Industrias Bachoco S.A.B. de C.V. | CIK:0001044896 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Industrias Bachoco S.A.B. de C.V. (CIK: 0001044896)
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    (14)
    Property, plant and equipment
     
    As of December 31, 2017, 2016 and 2015, property, plant and equipment are comprised as follows:
      
    Cost
     
    Balance as at
    January 1,
    2017
     
    Additions
     
    Disposals
     
    Currency
    translation
    effect
     
    Balance as at
    December 31,
    2017
     
    Land
     
    $
    1,210,052
     
     
    156,000
     
     
    (8,851)
     
     
    (3,558)
     
     
    1,353,643
     
    Buildings and construction
     
     
    10,603,293
     
     
    896,020
     
     
    (3,200)
     
     
    (55,829)
     
     
    11,440,284
     
    Machinery and equipment
     
     
    12,035,769
     
     
    2,158,477
     
     
    (106,310)
     
     
    (66,055)
     
     
    14,021,881
     
    Transportation equipment
     
     
    1,611,153
     
     
    269,462
     
     
    (105,982)
     
     
    (1,480)
     
     
    1,773,153
     
    Computer equipment
     
     
    118,759
     
     
    13,210
     
     
    (3,173)
     
     
    (2,805)
     
     
    125,991
     
    Furniture
     
     
    174,183
     
     
    19,515
     
     
    (23,505)
     
     
    (441)
     
     
    169,752
     
    Leasehold improvements
     
     
    5,186
     
     
    -
     
     
    (2,525)
     
     
    -
     
     
    2,661
     
    Construction in progress
     
     
    1,459,682
     
     
    694
     
     
    (33,419)
     
     
    8,190
     
     
    1,435,147
     
    Total
     
    $
    27,218,077
     
     
    3,513,378
     
     
    (286,965)
     
     
    (121,978)
     
     
    30,322,512
     
     
    Accumulated depreciation
     
    Balance as at
    January 1
    2017
     
    Depreciation
    for the year
     
    Disposals
     
    Currency
    translation
    effect
     
    Balance as
    at December
    31, 2017
     
    Buildings and construction
     
    $
    (5,131,723)
     
     
    (202,513)
     
     
    2,074
     
     
    8,848
     
     
    (5,323,314)
     
    Machinery and equipment
     
     
    (6,064,744)
     
     
    (735,461)
     
     
    69,960
     
     
    23,421
     
     
    (6,706,824)
     
    Transportation equipment
     
     
    (741,253)
     
     
    (111,073)
     
     
    80,177
     
     
    743
     
     
    (771,406)
     
    Computer equipment
     
     
    (70,293)
     
     
    (15,069)
     
     
    3,160
     
     
    698
     
     
    (81,504)
     
    Furniture
     
     
    (128,959)
     
     
    (11,672)
     
     
    20,779
     
     
    429
     
     
    (119,423)
     
    Total
     
    $
    (12,136,972)
     
     
    (1,075,788)
     
     
    176,150
     
     
    34,139
     
     
    (13,002,471)
     
      
    Cost
     
    Balance as at
    January 1,
    2016
     
    Additions
     
    Disposals
     
    Currency
    translation
    effect
     
    Balance as at
    December 31,
    2016
     
    Land
     
    $
    1,160,809
     
     
    40,398
     
     
    (6,257)
     
     
    15,102
     
     
    1,210,052
     
    Buildings and construction
     
     
    10,017,180
     
     
    423,357
     
     
    (69,520)
     
     
    232,276
     
     
    10,603,293
     
    Machinery and equipment
     
     
    10,706,221
     
     
    1,408,298
     
     
    (355,957)
     
     
    277,207
     
     
    12,035,769
     
    Transportation equipment
     
     
    1,286,212
     
     
    433,746
     
     
    (114,222)
     
     
    5,417
     
     
    1,611,153
     
    Computer equipment
     
     
    85,842
     
     
    29,702
     
     
    (2,134)
     
     
    5,349
     
     
    118,759
     
    Furniture
     
     
    155,995
     
     
    20,548
     
     
    (5,183)
     
     
    2,823
     
     
    174,183
     
    Leasehold improvements
     
     
    8,742
     
     
    -
     
     
    (3,556)
     
     
    -
     
     
    5,186
     
    Construction in progress
     
     
    1,268,545
     
     
    103,695
     
     
    -
     
     
    87,442
     
     
    1,459,682
     
    Total
     
    $
    24,689,546
     
     
    2,459,744
     
     
    (556,829)
     
     
    625,616
     
     
    27,218,077
     
      
    Accumulated depreciation
     
    Balance as at
    January 1
    2016
     
    Depreciation
    for the year
     
    Disposals
     
    Currency
    translation
    effect
     
    Balance as
    at December
    31, 2016
     
    Buildings and construction
     
    $
    (4,942,844)
     
     
    (192,810)
     
     
    38,726
     
     
    (34,795)
     
     
    (5,131,723)
     
    Machinery and equipment
     
     
    (5,627,281)
     
     
    (630,370)
     
     
    297,180
     
     
    (104,273)
     
     
    (6,064,744)
     
    Transportation equipment
     
     
    (751,539)
     
     
    (81,783)
     
     
    94,872
     
     
    (2,803)
     
     
    (741,253)
     
    Computer equipment
     
     
    (60,198)
     
     
    (10,544)
     
     
    2,918
     
     
    (2,469)
     
     
    (70,293)
     
    Furniture
     
     
    (119,553)
     
     
    (10,241)
     
     
    2,038
     
     
    (1,203)
     
     
    (128,959)
     
    Total
     
    $
    (11,501,415)
     
     
    (925,748)
     
     
    435,734
     
     
    (145,543)
     
     
    (12,136,972)
     
     
    Cost
     
    Balance as at
    January 1,
    2015
     
    Additions
     
    Disposals
     
    Currency
    translation
    effect
     
    Balance as at
    December 31,
    2015
     
    Land
     
    $
    1,094,182
     
     
    57,901
     
     
    (661)
     
     
    9,387
     
     
    1,160,809
     
    Buildings and construction
     
     
    9,669,990
     
     
    204,254
     
     
    (17,191)
     
     
    160,127
     
     
    10,017,180
     
    Machinery and equipment
     
     
    9,816,722
     
     
    991,378
     
     
    (262,222)
     
     
    160,343
     
     
    10,706,221
     
    Transportation equipment
     
     
    1,171,030
     
     
    247,232
     
     
    (135,257)
     
     
    3,207
     
     
    1,286,212
     
    Computer equipment
     
     
    67,780
     
     
    22,081
     
     
    (6,163)
     
     
    2,144
     
     
    85,842
     
    Furniture
     
     
    153,015
     
     
    6,372
     
     
    (5,351)
     
     
    1,959
     
     
    155,995
     
    Leasehold improvements
     
     
    21,442
     
     
    -
     
     
    (12,700)
     
     
    -
     
     
    8,742
     
    Construction in progress
     
     
    991,866
     
     
    295,291
     
     
    (18,612)
     
     
    -
     
     
    1,268,545
     
    Total
     
    $
    22,986,027
     
     
    1,824,509
     
     
    (458,157)
     
     
    337,167
     
     
    24,689,546
     
     
    Accumulated depreciation
     
    Balance as at
    January 1
    2015
     
    Depreciation
    for the year
     
    Disposals
     
    Currency
    translation
    effect
     
    Balance as
    at December
    31, 2015
     
    Buildings and construction
     
    $
    (4,754,662)
     
     
    (179,402)
     
     
    9,199
     
     
    (17,979)
     
     
    (4,942,844)
     
    Machinery and equipment
     
     
    (5,210,886)
     
     
    (512,786)
     
     
    150,685
     
     
    (54,294)
     
     
    (5,627,281)
     
    Transportation equipment
     
     
    (795,625)
     
     
    (59,655)
     
     
    107,333
     
     
    (3,592)
     
     
    (751,539)
     
    Computer equipment
     
     
    (56,462)
     
     
    (7,946)
     
     
    6,411
     
     
    (2,201)
     
     
    (60,198)
     
    Furniture
     
     
    (113,638)
     
     
    (9,481)
     
     
    4,210
     
     
    (644)
     
     
    (119,553)
     
    Total
     
    $
    (10,931,273)
     
     
    (769,270)
     
     
    277,838
     
     
    (78,710)
     
     
    (11,501,415)
     
     
     
     
    December 31,
     
    Carrying amounts, net
     
    2017
     
    2016
     
    2015
     
    Land
     
    $
    1,353,643
     
     
    1,210,052
     
     
    1,160,809
     
    Buildings and construction
     
     
    6,116,970
     
     
    5,471,570
     
     
    5,074,336
     
    Machinery and equipment
     
     
    7,315,057
     
     
    5,971,025
     
     
    5,078,940
     
    Transportation equipment
     
     
    1,001,747
     
     
    869,900
     
     
    534,673
     
    Computer equipment
     
     
    44,487
     
     
    48,466
     
     
    25,644
     
    Furniture
     
     
    50,329
     
     
    45,224
     
     
    36,442
     
    Leasehold improvements
     
     
    2,661
     
     
    5,186
     
     
    8,742
     
    Construction in progress
     
     
    1,435,147
     
     
    1,459,682
     
     
    1,268,545
     
    Total
     
    $
    17,320,041
     
     
    15,081,105
     
     
    13,188,131
     
     
    Additions of property, plant and equipment in 2017 include assets acquired through business combinations of $1,132,871 that consist of the following:
     
    Land
     
    $
    133,347
     
    Buildings and construction
     
     
    500,608
     
    Machinery and equipment
     
     
    491,101
     
    Transportation equipment
     
     
    2,137
     
    Furniture
     
     
    5,679
     
    Total
     
    $
    1,132,871
     
     
    Additions of property, plant and equipment in 2015 include assets acquired through business combinations of $11,581 that consist of machinery and equipment of $126, furniture of $16 and transportation equipment of $11,439.
     
    Depreciation expense during the years ended December 31, 2017, 2016 and 2015 was $1,075,788, $925,748 and $769,270, respectively, which were charged to cost of sales and operating expenses.