Non-controlling interest (NCI)

12 Months Ended

Dec. 31, 2021

19.	Non-controlling interest (NCI)

On April 20, 2015 the Company acquired 100% of the shares of DCA, which owns 74.5% of the shares of MBJA and the remaining 25.5% is hold by Vantage, as a non-controlling shareholder.

On December 4, 2019, the Board of Directors of MBJA approved to declare dividends from retained earnings in the amount of USD$30.0 million, which was distributed to DCA USD$22.35 million (Ps.428,639 an exchange rate of Ps.19.1785) and Vantage USD$7.65 million (Ps.146,715 an exchange rate Ps.19.1785) and were paid on December 16, 2019.

The following table summarizes the information relating to DCA that has material NCI, before any intra-group elimination as of December 31:

	2019			2020			2021
NCI percentage	25.5%			25.5%			25.5%
Non-current assets	Ps.	5,683,939		Ps.	6,118,680		Ps.	6,026,384
Current assets		746,038			1,134,440			1,489,451
Non-current liabilities		(1,847,337	)		(2,867,469	)		(2,724,344	)
Current liabilities		(499,225	)		(228,897	)		(320,041	)
Net assets		4,083,415			4,156,754			4,471,450
Net assets attributable to NCI	Ps.	1,041,271		Ps.	1,059,972		Ps.	1,140,220

	2019			2020			2021
Revenues	Ps.	2,413,596		Ps.	1,161,805		Ps.	1,551,800
Profit / (loss)		370,943			(196,677	)		181,274
OCI		(260,464	)		368,848			(85,286	)
Total comprehensive income		110,479			172,171			95,988
Profit / (loss) allocated to NCI		94,590			(50,153	)		46,225
OCI allocated to NCI	Ps.	(19,813	)	Ps.	68,854		Ps.	34,023

	2019			2020			2021
Net cash provided by operating activities		673,696			(38,123	)		586,284
Net cash provided by investment activities		(69,268	)		(245,271	)		(208,497	)
Net cash used in financing activities		(124,059	)		944,221			(107,872	)
Net increase (decrease) in cash and cash equivalents	Ps.	480,368		Ps.	660,827		Ps.	34,023