2020 Annual Report
2020 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
The key assumptions used in the 2020 and 2019 value in use calculations are as follows:
North
West
Pacific
Southeast
TCO
Bajío
Center
Gulf
Metrocarrier
North
West
Pacific
Southeast
TCO
Bajío
Center
Gulf
Metrocarrier
2020
% of gross
margin
(12) Other intangible assets, net-
An analysis of intangible assets is as follows:
Growth rate
Discount rate
53.0%
11.6%
8.60%
46.1%
10.7%
8.60%
With defined life:
55.6%
9.5%
8.60%
49.2%
11.4%
8.60%
Customer base (i)
Accumulated amortization
51.6%
10.6%
8.60%
49.4%
10.4%
8.60%
45.1%
13.7%
8.60%
With defined life:
49.8%
12.2%
8.60%
37.1%
10.0%
8.60%
Trademarks and patents, net (ii)
Total
% of gross
2019
margin
Growth rate
Discount rate
i)
es
2020
2,028,815
(1,922,535)
106,280
18
106,298
MEGACABLE.
2019
2,028,815
(1,796,943)
231,872
34
231,906
Corresponds to the cost of acquisitions of portfolio/subscribers with a useful life of four years. The movements in the
net customer base is as follows:
54.2%
8.6%
11.72%
47.5%
9.0%
11.72%
48.8%
7.6%
11.72%
Net customer base:
50.3%
9.2%
11.72%
51.6%
8.0%
11.72%
As at January 1, 2019
Additions (*)
50.4%
9.0%
11.72%
50.8%
9.5%
11.72%
Customer base deletions
Amortization
49.2%
7.7%
11.72%
32.0%
10.0%
11.72%
As at December 31, 2019
Amortization
$
64,745
266,731
(4,623)
(94,981)
231,872
(125,592)
$
106,280
These assumptions have been used in the analysis of each CGU within the operating segment.
Management determined the budgeted gross margins based on past results and its expectations of market development. The
weighted average growth rates used are consistent with the projections included in the industry reports. The discount rates
used are pre-taxes and reflect the specific risks related to the relevant geographic areas.
Sales volume is the weighted average rate of annual growth over a five-year forecast period. It is based on past performance
and Management's expectations of market development.
The sale price is the weighted average rate of annual growth over the five-year forecast. It is based on current industry trends
and includes long-term inflation forecasts.
As at December 31, 2020
(*) On May 1, 2019, through its subsidiary Telefonía por Cable, S.A. de C.V. as buyer, and Mega Cable, S.A. de C.V, the Group
entered into an asset purchase and sale and assignment of rights agreement with Axtel, S.A.B. de C.V., for FTTH (Fiber
To The Home) intangible assets and fixed assets valued at $1,150,000 plus value added tax where they purchased the
customer list for $266,731 as an intangible asset and fixed assets.
Amortization is calculated based on the straight-line method, considering the estimated life of the assets, which is four
years. As at December 31, 2020 and 2019, it was recorded in the cost of services as $125,592 and $94,981, respectively.
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