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Right-of-use assets and liability related to right-of-use of assets | 12 Months Ended
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Dec. 31, 2023
Presentation of leases for lessee [abstract] |
Right-of-use assets and liability related to right-of-use of assets | Note 15. Right-of-use assets and liability related to right-of-use of assets The Company has lease contracts for various items of towers & sites, property and other equipment used in its operations. Towers and sites, and property generally have lease terms between 2 and 24 years, while other equipment generally has lease terms between 2 and 20 years. At December 31, 2021, 2022 and 2023 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, 2021 |  | Ps. | 85,218,875 |  |  | Ps. | 12,205,435 |  |  | Ps. | 4,552,534 |  |  | Ps. | 101,976,844 |  |  | Ps. | 109,327,241 |
Additions and release (1) |  |  | 3,145,941 |  |  |  | 482,456 |  |  |  | 1,052,022 |  |  |  | 4,680,419 |  |  |  | 3,060,042 |
Modifications |  |  | 10,945,985 |  |  |  | 1,024,573 |  |  |  | 998,161 |  |  |  | 12,968,719 |  |  |  | 12,535,394 |
Depreciation (1) |  |  | (19,849,598 | ) |  |  | (3,086,201 | ) |  |  | (2,589,506 | ) |  |  | (25,525,305 | ) |  |  | — |
Interest expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,129,251 |
Payments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (30,544,750 | )
Translation adjustment |  |  | (2,904,175 | ) |  |  | (689,558 | ) |  |  | (134,551 | ) |  |  | (3,728,284 | ) |  |  | (2,852,953 | )
Balance at December 31, 2021 |  | Ps. | 76,557,028 |  |  | Ps. | 9,936,705 |  |  | Ps. | 3,878,660 |  |  | Ps. | 90,372,393 |  |  | Ps. | 98,654,225 |
(1) | Discontinued operations
|  | Right-of-use assets |  |  | Liability related to right-of-use of assets |
|  | Towers & Sites |  |  | Property |  |  | Other equipment |  |  | Total |
As of January 1, 2022 |  | Ps. | 76,557,028 |  |  | Ps. | 9,936,705 |  |  | Ps. | 3,878,660 |  |  | Ps. | 90,372,393 |  |  | Ps. | 98,654,225 |
Additions and release (1) |  |  | 42,958,221 |  |  |  | 574,801 |  |  |  | 5,463,706 |  |  |  | 48,996,728 |  |  |  | 44,134,101 |
Business combinations |  |  | 4,247,042 |  |  |  | 318 |  |  |  | 5,413 |  |  |  | 4,252,773 |  |  |  | 9,129,255 |
Modifications |  |  | 11,859,492 |  |  |  | 3,584,607 |  |  |  | 1,790,905 |  |  |  | 17,235,004 |  |  |  | 19,038,741 |
Depreciation |  |  | (22,858,868 | ) |  |  | (3,369,095 | ) |  |  | (2,756,898 | ) |  |  | (28,984,861 | ) |  |  | — |
Interest expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,903,397 |
Payments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (33,823,287 | )
Disposals (2) |  |  | (696,904 | ) |  |  | (88,303 | ) |  |  | (36,694 | ) |  |  | (821,901 | ) |  |  | (1,044,480 | )
Transfers (3) |  |  | (165,779 | ) |  |  | (126,763 | ) |  |  | (112,301 | ) |  |  | (404,843 | ) |  |  | (438,571 | )
Translation adjustment |  |  | (5,680,583 | ) |  |  | (1,289,832 | ) |  |  | (1,800,782 | ) |  |  | (8,771,197 | ) |  |  | (10,404,570 | )
Balance at December 31, 2022 |  | Ps. | 106,219,649 |  |  | Ps. | 9,222,438 |  |  | Ps. | 6,432,009 |  |  | Ps. | 121,874,096 |  |  | Ps. | 134,148,811 |
(1) | The increase as compared to the previous year, was due to rights of use and their corresponding liability with Sitios Latam, resulting from the spin-off occurred in August 2022.
(2) | Disposals includes the Panama disposal. See Note 2Ac.
(3) | Transfers includes the ClaroVTR joint venture. See Note 12b.
|  | Right-of-use assets |  |  | Liability related to right-of-use of assets |
|  | Towers & Sites |  |  | Property |  |  | Other equipment |  |  | Total |
As of January 1, 2023 |  |  | Ps.106,219,649 |  |  |  | Ps.9,222,438 |  |  |  | Ps.6,432,009 |  |  |  | Ps.121,874,096 |  |  |  | Ps.134,148,811 |
Additions and release |  |  | 14,744,304 |  |  |  | 464,791 |  |  |  | 146,515 |  |  |  | 15,355,610 |  |  |  | 12,244,019 |
Modifications |  |  | 25,773,865 |  |  |  | 1,430,795 |  |  |  | (3,397,274 | ) |  |  | 23,807,386 |  |  |  | 39,109,007 |
Depreciation |  |  | (26,763,563 | ) |  |  | (3,122,468 | ) |  |  | (1,953,019 | ) |  |  | (31,839,050 | ) |  |  | — |
Interest expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,648,584 |
Payments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (39,498,197 | )
Translation adjustment |  |  | (13,391,742 | ) |  |  | (1,358,124 | ) |  |  | (879,856 | ) |  |  | (15,629,722 | ) |  |  | (31,483,068 | )
Balance at December 31, 2023 |  |  | Ps.106,582,513 |  |  |  | Ps.6,637,432 |  |  |  | Ps.348,375 |  |  |  | Ps.113,568,320 |  |  |  | Ps.125,169,156 |
At December 31, 2022 and 2023, the total of the right-of-use assets include an amount of Ps. 64,582,841 and Ps. 59,820,924 corresponding to related parties, respectively and the total of lease liabilities include an amount of Ps. 65,686,036 and Ps. 61,881,679 corresponding to related parties, respectively. As of December 31, 2022 and 2023, net non-cash acquisitions of leases amounted to Ps. 4,862,627 and Ps. 3,111,591. The lease debt of the Company is integrated according to its maturities as follows:
|  | 2022 |  |  | 2023 |
Short term |  |  | Ps.32,902,237 |  |  | Ps. | 24,375,010 |
Long term |  |  | 101,246,574 |  |  |  | 100,794,146 |
Total |  |  | Ps.134,148,811 |  |  | Ps. | 125,169,156 |
The Company’s right of use liability maturities as of December 31, 2023 are as follows:
Year ended December 31, |  |  |
2025 |  | Ps. | 7,511,403 |
2026 |  |  | 12,110,866 |
2027 |  |  | 20,149,439 |
2028 |  |  | 14,118,209 |
2029 |  |  | 14,496,822 |
2030 and thereafter |  |  | 32,407,407 |
Total |  | Ps. | 100,794,146 |
During the years ended December 31, 2021, 2022 and 2023, the Company recognized expenses as follows:
|  | 2021 |
|  | Others |  |  | Related parties |  |  | Total |
Depreciation expense of right-of-use assets (1) |  | Ps. | 19,932,317 |  |  | Ps. | 5,592,988 |  |  | Ps. | 25,525,305 |
Interest expense on lease liabilities (1) |  |  | 6,212,774 |  |  |  | 916,477 |  |  |  | 7,129,251 |
Expense relating to short-term leases |  |  | 29,833 |  |  |  | — |  |  |  | 29,833 |
Expense relating to leases of low-value assets |  |  | 685 |  |  |  | — |  |  |  | 685 |
Variable lease payments |  |  | 68,236 |  |  |  | — |  |  |  | 68,236 |
Total |  | Ps. | 26,243,845 |  |  | Ps. | 6,509,465 |  |  | Ps. | 32,753,310 |
(1) | Discontinued operations
|  | 2022 |
|  | Others |  |  | Related parties |  |  | Total |
Depreciation expense of right-of-use assets |  | Ps. | 18,095,871 |  |  | Ps. | 10,888,990 |  |  | Ps. | 28,984,861 |
Interest expense on lease liabilities |  |  | 6,395,988 |  |  |  | 2,507,409 |  |  |  | 8,903,397 |
Expense relating to short-term leases |  |  | 24,234 |  |  |  | — |  |  |  | 24,234 |
Expense relating to leases of low-value assets |  |  | 886 |  |  |  | — |  |  |  | 886 |
Variable lease payments |  |  | 65,520 |  |  |  | — |  |  |  | 65,520 |
Total |  | Ps. | 24,582,499 |  |  | Ps. | 13,396,399 |  |  | Ps. | 37,978,898 |
|  | 2023 |
|  | Others |  |  | Related parties |  |  | Total |
Depreciation expense of right-of-use assets |  | Ps. | 15,530,686 |  |  | Ps. | 16,308,364 |  |  | Ps. | 31,839,050 |
Interest expense on lease liabilities |  |  | 5,316,141 |  |  |  | 5,332,443 |  |  |  | 10,648,584 |
Expense relating to short-term leases |  |  | 23,295 |  |  |  | — |  |  |  | 23,295 |
Expense relating to leases of low-value assets |  |  | 1,749 |  |  |  | — |  |  |  | 1,749 |
Variable lease payments |  |  | 67,927 |  |  |  | — |  |  |  | 67,927 |
Total |  | Ps. | 20,939,798 |  |  | Ps. | 21,640,807 |  |  | Ps. | 42,580,605 |

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