Industrias Bachoco S.A.B. de C.V. | CIK:0001044896 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Industrias Bachoco S.A.B. de C.V. (CIK: 0001044896)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1044896/000114420418023204/0001144204-18-023204-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1044896/000114420418023204/bachocob-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001044896
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    • ifrs-full:DisclosureOfIntangibleAssetsExplanatory

    (16)
    Intangible assets
     
    The balances as of December 31, 2017 for $1,040,042 are mainly comprised of brands and customer relationships and derived from the purchase transaction of the Acquired Co. I (note 4). Customer relationships are generally amortized over 15 years based on the pattern of revenue expected to be generated from the use of the asset.
     
    Intangible assets consist of the following:
     
     
     
    2017
     
    2016
     
    2015
     
    Amortizable intangible assets
     
     
     
     
     
     
     
     
     
     
    Customer relationships
     
    $
    1,028,747
     
     
    -
     
     
    -
     
    Accumulated amortization
     
     
    (34,876)
     
     
    -
     
     
    -
     
    Total net amortizable intangible assets
     
     
    993,871
     
     
    -
     
     
    -
     
    Trade names not subject to amortization
     
     
    46,171
     
     
     
     
     
     
     
    Total intangible assets
     
    $
    1,040,042
     
     
    -
     
     
    -