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
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    • ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory

    18.
    Other operating expenses
     
    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)
     
     
     
     
     
     
     
     
     
     
     
     
    Royalties, net of asset tax (ITAN) and penalties (a)
     
     
    243,798
     
     
    -
     
     
    -
     
    Other expenses
     
     
    15,028
     
     
    24,107
     
     
    26,739
     
     
     
     
    258,826
     
     
    24,107
     
     
    26,739
     
     
    (a)
    Represents disputed royalties for the period December 2006 through September 2011 of US$174.8 million, net asset tax (ITAN) for the years 2009 to 2013 of US$33.6 million, profit sharing adjustments related to mining royalties of US$29.2 and penalties on disputed royalties for the period December 2006 through the year 2008 of US$6.2 million. Disputed royalties and special mining taxes for the period October 2011 through the year 2013 are recognized in “income tax expense” in the statements of comprehensive income (see Note 14(b)).