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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

IFRS Text Block [Abstract]

Disclosure of Exchange Rates of Local Currencies Translated to Mexican Pesos


				Exchange Rates of Local Currencies Translated to Mexican Pesos (1)
		Functional /		Average Exchange Rate for						Exchange Rate as of
		Recording								December 31,		December 31,
Country or Zone		Currency		2020		2019		2018		2020		2019
Guatemala		Quetzal		2.78		2.50		2.56		2.56		2.45
Costa Rica		Colon		0.04		0.03		0.03		0.03		0.03
Panama		U.S. dollar		21.49		19.26		19.24		19.95		18.85
Colombia		Colombian peso		0.01		0.01		0.01		0.01		0.01
Nicaragua		Cordoba		0.63		0.58		0.62		0.57		0.56
Argentina		Argentine peso		0.31		0.41		0.73		0.24		0.31
Brazil		Reais		4.18		4.89		5.29		3.84		4.68
Chile		Chilean peso		0.03		0.03		0.03		0.03		0.03
Euro Zone		Euro (€)		24.48		21.56		22.71		24.52		21.12
Peru		Nuevo Sol		6.15		5.77		5.85		5.51		5.68
Ecuador		U.S. dollar		21.49		19.26		19.24		19.95		18.85
Philippines		Philippine peso		—		—		0.37		—		—
United States		U.S. dollar		21.49		—		—		19.95		—
Uruguay		Uruguayan peso		0.51		0.55		0.63		0.47		0.51

Exchange rates published by the Central Bank of each country where the Company operates.

Disclosure of Recognition of Effects of Inflation in Countries with Hyperinflationary Economic Environments

As of December 31, 2020, 2019, and 2018, the operations of the Company are classified as follows:


		Cumulative				Cumulative				Cumulative
		Inflation				Inflation				Inflation
Country		2018- 2020		Type of Economy		2017- 2019		Type of Economy		2016- 2018		Type of Economy
Mexico		11.2	%	Non-hyperinflationary		13.2	%	Non-hyperinflationary		15.7	%	Non-hyperinflationary
Guatemala		10.9	%	Non-hyperinflationary		11.8	%	Non-hyperinflationary		12.2	%	Non-hyperinflationary
Costa Rica		4.5	%	Non-hyperinflationary		5.8	%	Non-hyperinflationary		5.7	%	Non-hyperinflationary
Panama		(1.5)	%	Non-hyperinflationary		0.5	%	Non-hyperinflationary		2.1	%	Non-hyperinflationary
Colombia		8.8	%	Non-hyperinflationary		11.0	%	Non-hyperinflationary		13.4	%	Non-hyperinflationary
Nicaragua		13.5	%	Non-hyperinflationary		15.6	%	Non-hyperinflationary		13.1	%	Non-hyperinflationary
Argentina (a)		209.2	%	Hyperinflationary		179.4	%	Hyperinflationary		158.4	%	Hyperinflationary
Brazil		13.1	%	Non-hyperinflationary		11.1	%	Non-hyperinflationary		25.0	%	Non-hyperinflationary
Philippines		—		—		—	%	Non-hyperinflationary		11.9	%	Non-hyperinflationary
Euro Zone		2.4	%	Non-hyperinflationary		3.6	%	Non-hyperinflationary		2.7	%	Non-hyperinflationary
Chile		8.8	%	Non-hyperinflationary		8.3	%	Non-hyperinflationary		9.7	%	Non-hyperinflationary
Peru		6.2	%	Non-hyperinflationary		5.2	%	Non-hyperinflationary		9.3	%	Non-hyperinflationary
Ecuador		(0.7)	%	Non-hyperinflationary		0.3	%	Non-hyperinflationary		30.3	%	Non-hyperinflationary
United States		3.7	%	Non-hyperinflationary		—		—		—		—
Uruguay		28.5	%	Non-hyperinflationary		22.0	%	Non-hyperinflationary		25.3		Non-hyperinflationary

Disclosure of Estimated Useful Lives of Company's Assets

The estimated useful lives of the Company’s assets are as follows:


		Years
Buildings		25-50
Machinery and equipment		10-20
Distribution equipment		7-15
Refrigeration equipment		5-7
Returnable bottles		1.5-3
Leasehold improvements		The shorter of lease term or 15 years
Information technology equipment		3-5
Other equipment		3-10