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Other Current Assets and Other Current Financial Assets
 12 Months Ended
Dec. 31, 2017
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Other Current Assets and Other Current Financial Assets

Note 9. Other Current Assets and Other Current Financial Assets

9.1 Other current assets

 

                December 31,
2017		     December 31,
2016		  

Prepaid expenses

       Ps.  2,425     Ps.  3,784  

Agreements with customers

         192       179  

Short-term licenses

         224       112  

Other

         47       34  
     

 

 

    

 

 

  
      Ps. 2,888     Ps. 4,109  
     

 

 

    

 

 

  

Prepaid expenses as of December 31, 2017 and 2016 are as follows:

 

                December 31,
2017		     December 31,
2016		  

Advances for inventories

       Ps.  1,260     Ps.  2,734  

Advertising and promotional expenses paid in advance

         370       171  

Advances to service suppliers

         268       466  

Prepaid leases

         218       164  

Prepaid insurance

         103       104  

Others

         206       145  
     

 

 

    

 

 

  
      Ps. 2,425     Ps. 3,784  
     

 

 

    

 

 

  

Advertising and promotional expenses recorded in the consolidated income statement for the years ended December 31, 2017, 2016 and 2015 amounted to Ps. 6,236, Ps. 6,578 and Ps. 4,613, respectively.

9.2 Other current financial assets

 

                December 31,
2017		     December 31,
2016		  

Restricted cash

       Ps.  504     Ps.  774  

Derivative financial instruments (see Note 20)

         233       1,917  

Short term note receivable (1)

         19       14  
     

 

 

    

 

 

  
      Ps. 756     Ps.  2,705  
     

 

 

    

 

 

  

 

(1) The carrying value approximates its fair value as of December 31, 2017 and 2016.

 

The Company has pledged part of its cash in order to fulfill the collateral requirements for the accounts payable in different currencies. As of December 31, 2017 and 2016, the carrying of restricted cash pledged were:

 

                December 31,
2017		     December 31,
2016		  

Venezuelan bolivars

       Ps.  —       Ps.  183  

Brazilian reais

         65       73  

Colombian pesos

         439       518  
     

 

 

    

 

 

  
      Ps.  504     Ps.  774  
     

 

 

    

 

 

  

During 2016 due to a jurisdictional order with the municipal sewage system services, the Colombian authorities withheld all the cash that Coca-Cola FEMSA has in the bank account, the total amount of which was reclassified as a restricted cash according with the Company’s accounting policy.