XML 263 R20.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Right-of-use assets and liability related to right-of-use of assets
 12 Months Ended
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