Acquisitions and disposals (Tables)

12 Months Ended

Dec. 31, 2019

The details of this business combination are as follows:

	2019
Fair value of the consideration transferred	$	51,126

Recognized amounts of identifiable net assets
Cash and cash equivalents		671
Other current assets		8,703
Land		122,481
Construction in progress		23,595
Total identifiable assets		155,450

Accounts payable		113,777
Other liabilities		373
Total liabilities assumed		114,150
Identifiable net assets	$	41,300
Goodwill on acquisition	$	9,826

Consideration transferred settled in cash	$	51,126
Cash and cash equivalents acquired receive on acquisition		(671	)
Net cash outflow on acquisition	$	50,455

At the date of sale, the value of the assets of those subsidiaries and the consideration received was as follows:

	Snekke, S.A. de C.V. (a)		Bamorau Servicios, S.A.P.I. de C.V.		Total
Current assets
Other accounts receivable	$	27,786	$	-	$	27,786
Other current assets		5,388		-		5,388
Total current assets		33,174		-		33,174

Non-current assets
Property		339,038		-		339,038
Total assets	$	372,212		-	$	372,212

Short-term liabilities
Other accounts payable	$	25,243		-	$	25,243
Total short-term liabilities		25,243		-		25,243

Long-term liabilities
Deferred income tax		58,920		-		58,920
Total liabilities	$	84,163		-	$	84,163

Total net assets	$	288,049		-	$	288,049

Consideration transferred		543,184		24,609		567,793
Gain on the disposition of subsidiaries	$	255,135	$	24,609	$	279,744

As at the date of the sale, the carrying value of net assets and the consideration received were as follows:

	TMM DM			Other subsidiaries			Total
Current assets
Cash and cash equivalents	$	212,332		$	-		$	212,332
Trade receivables		537,808			-			537,808
Other current assets		142,956			-			142,956
Total current assets		893,096			-			893,096

Non-current
Vessels and equipment, net		7,442,415			-			7,442,415
Other non-current assets		8,530			340,019			348,549
Total assets	$	8,344,041		$	340,019		$	8,684,060

Short-term liabilities
Trust certificates	$	709,589			-		$	709,589
Other short-term liabilities		439,265			-			439,265
Total short-term liabilities		1,148,854			-			1,148,854

Long-term liabilities
Trust certificates		9,731,357			-			9,731,357
Other long-term liabilities		922,297			-			922,297
Total liabilities		11,802,508			-			11,802,508

Total net assets	$	(3,458,467	)		340,019		$	(3,118,448	)

Consideration transferred		-			(66,987	)		(66,987	)
Investment retained by Grupo TMM		-			-			-
(Gain) loss on the disposition of subsidiaries	$	(3,458,467	)	$	273,032		$	(3,185,435	)