|
|
|
Carrying amount |
|
Fair value |
|
||||||||||
|
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
||||||
|
Assets |
|
|
|
|
|
|
|
|
|
||||||
|
Derivative financial instruments |
|
Ps. |
497,403 |
|
Ps. |
867,809 |
|
Ps. |
497,403 |
|
Ps. |
867,809 |
|
||
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Liabilities |
|
|
|
|
|
|
|
|
|
||||||
|
Financial debt |
|
(3,476,742 |
) |
(1,988,181 |
) |
(3,481,741 |
) |
(1,988,445 |
) |
||||||
|
Derivative financial instruments |
|
— |
|
(14,144 |
) |
— |
|
(14,144 |
) |
||||||
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Total |
|
Ps. |
(2,979,339 |
) |
Ps. |
(1,134,516 |
) |
Ps. |
(2,984,338 |
) |
Ps. |
(1,134,780 |
) |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
The following table summarizes the fair value measurements at December 31, 2017:
|
|
|
Fair value measurement |
|
||||||||||
|
|
|
Quoted prices |
|
Significant |
|
Significant |
|
Total |
|
||||
|
Assets |
|
|
|
|
|
|
|
|
|
||||
|
Derivatives financial instruments: |
|
|
|
|
|
|
|
|
|
||||
|
Jet fuel Asian call options contracts* |
|
Ps. |
— |
|
Ps. |
497,403 |
|
Ps. |
— |
|
Ps. |
497,403 |
|
|
Liabilities for which fair values are disclosed: |
|
|
|
|
|
|
|
|
|
||||
|
Interest-bearing loans and borrowings** |
|
— |
|
(3,481,741 |
) |
— |
|
(3,481,741 |
) |
||||
|
|
|
|
|
|
|
|
|
|
|
||||
|
Net |
|
Ps. |
— |
|
Ps. |
(2,984,338 |
) |
Ps. |
— |
|
Ps. |
(2,984,338 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Jet fuel forwards levels and LIBOR curve.
** LIBOR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt.
There were no transfers between level 1 and level 2 during the period.
The following table summarizes the fair value measurements at December 31, 2016:
|
|
|
Fair value measurement |
|
|||||||||||
|
|
|
Quoted prices |
|
Significant |
|
Significant |
|
Total |
|
|||||
|
Assets |
|
|
|
|
|
|
|
|
|
|||||
|
Derivatives financial instruments: |
|
|
|
|
|
|
|
|
|
|||||
|
Jet fuel Asian call options contracts* |
|
Ps. |
— |
|
Ps. |
867,809 |
|
Ps. |
— |
|
Ps. |
867,809 |
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|||||
|
Derivatives financial instruments: |
|
|
|
|
|
|
|
|
|
|||||
|
Interest rate swap contracts** |
|
— |
|
(14,144 |
) |
— |
|
(14,144 |
) |
|||||
|
Liabilities for which fair values are disclosed: |
|
|
|
|
|
|
|
|
|
|||||
|
Interest-bearing loans and borrowings** |
|
— |
|
(1,988,445 |
) |
— |
|
(1,988,445 |
) |
|||||
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Net |
|
Ps. |
— |
|
Ps. |
(1,134,780 |
) |
Ps. |
— |
|
Ps. |
(1,134,780 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Jet fuel forwards levels and LIBOR curve.
** LIBOR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt.
There were no transfers between level 1 and level 2 during the period.