XML 77 R36.htm IDEA: XBRL DOCUMENT v3.20.1
Operating segment and geographic information
12 Months Ended
Dec. 31, 2019
Disclosure Of Operating Segments [Abstract]  
Operating segment and geographic information

30.

Operating segment and geographic information

All airports provide similar services to their customers as described in Note 21.

The elimination of the investment of the Company in its subsidiaries is included under “Eliminations” along with any intersegment revenues and other significant intercompany operations.

The following are the results, assets and liabilities by segments for the years ended December 31, 2017, 2018 and 2019:

 

December 31, 2017

 

Guadalajara

 

 

Tijuana

 

 

Puerto

Vallarta

 

 

San José del

Cabo

 

 

Montego

Bay

 

 

Hermosillo

 

 

Guanajuato

 

 

Other

Airports

 

 

Total

reportable

segments

 

 

Other

Companies

 

 

Eliminations

 

 

Total

 

Aeronautical services

 

Ps.

 

2,426,289

 

 

Ps.

 

1,158,896

 

 

Ps.

 

989,137

 

 

Ps.

 

1,111,293

 

 

Ps.

 

1,290,079

 

 

Ps.

 

272,941

 

 

Ps.

 

386,726

 

 

Ps.

 

645,162

 

 

Ps.

 

8,280,522

 

 

Ps.

 

 

 

Ps.

 

 

 

Ps.

 

8,280,522

 

Non-aeronautical services

 

 

 

645,997

 

 

 

 

304,023

 

 

 

 

371,939

 

 

 

 

618,468

 

 

 

 

496,477

 

 

 

 

62,481

 

 

 

 

116,686

 

 

 

 

152,133

 

 

 

 

2,768,205

 

 

 

 

4,700

 

 

 

 

 

 

 

 

2,772,905

 

Improvements to

   concessions assets

 

 

 

326,198

 

 

 

 

203,664

 

 

 

 

101,235

 

 

 

 

222,106

 

 

 

 

66,131

 

 

 

 

174,769

 

 

 

 

122,133

 

 

 

 

96,256

 

 

 

 

1,312,491

 

 

 

 

 

 

 

 

 

 

 

 

1,312,491

 

Total revenues

 

 

 

3,398,484

 

 

 

 

1,666,583

 

 

 

 

1,462,310

 

 

 

 

1,951,866

 

 

 

 

1,852,687

 

 

 

 

510,191

 

 

 

 

625,545

 

 

 

 

893,551

 

 

 

 

12,361,218

 

 

 

 

4,700

 

 

 

 

 

 

 

 

12,365,918

 

Total intersegment

   revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,265,456

 

 

(4,265,456)

 

 

 

 

 

Income from operations

 

 

 

2,072,491

 

 

 

 

883,966

 

 

 

 

863,209

 

 

 

 

1,171,837

 

 

 

 

565,463

 

 

 

 

142,836

 

 

 

 

312,363

 

 

 

 

201,276

 

 

 

 

6,213,440

 

 

 

 

4,323,747

 

 

(4,255,456)

 

 

 

 

6,281,731

 

Interest income

 

 

 

105,328

 

 

 

 

45,775

 

 

 

 

53,166

 

 

 

 

65,601

 

 

 

 

 

 

 

 

26,798

 

 

 

 

15,648

 

 

 

 

32,674

 

 

 

 

344,991

 

 

 

 

750,350

 

 

 

 

(674,606

)

 

 

 

420,735

 

Interest expense

 

 

 

(168,112

)

 

 

 

(89,265

)

 

 

 

(52,327

)

 

 

 

(85,706

)

 

 

 

(136,497

)

 

 

 

(35,317

)

 

 

 

(27,125

)

 

 

 

(59,450

)

 

 

 

(653,800

)

 

 

 

(640,015

)

 

 

 

674,606

 

 

 

 

(619,207

)

Gain on financial

   investment held

   for coverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34,361

 

 

 

 

 

 

 

 

34,361

 

Depreciation and

   amortization for the year

 

 

 

(295,445

)

 

 

 

(161,892

)

 

 

 

(142,763

)

 

 

 

(201,241

)

 

 

 

(344,861

)

 

 

 

(59,241

)

 

 

 

(52,836

)

 

 

 

(175,472

)

 

 

 

(1,433,750

)

 

 

 

(9,813

)

 

 

 

 

 

 

 

(1,443,562

)

Share of loss of associate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(10,620

)

 

 

 

 

 

 

 

(10,620

)

Income before income

   taxes

 

 

 

2,008,984

 

 

 

 

840,689

 

 

 

 

856,050

 

 

 

 

1,135,132

 

 

 

 

445,269

 

 

 

 

134,220

 

 

 

 

303,605

 

 

 

 

188,364

 

 

 

 

5,912,312

 

 

 

 

4,514,866

 

 

 

 

(4,255,456

)

 

 

 

6,171,722

 

Income taxes expense

 

 

 

(442,764

)

 

 

 

(152,631

)

 

 

 

(184,506

)

 

 

 

(288,786

)

 

 

 

(107,062

)

 

 

 

(12,382

)

 

 

 

(69,271

)

 

 

 

(61,368

)

 

 

 

(1,318,770

)

 

 

 

(121,871

)

 

 

 

 

 

 

 

(1,440,641

)

Total assets

 

 

 

9,289,847

 

 

 

 

5,541,186

 

 

 

 

3,875,465

 

 

 

 

4,133,283

 

 

 

 

3,068,476

 

 

 

 

1,715,227

 

 

 

 

1,475,581

 

 

 

 

3,749,862

 

 

 

 

32,848,928

 

 

 

 

38,598,059

 

 

 

 

(31,929,455

)

 

 

 

39,517,532

 

Total liabilities

 

 

 

3,133,738

 

 

 

 

1,498,785

 

 

 

 

1,127,055

 

 

 

 

1,872,045

 

 

 

 

1,854,290

 

 

 

 

663,360

 

 

 

 

571,006

 

 

 

 

1,022,866

 

 

 

 

11,743,146

 

 

 

 

13,871,716

 

 

 

 

(8,174,099

)

 

 

 

17,440,763

 

Investment in associates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,016

 

 

 

 

 

 

 

 

11,016

 

Net cash flows provided

   by operations activities

 

 

 

1,852,797

 

 

 

 

969,246

 

 

 

 

844,238

 

 

 

 

1,086,007

 

 

 

 

788,059

 

 

 

 

195,867

 

 

 

 

270,238

 

 

 

 

381,488

 

 

 

 

6,387,940

 

 

 

 

(105,808

)

 

 

 

(113,430

)

 

 

 

6,168,702

 

Net cash flow used in

   investing activities

 

 

 

(414,701

)

 

 

 

(410,216

)

 

 

 

(184,142

)

 

 

 

(323,649

)

 

 

 

(122,417

)

 

 

 

(202,470

)

 

 

 

(143,243

)

 

 

 

(147,718

)

 

 

 

(1,948,557

)

 

 

 

4,839,982

 

 

 

 

(4,830,000

)

 

 

 

(1,938,575

)

Net cash flow used in

   financing activities

 

 

 

(1,144,341

)

 

 

 

(560,617

)

 

 

 

(436,447

)

 

 

 

(825,018

)

 

 

 

(287,859

)

 

 

 

(77,101

)

 

 

 

(123,028

)

 

 

 

(232,161

)

 

 

 

(3,686,573

)

 

 

 

(2,830,743

)

 

 

 

4,830,000

 

 

 

 

(1,687,316

)

Additions to non-current

   as assets

 

 

 

5,796,853

 

 

 

 

3,615,601

 

 

 

 

2,432,387

 

 

 

 

2,762,873

 

 

 

 

5,604,397

 

 

 

 

1,134,216

 

 

 

 

967,981

 

 

 

 

2,431,955

 

 

 

 

24,746,263

 

 

 

 

318,997

 

 

 

 

 

 

 

 

25,065,260

 

 

December 31, 2018

 

Guadalajara

 

 

Tijuana

 

 

Puerto

Vallarta

 

 

San José del

Cabo

 

 

Montego

Bay

 

 

Hermosillo

 

 

Guanajuato

 

 

Other

Airports

 

 

Total

reportable

segments

 

 

Other

Companies

 

 

Eliminations

 

 

Total

 

Aeronautical services

 

Ps.

 

2,824,677

 

 

Ps.

 

1,344,122

 

 

Ps.

 

1,088,417

 

 

Ps.

 

1,244,106

 

 

Ps.

 

1,419,674

 

 

Ps.

 

306,118

 

 

Ps.

 

484,798

 

 

Ps.

 

787,242

 

 

Ps.

 

9,499,154

 

 

Ps.

 

 

 

Ps.

 

 

 

Ps.

 

9,499,154

 

Non-aeronautical services

 

 

 

796,739

 

 

 

 

326,214

 

 

 

 

399,427

 

 

 

 

698,891

 

 

 

 

543,878

 

 

 

 

82,922

 

 

 

 

148,119

 

 

 

 

180,517

 

 

 

 

3,176,708

 

 

 

 

6,823

 

 

 

 

 

 

 

 

3,183,532

 

Improvements to

   concession assets

 

 

 

110,415

 

 

 

 

100,986

 

 

 

 

40,330

 

 

 

 

346,956

 

 

 

 

545,959

 

 

 

 

47,541

 

 

 

 

16,244

 

 

 

 

231,771

 

 

 

 

1,440,204

 

 

 

 

 

 

 

 

 

 

 

 

1,440,204

 

Total revenues

 

 

 

3,731,830

 

 

 

 

1,771,323

 

 

 

 

1,528,174

 

 

 

 

2,289,954

 

 

 

 

2,509,511

 

 

 

 

436,581

 

 

 

 

649,162

 

 

 

 

1,199,530

 

 

 

 

14,116,066

 

 

 

 

6,823

 

 

 

 

 

 

 

 

14,122,890

 

Total intersegment

   revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,805,223

 

 

 

 

(4,805,223

)

 

 

 

 

Income from operations

 

 

 

2,454,759

 

 

 

 

1,042,368

 

 

 

 

942,551

 

 

 

 

1,272,180

 

 

 

 

646,677

 

 

 

 

153,576

 

 

 

 

408,037

 

 

 

 

306,197

 

 

 

 

7,226,345

 

 

 

 

4,783,428

 

 

 

 

(4,765,120

)

 

 

 

7,244,652

 

Interest income

 

 

 

112,569

 

 

 

 

44,954

 

 

 

 

43,471

 

 

 

 

54,836

 

 

 

 

6,431

 

 

 

 

13,722

 

 

 

 

19,502

 

 

 

 

51,327

 

 

 

 

346,813

 

 

 

 

1,065,159

 

 

 

 

(835,278

)

 

 

 

576,694

 

Interest expense

 

 

 

(230,458

)

 

 

 

(136,453

)

 

 

 

(65,407

)

 

 

 

(136,914

)

 

 

 

(135,740

)

 

 

 

(50,927

)

 

 

 

(47,099

)

 

 

 

(93,929

)

 

 

 

(896,927

)

 

 

 

(950,762

)

 

 

 

835,278

 

 

 

 

(1,012,411

)

Gain on financial

   investment held

   for coverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

29,643

 

 

 

 

 

 

 

 

29,643

 

Depreciation and

   amortization for the year

 

 

 

(310,882

)

 

 

 

(180,904

)

 

 

 

(153,230

)

 

 

 

(217,858

)

 

 

 

(354,963

)

 

 

 

(72,635

)

 

 

 

(61,073

)

 

 

 

(186,997

)

 

 

 

(1,538,542

)

 

 

 

(31,095

)

 

 

 

 

 

 

 

(1,569,637

)

Share of loss of associate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(947

)

 

 

 

 

 

 

 

(947

)

Income before income

   taxes

 

 

 

2,394,213

 

 

 

 

979,156

 

 

 

 

952,241

 

 

 

 

1,218,028

 

 

 

 

525,351

 

 

 

 

124,243

 

 

 

 

386,323

 

 

 

 

263,776

 

 

 

 

6,843,329

 

 

 

 

4,929,463

 

 

 

 

(4,765,120

)

 

 

 

7,007,672

 

Income taxes expense

 

 

 

(584,439

)

 

 

 

(210,874

)

 

 

 

(225,833

)

 

 

 

(336,560

)

 

 

 

(128,246

)

 

 

 

(19,098

)

 

 

 

(99,963

)

 

 

 

(114,118

)

 

 

 

(1,719,131

)

 

 

 

(149,910

)

 

 

 

 

 

 

 

(1,869,041

)

Total assets

 

 

 

9,773,884

 

 

 

 

5,729,156

 

 

 

 

3,918,644

 

 

 

 

4,166,561

 

 

 

 

3,039,158

 

 

 

 

1,747,518

 

 

 

 

1,632,722

 

 

 

 

3,033,967

 

 

 

 

33,041,609

 

 

 

 

38,884,387

 

 

 

 

(32,375,494

)

 

 

 

39,550,502

 

Total liabilities

 

 

 

3,519,318

 

 

 

 

1,858,474

 

 

 

 

1,158,586

 

 

 

 

2,228,807

 

 

 

 

2,123,946

 

 

 

 

735,487

 

 

 

 

701,735

 

 

 

 

1,405,884

 

 

 

 

13,732,236

 

 

 

 

13,911,464

 

 

 

 

(9,865,348

)

 

 

 

17,778,352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in associates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35

 

 

 

 

 

 

 

 

35

 

Net cash flows provided

   by operations activities

 

 

 

2,233,357

 

 

 

 

1,376,334

 

 

 

 

797,800

 

 

 

 

1,063,923

 

 

 

 

860,399

 

 

 

 

173,726

 

 

 

 

357,455

 

 

 

 

448,702

 

 

 

 

7,311,697

 

 

 

 

810,779

 

 

 

 

(886,857

)

 

 

 

7,235,619

 

Net cash flow used in

   investing activities

 

 

 

(284,319

)

 

 

 

(378,328

)

 

 

 

(90,743

)

 

 

 

(418,407

)

 

 

 

(652,469

)

 

 

 

(61,374

)

 

 

 

(113,388

)

 

 

 

(255,707

)

 

 

 

(2,254,734

)

 

 

 

4,959,209

 

 

 

 

(5,254,886

)

 

 

 

(2,550,411

)

Net cash flow used in

   financing activities

 

 

 

(1,552,530

)

 

 

 

(681,179

)

 

 

 

(739,684

)

 

 

 

(942,796

)

 

 

 

(931,248

)

 

 

 

(107,021

)

 

 

 

(155,344

)

 

 

 

(6,374

)

 

 

 

(5,116,178

)

 

 

 

(6,305,402

)

 

 

 

5,254,886

 

 

 

 

(6,166,694

)

Additions to non-current

   as assets

 

 

 

5,665,570

 

 

 

 

3,729,013

 

 

 

 

2,356,638

 

 

 

 

2,976,072

 

 

 

 

5,924,992

 

 

 

 

1,128,854

 

 

 

 

990,782

 

 

 

 

2,600,342

 

 

 

 

25,372,263

 

 

 

 

729,295

 

 

 

 

 

 

 

 

26,101,558

 

 

December 31, 2019

 

Guadalajara

 

 

Tijuana

 

 

Puerto

Vallarta

 

 

San José del

Cabo

 

 

Montego

Bay

 

 

Hermosillo

 

 

Guanajuato

 

 

Other

Airports

 

 

Total

reportable

segments

 

 

Other

Companies

 

 

Eliminations

 

 

Total

 

Aeronautical services

 

Ps.

 

2,978,617

 

 

Ps.

 

1,568,297

 

 

Ps.

 

1,183,610

 

 

Ps.

 

1,364,746

 

 

Ps.

 

1,512,164

 

 

Ps.

 

337,380

 

 

Ps.

 

584,650

 

 

Ps.

 

1,018,256

 

 

Ps.

 

10,547,720

 

 

Ps.

 

 

 

Ps.

 

 

 

Ps.

 

10,547,720

 

Non-aeronautical services

 

 

 

938,445

 

 

 

 

454,098

 

 

 

 

455,699

 

 

 

 

787,424

 

 

 

 

585,325

 

 

 

 

97,696

 

 

 

 

180,327

 

 

 

 

265,282

 

 

 

 

3,764,296

 

 

 

 

7,203

 

 

 

 

 

 

 

 

3,771,500

 

Improvements to

   concession assets

 

 

 

858,807

 

 

 

 

300,221

 

 

 

 

57,697

 

 

 

 

299,155

 

 

 

 

136,363

 

 

 

 

3,332

 

 

 

 

32,853

 

 

 

 

218,371

 

 

 

 

1,906,801

 

 

 

 

 

 

 

 

 

 

 

 

1,906,801

 

Total revenues

 

 

 

4,775,869

 

 

 

 

2,322,617

 

 

 

 

1,697,007

 

 

 

 

2,451,326

 

 

 

 

2,233,853

 

 

 

 

438,408

 

 

 

 

797,829

 

 

 

 

1,501,910

 

 

 

 

16,218,818

 

 

 

 

7,203

 

 

 

 

 

 

 

 

16,226,021

 

Total intersegment

   revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,262,241

 

 

 

 

(5,262,241

)

 

 

 

 

Income from operations

 

 

 

2,599,316

 

 

 

 

1,274,902

 

 

 

 

1,051,669

 

 

 

 

1,397,328

 

 

 

 

629,027

 

 

 

 

191,079

 

 

 

 

477,123

 

 

 

 

350,253

 

 

 

 

7,970,697

 

 

 

 

5,282,882

 

 

 

 

(5,236,341

)

 

 

 

8,017,238

 

Interest income

 

 

 

113,495

 

 

 

 

53,684

 

 

 

 

47,959

 

 

 

 

45,703

 

 

 

 

13,191

 

 

 

 

12,090

 

 

 

 

21,019

 

 

 

 

56,800

 

 

 

 

363,942

 

 

 

 

1,292,797

 

 

 

 

(990,910

)

 

 

 

665,829

 

Interest expense

 

 

 

(274,257

)

 

 

 

(162,628

)

 

 

 

(75,298

)

 

 

 

(173,132

)

 

 

 

(145,597

)

 

 

 

(57,245

)

 

 

 

(54,132

)

 

 

 

(111,549

)

 

 

 

(1,053,838

)

 

 

 

(1,362,817

)

 

 

 

990,910

 

 

 

 

(1,425,746

)

Loss on financial

   investment held

   for coverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(149,770

)

 

 

 

 

 

 

 

(149,770

)

Depreciation and

   amortization for the year

 

 

 

(346,586

)

 

 

 

(206,982

)

 

 

 

(156,383

)

 

 

 

(234,670

)

 

 

 

(85,851

)

 

 

 

(100,403

)

 

 

 

(390,394

)

 

 

 

(210,357

)

 

 

 

(1,731,627

)

 

 

 

(44,511

)

 

 

 

 

 

 

 

(1,776,137

)

Share of gain of associate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

79

 

 

 

 

 

 

 

 

79

 

Income before income

   taxes

 

 

 

2,423,349

 

 

 

 

1,159,190

 

 

 

 

1,010,897

 

 

 

 

1,261,254

 

 

 

 

495,171

 

 

 

 

140,027

 

 

 

 

440,450

 

 

 

 

294,655

 

 

 

 

7,224,994

 

 

 

 

5,357,532

 

 

 

 

(5,236,341

)

 

 

 

7,346,185

 

Income taxes expense

 

 

 

(649,761

)

 

 

 

(185,555

)

 

 

 

(273,431

)

 

 

 

(359,996

)

 

 

 

(124,228

)

 

 

 

(26,013

)

 

 

 

(132,118

)

 

 

 

(72,356

)

 

 

 

(1,823,460

)

 

 

 

(67,983

)

 

 

 

 

 

 

 

(1,891,443

)

Total assets

 

 

 

10,038,163

 

 

 

 

6,155,593

 

 

 

 

3,941,917

 

 

 

 

4,445,521

 

 

 

 

2,372,006

 

 

 

 

1,707,357

 

 

 

 

1,653,964

 

 

 

 

4,759,366

 

 

 

 

35,073,888

 

 

 

 

39,969,627

 

 

 

 

(33,465,711

)

 

 

 

41,577,804

 

Total liabilities

 

 

 

4,091,482

 

 

 

 

2,261,268

 

 

 

 

1,334,263

 

 

 

 

2,706,406

 

 

 

 

2,102,386

 

 

 

 

767,297

 

 

 

 

774,619

 

 

 

 

1,809,866

 

 

 

 

15,847,585

 

 

 

 

16,927,461

 

 

 

 

(11,866,923

)

 

 

 

20,908,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in associates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

114

 

 

 

 

 

 

 

 

114

 

Net cash flows provided

   by operations activities

 

 

 

2,295,782

 

 

 

 

1,322,659

 

 

 

 

984,410

 

 

 

 

1,299,232

 

 

 

 

841,232

 

 

 

 

248,261

 

 

 

 

490,864

 

 

 

 

469,505

 

 

 

 

7,951,945

 

 

 

 

301,883

 

 

 

 

(89,772

)

 

 

 

8,164,057

 

Net cash flow used in

   investing activities

 

 

 

(986,532

)

 

 

 

(341,155

)

 

 

 

(69,382

)

 

 

 

(343,198

)

 

 

 

(211,385

)

 

 

 

(42,913

)

 

 

 

(69,230

)

 

 

 

(156,943

)

 

 

 

(2,220,737

)

 

 

 

3,624,786

 

 

 

 

(3,990,143

)

 

 

 

(2,586,095

)

Net cash flow used in

   financing activities

 

 

 

(1,750,155

)

 

 

 

(703,256

)

 

 

 

(824,218

)

 

 

 

(802,640

)

 

 

 

(633,251

)

 

 

 

(197,367

)

 

 

 

(352,970

)

 

 

 

(63,433

)

 

 

 

(5,327,291

)

 

 

 

(2,894,381

)

 

 

 

3,990,143

 

 

 

 

(4,231,529

)

Additions to non-current

   as assets

 

 

 

6,252,492

 

 

 

 

3,845,105

 

 

 

 

2,263,519

 

 

 

 

3,052,248

 

 

 

 

5,548,992

 

 

 

 

1,051,047

 

 

 

 

942,924

 

 

 

 

2,676,181

 

 

 

 

25,632,508

 

 

 

 

924,182

 

 

 

 

 

 

 

 

26,556,690

 

 

Non-current assets are comprised of Machinery, equipment, Improvements to leased assets, Improvements to concession assets, Airport concessions, Rights of use of airport facilities,

Other acquired rights, Right-of-use assets and Other assets.

The unrealized exchange loss, net amounts (a non-cash item) disclosed in the consolidated statements of cash flow relates mainly to Other Companies segments, and comes from bank loans denominated in foreign currency.

The amounts shown in the eliminations column relates to the intercompany transactions and balances being eliminated to arrive at consolidated figures, such as, personnel services, parking operations, income and financial expenses, equity method, investments in subsidiaries, amongst the most important.

 

-

Geographic information All business units of the Company are operating in Mexico and Jamaica. The financial information presented above covers the different regions in which these airports operate. Segment revenue has been based on the geographic location of the customers and non-current segment assets were based on the location of the assets. Montego Bay and Kingston airports corresponds to the Region of Jamaica with geographic revenue of Ps. 1,852,687, Ps. 2,509,511 and Ps. 2,413,596 during the years ended December 31, 2017, 2018 and 2019 respectively and non-current assets of Ps. 5,604,397, Ps. 5,924,992 and Ps. 5,725,684 as of December 31, 2017, 2018 and 2019 respectively. Geographic revenue from customers located in Mexico amounted to Ps. 10,513,231, Ps.11,613,379 and Ps. 13,812,424 for the years ended December 31, 2017, 2018 and 2019 and non-current assets physically located in Mexico totaled Ps. 19,454,971, Ps. 20,176,566 and Ps. 20,831,006 as of December 31, 2017, 2018 and 2019 respectively. There are no revenues generated from and no non-current assets located in Spain.              

 

-

Major Customers The Company has no dependence on a particularly customer, as 54.6%, 54.9% and 52.9% of the total revenues for 2017, 2018 and 2019, respectively, corresponds to the passenger charges that are paid by passengers upon use of the Company’s airport facilities, that is collected by the airlines to be subsequently reimbursed to the airports, and are covered by the airlines through guarantees issued in favor of the airports. Without the revenues from passenger charges that airlines collect on behalf of the Company, no one customer represents more than 10.0% of the consolidated revenues.

 

-

Major suppliers The Company has no dependence on a specific supplier, due to, no one supplier represents more than 10% of its capital investments in productive assets and/or of the total operating costs.