2020 Annual Report
2020 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
More than 180 days
$
The movement of the allowance for credit losses is as follows:
Balance at the beginning of the year
Increase
Charges
Balance at the end of the year
$
$
2020
2020
420,238
2019
2019
Movements in the obsolete inventory valuation are as follows:
254,101
Balance at the beginning of the year
Increase
Charges or cancellations
Balance at the end of the year
237,396
111,224
(7,809)
196,532
53,639
(8)
(12,775)
340,811
237,396
Prepayments-
Prepayments are comprised as follows:
The increase in the allowance for impaired accounts receivable is included in operating expenses in the "selling expenses"
account in the statement of comprehensive income (see Note 21). Amounts charged to the provision are generally written
off when there are no expectations of additional cash recovery. Other accounts receivable items and other accounts
receivable are not impaired.
The maximum exposure to credit risk at the reporting date is the book value of each class of accounts receivable
mentioned above. The Group does not request collateral in guarantee.
The book value of customers and other accounts receivable that are denominated in U.S. dollars are as follows:
Property, networks and equipment
Services
Others
Total prepayments
U.S. dollars (thousands)
(7) Inventories-
An analysis of inventories is as follows:
Materials and equipment for company operations
Allowance for obsolete inventories
Total
$
2020
4,755
2019
5,772
2020
2019
523,028
545,626
Less current prepayments
Long-term prepayments (*)
(9)
MEGACABLE.
2020
2019
74,380
95,692
6,304
6,805
11,717
(33,029)
87,489
74,380
2020
2019
1,636,395
432,343
195,817
54,432
326,062
2,264,555
380,494
251,581
380,494
2,012,974
(*) The advance payments granted correspond mainly to the construction of fiber infrastructure with GPON technology,
which consists mainly of an FTTH network (Fiber To The Home), which will be implemented in the main cities where
the Group has a presence. See note 24.
Investments in joint ventures-
Investment in joint ventures and other permanent investments is as follows:
Subsidiary
Interest
2020
2019
(87,489)
(74,380)
Grupo de Telecomunicaciones de
$
435,539
471,246
Alta Capacidad, S.A.P.I. de C. V. (joint
venture) (1)
33.33%
33.33%
Corporate Purpose
Concessionaire of the rights to operate
the dark fiber owned by the Federal
Electricity Commission.
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