Company Quick10K Filing
Quick10K
Central North Airport Group
20-F 2018-12-31 Annual: 2018-12-31
20-F 2017-12-31 Annual: 2017-12-31
20-F 2016-12-31 Annual: 2016-12-31
20-F 2015-12-31 Annual: 2015-12-31
BA Boeing 204,089
ASR Southeast Airport Group 42,690
TXT Textron 10,379
HEI Heico 7,735
AIR AAR 1,476
AVAV Aerovironment 1,234
SIF Sifco Industries 32
UAVS Ageagle Aerial Systems 4
PAC Pacific Airport Group 0
ERJ Embraer Brazilian Aviation 0
OMAB 2018-12-31
Part I
Item 1. Identity of Directors, Senior Management and Advisers
Item 2. Offer Statistics and Expected Timetable
Item 3. Key Information
Item 4. Information on The Company
Item 4A. Unresolved Staff Comments
Item 5. Operating and Financial Review and Prospects
Item 6. Directors, Senior Management and Employees
Item 7. Major Shareholders and Related-Party Transactions
Item 8. Financial Information
Item 9. The Offer and Listing
Item 10. Additional Information Bylaws
Item 11. Quantitative and Qualitative Disclosures About Market Risk
Item 12. Description of Securities Other Than Equity Securities
Item 12A. Debt Securities
Item 12B. Warrants and Rights
Item 12C. Other Securities
Item 12D. American Depositary Shares
Part II
Item 13. Defaults, Dividend Arrearages and Delinquencies
Item 14. Material Modifications To The Rights of Security Holders and Use of Proceeds
Item 15. Controls and Procedures
Item 16. [Reserved]
Item 16A. Audit Committee’S Financial Expert
Item 16B. Code of Ethics
Item 16C. Principal Accountant Fees and Services Audit and Non-Audit Fees
Item 16D. Exemptions From The Listing Standards for Audit Committees
Item 16E. Purchases of Equity Securities By The Issuer and Affiliated Purchasers
Item 16F. Change in Registrant’S Certifying Accountant
Item 16G. Corporate Governance
Item 16H. Mine Safety Disclosures
Part III
Item 17. Financial Statements
Item 18. Financial Statements
Item 19. Exhibits
Note 11 Sets Forth The Entities That Are Consolidated on The Financial Statements and The Information Related Thereto.
EX-8.1 omab-20181231ex81368841b.htm
EX-12.1 omab-20181231ex121b70866.htm
EX-12.2 omab-20181231ex122946ef6.htm
EX-13.1 omab-20181231ex131988d25.htm

Central North Airport Group Earnings 2018-12-31

OMAB 20F Annual Report

Balance SheetIncome StatementCash Flow

20-F 1 omab-20181231x20f.htm 20-F omab_Current_Folio_20F

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 20-F

 

 

 

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2018

 

Commission file number: 1-33168

 

 

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

(Exact name of Registrant as specified in its charter)

 

Central North Airport Group

(Translation of Registrant’s name into English)

 

United Mexican States

(Jurisdiction of incorporation or organization)

 

Torre Latitud, L501, Piso 5

Av. Lázaro Cárdenas 2225

Col. Valle Oriente, San Pedro Garza García

Nuevo León, Mexico

(Address of principal executive offices)

 

Ruffo Pérez Pliego del Castillo

Torre Latitud, L501, Piso 5

Av. Lázaro Cárdenas 2225

Col. Valle Oriente, San Pedro Garza García

Nuevo León, Mexico

+ 52 81 8625 4300

rperezpliego@oma.aero

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

 

Securities registered or to be registered pursuant to Section 12(b) of the Act:

 

 

 

 

Title of each class:

 

Name of each exchange on which registered

American Depositary Shares (ADSs) each representing 8 Series B shares

 

The NASDAQ Stock Market LLC

Series B shares

 

The NASDAQ Stock Market LLC*

 

*Not for trading, but only in connection with the registration of ADSs, pursuant to the requirements of the Securities and Exchange Commission.

 

Securities registered or to be registered pursuant to Section 12(g) of the Act:

 

 

None

 

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

 

 

N/A

 

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:

 

 

 

 

Title of each class:

 

Number of Shares

Series B shares

 

343,680,466 (excluding 324,507 treasury shares)

Series BB shares

 

49,766,000

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

☒ Yes   ☐ No

 

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934.

☐ Yes   ☒ No

 

Note — Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

☒ Yes   ☐ No

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

☐ Yes   ☒ No

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 

 

 

 

 

 

 

Large accelerated filer ☐

Accelerated filer  ☒

Non-accelerated filer ☐

 

Emerging growth company ☐

 

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

 

 

 

 

 

 

U.S. GAAP ☐

IFRS ☒

Other ☐

 

Indicate by check mark which financial statement item the registrant has elected to follow:

☐ Item 17   ☒ Item 18

 

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act).

☐ Yes   ☒ No

 

 


 

 

TABLE OF CONTENTS

 

 

 

 

 

 

 

 

Page

 

 

 

 

ITEM 1. 

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

 

1

 

 

 

 

ITEM 2. 

OFFER STATISTICS AND EXPECTED TIMETABLE

 

1

 

 

 

 

ITEM 3. 

KEY INFORMATION

 

1

 

Selected Financial Data

 

1

 

Risk Factors

 

9

 

Forward-Looking Statements

 

33

 

 

 

 

ITEM 4. 

INFORMATION ON THE COMPANY

 

34

 

History And Development Of The Company

 

34

 

Business Overview

 

39

 

Regulatory Framework

 

70

 

Organizational Structure

 

87

 

Property, Plant And Equipment

 

89

 

 

 

 

ITEM 4A. 

UNRESOLVED STAFF COMMENTS

 

89

 

 

 

 

ITEM 5. 

OPERATING AND FINANCIAL REVIEW AND PROSPECTS

 

89

 

 

 

 

ITEM 6. 

DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

 

130

 

 

 

 

ITEM 7. 

MAJOR SHAREHOLDERS AND RELATED-PARTY TRANSACTIONS

 

139

 

Major Shareholders

 

139

 

Related-Party Transactions

 

141

 

 

 

 

ITEM 8. 

FINANCIAL INFORMATION

 

142

 

Legal Proceedings

 

143

 

Dividends And Capital Stock Reimbursements

 

144

 

 

 

 

ITEM 9. 

THE OFFER AND LISTING

 

146

 

Share Price History

 

146

 

Trading On The Mexican Stock Exchange

 

146

 

 

 

 

ITEM 10. 

ADDITIONAL INFORMATION BYLAWS

 

146

 

Material Contracts

 

162

 

Exchange Controls

 

162

 

Taxation

 

162

 

Documents On Display

 

166

 

 

 

 

 


 

 

ITEM 11. 

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

167

 

 

 

 

ITEM 12. 

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

 

167

 

 

 

 

ITEM 12A. 

DEBT SECURITIES

 

167

 

 

 

 

ITEM 12B. 

WARRANTS AND RIGHTS

 

167

 

 

 

 

ITEM 12C. 

OTHER SECURITIES

 

167

 

 

 

 

ITEM 12D. 

AMERICAN DEPOSITARY SHARES

 

167

 

 

 

 

ITEM 13. 

DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

 

169

 

 

 

 

ITEM 14. 

MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS

 

169

 

 

 

 

ITEM 15. 

CONTROLS AND PROCEDURES

 

169

 

 

 

 

ITEM 16. 

[RESERVED]

 

172

 

 

 

 

ITEM 16A.

AUDIT COMMITTEE’S FINANCIAL EXPERT

 

172

 

 

 

 

ITEM 16B. 

CODE OF ETHICS

 

172

 

 

 

 

ITEM 16C. 

PRINCIPAL ACCOUNTANT FEES AND SERVICES AUDIT AND NON-AUDIT FEES

 

172

 

 

 

 

ITEM 16D. 

EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

 

173

 

 

 

 

ITEM 16E. 

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

 

173

 

 

 

 

ITEM 16F. 

CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT

 

173

 

 

 

 

ITEM 16G. 

CORPORATE GOVERNANCE

 

174

 

 

 

 

ITEM 16H. 

MINE SAFETY DISCLOSURES

 

178

 

 

 

 

ITEM 17. 

FINANCIAL STATEMENTS

 

179

 

 

 

 

ITEM 18. 

FINANCIAL STATEMENTS

 

179

 

 

 

 

ITEM 19. 

EXHIBITS

 

179

 

 

 

 


 

PART I

 

Item 1.          Identity of Directors, Senior Management and Advisers

 

Not applicable.

 

Item 2.          Offer Statistics and Expected Timetable

 

Not applicable.

 

Item 3.          Key Information

 

Selected Financial Data

 

Our consolidated financial statements included in this annual report are prepared in accordance with International Financial Reporting Standards, or IFRS, as issued by the International Accounting Standards Board, or the IASB.  We publish our consolidated financial statements in thousands of Mexican pesos.

References in this annual report on Form 20‑F to “dollars,” “U.S. dollars” or “U.S.$” are to the lawful currency of the United States.  References in this annual report on Form 20‑F to “pesos” or “Ps.” are to the lawful currency of Mexico.  This Form 20‑F contains translations of certain peso amounts into U.S. dollars at specified rates solely for the convenience of the reader.  These translations should not be construed as representations that the peso amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated.  Unless otherwise indicated, U.S. dollar amounts have been translated from Mexican pesos at an exchange rate of Ps.19.6566  to U.S.$1.00, the FIX exchange rate as reported by the Mexican Central Bank (Banco de México) on December 31, 2018.

This annual report on Form 20‑F contains references to “workload units,” which are units measuring an airport’s passenger traffic volume and cargo volume.  A workload unit currently is equivalent to one terminal passenger or 100 kilograms (220 pounds) of cargo.

The discussion in this annual report of aeronautical and non‑aeronautical revenues in relation to our total revenues is not in accordance with IFRS because it excludes our construction revenues from such amounts.  Therefore, in reviewing this annual report, you should be aware that in several sections of this annual report we take into account only revenues that resulted in actual cash inflows for the year (which we categorize as aeronautical and non‑aeronautical revenues) for ratios or comparative calculations.  Both of these categories of revenues are dependent, either directly or indirectly, on passenger traffic, while revenues from construction services under IFRS Interpretations Committee (“IFRIC”) 12, “Service Concession Arrangements,” are not dependent upon passenger traffic, but from the level of capital expenditures carried out at each airport.  Information reported using only revenues that generated cash inflows may be more useful for readers of this annual report because those revenues are driven by the key elements of our business:  passenger traffic and our maximum tariffs.  The use of aeronautical and non‑aeronautical revenues is more common in our industry, as they represent the revenues generated from our core operations, which are services provided to passengers, airlines and other third parties based on passenger traffic at our airports.  Additionally, management regularly reviews our aeronautical and non‑aeronautical revenues as they provide representative information regarding our passenger traffic and cash flows, which allows us to compare such revenues over comparative periods as well as make projections about our expected future cash flows.  Finally, management reviews non‑aeronautical revenues per terminal passenger excluding hotel and industrial park services because hotel and industrial park services are not necessarily driven by passenger traffic and therefore may not provide representative information with respect to passenger traffic.  This metric is not considered to be an IFRS metric, given its exclusion of certain revenues.  We indicate each instance in which we use only aeronautical and non‑aeronautical revenues and non‑aeronautical revenues excluding hotel services by indicating the category of revenues used. 

 

 

1


 

The following tables present a reconciliation of our aeronautical and non-aeronautical revenues to our total revenues per our consolidated statement of income and other comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2018

 

    

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Aeronautical and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

Non-Aeronautical

 

 

 

 

 

 

 

 

 

 

 

Non-

 

Aeronautical and

 

Revenues as a

 

 

 

 

 

 

 

 

Aeronautical

 

Aeronautical

 

Non-Aeronautical

 

Percentage of

 

Construction

 

Total

 

 

Revenues

 

Revenues

 

Revenues

 

Total Revenues

 

Revenues

 

Revenues

 

 

(in thousands of pesos)

Metropolitan

 

 

  

 

 

  

 

 

  

 

  

 

 

  

 

 

  

Monterrey

   

Ps.

2,447,993

 

Ps.

649,393

 

Ps.

3,097,386

 

93.0

Ps.

232,698

 

Ps.

3,330,084

Tourist

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

  

Acapulco

 

 

182,663

 

 

34,279

 

 

216,942

 

43.7

%  

 

279,099

 

 

496,041

Mazatlán

 

 

276,126

 

 

46,754

 

 

322,880

 

91.2

%  

 

31,308

 

 

354,188

Zihuatanejo

 

 

167,578

 

 

22,934

 

 

190,512

 

93.4

%  

 

13,534

 

 

204,046

Regional

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

  

Chihuahua

 

 

364,755

 

 

56,128

 

 

420,883

 

74.8

%  

 

141,546

 

 

562,429

Culiacán

 

 

539,540

 

 

57,313

 

 

596,853

 

94.6

%  

 

33,888

 

 

630,741

Durango

 

 

112,310

 

 

10,822

 

 

123,132

 

89.9

%  

 

13,788

 

 

136,920

San Luis Potosí

 

 

167,030

 

 

30,275

 

 

197,305

 

46.0

%  

 

231,726

 

 

429,031

Tampico

 

 

190,502

 

 

26,891

 

 

217,393

 

89.3

%  

 

26,169

 

 

243,562

Torreón

 

 

184,396

 

 

22,655

 

 

207,051

 

91.2

%  

 

19,990

 

 

227,041

Zacatecas

 

 

105,626

 

 

11,935

 

 

117,561

 

92.4

%  

 

9,655

 

 

127,216

Border

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

  

Ciudad Juárez

 

 

310,892

 

 

45,287

 

 

356,179

 

97.5

%  

 

9,096

 

 

365,275

Reynosa

 

 

106,867

 

 

14,810

 

 

121,677

 

45.7

%  

 

144,830

 

 

266,507

Terminal 2 NH Collection Hotel

 

 

 —

 

 

246,065

 

 

246,065

 

100.0

%  

 

 —

 

 

246,065

Hilton Garden Inn Hotel

 

 

 —

 

 

100,051

 

 

100,051

 

100.0

%  

 

 —

 

 

100,051

OMA Vynmsa Aero Industrial Park

 

 

 —

 

 

28,190

 

 

28,190

 

100.0

%  

 

 —

 

 

28,190

Other(1)

 

 

 —

 

 

4,433,390

 

 

4,433,390

 

100.0

%  

 

 —

 

 

4,433,390

Total

 

 

5,156,278

 

 

5,837,172

 

 

10,993,450

 

90.3

%  

 

1,187,327

 

 

12,180,777

Eliminations(2)

 

 

(16,226)

 

 

(4,211,675)

 

 

(4,227,901)

 

N/A

%  

 

(45,822)

 

 

(4,273,723)

Total Revenues

 

Ps.

5,140,052

 

Ps.

1,625,497

 

Ps.

6,765,549

 

85.6

%  

Ps.

1,141,505

 

Ps.

7,907,054


(1)

Represents our subsidiaries Servicios Aeroportuarios del Centro Norte, S.A. de C.V., Operadora de Aeropuertos del Centro Norte, S.A. de C.V., Servicios Aero Especializados del Centro Norte, S.A. de C.V., OMA Logística, S.A. de C.V., Holding Consorcio Grupo Hotelero T2, S.A. de C.V. and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (on an individual basis).

 

(2)

Eliminations consist of operations and balances between our subsidiaries, as well as reclassifications.

 

2


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2017

 

    

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Aeronautical and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

Non-Aeronautical

 

 

 

 

 

 

 

 

 

 

 

Non-

 

Aeronautical and

 

Revenues as a

 

 

 

 

 

 

 

 

Aeronautical

 

Aeronautical

 

Non-Aeronautical

 

Percentage of

 

Construction

 

Total

 

 

Revenues

 

Revenues

 

Revenues

 

Total Revenues

 

Revenues

 

Revenues

 

 

(in thousands of pesos)

Metropolitan

 

 

  

 

 

  

 

 

  

 

  

 

 

  

 

 

  

Monterrey

 

Ps.

2,046,097

 

Ps.

547,586

 

Ps.

2,593,683

 

87.6

%  

Ps.

367,214

 

Ps.

2,960,897

Tourist

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acapulco

 

 

158,448

 

 

34,089

 

 

192,537

 

34.1

%  

 

372,253

 

 

564,790

Mazatlán

 

 

249,479

 

 

47,819

 

 

297,298

 

90.8

%  

 

30,205

 

 

327,503

Zihuatanejo

 

 

167,550

 

 

27,334

 

 

194,884

 

87.4

%  

 

28,039

 

 

222,923

Regional

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chihuahua

 

 

308,746

 

 

52,742

 

 

361,488

 

74.7

%  

 

122,412

 

 

483,900

Culiacán

 

 

409,399

 

 

53,296

 

 

462,695

 

91.4

%  

 

43,362

 

 

506,057

Durango

 

 

100,884

 

 

11,061

 

 

111,945

 

84.9

%  

 

19,974

 

 

131,919

San Luis Potosí

 

 

149,823

 

 

24,603

 

 

174,426

 

61.6

%  

 

108,756

 

 

283,182

Tampico

 

 

171,550

 

 

25,859

 

 

197,409

 

80.9

%  

 

46,740

 

 

244,149

Torreón

 

 

156,158

 

 

22,478

 

 

178,636

 

89.9

%  

 

20,018

 

 

198,654

Zacatecas

 

 

95,153

 

 

12,172

 

 

107,325

 

84.8

%  

 

19,175

 

 

126,500

Border

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ciudad Juárez

 

 

244,891

 

 

40,676

 

 

285,567

 

89.9

%  

 

31,917

 

 

317,484

Reynosa

 

 

104,311

 

 

15,094

 

 

119,405

 

48.4

%  

 

127,353

 

 

246,758

Terminal 2 NH Collection Hotel

 

 

 —

 

 

250,777

 

 

250,777

 

100.0

%  

 

 —

 

 

250,777

Hilton Garden Inn Hotel

 

 

 —

 

 

90,875

 

 

90,875

 

100.0

%  

 

 —

 

 

90,875

OMA Vynmsa Aero Industrial Park

 

 

 —

 

 

12,914

 

 

12,914

 

100.0

%  

 

 —

 

 

12,914

Other(1)

 

 

 —

 

 

4,034,440

 

 

4,034,440

 

100.0

%  

 

 —

 

 

4,034,440

Total

 

 

4,362,489

 

 

5,303,815

 

 

9,666,304

 

87.8

%  

 

1,337,418

 

 

11,003,722

Eliminations(2)

 

 

(15,458)

 

 

(3,847,477)

 

 

(3,862,935)

 

N/A

 

 

(10,960)

 

 

(3,873,895)

Total Revenues

 

Ps.

4,347,031

 

Ps.

1,456,338

 

Ps.

5,803,369

 

81.4

%  

Ps.

1,326,458

 

Ps.

7,129,827


(1)

Represents our subsidiaries Servicios Aeroportuarios del Centro Norte, S.A. de C.V., Operadora de Aeropuertos del Centro Norte, S.A. de C.V., Servicios Aero Especializados del Centro Norte, S.A. de C.V., OMA Logística, S.A. de C.V., Holding Consorcio Grupo Hotelero T2, S.A. de C.V. and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (on an individual basis).

 

(2)

Eliminations consist of operations and balances between our subsidiaries, as well as reclassifications.

 

3


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2016

 

    

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Aeronautical and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

Non-Aeronautical

 

 

 

 

 

 

 

 

 

 

 

Non-

 

Aeronautical and

 

Revenues as a

 

 

 

 

 

 

 

 

Aeronautical

 

Aeronautical

 

Non-Aeronautical

 

Percentage of

 

Construction

 

Total

 

 

Revenues

 

Revenues

 

Revenues

 

Total Revenues

 

Revenues

 

Revenues

 

 

(in thousands of pesos)

Metropolitan

 

 

  

 

 

  

 

 

  

 

  

 

 

  

 

 

  

Monterrey

 

Ps.

1,799,823

 

Ps.

560,016

 

Ps.

2,359,839

 

96.0

%  

Ps.

97,631

 

Ps.

2,457,470

Tourist

 

 

  

 

 

  

 

 

 

 

  

 

 

  

 

 

 

Acapulco

 

 

149,214

 

 

30,446

 

 

179,660

 

70.1

%  

 

76,772

 

 

256,432

Mazatlán

 

 

221,522

 

 

46,879

 

 

268,401

 

93.2

%  

 

19,527

 

 

287,928

Zihuatanejo

 

 

141,091

 

 

26,280

 

 

167,371

 

86.7

%  

 

25,699

 

 

193,070

Regional

 

 

  

 

 

  

 

 

 

 

  

 

 

  

 

 

 

Chihuahua

 

 

272,921

 

 

48,374

 

 

321,295

 

95.2

%  

 

16,061

 

 

337,356

Culiacán

 

 

351,096

 

 

48,280

 

 

399,376

 

97.7

%  

 

9,608

 

 

408,984

Durango

 

 

98,550

 

 

11,026

 

 

109,576

 

96.2

%  

 

4,381

 

 

113,957

San Luis Potosí

 

 

130,337

 

 

23,666

 

 

154,003

 

86.3

%  

 

24,456

 

 

178,459

Tampico

 

 

162,389

 

 

22,735

 

 

185,124

 

85.2

%  

 

32,053

 

 

217,177

Torreón

 

 

151,251

 

 

20,087

 

 

171,338

 

96.8

%  

 

5,722

 

 

177,060

Zacatecas

 

 

87,616

 

 

10,120

 

 

97,736

 

92.7

%  

 

7,677

 

 

105,413

Border

 

 

  

 

 

  

 

 

 

 

  

 

 

  

 

 

 

Ciudad Juárez

 

 

208,042

 

 

34,351

 

 

242,393

 

96.1

%  

 

9,905

 

 

252,298

Reynosa

 

 

113,506

 

 

14,150

 

 

127,656

 

84.3

%  

 

23,847

 

 

151,503

Terminal 2 NH Collection Hotel

 

 

 —

 

 

227,884

 

 

227,884

 

100.0

%  

 

 —

 

 

227,884

Hilton Garden Inn Hotel

 

 

 —

 

 

83,625

 

 

83,625

 

100.0

%  

 

 —

 

 

83,625

OMA Vynmsa Aero Industrial Park

 

 

 —

 

 

4,952

 

 

4,952

 

100.0

%  

 

 —

 

 

4,952

Other(1)

 

 

 —

 

 

4,847,425

 

 

4,847,425

 

100.0

%  

 

 —

 

 

4,847,425

Total

 

 

3,887,358

 

 

6,060,296

 

 

9,947,654

 

96.6

%  

 

353,339

 

 

10,300,993

Eliminations(2)

 

 

(14,623)

 

 

(4,727,534)

 

 

(4,742,157)

 

N/A

 

 

(8,567)

 

 

(4,750,724)

Total Revenues

 

Ps.

3,872,735

 

Ps.

1,332,762

 

Ps.

5,205,497

 

93.8

%  

Ps.

344,772

 

Ps.

5,550,269


(1)

Represents our subsidiaries Servicios Aeroportuarios del Centro Norte, S.A. de C.V., Operadora de Aeropuertos del Centro Norte, S.A. de C.V., Servicios Aero Especializados del Centro Norte, S.A. de C.V., OMA Logística, S.A. de C.V., Holding Consorcio Grupo Hotelero T2, S.A. de C.V. and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (on an individual basis).

 

(2)

Eliminations consist of operations and balances between our subsidiaries, as well as reclassifications.

 

4


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2015

 

    

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Aeronautical and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

Non-Aeronautical

 

 

 

 

 

 

 

 

 

 

 

Non-

 

Aeronautical and

 

Revenues as a

 

 

 

 

 

 

 

 

Aeronautical

 

Aeronautical

 

Non-Aeronautical

 

Percentage of

 

Construction

 

Total

 

 

Revenues

 

Revenues

 

Revenues

 

Total Revenues

 

Revenues

 

Revenues

 

 

(in thousands of pesos)

Metropolitan

 

 

  

 

 

  

 

 

  

 

  

 

 

  

 

 

  

Monterrey

 

Ps.

1,443,311

 

Ps.

484,111

 

Ps.

1,927,422

 

96.4

%  

Ps.

70,999

 

Ps.

1,998,421

Tourist

 

 

  

 

 

  

 

 

 

 

  

 

 

  

 

 

 

Acapulco

 

 

138,309

 

 

27,864

 

 

166,173

 

67.0

%  

 

81,869

 

 

248,042

Mazatlán

 

 

168,703

 

 

40,820

 

 

209,523

 

83.5

%  

 

41,487

 

 

251,010

Zihuatanejo

 

 

118,736

 

 

23,751

 

 

142,487

 

71.1

%  

 

57,943

 

 

200,430

Regional

 

 

  

 

 

  

 

 

 

 

  

 

 

  

 

 

 

Chihuahua

 

 

196,033

 

 

40,204

 

 

236,237

 

98.4

%  

 

3,769

 

 

240,006

Culiacán

 

 

255,921

 

 

39,981

 

 

295,902

 

89.7

%  

 

34,058

 

 

329,960

Durango

 

 

63,186

 

 

9,080

 

 

72,266

 

96.0

%  

 

2,992

 

 

75,258

San Luis Potosí

 

 

99,341

 

 

20,482

 

 

119,823

 

96.3

%  

 

4,668

 

 

124,491

Tampico

 

 

144,178

 

 

22,810

 

 

166,988

 

94.6

%  

 

9,589

 

 

176,577

Torreón

 

 

110,480

 

 

18,191

 

 

128,671

 

89.7

%  

 

14,796

 

 

143,467

Zacatecas

 

 

66,957

 

 

9,304

 

 

76,261

 

84.9

%  

 

10,294

 

 

86,555

Border

 

 

  

 

 

  

 

 

 

 

  

 

 

  

 

 

 

Ciudad Juárez

 

 

146,201

 

 

29,225

 

 

175,426

 

94.9

%  

 

9,512

 

 

184,938

Reynosa

 

 

95,742

 

 

12,557

 

 

108,299

 

94.7

%  

 

6,012

 

 

114,311

Terminal 2 NH Collection Hotel

 

 

 —

 

 

212,488

 

 

212,488

 

100.0

%  

 

 —

 

 

212,488

Hilton Garden Inn Hotel

 

 

 —

 

 

16,882

 

 

16,882

 

100.0

%  

 

 —

 

 

16,882

Other(1)

 

 

 —