EQUITY (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of treasury shares [text block]

We present below the treasury stock owned by the Group entities at December 31, 2018, 2017 and 2016:

	2018		2017		2016

Atlantic Security Holding Corporation		14,620,846		14,620,846		14,620,846
Share-based compensation plans, Note 19		260,548		276,011		277,436
Others		1,880		5,151		17,255
		14,883,274		14,902,008		14,915,537

Disclosure of reserves within equity [text block]

“Other reserves” include unrealized gains (losses) on fair value through other comprehensive investments (available-for-sale investments under IAS 39, at December 31, 2017 and 2016) and on cash flow hedges derivative instruments, net of deferred income tax and non-controlling interest. Movement was as follows:

	Net unrealized gains (losses):
	Reserve for investments at fair value through other comprehensive income			Reserve for available-for- sale investments			Reserve for cash flow hedges			Foreign currency translation reserve			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)

Balance at January 1, 2016		–			652,904			45,050			64,741			762,695
Increase in net unrealized gains on investments		–			554,869			–			–			554,869
Transfer of net realized gains on investments to profit or loss, net of realized loss		–			(75,444	)		–			–			(75,444	)
Transfer of the impairment loss on investments to profit or loss, Note 23		–			14,459			–			–			14,459
Change in net unrealized gains on cash flow hedges		–			–			(16,724	)		–			(16,724	)
Transfer of net realized losses on cash flow hedges to profit or loss		–			–			(3,676	)		–			(3,676	)
Foreign exchange translation		–			–			–			(26,448	)		(26,448	)
Balance at December 31, 2016		–			1,146,788			24,650			38,293			1,209,731
Increase in net unrealized gains on investments		–			873,868			–			–			873,868
Transfer of net realized gains on investments to profit or loss, net of realized loss		–			(517,006	)		–			–			(517,006	)
Transfer of the impairment loss on investments to profit or loss Note 23		–			766			–			–			766
Change in net unrealized loss on cash flow hedges		–			–			(59,709	)		–			(59,709	)
Transfer of net realized losses on cash flow hedges to profit or loss		–			–			2,278			–			2,278
Foreign exchange translation		–			–			–			(54,334	)		(54,334	)
Balance at December 31, 2017		–			1,504,416			(32,781	)		(16,041	)		1,455,594
Change in accounting policy, Note 3(a)(i)		1,285,458			(1,504,416	)		–			–			(218,958	)
Balance at December 31, 2017 - Restated		1,285,458			–			(32,781	)		(16,041	)		1,236,636
Decrease in net unrealized gains on investments		(562,545	)		–			–			–			(562,545	)
Transfer of net realized gains on investments to profit or loss, net of realized loss		(38,983	)		–			–			–			(38,983	)
Credit loss of investments recorded against profit or loss, Note 23		(1,909	)		–			–			–			(1,909	)
Change in net unrealized gains on cash flow hedges		–			–			73,263			–			73,263
Transfer of net realized losses on cash flow hedges to profit or loss		–			–			(43,643	)		–			(43,643	)
Foreign exchange translation		–			–			–			45,634			45,634
Balance at December 31, 2018		682,021			–			(3,161	)		29,593			708,453

Disclosure of analysis of other comprehensive income by item [text block]

The consolidated statement of comprehensive income includes other comprehensive income from fair value through other comprehensive income investments under IFRS 9 (available-for-sale investments under IAS 39, at December 31, 2018) and derivatives financial instruments used as cash flow hedges; their movements are as follows:

	2018			2017			2016
	S/(000)			S/(000)			S/(000)
Investments at fair value through other comprehensive income:
Unrealized losses on investments		(583,385	)		–			–
Transfer of realized gains on available-for-sale investments to profit or loss, net of realized losses		(38,983	)		–			–
Transfer of expected losses on investments to profit or loss		(1,909	)		–			–
Sub total		(624,277	)		–			–
Non-controlling interest		(6,397	)		–			–
Income tax		(11,831	)		–			–
		(642,505	)		–			–

Capital instruments
Unrealized gains		20,840			–			–
Non-controlling interest		(37	)		–			–
Income tax		168			–			–
		20,971			–			–

Available-for-sale investments:
Unrealized gains on available-for-sale investments		–			873,868			554,869
Transfer of realized gains on available-for-sale investments to profit or loss, net of realized losses		–			(517,006	)		(75,444	)
Transfer of impairment losses on available-for-sale investments to profit or loss		–			766			14,459
Sub total		–			357,628			493,884
Non-controlling interest		–			4,120			1,799
Income tax		–			13,962			22,975
		–			375,710			518,658

Cash flow hedge:
Net gains (losses) on cash flow hedges		73,263			(59,709	)		(16,724	)
Transfer of net realized losses (gains) on cash flow hedges to profit or loss		(43,643	)		2,278			(3,676	)
Sub total		29,620			(57,431	)		(20,400	)
Non-controlling interest		679			(1,219	)		585
Income tax		10,942			(18,719	)		(2,294	)
		41,241			(77,369	)		(22,109	)

Foreign exchange translation:
Exchange gains or losses		45,634			(54,334	)		(26,448	)
Non-controlling interest		21			107			(123	)
		45,655			(54,227	)		(26,571	)

	2018			2017		2016
	S/(000)			S/(000)		S/(000)
Attributable to:
Credicorp's equity holders		(528,183	)		245,863		447,036
Non-controlling interest		(5,734	)		3,008		2,261
		(533,917	)		248,871		449,297