Trade and other payables

12 Months Ended

Dec. 31, 2018

Disclosure of Trade and other payables [Line Items]

Disclosure of trade and other payables [text block]

14.

Trade and other payables

(a)

This caption is made up as follows:

	2018		2017
	US$(000)		US$(000)

Trade payables (b)
Domestic suppliers		154,998		194,742
Related entities, note 30(b)		36		15
		155,034		194,757
Other payables
Remuneration and similar benefits payable		10,531		11,585
Taxes payable		9,102		9,405
Interest payable		7,464		7,152
Royalties payable to the Peruvian State		2,171		4,571
Dividends payable (c)		663		730
Related entities, note 30(b)		20		62
Other liabilities		3,738		5,756
		33,689		39,261

Total trade and other payables		188,723		234,018

Classification by maturity:
Current portion		188,084		233,355
Non-current portion		639		663

Total trade and other payables		188,723		234,018

Classification by nature:
Financial payables		177,450		220,042
Non-financial payables		11,273		13,976
Total trade and other payables		188,723		234,018

(b)

Trade payables arise mainly from the acquisition of material, supplies and spare parts and services provided by third parties. These obligations have current maturities, accrue no interest and are not secured.

(c)

The movement of dividends payable is presented below:

	2018			2017			2016
	US$(000)			US$(000)			US$(000)

Beginning balance		730			1,018			1,044
Declared dividends to controlling shareholders, note 17(d)		22,860			22,099			7,621
Dividends paid to controlling shareholders		(22,860	)		(22,099	)		(7,621	)
Declared dividends to non-controlling shareholders		5,560			6,036			7,400
Dividends paid to non-controlling shareholders		(5,560	)		(6,036	)		(7,400	)
Expired dividends		(44	)		(327	)		(30	)
Other minor		(23	)		39			4

Final balance		663			730			1,018

Minera Yanacocha SRL and subsidiary [Member]

Disclosure of Trade and other payables [Line Items]

Disclosure of trade and other payables [text block]

11.

Trade and other payables

(a)

This caption is made up as follows:

	2018		2017
	US$(000)		US$(000)

Trade payables (b)
Domestic suppliers		48,847		43,108
Related entities, note 22		10,846		9,962
		59,693		53,070

Other payables
Remuneration and similar benefits payable		22,907		27,419
Royalties payable to the Peruvian State		136		726
Taxes payable		4,280		2,605
		27,323		30,750

		87,016		83,820

(b)

Trade payables arise mainly from the acquisition of materials, supplies and spare parts and services provided by third parties. These obligations have current maturities, accrue no interest, are not secured and are mostly denominated in U.S. dollars.

Sociedad Minera Cerro Verde S.A.A. [Member]

Disclosure of Trade and other payables [Line Items]

Disclosure of trade and other payables [text block]

Trade accounts payable

Trade accounts payable are primarily originated by the acquisition of materials, supplies, services and spare parts. These obligations are primarily denominated in US dollars, have current maturities and do not accrue interest. No guarantees have been granted. As of December 31, 2018, trade accounts payable includes US$42.4 million related to capital projects (US$33.7 million as of December 31, 2017).