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Significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2022

Significant Accounting Policies [Abstract]

Schedule of consolidated statement of financial position

Assets		Adjusted				Previously Presented				Difference				Reference
Current assets:
Trade accounts receivable, net		$	745,593				778,054				(32,461	)		a
Inventories			1,286,155				1,339,378				(53,223	)		a, b
Prepaid expenses			35,596				69,224				(33,628	)		c
Total current assets			3,352,747				3,472,059				(119,312	)
Total assets		$	5,185,229				5,304,541				(119,312	)

Liabilities and stockholders’ equity
Current liabilities:
Accrued expenses		$	159,354				142,169				17,185			b
Provisions			118,468				115,192				3,276			d
Income tax payable			97,634				88,679				8,955			f
Total current liabilities		$	2,449,919				2,420,503				29,416

Non-current liabilities:
Deferred income tax		$	38,975				80,907				(41,932	)		a, b, c, d
Total non-current liabilities			1,535,107				1,577,039				(41,932	)
Total liabilities		$	3,985,026				3,997,542				(12,516	)

Stockholder’s equity
Capital stock		$	321,312				294,999				26,313			e
Retained earnings (deficit)			856,994				990,103				(133,109	)		a, b, c, d, e, f
Equity attributable to owners of the Group			1,185,548				1,292,344				(106,796	)
Total stockholders’ equity			1,200,203				1,306,999				(106,796	)
Total liabilities and stockholders’ equity		$	5,185,229				5,304,541				(119,312	)

Assets		Adjusted				Previously Presented				Difference				Reference
Current assets:
Trade accounts receivable, net		$	735,026				757,806				(22,780	)		a
Inventories, net			1,284,672				1,274,026				10,646			a
Prepaid expenses			52,581				94,501				(41,920	)		c
Total current assets			2,852,516				2,906,570				(54,054	)
Total assets		$	4,359,706				4,413,760				(54,054	)

Liabilities and stockholders’ equity
Current liabilities:
Provisions			153,978				151,008				2,970			d
Total current liabilities		$	2,870,367				2,867,397				2,970

Non-current liabilities:
Deferred income tax		$	39,852				56,959				(17,107	)		a, b, c, d
Total non-current liabilities			607,363				624,470				(17,107	)
Total liabilities		$	3,477,730				3,491,867				(14,137	)

Stockholder’s equity
Capital stock			308,035				281,722				26,313
Retained earnings (deficit)		$	(334,769	)			(268,539	)			(66,230	)		a, b, c, d, e
Equity attributable to owners of the Group			881,976				921,893				(39,917	)
Total stockholders’ equity			881,976				921,893				(39,917	)
Total liabilities and stockholders’ equity		$	4,359,706				4,413,760				(54,054	)

Schedule of consolidated statement of profit or loss and other comprehensive income

		Adjusted				Previously Presented				Difference				Reference
Net revenue		$	10,067,683				10,039,668				28,015			a

Cost of sales			4,498,008				4,399,164				98,844			a, b

Gross profit			5,569,675				5,640,504				(70,829	)

Administrative expenses			1,247,742				1,247,436				306			d
Selling expenses			1,256,289				1,264,581				(8,292	)		c
Distribution expenses			463,779				463,779				-
			2,967,810				2,975,796				(7,986	)

Operating income			2,601,865				2,664,708				(62,843	)

Income before income taxes			2,562,495				2,625,338				(62,843	)

Current income tax			791,856				782,901				8,955			f
Deferred income tax			22,700				41,553				(18,853	)		a,b,c,d

Net income for the year		$	1,747,939				1,800,884				(52,945	)

		Adjusted				Previously Presented				Difference				Reference

Net revenue		$	7,237,628				7,260,408				(22,780	)			a

Cost of sales			3,280,348				3,290,994				(10,646	)			a

Gross profit			3,957,280				3,969,414				(12,134	)

Administrative expenses			667,647				664,677				2,970				d
Selling expenses			895,275				853,355				41,920				c
Distribution expenses			331,023				331,023				-
			1,893,945				1,849,055				44,890

Operating income			2,063,335				2,120,359				(57,024	)

Income before income taxes			824,105				881,129				(57,024	)

Deferred income tax			(51,173	)			(34,066	)			(17,107	)

Net income for the year		$	298,444				338,361				(39,917	)

Schedule of percentage of participation

		Operating		Functional		% Participation
The Group’s companies:		Country		currency		2022				2021				2020
Home organization (“Betterware”):
Betterware de México, S.A.P.I. de C.V.		Mexico		Peso			100	%			100	%			100	%
BLSM Latino América Servicios, S.A. de C.V.		Mexico		Peso			99	%			99	%			99	%
Betterware de Guatemala, S.A.		Guatemala		Quetzal			70	%			70	%			-
Programa Lazos, S.A. de C.V.		Mexico		Peso			70	%			70	%			-
GurúComm, S.A.P.I. de C.V. ⁽¹⁾		Mexico		Peso			-				60	%			-
Innova Catálogos, S.A. de C.V. ⁽²⁾		Mexico		Peso			-				70	%			-
Betterware Ningbo Trading Co, LTD.		China		Yuan			100	%			100	%			-
Finayo, S.A.P.I. de C.V. SOFOM ENR		Mexico		Peso			100	%			-				-

Beauty and personal care (B&PC) (“JAFRA”):
Jafra México Holding Company, B.V.		Holanda		Euro			100	%			-				-
Distribuidora Comercial JAFRA, S.A. de C.V.		Mexico		Peso			100	%			-				-
Jafra Cosmetics International, S.A. de C.V.		Mexico		Peso			100	%			-				-
Jafra Cosmetics, S.A. de C.V.		Mexico		Peso			100	%			-				-
Serviday, S.A. de C.V.		Mexico		Peso			100	%			-				-
Jafrafin, S.A. de C.V.		Mexico		Peso			100	%			-				-
Distribuidora Venus, S.A. de C.V.		Mexico		Peso			100	%			-				-
Jafra Cosmetics International, Inc.		United States		Dollar			100	%			-				-

(1)	GurúComm was part of the Group until March 28, 2022.

(2)

Innova Catálogos was part of the Group until November 18, 2022.

Schedule of useful lives are used in the calculation of depreciation

Buildings	5 – 50 years
Molds and machinery	3 – 15 years
Vehicles	4 years
Computers and equipment	3 – 10 years
Leasehold improvements	3 – 5 years

Schedule of lives of intangible assets with a defined useful life

Intangibles:			Betterware				JAFRA
Customer relationships			10 years				12 years
Software			3 years				-
Brands and logo rights			10 – 30 years				-