Key words
“Accounts receivable” Credit sales with an outstanding balance.
“Adjusted EBITDA” Operating profit plus interest on bank deposits. It is not a financial performance metric under IFRS and shall not be considered as a proxy measure for Net Income, or any operating performance, cash flow and liquidity item.
“Banco Famsa” Banco Ahorro Famsa, S.A., Institucion de Banca Multiple, subsidiary of Grupo Famsa engaged in the offering of banking services.
“Business units” Each and every commercial facility and store of Grupo Famsa.
“BMV” Means the Bolsa Mexicana de Valores, S.A.B. de C.V., the Mexican Stock Exchange.
“Cash Sales” Refers to sales in which full payment for merchandise is received up front.
“Circular Unica” Refers to the Disposiciones de Caracter General Aplicables a las Emisoras de Valores y Otros Participantes del mercado de valores, the General provisions applicable to securities issuers and other participants in the securities market issued by the CNBV.
“CNBV” Means the Comision Nacional Bancaria y de Valores, the Mexican National Banking and Securities Commission.
“Control Group” The Garza Valdez family, directly or indirectly, through a control master trust.
“Credit sales” Refers to sales carried out under the Company’s credit sales program.
“Credit sales program” Refers to the financing option offered to Grupo Famsa’s customers, where payment for the products may be made in installments. Such payments can be made in weekly, biweekly or monthly basis for a period ranging from three to 24 months, depending on the customer’s preference and payment capacity.
“Dollars” “EUA$” o “US$” Legal currency in the United States.
“EBITDA” Acronym for Earnings Before Interests, Taxes, Depreciation and Amortization. It is not a financial performance metric under IFRS and shall not be considered as a proxy measure for Net Income or any operating performance, cash flow and liquidity item.
“Expormuebles” Expormuebles, S.A. de C.V., a subsidiary of Grupo Famsa engaged in the manufacture, sale and distribution of furniture and related products.
“Garza Valdez Family” Humberto Garza Gonzalez, Graciela Valdez Sanchez de Garza and Humberto, Hernan Javier, Graciela Laura and Oziel Mario, all of them by the name of Garza Valdez.
“Famsa Mexico” Famsa Mexico, S.A. de C.V., a subsidiary of Grupo Famsa responsible for the operation and management of the Company’s retail, car loans and consumer financing businesses in Mexico.
“Famsa USA o Famsa Inc.” A subsidiary of Grupo Famsa responsible for the operation and management of the Company’s retail business in the United States.
“GDP” Means Gross Domestic Product.
“IFRS” International Financial Reporting Standards.
“IMPI” Refers to the Instituto Mexicano de la Propiedad Industrial, the Mexican Institute of Industrial Property.
“INDEVAL” Refers to the S.D. Indeval, S.A. de C.V., Institucion para el Deposito de Valores, the Central Securities Depository for the Mexican Securities Market.
“INEGI” Refers to the Instituto Nacional de Estadistica Geografia e Informatica, the Mexican National Institute of Statistics and Geography.
“INPC” Refers to the Indice Nacional de Precios al Consumidor, the Mexican National Consumer Price Index.
“Issuer”, “The Company”, "Firm", “Grupo Famsa” or “Famsa” Refers to Grupo Famsa, S.A.B. de C.V.
“KPMG” Refers to KPMG Cardenas Dosal, S.C.
“LIC” Refers to the Ley de Instituciones de Credito, the Law for Credit Institutions in Mexico.
“LMV” Refers to the Ley del Mercado de Valores, the Mexican Stock Market Law.
“Mexico” Refers to the United Mexican States.
“NAFTA” Means North American Free Trade Agreement.
“Pesos”, “Ps” or “$” Legal currency in Mexico.
“PwC” PricewaterhouseCoopers, S.C.
“RNV” Refers to the Registro Nacional de Valores, the Mexican National Securities Registry.
“Same-store Sales” Refers to the Registro Nacional de Valores, the Mexican National Securities Registry.
“SHCP” Refers to the Secretaria de Hacienda y Credito Publico, the Secretariat of Finance and Public Credit.
“STORIS™” Means Strategic Retail Information System, a cutting-edge system used by Grupo Famsa for supply chain management that provides valuable information on purchase orders and inventory levels in real time for our business and suppliers.
“Total store area” Means the aggregate surface area of all Grupo Famsa’s operating retail stores in Mexico and the United States.
“United States”, “USA” or “EUA” Refers to the United States of America.
“USMCA” Refers to the United States-Mexico-Canada Agreement
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