10. Property, Plant and Equipment, net
a) An analysis of property, plant and equipment, net at December 31, 2015, 2016 and 2017 is as follows:
At December 31, 2014 |
Additions | Retirements | Business combinations |
Spin-off effects (Note 12) |
Effect of translation of foreign subsidiaries |
Depreciation of the year |
At December 31, 2015 |
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Cost |
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Network in operation and equipment |
Ps. | 642,617,237 | Ps. | 78,632,899 | Ps. | (16,061,956 | ) | Ps. | 4,293,671 | Ps. | — | Ps. | (68,097,149 | ) | Ps. | — | Ps. | 641,384,702 | ||||||||||||||
Land and buildings |
56,463,536 | 2,559,088 | (2,492,288 | ) | 54,902 | — | (1,790,852 | ) | — | 54,794,386 | ||||||||||||||||||||||
Other assets |
105,550,807 | 27,711,493 | (10,169,829 | ) | 820,329 | (12,643,381 | ) | (4,800,817 | ) | — | 106,468,602 | |||||||||||||||||||||
Construction in process and advances plant suppliers (1) |
39,107,185 | 72,899,705 | (68,666,020 | ) | 160,311 | (348,395 | ) | (4,302,010 | ) | — | 38,850,776 | |||||||||||||||||||||
Inventories for operation of the network |
20,848,714 | 44,423,898 | (43,911,307 | ) | — | — | (1,018,916 | ) | — | 20,342,389 | ||||||||||||||||||||||
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Total |
864,587,479 | 226,227,083 | (141,301,400 | ) | 5,329,213 | (12,991,776 | ) | (80,009,744 | ) | — | 861,840,855 | |||||||||||||||||||||
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Accumulated depreciation |
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Network in operation and equipment |
234,527,131 | — | (31,529,529 | ) | — | (7,403,656 | ) | (51,082,202 | ) | 92,219,984 | 236,731,728 | |||||||||||||||||||||
Buildings |
3,728,405 | — | (433,368 | ) | — | — | (1,334,962 | ) | 2,607,513 | 4,567,588 | ||||||||||||||||||||||
Other assets |
38,276,028 | — | (4,533,893 | ) | — | — | (1,995,119 | ) | 15,310,068 | 47,057,084 | ||||||||||||||||||||||
Inventories for operation of the network |
(50,265 | ) | — | (13,405 | ) | — | — | 1,409 | 17,838 | (44,423 | ) | |||||||||||||||||||||
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Total |
Ps. | 276,481,299 | Ps. | — | Ps. | (36,510,195 | ) | Ps. | — | Ps. | (7,403,656 | ) | Ps. | (54,410,874 | ) | Ps. | 110,155,403 | Ps. | 288,311,977 | |||||||||||||
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Net Cost |
Ps. | 588,106,180 | Ps. | 226,227,083 | Ps. | (104,791,205 | ) | Ps. | 5,329,213 | Ps. | (5,588,120 | ) | Ps. | (25,598,870 | ) | Ps. | (110,155,403 | ) | Ps. | 573,528,878 | ||||||||||||
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At December 31, 2015 |
Additions | Retirements | Business combinations |
Effect of translation of foreign subsidiaries |
Depreciation of the year |
At December 31, 2016 |
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Cost |
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Network in operation and equipment |
Ps. 641,384,702 | Ps. | 101,794,197 | Ps. (8,963,076) | Ps. | 1,873,445 | Ps. 235,186,745 | Ps. | — | Ps. 971,276,013 | ||||||||||||||||||
Land and buildings |
54,794,386 | 2,900,511 | (2,845,298 | ) | 3,839 | 7,281,973 | — | 62,135,411 | ||||||||||||||||||||
Other assets |
106,468,602 | 24,368,918 | (10,717,096 | ) | 69,937 | 24,736,655 | — | 144,927,016 | ||||||||||||||||||||
Construction in process and |
38,850,776 | 70,517,319 | (70,911,593 | ) | 11,255 | 11,252,127 | — | 49,719,884 | ||||||||||||||||||||
Inventories for operation of the network |
20,342,389 | 34,010,751 | (27,641,919 | ) | 5,520 | 1,566,307 | — | 28,283,048 | ||||||||||||||||||||
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Total |
861,840,855 | 233,591,696 | (121,078,982) | 1,963,996 | 280,023,807 | — | 1,256,341,372 | |||||||||||||||||||||
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Accumulated depreciation |
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Network in operation and equipment |
236,731,728 | — | (1,968,376 | ) | — | 153,147,349 | 107,976,385 | 495,887,086 | ||||||||||||||||||||
Buildings |
4,567,588 | — | (975,284 | ) | — | 3,709,952 | 3,179,066 | 10,481,322 | ||||||||||||||||||||
Other assets |
47,057,084 | — | (25,099,710 | ) | — | 10,396,438 | 16,105,885 | 48,459,697 | ||||||||||||||||||||
Inventories for operation of the network |
(44,423 | ) | — | (54,280 | ) | — | 20,896 | 401,008 | 323,201 | |||||||||||||||||||
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Total |
Ps. 288,311,977 | Ps. | — | Ps. (28,097,650 | ) | Ps. | — | Ps. 167,274,635 | Ps. | 127,662,344 | Ps. 555,151,306 | |||||||||||||||||
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Net Cost |
Ps. 573,528,878 | Ps. | 233,591,696 | Ps. (92,981,332 | ) | Ps. | 1,963,996 | Ps. 112,749,172 | Ps. | (127,662,344 | ) | Ps. 701,190,066 | ||||||||||||||||
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At December 31, 2016 |
Additions | Retirements | Business combinations |
Effect of translation of foreign subsidiaries |
Depreciation of the year |
At December 31, 2017 |
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Cost |
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Network in operation and equipment |
Ps. | 971,276,013 | Ps. | 78,272,882 | Ps. | (21,657,715 | ) | Ps. | 599,306 | Ps. | (38,824,540 | ) | Ps. | — | Ps. | 989,665,946 | ||||||||||||
Land and buildings |
62,135,411 | 2,858,996 | (415,219 | ) | 27,686 | (2,022,685 | ) | — | 62,584,189 | |||||||||||||||||||
Other assets |
144,927,016 | 19,287,525 | (8,112,571 | ) | 80,734 | (5,866,897 | ) | — | 150,315,807 | |||||||||||||||||||
Construction in process and advances plant suppliers (1) |
49,719,884 | 66,383,381 | (41,279,573 | ) | 34,705 | (737,023 | ) | — | 74,121,374 | |||||||||||||||||||
Inventories for operation of the network |
28,283,048 | 27,013,148 | (27,979,816 | ) | 3,576 | (728,358 | ) | — | 26,591,598 | |||||||||||||||||||
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Total |
1,256,341,372 | 193,815,932 | (99,444,894 | ) | 746,007 | (48,179,503 | ) | — | 1,303,278,914 | |||||||||||||||||||
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Accumulated depreciation |
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Network in operation and equipment |
495,887,086 | — | (21,214,724) | — | (32,860,339 | ) | 110,533,486 | 552,345,509 | ||||||||||||||||||||
Buildings |
10,481,322 | — | (1,568,542 | ) | — | (940,054 | ) | 2,682,559 | 10,655,285 | |||||||||||||||||||
Other assets |
48,459,697 | — | (4,572,509 | ) | — | (2,251,958 | ) | 21,724,299 | 63,359,529 | |||||||||||||||||||
Inventories for operation of the network |
323,201 | — | (9,205 | ) | — | (4,339 | ) | 265,736 | 575,393 | |||||||||||||||||||
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Total |
Ps. | 555,151,306 | Ps. | Ps. | (27,364,980 | ) | Ps. | Ps. | (36,056,690 | ) | Ps. | 135,206,080 | Ps. | 626,935,716 | ||||||||||||||
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Net Cost |
Ps. | 701,190,066 | Ps. | 193,815,932 | Ps. | (72,079,914 | ) | Ps. | 746,007 | Ps. | (12,122,813 | ) | Ps. | (135,206,080 | ) | Ps. | 676,343,198 | |||||||||||
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(1) | Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed. |