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
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    • ifrs-full:DisclosureOfCostOfSalesExplanatory

    16.
    Cost of sales
     
    This item is made up as follows:
     
     
     
    For the year ended
     
    For the year ended
     
    For the year ended
     
     
     
    December 31, 2017
     
    December 31, 2016
     
    December 31, 2015
     
     
     
    US$(000)
     
    US$(000)
     
    US$(000)
     
     
     
     
     
     
     
     
     
     
     
     
    Materials and supplies
     
     
    556,022
     
     
    496,918
     
     
    364,234
     
    Depreciation and amortization
     
     
    456,467
     
     
    472,997
     
     
    244,477
     
    Labor (a)
     
     
    286,058
     
     
    215,839
     
     
    146,395
     
    Energy
     
     
    229,272
     
     
    229,035
     
     
    118,019
     
    Third parties services
     
     
    144,829
     
     
    100,897
     
     
    95,087
     
    Change in work in process inventory
     
     
    51,412
     
     
    (3,789)
     
     
    (118,327)
     
    Management Fees
     
     
    2,867
     
     
    2,793
     
     
    3,565
     
    Change in finished goods inventory
     
     
    2,060
     
     
    (3,951)
     
     
    467
     
    Other costs
     
     
    39,251
     
     
    42,301
     
     
    8,087
     
     
     
     
    1,768,238
     
     
    1,553,040
     
     
    862,004
     
     
    (a)
    Labor includes an expense of US$86.4 million related to profit sharing for the year ended December 31, 2017 (US$36.8 million for the year ended December 31, 2016 and credit of US$1.6 million for the year ended December 31, 2015).
     
    In compliance with corporate policies, the Company recognizes administrative costs directly to cost of production (approximately U$34.4 million for the year ended December 31, 2017, and US$23.4 million for the year ended December 31, 2016 and US$19.5 million for the year ended December 31, 2015). The effect of this policy is immaterial to the financial statements as a whole.