2020 Annual Report
2020 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
MEGACABLE.
(3) Level 3 are inputs for the asset or liability that are not based on observable market data.
The fair value of assets for disposal, along with unobservable input data, are estimated by specialized independent firms
hired for each asset.
k) Fair value of derivative financial instruments
The fair values of derivative instruments that are traded in recognized markets are determined based on the prices issued
by these markets. In cases in which the instruments are traded on the over-the-counter market, the fair value of the
financial instruments is estimated based on recognized technical valuation models in the financial field, mainly using that
of expected future flows discounted at present value and based on market information available at the valuation date.
To measure the fair values the Group has used conditions and assumptions based primarily on TIIE 28 rate
structures, Mexican Interbank Interest Rate (TIIE) levels, and exchange rates under the MXN/USD parity available at
the valuation date.
The Company has performed the effectiveness tests required to comply with hedge accounting, which are in the ranges
allowed by IFRS.
I) Revenue recognition
Determination of whether service revenues are recognized over time or at a specific time.
m) Leases
Determining whether an arrangement contains a lease.
(6)
Accounts receivable, net-
An analysis of this caption is as follows:
Customers
Sundry debtors
Allowance for credit losses
Total
$
S
2020
1,780,656
265,845
2019
1,889,190
207,025
2,046,501
2,096,215
(340,811)
(237,396)
1,705,690
1,858,819
As at December 31, 2020 and 2019, in general the amounts of accounts receivable fully comply with the contractual terms.
The following information related to customer contracts is as follows:
Business market
Mass market
Other
2020
2019
2020
2019
2020
2019
(5)
Cash and cash equivalents-
Cash and cash equivalents are described as follows:
Cash and cash in banks
Readily marketable securities
Total
2020
$
1,517,505
2,742,085
$
4,259,590
2019
Opening balance
$
Closing balance
1,804,826
$ 1,551,068
1,357,054
1,804,826
48,989
116,452
85,323
48,989
35,375
113,136
52,838
35,375
As at December 31, 2020 and 2019, the Company has liabilities for contracts with customers as follows:
Business market
2020
2019
Mass market
2020
2019
1,822,596
387,469
Opening balance
Closing balance
SS
$
$
2,210,065
139,060
685,392
265,667
139,060
47,813
67,256
129,070
The book value of the Group's accounts receivable and other accounts receivable are primarily denominated in
Mexican pesos.
47,813
As at December 31, 2020 and 2019, the Company has no cash and cash equivalents subject to restrictions on their availability.
Accounts receivable that are more than 180 days old are analyzed as follows:
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