Note 11. Property, Plant and Equipment, Net


Cost	Land			Buildings			Machinery and Equipment			Refrigeration Equipment			Returnable Bottles			Investments in Fixed Assets in Progress			Leasehold Improvements			Other			Total
Cost as of January 1, 2016	Ps.	7,569		Ps.	17,951		Ps.	53,685		Ps.	12,592		Ps.	11,651		Ps.	5,815		Ps.	14,488		Ps.	927			Ps. 124,678
Additions		328			877			6,499			73			2,236			8,667			36			367			19,083
Additions from business acquisitions		163			763			1,521			105			23			45			668			—			3,288
Changes in fair value of past acquisitions		50			—			85			—			—			—			115			—			250
Transfer of completed projects in progress		46			1,039			2,445			1,978			779			(8,493	)		2,206			—			—
Transfer (to)/from assets classified as held for sale		—			—			(36	)		—			—			—			—			—			(36	)
Disposals		(88	)		(202	)		(2,461	)		(574	)		(139	)		(2	)		(474	)		(19	)		(3,959	)
Effects of changes in foreign exchange rates		260			2,643			5,858			1,953			1,271			569			329			(132	)		12,751
Changes in value on the recognition of inflation effects		854			1,470			2,710			851			122			415			—			942			7,364
Capitalization of borrowing costs		—			—			61			—			—			(38	)		—			1			24

Cost as of December 31, 2016	Ps.	9,182		Ps.	24,541		Ps.	70,367		Ps.	16,978		Ps.	15,943		Ps.	6,978		Ps.	17,368		Ps.	2,086		Ps.	163,443


Cost	Land			Buildings			Machinery and Equipment			Refrigeration Equipment			Returnable Bottles			Investments in Fixed Assets in Progress			Leasehold Improvements			Other			Total
Cost as of January 1, 2017	Ps.	9,182		Ps.	24,541		Ps.	70,367		Ps.	16,978		Ps.	15,943		Ps.	6,978		Ps.	17,368		Ps.	2,086		Ps.	163,443
Additions		465			1,474			6,150			389			3,201			8,878			57			224			20,838
Additions from business acquisitions		5,115			1,634			5,988			482			3,324			821			145			—			17,509
Transfer of completed projects in progress		6			676			3,073			1,967			558			(8,572	)		2,295			(3	)		—
Transfer (to)/from assets classified as held for sale		—			—			(42	)		—			—			—			—			(58	)		(100	)
Disposals		(144	)		(588	)		(3,147	)		(800	)		(193	)		—			(352	)		(12	)		(5,236	)
Effects of changes in foreign exchange rates		(1,018	)		(1,964	)		(2,817	)		(1,523	)		(1,216	)		(720	)		153			(1,201	)		(10,306	)
Changes in value on the recognition of inflation effects		527			1,016			2,030			689			(2	)		226			—			638			5,124
Venezuela deconsolidation effect (see Note 3.3)		(544	)		(817	)		(1,300	)		(717	)		(83	)		(221	)		—			(646	)		(4,328	)

Cost as of December 31, 2017	Ps.	13,589		Ps.	25,972		Ps.	80,302		Ps.	17,465		Ps.	21,532		Ps.	7,390		Ps.	19,666		Ps.	1,028		Ps.	186,944


Cost	Land			Buildings			Machinery and Equipment			Refrigeration Equipment			Returnable Bottles			Investments in Fixed Assets in Progress			Leasehold Improvements			Other			Total
Cost as of January 1, 2018	Ps.	13,589		Ps.	25,972		Ps.	80,302		Ps.	17,465		Ps.	21,532		Ps.	7,390		Ps.	19,666		Ps.	1,028		Ps.	186,944
Additions		334			877			6,926			644			2,888			6,482			3,322			111			21,584
Additions from business acquisitions		25			451			4,128			537			393			290			2			41			5,867
Transfer of completed projects in progress		526			567			2,193			1,711			3			(4,927	)		(93	)		20			—
Transfer (to)/from assets classified as held for sale		—			—			(127	)		—			—			—			—			—			(127	)
Disposals		(93	)		(152	)		(4,623	)		(614	)		(312	)		(633	)		(748	)		(21	)		(7,196	)
Philippines disposal		(4,654	)		(2,371	)		(11,621	)		(2,415	)		(10,116	)		(489	)		(236	)		—			(31,902	)
Effects of changes in foreign exchange rates		(401	)		(1,079	)		(3,526	)		(759	)		(251	)		(330	)		(354	)		(293	)		(6,993	)
Effects on the recognition of inflation effects		242			816			2,552			465			612			66			—			9			4,762
Capitalization of borrowing costs		—			—			—			—			—			—			—			—			—

Cost as of December 31, 2018	Ps	9,568		Ps.	25,081		Ps.	76,204		Ps.	17,034		Ps.	14,749		Ps.	7,849		Ps.	21,559		Ps.	895		Ps.	172,939


Accumulated Depreciation	Land			Buildings			Machinery and Equipment			Refrigeration Equipment			Returnable Bottles			Investments in Fixed Assets in Progress			Leasehold Improvements			Other			Total
Accumulated Depreciation as of January 1, 2016	Ps.	—		Ps.	(3,758	)	Ps.	(22,449	)	Ps.	(6,004	)	Ps.	(7,378	)	Ps.	—		Ps.	(4,392	)	Ps.	(401	)	Ps.	(44,382	)
Depreciation for the year		—			(734	)		(5,737	)		(1,723	)		(2,235	)		—			(1,447	)		(200	)		(12,076	)
Transfer to/(from) assets classified as held for sale		—			—			16			—			—			—			—			—			16
Disposals		—			132			2,101			672			227			—			364			9			3,505
Effects of changes in foreign exchange rates		—			(600	)		(3,093	)		(1,147	)		(847	)		—			(81	)		39			(5,729	)
Changes in value on the recognition of inflation effects		—			(593	)		(1,101	)		(521	)		(33	)		—			—			(306	)		(2,554	)

Accumulated Depreciation as of December 31, 2016	Ps.	—		Ps.	(5,553	)	Ps.	(30,263	)	Ps.	(8,723	)	Ps.	(10,266	)	Ps.	—		Ps.	(5,556	)	Ps.	(859	)	Ps.	(61,220	)



Accumulated Depreciation	Land		Buildings			Machinery and Equipment			Refrigeration Equipment			Returnable Bottles			Investments in Fixed Assets in Progress		Leasehold Improvements			Other			Total
Accumulated Depreciation as of January 1, 2017	Ps.	—	Ps.	(5,553	)	Ps.	(30,263	)	Ps.	(8,723	)	Ps.	(10,266	)	Ps.	—	Ps.	(5,556	)	Ps.	(859	)	Ps.	(61,220	)
Depreciation for the year		—		(887	)		(6,928	)		(2,186	)		(3,365	)		—		(1,562	)		(685	)		(15,613	)
Transfer to/(from) assets classified as held for sale		—		44			7			—			—			—		—			—			51
Disposals		—		40			3,125			683			103			—		300			5			4,256
Effects of changes in foreign exchange rates		—		518			437			1,157			93			—		(138	)		940			3,007
Venezuela deconsolidation effect		—		481			1,186			626			56			—		—			335			2,684
Venezuela impairment		—		(257	)		(841	)		—			—			—		—			—			(1,098	)
Changes in value on the recognition of inflation effects		—		(437	)		(1,031	)		(553	)		(44	)		—		—			(234	)		(2,299	)

Accumulated Depreciation as of December 31, 2017	Ps.	—	Ps.	(6,051	)	Ps.	(34,308	)	Ps.	(8,996	)	Ps.	(13,423	)	Ps.	—	Ps.	(6,956)		Ps.	(498	)	Ps.	(70,232	)


Accumulated Depreciation	Land		Buildings			Machinery and Equipment			Refrigeration Equipment			Returnable Bottles			Investments in Fixed Assets in Progress		Leasehold Improvements			Other			Total
Accumulated Depreciation as of January 1, 2018	Ps.	—	Ps.	(6,051	)	Ps.	(34,308	)	Ps.	(8,996	)	Ps.	(13,423	)	Ps.	—	Ps.	(6,956	)	Ps.	(498	)	Ps.	(70,232	)
Depreciation for the year		—		(786	)		(7,437	)		(1,752	)		(2,827	)		—		(1,763	)		(133	)		(14,698	)
Transfer to/(from) assets classified as held for sale		—		—			78			—			—			—		—			—			78
Disposals		—		69			4,970			579			204			—		571			—			6,393
Philippines disposal		—		700			6,125			2,083			7,225			—		77			—			16,210
Effects of changes in foreign exchange rates		—		112			404			250			631			—		141			143			1,681
Changes in value on the recognition of inflation effects		—		(223	)		(2,692	)		(338	)		(516	)		—		—			—			(3,769	)

Accumulated Depreciation as of December 31, 2018	Ps.	—	Ps.	(6,179	)	Ps.	(32,860	)	Ps.	(8,174	)	Ps.	(8,706	)	Ps.	—	Ps.	(7,930	)	Ps.	(488	)	Ps.	(64,337	)


Carrying Amount	Land		Buildings			Machinery and Equipment			Refrigeration Equipment			Returnable Bottles			Investments in Fixed Assets in Progress		Leasehold Improvements			Other			Total
As of December 31, 2016	Ps.	9,182	Ps.	18,988		Ps.	40,104		Ps.	8,255		Ps.	5,677		Ps.	6,978	Ps.	11,812		Ps.	1,227		Ps.	102,223

As of December 31, 2017	Ps.	13,589	Ps.	19,921		Ps.	45,994		Ps.	8,469		Ps.	8,109		Ps.	7,390	Ps.	12,710		Ps.	530		Ps.	116,712

As of December 31, 2018	Ps.	9,568	Ps.	18,902		Ps.	43,344		Ps.	8,860		Ps.	6,043		Ps.	7,849	Ps.	13,629		Ps.	407		Ps.	108,602

During the year ended December 31, 2016 the Company capitalized Ps. 61 of borrowing costs in relation to Ps. 99 in qualifying assets. The effective interest rates used to determine the amount of borrowing costs eligible for capitalization was 4.5%. For the years ended December 31, 2018 and 2017, the Company did not recognize any capitalization of borrowing costs.

For the years ended December 31, 2018, 2017 and 2016 interest expense, interest income and net foreign exchange losses and gains are analyzed as follows:


	2018		2017		2016
Interest expense, interest income and net foreign exchange	Ps.	7,241	Ps.	4,688	Ps.	7,285
Amount capitalized ⁽¹⁾		—		—		69

Net amount in consolidated income statements	Ps.	7,241	Ps.	4,688	Ps.	7,216

(1)	Amount of interest capitalized in property, plant and equipment and intangible assets.

Commitments related to acquisitions of property, plant and equipment are disclosed in Note 25.8