Consolidated Statements of Income
For the years ended December 31, 2013 and 2012
(In thousands of Mexican pesos, except for earning per share, which is in Mexican pesos)
| Notes | 2013 | 2012 | |||
|---|---|---|---|---|---|
| Net sales | 21 | $ | 9,545,317 | $ | 9,564,974 |
| Costs and expenses: | |||||
| Cost of sales | 21 | 5,790,321 | 5,698,117 | ||
| Operating expenses | 18 | 2,409,215 | 2,242,009 | ||
| Other operating income, net | 21 | (20,674) | (15,581) | ||
| 8,178,862 | 7,924,545 | ||||
| Operating income | 1,366,455 | 1,640,429 | |||
| Interest expense | 341,460 | 506,071 | |||
| Interest income | (13,802) | (30,130) | |||
| Exchange loss (gain), net | 27,450 | (280,866) | |||
| Effects of valuation of financial instruments | 16,987 | 18,275 | |||
| Other non-operating income, net | (9,696) | ||||
| Income before income taxes | 994,360 | 1,436,775 | |||
| Income taxes | 20 | 364,799 | 564,874 | ||
| Consolidated net income | $ | 629,561 | $ | 871,901 | |
| Earning per basic and diluted share | 3v | $ | 1.70 | $ | 2.37 |
See accompanying notes to these consolidated financial statements.