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Income taxes (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Income Taxes [Abstract]

Summary of Balances of Recoverable Taxes

The balances of recoverable taxes are comprised as follows:


	December 31, 2021		December 31, 2022		December 31, 2023
Recoverable taxes:
ISR	Ps.	590,116	Ps.	69,326	Ps.	645,868
IVA		463,539		516,114		482,353
Withholding taxes		176,542		31,955		20,513
IMPAC		24,338		23,781		1,203
Corporation taxes		-		11,515		96,547
Other		13,108		5,430		6,533
	Ps.	1,267,643	Ps.	658,121	Ps.	1,253,017

Summary of Income Tax Expense (Benefit)

Income Tax – Income tax expense (benefit) for the years ended December 31, 2021, 2022 and 2023 consists of the following:


	2021			2022			2023
ISR:
Current	Ps.	2,315,686		Ps.	3,849,778		Ps.	3,616,811
Deferred		(530,140	)		(759,566	)		(544,721	)
	Ps.	1,785,546		Ps.	3,090,212		Ps.	3,072,090

Schedule of Effective Tax Rate

Effective tax rate – The reconciliation of the statutory income tax rate and the actual effective income tax rate as a percentage of income before income taxes for the years ended December 31, 2021, 2022 and 2023 is shown below:


	%	2021		%		2022	%	2023
'Income before income taxes		Ps.	7,829,263		Ps.	12,275,686		Ps.	12,761,690
Income tax by applying the weighted average statutory rate (1)	30.0%		2,348,779	30.0%		3,682,706	28.3%		3,615,812
Effects of inflation over monetary assets	(6.0)%		(469,823)	(4.5)%		(547,859)	(3.6)%		(454,352)
(Unrecognized) applied tax loss carryforwards	(1.1)%		(89,782)	((0.0)%		(6,105)	(0.2)%		(28,028)
Employee benefits	0.2%		14,949	(0.1%)		(9,553)	(0.1%)		(17,939)
Other	(0.3)%		(18,577)	(0.2)%		(28,977)	(0.3)%		(43,403)
Effective tax rate	22.8%	Ps.	1,785,546	25.2%	Ps.	3,090,212	24.1%	Ps.	3,072,090

(1)

The tax rate used for the 2021, 2022 and 2023 previous reconciliations above is the average corporate tax rate, respectively payable by corporate entities in Mexico, Jamaica and Spain on taxable profits in accordance with tax laws in these jurisdictions.

Schedule of Net Deferred Income Tax Assets and Net Deferred Income Tax Liability

The net assets for deferred taxes belong to Mexico subsidiaries:




	December 31, 2021			December 31, 2022			December 31, 2023
Deferred ISR asset (liability):
Expected credit loss	Ps.	30,238		Ps.	40,449		Ps.	37,063
Machinery and equipment		75,671			122,854			139,178
Improvements to concession assets		834,813			1,037,511			1,293,468
Airport concessions and rights to use airport facilities		5,046,004			5,432,747			5,588,605
Other acquired rights		161,316			176,967			183,100
Derivative financial instruments		(5,160	)		(87,067	)		(50,231	)
Other assets		459			492			622
Tax loss carryforwards		6,104			-			28,028
Employee benefits		56,313			66,073			81,562
Accruals		25,128			20,142			36,418
Net deferred income tax asset	Ps.	6,230,886		Ps.	6,810,168		Ps.	7,337,813

The net deferred income tax liability corresponds to the subsidiaries in Jamaica:


	December 31, 2021			December 31, 2022			December 31, 2023
Deferred tax (liability) asset:
Trade receivables	Ps.	(1,204	)	Ps.	-		Ps.	4,863
Machinery, equipment and improvements on leased assets		(27,644	)		(3,161	)		25,309
Improvements to concession assets		(1,702	)		(1,461	)		(1,089	)
Airport concessions		(618,567	)		(528,757	)		(394,725	)
Accruals		42,485			44,575			30,468
Deferred tax liability	Ps.	(606,632	)	Ps.	(488,804	)	Ps.	(335,174	)

Schedule of Unrecognized Deferred Income Tax Assets

Unrecognized deferred income tax assets – Unrecognized deferred income tax assets in the consolidated statement of financial position are comprised of the following items of the Mexican Companies:


	December 31, 2021		December 31, 2022		December 31, 2023
Tax loss carryforwards	Ps.	350,611	Ps.	392,549	Ps.	431,934
Deductible tax temporary difference		118,653		132,089		138,326
	Ps.	469,264	Ps.	524,638	Ps.	570,260

Summary of Deferred Income Tax from Tax Loss Carryforwards

Deferred income tax from tax loss carryforwards – The Company generated tax loss carryforwards in the airport of Los Mochis, Manzanillo and IEM. With respect to tax legislation relating to concessions, such losses will expire in 2048, except for IEM, whose losses were originated in 2014 and remains until 2024 for their application. Tax losses that can be recovered based on management’s financial projections are recognized as part of the deferred tax asset.


	December 31, 2021			December 31, 2022			December 31, 2023
Tax loss carryforwards	Ps.	1,189,051		Ps.	1,308,497		Ps.	1,579,920
Unrecognized tax loss carryforwards		(1,168,702	)		(1,308,497	)		(1,439,780	)
Recognized tax loss carryforwards	Ps.	20,349		Ps.	-		Ps.	140,140

Summary of Reconciliation of Changes in Deferred Tax Assets


	Balance as of January 1, 2021		Effects of profit and loss			Other comprehensive income			Balance as of December 31, 2021
Temporary differences for the deferred tax asset:
Expected credit loss	Ps.	29,478	Ps.	760		Ps.	—		Ps.	30,238
Machinery, equipment and improvements on leased assets		56,298		19,373			—			75,671
Improvements to concession assets		657,472		177,341			—			834,813
Airport concessions and rights to use airport facilities		4,691,382		354,622			—			5,046,004
Other acquired rights		146,980		14,336			—			161,316
Derivative financial instruments		225,548		(16,094	)		(214,614	)		(5,160	)
Other assets		315		144			—			459
Tax loss carryforwards		95,886		(89,782	)		—			6,104
Employee benefits		41,447		15,708			(842	)		56,313
Accruals		21,557		3,571			—			25,128
Total deferred tax asset	Ps.	5,966,363	Ps.	479,979		Ps.	(215,456	)	Ps.	6,230,886


	Balance as of January 1, 2022			Effects of profit and loss			Other comprehensive income			Balance as of December 31, 2022
Temporary differences for the deferred tax asset:
Expected credit loss	Ps.	30,238		Ps.	10,211		Ps.	—		Ps.	40,449
Machinery, equipment and improvements on leased assets		75,671			47,183			—			122,854
Improvements to concession assets		834,813			202,698			—			1,037,511
Airport concessions and rights to use airport facilities		5,046,004			386,743			—			5,432,747
Other acquired rights		161,316			15,651			—			176,967
Derivative financial instruments		(5,160	)		(38,636	)		(43,271	)		(87,067	)
Other assets		459			33			—			492
Tax loss carryforwards		6,104			(6,104	)		—			-
Employee benefits		56,313			10,602			(842	)		66,073
Accruals		25,128			(4,986	)		—			20,142
Total deferred tax asset	Ps.	6,230,886		Ps.	623,395		Ps.	(44,113	)	Ps.	6,810,168


	Balance as of January 1, 2023			Effects of profit and loss			Other comprehensive income			Balance as of December 31, 2023
Temporary differences for the deferred tax asset:
Expected credit loss	Ps.	40,449		Ps.	(3,386	)	Ps.	—		Ps.	37,063
Machinery, equipment and improvements on leased assets		122,854			16,324			—			139,178
Improvements to concession assets		1,037,511			255,957			—			1,293,468
Airport concessions and rights to use airport facilities		5,432,747			155,858			—			5,588,605
Other acquired rights		176,967			6,133			—			183,100
Derivative financial instruments		(87,067	)		6,876			29,959			(50,232	)
Other assets		492			130			—			622
Tax loss carryforwards		-			28,028			—			28,028
Employee benefits		66,073			16,088			(599	)		81,562
Accruals		20,142			16,277			—			36,419
Total deferred tax asset	Ps.	6,810,168		Ps.	498,285		Ps.	29,360		Ps.	7,337,813

Summary of Reconciliation of Changes in Deferred Tax Liabilities


	Balance as of January 1, 2021			Effects of profit and loss			Other comprehensive income			Balance as of December 31, 2021
Temporary differences for the deferred tax liability:
Trade accounts receivable	Ps.	(881	)	Ps.	4,818		Ps.	(5,141	)	Ps.	(1,204	)
Machinery, equipment and improvements on leased assets		(75,262	)		23,925			23,693			(27,644	)
Improvements to concession assets		(1,731	)		102			(73	)		(1,702	)
Airport concessions		(590,401	)		48,921			(77,087	)		(618,567	)
Accruals		12,796			(27,603	)		57,295			42,485
Total deferred tax liability	Ps.	(655,479	)	Ps.	50,163		Ps.	(1,313	)	Ps.	(606,632	)


	Balance as of January 1, 2022		Effects of profit and loss		Other comprehensive income		Balance as of December 31, 2022
Temporary differences for the deferred tax liability:
Trade accounts receivable	Ps.	(1,204)	Ps.	2,935	Ps.	(1,731)	Ps.	-
Machinery, equipment and improvements on leased assets		(27,644)		83,377		(58,894)		(3,161)
Improvements to concession assets		(1,702)		101		140		(1,461)
Airport concessions		(618,567)		48,546		41,264		(528,757)
Accruals		42,485		1,212		878		44,575
Total deferred tax liability	Ps.	(606,632)	Ps.	136,171	Ps.	(18,343)	Ps.	(488,804)


	Balance as of January 1, 2023			Effects of profit and loss			Other comprehensive income			Balance as of December 31, 2023
Temporary differences for the deferred tax liability:
Trade accounts receivable	Ps.	-		Ps.	4,863		Ps.	-		Ps.	4,863
Machinery, equipment and improvements on leased assets		(3,161	)		1,986			26,484			25,309
Improvements to concession assets		(1,461	)		89			283			(1,089	)
Airport concessions		(528,757	)		42,855			91,177			(394,725	)
Accruals		44,575			(3,357	)		(10,750	)		30,468
Total deferred tax liability	Ps.	(488,804	)	Ps.	46,436		Ps.	107,194		Ps.	(335,174	)