CONTENTS
|
Page
|
Consolidated Statement of Financial Position
|
1
|
Consolidated Statement of Income
|
2
|
Consolidated Statement of Comprehensive Income
|
3
|
Consolidated Statement of Changes in Equity
|
4
|
Consolidated Statement of Cash Flows
|
5
|
Notes to the Consolidated Financial Statements
|
6 - 36
|
S/ |
= |
Peruvian Sol |
US$
|
= |
United States dollar
|
AENZA S.A.A. AND SUBSIDIARIES
|
||||||||||||||||
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
|
||||||||||||||||
(All amounts are expressed in thousands of S/ unless otherwise stated)
|
||||||||||||||||
ASSETS
|
LIABILITIES AND EQUITY
|
|||||||||||||||
As of
|
As of
|
As of
|
As of
|
|||||||||||||
December 31, | September 30, | December 31, | September 30, | |||||||||||||
Note
|
2020
|
2021
|
Note
|
2020
|
2021
|
|||||||||||
Current assets
|
Current liabilities
|
|||||||||||||||
Cash and cash equivalents
|
8
|
900,168
|
1,019,547
|
Borrowings
|
15
|
452,884
|
297,913
|
|||||||||
Trade accounts receivables, net
|
9
|
703,167
|
721,184
|
Bonds
|
16
|
58,446
|
424,461
|
|||||||||
Work in progress
|
10
|
186,433
|
273,088
|
Trade accounts payable
|
17
|
1,097,167
|
1,042,243
|
|||||||||
Accounts receivable from related parties
|
11
|
27,338
|
30,835
|
Accounts payable to related parties
|
11
|
43,818
|
42,963
|
|||||||||
Other accounts receivable
|
12
|
433,531
|
399,919
|
Current income tax
|
34,494
|
61,137
|
||||||||||
Inventories, net
|
552,000
|
544,223
|
Other accounts payable
|
18
|
718,406
|
957,554
|
||||||||||
Prepaid expenses
|
22,972
|
27,225
|
Other provisions
|
19
|
92,757
|
105,805
|
||||||||||
Total current assets
|
2,825,609
|
3,016,021
|
Total current liabilities
|
2,497,972
|
2,932,076
|
|||||||||||
Non-current assets
|
Non-current liabilities
|
|||||||||||||||
Trade accounts receivable, net
|
9
|
730,666
|
765,660
|
Borrowings
|
15
|
445,436
|
408,040
|
|||||||||
Accounts receivable from related parties
|
11
|
620,071
|
671,838
|
Bonds
|
16
|
874,313
|
849,249
|
|||||||||
Prepaid expenses
|
22,264
|
18,873
|
Trade accounts payable
|
17
|
40,502
|
35,535
|
||||||||||
Other accounts receivable
|
12
|
328,223
|
371,789
|
Other accounts payable
|
18
|
183,232
|
160,249
|
|||||||||
Investments in associates and joint ventures
|
13
|
35,516
|
35,688
|
Accounts payable to related parties
|
11
|
36,297
|
51,006
|
|||||||||
Investment property
|
26,073
|
22,952
|
Other provisions
|
19
|
336,609
|
376,937
|
||||||||||
Property, plant and equipment, net
|
14
|
405,469
|
364,789
|
Deferred income tax liability
|
102,907
|
97,955
|
||||||||||
Intangible assets, net
|
14
|
791,990
|
747,691
|
Total non-current liabilities
|
2,019,296
|
1,978,971
|
||||||||||
Right-of-use assets, net
|
14
|
64,518
|
52,262
|
Total liabilities
|
4,517,268
|
4,911,047
|
||||||||||
Deferred income tax asset
|
262,165
|
300,365
|
||||||||||||||
Total non-current assets
|
3,286,955
|
3,351,907
|
Equity
|
20
|
||||||||||||
Capital
|
871,918
|
871,918
|
||||||||||||||
Legal reserve
|
132,011
|
132,011
|
||||||||||||||
Voluntary reserve
|
29,974
|
29,974
|
||||||||||||||
Share Premium
|
1,131,574
|
1,131,574
|
||||||||||||||
Other reserves
|
(169,234
|
) |
(168,102
|
) |
||||||||||||
Retained earnings
|
(728,637
|
) |
(832,123
|
) |
||||||||||||
Equity attributable to controlling interest in the Company
|
1,267,606
|
1,165,252
|
||||||||||||||
Non-controlling interest
|
327,690
|
291,629
|
||||||||||||||
Total equity
|
1,595,296
|
1,456,881
|
||||||||||||||
Total assets
|
6,112,564
|
6,367,928
|
Total liabilities and equity
|
6,112,564
|
6,367,928
|
AENZA S.A.A. AND SUBSIDIARIES
|
|||||||||||
CONSOLIDATED STATEMENT OF INCOME
|
|||||||||||
(All amounts are expressed in thousands of S/ unless otherwise stated)
|
|||||||||||
For the period
|
|||||||||||
ended September 30,
|
|||||||||||
Note
|
2020
|
2021
|
|||||||||
Revenues from construction activities
|
1,218,445
|
1,572,793
|
|||||||||
Revenues from services provided
|
747,447
|
884,544
|
|||||||||
Revenue from real estate and sale of goods
|
257,145
|
407,449
|
|||||||||
2,223,037
|
2,864,786
|
||||||||||
Cost of construction activities
|
(1,149,551
|
)
|
(1,515,536
|
)
|
|||||||
Cost of services provided
|
(658,657
|
)
|
(740,217
|
)
|
|||||||
Cost of real estate and sale of goods
|
(202,286
|
)
|
(324,936
|
)
|
|||||||
21
|
(2,010,494
|
)
|
(2,580,689
|
)
|
|||||||
Gross profit
|
212,543
|
284,097
|
|||||||||
Administrative expenses
|
21
|
(121,444
|
)
|
(141,961
|
)
|
||||||
Other income and expenses
|
22
|
(36,100
|
)
|
(6,610
|
)
|
||||||
Operating profit
|
54,999
|
135,526
|
|||||||||
Financial expenses
|
23
|
(102,205
|
)
|
(184,915
|
)
|
||||||
Financial income
|
23
|
13,961
|
4,169
|
||||||||
Share of the profit or loss of associates and joint ventures accounted for using the equity method
|
13
|
1,945
|
2,422
|
||||||||
Loss before income tax
|
(31,300
|
)
|
(42,798
|
)
|
|||||||
Income tax expense
|
(14,796
|
)
|
(37,142
|
)
|
|||||||
Loss for the period
|
(46,096
|
)
|
(79,940
|
)
|
|||||||
(Loss) profit attributable to:
|
|||||||||||
Owners of the Company
|
(55,143
|
)
|
(103,486
|
)
|
|||||||
Non-controlling interest
|
9,047
|
23,546
|
|||||||||
(46,096
|
)
|
(79,940
|
)
|
||||||||
Loss per share attributable to owners of the
|
|||||||||||
Company during the period
|
27
|
(0.063
|
)
|
(0.119
|
)
|
AENZA S.A.A. AND SUBSIDIARIES
|
||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
|
||||||||||||
(All amounts are expressed in thousands of S/ unless otherwise stated)
|
||||||||||||
For the period
|
||||||||||||
ended September 30,
|
||||||||||||
Note
|
2020
|
2021
|
||||||||||
Loss for the period
|
(46,096
|
)
|
(79,940
|
)
|
||||||||
Other comprehensive income:
|
||||||||||||
Items that may be subsequently reclassified to profit or loss
|
||||||||||||
Cash flow hedge, net of tax
|
(626
|
)
|
-
|
|||||||||
Foreign currency translation adjustment, net of tax
|
(14,465
|
)
|
2,305
|
|||||||||
Exchange difference from net investment in a foreign operation, net of tax
|
144
|
74
|
||||||||||
Other comprehensive income for the period, net of tax
|
(14,947
|
)
|
2,379
|
|||||||||
Total comprehensive income for the period
|
(61,043
|
)
|
(77,561
|
)
|
||||||||
Comprehensive income attributable to:
|
||||||||||||
Owners of the Company
|
(65,850
|
)
|
(102,354
|
)
|
||||||||
Non-controlling interest
|
4,807
|
24,793
|
||||||||||
(61,043
|
)
|
(77,561
|
)
|
AENZA S.A.A. AND SUBSIDIARIES
|
||||||||||||||||||||||||||||||||||||||||
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
|
||||||||||||||||||||||||||||||||||||||||
FOR THE PERIOD ENDED SEPTEMBER 30, 2020 AND 2021
|
||||||||||||||||||||||||||||||||||||||||
(All amounts are expressed in thousands of S/ unless otherwise stated)
|
||||||||||||||||||||||||||||||||||||||||
Attributable to the controlling interests of the Company
|
||||||||||||||||||||||||||||||||||||||||
Number
|
||||||||||||||||||||||||||||||||||||||||
of shares
|
Legal
|
Voluntary
|
Share
|
Other
|
Retained
|
Non-controlling
|
||||||||||||||||||||||||||||||||||
In thousands
|
Capital
|
reserve
|
reserve
|
premium
|
reserves
|
earnings
|
Total
|
interest
|
Total
|
|||||||||||||||||||||||||||||||
Balances as of January 1, 2020
|
871,918
|
871,918
|
132,011
|
29,974
|
1,132,179
|
(177,506
|
)
|
(510,766
|
)
|
1,477,810
|
398,275
|
1,876,085
|
||||||||||||||||||||||||||||
(Loss) profit for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
(55,143
|
)
|
(55,143
|
)
|
9,047
|
(46,096
|
)
|
|||||||||||||||||||||||||||
Cash flow hedge
|
-
|
-
|
-
|
-
|
-
|
(594
|
)
|
-
|
(594
|
)
|
(32
|
)
|
(626
|
)
|
||||||||||||||||||||||||||
Foreign currency translation adjustment
|
-
|
-
|
-
|
-
|
-
|
(10,257
|
)
|
-
|
(10,257
|
)
|
(4,208
|
)
|
(14,465
|
)
|
||||||||||||||||||||||||||
Exchange difference from net investment in a foreign operation
|
-
|
-
|
-
|
-
|
-
|
144
|
-
|
144
|
-
|
144
|
||||||||||||||||||||||||||||||
Comprehensive income of the period
|
-
|
-
|
-
|
-
|
-
|
(10,707
|
)
|
(55,143
|
)
|
(65,850
|
)
|
4,807
|
(61,043
|
)
|
||||||||||||||||||||||||||
Transactions with shareholders:
|
||||||||||||||||||||||||||||||||||||||||
- Dividend distribution
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(64,716
|
)
|
(64,716
|
)
|
||||||||||||||||||||||||||||
- Contributions (devolution) of non-controlling shareholders, net
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(11,419
|
)
|
(11,419
|
)
|
||||||||||||||||||||||||||||
- Additional acquisition of non-controlling
|
-
|
-
|
-
|
-
|
(605
|
)
|
-
|
-
|
(605
|
)
|
(89
|
)
|
(694
|
)
|
||||||||||||||||||||||||||
Total transactions with shareholders
|
-
|
-
|
-
|
-
|
(605
|
)
|
-
|
-
|
(605
|
)
|
(76,224
|
)
|
(76,829
|
)
|
||||||||||||||||||||||||||
Balances as of September 30, 2020
|
871,918
|
871,918
|
132,011
|
29,974
|
1,131,574
|
(188,213
|
)
|
(565,909
|
)
|
1,411,355
|
326,858
|
1,738,213
|
||||||||||||||||||||||||||||
Balances as of January 1, 2021
|
871,918
|
871,918
|
132,011
|
29,974
|
1,131,574
|
(169,234
|
)
|
(728,637
|
)
|
1,267,606
|
327,690
|
1,595,296
|
||||||||||||||||||||||||||||
(Loss) profit for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
(103,486
|
)
|
(103,486
|
)
|
23,546
|
(79,940
|
)
|
|||||||||||||||||||||||||||
Foreign currency translation adjustment
|
-
|
-
|
-
|
-
|
-
|
1,058
|
-
|
1,058
|
1,247
|
2,305
|
||||||||||||||||||||||||||||||
Exchange difference from net investment in a foreign operation
|
-
|
-
|
-
|
-
|
-
|
74
|
-
|
74
|
-
|
74
|
||||||||||||||||||||||||||||||
Comprehensive income of the period
|
-
|
-
|
-
|
-
|
-
|
1,132
|
(103,486
|
)
|
(102,354
|
)
|
24,793
|
(77,561
|
)
|
|||||||||||||||||||||||||||
Transactions with shareholders:
|
||||||||||||||||||||||||||||||||||||||||
- Dividend distribution
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(36,250
|
)
|
(36,250
|
)
|
||||||||||||||||||||||||||||
- Contributions (devolution) of non-controlling shareholders, net
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(24,604
|
)
|
(24,604
|
)
|
||||||||||||||||||||||||||||
Total transactions with shareholders
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(60,854
|
)
|
(60,854
|
)
|
||||||||||||||||||||||||||||
Balances as of September 30, 2021
|
871,918
|
871,918
|
132,011
|
29,974
|
1,131,574
|
(168,102
|
)
|
(832,123
|
)
|
1,165,252
|
291,629
|
1,456,881
|
AENZA S.A.A. AND SUBSIDIARIES
|
|||||||||||
CONSOLIDATED STATEMENT OF CASH FLOWS
|
|||||||||||
(All amounts are expressed in thousands of S/ unless otherwise stated)
|
|||||||||||
For the period
|
|||||||||||
ended September 30,
|
|||||||||||
Note
|
2020
|
2021
|
|||||||||
OPERATING ACTIVITIES
|
|||||||||||
Loss before income tax
|
(31,300
|
)
|
(42,798
|
)
|
|||||||
Adjustments to profit not affecting cash flows from operating activities:
|
|||||||||||
Depreciation
|
21
|
79,167
|
75,804
|
||||||||
Amortization
|
21
|
75,164
|
74,153
|
||||||||
Impairment of inventories
|
107
|
-
|
|||||||||
Impairment of accounts receivable and other accounts receivable
|
28,886
|
1,323
|
|||||||||
Reversal of impairment of inventories
|
(1,567
|
)
|
-
|
||||||||
Debt condonation
|
(205
|
)
|
-
|
||||||||
Reversal of property, plant and equipment
|
(319
|
)
|
(1,939
|
)
|
|||||||
Impairment of intangible assets
|
8
|
-
|
|||||||||
Change in the fair value of the liability for put option
|
969
|
-
|
|||||||||
Other provisions
|
31,093
|
8,026
|
|||||||||
Financial expense,net
|
160,282
|
205,813
|
|||||||||
Impairment of work in progress
|
13,595
|
-
|
|||||||||
Share of the profit and loss of associates and joint ventures accounted for using the equity method
|
13
|
(1,945
|
)
|
(2,422
|
)
|
||||||
Reversal of provisions
|
(7,108
|
)
|
(9,101
|
)
|
|||||||
Disposal of assets
|
2,322
|
5,627
|
|||||||||
(Profit) loss on sale of property, plant and equipment
|
(9
|
)
|
111
|
||||||||
(Profit) loss on remeasurement of accounts receivable
|
(9,778
|
)
|
69,471
|
||||||||
Net variations in assets and liabilities:
|
|||||||||||
Trade accounts receivable and working in progress
|
114,478
|
(135,177
|
)
|
||||||||
Other accounts receivable
|
42,885
|
(70
|
)
|
||||||||
Other accounts receivable from related parties
|
(30,836
|
)
|
(86,556
|
)
|
|||||||
Inventories
|
(50,485
|
)
|
9,178
|
||||||||
Pre-paid expenses and other assets
|
1,076
|
(862
|
) |
||||||||
Trade accounts payable
|
(169,619
|
)
|
(61,760
|
)
|
|||||||
Other accounts payable
|
68,456
|
173,132
|
|||||||||
Other accounts payable to related parties
|
15,823
|
(4,097
|
)
|
||||||||
Other provisions
|
(5,347
|
)
|
(4,681
|
)
|
|||||||
Interest payment
|
(99,912
|
)
|
(112,109
|
)
|
|||||||
Payments for purchases of intangibles - Concessions
|
(890
|
)
|
(2,280
|
)
|
|||||||
Payment of income tax
|
(83,799
|
)
|
(57,331
|
)
|
|||||||
Net cash provided by operating activities
|
141,192
|
101,455
|
|||||||||
INVESTING ACTIVITIES
|
|||||||||||
Sale of property, plant and equipment
|
5,563
|
6,476
|
|||||||||
Interest received
|
3,163
|
1,703
|
|||||||||
Dividends received
|
701
|
2,236
|
|||||||||
Payment for purchase of investments properties
|
(40
|
)
|
(124
|
)
|
|||||||
Payments for intangible purchase
|
(39,498
|
)
|
(25,669
|
)
|
|||||||
Payments for property, plant and equipment purchase
|
(24,746
|
)
|
(24,823
|
)
|
|||||||
Net cash applied to investing activities
|
(54,857
|
)
|
(40,201
|
)
|
|||||||
FINANCING ACTIVITIES
|
|||||||||||
Loans received
|
66,466
|
208,224
|
|||||||||
Bonds issued
|
-
|
359,890
|
|||||||||
Amortization of loans received
|
(194,079
|
)
|
(443,425
|
)
|
|||||||
Amortization of bonds issued
|
(28,022
|
)
|
(37,403
|
)
|
|||||||
Payment for transaction costs for debt
|
-
|
(6,534
|
)
|
||||||||
Dividends paid to non-controlling interest
|
(55,085
|
)
|
(18,225
|
)
|
|||||||
Cash received (return of contributions) from non-controlling shareholders
|
(11,419
|
)
|
(24,604
|
)
|
|||||||
Net cash applied to financing activities
|
(222,139
|
)
|
37,923
|
||||||||
Net increase (net decrease) in cash
|
(135,804
|
)
|
99,176
|
||||||||
Exchange difference
|
5,182
|
20,178
|
|||||||||
Cash and cash equivalents at the beginning of the period
|
950,701
|
900,168
|
|||||||||
Cash and cash equivalents at the end of the period
|
8
|
820,079
|
1,019,522
|
||||||||
NON-CASH TRANSACTIONS:
|
|||||||||||
Capitalization of interests
|
5,129
|
1,792
|
|||||||||
Acquisition of assets through finance leases
|
55
|
58
|
|||||||||
Dividends declared to non-controlling interest
|
9,631
|
18,025
|
|||||||||
Acquisition of right-of-use assets
|
9,673
|
5,707
|
|||||||||
Acquisition of supplier bonds
|
25,871
|
-
|
d) |
Changes in Shareholders and Board of Directors
|
1. |
Change of denomination of the Strategy and Investments Committee to the Finance, Risks and Investments Committee;
|
2. |
Merge the Audit Committee and the Risks and Compliance Committee into a new Audit and Compliance Committee, and transfer the supervision of risks to the Finance, Risks and Investments Committee;
|
3. |
Create the Environmental, Social and Governance (ESG) Committee;
|
4. |
Designate the members of the Board Committees:
|
(a) |
Audit and Compliance Committee: Carlos Rojas Perla (Chairman), Santiago Hernando Pérez y Antonio Carlos Valente Da Silva.
|
(c) |
Talent Committee: Juan Vicente Revilla Vergara (Chairman), Gustavo Nickel Buffara de Freitas, Santiago Hernando Pérez y Esteban Viton Ramirez.
|
(d) |
Finance, Risks and Investments Committee: Pablo Ignacio Kühlenthal Becker (Chairman), Nicolás Bañados Lyon, Carlos Rojas Perla y Gustavo Nickel Buffara de Freitas
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Soles (a)
|
3.624
|
4.136
|
||||||
Chilean Pesos (b)
|
711.24
|
811.90
|
||||||
Colombian Pesos (c)
|
3,432.50
|
3,834.68
|
As of December 31, 2020
|
As of September 30, 2021
|
|||||||||||||||
S/(000
|
)
|
USD(000)
|
S/(000
|
)
|
USD(000)
|
|||||||||||
Assets
|
2,125,400
|
586,479
|
2,089,791
|
505,266
|
||||||||||||
Liabilities
|
1,165,475
|
321,599
|
2,615,696
|
632,422
|
2020
|
2021
|
|||||||
Gain
|
321,590
|
355,243
|
||||||
Loss
|
(320,483
|
)
|
(372,876
|
)
|
Less than
|
1-2
|
2-5
|
More than
|
|||||||||||||||||
As of December 31, 2020
|
1 year
|
years
|
years
|
5 years
|
Total
|
|||||||||||||||
Other financial liabilities (except
|
||||||||||||||||||||
for finance leases and lease
|
||||||||||||||||||||
liability for right-of-use asset)
|
433,318
|
183,796
|
197,785
|
23,953
|
838,852
|
|||||||||||||||
Finance leases
|
16,287
|
14,919
|
20,851
|
8,515
|
60,572
|
|||||||||||||||
Lease liability for right-of-use asset
|
24,714
|
32,006
|
19,847
|
11,131
|
87,698
|
|||||||||||||||
Bonds
|
137,090
|
168,673
|
385,919
|
971,543
|
1,663,225
|
|||||||||||||||
Trade accounts payables (except
|
||||||||||||||||||||
non-financial liabilities)
|
1,001,470
|
40,502
|
-
|
-
|
1,041,972
|
|||||||||||||||
Accounts payables to related parties
|
43,818
|
35,461
|
-
|
836
|
80,115
|
|||||||||||||||
Other accounts payables (except
|
||||||||||||||||||||
non-financial liabilities)
|
356,101
|
62,943
|
230,352
|
322,123
|
971,519
|
|||||||||||||||
2,012,798
|
538,300
|
854,754
|
1,338,101
|
4,743,953
|
Less than
|
1-2
|
2-5
|
More than
|
|||||||||||||||||
As of September 30, 2021
|
1 year
|
years
|
years
|
5 years
|
Total
|
|||||||||||||||
Other financial liabilities (except
|
||||||||||||||||||||
for finance leases and lease
|
||||||||||||||||||||
liability for right-of-use asset)
|
283,202
|
59,790
|
163,119
|
147,391
|
653,502
|
|||||||||||||||
Finance leases
|
14,188
|
14,197
|
24,133
|
5,682
|
58,200
|
|||||||||||||||
Lease liability for right-of-use asset
|
22,795
|
17,445
|
28,308
|
10,877
|
79,425
|
|||||||||||||||
Bonds
|
1,254,506
|
173,457
|
450,584
|
826,629
|
2,705,176
|
|||||||||||||||
Trade accounts payables (except
|
||||||||||||||||||||
non-financial liabilities)
|
1,009,563
|
6,879
|
22,548
|
9,732
|
1,048,722
|
|||||||||||||||
Accounts payables to related parties
|
42,963
|
51,006
|
-
|
-
|
93,969
|
|||||||||||||||
Other accounts payables (except
|
||||||||||||||||||||
non-financial liabilities)
|
377,676
|
62,377
|
236,625
|
336,509
|
1,013,187
|
|||||||||||||||
3,004,893
|
385,151
|
925,317
|
1,336,820
|
5,652,181
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Total financial liabilities and bonds (Note 15 and Note 16)
|
1,831,079
|
1,979,663
|
||||||
Less: Cash and cash equivalents (Note 8)
|
(900,168
|
)
|
(1,019,547
|
)
|
||||
Net debt
|
930,911
|
960,116
|
||||||
Total equity
|
1,595,296
|
1,456,881
|
||||||
Total capital
|
2,526,207
|
2,416,997
|
||||||
Gearing ratio
|
0.37
|
0.40
|
-
|
Level 1: Measurement based on quoted prices in active markets for identical assets or liabilities.
|
-
|
Level 2: Measurement based on inputs other than quoted prices included within Level 1 that are observable for the asset or
liability, either directly (that is, as prices) or indirectly (that is, derived from prices).
|
-
|
Level 3: Measurement based on inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs, generally
based on internal estimates and assumptions of the Corporation).
|
Level 3
|
||||
As of December 31, 2020
|
||||
Financial liabilities
|
||||
Other financial entities (Note 15-b)
|
152,523
|
|||
As of September 30, 2021
|
||||
Financial liabilities
|
||||
Other financial entities (Note 15-b)
|
169,534
|
Operating segments financial position
|
||||||||||||||||||||||||||||||||||||
Segment reporting
|
||||||||||||||||||||||||||||||||||||
Infrastructure
|
||||||||||||||||||||||||||||||||||||
As of December 31, 2020
|
Engineering and construction
|
Energy
|
Toll roads
|
Transportation
|
Water treatment
|
Real estate
|
Parent
Company
operations
|
Eliminations
|
Consolidated
|
|||||||||||||||||||||||||||
Assets.-
|
||||||||||||||||||||||||||||||||||||
Cash and cash equivalent
|
382,850
|
60,165
|
117,893
|
207,975
|
7,408
|
73,531
|
50,346
|
-
|
900,168
|
|||||||||||||||||||||||||||
Trade accounts receivables, net
|
425,939
|
37,614
|
25,014
|
111,602
|
565
|
38,043
|
64,390
|
-
|
703,167
|
|||||||||||||||||||||||||||
Work in progress, net
|
186,433
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
186,433
|
|||||||||||||||||||||||||||
Accounts receivable from related parties
|
107,495
|
35
|
31,868
|
2,624
|
30
|
1,342
|
102,103
|
(218,159
|
)
|
27,338
|
||||||||||||||||||||||||||
Other accounts receivable
|
323,084
|
27,900
|
23,631
|
13,220
|
197
|
10,446
|
35,051
|
2
|
433,531
|
|||||||||||||||||||||||||||
Inventories, net
|
58,653
|
36,016
|
8,496
|
31,861
|
-
|
418,341
|
360
|
(1,727
|
)
|
552,000
|
||||||||||||||||||||||||||
Prepaid expenses
|
7,798
|
1,964
|
6,485
|
328
|
116
|
-
|
6,281
|
-
|
22,972
|
|||||||||||||||||||||||||||
Total current assets
|
1,492,252
|
163,694
|
213,387
|
367,610
|
8,316
|
541,703
|
258,531
|
(219,884
|
)
|
2,825,609
|
||||||||||||||||||||||||||
Long-term trade accounts receivable, net
|
53,036
|
-
|
15,740
|
632,214
|
-
|
2,181
|
27,495
|
-
|
730,666
|
|||||||||||||||||||||||||||
Long-term accounts receivable from related parties
|
315,393
|
-
|
14,508
|
-
|
11,103
|
-
|
611,498
|
(332,431
|
)
|
620,071
|
||||||||||||||||||||||||||
Prepaid expenses
|
-
|
981
|
19,009
|
2,048
|
736
|
-
|
-
|
(510
|
)
|
22,264
|
||||||||||||||||||||||||||
Other long-term accounts receivable
|
134,719
|
70,694
|
531
|
-
|
7,346
|
54,237
|
60,696
|
-
|
328,223
|
|||||||||||||||||||||||||||
Investments in associates and joint ventures
|
109,870
|
8,080
|
-
|
-
|
-
|
6,095
|
1,322,865
|
(1,411,394
|
)
|
35,516
|
||||||||||||||||||||||||||
Investment property
|
1,467
|
-
|
-
|
-
|
-
|
24,606
|
44,521
|
(44,521
|
)
|
26,073
|
||||||||||||||||||||||||||
Property, plant and equipment, net
|
169,091
|
166,382
|
9,186
|
794
|
146
|
9,592
|
16,718
|
33,560
|
405,469
|
|||||||||||||||||||||||||||
Intangible assets, net
|
143,575
|
250,327
|
371,437
|
681
|
-
|
872
|
19,017
|
6,081
|
791,990
|
|||||||||||||||||||||||||||
Right-of-use assets, net
|
8,179
|
9,872
|
4,626
|
99
|
-
|
3,936
|
51,401
|
(13,595
|
)
|
64,518
|
||||||||||||||||||||||||||
Deferred income tax asset
|
174,269
|
4,717
|
5,037
|
-
|
779
|
18,704
|
53,536
|
5,123
|
262,165
|
|||||||||||||||||||||||||||
Total non-current assets
|
1,109,599
|
511,053
|
440,074
|
635,836
|
20,110
|
120,223
|
2,207,747
|
(1,757,687
|
)
|
3,286,955
|
||||||||||||||||||||||||||
Total assets
|
2,601,851
|
674,747
|
653,461
|
1,003,446
|
28,426
|
661,926
|
2,466,278
|
(1,977,571
|
)
|
6,112,564
|
||||||||||||||||||||||||||
Liabilities.-
|
||||||||||||||||||||||||||||||||||||
Borrowings
|
230,682
|
32,550
|
2,405
|
42
|
-
|
95,709
|
102,469
|
(10,973
|
)
|
452,884
|
||||||||||||||||||||||||||
Bonds
|
4,546
|
-
|
32,819
|
21,081
|
-
|
-
|
-
|
-
|
58,446
|
|||||||||||||||||||||||||||
Trade accounts payable
|
861,833
|
51,225
|
51,221
|
32,637
|
61
|
42,565
|
57,625
|
-
|
1,097,167
|
|||||||||||||||||||||||||||
Accounts payable to related parties
|
185,104
|
1,083
|
17,738
|
21,531
|
-
|
19,074
|
15,708
|
(216,420
|
)
|
43,818
|
||||||||||||||||||||||||||
Current income tax
|
26,922
|
1,351
|
1,638
|
3,606
|
166
|
-
|
811
|
-
|
34,494
|
|||||||||||||||||||||||||||
Other accounts payable
|
525,195
|
12,905
|
35,997
|
6,719
|
766
|
91,976
|
40,252
|
4,596
|
718,406
|
|||||||||||||||||||||||||||
Provisions
|
8,876
|
18,943
|
1,659
|
-
|
-
|
492
|
62,787
|
-
|
92,757
|
|||||||||||||||||||||||||||
Total current liabilities
|
1,843,158
|
118,057
|
143,477
|
85,616
|
993
|
249,816
|
279,652
|
(222,797
|
)
|
2,497,972
|
||||||||||||||||||||||||||
Borrowings
|
25,273
|
103,154
|
2,291
|
59
|
-
|
11,021
|
328,753
|
(25,115
|
)
|
445,436
|
||||||||||||||||||||||||||
Long-term bonds
|
22,911
|
-
|
248,029
|
603,373
|
-
|
-
|
-
|
-
|
874,313
|
|||||||||||||||||||||||||||
Long-term trade accounts payable
|
-
|
-
|
-
|
-
|
-
|
-
|
40,502
|
-
|
40,502
|
|||||||||||||||||||||||||||
Other long-term accounts payable
|
140,605
|
-
|
11,623
|
231
|
2,762
|
23,357
|
4,654
|
-
|
183,232
|
|||||||||||||||||||||||||||
Long-term accounts payable to related parties
|
104,432
|
-
|
836
|
36,297
|
24,207
|
-
|
186,886
|
(316,361
|
)
|
36,297
|
||||||||||||||||||||||||||
Provisions
|
122,503
|
37,599
|
26,034
|
1,925
|
-
|
-
|
148,548
|
-
|
336,609
|
|||||||||||||||||||||||||||
Deferred income tax liability
|
25,576
|
36,793
|
1,518
|
39,020
|
-
|
-
|
-
|
-
|
102,907
|
|||||||||||||||||||||||||||
Total non-current liabilities
|
441,300
|
177,546
|
290,331
|
680,905
|
26,969
|
34,378
|
709,343
|
(341,476
|
)
|
2,019,296
|
||||||||||||||||||||||||||
Total liabilities
|
2,284,458
|
295,603
|
433,808
|
766,521
|
27,962
|
284,194
|
988,995
|
(564,273
|
)
|
4,517,268
|
||||||||||||||||||||||||||
Equity attributable to controlling interest in the Company
|
261,501
|
354,982
|
161,710
|
177,694
|
464
|
138,933
|
1,474,398
|
(1,302,076
|
)
|
1,267,606
|
||||||||||||||||||||||||||
Non-controlling interest
|
55,892
|
24,162
|
57,943
|
59,231
|
-
|
238,799
|
2,885
|
(111,222
|
)
|
327,690
|
||||||||||||||||||||||||||
Total liabilities and equity
|
2,601,851
|
674,747
|
653,461
|
1,003,446
|
28,426
|
661,926
|
2,466,278
|
(1,977,571
|
)
|
6,112,564
|
Operating segments financial position
|
||||||||||||||||||||||||||||||||||||
Segment reporting
|
||||||||||||||||||||||||||||||||||||
Infrastructure
|
||||||||||||||||||||||||||||||||||||
Engineering | Parent | |||||||||||||||||||||||||||||||||||
As of September 30, 2021
|
and construction
|
Energy
|
Toll roads
|
Transportation
|
Water treatment
|
Real estate
|
Company operations
|
Eliminations
|
Consolidated
|
|||||||||||||||||||||||||||
Assets.-
|
||||||||||||||||||||||||||||||||||||
Cash and cash equivalent
|
335,319
|
111,936
|
109,887
|
174,421
|
6,694
|
92,950
|
188,340
|
-
|
1,019,547
|
|||||||||||||||||||||||||||
Trade accounts receivables, net
|
439,763
|
68,507
|
44,677
|
105,052
|
1,618
|
8,251
|
53,316
|
-
|
721,184
|
|||||||||||||||||||||||||||
Work in progress, net
|
273,088
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
273,088
|
|||||||||||||||||||||||||||
Accounts receivable from related parties
|
113,414
|
94
|
57,554
|
4,058
|
30
|
2,531
|
162,726
|
(309,572
|
)
|
30,835
|
||||||||||||||||||||||||||
Other accounts receivable
|
286,482
|
29,474
|
30,182
|
20,637
|
819
|
5,858
|
26,465
|
2
|
399,919
|
|||||||||||||||||||||||||||
Inventories, net
|
55,466
|
39,683
|
7,778
|
32,760
|
38
|
407,235
|
2,997
|
(1,734
|
)
|
544,223
|
||||||||||||||||||||||||||
Prepaid expenses
|
10,635
|
2,226
|
5,167
|
551
|
52
|
-
|
8,594
|
-
|
27,225
|
|||||||||||||||||||||||||||
Total current assets
|
1,514,167
|
251,920
|
255,245
|
337,479
|
9,251
|
516,825
|
442,438
|
(311,304
|
)
|
3,016,021
|
||||||||||||||||||||||||||
Investments available for sale
|
-
|
6,198
|
2
|
-
|
-
|
-
|
-
|
(6,200
|
)
|
-
|
||||||||||||||||||||||||||
Total current assets
|
1,514,167
|
258,118
|
255,247
|
337,479
|
9,251
|
516,825
|
442,438
|
(317,504
|
)
|
3,016,021
|
||||||||||||||||||||||||||
Long-term trade accounts receivable, net
|
78,127
|
-
|
16,101
|
658,422
|
-
|
-
|
13,010
|
-
|
765,660
|
|||||||||||||||||||||||||||
Long-term accounts receivable from related parties
|
351,459
|
-
|
14,930
|
-
|
11,427
|
-
|
796,694
|
(502,672
|
)
|
671,838
|
||||||||||||||||||||||||||
Prepaid expenses
|
-
|
981
|
15,773
|
1,932
|
697
|
-
|
-
|
(510
|
)
|
18,873
|
||||||||||||||||||||||||||
Other long-term accounts receivable
|
176,801
|
85,497
|
-
|
-
|
7,346
|
59,356
|
42,789
|
-
|
371,789
|
|||||||||||||||||||||||||||
Investments in associates and joint ventures
|
108,144
|
9,373
|
-
|
-
|
-
|
5,442
|
1,242,366
|
(1,329,637
|
)
|
35,688
|
||||||||||||||||||||||||||
Investment property
|
-
|
-
|
-
|
-
|
-
|
22,952
|
43,049
|
(43,049
|
)
|
22,952
|
||||||||||||||||||||||||||
Property, plant and equipment, net
|
153,291
|
151,838
|
7,787
|
697
|
140
|
7,279
|
11,669
|
32,088
|
364,789
|
|||||||||||||||||||||||||||
Intangible assets, net
|
148,156
|
240,614
|
333,224
|
596
|
-
|
775
|
19,035
|
5,291
|
747,691
|
|||||||||||||||||||||||||||
Right-of-use assets, net
|
4,857
|
4,871
|
4,787
|
71
|
22
|
2,417
|
45,212
|
(9,975
|
)
|
52,262
|
||||||||||||||||||||||||||
Deferred income tax asset
|
189,751
|
4,032
|
13,744
|
-
|
775
|
18,878
|
68,057
|
5,128
|
300,365
|
|||||||||||||||||||||||||||
Total non-current assets
|
1,210,586
|
497,206
|
406,346
|
661,718
|
20,407
|
117,099
|
2,281,881
|
(1,843,336
|
)
|
3,351,907
|
||||||||||||||||||||||||||
Total assets
|
2,724,753
|
755,324
|
661,593
|
999,197
|
29,658
|
633,924
|
2,724,319
|
(2,160,840
|
)
|
6,367,928
|
||||||||||||||||||||||||||
Liabilities.-
|
||||||||||||||||||||||||||||||||||||
Borrowings
|
156,660
|
26,959
|
3,198
|
47
|
18
|
75,357
|
48,853
|
(13,179
|
)
|
297,913
|
||||||||||||||||||||||||||
Bonds
|
4,492
|
-
|
34,429
|
23,400
|
-
|
-
|
368,338
|
(6,198
|
)
|
424,461
|
||||||||||||||||||||||||||
Trade accounts payable
|
817,148
|
56,007
|
37,914
|
27,393
|
335
|
32,194
|
64,032
|
7,220
|
1,042,243
|
|||||||||||||||||||||||||||
Accounts payable to related parties
|
212,679
|
1,060
|
51,637
|
38,697
|
24
|
18,791
|
13,633
|
(293,558
|
)
|
42,963
|
||||||||||||||||||||||||||
Current income tax
|
35,164
|
13,377
|
11,724
|
-
|
242
|
152
|
478
|
-
|
61,137
|
|||||||||||||||||||||||||||
Other accounts payable
|
701,903
|
20,412
|
40,881
|
9,224
|
826
|
117,921
|
61,116
|
5,271
|
957,554
|
|||||||||||||||||||||||||||
Provisions
|
14,952
|
15,572
|
1,670
|
-
|
-
|
595
|
73,016
|
-
|
105,805
|
|||||||||||||||||||||||||||
Total current liabilities
|
1,942,998
|
133,387
|
181,453
|
98,761
|
1,445
|
245,010
|
629,466
|
(300,444
|
)
|
2,932,076
|
||||||||||||||||||||||||||
Borrowings
|
11,430
|
116,551
|
1,757
|
24
|
5
|
6,620
|
293,512
|
(21,859
|
)
|
408,040
|
||||||||||||||||||||||||||
Long-term bonds
|
22,125
|
-
|
224,778
|
602,346
|
-
|
-
|
-
|
-
|
849,249
|
|||||||||||||||||||||||||||
Long-term trade accounts payable
|
-
|
-
|
-
|
-
|
-
|
-
|
35,535
|
-
|
35,535
|
|||||||||||||||||||||||||||
Other long-term accounts payable
|
119,521
|
-
|
9,286
|
219
|
3,136
|
25,399
|
2,688
|
-
|
160,249
|
|||||||||||||||||||||||||||
Long-term accounts payable to related parties
|
238,986
|
-
|
836
|
88,508
|
24,671
|
-
|
206,316
|
(508,311
|
)
|
51,006
|
||||||||||||||||||||||||||
Provisions
|
133,847
|
45,560
|
31,112
|
2,651
|
-
|
-
|
163,767
|
-
|
376,937
|
|||||||||||||||||||||||||||
Deferred income tax liability
|
18,971
|
32,888
|
-
|
46,096
|
-
|
-
|
-
|
-
|
97,955
|
|||||||||||||||||||||||||||
Total non-current liabilities
|
544,880
|
194,999
|
267,769
|
739,844
|
27,812
|
32,019
|
701,818
|
(530,170
|
)
|
1,978,971
|
||||||||||||||||||||||||||
Total liabilities
|
2,487,878
|
328,386
|
449,222
|
838,605
|
29,257
|
277,029
|
1,331,284
|
(830,614
|
)
|
4,911,047
|
||||||||||||||||||||||||||
Equity attributable to controlling interest in the Company
|
182,809
|
397,820
|
155,950
|
120,444
|
401
|
137,409
|
1,390,212
|
(1,219,793
|
)
|
1,165,252
|
||||||||||||||||||||||||||
Non-controlling interest
|
54,066
|
29,118
|
56,421
|
40,148
|
-
|
219,486
|
2,823
|
(110,433
|
)
|
291,629
|
||||||||||||||||||||||||||
Total liabilities and equity
|
2,724,753
|
755,324
|
661,593
|
999,197
|
29,658
|
633,924
|
2,724,319
|
(2,160,840
|
)
|
6,367,928
|
Operating segment performance
|
||||||||||||||||||||||||||||||||||||
Segment Reporting
|
||||||||||||||||||||||||||||||||||||
Infrastructure
|
||||||||||||||||||||||||||||||||||||
For the period ended September 30, 2020
|
Engineering
and
construction
|
Energy
|
Toll roads
|
Transportation
|
Water
treatment
|
Real estate
|
Parent
Company
operations
|
Elimination
|
Consolidated
|
|||||||||||||||||||||||||||
Revenue
|
1,435,515
|
272,966
|
305,099
|
253,923
|
2,511
|
66,473
|
176,585
|
(290,035
|
)
|
2,223,037
|
||||||||||||||||||||||||||
Gross profit (loss)
|
82,102
|
41,264
|
30,314
|
80,122
|
640
|
13,958
|
1,251
|
(37,108
|
)
|
212,543
|
||||||||||||||||||||||||||
Administrative expenses
|
(78,484
|
)
|
(11,758
|
)
|
(12,502
|
)
|
(9,932
|
)
|
(299
|
)
|
(14,150
|
)
|
(33,629
|
)
|
39,310
|
(121,444
|
)
|
|||||||||||||||||||
Other income and expenses, net
|
3,756
|
(5,632
|
)
|
(13,532
|
)
|
66
|
13
|
730
|
(20,882
|
)
|
(619
|
)
|
(36,100
|
)
|
||||||||||||||||||||||
Operating profit (loss)
|
7,374
|
23,874
|
4,280
|
70,256
|
354
|
538
|
(53,260
|
)
|
1,583
|
54,999
|
||||||||||||||||||||||||||
Financial expenses
|
(43,863
|
)
|
(14,724
|
)
|
(24,865
|
)
|
(4,721
|
)
|
(27
|
)
|
(8,665
|
)
|
(14,031
|
)
|
8,691
|
(102,205
|
)
|
|||||||||||||||||||
Financial income
|
4,843
|
1,167
|
4,874
|
2,337
|
329
|
4,321
|
5,893
|
(9,803
|
)
|
13,961
|
||||||||||||||||||||||||||
Dividends
|
-
|
-
|
-
|
-
|
-
|
-
|
2,342
|
(2,342
|
)
|
-
|
||||||||||||||||||||||||||
Share of profit or loss in associates
|
||||||||||||||||||||||||||||||||||||
and joint ventures
|
(258
|
)
|
1,686
|
-
|
-
|
-
|
32
|
(2,749
|
)
|
3,234
|
1,945
|
|||||||||||||||||||||||||
(Loss) profit before income tax
|
(31,904
|
)
|
12,003
|
(15,711
|
)
|
67,872
|
656
|
(3,774
|
)
|
(61,805
|
)
|
1,363
|
(31,300
|
)
|
||||||||||||||||||||||
Income tax
|
(3,003
|
)
|
(3,059
|
)
|
140
|
(20,651
|
)
|
(357
|
)
|
878
|
12,732
|
(1,476
|
)
|
(14,796
|
)
|
|||||||||||||||||||||
(Loss) profit for the year
|
(34,907
|
)
|
8,944
|
(15,571
|
)
|
47,221
|
299
|
(2,896
|
)
|
(49,073
|
)
|
(113
|
)
|
(46,096
|
)
|
|||||||||||||||||||||
(Loss) profit from attributable to:
|
||||||||||||||||||||||||||||||||||||
Owners of the Company
|
(31,439
|
)
|
6,504
|
(13,785
|
)
|
35,416
|
299
|
(1,822
|
)
|
(49,035
|
)
|
(1,281
|
)
|
(55,143
|
)
|
|||||||||||||||||||||
Non-controlling interest
|
(3,468
|
)
|
2,440
|
(1,786
|
)
|
11,805
|
-
|
(1,074
|
)
|
(38
|
)
|
1,168
|
9,047
|
|||||||||||||||||||||||
(34,907
|
)
|
8,944
|
(15,571
|
)
|
47,221
|
299
|
(2,896
|
)
|
(49,073
|
)
|
(113
|
)
|
(46,096
|
)
|
Operating segment performance
|
||||||||||||||||||||||||||||||||||||
Segment Reporting
|
||||||||||||||||||||||||||||||||||||
Infrastructure
|
||||||||||||||||||||||||||||||||||||
For the Period ended September 30, 2021
|
Engineering
and
construction
|
Energy
|
Toll roads
|
Transportation
|
Water
treatment
|
Real estate
|
Parent
Company
operations
|
Elimination
|
Consolidated
|
|||||||||||||||||||||||||||
Revenue
|
1,783,054
|
376,616
|
374,467
|
260,366
|
2,694
|
144,734
|
174,332
|
(251,477
|
)
|
2,864,786
|
||||||||||||||||||||||||||
Gross profit (loss)
|
80,019
|
82,927
|
56,063
|
68,753
|
724
|
21,085
|
11,303
|
(36,777
|
)
|
284,097
|
||||||||||||||||||||||||||
Administrative expenses
|
(92,214
|
)
|
(10,500
|
)
|
(12,267
|
)
|
(11,493
|
)
|
(335
|
)
|
(10,941
|
)
|
(42,959
|
)
|
38,748
|
(141,961
|
)
|
|||||||||||||||||||
Other income and expenses, net
|
(3,224
|
)
|
(2,434
|
)
|
(1,808
|
)
|
1,215
|
(15
|
)
|
992
|
(1,046
|
)
|
(290
|
)
|
(6,610
|
)
|
||||||||||||||||||||
Operating (loss) profit
|
(15,419
|
)
|
69,993
|
41,988
|
58,475
|
374
|
11,136
|
(32,702
|
)
|
1,681
|
135,526
|
|||||||||||||||||||||||||
Financial expenses
|
(79,538
|
)
|
(9,144
|
)
|
(21,100
|
)
|
(6,806
|
)
|
(91
|
)
|
(8,804
|
)
|
(83,774
|
)
|
24,342
|
(184,915
|
)
|
|||||||||||||||||||
Financial income
|
1,441
|
3,147
|
2,979
|
382
|
384
|
2,454
|
17,894
|
(24,512
|
)
|
4,169
|
||||||||||||||||||||||||||
Dividends
|
-
|
-
|
-
|
-
|
-
|
-
|
12,200
|
(12,200
|
)
|
-
|
||||||||||||||||||||||||||
Share of profit or loss in associates
|
||||||||||||||||||||||||||||||||||||
and joint ventures
|
(1,712
|
)
|
2,046
|
-
|
-
|
-
|
830
|
2,331
|
(1,073
|
)
|
2,422
|
|||||||||||||||||||||||||
(Loss) profit before income tax
|
(95,228
|
)
|
66,042
|
23,867
|
52,051
|
667
|
5,616
|
(84,051
|
)
|
(11,762
|
)
|
(42,798
|
)
|
|||||||||||||||||||||||
Income tax
|
7,596
|
(18,248
|
)
|
(6,279
|
)
|
(16,384
|
)
|
(266
|
)
|
(1,850
|
)
|
(1,679
|
)
|
(32
|
)
|
(37,142
|
)
|
|||||||||||||||||||
(Loss) profit for the year
|
(87,632
|
)
|
47,794
|
17,588
|
35,667
|
401
|
3,766
|
(85,730
|
)
|
(11,794
|
)
|
(79,940
|
)
|
|||||||||||||||||||||||
(Loss) profit from attributable to:
|
||||||||||||||||||||||||||||||||||||
Owners of the Company
|
(84,528
|
)
|
42,838
|
10,989
|
26,750
|
401
|
(1,525
|
)
|
(85,668
|
)
|
(12,743
|
)
|
(103,486
|
)
|
||||||||||||||||||||||
Non-controlling interest
|
(3,104
|
)
|
4,956
|
6,599
|
8,917
|
-
|
5,291
|
(62
|
)
|
949
|
23,546
|
|||||||||||||||||||||||||
(87,632
|
)
|
47,794
|
17,588
|
35,667
|
401
|
3,766
|
(85,730
|
)
|
(11,794
|
)
|
(79,940
|
)
|
At December 31,
|
At September 30,
|
|||||||
2020
|
2021
|
|||||||
Cash on hand
|
996
|
892
|
||||||
Remittances in-transit
|
2,340
|
2,094
|
||||||
Bank accounts (a)
|
274,582
|
461,671
|
||||||
Current accounts
|
161,227
|
178,759
|
||||||
Banco de la Nacion
|
20,862
|
20,010
|
||||||
Savings deposits and mutual funds
|
9,038
|
3,489
|
||||||
Time deposits (less than 3 months)
|
83,455
|
259,413
|
||||||
Escrow account (b)
|
622,250
|
554,890
|
||||||
Operational funds
|
298,435
|
241,706
|
||||||
Reserve funds
|
144,737
|
172,819
|
||||||
Consortium funds
|
122,088
|
71,177
|
||||||
Guarantee funds
|
56,990
|
69,189
|
||||||
900,168
|
1,019,547
|
(a)
|
The Corporation maintains current accounts with local and foreign banks that include time deposits have maturities less than 90 days and may be renewed upon maturity. These deposits earn interest that
fluctuates between 0.18% and 0.90%. Additionally, it includes current accounts in the Banco de la Nacion for the exclusive use of paying tax obligations.
|
|
|
(b)
|
The Corporation maintains trust accounts in local and foreign banks for the exclusive use of operations in projects and join operations. It also includes reserve funds for the payments of bonds issued
by the subsidiaries Tren Urbano de Lima S.A. and Norvial S.A. amounting to S/115 million and S/23 million, respectively, as of September 30, 2021 (S/132 million and S/21 million, respectively, as of December 31, 2020).
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Cash and cash equivalent on consolidated statement of financial position
|
900,168
|
1,019,547
|
||||||
Bank overdrafts (Note 15)
|
-
|
)
|
(25
|
)
|
||||
Balances per consolidated statement of cash flows
|
900,168
|
1,019,522
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Receivables (net) (a)
|
753,693
|
813,195
|
254,587
|
309,580
|
499,106
|
503,615
|
||||||||||||||||||
Unbilled receivables (net) - Subsidiaries (b)
|
413,364
|
385,422
|
337,244
|
297,702
|
76,120
|
87,720
|
||||||||||||||||||
Unbilled receivables (net) - Concessions (c)
|
266,776
|
288,227
|
111,336
|
113,902
|
155,440
|
174,325
|
||||||||||||||||||
1,433,833
|
1,486,844
|
703,167
|
721,184
|
730,666
|
765,660
|
a)
|
Receivables are presented net of impairment and present value discount. The value of the impairment amounts to S/43.6 million (S/47.2 million as of December 31, 2020). The ageing is detailed as follows:
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Current
|
718,220
|
740,687
|
||||||
Past due up to 30 days
|
5,737
|
35,747
|
||||||
Past due from 31 days up to 90 days
|
6,801
|
13,223
|
||||||
Past due from 91 days up to 120 days
|
2,279
|
8,129
|
||||||
Past due from 121 days up to 360 days
|
4,185
|
1,336
|
||||||
Past due over 360 days
|
16,471
|
14,073
|
||||||
753,693
|
813,195
|
b)
|
Unbilled receivables from subsidiaries correspond to the estimates for services rendered that were not billed, valuations in process or pending approval. The balance includes impairment for S/5.6
million and present value discount for S/7.7 million (impairment for S/5.9 million and present value discount for S/12.5 million, as of December 31, 2020), and detailed by subsidiary:
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Cumbra Peru S.A.
|
315,878
|
277,951
|
||||||
UNNA Transporte S.A.C.
|
6,298
|
10,808
|
||||||
Cumbra Ingenieria S.A.
|
25,823
|
46,195
|
||||||
UNNA Energia S.A.
|
1,512
|
2,524
|
||||||
Adexus S.A.
|
63,853
|
47,936
|
||||||
Qualys S.A.
|
-
|
8
|
||||||
413,364
|
385,422
|
c)
|
Unbilled receivables from concessions correspond to future invoice according to Concession Contract terms, as detailed below:
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Tren Urbano de Lima S.A.
|
235,763
|
249,937
|
||||||
Survial S.A.
|
10,611
|
12,490
|
||||||
Norvial S.A.
|
15,436
|
18,643
|
||||||
Concesión Canchaque S.A.C.
|
4,401
|
6,536
|
||||||
Concesionaria La Chira S.A.
|
565
|
621
|
||||||
266,776
|
288,227
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Cumbra Peru S.A.
|
170,965
|
264,244
|
||||||
Cumbra Ingenieria S.A.
|
15,468
|
8,844
|
||||||
186,433
|
273,088
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Vial y Vives - DSD S.A. - Quebrada Blanca Project
|
73,337
|
61,089
|
||||||
Vial y Vives - DSD S.A. - Modernization and expansion of Arauco Plant
|
24,224
|
104,681
|
||||||
Cumbra Peru S.A. - Concentrator Plant and tunnel of Quellaveco
|
68,701
|
91,422
|
||||||
Cumbra Peru S.A. - Talara Refinery
|
15,468
|
12,123
|
||||||
Others
|
4,703
|
3,773
|
||||||
186,433
|
273,088
|
2020
|
2021
|
|||||||
Revenue from sales of goods and services:
|
||||||||
- Joint operations
|
4,300
|
13,035
|
As of December 31,
|
As of September 30,
|
|||||||||||||||
2020
|
2021
|
|||||||||||||||
Receivable
|
Payable
|
Receivable
|
Payable
|
|||||||||||||
Current portion:
|
||||||||||||||||
Joint operations
|
||||||||||||||||
Consorcio Rio Urubamba
|
9,357
|
-
|
10,007
|
-
|
||||||||||||
Consorcio Rio Mantaro
|
-
|
7,655
|
-
|
8,618
|
||||||||||||
Consorcio Constructor Chavimochic
|
-
|
6,208
|
-
|
9,440
|
||||||||||||
Consorcio Peruano de Conservacion
|
3,156
|
-
|
615
|
2,377
|
||||||||||||
Consorcio Vial Quinua
|
-
|
2,051
|
-
|
2,013
|
||||||||||||
Consorcio Chicama Ascope
|
2,922
|
-
|
4,295
|
-
|
||||||||||||
Consorcio Inti Punku
|
-
|
6,556
|
6,477
|
-
|
||||||||||||
Consorcio GyM Conciviles
|
1,341
|
1,472
|
1,530
|
50
|
||||||||||||
Consorcio Manperan
|
1,057
|
656
|
574
|
869
|
||||||||||||
Consorcio Italo Peruano
|
1,520
|
217
|
1,381
|
135
|
||||||||||||
Consorcio Norte Pachacutec
|
1,077
|
1,192
|
117
|
285
|
||||||||||||
Consorcio Ermitaño
|
890
|
474
|
978
|
531
|
||||||||||||
Terminales del Peru
|
501
|
161
|
96
|
161
|
||||||||||||
Consorcio CDEM
|
1,111
|
-
|
34
|
-
|
||||||||||||
Consorcio GyM-Stracon
|
-
|
644
|
-
|
98
|
||||||||||||
Consorcio TNT Vial y Vives - DSD Chile Ltda
|
-
|
1,015
|
-
|
599
|
||||||||||||
Otros menores
|
2,446
|
1,701
|
1,874
|
2,388
|
||||||||||||
25,378
|
30,002
|
27,978
|
27,564
|
|||||||||||||
Other related parties
|
||||||||||||||||
Ferrovias S.A.
|
-
|
11,139
|
-
|
13,241
|
||||||||||||
Peru Piping Spools S.A.C.
|
1,960
|
2,677
|
2,857
|
2,158
|
||||||||||||
1,960
|
13,816
|
2,857
|
15,399
|
|||||||||||||
Current portion
|
27,338
|
43,818
|
30,835
|
42,963
|
||||||||||||
Non-current portion
|
||||||||||||||||
Gasoducto Sur Peruano S.A.
|
620,071
|
-
|
671,838
|
-
|
||||||||||||
Ferrovias S.A.
|
-
|
12,862
|
-
|
13,507
|
||||||||||||
Ferrovias Participaciones S.A.
|
-
|
23,435
|
-
|
37,499
|
||||||||||||
Non-current
|
620,071
|
36,297
|
671,838
|
51,006
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Advances to suppliers
|
76,200
|
39,278
|
76,200
|
39,278
|
-
|
-
|
||||||||||||||||||
Income tax on-account payments
|
48,054
|
50,375
|
48,052
|
50,373
|
2
|
2
|
||||||||||||||||||
VAT credit
|
54,076
|
56,031
|
43,498
|
46,297
|
10,578
|
9,734
|
||||||||||||||||||
Guarantee deposits
|
217,441
|
221,024
|
156,123
|
136,141
|
61,318
|
84,883
|
||||||||||||||||||
Claims to third parties
|
212,565
|
238,430
|
108,748
|
112,751
|
103,817
|
125,679
|
||||||||||||||||||
Petroleos del Peru S.A.- Petroperu S.A.
|
87,826
|
106,382
|
17,132
|
20,885
|
70,694
|
85,497
|
||||||||||||||||||
ITAN and other tax receivable
|
63,003
|
40,439
|
30,468
|
6,789
|
32,535
|
33,650
|
||||||||||||||||||
Restricted funds
|
29,121
|
40,038
|
2,092
|
32,692
|
27,029
|
7,346
|
||||||||||||||||||
Rental and sale of equipment - Cumbra Peru S.A. projects
|
29,149
|
34,348
|
29,149
|
34,348
|
-
|
-
|
||||||||||||||||||
Accounts receivable from personneel
|
10,957
|
13,468
|
10,957
|
13,376
|
-
|
92
|
||||||||||||||||||
Consorcio Panorama
|
25,026
|
28,267
|
-
|
-
|
25,026
|
28,267
|
||||||||||||||||||
Other minors
|
10,386
|
9,202
|
9,738
|
9,065
|
648
|
137
|
||||||||||||||||||
863,804
|
877,281
|
532,157
|
501,994
|
331,647
|
375,287
|
|||||||||||||||||||
Impairment
|
(102,050
|
)
|
(105,573
|
)
|
(98,626
|
)
|
(102,075
|
)
|
(3,424
|
)
|
(3,498
|
)
|
||||||||||||
761,754
|
771,708
|
433,531
|
399,919
|
328,223
|
371,789
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Associates
|
27,246
|
26,126
|
||||||
Joint ventures
|
8,270
|
9,562
|
||||||
35,516
|
35,688
|
2020
|
2021
|
|||||||
Balance at January 1,
|
37,035
|
35,516
|
||||||
Dividends received
|
(701
|
)
|
(2,236
|
)
|
||||
Equity interest in results
|
1,945
|
2,422
|
||||||
Conversion adjustment
|
17
|
(14
|
)
|
|||||
Balance at September 30,
|
38,296
|
35,688
|
Property,
|
||||||||||||
plant and
|
Intangibles
|
Right-of-use
|
||||||||||
equipment
|
assets
|
assets
|
||||||||||
(a)
|
(b)
|
(a)
|
||||||||||
Net cost at January 1, 2020
|
463,990
|
854,227
|
90,581
|
|||||||||
Additions
|
27,396
|
44,081
|
9,673
|
|||||||||
Reclassifications and disposals
|
(11,554
|
)
|
(23,807
|
)
|
(10,045
|
)
|
||||||
Conversion adjustments
|
(2,190
|
)
|
(3,682
|
)
|
(3
|
)
|
||||||
Deductions for sale of assets
|
(5,493
|
)
|
-
|
-
|
||||||||
Depreciation, amortization
|
(57,547
|
)
|
(75,164
|
)
|
(19,812
|
)
|
||||||
Net cost at September 30, 2020
|
414,602
|
795,655
|
70,394
|
|||||||||
Net cost at January 1, 2021
|
405,469
|
791,990
|
64,518
|
|||||||||
Additions
|
24,881
|
28,558
|
5,707
|
|||||||||
Reclassifications and disposals
|
(2,945
|
)
|
(85
|
)
|
(425
|
)
|
||||||
Conversion adjustments
|
409
|
1,381
|
39
|
|||||||||
Deductions for sale of assets
|
(6,587
|
)
|
-
|
-
|
||||||||
Depreciation, amortization
|
(56,438
|
)
|
(74,153
|
)
|
(17,577
|
)
|
||||||
Net cost at September 30, 2021
|
364,789
|
747,691
|
52,262
|
2020
|
2021
|
|||||||
Cost of services and goods (Note 21)
|
73,265
|
70,621
|
||||||
Administrative expenses (Note 21)
|
5,902
|
5,183
|
||||||
Total depreciation
|
79,167
|
75,804
|
||||||
(-) Depreciation related to investment property
|
(1,808
|
)
|
(1,789
|
)
|
||||
(-) Depreciation related to right-of-use assets (Note 14)
|
(19,812
|
)
|
(17,577
|
)
|
||||
Total depreciation of property, plant and equipment
|
57,547
|
56,438
|
2020
|
2021
|
|||||||
Cost of sales and services (Note 21)
|
72,009
|
70,817
|
||||||
Administrative expenses (Note 21)
|
3,155
|
3,336
|
||||||
75,164
|
74,153
|
At
|
At
|
|||||||
December 31,
|
September 30,
|
|||||||
2020
|
2021
|
|||||||
Engineering and construction
|
38,211
|
39,036
|
||||||
Electromechanical
|
20,735
|
20,735
|
||||||
58,946
|
59,771
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Bank overdrafts (Note 8)
|
-
|
25
|
-
|
25
|
-
|
-
|
||||||||||||||||||
Bank loans (a)
|
571,659
|
377,671
|
409,272
|
253,048
|
162,387
|
124,623
|
||||||||||||||||||
Finance leases
|
52,391
|
49,801
|
13,635
|
11,301
|
38,756
|
38,500
|
||||||||||||||||||
Lease liability for right-of-use asset
|
72,726
|
67,462
|
19,950
|
18,841
|
52,776
|
48,621
|
||||||||||||||||||
Other financial entities (b)
|
201,544
|
210,994
|
10,027
|
14,698
|
191,517
|
196,296
|
||||||||||||||||||
898,320
|
705,953
|
452,884
|
297,913
|
445,436
|
408,040
|
Current
|
Non-current
|
|||||||||||||||||||||||
At
|
At
|
At
|
At
|
|||||||||||||||||||||
Interest
|
Date of
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
rate
|
maturity
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Cumbra Peru S.A. (i)
|
0.90% / 8.5
|
%
|
2025
|
222,924
|
148,753
|
19,977
|
8,811
|
|||||||||||||||||
UNNA Energia S.A. (ii)
|
6.04% / 7.68
|
%
|
2027
|
24,950
|
22,463
|
99,474
|
114,645
|
|||||||||||||||||
Viva Negocio Inmobiliario S.A.
|
6.85% / 11.00
|
%
|
2023
|
90,197
|
70,491
|
3,318
|
1,167
|
|||||||||||||||||
Adexus S.A.
|
10.03
|
%
|
2021
|
19,224
|
11,341
|
-
|
-
|
|||||||||||||||||
AENZA S.A.A. (iii)
|
9.10% / 10.10
|
%
|
2021
|
51,977
|
-
|
39,618
|
-
|
|||||||||||||||||
409,272
|
253,048
|
162,387
|
124,623
|
Carrying amount
|
Fair value
|
|||||||||||||||
At
|
At
|
At
|
At
|
|||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||
2020
|
2021
|
2020
|
2021
|
|||||||||||||
Bank overdrafts
|
-
|
25
|
-
|
25
|
||||||||||||
Bank loans
|
571,659
|
377,671
|
589,737
|
401,659
|
||||||||||||
Finance leases
|
52,391
|
49,801
|
54,343
|
50,077
|
||||||||||||
Lease liability for right-of-use asset
|
72,726
|
67,462
|
88,779
|
73,957
|
||||||||||||
Other financial entities
|
201,544
|
216,988
|
247,857
|
234,946
|
||||||||||||
898,320
|
711,947
|
980,716
|
760,664
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Tren Urbano de Lima S.A. (a)
|
624,454
|
625,746
|
21,081
|
23,400
|
603,373
|
602,346
|
||||||||||||||||||
Norvial S.A. (b)
|
280,848
|
259,207
|
32,819
|
34,429
|
248,029
|
224,778
|
||||||||||||||||||
AENZA S.A.A. (c)
|
-
|
362,140
|
-
|
362,140
|
-
|
-
|
||||||||||||||||||
Cumbra Perú S.A. (d)
|
27,457
|
26,617
|
4,546
|
4,492
|
22,911
|
22,125
|
||||||||||||||||||
932,759
|
1,273,710
|
58,446
|
424,461
|
874,313
|
849,249
|
2020
|
2021
|
|||||||
Balance at January, 1
|
618,497
|
624,454
|
||||||
Amortization
|
(8,669
|
)
|
(12,179
|
)
|
||||
Accrued interest
|
35,695
|
36,150
|
||||||
Interest paid
|
(22,563
|
)
|
(22,679
|
)
|
||||
Balance at September, 30
|
622,960
|
625,746
|
2020
|
2021
|
|||||||
Balance at January, 1
|
305,545
|
280,848
|
||||||
Amortization
|
(17,880
|
)
|
(21,537
|
)
|
||||
Accrued interest
|
18,616
|
16,919
|
||||||
Interest paid
|
(18,529
|
)
|
(17,023
|
)
|
||||
Balance at September, 30
|
287,752
|
259,207
|
2020
|
2021
|
|||||||
Balance at January, 1
|
-
|
27,457
|
||||||
Additions
|
25,871
|
-
|
||||||
Amortization
|
(1,473
|
)
|
(3,687
|
)
|
||||
Exchange difference
|
2,186
|
3,451
|
||||||
Accrued interest
|
1,576
|
1,664
|
||||||
Interest paid
|
(1,002
|
)
|
(2,268
|
)
|
||||
Balance at September, 30
|
27,158
|
26,617
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Invoices payable
|
470,118
|
589,323
|
470,118
|
589,323
|
-
|
-
|
||||||||||||||||||
Provision of contract costs (a)
|
618,797
|
436,897
|
618,797
|
436,897
|
-
|
-
|
||||||||||||||||||
Notes payable
|
48,754
|
51,558
|
8,252
|
16,023
|
40,502
|
35,535
|
||||||||||||||||||
1,137,669
|
1,077,778
|
1,097,167
|
1,042,243
|
40,502
|
35,535
|
(i)
|
Goods and services received and not invoiced for S/308.5 million on engineering and construction segment, S/53.4 million on infrastructure segment, S/14.1 million on parent company operations segment
and S/21 million on real estate segment (S/429.2 million, S/62.8 million, S/47 million and S/24.6 million respectively, as of December 31, 2020).
|
ii)
|
Estimate costs to come according to the the completion porcentage of projects on engineerina and construction segment amounting to S/40.1 million (S/95.7 million, as of December 31, 2020).
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Advances received from customers (a)
|
309,590
|
417,909
|
278,490
|
409,768
|
31,100
|
8,141
|
||||||||||||||||||
Consorcio Ductos del Sur - payable (b)
|
88,206
|
67,606
|
28,836
|
16,396
|
59,370
|
51,210
|
||||||||||||||||||
Salaries and other payable
|
77,386
|
130,667
|
77,386
|
130,667
|
-
|
-
|
||||||||||||||||||
Put option liability on Morelco acquisition
|
118,622
|
135,382
|
79,096
|
90,271
|
39,526
|
45,111
|
||||||||||||||||||
Third-party loans
|
11,608
|
11,084
|
9,533
|
9,007
|
2,075
|
2,077
|
||||||||||||||||||
Other taxes payable
|
115,862
|
155,456
|
102,240
|
143,029
|
13,622
|
12,427
|
||||||||||||||||||
Acquisition of additional non-controlling interest
|
27,596
|
33,786
|
27,596
|
33,786
|
-
|
-
|
||||||||||||||||||
Guarantee deposits
|
23,744
|
26,144
|
23,744
|
26,144
|
-
|
-
|
||||||||||||||||||
Consorcio Rio Mantaro - payables
|
58,129
|
69,414
|
58,129
|
69,414
|
-
|
-
|
||||||||||||||||||
Provision of interest for debt with suppliers
|
16,425
|
20,348
|
-
|
212
|
16,425
|
20,136
|
||||||||||||||||||
Share purchase agreement - Inversiones Sur
|
14,496
|
16,544
|
-
|
-
|
-
|
16,544
|
||||||||||||||||||
Other accounts payables
|
39,974
|
33,463
|
33,356
|
28,860
|
21,114
|
4,603
|
||||||||||||||||||
901,638
|
1,117,803
|
718,406
|
957,554
|
183,232
|
160,249
|
(a)
|
Advances received from customers mainly corresponds to construction projects, and are applied to progress billings, in accordance with contract terms.
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Customer advances from Consortiums
|
83,640
|
62,064
|
83,640
|
62,064
|
-
|
-
|
||||||||||||||||||
Customer advances from real estate projects
|
78,286
|
108,201
|
78,286
|
108,201
|
-
|
-
|
||||||||||||||||||
Quellaveco Project
|
86,415
|
29,767
|
71,571
|
29,767
|
14,844
|
-
|
||||||||||||||||||
Special National Transportation Infrastructure Project
|
24,050
|
18,688
|
13,781
|
10,766
|
10,269
|
7,922
|
||||||||||||||||||
Gasoducto Piura Construction
|
31,048
|
17,899
|
25,292
|
17,899
|
5,756
|
-
|
||||||||||||||||||
Pebbles Quebrada Blanca Phase 2 Project
|
-
|
121,200
|
-
|
121,200
|
-
|
-
|
||||||||||||||||||
Evaporadores Modernización y ampliación de la Planta Arauco Project
|
-
|
30,565
|
-
|
30,565
|
-
|
-
|
||||||||||||||||||
Others
|
6,151
|
29,525
|
5,920
|
29,306
|
231
|
219
|
||||||||||||||||||
309,590
|
417,909
|
278,490
|
409,768
|
31,100
|
8,141
|
(b)
|
The balance of other accounts payable from Consorcio Constructor Ductos del Sur corresponds to payment obligations to vendors and main subcontractors for S/67.6 million (S/88.2 million as of December
31, 2020), the subsidiary Cumbra Peru S.A. as a result of the termination of Gasoducto Sur Peruano S.A. operations.
|
Total
|
Current
|
Non-current
|
||||||||||||||||||||||
At
|
At
|
At
|
At
|
At
|
At
|
|||||||||||||||||||
December 31,
|
September 30,
|
December 31,
|
September 30,
|
December 31,
|
September 30,
|
|||||||||||||||||||
2020
|
2021
|
2020
|
2021
|
2020
|
2021
|
|||||||||||||||||||
Legal claims (a)
|
370,787
|
411,274
|
79,966
|
89,336
|
290,821
|
321,938
|
||||||||||||||||||
Tax claims
|
5,630
|
9,695
|
1,954
|
4,660
|
3,676
|
5,035
|
||||||||||||||||||
Provision for well closure (b)
|
52,949
|
61,773
|
10,837
|
11,809
|
42,112
|
49,964
|
||||||||||||||||||
429,366
|
482,742
|
92,757
|
105,805
|
336,609
|
376,937
|
(a)
|
Legal contingencies correspond mainly to:
|
(b)
|
The provision for closure as of September 30, 2021 mainly corresponds to: i) provisions for the closure of wells of UNNA Energia S.A. for S/52.5 million; ii) provision of costs associated with the
closing of the concession contract of Norvial S.A. for S/5.1 million (S/48.4 million and S/4.5 million respectively, as of December 31, 2020).
|
Provision
|
||||||||||||||||
Legal
|
Tax
|
for well
|
||||||||||||||
claims
|
claims
|
closure
|
Total
|
|||||||||||||
At January 1, 2020
|
272,274
|
6,045
|
50,116
|
328,435
|
||||||||||||
Additions
|
27,462
|
1,954
|
5,371
|
34,787
|
||||||||||||
Present value
|
596
|
-
|
2,124
|
2,720
|
||||||||||||
Reversals of provisions
|
(5,562
|
)
|
(1,546
|
)
|
-
|
(7,108
|
)
|
|||||||||
Payments
|
(3,343
|
)
|
(823
|
)
|
(1,181
|
)
|
(5,347
|
)
|
||||||||
Translation adjustments / Exchange difference
|
4,275
|
-
|
-
|
4,275
|
||||||||||||
At September 30, 2020
|
295,702
|
5,630
|
56,430
|
357,762
|
||||||||||||
At January 1, 2021
|
370,787
|
5,630
|
52,949
|
429,366
|
||||||||||||
Additions
|
23,380
|
2,686
|
-
|
26,066
|
||||||||||||
Present value
|
14,346
|
-
|
3,655
|
18,001
|
||||||||||||
Reversals of provisions
|
(9,140
|
)
|
-
|
-
|
(9,140
|
)
|
||||||||||
Reclasification
|
(5,755
|
)
|
1,379
|
3,978
|
(398
|
)
|
||||||||||
Payments
|
(4,601
|
)
|
-
|
(80
|
)
|
(4,681
|
)
|
|||||||||
Translation adjustments / Exchange difference
|
22,257
|
-
|
1,271
|
23,528
|
||||||||||||
At September 30, 2021
|
411,274
|
9,695
|
61,773
|
482,742
|
Cost
|
||||||||||||
of goods
|
Administrative
|
|||||||||||
and services
|
expenses
|
Total
|
||||||||||
2020
|
||||||||||||
Salaries, wages and fringe benefits
|
693,980
|
69,439
|
763,419
|
|||||||||
Services provided by third-parties
|
592,023
|
33,678
|
625,701
|
|||||||||
Purchase of goods
|
393,696
|
72
|
393,768
|
|||||||||
Other management charges
|
167,295
|
8,782
|
176,077
|
|||||||||
Depreciation (Note 14)
|
73,265
|
5,902
|
79,167
|
|||||||||
Amortization (Note 14)
|
72,009
|
3,155
|
75,164
|
|||||||||
Impairment of accounts receivable
|
15,441
|
321
|
15,762
|
|||||||||
Taxes
|
4,503
|
95
|
4,598
|
|||||||||
Recovery of property, plant and equipment
|
(258
|
)
|
-
|
(258
|
)
|
|||||||
Inventory recovery
|
(1,460
|
)
|
-
|
(1,460
|
)
|
|||||||
2,010,494
|
121,444
|
2,131,938
|
||||||||||
2021
|
||||||||||||
Salaries, wages and fringe benefits
|
994,167
|
82,689
|
1,076,856
|
|||||||||
Services provided by third-parties
|
801,789
|
37,849
|
839,638
|
|||||||||
Purchase of goods
|
508,471
|
83
|
508,554
|
|||||||||
Other management charges
|
131,840
|
12,677
|
144,517
|
|||||||||
Depreciation (Note 14)
|
70,621
|
5,183
|
75,804
|
|||||||||
Amortization (Note 14)
|
70,817
|
3,336
|
74,153
|
|||||||||
Impairment of accounts receivable
|
1,321
|
2
|
1,323
|
|||||||||
Taxes
|
3,600
|
142
|
3,742
|
|||||||||
Recovery of property, plant and equipment
|
(1,939
|
)
|
-
|
(1,939
|
)
|
|||||||
Impairment of inventory
|
2
|
-
|
2
|
|||||||||
2,580,689
|
141,961
|
2,722,650
|
2020
|
2021
|
|||||||
Other income:
|
||||||||
Sale of assets
|
5,563
|
6,473
|
||||||
Recovery of provisions and impairments
|
4,322
|
5,461
|
||||||
Insurance compensation
|
44
|
2,293
|
||||||
Penalty income
|
-
|
1,005
|
||||||
Supplier debt forgiveness
|
205
|
-
|
||||||
Others
|
3,942
|
1,792
|
||||||
14,076
|
17,024
|
2020
|
2021
|
|||||||
Other expenditures:
|
||||||||
Asset impairment
|
26,719
|
3
|
||||||
Civil repair to the Peruvian Government
|
10,797
|
-
|
||||||
Net cost of fixed assets disposal
|
5,186
|
6,572
|
||||||
Disposal of property, plant and equipment
|
282
|
1,724
|
||||||
Provision for well closure
|
3,075
|
3,024
|
||||||
Administrative fine (a)
|
706
|
11,388
|
||||||
Others
|
3,411
|
923
|
||||||
50,176
|
23,634
|
|||||||
(36,100
|
)
|
(6,610
|
)
|
(a)
|
The increase was mainly generated by fines corresponding to income tax assessments in Cumbra Peru for S/8.4 million and in AENZA for S/0.8 million. Additionally, in AENZA fines issued by the
Superintendencia del Mercado de Valores for S/2 million. (In 2020, it corresponds to fines for income tax audits in Cumbra Peru for S/0.7 million).
|
2020
|
2021
|
|||||||
Financial income:
|
||||||||
Interest on loans to third parties
|
309
|
174
|
||||||
Profit for present value of financial asset or financial liability
|
7,797
|
2,267
|
||||||
Exchange difference gain, net
|
1,107
|
-
|
||||||
Interest on short-term bank deposits
|
2,261
|
649
|
||||||
Others
|
2,487
|
1,079
|
||||||
13,961
|
4,169
|
|||||||
Financial expenses:
|
||||||||
Interest expense on:
|
||||||||
- Bank loans (a)
|
39,962
|
50,113
|
||||||
- Bonds
|
20,192
|
23,181
|
||||||
- Loans from third parties
|
9,448
|
8,579
|
||||||
- Right-of-use
|
4,212
|
3,161
|
||||||
- Financial lease
|
2,380
|
2,515
|
||||||
Commissions and collaterals
|
18,302
|
18,627
|
||||||
Interests from Tax Authority
|
3,478
|
12,366
|
||||||
Loss for present value of financial asset or financial liability (b)
|
6,057
|
44,120
|
||||||
Update of fair value of financial asset or financial liability (c)
|
-
|
5,444
|
||||||
Exchange difference loss, net
|
-
|
17,633
|
||||||
Derivative financial instruments
|
64
|
-
|
||||||
Other financial expenses
|
3,239
|
968
|
||||||
Less capitalized interest
|
(5,129
|
)
|
(1,792
|
)
|
||||
102,205
|
184,915
|
(a)
|
The variation in interest corresponds mainly to Inversiones en Autopistas S.A. which increased by S/7.4 million due to the loan with BCI Peru (Nota 15 b)
|
(b)
|
The increase is mainly generated by the effect of the present value of the account receivable from Gasoducto Sur Peruano S.A. for S/31.6 million (Note 11), due to the variation of the discount rate
applied, which increased from 1.65% to 2.66%. Additionally, increase by the effect of the present value of the account payable according to the Acta de Acuerdo Preparatorio de Colaboración y Beneficios – “The Agreement” for S/11.1
million (Note 1 c).
|
(c)
|
The increase corresponds entirely to Inversiones en Autopistas S.A. for the recognition of the fair value of the loan with BCI Peru (Note 15 b).
|
2020
|
2021
|
|||||||
Loss attributable to owners of the Company
|
||||||||
during the period
|
(55,143
|
)
|
(103,486
|
)
|
||||
Weighted average number of shares in issue
|
||||||||
at S/1.00 each, at September 30,
|
871,917,855
|
871,917,855
|
||||||
Basic loss per share (in S/)
|
(*) |
(0.063
|
)
|
(0.119
|
)
|
|
Between September 31, 2021 and the date of approval of the condensed interim consolidated financial statements, there have been no subsequent events that may
affect the reasonableness of the financial statements issued.
|