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v3.23.1

Trade and other receivables, net | 12 Months Ended
--- | ---
Dec. 31, 2022
Trade and other receivables, net |
Trade and other receivables, net | 7. Trade and other receivables
| (a) | This caption is made up as follows
​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | US$(000) | ​ | US$(000)
Trade receivables (b) | ​ | ​ | ​ | ​
Domestic clients |  | 127,750 |  | 135,811
Foreign clients |  | 40,229 |  | 31,233
Related entities, note 32(b) |  | 367 |  | 4,626
​ |  | 168,346 |  | 171,670
Allowance for expected credit losses (i) |  | (22,276) |  | (22,276)
​ |  | 146,070 |  | 149,394
Other receivables | ​ | ​ | ​ | ​
Tax claims (c) | ​ | 631,478 | ​ | 601,056
Value added tax credit |  | 52,589 |  | 35,228
Other accounts receivables to third parties |  | 30,175 |  | 28,361
Advances to suppliers | ​ | 14,392 | ​ | 10,921
Tax deposits (e) | ​ | 8,296 | ​ | 12,711
Refund applications of value added tax (g) | ​ | 3,330 | ​ | 2,488
Related entities, note 32(b) |  | 2,842 |  | 2,298
Closed hedging financial instruments receivable, note 34(b) | ​ | 2,506 | ​ | —
Interest receivable |  | 2,305 |  | 2,608
Due from for sales of assets (f) | ​ | 2,119 | ​ | 7,481
Public Works Tax Deduction | ​ | 1,196 | ​ | 1,527
Bank accounts in trust (h) | ​ | 1,092 | ​ | 359
Loans to personnel |  | 629 |  | 460
Loans to third parties | ​ | 365 | ​ | 350
Restricted time deposits (d) | ​ | — | ​ | 29,242
Other |  | 248 |  | 401
​ | ​ | 753,562 | ​ | 735,491
Allowance for expected credit losses (i) |  | (4,106) |  | (8,621)
​ |  | 749,456 |  | 726,870
Total trade and other receivables |  | 895,526 |  | 876,264
​ | ​ | ​ | ​ | ​
Classification by maturity: | ​ | ​ | ​ | ​
Current portion |  | 221,899 |  | 240,432
Non-current portion |  | 673,627 |  | 635,832
Total trade and other receivables |  | 895,526 |  | 876,264
​ | ​ | ​ | ​ | ​
Classification by nature: | ​ | ​ | ​ | ​
Financial receivables |  | 838,411 |  | 837,021
Non-financial receivables |  | 57,115 |  | 39,243
Total trade and other receivables |  | 895,526 |  | 876,264
​ | ​ | ​ | ​ | ​
Classification by measurement: | ​ | ​ | ​ | ​
Trade receivables (not subject to provisional pricing) |  | 16,503 |  | 15,417
Trade receivables (subject to provisional pricing) |  | 129,567 |  | 133,977
Other accounts receivables |  | 749,456 |  | 726,870
Total trade and other receivables |  | 895,526 |  | 876,264
​
| (b) | Trade accounts receivable are denominated in U.S. dollars, are neither due nor impaired (except for those included in the Group’s allowance for expected credit losses, see (i)) do not yield interest and have no specific guarantees.
| (c) | Corresponds to forced payments of tax debts that are in litigation and that, in the opinion of management and its legal advisors, a favorable result should be obtained in the judicial and administrative processes that have been initiated, see note 31(d):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Payment |  | 2022 |  | 2021
Detail |  | Date |  | US$(000) |  | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Buenaventura - |  |  |  |  |  |
Payment of tax debt for fiscal year 2007 - 2008. |  | July 2021 |  | 414,841 |  | 398,548
Payment of tax debt for fiscal year 2010. |  | July 2021 |  | 93,669 |  | 89,733
Payment of tax debt for fiscal year 2009. |  | July 2021 |  | 50,787 |  | 48,654
SUNAT seizure for payment on account from January to December 2009; January and February 2010. |  | December 2019 |  | 31,581 |  | 30,255
Forced payment of part of the tax liability debt for fiscal year 2007. |  | November - December 2020 |  | 18,925 |  | 18,130
SUNAT seizure for payment on account on Income Tax 2007-2008. |  | January 2021 |  | 5,035 |  | 4,823
Payment of tax debt for fiscal year 2017. | ​ | December 2022 | ​ | 2,422 | ​ | —
Payment of the tax liability debt imputed by SUNAT in the IGV inspection process January-December 2014 to benefit from the gradual nature of the fine. |  | November 2020 |  | 1,246 |  | 1,193
Inminsur’s tax liability debt (absorbed by Buenaventura), by the inspection process for the years 1996-1997 and claimed in court. |  | May 2017 |  | 787 |  | 754
Claim payment to OSINERGMIN for the year 2015. | ​ | December 2022 | ​ | 621 | ​ | —
Claim payment to OSINERGMIN for the year 2014. |  | August 2021 |  | 612 |  | 587
Forced payment of part of the tax debt for fiscal year 2010. |  | December 2020 |  | 474 |  | 452
​ |  | ​ |  | 621,000 | ​ | 593,129
El Brocal - |  | ​ |  |  |  |
Forced payment of part of the tax debt for fiscal year 2014. |  | January 2021 |  | 1,278 |  | 1,225
Payment of the fine for the benefit of reducing the fine for fiscal year 2015. |  | January 2020 |  | 262 |  | 251
Payment under protest of the tax liability for fiscal year 2011. |  | June 2014 |  | — |  | 2,096
​ |  | ​ |  | 1,540 | ​ | 3,572
Río Seco - |  | ​ |  |  |  |
Forced payment of part of the VAT tax liability for 2012. | ​ | July to September 2019 | ​ | 3,238 | ​ | 3,162
Forced payment of part of the tax debt for fiscal year 2020. |  | November 2022 |  | 609 |  | —
​ | ​ | ​ | ​ | 3,847 | ​ | 3,162
Huanza - | ​ | ​ | ​ | ​ | ​ | ​
Payment under protest of the tax liability for fiscal year 2014 | ​ | December 2022 | ​ | 1,600 | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
La Zanja - |  | ​ |  |  |  |
SUNAT seizure for income tax for fiscal year 2016 | ​ | October 2022 | ​ | 2,353 | ​ | —
Forced payment of part of the tax debt for fiscal year 2013 - 2015. |  | April 2021 |  | 804 |  | 853
​ |  | ​ |  | 3,157 |  | 853
Chaupiloma - | ​ | ​ | ​ | ​ | ​ | ​
SUNAT seizure for income tax for fiscal year 2011 |  | September 2021 |  | 334 |  | 340
​ |  | ​ |  | 631,478 | ​ | 601,056
​
| (d) | As of December 31, 2021, it corresponded to a restricted time deposit held by Minera La Zanja S.R.L. in favor of Ministry of Energy and Mines for US$29,242,000 to secure current mine closure plans of its mining units and exploration projects that expired on January 12, 2022.
| (e) | Corresponds to deposits held in the Peruvian State bank and that in accordance with the tax law of Peru which only can be used to offset tax obligations that the Group has with the Tax Authorities.
| (f) | As of December 31, 2022, the balance also includes the account receivable related to the sale of mining concessions from the subsidiary Chaupiloma to Yanacocha for US$1.9 million (note 1(e)). During 2022, collections related to the sale amounted to US$6.5 million.
As of December 31, 2021, the account receivable for the sale of assets corresponded mainly to the balance for the sale of Mallay mining unit for US$7.3 million, which were transfer to a third party during May 2022 in exchange for US$6 million. This transaction generated a loss of US$2 million which is presented in “Others, net” caption. As of March 2021, the Company collected US$3.6 million related to the sale of the investment in Buenaventura Ingenieros S.A. for a sale amount of US$7.1 million. The remaining balance was compensated with a credit note. During the first quarter of 2020, US$21.0 million were collected related to the contract for the sale of energy transmission systems in the areas of Huancavelica, Trujillo, Cajamarca, Callalli – Ares and Lorema with Conelsur LT S.A.C. realized on September 5, 2019.
| (g) | Corresponds mainly to current year refunds applications that are pending as of December 31, 2022.
| (h) | Corresponds mainly to collections that are deposited into restricted bank accounts that only can be used for the payment of financial obligations held by the subsidiary Empresa de Generación Huanza S.A. (hereafter “Huanza”), according to the finance lease signed with Banco de Crédito del Perú in 2009. Below is presented the movement:
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance |  | 359 |  | 376 |  | 2,510
Increase |  | 733 |  | — |  | —
Decrease | ​ | — | ​ | (17) | ​ | (2,134)
​ | ​ | ​ | ​ | ​ | ​ | ​
Final balance |  | 1,092 |  | 359 |  | 376
​
| (i) | Below is presented the movement in the allowance for expected credit losses:
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance |  | 30,897 |  | 31,845 |  | 32,022
​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for other receivables, note 28(a) |  | 253 |  | 409 |  | 4
Provision for trade receivables, note 25 |  | — |  | — |  | 126
Provision of the year |  | 253 |  | 409 |  | 130
Foreign exchange difference | ​ | (59) | ​ | (197) | ​ | (307)
Write off during the year |  | (4,709) |  | (1,160) |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Final balance |  | 26,382 |  | 30,897 |  | 31,845
​ | ​ | ​ | ​ | ​ | ​ | ​
Trade receivables |  | 22,276 |  | 22,276 |  | 22,128
Other receivables |  | 4,106 |  | 8,621 |  | 9,717
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 26,382 |  | 30,897 |  | 31,845
​ The allowance for expected credit losses of other receivables is related to accounts receivable from third parties. There is no allowance for expected credit losses of related parties’ accounts as they are expected to be fully recoverable. In the opinion of the Group’s management, the balance of the allowance for expected credit losses is sufficient to cover adequately the risks of non-payment as of the consolidated statement of financial position.

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