Property, furniture and equipment, net

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about property, plant and equipment [abstract]

8.	Property, furniture and equipment, net

(a)

The movement of property, furniture and equipment and depreciation for the years ended December 31, 2023, 2022 and 2021, is as follows:


																Right-of-use assets
Description	Land			Buildings, facilities and leasehold improvements			Furniture and equipment			Vehicles			Assets and work-in-progress			Buildings and facilities			Furniture and equipment			Total 2023			Total 2022			Total 2021
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Cost
Balance as of January 1		141,206			600,168			806,066			1,233			34,014			279,998			2,292			1,864,977			1,826,051			1,781,765
Acquisition of Izipay, Note 1(d)		—			—			—			—			—			—			—			—			90,079			—
Additions		—			3,684			108,077			—			35,884			35,901			—			183,546			168,214			118,974
Transfers		—			6,974			4,171			—			(26,494	)		—			15,349			—			—			—
Transfer (to) from investment property, Note 3.4(o)		(1,231	)		13,426			(2	)		—			—			—			—			12,193			(10,643	)		(2,029	)
Disposals, write-offs and others (d)		(14,153	)		(11,434	)		(27,515	)		(17	)		(198	)		(14,973	)		—			(68,290	)		(208,724	)		(72,659	)

Balance as of December 31		125,822			612,818			890,797			1,216			43,206			300,926			17,641			1,992,426			1,864,977			1,826,051

Depreciation
Balance as of January 1		—			(312,150	)		(582,287	)		(951	)		—			(175,961	)		(2,196	)		(1,073,545	)		(1,010,933	)		(937,338	)
Depreciation of the year		—			(20,599	)		(71,113	)		(119	)		—			(49,209	)		(14,983	)		(156,023	)		(133,825	)		(121,932	)
Transfer to (from) investment property, Note 3.4(o)		—			—			—			—			—			—			—			—			1,286			1,038
Disposals, write-offs and others (d)		—			7,282			24,642			12			—			10,038			—			41,974			69,927			47,299

Balance as of December 31		—			(325,467	)		(628,758	)		(1,058	)		—			(215,132	)		(17,179	)		(1,187,594	)		(1,073,545	)		(1,010,933	)

Net book value		125,822			287,351			262,039			158			43,206			85,794			462			804,832			791,432			815,118

(b)

Financial entities in Peru are prohibited from pledging their fixed assets.

(c)

Management periodically reviews the residual values, useful life and the depreciation method to ensure they are consistent with the economic benefits and life expectation of property, furniture and equipment. In Management’s opinion, there is no evidence of impairment in property, furniture and equipment as of December 31, 2023, 2022 and 2021.

(d)

During 2023, transactions includes the sale of a property, performed by Interbank to a third party, for US$

8,552,000 (equivalent to approximately S/32,667,000), with a net disposal cost of S/17,367,000. The gain generated from the sale amounted to S/15,300,000, and was recorded as “Gain on sale of Property, furniture and equipment” in the caption “Other income and (expenses)” in the consolidated statement of income; see Note 21.

During 2022, transactions includes the sale of a land lot, performed by Interbank to a related entity, for US$

14,100,000 (equivalent to approximately S/54,313,000), with a net disposal cost of S/44,374,000. The gain generated from the sale amounted to S/9,939,000, and was recorded as “Gain on sale of Property, furniture and equipment” in the caption “Other income and (expenses)” in the consolidated statement of income; see Note 21. Additionally, includes the sale of two land lots from Interseguro to a related entity, recorded as financial lease according to IFRS 16. This sale implied the derecognition of a right-of-use asset, net of depreciation, for S/59,051,000, alongside a derecognition of a right-of-use liability for S/77,305,000 (see Note 8(e)), generating a net disposal cost of S/18,253,000 and a gain amount

ing

to S/1,841,000,

presented as “Gain on sale of Property, furniture and equipment” in the caption “Other income and (expenses)” in the consolidated statement of income; see Note 21.

(e)

The following table shows the book values of lease liabilities (included in the caption “Other accounts payable, provisions and other liabilities”); see Note 10(a) and the movement of the year:


	2023			2022
	S/(000)			S/(000)
As of January 1		112,581			234,946
Additions		35,900			40,610
Interest expenses, Note 19(a)		5,562			9,283
Disposals (*)		(5,433	)		(106,990	)
Exchange differences		(279	)		(2,948	)
Payments		(57,818	)		(62,320	)

As of December 31		90,513			112,581

(*) As of December 31, 2022, these withdrawals are mainly related to the sale of land carried out by Interseguro, see (d) above.

As of December 31, 2023 and 2022, the amortization schedule of these obligations is as follows:


	2023		2022
	S/(000)		S/(000)
2023		-		38,095
2024		2,709		27,497
2025		31,956		18,571
2026		20,801		15,698
2027 onwards		35,047		12,720

Total		90,513		112,581

The following table shows the amounts recognized in the consolidated statement of income:


	2023		2022		2021
	S/(000)		S/(000)		S/(000)
Depreciation expenses of right-of-use assets		49,305		53,134		58,698
Interest expenses of lease liabilities, Note 19(a)		5,562		9,283		14,004
Expenses related to short-term and low-value assets leases (included in administrative expenses, see Note 24(c))		9,643		10,958		11,841

Total amount recognized in the consolidated statement of income		64,510		73,375		84,543

During year 2023, the Group paid leases for approximately S/89,334,000 (S/146,982,000 during year 2022).