Investor Presentaiton
Figures in million of pesos
December 31
Mexico
2009
U.S.
2008
Total
Mexico
U.S.
Total
NOTE 11 FINANCIAL INFORMATION PER SEGMENT:
The Company manages and evaluates its operation through fundamental economic operating
segments, which are segmented geographically. These economic segments are managed and controlled
independently.
Following is the condensed financial information on the geographic segments to be reported on:
c. Reconciliation of fair value of Plan Assets (PA).
Following is a reconciliation between the initial and final balances for 2009 and 2008, and the fair value
of employee benefit PA:
PA at January 1
Plus (less):
Interest for the period
December 31
2009
2008
Ps
33,774 Ps 33,282
5,362
(351)
Company contributions
7,750
4,500
Net sales
Ps 7,414
Ps 852
Ps 8,266
Ps 6,503
Ps 744
Ps 7,247
Benefits paid
(3,184)
(3,657)
Operating income
1,152
132
1,284
774
89
863
PA at December 31
Ps
43,702 Ps 33,774
Net profit
669
77
746
523
60
583
Depreciation and
amortization
108
12
120
102
12
114
d. Reconciliation of Defined Benefit Obligations, Plan Assets and Net Projected Liability (NPL).
Following is a reconciliation between the present value of the OBD and the fair value of PA and NPL
recognized in the balance sheet:
EBITDA
1,260
144
1,404
877
100
977
Total assets
5,390
619
6,009
4,909
562
5,471
December 31
2009
2008
Total liabilities
2,045
235
2,280
2,119
242
2,361
Labor liabilities:
OBD
Ps
(83,609)
Ps
(83,620)
NOTE 12 EMPLOYEE BENEFITS:
a. Following is a reconciliation between the initial and final balances of the present value of Defined
Benefit Obligations (OBD for its acronym in Spanish):
Less unamortized:
Actuarial (gains) losses
Transition liability
5,022
15,037
15,166
19,385
Market value of fund
43,702
33,774
Other benefits
NPL
Ps
(19,719) Ps (15,424)
Pensions
at retirement
2009
2008
2009
2008
e. Analysis of Periodic Pension Cost.
December 31
OBD at January 1, 2008
Ps 45,225
Ps 45,985
Ps 32,244
Ps 31,815
2009
2008
Plus (less):
Labor cost of current service
2,860
2,613
4,111
3,851
Labor cost of current service
Ps
6,971 Ps
6,473
Financial cost
Benefits paid
3,944
(2,816)
3,665
2,629
2,417
Financial cost
6,573
6,083
(2,574)
(3,956)
(4,152)
Expected yield of plan assets
(3,104)
(2,896)
OBD at December 31
Ps 49,213
Ps 49,689
Ps 35,028
Ps 33,931
Net amortization of transition liability and improvements to plan
Actuarial gain or loss - Net
4,590
4,885
2,161
1,433
b. The value of acquired benefits obligations at December 31, 2009 and 2008 totaled Ps39,210 and
Total
Ps
17,191
Ps
15,978
Ps55,770, respectively.
43
33
TRUST IN OUR FUTUREView entire presentation