v3.25.1
Related Parties
 12 Months Ended
Dec. 31, 2024
Related Parties [Abstract]  
Related parties
22.Related parties

 

Transactions with related entities -

 

During 2024, 2023 and 2022, the Company carried out the following transactions with its parent company Inversiones ASPI S.A. and its other related parties:

 

   2024   2023   2022 
   S/(000)   S/(000)   S/(000) 
             
Income            
Parent            
Inversiones ASPI S.A. (ASPI)            
Fees for management and administrative services   88    88    100 
Income from office lease   16    16    16 
                
Other related parties               
Compañía Minera Ares S.A.C. (Ares)               
Income from land lease, note 24   1,224    1,150    1,200 
Income from office lease   357    259    244 
                
Fosfatos del Pacífico S.A. (Fospac)               
Fees for management and administrative services   144    143    46 
Income from office lease   16    16    16 
                
Fossal S.A.A.(Fossal)               
Fees for management and administrative services   44    44    52 
Income from office lease   16    16    16 
                
Asociación Sumac Tarpuy               
Income from office lease   16    16    16 
                
Expense               
Other related parties               
Security services provided by Compañía Minera Ares S.A.C.   (2,570)   (1,940)   (2,110)

As a result of these transactions, the Company had the following rights and obligations as of December 31, 2024 and 2023:

 

   2024   2023 
   Accounts
receivable		   Accounts
payable		   Accounts
receivable		   Accounts
payable		 
   S/(000)   S/(000)   S/(000)   S/(000) 
                 
Parent                
Inversiones ASPI S.A.   115    
-
    89    - 
    115    
-
    89    - 
                     
Other related parties                    
Fosfatos del Pacífico S.A.   1,409    23    1,413    305 
Compañía Minera Ares S.A.C.   231    
-
    315    211 
Fossal S.A.A.   126    
-
    52    
-
 
Other   88    
-
    104    
-
 
    1,854    23    1,884    516 
    1,969    23    1,973    516 

 

Terms and conditions of transactions with related parties -

 

Outstanding balances with related parties at the year-end are unsecured and interest free and settlement occurs in cash. For the years ended December 31, 2024, 2023 and 2022, the Group had not recorded an allowance for expected credit losses relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.

 

Compensation of key management personnel of the Group –

 

The compensation paid to key management personnel includes expenses for profit-sharing, compensation and other concepts for members of the Board of Directors and the key management. For the year ended December 31, 2024, the total short-term compensation amounted to S/27,704,000 (2023: S/28,922,000 and 2022: S/26,066,000) and the total long-term compensation amounted to S/7,167,000 (2023: S/7,632,000 and 2022: S/8,272,000), and there were no post-employment or contract termination benefits or share-payments.