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

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:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory

The tax effects of temporary differences, tax losses and tax credits that give rise to significant portions of deferred tax assets and liabilities as at December 31, 2017, 2016 and 2015 are detailed below:

		December 31,
		2017			2016			2015
Deferred tax assets
Accounts payable		$	16,404			831			764
Employee benefits			45,519			42,221			32,572
PTU payable			12,917			12,700			9,516
Accounts receivable			-			-			404
Tax loss carryforwards			-			2,760			10,236
Property, plant and equipment			-			-			490
Other provisions			7,025			1,754			239
Total deferred tax assets			81,865			60,266			54,221

Deferred tax liabilities
Property, plant and equipment			59			82			-
Prepaid expenses			1,136			52			94
Total deferred tax liabilities			1,195			134			94
Net deferred tax assets			80,670			60,132			54,127

		December 31,
		2017			2016			2015
Deferred tax assets
Accounts payable		$	1,170,771			964,676			1,093,145
Tax loss carryforwards			22,013			676			1,081
Goodwill			7,562			19,846			22,326
Other provisions			54,020			24,049			6,606
Derivative financial instruments			-			-			859
Total deferred tax assets			1,254,366			1,009,247			1,124,017

Deferred tax liabilities
Inventories			1,601,498			1,612,890			1,400,793
Accounts receivable			421,191			438,146			382,585
Property, plant and equipment			2,428,358			2,566,002			2,356,509
Prepaid expenses			392,800			302,958			353,166
Derivative financial instruments			253,898			1,826			-
Total deferred tax liabilities			5,097,745			4,921,822			4,493,053
Net deferred tax liability		$	3,843,379			3,912,575			3,369,036