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Leases
 12 Months Ended
Dec. 31, 2018
Presentation Of Leases For Lessee [Abstract]  
Leases

 

33.

Leases

Leasing as the tentant – Policy before January 1, 2018 - Rents from non-cancelable operating leases was payable as follows:

 

 

 

2016

 

 

2017

 

Less than one year

 

Ps.

 

18,550

 

 

Ps.

15,067

 

One to two years

 

 

 

9,178

 

 

 

 

10,716

 

Two to three years

 

 

 

9,696

 

 

 

 

11,252

 

Three to four years

 

 

 

10,138

 

 

 

 

11,899

 

Four to five years

 

 

 

10,497

 

 

 

 

12,583

 

More than five years

 

 

 

306

 

 

 

 

1,432

 

 

 

Ps.

58,365

 

 

Ps.

62,949

 

 

The Company leases space for its corporate offices under renewed operating lease agreements for a term of three and five years, counted as of May 2017 and February 2018, and will end in April 2020 and January 2023, respectively. The monthly rent to pay was USD $42,523. Base rent is subject to increases in accordance with the NCPI and the CPI.

 

The expense in pesos for income amounted to Ps. 8,837 and Ps. 9,044 for the years ended December 31, 2016 and 2017, respectively.

 

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

 

–

Leases as lessor

 

a)

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 non-cancelable in Mexico leases is as follows:

 

 

 

2016

 

 

2017

 

 

2018

 

Less than one year

 

Ps.

656,672

 

 

Ps.

720,071

 

 

Ps.

1,162,457

 

One to two years

 

 

 

361,797

 

 

 

 

434,079

 

 

 

 

835,157

 

Two to three years

 

 

 

214,803

 

 

 

 

208,106

 

 

 

 

665,499

 

Three to four years

 

 

 

70,334

 

 

 

 

116,597

 

 

 

 

524,911

 

Four to five years

 

 

 

55,225

 

 

 

 

43,150

 

 

 

 

316,356

 

More than five years

 

 

 

28,113

 

 

 

 

12,888

 

 

 

 

203,288

 

 

 

Ps.

1,386,944

 

 

Ps.

1,534,891

 

 

Ps.

3,707,668

 

 

 

b)

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

 

 

 

2016

 

 

2017

 

 

2018

 

Less than one year

 

USD$

 

10,022

 

 

USD$

 

13,018

 

 

USD$

 

12,175

 

One to two years

 

 

 

10,022

 

 

 

 

11,227

 

 

 

 

6,122

 

Two to three years

 

 

 

10,022

 

 

 

 

5,221

 

 

 

 

3,577

 

Three to four years

 

 

 

5,158

 

 

 

 

2,860

 

 

 

 

3,395

 

Four to five years

 

 

 

2,992

 

 

 

 

2,719

 

 

 

 

2,723

 

More than five years

 

 

 

6,197

 

 

 

 

16,305

 

 

 

 

22,177

 

 

 

USD$

 

44,413

 

 

USD$

 

51,350

 

 

USD$

 

50,169

 

 

During the years ended December 31, 2016, 2017 and 2018, the Company recognized income from leasing activities of Ps. 1,736,237, Ps. 2,039,697 and Ps. 2,376,820, 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, 2016, 2017 and 2018 are disclosed under the caption “Revenues from sharing of commercial activities” in Note 21.