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Other Accounts Receivable
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Other Accounts Receivable
13
OTHER ACCOUNTS RECEIVABLE
As of December 31, this account comprises:
 
 
  
Total
 
 
Current
 
 
Non-current
 
 
  
2019
 
 
2020
 
 
2019
 
 
2020
 
 
2019
 
 
2020
 
Advances to suppliers (a)
  
 
135,481
 
 
 
76,200
 
 
 
135,481
 
 
 
76,200
 
 
 
—  
 
 
 
—  
 
Income tax
on-account
payments (b)
  
 
71,541
 
 
 
48,054
 
 
 
71,541
 
 
 
48,052
 
 
 
—  
 
 
 
2
 
VAT credit (c)
  
 
47,167
 
 
 
54,076
 
 
 
32,903
 
 
 
43,498
 
 
 
14,264
 
 
 
10,578
 
Guarantee deposits (d)
  
 
189,210
 
 
 
217,441
 
 
 
104,965
 
 
 
156,123
 
 
 
84,245
 
 
 
61,318
 
Claims to third parties (e)
  
 
83,054
 
 
 
212,565
 
 
 
38,874
 
 
 
108,748
 
 
 
44,180
 
 
 
103,817
 
Petroleos del Peru S.A.- Petroperu S.A. (f)
  
 
80,942
 
 
 
87,826
 
 
 
17,293
 
 
 
17,132
 
 
 
63,649
 
 
 
70,694
 
ITAN and other tax receivable
  
 
60,883
 
 
 
63,003
 
 
 
30,233
 
 
 
30,468
 
 
 
30,650
 
 
 
32,535
 
Restricted funds (g)
  
 
16,523
 
 
 
29,121
 
 
 
1,522
 
 
 
2,092
 
 
 
15,001
 
 
 
27,029
 
Rental and sale of equipment - Cumbra Peru S.A. projects
  
 
30,798
 
 
 
29,149
 
 
 
30,798
 
 
 
29,149
 
 
 
—  
 
 
 
—  
 
Accounts receivable from personneel
  
 
2,940
 
 
 
10,957
 
 
 
2,940
 
 
 
10,957
 
 
 
—  
 
 
 
—  
 
Consorcio Panorama (h)
  
 
23,491
 
 
 
25,026
 
 
 
—  
 
 
 
—  
 
 
 
23,491
 
 
 
25,026
 
Other minors
  
 
16,574
 
 
 
10,386
 
 
 
15,339
 
 
 
9,738
 
 
 
1,235
 
 
 
648
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
758,604
 
 
 
863,804
 
 
 
481,889
 
 
 
532,157
 
 
 
276,715
 
 
 
331,647
 
Impairment (i)
  
 
(30,698
) 
 
 
(102,050
) 
 
 
(27,415
) 
 
 
(98,626
) 
 
 
(3,283
) 
 
 
(3,424
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
727,906
 
 
 
761,754
 
 
 
454,474
 
 
 
433,531
 
 
 
273,432
 
 
 
328,223
 
The fair value of the other short-term accounts receivable is similar to their book value due to their short-term maturity. The
non-current
portion corresponds mainly to
non-financial
assets such as advances to suppliers and tax credits. Other
non-current
accounts receivable have maturities ranging from 2 to 5 years.
The maximum exposure to credit risk at the reporting date is the carrying amount of each class of other accounts receivable mentioned. The Corporation does not request guarantees.
Below is a description and composition of the main accounts receivable:
(a) Advance to suppliers - corresponds mainly to the following:
 
   
Current
 
   
2019
   
2020
 
Alstom Transporte — Linea 1
   2,597    5,786 
Advances — Refineria Talara
   48,303    6,951 
Advances — joint operations vendors
   49,181    36,803 
Others
   35,400    26,660 
   
 
 
   
 
 
 
    135,481    76,200 
   
 
 
   
 
 
 
(b) Income tax
on-account
payments, consist of income tax payments and credits in the following subsidiaries:
 
 
  
Total
 
  
Current
 
  
Non-current
 
 
  
2019
 
  
2020
 
  
2019
 
  
2020
 
  
2019
 
  
2020
 
Cumbra Peru S.A.
  
 
45,628
 
  
 
35,599
 
  
 
45,628
 
  
 
35,599
 
  
 
—  
 
  
 
—  
 
Cumbra Ingenieria S.A.
  
 
7,203
 
  
 
3,532
 
  
 
7,203
 
  
 
3,532
 
  
 
—  
 
  
 
—  
 
UNNA ENERGIA S.A. S.A.
  
 
2,400
 
  
 
1,883
 
  
 
2,400
 
  
 
1,883
 
  
 
—  
 
  
 
—  
 
Concar S.A.
  
 
3,709
 
  
 
3,340
 
  
 
3,709
 
  
 
3,340
 
  
 
—  
 
  
 
—  
 
Viva Negocio Inmobiliario S.A.
  
 
3,485
 
  
 
1,351
 
  
 
3,485
 
  
 
1,351
 
  
 
—  
 
  
 
—  
 
AENZA S.A.A.
  
 
2,895
 
  
 
1,348
 
  
 
2,895
 
  
 
1,348
 
  
 
—  
 
  
 
—  
 
Norvial S.A.
  
 
4,266
 
  
 
5
 
  
 
4,266
 
  
 
5
 
  
 
—  
 
  
 
—  
 
Survial S.A.
  
 
426
 
  
 
141
 
  
 
426
 
  
 
141
 
  
 
—  
 
  
 
—  
 
Others
  
 
1,529
 
  
 
855
 
  
 
1,529
 
  
 
853
 
  
 
—  
 
  
 
2
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
 
71,541
 
  
 
48,054
 
  
 
71,541
 
  
 
48,052
 
  
 
—  
 
  
 
2
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
(c) Tax credit related to VAT on the following subsidiaries:
 
 
  
Total
 
  
Current
 
  
Non-current
 
 
  
2019
 
  
2020
 
  
2019
 
  
2020
 
  
2019
 
  
2020
 
Cumbra Peru S.A.
  
 
12,963
 
  
 
12,868
 
  
 
12,963
 
  
 
12,868
 
  
 
—  
 
  
 
—  
 
Tren Urbano de Lima S.A.
  
 
11,970
 
  
 
3,335
 
  
 
11,970
 
  
 
3,335
 
  
 
—  
 
  
 
—  
 
AENZA S.A.A.
  
 
—  
 
  
 
648
 
  
 
—  
 
  
 
648
 
  
 
—  
 
  
 
—  
 
Concar S.A.
  
 
1,653
 
  
 
1,527
 
  
 
1,653
 
  
 
1,527
 
  
 
—  
 
  
 
—  
 
Survial SA.
  
 
1,817
 
  
 
2,631
 
  
 
1,817
 
  
 
2,631
 
  
 
—  
 
  
 
—  
 
Cumbra Ingenieria S.A.
  
 
1,513
 
  
 
13,754
 
  
 
1,513
 
  
 
13,754
 
  
 
—  
 
  
 
—  
 
Viva Negocio Inmobiliario S.A.
  
 
6,874
 
  
 
8,111
 
  
 
513
 
  
 
953
 
  
 
6,361
 
  
 
7,158
 
UNNA ENERGIA S.A. S.A.
  
 
396
 
  
 
678
 
  
 
396
 
  
 
678
 
  
 
—  
 
  
 
—  
 
Others
  
 
9,981
 
  
 
10,524
 
  
 
2,078
 
  
 
7,104
 
  
 
7,903
 
  
 
3,420
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
 
47,167
 
  
 
54,076
 
  
 
32,903
 
  
 
43,498
 
  
 
14,264
 
  
 
10,578
 
Management considers that VAT credit will be recovered in the regular course of future operations of subsidiaries.
(d) Guarantee deposits
Corresponds to funds held by customers for construction contracts mainly from the subsidiary GyM S.A. These deposits are retained by customers to ensure the subsidiary’s compliance with its obligations under the contracts. The amounts retained will be recovered once the work is completed.
 
   
Total
   
Current
   
Non-current
 
   
2019
   
2020
   
2019
   
2020
   
2019
   
2020
 
Talara Refinery
   55,567    58,831    308    812    55,259    58,019 
Retention Toquepala
   19,630    —      19,630    —      —      —   
Retention Minera Teck
   16,075    64,175    16,075    64,175    —      —   
Retention Quellaveco
   15,926    23,699    15,926    23,699    —      —   
Joint operations retention
   29,575    29,792    15,654    29,792    13,921    —   
Retention Morelco
   15,261    14,108    15,261    14,108    —      —   
Retention Marcobre
   5,052    302    5,052    302    —      —   
SBLC guarantees — Sale of CAM Chile S.p.A.
   14,726    —      3,576    —      11,150    —   
Others
   17,398    26,534    13,483    23,235    3,915    3,299 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
    189,210    217,441    104,965    156,123    84,245    61,318 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
(e) Third-party claims
 
   
Total
   
Current
   
Non-current
 
   
2019
   
2020
   
2019
   
2020
   
2019
   
2020
 
Tecnicas Reunidas — Talara (e.1)
   —      53,635    —      —      —      53,635 
Municipalidad Metropolitana de Lima (e.2)
   —      49,625    —      49,625    —      —   
Ministerio de Vivienda and Fondo Mi Vivienda
   20,536    21,816    —      —      20,536    21,816 
Accounts receivable from joint venture
   39,736    60,861    23,934    38,326    15,802    22,535 
Others
   22,782    26,628    14,940    20,797    7,842    5,831 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
    83,054    212,565    38,874    108,748    44,180    103,817 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(e.1) Tecnicas Reunidas - Talara
Cumbra Peru S.A. filed a lawsuit case against Tecnicas Reunidas for approximately US$78 million as indemnification for damages as a consequence of several contractual breaches. Tecnicas Reunidas has filed a counterclaim for approximately US$ 81 million alleging that Cumbra Peru S.A. has breached the subcontract entered between the two companies. On December 28, 2020, Tecnicas Reunidas executed two letters of guarantee issued by Banco Santander, for US$16 million for Performance and the second letter for advance payment for US$7.7 million, despite the fact that the obligations guaranteed by the letter of guarantee were being litigated in the process described in this paragraph. As of December 31, 2020, the balance of this item at face value amounts to US$17.3 million equivalent to S/62.5 million (at present value the balance amounts to US$14.8 million equivalent to S/53.6 million).
(e.2) Municipalidad Metropolitana de Lima
Includes the reclassification of net intangible assets for S/21.8 million (Note 17), work in progress - related to concession agreements for S/23.4 million (Note
11-a),
other accounts S/4.4 million. In 2020, this item includes an impairment of S/49.6 million (Note
28-b).
(f) Other accounts receivable from Petroperu S.A.
It corresponds to accounts receivable to Petroperu S.A., for the additional investments of the Terminales del Peru Consortium of the subsidiary UNNA ENERGIA S.A.
(g) Restricted funds
As of December 31, 2020, includes restricted funds of S/19.1 million of the Company and S/0.9 million of the subsidiary Viva Negocio Inmobiliario S.A. for bank certificates under guarantee and S/7.3 corresponds to the bank accounts for the reserve account of the Concesionaria La Chira S.A. and others subsidiaries for S/1.6 million (S/7.7 million, S/0.9 million, S/7.3 million and S/0.5 million as of December 31, 2019, respectively).
(h) Consorcio Panorama
Corresponds to the settlement agreement of the Consorcio Panorama signed by Viva Negocio Inmobiliario S.A. and Inversiones Maje S.A.C. on December 14, 2018. This balance includes the return of contributions and the profit earned, based on future sales of the properties held in the project.
(i) Impairment
The movement in impairment of other receivables during 2018, 2019 and 2020 was as follows:
 
 
  
Total
 
 
Guaranties Retention
 
 
Claims to third parties
 
 
  
2018
 
 
2019
 
 
2020
 
 
2018
 
  
2019
 
  
2020
 
 
2018
 
 
2019
 
 
2020
 
Balance at January, 1
  
 
(1,398
) 
 
 
(25,567
) 
 
 
(30,698
) 
 
 
—  
 
  
 
—  
 
  
 
165
 
 
 
(1,398
) 
 
 
(25,567
) 
 
 
(30,863
) 
Impairment of Concar S.A.C. (Note 26.ii)
  
 
(665
) 
 
 
(1,457
) 
 
 
(11,431
) 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
(665
) 
 
 
(1,457
) 
 
 
(11,431
) 
Impairment of Sucursal Colombia (Note 26.ii)
  
 
—   
 
 
 
(3,283
) 
 
 
—  
 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
(3,283
) 
 
 
—  
 
Impairment of Cumbra Peru S.A. (Note 26.ii)
  
 
(24,169
) 
 
 
(937
) 
 
 
(828
) 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
(24,169
) 
 
 
(937
) 
 
 
(828
) 
Impairment of
Viva Negocio Inmobiliario 
S.A. (Note 26.ii)
  
 
(19,418
) 
 
 
—  
 
 
 
—  
 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
(19,418
) 
 
 
—  
 
 
 
—  
 
Impairment of other minors (Note 26.ii)
  
 
—  
 
 
 
(27
) 
 
 
(59
) 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
(27
) 
 
 
(59
) 
Impairment of Cam Holding S.P.A. (Note 28.b)
  
 
—  
 
 
 
—  
 
 
 
(12,511
) 
 
 
—  
 
  
 
—  
 
  
 
(12,511
) 
 
 
—  
 
 
 
—  
 
 
 
—  
 
Impairment of Concesionaria Vía Expresa Sur S.A. (Note 28.b)
  
 
—  
 
 
 
—  
 
 
 
(55,847
) 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
(49,625
) 
Impairment of other minors (Note 28.b)
  
 
—  
 
 
 
—  
 
 
 
(513
) 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
(513
) 
Reversal of impairment (Note 28.b)
  
 
—  
 
 
 
32
 
 
 
—  
 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
32
 
 
 
—  
 
Write-off
  
 
20,083
 
 
 
—  
 
 
 
12,205
 
 
 
—  
 
  
 
—  
 
  
 
12,530
 
 
 
20,083
 
 
 
—  
 
 
 
(325
) 
Exchange difference
  
 
—  
 
 
 
387
 
 
 
(2,188
) 
 
 
—  
 
  
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
387
 
 
 
(2,188
) 
Translations adjustments
  
 
—  
 
 
 
154
 
 
 
(180
) 
 
 
—  
 
  
 
165
 
  
 
(184
) 
 
 
—  
 
 
 
(11
) 
 
 
4
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December, 31
  
 
(25,567
) 
 
 
(30,698
) 
 
 
(102,050
) 
 
 
—  
 
  
 
165
 
  
 
—  
 
 
 
(25,567
) 
 
 
(30,863
) 
 
 
(95,828
)