Information by Segment (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Inter Segment Policies for Segment

a)	By Business Unit:

2017

Coca-Cola
FEMSA

FEMSA
Comercio-Retail
Division

FEMSA
Comercio-
Health
Division

FEMSA
Comercio-
Fuel Division

Heineken
Investment

Other ⁽¹⁾

Consolidation
Adjustments

Consolidated

Total revenues

Ps.

203,780

Ps.

154,204

Ps.

47,421

Ps.

38,388

Ps.

—

Ps.

35,357

Ps.

(18,694)

Ps.

460,456

Intercompany revenue

4,678

198

—

13,818

(18,694)

—

Gross profit

91,685

58,245

14,213

2,767

—

7,186

(3,828)

170,268

Administrative expenses

—

16,512

Selling expenses

—

111,456

Other income

—

34,741

Other expenses

—

33,959

Interest expense

8,810

1,317

685

156

—

2,359

(2,203)

11,124

Interest income

887

298

2,491

(2,203)

1,566

Other net finance expenses ⁽³⁾

—

6,342

Income before income taxes and share of the profit of associates and joint ventures accounted for using the equity method

(7,162

)

11,518

956

146

30,000

4,472

(64

)

39,866

Income taxes

4,554

734

434

(5,132

)

9,970

—

10,583

Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes

—

7,847

—

7,923

Consolidated net income

—

37,206

Depreciation and amortization ⁽²⁾

11,657

4,403

942

118

—

545

—

17,665

Non-cash items other than depreciation and amortization

1,714

296

—

255

—

2,314

Investments in associates and joint ventures

11,500

642

—

83,720

235

—

96,097

Total assets

285,677

68,820

38,496

4,678

76,555

150,816

(36,501)

588,541

Total liabilities

144,968

49,696

25,885

4,091

1,343

62,147

(36,501)

251,629

Investments in fixed assets ⁽⁴⁾

14,612

8,563

774

291

—

1,311

(371)

25,180

(1)	Includes other companies (see Note 1) and corporate.

(2)	Includes bottle breakage.

(3)	Includes foreign exchange loss, net; loss on monetary position for subsidiaries in hyperinflationary economies; and market value gain on financial instruments.

(4)	Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.


2016	Coca-Cola FEMSA		FEMSA Comercio-Retail Division		FEMSA Comercio- Health Division		FEMSA Comercio- Fuel Division		Heineken Investment		Other ⁽¹⁾		Consolidation Adjustments		Consolidated
Total revenues	Ps.	177,718	Ps.	137,139	Ps.	43,411	Ps.	28,616	Ps.	—	Ps.	29,491	Ps.	(16,868)	Ps.	399,507
Intercompany revenue		4,269		—		—		—		—		12,599		(16,868)		—
Gross profit		79,662		50,990		12,738		2,248		—		6,114		(3,548)		148,204
Administrative expenses		—		—		—		—		—		—		—		14,730
Selling expenses		—		—		—		—		—		—		—		95,547
Other income		—		—		—		—		—		—		—		1,157
Other expenses		—		—		—		—		—		—		—		5,909
Interest expense		7,473		809		654		109		—		1,580		(979)		9,646
Interest income		715		246		31		37		20		1,229		(979)		1,299
Other net finance expenses ⁽³⁾		—		—		—		—		—		—		—		3,728
Income before income taxes and share of the profit of associates and joint ventures accounted for using the equity method		14,308		11,046		914		182		9		2,218		(121)		28,556
Income taxes		3,928		719		371		16		3		2,851		—		7,888
Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes		147		15		—		—		6,342		3		—		6,507

Consolidated net income		—		—		—		—		—		—		—		27,175

Depreciation and amortization ⁽²⁾		8,666		3,736		855		92		—		360		—		13,709
Non-cash items other than depreciation and amortization		2,908		288		8		17		—		630		—		3,851
Investments in associates and joint ventures		22,357		611		—		—		105,229		404		—		128,601
Total assets		279,256		59,740		35,862		3,649		108,976		90,429		(32,289)		545,623
Total liabilities		150,023		42,211		24,368		3,132		7,132		64,876		(32,289)		259,453
Investments in fixed assets ⁽⁴⁾		12,391		7,632		474		299		—		1,671		(312)		22,155

(1)	Includes other companies (see Note 1) and corporate.

(2)	Includes bottle breakage.

(3)	Includes foreign exchange loss, net; loss on monetary position for subsidiaries in hyperinflationary economies; and market value gain on financial instruments.

(4)	Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.


2015	Coca-Cola FEMSA			FEMSA Comercio-Retail Division			FEMSA Comercio- Health Division			FEMSA Comercio- Fuel Division			Heineken Investment		Other ⁽¹⁾			Consolidation Adjustments			Consolidated
Total revenues	Ps.	152,360		Ps.	119,884		Ps.	13,053		Ps.	18,510		Ps.	—	Ps.	22,774		Ps.	(14,992)		Ps.	311,589
Intercompany revenue		3,794			46			—			—			—		11,152			(14,992)			—
Gross profit		72,030			43,649			3,688			1,420			—		5,334			(2,942)			123,179
Administrative expenses		—			—			—			—			—		—			—			11,705
Selling expenses		—			—			—			—			—		—			—			76,375
Other income		—			—			—			—			—		—			—			423
Other expenses		—			—			—			—			—		—			—			(2,741	)
Interest expense		(6,337	)		(612	)		(148	)		(78	)		—		(1,269	)		667			(7,777	)
Interest income		414			149			8			35			18		1,067			(667	)		1,024
Other net finance expenses ⁽³⁾		—			—			—			—			—		—			—			(865	)
Income before income taxes and share of the profit of associates and joint ventures accounted for using the equity method		14,725			9,714			416			164			8		208			(72	)		25,163
Income taxes		4,551			859			97			28			2		2,395			—			7,932
Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes		155			(10	)		—			—			5,879		21			—			6,045

Consolidated net income		—			—			—			—			—		—			—			23,276

Depreciation and amortization ⁽²⁾		7,144			3,132			204			63			—		282			—			10,825
Non-cash items other than depreciation and amortization		1,443			296			(16	)		17			—		326			—			2,066

Investments in associates and joint ventures		17,873			744			—			19			92,694		401			—			111,731
Total assets		210,249			44,677			22,534			3,230			95,502		49,213			(16,073	)		409,332
Total liabilities		101,514			30,661			14,122			2,752			4,202		30,298			(16,073	)		167,476
Investments in fixed assets ⁽⁴⁾		11,484			5,731			317			228			—		1,448			(323	)		18,885

(1)	Includes other companies (see Note 1) and corporate.

(2)	Includes bottle breakage.

(3)	Includes foreign exchange loss, net; loss on monetary position for subsidiaries in hyperinflationary economies; and market value gain on financial instruments.

(4)	Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.

Summary of Geographic Disclosure

Geographic disclosure for the Company is as follow:


2017	Total Revenues			Total Non Current Assets
Mexico and Central America ⁽¹⁾	Ps.	301,463		Ps.	176,174
Asia ⁽²⁾		20,524			17,233
South America ⁽³⁾		135,608			130,225
Venezuela		3,932			1
Europe		—			83,720
Consolidation adjustments		(1,071	)		—

Consolidated	Ps.	460,456		Ps.	407,353


2016	Total Revenues			Total Non Current Assets
Mexico and Central America ⁽¹⁾	Ps.	267,732		Ps.	176,613
South America ⁽³⁾		113,937			138,549
Venezuela		18,937			7,281
Europe		—			105,229
Consolidation adjustments		(1,099	)		—

Consolidated	Ps.	399,507		Ps.	427,672


2015	Total Revenues			Total Non Current Assets
Mexico and Central America ⁽¹⁾	Ps.	228,563		Ps.	158,506
South America ⁽²⁾		74,928			67,568
Venezuela		8,904			3,841
Europe		—			92,694
Consolidation adjustments		(806	)		—

Consolidated	Ps.	311,589		Ps.	322,609

(1)

Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 288,783, Ps. 254,643 and Ps. 218,809 during the years ended December 31, 2017, 2016 and 2015, respectively. Domestic (Mexico only) non-current assets were Ps. 170,547 and Ps. 168,976, as of December 31, 2017, and December 31, 2016, respectively.

(2)

South America includes Brazil, Argentina, Colombia, Chile and Venezuela, although Venezuela is shown separately above. South America revenues include Brazilian revenues of Ps. 64,345, Ps. 48,924 and Ps. 39,749 during the years ended December 31, 2017, 2016 and 2015, respectively. Brazilian non-current assets were Ps. 89,137 and Ps. 97,127, as of December 31, 2017 and December 31, 2016, respectively. South America revenues include Colombia revenues of Ps. 17,545, Ps. 17,027 and Ps. 14,283 during the years ended December 31, 2017, 2016 and 2015, respectively. Colombia non-current assets were Ps. 18,396 and Ps. 18,835, as of December 31, 2017 and December 31, 2016, respectively. South America revenues include Argentina revenues of Ps. 13,938, Ps. 12,340 and Ps. 14,004 during the years ended December 31, 2017, 2016 and 2015, respectively. Argentina non-current assets were Ps. 3,052 and Ps. 3,159, as of December 31, 2017 and December 31, 2016, respectively. South America revenues include Chile revenues of Ps. 40,660 and Ps. 36,631 during the year ended December 31, 2017 and 2016, respectively. Chile non-current assets were Ps. 19,590 and Ps. 19,367, as of December 31, 2017 and 2016, respectively.