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Share-based payments (Tables)

12 Months Ended

Dec. 31, 2018

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	*
Purchased during the year		3,208,115
Granted during the year		—
Exercised/vested during the year		(353,457)
Forfeited during the year		(121,451)
Outstanding as of December 31, 2018		3,553,295	*

*These shares are presented as treasury shares in the consolidated statement of financial position as of December 31, 2018, 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

							Total in
		Number of share		Exercise price			thousands of
		options		in Mexican pesos			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
Granted during the year		—			—			—
Forfeited during the year		—			—			—
Exercised during the year		(2,003,876)			5.31			(10,654)
Outstanding as of December 31, 2018		10,433,981		Ps.	5.31		Ps.	55,441

Schedule of retention plan expenses recognized

		2018			2017			2016
(Benefit) expense arising from cash-settled share-based payments transactions		Ps.	(5,238)		Ps.	(25,498)		Ps.	86,100
Expense arising from equity-settled share-based payments transactions			19,980			13,508			7,816
Total expense (benefit) arising from share-based payments transactions		Ps.	14,742		Ps.	(11,990)		Ps.	93,916

Share purchase plan

Share-based payments

Schedule of vesting period of shares granted

Number of Series A
shares		Vesting period
1,284,373		November 2018 - 2019
1,207,862		November 2019 - 2020
1,061,060		November 2020 - 2021
3,553,295

SARs - cash settled

Share-based payments

Schedule of vesting period of shares granted

Number of SARs		Exercisable date
1,348,777		November 2019
757,809		November 2020
2,106,586	*

MIP II

Share-based payments

Schedule of vesting period of shares granted

Number of SARs		Vesting date
1,695,500		February 2019
2,825,840		February  2020
3,391,020		February  2021
7,912,360	*

* Includes forfeited SARs of 1,563,520,  0, and 0, for the years ended December 31, 2018, 2017 and 2016, respectively.

X

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