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, 2019
Cash and Cash Equivalents [Abstract]  
Cash and cash equivalents

5. Cash and cash equivalents


        2019     2018  
Cash on hand in banks     Ps. 96,008       46,445  
Time deposits         117,689       130,938  
      Ps. 213,697       177,383  


As of December 31, 2018, cash and cash equivalents balance excluded an amount of Ps. 22,088 of restricted cash derived from the credit with MCRF P, S.A. de C.V. SOFOM, E.N.R. The amount equaled one quarter of the interest accrued under the credit agreement (see Note 15) and was presented as non-current asset in the combined statement of financial position (see Note 9) and under financing activities in the combined statements of cash flows. As of December 31, 2019, there was no restricted cash as the bank waived the covenant for the remaining period of the loan.