Avianca Holdings S.A. | CIK:0001575969 | 3

  • Filed: 5/1/2018
  • Entity registrant name: Avianca Holdings S.A. (CIK: 0001575969)
  • Generator: S2 Filings
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1575969/000119312518145256/0001193125-18-145256-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1575969/000119312518145256/avh-20171231.xml
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  • ifrs-full:DisclosureOfOperatingSegmentsExplanatory

    The Company’s revenues by business segment for the years ended December 31, 2017 are as follows:

     

         For the year ended December 31, 2017  
         Air
    transportation
         Loyalty      Eliminations      Consolidated  
    Revenue (1)                                    
    External customers    $ 4,167,658      $ 274,026      $ —        $ 4,441,684  
    Inter-segment      112,037        4,366        (116,403      —    
                                         
    Total revenue      4,279,695        278,392        (116,403      4,441,684  
             
    Cost of loyalty rewards      55,604        126,505        (105,967      76,142  
    Operating expenses      3,741,852        30,122        (13,489      3,758,485  
    Depreciation and amortization      313,314        12,876        (12,777      313,413  
    Interest expense      174,657        8,675        —          183,332  
    Interest income      (12,978      (1,550      —          (14,528
    Derivative instruments      2,536        —          —          2,536  
    Foreign exchange      20,161        2        —          20,163  
    Income tax expense      19,457        652        —          20,109  
                                         
    Net (loss) profit for the period    $ (34,908    $ 101,110      $ 15,830      $ 82,032  
                                         
             
    Total Assets    $ 6,796,848      $ 248,919      $ (184,371    $ 6,861,396  
                                         
    Total Liabilities    $ 5,082,763      $ 545,951      $ (107,018    $ 5,521,696  
                                         

      

    The Company’s revenues by business segment for the years ended December 31, 2016 are as follows:

     

         For the year ended December 31, 2016  
         Air
    transportation
         Loyalty      Eliminations      Consolidated  
    Revenue (1)                                    
    External customers    $ 3,898,271      $ 240,067      $ —        $ 4,138,338  
    Inter-segment      89,071        3,834        (92,905      —    
                                         
    Total revenue      3,987,342        243,901        (92,905      4,138,338  
             
    Cost of loyalty rewards      53,901        120,589        (78,785      95,705  
    Operating expenses      3,509,122        19,617        (14,122      3,514,617  
    Depreciation and, amortization      269,534        12,789        (12,777      269,546  
    Interest expense      172,381        249        —          172,630  
    Interest income      (13,960      906        —          (13,054
    Derivative instruments      (3,321      —          —          (3,321
    Foreign exchange      23,952        (13      —          23,939  
    Income tax expense      32,384        1,706        —          34,090  
                                         

    Net (loss) profit for the

    period

       $ (56,651    $ 88,058      $ 12,779      $ 44,186  
                                         
             
    Total Assets    $ 6,328,740      $ 227,382      $ (204,787    $ 6,351,335  
                                         
    Total Liabilities    $ 4,842,190      $ 203,542      $ (114,658    $ 4,931,074  
                                         

     

    (1) Loyalty revenue for miles redeemed is allocated to passenger revenue and, other loyalty revenue is recorded in other revenue.