CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V. AND SUBSIDIARIES
An analysis of the Company's equity investment in its subsidiaries as at 31 December 2022 and 2021 is as follows:
Company name
Irrevocable Trust No. 4594, Banco Actinver,
Institución de Banca Múltiple
Telesites Costa Rica, S.A. (TLC)
Telesites Colombia, S.A.S. (TCO)
c) Revenue recognition
Rental and alteration service income
% equity interest as at
31 December
2022
2021
Country
Date of first
consolidation
Type of
transaction
72.5%
100%
-%
72.5%
100%
100%
Mexico
Costa Rica
Colombia
July 2020
August 2021
Infrastructure
Infrastructure
August 2021
Infrastructure
The Company is primarily engaged in leasing passive infrastructure, which consists of non-electronic components used in telecommunications networks, such as towers, masts and
other structures designed to support antennas for telecommunications and broadcasting.
Alteration services to telephone carriers refer to the modifications that the Company makes to the passive infrastructure.
Revenue from contracts with customers is recognized when control of the goods or services is transferred to the customer at an amount that reflects the consideration to which the
Company expects to be entitled in exchange for those goods or services. The Company has generally concluded that it is the principal in its revenue arrangements under IFRS 15
Revenue from Contracts with Customers. Rents are reviewed and increased based on the National Consumer Price Index (NCPI) and the amount of rent is generally determined
based on the specific characteristics of the sites where the leased passive infrastructure is.
d) Use of estimates
The preparation of financial statements in accordance with IFRS requires the use of estimates and assumptions in certain areas. Actual results could differ from these estimates.
The Company based its estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future
developments, however, may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes are reflected in the estimates and
their effects are shown in the financial statements when they occur.
These assumptions mostly refer to:
•
Useful life estimates of items of property and equipment
•
Allowance for expected credit losses
Impairment in the value of long-lived assets
•
Fair value of financial instruments
•
Employee benefits
•
Asset retirement obligation
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