Air Temp de México, S.A. de C.V. and Subsidiary
Consolidated Balance Sheets
As of December 31, 2011 and 2010
(Stated in Pesos)
2011
Assets
Current assets:
Cash and cash equivalents
Accounts receivable and recoverable taxes - Note 4
Inventories - Note 5
Due from related parties - Note 12
Prepaid expenses
Total current assets
Prepaid expenses
Property, plant and equipment, net – Note 6
Technological developments – Note 7
Share issuing expenses, net- Note 3 h.
Total
$
$
644,259
79,244,798
93,676,903
8,056,859
3,860,537
185,483,356
4,246,426
217,141,427
20,306,119
-
422,930,902
2010
$
$
320,347
68,419,940
60,775,053
5,716,632
7,424,153
142,656,125
5,241,520
182,753,669
7,491,504
397,622
338,540,440
Liabilities and stockholders’ equity (deficit)
Current liabilities:
Bank debt – Note 8
Interests payable
Suppliers
Due to related parties – Note 12
Income taxes
Employees' statutory profit sharing
Preferred dividends payable
Preferred stock liability – Note 3 h. and 10 b.
Other accounts payable and accrued liabilities
Total current liabilities
$
Long term liabilities:
Bank debt – Note 8
Labor obligations – Note 9 b.
Deferred income tax – Note 14 c.
Deferred employees' statutory profit sharing – Note 9 c.
Total long term liabilities
249,774,611
1,620,985
63,977,453
4,676,165
694,537
3,040,053
-
-
28,837,904
352,621,708
$
142,694,959
578,929
48,991,926
5,337,824
6,353,214
4,489,229
3,743,571
4,580,385
32,008,401
248,778,438
51,704,860 424,412,408
1,522,874
16,785,974
1,776,992
71,790,700
Total liabilities
33,450,697
1,853,411
7,904,438
1,718,204
44,926,750
293,705,188
Commitments and contingencies – Note 15
Stockholders’ equity (deficit) – Note 10
Capital stock
Preferred stock
Preferred dividends
Deficit
Total stock holders’ equity (deficit)
Total
$ 108,467,929 $ 108,467,929
- 56,916,337
(35,910,086) (31,495,187)
(74,039,349) (89,053,827)
(1,481,506) 44,835,252
$ 422,930,902 $ 338,540,440
See accompanying notes to consolidated financial statements.
