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10 9bodal'rJctWW Ecpw
<br />a. Capital stock is variable. The f fixed minimum is Ps.132,874, represented by 337,400,000 shares with no par value.
<br />b. At a regular meeting held on April 24, 2001, the stockholders declared a cash dividend of Ps. 63,511, at Ps. o.i9 per share
<br />(PS. 64,686 in constant pesos).
<br />C. At a regular meeting held on April 25, 2ooo, the stockholders declared a cash dividend of Ps. 50,2o8, at Ps. 0.15 per share
<br />(Ps. 55,032 in constant pesos).
<br />d. On several occasions during the year the Company repurchased its own shares for a total of Ps. 49 (7,000 shares) and
<br />replaced 2,126,ooo shares, leaving 5,214.993 as treasury shares with a value of Ps. 35,604, which represents 1.5% of the
<br />outstanding shares. At December 31, 2000 the Company has 332,185,007 outstanding shares.The balance of the reserve
<br />available for the repurchase of the Company's own shares is Ps. 115.913•
<br />e. An analysis of stockholders' equity, excluding the deficit from restatement of stockholders' equity and the adjustment for the
<br />translation of foreign subsidiaries is as follows:
<br />Restatement
<br />December 31, 2001 Historical increment Total
<br />Capital stock
<br />Additional paid-in capital
<br />Stock premium
<br />Reserve for repurchase of Company's own shares
<br />Retained earnings
<br />Cumulative effect of deferred taxes
<br />Net majority income
<br />Total
<br />Ps. 132,874 Ps. 488,012 Ps. 62o,886
<br />462,736 ,672,937 2,135,673
<br />16o,635 _ 530,913 691,548
<br />6o,ooo 55,913 115,913
<br />1,611,036 1,054,6o8 2,665'644
<br />(897,012) (123,377) (1,020,389)
<br />517,667 14,684 532,351
<br />Ps. 2,047,936 Ps. 3,693,690 Ps. 5,741,626
<br />In conformity with the Mexican Corporations Act, at least 5% of the net income of each year must be appropriated to increase
<br />the legal reserve. This practice must be continued until the legal reserve reaches 2o% of capital stock issued and outstanding.
<br />The 5% income tax withholding from dividends paid to individual or foreign stockholders is eliminated effective January 2000.
<br />Dividends paid by the Company from the consolidated net tax profit account (CUFIN) will not be subject to taxation. However,
<br />dividends may only be paid from this account after the balance of the net reinvested tax profit account (CUFINRE) has been
<br />exhausted.
<br />When dividends are paid from the CUFINRE, the 5% deferred income tax on earnings for the year ended December 31, 2002
<br />must be paid (3% deferred income tax on earnings for the year ended December 31, 1999). If dividends are paid from sources
<br />other than the CUFIN or CUFINRE, they will be subject to taxation at the current statutory rate at the time the dividends are
<br />distributed, as well as the pyramiding factor specified in transitory provisions of the Mexican Income Tax Law effective as of
<br />January 1, 2002.
<br />Any amount distributed in excess of net tax account balances will be taxed it the 35% corporate income tax rate (40% in 2000
<br />if the dividend is paid to individuals or residents abroad).
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