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Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies |
Schedule of interests in direct and indirect subsidiaries | At December 31, 2020 and 2019, the main direct and indirect subsidiaries of the Company were as follows:
|  | Company’s |  |
|  | Ownership |  | Business
Subsidiaries |  | Interest (1) |  | Segment (2)
Empresas Cablevisión, S.A.B. de C.V. and subsidiaries (collectively, “Empresas Cablevisión”) (3) |  | 51.2 | % | Cable
Subsidiaries engaged in the Cablemás business (collectively, “Cablemás”) (4) |  | 100 | % | Cable
Televisión Internacional, S.A. de C.V. and subsidiaries (collectively, “TVI”) (5) |  | 100 | % | Cable
Cablestar, S.A. de C.V. and subsidiaries (collectively, “Bestel”) (6) |  | 66.2 | % | Cable
Arretis, S.A.P.I. de C.V. and subsidiaries (collectively, “Cablecom”) (7) |  | 100 | % | Cable
Subsidiaries engaged in the Telecable business (collectively, “Telecable”) (8) |  | 100 | % | Cable
FTTH de México, S.A. de C.V. (9) |  | 100 | % | Cable
Corporativo Vasco de Quiroga, S.A. de C.V. (“CVQ”) and subsidiaries (10) |  | 100 | % | Cable and Sky
Innova, S. de R.L. de C.V. (“Innova”) and subsidiaries (collectively, “Sky”) (11) |  | 58.7 | % | Sky
Grupo Telesistema, S.A. de C.V. ("Grupo Telesistema") and subsidiaries |  | 100 | % | Content and Other Businesses
Televisa, S.A. de C.V. (“Televisa”) (12) |  | 100 | % | Content
Televisión Independiente de México, S.A. de C.V. ("TIM") (12) |  | 100 | % | Content
G.Televisa-D, S.A. de C.V. (12) |  | 100 | % | Content
Multimedia Telecom, S.A. de C.V. (“Multimedia Telecom”) and subsidiary (13) |  | 100 | % | Content
Ulvik, S.A. de C.V. (14) |  | 100 | % | Content and Other Businesses
Controladora de Juegos y Sorteos de México, S.A. de C.V. and subsidiaries |  | 100 | % | Other Businesses
Editorial Televisa, S.A. de C.V. and subsidiaries |  | 100 | % | Other Businesses
Grupo Distribuidoras Intermex, S.A. de C.V. and subsidiaries |  | 100 | % | Other Businesses
Villacezán, S.A. de C.V. (“Villacezán”) and subsidiaries (15) |  | 100 | % | Other Businesses
Sistema Radiópolis, S.A. de C.V. ("Radiópolis") and subsidiaries (16) |  | — |  | Disposed operations
| (1) |  | Percentage of equity interest directly or indirectly held by the Company.
| (2) |  | See Note 26 for a description of each of the Group’s business segments.
| (3) |  | Empresas Cablevisión, S.A.B. de C.V., is a direct majority-owned subsidiary of CVQ.
| (4) |  | Some Cablemás subsidiaries are directly owned by CVQ and some other Cablemás subsidiaries are indirectly owned by CVQ.
| (5) |  | Televisión Internacional, S.A. de C.V., is a direct subsidiary of CVQ.
| (6) |  | Cablestar, S.A. de C.V., is an indirect majority-owned subsidiary of CVQ and Empresas Cablevisión, S.A.B. de C.V.
| (7) |  | Arretis, S.A.P.I. de C.V., is a direct subsidiary of CVQ.
| (8) |  | The Telecable subsidiaries are directly owned by CVQ.
| (9) |  | FTTH de México, S. A. de C.V., is an indirect subsidiary of CVQ.
| (10) |  | CVQ is a direct subsidiary of the Company and the parent company of Empresas Cablevisión, Cablemás, TVI, Bestel, Cablecom, Telecable and Innova.
| (11) |  | Innova is an indirect majority-owned subsidiary of the Company, CVQ and Sky DTH, S.A. de C.V. (“Sky DTH”), and a direct majority-owned subsidiary of Innova Holdings, S. de R.L. de C.V. (“Innova Holdings”). Sky is a satellite television provider in Mexico, Central America and the Dominican Republic. Although the Company holds a majority of Innova’s equity and designates a majority of the members of Innova’s Board of Directors, the non-controlling interest has certain governance and veto rights in Innova, including the right to block certain transactions between the companies in the Group and Sky. These veto rights are protective in nature and do not affect decisions about relevant business activities of Innova.
| (12) |  | Televisa, TIM and G.Televisa-D, S.A. de C.V., are direct subsidiaries of Grupo Telesistema.
| (13) |  | Multimedia Telecom and its direct subsidiary, Comunicaciones Tieren, S.A. de C.V. (“Tieren”), are indirect wholly-owned subsidiaries of Grupo Telesistema, through which the Company owns shares of the capital stock of UHI and maintained through December 29, 2020, an investment in warrants that were exercised for shares of common stock of UHI on that date. As of December 31, 2020 and 2019, Multimedia Telecom and Tieren have investments representing 95.3% and 4.7%, respectively, of the Group’s aggregate investment in shares of common stock and/or share warrants issued by UHI (see Notes 9, 10 and 20).
| (14) |  | Direct subsidiary through which we conduct certain operations of our Content segment and certain operations of our Other Businesses segments.
| (15) |  | Villacezán is an indirect subsidiary of Grupo Telesistema.
| (16) |  | In July 2020, the Company concluded the sale of its 50% equity interest in Radiópolis. Through June 2020, Radiópolis was a direct subsidiary of the Company through which the Group conducted the operations of its former Radio business. The Company controlled Radiópolis as it had the right to appoint the majority of the members of the Board of Directors of Radiópolis. The Radio business was part the of the Group’s Other Businesses segment through the third quarter of 2019. Beginning in the fourth quarter of 2019, the assets and related liabilities of the Radio Business, as well as its operating results, were classified as held for sale in the Group’s consolidated financial statements through June 30, 2020 (see Notes 3 and 26).
Schedule of expiration dates of the Group's concessions and permits |
Segments |  | Expiration Dates
Cable |  | Various from 2022 to 2048
Sky |  | Various from 2021 to 2030
Content (broadcasting concessions) (1) |  | In 2021 and the relevant renewals start in 2022 ending in 2042
Other Businesses: |  |
Gaming |  | In 2030
| (1) |  | In November 2018, the IFT approved the renewal of the Group’s broadcasting concessions for all of its television stations in Mexico, for a term of 20 years after the existing expiration date in 2021. In November 2018, the Group paid for such renewal an aggregate amount of Ps.5,754,543 in cash, which included a payment of Ps.1,194 for administrative expenses and recognized this payment as an intangible asset in its consolidated statement of financial position. This amount will be amortized in a period of 20 years beginning on January 1, 2022, by using the straight-line method (see Note 13).
Schedule of property, plant and equipment, estimated useful lives |
|  | Estimated
|  | Useful Lives
Buildings |  | 20-65 years
Building improvements |  | 5-20 years
Technical equipment |  | 3-30 years
Satellite transponders |  | 15 years
Furniture and fixtures |  | 3-10 years
Transportation equipment |  | 4-8 years
Computer equipment |  | 3-6 years
Leasehold improvements |  | 5-30 years
Schedule of intangible assets, estimated useful lives |
|  | Estimated
|  | Useful Lives
Trademarks with finite useful lives |  | 4 years
Licenses |  | 3-10 years
Subscriber lists |  | 4-5 years
Payments for renewal of concessions |  | 20 years
Other intangible assets |  | 3-20 years
Schedule of new or amended standards issued by IASB |
|  |  |  | Effective for Annual
|  |  |  | Periods Beginning
New or Amended IFRS Standard |  | Title of the IFRS Standard |  | On or After
Amendments to IFRS 10 and IAS 28 (1) |  | Sale or Contribution of Assets between an Investor and its Associate or Joint Venture |  | Postponed
IFRS 17 (2) |  | Insurance Contracts |  | January 1, 2023
Amendments to IAS 1 (1) |  | Classification of Liabilities as Current or Non-current |  | January 1, 2023
Annual Improvements (1) |  | Annual Improvements to IFRS Standards 2018-2020 |  | January 1, 2022
Amendments to IAS 16 (1) |  | Property, Plant and Equipment: Proceeds before Intended Use |  | January 1, 2022
Amendments to IAS 37 (1) |  | Onerous Contracts – Cost of Fulfilling a Contract |  | January 1, 2022
Amendments to IFRS 3 (1) |  | Reference to the Conceptual Framework |  | January 1, 2022
Amendment to IFRS 16 (1) |  | COVID-19-Related Rent Concessions |  | June 1, 2020
Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 (2) |  | Interest Rate Benchmark Reform – Phase 2 |  | January 1, 2021
Amendments to IAS 8 |  | Definition of Accounting Estimates |  | January 1, 2023
Amendments to IAS 1 and IFRS Practice Statement 2 |  | Disclosure of Accounting Policies |  | January 1, 2023
| (1) |  | This new or amended IFRS Standard is not expected to have a significant impact on the Group’s consolidated financial statements.
| (2) |  | This new or amended IFRS Standard is not expected to be applicable to the Group’s consolidated financial statements.
Standard |  | Subject of Amendment
IFRS 1 First-time Adoption of International Reporting Standards |  | Subsidiary as a First-time Adopter
IFRS 9 Financial Instruments |  | Fees in the “10 per cent” Test for Derecognition of Financial Liabilities
Illustrative Examples accompanying IFRS 16 Leases |  | Lease Incentives
IAS 41 Agriculture |  | Taxation in Fair Value Measurements

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