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Balances and Transactions with Related Parties and Affiliated Companies | 12 Months Ended
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Dec. 31, 2021
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,
​ | ​ | 2021 | ​ | 2020
Balances |  | ​ |  |  | ​ |
Due from The Coca-Cola Company (see Note 7) (1) (6) |  | Ps. | 820 |  | Ps. | 509
Balance with BBVA Bancomer, S.A. de C.V. (2) |  | ​ | 8,076 |  | ​ | 1,092
Balance with Grupo Scotiabank Inverlat, S.A. (2) |  | ​ | 6,585 |  | ​ | 2,016
Due from Heineken Group (1) (5) |  | ​ | 2,001 |  | ​ | 2,512
Other receivables (1) |  | ​ | 190 |  | ​ | 746
Due to The Coca-Cola Company (4) (6) |  | Ps. | 1,444 |  | Ps. | 3,513
Due to BBVA Bancomer, S.A. de C.V. (3) |  | ​ | 1,847 |  | ​ | 1,062
Due to Heineken Group (4) (5) |  | ​ | 3,144 |  | ​ | 3,273
Due to Grupo Financiero Scotiabank Inverlat, S.A. (4) |  | ​ | 132 |  | ​ | 105
Other payables (4) |  | ​ | 1,557 |  | ​ | 2,060
(1) | Presented within accounts receivable.
(2) | Presented within cash and cash equivalents.
(3) | Recorded within bank loans and notes payable.
(4) | Recorded within accounts payable.
(5) | Associates.
(6) | Non-controlling interest.
​ Balances due from related parties are considered to be recoverable. Accordingly, for the years ended December 31, 2021, 2020 and 2019, there was no expense resulting from uncollectible balances due from related parties.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Transactions | ​ | 2021 | ​ | 2020 |  | 2019
Income: |  | ​ |  | ​ |  |  |  | ​ |
Services to Heineken Group (1) |  | Ps. | 2,530 | ​ | Ps. | 3,181 |  | Ps. | 3,380
Logistic services to Jugos del Valle (1) |  | ​ | 514 | ​ |  | 532 |  | ​ | 553
Interest revenues from BBVA Bancomer, S.A. de C.V. (3) |  | ​ | 2,146 | ​ |  | 1,825 |  | ​ | 1,456
Interest revenues from Grupo Financiero Scotiabank Inverlat, S.A. (3) |  | ​ | 302 | ​ |  | 295 |  | ​ | 447
Other revenues from related parties |  | ​ | 814 | ​ |  | 764 |  | ​ | 404
Expenses: |  | ​ |  | ​ |  |  |  | ​ |
Purchase of concentrate from The Coca-Cola Company (2) |  | Ps. | 37,213 | ​ | Ps. | 32,222 |  | Ps. | 34,063
Purchases of beer from Heineken Group (1) (5) |  | ​ | 19,552 | ​ |  | 23,233 |  | ​ | 25,215
Purchase of baked goods and snacks from Grupo Bimbo, S.A.B. de C.V. (3) |  | ​ | 4,417 | ​ |  | 5,774 |  | ​ | 6,194
Advertisement expense paid to The Coca-Cola Company (2) (4) |  | ​ | 1,482 | ​ |  | 865 |  | ​ | 1,756
Purchase of juices from Jugos del Valle, S.A.P.I. de C.V. (1) |  | ​ | 4,102 | ​ |  | 4,055 |  | ​ | 4,477
Purchase of sugar from Promotora Industrial Azucarera, S.A. de C.V. (1) |  | ​ | 2,213 | ​ |  | 2,123 |  | ​ | 2,728
Interest expense and fees paid to BBVA Bancomer, S.A. de C.V. (3) |  | ​ | 72 | ​ |  | 232 |  | ​ | 144
Purchase of sugar from Beta San Miguel (3) |  | ​ | 938 | ​ |  | 1,023 |  | ​ | 655
Purchase of canned products from IEQSA (1) |  | ​ | 234 | ​ |  | 226 |  | ​ | 682
Purchases to AdeS Alimentos y Bebidas(1) |  | ​ | — | ​ |  | 338 |  | ​ | 497
Purchase of inventories to Leao Alimentos e Bebidas, L.T.D.A. (1) |  | ​ | 1,320 | ​ |  | 1,253 |  | ​ | 1,867
Purchases of Material with Ecolab, Inc (3) | ​ | ​ | 450 | ​ | ​ | 340 | ​ | ​ | —
Advertising paid to Grupo Televisa, S.A.B. (3) |  | ​ | 167 | ​ |  | 148 |  | ​ | 115
Insurance premiums for policies with Grupo Nacional Provincial, S.A.B. (3) |  | ​ | 1 | ​ |  | 7 |  | ​ | —
Donations to Fundación FEMSA, A.C. (3) |  | ​ | 144 | ​ |  | 171 |  | ​ | 195
Donations to Difusión y Fomento Cultural, A.C. (3) |  | ​ | 32 | ​ |  | 55 |  | ​ | 61
Donations to ITESM (3) |  | ​ | 208 | ​ |  | 310 |  | ​ | 215
Purchases of resine to IMER (1) | ​ | ​ | 416 | ​ | ​ | 308 | ​ | ​ | 281
Other expenses with related parties |  | ​ | 206 | ​ |  | 311 |  | ​ | 38
(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. 2,437, Ps. 1,482 and Ps. 2,274, for the years ended in 2021, 2020 and 2019, 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 under 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 an exclusive contract with another supplier of beer for the next 3 years. Commitment term, January 1st, 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:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Short-term employee benefits paid |  | Ps. | 1,934 |  | Ps. | 2,112 |  | Ps. | 2,163
Postemployment benefits |  | ​ | 52 |  | ​ | 45 |  | ​ | 48
Termination benefits |  | ​ | 36 |  | ​ | 373 |  | ​ | 411
Share-based payments |  | ​ | 853 |  | ​ | 575 |  | ​ | 610
​

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