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Intangible Assets, Net and Goodwill (Tables)
12 Months Ended
Dec. 31, 2023
Intangible Assets, Net and Goodwill  
Schedule of intangible assets and goodwill

2023

2022

    

    

Accumulated

    

    

    

Accumulated

    

Cost

Amortization

Carrying Amount

Cost

Amortization

Carrying Amount

Intangible assets and goodwill with indefinite useful lives:

 

  

 

  

 

  

 

  

 

  

 

  

Trademarks

Ps.

32,828

Ps.

Ps.

32,828

Ps.

32,828

Ps.

Ps.

32,828

Concessions

 

15,166,067

 

 

15,166,067

 

15,166,067

 

 

15,166,067

Goodwill

 

13,904,998

 

 

13,904,998

 

13,904,998

 

 

13,904,998

29,103,893

29,103,893

29,103,893

29,103,893

Intangible assets with finite useful lives:

 

 

 

 

 

 

Trademarks

2,236,012

(2,187,698)

48,314

2,227,096

(2,115,570)

111,526

Licenses and software

 

16,990,167

(12,594,645)

 

4,395,522

 

15,111,644

(10,952,399)

 

4,159,245

Subscriber lists

 

8,779,649

(8,177,490)

 

602,159

 

8,791,701

(7,874,480)

 

917,221

Payments for concessions

 

5,824,365

 

(575,335)

 

5,249,030

 

5,824,365

 

(287,668)

 

5,536,697

Other intangible assets

 

3,680,220

 

(2,689,296)

 

990,924

 

6,252,593

 

(4,957,588)

 

1,295,005

37,510,413

(26,224,464)

11,285,949

38,207,399

(26,187,705)

12,019,694

Ps.

66,614,306

Ps.

(26,224,464)

Ps.

40,389,842

Ps.

67,311,292

Ps.

(26,187,705)

Ps.

41,123,587

Schedule of changes in net carrying amount of goodwill, indefinite-lived trademarks and concessions

    

Foreign

Balance as of

Currency

Balance as of

January 1,

Translation

Impairment

December 31, 

    

2023

    

Acquisitions

    

Retirements

    

Adjustments

    

Adjustments

    

Transfers

    

2023

Goodwill:

    

  

    

  

    

  

    

Cable

 

Ps.

13,794,684

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

13,794,684

Others (1)

 

  

110,314

  

 

  

  

 

  

  

 

  

110,314

 

Ps.

13,904,998

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

13,904,998

Indefinite-lived trademarks:

 

Cable    

 

Ps.

32,828

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

32,828

 

Ps.

32,828

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

32,828

Indefinite-lived concessions:

 

Cable

 

Ps.

15,070,025

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,070,025

Sky

 

  

96,042

  

 

  

  

 

  

  

 

  

96,042

 

Ps.

15,166,067

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,166,067

(1)Through January 31, 2022, this goodwill was part of the Group’s former Content business.

Foreign

Balance as of

Currency

Balance as of

January 1,

Translation

Impairment

December 31, 

    

2022

    

Acquisitions

    

Retirements

    

Adjustments

    

Adjustments

    

Transfers

    

2022

Goodwill:

    

  

    

  

    

  

    

Cable

 

Ps.

13,794,684

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

13,794,684

Others (1)

 

241,973

  

 

(131,659)

  

 

  

 

110,314

 

Ps.

14,036,657

  

Ps.

 

Ps.

(131,659)

  

Ps.

 

Ps.

  

Ps.

 

Ps.

13,904,998

Indefinite-lived trademarks (see Note 3):

 

Cable    

 

Ps.

32,813

  

Ps.

 

Ps.

  

Ps.

15

 

Ps.

  

Ps.

 

Ps.

32,828

Other Businesses

 

  

2,429

  

 

  

(2,429)

  

 

  

  

 

  

 

Ps.

35,242

  

Ps.

 

Ps.

(2,429)

  

Ps.

15

 

Ps.

  

Ps.

 

Ps.

32,828

Indefinite-lived concessions (see Note 3):

 

Cable

 

Ps.

15,070,025

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,070,025

Sky

 

  

96,042

  

 

  

  

 

  

  

 

  

96,042

 

Ps.

15,166,067

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,166,067

(1)Through January 31, 2022, this goodwill was part of the Group’s former Content business.

Schedule of key assumptions used for fair value or value in use calculations of goodwill and intabgible assets

The key assumptions used for either fair value or value in use calculations of goodwill and intangible assets in 2023, were as follows (see Note 15):

Cable

    

Minimum

    

Maximum

Value in use calculations:

Long-term growth rate

 

3.70

%  

3.70

%  

Discount rate

 

11.40

%  

12.20

%  

Pre-tax discount rate

13.30

%  

16.00

%

Fair value calculations:

Multiple of sales

2.0

2.8

Multiple of EBITDA (as defined)

6.1

7.4

The key assumptions used for either fair value or value in use calculations of goodwill and intangible assets in 2022, were as follows (see Note 15):

Cable

    

Minimum

    

Maximum

Value in use calculations:

Long-term growth rate

 

4.90

%  

4.90

%

Discount rate

 

11.50

%  

12.30

%

Pre-tax discount rate

13.20

%

15.30

%

Fair value calculations:

Multiple of sales

2.0

2.9

Multiple of EBITDA (as defined)

5.5

7.1

Intangible Assets with Finite Useful Lives  
Intangible Assets, Net and Goodwill  
Schedule of intangible assets and goodwill

2023

Licenses

Other

and

Subscriber

Payments for

Intangible

    

Trademarks

    

Concessions

    

Software

    

Lists

    

Concessions

    

Assets

    

Total

Cost:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance at beginning of period

Ps.

2,227,096

Ps.

Ps.

15,111,644

Ps.

8,791,701

Ps.

5,824,365

Ps.

6,252,593

Ps.

38,207,399

Additions

 

8,916

 

 

1,481,655

 

 

 

379,136

 

1,869,707

Transfers from property, plant and equipment

602,197

602,197

Retirements and impairment adjustments

 

 

 

(165,029)

 

 

 

(2,943,956)

 

(3,108,985)

Effect of translation

 

 

 

(40,300)

 

(12,052)

 

 

(7,553)

 

(59,905)

Balance at end of period

2,236,012

16,990,167

8,779,649

5,824,365

3,680,220

37,510,413

Accumulated amortization:

  

Balance at beginning of period

(2,115,570)

(10,952,399)

(7,874,480)

(287,668)

(4,957,588)

(26,187,705)

Amortization of the year

(72,128)

(1,820,411)

(315,062)

(287,667)

(52,302)

(2,547,570)

Other amortization of the year (1)

(422,065)

(422,065)

Retirements and impairment adjustments

139,190

2,740,671

2,879,861

Effect of translation

38,975

12,052

1,988

53,015

Balance at end of period

(2,187,698)

(12,594,645)

(8,177,490)

(575,335)

(2,689,296)

(26,224,464)

Ps.

48,314

Ps.

Ps.

4,395,522

Ps.

602,159

Ps.

5,249,030

Ps.

990,924

Ps.

11,285,949

2022

Licenses

Other

and

Subscriber

Payments for

Intangible

    

Trademarks

    

Concessions

    

Software

    

Lists

    

Concessions

    

Assets

    

Total

Cost:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance at beginning of period

Ps.

2,227,096

Ps.

553,505

Ps.

14,831,874

Ps.

8,806,951

Ps.

5,825,559

Ps.

5,446,636

Ps.

37,691,621

Additions

 

 

 

965,046

 

 

 

842,137

 

1,807,183

Transfers from property, plant and equipment

502,017

502,017

Retirements and impairment adjustments

 

 

(553,505)

 

(1,206,643)

 

(10,386)

 

(1,194)

 

(118)

 

(1,771,846)

Transfers and reclassifications

 

 

 

35,921

 

 

 

(35,921)

 

Effect of translation

 

 

 

(16,571)

 

(4,864)

 

 

(141)

 

(21,576)

Balance at end of period

2,227,096

15,111,644

8,791,701

5,824,365

6,252,593

38,207,399

Accumulated amortization:

Balance at beginning of period

(2,043,442)

(553,505)

(9,672,946)

(7,574,668)

(4,829,145)

(24,673,706)

Amortization of the year

(72,128)

(1,640,543)

(315,062)

(287,668)

(103,469)

(2,418,870)

Other amortization of the year (1)

(353,232)

(353,232)

Retirements and impairment adjustments

553,505

610,038

10,386

63,074

1,237,003

Transfers and reclassifications

(264,968)

264,968

Effect of translation

16,020

4,864

216

21,100

Balance at end of period

(2,115,570)

(10,952,399)

(7,874,480)

(287,668)

(4,957,588)

(26,187,705)

Ps.

111,526

Ps.

Ps.

4,159,245

Ps.

917,221

Ps.

5,536,697

Ps.

1,295,005

Ps.

12,019,694

(1)Other amortization of the year relates primarily to amortization of soccer player rights, which is included in consolidated cost of revenues.
Intangible Assets with Indefinite Useful Lives  
Intangible Assets, Net and Goodwill  
Schedule of intangible assets and goodwill

2023

    

Trademarks

    

Concessions

    

Goodwill

    

Total

Cost:

Balance at beginning of period

Ps.

32,828

Ps.

15,166,067

Ps.

13,904,998

Ps.

29,103,893

Retirements

 

 

 

 

Effect of translation

 

 

 

 

Balance at end of period

Ps.

32,828

Ps.

15,166,067

Ps.

13,904,998

Ps.

29,103,893

2022

    

Trademarks

    

Concessions

    

Goodwill

    

Total

Cost:

Balance at beginning of period

Ps.

35,242

Ps.

15,166,067

Ps.

14,036,657

Ps.

29,237,966

Retirements

 

(2,429)

 

 

(131,659)

 

(134,088)

Effect of translation

 

15

 

 

 

15

Balance at end of period

Ps.

32,828

Ps.

15,166,067

Ps.

13,904,998

Ps.

29,103,893