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)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1044896/000114420418023204/0001144204-18-023204-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1044896/000114420418023204/bachocob-20171231.xml
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    • ifrs-full:DisclosureOfRelatedPartyExplanatory

    (20)
    Transactions and balances with related parties
     
    (a)
    Transactions with management
     
    Compensation
     
    The following table shows the compensation paid to the directors and executives for services provided in their respective positions for the years ended December 31, 2017, 2016 and 2015:
     
     
     
    December 31,
     
     
     
    2017
     
    2016
     
    2015
     
    Compensation
     
    $
    56,201
     
     
    53,531
     
     
    42,295
     
     
    (b)
    Transactions with other related parties
     
    Below is a summary of the Company’s transactions and balances with other related parties, which are comprised of affiliates that are under common control:
     
    i. Revenues
     
     
     
    Transaction value
     
    Balance as of
     
     
     
    December 31,
     
    December 31,
     
     
     
    2017
     
    2016
     
    2015
     
    2017
     
    2016
     
    2015
     
    Sales of products to:
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Vimifos, S.A. de C.V.
     
    $
    47,344
     
     
    41,715
     
     
    32,827
     
    $
    326
     
     
    4,261
     
     
    5,447
     
    Frescopack, S.A. de C.V.
     
     
    10
     
     
    66
     
     
    -
     
     
     
     
     
    32
     
     
    -
     
    Autos y Accesorios, S.A. de C.V.
     
     
    -
     
     
    -
     
     
    419
     
     
    -
     
     
    -
     
     
    -
     
    Taxis Aéreos del Noroeste, S.A. de C.V.
     
     
    1,013
     
     
    1,927
     
     
    135
     
     
    -
     
     
    144,562
     
     
    189,075
     
     
     
    $
    48,367
     
     
    43,708
     
     
    33,381
     
    $
    326
     
     
    148,855
     
     
    194,522
     
     
    The balance of Taxis Aéreos del Noroeste, S.A. de C.V. as of December 31, 2016 and 2015 for $144,562 and $189,075 corresponds to a loan that bears interest and is due in the short term.
     
    ii. Expenses and balances payable to related parties
     
     
     
    Transaction value
     
    Balance as of
     
     
     
    December 31,
     
    December 31,
     
     
     
    2017
     
    2016
     
    2015
     
    2017
     
    2016
     
    2015
     
    Purchases of food, raw materials and packing supplies
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Vimifos, S.A. de C.V.
     
    $
    392,226
     
     
    554,282
     
     
    477,920
     
    $
    12,830
     
     
    126,396
     
     
    91,982
     
    Frescopack, S.A. de C.V.
     
     
    179,357
     
     
    137,752
     
     
    181,802
     
     
    29,537
     
     
    35,931
     
     
    37,827
     
    Pulmex 2000, S.A. de C.V.
     
     
    26,700
     
     
    41,122
     
     
    42,263
     
     
    8,138
     
     
    7,528
     
     
    16,181
     
    Qualyplast, S.A. de C.V.
     
     
    95
     
     
    193
     
     
    237
     
     
    -
     
     
    64
     
     
    158
     
    Purchases of vehicles, tires and spare parts
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Maquinaria Agrícola, S.A. de C.V.
     
    $
    793
     
     
    34,446
     
     
    41,947
     
     
    64
     
     
    1,898
     
     
    4,074
     
    Llantas y Accesorios, S.A. de C.V.
     
     
    35,225
     
     
    29,457
     
     
    29,269
     
     
    4,207
     
     
    3,449
     
     
    2,732
     
    Autos y Accesorios, S.A. de C.V.
     
     
    24,645
     
     
    40,575
     
     
    29,510
     
     
    57
     
     
    1,985
     
     
    3,364
     
    Autos y Tractores de Culiacán, S.A. de C.V.
     
     
    14,037
     
     
    39,504
     
     
    54,853
     
     
    79
     
     
    5,298
     
     
    3,100
     
    Camiones y Tractocamiones de Sonora, S.A. de C.V.
     
     
    85,448
     
     
    153,802
     
     
    69,779
     
     
    172
     
     
    6,137
     
     
    5,815
     
    Agencia MX-5, S.A de C.V.
     
     
    15
     
     
    25
     
     
    1
     
     
    4
     
     
    2
     
     
    -
     
    Alfonso R. Bours, S.A. de C.V.
     
     
    428
     
     
    394
     
     
    526
     
     
    95
     
     
    94
     
     
    93
     
    Cajeme Motors S.A. de C.V.
     
     
    29
     
     
    7,974
     
     
    6,632
     
     
    1
     
     
    710
     
     
    2
     
    Airplane leasing expenses
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Taxis Aéreos del Noroeste, S.A. de C.V.
     
    $
    7,854
     
     
    7,739
     
     
    7,874
     
     
    68
     
     
    474
     
     
    300
     
     
     
     
     
     
     
     
     
     
     
     
    $
    55,252
     
     
    189,966
     
     
    165,628
     
     
    As of December 31, 2017, 2016 and 2015, balances payable to related parties correspond to current accounts denominated in pesos that bear no interest and are payable on a short-term basis.