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:DisclosureOfOtherOperatingIncomeExpenseExplanatory

    27
    OTHER INCOME AND EXPENSES
     
    This item consists of the following:
     
     
     
    2017
     
    2016
     
    2015
     
     
     
    S/(000)
     
    S/(000)
     
    S/(000)
     
    Other income
     
     
     
     
     
     
     
     
     
     
    Income from premiums comissions and technical insurance income
     
     
    127,729
     
     
    136,919
     
     
    133,828
     
    Rental income
     
     
    43,118
     
     
    37,324
     
     
    26,357
     
    Recoveries of other accounts receivable and other assets
     
     
    14,824
     
     
    4,660
     
     
    1,481
     
    Net gain from sale of seized and recovered assets
     
     
    2,494
     
     
    1,377
     
     
    4,195
     
    Others (*)
     
     
    208,518
     
     
    164,180
     
     
    159,805
     
    Total other income
     
     
    396,683
     
     
    344,460
     
     
    325,666
     
     
     
     
     
     
     
     
     
     
     
     
    Other expenses
     
     
     
     
     
     
     
     
     
     
    Commissions from insurance activities
     
     
    277,878
     
     
    272,949
     
     
    231,521
     
    Sundry technical insurance expenses
     
     
    119,355
     
     
    102,670
     
     
    95,857
     
    Losses due to operational risk
     
     
    55,477
     
     
    37,407
     
     
    21,439
     
    Expenses on improvements in building for rent
     
     
    42,083
     
     
    43,775
     
     
    45,266
     
    Provision for sundry risks, Note 12(d)
     
     
    29,023
     
     
    28,093
     
     
    38,248
     
    Provision for other accounts receivable
     
     
    19,316
     
     
    8,239
     
     
    12,516
     
    Administrative and tax penalties
     
     
    8,387
     
     
    16,374
     
     
    5,581
     
    Put option write on non-controlling interests
     
     
    –
     
     
    11,890
     
     
    8,972
     
    Loss from sale adjudicated assets
     
     
    –
     
     
    1,426
     
     
    783
     
    Others
     
     
    84,028
     
     
    86,252
     
     
    74,189
     
    Total other expenses
     
     
    635,547
     
     
    609,075
     
     
    534,372
     
      
    (*)
    The balance mainly comprises property sales, liquidation for sale of shares of Credicorp, penalty for breach of contract, commissions for recovery in civil and judicial lawsuits of Personal Credits and Credit Card products; also, collection of commission for relocation, vehicle taxes, municipal property taxes, fines and penalties to clients related to the Leasing product.