Consolidated Statements of Income and Other Comprehensive Income As of December 31, 2023, 2022 and 2021
(In thousands of Mexican pesos, except for the basic profit per share, which is expressed in pesos)
| NOTAS | 2023 | 2022 | 2021 | ||
|---|---|---|---|---|---|
|
Income
|
26 |
$198,455,309
|
$181,538,679 |
$124,572,789
|
|
|
Cost of sales
|
27
|
146,026,816 |
137,178,732
|
93,948,766 |
|
|
Gross operating income |
|
52,428,493 |
44,359,947 |
30,624,023
|
|
|
|
|||||
|
Sales expenses
|
27 |
17,118,427 |
15,649,247 |
12,580,040 |
|
|
Administrative expenses
|
27 |
8,623,379
|
5,484,535 |
4,730,344 |
|
|
Statutory employee profit-sharing
|
|
799,115 |
679,193 |
363,942 |
|
|
Other (income) expenses, net
|
28 |
1,494,173 |
(3,418,124) |
92,712 |
|
|
Financial costs
|
|
5,829,082 |
3,791,729 |
1,684,778 |
|
|
Financial income
|
|
(1,753,037) |
(1,339,194) |
(571,524) |
|
|
Financial income
|
|
(3,572,683) |
(1,566,338) |
(3,696,391) |
|
|
Exchange loss
|
|
5,603,693 |
2,615,376 |
3,653,161 |
|
|
Effects of valuation of derivative
financial instruments |
|
(78,093) |
(352,602) |
(319,373) |
|
|
Equity in results of associated entities,
joint ventures and other |
17 |
(1,267,708) |
(1,303,405) |
(2,826,115) |
|
|
Income before income taxes |
|
19,632,145 |
24,119,530 |
14,932,449 |
|
|
|
|||||
|
Income taxes |
29 |
5,746,829 |
3,685,952 |
2,604,486 |
|
|
|
|||||
|
Consolidated net
income of the year |
|
$13,885,316 |
$20,433,578 |
$12,327,963 |
|
|
Other comprehensive income,
net of income tax |
|||||
|
Items that will not be reclassified to
results: |
|||||
|
Gain (loss) from cumulative
translation adjustment |
|
(2,698,180) |
1,567,616 |
89,612 |
|
|
Gain (loss) from derivative financial
instruments valuation, net of
deferred taxes |
14 |
(303,939) |
1,001,567 |
336,106 |
|
|
Gain (loss) in the fair value of equity
financial instruments, net of deferred
taxes |
14 |
257,805 |
1,689,189 |
2,459,818 |
|
| 2023 | 2022 | 2021 | |||
|---|---|---|---|---|---|
|
Items that will not be reclassified to results:
|
|||||
|
Actuarial gains (losses) |
|
(433,429) |
706,433 |
340,225 |
|
|
Losses on financial assets at fair value
|
|
(132,134) |
(104,838) |
|
|
|
|
|
|
|
|
|
|
Other items
|
|
(1) |
287 |
372 |
|
|
Equity in other comprehensive income of
associated entities and joint ventures |
|
(1,832,319) |
412,469 |
1,082,792 |
|
|
|
|||||
|
Total other comprehensive income |
|||||
|
|
|||||
|
Consolidated comprehensive |
|||||
|
|
|||||
|
Consolidated net income attributable to:
|
|||||
|
Controlling interest
|
|
$13,519,384 |
$19,061,904 |
$11,282,039 |
|
|
Non-controlling interest
|
|
365,932 |
1,371,674 |
1,045,924 |
|
|
|
|
$13,885,316
|
$20,433,578 |
$12,327,963 |
|
|
Basic profit per ordinary share attributable
to controlling interest: |
|
|
|
|
|
|
Basic profit per ordinary share
|
|
$6.002 |
$8.466 |
$4.975 |
|
|
Weighted average number of outstanding
shares (‘000) |
|
2,252,660 |
2,251,633 |
2,267,648 |
|
|
Consolidated comprehensive income
attributable to: |
|||||
|
Controlling interest
|
|
$9,229,535 |
$21,575,110 |
$15,511,249 |
|
|
Non-controlling interest
|
|
(486,416) |
995,959 |
1,125,639 |
|
|
|
|
$8,743,119 |
$22,571,069 |
$16,636,888 |
|
The accompanying notes are part of the consolidated financial statements.