XML 45 R50.htm IDEA: XBRL DOCUMENT
v3.20.1

Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Statement [LineItems] |
Summary of Reconciliation of Changes in Intangible Assets and Goodwill |
|  | Rights to Produce and Distribute Coca-Cola Trademark Products |  |  | Goodwill |  |  | Trademark Rights |  |  | Other Indefinite Lived Intangible Assets |  |  | Total Unamortized Intangible Assets |  |  | Technology Costs and Management Systems |  |  | Systems in Development |  |  | Alcohol Licenses |  |  | Other |  |  | Total Amortized Intangible Assets |  |  | Total Intangible Assets |
Cost as of January 1, 2017 |  | Ps. | 85,338 |  |  | Ps. | 51,857 |  |  | Ps. | 6,225 |  |  | Ps. | 2,151 |  |  | Ps. | 145,571 |  |  | Ps. | 6,124 |  |  | Ps. | 798 |  |  | Ps. | 1,416 |  |  | Ps. | 2,338 |  |  | Ps. | 10,676 |  |  | Ps. | 156,247 |
Additions |  |  | 1,288 |  |  |  | — |  |  |  | — |  |  |  | 6 |  |  |  | 1,294 |  |  |  | 464 |  |  |  | 920 |  |  |  | 221 |  |  |  | 445 |  |  |  | 2,050 |  |  |  | 3,344 |
Acquisitions from business combinations (see Note 4) |  |  | 4,144 |  |  |  | 140 |  |  |  | 5 |  |  |  | — |  |  |  | 4,289 |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 80 |  |  |  | 86 |  |  |  | 4,375 |
Changes in fair value of past acquisitions |  |  | 5,167 |  |  |  | (7,022 | ) |  |  | 836 |  |  |  | 9 |  |  |  | (1,010 | ) |  |  | (188 | ) |  |  | — |  |  |  | — |  |  |  | 892 |  |  |  | 704 |  |  |  | (306 | )
Transfer of completed development systems |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 412 |  |  |  | (412 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 110 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 110 |  |  |  | 110 |
Effect of movements in exchange rates |  |  | (2,563 | ) |  |  | (1,526 | ) |  |  | 119 |  |  |  | 91 |  |  |  | (3,879 | ) |  |  | 175 |  |  |  | (15 | ) |  |  | — |  |  |  | 52 |  |  |  | 212 |  |  |  | (3,667 | )
Changes in value on the recognition of inflation effects |  |  | (727 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (727 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 175 |  |  |  | 175 |  |  |  | (552 | )
Venezuela deconsolidation effect |  |  | (745 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (745 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (139 | ) |  |  | (139 | ) |  |  | (884 | )
Cost as of December 31, 2017 |  | Ps. | 91,902 |  |  | Ps. | 43,449 |  |  | Ps. | 7,185 |  |  | Ps. | 2,257 |  |  | Ps. | 144,793 |  |  | Ps. | 7,103 |  |  | Ps. | 1,291 |  |  | Ps. | 1,637 |  |  | Ps. | 3,843 |  |  | Ps. | 13,874 |  |  | Ps. | 158,667 |
|  | Rights to Produce and Distribute Coca-Cola Trademark Products |  |  | Goodwill |  |  | Trademark Rights |  |  | Other Indefinite Lived Intangible Assets |  |  | Total Unamortized Intangible Assets |  |  | Technology Costs and Management Systems |  |  | Systems in Development |  |  | Alcohol Licenses |  |  | Other |  |  | Total Amortized Intangible Assets |  |  | Total Intangible Assets |
Cost as of January 1, 2018 |  | Ps. | 91,902 |  |  | Ps. | 43,449 |  |  | Ps. | 7,185 |  |  | Ps. | 2,257 |  |  | Ps. | 144,793 |  |  | Ps. | 7,103 |  |  | Ps. | 1,291 |  |  | Ps. | 1,637 |  |  | Ps. | 3,843 |  |  | Ps. | 13,874 |  |  | Ps. | 158,667 |
Additions |  |  | — |  |  |  | 75 |  |  |  | — |  |  |  | 71 |  |  |  | 146 |  |  |  | 1,051 |  |  |  | 371 |  |  |  | 131 |  |  |  | 94 |  |  |  | 1,647 |  |  |  | 1,793 |
Acquisitions from business combinations (see Note 4) |  |  | 4,602 |  |  |  | 842 |  |  |  | 170 |  |  |  | — |  |  |  | 5,614 |  |  |  | 35 |  |  |  | 57 |  |  |  | — |  |  |  | 291 |  |  |  | 383 |  |  |  | 5,997 |
Changes in fair value of past acquisitions |  |  | — |  |  |  | 272 |  |  |  | — |  |  |  | — |  |  |  | 272 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 272 |
Internal development |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 41 |  |  |  | 41 |  |  |  | 41 |
Transfer of completed development systems |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 904 |  |  |  | (904 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | (2 | ) |  |  | (43 | ) |  |  | — |  |  |  | — |  |  |  | (146 | ) |  |  | (189 | ) |  |  | (191 | )
Philippines disposal |  |  | (3,882 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,882 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (596 | ) |  |  | (596 | ) |  |  | (4,478 | )
Effect of movements in exchange rates |  |  | (5,005 | ) |  |  | (4,108 | ) |  |  | (656 | ) |  |  | (349 | ) |  |  | (10,118 | ) |  |  | (343 | ) |  |  | (38 | ) |  |  | — |  |  |  | (311 | ) |  |  | (692 | ) |  |  | (10,810 | )
Changes in value on the recognition of inflation effects |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 57 |  |  |  | 57 |  |  |  | 57 |
Cost as of December 31, 2018 |  | Ps. | 87,617 |  |  | Ps. | 40,530 |  |  | Ps. | 6,699 |  |  | Ps. | 1,977 |  |  | Ps. | 136,823 |  |  | Ps. | 8,707 |  |  | Ps. | 777 |  |  | Ps. | 1,768 |  |  | Ps. | 3,273 |  |  | Ps. | 14,525 |  |  | Ps. | 151,348 |
|  | Rights to Produce and Distribute Coca-Cola Trademark Products |  |  | Goodwill |  |  | Trademark Rights |  |  | Other Indefinite Lived Intangible Assets |  |  | Total Unamortized Intangible Assets |  |  | Technology Costs and Management Systems |  |  | Systems in Development |  |  | Alcohol Licenses |  |  | Other |  |  | Total Amortized Intangible Assets |  |  | Total Intangible Assets |
Cost as of January 1, 2019 |  | Ps. | 87,617 |  |  |  | 40,530 |  |  | Ps. | 6,699 |  |  | Ps. | 1,977 |  |  | Ps. | 136,823 |  |  | Ps. | 8,707 |  |  | Ps. | 777 |  |  | Ps. | 1,768 |  |  | Ps. | 3,273 |  |  | Ps. | 14,525 |  |  | Ps. | 151,348 |
Additions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 164 |  |  |  | 164 |  |  |  | 824 |  |  |  | 334 |  |  |  | 191 |  |  |  | 685 |  |  |  | 2,034 |  |  |  | 2,198 |
Acquisitions from business combinations (see Note 4) |  |  | — |  |  |  | 6,542 |  |  |  | 469 |  |  |  | — |  |  |  | 7,011 |  |  |  | 759 |  |  |  | — |  |  |  | — |  |  |  | 12 |  |  |  | 771 |  |  |  | 7,782 |
Changes in the fair value of past acquisitions |  |  | (2,887 | ) |  |  | 2,903 |  |  |  | — |  |  |  | 153 |  |  |  | 169 |  |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | (185 | ) |  |  | (191 | ) |  |  | (22 | )
Transfer of completed development systems |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 412 |  |  |  | (413 | ) |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
Disposals |  |  | — |  |  |  | — |  |  |  | (48 | ) |  |  | — |  |  |  | (48 | ) |  |  | (580 | ) |  |  | — |  |  |  | (130 | ) |  |  | — |  |  |  | (710 | ) |  |  | (758 | )
Effect of movements in exchange rates |  |  | (3,475 | ) |  |  | (2,069 | ) |  |  | (520 | ) |  |  | (134 | ) |  |  | (6,198 | ) |  |  | (553 | ) |  |  | (23 | ) |  |  | — |  |  |  | (337 | ) |  |  | (913 | ) |  |  | (7,111 | )
Changes in value on the recognition of inflation effects |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6 | ) |  |  | (6 | ) |  |  | (6 | )
Cost as of December 31, 2019 |  | Ps. | 81,255 |  |  | Ps. | 47,906 |  |  | Ps. | 6,600 |  |  | Ps. | 2,160 |  |  | Ps. | 137,921 |  |  | Ps. | 9,563 |  |  | Ps. | 675 |  |  | Ps. | 1,829 |  |  | Ps. | 3,443 |  |  | Ps. | 15,510 |  |  | Ps. | 153,431 |
Amortization and Impairment Losses |  | Rights to Produce and Distribute Coca-Cola Trademark Products |  |  | Goodwill |  |  | Trademark Rights |  |  | Other Indefinite Lived Intangible Assets |  |  | Total Unamortized Intangible Assets |  |  | Technology Costs and Management Systems |  |  | Systems in Development |  |  | Alcohol Licenses |  |  | Other |  |  | Total Amortized Intangible Assets |  |  | Total Intangible Assets |
Amortization as of January 1, 2017 |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | (1,937 | ) |  | Ps. | — |  |  | Ps. | (376 | ) |  | Ps. | (666 | ) |  | Ps. | (2,979 | ) |  | Ps. | (2,979 | )
Amortization expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (961 | ) |  |  | — |  |  |  | (81 | ) |  |  | (217 | ) |  |  | (1,259 | ) |  |  | (1,259 | )
Impairment losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (110 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (110 | ) |  |  | (110 | )
Venezuela deconsolidation effect |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (120 | ) |  |  | (120 | ) |  |  | (120 | )
Effect of movements in exchange rates |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (254 | ) |  |  | — |  |  |  | — |  |  |  | 148 |  |  |  | (106 | ) |  |  | (106 | )
Amortization as of December 31, 2017 |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | (3,262 | ) |  | Ps. | — |  |  | Ps. | (457 | ) |  | Ps. | (855 | ) |  | Ps. | (4,574 | ) |  | Ps. | (4,574 | )
Amortization as of January 1, 2018 |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | (3,262 | ) |  | Ps. | — |  |  | Ps. | (457 | ) |  | Ps. | (855 | ) |  | Ps. | (4,574 | ) |  | Ps. | (4,574 | )
Amortization expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,453 | ) |  |  | — |  |  |  | (87 | ) |  |  | (373 | ) |  |  | (1,913 | ) |  |  | (1,913 | )
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 93 |  |  |  | — |  |  |  | — |  |  |  | 98 |  |  |  | 191 |  |  |  | 191 |
Philippines disposal |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 375 |  |  |  | 375 |  |  |  | 375 |
Effect of movements in exchange rates |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 236 |  |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | 235 |  |  |  | 235 |
Changes in value on the recognition of inflation effects |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (51 | ) |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (52 | ) |  |  | (52 | )
Amortization as of December 31, 2018 |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | (4,437 | ) |  | Ps. | — |  |  | Ps. | (544 | ) |  | Ps. | (757 | ) |  | Ps. | (5,738 | ) |  | Ps. | (5,738 | )
Amortization as of January 1, 2019 |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | (4,437 | ) |  | Ps. | — |  |  | Ps. | (544 | ) |  | Ps. | (757 | ) |  | Ps. | (5,738 | ) |  | Ps. | (5,738 | )
Amortization expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,351 | ) |  |  | — |  |  |  | (123 | ) |  |  | (337 | ) |  |  | (1,811 | ) |  |  | (1,811 | )
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 445 |  |  |  | — |  |  |  | 30 |  |  |  | — |  |  |  | 475 |  |  |  | 475 |
Effect of movements in exchange rates |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 165 |  |  |  | — |  |  |  | — |  |  |  | 68 |  |  |  | 233 |  |  |  | 233 |
Changes in value on the recognition of inflation effects |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (29 | ) |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | (28 | ) |  |  | (28 | )
Amortization as of December 31, 2019 |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. — |  |  |  | Ps. | (5,207 | ) |  | Ps. | — |  |  | Ps. | (637 | ) |  | Ps. | (1,025 | ) |  | Ps. | (6,869 | ) |  | Ps. | (6,869 | )
Carrying Amount |  | Rights to Produce and Distribute Coca-Cola Trademark Products |  |  | Goodwill |  |  | Trademark Rights |  |  | Other Indefinite Lived Intangible Assets |  |  | Total Unamortized Intangible Assets |  |  | Technology Costs and Management Systems |  |  | Systems in Development |  |  | Alcohol Licenses |  |  | Other |  |  | Total Amortized Intangible Assets |  |  | Total Intangible Assets |
As of December 31, 2017 |  | Ps. | 91,902 |  |  | Ps. | 43,449 |  |  | Ps. | 7,185 |  |  | Ps. | 2,257 |  |  | Ps. | 144,793 |  |  | Ps. | 3,841 |  |  | Ps. | 1,291 |  |  | Ps. | 1,180 |  |  | Ps. | 2,988 |  |  | Ps. | 9,300 |  |  | Ps. | 154,093 |
As of December 31, 2018 |  | Ps. | 87,617 |  |  | Ps. | 40,530 |  |  | Ps. | 6,699 |  |  | Ps. | 1,977 |  |  | Ps. | 136,823 |  |  |  | Ps. 4,270 |  |  | Ps. | 777 |  |  |  | Ps.1,224 |  |  |  | Ps.2,516 |  |  | Ps. | 8,787 |  |  | Ps. | 145,610 |
As of December 31, 2019 |  | Ps. | 81,255 |  |  | Ps. | 47,906 |  |  | Ps. | 6,600 |  |  | Ps. | 2,160 |  |  | Ps. | 137,921 |  |  |  | Ps. 4,356 |  |  | Ps. | 675 |  |  |  | Ps.1,192 |  |  |  | Ps.2,418 |  |  | Ps. | 8,641 |  |  | Ps. | 146,562 |
Schedule of Allocation of Amortization Expenses | For the years ended 2019, 2018 and 2017, allocation for amortization expense is as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Cost of goods sold |  | Ps. | 317 |  |  | Ps. | 399 |  |  | Ps. | 132 |
Administrative expenses |  |  | 953 |  |  |  | 858 |  |  |  | 627 |
Selling expenses |  |  | 542 |  |  |  | 656 |  |  |  | 500 |
|  | Ps. | 1,812 |  |  | Ps. | 1,913 |  |  | Ps. | 1,259 |
Summary of Average Remaining Period for Company's Intangible Assets Subject to Amortization | The average remaining period for the Company’s intangible assets that are subject to amortization is as follows:
|  | Years |
Technology Costs and Management Systems |  |  | 3 - 10 |
Alcohol Licenses |  |  | 12 - 15 |
Disclosure of Aggregate Carrying Amounts of Goodwill and Distribution Rights Allocated to Each CGU | The aggregate carrying amounts of goodwill and distribution rights allocated to each CGU are as follows:
|  | December 31, 2019 |  |  | December 31, 2018 |
Mexico |  | Ps. | 56,352 |  |  | Ps. | 56,352 |
Guatemala |  |  | 1,679 |  |  |  | 1,853 |
Nicaragua |  |  | 420 |  |  |  | 460 |
Costa Rica |  |  | 1,442 |  |  |  | 1,417 |
Panama |  |  | 1,131 |  |  |  | 1,182 |
Colombia |  |  | 4,367 |  |  |  | 4,600 |
Brazil |  |  | 38,765 |  |  |  | 42,153 |
Argentina |  |  | 306 |  |  |  | 327 |
Uruguay |  |  | 2,626 |  |  |  | 3,003 |
Total |  | Ps. | 107,088 |  |  | Ps. | 111,347 |
Details of Key Assumptions by CGU for Impairment Test | The key assumptions by CGU for impairment test as of December 31, 2019 were as follows:
CGU |  | Pre-tax WACC |  |  | Post-tax WACC |  |  | Expected Annual Long-Term Inflation 2020-2029 |  |  | Expected Volume Growth Rates 2020-2029 |
Mexico |  |  | 7.3 | % |  |  | 5.2 | % |  |  | 3.5 | % |  |  | 0.7 | %
Colombia |  |  | 8.9 | % |  |  | 6.2 | % |  |  | 3.1 | % |  |  | 4.0 | %
Costa Rica |  |  | 13.8 | % |  |  | 9.7 | % |  |  | 2.2 | % |  |  | 2.1 | %
Guatemala |  |  | 9.1 | % |  |  | 7.1 | % |  |  | 4.0 | % |  |  | 8.5 | %
Nicaragua |  |  | 21.1 | % |  |  | 12.4 | % |  |  | 4.4 | % |  |  | 3.0 | %
Panamá |  |  | 8.5 | % |  |  | 6.6 | % |  |  | 2.0 | % |  |  | 5.4 | %
Argentina |  |  | 21.6 | % |  |  | 14.8 | % |  |  | 39.2 | % |  |  | 3.7 | %
Brazil |  |  | 9.3 | % |  |  | 5.6 | % |  |  | 3.6 | % |  |  | 2.0 | %
Uruguay |  |  | 9.4 | % |  |  | 6.8 | % |  |  | 7.4 | % |  |  | 2.0 | %
The key assumptions by CGU for impairment test as of December 31, 2018 were as follows:
CGU |  | Pre-tax WACC |  |  | Post-tax WACC |  |  | Expected Annual Long-Term Inflation 2019-2028 |  |  | Expected Volume Growth Rates 2019-2028 |
Mexico |  |  | 7.4 | % |  |  | 5.3 | % |  |  | 4.0 | % |  |  | 1.4 | %
Colombia |  |  | 7.8 | % |  |  | 5.2 | % |  |  | 3.1 | % |  |  | 4.0 | %
Costa Rica |  |  | 13.9 | % |  |  | 9.2 | % |  |  | 4.0 | % |  |  | 1.6 | %
Guatemala |  |  | 9.4 | % |  |  | 7.5 | % |  |  | 3.2 | % |  |  | 7.3 | %
Nicaragua |  |  | 21.2 | % |  |  | 11.0 | % |  |  | 6.2 | % |  |  | 3.8 | %
Panama |  |  | 9.2 | % |  |  | 7.0 | % |  |  | 2.4 | % |  |  | 3.0 | %
Argentina |  |  | 19.6 | % |  |  | 11.3 | % |  |  | 21.9 | % |  |  | 2.7 | %
Brazil |  |  | 10.7 | % |  |  | 6.6 | % |  |  | 3.8 | % |  |  | 1.7 | %
Disclosure of Detailed Information About Sensitivity to Changes in Assumptions |
|  |  |  |  | Change in Volume |  |  |  |
CGU |  | Change in WACC |  |  | Growth CAGR (1) |  |  | Effect on Valuation |
Mexico |  |  | +0.4 | % |  |  | -1.0 | % |  |  | Passes by 4.9x |
Colombia |  |  | +0.3 | % |  |  | -1.0 | % |  |  | Passes by 4.7x |
Costa Rica |  |  | +0.8 | % |  |  | -1.0 | % |  |  | Passes by 3.4x |
Guatemala |  |  | +0.4 | % |  |  | -1.0 | % |  |  | Passes by 38.5x |
Nicaragua |  |  | +1.4 | % |  |  | -1.0 | % |  |  | Passes by 1.1x |
Panamá |  |  | +0.2 | % |  |  | -1.0 | % |  |  | Passes by 9.7x |
Argentina |  |  | +1.9 | % |  |  | -1.0 | % |  |  | Passes by 13.9x |
Brazil |  |  | +0.5 | % |  |  | -1.0 | % |  |  | Passes by 1.6x |
Uruguay |  |  | +0.3 | % |  |  | -1.0 | % |  |  | Passes by 3x |
(1) | Compound Annual Growth Rate (“CAGR”).
FEMSA Comercio - Health Division [member] |
Statement [LineItems] |
Details of Key Assumptions by CGU for Impairment Test | The key assumptions by CGU for impairment test as of December 31, 2019 were as follows:
CGU |  | Pre-tax WACC |  |  | Post-tax WACC |  |  | Expected Annual Long-Term Inflation 2020-2029 |  |  | Expected Volume Growth Rates 2020-2029 |
South America (FEMSA Comercio – Health Division) |  |  | 9.4 | % |  |  | 6.6 | % |  |  | 3.0 | % |  |  | 0.3 | %
The key assumptions by CGU for impairment test as of December 31, 2018 were as follows:
CGU |  | Pre-tax WACC |  |  | Post-tax WACC |  |  | Expected Annual Long-Term Inflation 2019-2028 |  |  | Expected Volume Growth Rates 2019-2028 |
South America (FEMSA Comercio – Health Division) |  |  | 9.0 | % |  |  | 6.3 | % |  |  | 3.0 | % |  |  | 0.4 | %
Disclosure of Detailed Information About Sensitivity to Changes in Assumptions |
|  |  |  |  | Change in Sales |  |  |  |
CGU |  | Change in WACC |  |  | Growth CAGR (1) |  |  | Effect on Valuation |
FEMSA Comercio – Health Division (South America) |  |  | +0.2 | % |  |  | -0.5 | % |  |  | Passes by 1.34x |
(1) | Compound Annual Growth Rate.

X
- Definition Disclosure of allocation of amortisation expenses. + References No definition available. + Details
Name: | fmx_DisclosureOfAllocationOfAmortisationExpensesExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about key assumptions by CGU for impairment test. + References No definition available. + Details
Name: | fmx_DisclosureOfDetailedInformationAboutKeyAssumptionsByCguForImpairmentTestExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about sensitivity to changes in assumptions. + References No definition available. + Details
Name: | fmx_DisclosureOfDetailedInformationAboutSensitivityToChangesInAssumptionsExplanatory
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 detailed information about intangible assets. [Refer: Intangible assets other than goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2019-01-01 -Paragraph 118 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2019-en-r&anchor=para_118&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information for cash-generating units. [Refer: Cash-generating units [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2019-01-01 -Paragraph 134 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=36&code=ifrs-tx-2019-en-r&anchor=para_134&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2019-01-01 -Paragraph 118 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2019-en-r&anchor=para_118&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=fmx_HealthDivisionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |