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Investments in Associates and Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2023
Investments in Associates and Joint Ventures [Abstract]  
Schedule of Inverstments in Associates and Joint Ventures As of December 31, this caption comprises:
In thousands of soles  2021   2022   2023 
Associates (a)   22,047    2,753    2,103 
Joint ventures (b)   9,126    12,163    10,644 
    31,173    14,916    12,747 
The amounts recognized in the statement of profit or loss as value of equity interest are as follows:
In thousands of soles  2021   2022   2023 
Associates   (3,693)   (1,144)   73 
Joint ventures   2,832    3,051    2,938 
    (861 )   1,907    3,011 
(a)The following table lists the Corporation’s associates as of December 31, 2022 and 2023. The associates shown below have common stock capital that is held directly by the Corporation. None of the associates are publicly traded; therefore, there is no quoted market price available for their shares.
(b)The Corporation’s joint ventures as of December 31 are as follows:
Schedule of Investments in Associates The following table lists the Corporation’s associates as of December 31, 2022 and 2023.
   Class of   Interest in capital   Carrying amount 
In thousands of soles  share  2022   2023   2022   2023 
Entity     %   %         
Inversiones Maje S.A.C.  Common   9.59    9.59    2,103    2,103 
Obratres S.A.C.  Common   37.50    37.50    649    
-
 
Gasoducto Sur Peruano S.A. (i)  Common   21.49    21.49    
-
    
-
 
Concesionaria Chavimochic S.A.C. (ii)  Common   26.50    26.50    
-
    
-
 
Others  Common             1    
-
 
                 2,753    2,103 

 

i.Gasoducto Sur Peruano S.A.
ii.Concesionaria Chavimochic S.A.C.
Schedule of Movement of the Investments in Associates The movement of investments in associates is as follows:
In thousands of soles  2021   2022   2023 
Balance at January, 1   27,246    22,047    2,753 
Impairment of investment (ii)   
-
    (14,804)   
-
 
Decrease in capital   
-
    (2,937)   
-
 
Equity interest in results   (3,693)   (1,144)   73 
Dividends received   (1,483)   (380)   (723)
Conversion adjustment   (23)   (29)   
-
 
Balance at December, 31   22,047    2,753    2,103 
ii.Concesionaria Chavimochic S.A.C.
Schedule of Investments Joint Ventures The Corporation’s joint ventures as of December 31 are as follows:
          Carrying amount 
   Class of   Interest in capital   As of December 31 
In thousands of soles  share  2022   2023   2022   2023 
Entity                   
Logistica Quimicos del Sur S.A.C.  Common   50.00%   50.00%   12,049    10,536 
Others      
 
    
 
    114    108 
                 12,163    10,644 
Schedule of Movement of the Investments in Joint Ventures The movements in joint ventures are as follows:
In thousands of soles  2021   2022   2023 
Balance at January, 1   8,270    9,126    12,163 
Equity interest in results   2,832    3,051    2,938 
Dividends received   (1,962)   
-
    (4,453)
Conversion adjustment   (14)   (14)   (4)
Balance at December, 31   9,126    12,163    10,644