ANNUAL INTEGRATED REPORT 2021
158
158
ANNUAL INTEGRATED REPORT 2021 | AXTEL
=
c. The tax charge/(credit) related to other comprehensive (loss)
income is as follows:
$ (2,468)
Before
taxes
2021
Tax
charged/
(credited)
After
taxes
Before
taxes
2020
Tax
charged/
(credited)
2019
After
taxes
Before
taxes
Tax
charged/
(credited)
After taxes
Effect of
$
currency
$
732
$
$ 732 $ 1,152
$
$ 1,152
$
-
(2,468)
translation
Derivative
financial
171,827
(51,548) 120,279 (62,399)
18,720 (43,679) (127,057)
38,117
(88,940)
instruments of
hedging
Remeasure-
ments of
85,986
(25,796) 60,190 (29,646)
8,894 (20,752) (70,625)
21,187 (49,438)
employee
benefits
$258,545
$ (77,344) $181,201 $(90,893)
$ 27,614 $(63,279) $(200,150) $
59,304 $(140,846)
to accrued results of $159,551 as a step prior to the creation of a stock
repurchase reserve.
As of December 31, 2021, 2020 and 2019, the balance of the reserve
for the repurchase of share is $190,124, $186,320 and $93,464,
respectively.
After the above-mentioned events, 19,824,236,117 Class "I", Series "B"
common nominative shares, with no par value, entirely subscribed and
paid in. As of that date, all series "B" shares issued by the Company
were placed in a trust (CPO Trust).
Movements on the number of common shares of the Company during
the year was as follows:
21
STOCKHOLDERS' EQUITY
At the Ordinary General Stockholders' Meeting held on March 5, 2021,
a reserve for the repurchase of shares of $200 million pesos was
approved. For the year ended December 31, 2021, share repurchases
were made for a total of 12,833,744 shares, which represented a
decrease in the fund of $9,876.
At the Ordinary General Stockholders' Meeting held on February 25,
2020, a reserve for the repurchase of shares of $ 400 million pesos was
approved, which was partially used. For the year ended December 31,
2020, share repurchases were made for a total of 237,843,543 shares,
which represented a decrease in the fund of $213,680.
At the General Ordinary Stockholders' Meeting held on February 26,
2019, a fund for the repurchase of shares of $150 million pesos was
approved. It was also approved to reclassify the share issue premium
Beginning balance January 1, 2019
Repurchase of shares
Shares as of December 31, 2019
Repurchase of shares
Shares as of December 31, 2020
Repurchase of shares
Shares as of December 31, 2021
Number of
shares
20,249,227,481
174,314,077
20,074,913,404
237,843,543
19,837,069,861
12,833,744
19,824,236,117
Net income for the year is subject to the legal provision requiring at
least 5% of the profit for each period to be set aside to increase the
legal reserve until it reaches an amount equivalent to one fifth of the
capital stock.
Dividends paid are not subject to income tax if paid from the Net Tax
Profit Account (CUFIN from Spanish). Dividends exceeding CUFIN
will generate income tax at the applicable rate of the period in which
they are paid. This tax incurred is payable by the Company and may
be credited against income tax in the same year or the following twoView entire presentation