Related party transactions

12 Months Ended

Dec. 31, 2020

The Company has entered into a master commercial agreement on arm’s length terms with Axionlog, a company under common control that operates the distribution centers in Argentina, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela (the “Axionlog Business”). Pursuant to this agreement Axionlog provides the Company distribution inventory, storage and transportation services in the countries in which it operates.

The following table summarizes the outstanding balances between the Company and the Axionlog Business as of December 31, 2020 and 2019:


	As of December 31,
	2020		2019
Accounts and notes receivable, net	$	272	$	177
Other receivables	2,392		2,201
Miscellaneous	3,665		3,719
Accounts payable	(6,378)		(8,747)

The following table summarizes the transactions between the Company and the Axionlog Business for the fiscal years ended December 31, 2020, 2019 and 2018:


	Fiscal years ended December 31,
	2020		2019		2018
Food and paper (i)	$	(124,416)	$	(188,276)	$	(177,356)
Occupancy and other operating expenses	(3,667)		(7,252)		(5,322)

(i)Includes $24,303 of distribution fees and $100,114 of suppliers purchases managed through the Axionlog Business for the fiscal year ended December 31, 2020; $38,658 and $149,618, respectively, for the fiscal year ended December 31, 2019; and $41,633 and $135,723, respectively, for the fiscal year ended December 31, 2018.

As of December 31, 2020 and 2019, the Company had other receivables totaling $1,761 and $2,325, respectively, and accounts payable with Lacoop, A.C. and Lacoop II, S.C. totaling $(508) and nil, respectively.