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Information by segment | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Information by segment | Note 26. Information by segment The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer, who periodically reviews financial information at the country level. Thus, each of the separate countries in which the Company operates is considered and operating segments, with the exception of the countries in Central America which represent a single operating segment. The Company has aggregated operating segments into the following reporting segments for the purposes of its consolidated financial statements: (i) Mexico and Central America division (comprising the following countries: Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama), and (ii) the South America division (comprising the following countries: Brazil, Argentina, Colombia, and Uruguay); Venezuela (consolidated until 2017) operated in an economy with exchange control and/ or hyper-inflation and, as a result, apply IAS 29, “Financial Reporting in Hyperinflationary Economies,” which does not allow the Company from aggregating their results with those of other countries in the South America segment. The Company’s results for 2017 reflect a reduction in the share of the profit of associates and joint ventures accounted for using the equity method, net of taxes, as a result of this consolidation (see note 4.1.2). As disclosed in Note 3.3, the Company deconsolidated its operations in Venezuela as of December 31, 2017, consequently there is no financial information for this segment in 2018 and future years. The Company is of the view that the quantitative and qualitative aspects of the aggregated operating segments are similar in nature for all periods presented. In evaluating the appropriateness of aggregating operating segments, the key indicators considered included but were not limited to:(i) similarities of customer base, products, production processes and distribution processes, (ii) similarities of governments, (iii) inflation trends, since hyper-inflationary economy has different characteristics that carry out to making decision on how to deal with the cost of the production and distribution, Venezuela (up until 2017) has been presented as a separate segment, (iv) currency trends and (v) historical and projected financial and operating statistics, historically and according to our estimates the financial trends of the countries aggregated into an operating segment have behaved in similar ways and are expected to continue to do so. Segment disclosure for the Company’s consolidated operations is as follows:
2018 |  | Mexico and Central America(1) |  |  | South America(2) |  |  | Consolidated |
Total revenues |  | Ps. | 100,162 |  |  | Ps. | 82,180 |  |  | Ps. | 182,342 |
Intercompany revenue |  |  | 5,143 |  |  |  | 17 |  |  |  | 5,160 |
Gross profit |  |  | 48,162 |  |  |  | 35,776 |  |  |  | 83,938 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method |  |  | 7,809 |  |  |  | 9,381 |  |  |  | 17,190 |
Depreciation and amortization |  |  | 5,551 |  |  |  | 3,852 |  |  |  | 9,403 |
Non-cash items other than depreciation and amortization (3) |  |  | 1,249 |  |  |  | 132 |  |  |  | 1,381 |
Equity in earnings (loss) of associated companies and joint ventures |  |  | 326 |  |  |  | (100 | ) |  |  | (226 | )
Total assets |  |  | 147,748 |  |  |  | 116,039 |  |  |  | 263,787 |
Investments in associate companies and joint ventures |  |  | 6,789 |  |  |  | 3,729 |  |  |  | 10,518 |
Total liabilities |  |  | 96,525 |  |  |  | 35,512 |  |  |  | 132,037 |
Capital expenditures, net |  |  | 6,574 |  |  |  | 4,495 |  |  |  | 11,069 |
2017 (Restated)(5) |  | Mexico and Central America(1) |  |  | South America(2) |  |  | Venezuela |  |  | Consolidated |
Total revenues |  | Ps. | 92,643 |  |  | Ps. | 86,608 |  |  | Ps. | 4,005 |  |  | Ps. | 183,256 |
Intercompany revenue |  |  | 4,661 |  |  |  | 18 |  |  |  | — |  |  |  | 4,679 |
Gross profit |  |  | 45,106 |  |  |  | 37,756 |  |  |  | 646 |  |  |  | 83,508 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method |  |  | (18,261 | ) |  |  | 8,792 |  |  |  | (1,786 | ) |  |  | (11,255 | )
Depreciation and amortization |  |  | 4,801 |  |  |  | 3,442 |  |  |  | 807 |  |  |  | 9,050 |
Non-cash items other than depreciation and amortization (3) |  |  | 1,011 |  |  |  | 213 |  |  |  | 1,021 |  |  |  | 2,245 |
Equity in earnings (loss) of associated companies and joint ventures |  |  | (63 | ) |  |  | 123 |  |  |  | — |  |  |  | 60 |
Total assets |  |  | 163,635 |  |  |  | 122,042 |  |  |  | — |  |  |  | 285,677 |
Investments in associate companies and joint ventures |  |  | 7,046 |  |  |  | 4,455 |  |  |  | — |  |  |  | 11,501 |
Total liabilities |  |  | 101,330 |  |  |  | 43,637 |  |  |  | — |  |  |  | 144,967 |
Capital expenditures, net (4) |  |  | 8,245 |  |  |  | 4,686 |  |  |  | — |  |  |  | 12,931 |
2016 |  | Mexico and Central America(1) |  |  | South America(2) |  |  | Venezuela |  |  | Consolidated |
Total revenues |  | Ps. | 87,557 |  |  | Ps. | 71,293 |  |  | Ps. | 18,868 |  |  | Ps. | 177,718 |
Intercompany revenue |  |  | 4,266 |  |  |  | 3 |  |  |  | — |  |  |  | 4,269 |
Gross profit |  |  | 43,569 |  |  |  | 29,263 |  |  |  | 6,830 |  |  |  | 79,662 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method |  |  | 8,642 |  |  |  | 4,784 |  |  |  | 882 |  |  |  | 14,308 |
Depreciation and amortization |  |  | 4,750 |  |  |  | 3,078 |  |  |  | 838 |  |  |  | 8,666 |
Non-cash items other than depreciation and amortization (3) |  |  | 424 |  |  |  | 61 |  |  |  | 2,423 |  |  |  | 2,908 |
Equity in earnings of associated companies and joint ventures |  |  | 149 |  |  |  | (2 | ) |  |  | — |  |  |  | 147 |
Total assets |  |  | 136,252 |  |  |  | 130,019 |  |  |  | 12,985 |  |  |  | 279,256 |
Investments in associate companies and joint ventures |  |  | 18,088 |  |  |  | 4,269 |  |  |  | — |  |  |  | 22,357 |
Total liabilities |  |  | 95,342 |  |  |  | 48,391 |  |  |  | 6,290 |  |  |  | 150,023 |
Capital expenditures, net (4) |  |  | 6,597 |  |  |  | 4,240 |  |  |  | 1,554 |  |  |  | 12,391 |
| (1) | Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 84,352, Ps. 79,836 and Ps. 74,413 during the years ended December 31, 2018, 2017 and 2016, respectively. Domestic (Mexico only) total assets were Ps. 130,865, Ps. 133,315 and Ps. 122,552 as of December 31, 2018, 2017 and 2016, respectively. Domestic (Mexico only) total liabilities were Ps. 92,340, Ps. 88,283 and Ps. 92,303 as of December 31, 2018, 2017 and 2016, respectively.
| (2) | South America includes Brazil, Argentina, Colombia, Uruguay and Venezuela, although Venezuela is shown separately above. South America revenues include Brazilian revenues of Ps. 56,523, Ps. 58,518 and Ps. 43,900 during the years ended December 31, 2018, 2017 and 2016, respectively. Brazilian total assets were Ps. 86,007, Ps. 95,713 and Ps. 104,092 as of December 31, 2018, 2017 and 2016, respectively. Brazilian total liabilities Ps. 26,851, Ps. 31,580 and Ps. 39,600 as of December 31, 2018, 2017 and 2016, respectively. South America revenues also include Colombian revenues of Ps. 14,580, Ps. 14,222 and Ps. 15,120 during the years ended December 31, 2018, 2017 and 2016, respectively. Colombian total assets were Ps. 17,626, Ps. 14,180 and Ps. 20,581 as of December 31, 2018, 2017 and 2016, respectively. Colombian total liabilities were Ps. 4,061, Ps. 7,993 and Ps. 5,547 as of December 31, 2018, 2017 and 2016, respectively. South America revenues also include Argentine revenues of Ps. 9,152, Ps. 13,869 and Ps. 12,273 during the years ended December 31, 2018, 2017 and 2016, respectively. Argentine total assets were Ps. 6,021, Ps. 5,301 and Ps. 5,346 as of December 31, 2018, 2017 and 2016, respectively. Argentine total liabilities were Ps. 2,059, Ps.3,660 and Ps. 3,244 as of December 31, 2018, 2017 and 2016, respectively. South America revenues also include Uruguay revenues of Ps. 1,925, during the year ended on December 31, 2018. Uruguay total assets were Ps. 6,385 as of December 31, 2018. Uruguay total liabilities were Ps. 2,541, as of December 31, 2018.
| (3) | Includes foreign exchange loss, net; gain on monetary position, net; and market value (gain) loss on financial instruments.
| (4) | Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.
| (5) | As mentioned in note 5, the result for Asia division has been included in the line discontinued operations and the Asia segment is no longer presented in 2018 and 2017. The assets (Ps. 28,272) and liabilities (Ps. 9,945) for the discontinued operation for 2017 are included in Mexico and Central America segment.

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