17. Employee benefits
The components of net period cost recognized in the
consolidated statements of operations and the obligations for seniority premium for the years ended December 31, 2025, 2024 and 2023,
are as follows:
| Schedule of analysis of net period cost | |
|
| |
|
| |
|
|
| | |
2025 | |
2024 | |
2023 |
| Analysis of net period cost: | |
|
| |
|
| |
|
|
| Current service cost | |
| US$ | |
| (940 | ) | |
| US$ | |
| 222 | | |
| US$ | |
| 2,187 | |
| Interest cost on benefit obligation | |
| | |
| 1,213 | | |
| | |
| 983 | | |
| | |
| 1,109 | |
| Net period cost | |
| US$ | |
| 273 | | |
| US$ | |
| 1,205 | | |
| US$ | |
| 3,296 | |
Changes in the defined benefit obligation are as follows:
| Schedule of changes in defined benefit obligation | |
| | |
| | | |
| | |
| | |
| | |
2025 | |
2024 |
| Defined benefit obligation as of January 1, | |
| US$ | |
| 12,790 | | |
| US$ | |
| 14,644 | |
| Net period cost charged to profit or loss: | |
| | |
| | | |
| | |
| | |
| Current service cost | |
| | |
| (940 | ) | |
| | |
| 222 | |
| Interest cost on benefit obligation | |
| | |
| 1,213 | | |
| | |
| 983 | |
| Remeasurement losses in other comprehensive income: | |
| | |
| | | |
| | |
| | |
| Actuarial changes arising from changes in assumptions | |
| | |
| 1,272 | | |
| | |
| 130 | |
| Payments made | |
| | |
| (494 | ) | |
| | |
| (879 | ) |
| Conversion effect foreign currency | |
| | |
| 1,541 | | |
| | |
| (2,310 | ) |
| Defined benefit obligation as of December 31, | |
| US$ | |
| 15,382 | | |
| US$ | |
| 12,790 | |
The significant assumptions used in the computation
of the seniority premium obligations are shown below:
| Schedule of significant assumptions used in the computation of the seniority premium obligations |
|
|
|
| |
2025 |
|
2024 |
| Financial: |
|
|
|
| Discount rate |
9.70% |
|
% |
| Expected rate of salary increases |
5.60% |
|
5.60% |
| Annual increase in minimum salary |
3.75%(1) (2) |
|
3.75%(1) (2) |
| |
|
|
|
| Biometric: |
|
|
|
| Mortality (3) |
EMSSA 09, CEPAL 2010 EL SALVADOR - COSTA RICA
|
|
EMSSA 09, CEPAL 2010 EL SALVADOR - COSTA RICA
|
| Disability (4) |
IMSS-97 |
|
IMSS-97 |
| (1) | | 3.75% applies to the General Zone and Border Zone in Mexico |
| (2) | | Border Zone, is made up of the states that border with the United States and the General
Zone is made up by the rest states of the country. |
| (3) | | Mexican Experience of social security (EMSSA), Economic Commission for Latin America and
the Caribbean (CEPAL for its Spanish acronym). |
| (4) | | Mexican Experience of Instituto Mexicano del Seguro Social (IMSS). |
As of December 31, 2025, and 2024, the accruals related
to employee profit sharing which is included as part of short-term other liabilities caption, are as follows:
| Schedule of accruals for short-term employee benefits | |
| |
|
| | |
2025 | |
2024 |
| Employee profit-sharing (Note 16) | |
| US$ | |
| 882 | | |
| US$ | |
| 18,755 | |
| | |
| | |
| | | |
| | |
| | |
Sensitivity analysis
A reasonably possible variation at the date of
the report, in one of the most significant actuarial assumptions, and assuming that the rest of the variables had remained constant, would
have affected the benefit obligations defined as of December 31, 2025 in the amounts as follows:
| Schedule of sensitivity analysis of
benefit obligations | |
| |
| | | |
| | | |
| | | |
| | |
| | |
| |
Present value of the defined benefit obligation (In thousands of U.S. dollars) |
| Assumptions | |
| |
Increase | |
Decrease |
| Discount rate: | |
50 basis points | |
| US$ | | |
| (819 | ) | |
| US$ | | |
| 900 | |
| Statutory minimum wage increase rate: | |
50 basis points | |
| US$ | | |
| 313 | | |
| US$ | | |
| (335 | ) |
| Salary increase rate: | |
50 basis points | |
| US$ | | |
| 609 | | |
| US$ | | |
| (566 | ) |
|