CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V. AND SUBSIDIARIES
Income tax from the sale of these eligible assets could be deferred, but it will ultimately be paid by the seller of the assets, if the Company sells them or the investors sell the
structured notes received as consideration for the contribution of the eligible assets. Income tax from this transaction totaled Ps. 11,636,971.
Opsimex has control over the Trust and therefore, all of its assets, liabilities and operating results have been consolidated as of the date on which the Company obtained control.
Merger of Demonsa and Telesites Internacional
At an extraordinary shareholders' meeting held on 21 June 2021, the shareholders agreed to merge Demonsa, S.A. de C.V. and Telesites Internacional, S.A. de C.V. (the disappearing
companies) into the Company (the surviving company). This merger took effect on 31 July 2021.
Purchase of passive infrastructure
On 17 November 2022, in conformity with an asset purchase agreement, the Company purchased from Teléfonos de México, S.A.B. de C.V. (Telmex) a portfolio of 194
telecommunications towers for a sale price of Ps. 1,194,180, and assumed the related rights and obligations.
On 7 December 2022, in conformity with an asset purchase agreement, the Trust purchased from Telmex a portfolio of 194 telecommunications towers for a sale price of Ps.
1,390,980, and assumed the related rights and obligations.
On 30 November 2021, in conformity with an asset purchase agreement, the Trust purchased from Telmex a portfolio of 958 telecommunications towers for a sale price of Ps.
6,993,400, and assumed the related rights and obligations.
2. BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a) Basis of preparation
The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) effective as at 31 December 2022, as issued by
the International Accounting Standards Board (IASB).
The preparation of the Company's consolidated financial statements in accordance with IFRS requires the use of critical estimates and assumptions that affect the reported amounts
of certain assets and liabilities, and revenue and expenses. It also requires management to exercise judgment in how it applies the Company's accounting policies.
The Company's functional and presentation currency is the Mexican peso.
b) Consolidation
The consolidated financial statements comprise the financial statements of the Company and those of the subsidiaries over which the Company exercises significant control. The
financial statements of the subsidiaries have been prepared for the same reporting period and following the same accounting policies as those of the Company. The companies operate
in the telecommunications sector or provide services to companies related to these activities. All intercompany balances and transactions have been eliminated on consolidation.
The operating results of the subsidiaries were included in the Company's consolidated financial statements as of the month following their constitution.
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