| Schedule of Right of Use Assets |
The
Group leases a fleet of cars for its sales staff and qualified employees with different contract expiration dates, as well as computers,
servers, printers, real estate (JAFRA distribution center and commercial venues) with different expiration dates, with the latest expiration
date in 2028. Those leases were recorded as right of use assets as follows:
| |
|
As
of
January 1,
2021 |
|
|
Additions |
|
|
Disposals |
|
|
As
of
December 31,
2021 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost |
|
Ps. |
39,579 |
|
|
|
1,388 |
|
|
|
(3,275 |
) |
|
|
37,692 |
|
| |
|
As
of
January 1,
2021 |
|
|
Depreciation
expense |
|
|
Disposals |
|
|
As
of
December 31,
2021 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated
depreciation |
|
Ps. |
(14,697 |
) |
|
|
(6,544 |
) |
|
|
933 |
|
|
|
(20,308 |
) |
|
| Schedule of Depreciation Expense |
| |
|
As
of
December 31,
2021 |
|
|
Subsidiaries’
Acquisitions |
|
|
Additions |
|
|
Disposals |
|
|
Foreign
currency
translation |
|
|
As
of December 31,
2022 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vehicles |
|
Ps. |
623 |
|
|
|
59,657 |
|
|
|
48,433 |
|
|
|
(1,171 |
) |
|
|
- |
|
|
|
107,542 |
|
| Buildings |
|
|
- |
|
|
|
7,049 |
|
|
|
88,051 |
|
|
|
(484 |
) |
|
|
- |
|
|
|
94,616 |
|
| Warehouses |
|
|
17,101 |
|
|
|
53,575 |
|
|
|
49,227 |
|
|
|
- |
|
|
|
- |
|
|
|
119,903 |
|
| Office
furniture and equipment |
|
|
- |
|
|
|
2,697 |
|
|
|
5,454 |
|
|
|
- |
|
|
|
- |
|
|
|
8,151 |
|
| Computer
equipment |
|
|
19,968 |
|
|
|
27,803 |
|
|
|
3,856 |
|
|
|
(15 |
) |
|
|
- |
|
|
|
51,612 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost |
|
Ps. |
37,692 |
|
|
|
150,781 |
|
|
|
195,021 |
|
|
|
(1,670 |
) |
|
|
- |
|
|
|
381,824 |
|
| |
|
As
of
December 31,
2021 |
|
|
Additions |
|
|
Disposals |
|
|
Foreign
currency translation |
|
|
As
of
December 31,
2022 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vehicles |
|
Ps. |
(147 |
) |
|
|
(21,795 |
) |
|
|
1,024 |
|
|
|
- |
|
|
|
(20,918 |
) |
| Buildings |
|
|
- |
|
|
|
(12,947 |
) |
|
|
- |
|
|
|
- |
|
|
|
(12,947 |
) |
| Warehouses |
|
|
(17,101 |
) |
|
|
(18,658 |
) |
|
|
484 |
|
|
|
- |
|
|
|
(35,275 |
) |
| Office
furniture and equipment |
|
|
- |
|
|
|
(1,346 |
) |
|
|
- |
|
|
|
- |
|
|
|
(1,346 |
) |
| Computer
equipment |
|
|
(3,060 |
) |
|
|
(14,419 |
) |
|
|
1 |
|
|
|
(295 |
) |
|
|
(17,773 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated
depreciation |
|
Ps. |
(20,308 |
) |
|
|
(69,165 |
) |
|
|
1,509 |
|
|
|
(295 |
) |
|
|
88,259 |
|
| |
|
As
of
December 31,
2022 |
|
|
Additions |
|
|
Disposals |
|
|
Foreign
currency
translation |
|
|
As
of
December 31,
2023 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vehicles |
|
Ps. |
107,542 |
|
|
|
49,934 |
|
|
|
(18,206 |
) |
|
|
(1,862 |
) |
|
|
137,408 |
|
| Buildings |
|
|
94,616 |
|
|
|
131,450 |
|
|
|
- |
|
|
|
(8,325 |
) |
|
|
217,741 |
|
| Warehouses |
|
|
119,903 |
|
|
|
2,718 |
|
|
|
- |
|
|
|
(4,767 |
) |
|
|
117,854 |
|
| Office furniture and equipment |
|
|
8,151 |
|
|
|
3,172 |
|
|
|
(2,928 |
) |
|
|
- |
|
|
|
8,395 |
|
| Computer
equipment |
|
|
51,612 |
|
|
|
15,088 |
|
|
|
- |
|
|
|
- |
|
|
|
66,700 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost |
|
Ps. |
381,824 |
|
|
|
202,362 |
|
|
|
(21,134 |
) |
|
|
(14,954 |
) |
|
|
548,098 |
|
| |
|
As
of
December 31,
2022 |
|
|
Additions |
|
|
Disposals |
|
|
Foreign
currency
translation |
|
|
As
of December 31,
2023 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vehicles |
|
Ps. |
(20,918 |
) |
|
|
(41,266 |
) |
|
|
6,275 |
|
|
|
1,515 |
|
|
|
(54,394 |
) |
| Buildings |
|
|
(12,947 |
) |
|
|
(23,321 |
) |
|
|
- |
|
|
|
1,428 |
|
|
|
(34,840 |
) |
| Warehouses |
|
|
(35,275 |
) |
|
|
(26,158 |
) |
|
|
- |
|
|
|
1,514 |
|
|
|
(59,919 |
) |
| Office furniture and equipment |
|
|
(1,346 |
) |
|
|
(2,651 |
) |
|
|
1,078 |
|
|
|
- |
|
|
|
(2,919 |
) |
| Computer equipment |
|
|
(17,773 |
) |
|
|
(19,549 |
) |
|
|
- |
|
|
|
- |
|
|
|
(37,322 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated depreciation |
|
Ps. |
(88,259 |
) |
|
|
(112,945 |
) |
|
|
7,353 |
|
|
|
4,457 |
|
|
|
(189,394 |
) |
|
| Schedule of Lease Liabilities |
The
lease liabilities as of December 31, 2023, 2022 and 2021 are described below.
| Lease liability |
|
|
|
|
| Balance as of January 1, 2021 |
|
Ps. |
24,378 |
|
| Lease
additions (1) |
|
|
1,388 |
|
| Lease
disposals (1) |
|
|
(1,704 |
) |
| Rent
payments (principal and interest) (2) |
|
|
(6,899 |
) |
| Interest
expense (1) |
|
|
717 |
|
| Balance as of December 31, 2021 |
|
|
17,880 |
|
| Subsidiaries’
Acquisitions (1) |
|
|
146,187 |
|
| Lease
additions (1) |
|
|
193,856 |
|
| Lease
disposals (1) |
|
|
(195 |
) |
| Rent
payments (principal and interest) (2) |
|
|
(76,214 |
) |
| Foreign
currency translation (1) |
|
|
(1,172 |
) |
| Interest
expense (1) |
|
|
11,566 |
|
| Balance as of December 31, 2022 |
|
|
291,908 |
|
| Lease
additions (1) |
|
|
202,362 |
|
| Lease
disposals (1) |
|
|
(12,298 |
) |
| Rent
payments (principal and interest) (2) |
|
|
(123,241 |
) |
| Foreign
currency translation (1) |
|
|
(12,526 |
) |
| Interest
expense (1) |
|
|
26,771 |
|
| Balance
as of December 31, 2023 |
|
Ps. |
372,976 |
|
| (1) |
Changes
that do not represent cash flow |
| (2) |
Changes
that represent cash flow |
|