Deferred Income Tax (Tables)

12 Months Ended

Dec. 31, 2019

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Summary of Deferred Income Tax

Deferred income tax is classified by its estimated reversal term as follows:

	At December 31,
	2018			2019
Deferred income tax asset:
Reversal expected in the following twelve months		48,889			37,927
Reversal expected after twelve months		376,547			202,992
Total deferred tax asset		425,436			240,919
Deferred income tax liability:
Reversal expected in the following twelve months		(9,067	)		(19,791	)
Reversal expected after twelve months		(66,280	)		(92,943	)
Total deferred tax liability		(75,347	)		(112,734	)
Deferred income tax asset, net		350,089			128,185

Summary of Movement of Deferred Income Tax

The gross movement of the deferred income tax item is as follows:

	At December 31,
	2017			2018			2019
Opening balance		353,839			364,225			350,089
Debit (credit) to income statement (Note 29)		42,599			25,118			(206,273	)
Adjustment for changes in rates of income tax		1,951			(1,524	)		(622	)
Sale of a subsidiary		(12,160	)		(40,460	)		—
IFRIC 23 adoption		—			—			(986	)
Debit (credit) to equity		(16,804	)		(95	)		(3	)
Other movements		(5,200	)		2,825			(14,020	)
Final balance		364,225			350,089			128,185

Summary of Movements of Deferred Tax Assets and Liabilities

The movement in deferred tax assets and liabilities in the year, without considering the offsetting of balances, is as follows:

Deferred income tax liabilities	Difference in depreciation rates			Deferred income		Work in process			Tax receivable		Borrowing costs capitalized			Purchase price allocation			Others			Total
At January 1, 2017		61,750			—		8,242			28,867		21,418			27,118			13,164			160,559
(Charge) credit to P&L		104,101			—		(5,712	)		3,322		(1,473	)		(11,780	)		(3,724	)		84,734
Sale of subsidiary		—			—		—			—		—			—			(83	)		(83	)
At December 31, 2017		165,851			—		2,530			32,189		19,945			15,338			9,357			245,210
(Charge) credit to P&L		(74,679	)		13,574		2,926			689		(4,229	)		(11,699	)		7,828			(65,590	)
Sale of subsidiary		(16,189	)		—		—			—		—			(5,201	)		(3,377	)		(24,767	)
At December 31, 2018		74,983			13,574		5,456			32,878		15,716			(1,562	)		13,808			154,853
(Charge) credit to P&L		9,937			10,571		33,403			3,312		(780	)		11,385			18,821			86,649
At December 31, 2019		84,920			24,145		38,859			36,190		14,936			9,823			32,629			241,502

Deferred income tax assets	Provisions			Accelerated tax depreciation			Tax losses			Work in process			Accrual for unpaid vacations			Investments in subsidiaries			Impairment			Tax Goodwill			Others			Total
At January 1, 2017		105,679			16,381			153,083			17,614			12,972			608			172,052			20,525			15,484			514,398
Charge (credit) to P&L		(12,614	)		79,637			(8,555	)		21,873			2,166			118			28,593			(112	)		18,358			129,464
Charge (credit) to equity		(8,882	)		—			—			—			—			—			(7,493	)		—			(347	)		(16,722	)
Reclassification		(30,901	)		—			—			—			—			(726	)		31,627			—			—			—
Sale of subsidiary		(683	)		(9,367	)		(438	)		—			(1,697	)		—			—			—			(236	)		(12,421	)
Others		(160	)		—			(1	)		—			(1	)		—			1			—			(5,123	)		(5,284	)
At December 31, 2017		52,439			86,651			144,089			39,487			13,440			—			224,780			20,413			28,136			609,435
Charge (credit) to P&L		702			(83,561	)		25,733			(5,482	)		1,784			—			35,289			(2,365	)		(14,096	)		(41,996	)
Charge (credit) to equity		—			—			—			—			—			—			—			—			(95	)		(95	)
Sale of subsidiary		(14,775	)		(2,169	)		(33,512	)		—			(6,215	)		—			(6,462	)		—			(944	)		(64,077	)
Others		—			—			—			—			—			—			—			—			1,675			1,675
At December 31, 2018		38,366			921			136,310			34,005			9,009			—			253,607			18,048			14,676			504,942
Charge (credit) to P&L		804			7,512			14,343			11,715			1,842			—			(205,265	)		(4,526	)		53,329			(120,246	)
Charge (credit) to equity		—			—			—			—			—			—			—			—			(3	)		(3	)
IFRIC 23 adoption		—			—			(986	)		—			—			—			—			—			—			(986	)
Others		—			—			—			—			—			—			—			—			(14,020	)		(14,020	)
At December 31, 2019		39,170			8,433			149,667			45,720			10,851			—			48,342			13,522			53,982			369,687

Summary Of Tax Loss Carry forward

As of December 31, 2019, the total tax loss amounts to S/517.3 million and is composed as follows:

	Tax		Tax loss aplication		Application						Statute of
	loss		method		2020		2021		Forward		limitations
GyM S.A.		328,946		B		23,985		13,270		291,691
Vial y Vives-DSD S.A.		115,027		N/A		71,010		6,018		37,999
Viva GyM S.A.		21,530		A		16,917		4,613		—		2022
Graña y Montero S.A.A.		17,875		A		—		—		17,875		2022
TGNCA S.A.C.		15,989		B		—		—		15,989
Morelco S.A.S.		5,650		N/A		5,650		—		—
GMP S.A.		4,869		A		4,869		—		—		2021
GyM Chile S.p.A.		4,052		N/A		—		—		4,052
Survial S.A.		2,053		A		1,437		616		—		2023
Incolur DSD		1,278		N/A		—		—		1,278
Others		47				47		—		—
		517,316				123,915		24,517		368,884