Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Related parties balances and transactions

v3.21.1
Related parties balances and transactions
12 Months Ended
Jan. 03, 2021
Disclosure of related party [text block] [Abstract]  
Related parties balances and transactions
24. Related party balances and transactions

Balances and transactions between Betterware and BLSM, which are related parties, have been eliminated on combination and are not disclosed in this note. Details of transactions between the Group and other related parties are disclosed below.


Key management personnel compensation comprised short-term employee benefits of Ps. 37,713, Ps. 34,540 and Ps. 34,500 for the 2020, 2019 and 2018 periods, respectively. Compensation of the Group’s key management personnel includes salaries and non-cash benefits. No long-term employee benefits were paid to key management personnel during 2020, 2019 and 2018.


Transactions


The following balances were outstanding as of January 3, 2021 and December 31, 2019:


    2020     2019  
Trade accounts receivable from related parties                
Fundación Betterware., A.C.   Ps. -       610  
                 
    Ps. -       610