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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    • ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk

    The following table shows the Company’s sensitivity to an increase and decrease of 15% for 2017, 2016 and 2015 in the “bushell” price of corn and short ton price of soybeans.
     
     
     
    Effect of Increase
     
    Effect of Decrease
     
     
     
    2017
     
    2016
     
    2015
     
    2017
     
    2016
     
    2015
     
    Loss (profit) for the year
     
    $
    (16,094)
     
     
    (9,085)
     
     
    (44,589)
     
    $
    21,229
     
     
    8,785
     
     
    56,753
     
     
    ii. Interest rate risk
     
    As described in Note 18, the Company has financial debt denominated in pesos and dollars, which bear interest at variable rates based on TIIE and LIBOR, respectively.
     
    The following table shows the Company’s sensitivity to an increase and decrease of 50 basis points for 2017, 2016 and 2015, in the variable rates to which the Company is exposed.
     
     
     
    Effect of Increase
     
    Effect of Decrease
     
     
     
    2017
     
    2016
     
    2015
     
    2017
     
    2016
     
    2015
     
    Loss (profit) for the year
     
    $
    43,485
     
     
    15,385
     
     
    17,375
     
    $
    (43,485)
     
     
    (15,385)
     
     
    (17,375)
     
     
    iii. Exchange risk
     
    As of December 31, 2017, the Company's net monetary liability position in foreign currency was $1,214,223.
     
    The following table shows the Company’s sensitivity of an increase and decrease of 10% for 2017, 2016 and 2015, in exchange rate, which would have an effect in the result from foreign currency position.
     
     
     
    Effect of Increase
     
    Effect of Decrease
     
     
     
    2017
     
    2016
     
    2015
     
    2017
     
    2016
     
    2015
     
    Loss (profit) for the year
     
    $
    (121,422)
     
     
    35,311
     
     
    225,618
     
    $
    121,422
     
     
    (35,311)
     
     
    (225,618)