United states securities and exchange commission

 

F-3

Table of Contents

CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. AND SUBSIDIARIES

(d.b.a. VOLARIS)

Consolidated Statements of Financial Position

(In thousands of Mexican pesos)

 

		2016 (Thousands of U.S.				At December 31,
		dollars*)				2016				2015
Assets
Current assets:
Cash and cash equivalents (Note 6)		US$	342,201			Ps.	7,071,251			Ps.	5,157,313
Accounts receivable:
Other accounts receivable, net (Note 8)			20,683				427,403				263,022
Recoverable value added tax and others			16,567				342,348				156,905
Recoverable income tax			9,338				192,967				15,028
Inventories (Note 9)			11,802				243,884				163,073
Prepaid expenses and other current assets (Note 10)			75,616				1,562,526				585,276
Financial instruments (Notes 3 and 5)			26,303				543,528				10,123
Guarantee deposits (Note 11)			56,485				1,167,209				873,022
Total current assets			558,995				11,551,116				7,223,762
Non-current assets:
Rotable spare parts, furniture and equipment, net (Note 12)			122,194				2,525,008				2,549,650
Intangible assets, net (Note 13)			5,519				114,041				94,649
Financial instruments (Notes 3 and 5)			15,693				324,281				68,602
Deferred income taxes (Note 19)			27,054				559,083				544,598
Guarantee deposits (Note 11)			317,454				6,559,878				4,692,603
Other assets			7,180				148,364				57,640
Total non-current assets			495,094				10,230,655				8,007,742
Total assets		US$	1,054,089			Ps.	21,781,771			Ps.	15,231,504
Liabilities and equity
Short-term liabilities:
Unearned transportation revenue		US$	104,218			Ps.	2,153,567			Ps.	1,957,254
Suppliers			41,706				861,805				781,094
Related parties (Note 7)			3,147				65,022				14,316
Accrued liabilities (Note 15a)			86,402				1,785,439				1,379,575
Other taxes and fees payable (Note 1q)			71,440				1,476,242				1,106,726
Income taxes payable			9,497				196,242				308,536
Financial instruments (Notes 3 and 5)			684				14,144				44,301
Financial debt (Note 5)			50,873				1,051,237				1,371,202
Other liabilities (Note 15c)			13,752				284,200				110,368
Total short-term liabilities			381,719				7,887,898				7,073,372
Long-term liabilities:
Financial instruments (Notes 3 and 5)			—				—				11,473
Financial debt (Note 5)			45,637				943,046				219,817
Accrued liabilities (Note 15b)			8,218				169,808				157,331
Other liabilities (Note 15c)			6,608				136,555				49,131
Employee benefits (Note 16)			650				13,438				10,056
Deferred income taxes (Note 19)			88,896				1,836,950				885,493
Total long-term liabilities			150,009				3,099,797				1,333,301
Total liabilities			531,728				10,987,695				8,406,673
Equity (Note 18):
Capital stock			143,900				2,973,559				2,973,559
Treasury shares			(4,034	)			(83,365	)			(91,328	)
Contributions for future capital increases			—				1				1
Legal reserve			1,851				38,250				38,250
Additional paid-in capital			87,138				1,800,613				1,791,040
Retained earnings			286,855				5,927,576				2,408,087
Accumulated other comprehensive income (loss)			6,651				137,442				(294,778	)
Total equity			522,361				10,794,076				6,824,831
Total liabilities and equity		US$	1,054,089			Ps.	21,781,771			Ps.	15,231,504