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Income tax incurred and deferred: (Tables)
 12 Months Ended
Dec. 31, 2020
Income tax incurred and deferred:  
Schedule of IT provision - Mexico

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

    

2018

    

2019

    

2020

Mexico:

 

 

 

 

 

 

 

 

 

Current IT

 

Ps.

1,766,083

 

Ps.

1,864,384

 

Ps.

631,471

Deferred IT

 

 

13,116

 

 

57,023

 

 

117,924

IT provision Mexico

 

Ps.

1,779,199

 

Ps.

1,921,407

 

Ps.

749,395

Aerostar:

 

 

  

 

 

  

 

 

  

Current Income Tax

 

 

  

 

 

433

 

 

(16)

Deferred Income Tax

 

 

33,879

 

 

38,146

 

 

42,546

IT provision Aerostar

 

Ps.

33,879

 

Ps.

38,579

 

Ps.

42,530

Airplan:

 

 

 

 

 

 

 

 

 

Current IT

 

 

(20,098)

 

 

110,910

 

 

2,916

Deferred IT

 

 

2,981

 

 

(92,794)

 

 

(65,686)

IT provision Airplan

 

Ps.

(17,117)

 

Ps.

18,116

 

Ps.

(62,770)

Total IT provision

 

Ps.

1,795,961

 

Ps.

1,978,102

 

Ps.

729,155

 

Schedule of reconciliation between statutory and effective income tax rates

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2018

    

2019

    

2020

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated income before provision for IT

 

Ps.

6,916,699

 

Ps.

7,661,741

 

Ps.

2,855,692

 

Plus (less):

 

 

  

 

 

 

 

 

 

 

Net (loss) income before taxes of Airplan and Aerostar

 

 

(297,179)

 

 

(843,352)

 

 

(65,672)

 

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

 

 

(89,685)

 

 

(100,793)

 

 

4,337

 

Income before provisions for income taxes

 

 

6,529,835

 

 

6,717,596

 

 

2,794,357

 

Statutory IT rate

 

 

30

%

 

30

%

 

30

%

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

 

 

1,958,951

 

 

2,015,279

 

 

838,307

 

Non-deductible items and other permanent differences

 

 

15,126

 

 

11,941

 

 

10,496

 

Annual adjustment for tax inflation

 

 

12,101

 

 

(12,783)

 

 

(18,958)

 

Accounting disconnect inflation

 

 

(189,237)

 

 

(93,030)

 

 

(80,450)

 

Effect by difference in rate of IT Aerostar 

 

 

33,879

 

 

38,579

 

 

42,530

 

Effect by difference in rate of IT Airplan

 

 

(17,117)

 

 

18,116

 

 

(62,770)

 

Other non-taxable earnings

 

 

(17,742)

 

 

 —

 

 

 —

 

IT provision

 

Ps.

1,795,961

 

Ps.

1,978,102

 

Ps.

729,155

 

Effective IT rate

 

 

28

%

 

29

%

 

26

%

 

Schedule of principal temporary differences with respect to deferred tax

 

 

 

 

 

 

 

 

 

Period ended on

 

 

December 31, 

 

    

2019

    

2020

 

 

 

 

 

 

 

 

 

 

  

 

 

  

Deferred income tax asset:

 

 

  

 

 

  

Temporary liabilities

 

Ps.

48,079

 

Ps.

31,019

Fair value of long-term debt

 

 

175,137

 

 

162,574

Allowance for doubtful accounts

 

 

34,296

 

 

66,609

 

 

 

257,512

 

 

260,202

Deferred income tax payable:

 

 

  

 

 

 

Fixed and intangible assets (*)

 

 

(2,974,108)

 

 

(3,198,632)

Temporary assets

 

 

(287,172)

 

 

(226,106)

Amortization of expenses

 

 

(816)

 

 

(609)

 

 

 

(3,262,096)

 

 

(3,425,347)

Deferred income tax liability - Net

 

Ps.

(3,004,584)

 

Ps.

(3,165,145)

 

(*)Includes Ps.942,519 and Ps.1,032,799 from Aerostar from the periods 2019 and 2020, and Ps.695,212 and  Ps.647,571 from Airplan in 2019 and 2020.

Schedule of net movements of the deferred tax asset and liability

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Impairment

    

    

    

    

    

    

    

    

    

    

    

    

 

 

provision

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

of loan

 

Concession

 

Currency

 

 

 

 

 

 

 

 

portfolio

 

Assets

 

Conversion

 

Others

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances as of December 31, 2018

 

Ps.

(36,874)

 

Ps.

3,079,749

 

Ps.

60,008

 

Ps.

(21,215)

 

Ps.

3,081,668

Revaluation effect by conversion 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

 

 

(34,296)

 

 

3,016,922

 

 

(42,814)

 

 

64,772

 

 

3,004,584

IFRS 16 adoption adjustment Conversion revaluation effect Airplan and Aerostar

 

 

 —

 

 

 —

 

 

141,236

 

 

(75,456)

 

 

65,777

Consolidated income statement:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Airplan

 

 

(11,390)

 

 

(73,994)

 

 

(461)

 

 

20,159

 

 

(65,686)

Aerostar

 

 

 

 

 

43,767

 

 

(1,221)

 

 

 —

 

 

42,546

México

 

 

(20,923)

 

 

115,197

 

 

 —

 

 

23,650

 

 

117,924

 

 

 

(32,313)

 

 

84,970

 

 

(1,682)

 

 

43,809

 

 

94,784

Balances as of December 31, 2020

 

Ps.

(66,609)

 

Ps.

3,101,892

 

Ps.

96,740

 

Ps.

33,125

 

Ps.

3,165,145

 

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

 

 

10,600

 

2028

2019

 

 

1,975

 

2029

2020

 

 

30,725

 

2030

Total

 

Ps.

191,699

 

  

 

Schedule of Temporal differences not recognized

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2019

 

2020

 

Undistributed utilities

    

Ps.

3,424,951

 

Ps.

3,200,543

 

Tax rate

 

 

30

%

 

30

%

Deferred income tax liabilities unrecognized with the previous temporary differences

 

Ps.

1,027,485

 

Ps.

960,163