CONSOLIDATED STATEMENTS OF INCOME

For the years ended December 31, 2014 and 2013
(In thousands of Mexican pesos, except for earning per share, which is in Mexican pesos)
  NotEs   2014   2013  
Continuing operations:            
Net sales 24 $ 8,970,883 $ 8,623,661  
Costs and expenses:            
Cost of sales     5,380,952   5,069,912  
Operating expenses 20   2,069,045   2,159,732  
Other operating income, net     (44,835)   (20,670)  
      7,405,162   7,208,974  
Operating income     1,565,721   1,414,687  
             
Interest expense     296,086   346,455  
Interest income     (24,541)   (13,802)  
Exchange loss, net     331,633   27,287  
Effects of valuation of financial instruments         16,987  
      603,178   376,927  
             
Income before income taxes     962,543   1,037,760  
Income taxes 22   319,727   370,573  
Income from continuing operations     642,816   667,187  
Loss from discontinued operations, net of income taxes 19   200,359   37,626
 
Net income of the year   $ 442,457 $ 629,561  
             
Earning per basic and diluted share from continuing operations 4v   1.73   1.80  
Earning per basic and diluted share from discontinued operations 4v   (0.54)   (0.10)  
Earning per basic and diluted share 4v $ 1.19 $ 1.70  

See accompanying notes to these consolidated financial statements.