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Income tax incurred and deferred: (Tables)
 12 Months Ended
Dec. 31, 2019
Income tax incurred and deferred:  
Schedule of IT provision - Mexico

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

    

2017

    

2018

    

2019

Mexico:

 

 

 

 

 

 

 

 

 

Current IT

 

Ps.

1,908,646

 

Ps.

1,766,083

 

Ps.

1,864,384

Deferred IT

 

 

(312,091)

 

 

13,116

 

 

57,023

IT provision Mexico

 

Ps.

1,596,555

 

Ps.

1,779,199

 

Ps.

1,921,407

Aerostar:

 

 

  

 

 

  

 

 

  

Current Income Tax

 

 

  

 

 

  

 

 

433

Deferred Income Tax

 

 

28,678

 

 

33,879

 

 

38,146

IT provision Aerostar

 

Ps.

28,678

 

Ps.

33,879

 

Ps.

38,579

Airplan:

 

 

 

 

 

 

 

 

 

Current IT

 

 

19,551

 

 

(20,098)

 

 

110,910

Deferred IT

 

 

(9,337)

 

 

2,981

 

 

(92,794)

IT provision Airplan

 

Ps.

10,214

 

Ps.

(17,117)

 

Ps.

18,116

Total IT provision

 

Ps.

1,635,447

 

Ps.

1,795,961

 

Ps.

1,978,102

 

Schedule of reconciliation between statutory and effective income tax reates

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2017

    

2018

    

2019

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated income before IT and joint venture equity method:

 

Ps.

8,498,889

 

Ps.

6,916,699

 

Ps.

7,661,741

 

Plus (less):

 

 

  

 

 

  

 

 

 

 

Net (loss) income before taxes of Airplan and Aerostar

 

 

16,011

 

 

(297,179)

 

 

(843,352)

 

Net (loss) income before taxes of subsidiaries in Mexico not subject to IT

 

 

(62,327)

 

 

(89,685)

 

 

(100,793)

 

Income before provisions for income taxes

 

 

8,452,573

 

 

6,529,835

 

 

6,717,596

 

Statutory IT rate

 

 

30

%

 

30

%

 

30

%

IT that would result from applying the IT rate to book profit before income taxes

 

 

2,535,772

 

 

1,958,951

 

 

2,015,279

 

Non-deductible items and other permanent differences

 

 

8,693

 

 

15,126

 

 

11,941

 

Gain on business combination

 

 

(2,108,760)

 

 

 

 

 

 —

 

Goodwill impairment

 

 

1,415,729

 

 

 

 

 

 —

 

Annual adjustment for tax inflation

 

 

(2,406)

 

 

12,101

 

 

(12,783)

 

Accounting disconnect inflation

 

 

(249,336)

 

 

(189,237)

 

 

(93,030)

 

Recognition for the year Aerostar (1)

 

 

28,678

 

 

33,879

 

 

38,579

 

Recognition for the year Airplan (1)

 

 

10,214

 

 

(17,117)

 

 

18,116

 

Other non-taxable earnings

 

 

(3,137)

 

 

(17,742)

 

 

 —

 

IT provision

 

Ps.

1,635,447

 

Ps.

1,795,961

 

Ps.

1,978,102

 

Effective IT rate

 

 

19

%

 

28

%

 

29

%

(1)

As of June 1, 2017, Aerostar consolidates into the Company and as of October 19, 2017, Airplan consolidates financially into the Company.
Schedule of principal temporary differences with respect to deferred tax

 

 

 

 

 

 

 

 

 

Period ended on

 

 

December 31, 

 

    

2018

    

2019

 

 

 

 

 

 

 

 

 

 

  

 

 

  

Deferred income tax asset:

 

 

  

 

 

  

Temporary liabilities

 

Ps.

53,121

 

Ps.

48,079

Fair value of long-term debt

 

 

213,617

 

 

175,137

Allowance for doubtful accounts

 

 

36,874

 

 

34,296

 

 

 

303,612

 

 

257,512

Deferred income tax payable:

 

 

  

 

 

  

Fixed and intangible assets (*)

 

 

(3,139,757)

 

 

(2,974,108)

Temporary assets

 

 

(244,502)

 

 

(287,172)

Amortization of expenses

 

 

(1,021)

 

 

(816)

 

 

 

(3,385,280)

 

 

(3,262,096)

Deferred income tax liability, net

 

Ps.

(3,081,668)

 

Ps.

(3,004,584)

(*)Includes Ps.943,256 and Ps.942,519 from Aerostar from the periods 2018 and 2019, and Ps.909,706 and  Ps.695,212 from Airplan in 2018 and 2019.

Schedule of net movements of the deferred tax asset and liabilty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Impairment

    

    

    

    

    

    

    

    

    

    

    

    

 

 

provision

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

of loan

 

Concession

 

Currency

 

 

 

 

 

 

 

 

portfolio

 

Assets

 

Conversion

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances as of  December 31, 2017

 

Ps.

(44,916)

 

Ps.

2,858,318

 

Ps.

42,575

 

 

177,953

 

Ps.

3,033,930

Revaluation effect by conversion Airplan y Aerostar

 

 

  

 

 

 —

 

 

20,427

 

 

(22,665)

 

 

(2,238)

 

 

 

  

 

 

 

 

 

20,427

 

 

(22,665)

 

 

(2,238)

Consolidated income statement

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Airplan

 

 

(2,468)

 

 

178,236

 

 

(1,433)

 

 

(171,354)

 

 

2,981

Aerostar

 

 

 —

 

 

35,440

 

 

(1,561)

 

 

 —

 

 

33,879

México

 

 

10,510

 

 

7,755

 

 

 —

 

 

(5,149)

 

 

13,116

 

 

 

8,042

 

 

221,431

 

 

(2,994)

 

 

(176,503)

 

 

49,976

Balances as of December 31, 2018

 

Ps.

(36,874)

 

Ps.

3,079,749

 

Ps.

60,008

 

Ps.

(21,215)

 

Ps.

3,081,668

IFRS 16 adoption adjustment Conversion revaluation effect Airplan and Aerostar

 

 

 —

 

 

 —

 

 

(102,370)

 

 

22,911

 

 

(79,459)

Consolidated income statement:

 

 

  

 

 

  

 

 

 

 

 

 

 

 

 

Airplan

 

 

2,467

 

 

(161,556)

 

 

(184)

 

 

66,479

 

 

(92,794)

Aerostar

 

 

  

 

 

38,414

 

 

(268)

 

 

  

 

 

38,146

México

 

 

111

 

 

60,315

 

 

  

 

 

(3,403)

 

 

57,023

 

 

 

2,578

 

 

(62,827)

 

 

(452)

 

 

63,076

 

 

2,375

Balances as of December 31,2019

 

Ps.

(34,296)

 

Ps.

3,016,922

 

Ps.

(42,814)

 

Ps.

64,772

 

Ps.

3,004,584

 

Schedule of Aerostar tax loss carryforwards

 

 

 

 

 

 

 

 

 

 

 

Year of

Year of loss

    

Amount

    

expiration

2012

 

Ps.

7,085

 

2022

2013

 

 

37,256

 

2023

2014

 

 

25,545

 

2024

2015

 

 

28,520

 

2025

2016

 

 

27,745

 

2026

2017

 

 

22,248

 

2027

2018

 

 

19,834

 

2028

Total

 

Ps.

168,233

 

  

 

Schedule of Temporal differences not recognized

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2018

 

2019

 

Undistributed utilities

    

Ps.

3,089,012

 

Ps.

3,424,951

 

Tax rate

 

 

30

%

 

30

%

Deferred income tax liabilities unrecognized with the previous temporary differences

 

Ps.

926,704

 

Ps.

1,027,485