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v3.21.1

Borrowings and debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Borrowings and debt |
Schedule of borrowings and debt | Borrowings and debt are detailed as follows:
|  | December 31, 2020
|  | Short-Term |  | Long-term |  |
Carrying amount |  | Borrowings |  | Debt |  | Lease Liabilities |  | Borrowings |  | Debt |  | Lease Liabilities |  | Total
Principal |  | 331,585 |  | 49,350 |  | 1,244 |  | 477,010 |  | 1,116,033 |  | 17,555 |  | 1,992,777
Prepaid commissions |  | — |  | — |  | — |  | (1,158) |  | (6,549) |  | — |  | (7,707)
|  | 331,585 |  | 49,350 |  | 1,244 |  | 475,852 |  | 1,109,484 |  | 17,555 |  | 1,985,070
|  | December 31, 2019
|  | Short-Term |  | Long-term |  |
Carrying amount |  | Borrowings |  | Debt |  | Lease Liabilities |  | Borrowings |  | Debt |  | Lease Liabilities |  | Total
Principal |  | 1,573,663 |  | 22,000 |  | 1,145 |  | 723,419 |  | 802,676 |  | 18,769 |  | 3,141,672
Prepaid commissions |  | — |  | — |  | — |  | (1,456) |  | (1,906) |  | — |  | (3,362)
|  | 1,573,663 |  | 22,000 |  | 1,145 |  | 721,963 |  | 800,770 |  | 18,769 |  | 3,138,310
Schedule of breakdown of short-term (original maturity of less than one year) borrowings and debt, along with contractual interest rates | The breakdown of short-term (original maturity of less than one year, excluding lease liabilities) borrowings and debt, along with contractual interest rates, is as follows:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Short-term borrowings: |  |  |  |
At fixed interest rates |  | 55,000 |  | 607,500
At floating interest rates |  | 276,585 |  | 966,163
Total borrowings |  | 331,585 |  | 1,573,663
Short-term debt: |  |  |  |
At fixed interest rates |  | — |  | 22,000
At floating interest rates |  | 49,350 |  | —
Total debt |  | 49,350 |  | 22,000
Total short-term borrowings and debt |  | 380,935 |  | 1,595,663
Range of fixed interest rates on borrowings and debt in U.S. dollars |  | 0.45% to 1.40% |  | 2.07% to 2.52%
Range of floating interest rates on borrowings in U.S. dollars |  | 0.47% to 1.65% |  | 2.09% to 2.35%
Range of fixed interest rates on borrowings in Mexican pesos |  | 0.00% |  | 8.08%
Range of floating interest rates on borrowings and debt in Mexican pesos |  | 4.97% to 5.05% |  | 7.71% to 8.31%
The outstanding balances of short-term borrowings and debt by currency, are as follows:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Currency |  |  |  |
US dollar |  | 299,957 |  | 1,476,000
Mexican peso |  | 80,978 |  | 119,663
Total |  | 380,935 |  | 1,595,663
Schedule of breakdown of borrowings and long-term debt (original maturity of more than one year), along with contractual interest rates, plus prepaid commissions | The breakdown of borrowings and long-term debt (original maturity of more than one year, excluding lease liabilities), along with contractual interest rates, plus prepaid commissions as of December 31, 2020 and 2019, respectively, are as follows:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Long-term borrowings: |  |  |  |
At fixed interest rates with due dates from April 2021 to May 2022 |  | 68,190 |  | 65,435
At floating interest rates with due dates from June 2021 to August 2023 |  | 408,820 |  | 657,984
Total long-term borrowings |  | 477,010 |  | 723,419
Long-term debt: |  |  |  |
At fixed interest rates with due dates from July 2021 to December 2027 |  | 784,006 |  | 502,880
At floating interest rates with due dates from March 2022 to June 2023 |  | 332,027 |  | 299,796
Total long-term debt |  | 1,116,033 |  | 802,676
Total long-term borrowings and debt |  | 1,593,043 |  | 1,526,095
Less: Prepaid commissions |  | (7,707) |  | (3,362)
Total long-term borrowings and debt, net |  | 1,585,336 |  | 1,522,733
Range of fixed interest rates on borrowings and debt in U.S. dollars |  | 2.04% to 3.05% |  | 2.56% to 3.25%
Range of floating interest rates on borrowings and debt in U.S. dollars |  | 1.16% to 1.85% |  | 2.46% to 3.36%
Range of fixed interest rates on borrowings in Mexican pesos |  | 6.77% to 9.09% |  | 5.73% to 9.09%
Range of floating interest rates on borrowings and debt in Mexican pesos |  | 4.87% to 5.74% |  | 8.14% to 9.13%
Range of fixed interest rates on debt in Japanese yens |  | 0.52% |  | 0.52%
Range of fixed interest rates on debt in Euros |  | 0.9% to 3.75% |  | 3.75%
Range of fixed interest rates on debt in Australian dollars |  | 0.00% |  | 3.33%
The balances of long-term borrowings and debt by currency, excluding prepaid commissions, are as follows:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Currency |  |  |  |
US dollar |  | 910,296 |  | 1,097,611
Mexican peso |  | 509,687 |  | 280,105
Euro |  | 101,469 |  | 59,465
Japanese yen |  | 71,591 |  | 67,831
Australian dollar |  | — |  | 21,083
Total |  | 1,593,043 |  | 1,526,095
Schedule of future payments of long-term borrowings and debt outstanding | Future payments of long-term borrowings and debt outstanding as of December 31, 2020, are as follows (excluding lease liabilities):
Payments |  | Outstanding
2021 |  | 252,045
2022 |  | 525,175
2023 |  | 108,436
2024 |  | 64,757
2025 |  | 618,154
2026 |  | 12,238
2027 |  | 12,238
|  | 1,593,043
Schedule of reconciliation of movements of borrowings and debt arising financing activities explanatory | Reconciliation – Movements of borrowings The following table presents the reconciliation of movements of borrowings and debt arising from financing activities, as presented in the consolidated statements of cash flows:
|  | 2020 |  | 2019 |  | 2018
Balance as of January 1, |  | 3,138,310 |  | 3,518,446 |  | 2,211,567
Net decrease (increase) in short-term borrowings and debt |  | (1,212,023) |  | (428,611) |  | 950,259
Proceeds from long-term borrowings and debt |  | 827,732 |  | 371,536 |  | 609,017
Repayments of long-term borrowings and debt |  | (781,274) |  | (368,843) |  | (256,173)
Payment of lease liabilities |  | (1,114) |  | (1,072) |  | —
Recognition of lease liabilities |  | — |  | 20,979 |  | —
Net Increase in lease liabilities |  | 48 |  | — |  | —
Change in foreign currency |  | 15,853 |  | 20,044 |  | 1,903
Adjustment of fair value for hedge accounting relationship |  | 826 |  | 4,943 |  | 753
Other adjustments |  | (3,288) |  | 888 |  | 1,120
Balance as of December 31, |  | 1,985,070 |  | 3,138,310 |  | 3,518,446
Schedule of maturity analysis contractual undiscounted cash flows of the lease liability | Maturity analysis of contractual undiscounted cash flows of the lease liabilities is detailed below:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Due within 1 year |  | 2,058 |  | 2,005
After 1 year but within 5 years |  | 10,641 |  | 10,470
After 5 years but within 10 years |  | 11,354 |  | 13,492
Total undiscounted lease liabilities |  | 24,053 |  | 25,967
Short-term |  | 1,244 |  | 1,145
Long-term |  | 17,555 |  | 18,769
Lease liabilities included in the consolidated statement of financial position |  | 18,799 |  | 19,914
Schedule of amounts recognized | Amounts recognized in the statement of cash flows:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Payments of lease liabilities |  | 1,114 |  | 1,072
Amounts recognized in profit or loss:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Interest on lease liabilities |  | (862) |  | (912)
Income from sub-leasing right-of-use assets |  | 265 |  | 277

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