Note 11. Property, Plant and Equipment, Net
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Cost |
Land | Buildings | Machinery and Equipment |
Refrigeration Equipment |
Returnable Bottles |
Investments in Fixed Assets in Progress |
Leasehold Improvements |
Other | Total | |||||||||||||||||||||||||||
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Cost as of January 1, 2015 |
Ps. | 7,211 | Ps. | 15,791 | Ps. | 50,519 | Ps. | 12,466 | Ps. | 9,402 | Ps. | 7,872 | Ps. | 12,250 | Ps. | 1,075 | Ps. | 116,586 | ||||||||||||||||||
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Additions |
675 | 1,688 | 5,122 | 851 | 1,655 | 6,942 | 41 | 511 | 17,485 | |||||||||||||||||||||||||||
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Additions from business acquisitions |
30 | 251 | 870 | — | — | — | 862 | — | 2,013 | |||||||||||||||||||||||||||
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Transfer of completed projects in progress |
59 | 1,289 | 3,251 | 1,168 | 662 | (8,143 | ) | 1,714 | — | — | ||||||||||||||||||||||||||
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Transfer (to)/from assets classified as held for sale |
— | — | (10 | ) | — | — | — | — | — | (10 | ) | |||||||||||||||||||||||||
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Disposals |
(56 | ) | (219 | ) | (2,694 | ) | (972 | ) | (103 | ) | — | (356 | ) | (40 | ) | (4,440 | ) | |||||||||||||||||||
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Effects of changes in foreign exchange rates |
(595 | ) | (1,352 | ) | (4,330 | ) | (1,216 | ) | (266 | ) | (1,004 | ) | (23 | ) | (848 | ) | (9,634 | ) | ||||||||||||||||||
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Changes in value on the recognition of inflation effects |
245 | 503 | 957 | 295 | 301 | 91 | — | 229 | 2,621 | |||||||||||||||||||||||||||
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Capitalization of borrowing costs |
— | — | — | — | — | 57 | — | — | 57 | |||||||||||||||||||||||||||
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Cost as of December 31, 2015 |
Ps. | 7,569 | Ps. | 17,951 | Ps. | 53,685 | Ps. | 12,592 | Ps. | 11,651 | Ps. | 5,815 | Ps. | 14,488 | Ps. | 927 | Ps. | 124,678 | ||||||||||||||||||
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Cost |
Land | Buildings | Machinery and Equipment |
Refrigeration Equipment |
Returnable Bottles |
Investments in Fixed Assets in Progress |
Leasehold Improvements |
Other | Total | |||||||||||||||||||||||||||
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Cost as of January 1, 2016 |
Ps. 7,569 | Ps. 17,951 | Ps. 53,685 | Ps. 12,592 | Ps. 11,651 | Ps. 5,815 | Ps. 14,488 | Ps. 927 | Ps. 124,678 | |||||||||||||||||||||||||||
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Additions |
328 | 877 | 6,499 | 73 | 2,236 | 8,667 | 36 | 367 | 19,083 | |||||||||||||||||||||||||||
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Additions from business acquisitions |
163 | 763 | 1,521 | 105 | 23 | 45 | 668 | — | 3,288 | |||||||||||||||||||||||||||
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Changes in fair value of past acquisitions |
50 | — | 85 | — | — | — | 115 | — | 250 | |||||||||||||||||||||||||||
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Transfer of completed projects in progress |
46 | 1,039 | 2,445 | 1,978 | 779 | (8,493 | ) | 2,206 | — | — | ||||||||||||||||||||||||||
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Transfer (to)/from assets classified as held for sale |
— | — | (36 | ) | — | — | — | — | — | (36 | ) | |||||||||||||||||||||||||
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Disposals |
(88 | ) | (202 | ) | (2,461 | ) | (574 | ) | (139 | ) | (2 | ) | (474 | ) | (19 | ) | (3,959 | ) | ||||||||||||||||||
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Effects of changes in foreign exchange rates |
260 | 2,643 | 5,858 | 1,953 | 1,271 | 569 | 329 | (132 | ) | 12,751 | ||||||||||||||||||||||||||
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Changes in value on the recognition of inflation effects |
854 | 1,470 | 2,710 | 851 | 122 | 415 | — | 942 | 7,364 | |||||||||||||||||||||||||||
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Capitalization of borrowing costs |
— | — | 61 | — | — | (38 | ) | — | 1 | 24 | ||||||||||||||||||||||||||
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Cost as of December 31, 2016 |
Ps. 9,182 | Ps. 24,541 | Ps. 70,367 | Ps. 16,978 | Ps. 15,943 | Ps. 6,978 | Ps. 17,368 | Ps. 2,086 | Ps. 163,443 | |||||||||||||||||||||||||||
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Cost |
Land | Buildings | Machinery and Equipment |
Refrigeration Equipment |
Returnable Bottles |
Investments in Fixed Assets in Progress |
Leasehold Improvements |
Other | Total | |||||||||||||||||||||||||||
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Cost as of January 1, 2017 |
Ps. 9,182 | Ps. 24,541 | Ps. 70,367 | Ps. 16,978 | Ps. 15,943 | Ps. 6,978 | Ps. 17,368 | Ps. 2,086 | Ps. 163,443 | |||||||||||||||||||||||||||
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Additions |
465 | 1,474 | 6,150 | 389 | 3,201 | 8,878 | 57 | 224 | 20,838 | |||||||||||||||||||||||||||
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Additions from business acquisitions |
5,115 | 1,634 | 5,988 | 482 | 3,324 | 821 | 145 | — | 17,509 | |||||||||||||||||||||||||||
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Changes in fair value of past acquisitions |
— | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
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Transfer of completed projects in progress |
6 | 676 | 3,073 | 1,967 | 558 | (8,572 | ) | 2,295 | (3 | ) | — | |||||||||||||||||||||||||
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Transfer (to)/from assets classified as held for sale |
— | — | (42 | ) | — | — | — | — | (58 | ) | (100 | ) | ||||||||||||||||||||||||
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Disposals |
(144 | ) | (588 | ) | (3,147 | ) | (800 | ) | (193 | ) | — | (352 | ) | (12 | ) | (5,236 | ) | |||||||||||||||||||
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Effects of changes in foreign exchange rates |
(1,018 | ) | (1,964 | ) | (2,817 | ) | (1,523 | ) | (1,216 | ) | (720 | ) | 153 | (1,201 | ) | (10,306 | ) | |||||||||||||||||||
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Changes in value on the recognition of inflation effects |
527 | 1,016 | 2,030 | 689 | (2 | ) | 226 | — | 638 | 5,124 | ||||||||||||||||||||||||||
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Venezuela deconsolidation effect(see Note 3.3) |
(544 | ) | (817 | ) | (1,300 | ) | (717 | ) | (83 | ) | (221 | ) | — | (646 | ) | (4,328 | ) | |||||||||||||||||||
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Cost as of December 31, 2017 |
Ps. 13,589 | Ps. 25,972 | Ps. 80,302 | Ps. 17,465 | Ps. 21,532 | Ps. 7,390 | Ps. 19,666 | Ps. 1,028 | Ps. 186,944 | |||||||||||||||||||||||||||
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Accumulated Depreciation |
Land | Buildings | Machinery and Equipment |
Refrigeration Equipment |
Returnable Bottles |
Investments in Fixed Assets in Progress |
Leasehold Improvements |
Other | Total | |||||||||||||||||||||||||||
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Accumulated Depreciation as of January 1, 2015 |
Ps. | — | Ps. | (3,726 | ) | Ps. | (21,382 | ) | Ps. | (6,644 | ) | Ps. | (5,205 | ) | Ps. | — | Ps. | (3,614 | ) | Ps. | (386 | ) | Ps. | (40,957 | ) | |||||||||||
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Depreciation for the year |
— | (515 | ) | (4,864 | ) | (1,184 | ) | (1,984 | ) | — | (1,071 | ) | (143 | ) | (9,761 | ) | ||||||||||||||||||||
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Disposals |
— | 172 | 2,001 | 946 | 80 | — | 270 | 2 | 3,471 | |||||||||||||||||||||||||||
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Effects of changes in foreign exchange rates |
— | 498 | 2,222 | 1,044 | 167 | — | 22 | 212 | 4,165 | |||||||||||||||||||||||||||
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Changes in value on the recognition of inflation effects |
— | (187 | ) | (426 | ) | (166 | ) | (436 | ) | — | 1 | (86 | ) | (1,300 | ) | |||||||||||||||||||||
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Accumulated Depreciation as of December 31, 2015 |
Ps. | — | Ps. | (3,758 | ) | Ps. | (22,449 | ) | Ps. | (6,004 | ) | Ps. | (7,378 | ) | Ps. | — | Ps. | (4,392 | ) | Ps. | (401 | ) | Ps. | (44,382 | ) | |||||||||||
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Accumulated Depreciation |
Land | Buildings | Machinery and Equipment |
Refrigeration Equipment |
Returnable Bottles |
Investments in Fixed Assets in Progress |
Leasehold Improvements |
Other | Total | |||||||||||||||||||||||||||
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Accumulated Depreciation as of January 1, 2016 |
Ps. | — | Ps. | (3,758 | ) | Ps. | (22,449 | ) | Ps. | (6,004 | ) | Ps. | (7,378 | ) | Ps. | — | Ps. | (4,392 | ) | Ps. | (401 | ) | Ps. | (44,382 | ) | |||||||||||
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Depreciation for the year |
— | (734 | ) | (5,737 | ) | (1,723 | ) | (2,235 | ) | — | (1,447 | ) | (200 | ) | (12,076 | ) | ||||||||||||||||||||
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Transfer to/(from) assets classified as held for sale |
— | — | 16 | — | — | — | — | — | 16 | |||||||||||||||||||||||||||
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Disposals |
— | 132 | 2,101 | 672 | 227 | — | 364 | 9 | 3,505 | |||||||||||||||||||||||||||
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Effects of changes in foreign exchange rates |
— | (600 | ) | (3,093 | ) | (1,147 | ) | (847 | ) | — | (81 | ) | 39 | (5,729 | ) | |||||||||||||||||||||
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Changes in value on the recognition of inflation effects |
— | (593 | ) | (1,101 | ) | (521 | ) | (33 | ) | — | — | (306 | ) | (2,554 | ) | |||||||||||||||||||||
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Accumulated Depreciation as of December 31, 2016 |
Ps. | — | Ps. | (5,553 | ) | Ps. | (30,263 | ) | Ps. | (8,723 | ) | Ps. | (10,266 | ) | Ps. | — | Ps. | (5,556 | ) | Ps. | (859 | ) | Ps. | (61,220 | ) | |||||||||||
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Accumulated Depreciation |
Land | Buildings | Machinery and Equipment |
Refrigeration Equipment |
Returnable Bottles |
Investments in Fixed Assets in Progress |
Leasehold Improvements |
Other | Total | |||||||||||||||||||||||||||
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Accumulated Depreciation as of January 1, 2017 |
Ps. | — | Ps. | (5,553 | ) | Ps. | (30,263 | ) | Ps. | (8,723 | ) | Ps. | (10,266 | ) | Ps. | — | Ps. | (5,556 | ) | Ps. | (859 | ) | Ps. | (61,220 | ) | |||||||||||
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Depreciation for the year |
— | (887 | ) | (6,928 | ) | (2,186 | ) | (3,365 | ) | — | (1,562 | ) | (685 | ) | (15,613 | ) | ||||||||||||||||||||
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Transfer to/(from) assets classified as held for sale |
— | 44 | 7 | — | — | — | — | 51 | ||||||||||||||||||||||||||||
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Disposals |
— | 40 | 3,125 | 683 | 103 | — | 300 | 5 | 4,256 | |||||||||||||||||||||||||||
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Effects of changes in foreign exchange rates |
— | 518 | 437 | 1,157 | 93 | — | (138 | ) | 940 | 3,007 | ||||||||||||||||||||||||||
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Venezuela deconsoldiation effect |
— | 481 | 1,186 | 626 | 56 | — | — | 335 | 2,684 | |||||||||||||||||||||||||||
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Venezuela impairment |
— | (257 | ) | (841 | ) | — | — | — | — | — | (1,098 | ) | ||||||||||||||||||||||||
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Changes in value on the recognition of inflation effects |
— | (437 | ) | (1,031 | ) | (553 | ) | (44 | ) | — | — | (234 | ) | (2,299 | ) | |||||||||||||||||||||
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Accumulated Depreciation as of December 31, 2017 |
Ps. | — | Ps. | (6,051 | ) | Ps. | (34,308 | ) | Ps. | (8,996 | ) | Ps. | (13,423 | ) | Ps. | — | Ps. | (6,956 | ) | Ps. | (498 | ) | Ps. | (70,232 | ) | |||||||||||
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Carrying Amount |
Land | Buildings | Machinery and Equipment |
Refrigeration Equipment |
Returnable Bottles |
Investments in Fixed Assets in Progress |
Leasehold Improvements |
Other | Total | |||||||||||||||||||||||||||
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As of December 31, 2015 |
Ps. | 7,569 | Ps. | 14,193 | Ps. | 31,236 | Ps. | 6,588 | Ps. | 4,273 | Ps. | 5,815 | Ps. | 10,096 | Ps. | 526 | Ps. | 80,296 | ||||||||||||||||||
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As of December 31, 2016 |
Ps. | 9,182 | Ps. | 18,988 | Ps. | 40,104 | Ps. | 8,255 | Ps. | 5,677 | Ps. | 6,978 | Ps. | 11,812 | Ps. | 1,227 | Ps. | 102,223 | ||||||||||||||||||
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As of December 31, 2017 |
Ps. | 13,589 | Ps. | 19,921 | Ps. | 45,994 | Ps. | 8,469 | Ps. | 8,109 | Ps. | 7,390 | Ps. | 12,710 | Ps. | 530 | Ps. | 116,712 | ||||||||||||||||||
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During the years ended December 31, 2016 and 2015 the Company capitalized Ps. 61 and Ps. 57, respectively of borrowing costs in relation to Ps. 99 and Ps. 993 in qualifying assets. The effective interest rates used to determine the amount of borrowing costs eligible for capitalization were 4.5% and 4.1%, respectively. For the year ended December 31, 2017, the Company did not recognize any capitalization of borrowing costs.
For the years ended December 31, 2017, 2016 and 2015 interest expense, interest income and net foreign exchange losses and gains are analyzed as follows:
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Interest expense, interest income and net foreign exchange |
Ps. | 4,602 | Ps. | 7,285 | Ps. | 8,031 | ||||||
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Amount capitalized (1) |
— | 69 | 85 | |||||||||
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Net amount in consolidated income statements |
Ps. | 4,602 | Ps. | 7,216 | Ps. | 7,946 | ||||||
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(1) Amount of interest capitalized in property, plant and equipment and intangible assets.
Commitments related to acquisitions of property, plant and equipment are disclosed in Note 25.8