Balances due from related parties are considered to be recoverable. Accordingly, for the years ended December 31, 2017 and 2016, there was no expense resulting from the uncollectibility of balances due from related parties.
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Transactions |
2017 | 2016 | 2015 | |||||||||
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Income: |
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Services to Heineken Group (1) |
Ps. | 3,570 | Ps. | 3,153 | Ps. | 3,396 | ||||||
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Logistic services to Grupo Industrial Saltillo, S.A. de C.V. (3) |
457 | 427 | 407 | |||||||||
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Logistic services to Jugos del Valle (1) |
587 | 555 | 564 | |||||||||
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Other revenues from related parties |
620 | 857 | 644 | |||||||||
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Expenses: |
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Purchase of concentrate from The Coca-Cola Company (2) |
Ps. | 33,898 | Ps. | 38,146 | Ps. | 27,330 | ||||||
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Purchases of raw material and beer from Heineken Group (1) |
24,942 | 16,436 | 14,467 | |||||||||
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Purchase of coffee from Caffenio (1) |
2,397 | 2,064 | 1,774 | |||||||||
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Purchase of baked goods and snacks from Grupo Bimbo, S.A.B. de C.V. (3) |
4,802 | 4,184 | 3,740 | |||||||||
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Advertisement expense paid to The Coca-Cola Company (2) (4) |
1,392 | 2,354 | 1,316 | |||||||||
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Purchase of juices from Jugos del Valle, S.A.P.I. de C.V. (1) |
3,905 | 3,310 | 3,082 | |||||||||
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Purchase of sugar from Promotora Industrial Azucarera, S.A. de C.V. (1) |
1,885 | 1,765 | 1,236 | |||||||||
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Interest expense and fees paid to BBVA Bancomer, S.A. de C.V. (3) |
40 | 26 | 68 | |||||||||
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Purchase of sugar from Beta San Miguel (3) |
1,827 | 1,349 | 1,264 | |||||||||
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Purchase of sugar, cans and aluminum lids from Promotora Mexicana de Embotelladores, S.A. de C.V. (3) |
839 | 759 | 587 | |||||||||
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Purchase of canned products from IEQSA (1) |
804 | 798 | 731 | |||||||||
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Purchase of inventories to Leao Alimentos e Bebidas, L.T.D.A. (1) |
4,010 | 3,448 | 3,359 | |||||||||
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Advertising paid to Grupo Televisa, S.A.B. (3) |
107 | 193 | 175 | |||||||||
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Insurance premiums for policies with Grupo Nacional Provincial, S.A.B. (3) |
32 | 63 | 58 | |||||||||
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Donations to Fundación FEMSA, A.C. (3) |
23 | 62 | 30 | |||||||||
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Donations to Difusión y Fomento Cultural, A.C. (3) |
44 | 49 | 59 | |||||||||
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Interest expense paid to The Coca-Cola Company (2) |
— | — | 1 | |||||||||
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Other expenses with related parties |
751 | 618 | 470 | |||||||||
| (1) | Associates. |
| (2) | Non controlling interest. |
| (3) | Members of the board of directors in FEMSA participate in board of directors of this entity. |
| (4) | Net of the contributions from The Coca-Cola Company of Ps. 4,023, Ps. 4,518 and Ps. 3,749, for the years ended in 2017, 2016 and 2015, respectively. |