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Financial assets and financial liabilities (Tables)
 12 Months Ended
Dec. 31, 2017
Financial Assets And Financial Liabilities  
Schedule of financial asset and liabilities

(a)Financial asset and liabilities –

 

   2017   2016 
   S/(000)   S/(000) 
           
Derivative financial instruments          
Cash flow hedge (cross currency swaps)   489    69,912 
Total cash flow hedge   489    69,912 
           
Available-for-sale financial investments          
Quoted equity shares   —    657 
Total available-for-sale investments, note 9(b)   —    657 
           
Total financial instruments at fair value   489    70,569 
           
Total current   —    — 
Total non-current   489    70,569 
           
    489    70,569 
Schedule of hedging activities and derivatives

The cross currency swap contracts balances vary with the level of expected forward exchange rates.

 

   2017   2016 
   Assets   Liabilities   Assets   Liabilities 
   S/(000)   S/(000)   S/(000)   S/(000) 
                     
Cross currency swap contracts designated as hedging instruments                    
Fair value   489    —    69,912    — 
                     
    489    —    69,912    ?char_error?; 
Schedule of fair values of financial instruments

Set out below is a comparison by class of the carrying amounts and fair values of the Group’s financial instruments that are carried in the consolidated financial statements:

 

   Carrying amount   Fair value 
    2017    2016    2017    2016 
    S/(000)    S/(000)    S/(000)    S/(000) 
                     
Financial assets                    
Derivative financial instruments – Cross currency swaps   489    69,912    489    69,912 
Available-for-sale financial investments   —    657    —    657 
                     
Total financial assets - non-current   489    70,569    489    70,569 
                     
                     
Financial liabilities                    
Financial obligations:                    
  Senior Notes   965,290    998,148    1,005,324    1,012,607 
                     
Total financial liabilities   965,290    998,148    1,005,324    1,012,607 
Schedule of Fair value measurement

Quantitative disclosures fair value measurement hierarchy for assets and liabilities as of December 31, 2017

 

   Fair value measurement using 
    

Total 

    

Quoted prices in active markets
(Level 1)

    

Significant
observable inputs 

(Level 2) 

    

Significant
unobservable
inputs 

(Level 3) 

 
    S/(000)    S/(000)    S/(000)    S/(000) 
                     
Assets measured at fair value:                    
Derivative financial assets:                    
   Cross currency swaps   489    —    489    — 
                     
Total financial assets   489    —    489    — 
Liabilities for which fair values are disclosed:                    
  Senior Notes   1,005,324    1,005,324    —    — 
                     
Total financial liabilities   1,005,324    1,005,324    —    — 

 

There have been no transfers between levels during the year ending December 31, 2017.

 

Quantitative disclosures fair value measurement hierarchy for assets and liabilities as of December 31, 2016

 

   Fair value measurement using 
    

Total 

    

Quoted prices in active markets 

(Level 1) 

    

Significant
observable inputs 

(Level 2) 

    

Significant
unobservable
inputs 

(Level 3) 

 
    S/(000)    S/(000)    S/(000)    S/(000) 
                     
Assets measured at fair value:                    
Derivative financial assets:                    
   Cross currency swaps   69,912    —    69,912    — 
Available-for-sale financial investments (note 9):                    
   Quoted equity shares   657    657    —    — 
                     
Total financial assets   70,569    657    69,912    — 
Liabilities for which fair values are disclosed:                    
  Senior Notes   1,012,607    1,012,607    —    — 
                     
Total financial liabilities   1,012,607    1,012,607    —    —