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PROPERTY, FURNITURE AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2018
Disclosure of Property, Furniture And Equipment, Net [Abstract]  
Disclosure of property, plant and equipment [text block]
10
PROPERTY, FURNITURE AND EQUIPMENT, NET
 
a)
The movement of property, furniture and equipment and accumulated depreciation, for the years ended December 31, 2018, 2017, and 2016 was as follows:
 
 
 
Land
 
 
Buildings and

other 

constructions
 
 
Installations
 
 
Furniture 
and
fixtures
 
 
Computer

hardware
 
 
Vehicles 

and

equipment
 
 
Work in

progress
 
 
2018
 
 
2017
 
 
2016
 
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
Cost -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of January 1
 
 
421,639
 
 
 
1,139,916
 
 
 
591,449
 
 
 
513,536
 
 
 
615,059
 
 
 
158,608
 
 
 
64,019
 
 
 
3,504,226
 
 
 
3,409,369
 
 
 
3,455,442
 
Additions
 
 
–
 
 
 
3,339
 
 
 
9,589
 
 
 
25,002
 
 
 
39,270
 
 
 
6,868
 
 
 
97,391
 
 
 
181,459
 
 
 
143,851
 
 
 
110,151
 
Transfers
 
 
6
 
 
 
8,348
 
 
 
37,442
 
 
 
3,820
 
 
 
3,108
 
 
 
337
 
 
 
(53,061
)
 
 
–
 
 
 
–
 
 
 
–
 
Disposals and others
 
 
(10,535
)
 
 
10,774
 
 
 
(26,912
)
 
 
(20,837
)
 
 
(25,223
)
 
 
(10,396
)
 
 
(28,976
)
 
 
(112,105
)
 
 
(48,994
)
 
 
(156,224
)
Balance as of December 31
 
 
411,110
 
 
 
1,162,377
 
 
 
611,568
 
 
 
521,521
 
 
 
632,214
 
 
 
155,417
 
 
 
79,373
 
 
 
3,573,580
 
 
 
3,504,226
 
 
 
3,409,369
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated depreciation -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of January 1
 
 
–
 
 
 
615,725
 
 
 
424,999
 
 
 
336,095
 
 
 
509,707
 
 
 
108,208
 
 
 
–
 
 
 
1,994,734
 
 
 
1,857,666
 
 
 
1,784,001
 
Depreciation for the year
 
 
–
 
 
 
30,607
 
 
 
45,831
 
 
 
33,419
 
 
 
47,234
 
 
 
13,047
 
 
 
–
 
 
 
170,138
 
 
 
178,895
 
 
 
182,845
 
Disposals and others
 
 
–
 
 
 
(14,071
)
 
 
(13,726
)
 
 
(16,056
)
 
 
(20,619
)
 
 
(7,522
)
 
 
–
 
 
 
(71,994
)
 
 
(41,827
)
 
 
(109,180
)
Balance as of December 31
 
 
–
 
 
 
632,261
 
 
 
457,104
 
 
 
353,458
 
 
 
536,322
 
 
 
113,733
 
 
 
–
 
 
 
2,092,878
 
 
 
1,994,734
 
 
 
1,857,666
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net carrying amount
 
 
411,110
 
 
 
530,116
 
 
 
154,464
 
 
 
168,063
 
 
 
95,892
 
 
 
41,684
 
 
 
79,373
 
 
 
1,480,702
 
 
 
1,509,492
 
 
 
1,551,703
 
 
Banks, financial institutions and insurance entities operating in Peru are not allowed to pledge their fixed assets.
 
During the year 2018, the Bank has carried out operations related to the purchase of computer equipment, furniture and services, as well as the remodeling of its headquarters in La Molina, as part of its annual infrastructure investin. During 2017 Credicorp and its Subsidiaries, as part of its annual infrastructure investing, made cash disbursements related mainly to the acquisition, construction and implementation of new agencies for its banking segment, and the refurbishment and conditioning of several agencies and administrative offices.
 
Credicorp’s subsidiaries hold insurance contracts over its main assets in accordance with the policies established by Management.
 
Management periodically reviews the residual value, useful life and method of depreciation of the Group’s property, furniture and equipment to ensure that they are consistent with their actual economic benefits and life expectations. In Management’s opinion, as of December 31, 2018 and 2017 there is no evidence of impairment of the Group’s property, furniture and equipment.