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Subsidiaries with material non-controlling interest

12 Months Ended

Dec. 31, 2021

Subsidiaries with material non-controlling interest

Subsidiaries with material non-controlling interest

18.   Subsidiaries with material non-controlling interest

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

​

​	​	​	​	​
​	​	Country of	​	​
​	​	incorporation	​	2021, 2020
​	​	and operation	​	and 2019
​		​		%
​	​	​	​	​
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

​

​	​	​	​	​	​	​
​		2021		2020		2019
​	​	US$(000)	​	US$(000)	​	US$(000)
Accumulated balances of material non-controlling interest:	​	​	​	​	​	​
Sociedad Minera El Brocal S.A.A.		148,792		144,501		161,917
Minera La Zanja S.R.L.		20,064		26,121		33,026
S.M.R.L. Chaupiloma Dos de Cajamarca		1,284		1,648		1,587
Apu Coropuna S.R.L.		65		127		148
​		170,205		172,397		196,678
​	​	​	​	​	​	​
Profit (loss) allocated to material non-controlling interest:	​	​	​	​	​	​
Sociedad Minera El Brocal S.A.A.		4,322		(12,895)		(13,432)
Minera La Zanja S.R.L.		(7,385)		(6,905)		(9,090)
S.M.R.L. Chaupiloma Dos de Cajamarca		4,396		5,201		6,286
Apu Coropuna S.R.L.		(62)		(22)		(14)
Other minor		—		—		(1)
​		1,271		(14,621)		(16,251)

​

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

Statements of financial position as of December 31, 2021:

​

​	​	​	​	​	​	​	​	​
​	​	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		190,658		84,953		4,604		556
Non-current assets		504,173		41,490		323		400
Current liabilities		(158,745)		(25,381)		(1,718)		—
Non-current liabilities		(168,774)		(61,150)		—		(740)
​	​	​	​	​	​	​	​	​
Equity, net		367,312		39,912		3,209		216
​	​	​	​	​	​	​	​	​
Attributable to:	​	​	​	​	​	​	​	​
Shareholders of the Group		218,520		19,848		1,925		151
Non-controlling interests		148,792		20,064		1,284		65
​	​	​	​	​	​	​	​	​
​		367,312		39,912		3,209		216

​

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)
​	​	​	​	​	​	​	​	​
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 profit or loss for the years 2021, 2020 and 2019:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	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 2021 -	​	​	​	​	​	​	​	​	​	​
Revenues		410,390		39,380		15,928		—		—
Profit (loss) for the year		10,562		(10,218)		10,989		(206)		—
Attributable to non-controlling interests		4,322		(7,385)		4,396		(62)		—
​	​	​	​	​	​	​	​	​	​	​
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)

​

Statements of cash flow for the years 2021, 2020 and 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)
​	​	​	​	​	​	​	​	​
Year 2021 -	​	​	​	​	​	​	​	​
Operating activities		104,858		(50,647)		10,838		(1,227)
Investing activities		(37,618)		(998)		—		—
Financing activities		(57,176)		—		(11,900)		—
​	​	​	​	​	​	​	​	​
​		10,064		(51,645)		(1,062)		(1,227)
​	​	​	​	​	​	​	​	​
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

​

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- Definition

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

+ References

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