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WORKERS' PARTICIPATION: | 12 Months Ended
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Dec. 31, 2019
WORKERS' PARTICIPATION: |
WORKERS' PARTICIPATION: | ​ NOTE 8—WORKERS’ PARTICIPATION: ​ The Company's operations in Peru and Mexico are subject to statutory workers' participation. ​ In Peru, the provision for workers' participation is calculated at 8% of pre-tax earnings. The current portion of this participation, which is accrued during the year, is based on the Peruvian Branch's taxable income and is distributed to workers following determination of final results for the year. The annual amount payable to an individual worker is capped at the worker’s salary for an 18 month period. Amounts determined in excess of the 18 months of worker’s salary is no longer made as a payment to the worker and is levied first for the benefit of the “Fondo Nacional de Capacitacion Laboral y de Promocion del Empleo” (National Workers’ Training and Employment Promotion Fund) until this entity receives from all employers in its region an amount equivalent to 2,200 Peruvian taxable units (approximately $2.8 million in 2019). Any remaining excess is levied as payment for the benefit of the regional governments. These levies fund worker training, employment promotion, entrepreneurship and various other programs. ​ In Mexico, workers' participation is determined using the guidelines established in the Mexican income tax law at a rate of 10% of pre-tax earnings as adjusted by the tax law. ​ The provision for workers’ participation is allocated to “Cost of sales (exclusive of depreciation, amortization and depletion)” and to “selling, general and administrative” in the consolidated statement of earnings, proportional to the number of workers in the production and administrative areas, respectively. Workers’ participation expense for the three years ended December 31, 2019 was as follows (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019 |  | 2018 |  | 2017
Current | ​ | $ | 188.8 | ​ | $ | 219.9 | ​ | $ | 192.7
Deferred | ​ |  | 29.8 | ​ |  | 9.8 | ​ |  | 6.6
​ | ​ | $ | 218.6 | ​ | $ | 229.7 | ​ | $ | 199.3
​

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- Definition This element represents the complete disclosure related to Workers Participation, the provision for workers' participation is calculated on pre-tax earnings and using the guidelines established in the income tax law. + References No definition available. + Details
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Namespace Prefix: | scco_
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