Quarterly Financial Information

(1)

Quarterly Financial Information

[105000] Management commentary

... 2

[110000] General information about financial statements

... 19

[210000] Statement of financial position, current/non-current

... 21

[310000] Statement of comprehensive income, profit or loss, by function of expense

... 23

[410000] Statement of comprehensive income, OCI components presented net of tax

... 24

[520000] Statement of cash flows, indirect method

... 26

[610000] Statement of changes in equity - Accumulated Current

... 28

[610000] Statement of changes in equity - Accumulated Previous

... 31

[700000] Informative data about the Statement of financial position

... 34

[700002] Informative data about the Income statement

... 35

[700003] Informative data - Income statement for 12 months

... 36

[800001] Breakdown of credits

... 37

[800003] Annex - Monetary foreign currency position

... 39

[800005] Annex - Distribution of income by product

... 40

[800007] Annex - Financial derivate instruments

... 41

[800100] Notes - Subclassifications of assets, liabilities and equities

... 42

[800200] Notes - Analysis of income and expense

... 46

[800500] Notes - List of notes

... 47

[800600] Notes - List of accounting policies

... 67

(2)

[105000] Management commentary

Management commentary [text block]

TV AZTECA ANNOUNCES NET SALES OF Ps.3,726 MILLION

AND EBITDA OF Ps.1,156 MILLION IN 2Q17

—Bold and innovative content reached the target audience of several advertisers,

generating 12% growth in advertising sales in Mexico in the second quarter of 2017—

—The increase in domestic sales and solid operating efficiency

resulted in a 10% increase in the contribution of the domestic media business—

—The company paid in advance US$60 million of its US$300 million bond,

which further strengthens its capital structure—

Mexico City, July 19, 2017—TV Azteca, S.A.B. de C.V. (BMV: AZTECACPO; Latibex:

XTZA), one of the two largest producers of Spanish-language television programming in the world,

announced today financial results for the second quarter of 2017.

Consolidated second quarter results

(3)

"Bold and innovative formats that reached the audiences our clients seek to achieve

translated into strong advertising sales growth in Mexico during the quarter," said Benjamín Salinas,

CEO of TV Azteca. "Higher revenues, coupled with strict budgetary controls resulted in double-digit

growth in the contribution of the domestic media business to consolidated EBITDA."

"Derived from our solid results, during the month of July we made the advance payment of

US$60 million of the company's US$300 million senior notes, with cash generated by business

operations, which together with the cancellation of US$42.5 million in March, results in a debt

reduction of US$102.5 million throughout this year" said Esteban Galíndez, CFO of TV Azteca. "The

transaction shows a firm commitment to reduce the total amount of debt in dollars and to further

strengthen the capital structure of TV Azteca."

Disclosure of nature of business [text block]

TV Azteca, S.A.B. de C.V. fue adquirida en julio de 1993 por sus accionistas actuales. Las actividades principales de la Compañía y sus subsidiarias incluyen: (i) la transmisión y producción de programas de televisión, (ii) la venta de tiempo de publicidad y (iii) la explotación de una red de fibra óptica en Colombia (hasta diciembre de 2016) y en Perú.

Cuando en estas notas a los estados financieros consolidados se utilizan los términos “la Compañía” o “la Controladora”, ellos se refieren exclusivamente a TV Azteca, S.A.B. de C.V. Cuando se utilizan los términos “la Compañía y subsidiarias” o “el Grupo”, ellos se refieren a TV Azteca, S.A.B. de C.V. y sus Compañías subsidiarias consolidadas.

Las acciones ordinarias de la Compañía (AZTECA.CPO) cotizan en la Bolsa Mexicana de Valores (BMV) y en Latibex, mercado internacional dedicado a las acciones latinoamericanas en Euros, regulado por las leyes vigentes del Mercado de Valores Español. La Compañía es la sociedad tenedora y controladora en última instancia del Grupo. La Compañía es una Sociedad Anónima Bursátil de Capital Variable (S.A.B. de C.V.), con una duración de 99 años a partir de 1993. Sus oficinas principales están ubicadas en Periférico Sur 4121, Colonia Fuentes del Pedregal, C.P. 14141, Ciudad de México.

(4)

Disclosure of management's objectives and its strategies for meeting those

objectives [text block]

TV Azteca es uno de los dos productores más importantes de programación en idioma español en el mundo. TV Azteca considera que su capacidad para proporcionar una mezcla diversa de programación de calidad ha sido, y seguirá siendo, uno de los principales factores para mantener y aumentar la popularidad de su programación. TV Azteca se centra en producir y adquirir programación que atraiga a sus diferentes audiencias objetivo. TV Azteca también considera que el desarrollo de identidades separadas para sus canales le ha ayudado a captar una parte importante de la audiencia televisiva mexicana y ha ofrecido a sus anunciantes la oportunidad de ajustar sus anuncios a grupos demográficos específicos.

Con el fin de mantener la alta calidad de su programación, TV Azteca reúne grupos de enfoque y realiza encuestas para evaluar la popularidad esperada de nuevas ideas de programación. TV Azteca utiliza también parte de su tiempo de publicidad no vendido para promocionar de manera agresiva tanto su programación producida internamente como su programación comprada con el fin de crear y mantener el interés de los televidentes.

La compañía construyó con éxito y opera la red de fibra óptica más grande de América Latina, en Colombia. TV Azteca brinda servicios de telecomunicaciones de clase mundial, que impulsan de manera efectiva el bienestar de la población y la productividad en los negocios.

Disclosure of entity's most significant resources, risks and relationships [text block]

Factores de Riesgo

A continuación se establecen ciertos riesgos asociados con TV Azteca e inversiones en los valores de TV Azteca. Los riesgos e incertidumbre, descritos a continuación no son los únicos que enfrenta la compañía y representan algunos de los riesgos que la administración de TV Azteca considera como relevantes. Algunos de los riesgos de invertir en los valores de TV Azteca son riesgos generales asociados con la realización de operaciones en México, mientras que otros riesgos son relacionados con las operaciones de la compañía. La explicación que se encuentra más adelante, respecto a los riesgos generales asociados con la realización de operaciones en México, contiene información acerca del Gobierno Mexicano y la economía mexicana obtenida de publicaciones oficiales del Gobierno Mexicano. TV Azteca no ha verificado esta información. Cualquiera de los siguientes riesgos, si tienen lugar, podrían afectar de manera importante y adversa las operaciones, situación financiera o resultados de operación de TV Azteca. Si ello sucediera, el precio de operación de los valores de TV Azteca podría disminuir y los inversionistas de TV Azteca podrían perder toda o parte de su inversión.

(5)

Riesgos Relacionados con las Operaciones de TV Azteca

-TV Azteca se encuentra endeudada y las obligaciones por su endeudamiento y pago de su deuda podrían afectar

adversamente sus operaciones.

-La temporalidad de las operaciones de la compañía afecta los ingresos de ésta y en caso de que los ingresos del cuarto

trimestre sean bajos, podrían tener un impacto negativo en los resultados de operación de TV Azteca.

-Si la compañía pierde uno o más de sus anunciantes clave, puede perder una cantidad importante de sus ingresos. -Los costos de la compañía para producir y adquirir programación pueden incrementarse.

-TV Azteca puede experimentar dificultades de liquidez.

-La compañía puede carecer de la capacidad suficiente para pagar deudas exigibles por cambio de control.

Riesgos Relacionados con la Realización de Operaciones en México

-Si el Peso se devalúa aún más en el futuro respecto al Dólar, será más difícil para TV Azteca pagar su deuda y otras

obligaciones.

-Las fluctuaciones en las tasas de interés y la inflación pueden afectar adversamente las operaciones de TV Azteca. -La situación política en México puede afectar de manera negativa los resultados de operación de TV Azteca.

Riesgos Relacionados con la Industria de los Medios de Comunicación en México

-Un aumento en la popularidad de medios de comunicación alternos a la Televisión Abierta puede afectar adversamente

las operaciones de TV Azteca.

-Las fusiones en diversos sectores económicos pueden dar como resultado un mercado publicitario más concentrado. -Los costos de producción de contenido pueden aumentar cuando el talento artístico emigra a los Estados Unidos.

Riesgos Relacionados con Litigios

-De manera periódica, los litigios que involucran a TV Azteca han dado como resultado, y en el futuro pueden dar como

resultado, el gasto de recursos financieros importantes y atención de la administración a la resolución de dichas controversias.

Disclosure of results of operations and prospects [text block]

(6)

TV AZTECA ANNOUNCES NET SALES OF Ps.3,726 MILLION

AND EBITDA OF Ps.1,156 MILLION IN 2Q17

—Bold and innovative content reached the target audience of several advertisers,

generating 12% growth in advertising sales in Mexico in the second quarter of 2017—

—The increase in domestic sales and solid operating efficiency

resulted in a 10% increase in the contribution of the domestic media business—

—The company paid in advance US$60 million of its US$300 million bond,

which further strengthens its capital structure—

Mexico City, July 19, 2017—TV Azteca, S.A.B. de C.V. (BMV: AZTECACPO; Latibex:

XTZA), one of the two largest producers of Spanish-language television programming in the world,

announced today financial results for the second quarter of 2017.

(7)

Consolidated second quarter results

"Bold and innovative formats that reached the audiences our clients seek to achieve

translated into strong advertising sales growth in Mexico during the quarter," said Benjamín Salinas,

CEO of TV Azteca. "Higher revenues, coupled with strict budgetary controls resulted in double-digit

growth in the contribution of the domestic media business to consolidated EBITDA."

"Derived from our solid results, during the month of July we made the advance payment of

US$60 million of the company's US$300 million senior notes, with cash generated by business

operations, which together with the cancellation of US$42.5 million in March, results in a debt

reduction of US$102.5 million throughout this year" said Esteban Galíndez, CFO of TV Azteca. "The

transaction shows a firm commitment to reduce the total amount of debt in dollars and to further

strengthen the capital structure of TV Azteca."

Net sales for the quarter were Ps.3,726 million, 9% higher than the Ps.3,411 million for the

same quarter of last year. Total costs and expenses were Ps.2,570 million, compared to Ps.2,279

million for the same period last year.

As a result, TV Azteca reported EBITDA of Ps.1,156 million, 2% higher than Ps.1,133 million

from last year; EBITDA margin for the quarter was 31%. Operating profit was of Ps.897 million, 9%

higher than the Ps.823 million of previous year.

The company registered a net profit of Ps.58 million, compared to a net loss of Ps.522 million

for the same quarter of 2016.

2Q 2016

2Q 2017

Change

Ps.

%

Net sales

$3,411

$3,726

$314

9%

EBITDA

Operating profit

$1,133

$823

$1,156

$897

$23

$74

2%

9%

Net result

$(522)

$58

$580

----

(8)

Net result per CPO

$(0.17)

$0.02

$0.19

----

Figures in millions of pesos.

EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization.

The number of CPOs outstanding as of June 30, 2016 was 2,987 million and as of June 30, 2017 was 2,986 million.

Results by business segment

Domestic operations

Domestic advertising sales grew 12% to Ps.3,200 million, from Ps.2,864 million a year ago,

as a result of the generation of cutting-edge formats that captivated large audiences within the full

day.

Production, programming and transmission costs in Mexico were Ps.1,678 million, 14%

higher than the Ps.1,475 million a year ago, congruent with superior content production efforts,

which led to increased revenues.

Contribution generated by operations of the media business in Mexico was Ps.1,522 million,

10% higher than the Ps.1,389 million of the previous year.

Azteca America

In addition, the company registered sales from Azteca America ? the company’s

wholly-owned broadcast television network focused on the U.S. Hispanic market ? of Ps.329 million this

quarter, 17% higher than the Ps.282 million a year ago, in the framework of increasingly successful

programming.

Azteca America's costs were Ps.395 million, compared to Ps.309 million a year ago. The

increase is largely related to strengthening geographic coverage.

The contribution of Azteca America was a negative Ps.66 million, compared to a negative

figure of Ps.27 million a year ago.

TV Azteca Guatemala and Honduras

Revenue from TV Azteca Guatemala and TV Azteca Honduras was Ps.15 million, in contrast

to Ps.14 million the previous year. Costs were Ps.27 million, compared to Ps.29 million for the

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previous year. Contribution was a negative Ps.12 million, compared to a negative figure of Ps.15

million of the previous year.

Exports

Content sales to other countries were Ps.94 million in the period, from Ps.30 million in the

previous year; revenue for the quarter resulted, in a great extent, from the commercialization of the

shows Lo Que Callamos las Mujeres in Latin America, and Los Rey in Europe and Africa, as well as

the sale of TV Azteca content to pay TV channels in the rest of the world.

Exported content does not have associated costs, thus exports revenue is equal to its

contribution.

Azteca Comunicaciones Perú

Azteca Comunicaciones Perú had revenue of Ps.88 million, from Ps.221 million a year ago.

The decrease is the result of reimbursements by the Peruvian government for the construction and

maintenance of the National Dorsal Fiber Optic Network in the prior year that are not present this

period. The construction was completed in 2016, thus revenues this quarter correspond only to

telecommunications services and reimbursements by the Peruvian government for maintenance

and operation of the network.

The company registered costs of Ps.144 million in the quarter, compared to Ps.115 million a

year ago. The increase largely reflects the cost of maintaining the network, which was not fully

present the previous year when the network was under construction.

The contribution of Azteca Comunicaciones Perú was a negative Ps.56 million, compared to

a positive Ps.106 million a year ago.

Consolidated SG&A expenses

The company's total selling and administrative expenses were Ps.326 million, 7% less than

the Ps.351 million a year earlier, as a result of lower service and travel expenses this quarter.

Consolidated EBITDA and net result

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Consolidated EBITDA of the company was Ps.1,156 million, 2% higher than the Ps.1,133

million for the same period of the prior year. Operating profit was Ps.897 million, 9% higher than the

Ps.823 million a year ago.

The most significant variations below EBITDA were the following:

Reduction of Ps.84 million in other expenses, as a result of lower legal fees and donations

this quarter.

A loss of Ps.38 million in equity in income from affiliates, compared to income of Ps.3 million

a year ago, derived from the recognition in this period of the 40% stake of TV Azteca in the results

of Azteca Comunicaciones Colombia.

A decrease of Ps.28 million in interest payments due to the effect of exchange rate

appreciation on the peso equivalent of the company's debt, which is denominated in US dollars, and

lower dollar debt at the end of this quarter, due to the cancellation of bonds for US$42.5 million in

the month of March.

Reduction of Ps.18 million in other financial expenses due to lower payment of sureties. The

Peruvian government requested guarantees from the company a year ago while the fiber optic

network was under construction.

Foreign exchange gains of Ps.352 million this period, as a consequence of appreciation of

the peso versus the dollar this quarter, compared to exchange loss of Ps.511 million, due to

depreciation in the same period of the previous year.

Decrease of Ps.39 million in tax provision as a result of tax charge associated with Azteca

Comunicaciones Perú in the previous year, which is not present this period.

A charge of Ps.595 million in the impairment of assets as a result of the deterioration in the

value of the spectrum of Azteca America stations. As was previously announced, stations related

with Azteca America in Los Angeles and San Francisco, were winners in a spectrum auction

designed by the US Federal Communications Commission, and Azteca America expects to receive

US$156 million this year from the sale. Due to this fact, the value of the spectrum of such stations

was adjusted to that amount this quarter.

A reduction of Ps.194 million in discontinued operations, as a result of the recognition of the

loss generated by the operations of Azteca Comunicaciones Colombia a year ago.

TV Azteca registered net income of Ps.58 million for the quarter, compared to a net loss of

Ps.522 million for the same period a year ago.

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Debt

As of June 30, 2017, TV Azteca’s outstanding debt ? excluding Ps.1,657 million debt due in

2069 ? was Ps.13,577 million.

The cash and cash equivalents balance at the end of the quarter totaled Ps.3,024 million,

10% higher than the Ps.2,755 million a year ago. As a result, net debt of the company as of June

30, 2017, excluding debt due in 2069, was Ps.10,553 million.

Prepayment of US$60 million of debt

As previously announced, on July 14, the company paid in advance US$60 million of its

US$300 million senior notes, with a coupon of 7.5% and due in 2018, at a call price of 100%. The

prepayment was made with cash generated by company operations.

The transaction is added to the cancellation for US$42.5 million, of the same senior notes,

carried out in March, with which TV Azteca accumulates a debt reduction of US$102.5 million so far

this year.

The operation reflects the solid financial performance of TV Azteca and the firm commitment

to reduce the effect of exchange rate volatility on its financial statements, and to strengthen the

company's capital structure

Six months results

Net sales for the first six months of 2017 were Ps.7,017 million, 14% higher than the Ps.6,129

million for the same period of 2016. Total costs and expenses were Ps.5,416 million, from Ps.4,463

million for the same period of the previous year. The main costs mainly relate to the WGC Mexico

Championship golf tournament that was organized by the company during the 1Q17.

TV Azteca reported EBITDA of Ps.1,601 million, 4% less than the Ps.1,665 million for the first

half a year ago. EBITDA margin for the six-month period was 23%. Operating profit decreased 4%

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to Ps.1,056 million. The company recorded net income of Ps.462 million, compared to a net loss of

Ps.1,075 million for the same period of 2016.

6M 2016

6M 2017

Change

Ps.

%

Net sales

$6,129

$7,017

$889

14%

EBITDA

Operating profit

$1,665

$1,095

$1,601

$1,056

$(64)

$(36)

-4%

Net result

$(1,075)

$462

$1,538

----

Net result per CPO

$(0.36)

$0.15

$0.51

----

Company Profile

TV Azteca is one of the two largest producers of Spanish-language television programming in the world, operating three national television networks in Mexico, Azteca Trece, Azteca 7 and Proyecto 40, through more than 300 owned and operated stations across the country. TV Azteca affiliates include Azteca America, a broadcast television network focused on the rapidly growing U.S. Hispanic market, and Azteca Web, an Internet company for North American Spanish speakers.

TV Azteca is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include TV Azteca (www.tvazteca.com; www.irtvazteca.com), Azteca America (us.azteca.com), Grupo Elektra (www.elektra.com.mx: www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Totalplay (www.totalplay.com.mx) and Enlace TP (enlacetp.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Other risks that may affect TV Azteca and its subsidiaries are identified in documents sent to securities authorities.

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Investor Relations:

Bruno Rangel

Grupo Salinas

Tel. +52 (55) 1720-9167

[email protected]

Rolando Villarreal

TV Azteca, S.A.B. de C.V.

Tel. +52 (55) 1720-9167

[email protected]

Press Relations

Luciano Pascoe

Grupo Salinas

Tel. +52 (55) 1720-1313 ext. 36553

[email protected]

Daniel McCosh

Grupo Salinas

Tel. +52 (55) 1720-0059

[email protected]

Financial position, liquidity and capital resources [text block]

As of June 30, 2017, TV Azteca’s outstanding debt ? excluding Ps.1,657 million debt due in 2069 ? was

Ps.13,577 million.

The cash and cash equivalents balance at the end of the quarter totaled Ps.3,024 million, 10% higher than the

Ps.2,755 million a year ago. As a result, net debt of the company as of June 30, 2017, excluding debt due in 2069, was

Ps.10,553 million.

(14)

Prepayment of US$60 million of debt

As previously announced, on July 14, the company paid in advance US$60 million of its US$300 million senior

notes, with a coupon of 7.5% and due in 2018, at a call price of 100%. The prepayment was made with cash generated

by company operations.

The transaction is added to the cancellation for US$42.5 million, of the same senior notes, carried out in

March, with which TV Azteca accumulates a debt reduction of US$102.5 million so far this year.

The operation reflects the solid financial performance of TV Azteca and the firm commitment to reduce the

effect of exchange rate volatility on its financial statements, and to strengthen the company's capital structure.

Internal control [text block]

Disclosure of critical performance measures and indicators that management uses to

evaluate entity's performance against stated objectives [text block]

Net sales for the quarter were Ps.3,726 million, 9% higher than the Ps.3,411 million for the same quarter of

last year. Total costs and expenses were Ps.2,570 million, compared to Ps.2,279 million for the same period last year.

As a result, TV Azteca reported EBITDA of Ps.1,156 million, 2% higher than Ps.1,133 million from last year;

EBITDA margin for the quarter was 31%. Operating profit was of Ps.897 million, 9% higher than the Ps.823 million of

previous year.

(15)

The company registered a net profit of Ps.58 million, compared to a net loss of Ps.522 million for the same

quarter of 2016.

2Q 2016

2Q 2017

Change

Ps.

%

Net sales

$3,411

$3,726

$314

9%

EBITDA

Operating profit

$1,133

$823

$1,156

$897

$23

$74

2%

9%

Net result

$(522)

$58

$580

Net result per CPO

$(0.17)

$0.02

$0.19

Results by business segment

Domestic operations

Domestic advertising sales grew 12% to Ps.3,200 million, from Ps.2,864 million a year ago, as a result of the

generation of cutting-edge formats that captivated large audiences within the full day.

Production, programming and transmission costs in Mexico were Ps.1,678 million, 14% higher than the

Ps.1,475 million a year ago, congruent with superior content production efforts, which led to increased revenues.

Contribution generated by operations of the media business in Mexico was Ps.1,522 million, 10% higher than

the Ps.1,389 million of the previous year.

(16)

In addition, the company registered sales from Azteca America ? the company’s wholly-owned broadcast

television network focused on the U.S. Hispanic market ? of Ps.329 million this quarter, 17% higher than the Ps.282

million a year ago, in the framework of increasingly successful programming.

Azteca America's costs were Ps.395 million, compared to Ps.309 million a year ago. The increase is largely

related to strengthening geographic coverage.

The contribution of Azteca America was a negative Ps.66 million, compared to a negative figure of Ps.27

million a year ago.

TV Azteca Guatemala and Honduras

Revenue from TV Azteca Guatemala and TV Azteca Honduras was Ps.15 million, in contrast to Ps.14 million the

previous year. Costs were Ps.27 million, compared to Ps.29 million for the previous year. Contribution was a negative

Ps.12 million, compared to a negative figure of Ps.15 million of the previous year.

Exports

Content sales to other countries were Ps.94 million in the period, from Ps.30 million in the previous year;

revenue for the quarter resulted, in a great extent, from the commercialization of the shows Lo Que Callamos las

Mujeres in Latin America, and Los Rey in Europe and Africa, as well as the sale of TV Azteca content to pay TV channels

in the rest of the world.

Exported content does not have associated costs, thus exports revenue is equal to its contribution.

Azteca Comunicaciones Perú

Azteca Comunicaciones Perú had revenue of Ps.88 million, from Ps.221 million a year ago. The decrease is the

result of reimbursements by the Peruvian government for the construction and maintenance of the National Dorsal

Fiber Optic Network in the prior year that are not present this period. The construction was completed in 2016, thus

revenues this quarter correspond only to telecommunications services and reimbursements by the Peruvian

government for maintenance and operation of the network.

The company registered costs of Ps.144 million in the quarter, compared to Ps.115 million a year ago. The

increase largely reflects the cost of maintaining the network, which was not fully present the previous year when the

network was under construction.

The contribution of Azteca Comunicaciones Perú was a negative Ps.56 million, compared to a positive Ps.106

million a year ago.

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Consolidated SG&A expenses

The company's total selling and administrative expenses were Ps.326 million, 7% less than the Ps.351 million a

year earlier, as a result of lower service and travel expenses this quarter.

Consolidated EBITDA and net result

Consolidated EBITDA of the company was Ps.1,156 million, 2% higher than the Ps.1,133 million for the same

period of the prior year. Operating profit was Ps.897 million, 9% higher than the Ps.823 million a year ago.

The most significant variations below EBITDA were the following:

Reduction of Ps.84 million in other expenses, as a result of lower legal fees and donations this quarter.

A loss of Ps.38 million in equity in income from affiliates, compared to income of Ps.3 million a year ago,

derived from the recognition in this period of the 40% stake of TV Azteca in the results of Azteca Comunicaciones

Colombia.

A decrease of Ps.28 million in interest payments due to the effect of exchange rate appreciation on the peso

equivalent of the company's debt, which is denominated in US dollars, and lower dollar debt at the end of this quarter,

due to the cancellation of bonds for US$42.5 million in the month of March.

Reduction of Ps.18 million in other financial expenses due to lower payment of sureties. The Peruvian

government requested guarantees from the company a year ago while the fiber optic network was under

construction.

Foreign exchange gains of Ps.352 million this period, as a consequence of appreciation of the peso versus the

dollar this quarter, compared to exchange loss of Ps.511 million, due to depreciation in the same period of the

previous year.

Decrease of Ps.39 million in tax provision as a result of tax charge associated with Azteca Comunicaciones Perú

in the previous year, which is not present this period.

A charge of Ps.595 million in the impairment of assets as a result of the deterioration in the value of the

spectrum of Azteca America stations. As was previously announced, stations related with Azteca America in Los

Angeles and San Francisco, were winners in a spectrum auction designed by the US Federal Communications

Commission, and Azteca America expects to receive US$156 million this year from the sale. Due to this fact, the value

of the spectrum of such stations was adjusted to that amount this quarter.

(18)

A reduction of Ps.194 million in discontinued operations, as a result of the recognition of the loss generated by

the operations of Azteca Comunicaciones Colombia a year ago.

TV Azteca registered net income of Ps.58 million for the quarter, compared to a net loss of Ps.522 million for the same period a year ago.

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[110000] General information about financial statements

Ticker: AZTECA

Period covered by financial statements: 2017-01-01 al 2017-06-30

Date of end of reporting period: 2017-06-30

Name of reporting entity or other means of identification:

TV AZTECA SAB DE CV

Description of presentation currency: MXN

Level of rounding used in financial statements: MILES DE PESOS

Consolidated: Yes

Number of quarter: 2

Type of issuer: ICS

Explanation of change in name of reporting entity or other means of identification from end of preceding reporting period:

Description of nature of financial statements:

Disclosure of general information about financial statements [text block]

Follow-up of analysis [text block]

TV Azteca, S.A.B. de C.V., informa que de acuerdo a lo establecido por el reglamento interior de la BM en el artículo 4.033.01 fracción. VIII en materia de requisitos de mantenimiento, las casas de bolsa /institución de crédito que dan cobertura de análisis a nuestros valores son Bank of America, Merrill Lynch, Grupo Bursátil Mexicano, S.A. de C.V. "GBM", Actinver Casa de Bolsa, Banorte Ixe, Vector Casa de Bolsa, Monex Grupo Financiero y Signum Research debido a los requisitos del sistema de información de la bolsa mexicana de valores para la revelación de la cobertura de análisis mencionada anteriormente.

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[210000] Statement of financial position, current/non-current

Concept Close Current

Quarter 2017-06-30

Close Previous Exercise 2016-12-31 Statement of financial position [abstract]

Assets [abstract] Current assets [abstract]

Cash and cash equivalents 3,024,538,000 4,470,314,000

Trade and other current receivables 12,298,546,000 7,903,589,000

Current tax assets, current 0 0

Other current financial assets 755,529,000 1,005,345,000

Current inventories 2,809,033,000 2,412,895,000

Current biological assets 0 0

Other current non-financial assets 0 0

Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners

18,887,646,000 15,792,143,000

Non-current assets or disposal groups classified as held for sale or as held for distribution to owners 0 0

Total current assets 18,887,646,000 15,792,143,000

Non-current assets [abstract]

Trade and other non-current receivables 507,680,000 0

Current tax assets, non-current 0 0

Non-current inventories 0 0

Non-current biological assets 0 0

Other non-current financial assets 0 0

Investments accounted for using equity method 0 0

Investments in subsidiaries, joint ventures and associates 348,461,000 332,180,000

Property, plant and equipment 3,856,229,000 4,111,107,000

Investment property 0 0

Goodwill 15,922,000 15,922,000

Intangible assets other than goodwill 6,912,391,000 10,974,045,000

Deferred tax assets 1,546,117,000 1,825,118,000

Other non-current non-financial assets 3,709,918,000 4,513,618,000

Total non-current assets 16,896,718,000 21,771,990,000

Total assets 35,784,364,000 37,564,133,000

Equity and liabilities [abstract] Liabilities [abstract]

Current liabilities [abstract]

Trade and other current payables 8,863,767,000 8,057,451,000

Current tax liabilities, current 600,184,000 379,731,000

Other current financial liabilities 4,636,975,000 0

Other current non-financial liabilities 3,414,326,000 3,336,093,000

Current provisions [abstract]

Current provisions for employee benefits 0 0

Other current provisions 0 0

Total current provisions 0 0

Total current liabilities other than liabilities included in disposal groups classified as held for sale 17,515,252,000 11,773,275,000 Liabilities included in disposal groups classified as held for sale 0 0

Total current liabilities 17,515,252,000 11,773,275,000

Non-current liabilities [abstract]

Trade and other non-current payables 1,287,699,000 1,075,505,000

Current tax liabilities, non-current 0 0

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Concept Close Current Quarter 2017-06-30 Close Previous Exercise 2016-12-31

Other non-current non-financial liabilities 0 0

Non-current provisions [abstract]

Non-current provisions for employee benefits 188,035,000 188,035,000

Other non-current provisions 0 0

Total non-current provisions 188,035,000 188,035,000

Deferred tax liabilities 310,935,000 601,622,000

Total non-current liabilities 12,383,795,000 20,126,487,000

Total liabilities 29,899,047,000 31,899,762,000 Equity [abstract] Issued capital 715,925,000 715,229,000 Share premium 207,419,000 207,419,000 Treasury shares 0 0 Retained earnings 5,369,941,000 4,919,130,000 Other reserves (421,849,000) (201,976,000)

Total equity attributable to owners of parent 5,871,436,000 5,639,802,000

Non-controlling interests 13,881,000 24,569,000

Total equity 5,885,317,000 5,664,371,000

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[310000] Statement of comprehensive income, profit or loss, by function of

expense

Concept Accumulated Current Year 01-01 - 2017-06-30 Accumulated Previous Year 01-01 - 2016-06-30 Quarter Current Year 04-01 - 2017-06-30 Quarter Previous Year 04-01 - 2016-06-30 Profit or loss [abstract]

Profit (loss) [abstract]

Revenue 7,017,303,000 6,128,711,000 3,725,789,000 3,411,461,000 Cost of sales 5,120,444,000 4,085,124,000 2,423,327,000 2,073,112,000 Gross profit 1,896,859,000 2,043,587,000 1,302,462,000 1,338,349,000 Distribution costs 0 0 0 0 Administrative expenses 704,984,000 723,496,000 351,718,000 377,642,000 Other income 0 0 0 0 Other expense 730,715,000 224,818,000 648,885,000 138,143,000

Profit (loss) from operating activities 461,160,000 1,095,273,000 301,859,000 822,564,000

Finance income 1,335,723,000 41,942,000 373,178,000 18,135,000

Finance costs 717,871,000 1,239,464,000 333,191,000 889,670,000

Share of profit (loss) of associates and joint ventures accounted for using equity method

(90,387,000) 6,599,000 (38,401,000) 2,787,000

Profit (loss) before tax 988,625,000 (95,650,000) 303,445,000 (46,184,000) Tax income (expense) 537,108,000 622,037,000 249,886,000 288,699,000 Profit (loss) from continuing operations 451,517,000 (717,687,000) 53,559,000 (334,883,000) Profit (loss) from discontinued operations 0 (370,923,000) 0 (193,621,000)

Profit (loss) 451,517,000 (1,088,610,000) 53,559,000 (528,504,000)

Profit (loss), attributable to [abstract]

Profit (loss), attributable to owners of parent 462,205,000 (1,075,472,000) 57,998,000 (521,956,000) Profit (loss), attributable to non-controlling interests (10,688,000) (13,138,000) (4,439,000) (6,548,000)

Earnings per share [text block] -0.20 -0.27 -0.20 -0.27

Earnings per share [abstract] Earnings per share [line items] Basic earnings per share [abstract]

Basic earnings (loss) per share from continuing operations (0.2) (0.27) (0.2) (0.27) Basic earnings (loss) per share from discontinued operations 0 0 0 0

Total basic earnings (loss) per share (0.2) (0.27) (0.2) (0.27)

Diluted earnings per share [abstract]

Diluted earnings (loss) per share from continuing operations (0.15) (0.23) (0.15) (0.23) Diluted earnings (loss) per share from discontinued operations 0 0 0 0 Total diluted earnings (loss) per share (0.15) (0.23) (0.15) (0.23)

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[410000] Statement of comprehensive income, OCI components presented net

of tax

Concept Accumulated Current Year 01-01 - 2017-06-30 Accumulated Previous Year 01-01 - 2016-06-30 Quarter Current Year 04-01 - 2017-06-30 Quarter Previous Year 04-01 - 2016-06-30 Statement of comprehensive income [abstract]

Profit (loss) 451,517,000 (1,088,610,000) 53,559,000 (528,504,000)

Other comprehensive income [abstract]

Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]

Other comprehensive income, net of tax, gains (losses) from investments in equity instruments

0 0 0 0

Other comprehensive income, net of tax, gains (losses) on revaluation

0 0 0 0

Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans

0 0 0 0

Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability

0 0 0 0

Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge investments in equity instruments

0 0 0 0

Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax

0 0 0 0

Total other comprehensive income that will not be reclassified to profit or loss, net of tax

0 0 0 0

Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract] Exchange differences on translation [abstract]

Gains (losses) on exchange differences on translation, net of tax (680,850,000) 318,746,000 (201,547,000) 448,665,000 Reclassification adjustments on exchange differences on

translation, net of tax

0 0 0 0

Other comprehensive income, net of tax, exchange differences on translation

(680,850,000) 318,746,000 (201,547,000) 448,665,000

Available-for-sale financial assets [abstract]

Gains (losses) on remeasuring available-for-sale financial assets, net of tax

460,977,000 (637,350,000) 191,958,000 (396,656,000)

Reclassification adjustments on available-for-sale financial assets, net of tax

0 0 0 0

Other comprehensive income, net of tax, available-for-sale financial assets

460,977,000 (637,350,000) 191,958,000 (396,656,000)

Cash flow hedges [abstract]

Gains (losses) on cash flow hedges, net of tax 0 0 0 0

Reclassification adjustments on cash flow hedges, net of tax 0 0 0 0 Amounts removed from equity and included in carrying amount of

non-financial asset (liability) whose acquisition or incurrence was hedged highly probable forecast transaction, net of tax

0 0 0 0

Other comprehensive income, net of tax, cash flow hedges 0 0 0 0

Hedges of net investment in foreign operations [abstract]

Gains (losses) on hedges of net investments in foreign operations, net of tax

0 0 0 0

Reclassification adjustments on hedges of net investments in foreign operations, net of tax

0 0 0 0

Other comprehensive income, net of tax, hedges of net investments in foreign operations

0 0 0 0

Change in value of time value of options [abstract]

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Concept Accumulated Current Year 01-01 - 2017-06-30 Accumulated Previous Year 01-01 - 2016-06-30 Quarter Current Year 04-01 - 2017-06-30 Quarter Previous Year 04-01 - 2016-06-30 tax

Reclassification adjustments on change in value of time value of options, net of tax

0 0 0 0

Other comprehensive income, net of tax, change in value of time value of options

0 0 0 0

Change in value of forward elements of forward contracts [abstract]

Gains (losses) on change in value of forward elements of forward contracts, net of tax

0 0 0 0

Reclassification adjustments on change in value of forward elements of forward contracts, net of tax

0 0 0 0

Other comprehensive income, net of tax, change in value of forward elements of forward contracts

0 0 0 0

Change in value of foreign currency basis spreads [abstract]

Gains (losses) on change in value of foreign currency basis spreads, net of tax

0 0 0 0

Reclassification adjustments on change in value of foreign currency basis spreads, net of tax

0 0 0 0

Other comprehensive income, net of tax, change in value of foreign currency basis spreads

0 0 0 0

Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax

0 0 0 0

Total other comprehensive income that will be reclassified to profit or loss, net of tax

(219,873,000) (318,604,000) (9,589,000) 52,009,000

Total other comprehensive income (219,873,000) (318,604,000) (9,589,000) 52,009,000 Total comprehensive income 231,644,000 (1,407,214,000) 43,970,000 (476,495,000)

Comprehensive income attributable to [abstract]

Comprehensive income, attributable to owners of parent 242,332,000 (1,394,076,000) 48,409,000 (469,947,000) Comprehensive income, attributable to non-controlling interests (10,688,000) (13,138,000) (4,439,000) (6,548,000)

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[520000] Statement of cash flows, indirect method

Concept Accumulated Current Year 01-01 - 2017-06-30 Accumulated Previous Year 01-01 - 2016-06-30 Statement of cash flows [abstract]

Cash flows from (used in) operating activities [abstract]

Profit (loss) 451,517,000 (1,088,610,000)

Adjustments to reconcile profit (loss) [abstract]

Discontinued operations 0 0

Adjustments for income tax expense 537,108,000 622,037,000

Adjustments for finance costs 697,036,000 688,605,000

Adjustments for depreciation and amortisation expense 409,616,000 415,744,000 Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss 594,628,000 0

Adjustments for provisions 0 0

Adjustments for unrealised foreign exchange losses (gains) (2,437,125,000) 410,572,000

Adjustments for share-based payments 0 0

Adjustments for fair value losses (gains) 0 0

Adjustments for undistributed profits of associates 0 0

Adjustments for losses (gains) on disposal of non-current assets 0 0

Participation in associates and joint ventures 90,387,000 (6,599,000) Adjustments for decrease (increase) in inventories (264,527,000) 31,879,000 Adjustments for decrease (increase) in trade accounts receivable (1,486,824,000) (2,939,172,000) Adjustments for decrease (increase) in other operating receivables 2,228,000 573,000 Adjustments for increase (decrease) in trade accounts payable 1,686,865,000 1,440,879,000 Adjustments for increase (decrease) in other operating payables 290,546,000 1,797,329,000

Other adjustments for non-cash items (8,849,000) 12,673,000

Other adjustments for which cash effects are investing or financing cash flow 0 0

Straight-line rent adjustment 0 0

Amortization of lease fees 0 0

Setting property values 0 0

Other adjustments to reconcile profit (loss) 0 0

Total adjustments to reconcile profit (loss) 111,089,000 2,474,520,000

Net cash flows from (used in) operations 562,606,000 1,385,910,000

Dividends paid 0 0

Dividends received 0 0

Interest paid 0 0

Interest received 0 0

Income taxes refund (paid) 290,687,000 492,974,000

Other inflows (outflows) of cash 0 0

Net cash flows from (used in) operating activities 271,919,000 892,936,000

Cash flows from (used in) investing activities [abstract]

Cash flows from losing control of subsidiaries or other businesses 0 0 Cash flows used in obtaining control of subsidiaries or other businesses 0 0 Other cash receipts from sales of equity or debt instruments of other entities 0 0 Other cash payments to acquire equity or debt instruments of other entities 0 0

Other cash receipts from sales of interests in joint ventures 0 0

Other cash payments to acquire interests in joint ventures 0 0

Proceeds from sales of property, plant and equipment 28,429,000 18,148,000

Purchase of property, plant and equipment 202,781,000 223,624,000

Proceeds from sales of intangible assets 0 0

Purchase of intangible assets 0 172,832,000

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Concept Accumulated Current Year 01-01 - 2017-06-30 Accumulated Previous Year 01-01 - 2016-06-30

Purchase of other long-term assets 0 0

Proceeds from government grants 0 0

Cash advances and loans made to other parties 0 0

Cash receipts from repayment of advances and loans made to other parties 0 0 Cash payments for future contracts, forward contracts, option contracts and swap contracts 0 0 Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0 0

Dividends received 0 0

Interest paid 0 0

Interest received 0 0

Income taxes refund (paid) 0 0

Other inflows (outflows) of cash 0 (1,703,000)

Net cash flows from (used in) investing activities (174,352,000) (380,011,000)

Cash flows from (used in) financing activities [abstract]

Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control 0 0 Payments from changes in ownership interests in subsidiaries that do not result in loss of control 0 0

Proceeds from issuing shares 0 0

Proceeds from issuing other equity instruments 0 0

Payments to acquire or redeem entity's shares 0 0

Payments of other equity instruments 0 0

Proceeds from borrowings 0 0

Repayments of borrowings 832,053,000 0

Payments of finance lease liabilities 0 0

Proceeds from government grants 0 0

Dividends paid 17,422,000 17,306,000

Interest paid 695,523,000 684,535,000

Income taxes refund (paid) 0 0

Other inflows (outflows) of cash 1,655,000 5,340,000

Net cash flows from (used in) financing activities (1,543,343,000) (696,501,000) Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,445,776,000) (183,576,000)

Effect of exchange rate changes on cash and cash equivalents [abstract]

Effect of exchange rate changes on cash and cash equivalents 0 0

Net increase (decrease) in cash and cash equivalents (1,445,776,000) (183,576,000) Cash and cash equivalents at beginning of period 4,470,314,000 2,938,417,000 Cash and cash equivalents at end of period 3,024,538,000 2,754,841,000

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[610000] Statement of changes in equity - Accumulated Current

Components of equity [axis]

Sheet 1 of 3 Issued capital [member] Share premium

[member] Treasury shares [member] Retained earnings [member] Revaluation surplus [member] Reserve of exchange differences on translation [member]

Reserve of cash flow hedges [member]

Reserve of gains and losses on hedging instruments that hedge

investments in equity instruments [member] Reserve of change in value of time value of options [member]

Statement of changes in equity [line items]

Equity at beginning of period 715,229,000 207,419,000 0 4,919,130,000 0 1,843,067,000 0 0 0

Changes in equity [abstract] Comprehensive income [abstract]

Profit (loss) 0 0 0 462,205,000 0 0 0 0 0

Other comprehensive income 0 0 0 0 0 (680,850,000) 0 0 0

Total comprehensive income 0 0 0 462,205,000 0 (680,850,000) 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 17,422,000 0 0 0 0 0

Increase through other contributions by owners, equity 0 0 0 0 0 0 0 0 0

Decrease through other distributions to owners, equity 0 0 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 0 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 696,000 0 0 6,028,000 0 0 0 0 0

Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity

0 0 0 0 0 0 0 0 0

Increase (decrease) through share-based payment transactions, equity 0 0 0 0 0 0 0 0 0

Amount removed from reserve of cash flow hedges and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Amount removed from reserve of change in value of time value of options and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Amount removed from reserve of change in value of forward elements of forward contracts and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Amount removed from reserve of change in value of foreign currency basis spreads and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied

0 0 0 0 0 0 0 0 0

Total increase (decrease) in equity 696,000 0 0 450,811,000 0 (680,850,000) 0 0 0

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Sheet 2 of 3 Reserve of change in

value of forward elements of forward contracts [member]

Reserve of change in value of foreign currency basis spreads

[member]

Reserve of gains and losses on remeasuring available-for-sale financial assets [member] Reserve of share-based payments [member] Reserve of remeasurements of defined benefit plans

[member] Amount recognised in other comprehensive income and accumulated in equity relating to non-current assets or disposal groups held for sale

[member]

Reserve of gains and losses from investments in equity instruments [member]

Reserve of change in fair value of financial liability attributable to change in credit risk of liability [member]

Reserve for catastrophe [member]

Equity at beginning of period 0 0 (2,045,043,000) 0 0 0 0 0 0

Profit (loss) 0 0 0 0 0 0 0 0 0

Other comprehensive income 0 0 460,977,000 0 0 0 0 0 0

Total comprehensive income 0 0 460,977,000 0 0 0 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 0 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

Total increase (decrease) in equity 0 0 460,977,000 0 0 0 0 0 0

(30)

Sheet 3 of 3 Reserve for

equalisation [member] Reserve of discretionary participation features [member] Other comprehensive income [member] Other reserves [member] Equity attributable to owners of parent [member] Non-controlling interests [member] Equity [member]

Equity at beginning of period 0 0 0 (201,976,000) 5,639,802,000 24,569,000 5,664,371,000

Profit (loss) 0 0 0 0 462,205,000 (10,688,000) 451,517,000

Other comprehensive income 0 0 0 (219,873,000) (219,873,000) 0 (219,873,000)

Total comprehensive income 0 0 0 (219,873,000) 242,332,000 (10,688,000) 231,644,000

Issue of equity 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 0 17,422,000 0 17,422,000

Increase through other contributions by owners, equity 0 0 0 0 0 0 0

Decrease through other distributions to owners, equity 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 0 0 0 0 6,724,000 0 6,724,000

0 0 0 0 0 0 0

Increase (decrease) through share-based payment transactions, equity 0 0 0 0 0 0 0

0 0 0 0 0 0 0

Total increase (decrease) in equity 0 0 0 (219,873,000) 231,634,000 (10,688,000) 220,946,000

(31)

[610000] Statement of changes in equity - Accumulated Previous

Sheet 1 of 3 Issued capital [member] Share premium

[member] Treasury shares [member] Retained earnings [member] Revaluation surplus [member] Reserve of exchange differences on translation [member]

Reserve of cash flow hedges [member]

Reserve of gains and losses on hedging instruments that hedge

investments in equity instruments [member] Reserve of change in value of time value of options [member]

Equity at beginning of period 716,436,000 207,419,000 0 9,171,061,000 0 621,567,000 0 0 0

Profit (loss) 0 0 0 (1,075,472,000) 0 0 0 0 0

Other comprehensive income 0 0 0 0 0 318,746,000 0 0 0

Total comprehensive income 0 0 0 (1,075,472,000) 0 318,746,000 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 17,306,000 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 0 (642,760,000) 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 621,000 0 0 4,711,000 0 0 0 0 0

0 0 0 0 0 0 0 0 0

Total increase (decrease) in equity 621,000 0 0 (1,730,827,000) 0 318,746,000 0 0 0

(32)

Sheet 2 of 3 Reserve of change in

value of forward elements of forward contracts [member]

Reserve of change in value of foreign currency basis spreads

[member]

Reserve of gains and losses on remeasuring available-for-sale financial assets [member] Reserve of share-based payments [member] Reserve of remeasurements of defined benefit plans

[member] Amount recognised in other comprehensive income and accumulated in equity relating to non-current assets or disposal groups held for sale

[member]

Reserve of gains and losses from investments in equity instruments [member]

Reserve of change in fair value of financial liability attributable to change in credit risk of liability [member]

Reserve for catastrophe [member]

Equity at beginning of period 0 0 (2,242,220,000) 0 0 0 0 0 0

Profit (loss) 0 0 0 0 0 0 0 0 0

Other comprehensive income 0 0 (637,350,000) 0 0 0 0 0 0

Total comprehensive income 0 0 (637,350,000) 0 0 0 0 0 0

Issue of equity 0 0 0 0 0 0 0 0 0

Dividends recognised as distributions to owners 0 0 0 0 0 0 0 0 0

Increase (decrease) through other changes, equity 0 0 642,760,000 0 0 0 0 0 0

Increase (decrease) through treasury share transactions, equity 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

Total increase (decrease) in equity 0 0 5,410,000 0 0 0 0 0 0