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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  • ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory

    7.2 Changes in the allowance for doubtful accounts

     

         2017      2016      2015  

    Opening balance

       Ps.  1,193      Ps.  849      Ps.  456  

    Allowance for the year

         530        467        167  

    Charges and write-offs of uncollectible accounts

         (400      (418      (99

    Addition from business combinations

         86        94        401  

    Effects of changes in foreign exchange rates

         (32      201        (76

    Venezuela deconsolidation effect

         (2      —          —    
      

     

     

        

     

     

        

     

     

     

    Ending balance

       Ps. 1,375      Ps.  1,193      Ps. 849