| Derivative Financial Instruments Contracted |
An analysis of the derivative financial instruments contracted by the Company at December 31, 2023 and 2024 is as follows:
| |
|
At December 31,
|
|
| |
|
2023
|
|
|
2024
|
|
|
Instrument
|
|
Notional amount in
millions
|
|
|
Fair Value
|
|
|
Notional amount in
millions
|
|
|
Fair Value
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
XCS US Dollar – Mexican Peso
|
|
US$
|
150 |
|
|
Ps.
|
56,426 |
|
|
US$
|
2,700 |
|
|
Ps.
|
8,538,837 |
|
|
XCS US Dollar – Euro
|
|
US$
|
800 |
|
|
|
257,278
|
|
|
US$
|
800 |
|
|
|
582,620
|
|
|
XCS Yen – US Dollar
|
|
¥
|
6,500
|
|
|
|
34,720
|
|
|
|
—
|
|
|
|
—
|
|
|
XCS Euro – US Dollar
|
|
€
|
152
|
|
|
|
104,070
|
|
|
|
—
|
|
|
|
—
|
|
|
XCS US Dollar – Chilean Peso
|
|
|
—
|
|
|
|
—
|
|
|
US$
|
400 |
|
|
|
1,529,257
|
|
|
Interest Rate Swaps US Dollar – Chilean Peso
|
|
|
|
|
|
|
|
|
|
US$
|
392 |
|
|
|
5,373
|
|
|
Interest Rate Swaps Chilean Peso – US Dollar
|
|
|
|
|
|
|
|
|
|
CLP$
|
306,554 |
|
|
|
12,372
|
|
|
Forwards US Dollar – Mexican Peso
|
|
US$
|
228 |
|
|
|
12,009
|
|
|
|
—
|
|
|
|
—
|
|
|
Forwards Brazilian Real – US Dollar
|
|
R$
|
5,201
|
|
|
|
407,878
|
|
|
|
—
|
|
|
|
—
|
|
|
Forwards Euro – US Dollar
|
|
€
|
1,390
|
|
|
|
573,653
|
|
|
|
—
|
|
|
|
—
|
|
|
Total Assets
|
|
|
|
|
|
Ps.
|
1,446,034 |
|
|
|
|
|
|
Ps.
|
10,668,460 |
|
| |
|
At December 31,
|
|
| |
|
2023
|
|
|
2024
|
|
|
Instrument
|
|
Notional amount in
millions
|
|
|
Fair Value
|
|
|
Notional amount in
millions
|
|
|
Fair Value
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
XCS US Dollar – Mexican Peso
|
|
US$
|
3,140 |
|
|
Ps.
|
(5,147,566 |
) |
|
US$
|
2,190 |
|
|
Ps.
|
(4,076,647 |
) |
|
XCS Mexican Peso – US Dollar
|
|
|
—
|
|
|
|
—
|
|
|
MXN$
|
8,094 |
|
|
|
(254,549
|
)
|
|
XCS US Dollar – Euro
|
|
US$
|
150 |
|
|
|
(276,227
|
)
|
|
US$
|
150 |
|
|
|
(158,661
|
)
|
|
XCS Yen – US Dollar
|
|
¥
|
6,500
|
|
|
|
(270,825
|
)
|
|
¥
|
13,000
|
|
|
|
(493,179
|
)
|
|
XCS Pound Sterling – Euro
|
|
£
|
640
|
|
|
|
(1,586,633
|
)
|
|
£
|
640
|
|
|
|
(1,259,750
|
)
|
|
XCS Pound Sterling – US Dollar
|
|
£
|
1,560
|
|
|
|
(8,069,567
|
)
|
|
£
|
1,560
|
|
|
|
(11,184,561
|
)
|
|
XCS Euro – US Dollar
|
|
€
|
825
|
|
|
|
(1,680,315
|
)
|
|
€
|
802
|
|
|
|
(2,793,689
|
)
|
|
Interest Rate Swaps US Dollar – Chilean Peso
|
|
|
|
|
|
|
|
|
|
US$
|
385 |
|
|
|
(19,872
|
)
|
|
Interest Rate Swaps Chilean Peso – US Dollar
|
|
|
|
|
|
|
|
|
|
CLP$
|
384,948 |
|
|
|
(12,613
|
)
|
|
Forwards US Dollar – Mexican Peso
|
|
US$
|
742 |
|
|
|
(311,288
|
)
|
|
|
—
|
|
|
|
—
|
|
|
Forwards Brazilian Real – US Dollar
|
|
R$
|
123
|
|
|
|
(459
|
)
|
|
R$
|
6,155
|
|
|
|
(1,401,460
|
)
|
|
Forwards Euro – US Dollar
|
|
€
|
435
|
|
|
|
(160,448
|
)
|
|
€
|
1,036
|
|
|
|
(530,728
|
)
|
|
Forwards Euro – Mexican Peso
|
|
€
|
50
|
|
|
|
(16,267
|
)
|
|
|
—
|
|
|
|
—
|
|
|
Call option
|
|
€
|
2,020
|
|
|
|
(376,784
|
)
|
|
|
—
|
|
|
|
—
|
|
|
Total Liabilities
|
|
|
—
|
|
|
Ps.
|
(17,896,379 |
) |
|
|
—
|
|
|
Ps.
|
(22,185,709 |
) |
|
*Totals may not sum due to rounding
|
|
**XCS stands for Cross Currency Swaps
|
|
| Maturities of Notional Amount of Derivatives |
The maturities of the notional amount of the derivatives are as follows:
|
Instrument
|
Notional
amount in
millions
|
|
2025
|
|
|
2026
|
|
|
2027
|
|
|
2028
|
|
|
2029
Thereafter
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
XCS US Dollar – Mexican Peso
|
US$
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
2,700
|
|
|
XCS US Dollar - Euro
|
US$
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
800
|
|
|
XCS US Dollar – Chilean Peso
|
US$
|
|
|
—
|
|
|
|
223
|
|
|
|
177
|
|
|
|
—
|
|
|
|
—
|
|
|
Interest Rate Swaps US Dollar – Chilean Peso
|
US$
|
|
|
—
|
|
|
|
—
|
|
|
|
392
|
|
|
|
—
|
|
|
|
—
|
|
|
Interest Rate Swaps Chilean Peso – US Dollar
|
CLP$
|
|
|
—
|
|
|
|
306,554
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
XCS US Dollar – Mexican Peso
|
US$
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
2,190
|
|
|
XCS Mexican Peso – US Dollar
|
MXN$
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
8,094
|
|
|
XCS US Dollar - Euro
|
US$
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
150
|
|
|
XCS Euro – US Dollar
|
|
|
|
—
|
|
|
|
—
|
|
|
|
402
|
|
|
|
400
|
|
|
|
—
|
|
|
XCS Yen – US Dollar
|
¥
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
13,000
|
|
|
XCS Sterling Pound – Euro
|
£
|
|
|
—
|
|
|
|
390
|
|
|
|
—
|
|
|
|
—
|
|
|
|
250
|
|
|
XCS Sterling Pound – US Dollar
|
£
|
|
|
—
|
|
|
|
110
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,450
|
|
|
Interest Rate Swaps US Dollar – Chilean Peso
|
US$
|
|
|
—
|
|
|
|
385
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Interest Rate Swaps Chilean Peso – US Dollar
|
CLP$
|
|
|
—
|
|
|
|
384,948
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Forwards Euro – US Dollar
|
€
|
|
|
1,036
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Forwards Brazilian Real – US Dollar
|
R$
|
|
|
6,155
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|