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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Disclosure of property, plant and equipment [text block] [Abstract]

10.	Property, plant and equipment

(a)

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

	Mining concessions (b)			Mine development costs (b)			Land		Buildings and other construction			Machinery, equipment and related spare parts			Furniture and accessories			Transportation units			Computer equipment and tools			Quarry rehabilitation costs			Capitalized interests		Work in progress and units in transit			Total
	S/(000)			S/(000)			S/(000)		S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)		S/(000)			S/(000)

Cost

As of January 1, 2020		76,135			51,705			251,655		684,338			1,667,042			32,839			123,568			50,951			1,515			64,904		47,449			3,052,101
Additions		19			2,316			-		535			8,298			197			282			1,166			7,775			-		30,644			51,232
Disposals		(261	)		(5	)		-		(307	)		(7,803	)		(54	)		(12,502	)		(3	)		-			-		(144	)		(21,079	)
Transfers, note 11		-			(41	)		535		5,976			26,608			141			1,761			531			-			-		(40,218	)		(4,707	)
As of December 31, 2020		75,893			53,975			252,190		690,542			1,694,145			33,123			113,109			52,645			9,290			64,904		37,731			3,077,547

Additions		21			3,435			4,254		(98	)		16,160			191			7,523			3,731			(260	)		103		53,120			88,180
Disposals		-			-			-		(7	)		(33,176	)		(22,786	)		(10,583	)		(23,105	)		-			-		(136	)		(89,793	)
Transfers, note 11		-			592			108		2,648			20,526			178			3,302			1,157			-			-		(28,575	)		(64	)
As of December 31, 2021		75,914			58,002			256,552		693,085			1,697,655			10,706			113,351			34,428			9,030			65,007		62,140			3,075,870
Accumulated depreciation
As of January 1, 2020		12,184			10,071			-		121,196			556,147			29,380			83,227			38,812			99			5,978		-			857,094
Additions		72			196			-		18,693			95,325			723			8,357			3,537			1,517			1,521		-			129,941
Disposals		-			-			-		(32	)		(7,282	)		(54	)		(10,952	)		(1	)		-			-		-			(18,321	)
As of December 31, 2020		12,256			10,267					139,857			644,190			30,049			80,632			42,348			1,616			7,499		-			968,714

Additions		72			217			-		18,605			93,581			589			7,350			3,198			766			1,522		-			125,900
Disposals		-			-			-		(7	)		(32,317	)		(22,767	)		(9,819	)		(23,090	)		-			-		-			(88,000	)
As of December 31, 2021		12,328			10,484			-		158,455			705,454			7,871			78,163			22,456			2,382			9,021		-			1,006,614

Impairment (b)
As of December 31, 2020		42,859			24,048			-		13,578			12,424			201			26			454			-			-		735			94,325
As of December 31, 2021		42,859			24,048			-		13,578			12,424			201			26			454			-			-		735			94,325

Net book value
As of December 31, 2020		20,778			19,660			252,190		537,107			1,037,531			2,873			32,451			9,843			7,674			57,405		36,996			2,014,508
As of December 31, 2021		20,727			23,470			256,552		521,052			979,777			2,634			35,162			11,518			6,648			55,986		61,405			1,974,931

(b)

Mining concessions mainly include net acquisition costs of S/15,488,000 related to coal concessions acquired through a purchase option executed from 2011 to 2013. The caption also includes some concessions acquired by the Group for exploration activities related to the cement business.

In previous years’ Management recognized a full impairment related to the total net book value of a closed zinc mining unit which included concession costs, development costs and related facilities and equipment. From this impairment estimate, S/42,859,000 corresponds to concession costs. According to the Management´s expectation the recovery amount of this zinc mining unit is zero.

(c)

The Group has assessed the recoverable amount of its remaining long-term assets and did not find indicators of an impairment for these assets as of December 31, 2021 and 2020.

(d)

Work in progress included in property, plant and equipment as of December 31, 2021 and 2020 is mainly related to complementary facilities of the cement plants.

(e)

As of December 31, 2021, the Group maintains accounts payable related to the acquisition of property, plant and equipment for S/7,615,000 (S/4,830,000 as of December 31, 2020), see note 14.