Empresas estatales

Financial statements

Sum of all companies
Financial situation as of December 31
Amounts in millions of pesos
Assets 2018 2019 2020 2021 2022 2023
Total current assets  26 745 009  27 549 844  36 386 172  38 488 580  39 550 457  38 470 905
Total non-current assets  54 793 566  61 667 462  63 102 244  71 421 346  76 721 725  82 163 366
Total assets  81 538 574  89 217 306  99 488 416  109 909 927  116 272 182  120 634 271
Liabilities and equity 2018 2019 2020 2021 2022 2023
Total current liabilities  35 591 527  37 983 411  43 299 551  45 479 610  42 997 233  48 635 516
Total non-current liabilities  31 349 016  35 670 619  41 041 512  47 336 320  54 701 068  53 090 147
Total assets  14 598 031  15 563 276  15 147 352  17 093 997  18 573 880  18 908 608
Total liabilities and equity  81 538 574  89 217 306  99 488 416  109 909 927  116 272 181  120 634 271
Income statement for the 12-month period ending December 31
Amounts in millions of pesos
2018 2019 2020 2021 2022 2023
ordinary activities income  20 059 447  19 556 925  17 651 286  29 863 017  33 355 513  32 074 319
Other income  163 984  355 187  135 253  217 127  215 246  177 376
Total expenses and costs 19 696 004 19 080 056 16 500 782 24 345 186 29 856 830 30 012 970
Sales cost  14 953 915  14 467 287  12 491 875  18 454 624  22 085 753  22 255 393
Distribution costs  178 317  175 957  123 735  148 015  200 294  263 986
Administration expenses  597 191  560 147  494 110  645 180  729 304  1 210 328
Raw materials and consumables used  131  119  82  91  148  172
Employee benefit expenses  451 947  475 957  473 416  503 091  555 536  619 270
Depreciation and amortization expenses  148 162  177 080  180 077  146 451  137 587  137 085
Other expenses  3 366 340  3 223 509  2 737 486  4 447 734  6 148 208  5 526 735
Other gains (losses)  90 793  69 474  69 731  93 990  108 962  120 350
Gains (losses) arising from the derecognition of financial assets measured at amortized cost  2 085  3 025  2 693  0  0  28 883
Financial income  176 585  204 627  121 684  31 328  310 278  383 969
Financial costs  632 260  706 681  884 730  1 091 325  957 257  1 199 773
Impairment of earnings and reversal of impairment losses (impairment losses) determined in accordance with IFRS 9  -110  -286  237  994  2 356  -1 747
Share of profits (losses) of associates and joint ventures accounted for using the equity method  98 508  23 109  44 560  379 983  87 398  -540 210
Foreign currency exchange gains (losses)  -27 173  60 507  -40 091  43 393  -276 171  6 478
Results of indexed units  -37 134  -62 980  -6 376  121 458  -391 593  -151 238
Gains (losses) arising from differences between previous carrying amounts and the fair value of financial assets reclassified as measured at fair value  -131  -69  -53  -16  -6 712  -8 174
Accumulated gain (loss) previously recognized in other comprehensive income arising from the reclassification of financial assets from the measurement category of fair value through other comprehensive income to that of fair value through profit or loss  -27  0  0  0  0  0
Profit (loss), before taxes  198 783  423 355  592 939  5 312 775  2 586 487  880 752
Income tax expenses  260 810  479 742  691 877  3 643 193  1 564 910  678 780
Profits (losses)  -62 027  -56 387  -98 938  1 669 253  1 021 577  201 972
Statement of cash flows for the 12-month period ending December 31
Amounts in millions of pesos
2018 2019 2020 2021 2022 2023
Net operating flow  2 586 749  2 207 296  11 391 878  4 513 336  1 477 147  5 750 617
Net investment flow  -3 666 684  -3 759 046  -2 544 091  -3 325 181  -4 143 971  -4 881 079
Net financing flow  1 311 530  1 757 561  1 111 177  -3 256 419  -629 177  341 247
Net increase (decrease) in cash and cash equivalents  3 038  163 621  9 882 241  -2 082 046  -3 293 982  1 186 242
Cash and cash equivalents at the beginning of the period  8 479 097  8 590 625  8 712 236  18 929 126  16 941 225  13 688 668
Cash and cash equivalents at the end of the period  8 500 013  8 764 745  18 602 791  16 926 844  13 647 243  14 874 910