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Intangible Assets and Goodwill, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Intangible Assets and Goodwill, Net [Abstract]  
Schedule of Intangible Assets and Related Accumulated Amortization The movement of intangible assets and related accumulated amortization as of December 31, 2021, 2022 and 2023 is as follows:
In thousands of soles  Goodwill (iii)   Trade-marks (iv)   Concession (v)   Contractual relations with clients   Software   Costs of development of wells (vi)   Land use rights   Other assets (vii)   Total 
Cost                                    
Balance at January 1, 2021   95,466    100,512    690,545    77,542    63,871    596,499    13,288    120,645    1,758,368 
Additions   
-
    
-
    6,185    
-
    10,312    45,518    
-
    5,726    67,741 
Capitalization of interest expenses   
-
    
-
    
-
    
-
    
-
    
-
    
-
    609    609 
Disposal   
-
    
-
    (1,921)   
-
    (11,014)   (313,110)   
-
    
-
    (326,045)
Subsidiary deconsolidation   
-
    
-
    
-
    
-
    (17,646)   
-
    
-
    
-
    (17,646)
Translations adjustments   (1,866)   (4,984)   
-
    (3,387)   (284)   
-
    
-
    
-
    (10,521)
At December 31, 2021   93,600    95,528    694,809    74,155    45,239    328,907    13,288    126,980    1,472,506 
Balance at January 1, 2022   93,600    95,528    694,809    74,155    45,239    328,907    13,288    126,980    1,472,506 
Additions   
-
    
-
    6,973    
-
    10,207    144,887    
-
    3,090    165,157 
Disposal   
-
    
-
    
-
    (111)   (3,554)   
-
    
-
    
-
    (3,665)
Reclassifications   
-
    
-
    (15,596)   
-
    
-
    
-
    
-
    (13,504)   (29,100)
Transfers   
-
    
-
    367    
-
    76    
-
    
-
    7    450 
Translations adjustments   (7,603)   (8,279)   
-
    (2,525)   (479)   
-
    
-
    
-
    (18,886)
At December 31, 2022   85,997    87,249    686,553    71,519    51,489    473,794    13,288    116,573    1,586,462 
Balance at January 1, 2023   85,997    87,249    686,553    71,519    51,489    473,794    13,288    116,573    1,586,462 
Additions   
-
    
-
    6,868    
-
    5,901    105,569    
-
    1,662    120,000 
Disposal   
-
    
-
    
-
    (4,832)   (6,785)   (38,347)   
-
    (2,922)   (52,886)
Transfers   
-
    
-
    
-
    
-
    (3)   143    
-
    
-
    140 
Reclassifications   
-
    
-
    (13,731)   
-
    3,059    1,692    
-
    (27,355)   (36,335)
Translations adjustments   6,417    2,437    
-
    (289)   155    
-
    
-
    
-
    8,720 
At December 31, 2023   92,414    89,686    679,690    66,398    53,816    542,851    13,288    87,958    1,626,101 

 

In thousands of soles  Goodwill (iii)   Trade-marks (iv)   Concession (v)   Contractual relations with clients   Software   Costs of development of wells (vi)   Land use rights   Other assets (vii)   Total 
Accumulated amortization and impairment                                    
Balance at January 1, 2021   (36,520)   (22,091)   (318,748)   (77,019)   (47,276)   (401,498)   (2,468)   (60,758)   (966,378)
Amortization   
-
    
-
    (54,304)   
-
    (7,269)   (40,501)   
-
    (4,438)   (106,512)
Disposal   
-
    
-
    1,059    
-
    9,189    313,108    
-
    
-
    323,356 
Subsidiary deconsolidation   
-
    
-
    
-
    
-
    16,895    
-
    
-
    
-
    16,895 
Translations adjustments   
-
    
-
    
-
    3,361    163    
-
    
-
    
-
    3,524 
At December 31, 2021   (36,520)   (22,091)   (371,993)   (73,658)   (28,298)   (128,891)   (2,468)   (65,196)   (729,115)
Balance at January 1, 2022   (36,520)   (22,091)   (371,993)   (73,658)   (28,298)   (128,891)   (2,468)   (65,196)   (729,115)
Amortization   
-
    
-
    (55,096)   
-
    (3,619)   (37,672)   
-
    (5,648)   (102,035)
Disposal   
-
    
-
    
-
    
-
    2,852    
-
    
-
    
-
    2,852 
Reclassifications   
-
    
-
    15,596    
-
    
-
    
-
    
-
    13,504    29,100 
Transfers   
-
    
-
    (272)   
-
    
-
    
-
    
-
    
-
    (272)
Impairment loss   
-
    (2,530)   
-
    
-
    
-
    
-
    
-
    
-
    (2,530)
Translations adjustments   
-
    
-
    
-
    2,422    452    
-
    
-
    
-
    2,874 
At December 31, 2022   (36,520)   (24,621)   (411,765)   (71,236)   (28,613)   (166,563)   (2,468)   (57,340)   (799,126)
Balance at January 1, 2023   (36,520)   (24,621)   (411,765)   (71,236)   (28,613)   (166,563)   (2,468)   (57,340)   (799,126)
Amortization   
-
    
-
    (56,102)   
-
    (3,503)   (95,376)   
-
    (5,898)   (160,879)
Disposal   
-
    
-
    
-
    4,712    6,785    38,347    
-
    
-
    49,844 
Reclassifications   
-
    
-
    13,540    
-
    (2,203)   (2,061)   
-
    27,059    36,335 
Translations adjustments   
-
    
-
    
-
    335    (154)   
-
    
-
    
-
    181 
At December 31, 2023   (36,520)   (24,621)   (454,327)   (66,189)   (27,688)   (225,653)   (2,468)   (36,179)   (873,645)
Carrying amounts                                             
At January 1, 2021   58,946    78,421    371,797    523    16,595    195,001    10,820    59,887    791,990 
At December 31, 2021   57,080    73,437    322,816    497    16,941    200,016    10,820    61,784    743,391 
At December 31, 2022   49,477    62,628    274,788    283    22,876    307,231    10,820    59,233    787,336 
At December 31, 2023   55,894    65,065    225,363    209    26,128    317,198    10,820    51,779    752,456 

 

(iii)Corporation’s Management reviews the performance of its businesses based on the economic activity performed. As of December 31, the goodwill of cash generating units (CGUs) is distributed as follows:
(iv)As of December 31, 2023, this item includes the trademarks acquired in the business combination processes with Vial y Vives S.A.C. for S/ 39.8 million (S/ 42million as of December 31, 2022) and Morelco S.A.S. for S/ 25.2 million (S/ 20.6 million as of December 31, 2022). Management determined that the Vial y Vives and Morelco trademarks have indefinite useful lives, consequently, these intangible assets are tested annually for impairment using the methodology of saving in the payment of license fees or royalties.
(v)As of December 31, it mainly comprises the intangible assets of the subsidiary Red Vial 5 S.A. and is made up of:
(vi)The Company, through one of its subsidiaries, Unna Energia S.A., operated, developed and produced hydrocarbons from two oil fields under extraction services contracts entered into with the State, which have now expired. The contract for Lot I ended on December 26, 2021 and for Lot V on October 7, 2023. Unna Energia is currently preparing the Termination Abandonment Plan for both contracts. Both Abandonment Plans are expected to be approved this year and have been awarded to two specialist consulting firms. The provisions recorded for the performance of the Studies and the execution of all the corresponding work have been estimated by Unna Energia and duly recorded in the accounts in previous years. These provisions amount to S/ 32,541 thousand soles and S/ 5,829 thousand soles, respectively.

On December 10, 2014, the Peruvian Government granted the Company the right to exploit Oil Lots III and IV for 30 years through two independent License Contracts. The total committed investment is estimated at US$ 435 million and corresponds to the drilling of 230 wells in Lot III and 330 wells in Lot IV under their Minimum Work Programs (10 annual campaigns for 23 and 33 development wells, respectively). Drilling work commenced in November 2016 in Lot IV and in Lot III the first drilling campaign started in June 2022.

The wells are amortized based on the estimated reserves until the end of the term of the contracts signed with Perupetro S.A. For Lot V, the wells are amortized based on the useful lives determined over the remaining terms.

(vii)Mainly corresponds to investments committed in the subsidiary Unna Energia S.A. through its consortium Terminales del Peru and executed its investment commitments contained in the Operation Contracts of the Central and North Terminals signed with Petroleos del Peru S.A. (Petroperu), owner of the assets. At the end of the contract term, Unna Energia S.A. will transfer the facilities and assets resulting from the execution of the investment commitment to the contracting party at zero value.
Schedule of Amortization of Intangibles Amortization of intangibles is broken down in the consolidated statements of profit or loss as follows:
In thousands of soles  Note  2021   2022   2023 
Cost of sales      98,977    98,529    157,132 
Administrative expenses      6,243    3,506    3,747 
Sub total  25   105,220    102,035    160,879 
(+) Amortization discontinued operations      1,292    
-
    
-
 
       106,512    102,035    160,879 
Schedule of Goodwill of Cash Generating Units As of December 31, the goodwill of cash generating units (CGUs) is distributed as follows:
In thousands of soles  2021   2022   2023 
Engineering and construction   36,344    28,741    35,158 
Electromechanical   20,736    20,736    20,736 
    57,080    49,477    55,894 
Schedule of Main Assumptions Used by the Corporation to Determine the Recoverable Value The main assumptions used by the Corporation to determine the recoverable value are the following:
   Engineering     
   and   Electro- 
In percentage  construction   mechanical 
2021        
Gross margin   11.10%   9.04%
Terminal growth rate   3.30%   2.00%
Discount rate   11.97%   13.28%
2022          
Gross margin   9.23%   8.13%
Terminal growth rate   3.80%   2.00%
Discount rate   17.66%   14.89%
2023          
Gross margin   9.27%   8.75%
Terminal growth rate   3.25%   2.00%
Discount rate   15.31%   14.06%
   Engineering and construction 
In percentage  Morelco S.A.S.   Vial y Vives - DSD 
2021        
Average revenue growth rate   23.16%   5.00%
Terminal growth rate   3.30%   3.00%
Discount rate   11.97%   17.60%
2022          
Average revenue growth rate   43.19%   9.03%
Terminal growth rate   3.80%   3.00%
Discount rate   17.66%   15.82%
2023          
Average revenue growth rate   36.00%   24.10%
Terminal growth rate   3.25%   3.00%
Discount rate   16.31%   15.80%
Schedule of Intangible Assets of the Subsidiary Red Vial As of December 31, it mainly comprises the intangible assets of the subsidiary Red Vial 5 S.A. and is made up of:
In thousands of soles  2021   2022   2023 
Capitalization of second roadway   240,279    200,233    160,185 
EPC Contract   46,719    38,933    31,146 
Implementation for road safety   10,179    11,526    13,186 
Road improvement   11,795    10,997    10,096 
Disbursements for land acquisition    4,883    4,836    3,869 
Construction of the second tranche of the “Ancon-Huacho-Pativilca” highway   2,919    2,394    1,916 
Other intangible assets contracted for the delivery process   5,118    4,823    4,309 
Total Red Vial 5 S.A.   321,892    273,742    224,707 
Other concession   924    1,046    656 
    322,816    274,788    225,363