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:DisclosureOfCashAndCashEquivalentsExplanatory

    (7)
    Cash and cash equivalents
     
    The consolidated balances of cash and cash equivalents as of December 31, 2017, 2016 and 2015 are as follows:
     
     
     
    December 31,
     
     
     
    2017
     
    2016
     
    2015
     
    Cash and banks
     
    $
    15,464,312
     
     
    9,890,007
     
     
    4,774,420
     
    Investments with maturities less than three months
     
     
    623,898
     
     
    4,771,961
     
     
    9,246,071
     
    Cash and cash equivalents
     
     
    16,088,210
     
     
    14,661,968
     
     
    14,020,491
     
    Restricted cash
     
     
    24,058
     
     
    19,236
     
     
    25,771
     
    Total cash and cash equivalents and restricted cash
     
    $
    16,112,268
     
     
    14,681,204
     
     
    14,046,262
     
     
    Restricted cash corresponds to the minimum margin required by the intermediary for the Company’s derivative financial instruments on commodities in order to meet future commitments that may stem from adverse market movements affecting prices on the open positions as of December 31, 2017, 2016 and 2015.