XML 84 R62.htm IDEA: XBRL DOCUMENT v3.23.1

Investments in associates and joint venture (Tables)

12 Months Ended

Dec. 31, 2022

Investments in associates and joint ventures

Schedule of interests in associates and joint ventures

(a) This caption is made up as follows:

​

​	​	​	​	​	​	​	​	​
​	​	Share in equity			​	​	​	​
​		2022		2021		2022		2021
​	​	%	​	%	​	US$(000)	​	US$(000)
​	​	​	​	​	​	​	​	​
Associates	​	​	​	​	​	​	​	​
Sociedad Minera Cerro Verde S.A.A.		19.58		19.58		1,408,260		1,305,377
Compañía Minera Coimolache S.A.		40.10		40.10		98,388		101,683
Tinka Resources Ltd.	​	19.32	​	19.30		10,678		11,573
​	​	​	​	​	​	1,517,326	​	1,418,633
Joint venture (d)	​	​	​	​		2,486		2,497
Other minor investments	​	​	​	​		1,165		1,165
​	​	​	​	​		1,520,977		1,422,295

​

Schedule of net share in profit (loss) of investments

(b) The table below presents the net share in profit (loss) of investments:

​

​	​	​	​	​	​	​
​		2022		2021		2020
​	​	US$(000)	​	US$(000)	​	US$(000)
Associates	​	​	​	​	​	​
Sociedad Minera Cerro Verde S.A.A.		181,221		233,342		53,767
Compañía Minera Coimolache S.A.		(2,493)		8,170		10,055
Tinka Resources Ltd.	​	(2,447)	​	(1,098)	​	(868)
​	​	176,281	​	240,414	​	62,954
Joint venture	​	(11)	​	36	​	(252)
​		176,270		240,450		62,702

​

Schedule of financial position of associate under equity method

The table below presents the key financial data from the joint venture under IFRS:

​

​	​	​	​	​
​		2022		2021
​	​	US$(000)	​	US$(000)
​	​	​	​	​
Statements of financial position as of December 31:	​	​	​	​
Current assets		14,760		19,898
Non-current assets		77,435		87,634
Current liabilities		(17,608)		(14,403)
Non-current liabilities		(53,768)		(72,444)
Equity	​	20,819	​	20,685
​	​	​	​	​
Adjustments to conform to the Group accounting policies	​	10,256	​	10,528
​	​	​	​	​
Equity, adjusted	​	31,075	​	31,213
​	​	​	​	​
Group’s share in results	​	2,486	​	2,497

​

​	​	​	​	​	​	​
​	​	2022		2021		2020
​		US$(000)		US$(000)		US$(000)
Statements of profit or loss for the years ended December 31:
​	​	​	​	​	​	​
Revenue		27,538		22,937		18,560
​	​	​	​	​	​	​
Net profit (loss) from continuing operations		322		191		(2,554)
Adjustments to conform to the Group accounting policies		(459)		259		(596)
Net profit (loss), adjusted		(137)		450		(3,150)
Group interests		(11)		36		(252)

​

Summary of changes in investments in associates and joint venture

​

​	​	​	​	​
​	​	2022		2021
​		US$(000)		US$(000)
​	​	​	​	​
As of January 1,		1,422,295		1,488,775
Net share in profit of associates and joint venture		176,270		240,450
Equity contributions granted and paid, note 32(a)		1,677		—
Dividends declared and collected, note 32(a)		(79,140)		(148,411)
Unrealized results on investments		(101)		(335)
Reclassification of share of the year in losses of Yanacocha to discontinued operations, note 1(e)		—		(422,394)
Reclassification to held for sale of the investment in Yanacocha, note 1(e)		—		264,838
Equity reduction of minor investments		—		(580)
Translation adjustments and other		(24)		(48)
As of December 31,		1,520,977		1,422,295

Sociedads Minera Cerro Verde S.A.A.

Investments in associates and joint ventures

Schedule of net share in profit (loss) of investments

​

​	​	​	​	​
​		2022		2021
​	​	US$(000)	​	US$(000)
​	​	​	​	​
Statements of financial position as of December 31:	​	​	​	​
Current assets		1,946,762		2,157,182
Non-current assets		6,047,101		5,967,382
Current liabilities		(564,058)		(1,252,095)
Non-current liabilities		(778,378)		(745,463)
​	​	​	​	​
Equity		6,651,427		6,127,006
​	​	​	​	​
Group’s interest	​	1,300,497	​	1,197,614
Goodwill	​	107,763	​	107,763
​	​	1,408,260	​	1,305,377
​		​		​

​

Schedule of financial position of associate under equity method

The table below presents the key financial data from the financial statements of Cerro Verde under IFRS:

​

​	​	​	​	​
​		2022		2021
​	​	US$(000)	​	US$(000)
​	​	​	​	​
Statements of financial position as of December 31:	​	​	​	​
Current assets		1,946,762		2,157,182
Non-current assets		6,047,101		5,967,382
Current liabilities		(564,058)		(1,252,095)
Non-current liabilities		(778,378)		(745,463)
​	​	​	​	​
Equity		6,651,427		6,127,006
​	​	​	​	​
Group’s interest	​	1,300,497	​	1,197,614
Goodwill	​	107,763	​	107,763
​	​	1,408,260	​	1,305,377
​		​		​

​

Compania Minera Coimolache S.A.

Investments in associates and joint ventures

Schedule of net share in profit (loss) of investments

​

​	​	​	​	​	​	​
​		2022		2021		2020
​	​	US$(000)	​	US$(000)	​	US$(000)
​	​	​	​	​	​	​
Statements of profit or loss for the years ended December 31:	​	​	​	​	​	​
Sales of goods		159,003		215,481		203,163
​	​	​	​	​	​	​
Net profit (loss) from continued operations		(8,368)		18,294		22,786
Adjustments to conform to the accounting policies		2,150		2,083		2,293
​	​	​	​	​	​	​
Net profit (loss), adjusted		(6,218)		20,377		25,079
​	​	​	​	​	​	​
Group’s share in results		(2,493)		8,170		10,055

​

Schedule of financial position of associate under equity method

The table below presents the key financial data from the financial statements of Coimolache under IFRS:

​

​	​	​	​	​
​		2022		2021
​	​	US$(000)	​	US$(000)
​	​	​	​	​
Statements of financial position as of December 31:	​	​	​	​
Current assets		208,382		216,581
Non-current assets		157,203		184,635
Current liabilities		(21,565)		(36,521)
Non-current liabilities		(95,822)		(106,129)
​	​	​	​	​
Equity		248,198		258,566
​	​	​	​	​
Adjustments to conform to the accounting policies of the Group		(2,804)		(4,954)
​	​	​	​	​
Equity, adjusted		245,394		253,612
​	​	​	​	​
Group’s interest		98,388		101,683

Tinka resources Ltd

Investments in associates and joint ventures

Schedule of financial position of associate under equity method

The table below presents the key financial data from the financial statements of Tinka under IFRS in 2022 (financial statements as of September 30, 2022) and in 2021 and 2020 (financial statements as of November 30, 2021 and 2020, respectively):

​

​	​	​	​	​
​		2022		2021
​	​	US$(000)	​	US$(000)
Statements of financial position:		​	​
Current assets		13,007	​	8,667
Non-current assets		50,454	​	50,461
Current liabilities		(473)	​	(211)
Equity		62,988	​	58,917
​	​	​	​	​
Adjustments to conform to the accounting policies of the Group		(7,719)	​	1,042
​	​	​	​	​
Equity, adjusted		55,269	​	59,959
​	​	​	​	​
Group’s interest		10,678	​	11,573

Schedule of statements of profit or loss

​

​	​	​	​	​	​	​
​		2022		2021	​	2020
​	​	US$(000)	​	US$(000)	​	US$(000)
Statements of profit or loss for the years:		​	​	​	​
Sales of goods		—	​	—	​	—
​	​	​	​	​	​	​
Net loss from continued operations		(4,383)	​	(1,109)	​	(2,311)
Adjustments to conform to the Group accounting policies		(8,283)	​	(4,583)	​	(2,189)
​	​	​	​	​	​	​
Net loss, adjusted		(12,666)	​	(5,692)	​	(4,500)
​	​	​	​	​	​	​
Group’s share in results		(2,447)	​	(1,098)	​	(868)

​

X

- Definition

The tabular disclosure of changes in investments in associates and joint venture.

+ References

No definition available.

+ Details

Name:	bvn_ChangesInInvestmentsInAssociatesAndJointVentureTableTextBlock
Namespace Prefix:	bvn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about financial position of associate under equity method.

+ References

No definition available.

+ Details

Name:	bvn_DisclosureOfDetailedInformationAboutFinancialPositionOfAssociateUnderEquityMethodTextBlock
Namespace Prefix:	bvn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about income statement of associates.

+ References

No definition available.

+ Details

Name:	bvn_DisclosureOfDetailedInformationAboutIncomeStatementOfAssociatesTextBlock
Namespace Prefix:	bvn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about the net share in profit (loss) of associates.

+ References

No definition available.

+ Details

Name:	bvn_DisclosureOfDetailedInformationAboutNetShareInProfitLossOfAssociatesTextBlock
Namespace Prefix:	bvn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Investments in associates and joint ventures

+ References

No definition available.

+ Details

Name:	bvn_DisclosureOfInvestmentsInAssociatesLineItems
Namespace Prefix:	bvn_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of interests in associates. [Refer: Associates [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2022-03-24
-Paragraph 2
-Subparagraph b
-Clause ii
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_2_b_ii&doctype=Standard
-URIDate 2022-03-24

+ Details

Name:	ifrs-full_DisclosureOfInterestsInAssociatesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ifrs-full_SignificantInvestmentsInAssociatesAxis=bvn_SociedadsMinerasCerroVerdeSaaMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_SignificantInvestmentsInAssociatesAxis=bvn_CompaniaMineraCoimolacheSaMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_SignificantInvestmentsInAssociatesAxis=bvn_TinkaResourcesLtdMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: