AMERICA MOVIL SAB DE CV/ | CIK:0001129137 | 3

  • Filed: 4/26/2018
  • Entity registrant name: AMERICA MOVIL SAB DE CV/ (CIK: 0001129137)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1129137/000119312518135124/0001193125-18-135124-index.htm
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  • ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory

    22. Segments

    América Móvil operates in different countries. As mentioned in Note 1, the Company has operations in Mexico, Guatemala, Nicaragua, Ecuador, El Salvador, Costa Rica, Brazil, Argentina, Colombia, United States, Honduras, Chile, Peru, Paraguay, Uruguay, Dominican Republic, Puerto Rico, Panama, Austria, Croatia, Bulgaria, Belarus, Macedonian, Serbia and Slovenia. The accounting policies for the segments are the same as those described in Note 2.

    The Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), analyzes the financial and operating information by operating segment. All operating segments that (i) represent more than 10% of consolidated revenues, (ii) more than the absolute amount of its reported 10% of profits or loss or (iii) more than 10% of consolidated assets, are presented separately.

    The Company presents the following reportable segments for the purposes of its consolidated financial statements: Mexico (includes Telcel and Corporate operations and Assets), Telmex (Mexico), Brazil, Southern Cone (includes Argentina, Chile, Paraguay and Uruguay), Colombia, Andean (includes Ecuador and Peru), Central-America (which aggregates the operating segments of Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama), U.S.A. (excludes Puerto Rico), Caribbean (which aggregates the operating segments of Dominican Republic and Puerto Rico), and Europe (includes Austria, Bulgaria, Croatia, Belarus, Slovenia, Macedonia and Serbia).

    The Company considers that the quantitative and qualitative aspects of any aggregated operating segments (that is, Central America and Caribbean reportable segments) are similar in nature for all periods presented. In evaluating the appropriateness of aggregating operating segments, the key indicators considered included but were not limited to: (i) the similarity of key financial statement measures and trends, (ii) all entities provide telecommunications services, (iii) similarities of customer base and services, (iv) the methods to distribute services are the same, based on telephone plant in both cases, wireless and fixed lines, (v) similarities of governments and regulatory entities that oversee the activities and services of telecom companies, (vi) inflation trends, and (vii) currency trends.

     


        Mexico     Telmex     Brazil     Southern
    Cone
        Colombia     Andean     Central
    America
        U.S.A.     Caribbean     Europe     Eliminations     Consolidated
    total
     

    At December 31 2015 (in Ps.):

                           

    External revenues

        191,750,997       93,657,944       174,722,286       68,520,541       65,871,301       51,738,731       34,515,781       110,653,812       29,625,274       72,681,072       —         893,737,739  

    Intersegment revenues

        13,073,782       7,420,418       3,451,846       427,609       265,474       220,094       235,779       —         32,699       —         (25,127,701     —    
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total revenues

        204,824,779       101,078,362       178,174,132       68,948,150       66,136,775       51,958,825       34,751,560       110,653,812       29,657,973       72,681,072       (25,127,701     893,737,739  

    Depreciation and amortization

        14,261,516       15,416,456       38,219,152       8,608,518       9,279,871       6,368,233       9,699,082       741,038       5,315,349       17,938,198       (132,678     125,714,735  

    Operating income

        70,726,013       15,947,164       10,878,548       9,185,471       13,361,859       7,853,311       1,750,027       1,293,706       3,891,263       6,205,426       320,373       141,413,161  

    Interest income

        19,094,408       272,284       1,616,356       3,505,616       366,533       743,028       227,590       232,856       396,314       474,826       (22,076,799     4,853,012  

    Interest expense

        27,023,466       1,413,686       16,450,388       2,599,901       577,440       713,895       349,449       —         48,751       2,861,655       (20,841,259     31,197,372  

    Income tax

        7,976,111       2,896,465       (4,846,932     2,621,598       3,997,944       2,944,548       2,257,695       605,809       1,483,187       (756,774     —         19,179,651  

    Equity interest in net (loss) income of associated companies

        (1,512,226     65,033       (5,243     21,856       —         —         —         —         —         3,884       —         (1,426,696

    Net profit (loss) attributable to equity holders of the parent

        28,660,395       5,852,674       (12,785,017     (6,806,573     3,468,029       3,766,425       (680,599     1,142,975       2,073,287       6,157,757       4,205,419       35,054,772  

    Assets by segment

        955,534,316       163,955,665       311,838,555       118,217,618       81,170,568       87,619,264       68,425,540       36,072,729       76,084,634       182,087,483       (784,519,559     1,296,486,813  

    Plant, property and equipment, net

        57,048,006       105,177,653       147,884,562       52,735,563       44,811,656       30,254,858       37,930,783       1,783,612       29,063,549       66,838,636       —         573,528,878  

    Goodwill

        27,067,441       392,523       17,931,543       2,672,724       11,612,051       4,396,090       5,213,703       1,903,762       14,186,723       51,737,156       —         137,113,716  

    Trademarks, net

        826,446       346,566       341,750       —         522       —         —         686,052       242,175       8,856,795       —         11,300,306  

    Licenses and rights, net

        4,395,698       72,557       28,442,759       8,318,161       3,661,838       6,256,297       3,660,240       —         6,443,439       29,198,262       —         90,449,251  

    Investment in associated companies

        10,818,612       1,955,186       700       115,452       371       —         16,259       —         —         908,995       (10,705,005     3,110,570  

    Liabilities by segments

        723,559,636       139,362,960       221,907,486       101,601,641       31,254,646       33,048,503       33,514,380       31,170,822       31,727,281       121,586,194       (333,100,922     1,135,632,627  

    At December 31, 2016 (in Ps.):

                           

    External revenues

        187,127,903       93,343,612       193,796,237       71,553,356       67,330,768       55,825,972       42,131,666       140,856,365       36,467,781       86,978,828       —         975,412,488  

    Intersegment revenues

        16,438,858       8,872,248       3,560,388       776,719       257,767       304,834       289,465       —         30,210       —         (30,530,489     —    
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total revenues

        203,566,761       102,215,860       197,356,625       72,330,075       67,588,535       56,130,806       42,421,131       140,856,365       36,497,991       86,978,828       (30,530,489     975,412,488  

    Depreciation and amortization

        16,451,496       17,150,013       47,170,935       9,739,634       11,283,749       7,764,474       10,474,681       1,073,623       5,225,498       22,525,050       (333,232     148,525,921  

    Operating income

        48,219,505       12,275,892       6,325,323       8,317,053       11,209,959       6,086,638       3,830,974       1,220,601       6,143,183       5,388,595       592,587       109,610,310  

    Interest income

        28,659,372       303,915       3,747,684       2,649,539       104,304       944,945       462,779       239,797       691,132       286,784       (33,897,656     4,192,595  

    Interest expense

        32,004,944       1,135,552       22,970,335       5,049,457       1,079,989       1,147,380       411,597       —         143,322       2,953,033       (33,033,597     33,862,012  

    Expenses (income) tax

        2,502,242       921,803       (4,294,040     2,021,090       4,456,750       1,768,066       3,291,776       767,295       2,542,080       (2,578,206     —         11,398,856  

    Equity interest in net income (loss) of associated companies

        67,472       116,368       (270     (23,319     —         —         171       —         —         29,528       —         189,950  

    Net profit (loss) attributable 
    to equity holders of the parent

        378,150       902,282       (10,357,493     3,765,015       4,022,633       3,621,863       538,890       987,790       3,318,960       7,065,769       (5,594,432     8,649,427  

    Assets by segment

        1,070,598,204       161,133,722       461,831,754       140,617,162       103,361,235       113,839,981       80,832,029       42,812,349       93,941,695       227,288,156       (981,214,013     1,515,042,274  

    Plant, property and equipment, net

        64,893,242       112,220,236       203,270,555       67,023,143       59,690,886       37,716,772       41,808,573       1,949,166       33,854,428       78,763,065       —         701,190,066  

    Goodwill

        27,186,328       213,926       26,106,622       3,006,448       14,659,891       5,948,335       5,652,268       3,464,217       14,186,723       52,207,877       —         152,632,635  

    Trademarks, net

        615,318       307,881       366,727       —         194       —         —         788,228       284,665       10,203,880       —         12,566,893  

    Licenses and rights, net

        5,887,092       42,867       41,496,209       8,760,860       4,603,793       12,882,210       3,993,120       —         7,694,798       30,670,315       —         116,031,264  

    Investment in associated companies

        7,605,220       2,218,824       699       81,284       470       —         17,390       —         —         1,072,778       (7,393,181     3,603,484  

    Liabilities by segments

        798,044,609       117,663,161       349,915,118       124,149,687       40,811,337       52,949,608       38,095,161       41,369,767       44,790,656       121,928,202       (485,698,799     1,244,018,507  

    At December 31, 2017 (in Ps.):

                           

    External revenues

        190,022,612       89,731,238       210,536,673       81,092,885       72,435,460       56,393,595       44,094,835       148,589,487       35,092,578       93,644,172       —         1,021,633,535  

    Intersegment revenues

        16,748,428       8,753,525       4,785,601       1,250,983       304,555       177,856       187,086       44       122,656       —         (32,330,734     —    
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total revenues

        206,771,040       98,484,763       215,322,274       82,343,868       72,740,015       56,571,451       44,281,921       148,589,531       35,215,234       93,644,172       (32,330,734     1,021,633,535  

    Depreciation and amortization

        17,030,251       18,902,238       51,486,652       10,639,591       12,373,790       8,328,705       9,668,439       1,594,727       5,349,757       25,222,962       (422,170     160,174,942  

    Operating income (loss)

        50,666,028       7,921,524       11,601,369       11,676,427       (4,704,165     5,650,477       5,252,401       2,915,123       4,752,168       4,523,857       (111,906     100,143,303  

    Interest income

        30,083,437       619,748       3,792,242       2,884,613       211,521       1,793,974       1,064,992       394,196       1,111,980       307,021       (39,338,076     2,925,648  

    Interest expense

        32,185,868       1,028,593       23,578,083       4,637,989       1,955,688       1,573,929       485,684       —         377,727       2,035,716       (37,558,496     30,300,781  

    Expenses (income) tax

        18,142,482       387,145       (2,991,377     3,535,302       (1,874,594     1,806,085       2,025,618       1,803,555       3,529,253       (1,417,358     (4,600     24,941,511  

    Equity interest in net income (loss) of associated companies

        99,044       16,564       (232     (9,801     —         —         —         —         —         (14,190     —         91,385  

    Net profit (loss) attributable 
    to equity holders of the parent

        26,321,442       184,387       (6,617,381     4,421,938       (6,209,530     1,595,382       3,713,301       1,793,875       1,262,073       5,656,132       (2,795,698     29,325,921  

    Assets by segment

        1,033,036,406       170,402,561       428,281,963       133,136,177       108,362,023       113,478,626       81,529,691       40,761,830       88,672,466       203,858,243       (915,308,134     1,486,211,852  

    Plant, property and equipment, net

        59,137,555       109,713,770       187,459,628       69,006,093       57,060,931       35,930,966       39,050,481       1,693,642       32,173,524       85,116,608       —         676,343,198  

    Goodwill

        27,102,384       213,926       24,708,739       3,073,444       13,981,033       6,113,495       5,597,990       3,341,956       14,186,723       53,143,542       —         151,463,232  

    Trademarks, net

        406,723       274,786       246,557       —         —         —         —         631,024       262,641       8,116,076       —         9,937,807  

    Licenses and rights, net

        11,457,720       13,175       35,662,305       8,885,086       4,197,498       11,295,202       3,376,106       —         7,276,039       31,141,255       —         113,304,386  

    Investment in associated companies

        469,662       546,872       640       63,110       451       —         16,999       —         —         806,950       1,830,488       3,735,172  

    Liabilities by segments

        794,598,013       133,428,178       322,620,030       119,123,646       54,756,152       48,656,628       35,501,900       38,249,957       43,978,410       119,240,533       (484,575,112     1,225,578,335