H1 2019 Financial Performance and Strategic Overview
IFRS 16 adoption effect
1H19 without IFRS 16 effect
1H19 with IFRS 16 effect
(Figures in millions)
(Pesos)
% of net sales
(Pesos)
% of net sales
Jose Cuervo
Effects in profit from
IFRS 16
Operating profit
2,234
18
2,234
19
0
Financial results, net
80
1
125
1
45
Consolidated net income
1,606
13
1,561
14
-45
Depreciation and
amortization
EBITDA
246
2,480
22
304
3
20
2,538
22
$$
58
58
The Company adopted IFRS 16 initially on January 1, 2019, using the modified retrospective approach. Therefore, the cumulative effect of
adopting IFRS 16 was recognized as an adjustment to the opening balance (increase in assets and liabilities).
BOODLES
GIN
LONDON DRY
Hangar 1
VODKA
1 Three Olives.
KRAKEN Jose Cuervo
VODKA
Especial
Jose Cuervo
TRADICIONAL
COLORADO WISEEP
CENTENARIO
MAESTRO 1800
BUSHMILLS
Jose Cuervo
TEQUILERO
Stranahan's TINCUP
TEQUILA
22
22View entire presentation