EX-7.2 2 d533850dex72.htm EX-7.2 EX-7.2

Exhibit 7.2

Coca-Cola FEMSA, S.A.B. de C.V. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

Amounts in Millions of Mexican Pesos, Except Ratios

 

     2017     2016      2015  

Earnings available for fixed charges:

        

Income before income taxes and share of the profit of associates and joint ventures accounted

      (7,162 )(1)    Ps. 14,308      Ps. 14,725  

Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes

      60       147        155  

Plus:

        

Interest Expenses

      9,214       7,721        6,630  

Amortization of capitalized interest

      —         16        10  

Less:

        

Capitalized interest

      —         23        60  

Non-controlling interest

      1,148       457        94  
  

 

 

    

 

 

     

 

 

  
     964     21,712      21,366  

Fixed Charges:

        

Interest expense, net

      8,809       7,473        6,337  

Capitalized interest

      —         23        60  

Interest portion of rental expenses

      405       225        233  
  

 

 

    

 

 

     

 

 

  

Total Fixed Charges

      9,214       7,721        6,630  

Ratio of earnings to fixed charges

      0.10       2.81        3.22  

 

 

(1) Reflects an extraordinary loss incurred as a result of the deconsolidation of our Venezuelan operations in the amount of Ps.28,177 million, and an extraordinary net gain as a result of the consolidation of KOF Philippines in the amount of Ps.2,830 million.