Credit (debit) to

consolidated

Credit (debit) to

discontinued

consolidated

As of

consolidated

statements of other

As of

consolidated

operations (note

statements of other

As of

January 1,

statement of profit

comprehensive

December 31,

statement of profit

1(e))

comprehensive

December 31,

2020

or loss

income

2020

or loss

income

2021

US$(000)

Deferred asset for income tax

Tax - loss carryforwards

131,328

27,185

—

158,513

28,368

—

186,881

Difference in depreciation and amortization rates

61,287

2,616

—

63,903

(11,406)

—

52,497

Provision for closure of mining units, net

15,513

(1,313)

—

14,200

16,151

—

30,351

Provision for impairment of value of inventory

7,494

(195)

—

7,299

1,709

—

9,008

Provision for bonuses to employees and officers

5,672

(594)

—

5,078

618

—

5,696

Contractors claims provisions

—

1,678

—

1,678

3,558

—

5,236

Contingent consideration liability

4,841

1,671

—

6,512

(1,285)

—

5,227

Impairment loss of long-lived assets provision

8,048

(6,118)

—

1,930

—

1,930

Provision for sale of investment in associate Yanacocha

—

50,444

—

50,444

Other

3,496

(877)

—

2,619

6,946

—

9,565

237,679

24,053

—

261,732

44,659

50,444

—

356,835

Derivative financial instruments

—

5,440

—

(3,382)

2,058

237,679

24,053

5,440

267,172

44,659

50,444

(3,382)

358,893

Deferred assets for mining royalties and special mining tax

30

(30)

—

Total deferred asset

237,709

24,023

5,440

267,172

44,659

50,444

(3,382)

358,893

Deferred liability for income tax

Effect of translation into U.S. dollars

(46,276)

(31,853)

—

(78,129)

(895)

(9,030)

—

(88,054)

Differences in amortization rates for development costs

(69,345)

4,509

—

(64,836)

558

—

(64,278)

Difference in depreciation and amortization rates

(44,007)

(3,028)

—

(47,035)

(2,078)

—

(49,113)

Fair value of mining concessions

(12,983)

(1,915)

—

(14,898)

—

(14,898)

Other

(19,333)

(7,036)

—

(26,369)

1,707

—

(24,662)

(191,944)

(39,323)

—

(231,267)

(708)

(9,030)

—

(241,005)

Deferred liability for mining royalties and special mining tax

(168)

(206)

—

(374)

95

—

(279)

Total deferred liability

(192,112)

(39,529)

—

(231,641)

(613)

(9,030)

—

(241,284)

Deferred income tax asset, net

45,597

(15,506)

5,440

35,531

44,046

41,414

(3,382)

117,609