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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, plant and equipment
10.Property, plant and equipment

 

Cost of property, plant and equipment is as follows (in millions of Mexican pesos):

 

   Land   Buildings   Machinery
and
equipment		   Transportation
equipment		   Furniture,
mixtures and
computer
equipment		   Constructions
and
machinery
in-progress		   Total 
                             
Balance to January 1, 2022  $1,415   $5,404   $30,141   $163   $152   $3,036   $40,311 
Additions   2    -    1,017    1    7    1,465    2,492 
Conversion adjustments   (19)   (153)   (1,457)   1    (4)   (108)   (1,740)
Balance as of December 31, 2023  $1,398   $5,251   $29,701   $165   $155   $4,393   $41,063 
                                    
Additions   12    0    854    0    6    1,255    2,127 
Conversion adjustments   6    22    1,863    0    0    168    2,059 
Balance as of December 31, 2024  $1,416   $5,273   $32,418   $165   $161   $5,816   $45,249 

 

Accumulated depreciation of property, plant and equipment is as follows (in millions of Mexican pesos):

 

   Buildings   Machinery and
equipment		   Transportation
equipment		   Furniture,
mixtures and
computer
equipment		   Total 
                     
Balance as of January 1, 2022   1,286   $22,074   $      86   $      82   $23,528 
                          
Depreciation expense   63    957    2    5    1,027 
Conversion effects   (31)   (1,412)   (1)   (2)   (1,446)
Balance as of December 31, 2023   1,318   $21,619   $87   $85   $23,109 
                          
Depreciation expense   57    990    2    5    1,054 
Conversion effects   (20)   1,470    (4)   (3)   1,443 
Balance as of December 31, 2024  $1,355   $24,079   $85   $87   $25,606 

 

The depreciation expense for the years ended December 31, 2024, and 2023 amounted to $ 1,066,382 and $ 1,035,244, respectively.

The net book value of property, plant and equipment is as follows (in millions of Mexican pesos):

 

Net Book Value:  Land   Buildings   Machinery
and
Equipment		   Transportation equipment   Furniture,
mixtures and
computer
equipment		   Constructions
and
machinery in-
progress		   Total 
                             
Balance as of January 1, 2023  $1,415   $4,118   $8,067   $           77   $        70   $3,036   $16,783 
                                    
Balance as of December 31, 2023  $1,398   $3,933   $8,082   $78   $70   $4,393   $17,954 
                                    
Balance as of December 31, 2024  $1,416   $3,918   $8,327   $80   $73   $5,816   $19,630 

 

As noted in note 2, the plants located in the United States of America ceased operations in October 2023. The amount as of December 31, 2023 of property, plant and equipment amounted to $ 2,105,393, net. A valuation of the plants was carried out by an expert in the field, in order to review whether a possible deterioration would have to be recorded.