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Non-controlling interest (NCI)
 12 Months Ended
Dec. 31, 2023
Non-controlling Interests [Abstract]  
Non-controlling interest (NCI)
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 held 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.

 

On September 13, 2023, 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.391,199 an exchange rate of Ps.17.5033) and to Vantage USD$7.65 million (Ps.135,913 an exchange rate Ps.17.5033) and were paid on November 15, 2023.

 

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

 

 

2021

 

 

2022

 

 

2023

 

NCI percentage

 

25.5%

 

 

25.5%

 

 

25.5%

 

Non-current assets

 

Ps.

 

6,026,384

 

 

Ps.

 

5,836,193

 

 

Ps.

 

5,338,641

 

Current assets

 

 

 

1,489,451

 

 

 

 

1,689,382

 

 

 

 

2,282,766

 

Non-current liabilities

 

 

 

(2,724,344

)

 

 

 

(2,377,104

)

 

 

 

(2,336,742

)

Current liabilities

 

 

 

(320,041

)

 

 

 

(485,025

)

 

 

 

(724,416

)

Net assets

 

 

 

4,471,450

 

 

 

 

4,663,446

 

 

 

 

4,560,249

 

Net assets attributable to NCI

 

Ps.

 

1,140,220

 

 

Ps.

 

1,189,179

 

 

Ps.

 

1,162,863

 

 

 

 

2021

 

 

2022

 

 

2023

 

Revenues

 

Ps.

 

1,551,800

 

 

Ps.

 

2,493,000

 

 

Ps.

 

2,811,173

 

Profit / (loss)

 

 

 

181,274

 

 

 

 

675,792

 

 

 

 

575,248

 

OCI

 

 

 

(85,286

)

 

 

 

(405,354

)

 

 

 

(629,243

)

Total comprehensive income

 

 

 

95,988

 

 

 

 

270,438

 

 

 

 

(53,995

)

Profit / (loss) allocated to NCI

 

 

 

46,225

 

 

 

 

172,327

 

 

 

 

146,688

 

OCI allocated to NCI

 

Ps.

 

34,023

 

 

Ps.

 

(29,617

)

 

Ps.

 

(77,868

)

 

 

 

 

2021

 

 

2022

 

 

2023

 

Net cash provided by operating activities

 

 

 

586,284

 

 

 

 

788,265

 

 

 

 

1,211,479

 

Net cash provided by investment activities

 

 

 

(208,497

)

 

 

 

(204,114

)

 

 

 

(330,259

)

Net cash used in financing activities

 

 

 

(107,811

)

 

 

 

(234,336

)

 

 

 

144,613

 

Net increase (decrease) in cash and cash equivalents

 

Ps.

 

269,976

 

 

Ps.

 

349,815

 

 

Ps.

 

1,025,833