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Risk management (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Disclosure of risk management strategy related to hedge accounting [abstract]    
Summary of Contractual Maturities of Financial Liabilities According to Maturity Periods

The Company's contractual maturities of its financial liabilities are detailed below according to the maturity periods. The table has been prepared on the basis of cash flows without discounting, from the first date on which the Company may be required to pay. The table includes the cash flows corresponding to the principal amount and its interest.

 

 

Up to 1
year

 

 

More than 1 and
up to 3 Years

 

 

Over 3 and up
to 5 Years

 

 

More than
5 years

 

 

Total

 

September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt (excluding issuance costs)

 

Ps.

 

934,020

 

 

Ps.

 

95,691

 

 

Ps.

 

 

 

Ps.

 

 

 

Ps.

 

1,029,711

 

Accounts payable and accrued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

expenses

 

 

 

552,826

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

552,826

 

Suppliers

 

 

 

7,855,059

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,855,059

 

Lease liabilities

 

 

 

1,547,364

 

 

 

 

2,890,004

 

 

 

 

2,474,297

 

 

 

 

7,616,382

 

 

 

 

14,528,047

 

Total

 

Ps.

 

10,889,269

 

 

Ps.

 

2,985,695

 

 

Ps.

 

2,474,297

 

 

Ps.

 

7,616,382

 

 

Ps.

 

23,965,643

 

 

 

 

Up to 1
year

 

 

 

More than 1 and
up to 3 Years

 

 

 

Over 3 and up
to 5 Years

 

 

 

More than
5 years

 

 

 

Total

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt (excluding issuance costs)

 

Ps.

 

768,576

 

 

Ps.

 

423,962

 

 

Ps.

 

 

 

Ps.

 

 

 

Ps.

 

1,192,538

 

Debt with related parties

 

 

 

 

 

 

 

1,665,422

 

 

 

 

 

 

 

 

 

 

 

 

1,665,422

 

Interest payable on Promissory
   Notes

 

 

 

 

 

 

 

5,087,245

 

 

 

 

 

 

 

 

 

 

 

 

5,087,245

 

Costs of modification and
   remeasurement of Promissory
   Notes

 

 

 

 

 

 

 

80,244

 

 

 

 

 

 

 

 

 

 

 

 

80,244

 

Accounts payable and accrued
   expenses

 

 

 

322,959

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

322,959

 

Suppliers

 

 

 

7,126,089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,126,089

 

Lease liabilities

 

 

 

1,293,219

 

 

 

 

2,382,138

 

 

 

 

2,062,570

 

 

 

 

6,401,351

 

 

 

 

12,139,278

 

Total

 

Ps.

 

9,510,843

 

 

Ps.

 

9,639,011

 

 

Ps.

 

2,062,570

 

 

Ps.

 

6,401,351

 

 

Ps.

 

27,613,775

 

The Company's contractual maturities of its financial liabilities are detailed below according to the maturity periods. The table has been prepared on the basis of cash flows without discounting, from the first date on which the Company may be required to pay. The table includes the cash flows corresponding to the principal amount and its interest.

 

 

 

Up to
1 year

 

 

More than
1 and up
to 3 Years

 

 

Over 3
and up to
5 Years

 

 

More than
5 years

 

 

Total

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt (excluding issuance costs)

 

Ps.

 

768,576

 

 

Ps.

 

423,962

 

 

Ps.

 

 

 

Ps.

 

 

 

Ps.

 

1,192,538

 

Debt with related parties

 

 

 

 

 

 

 

1,665,422

 

 

 

 

 

 

 

 

 

 

 

 

1,665,422

 

Interest payable on Promissory Notes

 

 

 

 

 

 

 

5,087,245

 

 

 

 

 

 

 

 

 

 

 

 

5,087,245

 

Costs of modification and remeasurement of Promissory Notes

 

 

 

 

 

 

 

80,244

 

 

 

 

 

 

 

 

 

 

 

 

80,244

 

Accounts payable and accrued expenses

 

 

 

322,959

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

322,959

 

Suppliers

 

 

 

7,126,089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,126,089

 

Lease liabilities

 

 

 

1,293,219

 

 

 

 

2,382,138

 

 

 

 

2,062,570

 

 

 

 

6,401,351

 

 

 

 

12,139,278

 

Total

 

Ps.

 

9,510,843

 

 

Ps.

 

9,639,011

 

 

Ps.

 

2,062,570

 

 

Ps.

 

6,401,351

 

 

Ps.

 

27,613,775

 

 

Up to
1 year

 

 

More than
1 and up
to 3 Years

 

 

Over 3
and up to
5 Years

 

 

More than
5 years

 

 

Total

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt (excluding issuance costs)

 

Ps.

 

518,771

 

 

Ps.

 

129,770

 

 

Ps.

 

290,423

 

 

Ps.

 

 

 

Ps.

 

938,964

 

Debt with related parties

 

 

 

1,936

 

 

 

 

1,906,790

 

 

 

 

 

 

 

 

 

 

 

 

1,908,726

 

Interest payable on Promissory Notes

 

 

 

6,251

 

 

 

 

3,301,598

 

 

 

 

371,193

 

 

 

 

 

 

 

 

3,679,042

 

Accounts payable and accrued expenses

 

 

 

273,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

273,731

 

Suppliers

 

 

 

5,390,192

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,390,192

 

Lease liabilities

 

 

 

1,016,922

 

 

 

 

1,904,078

 

 

 

 

1,680,986

 

 

 

 

5,578,216

 

 

 

 

10,180,202

 

Total

 

Ps.

 

7,207,803

 

 

Ps.

 

7,242,236

 

 

Ps.

 

2,342,602

 

 

Ps.

 

5,578,216

 

 

Ps.

 

22,370,857

 

Summary of Exposure to Volatility of Exchange Rate of Its Functional Currency Against US Dollar

The Company’s exposure to the volatility of the exchange rate of its functional currency against the US dollar (US$) for the Company's financial instruments is shown below (figures in this table are expressed in US$):

 

 

September 30,
2024

 

 

December 31,
2023

 

Financial assets

 

US$.

 

168,680,767

 

 

US$.

 

13,643,181

 

Financial liabilities

 

 

 

(377,286

)

 

 

 

(287,343,524

)

Foreign exchange monetary position

 

US$.

 

168,303,481

 

 

US$.

 

(273,700,343

)

The Company's exposure to the volatility of the exchange rate of its functional currency against the US dollar (USD) for the Company's financial instruments is shown as follows (figures in this table expressed in USD):

 

 

December 31, 2023

 

 

December 31, 2022

 

 

December 31, 2021

 

Financial assets

 

 

13,643,181

 

 

 

15,090,609

 

 

 

7,895,480

 

Financial liabilities

 

 

(287,343,524

)

 

 

(246,151,781

)

 

 

(214,784,571

)

Foreign exchange monetary position

 

 

(273,700,343

)

 

 

(231,061,172

)

 

 

(206,889,091

)

Summary of Exchange Rates of Financial Statements for One US Dollar

The exchange rates at the date of the financial statements, for one US dollar, were as follows:

 

 

For the nine-month periods ended

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

September 30,

 

 

December 31,

 

 

September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2023

 

 

Average exchange rate

 

 

Closing exchange rate

 

Ps./US$

 

 

17.7468

 

 

 

17.7859

 

 

 

19.6290

 

 

 

16.8935

 

 

 

17.6195

 

The exchange rates at the date of the financial statements, for one US dollar, were as follows:

 

 

Average exchange rate

 

Closing exchange rate

 

December 31,
2023

 

December 31,
2022

 

December 31,
2021

 

December 31,
2023

 

December 31,
2022

 

December 31,
2021

MXN/USD

 

17.7338

 

20.1205

 

20.2822

 

16.8935

 

19.3615

 

20.3058