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Balances and Transactions with Related Parties and Affiliated Companies | 12 Months Ended
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Dec. 31, 2020
IFRS Text Block [Abstract] |
Balances and Transactions with Related Parties and Affiliated Companies | Note 15. Balances and Transactions with Related Parties and Affiliated Companies Balances and transactions between the Company and its subsidiaries have been eliminated on consolidation and are not disclosed in this note. The consolidated statements of financial position and consolidated income statements include the following balances and transactions with related parties and affiliated companies:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Balances |  |  |  |  |  |
Due from The Coca-Cola Company (see Note 7) (1) (8) |  | Ps. | 509 |  | Ps. | 802
Balance with BBVA Bancomer, S.A. de C.V. (2) |  |  | 1,092 |  |  | 6,798
Balance with Grupo Scotiabank Inverlat, S.A. (3) |  |  | 2,016 |  |  | 510
Due from Heineken Group (1) (3) (7) |  |  | 2,512 |  |  | 2,915
Other receivables (1) (4) |  |  | 746 |  |  | 390
Due to The Coca-Cola Company (5) (6) (8) |  | Ps. | 3,513 |  | Ps. | 4,417
Due to BBVA Bancomer, S.A. de C.V. (5) |  |  | 1,062 |  |  | 1,696
Due to Heineken Group (6) (7) |  |  | 3,273 |  |  | 4,308
Due to Grupo Financiero Scotiabank Inverlat, S.A. (5) |  |  | 105 |  |  | 104
Other payables (6) |  |  | 2,060 |  |  | 2,003
| (1) |  | Presented within accounts receivable.
| (2) |  | Presented within cash and cash equivalents.
| (3) |  | Presented within other financial assets.
| (4) |  | Presented within other current financial assets.
| (5) |  | Recorded within bank loans and notes payable.
| (6) |  | Recorded within accounts payable.
| (7) |  | Associates.
| (8) |  | Non-controlling interest.
Balances due from related parties are considered to be recoverable. Accordingly, for the years ended December 31, 2020, 2019 and 2018, there was no expense resulting from uncollectible balances due from related parties.
Transactions |  | 2020 |  | 2019 |  | 2018
Income: |  |  |  |  |  |  |  |  |
Services to Heineken Group (1) |  | Ps. | 3,181 |  | Ps. | 3,380 |  | Ps. | 3,265
Logistic services to Grupo Industrial Saltillo, S.A. de C.V. (3) |  |  | — |  |  | — |  |  | 255
Logistic services to Jugos del Valle (1) |  |  | 532 |  |  | 553 |  |  | 369
Interest revenues from BBVA Bancomer, S.A. de C.V. (3) |  |  | 1,825 |  |  | 1,456 |  |  | 1,469
Interest revenues from Grupo Financiero Scotiabank Inverlat, S.A. (3) |  |  | 295 |  |  | 447 |  |  | ––
Other revenues from related parties |  |  | 764 |  |  | 404 |  |  | 242
Expenses: |  |  |  |  |  |  |  |  |
Purchase of concentrate from The Coca-Cola Company (2) |  | Ps. | 32,222 |  | Ps. | 34,063 |  | Ps. | 32,379
Purchases of beer from Heineken Group (1) (5) |  |  | 23,233 |  |  | 25,215 |  |  | 27,999
Purchase of baked goods and snacks from Grupo Bimbo, S.A.B. de C.V. (3) |  |  | 5,774 |  |  | 6,194 |  |  | 5,763
Advertisement expense paid to The Coca-Cola Company (2) (4) |  |  | 865 |  |  | 1,756 |  |  | 2,193
Purchase of juices from Jugos del Valle, S.A.P.I. de C.V. (1) |  |  | 4,055 |  |  | 4,477 |  |  | 4,537
Purchase of sugar from Promotora Industrial Azucarera, S.A. de C.V. (1) |  |  | 2,123 |  |  | 2,728 |  |  | 2,604
Interest expense and fees paid to BBVA Bancomer, S.A. de C.V. (3) |  |  | 232 |  |  | 144 |  |  | 230
Purchase of sugar from Beta San Miguel (3) |  |  | 1,023 |  |  | 655 |  |  | 651
Purchase of sugar, cans and aluminum lids from Promotora Mexicana de Embotelladores, S.A. de C.V. (3) |  |  | — |  |  | — |  |  | 739
Purchase of canned products from IEQSA (1) |  |  | 226 |  |  | 682 |  |  | 596
Purchases to AdeS Alimentos y Bebidas(1) |  |  | 338 |  |  | 497 |  |  | 592
Purchase of inventories to Leao Alimentos e Bebidas, L.T.D.A. (1) |  |  | 1,253 |  |  | 1,867 |  |  | 2,654
Purchases of Material with Ecolab, Inc (3) |  |  | 340 |  |  | — |  |  | —
Advertising paid to Grupo Televisa, S.A.B. (3) |  |  | 148 |  |  | 115 |  |  | 113
Insurance premiums for policies with Grupo Nacional Provincial, S.A.B. (3) |  |  | 7 |  |  | — |  |  | 12
Donations to Fundación FEMSA, A.C. (3) |  |  | 171 |  |  | 195 |  |  | 232
Donations to Difusión y Fomento Cultural, A.C. (3) |  |  | 55 |  |  | 61 |  |  | 63
Donations to ITESM (3) |  |  | 310 |  |  | 215 |  |  | 192
Other expenses with related parties |  |  | 619 |  |  | 319 |  |  | 423
| (1) |  | Associates.
| (2) |  | Non-controlling interest.
| (3) |  | Members of the board of directors in FEMSA participate in the board of directors of this entity.
| (4) |  | Net of the contributions from The Coca-Cola Company of Ps. 1,482, Ps. 2,274 and Ps. 3,542, for the years ended in 2020, 2019 and 2018, respectively.
| (5) |  | Favorable resolution of Arbitration in Brazil on October 31, 2019, the arbitration tribunal in charge of the arbitration proceeding between Coca-Cola FEMSA and Cervejarias Kaiser Brasil, S.A., a subsidiary of Heineken, N.V. (“Kaiser”), issued an award confirming that the distribution agreement pursuant to which Coca-Cola FEMSA distribute Kaiser’s portfolio in the country, including Heineken beer, shall continue in full force and effect through March 19, 2022.
Commitments with related parties
Related Party |  | Commitment |  | Conditions
Heineken Group |  | Supply |  | Supply of all beer products in Mexico’s OXXO stores. The contract may be renewed for five years or additional periods. At the end of the contract OXXO will not hold exclusive contract with another supplier of beer for the next 3 years. Commitment term, January 1 st, 2010 to June 30, 2020.
On February 26, 2019, the Company through its subsidiary Cadena Comercial OXXO, S.A. de C.V. (“OXXO”) signed an agreement with HEINEKEN Group (“Cervezas Cuauhtémoc Moctezuma, S.A. de C.V.”) and both companies agreed to an extension of their existing commercial relationship with certain important changes. Under the terms of the agreement, signed in April 2019 and following a gradual process, OXXO started selling the beer brands of Grupo Modelo in certain regions of Mexico, covering the entire Mexican territory by the end of 2022. The aggregate compensation paid to executive officers and senior management of the Company were as follows:
|  | 2020 |  | 2019 |  | 2018
Short-term employee benefits paid |  | Ps. | 2,112 |  | Ps. | 2,163 |  | Ps. | 1,885
Postemployment benefits |  |  | 45 |  |  | 48 |  |  | 37
Termination benefits |  |  | 373 |  |  | 411 |  |  | 88
Share based payments |  |  | 575 |  |  | 610 |  |  | 401

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