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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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001061736
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  • ifrs-full:DisclosureOfOtherAssetsExplanatory

    Other assets

     

         December 31,
    2017
         December 31,
    2016
     

    Agreement with customers

       Ps.  849      Ps.  793  

    Long term prepaid advertising expenses

         298        392  

    Guarantee deposits (1)

         3,491        3,757  

    Prepaid bonuses

         151        103  

    Advances to acquire property, plant and equipment

         266        173  

    Recoverable taxes

         1,674        1,653  

    Indemnifiable assets from business combinations (2)

         4,510        8,081  

    Recoverable taxes from business combinations

         458        —    

    Others

         828        1,230  
      

     

     

        

     

     

     
       Ps.  12,525      Ps.  16,182  
      

     

     

        

     

     

     

     

    (1) As it is customary in Brazil, the Company is required to collaterize tax, legal and labor contingencies by guarantee deposits including those related to business acquisitions (see Note 25.7).
    (2) Corresponds to indemnifiable assets that are warranteed by former Vonpar owners as per the share purchase agreement.