ANNUAL INTEGRATED REPORT 2021
ANNUAL INTEGRATED REPORT 2021 | AXTEL
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Impairment testing of goodwill
At the date of issuance of the consolidated financial statements there
was no impairment.
The following describes the discount rates and long-term growth
rates used for the years ended December 31, 2021, 2020 and 2019:
15
PROVISIONS
As of January 1, 2019
Additions
Payments
$
Litigation
23,629
14,187
Restructuring(1)
$
288,755
86,070
Total
$ 312,384
100,257
(9,326)
(183,125)
(192,451)
As of December 31, 2019
Additions
Payments
$
28,490
$
191,700
220,190
$
2,292
$
$
2,292
(12,365)
(191,700)
(204,065)
2021
Discount rate, after tax
Long-term growth rate
11.8%
2020
10.2%
5.3%
3.2%
2019
10.5%
3.6%
As of December 31, 2020
Additions
Payments
$
18,417 $
$
18,417
$
11,388
$
$
11,388
(321)
(321)
As of December 31, 2021
$
29,484
$
-
$
29,484
13
OTHER NON-CURRENT ASSETS
2021
Investments of shares
$
1,702
2020
$291,816
2019
$294,530
Long-term notes receivable
Prepaid connection leases
Guarantee deposits
20,181
(1) Provisions due to restructuring include indemnities due to personnel
changes.
Provisions as of December 31, 2021, 2020 and 2019 are short-term.
Prepaid maintenance
Other
3,961
51,113
188,180
10,468
52,810
235,289
21,238
41,192
301,242
Total other non-current assets
94,853
$359,990
62,241
$652,624
83,695
$741,897
16
DEFERRED INCOME
Deferred income movements during the year are shown as follows:
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TRADE AND OTHER ACCOUNTS PAYABLE
Trade and other accounts payable are analyzed as follows:
Beginning balance
Increases
2021
2020
2019
Recognized income of the year
Ending balance
2021
$116,054
413,276
(443,278)
$ 86,052
2020
$153,229
491,935
(529,110)
$116,054
2019
$ 536,452
1,054,418
(1,437,641)
$ 153,229
Current:
Trade accounts payable
$2,138,117
Related parties
666
Value added tax and other federal and
430,546
$2,375,715
480
1,136,511
$2,897,853
8,018
880,277
local taxes payable
Accrued expenses payable
Other
161,126
113,712
244,414
207,603
94,173
175,265
$2,844,167
$3,851,293
Non-current:
Related parties
$
$
$4,169,016
$ 703,348
153
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