Other Income and Expenses (Tables)

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Schedule of Other Income and Expenses

For the years ended December 31, these items include the following:

In thousands of soles	2021			2022			2023
Other income:
Insurance compensation		3,728			209			9,942
Sale of assets		9,618			11,274			9,816
Recovery of provisions and impairments		6,070			2,067			6,190
Penalty income		1,883			4,715			1,011
Supplier debt forgiveness		-			5,244			407
Change in contract of the call option (a)		70,322			3,706			-
Fee adjustments for right of use		1,129			3,678			2,883
Other		4,464			4,346			7,303
		97,214			35,239			37,552
Other expenses:
Net cost of fixed assets disposal		7,794			8,137			7,470
Administrative sanctions and legal processes (b)		61,252			18,265			9,912
Civil compensation recognized from the Agreement (note 21.a)		-			258,267			249
Disposal of property, plant and equipment		3,764			4,137			624
Asset impairment (c)		20,371			26,211			2
Renegotiation of contract with suppliers		176			6,356			-
Valuation of well abandonment		7,211			-			-
Other		1,123			4,480			5,590
		101,691			325,853			23,847
Other income and expenses		(4,477	)		(290,614	)		13,705

(a) As of December 31, 2021, the subsidiary Cumbra Peru S.A. renegotiated the terms of the put option arrangement signed with the minor shareholder Morelco S.A.S. at the acquisition of asset. This renegotiation ended with the signature of a new acquisition agreement for US$ 15.4 million, superseding the original put option arrangement. Therefore, the Company recognized S/ 70.3 million in “Other income – Change in contract of the call option” in 2021. Also, there was a prepayment discount of S/ 3.7 million in 2022.

(b) As of December 31, 2023, corresponds to: i) Penalty imposed to Cumbra Peru by INDECOPI´s Technical Secretariat for S/ 4 million. ii) Tax penalties for S/ 5.2 million (AENZA S.A.A. for S/ 0.5 million, Cumbra Peru S.A. for S/ 3.2 million, Cumbra Ingenieria S.A. for S/ 1.1 million, and others for S/ 0.4 million); iii) Penalty imposed by OSITRAN to Tren Urbano de Lima S.A. for S/ 0.5 million; iv). Provision of labor proceedings of Cumbra Peru S.A. amounting to S/ 0.2 million.

As of December 31, 2022, mainly corresponds to: i) Penalty imposed to Cumbra Peru by INDECOPI´s Technical Secretariat for S/ 0.3 million. ii) Income tax penalties for S/ 13.1 million (AENZA S.A.A. for S/ 1 million, Cumbra Peru S.A. for S/ 7.4 million and Cumbra Ingenieria S.A. for S/ 4.7 million); iii) Penalty imposed by OSITRAN to Tren Urbano de Lima S.A. for S/ 3.2 million; iv) Provision of labor proceedings of subsidiary Red Vial 5 S.A. amounting to S/ 1.6 million.

(c) As of December 31, 2021, mainly corresponds to the penalty imposed by INDECOPI’s Technical Secretariat to Cumbra Peru S.A. for S/ 28.1 million and Unna Transporte S.A.C. for S/ 2.4 million (note 21.a); additionally, income tax penalties in AENZA S.A.A. for S/ 18.2 million, Cumbra Peru S.A. for S/ 9.5 million and Cumbra Ingenieria S.A. for S/ 0.9 million.

(d) As of December 31, 2023, corresponds to impairment of other accounts receivable of Viva Negocio Inmobiliario S.A.C. for S/ 2 thousands from Peru Piping Spools S.A.C.

As of December 31, 2022, corresponds to the impairment of investments of AENZA S.A.A. for S/ 14.8 million (note 14.a.ii), impairment of other accounts receivable of Viva Negocio Inmobiliario S.A.C. for S/8.1 million (S/ 5.8 million related to Ancon Project), impairment of intangible assets for S/3.1 million at Cumbra Peru mainly corresponding to Vial y Vives - DSD S.A. trademark for S/ 2.6 million and AENZA S.A.A. for S/ 0.5 million, other minor for S/0.2 million. As of December 31, 2021, it corresponds to the impairment of other accounts receivable for S/ 19.9 million, as a consequence of the financial obligation assumed by AENZA S.A.A. in favor of Adexus S.A.