Pacific Airport Group | CIK:0001347557 | 3

  • Filed: 4/20/2018
  • Entity registrant name: Pacific Airport Group (CIK: 0001347557)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1347557/000156459018008605/0001564590-18-008605-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1347557/000156459018008605/pac-20171231.xml
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  • ifrs-full:DisclosureOfCommitmentsExplanatory

    28.Commitments

     

    a.

    On December 28, 2009, the SCT authorized the Company’s MDP update for the five-year period from 2010-2014. As of December 31, 2015, the SCT confirmed compliance with 100%.

     

    b.

    On December 16, 2014, the SCT authorized in Mexico the Company’s MDP for the five-year period from 2015-2019. The table below shows the investments to be made during this period, as approved by the SCT:

     

    Year

     

    Amount

    committed

     

    2015

     

    Ps.

     

    1,412,232

     

    2016

     

     

     

    1,842,569

     

    2017

     

     

     

    1,157,684

     

    2018

     

     

     

    759,337

     

    2019

     

     

     

    306,792

     

     

     

    Ps.

     

    5,478,614

     

     

    The amounts committed above are expressed in pesos of purchasing power as of December 31, 2012.

    In March 2016 and 2017 the Mexican Directorate General of Civil Aviation (DGAC) approved the MDP committed of 2015 and 2016, respectively.

     

    c.

    In November 2014, the airport authority in Jamaica, approved capital investments to be made of USD$ 37,940,000 for the period April 2015 to March 2020. Compliance with MBJA capital investments must be made for the period rather than annually. During 2015, 2016 and 2017capital investments were USD$ 659,000, USD$768,832 and USD$ 3,492,476, respectively.