MEXICO CITY, Feb. 26, 2019
/PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de
C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading
international airport group with operations in Mexico, the U.S., and Colombia, today announced corrections to four
erroneous figures in the Consolidated Statement of Cash Flows table
presented on page 25 of its February 25,
2019 press release announcing financial results for the
three-and twelve-month periods ended December 31, 2018. These errors were
inadvertently made, and the relevant subtotals and totals of the
cash flow statement remain unchanged following the corrections
presented below. A corrected Consolidated Statement Cash Flows for
the aforementioned reporting periods accompanies this press
release.
Corrections made to Consolidated Statement of Cash
Flows:
Fourth quarter comparisons
Bank loans paid was changed to Ps.1,478.8 million from Ps.106.3
million
Interest paid was changed to Ps.307.4 million from Ps.1,679.9
million
Full-year comparisons
Bank loans paid was changed to Ps.3,090.1 million from
Ps.0.0
Interest paid was changed to Ps.1,139.1 million from Ps.4,229.2
million
Please note that the percentage variances for each of the above
corrected figures have also been changed in the accompanying table
on page two of this release.
|
Grupo
Aeroportuario del Sureste, S.A.B. de C.V.
|
|
Consolidated
Statement of Cash Flow as of December 31, 2018 and 2017 and
for the periods of
October 1, to December 31, 2018 and 2017.
|
|
Thousands of mexican
pesos
|
|
|
|
|
|
|
|
|
|
Item
|
12M
2017
|
12M
2018
|
%
Chg
|
|
4Q
2017
|
4Q
2018
|
%
Chg
|
|
|
Operating
Activities
|
|
|
|
|
|
|
|
|
Income Before
Income Taxes
|
8,386,544
|
6,916,699
|
(17.5)
|
|
3,477,326
|
1,938,186
|
(44.3)
|
|
Items Related with
Investing Activities:
|
|
|
|
|
|
|
|
|
Depreciation and
Amortization
|
1,166,114
|
1,760,741
|
51.0
|
|
611,672
|
245,555
|
(59.9)
|
|
Impairment
goodwill
|
4,719,096
|
-
|
n/a
|
|
4,719,096
|
-
|
n/a
|
|
Income from Results
of Joint Venture Accounted by the Equity Method
|
(112,345)
|
-
|
(100.0)
|
|
-
|
-
|
-
|
|
Gains in business
combination
|
(7,029,200)
|
-
|
(100.0)
|
|
(7,029,200)
|
-
|
(100.0)
|
|
Interest
Income
|
(245,787)
|
(280,622)
|
14.2
|
|
(81,833)
|
(71,612)
|
(12.5)
|
|
Interest
payables
|
618,831
|
1,242,972
|
100.9
|
|
299,946
|
317,077
|
5.7
|
|
Foreign Exchange Gain
(loss), net unearned
|
(139,295)
|
680
|
n/a
|
|
192,942
|
11,385
|
(94.1)
|
|
Gain (loss) Of
property - natural disaster
|
982
|
-
|
n/a
|
|
982
|
-
|
n/a
|
|
Sub-Total
|
7,364,940
|
9,640,470
|
30.9
|
|
2,190,931
|
2,440,591
|
11.4
|
|
Increase in Trade
Receivables
|
(51,155)
|
(122,770)
|
140.0
|
|
(349,190)
|
(547,786)
|
56.9
|
|
Decrease in
Recoverable Taxes and other Current Assets
|
449,002
|
56,374
|
(87.4)
|
|
1,426,830
|
83,581
|
(94.1)
|
|
Income Tax
Paid
|
(1,858,139)
|
(2,083,398)
|
12.1
|
|
(418,830)
|
(420,476)
|
0.4
|
|
Trade Accounts
Payable
|
154,791
|
(45,527)
|
n/a
|
|
345,738
|
140,709
|
(59.3)
|
|
|
|
|
|
|
|
|
|
Net Cash Flow
Provided by Operating Activities
|
6,059,439
|
7,445,149
|
22.9
|
|
3,195,479
|
1,696,619
|
(46.9)
|
|
|
|
|
|
|
|
|
|
Investing
Activities
|
|
|
|
|
|
|
|
|
Payment for
investment increase in Aerostar, net of cash
acquired
|
(183,386)
|
-
|
(100.0)
|
|
-
|
-
|
-
|
|
Payment for
acquisition of the subsidiary Airplan, net of cash
acquired
|
(3,752,081)
|
-
|
(100.0)
|
|
(3,752,081)
|
-
|
(100.0)
|
|
Investments in
Associates
|
-
|
(206,379)
|
-
|
|
-
|
-
|
-
|
|
Loans granted to
Associates
|
275,376
|
-
|
n/a
|
|
(4,025)
|
106,329
|
n/a
|
|
Restricted
cash
|
(89,361)
|
302,453
|
n/a
|
|
71,306
|
199,557
|
179.9
|
|
Investments in
Machinery, Furniture and Equipment, net
|
(1,471,418)
|
(1,636,325)
|
11.2
|
|
(766,160)
|
(266,516)
|
(65.2)
|
|
Interest
Income
|
259,717
|
265,350
|
2.2
|
|
92,275
|
65,667
|
(28.8)
|
|
Initial recognition
for consolidation
|
-
|
-
|
-
|
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
|
Net Cash Flow used
by Investing Activities
|
(4,961,153)
|
(1,274,901)
|
(74.3)
|
|
(4,358,685)
|
105,037
|
n/a
|
|
|
|
|
|
|
|
|
|
Excess Cash to Use
in Financing Activities
|
1,098,286
|
6,170,248
|
461.8
|
|
(1,163,206)
|
1,801,656
|
n/a
|
|
|
|
|
|
|
|
|
|
Bank Loans
received
|
8,000,000
|
-
|
n/a
|
|
4,000,000
|
-
|
n/a
|
|
Bank Loans
paid
|
(5,339,338)
|
(3,090,124)
|
(42.1)
|
|
(4,000,000)
|
(1,478,848)
|
(63.0)
|
|
Long term debt
paid
|
(102,907)
|
-
|
(100.0)
|
|
-
|
-
|
-
|
|
Interest
paid
|
(628,222)
|
(1,139,071)
|
81.3
|
|
(1,838,310)
|
(307,430)
|
(83.3)
|
|
Dividends
Paid
|
(1,848,000)
|
(2,034,000)
|
10.1
|
|
-
|
-
|
-
|
|
Increase in
capital
|
-
|
-
|
-
|
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
|
Net Cash Flow used
by Financing Activities
|
81,533
|
(6,263,195)
|
n/a
|
|
(1,838,310)
|
(1,786,278)
|
(2.8)
|
|
|
|
|
|
|
|
|
|
Net Increase in
Cash and Cash Equivalents
|
1,179,819
|
(92,947)
|
n/a
|
|
(3,001,516)
|
15,378
|
n/a
|
|
|
|
|
|
|
|
|
|
Cash and Cash
Equivalents at Beginning of Period
|
3,497,635
|
4,677,454
|
33.7
|
|
7,678,970
|
4,569,129
|
(40.5)
|
|
|
|
|
|
|
|
|
|
Cash and Cash
Equivalents at the End of Period
|
4,677,454
|
4,584,507
|
(2.0)
|
|
4,677,454
|
4,584,507
|
(2.0)
|
|
|
|
|
|
|
|
|
About ASUR
Grupo Aeroportuario del Sureste, S.A.B. de
C.V. (ASUR) is a leading international airport operator with a
portfolio of concessions to operate, maintain, and develop 16
airports in the Americas. This comprises nine airports in southeast
Mexico, including Cancun Airport,
the most important tourist destination in Mexico, the Caribbean, and Latin
America, and six airports in northern Colombia, including José MarÃa Córdova
International Airport (Rionegro), the second busiest airport in
Colombia. ASUR is also a 60% JV
partner in Aerostar Airport Holdings, LLC, operator of the Luis
Muñoz MarÃn International Airport serving the capital of
Puerto Rico, San Juan. San
Juan's Airport is the island's primary gateway for
international and mainland-US destinations and was the first and
currently the only major airport in the US to have successfully
completed a public–private partnership under the FAA Pilot Program.
Headquartered in Mexico, ASUR is
listed both on the Mexican Bolsa, where it trades under the symbol
ASUR, and on the NYSE in the U.S., where it trades under the symbol
ASR. One ADS represents ten (10) series B shares. For more
information, visit www.asur.com.mx
Analyst Coverage
In accordance with Mexican Stock
Exchange Internal Rules Article 4.033.01, ASUR informs that the
stock is covered by the following broker-dealers: Actinver Casa de
Bolsa, Barclays, BBVA Bancomer, BofA Merrill Lynch, BX+, Citi
Investment Research, Credit Suisse, Goldman Sachs, Grupo Bursatil
Mexicano, Grupo Financiero Interacciones, Grupo Financiero Monex,
HSBC, Intercam Casa de Bolsa, Insight Investment Research, Itau BBA
Securities, INVEX, JP Morgan, Morgan Stanley, Morningstar, Nau
Securities, Punto Casa de Bolsa, Santander Investment, Scotia
Capital, UBS Casa de Bolsa and Vector.
Please note that any opinions, estimates or forecasts regarding
the performance of ASUR issued by these analysts reflect their own
views, and therefore do not represent the opinions, estimates or
forecasts of ASUR or its management. Although ASUR may refer to or
distribute such statements, this does not imply that ASUR agrees
with or endorses any information, conclusions or recommendations
included therein.
Some of the statements contained in this press release
discuss future expectations or state other forward-looking
information. Those statements are subject to risks identified in
this press release and in ASUR's filings with the SEC. Actual
developments could differ significantly from those contemplated in
these forward-looking statements. The forward-looking information
is based on various factors and was derived using numerous
assumptions. Our forward-looking statements speak only as of the
date they are made and, except as may be required by applicable
law, we do not have an obligation to update or revise them, whether
as a result of new information, future or otherwise.
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content:http://www.prnewswire.com/news-releases/asur-announces-correction-to-its-4q18-earnings-release-dated-february-25-2019-300802667.html
SOURCE Grupo Aeroportuario del Sureste S.A.B. de C.V.