MEXICAN ECONOMIC DEVELOPMENT INC | CIK:0001061736 |

Filed: 4/24/2018

Entity registrant name: MEXICAN ECONOMIC DEVELOPMENT INC (CIK: 0001061736)

Generator: Donnelley Financial Solutions

SEC filing page: http://www.sec.gov/Archives/edgar/data/1061736/000119312518129003/0001193125-18-129003-index.htm

XBRL Instance: http://www.sec.gov/Archives/edgar/data/1061736/000119312518129003/fmx-20171231.xml

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Note 15. Balances and Transactions in Foreign Currencies

Assets, liabilities and transactions denominated in foreign currencies are those realized in a currency different than the functional currency of the Company. As of December 31, 2017 and for each of the three years ended on December 31, 2017, assets, liabilities and transactions denominated in foreign currencies, expressed in Mexican pesos (contractual amounts) are as follows:

 

		Assets								Liabilities
Balances		Short-Term				Long-Term				Short-Term				Long-Term
As of December 31, 2017
U.S. dollars		Ps.	69,772			Ps.	148			Ps.	4,241			Ps.	73,115
Euros			25				—				1,881				23,573
Other currencies			46				1,674				340				1
Total		Ps.	69,843			Ps.	1,822			Ps.	6,462			Ps.	96,689
As of December 31, 2016
U.S. dollars		Ps.	17,796			Ps.	696			Ps.	4,540			Ps.	88,611
Euros			246				—				345				21,774
Other currencies			5				1,581				246				1,190
Total		Ps.	18,047			Ps.	2,277			Ps.	5,131			Ps.	111,575

 

Transactions		Revenues				Other Operating Revenues				Purchases of Raw Materials				Interest Expense				Consulting Fees				Asset Acquisitions				Other
For the year ended December 31, 2017
U.S. dollars		Ps.	1,909			Ps.	1,677			Ps.	16,320			Ps.	2,534			Ps.	267			Ps.	272			Ps.	4,052
Euros			—				2				87				452				23				4				20
Other currencies			—				—				—				—				12								—
Total		Ps.	1,909			Ps.	1,679			Ps.	16,407			Ps.	2,986			Ps.	302			Ps.	276			Ps.	4,072
For the year ended December 31, 2016
U.S. dollars		Ps.	4,068			Ps.	1,281			Ps.	14,961			Ps.	3,173			Ps	.182			Ps.	407			Ps.	3,339
Euros			6				—				104				355				43				—				5
Other currencies			29				150				—				150				185				—				4
Total		Ps.	4,103			Ps.	1,431			Ps.	15,065			Ps.	3,678			Ps.	410			Ps.	407			Ps.	3,348
For the year ended December 31, 2015
U.S. dollars		Ps.	1,891			Ps.	472			Ps.	11,710			Ps.	1,973			Ps.	34			Ps.	75			Ps.	2,035
Euros			—				1				2				—				2				—				37
Other currencies			20				—				—				—				—				—				204
Total		Ps.	1,911			Ps.	473			Ps.	11,712			Ps.	1,973			Ps.	36			Ps.	75			Ps.	2,276

Mexican peso exchange rates effective at the dates of the consolidated statements of financial position and at the issuance date of the Company’s consolidated financial statements were as follows:

 

		December 31,								April 20,
		2017				2016				2018
U.S. dollar			19.7354				20.6640				18.0333
Euro			23.5729				21.7741				22.9066