ANNUAL INTEGRATED REPORT 2021
144
ANNUAL INTEGRATED REPORT 2021 | AXTEL
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that cash and investments in marketable securities are sufficient to
meet operating needs.
The Company regularly monitors and makes its decisions based on
not violating its limits or covenants established in its debt contracts.
Projections consider the Company's financing plans, compliance with
covenants, compliance with minimum internal liquidity ratios and
legal or regulatory requirements.
Management's responsibility with respect to liquidity risk corresponds
to the Company's board of directors, which has established a general
framework for proper handling of liquidity risk in the short, medium
and long term. The Company manages liquidity risks, maintaining a
proper level of reserves, use of credit lines from banks, and is vigilant
of real and projected cash flows.
The following table includes the Company's derivative and non-
derivative financial liabilities grouped according to maturity from the
reporting date to the contractual maturity date. Derivative financial
liabilities are included in the analysis if their contractual maturities are
required to understand the terms of the Company's cash flows.
The figures shown in the chart are the non-discounted contractual
cash flows.
December 31, 2021
Current debt
Trade payable, related parties and
creditors
Derivative financial instruments
Non-current debt
Lease liability
Non-accrued interest payable
December 31, 2020
Current debt
Trade payable, related parties and
creditors
Derivative financial instruments
Non-current debt
Lease liability
Non-accrued interest payable
December 31, 2019
Current debt
Trade payable, related parties and
creditors
Derivative financial instruments
Non-current debt
Lease liability
Non-accrued interest payable
Less than
1 year
Between 1
and 5 years
$ 252,072
2,138,783
33,575
More than
5 years
264,264
848,246
10,890,119
203,749
2,159,402
1,799,886
16,241
43,199
$1,609,301
$
$
2,376,195
154,077
294,749
867,657
53,120
10,858,023
325,276
2,700,810
2,294,360
6,999
309,430
$ 131,632
2,905,871
51,814
451,775
1,094,108
91,898
11,355,748
401,335
3,953,055
2,630,602
12,988
706,960
$
The Company expects to meet its obligations with the cash flows
provided by operations and/or cash flows provided by its main
stockholders. Furthermore, the Company has access to credit lines as
mentioned in Note 17.
As of December 31, 2021, the Company has short-term uncommitted,
unused lines of credit for approximately $502,918 (US$24 million).
Additionally, as of December 31, 2021, Axtel has committed credit
lines for US$69 million, of which $606,755 (US$29 million) has been
used and $823,421 (US$40 million) is available.View entire presentation