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Information by Segment | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Information by Segment | Note 26. Information by Segment The information by segment is presented considering the Company’s business units (as defined in Note 1) based on its products and services, which is consistent with the internal reporting presented to the Chief Operating Decision Maker. A segment is a component of the Company that engages in business activities from which it earns revenues, and incurs the related costs and expenses, including revenues, costs and expenses that relate to transactions with any of Company’s other components. All segments’ operating results are reviewed regularly by the Chief Operating Decision Maker, which makes decisions about the resources that would be allocated to the segment and to assess its performance, and for which financial information is available. In 2018, FEMSA made a change to the disclosure related to the businesses segments formerly named as FEMSA Comercio’s “Retail Division” by removing those operations that are not directly related to Proximity store business, including restaurant and discount retail units, from this segment. The business segment is now named the FEMSA Comercio – “Proximity Division” and will only include Proximity and Proximity-related operations, most of which operate today under the OXXO brand across markets. The removed operations are included in “Other.” The financial information by operating segment reported below for the years ended December 31, 2017 and 2016, respectively; has been restated in order to give effect to business units’ reorganization described above. Inter-segment transfers or transactions are entered into and presented under accounting policies of each segment, which are the same to those applied by the Company. Intercompany operations are eliminated and presented within the consolidation adjustment column included in the tables below. a) By Business Unit:
2018 |  | Coca-Cola FEMSA |  |  | FEMSA Comercio — Proximity Division |  |  | FEMSA Comercio — Health Division |  |  | FEMSA Comercio — Fuel Division |  |  | Heineken Investment |  |  | Other (1) |  |  | Consolidation Adjustments |  |  | Consolidated |
Total revenues |  |  | Ps. 182,342 |  |  |  | Ps.167,458 |  |  |  | Ps. 51,739 |  |  |  | Ps.46,936 |  |  |  | Ps.— |  |  |  | Ps.42,293 |  |  |  | (21,024 | ) |  |  | Ps.469,744 |
Intercompany revenue |  |  | 5,160 |  |  |  | 290 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,574 |  |  |  | (21,024 | ) |  |  | — |
Gross profit |  |  | 83,938 |  |  |  | 65,529 |  |  |  | 15,865 |  |  |  | 4,231 |  |  |  | — |  |  |  | 10,233 |  |  |  | (4,626 | ) |  |  | 175,170 |
Administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,313 |
Selling expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 114,573 |
Other income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 673 |
Other expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,947 |
Interest expense |  |  | 7,568 |  |  |  | 1,806 |  |  |  | 678 |  |  |  | 211 |  |  |  | 1 |  |  |  | 2,057 |  |  |  | (2,496 | ) |  |  | 9,825 |
Interest income |  |  | 1,004 |  |  |  | 372 |  |  |  | 14 |  |  |  | 159 |  |  |  | 22 |  |  |  | 3,757 |  |  |  | (2,496 | ) |  |  | 2,832 |
Other net finance income (3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (387 | )
Income before income taxes and share of the profit of equity accounted investees |  |  | 17,190 |  |  |  | 13,335 |  |  |  | 1,438 |  |  |  | 407 |  |  |  | 11 |  |  |  | 1,219 |  |  |  | 30 |  |  |  | 33,630 |
Income taxes |  |  | 5,260 |  |  |  | 1,124 |  |  |  | 652 |  |  |  | 123 |  |  |  | 4 |  |  |  | 3,006 |  |  |  | — |  |  |  | 10,169 |
Share of the profit of equity accounted investees, net of tax |  |  | (226 | ) |  |  | (17 | ) |  |  | — |  |  |  | — |  |  |  | 6,478 |  |  |  | 17 |  |  |  | — |  |  |  | 6,252 |
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,713 |
Net income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,366 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 33,079 |
Depreciation and amortization (2) |  |  | 10,028 |  |  |  | 4,971 |  |  |  | 983 |  |  |  | 152 |  |  |  | — |  |  |  | 1,103 |  |  |  | — |  |  |  | 17,237 |
Non-cash items other than depreciation and amortization |  |  | 755 |  |  |  | 367 |  |  |  | 22 |  |  |  | 11 |  |  |  | — |  |  |  | 490 |  |  |  | — |  |  |  | 1,645 |
Investments in equity accounted investees |  |  | 10,518 |  |  |  | 84 |  |  |  | — |  |  |  | — |  |  |  | 83,461 |  |  |  | 252 |  |  |  | — |  |  |  | 94,315 |
Total assets |  |  | 263,787 |  |  |  | 75,146 |  |  |  | 35,881 |  |  |  | 7,015 |  |  |  | 86,340 |  |  |  | 150,674 |  |  |  | (42,462 | ) |  |  | 576,381 |
Total liabilities |  |  | 132,037 |  |  |  | 56,468 |  |  |  | 23,357 |  |  |  | 6,142 |  |  |  | 4,054 |  |  |  | 61,340 |  |  |  | (42,559 | ) |  |  | 240,839 |
Investments in fixed assets (4) |  |  | 11,069 |  |  |  | 9,441 |  |  |  | 1,162 |  |  |  | 520 |  |  |  | — |  |  |  | 2,391 |  |  |  | (317 | ) |  |  | 24,266 |
(1) | Includes other companies and corporate (see Note 1).
(2) | Includes bottle breakage.
(3) | Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.
(4) | Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.
2017 (Revised) (5) |  | Coca-Cola FEMSA |  |  | FEMSA Comercio– Proximity Division |  |  | FEMSA Comercio– Health Division |  |  | FEMSA Comercio– Fuel Division |  |  | Heineken Investment |  |  | Other (1) |  |  | Consolidation Adjustments |  |  | Consolidated |
Total revenues |  | Ps. | 183,256 |  |  | Ps. | 149,833 |  |  | Ps. | 47,421 |  |  | Ps. | 38,388 |  |  |  | — |  |  | Ps. | 39,732 |  |  | Ps. | (18,698 | ) |  | Ps. | 439,932 |
Intercompany revenue |  |  | 4,679 |  |  |  | 202 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13,817 |  |  |  | (18,698 | ) |  |  | — |
Gross profit |  |  | 83,508 |  |  |  | 56,127 |  |  |  | 14,213 |  |  |  | 2,767 |  |  |  | — |  |  |  | 9,307 |  |  |  | (3,832 | ) |  |  | 162,090 |
Administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,222 |
Selling expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 105,880 |
Other income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 31,951 |
Other expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 33,866 |
Interest expense |  |  | 8,778 |  |  |  | 1,313 |  |  |  | 685 |  |  |  | 156 |  |  |  | — |  |  |  | 2,372 |  |  |  | (2,212 | ) |  |  | 11,092 |
Interest income |  |  | 791 |  |  |  | 306 |  |  |  | 23 |  |  |  | 47 |  |  |  | 23 |  |  |  | 2,492 |  |  |  | (2,212 | ) |  |  | 1,470 |
Other net finance expenses (3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,320 |
Income before income taxes and share of the profit of equity accounted investees |  |  | (11,255 | ) |  |  | 11,723 |  |  |  | 956 |  |  |  | 146 |  |  |  | 30,000 |  |  |  | 4,265 |  |  |  | (64 | ) |  |  | 35,771 |
Income taxes |  |  | 4,184 |  |  |  | 762 |  |  |  | 434 |  |  |  | 23 |  |  |  | (5,132 | ) |  |  | 9,942 |  |  |  | — |  |  |  | 10,213 |
Share of the profit of equity accounted investees, net of tax |  |  | 60 |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 7,847 |  |  |  | 11 |  |  |  | — |  |  |  | 7,923 |
Net income from continuing operations |  |  | – |  |  |  | – |  |  |  | – |  |  |  | — |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 33,480 |
Net income from discontinued operations |  |  | – |  |  |  | – |  |  |  | – |  |  |  | — |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 3,726 |
Consolidated net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 37,206 |
Depreciation and amortization (2) |  |  | 9,632 |  |  |  | 4,144 |  |  |  | 942 |  |  |  | 118 |  |  |  | — |  |  |  | 804 |  |  |  | — |  |  |  | 15,640 |
Non-cash items other than depreciation and amortization |  |  | 1,663 |  |  |  | 285 |  |  |  | 31 |  |  |  | 18 |  |  |  | — |  |  |  | 267 |  |  |  | — |  |  |  | 2,264 |
Investments in equity accounted investees |  |  | 11,501 |  |  |  | 642 |  |  |  | — |  |  |  | — |  |  |  | 83,720 |  |  |  | 234 |  |  |  | — |  |  |  | 96,097 |
Total assets |  |  | 285,677 |  |  |  | 64,717 |  |  |  | 38,496 |  |  |  | 4,678 |  |  |  | 76,555 |  |  |  | 154,930 |  |  |  | (36,512 | ) |  |  | 588,541 |
Total liabilities |  |  | 144,967 |  |  |  | 49,101 |  |  |  | 25,885 |  |  |  | 4,091 |  |  |  | 1,343 |  |  |  | 62,754 |  |  |  | (36,512 | ) |  |  | 251,629 |
Investments in fixed assets (4) |  |  | 12,917 |  |  |  | 8,396 |  |  |  | 774 |  |  |  | 291 |  |  |  | — |  |  |  | 1,479 |  |  |  | (371 | ) |  |  | 23,486 |
(1) | Includes other companies and corporate (see Note 1).
(2) | Includes bottle breakage.
(3) | Includes foreign exchange gain, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.
(4) | Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.
(5) | Disclosure has been revised for the restructuring of FEMSA Comercio – Proximity Division and for 2017 the discontinued Philippines operations of Coca-Cola FEMSA Philippines. The assets (Ps. 28,272) and liabilities (Ps. 9,945) for the discontinued operation for 2017 of Philippines segment are included in Mexico and Central America
2016 (Revised) (5) |  | Coca-Cola FEMSA |  |  | FEMSA Comercio – Proximity Division |  |  | FEMSA Comercio – Health Division |  |  | FEMSA Comercio – Fuel Division |  |  | Heineken Investment |  |  | Other (1) |  |  | Consolidation Adjustments |  |  | Consolidated |
Total revenues |  | Ps. | 177,718 |  |  | Ps. | 133,228 |  |  | Ps. | 43,411 |  |  | Ps. | 28,616 |  |  |  | — |  |  | Ps. | 33,406 |  |  | Ps. | (16,872 | ) |  | Ps. | 399,507 |
Intercompany revenue |  |  | 4,269 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,599 |  |  |  | (16,872 | ) |  |  | — |
Gross profit |  |  | 79,662 |  |  |  | 49,046 |  |  |  | 12,738 |  |  |  | 2,248 |  |  |  | — |  |  |  | 8,062 |  |  |  | (3,552 | ) |  |  | 148,204 |
Administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,730 |
Selling expenses |  |  | — |  |  |  | 33 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 95,547 |
Other income |  |  | — |  |  |  | (13 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,157 |
Other expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,909 |
Interest expense |  |  | 7,473 |  |  |  | 789 |  |  |  | 654 |  |  |  | 109 |  |  |  | — |  |  |  | 1,613 |  |  |  | (992 | ) |  |  | 9,646 |
Interest income |  |  | 715 |  |  |  | 259 |  |  |  | 31 |  |  |  | 37 |  |  |  | 20 |  |  |  | 1,229 |  |  |  | (992 | ) |  |  | 1,299 |
Other net finance expenses (3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,728 |
Income before income taxes and share of the profit of equity accounted investees |  |  | 14,308 |  |  |  | 11,203 |  |  |  | 914 |  |  |  | 182 |  |  |  | 9 |  |  |  | 2,061 |  |  |  | (121 | ) |  |  | 28,556 |
Income taxes |  |  | 3,928 |  |  |  | 729 |  |  |  | 371 |  |  |  | 16 |  |  |  | 3 |  |  |  | 2,841 |  |  |  | — |  |  |  | 7,888 |
Share of the profit of equity accounted investees, net of tax |  |  | 147 |  |  |  | 22 |  |  |  | — |  |  |  | — |  |  |  | 6,342 |  |  |  | (4 | ) |  |  | — |  |  |  | 6,507 |
Consolidated net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 27,175 |
Depreciation and amortization (2) |  |  | 8,666 |  |  |  | 3,510 |  |  |  | 855 |  |  |  | 92 |  |  |  | — |  |  |  | 586 |  |  |  | — |  |  |  | 13,709 |
Non-cash items other than depreciation and amortization |  |  | 2,908 |  |  |  | 270 |  |  |  | 8 |  |  |  | 17 |  |  |  | — |  |  |  | 648 |  |  |  | — |  |  |  | 3,851 |
Investments in equity accounted investees |  |  | 22,357 |  |  |  | 611 |  |  |  | — |  |  |  | — |  |  |  | 105,229 |  |  |  | 404 |  |  |  | — |  |  |  | 128,601 |
Total assets |  |  | 279,256 |  |  |  | 55,453 |  |  |  | 35,862 |  |  |  | 3,649 |  |  |  | 108,976 |  |  |  | 94,716 |  |  |  | (32,289 | ) |  |  | 545,623 |
Total liabilities |  |  | 150,023 |  |  |  | 40,857 |  |  |  | 24,368 |  |  |  | 3,132 |  |  |  | 7,132 |  |  |  | 66,230 |  |  |  | (32,289 | ) |  |  | 259,453 |
Investments in fixed assets (4) |  |  | 12,391 |  |  |  | 7,598 |  |  |  | 474 |  |  |  | 299 |  |  |  | — |  |  |  | 1,705 |  |  |  | (312 | ) |  |  | 22,155 |
(1) | Includes other companies and corporate (see Note 1).
(2) | Includes bottle breakage.
(3) | Includes foreign exchange gain, net; gain 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.
(5) | Disclosure has been revised for the restructuring of FEMSA Comercio – Proximity Division.
b) By Geographic Area: The Company aggregates geographic areas into the following for the purposes of its consolidated financial statements: (i) Mexico and Central America division (comprising the following countries: Mexico, Guatemala, Nicaragua, Costa Rica and Panama) and (ii) the South America division (comprising the following countries: Brazil, Argentina, Colombia, Chile, Ecuador, Peru and Uruguay). (iii) Europe (comprised of the Company’s equity method investment in Heineken Group). For further information related with aggregates geographic areas see Note 27.2 Disaggregation of revenue. Geographic disclosure for the Company non-current assets is as follow:
|  | 2018 |  |  | 2017 |
Mexico and Central America (1) |  |  | Ps. 195,310 |  |  | Ps. | 176,174 |
Asia |  |  | — |  |  |  | 17,233 |
South America (2) |  |  | 120,003 |  |  |  | 130,226 |
Europe |  |  | 83,461 |  |  |  | 83,720 |
Consolidated |  |  | Ps. 398,774 |  |  | Ps. | 407,353 |
(1) | Domestic (Mexico only) non-current assets were Ps. 185,857 and Ps. 170,547, as of December 31, 2018, and December 31, 2017, respectively.
(2) | South America non-current assets includes Brazil, Argentina, Colombia, Chile and Uruguay. Brazilian non-current assets were Ps. 76,869 and Ps. 89,137, as of December 31, 2018 and December 31, 2017, respectively. Colombia non-current assets were Ps. 16,664 and Ps. 18,396, as of December 31, 2018 and December 31, 2017, respectively. Argentina non-current assets were Ps. 4,538 and Ps. 3,052, as of December 31, 2018 and December 31, 2017, respectively. Chile non-current assets were Ps. 16,787 and Ps. 19,590, as of December 31, 2018 and December 31, 2017, respectively. Uruguay non-current assets were Ps. 5,145, as of December 31, 2018.

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