Common shares are classified as equity. Grupo TMM does not have other equity instruments in addition to its common shares.
Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of taxes, from the proceeds. Incremental costs directly attributable to the issue of new shares or options are included in the cost of acquisition as part of the purchase consideration.
The accumulated losses include all current profits or losses and for previous periods.
Other components of equity capital include:
| · | revaluation surplus, including gains from the reevaluation of vessels and properties; |
| · | statutory reserve corresponds to the separation of earnings withheld to this reserve; |
| · | additional paid-in capital is equivalent to the amount received in excess of the par value of the shares; and |
| · | translation result represents the accumulated effect of the change in functional currency. |
