XML 43 R27.htm IDEA: XBRL DOCUMENT
v3.19.1

Non-ControllingInterest in Consolidated Subsidiaries | 12 Months Ended
--- | ---
Dec. 31, 2018
Text block [abstract] |
Non-ControllingInterest in Consolidated Subsidiaries | Note 21. Non-Controlling Interest in Consolidated Subsidiaries An analysis of FEMSA’s non-controlling interest in its consolidated subsidiaries for the years ended December 31, 2018 and 2017 is as follows:
|  | December 31, 2018 |  |  | December 31, 2017 |
Coca-Cola FEMSA |  | Ps. | 73,776 |  |  |  | Ps. 82,366 |
Other |  |  | 4,713 |  |  |  | 4,255 |
|  | Ps. | 78,489 |  |  | Ps. | 86,621 |
The changes in the FEMSA’s non-controlling interest were as follows:
|  | 2018 |  |  | 2017 |  |  | 2016 |
Balance at beginning of the period |  | Ps. | 86,621 |  |  | Ps. | 74,266 |  |  | Ps. | 60,332 |
Net income of non-controlling interest |  |  | 9,089 |  |  |  | (5,202 | ) |  |  | 6,035 |
Other comprehensive income (loss): |  |  | (4,080 | ) |  |  | 7,240 |  |  |  | 9,463 |
Exchange differences on translation of foreign operation |  |  | (4,016 | ) |  |  | 7,349 |  |  |  | 9,238 |
Remeasurements of the net defined benefits liability |  |  | 155 |  |  |  | 30 |  |  |  | (63 | )
Valuation of the effective portion of derivative financial instruments |  |  | (219 | ) |  |  | (139 | ) |  |  | 288 |
Adoption of IAS 29 for Argentina |  |  | 1,418 |  |  |  | — |  |  |  | — |
Capitalization of issued shares to former owners of Vonpar in Coca-Cola FEMSA |  |  | — |  |  |  | 2,867 |  |  |  | — |
Other acquisitions and remeasurements |  |  | 413 |  |  |  | (50 | ) |  |  | 1,710 |
(Derecognition) contribution from non-controlling interest |  |  | (11,140 | ) |  |  | 11,072 |  |  |  | 892 |
Equity instruments |  |  | — |  |  |  | — |  |  |  | (485 | )
Dividends |  |  | (3,713 | ) |  |  | (3,622 | ) |  |  | (3,690 | )
Share based payment |  |  | 31 |  |  |  | 50 |  |  |  | 9 |
Accounting standard adoption effects (“IFRS 9”) |  |  | (150 | ) |  |  | — |  |  |  | — |
Balance at end of the period |  | Ps. | 78,489 |  |  | Ps. | 86,621 |  |  | Ps. | 74,266 |
Non-controlling interest’s accumulated other comprehensive income is comprised as follows:
|  | December 31, 2018 |  |  | December 31, 2017 |
Exchange differences on translation foreign operation |  | Ps. | 3,134 |  |  | Ps. | 7,150 |
Remeasurements of the net defined benefits liability |  |  | (119 | ) |  |  | (274 | )
Valuation of the effective portion of derivative financial instruments |  |  | (163 | ) |  |  | 56 |
Accumulated other comprehensive income |  | Ps. | 2,852 |  |  | Ps. | 6,932 |
Coca-Cola FEMSA shareholders, especially the Coca-Cola Company which hold Series D shares, have some protective rights about investing in or disposing of significant businesses. However, these rights do not limit the continued normal operations of Coca-Cola FEMSA. Summarized financial information in respect of Coca-Cola FEMSA is set out below:
|  | December 31, 2018 |  |  | December 31, 2017 |
Total current assets |  | Ps. | 56,992 |  |  | Ps. | 55,657 |
Total non-current assets |  |  | 206,795 |  |  |  | 230,020 |
Total current liabilities |  |  | 45,455 |  |  |  | 55,594 |
Total non-current liabilities |  |  | 86,562 |  |  |  | 89,373 |
Total revenue |  | Ps. | 182,342 |  |  | Ps. | 183,256 |
Consolidated net (loss) income for continuing operations |  |  | 11,704 |  |  |  | (12,549 | )
Consolidated net income from discontinued operations |  |  | 3,366 |  |  |  | 895 |
Consolidated comprehensive income for continuing operations |  | Ps. | 6,544 |  |  | Ps. | 2,300 |
Consolidated comprehensive income from discontinued operations |  |  | 2,944 |  |  |  | 1,041 |
Net cash flow generated from operating activities for continuing operations |  |  | 29,366 |  |  |  | 32,446 |
Net cash flow generated from operating activities from discontinued operations |  |  | 1,308 |  |  |  | 1,265 |
Net cash flow from used in investing activities for continuing operations |  |  | (8,291 | ) |  |  | (13,710 | )
Net cash flow from used in investing activities from discontinued operations |  |  | (962 | ) |  |  | (2,820 | )
Net cash flow from used in financing activities for continuing operations |  |  | (14,379 | ) |  |  | (10,290 | )
Net cash flow from used in financing activities from discontinued operations |  |  | (37 | ) |  |  | (485 | )
21.1 Options embedded from past acquisitions FEMSA Comercio – Health Division entered into option transactions regarding the remaining 40% non-controlling interest not held by FEMSA Comercio – Health Division. The former controlling shareholders of Socofar may be able to put some or all of that interest to FEMSA Comercio – Health Division beginning (i) 42-months after the initial acquisition, upon the occurrence of certain events and (ii) 60 months after the initial acquisition, in any event, FEMSA Comercio – Health Division can call the remaining 40% non-controlling interest beginning on the seventh anniversary of the initial acquisition date. Both of these options would be exercisable at the then fair value of the interest and shall remain indefinitely. The former controlling shareholders of Open Market retain a put for their remaining 20% non-controlling interest that can be exercised (i) at any time after the acquisition date upon the occurrence of certain events and (ii) annually from January through April, after the third anniversary of the acquisition date. In any event, the Company through one of its subsidiaries can call the remaining 20% non-controlling interest annually from January through April, after the fifth anniversary of the acquisition date. Both options would be exercisable at the then fair value of the interest and shall remain indefinitely. Given that these options are exercisable at the then fair value on exercise date, their value is not significant at the acquisition date and at December 31, 2018.

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | fmx_TextBlockAbstract
Namespace Prefix: | fmx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of non-controlling interests. [Refer: Non-controlling interests] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration