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Leases
 12 Months Ended
Dec. 31, 2020
Presentation Of Leases For Lessee [Abstract]  
Leases

 

32.

Leases

 

 

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

 

The expense in pesos for income amounted to Ps. 9,044, Ps. 12,004 and Ps. 12,250 for the years ended December 31, 2018, 2019 and 2020 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 the 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:

 

 

 

2018

 

 

2019

 

 

2020

 

Less than one year

 

Ps.

1,162,457

 

 

Ps.

 

1,331,301

 

 

Ps.

 

1,368,927

 

One to two years

 

 

 

835,157

 

 

 

 

1,074,436

 

 

 

 

1,109,585

 

Two to three years

 

 

 

665,499

 

 

 

 

875,768

 

 

 

 

768,681

 

Three to four years

 

 

 

524,911

 

 

 

 

592,384

 

 

 

 

390,332

 

Four to five years

 

 

 

316,356

 

 

 

 

299,145

 

 

 

 

105,303

 

More than five years

 

 

 

203,288

 

 

 

 

96,704

 

 

 

 

70,242

 

 

 

Ps.

3,707,668

 

 

Ps.

 

4,269,738

 

 

Ps.

 

3,813,070

 

 

 

b)

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

 

 

 

2018

 

 

2019

 

 

2020

 

Less than one year

 

USD$

 

12,175

 

 

USD$

 

8,692

 

 

USD$

 

9,491

 

One to two years

 

 

 

6,122

 

 

 

 

4,935

 

 

 

 

5,514

 

Two to three years

 

 

 

3,577

 

 

 

 

4,731

 

 

 

 

4,267

 

Three to four years

 

 

 

3,395

 

 

 

 

3,506

 

 

 

 

3,686

 

Four to five years

 

 

 

2,723

 

 

 

 

3,032

 

 

 

 

3,548

 

More than five years

 

 

 

22,177

 

 

 

 

19,398

 

 

 

 

3,780

 

 

 

USD$

 

50,169

 

 

USD$

 

44,294

 

 

USD$

 

30,287

 

 

During the years ended December 31, 2018, 2019 and 2020, the Company recognized income from leasing activities of Ps. 2,376,820, Ps. 2,859,958 and Ps. 1,748,493, 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, 2018, 2019 and 2020 are disclosed under the caption “Revenues from sharing of commercial activities” in Note 20.