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

Property, plant and equipment, net

v3.23.1
Property, plant and equipment, net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment, Net [Abstract]  
Property, plant and equipment, net
10. Property, plant and equipment, net

 

    2022     2021     2020  
Acquisition cost   Ps. 3,190,297       1,231,794       905,840  
Accumulated depreciation     (216,923 )     (162,302 )     (114,713 )
    Ps. 2,973,374       1,069,492       791,127  

 

Acquisition cost:   As of
January 1,
2020		     Additions     Disposals     As of
January 3,
2021		  
Land   Ps. 47,124       2,132      
-
       49,256  
Molds and machinery     41,269       85,049       (22 )     126,296  
Vehicles     1,602       28,740       (17,235 )     13,107  
Computers and equipment     66,823       3,273       (2,056 )     68,040  
Leasehold improvements     29,882       4,426      
-
       34,308  
Buildings    
-
       326,644      
-
       326,644  
Construction in progress     119,174       169,015      
-
       288,189  
    Ps. 305,874       619,279       (19,313 )     905,840  

 

Accumulated depreciation:   As of
January 1,
2020		     Depreciation expense     Disposals     As of
January 3,
2021		  
Molds and machinery   Ps. (25,648 )     (3,636 )    
-
       (29,284 )
Vehicles     (1,505 )     (633 )    
-
       (2,138 )
Computers and equipment     (48,003 )     (9,837 )     1,043       (56,797 )
Leasehold improvements     (23,368 )     (1,856 )    
-
       (25,224 )
Buildings    
-
       (1,270 )    
-
       (1,270 )
    Ps. (98,524 )     (17,232 )     1,043       (114,713 )

 

Acquisition cost:   As of
January 3,
2021		     Subsidiaries’
Acquisitions		     Additions     Disposals     Transfers     As of
December 31,
2021		  
Land   Ps. 49,256      
          -
      
-
      
-
      
-
       49,256  
Molds and machinery     126,296      
-
       82,457       (2,334 )     63,729       270,148  
Vehicles     13,107      
-
       6,046       (1,439 )    
-
       17,714  
Computers and equipment     68,040       13,473       709       (19,764 )     18,521       80,979  
Leasehold improvements     34,308       539       119       (831 )     3,980       38,115  
Buildings     326,644      
-
      
-
      
-
       351,654       678,298  
Construction in progress     288,189      
-
       246,979      
-
       (437,884 )     97,284  
    Ps. 905,840       14,012       336,310       (24,368 )    
-
       1,231,794  

 

Accumulated depreciation:  

As of
January 3,
2021

     Depreciation
expense		     Disposals    

As of
December 31,
2021

  
Molds and machinery   Ps. (29,284 )     (20,236 )     759       (48,761 )
Vehicles     (2,138 )     (3,162 )     17       (5,283 )
Computers and equipment     (56,797 )     (9,374 )     11,983       (54,188 )
Leasehold improvements     (25,224 )     (4,915 )     203       (29,936 )
Buildings     (1,270 )     (22,864 )    
-
       (24,134 )
    Ps. (114,713 )     (60,551 )     12,962       (162,302 )

 

Acquisition cost:   As of
December 31,
2021		     Subsidiaries’
Acquisitions		     Additions     Disposals     Transfers     Foreign currency translation     As of
December 31,
2022		  
Land   Ps. 49,256       1,253,237      
-
      
-
      
-
      
-
       1,302,493  
Molds and machinery     270,148       237,818       1,081       (18,319 )     67,299      
-
       558,027  
Vehicles     17,714      
-
       6,183       (2,124 )    
-
      
-
       21,773  
Computers and equipment     80,979       101,512       9,605       (99,640 )     32,544       (2,498 )     122,502  
Leasehold improvements     38,115       1,430       479      
-
       3,214      
-
       43,238  
Buildings     678,298       321,994      
-
      
-
       31,740      
-
       1,032,032  
Construction in progress     97,284       41,790       107,260       (1,302 )     (134,797 )     (3 )     110,232  
    Ps. 1,231,794       1,957,781       124,608       (121,385 )    
-
       (2,501 )     3,190,297  

 

Accumulated depreciation:   As of
December 31,
2021		     Depreciation
expense		     Disposals     Foreign currency translation     As of
December 31,
2022		  
Molds and machinery   Ps. (48,761 )     (60,965 )     6,459      
-
       (103,267 )
Vehicles     (5,283 )     (3,992 )     180      
-
       (9,095 )
Computers and equipment     (54,188 )     (40,738 )     84,523       2,406       (7,997 )
Leasehold improvements     (29,936 )     (1,134 )     4      
-
       (31,066 )
Buildings     (24,134 )     (41,364 )    
-
      
-
       (65,498 )
    Ps. (162,302 )     (148,193 )     91,166       2,406       (216,923 )

 

Depreciation expense is included in administrative expenses line in the consolidated statement of profit or loss and other comprehensive income. No impairment losses have been determined.

 

The Group built a distribution center, which was completed in the first quarter of 2021. As of December 31, 2022, 2021 and January 3, 2021, the total payments related to this construction amounted to Ps.37,500 Ps.397,000 and Ps.508,958, respectively. The total investment amounted to Ps.1,108,458.

 

For the period of 2020, the Group capitalized borrowing costs in the amount of Ps.33,460, directly related to the distribution center that was under construction. In 2022 and 2021 the Group didn’t capitalized borrowing costs related to the distribution center that was under construction.