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Segment Information

12 Months Ended

Dec. 31, 2021

Segment Information Teaxt Block [Abstract]

32.

Segment information

For management purposes, the Group is organized into business units based on their products and activities and have three reportable segments as follows:

Production and marketing of cement, concrete and blocks in the northern region of Peru.

Sale of construction supplies (steel rebar and building materials) in the northern region of Peru.

Production and marketing of quicklime in the northern region of Peru.

No operating segments have been aggregated to form the above reportable operating segments.

Management monitors the profit before income tax of each business unit separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit before income tax and is measured consistently with profit before income tax in the consolidated financial statements.

Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with third parties.

	Revenues from external customers		Gross profit margin			Administrative expenses			Selling and distribution expenses			Other operating income, net			Finance income			Finance cost			Net loss on settlement of derivate financial instruments			(Loss) gain from exchange difference, net			Profit before income tax			Income tax expense			Profit for the year
	S/(000)		S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)

2021
Cement, concrete, mortar and blocks		1,784,487		550,816			(191,132	)		(50,223	)		6,358			2,874			(88,961	)		(980	)		(6,987	)		221,765			(70,198	)		151,567
Construction supplies		113,905		3,501			(2,675	)		(703	)		47			17			(3	)		-			(30	)		154			(49	)		105
Quicklime		39,141		5,651			(1,099	)		(289	)		-			-			-			-			(85	)		4,178			(1,322	)		2,856
Other (*)		234		(537	)		(1,163	)		(305	)		3			-			(1	)		-			16			(1,987	)		629			(1,358	)

Consolidated		1,937,767		559,431			(196,069	)		(51,520	)		6,408			2,891			(88,965	)		(980	)		(7,086	)		224,110			(70,940	)		153,170

2020
Cement, concrete, mortar and blocks		1,185,186		367,456			(157,491	)		(38,708	)		4,204			2,951			(88,569	)		5,337			(9,352	)		85,828			(27,981	)		57,847
Construction supplies		78,192		3,014			(2,862	)		(703	)		154			26			(130	)		-			(404	)		(905	)		295			(610	)
Quicklime		32,473		5,012			(1,493	)		(367	)		-			-			-			-			(88	)		3,064			(999	)		2,065
Other (*)		483		(196	)		(1,523	)		(375	)		(12	)		(1	)		5			-			13			(2,089	)		681			(1,408	)

Consolidated		1,296,334		375,286			(163,369	)		(40,153	)		4,346			2,976			(88,694	)		5,337			(9,831	)		85,898			(28,004	)		57,894
2019
Cement, concrete, mortar and blocks		1,292,183		481,037			(167,503	)		(42,752	)		2,701			2,553			(77,947	)		(1,491	)		718			197,316			(63,256	)		134,060
Construction supplies		64,076		2,232			(1,745	)		(445	)		(25	)		23			(37	)		-			6			9			(3	)		6
Quicklime		36,109		3,545			(1,745	)		(445	)		-			-			-			-			4			1,359			(436	)		923
Other (*)		333		81			(3,489	)		(891	)		(31	)		-			(2	)		-			1			(4,331	)		1,389			(2,942	)

Consolidated		1,392,701		486,895			(174,482	)		(44,533	)		2,645			2,576			(77,986	)		(1,491	)		729			194,353			(62,306	)		132,047

(*)

The “other” segment includes activities that do not meet the threshold for disclosure under IFRS 8.13 and represent non-material operations of the Group (including brine projects).

	Segment assets		Other assets (*)		Total assets		Operating liabilities		Capital expenditure ()**		Depreciation and amortization			Provision of inventory net realizable value and obsolescence
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)			S/(000)

2021
Cement, concrete and blocks		2,940,888		106,280		3,047,168		1,930,140		97,288		(128,522	)		(3,374	)
Construction supplies		42,578		-		42,578		75,633		-		(1,102	)		-
Quicklime		79,383		-		79,383		-		-		(5,199	)		-
Other		31,846		797		32,643		194		-		(744	)		-

Consolidated		3,094,695		107,077		3,201,772		2,005,967		97,288		(135,567	)		(3,374	)
2020
Cement, concrete and blocks		2,806,803		37,068		2,843,871		1,590,105		63,960		(131,877	)		(3,635	)
Construction supplies		51,225		-		51,225		58,517		-		(767	)		-
Quicklime		83,621		-		83,621		-		-		(5,741	)		-
Other		31,696		5,871		37,567		107		-		(782	)		-

Consolidated		2,973,345		42,939		3,016,284		1,648,729		63,960		(139,167	)		(3,635	)
2019
Cement, concrete and blocks		2,714,888		-		2,714,888		1,409,598		87,086		(122,911	)		(2,498	)
Construction supplies		51,376		-		51,376		99,934		-		(879	)		-
Quicklime		93,812		-		93,812		-		-		(5,820	)		-
Other		53,258		18,224		71,482		375		-		(208	)		-

Consolidated		2,913,334		18,224		2,931,558		1,509,907		87,086		(129,818	)		(2,498	)

(*)

As of December 31, 2021, corresponds to the financial investment designated at fair value through OCI for S/476,000 and fair value of derivative financial instruments (“cross currency swap”) for S/106,601,000. As of December 31, 2020 corresponds to the financial investment designated at fair value through OCI for approximately S/692,000 and the fair value of derivative financial instruments (“cross currency swap”) for S/42,247,000. The fair value of derivative financial instruments of hedging is allocated to the segment of cement, and the financial investment designated at fair value through OCI and fair value of derivate financial instrument at fair value through profit or loss are not assigned to any segment.

(**)

Capital expenditure consists of S/97,288,000 and S/63,960,000 during the years ended as of December 31, 2021 and 2020, respectively, and are related to additions of property, plant and equipment, intangible and other minor non-current assets.

Geographic information

As of December 31, 2021 and 2020, all non-current assets are located in Peru and all revenues are from clients located in the north region of the country.