Investments in Associates and Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Amounts Recognised in Balance Sheet

At December 31 this account comprises:

	2016		2017
Associates		286,403		250,053
Joint ventures		103,356		18,618
		389,759		268,671

Schedule of Amounts Recognised in Income Statement

The amounts recognized in the income statement are as follows:

	2016			2017
Associates		(584,801	)		(5,915	)
Joint ventures		(4,909	)		7,242	)
		(589,710	)		1,327

Summary of Detailed Information about Associates

Set out below are the associates of the Group at December 31, 2016 and 2017. The associates listed below have share capital solely consisting of common shares, which are held directly by the Group. None of the associates are listed companies; therefore, there is no quoted market price available for their shares.

							Carrying amount
	Class		Interest in capital				At December 31,
Entity	of share		2016		2017		2016		2017
			%		%
Gasoducto Sur Peruano S.A.		Common		20.00		21.49		218,276		218,276
Promoción Inmobiliaria del Sur S.A.		Common		22.50		—		31,768		—
Concesionaria Chavimochic S.A.C.		Common		26.50		26.50		32,394		22,091
Betchel Vial y Vives Servicios Complementarios Ltda.		Common		40.00		40.00		69		102
Others								3,896		9,584
								286,403		250,053

Summary of Financial Information for Associates

Summarized financial information for associates -

Entity	Gasoducto Sur Peruano S.A.						Promoción Inmobiliaria del Sur S.A.						Concesionaria Chavimochic S.A.C.
	At December, 31						At December, 31						At December, 31
	2015			2016			2015			2016			2015			2016			2017
Current
Assets		303,219			375,547			124,887			149,300			171,400			120,342			73,004
Liabilities		(3,357,508	)		(6,747,492	)		(32,072	)		(187,380	)		(110,799	)		(3,160	)		(1,111	)
Non-current
Assets		4,943,392			8,522,099			47,669			193,127			8,608			8,282			11,809
Liabilities		(7,442	)		—			(13,090	)		(13,855	)		(2,547	)		(1,918	)		(342	)
Net assets		1,881,661			2,150,154			127,394			141,192			66,662			123,546			83,360
Entity	Gasoducto Sur Peruano S.A.						Promoción Inmobiliaria del Sur S.A.						Concesionaria Chavimochic S.A.C.
	2015 (*)			2016 (*)			2015			2016			2015			2016			2017
Revenues		3,007,799			3,323,410			90,970			65,071			376,124			264,386			—
Profit (loss) from continuing operations		69,191			(1,372,594	)		90,618			42,281			22,995			(2,994	)		(43,340	)
Income tax		(19,828	)		—			(25,373	)		(11,839	)		(6,656	)		921			3,185
Profit (loss) from operations after income tax		49,363			(1,372,594	)		65,245			30,442			16,339			(2,073	)		(40,155	)
Other comprehensive income					—						—						—			—
Total comprehensive income		49,363			(1,372,594	)		65,245			30,442			16,339			(2,073	)		(40,155	)

(*) Gaseoducto Sur Peruano S.A. gross profit 2015 and 2016 amounting to S/257.7 million and S/0.8 million, respectively.

Schedule of Movement of Investments in Associates

The movement of the investments in associates is as follows:

	2015			2016			2017
Opening balance		82,494			490,702			286,403
Contributions received		—			390,506			2,116
Acquisition of Gasoducto Sur Peruano		437,494			—			—
Impairment of GSP		—			(593,105	)		—
Panorama Project		(39,180	)		—			—
Dividends received		(9,838	)		(10,149	)		(259	)
Equity interest in results		22,800			8,304			(5,915	)
Decrease in capital		—			(166	)		(111	)
Sale of Investment		—			—			(32,223	)
Derecognition of investments		(2,755	)		—			—
Conversion adjustment		(313	)		311			42
Final balance		490,702			286,403			250,053

Summary of Detailed Information about Joint Ventures

Set out below are the joint ventures of the Group as of December 31:

							Carrying amount
	Class of share		Interest in capital				At December 31,
Entity			2016		2017		2016		2017
			%		%
Tecgas N.V.		Common		51.00		—		84,100		—
Sistemas SEC		Common		49.00		49.00		9,591		10,112
Logistica Químicos del Sur S.A.C.		Common		50.00		50.00		8,515		7,343
G.S.J.V. SCC		Common		50.00		50.00		861		878
Constructora SK-VyV Ltda.		Common		50.00		50.00		59		49
Others				—		—		230		236
								103,356		18,618

Summary of Financial Information for Joint Ventures

Summarized financial information for joint ventures

	Tecgas N.V.
	At December, 31
Entity	2016
Current
Cash and cash equivalents		67
Other current assets		92,843
Total current assets		92,910
Other current liabilities		(87,780	)
Total current liabilities		(87,780	)
Non-current
Total non-current assets		33,336
Total non-current liabilities		(7,367	)
Net assets		31,099
Revenue		457,554
Depreciation and amortization		(2,266	)
Interest income		215
Interest expense		—
Profit (loss) from continuing operations		(3,209	)
Income tax expense		(4,078	)
Post-tax profit (loss) from continuing operations		(7,287	)
Other comprehensive income		—
Total comprehensive income		7,287

Schedule of Movement of Investments in Joint Ventures

The movement of the investments in joint ventures was as follows:

	2015			2016			2017
Opening balance		147,069			146,303			103,356
Debt capitalization		—			8,308			—
Contributions received		—			6,889			—
Equity interest in results		2,193			(4,909	)		7,242
Acquisitions		44,145			—			—
Sale of Investment		—			—			(88,556	)
Transfer of Adexus from acquisition of control		—			(35,870	)		—
Dividends received		(42,122	)		(17,843	)		(3,758	)
Decrease in capital		(3,364	)		(1,798	)		—
Conversion adjustment		(1,618	)		2,276			334
Final balance		146,303			103,356			18,618