AMERICA MOVIL SAB DE CV/ | CIK:0001129137 | 3

  • Filed: 4/26/2018
  • Entity registrant name: AMERICA MOVIL SAB DE CV/ (CIK: 0001129137)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1129137/000119312518135124/0001193125-18-135124-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1129137/000119312518135124/amx-20171231.xml
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    • ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory

    b) For the years ended December 31, 2015, 2016 and 2017, the Company conducted the following transactions with related parties:

     

        2015     2016     2017  

    Investments and expenses:

    		      

    Construction services, purchases of materials, inventories and property, plant and equipment (i)

    		   Ps. 5,975,677     Ps. 9,917,280     Ps. 11,030,944  

    Insurance premiums, fees paid for administrative and operating services, brokerage services and others (ii)

    		     4,332,331       4,118,469       4,135,578  

    Rent of towers (iii)

    		     927,678       4,748,503       5,326,366  

    Other services

    		     1,379,269       1,899,818       2,802,667  
     

     

     

    		    

     

     

    		    

     

     

    		  
      Ps.  12,614,955     Ps.  20,684,070     Ps.  23,295,555  
     

     

     

    		    

     

     

    		    

     

     

    		  

    Revenues:

    		      

    Telecommunications services

    		   Ps. 271,196     Ps. 411,076     Ps. 416,047  

    Sale of materials and other services

    		     2,398,994       2,679,591       2,313,840  
     

     

     

    		    

     

     

    		    

     

     

    		  
      Ps. 2,670,190     Ps. 3,090,667     Ps. 2,729,887  
     

     

     

    		    

     

     

    		    

     

     

    		  

     

    i) In 2017, this amount includes Ps. 9,829,991 (Ps. 9,547,530 in 2016 and Ps. 5,823,537 in 2015) for network construction services and construction materials purchased from subsidiaries of Grupo Carso, S.A.B. de C.V. (Grupo Carso).
    ii) In 2017, this amount includes Ps. 789,253 (Ps. 812,247 in 2016 and 721,416 in 2015) for network maintenance services performed by Grupo Carso subsidiaries; Ps. 15,695 in 2017 (Ps. 705,074 in 2016, and Ps. 216,910 in 2015) for software services provided by an associate; Ps. 3,330,038 in 2017 (Ps. 2,406,058 in 2016 and Ps. 2,635,342 in 2015) for insurance premiums with Seguros Inbursa S.A. and Fianzas Guardiana Inbursa, S.A., which, in turn, places most of such insurance with reinsurers.
    iii) In October 2015, following the approval of the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, or “IFT”) and confirmation by the Mexican Tax Administration Service (Servicio de Administración Tributaria) of its tax implications the Company completed the spin-off process of its telecom towers located in Mexico creating the company Telesites, S.A.B. de C.V. (“Telesites”). Such spin-off was approved in an extraordinary meeting of shareholders held in April 2015. The National Securities and Banking Commission (Comisión Nacional Bancaria y de Valores) authorized the registration of the shares of Telesites in December 2015, and the Company concluded the listing process on December 21, 2015.