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

Employee Benefits (Tables)

v3.20.1
Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2019
Employee Benefits  
Schedule of net defined benefit liability and its components
  2019     2018  
             
Balance at January 1   Ps. 1,355       1,283  
                 
Included in profit or loss:                
Current service cost     424       441  
Interest cost     123       92  
                 
Net cost of the period     547       533  
                 
Included in OCI:                
Actuarial loss (gain)     (102 )     (165 )
Income tax effect     (26 )     (71 )
                 
Other:                
Benefits paid     (196 )     (225 )
                 
Balance as of December 31   Ps. 1,630       1,355  

 
Schedule of principal actuarial assumptions
  2019     2018     2017  
                   
Financial:                  
Future salary growth     6.6 %     4.8 %     4.5 %
Discount rate     7.1 %     9.2 %     7.4 %
                         
Demographic:                        
Number of employees     654       684       622  
Age average     35 years       35 years       36 years  
Longevity average     3 years       2 years       2 years  
Schedule of sensitivity analysis
    Effects at December 31, 2019     Effects at December 31, 2018  
             
Increase / decrease in the discount rate            
+0.50%   Ps. (127 )     (93 )
-0.50%     115       103