Non-ControllingInterest in Consolidated Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2018

An analysis of FEMSA’s non-controlling interest in its consolidated subsidiaries for the years ended December 31, 2018 and 2017 is as follows:

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

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	)