XML 138 R59.htm IDEA: XBRL DOCUMENT
v3.20.1

EQUITY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
EQUITY |
Schedule of treasury shares | We present below the stocks of Credicorp Ltd., that the entities of the Group maintain at December 31, 2019, 2018 and 2017:
|  | Number of shares
|  | Shares of |  | Shared-based |  |
At December 31, 2019 |  | the Group |  | payment (*) |  | Total
Atlantic Security Holding Corporation |  | 14,620,846 |  | — |  | 14,620,846
BCP |  | — |  | 134,169 |  | 134,169
Pacífico Seguros |  | — |  | 29,539 |  | 29,539
Credicorp Perú |  | — |  | 21,695 |  | 21,695
Credicorp Capital Servicios Financieros |  | — |  | 13,830 |  | 13,830
Other minors |  | 4,387 |  | 47,698 |  | 52,085
|  | 14,625,233 |  | 246,931 |  | 14,872,164
|  | Number of shares
|  |  |  | Shared- |  |
|  | Shares of |  | based |  |
At December 31, 2018 |  | the Group |  | payment (*) |  | Total
Atlantic Security Holding Corporation |  | 14,620,846 |  | — |  | 14,620,846
BCP |  | — |  | 162,286 |  | 162,286
Pacífico Seguros |  | — |  | 33,794 |  | 33,794
Credicorp Perú |  | — |  | 13,113 |  | 13,113
Credicorp Capital Servicios Financieros |  | — |  | 8,546 |  | 8,546
Other minors |  | 1,880 |  | 42,809 |  | 44,689
|  | 14,622,726 |  | 260,548 |  | 14,883,274
|  | Number of shares
|  |  |  | Shared- |  |
|  | Shares of |  | based |  |
At December 31, 2017 |  | the Group |  | payment (*) |  | Total
Atlantic Security Holding Corporation |  | 14,620,846 |  | — |  | 14,620,846
BCP |  | — |  | 194,177 |  | 194,177
Pacífico Seguros |  | — |  | 36,581 |  | 36,581
Credicorp Capital Ltd. |  | — |  | 20,752 |  | 20,752
Other minors |  | 5,151 |  | 24,501 |  | 29,652
|  | 14,625,997 |  | 276,011 |  | 14,902,008
(*) Corresponds to treasury stock that were granted to employees and senior management, for which they have the right to vote. These stocks are not vested at said dates, see Note 20.
Schedule of reserves within equity | “Other reserves” include unrealized gains (losses) on fair value of investments through other comprehensive income (available-for-sale investments under IAS 39, at December 31, 2017) and on cash flow hedges derivative instruments, net of deferred income tax and non-controlling interest. Movement was as follows:
|  | Other reserves:
|  | Instruments |  |  |  |  |  |  |  |  |  |  |  |
|  | that will not be |  |  |  |  |  |  |  |  |  |  |  |
|  | reclassifed to |  |  |  |  |  |  |  |  |  |  |  |
|  | profit or loss |  | Instruments that will be reclassified to consolidated statement of income |  |
|  |  |  |  |  | Reserve for |  |  |  |  |  | Foreign |  |
|  | Equity |  | Debt |  | available-for- |  | Reserve for |  |  |  | currency |  |
|  | instruments at |  | instruments at |  | sale |  | cash flow |  | Insurance |  | translation |  |
|  | fair value |  | fair value |  | investments |  | hedges |  | reserves |  | reserve |  | Total
|  | S/(000) |  | S/(000) |  | S/(000) |  | S/(000) |  | S/(000) |  | S/(000) |  | S/(000)
Balance at January 1, 2017 |  | — |  | — |  | 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 |  | — |  | — |  | (517,006) |  | — |  | — |  | — |  | (517,006)
Transfer of the recovery of the impairment loss on investments to profit or loss, Note 24 |  | — |  | — |  | 766 |  | — |  | — |  | — |  | 766
Change in net unrealized losses on cash flow hedges derivatives |  | — |  | — |  | — |  | (59,709) |  | — |  | — |  | (59,709)
Transfer of net realized losses on cash flow hedges derivatives 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)(vii) |  | 431,711 |  | 853,747 |  | (1,504,416) |  | — |  | — |  | — |  | (218,958)
Balance at December 31, 2017 - Restated |  | 431,711 |  | 853,747 |  | — |  | (32,781) |  | — |  | (16,041) |  | 1,236,636
Increase (decrease) in net unrealized gains on investments |  | 20,840 |  | (583,385) |  | — |  | — |  | — |  | — |  | (562,545)
Transfer of net realized gains on investments to profit or loss |  | — |  | (38,983) |  | — |  | — |  | — |  | — |  | (38,983)
Transfer of the impairment credit loss on investments to profit or loss, Note 24 |  | — |  | (1,909) |  | — |  | — |  | — |  | — |  | (1,909)
Change in net unrealized gain on cash flow hedges derivatives |  | — |  | — |  | — |  | 73,263 |  | — |  | — |  | 73,263
Transfer of net realized gain on cash flow hedges derivatives to profit or loss |  | — |  | — |  | — |  | (43,643) |  | — |  | — |  | (43,643)
Foreign exchange translation |  | — |  | — |  | — |  | — |  | — |  | 45,634 |  | 45,634
Balance at December 31, 2018 |  | 452,551 |  | 229,470 |  | — |  | (3,161) |  | — |  | 29,593 |  | 708,453
Increase in net unrealized gains on investments |  | 97,514 |  | 606,276 |  | — |  | — |  | — |  | — |  | 703,790
Transfer of net realized loss on investments to profit or loss |  | — |  | 420,987 |  | — |  | — |  | — |  | — |  | 420,987
Transfer of recovery of credit loss of investments to profit or loss, Note 24 |  | — |  | (745) |  | — |  | — |  | — |  | — |  | (745)
Change in net unrealized loss on cash flow hedges derivatives |  | — |  | — |  | — |  | (62,002) |  | — |  | — |  | (62,002)
Transfer of net realized losses on cash flow hedges derivatives to profit or loss |  | — |  | — |  | — |  | 35,059 |  | — |  | — |  | 35,059
Other reserves |  | — |  | — |  | — |  | — |  | (658,491) |  | — |  | (658,491)
Foreign exchange translation |  | — |  | — |  | — |  | — |  | — |  | (58,862) |  | (58,862)
Balance at December 31, 2019 |  | 550,065 |  | 1,255,988 |  | — |  | (30,104) |  | (658,491) |  | (29,269) |  | 1,088,189
Schedule of analysis of other comprehensive income | The movement of the item is as follows:
|  | 2019 |  | 2018 |  | 2017
|  | S/(000) |  | S/(000) |  | S/(000)
To be reclassified to the consolidated statement of income in later periods |  |  |  |  |  |
Net unrealized (gain) loss |  | 606,276 |  | (583,385) |  | —
Transfer of net realized loss (gain) to profit or loss |  | 420,987 |  | (38,983) |  | —
Transfer of recovery of credit loss to profit or loss |  | (745) |  | (1,909) |  | —
Sub total |  | 1,026,518 |  | (624,277) |  | —
Non-controlling interest |  | 16,082 |  | (6,397) |  | —
Income tax |  | 22,259 |  | (11,831) |  | —
|  | 1,064,859 |  | (642,505) |  | —
Available-for-sale investments: |  |  |  |  |  |
Net unrealized gain |  | — |  | — |  | 873,868
Transfer of net realized gain to profit or loss |  | — |  | — |  | (517,006)
Transfer of impairment loss to profit or loss |  | — |  | — |  | 766
Sub total |  | — |  | — |  | 357,628
Non-controlling interest |  | — |  | — |  | 4,120
Income tax |  | — |  | — |  | 13,962
|  | — |  | — |  | 375,710
Cash flow hedge: |  |  |  |  |  |
Net (losses) gains on cash flow hedges |  | (62,002) |  | 73,263 |  | (59,709)
Transfer of net realized losses (gains) on cash flow hedges derivatives to profit or loss |  | 35,059 |  | (43,643) |  | 2,278
Sub total |  | (26,943) |  | 29,620 |  | (57,431)
Non-controlling interest |  | (618) |  | 679 |  | (1,219)
Income tax |  | (10,290) |  | 10,942 |  | (18,719)
|  | (37,851) |  | 41,241 |  | (77,369)
Other reserves: |  |  |  |  |  |
Insurances reserves |  | (658,491) |  | — |  | —
Non-controlling interest |  | (8,065) |  | — |  | —
|  | (666,556) |  | — |  | —
Foreign exchange traslation: |  |  |  |  |  |
Exchange gains or losses |  | (58,862) |  | 45,634 |  | (54,334)
Non-controlling interest |  | 539 |  | 21 |  | 107
|  | (58,323) |  | 45,655 |  | (54,227)
|  | 2019 |  | 2018 |  | 2017
|  | S/(000) |  | S/(000) |  | S/(000)
Not to be reclassified to the consolidated statement of income in later periods: |  |  |  |  |  |
Equity instruments at fair value through other comprehensive income - |  |  |  |  |  |
Net unrealized gains |  | 97,514 |  | 20,840 |  | —
Non-controlling interest |  | (3) |  | (37) |  | —
Income tax |  | (5,999) |  | 168 |  | —
|  | 91,512 |  | 20,971 |  | —
|  | 2019 |  | 2018 |  | 2017
|  | S/(000) |  | S/(000) |  | S/(000)
Attributable to: |  |  |  |  |  |
Credicorp's equity holders |  | 379,736 |  | (528,183) |  | 245,863
Non-controlling interest |  | 7,935 |  | (5,734) |  | 3,008
|  | 387,671 |  | (533,917) |  | 248,871
Schedule of distribution of dividends | The chart below shows the distribution of dividends agreed by the Board of Directors:
|  | 2019 |  | 2018 |  | 2017
Date of Meeting - Board of Directors |  | 27.02.2019 |  | 28.02.2018 |  | 22.02.2017
Dividends distribution, net of treasury shares effect |  | 1,595,229 |  | 1,130,427 |  | 979,989
Payment of dividends per share (in soles) |  | 20.0000 |  | 14.1726 |  | 12.2865
Date of dividends payout |  | 10.05.2019 |  | 11.05.2018 |  | 12.05.2017
Exchange rate published by the SBS |  | 3.3150 |  | 3.2929 |  | 3.2873
Dividends payout (equivalent in thousands of US$) |  | 481,215 |  | 343,292 |  | 298,114

X
- References No definition available. + Details
Name: | bap_DisclosureOfEquityAbstract
Namespace Prefix: | bap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of the analysis of other comprehensive income by item. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 106A -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_106A&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfDividendsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reserves within equity. [Refer: Other reserves [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 79 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_79_b&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of treasury shares. [Refer: Treasury shares] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfTreasurySharesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration