12/31/2012

Activo
Activo Corriente
Efectivo Equivalente de Efectivo S/15,400,000.00
Cuentas por cobrar comerciales, neto S/114,900,000.00
Cuentas por cobrar a entidades relacionadas S/168,700,000.00
Otras cuentas por cobrar, neto S/8,800,000.00
Inventarios,neto S/12,100,000.00
Inversiones en acciones
Activos disponibles para la venta
Gastos contratados por anticipado
Total activo corriente S/319,900,000.00
Cuentas por cobrar comerciales a largo plazo, neto S/5,400,000.00
Cuentas por cobrar a entidades relacionadas a largo plazo S/6,900,000.00
Otras cuentas por cobrar a largo plazo, neto S/4,100,000.00
Inversiones en subdidiarias, asociadaas y negocio conjunto
Inversiones financieras S/1,086,400.00
Propiedades de inversion, neto S/275,300,000.00
Inmuebles, maquinaria y equipo S/100,000.00
Otros activos,neto
Intangible neto
Credito mercantil
Activo por impuesto a las ganancias diferido
Total activo no corriente S/292,886,400.00
Total activo S/612,786,400.00
Pasivo y Patrimonio neto
Pasivo corriente
Obligaciones financieras
Otros pasivos financieros S/61,000,000.00
Cuentas por pagar comerciales S/46,300,000.00
Remuneraciones, participacion de los trabajadores
Tributos y Otras cuentas por pagar S/33,500,000.00
Cuentas por pagar a entidades relacionadas S/101,500,000.00
Pasivos por impuestos a las ganancias S/2,000,000.00
Total pasivo corriente S/244,300,000.00
Otros pasivos financieros a largo plazo
Otras cuentas por pagar
Pasivos por impuestos a las ganancias diferidos,neto S/44,300,000.00
Interes minoritario
Total pasivo no corriente S/44,300,000.00
Total Pasivo S/288,600,000.00
Patrimonio
Capital social S/803,200,000.00
Capital emitido
Acciones en tesoreria
Capital adicional
Reserva Legal
Otras reservas de patrimonio
Resultados por conversion
Resultados acumulados
Total Patrimonio
Total Pasivo y Patrimonio
S/95,700,000.00
S/82,200,000.00
S/93,900,000.00
S/175,900,000.00
S/1,250,900,000.00
S/1,539,500,000.00
 12/31/2013 12/31/2014 12/31/2015 12/31/2016

S/16,500,000.00 S/ 4,500,000.00 S/ 76,700,000.00 S/ 25,000,000.00

S/12,100,000.00 S/ 4,300,000.00 S/ 3,300,000.00 S/ 4,400,000.00
S/174,800,000.00 S/ 237,500,000.00 S/ 106,200,000.00 S/ 132,500,000.00
S/8,400,000.00 S/ 10,200,000.00 S/ 16,300,000.00 S/ 23,300,000.00
S/2,900,000.00

S/400,000.00 S/ 1,000,000.00 S/ 700,000.00 S/ 1,200,000.00

S/215,100,000.00 S/ 257,500,000.00 S/ 203,200,000.00 S/ 186,400,000.00
S/800,000.00 S/ 1,400,000.00
S/590.00 S/ 523,600,000.00 S/ 696,400,000.00 S/ 455,500,000.00
S/2,900,000.00 S/ 1,700,000.00 S/ 1,300,000.00 S/ 900,000.00
S/ 1,695,700,000.00
S/1,209,300.00 S/ 1,554,900,000.00 S/ 1,635,500,000.00
S/347,000,000.00 S/ 292,000,000.00
S/100,000.00 S/ 346,100,000.00 S/ 348,100,000.00
S/ 200,000.00 S/ - S/ 400,000.00

S/352,009,890.00 S/ 2,426,500,000.00 S/ 2,681,300,000.00 S/ 2,445,900,000.00

567109890 S/ 2,684,000,000.00 S/ 2,884,500,000.00 S/ 2,632,300,000.00

S/ 25,900,000.00 S/ 41,700,000.00 S/ 52,600,000.00 S/ 60,900,000.00

S/ 900,000.00 S/ 500,000.00 S/ 2,700,000.00 S/ 1,400,000.00

S/ 28,400,000.00 S/ 46,000,000.00 S/ 48,500,000.00 S/ 25,400,000.00

S/ 40,400,000.00 S/ 1,000,000.00 S/ 900,000.00 S/ 2,900,000.00

S/ 95,600,000.00 S/ 89,200,000.00 S/ 104,700,000.00 S/ 90,600,000.00

S/ 864,600,000.00 S/ 957,500,000.00 S/ 1,045,800,000.00 S/ 714,200,000.00

S/ 55,700,000.00 S/ 41,500,000.00 S/ 39,900,000.00 S/ 29,900,000.00

S/ 920,300,000.00 S/ 999,000,000.00 S/ 1,085,700,000.00 S/ 744,100,000.00

S/ 1,015,900,000.00 S/ 1,088,200,000.00 S/ 1,190,400,000.00 S/ 834,700,000.00

S/ 945,200,000.00
 S/ 1,014,300,000.00 S/ 1,014,300,000.00 S/ 1,014,300,000.00
S/ -27,000,000.00 S/ -50,200,000.00
S/ 63,800,000.00 S/ 73,500,000.00 S/ 65,400,000.00 S/ 50,300,000.00
S/ 99,800,000.00 S/ 110,100,000.00 S/ 123,200,000.00 S/ 139,400,000.00
S/ 137,200,000.00 S/ 245,900,000.00 S/ 250,300,000.00 S/ 272,500,000.00
S/ 20,900,000.00 S/ 49,000,000.00
S/ 103,300,000.00 S/ 1,311,000.00 S/ 218,900,000.00 S/ 371,100,000.00
S/ 1,349,300,000.00 S/ 1,466,011,000.00 S/ 1,694,100,000.00 S/ 1,797,400,000.00
S/ 2,365,200,000.00 S/ 2,554,211,000.00 S/ 2,884,500,000.00 S/ 2,632,100,000.00
 12/31/2017

S/ 11,800,000.00
S/ 2,100,000.00
S/ 140,600,000.00
S/ 20,600,000.00

S/ 80,100,000.00
S/ 14,600,000.00
S/ 1,100,000.00
S/ 270,900,000.00
S/ 1,000,000.00
S/ 221,200,000.00

S/ 1,580,600,000.00

S/ 367,700,000.00
S/ 900,000.00
S/ 500,000.00

S/ 2,171,900,000.00
S/ 2,442,800,000.00

S/ 40,000,000.00
S/ 2,400,000.00

S/ 25,300,000.00
S/ 3,000,000.00

S/ 70,700,000.00
S/ 369,100,000.00

S/ 43,800,000.00

S/ 412,900,000.00
S/ 483,600,000.00
S/ 975,700,000.00

S/ 73,500,000.00
S/ 162,400,000.00
S/ 264,700,000.00

S/ 482,900,000.00
S/ 1,959,200,000.00
S/ 2,442,800,000.00
 12/31/2012
Activo
Activo Corriente
Efectivo Equivalente de Efectivo S/15,400,000.00
Cuentas por cobrar comerciales, neto S/114,900,000.00
Cuentas por cobrar a entidades relacionadas S/168,700,000.00
Otras cuentas por cobrar, neto S/8,800,000.00
Inventarios,neto S/12,100,000.00
Inversiones en acciones
Activos disponibles para la venta
Gastos contratados por anticipado
Total activo corriente S/319,900,000.00
Cuentas por cobrar comerciales a largo plazo, neto S/5,400,000.00
Cuentas por cobrar a entidades relacionadas a largo plazo S/6,900,000.00
Otras cuentas por cobrar a largo plazo, neto S/4,100,000.00
Inversiones en subdidiarias, asociadaas y negocio conjunto
Inversiones financieras S/1,086,400.00
Propiedades de inversion, neto S/275,300,000.00
Inmuebles, maquinaria y equipo S/100,000.00
Otros activos,neto
Intangible neto
Credito mercantil
Activo por impuesto a las ganancias diferido
Total activo no corriente S/292,886,400.00
Total activo S/612,786,400.00
Pasivo y Patrimonio neto
Pasivo corriente
Obligaciones financieras
Otros pasivos financieros S/61,000,000.00
Cuentas por pagar comerciales S/46,300,000.00
Remuneraciones, participacion de los trabajadores
Tributos y Otras cuentas por pagar S/33,500,000.00
Cuentas por pagar a entidades relacionadas S/101,500,000.00
Pasivos por impuestos a las ganancias S/2,000,000.00
Total pasivo corriente S/244,300,000.00
Otros pasivos financieros a largo plazo
Otras cuentas por pagar
Pasivos por impuestos a las ganancias diferidos,neto S/44,300,000.00
Interes minoritario
Total pasivo no corriente S/44,300,000.00
Total Pasivo S/288,600,000.00
Patrimonio
Capital social S/803,200,000.00
Capital emitido
Acciones en tesoreria
Capital adicional S/95,700,000.00
 Reserva Legal S/82,200,000.00
Otras reservas de patrimonio S/93,900,000.00
Resultados por conversion
Resultados acumulados S/175,900,000.00
Total Patrimonio S/1,250,900,000.00

Total Pasivo y Patrimonio S/1,539,500,000.00

 12/31/2013 VARIACION 12/31/2014 12/31/2015

S/16,500,000.00 S/1,100,000.00 S/ 4,500,000.00 S/ 76,700,000.00

S/12,100,000.00 S/ -102,800,000.00 S/ 4,300,000.00 S/ 3,300,000.00
S/174,800,000.00 S/ 6,100,000.00 S/ 237,500,000.00 S/ 106,200,000.00
S/8,400,000.00 S/ -400,000.00 S/ 10,200,000.00 S/ 16,300,000.00
S/2,900,000.00 S/ -9,200,000.00
S/ -
S/ -
S/400,000.00 S/ 400,000.00 S/ 1,000,000.00 S/ 700,000.00
S/215,100,000.00 S/ -104,800,000.00 S/ 257,500,000.00 S/ 203,200,000.00
S/800,000.00 S/ -4,600,000.00
S/590.00 S/ -6,899,410.00 S/ 523,600,000.00 S/ 696,400,000.00
S/2,900,000.00 S/ -1,200,000.00 S/ 1,700,000.00 S/ 1,300,000.00
S/ -
S/1,209,300.00 S/ 122,900.00 S/ 1,554,900,000.00 S/ 1,635,500,000.00
S/347,000,000.00 S/ 71,700,000.00
S/100,000.00 S/ - S/ 346,100,000.00 S/ 348,100,000.00
S/ - S/ 200,000.00 S/ -

S/352,009,890.00 S/ 59,123,490.00 S/ 2,426,500,000.00 S/ 2,681,300,000.00

567109890 S/ -45,676,510.00 S/ 2,684,000,000.00 S/ 2,884,500,000.00

S/ 25,900,000.00 S/ -35,100,000.00 S/ 41,700,000.00 S/ 52,600,000.00

S/ 900,000.00 S/ -45,400,000.00 S/ 500,000.00 S/ 2,700,000.00

S/ 28,400,000.00 S/ -5,100,000.00 S/ 46,000,000.00 S/ 48,500,000.00

S/ 40,400,000.00 S/ -61,100,000.00 S/ 1,000,000.00 S/ 900,000.00
S/ -2,000,000.00
S/ 95,600,000.00 S/ -148,700,000.00 S/ 89,200,000.00 S/ 104,700,000.00
S/ 864,600,000.00 S/ 864,600,000.00 S/ 957,500,000.00 S/ 1,045,800,000.00

S/ 55,700,000.00 S/ 11,400,000.00 S/ 41,500,000.00 S/ 39,900,000.00

S/ 920,300,000.00 S/ 876,000,000.00 S/ 999,000,000.00 S/ 1,085,700,000.00

S/ 1,015,900,000.00 S/ 727,300,000.00 S/ 1,088,200,000.00 S/ 1,190,400,000.00

S/ 945,200,000.00 S/ 142,000,000.00
S/ 1,014,300,000.00 S/ 1,014,300,000.00
S/ -27,000,000.00
S/ 63,800,000.00 S/ -31,900,000.00 S/ 73,500,000.00 S/ 65,400,000.00
S/ 99,800,000.00 S/ 17,600,000.00 S/ 110,100,000.00 S/ 123,200,000.00
S/ 137,200,000.00 S/ 43,300,000.00 S/ 245,900,000.00 S/ 250,300,000.00
S/ 20,900,000.00 S/ 49,000,000.00
S/ 103,300,000.00 S/ -72,600,000.00 S/ 1,311,000.00 S/ 218,900,000.00
S/ 1,349,300,000.00 S/ 98,400,000.00 S/ 1,466,011,000.00 S/ 1,694,100,000.00

S/ 2,365,200,000.00 S/ 825,700,000.00 S/ 2,554,211,000.00 S/ 2,884,500,000.00

 VARIACION 12/31/2016 12/31/2017

S/ 72,200,000.00 S/ 25,000,000.00 S/ 11,800,000.00

S/ -1,000,000.00 S/ 4,400,000.00 S/ 2,100,000.00
S/ -131,300,000.00 S/ 132,500,000.00 S/ 140,600,000.00
S/ 6,100,000.00 S/ 23,300,000.00 S/ 20,600,000.00

S/ 80,100,000.00
S/ 14,600,000.00
S/ -300,000.00 S/ 1,200,000.00 S/ 1,100,000.00
S/ -54,300,000.00 S/ 186,400,000.00 S/ 270,900,000.00
S/ 1,400,000.00 S/ 1,000,000.00
S/ 172,800,000.00 S/ 455,500,000.00 S/ 221,200,000.00
S/ -400,000.00 S/ 900,000.00
S/ 1,695,700,000.00 S/ 1,580,600,000.00
S/ 80,600,000.00
S/ 292,000,000.00 S/ 367,700,000.00
S/ 2,000,000.00 S/ 900,000.00
S/ -200,000.00 S/ 400,000.00 S/ 500,000.00

S/ 254,800,000.00 S/ 2,445,900,000.00 S/ 2,171,900,000.00

S/ 200,500,000.00 S/ 2,632,300,000.00 S/ 2,442,800,000.00

S/ 10,900,000.00 S/ 60,900,000.00 S/ 40,000,000.00

S/ 2,200,000.00 S/ 1,400,000.00 S/ 2,400,000.00

S/ 2,500,000.00 S/ 25,400,000.00 S/ 25,300,000.00

S/ -100,000.00 S/ 2,900,000.00 S/ 3,000,000.00

S/ 15,500,000.00 S/ 90,600,000.00 S/ 70,700,000.00

S/ 88,300,000.00 S/ 714,200,000.00 S/ 369,100,000.00

S/ -1,600,000.00 S/ 29,900,000.00 S/ 43,800,000.00

S/ 86,700,000.00 S/ 744,100,000.00 S/ 412,900,000.00

S/ 102,200,000.00 S/ 834,700,000.00 S/ 483,600,000.00

S/ - S/ 1,014,300,000.00 S/ 975,700,000.00
S/ -27,000,000.00 S/ -50,200,000.00
S/ -8,100,000.00 S/ 50,300,000.00 S/ 73,500,000.00
S/ 13,100,000.00 S/ 139,400,000.00 S/ 162,400,000.00
S/ 4,400,000.00 S/ 272,500,000.00 S/ 264,700,000.00
S/ 28,100,000.00
S/ 217,589,000.00 S/ 371,100,000.00 S/ 482,900,000.00
S/ 228,089,000.00 S/ 1,797,400,000.00 S/ 1,959,200,000.00

S/ 2,632,100,000.00 S/ 2,442,800,000.00
S/ 330,289,000.00
 VARIACION

S/ -13,200,000.00
S/ -2,300,000.00
S/ 8,100,000.00
S/ -2,700,000.00

S/ 80,100,000.00
S/ 14,600,000.00
S/ -100,000.00
S/ 84,500,000.00
S/ -400,000.00
S/ -234,300,000.00
S/ -900,000.00
S/ -115,100,000.00

S/ 75,700,000.00
S/ 900,000.00
S/ 100,000.00

S/ -274,000,000.00
S/ -189,500,000.00

S/ -20,900,000.00
S/ 1,000,000.00

S/ -100,000.00
S/ 100,000.00

S/ -19,900,000.00
S/ -345,100,000.00

S/ 13,900,000.00

S/ -331,200,000.00
S/ -351,100,000.00

S/ -38,600,000.00
S/ 50,200,000.00
S/ 23,200,000.00
S/ 23,000,000.00
S/ -7,800,000.00
S/ -
S/ 111,800,000.00
S/ 161,800,000.00

S/ -189,300,000.00
6
 12/31/2012

Efectivo Equivalente de Efectivo S/ 15,400,000.00

Cuentas por cobrar comerciales, neto S/ 114,900,000.00
Cuentas por cobrar a entidades relacionadas S/ 168,700,000.00
Otras cuentas por cobrar, neto S/ 8,800,000.00
Inventarios,neto S/ 12,100,000.00
Inversiones en acciones S/ -
Activos disponibles para la venta S/ -
Gastos contratados por anticipado S/ 700,000.00
Total activo corriente S/ 320,600,000.00
Cuentas por cobrar comerciales a largo plazo, neto S/ 5,400,000.00
Cuentas por cobrar a entidades relacionadas a largo plazo S/ 6,900,000.00
Otras cuentas por cobrar a largo plazo, neto S/ 4,100,000.00
Inversiones en subdidiarias, asociadaas y negocio conjunto
Inversiones financieras S/ 1,086,400,000.00
Propiedades de inversion, neto S/ 275,300,000.00
Inmuebles, maquinaria y equipo S/ 100,000.00
Otros activos,neto
Intangible neto
Credito mercantil
Activo por impuesto a las ganancias diferido
Total activo no corriente S/ 1,378,200,000.00
Total activo S/ 1,698,800,000.00
Pasivo y Patrimonio neto

Obligaciones financieras
Otros pasivos financieros S/ 61,000,000.00
Cuentas por pagar comerciales S/ 46,300,000.00
Remuneraciones, participacion de los trabajadores
Tributos y Otras cuentas por pagar S/ 33,500,000.00
Cuentas por pagar a entidades relacionadas S/ 101,500,000.00
Pasivos por impuestos a las ganancias S/ 2,000,000.00
Total pasivo corriente S/ 244,300,000.00
Otros pasivos financieros a largo plazo S/ 159,300,000.00
Otras cuentas por pagar
Pasivos por impuestos a las ganancias diferidos,neto S/ 44,300,000.00
Interes minoritario
Total pasivo no corriente S/ 203,600,000.00
Total Pasivo S/ 447,900,000.00

Capital social S/ 803,200,000.00

Capital emitido
Acciones en tesoreria
Capital adicional S/ 95,700,000.00
Reserva Legal S/ 82,200,000.00
Otras reservas de patrimonio S/ 93,900,000.00
Resultados por conversion
Resultados acumulados S/ 175,900,000.00
Total Patrimonio S/ 1,250,900,000.00
Total Pasivo y Patrimonio S/ 1,698,800,000.00
PORCENTUAL 12/31/2013 PORCENTUAL 12/31/2014
Activo
Activo Corriente
0.91 S/ 16,500,000.00 0.70 S/ 4,500,000.00
6.76 S/ 12,100,000.00 0.51 S/ 4,300,000.00
9.93 S/ 174,800,000.00 7.39 S/ 237,500,000.00
0.52 S/ 8,400,000.00 0.36 S/ 10,200,000.00
0.71 S/ 2,900,000.00 0.12

0.04 S/ 400,000.00 0.02 S/ 1,000,000.00

18.87 S/ 215,100,000.00 9.09 S/ 257,500,000.00
0.32 S/ 800,000.00 0.03
0.41 S/ 590,000,000.00 24.95 S/ 523,600,000.00
0.24 S/ 2,900,000.00 0.12 S/ 1,700,000.00

63.95 S/ 1,209,300,000.00 51.13 S/ 1,554,900,000.00

16.21 S/ 347,000,000.00 14.67
0.01 S/ 100,000.00 S/ 346,100,000.00
S/ 200,000.00

81.13 S/ 2,150,100,000.00 90.91 S/ 2,426,500,000.00

100.00 S/ 2,365,200,000.00 100.00 S/ 2,684,000,000.00

Pasivo corriente

13.62 S/ 25,900,000.00 2.55 S/ 41,700,000.00

10.34 S/ 900,000.00 0.09 S/ 500,000.00
0.00
7.48 S/ 28,400,000.00 2.80 S/ 46,000,000.00
22.66 S/ 40,400,000.00 3.98 S/ 1,000,000.00
0.45 0.00
54.54 S/ 95,600,000.00 9.41 S/ 89,200,000.00
35.57 S/ 864,600,000.00 85.11 S/ 957,500,000.00
0.00
9.89 S/ 55,700,000.00 5.48 S/ 41,500,000.00
0.00
45.46 S/ 920,300,000.00 90.59 S/ 999,000,000.00
100.00 S/ 1,015,900,000.00 100.00 S/ 1,088,200,000.00
Patrimonio
64.21 S/ 945,200,000.00 70.05
0.00 0.00 S/ 1,014,300,000.00
 0.00 0.00
7.65 S/ 63,800,000.00 4.73 S/ 73,500,000.00
6.57 S/ 99,800,000.00 7.40 S/ 110,100,000.00
7.51 S/ 137,200,000.00 10.17 S/ 245,900,000.00
0.00 0.00 S/ 20,900,000.00
14.06 S/ 103,300,000.00 7.66 S/ 131,100,000.00
100.00 S/ 1,349,300,000.00 100.00 S/ 1,595,800,000.00
S/ 2,365,200,000.00 S/ 2,684,000,000.00
 PORCENTUAL 12/31/2015 PORCENTUAL 12/31/2016
vo
orriente
0.17 S/ 76,700,000.00 2.66 S/ 25,000,000.00
0.16 S/ 3,300,000.00 0.11 S/ 4,400,000.00
8.85 S/ 106,200,000.00 3.68 S/ 132,500,000.00
0.38 S/ 16,300,000.00 0.57 S/ 23,300,000.00
0.00
0.00
0.00
0.04 S/ 700,000.00 0.02 S/ 1,200,000.00
9.59 S/ 203,200,000.00 7.04 S/ 186,400,000.00
0.00 0.00 S/ 1,400,000.00
19.51 S/ 696,400,000.00 24.14 S/ 455,500,000.00
0.06 S/ 1,300,000.00 0.05 S/ 900,000.00
S/ 1,695,700,000.00
57.93 S/ 1,635,500,000.00 56.70
0.00 0.00 S/ 292,000,000.00
12.89 S/ 348,100,000.00 12.07
0.01 S/ 400,000.00

90.41 S/ 2,681,300,000.00 92.96 S/ 2,445,900,000.00

100.00 S/ 2,884,500,000.00 100.00 S/ 2,632,300,000.00

rriente

3.83 S/ 52,600,000.00 4.42 S/ 60,900,000.00

0.05 S/ 2,700,000.00 0.23 S/ 1,400,000.00
0.00 0.00
4.23 S/ 48,500,000.00 4.07 S/ 25,400,000.00
0.09 S/ 900,000.00 0.08 S/ 2,900,000.00
0.00
8.20 S/ 104,700,000.00 8.80 S/ 90,600,000.00
87.99 S/ 1,045,800,000.00 87.85 S/ 714,200,000.00
0.00
3.81 S/ 39,900,000.00 3.35 S/ 29,900,000.00
0.00
91.80 S/ 1,085,700,000.00 91.20 S/ 744,100,000.00
100.00 S/ 1,190,400,000.00 100.00 S/ 834,700,000.00
onio

63.56 S/ 1,014,300,000.00 59.87 S/ 1,014,300,000.00

 0.00 S/ -27,000,000.00 -1.59 S/ -50,200,000.00
4.61 S/ 65,400,000.00 3.86 S/ 50,300,000.00
6.90 S/ 123,200,000.00 7.27 S/ 139,400,000.00
15.41 S/ 250,300,000.00 14.77 S/ 272,500,000.00
1.31 S/ 49,000,000.00 2.89
8.22 S/ 218,900,000.00 12.92 S/ 371,100,000.00
100.00 S/ 1,694,100,000.00 100.00 S/ 1,797,400,000.00
S/ 2,884,500,000.00 S/ 2,632,100,000.00
PORCENTUAL 12/31/2017 PORCENTUAL

0.95 S/ 11,800,000.00 0.48

0.17 S/ 2,100,000.00 0.09
5.03 S/ 140,600,000.00 5.76
0.89 S/ 20,600,000.00 0.84

S/ 80,100,000.00 3.28
S/ 14,600,000.00 0.60
0.05 S/ 1,100,000.00 0.05
7.08 S/ 270,900,000.00 11.09
0.05 S/ 1,000,000.00 0.04
17.30 S/ 221,200,000.00 9.06
0.03 0.00
64.42 S/ 1,580,600,000.00 64.70
0.00
11.09 S/ 367,700,000.00 15.05
0.00 S/ 900,000.00 0.04
0.02 S/ 500,000.00 0.02

92.92 S/ 2,171,900,000.00 88.91

100.00 S/ 2,442,800,000.00 100.00

7.30 S/ 40,000,000.00 8.27

0.17 S/ 2,400,000.00 0.50
0.00
3.04 S/ 25,300,000.00 5.23
0.35 S/ 3,000,000.00 0.62
0.00 0.00
10.85 S/ 70,700,000.00 14.62
85.56 S/ 369,100,000.00 76.32
0.00
3.58 S/ 43,800,000.00 9.06
0.00
89.15 S/ 412,900,000.00 85.38
100.00 S/ 483,600,000.00 100.00

56.43 S/ 975,700,000.00 49.80

 -2.79 0.00
2.80 S/ 73,500,000.00 3.75
7.76 S/ 162,400,000.00 8.29
15.16 S/ 264,700,000.00 13.51
0.00 0.00
20.65 S/ 482,900,000.00 24.65
100.00 S/ 1,959,200,000.00 100.00
S/ 2,442,800,000.00
 12/31/2012

Activo
Activo Corriente
Efectivo Equivalente de Efectivo S/ 15,400,000.00
Cuentas por cobrar comerciales, neto S/ 114,900,000.00
Cuentas por cobrar a entidades relacionadas S/ 168,700,000.00
Otras cuentas por cobrar, neto S/ 8,800,000.00
Inventarios,neto S/ 12,100,000.00
Inversiones en acciones
Activos disponibles para la venta
Gastos contratados por anticipado S/ 700,000.00
Total activo corriente S/ 320,600,000.00
Cuentas por cobrar comerciales a largo plazo, neto S/ 5,400,000.00
Cuentas por cobrar a entidades relacionadas a largo plazo S/ 6,900,000.00
Otras cuentas por cobrar a largo plazo, neto S/ 4,100,000.00
Inversiones en subdidiarias, asociadaas y negocio conjunto
Inversiones financieras S/ 1,086,400,000.00
Propiedades de inversion, neto S/ 275,300,000.00
Inmuebles, maquinaria y equipo S/ 100,000.00
Otros activos,neto
Intangible neto
Credito mercantil
Activo por impuesto a las ganancias diferido
Total activo no corriente S/ 1,378,200,000.00
Total activo S/ 1,698,800,000.00
Pasivo y Patrimonio neto
Pasivo corriente
Obligaciones financieras
Otros pasivos financieros S/ 61,000,000.00
Cuentas por pagar comerciales S/ 46,300,000.00
Remuneraciones, participacion de los trabajadores
Tributos y Otras cuentas por pagar S/ 33,500,000.00
Cuentas por pagar a entidades relacionadas S/ 101,500,000.00
Pasivos por impuestos a las ganancias S/ 2,000,000.00
Total pasivo corriente S/ 244,300,000.00
Otros pasivos financieros a largo plazo S/ 159,300,000.00
Otras cuentas por pagar
Pasivos por impuestos a las ganancias diferidos,neto S/ 44,300,000.00
Interes minoritario
Total pasivo no corriente S/ 203,600,000.00
Total Pasivo S/ 447,900,000.00
Patrimonio
Capital social S/ 803,200,000.00
 Capital emitido
Acciones en tesoreria
Capital adicional S/ 95,700,000.00
Reserva Legal S/ 82,200,000.00
Otras reservas de patrimonio S/ 93,900,000.00
Resultados por conversion
Resultados acumulados S/ 175,900,000.00
Total Patrimonio S/ 1,250,900,000.00
Total Pasivo y Patrimonio S/ 1,698,800,000.00
 TENDENCIA 12/31/2013 TENDENCIA 12/31/2014

S/ 1.00 S/ 16,500,000.00 1.07 S/ 4,500,000.00

S/ 1.00 S/ 12,100,000.00 0.11 S/ 4,300,000.00
S/ 1.00 S/ 174,800,000.00 1.04 S/ 237,500,000.00
S/ 1.00 S/ 8,400,000.00 0.95 S/ 10,200,000.00
S/ 1.00 S/ 2,900,000.00 0.24

S/ 1.00 S/ 400,000.00 0.57 S/ 1,000,000.00

S/ 1.00 S/ 215,100,000.00 0.67 S/ 257,500,000.00
S/ 1.00 S/ 800,000.00 0.15
S/ 1.00 S/ 590,000,000.00 85.51 S/ 523,600,000.00
S/ 1.00 S/ 2,900,000.00 0.71 S/ 1,700,000.00

S/ 1.00 S/ 1,209,300,000.00 1.11 S/ 1,554,900,000.00

S/ 1.00 S/ 347,000,000.00 1.26
S/ 1.00 S/ 100,000.00 1.00 S/ 346,100,000.00
S/ 200,000.00

S/ 1.00 S/ 2,150,100,000.00 1.56 S/ 2,426,500,000.00

S/ 1.00 S/ 2,365,200,000.00 1.39 S/ 2,684,000,000.00

S/ 1.00 S/ 25,900,000.00 0.42 S/ 41,700,000.00

S/ 1.00 S/ 900,000.00 0.02 S/ 500,000.00

S/ 1.00 S/ 28,400,000.00 0.85 S/ 46,000,000.00

S/ 1.00 S/ 40,400,000.00 0.40 S/ 1,000,000.00
S/ 1.00 0.00
S/ 1.00 S/ 95,600,000.00 0.39 S/ 89,200,000.00
S/ 1.00 S/ 864,600,000.00 5.43 S/ 957,500,000.00

S/ 1.00 S/ 55,700,000.00 1.26 S/ 41,500,000.00

S/ 1.00 S/ 920,300,000.00 4.52 S/ 999,000,000.00

S/ 1.00 S/ 1,015,900,000.00 2.27 S/ 1,088,200,000.00

S/ 1.00 S/ 945,200,000.00 1.18

 S/ 1,014,300,000.00

S/ 1.00 S/ 63,800,000.00 0.67 S/ 73,500,000.00

S/ 1.00 S/ 99,800,000.00 1.21 S/ 110,100,000.00
S/ 1.00 S/ 137,200,000.00 1.46 S/ 245,900,000.00
S/ 20,900,000.00
S/ 1.00 S/ 103,300,000.00 0.59 S/ 131,100,000.00
S/ 1.00 S/ 1,349,300,000.00 1.08 S/ 1,595,800,000.00
S/ 1.00 S/ 2,365,200,000.00 1.39 S/ 2,684,000,000.00
S/ -
S/ -
S/ -
S/ -
S/ -
S/ -
S/ -
S/ -
 TENDENCIA 12/31/2015 TENDENCIA 12/31/2016

S/ 0.29 S/ 76,700,000.00 5.0 S/ 25,000,000.00

S/ 0.04 S/ 3,300,000.00 0.0 S/ 4,400,000.00
S/ 1.41 S/ 106,200,000.00 0.6 S/ 132,500,000.00
S/ 1.16 S/ 16,300,000.00 1.9 S/ 23,300,000.00
S/ - 0.0

S/ 1.43 S/ 700,000.00 1.0 S/ 1,200,000.00

S/ 0.80 S/ 203,200,000.00 0.6 S/ 186,400,000.00
S/ - 0.0 S/ 1,400,000.00
S/ 75.88 S/ 696,400,000.00 100.9 S/ 455,500,000.00
S/ 0.41 S/ 1,300,000.00 0.3 S/ 900,000.00
S/ 1,695,700,000.00
S/ 1.43 S/ 1,635,500,000.00 1.5
S/ - 0.0 S/ 292,000,000.00
S/ 3,461.00 S/ 348,100,000.00 3481.0
S/ 400,000.00

S/ 1.76 S/ 2,681,300,000.00 1.9 S/ 2,445,900,000.00

S/ 1.58 S/ 2,884,500,000.00 1.7 S/ 2,632,300,000.00

S/ 0.68 S/ 52,600,000.00 0.9 S/ 60,900,000.00

S/ 0.01 S/ 2,700,000.00 0.1 S/ 1,400,000.00

S/ 1.37 S/ 48,500,000.00 1.4 S/ 25,400,000.00

S/ 0.01 S/ 900,000.00 0.0 S/ 2,900,000.00
S/ - 0.0
S/ 0.37 S/ 104,700,000.00 0.4 S/ 90,600,000.00
S/ 6.01 S/ 1,045,800,000.00 6.6 S/ 714,200,000.00

S/ 0.94 S/ 39,900,000.00 0.9 S/ 29,900,000.00

S/ 4.91 S/ 1,085,700,000.00 5.3 S/ 744,100,000.00

S/ 2.43 S/ 1,190,400,000.00 2.7 S/ 834,700,000.00

S/ - 0.0
 S/ 1,014,300,000.00 S/ 1,014,300,000.00
S/ -27,000,000.00 S/ -50,200,000.00
S/ 0.77 S/ 65,400,000.00 0.7 S/ 50,300,000.00
S/ 1.34 S/ 123,200,000.00 1.5 S/ 139,400,000.00
S/ 2.62 S/ 250,300,000.00 2.7 S/ 272,500,000.00
S/ 49,000,000.00
S/ 0.75 S/ 218,900,000.00 1.2 S/ 371,100,000.00
S/ 1.28 S/ 1,694,100,000.00 1.4 S/ 1,797,400,000.00
S/ 1.58 S/ 2,884,500,000.00 1.7 S/ 2,632,100,000.00
 TENDENCIA 12/31/2017 TENDENCIA

S/ 1.62 S/ 11,800,000.00 0.8

S/ 0.04 S/ 2,100,000.00 0.0
S/ 0.79 S/ 140,600,000.00 0.8
S/ 2.65 S/ 20,600,000.00 2.3
S/ - 0.0
S/ 80,100,000.00
S/ 14,600,000.00
S/ 1.71 S/ 1,100,000.00 1.6
S/ 0.58 S/ 270,900,000.00 0.8
S/ 0.26 S/ 1,000,000.00 0.2
S/ 66.01 S/ 221,200,000.00 32.1
S/ 0.22 0.0
S/ 1,580,600,000.00
S/ - 0.0
S/ 1.06 S/ 367,700,000.00 1.3
S/ - S/ 900,000.00 9.0
S/ 500,000.00

S/ 1.77 S/ 2,171,900,000.00 1.6

S/ 1.55 S/ 2,442,800,000.00 1.4

S/ 1.00 S/ 40,000,000.00 0.7

S/ 0.03 S/ 2,400,000.00 0.1

S/ 0.76 S/ 25,300,000.00 0.8

S/ 0.03 S/ 3,000,000.00 0.0
S/ - 0.0
S/ 0.37 S/ 70,700,000.00 0.3
S/ 4.48 S/ 369,100,000.00 2.3

S/ 0.67 S/ 43,800,000.00 1.0

S/ 3.65 S/ 412,900,000.00 2.0

S/ 1.86 S/ 483,600,000.00 1.1

S/ - 0.0
 S/ 975,700,000.00

S/ 0.53 S/ 73,500,000.00 0.8

S/ 1.70 S/ 162,400,000.00 2.0
S/ 2.90 S/ 264,700,000.00 2.8

S/ 2.11 S/ 482,900,000.00 2.7

S/ 1.44 S/ 1,959,200,000.00 1.6
S/ 1.55 S/ 2,442,800,000.00 1.4
 EFECTIVO Y EQUIVALENTES DE EFECTIVO
S/90,000,000.00
S/80,000,000.00 S/76,700,000.00
S/70,000,000.00
S/60,000,000.00
S/50,000,000.00
S/40,000,000.00
S/30,000,000.00
S/16,500,000.00 S/25,000,000.00
S/20,000,000.00
S/15,400,000.00
S/10,000,000.00 S/11,800,000.00
S/4,500,000.00
S/0.00
1 2 / 3 1 / 2 0 1122 / 3 1 / 2 0 1132 / 3 1 / 2 0 1142 / 3 1 / 2 0 1152 / 3 1 / 2 0 1162 / 3 1 / 2 0 1 7

Cuentas por cobrar comerciales a largo plazo, neto S/14,000,000.00

S/6,000,000.00 S/12,000,000.00S/12,100
S/5,400,000.00
S/5,000,000.00 S/10,000,000.00
S/8,000,000.00
S/4,000,000.00
S/6,000,000.00
S/3,000,000.00
S/4,000,000.00
S/2,000,000.00 S/2,000,000.00
S/1,400,000.00
S/1,000,000.00 S/1,000,000.00 S/0.00
S/800,000.00 1 2 /3 1 /
S/0.00
1 2 / 3 1 / 2 0 1122 / 3 1 / 2 0 1132 / 3 1 / 2 0 1142 / 3 1 / 2 0 1152 / 3 1 / 2 0 1162 / 3 1 / 2 0 1 7

Cuentas por pagar comerciales

S/50,000,000.00
S/45,000,000.00S/46,300,000.00
S/40,000,000.00
S/35,000,000.00
S/30,000,000.00
S/25,000,000.00
S/20,000,000.00
S/15,000,000.00
S/10,000,000.00
S/5,000,000.00 S/1,400,000.00
S/2,700,000.00 S/2,400,000.00
S/0.00 S/900,000.00 S/500,000.00
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017
S/25,000,000.00
S/20,000,000.00
S/15,000,000.00
S/10,000,000.00
S/5,000,000.00 S/1,400,000.00
S/2,700,000.00 S/2,400,000.00
S/0.00 S/900,000.00 S/500,000.00
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017

Acciones en tesoreria
S/- S/1,000,000,000.00
12/31/2015 12/31/2016
S/950,000,000.00
S/-10,000,000.00
S/900,000,000.00

S/-20,000,000.00 S/850,000,000.00

S/-27,000,000.00 S/803,200,000.0
S/800,000,000.00
S/-30,000,000.00 0
S/750,000,000.00

S/-40,000,000.00 S/700,000,000.00
1 2 /3

S/-50,000,000.00 S/-50,200,000.00

S/-60,000,000.00

Resultados acumulados
S/180,000,000.00
S/600,000,000.00
S/160,000,000.00
S/500,000,000.00 S/482,900,000.00 S/140,000,000.00
S/120,000,000.00
S/400,000,000.00
S/371,100,000.00 S/100,000,000.00S/99,80
S/300,000,000.00 S/82,200
S/80,000,000.00

S/200,000,000.00 S/218,900,000.00 S/60,000,000.00

S/175,900,000.00
S/40,000,000.00
S/100,000,000.00 S/103,300,000.00
S/20,000,000.00
S/0.00 S/1,311,000.00 S/0.00
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31
 Activos disponibles para la venta Cuentas po
S/16,000,000.00 S/140,000,000.00
S/14,600,000.00
S/14,000,000.00
S/120,000,000.00
S/114,900,000.00
S/12,000,000.00
S/100,000,000.00
S/10,000,000.00
S/80,000,000.00
S/8,000,000.00
S/60,000,000.00
S/6,000,000.00

S/4,000,000.00 S/40,000,000.00

S/2,000,000.00 S/20,000,000.00
S/12,100,000.00
S/- S
S/0.00
1/1/2017 1 2

Inventarios neto Inversio

S/14,000,000.00
S/90,000,000.00
S/12,000,000.00S/12,100,000.00
S/80,000,000.00
S/10,000,000.00
S/70,000,000.00
S/8,000,000.00
S/60,000,000.00
S/6,000,000.00
S/50,000,000.00
S/4,000,000.00
S/2,900,000.00 S/40,000,000.00
S/2,000,000.00
S/30,000,000.00
S/0.00
1 2 / 3 1 / 2 0 1122 / 3 1 / 2 0 1132 / 3 1 / 2 0 1142 / 3 1 / 2 0 1152 / 3 1 / 2 0 1162 / 3 1 / 2 0 1 7
S/20,000,000.00
S/10,000,000.00
S/-

Tributos y Otras cuentas por pagar

S/60,000,000.00 Propiedades
S/400,000,000.00
S/50,000,000.00 S/48,500,000.00
S/46,000,000.00 S/350,000,000.00 S/347,000,0
S/40,000,000.00 S/300,000,000.00
S/275,300,000.00
S/33,500,000.00 S/250,000,000.00
S/30,000,000.00 S/28,400,000.00 S/200,000,000.00
S/25,400,000.00
S/25,300,000.00 S/150,000,000.00
S/20,000,000.00
S/100,000,000.00
S/10,000,000.00 S/50,000,000.00
S/0.00
S/0.00 1 2 / 3 1 / 2 0 1122 / 3 1 / 2
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017
 S/33,500,000.00
S/30,000,000.00 S/28,400,000.00 S/200,000,000.00
S/25,400,000.00
S/25,300,000.00 S/150,000,000.00
S/20,000,000.00
S/100,000,000.00
S/10,000,000.00 S/50,000,000.00
S/0.00
S/0.00 1 2 / 3 1 / 2 0 1122 / 3 1 / 2
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017

Capital social Inmuebles, m

S/1,000,000,000.00 S/400,000,000.00
S/350,000,000.00 S/346,100
S/950,000,000.00 S/945,200,000.00 0
S/300,000,000.00
S/900,000,000.00
S/250,000,000.00
S/850,000,000.00 S/200,000,000.00
S/803,200,000.0
S/800,000,000.00 S/150,000,000.00
0
S/750,000,000.00 S/100,000,000.00
S/50,000,000.00
S/700,000,000.00
1 2 / 3 1 / 2 0 11 22 / 3 1 / 2 0 11 32 / 3 1 / 2 0 11 42 / 3 1 / 2 0 11 52 / 3 1 / 2 0 1162 / 3 1 / 2 0 1 7 S/100,000.00
S/0.00 S/100,000.00
12/31/2012 12/31/201

Reserva Legal Otros pasivo

S/180,000,000.00 S/1,200,000,000.00
S/160,000,000.00 S/162,400,000.00
S/1,000,000,000.00 S/957,
S/140,000,000.00 S/139,400,000.00
S/864,600,000.00
S/120,000,000.00 S/123,200,000.00 S/800,000,000.00
S/110,100,000.00
S/100,000,000.00S/99,800,000.00
S/600,000,000.00
S/82,200,000.00
S/80,000,000.00
S/60,000,000.00 S/400,000,000.00

S/40,000,000.00 S/200,000,000.00
S/20,000,000.00
S/-
S/0.00 1 2 / 3 1 / 2 0 1 21 2 / 3
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017
 Cuentas por cobrar comerciales
S/140,000,000.00

S/120,000,000.00
S/114,900,000.00
S/100,000,000.00

S/80,000,000.00

S/60,000,000.00

S/40,000,000.00

S/20,000,000.00
S/12,100,000.00
S/4,300,000.00S/3,300,000.00S/4,400,000.00S/2,100,000.00
S/0.00
1 2 3 4 5 6

Inversiones financieras
S/90,000,000.00
S/80,000,000.00 S/80,100,000.00
S/70,000,000.00
S/60,000,000.00
S/50,000,000.00
S/40,000,000.00
S/30,000,000.00
S/20,000,000.00
S/10,000,000.00
S/-
1/1/2017

Propiedades de inversion, neto

S/400,000,000.00
S/367,700,000.00
S/350,000,000.00 S/347,000,000.00
S/300,000,000.00 S/292,000,000.00
S/275,300,000.00
S/250,000,000.00
S/200,000,000.00
S/150,000,000.00
S/100,000,000.00
S/50,000,000.00
S/0.00
1 2 / 3 1 / 2 0 1122 / 3 1 / 2 0 1132 / 3 1 / 2 0 1142 / 3 1 / 2 0 1152 / 3 1 / 2 0 1162 / 3 1 / 2 0 1 7
S/200,000,000.00
S/150,000,000.00
S/100,000,000.00
S/50,000,000.00
S/0.00
1 2 / 3 1 / 2 0 1122 / 3 1 / 2 0 1132 / 3 1 / 2 0 1142 / 3 1 / 2 0 1152 / 3 1 / 2 0 1162 / 3 1 / 2 0 1 7

Inmuebles, maquinaria y equipo

/400,000,000.00
/350,000,000.00
S/348,100,000.0
S/346,100,000.0
0 0
/300,000,000.00
/250,000,000.00
/200,000,000.00
/150,000,000.00
/100,000,000.00
S/50,000,000.00
S/100,000.00
S/0.00 S/100,000.00 S/900,000.00
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017

Otros pasivos fi nancieros a largo plazo

S/1,200,000,000.00
S/1,045,800,000.00
S/1,000,000,000.00 S/957,500,000.00
S/864,600,000.00
S/800,000,000.00
S/714,200,000.00
S/600,000,000.00

S/400,000,000.00 S/369,100,000.00
S/200,000,000.00

S/-
1 2 / 3 1 / 2 0 1 21 2 / 3 1 / 2 0 1 31 2 / 3 1 / 2 0 1 41 2 / 3 1 / 2 0 1 51 2 / 3 1 / 2 0 1 6
 2012
Ingresos
Participacion en resultados de las subsidiarias,asociadas y negocios en conjunto
Ingresos por dividendos en efectivo S/ 101,700,000.00
Ingresos financieros S/ 5,200,000.00
Servicios de alquiler S/ 10,800,000.00
Servicio de apoyo gerencial
Ingresos diversos
Total ingresos S/ 117,700,000.00
Costo de servicios de alquiler S/ -2,500,000.00
Gastos de administracion S/ -
Gastos financieros S/ -3,900,000.00
Egresos diversos
Diferencia en cambio, neta S/ 6,800,000.00
Total ( gastos) ingresos S/ 400,000.00
Utilidad antes del impuesto a las ganancias S/ 118,100,000.00
Impuesto a las ganancias S/ -4,900,000.00
Beneficio por impuesto a las ganancias
Utilidad neta de operaciones continuadas S/ 113,200,000.00
Resultado neto por operaciones discontinuadas S/ 62,700,000.00
Utilidad neta S/ 175,900,000.00
 2013 2014 2015 2016
VARIACION
S/ 124,800,000.00 S/ 212,300,000.00 S/ 249,900,000.00
S/ 128,500,000.00
S/ 26,500,000.00 S/ 37,700,000.00 S/ 38,800,000.00 S/ 43,100,000.00
S/ 21,300,000.00 S/ 24,100,000.00 S/ 29,800,000.00 S/ 27,600,000.00
S/ 4,900,000.00 S/ 10,700,000.00 S/ 8,400,000.00
S/ 1,800,000.00 S/ 3,500,000.00 S/ 5,200,000.00
S/ 176,300,000.00 S/ 193,300,000.00 S/ 295,100,000.00 S/ 334,200,000.00
S/ -5,500,000.00 S/ -6,500,000.00 S/ -6,300,000.00 S/ -5,400,000.00
S/ -5,900,000.00 S/ -17,000,000.00 S/ -28,400,000.00 S/ -32,000,000.00
S/ -37,100,000.00 S/ -53,000,000.00 S/ -59,400,000.00 S/ -62,200,000.00
S/ -900,000.00
S/ -23,200,000.00 S/ -25,200,000.00 S/ -42,700,000.00 S/ -600,000.00
S/ -71,700,000.00 S/ -101,700,000.00 S/ -136,800,000.00 S/ -101,100,000.00
S/ 104,600,000.00 S/ 91,600,000.00 S/ 158,300,000.00 S/ 233,100,000.00
S/ 7,100,000.00 S/ 5,300,000.00 S/ 5,200,000.00
S/ -2,700,000.00
S/ 111,700,000.00 S/ 96,900,000.00 S/ 163,500,000.00
S/ -8,400,000.00 S/ -4,900,000.00 S/ -1,700,000.00
S/ 103,300,000.00 S/ 92,000,000.00 S/ 161,800,000.00 S/ 230,400,000.00
 2017

S/ 286,800,000.00

S/ 27,500,000.00
S/ 29,200,000.00
S/ 9,800,000.00
S/ 10,200,000.00
S/ 363,500,000.00
S/ -5,100,000.00
S/ -38,300,000.00
S/ -43,900,000.00
S/ -7,700,000.00
S/ 5,800,000.00
S/ -89,200,000.00
S/ 274,300,000.00

S/ -7,300,000.00

S/ 267,000,000.00