Consolidated Statements of Changes in Stockholders’ Equity

Grupo Lamosa, S.A.B. de C.V. and Subsidiaries
For the years ended December 31, 2016 and 2015 (In thousands of Mexican pesos)

Grupo Lamosa, S.A.B. de C.V. and Subsidiaries
For the years ended December 31, 2016 and 2015 (In thousands of Mexican pesos)

    Capital Stock   Additional Paid-In Capital   Retained Earnings   Valuation of Derivative Financial Instruments   Remeasurement
of Defined
Benefits Obligation
  Cumulative Translation Adjustment   Total Stockholders’ Equity
Balances as of January 1, 2015 $ 203,003 $ 139,386 $ 5,780,845 $ (115,371) $ (35,587) $ - $ 5,972,276
Capital increase   25                       25
Dividends declared           (108,838)               (108,838)
Comprehensive income           701,325   (38,250)   (18,895)   (36,581)   607,599
Balances as of December 31, 2015   203,028   139,386   6,373,332   (153,621)   (54,482)   (36,581)   6,471,062
Capital increase   25                       25
Dividends declared           (151,613)               (151,613)
Comprehensive income           672,365   49,927   14,863   142,126   879,281
Balances as of December 31, 2016 $ 203,053 $ 139,386 $ 6,894,084 $ (103,694) $ (39,619) $ 105,545 $ 7,198,755

See accompanying » notes to these consolidated financial statements.

Ing. Federico Toussaint Elosúa
Chief Executive Officer

Ing. Tomás Luis Garza de la Garza
Chief Financial Officer