Inventories (Tables)

12 Months Ended

Dec. 31, 2018

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Schedule of Inventories

At December 31 this account comprises:

	2017			2018
Land		317,337			230,689
Work in progress - real estate		150,537			135,376
Finished properties		203,209			76,027
Construction materials		51,131			27,852
Merchandise and supplies		90,504			53,310
		812,718			523,254
(-) Impairment of inventories		(42,007	)		(9,207	)
		770,711			514,047

Schedule of Inventories of Land

As of December 2018, the impairment provision amounts to S/9.2 million (nil at 2017):

	2017		2018
Lurin (a)		103,574		72,080
San Isidro (b)		58,441		49,664
San Miguel (c)		44,126		28,811
Nuevo Chimbote (d)		17,201		17,262
Barranco (e)		11,413		13,585
Huancayo (f)		13,572		8,282
Ancon (g)		37,823		—
Canta Callao		12,978		—
Piura		—		8,105
Carabayllo II		—		14,941
Others		18,209		8,752
		317,337		221,482

(a) Plot of land of 318 hectares located in the district of Lurin, province of Lima, for industrial development and public housing.

(b) A plot of land in the district of San Isidro in which a 15-story building will be built with 24 apartments and 124 parking spaces.

(c) Land located in San Miguel of 1 hectare for the development of a multi-family housing project of 248 apartments and 185 parking lots.

(d) Land located in Chimbote, 11.5 hectares, for the development of a social housing project

(e) Land located in Paul Harris St. N°332 and N°336 in Barranco district, for the development of a residential building project.

(f) Land located in Huancayo, 8.5 hectares for the development of a land sale project.

(g) In Ancon, a large scale housing-project was terminated and the subsidiary Viva GyM reclassified to accounts receivable from Ministry of Housing.

Schedule of Inventories of Work In Progress

At December 31, real state work in progress comprises the following projects:

	2017		2018
Los Parques de Comas		70,647		69,743
Los Parques del Callao		53,441		46,697
Villa El Salvador 2		2,141		—
Others		24,308		18,936
		150,537		135,376

Schedule of Inventories of Finished Properties

At December 31, the balance of finished properties consists of the following investment properties:

	2017		2018
El Rancho		82,796		19,314
Panorama		18,481		—
Los Parques de San Martín de Porres		16,687		4,029
Los Parques de Callao		486		389
Rivera Navarrete		7,870		4,053
Los Parques de Carabayllo 2da etapa		3,134		942
Los Parques de Comas		16,058		18,785
Los Parques de Villa El Salvador II		9,313		4,277
Klimt		44,103		5,911
Real 2		3,877		556
Huancayo		—		15,546
Others		404		2,225
		203,209		76,027