Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Disclosure of Exchange Rates of Local Currencies Translated to Mexican Pesos

The translation of assets and liabilities denominated in foreign currencies into Mexican pesos is for consolidation purposes and does not indicate that the Company could realize or settle the reported value of those assets and liabilities in Mexican pesos. Additionally, this does not indicate that the Company could return or distribute the reported Mexican peso value in equity to its shareholders.


	Exchange Rates of Local Currencies Translated to Mexican Pesos (1)
	Functional /	Average Exchange Rate as of				Exchange Rate as of
Country or Zone	Recording Currency	September 30, 2019		September 30, 2018		September 30, 2019		December 31, 2018
Mexico	Mexican peso		1.00		1.00		1.00		1.00
Guatemala	Quetzal		2.50		2.55		2.54		2.54
Costa Rica	Colon		0.03		0.03		0.03		0.03
Panama	U.S. dollar		19.25		19.04		19.64		19.68
Colombia	Colombian peso		0.01		0.01		0.01		0.01
Nicaragua	Cordoba		0.58		0.61		0.59		0.61
Argentina	Argentine peso		0.44		0.80		0.34		0.52
Brazil	Reais		4.96		5.32		4.72		5.08
Philippines	Philippin peso		NA		0.36		NA		0.37
Uruguay	Uruguayan peso		0.56		0.63		0.53		0.61

(1)	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 September 30, 2019 and December 31, 2018, the operations of the Company are classified as follows:


Country	Cumulative Inflation 2016-2019			Type of Economy		Cumulative Inflation 2015-2018			Type of Economy
Mexico		15.1	%		Non-hyperinflationary		15.7	%	Non-hyperinflationary
Guatemala		10.3	%		Non-hyperinflationary		12.2	%	Non-hyperinflationary
Costa Rica		6.0	%		Non-hyperinflationary		5.7	%	Non-hyperinflationary
Panama		0.9	%		Non-hyperinflationary		2.1	%	Non-hyperinflationary
Colombia		11.6	%		Non-hyperinflationary		13.4	%	Non-hyperinflationary
Nicaragua		15.8	%		Non-hyperinflationary		13.1	%	Non-hyperinflationary
Argentina		166.2	%		Hyperinflationary		158.4	%	Non-hyperinflationary
Brazil		10.0	%		Non-hyperinflationary		13.1	%	Non-hyperinflationary
Philippines		NA			Non-hyperinflationary		11.9	%	Non-hyperinflationary
Uruguay		23.9	%		Non-hyperinflationary		25.3	%	Non-hyperinflationary