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Transactions and Balances with Related Parties
 12 Months Ended
Dec. 31, 2024
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:

 

   2024   2023   2022 
             
Holding company            
Interest income   77,681    79,473    55,848 
                
Management staff               
Administrative services expenditures   65,889    133,970    275,063 
                
Other related parties               
Sales   332,505    631,770    392,531 
Purchases   226,007    220,884    253,931 
Direct short-term benefits (*)   63,100    113,773    120,151 

 

(*) 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, 
   2024   2023 
Short-term        
Accounts receivable:        
Industrias CH, S.A.B. de C.V.  $62,055   $62,055 
Cía. Laminadora Vista Hermosa, S.A. de C.V.   628    628 
Operadora Compañía Mexicana de Tubos, S.A. de C.V.   873    719 
Compañía Manufacturera de Tubos, S.A. de C.V.        4 
Cía. Tubos y Perfiles Monterrey, S.A. de C.V.   3,318    3,318 
Operadora Perfiles Sigosa, S.A. de C.V.   4,784    4,108 
Operadora Construalco, S.A. de C.V.   554    518 
Aceros y Laminados Sigosa, S.A. de C.V.   1,638    1,638 
Arrendadora Norte de Matamoros, S.A. de C.V.   1,294    1,294 
Comercializadora Sigosa, S.A. de C.V.        2,080 
Joist del Golfo, S.A. de C.V.   2,347    2,582 
Holding Protel, S.A. de C.V.   3    30 
Aceros CH, S.A. de C.V.   214    172 
Operadora Laminadora Vista Hermosa, S.A. de C.V.   3,573      
Siderúrgicos del Golfo, S.A. de C.V.   213    332 
Perfiles Comerciales Sigosa, S.A. de C.V.   31,822    4,125 
Pytsa Industrial de México. S.A. de C.V.        438 
Ferrovisa, S.A. de C.V.        19,225 
Acertam, S.A. de C.V.   785    785 
Servicios Estructurales, S.A. de C.V.   5,512    3,241 
Industrial Mexicana de Herramientas, S.A. de C.V.        739 
Others   589    152 
   $120,202   $108,183 
   December 31, 
   2024   2023 
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.  $1,134,678   $1,044,318 
Perfiles Comerciales Sigosa, S.A. de C.V.   125,612    125,612 
   $1,260,290   $1,169,930 
Total, long-term  $1,908,571   $1,818,211 

 

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:

 

As of December 31, 2023, including the loan in USD converted to pesos, they were as follows, $707,851 plus interest of $217,357, plus IVA of $33,945, resulting in a total of $959,153. As of December 31, 2024, the balance increased due to interest plus VAT corresponding to fiscal year 2023.

 

As of December 31, 2024 and 2023, there is a balance pending collection derived from loan interest with Perfiles Comerciales Sigosa, S.A. of C.V. for $ and $125,612 respectively, equivalent in dollars to (USD $7,536,068). As of December 31, 2023, the balance decreased due to a payment that was made during the year.

 

   December 31, 
   2024   2023 
Accounts payable:        
         
Aceros y Laminados Sigosa, S.A. de C.V.  $4,171   $4,143 
Industrias CH, S.A.B. de C.V.   214,671    214,671 
Perfiles Comeciales Sigosa, S.A. de C.V.   6,914    3,802 
Holding Protel, S.A. de C.V.   368    399 
Compañia Laminadora Vista Hermosa, S.A. de C.V.   706    520 
Operadora Perfiles Sigosa, S.A. de C.V.   9,662    2,800 
Operadora Pytsa Industrial, S.A. de C.V.   9,846    7,933 
Compañía Industrial Mexicana, S.A. de C.V.   578    570 
Compañia Manufacturera de Tubos, S.A. de C.V.   9,059    13,345 
Operadora Compañia Mexicana de Tubos, S.A. de C.V.   6,975    6,924 
Cía. Mexicana de Perfiles y Tubos, S.A. de C.V.   595    595 
Industrias Procarsa, S.A. de C.V.   156    139 
Ferrovisa, S.A. de C.V.   486    577 
Other   402    123 
   $264,589   $256,541 

These balances correspond to accounts payable for services and/or purchases of finished products specific to your activity.

 

Loans from related parties:        
Operadora de Perfiles Sigosa, S.A. de C.V.  $3,175,742   $2,498,714 
   $3,175,742   $2,498,714 
   $3,440,331   $2,755,255 

 

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.