XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.22.1

Financial Risk Management (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Financial Risk Management |
Schedule of foreign currency position of monetary items | The foreign currency position of monetary items of the Group at December 31, 2021, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Currency | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amounts | ​ | Year-End | ​ | ​ | ​
​ |  | (Thousands) |  | Exchange Rate |  | Mexican Pesos
Assets: |  |  |  | ​ |  |  | ​ |
U.S. dollars |  | 831,806 |  | Ps. | 20.5031 |  | Ps. | 17,054,602
Euros |  | 11,139 |  | ​ | 23.3478 |  | ​ | 260,071
Swiss francs |  | 4,139 |  | ​ | 22.4997 |  | ​ | 93,126
Argentinean pesos |  | 64,026 |  | ​ | 0.1996 |  | ​ | 12,780
Chilean pesos | ​ | 576,044 | ​ | ​ | 0.0240 | ​ | ​ | 13,825
Other currencies |  | — |  | ​ | — |  | ​ | 5,266
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  | ​ |  | ​ | ​ |  | ​ | ​
U.S. dollars (1) |  | 5,215,150 |  | Ps. | 20.5031 |  | Ps. | 106,926,742
Euros | ​ | 598 | ​ | ​ | 23.3478 | ​ | ​ | 13,962
Swiss francs |  | 883 |  | ​ | 22.4997 |  | ​ | 19,867
Other currencies |  | — |  | ​ | — |  | ​ | 185
​ The foreign currency position of monetary items of the Group at December 31, 2020, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Currency | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amounts | ​ | Year-End | ​ | ​ | ​
​ |  | (Thousands) |  | Exchange Rate |  | Mexican Pesos
Assets: |  |  |  | ​ |  |  | ​ |
U.S. dollars |  | 1,154,453 |  | Ps. | 19.9493 |  | Ps. | 23,030,529
Euros |  | 19,260 |  | ​ | 24.3774 |  | ​ | 469,509
Swiss francs |  | 438 |  | ​ | 22.5299 |  | ​ | 9,868
Argentinean pesos |  | 66,482 |  | ​ | 0.2371 |  | ​ | 15,763
Chilean pesos |  | 327,357 |  | ​ | 0.0280 |  | ​ | 9,166
Other currencies |  | — |  | ​ | — |  | ​ | 7,713
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  |  |  | ​ |  |  | ​ |
U.S. dollars (1) |  | 5,161,009 |  | Ps. | 19.9493 |  | Ps. | 102,958,517
Euros |  | 1,151 | ​ | ​ | 24.3774 | ​ | ​ | 28,058
Swiss francs |  | 659 |  | ​ | 22.5299 |  | ​ | 14,847
Chilean pesos |  | 632,679 |  | ​ | 0.0280 |  | ​ | 17,715
Colombian pesos |  | 8,246,548 |  | ​ | 0.0057 |  | ​ | 47,005
Other currencies |  | — |  | ​ | — |  | ​ | 3,332
​
(1) | As of December 31, 2021 and 2020, monetary liabilities include U.S.$1,300.6 million (Ps.26,666,715) and U.S.$1,130.9 million (Ps.22,559,983), respectively, related to long-term debt designated as a hedging instrument of the Group’s investments in UH II as of December 31, 2021, UHI as of December 31, 2020, and the investment in Open-Ended Fund (see Note 14).
Schedule of foreign currency of monetary items with net position | The Group is subject to the risk of foreign currency exchange rate fluctuations, resulting primarily from the net monetary position in U.S. dollars and U.S. dollar equivalent amounts of the Group’s Mexican operations, as follows (in millions of U.S. dollars): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2021 |  | 2020
U.S. dollar-denominated and U.S. dollar-equivalent monetary assets, primarily cash and cash equivalents, and non-current investments in financial instruments (1) |  | U.S.$ | 785.1 |  | U.S.$ | 1,125.1
U.S. dollar-denominated and U.S. dollar-equivalent monetary liabilities, primarily trade accounts payable, Senior debt securities, lease liabilities, and other liabilities (2) (3) |  | ​ | (5,180.8) |  | ​ | (5,115.9)
Net liability position |  | U.S.$ | (4,395.7) |  | U.S.$ | (3,990.8)
​
(1) | As of December 31, 2021 and 2020, this line includes U.S. dollar equivalent amounts of U.S.$17.7 million and U.S.$24.5 million, respectively, related to other foreign currencies, primarily Euros.
(2) | As of December 31, 2021 and 2020, this line includes U.S. dollar equivalent amounts of U.S.$1.4 million and U.S.$2.0 million, respectively, related to other foreign currencies, primarily Euros.
(3) | As of December 31, 2021 and 2020, monetary liabilities include U.S.$1,300.6 million (Ps.26,666,715) and U.S.$1,130.9 million (Ps.22,559,983), respectively, related to long-term debt designated as a hedging instrument of the Group’s investments in UH II, UHI and the investment in Open-Ended Fund (see Note 14).
Schedule of hypothetical changes in fair value or losses in earnings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Difference between
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value and
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Carrying Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Assuming a
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Difference between | ​ | Hypothetical
​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value and | ​ | 10% Increase in
December 31, 2021 |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Long-term loan and interest receivable from GTAC |  | Ps. | 755,973 | ​ | Ps. | 760,143 |  | Ps. | 4,170 |  | Ps. | 80,184
Open-Ended Fund | ​ | ​ | 945,176 | ​ | ​ | 945,176 | ​ | ​ | — | ​ | ​ | —
Publicly traded equity instruments | ​ | ​ | 3,517,711 | ​ | ​ | 3,517,711 | ​ | ​ | — | ​ | ​ | —
Other equity instruments | ​ | ​ | 1,607,969 | ​ | ​ | 1,607,969 | ​ | ​ | — | ​ | ​ | —
Derivative financial instruments (1) | ​ | ​ | 133,324 | ​ | ​ | 133,324 |  | ​ | — |  | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities(2) (3): |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
U.S. dollar-denominated debt: |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
Senior Notes due 2025 |  | ​ | 12,301,860 | ​ | ​ | 14,056,843 |  | ​ | 1,754,983 |  | ​ | 3,160,667
Senior Notes due 2026 |  | ​ | 6,150,930 | ​ | ​ | 6,685,200 |  | ​ | 534,270 |  | ​ | 1,202,790
Senior Notes due 2032 |  | ​ | 6,150,930 | ​ | ​ | 8,857,216 |  | ​ | 2,706,286 |  | ​ | 3,592,008
Senior Notes due 2040 |  | ​ | 12,301,860 | ​ | ​ | 16,678,493 |  | ​ | 4,376,633 |  | ​ | 6,044,482
Senior Notes due 2045 |  | ​ | 20,503,100 | ​ | ​ | 24,205,140 |  | ​ | 3,702,040 |  | ​ | 6,122,554
Senior Notes due 2046 |  | ​ | 18,452,790 | ​ | ​ | 25,029,180 |  | ​ | 6,576,390 |  | ​ | 9,079,308
Senior Notes due 2049 | ​ | ​ | 15,377,325 | ​ | ​ | 19,307,154 | ​ | ​ | 3,929,829 | ​ | ​ | 5,860,544
Peso-denominated debt: |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Notes due 2027 | ​ | ​ | 4,500,000 | ​ | ​ | 4,509,405 |  | ​ | 9,405 | ​ | ​ | 460,346
Senior Notes due 2037 |  | ​ | 4,500,000 | ​ | ​ | 4,110,480 |  | ​ | (389,520) | ​ | ​ | 21,528
Senior Notes due 2043 |  | ​ | 6,500,000 | ​ | ​ | 4,611,620 |  | ​ | (1,888,380) | ​ | ​ | (1,427,218)
Long-term notes payable to Mexican banks |  | ​ | 20,260,404 | ​ | ​ | 20,417,854 |  | ​ | 157,450 | ​ | ​ | 2,199,235
Lease liabilities | ​ | ​ | 9,680,559 | ​ | ​ | 9,830,878 | ​ | ​ | 150,319 | ​ | ​ | 1,133,407
Derivative financial instruments (1) |  | ​ | 172,885 | ​ | ​ | 172,885 |  | ​ | — |  | ​ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Difference between
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value and
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Carrying Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Assuming a
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Difference between | ​ | Hypothetical
​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value and | ​ | 10% Increase in
December 31, 2020 |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Long-term loan and interest receivable from GTAC |  | Ps. | 821,253 | ​ | Ps. | 824,092 |  | Ps. | 2,839 |  | Ps. | 85,248
Open-Ended Fund |  | ​ | 1,135,803 | ​ | ​ | 1,135,803 |  | ​ | — |  | ​ | —
Publicly traded equity instruments | ​ | ​ | 5,397,504 | ​ | ​ | 5,397,504 |  | ​ | — |  | ​ | —
Other equity instruments | ​ | ​ | 468,552 | ​ | ​ | 468,552 | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities(2) (3): |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
U.S. dollar-denominated debt: |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
Senior Notes due 2025 |  | ​ | 11,969,580 | ​ | ​ | 14,609,830 |  | ​ | 2,640,250 |  | ​ | 4,101,233
Senior Notes due 2026 |  | ​ | 5,984,790 | ​ | ​ | 6,840,854 |  | ​ | 856,064 |  | ​ | 1,540,149
Senior Notes due 2032 |  | ​ | 5,984,790 | ​ | ​ | 9,193,415 |  | ​ | 3,208,625 |  | ​ | 4,127,967
Senior Notes due 2040 |  | ​ | 11,969,580 | ​ | ​ | 16,780,992 |  | ​ | 4,811,412 |  | ​ | 6,489,511
Senior Notes due 2045 |  | ​ | 19,949,300 | ​ | ​ | 24,282,886 |  | ​ | 4,333,586 |  | ​ | 6,761,875
Senior Notes due 2046 |  | ​ | 17,954,370 | ​ | ​ | 24,970,938 |  | ​ | 7,016,568 |  | ​ | 9,513,662
Senior Notes due 2049 | ​ | ​ | 14,961,975 | ​ | ​ | 18,978,667 | ​ | ​ | 4,016,692 | ​ | ​ | 5,914,559
Peso-denominated debt: |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
Notes due 2027 | ​ | ​ | 4,500,000 | ​ | ​ | 5,035,860 |  | ​ | 535,860 | ​ | ​ | 1,039,446
Senior Notes due 2037 |  | ​ | 4,500,000 | ​ | ​ | 4,087,575 |  | ​ | (412,425) | ​ | ​ | (3,668)
Senior Notes due 2043 |  | ​ | 6,500,000 | ​ | ​ | 5,150,860 |  | ​ | (1,349,140) | ​ | ​ | (834,054)
Long-term notes payable to Mexican banks |  | ​ | 19,602,893 | ​ | ​ | 19,801,142 |  | ​ | 198,249 | ​ | ​ | 2,178,363
Lease liabilities | ​ | ​ | 9,292,351 | ​ | ​ | 9,343,100 | ​ | ​ | 50,749 | ​ | ​ | 985,059
Derivative financial instruments (1) |  | ​ | 3,476,223 | ​ | ​ | 3,476,223 |  | ​ | — |  | ​ | —
​
(1) | Given the nature and the tenor of these derivative financial instruments, an increase of 10% in the interest and/or exchange rates would not be an accurate sensitivity analysis on the fair value of these financial instruments.
(2) | The carrying amount of debt is stated in this table at its principal amount.
(3) | The fair value of the Senior Notes and Notes due by the Group are within Level 1 of the fair value hierarchy as there is a quoted market price for them. The fair value of the lease liabilities is within Level 2 of the fair value hierarchy and has been estimated based on cash flows discounted using an estimated weighted average cost of capital. The fair value of held-to-maturity securities are within Level 1 of the fair value hierarchy and were based on market interest rates to the listed securities.
Schedule of contractual undiscounted cash flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12-36 Months | ​ | 36-60 Months | ​ | Maturities | ​ | ​ | ​
​ | ​ | January 1, 2022 to | ​ | January 1, 2023 to | ​ | January 1, 2025 to | ​ | Subsequent to | ​ | ​ | ​
​ |  | December 31, 2022 |  | December 31, 2024 |  | December 31, 2026 |  | December 31, 2026 |  | Total
At December 31, 2021 |  | ​ | ​ | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt (1) | ​ | Ps. | 4,110,404 | ​ | Ps. | 13,500,000 | ​ | Ps. | 21,102,790 | ​ | Ps. | 88,286,005 | ​ | Ps. | 126,999,199
Lease liabilities | ​ |  | 1,478,382 | ​ |  | 2,469,270 | ​ |  | 2,478,486 | ​ |  | 3,254,421 | ​ |  | 9,680,559
Trade and other liabilities | ​ |  | 40,051,575 | ​ |  | 2,743,298 | ​ |  | 2,041,627 | ​ |  | 3,665,074 | ​ |  | 48,501,574
Interest on debt (2) | ​ |  | 6,188,285 | ​ |  | 15,237,650 | ​ |  | 12,453,353 | ​ |  | 86,405,197 | ​ |  | 120,284,485
Interest on lease liabilities | ​ |  | 659,049 | ​ |  | 1,136,036 | ​ |  | 775,332 | ​ |  | 921,942 | ​ |  | 3,492,359
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12-36 Months | ​ | 36-60 Months | ​ | Maturities | ​ | ​ | ​
​ | ​ | January 1, 2021 to | ​ | January 1, 2022 to | ​ | January 1, 2024 to | ​ | Subsequent to | ​ | ​ | ​
​ |  | December 31, 2021 |  | December 31, 2023 |  | December 31, 2025 |  | December 31, 2025 |  | Total
At December 31, 2020 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Debt (1) | ​ | Ps. | 617,489 | ​ | Ps. | 8,985,404 | ​ | Ps. | 21,969,580 | ​ | Ps. | 92,304,805 | ​ | Ps. | 123,877,278
Lease liabilities | ​ |  | 1,277,754 | ​ |  | 2,184,098 | ​ |  | 2,240,777 | ​ |  | 3,589,722 | ​ |  | 9,292,351
Trade and other liabilities | ​ |  | 33,936,100 | ​ |  | 4,078,823 | ​ |  | 644,830 | ​ |  | 3,137,092 | ​ |  | 41,796,845
Interest on debt (2) | ​ |  | 5,997,185 | ​ |  | 15,177,002 | ​ |  | 13,256,713 | ​ |  | 90,128,177 | ​ |  | 124,559,077
Interest on lease liabilities | ​ |  | 668,461 | ​ |  | 1,169,317 | ​ |  | 853,741 | ​ |  | 925,566 | ​ |  | 3,617,085
​
(1) | The amounts of debt are disclosed on a principal amount basis (see Note 14).
(2) | Interest to be paid in future years on outstanding debt as of December 31, 2021 and 2020, based on contractual interest rate and exchange rates as of that date.

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about foreign currency position of cash and cash equivalents of monetary items net position. + References No definition available. + Details
Name: | tv_DisclosureOfForeignCurrencyCashAndCashEquivalentsMonetaryItemsNetPositionTableTextBlock
Namespace Prefix: | tv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about foreign currency position of monetary items. + References No definition available. + Details
Name: | tv_DisclosureOfForeignCurrencyPositionOfMonetaryItemsTableTextBlock
Namespace Prefix: | tv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of hypothetical change in fair value or losses in earnings that the entity will incur. + References No definition available. + Details
Name: | tv_DisclosureOfHypotheticalChangeInFairValueOrLossesInEarningsTableTextBlock
Namespace Prefix: | tv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis for financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. + References No definition available. + Details
Name: | tv_DisclosureOfMaturityAnalysisForFinancialLiabilitiesTableTextBlock
Namespace Prefix: | tv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration