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Exploration, evaluation and intangible assets

12 Months Ended

Dec. 31, 2017

Exploration Evaluation And Intangible Assets

Exploration, evaluation and intangible assets

11.

Exploration, evaluation and intangible assets

(a)

The composition and movement of this caption as of the date of the consolidated statements of financial position is presented below:

	S/(000)

Cost
As of January 1, 2016		89,829
Additions (b)		10,619
Transfers, note 10		(1,372	)
Assets held for distribution, note 1.1		(47,630	)
As of December 31, 2016		51,446
Additions		1,384
Transfers, note 10		4,419

As of December 31, 2017		57,249

Accumulated amortization
As of January 1, 2016		7,967
Additions		451
As of December 31, 2016		8,418
Additions		1,437
Transfers, note 10		509

As of December 31, 2017		10,364

Impairment, note 1.2		33,469

Net value
As of December 31, 2016		43,028

As of December 31, 2017		13,416

(b)

As of December 31, 2017, the exploration and evaluation assets mainly include capital expenditures related to the coal project and to others minor projects related to the cement business. As of December 31, 2016, mainly include S/33,469,000 related to the brine project, and S/9,559,000 related to others minor projects.

(c)

During 2017, the Group recognized an impairment in the brine project, and the Group wrote-off exploration and evaluation assets for S/33,469,000. See note 1.2.

As of December 31, 2016, the Group evaluated the conditions of use of the projects related to mining exploration and evaluation costs and did not find any indication of impairment.