Regulated revenue. Comprises 89% of the regulated airports tariffs for passengers and services established in the concession contract which are recognized as a performance obligation satisfied at a point in time. Company Management has assessed that the performance obligation is satisfied when the passengers and airlines have made use of the airport facilities. Regulated tariff notifications are issued to airlines monthly (general services and domestic passengers) and every ten days (international passengers).
Regulated revenue. Corresponds to the regulated revenue of NQIA. In accordance with the renegotiation process and as a result of the Strategic Alliance Agreement, Quiport has been entitled to receive 89% of regulated revenue starting in the Airport Opening day (February 20, 2013) until the end of the concession period, 11% of the regulated revenues are transferred to the Municipality of Quito. This amount shall increase to 12% during the final last 5 years of the concession period. During 2023 (and 2022), the total number of departing passengers were 2,732,586 and 2,179,830 respectively, and the total number of flights during 2023 and 2022 were 57,691 and 53,359, respectively. A breakdown of the share of regulated revenues is as follows: Participation Total regulated 89% 11% revenue Quiport Municipio Passenger tariffs 102,669 91,375 11,294 Airport services tariffs 53,716 47,807 5,909 156,385 139,182 17,203 Reimbursement (9) (9) - Total US$ 156,376 139,173 17,203 Year 2022: Passenger tariffs 74,263 66,094 8,169 Airport services tariffs 43,924 39,092 4,832 118,187 105,186 13,001 Reimbursement (12) (12) - Total US$ 118,175 105,174 13,001
Regulated revenue. Regulated Revenue is defined as the full subset of revenue earned by Regulated Maryland Hospitals for which the State has the legal authority to set payment rates and for which CMS has agreed to reimburse on the basis of the set rates under this Model.
