ANNUAL INTEGRATED REPORT 2021
159
ANNUAL INTEGRATED REPORT 2021 | AXTEL
22
=
years. Dividends paid from previously taxed profits are not subject
to tax withholding or additional tax payments. As of December
31, 2021, the tax value of the CUFIN and tax value of the Capital
Contribution Account (CUCA from Spanish) amounted to $1,302,234
and $27,692,963, respectively.
In case of capital reduction, the procedures established by the Income
Tax Law provide that any surplus of stockholders' equity be given
over the balances of the fiscal accounts of the capital contributed, the
same tax treatment applicable to dividends.
DISCONTINUED OPERATIONS
Revenues
Cost of sales
Gross profit
Administration and selling expenses
Operating loss
Loss before taxes
Income taxes
Loss net income.
Gain on sale of the discontinued operation
Income from discontinued operations, net of income taxes
2019
$ 302,367
(263,283)
39,084
(317,567)
(278,483)
(278,483)
83,545
(194,938)
519,016
$ 324,078
As of the date of the transaction held in 2019, the gain on sale of
discontinued operations for $519,016, net of taxes, was determined
by comparing the sale price of $1,150,000, less the net assets sold,
transaction costs and tax effects for a total of $630,984.
Condensed information regarding the cash flows of the discontinued
operation for the period ended May 1, 2019:
Masive Segment Disposition
On May 1, 2019, the Company entered into a final agreement for the
divestiture of the last phase of its fiber optic business (FTTX) from the
massive segment located in León, Puebla, Toluca, Guadalajara and
Querétaro in the amount of $1,150 million pesos to Megacable Holdings,
S. A. B. de C. V. and subsidiaries ("Megacable"). Axtel transferred to
Megacable 55 thousand residential customers and micro-businesses,
1,370 km of fiber network and other assets related to the operation of
the massive segment in these cities.
Condensed information related to the consolidated statement of
income of the discontinued operation for the period ended May 1,
2019:
23
Cash flows from operating activities
Cash flows from investment activities
REVENUES
a. Income for services:
Voice
Hosting
2019
$
(29,633)
1,150,000
2021
2020
$1,023,919 $ 1,283,749
2019
$ 1,873,716
Managed networks
3,598,641
4,074,645
4,056,632
Internet data
4,553,229
4,551,367
4,419,477
Administrative applications
222,787
305,967
360,404
359,020
518,727
740,579
System integration
686,741
770,191
557,797
Security
506,289
464,395
410,300
Cloud services
335,385
298,565
269,069
Other services
103,483
88,375
95,659
Total
$11,389,494
$12,355,981
$12,783,633View entire presentation