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Equity Method Accounted Investees (Tables)

12 Months Ended

Dec. 31, 2021

IFRS Text Block [Abstract]

Summary of Equity Accounted Investees

Ownership Percentage

Carrying Value

Principal

December 31,

December 31,

December 31,

December 31,

Investee

Activity

Place of Incorporation

2021

2020

2021

2020

Heineken ^{(1) (2)}

Beverages

The Netherlands

14.8

%

14.8

%

Ps.

96,349

Ps.

87,291

Coca-Cola FEMSA:

Joint ventures:

Dispensadoras de Café, S.A.P.I. de C.V.

Services

Mexico

50.0

%

50.0

%

183

181

Fountain Agua Mineral, L.T.D.A.

Beverages

Brazil

50.0

%

50.0

%

699

720

Planta Nueva Ecología De Tabasco, S.A. de C.V.

Recycling

Mexico

50.0

%

-

%

18

-

Associates:

Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”)

Sugar production

Mexico

36.4

%

36.4

%

3,348

3,335

Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”)

Canned bottling

Mexico

26.5

%

26.5

%

178

192

Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”)

Recycling

Mexico

35.0

%

35.0

%

102

121

Jugos del Valle, S.A.P.I. de C.V.

Beverages

Mexico

28.8

%

28.8

%

2,128

1,945

Leao Alimentos e Bebidas, L.T.D.A.

Beverages

Brazil

24.7

%

24.7

%

404

446

TROP Frutas do Brasil S.A. (“TROP”)

Beverages

Brazil

23.6

%

23.6

%

55

359

Alimentos de Soja S.A.U.

Beverages

Argentina

10.7

%

10.7

%

263

207

Other investments of Coca-Cola FEMSA’s companies

Various

Various

Various

Various

116

117

FEMSA Comercio:

Raizen Conveniências

Proximity

Brazil

50.0

%

50.0

%

2,567

2,763

Other investments ^{(1) (3)}

Various

Various

Various

Various

889

593

Ps.

107,299

Ps.

98,270

(1)	Associate.

(2)

As of December 31, 2021 and 2020 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, because 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.

Summarized Financial Information in Respect of Associate Accounted for Under Equity Method

December 31, 2021

December 31, 2020

Amounts in millions

Peso

Euro

Peso

Euro

Total current assets

Ps.

222,653

€.

9,578

Ps.

221,182

€.

9,020

Total non-current assets

912,929

39,272

824,210

33,612

Total current liabilities

281,141

12,094

266,497

10,868

Total non-current liabilities

396,489

17,056

425,984

17,372

Total equity

457,952

19,700

352,911

14,392

Equity attributable to equity holders

403,463

17,356

328,393

13,392

Total revenue and other income

Ps.

555,269

€.

23,462

Ps.

479,996

€.

19,771

Total cost and expenses

449,171

18,979

461,108

18,993

Net income (loss)

Ps.

83,662

€.

3,535

Ps.

(2,136)

€.

(88)

Net income (loss) attributable to equity holders

78,668

3,324

(4,953)

(204)

Other comprehensive income (loss)

31,713

1,340

(48,944)

(2,016)

Total comprehensive income (loss)

Ps.

115,375

€.

4,875

Ps.

(51,080)

€.

(2,104)

Total comprehensive income (loss) attributable to equity holders

107,968

4,562

(51,639)

(2,127)

Reconciliation from Equity of Associate to Investment of Company

December 31, 2021

December 31, 2020

Amounts in millions

Peso

Euro

Peso

Euro

Equity attributable to equity holders of Heineken

Ps.

403,463

€.

17,356

Ps.

328,393

€.

13,392

Economic ownership percentage

14.76

%

14.76

%

14.76

%

14.76

%

Investment in Heineken investment exclusive of goodwill and other adjustments

Ps.

59,534

€.

2,561

Ps.

48,471

€.

1,976

Effects of fair value determined by purchase price allocation

16,342

703

17,226

703

Goodwill

20,473

881

21,594

881

Heineken investment

Ps.

96,349

€.

4,145

Ps.

87,291

€.

3,560

Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes


		2021			2020			2019
Items that may be reclassified to consolidated net income, net of taxes:
Valuation of the effective portion of derivative financial instruments		Ps.	32		Ps.	(14)		Ps.	—
Exchange differences on translating foreign operations			2,893			(5,934)			1,058
Total		Ps.	2,925		Ps.	(5,948)		Ps.	1,058
Items that may not be reclassified to consolidated net income in subsequent periods, net of taxes:
Remeasurements of the net defined benefit liability		Ps.	590		Ps.	(111)		Ps.	(389)