Consolidated Statements of Changes in
Trustors’ Capital

For the years ended December 31, 2020, 2019 and 2018
(In Mexican pesos)

  Trustors’
capital		   Retained
earnings		   Re-purchase
of CBFIs		   Other items of
comprehensive
(loss) income		   Controlling
interest		   Non-controlling
interest		   Total
Balance as of January 1, 2018 $ 43,610,750,525 $ 10,878,899,354 $ - $ (1,075,211) $ 54,488,574,668 $ 461,693,269 $ 54,950,267,937
Increase in equity due to capitalization of advisory fees   580,061,236   -   -   -   580,061,236   -   580,061,236
Capital reimbursements   (1,567,037,927)   -   -   -   (1,567,037,927)   -   (1,567,037,927)
Dividends paid       (1,696,509,187)   -   -   (1,696,509,187)   -   (1,696,509,187)
Cancellation of CBFI’s Via Vallejo   (240,768,514)   -   -   -   (240,768,514)   -   (240,768,514)
Contribution of non-controlling interest   -   -   -   -   -   291,371,979   291,371,979
Comprehensive income:
Consolidated net income for the year   -   3,889,865,680   -   -   3,889,865,680   1,931,610   3,891,797,290
Actuarial loss for employee benefits   -   -   -   (1,078,925)   (1,078,925)   -   (1,078,925)
        3,889,865,680   -   (1,078,925)   3,888,786,755   1,931,610   3,890,718,365
Balance as of December 31, 2018   42,383,005,320   13,072,255,847       (2,154,136)   55,453,107,031   754,996,858   56,208,103,889
Increase in equity due to capitalization of advisory fees   578,108,176   -   -   -   578,108,176   -   578,108,176
Capital reimbursements   (1,327,367,790)   -   -   -   (1,327,367,790)   -   (1,327,367,790)
Dividends paid   -   (2,122,657,102)   -   -   (2,122,657,102)   -   (2,122,657,102)
Issuance of CBFI’s Torre Virreyes   426,737,116   -   -   -   426,737,116   -   426,737,116
Cancellation of CBFI’s Toreo (Comercial)   (189,016,204)   -   -   -   (189,016,204)   -   (189,016,204)
Decrease of non-controlling interest   -   -   -   -   -   (72,922,956)   (72,922,956)
Contribution of non-controlling interest   -   -   -   -   -   94,169,379   94,169,379
Comprehensive income:
Consolidated net income for the year   -   4,091,268,558   -   -   4,091,268,558   13,497,532   4,104,766,090
Actuarial loss for employee benefits   -   -   -   (1,345,923)   (1,345,923)   -   (1,345,923)
    -   4,091,268,558   -   (1,345,923)   4,089,922,635   13,497,532   4,103,420,167
Balance as of January 31, 2019   41,871,466,618   15,040,867,303   -   (3,500,059)   56,908,833,862   789,740,813   57,698,574,675
Increase in equity due to capitalization of advisory fees   586,886,696   -   -   -   586,886,696   -   586,886,696
Capital reimbursements   (290,805,991)   -   -   -   (290,805,991)   -   (290,805,991)
Dividends paid       (1,188,303,073)   -   -   (1,188,303,073)   -   (1,188,303,073)
Re-purchase of CBFIs   -   -   (168,090,485)   -   (168,090,485)   -   (168,090,485)
Contribution of non-controlling interest   -   -   -   -   -   356,286,775   356,286,775
Comprehensive income:
Consolidated net income for the year   -   2,644,138,765   -   -   2,644,138,765   (135,079)   2,644,003,686
Actuarial gain for employee benefits   -   -   -   719,898   719,898   -   719,898
    -   2,644,138,765   -   719,898   2,644,858,663   (135,079)   2,644,723,584
Balance as of December 31, 2020 $ 42,167,547,323 $ 16,496,702,995 $ (168,090,485) $ (2,780,161) $ 58,493,379,672 $ 1,145,892,509 $ 59,639,272,181

See accompanying notes to the consolidated financial statements.

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