Cash and Cash Equivalents (Tables)

12 Months Ended

Dec. 31, 2018

At December 31 this account comprises:


	2017		2018
Cash on hand		16,468		1,377
Cash in-transit		2,798		3,566
Bank accounts (a)		493,666		647,832
Time deposits (b)		113,248		148,365

		626,180		801,140

(a)

The Group maintains deposits in local and foreign banks, are available and earn interest at market rates. This includes reserve funds for bond payments issued by subsidiaries GyM Ferrovias S.A. and Norvial S.A.; for the year 2018 S/133 million and S/13 million, respectively (for the year 2017 S/108 million and S/16 million, respectively).

(b)	Time deposits have maturities less than 90 days and may be renewed upon maturity. These deposits earn interest that fluctuates between 2.5% and 3.5%.

Summary of Time Deposits from Subsidiaries

As of December 31, 2017, and 2018, time deposits are mainly from subsidiaries:


	2017		2018
Graña y Montero S.A.A.		—		110,281
GyM Ferrovias S.A.		36,757		32,000
GyM S.A.		30,497		1,906
Concesionaria la Chira S.A.		—		4,170
GMP S.A.		3,238		7
Viva GyM S.A.		17,879		1
Concar S.A.		13,611		—
Concesion Canchaque		11,000		—
Other minors		266		—

		113,248		148,365

Reconciliation to the cash flow statement

Summary of Reconcile to the Amount of Cash Shown in the Statement of Cash Flow

The above figures reconcile to the amount of cash shown in the statement of cash flows at the end of the financial year as follows:


	2016			2017			2018
Cash and cash equivalent on Consolidated statement of financial position		606,950			626,180			801,140
Bank overdrafts (Note 19)		(8,396	)		(120	)		(119	)

Balances per consolidated statement of cash flows		598,554			626,060			801,021