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Leases Obligations
12 Months Ended
Dec. 31, 2023
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 2023 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, 2023 were as follows:

 

 

Future minimum
lease payments

 

 

Interest

 

 

Present value
of minimum
lease payments

 

Less than one year

 

Ps.

 

16,878

 

 

 Ps.

 

(3,695

)

 

 Ps.

 

13,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than two years

 

Ps.

 

21,523

 

 

 Ps.

 

(2,166

)

 

 Ps.

 

19,357

 

Less than three years

 

 

 

20,693

 

 

 

 

(542

)

 

 

 

20,151

 

Less than four years

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Liabilities for assets in lease long term

 

 

 

42,216

 

 

 

 

2,708

 

 

 

 

39,508

 

Total liabilities for leased assets

 

Ps.

 

59,094

 

 

 Ps.

 

(6,403

)

 

 Ps.

 

52,691

 

 

As of December 31, 2021, 2022 and 2023 the Company recognized Ps.12,467, Ps.16,098 and Ps.17,517, 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 8.23%, 9.38% and 10.36% during the years 2021, 2022 and 2023, respectively. As of December 31, 2021, 2022 and 2023 was recognized Ps.2,598, Ps.5,391 and Ps.4,805, respectively, due interest on the liability for lease in the consolidated statement of profit or loss and other comprehensive income.