Transactions in soles

12 Months Ended

Dec. 31, 2019

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, 2019, the exchange rates for U.S. dollars published by this Institution were US$0.3020 for buying and US$0.3015 for selling (US$0.2968 for buying and US$0.2959 for selling as of December 31, 2018), and have been applied by the Group for the assets and liabilities accounts, respectively.

As of December 31, 2019 and 2018, the Group presents the following assets and liabilities originally denominated in soles by its equivalent in U.S. dollars:


	2019	2018
	US$(000)	US$(000)

Assets
Cash and cash equivalents	6,796	11,526
Trade and other receivables	139,624	88,513
Income tax credit	31,960	24,277
	178,380	124,316

Liabilities
Trade and other payables	(60,311)	(53,962)
Income tax payable	(5,692)	(2,080)
Provisions, contingent liabilities and other liabilities	(41,515)	(31,282)
	(107,518)	(87,324)
Net asset position	70,862	36,992