Consolidated Statements of
Changes in Equity

For the Year Ended 31 December 2016 and the Period from 5 January to 31 December 2015
(Amounts in thousands of Mexican pesos) (Note 15)

          Retained earnings Other comprehensive income        
    Share
CAPITAL		   Other
components of
equity		   Legal
reserve		   Unapplied
income		   TOTAL   Effect
of labor
obligations		   Foreign
currency
translation
reserve		   Revaluation
surplus		   Comprehensive
income		   TOTAL
equity
Spin-off balances as at 5 January 2016 (Note 1) Ps. 35,000 Ps. (16,228,640) Ps. - Ps. - Ps. - Ps. - Ps. - Ps. - Ps. - Ps. (16,193,640)
Revaluation surplus, net of taxes   -   -   -   -   -   -   -   23,857,152   23,857,152   23,857,152
Allocation effect of surplus, net of taxes   -   -   -   1,411,023   1,411,023   -   -   (1,411,023)   (1,411,023)   -
Net income of the period   -   -   -   67,184   67,184   -   -   -   67,184   67,184
Comprehensive income for the period   -   -   -   -   -   -   -   - Ps. 22,513,313    
Balance as at 31 December 2015   35,000   (16,228,640)   -   1,478,207   1,476,207   -   -   22,446,129       7,730,696
Creation of legal reserve   -   -   3,359   (3,359)   -   -   -   -   -   -
Foreign currency translation effect   -   -   -   -   -   -   702   -   702   702
Retirement benefits, net of taxes   -   -   -   -   -   (86)   -   -   (86)   (86)
Revaluation surplus, net of taxes   -   -   -   -   -   -   -   2,899,890   2,899,890   2,899,890
Allocation effect of surplus, net of taxes   -   -   -   1,484,347   1,484,347   -   -   (1,484,347)   (1,484,347)    
Net loss of the year   -   -   -   (951,179)   (951,179)   -   -   -   (951,179)   (951,179)
Comprehensive income for the year   -   -   -   -   -   -   -   - Ps. 464,980    
Balance as at 31 December 2016 Ps. 35,000 Ps. (16,228,640) Ps. 3,359 Ps. 2,008,016 Ps. 2,011,375 Ps. (86) Ps. 702 Ps. 23,861,672     Ps. 9,680,023

The accompanying notes are an integral part of these financial statements.