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

Income Taxes (Tables)

v3.21.1
Income Taxes (Tables)
 12 Months Ended
Jan. 03, 2021
Disclosure of income tax [text block] [Abstract]  
Schedule of income tax recognized in profit or loss
    2020     2019     2018  
                   
Current tax   Ps. 576,834       229,900       158,545  
Deferred tax expense (benefit)     (34,066 )     2,792       (8,366 )
                         
    Ps. 542,768       232,692       150,179  
Schedule of reconciliation of income tax expense recognized from statutory to effective ISR rate
    2020     2019     2018  
                   
Profit before income tax   Ps. 881,129       704,834       449,447  
Tax rate     30 %     30 %     30 %
Income tax expense calculated at 30% statutory tax rate     264,339       211,450       134,834  
                         
Inflation effects, net     8,333       6,278       6,408  
Non-deductible expenses     5,493       3,202       3,217  
Loss on valuation of warrants     255,456       -       -  
Share-based payments     8,275       -       -  
Other items, net     872       11,762       5,720  
                         
    Ps. 542,768       232,692       150,179  
Schedule of deferred tax asset (liabilities) as well as the reconciliation of changes in deferred taxes balances
Temporary differences   As of
January 1,
2019		     Recognized in
profit or loss		     Recognized
in OCI		     As of
December 31,
2019		  
                         
Deferred tax assets:                                
Expected credit loss   Ps. 2,802       2,415       -       5,217  
Accruals and provisions     26,632       (668 )     (26 )     25,938  
Derivative financial instruments     4,989       (4,989 )     -       -  
Property, plant and equipment     74       4,505       -       4,579  
                                 
Deferred tax liabilities:                                
Intangible assets     (87,740 )     1,920       -       (85,820 )
Derivative financial instruments     (6,192 )     (3,161 )     -       (9,353 )
Inventories             (89 )     -       (89 )
Other assets and prepaid expenses     (11,192 )     (2,699 )     -       (13,891 )
                                 
Net deferred tax liability   Ps. (70,627 )     (2,766 )     (26 )     (73,419 )
Temporary differences   As of
December 31,
2019		     Recognized in
profit or loss		     Recognized
in OCI		     As of
January 3,
2021		  
                         
Deferred tax assets:                        
Expected credit loss   Ps. 5,217       (3,732 )     -       1,485  
Accruals and provisions     25,938       42,340       360       68,638  
Derivative financial instruments     -       35,886       -       35,886  
Property, plant and equipment     4,579       (4,579 )     -       -  
                                 
Deferred tax liabilities:                                
Intangible assets     (85,820 )     1,920       -       (83,900 )
Inventories     (9,353 )     (21,687 )     -       (31,040 )
Derivative financial instruments     (89 )     89       -       -  
Property, plant and equipment     -       (10,888 )     -       (10,888 )
Other assets and prepaid expenses     (13,891 )     (5,644 )     -       (19,535 )
                                 
Net deferred tax liability   Ps. (73,419 )     33,705       360       (39,354 )