Other Income and Expenses, Net (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Other Income and Expenses, Net

For the years ended December 31, these items include the following:


	2017			2018			2019
Other income:
Profit from Mizuho Agreement (a)		—			—			89,688
Recovery of provisions and accounting impairments		—			—			23,279
Trademarks revaluation		—			—			20,676
Supplier debt forgiveness		—			—			19,026
Sale of fixed assets		93,013			26,007			12,748
Sale of investments		—			13,475			—
Present value of the liability from put option		79			6,122			—
Others		6,466			12,815			14,368

		99,558			58,419			179,785

Other expenditures:
Asset impairment (b)		—			—			296,581
Civil repair to the Peruvian Government (c)		—			73,500			69,150
Legal litigation (class action) (Note 22)		—			—			49,754
Impairment of goodwill and trademarks (Note 17 a)		49,608			—			33,089
Net cost of fixed assets disposal		78,378			36,931			21,061
Others		4,441			9,323			36,904

		132,427			119,754			506,539

		(32,869	)		(61,335	)		(326,754	)

(a)

Corresponds to the refinancing agreement linked to the contract signed between GyM Ferrrovias S.A. and Mitzuho Bank Ltd. where the Company acted as an endorsement of the transaction. Under the contract, a bond letter was issued with Mitzuho Bank Ltd. for it to be covered with a financial derivative. The contract further indicated that in the event that the bank refinanced the debt, the Company received 70% of the gains obtained.

(b)

Mainly corresponds to a provision for impairment of accounts receivable from GSP for S/276 million (Note 15 a) and the subsidiary Promotora Larco Mar S.A. recognized an impairment on work in progress balances for S/18 million.

(c)

The Company increased the provision for civil reparation in S/69 million (Note 22).