XML 65 R50.htm IDEA: XBRL DOCUMENT v3.21.1

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of detailed information about intangible assets [abstract]

Summary of Reconciliation of Changes in Intangible Assets and Goodwill

			Rights to Produce and Distribute Coca-Cola trademark Products			Goodwill			Other indefinite lived intangible assets			Technology costs and management systems			Development systems			Other amortizable			Total
Balance as of January 1, 2018			Ps. 92,647			Ps. 26,228			Ps. 1,356			Ps. 5,090			Ps. 1,291			Ps. 969			Ps. 127,581
Purchases			—			—			50			226			371			28			675
Acquisition from business combinations			4,602			—			—			26			57			291			4,976
Systems Development			—			—			—			—			—			41			41
Transfer of completed development systems			—			—			—			904			(904)			—			—
Disposals			—			—			—			(5)			—			(93)			(98)
Philippines disposal (Note 5)			(3,882)			—			—			—			—			(596)			(4,478)
Effect of movements in exchange rates			(5,005)			(2,499)			(352)			(218)			(38)			(31)			(8,143)
Changes in value on the recognition of inflation effects			—			—			—			—			—			57			57
Cost as of December 31, 2018			Ps. 88,362			Ps. 23,729			Ps. 1,054			Ps. 6,023			Ps. 777			Ps. 666			Ps. 120,611
Balance as of January 1, 2019			Ps. 88,362			Ps. 23,729			Ps. 1,054			Ps. 6,023			Ps. 777			Ps. 666			Ps. 120,611
Purchases			—			—			—			100			334			263			697
Acquisition from business combinations			(2,887)			2,903			153			(6)			—			(185)			(22)
Transfer of completed development systems			—			—			—			398			(399)			1			—
Disposals			—			—			—			(17)			—			—			(17)
Effect of movements in exchange rates			(3,475)			(799)			(42)			(68)			(22)			13			(4,393)
Changes in value on the recognition of inflation effects			—			—			—			—			—			(6)			(6)
Cost as of December 31, 2019			Ps. 82,000			Ps. 25,833			Ps. 1,165			Ps. 6,430			Ps. 690			Ps. 752			Ps. 116,870
Balance as of January 1, 2020			Ps. 82,000			Ps. 25,833			Ps. 1,165			Ps. 6,430			Ps. 690			Ps. 752			Ps. 116,870
Purchases			—			—			—			43			198			48			289
Transfer of completed development systems			—			—			—			374			(665)			291			—
Disposals			—			—			(25)			(41)			(6)			(371)			(443)
Effect of movements in exchange rates			(4,604)			(2,402)			8			(97)			(41)			(21)			(7,157)
Changes in value on the recognition of inflation effects			—			—			—			—			—			38			38
Cost as of December 31, 2020			Ps. 77,396			Ps. 23,431			Ps. 1,148			Ps. 6,709			Ps. 176			Ps. 737			Ps. 109,597

			Rights to Produce and Distribute Coca-Cola trademark Products			Goodwill			Other indefinite lived intangible assets			Technology costs and management systems			Development systems			Other amortizable			Total
Accumulated amortization
Balance as of January 1, 2018			(745)			—			—			(2,323)			—			(270)			(3,338)
Amortization expense			—			—			—			(797)			—			(201)			(998)
Disposals			—			—			—			5			—			93			98
Philippines disposal (Note 5)			—			—			—			—			—			375			375
Effect of movements in exchange rate			—			—			—			141			—			(33)			108
Changes in value on the recognition of inflation effects			—			—			—			(51)			—			(1)			(52)
Balance as of December 31, 2018			Ps. (745)			Ps. —			Ps. —			Ps. (3,025)			Ps. —			Ps. (37)			Ps. (3,807)
Amortization expense			—			—			—			(819)			—			(243)			(1,062)
Disposals			—			—			—			17			—			—			17
Effect of movements in exchange rate			—			—			—			52			—			9			61
Changes in value on the recognition of inflation effects			—			—			—			(30)			—			1			(29)
Balance as of December 31, 2019			Ps. (745)			Ps. —			Ps. —			Ps. (3,805)			Ps. —			Ps. (270)			Ps. (4,820)
Amortization expense			—			—			—			(703)			—			(317)			(1,020)
Disposals			—			—			—			20			—			48			68
Effect of movements in exchange rate			—			—			—			164			—			11			175
Changes in value on the recognition of inflation effects - amortization			—			—			—			(29)			—			—			(29)
Balance as of December 31, 2020			Ps. (745)			Ps. —			Ps. —			Ps. (4,353)			Ps. —			Ps. (528)			Ps. (5,626)
Balance as of December 31, 2018			Ps. 87,617			Ps. 23,729			Ps. 1,054			Ps. 2,998			Ps. 777			Ps. 629			Ps. 116,804
Balance as of December 31, 2019			Ps. 81,255			Ps. 25,833			Ps. 1,165			Ps. 2,625			Ps. 690			Ps. 482			Ps. 112,050
Balance as of December 31, 2020			Ps. 76,651			Ps. 23,431			Ps. 1,148			Ps. 2,356			Ps. 176			Ps. 209			Ps. 103,971

Disclosure of Aggregate Carrying Amounts of Goodwill and Distribution Rights Allocated to Each CGUl

The aggregate carrying amounts of goodwill and distribution rights allocated to each CGU are as follows:

In millions of Ps.			2020			2019
Mexico			Ps. 56,352			Ps. 56,352
Guatemala			1,755			1,679
Nicaragua			433			420
Costa Rica			1,425			1,442
Panama			1,200			1,131
Colombia			4,414			4,367
Brazil			31,741			38,765
Argentina			312			306
Uruguay			2,450			2,626
Total			Ps. 100,082			Ps. 107,088

Details of Key Assumptions by CGU for Impairment Test

The key assumptions by CGU for impairment test as of December 31, 2020 were as follows:

CGU			Pre-tax WACC			Post –tax WACC			Expected Annual Long-Term Inflation 2021-2030			Expected Volume Growth Rates 2021-2030
Mexico			7.4		%	5.3		%	3.9		%	2.0		%
Brazil			9.1		%	6.0		%	3.0		%	2.4		%
Colombia			11.0		%	7.3		%	2.8		%	4.1		%
Argentina			26.3		%	20.4		%	30.1		%	3.9		%
Guatemala			10.6		%	8.3		%	3.1		%	6.8		%
Costa Rica			15.3		%	10.8		%	2.7		%	4.3		%
Nicaragua			20.6		%	13.9		%	3.7		%	7.1		%
Panama			8.8		%	6.8		%	1.5		%	7.9		%
Uruguay			9.9		%	7.1		%	7.8		%	2.0		%

    

The key assumptions by CGU for impairment test as of December 31, 2019 were as follows:

CGU			Pre-tax WACC			Post –tax WACC			Expected Annual Long-Term Inflation 2020-2029			Expected Volume Growth Rates 2020-2029
Mexico			7.3		%	5.2		%	3.5		%	0.7		%
Brazil			9.3		%	5.6		%	3.6		%	2.0		%
Colombia			8.9		%	6.2		%	3.1		%	4.0		%
Argentina			21.6		%	14.8		%	39.2		%	3.7		%
Guatemala			9.1		%	7.1		%	4.0		%	8.5		%
Costa Rica			13.8		%	9.7		%	2.2		%	2.1		%
Nicaragua			21.1		%	12.4		%	4.4		%	3.0		%
Panama			8.5		%	6.6		%	2.0		%	5.4		%
Uruguay			9.4		%	6.8		%	7.4		%	2.0		%

Summary of Detailed Information About Sensitivity to Changes in Assumptions

CGU			Change in WACC			Change in Volume Growth CAGR(1)			Effect on Valuation
Mexico			0.4%			-1.0%			Passes by 4.8x
Brazil			0.6%			-1.0%			Passes by 1.8x
Colombia			0.4%			-1.0%			Passes by 1x
Argentina			3.0%			-1.0%			Passes by 6.7x
Guatemala			0.6%			-1.0%			Passes by 29.7x
Costa Rica			1.1%			-1.0%			Passes by 2.1x
Nicaragua			1.7%			-1.0%			Passes by 1.1x
Panama			0.3%			-1.0%			Passes by 6.9x
Uruguay			0.4%			-1.0%			Passes by 2x

(1)     Compound Annual Growth Rate (CAGR)

X

- Definition

The disclosure of information for cash-generating units. [Refer: Cash-generating units [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 36
-IssueDate 2019-01-01
-Paragraph 134
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=36&code=ifrs-tx-2019-en-r&anchor=para_134&doctype=Standard
-URIDate 2019-03-27

+ Details

Name:	ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfIntangibleAssetsAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 38
-IssueDate 2019-01-01
-Paragraph 118
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2019-en-r&anchor=para_118&doctype=Standard
-URIDate 2019-03-27

+ Details

Name:	ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about key assumptions by CGU for impairment test [table text block]

+ References

No definition available.

+ Details

Name:	kof_DisclosureOfDetailedInformationAboutKeyAssumptionsByCGUForImpairmentTestExplanatoryTableTextBlock
Namespace Prefix:	kof_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about sensitivity to changes in assumptions [table text block]

+ References

No definition available.

+ Details

Name:	kof_DisclosureOfDetailedInformationAboutSensitivityToChangesInAssumptionsExplanatoryTableTextBlock
Namespace Prefix:	kof_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration