| | Mexican GAAP Condensed Income Statement | | Millions of Mexican Pesos in purchasing power as of December 31, 2005 |
Twelve months ended December 31, | | | 0 | 2005 | 2004 | | (Audited) | (Audited) | | | | | Net sales | 32,481.0 | 30,291.2 | | Cost of sales (excluding depreciation and amortization) | 14,752.4 | 15,328.1 | | Operating expenses (excluding depreciation and amortization): | | | | Selling | 2,665.5 | 2,274.4 | | Administrative | 1,841.4 | 1,701.5 | | Depreciation and amortization | 2,419.0 | 2,144.2 | | Operating income | 10,802.8 | 8,843.0 | | Integral cost of financing | 1,782.0 | 1,566.7 | | Restructuring and non-recurring charges | 229.9 | 408.4 | | Other expenses, net | 464.2 | 532.1 | | Income before taxes | 8,326.6 | 6,335.8 | | Income tax and assets tax | 751.2 | 1,208.8 | | Employees' profit sharing | 19.9 | 6.7 | | Income before equity in earnings of affiliates, | | | | and cumulative effect of accounting changes | 7,555.5 | 5,120.2 | | Equity in earnings of affiliates, net | 160.2 | 635.5 | | Cumulative loss effect of accounting changes, net | (506.1) | (1,055.6) | | Consolidated net income | 7,209.6 | 4,700.1 | | Minority interest | (1,084.0) | (239.5) | | Net income | 6,125.5 | 4,460.6 | | Net income pero CPO | 2.11 | 1.53 | |
