Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Cash and Cash Equivalents

9 CASH AND CASH EQUIVALENTS

At December 31 this account comprises:

	2018		2019
Cash on hand		1,377		1,323
Remittances in-transit		3,566		5,664
Bank accounts		313,253		223,378
Escrow account (a)		334,579		552,439
Time deposits (b)		148,365		166,174
		801,140		948,978

(a) The Group maintains trust accounts in local and foreign banks that includes reserve funds for bond payments issued by the subsidiaries GyM Ferrovias S.A. and Norvial S.A. for the year 2019 S/181 million and S/18 million, respectively (for the year 2018 S/133 million and S/13 million, respectively), as shown in the following detail:

	2018		2019
Reserve funds issued bonds		146,590		199,192
Real estate projects		38,961		31,794
Engineering and construction projects Colombia		39,084		44,457
Engineering and construction projects Peru		47,538		192,069
Infrastructure projects		62,406		84,927
		334,579		552,439

(b) Time deposits have maturities less than 90 days and may be renewed upon maturity. These deposits earn interest that fluctuates between 1.15% and 2.85%.

	Financial entities		Interest rate			2018		2019
GyM Ferrovias S.A.		Banco de Credito del Peru		2.70	%		32,000		32,300
GyM Ferrovias S.A.		Banco Continental		1.15	%		—		69,531
GyM S.A.		Banco de Credito del Peru		2.40	%		1,906		28,213
Survial S.A.		Banco de Credito del Peru		2.85	%		—		15,400
GMI S.A.		Banco de Credito del Peru		2.52	%		—		9,993
Graña y Montero S.A.A.		Banco de Credito del Peru		2.40	%		110,281		5,312
Norvial S.A.		Banco de Credito del Peru		2.85	%		—		4,763
Concesion Canchaque S.A.C.		Banco de Credito del Peru		2.85	%		—		662
Concesionaria la Chira S.A.		Banco de Credito del Peru		2.50	%		4,170		—
GMP S.A.		Banco de Credito del Peru		2.50	%		7		—
Viva GyM S.A.		Banco de Credito del Peru		2.50	%		1		—
							148,365		166,174

The above figures are reconciled with the amount of cash shown in the consolidated statement of cash flows at the end of the year as follows:

	2017			2018			2019
Cash and cash equivalent on consolidated statement of financial position		626,180			801,140			948,978
Bank overdrafts (Note 18)		(120	)		(119	)		—
Balances per consolidated statement of cash flows		626,060			801,021			948,978