GRUPO TMM SAB | CIK:0001163560 | 3

  • Filed: 5/7/2018
  • Entity registrant name: GRUPO TMM SAB (CIK: 0001163560)
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    13
    Property, vessels and equipment
     
    Property, vessels and equipment at December 31, 2017 and 2016 are summarized as follows:
     
      
    2017
    		 
      
    Net balances
    at year start
    		  
    Additions
    		  
    Disposals
    		  
    Transfers
    and others
    		   
    Depreciation
    /impairment
    		   
    Net balances
    at year end
    		  
    Estimated
    useful
    lives
    (years)
    		 
                            
    Vessels
    		 
    $
    8,028,276
    		  
    $
    99
    		  
    $
    2,113
    		  
    $
    (6,424,674
    )
    (a)
    		 
    $
    483,338
    		 
    (b)
    		 
    $
    1,118,250
    		   
    25
    		 
    Shipyard
    		  
    363
    		   
    -
    		   
    -
    		   
    -
    		    
    45
    		    
    318
    		   
    40
    		 
    Major vessel maintenance
    		  
    4,457
    		   
    62,172
    		   
    -
    		   
    (1,266
    )
    		   
    52,755
    		    
    12,608
    		   
    2.5
    		 
    Buildings and facilities
    		  
    253,396
    		   
    -
    		   
    -
    		   
    -
    		    
    11,192
    		    
    242,204
    		  
    20and 25
    		 
    Warehousing equipment
    		  
    1,242
    		   
    -
    		   
    -
    		   
    -
    		    
    595
    		    
    647
    		   
    10
    		 
    Computer equipment
    		  
    794
    		   
    272
    		   
    -
    		   
    -
    		    
    510
    		    
    556
    		  
    3 and 4
    		 
    Terminal equipment
    		  
    3,319
    		   
    425
    		   
    -
    		   
    4,118
    		    
    977
    		    
    6,885
    		   
    10
    		 
    Ground transportation equipment
    		  
    4,203
    		   
    508
    		   
    -
    		   
    1,247
    		    
    2,207
    		    
    3,751
    		  
    4.5 and 10
    		 
    Other equipment
    		  
    9,556
    		   
    226
    		   
    -
    		   
    (67
    )
    		   
    2,074
    		    
    7,641
    		     
       
    8,305,606
    		   
    63,702
    		   
    2,113
    		   
    (6,420,642
    )
    		   
    553,693
    		    
    1,392,860
    		     
    Land
    		  
    1,060,661
    		   
    -
    		   
    41
    		   
    148,807
    		    
    25,000
    		    
    1,184,427
    		     
    Construction in progress
    		  
    198,605
    		   
    16,520
    		   
    13,127
    		   
    (155,750
    )
    		   
    -
    		    
    46,248
    		     
      
    $
    9,564,872
    		  
    $
    80,222
    		  
    $
    15,281
    		  
    $
    (6,427,585
    )
    		  
    $
    578,693
    		   
    $
    2,623,535
    		     
     
      
    2016
    		 
      
    Net balances
    at year start
    		  
    Additions
    		  
    Disposals
    		   
    Transfers
    and others
    		   
    Depreciation
    /impairment
    		   
    Net balances
    at year end
    		  
    Estimated
    useful
    lives
    (years)
    		 
                             
    Vessels
    		 
    $
    8,131,363
    		  
    $
    7,835
    		  
    $
    -
    		   
    $
    357,027
    		 
    (a)
    		 
    $
    467,949
    		 
    (b)
    		 
    $
    8,028,276
    		   
    25
    		 
    Shipyard
    		  
    423
    		   
    -
    		   
    -
    		    
    -
    		    
    60
    		    
    363
    		   
    40
    		 
    Major vessel maintenance
    		  
    53,547
    		   
    9,021
    		   
    -
    		    
    (208
    )
    		   
    57,903
    		    
    4,457
    		   
    2.5
    		 
    Buildings and facilities
    		  
    186,937
    		   
    11
    		   
    4,531
    		    
    80,593
    		 
    (c)
    		  
    9,614
    		    
    253,396
    		  
    20 and 25
    		 
    Warehousing equipment
    		  
    -
    		   
    63
    		   
    -
    		    
    2,076
    		    
    897
    		    
    1,242
    		   
    10
    		 
    Computer equipment
    		  
    552
    		   
    254
    		   
    -
    		    
    465
    		    
    477
    		    
    794
    		  
    3 and 4
    		 
    Terminal equipment
    		  
    4,120
    		   
    488
    		   
    -
    		    
    6
    		    
    1,295
    		    
    3,319
    		   
    10
    		 
    Ground transportation equipment
    		  
    5,506
    		   
    1,734
    		   
    915
    		    
    290
    		    
    2,412
    		    
    4,203
    		  
    4.5 and 10
    		 
    Other equipment
    		  
    13,330
    		   
    419
    		   
    -
    		    
    467
    		    
    4,660
    		    
    9,556
    		     
       
    8,395,778
    		   
    19,825
    		   
    5,446
    		    
    440,716
    		    
    545,267
    		    
    8,305,606
    		     
    Land
    		  
    880,620
    		   
    -
    		   
    81,568
    		 
    (d)
    		  
    261,609
    		 
    (c)
    		  
    -
    		    
    1,060,661
    		     
    Construction in progress
    		  
    276,681
    		   
    142,247
    		   
    -
    		    
    (220,323
    )
    		   
    -
    		    
    198,605
    		     
      
    $
    9,553,079
    		  
    $
    162,072
    		  
    $
    87,014
    		   
    $
    482,002
    		   
    $
    545,267
    		   
    $
    9,564,872
    		     
     
    All the amounts for depreciation and for loss from revaluation are included as part of the depreciation, amortization and loss from revaluation on the consolidated statements of profit or loss.
     
    The accumulated depreciation on property, vessels and equipment at December 31, 2017 and 2016 is $313,926 and $561,113, respectively. The decrease is basically due to the recognition of the fair value of the vessels; therefore, its accumulated depreciation was cancelled.
     
     (a)
    In 2017 is comprised primarily for revaluation surplus by $941,957 net of reduction for deconsolidation of TMM DM in a total of $7,445,415. In 2016 relates to revaluation surplus by $207,669 and the acquisition of the TMM Colima tugboat in December 2016.
     
    (b)
    Includes $56,213 loss from revaluation of two vessels in 2017 and $23,304 loss from revaluation of two vessels in 2016.
     
    (c)
    In 2016 is mainly comprised of the revaluation surplus of $ 216,965 net of other transfers.
     
    (d)
    It includes the sale of a real property to Optimus on June 20, 2016, with a gain for a total of $111,212. (see Note 22). The receivable derived from this sale will be capitalized as described in Note 14 below. This transaction is considered a non-cash flow transaction for purposes of presentation in the consolidated statements of cash flows.
     
    If the cost model had been used, the revalued carrying amounts for vessels, land and properties at December 31, 2017 and 2016, would be as follows:
     
      
    2017
    		  
    2016
    		 
    Vessels
    		 
    $
    452,100
    		  
    $
    5,758,150
    		 
    Lands
    		  
    715,616
    		   
    715,616
    		 
    Properties
    		  
    156,888
    		   
    161,527
    		 
      
    $
    1,324,604
    		  
    $
    6,635,293
    		 
     
    The revalued amounts include a revaluation surplus of $1,220,277 and $2,707,040 in 2017 and 2016, respectively, before taxes, which is not available for distribution to stockholders.
     
    Fair value measurement
    See Note 28 regarding the measuring of fair value for vessels and properties.
     
    Guarantees
    At December 31, 2017 and 2016, 5 vessels are securing financial debt with DVB Bank America, NV and B.V. Scheepswerf Damen Gorinchem, as well as the financial lease with FTAI Subsea 88. At December 31, 2016, 31 vessels were securing the Trust Certificates offering. Likewise, there are 2 properties in 2017 (3 properties in 2016) securing various bank loans.