XML 36 R23.htm IDEA: XBRL DOCUMENT
v3.21.1

Transactions and balances with related parties | 12 Months Ended
--- | ---
Dec. 31, 2020
Disclosure of transactions between related parties [abstract] |
Transactions and balances with related parties |
| 18. | Transactions and balances with related parties
| a. | Transactions with related parties, carried out in the ordinary course of business, were as follows:
| 2 0 2 0 |  | 2 0 1 9 |  | 2 0 1 8
Holding company |  |  |  |  |  |  |  |
Interest expense | $ | - |  | $ | - |  | $ | 7,346
Interest income |  | 41,034 |  |  | 265,200 |  |  | 210,514
Management staff |  |  |  |  |  |  |  |
Administrative services expenditures |  | 199,488 |  |  | 23,548 |  |  | 23,494
Other related parties |  |  |  |  |  |  |  |
Sales |  | 188,082 |  |  | 249,560 |  |  | 20,375
Purchases |  | 27,507 |  |  | 438,052 |  |  | 372,759
Direct short-term benefits (*) |  | 90,562 |  |  | 106,631 |  |  | 90,600
(*) Correspond to the salaries, allowances and bonuses paid to the executives of Simec.
| b. | Balances receivable from and payable to related parties are as follows:
| December 31,
| 2 0 2 0 |  | 2 0 1 9
Short-term |  |  |  |  |
Accounts receivable: |  |  |  |  |
Industrias CH, S.A.B. de C.V. | $ | 6,073 |  | $ | -
Cá. Laminadora Vista Hermosa, S.A. de C.V. |  | 611 |  |  | -
Operadora compañía Mexicana de Tubos, S.A. de C.V. |  | 848 |  |  | -
Cía Tubos y Perfiles Monterrey, S.A. de C.V. |  | 3,318 |  |  | -
Operadora Perfiles Sigosa, S.A. de C.V. |  | 3,452 |  |  | -
Operadora Construalco, S.A. de C.V. |  | 3,320 |  |  | 717
Operadora Industrial de Herramientas, S.A. de C.V. |  | 411 |  |  | 38
Perfiles Comerciales Sigosa, S.A. de C.V. |  |  |  |  | 2,250
Joist del Golfo, S.A. de C.V. |  | 12,192 |  |  | 5,105
Ferrovisa, S.A. |  | 17,762 |  |  |
Others |  | 782 |  |  | 5,816
| $ | 52,706 |  | $ | 13,925
| December 31,
| 2 0 2 0 |  | 2 0 1 9
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. | $ | 858,510 |  | $ | 780,989
Perfiles Comerciales Sigosa, S.A. de C.V. |  | 150,233 |  |  | 142,268
| $ | 1,008,743 |  | $ | 923,257
Total, long-term | $ | 1,657,024 |  | $ | 1,571,538
The account receivable with Industrias CH, S.A.B. de C.V. corresponds mainly to ISR balances to be recovered, due to the fact that some companies consolidated ISR for tax purposes until 2013 with this company. At December 31, 2020, loans denominated in both USD and pesos, were outstanding from Industrias CH, S.A.B. de C.V. In USD 24,400, equivalent to $506,354 Mx. Pesos, plus interest for $93,816, plus VAT of $14,279, resulting a total for $614,449 (as of December 31, 2019, the loan is equivalent to $479,368, plus interest of $61,978, plus VAT of $9,273, giving as a result, a total for $550,619); the interest rate agreed was TIIE plus a percentual point. The loan in pesos for $186,752 plus interest of $49,404 plus the IVA of $7,905 for a balance of $244,061 (as of December 31, 2019 this amount, when to $186,752 plus interest of $37,602, plus VAT of $6,016 for a balance of $230,370). These granted loans in USD and pesos including interest amount to $858,510 as of December 31, 2019. ($780,989). At December 31, 2020, there was a loan receivable from Perfiles Comerciales Sigosa, S.A. de C.V., including interests of $ 150,233 (USD $7,536,068), and a balance pending collection of $ 142,268, as of December 31, 2019.
| 2 0 2 0 |  | 2 0 1 9
Accounts payable: |  |  |  |  |
Aceros y Laminados Sigosa, S.A. de C.V. | $ | 4,625 |  | $ | 1,853
Industrias CH, S.A.B. de C.V. |  | 214,294 |  |  | 208,223
Perfiles Comeciales Sigosa, S.A. de C.V. |  | 1,292 |  |  | 3,632
Holding Protel, S.A. de C.V. |  | 251 |  |  | 251
Compañia Laminadora Vista Hermosa, S.A. de C.V. |  | 1,404 |  |  | 1,904
Operadora Perfiles Sigosa, S.A. de C.V. |  | 3,855 |  |  | 5,850
Operadora Pytsa Industrial, S.A. de C.V. |  | 9,073 |  |  | 8,233
Comercializadora SIGOSA, S.A. de C.V. |  | 102,067 |  |  | 0
Compañia Manufacturera de Tubos, S.A. de C.V. |  | 7,377 |  |  | 9,631
Operadora Compañia Mexicana de Tubos, S.A. de C.V. |  | 6,287 |  |  | 0
Cía. Mexicana de Perfiles y Tubos, S.A. de C.V. |  | 634 |  |  | -
Others |  | 352 |  |  | 1,949
| $ | 351,511 |  | $ | 241,526
The other accounts payable correspond to services and / or purchases of finished products according to their activity.

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2020-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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