An analysis of intangible assets at December 31, 2015, 2016 and 2017 is as follows:
For the year ended December 31, 2015 | ||||||||||||||||||||||||||||
Balance at beginning of year |
Acquisitions | Acquisitions in business combinations |
Disposals and other |
Amortization of the year |
Effect of translation of foreign subsidiaries |
Balance at end of year |
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Licenses and rights of use |
Ps. | 174,795,094 | Ps. | 19,507,462 | Ps. | 448,364 | Ps. | 1,109,172 | Ps. | — | Ps. | (20,564,317 | ) | Ps. | 175,295,775 | |||||||||||||
Accumulated amortization |
(91,231,249 | ) | — | — | (25,976 | ) | (7,419,551 | ) | 13,830,252 | (84,846,524 | ) | |||||||||||||||||
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Net |
83,563,845 | 19,507,462 | 448,364 | 1,083,196 | (7,419,551 | ) | (6,734,065 | ) | 90,449,251 | |||||||||||||||||||
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Trademarks |
22,274,991 | — | 252,728 | 207,251 | — | 89,043 | 22,824,013 | |||||||||||||||||||||
Accumulated amortization |
(10,829,402 | ) | — | — | — | (936,606 | ) | 242,301 | (11,523,707 | ) | ||||||||||||||||||
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Net |
11,445,589 | — | 252,728 | 207,251 | (936,606 | ) | 331,344 | 11,300,306 | ||||||||||||||||||||
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Customer relationships |
15,306,167 | — | 949,915 | 791,548 | — | 1,346,777 | 18,394,407 | |||||||||||||||||||||
Accumulated amortization |
(485,951 | ) | — | — | — | (3,452,760 | ) | (24,164 | ) | (3,962,875 | ) | |||||||||||||||||
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Net |
14,820,216 | — | 949,915 | 791,548 | (3,452,760 | ) | 1,322,613 | 14,431,532 | ||||||||||||||||||||
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Software licenses |
7,297,177 | 2,245,027 | 42,760 | (307,955 | ) | — | (494,241 | ) | 8,782,768 | |||||||||||||||||||
Accumulated amortization |
(1,510,514 | ) | — | — | 1,434,129 | (2,921,767 | ) | 573,554 | (2,424,598 | ) | ||||||||||||||||||
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Net |
5,786,663 | 2,245,027 | 42,760 | 1,126,174 | (2,921,767 | ) | 79,313 | 6,358,170 | ||||||||||||||||||||
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Content rights |
1,862,030 | 768,888 | — | — | — | 3,609 | 2,634,527 | |||||||||||||||||||||
Accumulated amortization |
(158,555 | ) | — | — | — | (270,191 | ) | — | (428,746 | ) | ||||||||||||||||||
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Net |
1,703,475 | 768,888 | — | — | (270,191 | ) | 3,609 | 2,205,781 | ||||||||||||||||||||
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Total of intangibles, net |
Ps. | 117,319,788 | Ps. | 22,521,377 | Ps. | 1,693,767 | Ps. | 3,208,169 | Ps. | (15,000,875 | ) | Ps. | (4,997,186 | ) | Ps. | 124,745,040 | ||||||||||||
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Goodwill (Note 12) |
Ps. | 140,903,391 | Ps. | 220,124 | Ps. | 711,723 | Ps. | — | Ps. | — | Ps. | (4,721,522 | ) | Ps. | 137,113,716 | |||||||||||||
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For the year ended December 31, 2016 | ||||||||||||||||||||||||||||
Balance at beginning of year |
Acquisitions | Acquisitions in business combinations |
Disposals and other |
Amortization of the year |
Effect of translation of foreign subsidiaries |
Balance at end of year |
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Licenses and rights of use |
Ps. | 175,295,775 | Ps. | 9,129,949 | Ps. | 360,144 | Ps. | 1,269,478 | Ps. | — | Ps. | 56,684,016 | Ps. | 242,739,362 | ||||||||||||||
Accumulated amortization |
(84,846,524 | ) | — | — | — | (10,255,271 | ) | (31,606,303 | ) | (126,708,098 | ) | |||||||||||||||||
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Net |
90,449,251 | 9,129,949 | 360,144 | 1,269,478 | (10,255,271 | ) | 25,077,713 | 116,031,264 | ||||||||||||||||||||
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Trademarks |
22,824,013 | — | 101,655 | (13,820 | ) | — | 4,877,302 | 27,789,150 | ||||||||||||||||||||
Accumulated amortization |
(11,523,707 | ) | — | — | — | (330,576 | ) | (3,367,974 | ) | (15,222,257 | ) | |||||||||||||||||
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Net |
11,300,306 | — | 101,655 | (13,820 | ) | (330,576 | ) | 1,509,328 | 12,566,893 | |||||||||||||||||||
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Customer relationships |
18,394,407 | — | 1,904,503 | — | — | 5,946,598 | 26,245,508 | |||||||||||||||||||||
Accumulated amortization |
(3,962,875 | ) | — | — | — | (3,231,518 | ) | (5,240,681 | ) | (12,435,074 | ) | |||||||||||||||||
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Net |
14,431,532 | — | 1,904,503 | — | (3,231,518 | ) | 705,917 | 13,810,434 | ||||||||||||||||||||
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Software licenses |
8,782,768 | 3,854,066 | 26,871 | (829,680 | ) | — | 1,040,771 | 12,874,796 | ||||||||||||||||||||
Accumulated amortization |
(2,424,598 | ) | (41,185 | ) | (8,367 | ) | 829,680 | (3,469,461 | ) | (9,809 | ) | (5,123,740 | ) | |||||||||||||||
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Net |
6,358,170 | 3,812,881 | 18,504 | — | (3,469,461 | ) | 1,030,962 | 7,751,056 | ||||||||||||||||||||
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Content rights |
2,634,527 | 2,242,556 | — | (217,057 | ) | — | 216,272 | 4,876,298 | ||||||||||||||||||||
Accumulated amortization |
(428,746 | ) | — | — | (1,612 | ) | (2,236,141 | ) | — | (2,666,499 | ) | |||||||||||||||||
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Net |
2,205,781 | 2,242,556 | — | (218,669 | ) | (2,236,141 | ) | 216,272 | 2,209,799 | |||||||||||||||||||
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Total of intangibles, net |
Ps. | 124,745,040 | Ps. | 15,185,386 | Ps. | 2,384,806 | Ps. | 1,036,989 | Ps. | (19,522,967 | ) | Ps. | 28,540,192 | Ps. | 152,369,446 | |||||||||||||
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Goodwill (Note 12) |
Ps. | 137,113,716 | Ps. | — | Ps. | 3,953,023 | Ps. | (356,832) | Ps. | — | Ps. | 11,922,728 | Ps. | 152,632,635 | ||||||||||||||
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For the year ended December 31, 2017 | ||||||||||||||||||||||||||||
Balance at beginning of year |
Acquisitions | Acquisitions in business combinations |
Disposals and other |
Amortization of the year |
Effect of translation of foreign subsidiaries |
Balance at end of year |
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Licenses and rights of use |
Ps. | 242,739,362 | Ps. | 12,347,051 | Ps. | 53,923 | Ps. | (1,037,458 | ) | Ps. | — | Ps. | (6,689,054 | ) | Ps. | 247,413,824 | ||||||||||||
Accumulated amortization |
(126,708,098 | ) | — | — | 244,564 | (11,879,489 | ) | 4,233,585 | (134,109,438 | ) | ||||||||||||||||||
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Net |
116,031,264 | 12,347,051 | 53,923 | (792,894 | ) | (11,879,489 | ) | (2,455,469 | ) | 113,304,386 | ||||||||||||||||||
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Trademarks |
27,789,150 | 127,823 | 82,868 | (29,804 | ) | — | 809,175 | 28,779,212 | ||||||||||||||||||||
Accumulated amortization |
(15,222,257 | ) | — | — | 34,464 | (3,179,461 | ) | (474,151 | ) | (18,841,405 | ) | |||||||||||||||||
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Net |
12,566,893 | 127,823 | 82,868 | 4,660 | (3,179,461 | ) | 335,024 | 9,937,807 | ||||||||||||||||||||
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Customer relationships |
26,245,508 | — | 512,667 | (882,338 | ) | — | 1,109,877 | 26,985,714 | ||||||||||||||||||||
Accumulated amortization |
(12,435,074 | ) | — | — | 882,338 | (3,769,777 | ) | (806,982 | ) | (16,129,495 | ) | |||||||||||||||||
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Net |
13,810,434 | — | 512,667 | — | (3,769,777 | ) | 302,895 | 10,856,219 | ||||||||||||||||||||
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Software licenses |
12,874,796 | 3,351,200 | — | (1,698,118 | ) | — | 527,720 | 15,055,598 | ||||||||||||||||||||
Accumulated amortization |
(5,123,740 | ) | — | — | 1,212,669 | (3,699,363 | ) | (204,727 | ) | (7,815,161 | ) | |||||||||||||||||
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Net |
7,751,056 | 3,351,200 | — | (485,449 | ) | (3,699,363 | ) | 322,993 | 7,240,437 | |||||||||||||||||||
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Content rights |
4,876,298 | 2,099,084 | — | (63,137 | ) | — | (194,803 | ) | 6,717,442 | |||||||||||||||||||
Accumulated amortization |
(2,666,499 | ) | — | — | (195,658 | ) | (1,820,092 | ) | 165,584 | (4,516,665 | ) | |||||||||||||||||
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Net |
2,209,799 | 2,099,084 | — | (258,795 | ) | (1,820,092 | ) | (29,219 | ) | 2,200,777 | ||||||||||||||||||
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Total of intangibles, net |
Ps. | 152,369,446 | Ps. | 17,925,158 | Ps. | 649,458 | Ps. | (1,532,478 | ) | Ps. | (24,348,182 | ) | Ps. | (1,523,776 | ) | Ps. | 143,539,626 | |||||||||||
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Goodwill (Note 12) |
Ps. | 152,632,635 | Ps. | — | Ps. | 951,348 | Ps. | (134,525 | ) | Ps. | — | Ps. | (1,986,226 | ) | Ps. | 151,463,232 | ||||||||||||
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