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v3.22.1

Borrowings and debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Borrowings and debt |
Schedule of borrowings and debt | Carrying amount of borrowings and debt is detailed as follows:
| December 31, 2021
| Short-Term |  | Long-term |  |
| Borrowings |  | Debt |  | Lease Liabilities |  | Borrowings |  | Debt |  | Lease Liabilities |  | Total
Principal | 1,547,845 |  |  | 34,213 |  |  | 996 |  |  | 329,888 |  |  | 1,398,223 |  |  | 16,737 |  |  | 3,327,902 |
Prepaid commissions | — |  |  | — |  |  | — |  |  | (498) |  |  | (5,493) |  |  | — |  |  | (5,991) |
| 1,547,845 |  |  | 34,213 |  |  | 996 |  |  | 329,390 |  |  | 1,392,730 |  |  | 16,737 |  |  | 3,321,911 |
| December 31, 2020
| Short-Term |  | Long-term |  |
| 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 |
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, 2021 |  | December 31, 2020
Short-term borrowings: |  |  |
At fixed interest rates | 1,102,621 |  |  | 55,000 |
At floating interest rates | 445,224 |  |  | 276,585 |
Total borrowings | 1,547,845 |  |  | 331,585 |
Short-term debt: |  |  |
At floating interest rates | 34,213 |  |  | 49,350 |
Total debt | 34,213 |  |  | 49,350 |
Total short-term borrowings and debt | 1,582,058 |  |  | 380,935 |
Range of fixed interest rates on borrowings and debt in U.S. dollars | 0.50% to 2.02% |  | 0.45% to 1.40%
Range of floating interest rates on borrowings in U.S. dollars | 0.35% to 0.81% |  | 0.47% to 1.65%
Range of floating interest rates on borrowings and debt in Mexican pesos | 5.39% to 6.56% |  | 4.97% to 5.05%
The outstanding balances of short-term borrowings and debt by currency, excluding lease liabilities, are as follows:
| December 31, 2021 |  | December 31, 2020
Currency |  |  |
US dollar | 1,401,122 |  |  | 299,957 |
Mexican peso | 180,936 |  |  | 80,978 |
Total | 1,582,058 |  |  | 380,935 |
Schedule of breakdown of borrowings and long-term debt (original maturity of more than one year), along with contractual interest rates, plus prepaid commissions |
| December 31, 2021 |  | December 31, 2020
Long-term borrowings: |  |  |
At fixed interest rates with due dates from January 2022 to September 2023 | 115,043 |  |  | 68,190 |
At floating interest rates with due dates from July 2022 to November 2023 | 214,845 |  |  | 408,820 |
Total long-term borrowings | 329,888 |  |  | 477,010 |
Long-term debt: |  |  |
At fixed interest rates with due dates from June 2022 to December 2027 | 927,550 |  |  | 784,006 |
At floating interest rates with due dates from March 2022 to November 2024 | 470,673 |  |  | 332,027 |
Total long-term debt | 1,398,223 |  |  | 1,116,033 |
Total long-term borrowings and debt | 1,728,111 |  |  | 1,593,043 |
Less: Prepaid commissions | (5,991) |  |  | (7,707) |
Total long-term borrowings and debt, net | 1,722,120 |  |  | 1,585,336 |
Range of fixed interest rates on borrowings and debt in U.S. dollars | 0.80% to 2.38% |  | 2.04% to 3.05%
Range of floating interest rates on borrowings and debt in U.S. dollars | 0.97% to 1.80% |  | 1.16% to 1.85%
Range of fixed interest rates on borrowings in Mexican pesos | 6.50% to 9.09% |  | 6.77% to 9.09%
Range of floating interest rates on borrowings and debt in Mexican pesos | 5.43% to 6.87% |  | 4.87% to 5.74%
Range of fixed interest rates on debt in Japanese yens | 0.40% to 0.95% |  | 0.52 | %
Range of fixed interest rates on debt in Euros | 0.23% to 3.75% |  | 0.90% to 3.75%
Range of fixed interest rates on debt in Australian dollars | 1.41 | % |  | 0.00 | %
Range of fixed interest rates on debt in Sterling pounds | 1.50 | % |  | 0.00 | %
Range of fixed interest rates on debt in Swiss franc | 0.35 | % |  | 0.00 | %
Long-term borrowings and debt The outstanding balances of long-term borrowings and debt by currency, excluding prepaid commissions, are as follows (excluding lease liabilities):
| December 31, 2021 |  | December 31, 2020
Currency |  |  |
US dollar | 812,496 |  |  | 910,296 |
Mexican peso | 643,490 |  |  | 509,687 |
Euro | 121,443 |  |  | 101,469 |
Japanese yen | 116,518 |  |  | 71,591 |
Australian dollar | 18,174 |  |  | — |
Swiss franc | 10,979 |  |  | — |
Sterling pound | 5,011 |  |  | — |
Total | 1,728,111 |  |  | 1,593,043 |
Schedule of future payments of long-term borrowings and debt outstanding | Future payments of long-term borrowings and debt outstanding as of December 31, 2021, are as follows (excluding lease liabilities):
Year | Outstanding
2022 | 411,020 |
2023 | 335,657 |
2024 | 319,331 |
2025 | 611,668 |
2026 | 34,049 |
2027 | 16,386 |
| 1,728,111 |
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 statement of cash flows :
| 2021 |  | 2020 |  | 2019
Balance as of January 1, | 1,985,070 |  |  | 3,138,310 |  |  | 3,518,446 |
Net increase (decrease) in short-term borrowings and debt | 1,196,710 |  |  | (1,212,023) |  |  | (428,611) |
Proceeds from long-term borrowings and debt | 266,640 |  |  | 827,732 |  |  | 371,536 |
Payments of long-term borrowings and debt | (97,520) |  |  | (781,274) |  |  | (368,843) |
Payment of lease liabilities | (1,227) |  |  | (1,114) |  |  | (1,072) |
Recognition of lease liabilities | — |  |  | — |  |  | 20,979 |
Net Increase in lease liabilities | 161 |  |  | 48 |  |  | — |
Change in foreign currency | (27,528) |  |  | 15,853 |  |  | 20,044 |
Adjustment of fair value for hedge accounting relationship | (2,034) |  |  | 826 |  |  | 4,943 |
Other adjustments | 1,639 |  |  | (3,288) |  |  | 888 |
Balance as of December 31, | 3,321,911 |  |  | 1,985,070 |  |  | 3,138,310 |
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, 2021 |  | December 31, 2020
Due within 1 year | 1,574 |  |  | 2,058 |
After 1 year but within 5 years | 7,262 |  |  | 10,641 |
After 5 years but within 10 years | 13,771 |  |  | 11,354 |
Total undiscounted lease liabilities | 22,607 |  |  | 24,053 |
Short-term | 996 |  |  | 1,244 |
Long-term | 16,737 |  |  | 17,555 |
Lease liabilities included in the consolidated statement of financial position | 17,733 |  |  | 18,799 |
Schedule of amounts recognized | Amounts recognized in the consolidated statement of cash flows:
| December 31, 2021 |  | December 31, 2020
Payments of lease liabilities | 1,227 |  |  | 1,114 |
Amounts recognized in profit or loss:
| December 31,
| 2021 |  | 2020 |  | 2019
Interest on lease liabilities | (810) |  |  | (862) |  |  | (912) |
Income from sub-leasing right-of-use assets | 227 |  |  | 265 |  |  | 277 |

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