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Information by Segment | 12 Months Ended
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Dec. 31, 2020
IFRS Text Block [Abstract] |
Information by Segment | Note 27. Information by Segment The information by segment is presented considering the Company’s business units (as defined in Note 1) based on its products and services, which is consistent with the internal reporting presented to the Chief Operating Decision Maker. A segment is a component of the Company that engages in business activities from which it earns revenues, and incurs the related costs and expenses, including revenues, costs and expenses that relate to transactions with any of Company’s other components. All segments’ operating results are reviewed regularly by the Chief Operating Decision Maker, who makes decisions about the resources that would be allocated to the segment and to assess its performance, and for which financial information is available. In 2018, FEMSA made a change to the disclosure related to the businesses segments formerly named as FEMSA Comercio’s “Retail Division” by removing those operations that are not directly related to Proximity store business, including restaurant and discount retail units, from this segment. The business segment is now named the FEMSA Comercio – “Proximity Division” and only includes Proximity and Proximity‐related operations, most of which operate today under the OXXO brand across markets. The removed operations are included in “Other.” Inter-segment transfers or transactions are entered into and presented under accounting policies of each segment, which are the same to those applied by the Company. Intercompany operations are eliminated and presented within the consolidation adjustment column included in the tables below.
| a) |  | By Business Unit:
|  |  |  |  | FEMSA |  | FEMSA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Comercio – |  | Comercio – |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Coca-Cola |  | Proximity |  | Health |  | FEMSA Comercio – |  | Heineken |  |  |  |  | Consolidation |  |  |
2020 |  | FEMSA |  | Division |  | Division |  | Fuel Division |  | Investment |  | Other (1) |  | Adjustments |  | Consolidated
Total revenues |  | Ps. | 183,615 |  | Ps. | 181,277 |  | Ps. | 65,172 |  | Ps. | 34,292 |  | Ps. | — |  | Ps. | 49,414 |  | Ps. | (20,804) |  | Ps. | 492,966
Intercompany revenue |  |  | 5,016 |  |  | 451 |  |  | — |  |  | 9 |  |  | — |  |  | 15,328 |  |  | (20,804) |  |  | —
Gross profit |  |  | 82,811 |  |  | 74,296 |  |  | 19,575 |  |  | 4,300 |  |  | — |  |  | 13,823 |  |  | (5,152) |  |  | 189,653
Administrative expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,988
Selling expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 123,405
Other income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,343
Other expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,381
Interest expense |  |  | 7,894 |  |  | 5,932 |  |  | 1,540 |  |  | 1,099 |  |  | — |  |  | 4,773 |  |  | (3,722) |  |  | 17,516
Interest income |  |  | 1,048 |  |  | 388 |  |  | 162 |  |  | 40 |  |  | 61 |  |  | 4,123 |  |  | (3,722) |  |  | 2,100
Other net finance loss (3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 505
Income before income taxes and share of the profit of equity accounted investees |  |  | 16,077 |  |  | 6,409 |  |  | 753 |  |  | (224) |  |  | 48 |  |  | (4,237) |  |  | 485 |  |  | 19,311
Income taxes |  |  | 5,428 |  |  | (280) |  |  | 243 |  |  | (29) |  |  | 12 |  |  | 9,445 |  |  | — |  |  | 14,819
Share of the profit of equity accounted investees, net of tax |  |  | (281) |  |  | (18) |  |  | — |  |  | — |  |  | (434) |  |  | (3) |  |  | — |  |  | (736)
Net income from continuing operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,756
Consolidated net income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,756
Depreciation and amortization (2) |  |  | 10,608 |  |  | 10,574 |  |  | 3,543 |  |  | 865 |  |  | — |  |  | 2,562 |  |  | (103) |  |  | 28,049
Non-cash items other than depreciation and amortization |  |  | 1,494 |  |  | 739 |  |  | 28 |  |  | 22 |  |  | — |  |  | 138 |  |  | — |  |  | 2,421
Investments in equity accounted investees |  |  | 7,623 |  |  | 3,102 |  |  | — |  |  | — |  |  | 87,291 |  |  | 254 |  |  | — |  |  | 98,270
Total assets |  |  | 263,066 |  |  | 121,200 |  |  | 60,107 |  |  | 15,878 |  |  | 92,444 |  |  | 191,207 |  |  | (59,054) |  |  | 684,848
Total liabilities |  |  | 140,609 |  |  | 104,141 |  |  | 46,038 |  |  | 14,257 |  |  | 4,011 |  |  | 127,426 |  |  | (58,821) |  |  | 377,661
Investments in fixed assets (4) |  |  | 10,354 |  |  | 6,907 |  |  | 1,694 |  |  | 549 |  |  | — |  |  | 1,533 |  |  | (144) |  |  | 20,893
| (1) |  | Includes other companies and corporate (see Note 1).
| (2) |  | Includes bottle breakage.
| (3) |  | Includes foreign exchange gain, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.
| (4) |  | Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.
|  |  |  |  | FEMSA |  | FEMSA |  | FEMSA |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Comercio – |  | Comercio – |  | Comercio – |  |  |  |  |  |  |  |  |  |  |  |
|  | Coca-Cola |  | Proximity |  | Health |  | Fuel |  | Heineken |  |  |  |  | Consolidation |  |  |
2019 |  | FEMSA |  | Division |  | Division |  | Division |  | Investment |  | Other (1) |  | Adjustments |  | Consolidated
Total revenues |  | Ps. | 194,471 |  | Ps. | 184,810 |  | Ps. | 58,922 |  | Ps. | 47,852 |  | Ps. | — |  | Ps. | 41,788 |  | Ps. | (21,132) |  | Ps. | 506,711
Intercompany revenue |  |  | 5,688 |  |  | 325 |  |  | — |  |  | 11 |  |  | — |  |  | 15,108 |  |  | (21,132) |  |  | —
Gross profit |  |  | 87,507 |  |  | 75,099 |  |  | 17,645 |  |  | 4,775 |  |  | — |  |  | 11,551 |  |  | (5,096) |  |  | 191,481
Administrative expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,930
Selling expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 121,871
Other income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,013
Other expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,905
Interest expense |  |  | 6,904 |  |  | 5,733 |  |  | 1,226 |  |  | 1,175 |  |  | 1 |  |  | 2,303 |  |  | (3,209) |  |  | 14,133
Interest income |  |  | 1,230 |  |  | 338 |  |  | 10 |  |  | 114 |  |  | 23 |  |  | 4,563 |  |  | (3,110) |  |  | 3,168
Other net finance income (3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,527)
Income before income taxes and share of the profit of equity accounted investees |  |  | 18,409 |  |  | 11,458 |  |  | 1,487 |  |  | 124 |  |  | 10 |  |  | 449 |  |  | 359 |  |  | 32,296
Income taxes |  |  | 5,648 |  |  | 923 |  |  | 556 |  |  | 49 |  |  | (491) |  |  | 3,791 |  |  | — |  |  | 10,476
Share of the profit of equity accounted investees, net of tax |  |  | (131) |  |  | 9 |  |  | — |  |  | — |  |  | 6,428 |  |  | (78) |  |  | — |  |  | 6,228
Net income from continuing operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,048
Consolidated net income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,048
Depreciation and amortization (2) |  |  | 10,642 |  |  | 9,604 |  |  | 3,112 |  |  | 855 |  |  | — |  |  | 1,708 |  |  | (112) |  |  | 25,809
Non-cash items other than depreciation and amortization |  |  | 1,083 |  |  | 529 |  |  | 23 |  |  | 105 |  |  | — |  |  | 755 |  |  | — |  |  | 2,495
Investments in equity accounted investees |  |  | 9,751 |  |  | 3,719 |  |  | — |  |  | — |  |  | 83,789 |  |  | 211 |  |  | — |  |  | 97,470
Total assets |  |  | 257,841 |  |  | 117,229 |  |  | 54,366 |  |  | 17,701 |  |  | 86,639 |  |  | 158,746 |  |  | (54,981) |  |  | 637,541
Total liabilities |  |  | 128,154 |  |  | 98,468 |  |  | 53,468 |  |  | 16,754 |  |  | 3,151 |  |  | 66,812 |  |  | (55,017) |  |  | 311,790
Investments in fixed assets (4) |  |  | 11,465 |  |  | 10,374 |  |  | 1,529 |  |  | 706 |  |  | — |  |  | 1,685 |  |  | (180) |  |  | 25,579
| (1) |  | Includes other companies and corporate (see Note 1).
| (2) |  | Includes bottle breakage.
| (3) |  | Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.
| (4) |  | Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.
|  |  |  |  | FEMSA |  | FEMSA |  | FEMSA |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Comercio – |  | Comercio – |  | Comercio – |  |  |  |  |  |  |  |  |  |  |  |
|  | Coca-Cola |  | Proximity |  | Health |  | Fuel |  | Heineken |  |  |  |  | Consolidation |  |  |
2018 |  | FEMSA |  | Division |  | Division |  | Division |  | Investment |  | Other (1) |  | Adjustments |  | Consolidated
Total revenues |  | Ps. | 182,342 |  | Ps. | 167,458 |  | Ps. | 51,739 |  | Ps. | 46,936 |  | Ps. | — |  | Ps. | 42,293 |  | Ps. | (21,024) |  | Ps. | 469,744
Intercompany revenue |  |  | 5,160 |  |  | 290 |  |  | — |  |  | — |  |  | — |  |  | 15,574 |  |  | (21,024) |  |  | —
Gross profit |  |  | 83,938 |  |  | 65,529 |  |  | 15,865 |  |  | 4,231 |  |  | — |  |  | 10,233 |  |  | (4,626) |  |  | 175,170
Administrative expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,313
Selling expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 114,573
Other income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 673
Other expenses |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,947
Interest expense |  |  | 7,568 |  |  | 1,806 |  |  | 678 |  |  | 211 |  |  | 1 |  |  | 2,057 |  |  | (2,496) |  |  | 9,825
Interest income |  |  | 1,004 |  |  | 372 |  |  | 14 |  |  | 159 |  |  | 22 |  |  | 3,757 |  |  | (2,496) |  |  | 2,832
Other net finance expenses (3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (387)
Income before income taxes and share of the profit of equity accounted investees |  |  | 17,190 |  |  | 13,335 |  |  | 1,438 |  |  | 407 |  |  | 11 |  |  | 1,219 |  |  | 30 |  |  | 33,630
Income taxes |  |  | 5,260 |  |  | 1,124 |  |  | 652 |  |  | 123 |  |  | 4 |  |  | 3,006 |  |  | — |  |  | 10,169
Share of the profit of equity accounted investees, net of tax |  |  | (226) |  |  | (17) |  |  | — |  |  | — |  |  | 6,478 |  |  | 17 |  |  | — |  |  | 6,252
Net income from continuing operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29,713
Net income from discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,366
Consolidated net income |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 33,079
Depreciation and amortization (2) |  |  | 10,028 |  |  | 4,971 |  |  | 983 |  |  | 152 |  |  | — |  |  | 1,103 |  |  | — |  |  | 17,237
Non-cash items other than depreciation and amortization |  |  | 755 |  |  | 367 |  |  | 22 |  |  | 11 |  |  | — |  |  | 490 |  |  | — |  |  | 1,645
Investments in equity accounted investees |  |  | 10,518 |  |  | 84 |  |  | — |  |  | — |  |  | 83,461 |  |  | 252 |  |  | — |  |  | 94,315
Total assets |  |  | 263,787 |  |  | 75,146 |  |  | 35,881 |  |  | 7,015 |  |  | 86,340 |  |  | 150,674 |  |  | (42,462) |  |  | 576,381
Total liabilities |  |  | 132,037 |  |  | 56,468 |  |  | 23,357 |  |  | 6,142 |  |  | 4,054 |  |  | 61,340 |  |  | (42,559) |  |  | 240,839
Investments in fixed assets (4) |  |  | 11,069 |  |  | 9,441 |  |  | 1,162 |  |  | 520 |  |  | — |  |  | 2,391 |  |  | (317) |  |  | 24,266
| (1) |  | Includes other companies and corporate (see Note 1).
| (2) |  | Includes bottle breakage.
| (3) |  | Includes foreign exchange gain, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.
| (4) |  | Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.
| b) |  | By Geographic Area:
The Company aggregates geographic areas into the following for the purposes of its consolidated financial statements: (i) Mexico and Central America division (comprising the following countries: Mexico, Guatemala, Nicaragua, Costa Rica and Panama), (ii) United States, (iii) the South America division (comprising the following countries: Brazil, Argentina, Colombia, Chile, Ecuador, Peru and Uruguay) and (iv) Europe (comprised of the Company’s equity method investment in Heineken Group). For further information related with aggregates geographic areas see Note 28.2 Disaggregation of revenue. Geographic disclosure for the Company non-current assets is as follow:
|  | 2020 |  | 2019
Mexico and Central America (1) |  | Ps. | 234,679 |  | Ps. | 230,889
United States (2) |  |  | 37,105 |  |  | 13,310
South America (3) |  |  | 124,470 |  |  | 136,480
Europe |  |  | 87,326 |  |  | 84,283
Consolidated |  | Ps. | 483,580 |  | Ps. | 464,962
| (1) |  | Domestic (Mexico only) non-current assets were Ps. 226,497 and Ps. 223,605, as of December 31, 2020, and December 31, 2019, respectively.
| (2) |  | On May 15, 2020, the Company completed the acquisition of WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”) to form a new platform within the Jan-San, Packaging and Specialized distribution industry in the United States. The platform will bring together two market leaders in this field: WAXIE and North American, with FEMSA acquiring a majority controlling interest of 89% in the combined company.
| (3) |  | South America non-current assets includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. Brazilian non-current assets were Ps. 66,050 and Ps. 79,710, as of December 31, 2020 and December 31, 2019, respectively. Colombia non-current assets were Ps. 15,653 and Ps. 16,463, as of December 31, 2020 and December 31, 2019, respectively. Argentina non-current assets were Ps. 3,905 and Ps. 4,043, as of December 31, 2020 and December 31, 2019, respectively. Chile non-current assets were Ps. 30,953 and Ps. 28,424, as of December 31, 2020 and December 31, 2019, respectively. Uruguay non-current assets were Ps. 4,537 and Ps. 4,781, as of December 31, 2020 and December 31, 2019, respectively. Ecuador non-current assets were Ps. 3,372 and Ps. 3,064, as of December 31, 2020 and December 31, 2019, respectively.

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