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OTHER LIABILITIES - NON CURRENT AND CURRENT | 12 Months Ended
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Dec. 31, 2021
Disclosure of other liabilities [Abstract] |
OTHER LIABILITIES - NON CURRENT AND CURRENT | OTHER LIABILITIES – NON CURRENT AND CURRENT
|  | As of December 31,
|  | 2021 |  | 2020
(i) Other liabilities - Non current |  |  |  |
Post-employment benefits |  | 390,942 |  |  | 432,648 |
Other employee benefits |  | 74,787 |  |  | 52,647 |
Asset retirement obligation (note 18) (1) |  | 32,098 |  |  | 41,673 |
Other |  | 9,059 |  |  | 24,888 |
Other liabilities – Non-current |  | 506,886 |  |  | 551,856 |
(1) The asset in connection with this liability is included in Property, plant and equipment. Post-employment benefits The amounts recognized in the consolidated statement of financial position are determined as follows:
|  | Post-employment benefits
|  | As of December 31,
|  | 2021 |  | 2020
Present value of unfunded obligations |  | 390,942 |  |  | 432,648 |
Liability in the statement of financial position |  | 390,942 |  |  | 432,648 |
The amounts recognized in the consolidated income statement are as follows:
|  | Post-employment benefits
|  | Year ended December 31,
|  | 2021 |  | 2020
Current service cost |  | 13,624 |  |  | 9,954 |
Interest cost |  | 29,663 |  |  | 26,139 |
Total included in labor costs |  | 43,287 |  |  | 36,093 |
Changes in the liability recognized in the consolidated statement of financial position are as follows:
|  | Post-employment benefits
|  | As of December 31,
|  | 2021 |  | 2020
At the beginning of the year |  | 432,648 |  |  | 405,935 |
Transfers, new participants and funding of the plan |  | 1,255 |  |  | (2) |
Total expense |  | 43,287 |  |  | 36,093 |
Remeasurements |  | (46,777) |  |  | 36,907 |
Effect of changes in demographic assumptions |  | 710 |  |  | (545) |
Effect of changes in financial assumptions |  | (82,243) |  |  | 30,830 |
Effect of experience adjustments |  | 34,756 |  |  | 6,622 |
Translation differences |  | (11,720) |  |  | (21,722) |
Contributions paid |  | (27,751) |  |  | (24,563) |
At the end of the year |  | 390,942 |  |  | 432,648 |
20. OTHER LIABILITIES – NON CURRENT AND CURRENT (continued) The principal actuarial assumptions used were as follows:
|  | Year ended December 31,
Mexico |  | 2021 |  | 2020
Discount rate |  | 8.00% |  | 6.50%
Compensation growth rate |  | 6.00% - 7.00% |  | 6.00% - 7.00%
|  | Year ended December 31,
Argentina |  | 2021 |  | 2020
Discount rate |  | 6.00% - 7.00% |  | 6.00% - 7.00%
Compensation growth rate |  | 2.00% - 3.00% |  | 2.00% - 3.00%
The sensitivity of the defined benefit obligation to changes in the weighted principal assumptions is as follows:
|  | Impact on defined benefit obligation
|  | Change in assumption |  | Increase in assumption |  | Decrease in assumption
Discount rate |  | 1.00 | % |  | -8.8 | % |  | 10.5 | %
Compensation growth rate |  | 1.00 | % |  | 2.5 | % |  | -1.9 | %
Pension growth rate |  | 1.00 | % |  | -1.1 | % |  | 1.3 | %
Life expectancy |  | 1 year |  | -2.6 | % |  | 2.7 | %
The estimated future payments for the next five years will be between $27.9 million and $37.6 million per year.
|  | As of December 31,
|  | 2021 |  | 2020
(ii) Other liabilities - Current |  |  |  |
Payroll and social security payable |  | 161,303 |  |  | 113,117 |
VAT liabilities |  | 107,453 |  |  | 70,226 |
Other tax liabilities |  | 53,378 |  |  | 41,738 |
Termination benefits |  | 787 |  |  | 400 |
Related Parties (Note 25) |  | 28 |  |  | 2,004 |
Asset retirement obligation (Note 18) |  | 3,610 |  |  | 4,515 |
Others |  | 18,564 |  |  | 17,836 |
Other liabilities – Current |  | 345,123 |  |  | 249,836 |

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