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Share-based payments (Tables)

12 Months Ended

Dec. 31, 2020

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, 2018		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
Purchased during the year		3,159,763
Granted during the year		—
Exercised/vested during the year		(2,142,426)
Forfeited during the year		(327,217)
Outstanding as of December 31, 2020		5,805,311	*

* These shares are presented as treasury shares in the consolidated statement of financial position as of December 31, 2020, 2019 and 2018.

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, 2018		Ps.	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			5.31			40,668
Granted during the year			—			—			—
Forfeited during the year			—			—			—
Exercised during the year			—			—			—
Outstanding as of December 31, 2020		Ps.	7,653,981		Ps.	5.31		Ps.	40,668

Schedule of retention plan (benefit) expenses recognized

		2020			2019			2018
Expense (benefit) arising from cash-settled share-based payments transactions		Ps.	105,303		Ps.	40,724		Ps.	(5,238)
Expense arising from equity-settled share-based payments transactions			75,040			49,659			19,980
Total expense arising from share-based payments transactions		Ps.	180,343		Ps.	90,383		Ps.	14,742

Share purchase plan

Share-based payments

Schedule of vesting period of shares granted

Number of Series A
shares		Vesting period
2,979,412		November 2020 – 2021
1,819,440		November 2021 – 2022
1,006,459		November 2022 – 2023
5,805,311

MIP II

Share-based payments

Schedule of vesting period of shares granted

Number of SARs		Vesting date
3,391,020		February 2021
3,391,020	*

* Includes forfeited SARs of 0,0 and 1,563,520, for the years ended December 31, 2020, 2019 and 2018, respectively.

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