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Leases Obligations
12 Months Ended
Dec. 31, 2022
Disclosure Of Leases Obligations [Abstract]  
Leases Obligations
14.
Leases Obligations

 

a.
Lease contracts

 

The Company leased space for its corporate offices and the lease of utility vehicles and operating vehicles, under a lease agreement. The average lease term is from 1 to 3 years in 2022 and there are options to buy the operating vehicles for a nominal amount at the end of the terms of the lease.

 

The obligations of the Company stem from financial leases that are guaranteed by the title of the lessors to the leased assets.

 

b. Future minimum lease payment

 

The amount of future minimum lease payments as of December 31, 2022 were as follows:

 

 

Future minimum
lease payments

 

 

Interest

 

 

Present value
of minimum
lease payments

 

Less than one year

 

Ps.

 

19,931

 

 

 Ps.

 

(4,513

)

 

 Ps.

 

15,418

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than two years

 

Ps.

 

18,880

 

 

 Ps.

 

(3,240

)

 

 Ps.

 

15,640

 

Less than three years

 

 

 

18,880

 

 

 

 

(1,901

)

 

 

 

16,979

 

Less than four years

 

 

 

14,064

 

 

 

 

(476

)

 

 

 

13,588

 

Liabilities for assets in lease long term

 

 

 

51,824

 

 

 

 

(5,617

)

 

 

 

46,207

 

Total liabilities for leased assets

 

Ps.

 

71,755

 

 

 Ps.

 

(10,130

)

 

 Ps.

 

61,625

 

 

As of December 31, 2020, 2021 and 2022 the Company recognized Ps.12,977, Ps.12,467and Ps.16,098, respectively for the amortization of assets for the rights of use.

The interest rates that underlie all obligations under lease agreements are fixed by an average discount interest of 7.95%, 8.23% and 9.38% during the years 2020, 2021 and 2022, respectively. As of December 31, 2020, 2021 and 2022 was recognized Ps.2,582, Ps.2,598 and Ps.5,391, respectively, due interest on the liability for lease in the consolidated statement of income and other comprehensive income.