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Share-based payments (Tables)

12 Months Ended

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.

X

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Additional information about share-based payment arrangements necessary to satisfy the disclosure requirements of IFRS 2. [Refer: Share-based payment arrangements [member]]

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