2020 Annual Report
2020 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
Megacable Holdings, S.A.B. de C.V. and subsidiaries
Consolidated Statements of Cash Flows
Years ended December 31 2020 and 2019
(Thousands of Mexican pesos)
These financial statements have been translated from Spanish, the original language and for the convenience of foreign/
English-speaking readers
MEGACABLE.
2020
2019
Investing activities:
Prepayments
(2,007,401)
2020
2019
Amounts collected on loans to related parties
205,454
Proceeds from the sale of property, networks, and equipment
16,919
162,688
12,217
Operating activities:
Net profit
$ 4,524,255
4,452,595
Acquisition of machinery, furniture, and equipment
Lease acquisitions
(5,322,435)
(7,220,855)
(155,550)
Items related to investment activities:
Other non-current assets
(278,051)
30,227
Allowance for credit losses
111,224
53,639
Decrease in intangible assets
125,608
(166,184)
Depreciation
4,318,172
3,561,523
Acquisition of intangible
(266,731)
Depreciation of leases
139,146
302,925
Contribution to other permanent investments
(129,315)
(139,738)
Amortization
232,168
272,257
Interest income
145,993
309,311
Loss on sale of property, system, and equipment
448,732
Interest income
(145,993)
14,448
(311,086)
Net cash flows from investing activities
(7,243,228)
(7,434,615)
Allowance for obsolete inventories
Impairment of other permanent investment
Income tax
Items related to financing activities:
Interest expense
Unrealized exchange rate fluctuations
6,304
88,500
1,335,496
11,717
1,320,611
571,719
(7,636)
661,807
2,290
Financing activities:
Bank loans received
Loans granted to related parties
Repayment of bank loans
Payment of finance lease liabilities
Dividend payments
6,415,109
(100,359)
(194,447)
(148,440)
(3,808,716)
(1,735,265)
(409,115)
(1,619,548)
(1,918,448)
Subtotal
11,622,087
10,342,726
Minority shareholder redemptions
(25,070)
(144,402)
Minority shareholder contributions
(2,405)
Changes in working capital:
Accounts receivable
Value added tax and others
Related parties, net
Inventories
Prepayments
42,263
(24,725)
131,748
29,403
128,913
(141,806)
(346,217)
Purchase and sale of own shares
Interest expense
49,848
(80,430)
(516,081)
(661,807)
247,077
Net cash flows from financing activities
(4,097,320)
(802,256)
(51,928)
(12,764)
Net increase (net decrease) in cash and cash equivalents
2,045,953
(1,110,035)
Suppliers
1,802,766
(468,893)
Other accounts payable
836,700
Employee benefits
(74,422)
(39,264)
51,544
Cash and cash equivalents:
At the beginning of the year
Unrealized exchange fluctuation of cash and cash equivalents
2,210,065
3,572
3,330,216
(10,116)
Net cash flows from operating activities
14,494,733
9,580,475
At the end of the year
4,259,590
2,210,065
Paid employee profit-sharing
Income tax
(28,778)
(1,079,454)
(24,676)
(2,428,963)
The accompanying notes are an integral part of these consolidated financial statements.
Net cash from operating activities
13,386,501
7,126,836
Lic. Enrique Yamuni Robles
CHIEF EXECUTIVE OFFICER
C.P. Luis Antonio Zetter Zermeño
CHIEF FINANCE AND ADMINISTRATION OFFICER
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