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Right of use assets and lease debt | 12 Months Ended
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Dec. 31, 2020
Presentation of leases for lessee [abstract] |
Right of use assets and lease debt | 15. Right-of-use assets and lease debt The Company has lease contracts for various items of towers & sites, property and other equipment used in its operations. Towers and sites generally have lease terms between 5 and 12 years, while property and other equipment generally have lease terms between 5 and 25 years. At December 31, 2019 and 2020 the right-of-use assets and lease liabilities are as follows:
|  | Right-of-use assets |  |  | Liability related to right-of-use of assets |
|  | Towers & Sites |  |  | Property |  |  | Other equipment |  |  | Total |
As of January 1, 2019 |  | Ps. | 94,252,098 |  |  | Ps. | 21,075,884 |  |  | Ps. | 4,750,320 |  |  | Ps. | 120,078,302 |  |  | Ps. | 119,387,660 |
Additions and release |  |  | 6,364,508 |  |  |  | 921,542 |  |  |  | 729,001 |  |  |  | 8,015,051 |  |  |  | 7,437,621 |
Business Combinations |  |  | 9,668,507 |  |  |  | — |  |  |  | — |  |  |  | 9,668,507 |  |  |  | 10,810,111 |
Modifications |  |  | 7,474,469 |  |  |  | 1,288,974 |  |  |  | 728,837 |  |  |  | 9,492,280 |  |  |  | 8,363,045 |
Depreciation |  |  | (17,286,497 | ) |  |  | (4,941,222 | ) |  |  | (1,365,847 | ) |  |  | (23,593,566 | ) |  |  | — |
Interest expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,940,240 |
Payments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (26,765,075 | )
Translation adjustment |  |  | (4,370,636 | ) |  |  | (905,808 | ) |  |  | (380,907 | ) |  |  | (5,657,351 | ) |  |  | (6,576,869 | )
Balance at December 31, 2019 |  | Ps. | 96,102,449 |  |  | Ps. | 17,439,370 |  |  | Ps. | 4,461,404 |  |  | Ps. | 118,003,223 |  |  | Ps. | 120,596,733 |
Balance at the beginning of the year |  | Ps. | 96,102,449 |  |  | Ps. | 17,439,370 |  |  | Ps. | 4,461,404 |  |  | Ps. | 118,003,223 |  |  | Ps. | 120,596,733 |
Additions and release |  |  | 5,745,869 |  |  |  | 309,576 |  |  |  | 1,514,519 |  |  |  | 7,569,964 |  |  |  | 4,833,959 |
Modifications |  |  | 8,559,335 |  |  |  | (3,035,831 | ) |  |  | 1,048,858 |  |  |  | 6,572,362 |  |  |  | 7,769,326 |
Depreciation |  |  | (22,064,413 | ) |  |  | (3,440,428 | ) |  |  | (2,866,244 | ) |  |  | (28,371,085 | ) |  |  | — |
Interest expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,134,288 |
Payments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (29,623,565 | )
Translation adjustment |  |  | (3,124,365 | ) |  |  | 932,748 |  |  |  | 393,997 |  |  |  | (1,797,620 | ) |  |  | (3,383,500 | )
Balance at December 31, 2020 |  | Ps. | 85,218,875 |  |  | Ps. | 12,205,435 |  |  | Ps. | 4,552,534 |  |  | Ps. | 101,976,844 |  |  | Ps. | 109,327,241 |
At December 31, 2019 and 2020, the total of the right-of-use assets include an amount of Ps.22,878,245 and Ps.$18,499,851, corresponding to related parties, respectively and the total of lease liabilities include an amount of Ps.23,805,275 and Ps.$20,016,478 corresponding to related parties, respectively.
The implementation of IFRS 16 required a significant effort due to the fact of the need to make certain estimates, such as the lease term, based on the non-cancelable period and the periods covered by options to extend the lease. The Company considered the extension of the lease terms beyond the non-cancelable period only when it was reasonably certain to extend it. Th e reasonability of the extension was affected by several factors, such as regulation, business model, and geographical business strategies. The lease debt of the Company is integrated according to its maturities as follows:
|  | 2020 |
Short term |  | Ps. | 25,067,905 |
Long term |  |  | 84,259,336 |
Total |  | Ps. | 109,327,241 |
The Company’s long-term debt maturities as of December 31, 2020 are as foll o ws:
Year ended December 31, |  |  |
2022 |  | Ps. | 35,744,268 |
2023 |  |  | 12,778,050 |
2024 |  |  | 9,606,195 |
2025 and thereafter |  |  | 26,130,823 |
Total |  | Ps. | 84,259,336 |
During the years ended December 31 2019 and 2020, the Company recognized expenses as follows:
|  | 2019 |
|  | Others |  |  | Related parties |  |  | Total |
Depreciation expense of right-of-use assets |  |  | Ps.18,176,521 |  |  |  | Ps.5,417,045 |  |  |  | Ps.23,593,566 |
Interest expense on lease liabilities |  |  | 5,654,721 |  |  |  | 2,285,519 |  |  |  | 7,940,240 |
Expense relating to short-term leases |  |  | 1,978,403 |  |  |  | 1,958 |  |  |  | 1,980,361 |
Expense relating to leases of low-value assets |  |  | 25,935 |  |  |  | — |  |  |  | 25,935 |
Variable lease payments |  |  | 1,299,502 |  |  |  | — |  |  |  | 1,299,502 |
Total |  |  | Ps.27,135,082 |  |  |  | Ps.7,704,522 |  |  |  | Ps.34,839,604 |
|  | 2020 |
|  | Others |  |  | Related parties |  |  | Total |
Depreciation expense of right-of-use assets |  |  | Ps.22,404,924 |  |  |  | Ps.5,966,161 |  |  |  | Ps.28,371,085 |
Interest expense on lease liabilities |  |  | 7,081,693 |  |  |  | 2,052,595 |  |  |  | 9,134,288 |
Expense relating to short-term leases |  |  | 32,238 |  |  |  | — |  |  |  | 32,238 |
Expense relating to leases of low-value assets |  |  | 2,883 |  |  |  | — |  |  |  | 2,883 |
Variable lease payments |  |  | 78,494 |  |  |  | — |  |  |  | 78,494 |
Total |  |  | Ps.29,600,232 |  |  |  | Ps.8,018,756 |  |  |  | Ps.37,618,988 |
Impact on accounting for changes in lease payments applying the exemption. Based on the information available for evaluation as of the date of adoption, the effect of applying this amendment to IFRS 16 in the Company’s consolidated financial statements as of December 31, 2020 was Ps.277,680, reflecting an adjustment to accrued liability for leases and recognizing a benefit in the income statement for the period.

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