Transactions with Non-Controlling Interests

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Transactions with Non-Controlling Interests

35 TRANSACTIONS WITH NON-CONTROLLING INTERESTS

a) Acquisition of additional non-controlling interest

In May, November and December 2016, GyM Chile S.p.A. acquired 5.43%, 6.77%, and 1.49%, respectively of additional shares in Vial y Vives - DSD S.A. at a total purchase price of S/21.6 million, S/25.7 million and S/3.8 million, respectively. The carrying values of the non-controlling interest at the acquisition dates were S/13.9 million, S/17.9 million and S/3.9 million. The Group ceased to recognize the corresponding non-controlling interest, recording a decrease in equity attributable to the owners of the Company of S/15.4 million. At December 31, 2019, the outstanding balance was S/22.7 million (S/23 million in 2018) (Note 21).

b) Contributions (returns) from non-controlling shareholders

Corresponds to the contributions and returns made by the partners of the subsidiary Viva GyM S.A. for the realization of real estate projects. As of December 31, the balances include:

	2017			2018			2019
Viva GyM S.A.
Contributions received		8,654			3,399			152
Returns of contributions		(45,053	)		(87,856	)		(33,148	)
		(36,399	)		(84,457	)		(32,996	)
Plus (less):
Contributions from other subsidiaries		3,202			15,120			—
Increase (decrease) in equity of non controlling parties		(33,197	)		(69,337	)		(32,996	)