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Transactions and Balances with Related Parties | 12 Months Ended
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Dec. 31, 2021
Disclosure of related party [text block] [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:
|  | 2021 |  |  | 2020 |  |  | 2019 |
Holding company |  |  |  |  |  |
Interest income |  |  | 34,447 |  |  |  | 41,034 |  |  |  | 265,200 |
Management staff |  |  |  |  |  |  |  |  |  |  |  |
Administrative services expenditures |  |  | 113,018 |  |  |  | 199,488 |  |  |  | 23,548 |
Other related parties |  |  |  |  |  |  |  |  |  |  |  |
Sales |  |  | 391,664 |  |  |  | 188,082 |  |  |  | 249,560 |
Purchases |  |  | 40,081 |  |  |  | 27,507 |  |  |  | 438,052 |
Direct short-term benefits (*) |  |  | 78,321 |  |  |  | 90,562 |  |  |  | 106,631 |
| (*) | 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, |
|  | 2021 |  |  | 2020 |
Short-term |  |  |  |  |  |  |  |
Accounts receivable: |  |  |  |  |  |  |  |
Industrias CH, S.A.B. de C.V. |  | $ | 6,073 |  |  | $ | 6,073 |
Cá. Laminadora Vista Hermosa, S.A. de C.V. |  |  | 628 |  |  |  | 611 |
Operadora compañía Mexicana de Tubos, S.A. de C.V. |  |  | 873 |  |  |  | 848 |
Cía Tubos y Perfiles Monterrey, S.A. de C.V. |  |  | 3,318 |  |  |  | 3,318 |
Operadora Perfiles Sigosa, S.A. de C.V. |  |  | 2,872 |  |  |  | 3,452 |
Operadora Construalco, S.A. de C.V. |  |  | 519 |  |  |  | 3,320 |
Aceros y Laminados Sigosa, S.A. de C.V. |  |  | 1,638 |  |  |  | 2,643 |
Arrendadora Norte de Matamoros, S.A. de C.V. |  |  | 1,294 |  |  |  | 1,294 |
Operadora Industrial de Herramientas, S.A. de C.V. |  |  | 816 |  |  |  | 411 |
Joist del Golfo, S.A. de C.V. |  |  | 5,227 |  |  |  | 12,192 |
Ferrovisa, S.A. |  |  |  |  |  |  | 17,762 |
Sigosa Aceros, S.A. de C.V. |  |  | 18,942 |  |  |  |  |
Siderúrgicos del Golfo, S.A. de C.V. |  |  | 940 |  |  |  |  |
Perfiles Comerciales Sigosa, S.A. de C.V. |  |  | 25,588 |  |  |  |  |
Pytsa Industrial de Mexico. S.A. de C.V. |  |  | 438 |  |  |  |  |
Aceros y Laminados Sigosa, S.A. de C.V. |  |  | 820 |  |  |  |  |
Others |  |  | 246 |  |  |  | 782 |
|  | $ | 70,232 |  |  | $ | 52,706 |
|  | December 31,
|  | 2021 |  |  | 2020 |
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. |  | $ | 915,553 |  |  | $ | 858,510 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  |  | 154,605 |  |  |  | 150,233 |
|  | $ | 1,070,158 |  |  | $ | 1,008,743 |
Total, long-term |  | $ | 1,718,439 |  |  | $ | 1,657,024 |
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. In 2021, there are loans with Industrias CH, S.A.B. de C.V., in USD and pesos. These granted loans in USD and pesos including interest amount to $ 915,553 as of December 31, 2021. (2020 $858,510). In USD 25,400, equivalent to $521,208 Mx. Pesos, plus interest for $120,494, plus VAT of $18,596, resulting a total for $660,298 (as of December 31, 2020, the loan is equivalent to $506,354, plus interest of $93,816, plus VAT of $14,279, giving as a result, a total for $614,449); the interest rate agreed was TIIE plus a percentual point. The loan in pesos for $186,752 plus interest of $59,054 plus the IVA of $9,449 for a balance of $255,255 (as of December 31, 2020 this amount, when to $186,752 plus interest of $49,404, plus VAT of $7,905 for a balance of $244,061). As of December 31, 2021, there is a receivable from Perfiles Comerciales Sigosa, S.A. de C.V., derived from loan interest of $ 154,605 (USD $7,536,068), and a balance receivable of $ 150,233, as of December 31, 2020.
|  | 2021 |  | 2020 |
Accounts payable: |  |  |  |  |  |  |
Aceros y Laminados Sigosa, S.A. de C.V. |  | $ | 7,155 |  |  | $ | 4,625 |
Industrias CH, S.A.B. de C.V. |  |  | 214,294 |  |  |  | 214,294 |
Perfiles Comeciales Sigosa, S.A. de C.V. |  |  | 3,802 |  |  |  | 1,292 |
Holding Protel, S.A. de C.V. |  |  | 251 |  |  |  | 251 |
Compañia Laminadora Vista Hermosa, S.A. de C.V. |  |  | 445 |  |  |  | 1,404 |
Operadora Perfiles Sigosa, S.A. de C.V. |  |  | 2,074 |  |  |  | 3,855 |
Operadora Pytsa Industrial, S.A. de C.V. |  |  | 11,603 |  |  |  | 9,073 |
Comercializadora SIGOSA, S.A. de C.V. |  |  | 2,532 |  |  |  | 102,067 |
Compañia Manufacturera de Tubos, S.A. de C.V. |  |  | 7,174 |  |  |  | 7,377 |
Operadora Compañia Mexicana de Tubos, S.A. de C.V. |  |  | 7,090 |  |  |  | 6,287 |
Sigosa Aceros, S.A. de C.V. |  |  | 48,096 |  |  |  |  |
Cía. Mexicana de Perfiles y Tubos, S.A. de C.V. |  |  | 595 |  |  |  | 634 |
Industrias Procarsa, S.A. de C.V. |  |  | 156 |  |  |  | 0 |
Ferrovisa, S.A. de C.V. |  |  | 7,458 |  |  |  | 0 |
Others |  |  | 188 |  |  |  | 352 |
|  | $ | 312,913 |  |  | $ | 351,511 |
The other accounts payable correspond to services and / or purchases of finished products according to their activity.

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