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Leases Obligations | 12 Months Ended
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Dec. 31, 2018
Disclosure Of Leases Obligations [Abstract] |
Leases Obligations |
15. | Leases Obligations
| a. | Lease contracts
The Company leased space for its corporate offices, lease of utility vehicles and operating vehicles, under a lease agreement. The average lease term is from 3 to 5 years in 2018 and has options to buy the equipment for a nominal amount at the end of the terms of the lease. The obligations of the Company derived from financial leases are guaranteed by the title of the lessors to the leased assets.
| b. | Liabilities for assets in lease
The amount of liabilities for assets in lease as of December 31, 2018 is as follows:
|  | Future minimum lease payments |  |  | Interest |  |  | Present value of minimum lease payments |
Less than one year |  | Ps. |  | 17,938 |  |  | Ps. |  | (3,428 | ) |  | Ps. |  | 14,510 |
Less than two years |  |  |  | 13,460 |  |  |  |  | (2,330 | ) |  |  |  | 11,130 |
Less than three years |  |  |  | 11,819 |  |  |  |  | (1,460 | ) |  |  |  | 10,359 |
Less than four years |  |  |  | 11,008 |  |  |  |  | (618 | ) |  |  |  | 10,390 |
Five years and over |  |  |  | 1,851 |  |  |  |  | (41 | ) |  |  |  | 1,810 |
Liabilities for assets in lease |  |  |  | 38,138 |  |  |  |  | (4,449 | ) |  |  |  | 33,689 |
|  | Ps. |  | 56,076 |  |  | Ps. |  | (7,877 | ) |  | Ps. |  | 48,199 |
|  | 2018 |
Operating lease commitment at December 31, 2017 at January 1, 2018 |  | Ps. |  | 62,948 |
Discount of the present value using the incremental loan rate at January 1, 2018 |  |  |  | (4,257 | )
Leases less than one year |  |  |  | (680 | )
Liabilities for assets in lease at January 1, 2018 |  |  |  | 58,011 |
Acquisitions of assets in lease |  |  |  | 5,425 |
Interest paid of leasing |  |  |  | (3,733 | )
Payment of leases obligations |  |  |  | (11,504 | )
Liabilities for assets in lease |  | Ps. |  | 48,199 |
The interest rates that underlie all obligations under lease agreements are fixed by an average discount interest of 8.38% during the year 2018. As of December 31, 2018, Ps. 3,733 was recognized as interest on the liability for lease in the consolidated statement of income and other comprehensive income.

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- Definition Leases obligations. + References No definition available. + Details
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