XML 129 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes |
Income Taxes |
24. | Income Taxes
The income tax benefit (expense) for the years ended December 31, 2024, 2023 and 2022, was comprised of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022 |
Income taxes, current (1) | ​ | Ps. | (4,238,483) | ​ | Ps. | (1,771,404) | ​ | Ps. | (2,310,957) |
Income taxes, deferred |  | ​ | 3,549,896 |  | ​ | (589,230) |  | ​ | 3,663,846 | ​
​ |  | Ps. | (688,587) |  | Ps. | (2,360,634) |  | Ps. | 1,352,889 |
​
(1) | The current income tax of Mexican companies payable in Mexico represented 99%, 96% and 90% of total current income taxes in 2024, 2023 and 2022, respectively.
The Mexican corporate income tax rate was 30% in 2024, 2023 and 2022. The following items represent the principal differences between income taxes computed at the statutory rate and the Group’s provision for income taxes. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | % | ​ | % | ​ | %
​ |  | 2024 |  | 2023 |  | 2022
Statutory income tax rate |  | 30 |  | 30 |  | 30
Differences between accounting and tax bases, including tax inflation gain that is not recognized for accounting purposes |  | 6 |  | (15) |  | (15)
Taxes from prior years |  | (6) |  | (15) |  | (2)
Tax loss carryforwards |  | (51) |  | (21) |  | 6
2014 Tax Reform |  | — |  | — |  | (1)
Foreign operations |  | 14 |  | (10) |  | (7)
Share of loss in associates and joint ventures, net |  | (4) |  | (20) |  | (13)
Reversal of impairment loss in investment in shares of TelevisaUnivision | ​ | — | ​ | — | ​ | 2
Discontinued operations |  | — |  | — |  | 10
Recovery of asset tax from prior years | ​ | 2 | ​ | 7 | ​ | —
Effective income tax rate |  | (9) |  | (44) |  | 10
​ The Group has recognized benefits from tax loss carryforwards of Mexican companies in the Group as of December 31, 2024 and 2023, for which it is expected that they will be used before expiration based on tax projections. The years of expiration of these tax loss carryforwards as of December 31, 2024, are as follows: ​
​ | ​ | ​ | ​
​ | ​ | Tax Loss
​ | ​ | Carryforwards
​ | ​ | for Which
​ | ​ | Deferred Taxes
Year of Expiration |  | Were Recognized
2025 |  | Ps. | 11,897,746
2026 |  | ​ | 329,150
2027 |  | ​ | 236,307
2028 | ​ | ​ | 1,173,961
2029 | ​ | ​ | 1,971,490
Thereafter |  | ​ | 6,963,569
​ |  | Ps. | 22,572,223
​ As of December 31, 2024, tax loss carryforwards of Mexican companies in the Group for which deferred tax assets were not recognized amounted to Ps.20,429,815 and will expire between 2025 and 2034. As of December 31, 2024, tax loss carryforwards of subsidiaries in Central America, the United States and Europe amounted to Ps.1,820,292, of which Ps.1,521,595 have no expiration date, and the remaining will expire between 2026 and 2037. The Group has not recognized any deferred tax assets in connection with these tax loss carryforwards. During 2024, 2023 and 2022, certain Mexican subsidiaries utilized operating tax loss carryforwards in the amounts of Ps.2,848,729, Ps.1,656,195 and Ps.11,944,218, respectively. ​ The deferred income taxes as of December 31, 2024 and 2023, were principally derived from the following temporary differences and tax loss carryforwards: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
Deferred Income Tax Assets: |  |  | ​ |  |  | ​
Accrued liabilities (1) | ​ | Ps. | 3,058,391 |  | Ps. | 3,115,699
Allowance for expected credit losses |  | ​ | 458,366 |  | ​ | 606,257
Customer advances |  | ​ | 1,820,602 |  | ​ | 1,583,352
Property, plant and equipment, net | ​ | ​ | 6,798,230 | ​ | ​ | 4,643,270
Financial expenses pending tax deduction | ​ | ​ | 4,904,829 | ​ | ​ | 1,112,726
Investments | ​ | ​ | 398 | ​ | ​ | —
Tax loss carryforwards: |  | ​ | ​ |  | ​ | ​
Operating |  | ​ | 3,129,246 |  | ​ | 4,014,487
Capital (2) |  | ​ | 3,642,421 |  | ​ | 5,823,813
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Income Tax Liabilities: |  | ​ | ​ |  | ​ | ​
Investments |  | ​ | — |  | ​ | (722,530)
Prepaid expenses and other items (1) | ​ | ​ | (824,656) | ​ | ​ | (476,430)
Derivative financial instruments |  | ​ | (550,399) |  | ​ | (44,618)
Intangible assets and transmission rights |  | ​ | (3,491,393) |  | ​ | (2,842,087)
Deferred income tax assets of Mexican companies |  | ​ | 18,946,035 |  | ​ | 16,813,939
Deferred income tax assets of certain foreign subsidiaries |  | ​ | 433,278 |  | ​ | 335,651
Deferred income tax assets, net |  | Ps. | 19,379,313 |  | Ps. | 17,149,590
​
(1) | Includes deferred income taxes derived from right-of-use assets of Ps.864,910 and lease liabilities of Ps.147,618.
(2) | Includes the benefit from tax loss carryforwards derived from the disposal in 2014 of the Group’s investment in GSF, in the amount of Ps.2,925,086 and Ps.4,678,136, as of December 31, 2024 and 2023, respectively.
The deferred tax assets are from tax jurisdictions in which the Group considers that based on financial projections of its cash flows, results of operations, and synergies among companies in the Group, will generate taxable income in subsequent periods. The gross roll-forward of deferred income tax assets, net, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
At January 1 | ​ | Ps. | 17,149,590 |  | Ps. | 17,520,493
Statement of income (charge) credit |  | ​ | 3,549,896 |  | ​ | (589,230)
Other comprehensive income (“OCI”) credit |  | ​ | (457,913) |  | ​ | 270,973
Retained earnings credit | ​ | ​ | (15,589) | ​ | ​ | 55,004
Discontinued operations | ​ | ​ | 5,151 | ​ | ​ | (107,650)
Spun-off Businesses | ​ | ​ | (851,822) | ​ | ​ | —
At December 31 |  | Ps. | 19,379,313 |  | Ps. | 17,149,590
​ The roll-forward of deferred income tax assets and liabilities for the year 2024, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Credit | ​ | Credit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | (Charge) to | ​ | (Charge) to | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Consolidated | ​ | Consolidated | ​ | ​ | ​ | ​ | Credit | ​ | ​
​ | ​ | ​ | ​ | ​ | Statement of | ​ | Statement of | ​ | ​ | ​ | ​ | (Charge) | ​ | ​
​ | ​ | ​ | ​ | ​ | Income | ​ | Income | ​ | ​ | ​ | ​ | to OCI and | ​ | ​
​ | ​ | At January 1, | ​ | (Continuing | ​ | (Discontinued | ​ | Spun-off | ​ | Retained | ​ | At December 31,
​ |  | 2024 |  | Operations) |  | Operations) |  | Businesses |  | Earnings |  | 2024
Deferred Income Tax Assets: |  |  | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |  | ​
Accrued liabilities | ​ | Ps. | 3,115,699 | ​ | Ps. | 220,536 | ​ | Ps. | — | ​ | Ps. | (277,844) | ​ | Ps. | — | ​ | Ps. | 3,058,391
Allowance for expected credit losses | ​ | ​ | 606,257 | ​ | ​ | (104,516) | ​ | ​ | — | ​ | ​ | (43,375) | ​ | ​ | — | ​ | ​ | 458,366
Customer advances | ​ | ​ | 1,583,352 | ​ | ​ | 239,752 | ​ | ​ | — | ​ | ​ | (2,502) | ​ | ​ | — | ​ | ​ | 1,820,602
Property, plant and equipment, net | ​ | ​ | 4,643,270 | ​ | ​ | 2,247,022 | ​ | ​ | — | ​ | ​ | (92,062) | ​ | ​ | — | ​ | ​ | 6,798,230
Financial expenses pending tax deduction | ​ | ​ | 1,112,726 | ​ | ​ | 3,850,444 | ​ | ​ | — | ​ | ​ | (58,341) | ​ | ​ | — | ​ | ​ | 4,904,829
Investments | ​ | ​ | — | ​ | ​ | 398 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 398
Tax loss carryforwards | ​ | ​ | 9,838,300 | ​ | ​ | (3,054,606) | ​ | ​ | — | ​ | ​ | (12,027) | ​ | ​ | — | ​ | ​ | 6,771,667
Deferred income tax assets of foreign subsidiaries | ​ | ​ | 335,651 | ​ | ​ | 97,627 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 433,278
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Income Tax Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments | ​ | ​ | (722,530) | ​ | ​ | 657,628 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 64,902 | ​ | ​ | —
Prepaid expenses and other items | ​ | ​ | (476,430) | ​ | ​ | (340,671) | ​ | ​ | 5,151 | ​ | ​ | (31,539) | ​ | ​ | 18,833 | ​ | ​ | (824,656)
Derivative financial instruments | ​ | ​ | (44,618) | ​ | ​ | 51,456 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (557,237) | ​ | ​ | (550,399)
Intangible assets and transmission rights | ​ | ​ | (2,842,087) | ​ | ​ | (315,174) | ​ | ​ | — | ​ | ​ | (334,132) | ​ | ​ | — | ​ | ​ | (3,491,393)
Deferred income tax assets, net | ​ | Ps. | 17,149,590 | ​ | Ps. | 3,549,896 | ​ | Ps. | 5,151 | ​ | Ps. | (851,822) | ​ | Ps. | (473,502) | ​ | Ps. | 19,379,313
​ The roll-forward of deferred income tax assets and liabilities for the year 2023, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | (Charge) | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Credit to | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Consolidated | ​ | Credit | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Statement of | ​ | (Charge) | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Income | ​ | to OCI and | ​ | ​ | ​
​ | ​ | At January 1, | ​ | (Continuing | ​ | Retained | ​ | At December 31,
​ |  | 2023 |  | Operations) | ​ | Earnings | ​ | 2023
Deferred Income Tax Assets: |  |  | ​ |  |  | ​ | ​ |  | ​ | ​ | ​ | ​
Accrued liabilities | ​ | Ps. | 4,312,485 | ​ | Ps. | (1,196,786) | ​ | Ps. | — | ​ | Ps. | 3,115,699
Allowance for expected credit losses | ​ | ​ | 607,773 | ​ | ​ | (1,516) | ​ | ​ | — | ​ | ​ | 606,257
Customer advances | ​ | ​ | 2,335,751 | ​ | ​ | (752,399) | ​ | ​ | — | ​ | ​ | 1,583,352
Property, plant and equipment, net | ​ | ​ | 3,923,889 | ​ | ​ | 719,381 | ​ | ​ | — | ​ | ​ | 4,643,270
Financial expenses pending tax deduction | ​ | ​ | 1,040,210 | ​ | ​ | 72,516 | ​ | ​ | — | ​ | ​ | 1,112,726
Tax loss carryforwards | ​ | ​ | 10,116,568 | ​ | ​ | (278,268) | ​ | ​ | — | ​ | ​ | 9,838,300
Deferred income tax assets of foreign subsidiaries | ​ | ​ | 246,813 | ​ | ​ | 88,838 | ​ | ​ | — | ​ | ​ | 335,651
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Income Tax Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments | ​ | ​ | (700,285) | ​ | ​ | (287,142) | ​ | ​ | 264,897 | ​ | ​ | (722,530)
Prepaid expenses and other items | ​ | ​ | (1,589,317) | ​ | ​ | 1,138,068 | ​ | ​ | (25,181) | ​ | ​ | (476,430)
Derivative financial instruments | ​ | ​ | (130,879) | ​ | ​ | — | ​ | ​ | 86,261 | ​ | ​ | (44,618)
Intangible assets and transmission rights | ​ | ​ | (2,642,515) | ​ | ​ | (199,572) | ​ | ​ | — | ​ | ​ | (2,842,087)
Deferred income tax assets, net | ​ | Ps. | 17,520,493 | ​ | Ps. | (696,880) | ​ | Ps. | 325,977 | ​ | Ps. | 17,149,590
​ The tax (charge) credit of income taxes relating to components of other comprehensive income (loss), is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2024
​ | ​ | ​ | ​ | ​ | Tax (Charge) | ​ | ​ | ​
​ |  | Before Tax |  | Credit |  | After Tax
Remeasurement of post-employment benefit obligations | ​ | Ps. | (62,779) | ​ | Ps. | 18,833 | ​ | Ps. | (43,946)
Exchange differences on translating foreign operations |  | ​ | 285,502 | ​ | ​ | 2,683,967 |  | ​ | 2,969,469
Derivative financial instruments cash flow hedges |  | ​ | 1,857,456 | ​ | ​ | (557,237) |  | ​ | 1,300,219
Open-Ended Fund | ​ | ​ | (66,098) | ​ | ​ | 19,829 | ​ | ​ | (46,269)
Other equity instruments | ​ | ​ | (202,208) | ​ | ​ | 60,662 | ​ | ​ | (141,546)
Share of income of associates and joint ventures |  | ​ | (7,061,676) |  | ​ | — |  | ​ | (7,061,676)
Other comprehensive income |  | Ps. | (5,249,803) |  | Ps. | 2,226,054 |  | Ps. | (3,023,749)
Current tax |  |  | ​ |  | Ps. | 2,683,967 |  | ​ | ​
Deferred tax |  |  | ​ |  | ​ | (457,913) |  |  | ​
​ |  |  | ​ |  | Ps. | 2,226,054 |  | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023
​ | ​ | ​ | ​ | ​ | Tax (Charge) | ​ | ​ | ​
​ |  | Before Tax |  | Credit |  | After Tax
Remeasurement of post-employment benefit obligations | ​ | Ps. | 83,935 | ​ | Ps. | (25,181) | ​ | Ps. | 58,754
Exchange differences on translating foreign operations |  | ​ | (758,835) |  | ​ | (1,975,708) |  | ​ | (2,734,543)
Derivative financial instruments cash flow hedges |  | ​ | (287,536) |  | ​ | 86,261 |  | ​ | (201,275)
Open-Ended Fund | ​ | ​ | (741) | ​ | ​ | 222 | ​ | ​ | (519)
Other equity instruments | ​ | ​ | (698,903) | ​ | ​ | 209,671 | ​ | ​ | (489,232)
Share of income of associates and joint ventures |  | ​ | 4,278,531 |  | ​ | — |  | ​ | 4,278,531
Other comprehensive income |  | Ps. | 2,616,451 |  | Ps. | (1,704,735) |  | Ps. | 911,716
Current tax |  |  | ​ |  | Ps. | (1,975,708) |  | ​ | ​
Deferred tax |  |  | ​ |  | ​ | 270,973 |  |  | ​
​ |  |  | ​ |  | Ps. | (1,704,735) |  | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022
​ | ​ | ​ | ​ | ​ | Tax (Charge) | ​ | ​ | ​
​ |  | Before Tax |  | Credit |  | After Tax
Remeasurement of post-employment benefit obligations | ​ | Ps. | 158,119 | ​ | Ps. | (47,436) | ​ | Ps. | 110,683
Exchange differences on translating foreign operations |  | ​ | (143,156) |  | ​ | (978,527) |  | ​ | (1,121,683)
Derivative financial instruments cash flow hedges |  | ​ | 395,807 |  | ​ | (118,742) |  | ​ | 277,065
Open-Ended Fund | ​ | ​ | (131,957) | ​ | ​ | 39,587 | ​ | ​ | (92,370)
Other equity instruments | ​ | ​ | (906,658) | ​ | ​ | 271,997 | ​ | ​ | (634,661)
Share of income of associates and joint ventures |  | ​ | 4,245,546 |  | ​ | — |  | ​ | 4,245,546
Other comprehensive income |  | Ps. | 3,617,701 |  | Ps. | (833,121) |  | Ps. | 2,784,580
Current tax |  |  | ​ |  | Ps. | (978,527) |  | ​ | ​
Deferred tax |  |  | ​ |  | ​ | 145,406 |  |  | ​
​ |  |  | ​ |  | Ps. | (833,121) |  | ​ | ​
​ The Economic Plan for 2023 and for 2024 did not include any changes to the Mexican Income Tax Law, the Mexican Value Added Tax Law or the Mexican Federal Tax Code. In the Federal Income Law for 2023 and for 2024 approved by the Mexican Congress, the withholding income tax rate applicable to the payments of interest made by Mexican financial entities was increased from 0.08% to 0.15% for 2023 and from 0.15% to 0.50% for 2024. International Taxation In 2021, the Organization for Economic Co-operation and Development (the “OECD”) (i) announced the Inclusive Framework on Base Erosion and Profit Shifting which agreed to a two-pillar solution to address tax challenges arising from digitalization of the economy; and (ii) released Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of large corporations at a minimum rate of 15%. The OECD continues to release additional guidance on the two-pillar framework with widespread implementation in 2024 and 2025. The Mexican government has not issued yet a legislation introducing a 15% global minimum corporate income tax rate to be in line with the OECD Pillar Two Model. Accordingly, it is not possible to accurately quantify the impact for the Group of this OECD taxation framework at this stage. However, it is not expected that this taxation framework will have a material impact on the Group tax expense as the jurisdictions in which the Group operates are either not material for the purposes of this taxation framework or pay effective rates of tax over 15%. The Group has applied the mandatory exception to the requirements in IAS 12 Income Taxes that an entity does not recognize and does not disclose information about deferred tax assets and liabilities related to the OECD Pillar Two Model income taxes.

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

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