GRUPO TMM SAB | CIK:0001163560 | 3

  • Filed: 5/7/2018
  • Entity registrant name: GRUPO TMM SAB (CIK: 0001163560)
  • Generator: EDGARfilings PROfile
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1163560/000114036118021937/0001140361-18-021937-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1163560/000114036118021937/gtmay-20171231.xml
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    • ifrs-full:DisclosureOfLeasesExplanatory

    11
    Leases
     
    Financial leases as lessee
    The Company has a ship named ‘Subsea 88’ under a financial lease, which started in November 2013 and will terminate in October 2023. Moreover, a vehicle was acquired in this modality in December 2012, which was paid early in August 2016. As of December 31, 2017 and 2016, the carrying value of equipment in finance leases amounts $413,298 and $166,366, respectively.
     
    The financial leasing liabilities are secured by the associated assets held under this modality. The minimum future financial leasing payments at the end of each reporting period are:
     
      
    Within the
    1st year
    		  
    1 to 3
    years
    		  
    3 to 5
    years
    		  
    After 5
    years
    		  
    Total
    		 
    Balance at December 31, 2017
    		               
    Lease payments
    		 
    $
    39,619
    		  
    $
    79,346
    		  
    $
    96,999
    		  
    $
    117,860
    		  
    $
    333,824
    		 
    Financial charges
    		  
    (28,665
    )
    		  
    (51,346
    )
    		  
    (58,456
    )
    		  
    (12,925
    )
    		  
    (151,391
    )
    Present values, net
    		 
    $
    10,954
    		  
    $
    28,000
    		  
    $
    38,543
    		  
    $
    104,935
    		  
    $
    182,433
    		 
     
      
    Within the
    1st year
    		  
    1 to 3
    years
    		  
    3 to 5
    years
    		  
    After 5
    years
    		  
    Total
    		 
                    
    Balance at December 31, 2016
    		               
    Lease payments
    		 
    $
    41,483
    		  
    $
    82,966
    		  
    $
    85,355
    		  
    $
    164,888
    		  
    $
    374,692
    		 
    Financial charges
    		  
    (31,713
    )
    		  
    (58,032
    )
    		  
    (50,937
    )
    		  
    (33,223
    )
    		  
    (173,905
    )
    Present values, net
    		 
    $
    9,770
    		  
    $
    24,934
    		  
    $
    34,418
    		  
    $
    131,665
    		  
    $
    200,787
    		 
     
    The financial lease contract for ‘Subsea 88’ includes monthly lease payments and an option to buy at the end of the term.
     
    Operating leases as lessee
    At December 31, 2017, the operating leases report the following expiries:
     
    Leased assets
    Expire
    Building
    Apr. 2029
    Cranes
    Jul. 2020
    Offshore vessels
    Apr. 2018
    Docks and equipment
    Mar. 2018
    Lift truck
    Dec. 2019
     
    The contracts include an option to buy at certain times during the term or on expiry.
     
    The minimum future payments on operating leases are:
     
      
    Within the
    1st year
    		  
    1 to 3
    years
    		  
    3 to 5
    years
    		  
    After 5
    years
    		  
    Total
    		 
    Lease payments
    		               
    At December 31, 2017
    		 
    $
    77,589
    		  
    $
    143,067
    		  
    $
    158,278
    		  
    $
    617,718
    		  
    $
    996,652
    		 
                         
    At December 31, 2016
    		 
    $
    112,115
    		  
    $
    137,157
    		  
    $
    154,709
    		  
    $
    732,745
    		  
    $
    1,136,726