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Transactions and balances with related parties (Tables) | 12 Months Ended
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Dec. 31, 2019
Disclosure of transactions between related parties [abstract] |
Schedule of Transactions with Related Parties |
|  | Transactions with related parties, carried out in the ordinary course of business, were as follows:
| 2 0 1 9 |  | 2 0 1 8 |  | 2 0 1 7
Holding company |  |  |  |  |  |  |  |
Interest expense | $ |  |  | $ | 7,346 |  | $ | 5,325
Interest income |  | 265,200 |  |  | 210,514 |  |  | 198,054
Management staff |  |  |  |  |  |  |  |
Administrative services expenditures |  | 23,548 |  |  | 23,494 |  |  | 25,603
Other related parties |  |  |  |  |  |  |  |
Sales |  | 249,560 |  |  | 20,375 |  |  | 3,632
Purchases |  | 438,052 |  |  | 372,759 |  |  | 51,760
Direct short-term benefits (*) |  | 106,631 |  |  | 90,600 |  |  | 82,447
(*) 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 as follows:
| December 31, |
| 2 0 1 9 |  | 2 0 1 8 |
Short term |  |  |  |  |  |
Accounts receivable: |  |  |  |  |  |
Compañía Laminadora Vista Hermosa, S.A. de C.V. | $ |  |  | $ | 360 |
Operadora Construalco, S.A. de C.V. |  | 717 |  |  | 548 |
Operadora Industrial de Herramientas, S.A. de C.V. |  | 38 |  |  | 912 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  | 2,250 |  |  | 1,597 |
Joist del Golfo, S.A. de C.V. |  | 5,105 |  |  | 6,516 |
Others |  | 5,815 |  |  | 5,798 |
| $ | 13,925 |  | $ | 15,731 |
These balances correspond to accounts receivable for services and / or sales of specific finished products for their activity. December 31, |
|  | 2 0 1 9 |  |  | 2 0 1 8 |
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 | $ | 13,925 |  | $ | 281,606
| December 31, |  |  |
| 2 0 1 9 |  | 2 0 1 8 |
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. | $ | 780,989 |  | $ | 730,278 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  | 142,268 |  |  | 579,047 |
Proyectos Comerciales el Ninzi, S.A. de C.V. |  |  |  |  | 376,790 |
| $ | 923,257 |  | $ | 1,686,115 |
Total, long term | $ | 1,571,538 |  | $ | 2,334,396 |
|  | December 31,
|  | 2 0 1 9 |  | 2 0 1 8
| Accounts payable: |  |  |  |  |
| Aceros y Laminados Sigosa, S.A. de C.V. | $ | 1,853 |  | $ | 1,854
| Industrias CH, S.A.B. de C.V. |  | 208,223 |  |  | 205,879
| Perfiles Comeciales Sigosa, S.A. de C.V. |  | 3,632 |  |  |
| Holding Protel, S.A. de C.V. |  | 251 |  |  |
| Compañia Laminadora Vista Hermosa, S.A. de C.V. |  | 1,904 |  |  |
| Operadora Perfiles Sigosa, S.A. de C.V. |  | 5,850 |  |  | 112,587
| Operadora Pytsa Industrial, S.A. de C.V. |  | 8,233 |  |  | 5,185
| Tuberias Procarsa, S.A. de C.V. |  |  |  |  | 1,942
| Compañia Manufacturera de Tubos, S.A. de C.V. |  | 9,631 |  |  | 6,220
| Others |  | 1,949 |  |  | 924
|  | $ | 241,526 |  | $ | 334,591

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