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

Cash and cash equivalents

Cash and cash equivalents
12 Months Ended
Dec. 31, 2022
Disclosure Of Cash And Cash Equivalents Text Block Abstract  
Cash and cash equivalents
5. Cash and cash equivalents


    2022     2021     2020  
Cash on hand in banks   Ps. 367,076       951,092       629,146  
Time deposits     448,568       224,106       20,674  
    Ps. 815,644       1,175,198       649,820  


As of December 31, 2022 and 2021 the Group did not maintain restricted cash.


As of January 3, 2021, cash and cash equivalents balance excluded an amount of Ps.42,915 of restricted cash derived from the guarantee of some forwards which were due between May and August 2021, which was presented as a current asset in the consolidated statement of financial position, since it did not complied with the characteristics of readily convertible to cash (see note 9) and under investing activities in the consolidated statements of cash flows.