NOTE 19. DISCLOSURES OF CASH FLOW
The following items represent non-cash transactions and are presented for disclosure purposes:
| For the years ended December 31, | ||||||||||||
| 2017 | 2016 | 2015 | ||||||||||
|
Operating activities |
||||||||||||
|
Employee benefits equity effect(i) |
Ps. 12,038,710 | Ps. 106,277,761 | Ps. 78,556,569 | |||||||||
|
Net (benefits) cost of the year for employee benefits(i) |
108,073,074 | 109,738,416 | (62,549,142 | ) | ||||||||
|
Investing activities(ii) |
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|
Available-for-sale financial assets |
5,564,130 | 207,817 | (3,206,316 | ) | ||||||||
|
Financing activities |
||||||||||||
|
Financed Public Works Contracts |
— | 146,217,292 | 2,001,093 | |||||||||
|
Currency translation effect |
(7,597,283 | ) | 21,386,902 | 13,262,101 | ||||||||
|
Accrued interest |
8,734,131 | 9,326,945 | 4,816,784 | |||||||||
| (i) | Items that do not impact cash flows but that reflect the actuarial valuation at the end of the year. |
| (ii) | Non-cash investing transactions are included in Note 12-d. |
Material changes in liabilities from financing activities are disclosed in Note 15.