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Equity Accounted Investees (Tables)

12 Months Ended

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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