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Income taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Major components of tax expense (income) [abstract]  
Schedule of Income Tax Charged (Credited)

The analysis of the income tax charged to the results of 2019, 2018 and 2017 is as follows:

 

  2 0 1 9   2 0 1 8   2 0 1 7
                 
Income tax of the year for Mexican companies $ 3,177,506   $ 67,745   $ 19
Income tax year for foreign companies     301,263     444,104     44,751
Deferred tax for Mexican companies   12,978     408,141     656,060
Deferred tax for foreign companies      (215,473)           (167,528)     421,979
  $ 3,276,274   $ 752,462   $ 1,122,809
Schedule of Income Tax Expense (Benefit)

During 2019 and 2018, the income tax expense (benefit) attributable to income was different from the one that will result for applying 30% (tax rate in Mexico) before these provisions, as a result of the items shown below:

  2 0 1 9   2 0 1 8   2 0 1 7
                 
Expected benefit, expense $       514,294   $ 1,308,828   $ 890,249
Increase (decrease) as a result of:                
Inflation effect, net   (417,960)     (114,419)     (217,249)
Impact of the nominal rate differences between the USA and Mexico   (23,368)     (35,914)     (16,572)
Benefit from utilization of tax loss carry-forward sand others (1)   (987,135)     (1,238,444)     (115,068)
Others, net (includes permanent items)    1,802,118     832,411     581,449
Income tax expense (2) $ 887,949   $ 752,462   $ 1,122,809
Effective tax rate   54.26%     17.92%     37.21%
             
(1)This amount corresponds to the income tax benefit obtained by those companies that used tax loss carry-forwards in the years presented that were generated previously 2019, 2018 and 2017 , less the effect of tax losses incurred by some subsidiaries for which no deferred tax asset was recorded.

 

(2)For the purpose of determining the effective tax rate, the payments corresponding to taxes from previous years and expenses that were paid by various group companies derived from repair agreements during the 2019 fiscal year were not considered within the income tax expense.
Schedule of Tax Losses Pending of Amortize

As of December 31, 2019, Grupo Simec, S.A.B. de C.V. and certain of its Mexican subsidiaries have updated tax losses pending of amortize as follows:

 

Origin

Date

  

Expiration

Date

   Tax losses  available  
2011   2021     9,293,585 (1)
2012   2022     9  
2013   2023     4,842  
2014   2024     16,198  
2015   2025     7,874  
2016   2026     121,737  
2017   2027     310,041  
2018   2028     112,323  
2019   2029     1,196,196  
        $ 11,062,805  

 

(1)This amount includes $ 9,268,569 corresponding to a tax loss from the sale of shares which, according to the Income Tax Law, can only be applied against taxable profits on the sale of shares generated in the future.
Schedule of Deferred Income Tax Liability

Below is a summary of the effects of the main temporary differences comprising the deferred income tax liability included in the consolidated statements of financial position.

 

  December 31,
  2 0 1 9   2 0 1 8
           

Deferred tax assets:

 

          
Allowance for doubtful accounts $ (50,476)   $ 1,045
Advances from customers   182,635     113,224
Deferred tax assets   132,159     114,269
           
Deferred tax liabilities:          
           
Property, plant and equipment   3,159,719     3,224,295
Intangible assets from Grupo San   318,768     310,025
Provisions   30,641     57,816
Prepaid expenses   33,137     29,879
           
Total deferred liabilities   3,542,265     3,622,015
           
Deferred tax liabilities, net $ 3,410,106   $ 3,507,746