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Share-based payments (Tables) | 12 Months Ended
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Dec. 31, 2017
Share-based payments |
Schedule of movement in number of shares under share purchase payment plans |
|  | Number of Series A shares |
Outstanding as of December 31, 2015 |  | 617,001 |
Purchased during the year |  | 513,002 |
Granted during the year |  | — |
Exercised/vested during the year |  | (425,536 | )
Forfeited during the year |  | (86,419 | )
Outstanding as of December 31, 2016 |  | 618,048 | *
Purchased during the year |  | 547,310 |
Granted during the year |  | — |
Exercised/vested during the year |  | (345,270 | )
Forfeited during the year |  | — |
Outstanding as of December 31, 2017 |  | 820,088 | *
*These shares are presented as treasury shares in the consolidated statement of financial position as of December 31, 2017 and 2016.
Schedule of weighted average assumptions used to estimate the fair market value of the MIP at the date of grant |
|  | 2012 |
Dividend yield (%) |  | 0.00 | %
Volatility (%) |  | 37.00 | %
Risk—free interest rate (%) |  | 5.96 | %
Expected life of share options (years) |  | 8.8 |
Exercise share price (in Mexican pesos Ps.) |  | 5.31 |
Exercise multiple |  | 1.1 |
Fair value of the stock at grant date |  | 1.73 |
Schedule of movement in number of shares options and fixed exercise prices |
|  | Number of share options |  | Exercise price in Mexican pesos |  | Total in thousands of Mexican pesos |
Outstanding as of December 31, 2015 |  | 15,857,856 |  | Ps. | 5.31 |  | Ps. | 84,269 |
Granted during the year |  | — |  | — |  | — |
Forfeited during the year |  | — |  | — |  | — |
Exercised during the year |  | (3,299,999 | ) | 5.31 |  | (17,536 | )
Outstanding as of December 31, 2016 |  | 12,557,857 |  | Ps. | 5.31 |  | Ps. | 66,733 |
Granted during the year |  | — |  | — |  | — |
Forfeited during the year |  | — |  | — |  | — |
Exercised during the year |  | (120,000 | ) | 5.31 |  | (638 | )
Outstanding as of December 31, 2017 |  | 12,437,857 |  | Ps. | 5.31 |  | Ps. | 66,095 |
Schedule of retention plan expenses recognized |
|  | 2017 |  | 2016 |  | 2015 |
(Benefit) expense arising from cash-settled share-based payments transactions |  | Ps. | (25,498 | ) | Ps. | 86,100 |  | Ps. | 44,699 |
Expense arising from equity-settled share-based payments transactions |  | 13,508 |  | 7,816 |  | 6,345 |
Total expense arising from share-based payments transactions |  | Ps. | (11,990 | ) | Ps. | 93,916 |  | Ps. | 51,044 |
Share purchase plan |
Share-based payments |
Schedule of vesting period of shares granted |
Number of Series A shares |  | Vesting period |
353,457 |  | November 2017 – 2018 |
284,200 |  | November 2018 – 2019 |
182,431 |  | November 2019 – 2020 |
820,088 |  |  |
SARs - cash settled |
Share-based payments |
Schedule of vesting period of shares granted |
Number of SARs |  | Exercisable date |
2,766,811 |  | November 2018 |
1,649,493 |  | November 2019 |
941,749 |  | November 2020 |
5,358,053 |  |  |
MIP II |
Share-based payments |
Schedule of vesting period of shares granted |
Number of SARs |  | Exercisable date |
2,030,540 |  | February 2017 |
2,030,540 |  | February 2018 |
2,030,540 |  | February 2019 |
3,384,240 |  | February 2020 |
4,061,100 |  | February 2021 |
13,536,960 |  |  |

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