XML 55 R41.htm IDEA: XBRL DOCUMENT
v3.20.1

Mergers, Acquisitions and Disposals (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Statement [LineItems] |
Summary of Unaudited Pro Forma Financial Information | Unaudited pro forma financial data for the acquisitions, is as follow:
|  | Unaudited pro forma financial information for the year ended December 31, 2019 |
Total revenues |  | Ps. | 516,496 |
Income before income taxes and share of the profit of equity accounted investees |  |  | 33,823 |
Net income |  |  | 29,516 |
Basic net controlling interest income per share Series “B” |  | Ps. | 1.11 |
Basic net controlling interest income per share Series “D” |  |  | 1.38 |
The following unaudited consolidated pro forma financial data represent the Company’s historical financial statements, adjusted to give effect to (i) the acquisitions of Coca-Cola FEMSA and Caffenio as if these acquisitions has occurred on January 1, 2018; and (ii) certain accounting adjustments mainly related to the pro forma depreciation of fixed assets of the acquired company. Unaudited pro forma financial data for the acquisitions, is as follow:
|  | Unaudited pro forma financial information for the year ended December 31, 2018 |
Total revenues |  | Ps. | 473,420 |
Income before income taxes and share of the profit of equity accounted investees |  |  | 34,266 |
Net income |  |  | 33,521 |
Basic net controlling interest income per share Series “B” |  | Ps. | 1.22 |
Basic net controlling interest income per share Series “D” |  |  | 1.52 |
The following unaudited consolidated pro forma financial data represent the Company’s historical financial statements, adjusted to give effect to (i) the acquisition of Coca-Cola FEMSA Philippines as if this acquisition has occurred on January 1, 2017; and (ii) certain accounting adjustments mainly related to the pro forma depreciation of fixed assets of the acquired company. Unaudited pro forma financial data for the acquisition included, is as follow:
|  | Unaudited pro forma financial information for the year ended December 31, 2017 |
Total revenues |  | Ps. | 462,112 |
Income before income taxes and share of the profit of equity accounted investees |  |  | 39,917 |
Net income |  |  | 37,311 |
Basic net controlling interest income per share Series “B” |  | Ps. | 2.12 |
Basic net controlling interest income per share Series “D” |  |  | 2.65 |
Summary of Income Statement of Discontinued Operations | For the years ended December 31, 2018 and 2017, the income statement of discontinued operations was as follows:
|  | 2018 |  |  | 2017 |
Total revenues |  | Ps. | 24,167 |  |  | Ps. | 20,524 |
Cost of goods sold |  |  | 17,360 |  |  |  | 12,346 |
Gross profit |  |  | 6,807 |  |  |  | 8,178 |
Operating expenses |  |  | 5,750 |  |  |  | 6,865 |
Other expenses, net |  |  | 7 |  |  |  | 134 |
Financial income, net |  |  | (185 | ) |  |  | (64 | )
Foreign exchange gain, net |  |  | (73 | ) |  |  | (22 | )
Income before income taxes |  |  | 1,308 |  |  |  | 1,265 |
Income taxes |  |  | 466 |  |  |  | 370 |
Net income for discontinued operations |  | Ps. | 842 |  |  | Ps. | 895 |
Less: non-controlling interest in discontinued operations |  |  | 391 |  |  |  | 469 |
Controlling interest in discontinued operations |  | Ps. | 451 |  |  | Ps | . 426 |
Accumulated currency translation effect for the subsidiary disposal |  |  | (811 | ) |  |  | 2,830 |
Gain from sale |  |  | 3,335 |  |  |  | — |
Net income for subsidiary disposal – controlling interest |  |  | 2,975 |  |  |  | 3,256 |
Net income from discontinued operations |  | Ps. | 3,366 |  |  | Ps. | 3,725 |
Coca-Cola FEMSA [member] |
Statement [LineItems] |
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows | The final allocation on the purchase prices to the fair value of the net assets acquired is as follows:
|  | 2018 |
Total current assets (including cash acquired of Ps. 860) |  | Ps. | 1,864 |
Total non-current assets |  |  | 4,031 |
Distribution rights |  |  | 1,715 |
Total assets |  |  | 7,610 |
Total liabilities |  |  | (3,691 | )
Net assets acquired |  |  | 3,649 |
Goodwill (1) |  |  | 2,903 |
Total consideration transferred |  |  | 6,552 |
Cash acquired |  |  | (860 | )
Net cash paid |  | Ps. | 5,692 |
(1) | As a result of the purchase price allocation which was finalized in 2019, additional fair value adjustments from those recognized in 2018 have been recognized as follows: decrease in total non-current assets amounted to Ps. 236, distribution rights of Ps. 2,887 and increase in goodwill of Ps. 2,903.
Summary of Selected Income Statement for Period from Acquisition Date | The income statement information of these acquisitions for the period from the acquisition date through to December 31, 2018 is as follows:
Income Statement |  | 2018 |
Total revenues |  | Ps. | 4,628 |
Income before income taxes |  |  | 496 |
Net income |  | Ps. | 413 |
Other acquisitions [member] |
Statement [LineItems] |
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows | The preliminary allocation on the aggregated purchase prices to the fair value of the net assets acquired is as follows:
|  | 2019 |
Total current assets (including cash acquired of Ps. 389) |  | Ps. | 4,085 |
Total non-current assets |  |  | 5,250 |
Total assets |  |  | 9,335 |
Total liabilities |  |  | 8,153 |
Net assets acquired |  |  | 1,182 |
Goodwill |  |  | 6,542 |
Non-controlling interest |  |  | (53 | )
Total consideration transferred |  |  | 7,671 |
Amount to be paid |  |  | (147 | )
Cash acquired |  |  | (389 | )
Net cash paid |  |  | 7,135 |
Summary of Selected Income Statement for Period from Acquisition Date | The income statement information of these acquisitions for the period from the acquisition date through to December 31, 2019 is as follows:
Income Statement |  | 2019 |
Total revenues |  | Ps. | 8,594 |
Income before income taxes |  |  | 37 |
Net loss |  | Ps. | 1 |

X
- Definition Disclosure of income statement of significant associate explanatory. + References No definition available. + Details
Name: | fmx_DisclosureOfIncomeStatementOfSignificantAssociateExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of unaudited pro forma financial data. + References No definition available. + Details
Name: | fmx_DisclosureOfUnauditedProFormaFinancialDataExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | fmx_StatementLineItems
Namespace Prefix: | fmx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the analysis of the single amount of discontinued operations. [Refer: Discontinued operations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 5 -IssueDate 2019-01-01 -Paragraph 33 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=5&code=ifrs-tx-2019-en-r&anchor=para_33_b&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about business combinations. [Refer: Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2019-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2019-en-r&doctype=Appendix&subtype=B&dita_xref=IFRS03_gB64-B67_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_SignificantInvestmentsInSubsidiariesAxis=fmx_CocaColaFEMSAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BusinessCombinationsAxis=ifrs-full_AggregatedIndividuallyImmaterialBusinessCombinationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |