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Information by segment | 12 Months Ended
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Dec. 31, 2020
Disclosure of operating segments [abstract] |
Information by Segment | 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 an operating segment, 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). 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) currency trends and (iv) 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:
2020 | Mexico and Central America (1) | South America (2) | Consolidated
Total revenues | 106,783 |  | 76,832 |  | 183,615 |
Intercompany revenue | 4,998 |  | 18 |  | 5,016 |
Gross profit | 52,906 |  | 29,905 |  | 82,811 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method | 14,751 |  | 1,326 |  | 16,077 |
Depreciation and amortization | 6,471 |  | 4,137 |  | 10,608 |
Non-cash items other than depreciation and amortization | 979 |  | 515 |  | 1,494 |
Equity in earnings (loss) of associated companies and joint ventures | (95) |  | (186) |  | (281) |
Total assets | 165,887 |  | 97,179 |  | 263,066 |
Investments in associate companies and joint ventures | 5,804 |  | 1,819 |  | 7,623 |
Total liabilities | 113,727 |  | 26,882 |  | 140,609 |
Capital expenditures, net(3) | 6,764 |  | 3,590 |  | 10,354 |
2019 | Mexico and Central America (1) | South America (2) | Consolidated
Total revenues | 109,249 |  | 85,222 |  | 194,471 |
Intercompany revenue | 5,673 |  | 15 |  | 5,688 |
Gross profit | 52,384 |  | 35,123 |  | 87,507 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method | 10,349 |  | 8,060 |  | 18,409 |
Depreciation and amortization | 6,380 |  | 4,262 |  | 10,642 |
Non-cash items other than depreciation and amortization | 878 |  | 205 |  | 1,083 |
Equity in earnings (loss) of associated companies and joint ventures | (177) |  | 46 |  | (131) |
Total assets | 147,374 |  | 110,465 |  | 257,839 |
Investments in associate companies and joint ventures | 6,198 |  | 3,553 |  | 9,751 |
Total liabilities | 95,694 |  | 32,460 |  | 128,154 |
Capital expenditures, net(3) | 6,677 |  | 4,788 |  | 11,465 |
2018 | Mexico and Central America (1) | South America (2) | Consolidated
Total revenues | 100,162 |  | 82,180 |  | 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 | 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(3) | 6,574 |  | 4,495 |  | 11,069 |
(1)Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 87,833, Ps. 91,358 and Ps. 84,352 during the years ended December 31, 2020, 2019 and 2018, respectively. Domestic (Mexico only) total assets were Ps. 148,068, Ps. 130,045 and Ps. 130,865 as of December 31, 2020, 2019 and 2018, respectively. Domestic (Mexico only) total liabilities were Ps. 109,086, Ps. 91,427 and Ps. 92,340 as of December 31, 2020, 2019 and 2018, respectively. (2)South America includes Brazil, Argentina, Colombia and Uruguay. South America revenues include Brazilian revenues of Ps. 56,191, Ps. 61,554 and Ps. 56,523 during the years ended December 31, 2020, 2019 and 2018, respectively. Brazilian total assets were Ps. 70,376, Ps. 82,667 and Ps. 86,007 as of December 31, 2020, 2019 and 2018, respectively. Brazilian total liabilities Ps. 19,148, Ps. 24,103 and Ps. 26,851 as of December 31, 2020, 2019 and 2018, respectively. South America revenues also include Colombian revenues of Ps. 12,049, Ps. 13,522 and Ps. 14,580 during the years ended December 31, 2020, 2019 and 2018, respectively. Colombian total assets were Ps. 15,993, Ps. 16,518 and Ps. 17,626 as of December 31, 2020, 2019 and 2018, respectively. Colombian total liabilities were Ps. 3,262, Ps. 4,154 and Ps. 4,061 as of December 31, 2020, 2019 and 2018, respectively. South America revenues also include Argentine revenues of Ps. 5,468, Ps. 6,725 and Ps. 9,152 during the years ended December 31, 2020, 2019 and 2018, respectively. Argentine total assets were Ps. 5,039, Ps. 5,341 and Ps. 6,021 as of December 31, 2020, 2019 and 2018, respectively. Argentine total liabilities were Ps. 1,842, Ps. 1,637 and Ps. 2,059 as of December 31, 2020, 2019 and 2018, respectively. South America revenues also include Uruguay revenues of Ps. 3,124, Ps. 3,421 and Ps. 1,925, during the years ended on December 31, 2020 and 2019, respectively. Uruguay total assets were Ps. 5,771, Ps. 5,939 and Ps. 6,385 as of December 31, 2020 and 2019, respectively. Uruguay total liabilities were Ps. 2,630, Ps. 2,566 and Ps. 2,541, as of December 31, 2020 and 2019, respectively. (3)Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.

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