Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 314

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 314
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                                4.0 - 16.7%                                                                                        
  Constructions and improvements                  Remaining contractual lease term                                                                   
  Computer equipment                              25%                                                                                                
  Workshop tools                                  33.3%                                                                                              
  Electric power equipment                        10%                                                                                                
  Communications equipment                        10%                                                                                                
  Workshop machinery and equipment                10%                                                                                                
  Motorized transport equipment platform          25%                                                                                                
  Service carts on board                          20%                                                                                                
  Office furniture and equipment                  10%                                                                                                
  Leasehold improvements to flight equipment      The shorter of: (i) remaining contractual lease term or (ii) the next major maintenance event (1)  

  (1)      The period is determined in accordance with usage.  

The Company reviews annually the useful lives of these assets,
and any changes are accounted for prospectively.

The Company identified one Cash Generating Unit (CGU), which
includes the long-lived assets and the entire fleet, including right-of-use assets and flight equipment. The Company assesses at each
reporting date whether there is objective evidence that long-lived assets and the entire fleet, including right-of-use assets and flight
equipment, are impaired in the CGU. The Company records impairment charges on rotable spare parts, furniture and equipment and right-of-use
assets used in operations when events and circumstances indicate that the assets may be impaired or when the carrying amount of a long-lived
asset or related cash generating unit exceeds its recoverable amount, which is the higher of (i) its fair value less cost to sell and
(ii) its value in use.

The value in use calculation is based on a discounted cash
flow model, using projections of operating results for the near future, typically extending no more than five years. The recoverable amount
of long-lived assets is sensitive to the uncertainties inherent in the preparation of projections and the discount rate used in the calculation.

m) Foreign currency transactions and exchange differences

The Company’s consolidated financial statements are
presented in U. S. dollars, which is the functional currency of the parent company and its main subsidiaries. For each subsidiary, the
Company determines the functional currency, and items included in the financial statements of each entity are measured using the currency
of the primary economic environment in which each entity operates (“the functional currency”).

The financial statements of foreign operations prepared under
IFRS and denominated in their respective local currencies different from its functional currency are remeasured into their functional
currency as follows: