Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

9. Cash and Cash Equivalents

As of December 31, this caption comprises:

In thousands of soles	2022		2023
Cash on hand		727		1,020
Remittances in-transit		2,955		3,621
Current accounts (a)		382,414		263,295
Trust account - specific use founds (b)		416,464		421,149
Time deposits (c)		114,994		314,803
Total Cash and Cash equivalents		917,554		1,003,888

(a) 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.

(b) The Corporation maintains unrestricted trust accounts in local and foreign banks for the management of funds for specific uses that are classified as:

In thousands of soles	2022		2023
Operational funds		229,165		190,755
Consortium funds		114,050		200,473
Reserve funds (i)		71,966		28,661
Guarantee funds		1,283		1,260
		416,464		421,149

(i) Reserve and guarantee funds for the payment of bonds issued and other obligations of the Corporation, as follows:

In thousands of soles	2022		2023
Tren Urbano de Lima S.A.		49,397		4,622
Red Vial 5 S.A.		22,569		24,039
		71,966		28,661

(c) Time deposits have maturities lower than ninety (90) days and may be renewed upon maturity. These deposits bear interest that fluctuates between 4.21% and 7.32%.

		Interest
In thousands of soles	Financial entities	rate		2022		2023
Viva Negocio Inmobiliario S.A.C.	Banco de Credito del Peru		4.21% al 6.20%		-		99,078
Tren Urbano de Lima S.A.	Banco de Credito del Peru		6.20% al 7.32%		73,200		68,000
Tren Urbano de Lima S.A.	Banco BBVA Peru		7.55%		-		45,000
AENZA S.A.A.	Banco de Credito del Peru		5.08% al 6.3%		-		32,117
Red Vial 5 S.A.	Banco de Credito del Peru		5.05% al 6.45%		-		22,129
Cumbra Peru S.A.	Banco de Credito del Peru		6.20% al 6.80%		-		16,320
Aenza Servicios Corporativos S.A.C.	Banco de Credito del Peru		5.05% al 6.35%		-		14,779
Unna Transporte S.A.C.	Banco de Credito del Peru		6.20 al 6.35%		-		4,773
Unna Energia S.A.	Banco de Credito del Peru		5.12% al 6.5%		4,006		4,605
Carretera Sierra Piura S.A.C.	Banco de Credito del Peru		5.05% al 6.35%		-		4,371
Concesionaria La Chira S.A.	Banco BBVA Peru		5.92% al 7.20%		-		2,149
Carretera Andina del Sur S.A.C.	Banco Internacional del Peru		5.50%		-		1,482
Vial y Vives - DSD S.A.	Banco Santander Chile				22,317		-
Unna Energia S.A.	Banco Internacional del Peru				15,471		-
					114,994		314,803

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