XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Long-term debt:
 12 Months Ended
Dec. 31, 2018
Borrowings [abstract]  
Disclosure of borrowings [text block]
Note 12 – Long-term debt:
 
As a result of including Aerostar in the consolidation, as from May 31, 2017, the following long-term debt is recorded.
 
As of May 31, 2017, Aerostar consolidates as a subsidiary in the Company by increasing its shareholding from 50% to 60%, and thus obtaining control.
 
To finance a portion of the agreement payment to the Puerto Rico Authority, and certain other costs and expenditures associated with it, Aerostar into a Note Purchase Agreement in March 22, 2013, where Aerostar authorized the issue of subordinated bonds and sale of an aggregate principal of Ps4,471 million mexican pesos (USD350 million) of its 5.75% senior secured notes due on March 22, 2035.
 
Performance
 
 
2.39
%
Spread credit (bps)
 
 
+336
 
Coupon
 
 
5.75
%
 
On June 24, 2015, Aerostar signed an agreement for private placement of bonds in the amount of Ps737 million pesos (USD50 million), maturing on March 22, 2035, based on the following conditions:
 
Performance
 
 
6.75
%
 
At December 31, 2017 and 2018, the integration of the debt is shown as follows:
 
 
 
Credit line
 
 
Interest
 
 
Credit line
 
 
Interest
 
 
Term
 
 
Fair
 
2017
 
used in USD
 
 
in USD
 
 
in pesos
 
 
in pesos
 
 
Short
 
 
Long
 
 
value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan
 
USD
400,000
 
 
USD
6,444
 
 
Ps
7,489,465
 
 
Ps
126,712
 
 
Ps
340,288
 
 
Ps
7,149,177
 
 
Ps
6,766,798
 
 
 
 
Credit line
 
 
Interest
 
 
Credit line
 
 
Interest
 
 
Term
 
 
Fair
 
2018
 
used in USD
 
 
in USD
 
 
in pesos
 
 
in pesos
 
 
Short
 
 
Long
 
 
value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan
 
USD
400,000
 
 
USD
9,831
 
 
Ps
7,333,536
 
 
Ps
(51,268)
 
 
Ps
324,590
 
 
Ps
6,957,678
 
 
Ps
7,509,065
 
 
Inputs:
 
2017:
 
Corporate risk through Yield to Maturity of comparable bonds of the “Transportations and Logistics” sector.
Level 2 of fair value hierarchy.
 
Level 2 of fair value hierarchy.
 
2018:
 
Corporate risk through Yield to Maturity of comparable bonds of the “Transportations and Logistics” sector at December 31, 2018.
 
Methodology:
 
The following methodology was used to determine fair value in the terms of IFRS 13: the valuation technique used is one recognized in the financial environment (estimated future cash flows discounted at their present value) using market information available at the valuation date.