FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of February 2008
Commission File Number: 333-13580
|
TELÉFONOS DE MÉXICO, S.A.B. DE C.V. (Exact Name of the Registrant as Specified in the Charter) |
|
Telephones of Mexico (Translation of Registrant's Name into English) |
|
Parque Vía 190 Colonia Cuauhtémoc México City 06599, México, D.F. (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F....
Ö .....Form 40-F.........Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No...Ö ..
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
XFS-01 CONSOLIDATED BALANCE SHEETS, AT DECEMBER 31, 2006 & 2007
FS-02 CONSOLIDATED BALANCE SHEETS - BREAKDOWN OF MAIN CONCEPTS -
FS-03 CONSOLIDATED BALANCE SHEETS - OTHER CONCEPTS -
FS-04 CONSOLIDATED STATEMENTS OF INCOME FROM JANUARY 01 TO DECEMBER 31, 2006 & 2007
FS-05 CONSOLIDATED STATEMENTS OF INCOME - BREAKDOWN OF MAIN CONCEPTS -
FS-06 CONSOLIDATED STATEMENTS OF INCOME - OTHER CONCEPTS -
FS-07 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME FROM OCTOBER 01 TO DECEMBER 31, 2006 & 2007
FS-08 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME - BREAKDOWN OF MAIN CONCEPTS -
FS-09 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME - OTHER CONCEPTS -
FS-11 CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION - BREAKDOWN OF MAIN CONCEPTS -
FI-01 DATA PER SHARE - CONSOLIDATED INFORMATION
FI-02 RATIOS - CONSOLIDATED INFORMATION
ANNEX 1.- CHIEF EXECUTIVE OFFICER REPORT
ANNEX 2.- NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
ANNEX 3a.- SHARE INVESTMENTS -SUBSIDIARIES-
ANNEX 3b.- SHARE INVESTMENTS -AFFILATES-
ANNEX 6.- FOREING EXCHANGE MONETARY POSITION
ANNEX 7.- CALCULATION AND RESULT FROM MONETARY POSITION
ANNEX 9.- PLANTS, - COMMERCIAL, DISTRIBUTION AND/OR SERVICE CENTERS-
ANNEX 11a.- SALES DISTRIBUTION PRODUCT - SALES -
ANNEX 11b.- SALES DISTRIBUTION PRODUCT - FOREIGN SALES -
ANALYSIS OF PAID CAPITAL STOCK
ANNEX 13.- PROJECT INFORMATION
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-01
CONSOLIDATED BALANCE SHEETS
AT DECEMBER 31, 2006 & 2007
(Thousands of Mexican Pesos)
Final printing
---
|
REF S |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
||
|
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
|
Amount |
% |
Amount |
% |
||
|
s01 |
TOTAL ASSETS |
172,484,297 |
100 |
295,548,452 |
100 |
|
s02 |
CURRENT ASSETS |
30,708,153 |
18 |
75,201,183 |
25 |
|
s03 |
CASH AND SHORT-TERM INVESTMENTS |
4,752,923 |
3 |
10,765,752 |
4 |
|
s04 |
ACCOUNTS AND NOTES RECEIVABLE (NET) |
16,125,904 |
9 |
17,585,512 |
6 |
|
s05 |
OTHER ACCOUNTS AND NOTES RECEIVABLE (NET) |
3,168,008 |
2 |
3,155,062 |
1 |
|
s06 |
INVENTORIES |
2,191,110 |
1 |
1,709,158 |
1 |
|
s07 |
OTHER CURRENT ASSETS |
4,470,208 |
3 |
41,985,699 |
14 |
|
s08 |
LONG - TERM |
1,096,486 |
1 |
885,701 |
0 |
|
s09 |
ACCOUNTS AND NOTES RECEIVABLE (NET) |
0 |
0 |
0 |
0 |
|
s10 |
INVESTMENT IN SHARES OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES |
881,862 |
1 |
879,973 |
0 |
|
s11 |
OTHER INVESTMENTS |
214,624 |
0 |
5,728 |
0 |
|
s12 |
PROPERTY, PLANT AND EQUIPMENT (NET) |
120,648,559 |
70 |
124,612,813 |
42 |
|
s13 |
LAND AND BUILDINGS |
0 |
0 |
0 |
0 |
|
s14 |
MACHINERY AND INDUSTRIAL EQUIPMENT |
389,907,800 |
226 |
379,550,087 |
128 |
|
s15 |
OTHER EQUIPMENT |
0 |
0 |
0 |
0 |
|
s16 |
ACCUMULATED DEPRECIATION |
269,684,433 |
156 |
255,503,787 |
86 |
|
s17 |
CONSTRUCTIONS IN PROGRESS |
425,192 |
0 |
566,513 |
0 |
|
s18 |
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) |
2,662,350 |
2 |
1,891,872 |
1 |
|
s19 |
OTHER ASSETS |
17,368,749 |
10 |
92,956,883 |
31 |
|
s20 |
TOTAL LIABILITIES |
130,335,895 |
100 |
174,227,217 |
100 |
|
s21 |
CURRENT LIABILITIES |
32,620,186 |
25 |
60,781,656 |
35 |
|
s22 |
SUPPLIERS |
0 |
0 |
0 |
0 |
|
s23 |
BANK LOANS |
1,416,060 |
1 |
2,918,981 |
2 |
|
s24 |
STOCK MARKET LOANS |
10,866,200 |
8 |
6,121,840 |
4 |
|
s103 |
OTHER LOANS WITH COST |
0 |
0 |
0 |
0 |
|
s25 |
TAXES PAYABLE |
2,008,785 |
2 |
3,594,795 |
2 |
|
s26 |
OTHER CURRENT LIABILITIES |
18,329,141 |
14 |
48,146,040 |
28 |
|
s27 |
LONG - TERM LIABILITIES |
79,179,854 |
61 |
81,376,228 |
47 |
|
s28 |
BANK LOANS |
44,964,004 |
34 |
44,429,756 |
26 |
|
s29 |
STOCK MARKET LOANS |
34,215,850 |
26 |
36,946,472 |
21 |
|
s30 |
OTHER LOANS WITH COST |
0 |
0 |
0 |
0 |
|
s31 |
DEFERRED LIABILITIES |
0 |
0 |
0 |
0 |
|
s32 |
OTHER NON CURRENT LIABILITIES |
18,535,855 |
14 |
32,069,333 |
18 |
|
s33 |
CONSOLIDATED STOCKHOLDERS' EQUITY |
42,148,402 |
100 |
121,321,235 |
100 |
|
s34 |
MINORITY INTEREST |
39,034 |
0 |
3,515,734 |
3 |
|
s35 |
MAJORITY INTEREST |
42,109,368 |
100 |
117,805,501 |
97 |
|
s36 |
CONTRIBUTED CAPITAL |
30,321,757 |
72 |
48,930,531 |
40 |
|
s79 |
CAPITAL STOCK (NOMINAL) |
9,402,560 |
22 |
28,011,334 |
23 |
|
s39 |
PREMIUM ON SALES OF SHARES |
20,919,197 |
50 |
20,919,197 |
17 |
|
s40 |
CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES |
0 |
0 |
0 |
0 |
|
s41 |
CAPITAL INCREASE (DECREASE) |
11,787,611 |
28 |
68,874,970 |
57 |
|
s42 |
RETAINED EARNINGS AND CAPITAL RESERVE |
90,620,868 |
215 |
135,470,125 |
112 |
|
s44 |
OTHER ACCUMULATED COMPREHENSIVE RESULT |
(78,833,257) |
(187) |
(66,595,155) |
(55) |
|
s80 |
SHARES REPURCHASED |
0 |
0 |
0 |
0 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-02
CONSOLIDATED BALANCE SHEETS
- BREAKDOWN OF MAIN CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF S |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
||
|
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
|
Amount |
% |
Amount |
% |
||
|
s03 |
CASH AND SHORT-TERM INVESTMENTS |
4,752,923 |
100 |
10,765,752 |
100 |
|
s46 |
CASH |
1,072,121 |
23 |
1,126,817 |
10 |
|
s47 |
SHORT-TERM INVESTMENTS |
3,680,802 |
77 |
9,638,935 |
90 |
|
s07 |
OTHER CURRENT ASSETS |
4,470,208 |
100 |
41,985,699 |
100 |
|
s81 |
DERIVATIVE FINANCIAL INSTRUMENTS |
916,794 |
21 |
0.000 |
0 |
|
s82 |
DISCONTINUED OPERATIONS |
0 |
0 |
36,447,217.000 |
87 |
|
s83 |
OTHER |
3,553,414 |
79 |
5,538,482 |
13 |
|
s18 |
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) |
2,662,350 |
100 |
1,891,872 |
100 |
|
s48 |
AMORTIZED OR REDEEMED EXPENSES |
2,230,698 |
84 |
1,443,704 |
76 |
|
s49 |
GOODWILL |
431,652 |
16 |
448,168 |
24 |
|
s51 |
OTHERS |
0 |
0 |
0 |
0 |
|
s19 |
OTHER ASSETS |
17,368,749 |
100 |
92,956,883 |
100 |
|
s84 |
INTANGIBLE ASSET FROM LABOR OBLIGATIONS |
15,621,167 |
90 |
19,892,861 |
21 |
|
s85 |
DERIVATIVE FINANCIAL INSTRUMENTS |
0 |
0 |
0 |
0 |
|
s50 |
DEFERRED TAXES |
0 |
0 |
0 |
0 |
|
s86 |
DISCONTINUED OPERATIONS |
0 |
0 |
70,918,833 |
76 |
|
s87 |
OTHER |
1,747,582 |
10 |
2,145,189 |
2 |
|
s21 |
CURRENT LIABILITIES |
32,620,186 |
100 |
60,781,656 |
100 |
|
s52 |
FOREIGN CURRENCY LIABILITIES |
12,282,260 |
38 |
1,570,102 |
3 |
|
s53 |
MEXICAN PESOS LIABILITIES |
20,337,926 |
62 |
59,211,554 |
97 |
|
s26 |
OTHER CURRENT LIABITIES |
18,329,141 |
100 |
48,146,040 |
100 |
|
s88 |
DERIVATIVE FINANCIAL INSTRUMENTS |
215,876 |
1 |
1,265,167 |
3 |
|
s89 |
INTEREST LIABILITIES |
1,142,003 |
6 |
1,869,339 |
4 |
|
s68 |
PROVISIONS |
0 |
0 |
0 |
0 |
|
s90 |
DISCONTINUED OPERATIONS |
0 |
0 |
28,139,915 |
58 |
|
s58 |
OTHER CURRENT LIABILITIES |
16,971,262 |
93 |
16,871,619 |
35 |
|
s27 |
LONG-TERM LIABILITIES |
79,179,854 |
100 |
81,376,228 |
100 |
|
s59 |
FOREIGN CURRENCY LIABILITIES |
61,179,854 |
77 |
75,461,909 |
93 |
|
s60 |
MEXICAN PESOS LIABILITIES |
18,000,000 |
23 |
5,914,319 |
7 |
|
s31 |
DEFERRED LIABILITIES |
0 |
0 |
0 |
0 |
|
s65 |
GOODWILL |
0 |
0 |
0 |
0 |
|
s67 |
OTHERS |
0 |
0 |
0 |
0 |
|
s32 |
OTHER NON CURRENT LIABILITIES |
18,535,855 |
100 |
32,069,333 |
100 |
|
s66 |
DEFERRED TAXES |
18,314,625 |
99 |
16,600,323 |
52 |
|
s91 |
OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE |
221,230 |
1 |
240,274 |
1 |
|
s92 |
DISCONTINUED OPERATIONS |
0 |
0 |
15,228,736 |
47 |
|
s69 |
OTHER LIABILITIES |
0 |
0 |
0 |
0 |
|
s79 |
CAPITAL STOCK |
9,402,560 |
100 |
28,011,334 |
100 |
|
s37 |
CAPITAL STOCK (NOMINAL) |
83,590 |
1 |
252,539 |
1 |
|
s38 |
RESTATEMENT OF CAPITAL STOCK |
9,318,970 |
99 |
27,758,795 |
99 |
|
s42 |
RETAINED EARNINGS AND CAPITAL RESERVES |
90,620,868 |
100 |
135,470,125 |
100 |
|
s93 |
LEGAL RESERVE |
1,880,513 |
2 |
16,148,490 |
12 |
|
s43 |
RESERVE FOR REPURCHASE OF SHARES |
0 |
0 |
0 |
0 |
|
s94 |
OTHER RESERVES |
0 |
0 |
0 |
0 |
|
s95 |
RETAINED EARNINGS |
53,255,408 |
59 |
89,681,604 |
66 |
|
s45 |
NET INCOME FOR THE YEAR |
35,484,947 |
39 |
29,640,031 |
22 |
|
s44 |
OTHER ACCUMULATED COMPREHENSIVE RESULT |
(78,833,257) |
100 |
(66,595,155) |
100 |
|
s70 |
ACCUMULATED MONETARY RESULT |
(13,924,729) |
18 |
(15,162,567) |
23 |
|
s71 |
RESULT FROM HOLDING NON-MONETARY ASSETS |
(64,792,845) |
82 |
(74,199,568) |
111 |
|
s96 |
CUMULATIVE RESULT FROM FOREIGN CURRENCY TRANSLATION |
(637,978) |
1 |
22,730,949 |
(34) |
|
s97 |
CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL INSTRUMENTS |
535,119 |
(1) |
36,031 |
0 |
|
s98 |
CUMULTATIVE EFFECT OF DEFERRED INCOME TAXES |
- |
0 |
- |
0 |
|
s99 |
LABOR OBLIGATION ADJUSTMENT |
-12,824 |
0 |
0 |
0 |
|
s100 |
OTHERS |
0 |
0 |
0 |
0 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-03
CONSOLIDATED BALANCE SHEETS
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF S |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
s72 |
WORKING CAPITAL |
(1,912,033) |
14,419,527 |
|
s73 |
PENSIONS FUND AND SENIORITY PREMIUMS |
0 |
0 |
|
s74 |
EXECUTIVES (*) |
116 |
124 |
|
s75 |
EMPLOYEES (*) |
10,814 |
10,953 |
|
s76 |
WORKERS (*) |
45,694 |
46,821 |
|
s77 |
OUTSTANDING SHARES (*) |
19,360,397,470 |
20,203,118,170 |
|
s78 |
REPURCHASE OF OWN SHARER(*) |
842,720,700 |
1,841,964,100 |
|
s101 |
RESTRICTED CASH |
0 |
0 |
|
s102 |
DEBT WITH COST OF AFFILIATES NON CONSOLIDATED |
0 |
0 |
|
(*) THESE CONCEPTS SHOULD BE EXPRESSED IN UNITS |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-04
CONSOLIDATED STATEMENTS OF INCOME
- FROM JANUARY 01 TO DECEMBER 31, 2006 & 2007 -
(Thousands of Mexican Pesos)
Final printing
---
|
REF R |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
r01 |
OPERATING REVENUES |
130,767,671 |
100 |
129,755,347 |
100 |
|
r02 |
COST OF SALES AND SERVICES |
67,330,956 |
51 |
64,108,488 |
49 |
|
r03 |
GROSS INCOME |
63,436,715 |
49 |
65,646,859 |
51 |
|
r04 |
OPERATING EXPENSES |
19,552,442 |
15 |
19,382,513 |
15 |
|
r05 |
OPERATING INCOME |
43,884,273 |
34 |
46,264,346 |
36 |
|
r08 |
OTHER EXPENSES AND INCOMES (NET) |
(44,361) |
(0) |
(2,613,495) |
(2) |
|
r06 |
COMPREHENSIVE FINANCING COST |
(3,349,364) |
(3) |
(3,770,000) |
(3) |
|
r12 |
EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES |
17,245 |
0 |
8,724 |
0 |
|
r48 |
NON-ORDINARY ITEMS |
0 |
0 |
0 |
0 |
|
r09 |
INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING |
40,507,793 |
31 |
39,889,575 |
31 |
|
r10 |
PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
11,618,710 |
9 |
12,189,035 |
9 |
|
r11 |
NET INCOME AFTER INCOME TAX AND EMPLYEE PROFIT SHARING |
28,889,083 |
22 |
27,700,540 |
21 |
|
r14 |
INCOME FROM DISCONTINUED OPERATIONS (NET) |
6,595,675 |
5 |
1,951,101 |
2 |
|
r18 |
NET INCOME |
35,484,758 |
27 |
29,651,641 |
23 |
|
r19 |
NET INCOME OF MINORITY INTEREST |
(189) |
0 |
11,610 |
0 |
|
r20 |
NET INCOME OF MAYORITY INTEREST |
35,484,947 |
27 |
29,640,031 |
23 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-05
CONSOLIDATED STATEMENTS OF INCOME
- BREAKDOWN OF MAIN CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF R |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
r01 |
OPERATING REVENUES |
130,767,671 |
100 |
129,755,347 |
100 |
|
r21 |
DOMESTIC |
126,671,548 |
97 |
125,995,262 |
97 |
|
r22 |
FOREIGN |
4,096,123 |
3 |
3,760,085 |
3 |
|
r23 |
TRANSLATION INTO DOLLARS (***) |
376,960 |
0 |
345,739 |
0 |
|
r08 |
OTHER EXPENSES AND INCOMES (NET) |
(44,361) |
100 |
(2,613,495) |
100 |
|
r49 |
OTHER EXPENSES AND INCOMES (NET) |
2,822,658 |
(6,363) |
445,949 |
(17) |
|
r34 |
EMPLOYEE PROFIT SHARING |
2,867,019 |
(6,463) |
3,059,444 |
(117) |
|
r35 |
DEFERRED EMPLOYEE PROFIT SHARING |
0 |
0 |
0 |
0 |
|
r06 |
COMPREHENSIVE FINANCING COST |
(3,349,364) |
100 |
(3,770,000) |
100 |
|
r24 |
INTEREST EXPENSE |
6,615,402 |
(198) |
6,951,861 |
(184) |
|
r42 |
LOSS (GAIN) ON RESTATEMENT OF UDI'S |
0 |
0 |
0 |
0 |
|
r45 |
OTHER FINANCIAL COSTS |
0 |
0 |
0 |
0 |
|
r26 |
INTEREST INCOME |
1,396,088 |
(42) |
1,495,016 |
(40) |
|
r46 |
OTHER FINANCIAL PRODUCTS |
0 |
0 |
0 |
0 |
|
r25 |
FOREIGN EXCHANGE LOSS (GAIN) (NET) |
(643,137) |
19 |
(1,159,178) |
31 |
|
r28 |
RESULT FROM MONETARY POSITION |
2,513,087 |
(75) |
2,846,023 |
(75) |
|
r10 |
PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
11,618,710 |
100 |
12,189,035 |
100 |
|
r32 |
INCOME TAX |
10,411,963 |
90 |
12,522,159 |
103 |
|
r33 |
DEFERRED INCOME TAX |
1,206,747 |
10 |
(333,124) |
(3) |
|
(***) THOUSAND DOLLARS AT THE PREVAILING EXCHANGE RATE AT THE END OF THE REPORTING PERIOD. |
|||||
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-06
CONSOLIDATED STATEMENTS OF INCOME
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF R |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
r36 |
TOTAL REVENUES |
130,767,671 |
129,755,347 |
|
r37 |
TAX RESULT FOR THE YEAR |
0 |
0 |
|
r38 |
OPERATING REVENUES (**) |
130,767,671 |
129,755,347 |
|
r39 |
OPERATING INCOME (**) |
43,884,273 |
46,264,346 |
|
r40 |
NET INCOME OF MAJORITY INTEREST (**) |
35,484,947 |
29,640,031 |
|
r41 |
NET INCOME (**) |
35,484,758 |
29,651,641 |
|
r47 |
OPERATIVE DEPRECIATION AND ACCUMULATED |
17,434,266 |
17,621,038 |
|
(**) |
INFORMATION OF THE PAST TWELVE MONTHS |
||
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-07
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
- FROM OCTOBER 01 TO DECEMBER 31, 2006 & 2007 -
(Thousands of Mexican Pesos)
Final printing
---
|
REF RT |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
rt01 |
OPERATING REVENUES |
31,830,426 |
100 |
32,621,629 |
100 |
|
rt02 |
COST OF SALES AND SERVICES |
17,178,559 |
54 |
16,747,873 |
51 |
|
rt03 |
GROSS INCOME |
14,651,867 |
46 |
15,873,756 |
49 |
|
rt04 |
OPERATING EXPENSES |
5,306,054 |
17 |
4,826,597 |
15 |
|
rt05 |
OPERATING INCOME |
9,345,813 |
29 |
11,047,159 |
34 |
|
rt08 |
OTHER EXPENSES AND INCOMES (NET) |
(193,595) |
(1) |
(335,260) |
(1) |
|
rt06 |
COMPREHENSIVE FINANCING COST |
(145,425) |
(0) |
(150,836) |
(0) |
|
rt12 |
EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES |
(9,368) |
(0) |
(89,109) |
(0) |
|
rt48 |
NON-ORDINARY ITEMS |
0 |
0 |
0 |
0 |
|
rt09 |
INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING |
8,997,425 |
28 |
10,471,954 |
32 |
|
rt10 |
PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
2,330,550 |
7 |
2,986,931 |
9 |
|
rt11 |
NET INCOME AFTER INCOME TAX AND EMPLYEE PROFIT SHARING |
6,666,875 |
21 |
7,485,023 |
23 |
|
rt14 |
INCOME FROM DISCONTINUED OPERATIONS (NET) |
1,986,201 |
6 |
(637,713) |
(2) |
|
rt18 |
NET INCOME |
8,653,076 |
27 |
6,847,310 |
21 |
|
rt19 |
NET INCOME OF MINORITY INTEREST |
2,835 |
0 |
(1,681) |
(0) |
|
rt20 |
NET INCOME OF MAYORITY INTEREST |
8,650,241 |
27 |
6,848,991 |
21 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-08
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
- BREAKDOWN OF MAIN CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF RT |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
rt01 |
OPERATING REVENUES |
31,830,426 |
100 |
32,621,629 |
100 |
|
rt21 |
DOMESTIC |
27,734,303 |
87 |
31,618,111 |
97 |
|
rt22 |
FOREIGN |
4,096,123 |
13 |
1,003,518 |
3 |
|
rt23 |
TRANSLATION INTO DOLLARS (***) |
376,960 |
1 |
96,280 |
0 |
|
rt08 |
OTHER REVENUES AND (EXPENSES), NET |
(193,595) |
100 |
(335,260) |
100 |
|
rt49 |
OTHER REVENUES AND (EXPENSES), NET |
344,570 |
(178) |
399,745 |
(119) |
|
rt34 |
EMPLOYEE PROFIT SHARING |
538,165 |
(278) |
735,005 |
(219) |
|
rt35 |
DEFERRED EMPLOYEE PROFIT SHARING |
0 |
0 |
0 |
0 |
|
rt06 |
COMPREHENSIVE FINANCING COST |
(145,425) |
100 |
(150,836) |
100 |
|
rt24 |
INTEREST EXPENSE |
1,475,518 |
(1,015) |
2,340,906 |
(1,552) |
|
rt42 |
LOSS (GAIN) ON RESTATEMENT OF UDI'S |
0 |
0 |
0 |
0 |
|
rt45 |
OTHER FINANCIAL COSTS |
0 |
0 |
0 |
0 |
|
rt26 |
INTEREST INCOME |
331,801 |
(228) |
710,509 |
(471) |
|
rt46 |
OTHER FINANCIAL PRODUCTS |
0 |
0 |
0 |
0 |
|
rt25 |
FOREIGN EXCHANGE LOSS (GAIN) (NET) |
(101,235) |
70 |
204,168 |
(135) |
|
rt28 |
RESULT FROM MONETARY POSITION |
1,099,527 |
(756) |
1,275,393 |
(846) |
|
rt10 |
PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
2,330,550 |
100 |
2,986,931 |
100 |
|
rt32 |
INCOME TAX |
1,953,696 |
84 |
2,684,729 |
90 |
|
rt33 |
DEFERRED INCOME TAX |
376,854 |
16 |
302,202 |
10 |
|
(***) THOUSAND DOLLARS AT THE PREVAILING EXCHANGE RATE AT THE END OF THE REPORTING PERIOD. |
|||||
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-09
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF RT |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
rt47 |
OPERATIVE DEPRECIATION AND ACCUMULATED IMPAIRMENT LOSSES |
4,489,026 |
3,979,478 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-10
CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
- FROM JANUARY 01 TO DECEMBER 31, 2006 & 2007 -
(Thousands of Mexican Pesos)
Final printing
---
|
REF C |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
c01 |
NET INCOME |
35,484,758 |
29,651,641 |
|
c02 |
(+)(-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING RESOURCES |
18,456,055 |
22,709,539 |
|
c03 |
CASH FLOW FROM NET INCOME FOR THE YEAR |
53,940,813 |
52,361,180 |
|
c04 |
CASH FLOW FROM CHANGES IN WORKING CAPITAL |
(2,644,230) |
(4,582,213) |
|
c05 |
RESOURCES PROVIDED BY (USED FOR) OPERATING ACTIVITIES |
51,296,583 |
47,778,967 |
|
c06 |
RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES |
1,045,065 |
218,143 |
|
c07 |
RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES |
(24,602,913) |
(33,529,957) |
|
c08 |
RESOURCES PROVIEDED BY (USED FOR) FINANCING ACTIVITIES |
(23,557,848) |
(33,311,814) |
|
c09 |
RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES |
(33,751,564) |
(23,872,044) |
|
c10 |
NET INCREASE (DECREASE) IN CASH AND SHORT-TERM INVESTMENTS |
(6,012,829) |
(9,404,891) |
|
c11 |
CASH AND SHORT-TERM INVESTMENTS AT THE BEGINNIG OF PERIOD |
10,765,752 |
20,170,643 |
|
c12 |
CASH AND SHORT-TERM INVESTMENTS AT THE END OF PERIOD |
4,752,923 |
10,765,752 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-11
CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
- BREAKDOWN OF MAIN CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF C |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
c02 |
+(-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING RESOURCES |
18,456,055 |
22,709,539 |
|
c13 |
DEPRECIATION AND AMORTIZATION FOR THE YEAR |
18,425,285 |
18,740,398 |
|
c41 |
+(-) OTHER ITEMS |
30,770 |
3,969,141 |
|
c04 |
CASH FLOW FROM CHANGES IN WORKING CAPITAL |
(2,644,230) |
(4,582,213) |
|
c18 |
+(-) DECREASE (INCREASE) IN ACCOUNT RECEIVABLE |
1,459,606 |
1,655,894 |
|
c19 |
+(-) DECREASE (INCREASE) IN INVENTORIES |
(2,087,022) |
(1,110,036) |
|
c20 |
+(-) DECREASE (INCREASE) IN OTHER ACCOUNT RECEIVABLE AND OTHER ASSETS |
1,308,121 |
(5,838,171) |
|
c21 |
+(-) INCREASE (DECREASE) IN SUPPLIERS ACCOUNT |
0 |
0 |
|
c22 |
+(-) INCREASE (DECREASE) IN OTHER LIABILITIES |
(3,324,935) |
710,100 |
|
c06 |
RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES |
1,045,065 |
218,143 |
|
c23 |
+ BANK FNANCING |
14,930,842 |
17,182,460 |
|
c24 |
+ STOCK MARKET FINANCING |
0 |
0 |
|
c25 |
+ DIVIDEND RECEIVED |
0 |
0 |
|
c26 |
+ OTHER FINANCING |
0 |
0 |
|
c27 |
(-) BANK FINANCING AMORTIZATION |
(10,742,539) |
(14,120,769) |
|
c28 |
(-) STOCK MARKET FINANCING AMORTIZATION |
(8,305) |
(32,037) |
|
c29 |
(-) OTHER FINANCING AMORTIZATION |
(3,134,933) |
(2,811,511) |
|
c42 |
+ (-) OTHER ITEMS |
0 |
0 |
|
c07 |
RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES |
(24,602,913) |
(33,529,957) |
|
c30 |
+ (-) INCREASE (DECREASE) IN CAPITAL STOCK |
(780,210) |
(1,717,101) |
|
c31 |
(-) DIVIDENDS PAID |
(8,820,074) |
(8,846,171) |
|
c32 |
+ PREMIUM ON SALE OF SHARES |
0 |
0 |
|
c33 |
+ CONTRIBUTION FOR FUTURE CAPITAL INCREASES |
(15,002,629) |
(22,966,685) |
|
c43 |
+ (-) OTHER ITEMS |
0 |
0 |
|
c09 |
RESOURCES PROVIDED BY (USED FOR ) INVESTMENT ACTIVITIES |
(33,751,564) |
(23,872,044) |
|
c34 |
+(-) DECREASE (INCREASE) IN STOCK INVESTMENTS OF PERMANENT NATURE |
(181,845) |
(788,122) |
|
c35 |
(-) ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT |
(14,169,461) |
(13,721,441) |
|
c36 |
(-) INCREASE IN CONSTRUCTIONS IN PROGRESS |
0 |
0 |
|
c37 |
+ SALE OF OTHER PERMANENT INVESTMENT |
0 |
0 |
|
c38 |
+ SALE OF TANGIBLE FIXED ASSETS |
0 |
0 |
|
c39 |
+ (-) OTHER ITEMS |
(19,400,258) |
(9,362,481) |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FI-01
DATA PER SHARE
- CONSOLIDATED INFORMATION -
(Thousands of Mexican Pesos)
Final printing
---
|
D |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
Amount |
||||
|
d01 |
BASIC INCOME PER ORDINARY SHARE (**) |
$1.83 |
$1.42 |
||
|
d02 |
BASIC INCOME PER PREFERENT SHARE (**) |
$0.00 |
$0.00 |
||
|
d03 |
DILUTED INCOME PER ORDINARY SHARE (**) |
$0.00 |
$0.00 |
||
|
d04 |
INCOME FROM CONTINUOUS OPERATIONS PER ORDINARY SHARE (**) |
$1.83 |
$1.42 |
||
|
d05 |
EFFECT OF DISCONTINUOUS OPERATIONS ON INCOME FROM CONTINUOS OPERATIONS PER ORDINARY SHARE (**) |
$0.34 |
$0.10 |
||
|
d08 |
CARRYING VALUE PER SHARE |
$2.18 |
$5.83 |
||
|
d09 |
ACUMULATED CASH DIVIDEND PER SHARE |
$0.44 |
$0.44 |
||
|
d10 |
SHARE DIVIDENDS PER SHARE |
0.00 |
shares |
0.00 |
shares |
|
d11 |
MARKET PRICE TO CARRYING VALUE |
9.26 |
times |
2.73 |
times |
|
d12 |
MARKET PRICE TO BASIC INCOME PER ORDINARY SHARE (**) |
11.03 |
times |
11.19 |
times |
|
d13 |
MARKET PRICE TO BASIC INCOME PER PREFERENT SHARE (**) |
0.00 |
times |
0.00 |
times |
|
(**) INFORMATION OF THE PAST TWELVE MONTHS |
|||||
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FI-02
RATIOS
- CONSOLIDATED INFORMATION -
(Thousands of Mexican Pesos)
Final printing
---
|
REF P |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
||
|
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
|
YIELD |
|||||
|
p01 |
NET INCOME TO OPERATING REVENUES |
27.13% |
22.85% |
||
|
p02 |
NET INCOME TO STOCKHOLDERS' EQUITY (**) |
84.18% |
25.16% |
||
|
p03 |
NET INCOME TO TOTAL ASSETS ( **) |
20.86% |
10.03% |
||
|
p04 |
CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME |
29.79% |
29.08% |
||
|
p05 |
INCOME DUE TO MONETARY POSITION TO NET INCOME |
7.08% |
9.59% |
||
|
ACTIVITY |
|||||
|
p06 |
OPERATING REVENUES TO TOTAL ASSETS (**) |
0.75 |
times |
0.43 |
times |
|
p07 |
OPERATING REVENUES TO FIXED ASSETS (**) |
1.08 |
times |
1.04 |
times |
|
p08 |
INVENTORIES ROTATION (**) |
30.72 |
times |
37.50 |
times |
|
p09 |
ACCOUNTS RECEIVABLE IN DAYS OF SALES |
38.60 |
days |
42.42 |
days |
|
p10 |
INTEREST PAID TO TOTAL LIABILITIES WITH COST (**) |
8.80% |
7.69% |
||
|
LEVERAGE |
|||||
|
p11 |
TOTAL LIABILITIES TO TOTAL ASSETS |
75.56% |
58.95% |
||
|
p12 |
TOTAL LIABILITIES TO STOCKHOLDERS' EQUITY |
3.09 |
times |
1.43 |
times |
|
p13 |
FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES |
56.36% |
44.21% |
||
|
p14 |
LONG-TERM LIABILITIES TO FIXED ASSETS |
65.62% |
65.30% |
||
|
p15 |
OPERATING INCOME TO INTEREST PAID |
6.63 |
times |
6.65 |
times |
|
p16 |
OPERATING REVENUES TO TOTAL LIABILITIES (**) |
1.40 |
times |
0.74 |
times |
|
LIQUIDITY |
|||||
|
p17 |
CURRENT ASSETS TO CURRENT LIABILITIES |
0.94 |
times |
1.23 |
times |
|
p18 |
CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES |
0.87 |
times |
1.20 |
times |
|
p19 |
CURRENT ASSETS TO TOTAL LIABILITIES |
0.23 |
times |
0.43 |
times |
|
p20 |
AVAILABLE ASSETS TO CURRENT LIABILITIES |
14.57% |
17.71% |
||
|
STATEMENT OF CHANGES IN FINANCIAL POSITION |
|||||
|
p21 |
CASH FLOW FROM NET INCOME TO OPERATING REVENUES |
41.24% |
38.85% |
||
|
p22 |
CASH FLOW FROM CHANGES IN WORKING CAPITAL TO OPERATING REVENUES |
-2.02% |
-3.53% |
||
|
p23 |
RESOURCES PROVIDED BY OPERATING ACTIVITIES TO INTEREST PAID |
7.75 |
times |
6.59 |
times |
|
p24 |
EXTERNAL FINANCING TO RESOURCES PROVIDED BY (USED FOR) FINANCING |
-4.43% |
-0.65% |
||
|
p25 |
INTERNAL FINANCING TO RESOURCES PROVIDED BY (USED FOR) FINANCING |
104.43% |
100.65% |
||
|
p26 |
ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT TO RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES |
41.98% |
62.59% |
||
|
(**) INFORMATION OF THE PAST TWELVE MONTHS |
|||||
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 1
CHIEF EXECUTIVE OFFICER REPORT
Consolidated
Final printing
---
Highlights
4th Quarter 2007
At year-end, the number of TELMEX lines in service was 17 million 800 thousand of which approximately 10.1 million lines are in areas that appeal to competitors and where they have presence. The remaining 7.7 million lines are in areas that hold no interest to competitors. For the twelve months, the lines without competition generated revenues of 23.3 billion pesos and an operating loss of 3.0 billion pesos.
At December 31, 2007 TELMEX had 3.3 million Internet access services, of which 2.9 million are broadband Infinitum. It is estimated that the Internet market in Mexico reached 4.7 million services offered by domestic and foreign competitors. Even though the Internet market has existed for a few years, it surpasses cable TV services that have been offered in the country for over 40 years.
According to the OECD (Communications Outlook 2007) in the Mexican broadband market, where more than 28 foreign and domestic competitors participate, the number of users increased approximately 66% at June 2007, that is significantly above the OECD average of 25%, making Mexico one of the three countries with the highest Internet access growth rates. On the other hand, the lack of computers significantly limits growth of broadband services in Mexico since 4 out of 5 homes do not have a computer. Therefore, TELMEX will continue to finance computers for customers, whether or not they subscribe to Internet service. In this manner, up to 2007 TELMEX has sold close to 1.5 million computers with installments.
At TELMEX, as part of our strategy to increase Internet penetration in Mexican homes, we offer broadband Internet access services starting at 189 pesos per month (approximately US$17.40) (plus 28.4 pesos of value-added tax) and dial-up Internet access starting at 99 pesos per month (approximately US$9.10) (plus 14.8 pesos of value-added tax).
Even though the October 3, 2006 "Acuerdo de Convergencia" established the basis for the convergence of networks 17 months ago, there are still significant delays in the issuance of the corresponding rules. That is postponing the technological development of the country and preventing consumers from enjoying the benefits of convergence and access to a higher offering and to lower prices of telecommunications services.
In the fourth quarter, total revenues were 31.8 billion pesos, 2.4% lower than the same period of the previous year. This result was due to the increases of 16.6% and 7% in corporate networks and Internet access revenues, respectively, as well as decreases of 9% in local revenues and 7.6% in long distance revenues. For the twelve months, revenues reached 130.8 billion pesos, an increase of 0.8% compared with 2006.
EBITDA (1) totaled 14.2 billion pesos, 9.3% lower than the fourth quarter of the previous year. Operating income totaled 9.3 billion pesos, 15.4% lower than last year's fourth quarter. For the full year, EBITDA totaled 62.3 billion pesos, 4.1% lower than the previous year.
Income from continuing operations in the quarter totaled 6.7 billion pesos, 11% lower than the same period of last year. In the fourth quarter, earnings per share were 34 Mexican cents, a decrease of 8.1%, and earnings per ADR (2) were 63 US cents, a decrease of 6%, compared with the fourth quarter of 2006.
For the twelve months, net debt (3) increased the equivalent of 1.115 billion dollars to a total of 7.914 billion dollars.
Capital expenditures (Capex) were equivalent to 1.280 billion dollars for the twelve months. Share repurchases totaled 5.147 billion pesos during the fourth quarter.
(3) Net debt is defined as total debt less cash and cash equivalents and marketable securities.
Recent Events
Reorganization of TELMEX's Corporate Structure
The proposed escisión (spin-off) is expected to provide the following:
To allow each company to operate more efficiently and at the right scale, in Mexico and abroad in order to allow each of them to operate autonomously for administrative, commercial and financial purposes;
To improve the competitive position of each company; and
To tailor further the operation of TELMEX in the Mexican telecommunications market, distinguishing its operations in the middle-and high- revenue markets, in which there is competition, from the low-revenue and rural markets, in which there is no competition.
As a result of the escisión (spin-off) TELMEX's stockholders' equity was modified and TELMEX will request the Mexican Securities and Exchange Commission to update the registration of its shares in the National Securities Registry.
TELMEX expects that the escisión (spin-of) will become effective and further expects that the shares of TELMEX INTERNACIONAL will be delivered to TELMEX shareholders during 2008.
Operating Results
Lines in service and local traffic
At the end of the fourth quarter, there were 357 thousand fewer lines because the increase in broadband services represent a substitution for traditional lines in some cases and also due to more competition in the most attractive segments of the market, as well as for the evolution of our technological platform that allows us to substitute lines required for the operation and management of services. At year-end, there were 17.8 million lines in service
During the fourth quarter, local traffic decreased 7.6% compared with the same period in 2006, with a total of 5.995 billion local calls. Local traffic volume is still affected by competition from local and mobile telephony and by the migration of switched traffic to corporate networks, a trend that strengthens the data business although it adversely affects local traffic. Also affecting local traffic results is the migration of dial-up Internet services to Infinitum broadband services (ADSL).
Long distance
Domestic long distance (DLD) traffic was at a similar level as the fourth quarter of 2006, totaling 4.574 billion minutes, due to the decrease in termination traffic with long distance operators, partially offset by the increase of packages that include DLD minutes, as well as to the integration of domestic calling party pays service which registered 621 million minutes in the quarter.
In the quarter, outgoing international long distance (ILD) traffic increased 7.6% compared with last year's fourth quarter, totaling 490 million minutes. Incoming international long distance traffic, including international calling party pays traffic, decreased 8.2% compared with the same period of the previous year, totaling 1.738 billion minutes. The incoming-outgoing ratio was 3.5x.
Interconnection
In the fourth quarter, interconnection traffic increased 11% compared with the fourth quarter of the previous year, totaling 11.476 billion minutes. Calling party pays traffic increased 37.3% as a result of incorporating traffic from domestic and international calling party pays. If this effect were eliminated, local calling party pays traffic would have increased 1.5%, reflecting mobile telephony growth.
Internet access and corporate networks
At December 31, 2007 TELMEX had 3.3 million Internet access services, of which 2.9 million are broadband Infinitum. It is estimated that the Internet market in Mexico reached 4.7 million services offered by domestic and foreign competitors. Even though the Internet market has existed for a few years, it surpasses cable TV services that have been offered in the country for over 40 years.
According to the OECD (Communications Outlook 2007) in the Mexican broadband market, where more than 28 foreign and domestic competitors participate, the number of users increased approximately 66% at June 2007, that is significantly above the OECD average of 25%, making Mexico one of the three countries with the highest Internet access growth rates. On the other hand, the lack of computers significantly limits growth of broadband services in the country since 4 out of 5 homes do not have a computer. Therefore, TELMEX will continue to finance computers for customers, whether or not they subscribe to Internet service. In this manner, up to 2007 TELMEX has sold close to 1.5 million computers with financing.
At year-end, multiservice packages that offer access to broadband services along with different voice services at competitive prices increased 57.2% compared with 2006.
In the corporate market, billed line equivalents for data transmission increased 16.5% compared with a year earlier, bringing the total to 2.7 million line equivalents of 64 Kbps.
Financial Results
Revenues: In the fourth quarter, revenues from the operations in Mexico totaled 31.830 billion pesos, a decrease of 2.4% compared with the same period of the previous year. This result was due to the increases of 16.6% and 7% in corporate networks and Internet access services revenues, respectively, as well as to the decrease of 9% in local service revenues and the decrease of 7.6% in long distance revenues.
Local: Local revenues totaled 12.968 billion pesos in the fourth quarter, a decrease of 9% compared with the fourth quarter of 2006, due to the 4.9% reduction in real terms of revenue per local billed call, to the decrease of traffic due to competition from both mobile telephony and other public telephony operators, and to the migration of dial-up Internet access to broadband services.
DLD: DLD revenues totaled 4.154 billion pesos in the fourth quarter, 6.3% lower than the fourth quarter of 2006 since the average revenue per minute was 6.2% lower in real terms.
ILD: In the fourth quarter, ILD revenues totaled 2.248 billion pesos, a decrease of 10% compared with the fourth quarter of 2006. Revenues from outgoing traffic declined 4.2% to 1.448 billion pesos compared with the fourth quarter of 2006 due to the 13% decrease in the average revenue per minute in real terms, partially offset by the 7.6% increase in outgoing ILD traffic. Incoming international long distance revenues totaled 799 million pesos, a decrease of 18.9% compared with the fourth quarter of 2006, reflecting the decrease of 8.2% in incoming traffic.
Interconnection: In the fourth quarter, interconnection revenues increased 10.1% to 5.377 billion pesos compared with the same period of 2006, mainly due to the introduction of domestic and international calling party pays. If this effect were eliminated, interconnection revenues would have decreased 11.9% because of the 10% reduction of the local calling party pays rate.
Corporate networks: In the fourth quarter, revenues from services related to data transmission through private and managed networks totaled 3.011 billion pesos, 16.6% higher than the same period of the previous year. The increase was due to the higher number of services and the sale of value-added services, which offset the reduction in unit prices of these services.
Internet: Revenues from Internet access in the fourth quarter totaled 2.872 billion pesos, 7% higher than last year's fourth quarter due to growth in broadband services but also reflecting the price reduction in broadband Infinitum services (ADSL) that took effect in April 2007.
Costs and expenses: In the fourth quarter, total costs and expenses were 22.484 billion pesos, an increase of 4.2% compared with the fourth quarter of 2006. This increase was mainly due to higher costs of telephone handsets and equipment for customers as well as additions to the reserve for bad debt and the write off of assets, both of which were related to the higher volume of line disconnections in the quarter.
Cost of sales and services: In the fourth quarter, cost of sales and services increased 4.8% compared with the same period of 2006, totaling 8.586 billion pesos, due to higher computer and telecommunications equipment costs related to higher sales and bad-debt charges related to the higher volume of disconnections in the quarter, partially offset by initiatives to optimize resource use.
Commercial, administrative and general: In the quarter, commercial, administrative and general expenses totaled 5.306 billion pesos, 9.9% higher than last year's fourth quarter due to the charges in the reserve for bad debt related to the higher number of disconnections in the quarter.
Transport and interconnection: In the fourth quarter, transport and interconnection costs totaled 3.784 billion pesos, a decrease of 5.5% compared with the same period of 2006 as a result of the 13% decrease in the amount paid to mobile telephony operators for local calling party pays service and higher domestic and international calling party pays service, which generated costs of 1.182 billion pesos in the quarter.
Depreciation and amortization: In the quarter, depreciation and amortization increased 5.7% to 4.808 billion pesos due to the write off of assets related to line disconnections and to higher depreciation charges related to our operations in the United States due to higher investments.
EBITDA (1) and operating income: EBITDA (1) totaled 14.154 billion pesos in the fourth quarter, a decrease 9.3% compared with the same period of last year. The EBITDA margin was 44.5%. Operating income totaled 9.346 billion pesos in the fourth quarter and the operating margin was 29.4%.
Comprehensive financing result: Comprehensive financing cost produced a charge of 146 million pesos in the quarter. This resulted from: i) net interest charge of 1.144 billion pesos, 29.8% lower than the same period of 2006, due to recognition of the market value of interest rate swaps and the increase in the level of indebtedness ii) a net exchange loss of 101 million pesos from the fourth-quarter exchange rate appreciation of 0.0541 pesos per dollar, offset by the 6.580 billion dollars in dollar-peso hedges (weighted average exchange rate: 10.9482 pesos per dollar), and iii) a gain of 1.099 billion pesos in the monetary position.
Income from continuing operations: income from continuing operations in the fourth quarter totaled 6.664 billion pesos, 11% lower than the same period of the previous year. Earnings per share were 34 Mexican cents, a decrease of 8.1% compared with the same period of the previous year, and earnings per ADR were 63 US cents, a decrease of 6% compared with the same period of 2006.
Investments: For the twelve months, capital expenditures (capex) were the equivalent of 1.280 billion dollars, of which 74.4% was used for growth projects in the voice, data and transport infrastructure, 24% for operational support projects and operating needs, and 1.6% for social telephony.
Debt: Gross total debt at December 31 was the equivalent of 8.417 billion dollars, of which 13.4% is short-term and 86.6% is long-term. Additionally, 80.3% is in foreign currency and 45.9% of the total debt has fixed interest rate that converts to 73.1% if 23.752 billion pesos of interest rate swaps at an average interest rate of 8.145% are included. Total net debt (3) increased during 2007 the equivalent of approximately 1.115 billion dollars, totaling 7.914 billion dollars.
Repurchase of shares: For the twelve months, the company used 15.783 billion pesos to repurchase its own shares. Of that total, 5.147 billion pesos were applied during the fourth quarter to repurchase 260 million 980 thousand shares.
Prior to the incorporation of TELMEX Internacional, its operations were conducted through subsidiaries of Telmex. The following financial statements for the years ended December 31, 2007 and 2006, are presented on a combined basis prepared from TELMEX's historical accounting records, and include the historical operations of the entities transferred to TELMEX Internacional by TELMEX in the spin-off ("escisión").
The following financial information is presented in constant pesos as of December 2007, based on an independent operation, according to Mexican Financial reporting Standards.
TELMEX Internacional Results
Revenues: For the twelve months, TELMEX Internacional revenues totaled 68.043 billion pesos, an increase of 3.4% compared with the same period of the previous year. This result was due to the increase of 42.9% in local service revenues, 25.1% in revenues from the Internet access business and 27.5% in other revenues, mainly comprised of Yellow Pages and Cable TV services. On the other hand, domestic and international long distance revenues decreased 7.4% and 9.9%, respectively.
Costs and expenses: For the full year, costs and expenses totaled 57.546 billion pesos, a decrease of 6.9% due to the previous year's recognition of non-recurring charges in Embratel for contingencies related to income tax applied to incoming international long distance for 222 million reais (1.362 billion pesos) and a charge related to agreements with the States of Brazil related to the ICMS tax (Imposto Sobre Circulação de Mercadoria e Prestação de Serviços) for 632 million reais (3.877 billion pesos) If the non-recurring charges in 2006 were eliminated, costs and expenses would have increased 1.7%, benefiting from the integration of the cable TV companies in Colombia.
EBITDA (1) and operating income: For the twelve months EBITDA (1) totaled 18.279 billion pesos, an increase of 48.2% compared with the same period of 2006. The EBITDA margin was 26.9%. TELMEX Internacional's operating income totaled 10.497 billion pesos, an increase of 164.7%, producing a margin of 15.4%.
Majority net income: Majority net income for the full year totaled 6.596 billion pesos, 238.1% higher than the previous year. Earnings per share for the twelve months would have been 34 Mexican cents, an increase of 254.9% compared with the same period of 2006, and earnings per ADR would have been 63 US cents, an increase of 255.2% compared with the same period of the previous year.
The following financial information is presented in the local currency of each country, according to that country's generally accepted accounting principles, before eliminating inter-company operations among companies of TELMEX Internacional.
Brazil
During 2007, Embratel's strategies were focused on consolidating its evolution from a long distance service provider to an integrated telecommunications company. Accordingly, long distance revenues have decreased from 65% of the total in 2004 to 53% in 2007. In the same period local service revenues increased from 9% to 15%, reflecting the 37% increase in the number of local services during 2007 and the integration of Net Fone (triple play) offered though Net Serviços, which served 561 thousand customers at December 31.
Revenues: In the fourth quarter, revenues totaled 2.2 billion reais, 7.1% higher than the same quarter of the previous year. Higher revenues were mainly due to the 53.7% increase in local service revenues partially offset by the 4.4% decrease in domestic long distance revenues.
Local: In the fourth quarter, local revenues reached 365 million reais, 53.7% higher than the same period of 2006 due to the 37% increase in local service customers.
Domestic long distance: Domestic long distance revenues totaled 1.020 billion reais, 4.4% lower than the fourth quarter of 2006 due to the 7.8% decrease in traffic, partially offset by a 3.6% increase in average revenue per long distance minute.
International long distance: In the quarter, international long distance revenues totaled 123 million reais, 0.7% lower than the same period of 2006, because the average revenue per long distance minute decreased 1%, partially offset by the 0.3% increase in traffic.
Corporate networks and Internet: In the fourth quarter, revenues from data and Internet access services totaled 566 million reais, 0.6% lower than the fourth quarter of 2006, notwithstanding the 31% increase in line equivalents for data transmission and the increase of 24.3% in Internet access services.
Costs and expenses: Costs and expenses were 1.993 billion reais in the quarter, a decrease of 9.8% from the 2006 period, which included a non-recurring charge of 222 million reais related to income tax applied to incoming long distance and to a non-recurring additional charge of 117 million reais related to the ICMS tax (Imposto Sobre Circulação de Mercadoria e Prestação de Serviços). If this effect were eliminated, costs and expenses would have increased 6.5% mainly due to higher personnel expenses and higher costs of telephone handsets related to growth in local services, offset by the rationalization of resource use.
EBITDA (1) and operating income: EBITDA (1) totaled 515 million reais in the fourth quarter, producing a margin of 23.1%. Operating income totaled 233 million reais in the quarter, producing a margin of 10.5%.
Colombia
At year-end, the cable TV companies' combined network passed through more than 4 million households that is 27.3% bi-directional. The cities of Bogota, Medellin and Cali represent more than 39.2% of Colombia's population and 36.7% of our network in those three metropolitan areas is bi-directional, allowing us to expand penetration of triple play, which had 98 thousand customers at the end of the fourth quarter.
Strategies for the voice and data businesses were focused on growing the data business in the corporate and small and medium-sized segments. These strategies were reflected in the 66% increase in line equivalents compared with December 31, 2006.
In the fourth quarter, revenues totaled 170.560 billion Colombian pesos, 213% higher than the same period of 2006. Higher revenues were mainly due to expanded relationships with several corporate customers and the integration of the cable TV companies, which contributed 124.607 billion Colombian pesos to fourth-quarter results.
Total costs and expenses increased 333% compared with last year's fourth quarter, totaling 187.025 billion Colombian pesos, mainly due to the incorporation of the cable companies, which accounted for 138.039 billion Colombian pesos, and to higher personnel expenses to serve the small and medium-sized market. In the quarter there was an operating loss of 16.465 billion Colombian pesos compared with operating income of 11.325 billion Colombian pesos in the year-ago fourth quarter, mainly due to higher depreciation charges related to the update of the cable TV companies network. In the fourth quarter, EBITDA (1) totaled 9.124 billion Colombian pesos with a margin of 5.3%, compared with EBITDA (1) of 20.570 billion Colombian pesos in the same period of the previous year.
Argentina
In the quarter, revenues from the operations in Argentina totaled 139.9 million Argentinean pesos, an increase of 52.7% compared with the same period of the previous year, due to increases in revenues in the corporate and Internet businesses and local services of 45.5% and 32.5%, respectively, and the increase in equipment sales for customers of 22.4 million Argentinean pesos, partially offset by the decrease in interconnection revenues with other operators.
Operating costs and expenses totaled 150.5 million Argentinean pesos in the quarter, an increase of 51% due to higher commissions and network maintenance costs related to growth in local services, as well as higher expenses related to the sale of equipment for customers.
In the quarter, EBITDA (1) totaled 12.7 million Argentinean pesos, an increase of 81.4% compared with the same period of 2006, producing a margin of 9.1%. The operating loss was 10.6 million Argentinean pesos in the quarter compared with a loss of 8.1 million Argentinean pesos in the same period of the previous year.
Chile
In Chile, the deployment of the nationwide wireless network in the 3.5 GHz frequency using the WiMax platform was concluded during 2007. The project was finished within the established time frame and quality standards. This network covers 98% of the Chilean population, which will allow us to introduce multi-service packages that include broadband Internet, access services and different voice services.
Revenues from the operations in Chile reached 21.841 billion Chilean pesos, 22.4% more than the fourth quarter of 2006 due to the incorporation of revenues from satellite TV services, which totaled 2.492 billion Chilean pesos. Revenues from the corporate networks and Internet access businesses rose 16.2%, while local services revenues increased 49.5%. Long distance revenues decreased 21% as this market declined because of migration to mobile services and private networks.
In the fourth quarter, total costs and expenses were 24.123 billion Chilean pesos, an increase of 22.9% compared with the same period of the previous year. Costs of sales and services increased 49.5% mainly due to higher network maintenance costs related to growth in local services. Commercial, administrative and general expenses increased 23.1% due to higher personnel and advertising expenses to drive the sale of multi-service packages over the WiMax platform. In the quarter, there was an operating loss of 2.282 billion Chilean pesos compared with an operating loss of 1.774 billion Chilean pesos in the same period of the previous year. EBITDA (1) totaled 2.009 billion Chilean pesos, producing a margin 9.2%.
Peru
In the fourth quarter, revenues totaled 78.5 million New Soles, 42% higher than the same period of the previous year, due to the incorporation of Cable TV and Yellow Pages revenues. The data business, which represents 33.1% of total revenues, increased 37.6%. In the quarter, voice business revenues decreased 6.9% compared with the same period of 2006 since the 6.6% increase in local revenues was not enough to offset the decrease in interconnection revenues with other operators.
In the fourth quarter, costs and expenses increased 43.2%, reflecting increases of 9.9% in transport and interconnection costs and 148.6% in costs of sales and services, mainly due to the integration of the cable TV businesses. EBITDA (1) totaled 14.1 million New Soles, 8.5% higher than the same period of 2006, producing a margin of 18%.
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SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 2
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Figures in Thousand Mexican Pesos)
Spin-Off ("Escisión")
On December 21, 2007, Telmex's shareholders approved the spin-off of all of its Latin American and yellow pages businesses. As a result of the spin-off, Telmex Internacional, S.A.B. de C.V. (Telmex Internacional) was established as a new Mexican corporation, independent of Telmex, to which related specified assets, liabilities and equity were transferred.
Neither Telmex nor Telmex Internacional owns any capital stock of the other. As a result of the spin-off, each Telmex shareholder became a shareholder in Telmex Internacional, and consequently, both companies are controlled by the same group of shareholders. The relationships between the two companies are limited to: (a) agreements relating to the implementation of the spin-off; (b) completion of international traffic, publishing and distribution of telephone directories, and use of each other's services, generally on terms similar to those on which each company does business with third parties (c) certain transitional arrangements that will continue while Telmex Internacional develops independent capabilities.
In the financial statements, the assets and liabilities of the spun-off entities are shown as current and non current assets and liabilities of discontinued operations, and the revenues and expenses of these entities are included in the income statement as income from discontinued operations, net of income taxes and employee profit sharing. Accordingly, the figures in the financial statements 2007 and 2006 and related notes before the spin-off, were restated to present the assets and liabilities and the revenues, costs and expenses from continuing operations of Telmex, separated from discontinued operations.
Assets and liabilities of discontinued operations were transferred to Telmex Internacional at their book value. The amount of stockholders' equity transferred to Telmex Internacional in the spin-off represents the difference between the assets and liabilities transferred and was accounted for as a reduction in Telmex's equity at the time of the spin-off.
S 87 OTHERS
In this item there are included the inventories for telephone plant operation that at December 31, 2007 and 2006 rose $1,747,582 and $2,145,189, respectively which are valued by the average cost method and are updated based on the specific index method, without exceeding their market value.
S 84 INTANGIBLE ASSETS FOR LABOR OBLIGATIONS
This item includes the projected net asset pursuant to Bulletin D-3 Labor Obligations issued by the Mexican Institute of Public Accountants.
At December 31, 2007 and 2006, the market value of the established pensions and seniority premium fund was greater than the accumulated benefit obligation (ABO) in Mexico, and pursuant to Bulletin D-3, it is not recognized neither any additional liability nor the related intangible asset and effect of labor obligation on stockholders' equity. As a result of the foregoing, the balance sheet presents a projected net asset.
S 23 AND S 28 BANK LOANS
In this item, there are included the banks' credits related to purchase programs to suppliers that have been traditionally reported in the suppliers' credits item of the Balance Sheet because long-term opening to suppliers does not exist in EMISNET.
On October 20, 2005, TELMEX entered into an agreement to restructure the syndicated loan agreement dated July 15, 2004 for 2.425 billion dollars to improve the credit conditions and increase the total amount to 2.5 billion dollars in two tranches, the first one for 1.5 billion dollars with a four-year maturity and the second one for 1 billion dollars with a six-year maturity. No penalties were assessed for the restructuring of the syndicated loan.
On August 11, 2006 such syndicated loan was restructured again in order to improve the credit terms and increasing the total loan amount to 3 billion dollars divided in three tranches, the first one for 1.3 billion dollars with a three-year maturity, the second one for 1 billion dollars with a five-year maturity years and the third one for 700 million dollars with a seven- year maturity.
On June 30, 2006 Telmex entered into a syndicated loan agreement in the amount for 500 million dollars divided into two tranches of 250 million dollars each, with a four-year and six-year maturity, respectively.
S 24 AND S 29 STOCK MARKET LOANS
On November 19, 2003, TELMEX issued a bond for U.S.$ 1.0 billion due 2008, with an annual interest of 4.5%. Interests are payable semiannually.
On January 27, 2005, TELMEX placed senior notes in aggregate principal amount of U.S.$1.3 billion in two issuances of U.S.$650 million each. The first one maturing in 2010 and bearing interest at 4.75% annual and the second one maturing in 2015 and bearing interest at 5.50% annual. Interests are payable semiannually. On February 22, 2005, there was a reopening of this transaction and the amounts of such issuances increased to U.S. $950 million and U.S. $800 million, respectively.
On January 26, 2006, TELMEX placed abroad a senior note in the amount of Ps. 4.5 billion (face value), maturing in 2016 and bearing interest at 8.75% annual. Interests are payable semiannually.
On April 23, 2007, Telmex placed domestic senior notes "Certificados Bursátiles" for Ps. 9.5 billion in two tranches, the first one for Ps. 5.0 billion with a term of 30 years at a fixed interest rate of 8.36% annual and the second one for Ps. 4.5 billion with a term of 5 years at a rate of "TIIE" Interbank rate less 10 basis points.
In the second half of year 2006, the Company entered into cross currency swaps agreements to hedge the exchange rate and interest rate risks related to the issuance of bonds with maturity in 2010 and 2015 for a total amount of 1.750 billion dollars, (with interest rate of 4.75% and 5.5%, respectively), and the 500 million dollars syndicated loan divided in two tranches with maturity in 2010 and 2012 (with interest rates of three-month Libor plus 20 basis points and three-month Libor plus 25 basis points, respectively). These hedges allowed us to fix the exchange rate of 10.9275 Mexican pesos per US dollar for the entire life of the bonds and the exchange rate of 10.8458 Mexican pesos per US dollar for the entire life of the syndicated loan, as well as to set a fixed rate of 7.52% and 8.57% for the bonds, respectively, and an interest rate of 28-day "TIIE" Interbank rate plus 4 basis points for the syndicated loan.
During 2007 the Company entered into a cross currency swaps agreements to hedge the exchange rate and interest rate risks related to the syndicated loan with maturity in 2009 and 2011 for a total amount of 1.170 billion dollars (with interest rate of three-month Libor plus 20 and 25 basis points, respectively). These hedges allowed us to set the exchange rate of 10.7747 Mexican pesos per US dollar and an interest rate of 28-day "TIIE" Interbank rate less 10 basis points.
S 29 STOCK MARKET LOANS (LONG-TERM)
At December 31, 2007 and 2006, this item rose to $ 34,215,850 and $ 36,946,472, respectively, and is comprised as follows:
|
|
2007 |
2006 |
|
Domestic Senior Notes |
Ps 10,700,000 |
Ps. 1,245,120 |
|
Bonds |
19,015,850 |
31,032,152 |
|
Global peso Senior Notes |
Ps 4,500,000 |
4,669,200 |
S 32 OTHER LIABILITIES
At December 31, 2007 and 2006, this item rose to Ps 221,230 and Ps. 240,274, respectively, that corresponds to the actuarial obligations for labor termination in Mexico, based on the requirements of Bulletin D-3.
S 42 RETAINED EARNINGS AND CAPITAL RESERVES
In April 27, 2007 the Annual Ordinary Shareholders Meeting approved to increase in Ps. 15 billion (face value), the amount authorized to repurchase its own shares, bringing the total maximum amount to be used for this purpose to Ps. $ 23,046,597 (face value).
From January through December 2007, the Company acquired 839.9 million L shares for Ps 15,729,975 (historical cost of Ps. 15,423,889) and 2.8 million A shares for Ps. 52,864 (historical cost of Ps. 51,902).
From January through December 2006, the Company acquired 1,838.0 million L shares for Ps. 24,629,704 (historical cost of Ps. 23,092,355) and 3.9 million A shares for Ps. 54,082 (historical cost of Ps. 50,682).
The Company's repurchased shares are applied to unappropiated retained earnings, in the amount exceeding the portion of the capital stock, corresponding to the repurchased shares.
S 58 OTHER CURRENT LIABILITIES
At December 31, 2007 and 2006, this item rose to Ps. 16,971,262 and Ps. 16,871,619 respectively and is comprised as follows:
|
|
2007 |
2006 |
|
Accounts payable |
Ps. 12,641,936 |
Ps 12,647,329 |
|
Other accrued liabilities |
3,007,837 |
2,935,807 |
|
Deferred credits |
1,321,489 |
1,288,483 |
NOTES TO CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
C 39 OTHER ITEMS
Includes inventories for operation of the telephone plant, , deferred assets, as well as decreases on fixed assets.
RATIOS
P 08 INVENTORY TURNOVER RATE-COST
EMISNET automatically calculates the inventory turnover rate by dividing the cost of sales and services (Ref. R 2) by the inventory of goods for sale (Ref. S 6), This fact affects the actual inventory turnover rate.
RECLASIFICATIONS
Some of the figures of the 2006 financial statements have been reclassified to adjust the presentation used for the year 2007.
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SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 3a
SHARE INVESTMENTS SUBSIDIARIES
Consolidated
Final printing
---
|
COMPANY NAME |
MAIN ACTIVITIES |
NUMBER OF SHARES |
OWNERSHIP |
|
% |
|||
|
Integración de Servicios TMX, S.A. de C.V. |
Investments in all types of businesses |
106,419,052,434 |
100.00 |
|
Aerocomunicaciones, S.A. de C.V. |
Aeronautic radiocom. mobile serv. |
112,534,600 |
100.00 |
|
Aerofrisco, S.A. de C.V. |
Air Taxi services |
7,230,624,600 |
100.00 |
|
Alquiladora de Casas, S.A. de C.V. |
Real estate acquisition & leasing |
686,001,490 |
100.00 |
|
Buscatel, S.A. de C.V. |
Paging services |
142,445 |
100.00 |
|
Cía. de Teléfonos y Bienes Raíces, S.A. de C.V. |
Real estate acquisition & leasing |
1,034,000,000 |
100.00 |
|
Comertel Argos, S.A. de C.V. |
Personnel services |
6,000 |
100.00 |
|
Consorcio Red Uno, S.A. de C.V. |
Design & integrated telecom. Services |
279,634,377 |
100.00 |
|
Construcciones y Canalizaciones, S.A. de C.V. |
Construction & maint. of telephone network |
28,369,000 |
100.00 |
|
Empresa de Limpieza Mexicana, S.A. de C.V. |
Cleaning Service Company |
50 |
100.00 |
|
Fintel Holdings, L.L.C. |
Investments in all types of businesses |
1,490 |
100.00 |
|
Fuerza y Clima, S.A de C.V. |
Air conditioning installation & maint. |
4,925,000 |
100.00 |
|
Grupo Técnico de Administración, S.A. de C.V. |
Management, consulting & org. Services |
50,000 |
100.00 |
|
Impulsora Mexicana de Telecomunicaciones, S.A. |
Network projects |
4,602,225 |
100.00 |
|
Instituto Tecnológico de Teléfonos de México, S.C |
Trainning & research services |
1,000 |
100.00 |
|
Multicomunicación Integral, S.A. de C.V. |
Trunking, installation & sales services |
665,759 |
100.00 |
|
Operadora Mercantil, S.A. de C.V. |
Marketing services |
50,000 |
100.00 |
|
Renta de Equipo, S.A. de C.V. |
Equipment, vehicles & real estate leasing |
769,595,000 |
100.00 |
|
Servicios Administrativos Tecmarketing, S.A. de C.V. |
Software development, sales & management |
60,687,728 |
100.00 |
|
Tecmarketing, S.A. de C.V. |
Telemarketing services |
6,850,000 |
100.00 |
|
Telecomunicaciones Controladora de Servicios, S.A. de C.V. |
Investments in all types of businesses |
138,839 |
100.00 |
|
Teleconstructora, S.A. de C.V. |
Construction & maint. of telephone network |
19,400,000 |
100.00 |
|
Teléfonos del Noroeste, S.A. de C.V. |
Telecommunication services |
110,000,000 |
100.00 |
|
Telmex Holdings, Inc. |
Telecommunication services |
1,000 |
100.00 |
|
Teninver, S.A. de C.V. |
Investments in all types of businesses |
5,296,722 |
100.00 |
|
Uninet, S.A. de C.V. |
Data transmission services |
65,837,647 |
100.00 |
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SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 3b
SHARE INVESTMENTS AFFILATES
Consolidated
Final printing
---
|
COMPANY NAME |
MAIN ACTIVITIES |
NUMBER OF SHARES |
OWNERSHIP |
TOTAL AMOUNT (Thousands of Mexican Pesos) |
|
|
ACQUISITION COST |
PRESENT VALUE |
||||
|
% |
|||||
|
Grupo Telvista, S.A. de C.V. |
Telemarketing in Mexico and USA |
450 |
45.00 |
510,138 |
502,419 |
|
Centro Histórico de la Ciudad de México, SA de CV |
Real estate services |
80,020,000 |
21.77 |
80,020 |
101,837 |
|
2Wire, Inc. |
Broadband Services |
8,619,242 |
13.00 |
648,400 |
110,916 |
|
TM and MS, LLC |
Internet portal (Prodigy MSN) |
1 |
50.00 |
29,621 |
99,191 |
|
Eidon Software, S.A. de C.V. |
Software development |
35,567,911 |
22.74 |
35,568 |
67,499 |
|
TOTAL INVESTMENT IN ASSOCIATES |
1,303,747 |
881,862 |
|||
|
OTHER PERMANENT INVESTMENTS |
214,624 |
||||
|
T O T A L |
1,303,747 |
1,096,486 |
|||
NOTES:
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 5
CREDITS BREAKDOWN
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
Credit Type / Institution |
Foreign Institution |
Signature date |
Amortization Date |
Interest Rate |
Amortization of Credits Denominated in Pesos |
Amortization of Credits in Foreign Currency |
||||||||||
|
Time Interval |
Time Interval |
|||||||||||||||
|
Current Year |
Until 1 Year |
Until 2 Year |
Until 3 Year |
Until 4 Year |
Until 5 Years or more |
Current Year |
Until 1 Year |
Until 2 Year |
Until 3 Year |
Until 4 Year |
Until 5 Years or more |
|||||
|
BANKS |
||||||||||||||||
|
FOREIGN TRADE |
||||||||||||||||
|
EXPORT DEVELOPMENT C. (1) |
Y |
11/05/2001 |
22/04/2009 |
5.15 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
21,786 |
5,690 |
0 |
0 |
0 |
|
EXPORT DEVELOPMENT C. (1) |
Y |
16/03/2006 |
22/07/2011 |
4.90 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
33,685 |
33,685 |
33,685 |
33,684 |
0 |
|
JAPAN BANK INT. COOP. (1) |
Y |
27/03/2003 |
10/10/2009 |
5.48 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
931,407 |
931,407 |
0 |
0 |
0 |
|
MIZUHO CORPORATE BANK LTD (1) |
Y |
15/01/2007 |
15/01/2016 |
4.95 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
362,214 |
362,214 |
362,214 |
362,214 |
1,629,897 |
|
NATIXIS (3) |
Y |
28/02/1986 |
31/03/2022 |
2.00 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
23,503 |
23,503 |
23,503 |
23,503 |
154,978 |
|
SECURED DEBT |
||||||||||||||||
|
COMMERCIAL BANK |
||||||||||||||||
|
BANAMEX, S.A. (3) |
N/A |
20/02/2007 |
22/02/2010 |
7.36 |
0 |
0 |
0 |
1,500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
BBVA BANCOMER (4) |
N/A |
26/02/2007 |
26/02/2010 |
7.88 |
0 |
0 |
0 |
1,300,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
BBVA BANCOMER (2) |
N |
30/06/2006 |
30/06/2010 |
4.90 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2,716,550 |
0 |
0 |
|
BBVA BANCOMER (2) |
N |
30/06/2006 |
30/06/2012 |
4.95 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2,716,550 |
|
CITIBANK, N.A. (2) |
Y |
11/08/2006 |
20/10/2009 |
4.90 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
14,126,060 |
0 |
0 |
0 |
|
CITIBANK, N.A. (2) |
Y |
11/08/2006 |
20/10/2011 |
4.95 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
10,866,200 |
0 |
|
CITIBANK, N.A. (2) |
Y |
11/08/2006 |
11/08/2013 |
5.03 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
7,606,340 |
|
CISCO SYSTEMS (3) |
Y |
25/04/2007 |
22/04/2012 |
4.50 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
43,465 |
43,465 |
43,465 |
43,465 |
21,732 |
|
OTHER |
||||||||||||||||
|
TOTAL BANKS |
0 |
0 |
0 |
2,800,000 |
0 |
0 |
0 |
1,416,060 |
15,526,024 |
3,179,417 |
11,329,066 |
12,129,497 |
||||
|
STOCK MARKET |
||||||||||||||||
|
LISTED STOCK EXCHANGE |
||||||||||||||||
|
UNSECURED DEBT |
||||||||||||||||
|
CERT. BURSAT TELMEX 02-3-4(3) |
N/A |
31/05/2002 |
31/05/2012 |
10.14 |
0 |
0 |
400,000 |
0 |
0 |
300,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 06 (5) |
N/A |
21/09/2006 |
15/09/2011 |
7.97 |
0 |
0 |
0 |
0 |
500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 07 (3) |
N/A |
23/04/2007 |
16/03/2037 |
8.36 |
0 |
0 |
0 |
0 |
0 |
5,000,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 07-2 (4) |
N/A |
23/04/2007 |
16/04/2012 |
7.83 |
0 |
0 |
0 |
0 |
0 |
4,500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
4 1/2 SENIOR NOTES (3) |
Y |
19/11/2003 |
19/11/2008 |
4.50 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
10,866,200 |
0 |
0 |
0 |
0 |
|
5 1/2 SENIOR NOTES (3) |
Y |
27/01/2005 |
27/01/2015 |
5.50 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
8,692,960 |
|
4 3/4 SENIOR NOTES (3) |
Y |
27/01/2005 |
27/01/2010 |
4.75 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
10,322,890 |
0 |
0 |
|
8 3/4 SENIOR NOTES PESOS (3) |
N/A |
31/01/2006 |
31/01/2016 |
8.75 |
0 |
0 |
0 |
0 |
0 |
4,500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
SECURED DEBT |
||||||||||||||||
|
PRIVATE PLACEMENTS |
||||||||||||||||
|
UNSECURED DEBT |
||||||||||||||||
|
SECURED DEBT |
||||||||||||||||
|
TOTAL STOCK EXCHANGE |
0 |
0 |
400,000 |
0 |
500,000 |
14,300,000 |
0 |
10,866,200 |
0 |
10,322,890 |
0 |
8,692,960 |
||||
|
SUPPLIERS |
||||||||||||||||
|
TOTAL SUPPLIERS |
||||||||||||||||
|
OTHER LONG AND SHORT TERM LOANS WITH COST (S103) AND (S30) |
||||||||||||||||
|
OTHER LOANS WITH COST |
N/A |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||
|
TOTAL OTHER LONG AND SHORT TERM LOANS WITH COST (S103) AND (S30) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||
|
OTHER CURRENT LIABILITIES WITHOUT COST (S26) |
||||||||||||||||
|
OTHER LIABILITIES WITHOUT COST |
N/A |
0 |
18,329,141 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||
|
TOTAL OTHER CURRENT LIABILITIES WITHOUT COST |
0 |
18,329,141 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||
|
TOTAL |
0 |
18,329,141 |
400,000 |
2,800,000 |
500,000 |
14,300,000 |
0 |
12,282,260 |
15,526,024 |
13,502,307 |
11,329,066 |
20,822,457 |
||||
NOTES:
A.- Interest rates:
The credits breakown is presented with an integrated rate as follows:
B.- The following rates were considered:
- Libor at 6 months in US dollars is equivalent to 4.5963 at December 31, 2007
- Libor
at 3 months in US dollars is equivalent to 4.7025 at December 31, 2007- TIIE
at 28 days is equivalent to 7.9250 at December 31, 2007- TIIE
at 91 days is equivalent to 7.9900 at December 27, 2007C.- The suppliers' Credits are reclasified to Bank Loans because in this document, Emisnet, Long-Term opening to Suppliers' does not exist.
D.- Liabilities in foreign currency were exchanged at the prevailing exchange rate at the end of the reporting period, which at
December 31, 2007 were as follows:|
CURRENCY |
AMOUNT |
E.R. |
|
DOLLAR (USD) |
6,737,694 |
10.87 |
|
EURO (EUR) |
15,682 |
15.88 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 6
FOREIGN EXCHANGE MONETARY POSITION
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
FOREIGN CURRENCY POSITION |
DOLLARS |
OTHER CURRENCIES |
TOTAL |
||
|
THOUSAND DOLLARS |
THOUSAND PESOS |
THOUSAND DOLLARS |
THOUSAND PESOS |
THOUSAND PESOS |
|
|
MONETARY ASSETS |
196,378 |
2,133,882 |
0 |
0 |
2,133,882 |
|
LIABILITIES |
7,023,316 |
76,316,757 |
22,949 |
249,373 |
76,566,130 |
|
SHORT-TERM LIABILITIES |
1,413,778 |
15,362,395 |
2,197 |
23,873 |
15,386,268 |
|
LONG-TERM LIABILITIES |
5,609,538 |
60,954,362 |
20,752 |
225,500 |
61,179,862 |
|
NET BALANCE |
(6,826,938) |
(74,182,875) |
(22,949) |
(249,373) |
(74,432,248) |
NOTES:
Assets and Liabilities in foreign currency were exchanged at the prevailing exchange rate at the end of the reporting period.
At the end of the quarter the exchange rates were as follows:
|
CURRENCY |
E.R. |
|
DOLLAR (USD) |
10.87 |
|
EURO |
15.88 |
--
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 7
CALCULATION AND RESULT FROM MONETARY POSITION
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
MONTH |
MONETARY ASSETS |
MONETARY LIABILITIES |
(ASSETS) LIABILITIES MONETARY POSITION |
MONTHLY INFLATION |
MONTHLY EFFECT (ASSET) LIABILITIES |
|
JANUARY |
39,083,633 |
106,804,261 |
67,720,628 |
0.50 |
338,603 |
|
FEBRUARY |
39,747,487 |
104,755,373 |
65,007,886 |
0.30 |
195,024 |
|
MARCH |
41,376,801 |
104,362,500 |
62,985,699 |
0.20 |
125,971 |
|
APRIL |
40,785,947 |
110,361,353 |
69,575,406 |
0.03 |
20,873 |
|
MAY |
50,522,200 |
115,730,698 |
65,208,498 |
(0.48) |
(313,001) |
|
JUNE |
51,041,297 |
114,237,901 |
63,196,604 |
0.08 |
50,557 |
|
JULY |
50,847,131 |
114,384,995 |
63,537,864 |
0.31 |
196,967 |
|
AUGUST |
54,115,735 |
115,646,937 |
61,531,202 |
0.47 |
289,197 |
|
SEPTEMBER |
57,557,407 |
116,785,788 |
59,228,381 |
0.82 |
485,673 |
|
OCTOBER |
58,597,808 |
118,494,102 |
59,896,294 |
0.45 |
269,533 |
|
NOVEMBER |
48,964,557 |
111,536,326 |
62,571,769 |
0.65 |
406,716 |
|
DECEMBER |
47,651,580 |
110,668,282 |
63,016,702 |
0.36 |
226,860 |
|
RESTATEMENT |
0 |
0 |
0 |
0.00 |
35,817 |
|
CAPITALIZATION |
0 |
0 |
0 |
0.00 |
0 |
|
FOREIGN CORP. |
0 |
0 |
0 |
0.00 |
(5,632) |
|
OTHER |
0 |
0 |
0 |
0.00 |
189,929 |
|
TOTAL |
2,513,087 |
||||
|
FIGURES FOR INFORMATION PURPOSES: |
|||||
|
CAPITALIZED MONETARY GAIN |
|||||
NOTES:
Telmex's policy applies Mexican National Consumer Prices Index (NCPI) estimated from January to November, and real for December.
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 8
DEBT INSTRUMENTS
Consolidated
Final printing
---
|
FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE |
|
Part of the long-term debt is subject to certain restrictive covenants with respect to maintaining certain financial ratios and the sale of assets, among others. A portion of the debt is also subject to early maturity or repurchase at the option of the holders in the event of change of control of the Company, as defined in the related instruments. The definition of change of control varies from instrument to instrument; however, no change in control shall be considered to have ocurred as long as Carso Global Telecom, S.A.B. de C.V. (TELMEX' controlling company) or its current stockholders continue to hold the majority of the Company's voting shares. |
|
CURRENT SITUATION OF FINANCIAL LIMITED |
|
At December 31, 2007, the Company has complied with such restrictive covenants. |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 9
PLANTS, - COMMERCIAL, DISTRUBUTION AND/OR SERVICE CENTERS -
Consolidated
Final printing
---
|
PLANT OR CENTER |
ECONOMIC ACTIVITY |
PLANT CAPACITY |
UTILIZATION (%) |
|
NOT AVAILABLE |
|||
|
NOTES: |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 10
RAW MATERIALS
Consolidated
Final printing
---
|
DOMESTIC |
MAIN SUPPLIERS |
IMPORT |
MAIN SUPPLIERS |
DOM. SUBST. |
PRODUCTION COST (%) |
|
NOT AVAILABLE |
|||||
|
NOTES : |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 11a
SALES DISTRIBUTION BY PRODUCT
SALES
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
MAIN PRODUCTS |
NET SALES |
MARKET PART. (%) |
MAIN |
||
|
VOLUME |
AMOUNT |
TRADEMARKS |
CUSTOMERS |
||
|
DOMESTIC SALES |
|||||
|
LOCAL SERVICE |
0 |
54,398,425 |
0.0 |
||
|
LONG DISTANCE SERVICE |
0 |
22,933,386 |
0.0 |
||
|
INTERCONNECTION |
0 |
22,603,534 |
0.0 |
||
|
CORPORATE NETWORKS |
0 |
11,339,790 |
0.0 |
||
|
INTERNET |
0 |
10,940,226 |
0.0 |
||
|
OTHERS |
0 |
4,456,187 |
0.0 |
||
|
FOREIGN SALES |
|||||
|
NET SETTLEMENT |
0 |
3,498,520 |
0 |
||
|
LOCAL SERVICE |
0 |
0 |
0 |
||
|
LONG DISTANCE SERVICE |
0 |
595,280 |
0 |
||
|
INTERCONNECTION |
0 |
211 |
0 |
||
|
CORPORATE NETWORKS |
0 |
0 |
0 |
||
|
INTERNET |
0 |
0 |
0 |
||
|
OTHERS |
0 |
2,112 |
0 |
||
|
TOTAL |
130,767,671 |
||||
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 11b
SALES DISTRIBUTION BY PRODUCT
FOREIGN SALES
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
MAIN PRODUCTS |
NET SALES |
DESTINATION |
MAIN |
||
|
VOLUME |
AMOUNT |
TRADEMARKS |
CUSTOMERS |
||
|
EXPORT |
|||||
|
NET SETTLEMENT |
0 |
3,498,520 |
|||
|
CORPORATE NETWORKS |
0 |
0 |
|||
|
FOREIGN SUBSIDIARIES |
|||||
|
NET SETTLEMENT |
0 |
0 |
|||
|
LOCAL SERVICE |
0 |
0 |
|||
|
LONG DISTANCE SERVICE |
0 |
595,280 |
|||
|
INTERCONNECTION |
0 |
211 |
|||
|
CORPORATE NETWORKS |
0 |
0 |
|||
|
INTERNET |
0 |
0 |
|||
|
OTHERS |
0 |
2,112 |
|||
|
TOTAL |
4,096,123 |
||||
|
NOTES: |
|||||
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANALYSIS OF PAID CAPITAL STOCK
Consolidated
Final printing
---
|
SERIES |
NOMINAL VALUE |
VALID COUPON |
NUMBER OF SHARES |
CAPITAL STOCK (Thousand pesos) |
||||
|
FIXED PORTION |
VARIABLE PORTION |
MEXICAN |
PUBLIC SUSCRIPTION |
FIXED |
VARIABLE |
|||
|
A |
0.0043 |
0 |
430,095,932 |
0 |
0 |
430,095,932 |
1,857 |
0 |
|
AA |
0.0043 |
0 |
8,114,596,082 |
0 |
8,114,596,082 |
0 |
35,035 |
0 |
|
L |
0.0043 |
0 |
10,815,705,456 |
0 |
0 |
10,815,705,456 |
46,698 |
0 |
|
TOTAL |
19,360,397,470 |
0 |
8,114,596,082 |
11,245,801,388 |
83,590 |
0 |
||
|
TOTAL NUMBER OF SHARES REPRESENTING CAPITAL STOCK ON THE REPORTING DATE OF THE INFORMATION: |
19,360,397,470 |
|||||||
|
NOTES: |
||||||||
|
The nominal value per share is $0.0043175625 MXN |
||||||||
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 13
PROJECT INFORMATION
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
ITEM |
Thousand of Mexican Pesos |
||||
|
4th. Quarter 07Oct-Dec |
% of Advance |
Amount used 2007 |
Budget 2007 |
% of Advance |
|
|
DATA |
1,882,335 |
45.0 |
5,015,170 |
4,179,780 |
120.0 |
|
INTERNAL PLANT |
288,243 |
34.9 |
600,377 |
825,964 |
72.7 |
|
NETWORKS |
423,929 |
31.6 |
1,174,193 |
1,339,619 |
87.7 |
|
TRANSMISSION NETWORK |
1,131,600 |
44.2 |
2,466,368 |
2,557,714 |
96.4 |
|
SYSTEMS |
342,026 |
76.0 |
572,858 |
449,906 |
127.3 |
|
OTHERS |
2,458,472 |
53.6 |
4,076,359 |
4,582,889 |
88.9 |
|
TELMEX USA |
139,747 |
36.1 |
264,136 |
386,745 |
68.3 |
|
TOTAL INVESTMENT TELMEX MEXICO |
6,666,352 |
46.5 |
14,169,461 |
14,322,617 |
98.9 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 14
TRANSACTIONS IN FOREIGN CURRENCY AND EXCHANGE OF FINANCIAL STATEMENTS FROM FOREIGN OPERATIONS
Consolidated
Final printing
---
Translation of financial statements of foreign subsidiaries
The financial statements of foreign subsidiaries and affiliates were translated into Mexican pesos, as follows:
The financial statements as reported by the foreign subsidiaries are adjusted to conform to Mexican Financial Reporting Standards, in their local currency, and are subsequently restated to local currency with purchasing power as of the balance sheet date, based on the inflation rate of the country in which the subsidiary operates.
All balance sheet amounts, except for stockholders' equity, are translated into Mexican pesos at the prevailing exchange rate at the end of the fiscal year; stockholders' equity accounts are translated at the prevailing exchange rate at the time capital contributions were made and earnings were generated. The restated amounts of the income statement are translated into Mexican pesos at the prevailing exchange rate at the end of the fiscal year being reported.
Exchange rate changes and the monetary position effect derived from intercompany monetary items are included in the consolidated income statements.
The difference resulting from the translation process is called "Effect of translation of foreign entities" and is included in stockholders' equity as part of the caption "Other comprehensive income items".
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SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
GENERAL INFORMATION
Consolidated
Final printing
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ISSUER GENERAL INFORMATION
|
COMPANY: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: INTERNET PAGE: |
TELEFONOS DE MEXICO, S.A.B. DE C.V. PARQUE VIA 198, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 12 12
www.telmex.com |
ISSUER FISCAL INFORMATION
|
TAX PAYER FEDERAL ID: FISCAL ADDRESS: ZIP: CITY: |
TME 840315KT6 PARQUE VIA 198, COL. CUAUHTEMOC 06599 MEXICO, D.F. |
OFFICERS INFORMATION
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
CHAIRMAN OF THE BOARD CHAIRMAN OF THE BOARD ING. JAIME CHICO PARDO PARQUE VIA 190 - 10TH. FLOOR OFFICE 1001, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 51 52 55 45 55 50 jchico@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
CHIEF EXECUTIVE OFFICER CHIEF EXECUTIVE OFFICER LIC. HECTOR SLIM SEADE PARQUE VIA 190 - 10TH. FLOOR OFFICE 1004, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 15 86 55 45 55 50 hslim@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
CHIEF FINANCIAL OFFICER CHIEF FINANCIAL OFFICER ING. ADOLFO CEREZO PEREZ PARQUE VIA 190 - 10TH. FLOOR OFFICE 1016, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 57 80 52 55 15 76 acerezo@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF CORPORATE INFORMATION DELEGATE COMPTROLLER LIC. ROLANDO REYNIER VALDES PARQUE VIA 198 - 5TH. FLOOR OFFICE 502, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 92 92 57 05 62 31 rreynier@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF BUYBACK INFORMATION DELEGATE SHAREHOLDER SERVICES MANAGER LIC. MIGUEL ANGEL PINEDA CATALAN PARQUE VIA 198 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 53 22 55 46 21 11 mpineda@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
IN-HOUSE LEGAL COUNSEL LEGAL DIRECTOR LIC. SERGIO F. MEDINA NORIEGA PARQUE VIA 190 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 14 25 55 46 43 74 smedinan@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF FINANCIAL INFORMATION DELEGATE COMPTROLLER LIC. ROLANDO REYNIER VALDES PARQUE VIA 198 - 5TH. FLOOR OFFICE 502, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 92 92 57 05 62 31 rreynier@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF MATERIAL FACTS DELEGATE SHAREHOLDER SERVICES MANAGER LIC. MIGUEL ANGEL PINEDA CATALAN PARQUE VIA 198 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 53 22 55 46 21 11 mpineda@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
INVESTOR INFORMATION RESPONSIBLE INVESTORS RELATIONS SUPERVISOR LIC. ANNA DOMINGUEZ GONZALEZ PARQUE VIA 198 - 7TH. FLOOR OFFICE 701, COL. CUAUHTEMOC 06599 MEXICO, D.F. 57 03 39 90 55 45 55 50 ri@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
SECRETARY OF THE BOARD OF DIRECTORS LEGAL DIRECTOR LIC. SERGIO F. MEDINA NORIEGA PARQUE VIA 190 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 14 25 55 46 43 74 smedinan@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
PAYMENT RESPOSIBLE COMPTROLLER LIC. ROLANDO REYNIER VALDES PARQUE VIA 198 - 5TH. FLOOR OFFICE 502, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 92 92 57 05 62 31 rreynier@telmex.com |
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POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
FIDUCIARY DELEGATE |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
OTHER CO-CHAIRMAN OF THE BOARD LIC. CARLOS SLIM DOMIT CALVARIO NUM 100 COL. TLALPAN 14000 MEXICO, D.F. 53 25 98 01 55 73 31 77 slimc@sanborns.com |
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SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2007
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
BOARD OF DIRECTORS
Consolidated
Final printing
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|
POSITION |
NAME |
|||
|
CHAIRMAN OF THE BOARD |
ING. |
JAIME |
CHICO |
PARDO |
|
CO-CHAIRMAN |
LIC. |
CARLOS |
SLIM |
DOMIT |
|
VICE CHAIRMAN |
C.P. |
JUAN ANTONIO |
PEREZ |
SIMON |
|
BOARD PROPIETORS (INDEPENDENT) |
C.P. |
ANTONIO |
DEL VALLE |
RUIZ |
|
BOARD PROPIETORS (INDEPENDENT) |
ING. |
ANTONIO |
COSIO |
ARIÑO |
|
BOARD PROPIETORS (INDEPENDENT) |
SRA. |
LAURA |
DIEZ BARROSO |
DE LAVIADA |
|
BOARD PROPIETORS (INDEPENDENT) |
DRA. |
AMPARO |
ESPINOSA |
RUGARCIA |
|
BOARD PROPIETORS (INDEPENDENT) |
ING. |
ELMER |
FRANCO |
MACIAS |
|
BOARD PROPIETORS (INDEPENDENT) |
LIC. |
ANGEL |
LOSADA |
MORENO |
|
BOARD PROPIETORS |
C.P. |
OSCAR |
VON HAUSKE |
SOLIS |
|
BOARD PROPIETORS (INDEPENDENT) |
LIC. |
FERNANDO |
SOLANA |
MORALES |
|
BOARD PROPIETORS |
LIC. |
MARCO ANTONIO |
SLIM |
DOMIT |
|
BOARD PROPIETORS (INDEPENDENT) |
SR. |
RAYFORD |
WILKINS JR. |
|
|
BOARD PROPIETORS |
LIC. |
HECTOR |
SLIM |
SEADE |
|
BOARD PROPIETORS (INDEPENDENT) |
SR. |
LARRY |
I. |
BOYLE |
|
BOARD PROPIETORS (INDEPENDENT) |
C.P. |
RAFAEL |
KALACH |
MIZRAHI |
|
BOARD PROPIETORS (INDEPENDENT) |
LIC |
RICARDO |
MARTIN |
BRINGAS |
|
BOARD PROPIETORS (INDEPENDENT) |
SR. |
ERIC |
BOYER |
|
|
BOARD ALTERNATES |
LIC. |
PATRICK |
SLIM |
DOMIT |
|
BOARD ALTERNATES |
LIC. |
ARTURO |
ELIAS |
AYUB |
|
BOARD ALTERNATES |
C.P. |
JOSÉ HUMBERTO |
GUTIERREZ-OLVERA |
ZUBIZARRETA |
|
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
JORGE C. |
ESTEVE |
RECOLONS |
|
BOARD ALTERNATES (INDEPENDENT) |
ING. |
ANTONIO |
COSIO |
PANDO |
|
BOARD ALTERNATES (INDEPENDENT) |
SR. |
EDUARDO |
TRICIO |
HARO |
|
BOARD ALTERNATES (INDEPENDENT) |
SRA. |
ANGELES |
ESPINOSA |
YGLESIAS (deceased in Oct 2007) |
|
BOARD ALTERNATES (INDEPENDENT) |
ING. |
AGUSTIN |
FRANCO |
MACIAS |
|
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
JAIME |
ALVERDE |
GOYA |
|
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
JOSE |
KURI |
HARFUSH |
|
BOARD ALTERNATES |
LIC. |
EDUARDO |
VALDES |
ACRA |
|
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
CARLOS |
BERNAL |
VEREA |
|
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
FEDERICO |
LAFFAN |
FANO |
|
BOARD ALTERNATES |
SR. |
JORGE A. |
CHAPA |
SALAZAR |
|
BOARD ALTERNATES (INDEPENDENT) |
C.P. |
FRANCISCO |
MEDINA |
CHAVEZ |
|
SECRETARY OF THE BOARD OF DIRECTORS |
LIC. |
SERGIO |
MEDINA |
NORIEGA |
|
ASSISTANT SECRETARY |
LIC. |
RAFAEL |
ROBLES |
MIAJA |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Date: February 7, 2008. |
TELÉFONOS DE MÉXICO, S.A.B. DE C.V. By: /s/__________________ Name: Adolfo Cerezo Pérez |
Ref: TELÉFONOS DE MÉXICO, S.A.B. DE C.V. - Fourth Quarter 2007.