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Equity Accounted Investees (Tables) | 12 Months Ended
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Dec. 31, 2020
IFRS Text Block [Abstract] |
Summary of Equity Accounted Investees | As of December 31, 2020 and 2019, Company’s equity accounted investees are as follows:
|  |  |  |  |  | Ownership Percentage |  |  | Carrying Value
|  | Principal |  |  |  | December 31, |  | December 31, |  |  | December 31, |  |  | December 31,
Investee |  | Activity |  | Place of Incorporation |  | 2020 |  | 2019 |  |  | 2020 |  |  | 2019
Heineken (1) (2) |  | Beverages |  | The Netherlands |  | 14.8 | % | 14.8 | % | Ps. | 87,291 |  | Ps. | 83,789
Coca-Cola FEMSA: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compañía Panameña de Bebidas, S.A.P.I. de C.V. |  | Beverages |  | Mexico |  | - | % | 50.0 | % |  | — |  |  | 486
Dispensadoras de Café, S.A.P.I. de C.V. |  | Services |  | Mexico |  | 50.0 | % | 50.0 | % |  | 181 |  |  | 172
Fountain Agua Mineral, L.T.D.A. |  | Beverages |  | Brazil |  | 50.0 | % | 50.0 | % |  | 720 |  |  | 851
Associates: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Promotora Industrial Azucarera, S.A. |  | Sugar production |  |  |  | 36.4 | % | 36.4 | % |  | 3,335 |  |  | 3,274
de C.V. (“PIASA”) |  |  |  | Mexico |  |  |  |  |  |  |  |  |  |
Industria Envasadora de Querétaro, S.A. |  | Canned bottling |  | Mexico |  | 26.5 | % | 26.5 | % |  | 192 |  |  | 194
de C.V. (“IEQSA”) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) |  | Recycling |  | Mexico |  | 35.0 | % | 35.0 | % |  | 121 |  |  | 121
Jugos del Valle, S.A.P.I. de C.V. |  | Beverages |  | Mexico |  | 28.8 | % | 28.8 | % |  | 1,945 |  |  | 1,929
Leao Alimentos e Bebidas, L.T.D.A. |  | Beverages |  | Brazil |  | 24.7 | % | 24.7 | % |  | 446 |  |  | 1,931
Other investments in Coca-Cola FEMSA’s companies |  | Various |  | Various |  | Various |  | Various |  |  | 683 |  |  | 793
FEMSA Comercio: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Raizen Conveniências (4) |  | Proximity |  | Brazil |  | 50.0 | % | — |  |  | 2,763 |  |  | 3,410
Other investments (1) (3) |  | Various |  | Various |  | Various |  | Various |  |  | 593 |  |  | 520
|  |  |  |  |  |  |  |  |  | Ps. | 98,270 |  | Ps. | 97,470
| (1) |  | Associate.
| (2) |  | As of December 31, 2020 and 2019 comprised of 8.63% of Heineken, N.V. and 12.26% of Heineken Holding, N.V., which represents an economic interest of 14.76% in Heineken Group. The Company has significant influence, mainly, due to the fact that it participates in the Board of Directors of Heineken Holding, N.V. and the Supervisory Board of Heineken N.V.; and for the material transactions between the Company and Heineken Group.
| (3) |  | Joint ventures.
On November 1, 2019, FEMSA Comercio – Proximity Division closed the acquisition of a 50% interest of Raízen Conveniências. The consideration amounted to R$ 357 million paid in cash and R$367 through notes payable, and such amounts include FEMSA Comercio’s prorrata portion of the investment requirements for the initial period of operations of the joint venture. Raízen is a company formed in 2010 from Cosan and Royal Dutch Shell in Brazil. The Joint Venture between FEMSA Comercio – Proximity Division and Raízen is limited to the convenience and proximity store business and excludes any other Raízen operations.
Summarized Financial Information in Respect of Associate Accounted for Under Equity Method | Summarized financial information in respect of the associate Heineken Group accounted for under the equity method is set out below.
|  | December 31, 2020 |  | December 31, 2019
Amounts in millions |  | Peso |  | Euro |  | Peso |  | Euro
Total current assets |  | Ps. | 221,182 |  | €. | 9,020 |  | Ps. | 177,829 |  | €. | 8,419
Total non-current assets |  |  | 824,210 |  |  | 33,612 |  |  | 804,443 |  |  | 38,085
Total current liabilities |  |  | 266,497 |  |  | 10,868 |  |  | 259,952 |  |  | 12,307
Total non-current liabilities |  |  | 425,984 |  |  | 17,372 |  |  | 356,671 |  |  | 16,886
Total equity |  |  | 352,911 |  |  | 14,392 |  |  | 365,648 |  |  | 17,311
Equity attributable to equity holders (1) |  |  | 328,393 |  |  | 13,392 |  |  | 341,062 |  |  | 16,147
Total revenue and other income |  | Ps. | 479,996 |  | €. | 19,771 |  | Ps. | 511,125 |  | €. | 24,064
Total cost and expenses |  |  | 461,108 |  |  | 18,993 |  |  | 433,959 |  |  | 20,431
Net (loss) income |  | Ps. | (2,136) |  | €. | (88) |  | Ps. | 50,424 |  | €. | 2,374
Net (loss) income attributable to equity holders |  |  | (4,953) |  |  | (204) |  |  | 46,006 |  |  | 2,166
Other comprehensive (loss) income |  |  | (48,944) |  |  | (2,016) |  |  | 3,951 |  |  | 186
Total comprehensive (loss) income |  | Ps. | (51,080) |  | €. | (2,104) |  | Ps. | 54,375 |  | €. | 2,560
Total comprehensive (loss) income attributable to equity holders |  |  | (51,639) |  |  | (2,127) |  |  | 49,447 |  |  | 2,328
Following the IFRS Interpretations Committee agenda decision in January 2019 regarding tax deposits (relating to taxes other than income tax), Heineken Group changed its accounting policy with regards to payments relating to contingent liabilities.
Reconciliation from Equity of Associate to Investment of Company | Reconciliation from the equity of the associate Heineken Group to the investment of the Company.
|  | December 31, 2020 |  | December 31, 2019 |
Amounts in millions |  | Peso |  | Euro |  | Peso |  | Euro |
Equity attributable to equity holders of Heineken (1) |  | Ps. | 328,393 |  | €. | 13,392 |  | Ps. | 341,062 |  | €. | 16,147 |
Economic ownership percentage |  |  | 14.76 | % |  | 14.76 | % |  | 14.76 | % |  | 14.76 | %
Investment in Heineken investment exclusive of goodwill and other adjustments |  | Ps. | 48,471 |  | €. | 1,977 |  | Ps. | 50,341 |  | €. | 2,383 |
Effects of fair value determined by purchase price allocation |  |  | 17,226 |  |  | 702 |  |  | 14,839 |  |  | 703 |
Goodwill |  |  | 21,594 |  |  | 881 |  |  | 18,609 |  |  | 881 |
Heineken investment |  | Ps. | 87,291 |  | €. | 3,560 |  | Ps. | 83,789 |  | €. | 3,967 |
Related to the change in Heineken’s accounting policy mentioned in the table above, the Company recognized the accumulated effects as of January 1, 2019.
Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes | For the year ended December 31, 2020, 2019 and 2018, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows:
|  | 2020 |  | 2019 |  | 2018
Items that may be reclassified to consolidated net income: |  |  |  |  |  |  |  |  |
Valuation of the effective portion of derivative financial instruments |  | Ps. | (14) |  | Ps. | — |  | Ps. | (355)
Exchange differences on translating foreign operations |  |  | (5,934) |  |  | 1,058 |  |  | (5)
Total |  | Ps. | (5,948) |  | Ps. | 1,058 |  | Ps. | (360)
Items that may not be reclassified to consolidated net income in |  |  |  |  |  |  |  |  |
subsequent periods: |  |  |  |  |  |  |  |  |
Remeasurements of the net defined benefit liability |  | Ps. | (111) |  | Ps. | (389) |  | Ps. | 597

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