CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V. AND SUBSIDIARIES
A liability is current when:
•
It is due to be settled within twelve months after the reporting period, or
.
There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period
•
The Company classifies all other liabilities as non-current.
h) Property and equipment, net
The Company's property includes passive infrastructure, which includes non-electronic components used in telecommunications networks, including masts, towers and posts.
These fixed assets are measured at fair value using the revaluation model specified in IAS 16 Property, Plant and Equipment. Company management periodically reviews the
stated amounts of the Company's fixed assets whenever it believes that there is a significant difference between the carrying amount of an asset and its fair value. Depreciation is
determined on fair values on a straight-line basis over the estimated useful lives of the assets starting at the time the assets are available for use.
The Company's equipment is carried at cost, net of accumulated depreciation, in accordance with IAS 16 Property, Plant and Equipment. Depreciation is determined on the assets'
carrying amounts on a straight-line basis over the estimated useful lives of the assets, starting the month after the assets are available for use.
The Company periodically reviews the residual values, useful lives and depreciation methods of its fixed assets and adjusts them prospectively where appropriate at the end of each
reporting period, in accordance with IFRS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
The revaluation surplus is recycled to retained earnings in the same proportion as the accounting depreciation over the useful live of the asset and, if the revalued asset is derecognized,
the revaluation surplus is transferred to retained earnings without affecting the profit or loss for the period.
An item of property and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition
of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in other operating income or other operating expenses
when the asset is derecognized.
Annual depreciation rates for 2022 and 2021 are as follows:
Passive infrastructure
Computer equipment
Automotive equipment
Other equipment
3.33% to 6.67%
30%
25%
10%
i) Licenses and software
The licenses and software acquired by the Company are classified as intangible assets with finite useful lives that are recognized at cost. Amortization of these intangible assets is
calculated on the assets' carrying amounts on a straight-line basis based on the estimated useful lives of the assets.
The annual amortization rate for acquired licenses is 15%.
j) Impairment in the value of long-lived assets
The Company assesses at each reporting date whether there is an indication that its long-lived assets may be impaired. If any indication exists, or when annual impairment testing
for an asset is required, the Company estimates the asset's recoverable amount, which is higher than the asset's fair value less costs to sell and its value in use. In assessing value
in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and
the risks specific to the asset. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired, and its carrying amount is written down to
its recoverable amount, and the loss is immediately recognized in profit or loss.
35View entire presentation