2020 Annual Report

2020 ANNUAL REPORT CONSOLIDATED FINANCIAL STATEMENTS (*) Employees benefits and compensation is as follows: Salaries, benefits and bonuses Commissions Taxes and fees Employee profit sharing (22) Analysis of other income, net- Other income Bonuses received Exempt income Provision reconciliations Tax restatement Cash Surpluses Cancellation of provisions Others Total other income ss ss ss S 2020 2020 2019 (23) Finance income and costs- 2,470,967 2,427,015 Finance costs: 783,261 1,025,592 Interest on bank loans 896,322 855,353 Interest on loans with related parties (Note 25) 30,844 28,450 Interest on leases Changes losses, net 4,181,394 4,336,410 Finance costs 2019 Finance income: Interest income from short-term bank deposits Interest income from loans to related parties (Note 25) Finance income 58,292 3,187 22,327 35,248 Total 7,472 5,206 2,351 525 1,787 1,699 (24) Commitments and Contingencies- 704 2,964 a) Commitments 95,897 45,865 Concessions S ss 2020 MEGACABLE. 2019 (456,947) (539,262) (59,134) (59,469) (55,638) (63,076) (43,395) (39,131) (615,114) (700,938) 56,845 89,148 191,621 119,465 145,993 311,086 (469,121) (389,852) Other expenses Sale of fixed assets Increase in provisions s 18,086 2,320 285 Total other expenses $ 18,086 2,605 Pursuant to the terms and conditions of the concessions, the subsidiary companies that hold concession titles granted by the SCT and/or IFT to operate the services, must comply with certain obligations. Failure by the Group to comply with said obligations could imply penalties. In addition, the Group's concessions are subject to revocation only for serious causes, such as interruption of service, repeated failure to comply with the obligations or conditions established in the concession titles, the assignment or transfer of the rights conferred by the concessions in contravention of the provisions of the Law. Total other income, net $ 77,811 43,260 In any of these cases, the concession may be revoked without the government being bound to pay any compensation to Mega Cable, S.A. de C.V. If the IFT revokes any of the Group's concessions, it could not operate within the area of the revoked concession or obtain new concessions to operate in said or any other area for a five-year period. 72

View entire presentation