United states securities and exchange commission

Consolidated statements of operations

 

Instrument		Financial statements line		2016				2015				2014
Jet fuel swap contracts		Fuel		Ps.	—			Ps.	(128,330	)		Ps.	(85,729	)
Jet fuel Asian call options contracts		Fuel			(305,166	)			(112,675	)			—
Interest rate swap contracts		Aircraft and engine rent expenses			(48,777	)			(46,545	)			(39,610	)
Total				Ps.	(353,943	)		Ps.	(287,550	)		Ps.	(125,339	)

The following table summarizes the net (loss) gain on CFH before taxes recognized in the consolidated statements of comprehensive income for the years ended December 31, 2016, 2015 and 2014:

Consolidated statements of other comprehensive income (loss)

 

Instrument		Financial statements line				2016				2015				2014
Jet fuel swap contracts			OCI			Ps.	—			Ps.	—			Ps.	(125,228	)
Jet fuel Asian call options contracts			OCI				583,065				(221,592	)			(26,934	)
Interest rate swap contracts			OCI				41,629				27,723				22,656
Total						Ps.	624,694			Ps.	(193,869	)		Ps.	(129,506	)

 

F-44

Table of Contents

5.	Financial assets and liabilities

At December 31, 2016 and 2015, the Company’s financial assets are represented by cash and cash equivalents, trade and other accounts receivable, accounts receivable with carrying amounts that approximate their fair value.

 

a)	Financial assets

 

		2016				2015
Derivative financial instruments designated as cash flow hedges (effective portion recognized within OCI)
Jet fuel Asian call options		Ps.	867,809			Ps.	78,725
Total financial assets		Ps.	867,809			Ps.	78,725
Presented on the consolidated statements of financial position as follows:
Current		Ps.	543,528			Ps.	10,123
Non-current		Ps.	324,281			Ps.	68,602

 

b)	Financial debt

 

(i)	At December 31, 2016 and 2015, the Company’s short-term and long-term debt consists of the following: