Consolidated Income Statements

For the years ended December 31, 2016, 2015 and 2014
Amounts expressed in millions of U.S. dollars ( $ ) and in millions of Mexican pesos ( Ps.) except per share amounts

  Note   2016 (*)   2016
2015   2014
Net sales   $ 8,589 Ps. 177,082 Ps. 151,914 Ps. 146,948
Other operating revenues     31   636   446   350
Total revenues     8,620   177,718   152,360   147,298
Cost of goods sold     4,756   98,056   80,330   78,916
Gross profit     3,864   79,662   72,030   68,382
Administrative expenses     360   7,423   6,405   6,385
Selling expenses     2,330   48,039   41,879   40,465
Other income 18   62   1,281   620   1,001
Other expenses 18   247   5,093   2,368   1,159
Interest expense 17   362   7,471   6,337   5,546
Interest income     35   715   414   379
Foreign exchange loss, net     87   1,792   1,459   968
(Gain) loss on monetary position for subsidiaries
in hyperinflationary economies		     (117)   (2,417)   33   312
Market value gain on financial instruments 19   2   51   142   25
                   
Income before income taxes and share of the profit of associates
and joint ventures accounted for using the equity method		     694   14,308   14,725   14,952
Income taxes 23   191   3,928   4,551   3,861
Share of the profit of associates and joint ventures accounted
for using the equity method, net of taxes		 9   7   147   155   (125)
Consolidated net income   $ 510 Ps. 10,527 Ps. 10,329 Ps. 10,966
                   
Attributable to:
                  
Equity holders of the parent   $ 488 Ps. 10,070 Ps. 10,235 Ps. 10,542
Non-controlling interest     22   457   94   424
Consolidated net income   $ 510 Ps. 10,527 Ps. 10,329 Ps. 10,966
                   
Equity holders of the parent (U.S. dollars and Mexican pesos):                  
Earnings per share                  
Basic net controlling interest income 22 $ 0.24 Ps. 4.86 Ps. 4.94 Ps. 5.09
Diluted net controlling interest income 22   0.24   4.85   -   -

(*) Convenience translation to U.S. dollars ($) – See Note 2.2.3
The accompanying notes are an integral part of these consolidated income statements.