COCA-COLA FEMSA FINANCIAL STATEMENTS 2019
109
COMBINED
WHOLLY-OWNED COMBINED
GUARANTORS NON-GUARANTOR CONSOLIDATED
PARENT SUBSIDIARIES SUBSIDIARIES ELIMINATIONS TOTAL
CONDENSED CONSOLIDATING INCOME STATEMENTS:
FOR THE YEAR ENDED DECEMBER 31, 2019
Total revenues Ps. 2 Ps. 96,169 Ps. 155,767 Ps. (57,467) Ps. 194,471
Cost of goods sold — 54,714 101,268 (49,018) 106,964
Gross profit 2 41,455 54,499 (8,449) 87,507
Administrative expenses 404 3,194 7,815 (2,986) 8,427
Selling expenses — 24,308 33,265 (5,463) 52,110
Other expenses (income), net 3 1,579 908 — 2,490
Interest expense, net 4,568 3,745 (2,639) — 5,674
Foreign exchange (loss) gain, net 379 (80) (629) — (330)
Other financing (expense) income, net — — (67) — (67)
Income taxes (1,105) 2,536 4,217 — 5,648
Share of the profit of subsidiaries, associates and joint
ventures accounted for using the equity method, net of taxes 15,590 11,676 48 (27,445) (131)
Consolidated Net income Ps. 12,101 Ps. 17,689 Ps. 10,285 Ps. (27,445) Ps. 12,630
Attributable to:
Equity holders of the parent 12,101 17,689 9,756 (27,445) 12,101
Non-controlling interest — — 529 — 529
Consolidated Net income Ps. 12,101 Ps. 17,689 Ps. 10,285 Ps. (27,445) Ps. 12,630
COMBINED
WHOLLY-OWNED COMBINED
GUARANTORS NON-GUARANTOR CONSOLIDATED
PARENT SUBSIDIARIES SUBSIDIARIES ELIMINATIONS TOTAL
CONDENSED CONSOLIDATING INCOME STATEMENTS:
FOR THE YEAR ENDED DECEMBER 31, 2018
Total revenues Ps. 1 Ps. 86,736 Ps. 165,325 Ps. (69,720) Ps. 182,342
Cost of goods sold — 49,104 108,671 (59,371) 98,404
Gross profit 1 37,632 56,654 (10,349) 83,938
Administrative expenses 135 5,403 8,054 (5,593) 7,999
Selling expenses — 22,814 31,867 (4,756) 49,925
Other expenses (income), net — 627 1,254 — 1,881
Interest expense, net 4,425 3,514 (1,375) — 6,564
Foreign exchange (loss) gain, net (96) (91) (90) — (277)
Other financing (expense) income, net — — (102) — (102)
Income taxes (731) 1,455 4,536 — 5,260
Share of the profit of subsidiaries, associates and joint
ventures accounted for using the equity method, net of taxes 17,833 14,732 105 (32,896) (226)
Net income from continuing operations Ps. 13,911 Ps. 18,460 Ps. 12,229 Ps. (32,896) Ps. 11,704
Net income after tax from discontinued operations Ps. — Ps. — Ps. 3,366 Ps. — Ps. 3,366
Consolidated Net income Ps. 13,911 Ps. 18,460 Ps. 15,595 Ps. (32,896) Ps. 15,070
Attributable to:
Equity holders of the parent- continuing 13,911 18,460 11,461 (32,896) 10,936
Equity holders of the parent- discountinued. — — 2,975 — 2,975
Non-controlling interest- continuing — — 768 — 768
Non-controlling interest discountinued — — 391 — 391
Consolidated Net income Ps. 13,911 Ps. 18,460 Ps. 15,595 Ps. (32,896) Ps. 15,070