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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.Transactionswith 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