Part 1

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

CONSOLIDATED FINANCIAL STATEMENT

AT SEPTEMBER 30 OF 2002 AND 2001

(Thousands of Pesos) CONSOLIDATED

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

S

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

%

Amount

%

1

TOTAL ASSETS

170,654,567

100

163,173,149

100

2

CURRENT ASSETS

42,871,092

25

33,858,172

21

3

CASH AND SHORT-TERM INVESTMENTS

20,644,323

12

7,525,154

5

4

ACCOUNTS AND DOCUMENTS RECEIVABLE (NET)

18,104,364

11

19,979,607

12

5

OTHER ACCOUNTS AND DOCUMENTS RECIVABLE

2,703,388

2

3,817,259

2

6

INVENTORIES

0

0

0

0

7

OTHER CURRENT ASSETS

1,419,017

1

2,536,152

2

8

LONG - TERM

971,489

1

2,494,722

2

9

ACCOUNTS AND DOCUMENTS RECEIVABLE (NET)

0

0

0

0

10

INVESTMENT IN SHARES OF SUBSIDIARIES AND NON-CONSOLIDATED

926,430

1

1,347,659

1

11

OTHER INVESTMENTS

45,059

0

1,147,063

1

12

PROPERTY, PLANT AND EQUIPMENT

117,335,617

69

114,909,359

70

13

PROPERTY

0

0

0

0

14

MACHINERY AND INDUSTRIAL

253,226,376

148

233,649,521

143

15

OTHER EQUIPMENT

0

0

0

0

16

ACCUMULATED DEPRECIATION

142,254,879

83

129,762,050

80

17

CONSTRUCTION IN PROCESS

6,364,120

4

11,021,888

7

18

DEFERRED ASSETS (NET)

801,508

0

1,448,902

1

19

OTHER ASSETS

8,674,861

5

10,461,994

6

20

TOTAL LIABILITIES

108,524,566

100

108,200,359

100

21

CURRENT LIABILITIES

27,866,103

26

39,236,602

36

22

SUPPLIERS

0

0

0

0

23

BANK LOANS

5,992,693

6

14,495,988

13

24

STOCK MARKET LOANS

5,065,067

5

10,139,353

9

25

TAXES TO BE PAID

3,776,148

3

1,317,944

1

26

OTHER CURRENT LIABILITIES

13,032,195

12

13,283,317

12

27

LONG - TERM LIABILITIES

60,442,466

56

48,471,577

45

28

BANK LOANS

27,575,716

25

23,408,522

22

29

STOCK MARKET LOANS

32,866,750

30

25,063,055

23

30

OTHER LOANS

0

0

0

0

31

DEFERRED LOANS

15,220,304

14

13,602,315

13

32

OTHER LIABILITIES

4,995,693

5

6,889,865

6

33

CONSOLIDATED STOCK HOLDERS' EQUITY

62,130,001

100

54,972,790

100

34

MINORITY INTEREST

0

0

0

0

35

MAJORITY INTEREST

62,130,001

100

54,972,790

100

36

CONTRIBUTED CAPITAL

38,173,699

61

38,848,378

71

37

PAID-IN CAPITAL STOCK (NOMINAL)

321,285

1

332,320

1

38

RESTATEMENT OF PAID-IN CAPITAL STOCK

27,050,258

44

27,712,999

50

39

PREMIUM ON SALES OF SHARES

10,802,156

17

10,803,059

20

40

CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES

0

0

0

0

41

CAPITAL INCREASE (DECREASE)

23,956,302

39

16,124,412

29

42

RETAINED EARNINGS AND CAPITAL RESERVE

72,275,648

116

66,342,237

121

43

REPURCHASE FUND OF SHARES

0

0

0

0

44

EXCESS (SHORTFALL) IN RESTATEMENT OF STOCK HOLDERS' EQUITY

(62,379,666)

(100)

(68,349,991)

(124)

45

NET INCOME FOR THE YEAR

14,060,320

23

18,132,166

33

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

CONSOLIDATED FINANCIAL STATEMENT

BREAKDOWN OF MAIN CONCEPTS

(Thousands of Pesos)

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

S

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

%

Amount

%

3

CASH AND SHORT- TERM INVESTMENTS

20,644,323

100

7,525,154

100

46

CASH

1,328,328

6

642,581

9

47

SHORT-TERM INVESTMENTS

19,315,995

94

6,882,573

91

18

DEFERRED ASSETS (NET)

801,508

100

1,448,902

100

48

AMORTIZED OR REDEEMED EXPENSES

604,168

75

732,871

51

49

GOODWILL

197,340

25

716,031

49

50

DEFERRED TAXES

0

0

0

0

51

OTHERS

0

0

0

0

21

CURRENT LIABILITIES

27,866,103

100

39,236,602

100

52

FOREIGN CURRENCY LIABILITIES

5,988,338

21

7,627,732

19

53

MEXICAN PESOS LIABILITIES

21,877,765

79

31,608,870

81

24

STOCK MARKET LOANS

5,065,067

100

10,139,353

100

54

COMMERCIAL PAPER

5,065,067

100

10,139,353

100

55

CURRENT MATURITIES OF MEDIUM TERM NOTES

0

0

0

0

56

CURRENT MATURITIES OF BONDS

0

0

0

0

26

OTHER CURRENT LIABILITIES

13,032,195

100

13,283,317

100

57

OTHER CURRENT LIABILITIES WITH COST

0

0

0

0

58

OTHER CURRENT LIABILITIES WITHOUT COST

13,032,195

100

13,283,317

100

27

LONG - TERM LIABILITIES

60,442,466

100

48,471,577

100

59

FOREIGN CURRENCY LIABILITIES

51,691,080

86

47,937,140

99

60

MEXICAN PESOS LIABILITIES

8,751,386

14

534,437

1

29

STOCK MARKET LOANS

32,866,750

100

25,063,055

100

61

BONDS

32,866,750

100

25,063,055

100

62

MEDIUM TERM NOTES

0

0

0

0

30

OTHER LOANS

0

0

0

0

63

OTHER LOANS WITH COST

0

0

0

0

64

OTHER LOANS WITHOUT COST

0

0

0

0

31

DEFERRED LOANS

15,220,304

100

13,602,315

100

65

NEGATIVE GOODWILL

0

0

0

0

66

DEFERRED TAXES

12,979,517

85

11,995,649

88

67

OTHERS

2,240,787

15

1,606,666

12

32

OTHER LIABILITIES

4,995,693

100

6,889,865

100

68

RESERVES

4,995,693

100

6,889,865

100

69

OTHERS LIABILITIES

0

0

0

0

44

EXCESS (SHORTFALL) IN RESTATEMENTS OF STOCK HOLDERS' EQUITY

(62,379,666)

100

(68,349,991)

100

70

ACCUMULATED INCOME DUE TO MONETARY POSITION

(12,231,372)

20

(12,353,222)

18

71

INCOME FROM NON-MONETARY POSITION ASSETS

(50,148,294)

80

(55,996,769)

82

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

CONSOLIDATED FINANCIAL STATEMENT

OTHER CONCEPTS

(Thousands of Pesos)

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

S

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

Amount

72

WORKING CAPITAL

15,004,989

(5,378,430)

73

PENSIONS FUND AND SENIORITY PREMIUMS

4,995,693

6,889,865

74

EXECUTIVES (*)

139

148

75

EMPLOYERS (*)

12,004

12,528

76

WORKERS (*)

52,228

54,550

77

CIRCULATION SHARES (*)

12,851,401,331

13,292,797,020

78

REPURCHASED SHARES (*)

313,446,337

717,202,980

(*)

THESE CONCEPTS SHOULD BE EXPRESSED IN UNITS.

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

CONSOLIDATED EARNING STATEMENT

FROM JANUARY 1st TO SEPTEMBER 30 OF 2002 AND 2001

(Thousands of Pesos)

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

R

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

%

Amount

%

1

NET SALES

82,162,421

100

86,053,879

100

2

COST OF SALES

42,027,060

51

40,914,371

48

3

GROSS INCOME

40,135,361

49

45,139,508

52

4

OPERATING

11,732,625

14

12,678,176

15

5

OPERATING INCOME

28,402,736

35

32,461,332

38

6

TOTAL FINANCING COST

5,579,085

7

1,926,548

2

7

INCOME AFTER FINANCING COST

22,823,651

28

30,534,784

35

8

OTHER FINANCIAL OPERATIONS

0

0

0

0

9

INCOME BEFORE TAXES AND WORKERS' PROFIT SHARING

22,823,651

28

30,534,784

35

10

RESERVE FOR TAXES AND WORKERS' PROFIT SHARING

8,619,437

10

12,049,620

14

11

NET INCOME AFTER TAXES AND WORKERS' PROFIT SHARING

14,204,214

17

18,485,164

21

12

SHARE IN NET INCOME OF SUBSIDIARIES AND NON-CONSOLIDATED ASSOCIATES

(143,894)

0

(352,998)

0

13

CONSOLIDATED NET INCOME OF CONTINUOUS OPERATIONS

14,060,320

17

18,132,166

21

14

INCOME OF DISCONTINUOUS OPERATIONS

0

0

0

0

15

CONSOLIDATED NET INCOME BEFORE EXTRAORDINARY ITEMS

14,060,320

17

18,132,166

21

16

EXTRAORDINARY ITEMS NET EXPENSES (INCOME)

0

0

0

0

17

NET EFFECT AT THE BEGINNING OF THE YEAR BY CHANGES IN ACCOUNTING PRINCIPLES

0

0

0

0

18

NET CONSOLIDATED INCOME

14,060,320

17

18,132,166

21

19

NET INCOME OF MINORITY INTEREST

0

0

0

0

20

NET INCOME OF MAJORITY INTEREST

14,060,320

100

18,132,166

100

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

CONSOLIDATED EARNING STATEMENT

BREAKDOWN OF MAIN CONCEPTS

(Thousands of Pesos)

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

R

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

%

Amount

%

1

NET SALES

82,162,421

100

86,053,879

100

21

DOMESTIC

79,969,965

97

84,269,311

98

22

FOREIGN

2,192,456

3

1,784,568

2

23

TRANSLATED INTO DOLLARS (***)

226,105

0

179,121

0

6

TOTAL FINANCING COST

5,579,085

100

1,926,548

100

24

INTEREST PAID

4,659,777

84

5,116,943

266

25

EXCHANGE LOSSES

3,755,702

67

52,184

3

26

INTEREST EARNED

754,709

14

1,432,518

74

27

EXCHANGE PROFITS

0

0

0

0

28

GAIN DUE TO MONETARY POSITION

(2,081,685)

(37)

(1,810,061)

(94)

8

OTHER FINANCIAL OPERATIONS

0

0

0

0

29

OTHER NET EXPENSES (INCOME) NET

0

0

0

0

30

(PROFIT) LOSS ON SALE OF OWN SHARES

0

0

0

0

31

(PROFIT) LOSS ON SALE OF SHORT-TERM INVESTMENTS

0

0

0

0

10

RESERVE FOR TAXES AND WORKERS' PROFIT SHARING

8,619,437

100

12,049,620

100

32

INCOME TAX

8,000,132

93

8,632,250

72

33

DEFERED INCOME TAX

(1,597,530)

(19)

982,994

8

34

WORKERS' PROFIT SHARING

2,216,835

26

2,434,376

20

35

DEFERED WORKERS' PROFIT SHARING

0

0

0

0

(***) THOUSANDS OF DOLLARS.

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

CONSOLIDATED EARNING STATEMENT

OTHER CONCEPTS

(Thousands of Pesos)

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

R

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

Amount

36

TOTAL SALES

82,162,420

86,053,878

37

NET INCOME OF THE YEAR

0

0

38

NET SALES (**)

111,282,544

115,572,571

39

OPERATION INCOME (**)

40,253,700

45,462,852

40

NET INCOME OF MAJORITY INTEREST (**)

20,371,433

27,095,464

41

NET CONSOLIDATED INCOME (**)

20,371,433

27,095,464

(**) THE RESTATED INFORMATION ON THE LAST TWELVE MONTHS SHOULD BE USED.

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

STATEMENT OF CHANGES IN FINANCIAL POSITION

FROM JANUARY THE 1st TO SEPTEMBER 30 OF 2002 AND 2001

(Thousands of Pesos)

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

C

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

Amount

1

CONSOLIDATED NET INCOME

14,060,320

18,132,166

2

+(-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING CASH

13,545,313

15,990,728

3

CASH FLOW FROM NET INCOME OF THE YEAR

27,605,633

34,122,894

4

CASH FLOW FROM CHANGE IN WORKING CAPITAL

(1,527,158)

(2,575,390)

5

CASH GENERATED (USED) IN OPERATING ACTIVITIES

26,078,475

31,547,504

6

CASH FLOW FROM EXTERNAL FINANCING

(1,059,031)

(7,724,067)

7

CASH FLOW FROM INTERNAL FINANCING

(10,288,889)

(17,431,032)

8

CASH FLOW GENERATED (USED) BY FINANCING

(11,347,920)

(25,155,099)

9

CASH FLOW GENERATED (USED) IN INVESTMENT ACTIVITIES

(3,985,601)

(13,534,349)

10

NET INCREASE (DECREASE) IN CASH AND SHORT-TERM INVESTMENTS

10,744,954

(7,141,944)

11

CASH AND SHORT-TERM INVESTMENTS AT THE BEGINNING OF PERIOD

9,899,369

14,667,098

12

CASH AND SHORT-TERM INVESTMENTS AT THE END OF PERIOD

20,644,323

7,525,154

 

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

STATEMENT OF CHANGES IN FINANCIAL POSITION

BREAKDOWN OF MAIN CONCEPTS

(Thousands of Pesos)

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

C

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

Amount

2

+(-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING CASH

13,545,313

15,990,728

13

DEPRECIATION AND AMORTIZATION FOR THE YEAR

14,888,747

14,654,737

14

+(-) NET INCREASE (DECREASE) IN PENSIONS FUND AND SENIORITY PREMIUMS

0

0

15

+(-) NET LOSS (PROFIT) IN MONEY EXCHANGE

0

0

16

+(-) NET LOSS (PROFIT) IN ASSETS AND LIABILITIES ACTUALIZATION

0

0

17

+(-) OTHER ITEMS

(1,343,434)

1,335,991

4

CASH FLOW FROM CHANGE IN WORKING CAPITAL

(1,527,158)

(2,575,390)

18

+(-) DECREASE (INCREASE) IN ACCOUNT RECEIVABLE

(447,815)

(4,083,815)

19

+(-) DECREASE (INCREASE) IN INVENTORIES

0

0

20

+(-) DECREASE (INCREASE) IN OTHER ACCOUNT RECEIVABLE

579,413

2,351,796

21

+(-) INCREASE (DECREASE) IN SUPPLIER ACCOUNT

0

0

22

+(-) INCREASE (DECREASE) IN OTHER LIABILITIES

(1,658,756)

(843,371)

6

CASH FLOW FROM EXTERNAL FINANCING

(1,059,031)

(7,724,067)

23

+ SHORT-TERM BANK AND STOCK MARKET FINANCING

7,405,489

49,275,265

24

+ LONG-TERM BANK AND STOCK MARKET FINANCING

165,967

770,574

25

+ DIVIDEND RECEIVED

0

0

26

+ OTHER FINANCING

4,016,688

0

27

(-) BANK FINANCING AMORTIZATION

(11,859,691)

(54,250,917)

28

(-) STOCK MARKET AMORTIZATION

(787,484)

(976,082)

29

(-) OTHER FINANCING AMORTIZATION

0

(2,542,907)

7

CASH FLOW FROM INTERNAL FINANCING

(10,288,889)

(17,431,032)

30

+(-) INCREASE (DECREASE) IN CAPITAL STOCKS

(479,657)

(1,128,685)

31

(-) DIVIDENS PAID

(5,335,605)

(5,257,292)

32

+ PREMIUM ON SALE OF SHARES

0

0

33

+ CONTRIBUTION FOR FUTURE CAPITAL INCREASES

(4,473,627)

(11,045,055)

9

CASH FLOW GENERATED (UTILIZED) IN INVESTMENT ACTIVITIES

(3,985,601)

(13,534,349)

34

+(-) DECREASE (INCREASE) IN STOCK INVESTMENTS OF PERMANENT NATURE

(74,365)

(747,468)

35

(-) ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT

(4,231,273)

(13,927,314)

36

(-) INCREASE IN CONSTRUCTIONS IN PROCESS

0

0

37

+ SALE OF OTHER PERMANENT INVESTMENTS

0

0

38

+ SALE OF TANGIBLE FIXED ASSETS

0

0

39

+(-) OTHER ITEMS

320,037

1,140,433

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

RATIOS

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

P

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

Amount

YIELD

1

NET INCOME TO NET SALES

17.11

%

21.07

%

2

NET INCOME TO STOCK HOLDERS' EQUITY (**)

32.79

%

49.29

%

3

NET INCOME TO TOTAL ASSETS ( **)

11.94

%

16.61

%

4

CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME

21.83

%

18.33

%

5

INCOME DUE TO MONETARY POSITION TO NET INCOME

14.81

%

9.98

%

ACTIVITY

6

NET SALES TO NET ASSETS (**)

0.65

times

0.71

times

7

NET SALES TO FIXED ASSETS (**)

0.95

times

1.01

times

8

INVENTORIES ROTATION (**)

0.00

times

0.00

times

9

ACCOUNTS RECEIVABLE IN DAYS OF SALES

52

days

55

days

10

PAID INTEREST TO TOTAL LIABILITIES WITH COST (**)

9.54

%

11.98

%

LEVERAGE

11

TOTAL LIABILITIES TO TOTAL ASSETS

63.59

%

66.31

%

12

TOTAL LIABILITIES TO STOCK HOLDERS' EQUITY

1.75

times

1.97

times

13

FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES

53.15

%

51.35

%

14

LONG-TERM LIABILITIES TO FIXED ASSETS

51.51

%

42.18

%

15

OPERATING INCOME TO INTEREST PAID

6.10

times

6.34

times

16

NET SALES TO TOTAL LIABILITIES (**)

1.03

times

1.07

times

LIQUIDITY

17

CURRENT ASSETS TO CURRENT LIABILITIES

1.54

times

0.86

times

18

CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES

1.54

times

0.86

times

19

CURRENT ASSETS TO TOTAL LIABILITIES

0.40

times

0.31

times

20

AVAILABLE ASSETS TO CURRENT LIABILITIES

74.08

%

19.18

%

CASH FLOW

21

CASH FLOW FROM NET INCOME TO NET SALES

33.60

%

39.65

%

22

CASH FLOW FROM CHANGES IN WORKING CAPITAL TO NET SALES

(1.86)

%

(2.99)

%

23

CASH GENERATED (USED) IN OPERATING TO INTEREST PAID

5.60

times

6.17

times

24

EXTERNAL FINANCING TO CASH GENERATED (USED) IN FINANCING

9.33

%

30.71

%

25

INTERNAL FINANCING TO CASH GENERATED (USED) IN FINANCING

90.67

%

69.29

%

26

ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT TO CASH GENERATED (USED) IN INVESTMENT ACTIVITIES

106.16

%

102.90

%

(**) IN THESE RATIOS FOR THE DATA TAKE INTO CONSIDERATION THE LAST TWELVE MONTHS.

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

DATA PER SHARE

CONSOLIDATED FINANCIAL STATEMENT

Final printing

REF

QUARTER OF PRESENT

QUARTER OF PREVIOUS

D

CONCEPTS

FINANCIAL YEAR

FINANCIAL YEAR

Amount

Amount

1

BASIC PROFIT PER ORDINARY SHARE (**)

1.56

$

2.09

$

2

BASIC PROFIT PER PREFERENT SHARE (**)

0.00

$

0.00

$

3

DILUTED PROFIT PER ORDINARY SHARE (**)

0.00

$

0.00

$

4

CONTINUOUS OPERATING PROFIT PER COMMON SHARE (**)

1.56

$

2.09

$

5

EFFECT OF DISCONTINUOUS OPERATING ON CONTINUOUS OPERATING PROFIT PER SHARE (**)

0.00

$

0.00

$

6

EFFECT OF EXTRAORDINARY PROFIT AND LOSS ON CONTINUOUS OPERATING PROFIT PER SHARE (**)

0.00

$

0.00

$

7

EFFECT BY CHANGES IN ACCOUNTING POLICIES ON CONTINUOUS OPERATING PROFIT PER SHARE (**)

0.00

$

0.00

$

8

CARRYNG VALUE PER SHARE

4.83

$

4.14

$

9

CASH DIVIDEND ACUMULATED PER SHARE

0.42

$

0.40

$

10

DIVIDEND IN SHARES PER SHARE

0.00

Shares

0.00

shares

11

MARKET PRICE TO CARRYING VALUE

3.04

Times

4.00

times

12

MARKET PRICE TO BASIC PROFIT PER ORDINARY SHARE (**)

9.40

Times

7.93

times

13

MARKET PRICE TO BASIC PROFIT PER PREFERENT SHARE (**)

0.00

Times

0.00

times

(**) TO CALCULATE THE DATA PER SHARE USE THE NET INCOME FOR THE LAST TWELVE MONTHS.

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

DIRECTOR REPORT

ANNEX 1

CONSOLIDATED

Final printing

Third Quarter 2002

 

Operating results

Local

During the third quarter, 269,858 lines were added, 17.4% lower than the same period of the previous year and 5.7% lower than second quarter of 2002. For the nine months, 786,524 lines were added, 16.6% lower than the same period of last year. At September 30, 2002, total lines in service were 14,158,103, an annual increase of 8.8%.

Lines with at least one digital service increased 39.4% totaling 4,065,101in the nine months, reflecting penetration of digital services of 28.7% of lines, 6.3% more than the same period of 2001.

In the third quarter, total call traffic decreased 1.0% compared with the same period of last year and 2.9% higher than the second quarter of 2002, totaling 6,550 million calls. For the nine months, total call traffic was 19,189 million, similar to the year-ago level resulting from the decline in economic activity.

Interconnection traffic rose to 5,663 million minutes, 10.9% higher than the third quarter of last year and 7.7% more than the second quarter of 2002.

For the nine months, interconnection traffic totaled 15,829 million minutes, an increase of 11.6% compared with the same period of 2001.

Long distance

In the third quarter, domestic long distance minutes totaled to 3,617 million, 5.0% lower than the third quarter of 2001 and 3.3% higher than the second quarter. For the nine months, domestic long distance traffic totaled 10,616 million minutes, a decrease of 1.0% compared with the same period of the previous year, resulting from the decline in economic activity.

International long distance traffic totaled 1,304 million minutes in the third quarter, 18.7% more than the same period of 2001 and 10.7% lower than the second quarter. For the nine months, International long distance traffic increased 22.8% totaling 4,010 million minutes.

Data

In the third quarter, 4,181 line equivalents for data transmission were added, 97.4% lower than the third quarter of 2001 as a result of a circuit consolidation process with the main telecommunications operators. For the nine months, 266,856 line equivalents were added, 39.0% lower than the same period of last year. At September 30, 2002 TELMEX had 1,840,750 line equivalents for data transmission, an annual increase of 28.3%.

During the quarter, 85,560 Internet access accounts were added, 0.7% higher than the same period of last year and 187.8% higher than the second quarter. For the nine months, 188,491 Internet access accounts were added, 10.9% lower than the same period of last year. At September 30, 2002 TELMEX had 1,101,618 Internet access accounts in operation, 30.3 % more than in 2001.

 

Even though there was growth in line equivalents, the data market is very competitive and TELMEX is offering packages of products and services in order to maintain the company's position in the market. As a result, revenues generated by the data transmission business for the third quarter were 3,098 million pesos, 1.5% higher than the third quarter of 2001 and 2.5% more than the second quarter. For the nine months, data transmission revenues totaled 8,972 million pesos, 1.8% higher than the same period of the previous year. In the end of the third quarter, the data business contributed 11.1% of TELMEX's total revenues and 10.9% in the nine months.

TELMEX financial results

In the third quarter, total revenues decreased 5.1% compared with the previous year as a result of lower local, interconnection, domestic and international long distance traffic growth rhythm and the reduction of rates in real terms. For the nine months, the decrease was 4.5% compared with the same period of 2001.

Operating costs and expenses increased 5.3% compared with last year's third quarter and for the nine months they increased 0.3%. If costs related with interconnection and depreciation were put aside, costs would show a decrease of 2.4% in the third quarter and 3.0% in the nine months.

This is the result of a reduction in cost of sales and services of 0.4% in the third quarter an increase of 0.1% for the nine months. Commercial, administrative and general expenses decreased 5.3% compared with the same period of last year and for the nine months, they decreased 7.5%.

In the third quarter, EBITDA totaled 14,479 million pesos, a decrease of 9.7% and operating income was 9,206 million pesos, a decrease of 20.9%. For the nine months, EBITDA decreased 8.1% and operating income decreased 12.5%, totaling 43,292 million pesos and 28,403 million pesos, respectively.

In spite of a high level of volatility in the exchange rate during the third quarter, the net impact on the value of the peso was a loss of only 20.5 Mexican cents. In light of that, the company reduced hedges by an average of approximately 2.8 billion dollars related to an exchange rate of 10.07 pesos per dollar. The resulting gain of 265.5 million pesos partially offset losses related to $5.645 billion dollars of foreign-denominated debt. At the end of the quarter, hedges were 2.107 billion dollars.

During the third quarter, comprehensive financing cost had a charge of 1,551 million pesos, resulting from an exchange loss of 896 million pesos and a net interest charge of 1,312 million pesos. The exchange loss was mainly due to the fluctuation of the peso against the dollar, partially offset by hedges made by the company. A gain of 657 million pesos was generated in the monetary position during the quarter. For the nine months, comprehensive financing cost rose to 5,579 million pesos.

Net income for the third quarter was 4,449 million pesos, 7.5% lower than the same period of last year. For the nine months, net income decreased 22.5% compared with the same period of the previous year totaling 14,060 million pesos. TELMEX's earnings per share for the third quarter, based on the number of shares outstanding at period end, were 0.35 pesos, 2.8% lower than the same period of the previous year, and for the nine months were 1.09 pesos, 19.8% lower than the same period of 2001.

 

Comments on local service financial results

The local service income statement, prepared in accordance with accounting separation principles, shows that revenues for the third quarter decreased 5.3%. The decrease in revenues was mainly due to lower dynamics in local and interconnection traffic, the reduction of interconnection rates and the depreciation of local rates in real terms.

Operating costs and expenses increased 3.2% compared with the third quarter of 2001. The reduction of 3.3% in cost of sales and services and 7.9% reduction in commercial, administrative and general did not offset the effect of the increase of 21.6% in depreciation and 11.1% in interconnection costs, compared with the third quarter of 2001.

EBITDA and operating income decreased 9.4% and 21.2% respectively compared with the same period of the previous year. For the nine months, EBITDA decreased 10.5% and operating income decreased 15.3%.

Comments on long distance financial results

The long distance income statement prepared in accordance with accounting separation principles shows that long distance revenues in the third quarter decreased 10.6% compared with last year's third quarter. The decrease in revenues was due to a lower volume of domestic long distance traffic and the reduction of long distance rates in real terms.

For the nine months, operating costs and expenses increased 1.1% compared with the same period of last year. This increase was mainly due to higher depreciation costs of 29.3% in the third quarter.

EBITDA decreased 21.0% and operating income decreased 31.0% in the third quarter. For the nine months, EBITDA decreased 16.2%. and operating income decreased 22.0%.

 

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

FINANCIAL STATEMENT NOTES

ANNEX 2

CONSOLIDATED

Final printing

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT

(FIGURES IN THOUSANDS OF PESOS)

S 12 PLANT, PROPERTY AND EQUIPMENT (NET)

Following, the breakdown is provided for the fixed assets included for the third. quarter of 2002, by the methods of specific index and the NCPI, 5th document.

CONCEPT

INDEX

NCPI

VARIATION

Investment

$253,226,376

$302,254,551

$(49,028,175)

Depreciation

(142,254,879)

(183,434,958)

41,180,079

Construction in process

6,364,120

5,727,008

637,112

Total

117,335,617

124,546,601

(7,210,984)

Results

14,737,594

16,762,111

(2,024,517)

S 18 DEFERRED ASSETS

At September 30, 2002, deferred assets rose to $ 801,508 that is composed mainly by $ 604,168, that correspond to the acquisition of concessions to operate radio spectrum frequency bands to provide fixed wireless and mobile telephony services, that will be amortized in 20 years and the amount of $ 197,340 correspond to goodwill that Teléfonos de México Group recognizes for share acquisitions of Teckmarketing, Aspel and Multicom Nacional; this goodwill will be amortized in 5 years.

S 19 OTHER ASSETS

Other assets rose to $ 8,674,861 and is composed by the following concepts:

INVENTORIES: rose to $ 1,847,043 at September 30, 2002 and $ 1,751,120 in September 2001, that are mainly for the construction and/or maintenance of the telephone plant; these are valuated by average cost method and are updated based on the specific index method.

INTANGIBLE ASSET: for $ 6,827,818 at September 30, 2002 and $ 8,710,875 at September, 2001, is derived by labor obligations in accordance with Bulletin D-3 of the Mexican Institute of Public Accountants. This item does not impact the results.

S 23 AND S 28 BANK LOANS

In this item, supplier's credits are included in bank credits. The suplier's credits are reclassified to bank loans because in this document, sific/ics, long term opening to suplier's does not exist.

S 24 AND S 29 STOCK MARKET LOANS

In June 1999, Teléfonos de México, S.A. de C.V. issued US $ 1 billion of convertible senior debentures due 2004. The debentures bear interest at a 4.25 % per annum and can be convertible to "L" shares ADS's at any time prior to maturity at conversion price of US $ 47.46095.

On January 26 and May 8, 2001, Teléfonos de México, S.A. de C.V., placed senior notes for $1 billion and $500 million dollars, respectively, with maturity in 2006, and an annual interest rate of 8.25%.

S 37 PAID-IN CAPITAL STOCK (NOMINAL)

A) In the extraordinary shareholders meeting that was held on December 6, 1999, a stock restructure was approved in Telmex's series "AA", "A" and "L" shares. Therefore, starting on February 1, 2000, the 2 for 1 split was carried that consist of 2 new shares per each previous outstanding share held.

B) At September 30, 2002, the capital stock is represented by 12,851 million common stock ( 6,425.5 million before the split ) with no nominal value, representative of fixed capital stock suscribed and paid.

S 42 RETAINED EARNINGS AND STOCKHOLDERS' EQUITY RESERVE

At September 30, 2002, this item rose to $ 72,275,648 and is composed by the following concepts:

Legal reserve $ 15,055,797, retained earnings unappropriated $ 80,183,703, adjustment for labor obligations $ ( 8,473,288 ), accumulated effect for deferred income tax of $ ( 12,427,463), deferred income tax by the difference between methods of specific index and the NCPI for $ 4,727,264, and accumulated income D-4 for $ ( 6,790,365).

On August 7, 2001 the shareholders meeting approved the amount 10,000,000 to repurchase its own shares. This amount is being taken from retained earnings.

From August 8, 2001 to September 30, 2002 the company has repurchased shares for $ 7,816,229 value historic.

S 44 EXCESS (SHORTFALL) IN RESTATEMENT OF STOCKHOLDERS' EQUITY

At September 30, 2002, this item rose to $ ( 62,379,666) and is composed in the following manner:

Result of the monetary position rose to $ ( 12,231,372), resulting from non monetary assets of $(50,148,294).

S 73 PENSION FUND AND YEARS OF SERVICE PREMIUM

In this item, the balance of the labor reserve is presented at September 30, 2002, that rose to $ 4,995,693.

COMPREHENSIVE INCOME

At September 30, 2002 Telmex Group is presenting $ 19,605,284 corresponding to comprehensive income, by the application of Bulletin B-4 comprehensive income; and is comprised of the following:

Net Result of the 9 months

14,060,320

Income tax effect deferret in this period

(2,537,706)

Result for retention of non monetary assets

8,979,684

Effect of labor obligations

(897,014)

Comprehensive Income

19,605,284

 

NOTES TO THE INCOME STATEMENT

R 12 SHARE IN NET INCOME OF SUBSIDIARIES AND NON-CONSOLIDATED ASSOCIATES

At September 30, 2002, Teléfonos de México, recognizes in its results a loss of $ 143,894, in the results of associate companies.

R 28 MONETARY POSITION RESULT

At September 30, 2002, Telmex Group had not carried out operations in UDIS.

R 33 DEFERRED INCOME TAX

At September 30, 2002, Telmex Group is recognizing $ (1,597,530), for the application of the Bulletin D-4 "Accounting treatment of income tax, asset tax and employee profit sharing".

STATEMENT OF CHANGES IN THE FINANCIAL POSITION

C 4 Cash flow from change in working capital

In the cash flow from change in working capital item of $1,527,158 in 2002, includes account receivable of $207,363, generated by exchange-rate hedges acquired by the company. It also includes a contribution to the pension trust of $390,624. If these two items are eliminated, the cash flow from change in working capital would be $929,171.

In the cash flow from change in working capital item of $2,575,390 in 2001, includes account receivable of $279.717, generated by exchange-rate hedges acquired by the company. It also includes a contribution to the pension trust of $620,903. If these two items are eliminated, the cash flow from change in working capital would be $1,674,770.

C 39 OTHER ITEMS

The inventories in this item are presented, mainly for the construction and/or maintenance of the telephone plant.

GENERAL NOTE

CONSOLIDATION

The consolidated financial statements include the accounts of Teléfonos de México, S.A. de C.V., and its twenty four subsidiaries and three foreign subsidiaries, of which fully owns its capital stock, except for the domestic subsidiary Aerocomunicaciones, S.A. de C.V. that 80.10 % is owned. The impact of the results of the associate companies are also included.

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER 3 YEAR: 2002

TELEFONOS DE MEXICO, S.A. DE C.V.

RELATIONS OF SHARES INVESTSMENTS

ANNEX 3 CONSOLIDATED

Final printing

TOTAL AMOUNT

COMPANY NAME

MAIN ACTIVITIES

NUMBER

OWNERSHIP

(Thousands of Pesos)

OF

ACQUISITION

PRESENT

SHARES

%

COST

VALUE

SUBSIDIARIES

1

Consertel, S.A. de C.V.

Investments in all types of businesses

28,444,797

100

16,374,507

29,912,744

2

Cia. de Telefonos y Bienes Raices, S.A. de C.V.

Real estate acquisition & leasing

1,034,000,000

100

1,040,903

6,706,858

3

Alquiladora de Casas, S.A. de C.V.

Real estate acquisition and leasing

686,001,490

100

702,096

2,937,437

4

Construcciones y Canalizaciones, S.A. de C.V.

Construction & maint. Of telephone plant

28,369,000

100

28,636

481,166

5

Limpieza Tecnica Especializada, S.A. de C.V.

Cleaning Service Company

50

100

49

54

6

Renta de Equipo, S.A. de C.V.

Equipment, vehicles & real estate leasing

29,440,000

100

89,430

136,218

7

Multicomunicacion Integral, S.A. de C.V.

Trunking, sales & installation services

186,000,000

100

137,877

153,733

8

Teleconstructora, S.A. de C.V.

Construction & maint. Of telephone plant

19,400,000

100

19,397

108,847

9

Anuncios en Directorios, S.A. de C.V.

Sale of advertising space in yellow pages

1,081,750

100

1,240

63,400

10

Operadora Mercantil, S.A. de C.V.

Sale agent advertising space in yellow pages

50,000

100

54

1,271

11

Impulsora Mexicana de Telecomunicaciones, S.A. de

Network projects

4,602,225

100

4,602

27,234

12

Fuerza y Clima, S.A. de C.V.

Air conditioning installation & maint.

4,925,000

100

4,944

68,492

13

Telefonos del Noroeste, S.A. de C.V.

Telecommunications services

110,000,000

100

75,279

830,069

14

Aerocomunicaciones, S.A. de C.V.

Aeronautic radiocom. Mobile serv.

44,894,226

80.10

40

160

15

Tecmarketing, .S.A. de C.V.

Telemarketing services

6,850,000

100

138,972

176,161

16

Comertel Argos, S.A. de C.V.

Personnel services

6,000

100

13

2,557

17

Telmex International, Inc.

Holding Company in the U S A.

3

100

172,757

192,616

18

Instituto Tecnologico de Telefonos De Mexico, A.C

Trainning & research services

1,000

100

1

4

19

Buscatel, S.A. de C.V.

Paging services

111,645

100

142,445

242,262

20

Consorcio Red Uno, S.A. de C.V.

Design and integrated telec. Services

167,691,377

100

360,533

516,861

21

Uninet, S.A. de C.V.

Data transmission services

5,647,430

100

564,743

949,880

22

Aerofrisco, S.A. de C.V.

Air Taxi services

3,113,528,600

100

310,871

509,403

23

Telnicx, S.A. de C.V.

Managment of yellow pages

4,865,360

100

6,853

8,686

24

Teninver, S.A. de C.V

Investments in all types of businesses

61,952

100

62

64

25

Grupo Técnico de Administración, S.A. de C.V.

Management, consulting & org. Services

787,262,752

100

3,840,302

3,966,632

26

Telmex Internet Investments, L.L.C

Investments in Internet companies

1,000

100

995,887

1,125,484

27

Telmex Internet, L.L.C.

Investments in Internet companies

1,000

100

280,386

299,453

Others Subsidiaries ___ (Number of subsidiaries)

TOTAL INVESTMENT IN SUBSIDIARIES

25,292,879

49,417,746

ASSOCIATES

1

T1MSN, Corp.

Internet Portal

3,010,850

50

280,386

74,815

2

Technology and Internet , LLC

Investments in Internet companies

500

50

974,989

273,918

3

Tecnology Fund I, LLC

Investments in communications companies

500

50

20,898

15,548

4

Organización Recuperadora de Cartera, S.A. de

Holding telemarketing company in the U.S.A.

459,124,621

45

459,125

475,948

5

Centro Histórico de la Ciudad de México, S.A. d

Real estate services

80,020,000

27.72

80,020

86,201

Others Associates ____ (Number of associates)

TOTAL INVESTMENT IN ASSOCIATES

1,815,418

926,430

OTHER PERMANENT INVESTMENTS

45,059

T O T A L

50,389,235

NOTES:

A) The number of shares of the company Consertel, S.A. de C.V. are presented in thousands, since this column only allows ten digits.

B) Telmex owns 100% of shares corresponding to the subsidiary Consertel, S.A. de C.V. minus one share.

C) Consertel, S.A. de C.V. owns 100% of the companies from number 2 to 25, except for the domestic subsidiary Aerocomunicaciones, S.A. de C.V. of which 80.10% is owned.

D) The capital contribution in foreign subsidiaries L.L.C., numbers 17, 26 and 27 are presented as membership interest.

E) The acquisition cost of subsidiaries represents the capital stock of each one of them, and includes capitalizations of unapropiated earnings of prior years.

F) The subsidiaries numbers 5, 10 and 24 are not currently in operation.

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR: 2002

TELEFONOS DE MEXICO, S.A. DE C.V.

PROPERTY, PLANT AND EQUIPMENT

(Thousands of Pesos)

ANNEX 4

CONSOLIDATED

Final printing

DEPRECIATION

CARRYING VALUE

CONCEPT

ACQUISITION

ACCUMULATED

CARRYING

REVALUATION

ON

(+) REVALUATION

COST

DEPRECIATION

VALUE

REVALUATION

(-) DEPRECIATION

DEPRECIATION ASSETS

PROPERTY

4,387,629

804,988

3,582,641

17,086,067

8,835,305

11,833,403

MACHINERY

91,174,728

35,101,364

56,073,364

119,000,118

84,300,685

90,772,797

TRANSPORT EQUIPMENT

8,052,928

5,891,080

2,161,848

6,336,302

5,804,788

2,693,362

OFFICE EQUIPMENT

1,435,416

890,461

544,955

783,430

626,208

702,177

COMPUTER EQUIPMENT

0

0

0

0

0

0

OTHER

0

0

0

0

0

0

DEPRECIABLE TOTAL

105,050,701

42,687,893

62,362,808

143,205,917

99,566,986

106,001,739

NO DEPRECIATION ASSETS

GROUNDS

1,006,921

0

1,006,921

3,962,837

0

4,969,758

CONSTRUCTIONS IN PROCESS

5,977,128

0

5,977,128

386,992

0

6,364,120

OTHER

0

0

0

0

0

0

NOT DEPRECIABLE TOTAL

6,984,049

0

6,984,049

4,349,829

0

11,333,878

TOTAL

112,034,750

42,687,893

69,346,857

147,555,746

99,566,986

117,335,617

 

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR:2002

TRADE BALANCE AND MONETARY POSITION IN FOREIGN EXCHANGE

(Thousands of Pesos)

ANNEX 6 CONSOLIDATED

Final printing

DOLLARS

OTHER CURRENCIES

TOTAL

TRADE BALANCE

THOUSANDS

THOUSANDS

THOUSANDS

THOUSANDS

THOUSANDS

OF DOLLARS

OF PESOS

OF DOLLARS

OF PESOS

OF PESOS

1. INCOME

EXPORTS

490,765

4,642,726

0

0

4,642,726

OTHER

0

0

0

0

0

TOTAL

490,765

4,642,726

0

0

4,642,726

2. EXPENDITURE

IMPORT (RAW MATERIALS )

0

0

0

0

0

INVESTMENTS

0

0

0

0

0

OTHER

769,211

7,262,857

0

0

7,262,857

TOTAL

769,211

7,262,857

0

0

7,262,857

NET BALANCE

(278,446)

(2,620,131)

0

0

(2,620,131)

FOREIGN MONETARY POSITION

TOTAL ASSETS

1,470,086

14,945,924

0

0

14,945,924

LIABILITIES POSITION

5,648,502

57,426,628

24,865

252,790

57,679,418

SHORT TERM LIABILITIES POSITION

586,975

5,967,602

2,040

20,736

5,988,338

LONG TERM LIABILITIES POSITION

5,061,527

51,459,026

22,825

232,054

51,691,080

NET BALANCE

(4,178,416)

(42,480,704)

(24,865)

(252,790)

(42,733,494)

NOTES:

EXCHANGE RATES USED:

TRADE BALANCE IN FOREIGN EXCHANGE:

THE AVERAGE MONTLY EXCHANGE RATES PUBLISHED BY BANCO DE MEXICO.

ASSETS AND LIABILITIES IN FOREIGN CURRENCY:

EXCHANGE RATES AT END OF THE MONTH.

CURRENCY

AMOUNT

E.R.

DOLLAR (U.S.)

5,648,502

10.1667

FRENCH FRANC (F.F.)

165,623

1.5263

 

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR: 2002

INTEGRATION AND INCOME CALCULATION BY MONETARY POSITION

(Thousands of Pesos)

ANNEX 7 CONSOLIDATED

Final printing

MONETARY

MONETARY

(ASSET) LIABILITIES

MONTHLY

MONTHLY

MONTH

MONETARY

(PROFIT)

ASSETS

LIABILITIES

POSITION

INFLATION

AND LOSS

JANUARY

31,027,382

89,301,410

58,274,028

0.92

536,121

FEBRUARY

29,712,167

86,700,530

56,988,363

0.06

(34,193)

MARCH

31,768,376

86,801,951

55,033,575

0.51

280,671

APRIL

32,954,797

86,358,850

53,404,053

0.55

293,722

MAY

33,160,637

83,470,831

50,310,194

0.20

100,620

JUNE

35,284,013

85,812,480

50,528,467

0.49

247,589

JULY

34,942,345

85,451,307

50,508,962

0.29

146,476

AUGUST

36,400,666

84,513,039

48,112,373

0.38

182,827

SEPTEMBER

42,282,717

89,502,062

47,219,345

0.60

283,316

OCTOBER

0

0

0

0.00

0

NOVEMBER

0

0

0

0.00

0

DECEMBER

0

0

0

0.00

0

ACTUALIZATION :

35,329

CAPITALIZATION :

0

FOREIGN CORP. :

0

OTHER

9,207

TOTAL

2,081,685

NOTES:

A) THE MONTH OF FEBRUARY HAD DEFLATION. THE FORMAT SIFIC/ICS DOES NOT ACCEPT NEGATIVE SIGNS IN THE MONTHLY INFLATION COLUMN.

B) IN THIS ANNEX, THE MONTHLY LOSS EFFECT IS PRESENTED WITH A DEBIT.

 

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER:3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR: 2002

BONDS AND MEDIUM TERM NOTES LISTING IN STOCK MARKET

ANNEX 8 CONSOLIDATED

Final printing

FINANCIAL LIMITED BASED IN ISSUED DEED AND /OR TITLE

DOES NOT APPLY

ACTUAL SITUATION OF FINANCIAL LIMITED

DOES NOT APPLY

BONDS AND/OR MEDIUM TERM NOTES CERTIFICATE

DOES NOT APPLY

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER:3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR: 2002

PLANTS, COMERCE CENTERS OR DISTRIBUTION CENTERS

ANNEX 9 CONSOLIDATED

Final printing

PLANT OR CENTER

ECONOMIC ACTIVITY

PLANT CAPACITY

UTILIZATION (%)

NOT AVAILABLE

0

0

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER:3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR: 2002

MAIN RAW MATERIALS

ANNEX 10 CONSOLIDATED

Final printing

DOMESTIC

MAIN SUPPLIERS

FOREIGN

MAIN SUPPLIERS

DOM. SUBS.

COST PRODUCCION (%)

NOT AVAILABLE

0

0

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER:3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR:2002

CEDULE FOR THE DETERMINATION OF THE NET FISCAL EARNINGS ACCOUNT (NFEA)

(Thousands of Pesos)

ANNEX 12 CONSOLIDATED

Final printing

NFEA BALANCE FOR PREVIOUS PERIOD FOR WHICH IS DETERMINED

NFEA BALANCE TO DECEMBER 31 st OF:

2001

63,415,935

Number of shares Outstanding at the Date of the NFEA :

13,164,847,668

( Units)

ARE THE FIGURES FISCALLY AUDITED?

ARE THE FIGURES FISCALLY

DIVIDENDS PAIDOUT IN THE PERIOD THAT COMES FROM THE NFEA

QUARTER

SERIAL

NUMBER OF SHARES OUTSTANDING

DATE OF SETTLEMENT

AMOUNT

1st.

A, AA y L.

13,076,877,931

31/03/2002

1,608,080

DETERMINATION OF THE NFEA OF THE PRESENT YEAR

NFEA FROM THE PERIOD JANUARY 01 TO SEPTEMBER 30, OF 2002.

FISCAL EARNINGS

0

- DETERMINED INCOME

0

+ DEDUCTED WORKER'S PROFIT

0

- DETERMINED WORKER

0

- DETERMINED RFE

0

- NON DEDUCTABLES

0

NFEA OF PERIOD

0

DETERMINATION OF THE NFEA OF THE PRESENT YEAR

(Present year Information)

NFEA BALANCE TO 30 OF SEPTEMBER OF 2002

64,514,044

Number of shares Outstanding at the Date of NFEA :

12,851,401,331

( Units )

MODIFICATION BY COMPLEMENTARY

NFEA BALANCE TO DECEMBER 31 OF 2001

0

Number of shares Outstanding at the Date of NFEA :

0

( Units )

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER:3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR:2002

CEDULE FOR THE DETERMINATION OF THE NET FISCAL EARNINGS ACCOUNT REINVERTED (NFEAR)

ANNEX 12 A CONSOLIDATED

Final printing

NFEAR BALANCE FOR PREVIOUS PERIOD FOR WHICH IS DETERMINED

NFEAR BALANCE TO DECEMBER 31 st OF:

2001

13,867,316

Number of shares Outstanding at the Date of the NFEAR:

13,164,847,668

( Units)

ARE THE FIGURES FISCALLY AUDITED?

ARE THE FIGURES FISCALLY

DIVIDENDS PAIDOUT IN THE PERIOD THAT COMES FROM THE NFEAR

QUARTER

SERIAL

NUMBER OF SHARES OUTSTANDING

DATE OF SETTLEMENT

AMOUNT

2nd.

A, AA y L.

13,029,228,431

30/06/2002

1,789,625

3rd.

A, AA y L.

12,851,401,331

30/09/2002

1,775,975

DETERMINATION OF THE NFEAR OF THE PRESENT YEAR

NFEAR FROM THE PERIOD JANUARY 01 TO SEPTEMBER 30, OF 2002.

FISCAL EARNINGS:

+DEDUCTED WORKERS PROFIT SHARING

0

-DETERMINED INCOME TAX

0

-NON-DEDUCTABLES

0

-(+) EARNINGS (LOSS) FROM FOREING OF PROFIT

0

DETERMINED RFE OF THE FISCAL YEAR

0

- INCOME TAX (DEFERED ISR)

0

* FACTOR TO DETERMINE THE NFEAR

0

NFER FROM THE PERIOD

0

BALANCE OF THE NFEAR AT THE END OF THE PERIOD

NFEAR BALANCE TO 30 OF SEPTEMBER OF 2002

6,178,204

Number of shares Outstanding at the Date of the NFEAR

12,851,401,331

( Units )

MODIFICATION BY COMPLEMENTARY

NFEAR BALANCE TO DECEMBER 31 OF 2001

0

Number of shares Outstanding at the Date of NFEA :

0

( Units )

 

 

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER:3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR:2002

INTEGRATION OF THE PAID SOCIAL CAPITAL STOCK

CHARACTERISTICS OF SHARES

CONSOLIDATED

Final printing

NOMINAL

VALID

NUMBER OF SHARES

CAPITAL STOCK

SERIAL

VALUE

CUPON

FIXED

VARIABLE

PUBLIC

(Thousands of Pesos)

PORTION

PORTION

MEXICAN

SUBSCRIPTION

FIXED

VARIABLE

A

0.025

297,581,540

0

297,581,540

7,440

0

AA

0.025

4,136,480,585

0

4,136,480,585

0

103,412

0

L

0.025

8,417,339,206

0

8,417,339,206

210,433

0

TOTAL

0.025

12,851,401,331

0

4,136,480,585

8,714,920,746

321,285

0

TOTAL NUMBER OF SHARES REPRESENTING THE PAID-IN CAPITAL STOCK ON THE DATE OF SENDING THE INFORMATION:

12,851,401,331

SHARES PROPORTION BY:

CPO'S :

UNITS':

ADRS's :

GDRS's :

ADS's :

GDS's :

REPURCHASED OWN SHARES

NUMBER OF

MARKET VALUE OF THE SHARE

SERIAL

SHARES

AT REPURCHASE

AT QUARTER

L

313,446,337

14.63760

14.66030

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER:3

TELEFONOS DE MEXICO, S.A. DE C.V. YEAR:2002

 

CONSOLIDATED

Final printing

DECLARATION FROM THE COMPANY OFFICIALS RESPONSABLE FOR THE INFORMATION.

I HEREBY SWEAR THAT THE FINANCIAL INFORMATION HERE IN SUPPLIED TO THIS STOCK EXCHANGE, CORRESPONDING TO THE PERIOD FROM 1 OF JANUARY TO 30 OF SEPTEMBER OF 2002 AND 2001 IS THAT OBTAINED FROM OUR AUTHORIZED ACCOUNTING REGISTERS AND IS RESULT OF THE APPLICATION OF THE ACCOUNTING PRINCIPLES AND NORMS ACCEPTED AND STATED BY THE MEXICAN INSTITUTE OF PUBLIC ACCOUNTANTS AND IN THE PROVISIONS OF THE MEXICAN NATIONAL BANK AND STOCK COMMISION (COMISION NACIONAL BANCARIA Y DE VALORES).

THE ACCOUNTING PRINCIPLES USED BY THIS COMPANY AND THE PROCESSING OF DATA FOR THE PERIOD WHICH THE SAID INFORMATION REFERS WERE APPLIED USING THE SAME BASES AS FOR THE SIMILAR OF THE PREVIOUS YEAR.

 

 

ING. ADOLFO CEREZO PEREZ

C.P. EDUARDO ROSENDO GIRARD

CHIEF FINANCIAL OFFICER

COMPTROLLER

 

 

MEXICO, D.F., AT OCTOBER 29 OF 2002.

 

MEXICAN STOCK EXCHANGE

SIFIC/ICS

STOCK EXCHANGE CODE:TELMEX QUARTER: 3 YEAR:2002

TELEFONOS DE MEXICO, S.A. DE C.V.

INFORMACION GENERAL

 

DATOS GENERALES DE LA EMISORA

RAZON SOCIAL:

TELEFONOS DE MEXICO, S.A. DE C.V.

DOMICILIO:

PARQUE VIA 198,

COLONIA:

CUAUHTEMOC

CODIGO POSTAL:

06599

CIUDAD Y ESTADO:

MEXICO, D.F.

TELEFONO:

52 22 12 12

FAX:

E-MAIL:

DIRECCION INTERNET:

DATOS FISCALES DE LA EMISORA

RFC EMPRESA:

TME 840315KT6

DOMICILIO FISCAL:

PARQUE VIA 198,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

RESPONSABLE DE PAGO

NOMBRE:

C.P. EDUARDO ROSENDO GIRARD

DOMICILIO:

PARQUE VIA 198 - 5 PISO OFICINA 501

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

52 22 53 95

FAX:

52 50 80 54

E-MAIL:

DATOS DE LOS FUNCIONARIOS

PUESTO BMV

PRESIDENTE DEL CONSEJO DE ADMINISTRACION

PUESTO:

PRESIDENTE DEL CONSEJO DE ADMINISTRACION

NOMBRE:

ING. CARLOS SLIM HELU

DOMICILIO:

AV. PASEO DE LAS PALMAS NO. 750,

COLONIA:

LOMAS DE CHAPULTEPEC

C. POSTAL:

11000

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

56 25 49 00

FAX:

55 20 15 10

E-MAIL:

PUESTO BMV

DIRECTOR GENERAL

PUESTO:

DIRECTOR GENERAL

NOMBRE:

ING. JAIME CHICO PARDO

DOMICILIO:

PARQUE VIA 190 - 10 PISO OFICINA 1001,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

55 46 15 46 & 52 22 51 52

FAX:

57 05 00 39

E-MAIL:

PUESTO BMV

DIRECTOR DE FINANZAS

PUESTO:

DIRECTOR DE FINANZAS Y ADMINISTRACION

NOMBRE:

ING. ADOLFO CEREZO PEREZ

DOMICILIO:

PARQUE VIA 190 - 10 PISO OFICINA 1016,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

52 22 57 80 & 52 22 51 44

FAX:

52 55 15 76

E-MAIL:

PUESTO BMV

RESPONSABLE DE ENVIO DE INFORMACION FINANCIERA TRIM.

PUESTO:

SUBDIRECTOR DE CONTRALORIA

NOMBRE:

C.P. EDUARDO ROSENDO GIRARD

DOMICILIO:

PARQUE VIA 198 - 5 PISO OFICINA 501,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

52 22 53 95

FAX:

52 50 80 54

E-MAIL:

PUESTO BMV

2do. RESPONSABLE DE ENVIO DE INFORMACION FINANCIERA TRIM.

PUESTO:

GERENTE DE INTEGRACION CONTABLE CORPORATIVA

NOMBRE:

C.P. WALTERIO FLORES ARIAS

DOMICILIO:

PARQUE VIA 198 - 5 PISO OFICINA 503,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

52 22 18 03 & 52 22 18 04

FAX:

57 05 07 29

E-MAIL:

PUESTO BMV

RESPONSABLE DEL AREA JURIDICA

PUESTO:

DIRECTOR JURIDICO

NOMBRE:

LIC. SERGIO MEDINA NORIEGA

DOMICILIO:

PARQUE VIA 190 - 2 PISO OFICINA 202,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

52 22 14 25 & 52 22 57 42

FAX:

55 46 43 74

E-MAIL:

PUESTO BMV

SECRETARIO DEL CONSEJO DE ADMINISTRACION

PUESTO:

SECRETARIO DEL CONSEJO DE ADMINISTRACION

NOMBRE:

LIC. SERGIO MEDINA NORIEGA

DOMICILIO:

PARQUE VIA 190 - 2 PISO OFICINA 202,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

52 22 14 25 & 52 22 57 42

FAX:

55 46 43 74

E-MAIL:

PUESTO BMV

RESPONSABLE DE INFORMACION A INVERSIONISTAS

PUESTO:

GERENTE DE RELACION CON INVERSIONISTAS

NOMBRE:

LIC. ALEJANDRO MARTINEZ ALTAMIRANO

DOMICILIO:

PARQUE VIA 198 - 7 PISO OFICINA 701,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

57 03 39 90

FAX:

55 45 55 50

E-MAIL:

PUESTO BMV

ACREDITADO PARA ENVIO DE INFORMACION VIA EMISNET

PUESTO:

SUBDIRECTOR DE CONTRALORIA

NOMBRE:

C.P. EDUARDO ROSENDO GIRARD

DOMICILIO:

PARQUE VIA 198 - 5 PISO OFICINA 501,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

57 22 53 95

FAX:

52 50 80 54

E-MAIL:

PUESTO BMV

ACREDITADO PARA ENVIO DE EVENTOS RELEVANTES VIA EMISNET

PUESTO:

GERENTE DE VALORES

NOMBRE:

ACT. TERESA CURRIELCHE CRUZ

DOMICILIO:

PARQUE VIA 198 - 2 PISO OFICINA 201,

COLONIA:

CUAUHTEMOC

C. POSTAL:

06599

CIUDAD Y ESTADO::

MEXICO, D.F.

TELEFONO:

52 22 55 34

FAX:

52 54 59 55

E-MAIL: