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Non-Controlling Interest in Consolidated Subsidiaries | 12 Months Ended
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Dec. 31, 2023
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, 2023, 2022 and 2021 is as follows:
| 2023 | 2022 | 2021
Mexico | Ps. 5,459 | Ps. 5,337 | Ps. 5,200
Colombia | 80 | 16 | 19
Brazil | 1,141 | 1,138 | 803
| Ps. 6,680 | Ps. 6,491 | Ps. 6,022
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:
| 2023 | 2022 | 2021
Balance at beginning of the period | Ps. 6,491 | Ps. 6,022 | Ps. 5,583
Net income of non-controlling interest | 690 | 592 | 623
Exchange differences on translation of foreign operations | (365) | 37 | (210)
Valuation of the effective portion of derivative financial instruments, net of taxes | (46) | (104) | 87
Dividends paid | (90) | (56) | (61)
Balance at end of the period | Ps. 6,680 | Ps. 6,491 | Ps. 6,022

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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 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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