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Share-based payments (Tables)

12 Months Ended

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

X

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