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Transactions and balances with related parties (Tables)
 12 Months Ended
Dec. 31, 2020
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 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.
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 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
           

 

 

  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