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Non-Controlling Interest in Consolidated Subsidiaries | 12 Months Ended
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Dec. 31, 2021
Disclosure of non controlling interest in consolidated subsidiaries [Abstract] |
Non-Controlling Interest in Consolidated Subsidiaries | Non-Controlling Interest in Consolidated Subsidiaries An analysis of Coca-Cola FEMSA’s non-controlling interest in its consolidated subsidiaries as of December 31, 2021, 2020 and 2019 is as follows:
| 2021 | 2020 | 2019
Mexico | Ps. 5,200 | Ps. 4,823 | Ps. 5,671
Colombia | 19 | 22 | 21
Brazil | 803 | 738 | 1,059
| Ps. 6,022 | Ps. 5,583 | Ps. 6,751
Non-controlling interests in Mexico primarily represent the individual results of a Mexican holding company Kristine Overseas, S.A.P.I. de C.V. This entity also has non-controlling stakes in certain Brazilian subsidiaries. The changes in Coca-Cola FEMSA’s non-controlling interest were as follows:
| 2021 | 2020 | 2019
Balance at beginning of the period | Ps. 5,583 | Ps. 6,751 | Ps. 6,806
Net income of non-controlling interest | 623 | 61 | 529
Exchange differences on translation of foreign operations | (210) | (1,261) | (565)
Valuation of the effective portion of derivative financial instruments, net of taxes | 87 | 100 | (16)
Dividends paid | (61) | (68) | (3)
Balance at end of the period | Ps. 6,022 | Ps. 5,583 | Ps. 6,751

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- Definition The disclosure of non-controlling interests. [Refer: Non-controlling interests] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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