21. Finance income and cost
An analysis of finance income is as follows:
|
|
|
2017 |
|
2016 |
|
2015 |
|
|||
|
Interest on cash and equivalents |
|
Ps. |
105,151 |
|
Ps. |
78,793 |
|
Ps. |
47,029 |
|
|
Interest on recovery of guarantee deposits |
|
644 |
|
23,792 |
|
— |
|
|||
|
Others |
|
— |
|
6 |
|
5 |
|
|||
|
|
|
|
|
|
|
|
|
|||
|
|
|
Ps. |
105,795 |
|
Ps. |
102,591 |
|
Ps. |
47,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
An analysis of finance cost is as follows:
|
|
|
2017 |
|
2016 |
|
2015 |
|
|||
|
Cost of letter credit notes |
|
Ps. |
42,294 |
|
Ps. |
28,067 |
|
Ps. |
18,279 |
|
|
Interest on debts and borrowings* |
|
37,565 |
|
1,245 |
|
— |
|
|||
|
Bank fees and others |
|
5,279 |
|
5,804 |
|
3,424 |
|
|||
|
Other finance costs |
|
1,219 |
|
— |
|
— |
|
|||
|
|
|
|
|
|
|
|
|
|||
|
|
|
Ps. |
86,357 |
|
Ps. |
35,116 |
|
Ps. |
21,703 |
|
|
|
|
|
|
|
|
|
|
|
|
|
* The borrowing costs related to the acquisition or construction of qualifying assets are capitalized as part of the cost of the asset (Note 12) Interest expense not capitalized is related to the short term working capital facility from Citibanamex..
|
|
|
2017 |
|
2016 |
|
2015 |
|
|||
|
Interest on debts and borrowings |
|
Ps. |
230,954 |
|
Ps. |
96,690 |
|
Ps. |
90,057 |
|
|
Capitalized interest (Note 12) |
|
(193,389 |
) |
(95,445 |
) |
(90,057 |
) |
|||
|
|
|
|
|
|
|
|
|
|||
|
Net interest on debts and borrowing in the consolidated statements of operations |
|
Ps. |
37,565 |
|
Ps. |
1,245 |
|
Ps. |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|