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

Debt and borrowings (Tables)

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Debt and borrowings (Tables)
 12 Months Ended
Dec. 31, 2023
Schedule of other assets [Abstract]  
Schedule of Long-Term Debt
    2023     2022     2021  
                   
Simple credit line joint and several obligation with BBVA, up to Ps.1,500,000, with a term of 60 months and monthly interest payment at 28-day TIIE rate published in BANXICO, on non-working days, the TIIE rate could be at 26, 27 or 29 days, plus the applicable margin, such ordinary interest will be calculated by the number of days effectively elapsed over the base of a year 360 days, in addition, in case of default, interest will be paid at the ordinary interest rate multiplied by 2.0pp between the 360 days and the result of using the unpaid and past-due balances.   Ps. 1,500,000       -       -  
                         
Two-tranche sustainability bond, with maturities across 4 and 7 years, offered in the Mexican Market through the Bolsa Mexicana de Valores; the first offer of Ps.500,000 started paying interest at 5.15% plus 0.40% and for the monthly subsequent payments, the rate will be based on the 29-day TIIE rate issued by BANXICO plus 0.40%; the second offer of Ps.1,000,000 will pay interest semi-annually at a fixed rate of 8.35%, during the sustainability bond term.     1,488,830       1,485,545       1,482,261  
                         
Simple credit line with HSBC, up to Ps.950,000, valid until September 13, 2029 and monthly interest payment at the TIIE rate (the 28-day equilibrium interbank interest rate published in BANXICO), plus 1.3 points percentages, such ordinary interest will be calculated by the number of days effectively elapsed over the base of a year 360 days, in addition, in case of default, interest will be paid at the ordinary interest rate multiplied by 2.0pp between the 360 days and the result of using the unpaid and past-due balances.     950,000       -       -  
                         
Two-tranche bond, with maturities across 4 and 7 years, offered in the Mexican Market through the Bolsa Mexicana de Valores; the third offer of Ps.313,974 started paying interest at 12.41% and for the monthly subsequent payments, the rate will be based on the 28-day TIIE rate issued by BANXICO plus 0.90%; the fourth offer of Ps.500,000 will pay interest semi-annually or every 182 days at a fixed rate of 11.23%, during the bond term.     806,361       -       -  
                         
On April 5, 2022, Betterware entered into a credit line with BBVA for up to Ps.400,000 and as of May 31, 2022, through an amending agreement, the amount was strengthened for up to Ps.800,000. The line of credit bearing interest at the 28-day TIIE rate plus 206 basis points, payable monthly, with a term of 36 months from the date of signing the original contract.     300,000       -       -  
                         
Credit line with Banamex, with interest rate at TIIE (28 days published in BANXICO) plus 110 basis points, the line considers payments of drawdowns in no more than a 12-month term. This short-term line of credit, which is available and paid in a term of no more than 12 months.     -       200,000       -  
                         
Simple credit line with Banamex, HSBC, BBVA, Bajío, BanCoppel and Scotiabank, up to Ps.4,498,695, with interest (28-day TIIE published in BANXICO) plus the applicable margin, such ordinary interest will be calculated by the number of days effectively elapsed over the base of a year 360 days, in addition, in case of default, interest will be paid at the ordinary interest rate multiplied by 2.0pp between the 360 days and the result of using the unpaid and past-due balances.     -       4,432,711       -  
                         
Innova Catalogos has a loan for financial support or “Emerging Plan for the protection of employment and income of people”; the loan was acquired at the beginning of 2021, for the amount of Ps.40, with maturity across 18 months, and monthly payments of Ps.2.2, this loan does not accrue interest, however in case of default, it will accrue interest at the rate of 24% on unpaid balances.     -       -       15  
                         
Interest payable   Ps. 86,231       30,419       28,109  
                         
Total debt     5,131,422       6,148,675       1,510,385  
                         
Less: Current portion     508,731       230,419       28,124  
                         
Long term debt and borrowings   Ps. 4,622,691       5,918,256       1,482,261  

 
Schedule of Cash Flows Arising From Financing Activities Reconciliation of movements of liabilities to cash flows arising from financing activities
    Long-term
debt and
borrowings		     Interest payable     Derivative
financial
instruments,
net		  
                   
Balances as of January 1, 2021   Ps. 583,639       3,323       320,294  
Changes that represent cash flows -                        
Loans obtained     1,520,000       -       -  
Restricted cash     42,915       -       -  
Payments     (646,716 )     (49,123 )     (18,172 )
Bond issuance costs     (18,931 )                
Changes that do not represent cash flows:                        
Interest expense     -       73,909       -  
Control obtained over subsidiaries     177       -       -  
Amortization of bond issuance cost     1,192       -       -  
Valuation effects of derivative financial instruments     -       -       (330,315 )
Balances as of December 31, 2021     1,482,276       28,109       (28,193 )
Changes that represent cash flows -                        
Loans obtained     5,818,705       -       -  
Payments     (1,120,025 )     (502,847 )     -  
Bond issuance costs     (88,722 )     -       -  
Changes that do not represent cash flows:                        
Interest expense     -       505,157       -  
Control obtained over subsidiaries                        
Amortization of bond issuance cost     3,285       -       -  
Amortization of issuance cost from Long-term debt- Syndicated Credit     22,737       -       -  
Valuation effects of derivative financial instruments     -       -       43,522  
Balances as of December 31, 2022     6,118,256       30,419       15,329  
Changes that represent cash flows -                        
Loans obtained     6,498,994       -       -  
Payments     (7,633,715 )     (652,313 )     -  
Bond issuance costs     (8,355 )     -       -  
Changes that do not represent cash flows:                        
Interest expense     -       708,125       -  
Amortization of bond issuance cost     4,026       -       -  
Amortization of issuance cost from Long-term debt- Syndicated Credit     15,538       -       -  
Cancellation of Line issuance cost from Long-term debt- Syndicated Credit     50,447                  
Valuation effects of derivative financial instruments     -       -       32,591  
Balances as of December 31, 2023     5,045,191       86,231       47,920  
Schedule of Long-Term Debt Maturities The Group’s long-term debt and interest maturities as of December 31, 2023, including non-accrued interest, are as follows:
Year   Amount  
       
2024   Ps. 1,000,785  
2025     1,396,897  
2026     936,875  
2027     1,330,284  
2028-2029     2,394,998  
    Ps. 7,059,839