(15) | Goodwill |
| | 2017 | | 2016 | | 2015 | | |||
Balances at beginning of the year | | $ | 484,877 | | | 454,295 | | | 349,764 | |
Business combinations (Note 4) | | | 1,042,163 | | | - | | | 123,933 | |
Goodwill impairment loss | | | - | | | - | | | (38,619) | |
Foreign currency effects | | | 104,054 | | | 30,582 | | | 19,217 | |
Balances at end of year | | $ | 1,631,094 | | | 484,877 | | | 454,295 | |
2017 | | ||||||||||||
Cash-generating unit | | Final balance of the year | | Projection period (years) | | Annual discount rate (%) | | Annual growth rate (%) | | ||||
Bachoco - Istmo and Peninsula regions | | $ | 212,833 | | | 5 | | | 12.52 | % | | 3.00 | % |
Campi | | | 88,015 | | | 5 | | | 12.52 | % | | 3.00 | % |
Ok Farms - Morris Hatchery, Inc. Arkansas | | | 65,200 | | | 5 | | | 6.14 | % | | 0.00 | % |
Ok Farms - Morris Hatchery Inc. Georgia | | | 110,091 | | | 5 | | | 6.14 | % | | 0.00 | % |
Ok Foods- Albertville Quality Foods, Inc. | | | 1,154,955 | | | 5 | | | 6.14 | % | | 0.00 | % |
| | $ | 1,631,094 | | | | | | | | | | |
2016 | | ||||||||||||
Cash-generating unit | | Final balance of the year | | Projection period (years) | | Annual discount rate (%) | | Annual growth rate (%) | | ||||
Bachoco - Istmo and Peninsula regions | | $ | 212,833 | | | 5 | | | 12.91 | % | | 2.70 | % |
Campi | | | 88,015 | | | 5 | | | 12.91 | % | | 2.10 | % |
Ok Farms - Morris Hatchery, Inc. Arkansas | | | 68,449 | | | 5 | | | 8.62 | % | | 0.00 | % |
Ok Farms- Morris Hatchery Inc. Georgia | | | 115,580 | | | 5 | | | 8.62 | % | | 0.00 | % |
| | $ | 484,877 | | | | | | | | | | |
2015 | | ||||||||||||
Cash-generating unit | | Final balance of the year | | Projection period (years) | | Annual discount rate (%) | | Annual growth rate (%) | | ||||
Bachoco - Istmo and Peninsula regions | | $ | 212,833 | | | 5 | | | 9.67 | % | | 2.70 | % |
Campi | | | 88,015 | | | 5 | | | 9.67 | % | | 2.10 | % |
Ok Farms - Morris Hatchery, Inc. Arkansas | | | 57,075 | | | 5 | | | 9.32 | % | | 0.00 | % |
Ok Farms- Morris Hatchery Inc. Georgia | | | 96,372 | | | 5 | | | 9.32 | % | | 0.00 | % |
| | $ | 454,295 | | | | | | | | | | |