CREDICORP LTD | CIK:0001001290 | 3

  • Filed: 4/26/2018
  • Entity registrant name: CREDICORP LTD (CIK: 0001001290)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1001290/000114420418022710/0001144204-18-022710-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1001290/000114420418022710/bap-20171231.xml
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    • ifrs-full:DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory

    The movement of cost and accumulated depreciation of investment properties is as follows:
     
     
     
    2017
     
    2016
     
     
     
    Own assets
     
     
     
     
     
     
     
     
     
    Land
     
    Building
     
    Total
     
    Total
     
     
     
    S/(000)
     
    S/(000)
     
    S/(000)
     
    S/(000)
     
    Cost
     
     
     
     
     
     
     
     
     
     
     
     
     
    Balance at January 1
     
     
    289,432
     
     
    261,174
     
     
    550,606
     
     
    462,440
     
    Additions (i)
     
     
    4,637
     
     
    4,580
     
     
    9,217
     
     
    88,186
     
    Transfers (ii)
     
     
    –
     
     
    66,856
     
     
    66,856
     
     
    –
     
    Sales (iii)
     
     
    (47,987)
     
     
    (41,910)
     
     
    (89,897)
     
     
    –
     
    Disposals and others
     
     
    (27,419)
     
     
    (10,738)
     
     
    (38,157)
     
     
    (20)
     
    Balance at December 31
     
     
    218,663
     
     
    279,962
     
     
    498,625
     
     
    550,606
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Accumulated depreciation
     
     
     
     
     
     
     
     
     
     
     
     
     
    Balance at January 1
     
     
    –
     
     
    45,679
     
     
    45,679
     
     
    41,307
     
    Depreciation for the year
     
     
    –
     
     
    6,440
     
     
    6,440
     
     
    4,369
     
    Sales (iii)
     
     
    –
     
     
    (6,277)
     
     
    (6,277)
     
     
    –
     
    Disposals and others
     
     
    –
     
     
    (6,072)
     
     
    (6,072)
     
     
    3
     
    Balance at December 31
     
     
    –
     
     
    39,770
     
     
    39,770
     
     
    45,679
     
    Net carrying amount
     
     
    218,663
     
     
    240,192
     
     
    458,855
     
     
    504,927
     
     
    (i)
    During the period 2016, subsidiary Pacífico Seguros carried out constructions and acquired a plot of land located at Nicolas Dueñas Avenue 475, Cercado de Lima for an amount of approximately S/21.9 million and another located in Ex-Fundo Marquez, in the vicinity of KM 14.6 of Coronel Nestor Gambeta Avenue, Callao for an amount of approximately S/60.9 million.
     
    (ii)
    In order to consolidate the real estate projects, mainly of offices, during the year 2017, Pacífico Seguros liquidated the trust of the “Panorama” building located at Av. Juan de Arona N° 830 for a total amount of S/66.9 million.
     
    (iii)
    The balance of sales for the year 2017 mainly comprises the transfer by Pacífico Seguros of the building located at Av. Guardia Civil 337 – Urb. Corpac, San Borja, which was sold for S/95.7 million. The total net cost of the building amounting to S/68.5 million comprises S/34.5 million in land and S/34.0 million in building (cost of S/38.5 million and depreciation of S/4.5 million).