PROBLEMS

Section A
1. Below is a list of accounts with their corresponding balances.
to determine the following:
a) The total overhead costs.
b) The operating profit.
c) The overall financing result

Advertising $ 110 000

Depreciation of office furniture $30,000
Interest expense $ 15 000
Rent $ 40 000
Salaries $ 470 000
$5 780
Income from services 000
Telephone service $ 22 500
Electric energy $ 37 800
Gain from exchange rate fluctuation $ 27 600
Depreciation of transportation equipment $ 8 320
Insurance expenses $ 15,670
Office supplies expenses $10,300

Total, Gastos
Generals = $ 759,590,000.00

Income - Expenses Administration, sales,

utlidad de Operación = Financieros= $ 5.048.010,00

INCOME STATEMENT
The integral result of
Service Income $5,807,600
Commissions 0 financiamiento:
Gross Utility $5.807.600
General Expenses $ 759.590,00
Operating utility $ 5,048.01
Integral Result of
Financing 0
Participation in
associations 0
Tax on profit 0
Utility before
operations
discontinued $5.042.961,99
Net Utility $5.042.961,99
2. Soluciones Efectivas, S.A. is a company that offers consulting services in
administration. The following is information for the quarter from April to June of
year 2012:

Income from services $25 340 000

Management salaries $ 3 200 000
Salaries of employees $ 4 750 000
Rent $ 180 000
Insurances $36,000
Travel expenses $ 435 000
Telephone service $68,200
Electricity $42,300
Depreciation of office furniture $ 21 230
Interests $ 48,450
Taxes $ 260 120
Prepare the income statement for effective solutions for the second quarter of the year
2012.

Efectvas S.A
INCOME STATEMENT
April 1 to June 2012
Service Income $25,340,000
Commissions 0
Operational income $25.340.000
Salary $7,950,000.00
Propaganda
0
Services 0
Other Expenses $761.500
Operational expenses $8.711.500,00
Interests $48,450.00
Result before tax $8.663.050,00
Tax $260.120,00
net utility $8.402.930,00

3. The company Mirado is a distributor with several years in the market. A

the balances as of December 31 of some of your accounts are presented below
correspond to the movements made in the last quarter of the year 2012.
Sales $900 322 000
Advertising $ 12 500 000
Management salaries $ 7 400 000
Depreciation of building $ 900 000
Employee salaries $ 10 640 000
Commissions on sales $1,860,000
Cost of sales $360 000 000
Insurance $ 957 000
Telephone service $ 124 960
Electric energy $ 628,000
Depreciation of furniture $ 480 200
Interests $ 450 000
Taxes $21,780,000
Public services $ 324 500
Miscellaneous expenses $ 113 700
Prepare the income statement for the company Mirado for the fourth quarter of the year 2012.

Efectvas S.A
INCOME STATEMENT
from January 1 to December 31, 2012
Sales $900.322.000
Cost of sales 360000000
Operational income $540,322,000
Salary $7.400.000,00
administrative expenses
$12,500,000
sales expenses $1,860,000
Other Expenses $2,148,160
Operational expenses $23.908.160,00
Interests $450.000,00
Result before tax $23.458.160,00
Tax $21.780.000,00
net utility $1.678.160,00
4. With the listed balances, prepare the financial position statement accordingly.
classification of the company Advanced as of March 31, 2012.

Inventory $3,345,000 Salaries payable $ 235 800

Social capital $10,000,000 Land $6,500,000
Dividends payable $ 300 000 Accounts Receivable $1,345,000
Retained earnings $7,928,240 Cash and banks $2,765,340
Customer advances $400,000 Mortgage payable $3 500 000
Building $17,200,000 Suppliers $2 567 400
Various creditors $ 1 378 900 Office furniture $2,700,000
Transport team $ 1 325 000 Taxes payable $4,200,000

Advanced Company
STATEMENT OF FINANCIAL POSITION
as of March 31, 2012
ACTIVE PASSIVE
CURRENT ASSET Salaries payable $ 235.800
CASH AND EQUIVALENT Mortgage payable $ 3,500,000
Securities and banks $ 2,765,340 Impuestos por pagar $ 4.200.000
Accounts receivable $ 1.345.000 Various creditors $1,378,900
Inventory $ 3,345,000 Dividends payable $ 300,000
Clients $ 400,000 TOTAL, PASIVOS $ 9.614.700
PROPERTY, PLANT AND EQUIPMENT HERITAGE
Transport team $ 1,325,000 Social capital $ 837.400
Land $ 6,500,000 Withheld utilities $ 7.928.240
Office furniture $ 2,700,000 TOTAL, PATRIMONIO $ 8.765.640

TOTAL, ASSETS $ 18.380.340 TOTAL, LIABILITIES + EQUITY $ 18.380.340

5. With the information provided by the company Diamante, corresponding to the period
understood between January 1 and March 31, 2012, prepare the statement of variations
in the corresponding equity capital:
Share capital as of January 1, 2012 $10,000,000
Contributions from partners $ 1 500 000
Reimbursements of contributions to partners $1,000,000
Retained earnings as of January 1, 2012 $23 240 000
Net profit for the period $2,875,200
Declared dividends $1,200,000

STATEMENT OF CHANGES IN EQUITY WITH TABLE

UTILITIES TOTAL CAPITAL
SOCIAL CAPITAL
RETAINED SOCIAL
Initial Balance $ 10,000,000 $ 23.240.000 $ 33,240,000
INCREASES
Utility of the exercise $ - $ 2.875.200 $ 2,875,200
Decreases
Payment of Dividends $ - $ 1,200,000 $ 1,200,000
Final Balance $ 10,000,000 $ 24.915.200 $ 34.915.200
6. The following is information about the company Transportes del Centro,
corresponding to the period from January 1 to December 31, 2012:
Income from services $ 35 900 000
Sueldos gerencia $ 8 700 000
Employee salaries $4,830,000
Expense for materials $1,860,000
Rent $ 910 000
Insurance $ 125 000
Telephone service $ 53 400
Electric energy $ 92 100
Depreciation of equipment $71,200
Interests $ 80 000
Taxes $1,308,550
Share capital as of January 1 $8,500,000
Retained earnings as of January 1 $12,342,000
Declared dividends $ 2 500 000
a) Prepare the income statement for Transportes del Centro for the first quarter.
from the year 2012.

Transportes del Centro company

INCOME STATEMENT
from January 1 to December 31, 2012
Services Income $ 35,900,000
Commissions $ -
Operational income $ 25.340.000
salary $ 13.530.000
administrative expenses $ 3,040,500
Services $ -
Other Expenses $ 71.200
Operational expenses $ 8.711.500
Interests $ 80,000
Result before tax $ 8.663.050
Tax $ 1,308,550
net utility $ 8,402,930

b) Prepare the statement of changes in equity corresponding to the first

quarter of the year 2012.

STATEMENT OF CHANGES IN EQUITY WITH TABLE

UTILITY TOTAL CAPITAL
SOCIAL CAPITAL
HELD SOCIAL
Initial Balance $8,500,000 $12.342.000 $ 20.842.000
INCREASES
Utility of the exercise $ - $ 8,402,930 $ 8,402,930
Decreases
Payment of Dividends $ - $2.500.000 $ 2,500,000
Final Balance $ 8,500,000 $ 18.244.930 $ 26.744.930

7. Abarrotes Doña Lupita presents the following balances in its accounts as of September 30
from 2012:
Sales $ 15 776 000 Total sales expenses $ 1,530,000
Cost of sales $6,875,400 Taxes $ 1 751 210
Total administrative expenses $ 3 500 000 Interests $126,000
Dividends $1,000,000 Registered trademark $ 700 000
Inventory $9,112,000 Salaries payable $ 850 800
Social capital $5,000,000 Land $2,500,000
Dividends payable $ 500 000 Computing equipment $ 2 130 000
Retained earnings $ 7 892 030 Cash and banks $12,126,980
Bank loan (3 months) $ 1,400,000 Suppliers $ 8,789,000
Building $ 5 300 000 Hipoteca por pagar (5 años) $ 2 500 000
Various creditors $2,438,760 Office furniture $ 2 700 000
Transport team $ 895 000 Taxes payable $ 5 100 000

Additional information:
1. The balances of the income, cost, and expense accounts correspond to the period
understood between July 1 and September 30, 2012.
2. The balance of the share capital account was obtained considering that during the period of
From July to September, there were contributions from members totaling $500,000, and there were none.

refunds of contributions.
The balance of the retained earnings account does not yet account for the net income of the period.
not the declared dividends.
a) Prepare the income statement for Abarrotes Doña Lupita corresponding to the period of
July 1 to September 30, 2012.
Contemporary Furniture Store

INCOME STATEMENT
from January 1 to December 31, 2012
sales $15,776,000
Cost of sales 6875400
Operational income $540,322,000
salary $850.800,00
administrative expenses $0
sales expenses $0
Other Expenses $0
Operational expenses 23,908,160.00
Interests $126.000,00
Result before tax $23.458.160,00
Tax $1,751,210.00
net utility $1.678.160,00

b) Prepare the statement of changes in equity for Abarrotes Doña Lupita

period from July 1 to September 30, 2012.
STATEMENT OF CHANGES IN EQUITY WITH TABLE

Social Capital UTILITIES TOTAL SOCIAL CAPITAL

RETAINED
Initial Balance $5,000,000 $7.892.030 $ 12.892.030
INCREASES
$
Usefulness of exercise - $1.678.160,00 $ 1.678.160
Decreases
$
Dividend Payment - $500,000 500,000
$
Final Balance 5,000,000 $ 9.070.190 $ 14.070.190
c) Prepare the financial position statement of Abarrotes Doña Lupita as of September 30.
from 2012.

Contempo Furniture Store

STATEMENT OF FINANCIAL POSITION

as of December 31, 2012
ACTIVE PASSIVE
CURRENT ASSET Various creditors $ 2.438.760
CASH AND
EQUIVALENT Salaries payable $ 465.480
Securities and banks $ 12.126.980 Suppliers $ 8,789,000
Inventory $ 9,112,000 Mortgage payable (5 years) $2,626,000
PROPERTY, PLANT AND EQUIPMENT Taxes payable $6.851.210
Building $ 5,300,000 Bank loan (3 months) $1.400.000
Transport team $ 895,000 dividends payable $ 1.000
Land $ 2,500,000 TOTAL PASIVOS $ 22,571,450
Computing equipment $ 2.130.000 HERITAGE
Office furniture $ 2,700,000 Social capital $ 5,000,000
Trademark $700,000 Retained earnings $ 7.892.030
$ 500

TOTAL ASSETS $ 12.892.530

TOTAL ASSETS $ 35.463.980 TOTAL LIABILITIES + EQUITY $ 35,463,980

SECTION B
1. Below is a list of accounts with their corresponding balances for
that determines
the following:
a) The total general expenses.
b) Operating profit.
c) The integral financing result.

Rent $ 55 000
Salaries $ 385 000
Income from services $ 6 240 000
Telephone service $18,200
Electric energy $24,900
Loss due to exchange rate fluctuations $ 14 700
Advertising $75,000
Depreciation of transport equipment $ 8 400
Insurance expenses $12,100
Office supplies expense $ 8,350
Depreciation of office furniture $23,000
Interest expense $ 12 500

Total, General Expenses = $578.550,00

Income - Expenses
Operating Utility = Administration, sales, $5.661.450,00
Financial

The comprehensive outcome of financing:

INCOME STATEMENT
Service Income $6,240,000
Commissions 0
Gross Utility $5.807.600
General Expenses $578.550,00
Operating utility $5.661.450,00
Integral Financing Result $ 31.400
Participation in associations 0
Tax on profit $6.271.400,00
Profit before operations
discontinued
Net Utility $463.800,00

2. Below is information about the company Quality Prints, Inc.

corresponding to the quarter from July to September of the year 2012:

$ 12 590
Income from services 000
Management salaries $1,200,000
Employee salaries $ 930 000
Expense for materials $ 860 000
Rent $ 210 000
Insurance $ 95 000
Telephone service $3,400
Electric energy $52,800
Depreciation of equipment $48,200
Interests $30,000
Taxes $ 108 230

Prepare the income statement of Quality Impressions for the third quarter of the year
2012.
Quality, Inc.
INCOME STATEMENT
April 1 to June 2012
Service Income $12,590,000
Commissions 0
Operational income $25.340.000
Salary $1.200.000,00
Propaganda 0
Services 0
Other Expenses $1.269.400
Operational expenses $8,711,500.00
Interests $30.000,00
Result before tax $8.663.050,00
Tax $108.230,00
net utility $8.402.930,00

3. Contempo Furniture is a retailer with several years in the market. A

continuation, the balances as of December 31 of some of your accounts are presented
correspond to the movements made in the first quarter of the year 2012.
Salaries employees $8,765,000
Commissions on sales $ 935 000
Taxes $ 1 278 000
Public services $ 123 450
Miscellaneous expenses $88,900
Cost of sales $ 83 427 500
Insurance $ 210 000
Telephone service $ 81 240
Sales $215,650,000
Advertising $4,500,000
Management salaries $ 2 500 000
Building depreciation $300,000
Electric energy $ 246 800
Depreciation of furniture $150 200
Interests $120,000

Prepare the income statement for Mueblería Contempo for the fourth quarter of the year.
2012.

Contempo Furniture Store

INCOME STATEMENT

from January 1 to December 31 of 2012

Sales $215.650.000
Cost of goods sold 83427500
Operational income $540.322.000
Salary $0,00
administrative expenses $5.608.240

sales expenses $935,000

Other Expenses $88,900
$23,908,160.00
Operational expenses
0
Interests $120.000,00
$23.458.160,0
Result before tax
0
Tax 1,278,000.00
net utility $1.678.160,00

4. With the listed balances, prepare the financial position statement accordingly.
classified of the company La Suprema as of June 31, 2012.
Various debtors $800,000 Salaries payable $ 230 500
$ 15 000
Share capital 000 Land $ 3 250 000
Insurance paid in advance $ 750 000 Documents payable (6 months) $ 1 500 000
Dividends payable $1,200,000 Accounts Receivable $2,680,000
Retained earnings $6,117,910 Cash and banks $ 3 895 310
Payable obligations $5,000,000 Mortgage payable $2,500,000
Building $12,500 Suppliers $2,567,400
 000
Various creditors $970,000 Office furniture $ 1 780 000
Transport team $ 3 800 000 Taxes payable $ 1 350 000

Statement of Financial Position

Company La Suprema
STATEMENT OF FINANCIAL POSITION
as of March 31, 2012
ACTIVE PASSIVE
$
CURRENT ASSET Insurance paid in advance 750,000
CASH AND EQUIVALENTS Accounts payable $ 5,000,000
$
Effect and banks $ 3,895,310 Salaries payable 230.500
Accounts receivable $ 2.680.000 Suppliers $ 2.567.400
PROPERTY, PLANT AND EQUIPMENT Taxes payable $ 1,350,000
Edificio $ 12,500,000 Documents payable (6 months) $1.500.000
Transport team $ 3.800.000 Mortgage payable $ 2,500,000
Office furniture $ 1,780,000 TOTAL LIABILITIES $ 13.897.900
Land HERITAGE
Social capital $ 3.439.500
Retained utilities $ 6.117.910
Dividends payable $1,200,000
TOTAL ASSET $ 10.757.410
$
TOTAL ASSETS $ 24.655.310 TOTAL LIABILITIES + EQUITY 24,655,310

5. With the information provided by the company Aries, corresponding to the period
understood between July 1 and September 30 of 2012, prepare the report of
variations in the equity capital corresponding to:
Share capital as of June 30, 2012 $15,000,000
Contributions from partners $ 4 000 000
Reimbursement of contributions to partners $ 2 500 000
Retained earnings as of June 30, 2012 $32,635,000
Net loss for the period $ 991 340
Declared dividends $2,000,000

EXERCISE
STATEMENT OF CHANGES IN EQUITY WITH TABLE
 SOCIAL CAPITAL TOTAL, SHARE CAPITAL
RETAINED EARNINGS
Initial Balance $15.000.000 $32,635,000 $47.635.000
INCREASES
Utility of the exercise -$991,340.00 -$ 991.340
Disminuciones
Dividend Payment $2,000,000 $ 2,000,000
$2
Final Balance $15,000,000 9.643.660 $44.643.660

6. The following is information about the company Antigüedades El Uro,

corresponding to the period between January 1 and December 31, 2012:

Sales $ 5 520 000

Employee salaries $ 330 000
Advertising $ 2 200 000
Commissions on sales $ 326 000
Rent $900,000
Insurance $ 250 000
Freight on sales $ 130 400
Telephone service $ 110 500
Electric energy $142,900
Depreciation of equipment $ 172 200
Interests $ 375 000
Taxes $ 768 000
Share capital as of January 1st $ 8 500 000
Retained earnings as of January 1 $ 12 342 000
Declared dividends $2,500,000

a) Prepare the income statement of Antigüedades El Uro for the year 2012.

Antiques The Uro

INCOME STATEMENT
from January 1 to December 31, 2012
sales $5.520.000
Cost of sales 326000
Operational income $540,322,000
salary $330.000,00
administrative expenses $1.533.800
sales expenses $2.200.000
Other Expenses $172,200
Operational expenses $23.908.160,00
Interests $375.000,00
Result before tax $23.458.160,00
Tax $768.000,00
net utility $1,678,160.00
b) Prepare the statement of changes in equity for the year 2012.

STATEMENT OF CHANGES IN EQUITY WITH TABLE

SOCIAL CAPITAL TOTAL, CAPTAL SOCIAL

RETAINED EARNINGS
Initial Balance $8.500.000 $12,342,000 $20,842,000
Increases
Utility of
exercise $- $1.678.160 $ 1.678.160
Decreases
Dividend Payment $- $2,500,000 $ 2.500.000
$8. $11.5
Final Balance 500,000 20.160 $20,020,160
7. Clean and Quick Dry Cleaners presents the following balances in its accounts as of 31
December 2012:

Income from services $ 33 985 000 Total general expenses $ 31 530 000

Interests $1,580,000 Taxes $ 2 314 670

Dividends $ 2 500 000 Franchise $2,000,000

Materials $2,435,000 Salaries payable $ 850 800

Social capital $ 8 000 000 Land $3,000,000

Dividends payable $ 1 500 000 Team $ 3 520 000

Retained earnings $ 4 806 840 Cash and banks $ 3 225 970

Bank loan (18 months) $ 1 000 000 Suppliers $2,892,000

Mortgage payable (3
Building $ 5 300 000 years) $ 3 500 000

Various creditors $ 660 000 Office furniture $ 1 880 000

Transport team $ 1 225 000 Taxes payable $ 3 316 000

Additional information:
1. The balances of the income, costs, and expenses accounts correspond to the period
understood between January 1 and December 31, 2012.
2. The balance of the share capital account was obtained considering that during the period of
From July to September, there were no contributions from members; however, refunds were made to
partners for a total of $800,000.
3. The balance of the retained earnings account does not yet consider the net loss for the period.
nor the declared dividends.

a) Prepare the income statement of Clean and Quick for the year 2012.
Clean and Quick
INCOME STATEMENT
April 1 to June 2012

Service Income $33.985.000

Commissions 0
Operating income $25,340,000
salary $850,800.00
propaganda 0
Services 0
Other Expenses $11.820.000
Operating expenses $8.711.500,00
Interests $1.580.000,00
Result before tax $8.663.050,00
Tax $2.314.670,00
net utility $8.402.930,00

b) Prepare the statement of changes in equity for Clean and Quick for the year 2012.
 STATE OF CHANGES IN EQUITY WITH TABLE

TOTAL CAPITAL
SOCIAL CAPITAL
SOCIAL
RETAINED UTILITIES

Initial Balance $8.000.000 $4.806.840 $12.806.840

INCREASES

Utility of exercise $8.402.930,00 $ 8.402.930

Decreases

Dividend Payment $1,500,000 1,500,000

Final Balance $ 8,000,000 $ 11,709,770 $19,709,770

c) Prepare the financial position statement of Clean and Quick as of December 31, 2012.

Clean and Quick

STATEMENT OF FINANCIAL POSITION
as of March 31, 2012
ACTIVE PASSIVE
CURRENT ASSET Bank loan (18 months) $1.000.000
CASH AND
EQUIVALENT Salaries payable $850,800
Securities and banks $3.225.970 Taxes 2,314,670
Materials $2,435,000 Mortgage payable (3 years) $3.500.000
PROPERTY, FLOOR AND
TEAM Taxes payable $3.316.000
Building $5,300,000 Salaries payable $850.800
Transport team $1.225.000 Dividends payable $1.500.000
Land $3.000.000 TOTAL, PASIVOS $13.332.270
Team $3,520,000 HERITAGE
Office furniture $1.880.000 Social capital $2.446.860
Retained earnings $4.806.840

$7.
TOTAL, PATRIMONIO 253.700
$2
TOTAL, ASSETS $20.585.970 TOTAL, LIABILITIES + EQUITY 0.585.970
Business vision
1. The financial statements summarize the information of the businesses and are used for decision-making.

decisions of different users. Visit the website of a company of your

locality, consult the financial information of the last published period and answer it
next
a) Can it be said that the period was profitable?

Novacero S.A
its profitability is intermediate, as it has financial flexibility to meet the payment
financial spending report, which has historically been covered by EBITDA in
an average of 3.5 times in the year 2018. It is expected that this indicator will remain at least
at similar levels in the coming years, it should be noted that it has been improving in the
last years thanks to the investments made by the company in automation of
processes and technology. It is also clear that thanks to the growth of capacity
production (economies of scale), the company has managed to reduce the unit cost by
general of the products.

b) Did retained earnings increase due to the results of the period?

The diversification of customers and suppliers is another strength of the company. Both the
collection of raw materials (scrap) as the distribution of products is done to
medium and large businesses. As of May 2018, the top 10 most important clients by
sales volumes represent 20.2% of total sales; the customer with the highest
participation in sales accounts for 2.3% of sales. However, as mentioned
Previously, a large percentage of the company's sales occur at the local level and therefore
it maintains a high dependence on the local economy.

c) What can be concluded from the financial position?

It is deduced that it is an instrument that presents a relationship of resources (assets) of the
company, as well as the sources of funding (liabilities and equity) of those resources.
2. Analyzing the statement of changes in equity.
Why do you think it has been considered one of the basic financial statements?
Because its goal is to show the changes in the investment of the company owners.
in a specific period.

¿Qué tipo de decisiones puede propiciar la información que presenta?

Provides information on the net income or net loss reported by the statement of
results are part of the increases or decreases in retained earnings
statement of changes in equity.

According to the Cemex 2008 annual report, that year was extremely complex.
unprecedented financial and economic crisis that began in the United States spread to
Europa, Asia y otras regiones, afectando a empresas e industrias enteras en todo el mundo.
Response
As a result, at Cemex, after having recorded an average growth
above 10% for more than a decade, their results were below the
objectives originally set for the year. However, the company managed to compensate
partially the increase in costs and the effects of the economic slowdown
in the United States, Spain, and the United Kingdom. According to the president of the Council of
Cemex's management, operating cash flow decreased by 5%, to 4,343 million.
de dólares.

Visit the company's website, check the annual reports, review the financial statements.
financial and analyze what the main actions taken by the company were that
they helped obtain the previous results and stay in the market.

Response
The financial statements of those subsidiaries whose functional currency corresponds to a
A country subject to high inflation will be restated to reflect inflation. The
determination of whether a country is in a period of high or low inflation is carried out in
at the end of each year, and inflation is applied as appropriate. As of December 31
2007, except for Venezuela and Costa Rica, all of CEMEX's subsidiaries
they operated in countries during periods of low inflation; therefore, the reexpression was suspended
from historical costs in their financial statements to consider inflation starting from the 1
January 2008. Starting in 2008, the NIF B-10 eliminated the re-expression of the statements.
financial statements for the period, as well as the comparative financial statements for the periods

prior to constant values with respect to the date of the most recent financial statement. To
end of the year 2008, the figures that appear in the income statement, cash flow statement
Cash and statement of changes in financial position are presented in nominal figures;
meanwhile, the figures from the financial statements for previous periods are presented in
constant pesos as of December 31, 2007, the last date on which the accounting
inflationary was applicable. Until that date, this index was calculated based on the rates of
inflation in the countries where we operate and in the fluctuations of exchange rates
each of those countries.

4. Analyzing the risk factors of FEMSA. The Coca-Cola FEMSA business depends
of its relationship with The Coca-Cola Company. Changes in this relationship may affect
adversely affect the results of operation and financial position. Visit the page of
FEMSA, review the latest annual report presented, and answer the following:

Why can this relationship adversely affect operational results and

financial position of the company?

The risks would be significant since the two organizations are responsible for
correct handling of raw materials, efficiency in water use in our plants. access to
water, sanitation in our communities, replenishment and water funds. Due to
that our relationship with The Coca Cola Company represents 12% of the sales volume
global of the Coca-Cola System, which consolidates us as the bottler and
largest beverage marketer in the world by sales volume. In this way
they are focused on meeting the needs of clients and consumers, through
building a winning portfolio, from the transformation of our operational models
and the evolution of our culture, we serve more than 290 million people and 2
millions of points of sale, through 48 bottling plants and 297 centers of
distribution in 10 countries in Latin America, covering certain territories in Mexico,
Brazil, Guatemala, Colombia, Argentina, and at the national level, in Costa Rica, Nicaragua,
Panama, Uruguay and Venezuela.
By combining the efforts of The Coca-Cola Company and Coca-Cola FEMSA this year,
a total of 735 evaluations were conducted on suppliers. All our new suppliers
In Mexico, Costa Rica and Nicaragua have been evaluated based on these criteria and
we continue to work to generate improvement action plans. Because Coca-Cola
FEMSA is part of The Coca-Cola Company's System.

5. According to the chairman of the Board of Directors of Gruma, 2009 was of

great challenges and opportunities. It was the worst year for the global economy in seven decades;
In contrast, for the company it was a great achievement: “Our key business grew both in
terms of volume such as utility and cash flows and we completed an important
long-term debt refinancing and very competitive interest rates.
Visit the company's website, consult the annual reports, review the financial statements.
financial and analyze how previous achievements were reflected in the sales concepts and
cash generation.
Response
Global sales that determine the financial statements are up by 13 percent.
one hundred rising from $44,792 million pesos to $50,489 million pesos. Likewise,
our cash generation increased by 17 percent, rising from $4,607 million
pesos in 2008 to a new record of $5,377 million pesos. It is important to note that
in 2008 we faced a great problem that we had not had throughout
our history. Given our globalization, we have always worked with coverage for
different currencies, raw materials, and finished products, and due to an unusual
depreciation of the peso that went from $9.85 pesos/dollar to $14.50 pesos/dollar, all the
companies that we operate in Mexico with foreign exchange derivatives were affected.
The effect for GRUMA was approximately $1,094 million USD.
which, thanks to the support received from the Federal Government, demonstrates confidence in
GRUMA before foreign banks as a solvent company, which granted a loan to
10 years for $260 million USD. Of the remaining $834 million USD, $737 million
of USD were restructured to terms of up to 7.5 years at very attractive interest rates.

6. Just like in the previous cases, in a year in which it is considered that an

the most serious economic crisis in recent decades, Bimbo reported record sales data and
utilities. According to the company’s 2009 annual report, consolidated sales
rose to 116,353 million pesos, 41.3% higher than the previous year. The profit
The majority net rose to 5,956 million pesos, 37.9% higher than in 2008. Visit the
company's website, check the annual reports, review the statements
financial and analyze what were the main actions taken by the company that
they helped to obtain the previous results.
Response
In terms of our financial structure, we obtained a loan of $2.3 billion from
dollars for the acquisition of Weston Foods, in the United States at the beginning of the year,
even more remarkable operation given the conditions of the credit markets at that time
moment. In this way, we were able to refinance a large part of that debt to
through a successful bond issuance in the month of June. One of our commitments
keys at the time of acquisition were to reduce our leverage and we were very
disciplined in cash management and the use of resources.
This allowed us to prepay more than $1 billion in financial obligations.
during 2009, to improve our credit profile earlier than expected. Also
we ensure longer terms and a better repayment schedule. These
the events were particularly positive in a year that was exceptionally difficult and challenging.
economic environment affected consumer demand, which put pressure on the
volumes, in addition to affecting prices and promotions. The erosion of purchasing power
purchase in many of the markets where we operate, was offset by the decrease
in the prices of raw materials. To counteract these factors, we invest in
product innovation, advertising, promotion, and marketing, the most vital elements
that never stops strengthening the value of brands and supporting consumption.
7. Visit the website of the Mexican Stock Exchange, select any of the
stations that list their values in that market, locate the section where it presents its
financial statements and analyze the content of the information included in the statement of
most recent financial situation.
Response
Las bolsas de valores en el mundo son instituciones que las sociedades establecen en su
own benefit. Investors turn to them as an option to try to protect
and increase their financial savings, contributing the resources that, in turn, allow both to the
companies like the governments finance productive and development projects, which
they generate jobs and wealth.
These analysts have commented that it was a highly anticipated offer because it was the only company

of its type that is listed on the market, which makes its business model even more attractive.
This shows that despite the uncertainty that may exist at a market level or
macroeconomic, a solid company, with a successful track record and viable projections
it can generate appetite for the company in the market, resulting in an IPO
successful.

8. Visit the website of the Mexican Stock Exchange, select one of the
stations that list their values in that market, locate the section where it presents its
financial statements and analyze the content of the information included in the statement of
most recent cash flows.
Response
the operation of a new entity within the Mexican Capital Market has begun,
which was called Market Maker, which is a Brokerage House authorized by the
Mexican Stock Exchange whose objectives are to provide liquidity, price stability through the
permanent presence in the market and promote liquidity in the secondary market
through the promotion of a continuous transactional flow. An important factor is that the
Brokerage House intervenes in operations with its own resources to promote liquidity,
establish reference prices and contribute to the stability and continuity of prices of a
value or a set of values.
9. Visit the website of the Mexican Stock Exchange, select any of the
companies that list their values in that market, locate the section where it presents its
most recent financial statements and analyze the content of the report where it shows the
opinion of the independent auditor.
Response
The revenues amounted to 996 million pesos, 151 million or 18% higher compared to
1T19 for three reasons: greater activity in operational businesses, related services.
to the International Quotation System (SIC) and a tax benefit in SIF Chile. • The
Expenses grew by 8% due to projects completed in 2019 that generate operating expenses.
in 2020, mainly in technology and depreciation, as well as variable compensation
due to better income in SIF ICAP. • Operating profit and net profit
they grew by 26% and 39%, respectively. • EBITDA was recorded at 607 million pesos
with a margin of 61%.
The amount financed in development capital certificates in the last 15 months has been
of 118,172 million pesos, which is broken down into: 36,459 million in real estate, 29,963
millions in private capital, 23,158 million in infrastructure, 16,821 million in energy
11.771 million in financial assets.

10. Visit the website of the Mexican Stock Exchange, select any of the
issuers that quote their values in that market, locate the section where it presents its
most recent financial statements and analyze the content of the information they include in the
notes section on expenses.
Response
The total expenses for the first quarter of 2020 were 439 million pesos, which
represents an increase of 34 million or 8% compared to the same period in 2019.
the difference in expenses is mainly explained by:
Personnel increased by 13 million pesos due to higher compensation
variable due to better income in SIF ICAP and annual salary increases.
Technology increased by 9 million pesos, with 6 million explained by the renewal.
of licenses for projects completed in 2019, acquisition of new licenses for
 customer service and increase in the bandwidth of the backbone network, as well as 3
millions for the purchase of data for services related to the SIC.
Depreciation showed an increase of 6 million pesos due to the
acquisition of hardware, mainly the increase in storage (SAN)
and risk engine of Asigna, as well as the amortization of completed projects in
2019 (Infomatch, a system to monitor data usage) and improvements to
building.
Rent and Maintenance increased by 1 million pesos due to improvements to the air.
building air conditioning and improvements to the facilities in general.
Fees decreased by 2 million pesos due to non-recurring consultancies.
related to the flexible disaster recovery plan (DRP) in Q1 2019.
Another increased by 6 million pesos, provisions for 5 million in events and
promotion and 1 million for the option to purchase the remaining shares of
SIF Chile, millions of pesos or 26% above what was reported in the first quarter
from 2019.
The total financing result was 170 million pesos in the quarter.
the growth is explained by the exchange gain, mainly in the rate of
peso-dollar exchange rate.

The interest from leases was 1.3 million pesos in the quarter.
The tax rate for the quarter was 29%, in line with that of Q1 19. The profit
Net income of 1T20 reached 457 million pesos, a growth of 39% compared to the
same quarter of last year
Total liabilities grew by 67% explained by the maintenance fees of
bonds that are paid at the beginning of the year and lease liabilities.