XML 83 R69.htm IDEA: XBRL DOCUMENT v3.19.1
Investments in associates and joint ventures (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Investments in associates [Line Items]  
Disclosure of interests in associates [text block]
 
(a)
This caption is made up as follows:
 
 
 
Share in equity
 
 
 
 
 
 
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
 
 
%
 
 
%
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Associates
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sociedad Minera Cerro Verde S.A.A.
 
 
19.58
 
 
 
19.58
 
 
 
1,108,284
 
 
 
1,124,008
 
Minera Yanacocha S.R.L.
 
 
43.65
 
 
 
45.95
 
 
 
271,036
 
 
 
324,861
 
Compañía Minera Coimolache S.A.
 
 
40.10
 
 
 
40.10
 
 
 
89,554
 
 
 
86,183
 
 
 
 
 
 
 
 
 
 
 
 
1,468,874
 
 
 
1,535,052
 
Other minor investments
 
 
 
 
 
 
 
 
 
 
1,835
 
 
 
1,835
 
Joint ventures
 
 
 
 
 
 
 
 
 
 
2,673
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,473,382
 
 
 
1,536,887
 
Disclosure of detailed information about the net share in profit loss of associates [Text Block]
 
(b)
The table below presents the net share in profit (loss) of associates:
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
Minera Yanacocha S.R.L.
 
 
(35,582
)
 
 
(76,585
)
 
 
(455,598
)
Sociedad Minera Cerro Verde S.A.A.
 
 
23,444
 
 
 
68,521
 
 
 
66,763
 
Compañía Minera Coimolache S.A.
 
 
10,994
 
 
 
21,271
 
 
 
23,514
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1,144
)
 
 
13,207
 
 
 
(365,321
)
Minera Yanacocha S.R.L. [Member]  
Disclosure of Investments in associates [Line Items]  
Disclosure of detailed information about financial position of associate under equity method [Text Block]
The table below presents key financial data from the financial statements of Yanacocha under IFRS:
 
 
 
2018
 
 
2017
 
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
Statements of financial position as of December 31:
 
 
 
 
 
 
 
 
Current assets
 
 
960,758
 
 
 
1,055,135
 
Non-current assets
 
 
1,086,714
 
 
 
964,260
 
Current liabilities
 
 
(128,170
)
 
 
(123,315
)
Non-current liabilities
 
 
(1,335,579
)
 
 
(1,236,965
)
 
 
 
 
 
 
 
 
 
Shareholders’ equity, reported
 
 
583,723
 
 
 
659,115
 
 
 
 
 
 
 
 
 
 
Groups’ interest
 
 
254,795
 
 
 
302,863
 
Goodwill
 
 
16,241
 
 
 
21,998
 
 
 
 
 
 
 
 
 
 
 
 
 
271,036
 
 
 
324,861
 
Disclosure of detailed information about income statement of associates [Text Block]
 
 
2018
 
 
2017
 
 
2016
 
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
Statements of profit or loss for the years ended December 31:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
 
657,358
 
 
 
645,176
 
 
 
761,193
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss from continued operations
 
 
(81,517
)
 
 
(175,454
)
 
 
(1,043,752
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Share in results
 
 
(35,582
)
 
 
(76,585
)
 
 
(455,598
)
 
Sociedad Minera Cerro Verde S.A.A. [Member]  
Disclosure of Investments in associates [Line Items]  
Disclosure of detailed information about financial position of associate under equity method [Text Block]
The table below presents the key financial data from the financial statements of Cerro Verde under IFRS:
 
 
 
2018
 
 
2017
 
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
Statements of financial position as of December 31:
 
 
 
 
 
 
 
 
Current assets
 
 
1,485,537
 
 
 
1,563,874
 
Non-current assets
 
 
6,069,175
 
 
 
6,127,133
 
Current liabilities
 
 
(408,754
)
 
 
(510,790
)
Non-current liabilities
 
 
(2,037,086
)
 
 
(1,991,055
)
 
 
 
 
 
 
 
 
 
Shareholders’ equity, reported
 
 
5,108,872
 
 
 
5,189,162
 
 
 
 
 
 
 
 
 
 
Group’s interest
 
 
1,000,521
 
 
 
1,016,245
 
Goodwill
 
 
107,763
 
 
 
107,763
 
 
 
 
 
 
 
 
 
 
 
 
 
1,108,284
 
 
 
1,124,008
 
 
Disclosure of detailed information about income statement of associates [Text Block]
 
 
2018
 
 
2017
 
 
2016
 
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
Statements of profit or loss for the years ended December 31:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
 
3,054,026
 
 
 
3,202,931
 
 
 
2,384,154
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income from continued operations
 
 
119,710
 
 
 
349,881
 
 
 
340,907
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share in results
 
 
23,444
 
 
 
68,521
 
 
 
66,763
 
 
Compania Minera Coimolache S.A. [Member]  
Disclosure of Investments in associates [Line Items]  
Disclosure of detailed information about financial position of associate under equity method [Text Block]
The table below presents the key financial data from the financial statements of Coimolache under IFRS:
 
 
 
2018
 
 
2017
 
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
Statements of financial position as of December 31:
 
 
 
 
 
 
 
 
Current assets
 
 
99,887
 
 
 
101,668
 
Non-current assets
 
 
261,782
 
 
 
278,866
 
Current liabilities
 
 
(39,204
)
 
 
(44,411
)
Non-current liabilities
 
 
(86,103
)
 
 
(106,332
)
 
 
 
 
 
 
 
 
 
Shareholders’ equity, reported
 
 
236,362
 
 
 
229,791
 
 
 
 
 
 
 
 
 
 
Adjustments to conform to the accounting policies of the Group
 
 
(13,003
)
 
 
(14,843
)
 
 
 
 
 
 
 
 
 
Shareholders’ equity, adjusted
 
 
223,359
 
 
 
214,948
 
 
 
 
 
 
 
 
 
 
Group’s interest
 
 
89,554
 
 
 
86,183
 
Disclosure of detailed information about income statement of associates [Text Block]
 
 
2018
 
 
2017
 
 
2016
 
 
 
US$(000)
 
 
US$(000)
 
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
Statements of profit or loss for the years ended December 31:
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
 
225,447
 
 
 
203,790
 
 
 
198,873
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income from continued operations
 
 
25,584
 
 
 
50,787
 
 
 
56,856
 
Adjustments to conform to the accounting policies
 
 
1,837
 
 
 
2,265
 
 
 
1,790
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, adjusted
 
 
27,421
 
 
 
53,052
 
 
 
58,646
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share in results
 
 
10,994
 
 
 
21,271
 
 
 
23,514