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Information by segment | 12 Months Ended
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Dec. 31, 2023
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. 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 determined 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 and (ii) historical and projected financial and operating statistics, historically and according to the Company´s 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. Inter-segment revenues are not material and are eliminated upon consolidation. Each operating segment reported reflects figures net of intersegment revenues. Segment disclosure for the Company’s consolidated operations is as follows:
2023 | Mexico and Central America (1) | South America (2) | Consolidated
Total revenues | Ps. 149,362 | Ps. 95,726 | Ps. 245,088
Intercompany revenue | 8,427 |  | 26 |  | 8,453 |
External Revenues | Ps. 140,935 | Ps. 95,700 | Ps. 236,635
Gross profit | 71,665 |  | 39,195 |  | 110,860 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method | 18,152 |  | 10,640 |  | 28,792 |
Depreciation and amortization | 6,788 |  | 3,743 |  | 10,531 |
Non-cash items other than depreciation and amortization | 864 |  | 843 |  | 1,707 |
Equity in earnings (loss) of associated companies and joint ventures | 206 |  | 9 |  | 215 |
Total assets | 168,011 |  | 105,509 |  | 273,520 |
Investments in associate companies and joint ventures | 7,963 |  | 1,283 |  | 9,246 |
Total liabilities | 104,898 |  | 34,917 |  | 139,815 |
Capital expenditures, net (3) | 13,415 |  | 7,981 |  | 21,396 |
2022 | Mexico and Central America (1) | South America (2) | Consolidated
Total revenues | Ps. 131,002 | Ps. 95,738 | Ps. 226,740
Intercompany revenue | 6,487 |  | 2 |  | 6,489 |
External Revenues | Ps. 124,515 | Ps. 95,736 | Ps. 220,251
Gross profit | 62,035 |  | 38,265 |  | 100,300 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method | 15,797 |  | 9,990 |  | 25,787 |
Depreciation and amortization | 6,424 |  | 4,001 |  | 10,425 |
Non-cash items other than depreciation and amortization | 957 |  | 781 |  | 1,738 |
Equity in earnings (loss) of associated companies and joint ventures | 417 |  | (31) |  | 386 |
Total assets | 172,711 |  | 105,284 |  | 277,995 |
Investments in associate companies and joint ventures | 6,925 |  | 1,527 |  | 8,452 |
Total liabilities | 113,554 |  | 32,565 |  | 146,119 |
Capital expenditures, net (3) | 11,759 |  | 7,906 |  | 19,665 |
2021 | Mexico and Central America (1) | South America (2) | Consolidated
Total revenues | Ps. 115,794 | Ps. 79,010 | Ps. 194,804
Intercompany revenue | 5,415 |  | 13 |  | 5,428 |
External Revenues | Ps. 110,379 | Ps. 78,997 | Ps. 189,376
Gross profit | 57,366 |  | 31,232 |  | 88,598 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method | 15,792 |  | 7,060 |  | 22,852 |
Depreciation and amortization | 5,988 |  | 3,846 |  | 9,834 |
Non-cash items other than depreciation and amortization | 1,052 |  | 561 |  | 1,613 |
Equity in earnings (loss) of associated companies and joint ventures | 141 |  | (53) |  | 88 |
Total assets | 170,543 |  | 101,024 |  | 271,567 |
Investments in associate companies and joint ventures | 5,991 |  | 1,503 |  | 7,494 |
Total liabilities | 115,738 |  | 28,257 |  | 143,995 |
Capital expenditures, net (3) | 9,800 |  | 4,064 |  | 13,865 |
(1) Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 122,615, Ps. 106,911 and Ps. 94,762 during the years ended December 31, 2023, 2022 and 2021, respectively. Domestic (Mexico only) total assets were Ps. 146,253, Ps. 152,236 and Ps. 149,421 as of December 31, 2023, 2022 and 2021, respectively. Domestic (Mexico only) total liabilities were Ps. 98,652, Ps. 108,073 and Ps. 109,945 as of December 31, 2023, 2022 and 2021, respectively. (2) South America includes Brazil, Argentina, Colombia and Uruguay. South America revenues include Brazilian revenues of Ps. 66,963, Ps. 63,944 and Ps. 53,051 during the years ended December 31, 2023, 2022 and 2021, respectively. Brazilian total assets were Ps. 77,513, Ps. 77,026 and Ps. 74,163 as of December 31, 2023, 2022 and 2021, respectively. Brazilian total liabilities were Ps. 26,571, Ps. 24,003 and Ps. 20,440 as of December 31, 2023, 2022 and 2021, respectively. South America revenues also include Colombian revenues of Ps. 17,680 Ps. 16,799 and Ps. 14,180 during the years ended December 31, 2023, 2022 and 2021, respectively. Colombian total assets were Ps. 17,753, Ps. 14,607 and Ps. 15,132 as of December 31, 2023, 2022 and 2021, respectively. Colombian total liabilities were Ps. 5,337, Ps. 3,902 and Ps. 3,395 as of December 31, 2023, 2022 and 2021, respectively. South America revenues also include Argentine revenues of Ps. 6,668, Ps. 10,917 and Ps. 8,408 during the years ended December 31, 2023, 2022 and 2021, respectively. Argentine total assets were Ps. 4,304, Ps. 7,344 and Ps. 6,087 as of December 31, 2023, 2022 and 2021, respectively. Argentine total liabilities were Ps. 1,456, Ps. 2,378 and Ps. 2,013 as of December 31, 2023, 2022 and 2021, respectively. South America revenues also include Uruguay revenues of Ps. 4,415, Ps. 4,078 and Ps. 3,371 during the years ended on December 31, 2023, 2022 and 2021, respectively. Uruguay total assets were Ps. 5,939, Ps. 6,307 and Ps. 5,642 as of December 31, 2023, 2022 and 2021, respectively. Uruguay total liabilities were Ps. 1,553, Ps. 2,282 and Ps. 2,409, as of December 31, 2023, 2022 and 2021, respectively. (3) Includes disposals of property, plant and equipment, intangible assets and other long-lived assets of 2023 is Ps. 93, 2022 Ps. 250 and 2021 Ps. 57

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