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Financial Risk Management (Tables)
12 Months Ended
Dec. 31, 2023
Financial Risk Management [Abstract]  
Schedule of Financial Assets and Liabilities Denominated In Foreign Currencies The balances of financial assets and liabilities denominated in foreign currencies correspond to balances in U.S. Dollars, Chilean pesos and Colombian pesos, which are stated exchange rate published on that date, according to the currency type:
   As of December 31, 2022   As of December 31, 2023 
   Buy   Sale   Buy   Sale 
U.S. Dollars (a)   3.808    3.820    3.705    3.713 
Chilean Peso (b)   0.004449    0.004463    0.004224    0.004233 
Colombian Peso (c)   0.000792    0.000794    0.000969    0.000971 
(a)U.S. Dollar as published by the Superintendencia de Banca y Seguros (hereinafter SBS).
(b)Chilean peso as published by Banco Central de Chile.
(c)Colombian peso as published by Banco de la Republica de Colombia.

 

Schedule of Consolidated Statement of Financial Position The consolidated statement of financial position as of December 31, includes the following balances:
In thousands of US dollars  2022   2023 
Assets        
Cash and cash equivalents   58,280    105,542 
Trade accounts receivable, net   124,593    174,305 
Accounts receivable from related parties   142,435    142,435 
Other accounts receivable   75,536    85,535 
    400,844    507,817 
Liabilities          
Borrowings   (215,076)   (213,821)
Bonds   (5,569)   (3,890)
Trade accounts payable   (119,104)   (152,383)
Accounts payable to related parties   (3,171)   (3,504)
Other accounts payable   (88,012)   (64,277)
Other provisions   (42,241)   (2,032)
    (473,173)   (439,907)
Schedule of Corporation's Exchange Gains and Losses For the periods ended December 31, 2021, 2022 and 2023, the Corporation’s exchange gains and losses was, (note 26.A):
In thousands of soles  2021   2022   2023 
Gain   383,199    449,864    153,252 
Loss   (430,410)   (450,133)   (176,414)
    (47,211)   (269)   (23,162)
Schedule of Strengthened or Weakened Against the Peruvian Sol If, as of December 31, 2023, the U.S. Dollars, the Chilean peso, and the Colombian peso had been strengthened/weakened against the Peruvian Sol, with all other variables held constant, the pre-tax results for the year would have the following impact:
   Profit (loss)
before income tax
 
Effect in thousands of soles  Strengthening   Weakening 
For the year ended as of December 31, 2023        
USD (5% movement)   (1,158)   1,158 
USD (10% movement)   (2,316)   2,316 
For the year ended as of December 31, 2022          
USD (5% movement)   (13)   13 
USD (10% movement)   (27)   27 
For the year ended as of December 31, 2021          
USD (5% movement)   (2,361)   2,361 
USD (10% movement)   (4,721)   4,721 

 

If, as of December 31, 2023, the oil price had increased/decreased, with all other variables held constant, the pre-tax profit for the year would have the following impact:
   Profit (loss)
before income tax
 
Effect in thousands of soles  Strengthening   Weakening 
For the year ended as of December 31, 2023        
(5% movement)   5,225    (4,144)
(10% movement)   11,350    (7,431)
For the year ended as of December 31, 2022          
(5% movement)   28,400    (29,800)
(10% movement)   56,400    (62,000)
Schedule of Foreign Currency Translation Adjustments The consolidated statement of financial position includes the following assets and liabilities in its currency (in thousands):
   2022   2023 
   Assets   Liabilities   Assets   Liabilities 
Chilean Pesos   60,684,971    81,864,810    37,715,040    53,101,695 
Colombian Pesos   96,944,436    59,114,296    183,305,679    125,307,739 
Schedule of Financial Liabilities The amounts disclosed in the table below are the contractual undiscounted cash flows, which include interest to be accrued according to the established schedule.
       Contractual cash flows 
   Carrying   Less than   1-2   2-5   More than     
In thousands of soles  amount   1 year   years   years   5 years   Total 
As of December 31, 2022                        
Other financial liabilities (except for finance leases and lease liability for right-of-use asset)   819,973    599,310    71,732    216,392    
-
    887,434 
Finance leases   835    873    
-
    
-
    
-
    873 
Lease liability for right-of-use asset   59,085    19,075    31,705    23,386    113    74,279 
Bonds   869,913    141,246    185,114    419,969    707,800    1,454,129 
Trade accounts payables (except non-financial liabilities)   1,037,013    1,027,256    9,757    
-
    
-
    1,037,013 
Accounts payables to related parties   80,781    53,488    25,420    697    1,176    80,781 
Other accounts payables and other   provisions (except non-financial   liabilities)   712,071    186,326    64,307    89,868    470,129    810,630 
    3,579,671    2,027,574    388,035    750,312    1,179,218    4,345,139 
       Contractual cash flows 
   Carrying   Less than   1-2   2-5   More than     
In thousands of soles  amount   1 year   years   years   5 years   Total 
As of December 31, 2023                        
Other financial liabilities (except liability for right-of-use asset)   780,145    568,284    165,022    163,943    
-
    897,249 
Lease liability for right-of-use asset   42,562    17,754    23,487    8,725    73    50,039 
Bonds   822,925    140,546    177,121    345,473    679,085    1,342,225 
Trade accounts payables (except non-financial liabilities)   1,168,267    1,164,266    4,001    
-
    
-
    1,168,267 
Accounts payables to related parties   72,936    44,372    28,564    
-
    
-
    72,936 
Other accounts payables and other provisions (except non-financial liabilities)   673,663    195,279    57,601    138,356    410,377    801,613 
    3,560,498    2,130,501    455,796    656,497    1,089,535    4,332,329 
Schedule of Leverage Ratio As of December 31, 2022 and 2023, the leverage ratio is as follows:
In thousands of soles  Note  2022   2023 
Total borrowing, bonds and civil compensation (*)  17 and 18   2,238,699    2,115,471 
Less: Cash and cash equivalents  9   (917,554)   (1,003,888)
Net debt (a)      1,321,145    1,111,583 
Total equity (b)      1,346,006    1,487,289 
Total net debt plus equity (a) + (b)      2,667,151    2,598,872 
Gearing ratio      0.50    0.43 
(*)As of December 31, 2023, the provision for civil compensation amounts to S/ 469.8 million (S/ 488.9 million as of December 31, 2022).