The following disclosures provide a sensitivity analysis of the market risks, which the Company is exposed to as it relates to foreign exchange rates, interests rates and commodity prices, which it considers in its existing hedging strategy:
|
Forward Agreements to Purchase USD (MXN/USD) |
Change in U.S.$ Rate |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(12 | %) | Ps. | (602 | ) | Ps. | — | |||||
|
2016 |
(17 | %) | (916 | ) | — | |||||||
|
2015 |
(11 | %) | (197 | ) | — | |||||||
|
Forward Agreements to Purchase USD (BRL/USD) |
Change in U.S.$ Rate |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(14 | %) | Ps. | (234 | ) | Ps. | — | |||||
|
2016 |
(18 | %) | (203 | ) | — | |||||||
|
2015 |
(21 | %) | (387 | ) | — | |||||||
|
Forward Agreements to Purchase USD (COP/USD) |
Change in U.S.$ Rate |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(9 | %) | Ps. | (73 | ) | Ps. | — | |||||
|
2016 |
(18 | %) | (255 | ) | — | |||||||
|
2015 |
(17 | %) | (113 | ) | — | |||||||
|
Forward Agreements to Purchase USD (ARS/USD) |
Change in U.S.$ Rate |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(10 | %) | Ps. | (29 | ) | Ps. | — | |||||
|
2015 |
(36 | %) | (231 | ) | — | |||||||
|
Cross Currency Swaps (USD into MXN) |
Change in U.S.$ Rate |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(12 | %) | Ps. | (3,540 | ) | Ps. | — | |||||
|
2016 |
(17 | %) | (3,687 | ) | (1,790 | ) | ||||||
|
2015 |
(11 | %) | — | (938 | ) | |||||||
|
Cross Currency Swaps (USD into BRL) |
Change in U.S.$ Rate |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(14 | %) | Ps. | (7,483 | ) | Ps. | — | |||||
|
2016 |
(18 | %) | (9,559 | ) | — | |||||||
|
2015 |
(21 | %) | (4,517 | ) | (1,086 | ) | ||||||
| Interest Rate Swaps (Float into Fix Rates) |
Change in BRL Rates |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(100 bps | ) | Ps. | (234 | ) | Ps. | — | |||||
|
Sugar Price Contracts |
Change in Sugar price |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(30 | %) | Ps. | (32 | ) | Ps. | — | |||||
|
2016 |
(33 | %) | (310 | ) | — | |||||||
|
2015 |
(31 | %) | (406 | ) | — | |||||||
|
Aluminum Price Contracts |
Change in Aluminum price |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2016 |
(16 | %) | Ps. | (13 | ) | Ps. | — | |||||
|
2015 |
(18 | %) | (58 | ) | — | |||||||
|
Options to Purchase Foreign Currency (MXN/USD) |
Change in U.S. $ Rate |
Effect on Equity |
Effect on Profit or Loss |
|||||||||
|
2017 |
(12 | %) | Ps. | (24 | ) | Ps. | — | |||||