15. Tangible assets
a) Changes
The changes in Tangible assets in the consolidated balance sheet were as follows:
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
Cost: |
|
|
|
|
|
Balances at January 1, 2016 |
|
|
10,632 |
|
|
Additions |
|
|
1,096 |
|
|
Disposals |
|
|
(114) |
|
|
Balances at December 31, 2016 |
|
|
11,614 |
|
|
Additions |
|
|
1,816 |
|
|
Disposals |
|
|
(123) |
|
|
Balances at December 31, 2017 |
|
|
13,307 |
|
|
|
|
|
|
|
|
Accumulated depreciation: |
|
|
|
|
|
Balances at January 1, 2016 |
|
|
(5,085) |
|
|
Additions |
|
|
(953) |
|
|
Disposals |
|
|
116 |
|
|
Balances at December 31, 2016 |
|
|
(5,922) |
|
|
Additions |
|
|
(1,010) |
|
|
Disposals |
|
|
123 |
|
|
Balances at December 31, 2017 |
|
|
(6,809) |
|
|
|
|
|
|
|
|
Balances at December 31, 2016 |
|
|
5,692 |
|
|
Balances at December 31, 2017 |
|
|
6,498 |
|
As of December 31, 2017, there are no restrictions on title and no tangible assets have been pledged as security for liabilities.
In the second quarter of 2012, the Bank entered into an agreement with a non-related party, Fibra Uno, S.A. de C.V. (hereinafter, Fibra Uno) regarding the sale of 220 properties (branches, offices and parking spaces) and the subsequent leaseback thereof for a term of 20 years.
The corresponding lease contract, which is accounted for as an operating lease, is non-cancellable and includes an option to renew up to an additional four consecutive periods of five years each with a market rate to be determined on the date of the renewal. The lease agreement includes rent adjustments based on the INPC and does not contain volume-based or leveraged contingent rent payment clauses or purchase options, or impose any restrictions on the Bank’s ability to pay dividends, engage in debt financing transactions or enter into further lease agreements. The lease payments are recognized as Other general administrative expenses in the consolidated income statement.
As of December 31, 2017, the future minimum lease payments required under the Bank’s operating leases are as follows:
|
|
|
|
12/31/2017 |
||||||
|
|
|
|
|
|
|
Other Operating |
|
|
|
|
Operating Lease Due |
|
|
Fibra Uno |
|
|
Leases |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
2018 |
|
|
276 |
|
|
1,393 |
|
|
1,669 |
|
2019 |
|
|
276 |
|
|
1,062 |
|
|
1,338 |
|
2020 |
|
|
276 |
|
|
828 |
|
|
1,104 |
|
2021 |
|
|
276 |
|
|
683 |
|
|
959 |
|
2022 |
|
|
276 |
|
|
518 |
|
|
794 |
|
2023 and thereafter |
|
|
2,572 |
|
|
1,254 |
|
|
3,826 |
|
Total commitments for minimum payments under operating lease |
|
|
3,952 |
|
|
5,738 |
|
|
9,690 |
b) Breakdown
The breakdown by asset class of Tangible assets for own use in the consolidated balance sheet is as follows:
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
Depreciation |
|
|
Impairment Losses |
|
|
Carrying Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Buildings |
|
|
7,900 |
|
|
(3,902) |
|
|
— |
|
|
3,998 |
|
IT equipment and fixtures |
|
|
2,036 |
|
|
(1,082) |
|
|
— |
|
|
954 |
|
Furniture and vehicles |
|
|
1,568 |
|
|
(938) |
|
|
— |
|
|
630 |
|
Others |
|
|
110 |
|
|
— |
|
|
— |
|
|
110 |
|
Balances at December 31, 2016 |
|
|
11,614 |
|
|
(5,922) |
|
|
— |
|
|
5,692 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Buildings |
|
|
8,057 |
|
|
(4,492) |
|
|
— |
|
|
3,565 |
|
IT equipment and fixtures |
|
|
2,857 |
|
|
(1,290) |
|
|
— |
|
|
1,567 |
|
Furniture and vehicles |
|
|
1,670 |
|
|
(1,027) |
|
|
— |
|
|
643 |
|
Others |
|
|
723 |
|
|
— |
|
|
— |
|
|
723 |
|
Balances at December 31, 2017 |
|
|
13,307 |
|
|
(6,809) |
|
|
— |
|
|
6,498 |