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Trade and other receivables, net (Tables) | 12 Months Ended
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Dec. 31, 2023
Trade and other receivables, net |
Schedule of trade and other receivables, net | ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | US$(000) | ​ | US$(000)
Trade receivables (b) | ​ | ​ | ​ | ​
Domestic clients |  | 157,296 |  | 127,750
Foreign clients |  | 46,051 |  | 40,229
Related entities, note 32(b) |  | 421 |  | 367
​ |  | 203,768 |  | 168,346
Allowance for expected credit losses (h) |  | (22,276) |  | (22,276)
​ |  | 181,492 |  | 146,070
Other receivables | ​ | ​ | ​ | ​
Tax claims (c) | ​ | 546,385 | ​ | 631,982
Value added tax credit |  | 66,515 |  | 52,589
Other accounts receivables to third parties |  | 27,585 |  | 30,175
Accounts receivable from Howden Hodco Perú (i), notes 1(d) and 29(a) | ​ | 12,564 | ​ | —
Advances to suppliers | ​ | 6,810 | ​ | 14,392
​ | ​ | ​ | ​ | ​
Tax deposits (d) | ​ | 3,075 | ​ | 8,296
Due from for sales of assets (e) | ​ | 2,744 | ​ | 2,119
Interest receivable |  | 2,634 |  | 2,305
Refund applications of value added tax (f) | ​ | 2,591 | ​ | 2,856
Related entities, note 32(b) |  | 2,486 |  | 2,842
Bank accounts in trust (g) | ​ | 1,058 | ​ | 1,092
Loans to personnel | ​ | 574 | ​ | 629
Loans to third parties | ​ | 555 | ​ | 365
Closed hedging financial instruments receivable, note 34(b) |  | — |  | 2,506
Public Works Tax Deduction | ​ | — | ​ | 1,196
Other |  | 272 |  | 218
​ | ​ | 675,848 | ​ | 753,562
Allowance for expected credit losses (h) |  | (4,141) |  | (4,106)
​ |  | 671,707 |  | 749,456
Total trade and other receivables |  | 853,199 |  | 895,526
​ | ​ | ​ | ​ | ​
Classification by maturity: | ​ | ​ | ​ | ​
Current portion |  | 240,319 |  | 221,899
Non-current portion |  | 612,880 |  | 673,627
Total trade and other receivables |  | 853,199 |  | 895,526
​ | ​ | ​ | ​ | ​
Classification by nature: | ​ | ​ | ​ | ​
Financial receivables |  | 237,708 |  | 206,903
Non-financial receivables |  | 615,491 |  | 688,623
Total trade and other receivables |  | 853,199 |  | 895,526
​ | ​ | ​ | ​ | ​
Classification by measurement: | ​ | ​ | ​ | ​
Trade receivables (not subject to provisional pricing) |  | 55,906 |  | 16,503
Trade receivables (subject to provisional pricing) |  | 125,586 |  | 129,567
Other accounts receivables |  | 671,707 |  | 749,456
Total trade and other receivables |  | 853,199 |  | 895,526
​ See related accounting policies in Note 2.4 (b).
| (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 |  | 2023 |  | 2022
Detail |  | Date |  | US$(000) |  | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Buenaventura (c.1) - |  |  |  |  |  |
Payment of tax debt for fiscal year 2007 - 2008 |  | July 2021 |  | 426,374 |  | 414,841
Payment of tax debt for fiscal year 2010 |  | July 2021 |  | 96,273 |  | 93,669
Payment of tax debt for fiscal year 2009 |  | July 2021 |  | 52,199 |  | 50,787
SUNAT seizure for payment on account from January to December 2009; January and February 2010 |  | December 2019 |  | 32,459 |  | 31,581
Payment of part of the tax liability debt for fiscal year 2007 |  | November - December 2020 |  | 19,451 |  | 18,925
SUNAT seizure for payment on account on Income Tax 2007-2008-2009 |  | January 2021 |  | 5,174 |  | 5,035
Payment in claim to SUNAT for the year 2018 | ​ | August 2023 | ​ | 3,306 | ​ | —
Payment of tax debt for fiscal year 2017 |  | December 2022 |  | 2,490 |  | 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 |  | 1,280 |  | 1,246
Payment of part of the tax debt for fiscal year 2010 | ​ | December 2020 | ​ | 486 | ​ | 474
Payment in claim to SUNAT for the year 2014 |  | June 2023 |  | 236 |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Payment in claim to the Tax Administration |  | ​ |  | 639,728 |  | 618,980
Liability attributable to Inminsur absorbed by Buenaventura, for the audit process of the periods 1996-1997 and claimed in judicial instances |  | May 2017 |  | 809 | ​ | 787
Payment in claim to OSINERGMIN for the year 2015 | ​ | December 2022 | ​ | 638 | ​ | 621
Payment in claim to OSINERGMIN for the year 2014 | ​ | August 2021 | ​ | 630 | ​ | 612
Payment in claim to Oyon Municipality | ​ | December 2020 | ​ | 519 | ​ | 504
Other claims | ​ | ​ | ​ | 2,596 | ​ | 2,524
​ | ​ | ​ | ​ | 642,324 | ​ | 621,504
El Brocal - |  | ​ |  |  |  |
Payment under protest of the tax liability for fiscal year 2017 |  | October 2023 |  | 6,079 |  | —
Forced payment of part of the tax debt for fiscal year 2014. |  | January 2021 |  | 1,314 |  | 1,278
Payment of the fine for the benefit of reducing the fine for fiscal year 2015. |  | January 2020 |  | 269 |  | 262
​ |  | ​ |  | 7,662 | ​ | 1,540
Río Seco - |  | ​ |  |  |  |
Forced payment of part of the VAT liability for 2012. | ​ | July to September 2019 | ​ | 3,232 | ​ | 3,238
Forced payment of part of the tax debt for fiscal year 2020. |  | November 2022 |  | 620 |  | 609
Payment in force as part of the tax liability of year 2020 | ​ | February 2020 | ​ | 4 | ​ | —
​ | ​ | ​ | ​ | 3,856 | ​ | 3,847
Huanza - | ​ | ​ | ​ | ​ | ​ | ​
Payment under protest of the tax liability for fiscal year 2014 | ​ | December 2022 | ​ | 1,644 | ​ | 1,600
​ | ​ | ​ | ​ | ​ | ​ | ​
La Zanja - |  | ​ |  |  |  |
SUNAT seizure for income tax for fiscal year 2016 | ​ | October 2022 | ​ | 2,418 | ​ | 2,353
Forced payment of part of the tax debt for fiscal year 2013-2015. |  | April 2021 |  | 826 |  | 804
Forced payment of part of the tax debt for fiscal year 2019 |  | December 2023 |  | 494 |  | —
​ | ​ | ​ | ​ | 3,738 | ​ | 3,157
Chaupiloma - | ​ | ​ | ​ | ​ | ​ | ​
SUNAT seizure for income tax for fiscal year 2011 |  | September 2021 |  | 339 |  | 334
​ |  | ​ |  | 659,563 | ​ | 631,982
​
| (c.1) | During the year 2023, Buenaventura recognized a liability related to the tax claims of the previous years for a total of US$113,178,000:
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Tax claim liability, |  | Tax claims as
​ | ​ | Disbursements | ​ | note 31(d) | ​ | 31.12.2023
Years |  | US$(000) |  | US$(000) |  | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
2007 |  | 183,516 |  | — |  | 183,516
2008 |  | 262,408 |  | — |  | 262,408
2009 |  | 86,170 |  | (35,223) |  | 50,947
2010 |  | 100,322 |  | (77,955) |  | 22,367
2014 |  | 1,516 |  | — |  | 1,516
2017 |  | 2,490 |  | — |  | 2,490
2018 |  | 3,306 |  | — |  | 3,306
Buenaventura’s forced payments claimed |  | 639,728 |  | (113,178) |  | 526,550
Other Buenaventura’s claims |  | 2,596 |  | — |  | 2,596
Other Buenaventura’s subsidiaries forced payments claimed |  | 17,239 |  | — |  | 17,239
Total |  | 659,563 |  | (113,178) |  | 546,385
​
| (d) | 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.
| (e) | As of December 31, 2023 and 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)).
Likewise, during 2023 and 2022, the Group recorded a loss of US$2 million presented in “Others, net” caption, see note 28, related to the sale of Mallay mining unit (original amount of US$7.3 million), which were transferred to a third-party and collected during May 2022 in exchange for US$6 million.
| (f) | Corresponds mainly to current year refunds applications that are pending as of December 31 of each period.
| (g) | Corresponds mainly to collections that are deposited into restricted bank accounts that only can be used for the payment of financial obligations held by the subsidiary Empresa de Generación Huanza S.A. (hereafter “Huanza”), according to the finance lease signed with Banco de Crédito del Perú in 2009. Below is presented the movement:
Schedule of allowance for doubtful accounts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance |  | 26,382 |  | 30,897 |  | 31,845
​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for other receivables, note 28(a) |  | — |  | 253 |  | 409
Provision of the year |  | — |  | 253 |  | 409
Foreign exchange difference | ​ | 35 | ​ | (59) | ​ | (197)
Write off |  | — |  | (4,709) |  | (1,160)
Final balance |  | 26,417 |  | 26,382 |  | 30,897
​ | ​ | ​ | ​ | ​ | ​ | ​
Trade receivables |  | 22,276 |  | 22,276 |  | 22,276
Other receivables |  | 4,141 |  | 4,106 |  | 8,621
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 26,417 |  | 26,382 |  | 30,897
Schedule of restricted bank accounts for payments of financial obligation explanatory | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
​ | ​ | US$(000) | ​ | US$(000) | ​ | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance |  | 1,092 |  | 359 |  | 376
Increase |  | — |  | 733 |  | —
Decrease | ​ | (34) | ​ | — | ​ | (17)
Final balance |  | 1,058 |  | 1,092 |  | 359
​
Schedule of Tax claims of previous years | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Tax claim liability, |  | Tax claims as
​ | ​ | Disbursements | ​ | note 31(d) | ​ | 31.12.2023
Years |  | US$(000) |  | US$(000) |  | US$(000)
​ | ​ | ​ | ​ | ​ | ​ | ​
2007 |  | 183,516 |  | — |  | 183,516
2008 |  | 262,408 |  | — |  | 262,408
2009 |  | 86,170 |  | (35,223) |  | 50,947
2010 |  | 100,322 |  | (77,955) |  | 22,367
2014 |  | 1,516 |  | — |  | 1,516
2017 |  | 2,490 |  | — |  | 2,490
2018 |  | 3,306 |  | — |  | 3,306
Buenaventura’s forced payments claimed |  | 639,728 |  | (113,178) |  | 526,550
Other Buenaventura’s claims |  | 2,596 |  | — |  | 2,596
Other Buenaventura’s subsidiaries forced payments claimed |  | 17,239 |  | — |  | 17,239
Total |  | 659,563 |  | (113,178) |  | 546,385

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