| Schedule of trade and other receivables, net |
| | | | | | | 2024 | | 2023 | | | US$(000) | | US$(000) | Trade receivables (b) | | | | | Domestic clients | | 161,743 | | 157,296 | Foreign clients | | 55,693 | | 46,051 | Related entities, note 32(b) | | 669 | | 421 | | | 218,105 | | 203,768 | Allowance for expected credit losses (h) | | (24,567) | | (22,276) | | | 193,538 | | 181,492 | Other receivables | | | | | Tax claims (c) | | 535,860 | | 546,385 | Value added tax credit | | 61,452 | | 66,515 | Other accounts receivables to third parties | | 26,284 | | 27,585 | Restricted bank accounts (d) | | 9,902 | | 1,058 | Refund of value added tax applications (e) | | 8,963 | | 2,591 | Accounts receivable from Howden Hodco Perú (i), note 29(a) | | 7,480 | | 12,564 | | | | | | Interest receivable | | 3,525 | | 2,634 | Bank accounts in trust (f) | | 2,839 | | 3,075 | Advances to suppliers | | 2,704 | | 6,810 | Related entities, note 32(b) | | 2,285 | | 2,486 | Due from for sales of assets (g) | | 100 | | 2,744 | Other | | 2,374 | | 1,401 | | | 663,768 | | 675,848 | Allowance for expected credit losses (h) | | (2,757) | | (4,141) | | | 661,011 | | 671,707 | Total trade and other receivables | | 854,549 | | 853,199 | | | | | | Classification by maturity: | | | | | Current portion | | 256,602 | | 240,319 | Non-current portion | | 597,947 | | 612,880 | Total trade and other receivables | | 854,549 | | 853,199 | | | | | | Classification by nature: | | | | | Financial receivables | | 245,435 | | 237,708 | Non-financial receivables | | 609,114 | | 615,491 | Total trade and other receivables | | 854,549 | | 853,199 | | | | | | Classification by measurement: | | | | | Trade receivables (not subject to provisional pricing) | | 83,466 | | 55,906 | Trade receivables (subject to provisional pricing) | | 110,072 | | 125,586 | Other accounts receivables | | 661,011 | | 671,707 | Total trade and other receivables | | 854,549 | | 853,199 |
See related accounting policies in Note 2.4 (b). | (b) | Trade accounts receivable are denominated in U.S. dollars, are neither due nor impaired (except for those included in the Group’s allowance for expected credit losses, see (h)) do not yield interest and have no specific guarantees. |
| (c) | Corresponds to forced payments of tax debts that are in litigation and that, in the opinion of management and its legal advisors, a favorable result should be obtained in the judicial and administrative processes that have been initiated, see note 31(d): |
| | | | | | | | | Payment | | 2024 | | 2023 | Detail | | Date | | US$(000) | | US$(000) | | | | | | | | Buenaventura (c.1) - | | | | | | | Payment of tax debt for fiscal year 2007 - 2008 | | July 2021 | | 420,361 | | 426,374 | Payment of tax debt for fiscal year 2010 | | July 2021 | | 94,915 | | 96,273 | Payment of tax debt for fiscal year 2009 | | July 2021 | | 51,463 | | 52,199 | SUNAT seizure for payment on account from January to December 2009; January and February 2010 | | December 2019 | | 32,002 | | 32,459 | Payment of part of the tax liability debt for fiscal year 2007 | | November - December 2020 | | 19,176 | | 19,451 | SUNAT seizure for payment on account on Income Tax 2007-2008-2009 | | January 2021 | | 5,101 | | 5,174 | Payment in claim to SUNAT for the year 2018 | | August 2023 | | 2,844 | | 3,306 | Payment of tax debt for fiscal year 2017 | | December 2022 | | 2,456 | | 2,490 | Payment of the tax liability debt imputed by SUNAT in the IGV inspection process January-December 2014 to benefit from the gradual nature of the fine | | November 2020 | | 1,262 | | 1,280 | Payment of part of the tax liability debt for fiscal year 2010 | | December 2020 | | 479 | | 486 | Other minors | | | | 2,688 | | 2,832 | | | | | | | | Payment in claim to the Tax Administration | | | | 632,747 | | 642,324 | | | | | | | | El Brocal - | | | | | | | Payment under protest of the tax liability for fiscal year 2017 | | October 2023 | | 5,993 | | 6,079 | Forced payment of part of the tax debt for fiscal year 2014. | | January 2021 | | 834 | | 1,314 | Payment of the fine for the benefit of reducing the fine for fiscal year 2015. | | January 2020 | | 190 | | 269 | | | | | 7,017 | | 7,662 | Río Seco - | | | | | | | Forced payment of part of the VAT liability for 2012. | | July to September 2019 | | 3,229 | | 3,232 | Forced payment of part of the tax debt for fiscal year 2020. | | November 2022 | | 613 | | 620 | Payment in force as part of the tax liability of year 2020 | | February 2020 | | 77 | | 4 | | | | | 3,919 | | 3,856 | Huanza - | | | | | | | Payment under protest of the tax liability for fiscal year 2014 | | December 2022 | | 1,621 | | 1,644 | | | | | | | | La Zanja - | | | | | | | SUNAT seizure for income tax for fiscal year 2016 | | October 2022 | | 2,384 | | 2,418 | Forced payment of part of the tax debt for fiscal year 2013-2015. | | April 2021 | | 814 | | 826 | Forced payment of part of the tax debt for fiscal year 2019 | | December 2023 | | 484 | | 494 | | | | | 3,682 | | 3,738 | Chaupiloma - | | | | | | | SUNAT seizure for income tax for fiscal year 2011 | | September 2021 | | — | | 339 | | | | | — | | 339 | | | | | | | | Conenhua - | | | | | | | Payment under protest of the tax liability of the fiscal year 2017 | | September 2021 | | 14 | | — | | | | | 14 | | — | | | | | | | | | | | | 649,000 | | 659,563 |
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| Schedule of restricted bank accounts for payments of financial obligation explanatory |
| | | | | | | | | 2024 | | 2023 | | 2022 | | | US$(000) | | US$(000) | | US$(000) | | | | | | | | Beginning balance | | 1,058 | | 1,092 | | 359 | Increase | | 8,877 | | — | | 733 | Decrease | | (33) | | (34) | | — | Ending balance | | 9,902 | | 1,058 | | 1,092 |
| (e) | Corresponds mainly to current year refunds applications that are pending as of December 31 of each period. |
| (f) | Corresponds to withholding deposits maintained at Banco de la Nación and, in accordance with the tax law of Peru, can only be used to pay tax debts that the Group has with the Tax Administration. |
| (g) | As of December 31, 2023, the balance includes an account receivable related to the sale of mining concessions of the subsidiary Chaupiloma to Yanacocha for US$1.9 million. |
Likewise, during 2022, the Group recorded a loss of US$2 million, which is presented under the item “Others, net,” see note 28, related to the sale of the Mallay mining unit (original amount of US$7.3 million), which was transferred and collected from a third party in May 2022 for US$6 million.
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| Schedule of Tax claims of previous years |
| | | | | | | | | | | Tax claim liability, | | Tax claims as | | | Disbursements | | note 31(d) | | 31.12.2023 | Years | | US$(000) | | US$(000) | | US$(000) | | | | | | | | 2007 | | 180,484 | | — | | 180,484 | 2008 | | 259,053 | | — | | 259,053 | 2009 | | 85,053 | | (34,801) | | 50,252 | 2010 | | 98,907 | | (77,022) | | 21,885 | 2017 | | 2,456 | | — | | 2,456 | 2018 | | 2,844 | | — | | 2,844 | Buenaventura’s forced payments claimed | | 628,797 | | (111,823) | | 516,974 | Other Buenaventura’s claims | | 3,950 | | — | | 3,950 | Other Buenaventura’s subsidiaries forced payments claimed | | 16,253 | | (1,317) | | 14,936 | Total | | 649,000 | | (113,140) | | 535,860 |
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