Operating lease agreements

12 Months Ended

Dec. 31, 2017

Presentation Of Leases For Lessee [Abstract]

33.	Operating lease agreements

Leasing as the lessee – The rents of operating leases are payable as follows:

	2015			2016			2017
Less than one year	Ps.	18,306		Ps.	18,550		Ps.	15,067
Between one and 5 years			47,829			39,815			47,881
	Ps.	66,135		Ps.	58,365		Ps.	62,948

The Company has leased office space under three and five-year operating lease agreement, which was renewed in February 2013 and May 2017 and concludes in January 2018 and April 2020, respectively. The monthly rental payments are USD$ 42,523. Base rent is subject to increases according to the National Consumer Price Index (NCPI) and the Consumer Price Index (CPI).

Rental expense in Mexican pesos amounted to Ps. 7,205, Ps. 8,837 and Ps. 9,044 for the years ended December 31, 2015, 2016 and 2017, respectively.

In addition to the monthly rent described above, the Company has entered into rental contracts for other assets, whose amounts are not material.

Leasing as the lessor

The Company receives payments from leasing of spaces inside the commercial area of the airports, which have been classified as operating leases. The future minimum lease payments associated with such leases is as follows:

	2015			2016			2017
Less than one year	Ps.	554,505		Ps.	656,672		Ps.	720,071
Between one and 5 years			714,262			728,712			809,179
More than 5 years			35,452			1,560			5,641
	Ps.	1,304,219		Ps.	1,386,944		Ps.	1,534,891

Future minimum rental payments under non-cancellable leases in MBJA are as shown in the following table (in thousands of USD Dollars):

	2015			2016			2017
Less than one a year	USD$	1,223		USD$	10,022		USD$	13,018
Between one and five years.			5,374			28,193			24,106
More than five years			—			6,198			14,226
	USD$	6,597		USD$	44,413		USD$	51,350

During the years ended December 31, 2015, 2016 and 2017, the Company recognized income from leasing activities of Ps. 1,244,644, Ps. 1,736,237 and Ps. 2,039,697, as part of the non-regulated revenues in the consolidated statements of profit or loss and other comprehensive income, respectively.

Future minimum rentals do not include the contingent rentals that may be paid under certain commercial leases on the basis of a percentage of the lessee’s monthly revenues in excess of the monthly minimum guaranteed rent. Contingent rentals for the years ended December 31, 2015, 2016 and 2017 are disclosed under the caption “Revenues from sharing of commercial activities” in Note 21.