United states securities and exchange commission

The accompanying notes are an integral part of these consolidated financial statements.

 

F-6

Table of Contents

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

(d.b.a. VOLARIS)

Consolidated Statements of Changes in Equity

For the years ended December 31, 2016, 2015 and 2014

(In thousands of Mexican pesos)

 

		Capital stock				Treasury shares				Contributions for future capital increases				Legal reserve				Additional paid-in capital				Retained earnings (Accumulated losses)				Remeasurement of employee benefits				Cash flow hedges				Exchange differences on translation of foreign operations				Total equity
Balance as of January 1, 2014		Ps.	2,973,559			Ps.	(107,730	)		Ps.	1			Ps.	38,250			Ps.	1,785,744			Ps.	(660,967	)		Ps.	(375	)		Ps.	(66,112	)		Ps.	—			Ps.	3,962,370
Treasury shares			—				(7,059	)			—				—				—				—				—				—				—				(7,059	)
Long-term incentive plan cost (Note 17)			—				—				—				—				1,046				—				—				—				—				1,046
Net income for the period			—				—				—				—				—				605,184				—				—				—				605,184
Other comprehensive loss items			—				—				—				—				—				—				(1,107	)			(90,654	)			—				(91,761	)
Total comprehensive income (loss)			—				—				—				—				—				605,184				(1,107	)			(90,654	)			—				513,423
Balance as of December 31, 2014			2,973,559				(114,789	)			1				38,250				1,786,790				(55,783	)			(1,482	)			(156,766	)			—				4,469,780