Banca Mifel, S. A., Institución de Banca Múltiple, Grupo Financiero Mifel Financial Statements At December 31, 2016

Transcription

1 Banca Mifel, S. A., Institución de Banca Múltiple, Grupo Financiero Mifel Financial Statements At

2 Balance Sheet ASSETS 2016 LIABILITIES AND STOCKHOLDERS EQUITY 2016 LIABILITIES CASH AND CASH EQUIVALENTS Ps 4,454 DEPOSITS: Demand deposits Ps 8,444 MARGIN ACCOUNTS - Time deposits: General public 12,353 INVESTMENTS IN SECURITIES Money market 932 Trading 7,361 Bank bonds 102 Available for sale ,831 Held to maturity 507 INTERBANK LOANS AND LOANS FROM OTHER ENTITIES 8,378 Due on demand 1,129 Short-term 3,598 DERIVATIVES FINANCIAL INSTRUMENTS 103 Long-term 7,557 12,284 ADJUSTMENT RELATED TO CHANGES IN THE FAIR VALUE OF HEDGED ITEM 117 CREDITORS UNDER AGREEMENTS TO REPURCHASE 7,585 PERFORMING LOANS Commercial loans 19,747 DERIVATIVES FINANCIAL INSTRUMENTS Consumer loans 50 For trading 94 Mortgages loans For hedging 168 Media and residential Credits acquired from INFONAVIT or FOVISSSTE 12,471 OTHER ACCOUNTS PAYABLE TOTAL PERFORMING LOANS 33,092 Tax on profits payable - Employees statutory profit sharing payable 28 NON-PERFORMING LOANS Creditors for liquidation operations 4,071 Commercial loans 180 Sundry creditors and other accounts payable 307 Consumer loans 2 4,406 Mortgages loans Media and residential 74 Credits acquired from INFONAVIT or FOVISSSTE 310 OUTSTANDING SUBORDINATED DEBENTURES 3,134 TOTAL NON-PERFORMING LOANS 566 DEFERRED CREDITS 156 TOTAL LOAN PORTFOLIO 33,658 TOTAL LIABILITIES 49,658 Less: ALLOWANCE FOR LOAN LOSSES (491) STOCKHOLDERS EQUITY LOAN PORTFOLIO - NET 33,167 STOCKHOLDER S EQUITY Capital stock 2,651 OTHER ACCOUNTS RECEIVABLE - NET 6,285 Contributions for future capital stock increases formalized by the stockholders meeting - FORECLOSED ASSETS - NET 50 2,651 EARNED CAPITAL: PROPERTY, FURNITURE AND EQUIPMENT - NET 887 Capital reserves 213 Retained Earnings 799 EQUITY INVESTMENTS 2 Result from valuation of securities available for sale (1) Result from valuation of instruments of cash flow hedges 2 DEFERRED TAXES AND EMPLOYEES STATUTORY PROFIT SHARING - NET 352 Net income 667 1,680 OTHER ASSETS - NET Deferred charges, advance payments and intangibles 194 TOTAL STOCKHOLDERS EQUITY 4,331 Other short and long-term assets - TOTAL ASSETS Ps 53,989 TOTAL LIABILITIES AND STOCKHOLDERS EQUITY Ps 53,989

3 Income Statement, except for per share data December 2016 Interest income Ps. 3,720 Interest expense (1,900) FINANCIAL MARGIN 1,820 Provision for loan losses (377) FINANCIAL MARGIN AFTER PROVISION FOR LOAN LOSSES 1,443 Commissions and fees income 289 Commissions and fees expense (352) Financial intermediation income 147 Other operating income 464 Administrative and promotional expenses (1,254) OPERATING INCOME 737 Share of results of unconsolidated subsidiaries, associates and joint ventures 1 INCOME BEFORE INCOME TAXES 738 Current income tax expense - Deferred income tax benefit -Net (71) INCOME BEFORE DISCONTINUED OPERATIONS 667 Discontinued Operations - NET INCOME Ps. 667

4 Statement of Changes in Stockholders' Equity PAID-IN CAPITAL EARNED SURPLUS Item Capital stock Contributions for future capital contributions arranged by its governing body Capital reserves Retained earnings Result from valuation of securities available for sale Result from valuation of instruments of cash flow hedges Remeasurem ents defined benefit for employees Net Income Total stock holder s equity Balances at December 31, , (6) ,730 CHANGES RELATED TO STOCKHOLDERS DECISIONS: Subscription of shares Capital reserves (46) Transfer of net income to retained earnings (465) - Other Total (465) 90 CHANGES RELATED TO RECOGNITION OF COMPREHENSIVE INCOME: Net income Result from valuation of securities available for sale (1) (1) Result from valuation of instruments of cash flow hedges Accrued effect of conversion Remeasurements defined benefit for employees Result from holding non-monetary assets Other (163) (163) Total (163) (1) Balances at Decembre 31, , (1) ,331

5 Cash Flow Statement December 2016 Net income Ps. 667 Adjustment from items not implying cash flows Depreciation of property, furniture and equipment 74 Amortization of intangible assets 1 Provisions 40 Current and deferred income tax 71 Other Changes in operating assets and liabilities Change in investments in securities (4,416) Change in receivables under repurchase agreements (1,400) Change in derivatives (assets) (95) Change in loan portfolio (net) (5,022) Change in other operating assets (net) 38 Change in deposits (63) Change in interbank loans and other entities 4,354 Change in payables under repurchase agreements 3,801 Change in collateral sold or given in guarantee 1,400 Change in derivative (liability) - Chagne in subordinated debenture with characteristic of liabilities 473 Change in other operating liabilities 1,238 Change in hedging instruments (the related hedged transaction activities) 69 Other 324 Net cash flows provided by (used in) operating activities 1,566 Investment activities Payments for acquisition of property, furniture and equipment (115) Charges for cash dividends - Net cash flows used in investment activities (115) Financing activities Issuance of shares 90 Net cash flows from financing activities 90 Net cash increase (decrease) 1,541 Effects of changes in the value of cash and cash equivalents - Cash and cash equivalents at beginning of period 2,913 Cash and cash equivalents at end of period Ps. 4,454