2020 Annual Report
2020 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
The movement of the established benefit obligation was as follows:
Initial balance at January 1,
Labor cost
Finance cost
Remeasurement:
(Gains) losses from experience
Final balance at December 31
2020
191,633
2019
The movement of the established benefit obligation was as follows:
2020
150,957
Initial balance at January 1,
(55,813)
13,203
20,331
Labor cost
12,412
Finance cost
Remeasurement:
34,560
7,933
Losses from experience
$
183,583
191,633
Other movements for remeasurements and/or past service
labor cost
Final balance at December 31
b)
Retirement benefits
The economic assumptions in nominal and real terms used were:
2020
Discount rate
Inflation rate
Salary increase rate
The net cost of the period is integrated as follows:
Labor cost
Plan improvements or modifications
Finance cost
Net period cost
S
es
2020
6.50%
3.50%
4.50%
(7,210)
146
1,144
(5,920)
2019
2019
The amount included as a liability in the consolidated statements of financial position is integrated as follows:
2020
2019
S
Within subsidiary Tele Asesores, S.A. de C.V., there is a plan asset for $ 85,960.
MEGACABLE.
2019
86,074
75,206
(7,210)
366
1,144
2,045
146
8,457
(60,452)
19,702
86,074
The sensitivity analysis of the main assumptions of established benefit obligations were as follows:
7.50%
3.50%
4.75%
Impact on established benefit obligations
Change of assumption
Change in obligation
Discount rate
Discount rate
+1%
-1%
Decreases by 5.48%
Increases by 6.78%
The weighted average duration of the established benefit obligation is 8.01 years.
367
8,456
2,045
c)
Pension plan
10,868
Defined benefit obligations
es
19,702
86,074
Liabilities in the consolidated statement of financial position
$
19,702
86,074
Management has a ten-year pension plan based on annual contributions. These contributions are managed in the Sura
Investment Management México account. The annual contributions made during 2020 and 2019 were $8,291 and $8,798,
respectively.
Pursuant to the provisions of the plan, employees who meet the following are eligible to participate in the plan: be an employee
with an indefinite-term individual employment contract, be an executive-level employee with three or more years of pensionable
service at the date of implementation of the plan, stay in the company for a minimum period of five years after the date of
implementation of the plan, determine the percentage of savings that will be allocated to the long-term savings vehicle, as
well as the designation of its contingent beneficiaries for delivery of the benefits. The period of pensionable service will be
considered in years and complete months of uninterrupted services from the time employees are hired and through their
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