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Deferred income tax assets and liabilities and income tax expense (Tables)
 12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Schedule of temporary difference, unused tax losses and unused tax credits
Deferred income tax assets and liabilities break down as follows:
 
 
  
As of
January 1,
2022
 
 
Profit (loss)
 
 
Other
comprehensive
income (loss)
 
  
As of
December 31,
2022
 
Tax losses and other unused tax credits
(1)
      6,972       (2,255 )      —          4,717  
Provisions
      7,265       (2,559 )      —          4,706  
Employee benefit
      2,913       (467 )      1,463        3,909  
Right-of-use
assets, net
      161       877       —          1,038  
Other
      (501 )      1,948       —          1,447  
    
 
 
    
 
 
    
 
 
     
 
 
  
Assets for deferred income tax
   
 
16,810
 
  
 
(2,456
) 
  
 
1,463
 
   
 
15,817
 
    
 
 
    
 
 
    
 
 
     
 
 
  
Property, plant and equipment
      (150,786 )      4,632       —          (146,154 ) 
Tax inflation adjustment
      (36,038 )      (72,325 )      —          (108,363 ) 
Trade and other receivables
      1,784       (3,131 )      —          (1,347 ) 
Short-term investments
      (1,925 )      715       —          (1,210 ) 
Borrowings
      (1,225 )      304       —          (921 ) 
Inventories
      (1,269 )      371       —          (898 ) 
    
 
 
    
 
 
    
 
 
     
 
 
  
Liabilities for deferred income tax
   
 
(189,459
) 
  
 
(69,434
) 
  
 
—  
 
   
 
(258,893
) 
    
 
 
    
 
 
    
 
 
     
 
 
  
Deferred income tax, net
   
 
(172,649
) 
  
 
(71,890
) 
  
 
1,463
 
   
 
(243,076
) 
    
 
 
    
 
 
    
 
 
     
 
 
  
 

 
  
As of
January 1,
2021
 
 
Profit (loss)
 
 
Other
comprehensive
income (loss)
 
  
As of
December 31,
2021
 
Tax losses and other unused tax credits
(1)
      37,479       (30,507 )      —          6,972  
Provisions
      2,473       4,792       —          7,265  
Employee benefit
      865       —         2,048        2,913  
Trade and other receivables
      (561 )      2,345       —          1,784  
Right-of-use assets, net
      264       (103 )      —          161  
    
 
 
    
 
 
    
 
 
     
 
 
  
Assets for deferred income tax
   
 
40,520
 
  
 
(23,473
) 
  
 
2,048
 
   
 
19,095
 
    
 
 
    
 
 
    
 
 
     
 
 
  
Property, plant and equipment
      (133,911 )      (16,875 )      —          (150,786 ) 
Tax inflation adjustment
      (39,439 )      3,401       —          (36,038 ) 
Short-term investments
      (135 )      (1,790 )      —          (1,925 ) 
Inventories
      (822 )      (447 )      —          (1,269 ) 
Borrowings
      (1,212 )      (13 )      —          (1,225 ) 
Other
      (3 )      (498 )      —          (501 ) 
    
 
 
    
 
 
    
 
 
     
 
 
  
Liabilities for deferred income tax
   
 
(175,522
) 
  
 
(16,222
) 
  
 
—  
 
   
 
(191,744
) 
    
 
 
    
 
 
    
 
 
     
 
 
  
Deferred income tax, net
   
 
(135,002
) 
  
 
(39,695
) 
  
 
2,048
 
   
 
(172,649
) 
    
 
 
    
 
 
    
 
 
     
 
 
  

(1)
As of December 31, 2022 and 2021,
the Company has recognized Net Operating Loss (“NOL”) based on a the analysis of expected future taxable income in the following years, generated in Argentina and Mexico.
Schedule of deferred income tax assets and liabilities The following amounts, are disclosed in the consolidated statement of financial position:
 
    
As of December 31,
2022
     
As of December 31,
2021
  
Deferred income tax assets, net
      335        2,771  
Deferred income tax liabilities, net
      243,411        175,420  
Schedule of major components of tax expense income
Income tax breaks down as follows:
 
    
Year ended
December 31, 2022
     
Year ended
December 31, 2021
     
Year ended
December 31, 2020
  
Income tax
                           
Current income tax
      (92,089 )       (62,419 )       (184 ) 
Deferred income tax
      (71,890 )       (39,695 )       10,297  
    
 
 
     
 
 
     
 
 
  
Income tax (expense) disclosed in the statement of profit or loss
   
 
(163,979
) 
   
 
(102,114
) 
   
 
10,113
 
    
 
 
     
 
 
     
 
 
  
Deferred income tax charged to other comprehensive income
      1,463        2,048        (114 ) 
    
 
 
     
 
 
     
 
 
  
Total income tax (expense) benefit
   
 
(162,516
) 
   
 
(100,066
) 
   
 
9,999
 
    
 
 
     
 
 
     
 
 
  
Schedule of reconciliation of income taxes
Below is the reconciliation between income tax expense and the amount resulting from the application of the tax rate to profit (loss) before income tax:
 
    
Year ended
December 31, 2022
    
Year ended
December 31, 2021
    
Year ended
December 31, 2020
  
Profit (loss) before income tax
      433,514       152,764       (112,862 ) 
Statutory income tax rate
      30 %      30 %      30 % 
    
 
 
    
 
 
    
 
 
  
Income tax at the current tax rate pursuant to effective tax regulations
      (130,054 )      (45,829 )      33,859  
    
 
 
    
 
 
    
 
 
  
Items that adjust income tax (expense) / benefit:
                         
Nondeductible expenses
      (18,735 )      (6,600 )      (2,449 ) 
Inflation adjustment
      (153,517 )      (98,348 )      (32,086 ) 
Effect on the measurement of monetary and nonmonetary items at functional currency
      169,058       86,724       24,628  
Unrecognized tax losses and other assets
      (15,568 )      (4,047 )      (7,039 ) 
Effect of tax losses
(1)
      —         31,232       (179 ) 
Effect related to statutory income tax rate change
(2)
      —         (67,312 )      (6,384 ) 
Difference in income tax estimate prior year
      6,358       —         —    
Application of tax credits
      6,229       9,710       —    
Effect related to the difference in tax rate other than Mexican statutory rate
      (25,762 )      (7,637 )      —    
Other
      (1,988 )      (7 )      (237 ) 
    
 
 
    
 
 
    
 
 
  
Total income tax benefit (expense)
   
 
(163,979
) 
  
 
(102,114
) 
  
 
10,113
 
    
 
 
    
 
 
    
 
 
  
 
(1)
For the year ended December 31, 2021,
see Note 16.1.
(2)
For the year ended December 31, 2021, mainly include effects in Note 33.1.
Summary of tax losses carryforwards Below are the updated accumulated tax losses not recognized and their due dates:
 
    
As of December 31,
2022
     
As of December 31,
2021
  
2027
      5,166        4,499  
2028
      60,727        51,618  
2029
      27,113        13,781  
As from 2030
      36,203        7,903  
    
 
 
     
 
 
  
Total accumulated tax losses not recognized
   
 
129,209
 
   
 
77,801
 
    
 
 
     
 
 
  
Schedule of breakdown of income tax liability
Income tax liabilities break down as follows:
 
    
As of December 31,
2022
     
As of December 31,
2021
  
Current
              
Income tax, net of withholdings and prepayments
      58,770        44,625  
    
 
 
     
 
 
  
Total current
   
 
58,770
 
   
 
44,625