XML 202 R47.htm IDEA: XBRL DOCUMENT
v3.20.1

Equity Accounted Investees (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Text block [abstract] |
Summary of Equity Accounted Investees | As of December 31, 2019 and 2018, Company’s equity accounted investees are as follows:
|  |  |  |  |  | Ownership Percentage |  |  | Carrying Value |
Investee |  | Principal Activity |  | Place of Incorporation |  | December 31, 2019 |  |  | December 31, 2018 |  |  | December 31, 2019 |  |  | December 31, 2018 |
Heineken (1) (2) |  | Beverages |  | The Netherlands |  |  | 14.8 | % |  |  | 14.8 | % |  | Ps. | 83,789 |  |  | Ps. | 83,461 |
Coca-Cola FEMSA: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compañía Panameña de Bebidas, S.A.P.I. de C.V. |  | Beverages |  | Mexico |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 486 |  |  |  | 1,550 |
Dispensadoras de Café, S.A.P.I. de C.V. |  | Services |  | Mexico |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 172 |  |  |  | 162 |
Fountain Agua Mineral, L.T.D.A. |  | Beverages |  | Brazil |  |  | 50.0 | % |  |  | 50.0 | % |  |  | 851 |  |  |  | 826 |
Associates : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) |  | Sugar production |  | Mexico |  |  | 36.4 | % |  |  | 36.4 | % |  |  | 3,274 |  |  |  | 3,120 |
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) |  | Canned bottling |  | Mexico |  |  | 26.5 | % |  |  | 26.5 | % |  |  | 194 |  |  |  | 179 |
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) |  | Recycling |  | Mexico |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 121 |  |  |  | 129 |
Jugos del Valle, S.A.P.I. de C.V. |  | Beverages |  | Mexico |  |  | 28.8 | % |  |  | 26.3 | % |  |  | 1,929 |  |  |  | 1,571 |
Leao Alimentos e Bebidas, L.T.D.A. |  | Beverages |  | Brazil |  |  | 24.7 | % |  |  | 24.7 | % |  |  | 1,931 |  |  |  | 2,084 |
Other investments in Coca-Cola FEMSA’s companies |  | Various |  | Various |  |  | Various |  |  |  | Various |  |  |  | 793 |  |  |  | 897 |
FEMSA Comercio: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Raizen Conveniências (4) |  | Proximity |  | Brazil |  |  | 50.0 | % |  |  | — |  |  |  | 3,410 |  |  |  | — |
Other investments (1) (3) |  | Various |  | Various |  |  | Various |  |  |  | Various |  |  |  | 520 |  |  |  | 336 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Ps. | 97,470 |  |  | Ps. | 94,315 |
(1) | Associate.
(2) | As of December 31, 2019 and 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) | On November 1, 2019, FEMSA Comercio – Proximity Division closed the acquisition of a 50% interest of Raízen Conveniências. The consideration amounted to R$ 357 million paid in cash and R$367 through notes payable, and such amounts include FEMSA Comercio’s prorrata portion of the investment requirements for the initial period of operations of the joint venture. Raízen is a company formed in 2010 from Cosan and Royal Dutch Shell in Brazil. The Joint Venture between FEMSA Comercio – Proximity Division and Raízen is limited to the convenience and proximity store business and excludes any other Raízen operations.
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, 2019 |  |  | December 31, 2018 |
Amounts in millions |  | Peso |  |  | Euro |  |  | Peso |  |  | Euro |
Total current assets |  | Ps. | 177,829 |  |  | €. | 8,419 |  |  | Ps. | 205,662 |  |  | €. | 9,125 |
Total non-current assets |  |  | 804,443 |  |  |  | 38,085 |  |  |  | 744,350 |  |  |  | 33,026 |
Total current liabilities |  |  | 259,952 |  |  |  | 12,307 |  |  |  | 235,052 |  |  |  | 10,429 |
Total non-current liabilities |  |  | 356,671 |  |  |  | 16,886 |  |  |  | 360,928 |  |  |  | 16,014 |
Total equity |  |  | 365,648 |  |  |  | 17,311 |  |  |  | 354,032 |  |  |  | 15,708 |
Equity attributable to equity holders (1) |  |  | 341,062 |  |  |  | 16,147 |  |  |  | 327,369 |  |  |  | 14,525 |
Total revenue and other income |  | Ps. | 511,125 |  |  | €. | 24,064 |  |  | Ps. | 517,528 |  |  | €. | 22,564 |
Total cost and expenses |  |  | 433,959 |  |  |  | 20,431 |  |  |  | 445,945 |  |  |  | 19,443 |
Net income |  | Ps. | 50,424 |  |  | €. | 2,374 |  |  | Ps. | 48,280 |  |  | €. | 2,105 |
Net income attributable to equity holders |  |  | 46,006 |  |  |  | 2,166 |  |  |  | 43,877 |  |  |  | 1,913 |
Other comprehensive income |  |  | 3,951 |  |  |  | 186 |  |  |  | (1,170 | ) |  |  | (51 | )
Total comprehensive income |  | Ps. | 54,375 |  |  | €. | 2,560 |  |  | Ps. | 47,111 |  |  | €. | 2,054 |
Total comprehensive income attributable to equity holders |  |  | 49,447 |  |  |  | 2,328 |  |  |  | 42,615 |  |  |  | 1,858 |
(1) | Following the IFRS Interpretations Committee agenda decision in January 2019 regarding tax deposits (relating to taxes other than income tax), Heineken Group changed its accounting policy with regards to payments relating to contingent liabilities. This change in accounting policy has been recognised retrospectively in Heineken Financial Statements and increased equity as at 1 January 2018 by €.157 million. The impact on 2018 profit amounts to an increase of €.10 million. For further information please refer to Heineken’s Annual Report.
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, 2019 |  |  | December 31, 2018 |
Amounts in millions |  | Peso |  |  | Euro |  |  | Peso |  |  | Euro |
Equity attributable to equity holders of Heineken (1) |  | Ps. | 341,062 |  |  | €. | 16,147 |  |  | Ps. | 323,608 |  |  | €. | 14,358 |
Economic ownership percentage |  |  | 14.76 | % |  |  | 14.76 | % |  |  | 14.76 | % |  |  | 14.76 | %
Investment in Heineken investment exclusive of goodwill and other adjustments |  | Ps. | 50,341 |  |  | €. | 2,383 |  |  | Ps. | 47,765 |  |  | €. | 2,119 |
Effects of fair value determined by purchase price allocation |  |  | 14,839 |  |  |  | 703 |  |  |  | 15,846 |  |  |  | 703 |
Goodwill |  |  | 18,609 |  |  |  | 881 |  |  |  | 19,850 |  |  |  | 881 |
Heineken investment |  | Ps. | 83,789 |  |  | €. | 3,967 |  |  | Ps. | 83,461 |  |  | €. | 3,703 |
(1) | Related to the change in Heineken’s accounting policy mentioned in the table above, the Company recognized the accumulated effects as of January 1, 2019.
Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes | For the year ended December 31, 2019, 2018 and 2017, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Items that may be reclassified to consolidated net income: |  |  |  |  |  |  |  |  |  |  |  |
Valuation of the effective portion of derivative financial instruments |  | Ps. | — |  |  | Ps. | (355 | ) |  | Ps. | 252 |
Exchange differences on translating foreign operations |  |  | 1,058 |  |  |  | (5 | ) |  |  | (2,265 | )
Total |  | Ps. | 1,058 |  |  | Ps. | (360 | ) |  | Ps. | (2,013 | )
Items that may not be reclassified to consolidated net income in subsequent periods: |  |  |  |  |  |  |  |  |  |  |  |
Remeasurements of the net defined benefit liability |  | Ps. | (389 | ) |  | Ps. | 597 |  |  | Ps. | 69 |

X
- Definition Disclosure of entitys share of other comprehensive income from equity investees. + References No definition available. + Details
Name: | fmx_DisclosureOfEntitysShareOfOtherComprehensiveIncomeFromEquityInvesteesExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of equity accounted investees. + References No definition available. + Details
Name: | fmx_DisclosureOfEquityAccountedInvesteesExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 the reconciliation of the summarised financial information of an associate accounted for using the equity method to the carrying amount of the reporting entity's interest in the associate. [Refer: Carrying amount [member]; Associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B14 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B14_b&doctype=Appendix&subtype=B -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of associates. [Refer: Associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2019-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2019-en-r&anchor=para_17_b&doctype=Standard -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2019-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2019-en-r&anchor=para_16_b&doctype=Standard -URIDate 2019-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B4 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B4_d&doctype=Appendix&subtype=B -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration