BUENAVENTURA MINING CO INC | CIK:0001013131 | 3

  • Filed: 4/30/2018
  • Entity registrant name: BUENAVENTURA MINING CO INC (CIK: 0001013131)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1013131/000114420418023941/0001144204-18-023941-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1013131/000114420418023941/cik0001013131-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001013131
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory

    5.
    Transactions in Soles
     
    Transactions in Soles are completed using exchange rates published by the Superintendent of Banks, Insurance and AFP. As of December 31, 2017, the exchange rates for U.S. dollars published by this Institution were US$0.3088 for buying and US$0.3082 for selling (US$0.2983 for buying and US$0.2976 for selling as of December 31, 2016), and have been applied by the Group for the assets and liabilities accounts, respectively. 
     
    As of December 31, 2017 and 2016, the Group presents the following assets and liabilities originally denominated in Soles by its equivalent in U.S. dollars:
     
     
     
    2017
     
    2016
     
     
     
    US$(000)
     
    US$(000)
     
     
     
     
     
     
     
     
     
    Assets
     
     
     
     
     
     
     
    Cash and cash equivalents
     
     
    6,233
     
     
    6,332
     
    Trade and other receivables
     
     
    138,487
     
     
    148,907
     
    Income tax credit
     
     
    24,779
     
     
    24,962
     
    Prepaid expenses
     
     
    1,182
     
     
    92
     
     
     
     
    170,681
     
     
    180,293
     
     
     
     
     
     
     
     
     
    Liabilities
     
     
     
     
     
     
     
    Bank loans
     
     
    (1,215)
     
     
    -
     
    Trade and other payables
     
     
    (87,839)
     
     
    (130,772)
     
    Income tax payable
     
     
    (7,088)
     
     
    (7,262)
     
    Provisions
     
     
    (35,572)
     
     
    (11,203)
     
     
     
     
    (131,714)
     
     
    (149,237)
     
     
     
     
     
     
     
     
     
    Net asset position
     
     
    38,967
     
     
    31,056