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Investments in Associates and Joint Ventures (Tables)

12 Months Ended

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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The disclosure of the reconciliation of the summarised financial information of an associate accounted for using the equity method to the carrying amount of the reporting entity's interest in the associate. [Refer: Carrying amount [member]; Associates [member]]

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