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Investments in Associates and Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2017
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Summary of Associates and Joint Ventures | Details of the Company’s associates and joint ventures accounted for under the equity method at the end of the reporting period are as follows:
|  |  |  |  |  | Ownership Percentage |  |  | Carrying Amount |
Investee |  | Principal Activity |  | Place of Incorporation |  | December 31, 2017 |  |  | December 31, 2016 |  |  | December 31, 2017 |  |  | December 31, 2016 |
Heineken (1) (2) |  | Beverages |  | The Netherlands |  |  | 14.8 | % |  |  | 20.0 | % |  | Ps. | 83,720 |  |  | Ps. | 105,268 |
Coca-Cola FEMSA: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compañía Panameña de Bebidas, S.A.P.I. de C.V. |  | Beverages |  | Mexico |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 2,036 |  |  |  | 1,911 |
Dispensadoras de Café, S.A.P.I. de C.V. |  | Services |  | Mexico |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 153 |  |  |  | 145 |
Estancia Hidromineral Itabirito, L.T.D.A |  | Bottling and distribution |  | Brazil |  |  | — |  |  |  | 50.0 | % |  |  | — |  |  |  | 96 |
Coca-Cola FEMSA Philippines, Inc. (“CCFPI”) (4) |  | Bottling |  | Philippines |  |  | — |  |  |  | 51.0 | % |  |  | — |  |  |  | 11,460 |
Fountain Agua Mineral, L.T.D.A |  | Beverages |  | Brazil |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 784 |  |  |  | 765 |
Associates: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) |  | Sugar production |  | Mexico |  |  | 36.4 | % |  |  | 36.4 | % |  |  | 2,933 |  |  |  | 2,657 |
Industria Envasadora de Queretaro, S.A. de C.V. (“IEQSA”) |  | Canned bottling |  | Mexico |  |  | 26.5 | % |  |  | 26.5 | % |  |  | 177 |  |  |  | 177 |
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) |  | Recycling |  | Mexico |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 121 |  |  |  | 100 |
Jugos del Valle, S.A.P.I. de C.V. |  | Beverages |  | Mexico |  |  | 26.3 | % |  |  | 26.3 | % |  |  | 1,560 |  |  |  | 1,574 |
KSP Partiçipações, L.T.D.A. |  | Beverages |  | Brazil |  |  | 38.7 | % |  |  | 38.7 | % |  |  | 117 |  |  |  | 126 |
Leao Alimentos e Bebidas, L.T.D.A. |  | Beverages |  | Brazil |  |  | 24.7 | % |  |  | 27.7 | % |  |  | 3,001 |  |  |  | 3,282 |
UBI 3 Participações Ltda (Ades) |  | Beverages |  | Brazil |  |  | 26.0 | % |  |  | — |  |  |  | 391 |  |  |  | — |
Other investments in Coca-Cola FEMSA’s companies |  | Various |  | Various |  |  | Various |  |  |  | Various |  |  |  | 228 |  |  |  | 64 |
FEMSA Comercio: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Café del Pacifico, S.A.P.I. de C.V. (Caffenio) (1) |  | Coffee |  | Mexico |  |  | 40.0 | % |  |  | 40.0 | % |  |  | 539 |  |  |  | 493 |
Other investments (1) (3) |  | Various |  | Various |  |  | Various |  |  |  | Various |  |  |  | 337 |  |  |  | 482 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Ps. | 96,097 |  |  | Ps. | 128,601 |
(1) | Associate.
(2) | As of December 31, 2017 comprised of 8.63% of Heineken, N.V. and 12.26% of Heineken Holding, N.V., which represents an economic interest of 14.76% in Heineken Group and as of December 31, 2016, comprised of 12.53% of Heineken, N.V. and 14.94% of Heineken Holding, N.V., which represented an economic interest of 20% in Heineken Group. The Company has significant influence, mainly, due to the fact that it participates in the Board of Directors of Heineken Holding, N.V. and the Supervisory Board of Heineken N.V.; and for the material transactions between the Company and Heineken Group..
(3) | Joint ventures.
(4) | See Note 4.1.2
Summarized Financial Information in Respect of Associate Accounted for Under Equity Method | Summarized financial information in respect of the associate Heineken Group accounted for under the equity method is set out below.
|  | December 31, 2017 |  |  | December 31, 2016 |
|  | Million of |  |  | Million of |
|  | Peso |  |  | Euro |  |  | Peso |  |  | Euro |
Total current assets |  | Ps. | 194,429 |  |  | €. | 8,248 |  |  | Ps. | 177,176 |  |  | €. | 8,137 |
Total non-current assets |  |  | 772,861 |  |  |  | 32,786 |  |  |  | 679,004 |  |  |  | 31,184 |
Total current liabilities |  |  | 246,525 |  |  |  | 10,458 |  |  |  | 226,385 |  |  |  | 10,397 |
Total non-current liabilities |  |  | 378,463 |  |  |  | 16,055 |  |  |  | 312,480 |  |  |  | 14,351 |
Total equity |  |  | 342,302 |  |  |  | 14,521 |  |  |  | 317,315 |  |  |  | 14,573 |
Equity attributable to equity holders |  |  | 314,015 |  |  |  | 13,321 |  |  |  | 288,246 |  |  |  | 13,238 |
Total revenue and other income |  | Ps. | 499,818 |  |  | €. | 22,029 |  |  | Ps. | 427,019 |  |  | €. | 20,838 |
Total cost and expenses |  |  | 423,764 |  |  |  | 18,677 |  |  |  | 370,563 |  |  |  | 18,083 |
Net income |  | Ps. | 48,850 |  |  | €. | 2,153 |  |  | Ps. | 35,636 |  |  | €. | 1,739 |
Net income attributable to equity holders |  |  | 43,903 |  |  |  | 1,935 |  |  |  | 31,558 |  |  |  | 1,540 |
Other comprehensive income |  |  | (26,524 | ) |  |  | (1,169 | ) |  |  | (19,037 | ) |  |  | (929 | )
Total comprehensive income |  | Ps. | 22,326 |  |  | €. | 984 |  |  | Ps. | 16,599 |  |  | €. | 810 |
Total comprehensive income attributable to equity holders |  |  | 19,989 |  |  |  | 881 |  |  |  | 13,525 |  |  |  | 660
Reconciliation from Equity of Associate to Investment of Company | Reconciliation from the equity of the associate Heineken Group to the investment of the Company.
|  | December 31, 2017 |  |  | December 31, 2016 |
|  | Million of |  |  | Million of |
|  | Peso |  |  | Euro |  |  | Peso |  |  | Euro |
Equity attributable to equity holders of Heineken |  | Ps. | 314,018 |  |  | €. | 13,321 |  |  | Ps. | 288,090 |  |  | €. | 13,238 |
Economic ownership percentage |  |  | 14.76 | % |  |  | 14.76 | % |  |  | 20 | % |  |  | 20 | %
|  | Ps. | 46,349 |  |  | €. | 1,966 |  |  | Ps. | 57,618 |  |  | €. | 2,648 |
Effects of fair value determined by Purchase Price Allocation |  |  | 16,610 |  |  |  | 705 |  |  |  | 21,495 |  |  |  | 988 |
Goodwill |  |  | 20,761 |  |  |  | 881 |  |  |  | 26,116 |  |  |  | 1,200 |
Heineken investment |  | Ps. | 83,720 |  |  | €. | 3,552 |  |  | Ps. | 105,229 |  |  | €. | 4,836 |
Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes | The Company’s share of other comprehensive income from equity investees, net of taxes for the year ended December 31, 2017, 2016 and 2015 are as follows:
|  | 2017 |  |  | 2016 |  |  | 2015 |
Items that may be reclassified to consolidated net income: |  |  |  |  |  |  |  |  |  |  |  |
Valuation of the effective portion of derivative financial instruments |  | Ps. | 252 |  |  | Ps. | 614 |  |  | Ps. | 213 |
Exchange differences on translating foreign operations |  |  | (2,265 | ) |  |  | (2,842 | ) |  |  | 69 |
Total |  | Ps. | (2,013 | ) |  | Ps. | (2,228 | ) |  | Ps. | 282 |
Items that may not be reclassified to consolidated net income in subsequent periods: |  |  |  |  |  |  |  |  |  |  |  |
Remeasurements of the net defined benefit liability |  | Ps. | 69 |  |  | Ps. | (1,004 | ) |  | Ps. | 169 |

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- Definition The disclosure of associates. [Refer: Associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2017-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2017-03-01&anchor=para_17_b&doctype=Standard -URIDate 2017-03-09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2017-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2017-03-01&anchor=para_16_b&doctype=Standard -URIDate 2017-03-09 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2017-01-01 -Paragraph B4 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2017-03-01&anchor=para_B4_d&doctype=Appendix&seq=2 -URIDate 2017-03-09 + Details
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