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Bank Loans and issuance of Debt Securities (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract] |
Summary of Unpaid Balance of Loan - Loans Contracted with Banking Institutions and Third Parties | The totality of the credits contracted with banking institutions and third parties are described below:
|  | December 31 2020 |  |  | December 31 2021 |  |  | December 31 2022 |
MBJA signed a simple unsecured loan with its shareholder Vantage in June 2007 for USD$10,936,000, which is repayable at the same maturity date as the IFC´s loans but are subject to restrictions. Interest is accrued at an interest rate of 14% per annum and semi-annual instalments. |  | Ps. |  | 218,176 |  |  | Ps. |  | 225,119 |  |  | Ps. |  | 211,754 |
In February 2009, MBJA signed a simple unsecured loan with its shareholder Vantage for USD$510,000 to finance expenses related to a construction project of MBJA. The interest rate was set at 8%. The loan does not have an expiration date, no payments on account of capital have been made. |  |  |  | 10,174 |  |  |  |  | 10,498 |  |  |  |  | 9,874 |
On January 19, 2016, GAP refinanced with Bank of Nova Scotia the simple unsecured loan contracted previously for the amount of USD$95.5 million, with a five-year maturity. The loan bears interest at LIBOR 1M plus 99 basis points. |  |  |  | 1,905,101 |  |  |  |  | 1,965,724 |  |  |  |  | — |
On February 15, 2016, GAP refinanced with BBVA Bancomer the simple unsecured loan contracted previously for the amount of USD$95.5 million, with a five-year maturity. The loan bears interest at LIBOR 1M plus 105 basis points. |  |  |  | 1,905,101 |  |  |  |  | 1,965,724 |  |  |  |  | — |
On December 28, 2017, MBJA signed a simple unsecured loan with The Bank of Nova Scotia Jamaica Limited for USD$40,000,000. The loan bears interest at LIBOR 1M plus 285 basis points for a period of 7 years from this disposition and semi-annual instalments. As of December 31, 2022 the balance amounted to USD$20.0 million. |  |  |  | 718,153 |  |  |  |  | 576,338 |  |  |  |  | 387,230 |
On April 13, 2020, GAP signed a simple unsecured loan with Scotiabank for Ps. 1,000,000 for a period of 15 months at a variable interest rate 28 days TIIE variable plus 100 basis points. On May 13, 2021 the balance amounted was paid. |  |  |  | 1,000,000 |  |  |  |  | — |  |  |  |  | — |
On May 15, 2020, GAP signed a simple unsecured loan with BBVA Bancomer Ps. 1,000,000. The loan bears interest at a fixed annual interest rate of 6.99%. On May 26, 2021 the balance amounted was paid. |  |  |  | 1,000,000 |  |  |  |  | — |  |  |  |  | — |
On September 3, 2020, MBJA signed a simple unsecured loan with The Bank of Nova Scotia Jamaica Limited for USD$60,000,000. The loan bears interest at LIBOR plus 310 basis points for a period of 5 years from this disposition and semi-annual instalments. As of December 31, 2022 the balance amounted to USD$30,000,000. |  |  |  | 598,461 |  |  |  |  | 617,505 |  |  |  |  | 580,845 |
On March 18, 2022, GAP refinanced with Bank of Nova Scotia the simple unsecured loan contracted previously for the amount of USD$95.5 million, with a four-years maturity. The loan bears interest at a fixed annual interest rate of 2.64%. |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,849,023 |
On March 18, 2022, GAP refinanced with BBVA Bancomer the simple unsecured loan contracted previously for the amount of USD$95.5 million, with a four-years maturity. The loan bears interest at a fixed annual interest rate of 2.45%. |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,849,023 |
On November 07, 2022, GAP signed a simple unsecured loan with Scotiabank for Ps.1,500,000 for a period of 12 months with a possible extension of 6 months at a variable interest rate 28 days TIIE variable plus 38 basis points, the payment of the principal will be at maturity. |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,500,000 |
On December 09, 2022, GAP signed a simple unsecured loan with Citibanamex for Ps.1,500,000 for a period of 18 months at a variable interest rate 28 days TIIE variable plus 38 basis points, the payment of the principal will be at maturity. |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,500,000 |
Total unpaid balance of bank loans and long-term debt |  |  |  | 7,355,166 |  |  |  |  | 5,360,908 |  |  |  |  | 7,887,749 |
Less - Current portion |  |  |  | (1,159,590 | ) |  |  |  | (164,668 | ) |  |  |  | (1,654,891 | )
Long-term portion |  | Ps. |  | 6,195,576 |  |  | Ps. |  | 5,196,240 |  |  | Ps. |  | 6,232,858 |
Summary of Issuance of Debt Securities | b) Issuance of Debt Securities
|  | December 31 2020 |  |  | December 31 2021 |  |  | December 31 2022 |
Unsecured debt securities issued in the Mexican market on February 20, 2015, for Ps.1,500,000 under the name "GAP 15-2" at a fixed annual interest rate of 7.08% over a period of 10 years, maturing on February 7, 2025. |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |
Unsecured debt securities issued in the Mexican market on July 8, 2016, for Ps.1,500,000 under the "GAP 16" name, at a variable interest rate of 28-day TIIE plus 49 basis points for a period of five years. On July 2, 2021 the balance amounted was paid. |  |  |  | 1,500,000 |  |  |  |  | — |  |  |  |  | — |
Unsecured debt securities issued in the Mexican market on April 6, 2017, for Ps.1,500,000 under the "GAP 17" name, at a variable interest rate of 28-day TIIE plus 49 basis points for a period of five years. On March 31, 2022, the balance amounted was paid. |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |  |  |  |  | — |
Unsecured debt securities issued in the Mexican market on November 9, 2017, for Ps.2,300,000 under the "GAP 17-2" name, at a variable interest rate of 28-day TIIE plus 44 basis points for a period of five years. On November 3, 2022, the balance amounted was paid. |  |  |  | 2,300,000 |  |  |  |  | 2,300,000 |  |  |  |  | — |
Unsecured debt securities issued in the Mexican market on March 29, 2019, for Ps.3,000,000 under the "GAP 19" name, at a variable interest rate of 28-day TIIE plus 45 basis points for a period of five years. As of December 31, 2022, the TIIE rate is 10.7605%. |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |
Unsecured debt securities issued in the Mexican market on February 13, 2020, for Ps.3,000,000 under the "GAP 20" name, at a variable interest rate of 28-day TIIE plus 17 basis points for a period of five years. As of December 31, 2022, the TIIE rate is 10.7605%. |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |
Unsecured debt securities issued in the Mexican market on June 25, 2020, for Ps.602,000 under the "GAP 20-2" name, at a variable interest rate of 28-day TIIE plus 85 basis points for a period of three years. As of December 31, 2022, the TIIE rate is 10.7605%. |  |  |  | 602,000 |  |  |  |  | 602,000 |  |  |  |  | 602,000 |
Unsecured debt securities issued in the Mexican market on June 25, 2020, for Ps.3,598,000 under the "GAP 20-3" name, at a fixed interest rate of 8.14% for a period of seven years. |  |  |  | 3,598,000 |  |  |  |  | 3,598,000 |  |  |  |  | 3,598,000 |
Unsecured debt securities issued in the Mexican market on May 7, 2021, for Ps.2,500,000 under the "GAP 21" name, at a variable interest rate of 28-day TIIE plus 60 basis points for a period of four years. As of December 31, 2022, the TIIE rate is 10.7605% |  |  |  | — |  |  |  |  | 2,500,000 |  |  |  |  | 2,500,000 |
Unsecured debt securities issued in the Mexican market on May 7, 2021, for Ps.3,000,000 under the "GAP 21-2" name, at a fixed interest rate of 7.91% for a period of seven years. |  |  |  | — |  |  |  |  | 3,000,000 |  |  |  |  | 3,000,000 |
Green debt securities with unsecured guarantee, issued in the Mexican market on October 15, 2021, for 5-year with ticker symbol “GAP21V”, for Ps.1,500,000. Interest payable every 28 days at a variable rate of TIIE-28 plus 25 basis points; the payment of the principal will be at maturity, on October 9, 2026, with the option of early amortization. As of December 31, 2022, the TIIE rate is 10.7605%. |  |  |  | — |  |  |  |  | 1,500,000 |  |  |  |  | 1,500,000 |
Unsecured 5-year debt securities issued in the Mexican market on March 17, 2022, for Ps.2,000,000 under the “GAP 22” name, at a variable rate of TIIE-28 plus 18 basis points for a period of five years. As of December 31, 2022, the TIIE rate is 10.7605%. |  |  |  | — |  |  |  |  | — |  |  |  |  | 2,000,000 |
Unsecured debt securities issued in the Mexican market on March 17, 2022, for Ps.3,000,000 under the "GAP 22-2" name, at a fixed interest rate of 9.67% for a period of ten years. |  |  |  | — |  |  |  |  | — |  |  |  |  | 3,000,000 |
Unsecured debt securities issued in the Mexican market on September 26, 2022, for Ps.2,757,588 under the "GAP 22L" name, at a variable rate of TIIE-28 plus 26 basis points for a period of five years. As of December 31, 2022, the TIIE rate is 10.7605%. |  |  |  | — |  |  |  |  | — |  |  |  |  | 2,757,588 |
Total unpaid balance of long-term debt |  |  |  | 17,000,000 |  |  |  |  | 22,500,000 |  |  |  |  | 26,457,588 |
Less - Current portion |  |  |  | (1,500,000 | ) |  |  |  | (3,800,000 | ) |  |  |  | (602,000 | )
Long-term portion |  | Ps. |  | 15,500,000 |  |  | Ps. |  | 18,700,000 |  |  | Ps. |  | 25,855,588 |
Summary of Maturity of Long Term Debt Payable | The debt previously described, matures as follows:
Year |  | Amount |
2023 |  | Ps. |  | 2,256,891 |
2024 |  |  |  | 4,654,892 |
2025 |  |  |  | 11,356,338 |
2026 |  |  |  | 4,257,588 |
2027 |  |  |  | 5,598,000 |
Thereafter |  |  |  | 6,221,628 |
|  | Ps. |  | 34,345,337 |
Summary of Debt Payable | As of December 31, 2020, 2021 and 2022, debts are payable by the following companies:
|  | At December 31, 2020 |
Company |  | Current |  |  | Long-Term |  |  | Total |
GAP |  | Ps. |  | 2,500,000 |  |  | Ps. |  | 20,310,202 |  |  | Ps. |  | 22,810,202 |
MBJA |  |  |  | 159,590 |  |  |  |  | 1,385,374 |  |  |  |  | 1,544,964 |
Total |  | Ps. |  | 2,659,590 |  |  | Ps. |  | 21,695,576 |  |  | Ps. |  | 24,355,166 |
|  | At December 31, 2021 |
Company |  | Current |  |  | Long-Term |  |  | Total |
GAP |  | Ps. |  | 3,800,000 |  |  | Ps. |  | 22,631,449 |  |  | Ps. |  | 26,431,449 |
MBJA |  |  |  | 164,668 |  |  |  |  | 1,264,791 |  |  |  |  | 1,429,459 |
Total |  | Ps. |  | 3,964,668 |  |  | Ps. |  | 23,896,240 |  |  | Ps. |  | 27,860,908 |
|  | At December 31, 2022 |
Company |  | Current |  |  | Long-Term |  |  | Total |
GAP |  | Ps. |  | 2,102,000 |  |  | Ps. |  | 31,053,634 |  |  | Ps. |  | 33,155,634 |
MBJA |  |  |  | 154,891 |  |  |  |  | 1,034,812 |  |  |  |  | 1,189,703 |
Total |  | Ps. |  | 2,256,891 |  |  | Ps. |  | 32,088,446 |  |  | Ps. |  | 34,345,337 |
Summary of Reconciliation of Liabilities Arising From Financing Activities | c) Reconciliation of liabilities arising from financing activities
|  |  |  |  |  |  |  |  | Non-cash changes |  |
| Balance as of January 1, 2020 | Repayments on bank loans | Proceeds from issuance of Debt securities | Proceeds from Debt long-term | Exchange effects | Long-term reclassification | Fair value adjustments in P&L | Hedges fair value adjustments | Balance as of December 31, 2020
Debt securities current portion | Ps. | 2,200,000 | Ps. | (2,200,000) | Ps. | — | Ps. | — | Ps. | 9,170 | Ps. | 2,650,420 | Ps. | — | Ps. | — | Ps. | 2,659,590
Long-term borrowings |  | 4,437,043 |  | — |  | — |  | 2,709,125 |  | 199,828 |  | (1,150,420) |  | — |  | — |  | 6,195,576
Debt securities |  | 9,800,000 |  | — |  | 7,200,000 |  | — |  | — |  | (1,500,000) |  | — |  | — |  | 15,500,000
Derivative financial instruments (Note 15) |  | 261,293 |  | — |  | — |  | — |  | — |  | — |  | 62,249 |  | 427,162 |  | 750,704
Total | Ps. | 16,698,336 | Ps. | (2,200,000) | Ps. | 7,200,000 | Ps. | 2,709,125 | Ps. | 208,998 | Ps. | — | Ps. | 62,249 | Ps. | 427,162 | Ps. | 25,105,870
|  |  |  |  |  |  |  |  | Non-cash changes |  |
| Balance as of January 1, 2021 | Repayments on bank loans | Proceeds from issuance of Debt securities | Proceeds from Debt long-term | Exchange effects | Long-term reclassification | Fair value adjustments in P&L | Hedges fair value adjustments | Balance as of December 31, 2021
Debt securities current portion | Ps. | 2,659,590 | Ps. | (2,659,590) | Ps. | — | Ps. | — | Ps. | — | Ps. | 3,964,668 | Ps. | — | Ps. | — | Ps. | 3,964,668
Long-term borrowings |  | 6,195,576 |  | (4,782,073) |  | — |  | 3,779,413 |  | 167,992 |  | (164,668) |  | — |  | — |  | 5,196,240
Debt securities |  | 15,500,000 |  | — |  | 7,000,000 |  | — |  | — |  | (3,800,000) |  | — |  | — |  | 18,700,000
Derivative financial instruments (Note 15) |  | 750,704 |  | — |  | — |  | — |  | — |  | — |  | (51,656) |  | (717,372) |  | (18,324)
Total | Ps. | 25,105,870 | Ps. | (7,441,663) | Ps. | 7,000,000 | Ps. | 3,779,413 | Ps. | 167,992 | Ps. | — | Ps. | (51,656) | Ps. | (717,372) | Ps. | 27,842,584
|  |  |  |  |  |  |  |  |  |  |  |  | Non-cash changes |  |  |  |
| Balance as of January 1, 2022 |  | Repayments on bank loans |  | Proceeds from issuance of Debt securities |  | Proceeds from Debt long-term |  | Exchange effects |  | Long-term reclassification |  | Fair value adjustments in P&L |  | Hedges fair value adjustments |  | Balance as of December 31, 2022 |
Debt securities current portion | Ps. |  | 3,964,668 |  | Ps. |  | (3,964,668 | ) | Ps. |  | — |  | Ps. |  | 1,500,000 |  | Ps. |  | — |  | Ps. |  | 756,892 |  | Ps. |  | — |  | Ps. |  | — |  | Ps. |  | 2,256,892 |
Long-term borrowings |  |  | 5,196,240 |  |  |  | (3,874,339 | ) |  |  | — |  |  |  | 5,372,783 |  |  |  | (306,934 | ) |  |  | (154,892 | ) |  |  | — |  |  |  | — |  |  |  | 6,232,858 |
Debt securities |  |  | 18,700,000 |  |  |  | — |  |  |  | 7,757,588 |  |  |  | — |  |  |  | — |  |  |  | (602,000 | ) |  |  | — |  |  |  | — |  |  |  | 25,855,588 |
Derivative financial instruments (Note 15) |  |  | (18,324 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,756 | ) |  |  | (216,412 | ) |  |  | (241,492 | )
Total | Ps. |  | 27,842,584 |  | Ps. |  | (7,839,007 | ) | Ps. |  | 7,757,588 |  | Ps. |  | 6,872,783 |  | Ps. |  | (306,934 | ) | Ps. |  | — |  | Ps. |  | (6,756 | ) | Ps. |  | (216,412 | ) | Ps. |  | 34,103,846 |

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