Central North Airport Group (OMA) Files July 6-K Report

Ticker: GAERF · Form: 6-K · Filed: Jul 26, 2024 · CIK: 1378239

Sentiment: neutral

Topics: foreign-private-issuer, sec-filing, routine-report

TL;DR

OMA filed its July 6-K, standard procedure for foreign issuers.

AI Summary

Grupo Aeroportuario del Centro Norte (OMA) filed a Form 6-K on July 26, 2024, reporting information for the month of July. The filing is for a foreign private issuer and indicates the company files annual reports under Form 20-F. OMA is incorporated in Mexico and its principal executive offices are located in San Pedro Garza García, Nuevo León.

Why It Matters

This filing provides routine updates for investors and regulators regarding the company's ongoing reporting obligations as a foreign private issuer.

Risk Assessment

Risk Level: low — This filing is a routine report and does not contain new material financial information or significant operational changes.

Key Players & Entities

FAQ

What is the purpose of a Form 6-K filing?

A Form 6-K is a report of foreign private issuers required to be filed with the SEC to provide information that the issuer makes or is required to make public pursuant to the laws of its home country, or that it furnishes or is required to furnish to its security holders.

What is the filing date of this report?

The filing date of this report is July 26, 2024.

What period does this report cover?

This report covers information for the month of July, with a period of report date of July 25, 2024.

What is the company's jurisdiction of incorporation?

The company's jurisdiction of incorporation is Mexico.

Does Central North Airport Group file annual reports under Form 20-F?

Yes, the filing indicates that the registrant files annual reports under cover of Form 20-F.

Filing Stats: 2,534 words · 10 min read · ~8 pages · Grade level 9.8 · Accepted 2024-07-25 20:00:51

Key Financial Figures

Filing Documents

Financial statements are prepared in accordance with

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 2023. The exchange rates used to convert foreign currency amounts were Ps.17.1187 as of June 30, 2023, Ps.16.9190 as of December 31, 2023 and Ps.18.3773 June 30, 2024. 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

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