Tax Situation (Tables)

12 Months Ended

Dec. 31, 2019

The income tax expense shown in the consolidated statement of income comprises:


	2017			2018			2019
Current income tax		168,143			150,020			113,062
Deferred income tax (Note 24)		(44,550	)		(23,594	)		206,895
PPUA		613			—			—

		124,206			126,426			319,957
(-) Discontinued Operations		(77,901	)		(13,108	)

Income tax expense		46,305			113,318			319,957

Summary of Weighted-Average Income Tax Rate Applicable To Pre-tax Income

The Group’s income tax differs from the theoretical amount that would have resulted from applying the weighted-average income tax rate applicable to the profit reported by of the consolidated companies, as follows:


	2017			2018			2019
Profit (loss) before income tax		45,112			133,948			(474,726	)

Income tax by applying local applicable tax rates on profit generated in the respective countries		13,811			40,507			(141,370	)
Tax effect on:
- Reversal of deferred income tax asset		—			—			174,716
- Non-recoverable item		—			—			85,301
- Non-deductible expenses		30,472			70,052			84,832
- Unrecognized deferred income tax asset		1,562			8,592			82,424
- Change in prior years estimations		9,005			3,235			36,529
- Provision of tax contingencies		—			—			7,079
- Adjustment for changes in rates of income tax		27			1,524			622
- PPUA adjustment for changes in tax rates		(611	)		—			—
- Non-taxable income		(4	)		(1,691	)		(1,195	)
- Equity method (profit) loss		394			(1,094	)		(64	)
- Others		(8,351	)		(7,807	)		(8,917	)

Income tax		46,305			113,318			319,957

Summary of Weighted Average Pre-tax Profit or Loss and Applicable Income Tax Rate


Country	Rates Taxes local Applicable			Utility before the Tax to Rent			Tax to rent
	(A)			(B)			(A)*(B)
2017
Perú		28.00	%		420,421			124,024
Perú – Norvial S.A.		27.00	%		68,104			18,388
Perú – GyM Ferrovías S.A.		30.00	%		29,028			8,708
Peru – Vía Expresa Sur S.A.		30.00	%		779			234
Perú – GMP S.A.		30.00	%		20,941			6,073
Chile		24.00	%		(93,031	)		(23,723	)
Colombia		40.00	%		(27,970	)		(11,188	)
Bolivia		25.00	%		(2,897	)		(724	)
Unrealized gains					(370,263	)		(107,981	)

Total					45,112			13,811

2018
Peru		29.50	%		151,627			44,730
Peru – Norvial S.A.		27.00	%		21,104			5,698
Peru – GyM Ferrovías S.A.		30.00	%		125,136			37,541
Peru – Vía Expresa Sur S.A.		30.00	%		2,951			885
Peru – GMP S.A.		29.00	%		35,421			10,272
Chile		27.00	%		(20,768	)		(5,607	)
Colombia – Morelco S.A.		37.00	%		11,851			4,385
Colombia – GyM S.A. Branch		33.00	%		1,984			655
Bolivia		25.00	%		(137	)		(34	)
Unrealized gains					(195,221	)		(58,018	)

					133,948			40,507


2019
Peru		29.50	%		(1,612,192	)		(475,597	)
Peru – Norvial S.A.		27.00	%		24,066			6,498
Peru – GyM Ferrovías S.A.		30.00	%		121,080			36,324
Peru – Vía Expresa Sur S.A.		30.00	%		(17,752	)		(5,326	)
Peru – GMP S.A.		29.00	%		35,421			10,272
Chile		27.00	%		(36,917	)		(9,967	)
Colombia – GyM S.A. Branch		33.00	%		(11,824	)		(3,902	)
Bolivia		25.00	%		681			170
Unrealized gains					1,022,711			300,158

					(474,726	)		(141,370	)