Investor Presentaiton
Ps
(989) Ps
787,411
3,118
(18,078)
(3,394)
670,557
3,118
(30,538)
(1,694)
650
(837)
182
(14,483)
(3,505)
NOTE 5 ANALYSIS OF BALANCES AND TRANSACTIONS WITH RELATED PARTIES:
The principal net balances at December 31, 2009 and 2008 with subsidiaries and affiliates are as shown
below:
Accounts receivable (payable):
Hechos con Amor, S.A. de C.V.
Herdez del Fuerte - proportional consolidated (1)
Herimex Corporation
McCormick and Company, Inc.
Herflot, S.A. de C.V.
Herflot Tijuana, S.A. de C.V.
Barilla Alimentare
Year ending
December 31
2009
2008
During August and November 2009, Grupher acquired the overall shares of Seramano, S.A. de C.V.
(Seramano), Herpons Continental, S.A. de C.V. (Herpons Co) and Litoplas, S.A. de C.V. (Litoplas), known
as a whole as Grupo Colibrí. Due to the fact that the value of the assets and shares pertaining to the
companies acquired is considered to have been determined at fair value, goodwill of Ps68,625 was
recognized, arising from the difference between the purchase price of the shares and the value of the
companies' net assets at the date of acquisition. This acquisition was made from a related party.
The total amount of the benefits granted to key managerial personnel or relevant directors is equivalent
to that of similar operations conducted with other independent parties, as shown in Note 12 k.
NOTE 6 ANALYSIS OF INVENTORIES:
Year ending
December 31
2009
2008
Grupo KUO, S.A.B. de C.V.
Litoplas, S.A. de C.V.
Duque Jet, S.A. de C.V.
Herpons Continental, S.A. de C.V.
Desc Corporativo, S.A. de C.V.
Stafford de México, S.A. de C.V.
Fábrica de Envases del Pacífico, S.A. de C.V.
Other - Net
Net receivable (payable)
Ps 888,120 Ps 640,548
(1) Corresponding to net balances receivable from Herdez del Fuerte subsidiaries, in the 50% that
corresponds to the non-consolidating proportion.
During the years ended December 31, 2009 and 2008, the Company carried out the following operations
with related parties using prices equivalent to those used in operations conducted among independent
third parties.
7,003
Finished products
Ps 577,939
286
Semi-finished and in-process products
(1,124)
242
Raw materials and packaging materials
2,699
246,437
Ps 607,157
21,101
224,958
(848)
(2,377)
(2,986)
34,227
Inventory held by contract manufacturers
(maquiladores) and agents
Spare-parts warehouse
70,715
90,546
38,304
28,862
100,503
Ps 936,094 Ps 972,624
956
1,268
NOTE 7 PROPERTY, MACHINERY AND EQUIPMENT:
Year ending
December 31
Annual
depreciation
rate
2009
2008
%
Buildings
Ps 854,931
Machinery and tools
1,594,741
Transactions:
Interests earned
Interests paid
Service income
Corporate expenses
Leasing expenses
Administrative services
Freight services
Commissions on sales
Purchase of labels and other materials
Reserve for asset disposal (1)
Other
Fishing equipment
Year ending
December 31
Furniture and office equipment
Stowing and transportation equipment
2009
2008
Electronic data processing equipment
Other
Ps
4,183
(28,995)
Ps
2,439
(25,079)
Accumulated depreciation
6,096
6,929
Land
(58,250)
(53,183)
(63,135)
(61,525)
(21,362)
(33,277)
Construction in process, machinery
(13,122)
(11,425)
in transit and advances to suppliers
(61,681)
(487,897)
(71,606)
(16,162)
Ps (740,325) Ps (246,727)
181,373
Ps1,634,576
80,798
Ps 1,453,419
(1) The reserve for asset disposals corresponds to the possible impairment from closing down the Veracruz
and Ensenada plants, as well as to the transfer of operations from Mazatlán to Chiapas, as mentioned in
Note 17, and includes estimations of the realization value of assets and real property available for sale.
456,189
Ps 836,133
1,563,047
449,483
3 and 5
7 and 10
6
62,574
66,013
8
58,161
58,129
10 and 25
82,916
79,155
25
4,911
4,911
3,114,423
3,056,871
(1,737,975)
(1,716,165)
1,376,448
1,340,706
233,290
220,118
(156,535)
(188,203)
TRUST IN OUR FUTURE
111
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