XML 65 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
RELATED PARTY TRANSACTIONS: (Tables)
 12 Months Ended
Dec. 31, 2014
Related party transactions  
Receivable and payable balances with related parties

 

Receivable and payable balances with related parties are shown below (in millions):

 

 

 

As of December 31,

 

 

 

2014

 

2013

 

Related parties receivable current:

 

 

 

 

 

Grupo Mexico

 

$
0.7 

 

$
0.8 

 

Mexico Generadora de Energia S. de R.L. (“MGE”)

 
31.9 

 
18.8 

 

Compania Perforadora Mexico S.A.P.I. de C.V. and affiliates

 
0.2 

 
0.7 

 

Compania Minera Coimolache S.A.

 

—

 
17.2 

 

Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates

 

—

 
0.6 

 

 

 

$
32.8 

 

$
38.1 

 

 

 

 

 

 

 

Related parties receivable non-current:

 

 

 

 

 

MGE

 

$
161.2 

 

$
161.2 

 

 

 

 

 

 

 

Related parties payable:

 

 

 

 

 

Grupo Mexico

 

$
2.8 

 

$
3.3 

 

MGE

 
45.2 

 
14.4 

 

Asarco LLC

 
13.8 

 
6.2 

 

Higher Technology S.A.C.

 
0.2 

 
0.1 

 

Breaker, S.A. de C.V. and affiliates (“Breaker”)

 
0.7 

 
0.3 

 

Sempertrans and affiliates

 

—

 
0.1 

 

Mexico Transportes Aereos S.A. de C.V. (“Mextransport”)

 
1.3 

 
0.6 

 

Mexico Proyectos y Desarrollos S.A. de C.V. and affiliates

 
1.7 

 

—

 

Ferrocarril Mexicano S.A. de C.V.

 
1.8 

 
3.3 

 

Eolica El Retiro, S.A.P.I. de C.V.

 
1.6 

 

—

 

 

 

$
69.1 

 

$
28.3 

 

 

Grupo Mexico and Affiliates  
Related party transactions  
Purchase and sales activities with related parties

 

The following table summarize the purchase and sale activities with Grupo Mexico and its affiliates in 2014, 2013 and 2012 (in millions):

 

 

 

2014

 

2013

 

2012

 

Purchase activity

 

 

 

 

 

 

 

Grupo Mexico

 

$
13.9 

 

$
13.8 

 

$
13.9 

 

Asarco LLC

 
47.9 

 
98.0 

 
58.6 

 

Ferrocarril Mexicano, S.A. de C.V.

 
22.7 

 
19.7 

 
13.9 

 

Mexico Proyectos y Desarrollos S.A. de C.V. and affiliates

 
61.4 

 
54.4 

 
49.5 

 

MGE

 
178.4 

 
14.4 

 

—

 

Compania Perforadora Mexico S.A.P.I. de C.V. and affiliates

 
3.1 

 
6.1 

 
2.2 

 

Eolica El Retiro, S.A.P.I. de C.V.

 
7.6 

 

—

 

—

 

Total purchases

 

$
335.0 

 

$
206.4 

 

$
138.1 

 

 

 

 

 

 

 

 

 

Sales activity

 

 

 

 

 

 

 

Asarco LLC

 

$
24.7 

 

$
88.7 

 

$
23.5 

 

Mexico Proyectos y Desarrollos S.A. de C.V. and affiliates

 
0.8 

 
0.8 

 
0.5 

 

Compania Perforadora Mexico S.A.P.I. de C.V. and affiliates

 
0.6 

 
0.6 

 

—

 

MGE

 
96.5 

 
27.3 

 

—

 

Total sales

 

$
122.6 

 

$
117.4 

 

$
24.0 

 

 

Companies with relationship to the controlling group  
Related party transactions  
Purchase and sales activities with related parties

 

The following table summarize the purchase and sales activities with other Larrea family companies in 2014, 2013 and 2012 (in millions):

 

Mextransport:

 

2014

 

2013

 

2012

 

Purchase activity

 

$
2.5 

 

$
2.7 

 

$
2.7 

 

 

 

 

 

 

 

 

 

Sales activity

 

$
0.3 

 

$
0.3 

 

$
0.9 

 

 

Companies with relationship to SCC executive officers' families  
Related party transactions  
Purchase activity with related parties

 

The following table summarize the purchase activities with companies with relationships to SCC executive officers in 2014, 2013 and 2012 (in millions):

 

 

 

2014

 

2013

 

2012

 

Higher Technology S.A.C.

 

$
3.2 

 

$
2.2 

 

$
3.1 

 

Servicios y Fabricaciones Mecanicas S.A.C.

 
1.3 

 
0.4 

 
0.2 

 

Sempertrans

 
1.2 

 
1.1 

 
0.3 

 

Breaker

 
10.1 

 
3.9 

 
2.3 

 

Pigoba, S.A. de C.V.

 
0.6 

 
0.3 

 
0.8 

 

Total purchased

 

$
16.4 

 

$
7.9 

 

$
6.7