Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 294

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 294
---
 or detect misstatements. Also, projections of any evaluation of effectiveness to future periods
are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.

KPMG Cardenas Dosal S. C.

Mexico City, Mexico

April 29, 2025

  F-5  

CONTROLADORA VUELA COMPAÑÍ A DE AVIACIÓ N,
S. A. B. DE C. V. AND SUBSIDIARIES

(d. b. a. VOLARIS)

Consolidated Statements of Financial Position

(In thousands of U. S. dollars)

                                                                   As of December 31,                                            
                                                                   2024                                    2023                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Assets                                                                                                                         
  Current assets:                                                                                                                
  Cash and cash equivalents (Note 6)                               US$                        907,981      US$          774,154  
  Short-term investments                                                                       45,737                    15,265  
  Accounts receivable:                                                                                                           
  Related parties (Note 7)                                                                      2,161                         -  
  Other accounts receivable, net (Note 8)                                                      76,035                    89,244  
  Recoverable value-added tax and others                                                       47,825                    69,159  
  Recoverable income tax                                                                       12,789                    92,196  
  Inventories (Note 9)                                                                         16,633                    16,117  
  Prepaid expenses and other current assets (Note 10)                                          45,248                    43,676  
  Derivative financial instruments (Notes 3, 4 and 5)                                             431                         -  
  Guarantee deposits (Note 11)                                                                227,211                   147,836  
  Total current assets                                                                      1,382,051                 1,247,647  
  Non-current assets:                                                                                                            
  Rotable spare parts, furniture and equipment, net (Note 12)                               1,070,070                   804,610  
  Right-of-use assets, net (Note 14)                                                        2,469,580                 2,338,392  
  Intangible assets, net (Note 13)                                                             25,957                    16,219  
  Derivative financial instruments (Notes 3,