| Schedule of long-term debt |
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2021 |
|
2020 |
|
2019 |
Two-tranche sustainability bond, with maturities across 4 and 7 years, offered in the Mexican Market through the Bolsa Mexicana de Valores; the first offer of Ps.500,000 started paying interest at 5.15% plus 0.40% and for the monthly subsequent payments, the rate will be based on the 29-day TIIE rate issued by BANXICO plus 0.40%; the second offer of Ps.1,000,000 will pay interest semi-annually at a fixed rate of 8.35%, during the sustainability bond term. |
|
Ps. |
1,482,261 |
|
— |
|
— |
|
|
|
|
|
|
|
|
Innova Catálogos has a loan for financial support or "Emerging Plan for the protection of employment and income of people"; The loan was acquired at the beginning of 2021, for the amount of Ps.40, with maturity across 18 months, and monthly payments of Ps.2.2, this loan does not accrue interest, however in case of default, it will accrue interest at the rate of 24% on unpaid balances. |
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|
15 |
|
— |
|
— |
|
|
|
|
|
|
|
|
Secured credit line with Banamex, for up to Ps.400,000, bearing interest at the TIIE rate plus 260 basis points. Withdrawals from this secured credit line can be made during a 10-month period starting December 15, 2018, and are payable on a quarterly basis from December 17, 2019, up to December 18, 2025. This secured credit line was prepaid on August 31, 2021, with the proceeds from the sustainability bond. |
|
|
— |
|
373,333 |
|
135,209 |
|
|
|
|
|
|
|
|
Secured credit line with Banamex for up to Ps.195,000, bearing interest at the TIIE rate plus 295 basis points, payable on a quarterly basis from October 30, 2020, to December 30, 2025. This secured credit line was prepaid on August 31, 2021 with the proceeds from the sustainability bond. |
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|
— |
|
188,500 |
|
— |
|
|
|
|
|
|
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|
Credit line with BBVA for up to Ps.75,000 bearing interest at 7.5%, payable monthly from September 20, 2020, to August 31, 2023. This credit line was prepaid on August 31, 2021 with the proceeds from the sustainability bond. |
|
|
— |
|
64,721 |
|
— |
|
|
|
|
|
|
|
|
Credit line with MCRF P, S.A. de C.V. SOFOM, E.N.R. of Ps.600,000, bearing interest at a fixed rate of 13.10%. This credit line is payable on a quarterly basis starting May 15, 2019, through May 15, 2023. BLSM Latino América Servicios, S.A. de C.V., is a guarantor in this loan. |
|
|
— |
|
— |
|
516,597 |
|
|
|
|
|
|
|
|
Unsecured credit line with Banamex, for up to Ps. 80,000, bearing interest at the TIIE rate plus 285 basis points (renewable on a yearly basis). |
|
|
— |
|
— |
|
15,000 |
|
|
|
|
|
|
|
|
Interest payable |
|
Ps. |
28,109 |
|
3,323 |
|
10,907 |
|
|
|
|
|
|
|
|
Total debt |
|
|
1,510,385 |
|
629,877 |
|
677,713 |
|
|
|
|
|
|
|
|
Less: Current portion |
|
|
28,124 |
|
105,910 |
|
148,070 |
|
|
|
|
|
|
|
|
Long-term debt |
|
Ps. |
1,482,261 |
|
523,967 |
|
529,643 |
|
| Schedule of cash flows arising from financing activities |
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Derivative |
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|
Long-term debt |
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|
|
financial |
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and borrowings |
|
Interest payable |
|
instruments, net |
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|
|
|
|
|
|
|
Balance as of January 01, 2019 |
|
Ps. |
620,164 |
|
11,227 |
|
16,629 |
Changes that represent cash flows - |
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|
|
|
|
|
|
Loans obtained |
|
|
104,500 |
|
— |
|
— |
Restricted cash(1) |
|
|
22,940 |
|
— |
|
— |
Payments |
|
|
(82,996) |
|
(95,033) |
|
— |
|
|
|
|
|
|
|
|
Changes that do not represent cash flows - |
|
|
|
|
|
|
|
Interest expense |
|
|
— |
|
85,429 |
|
— |
Borrowing costs capitalized in PP&E |
|
|
— |
|
9,284 |
|
— |
Valuation effects of derivative financial instruments |
|
|
— |
|
— |
|
15,680 |
Amortization of commissions and debt issuance costs |
|
|
2,198 |
|
— |
|
— |
|
|
|
|
|
|
|
|
Balance as of December 31, 2019 |
|
Ps. |
666,806 |
|
10,907 |
|
32,309 |
Changes that represent cash flows - |
|
|
|
|
|
|
|
Loans obtained |
|
|
1,712,207 |
|
— |
|
— |
Restricted cash(1) |
|
|
(42,915) |
|
— |
|
— |
Payments |
|
|
(1,757,112) |
|
(121,297) |
|
— |
|
|
|
|
|
|
|
|
Changes that do not represent cash flows - |
|
|
|
|
|
|
|
Interest expense |
|
|
— |
|
80,253 |
|
— |
Borrowing costs capitalized in PP&E |
|
|
— |
|
33,460 |
|
— |
Valuation effects of derivative financial instruments |
|
|
— |
|
— |
|
287,985 |
Amortization of commissions and debt issuance costs |
|
|
4,653 |
|
— |
|
— |
|
|
|
|
|
|
|
|
Balances as of January 03, 2021 |
|
Ps. |
583,639 |
|
3,323 |
|
320,294 |
Changes that represent cash flows - |
|
|
|
|
|
|
|
Loans obtained |
|
|
1,520,000 |
|
— |
|
— |
Restricted cash(1) |
|
|
42,915 |
|
— |
|
— |
Payments |
|
|
(646,716) |
|
(49,123) |
|
(18,172) |
Bond issuance costs |
|
|
(18,931) |
|
— |
|
— |
Changes that do not represent cash flows - |
|
|
|
|
|
|
|
Interest expense |
|
|
— |
|
73,909 |
|
— |
Control obtained over subsidiaries |
|
|
177 |
|
|
|
|
Amortization of commissions and debt issuance cost |
|
|
1,192 |
|
— |
|
— |
Valuation effects of derivative financial instruments |
|
|
— |
|
— |
|
(330,315) |
Balance as of December 31, 2021 |
|
Ps. |
1,482,276 |
|
28,109 |
|
(28,193) |
| (1) |
Balances in column “Long-term debt” in the table above, are netted with restricted cash balances on 2020 period.
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