Standards, Amendments and Interpretation Adopted in 2019 (Tables)

12 Months Ended

Dec. 31, 2019

Details aboout IFRS 16 effect in Group financial statement

At the end of 2019, the Group’s companies with the most representative balances were GMP S.A. (S/24 million) and Graña y Montero S.A.A. (S/54 million).


Impact on liabilities	At December 31, 2019
Impact of implementation 2019		97,706
Adjustments on contract fees		4,039

Addition of liabilities for right-of-use		101,745
Accrued interest		5,617
Amortization		(20,326	)
Interest paid		(5,368	)
Foreign currency translation effect		(11	)
Exchange difference		(1,441	)

Impact on liabilities		80,216


Short-term liabilities for right-of-use		18,246
Long-term liabilities for right-of-use		61,970

Impact on liabilities (Note 18)		80,216

Summary of lease liabilities

At December 31, 2019, the effect of IFRS 16 in the Group’s financial statements is detailed as follows:


Impact on assets	At December 31, 2019
Right-of-use
Right-of-use buildings		59,599
Right-of-use vehicles		20,211
Right-of-use machinery		17,896

Impact of implementation 2019		97,706
Adjustments on contract fees		4,039

Total right-of-use assets		101,745

Cumulative depreciation		(22,958	)
Foreign currency translation effect		26

Impact on assets (Note 16.2)		78,813