XML 40 R23.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes [Abstract] |
Income taxes |
| 17. | Income taxes
The subsidiaries of the Group in México and abroad are individually subject to the payment of income taxes. These taxes are not determined based on the consolidates figures of the Group but are calculated individually at the level of each company declaration and each of these presents its taxes separately. According to the specific requirements of each country, the statutory rates for the years 2024, 2023 and 2022 years, were 30% for México, 25% for Guatemala, 21% for United States and 29.5% for Perú, and will continue as such in future years. Income tax recognized in profit or loss for the years of 2024, 2023 and 2022 was comprised of the following:
|  | 2024 |  |  | Restated(*) 2023 |  |  | 2022 |
Current tax |  | Ps. | 752,566 |  |  |  | 645,521 |  |  |  | 533,522 |
Deferred tax (benefit) expense |  |  | (283,306 | ) |  |  | (265,498 | ) |  |  | (16,602 | )
|  | Ps. | 469,260 |  |  |  | 380,023 |  |  |  | 516,920 |
| (*) | Details of the restatement are shown in note 2b.
Income tax expense recognized at the effective ISR rate differs from income tax expense at the statutory tax rate. Reconciliation of income tax expense recognized from statutory to effective ISR rate is as follows:
|  | 2024 |  |  | Restated(*) 2023 |  |  | 2022 |
Profit before income tax |  | Ps. | 1,180,782 |  |  |  | 1,416,587 |  |  |  | 1,386,884 |
Tax rate |  |  | 30 | % |  |  | 30 | % |  |  | 30 | %
Income tax expense calculated at 30% statutory tax rate |  |  | 354,235 |  |  |  | 424,976 |  |  |  | 416,065 |
Inflation effects, net |  |  | 59,295 |  |  |  | (17,730 | ) |  |  | 3,536 |
Non-deductible expenses (1) |  |  | 56,414 |  |  |  | 65,978 |  |  |  | 148,569 |
Share-based payments |  |  | - |  |  |  | 1,403 |  |  |  | 1,780 |
Other items, net |  |  | (684 | ) |  |  | (94,604 | ) |  |  | (53,030 | )
|  | Ps. | 469,260 |  |  |  | 380,023 |  |  |  | 516,920 |
|  |  | 40 | % |  |  | 27 | % |  |  | 37 | %
| (*) | Details of the restatement are shown in note 2b.
(1) | Includes (i) certain payroll expenses which are partially deductible, such as grocery vouchers, help for transportation, life and major medical expenses insurance, among others; and (ii) certain cost of sales expenses as samples and obsolescence items.
Realization of deferred tax assets depends on the future generation of taxable income during the period in which the temporary differences will be deductible. Management considers the reversal of deferred tax liabilities and projections of future taxable income to make its assessment on the realization of deferred tax assets. Based on the results obtained in previous years and in future profit and tax projections, management has concluded that it is probable the deferred tax assets will be realized. Composition of the deferred tax asset (liabilities) is presented below, along with the reconciliation of changes in deferred tax balances as of December 31, 2024, 2023, and 2022:
Temporary differences |  | As of December 31, 2023 |  |  | Recognized in profit or loss |  |  | As of December 31, 2024 |
Deferred tax assets: |  |  |  |  |  |  |  |  |
Expected credit loss |  | Ps. | 100,143 |  |  |  | 6,940 |  |  |  | 107,083 |
Accruals and provisions |  |  | 301,621 |  |  |  | 37,305 |  |  |  | 338,926 |
Customers’ prepayments |  |  | 88 |  |  |  | 26 |  |  |  | 114 |
Non-deductible interest |  |  | 120,236 |  |  |  | (120,236 | ) |  |  | - |
Leases |  |  | 119,965 |  |  |  | (16,586 | ) |  |  | 103,379 |
Inventories |  |  | (17,704 | ) |  |  | 24,626 |  |  |  | 6,922 |
Other assets and prepaid expenses |  |  | (14,750 | ) |  |  | 38,433 |  |  |  | 23,683 |
Property, plant and equipment |  |  | (243,160 | ) |  |  | 314,603 |  |  |  | 71,443 |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Non-current assets held for sale |  |  | - |  |  |  | (12,000 | ) |  |  | (12,000 | )
Intangible assets |  |  | (496,467 | ) |  |  | 1,920 |  |  |  | (494,547 | )
Derivative financial instruments |  |  | (10,357 | ) |  |  | 7,169 |  |  |  | (3,188 | )
Right-of-use assets |  |  | (107,611 | ) |  |  | 13,404 |  |  |  | (94,207 | )
Suppliers’ prepayments |  |  | (7,244 | ) |  |  | (10,395 | ) |  |  | (17,639 | )
Net deferred tax Assets |  | Ps. | (255,240 | ) |  |  | 285,209 |  |  |  | 29,969 |
Temporary differences |  | As of December 31, 2022 |  |  | Recognized in profit or loss |  |  | As of December 31, 2023(*) Restated |
Deferred tax assets: |  |  |  |  |  |  |  |  |
Expected credit loss |  | Ps. | 29,342 |  |  |  | 70,801 |  |  |  | 100,143 |
Accruals and provisions |  |  | 394,241 |  |  |  | (92,620 | ) |  |  | 301,621 |
Costumers’ prepayments |  |  | 87 |  |  |  | 1 |  |  |  | 88 |
Non-deductible interest |  |  | - |  |  |  | 120,236 |  |  |  | 120,236 |
Leases |  |  | 88,467 |  |  |  | 31,498 |  |  |  | 119,965 |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets |  |  | (498,387 | ) |  |  | 1,920 |  |  |  | (496,467 | )
Inventories |  |  | (27,744 | ) |  |  | 10,040 |  |  |  | (17,704 | )
Derivative financial instruments |  |  | (3,915 | ) |  |  | (6,442 | ) |  |  | (10,357 | )
Property, plant and equipment |  |  | (388,721 | ) |  |  | 145,561 |  |  |  | (243,160 | )
Right-of-use assets |  |  | (88,612 | ) |  |  | (18,999 | ) |  |  | (107,611 | )
Suppliers’ prepayments |  |  | 5,016 |  |  |  | (12,260 | ) |  |  | (7,244 | )
Other assets and prepaid expenses |  |  | (24,174 | ) |  |  | 9,424 |  |  |  | (14,750 | )
Net deferred tax liability |  | Ps. | (514,400 | ) |  |  | 259,160 |  |  |  | (255,240 | )
(*) | Details of the restatement are shown in note 2b.
Temporary differences |  | As of January 1, 2022 |  |  | Liability assumed for subsidiaries’ acquisition |  |  | Recognized in profit or loss |  |  | As of December 31, 2022 |
Deferred tax assets: |  |  |  |  |  |  |  |  |  |  |  |
Expected credit loss |  | Ps. | 32,427 |  |  |  | - |  |  |  | (3,085 | ) |  |  | 29,342 |
Accruals and provisions |  |  | 37,958 |  |  |  | 256,433 |  |  |  | 99,850 |  |  |  | 394,241 |
Prepaid expenses |  |  | - |  |  |  | 4,752 |  |  |  | 351 |  |  |  | 5,103 |
Property, plant and equipment |  |  | 5,538 |  |  |  | - |  |  |  | (5,538 | ) |  |  | - |
Leases |  |  | 5,364 |  |  |  | - |  |  |  | 83,103 |  |  |  | 88,467 |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets |  |  | (81,980 | ) |  |  | (418,327 | ) |  |  | 1,920 |  |  |  | (498,387 | )
Inventories |  |  | (9,088 | ) |  |  | - |  |  |  | (18,656 | ) |  |  | (27,744 | )
Derivative financial instruments |  |  | (7,380 | ) |  |  | 4,936 |  |  |  | (1,471 | ) |  |  | (3,915 | )
Property, plant and equipment |  |  | - |  |  |  | (350,521 | ) |  |  | (38,200 | ) |  |  | (388,721 | )
Right-of-use assets |  |  | (5,215 | ) |  |  | - |  |  |  | (83,397 | ) |  |  | (88,612 | )
Other assets and prepaid expenses |  |  | (16,599 | ) |  |  | 10,700 |  |  |  | (18,275 | ) |  |  | (24,174 | )
Net deferred tax liability |  | Ps. | (38,975 | ) |  |  | (492,027 | ) |  |  | 16,602 |  |  |  | (514,400 | )
Unrecognized deferred tax assets: Derived from the acquisition of Jafra, the Group did not recognize deferred tax assets in the consolidated statement of financial position with respect to the following tax loss carryforwards of the subsidiaries:
As of December 31, 2024 |
Year of originated loss |  |  | Life year |  |  | Jafra Cosmetics International, S.A. de C.V. |  |  | Jafrafin, S.A. de C.V. |
2019 |  |  |  | 2029 |  |  | Ps. | 8,618 |  |  |  | - |
2020 |  |  |  | 2030 |  |  |  | 3,723 |  |  |  | - |
2021 |  |  |  | 2031 |  |  |  | - |  |  |  | 2,932 |
2022 |  |  |  | 2032 |  |  |  | 9,555 |  |  |  | 6,007 |
2023 |  |  |  | 2033 |  |  |  | - |  |  |  | 3,406 |
2024 |  |  |  | 2034 |  |  |  | 39,909 |  |  |  | 2,114 |
|  |  |  |  |  |  | Ps. | 61,805 |  |  |  | 14,459 |
As of December 31, 2023 |
Year of originated loss |  |  | Life year |  |  | Jafra Cosmetics International, S.A. de C.V. |  |  | Jafrafin, S.A. de C.V. |
2019 |  |  |  | 2029 |  |  | Ps. | 8,210 |  |  |  | - |
2020 |  |  |  | 2030 |  |  |  | 3,547 |  |  |  | - |
2021 |  |  |  | 2031 |  |  |  | - |  |  |  | 2,793 |
2022 |  |  |  | 2032 |  |  |  | 9,102 |  |  |  | 5,722 |
|  |  |  |  |  |  | Ps. | 20,859 |  |  |  | 8,515 |
As of December 31, 2022 |
Year of originated loss |  |  | Life year |  |  | Jafra Cosmetics International, S.A. de C.V. |  |  | Jafrafin, S.A. de C.V. |
2019 |  |  |  | 2029 |  |  | Ps. | 27,861 |  |  |  | - |
2020 |  |  |  | 2030 |  |  |  | 3,376 |  |  |  | - |
2021 |  |  |  | 2031 |  |  |  | - |  |  |  | 2,659 |
|  |  |  |  |  |  | Ps. | 31,237 |  |  |  | 2,659 |
The Group does not recognize taxes for deferred assets with respect to tax loss carryforwards to be amortized, on which it is not probable that future taxable profits will be generated against which the Group can use tax loss carryforwards. As of December 31, 2024, 2023 and 2022, the tax balances to be recovered mainly consist of favor balances of ISR pending application. Temporary differences related to investments in subsidiaries for which deferred income tax liabilities have not been recognized: The Company has undistributed profits for the years 2024, 2023 and 2022 of Ps. 252,164, Ps.241,977 and Ps.231,203 which generate unrecognized deferred income tax liabilities of Ps.75,649, Ps.72,593 and Ps.69,361, respectively, since the Company is able to control the timing of distributions to its subsidiaries and is not expected to distribute these benefits in the foreseeable future.

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_IncomeTaxesPaidRefundAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration