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Share-based payments (Tables) | 12 Months Ended
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Dec. 31, 2019
Share-based payments |
Schedule of movement in number of shares under share purchase payment plans |
|  | Number of Series A |
|  | shares |
Outstanding as of January 1st, 2017 |  | 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 | *
Purchased during the year |  | 2,694,600 |
Granted during the year |  | — |
Exercised/vested during the year |  | (959,614) |
Forfeited during the year |  | (173,090) |
Outstanding as of December 31, 2019 |  | 5,115,191 | *
* These shares are presented as treasury shares in the consolidated statement of financial position as of December 31, 2019, 2018 and 2017.
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, 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
Granted during the year |  | — |  |  | — |  |  | —
Forfeited during the year |  | — |  |  | — |  |  | —
Exercised during the year |  | (2,780,000) |  |  | 5.31 |  |  | (14,773)
Outstanding as of December 31, 2019 |  | 7,653,981 |  | Ps. | 5.31 |  | Ps. | 40,668
Schedule of retention plan (benefit) expenses recognized |
|  | 2019 |  | 2018 |  | 2017
(Benefit) expense arising from cash-settled share-based payments transactions |  | Ps. | 40,724 |  | Ps. | (5,238) |  | Ps. | (25,498)
Expense arising from equity-settled share-based payments transactions |  |  | 49,659 |  |  | 19,980 |  |  | 13,508
Total expense (benefit) arising from share-based payments transactions |  | Ps. | 90,383 |  | Ps. | 14,742 |  | Ps. | (11,990)
Share purchase plan |
Share-based payments |
Schedule of vesting period of shares granted |
Number of Series A |  |
shares |  | Vesting period
2,211,269 |  | November 2019 – 2020
2,005,716 |  | November 2020 – 2021
898,206 |  | November 2021 – 2022
5,115,191 |  |
SARs - cash settled |
Share-based payments |
Schedule of vesting period of shares granted |
Number of SARs |  | Exercisable date
725,193 |  | November 2020
725,193 | * |
MIP II |
Share-based payments |
Schedule of vesting period of shares granted |
Number of SARs |  | Vesting date
2,825,840 |  | February 2020
3,391,020 |  | February 2021
6,216,860 | * |
* Includes forfeited SARs of 0,1,563,520 and 0, for the years ended December 31, 2019, 2018 and 2017, respectively.

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