Investor Presentaiton
4.- CASH AND CASH EQUIVALENTS:
An analysis of cash and cash equivalents at December 31, 2013 and 2012, is as follows:
December 31,
2013
Cash and cash in banks
Highly marketable
Ps.
7,826,506 Ps.
December 31,
2012
8,318,695
investments
13,302,985
Ps.
21,129,491 Ps.
19,844,534
28,163,229
5.- ACCOUNTS RECEIVABLE, NET:
An analysis of accounts receivable at December 31, 2013 and 2012, is as follows:
7.- ASSETS AND LIABILITIES HELD FOR SALE AND DISCONTINUED OPERATIONS:
As part of its business strategy, WALMEX reached a final agreement with ALSEA for this
company to acquire 100% of WALMEX' restaurant line of business, which includes the
Vips, El Portón, Ragazzi and La Finca ("VIPS") restaurant chains. The total sale price
is Ps. 8,200 million. This deal is subject to the approval of Mexico's Federal Economic
Antitrust Commission. Additionally, ALSEA shall pay WALMEX in the future rent for those
restaurant units that are located where other WALMEX' stores are located.
The Vips restaurant business consists of 360 restaurants of which 262 operate under the
"Vips" brand name, 92 units operate under the "El Portón" brand name and 6 units operate
under the "Ragazzi" brand name. Additionally, this transaction includes the transfer of
intellectual property related to the four brands, menus, product development, and operating
processes, among others.
An analysis of assets and liabilities classified as held for sale at December 31, 2013, is as
follows:
December 31,
2013
December 31,
2012
Walmart Bank
loan portfolio
Ps.
5,307,153 PS.
4,035,917
Recoverable taxes
3,958,463
3,308,944
Trade receivables
3,549,235
Other accounts receivable
606,153
3,065,220
489,200
Walmart Bank allowance
for credit risks
(
523,340)
( 364,063)
Reserve for bad debts
(trade receivables
and others)
Ps.
( 119,251)
12,778,413
Ps.
( 158,780)
10,376,438
Current assets
Ps.
Property and equipment, net
Other assets
Ps.
December 31,
2013
794,106
3,116,581
22,059
3,932,746
Accounts payable to suppliers Ps.
180,996
Other liabilities
345,282
Current liabilities
526,278
Non-current liabilities.
439,949
Total liabilities
Ps.
966,227
6.- INVENTORIES:
An analysis of inventories at December 31, 2013 and 2012, is as follows:
Main lines of the results from discontinued operations shown in the consolidated statement
of comprehensive income for the years ended December 31, 2013 and 2012, are as follows:
December 31,
December 31,
2013
2012
Merchandise for sale
Ps.
Agro-industrial development
41,262,225 PS.
641,094
41,903,319
37,426,732
Total revenues
Ps.
December 31,
2013
5,987,465 Ps.
December 31,
548,748
Costs, expenses and taxes
( 5,274,312)
2012
5,990,781
( 5,307,960)
37,975,480
Merchandise in transit
Ps.
1,891,578
43,794,897 Ps.
1,116,115
Net income from
39,091,595
discontinued operations
Ps.
713,153
Ps.
682,821
2013 Financial and
Social Responsibility Report
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