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Subsidiaries with material non-controlling interest

12 Months Ended

Dec. 31, 2020

Subsidiaries with material non-controlling interest

Subsidiaries with material non-controlling interest

18.   Subsidiaries with material non-controlling interest

(a) Financial information of main subsidiaries that have material non-controlling interest are provided below:

		Country of
		incorporation		2020, 2019
		and operation		and 2018
				%
Equity interest held by non-controlling interests:
Sociedad Minera El Brocal S.A.A.		Peru		38.57
S.M.R.L. Chaupiloma Dos de Cajamarca		Peru		40.00
Minera La Zanja S.R.L.		Peru		46.94
Apu Coropuna S.R.L.		Peru		30.00

		2020		2019		2018
		US$(000)		US$(000)		US$(000)
Accumulated balances of material non-controlling interest:
Sociedad Minera El Brocal S.A.A.		144,501		161,917		176,978
Minera La Zanja S.R.L.		26,121		33,026		42,295
S.M.R.L. Chaupiloma Dos de Cajamarca		1,648		1,587		1,800
Apu Coropuna S.R.L.		127		148		164
		172,397		196,678		221,237
Profit (loss) allocated to material non-controlling interest:
Sociedad Minera El Brocal S.A.A.		(12,895)		(13,432)		2,880
Minera La Zanja S.R.L.		(6,905)		(9,090)		(6,346)
Apu Coropuna S.R.L.		(22)		(14)		(410)
S.M.R.L. Chaupiloma Dos de Cajamarca		5,201		6,286		5,667
Other minor		—		(1)		—
		(14,621)		(16,251)		1,791

(b) The summarized financial information of these subsidiaries, before inter-company eliminations, is presented below:

Statements of financial position as of December 31, 2020:

		Sociedad				S.M.R.L.
		Minera El		Minera		Chaupiloma		Apu
		Brocal		La Zanja		Dos de		Coropuna
		S.A.A.		S.R.L.		Cajamarca		S.R.L.
		US$(000)		US$(000)		US$(000)		US$(000)
Current assets		166,396		104,076		6,814		2,064
Non-current assets		553,754		30,486		—		169
Current liabilities		(170,896)		(22,329)		(2,694)		(1,071)
Non-current liabilities		(195,809)		(56,587)		—		(740)
Shareholders’ equity, net		353,445		55,646		4,120		422
Attributable to:
Shareholders of the Group		208,944		29,525		2,472		295
Non-controlling interests		144,501		26,121		1,648		127
		353,445		55,646		4,120		422

Statements of financial position as of December 31, 2019:

		Sociedad				S.M.R.L.
		Minera El		Minera		Chaupiloma		Apu
		Brocal		La Zanja		Dos de		Coropuna
		S.A.A.		S.R.L.		Cajamarca		S.R.L.
		US$(000)		US$(000)		US$(000)		US$(000)
Current assets		149,945		112,420		6,252		2,141
Non-current assets		576,028		26,038		—		185
Current liabilities		(118,965)		(20,170)		(2,286)		(1,094)
Non-current liabilities		(210,904)		(47,930)		—		(740)
Shareholders’ equity, net		396,104		70,358		3,966		492
Attributable to:
Shareholders of the Group		234,187		37,332		2,379		344
Non-controlling interests		161,917		33,026		1,587		148
		396,104		70,358		3,966		492

Statements of profit or loss for the years 2020, 2019 and 2018:

		Sociedad				S.M.R.L.
		Minera El		Minera		Chaupiloma		Apu
		Brocal		La Zanja		Dos de		Coropuna		Other
		S.A.A.		S.R.L.		Cajamarca		S.R.L.		minor
		US$(000)		US$(000)		US$(000)		US$(000)		US$(000)
Year 2020 -
Revenues		255,275		33,033		18,638		—		—
Profit (loss) for the year		(31,541)		(14,712)		13,004		(44)		—
Attributable to non-controlling interests		(12,895)		(6,905)		5,201		(22)		—
Year 2019 -
Revenues		299,252		43,520		22,297		—		—
Profit (loss) for the year		(32,855)		(19,364)		15,715		(48)		(17)
Attributable to non-controlling interests		(13,432)		(9,090)		6,286		(14)		(1)
Year 2018 -
Revenues		332,298		96,611		20,385		—		—
Profit (loss) for the year		6,305		(13,519)		14,168		(1,369)		—
Attributable to non-controlling interests		2,880		(6,346)		5,667		(410)		—

Statements of cash flow for the years 2020, 2019 and 2018:

		Sociedad				S.M.R.L.
		Minera El		Minera		Chaupiloma		Apu
		Brocal		La Zanja		Dos de		Coropuna
		S.A.A.		S.R.L.		Cajamarca		S.R.L.
		US$(000)		US$(000)		US$(000)		US$(000)
Year 2020 -
Operating activities		53,304		(5,751)		13,738		(74)
Investing activities		(24,699)		(825)		—		—
Financing activities		(1,954)		—		(12,850)		—
		26,651		(6,576)		888		(74)
Year 2019 -
Operating activities		1,545		(908)		16,040		—
Investing activities		(28,259)		(1,629)		—		—
Financing activities		(405)		(763)		(16,250)		1,032
		(27,119)		(3,300)		(210)		1,032
Year 2018 -
Operating activities		74,985		10,323		14,066		(572)
Investing activities		(29,546)		(13,160)		—		—
Financing activities		(29,974)		—		(13,900)		—
		15,465		(2,837)		166		(572)

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- Definition

The disclosure of subsidiaries. [Refer: Subsidiaries [member]]

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