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Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands, $ in Millions
MXN ($)
USD ($)
Capital stock [member]
MXN ($)
Legal reserve [member]
MXN ($)
Retained earnings [member]
MXN ($)
Effect of derivative financial instruments acquired for hedging purposes [member]
MXN ($)
Unrealized gain (loss) on equity investment at fair value [member]
MXN ($)
Re-measurements of defined benefit plans [member]
MXN ($)
Cumulative translation adjustment [member]
MXN ($)
Total equity attributable to equity holders of the parent [member]
MXN ($)
Non- controlling interests [member]
MXN ($)
Beginning balance at Dec. 31, 2016 $ 271,023,767   $ 96,337,514 $ 358,440 $ 157,356,860 $ (12,292) $ (6,669,720) $ (68,005,050) $ 29,549,491 $ 208,915,243 $ 62,108,524
Net profit for the year 32,155,333       29,325,921         29,325,921 2,829,412
Effect of fair value of derivatives, net of deferred taxes 12,292         12,292       12,292  
Unrealized gain (loss) on equity investments at fair value, net of deferred taxes 622,424           622,424     622,424  
Remeasurement of defined benefit plan, net of deferred taxes (7,046,089)             (7,075,606)   (7,075,606) 29,517
Effect of translation of foreign entities (18,309,877)               (21,683,333) (21,683,333) 3,373,456
Total comprehensive income (loss) for the year 7,434,083       29,325,921 12,292 622,424 (7,075,606) (21,683,333) 1,201,698 6,232,385
Dividends declared (21,663,578)       (19,815,470)         (19,815,470) (1,848,108)
Stock dividend 4,904,082   1,264   4,902,818         4,904,082  
Repurchase of shares (1,040,956)   (270)   (1,040,686)         (1,040,956)  
Other acquisitions of non-controlling interests (23,881)       (285)         (285) (23,596)
Ending balance (Effect of adoption of new accounting standards [member]) at Dec. 31, 2017 20,116,789       19,598,349         19,598,349 518,440
Ending balance (Restated balance [member]) at Dec. 31, 2017 280,750,306   96,338,508 358,440 190,327,507   (6,047,296) (75,080,656) 7,866,158 213,762,661 66,987,645
Ending balance at Dec. 31, 2017 260,633,517   96,338,508 358,440 170,729,158   (6,047,296) (75,080,656) 7,866,158 194,164,312 66,469,205
Net profit for the year 54,516,823       52,566,197         52,566,197 1,950,626
Unrealized gain (loss) on equity investments at fair value, net of deferred taxes (3,765,688)           (3,765,688)     (3,765,688)  
Remeasurement of defined benefit plan, net of deferred taxes 757,278             652,722   652,722 104,556
Effect of translation of foreign entities (64,314,032)               (61,223,458) (61,223,458) (3,090,574)
Total comprehensive income (loss) for the year (12,805,619)       52,566,197   (3,765,688) 652,722 (61,223,458) (11,770,227) (1,035,392)
Dividends declared (22,984,982)       (21,134,520)         (21,134,520) (1,850,462)
Hyperinflation adjustment 15,826,934       15,826,934         15,826,934  
Repurchase of shares (518,763)   (130)   (518,633)         (518,763)  
Redemption of hybrid bond (Note 19) (13,440,120)                   (13,440,120)
Other acquisitions of non-controlling interests (955,334)       (170,440)         (170,440) (784,894)
Ending balance at Dec. 31, 2018 245,872,422   96,338,378 358,440 236,897,045   (9,812,984) (74,427,934) (53,357,300) 195,995,645 49,876,777
Net profit for the year 70,313,455       67,730,891         67,730,891 2,582,564
Unrealized gain (loss) on equity investments at fair value, net of deferred taxes 883,408 $ 47         883,408     883,408  
Remeasurement of defined benefit plan, net of deferred taxes (29,535,672) (1,567)           (29,153,554)   (29,153,554) (382,118)
Effect of translation of foreign entities (35,536,252)               (34,010,066) (34,010,066) (1,526,186)
Total comprehensive income (loss) for the year 6,124,939 325     67,730,891   883,408 (29,153,554) (34,010,066) 5,450,679 674,260
Dividends declared (24,580,113)       (23,106,823)         (23,106,823) (1,473,290)
Repurchase of shares (427,328)   (116)   (427,212)         (427,328)  
Redemption of hybrid bond (Note 19) 0 0                  
Other acquisitions of non-controlling interests (83,055)       (2,214)         (2,214) (80,841)
Ending balance at Dec. 31, 2019 $ 226,906,865 $ 12,042 $ 96,338,262 $ 358,440 $ 281,091,687 $ 0 $ (8,929,576) $ (103,581,488) $ (87,367,366) $ 177,909,959 $ 48,996,906