XML 57 R45.htm IDEA: XBRL DOCUMENT
v3.19.2

Transactions and balances with related parties (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Disclosure of transactions between related parties [abstract] |
Schedule of Transactions with Related Parties |
a.Transactions | with related parties, carried out in the ordinary course of business, were as follows:
| 2 0 1 8 |  | As restated 2 0 1 7 |  | As restated 2 0 1 6
Holding company |  |  |  |  |  |  |  |
Interest expense | $ | 7,346 |  | $ | 5,325 |  | $ | 4,590
Interest income |  | 210,514 |  |  | 198,054 |  |  | 49,321
Management staff |  |  |  |  |  |  |  |
Administrative services expenditures |  | 23,494 |  |  | 25,603 |  |  | 23,717
Other related parties |  |  |  |  |  |  |  |
Sales |  | 20,375 |  |  | 3,632 |  |  | 5,160
Purchases |  | 372,759 |  |  | 51,760 |  |  | 324,145
Direct short-term benefits (*) |  | 90,600 |  |  | 82,447 |  |  | 71,629
(*) Correspond to the salaries, allowances and bonuses paid to the executives of Simec.
Schedule of Balances Receivable from and Payable to Related Parties |
Balances receivable from and payable to related parties are integrated as follows (See note 24):
| December 31, |
| 2 0 1 8 |  | As restated 2 0 1 7 |
Short term |  |  |  |  |  |
Accounts receivable: |  |  |  |  |  |
Compañía Laminadora Vista Hermosa, S.A. de C.V. | $ | 360 |  | $ | 3,056 |
Operadora Construalco, S.A. de C.V. |  | 548 |  |  | 793 |
Compañia Manufacturera de Tubos, S.A. de C.V. |  |  |  |  | 39,153 |
Operadora Industrial de Herramientas, S.A. de C.V. |  | 912 |  |  | 1,731 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  | 1,597 |  |  |  |
Joist del Golfo, S.A. de C.V. |  | 6,516 |  |  | 5,328 |
Proyectos Comerciales el Ninzi, S.A. de C.V. |  |  |  |  | 145,824 |
Others |  | 5,798 |  |  | 5,579 |
| $ | 15,731 |  | $ | 201,464 |
These balances correspond to accounts receivable for services and / or sales of specific finished products for their activity. |
Loans to related parties: |  |  |  |  |  |
Compañia Laminadora Vista Hermosa, S.A. de C.V. | $ | 183,171 |  |  |  |
Operadora Compañia Mexicana de Tubos, S.A. de C.V. |  | 38,232 |  |  |  |
Compañia Manufacturera de Tubos, S.A. de C.V. |  | 44,472 |  |  |  |
|  | 265,875 |  |  |  |
Total short term | $ | 281,606 |  | $ | 201,464 |
| December 31, |
| 2 0 1 8 |  | As restated 2 0 1 7 |
Long term |  |  |  |  |  |
Accounts receivable: |  |  |  |  |  |
Industrias CH, S.A.B. de C.V. | $ | 648,281 |  | $ | 648,281 |
| $ | 648,281 |  | $ | 648,281 |
Loans to related parties: Industrias CH, S.A.B de C.V. | $ | 730,278 |  | $ | 530,281 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  | 579,047 |  |  | 806,397 |
Proyectos Comerciales el Ninzi, S.A. de C.V. |  | 376,790 |  |  | 1,695,921 |
| $ | 1,686,115 |  | $ | 3,032,599 |
Total, long term | $ | 2,334,396 |  | $ | 3,680,880 |
| December 31,
| 2 0 1 8 |  | As restated 2 0 1 7
Accounts payable: |  |  |  |  |
Aceros y Laminados Sigosa, S.A. de C.V. | $ | 1,854 |  | $ | 1,854
Industrias CH, S.A.B. de C.V. |  | 205,879 |  |  | 205,902
Perfiles Comeciales Sigosa, S.A. de C.V. |  |  |  |  | 2,096
Holding Protel, S.A. de C.V. |  |  |  |  | 1,593
Pytsa Industrial, S.A. de C.V. |  |  |  |  | 3,083
Operadora Perfiles Sigosa, S.A. de C.V. |  | 112,587 |  |  | 11,777
Operadora Pytsa Industrial, S.A. de C.V. |  | 5,185 |  |  | 20,381
Tuberias Procarsa, S.A. de C.V. |  | 1,942 |  |  | 3,866
Compañia Manufacturera de Tubos, S.A. de C.V. |  | 6,220 |  |  |
Others |  | 924 |  |  | 1,124
| $ | 334,591 |  | $ | 251,676
Loans from related parties: |  |  |  |  |
Industrias CH, S.A.B. de C.V. | $ |  |  | $ | 226,820
Tuberias Procarsa, S.A. de C.V. |  |  |  |  | 591,789
Procarsa Tube and Pipe Co. |  |  |  |  | 59,648
Pytsa Industrial de Mexico, S.A. de C.V. |  |  |  |  | 102,550
|  |  |  |  | 980,807
Total | $ | 334,591 |  | $ | 1,232,48384

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2018-01-01 -Paragraph 18 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=24&date=2018-03-01&anchor=para_18&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about balances receivable from and payable to related parties. + References No definition available. + Details
Name: | simecb_DisclosureOfDetailedInformationAboutBalancesReceivableFromAndPayableToRelatedPartiesExplanatory
Namespace Prefix: | simecb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration