Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases

v3.21.1
Leases
 12 Months Ended
Jan. 03, 2021
Disclosure of leases [text block] [Abstract]  
Leases
13. Leases

Right of use assets, net


The Group leases a fleet of cars for its sales staff and qualified employees with different expiration dates, as well as computers and servers being the latest expiration date in April 2025. Those leases were recorded as right of use assets as follows:


    As of
January 1,
2019		     Additions     Disposals     As of
December 31,
2019		  
                                 
Cost   Ps. 36,909           -           -       36,909  

    As of
January 1,
2019		     Depreciation
expense		     Eliminated
on disposals		     As of
December 31,
2019		  
                                 
Accumulated depreciation   Ps.       -       (13,098 )          -       (13,098 )

    As of
December 31,
2019		     Additions     Disposals     As of
January 3,
2021		  
                                 
Cost   Ps. 36,909       20,531       (17,861 )     39,579  

    As of
December 31,
2019		     Depreciation
expense		     Eliminated
on disposals		     As of
January 3,
2021		  
                                 
Accumulated depreciation   Ps. (13,098 )     (12,734 )     11,135       (14,697 )

As of January 3, 2021 and December 31, 2019, the Group has commitments derived from short-term lease contracts (see Note 27). During 2020, the Group entered into a master lease agreement for 311 computers and servers.


Lease liability


The lease liabilities as of January 3, 2021 and December 31, 2019 amounted Ps. 24,378 and Ps. 24,584.


The maturity analysis of total future minimum lease payments, including non-accrued interest, is as follows:


Year   Amount  
2021   Ps 8,727  
2022     7,880  
2023     5,941  
2024     2,711  
2025     2,711  
         
    Ps 27,970  

Interest expense generated from the lease liability amounted to Ps. 2,054 and Ps. 3,765 for the periods of 2020 and 2019, respectively.