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Transactions in Soles
 12 Months Ended
Dec. 31, 2018
Disclosure of Transactions in Soles [Abstract]  
Disclosure of effect of changes in foreign exchange rates [text block]
5.
Transactions in Soles
 
Transactions in Soles are completed using exchange rates published by the Superintendent of Banks, Insurance and A.F.P. As of December 31, 2018, the exchange rates for U.S. dollars published by this Institution were US$0.2968 for buying and US$0.2959 for selling (US$0.3088 for buying and US$0.3082 for selling as of December 31, 2017), and have been applied by the Group for the assets and liabilities accounts, respectively.
 
As of December 31, 2018 and 2017, the Group presents the following assets and liabilities originally denominated in Soles by its equivalent in U.S. dollars:
 
 
 
2018
 
 
2017
 
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
11,526
 
 
 
6,233
 
Trade and other receivables
 
 
88,513
 
 
 
154,506
 
Income tax credit
 
 
24,277
 
 
 
24,779
 
Prepaid expenses
 
 
-
 
 
 
1,182
 
 
 
 
124,316
 
 
 
186,700
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Bank loans
 
 
-
 
 
 
(1,215
)
Trade and other payables
 
 
(53,962
)
 
 
(100,860
)
Income tax payable
 
 
(2,080
)
 
 
(7,088
)
Provisions and contingent liability
 
 
(31,282
)
 
 
(35,572
)
 
 
 
(87,324
)
 
 
(144,735
)
Net asset position
 
 
36,992
 
 
 
41,965