| Leases |
Right-of-use assets, net
The Group leases a fleet of cars for
operating activities and as a work tool, as well as computers, servers, printers, real estate (Jafra distribution center and commercial
venues) with different expiration dates, with the latest expiration date in 2034. These leases were recorded as right of use assets as
follows:
| |
|
2024 |
|
|
Restated (*)
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
|
| Cost |
|
Ps. |
621,394 |
|
|
|
556,293 |
|
|
|
381,824 |
|
| Accumulated depreciation |
|
|
(307,371 |
) |
|
|
(194,732 |
) |
|
|
(88,259 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Ps. |
314,023 |
|
|
|
361,561 |
|
|
|
293,565 |
|
| | |
As
of
December 31,
2023 | | |
Additions | | |
Disposals | | |
Foreign
currency
translation | | |
As
of
December 31,
2024 | |
| | |
| | |
| | |
| | |
| | |
| |
| Vehicles | |
Ps. | 137,408 | | |
| 65,109 | | |
| (20,809 | ) | |
| 2,266 | | |
| 183,974 | |
| Buildings | |
| 225,936 | | |
| - | | |
| (2,430 | ) | |
| 10,927 | | |
| 234,433 | |
| Warehouses | |
| 117,854 | | |
| 4,036 | | |
| (761 | ) | |
| 6,240 | | |
| 127,369 | |
| Office furniture and equipment | |
| 8,395 | | |
| 433 | | |
| - | | |
| - | | |
| 8,828 | |
| Computer equipment | |
| 66,700 | | |
| 2,122 | | |
| (2,032 | ) | |
| - | | |
| 66,790 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cost | |
Ps. | 556,293 | | |
| 71,700 | | |
| (26,032 | ) | |
| 19,433 | | |
| 621,394 | |
| | |
As
of
December 31,
2023 | | |
Additions | | |
Disposals | | |
Foreign
currency
translation | | |
As
of
December 31,
2024 | |
| | |
| | |
| | |
| | |
| | |
| |
| Vehicles | |
Ps. | (54,394 | ) | |
| (38,996 | ) | |
| 18,999 | | |
| (1,325 | ) | |
| (75,716 | ) |
| Buildings | |
| (40,178 | ) | |
| (33,812 | ) | |
| (2,344 | ) | |
| (4,059 | ) | |
| (80,393 | ) |
| Warehouses | |
| (59,919 | ) | |
| (26,560 | ) | |
| - | | |
| (4,065 | ) | |
| (90,544 | ) |
| Office furniture and equipment | |
| (2,919 | ) | |
| (2,650 | ) | |
| - | | |
| - | | |
| (5,569 | ) |
| Computer equipment | |
| (37,322 | ) | |
| (18,967 | ) | |
| 1,140 | | |
| - | | |
| (55,149 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accumulated depreciation | |
Ps. | (194,732 | ) | |
| (120,985 | ) | |
| 17,795 | | |
| (9,449 | ) | |
| (307,371 | ) |
| | |
As
of
December 31,
2022 | | |
Additions | | |
Disposals | | |
Foreign
currency
translation | | |
As
of
December 31,
2023(*) Restated | |
| | |
| | |
| | |
| | |
| | |
| |
| Vehicles | |
Ps. | 107,542 | | |
| 49,934 | | |
| (18,206 | ) | |
| (1,862 | ) | |
| 137,408 | |
| Buildings | |
| 94,616 | | |
| 139,645 | | |
| - | | |
| (8,325 | ) | |
| 225,936 | |
| Warehouses | |
| 119,903 | | |
| 2,718 | | |
| - | | |
| (4,767 | ) | |
| 117,854 | |
| Office furniture and equipment | |
| 8,151 | | |
| 3,172 | | |
| (2,928 | ) | |
| - | | |
| 8,395 | |
| Computer equipment | |
| 51,612 | | |
| 15,088 | | |
| - | | |
| - | | |
| 66,700 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cost | |
Ps. | 381,824 | | |
| 210,557 | | |
| (21,134 | ) | |
| (14,954 | ) | |
| 556,293 | |
| | |
As
of
December 31,
2022 | | |
Additions | | |
Disposals | | |
Foreign
currency
translation | | |
As
of
December 31,
2023(*) Restated | |
| | |
| | |
| | |
| | |
| | |
| |
| Vehicles | |
Ps. | (20,918 | ) | |
| (41,266 | ) | |
| 6,275 | | |
| 1,515 | | |
| (54,394 | ) |
| Buildings | |
| (12,947 | ) | |
| (30,306 | ) | |
| 1,647 | | |
| 1,428 | | |
| (40,178 | ) |
| Warehouses | |
| (35,275 | ) | |
| (26,158 | ) | |
| - | | |
| 1,514 | | |
| (59,919 | ) |
| Office furniture and equipment | |
| (1,346 | ) | |
| (2,651 | ) | |
| 1,078 | | |
| - | | |
| (2,919 | ) |
| Computer equipment | |
| (17,773 | ) | |
| (19,549 | ) | |
| - | | |
| - | | |
| (37,322 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accumulated depreciation | |
Ps. | (88,259) | | |
| (119,930 | ) | |
| 9,000 | | |
| 4,457 | | |
| (194,732 | ) |
| (*) | Details of the restatement are shown in note 2b. |
| | |
As
of
January 1,
2022 | | |
Subsidiaries’
Acquisitions | | |
Additions | | |
Disposals | | |
Foreign
currency
translation | | |
As
of
December 31,
2022 | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Vehicles | |
Ps. | 623 | | |
| 59,657 | | |
| 48,433 | | |
| (1,171 | ) | |
| - | | |
| 107,542 | |
| Buildings | |
| - | | |
| 7,049 | | |
| 88,051 | | |
| (484 | ) | |
| - | | |
| 94,616 | |
| Warehouses | |
| 17,101 | | |
| 53,575 | | |
| 49,227 | | |
| - | | |
| - | | |
| 119,903 | |
| Office furniture and equipment | |
| - | | |
| 2,697 | | |
| 5,454 | | |
| - | | |
| - | | |
| 8,151 | |
| Computer equipment | |
| 19,968 | | |
| 27,803 | | |
| 3,856 | | |
| (15 | ) | |
| - | | |
| 51,612 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cost | |
Ps. | 37,692 | | |
| 150,781 | | |
| 195,021 | | |
| (1,670 | ) | |
| - | | |
| 381,824 | |
| | |
As
of
January 1,
2022 | | |
Additions | | |
Disposals | | |
Foreign
currency
translation | | |
As
of
December 31,
2022 | |
| | |
| | |
| | |
| | |
| | |
| |
| Vehicles | |
Ps. | (147 | ) | |
| (21,795 | ) | |
| 1,024 | | |
| - | | |
| (20,918 | ) |
| Buildings | |
| - | | |
| (12,947 | ) | |
| - | | |
| - | | |
| (12,947 | ) |
| Warehouses | |
| (17,101 | ) | |
| (18,658 | ) | |
| 484 | | |
| - | | |
| (35,275 | ) |
| Office furniture and equipment | |
| - | | |
| (1,346 | ) | |
| - | | |
| - | | |
| (1,346 | ) |
| Computer equipment | |
| (3,060 | ) | |
| (14,419 | ) | |
| 1 | | |
| (295 | ) | |
| (17,773 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accumulated depreciation | |
Ps. | (20,308 | ) | |
| (69,165 | ) | |
| 1,509 | | |
| (295 | ) | |
| (88,259 | ) |
The right-of-use asset depreciation
expense for the years of 2024, 2023 and 2022 amounted to Ps.120,985, Ps.119,930 and Ps.69,165, respectively, and is included within administrative
expenses in the consolidated statement of profit or loss and other comprehensive income. As of December 31, 2024, 2023 and
2022, the Group has master lease contracts for computers, servers, cars, BWM’s corporate office, Jafra México’s distribution
center, office equipment (printers), and premises in different regions.
As of December 31, 2024, 2023 and
2022, Betterware leased warehouses, offices, commercial space, and equipment, used in normal operations of the Group’s companies,
to which the short-term exemption was applied, considering that the lease term was for less than one year. The rental expense for the
years ended December 31, 2024, 2023 and 2022, amounted to Ps.34,111, Ps.15,295 and Ps.31,003, respectively.
Lease liabilit
The lease liabilities as of December
31, 2024, 2023 and 2022 are described below.
| Lease liability | |
| |
| Balance as of January 1, 2022 | |
Ps. | 17,880 | |
| Subsidiaries’
Acquisitions (1) | |
| 146,187 | |
| Lease additions (1) | |
| 193,856 | |
| Lease disposals (1) | |
| (195 | ) |
| Rent payments (principal and
interest) (2) | |
| (76,214 | ) |
| Foreign currency translation
(1) | |
| (1,172 | ) |
| Interest
expense (1) | |
| 11,566 | |
| Balance as of December 31, 2022 | |
| 291,908 | |
| Lease additions (1) | |
| 210,557 | |
| Lease disposals (1) | |
| (12,298 | ) |
| Rent payments (principal and
interest) (2) | |
| (123,241 | ) |
| Foreign currency translation
(1) | |
| (12,526 | ) |
| Interest
expense (1) | |
| 34,321 | |
| Balance as of December 31, 2023(*) Restated | |
| 388,721 | |
| Lease additions (1) | |
| 71,700 | |
| Lease disposals (1) | |
| (7,849 | ) |
| Rent payments (principal and
interest) (2) | |
| (155,361 | ) |
| Foreign currency translation
(1) | |
| 13,009 | |
| Interest
expense (1) | |
| 34,375 | |
| Balance as of December 31, 2024 | |
Ps. | 344,595 | |
| (1) | Changes that do not represent cash flow |
| (2) | Changes that represent cash flow |
| (*) | Details of the restatement are shown in note 2b. |
The maturity analysis of total future minimum lease payments,
including non-accrued interest, is as follows:
| Year | |
Amount | |
| 2025 | |
Ps | 132,913 | |
| 2026 | |
| 98,931 | |
| 2027 | |
| 60,831 | |
| 2028 | |
| 31,359 | |
| 2029-2034 | |
| 139,778 | |
| | |
| | |
| | |
Ps | 463,812 | |
|