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Revenues | 12 Months Ended
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Dec. 31, 2019
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Revenues | Note 28. Revenues 28.1 Nature of goods sold and services The information sets below described the core activities of the business units from which the Company generates its revenues. According to the standard, the performance obligation for the Company’s business units are satisfied in a point in time that the control of good and services are totally transferred to the customers. For detail information about business segments, see Note 27.
Segment |  | Product or Service |  | Nature, timing to fulfill the performance obligation and significant payment terms
Coca-Cola FEMSA |  | Beverages sales |  | Includes the delivery of beverages to customers and wholesalers. The transaction prices are assigned to each product on sale based on its own sale price separately, net of promotions and discounts. The performance obligation is satisfied at the point in time the product on sale is delivered to the customer.
| Services revenues |  | Includes the rendering of manufacturing services, logistic and administrative services. The transaction prices are assigned to each product on sale based on its own sale price if sold separately. The performance obligation is satisfied at the point in time the product on sale is delivered to the customer.
FEMSA Comercio – Proximity Division |  | Products sales |  | Operates the largest chain of small-format stores in Mexico and Latin America including as some of its principal products as beers, cigarettes, sodas, other beverages and snacks. The performance obligation is satisfied at the time of the sale or at the moment the control of the product is transferred and the payment is made by the customer.
| Commercial revenues |  | Includes mainly the commercialization of spaces into within stores, and revenues related to promotions and financial services. The performance obligation is satisfied at the point in time the service is render to the customer.
FEMSA Comercio – Health Division |  | Product sales |  | The core products include patent and generic formulas of medicines, beauty products, medical supplements, housing and personnel care products. The performance obligation is satisfied at the point in time of the sale or at the moment the control of the product is transferred to the customer.
| Services revenues |  | Rending of services adding value as financial institutions, medical consultation and some financial services. The performance obligation is satisfied at the point in time of the rendering or the control is transferred to the customer.
FEMSA Comercio – Fuel Division |  | Services revenues |  | The core products are sold in the retail service stations as fuels, diesel, motor oils and other car care products. The performance obligation is satisfied at the point in time on sale and/or the control is transferred to the customer.
Others |  | Integral logistic services |  | Rendering a wide range of logistic services and maintenance of vehicles to subsidiaries and customers. The operations are on a daily, monthly or based upon the customer request. The revenue is recognized progressively during the time the service is rendered in a period no greater than a month.
| Production and sale of commercial refrigeration, plastic solutions and sale of equipment for food processing. |  | Involves the production, commercialization of refrigerators including its delivery and installation and offering of integral maintenance services at the point of sale. Design, manufacturing and recycling of plastic products. In addition, it includes the sale of equipment for food processing, storage and weighing. The revenue recognition is performed at the time in which the corresponding installation is concluded. The recognition of other business lines is performed at the point of sale or in time the control of the product is transferred to the customer.
28.2 Disaggregation of revenue The information sets below described the disaggregation of revenue by geographic area, business unit and products and services categories in which the Company operates. The timing in which the revenues is recognized by the business units in the Company, is the point in the time in which control of goods and services is transferred in its entirely to the customer.
|  | Coca-Cola FEMSA |  |  | FEMSA Comercio – Proximity Division |  |  | FEMSA Comercio – Health Division |  |  | FEMSA Comercio – Fuel Division |  |  | Other Segments |  |  | Total |
|  | 2019 |  |  | 2018 (1) |  |  | 2017 |  |  | 2019 |  |  | 2018 (1) |  |  | 2017 |  |  | 2019 |  |  | 2018 (1) |  |  | 2017 |  |  | 2019 |  |  | 2018 (1) |  |  | 2017 |  |  | 2019 |  |  | 2018 (1) |  |  | 2017 |  |  | 2019 |  |  | 2018 (1) |  |  | 2017 |
By geographic areas: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mexico and Central America (2) |  | Ps. | 109,249 |  |  | Ps. | 100,162 |  |  | Ps. | 92,643 |  |  | Ps. | 182,864 |  |  | Ps. | 166,040 |  |  | Ps. | 148,652 |  |  | Ps. | 8,170 |  |  | Ps. | 7,898 |  |  | Ps. | 7,359 |  |  | Ps. | 47,852 |  |  | Ps. | 46,936 |  |  | Ps. | 38,388 |  |  | Ps. | 32,217 |  |  | Ps. | 31,918 |  |  | Ps. | 29,211 |  |  | Ps. | 380,352 |  |  | Ps. | 352,954 |  |  | Ps. | 316,253 |
South America (3) |  |  | 85,223 |  |  |  | 82,180 |  |  |  | 86,608 |  |  |  | 1,946 |  |  |  | 1,418 |  |  |  | 1,181 |  |  |  | 50,752 |  |  |  | 43,841 |  |  |  | 40,062 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,552 |  |  |  | 10,350 |  |  |  | 10,467 |  |  |  | 147,473 |  |  |  | 137,789 |  |  |  | 138,318 |
Venezuela |  |  | — |  |  |  | — |  |  |  | 4,005 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18 |  |  |  | 25 |  |  |  | 54 |  |  |  | 18 |  |  |  | 25 |  |  |  | 4,059 |
Total revenues |  |  | 194,472 |  |  |  | 182,342 |  |  |  | 183,256 |  |  |  | 184,810 |  |  |  | 167,458 |  |  |  | 149,833 |  |  |  | 58,922 |  |  |  | 51,739 |  |  |  | 47,421 |  |  |  | 47,852 |  |  |  | 46,936 |  |  |  | 38,388 |  |  |  | 41,787 |  |  |  | 42,293 |  |  |  | 39,732 |  |  |  | 527,843 |  |  |  | 490,768 |  |  |  | 458,630 |
Consolidation adjustments |  |  | 5,688 |  |  |  | 5,160 |  |  |  | 4,678 |  |  |  | 325 |  |  |  | 290 |  |  |  | 202 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | 15,108 |  |  |  | 15,574 |  |  |  | 13,818 |  |  |  | 21,132 |  |  |  | 21,024 |  |  |  | 18,698 |
Consolidated revenues |  |  | 188,784 |  |  |  | 177,182 |  |  |  | 178,578 |  |  |  | 184,485 |  |  |  | 167,168 |  |  |  | 149,632 |  |  |  | 58,922 |  |  |  | 51,739 |  |  |  | 47,421 |  |  |  | 47,841 |  |  |  | 46,936 |  |  |  | 38,388 |  |  |  | 26,679 |  |  |  | 26,719 |  |  |  | 25,913 |  |  |  | 506,711 |  |  |  | 469,744 |  |  |  | 439,932 |
By products and/or services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products sold in the point-of-sale |  | Ps. | 194,472 |  |  | Ps. | 182,342 |  |  | Ps. | 183,256 |  |  | Ps. | 184,810 |  |  | Ps | 167,458 |  |  | Ps. | 149,834 |  |  | Ps. | 58,922 |  |  | Ps. | 51,739 |  |  | Ps. | 47,421 |  |  | Ps. | 47,852 |  |  | Ps. | 46,936 |  |  | Ps. | 38,388 |  |  | Ps. | 13,198 |  |  | Ps. | 13,240 |  |  | Ps. | 12,667 |  |  | Ps. | 499,254 |  |  | Ps. | 461,715 |  |  | Ps. | 431,566 |
Services revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 28,589 |  |  |  | 29,053 |  |  |  | 27,064 |  |  |  | 28,589 |  |  |  | 29,053 |  |  |  | 27,064 |
Consolidation adjustments |  |  | 5,688 |  |  |  | 5,160 |  |  |  | 4,678 |  |  |  | 325 |  |  |  | 290 |  |  |  | 202 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | 15,108 |  |  |  | 15,574 |  |  |  | 13,818 |  |  |  | 21,132 |  |  |  | 21,024 |  |  |  | 18,698 |
Consolidated revenues |  |  | 188,784 |  |  |  | 177,182 |  |  |  | 178,578 |  |  |  | 184,485 |  |  |  | 167,168 |  |  |  | 149,632 |  |  |  | 58,922 |  |  |  | 51,739 |  |  |  | 47,421 |  |  |  | 47,841 |  |  |  | 46,936 |  |  |  | 38,388 |  |  |  | 26,679 |  |  |  | 26,719 |  |  |  | 25,913 |  |  |  | 506,711 |  |  |  | 469,744 |  |  |  | 439,932 |
(1) | For IFRS 15 adoption purposes, the Company applies the modified retrospective method in which no comparative information is restated for previous periods. The Company recognized no adjustment as a result of adopting IFRS 15.
(2) | Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 346,659, Ps. 319,792 and Ps. 288,783 and during the years ended December 31, 2019, 2018 and 2017, respectively.
(3) | South America includes Brazil, Argentina, Colombia, Chile, Uruguay, Ecuador and Venezuela, although Venezuela is shown separately above for 2017. South America revenues include Brazilian revenues of Ps. 67,076, Ps. 63,601 and Ps. 64,345 during the years ended December 31, 2019, 2018 and 2017, respectively. South America revenues include Colombia revenues of Ps. 16,440, Ps. 19,245 and Ps. 17,545 during the years ended December 31, 2019, 2018 and 2017, respectively. South America revenues include Argentina revenues of Ps. 6,857, Ps. 9,237 and Ps. 13,938 during the years ended December 31, 2019, 2018 and 2017, respectively. South America revenues include Chile revenues of Ps. 45,276, Ps. 44,576 and Ps. 40,660 during the years ended December 31, 2019, 2018 and 2017, respectively. South America revenues include Uruguay revenue of Ps. 3,421 and Ps. 1,925 during the years ended in December 31, 2019 and 2018, respectively. South America revenues include Ecuador revenue of Ps. 6,539 during the year ended in December 31, 2019.
28.3 Contract balances As of December 31, 2019, no significant cost was identified incurred to obtain or accomplished a contract that might be capitalized as assets. No significant contacts have been entered into for which the Company has not performed all the obligations as well as additional costs associate to it. 28.4 Transaction price assigned to remained performance obligations No performance obligations were identified in customer contracts that are not included in the transaction price, as a result of identified variable considerations per each business unit are part of the transaction price through be consider highly probable that not occurs a significant reversion of the revenue amount.

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