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(Notes 1, 2 and 3)
For the years ended December 31, 2015 and 2014
Amounts expressed in thousands of pesos, unless earnings per share
| December 31, | ||||||
| Note | 2015 | 2014 | ||||
| Operating revenue: | ||||||
| Net sales of merchandise | $ | 78,547,671 | $ | 69,623,101 | ||
| Interest income from customers | 9,029,746 | 6,169,964 | ||||
| Leasing of investment property | 3,020,831 | 2,734,524 | ||||
| Services and others | 694,641 | 2,499,642 | ||||
| Total revenue | 22.2 | 91,292,889 | 81,027,231 | |||
| Costs and Expenses: | ||||||
| Cost of sales | 54,148,772 | 48,193,962 | ||||
| Administrative expenses | 24,488,810 | 21,906,321 | ||||
| Total costs and expenses | 21 | 78,637,582 | 70,100,283 | |||
| Operating income | 12,655,307 | 11,113,306 | ||||
| Finance costs | (970,015) | (1,164,789) | ||||
| Finance income | 259,016 | 201,761 | ||||
| Foreign exchange - net | (167,534) | (84,589) | ||||
| Equity in income of associates | 12 | 699,290 | 495,850 | |||
| Profit before income tax | 12,476,064 | 10,561,539 | ||||
| Income taxes | 22 | 3,263,165 | 2,797,179 | |||
| Consolidated net income | 9,212,899 | 7,764,360 | ||||
| Other items comprising comprehensive income: | ||||||
| Components of comprehensive income to be subsequently reclassified to the income statement Cash flow hedges- Net of income tax |
11 | (19,482) | 163,765 | |||
| Other comprehensive income items | (6,580) | 20,411 | ||||
| Components of comprehensive income not to be subsequently reclassified to the income statement Actuarial loss on post-employment benefits obligationsNet of income tax |
19 | 93,368 | (109,447) | |||
| Consolidated comprehensive income | $ | 9,280,205 | $ | 7,839,089 | ||
| Net income attributable to: | ||||||
| Controlling interest | $ | 9,210,729 | $ | 7,701,930 | ||
| Non-controlling interests | 2,170 | 880 | ||||
| $ | 9,212,899 | $ | 7,764,360 | |||
| Basic and diluted earnings per share | 24 | $ | 6.86 | $ | 5.78 | |
| Comprehensive income attributable to: | ||||||
| Controlling interest | $ | 9,278,127 | $ | 7,838,260 | ||
| Non-controlling interests | 2,078 | 829 | ||||
| $ | 9,280,205 | $ | 7,839,089 | |||
| Basic and diluted earnings per share | $ | 6.91 | $ | 5.84 | ||
The accompanying notes are an integral part of these consolidated financial statements.