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Income tax (Tables) | 12 Months Ended
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Dec. 31, 2020
Income tax |
Schedule of income tax in consolidated statements of operations |
|  | 2020 |  | 2019 |  | 2018 |
Current year income tax expense |  | Ps. | (90,609) |  | Ps. | (281,491) |  | Ps. | (232,824) |
Deferred income tax benefit (expense) |  |  | 1,496,793 | (1) |  | (813,340) | (2) |  | 582,644 | (3)
Total income tax benefit (expense) |  | Ps. | 1,406,184 |  | Ps. | (1,094,831) |  | Ps. | 349,820 |
(1) Includes translation effect by Ps.2,035 (2) Includes translation effect by Ps.(2,278) (3) Includes translation effect by Ps.2,680
Schedule of income tax in consolidated statements of OCI |
|  | 2020 |  | 2019 |  | 2018
Deferred income tax related to items recognized in OCI during the year |  |  |  |  |  |  |  |  |
Net gain (loss) cash flow hedges |  | Ps. | 46,835 |  | Ps. | (74,820) |  | Ps. | 85,107
Remeasurement (loss) gain of employee benefits |  |  | 794 |  |  | 3,058 |  |  | (1,797)
Deferred income tax charged to OCI |  | Ps. | 47,629 |  | Ps. | (71,762) |  | Ps. | 83,310
Schedule of reconciliation of corporate income tax rate to effective tax rate |
|  | 2020 |  | 2019 |  | 2018 |
Statutory income tax rate |  | 30.00 | % | 30.00 | % | 30.00 | %
Amendment tax return effects and other tax adjustments |  | 0.92 | % | (0.51) | % | 0.05 | %
Inflation on furniture, intangible and equipment |  | 0.29 | % | (0.48) | % | 2.08 | %
Inflation of tax losses |  | 0.23 | % | (0.21) | % | 1.16 | %
Foreign countries difference with Mexican statutory rate |  | (0.06) | % | 0.11 | % | (0.02) | %
Annual inflation adjustment |  | (0.91) | % | (0.05) | % | 0.26 | %
Unrecorded deferred taxes on tax losses |  | (1.29) | % | 0.27 | % | (3.96) | %
Non-deductible expenses |  | (4.51) | % | 0.19 | % | (2.51) | %
|  | 24.67 | % | 29.32 | % | 27.06 | %
Schedule of consolidated deferred taxes |
|  | 2020 |  | 2019
|  | Consolidated |  | Consolidated |  | Consolidated |  | Consolidated
|  | statement of |  | statement of |  | statement of |  | statement of
|  | financial position |  | operations |  | financial position |  | operations
Deferred income tax assets: |  |  |  |  |  |  |  |  |  |  |  |
Lease liability |  | Ps. | 13,239,254 |  | Ps. | 1,084,140 |  | Ps. | 12,155,114 |  | Ps. | 313,137
Unearned transportation revenue |  |  | 1,233,661 |  |  | 436,598 |  |  | 797,063 |  |  | 61,708
Extension lease agreement |  |  | 773,443 |  |  | 314,100 |  |  | 459,343 |  |  | (137,639)
Tax losses available for offsetting against future taxable income |  |  | 576,422 |  |  | 272,452 |  |  | 303,970 |  |  | (5,350)
Intangible |  |  | 420,908 |  |  | (25,941) |  |  | 446,849 |  |  | (13,741)
Allowance for doubtful accounts |  |  | 61,565 |  |  | 47,476 |  |  | 14,089 |  |  | 9,187
Employee benefits |  |  | 15,191 |  |  | 2,934 |  |  | 11,463 |  |  | 2,958
Financial instruments |  |  | 7,948 |  |  | (22) |  |  | (38,865) |  |  | —
Employee profit sharing |  |  | 4,323 |  |  | (2,904) |  |  | 7,227 |  |  | 2,734
Provisions |  |  | (91,253) |  |  | (442,598) |  |  | 351,345 |  |  | 60,655
Non derivative financial instruments |  |  | (473,242) |  |  | (477,471) |  |  | 4,229 |  |  | 4,229
|  |  | 15,768,220 |  |  | 1,208,764 |  |  | 14,511,827 |  |  | 297,878
Deferred income tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Right of use asset |  |  | 10,292,753 |  |  | 55,824 |  |  | 10,236,929 |  |  | 672,311
Supplemental rent |  |  | 1,878,865 |  |  | 171,916 |  |  | 1,706,949 |  |  | 111,430
Rotable spare parts, furniture and equipment, net |  |  | 707,092 |  |  | (177,384) |  |  | 884,476 |  |  | 239,452
Inventories |  |  | 83,402 |  |  | (6,885) |  |  | 90,287 |  |  | 1,392
Other prepayments |  |  | 9,786 |  |  | (17,942) |  |  | 27,728 |  |  | (4,329)
Prepaid expenses and other assets |  |  | (132,462) |  |  | (311,523) |  |  | 179,061 |  |  | 88,683
|  |  | 12,839,436 |  |  | (285,994) |  |  | 13,125,430 |  |  | 1,108,939
|  | Ps. | 2,928,784 |  | Ps. | 1,494,758 |  | Ps. | 1,386,397 |  | Ps. | (811,061)
Schedule of components of deferred taxes in the consolidated statement of financial position |
|  | 2020 |  | 2019
Deferred tax assets |  | Ps. | 3,128,555 |  | Ps. | 1,542,536
Deferred tax liabilities |  |  | (199,771) |  |  | (156,139)
Deferred tax assets, net |  | Ps. | 2,928,784 |  | Ps. | 1,386,397
Schedule of reconciliation of deferred tax liability, net |
|  | 2020 |  | 2019
Opening balance as of January 1, |  | Ps. | 1,386,397 |  | Ps. | 2,269,220
Deferred income tax (expense) benefit during the current year recorded on profits |  |  | 1,494,758 |  |  | (811,061)
Deferred income tax (expense) benefit during the current year recorded in accumulated other comprehensive income (loss) |  |  | 47,629 |  |  | (71,762)
Closing balance as of December 31, |  | Ps. | 2,928,784 |  | Ps. | 1,386,397
Schedule of available tax carry-forwards | An analysis of the available tax losses carry-forward of the Company at December 31, 2020 is as follows:
Year |  | Historical |  | Adjusted |  |  |  |  | Total remaining |  | Year of
of loss |  | loss |  | tax loss |  | Utilized |  | amount |  | expiration
2017 |  | Ps. | 1,067,836 |  | Ps. | 1,206,232 |  | Ps. | 217,393 |  | Ps. | 988,839 |  | 2027
2018 |  |  | 92,604 |  |  | 92,604 |  |  | 78,849 |  |  | 13,755 |  | 2021
2019 |  |  | 4,922 |  |  | 5,186 |  |  | — |  |  | 5,186 |  | 2029
2020 |  |  | 863,847 |  |  | 878,533 |  |  | — |  |  | 878,533 |  | 2030
2020 |  |  | 55,751 |  |  | 55,751 |  |  | — |  |  | 55,751 |  | 2023
|  | Ps. | 2,084,960 |  | Ps. | 2,238,306 |  | Ps. | 296,242 |  | Ps. | 1,942,064 |  |
A breakdown of available tax loss carry-forward of Controladora and its subsidiaries at December 31, 2020 is as follows:
|  | Historical |  | Adjusted |  |  |  |  | Total |
|  | loss |  | tax loss |  | Utilized |  | remaining amount |
Comercializadora |  | Ps. | 42,777 |  | Ps. | 43,685 |  | Ps. | — |  | Ps. | 43,685 |
Concesionaria |  |  | 1,875,180 |  |  | 2,027,302 |  |  | 217,393 |  |  | 1,809,909 |
Operaciones Volaris |  |  | 18,648 |  |  | 18,965 |  |  | — |  |  | 18,965 |
Vuela Aviación |  |  | 148,355 |  |  | 148,354 |  |  | 78,849 |  |  | 69,505 |
|  | Ps. | 2,084,960 |  | Ps. | 2,238,306 |  | Ps. | 296,242 |  | Ps. | 1,942,064 |
Unrecognized NOLs |  |  |  |  |  |  |  |  |  |  |  | 20,657 |
|  |  |  |  |  |  |  |  |  |  | Ps. | 1,921,407 |
Tax rate |  |  |  |  |  |  |  |  |  |  |  | 30 | %
Deferred income tax |  |  |  |  |  |  |  |  |  |  | Ps. | 576,422 |
Schedule of tax balances |
|  | 2020
Adjusted contributed capital account (Cuenta de capital de aportación or “CUCA”) |  | Ps. | 4,607,752
CUFIN* |  |  | 3,241,275
*The calculation comprises all the subsidiaries of the Company.

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