Investor Presentaiton
74
C.
Payables with related parties are:
Gestor de Activos Prisma, SAPI de CV (1)
Prisma Torreón, SAPI de CV (2)
Hotelera Saltillo, SAPI de CV (2)
Prisma Norte, SA de CV
Asesor de Activos Prisma, SAPI de CV (3)
Fideicomiso F/1765
Operadora México Servicios y Restaurantes, SAPI de CV (2)
Less: Current portion of the liability
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$
5,003,879
$
3,747,779
a.
1,410,077
902,603
b.
800,000
166,990
13,053
12,044,381
(10,000,159)
2,044,222
(1)
Services of hotel management and staff. The Trust maintains a liability that correspond to the total
cost of the services provided by the hotel staff of Fibra INN with Gestor de Activos Prisma, SAPI de
CV, which includes a 1% margin charged by the related party. Additionally, a long-term liability of
$2,044,222 is included, which corresponds to labor obligations.
(2) Primarily derived from payments made on behalf of the Trust, as well as for services of the period
that partially corresponds to the Trust.
(3)
Administrative advisory services
10. Trustors' equity-
Contributions-
The Trust's equity consists of a contribution of $20,000 and of the proceeds of the issue of CBFIs.
As described in note 1, on March 13, 2013, the Trust carried out an IPO of CBFIs in Mexico and other
international markets (the "Offering"). The overall amount of both the primary and secondary Offerings
is $4,834,683,033, where 261,334,218 CBFIs were offered, with an over-allotment of $18.5, in the Mexican
Stock Exchange (Bolsa Mexicana de Valores (BMV)), and in foreign markets.
In relation to the Offering, certain shareholders contributed to Fibra INN the hotels that comprise the
Acquisition Portfolio in Exchange for CBFIs, valued at $1,773,820,515, representing 95,882,190 CBFIs, as
mentioned in note 1.
C.
As of December 31, 2013, there are 258,334,218 CBFIs outstanding (which includes the "over-allotment"),
which represent $4,779,183,033 and 3,000,000 CBFIs in treasury that represent $55,500,000.
Distributions-
75
75
a.
d.
The benefits granted to key management personnel during the period are shown below:
$
16,794,003
14,869,623
b.
Short term benefits
Equity based compensation
Total
$
31,663,626
Fibra INN has constituted a long term compensation plan for certian elegible executives, which consists in
granting 3,000,000 equity instruments (CBFIs), conditioned to their employment for a period of 3 years.
This compensation plan qualifies as consideration under the scope of IFRS 2, Share-based Payment. The
service provided and the corresponding increase in equity of the Trust is measured at fair value, which is
the market value of the equity instruments at the grant date. The Trust recognized a total amount of
$14,869,623 for services received during the period based on the best estimate of the number of
instruments that are expected to vest, with a corresponding increase in equity.
C₁
On April 22, 2013, the Technical Comittee of Fibra INN approved through the authorization of the majority
of its independent members distributions for a total of $5,920,878, with a value of $ 0.0229 per CBFI. On
the same date, additional distributions for a total of $1,272,100, with a value of $0.0049 per CBFI were
approved. This distribution was paid by Fibra INN on May 15, 2013.
On July 24, 2013, the Technical Comittee of Fibra INN approved through the authorization of the majority
of its independent members distributions for a total amount $4,296,578, with a value of $0.0166 per CBFI.
On the same date, additional distributions for a total of $48,993,603, with a value of $0.1897 per CBFI
were approved. This distribution was paid by Fibra INN on August 20, 2013.
On October 23, 2013, the Technical Comitte of Fibra INN approved through the authorization of the majority
of its independent members distributions for a total amount of $26,834,501, with a value of $ 0.1039 per
CBFI. On the same date, additional distributions for a total of $33,570,843, with a value of $0.1300 per
CBFI were approved. This distribution was paid by Fibra INN on November 19, 2013.View entire presentation