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

Related party balances and transactions

v3.23.1
Related party balances and transactions
 12 Months Ended
Dec. 31, 2022
Related parties balances and transactions [Abstract]  
Related party balances and transactions
25. Related party balances and transactions

 

The following balances were outstanding as of December 31, 2022, December 31, 2021 and January 3:

 

Trade account receivables from related parties   2022     2021     2020  
Fundación Betterware., A.C.   Ps. 61       24      
-
  

 

Trade account payables to related parties   2022     2021     2020  
Campalier, S.A. de C.V.   Ps. 96,859      
   -
      
-
  

 

On June 23, 2022, our subsidiary Programa Lazos, S.A. de C.V., signed an agreement for a loan up to Ps.150 million with Campalier, S.A de C.V. (“Campalier”). As of December 31, 2022, Lazos received a disbursement of Ps.120 million, bearing monthly variable interest rate of TIIE plus 349 basis points, without specific maturity.

 

Trading transactions –

 

Revenues / expensess to Betterware with:   2022     2021  
    Lease income     Donation expenses     Lease income     Donation expenses  
Fundación Betterware., A.C.   Ps. 63       3,350       42       920  

 

  2022  
Expenses/ to Lazos with:    Interest expenses  
Campalier, S.A. de C.V.   Ps. 7,479  

 

Remuneration of key management personnel –

 

Key management personnel compensation comprised short-term employee benefits of Ps.47,265, Ps.42,170 and Ps.37,713 as of December 31, 2022, December 31, 2021 and January 3, 2021, 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 2022, 2021 and 2020.