XML 61 R44.htm IDEA: XBRL DOCUMENT v3.24.3
Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2023
Employee Benefits [Abstract]  
Schedule of Employee Benefits Liability Employee benefits liability as of December 31, 2023, 2022 and 2021 are comprised as follows:
   Retirement
benefits		   Termination
benefits		   2023   2022   2021 
                     
Vested benefits Obligation  $
-
   $4,431   $4,431   $
-
   $3,390 
Plus, Non-Vested Benefits Obligation   82,267    98,476    180,743    169,375    159,453 
Defined Benefits Obligation   82,267    102,907    185,174    169,375    162,843 
                          
Projected Net Liability  $82,267   $102,907   $185,174   $169,375   $162,843 
Schedule of Net Cost for the Period Booked in Profit and loss Net cost for the period booked in profit and loss is comprised as follows:
   Retirement
benefits		   Termination
benefits		   2023   2022   2021 
                     
Service cost   6,161   $9,045   $15,206   $10,998   $9,299 
Net interest   8,547    10,085    18,632    12,101    11,121 
Labor cost of past services   (5,019)   2,491    (2,528)   (11,244)   1,806 
Net Cost for the period  $9,689   $21,621   $31,310   $11,855   $22,226 
Schedule of Main Actuarial Hypothesis Used in the Actuarial Computations Main actuarial hypothesis used in the actuarial computations are:
   2023   2022   2021 
             
Discount rate   9.05%   9.10%   7.55%
Wage increase rate   5.00%   5.00%   5.00%
Rate of salary increase   4.50%   4.50%   4.50%
Schedule of DBO Amount Recorded in the Balance Sheet The DBO amount recorded in the balance sheet as of December 31, 2023 and 2022 are $ 185,174, and $ 169,375, respectively.
   2023   2022 
         
Defined benefit obligations (DBO) changes in present  $169,375   $162,843 
           
DBO present value at January 1st   169,375    162,843 
Past services labor cost   (2,528)   (11,244)
Current service labor cost   15,206    10,998 
Interest expense   18,632    12,101 
Paid benefits   (22,044)   (9,229)
Actuarial gains and losses in obligations   6,533    3,906 
DBO present value at December 31st  $185,174   $169,375 
Changes in projected net liabilities          
Initial PNL  $169,375   $162,843 
Net cost for the period   31,310    11,855 
Paid benefits   (22,044)   (9,229)
Previous years effect on profit and loss   6,533    3,906 
Final PNL  $185,174   $169,375 
Defined benefits obligations (DBO)  $185,174   $169,375