ANNUAL INTEGRATED REPORT 2021
ANNUAL INTEGRATED REPORT 2021 | AXTEL
27
EMPLOYEE BENEFIT EXPENSES
Salaries, wages and benefits
Social security fees
Employee benefits
Other fees
Total
2021
$1,933,976
327,803
2020
2019
$2,191,558 $2,028,983
338,279
335,709
29,600
40,105
25,023
68,687
$2,360,066
63,791
$2,633,733
66,421
$2,456,136
Transactions with related parties for the years ended December 31,
2021, 2020 and 2019, which were carried out in terms similar to those
of arm's-length transactions with independent third parties, were as
follows:
Year ended December 31, 2021
Costs and expenses
Income
Telecommunication
Interests
services
Holding company
Affiliates
$
$
$
145,073
145,073
$
28
TRANSACTIONS WITH RELATED PARTIES
Balances with related parties as of December 31, 2021, 2020 and 2019,
were as follows:
Total
161
1671
Others
$
7,387
7,387
Income
Año terminado el
31 de diciembre de 2020
Costs and expenses
December 31, 2021
Telecommunication
Interests
Others
services
Loans received from related parties
Accounts
Accounts
Amount
Interest Currency
receivable
payable
Expiration
date
Interest
rate
Affiliates
Total
$35,260
$ 666
$
$
Holding company
Affiliates
Total
$
$ 10,625
$
$
170,756
170,756
9,480
$ 10,625
$ 9,480
$35,260 $ 666
$
$
$
-
Accounts
Accounts
Amount
receivable payable
Affiliates
Total
$ 8,202 $ 480
$ 480
$ 8,202
Holding
December 31, 2020
Loans received from related parties
Interest Currency
Expiration
date
Interest
rate
Accounts Accounts
receivable
Amount
December 31, 2019
Loans received from related parties
Interest Currency
payable
$
$ 219,600
$ 1,881
Expiration
date
MXP 28/02/19
483,748
4,144
MXP 28/02/21
Interest
rate
TIIE +
2.25%
TIIE +
2.25%
$
company
Holding
company (1)
Affiliates
23,460
Total
8,018
$23,460 $8,018 $ 703,348
Indemnification (See Note 2).
$6,025
Holding company
Affiliates
Total
Income
Telecommunication
Año terminado el
31 de diciembre de 2019
Costs and expenses
Interests
Others
services
$
$
$
84,935
$
165,087
165,087
5,803
$ 5,803
$ 84,935
For the year ended December 31, 2021, compensation and benefits paid
to the Company's main officers totaled $66,098 ($116,791 in 2020 and
$106,080 in 2019), comprised of base salary and benefits required by
law, complemented by a program of variable compensation basically
based on the Company's results and the market value of Alfa's shares.View entire presentation