XML 121 R55.htm IDEA: XBRL DOCUMENT
v3.20.1

Income tax (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income tax |
Schedule of income tax in consolidated statements of operations |
|  | 2019 |  | 2018 |  | 2017 |
Current year income tax expense |  | Ps. | (281,491) |  | Ps. | (232,824) |  | Ps. | (51,313) |
Deferred income tax (expense) benefit |  |  | (813,340) | (1) |  | 582,644 | (2) |  | (186,273) | (3)
Total income tax (expense) benefit |  | Ps. | (1,094,831) |  | Ps. | 349,820 |  | Ps. | (237,586) |
(1) Includes translation effect by Ps.(2,278) (2) Includes translation effect by Ps.2,680 (3) Includes translation effect by Ps.936
Schedule of income tax in consolidated statements of OCI |
|  | 2019 |  | 2018 |  | 2017
Deferred tax related to items recognized in OCI during the year |  |  |  |  |  |  |  |  |
Net (loss) gain on cash flow hedges |  | Ps. | (74,820) |  | Ps. | 85,107 |  | Ps. | 12,017
Remeasurement gain (loss) of employee benefits |  |  | 3,058 |  |  | (1,797) |  |  | 533
Deferred tax charged to OCI |  | Ps. | (71,762) |  | Ps. | 83,310 |  | Ps. | 12,550
Schedule of reconciliation of corporate income tax rate to effective tax rate |
|  | 2019 |  | 2018 |  | 2017 |
Statutory income tax rate |  | 30.00 | % | 30.00 | % | 30.00 | %
Non-deductible expenses |  | 0.19 | % | (2.51) | % | 5.71 | %
Unrecorded deferred taxes on tax losses |  | 0.27 | % | (3.96) | % | 21.31 | %
Foreign countries difference with Mexican statutory rate |  | 0.11 | % | (0.02) | % | 0.48 | %
Inflation of tax losses |  | (0.21) | % | 1.16 | % | (2.20) | %
Amendment tax return effects and other tax adjustments |  | (0.51) | % | 0.05 | % | 3.78 | %
Inflation on furniture, intangible and equipment |  | (0.48) | % | 2.08 | % | (7.19) | %
Annual inflation adjustment |  | (0.05) | % | 0.26 | % | (5.87) | %
|  | 29.32 | % | 27.06 | % | 46.02 | %
Schedule of consolidated deferred taxes |
|  | 2019 |  | 2018 |  | 2017
|  | Consolidated |  |  |  |  | Consolidated |  |  |  |  | Consolidated |  |  |
|  | statement of |  | Consolidated |  | statement of |  | Consolidated |  | statement of |  | Consolidated
|  | financial |  | statement of |  | financial |  | statement of |  | financial |  | statement of
|  | position |  | operations |  | position |  | operations |  | position |  | operations
|  |  |  |  |  |  |  | Adjusted |  | Adjusted
Deferred income tax assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lease liability |  | Ps. | 12,155,114 |  | Ps. | 313,137 |  | Ps. | 11,841,977 |  | Ps. | 2,108,422 |  | Ps. | 9,733,555 |  | Ps. | (59,235)
Unearned transportation revenue |  |  | 797,063 |  |  | 61,708 |  |  | 735,355 |  |  | 699,414 |  |  | 35,941 |  |  | (29,814)
Extension lease agreement |  |  | 459,343 |  |  | (137,639) |  |  | 596,982 |  |  | 82,421 |  |  | 514,562 |  |  | 113,443
Intangible |  |  | 446,849 |  |  | (13,741) |  |  | 460,590 |  |  | (2,621) |  |  | 463,211 |  |  | (18,415)
Provisions |  |  | 351,345 |  |  | 60,655 |  |  | 290,690 |  |  | (4,175) |  |  | 294,865 |  |  | (48,439)
Tax losses available for offsetting against future taxable income |  |  | 303,970 |  |  | (5,350) |  |  | 309,320 |  |  | (33,759) |  |  | 343,079 |  |  | 309,758
Allowance for doubtful accounts |  |  | 14,089 |  |  | 9,187 |  |  | 4,902 |  |  | (2,422) |  |  | 7,324 |  |  | 433
Employee benefits |  |  | 11,463 |  |  | 2,958 |  |  | 5,446 |  |  | 1,456 |  |  | 5,786 |  |  | 1,222
Employee profit sharing |  |  | 7,227 |  |  | 2,734 |  |  | 4,493 |  |  | 1,777 |  |  | 2,716 |  |  | (490)
Non derivative financial instruments |  |  | 4,229 |  |  | 4,229 |  |  | — |  |  | — |  |  | — |  |  | —
Financial instruments |  |  | (38,865) |  |  | — |  |  | 35,956 |  |  | — |  |  | (49,151) |  |  | —
|  |  | 14,511,827 |  |  | 297,878 |  |  | 14,285,711 |  |  | 2,850,513 |  |  | 11,351,888 |  |  | 268,463
Deferred income tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Right of use asset| |  |  | 10,236,929 |  |  | 672,311 |  |  | 9,564,618 |  |  | 2,096,458 |  |  | 7,468,160 |  |  | 354,352
Supplemental rent |  |  | 1,706,949 |  |  | 111,430 |  |  | 1,595,519 |  |  | 32,156 |  |  | 1,563,363 |  |  | 223,753
Rotable spare parts, furniture and equipment, net |  |  | 884,476 |  |  | 239,452 |  |  | 645,024 |  |  | 168,107 |  |  | 476,917 |  |  | 108,890
Prepaid expenses and other assets |  |  | 179,061 |  |  | 88,683 |  |  | 90,378 |  |  | (25,686) |  |  | 116,064 |  |  | (239,586)
Inventories |  |  | 90,287 |  |  | 1,392 |  |  | 88,895 |  |  | 726 |  |  | 88,169 |  |  | 15,286
Other prepayments |  |  | 27,728 |  |  | (4,329) |  |  | 32,057 |  |  | (1,212) |  |  | 33,269 |  |  | (7,023)
|  |  | 13,125,430 |  |  | 1,108,939 |  |  | 12,016,491 |  |  | 2,270,549 |  |  | 9,745,942 |  |  | 455,672
|  | Ps. | 1,386,397 |  | Ps. | (811,061) |  | Ps. | 2,269,220 |  | Ps. | 579,964 |  | Ps. | 1,605,946 |  | Ps. | (187,209)
Schedule of components of deferred taxes in the consolidated statement of financial position |
|  | 2019 |  | 2018 |  | 2017
Deferred tax assets |  | Ps. | 1,542,536 |  | Ps. | 3,392,240 |  | Ps. | 3,222,228
Deferred tax liabilities |  |  | (156,139) |  |  | (1,123,020) |  |  | (1,616,282)
Deferred tax assets, net |  | Ps. | 1,386,397 |  | Ps. | 2,269,220 |  | Ps. | 1,605,946
Schedule of reconciliation of deferred tax liability, net |
|  | 2019 |  | 2018 |  | 2017
Opening balance as of January 1, |  | Ps. | 2,269,220 |  | Ps. | 1,605,946 |  | Ps. | 1,780,605
Deferred income tax (expense) benefit during the current year recorded on profits |  |  | (811,061) |  |  | 579,964 |  |  | (187,209)
Deferred income tax (expense) benefit during the current year recorded in accumulated other comprehensive income (loss) |  |  | (71,762) |  |  | 83,310 |  |  | 12,550
Closing balance as of December 31, |  | Ps. | 1,386,397 |  | Ps. | 2,269,220 |  | Ps. | 1,605,946
Schedule of available tax carry-forwards | An analysis of the available tax losses carry-forward of the Company at December 31, 2019 is as follows:
Year |  | Historical |  | Adjusted |  |  |  |  | Total remaining |  | Year of
of loss |  | loss |  | tax loss |  | Utilized |  | amount |  | expiration
2016 |  | Ps. | 26,658 |  | Ps. | 26,658 |  | Ps. | 26,658 |  | Ps. | — |  | 2019
2017 |  |  | 228,413 |  |  | 228,413 |  |  | 88,752 |  |  | 139,661 |  | 2020
2017 |  |  | 1,068,498 |  |  | 1,176,068 |  |  | 218,110 |  |  | 957,958 |  | 2027
2018 |  |  | 170,049 |  |  | 170,049 |  |  | — |  |  | 170,049 |  | 2021
2018 |  |  | 3,192 |  |  | 3,299 |  |  | 3,299 |  |  | — |  | 2028
2019 |  |  | 50,246 |  |  | 50,246 |  |  | — |  |  | 50,246 |  | 2024
2019 |  |  | 4,922 |  |  | 5,028 |  |  | — |  |  | 5,028 |  | 2029
|  | Ps. | 1,551,978 |  | Ps. | 1,659,761 |  | Ps. | 336,819 |  | Ps. | 1,322,942 |  |
A breakdown of available tax loss carry-forward of Controladora and its subsidiaries at December 31, 2019 is as follows:
|  | Historical |  | Adjusted |  |  |  |  | Total |
|  | loss |  | tax loss |  | Utilized |  | remaining amount |
Comercializadora |  | Ps. | 4,922 |  | Ps. | 5,028 |  | Ps. | — |  | Ps. | 5,028 |
Concesionaria |  |  | 1,067,836 |  |  | 1,175,351 |  |  | 217,393 |  |  | 957,958 |
Operaciones Volaris |  |  | 3,853 |  |  | 4,016 |  |  | 4,016 |  |  | — |
Vuela Aviación |  |  | 475,367 |  |  | 475,366 |  |  | 115,410 |  |  | 359,956 |
|  | Ps. | 1,551,978 |  | Ps. | 1,659,761 |  | Ps. | 336,819 |  | Ps. | 1,322,942 |
Unrecognized NOLs |  |  |  |  |  |  |  |  |  |  |  | (309,710) |
|  |  |  |  |  |  |  |  |  |  | Ps. | 1,013,232 |
Tax rate |  |  |  |  |  |  |  |  |  |  |  | 30 | %
Deferred income tax |  |  |  |  |  |  |  |  |  |  | Ps. | 303,970 |
Schedule of tax balances |
|  | 2019
Adjusted contributed capital account (Cuenta de capital de aportación or “CUCA”) |  | Ps. | 4,028,022
CUFIN* |  |  | 3,847,209
*The calculation comprises all the subsidiaries of the Company.

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2019-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2019-en-r&anchor=para_81_g&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum: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

X
- Definition Tabular disclosure of components of deferred taxes reflected in the consolidated statement of financial position. + References No definition available. + Details
Name: | vlrs_DisclosureOfComponentsOfDeferredTaxesInFinancialPositionTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax account balances, including but not limited to, "CUCA" and "CUFIN". + References No definition available. + Details
Name: | vlrs_DisclosureOfTaxAccountBalancesTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax loss carry-forward. + References No definition available. + Details
Name: | vlrs_DisclosureOfTaxLossCarryforwardTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References No definition available. + Details
Name: | vlrs_IfrsScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
Name: | vlrs_IfrsScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations reflected in other comprehensive income. + References No definition available. + Details
Name: | vlrs_ScheduleOfComponentsOfIncomeTaxExpenseBenefitInOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration