AMX » Topics » 16. Commitments and Contingencies

This excerpt taken from the AMX 20-F filed Jun 10, 2008.

16. Commitments and Contingencies

a) As of December 31, 2007, the Company has entered into various leases (as a lessee) with related and third parties for the buildings in which its offices are located, as well as with owners of property where the Company has installed radio bases. The leases generally run from one to fourteen years.

Provided below is an analysis of minimum rent payments due in the next five years. In some cases, amounts are subject to an annual increase based on the NCPI.

 

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At December 31, 2007, the Company had the following commitments under non-cancelable leases:

 

Year ended December 31

   Capital lease     Operating lease

2008

   Ps. 4,185,822     Ps. 3,235,302

2009

     470,646       2,678,127

2010

     125,211       2,306,543

2011

     5,733       1,911,185

2012

     3,921       1,472,402

2013 and thereafter

       2,325,320
              

Total

     4,791,333     Ps. 13,928,879
        

Less interest

     (235,138 )  
          

Present value of minimum net rental payments

     4,556,195    

Less current portion

     (3,975,648 )  
          

Long-term obligations

   Ps. 580,547    
          

Rent charged to expenses in 2005, 2006 and 2007 aggregated Ps. 2,929,426, Ps. 4,092,642 and Ps. 5,052,082, respectively.

This excerpt taken from the AMX 6-K filed Oct 17, 2007.

12. Commitments and Contingencies

a) Payment guarantees with suppliers

At June 30, 2007, some of the Company’s subsidiaries had commitments to acquire equipment for their GSM networks for up to approximately US$132.6 million (approximately P. 1,141,126).

b) Contingencies

This excerpt taken from the AMX 20-F filed Jul 2, 2007.

16. Commitments and Contingencies

a) As of December 31, 2006, the Company had entered into various leases (as a lessee) with related and third parties for the buildings in which its offices are located, as well as with owners of property where the Company has installed radio bases. The leases generally run from one to fourteen years.

Provided below is an analysis of minimum rental payments due in the next five years. In some cases, the amount is subject to an annual increase based on the NCPI.

At December 31, 2006, the Company had the following commitments under non-cancelable leases:

 

Year ended December 31

   Capital lease     Operating lease

2007

   P. 589,715     P. 3,048,724

2008

     4,092,580       2,071,906

2009

     320,219       1,695,200

2010

       1,317,563

2011

       900,224

2012 and thereafter

       2,410,446
              

Total

     5,002,514     P. 11,444,063
        

Less interest

     (495,338 )  
          

Present value of minimum rental payments

     4,507,176    

Less current portion

     319,080    
          

Long-term obligations

   P. 4,188,096    
          

Rent charged to expenses in 2004, 2005 and 2006 aggregated P.1,972,945, P.2,823,543 and P.3,944,715, respectively.

This excerpt taken from the AMX 6-K filed Dec 7, 2006.

13. Commitments and Contingencies

a) Payment guarantees with suppliers

At October 31, 2006, some of the Company’s subsidiaries had commitments to acquire equipment for their GSM networks for up to approximately US$ 446 million (approximately P.4,771,186).

This excerpt taken from the AMX 20-F filed Jun 30, 2006.

15.    Commitments and Contingencies

 

a) As of December 31, 2005, the Company has entered into various leases (as a lessee) with related and third parties for the buildings in which its offices are located, as well as with owners of property where the Company has installed radio bases. The leases expire within one to fourteen years.

 

Provided below is an analysis of minimum rental payments due in the next five years. In some cases, the amount is subject to an annual increase based on the NCPI.

 

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AMÉRICA MÓVIL, S.A. DE C.V. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

(Amounts in thousands of Constant Mexican Pesos

as of December 31, 2005, except when indicated otherwise)

 

The Company leases certain equipment used in its operations under capital leases. At December 31, 2005, the Company had the following commitments under non-cancelable leases:

 

Year ended December 31,


   Capital lease

    Operating lease

2006

   P.  1,081,477     P. 1,615,105

2007

     520,605       1,507,746

2008

     3,980,846       1,457,618

2009

             1,306,369

2010

             1,148,271

2011 and thereafter

             2,110,023
    


 

Total

     5,582,928     P.  9,145,132
            

Less interest

     (826,879 )      
    


     

Present value of minimum rental payments

     4,756,049        

Less current installments

     712,707        
    


     

Long-term obligations at December 31, 2005

   P. 4,043,342        
    


     

 

Rent charged to expenses in 2003, 2004 and 2005 aggregated P.1,186,289, P.1,896,151 and P.2,713,641, respectively.

 

b) Payment Guarantees With Suppliers

 

At December 31, 2005, some of the Company’s subsidiaries had commitments to acquire equipment for their GSM networks for up to approximately US$755 million (approximately P.8,086,730).

 

c) Purchase of minority interest

 

The Company has an obligation to purchase of all the shares of its subsidiary Telecom Américas that are own by minority shareholders. The minority shareholder has the right to sell its shares to AMX beginning in October 2006 for US$ 150 million (P. 1,606.5 million) plus interest at an annual rate of 3%.

 

This excerpt taken from the AMX 20-F filed Jun 30, 2005.

15. Commitments and Contingencies

 

a) As of December 31, 2004, the Company has entered into various leases (as a lessee) with related parties for the buildings in which its offices are located, as well as with owners of property where the Company has installed radio bases. The leases expire within one to fourteen years.

 

Provided below is an analysis of minimum rental payments due in the next five years. In some cases, the amount is subject to an annual increase based either on the NCPI or on the appraisal value of the property.

 

The Company leases certain equipment used in its operations under capital leases. At December 31, 2004, the Company had the following commitments under non-cancelable leases:

 

Year ended December 31,


   Capital lease

    Operating lease

2005

   P. 983,763     P. 1,836,861

2006

     891,758       2,020,414

2007

     372,039       2,171,462

2008

     3,829,100       2,272,572

2009

             2,752,807

2010 and thereafter

             4,130,867
    


 

Total

     6,076,660     P. 15,184,983
            

Less interest

     (1,170,413 )      
    


     

Present value of minimum rental payments

     4,906,247        

Less current installments

     860,705        
    


     

Long-term obligations at December 31, 2004

   P. 4,045,542        
    


     

 

Rent charged to expenses in 2002, 2003 and 2004 aggregated P. 362,568, P. 1,148,059 and P. 1,835,044, respectively.

 

b) Payment Guarantees With Suppliers

 

At December 31, 2004, some of the Company’s subsidiaries had commitments to acquire equipment for their GSM networks for up to approximately US$ 512 million (approximately P. 5,770 million). Such amounts have been guaranteed by America Móvil.

 

 

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