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Information by segment | 12 Months Ended
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Dec. 31, 2024
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:
2024 | Mexico and Central America (1) | South America (2) | Consolidated
Total revenues | Ps. 166,996 | Ps. 112,797 | Ps. 279,793
Intercompany revenue | 10,180 |  | 5 |  | 10,185 |
External Revenues | Ps. 156,816 | Ps. 112,792 | Ps. 269,608
Cost of goods sold | 86,214 |  | 64,843 |  | 151,057 |
Gross profit | Ps. 80,782 | Ps. 47,954 | Ps. 128,736
Administrative Expenses | 9,715 |  | 3,963 |  | 13,678 |
Selling Expenses | 44,095 |  | 30,328 |  | 74,423 |
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method | 25,037 |  | 10,974 |  | 36,011 |
Depreciation and amortization | Ps. 7,597 | Ps. 4,530 | Ps. 12,127
Non-cash items other than depreciation and amortization | 2,341 |  | 1,596 |  | 3,937 |
Equity in earnings (loss) of associated companies and joint ventures | Ps. 255 | Ps. 51 | Ps. 306
Total assets | 187,417 |  | 120,569 |  | 307,986 |
Investments in associate companies and joint ventures | Ps. 9,037 | Ps. 1,196 | Ps. 10,233
Total liabilities | 118,616 |  | 38,829 |  | 157,445 |
Capital expenditures, net (3) | Ps. 19,772 | Ps. 9,644 | Ps. 29,416
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
Cost of goods sold | 77,698 |  | 56,530 |  | 134,228 |
Gross profit | Ps. 71,665 | Ps. 39,195 | Ps. 110,860
Administrative Expenses | 9,500 |  | 3,320 |  | 12,820 |
Selling Expenses | 38,843 |  | 24,435 |  | 63,278 |
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 | Ps. 6,788 | Ps. 3,743 | Ps. 10,531
Non-cash items other than depreciation and amortization | 864 |  | 843 |  | 1,707 |
Equity in earnings (loss) of associated companies and joint ventures | Ps. 206 | Ps. 9 | Ps. 215
Total assets | 168,011 |  | 105,509 |  | 273,520 |
Investments in associate companies and joint ventures | Ps. 7,963 | Ps. 1,283 | Ps. 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
Cost of goods sold | 68,967 |  | 57,473 |  | 126,440 |
Gross profit | Ps. 62,035 | Ps. 38,265 | Ps. 100,300
Administrative Expenses | 7,872 |  | 3,391 |  | 11,263 |
Selling Expenses | 32,956 |  | 24,762 |  | 57,718 |
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 | Ps. 6,424 | Ps. 4,001 | Ps. 10,425
Non-cash items other than depreciation and amortization | 957 |  | 781 |  | 1,738 |
Equity in earnings (loss) of associated companies and joint ventures | Ps. 417 | Ps. (31) | Ps. 386
Total assets | 172,711 |  | 105,284 |  | 277,995 |
Investments in associate companies and joint ventures | Ps. 6,925 | Ps. 1,527 | Ps. 8,452
Total liabilities | 113,554 |  | 32,565 |  | 146,119 |
Capital expenditures, net (3) | 11,759 |  | 7,906 |  | 19,665 |
(1) Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 135,906, Ps. 122,615 and Ps. 106,911 during the years ended December 31, 2024, 2023 and 2022, respectively. Domestic (Mexico only) total assets were Ps. 159,498, Ps. 146,253 and Ps. 152,236 as of December 31, 2024, 2023 and 2022, respectively. Domestic (Mexico only) total liabilities were Ps. 109,855, Ps. 98,652 and Ps. 108,073 as of December 31, 2024, 2023 and 2022, respectively. (2) South America includes Brazil, Argentina, Colombia and Uruguay. South America revenues include Brazilian revenues of Ps. 74,126, Ps. 66,963 and Ps. 63,944 during the years ended December 31, 2024, 2023 and 2022, respectively. Brazilian total assets were Ps. 83,899, Ps. 77,513 and Ps. 77,026 as of December 31, 2024, 2023 and 2022, respectively. Brazilian total liabilities were Ps. 26,629, Ps. 26,571 and Ps. 24,003 as of December 31, 2024, 2023 and 2022, respectively. South America revenues also include Colombian revenues of Ps. 20,995 Ps. 17,680 and Ps. 16,799 during the years ended December 31, 2024, 2023 and 2022, respectively. Colombian total assets were Ps. 19,835, Ps. 17,753 and Ps. 14,607 as of December 31, 2024, 2023 and 2022, respectively. Colombian total liabilities were Ps. 6,150, Ps. 5,337 and Ps. 3,902 as of December 31, 2024, 2023 and 2022, respectively. South America revenues also include Argentine revenues of Ps. 12,557, Ps. 6,668 and Ps. 10,917 during the years ended December 31, 2024, 2023 and 2022, respectively. Argentine total assets were Ps. 9,324, Ps. 4,304 and Ps. 7,344 as of December 31, 2024, 2023 and 2022, respectively. Argentine total liabilities were Ps. 3,677, Ps. 1,456 and Ps. 2,378 as of December 31, 2024, 2023 and 2022, respectively. South America revenues also include Uruguay revenues of Ps. 5,119, Ps. 4,415 and Ps. 4,078 during the years ended on December 31, 2024, 2023 and 2022, respectively. Uruguay total assets were Ps. 7,511, Ps. 5,939 and Ps. 6,307 as of December 31, 2024, 2023 and 2022, respectively. Uruguay total liabilities were Ps. 2,374, Ps. 1,553 and Ps. 2,282, as of December 31, 2024, 2023 and 2022, respectively. (3) Includes disposals of property, plant and equipment, intangible assets and other long-lived assets of 2024 is Ps. 137, 2023 Ps. 93 and 2022 Ps. 250

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