CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V. AND SUBSIDIARIES
11. FINANCIAL ASSETS AND FINANCIAL LIABILITIES
An analysis of the Company's financial assets and financial liabilities as at 31 December 2022 and 2021 is as follows:
Long-term debt
2022
Carrying amount
Ps.
19,762,785
Fair value
Ps. 18,795,983,979
2021
Carrying amount
Ps.
19,586,566
Fair value
Ps.
19,200,241
The fair value of the Company's financial assets and liabilities is determined based on the price at which a financial instrument can be traded in an orderly transaction between
market participants, without being a forced sale or liquidation.
Management assessed that the fair values of cash and cash equivalents, trade receivables, trade payables and accrued liabilities approximate their carrying amounts largely due to
the short-term maturities of these instruments.
12. LEASES
The Company has lease contracts for various items of property, motor vehicles and offices used in its operations. Leases of properties generally have lease terms between 5 and 12
years, while motor vehicles and offices generally have lease terms between 1 and 4 years. The Company's obligations under its leases are secured by the lessor's title to the leased
assets.
Set out below are the carrying amounts of right-of-use assets recognized and the movements during the period:
Leased
properties
Other leases
Total
As at 31 December 2021
Additions and reclassifications
Depreciation
As at 31 December 2021
Additions and reclassifications
Depreciation
Ps.
11,941,028
6,825,494
Ps.
(1,661,284)
1,590
19,955
710
Ps.
11,942,618
6,845,449
(1,660,574)
17,105,238
22,255
17,127,493
4,431,224
(2,160,997)
As at 31 December 2022
Ps.
19,375,465
Ps.
6,081
(11,025)
17,311
4,437,305
(2,172,022)
Ps.
19,392,776
Set out below are the carrying amounts of lease liabilities recognized and the movements during the period:
As at 1 January 2021
Additions
Accretion of interest
Lease payments
As at 31 December 2022
2022
2021
Ps.
18,262,010
Ps.
12,555,935
4,437,305
6,845,449
1,832,264
1,416,680
(2,964,179)
(2,556,054)
Ps.
21,567,400
Ps.
18,262,010
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