|
7. |
Trade accounts receivable |
As of December 31, 2015, 2016 and 2017, trade accounts receivable are comprised of the following:
|
|
|
December 31, 2015 |
|
|
December 31, 2016 |
|
|
December 31, 2017 |
|
||||||
|
Trade accounts receivable |
|
Ps. |
|
295,611 |
|
|
Ps. |
|
638,166 |
|
|
Ps. |
|
1,028,898 |
|
|
Allowance for doubtful accounts |
|
|
|
(136,415 |
) |
|
|
|
(30,622 |
) |
|
|
|
(31,528 |
) |
|
|
|
Ps. |
|
159,196 |
|
|
Ps. |
|
607,544 |
|
|
Ps. |
|
997,370 |
|
Accounts receivable include balances to be reimbursed to the Company by domestic and international airlines for passenger charges fees (TUA) of Ps. 170,541, Ps 414,655 and Ps. 644,142 as of December 31, 2015, 2016 and 2017, respectively. Passenger charges are payable for each passenger (other than diplomats, infants, transfer and transit passengers) departing from the airport terminals operated by the Company and are collected by the airlines and subsequently remitted to the Company.
The movements for bad debt expense in the allowance for doubtful accounts are recognized under cost of services in the consolidated statement of profit or loss and other comprehensive income.
|
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
||||||
|
Beginning balance |
|
Ps. |
|
(152,998 |
) |
|
Ps. |
|
(136,415 |
) |
|
Ps. |
|
(30,622 |
) |
|
Bad debt expense |
|
|
|
(15,285 |
) |
|
|
|
(14,327 |
) |
|
|
|
(12,006 |
) |
|
Write-offs |
|
|
|
9,905 |
|
|
|
|
105,236 |
|
|
|
|
— |
|
|
Reversal of bad debts |
|
|
|
24,891 |
|
|
|
|
14,884 |
|
|
|
|
11,100 |
|
|
Increased for MBJA´s consolidation |
|
|
|
(2,928 |
) |
|
|
|
— |
|
|
|
|
— |
|
|
Ending balance |
|
Ps. |
|
(136,415 |
) |
|
Ps. |
|
(30,622 |
) |
|
Ps. |
|
(31,528 |
) |
The allowance for doubtful accounts is comprised of customer balances that are in litigation or bankruptcy process and legal proceedings, which at the date of the consolidated financial statements are not yet completed. As of December 31, 2015, 2016 and 2017 these balances amounted to Ps. 110,442, Ps. 9,876 and Ps.12,412, respectively. The allowance also includes customer balances in arrears in their payments and that are in a process of regularization; therefore they have not been sued. At December 31, 2015, 2016 and 2017 the amount of these balances amounted to Ps.25,973, Ps. 20,747 and Ps.19,115, respectively. During, 2015, 2016 and 2017, the Company recognized reversals of bad debt of the balances that were in a legal process with an unfavorable outcome for the Company. The amount of these bad debt expense totaled Ps. 24,891, Ps. 14,884 and Ps. 11,100, respectively also decreasing the balance of accounts receivable. The reversal of bad debts had no effect on the operating results of the Company during 2015, 2016 and 2017. There are other cancellations of write-off for customers that were in arrears in their payments, but were paid in 2015 and 2016 for Ps. 9,905 and Ps. 105,236, respectively. In 2017, there were no such cancellations.
Following are past due balances of accounts receivable, for which there has not been a provision of allowance for doubtful accounts, according to the Company’s policy and their maturity date:
|
|
|
December 31, 2015 |
|
|
December 31, 2016 |
|
|
December 31, 2017 |
|
||||||
|
Accounts receivables past due from 1 to 30 days |
|
Ps. |
|
52,833 |
|
|
Ps. |
|
28,477 |
|
|
Ps. |
|
45,895 |
|
|
Accounts receivables past due 31 to 60 days |
|
|
|
8,290 |
|
|
|
|
7,225 |
|
|
|
|
11,588 |
|
|
Accounts receivables past due 61 to 90 days |
|
|
|
4,292 |
|
|
|
|
6,300 |
|
|
|
|
5,966 |
|
|
Accounts receivables past due more than 90 days |
|
|
|
1,834 |
|
|
|
|
510 |
|
|
|
|
207 |
|
|
|
|
Ps. |
|
67,249 |
|
|
Ps. |
|
42,512 |
|
|
Ps. |
|
63,656 |
|
Following is the percentage of the main clients of the Company with relation to the total of the trade accounts receivable, segregating the accounts receivable of airport services (SAE) and the passengers charges (TUA) that corresponds to the amounts that airlines recover from passengers on behalf of the Company and subsequently pay:
|
|
|
December 31, 2015 |
|
|
December 31, 2016 |
|
|
December 31, 2017 |
|
|||||||||||||||
|
|
|
% receivable of TUA |
|
|
% receivable of SAE |
|
|
% receivable of TUA |
|
|
% receivable of SAE |
|
|
% receivable of TUA |
|
|
% receivable of SAE |
|
||||||
|
Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V. |
|
|
23.0 |
% |
|
|
15.8 |
% |
|
13.3 |
% |
|
2.9 |
% |
|
25.5 |
% |
|
3.5 |
% |
||||
|
ABC Aerolíneas, S.A. de C.V. |
|
|
6.4 |
% |
|
|
5.7 |
% |
|
4.6 |
% |
|
1.0 |
% |
|
12.0 |
% |
|
1.3 |
% |
||||
|
Aerovías de México, S.A. de C.V. |
|
|
4.9 |
% |
|
|
7.4 |
% |
|
2.7 |
% |
|
0.8 |
% |
|
6.0 |
% |
|
|
0.9 |
% |
|||
|
Aerolitoral, S.A. de C.V. |
|
|
7.9 |
% |
|
|
5.9 |
% |
|
|
4.8 |
% |
|
|
0.4 |
% |
|
|
4.9 |
% |
|
|
0.5 |
% |
The Company has cash, bonds and goods that guarantee certain amounts from TUA as well as accounts receivable from clients as of December 31, 2015, 2016 and 2017. These guarantees could be applied to any unpaid balance in case of a breach from clients and under certain circumstances.