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v3.23.1

Tax situation (Tables) | 12 Months Ended
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Dec. 31, 2022
Tax situation |
Schedule of income tax years for review by tax authorities | ​
​ | ​ | ​
​ |  | Years open to review by the
Entity |  | Tax Authorities
​ | ​ | ​
Compañía de Minas Buenaventura S.A.A. |  | 2018-2022
Compañía Minera Condesa S.A. |  | 2017-2019,2021,2022
Compañía Minera Colquirrumi S.A. |  | 2017-2022
Consorcio Energético de Huancavelica S.A. |  | 2017-2022
Contacto Corredores de Seguros S.A. |  | 2016-2022
El Molle Verde S.A.C. |  | 2017-2022
Empresa de Generación Huanza S.A. |  | 2017-2022
Inversiones Colquijirca S.A. |  | 2017-2022
Minera La Zanja S.R.L. |  | 2019-2022
Sociedad Minera El Brocal S.A.A. |  | 2017-2022
S.M.R.L. Chaupiloma Dos de Cajamarca |  | 2017-2022
Procesadora Industrial Río Seco S. A. |  | 2017-2019,2021,2022
Apu Coropuna S.R.L. |  | 2017-2022
Cerro Hablador S. A. C. |  | 2017-2022
Minera Azola S. R. L. |  | 2017-2022
Schedule of other assessments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Penalty and |  | ​
Year | ​ | Taxes | ​ | interest | ​ | Total
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
2003 - 2005 |  | 8,684 | ​ | 39,366 | ​ | 48,050
2006 |  | 10,840 | ​ | 51,955 | ​ | 62,795
2007 |  | 11,579 | ​ | 22,102 | ​ | 33,681
2008 |  | 16,906 | ​ | 16,923 | ​ | 33,829
2009 |  | 56,000 | ​ | 51,604 | ​ | 107,604
2010 |  | 53,566 | ​ | 125,047 | ​ | 178,613
2011 |  | 40,802 | ​ | 66,506 | ​ | 107,308
2012 |  | 869 | ​ | 6,917 | ​ | 7,786
2013 |  | 48,402 | ​ | 65,849 | ​ | 114,251
2014 |  | 5,434 | ​ | 724 | ​ | 6,158
2015 |  | 2,986 | ​ | 23,205 | ​ | 26,191
2016 | ​ | 60,041 | ​ | 3,268 | ​ | 63,309
2017 |  | 4,815 | ​ | 2,920 | ​ | 7,735
​ | ​ | 320,924 | ​ | 476,386 | ​ | 797,310
Sociedad Minera Cerro Verde S.A.A |
Tax situation |
Schedule of types of temporary differences, unused tax losses and unused tax credits. | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
Deferred Income tax | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​
Cost of net asset for the construction of the tailing dam |  | 163,975 |  | 139,635 |  | 125,621
Royalty accrual |  | 178 |  | 219 |  | 83,570
Provision for remediation and mine closure |  | 25,348 |  | 22,620 |  | 19,937
Unpaid vacations |  | 10,031 |  | 10,078 |  | 7,015
Provision for mining taxes |  | 5,200 |  | 11,604 |  | 6,124
Development costs | ​ | 37 | ​ | 47 | ​ | 59
Leases |  | 1,867 |  | 709 |  | 931
Other provisions |  | 10,537 |  | 10,381 |  | 10,826
​ |  | 217,173 |  | 195,293 |  | 254,083
Liabilites | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ |  | ​
Property, plant and equipment depreciation |  | 557,626 |  | 529,124 |  | 545,636
Stripping activity asset |  | 80,569 |  | 59,673 |  | 43,187
Embedded derivatives for price adjustment of copper concentrate and cathode | ​ | 34,904 | ​ | 3,865 | ​ | 37,862
Valuation of inventories |  | 28,386 |  | 24,960 |  | 18,479
Debt issuance costs |  | 763 |  | 28 |  | 412
​ |  | 702,248 |  | 617,650 |  | 645,576
Deferred liabilities |  | 485,075 |  | 422,357 |  | 391,493
Supplementary retirement fund | ​ | ​ | ​ | ​ | ​ | ​
Deferred liability |  | 5,716 |  | 4,965 |  | 4,581
​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred income tax liability |  | 490,791 |  | 427,322 |  | 396,074
​
Sociedad Minera El Brocal S.A.A |
Tax situation |
Schedule of income tax provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax | ​ | ​ | ​ | ​ | ​ | ​
Current |  | 350,483 |  | 550,731 |  | 175,870
Deferred |  | 62,718 |  | 30,864 |  | 25,962
​ |  | 413,201 |  | 581,595 |  | 201,832
Mining taxes | ​ | ​ | ​ | ​ | ​ | ​
Current mining royalty and special mining tax |  | 88,224 |  | 144,895 |  | 32,203
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplementary retirement fund | ​ | ​ | ​ | ​ | ​ | ​
Current |  | 6,371 |  | 8,828 |  | 2,568
Deferred |  | 751 |  | 385 |  | 323
​ |  | 7,122 |  | 9,213 |  | 2,891
​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax expense reported in the statements of comprehensive income |  | 508,547 |  | 735,703 |  | 236,926
Schedule of other assessments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Fiscal Year |  | Taxes |  | Penalty and Interest |  | Total
​ |  | US$(000) |  | US$(000) |  | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
2003 – 2005 |  | 8,684 |  | 39,366 |  | 48,050
2006 |  | 10,840 |  | 51,955 |  | 62,795
2007 |  | 11,579 |  | 22,102 |  | 33,681
2008 |  | 16,906 |  | 16,923 |  | 33,829
2009 |  | 56,000 |  | 51,604 |  | 107,604
2010 |  | 53,566 |  | 125,047 |  | 178,613
2011 |  | 40,802 |  | 66,506 |  | 107,308
2012 | ​ | 869 | ​ | 6,917 | ​ | 7,786
2013 | ​ | 48,402 | ​ | 65,849 | ​ | 114,251
2014 | ​ | 5,434 | ​ | 724 | ​ | 6,158
2015 | ​ | 2,986 | ​ | 23,205 | ​ | 26,191
2016 | ​ | 60,041 | ​ | 3,268 | ​ | 63,309
2017 |  | 4,815 |  | 2,920 |  | 7,735
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 320,924 |  | 476,386 |  | 797,310
​
Schedule of reconciliation of income tax rate. | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000) |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Profit before income tax |  | 1,433,900 |  | 1,927,177 |  | 511,470 | ​
Income tax rate |  | 32 | % | 32 | % | 32 | %
Expected income tax expense |  | 458,848 |  | 616,697 |  | 163,670 | ​
Special mining tax and mining royalties | ​ | (31,188) | ​ | (46,366) | ​ | (10,305) | ​
Gain for uncertainty about treatments of income taxes | ​ | (19,667) | ​ | (14,379) | ​ | 1,313 | ​
Non - deductible expenses | ​ | 13,608 | ​ | 14,609 | ​ | 16,925 | ​
Income tax true – ups | ​ | (11,831) | ​ | 6,345 | ​ | 5,292 | ​
Moratorium interest | ​ | (741) | ​ | 1,019 | ​ | 24,652 | ​
Income tax rate change effect on deferred taxes for the change in Peruvian tax law once the current Stability Contract expires |  | 1,117 |  | 840 |  | (2,750) | ​
Other |  | 3,055 |  | 2,830 |  | 3,035 | ​
Current and deferred income tax |  | 413,201 |  | 581,595 |  | 201,832 | ​
Mining taxes |  | 88,224 |  | 144,895 |  | 32,203 | ​
Supplementary retirement fund |  | 7,122 |  | 9,213 |  | 2,891 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 508,547 |  | 735,703 |  | 236,926 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effective income tax |  | 35.47 | % | 38.18 | % | 46.32 | %
​

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