Transactions in soles

12 Months Ended

Dec. 31, 2024

Transactions in soles

Transactions in soles

5. Transactions in soles

Transactions in soles are completed using exchange rates published by the Superintendent of Banks, Insurance and A.F.P. As of December 31, 2024, the exchange rates for U.S. dollars published by this Institution were US$0.2661 for buying and US$0.2653 for selling (US$0.2699 for buying and US$0.2693 for selling as of December 31, 2023) and have been applied by the Group for the assets and liabilities accounts, respectively.

As of December 31, 2024, and 2023, the Group presents the following assets and liabilities originally denominated in soles by its equivalent in U. S. dollars:


		2024		2023
		US$(000)		US$(000)

Assets
Cash and cash equivalents		10,255		12,124
Trade and other receivables		616,659		749,980
Income tax credit		28,340		16,985
		655,254		779,089

Liabilities
Trade and other payables		(82,881)		(94,487)
Provisions		(22,003)		(16,085)
Income tax payable		(75,494)		(6,186)
		(180,378)		(116,758)
Net asset position		474,876		662,331

For the year-ended December 31, 2024, the Group recognized a gain for exchange rate of approximately US$9,184,000 (gain in exchange rate of US$19,375,000 and US$26,871,000 for the year ended December 31, 2023 and 2022, respectively) in the caption “Foreign currency exchange difference” in the consolidated statements of profit or loss.

See related accounting policies in Note 2.4(a).