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Transactions and Balances with Related Parties | 12 Months Ended
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Dec. 31, 2022
Transactions and Balances with Related Parties [Abstract] |
Transactions and balances with related parties |
| 20. | Transactions and balances with related parties
| a. | Transactions with related parties, carried out in the ordinary course of business, were as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
Holding company |  |  |  |  |  |  |  |  |
Interest income |  |  | 55,848 |  |  |  | 34,447 |  |  |  | 41,034 |
Management staff |  |  |  |  |  |  |  |  |  |  |  |
Administrative services expenditures |  |  | 275,063 |  |  |  | 113,018 |  |  |  | 199,488 |
Other related parties |  |  |  |  |  |  |  |  |  |  |  |
Sales |  |  | 392,531 |  |  |  | 391,664 |  |  |  | 188,082 |
Purchases |  |  | 253,931 |  |  |  | 40,081 |  |  |  | 27,507 |
Direct short-term benefits (*) |  |  | 120,151 |  |  |  | 78,321 |  |  |  | 90,562 |
| (*) | 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, |
|  | 2022 |  |  | 2021 |
Short-term |  |  |  |  |  |
Accounts receivable: |  |  |  |  |  |
Industrias CH, S.A.B. de C.V. |  | $ | 62,055 |  |  | $ | 6,073 |
Cía. Laminadora Vista Hermosa, S.A. de C.V. |  |  | 974 |  |  |  | 628 |
Operadora Compañía Mexicana de Tubos, S.A. de C.V. |  |  | 824 |  |  |  | 873 |
Compañía Manufacturera de Tubos, S.A. de C.V. |  |  | 2,799 |  |  |  |  |
Cía. Tubos y Perfiles Monterrey, S.A. de C.V. |  |  | 3,371 |  |  |  | 3,318 |
Operadora Perfiles Sigosa, S.A. de C.V. |  |  | 3,999 |  |  |  | 2,872 |
Operadora Construalco, S.A. de C.V. |  |  | 606 |  |  |  | 519 |
Aceros y Laminados Sigosa, S.A. de C.V. |  |  | 16,473 |  |  |  | 1,638 |
Arrendadora Norte de Matamoros, S.A. de C.V. |  |  | 1,294 |  |  |  | 1,294 |
Operadora Industrial de Herramientas, S.A. de C.V. |  |  |  |  |  |  | 816 |
Joist del Golfo, S.A. de C.V. |  |  | 2,582 |  |  |  | 5,227 |
Holding Protel, S.A. de C.V. |  |  | 304 |  |  |  |  |
Aceros CH, S.A. de C.V. |  |  | 130 |  |  |  |  |
Sigosa Aceros, S.A. de C.V. |  |  | 14 |  |  |  | 18,942 |
Siderúrgicos del Golfo, S.A. de C.V. |  |  | 832 |  |  |  | 940 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  |  | 4,125 |  |  |  | 25,588 |
Pytsa Industrial de Mexico. S.A. de C.V. |  |  | 438 |  |  |  | 438 |
Aceros y Laminados Sigosa, S.A. de C.V. |  |  |  |  |  |  | 820 |
Acertam, S.A. de C.V. |  |  | 785 |  |  |  |  |
Servicios Estructurales, S.A. de C.V. |  |  | 3,047 |  |  |  |  |
Others |  |  | 151 |  |  |  | 246 |
|  | $ | 104,803 |  |  | $ | 70,232 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
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. |  | $ | 959,153 |  |  | $ | 915,553 |
Perfiles Comerciales Sigosa, S.A. de C.V. |  |  | 145,910 |  |  |  | 154,605 |
|  | $ | 1,105,063 |  |  | $ | 1,070,158 |
Total, long-term |  | $ | 1,753,344 |  |  | $ | 1,718,439 |
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. Loans: 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, 2021. As of January 2022 an amending Agreement was made where the balance as of that date remains in Mexican pesos. As of December 31,2021 a loan in pesos from Industrias CH, S.A.B. de C.V. for $186,752 plus interest of $59,054 plus the IVA of $9,449 for a balance of $255,255. These granted loans in USD and pesos including interest amount to $ 959,153 as of December 31, 2022. (2021 $915,553). As of December 31, 2022, including the loan in USD converted into pesos, were as follows: $707,851 plus interests of 217,357, plus VAT of $33,945, with a total of $959,153. As of December 31, 2022, there is a receivable from Perfiles Comerciales Sigosa, S.A. de C.V., derived from loan interest of $ 145,910 (USD $7,742,685), and a balance receivable of $ 154,605, as of December 31, 2021.
|  | 2022 |  |  | 2021 |
Accounts payable: |  |  |  |  |  |
Aceros y Laminados Sigosa, S.A. de C.V. |  | $ | 24,455 |  |  | $ | 7,155 |
Industrias CH, S.A.B. de C.V. |  |  | 245,388 |  |  |  | 214,294 |
Perfiles Comeciales Sigosa, S.A. de C.V. |  |  | 3,802 |  |  |  | 3,802 |
Holding Protel, S.A. de C.V. |  |  | 251 |  |  |  | 251 |
Compañia Laminadora Vista Hermosa, S.A. de C.V. |  |  | 518 |  |  |  | 445 |
Operadora Perfiles Sigosa, S.A. de C.V. |  |  | 2,800 |  |  |  | 2,074 |
Operadora Pytsa Industrial, S.A. de C.V. |  |  | 8,353 |  |  |  | 11,603 |
Comercializadora Sigosa, S.A. de C.V. |  |  |  |  |  |  | 2,532 |
Compañia Manufacturera de Tubos, S.A. de C.V. |  |  | 9,837 |  |  |  | 7,174 |
Operadora Compañia Mexicana de Tubos, S.A. de C.V. |  |  | 7,583 |  |  |  | 7,090 |
Sigosa Aceros, S.A. de C.V. |  |  | 7 |  |  |  | 48,096 |
Cía. Mexicana de Perfiles y Tubos, S.A. de C.V. |  |  | 595 |  |  |  | 595 |
Industrias Procarsa, S.A. de C.V. |  |  | 139 |  |  |  | 156 |
Ferrovisa, S.A. de C.V. |  |  | 7,069 |  |  |  | 7,458 |
Other |  |  | 195 |  |  |  | 188 |
|  | $ | 310,992 |  |  | $ | 312,913 |
The other accounts payable correspond to services and / or purchases of finished products according to their activity.
Loans from related parties: |  |  |  |  |  |
Operadora de Perfiles Sigosa, S.A. de C.V. |  | $ | 2,381,464 |  |  | $ |  |
|  | $ | 2,381,464 |  |  | $ |  |
|  | $ | 2,692,456 |  |  | $ | 312,913 |
This balance corresponds to a current account loan granted by Operadora de Perfiles Sigosa, S.A. de C.V. (Sigosa), to be invested in Treasury Bonds; the interest derived from said investment upon expiration thereof, will be delivered to Sigosa.

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