Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2022

Cash and Cash Equivalents Disclosure [Abstract]

Cash and Cash Equivalents

9. Cash and Cash Equivalents

As of December 31, this caption comprises:

In thousands of soles	2021		2022
Cash on hand		936		727
Remittances in-transit		2,222		2,955
Bank accounts
Current accounts		142,029		363,130
Banco de la Nacion		19,847		19,280
Time deposits (a)		205,302		114,994
Savings deposits and mutual funds		62		4
		367,240		497,408
Trust account - Specific use funds
Operational funds		261,001		229,165
Consortium funds		78,589		114,050
Reserve funds (b)		163,939		71,966
Guarantee funds		83,251		1,283
		586,780		416,464
Total Cash and Cash equivalents		957,178		917,554

Current accounts are denominated in local and foreign currency, deposited in local and foreign banks with a high credit rating (Note 8.B) and are freely available. These accounts earn interest at market rates.

The Corporation maintains unrestricted trust accounts in local and foreign banks for the management of funds for specific uses that are classified as: i) operating funds and consortium funds for the exclusive management of project cash flows; and ii) reserve and guarantee funds for the payment of bonds issued and other obligations of the Corporation.

a. Time deposits have maturities lower than ninety (90) days and may be renewed upon maturity. These deposits bear interest that fluctuates between 0.26% and 7.40%.

In thousands of soles	Financial entities	Interest rate			2021		2022
Tren Urbano de Lima S.A.	Banco de Credito del Peru S.A.		7.40	%		55,000		73,200
Vial y Vives - DSD S.A.	Banco Santander - Chile		0.93	%		-		22,317
Unna Energia S.A.	Banco Internacional del Peru S.A.A.		0.35	%		32,197		15,471
Unna Energia S.A.	Banco de Credito del Peru S.A.		0.30	%		11,130		4,006
AENZA S.A.A.	Banco de Credito del Peru S.A.		0.26	%		100,583		-
Concesionaria La Chira S.A.	BBVA Banco Continental S.A.		1.65	%		4,000		-
Cumbra Ingenieria S.A.	Banco de Credito del Peru S.A.		1.75	%		2,392		-
						205,302		114,994

b. The trust accounts with reserve funds for the payment of bonds issued and other obligations of the Corporation are as follows:

In thousands of soles	2021		2022
Tren Urbano de Lima S.A.		103,269		49,397
Red Vial 5 S.A.		22,531		22,569
AENZA S.A.A.		7,386		-
Cumbra Ingenieria S.A.		12,760		-
Unna Energia S.A.		17,993		-
		163,939		71,966

Cash and cash equivalents do not represent a significant credit or interest rate risk; therefore, their carrying amounts approximate their fair value.