Financial Review
Consolidated Statements of Financial Position FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. AND SUBSIDIARIES MONTERREY, N.L., MEXICO As of December 31, 2016 and 2015 . December December December Amounts expressed in millions of U .S . dollars ($) (*) and in millions of Mexican pesos (Ps .) . Note 2016 2016 2015 ASSETS Current Assets: Cash and cash equivalents 5 $ 2,117 Ps. 43,637 Ps. 29,396 Investments 6 6 120 19 Accounts receivable, net 7 1,272 26,222 18,012 Inventories 8 1,549 31,932 24,680 Recoverable taxes 24 447 9,226 8,544 Other current financial assets 9 131 2,705 2,418 Other current assets 9 199 4,109 3,654 Total current assets 5,721 117,951 86,723 Investments in associates and joint ventures 10 6,238 128,601 111,731 Property, plant and equipment, net 11 4,958 102,223 80,296 Intangible assets, net 12 7,434 153,268 108,341 Deferred tax assets 24 585 12,053 8,293 Other financial assets 13 744 15,345 8,955 Other assets 13 785 16,182 4,993 TOTAL ASSETS $ 26,465 Ps. 545,623 Ps. 409,332 LIABILITIES AND EQUITY Current Liabilities: Bank loans and notes payable 18 $ 93 Ps. 1,912 Ps. 2,239 Current portion of long-term debt 18 260 5,369 3,656 Interest payable 47 976 597 Suppliers 2,302 47,465 35,773 Accounts payable 564 11,624 9,236 Taxes payable 551 11,360 9,136 Other current financial liabilities 25 368 7,583 4,709 Total current liabilities 4,185 86,289 65,346 Long-Term Liabilities: Bank loans and notes payable 18 6,401 131,967 85,969 Employee benefits 16 216 4,447 4,229 Deferred tax liabilities 24 535 11,037 6,230 Other financial liabilities
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