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Derivative financial instruments (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Fair Value Of Derivative Financial Instruments [Abstract]  
Summary of Characteristics and Fair Value of Derivative Instruments

These financial instruments were not entered into for speculative purposes, but neither were formally designated and therefore did not qualify as hedging instruments for accounting purposes and as a result changes in their fair value are recognized in profit or loss within finance cost. The main characteristics and the fair value of these derivatives at December 31, 2016, 2017 and 2018 are as follows:

 

 

 

Notional

amount

(millions)

 

 

Hedge

start date

 

Rate

 

Floor

 

 

CAP 1

 

 

CAP 2

 

 

Due date

 

Fair value

December 31,

2016

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

January 2021

 

Ps.

 

18,111

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

February 2021

 

 

 

18,417

 

Scotiabank

 

Ps.

 

2,200.0

 

 

April 2016

 

TIIE 28

 

 

4.05

%

 

 

5.75

%

 

 

6.75

%

 

February 2021

 

 

 

35,926

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ps.

 

72,454

 

 

 

 

Notional

amount

(millions)

 

 

Hedge

start date

 

Rate

 

 

Floor

 

 

CAP 1

 

 

CAP 2

 

 

Due date

 

Fair value

December 31,

2017

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

January 2021

 

Ps.

 

16,442

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

February 2021

 

 

 

16,753

 

Scotiabank

 

Ps.

 

2,200.0

 

 

April 2016

 

TIIE 28

 

 

 

4.05

%

 

 

5.75

%

 

 

6.75

%

 

February 2021

 

 

 

37,577

 

HSBC

 

Ps.

 

1,500.0

 

 

Mayo 2017

 

7.21%

 

 

 

 

 

 

 

 

 

 

 

March 2022

 

 

 

36,043

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ps.

 

106,815