Non-controlling interest (NCI)

12 Months Ended

Dec. 31, 2022

Non-controlling Interests [Abstract]

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 March 13, 2022, 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.449,803 an exchange rate of Ps.20.1254) and to Vantage USD$7.65 million (Ps.153,959 an exchange rate Ps.20.1254) and were paid on June 7, 2022.

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


	2020			2021			2022
NCI percentage	25.5%			25.5%			25.5%
Non-current assets	Ps.	6,118,680		Ps.	6,026,384		Ps.	5,836,193
Current assets		1,134,440			1,489,451			1,689,382
Non-current liabilities		(2,867,469	)		(2,724,344	)		(2,377,104	)
Current liabilities		(228,897	)		(320,041	)		(485,025	)
Net assets		4,156,754			4,471,450			4,663,446
Net assets attributable to NCI	Ps.	1,059,972		Ps.	1,140,220		Ps.	1,189,179


	2020			2021			2022
Revenues	Ps.	1,161,805		Ps.	1,551,800		Ps.	2,493,000
Profit / (loss)		(196,677	)		181,274			675,792
OCI		368,848			(85,286	)		(405,354	)
Total comprehensive income		172,171			95,988			270,438
Profit / (loss) allocated to NCI		(50,153	)		46,225			172,327
OCI allocated to NCI	Ps.	68,854		Ps.	34,023		Ps.	(29,617	)


	2020			2021			2022
Net cash provided by operating activities		(38,123	)		586,284			788,265
Net cash provided by investment activities		(245,271	)		(208,497	)		(204,114	)
Net cash used in financing activities		944,221			(107,872	)		(234,336	)
Net increase (decrease) in cash and cash equivalents	Ps.	660,827		Ps.	34,023		Ps.	349,815