Deferred Income Tax Related to:
| Consolidated Statement of Financial Position as of |
Consolidated Statement of Income |
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| December 31, 2017 |
December 31, 2016 |
2017 | 2016 | 2015 | ||||||||||||||||
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Allowance for doubtful accounts |
Ps. | (152 | ) | Ps. | (172 | ) | Ps. | 16 | Ps. | (17 | ) | Ps. | 93 | |||||||
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Inventories |
(151 | ) | (112 | ) | (1 | ) | (151 | ) | (14 | ) | ||||||||||
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Other current assets |
101 | 64 | 34 | (80 | ) | 21 | ||||||||||||||
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Property, plant and equipment, net (3) |
(2,733 | ) | (471 | ) | (2,537 | ) | 670 | (314 | ) | |||||||||||
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Investments in associates and joint ventures |
(6,989 | ) | (1,227 | ) | (5,094 | ) | 75 | 684 | ||||||||||||
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Other assets |
254 | 257 | (155 | ) | 234 | (52 | ) | |||||||||||||
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Finite useful lived intangible assets |
894 | 201 | 207 | (1,506 | ) | 201 | ||||||||||||||
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Indefinite lived intangible assets |
9,957 | 9,376 | 968 | 7,391 | 84 | |||||||||||||||
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Post-employment and other long-term employee benefits |
(965 | ) | (692 | ) | (217 | ) | (34 | ) | 86 | |||||||||||
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Derivative financial instruments |
84 | 255 | (171 | ) | 128 | 165 | ||||||||||||||
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Provisions |
(3,500 | ) | (2,956 | ) | (557 | ) | (411 | ) | (8 | ) | ||||||||||
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Temporary non-deductible provision |
(222 | ) | (3,450 | ) | (144 | ) | (9,118 | ) | 735 | |||||||||||
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Employee profit sharing payable |
(351 | ) | (340 | ) | (11 | ) | (29 | ) | (43 | ) | ||||||||||
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Tax loss carryforwards |
(10,218 | ) | (8,889 | ) | (823 | ) | (1,693 | ) | (2,789 | ) | ||||||||||
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Tax credits to recover (2) |
(2,308 | ) | (1,150 | ) | (705 | ) | (1,150 | ) | — | |||||||||||
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Accumulated other comprehensive income(1) |
239 | 537 | (224 | ) | — | — | ||||||||||||||
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Exchange differences on translation of foreign operations in OCI |
7,168 | 7,694 | — | — | — | |||||||||||||||
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Other liabilities |
(828 | ) | 59 | 1,220 | 102 | (113 | ) | |||||||||||||
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Deferred tax income |
Ps. | (8,194 | ) | Ps. | (5,589 | ) | Ps. | (1,264 | ) | |||||||||||
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Deferred tax income net recorded in share of the profit of associates and joint ventures accounted for using the equity method |
(24 | ) | (71 | ) | (683 | ) | ||||||||||||||
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Deferred tax income, net |
Ps. | (8,218 | ) | Ps. | (5,660 | ) | Ps. | (1,947 | ) | |||||||||||
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Deferred income taxes, net |
(9,720 | ) | (1,016 | ) | ||||||||||||||||
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Deferred tax asset |
(15,853 | ) | (12,053 | ) | ||||||||||||||||
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Deferred tax liability |
Ps. | 6,133 | Ps. | 11,037 | ||||||||||||||||
| (1) | Deferred tax related to derivative financial instruments and remeasurements of the net defined benefit liability. |
| (2) | Correspond to income tax credits arising from dividends received from foreign subsidiaries to be recovered within the next ten years accordingly to the Mexican Income Tax law as well as effects of the exchange of foreign currencies with a related and non-related parties. |
| (3) | As a result of the change in the application of the law, the Company recognized a deferred tax liability in Venezuela for an amount of Ps. 1,107 with their corresponding impact on the income tax of the year as disclosed in the effective tax rate reconciliation. |