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Leases Obligations | 12 Months Ended
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Dec. 31, 2019
Disclosure Of Leases Obligations [Abstract] |
Leases Obligations |
15. | Leases Obligations
| a. | Lease contracts
The Company leased space for its corporate offices and the lease of utility vehicles and operating vehicles, under a lease agreement. The average lease term is from 2 to 4 years in 2019 and there are options to buy the equipment for a nominal amount at the end of the terms of the lease. The obligations of the Company stem from financial leases that are guaranteed by the title of the lessors to the leased assets.
| b. | Liabilities for assets in a lease
The amount of liabilities for assets in a lease as of December 31, 2018 were 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 |  | Ps. |  | 13,460 |  |  | Ps. |  | (2,330 | ) |  | Ps. |  | 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 long term |  |  |  | 38,138 |  |  |  |  | (4,449 | ) |  |  |  | 33,689 |
Total liabilities for leased assets |  | Ps. |  | 56,076 |  |  | Ps. |  | (7,877 | ) |  | Ps. |  | 48,199 |
|  | 2018 |
Operating lease commitment as of December 31, 2017 |  | Ps. |  | 62,948 |
Discount of the present value using the incremental loan rate as of January 1, 2018 |  |  |  | (4,257 | )
Short term leases |  |  |  | (680 | )
Liabilities for assets in lease as of January 1, 2018 |  |  |  | 58,011 |
Acquisitions of assets in lease |  |  |  | 5,425 |
Interest paid on leasing |  |  |  | (3,733 | )
Payment of lease obligations |  |  |  | (11,504 | )
Liabilities for assets in lease |  | Ps. |  | 48,199 |
|  | Future minimum lease payments |  |  | Interest |  |  | Present value of minimum lease payments |
Less than one year |  | Ps. |  | 15,067 |  |  | Ps. |  | (2,490 | ) |  | Ps. |  | 12,577 |
Less than two years |  | Ps. |  | 13,445 |  |  | Ps. |  | (1,525 | ) |  | Ps. |  | 11,920 |
Less than three years |  |  |  | 11,496 |  |  |  |  | (612 | ) |  |  |  | 10,884 |
Less than four years |  |  |  | 1,850 |  |  |  |  | (39 | ) |  |  |  | 1,811 |
Liabilities for assets in lease long term |  |  |  | 26,791 |  |  |  |  | (2,176 | ) |  |  |  | 24,615 |
Total liabilities for leased assets |  | Ps. |  | 41,858 |  |  | Ps. |  | (4,666 | ) |  | Ps. |  | 37,192 |
|  | 2019 |
Liabilities for assets in lease as of December 31, 2018 |  | Ps. |  | 48,199 |
Acquisitions of assets in lease |  |  |  | 8,957 |
Interest paid on leasing |  |  |  | (3,703 | )
Payment of lease obligations |  |  |  | (16,261 | )
Liabilities for assets in lease |  | Ps. |  | 37,192 |
As of December 31, 2018 and 2019 the Company recognized Ps. 13,118 and Ps. 16,261 respectively for the amortization of assets for the rights of use. The interest rates that underlie all obligations under lease agreements are fixed by an average discount interest of 8.23% as of January 1°, 2018, and 8.38% and 7.99% during the year 2018 and 2019. As of December 31, 2018 and 2019, Ps. 3,733 and Ps. 3,703 was recognized as interest on the liability for lease in the consolidated statement of income and other comprehensive income.

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