Other Accounts Receivable

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Other Accounts Receivable

13 OTHER ACCOUNTS RECEIVABLE

At December 31, this account comprises:

	Total						Current						Non-current
	2018			2019			2018			2019			2018		2019
Advances to suppliers (a)		146,536			135,481			81,719			135,481			64,817		—
Income tax on-account payments (b)		91,353			70,647			91,353			70,647			—		—
VAT credit (c)		105,238			45,910			79,076			31,646			26,162		14,264
Guarantee deposits (d)		180,010			181,400			167,769			98,046			12,241		83,354
Claims to third parties (e)		62,163			79,772			62,163			38,875			—		40,897
Petroleos del Peru S.A.- Petroperu S.A. (f)		75,750			80,941			11,953			17,292			63,797		63,649
ITAN and other tax receivable		45,890			60,883			20,246			30,233			25,644		30,650
Restricted funds (g)		67,972			15,974			39,394			973			28,578		15,001
Rental and sale of equipment - GyM S.A. projects		34,768			30,798			34,768			30,798			—		—
Accounts receivable from personneel		3,479			2,836			3,479			2,836			—		—
Consorcio Constructor Ductos del Sur (h)		52,114			27,782			—			—			52,114		27,782
Consorcio Panorama		27,132			23,491			5,306			—			21,826		23,491
Other minors		23,837			16,488			16,059			15,253			7,778		1,235
		916,242			772,403			613,285			472,080			302,957		300,323
Impairment		(24,834	)		(27,580	)		(24,834	)		(27,580	)		—		—
		891,408			744,823			588,451			444,500			302,957		300,323

The fair value of the other short-term accounts receivable is similar to their book value due to their short-term maturity. The non-current portion corresponds mainly to non-financial assets such as advances to suppliers and tax credits. Other non-current accounts receivable have maturities that vary between 2 and 5 years.

The maximum exposure to credit risk at the reporting date is the carrying amount of each class of other accounts receivable mentioned. The Group does not request guarantees.

Below is a description and composition of the main accounts receivable:

(a) Advance to suppliers - corresponds mainly to the following:

	Total				Current				Non-current
	2018		2019		2018		2019		2018		2019
Alsthom Transporte - Linea 1		66,395		2,597		1,578		2,597		64,817		—
Advances - Refineria Talara		9,755		48,303		9,755		48,303		—		—
Advances - joint operations vendors		42,410		49,181		42,410		49,181		—		—
Others		27,976		35,400		27,976		35,400		—		—
		146,536		135,481		81,719		135,481		64,817		—

(b) Income tax on-account payments, consist of income tax payments and credits in the following subsidiaries:

	Current
	2018		2019
GyM S.A.		55,377		45,628
GMI S.A.		3,877		7,203
GMP S.A.		8,511		2,400
Concar S.A.		8,563		3,709
Viva GyM S.A.		8,114		3,485
Graña y Montero S.A.A.		6,463		2,895
Norvial S.A.		—		4,266
Survial S.A.		334		426
Others		114		635
		91,353		70,647

(c) Tax credit related to VAT on the following subsidiaries:

	Total				Current				Non-current
	2018		2019		2018		2019		2018		2019
GyM S.A.		39,183		12,963		38,653		12,963		530		—
GyM Ferrovias S.A.		25,453		11,970		25,453		11,970		—		—
Graña y Montero S.A.A.		9,821		—		9,821		—		—		—
Concar S.A.		2,382		1,653		2,382		1,653		—		—
Survial SA.		—		1,817		—		1,817		—		—
GMI S.A.		589		1,513		589		1,513		—		—
Viva GyM S.A.		7,255		6,874		511		513		6,744		6,361
Negocios del Gas S.A.		8,411		—		—		—		8,411		—
GMP S.A.		456		396		456		396		—		—
Norvial S.A.		1,997		—		—		—		1,997		—
Concesionaria Vesur S.A.		6,074		—		1,015		—		5,059		—
Others		3,617		8,724		196		821		3,421		7,903
		105,238		45,910		79,076		31,646		26,162		14,264

Management considers that VAT credit will be recovered in the regular course of future operations of subsidiaries.

(d) Guarantee deposits

Corresponds to funds held by customers for construction contracts mainly from the subsidiary GyM S.A. These deposits are retained by customers to ensure the subsidiary’s compliance with its obligations under the contracts. The amounts retained will be recovered once the work is completed.

	Total				Current				Non-current
	2018		2019		2018		2019		2018		2019
Talara Refinery		72,992		55,567		72,992		308		—		55,259
Retention Toquepala		15,633		19,630		15,633		19,630		—		—
Retention Minera Teck		2,848		16,075		2,848		16,075		—		—
Retention Quellaveco		2,996		15,926		2,996		15,926		—		—
Joint operations retention		43,268		29,575		43,268		15,654		—		13,921
Retention Morelco		16,282		15,261		16,282		15,261		—		—
Retention Marcobre		—		5,052		—		5,052		—		—
SBLC guarantees - Sale of CAM Chile S.p.A.		20,221		14,726		7,980		3,576		12,241		11,150
Others		5,770		9,588		5,770		6,564		—		3,024
		180,010		181,400		167,769		98,046		12,241		83,354

(e) Third-party claims

As of December 31, 2018, it mainly includes the claim of S/27.2 million (net of provision for doubtful accounts of S/19.4 million) for termination of the Purchase and Sale Contract for Real Estate Development Megaproject of Social Housing Construction “Ciudad Alameda de Ancon” signed between the subsidiary Viva GyM S.A., together with the Ministry of Housing, Construction and Sanitation and “Mi Vivienda” fund. Such contract was terminated, and in accordance with the civil code 1372, it is appropriate for the parties to fully reimburse the executed benefits to date, which results in the reimbursement of the S/22 million from the Ministry of Housing and S/5.2 million from the “Mi Vivienda” fund.

As of December 31, 2019, the net amount equals S/20 million, which corresponds to the present value in a term of 11 years and at a rate of 8%. The amount of the lawsuit filed by the subsidiary Viva GyM S.A. against the Ministry of Housing, Construction and Sanitation equals S/116.3 million; which includes compensation for damages (emergent damage and loss of earnings). According to the opinions of Management and legal advisors, it is expected that the amount of the claim will be collected within a maximum period of 11 years.

(f) Other accounts receivable from Petroperu S.A.

It corresponds to accounts receivable to Petroperu S.A., for the additional investments of the Terminales del Perú S.A. Consortium of the subsidiary GMP S.A.

(g) Restricted funds

As of December 31, 2019, includes restricted funds of S/7.7 million of the Company related to the sale of GMD S.A. and S/0.9 million of the subsidiary Viva GyM S.A. for bank certificates under guarantee and S/7.3 corresponds to the bank accounts for the reserve account of the Concesionaria La Chira S.A. (S/28 million, S/11 million and S/7.3 million as of December 31, 2018, respectively).

(h) Consorcio Constructor Ductos del Sur

In 2019, it corresponds to a penalty for termination of the contract for S/27.8 million. The decrease compared to the previous year is mainly due to the compensation of debts assumed by the subsidiary GyM S.A. related to CCDS suppliers for S/21.5 million (S/30.6 million in 2018).