Mandatorily convertible debentures into shares (Tables)

12 Months Ended

Dec. 31, 2017

Mandatorily convertible debentures into shares [Abstract]

Debenture conversion dates

The debentures will be converted into shares of Grupo TMM, at a rate of a value per share of $19.55 on the next conversion dates:

Conversion date	Percentage	Number of obligations to be converted
September 30, 2017	10%	1,058,628
September 30, 2019	45%	4,763,828
September 30, 2022	45%	4,763,828

Summary of components of convertible debentures

The summary of the components as at December 31, 2016 is shown below:

	2016
Total issue of debentures	$	1,058,628
Financial liability component		69,637
Interest payable		1,193
Transaction costs		(13,216	)
Financial liability component of short-term debentures	$	57,614
Financial liability component	$	113,795
Interest payable		1,950
Transaction costs		(21,596	)
Financial liability component of long-term debentures	$	94,149
Equity component	$	875,196
Interest payable		14,999
Transaction costs		(166,095	)
Equity component of debentures	$	724,100