All statements other than statements of historical information provided herein are forward-looking and may contain information about financial results, economic conditions, trends and known uncertainties. This annual report includes forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended (the Securities Act), and Section 21E of the United States Securities Exchange Act of 1934, as amended (the ∾xchange Act). Pursuant to Mexican GAAP, all financial data in the Companys consolidated financial statements as of Decemand Decemand for each of the years in the three years ended Decem(the ∼onsolidated Financial Statements) and the related notes thereto included therein and, unless otherwise indicated, throughout this annual report, have been restated in constant pesos as of December 31, 2003.
The Third Amendment to Bulletin B-10 (the Third Amendment), which has been effective since January 1, 1990, requires that all financial information be presented in constant pesos (having the same purchasing power for each period indicated taking inflation into account) as of the date of the most recent balance sheet presented. These bulletins outline the inflation accounting methodology mandatory for all Mexican companies reporting under Mexican GAAP.
The Mexican Institute of Public Accountants has issued Bulletin B-10, Recognition of the Effects of Inflation on Financial Information (∻ulletin B-10), Bulletin B-12, Statements of Changes in Financial Position (∻ulletin B-12) and Bulletin B-15, ∿oreign Currency Transactions and Translation of Financial Statements of Foreign Subsidiaries (∻ulletin B-15) (See Notes 2.b and 3.a to the Consolidated Financial Statements).
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