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Income tax (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of income tax in consolidated statements of operations


	2021			2020			2019
Current year income tax expense	Ps.	(347,803)		Ps.	(90,609)		Ps.	(281,491)
Deferred income tax (expense) benefit		(246,125)	⁽¹⁾		1,496,793	⁽²⁾		(813,340)	⁽³⁾
Total income tax benefit (expense)	Ps.	(593,928)		Ps.	1,406,184		Ps.	(1,094,831)

⁽¹⁾ Includes translation effect by Ps. (2,015)

⁽²⁾ Includes translation effect by Ps.2,035

⁽³⁾ Includes translation effect by Ps. (2,278)

Schedule of income tax in consolidated statements of OCI


	2021		2020		2019
Deferred income tax related to items recognized in OCI during the year
Net (loss) gain cash flow hedges	Ps.	(5,655)	Ps.	46,835	Ps.	(74,820)
Remeasurement gain of employee benefits		2,850		794		3,058
Deferred income tax recognized in OCI	Ps.	(2,805)	Ps.	47,629	Ps.	(71,762)

Schedule of reconciliation of corporate income tax rate to effective tax rate


	2021	%		2020	%		2019	%
Statutory income tax rate	814,344	30.00	%	(1,709,992)	30.00	%	1,120,168	30.00	%
Amendment tax return effects and other tax adjustments	93	(0.01)	%	(53,192)	0.92	%	(18,770)	(0.51)	%
Inflation on furniture, intangible and equipment	(48,751)	(1.79)	%	(17,442)	0.29	%	(17,839)	(0.48)	%
Inflation of tax losses	(41,375)	(1.52)	%	(13,512)	0.23	%	(8,018)	(0.21)	%
Foreign countries difference with Mexican statutory rate	2,609	0.10	%	3,509	(0.06)	%	4,143	0.11	%
Annual inflation adjustment	(167,294)	(6.16)	%	51,768	(0.91)	%	(1,882)	(0.05)	%
Recorded deferred taxes on tax losses	(9,123)	(0.34)	%	74,597	(1.29)	%	10,025	0.27	%
Non-deductible expenses	43,425	1.60	%	258,080	(4.51)	%	7,004	0.19	%
	593,928	21.88	%	(1,406,184)	24.67	%	1,094,831	29.32	%

Schedule of consolidated deferred taxes

2021

2020

Consolidated

Consolidated

statement of

statement of

financial position

operations

financial position

operations

Deferred income tax assets:

Lease liability

Ps.

13,969,589

Ps.

730,335

Ps.

13,239,254

Ps.

1,084,140

Unearned transportation revenue

201,436

(1,032,225)

1,233,661

436,598

Extension lease agreement

1,073,547

300,104

773,443

314,100

Tax losses available for offsetting against future taxable income

100,472

(475,950)

576,422

272,452

Intangible

395,752

(25,156)

420,908

(25,941)

Allowance for doubtful accounts

131,486

69,921

61,565

47,476

Employee benefits

10,432

(7,609)

15,191

2,934

Derivative Financial instruments

2,293

—

7,948

(22)

Employee profit sharing

1,870

(2,453)

4,323

(2,904)

Non derivative financial instruments

—

473,242

(473,242)

(477,471)

15,886,877

30,209

15,859,473

1,651,362

Deferred income tax liabilities:

Right of use asset

9,552,956

(739,797)

10,292,753

55,824

Supplemental rent

1,303,975

(574,890)

1,878,865

171,916

Rotable spare parts, furniture and equipment, net

1,270,758

563,666

707,092

(177,384)

Provisions

539,911

448,658

91,253

442,598

Inventories

87,592

4,190

83,402

(6,885)

Other prepayments

22,907

13,121

9,786

(17,942)

Prepaid expenses and other assets

431,241

563,703

(132,462)

(311,523)

13,209,340

278,651

12,930,689

156,604

Ps.

2,677,537

Ps.

(248,442)

Ps.

2,928,784

Ps.

1,494,758

Schedule of components of deferred taxes in the consolidated statement of financial position


	2021		2020

Deferred tax assets	Ps.	2,907,879	Ps.	3,128,555
Deferred tax liabilities		(230,342)		(199,771)
Deferred tax assets, net	Ps.	2,677,537	Ps.	2,928,784

Schedule of reconciliation of deferred tax liability, net


	2021		2020
Opening balance as of January 1,	Ps.	2,928,784	Ps.	1,386,397
Deferred income tax (expense) benefit during the current year recorded on profits*		(248,442)		1,494,758
Deferred income tax (expense) benefit during the current year recorded in accumulated other comprehensive income (loss)		(2,805)		47,629
Closing balance as of December 31,	Ps.	2,677,537	Ps.	2,928,784

Schedule of available tax carry-forwards

An analysis of the available tax losses carry-forward of the Company at December 31, 2021 is as follows:


Year	Historical		Inflation adjusted				Total remaining		Year of
of loss	Loss		tax loss		Utilized		amount		expiration
2017	Ps.	1,067,836	Ps.	1,278,913	Ps.	1,278,913	Ps.	—	2027
2018		1,142		1,142		—		1,142	2021
2019		4,922		5,568		—		5,568	2029
2019		30,918		30,918		—		30,918	2022
2020		863,847		943,026		883,401		59,625	2030
2020		103,541		103,541		—		103,541	2023
2021		122,427		122,427		—		122,427	2031
2021		11,324		11,684		—		11,684	2024
	Ps.	2,205,957	Ps.	2,497,219	Ps.	2,162,314	Ps.	334,905

A breakdown of available tax loss carry-forward of Controladora and its subsidiaries on December 31, 2021 is as follows:

Historical

Inflation adjusted

Total

loss

tax loss

Utilized

remaining amount

Comercializadora

Ps.

54,101

Ps.

58,580

Ps.

—

Ps.

58,580

Concesionaria

1,875,180

2,160,330

—

Viajes Vuela

258,028

—

258,028

Vuela Aviación

18,648

20,281

1,984

18,297

Ps.

2,205,957

Ps.

2,497,219

Ps.

2,162,314

Ps.

334,905

Unrecognized NOLs

—

Ps.

334,905

Tax rate

Deferred income tax

Ps.

100,472

Schedule of tax balances


	2021
Adjusted contributed capital account (Cuenta de capital de aportación or “CUCA”)	Ps.	4,946,422
CUFIN*		4,151,805

^*The calculation comprises all the subsidiaries of the Company.