An analysis of the temporary differences giving rise to deferred income tax liabilities (assets) is as follows:
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Consolidated Statement of Financial Position as of |
Consolidated Income Statement | |||||||||||||||||||
| Consolidated Statement of Financial Position | 2017 | 2016 | 2017 | 2016 | 2015 | |||||||||||||||
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Allowance for doubtful accounts |
Ps. | (119 | ) | Ps. | (148 | ) | Ps. | 16 | Ps. | (8 | ) | Ps. | 2 | |||||||
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Inventories |
(4 | ) | (14 | ) | 10 | (163 | ) | (15 | ) | |||||||||||
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Prepaid expenses |
17 | 13 | 5 | (71 | ) | 7 | ||||||||||||||
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Property, plant and equipment, net (1) |
(244 | ) | 1,599 | (2,071 | ) | 1,439 | (96 | ) | ||||||||||||
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Other assets |
(569 | ) | (403 | ) | (166 | ) | 167 | 41 | ||||||||||||
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Finite useful lived intangible assets |
820 | 56 | 761 | (289 | ) | 112 | ||||||||||||||
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Indefinite lived intangible assets |
2,143 | 1,458 | 743 | 5,280 | (26 | ) | ||||||||||||||
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Post-employment and other non-current employee benefits |
(474 | ) | (229 | ) | (196 | ) | (1 | ) | 115 | |||||||||||
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Derivative financial instruments |
42 | 86 | (44 | ) | 62 | 22 | ||||||||||||||
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Contingencies |
(2,629 | ) | (1,822 | ) | (807 | ) | (96 | ) | (7 | ) | ||||||||||
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Employee profit sharing payable |
(159 | ) | (166 | ) | 6 | (14 | ) | (3 | ) | |||||||||||
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Tax loss carryforwards |
(8,088 | ) | (8,101 | ) | (13 | ) | (1,834 | ) | (2,230 | ) | ||||||||||
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Tax credits to recover (2) |
(2,308 | ) | (1,150 | ) | (705 | ) | (1,150 | ) | — | |||||||||||
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Cumulative other comprehensive income |
(141 | ) | 84 | (224 | ) | — | — | |||||||||||||
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Deductible tax goodwill of business acquisition |
— | 160 | (160 | ) | (1,921 | ) | 1,378 | |||||||||||||
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Liabilities of amortization of goodwill of business acquisition |
5,527 | 5,921 | (394 | ) | 45 | (32 | ) | |||||||||||||
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Other liabilities |
(112 | ) | (2,120 | ) | 1,476 | (6,092 | ) | (777 | ) | |||||||||||
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Deferred tax (income) |
Ps. | (1,763 | ) | Ps. | (4,646 | ) | Ps. | (1,509 | ) | |||||||||||
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Deferred tax, asset |
Ps. | (8,012 | ) | Ps. | (5,981 | ) | ||||||||||||||
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Deferred tax, liability |
1,714 | 1,205 | ||||||||||||||||||
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Deferred income taxes, net |
Ps. | (6,298 | ) | Ps. | (4,776 | ) | ||||||||||||||
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| (1) | As a result of the change of Venezuelan tax regulations, on December 31, 2016 the Company recognized a deferred tax liability for an amount of Ps. 1,107 with their corresponding impact on the income tax of the year. Such amount was derecognized during 2017 as a result of the deconsolidation of Venezuela. |
| (2) | Correspond to income tax credits arising from dividends received from foreign subsidiaries to be recovered within the next ten years accordingly to the Mexican Income Tax law as well as effects of the exchange of foreign currencies with Related and Non-Related Parties. |