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Investment in associate | 12 Months Ended
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Dec. 31, 2019
Disclosure Of Significant Investments In Associates [Abstract] |
Investment in associate |
13. | Investment in associate
Details of the associate of the Company at the end of the reporting period is as follow:
Name of associate |  | Place of constitution and operation |  | Proportion of ownership interest and voting power held by the Company |
SCL Terminal Aérea de Santiago, S. A. |  | Santiago de Chile, Chile |  |  | 14.77 | %
As disclosed in Note 1, DCA has a stake of 14.77% in SCL, operator of the international terminal of Santiago de Chile’s airport until September 30, 2015. On that date, the operation of the airport was delivered to the new operator. Although it no longer has operations in accordance with the concession agreement, SCL must remain in effect for one year after delivery of the concession to address any potential contingencies. After that first year, SCL shall remain in force until its dissolution, in accordance with the tax regulations in Chile. According to the estimates of the Company, it is expected that the associate will be liquidated in the year 2022, due to lawsuits which are expected to be resolved in that year, in accordance with the company administration and external advisors it is not expected to have an adverse effect on profit and loss. During the 2018, Ps. 10,034 were recovered. At the date of acquisition, the book value of SCL is € 4,653,021 (Ps. 105,936). The results of DCA of the years ended December 31, 2017, 2018 and 2019 were recognized using the equity method in the consolidated financial statements. As of December 31, 2017, 2018 and 2019, the net results of SCL is comprised as follows:
|  | 2017 |  |  | 2018 |  |  | 2019 |
Net (loss) profit SCL |  | Ps. |  | 19,330 |  |  | Ps. |  | (6,411 | ) |  | Ps. |  | 532 |
Proportion of ownership interest and voting power held by the Company |  |  |  | 14.77 | % |  |  |  | 14.77 | % |  |  |  | 14.77 | %
Share of (loss) profit of associate |  | Ps. |  | 2,855 |  |  | Ps. |  | (947 | ) |  | Ps. |  | 79 |
The Company owns less than 20% of the shares of SCL, however it concluded it has significant influence because it has a representation on its Board of Directors and participates in the process of setting its financial and operating policies. The summarized financial information below represents the amounts shown in the financial statements of SCL prepared in accordance with IFRS. The detail of the investment in the associate as of December 31, 2019 is as follows:
|  | Balance |
Initial investment |  | Ps. |  | 21,636 |
Adjustment to the investment SCL |  |  |  | (13,475 | )
Share of loss of associate 2017 |  |  |  | 2,855 |
Balance as of December 31, 2017 |  |  |  | 11,016 |
Payment of capital reduction 2018 |  |  |  | (10,034 | )
Share of loss of associate 2018 |  |  |  | (947 | )
Balance as of December 31, 2018 |  |  |  | 35 |
Share of loss of associate 2019 |  |  |  | 79 |
Balance as of December 31, 2019 |  | Ps. |  | 114 |
Condensed statements of financial position as of December 31, 2017, 2018 and 2019:
|  | 2017 |  |  | 2018 |  |  | 2019 |
Current assets |  | Ps. |  | 142,672 |  |  | Ps. |  | 47,681 |  |  | Ps. |  | 11,935 |
Total assets |  |  |  | 142,672 |  |  |  |  | 47,681 |  |  |  |  | 11,935 |
Total liability |  |  |  | 51,189 |  |  |  |  | 37,845 |  |  |  |  | 7,354 |
Shareholders´ equity |  | Ps. |  | 91,483 |  |  | Ps. |  | 9,836 |  |  | Ps. |  | 4,581 |
Condensed statement of comprehensive profit (loss) for the year ended December 31, 2017, 2018 and 2019:
|  | 2017 |  |  | 2018 |  |  | 2019 |
Revenues |  | Ps. |  | 56,373 |  |  | Ps. |  | 1,773 |  |  | Ps. |  | 585 |
Costs, expenses and income taxes |  |  |  | 37,043 |  |  |  |  | 8,184 |  |  |  |  | 53 |
Net Profit (loss) |  | Ps. |  | 19,330 |  |  | Ps. |  | (6,411 | ) |  | Ps. |  | 532 |

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- Definition The disclosure of interests in associates. [Refer: Associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph 2 -Subparagraph b -Clause ii -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_2_b_ii&doctype=Standard -URIDate 2019-03-27 + Details
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