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

Material Accounting Policies (Details) - Schedule of Consolidated Statement of Financial Position

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Material Accounting Policies (Details) - Schedule of Consolidated Statement of Financial Position
$ in Thousands
Dec. 31, 2021
MXN ($)
Adjusted [Member]  
Current assets:  
Trade accounts receivable, net $ 745,593 [1]
Inventories 1,286,155 [1],[2]
Prepaid expenses 35,596 [3]
Total current assets 3,352,747
Total assets 5,185,229
Current liabilities:  
Accrued expenses 159,354 [2]
Provisions 118,468 [4]
Income tax payable 97,634 [5]
Total current liabilities 2,449,919
Non-current liabilities:  
Deferred income tax 38,975 [1],[2],[3],[4]
Total non-current liabilities 1,535,107
Total liabilities 3,985,026
Stockholder’s equity  
Capital stock 321,312 [6]
Retained earnings (deficit) 856,994 [1],[2],[3],[4],[5],[6]
Equity attributable to owners of the Group 1,185,548
Total stockholders’ equity 1,200,203
Total liabilities and stockholders’ equity 5,185,229
Previously Presented [Member]  
Current assets:  
Trade accounts receivable, net 778,054 [1]
Inventories 1,339,378 [1],[2]
Prepaid expenses 69,224 [3]
Total current assets 3,472,059
Total assets 5,304,541
Current liabilities:  
Accrued expenses 142,169 [2]
Provisions 115,192 [4]
Income tax payable 88,679 [5]
Total current liabilities 2,420,503
Non-current liabilities:  
Deferred income tax 80,907 [1],[2],[3],[4]
Total non-current liabilities 1,577,039
Total liabilities 3,997,542
Stockholder’s equity  
Capital stock 294,999 [6]
Retained earnings (deficit) 990,103 [1],[2],[3],[4],[5],[6]
Equity attributable to owners of the Group 1,292,344
Total stockholders’ equity 1,306,999
Total liabilities and stockholders’ equity 5,304,541
Difference [Member]  
Current assets:  
Trade accounts receivable, net (32,461) [1]
Inventories (53,223) [1],[2]
Prepaid expenses (33,628) [3]
Total current assets (119,312)
Total assets (119,312)
Current liabilities:  
Accrued expenses 17,185 [2]
Provisions 3,276 [4]
Income tax payable 8,955 [5]
Total current liabilities 29,416
Non-current liabilities:  
Deferred income tax (41,932) [1],[2],[3],[4]
Total non-current liabilities (41,932)
Total liabilities (12,516)
Stockholder’s equity  
Capital stock 26,313 [6]
Retained earnings (deficit) (133,109) [1],[2],[3],[4],[5],[6]
Equity attributable to owners of the Group (106,796)
Total stockholders’ equity (106,796)
Total liabilities and stockholders’ equity $ (119,312)
[1] Cut-off for revenue where control was not transferred to the customer.
[2] Cost of inventory overstated on the international freight standard cost assumption; offset by overstated accruals liabilities on import expenses.
[3] Cost of catalogues that had a non-GAAP treatment as prepaids and were expensed at the same time the revenues were realized; instead of when catalogues were received as IFRS states.
[4] Immaterial provisions for labor matters.
[5] Accrual for the tax contingency explained in note 28 was not recorded previously.
[6] Reclassification between capital stock and retained earnings for combination instead of consolidation of capital in 2020.