MEXICAN ECONOMIC DEVELOPMENT INC | CIK:0001061736 | 3

  • Filed: 4/24/2018
  • Entity registrant name: MEXICAN ECONOMIC DEVELOPMENT INC (CIK: 0001061736)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1061736/000119312518129003/0001193125-18-129003-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1061736/000119312518129003/fmx-20171231.xml
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  • ifrs-full:DisclosureOfInventoriesExplanatory

    Note 8. Inventories

     

         December 31,
    2017
         December 31,
    2016
     

    Finished products

       Ps.  25,374      Ps.  22,709  

    Raw materials

         5,194        5,156  

    Spare parts

         2,102        2,401  

    Work in process

         198        144  

    Inventories in transit

         1,437        1,188  

    Other

         535        334  
      

     

     

        

     

     

     
       Ps. 34,840      Ps. 31,932  
      

     

     

        

     

     

     

    For the years ended at 2017, 2016 and 2015, the Company recognized write-downs of its inventories for Ps. 308, Ps. 1,832 and Ps. 1,290 to net realizable value, respectively.

     

    For the years ended at 2017, 2016 and 2015, changes in inventories are comprised as follows and included in the consolidated income statement under the cost of goods sold caption:

     


              2017     2016     2015  

    Changes in inventories of finished goods and work in progress

        Ps.  196,547     Ps.  172,554     Ps.  132,835  

    Raw materials and consumables used

          85,568       63,285       53,514  
       

     

     

       

     

     

       

     

     

     

    Total

        Ps. 282,115     Ps. 235,839     Ps. 186,349