2020 Annual Report
2020 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
Group 1 - New customers - existing/related parties (less than 6 months).
Group 2 - Existing customers/related parties (more than 6 months).
As at December 31, 2020
Less than 1
year
MEGACABLE.
Between 1 and 2 Between 2 and 5
years
years
Bank loans
$
459
2020
2019
Interest in banking institutions not accrued
Lease liabilities
453,058
1,291,230
2,905,646
623,772
3,453,308
432,605
231,510
Cash in banks and bank deposits short-term
$
4,259,590 $
2,210,065
Suppliers
3,240,961
Related parties
100,149
Maximum creditworthiness, with minimum credit risk (AAA)
$
4,259,590 $
2,210,065
Interest collected from related parties
Other accounts payable
8,933
1,726,274
218,684
24,523
510,401
66,552
c)
Liquidity risk
$
6,821,064
4,004,135
4,462,866
The Group's cash flow projections are prepared by its operating entities, and the information is consolidated by the Group's
Management and Finance teams. The Group's Management and Finance teams oversee the updating of the projections
regarding liquidity requirements to ensure that there is sufficient cash to meet operational needs and permanently maintain
sufficient margins on undrawn lines of credit, in such a way that the Group does not fail to comply with its credit limits or line of
credit covenants. Said projections consider debt financing plans, compliance with covenants, compliance with financial reasons
based on internal financial information and, where appropriate, applicable regulatory requirements.
The cash surplus held by the Group and the surplus balances that exceed the cash required for working capital are transferred
to the Group Treasury, which invests the cash surplus in time deposits and negotiable securities, selecting instruments with
appropriate maturities or with sufficient liquidity to provide sufficient margins. Cash surpluses may be invested in expanding the
facilities generating cash flows, with prior authorization from the Board of Directors.
The table below shows the analysis of the Group's financial liabilities classified based on the period between the date of the
consolidated statement of financial position and the date of maturity (including unearned interest). The following table has been
prepared on the basis of undiscounted cash flows, from the first date that the Group will be required to pay.
As at December 31, 2019
Less than 1
year
Between 1 and 2 Between 2 and 5
years
years
Bank loans
$
Interest in banking institutions not accrued
Lease liabilities
79,922
516,754
132,652
1,945,532
786,590
4,482,315
436,921
266,963
1,436,412
275,534
39,262
916,060
353,972
381,428
94,851
89,828
Suppliers
Related parties
Interest collected from related parties
Other accounts payable
$
3,396,596
3,447,908
5,390,492
The maturity analysis applies only to financial instruments and therefore, does not include the entity's non-financial liabilities,
such as tax liabilities.
d)
Capital risk management
The Group's objectives in relation to capital risk management are to safeguard its ability to continue as a going concern,
provide shareholder returns and benefits to other stakeholders, and maintain an optimal capital structure to reduce costs.
In order to maintain or adjust the capital structure, the Group may vary the amount of dividends to be paid to shareholders,
carry out a capital reduction, issue new shares or sell assets, and reduce debt.
Like other entities in the industry, the Group monitors its capital structure based on its leverage ratio. This financial ratio is
calculated by dividing total liabilities by total capital according to the consolidated statement of financial position.
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