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Equity Accounted Investees (Tables) | 12 Months Ended
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Dec. 31, 2018
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Summary of Equity Accounted Investees | As of December 31, 2018 and 2017, Company’s equity accounted investees are as follows:
|  |  |  |  |  |  |  | Ownership Percentage |  |  | Carrying Value |
Investee |  | Principal Activity |  |  | Place of Incorporation |  |  | December 31, 2018 |  |  | December 31, 2017 |  |  | December 31, 2018 |  |  | December 31, 2017 |
Heineken (1)(2) |  |  | Beverages |  |  |  | The Netherlands |  |  |  | 14.8 | % |  |  | 14.8 | % |  | Ps. | 83,461 |  |  | Ps. | 83,720 |
Coca-Cola FEMSA: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compañía Panameña de Bebidas, S.A.P.I. de C.V. |  |  | Beverages |  |  |  | Mexico |  |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 1,550 |  |  |  | 2,036 |
Dispensadoras de Café, S.A.P.I. de C.V. |  |  | Services |  |  |  | Mexico |  |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 162 |  |  |  | 153 |
Fountain Agua Mineral, L.T.D.A |  |  | Beverages |  |  |  | Brazil |  |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 826 |  |  |  | 784 |
Associates: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) |  |  | Sugar production |  |  |  | Mexico |  |  |  | 36.4 | % |  |  | 36.4 | % |  |  | 3,120 |  |  |  | 2,933 |
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) |  |  | Canned bottling |  |  |  | Mexico |  |  |  | 26.5 | % |  |  | 26.5 | % |  |  | 179 |  |  |  | 177 |
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) |  |  | Recycling |  |  |  | Mexico |  |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 129 |  |  |  | 121 |
Jugos del Valle, S.A.P.I. de C.V. |  |  | Beverages |  |  |  | Mexico |  |  |  | 26.3 | % |  |  | 26.3 | % |  |  | 1,571 |  |  |  | 1,560 |
KSP Partiçipações, L.T.D.A. |  |  | Beverages |  |  |  | Brazil |  |  |  | 31.4 | % |  |  | 38.7 | % |  |  | 104 |  |  |  | 117 |
Leao Alimentos e Bebidas, L.T.D.A. |  |  | Beverages |  |  |  | Brazil |  |  |  | 24.7 | % |  |  | 24.7 | % |  |  | 2,084 |  |  |  | 3,001 |
UBI 3 Participações L.T.D.A. (“ADES”) |  |  | Beverages |  |  |  | Brazil |  |  |  | 26.0 | % |  |  | 26.0 | % |  |  | 7 |  |  |  | 391 |
Other investments in Coca-Cola FEMSA’s companies |  |  | Various |  |  |  | Various |  |  |  | Various |  |  |  | Various |  |  |  | 786 |  |  |  | 228 |
FEMSA Comercio: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Café del Pacífico, S.A.P.I. de C.V. (“CAFFENIO”) (4) |  |  | Coffee |  |  |  | Mexico |  |  |  | — |  |  |  | 40.0 | % |  |  | — |  |  |  | 539 |
Other investments (1) (3) |  |  | Various |  |  |  | Various |  |  |  | Various |  |  |  | Various |  |  |  | 336 |  |  |  | 337 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Ps. | 94,315 |  |  | Ps. | 96,097 |
(1) | Associate.
(2) | As of December 31, 2018 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. 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) | Associate until May 22, 2018, date in which the Company acquired an additional 10% of participation in Caffenio reaching an amount of 50% of ownership and, through an agreement with other shareholders the Company assumed control of the subsidiary.
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, 2018 |  |  | December 31, 2017 |
Amounts in millions |  | Peso |  |  | Euro |  |  | Peso |  |  | Euro |
Total current assets |  | Ps. | 204,422 |  |  | €. | 9,070 |  |  | Ps. | 194,429 |  |  | €. | 8,248 |
Total non-current assets |  |  | 741,195 |  |  |  | 32,886 |  |  |  | 772,861 |  |  |  | 32,786 |
Total current liabilities |  |  | 235,525 |  |  |  | 10,450 |  |  |  | 246,525 |  |  |  | 10,458 |
Total non-current liabilities |  |  | 359,846 |  |  |  | 15,966 |  |  |  | 378,463 |  |  |  | 16,055 |
Total equity |  |  | 350,245 |  |  |  | 15,540 |  |  |  | 342,302 |  |  |  | 14,521 |
Equity attributable to equity holders |  |  | 323,605 |  |  |  | 14,358 |  |  |  | 314,017 |  |  |  | 13,321 |
Total revenue and other income |  | Ps. | 517,115 |  |  | €. | 22,546 |  |  | Ps. | 493,488 |  |  | €. | 21,750 |
Total cost and expenses |  |  | 445,165 |  |  |  | 19,409 |  |  |  | 417,434 |  |  |  | 18,398 |
Net income |  | Ps. | 48,051 |  |  | €. | 2,095 |  |  | Ps. | 48,850 |  |  | €. | 2,153 |
Net income attributable to equity holders |  |  | 43,647 |  |  |  | 1,903 |  |  |  | 43,903 |  |  |  | 1,935 |
Other comprehensive income |  |  | (1,170 | ) |  |  | (51 | ) |  |  | (26,524 | ) |  |  | (1,169 | )
Total comprehensive income |  | Ps. | 46,881 |  |  | €. | 2,044 |  |  | Ps. | 22,326 |  |  | €. | 984 |
Total comprehensive income attributable to equity holders |  |  | 42,386 |  |  |  | 1,848 |  |  |  | 19,989 |  |  |  | 881 |
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, 2018 |  |  | December 31, 2017 |
Amounts in millions |  | Peso |  |  | Euro |  |  | Peso |  |  | Euro |
Equity attributable to equity holders of Heineken |  | Ps. | 323,608 |  |  | €. | 14,358 |  |  | Ps. | 314,018 |  |  | €. | 13,321 |
Economic ownership percentage |  |  | 14.76 | % |  |  | 14.76 | % |  |  | 14.76 | % |  |  | 14.76 | %
Investment in Heineken investment exclusive of goodwill and other adjustments |  | Ps. | 47,765 |  |  | €. | 2,119 |  |  | Ps. | 46,349 |  |  | €. | 1,966 |
Effects of fair value determined by purchase price allocation |  |  | 15,846 |  |  |  | 703 |  |  |  | 16,610 |  |  |  | 705 |
Goodwill |  |  | 19,850 |  |  |  | 881 |  |  |  | 20,761 |  |  |  | 881 |
Heineken investment |  | Ps. | 83,461 |  |  | €. | 3,703 |  |  | Ps. | 83,720 |  |  | €. | 3,552 |
Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes | For the year ended December 31, 2018, 2017 and 2016, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows:
|  | 2018 |  |  | 2017 |  |  | 2016 |
Items that may be reclassified to consolidated net income: |  |  |  |  |  |  |  |  |  |  |  |
Valuation of the effective portion of derivative financial instruments |  | Ps. | (355 | ) |  | Ps. | 252 |  |  | Ps. | 614 |
Exchange differences on translating foreign operations |  |  | (6 | ) |  |  | (2,265 | ) |  |  | (2,842 | )
Total |  | Ps. | (361 | ) |  | Ps. | (2,013 | ) |  | Ps. | (2,228 | )
Items that may not be reclassified to consolidated net income in subsequent periods: |  |  |  |  |  |  |  |  |  |  |  |
Remeasurements of the net defined benefit liability |  | Ps. | 597 |  |  | Ps. | 69 |  |  | Ps. | (1,004 | )

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