United states securities and exchange commission

 

F-57

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c) Rental expense charged to results of operations is as follows:

 

		2016				2015				2014
Aircraft and engine (Note 1p)		Ps.	5,590,058			Ps.	3,525,336			Ps.	2,534,522
Real estate:
Airports facilities			40,591				39,993				36,113
Offices, maintenance warehouse and hangar (Note 20)			33,517				25,889				20,055
Total rental expenses on real estate			74,108				65,882				56,168
Total cost of operating leases		Ps.	5,664,166			Ps.	3,591,218			Ps.	2,590,690

During the years ended December 31, 2016, 2015 and 2014 the Company entered into aircraft and spare engines sale and leaseback transactions, resulting in a gain of Ps.484,827, Ps.181,736 and Ps.14,192, respectively, that was recorded under the caption other income in the consolidated statement of operations (Note 20).

During the year ended December 31, 2011, the Company entered into aircraft and spare engines sale and leaseback transactions, which resulted in a loss of Ps.30,706. This loss was deferred on the consolidated statements of financial position and is being amortized over the contractual lease term. As of December 31, 2016 and 2015, the current portion of the loss on sale amounts to Ps.3,047 and Ps.3,047, respectively, which is recorded in the caption of prepaid expenses and other current assets (Note 10), and the non-current portion amounts to Ps.14,460 and Ps.17,507, respectively, which is recorded in the caption of other assets in the consolidated statements of financial position.

For the years ended December 31, 2016, 2015 and 2014, the Company amortized a loss of Ps.3,047, Ps.3,047 and Ps.3,047, respectively, as additional aircraft rental expense.

 

15.	Accrued liabilities

a) An analysis of accrued liabilities at December 31, 2016 and 2015 is as follows:

 

		2016				2015
Fuel and traffic accrued expenses		Ps.	922,607			Ps.	532,112
Maintenance deposits			179,288				139,214
Salaries and benefits			170,994				158,854
Maintenance and aircraft parts accrued expenses			130,897				61,861
Sales, marketing and distribution accrued expenses			102,880				123,745
Aircraft and engine lease extension benefit (Note 1j)			85,124				55,115
Accrued administrative expenses			80,981				41,212
Information and communication accrued expenses			32,950				46,383
Deferred revenue from VClub membership			32,771				44,948
Supplier services agreement			6,333				9,292
Depositary services benefit			2,068				2,068
Advances from travel agencies			1,536				86,927
Incentives from suppliers			—				47,788
Others			37,010				30,056
		Ps.	1,785,439			Ps.	1,379,575

 

F-58

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b) Accrued liabilities long-term:

 

		2016				2015
Aircraft and engine lease extension benefit (Note 1j)		Ps.	127,831			Ps.	139,213
Supplier services agreement			4,350				5,806
Depositary services benefit			1,473				3,547
Others			36,154				8,765
		Ps.	169,808			Ps.	157,331