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Transactions in soles

12 Months Ended

Dec. 31, 2023

Transactions in soles

Transactions in soles

5. Transactions in soles

Transactions in soles are completed using exchange rates published by the Superintendent of Banks, Insurance and A.F.P. As of December 31, 2023, the exchange rates for U.S. dollars published by this Institution were US$0.2699 for buying and US$0.2693 for selling (US$0.2626 for buying and US$0.2618 for selling as of December 31, 2022) and have been applied by the Group for the assets and liabilities accounts, respectively.

As of December 31, 2023, and 2022, the Group presents the following assets and liabilities originally denominated in soles by its equivalent in U. S. dollars:


		2023		2022
		US$(000)		US$(000)

Assets
Cash and cash equivalents		12,124		8,822
Trade and other receivables		749,980		731,367
Income tax credit		16,985		28,046
		779,089		768,235

Liabilities
Trade and other payables		(94,487)		(84,552)
Provisions		(16,085)		(25,336)
Income tax payable		(6,186)		(2,365)
		(116,758)		(112,253)
Net asset position		662,331		655,982

For the year-ended December 31, 2023, the Group recognized a gain for exchange rate of approximately US$19,375,000 (gain in exchange rate of US$26,871,000 for the year ended December 31, 2022, and an exchange rate loss for US$18,686,000 for the year ended December 31, 2021) in the caption “Foreign currency exchange difference” in the consolidated statements of profit or loss.

See related accounting policies in Note 2.4(a).