Borrowings (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Borrowings Tables Abstract |
|
| Schedule of long-term debt |
|
|
|
|
2019 |
|
|
2018 |
|
| Line of credit 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 line of credit 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. |
|
|
|
Ps. |
516,597 |
|
|
|
592,252 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Secured line of credit with Banamex, for up to Ps. 400,000, bearing interest at the TIIE rate plus 317 basis point. Withdrawals from this line of credit 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. |
|
|
|
|
135,209 |
|
|
|
50,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Unsecured line of credit with Banamex, for up to Ps. 80,000, bearing interest at the TIIE rate plus 275 basis points (renewable on a yearly basis). |
|
|
|
|
15,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
| Unsecured line of credit with Banamex, for up to US$ 1,800, bearing interest at LIBOR rate plus 300 basis point. Maturity was on March 31, 2018. |
|
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
| Interest payable |
|
|
|
|
10,907 |
|
|
|
11,227 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total debt |
|
|
|
|
677,713 |
|
|
|
653,479 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Less: Current portion |
|
|
|
|
148,070 |
|
|
|
90,691 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
Ps. |
529,643 |
|
|
|
562,788 |
|
|
| Schedule of cash flows arising from financing activities |
| |
|
|
|
Long-term
debt |
|
|
Interest
payable |
|
|
Derivative
financial
instruments, net |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Balances as of January 1, 2018 (1) |
|
|
|
Ps. |
607,250 |
|
|
|
10,043 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes that represent cash flows - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans obtained |
|
|
|
|
50,667 |
|
|
|
- |
|
|
|
- |
|
| Restricted cash |
|
|
|
|
(2,001 |
) |
|
|
- |
|
|
|
- |
|
| Payments |
|
|
|
|
(36,829 |
) |
|
|
(85,159 |
) |
|
|
- |
|
| Commissions and debt issuance cost |
|
|
|
|
(667 |
) |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes that do not represent cash flows - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
- |
|
|
|
86,343 |
|
|
|
- |
|
| Valuation effects of derivative financial instruments |
|
|
|
|
- |
|
|
|
- |
|
|
|
16,629 |
|
| Amortization of commissions and debt issuance cost |
|
|
|
|
1,744 |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balances as of December 31, 2018 (1) |
|
|
|
Ps. |
620,164 |
|
|
|
11,227 |
|
|
|
16,629 |
|
| Changes that represent cash flows - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans obtained |
|
|
|
|
104,500 |
|
|
|
- |
|
|
|
- |
|
| Restricted cash |
|
|
|
|
22,940 |
|
|
|
- |
|
|
|
- |
|
| Payments |
|
|
|
|
(82,996 |
) |
|
|
(76,465 |
) |
|
|
- |
|
| Commissions and debt issuance cost |
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes that do not represent cash flows - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
- |
|
|
|
85,429 |
|
|
|
- |
|
| Borrowing costs capitalized on PP&E |
|
|
|
|
- |
|
|
|
(9,284 |
) |
|
|
|
|
| Valuation effects of derivative financial instruments |
|
|
|
|
- |
|
|
|
- |
|
|
|
15,680 |
|
| Amortization of commissions and debt issuance cost |
|
|
|
|
2,198 |
|
|
|
- |
|
|
|
- |
|
| Balances as of December 31, 2019 |
|
|
|
Ps. |
666,806 |
|
|
|
10,907 |
|
|
|
32,309 |
|
|
(1) |
Balances
in column "Long-term debt", are presented net of restricted cash balances
as of December 31, 2018. See Note 5 for details about restricted cash. |
|
| Schedule of long-term debt maturities |
| Year |
|
|
|
Amount |
|
| |
|
|
|
|
|
| 2021 |
|
|
|
Ps. |
185,447 |
|
| 2022 |
|
|
|
|
169,312 |
|
| 2023 |
|
|
|
|
245,343 |
|
| 2024 |
|
|
|
|
23,611 |
|
| 2025 |
|
|
|
|
54,000 |
|
| |
|
|
|
Ps. |
677,713 |
|
|