| 28. | Material partly-owned subsidiaries |
Financial information of subsidiaries that have material non-controlling interests is provided below:
| (a) | Proportion of equity interest held by non-controlling interests: |
| Name | Country
of incorporation and operation |
2017 % |
2016 % |
|||||||
| Fosfatos del Pacífico S.A., note 1.1 | Peru | — | 30.00 | |||||||
| Salmueras Sudamericanas S.A. | Peru | 25.10 | 25.10 | |||||||
| (b) | Accumulated balances of material non-controlling interest: |
| 2017 | 2016 | |||||||
| S/(000) | S/(000) | |||||||
| Fosfatos del Pacífico S.A., note 1.1 | — | 100,722 | ||||||
| Salmueras Sudamericanas S.A., note 1.2 | 147 | 11,867 | ||||||
| (c) | Loss allocated to material non-controlling interest: |
| 2017 | 2016 | 2015 | ||||||||||
| S/(000) | S/(000) | S/(000) | ||||||||||
| Fosfatos del Pacífico S.A. | 365 | 2,703 | 2,992 | |||||||||
| Salmueras Sudamericanas S.A. | 12,786 | 577 | 873 | |||||||||
| (d) | The summarized financial information of these subsidiaries is provided below. This information is based on amounts before inter-company transactions’ eliminations: |
Summarized statement of profit or loss for the year ended December 31:
Fosfatos del Pacífico S.A. |
Salmueras Sudamericanas S.A. | |||||||
| S/(000) | S/(000) | |||||||
| 2017 | ||||||||
| Sales of goods | 11 | — | ||||||
| Cost of sales | (626 | ) | — | |||||
| Administrative expenses | (1,068 | ) | (3,864 | ) | ||||
| Other income (expenses) | 153 | (40,816 | ) | |||||
| Finance (expense) income | (237 | ) | 3 | |||||
| Loss before tax | (1,767 | ) | (44,677 | ) | ||||
| Income tax | 551 | (6,265 | ) | |||||
| Total comprehensive loss | (1,216 | ) | (50,942 | ) | ||||
| Attributable to non-controlling interest | (365 | ) | (12,786 | ) | ||||
| 2016 | ||||||||
| Sales of goods | 1,965 | — | ||||||
| Cost of sales | (6,881 | ) | — | |||||
| Administrative expenses | (8,694 | ) | (3,829 | ) | ||||
| Other (expenses) income | (1,006 | ) | 52 | |||||
| Finance expense | (793 | ) | (114 | ) | ||||
| Loss before tax | (15,409 | ) | (3,891 | ) | ||||
| Income tax | 6,399 | 1,591 | ||||||
| Total comprehensive loss | (9,010 | ) | (2,300 | ) | ||||
| Attributable to non-controlling interest | (2,703 | ) | (577 | ) | ||||
Fosfatos del Pacífico S.A. |
Salmueras Sudamericanas S.A. | |||||||
| S/(000) | S/(000) | |||||||
| 2015 | ||||||||
| Administrative expenses | (11,775 | ) | (4,257 | ) | ||||
| Other expenses | (212 | ) | (2 | ) | ||||
| Finance (expense) income | (1,126 | ) | 14 | |||||
| Loss before tax | (13,113 | ) | (4,245 | ) | ||||
| Income tax | 3,141 | 767 | ||||||
| Total comprehensive income | (9,972 | ) | (3,478 | ) | ||||
| Attributable to non-controlling interest | (2,992 | ) | (873 | ) | ||||
Summarized statement of financial position as of December 31:
Fosfatos del Pacífico S.A. |
Salmueras Sudamericanas S.A. | |||||||
| S/(000) | S/(000) | |||||||
| 2017 | ||||||||
| Cash, inventories and other current assets | — | 587 | ||||||
| Total equity | — | 587 | ||||||
| Attributable to: | ||||||||
| Equity holders of parent | — | 440 | ||||||
| Non-controlling interest | — | 147 | ||||||
| 2016 | ||||||||
| Cash, inventories and other current assets | 14,450 | 593 | ||||||
| Other receivables, property, plant and equipment and other non-current assets | 324,786 | 47,068 | ||||||
| Trade and other payables current | (3,495 | ) | (382 | ) | ||||
| Total equity | 335,741 | 47,279 | ||||||
| Attributable to: | ||||||||
| Equity holders of parent | 235,019 | 35,412 | ||||||
| Non-controlling interest | 100,722 | 11,867 | ||||||
Summarized statement of cash flow for the year ended December31:
Fosfatos del Pacífico S.A. |
Salmueras Sudamericanas S.A. | |||||||
| S/(000) | S/(000) | |||||||
| 2017 | ||||||||
| Net cash flows used in operating activities | (2,611 | ) | (4,134 | ) | ||||
| Net cash flows (used in) provided from investing activities | (6,410 | ) | — | |||||
| Net cash flows provided from financing activities | 5,953 | 4,250 | ||||||
| Net (decrease) increase in cash and cash equivalents | (3,068 | ) | 116 | |||||
| 2016 | ||||||||
| Net cash flows used in operating activities | (17,332 | ) | (3,870 | ) | ||||
| Net cash flows used in investing activities | (22,352 | ) | 83 | |||||
| Net cash flows provided from financing activities | 39,200 | 4,100 | ||||||
| Net increase (decrease) in cash and cash equivalents | (484 | ) | 313 | |||||
| 2015 | ||||||||
| Net cash flows used in operating activities | (21,950 | ) | (4,490 | ) | ||||
| Net cash flows used in investing activities | (55,495 | ) | — | |||||
| Net cash flows provided from financing activities | 82,676 | 2,400 | ||||||
| Net (decrease) increase in cash and cash equivalents | 5,231 | (2,090 | ) | |||||