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Investment in joint ventures accounted for under the equity method: | 12 Months Ended
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Dec. 31, 2018
Disclosure of joint ventures [abstract] |
Disclosure of joint ventures [text block] | Note 9 - Investment in joint ventures accounted for under the equity method: In 2013, the Company participated in a bidding process through its subsidiary, Aeropuerto de Cancún, S. A. de C. V. (Cancún) for a long-term lease agreement to operate and administer the LMM Airport located in San Juan, Puerto Rico. The investment between Highstar Capital IV (Highstar) and Cancún Aiport, created Aerostar Airport Holdings, LLC (Aerostar). It was determined that operations of Aerostar constitute a Joint Venture. Aerostar signed a 40-year lease agreement to operate the LMM Airport. As part of the bidding terms, Aerostar made an initial payment of USD615 million (Ps7,846 million pesos approximately) to the Puerto Rico authorities. A portion of that payment was funded by a private placement of bonds by Aerostar in the amount of USD350 million (Ps4,471 million pesos approximately) in the same year of acquisition of the concession. Nature of the investment Aerostar is a limited liability company incorporated under the laws of Puerto Rico. It is mainly engaged in operating the facilities of the LMM Airport. Aeropuerto de Cancún, S. A. de C. V. holds 60% in the ownership interest of Aerostar (50% until May 30, 2017) and the Public Sector Pension Investment Board “PSP Investments” own the other 40% (until May 26, 2017 owned by Highstar Capital IV in 50%). See Note 1. Passenger Facility Charges (PFC) : The United States Congress of North America approved the “Aviation Safety and Capacity Expansion Act.” In which it authorizes United States airports to impose a Passenger Facility Charge (PFC). PFC can be used for airport projects that meet at least one of the following criteria: preserve or improve the security, protection or capacity of the national air transport system; reduce noise or mitigate noise resulting from an airport; or provide opportunities for increased competition between airlines. PFC revenues and accrued interest are restricted for use in capital projects approved by the FAA and are classified as restricted cash. See Note 5.1. For the period from June 1 to December 31, 2017, and the year ended December 31, 2018, revenues collected by PFC were Ps191,356 and Ps329,532, respectively. As of June 1, 2017, Aerostar consolidates its shareholding as a subsidiary in the Company, increasing its shareholding from 50% to 60%, for which the recognition as a joint venture is until May 26, 2017. CONDENSED STATEMENT OF FINANCIAL POSITION
|  | December 31, |  |  | May 26, |
|  | 2016 |  |  | 2017 |
Cash and cash equivalents |  | Ps | 719,254 |  |  | Ps | 543,242 |
Restricted cash and cash equivalents |  |  | 21,044 |  |  |  | 16,989 |
Other current assets |  |  | 201,992 |  |  |  | 142,410 |
Current assets |  |  | 942,290 |  |  |  | 702,641 |
Financial liabilities |  |  | (92,367 | ) |  |  |  |
Other current liabilities |  |  | (615,709 | ) |  |  | (647,896 | )
Current liabilities |  |  | (708,076 | ) |  |  | (647,896 | )
Working capital |  |  | 234,214 |  |  |  | 54,745 |
Land, furniture and equipment |  |  | 152,758 |  |  |  | 135,373 |
Intangible assets, airport concessions - Net |  |  | 14,661,436 |  |  |  | 13,254,582 |
Other non-current assets |  |  | 571 |  |  |  | 556 |
Non-current assets |  |  | 14,814,765 |  |  |  | 13,390,511 |
Long-term debt |  |  | (7,693,682 | ) |  |  | (6,824,310 | )
Loan payable to the Company |  |  | (1,886,546 | ) |  |  | (1,430,310 | )
Other non-current liabilities |  |  | (265,040 | ) |  |  | (286,325 | )
Deferred taxes – Net |  |  | (225,107 | ) |  |  | (203,502 | )
Non-current liabilities |  |  | (10,070,375 | ) |  |  | (8,744,447 | )
Stockholders’ equity |  | Ps | 4,978,604 |  |  | Ps | 4,700,809 |
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
|  | For the |  |  | Period from |
|  | year ended |  |  | January 1, |
|  | December 31, |  |  | to May 26, |
|  | 2016 |  |  | 2017 |
Total revenue |  | Ps | 2,526,371 |  |  | Ps | 1,170,888 |
Operating costs and expenses |  |  | (1,650,890 | ) |  |  | (694,435 | )
Comprehensive financing loss - Net |  |  | (535,053 | ) |  |  | (229,789 | )
Deferred income taxes |  |  | (51,931 | ) |  |  | (21,974 | )
Net income for the period |  |  | 288,497 |  |  |  | 224,690 |
Effect for foreign currency conversion |  |  | 800,692 |  |  |  | (475,233 | )
Comprehensive income (loss) |  | Ps | 1,089,189 |  |  | Ps | (250,543 | )
Reconciliation of condensed financial information
|  | December 31 , |  |  | May 26, |
|  | 2016 |  |  | 2017 |
Initial capital contribution to Aerostar |  | Ps | 3,016,003 |  |  | Ps | 3,016,003 |
Accumulated (deficit) earnings |  |  | (112,162 | ) |  |  | 176,335 |
Net income for the period |  |  | 288,497 |  |  |  | 224,690 |
Other accumulated comprehensive income |  |  | 985,574 |  |  |  | 1,786,266 |
Other comprehensive income (loss) |  |  | 800,692 |  |  |  | (502,485 | )
Net assets at period closing |  |  | 4,978,604 |  |  |  | 4,700,809 |
Equity percentage in joint business |  |  | 50 | % |  |  | 50 | %
Carrying value |  | Ps | 2,489,302 |  |  | Ps | 2,350,405 |
|  |  |  |  | From January 1 st |
|  | December 31, |  |  | to May 26, |
|  | 2016 |  |  | 2017 |
Net income for the period |  | Ps | 288,497 |  |  | Ps | 224,690 |
Equity percentage in joint venture |  |  | 50 | % |  |  | 50 | %
Equity method income |  | Ps | 144,248 |  |  | Ps | 112,345 |

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