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

Property, Plant and Equipment, Net

v3.24.1.u1
Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment, Net [Abstract]  
Property, plant and equipment, net
10. Property, plant and equipment, net

 

    2023     2022     2021  
                   
Acquisition cost   Ps. 3,258,234       3,190,297       1,231,794  
Accumulated depreciation     (347,881 )     (216,923 )     (162,302 )
                         
    Ps. 2,910,353       2,973,374       1,069,492  

 

Acquisition cost:   As of
January 1,
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 1,
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 )

 

Acquisition cost:   As of
December 31,
2022		     Additions     Disposals     Transfers     Foreign
currency
translation		     As of
December 31,
2023		  
                                     
Land   Ps. 1,302,493       -       -       -       -       1,302,493  
Molds and machinery     558,027       1,002       (9,058 )     61,366       -       611,337  
Vehicles     21,773       2,099       (3,168 )     11,489       -       32,193  
Computers and equipment     122,502       16,583       (11,879 )     17,593       (18,475 )     126,324  
Leasehold improvements     43,238       -       (4,820 )     144       -       38,562  
Buildings     1,032,032       -       -       30,315       -       1,062,347  
Construction in progress     110,232       105,871       (9,900 )     (120,907 )     (318 )     84,978  
                                                 
    Ps. 3,190,297       125,555       (38,825 )     -       (18,793 )     3,258,234  

 

Accumulated depreciation:  

As of
December 31,
2022

     Depreciation
expense		     Disposals     Foreign
currency
translation		    

As of
December 31,
2023

  
                               
Molds and machinery   Ps. (103,267 )     (74,657 )     3,532       -       (174,392 )
Vehicles     (9,095 )     (5,968 )     1,003       -       (14,060 )
Computers and equipment     (7,997 )     (37,443 )     11,829       16,057       (17,554 )
Leasehold improvements     (31,066 )     (1,323 )     4,820       -       (27,569 )
Buildings     (65,498 )     (48,808 )     -       -       (114,306 )
                                         
    Ps. (216,923 )     (168,199 )     21,184       16,057       (347,881 )

 

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 ready to use in 2021 and it was started to capitalization, however, the construction remainder was completed until 2023. As of December 31, 2023, 2022 and 2021, the total payments related to this construction amounted to Ps.2,349, Ps.37,500 and Ps.397,000, respectively. The total investment amounted to Ps.1,110,807.

 

During 2023, 2022 and 2021 the Group didn’t capitalize borrowing costs related to the distribution center that was under construction.