Investor Presentaiton
c. Capital stock is represented by registered shares with no par value. The Company's capital
stock must be represented by a minimum of 3,000,000,000 shares and a maximum of
100,000,000,000 shares.
At December 31, 2013 and 2012, an analysis of historical paid-in stock and the number of
shares representing it is as follows:
Changes in the stock option plan are as follows:
December 31,
December 31,
Capital stock
2013
2012
Fixed minimum capital
Ps.
Variable capital
5,591,362 Ps.
37,215,773
5,591,362
37,381,747
Total
Ps.
42,807,135 Ps.
42,973,109
Number of freely
subscribed common shares:
17,627,200,951
17,721,594,867
Weighted average
Number
of shares
price per share
(pesos)
Balance at January 1, 2012
Granted
261,291,765
19.27
37,202,679
39.79
Exercised
( 41,817,426)
14.82
Cancelled
6,031,950)
29.54
Balance at
December 31, 2012
250,645,068
22.81
Granted
38,214,955
39.21
Exercised
( 55,080,437)
15.52
( 9,002,077)
35.67
224,777,509
26.87
During the year ended December 31, 2013, WALMEX repurchased 96,000,000 (27,084,540
in 2012 of its own shares, of which 2,167,000 were cancelled as per the resolution adopted
at the shareholders' meeting held on March 27, 2012). As a result of the share repurchases,
the Company's historical capital stock was reduced by Ps. 233,133 (Ps. 65,670 in 2012). The
difference between the theoretical value and the repurchase cost of the shares acquired was
reflected against retained earnings.
d. Distributed earnings and capital reductions that exceed the net taxed profits account (CUFIN
per its acronym in Spanish) and restated contributed capital account (CUCA per its acronym
in Spanish) balances are subject to income tax, in conformity with Articles 11 and 89 of the
Mexican Income Tax Law.
At December 31, 2013 and 2012, the total balance of these two tax accounts is Ps. 143,033,415
and Ps. 135,398,711, respectively.
e. The employee stock option plan fund consists of 231,976,659 WALMEX shares, which have
been placed in a trust created for the plan.
The total compensation cost charged to operating results in the years ended December 31,
2013 and 2012 was Ps. 351,898 and Ps. 342,957, respectively, which represented no cash
outlay for the Company.
Cancelled
Balance at
December 31, 2013
Shares available
for option grant:
At December 31, 2013
7,199,150
1,962,028
At December 31, 2012
2013 Financial and
Social Responsibility Report
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