Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | CIK:0001520504 | 3

  • Filed: 4/26/2018
  • Entity registrant name: Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (CIK: 0001520504)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1520504/000110465918026761/0001104659-18-026761-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1520504/000110465918026761/vlrs-20171231.xml
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  • ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory

     

    Treasury shares

     

    The Company’s equity instruments that are reacquired (treasury shares), are recognized at cost and deducted from equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of treasury shares. Any difference between the carrying amount and the consideration received, if reissued, is recognized in additional paid in capital. Share-based payment options exercised during the reporting period are settled with treasury shares (Note 17).