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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Right-of-Use Assets
Right-of-use assets
 
   
2023
  
   
Warehouse
      
Cranes
    
Courtyards
    
Dock
major
maintenance
    
Corporate
building
          Total  
Gross carrying amount
                                          
Balance January 1 2023
  
$
245,741
      
$
4,977
    
$
79,779
    
$
22,135
    
$
-
       $
352,632  
Additions
    
62,630
        
-
      
-
      
-
      
-
         62,630  
Disposals
    
157,746
   (a
   
-
      
23,215
   (b
 
-
      
-
    
     180,961  
Balance at December 31 2023
    
150,625
        
4,977
      
56,564
      
22,135
      
-
         234,301  
                                                     
Depreciation
                                                    
Balance January 1 2023
    
57,263
     
2,073
   
9,140
   
15,218
   
-
      83,694  
Disposals
    
68,704
  
 (a
   
-
      
9,673
   (b
 
-
      
-
    
     78,377  
Depreciation
    
64,936
        
2,488
      
8,075
      
5,534
      
-
         81,033  
Balance December 31 2023
    
53,495
     
4,561
   
7,542
   
20,752
   
-
      86,350  
Carrying amount December 31 2023
  
$
97,130
      
$
416
    
$
49,022
    
$
1,383
    
$
-
       $
147,951  

   
2022
  
   
Warehouse
    
Cranes
    
Courtyards
    
Dock
major
maintenance
    
Corporate
building
    
Total
  
Gross carrying amount
                                    
Balance January 1 2022
  
$
346,095
    
$
11,722
    
$
71,397
    
$
22,135
    
$
92,170
    
$
543,519
  
Additions
    
57,524
      
4,977
      
56,564
      
-
      
-
      
119,065
  
Disposals
    
157,878
   (d
 
11,722
      
48,182
      
-
      
92,170
   (c
 
309,952
  
Balance at December 31 2022
    
245,741
      
4,977
      
79,779
      
22,135
      
-
      
352,632
  
                                                 
Depreciation
                                                
Balance January 1 2022
    
138,709
      
11,268
      
33,459
      
9,684
      
13,167
      
206,287
  
Disposals
    
129,255
   (d
 
11,399
      
34,701
      
-
      
21,070
   (c
 
196,425
  
Depreciation
    
47,809
      
2,204
      
10,382
      
5,534
      
7,903
      
73,832
  
Balance December 31 2022
    
57,263
   
2,073
   
9,140
   
15,218
   
-
   
83,694
Carrying amount December 31 2022
  
$
188,478
    
$
2,904
    
$
70,639
    
$
6,917
    
$
-
    
$
268,938
  
 

 (a) In August 2023, Ademsa renegotiated the lease contract for the offices and warehouses in Azcapotzalco, signing a new contract for one year and two months. The net effect of this transaction (credit) in the amount of $20,227 is shown under other income (expenses).


(b) Corresponds to the cancellation of the lease contracts for the Manzanillo, Veracruz and Altamira yards of the M&R business.


(c)
It corresponds to the cancellation of the lease agreement of Torre Latino y Cuspide in August, pursuant to the accord and satisfaction contract in payment of 5 real properties with Fibra FUNO (see Note 9a). Moreover, as part of the contract, Fibra FUNO accepts to liquidate the credit in benefit of Banco de Bajío in the amount of $22,000, which gave rise to a loss on the transaction in the amount of $57,804 (see Note 18).


(d) It corresponds to the cancellation of lease agreements for warehouses used for the storage business.
Information of Lease Liabilities
As of December 31, 2023 and 2022, the information of lease liabilities is presented in the statement of financial position and is summarized below:
 
   
Short-term
    
Long-term
  
2023
            
Payable in Mexican pesos
            
Warehouse
  
$
62,390
    
$
48,326
  
Cranes
    
681
      
-
  
Courtyards
    
2,463
      
52,110
  
Major vessel maintenance
    
1,609
      
-
  
   
$
67,143
    
$
100,436
  
             
2022
            
Payable in Mexican pesos
            
Warehouse
  
$
52,581
    
$
150,091
  
Cranes
    
2,574
      
456
  
Courtyards
    
7,701
      
65,990
  
Major vessel maintenance
    
6,073
      
1,609
  
    $
68,929     $
218,146  
Leasing Activities by Type of Right-of-Use Asset
The table below describes the nature of Grupo TMM’s leasing activities by type of right-of-use asset recognized in the consolidated statement of financial position:
 
Right-of-use asset
  
No. of
right-of-use
assets
leased
    
Range of
remaining
term
(years)
    
No. of
leases with
extension
options
    
No. of
leases with
purchase
option
    
No. of
leases with
variable
payments
linked to an
index
    
No. of
leases with
termination
options
  
Warehouse
    
7
      
2 – 9
      
2
      
-
      
7
      
-
  
Courtyards
    
1
      
2 – 9
      
1
      
-
      
1
      
-
  
Cranes
    
1
      
1
      
-
      
-
      
-
      
-
  
Floating dry-dock
    1       1
       -       -       -       -  
Minimum Future Lease Payments
Lease liabilities are guaranteed with related underlying assets. Future minimum lease payments at December 31 2023 and 2022 were as follows:
 
   
Within the
1st year
    
1 to 3 years
    
3 to 5 years
    
After 5
years
    
Total
  
Balance as of December 31, 2023
                              
Lease payments
  
$
84,606
    
$
64,122
    
$
28,902
    
$
56,113
    
$
233,743
  
Financial charges
    
(17,463
)
    
(21,683
)
    
(14,328
)
    
(12,690
)
    
(66,164
)
Net present value
  
$
67,143
    
$
42,439
    
$
14,574
    
$
43,423
    
$
167,579
  
                                         
Balance as of December 31, 2022
                                        
Lease payments
  
$
103,127
    
$
178,272
    
$
44,319
    
$
70,243
    
$
395,961
  
Financial charges
    
(34,198
)
    
(38,237
)
    
(17,071
)
    
(19,380
)
    
(108,886
)
Netpresent value
  
$
68,929
    
$
140,035
    
$
27,248
    
$
50,863
    
$
287,075
  
Expense Relating to Payments not Included in Measurement of Lease Liability
The expense relating to payments not included in the measurement of the lease liability is as follows:
 
   
2023
    
2022
  
Short-term leases (a)
  
$
523,174
    
$
694,200
  
Leases of low-value assets
    
8,294
      
6,249
  
   
$
531,468
    
$
700,449
  
 

 (a)
Corresponds to the leasing of mud and parcel tankers vessels.