ADD to BW1133 (GRUPO-ELEKTRA) after last paragraph xxx insert the following tables (PART 2 OF 2).MEXICO Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , D.F.--(BUSINESS WIRE)--February 14, 1997-- -0-
Grupo Elektra, S.A. de C.V.
MILLION PESOS AS OF DECEMBER 31, 1996 PURCHASING POWER
Analysts Summary IV Q 1995 IV Q 1996
QUARTERLY INFORMATION
PROFIT AND LOSS STATEMENT
Domestic Sales 93% 980.5 97% 1,358.7
Export Sales 7% 70.0 3% 45.3
NET SALES 100% $ 1,050.5 100% $1,404.0
Cost of Goods Sold 50% 522.2 55% 768.9
GROSS PROFIT 50% 528.2 45% 635.2
S. G. & A 18% 188.6 26% 366.9
Provision for Doubtful
Accounts 3% 26.4 4% 53.1
Depreciation &
Amortization 4% 38.4 1% 14.5
Operation Expenses 24% 253.3 31% 434.6
E. B. I. T. 26% 274.9 14% 200.6
Interest Expense 19% 202.9 5% 67.9
Interest (Income) 10% (108.3) 3% (43.2)
Foreign Exchange
Loss (Gain) 3% 30.0 4% 52.6
Net Monetary Loss (Gain) 3% (30.8) 0% (0.8)
Comprehensive Financing
Result 9% 93.9 5% 76.5
INCOME BEFORE TAXES &
PROFIT SHARING 17% 181.0 9% 124.1
Taxes and Profit Sharing 2% (17.6) 3% 41.9
INCOME AFTER TAXES &
PROFIT SHARING 19% 198.6 6% 82.3
Participation in
Subsidiaries 0% 4.3 2% 21.1
INCOME BEFORE EXTRAORDINARY
ITEMS 19% 202.9 7% 103.4
Extraordinary items 0% 0.0 0% 0.0
Minoritary Participation 0% 0.0 0% 1.1
NET INCOME 19% $202.9 7% $ 102.3
RATIOS
LEVERAGE (Total Liabilities/Shareholder's Equity 1.5 0.8
LIQUIDITY (Current Assets/Current Liabilities) 1.4 2.1
R.O.E. (Return on Equity) 23.5% 20.3%
R.O.A. (Return on Assets) 9.6% 11.1%
INTEREST COVERAGE (EBITDA + Int. Income)/
Interest/Expense 1.6 3.1
ELEKTRACPO MARKET RATIOS
Shares Outstanding (000) 119,712.6 120,095.4
LTM(a) Earnings per Share 3.2 5.1
Earnings per Share 1.7 0.9
LTM(a) Price Earnings Ratio (P / E) 13.1 12.2
Price Earnings Ratio (P / E) 24.9 72.7
Price Book Value Ratio (P / BV) 3.1 2.5
Market Value (Close) in Constant $ 42.1 61.9
(a) LTM = Last Twelve Months
Grupo Elektra, S.A. de C.V.
MILLION PESOS AS OF DECEMBER 31, 1996 PURCHASING POWER
Analysts Summary IV Q 1995 IV Q 1996
ACCUMULATED "BOLSA" INFORMATION
PROFIT AND LOSS STATEMENT
(1(a) Domestic Sales 94% 3,403.7 96% 4,189.10
Export Sales 6% 232.1 4% 186.6
NET SALES 100% $3,635.8 100% $4,375.7
(4(a) Cost of Goods Sold 49% 1,781.6 55% 2,395.6
GROSS PROFIT 51% 1,854.2 45% 1,980.1
S. G. & A 24% 870.2 25% 1,091.9
(6(a) Provision for
Doubtful Accounts 2% 71.1 3% 136.1
Depreciation & Amortization 2% 73.4 2% 82.4
Operation Expenses 28% 1,014.6 30% 1,310.4
E. B. I. T. 23% 839.6 15% 669.7
(5(a) Interest Expense 21% 771.4 7% 312.6
(1(a) Interest (Income) 9% (315.4) 5% (215.5)
Foreign Exchange Loss (Gain) 2% 79.0 1% 55.9
(2(a),7(a) Net Monetary
Loss (Gain) 3% (110.0) 0% (5.5)
Comprehensive Financing
Result 12% 424.9 3% 147.5
INCOME BEFORE TAXES &
PROFIT SHARING 11% 414.7 12% 522.2
Taxes and Profit Sharing 2% 54.8 2% 92.6
INCOME AFTER TAXES &
PROFIT SHARING 10% 359.9 10% 429.6
(3(a),8(a) Participation in
Subsidiaries 1% 25.5 2% 79.5
INCOME BEFORE EXTRAORDINARY
ITEMS 11% 385.4 12% 509.2
Extraordinary items 0% 0.0 3% 111.7
Minoritary Participation 0% 0.0 0% 10.9
NET INCOME 11% $ 385.4 14% $ 610.0
LTM(a) NET INCOME $ 385.4 $ 610.0
CONTRIBUTION PER BUSINESS UNIT(a)
ELEKTRA Credit HECALI Money TV TOTAL
Merchandise Merchandise Transfer TOTAL AZTECA with
TVA
REVENUES
Sales 3,235.2 160.3 215.6 3,611.1 3,611.1
(1(a) Credit Income 897.0 897.0 897.0
(2(a) Monetary Loss of
Credit Operation (179.6) (179.6) (179.6)
(3(a) Equity in Income of Associated Company 0.0 104.2 104.2
Total Revenue 3,235.2 717.4 160.3 215.6 4,328.6 104.2 4,432.7
COST
(4(a) Cost of
Goods Sold 2,284.0 111.6 2,395.6 2,395.6
(5(a) Interest Expense 92.4 11.5 103.9 103.9
(6(a) Provision for Doubtful
Accounts 136.1 136.1 136.1
(7(a) Monetary Gain of Credit
Operation (34.1) (34.1) (34.1)
(8(a) Amortization of Goodwill 0.0 24.6 24.6
Total Direct
Cost 2,284.0 194.4 111.6 11.5 2,601.5 24.6 2,626.2
GROSS PROFIT 951.3 523.0 48.6 204.1 1,727.0 79.5 1,806.6
Gross Margin 29% 73% 30% 95% 40% 76% 41%
Percentage
Contribution 53% 29% 3% 11% 96% 4% 100%
(a) THIS FORMAT IS ONLY FOR BUSINESS UNIT COMPARISON AND WILL BE
DIFFERENT FROM THE "BOLSA" P & L STATEMENTS ABOVE.
(a) THE NUMBERS (#(a) IDENTIFY THE RELATED ACCOUNT FROM WHICH
THEY ARE PART OF IN THE P&L STATEMENTS ABOVE.
Grupo Elektra, S.A. de C.V.
MILLION PESOS AS OF DECEMBER 31, 1996 PURCHASING POWER
Analysts Summary IV Q 1995 IV Q 1996
BALANCE SHEET
ASSETS
Cash and Cash Equivalents 1% 24.9 4% 197.8
Customers 30% 1,198.1 31% 1,715.1
Accounts Receivable 20% 809.2 6% 322.4
Inventory 26% 1,056.2 21% 1,128.9
Other Current Assets 1% 34.4 0% 13.7
Total Current Assets 77% 3,122.8 62% 3,378.0
Investment in Shares 2% 67.5 8% 419.0
Property Plant and
Equipment (Net) 13% 538.8 11% 609.8
Goodwill 5% 202.4 15% 834.5
Other Assets 2% 100.5 5% 249.7
TOTAL ASSETS 100% 4,032.1 100% 5,491.0
LIABILITIES AND STOCKHOLDERS' EQUITY
Bank Loans 32% 1,309.5 10% 562.6
Financial Leasing & Others 1% 55.7 1% 73.1
Current Liabilities with Cost 34% 1,365.1 12% 635.8
Suppliers 19% 766.4 15% 833.0
Other Current Liabilities 4% 159.2 3% 150.0
Current Liabilities without cost 23% 925.7 18% 983.0
Total Current Liabilities 57% 2,290.8 29% 1,618.7
Long-term Liabilities 2% 99.6 16% 865.7
TOTAL LIABILITIES 59% 2,390.3 45% 2,484.4
Common Stock 14% 562.9 31% 1,717.5
(Losses) Gain from holding
nonmonetary assets 6% (237.9) 8% (414.9)
Retained Earnings 33% 1,316.8 31% 1,703.9
Total Stockholders' Equity 41% 1,641.7 55% 3,006.6
LIABILITIES + EQUITY 100% 4,032.1 100% 5,491.0
CASH & CREDIT SALES
% Cash Sales 38.2% 34.6%
% Credit Sales 61.8% 65.4%
CONTACT: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. E. Fernandez Pedro Pedro. For Spanish and Portuguese rulers thus named, use Peter. Pedro in marrying former mistress of enemy. [Ger. Opera: d’Albert, Tief land, Westerman, 371–374] See : Innocence Gastsn Landa (LAN Dealers Association) An association that merged with NOMDA to become the Business Technology Association. See BTA. Investor Relations Investor relations The process by which the corporation communicates with its investors. Financial Information Elektra Tel. 011-629-9340 Elektra Tel. 011-629-9333 or Jane Valdez Valdez (văldēz`), city (1990 pop. 4,068), Valdez-Chitina-Whittier census div., S Alaska, at the head of Valdez Arm inside Prince William Sound; inc. 1901. It has tourist, mining, and fishing industries, as well as salmon spawning grounds. The Anne McBride Anne C. McBride (born Nova Scotia) was a frequent candidate in Canadian federal and provincial elections and by-elections in the 1970s, 1980s and 1990s. McBride was an ordained minister in the Assemblies of God, a Pentecostal Christian denomination. Co. Tel. 212-983-1702 |
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