MEXICAN STOCK EXCHANGE WAL - MART DE MEXICO, S.A.B. DE C.V. BALANCE SHEETS STOCK EXCHANGE CODE: (Thousand Pesos) YEAR: QUARTER: 2010 04 CONSOLIDATED Final Printing TO DECEMBER 31 OF 2010 AND 2009 WALMEX AUDITED INFORMATION Amount % % Amount CURRENT YEAR PREVIOUS YEAR CONCEPTS REF S s01 s02 s03 s04 s06 s07 s05 s08 s09 s10 s11 s12 s13 s16 s15 s14 s18 s17 s20 s21 s22 s23 s26 s25 s24 s29 s28 s27 s32 s31 s30 s33 s34 s35 s36 s79 s41 s40 s39 s44 s42 s80 CASH AND AVAILABLE INVESTMENTS ACCOUNTS AND NOTES RECEIVABLE (NET) CURRENT ASSETS OTHER CURRENT ASSETS INVENTORIES OTHER ACCOUNTS AND NOTES RECEIVABLE (NET) LONG-TERM ACCOUNTS AND NOTES RECEIVABLE (NET) INVESTMENTS IN SHARES OF NON-CONSOLIDATED SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES OTHER INVESTMENTS LAND AND BUILDINGS PROPERTY, PLANT AND EQUIPMENT (NET) OTHER EQUIPMENT MACHINERY AND INDUSTRIAL EQUIPMENT ACCUMULATED DEPRECIATION CONSTRUCTION IN PROGRESS TOTAL LIABILITIES CURRENT LIABILITIES BANK LOANS SUPPLIERS TAXES PAYABLE STOCK MARKET LOANS OTHER CURRENT LIABILITIES WITHOUT COST BANK LOANS LONG-TERM LIABILITIES STOCK MARKET LOANS DEFERRED LIABILITIES OTHER LOANS WITH COST OTHER NON CURRENT LIABILITIES WITHOUT COST CONSOLIDATED STOCKHOLDERS EQUITY COUNTABLE CAPITAL OF THE PARTICIPATION CONTROLADORA COUNTABLE CAPITAL OF THE PARTICIPATION NOT CONTROLADORA TOTAL ASSETS CONTRIBUTED CAPITAL CAPITAL STOCK CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES PREMIUM ON ISSUANCE OF SHARES EARNED CAPITAL OTHER ACCUMULATED COMPREHENSIVE RESULT RETAINED EARNINGS AND CAPITAL RESERVES SHARES REPURCHASED s103 OTHER LOANS WITH COST s19 OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) OTHER ASSETS 194,807,568 61,423,246 24,661,050 3,432,818 3,444,024 29,036,076 849,278 0 0 0 0 102,300,004 97,323,217 0 40,347,303 37,563,244 2,192,728 31,084,318 0 71,947,958 13,532,992 0 13,532,992 0 595,523 10,416,548 1,454,379 7,689,440 0 122,859,610 328,557 122,531,053 50,163,685 52,161,256 -1,997,571 0 72,367,368 71,897,150 470,218 0 50,725,526 37,999,509 259,567 0 133,139,154 48,246,421 19,482,716 2,806,469 2,734,230 22,519,684 703,322 0 0 0 0 84,892,733 82,237,485 0 33,138,425 32,348,770 1,865,593 0 0 49,991,376 4,451,132 0 4,451,132 0 261,639 7,545,327 1,728,056 5,627,642 0 83,147,778 0 83,147,778 21,866,386 23,427,611 -1,561,225 0 61,281,392 61,303,872 -22,480 0 39,912,602 30,377,580 0 0 100 32 13 2 2 15 0 0 0 0 0 53 50 0 21 19 1 16 0 100 71 53 0 0 1 2 14 19 0 19 0 11 0 100 0 100 41 42 -2 0 59 59 0 0 100 36 15 2 2 17 1 0 0 0 0 64 62 0 25 24 1 0 0 100 80 61 0 0 1 3 15 9 0 9 0 11 0 100 0 100 26 28 -2 0 74 74 0 0
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. BALANCE SHEETS
STOCK EXCHANGE CODE:
(Thousand Pesos)
YEAR:QUARTER: 201004
CONSOLIDATED
Final Printing
TO DECEMBER 31 OF 2010 AND 2009
WALMEX
AUDITED INFORMATION
Amount % %Amount
CURRENT YEAR PREVIOUS YEARCONCEPTSREF S
s01
s02
s03s04
s06
s07
s05
s08
s09
s10
s11
s12
s13
s16
s15
s14
s18
s17
s20
s21
s22
s23
s26
s25
s24
s29
s28
s27
s32
s31
s30
s33
s34
s35
s36
s79
s41
s40
s39
s44
s42
s80
CASH AND AVAILABLE INVESTMENTSACCOUNTS AND NOTES RECEIVABLE (NET)
CURRENT ASSETS
OTHER CURRENT ASSETS
INVENTORIES
OTHER ACCOUNTS AND NOTES RECEIVABLE (NET)
LONG-TERM
ACCOUNTS AND NOTES RECEIVABLE (NET)
INVESTMENTS IN SHARES OF NON-CONSOLIDATEDSUBSIDIARIES, JOINT VENTURES AND ASSOCIATES
OTHER INVESTMENTS
LAND AND BUILDINGS
PROPERTY, PLANT AND EQUIPMENT (NET)
OTHER EQUIPMENT
MACHINERY AND INDUSTRIAL EQUIPMENT
ACCUMULATED DEPRECIATION
CONSTRUCTION IN PROGRESS
TOTAL LIABILITIES
CURRENT LIABILITIES
BANK LOANS
SUPPLIERS
TAXES PAYABLE
STOCK MARKET LOANS
OTHER CURRENT LIABILITIES WITHOUT COST
BANK LOANS
LONG-TERM LIABILITIES
STOCK MARKET LOANS
DEFERRED LIABILITIES
OTHER LOANS WITH COST
OTHER NON CURRENT LIABILITIES WITHOUT COST
CONSOLIDATED STOCKHOLDERS EQUITY
COUNTABLE CAPITAL OF THE PARTICIPATIONCONTROLADORA
COUNTABLE CAPITAL OF THE PARTICIPATION NOTCONTROLADORA
TOTAL ASSETS
CONTRIBUTED CAPITAL
CAPITAL STOCK
CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES
PREMIUM ON ISSUANCE OF SHARES
EARNED CAPITAL
OTHER ACCUMULATED COMPREHENSIVE RESULT
RETAINED EARNINGS AND CAPITAL RESERVES
SHARES REPURCHASED
s103 OTHER LOANS WITH COST
s19
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)
OTHER ASSETS
194,807,568
61,423,246
24,661,050
3,432,818
3,444,024
29,036,076
849,278
0
0
0
0
102,300,004
97,323,217
0
40,347,303
37,563,244
2,192,728
31,084,318
0
71,947,958
13,532,992
0
13,532,992
0
595,523
10,416,548
1,454,379
7,689,440
0
122,859,610
328,557
122,531,053
50,163,685
52,161,256
-1,997,571
0
72,367,368
71,897,150
470,218
0
50,725,526
37,999,509
259,567
0
133,139,154
48,246,421
19,482,716
2,806,469
2,734,230
22,519,684
703,322
0
0
0
0
84,892,733
82,237,485
0
33,138,425
32,348,770
1,865,593
0
0
49,991,376
4,451,132
0
4,451,132
0
261,639
7,545,327
1,728,056
5,627,642
0
83,147,778
0
83,147,778
21,866,386
23,427,611
-1,561,225
0
61,281,392
61,303,872
-22,480
0
39,912,602
30,377,580
0
0
100
32
13
2
2
15
0
0
0
0
0
53
50
0
21
19
1
16
0
100
71
53
0
0
1
2
14
19
0
19
0
11
0
100
0
100
41
42
-2
0
59
59
0
0
100
36
15
2
2
17
1
0
0
0
0
64
62
0
25
24
1
0
0
100
80
61
0
0
1
3
15
9
0
9
0
11
0
100
0
100
26
28
-2
0
74
74
0
0
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. BALANCE SHEETS
STOCK EXCHANGE CODE:
(Thousand Pesos)
BREAKDOWN OF MAIN CONCEPTS
YEAR:QUARTER: 201004
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
PREVIOUS YEARREF S CONCEPTS
Amount %Amount %
CURRENT YEAR
s03s46s47
s81s82s83
s85s50s104
s87s86
s21s52s53
s26
s89s88
s07
s48s49s51
s18
s19
s32s66s91s92s69
s79
s38s37
s90s68
s58
s27
s60s59
s31
s67s65
AVAILABLE INVESTMENTSCASH
DISCONTINUED OPERATIONSDERIVATIVE FINANCIAL INSTRUMENTS
OTHER
DERIVATIVE FINANCIAL INSTRUMENTS
BENEFITS TO EMPLOYEESDEFERRED TAXES
OTHERDISCONTINUED OPERATIONS
CURRENT LIABILITIESFOREIGN CURRENCY LIABILITIESMEXICAN PESOS LIABILITIES
OTHER CURRENT LIABILITIES WITHOUT COST
INTEREST LIABILITIESDERIVATIVE FINANCIAL INSTRUMENTS
CASH AND AVAILABLE INVESTMENTS
OTHER CURRENT ASSETS
GOODWILLDEFERRED EXPENSES (NET)
OTHER
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS(NET)
OTHER ASSETS
OTHER NON CURRENT LIABILITIES WITHOUT COSTDEFERRED TAXESOTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCEDISCONTINUED OPERATIONSOTHER LIABILITIES
CAPITAL STOCK
RESTATEMENT OF CAPITAL STOCK
CAPITAL STOCK (NOMINAL)
DISCONTINUED OPERATIONSPROVISIONS
OTHER CURRENT LIABILITIES
LONG-TERM LIABILITIES
MEXICAN PESOS LIABILITIESFOREIGN CURRENCY LIABILITIES
DEFERRED LIABILITIES
OTHERNEGATIVE GOODWILL
24,661,050
416,23424,244,816
849,27800
849,278
31,084,318
029,768,097
1,316,221
00
0000
50,725,5267,773,339
42,952,187
10,416,5480000
10,398,996
13,532,9926,992,739
6,540,253
000
7,689,4406,954,799
734,6410
0
52,161,25643,160,890
9,000,366
19,482,716
298,13919,184,577
703,32200
703,322
0
000
000000
39,912,6021,547,184
38,365,418
7,545,3270000
7,529,329
4,451,1320
4,451,132
000
5,627,6425,476,165
151,4770
0
23,427,61114,369,480
9,058,131
100
298
10000
100
100
096
4
10000000
1001585
1000000
100
1005248
10000
1009010
0
0
1008317
100
298
10000
100
100
000
10000000
1004
96
1000000
100
1000
100
10000
10097
30
0
1006139
s105 BENEFITS TO EMPLOYEES 17,552 0 15,998 0
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. BALANCE SHEETS
STOCK EXCHANGE CODE:
(Thousand Pesos)
BREAKDOWN OF MAIN CONCEPTS
YEAR:QUARTER: 201004
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
REF S CONCEPTSAmount % Amount
CURRENT YEAR
%
PREVIOUS YEAR
s42s93
s95s94s43
s45
s100
s44s70
s97
s96
s71
s98
RETAINED EARNINGS AND CAPITAL RESERVESLEGAL RESERVE
OTHER RESERVESRESERVE FOR REPURCHASE OF SHARES
RETAINED EARNINGSNET INCOME FOR THE YEAR
OTHER
OTHER ACCUMULATED COMPREHENSIVE RESULTACCUMULATED MONETARY RESULT
CUMULATIVE RESULT FROM FOREIGN CURRENCYTRANSLATION
RESULT FROM HOLDING NON-MONETARY ASSETS
CUMULATIVE RESULT FROM DERIVATIVE FINANCIALINSTRUMENTSCUMULATIVE EFFECT OF DEFERRED INCOME TAXES
71,897,1504,718,199
00
47,628,52719,550,424
470,21800
470,218
0
00
61,303,8724,718,199
00
39,779,53016,806,143
-22,48000
-22,480
0
0
0
100700
6627
10000
100
0
0
0
100800
6527
10010000
100
0
0
0
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. BALANCE SHEETS
STOCK EXCHANGE CODE:
(Thousand Pesos)
OTHER CONCEPTS
YEAR:QUARTER: 201004
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
REF S CONCEPTSCURRENT YEAR
Amount
PREVIOUS YEAR
Amount
s72s73s74
s76s77
s101
s75
s102
s78
EXECUTIVES (*)PENSIONS AND SENIORITY PREMIUMS
OUTSTANDING SHARES (*)WORKERS (*)
RESTRICTED CASH
WORKING CAPITAL
EMPLOYEES (*)
DEBT OF NON CONSOLIDATED COMPANIES
REPURCHASED SHARES (*)
(*) THESE CONCEPTS ARE STATED IN UNITS
10,697,720478,853
0219,767
017,848,403,000
77,597,00000
8,333,819421,623
0176,463
016,752,528,446
102,692,40000
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. STATEMENTS OF INCOME
STOCK EXCHANGE CODE:
(Thousand Pesos)
YEAR:QUARTER:
FROM JANUARY THE 1st TO DECEMBER 31 OF 2010 AND 2009CONSOLIDATED
Final Printing
201004WALMEX
AUDITED INFORMATION
REF R CONCEPTSAmount Amount %%
PREVIOUS YEARCURRENT YEAR
r01
r02
r03
r04
r06
r05
r08
r09
r10
r11
r12
r14
r19
r18
r20
r48
GROSS PROFIT
GENERAL EXPENSES
COST OF SALES
COMPREHENSIVE FINANCING RESULT
INCOME (LOSS) FROM OPERATION
OTHER INCOME AND (EXPENSE), NET
INCOME BEFORE INCOME TAXES
INCOME TAXES
INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS
EQUITY IN NET INCOME OF NON-CONSOLIDATEDSUBSIDIARIES, JOINT VENTURES AND ASSOCIATES
DISCONTINUED OPERATIONS
NET CONSOLIDATED INCOME
NET INCOME OF PARTICIPATION NOT CONTROLADORA
NET INCOME OF PARTICIPATION CONTROLADORA
NON ORDINARY ITEMS
NET SALES 335,857,397
74,059,476
47,015,002
27,044,474
125,828
459,934
0
0
27,630,236
8,065,759
19,564,477
0
19,564,477
14,053
19,550,424
270,451,151
211,850,788
58,600,363
36,331,864
22,268,499
87,793
662,090
0
0
23,018,382
6,212,239
16,806,143
0
16,806,143
16,806,143
100
78
22
14
8
0
0
0
0
8
2
6
0
6
6
100
78
22
13
8
0
0
0
0
9
2
6
0
6
0
6
261,797,921
00
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. STATEMENTS OF INCOME
STOCK EXCHANGE CODE:
(Thousand Pesos)
BREAKDOWN OF MAIN CONCEPTS
YEAR:QUARTER:
CONSOLIDATED
Final Printing
201004WALMEX
AUDITED INFORMATION
CURRENT YEARREF R
Amount %CONCEPTS
PREVIOUS YEAR
Amount %
r01
r21
r22
r24
r26
r42
r45
r46
r28
r34
r35
r25
r06
r10
r32
r33
r23
FOREIGN
INTEREST EXPENSE
DOMESTIC
GAIN (LOSS) ON RESTATEMENT OF UDIS
INTEREST INCOME
OTHER FINANCE COSTS
OTHER FINANCIAL PRODUCTS
RESULT FROM MONETARY POSITION
EMPLOYEES PROFIT SHARING EXPENSES
DEFERRED EMPLOYEES PROFIT SHARING
FOREIGN EXCHANGE GAIN (LOSS) (NET)
NET SALES
COMPREHENSIVE FINANCING RESULT
DEFERRED INCOME TAX
INCOME TAX
INCOME TAXES
TRANSLATED INTO DOLLARS (***)
(***) FIGURES IN THOUSANDS OF U.S. DOLLARS AT THE EXCHANGE RATE AS OF THE END OF THE LAST REPORTED QUARTER
r08 OTHER INCOME AND (EXPENSE), NET
r49 OTHER INCOME AND (EXPENSE), NET
335,857,397
296,669,01839,188,379
3,170,504
125,828
182,730
56,902
0
459,934
11,496
0
785,865
1,137,351
0
61,341
58,603
8,065,759
7,722,616343,143
270,451,151
270,451,1510
0
87,793
136,535
48,742
0
662,090
0
0
261,082
933,805
0
-10,633
0
6,212,239
6,252,431-40,192
100
8812
1
100
145
45
0
100
2
0
171
247
0
13
13
100
964
100
1000
0
100
156
56
0
100
0
0
39
141
0
-2
0
100
1010
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. STATEMENTS OF INCOME
STOCK EXCHANGE CODE:
(Thousand Pesos)
OTHER CONCEPTS
YEAR:QUARTER:
CONSOLIDATED
Final Printing
201004WALMEX
AUDITED INFORMATION
PREVIOUS YEARCURRENT YEARREF R
Amount AmountCONCEPTS
r40
r36r37r38r39
r41
r47
NET SALES (**)TAX RESULT FOR THE YEAR
NET INCOME OF PARTICIPATION CONTROLADORA(**)
OPERATING INCOME (**)
NET CONSOLIDATED INCOME (**)
OPERATIVE DEPRECIATION AND ACCUMULATED
TOTAL SALES
(**) RESTATED INFORMATION OF THE LAST TWELVE MONTHS
10
335,857,39727,044,474
19,550,424
19,564,477
6,249,058
10
270,451,15122,268,499
16,806,143
16,806,143
4,646,212
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. QUARTERLY STATEMENTS OF INCOME
STOCK EXCHANGE CODE:
(Thousand Pesos)
YEAR:QUARTER:
FROM OCTOBER1 TO DECEMBER 31 OF 2010CONSOLIDATED
Final Printing
201004WALMEX
AUDITED INFORMATION
PREVIOUS YEAR
%Amount%Amount
CURRENT YEARCONCEPTSREF
RT
rt01
rt02
rt03
rt04
rt06
rt05
rt08
rt09
rt10
rt11
rt12
rt14
rt19
rt18
rt20
rt48
GROSS PROFIT
GENERAL EXPENSES
COST OF SALES
COMPREHENSIVE FINANCING RESULT
INCOME (LOSS) FROM OPERATION
OTHER INCOME AND (EXPENSE), NET
INCOME BEFORE INCOME TAXES
INCOME TAXES
INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS
EQUITY IN NET INCOME OF NON-CONSOLIDATEDSUBSIDIARIES, JOINT VENTURES AND ASSOCIATES
DISCONTINUED OPERATIONS
NET CONSOLIDATED INCOME
NET INCOME OF PARTICIPATION NOT CONTROLADORA
NET INCOME OF PARTICIPATION CONTROLADORA
NON ORDINARY ITEMS
NET SALES 100,295,493
77,624,710
22,670,783
13,512,467
9,158,316
-64,923
-31,217
0
0
9,062,176
2,516,047
6,546,129
0
6,546,129
5,859
6,540,270
80,305,243
62,591,292
17,713,951
10,394,324
7,319,627
110,632
212,688
0
0
7,642,947
1,907,117
5,735,830
0
5,735,830
0
5,735,830
100
77
23
13
9
0
0
0
0
9
3
7
0
7
0
7
100
78
22
13
9
0
0
0
0
10
2
7
0
7
0
7
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. QUARTERLY STATEMENTS OF INCOME
STOCK EXCHANGE CODE:
(Thousand Pesos)
BREAKDOWN OF MAIN CONCEPTS
YEAR:QUARTER:
CONSOLIDATED
Final Printing
201004WALMEX
AUDITED INFORMATION
PREVIOUS YEARCURRENT YEARREFRT
Amount %Amount %CONCEPTS
rt0
rt21
rt22
rt24
rt26
rt42
rt45
rt46
rt28
rt34
rt35
rt25
rt06
rt10
rt32
rt33
rt23
FOREIGN
INTEREST EXPENSE
DOMESTIC
GAIN (LOSS) ON RESTATEMENT OF UDIS
INTEREST INCOME
OTHER FINANCE COSTS
OTHER FINANCIAL PRODUCTS
RESULT FROM MONETARY POSITION
EMPLOYEES PROFIT SHARING EXPENSES
DEFERRED EMPLOYEES PROFIT SHARING
FOREIGN EXCHANGE GAIN (LOSS) (NET)
NET SALES
COMPREHENSIVE FINANCING RESULT
DEFERRED INCOME TAX
INCOME TAX
INCOME TAXES
TRANSLATED INTO DOLLARS (***)
(***) FIGURES IN THOUSANDS OF U.S. DOLLARS AT THE EXCHANGE RATE AS OF THE END OF THE LAST REPORTED QUARTER
rt08 OTHER INCOME AND (EXPENSE), NET
rt49 OTHER INCOME AND (EXPENSE), NET
100,295,493
87,422,32712,873,166
1,041,493
-64,923
-46,469
18,454
0
-31,217
11,496
0
458,696
377,812
0
25,134
36,029
2,516,047
2,245,118270,929
80,305,243
80,305,2430
0
110,632
129,234
18,602
0
212,688
0
0
73,189
253,631
0
32,246
0
1,907,117
1,682,644224,473
100
8713
1
100
72
-28
0
100
-37
0
-1469
-1210
0
-81
-115
100
8911
100
1000
0
100
117
17
0
100
0
0
34
119
0
15
0
100
8812
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. QUARTERLY STATEMENTS OF INCOME
STOCK EXCHANGE CODE:
(Thousand Pesos)
OTHER CONCEPTS
YEAR:QUARTER: 201004
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
PREVIOUS YEARREFRT CONCEPTS
Amount
CURRENT YEAR
Amount
rt47 OPERATIVE DEPRECIATION AND ACCUMULATEDIMPAIRMENT LOSSES
1,801,317 1,227,319
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. STATE OF CASH FLOW (INDIRECT METHOD)
STOCK EXCHANGE CODE:
(Thousand Pesos)
MAIN CONCEPTS
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
REF FCURRENT YEAR
AmountCONCEPTS
PREVIOUS YEAR
Amount
ACTIVITIES OF OPERATIONe01 INCOME (LOSS) BEFORE INCOME TAXES 27,630,236 23,018,382
+ (-)ITEMS NOT REQUIRING CASHe02 0 0+ (-)ITEMS RELATED TO INVESTING ACTIVITIESe03 6,954,694 5,045,550+ (-)ITEMS RELATED TO FINANCING ACTIVITIESe04 797,361 261,082CASH FLOW BEFORE INCOME TAXe05
e06 CASH FLOWPROVIDED OR USED IN OPERATIONNET CASH FLOWS PROVIDED OF OPERATING ACTIVITIESe07
35,382,291-6,516,35928,865,932 26,317,099
-2,007,91528,325,014
INVESTMENT ACTIVITIESe08 NET CASH FLOW FROM INVESTING ACTIVITIES -13,570,712 -10,108,066
e09 FINANCING ACTIVITIES 15,295,220 16,209,033
e10
e11
e12e13e14 CASH AND CASH EQUIVALENTS AT END OF PERIOD
CASH AND CASH EQUIVALENTS AT THE BEGINING OF PERIODTRANSLATION DIFFERENCES IN CASH AND CASH EQUIVALENTS
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
NET CASH FROM FINANCING ACTIVITIESFINANCING ACTIVITIES
-10,039,632
5,255,588
-77,25419,482,71624,661,050 19,482,716
11,349,798-22,480
8,155,398
-8,053,635
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V. STATE OF CASH FLOW (INDIRECT METHOD)
STOCK EXCHANGE CODE:
(Thousand Pesos)
BREAKDOWN OF MAIN CONCEPTS
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
REF FCURRENT YEAR
AmountCONCEPTS
PREVIOUS YEAR
Amount
* IN CASE THAT THIS AMOUNT IS DIFFERENT FROM THE R47 ACCOUNT IT WILL HAVE TO EXPLAIN IN NOTES.
e02 + (-)ITEMS NOT REQUIRING CASH 0 000+ESTIMATES FOR THE PERIODe15
e16 +PROVISIONS FOR THE PERIODe17 + (-)OTHER UNREALIZED ITEMS
00 0
0
e03 + (-)ITEMS RELATED TO INVESTING ACTIVITIESe18 + DEPRECIATION AND AMORTIZATION FOR THE PERIODe19 (-) +GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND EQUIPMENT
6,954,6946,249,058
456,736 193,3844,646,2125,045,550
e20 +IMPAIRMENT LOSS 0 00000
00(-) +EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES
(-)DIVIDENDS RECEIVED(-)INTEREST INCOMEe23
e22e21
e24 (-)+ OTHER ITEMS 248,900 205,954
e04 + (-)ITEMS RELATED TO FINANCING ACTIVITIES 797,361 261,082e25e26
+ACCRUED INTEREST+ (-) OTHER ITEMS
797,3610
261,0820
e06 CASH FLOWPROVIDED OR USED IN OPERATION -6,516,359 -2,007,915
e32e31e30
e29
e28e27
+ (-) INCOME TAXES PAID OR RETURNED+ (-)INCREASE (DECREASE) IN OTHER LIABILITIES+ (-)INCREASE (DECREASE) IN SUPPLIERS
+ (-)DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE
+ (-)DECREASE (INCREASE) IN INVENTORIES+ (-)DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE
-8,113,1731,955,3664,042,884
-165,954
-3,400,029-835,453
-4,521,730803,320
3,372,458
-171,389
288,259-1,778,833
e08 NET CASH FLOW FROM INVESTING ACTIVITIES -13,570,712 -10,108,066
e38e37e36e35e34e33
+DISPOSITION OF INTANGIBLE ASSETS-INVESTMENT IN INTANGIBLE ASSETS+SALE OF PROPERTY, PLANT AND EQUIPMENT-INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT+DISPOSITION OF PERMANENT INVESTMENT IN SHARES-PERMANENT INVESTMENT IN SHARES
00
127,139-13,129,968
0117,363
00
122,392-9,734,557
00
e44e43e42e41e40e39
+ (-)OTHER ITEMS+ (-)DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS+INTEREST RECEIVED+ DIVIDEND RECEIVED+DISPOSITION OF OTHER PERMANENT INVESTMENTS-OTHER PERMANENT INVESTMENTS
-685,24600000
-495,90100000
e10 NET CASH FROM FINANCING ACTIVITIES -10,039,632 -8,053,635
e50e49e48e47e46e45
(-)OTHER FINANCING AMORTIZATION(-)STOCK MARKET FINANCING AMORTIZATION(-)BANK FINANCING AMORTIZATION+OTHER FINANCING+STOCK MARKET FINANCING+BANK FINANCING
-818,8310
-5,615000
-504,86000000
e56e55e54e53e52e51
-REPURCHASE OF SHARES-INTEREST EXPENSE+CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES+PREMIUM ON ISSUANCE OF SHARES(-)DIVIDENDS PAID+ (-)INCREASE (DECREASE) IN CAPITAL STOCK
-3,471,958000
-5,743,2280
-2,509,032000
-5,039,7430
00+ (-)OTHER ITEMSe57
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V.STATUS OF CHANGES IN STOCKHOLDERS'
EQUITY
STOCK EXCHANGE CODE: YEAR:QUARTER: 201004
Final Printing
CONSOLIDATED
WALMEX
AUDITED INFORMATION
STOCKHOLDERS EQUITY
ACCUMULATED (LOSSES) EARNINGS ORCONCEPTS
EARNED CAPITALACCUMULATED COMPREHENSIVE
RESULTCAPITALSTOCK
PREMIUM ONISSUANCE OF
SHARES
CONTRIBUTED CAPITAL
MINORITYINVESTMENTMAJORITY
INTERESTRESERVES EARNINGS (LOSSES) TOAPPLY
RETAM AND ISRDEFFERED
OTHERCOMPREHENSIVE
RESULT
CONSTITUTION OF RESERVES
APPLICATION OF THE RESULT OF THEEXERCISE TO ACCUMULATED RESULTS
DECREED DIVIDENDS
REPURCHASE OF SHARES
RESERVE FOR THE ACQUISITION OF SHARES
(DECREASE) INCREASE CAPITAL
(DECREASE) INCREASE IN PREMIUM ONISSUANCE OF SHARES
DECREASE) INCREASE IN MINORITYINVESTMENT
COMPREHENSIVE INCOME (*)
0
0
0
0
-163,385
0
0
0
0
0
0
0
0
0
0
-289,947
0
0
0
297,151
0
0
0
0
0
0
0
-73,357
-297,151
-5,039,743
0
-2,345,647
0
0
0
16,806,143
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-22,480
-73,357
0
-5,039,743
0
-2,509,032
0
-289,947
0
16,783,663
0
0
0
0
0
0
0
0
0
-73,357
0
-5,039,743
0
-2,509,032
0
-289,947
0
16,783,663
BALANCE AT 31 DECEMBER OF 2009 23,427,611 -1,561,225 4,718,199 56,585,673 0 -22,480 83,147,778 0 83,147,778
RECLASSIFICATION INITIAL BALANCESRESULT FOR HOLDING OF MONETARYASSETS AND DEFERRED TAX ON INCOME
APPLICATION OF THE RESULT OF THEEXERCISE TO ACCUMULATED RESULTS
CONSTITUTION OF RESERVES
DECREED DIVIDENDS
(DECREASE) INCREASE CAPITAL
REPURCHASE OF SHARES
RESERVE FOR THE ACQUISITION OF SHARES
(DECREASE) INCREASE IN PREMIUM ONISSUANCE OF SHARES
DECREASE) INCREASE IN MINORITYINVESTMENT
COMPREHENSIVE INCOME (*)
BALANCE AT 31 DECEMBER OF 2010 52,161,256
0
0
0
0
-274,972
29,008,617
0
0
0
0 0
0
0
0
0
0
0
-436,346
0
0
-1,997,571 4,718,199
0
0
0
0
0
0
0
0
0
0 0
0
0
-5,743,228
0
-3,196,986
0
0
-16,932
19,550,424
67,178,951 0
0
0
0
0
0
0
0
0
0
0 0
0
0
0
0
0
0
0
0
492,698
470,218 122,531,053
20,043,122
-16,932
-436,346
0
-3,471,958
29,008,617
-5,743,228
0
0
0 0
0
0
0
0
0
0
0
328,557
0
328,557 122,859,610
20,043,122
311,625
-436,346
0
-3,471,958
29,008,617
-5,743,228
0
0
0
(*) INCLUDES EARNED AND RECYCLED
BALANCE AT 31 DECEMBER OF 2008 23,590,996 -1,271,278 4,421,048 47,535,428 0 0 74,276,194 0 74,276,194
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V.
DATA PER SHARE
STOCK EXCHANGE CODE: YEAR:QUARTER: 201004
Final Printing
CONSOLIDATED
WALMEX
AUDITED INFORMATION
PREVIOUS YEAR
AMOUNTREF D
CURRENT YEAR
AMOUNTCONCEPTS
d01
d02
d03
d04
d05
d08
d09
d10
d11
d13
d12
DILUTED PROFIT PER ORDINARY SHARE (**)
EARNINGS (LOSS) BEFORE DISCONTINUED OPERATIONSPER COMMON SHARE (**)
BASIC PROFIT PER PREFERRED SHARE (**)
DISCONTINUED OPERATIONS EFFECT ON EARNING(LOSS) PER SHARE (**)
CARRYNG VALUE PER SHARE
CASH DIVIDEND ACCUMULATED PER SHARE
DIVIDEND IN SHARES PER SHARE
MARKET PRICE TO CARRYING VALUE
MARKET PRICE TO BASIC PROFIT PER PREFERENTSHARE (**)
BASIC PROFIT PER ORDINARY SHARE (**)
MARKET PRICE TO BASIC PROFIT PER ORDINARY SHARE(**)
(**) TO CALCULATE THE DATA PER SHARE USE THE NET INCOME FOR THE LAST TWELVE MONTHS.
shares
times
times
times
shares
times
times
times
6.87
0.00
0.00
0.00
1.11
1.11
0.35
0.00
5.16
32.07
0.00
1.00
0.00
0.00
1.00
0.00
4.96
0.31
0.00
5.91
29.36
0.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
MEXICAN STOCK EXCHANGE
WAL - MART DE MEXICO, S.A.B. DE C.V.
RATIOS
STOCK EXCHANGE CODE: YEAR:QUARTER: 201004
Final Printing
CONSOLIDATED
WALMEX
AUDITED INFORMATION
9.02
p01
p02
p03
p05
p06
p04
p07
p08
p09
p10
p12
p11
NET CONSOLIDATED INCOME TO STOCKHOLDERS EQUITY (**)
NET INCOME TO TOTAL ASSETS (**)
NET CONSOLIDATED INCOME TO NET SALES
NET SALES TO NET ASSETS (**)
RESULT FROM MONETARY POSITION TO NET CONSOLIDATEDINCOME
CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME
NET SALES TO PROPERTY, PLANT AND EQUIPMENT (NET) (**)
INVENTORIES TURNOVER (**)
ACCOUNTS RECEIVABLE IN DAYS OF SALES
PAID INTEREST TO TOTAL LIABILITIES WITH COST (**)
TOTAL LIABILITIES TO STOCKHOLDERS EQUITY
YIELD
TOTAL LIABILITIES TO TOTAL ASSETS
(**) IN THESE RATIOS FOR THE DATA TAKE INTO CONSIDERATION THE LAST TWELVE MONTHS.
ACTIVITY
LEVERAGE
p13
p14p16
p17
p15
p18
p19
p20
FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIESLONG-TERM LIABILITIES TO PROPERTY, PLANT ANDEQUIPMENT (NET)
CURRENT ASSETS TO CURRENT LIABILITIES
NET SALES TO TOTAL LIABILITIES (**)
INCOME (LOSS) AFTER GENERAL EXPENSES TO INTERESTPAID
CURRENT ASSETS LESS INVENTORY TO CURRENTLIABILITIES
CURRENT ASSETS TO TOTAL LIABILITIES
CASH AND SHORT-TERM INVESTMENTS TO CURRENTLIABILITIES
LIQUIDITY
%
%
%
%
times
%
times
times
days
%
times
%
%
%
times
times
times
times
times
%
%
%
%
%
times
%
times
times
days
%
times%
%
%
times
times
times
times
times
%
5.83
15.92
10.04
34.17
0.30
1.72
3.28
3
0.10
36.93
0.59
20.52
13.23
2,352.51
4.67
1.21
0.64
0.85
48.62
6.21
20.21
12.62
34.35
0.00
2.03
3.19
9.41
3
0.00
37.550.60
3.09
5.24
0.00
5.41
1.21
0.64
0.97
48.81
CURRENT YEARCONCEPTSREF P PREVIOUS YEAR
p14
MEXICAN STOCK EXCHANGE
MANAGEMENTÆS DISCUSSION AND ANALYSIS OFFINANCIAL CONDITION AND RESULTS OF
OPERATIONS
STOCK EXCHANGE CODE:
1
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DEC.V.
AUDITED INFORMATION
PAGE 1/
TOTAL WALMEX SALES FOR THE YEAR AMOUNTED TO $334,511 MILLION PESOS, $65,114 MILLIONPESOS MORE THAN THE PREVIOUS YEAR, THUS REPRESENTING 24.2% INCREASE IN TOTAL SALES AND3.2% IN COMP STORES.
THE DAILY AVERAGE CUSTOMER COUNT THIS YEAR AMOUNTED TO 4.4 MILLION; THIS INCLUDESSTORES, CLUBS AND RESTAURANTS.
GROSS MARGIN WAS 22.1%, 40 BASIS POINTS HIGHER THAN 2009. IN MONETARY TERMS, GROSSPROFIT WAS 26% HIGHER THAN LAST YEAR.
GENERAL EXPENSES INCREASED 29%. THIS WAS MAINLY DUE TO THE INCORPORATION OF WALMARTCENTROAMÉRICA AND, IN MEXICO, BECAUSE OF THE INCREASE IN ENERGY RATES AND DEPRECIATION.
THE INCORPORATION OF WALMART CENTROAMÉRICA IN OUR RESULTS REDUCES OPERATING INCOME ANDEBITDA AS A PERCENTAGE OF SALES BECAUSE BOTH METRICS HAVE A LOWER LEVEL IN THAT REGION.HOWEVER, THIS INCORPORATION HAS A POSITIVE EFFECT IN TERMS OF GROWTH AS OPERATINGINCOME GREW 21%, AND EBITDA 24%.
NET CONSOLIDATED INCOME AMOUNTED TO $19,550 MILLION PESOS, A 16% GROWTH OVER THEPREVIOUS YEAR.
THROUGHOUT THE YEAR WE OPENED 297 UNITS, 267 IN MEXICO AND 30 IN CENTRAL AMERICA. INMEXICO WE OPENED 38 BODEGAS AURRERÁ, 35 MI BODEGAS AURRERÁ, 147 BODEGAS AURRERÁEXPRESS, 20 WALMART, 10 SAM’S CLUB, 6 SUPERAMAS, 4 SUBURBIA STORES AND 7 RESTAURANTS.IN CENTRAL AMERICA WE OPENED 24 DISCOUNT STORES, 4 BODEGAS AND 2 SUPERMARKETS. WITHTHESE OPENINGS WE CLOSED THE YEAR WITH 2,279 UNITS (1,730 IN MEXICO AND 549 IN CENTRALAMERICA). WORTHY OF NOTE IS THE FACT THAT OUR INSTALLED CAPACITY GREW 11.4% IN MEXICOAND 3.7% IN CENTRAL AMERICA. FURTHERMORE, WE ARE NOW PRESENT IN 384 CITIES IN THE 6COUNTRIES WHERE WE OPERATE.
AS OF DECEMBER 31, 2010, CASH POSITION FOR THE COMPANY AMOUNTED TO $24,661 MILLIONPESOS, $5,178 MILLION PESOS MORE THAN AS OF THE END OF DECEMBER 2009, REGARDLESS HAVINGINVESTED DURING THE YEAR $13,130 MILLION PESOS IN FIXED ASSETS, REPURCHASED 112.1MILLION SHARES FOR AN AMOUNT OF $3,472 MILLION PESOS AND PAID DIVIDENDS FOR $5,743MILLION PESOS.
FOR THE COMPANY, HAVING THE HIGHEST REGULATION STANDARDS AND THE PROPER CONTROLENVIRONMENT IS FUNDAMENTAL TO MEETING ITS OBJECTIVES.
THE EXISTING INTERNAL CONTROLS ARE ORIENTED TOWARDS GUARANTEEING THE ASSET SECURITY,COMPLIANCE WITH ESTABLISHED POLICIES, THE ACCURATE RECORDING OF OPERATIONS, RELIABLEAND TIMELY FINANCIAL DATA, AS WELL AS THE PREVENTION, IDENTIFICATION AND DETECTION OFFRAUD.
WE HAVE AN AREA DEVOTED TO ETHICS AND REGULATORY COMPLIANCE, WHICH IS IN CHARGE OFDISSEMINATING AND PROMOTING OUR POLICIES ON ETHICAL BEHAVIOR, CORPORATE GOVERNANCE ANDSTRICT COMPLIANCE WITH ANY AND ALL LEGAL PROVISIONS TO WHICH WE ARE SUBJECT.
MEXICO CITY, FEBRUARY 21, 2011
SCOT RANK
PRESIDENT & CEO
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 1 / 17
NOTE 1 – NEW FINANCIAL REPORTING STANDARDS:
ON DECEMBER 18, 2009, THE MEXICAN FINANCIAL REPORTING STANDARDS RESEARCH ANDDEVELOPMENT BOARD (CONSEJO MEXICANO PARA LA INVESTIGACIÓN Y DESARROLLO DE NORMAS DEINFORMACIÓN FINANCIERA, A.C. OR CINIF) ISSUED MEXICAN FINANCIAL REPORTING STANDARDS(MEXICAN FRS) B-16, FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANIZATIONS; MEXICAN FRSC-1, CASH AND CASH EQUIVALENTS; AND MEXICAN FRS E-2, DONATIONS RECEIVED OR MADE BY NOT-FOR-PROFIT ORGANIZATIONS, ALL OF WHICH CAME INTO FORCE AS OF JANUARY 1, 2010. THE CINIFALSO ISSUED MEXICAN FRS B-5, FINANCIAL INFORMATION BY SEGMENT, AND MEXICAN FRS B-9,INTERIM FINANCIAL INFORMATION, WHICH WILL BECOME EFFECTIVE AS OF JANUARY 1, 2011. THEADOPTION OF THESE NEW MEXICAN FRS HAVE NO MATERIAL EFFECT ON THE COMPANY'S FINANCIALSTATEMENTS.
ON AUGUST 31, 2010, THE CINIF ISSUED THE INTERPRETATION TO MEXICAN FRS-19, CHANGESRESULTING FROM THE ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS),WHICH BECAME EFFECTIVE AS OF SEPTEMBER 30, 2010 AND REQUIRES ENTITIES TO DISCLOSE THEIRPROGRESS IN TRANSITIONING TO IFRS. SINCE THE COMPANY IS A PUBLIC COMPANY THAT IS LISTEDIN THE MEXICAN STOCK EXCHANGE, IT MUST BEGIN TO PREPARE AND FILE FINANCIAL INFORMATIONUNDER IFRS AS OF 2012. AT DATE, THE FINANCIAL STATEMENT CAPTIONS EXPECTED TO BEAFFECTED BY THIS REQUIREMENT ARE: INVENTORIES, PROPERTY AND EQUIPMENT, DEFERRED TAXES,LABOR OBLIGATIONS AND SHAREHOLDERS’ EQUITY. THE COMPANY IS IN THE PROCESS OFQUANTIFYING THESE EFFECTS ON THE FINANCIAL STATEMENTS.
NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES:
THE SIGNIFICANT ACCOUNTING POLICIES OBSERVED BY THE COMPANY IN THE PREPARATION OF THECONSOLIDATED FINANCIAL STATEMENTS, IN CONFORMITY WITH THE MEXICAN FRS ISSUED BY THECINIF, ARE DESCRIBED BELOW. MEXICAN FRS ARE UNDERSTOOD TO ENCOMPASS THE NEW STANDARDSISSUED BY THE CINIF AND THE BULLETINS ISSUED BY THE ACCOUNTING PRINCIPLES BOARD OF THEMEXICAN INSTITUTE OF PUBLIC ACCOUNTANTS THAT HAVE NOT BEEN MODIFIED, REPLACED ORABOLISHED BY MEXICAN FRS AND THAT WERE TRANSFERRED TO THE CINIF. AS SUCH, ANY OF THEDOCUMENTS COMPRISING MEXICAN FRS WILL HEREINAFTER BE REFERRED TO BY THEIR ORIGINAL NAMEOR RATHER, EITHER AS “MEXICAN FRS” OR AS “ACCOUNTING BULLETIN”, AS THE CASE MAY BE.
A. THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE STATEMENTS OF WALMEXAND THOSE OF ITS SUBSIDIARIES IN MEXICO AND ABROAD, AND ARE PREPARED FOR THE SAMEACCOUNTING PERIOD. ALL RELATED PARTY BALANCES AND TRANSACTIONS HAVE BEEN ELIMINATED INTHE CONSOLIDATION, IN CONFORMITY WITH MEXICAN FRS B-8, CONSOLIDATED AND COMBINEDFINANCIAL STATEMENTS.
NONCONTROLLING INTEREST REPRESENTS THE EQUITY INTEREST IN THE NET ASSETS OF THESUBSIDIARY NOT HELD BY THE CONTROLLING COMPANY. NONCONTROLLING INTEREST IS SHOWNSEPARATE FROM THE SHAREHOLDER´S EQUITY.
B. WALMEX PREPARES ITS FINANCIAL INFORMATION IN CONFORMITY WITH MEXICAN FRS B-10,EFFECTS OF INFLATION, BASED ON THE ECONOMIC ENVIRONMENTS (ACCUMULATED RATES OFINFLATION) DURING THE PRIOR THREE YEARS OF THE COUNTRIES IN WHICH IT OPERATES.ACCORDINGLY, SINCE EL SALVADOR (10.4%), MEXICO (14.5%), GUATEMALA (18.6%) AND HONDURAS(24.3%) HAVE NON-INFLATIONARY ENVIRONMENT, AS SO DEFINED IN MEXICAN FRS B-10, THEIRFINANCIAL INFORMATION IS PRESENTED IN THOUSANDS OF NOMINAL PESOS. HOWEVER, THEFINANCIAL INFORMATION FOR COSTA RICA (31.3%) AND NICARAGUA (34.2%) INCLUDES THE EFFECTSOF INFLATION OF SUCH COUNTRIES USING THE COMPREHENSIVE INFLATION RECOGNITION METHOD SETFORTH IN MEXICAN FRS B-10.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 2 / 17
IN MEXICO, BEGINNING JANUARY 1ST, 2008, WALMEX STOPPED TO RECOGNIZE THE EFFECTS OFINFLATION ON ITS FINANCIAL INFORMATION AND THUS, THE DATE THROUGH WHICH THE COMPANY'SFINANCIAL INFORMATION WAS RESTATED FOR INFLATION IS DECEMBER 31, 2007.
C. IN ORDER TO PROVIDE A BETTER UNDERSTANDING OF THE COMPANY’S BUSINESS PERFORMANCE,THE CONSOLIDATED STATEMENTS OF INCOME WERE PREPARED ON A FUNCTIONAL BASIS, WHICH ALLOWSFOR THE DISCLOSURE OF THE COST OF SALES SEPARATELY FROM OTHER COSTS AND EXPENSES, ANDOF OPERATING INCOME AS WELL, AS ESTABLISHED UNDER MEXICAN FRS B-3, STATEMENTS OFINCOME.
D. THE WALMART BANK’S FINANCIAL STATEMENTS, WHICH ARE INCLUDED IN THE COMPANY’SCONSOLIDATED FINANCIAL STATEMENTS, WERE PREPARED BASED ON THE ACCOUNTING CRITERIAESTABLISHED BY THE NATIONAL BANKING AND SECURITIES COMMISSION (CNBV), AS ISSUED AS PARTOF THE GENERAL PROVISIONS FOR CREDIT INSTITUTIONS, WHICH CONSIDER THE GUIDELINES OFMEXICAN FRS. AT DATE, THERE ARE NO SIGNIFICANT DIFFERENCES BETWEEN THESE TWO SETS OFSTANDARDS.
ALSO, BEFORE THE FINANCIAL STATEMENTS OF WALMART CENTRAL AMERICA ARE CONSOLIDATED, THEYARE ADJUSTED TO CONFORM TO MEXICAN FRS AND TRANSLATED TO MEXICAN PESOS IN CONFORMITYWITH MEXICAN FRS B-15, FOREIGN CURRENCY TRANSLATION.
E. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH MEXICAN FRS REQUIRES THEUSE OF ESTIMATES IN SOME ITEMS. ACTUAL RESULTS MIGHT DIFFER FROM THESE ESTIMATES.
F. CASH AND CASH EQUIVALENTS CONSIST BASICALLY OF BANK DEPOSITS AND HIGHLY LIQUIDINVESTMENTS. SUCH INVESTMENTS ARE STATED AT ACQUISITION COST PLUS ACCRUED INTEREST, NOTIN EXCESS OF MARKET VALUE.
WALMART BANK MAKES THE MONETARY REGULATION DEPOSITS REQUIRED BY BANCO DE MÉXICO, THEAMOUNTS OF WHICH ARE DETERMINED BASED ON TRADITIONAL DEPOSITS IN MEXICAN PESOS.
THE COMPANY HAS NO TRANSACTIONS WITH DERIVATIVE FINANCIAL INSTRUMENTS.
G. THE BALANCE OF THE WALMART BANK’S RECEIVABLES PORTFOLIO IS REPRESENTED BY AMOUNTSACTUALLY GIVEN TO BORROWERS, PLUS UNCOLLECTED EARNED INTEREST. THE PREVENTIVE ALLOWANCEFOR CREDIT RISKS IS PRESENTED NET OF THE PORTFOLIO BALANCES.
H. WALMEX RECOGNIZES BAD DEBT RESERVES AT THE TIME THE LEGAL COLLECTION PROCESS BEGINSIN CONFORMITY WITH ITS INTERNAL PROCEDURES.
I. INVENTORIES ARE STATED AT AVERAGE COST, DETERMINED LARGELY USING THE RETAIL METHOD,NOT IN EXCESS OF MARKET VALUE.
INVENTORY PERTAINING TO AGRO-INDUSTRIAL DEVELOPMENT OF GRAINS, EDIBLES AND MEAT ISVALUED USING THE AVERAGE-COST METHOD.
THE BUYING ALLOWANCES ARE CHARGED TO THE RESULTS OF OPERATIONS BASED ON THE TURNOVER OFINVENTORIES THAT GAVE RISE TO THEM.
J. PROPERTY AND EQUIPMENT ARE INITIALLY RECORDED AT ACQUISITION COST. IN COSTA RICA ANDNICARAGUA ARE COMPREHENSIVELY RESTATED BASED ON THE PRICE INDEX OF EACH COUNTRY.
FIXED ASSET DEPRECIATION IS COMPUTED USING THE STRAIGHT-LINE METHOD, AT ANNUAL RATESRANGING FROM 2.5% TO 33%.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 3 / 17
K. THE COMPANY CLASSIFIES ITS OPERATING AND CAPITAL LEASES FOR THE RENTAL OF PROPERTYFOLLOWING THE GUIDELINES ESTABLISHED IN ACCOUNTING BULLETIN D-5, LEASES.
L. BASED ON THE GUIDELINES OF MEXICAN ACCOUNTING BULLETIN C-15, IMPAIRMENT IN THE VALUEOF LONG-LIVED ASSETS AND DISPOSAL OF SUCH IS RECOGNIZED BY APPLYING THE EXPECTEDPRESENT VALUE METHOD TO DETERMINE VALUE IN USE, CONSIDERING EACH STORE OR RESTAURANT ASTHE MINIMUM CASH GENERATING UNIT.
M. GOODWILL REPRESENTS THE EXCESS COST OF THE ACQUISITION OF THE SHARES OVER THE TOTALFAIR VALUE OF THE NET ASSETS OF WALMART CENTRAL AMERICA AT THE DATE OF ACQUISITION ANDTHE FAIR VALUE OF THE NONCONTROLLING INTEREST, AS DETERMINED IN CONFORMITY WITH THEGUIDELINES OF MEXICAN FRS B-7, BUSINESS ACQUISITIONS. GOODWILL IS NOT AMORTIZED, BUTIS EVALUATED FOR IMPAIRMENT TESTS AT LEAST ONCE A YEAR IN CONFORMITY WITH THEGUIDELINES OF MEXICAN ACCOUNTING BULLETIN C-15.
N. FOREIGN CURRENCY DENOMINATED MONETARY ASSETS AND LIABILITIES ARE TRANSLATED TOMEXICAN PESOS AT THE PREVAILING EXCHANGE RATE AS OF THE BALANCE SHEET DATE. EXCHANGEDIFFERENCES DETERMINED ARE CHARGED OR CREDITED TO INCOME AND ARE PRESENTED AS PART OFCOMPREHENSIVE FINANCING RESULT, AS REQUIRED BY MEXICAN FRS B-15, FOREIGN CURRENCYTRANSLATION.
THE FINANCIAL STATEMENTS OF SUBSIDIARIES ABROAD ARE TRANSLATED FROM THE LOCAL CURRENCYINTO MEXICAN PESOS USING AVERAGE EXCHANGE RATE FOR INCOME STATEMENTS AND THE YEAR-ENDEXCHANGE RATE FOR BALANCE SHEETS. THE CUMULATIVE TRANSLATION ADJUSTMENT IS THE EFFECTOF TRANSLATING THE FINANCIAL STATEMENTS OF THE COMPANY’S FOREIGN SUBSIDIARIES INTOMEXICAN PESOS. THIS ITEM IS RECORDED DIRECTLY IN SHAREHOLDERS’ EQUITY.
O. LIABILITIES FOR TRADITIONAL DEPOSITS OF THE WALMART BANK ARE COMPRISED OF DEMANDDEPOSITS IN DEBIT CARD ACCOUNTS. THESE LIABILITIES ARE RECORDED AT EITHER DEPOSIT ORPLACEMENT COST, PLUS ACCRUED INTEREST.
P. LIABILITY PROVISIONS ARE RECOGNIZED WHENEVER THE COMPANY HAS CURRENT OBLIGATIONS(LEGAL OR ASSUMED) DERIVED FROM PAST EVENTS THAT CAN BE REASONABLY ESTIMATED AND THATWILL MOST LIKELY GIVE RISE TO A FUTURE CASH DISBURSEMENT FOR THEIR SETTLEMENT.
Q. DEFERRED INCOME TAX IS DETERMINED USING THE ASSET AND LIABILITY METHOD ESTABLISHEDIN MEXICAN FRS D-4, TAXES ON PROFITS. UNDER THIS METHOD, DEFERRED INCOME TAX ISRECOGNIZED ON ALL TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL REPORTING AND TAX BASISOF ASSETS AND LIABILITIES, APPLYING THE ENACTED INCOME TAX RATE OR THE FLAT-RATEBUSINESS TAX RATE EFFECTIVE AS OF THE BALANCE SHEET DATE, OR THE ENACTED RATE AT THEBALANCE SHEET DATE THAT WILL BE IN EFFECT WHEN THE DEFERRED TAX ASSETS AND LIABILITIESARE EXPECTED TO BE RECOVERED OR SETTLED.
DEFERRED TAX ASSETS ARE EVALUATED PERIODICALLY IN ORDER TO DETERMINE THEIRRECOVERABILITY.
R. IN CONFORMITY WITH THE LAWS OF EACH COUNTRY IN WHICH THE COMPANY OPERATES, THETERMINATION BENEFITS FOR DISMISSAL OR DEATH TO WHICH THE COMPANY’S EMPLOYEES AREENTITLED, ARE AS FOLLOWS:
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 4 / 17
MEXICO:
SENIORITY PREMIUMS ACCRUING TO EMPLOYEES UNDER THE MEXICAN LABOR LAW AND TERMINATIONPAYMENTS MADE AT THE END OF EMPLOYMENT, EXCEPT WHEN RESULTING FROM CORPORATERESTRUCTURING, ARE RECOGNIZED AS A COST OF THE YEARS IN WHICH SERVICES ARE RENDERED,BASED ON ACTUARIAL COMPUTATIONS MADE BY AN INDEPENDENT EXPERT, USING THE PROJECTEDUNIT-CREDIT METHOD, IN CONFORMITY WITH MEXICAN FRS D-3, EMPLOYEE BENEFITS.
ACTUARIAL GAINS AND LOSSES ARE AMORTIZED BASED ON THE EXPECTED REMAINING WORKING LIFEOF THE COMPANY’S EMPLOYEES.
ALL OTHER PAYMENTS ACCRUING TO EMPLOYEES OR THEIR BENEFICIARIES IN THE EVENT OFINVOLUNTARY RETIREMENT OR DEATH, IN TERMS OF THE MEXICAN LABOR LAW, ARE EXPENSED ASINCURRED.
CENTRAL AMERICA:
TERMINATION BENEFITS TO WHICH EMPLOYEES OF THE WALMART CENTRAL AMERICA COMPANIES AREENTITLED ACCORDING TO THE LABOR LAW APPLICABLE IN EACH COUNTRY ARE RECOGNIZED ASLIABILITIES BASED ON ACTUARIAL VALUATIONS CARRIED OUT BY INDEPENDENT EXPERTS.
IN GUATEMALA EMPLOYEES ARE ENTITLED TO TERMINATION BENEFITS AFTER WORKING THREE OR MOREYEARS IN THE COMPANY, EXCEPT IN THE CASE OF JUSTIFIED DISMISSALS.
IN EL SALVADOR AND HONDURAS EMPLOYEES ARE ENTITLED TO TERMINATION BENEFITS AFTERWORKING ONE OR MORE YEARS IN THE COMPANY, EXCEPT IN THE CASE OF JUSTIFIED DISMISSALS.
TERMINATION BENEFITS ARE PAID IN NICARAGUA IN CONFORMITY WITH THE LABOR LAW OF SUCHCOUNTRY. PAYOUTS VARY FROM ONE TO FIVE MONTHS OF SALARY OF THE PERIOD DURING WHICH THESERVICES WERE PROVIDED.
IN THE CASE OF THE COMPANIES IN COSTA RICA, TERMINATION BENEFITS ARE PAID TO EMPLOYEESBASED ON CURRENT CORPORATE POLICY AND IN CONFORMITY WITH THE LAWS OF SUCH COUNTRY.
S. EMPLOYEE PROFIT SHARING IS PRESENTED IN THE INCOME STATEMENT UNDER THE OTHER INCOMEAND (EXPENSE), NET CAPTION AND REPRESENTS A LIABILITY DUE AND PAYABLE IN LESS THAN ONEYEAR.
T. IN CONFORMITY WITH THE MEXICAN CORPORATIONS ACT, THE COMPANY IS REQUIRED TOAPPROPRIATE AT LEAST 5% OF THE NET CONSOLIDATED INCOME OF EACH YEAR TO INCREASE THELEGAL RESERVE. THIS PRACTICE MUST BE CONTINUED UNTIL THE LEGAL RESERVE REACHES 20% OFCAPITAL STOCK.
U. THE EMPLOYEE STOCK OPTION PLAN FUND IS COMPRISED OF WALMEX SHARES PRESENTED ATACQUISITION COST. THE PLAN IS DESIGNED TO GRANT STOCK OPTIONS TO EXECUTIVES OF THECOMPANIES IN THE GROUP, AS APPROVED BY THE CNBV.
ALL EMPLOYEE STOCK OPTIONS ARE GRANTED TO EXECUTIVES OF SUBSIDIARY COMPANIES AT A VALUETHAT IS NO LESS THAN THE MARKET VALUE ON THE DATE OF GRANT.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 5 / 17
IN ACCORDANCE WITH CURRENT POLICIES, WALMEX EXECUTIVES MAY EXERCISE THEIR OPTION TOACQUIRE THE SHARES IN EQUAL PARTS OVER FIVE YEARS. THE RIGHT TO EXERCISE AN EMPLOYEESTOCK OPTION EXPIRES IN A PERIOD OF TEN YEARS FROM THE DATE THE OPTION IS GRANTED, ORUP TO SIXTY DAYS FOLLOWING THE EXECUTIVE’S LABOR TERMINATION WITH THE COMPANY.
STOCK-BASED COMPENSATION IS DETERMINED USING THE BLACK-SCHOLES FINANCIAL VALUATIONTECHNIQUE, IN CONFORMITY WITH MEXICAN FRS D-8, SHARE-BASED PAYMENTS.
V. THE PREMIUM ON THE SALE OF SHARES REPRESENTS THE DIFFERENCE BETWEEN THE COST OF THESHARES, RESTATED THROUGH DECEMBER 31, 2007 BASED ON THE MEXICAN NATIONAL CONSUMER PRICEINDEX (NCPI), AND THE VALUE AT WHICH SUCH SHARES WERE ASSIGNED TO EXECUTIVES OFCOMPANIES IN THE GROUP, NET OF THE CORRESPONDING INCOME TAX.
W. THE COMPANY'S COMPREHENSIVE INCOME CONSISTS OF ITS NET CONSOLIDATED INCOME FOR THEYEAR AND THE CUMULATIVE TRANSLATION EFFECT.
X. SALES REVENUES ARE RECOGNIZED AT THE TIME THE CUSTOMER TAKES OWNERSHIP OF THEPRODUCTS, IN CONFORMITY WITH INTERNATIONAL ACCOUNTING STANDARD NO. 18, ISSUED BY THEINTERNATIONAL ACCOUNTING STANDARDS COMMITTEE, APPLIED ON A SUPPLEMENTARY BASIS.
SAM’S CLUB AND CLUBCO MEMBERSHIP REVENUES ARE DEFERRED OVER THE TWELVE-MONTH TERM OFTHE MEMBERSHIP, IN CONFORMITY WITH THE REQUIREMENTS OF STAFF ACCOUNTING BULLETIN NO.104, REVENUE RECOGNITION IN FINANCIAL STATEMENTS, ISSUED BY THE U.S. SECURITIES ANDEXCHANGE COMMISSION, APPLIED ON A SUPPLEMENTARY BASIS. SUCH REVENUES ARE PRESENTED INTHE NET SALES CAPTION IN THE STATEMENT OF INCOME.
THE WALMART BANK’S INTEREST AND FEE REVENUES ARE RECOGNIZED IN THE NET SALES CAPTION INTHE STATEMENT OF INCOME.
Y. EARNINGS PER SHARE IS COMPUTED BY DIVIDING NET CONSOLIDATED INCOME BY THE WEIGHTEDAVERAGE NUMBER OF SHARES OUTSTANDING, AS SPECIFIED IN MEXICAN ACCOUNTING BULLETIN B-14,EARNINGS PER SHARE.
Z. SEGMENT FINANCIAL INFORMATION IS PREPARED USING THE MANAGEMENT APPROACH ESTABLISHEDIN ACCOUNTING BULLETIN B-5, WHICH IS BASED ON THE INFORMATION USED BY COMPANYMANAGEMENT TO MAKE BUSINESS DECISIONS AND MONITOR THE COMPANY’S PERFORMANCE.
NOTE 3 - BUSINESS ACQUISITIONS:
AT AN EXTRAORDINARY SHAREHOLDERS’ MEETING HELD ON DECEMBER 22, 2009, THE SHAREHOLDERSAPPROVED THE ACQUISITION OF THE SHARES OF TFB CORPORATION N.V. AND SUBSIDIARIES(WALMART CENTRAL AMERICA) THROUGH THE MERGER OF SUCH COMPANY INTO WALMEX VIA A RELATEDPARTY. THIS OPERATION CAME IN FULL FORCE AND EFFECT ON FEBRUARY 15TH, 2010, DATE ONWHICH WALMEX ACQUIRED THE ASSETS AND ASSUMED THE LIABILITIES OF WALMART CENTRALAMERICA, WHICH WAS PAID BY ISSUING 1,207,937,278 SERIES “V” CLASS 2 WALMEX SHARES ANDBY MAKING A CASH PAYMENT OF PS. 1,497,777 FROM THE COMPANY’S OWN RESOURCES.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 6 / 17
FURTHERMORE, WALMEX ACKNOWLEDGED A CONTINGENT PAYMENT AS PART OF THE PURCHASEACQUISITION PRICE, WHICH SHALL BE PAID IN SUBSEQUENT INSTALLMENTS BOTH IN SHARES ANDCASH. ON THE SUBJECT OF PAYMENT OF SHARES, 88,062,722 WERE ISSUED AND SHALL REMAINUNPAID AND UNSUBSCRIBED TREASURY STOCK, SO THEY CAN BE HANDED OVER TO THE FORMERSHAREHOLDERS OF WALMART CENTRAL AMERICA, PROVIDED THE ACQUIRED COMPANY REACHES ACERTAIN LEVEL OF PROFITABILITY DURING A PERIOD NO LONGER THAN 10 YEARS. CASH PAYMENTSSHALL BE FIXED AND PAYABLE DURING A FIVE-YEAR PERIOD AT A RATE OF 10 MILLION DOLLARSANNUALLY. PRESENT VALUES HAVE BEEN USED TO ESTIMATE BOTH PAYMENTS, BUT THEY MAY DIFFERDUE TO EXCHANGE RATE DIFFERENCES, AS THE TRANSACTION WAS AGREED UPON IN AMERICANDOLLARS AND BASED ON THE COMPANY’S RESULTS.
THE PURCHASE PRICE ACQUISITION OF WALMART CENTRAL AMERICA IS AS FOLLOWS:
THOUSANDS OF MEXICAN PESOS -----------------PAYMENT IN SHARES PS. 29,008,617PAYMENT IN CASH 1,497,777CONTINGENT LIABILITY 5,941,484 -----------------TOTAL PURCHASE PRICE PS. 36,447,878 =================
THIS ACQUISITION STRENGTHENS THE COMPANY’S GROWTH STRATEGY, AS IT CREATES A SOLIDPLATFORM PERMITTING HIGHER LEVELS OF INCOME AND PROFITABILITY. THE MERGER OF WALMARTMEXICO AND WALMART CENTRAL AMERICA IS EXPECTED TO CREATE SYNERGIES, THUS MAKING ITPOSSIBLE TO INCREASE SALES, STREAMLINE ADMINISTRATIVE AND OPERATIONAL PROCESSES, ANDLEVERAGE BEST PRACTICES.
THIS TRANSACTION WAS RECORDED AS A BUSINESS ACQUISITION IN CONFORMITY WITH MEXICAN FRSB-7. FOR SUCH PURPOSE, THE COMPANY DETERMINED THE FAIR VALUES OF THE NET ASSETSACQUIRED, IN CONFORMITY WITH VALUATION GUIDELINES PROVIDED IN THIS STANDARD.
ADDITIONAL EXPENDITURES RELATED TO THE ACQUISITION DO NOT REPRESENT PART OF THE VALUEOF THE BUSINESS ACQUIRED AND ARE CHARGED TO THE INCOME STATEMENT AT THE TIME THEY AREINCURRED.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 7 / 17
IN ORDER TO PROVIDE A BROADER VIEW OF THE OPERATING PERFORMANCE OF THE COMPANY, ABREAKDOWN OF THE AMOUNTS FROM MARCH TO DECEMBER AND THE PERCENTAGE CONTRIBUTED BYWALMART CENTRAL AMERICA IN THE CONSOLIDATED FIGURES OF WALMEX AS OF DECEMBER 31, 2010,ARE SHOWN BELOW:
WALMART CONSOLIDATED CENTRAL AMERICA % ---------------- ----------------- ------STATEMENT OF INCOME:NET SALES PS. 335,857,397 PS. 39,188,379 11.7 ---------------- ----------------- ------GROSS PROFIT 74,059,476 8,689,713 11.7GENERAL EXPENSES ( 47,015,002) ( 7,100,046) 15.1 ---------------- ----------------- ------OPERATING INCOME 27,044,474 1,589,667 5.9 ---------------- ----------------- ------INCOME BEFORE INCOME TAX 27,630,236 1,582,385 5.7 ---------------- ----------------- ------CONSOLIDATED NET INCOME 19,564,477 1,008,461 5.2 ---------------- ----------------- ------CONSOLIDATED NET INCOMEATTRIBUTABLE TO THE PARENT PS. 19,550,424 PS. 994,408 5.1 ================ ================= ======
WALMART CONSOLIDATED CENTRAL AMERICA % ---------------- ----------------- ------BALANCE SHEET:CURRENT ASSETS PS. 61,423,246 PS. 6,831,421 11.1PROPERTY AND EQUIPMENT, NET 102,300,004 9,482,981 9.3OTHER INTANGIBLE ASSETS 1,316,221 1,187,825 90.2GOODWILL 29,768,097 29,768,097 100.0 ---------------- ----------------- ------TOTAL ASSETS PS. 194,807,568 PS. 47,270,324 24.3 ================ ================= ======
CURRENT LIABILITIES PS. 50,725,526 PS. 6,315,733 12.5LONG-TERM LIABILITIES 21,222,432 8,529,510 40.2SHAREHOLDERS’ EQUITY 122,531,053 32,096,524 26.2NONCONTROLLING INTEREST 328,557 328,557 100.0 ---------------- ----------------- ------TOTAL LIABILITIES,SHAREHOLDERS’ EQUITY ANDNONCONTROLLING INTEREST PS. 194,807,568 PS. 47,270,324 24.3 ================ ================= ======
NOTE 4 – ACCOUNTS AND NOTES RECEIVABLE (NET) AND OTHER ACCOUNTS AND NOTES RECEIVABLE(NET):
THE BALANCE OF THESE ACCOUNTS AT DECEMBER 31, 2010 IS PRESENTED NET OF AN ALLOWANCE FORBAD DEBTS OF PS. 152,699.
OTHER ACCOUNTS AND NOTES RECEIVABLE (NET) INCLUDE RECOVERABLE TAXES FOR PS. 2,547,742.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 8 / 17
NOTE 5 – PROPERTY AND EQUIPMENT, NET:
AN ANALYSIS OF PROPERTY AND EQUIPMENT IS AS FOLLOWS:
DECEMBER 31 2010 -------------------LAND PS. 25,787,774BUILDINGS, FACILITIES ANDLEASEHOLD IMPROVEMENTS 62,717,888PROPERTY UNDER CAPITAL LEASE 8,817,555 -------------------TOTAL PROPERTY 97,323,217
FIXTURES AND EQUIPMENT:OWN 39,194,838UNDER CAPITAL LEASE 1,152,465 -------------------TOTAL FIXTURES AND EQUIPMENT 40,347,303ACCUMULATED DEPRECIATION ( 37,563,244)CONSTRUCTION IN PROGRESS 2,192,728 -------------------TOTAL PS. 102,300,004 ===================
NOTE 6 – GOODWILL:
AS OF FEBRUARY 2010, THE COMPANY RECOGNIZED GOODWILL AS A RESULT OF THE ACQUISITION OFWALMART CENTRAL AMERICA WHICH CORRESPONDS TO THE EXCESS OF PURCHASE PRICE OVER THE FAIRVALUE OF NET ASSETS ACQUIRED AND THE NONCONTROLLING INTEREST OF WALMART CENTRALAMERICA. THIS GOODWILL IS SUBJECT TO THE TREATMENT PROVIDED FOR UNDER MEXICAN FRS B-7.
AN ANALYSIS OF GOODWILL AT DECEMBER 31, 2010 IS AS FOLLOWS:
AMOUNT -----------------PAYMENT IN SHARES PS. 29,008,617PAYMENT IN CASH 1,497,777TOTAL ACQUISITION COST 30,506,394CONTINGENT LIABILITY 5,941,484 -----------------TOTAL PURCHASE PRICE PS. 36,447,878 =================
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 9 / 17
THE ASSETS ACQUIRED AND LIABILITIES ASSUMED IN THE ACQUISITION ARE AS FOLLOWS:
FAIR VALUE -----------------ASSETS ACQUIRED:CASH AND CASH EQUIVALENTS PS. 2,006,132INVENTORIES 3,114,290OTHER CURRENT ASSETS 558,370PROPERTY AND EQUIPMENT, NET 8,760,614OTHER INTANGIBLE ASSETS 1,221,211 -----------------TOTAL ASSETS ACQUIRED PS. 15,660,617 -----------------
LIABILITIES ASSUMED:CURRENT LIABILITIES PS. 4,786,552LONG-TERM LIABILITIES 1,603,208LABOR OBLIGATIONS 530,142LONG-TERM DEBT 268,199DEFERRED TAXES 1,123,669 -----------------TOTAL LIABILITIES ASSUMED PS. 8,311,770 -----------------NET ASSETS ACQUIRED PS. 7,348,847NONCONTROLLING INTEREST 669,066 ----------------- PS. 6,679,781 -----------------GOODWILL PS. 29,768,097 =================
THE COMPANY ENGAGED THE SERVICES OF AN INDEPENDENT EXPERT TO DETERMINE THE FAIR VALUESOF THE ASSETS ACQUIRED AND LIABILITIES ASSUMED SHOWN ABOVE.
NOTE 7 – STOCK-MARKET CREDIT
NON APPLY
NOTE 8 – CONTINGENT LIABILITY AND COMMITMENTS:
AS A RESULT OF THE ACQUISITION OF WALMART CENTRAL AMERICA, THE COMPANY HAS BOOKED ACONTINGENT LIABILITY IN ITS FINANCIAL STATEMENTS, SUCH AMOUNTED PS. 5,725,332 AS PARTOF THE PURCHASE PRICE ACQUISITION.
AT DECEMBER 31, 2010, THE COMPANY HAS ENTERED INTO COMMITMENTS FOR THE PURCHASE OFINVENTORY, PROPERTY AND EQUIPMENT AND MAINTENANCE SERVICES FOR PS. 7,504,837.
NOTE 9 – LEASES:
THE COMPANY HAS ENTERED INTO OPERATING LEASES WITH THIRD PARTIES FOR COMPULSORY TERMSRANGING FROM 2 TO 15 YEARS. RENT PAID UNDER CAPITAL LEASES MAY EITHER BE FIXED ORVARIABLE, BASED ON A PERCENTAGE OF SALES.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 10 / 17
THE COMPANY HAS ENTERED INTO PROPERTY LEASE AGREEMENTS THAT ARE QUALIFIED FORCONSIDERATION AS CAPITAL LEASES. THESE AGREEMENTS ARE RECORDED AT THE PRESENT VALUE OFFUTURE MINIMUM PAYMENTS OR AT THE MARKET VALUE OF THE PROPERTY, WHICHEVER IS LESS, ANDARE AMORTIZED OVER THE TERM OF THE LEASE AGREEMENTS, INCLUDING RENEWAL PERIODS.
THE COMPANY HAS ALSO ENTERED INTO CAPITAL LEASES FOR THE RENTAL OF RESIDUAL WATERTREATMENT PLANTS USED TO MEET ENVIRONMENTAL PROTECTION STANDARDS. THE TERM OF PAYMENTRANGES FROM 7 TO 10 YEARS.
FUTURE RENTAL PAYMENTS ARE AS FOLLOWS:
OPERATING CAPITAL LEASE LEASE YEAR (COMPULSORY TERM) (MINIMUM PAYMENTS)-------- ----------------- ------------------ 2011 PS. 268,399 PS. 349,588 2012 PS. 258,819 PS. 324,732 2013 PS. 241,683 PS. 322,839 2014 PS. 221,093 PS. 304,246 2015 PS. 204,313 PS. 330,788 2016 AND THEREAFTER PS. 445,604 PS. 6,770,989
TOTAL RENT UNDER OPERATING LEASES RECORDED TO RESULTS OF OPERATIONS FOR THE YEARS ENDEDDECEMBER 31, 2010 WAS PS. 2,849,261.
NOTE 10 – INCOME TAX:
THE COMPANY AND ITS SUBSIDIARIES, EXCEPT WALMART BANK AND WALMART CENTRAL AMERICA, HAVEBEEN AUTHORIZED BY THE MINISTRY OF FINANCE AND PUBLIC CREDIT TO DETERMINE THEIR TAXRESULTS ON A CONSOLIDATED BASIS.
AN ANALYSIS OF THE DEFERRED TAX LIABILITIES (ASSETS) DERIVED FROM TEMPORARY DIFFERENCESIS AS FOLLOWS:
AMOUNT ----------------PROPERTY AND EQUIPMENT PS. 7,812,433INVENTORIES 24,409REPATRIATION OF EARNINGS OFWALMART CENTRAL AMERICA 890,390UNAMORTIZED TAX LOSS FOR WALMARTBANK AND WALMART CENTRAL AMERICA ( 667,230)ADVANCE COLLECTIONS ( 191,267)OTHER LONG-TERM LIABILITIES ( 401,530)OTHER ITEMS, NET ( 512,406) ----------------T O T A L PS. 6,954,799 ================
AT DECEMBER 31, 2010, THE EFFECTIVE CONSOLIDATED TAX RATE IS 29.2%.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 11 / 17
IN MEXICO, THE APPLICABLE INCOME TAX RATE WILL BE 30% FOR 2010 TO 2012, 29% IN 2013 AND28% BEGINNING 2014 AND THEREAFTER. THE APPLICABLE INCOME TAX RATES FOR THE OTHERCOUNTRIES ARE AS FOLLOWS:
RATE ------GUATEMALA 31%EL SALVADOR 25%HONDURAS 30%COSTA RICA 30%NICARAGUA 30%
IN MEXICO, THE COMPANY’S CURRENT INCOME TAX FOR 2010 INCLUDES THE PARTIAL TAXATION OFTHE INVENTORY HELD AT DECEMBER 31, 2004, SINCE AS PROVIDED FOR UNDER THE INCOME TAXLAW, THE COMPANY HAD OPTED TO CONSIDER SUCH INVENTORIES AS TAXABLE OVER A NUMBER OFYEARS FOR PURPOSES OF DEDUCTING COST OF SALES AT MERCHANDISE SOLD.
THE GOODWILL RESULTING FROM THE ACQUISITION OF WALMART CENTRAL AMERICA IS NOTDEDUCTIBLE UNDER MEXICAN INCOME TAX LAW AND THUS, IT HAS NO EFFECT ON THE COMPANY’SDEFERRED TAXES.
THE COMPANY HAS TAX LOSSES FROM WALMART BANK AND WALMART CENTRAL AMERICA, AND INCONFORMITY WITH THE CURRENT INCOME TAX LAWS OF EACH OF THE COUNTRIES WHERE THESESUBSIDIARIES OPERATE, SUCH LOSSES MAY BE CARRIED FORWARD AGAINST THE TAXABLE INCOMEGENERATED IN FUTURE YEARS.
AN ANALYSIS OF THE AVAILABLE TAX LOSS CARRYFORWARD AT DECEMBER 31, 2010 IS AS FOLLOWS:
WALMARTYEAR OF EXPIRATION WALMART BANK CENTRAL AMERICA------------------ -------------- ----------------- 2012 PS. - PS. 4,577 2013 - 4,622 2014 - 1,949 2015 - 1,896 2016 25,186 - 2017 251,472 - 2018 611,048 - 2019 748,900 - 2020 687,773 - -------------- ----------------- PS.2,324,379 PS. 13,044 ============== =================
BASED ON THE FORECAST OF ITS TAXABLE INCOME, THE COMPANY WILL CONTINUE GENERATINGINCOME TAX IN UPCOMING YEARS.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 12 / 17
NOTE 11 – LABOR OBLIGATIONS:
MEXICO:
THE COMPANY HAS SET UP A DEFINED BENEFITS TRUST FUND TO COVER SENIORITY PREMIUMSACCRUING TO EMPLOYEES. WORKERS MAKE NO CONTRIBUTIONS TO THIS FUND. THE COMPANY ALSORECOGNIZES THE LIABILITY FOR EMPLOYEE TERMINATION PAYMENTS. BOTH THESE OBLIGATIONS ARECOMPUTED USING THE PROJECTED UNIT CREDIT METHOD.
AT DECEMBER 31, THE COMPANY’S ASSETS, LIABILITIES AND COSTS RELATED TO SENIORITYPREMIUMS AND EMPLOYEE TERMINATION PAYMENTS FOR REASONS OTHER THAN CORPORATERESTRUCTURING ARE AS FOLLOWS:
EMPLOYEE TERMINATION SENIORITY PREMIUMS PAYMENTS ------------------ --------------------
VESTED BENEFIT OBLIGATION PS. 247,908 PS. 84,789 ================== ====================DEFINED BENEFIT OBLIGATION PS. 528,164 PS. 140,165PLAN ASSETS ( 478,853) -UNAMORTIZED ITEMS ( 1,110) 2,545 ------------------ --------------------NET PROJECTED LIABILITY PS. 48,201 PS. 142,710 ================== ====================LABOR COST FOR CURRENTSERVICE PS. 70,080 PS. 9,889FINANCIAL COST 38,806 10,297RETURN ON PLAN ASSETS ( 35,367) -ACTUARIAL LOSS (GAIN) 7,959 ( 5,093) ------------------ --------------------NET PERIOD COST PS. 81,478 PS. 15,093 ================== ====================
BENEFITS PAID FROM AND CONTRIBUTIONS MADE TO THE TRUST FOR SENIORITY PREMIUMS IN MEXICOAT DECEMBER 31, 2010 AGGREGATED PS. 36,523 AND PS. 73,135, RESPECTIVELY.
AT DECEMBER 31, 2010, THE PLAN ASSETS HAVE BEEN INVESTED THROUGH THE TRUST AS FOLLOWS:98% IN THE MONEY MARKET AND 2% IN MUTUAL FUNDS.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 13 / 17
THE FOLLOWING IS AN ANALYSIS AT DECEMBER 31 OF THE COMPANY’S ASSETS AND LIABILITIESTHAT MAKE UP ITS LABOR OBLIGATIONS RELATED TO SENIORITY PREMIUMS AND EMPLOYEETERMINATION PAYMENTS FOR REASONS OTHER THAN CORPORATE RESTRUCTURING:
EMPLOYEE TERMINATION SENIORITY PREMIUMS PAYMENTS ----------------------------------------------- ----------------------- DEFINED DEFINED BENEFIT PLAN UNAMORTIZED BENEFIT UNAMORTIZEDYEAR OBLIGATION PLAN ASSETS STATUS ITEMS OBLIGATION ITEMS---- ---------- ------------ ---------- ------------ ---------- -----------2010 PS.528,164 PS.(478,853) PS. 49,311 PS.( 1,110) PS.140,165 PS. 2,5452009 PS.448,637 PS.(421,623) PS. 27,014 PS. 12,844 PS.122,375 PS. 5,2422008 PS.382,977 PS.(367,145) PS. 15,832 PS. 11,438 PS.108,543 PS. 7,6052007 PS.347,421 PS.(319,792) PS. 27,629 PS.( 3,009) PS. 99,378 -2006* PS.298,380 PS.(279,399) PS. 18,981 PS. 6,349 PS. 42,600 -
* FIGURES IN THOUSANDS OF MEXICAN PESOS WITH PURCHASING POWER AT DECEMBER 31, 2007.
IN MEXICO, THE COMPANY COMPUTED DEFERRED EMPLOYEE PROFIT SHARING FOR THE YEARS ENDEDDECEMBER 31, 2010 USING THE ASSET AND LIABILITY METHOD, AS REQUIRED BY MEXICAN FRS D-3.THE RESULT OF THIS COMPUTATIONS IS THAT THE COMPANY HAD NO DEFERRED EMPLOYEE PROFITSHARING.
CENTRAL AMERICA:
AT DECEMBER 31, 2010, AN ANALYSIS OF THE LIABILITIES AND COSTS ASSOCIATED TO EMPLOYEE’STERMINATION PAYMENTS IN CENTRAL AMERICA ARE AS FOLLOWS:
DEFINED LABOR COST BENEFIT FOR CURRENT COUNTRY OBLIGATION SERVICE--------------- ---------------- ---------------GUATEMALA PS. 421,511 PS. 100,893EL SALVADOR 42,749 18,394HONDURAS 66,117 20,746COSTA RICA 21,484 37,958NICARAGUA 9,421 7,158 ---------------- ---------------T O T A L PS. 561,282 PS. 185,149 ================ ===============
AT DECEMBER 31, 2010, TERMINATION PAYMENTS AGGREGATED PS. 138,438.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 14 / 17
AT DECEMBER 31, 2010, THE ACTUARIAL ASSUMPTIONS USED IN THE VALUATION OF EACH COUNTRYARE AS FOLLOWS:
SALARY DISCOUNT INCREASE RETURN RATE OF RATE RATE THE PLAN ASSETS ---------- ---------- ----------------MEXICO 9.0% 5.25% 8.75%GUATEMALA 9.0% 5.4 % N/AEL SALVADOR 8.0% 3.4 % N/AHONDURAS 11.0% 6.5 % N/ACOSTA RICA 7.0% 4.4 % N/ANICARAGUA 15.8% 11.7 % N/A
NOTE 12 – SHAREHOLDERS’ EQUITY:
A. AT A BOARD OF DIRECTORS’ MEETING HELD ON FEBRUARY 11, 2010, THE MEMBERS OF THE BOARDAPPROVED A TWO-TO-ONE STOCK SPLIT. AS A RESULT, THE COMPANY’S CAPITAL STOCK IS NOWREPRESENTED BY 17,926,000,000 SHARES. THE STOCK SPLIT WAS CARRIED OUT ON APRIL 23, 2010BY HAVING THE SHAREHOLDERS EXCHANGE THEIR OLD SHARES THROUGH COUPON NO. 49. THEISSUANCE OF THE NEW SHARES HAD NO EFFECT ON THE AMOUNT OF CAPITAL STOCK AND ALL DATARELATED TO THE NUMBER OF SHARES HAS BEEN ADJUSTED BY THE SPLIT.
B. ORDINARY SHAREHOLDERS' MEETINGS:
AT AN ORDINARY MEETING HELD ON MARCH 11, 2010, THE SHAREHOLDERS ADOPTED THE FOLLOWINGRESOLUTIONS:
1.APPROVAL OF A CAP OF PS. 8,000,000 ON THE AMOUNT THE COMPANY WILL USE IN 2010 TOREPURCHASE ITS OWN SHARES.
2. CANCELLATION OF 137,158,124 SERIES “V” SHARES RESULTING FROM THE REPURCHASE OFSHARES.
3. A DECLARED DIVIDEND, FOR WHICH SHAREHOLDERS WILL RECEIVE A CASH PAYMENT AT THE RATEOF $ 0.35 PESOS PER SHARE. SUCH DIVIDEND WILL BE PAID ON APRIL 16, 2010.
DURING THE YEAR ENDED DECEMBER 31, 2010, WALMEX REPURCHASED 112,062,724 OF ITS OWNSHARES, OF WHICH 34,465,724 WERE CANCELLED AS PER THE RESOLUTION ADOPTED AT THESHAREHOLDERS’ MEETING HELD ON MARCH 11, 2010. AS A RESULT OF THE SHARE REPURCHASES,HISTORICAL CAPITAL STOCK WAS REDUCED BY PS. 217,207. THE DIFFERENCE BETWEEN THETHEORETICAL VALUE AND THE REPURCHASE COST OF THE SHARES ACQUIRED WAS APPLIED AGAINSTRETAINED EARNINGS.
THE EMPLOYEE STOCK OPTION PLAN FUND CONSISTS OF 278,834,298 WALMEX SHARES, OF WHICH273,581,106 SHARES HAVE BEEN PLACED IN A TRUST CREATED FOR SUCH PURPOSE.
THE AMOUNT RECORDED TO RESULTS OF OPERATIONS FOR THIS ITEM AGGREGATES PS. 248,900 IN2010, WHICH REPRESENTS NO CASH DISBURSEMENT.
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 15 / 17
AN ANALYSIS OF MOVEMENTS IN THE COMPANY'S EMPLOYEE STOCK OPTION PLAN IS AS FOLLOWS:
WEIGHTED NUMBER OF AVERAGE PRICE SHARES PER SHARE (PESOS) --------------- -----------------BALANCE AT DECEMBER 31, 2009 286,012,536 13.75GRANTED 38,942,702 29.69EXERCISED ( 50,287,056) 11.17CANCELLED ( 9,458,231) 19.73 ---------------BALANCE AT DECEMBER 31, 2010 265,209,951 16.37 ===============
AS OF DECEMBER 31, 2010 THE SHARES AVAILABLE FOR OPTION GRANT ARE: 13,624,347
AT DECEMBER 31, 2010, THE EMPLOYEE STOCK OPTIONS GRANTED AND EXERCISABLE, INCLUDED INTHE EMPLOYEE STOCK OPTION PLAN FUND WERE AS SHOWN BELOW:
GRANTED EXERCISABLE-------------------------------------------------- ------------------------ WEIGHTED WEIGHTED AVERAGE AVERAGE AVERAGE RANGE OF REMAINING PRICE PER PRICE PEREXERCISE PRICE NUMBER OF LIFE SHARE NUMBER OF SAHRE (PESOS) SHARES (IN YEARS) (PESOS) SHARES (PESOS)-------------- ------------ ---------- ---------- ------------ --------- 4.98 – 5.71 5,253,192 0.1 5.68 5,253,192 5.68 5.37 – 6.32 10,116,268 1.2 6.26 10,116,268 6.26 5.78 – 6.88 16,080,688 2.2 6.29 16,080,688 6.29 8.45 – 9.09 21,958,621 3.2 8.46 21,958,621 8.46 9.90 26,772,152 4.2 9.90 26,772,152 9.9014.40 – 15.02 28,260,710 5.2 14.40 19,960,213 14.39 21.55 25,934,349 6.2 21.55 13,514,590 21.55 19.35 39,355,149 7.2 19.35 12,727,131 19.3515.85 – 22.80 54,407,575 8.2 15.94 7,572,212 15.9829.69 – 31.05 37,071,247 9.2 29.70 - - ------------ ------------ 265,209,951 6.0 16.37 133,955,067 13.24 ============ ============
NOTE 13 – COMPREHENSIVE FINANCING RESULT:
AN ANALYSIS OF COMPREHENSIVE FINANCING RESULT IS AS FOLLOWS:
DECEMBER 31 2010 -----------------FINANCIAL INCOME, NET PS. 498,027EXCHANGE GAIN (LOSS), NET 61,341MONETARY POSITION GAIN 58,603ACCRUED INTEREST ON CONTINGENT LIABILITY ( 158,037) -----------------TOTAL PS. 459,934 =================
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 16 / 17
THE MONETARY POSITION GAIN IS THE RESULT OF THE APPLICATION OF MEXICAN FRS B-10 INCOSTA RICA AND NICARAGUA. SUCH GAIN WAS DETERMINED BY APPLYING FACTORS RESULTING FROMCHANGES IN THE PURCHASING POWER OF EACH COUNTRY’S CURRENCY TO THE NET MONETARY ASSETSAND LIABILITIES DURING THE YEAR.
AS A RESULT OF THE ACQUISITION OF WALMART CENTRAL AMERICA, THE COMPANY RECOGNIZED ACONTINGENT LIABILITY AT PRESENT VALUE IN ITS FINANCIAL STATEMENTS AT FEBRUARY 28, 2010.SINCE MARCH 2010, THE DIFFERENCE BETWEEN FUTURE VALUE AND PRESENT VALUE OF SUCHLIABILITY HAS GIVEN RISE TO INTEREST THAT REQUIRES NO CASH DISBURSEMENT.
NOTE 14 – SEGMENT FINANCIAL INFORMATION:
THE COMPANY’S SEGMENT FINANCIAL INFORMATION WAS PREPARED BASED ON A MANAGERIAL APPROACHAND THE CRITERIA ESTABLISHED IN MEXICAN FRS B-5. THE COMPANY OPERATES IN MEXICO ANDCENTRAL AMERICA, ITS SALES ARE MADE TO THE GENERAL PUBLIC, AND IT IS PRIMARILY ENGAGEDIN OPERATING SELF-SERVICE STORES.
THE COMPANY HAS IDENTIFIED THE FOLLOWING OPERATING SEGMENTS AND BY GEOGRAPHICAL AREA:
MEXICO:SELF-SERVICE: OPERATION OF DISCOUNT STORES, HYPERMARKETS, MEMBERSHIP SELF-SERVICEWHOLESALE STORES AND SUPERMARKETS.
FINANCIAL SERVICES: OPERATION OF BANK BRANCHES TO PROVIDE BANKING AND CREDIT SERVICES.
OTHER: CONSISTS OF DEPARTMENT STORES, RESTAURANTS AND THE REAL ESTATE TRANSACTIONS WITHTHIRD PARTIES.
CENTRAL AMERICA:
OPERATION OF DISCOUNT STORES, SUPERMARKETS, HYPERMARKETS DISCOUNT, WAREHOUSE STORES ANDMEMBERSHIP SELF-SERVICE WHOLESALE STORES IN GUATEMALA, EL SALVADOR, HONDURAS, NICARAGUAAND COSTA RICA.
AN ANALYSIS OF SEGMENT INFORMATION AND GEOGRAPHICAL AREA AT DECEMBER 31 IS AS FOLLOWS:
INCOME (LOSS) FROM SEGMENT NET SALES OPERATION----------------------- ----------------- ------------------
MEXICO:SELF SERVICE PS. 280,778,127 PS. 24,179,330FINANCIAL SERVICES 181,797 ( 723,222)OTHERS 15,709,094 1,998,699 ----------------- ------------------SUBTOTAL 296,669,018 25,454,807
CENTRAL AMERICA:SELF-SERVICE 39,188,379 1,589,667 ----------------- -----------------CONSOLIDATED PS. 335,857,397 PS. 27,044,474 ================= =================
MEXICAN STOCK EXCHANGE
FINANCIAL STATEMENT NOTES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B.DE C.V.
AUDITED INFORMATION
PAGE 17 / 17
PROPERTY, PLANT ACCUMULATED SEGMENT AND EQUIPMENT DEPRECIATION----------------------- ----------------- ------------------
MEXICO:SELF SERVICE PS. 10,506,652 PS. 4,535,342FINANCIAL SERVICES 130,098 49,642OTHERS 910,141 695,501 ----------------- ------------------SUBTOTAL 11,546,891 5,280,485
CENTRAL AMERICA:SELF-SERVICE 1,583,077 968,573 ----------------- ------------------CONSOLIDATED PS. 13,129,968 PS. 6,249,058 ================= ==================
SEGMENT TOTAL ASSETS CURRENT LIABILITIES----------------------- ----------------- -------------------
MEXICO:SELF SERVICE PS. 124,208,356 PS. 37,383,055FINANCIAL SERVICES 2,236,009 1,424,884OTHERS 14,636,370 2,298,213UNASSIGNABLE ITEMS 6,456,509 3,303,641 ----------------- -------------------SUBTOTAL 147,537,244 44,409,793
CENTRAL AMERICA:SELF-SERVICE 47,270,324 6,315,733 ----------------- -------------------CONSOLIDATED PS. 194,807,568 PS. 50,725,526 ================= ===================
UNASSIGNABLE ITEMS REFER PRIMARILY TO RESERVE LAND, CASH AND CASH EQUIVALENTS OF THEPARENT AND REAL ESTATE COMPANIES, AS WELL AS INCOME TAX PAYABLE.
NOTE 15 – NEW ACCOUNTING PRONOUNCEMENTS:
IN 2010, THE CINIF APPROVED THE PUBLICATION OF MEXICAN FRS C-4, INVENTORIES; MEXICANFRS C-5, PREPAYMENTS; MEXICAN FRS C-6, PROPERTY, PLANT AND EQUIPMENT; AND MEXICAN FRSC-18, OBLIGATIONS RELATED TO THE RETIREMENT OF PROPERTY, PLANT AND EQUIPMENT. ALL OFTHESE NEW PRONOUNCEMENTS WILL BECOME EFFECTIVE AS OF JANUARY 1ST, 2011, EXCEPT FOR THECHANGES RESULTING FROM THE SEGREGATION OF PROPERTY, PLANT AND EQUIPMENT THAT CLEARLYHAVE DIFFERENT USEFUL LIVES, WHICH WILL BE REQUIRED AS OF 2012. THE APPLICATION OFTHESE NEW STANDARDS WILL HAVE NO MATERIAL EFFECT ON THE COMPANY’S FINANCIAL STATEMENTS.
NOTE 16 – ISSUANCE OF FINANCIAL STATEMENTS:
THE ACCOMPANYNG FINANCIAL STATEMENTS AND THESE NOTES AT AND FOR THE YEAR ENDED DECEMBER31, 2010 WERE APPROVED BY THE COMPANY'S BOARD OF DIRECTORS AT A MEETING HELD ONFEBRUARY 21, 2011.
MEXICAN STOCK EXCHANGE
ANALYSIS OF INVESTMENTS IN SHARES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
SUBSIDIARIES
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
COMPANY NAME MAIN ACTIVITIES NUMBER OF SHARES % OWNERSHIP
99.99881,712GEN. MERCHANDISE SALESNUEVA WALMART
99.99274,923DEPARTMENT STORESSUBURBIA
99.99439,022RESTAURANTSVIPS
99.99669,726PROFESIONAL OUTSOURCECORPORATES ENTITIES
99.9923,579,578REAL ESTATE PROJECTSREAL ESTATE
99.992,770,738RENDERING BANKING SERVICESWALMART BANK (HOLDING)
99.006,000GEN. MERCHANDISE SALESTFB (WALMART CENTRAL AMERICA)
MEXICAN STOCK EXCHANGE
ANALYSIS OF INVESTMENTS IN SHARES
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
ASSOCIATES
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
COMPANY NAME MAIN ACTIVITIESACQUISITION
COST BOOK VALUE
TOTAL AMOUNT (Thousandsof Mexican Pesos)%
OWNERSHIP
NUMBER OF SHARES
000.000
TOTAL 0
OTHER PERMANENT INVESTMENTS
TOTAL INVESTMENT IN ASSOCIATES 00
0
THE COLUMN NUMBER OF SHARES IS EXPRESSED IN THOUSANDS AND CORRESPONDING TO THESOCIAL PART AND SHARES THAT WAL-MART DE MEXICO, S.A.B. DE C.V. HAS OF THESUBSIDIARIES; WHICH MAJORITY ARE SOCIEDAD DE RESPONSABILIDAD LIMITADA DECAPITAL VARIABLE.
NOTES
WAL - MART DE MEXICO, S.A.B. DE C.V.
MEXICAN STOCK EXCHANGE
CREDITS BREAK DOWN
STOCK EXCHANGE CODE:
CONSOLIDATED
Final Printing
WALMEX
(Thousand Pesos)
YEAR:QUARTER: 04 2010
AUDITED INFORMATION
UNTIL 4 YEARUNTIL 3 YEARUNTIL 2 YEARUNTIL 1 YEARCURRENT YEAR
AMORTIZATIONDATE
UNTIL 5 YEAR
AMORTIZATION OF CREDITS IN FOREIGN CURRENCY (THOUSANDS OF $)
TIME INTERVAL
UNTIL 5 YEARUNTIL 4 YEARUNTIL 3 YEARUNTIL 2 YEARUNTIL 1 YEARCURRENT YEAR
AMORTIZATION OF CREDITS IN FOREIGN CURRENCY (THOUSANDS OF $)
TIME INTERVALINTEREST RATEDATE OFCONTRACTCREDIT TYPE / INSTITUTION WITH FOREING
INSTITUTION
0 0 0 0 0NOT APPLIED
BANKS
FOREIGN TRADE
0 0 0 0 0NOT
SECURED
0 0 0 0 0NOT APPLIED
HSBC 4.1508/09/2011 259,567 0 0 0 008/09/2008YES
COMMERCIAL BANKS
0 0 0 0 0NOT APPLIED
0 0 0 0 0NOT
OTHER
0 0 0 0 0NOT APPLIED
0 0 0 0 0NOT
TOTAL BANKS 0 0 0 0 0 0 0 259,567 0 0 0 0
WAL - MART DE MEXICO, S.A.B. DE C.V.
MEXICAN STOCK EXCHANGE
CREDITS BREAK DOWN
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
(Thousand Pesos)AUDITED INFORMATION
CREDIT TYPE / INSTITUTION AMORTIZATION DATE INTEREST RATE
CURRENT YEAR UNTIL 1 YEAR UNTIL 2 YEAR UNTIL 3 YEAR UNTIL 4 YEAR UNTIL 5 YEAR CURRENT YEAR UNTIL 1 YEAR UNTIL 2 YEAR UNTIL 3 YEAR UNTIL 4 YEAR UNTIL 5 YEAR
TIME INTERVAL
AMORTIZATION OF CREDITS IN FOREIGN CURRENCY (THOUSANDS OF $)
TIME INTERVAL
AMORTIZATION OF CREDITS IN FOREIGN CURRENCY (THOUSANDS OF $)
WITH FOREINGINSTITUTION
DATE OFCONTRACT
UNSECURED
0 0 0 0 0NOT APPLIED
LISTED STOCK EXCHANGE
STOCK MARKET
0 0 0 0 0NOT
SECURED
0 0 0 0 0NOT APPLIED
0 0 0 0 0NOT
UNSECURED
PRIVATE PLACEMENTS
0 0 0 0 0NOT APPLIED
NOT 0 0 0 0 0
SECURED
0 0 0 0 0NOT APPLIED
NOT 0 0 0 0 0
TOTAL BANKS 0 0 0 0 0 0 0 0 0 0 0 0
MEXICAN STOCK EXCHANGE
CREDITS BREAK DOWN
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
(Thousand Pesos)
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
UNTIL 1 YEAR UNTIL 2 YEAR UNTIL 3 YEAR UNTIL 4 YEAR UNTIL 5 YEARCURRENT YEARUNTIL 5 YEARUNTIL 4 YEARUNTIL 3 YEARUNTIL 2 YEARUNTIL 1 YEARCURRENT YEAR
AMORTIZATIONDATE
DATE OFAGREEMENT
WITH FOREINGINSTITUTIONCREDIT TYPE / INSTITUTION TIME INTERVALTIME INTERVAL
AMORTIZATION OF CREDITS IN FOREIGN CURRENCY (THOUSANDS OF $) AMORTIZATION OF CREDITS IN FOREIGN CURRENCY (THOUSANDS OF $)
SUPPLIERS
SELF-SERVICE STORE 30,927,204 0 0 0 0NOT APPLIED
DEPARTMENTS STORES 1,377,082 0 0 0 0NOT APPLIED
RESTAURANTS 150,178 0 0 0 0NOT APPLIED
SELF-SERVICE STORE 5,429,839 0 0 0 0NOT
DEPARTMENT STORES 114,332 0 0 0 0NOT
RESTAURANTS 874 0 0 0 0NOT
TOTAL SUPPLIERS 0 32,454,464 0 0 0 0 0 5,545,045 0 0 0 0
OTHER CURRENT LIABILITIESWITHOUT COST (S26)
OTHER LOANS WITH COST (S103 YS30)
OTHER LOANS 382,581 93,518 104,239 114,962 6,680,020NOT
TOTAL 0 41,497,808 231,214 218,600 189,284 5,901,155 0 7,773,339 93,518 104,239 114,962 6,680,020
OTHER CURRENT LIAB 8,830,402NOT APPLIED
OTHER CURRENT LIAB 1,586,146
TOTAL 0 212,942 231,214 218,600 189,284 5,901,155 0 382,581 93,518 104,239 114,962 6,680,020
TOTAL 0 8,830,402 0 0 0 0 0 1,586,146 0 0 0 0
OTHER LOANS 212,942 231,214 218,600 189,284 5,901,155NOT APPLIED
MEXICAN STOCK EXCHANGESTOCK EXCHANGE CODE:
MONETARY FOREIGN CURRENCY POSITION
(Thousand Pesos)
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEXWAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
OTHER CURRENCIES
MONETARY ASSETS
LIABILITIES POSITION
SHORT-TERM LIABILITIES POSITION
NET BALANCE
LONG-TERM LIABILITIES POSITION
FOREIGN CURRENCY POSITIONDOLLARS PESOS DOLLARS
124,659
216,014
507,790 6,276,439
723,804 8,946,437 470,832 5,819,641
4,345,196
14,766,078
7,773,339
6,992,739
-7,405,608-599,145 -243,947 -3,015,274 -10,420,882
DOLLARS
1,540,829 226,885 2,804,367
57,951 716,300
2,669,998 412,881 5,103,341
PESOS
TOTAL THOUSANDSOF PESOS
AT DECEMBER 31, 2010 THE EXCHANGE RATE USED TO TRANSLATE THE FOREIGN CURRENCYDENOMINATED ASSETS AND LIABILITIES IN MEXICAN PESOS ARE SHOWN BELOW:
YEAR-END EXCHANGE RATE WITH RESPECT TOCOUNTRY CURRENCY DOLAR PESO------------- ------------- ------------ ------------
MEXICO PESO PS. 12.3603 PS. 1.0000
EL SALVADOR US. DOLLAR US. 1.0000 PS. 0.0809
GUATEMALA QUETZAL Q. 8.0155 Q. 0.6485
HONDURAS LEMPIRA L. 18.8950 L. 1.5287
COSTA RICA COLON C. 512.9700 C. 41.5014
NICARAGUA CORDOBA C$. 21.8825 C$. 1.7704
NOTES
MEXICAN STOCK EXCHANGESTOCK EXCHANGE CODE:
RESULT FROM MONETARY POSITION
(Thousand Pesos)
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
MONTH MONETARYASSETS
MONETARYLIABILITIES
(ASSET) LIABILITYMONETARYPOSITION
MONTHLYINFLATION
MONTHLY PROFITAND (LOSS)
0 0 0 0.00 0JANUARY
0 0 0 0.00 0FEBRUARY
0 0 0 0.00 0MARCH
0 0 0 0 0APRIL
0 0 0 0 0MAY
0 0 0 0 0JUNE
0 0 0 0 0JULY
0 0 0 0 0AUGUST
0 0 0 0 0SEPTEMBE
0 0 0 0 0OCTOBER
0 0 0 0 0NOVEMBER
0 0 0 0 0DECEMBER0RESTATEMENT
0CAPITALIZATION
58,603FOREIGN CORP.
0OTHERS
CAPITALIZED RESULT FOR MONETARY POSITION
OTHER CONCEPTS:
0
NOTES
TOTAL 58,603
COSTA RICA AND NICARAGUA RECOGNIZE THE EFFECTS OF INFLATION, IN ACCORDING TOPRICE INDEX FOR EACH COUNTRY.
MEXICAN STOCK EXCHANGE
DEBT INSTRUMENTS
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
PAGE 1 / 2
FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE
NON APPLY
FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE
MEXICAN STOCK EXCHANGE
DEBT INSTRUMENTS
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
PAGE 2 / 2
ACUTAL SITUATION OF FINANCIAL LIMITED
NON APPLY.
ACTUAL SITUATION OF FINANCIAL LIMITED
MEXICAN STOCK EXCHANGE
PLANTS, COMMERCE CENTERS OR DISTRIBUTIONCENTERS
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
PLANT OR CENTER ECONOMIC ACTIVITY UTILIZATION(%)PLANT CAPACITY
MEXICO: 0.000
GENERAL MERCHANDISE SALES,SELF-SERVICE DISCOUNT STORES 100.001,775,994
MEMBERSHIP GENERAL MERCHANDISESELF-SERVICE WHOLESALES STORES 100.00790,586
GENERAL MERCANDISE SALES,SELF-SERVICE HYPERMARKETS 100.001,540,522
GROCERIES SALES AND FRESHSUPERMARKETS 100.00123,158
APPAREL AND ACCESORY SALEAPPAREL STORES 100.00373,166
RESTAURANT-INTERNATIONAL, MEXICANRESTAURANTS 100.0083,408
CENTRAL AMERICA: 0.000
GENERAL MERCHANDISE SALES,SELF-SERVICE DISCOUNT STORES 100.00185,290
GENERAL MERCHANDISE SALES,SELF-SERVICE HYPERMARKETS 100.0094,517
GROCERIES SALES AND FRESHSUPERMARKETS 100.00132,137
GENERAL MERCHANDISE SALES,DISCOUNT WAREHOUSE STORES 100.0060,245
MEMBERSHIP GENERAL MERCHANDISESELF-SERVICE WHOLESALES STORES 100.007,393
THE INSTALLED CAPACITY REGARDING RESTAURANTS IS EXPRESSED IN NUMBER OF SEATS.
NOTES
MEXICAN STOCK EXCHANGESTOCK EXCHANGE CODE:
MAIN RAW MATERIALS
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
DOMESTIC MAIN SUPPLIERS FOREIGN DOM.SUBST.
COSTPRODUCTION
(%)
NON APPLY 0.00
NOTES
MEXICAN STOCK EXCHANGE
SALES DISTRIBUTION BY PRODUCT
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
NET SALES/TOTAL SALES
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
VOLUME AMOUNT
NET SALES
TRADEMARKS CUSTOMERS
MAINMAIN PRODUCTS MARKET
SHARE (%)
DOMESTIC SALES
295,574,3490NET SALES 0.00
912,8720MEMBERSHIP INCOME 0.00
181,7970INCOME OF THE BANK 0.00
FOREIGN SALES
NET SALES 38,936,736 0.000
OTHER INCOME 251,643 00
TOTAL 335,857,397
MEXICAN STOCK EXCHANGE
SALES DISTRIBUTION BY PRODUCT
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
FOREIGN SALES
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
EXPORT
VOLUME AMOUNT
NET SALESDESTINATION
TRADEMARKS CUSTOMERS
MAINMAIN PRODUCTS
NON APPLY 00
FOREIGN SUBSIDIARIES
NET SALES 38,936,7360
OTHER INCOME 251,6430
TOTAL 39,188,379
THE INFORMATION PRESENTED IN FOREIGN SUBSIDIARIES CORRESPONDING TO NET SALESAND OTHER INCOME FROM WALMART CENTRAL AMERICA.
NOTES
MEXICAN STOCK EXCHANGE
PROJECT, AMOUNT EXERCISED AND PROGRESSPERCENTAGE
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
PAGE 1 / 1
THE INFORMATION OF PROJETCS FOR 2011, WILL BE PROVIDED LATER.
WAL - MART DE MEXICO, S.A.B. DE C.V.
MEXICAN STOCK EXCHANGE
INFORMATION RELATED TO BULLETIN B-15(FOREIGN CURRENCY TRANSLATION)
STOCK EXCHANGE CODE: YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
PAGE 1 1/
TRANSACTIONS IN FOREIGN CURRENCY----------------------------------
FOREIGN CURRENCY DENOMINATED MONETARY ASSETS AND LIABILITIES OF WALMEX ARE TRANSLATED TOMEXICAN PESOS AT PREVAILING EXCHANGE RATE AS OF THE BALANCE SHEET DATE. EXCHANGEDIFFERENCES DETERMINED ARE CHARGE OF CREDITED TO INCOME.
AT DECEMBER 31, 2010 THE EXCHANGE RATE USED TO TRANSLATE THE FOREIGN CURRENCYDENOMINATED ASSETS AND LIABILITIES IN MEXICAN PESOS ARE SHOWN BELOW:
AVERAGE EXCHANGE YEAR-END EXCHANGE RATE RATE WITH WITH RESPECT TO RESPECT TOCOUNTRY CURRENCY DOLAR PESO PESO----------- ---------- ------------ ------------ ------------MEXICO PESO PS. 12.3603 PS. 1.0000 PS. 12.6340
EL SALVADOR US. DOLLAR US. 1.0000 PS. 0.0809 US. 0.0792
GUATEMALA QUETZAL Q. 8.0155 Q. 0.6485 Q. 0.6152
HONDURAS LEMPIRA L. 18.8950 L. 1.5287 L. 1.4960
COSTA RICA COLON C.512.9700 C. 41.5014 C. 41.6047
NICARAGUA CORDOBA C$. 21.8825 C$. 1.7704 C$. 1.6910
DURING THE YEAR, THE COMPANY HAD A EXCHANGE GAIN BY PS. 61,341.
FINANCIAL STATEMENTS TRANSLATION---------------------------------THE CUMULATIVE TRANSLATION ADJUSTMENT IS THE EFFECT OF TRANSLATING THE FINANCIALSTATEMENTS OF THE COMPANY’S FOREIGN SUBSIDIARIES INTO MEXICAN PESO, WHICH TO THEDECEMBER 31, 2010 AMOUNT TO PS. 470,218.
WAL - MART DE MEXICO, S.A.B. DE C.V.
MEXICAN STOCK EXCHANGESTOCK EXCHANGE CODE:
ANALYSIS OF PAID CAPITAL STOCK
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
AUDITED INFORMATION
MEXICAN FREESUBSCRIPTION
SERIESVARIABLE PORTION FIXED VARIABLE
CAPITAL STOCK
FIXED PORTION
NUMBER OF SHARESVALID
COUPONNOMINAL VALUE
0 17,848,403,000V 0.00000 2,305,357,888 15,543,045,112 5,574,801 37,586,08950
TOTAL 37,586,0895,574,80117,848,403,000015,543,045,1122,305,357,888
TOTAL NUMBER OF SHARES REPRESENTING THE PAID IN CAPITALSTOCK ON THE DATE OF SENDING THE INFORMATION 17,848,403,000
AS OF DECEMBER 31, 2010 SERIES "V" SHARES PRICE MARKET WAS PS. 35.44NOTES
MEXICAN STOCK EXCHANGE
DERIVATIVE FINANCIAL INSTRUMENTS
STOCK EXCHANGE CODE:
1
YEAR:QUARTER: 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DEC.V.
AUDITED INFORMATION
PAGE 1/
IN ATTACHMENT TO NORMS OF CORPORATIVE GOVERNMENT OF THE COMPANY, WALMEX DOES NOTMAINTAIN POSITIONS IN DERIVATIVE FINANCIAL INSTRUMENTS.
MEXICAN STOCK EXCHANGE
NOTES TO FINANCIAL STATEMENTS
STOCK EXCHANGE CODE: YEAR:QUARTER 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
S39: NOTE 1 - PREMIUM ON SALE OF SHARES---------------------------------------
THE PREMIUM ON ISSUANCE OF SHARES LINE THAT APPEARS IN CONSOLIDATED BALANCE SHEETS, IS ASFOLLOWS:
EMPLOYEE STOCK OPTIONS PLAN FUND PS.( 4,290,556)PREMIUM ON ISSUANCE OF SHARES PS. 2,292,985 --------------- PS.( 1,997,571) ===============
S44: OTHER ACCUMULATED COMPREHENSIVE INCOME-------------------------------------------
THE CUMULATIVE TRANSLATION ADJUSTMENT FOR THE LAST QUARTER WAS RECLASSIFIED FROM RETAINEDEARNINGS AND CAPITAL RESERVES TO OTHER ACCUMULATED COMPREHENSIVE RESULT AMOUNTEDPS.-22,480.
S77: NOTE 2 – CHARACTERISTICS OF THE SHARES-------------------------------------------
WALMART DE MEXICO SHARES ARE AT UNEXPRESSIVE NOMINAL VALUE.
FOR COMPARABILITY PURPOSES WITH THIS YEAR QUARTER, THE NUMBER OF OUSTSTANDING SHARES FORLAST YEAR QUARTER WAS MODIFIED CONSIDERING THE STOCK SPLIT.
S78: REPURCHASED SHARES-----------------------
FOR COMPARABILITY PURPOSES WITH THIS YEAR QUARTER, THE NUMBER OF REPURCHASED SHARES FORLAST YEAR QUARTER WAS MODIFIED CONSIDERING THE STOCK SPLIT.
S80: NOTE 3 - REPURCHASE OF SHARES----------------------------------
FROM JANUARY 1° TO MARCH 10, THEY WERE REPURCHASED OF ITS OWN SHARES, BY AMOUNT OF PS.1,194,110, WITH AFFECTING TO THE AUTHORIZED IN 2009, IS AS FOLLOWS:
UNTIL 10 OF MARCH ----------------REPURCHASE OF SHARE REDUCED OF CAPITAL STOCK PS.( 65,440)REPURCHASE OF SHARE REDUCED OF RETAINED EARNINGS ( 1,128,670) ---------------- PS.( 1,194,110) ================
IN THIS ANNEX INCLUDE THE NOTES FOR THE FINANCIAL STATEMENTS ACCOUNTS AND STATEMENTS ACCOUNTS BREAKDOWNS ANDOTHER CONCEPTS
MEXICAN STOCK EXCHANGE
NOTES TO FINANCIAL STATEMENTS
STOCK EXCHANGE CODE: YEAR:QUARTER 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
LATER THE SHAREHOLDER'S MEETING HELD IN MARCH 11, 2010, THEY WERE REPURCHASED OF ITS OWNSHARES BY AMOUNT OF PS. 2,277,848 AFFECTING AUTHORIZED AMOUNT IN THIS MEETING. THEAVAILABLE BALANCE AS OF DECEMBER 31, 2010 IS AS FOLLOWS:
AFTER MARCH 11 ----------------AUTHORIZED AMOUNT PS. 8,000,000REPURCHASE OF SHARE REDUCED OF CAPITAL STOCK ( 209,532)REPURCHASE OF SHARE REDUCED OF RETAINED EARNINGS ( 2,068,316) ---------------- PS. 5,722,152 ================
S95: NOTE 4 - STATUS OF CHANGES IN STOCKHOLDERS' EQUITY-------------------------------------------------------
DUE TO IN STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY IT IS NOT ALLOWED TO BE MODIFIED,THE CONCEPTS OF INCOME TAX ON SUBSIDIARY DIVIDENDS AMOUNTING PS.73,357 TO LAST QUATER , ISINCLUDED WITHIN IN APPLICATION OF RESULTS OF THE EXERCISE TO ACCUMULATED RESULTS.
R01: NOTE 5 - MEMBERSHIP INCOME AND INCOME OF THE WALMART BANK--------------------------------------------------------------
THE EARNED INCOME FOR THIS CONCEPT ARE PRESENTED UNDER A SPECIFIC HEADING AFTER NET SALESIN THE STATEMENTS OF INCOME. THE CURRENT EMISNET PAGE STATEMENT OF INCOME FORMAT, HOWEVER,REQUIRES THAT IT IS PRESENTED UNDER OF NET SALES, SUCH IS AS SHOWN IN ANNEX SALESDISTRIBUTION BY PRODUCT.
D01: NOTE 6 – DATA PER SHARE----------------------------
FOR COMPARABILITY PURPOSES WITH THIS YEAR QUARTER, THE INFORMATION PRESENTED IN THISATTACHMENT FOR LAST YEAR QUARTER WAS MODIFIED CONSIDERING THE STOCK SPLIT FROM APRIL 23,2010.
D08: NOTE 7 – CARRYNG VALUE PER SHARE-------------------------------------
CONSIDERING THAT IS NOT POSSIBLE TO MODIFY ON DATA PER SHARE REF D08 “CARRYNG VALUE PERSHARE”; FOURTH QUARTER PREVIOUS YEAR SHOULD BE PS. 4.96 PESOS AFTER THE SPLIT 2:1 IN ORDERTO BE COMPARABLE TO ACTUAL FOURTH QUARTER.
P02:
IN THIS ANNEX INCLUDE THE NOTES FOR THE FINANCIAL STATEMENTS ACCOUNTS AND STATEMENTS ACCOUNTS BREAKDOWNS ANDOTHER CONCEPTS
MEXICAN STOCK EXCHANGE
NOTES TO FINANCIAL STATEMENTS
STOCK EXCHANGE CODE: YEAR:QUARTER 04 2010
CONSOLIDATED
Final Printing
WALMEX
WAL - MART DE MEXICO, S.A.B. DE C.V.
AUDITED INFORMATION
P02: NOTE 8 - RATIOS CONSOLIDATED---------------------------------
SINCE THE EMISNET PAGE CANNOT RECORD RESULTS ON A TWELVE MONTHS BASIS FOR ITEMS OF THESTATEMENT OF AS WELL AS FOR THE FINANCIAL STATEMENT, THE CALCULATIONS ARE THUS INCLUDED ONTHOSE BASIS AND ARE AS FOLLOW:
QUARTERREF CONCEPT CURRENT PREVIOUSP ----------------------------------- ------------- ------------
YIELD-----
P02: NET CONSOLIDATED INCOME TO STOCKHOLDERS EQUITY (**) 17.40 % 21.96 %
P03: NET CONSOLIDATED INCOME TO TOTAL ASSETS (**) 11.44 % 14.02 %
ACTIVITY--------P06: NET SALES TO TOTAL ASSETS (**) 1.96 TIMES 2.26 TIMES
P07: NET SALES TO PROPERTY, PLANT AND EQUIPMENT (**) 3.64 TIMES 3.33 TIMES
P08: INVENTORIES TURNOVER (**) 9.88 TIMES 10.09 TIMES
LEVERAGE--------
P16: NET SALES TO TOTAL LIABILITIES (**) 5.73 TIMES 6.24 TIMES
(**) = INFORMATION REGARDING LAST TWELVE MONTHS
E39: PERMANENT INVESTMENT IN SHARES-----------------------------------
THE PERMANENT INVESTMENT IN SHARES LINE CONSIDERED AS PERMANENT INCLUDES IN ACTUAL QUARTERTHE PURCHASE OF SHARES FROM NONCONTROLLING INTEREST BY PS.-390,999 AND NET FLOW BY WALMARTCENTRAL AMERICA ACQUISITION BY PS. 508,362.
IN THIS ANNEX INCLUDE THE NOTES FOR THE FINANCIAL STATEMENTS ACCOUNTS AND STATEMENTS ACCOUNTS BREAKDOWNS ANDOTHER CONCEPTS
Related Documents
