v3.25.1
Leases
12 Months Ended
Dec. 31, 2024
Presentation of leases for lessee [abstract]  
Leases Leases
For the years ended as of December 31, 2024 and 2023, the change in the Company’s right-of-use assets, is as follows:

20242023
Balance at beginning of the periodPs. 2,388Ps. 2,069
Additions1,046586
Remeasurements792812
Disposals(417)(271)
Depreciation(921)(776)
Hyperinflationary economies effect116
Effects of changes in foreign exchange rates90(38)
Balance at end of the periodPs. 2,989Ps. 2,388

As of December 31, 2024 and 2023, the lease liabilities are integrated as follows:

20242023
Maturity analysis – contractual undiscounted cash flows
Less than one yearPs. 1,175Ps. 966
One to three years1,8111,386
More than three years1,2941,353
Total undiscounted lease liabilities on December 31Ps. 4,280Ps. 3,705
Lease liabilities included in the statement of financial position on December 313,1842,521
CurrentPs. 889Ps. 752
Non-CurrentPs. 2,295Ps. 1,769

For the years ended as of December 31, 2024 and 2023, the change in the Company’s lease liabilities, is as follows:

20242023
Balance at beginning of the periodPs. 2,521Ps. 2,135
Additions1,046586
Remeasurements792812
Disposals(417)(277)
Payments(856)(690)
Foreign exchange effects7(20)
Effects of changes in foreign exchange rates91(25)
Balance at end of the periodPs. 3,184Ps. 2,521


The total lease payments during 2024, 2023 and 2022 were Ps. 1,205, Ps. 968, and Ps. 763, respectively; out of which, Ps. 349, Ps. 278, and Ps. 132, represented the interest expense reported in the consolidated income statements for the years ended on December 31, 2024, 2023 and 2022, respectively.

The expenses for the low value assets and short-term leases reported in the consolidated income statements recognized in operating expenses for the years ended on December 31, 2024, 2023 and 2022 were Ps. 238, Ps. 190 and Ps. 116, respectively.

As of December 31, 2024, 2023 and 2022 the weighted average incremental borrowing rate was 11.25%, 10.18% and 9.29%, respectively.