Central North Airport Group Files 6-K Report

Ticker: GAERF · Form: 6-K · Filed: Feb 23, 2024 · CIK: 1378239

Sentiment: neutral

Topics: regulatory-filing, foreign-issuer, airport-services

TL;DR

**Central North Airport Group filed a standard 6-K, confirming its ongoing regulatory compliance as a foreign issuer.**

AI Summary

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (Central North Airport Group) filed a 6-K report on February 23, 2024, for the month of February 2024. The filing, under SEC file number 001-33168, indicates its business address as Aeropuerto Internacional de Monterrey, Carretera Miguel Alemán, Km. 24 S/N, Apodaca, Nuevo León, México. The company operates in the Airports, Flying Fields & Airport Terminal Services industry.

Why It Matters

This routine filing provides transparency into the ongoing regulatory compliance of a foreign private issuer operating key infrastructure in Mexico, which can impact investors tracking international airport operations.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (6-K) and does not contain information indicating new or elevated risks.

Key Players & Entities

FAQ

What type of filing is this document?

This document is a Form 6-K, a 'Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934'.

Who is the registrant for this 6-K filing?

The registrant is GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V., also known as Central North Airport Group.

When was this 6-K filed?

This 6-K was filed on February 23, 2024, with a conformed period of report of February 22, 2024.

What is the business address of the registrant?

The business address is Aeropuerto Internacional de Monterrey, Carretera Miguel Alemán, Km. 24 S/N, Apodaca, Nuevo León, México.

What is the SEC file number for Central North Airport Group?

The SEC file number for Central North Airport Group is 001-33168.

Filing Stats: 2,403 words · 10 min read · ~8 pages · Grade level 10.3 · Accepted 2024-02-22 21:27:12

Key Financial Figures

Filing Documents

Financial statements are prepared in accordance

Financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”), and presented in accordance with IAS 34 “Interim Financial Reporting.” For more information, please refer to our Quarterly Financial Information submitted to the Mexican Stock Exchange (www.bmv.com.mx) Unless stated otherwise, all comparisons of operating or financial results are made with respect to the comparable period of 2022. The exchange rates used to convert foreign currency amounts were Ps.19.4715 as of December 31, 2022 and Ps.16.9190 as of December 31, 2023. Construction revenue, construction cost: IFRIC 12 “Service Concession Arrangements” addresses how service concession operators should account for the obligations they undertake and rights they receive in service concession arrangements. The concession contracts for each of OMA’s airport subsidiaries establishes that the concessionaire is obligated to carry out improvements to the infrastructure transferred in exchange for the rights over the concession granted by the Federal Government. The latter will receive all the assets at the end of the concession period. As a result, the concessionaire should recognize, using the percentage of completion method, the revenues and costs associated with the improvements to the concessioned assets. The amount of the revenues and costs so recognized should be the price that the concessionaire pays or would pay in an arm’s length transaction for the execution of the works or the purchase of machinery and equipment, with no profit recognized for the construction or improvement. The application of IFRIC 12 does not affect operating income, net income, or EBITDA, but does affect calculations of margins based on total revenues. Capital investments: includes investments in fixed assets (including investments in land, machinery, and equipment) and improvements to concessioned properties under the Master Development Pla

View Full Filing

View this 6-K filing on SEC EDGAR

View on Read The Filing