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Other Accounts Payable
 12 Months Ended
Dec. 31, 2017
Other Accounts Payable
22 OTHER ACCOUNTS PAYABLE

At December 31, this account comprises:

 

     Total      Current      Not Current  
     2016      2017      2016      2017      2016      2017  

Advances received from customers

      810,755        726,294        510,367        316,891        300,388        409,403  

Payables Consorcio Ductos del Sur

      —          250,021        —          —          —          250,021  

Salaries and profit sharing payable

      176,022        246,916        176,022        246,916        —          —    

GSP performance guarantee (Note 16-a-i)

      176,401        —          176,401        —          —          —    

Put option liability on Morelco acquisition (Note 33-b)

      110,604        105,418        —          —          110,604        105,418  

Third-party loans

      69,991        107,314        37,991        75,256        32,000        32,058  

Other taxes payable

      50,548        69,584        50,548        69,584        —          —    

VAT payable

      65,777        48,095        53,678        37,544        12,099        10,551  

Payables Consorcio Rio Mantaro

      —          35,531        —          35,531        —          —    

Acquisition of non-controlling interest (Note 36-a)

      32,102        22,407        32,102        22,407        —          —    

Supplier funding

      40,612        14,886        26,526        —          14,086        14,886  

Guarantee deposits

      16,799        15,580        16,799        15,580        —          —    

Post-retirement benefits

      9,088        8,914        —          —          9,088        8,914  

Other accounts payables

      50,411        50,013        15,873        28,791        34,538        21,222  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
     1,609,110        1,700,973        1,096,307        848,500        512,803        852,473  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Advances received from customers relate mainly to construction projects and are discounted from billing under contract terms.

As of December 31, 2017, other accounts payable from Consorcio Constructor Ductos del Sur corresponds mainly to payment obligations to main subcontractors for S/237 million, as a consequence of the termination of GSP operations.

The fair value of the short-term payables approximates their carrying amount due to their short-term maturities. The non-current portion, mainly comprises non-financial liabilities such as advances received from customers; the remaining balance is not significant for any period shown in the financial statements.