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
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001013131
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfInvestmentPropertyExplanatory

    12.
    Investment properties, net
     
    (a)
    As of December 31, 2017 and 2016, the investment properties included administrative offices. The movement of cost and accumulated depreciation for the years 2017 and 2016 is presented below:
     
     
     
    Balance as of
    January 1,
    2016
     
    Addition
    (reversal)
     
    Balance as of
    December 31,
    2016
     
    Additions
     
    Sales
     
    Balance as of
    December 31,
    2017
     
     
     
    US$(000)
     
    US$(000)
     
    US$(000)
     
    US$(000)
     
    US$(000)
     
    US$(000)
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Cost
     
     
    12,103
     
     
    (92)
     
     
    12,011
     
     
    157
     
     
    (11,826)
     
     
    342
     
    Accumulated depreciation
     
     
    (1,384)
     
     
    (538)
     
     
    (1,922)
     
     
    (462)
     
     
    2,264
     
     
    (120)
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Net cost
     
     
    10,719
     
     
     
     
     
    10,089
     
     
     
     
     
     
     
     
    222
     
     
    (b)
    The Group does not have restrictions in the realization of its investment properties.
     
    (c)
    During 2017 the fair value of the investment property amounted to US$191,086 (US$23,624,295 during 2016).
     
    (d)
    As mentioned in note 16(e), the subsidiary Buenaventura Ingenieros S.A. (hereinafter "BISA") sold to a third party its investment properties located in the El Derby Capital Building, district of Surco, for US$11,250,000, with a net cost of US$9.6 million.
     
    (e)
    During 2017, rental income, from these investment properties amounted to US$234,677 (US$1,821,320 and US$1,710,766 during 2016 and 2015, respectively).