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 2007
Commission File Number: 333-13580
Teléfonos de México, S.A. 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. DE C.V.
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
XFS-01 CONSOLIDATED BALANCE SHEETS, AT DECEMBER 31, 2006 & 2005
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 & 2005
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 & 2005
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: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
FS-01
CONSOLIDATED BALANCE SHEETS
AT DECEMBER 31, 2006 & 2005
(Thousands of Mexican Pesos)
Final printing
---
REF S |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
||
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
Amount |
% |
Amount |
% |
||
s01 |
TOTAL ASSETS |
264,031,695 |
100 |
266,202,762 |
100 |
s02 |
CURRENT ASSETS |
60,656,391 |
23 |
59,036,621 |
22 |
s03 |
CASH AND SHORT-TERM INVESTMENTS |
16,151,244 |
6 |
24,715,138 |
9 |
s04 |
ACCOUNTS AND NOTES RECEIVABLE (NET) |
28,732,527 |
11 |
26,602,435 |
10 |
s05 |
OTHER ACCOUNTS AND NOTES RECEIVABLE (NET) |
7,862,752 |
3 |
4,381,383 |
2 |
s06 |
INVENTORIES |
1,738,761 |
1 |
1,209,678 |
0 |
s07 |
OTHER CURRENT ASSETS |
6,171,107 |
2 |
2,127,987 |
1 |
s08 |
LONG - TERM |
3,006,436 |
1 |
856,208 |
0 |
s09 |
ACCOUNTS AND NOTES RECEIVABLE (NET) |
0 |
0 |
0 |
0 |
s10 |
INVESTMENT IN SHARES OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES |
2,999,860 |
1 |
848,893 |
0 |
s11 |
OTHER INVESTMENTS |
6,576 |
0 |
7,315 |
0 |
s12 |
PROPERTY, PLANT AND EQUIPMENT (NET) |
156,902,853 |
59 |
160,334,146 |
60 |
s13 |
LAND AND BUILDINGS |
0 |
0 |
0 |
0 |
s14 |
MACHINERY AND INDUSTRIAL EQUIPMENT |
472,640,746 |
179 |
456,253,533 |
171 |
s15 |
OTHER EQUIPMENT |
0 |
0 |
0 |
0 |
s16 |
ACCUMULATED DEPRECIATION |
323,917,451 |
123 |
305,089,100 |
115 |
s17 |
CONSTRUCTIONS IN PROGRESS |
8,179,558 |
3 |
9,169,713 |
3 |
s18 |
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) |
14,877,395 |
6 |
13,480,374 |
5 |
s19 |
OTHER ASSETS |
28,588,620 |
11 |
32,495,413 |
12 |
s20 |
TOTAL LIABILITIES |
158,075,765 |
100 |
147,639,769 |
100 |
s21 |
CURRENT LIABILITIES |
50,487,259 |
32 |
47,694,442 |
32 |
s22 |
SUPPLIERS |
0 |
0 |
0 |
0 |
s23 |
BANK LOANS |
6,651,272 |
4 |
3,355,975 |
2 |
s24 |
STOCK MARKET LOANS |
5,900,000 |
4 |
12,184,986 |
8 |
s25 |
TAXES PAYABLE |
1,809,700 |
1 |
1,793,372 |
1 |
s26 |
OTHER CURRENT LIABILITIES |
36,126,287 |
23 |
30,360,109 |
21 |
s27 |
LONG - TERM LIABILITIES |
88,192,065 |
56 |
81,311,856 |
55 |
s28 |
BANK LOANS |
52,584,440 |
33 |
42,920,519 |
29 |
s29 |
STOCK MARKET LOANS |
35,607,625 |
23 |
38,391,337 |
26 |
s30 |
OTHER LOANS |
0 |
0 |
0 |
0 |
s31 |
DEFERRED LIABILITIES |
0 |
0 |
0 |
0 |
s32 |
OTHER NON CURRENT LIABILITIES |
19,396,441 |
12 |
18,633,471 |
13 |
s33 |
CONSOLIDATED STOCKHOLDERS' EQUITY |
105,955,930 |
100 |
118,562,993 |
100 |
s34 |
MINORITY INTEREST |
2,743,625 |
3 |
10,580,327 |
9 |
s35 |
MAJORITY INTEREST |
103,212,305 |
97 |
107,982,666 |
91 |
s36 |
CONTRIBUTED CAPITAL |
47,157,412 |
45 |
49,952,263 |
42 |
s79 |
CAPITAL STOCK (NOMINAL) |
26,996,274 |
25 |
29,320,278 |
25 |
s39 |
PREMIUM ON SALES OF SHARES |
20,161,138 |
19 |
20,631,985 |
17 |
s40 |
CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES |
0 |
0 |
0 |
0 |
s41 |
CAPITAL INCREASE (DECREASE) |
56,054,893 |
53 |
58,030,403 |
49 |
s42 |
RETAINED EARNINGS AND CAPITAL RESERVE |
128,605,333 |
121 |
133,258,080 |
112 |
s44 |
OTHER ACCUMULATED COMPREHENSIVE RESULT |
(72,550,440) |
(68) |
(75,227,677) |
(63) |
s80 |
SHARES REPURCHASED |
0 |
0 |
0 |
0 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
16,151,244 |
100 |
24,715,138 |
100 |
s46 |
CASH |
3,003,620 |
19 |
2,615,262 |
11 |
s47 |
SHORT-TERM INVESTMENTS |
13,147,624 |
81 |
22,099,876 |
89 |
s07 |
OTHER CURRENT ASSETS |
6,171,107 |
100 |
2,127,987 |
100 |
s81 |
DERIVATIVE FINANCIAL INSTRUMENTS |
0 |
0 |
0 |
0 |
s82 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
s83 |
OTHER |
6,171,107 |
100 |
2,127,987 |
100 |
s18 |
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) |
14,877,395 |
100 |
13,480,374 |
100 |
s48 |
AMORTIZED OR REDEEMED EXPENSES |
4,600,018 |
31 |
4,764,822 |
35 |
s49 |
GOODWILL |
9,142,434 |
61 |
8,715,552 |
65 |
s51 |
OTHERS |
1,134,943 |
8 |
0 |
0 |
s19 |
OTHER ASSETS |
28,588,620 |
100 |
32,495,413 |
100 |
s84 |
INTANGIBLE ASSET FROM LABOR OBLIGATIONS |
19,173,478 |
67 |
23,933,925 |
74 |
s85 |
DERIVATIVE FINANCIAL INSTRUMENTS |
0 |
0 |
0 |
0 |
s50 |
DEFERRED TAXES |
6,616,527 |
23 |
6,163,043 |
19 |
s86 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
s87 |
OTHER |
2,798,615 |
10 |
2,398,445 |
7 |
s21 |
CURRENT LIABILITIES |
50,487,259 |
100 |
47,694,442 |
100 |
s52 |
FOREIGN CURRENCY LIABILITIES |
5,351,272 |
11 |
15,540,962 |
33 |
s53 |
MEXICAN PESOS LIABILITIES |
45,135,987 |
89 |
32,153,480 |
67 |
s26 |
OTHER CURRENT LIABITIES |
36,126,287 |
100 |
30,360,109 |
100 |
s88 |
DERIVATIVE FINANCIAL INSTRUMENTS |
1,925,111 |
5 |
1,679,952 |
6 |
s89 |
INTEREST LIABILITIES |
2,053,977 |
6 |
1,579,160 |
5 |
s68 |
PROVISIONS |
0 |
0 |
0 |
0 |
s90 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
s58 |
OTHER CURRENT LIABILITIES |
32,147,199 |
89 |
27,100,997 |
89 |
s27 |
LONG-TERM LIABILITIES |
88,192,065 |
100 |
81,311,856 |
100 |
s59 |
FOREIGN CURRENCY LIABILITIES |
82,492,065 |
94 |
72,899,937 |
90 |
s60 |
MEXICAN PESOS LIABILITIES |
5,700,000 |
6 |
8,411,919 |
10 |
s31 |
DEFERRED LIABILITIES |
0 |
0 |
0 |
0 |
s65 |
GOODWILL |
0 |
0 |
0 |
0 |
s67 |
OTHERS |
0 |
0 |
0 |
0 |
s32 |
OTHER NON CURRENT LIABILITIES |
19,396,441 |
100 |
18,633,471 |
100 |
s66 |
DEFERRED TAXES |
17,123,621 |
88 |
16,509,620 |
89 |
s91 |
OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE |
2,272,820 |
12 |
2,123,851 |
11 |
s92 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
s69 |
OTHER LIABILITIES |
0 |
0 |
0 |
0 |
s79 |
CAPITAL STOCK |
26,996,274 |
100 |
29,320,278 |
100 |
s37 |
CAPITAL STOCK (NOMINAL) |
252,539 |
1 |
275,564 |
1 |
s38 |
RESTATEMENT OF CAPITAL STOCK |
26,743,735 |
99 |
29,044,714 |
99 |
s42 |
RETAINED EARNINGS AND CAPITAL RESERVES |
128,605,333 |
100 |
133,258,080 |
100 |
s93 |
LEGAL RESERVE |
21,047,527 |
16 |
20,471,844 |
15 |
s43 |
RESERVE FOR REPURCHASE OF SHARES |
0 |
0 |
0 |
0 |
s94 |
OTHER RESERVES |
0 |
0 |
0 |
0 |
s95 |
RETAINED EARNINGS |
79,023,841 |
61 |
82,780,312 |
62 |
s45 |
NET INCOME FOR THE YEAR |
28,533,965 |
22 |
30,005,924 |
23 |
s44 |
OTHER ACCUMULATED COMPREHENSIVE RESULT |
(72,550,440) |
100 |
(75,227,677) |
100.00 |
s70 |
ACCUMULATED MONETARY RESULT |
(14,613,110) |
20 |
(14,954,387) |
20 |
s71 |
RESULT FROM HOLDING NON-MONETARY ASSETS |
(63,500,766) |
88 |
(62,540,989) |
83 |
s96 |
CUMULATIVE RESULT FROM FOREIGN CURRENCY TRANSLATION |
3,854,540 |
(5) |
450,319 |
(1) |
s97 |
CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL INSTRUMENTS |
55,736 |
0 |
222,011 |
0 |
s98 |
CUMULTATIVE EFFECT OF DEFERRED INCOME TAXES |
825,983 |
(1) |
1,595,369 |
(2) |
s99 |
LABOR OBLIGATION ADJUSTMENT |
0 |
0 |
0 |
0 |
s100 |
OTHERS |
827,177 |
(1) |
0 |
0 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
FS-03
CONSOLIDATED BALANCE SHEETS
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
REF S |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
FINANCIAL YEAR |
FINANCIAL YEAR |
||
Amount |
Amount |
||
s57 |
OTHER CURRENT LIABILITIES WITH COST (s26) |
||
s63 |
OTHER LOANS WITH COST (s32) |
0 |
0 |
s72 |
WORKING CAPITAL |
10,169,132 |
11,342,179 |
s73 |
PENSIONS FUND AND SENIORITY PREMIUMS |
0 |
0 |
s74 |
EXECUTIVES (*) |
124 |
119 |
s75 |
EMPLOYEES (*) |
25,589 |
24,217 |
s76 |
WORKERS (*) |
50,682 |
51,148 |
s77 |
OUTSTANDING SHARES (*) |
20,203,118,170 |
22,045,082,270 |
s78 |
REPURCHASE OF OWN SHARER(*) |
1,841,964,100 |
1,583,822,040 |
s101 |
RESTRICTED CASH |
0 |
0 |
s102 |
DEBT WITH COST OF AFFILIATES NON CONSOLIDATED |
0 |
0 |
(*) THESE CONCEPTS SHOULD BE EXPRESSED IN UNITS.
NOTE:
In references s57 and s63 it is only included the amount corresponding to the debts of the accounts s26 and s32 respectively.
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
FS-04
CONSOLIDATED STATEMENTS OF INCOME
- FROM JANUARY 01 TO DECEMBER 31, 2006 & 2005 -
(Thousands of Mexican Pesos)
Final printing
---
REF R |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
||
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
Amount |
% |
Amount |
% |
||
r01 |
OPERATING REVENUES |
175,006,123 |
100 |
173,504,716 |
100 |
r02 |
COST OF SALES AND SERVICES |
91,680,113 |
52 |
92,484,363 |
53 |
r03 |
GROSS INCOME |
83,326,010 |
48 |
81,020,353 |
47 |
r04 |
OPERATING EXPENSES |
35,035,378 |
20 |
29,172,748 |
17 |
r05 |
OPERATING INCOME |
48,290,632 |
28 |
51,847,605 |
30 |
r06 |
COMPREHENSIVE FINANCING COST |
3,626,086 |
2 |
5,653,512 |
3 |
r07 |
INCOME AFTER COMPREHENSIVE FINANCING COST |
44,664,546 |
26 |
46,194,093 |
27 |
r08 |
OTHER EXPENSES AND INCOMES (NET) |
0 |
0 |
0 |
0 |
r44 |
SPECIAL ITEMS |
0 |
0 |
0 |
0 |
r09 |
INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING |
44,664,546 |
26 |
46,194,093 |
27 |
r10 |
PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
16,060,590 |
9 |
15,359,031 |
9 |
r11 |
NET INCOME AFTER INCOME TAX AND EMPLYEE PROFIT SHARING |
28,603,956 |
16 |
30,835,062 |
18 |
r12 |
EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES |
457,876 |
0 |
69,056 |
0 |
r13 |
CONSOLIDATED NET INCOME OF CONTINUING OPERATIONS |
29,061,832 |
17 |
30,904,118 |
18 |
r14 |
INCOME FROM DISCONTINUED OPERATIONS (NET) |
0 |
0 |
0 |
0 |
r15 |
CONSOLIDATED NET INCOME BEFORE EXTRAORDINARY ITEMS |
29,061,832 |
17 |
30,904,118 |
18 |
r16 |
EXTRAORDINARY ITEMS, NET EXPENSE (INCOME) |
0 |
0 |
0 |
0 |
r17 |
NET EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES |
0 |
0 |
0 |
0 |
r18 |
NET INCOME |
29,061,832 |
17 |
30,904,118 |
18 |
r19 |
NET INCOME OF MINORITY INTEREST |
527,867 |
0 |
898,194 |
1 |
r20 |
NET INCOME OF MAYORITY INTEREST |
28,533,965 |
16 |
30,005,924 |
17 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
QUARTER OF PREVIOUS |
||
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
Amount |
% |
Amount |
% |
||
r01 |
OPERATING REVENUES |
175,006,123 |
100 |
173,504,716 |
100 |
r21 |
DOMESTIC |
124,692,540 |
71 |
129,533,263 |
75 |
r22 |
FOREIGN |
50,313,583 |
29 |
43,971,453 |
25 |
r23 |
TRANSLATION INTO DOLLARS (***) |
4,626,324 |
3 |
3,855,465 |
2 |
r06 |
COMPREHENSIVE FINANCING COST |
3,626,086 |
100 |
5,653,512 |
100 |
r24 |
INTEREST EXPENSE |
8,088,002 |
223 |
8,060,066 |
143 |
r42 |
LOSS (GAIN) ON RESTATEMENT OF UDI'S |
0 |
0 |
0 |
0 |
r45 |
OTHER FINANCIAL COSTS |
0 |
0 |
0 |
0 |
r26 |
INTEREST INCOME |
3,647,768 |
101 |
4,059,624 |
72 |
r46 |
OTHER FINANCIAL PRODUCTS |
0 |
0 |
||
r25 |
FOREIGN EXCHANGE LOSS (GAIN) (NET) |
1,639,144 |
45 |
3,761,792 |
67 |
r28 |
RESULT FROM MONETARY POSITION |
(2,453,292) |
(68) |
(2,108,722) |
(37) |
r10 |
PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
16,060,590 |
100 |
15,359,031 |
100 |
r32 |
INCOME TAX |
12,672,171 |
79 |
14,879,944 |
97 |
r33 |
DEFERRED INCOME TAX |
386,727 |
2 |
(2,570,165) |
(17) |
r34 |
EMPLOYEE PROFIT SHARING |
3,001,692 |
19 |
3,049,252 |
20 |
r35 |
DEFERRED EMPLOYEE PROFIT SHARING |
0 |
0 |
0 |
0 |
(***) THOUSAND DOLLARS |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
FS-06
CONSOLIDATED STATEMENTS OF INCOME
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
REF R |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
FINANCIAL YEAR |
FINANCIAL YEAR |
||
Amount |
Amount |
||
r36 |
TOTAL REVENUES |
175,006,123 |
173,504,716 |
r37 |
TAX RESULT FOR THE YEAR |
0 |
0 |
r38 |
OPERATING REVENUES (**) |
175,006,123 |
173,504,716 |
r39 |
OPERATING INCOME (**) |
48,290,632 |
51,847,605 |
r40 |
NET INCOME OF MAJORITY INTEREST (**) |
28,533,965 |
30,005,924 |
r41 |
NET INCOME (**) |
29,061,832 |
30,904,118 |
r47 |
OPERATIVE DEPRECIATION AND ACCUMULATED |
22,210,762 |
23,871,487 |
(**) |
INFORMATION OF THE PAST TWELVE MONTHS |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
FS-07
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
- FROM OCTOBER 01 TO DECEMBER 31, 2006 & 2005 -
(Thousands of Mexican Pesos)
Final printing
---
REF RT |
CONCEPTS |
QUARTER OF PRESENT |
QUARTER OF PREVIOUS |
||
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
Amount |
% |
Amount |
% |
||
rt01 |
OPERATING REVENUES |
44,750,364 |
100 |
43,987,905 |
100 |
rt02 |
COST OF SALES AND SERVICES |
23,507,208 |
53 |
22,986,582 |
52 |
rt03 |
GROSS INCOME |
21,243,156 |
47 |
21,001,323 |
48 |
rt04 |
OPERATING EXPENSES |
9,640,645 |
22 |
7,301,876 |
17 |
rt05 |
OPERATING INCOME |
11,602,511 |
26 |
13,699,447 |
31 |
rt06 |
COMPREHENSIVE FINANCING COST |
(223,888) |
(1) |
2,224,188 |
5 |
rt07 |
INCOME AFTER COMPREHENSIVE FINANCING COST |
11,826,399 |
26 |
11,475,259 |
26 |
rt08 |
OTHER EXPENSES AND INCOMES (NET) |
0 |
0 |
0 |
0 |
rt44 |
SPECIAL ITEMS |
0 |
0 |
0 |
0 |
rt09 |
INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING |
11,826,399 |
26 |
11,475,259 |
26 |
rt10 |
PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
4,330,758 |
10 |
2,921,848 |
7 |
rt11 |
NET INCOME AFTER INCOME TAX AND EMPLYEE PROFIT SHARING |
7,495,641 |
17 |
8,553,411 |
19 |
rt12 |
EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES |
137,023 |
0 |
132,471 |
0 |
rt13 |
CONSOLIDATED NET INCOME OF CONTINUING OPERATIONS |
7,632,664 |
17 |
8,685,882 |
20 |
rt14 |
INCOME FROM DISCONTINUED OPERATIONS (NET) |
0 |
0 |
0 |
0 |
rt15 |
CONSOLIDATED NET INCOME BEFORE EXTRAORDINARY ITEMS |
7,632,664 |
17 |
8,685,882 |
20 |
rt16 |
EXTRAORDINARY ITEMS, NET EXPENSE (INCOME) |
0 |
0 |
0 |
0 |
rt17 |
NET EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES |
0 |
0 |
0 |
0 |
rt18 |
NET INCOME |
7,632,664 |
17 |
8,685,882 |
20 |
rt19 |
NET INCOME OF MINORITY INTEREST |
231,870 |
1 |
100,523 |
0 |
rt20 |
NET INCOME OF MAYORITY INTEREST |
7,400,794 |
17 |
8,585,359 |
20 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
QUARTER OF PREVIOUS |
||
FINANCIAL YEAR |
FINANCIAL YEAR |
||||
Amount |
% |
Amount |
% |
||
rt01 |
OPERATING REVENUES |
44,750,364 |
100 |
43,987,905 |
100 |
rt21 |
DOMESTIC |
32,168,145 |
72 |
34,567,057 |
79 |
rt22 |
FOREIGN |
12,582,219 |
28 |
9,420,848 |
21 |
rt23 |
TRANSLATION INTO DOLLARS (***) |
1,268,529 |
3 |
863,044 |
2 |
rt06 |
COMPREHENSIVE FINANCING COST |
(223,888) |
100 |
2,224,188 |
100 |
rt24 |
INTEREST EXPENSE |
2,701,242 |
(1,207) |
2,109,952 |
95 |
rt42 |
LOSS (GAIN) ON RESTATEMENT OF UDI'S |
0 |
0 |
0 |
0 |
rt45 |
OTHER FINANCIAL COSTS |
0 |
0 |
0 |
0 |
rt26 |
INTEREST INCOME |
2,033,706 |
(908) |
729,810 |
33 |
rt46 |
OTHER FINANCIAL PRODUCTS |
0 |
0 |
0 |
0 |
rt25 |
FOREIGN EXCHANGE LOSS (GAIN) (NET) |
144,890 |
(65) |
1,776,320 |
80 |
rt28 |
RESULT FROM MONETARY POSITION |
(1,036,314) |
463 |
(932,274) |
(42) |
rt10 |
PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
4,330,758 |
100 |
2,921,848 |
100 |
rt32 |
INCOME TAX |
1,827,507 |
42 |
2,597,595 |
89 |
rt33 |
DEFERRED INCOME TAX |
1,752,780 |
40 |
(330,228) |
(11) |
rt34 |
EMPLOYEE PROFIT SHARING |
750,471 |
17 |
654,481 |
22 |
rt35 |
DEFERRED EMPLOYEE PROFIT SHARING |
0 |
0 |
0 |
0 |
(***) THOUSAND DOLLARS |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
5,169,332 |
5,592,386 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
FS-10
CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
- FROM JANUARY 01 TO DECEMBER 31, 2006 & 2005 -
(Thousands of Mexican Pesos)
Final printing
---
REF C |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
Amount |
Amount |
||
c01 |
NET INCOME |
29,061,832 |
30,904,118 |
c02 |
(+)(-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING RESOURCES |
29,682,083 |
28,540,897 |
c03 |
CASH FLOW FROM NET INCOME FOR THE YEAR |
58,743,915 |
59,445,015 |
c04 |
CASH FLOW FROM CHANGES IN WORKING CAPITAL |
(5,819,805) |
(4,889,906) |
c05 |
RESOURCES PROVIDED BY (USED FOR) OPERATING ACTIVITIES |
52,924,110 |
54,555,109 |
c06 |
RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES |
3,480,853 |
(1,149,152) |
c07 |
RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES |
(32,314,916) |
(27,777,660) |
c08 |
RESOURCES PROVIEDED BY (USED FOR) FINANCING ACTIVITIES |
(28,834,063) |
(28,926,812) |
c09 |
RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES |
(32,653,941) |
(23,467,348) |
c10 |
NET INCREASE (DECREASE) IN CASH AND SHORT-TERM INVESTMENTS |
(8,563,894) |
2,160,949 |
c11 |
CASH AND SHORT-TERM INVESTMENTS AT THE BEGINNIG OF PERIOD |
24,715,138 |
22,554,189 |
c12 |
CASH AND SHORT-TERM INVESTMENTS AT THE END OF PERIOD |
16,151,244 |
24,715,138 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
29,682,083 |
28,540,897 |
c13 |
DEPRECIATION AND AMORTIZATION FOR THE YEAR |
24,563,262 |
25,998,692 |
c41 |
+(-) OTHER ITEMS |
5,118,821 |
2,542,205 |
c04 |
CASH FLOW FROM CHANGES IN WORKING CAPITAL |
(5,819,805) |
(4,889,906) |
c18 |
+(-) DECREASE (INCREASE) IN ACCOUNT RECEIVABLE |
(3,227,374) |
1,373,129 |
c19 |
+(-) DECREASE (INCREASE) IN INVENTORIES |
(1,315,076) |
(866,038) |
c20 |
+(-) DECREASE (INCREASE) IN OTHER ACCOUNT RECEIVABLE AND OTHER ASSETS |
(5,743,705) |
1,850,776 |
c21 |
+(-) INCREASE (DECREASE) IN SUPPLIERS ACCOUNT |
0 |
0 |
c22 |
+(-) INCREASE (DECREASE) IN OTHER LIABILITIES |
4,466,350 |
(7,247,773) |
c06 |
RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES |
3,480,853 |
(1,149,152) |
c23 |
+ BANK FNANCING |
23,520,841 |
26,135,760 |
c24 |
+ STOCK MARKET FINANCING |
646,443 |
328,202 |
c25 |
+ DIVIDEND RECEIVED |
0 |
0 |
c26 |
+ OTHER FINANCING |
0 |
1,076,552 |
c27 |
(-) BANK FINANCING AMORTIZATION |
(14,945,688) |
(18,784,900) |
c28 |
(-) STOCK MARKET FINANCING AMORTIZATION |
(513,045) |
(1,892,897) |
c29 |
(-) OTHER FINANCING AMORTIZATION |
(4,819,639) |
0 |
c42 |
+ (-) OTHER ITEMS |
(408,059) |
(8,011,869) |
c07 |
RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES |
(32,314,916) |
(27,777,660) |
c30 |
+ (-) INCREASE (DECREASE) IN CAPITAL STOCK |
(1,654,878) |
(1,488,943) |
c31 |
(-) DIVIDENDS PAID |
(8,525,608) |
(9,110,551) |
c32 |
+ PREMIUM ON SALE OF SHARES |
0 |
0 |
c33 |
+ CONTRIBUTION FOR FUTURE CAPITAL INCREASES |
(22,134,430) |
0 |
c43 |
+ (-) OTHER ITEMS |
0 |
(17,178,166) |
c09 |
RESOURCES PROVIDED BY (USED FOR ) INVESTMENT ACTIVITIES |
(32,653,941) |
(23,467,348) |
c34 |
+(-) DECREASE (INCREASE) IN STOCK INVESTMENTS OF PERMANENT NATURE |
(11,273,741) |
(5,600,756) |
c35 |
(-) ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT |
(22,331,558) |
(24,954,473) |
c36 |
(-) INCREASE IN CONSTRUCTIONS IN PROGRESS |
0 |
0 |
c37 |
+ SALE OF OTHER PERMANENT INVESTMENT |
0 |
148,940 |
c38 |
+ SALE OF TANGIBLE FIXED ASSETS |
0 |
0 |
c39 |
+ (-) OTHER ITEMS |
951,358 |
6,938,941 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 (**) |
$1.41 |
$1.36 |
||
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 (**) |
$1.41 |
$1.36 |
||
d05 |
EFFECT OF DISCONTINUOUS OPERATIONS ON INCOME FROM CONTINUOS OPERATIONS PER ORDINARY SHARE (**) |
$0.00 |
$0.00 |
||
d06 |
EFFECT OF EXTRAORDINARY INCOME ON INCOME FROM CONTINOUS OPERATIONS PER ORDINARY SHARE (**) |
$0.00 |
$0.00 |
||
d07 |
EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES ON INCOME FROM CONTINOUS OPERATIONS PER ORDINARY SHARE (**) |
$0.00 |
$0.00 |
||
d08 |
CARRYING VALUE PER SHARE |
$5.11 |
$4.90 |
||
d09 |
ACUMULATED CASH DIVIDEND PER SHARE |
$0.42 |
$0.41 |
||
d10 |
SHARE DIVIDENDS PER SHARE |
0.00 |
shares |
0.00 |
shares |
d11 |
MARKET PRICE TO CARRYING VALUE |
3.00 |
times |
2.86 |
times |
d12 |
MARKET PRICE TO BASIC INCOME PER ORDINARY SHARE (**) |
10.87 |
times |
10.30 |
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: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
FI-02
RATIOS
- CONSOLIDATED INFORMATION -
(Thousands of Mexican Pesos)
Final printing
---
REF P |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
YIELD |
|||||
p01 |
NET INCOME TO OPERATING REVENUES |
16.60% |
17.81% |
||
p02 |
NET INCOME TO STOCKHOLDERS' EQUITY (**) |
27.64% |
27.78% |
||
p03 |
NET INCOME TO TOTAL ASSETS ( **) |
11.00% |
11.60% |
||
p04 |
CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME |
28.41% |
30.31% |
||
p05 |
INCOME DUE TO MONETARY POSITION TO NET INCOME |
8.44% |
6.82% |
||
ACTIVITY |
|||||
p06 |
OPERATING REVENUES TO TOTAL ASSETS (**) |
0.66 |
times |
0.65 |
times |
p07 |
OPERATING REVENUES TO FIXED ASSETS (**) |
1.11 |
times |
1.08 |
times |
p08 |
INVENTORIES ROTATION (**) |
52.72 |
times |
76.45 |
times |
p09 |
ACCOUNTS RECEIVABLE IN DAYS OF SALES |
51.39 |
days |
47.99 |
days |
p10 |
INTEREST PAID TO TOTAL LIABILITIES WITH COST (**) |
7.61% |
8.32% |
||
LEVERAGE |
|||||
p11 |
TOTAL LIABILITIES TO TOTAL ASSETS |
59.86% |
55.46% |
||
p12 |
TOTAL LIABILITIES TO STOCKHOLDERS' EQUITY |
1.49 |
times |
1.24 |
times |
p13 |
FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES |
55.57% |
59.90% |
||
p14 |
LONG-TERM LIABILITIES TO FIXED ASSETS |
56.20% |
50.71% |
||
p15 |
OPERATING INCOME TO INTEREST PAID |
5.97 |
times |
6.43 |
times |
p16 |
OPERATING REVENUES TO TOTAL LIABILITIES (**) |
1.10 |
times |
1.17 |
times |
LIQUIDITY |
|||||
p17 |
CURRENT ASSETS TO CURRENT LIABILITIES |
1.20 |
times |
1.23 |
times |
p18 |
CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES |
1.16 |
times |
1.21 |
times |
p19 |
CURRENT ASSETS TO TOTAL LIABILITIES |
0.38 |
times |
0.39 |
times |
p20 |
AVAILABLE ASSETS TO CURRENT LIABILITIES |
31.99% |
51.81% |
||
STATEMENT OF CHANGES IN FINANCIAL POSITION |
|||||
p21 |
CASH FLOW FROM NET INCOME TO OPERATING REVENUES |
33.56% |
34.26% |
||
p22 |
CASH FLOW FROM CHANGES IN WORKING CAPITAL TO OPERATING REVENUES |
-3.32% |
-2.81% |
||
p23 |
RESOURCES PROVIDED BY OPERATING ACTIVITIES TO INTEREST PAID |
6.54 |
times |
6.76 |
times |
p24 |
EXTERNAL FINANCING TO RESOURCES PROVIDED BY (USED FOR) FINANCING |
-12.07% |
3.97% |
||
p25 |
INTERNAL FINANCING TO RESOURCES PROVIDED BY (USED FOR) FINANCING |
112.07% |
96.02% |
||
p26 |
ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT TO RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES |
68.38% |
106.33% |
||
(**) INFORMATION OF THE PAST TWELVE MONTHS |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
ANNEX 1
CHIEF EXECUTIVE OFFICER REPORT
Consolidated
Final printing
---
Highlights
4th Quarter 2006
(3) Net debt is defined as short-term liabilities plus long-term debt less cash and equivalents.
Recent Events
Cash tender offer for shares of Embratel
On November 6, 2006, the initial period for the cash tender offer for common and preferred shares of Embratel Partiçpacoes ("Embratel Holdings") expired. As a result of the tender offer, TELMEX acquired 90.3% of the preferred shares (including 79% of the preferred shares represented by ADSs) and 26.5% of the common shares of Embratel Holdings. Through its subsidiaries, at year-end 2006 TELMEX owned 95.9% of all preferred shares, 98.0% of all common shares and 97.0% of all common and preferred shares, taken as a whole, of Embratel Holdings. As of February 12, 2007, as a result of purchases during the initial offering period and subsequent purchases, TELMEX increased its ownership in Embratel Holdings to approximately 96.8% of the preferred shares, 98.0% of the common shares and 97.4% of the total number of common and preferred shares, taken as a whole.
Acquisition of TV Cable and Cable Pacífico in Colombia
On December 4, 2006, TELMEX announced agreements with the controlling partners of TV Cable and the controlling partners of Cable Pacífico for TELMEX to acquire 100% of TV Cable S.A. and TV Cable Comunicaciones S.A. E.S.P. ("TV Cable") and 97.5% of TV Cable del Pacífico S.A. E.S.P. ("Cable Pacífico").
TV Cable offers cable TV, Internet and voice over IP services and has been in operation for 20 years. The company operates in Bogota and Cali. Cable Pacífico operates in nine states, and its main operation is in Medellin. Both transactions are subject to regulatory approvals and other conditions established in the agreements.
Acquisition of Boga
Further applying the regional growth strategy while staying within our strategic range of products and services, TELMEX is in the process of acquiring Boga, a cable TV company in Peru. This company mainly operates in the cities of Lima and Chiclayo.
Amendments to TELMEX's Bylaws
On December 5, 2006, TELMEX announced that at its Extraordinary Shareholders' Meeting, held in accordance with requirements established in the current Mexican Securities Law, shareholders approved amendments to its bylaws that adjust the integration, organization and operation of its corporate bodies. The amended bylaws are available in www.telmex.com in the Investor Relations section.
Consolidated Income Statements
Revenues:
In the fourth quarter, consolidated revenues increased 1.7%, mainly due to the increases in domestic long distance, Internet and corporate networks revenues of 8.2%, 8.9% and 10.9%, respectively, as well as the 17.6% increase in other revenues, comprised primarily of Yellow Pages and Tiendas TELMEX (TELMEX stores). In contrast, local service revenues and international long distance revenues decreased 7.9% and 5.7%, respectively. For the twelve months, revenues totaled 175 billion pesos, an increase of 0.9% compared with 2005.
Costs and expenses: Costs and expenses increased 9.4%, mainly due to the increase in interconnection charges in Mexico from the introduction of domestic and international calling party pays but also reflecting the fourth-quarter 2005 agreement with a data operator that decreased uncollectables by 201 million pesos as well as the recognition of 222 million reais of income tax contingencies related to incoming international long distance traffic and for additional payments related to ICMS (Imposto Sobre Circulação de Mercadoria e Prestação de Serviços) tax at Embratel. For the full year, costs and expenses totaled 126.7 billion pesos, 4.2% higher than in 2005.
EBITDA (1) and operating income: EBITDA (1) totaled 17.7 billion pesos in the fourth quarter, a decrease of 11.5% compared with the same period of 2005. The EBITDA margin was 39.5%. Operating income totaled 11.6 billion pesos, 15.3% lower than the fourth quarter of 2005. For the twelve months, EBITDA (1) totaled 72.9 billion pesos and operating income totaled 48.3 billion pesos.
Comprehensive financing cost: Comprehensive financing cost generated a credit of 224 million pesos in the quarter, this resulted from: i) a net interest charge of 667 million pesos due to a non-recurring gain of 603 million reais due to a favorable resolution from Brazil's Supreme Court regarding Embratel's income tax, offset by a recognized provision related to income tax from incoming international long distance traffic of 306 million reais, and a recognition of an impairment in Chile of 27 million dollars, ii) a net exchange loss of 145 million pesos from the fourth-quarter's exchange rate appreciation of 0.1747 pesos per dollar, partially offset by the 6.5 billion dollars in dollar-peso hedges (weighted average exchange rate: 11.08 pesos per dollar) and the 272 million dollars in dollar-reais hedges (weighted average exchange rate: 2.4944 reais per dollar), and iii) a gain in the monetary position of 1 billion pesos.
Majority net income: Majority net income in the fourth quarter totaled 7.401 billion pesos, 13.8% lower than the same period of the previous year. Earnings per share were 37 Mexican cents, and earnings per ADR were 67 US cents. For the twelve months, majority net income totaled 28.534 billion pesos, a decrease of 4.9% compared with the same period of last year.
Free cash flow: At December 31, resources provided by operating activities totaled 55.785 billion pesos, of which 23.789 billion pesos were used in share repurchases, 8.948 billion pesos in dividend payments and the rest in several investments.
Investments: In 2006, consolidated capital expenditures (capex) was the equivalent of 2.009 billion dollars, of which 78.4% was used for growth projects in the voice, data and transport infrastructure, 18.1% for operational support projects and operating needs, and 3.5% for social telephony.
Debt: Gross total debt at December 31 was the equivalent of 9.263 billion dollars, an increase of 771 million dollars from a year ago. Consolidated net debt (3) increased in the year to the equivalent of approximately 1.199 billion dollars, totaling 7.519 billion dollars.
(3) Net debt is defined as short-term liabilities plus long-term debt, less cash and equivalents.
Repurchase of shares: For the twelve months, the company used 23.789 billion pesos to repurchase its own shares. During the quarter 1.976 billion pesos were used to repurchase 134 million 489 thousand shares.
Mexico Operating Results
Lines in service
The capacity to generate economic resources has allowed TELMEX to grow in Mexico and expand internationally. The commitment of the Company is reflected in our investment levels, customer service and ongoing pursuit of operating efficiency improvement. In the last 16 years, TELMEX has applied technological modernization to increase domestic coverage and further penetrate the market with better telecommunications services. In this period, we have invested the equivalent of 27.692 billion dollars in telecommunications infrastructure in Mexico. This investment generates a multiplying effect in the Mexican economy as it provides telecommunications services to 22 thousand 801 communities that comprise 90.6% of the population.
In Mexico, there are hundreds of concessionaires and/or licenses to provide telecommunications services, and in the case of local service, as it publicly known, the applied mechanism results in not charging interconnection fees. In the fixed line business, we compete with operators that are mainly focused on high-income segments A and B. In these segments our market share is approximately 66%. At the same time, we have made a commitment to provide telecommunications services nationwide. As a result, we are the only fixed line operator in the country with a presence in socio-economic segments C-, D and E. At December 31, 2006, TELMEX had 18 million 251 thousand lines in service with a market share of 24% in Mexico, where there are more than 76 million fixed and mobile customers.
At TELMEX, we continue enhancing our service offerings and modernizing the telecommunications platform. Our efforts extend to rural areas. The initiatives optimize the required investment and reduce operating expenses. This allows us to offer voice, data and Internet services to more than 21 thousand 341 communities, benefiting more than 21 million inhabitants.
Another positive step for consumers in 2006 was the further reduction in the number of local calling areas. In Mexico the number of calling areas is now 397, below the total of 2 thousand 200 that existed in 1998. The average size of each local area now is 4 thousand 948 Km2, with more than 260 thousand inhabitants. That compares with the United States of America, where there are 25 thousand local calling areas that average 375 Km2 and fewer than 12 thousand inhabitants.
Based on the strategy to assure line profitability, in the quarter, TELMEX disconnected 377 thousand prepaid lines, bringing the total to 864 thousand prepaid disconnections for the full year that had payment problems or were not producing revenues. The application of this strategy along with the disconnection of lines that pay rent resulted in a reduction of 351 thousand in the quarter and 124 thousand for the full year. At December 31, 2006, there were 18 million 251 thousand lines in service.
Local traffic
During the fourth quarter, local traffic decreased 2.2% compared with the same period in 2005, with a total of 6.491 billion local calls. Local traffic volume has been affected by competition from local and wireless telephony and by the migration of our switched traffic to corporate networks, a trend that strengthens the data business although it adversely affects local traffic. For the twelve months, total local traffic was 26.575 billion calls, 0.4% lower than the same period of the previous year.
On the other hand, the measured service packages "Línea Más Negocio," launched in February 2005, reached 536 thousand services and "Línea Hogar," launched a year later, totaled 361 thousand services at year-end. These packages have allowed evolving the mix of revenues from single voice and data services to multi-service packages with monthly fixed revenues.
Long distance traffic
Domestic long distance (DLD) decreased 1.2% compared with the fourth quarter of 2005, totaling 4.424 billion minutes. A significant factor was the introduction of domestic calling party pays, which reached 136.9 million minutes in the quarter. If this effect were eliminated, domestic long distance would have increased 1.9%.
In the quarter, outgoing and incoming international long distance (ILD) traffic maintained its growth trend due to the introduction of packages. Increases of 1.5% and 15.8% compared with the same period a year earlier brought total minutes to 455 million and 1.809 billion, respectively. The incoming-outgoing ratio was 4. For the full year, international outgoing traffic totaled 1.876 billion minutes and incoming international traffic totaled 7.037 billion minutes, for increases of 4.8% and 31.8%, respectively.
Domestic and international long distance packages totaled 1.6 million customers at year-end, 32.4% more than in 2005.
Interconnection
In the fourth quarter, interconnection traffic increased 17.4%, totaling 10.339 billion minutes. Calling party pays traffic increased 19.9% due to the introduction of domestic and international calling party pays in November 2006. If we eliminate this effect, calling party pays traffic would have increased 6.9%. Traffic from local and international operators increased 12.9%. Traffic generated by cellular companies that is terminated in TELMEX's network increased 32.5%. For the full year, interconnection traffic totaled 39 billion minutes, an increase of 12.1%.
Internet and Corporate networks
In Mexico during the fourth quarter, we added 231 thousand broadband Prodigy Infinitum (ADSL) customers, bringing the total at year-end to 1.8 million services, an increase of 76.5% compared with 2005. The growth of Internet services has been supported by the sale of PC's that has made TELMEX the number one retailer of PC's in Mexico for two consecutive quarters. During 2006, we doubled the speed for Infinitum, integrated new multi-service packages with preferred rates and improved service levels by extending the capabilities of our world-class technological platform. These high-speed services now can be offered on 93.7% of TELMEX's network.
Billed line equivalents of 64 Kbps to corporate customers increased 15.9% compared with the previous year, reaching 2.3 million. In particular, penetration of these services has increased through the offer of VPNs (Virtual Private Networks), allowing our customers to optimize their operating costs and management of their data networks by having access to higher quality service levels.
Mexico Financial Results
Revenues: Revenues in the fourth quarter totaled 33.1 billion pesos, a level similar to that in the same period of the previous year, due the increases of 12.7% in revenues of Internet access, 11% in interconnection revenues because of the introduction of domestic and international calling party pays, and 25.1% in other revenues, mainly comprised by Yellow Pages and Tiendas TELMEX (TELMEX Stores), partially offset by the rate reduction in real terms of local and long distance, as well as the introduction of packages that decreased the revenue per unit but increased traffic. For the twelve months, total revenues were 128.3 billion pesos, 1.1% lower than the same period of 2005.
Costs and expenses:
In the fourth quarter, total costs and expenses were 21 billion pesos, an increase of 1.4%. This increase was due to higher interconnection costs (domestic and international calling party pays). If this effect were eliminated, costs and expenses would have decreased 1.5% as a result of cost control initiatives, as well as lower depreciation and amortization charges. For the twelve months, total costs and expenses were 80.5 billion pesos, 2.2% lower than the same period of 2005.
EBITDA (1) and operating income
: EBITDA (1) totaled 16.7 billion pesos in the fourth quarter, a decrease of 3.3% compared with the same period of last year. The EBITDA margin was 50.4%, a decrease of 1.6 percentage points compared with the fourth quarter of 2005. Operating income totaled 12.3 billion pesos, 3% lower than the fourth quarter of 2005, and the operating margin was 37.1%. For the twelve months, EBITDA (1) totaled 65.8 billion pesos with a margin of 51.3%, and operating income totaled 47.8 billion pesos with a margin of 37.2%.Investments:
In Mexico, total capital expenditures (capex) were 1.166 billion dollars, of which 74.9% was used for growth and modernization projects for the voice, data and transport infrastructure, 19.3% for operational support projects and operating needs, and 5.8% for social telephony.Debt:
At December 31, total debt was the equivalent of 8.013 billion dollars, an increase of 213 million dollars compared with last year. Net debt (3) in Mexico increased the equivalent of 697 million dollars to a total of 6.603 billion dollars.(3) Net debt is defined as short-term liabilities plus long-term debt less cash and equivalents.
Latin America Financial Results
In Brazil, efforts have been focused on consolidating Embratel's position in the data business for the commercial segment and increase local service offerings for the residential segment, resulted in an increase of 34.5% of billed line equivalents and an increase in local customers of 31.6% compared with the fourth quarter of 2005. At December 31, the company provided Net Fone services through Net's infrastructure to 181.9 thousand customers. Local and domestic long distance traffic showed increases of 27.1% and 20.2% in the quarter, respectively, compared with the same period of 2005. For the full year, local traffic and domestic long distance traffic increased 39.4% and 16.2%, respectively.
In the fourth quarter, revenues from the operations in Brazil totaled 2.082 billion reais, 6.9% higher than the same quarter of the previous year. Higher revenues were mainly due to the 10.4% increase in the data business, to the 19.2% increase in local services, and the 5.5% increase in domestic long distance. For the twelve months, revenues totaled 8.220 billion reais, 6.9 % higher than last year.
During the quarter, Embratel recognized income tax contingencies related to incoming international long distance for 222 million reais, as well as an additional charge regarding ICMS tax (Imposto Sobre Circulação de Mercadoria e Prestação de Serviços), that reduced the impact of the fiscal contingency related to this tax that the company had for many years. The amount of the non-recurring charge related to the ICMS tax was approximately 632 million reais for the full year. This effect, along with higher costs related to an increase in sales and charges related to the Telecommunications Service Universal Fund (FUST), generated costs and expenses in the quarter of 2.210 billion reais, an increase of 17.7% compared with the fourth quarter of the previous year.
EBITDA (1) totaled 154 million reais in the fourth quarter and 1.155 billion reais for the twelve months. Operating income had losses of 62 million reais in the quarter and for the full year, operating income totaled 57 million reais. If the non-recurring effects were eliminated, EBITDA (1) and operating income would have been 468 million reais and 252 million reais, respectively in the quarter.
Argentina
In the quarter, revenues from the operations in Argentina totaled 91.6 million Argentinean pesos, an increase of 8.5% compared with the same period of the previous year due to increases in revenues of 19.4% in the corporate and Internet businesses, 5.3% in long distance and 25% in the local services, offset by the decrease in interconnection revenues with other operators. Operating costs and expenses totaled 99.7 million Argentinean pesos in the quarter, an increase of 9.8% due to the increase in network maintenance costs and advertising expenses to expand the customer base. In the quarter, EBITDA (1) totaled 7 million Argentinean pesos with a margin of 7.7%. The operating loss was 8.1 million Argentinean pesos in the quarter.
Colombia
In Colombia, revenues totaled 54.511 billion Colombian pesos in the fourth quarter, 52.4% higher than the same period of 2005. Higher revenues were mainly due to the integration of sites of several corporate customers and the integration of Superview (a cable TV company) since November 2006 that contributed with 7.876 billion Colombian pesos. Costs and expenses increased 62.8%, totaling 43.186 billion Colombian pesos, mainly due to the incorporation of Superview that contributed with 8.245 billion Colombian pesos and to the 17.2% increase in transport and interconnection expenses for additional services. Operating income totaled 11.325 billion Colombian pesos compared with operating income of 9.239 billion Colombian pesos in the year-ago fourth quarter, an increase of 22.6%. The operating margin was 20.8%. EBITDA (1) totaled 20.570 billion Colombian pesos with a margin of 37.7%, compared with EBITDA (1) of 16.053 billion Colombian pesos in the same period of the previous year.
Chile
In the fourth quarter, revenues totaled 16.625 billion Chilean pesos, an increase of 0.5% compared with the same period of 2005. Revenues from the corporate networks and Internet and local service businesses increased 15% and 42.6%, respectively, compared with the same quarter of 2005. The Chilean long distance market continues to decrease due to the migration to mobile services and private networks, which caused a decline in long distance revenues of 5.7%, compared with the fourth quarter of the previous year.
Costs and expenses in the fourth quarter totaled 18.277 billion Chilean pesos, an increase of 13.3% compared with the same period of 2005. Costs of sales and services increased 27.8% due to the increase in network maintenance costs related to growth in local services and to the 6.1% increase in transport and interconnection costs. In the quarter, there was an operating loss of 1.652 billion Chilean pesos compared with operating income of 413 million Chilean pesos in the same period of the previous year. EBITDA (1) in the quarter totaled 1.817 billion Chilean pesos with a margin of 10.9%.
Peru
From October to December, total revenues were 55.3 million New Soles, an increase of 7.4% compared with the same period of 2005. The data business, which represents 34.3% of revenues, increased 22.6%. Voice business revenues were flat compared with the previous year since the 27.9% increase in lines in service offset the decrease in interconnection revenues with other operators. In the quarter, costs and expenses grew 8.8% due to the increase of 7.9% in transport and interconnection costs compared with 2005. Operating income in the quarter totaled 0.9 million New Soles compared with 1.5 million New Soles in the same period of 2005. EBITDA (1) in the fourth quarter totaled 13 million New Soles with a margin of 23.5% compared with EBITDA (1) of 13.9 million New Soles in the same period of 2005.
Mexico Local and Long Distance Accounting Separation |
||||||||||
Based on Condition 7-5 of the Amendments of the Concession Title of Teléfonos de México, the |
||||||||||
commitment to present the accounting of the local and long distance services is presented |
||||||||||
below for the fourth quarter of 2006 and 2005. |
||||||||||
Mexico Local Service Business |
||||||||||
Income Statements |
||||||||||
[ millions of Mexican constant pesos as of December, 2006 ] |
||||||||||
% |
12 months |
12 months |
% |
|||||||
4Q 2006 |
4Q 2005 |
Inc. |
2006 |
2005 |
Inc. |
|||||
Revenues |
||||||||||
Access, rent and measured service |
Ps. |
13,474 |
Ps. |
14,218 |
(5.2) |
Ps. |
55,595 |
Ps. |
57,779 |
(3.8) |
LADA interconnection |
1,053 |
1,102 |
(4.4) |
4,463 |
4,395 |
1.5 |
||||
Interconnection with operators |
469 |
255 |
83.9 |
1,619 |
1,481 |
9.3 |
||||
Interconnection with cellular |
3,784 |
4,042 |
(6.4) |
15,117 |
16,561 |
(8.7) |
||||
Other |
2,301 |
2,629 |
(12.5) |
9,342 |
9,256 |
0.9 |
||||
Total |
21,081 |
22,246 |
(5.2) |
86,136 |
89,472 |
(3.7) |
||||
Costs and expenses |
||||||||||
Cost of sales and services |
5,850 |
5,576 |
4.9 |
21,843 |
22,672 |
(3.7) |
||||
Commercial, administrative and general |
4,231 |
3,841 |
10.2 |
16,791 |
15,808 |
6.2 |
||||
Interconnection |
2,834 |
3,174 |
(10.7) |
11,360 |
12,503 |
(9.1) |
||||
Depreciation and amortization |
2,680 |
3,121 |
(14.1) |
11,974 |
13,101 |
(8.6) |
||||
Total |
15,595 |
15,712 |
(0.7) |
61,968 |
64,084 |
(3.3) |
||||
Operating income |
Ps. |
5,486 |
Ps. |
6,534 |
(16.0) |
Ps. |
24,168 |
Ps. |
25,388 |
(4.8) |
EBITDA (1) |
Ps. |
8,166 |
Ps. |
9,655 |
(15.4) |
Ps. |
36,142 |
Ps. |
38,489 |
(6.1) |
EBITDA margin (%) |
38.7 |
43.4 |
(4.7) |
42.0 |
43.0 |
(1.0) |
||||
Operating margin (%) |
26.0 |
29.4 |
(3.4) |
28.1 |
28.4 |
(0.3) |
||||
Mexico Long Distance Service Business |
||||||||||
Income Statements |
||||||||||
[ millions of Mexican constant pesos as of December, 2006 ] |
||||||||||
% |
12 months |
12 months |
% |
|||||||
4Q 2006 |
4Q 2005 |
Inc. |
2006 |
2005 |
Inc. |
|||||
Revenues |
||||||||||
Domestic long distance |
Ps. |
4,952 |
Ps. |
4,309 |
14.9 |
Ps. |
17,678 |
Ps. |
17,335 |
2.0 |
International long distance |
2,239 |
2,184 |
2.5 |
8,927 |
8,902 |
0.3 |
||||
Total |
7,191 |
6,493 |
10.8 |
26,605 |
26,237 |
1.4 |
||||
Costs and expenses |
||||||||||
Cost of sales and services |
1,350 |
1,394 |
(3.2) |
5,367 |
5,635 |
(4.8) |
||||
Commercial, administrative and general |
1,287 |
1,426 |
(9.7) |
5,423 |
5,390 |
0.6 |
||||
Interconnection to the local network |
1,803 |
968 |
86.3 |
4,800 |
3,870 |
24.0 |
||||
Depreciation and amortization |
529 |
655 |
(19.2) |
2,381 |
2,687 |
(11.4) |
||||
Total |
4,969 |
4,443 |
11.8 |
17,971 |
17,582 |
2.2 |
||||
Operating income |
Ps. |
2,222 |
Ps. |
2,050 |
8.4 |
Ps. |
8,634 |
Ps. |
8,655 |
(0.2) |
EBITDA (1) |
Ps. |
2,751 |
Ps. |
2,705 |
1.7 |
Ps. |
11,015 |
Ps. |
11,342 |
(2.9) |
EBITDA margin (%) |
38.3 |
41.7 |
(3.4) |
41.4 |
43.2 |
(1.8) |
||||
Operating margin (%) |
30.9 |
31.6 |
(0.7) |
32.5 |
33.0 |
(0.5) |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
ANNEX 2
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
S 87 OTHERS
In this item there are included the inventories for telephone plant operation that at December 31, 2006 and 2005 rose $2,798,615 and $2,398,445, 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
In this item it is included the projected net asset accordingly with Bulletin D-3 Labor Obligations issued by the Mexican Institute of Public Accountants.
PROJECTED NET ASSETS (D-3)
At December 31, 2006 and 2005, 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 signed an agreement to restructure the syndicated bank loan issued on 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 due in four years and the second one for 1 billion dollars due in six years. On August 11, 2006 the loan was restructured again in order to improve the credit conditions and increase the total amount to 3 billion dollars divided in three tranches, the first one for 1.3 billion dollars due in three years, the second one for 1 billion dollars due in five years and the third one for 700 million dollars due in seven years.
On June 30, 2006 Telmex signed a syndicated loan agreement in the amount of 500 million dollars divided into two tranches of 250 million dollars each one, due in four and six years, respectively.
S 24 AND S 29 STOCK MARKET LOANS
During 2001, TELMEX issued senior notes for U.S.$1.5 billion, maturing in 2006 and bearing 8.25% annual, interest payable semi-annually. From January to December, 2005, TELMEX repurchased in the market a portion of these senior notes in the amount of U.S. $431.6 million (nominal value). The difference between the repurchase price and the nominal value of the bonds is U.S.$ 15.6 million. On January 26, 2006, Telmex paid the outstanding balance that amounted U.S.$1,068.4 million.
On November 19, 2003, TELMEX issued a bond for U.S.$ 1.0 billion due 2008, with an annual; interest of 4.5%. Interest will be paid every six months.
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. Interest will be paid every six months. 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 31, 2006, TELMEX placed abroad a senior note in the amount of Ps. 4.5 billion, maturing in 2016 and bearing interest at 8.75%. Interest will be paid semi-annually.
On July 2006, cross currency swaps were carried out to cover the exchange rate and interest rate risks related to the issuance of bonds with maturity in 2010 and 2015 for a total of 1.750 billion dollars (with interest rates of 4.75% and 5.50%, respectively). This transaction allowed TELMEX to hedge the 2010 and 2015 bonds at a strike price of 10.9275 pesos with fixed rates of 7.52% and 8.57%, respectively.
S 29 STOCK MARKET LOANS (LONG-TERM)
At December 31, 2006 and 2005, this item rose to $ 35,607,625 and $ 38,391,337, respectively and is comprised by the following:
2006 |
2005 |
|
Domestic Senior Notes |
Ps 1,200,000 |
Ps. 7,027,680 |
Bonds |
29,907,625 |
31,363,657 |
Global peso Senior Notes |
Ps 4,500,000 |
0 |
S 32 OTHER LIABILITIES
At December 31, 2006 and 2005, this item rose to Ps 2,037,605
and Ps. 1,975,290, respectively, that corresponds to Embratel's labor obligations, as well as the actuarial obligations for labor termination in Mexico in the amount of Ps. 235,215 and 148,561 at December 31, 2006 and 2005 respectively, based on the requirements of Bulletin D-3.
S 42 RETAINED EARNINGS AND CAPITAL RESERVES
In October 9, 2006 the Ordinary Shareholders Meeting approved to increase in Ps. 15 billion (face value), the amount authorized to acquire its own shares, bringing the total maximum amount to be used for this purpose to Ps. $ 15,931,293 (face value).
From January to Decembre 2006, the Company acquired
1.838 billion Series L shares for Ps 23,737,186 (historical cost of Ps. 23,092,355) and 3.9 million Series A shares for Ps. 52,122 (historical cost of Ps. 50,682).
From January to December 2005, the Company acquired
1,577.6 million Series L shares for Ps. 18,329,752 (historical cost of Ps. 16,926,983) and 6.2 million Series A shares for Ps. 71,372 (historical cost of Ps. 65,761).
For comparative purposes, there was applied retroactively a two-for-one stock split effect, as approved by the Extraordinary Shareholders Meeting as of April 28, 2005 and effective as of May 25, 2005, to the shares acquired from January 1, 2005 to May 20, 2005.
The Company's repurchased shares are applied to unappropiated retained earnings in the amount the corresponding shares purchased exceeded capital stock.
S 58 OTHER CURRENT LIABILITIES
At December 31, 2006 and 2005, this item rose to Ps.
32,147,199 and Ps. 27,100,997 respectively and is comprised by the following concepts:
2006 |
2005 |
|
Accounts payable |
Ps. 18,885,308 |
Ps 16,040,295 |
Accrued liabilities |
11,103,072 |
8,993,061 |
Deferred credits |
2,158,819 |
2,067,641 |
S 73 PENSION FUND AND SENIORITY PREMIUMS
The Company has pensions plans and seniority benefit premiums that are established in defined pension plans that cover substantially all employees in Mexico.
Pension benefits are determined on the basis of compensation to employees in their final year employment, their seniority, and their age at the time of retirement.
The Company established an irrevocable trust fund to cover the payment of these obligations and has the policy of making annual contributions to such fund. These contributions are deductible for Mexican corporate income tax purposes. During the period comprised from January to December 2006, there were not contributions to the trust fund.
The transition liability, past services and variations in assumptions are being amortized over a period of twelve years, that is the estimated average remaining working-life of the Company's employees.
S 49 GOODWILL
The increase of Ps. 426,882 is mainly due to: (i) increase of Ps. 2,331,467 for the following acquisitions: 13% of 2wire, Inc., 2.8% of additional interest in the affiliate Net Serviços de Comunicaçao, S.A., 99.2% of Superview Telecomunicaciones, S.A. and 80% of Sección Amarilla U.S.A., LLC (formerly Cobalt Publishing, LLC); (ii) decrease due to purchase adjustments in the amount of Ps. 1,794,645; (ii) decrease due to impairment to income in the amount of Ps. 294,241 and; (iv) increase due to effect of translation of foreign entities of Ps. 184,301.
COMPREHENSIVE INCOME
In 2006 and 2005, the components of comprehensive income are presented as follows:
2006 |
2005 |
|
Net income for the period |
Ps. 29,061,832 |
Ps. 30,904,118 |
Deficit from holding non-monetary assets, net of deferred taxes |
(3,365,237) |
(5,999,915) |
Effect of market value of Swaps, net of deferred taxes |
(121,475) |
(175,999) |
Effect of securities available for sale: |
||
Gain for the year |
1,749,490 |
|
Gain on sale recognized in income |
0 |
(533,842) |
Effect of translation of foreign entities, net |
4,545,281 |
768,117 |
Gain on dilution in investment in affiliate |
853,081 |
|
Comprehensive Income |
30,973,482 |
26,711,969 |
NOTES TO CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
C 39 OTHER ITEMS
Includes inventories for operation of the telephone plant, marketable securities and instruments available for sale, deferred assets, as well as decreases of fixed assets.
RATIOS
P 08 INVENTORY TURNOVER RATE-COST
EMISNET automatically calculates the inventory turnover rate-cost by dividing the cost of sales and services (Ref. R 2) by the inventory of goods for sale (Ref. S 6), fact that affects the actual turnover.
RECLASIFICATIONS
Some of the figures of the 2005 financial statements have been reclassified to conform the presentation with the same used in the 2006 year.
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
ANNEX 3a
SHARE INVESTMENTS SUBSIDIARIES
Consolidated
Final printing
---
COMPANY NAME |
MAIN ACTIVITIES |
NUMBER OF SHARES |
OWNERSHIP % |
Consertel, S.A. de C.V. |
Investments in all types of businesses |
106,419,052,434 |
100.00 |
Cía. de Teléfonos y Bienes Raíces, S.A. de C.V. |
Real estate acquisition & leasing |
1,034,000,000 |
100.00 |
Alquiladora de Casas, S.A. de C.V. |
Real estate acquisition & leasing |
686,001,490 |
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 |
50,000 |
100.00 |
Renta de Equipo, S.A. de C.V. |
Equipment, vehicles & real estate leasing |
769,595,000 |
100.00 |
Multicomunicación Integral, S.A. de C.V. |
Trunking, installation & sales services |
662,482 |
100.00 |
Teleconstructora, S.A. de C.V. |
Construction & maint. of telephone network |
19,400,000 |
100.00 |
Anuncios en Directorios, S.A. de C.V. |
Sale of advertising space in yellow pages |
1,081,750 |
100.00 |
Operadora Mercantil, S.A. de C.V. |
Marketing services |
50,000 |
100.00 |
Impulsora Mexicana de Telecomunicaciones, S.A. |
Network projects |
4,602,225 |
100.00 |
Fuerza y Clima, S.A de C.V. |
Air conditioning installation & maint. |
4,925,000 |
100.00 |
Teléfonos del Noroeste, S.A. de C.V. |
Telecommunications services |
110,000,000 |
100.00 |
Aerocomunicaciones, S.A. de C.V. |
Aeronautic radiocom. mobile serv. |
89,034,600 |
99.99 |
Tecmarketing, S.A. de C.V. |
Telemarketing services |
6,850,000 |
100.00 |
Comertel Argos, S.A. de C.V. |
Personnel services |
6,000 |
100.00 |
Telmex International, Inc. |
Holding Company in the U S A. |
1,000 |
100.00 |
Instituto Tecnológico de Teléfonos de México, S.C |
Trainning & research services |
1,000 |
100.00 |
Buscatel, S.A. de C.V. |
Paging services |
142,445 |
100.00 |
Consorcio Red Uno, S.A. de C.V. |
Design & integrated telecom. Services |
167,691,377 |
100.00 |
Uninet, S.A. de C.V. |
Data transmission services |
67,559,615 |
100.00 |
Aerofrisco, S.A. de C.V. |
Air Taxi services |
6,360,624,600 |
100.00 |
Grupo Técnico de Administración, S.A. de C.V. |
Management, consulting & org. Services |
50,000 |
100.00 |
Teninver, S.A. de C.V. |
Investments in all types of businesses |
5,052,476 |
100.00 |
Telcoser, S.A. de C.V. |
Investments in all types of businesses |
17,230,931 |
100.00 |
Fintel Holdings, L.L.C. |
Investments in all types of businesses |
1,490 |
100.00 |
Servicios Administrativos Tecmarketing, S.A. de C.V. |
Software development, sales & management |
60,687,728 |
100.00 |
Metrored Holdings S. R. L. |
Telecommunications services |
364,172,289 |
100.00 |
Arrendadora de Servicios de Telecomunicaciones S.A. |
Equipment leasing |
50,000 |
100.00 |
Telmex Chile Holding S.A. |
Telecommunications services |
158,829,369,072 |
100.00 |
Telmex Colombia S. A. |
Telecommunications services |
176,669,199 |
100.00 |
Superview Telecomunicaciones, S.A. |
Cable TV operator |
57,447,495 |
99.15 |
Telmex Perú S. A. |
Telecommunications services |
4,187,416 |
100.00 |
Creo Sistemas S.A.C. |
Software development, sales & management |
10 |
100.00 |
Embratel Participações, S.A. |
Telecommunications services |
958,734,701,175 |
96.96 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
432,208 |
Centro Histórico de la Ciudad de México, SA de CV |
Real estate services |
80,020,000 |
21.77 |
80,020 |
109,551 |
TM and MS, LLC |
Internet portal (T1MSN) |
1 |
50.00 |
29,621 |
62,463 |
Net Serviços de Comunicação, S.A. |
Cable TV operator |
116,548,220 |
39.87 |
5,341,855 |
2,177,845 |
Eidon Software, S.A. de C.V. |
Software development |
35,567,911 |
22.74 |
35,568 |
51,183 |
2Wire, Inc. |
Broadband Services |
8,619,242 |
13.00 |
648,400 |
166,610 |
TOTAL INVESTMENT IN ASSOCIATES |
6,645,602 |
2,999,860 |
|||
OTHER PERMANENT INVESTMENTS |
6,576 |
||||
T O T A L |
6,645,602 |
3,006,436 |
NOTES:
The 39.87 % corresponds to the percentage held directly and indirectly by Embratel Participações, S.A. in Net Serviços de Comunicação, S.A., therefore, the TELMEX's indirect effective holding in Net is 38.58%.
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
ANNEX 5
CREDITS BREAKDOWN
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
Credit Type / Institution |
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 |
||||||||||||||
BBV ARGENTARIA S.A. (1) |
22/12/2007 |
6.12 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
174,945 |
0 |
0 |
0 |
0 |
BCO SANTANDER CH NY (1) |
22/12/2009 |
5.57 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
30,730 |
6,030 |
2,960 |
0 |
0 |
DEXIA BANK (1) |
31/12/2014 |
6.37 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
269,117 |
192,995 |
192,995 |
138,916 |
106,009 |
EXPORT DEVELOPMENT C. (1) |
22/04/2009 |
5.92 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
51,284 |
21,805 |
5,695 |
0 |
0 |
EXPORT DEVELOPMENT C. (1) |
22/07/2011 |
5.67 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
33,714 |
33,714 |
33,713 |
33,713 |
33,713 |
JAPAN BANK INT. COOP. (1) |
10/10/2011 |
6.25 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
932,205 |
932,204 |
932,204 |
932,204 |
932,074 |
NATEXIS BANQUE (2) |
31/03/2022 |
2.00 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
21,195 |
21,195 |
21,195 |
21,195 |
160,956 |
SOCIETE GENERALE PARIS (1) |
14/05/2007 |
6.12 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
15 |
0 |
0 |
0 |
0 |
VARIAS INSTITUCIONES (1) Y (6) |
30/11/2013 |
6.49 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
839,247 |
982,026 |
938,749 |
1,107,070 |
1,282,465 |
VARIAS INSTITUCIONES (2) |
01/07/2027 |
7.67 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2,998,820 |
2,797,630 |
686,702 |
601,113 |
1,368,950 |
0 |
00/01/1900 |
0.00 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
SECURED DEBT |
||||||||||||||
COMMERCIAL BANK |
||||||||||||||
BBVA BANCOMER (3) |
26/02/2007 |
7.37 |
0 |
800,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
BBVA BANCOMER (4) |
21/05/2007 |
7.74 |
0 |
500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
BBVA BANCOMER (1) |
07/07/2010 |
5.57 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2,718,875 |
0 |
BBVA BANCOMER (1) |
07/07/2012 |
5.62 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2,718,875 |
CITIBANK, N.A. (1) |
20/10/2009 |
5.57 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
14,138,150 |
0 |
0 |
CITIBANK, N.A. (1) |
20/10/2011 |
5.62 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
10,875,500 |
CITIBANK, N.A. (1) |
11/08/2013 |
5.70 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
7,612,850 |
OTHER |
||||||||||||||
TOTAL BANKS |
0 |
1,300,000 |
0 |
0 |
0 |
0 |
0 |
5,351,272 |
4,987,599 |
16,952,363 |
5,553,086 |
25,091,392 |
||
STOCK MARKET |
||||||||||||||
LISTED STOCK EXCHANGE |
||||||||||||||
UNSECURED DEBT |
||||||||||||||
CERT. BURSAT TLMX 02 (5) |
09/02/2007 |
8.00 |
0 |
1,650,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
CERT. BURSAT TLMX 01, 02-3-4(2) |
31/05/2012 |
11.05 |
0 |
1,000,000 |
0 |
400,000 |
0 |
300,000 |
0 |
0 |
0 |
0 |
0 |
0 |
CERT. BURSAT TLMX 01-2(5) |
26/10/2007 |
8.10 |
0 |
3,250,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
CERT. BURSAT TLMX 06 (4) |
15/09/2011 |
7.64 |
0 |
0 |
0 |
0 |
0 |
500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
4 1/2 SENIOR NOTES (2) |
19/11/2008 |
4.50 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
10,875,500 |
0 |
0 |
0 |
5 1/2 SENIOR NOTES (2) |
27/01/2015 |
5.50 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
8,700,400 |
4 3/4 SENIOR NOTES (2) |
27/01/2010 |
4.75 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
10,331,725 |
0 |
8 3/4 SENIOR NOTES PESOS (2) |
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 |
5,900,000 |
0 |
400,000 |
0 |
5,300,000 |
0 |
0 |
10,875,500 |
0 |
10,331,725 |
8,700,400 |
||
SUPPLIERS |
||||||||||||||
TOTAL SUPPLIERS |
||||||||||||||
OTHER CURRENT LIABILITIES AND OTHER CREDITS |
||||||||||||||
S58 OTHER CURRENT LIABILITIES |
0 |
32,147,199 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||
TOTAL |
0 |
39,347,199 |
0 |
400,000 |
0 |
5,300,000 |
0 |
5,351,272 |
15,863,099 |
16,952,363 |
15,884,811 |
33,791,792 |
NOTES:
A.- Interest rates:
The credits breakown is presented with an integrated rate as follows:
B.- The following rates were considered:
C.- 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, 2006 were as follows:
CURRENCY |
AMOUNT |
E.R. |
DOLLAR (USD) |
7,964,048 |
10.88 |
EURO (EUR) |
31,812 |
14.32 |
E.- There are other liabilities in foreign currency for an equivalent amount of
P. 774,860 thousand pesos.---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
674,220 |
7,332,479 |
1,732,606 |
18,842,951 |
26,175,430 |
LIABILITIES |
8,196,595 |
89,142,069 |
1,723,640 |
18,745,460 |
107,887,529 |
SHORT-TERM LIABILITIES |
668,924 |
7,274,883 |
1,666,183 |
18,120,581 |
25,395,464 |
LONG-TERM LIABILITIES |
7,527,671 |
81,867,186 |
57,457 |
624,879 |
82,492,065 |
NET BALANCE |
(7,522,375) |
(81,809,590) |
8,966 |
97,491 |
(81,712,099) |
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) |
10.88 |
EURO |
14.33 |
CHILEAN PESO |
0.02 |
ARGENTINEAN PESO |
3.55 |
BRAZILIAN REAL |
5.09 |
PERUVIAN SOL |
3.40 |
COLOMBIAN PESO |
0.0049 |
--
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
42,457,783 |
101,967,712 |
(59,509,929) |
0.59 |
(351,109) |
FEBRUARY |
32,989,353 |
92,593,835 |
(59,604,482) |
0.25 |
(149,011) |
MARCH |
35,394,769 |
93,820,697 |
(58,425,928) |
0.10 |
(58,426) |
APRIL |
33,795,432 |
93,845,126 |
(60,049,694) |
0.13 |
(78,065) |
MAY |
35,118,558 |
93,703,248 |
(58,584,690) |
(0.44) |
257,773 |
JUNE |
35,595,556 |
94,566,926 |
(58,971,370) |
0.16 |
(94,354) |
JULY |
35,511,288 |
95,266,029 |
(59,754,741) |
0.12 |
(71,706) |
AUGUST |
42,091,723 |
101,712,741 |
(59,621,018) |
0.42 |
(250,408) |
SEPTEMBER |
46,269,250 |
106,383,370 |
(60,114,120) |
0.92 |
(553,050) |
OCTOBER |
47,753,627 |
108,986,891 |
(61,233,264) |
0.78 |
(477,619) |
NOVEMBER |
47,996,528 |
107,765,570 |
(59,769,042) |
0.47 |
(280,914) |
DECEMBER |
42,254,684 |
105,503,602 |
(63,248,918) |
0.49 |
(309,920) |
RESTATEMENT |
0 |
0 |
0 |
0.00 |
(39,849) |
CAPITALIZATION |
0 |
0 |
0 |
0.00 |
0 |
FOREIGN CORP. |
0 |
0 |
0 |
0.00 |
(120,805) |
OTHER |
0 |
0 |
0 |
0.00 |
124,171 |
TOTAL |
(2,453,292) |
NOTE:
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: 2006
TELÉFONOS DE MÉXICO, S.A. 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. 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, 2006, the Company has complied with such restrictive covenants. |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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: 2006
TELÉFONOS DE MÉXICO, S.A. 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: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
56,140,123 |
0.0 |
||
LONG DISTANCE SERVICE |
0 |
23,904,503 |
0.0 |
||
INTERCONNECTION |
0 |
17,533,658 |
0.0 |
||
CORPORATE NETWORKS |
0 |
10,650,175 |
0.0 |
||
INTERNET |
0 |
9,570,868 |
0.0 |
||
OTHERS |
0 |
6,893,213 |
0.0 |
||
FOREIGN SALES |
|||||
NET SETTLEMENT |
0 |
3,919,997 |
0 |
||
LOCAL SERVICE |
0 |
4,288,354 |
0 |
||
LONG DISTANCE SERVICE |
0 |
25,614,594 |
0 |
||
INTERCONNECTION |
0 |
830,929 |
0 |
||
CORPORATE NETWORKS |
0 |
12,043,311 |
0 |
||
INTERNET |
0 |
2,724,691 |
0 |
||
OTHERS |
0 |
891,707 |
0 |
||
TOTAL |
175,006,123 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
3,752,669 |
|||
CORPORATE NETWORKS |
0 |
7,416 |
|||
FOREIGN SUBSIDIARIES |
|||||
NET SETTLEMENT |
0 |
167,328 |
|||
LOCAL SERVICE |
0 |
4,288,354 |
|||
LONG DISTANCE SERVICE |
0 |
25,614,594 |
|||
INTERCONNECTION |
0 |
830,929 |
|||
CORPORATE NETWORKS |
0 |
12,035,895 |
|||
INTERNET |
0 |
2,724,691 |
|||
OTHERS |
0 |
891,707 |
|||
TOTAL |
50,313,583 |
||||
NOTES: |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. 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 |
0.01250 |
0 |
445,991,548 |
0 |
0 |
445,991,548 |
5,575 |
0 |
AA |
0.01250 |
0 |
8,114,596,082 |
0 |
8,114,596,082 |
0 |
101,432 |
0 |
L |
0.01250 |
0 |
11,642,530,540 |
0 |
0 |
11,642,530,540 |
145,532 |
0 |
TOTAL |
20,203,118,170 |
0 |
8,114,596,082 |
12,088,522,088 |
252,539 |
0 |
||
TOTAL NUMBER OF SHARES REPRESENTING CAPITAL STOCK ON THE REPORTING DATE OF THE INFORMATION: |
20,203,118,170 |
|||||||
NOTES: |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
ANNEX 13
PROJECT INFORMATION
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
ITEM |
Thousand of Mexican Pesos |
||||
4th . Quarter 06Oct-Dec |
% of Advance |
Amount used 2006 |
Budget 2006 |
% of Advance |
|
DATA |
1,102,266 |
25.7 |
3,333,328 |
4,285,501 |
77.8 |
INTERNAL PLANT |
542,368 |
34.4 |
1,161,001 |
1,576,684 |
73.6 |
OUTSIDE PLANT |
813,940 |
26.6 |
2,721,756 |
3,065,241 |
88.8 |
TRANSMISSION NETWORK |
965,132 |
40.6 |
2,022,987 |
2,378,910 |
85.0 |
SYSTEMS |
311,737 |
30.8 |
457,407 |
1,011,387 |
45.2 |
OTHERS |
1,414,709 |
34.3 |
3,316,251 |
4,121,301 |
80.5 |
TOTAL INVESTMENT TELMEX MEXICO |
5,150,152 |
31.3 |
13,012,730 |
16,439,024 |
79.2 |
LATINOAMERICA |
621,485 |
31.8 |
1,869,054 |
1,951,421 |
95.8 |
EMBRATEL |
2,040,291 |
30.5 |
7,449,774 |
6,680,507 |
111.5 |
TOTAL INVESTMENT |
7,811,928 |
31.2 |
22,331,558 |
25,070,952 |
89.1 |
---
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
ANNEX 14
TRANSACTIONS IN FOREIGN CURRENCY AND EXCHANGE OF FINANCIAL STATEMENTS FROM FOREIGN OPERATIONS
Consolidated
Final printing
---
Basis of translation of financial statements of foreign subsidiaries
The financial statements of the subsidiaries located abroad were translated into Mexican pesos, as follows:
The financial statements as reported by the subsidiaries abroad were adjusted to conform to accounting principles generally accepted in Mexico.
All balance sheet amounts, except for stockholders' equity, were translated at the prevailing exchange rate at the end of the fiscal year; stockholders' equity accounts were translated at the prevailing exchange rate at the time capital contributions were made and earnings were generated. The statement of income amounts were translated at the prevailing exchange rate at the end of the reporting period. The translation into Mexican pesos is carried out after the related balances or transactions have been restated based on the inflation rate of the country in which the subsidiary operates.
Exchange differences and the monetary position effect derived from intercompany monetary items were not eliminated from the consolidated statements of income.
Translation differences are included in the caption Effect of translation of foreign entities and are 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: 2006
TELÉFONOS DE MÉXICO, S.A. 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. 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 |
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 |
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 |
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF CORPORATE INFORMATION DELEGATE SUBDIRECTOR OF FINANCE C.P. EDUARDO ROSENDO GIRARD PARQUE VIA 198 - 5TH. FLOOR OFFICE 501, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 53 95 52 50 80 54 erosendo@telmex.com |
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 |
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 |
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF FINANCIAL INFORMATION DELEGATE SUBDIRECTOR OF FINANCE C.P. EDUARDO ROSENDO GIRARD PARQUE VIA 198 - 5TH. FLOOR OFFICE 501, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 53 95 52 50 80 54 erosendo@telmex.com |
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF MATERIAL FACTS DELEGATE INVESTORS RELATIONS MANAGER ING. RUY ECHAVARRIA AYUSO PARQUE VIA 198 - 7TH. FLOOR OFFICE 701, COL. CUAUHTEMOC 06599 MEXICO, D.F. 57 03 39 90 55 45 55 50 rechavar@telmex.com |
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
INVESTOR INFORMATION RESPONSIBLE INVESTORS RELATIONS MANAGER ING. RUY ECHAVARRIA AYUSO PARQUE VIA 198 - 7TH. FLOOR OFFICE 701, COL. CUAUHTEMOC 06599 MEXICO, D.F. 57 03 39 90 55 45 55 50 ri@telmex.com |
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 |
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
PAYMENT RESPONSIBLE SUBDIRECTOR OF FINANCE C.P. EDUARDO ROSENDO GIRARD PARQUE VIA 198 - 5TH. FLOOR OFFICE 501, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 53 95 52 50 80 54 erosendo@telmex.com |
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 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: 2006
TELÉFONOS DE MÉXICO, S.A. DE C.V.
BOARD OF DIRECTORS
Consolidated
Final printing
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POSITION |
NAME |
|||
CHAIRMAN OF THE BOARD |
ING. |
JAIME |
CHICO |
PARDO |
VICEPRESIDENT |
LIC. |
CARLOS |
SLIM |
DOMIT |
VICEPRESIDENT (INDEPENDENT) |
C.P. |
JUAN ANTONIO |
PEREZ |
SIMON |
HONORARY BOARD MEMBER |
ING. |
CARLOS |
SLIM |
HELU |
BOARD PROPIETORS (INDEPENDENT) |
SR. |
EMILIO |
AZCARRAGA |
JEAN |
BOARD PROPIETORS (INDEPENDENT) |
ING. |
ANTONIO |
COSIO |
ARIÑO |
BOARD PROPIETORS (INDEPENDENT) |
SRA. |
LAURA |
DIEZ BARROSO |
DE LAVIADA |
BOARD PROPIETORS (INDEPENDENT) |
MTRA. |
AMPARO |
ESPINOSA |
RUGARCIA |
BOARD PROPIETORS (INDEPENDENT) |
ING. |
ELMER |
FRANCO |
MACIAS |
BOARD PROPIETORS (INDEPENDENT) |
LIC. |
ANGEL |
LOSADA |
MORENO |
BOARD PROPIETORS (INDEPENDENT) |
SR. |
ROMULO |
O FARRIL JR. |
(deceased in May 2006) |
BOARD PROPIETORS (INDEPENDENT) |
LIC. |
FERNANDO |
SENDEROS |
MESTRE |
BOARD PROPIETORS |
LIC. |
MARCO ANTONIO |
SLIM |
DOMIT |
BOARD PROPIETORS |
SR. |
RAYFORD |
WILKINS JR. |
|
BOARD PROPIETORS |
SR. |
RICHARD |
P. |
RESNICK |
BOARD PROPIETORS |
SR. |
LARRY |
I. |
BOYLE |
BOARD PROPIETORS (INDEPENDENT) |
C.P. |
RAFAEL |
KALACH |
MIZRAHI |
BOARD PROPIETORS (INDEPENDENT) |
LIC. |
RICARDO |
MARTIN |
BRINGAS |
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 |
BOARD ALTERNATES (INDEPENDENT) |
ING. |
AGUSTIN |
FRANCO |
MACIAS |
BOARD ALTERNATES (INDEPENDENT) |
SR. |
JAIME |
ALVERDE |
GOYA |
BOARD ALTERNATES (INDEPENDENT) |
C.P. |
ANTONIO |
DEL VALLE |
RUIZ |
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
JOSE |
KURI |
HARFUSH |
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
FERNANDO |
SOLANA |
MORALES |
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) |
ING. |
BERNARDO |
QUINTANA |
ISAAC |
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 12, 2007. |
TELÉFONOS DE MÉXICO, S.A. DE C.V. By: /s/__________________ Name: Adolfo Cerezo Pérez |
Ref: Teléfonos de México, S.A. de C.V. - Fourth Quarter 2006.