Cementos Pacasmayo S.A.A. (CPAC) 20-F 27 Apr 23 2022 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Document Information Line Items
Entity Registrant Name	CEMENTOS PACASMAYO SAA
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	423,868,449
Amendment Flag	false
Entity Central Index Key	0001221029
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-35401
Entity Incorporation, State or Country Code	R5
Entity Address, Address Line One	Calle La Colonia 150
Entity Address, Address Line Two	Urbanización El Vivero
Entity Address, City or Town	Lima
Entity Address, Country	PE
Entity Interactive Data Current	No
Document Accounting Standard	International Financial Reporting Standards
Auditor Firm ID	1315
Auditor Name	Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada
Auditor Location	Lima, Peru
Business Contact
Document Information Line Items
Entity Address, Address Line One	Calle La Colonia 150
Entity Address, Address Line Two	Urb. El Vivero
Entity Address, City or Town	Lima
Entity Address, Country	PE
Contact Personnel Name	Javier Durand, Esq., General Counsel
Local Phone Number	317-6000
City Area Code	51-1

Consolidated Statement of Finan

Consolidated Statement of Financial Position - PEN (S/) S/ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	S/ 81,773	S/ 273,402
Other financial instruments	86,893
Trade and other receivables, net	101,491	102,718
Income tax prepayments	8,268	9,288
Inventories	884,969	605,182
Prepayments	25,059	18,800
Total current assets	1,188,453	1,009,390
Non-current assets
Trade and other receivables, net	43,543	41,206
Financial investments designated at fair value through other comprehensive income	274	476
Other financial instruments		106,601
Property, plant and equipment, net	2,007,838	1,974,931
Intangible assets, net	56,861	50,494
Goodwill	4,459	4,459
Deferred income tax assets	9,005	9,446
Right of use assets	3,639	4,668
Other assets	89	101
Total non-current assets	2,125,708	2,192,382
Total assets	3,314,161	3,201,772
Current liabilities
Trade and other payables	284,554	227,554
Financial obligations	618,907	450,964
Lease liabilities	2,005	1,856
Income tax payable	16,340	17,517
Provisions	31,333	24,269
Total current liabilities	953,139	722,160
Non-current liabilities
Financial obligations	974,264	1,094,391
Lease liabilities	2,350	3,973
Provisions	47,638	36,639
Deferred income tax liabilities	141,635	148,804
Total non-current liabilities	1,165,887	1,283,807
Total liabilities	2,119,026	2,005,967
Equity
Capital stock	423,868	423,868
Investment shares	40,279	40,279
Investment shares held in treasury	(121,258)	(121,258)
Additional paid-in capital	432,779	432,779
Legal reserve	168,636	168,636
Other accumulated comprehensive loss	(17,787)	(20,094)
Retained earnings	268,618	271,595
Total equity	1,195,135	1,195,805
Total liabilities and equity	S/ 3,314,161	S/ 3,201,772

Consolidated Statement of Profi

Consolidated Statement of Profit or Loss - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Sales of goods	S/ 2,115,746	S/ 1,937,767	S/ 1,296,334
Cost of sales	(1,463,715)	(1,378,336)	(921,048)
Gross profit	652,031	559,431	375,286
Operating income (expenses)
Administrative expenses	(227,577)	(196,069)	(163,369)
Selling and distribution expenses	(65,237)	(51,520)	(40,153)
Other operating (expense) income, net	(3,899)	6,408	4,346
Total operating expenses, net	(296,713)	(241,181)	(199,176)
Operating profit	355,318	318,250	176,110
Other income (expenses)
Finance income	3,306	2,891	2,976
Finance costs	(95,105)	(88,965)	(88,694)
Net (loss) gain on derivative financial instruments recognized at fair value through profit or loss	(59)	589	5,337
Net loss on settlement of derivative financial instruments recognized at fair value through profit or loss		(1,569)
Loss from exchange difference, net	(1,040)	(7,086)	(9,831)
Total other expenses, net	(92,898)	(94,140)	(90,212)
Profit before income tax	262,420	224,110	85,898
Income tax expense	(85,592)	(70,940)	(28,004)
Profit for the year	S/ 176,828	S/ 153,170	S/ 57,894
Earnings per share
Basic earnings per share attributable to equity holders of common shares and investment in shares of Cementos Pacasmayo S.A.A. (S/ per share) (in Nuevos Soles per share)	S/ 0.41	S/ 0.36	S/ 0.14

Consolidated Statement of Pro_2

Consolidated Statement of Profit or Loss (Parentheticals) - S/ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Diluted earnings per share attributable to equity holders of common shares and investment in shares of Cementos Pacasmayo S.A.A. (S/ per share) (in Nuevos Soles per share)	S/ 0.41	S/ 0.36	S/ 0.14

Consolidated Statement of Other

Consolidated Statement of Other Comprehensive Income (loss) - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidated Statement Of Other Comprehensive Income Loss Abstract
Profit for the year	S/ 176,828	S/ 153,170	S/ 57,894
Other comprehensive income (loss) that will not be reclassified to profit or loss in subsequent years:
Change in fair value of financial instruments designated at fair value through other comprehensive income (loss)	(565)	(1,995)	(17,532)
Deferred income tax	167	589	5,172
Other comprehensive income (loss)to be reclassified to profit or loss in subsequent years:
Net gain (net loss) on cash flows hedges	3,838	20,836	(1,652)
Deferred income tax	(1,133)	(6,146)	487
Other comprehensive income (loss)for the year, net of income tax	2,307	13,284	(13,525)
Total other comprehensive income for the year, net of income tax	S/ 179,135	S/ 166,454	S/ 44,369

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity - PEN (S/) S/ in Thousands	Capital stock	Investment shares	Treasury shares	Additional paid-in capital	Legal reserve	Unrealized loss on financial instruments designated at fair value	Unrealized gain (loss) on cash flow hedge	Retained earnings	Total
Balance at Dec. 31, 2019	S/ 423,868	S/ 40,279	S/ (121,258)	S/ 432,779	S/ 168,636	S/ (2,103)	S/ (17,750)	S/ 497,200	S/ 1,421,651
Profit for the year								57,894	57,894
Other comprehensive income (Loss)						(12,360)	(1,165)		(13,525)
Total comprehensive income						(12,360)	(1,165)	57,894	44,369
Dividends, note 18(g)								(98,465)	(98,465)
Balance at Dec. 31, 2020	423,868	40,279	(121,258)	432,779	168,636	(14,463)	(18,915)	456,629	1,367,555
Profit for the year								153,170	153,170
Other comprehensive income (Loss)						(1,406)	14,690		13,284
Total comprehensive income						(1,406)	14,690	153,170	166,454
Dividends, note 18(g)								(338,204)	(338,204)
Balance at Dec. 31, 2021	423,868	40,279	(121,258)	432,779	168,636	(15,869)	(4,225)	271,595	1,195,805
Profit for the year								176,828	176,828
Other comprehensive income (Loss)						(398)	2,705		2,307
Total comprehensive income						(398)	2,705	176,828	179,135
Dividends, note 18(g)								(179,805)	(179,805)
Balance at Dec. 31, 2022	S/ 423,868	S/ 40,279	S/ (121,258)	S/ 432,779	S/ 168,636	S/ (16,267)	S/ (1,520)	S/ 268,618	S/ 1,195,135

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Profit before income tax	S/ 262,420	S/ 224,110	S/ 85,898
Non-cash adjustments to reconcile profit before income tax to net cash flows from operating activities
Depreciation and amortization	138,539	135,567	139,167
Finance costs	95,105	88,965	88,694
Long-term incentive plan	8,272	9,763	5,759
Exchange difference related to monetary transactions	3,804	(9,114)	6,978
Provision for inventory obsolescence	1,977	3,348	2,451
Allowance for expected credit losses	1,972	563	1,582
Net loss (gain) on derivative financial instruments recognized at fair value through profit or loss	59	(589)	(5,337)
Accumulated net loss due to settlement of derivative financial instruments at fair value through profit or loss		1,569
Finance income	(3,306)	(2,891)	(2,976)
Net gain on disposal of property, plant and equipment and intangible assets	(591)	(1,775)	(2,591)
Other operating, net	10,413	3,761	2,202
Working capital adjustments
(Increase) decrease in trade and other receivables	(3,695)	(47,713)	38,005
(Increase) decrease in inventories	(282,554)	(151,530)	54,140
(Increase) decrease in prepayments	(10,099)	(12,956)	4,761
Increase in trade and other payables	60,571	48,834	3,346
Adjustments to reconcile profit (loss)	282,887	289,912	422,079
Interest received	3,668	4,484	1,838
Interest paid	(80,573)	(68,433)	(68,444)
Income tax paid	(94,163)	(55,401)	(24,108)
Net cash flows from operating activities	111,819	170,562	331,365
Investing activities
Purchase of property, plant and equipment	(162,785)	(85,594)	(47,325)
Purchase of intangible assets	(15,712)	(8,953)	(5,224)
Purchase of investments available for sale	(363)	(1,779)
Loans granted	(141)	(174)	(4,203)
Loan to related party		(17,121)
Cash flow proceeds from sale of property, plant and equipment	2,664	4,152	4,634
Proceeds from loans	149	524	3,697
Collection of loans from related parties		17,121
Opening of term deposits with original maturity greater than 90 days			(208,990)
Redemption of term deposits with original maturity greater than 90 days			208,990
Net cash flows used in investing activities	(176,188)	(91,824)	(48,421)
Financing activities
Payment of bank loans	(448,984)		(674,463)
Dividends paid	(179,820)	(336,821)	(143,623)
Payment for hedging instrument	(15,390)	(15,214)	(15,685)
Lease payments	(2,511)	(2,419)	(1,669)
Bank loans received	525,000	220,000	791,270
Dividends returned	229	481	321
Cash flow from settlement of derivative financial instruments		3,879
Payment of bank overdraft			(70,921)
Proceeds from bank overdraft			70,921
Net cash flows used in financing activities	(121,476)	(130,094)	(43,849)
Net (decrease) increase in cash and cash equivalents	(185,845)	(51,356)	239,095
Net foreign exchange difference	(5,784)	15,846	1,551
Cash and cash equivalents as of January 1	273,402	308,912	68,266
Cash and cash equivalents as of December 31	81,773	273,402	308,912
Transactions with no effect on cash flows:
Unrealized exchange difference related to monetary transactions	3,804	(9,114)	6,978
Outstanding accounts payable related to acquisition of property, plant and equipment	14,560	7,615	4,830
Addition of right-of-use assets and lease liabilities	613	217	7,504
Additions of quarry rehabilitation costs	S/ 2,745		S/ 7,775

Corporate Information

Corporate Information	12 Months Ended
	Dec. 31, 2022
Disclosure of general information about financial statements [text block] [Abstract]
Corporate information	1. Corporate information Cementos Pacasmayo S.A.A. (hereinafter “the Company”) was incorporated in 1957 and, under the Peruvian General Corporation Law, is an open stock corporation, its shares are listed in the Lima and New York Stock Exchange. The Company is a subsidiary of Inversiones ASPI S.A., which holds 50.01 percent of the Company’s common shares as of December 31, 2022, 2021 and 2020. The Company’s registered address is Calle La Colonia No.150, Urbanización El Vivero, Santiago de Surco, Lima, Peru. All the subsidiaries are domiciled and operate in Peru. The Company’s main activity is the production and marketing of cement, precast, concrete and quicklime in La Libertad region of the northern of Peru. The issuance of the consolidated financial statements of the Company and its subsidiaries (hereinafter “the Group”) for the year ended December 31, 2022 were approved by the General Shareholders’ Meeting on March 24, 2023. The consolidated financial statements as of December 31, 2021 and for the year then that date were approved by the General Shareholders’ Meeting on March 29, 2022. For the years ended December 31, 2022, 2021 and 2020, the consolidated financial statements comprise the financial statements of the Company and its subsidiaries: Cementos Selva S.A.C. and subsidiaries, Distribuidora Norte Pacasmayo S.R.L., Empresa de Transmisión Guadalupe S.A.C., Salmueras Sudamericanas S.A., Calizas del Norte S.A.C. (liquidated during 2022), Soluciones Takay S.A.C. and 150Krea Inc. To these dates, the Company maintains a 100 percent interest in all its subsidiaries. The main activities of the subsidiaries incorporated in the consolidated financial statements are described as follows: - Cementos Selva S.A.C. is engaged in production and marketing of cement and other construction materials in the northeast region of Peru. Also, it holds 100 percent of the shares in Dinoselva Iquitos S.A.C. (a cement and construction materials distributor in the north of Peru, which also produces and sells precast, cement bricks and ready-mix concrete) and in Acuícola Los Paiches S.A.C. (a fish farm entity). - Distribuidora Norte Pacasmayo S.R.L. is mainly engaged in selling cement produced by the Company. Additionally, it produces and sells precast, cement bricks and ready-mix concrete. - Empresa de Transmisión Guadalupe S.A.C. is mainly engaged in providing electric energy transmission services to the Company. - Salmueras Sudamericanas S.A.(“Salmueras”) In December 2017, the Company decided not to continue with the activities related to this project of Salmueras. - Calizas del Norte S.A.C. On May 31, 2016, the Company decided to liquidate the subsidiary Calizas del Norte S.A.C. Thjs liquidation was completed during 2022. - Soluciones Takay S.A.C., entity constituted on March 29, 2019 whose corporate purpose is to provide advisory services and information, promotion, acquisition and intermediation services for the management and development of real estate projects by natural and/or legal persons. - 150Krea Inc., entity constituted on June 3, 2021 whose corporate purpose is the lease of intangible assets. 1.1 COVID 19 - COVID - - - On March 15, 2020, the Peruvian government declared a nationwide state of emergency, effectively shutting down all business considered non-essential (with exception of food production and commercialization, pharmaceuticals and health). As a result, since that date, the Company shut-down its three production plants until the Peruvian government allowed it to restart production and commercial activities on May 20, 2020. During the halt period, the Company was unable to generate revenues; however, it largely returned to the operating levels prior to the shut-down as of the month of August 2020. The Group has prepared the consolidated financial statements for the financial years ended December 31, 2022, 2021 and 2020 on a going concern basis, which assumes continuity of current business activities and the realization of assets and settlement of liabilities in the ordinary course of business. Through Supreme Decree No. 130-2022-PCM published on October 27, 2022, the Government formalized the end of the state of national emergency that was declared in 2020.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Disclosure of significant accounting policies [Abstract]
Significant accounting policies	2. Significant accounting policies 2.1 Basis of preparation – The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). The consolidated financial statements have been prepared on a historical cost basis, except for financial instruments designated at fair value through other comprehensive income (OCI) and derivative financial instruments that have been measured at fair value. The carrying values of recognized assets and liabilities that are designated as hedged items in fair value hedges that would otherwise be carried at amortized cost are adjusted to record changes in fair value attributable to the risks that are being hedged in effective hedge relationships. The consolidated financial statements are presented in Soles and all values are rounded to the nearest thousand (S/000), except when otherwise indicated. The consolidated financial statements provide comparative information in respect of the previous period or periods. There are certain standards and amendments applied for the first time by the Group during 2022 that did not require the restatement of previous financial statements, as explained in note 2.3.19. 2.2 Basis of consolidation - The consolidated financial statements comprise the financial statements of the Company and its subsidiaries as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if it has: (i) power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee), (ii) exposure, or rights, to variable returns from its involvement with the investee, and (iii) the ability to use its power over the investee to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. Profit or loss and each component of OCI are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group´s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. 2.3 Summary of significant accounting policies - 2.3.1 Cash and cash equivalents - Cash and cash equivalents presented in the statement of financial position and statement of cash flows comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less. 2.3.2 Financial instruments-initial recognition and subsequent measurement – A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. (i) Financial assets - Initial recognition and measurement - Financial assets are classified at initial recognition as measured at amortized cost, fair value through OCI or fair value through profit or loss. The Group’s financial assets include cash and cash equivalents, commercial and other receivables, available-for-sale financial investments and derivative financial instruments. Subsequent measurement - For purposes of subsequent measurement, financial assets are classified into the following categories: - Financial assets at amortized cost (debt instruments). - Financial assets at fair value through OCI with recycling of cumulative gains and losses (debt instruments). - Financial assets designated at fair value through OCI without recycling of cumulative gains and losses upon derecognition (equity instruments). - Financial assets at fair value through profit or loss. The classification depends on the business model of the Company and the contractual terms of the cash flows. Financial assets at amortized cost (debt instruments) - The Group measures financial assets at amortized cost if both of the following conditions are met: - The financial asset is held within a business model with the objective to collect contractual cash flows and not sale or trade it, and, - The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. Financial assets are not reclassified after their initial recognition, except if the Group changes its business model for its management. As of December 31, 2022 and 2021 the Group held trade and other receivables in this category. Financial assets at fair value through OCI (debt instruments) – The Group measures debt instruments at fair value through OCI if both of the following conditions are met: - The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling, and - The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding The Group does not have debt instruments classified in this category. Financial assets at fair value through OCI (equity instruments) - Upon initial recognition, the Group can elect to irrevocably classify its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity and are not held for trading. The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized as other income in the statement of profit or loss when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment. As of December 31, 2022 and 2021 the Group elected to classify irrevocably its non-listed equity investments under this category, see note 9. Financial assets at fair value through profit or loss - Financial assets at fair value through profit or loss include financial assets held for trading assets, assets from derivative financial instruments at fair value through profit or loss, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value and net changes in such fair value are presented as Financial Costs (net negative changes in fair value) or Financial Income (net positive changes in fair value) in the consolidated statement of profit or loss. As of December 31,2022 and 2021, the Group held derivative financial instruments classified at fair value through profit or loss classified in this category. Derecognition - A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: (i) The rights to receive cash flows from the asset have expired, or (ii) The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement ; When the Group has transferred its rights to receive cash flows from an asset or has entered a pass-through arrangement, it evaluates if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all the risks and rewards of the asset, nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of its continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay. (ii) Impairment of financial assets - The Group recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). For trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. The Group considers a financial asset in default when contractual payments are 360 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. (iii) Financial liabilities - Initial recognition and measurement - Financial liabilities are classified at initial recognition as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group’s financial liabilities include trade and other payables, interest-bearing loans and borrowings. Subsequent measurement - The subsequent measurement of financial liabilities depends on their classification, as described below: Financial liabilities at fair value through profit or loss - Financial liabilities at fair value through profit or loss include financial liabilities held for trading, derivative financial instruments at fair value through profit or loss and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term; gains or losses on liabilities held for trading are recognized in the statement of profit or loss. This category also includes derivative financial instruments entered by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9 – Financial Instruments. Financial liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. For the years ended December 31, 2022 and 2021, the Group does not have instruments classified in this category. Loans and borrowings - After their initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in the consolidated statement of profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by considering any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the consolidated statement of profit or loss. As of December 31, 2022 and 2021, the Group includes trade and other payables and financial liabilities in this category, for more information refer to notes 14 and 16. Derecognition - A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amount is recognized in the consolidated statement of profit or loss. (iv) Offsetting of financial instruments - Financial assets and liabilities are offset and the net amount is reported in the consolidated statement of financial position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously. (v) Derivative financial instruments and hedge accounting – Initial recognition and subsequent measurement: The Group uses derivative financial instruments, cross currency swaps, to hedge its foreign currency exchange rate risk. These derivative financial instruments are initially recognized at their fair values on the date on which the derivative contract is entered into and subsequently are remeasured at their fair value. Derivatives are accounted for as financial assets when their fair value is positive and as financial liabilities when their fair value is negative. For the purpose of hedge accounting, hedges are classified as: - Fair value hedges when hedging the exposure to changes in the fair value of a recognized asset or liability or an unrecognized firm commitment. - Cash flow hedges when hedging the exposure to variability in cash flows that is either attributable to a particular risk associated with a recognized asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognized firm commitment. - Hedges of a net investment in a foreign operation. At the inception of a hedge relationship, the Group formally designates and documents the hedge relationship to which the Group wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged and how the Group will assess the effectiveness of changes in the hedging instrument’s fair value in offsetting the exposure to changes in the hedged item’s fair value or cash flows attributable to the hedged risk. Such hedges expect to be highly effective in achieving offsetting changes in fair value or cash flows and are assessed on an ongoing basis to determine that they have been highly effective throughout the financial reporting periods for which they were designated. A hedging relationship qualifies for hedge accounting if it meets all the following effectiveness requirements: - There is ‘an economic relationship between the hedged item and the hedging instrument. - The effect of credit risk does not dominate the value changes that result from that economic relationship. - The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group hedges and the quantity of the hedging instrument that the Group uses to hedge that quantity of hedged item. Hedges that meet all the qualifying criteria for hedge accounting are recorded as cash flow hedges, see note 31(a). Cash flow hedges Any gains or losses arising from changes in the fair value of derivatives is taken directly to profit or loss, except for the effective portion of cash flow hedges, which is recognized in OCI and later reclassified to profit or loss when the hedged item affects profit or loss. For any other cash flow hedges, the amount accumulated in OCI is reclassified to profit or loss as a reclassification adjustment in the same period or periods during which the hedged cash flows affect profit or loss. In the case that the cash flow hedge is discontinued, the amount accumulated in OCI must remain in OCI if the hedged cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. After discontinuation, once the hedged cash flows are recognized, any amount that remains in OCI must be recorded considering the nature of the underlying transaction. (vi) Fair value measurement - The Group measures financial instruments such as derivatives, and equity investments, at fair value at each period end. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: - In the principal market for the asset or liability, or - In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value accounting hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: - Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities - Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable - Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. The Group’s management determines the policies and procedures for recurring and non-recurring fair value measurements. At each reporting date, the Financial Management analyzes the changes in the values of the assets and liabilities that must be measured or determined on a recurring and non-recurring basis according to the Group’s accounting policies. For this analysis, Management contrasts the main variables used in the latest assessments made with updated information available from valuations included in contracts and other relevant documents. Management also compares the changes in the fair value of each asset and liability with the relevant external sources to determine whether the change is reasonable. For purposes of disclosure of fair value, the Group has determined classes of assets and liabilities based on the inherent nature, characteristics and risks of each asset and liability, and the level of the fair value accounting hierarchy as explained above, see note 31(b). 2.3.3 Foreign currencies - The functional and presentation currency for the consolidated financial statements of the Group is soles, which is also the functional currency for its subsidiaries. Transactions and balances Transactions in foreign currencies are initially recorded at their respective functional currency spot rates at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rates of exchange at the reporting date. Differences arising on settlement or translation of monetary items are recognized in profit or loss. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions. 2.3.4 Inventories - Inventories are valued at the lower of cost or net realizable value. Costs incurred in bringing each product to its present location and conditions are accounted for as follows: Raw materials and supplies - Cost is determined using the weighted average method. Finished goods and work in progress - Cost of direct materials and supplies, services provided by third parties, direct labor and a proportion of manufacturing overheads is based on normal operating capacity, excluding borrowing costs and exchange currency differences. Inventory in transit - Cost. Net realizable value is the estimated selling price in the ordinary course of business, less estimated cost of completion and the estimated costs of inventory necessary to make the sale. 2.3.5 Borrowing costs - Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Where the funds used to finance a project form part of general borrowings, the amount capitalized is calculated using a weighted average of interest rates applicable to relevant general borrowings of the Group during the period. All other borrowing costs are recognized in the consolidated statement of profit or loss in the period in which they are incurred. 2.3.6 Leases - The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Group as a lessee: The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. i) Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term or the estimated useful lives of the assets, unless the ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The leased assets correspond to motorized vehicles whose useful life is 5 years. The right-of-use assets are subject to impairment assessment. Refer to accounting policies in note 2.3.12. ii) Lease liabilities At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. Variable lease payments that do not depend on an index or a rate are recognized as expenses in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the assessment of an option to purchase the underlying asset, a change in the amounts expected to be paid under residual value guarantee or changes to future payments resulting from a change in an index or rate used to determine such lease payments The Group’s lease liabilities are included in “lease liabilities” in the consolidated statement of financial position. iii) Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Group as a lessor: Leases in which the Group does not transfer substantially all the risks and rewards of ownership of an asset are classified as operating leases. Rental income is accounted for on a straight-line basis over the lease terms and is included in other income in the statement of profit or loss due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. 2.3.7 Property, plant and equipment - Property, plant and equipment is stated at cost, net of accumulated depreciation and/or accumulated impairment losses, if any. Such cost includes the cost of replacing component parts of the property, plant and equipment and borrowing costs for long-term construction projects if the recognition criteria are met (see note 2.3.5). The capitalized value of a finance lease is also included within property, plant and equipment. When significant parts of plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them separately based on their specific useful lives. Likewise, when a major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognized in profit or loss as incurred. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. Refer to significant accounting judgments, estimates and assumptions (note 3) and quarry rehabilitation cost provisions (note 15). Depreciation of assets is determined using the straight-line method over the estimated useful lives of such assets as follows: Years Buildings and other construction: Administrative facilities Between 20 and 51 Main production structures Between 20 and 56 Minor production structures Between 20 and 35 Machinery and equipment: Mills and horizontal furnaces Between 24 and 45 Vertical furnaces, crushers and grinders Between 23 and 36 Electricity facilities and other minors Between 10 and 35 Furniture and fixtures 10 Transportation units: Heavy units Between 5 and 15 Light units Between 5 and 10 Computer equipment Between 3 and 10 Tools Between 5 and 10 The asset’s residual value, useful lives and methods of depreciation are reviewed at each reporting period and adjusted prospectively if appropriate. An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of profit or loss when the asset is derecognized. 2.3.8 Mining concessions - Mining concessions correspond to the exploration rights in areas of interest acquired. Mining concessions are stated at cost, net of accumulated amortization and/or accumulated impairment losses, if any, and are presented within the “Property, plant and equipment” caption of consolidated statement of financial position. Those mining concessions are amortized following the straight-line method. In the event the Group abandons the concession, the costs associated (see note 10(b)) are written-off in the consolidated statement of profit or loss. For the years ended December 31, 2022, 2021 and 2020, mining concessions of the Group correspond to areas that contain raw material necessary for cement production. 2.3.9 Quarry development costs and stripping costs - Quarry development costs - Quarry development costs incurred are stated at cost and are the next step in development of quarries after the exploration and evaluation stage. Quarry development costs are, upon commencement of the production phase, presented net of accumulated amortization and/or accumulated impairment losses, if any, and are presented within the property, plant and equipment caption. The

Significant Accounting Judgment

Significant Accounting Judgments, Estimates and Assumptions	12 Months Ended
	Dec. 31, 2022
Disclosure of accounting judgements and estimates [text block] [Abstract]
Significant accounting judgments, estimates and assumptions	3. Significant accounting judgments, estimates and assumptions The preparation of the Group’s consolidated financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are described below. The Group based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising beyond the control of the Group. Such changes are reflected in the assumptions when they occur. The most significant estimate considered by the Company’s Management in relation to the consolidated financial statements refers to the evaluation of the impairment of long-lived assets, see notes 2.3.12, 10 and 11.

Standards Issued But Not yet Ef

Standards Issued But Not yet Effective	12 Months Ended
	Dec. 31, 2022
Standards Issued But Not yet Effective [Abstract]
Standards Issued But not Yet Effective	4. Standards issued but not yet effective The standards and interpretations relevant to the Group that are issued, but not yet effective, up to the date of issuance of the financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective: Amendments to IAS 1: Classification of Liabilities as Current or Non-current In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: - What is meant by a right to defer settlement - That a right to defer must exist at the end of the reporting period - That classification is unaffected by the likelihood that an entity will exercise its deferral right - That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and must be applied retrospectively. The Group is currently assessing the impact the amendments will have on current practice and whether existing loan agreements may require renegotiation. Definition of Accounting Estimates - Amendments to IAS 8 In February 2021, the IASB issued amendments to IAS 8, in which it introduces a definition of ‘accounting estimates’. The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. Also, they clarify how entities use measurement techniques and inputs to develop accounting estimates. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and apply to changes in accounting policies and changes in accounting estimates that occur on or after the start of that period. Earlier application is permitted as long as this fact is disclosed. The amendments are not expected to have a material impact on the Group. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements, in which it provides guidance and examples to help entities apply materiality judgements to accounting policy disclosures. The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their ‘significant’ accounting policies with a requirement to disclose their ‘material’ accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments to IAS 1 are applicable for annual periods beginning on or after January 1, 2023 with earlier application permitted. Since the amendments to the Practice Statement 2 provide non-mandatory guidance on the application of the definition of material to accounting policy information, an effective date for these amendments is not necessary. The Group is currently assessing the impact of the amendments to determine the impact they will have on the Group’s accounting policy disclosures. Deferred Tax related to Assets and Liabilities arising from a Single Transaction - Amendments to IAS 12 In May 2021, the Board issued amendments to IAS 12, which narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments should be applied to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, at the beginning of the earliest comparative period presented, a deferred tax asset (provided that sufficient taxable profit is available) and a deferred tax liability should also be recognized for all deductible and taxable temporary differences associated with leases and decommissioning obligations. The Group is currently assessing the impact of the amendments.

Transactions in Foreign Currenc

Transactions in Foreign Currency	12 Months Ended
	Dec. 31, 2022
Disclosure About The Transactions In Foreign Currency [Abstract]
Transactions in foreign currency	5. Transactions in foreign currency Transactions in foreign currency take place at the open-market exchange rates published by the Superintendence of Banks, Insurance and Pension Funds Administration. As of December 31, 2022 the exchange rates for transactions in United States dollars, published by this institution, were S/3.808 for purchase and S/3.820 for sale (S/3.975 for purchase and S/3.998 for sale as of December 31, 2021). As of December 31, 2022 and 2021, the Group had the following assets and liabilities in United States dollars: 2022 2021 US$(000) US$(000) Assets Cash and cash equivalents 4,426 51,343 Trade and other receivables 3,262 4,946 Advances to suppliers for work in progress 18,899 10,175 26,587 66,464 Liabilities Trade and other payables (18,399 ) (10,356 ) Interest-bearing loans and borrowings (131,612 ) (149,612 ) (150,011 ) (159,968 ) Cross currency swap position 132,000 132,000 Net monetary position 8,576 38,496 As of December 31, 2022 and 2021, the Group has cash currency hedging agreements for its bonds (denominated in US dollars), see note 16. Of the US$132,000,000 shown in the swap position as of December 31, 2022 and 2021, respectively, there are underlying liabilities in the amount of US$131,612,000 and the difference of US$388,000 is maintained as derivative financial instruments at fair value through profit or loss. During 2022, the net loss originated by the exchange difference was approximately S/1,040,000 (the net loss from exchange difference amounted to S/7,086,000 and S/9,831,000 during 2021 and 2020, respectively). All these results are presented in the caption “Loss from exchange difference, net” in the consolidated statement of profit or loss.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	6. Cash and cash equivalents (a) This caption was made up as follows: 2022 2021 S/(000) S/(000) Cash on hand 161 273 Cash at banks (b) 39,112 225,629 Short-term deposits (c) 42,500 47,500 81,773 273,402 (b) Cash at banks is denominated in local and foreign currency and U.S. dollars, is deposited in local and foreign bank are freely available. The demand deposits interest yield is based on daily bank deposit rates. (c) The short-term deposits held in domestic banks were freely available and earned interest at the respective short-term market rates and original maturity less than three months.

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Dec. 31, 2022
Trade and Other Receivables [Abstract]
Trade and other receivables	7. Trade and other receivables (a) This caption was made up as follows: Current Non-current 2022 2021 2022 2021 S/(000) S/(000) S/(000) S/(000) Trade receivables (b) 78,519 91,072 - - Other accounts receivable 7,790 5,940 - - Accounts receivable from Parent company and affiliates, note 27 1,858 1,314 - - Interest receivable 1,163 636 - Loans to employees 676 610 - - Funds restricted to tax payments 244 1,314 - - Other receivables from sale of fixed assets 215 937 - Loans granted - 1,066 - 83 Allowance for expected credit losses (d) and (e) (7,433 ) (5,539 ) - - Financial assets classified as receivables (e) 83,032 97,350 - 83 Value-added tax credit 18,459 5,368 1,874 2,673 Payment under protest for mining royalties 2008 – 2009 (c) - - 28,922 28,922 Other accounts receivable - - 12,747 9,320 Tax refund receivable - - 9,034 9,242 Allowance for expected credit losses (d) - - (9,034 ) (9,034 ) Non-financial assets classified as receivables 18,459 5,368 43,543 41,123 101,491 102,718 43,543 41,206 (b) Trade account receivables have current maturity (30 to 90 days) and those overdue bear interest. (c) On March 22, 2021, the Company received Tax Court Resolution N° 00905-4-21 that declares the calculation of Mining Royalty should be based on gross sale of the final product (cement) for the years 2008 and 2009. This is an opposite position to what is established by the Constitutional Court in the STC Exp. N° 1043-2013-PA/TC that declares founded the writ of protection presented by the Company and its right to calculate the Mining Royalty exclusively based on the value of the mining component, without considering in any way the value of the final products derived from industrial and manufacturing processes. Company has made, under protest, payments of the debts arbitrarily placed in collection. These payments as of December 31, 2022 and 2021 amount to S/28,922,000. To date, the Company has initiated the corresponding legal actions to recover said payments and in the opinion of Management and its external legal advisors, it has a high probability of obtaining a favorable result. (d) The movement of the allowance for expected credit losses is as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Opening balance 14,573 14,358 12,781 Additions, note 22 1,972 563 1,582 Recoveries (78 ) (348 ) (5 ) Ending balance 16,467 14,573 14,358 As of December 31, 2022, the additions include S/1,972,000 related to the provision for expected credit losses for trade receivables (S/563,000 as of December 31, 2021), which are presented in the caption “selling and distribution expenses” on the consolidated statement of profit and loss, see note 22. (e) The aging analysis of trade and other accounts receivable as of December 31, 2022 and 2021, is as follows: As of December 31, 2022 Past due but not impaired Total Neither past < 30 30-60 61-90 91-120 > 120 S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Expected credit loss rate 8.2 % 0.1 % 1.5 % 3.5 % 2.1 % - 59.4 % Carrying amount 2022 90,465 63,676 8,538 3,807 2,573 - 11,871 Expected credit loss 7,433 64 124 135 55 - 7,055 As of December 31, 2021 Past due but not impaired Total Neither past < 30 30-60 61-90 91-120 > 120 S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Expected credit loss rate 5.4 % 0.0 % 0.9 % 1.7 % 3.7 % - 76.5 % Carrying amount 2021 102,972 65,314 21,233 6,112 3,672 - 6,641 Expected credit loss 5,539 28 190 105 136 - 5,080

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventories [Abstract]
Inventories	8. Inventories (a) This caption is made up as follows: 2022 2021 S/(000) S/(000) Goods and finished products 18,903 24,720 Work in progress 186,281 134,358 Raw materials 397,096 243,139 Packages and packing 5,245 7,262 Fuel 3,642 3,498 Spare parts and supplies 260,742 183,056 Inventory in transit 13,060 9,149 884,969 605,182 (b) As of December 31, 2022 and 2021, the amount of the provision for inventory obsolescence amounts to S/24,905,000 and S/23,052,000, respectively.

Financial Investment Designated

Financial Investment Designated at Fair Value Through OCI	12 Months Ended
	Dec. 31, 2022
Disclosure Of Available For Sale Financial Assets Text Block Abstract
Financial investment designated at fair value through OCI	9. Financial investment designated at fair value through OCI (a) Movement in financial investment designated at fair value through OCI is as follow: 2022 2021 2020 S/(000) S/(000) S/(000) Beginning balance 476 692 18,224 Contribution of investment shares 363 1,779 - Fair value change recorded in OCI (565 ) (1,995 ) (17,532 ) Ending balance 274 476 692 (b) As of December 31, 2022 and 2021, corresponds to 837,881 and 2,481,397 investment shares of Fossal S.A.A. These shares represent 8.52% and 8.40% of equity of Fossal S.A.A., respectively. The main asset held by Fossal S.A.A. corresponded to its investment in the company Fosfatos del Pacífico S.A., a pre-operational company that has a diatomite extraction concession and is dedicated to the Fosfatos Project (a project for the exploitation and sale of phosphate rock). The Board of Directors of the company Fosfatos del Pacífico S.A. held on December 30, 2020, considering the longer time it will take for the renewal of the Environmental Impact Study (EIA) of the project and that the current international prices of phosphate rock are lower than the sales prices originally estimated at the beginning of the project, agreed to make the accounting provision due to the total devaluation of the assets related to the Phosphate Project. The Company has recognized a charge in OCI for S/565,000 related to updating the fair value of the financial investment maintained in Fossal S.A.A. during 2022 (S/1,995,000 and S/17,532,000 during 2021 and 2020, respectively).

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2022
Disclosure Of Property Plant And Equipment Text Block Abstract
Property, plant and equipment	10. Property, plant and equipment (a) The composition and movement in property, plant and equipment for two years ended December 31, 2022 is presented below: Mining concessions (b) Mine development costs (b) Land Buildings and other construction Machinery, equipment and related spare parts Furniture and accessories Transportation units Computer equipment and tools Quarry rehabilitation costs Capitalized interest (f) Work in progress (d) and units Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Cost As of January 1, 2021 75,893 53,975 252,190 690,542 1,694,145 33,123 113,109 52,645 9,290 64,904 37,731 3,077,547 Additions 21 3,435 4,254 (98 ) 16,160 191 7,523 3,731 (260 ) 103 53,120 88,180 Disposals - - - (7 ) (33,176 ) (22,786 ) (10,583 ) (23,105 ) - - (136 ) (89,793 ) Transfers, note 11 - 592 108 2,648 20,526 178 3,302 1,157 - - (28,575 ) (64 ) As of December 31, 2021 75,914 58,002 256,552 693,085 1,697,655 10,706 113,351 34,428 9,030 65,007 62,140 3,075,870 Additions - 7,311 868 - 13,085 318 658 2,849 2,745 3,158 143,540 174,532 Sales and/or retirement - - (2,285 ) - (4,978 ) (14 ) (2,654 ) (228 ) - - (398 ) (10,557 ) Disposals - - - (1,600 ) (17,075 ) (28 ) (4,460 ) (481 ) - - - (23,644 ) Transfers, note 11 - 529 - 3,069 22,853 98 442 4,736 - - (32,461 ) (734 ) As of December 31, 2022 75,914 65,842 255,135 694,554 1,711,540 11,080 107,337 41,304 11,775 68,165 172,821 3,215,467 Accumulated depreciation As of January 1, 2021 12,256 10,267 139,857 644,190 30,049 80,632 42,348 1,616 7,499 - 968,714 Additions 72 217 - 18,605 93,581 589 7,350 3,198 766 1,522 - 125,900 Disposals - - - (7 ) (32,317 ) (22,767 ) (9,819 ) (23,090 ) - - - (88,000 ) As of December 31, 2021 12,328 10,484 - 158,455 705,454 7,871 78,163 22,456 2,382 9,021 - 1,006,614 Additions 72 387 - 18,818 95,486 575 7,398 3,595 140 1,521 - 127,992 Sales and/or retirement - - - - (3,990 ) (12 ) (2,269 ) (194 ) - - - (6,465 ) Disposals - - - (795 ) (13,425 ) (26 ) (4,278 ) (428 ) - - - (18,952 ) Transfers, note 11 - (3 ) - - - - - - - - - (3 ) As of December 31, 2022 12,400 10,868 - 176,478 783,525 8,408 79,014 25,429 2,522 10,542 - 1,109,186 Impairment (b) As of December 31, 2021 42,859 24,048 - 13,578 12,424 201 26 454 - - 735 94,325 As of December 31, 2022 42,859 24,048 3,624 13,579 12,918 200 26 454 - - 735 98,443 Net book value As of December 31, 2021 20,727 23,470 256,552 521,052 979,777 2,634 35,162 11,518 6,648 55,986 61,405 1,974,931 As of December 31, 2022 20,655 30,926 251,511 504,497 915,097 2,472 28,297 15,421 9,253 57,623 172,086 2,007,838 (b) Mining concessions mainly include net acquisition costs of S/15,488,000 related to coal concessions acquired through a purchase option executed from 2011 to 2013. The caption also includes some concessions acquired by the Group for exploration activities related to the cement business. In previous years management recognized a full impairment related to the total net book value of a closed zinc mining unit which included concession costs, development costs and related facilities and equipment. From this impairment estimate, S/42,859,000 corresponds to concession costs. According to management´s expectation the recovery amount of this zinc mining unit is zero. (c) The Group has assessed the recoverable amount of its remaining long-term assets and did not find indicators of an impairment for these assets as of December 31, 2022 and 2021. (d) Work in progress included in property, plant and equipment as of December 31, 2022 and 2021 is mainly related to complementary facilities of the cement plants. (e) As of December 31, 2022, the Group maintains accounts payable related to the acquisition of property, plant and equipment for S/14,560,000 (S/7,615,000 as of December 31, 2021), see note 14. (f) During 2022 and 2021, the Group capitalized borrowing costs by S/2,739,000 and S/103,000 mainly related with the Clinker Line Optimization project - Kiln 4 located in Pacasmayo. The rate used to determine the amount of borrowings costs eligible for capitalization was approximately 5.30 percent as of December 31, 2022, which is the effective rate of the borrowing the Group has as of such date. The amount of borrowing costs eligible for capitalization is determined by applying the capitalization rate to the capital expenditures incurred on qualifying assets.

Intangibles assets, net

Intangibles assets, net	12 Months Ended
	Dec. 31, 2022
Intangibles assets, net [Abstract]
Intangibles assets, net	11. Intangibles assets, net (a) The composition and movement of this caption as of the date of the consolidated statement of financial position is presented below: IT applications Finite life intangible Indefinite life intangible Exploration cost and mining evaluation (b) Total S/(000) S/(000) S/(000) S/(000) S/(000) Cost As of January 1, 2021 34,271 24,543 1,975 49,530 110,319 Additions 7,152 - - 1,739 8,891 Disposals - - - (54 ) (54 ) Transfers, note 10 - - - 64 64 As of December 31, 2021 41,423 24,543 1,975 51,279 119,220 Additions 14,564 - - 417 14,981 Disposals (27 ) - - (27 ) Transfers and reclassifications, note 10 107 - - 627 734 As of December 31, 2022 56,067 24,543 1,975 52,323 134,908 Accumulated amortization As of January 1, 2021 13,344 5,710 71 8,085 27,210 Additions 4,681 2,455 - 965 8,101 Disposals - - - (54 ) (54 ) As of December 31, 2021 18,025 8,165 71 8,996 35,257 Additions 5,833 2,454 - 575 8,862 Transfers and reclassifications, note 10 - - - 3 3 As of December 31, 2022 23,858 10,619 71 9,574 44,122 Impairment (b) As of December 31, 2021 - - - 33,469 33,469 As of December 31, 2022 456 - - 33,469 33,925 Net Carrying Value As of December 31, 2021 23,398 16,378 1,904 8,814 50,494 As of December 31, 2022 31,753 13,924 1,904 9,280 56,861 (b) As of December 31, 2022 and 2021, the exploration cost and mining evaluation include mainly capital expenditures related to the coal project and to other minor projects related to the cement business. (c) As of December 31, 2022 and 2021, the Group evaluated the conditions of use of the projects related to the exploration and mining evaluation costs and its other intangibles, not finding any indicators of impairment in said assets.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2022
Disclosure Of Goodwill Text Block Abstract
Goodwill	12. Goodwill As of December 31, 2022 and 2021, the S/4,459,000 of goodwill relates to the acquisition of assets made by the subsidiary Distribuidora Norte Pacasmayo S.R.L. The Group has assessed the recoverable amount of goodwill held and has determined that there is no impairment at December 31, 2022 and 2021.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Disclosure of leases [Abstract]
Leases	13. Leases The Group maintains lease contracts with third parties, mainly a contract for the lease of trucks for a term of 5 years. The annual incremental interest rate used for the initial recognition of the right-of-use asset and the lease liability ranges between 5.2 and 6.2 percent. The Group also leases certain minor equipment for less than 12 months, the Group has decided to apply the recognition exemption for short term leases (less than 12 months) and for leases of low value assets. The expense for this type of lease amounted to S/1,527,000 for the twelve-month period ended December 31, 2022 (2021: S/1,419,000) and was recognized in the “Administrative Expenses” caption of the interim condensed consolidated statement of profit or loss. The movement of the right-of-use assets recognized by the Group is shown below: Transportation units Other Total S/(000) S/(000) S/(000) Cost - Balance as of January 1, 2021 7,504 38 7,542 Additions 217 - 217 Sales and/or retirement - (3 ) (3 ) Balance as of December 31, 2021 7,721 35 7,756 Additions 306 307 613 Balance as of December 31, 2022 8,027 342 8,369 Accumulated depreciation - Balance as of January 1, 2021 1,501 35 1,536 Additions 1,552 - 1,552 Balance as of December 31, 2021 3,053 35 3,088 Additions 1,616 26 1,642 Balance as of December 31, 2022 4,669 61 4,730 Net book value As of December 31, 2021 4,668 - 4,668 As of December 31, 2022 3,358 281 3,639 The movement of the lease liabilities recognized by the Group is shown below: 2022 2021 S/(000) S/(000) Balance as of January 1 5,829 6,633 Additions 613 217 Financial interest expenses, note 26 317 383 Lease payments (2,511 ) (2,419 ) Other 107 1,015 Balance as of December 31 4,355 5,829 Maturity Current portion 2,005 1,856 Non-current portion 2,350 3,973 Balance as of December 31 4,355 5,829 The future cash disbursements in relation to lease liabilities have been disclosed in note 30.

Trade and other payables

Trade and other payables	12 Months Ended
	Dec. 31, 2022
Trade and other payables [Abstract]
Trade and other payables	14. Trade and other payables (a) This caption is made up as follows: 2022 2021 S/(000) S/(000) Trade payables (b) 159,096 111,336 Interest payable (d) 26,611 29,871 Remuneration payable 19,735 20,835 Advances from customers 14,702 14,668 Accounts payable related to the acquisition of property, plant and equipment, note 10(e) 14,560 7,615 Taxes and contributions 11,347 8,638 Dividends payable, note 18(g) 9,764 9,550 Hedge finance cost payable 5,978 6,213 Board of Directors’ fees 5,191 5,615 Guarantee deposits 4,127 4,645 Account payable to the principal and affiliates, note 27 2,686 143 Other accounts payable 10,757 8,425 284,554 227,554 (b) Trade accounts payable result from the purchases of material, services and supplies for the Group’s operations, and mainly correspond to invoices payable to domestic suppliers. Trade payables are non-interest bearing and are normally settled on 60 to 120 days term. (c) Other payables are non-interest bearing and have an average term of 3 months. (d) Interest payable is normally settled semiannually throughout the financial year.

Provisions

Provisions	12 Months Ended
	Dec. 31, 2022
Disclosure Of Provisions Text Block Abstract
Provisions	15. Provisions (a) This caption is made up as follows: Workers’ Long-term incentive plan (c) Quarry Provision of legal contingencies Total S/(000) S/(000) S/(000) S/(000) S/(000) At January 1, 2021 9,380 12,090 10,161 3,090 34,721 Additions (b), note 23 25,165 9,763 - - 34,928 Exchange difference - - 1,060 - 1,060 Unwinding of discounts, note 26 - 660 75 - 735 Change in estimate - - (260 ) - (260 ) Payments and advances (10,276 ) - - - (10,276 ) At December 31, 2021 24,269 22,513 11,036 3,090 60,908 Current portion 24,269 - - - 24,269 Non-current portion - 22,513 11,036 3,090 36,639 24,269 22,513 11,036 3,090 60,908 At January 1, 2022 24,269 22,513 11,036 3,090 60,908 Additions (b), note 23 32,161 8,272 - 1,368 41,801 Exchange difference - - (495 ) - (495 ) Unwinding of discounts, note 26 - 1,200 91 - 1,291 Change in estimate - - 2,745 - 2,745 Payments and advances (25,097 ) - - (2,182 ) (27,279 ) At December 31, 2022 31,333 31,985 13,377 2,276 78,971 Current portion 31,333 - - - 31,333 Non-current portion - 31,985 13,377 2,276 47,638 31,333 31,985 13,377 2,276 78,971 (b) Workers’ profit sharing - In accordance with Peruvian legislation, the Group is obliged to pay its employees profit sharing of between 8% and 10% of annual taxable income. Distributions to employees under the plan are based 50% on the number of days that each employee worked during the preceding year and 50% on proportionate annual salary levels. The workers’ profit sharing is recognized in the following line items: 2022 2021 S/(000) S/(000) Cost of sales, note 23 15,165 13,887 Administrative expenses, note 23 12,520 8,935 Selling and distribution expenses, note 23 3,287 2,227 Investment 1,189 116 32,161 25,165 (c) Long-term incentive plan - In 2011, the Group implemented a compensation plan for its key management. This long-term benefit is payable in cash, based on the salary of each officer and depends on the years of service of each officer in the Group. According to the latest plan update, the executive would receive the equivalent of an annual salary for each year of service beginning to accrue from 2019. This benefit accrues and accumulates for each officer and is payable in two installments: the first payment will be made on the sixth year after the creation of this bonus plan, and the last payment at the end of the ninth year from the creation of the plan. If the executive decides to voluntarily leave the Group before a scheduled distribution, they will not receive this compensation. The Group used the Projected Unit Credit Method to determine the present value of this deferred obligation and the related current deferred cost, considering the expected increases in salary base and the corresponding current government bond discount rate (risk-free rate). (d) Quarry Rehabilitation provision - As of December 31, 2022 and 2021, it corresponds to the provision for the future costs of rehabilitating the quarries exploited in Company’s operations. The provision has been created based on studies made by internal specialists. Management believes that the assumptions used, based on the current economic environment, are a reasonable basis upon which to estimate the future liability. These estimates are reviewed regularly to consider any material change to the assumptions. However, actual quarry rehabilitation costs will ultimately depend upon future market prices for the necessary decommissioning works required to reflect future economic conditions. Future cash flows have been estimated based on financial budgets approved by Management. The range of the risk-free discount rate in dollars used in the calculation of the provision as of December 31, 2022 was from 0.54 to 4.14 and the risk-free discount rate in dollars used in the calculation of the provision as of December 31, 2021 was from 0.12 to 1.94 Management expects to incur a significant part of this obligation in the medium and long-term. The Group estimates that this liability is sufficient according to the current environmental protection laws approved by the Ministry of Energy and Mines.

Financial Obligations

Financial Obligations	12 Months Ended
	Dec. 31, 2022
Financial Obligations [Abstract]
Financial obligations	16. Financial obligations (a) This caption is made up as follows: Currency Nominal interest rate Maturity 2022 2021 % S/(000) S/(000) Short -term promissory notes (b) Banco de Crédito del Perú S/ 8.93 % December 18,2023 38,000 - Banco de Crédito del Perú S/ 8.93 % December 18,2023 38,000 - Banco de Crédito del Perú US$ 1.80 % July 8,2022 - 71,964 Banco de Crédito del Perú S/ 2.62 % January 10, 2022 - 79,500 Banco de Crédito del Perú S/ 2.62 % January 10, 2022 - 79,500 Banco de Crédito del Perú S/ 1.55 % December 23, 2022 - 110,000 Banco de Crédito del Perú S/ 1.55 % December 23, 2022 - 110,000 Total current 76,000 450,964 Senior Notes (c) Principal, net of issuance costs US$ 4.50 % February 8, 2023 502,699 525,420 Principal, net of issuance costs S/ 6.69 % February 1, 2029 259,625 259,563 Principal, net of issuance costs S/ 6.84 % February 1, 2034 309,457 309,408 1,071,781 1,094,391 Short and long-term Corporate Loan under “Club deal” (d) Banco de Crédito del Perú S/ 5.82 % December 1,2028 222,695 - Scotiabank S/ 5.82 % December 1,2028 222,695 - 445,390 - Total non-current 1,593,171 1,545,355 Maturity Current 618,907 450,964 Non-current 974,264 1,094,391 1,593,171 1,545,355 (b) Short-term promissory notes - As of December 31, 2021, the Company maintained two loans of S/79,500,000 each with maturity in January 2022 and with an annual effective interest rate of 2.62 percent. Also, as of December 31, 2021, the Company maintained a loan of US$18,000,000 with maturity in July 2022 and at an effective annual interest rate of 1.80 percent. On July 1, 2021, the Company acquired two medium-term notes with Banco de Crédito del Peru S.A. for S/110,000,000 each, with a maturity date of December 23, 2022 and an effective annual interest rate of 1.55 percent. These loans have been paid with the corporate loan mentioned in section (d). (c) Senior Notes- (c.1) Senior Notes in US dollars The General Shareholder’s Meeting held on January 7, 2013, approved that the Company complete a financing transaction. In connection with this, the Board of Directors’ Meeting held on January 24, 2013, agreed to issue Senior Notes through a private offering under Rule 144A and Regulation S of the U.S. Securities Act of 1933. Also it was agreed to list these securities on the Ireland Stock Exchange. Consequently, on February 1, 2013, the Company issued Senior Notes with a face value of US$300,000,000, with a nominal annual interest rate of 4.50%, and maturity in 2023, obtaining total net proceeds of US$293,646,000 (S/762,067,000). The Company used part of the net proceeds from the offering to prepay certain of its existing debt and the difference was used to fund capital expenditures in connection with its cement business. The Senior Notes are guaranteed by the following subsidiaries of the Company: Cementos Selva S.A.C., Distribuidora Norte Pacasmayo S.R.L., Empresa de Transmisión Guadalupe S.A.C., Dinoselva Iquitos S.A.C and Calizas del Norte S.A.C. (liquidated during 2022). The Board of Directors’ Meeting held on November 26, 2018, approved the repurchase of a portion of the Senior Notes denominated in US dollars. As a result, the Company acquired Senior Notes totaling US$168,388,000. Consequently, the Senior Notes balance in US dollars was US$131,612,000, in periods as of December 31, 2022 and 2021. To finance this acquisition, the Company issued medium-term promissory notes from Banco de Crédito del Perú (bridge loans) for a total of S/580,769,000, which were canceled with the issuance of the Senior Notes denominated in Soles in January 2019, as explained below. On the other hand, as a consequence of the purchase of the Senior Notes denominated in US dollars, the Company’s Management considers that it was not necessary to continue with all the derivative financial instruments that were previously used to hedge those liabilities. For this reason, during December 2018, the Company settled US$150,000,000 of a total of US$300,000,000 nominal amount of derivatives then outstanding. In 2021, the Company settled derivative financial instruments of negotiation recognized at fair value through profit or loss for US$18,000,000. The loss obtained from this settlement amounted to approximately S/1,569,000, which was presented in cumulative net loss on settlement of derivative financial instruments caption from the consolidated statement of profit and loss for the year ended December 31, 2021, see note 31(a). As of December 31, 2022 and 2021, the Company has hedged certain derivative contracts as cash flow hedges contracts to reduce the foreign currency risk of the outstanding corporate bonds, which are denominated in US dollars for the amount of US$132,000,000, see note 31(a). (c.2) Senior Notes in Soles The General Shareholders’ Meeting held on January 8, 2019, approved the issuance of Senior Notes denominated in Soles in the local market up to the maximum amount of S/1,000,000,000 through the Second Corporate Bonds Program of Pacasmayo, whose purpose was to settle the mid-term loans described in the previous paragraph. On January 31, 2019, senior notes were issued for: i) S/260,000,000 at a rate of 6.688 percent per year and maturity of 10 years and; ii) S/310,000,000 at a rate of 6.844 percent per year and maturity of 15 years. The Senior Notes in soles issued in 2019 are guaranteed by the following Company’s subsidiaries: Cementos Selva S.A.C., Distribuidora Norte Pacasmayo S.R.L., Empresa de Transmisión Guadalupe S.A.C. and Dinoselva Iquitos S.A.C. (c.3) Financial covenants The financial covenants related to the Senior Notes denominated US dollars and soles state that if the Company and its guarantor subsidiaries issue debt or equity instruments, merges with another company or dispose or rents significant assets, the Senior Notes will trigger the following financial covenants, calculated based on the Company and Guarantee Subsidiaries annual consolidated financial statements: - A fixed charge covenant ratio of at least 2.5 to 1. - A consolidated debt-to-EBITDA ratio of no greater than 3.5 to 1. As of December 31, 2022, the Company was in compliance with these covenants. For the years ended December 31, 2022, 2021 and 2020, senior notes generated interest that has been recognized in the consolidated statement of profit or loss for S/60,225,000, S/63,333,000 and S/60,857,000, respectively, see note 26. (d) Medium-term Corporate Loan under “Club Deal” modality: On August 6, 2021, the Company established the conditions of a medium-term corporate loan under “Club Deal” modality with Banco de Crédito del Perú S.A. and Scotiabank Perú S.A.A. The loan amounts to S/860,000,000 that will allow the payment of all the financial obligations that the Company maintains with a maturity until February 2023 and will be disbursed based on the maturity of each of these obligations. The disbursements amounted to S/449,000,000 and were made during 2022 and were used to pay the loans mentioned in section (b). The loan conditions include a grace / availability period of 18 months from August 6 and a payment term of 7 years from the last disbursement, which is estimated for the Company estimates will occur in February 2023. Since that date, the loan will be paid in 22 equal quarterly installments and has an annual interest rate of 5.82 percent. As part of the loan conditions, the Company has assumed the following obligations: I. Comply with the following financial covenants: a. Debt Ratio (Financial Debt / EBITDA) <= 3.50x b. Debt Service Coverage Ratio (FCSD / SD)> = 1.15x c. Debt Service Coverage Ratio (EBITDA / SD) = 1.50x These financial safeguards will be calculated and verified at the end of each calendar quarter, considering the information of the consolidated financial statements of the Company for the last 12 months, prepared in accordance with IFRS. II. It maintains the following main obligations to do: a. Subordinate any obligation the Company had or may have to this loan. b. Maintain the loan with a status equal to other senior financing of the Company. c. Keep assets in good condition and properly insured. d. Maintain all licenses, authorizations, concessions, permits, titles and rights required by government authorities. III. It maintains the following obligations not to do: a. Pay dividends, reduce capital stock or make any other distribution to its shareholders if such events would result in the Company´s lack of compliance with the obligations assumed. b. That the Company and its subsidiaries participate in processes of liquidation, transformation, corporate reorganization, acquisition of companies, merger or spin-off. c. Transfer, sell, alienate, donate or give in usufruct, lease, give in fiduciary domain, encumber their assets, income flows and / or collection rights. d. Grant financing, personal or real guarantees in favor of third parties. As of December 31, 2022, the Company was in compliance with the ratios and other obligations of the loan.

Deferred Income Tax Assets and

Deferred Income Tax Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Disclosure Of Deferred Taxes Text Block Abstract
Deferred income tax assets and liabilities	17. Deferred income tax assets and liabilities The following is the composition of the caption according to the items that originated it: As of January 1, Effect on profit or loss Effect on OCI As of December 31, Effect on profit or loss Additions quarry Effect on OCI As of December 31, S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Movement of deferred income tax assets: Deferred income tax assets Provision for vacations 1,570 335 - 1,905 196 - - 2,101 Allowance for expected credit losses for trade receivables 1,457 76 - 1,533 555 - - 2,088 Provision of discounts and bonuses to customers 2,457 (230 ) - 2,227 (448 ) - - 1,779 Lease liabilities 892 (87 ) 14 819 (119 ) - - 700 Effect of tax-loss carry forward 9,270 (7,559 ) - 1,711 (1,018 ) - - 693 Legal claim contingency 461 - - 461 - - - 461 Estimate for devaluation of spare parts and supplies 431 1 - 432 3 - - 435 Effect of differences between book and tax bases of fixed assets and in the depreciation rates used for book purposes 227 73 - 300 89 - - 389 Effect of differences between book and tax bases of inventories 55 - - 55 - - - 55 Allowance for expected credit losses for other receivables 974 - - 974 (974 ) - - - Other 63 555 (14 ) 604 290 - - 894 17,857 (6,836 ) - 11,021 (1,426 ) - - 9,595 Deferred income tax liabilities Right of use assets (809 ) 178 (17 ) (648 ) 88 - - (560 ) Effect of differences between book and tax bases of fixed assets and in the depreciation rates used for book purposes (1,430 ) 486 - (944 ) 897 - - (47 ) Other - - 17 17 - - - 17 (2,239 ) 664 - (1,575 ) 985 - - (590 ) Total deferred income tax assets 15,618 (6,172 ) - 9,446 (441 ) - - 9,005 Movement of deferred income tax liabilities: Deferred income tax assets Impairment on brine project assets Salmueras 17,563 255 - 17,818 212 - - 18,030 Long-term incentive plan 3,566 3,075 - 6,641 2,794 - - 9,435 Impairment of mining assets 6,916 (212 ) - 6,704 951 - - 7,655 Financial instruments designated at fair value through OCI 6,051 - 589 6,640 - - 167 6,807 Provision for spare parts and supplies obsolescence 5,381 327 - 5,708 216 - - 5,924 Provision for vacations 3,258 423 - 3,681 203 - - 3,884 Quarry rehabilitation provision 2,781 (55 ) - 2,726 27 810 - 3,563 Allowance for expected credit losses for trade receivables 101 534 - 635 18 - - 653 Legal claim contingency 1,065 (135 ) - 930 (502 ) - - 428 Lease liabilities 450 - - 450 (240 ) - - 210 Other 275 53 - 328 - - - 328 47,407 4,265 589 52,261 3,679 810 167 56,917 Deferred income tax liabilities Effect of differences between book and tax bases of fixed assets and in the depreciation rates (192,544 ) 2,366 - (190,178 ) 3,752 (810 ) - (187,236 ) Net gain on cash flow hedge (2,952 ) 1,684 (6,146 ) (7,414 ) 36 - (1,133 ) (8,511 ) Effect of costs of issuance of senior notes (770 ) (1,915 ) - (2,685 ) 314 - - (2,371 ) Right of use assets (963 ) 217 - (746 ) 354 - - (392 ) Other (42 ) - - (42 ) - - - (42 ) (197,271 ) 2,352 (6,146 ) (201,065 ) 4,456 (810 ) (1,133 ) (198,552 ) Total deferred income tax liabilities, net (149,864 ) 6,617 (5,557 ) (148,804 ) 8,135 - (966 ) (141,635 ) 445 (5,557 ) 7,694 (966 ) The Group offsets tax assets and liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities, and the tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority. The legal right is defined for each individual determination of the income tax of the Company and its Subsidiaries. A reconciliation between tax expense and the product of the accounting profit multiplied by Peruvian tax rate for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Profit before income tax 262,420 224,110 85,898 Income tax expense calculated at the statutory income tax rate of 29.5% (77,414 ) (66,112 ) (25,340 ) Permanent differences Non-deductible expenses, net (7,415 ) (4,070 ) (1,596 ) Effect of tax-loss carry forward not recognized (763 ) (758 ) (1,068 ) Income tax expense the effective income tax rate of 33% in 2022 (2021: 32% and 2020: 33%) (85,592 ) (70,940 ) (28,004 ) The components of the deferred income tax related to the items recognized in the OCI during the years ended December 31, 2022, 2021 and 2020, are as follow: 2022 2021 2020 S/(000) S/(000) S/(000) Consolidated statement of profit or loss Current (93,286 ) (71,385 ) (25,779 ) Deferred 7,694 445 (2,225 ) (85,592 ) (70,940 ) (28,004 ) The income tax recorded directly to OCI represents a loss of S/966,000 during 2022, a loss of S/5,557,000 during 2021 and a gain of S/5,659,000 during 2020. The composition of the deferred income tax related to the items recognized in OCI is as follow: 2022 2021 2020 S/(000) S/(000) S/(000) Tax effect on unrealized gain on available-for-sale financial asset 167 589 5,172 Tax effect on unrealized gain (loss) on hedging derivative financial asset (1,133 ) (6,146 ) 487 Total deferred income tax in OCI (966 ) (5,557 ) 5,659 As of December 31, 2022, 2021 and 2020, the Group had not recognized a deferred tax liability for taxes that would be payable on the unremitted earnings of the Group’s subsidiaries. The Group has determined that the timing differences will be reversed by means of dividends to be received in the future that, according to the current tax rules in effect in Peru, are not subject to income tax. As of December 31, 2022, certain subsidiaries of the Group had tax loss carryforwards of S/25,424,000 (2021: S/24,085,000). These tax loss carryforwards do not expire, are related to subsidiaries that have a history of losses for some time and cannot be used to offset future taxable profits of other Group subsidiaries. No deferred tax assets have been recognized in relation to these tax loss carryforwards, since there are no possibilities of tax planning opportunities or other evidence of recovery in the near future. For information purposes, the temporary difference associated with investments in subsidiaries, would generate an aggregate deferred tax liability amounting to S/104,842,000 (2020: S/83,079,000), which should not be recognized in the consolidated financial statements as it is not expected to reverse in the foreseeable future and the Company is in control of such reversal.

Equity

Equity	12 Months Ended
	Dec. 31, 2022
Disclosure of share capital, reserves and other equity interest [Abstract]
Equity	18. Equity (a) Capital stock - As of December 31, 2022 and 2021, share capital was represented by 423,868,449 authorized common shares subscribed and fully paid, with a nominal value of one Soles per share. As of December 31, 2022, the total outstanding common shares are as follow; 34,060,726 are listed on the New York Stock Exchange and 389,807,723 listed on the Lima Stock Exchange. As of December 31, 2021 from the total outstanding common shares; 34,252,841 are listed on the New York Stock Exchange and 389,615,608 were listed on the Lima Stock Exchange. (b) Investment shares - Investment shares do not have voting rights or participate in shareholder’s meetings or the appointment of directors. Investment shares confer upon the holders thereof the right to participate in dividends distributed according to their nominal value, in the same manner as common shares. Investment shares also confer the holders thereof the right to: (i) maintain the current proportion of the investment shares in the case of capital increase by new contributions; (ii) increase the number of investment shares upon capitalization of retained earnings, revaluation surplus or other reserves that do not represent cash contributions; (iii) participate in the distribution of the assets resulting from liquidation of the Company in the same manner as common shares; and, (iv) redeem the investment shares in case of a merger and/or change of business activity of the Company. As of December 31, 2022 and 2021, the Company had 40,278,894 investment shares subscribed and fully paid, with a nominal value of one Sol per share. (c) Treasury shares - As of December 31, 2022 and 2021, the Company maintained 36,040,497 investment shares held in treasury amounting to S/121,258,000. (d) Additional paid-in capital - As of December 31, 2022 and 2021, the additional capital amounted to S/432,779,000 and arises mainly as a result of the excess of total proceeds obtained versus par value in the issuance of 111,484,000 common shares and 928,000 investment shares corresponding to a public offering of American Depositary Shares (ADS) registered with the New York Stock Exchange and Lima Stock Exchange. (e) Legal reserve - Provisions of the General Corporation Law require that a minimum of 10 per cent of the distributable earnings for each period, after deducting the income tax, be transferred to a legal reserve until such is equal to 20 per cent of the capital. This legal reserve can offset losses or can be capitalized, and in both cases, there is the obligation to replenish it. (f) Other accumulated comprehensive results - This reserve records fair value changes on available-for-sale financial assets and the unrealized results of cash flow hedges. (g) Distributions made and proposed – 2022 2021 2020 Approval date by Board of Directors October 10, 2022 April 29, 2021 November 16, 2020 Declared dividends per share to be paid in cash S/ 0.42000 0.79000 0.23000 Declared dividends S/(000): 179,805 338,204 98,465 As of December 31, 2022 and 2021, dividends payable amounted to S/9,764,000, and S/9,550,000, respectively, see note 14.

Sales of Goods

Sales of Goods	12 Months Ended
	Dec. 31, 2022
Disclosure Of Revenue Text Block Abstract
Sales of goods	19. Sales of goods This caption is made up as follows: For the year ended of December 31, 2022 Cement Concrete and mortar Precast Quicklime Construction supplies Other Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segments Sale of cement, concrete, mortar and precast 1,742,704 189,945 31,177 - - - 1,963,826 Sale of construction supplies - - - - 114,024 - 114,024 Sale of quicklime - - - 37,858 - - 37,858 Sale of other - - - - - 38 38 1,742,704 189,945 31,177 37,858 114,024 38 2,115,746 Moment of the revenue recognition Goods transferred at a point in time 1,742,704 189,945 31,177 37,858 114,024 38 2,115,746 For the year ended of December 31, 2021 Cement Concrete and mortar Precast Quicklime Construction supplies Other Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segments Sale of cement, concrete, mortar and precast 1,534,867 213,565 36,055 - - - 1,784,487 Sale of construction supplies - - - - 113,905 - 113,905 Sale of quicklime - - - 39,141 - - 39,141 Sale of other - - - - - 234 234 1,534,867 213,565 36,055 39,141 113,905 234 1,937,767 Moment of the revenue recognition Goods transferred at a point in time 1,534,867 213,565 36,055 39,141 113,905 234 1,937,767 For the year ended of December 31, 2020 Cement Concrete and mortar Precast Quicklime Construction supplies Other Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segments Sale of cement, concrete, mortar and precast 1,023,907 126,135 35,144 - - - 1,185,186 Sale of construction supplies - - - - 78,192 - 78,192 Sale of quicklime - - - 32,473 - - 32,473 Sale of other - - - - - 483 483 1,023,907 126,135 35,144 32,473 78,192 483 1,296,334 Moment of the revenue recognition Goods transferred at a point in time 1,023,907 126,135 35,144 32,473 78,192 483 1,296,334 For all segments, performance obligations are met at the time of delivery of the goods and the terms of payment are usually between 30 and 90 days from the date of dispatch.

Cost of Sales

Cost of Sales	12 Months Ended
	Dec. 31, 2022
Disclosure of cost of sales [Abstract]
Cost of Sales	20. Cost of sales This caption is made up as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Beginning balance of goods and finished products 25,304 12,877 22,133 Beginning balance of work in progress 135,008 114,246 166,999 Consumption of miscellaneous supplies 622,579 566,781 295,688 Maintenance and third-party services 277,250 242,412 147,282 Shipping costs 201,849 196,064 113,054 Depreciation and amortization 121,871 118,998 122,541 Personnel expenses, note 23(b) 125,683 113,513 89,805 Costs of packaging 81,023 71,580 45,032 Other manufacturing expenses 80,122 102,177 45,637 Ending balance of goods and finished products (20,037 ) (25,304 ) (12,877 ) Ending balance of work in progress (186,937 ) (135,008 ) (114,246 ) 1,463,715 1,378,336 921,048

Administrative Expenses

Administrative Expenses	12 Months Ended
	Dec. 31, 2022
Disclosure Of General And Administrative Expense Text Block Abstract
Administrative Expenses	21. Administrative expenses This caption is made up as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Personnel expenses, note 23(b) 116,748 96,891 76,291 Third-party services 72,172 59,896 48,713 Depreciation and amortization 16,667 16,569 16,626 Donations 8,494 9,067 9,188 Board of Directors compensation 6,112 6,397 5,992 Taxes 5,669 5,563 5,262 Consumption of supplies 1,715 1,686 1,297 227,577 196,069 163,369

Selling and Distribution Expens

Selling and Distribution Expenses	12 Months Ended
	Dec. 31, 2022
Disclosure Of Expenses Text Block Abstract
Selling and distribution expenses	22. Selling and distribution expenses This caption is made up as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Personnel expenses, note 23(b) 42,300 33,867 26,283 Third-party services 11,106 9,733 7,326 Advertising and promotion 6,417 5,637 3,285 Allowance for expected credit losses, note 7(d) 1,972 563 1,582 Other 3,442 1,720 1,677 65,237 51,520 40,153

Employee Benefits Expenses

Employee Benefits Expenses	12 Months Ended
	Dec. 31, 2022
Disclosure Of Employee Benefits Text Block Abstract
Employee benefits expenses	23. Employee benefits expenses (a) Employee benefits expenses are made up as follow: 2022 2021 2020 S/(000) S/(000) S/(000) Wages and salaries 165,530 138,675 115,630 Social contributions 32,966 28,842 26,085 Workers ‘profit sharing, note 15(b) 30,972 25,049 9,513 Legal bonuses 20,556 19,620 17,413 Vacations 18,481 18,032 16,301 Long-term incentive plan, note 15 8,272 9,763 5,759 Cessation payments 4,511 2,203 858 Training 2,307 1,408 476 Other 1,136 679 344 284,731 244,271 192,379 (b) Employee benefits expenses are allocated as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Cost of sales, note 20 125,683 113,513 89,805 Administrative expenses, note 21 116,748 96,891 76,291 Selling and distribution expenses, note 22 42,300 33,867 26,283 284,731 244,271 192,379

Other Operating Income (Expense

Other Operating Income (Expense), Net	12 Months Ended
	Dec. 31, 2022
Other Operating Income (Expense), Net [Abstract]
Other Operating Income (Expense), Net	24. Other operating income (expense), net This caption is made up as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Rentals to third parties 1,694 2,328 649 Income from land rental and office lease, note 27 1,508 1,639 1,859 Net gain (loss) on disposal of property, plant and equipment and intangible assets 591 1,775 2,591 Recovery of expenses 204 491 1,166 Income from management and administrative services provided to related parties, note 27 198 305 834 Expenses to counteract the COVID-19 effect - - (2,642 ) Other, net (8,094 ) (130 ) (111 ) (3,899 ) 6,408 4,346

Finance Income

Finance Income	12 Months Ended
	Dec. 31, 2022
Finance Income [Abstract]
Finance income	25. Finance income This caption is made up as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Interest on term deposits 1,884 834 2,243 Interest on accounts receivable 1,090 898 204 Tax interest - 1,015 - Other finance income 332 144 529 3,306 2,891 2,976

Finance Costs

Finance Costs	12 Months Ended
	Dec. 31, 2022
Finance Costs [Abstract]
Finance costs	26. Finance costs This caption is made up as follows: 2022 2021 2020 S/(000) S/(000) S/(000) Interest on senior notes, note 16 (c) 60,225 63,333 60,857 Finance cost on cross currency swaps 15,155 15,046 16,144 Interest on promissory notes 14,920 7,326 8,298 Expenses for the purchase and amortization of issuance costs of senior notes 1,027 815 816 Interest on lease liabilities, note 13 317 383 409 Counterparty credit risk in cross currency swaps 62 848 542 Interest for bank overdraft - - 802 Commission for prepayment of loans - - 325 Other 2,108 479 74 Total interest expense 93,814 88,230 88,267 Unwinding of discount of provisions, note 15 1,291 735 427 Total finance costs 95,105 88,965 88,694

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2022
Related Party Disclosure [Abstract]
Related parties	27. Related parties Transactions with related entities - During 2022, 2021 and 2020, the Company carried out the following transactions with its parent company Inversiones ASPI S.A. and its other related parties: 2022 2021 2020 S/(000) S/(000) S/(000) Income Parent Inversiones ASPI S.A. (ASPI) Income from office lease 16 20 17 Fees for management and administrative services 100 98 88 Other related parties Compañía Minera Ares S.A.C. (Ares) Income from land lease, note 29 1,200 1,230 1,303 Income from office lease 244 332 478 Fossal S.A.A. (Fossal) Income from office lease 16 18 19 Fees for management and administrative services 52 52 48 Fosfatos del Pacífico S.A. (Fospac) Income from office lease 16 19 24 Fees for management and administrative services 46 155 698 Asociación Sumac Tarpuy Income from office lease 16 20 18 Expense Other related parties Security services provided by Compañía Minera Ares S.A.C. (2,110 ) (2,836 ) (1,912 ) Loans Other related parties Loans to Fossal S.A.A. - (14,252 ) - Loans to Fosfatos del Pacífico S.A. - (2,869 ) - Loan collection from Fossal S.A.A. - 14,252 - Loan collection from Fosfatos del Pacífico S.A. - 2,869 - As a result of these transactions, the Company had the following rights and obligations as of December 31, 2022 and 2021: 2022 2021 Accounts Accounts Accounts Accounts S/(000) S/(000) S/(000) S/(000) Parent Inversiones ASPI S.A. - 5 - 105 - 5 - 105 Other related parties Fosfatos del Pacífico S.A. 1,123 461 1,039 37 Compañía Minera Ares S.A.C. 564 2,220 199 - Fossal S.A.A. 75 - 12 - Other 96 - 64 1 1,858 2,681 1,314 38 1,858 2,686 1,314 143 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, 2022, 2021 and 2020, the Group has 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, 2022, the total short-term compensation amounted to S/26,066,000 (2021: S/22,678,000 and 2020: S/21,859,000) and the total long-term compensation amounted to S/8,272,000 (2021: S/9,763,000 and 2020: S/5,759,000), and there were no post-employment or contract termination benefits or share-payments.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share (EPS) [Abstract]
Earnings per share	28. Earnings per share Basic and diluted earnings per share amounts are calculated by dividing the profit for the year by the weighted average number of common shares and investment shares outstanding during the year. The calculation of basic and diluted earnings per share is shown below: 2022 2021 2020 Numerator Profit for the year (S/000) 176,828 153,170 57,894 Denominator Weighted average number of common and investment shares (thousands of shares) 428,107 428,107 428,107 Basic and diluted earnings per share (S/) 0.41 0.36 0.14 The Group has no dilutive potential ordinary shares as of December 31, 2022, 2021 and 2020. There have been no other transactions involving common shares or investment shares between the reporting date and the date of the authorization of these consolidated financial statements.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies [Abstract]
Commitments and contingencies	29. Commitments and contingencies Operating lease commitments – Group as lessor As of December 31, 2022 and 2021, the Group, as lessor, has a land lease with Compañía Minera Ares S.A.C. a related party of Inversiones ASPI S.A. This lease is renewable annually, and provided an annual rent expense for the years ended December 31, 2022, 2021 and 2020 of S/1,200,000, S/1,230,000 and S/1,303,000, respectively; see note 27. Consortium contract – On December 19, 2022, Distribuidora Norte Pacasmayo S.R.L., subsidiary of the Group, has subscribed a collaboration contract with Flujo Libre S.A.C., with the purpose to participate together in the project “Mejoramiento del Sistema de Pistas y Cerco Perimétrico del Aeropuerto de Piura”. The mentioned contract is valid for a maximum of 2 years and 11 months. On this matter, the Company has communicated to the tax authority the subscription of the collaboration contract which will not take independent accounting and Distribuidora Norte Pacasmayo S.R.L. will be the contracting party that will act as operator of the contract. Capital commitments As of December 31, 2022 and 2021, the Group had no significant capital commitments. Usufruct Concessions In December 2013, the Company signed an agreement with a third party, related to the use of the Virrilá concession, to carry out other non-metallic mining activities related to cement production. This agreement has a term of 30 years, with fixed annual payments of US$600,000 for the first three years and variable payments for the rest of the contract. The related expense for the years ended December 31, 2022, 2021 and 2020 amounted to S/9,445,000, S/7,280,000 and S/5,918,000 respectively, and was recognized as part of cost of inventory production. As part of this agreement, the Company is required to pay an equivalent amount of S/4.5 for each metric ton of calcareous extracted that is indexed by inflation after the first year of exploitation; the annual royalty may not be less than the equivalent to 850,000 metric tons after the beginning of the fourth year of production. The Company signed an agreement with two third parties in October 2007, related to usufruct of the Bayovar 4 concession for an indefinite period to extract coquina and other minerals. As consequence, the Group made payments amounting to US$250,000 for each third party for the first five years and variable payments for the rest of the contract. The related expense as of December 31, 2022 and 2021 amounted to S/1,582,000 and S/1,687,000, respectively, and were recognized as part of the cost of inventory production. As part of this agreement, the Company is required to pay an equivalent amount of US$5.1 to each third party for every metric ton of calcareous extracted, with the minimum production level for the calculation of 20,000 metric tons every six months following the beginning of the sixth year of production. Mining royalty According with the Royalty Mining Law in force since October 1, 2011, the royalty for the exploitation of metallic and nonmetallic resources is payable on a quarterly basis in an amount equal to the greater of: (i) an amount determined in accordance with a statutory scale of rates based on operating profit margin that is applied to the quarterly operating profit, adjusted by certain items, and (ii) 1% of net sales, in each case during the applicable quarter. These amounts are estimated based on the unconsolidated financial statements of Cementos Pacasmayo S.A.A. and the subsidiaries affected by this mining royalty, prepared in accordance with IFRS. Mining royalty payments will be deductible for income tax purposes in the fiscal year in which such payments are made. Mining royalty expense paid to the Peruvian Government for 2022, 2021 and 2020 amounted to S/1,193,000, S/990,000 and S/555,000 respectively, and is recognized as part of the cost of inventory production. Tax situation The Company is subject to Peruvian tax law. As of December 31, 2022, 2021 and 2020, the income tax rate is 29.5 percent of the taxable profit after deducting employee participation, which is calculated at a rate of 8 to 10 percent of the taxable income. For purposes of determining income tax, transfer pricing for transactions with related companies and companies resident in territories with low or no taxation, must be supported with documentation including information on the valuation methods used and the criteria considered for determination. Based on the operations of the Group, Management and its legal advisors believe that as a result of the application of these standards will not result in significant contingencies for the Group as of December 31, 2022 and 2021. The tax authority has the power to review and, if applicable, adjust the income tax calculated by each company in the four years subsequent after the year of filing the tax return. The statements of income tax and value added tax corresponding to the years indicated in the attached table are subject to review by the tax authorities: Years open to review by Tax Authority Income tax Value-added tax Entity Cementos Pacasmayo S.A.A. 2018 - 2022 Dec. 2018 - 2022 Cementos Selva S.A.C. 2018 - 2022 Dec. 2018 - 2022 Distribuidora Norte Pacasmayo S.R.L. 2018 - 2022 Dec. 2018 - 2022 Empresa de Transmisión Guadalupe S.A.C. 2018 - 2022 Dec. 2018 - 2022 Salmueras Sudamericanas S.A. 2018 - 2022 Dec. 2018 - 2022 Calizas del Norte S.A.C. (liquidated during 2022) 2018 - 2022 Dec. 2018 - 2022 Soluciones Takay S.A.C. 2019 - 2022 May to Dec.2019 - 2022 Due to possible interpretations that the tax authority may give to legislation in effect, it is not possible to determine whether or not any of the tax audits will result in increased liabilities for the Group. For that reason, tax or surcharge that could arise from future tax audits would be applied to the income of the period in which it is determined. However, in management’s opinion and that of its legal advisors, any possible additional payment of taxes would not have a material effect on the consolidated financial statements as of December 31, 2022. Environmental matters The Group’s exploration and exploitation activities are subject to environmental protection standards. Environmental remediation - Law No. 28271 regulates environmental liabilities in mining activities. This Law has the objectives of ruling the identification of mining activity’s environmental liabilities and financing the remediation of the affected areas. According to this law, environmental liabilities refer to the impact caused to the environment by abandoned or inactive mining operations. In compliance with the above-mentioned laws, the Group presented environmental impact studies (EIS), declaration of environmental studies (DES) and Environmental Adaptation and Management Programs (EAMP) for its mining concessions. The Peruvian authorities approved the EIS and EAMP presented by the Group for its mining concessions and exploration projects. A detail of plans and related expenses approved is presented as follows: Project unit Resource Resolution Year of Program Operating year expense 2022 2021 2020 S/(000) S/(000) S/(000) Rioja Limestone RD186-2014-PRODUCE/DVMYPE-I/DIGGAM 2014 EIA 810 713 315 Tembladera Limestone RD304-18-PRODUCE/DVMYPE-I/DIGAAMI 2018 PAMA 299 298 237 1,109 1,011 552 As of December 31, 2022 and 2021, the Group had no liabilities related to environmental remediation expenses because all were paid before the end of the year. Quarry rehabilitation provision - The Law No. 28090 regulates the obligations and procedures that must be met by the holders of mining activities for the preparation, filing and implementation of Quarry Closure Plans, as well as the establishment of the corresponding environmental guarantees to secure fulfillment of the investments that this includes, subject to the principles of protection, preservation and recovery of the environment. In connection with this obligation, as of December 31, 2022 and 2021, the Group maintains a provision for the closing of the quarries exploited by its operations amounting to S/13,377,000 and S/11,036,000, respectively. The Group believes that this liability is adequate to meet the current environmental protection laws approved by the Ministry of Energy and Mines, refer to note 15. Legal claim contingency The Group has received claims from third parties in relation with its operations which in aggregate represent S/ 3,447,000. From this total amount, S/ 2,847,000 corresponded to labor claims from former employees, S/596,000 is related to the tax assessments received from the tax administration corresponding to the 2009 tax period, which was reviewed by the tax authority during 2012 and S/4,000 correspond to contentious administrative claims. The Group has been advised by its legal counsel that it is only possible, but not probable, that these actions will succeed.

Financial Risk Management, Obje

Financial Risk Management, Objectives and Policies	12 Months Ended
	Dec. 31, 2022
Financial Risk Management, Objectives and Policies [Abstract]
Financial risk management, objectives and policies	30. Financial risk management, objectives and policies The Group’s main financial liabilities comprise loans and borrowings, trade payables and other payables. The main purpose of these financial liabilities is to finance the Group’s operations. The Group´s main financial assets include cash and short-term deposits and trade and other receivables that derive directly from its operations. The Group also holds derivative financial instruments designated at fair value through OCI, derivative financial instruments designated as cash flow hedges and derivative financial instruments at fair value through profit or loss. The Group is exposed to market risk, credit risk and liquidity risk. The Group’s senior management oversees the management of these risks. The Group’s senior management is supported by Financial Management that advises on financial risks and the appropriate financial risk governance framework for the Group. The financial management provides assurance to the Group’s senior management that the Group’s financial risk-taking activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Group´s policies and risk objectives. Management reviews and implements policies for managing each of these risks, which are summarized below. Market risk - Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprise three types of risk: interest rate risk, foreign currency risk and other price risk, such as equity price risk and commodity risk. Financial instruments affected by market risk include deposits, financial obligations, financial instruments designated at fair value through OCI and derivative financial instruments designated at fair value through profit or loss. The sensitivity analyses shown in the following sections relate to the Group’s consolidated position as of December 31, 2022 and 2021. The sensitivity analyses have been prepared on the basis that the amount of net debts and the proportion of financial instruments in foreign currencies are all constant and on the basis of the hedge designations in place as of December 31, 2022 and 2021. Interest rate risk - Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. As of December 31, 2022 and 2021, all of the Group’s borrowings were at a fixed rate of interest; consequently, the management evaluated that it is not relevant to do an interest rate sensitivity analysis. Foreign currency risk - Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Group’s exposure to the risk of changes in foreign exchange relates primarily to the Group’s operating activities (when revenue or expense is denominated in a different currency from the Group’s functional currency). The Group hedges its exposure to fluctuations on the translation into soles of its Senior Notes which are denominated in US dollars, by using cross currency swap contracts, see note 31(a). Foreign currency sensitivity The following table demonstrates the sensitivity to a reasonably possible change in the US dollar exchange rate, with all other variables held constant. The impact on the Group’s profit before income tax is due to changes in the fair value of monetary assets and liabilities. 2022 Change in US$ rate Effect on consolidated profit before tax U.S. Dollar % S/(000) +5 1,638 +10 3,276 -5 (1,638 ) -10 (3,276 ) 2021 Change in Effect on U.S. Dollar % S/(000) +5 7,695 +10 15,391 -5 (7,695 ) -10 (15,391 ) Equity price risk - The Group’s listed equity securities measured at level three of the fair value hierarchy are susceptible to market price risk arising from uncertainties about future values of the investment securities, see note 31. Credit risk - Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Group is exposed to a credit risk from its operating activities (primarily for trade receivables) and from its financing activities, including deposits with banks and financial institutions, foreign exchange transactions and other financial instruments. Trade receivables Customer credit risk is managed by each business unit subject to the Group’s established policy, procedures and control relating to customer credit risk management. Credit quality of the customer is assessed, and individual credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly monitored and any shipments to major customers are generally covered by letters of credit. As of December 31, 2022 and 2021, the Group had 4 and 7 customers, that owed the Group more than S/3,000,000 each accounting for approximately 23% and 46% of all trade receivables outstanding, respectively. There were 27 and 22 customers with balances greater than S/700,000 and less than S/3,000,000, which accounted for approximately 55% and 34% of the total trade receivables, respectively. The evaluation for allowance for expected credit losses is updated at the date of the consolidated financial statements and individually for the main customers. This calculation is based on actual historical data incurred. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets disclosed in note 7. The Group does not hold collateral as security. Cash deposits and hedging derivative financial instruments or at fair value through profit or loss- Credit risk from balances with banks and financial institutions is managed by the Group’s treasury department in accordance with the Group’s policy. Investments of surplus funds are made only with approved counterparties of first level. The limits are set to minimize the concentration of risks and therefore mitigate financial loss through potential counterparty’s failure to make payments. As of December 31, 2022 and 2021, the Group’s maximum exposure to credit risk for the components of carrying amounts as showed in note 6. The Group’s maximum exposure relating to financial derivative instruments is noted in the liquidity table below. Liquidity risk - The Group monitors its risk of shortage of funds using a recurring liquidity planning tool. The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank loans and long term debentures. Access to sources of funding is sufficiently available and debt maturing within 12 months can be rolled over under the same conditions with existing lenders, if is necessary. As of December 31, 2022 and 2021 no portion of Senior Notes denominated in soles will mature in less than one year. In 2021, to cover the obligations of Senior Notes denominated in US dollars maturing in February 2023, the Company established the obligations of the new “Club Deal” financing to begin disbursements in 2022, see note 16(d). The table below summarizes the maturity profile of the Group’s financial liabilities based on contractual undiscounted payments: Less than 3 months 3 to 12 months 1 to 5 years More than 5 years Total S/(000) S/(000) S/(000) S/(000) S/(000) As of December 31, 2022 Financial obligations 414,290 116,818 326,544 651,638 1,509,290 Interest 36,222 45,282 213,427 119,201 414,132 Derivative financial instruments 7,473 - - - 7,473 Trade and other payables 231,698 41,510 - - 273,208 Lease liabilities 502 1,503 2,350 - 4,355 As of December 31, 2021 Financial obligations 159,000 291,964 414,290 570,000 1,435,254 Interest 31,255 35,147 166,252 154,851 387,505 Derivative financial instruments 7,821 7,821 7,821 - 23,463 Trade and other payables 175,975 42,941 - - 218,916 Lease liabilities 465 1,391 3,973 5,829 The financial derivative instruments disclosed in the table below are the gross undiscounted cash flows. However, those amounts may be settled gross or net. The following table shows the corresponding reconciliation to those amounts to their carrying amounts: Less than 3 months 3 to 12 months 1 to 5 years Total S/(000) S/(000) S/(000) S/(000) As of December 31, 2022 Inflows 88,968 - - 88,968 Outflows (1,627 ) - - (1,627 ) Net 87,341 - - 87,341 Discounted at the applicable interbank rates 86,893 - - 86,893 As of December 31, 2021 Inflows - - 125,537 125,537 Outflows (1,703 ) (7,908 ) (7,992 ) (17,603 ) Net (1,703 ) (7,908 ) 117,545 107,934 Discounted at the applicable interbank rates (1,695 ) (7,716 ) 116,012 106,601 Changes in liabilities arising from financing activities: Balance as of January 1, Distribution of dividends Finance cost on cross currency swaps Cash Cash Movement of foreign currency Amortization of costs of issuance of senior notes Balance as of S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) 2022 Hedge finance cost payable 6,213 - 15,155 - (15,390 ) - - 5,978 Dividends payable 9,550 179,805 - 229 (179,820 ) - - 9,764 Interest-bearing loans 1,545,355 - - 525,000 (448,984 ) (25,407 ) (2,793 ) 1,593,171 2021 Hedge finance cost payable 6,381 - 15,046 - (15,214 ) - - 6,213 Dividends payable 7,686 338,204 - 481 (336,821 ) - - 9,550 Interest-bearing loans 1,268,584 - - 220,000 - 55,955 816 1,545,355 Capital management - For the purpose of the Group’s capital management, capital includes capital stock, investment shares, additional paid-in capital and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Group’s capital management is to maximize the shareholders’ value. In order to achieve this overall objective, the Group’s capital management, among other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the creditors to immediately call the senior notes. There have been no breaches in the financial covenants of Senior Notes in any of the years presented. The Group manages its capital structure and adjusts it in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. No changes were made in the objectives, policies or processes for managing capital during the years ended December 31, 2022 and 2021.

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Fair Value Financial Assets and Liabilities [Abstract]
Fair value of financial assets and liabilities	31. Fair value of financial assets and liabilities Financial assets - Except for derivative financial instruments and financial instruments designated at fair value through OCI, all financial assets which included trade and other receivables are classified in the category of loans and receivables, which are non-derivative financial assets carried at amortized cost, held to maturity, and generate a fixed or variable interest income for the Group. The carrying value may be affected by changes in the credit risk of the counterparties. Financial liabilities - All financial liabilities of the Group including trade and other payables financial obligations are classified as loans and borrowings and are carried at amortized cost. (a) Derivative financial instruments - Hedging derivatives - Foreign currency risk - As of December 31, 2022 and 2021, the Company maintains cross currency swaps agreements for a notional amount of US$132,000,000, with maturity in 2023 and an average rate of 2.97%. Of this total, US$131,612,000 has been designated as hedging instruments for Senior notes that are denominated in U.S. dollars, with the intention of hedging the foreign exchange risk. The cash flow hedge of the expected future payments was assessed to be highly effective and resulted in an unrealized gain of S/3,838,000 for 2022 (unrealized gain of S/20,836,000 during 2021). The amounts retained in OCI of 2022 are expected to be recognized in the consolidated statement of profit or loss in 2023, the year of its maturity. Assets (liabilities) from financial instruments at fair value through profit or loss - As of December 31, 2022 and 2021 the Company held cross currency swaps that do not have an underlying relationship amounts to US$388,000. The effect on profit or loss of the change in their fair value was a loss of S/59,000 and a gain of S/589,000 as of December 31, 2022 and 2021, respectively. In January 2021, derivative financial instruments at fair value through profit or loss were settled in the amount of US$18,000,000, the result was a net loss amounting to S/1,569,000 presented in “Accumulated net loss on settlement of derivative financial instruments at fair value through profit or loss” caption in the consolidated statement of profit or loss. (b) Fair values and fair value accounting hierarchy - Set out below is a comparison of the carrying amounts and fair values of financial instruments as of December 31, 2022 and 2021, as well as the fair value accounting hierarchy. The dates of valuations at fair value were as of December 31, 2022 and 2021, respectively. Carrying amount Fair value Fair value hierarchy 2022 2021 2022 2021 2022/2021 S/(000) S/(000) S/(000) S/(000) Financial assets Cash and cash equivalents 81,773 273,402 81,773 273,402 Level 1 Trade and other receivables 145,034 143,924 145,034 143,924 Level 2 Other financial instruments 86,893 106,601 86,893 106,601 Level 2 Financial investments designated at fair value through other comprehensive income 274 476 274 476 Level 3 Total financial assets 313,974 524,403 313,974 524,403 Financial liabilities Trade and other payables 284,554 227,554 284,554 227,554 Level 2 Senior notes 1,071,781 1,094,391 996,156 1,119,035 Level 1 Promissory notes 521,390 450,964 459,117 447,558 Level 2 Total financial liabilities 1,877,725 1,772,909 1,739,827 1,794,147 All financial instruments for which fair value is recognized or disclosed are categorized within the fair value hierarchy, based on the lowest level input that is significant to the fair value measurement as a whole. The fair value hierarchies are those described in note 2.3.2 (vi). For assets and liabilities that are recognized at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy. As of December 31, 2022 and 2021, there were no transfers between the fair value hierarchies. Management assessed that cash and cash equivalents; trade and other receivables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments. The following methods and assumptions were used to estimate the fair values: - The fair value of cross currency swaps is measured by using valuation techniques where inputs are based on market data and present value calculations. The models incorporate various inputs, including the credit quality of counterparties, foreign exchange, forward rates and interest rate curves. A credit valuation adjustment (CVA) is applied to the “Over-The-Counter” derivative exposures to consider the counterparty’s risk of default when measuring the fair value of the derivative. CVA is the mark-to market cost of protection required to hedge credit risk from counterparties in this type of derivatives portfolio. CVA is calculated by multiplying the probability of default (PD), the loss given default (LGD) and the expected exposure (EE) at the time of default. A debit valuation adjustment (DVA) is applied to incorporate the Group’s own credit risk in the fair value of derivatives (that is the risk that the Group might default on its contractual obligations), using the same methodology as for CVA. - The fair value of the quoted senior notes is based on the current quotations value at the reporting date as they trade on the exchange. - The fair value of the fixed rate promissory note it is calculated using the results of cash flow discounted at the average indebtedness rates effective as of the reporting date. - The fair value of financial instruments at fair value with changes in OCI has been determined through the percentage of the Company’s shareholding in the equity of Fossal S.A.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Information Text Block [Abstract]
Segment information	32. Segment information For management purposes, the Group is organized into business units based on their products and activities and have three reportable segments as follows: - Production and marketing of cement, concrete, mortar and precast in the northern region of Peru. - Sale of construction supplies (steel rebar and building materials) in the northern region of Peru. - Production and marketing of quicklime in the northern region of Peru. No operating segments have been aggregated to form the above reportable operating segments. Management monitors the profit before income tax of each business unit separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit before income tax and is measured consistently with profit before income tax in the consolidated statement of profit and loss. Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with third parties. 2022 2021 2020 Cement, concrete, mortar and precast Construction supplies Quicklime Other (*) Total consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other (*) Total consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other (*) Total consolidated S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Revenues from external customers 1,963,826 114,024 37,858 38 2,115,746 1,784,487 113,905 39,141 234 1,937,767 1,185,186 78,192 32,473 483 1,296,334 Gross profit 647,285 3,670 1,954 (878 ) 652,031 550,816 3,501 5,651 (537 ) 559,431 367,456 3,014 5,012 (196 ) 375,286 Administrative expenses (223,162 ) (2,741 ) (1,238 ) (436 ) (227,577 ) (191,132 ) (2,675 ) (1,099 ) (1,163 ) (196,069 ) (157,491 ) (2,862 ) (1,493 ) (1,523 ) (163,369 ) Selling and distribution expenses (63,971 ) (786 ) (355 ) (125 ) (65,237 ) (50,223 ) (703 ) (289 ) (305 ) (51,520 ) (38,708 ) (703 ) (367 ) (375 ) (40,153 ) Other operating (expense) income, net (2,964 ) 8 - (943 ) (3,899 ) 6,358 47 - 3 6,408 4,204 154 - (12 ) 4,346 Finance income 3,252 20 - 34 3,306 2,874 17 - - 2,891 2,951 26 - (1 ) 2,976 Finance cost (95,102 ) (3 ) - - (95,105 ) (88,961 ) (3 ) - (1 ) (88,965 ) (88,569 ) (130 ) - 5 (88,694 ) Net (loss) gain on (settlement of) derivative financial instruments recognized at fair value through profit or loss (59 ) - - - (59 ) (980 ) - - - (980 ) 5,337 - - - 5,337 Loss from exchange difference, net (1,030 ) 5 (6 ) (9 ) (1,040 ) (6,987 ) (30 ) (85 ) 16 (7,086 ) (9,352 ) (404 ) (88 ) 13 (9,831 ) Profit before income tax 264,249 173 355 (2,357 ) 262,420 221,765 154 4,178 (1,987 ) 224,110 85,828 (905 ) 3,064 (2,089 ) 85,898 Income tax expense (86,189 ) (56 ) (116 ) 769 (85,592 ) (70,198 ) (49 ) (1,322 ) 629 (70,940 ) (27,981 ) 295 (999 ) 681 (28,004 ) Profit for the year 178,060 117 239 (1,588 ) 176,828 151,567 105 2,856 (1,358 ) 153,170 57,847 (610 ) 2,065 (1,408 ) 57,894 (*) The “other” segment includes activities that do not meet the threshold for disclosure under IFRS 8.13 and represent non-material operations of the Group (including brine projects). 2022 2021 2020 Cement, concrete, mortar and precast Construction supplies Quicklime Other Consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other Consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other Consolidated S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segment assets 3,086,104 38,353 70,327 32,210 3,226,994 2,940,888 42,578 79,383 31,846 3,094,695 2,806,803 51,225 83,621 31,696 2,973,345 Other assets (*) 86,630 - - 537 87,167 106,280 - - 797 107,077 37,068 - - 5,871 42,939 Total assets 3,172,734 38,353 70,327 32,747 3,314,161 3,047,168 42,578 79,383 32,643 3,201,772 2,843,871 51,225 83,621 37,567 3,016,284 Operating liabilities 2,041,923 76,780 - 323 2,119,026 1,930,140 75,633 - 194 2,005,967 1,590,105 58,517 - 107 1,648,729 Capital expenditure (**) 190,126 - - - 190,126 97,288 - - - 97,288 63,960 - - - 63,960 Depreciation and amortization (133,276 ) (1,545 ) (3,519 ) (199 ) (138,539 ) (128,522 ) (1,102 ) (5,199 ) (744 ) (135,567 ) (131,877 ) (767 ) (5,741 ) (782 ) (139,167 ) Provision of inventory net realizable value and obsolescence (2,027 ) - - - (2,027 ) (3,374 ) - - - (3,374 ) (3,635 ) - - - (3,635 ) (*) As of December 31, 2022, corresponds to the financial investment designated at fair value through OCI for S/274,000 and fair value of derivative financial instruments (“cross currency swap”) for S/86,893,000. As of December 31, 2021, corresponds to the financial investment designated at fair value through OCI for approximately S/476,000 and the fair value of derivative financial instruments (“cross currency swap”) for S/106,601,000. The fair value of derivative financial instruments of hedging is allocated to the segment of cement, and the financial investment designated at fair value through OCI and fair value of derivative financial instrument at fair value through profit or loss are not assigned to any segment. (**) Capital expenditure consists of S/190,126,000 and S/97,288,000 during the years ended as of December 31, 2022 and 2021, respectively, and are related to additions of property, plant and equipment, intangible and other minor non-current assets. Geographic information As of December 31, 2022 and 2021, all non-current assets are located in Peru and all revenues are from clients located in the north region of the country.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Disclosure of events after reporting period [Abstract]
Subsequent events	33. Subsequent events On January 4, 2023, Cementos Pacasmayo S.A.A. acquired all the shares of the company Corporación Materiales Piura S.A.C. for which paid an approximate value of US$9,000,000. On February 8, 2023, Cementos Pacasmayo S.A.A. made the payment of the Senior Notes in dollars for US$131,612,000 using the Club Deal credit line and consequently the derivative financial instruments for US$132,000,000 were settled.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of preparation	Basis of preparation – The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). The consolidated financial statements have been prepared on a historical cost basis, except for financial instruments designated at fair value through other comprehensive income (OCI) and derivative financial instruments that have been measured at fair value. The carrying values of recognized assets and liabilities that are designated as hedged items in fair value hedges that would otherwise be carried at amortized cost are adjusted to record changes in fair value attributable to the risks that are being hedged in effective hedge relationships. The consolidated financial statements are presented in Soles and all values are rounded to the nearest thousand (S/000), except when otherwise indicated. The consolidated financial statements provide comparative information in respect of the previous period or periods. There are certain standards and amendments applied for the first time by the Group during 2022 that did not require the restatement of previous financial statements, as explained in note 2.3.19.
Basis of consolidation	Basis of consolidation - The consolidated financial statements comprise the financial statements of the Company and its subsidiaries as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if it has: (i) power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee), (ii) exposure, or rights, to variable returns from its involvement with the investee, and (iii) the ability to use its power over the investee to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. Profit or loss and each component of OCI are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group´s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.
Cash and cash equivalents	2.3.1 Cash and cash equivalents - Cash and cash equivalents presented in the statement of financial position and statement of cash flows comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less.
Financial instruments-initial recognition and subsequent measurement	Financial instruments-initial recognition and subsequent measurement – A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. (i) Financial assets - Initial recognition and measurement - Financial assets are classified at initial recognition as measured at amortized cost, fair value through OCI or fair value through profit or loss. The Group’s financial assets include cash and cash equivalents, commercial and other receivables, available-for-sale financial investments and derivative financial instruments. Subsequent measurement - For purposes of subsequent measurement, financial assets are classified into the following categories: - Financial assets at amortized cost (debt instruments). - Financial assets at fair value through OCI with recycling of cumulative gains and losses (debt instruments). - Financial assets designated at fair value through OCI without recycling of cumulative gains and losses upon derecognition (equity instruments). - Financial assets at fair value through profit or loss. The classification depends on the business model of the Company and the contractual terms of the cash flows. Financial assets at amortized cost (debt instruments) - The Group measures financial assets at amortized cost if both of the following conditions are met: - The financial asset is held within a business model with the objective to collect contractual cash flows and not sale or trade it, and, - The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. Financial assets are not reclassified after their initial recognition, except if the Group changes its business model for its management. As of December 31, 2022 and 2021 the Group held trade and other receivables in this category. Financial assets at fair value through OCI (debt instruments) – The Group measures debt instruments at fair value through OCI if both of the following conditions are met: - The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling, and - The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding The Group does not have debt instruments classified in this category. Financial assets at fair value through OCI (equity instruments) - Upon initial recognition, the Group can elect to irrevocably classify its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity and are not held for trading. The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized as other income in the statement of profit or loss when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment. As of December 31, 2022 and 2021 the Group elected to classify irrevocably its non-listed equity investments under this category, see note 9. Financial assets at fair value through profit or loss - Financial assets at fair value through profit or loss include financial assets held for trading assets, assets from derivative financial instruments at fair value through profit or loss, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value and net changes in such fair value are presented as Financial Costs (net negative changes in fair value) or Financial Income (net positive changes in fair value) in the consolidated statement of profit or loss. As of December 31,2022 and 2021, the Group held derivative financial instruments classified at fair value through profit or loss classified in this category. Derecognition - A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: (i) The rights to receive cash flows from the asset have expired, or (ii) The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement ; When the Group has transferred its rights to receive cash flows from an asset or has entered a pass-through arrangement, it evaluates if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all the risks and rewards of the asset, nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of its continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay. (ii) Impairment of financial assets - The Group recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). For trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. The Group considers a financial asset in default when contractual payments are 360 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. (iii) Financial liabilities - Initial recognition and measurement - Financial liabilities are classified at initial recognition as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group’s financial liabilities include trade and other payables, interest-bearing loans and borrowings. Subsequent measurement - The subsequent measurement of financial liabilities depends on their classification, as described below: Financial liabilities at fair value through profit or loss - Financial liabilities at fair value through profit or loss include financial liabilities held for trading, derivative financial instruments at fair value through profit or loss and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term; gains or losses on liabilities held for trading are recognized in the statement of profit or loss. This category also includes derivative financial instruments entered by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9 – Financial Instruments. Financial liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. For the years ended December 31, 2022 and 2021, the Group does not have instruments classified in this category. Loans and borrowings - After their initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in the consolidated statement of profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by considering any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the consolidated statement of profit or loss. As of December 31, 2022 and 2021, the Group includes trade and other payables and financial liabilities in this category, for more information refer to notes 14 and 16. Derecognition - A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amount is recognized in the consolidated statement of profit or loss. (iv) Offsetting of financial instruments - Financial assets and liabilities are offset and the net amount is reported in the consolidated statement of financial position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously. (v) Derivative financial instruments and hedge accounting – Initial recognition and subsequent measurement: The Group uses derivative financial instruments, cross currency swaps, to hedge its foreign currency exchange rate risk. These derivative financial instruments are initially recognized at their fair values on the date on which the derivative contract is entered into and subsequently are remeasured at their fair value. Derivatives are accounted for as financial assets when their fair value is positive and as financial liabilities when their fair value is negative. For the purpose of hedge accounting, hedges are classified as: - Fair value hedges when hedging the exposure to changes in the fair value of a recognized asset or liability or an unrecognized firm commitment. - Cash flow hedges when hedging the exposure to variability in cash flows that is either attributable to a particular risk associated with a recognized asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognized firm commitment. - Hedges of a net investment in a foreign operation. At the inception of a hedge relationship, the Group formally designates and documents the hedge relationship to which the Group wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged and how the Group will assess the effectiveness of changes in the hedging instrument’s fair value in offsetting the exposure to changes in the hedged item’s fair value or cash flows attributable to the hedged risk. Such hedges expect to be highly effective in achieving offsetting changes in fair value or cash flows and are assessed on an ongoing basis to determine that they have been highly effective throughout the financial reporting periods for which they were designated. A hedging relationship qualifies for hedge accounting if it meets all the following effectiveness requirements: - There is ‘an economic relationship between the hedged item and the hedging instrument. - The effect of credit risk does not dominate the value changes that result from that economic relationship. - The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group hedges and the quantity of the hedging instrument that the Group uses to hedge that quantity of hedged item. Hedges that meet all the qualifying criteria for hedge accounting are recorded as cash flow hedges, see note 31(a). Cash flow hedges Any gains or losses arising from changes in the fair value of derivatives is taken directly to profit or loss, except for the effective portion of cash flow hedges, which is recognized in OCI and later reclassified to profit or loss when the hedged item affects profit or loss. For any other cash flow hedges, the amount accumulated in OCI is reclassified to profit or loss as a reclassification adjustment in the same period or periods during which the hedged cash flows affect profit or loss. In the case that the cash flow hedge is discontinued, the amount accumulated in OCI must remain in OCI if the hedged cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. After discontinuation, once the hedged cash flows are recognized, any amount that remains in OCI must be recorded considering the nature of the underlying transaction. (vi) Fair value measurement - The Group measures financial instruments such as derivatives, and equity investments, at fair value at each period end. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: - In the principal market for the asset or liability, or - In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value accounting hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: - Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities - Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable - Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. The Group’s management determines the policies and procedures for recurring and non-recurring fair value measurements. At each reporting date, the Financial Management analyzes the changes in the values of the assets and liabilities that must be measured or determined on a recurring and non-recurring basis according to the Group’s accounting policies. For this analysis, Management contrasts the main variables used in the latest assessments made with updated information available from valuations included in contracts and other relevant documents. Management also compares the changes in the fair value of each asset and liability with the relevant external sources to determine whether the change is reasonable. For purposes of disclosure of fair value, the Group has determined classes of assets and liabilities based on the inherent nature, characteristics and risks of each asset and liability, and the level of the fair value accounting hierarchy as explained above, see note 31(b).
Foreign currencies	2.3.3 Foreign currencies - The functional and presentation currency for the consolidated financial statements of the Group is soles, which is also the functional currency for its subsidiaries. Transactions and balances Transactions in foreign currencies are initially recorded at their respective functional currency spot rates at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rates of exchange at the reporting date. Differences arising on settlement or translation of monetary items are recognized in profit or loss. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions.
Inventories	2.3.4 Inventories - Inventories are valued at the lower of cost or net realizable value. Costs incurred in bringing each product to its present location and conditions are accounted for as follows: Raw materials and supplies - Cost is determined using the weighted average method. Finished goods and work in progress - Cost of direct materials and supplies, services provided by third parties, direct labor and a proportion of manufacturing overheads is based on normal operating capacity, excluding borrowing costs and exchange currency differences. Inventory in transit - Cost. Net realizable value is the estimated selling price in the ordinary course of business, less estimated cost of completion and the estimated costs of inventory necessary to make the sale.
Borrowing costs	2.3.5 Borrowing costs - Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Where the funds used to finance a project form part of general borrowings, the amount capitalized is calculated using a weighted average of interest rates applicable to relevant general borrowings of the Group during the period. All other borrowing costs are recognized in the consolidated statement of profit or loss in the period in which they are incurred.
Leases	2.3.6 Leases - The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Group as a lessee: The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. i) Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term or the estimated useful lives of the assets, unless the ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The leased assets correspond to motorized vehicles whose useful life is 5 years. The right-of-use assets are subject to impairment assessment. Refer to accounting policies in note 2.3.12. ii) Lease liabilities At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. Variable lease payments that do not depend on an index or a rate are recognized as expenses in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the assessment of an option to purchase the underlying asset, a change in the amounts expected to be paid under residual value guarantee or changes to future payments resulting from a change in an index or rate used to determine such lease payments The Group’s lease liabilities are included in “lease liabilities” in the consolidated statement of financial position. iii) Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Group as a lessor: Leases in which the Group does not transfer substantially all the risks and rewards of ownership of an asset are classified as operating leases. Rental income is accounted for on a straight-line basis over the lease terms and is included in other income in the statement of profit or loss due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned.
Property, plant and equipment	Property, plant and equipment - Property, plant and equipment is stated at cost, net of accumulated depreciation and/or accumulated impairment losses, if any. Such cost includes the cost of replacing component parts of the property, plant and equipment and borrowing costs for long-term construction projects if the recognition criteria are met (see note 2.3.5). The capitalized value of a finance lease is also included within property, plant and equipment. When significant parts of plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them separately based on their specific useful lives. Likewise, when a major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognized in profit or loss as incurred. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. Refer to significant accounting judgments, estimates and assumptions (note 3) and quarry rehabilitation cost provisions (note 15). Depreciation of assets is determined using the straight-line method over the estimated useful lives of such assets as follows: Years Buildings and other construction: Administrative facilities Between 20 and 51 Main production structures Between 20 and 56 Minor production structures Between 20 and 35 Machinery and equipment: Mills and horizontal furnaces Between 24 and 45 Vertical furnaces, crushers and grinders Between 23 and 36 Electricity facilities and other minors Between 10 and 35 Furniture and fixtures 10 Transportation units: Heavy units Between 5 and 15 Light units Between 5 and 10 Computer equipment Between 3 and 10 Tools Between 5 and 10 The asset’s residual value, useful lives and methods of depreciation are reviewed at each reporting period and adjusted prospectively if appropriate. An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of profit or loss when the asset is derecognized.
Mining concessions	Mining concessions - Mining concessions correspond to the exploration rights in areas of interest acquired. Mining concessions are stated at cost, net of accumulated amortization and/or accumulated impairment losses, if any, and are presented within the “Property, plant and equipment” caption of consolidated statement of financial position. Those mining concessions are amortized following the straight-line method. In the event the Group abandons the concession, the costs associated (see note 10(b)) are written-off in the consolidated statement of profit or loss. For the years ended December 31, 2022, 2021 and 2020, mining concessions of the Group correspond to areas that contain raw material necessary for cement production.
Quarry development costs and stripping costs	2.3.9 Quarry development costs and stripping costs - Quarry development costs - Quarry development costs incurred are stated at cost and are the next step in development of quarries after the exploration and evaluation stage. Quarry development costs are, upon commencement of the production phase, presented net of accumulated amortization and/or accumulated impairment losses, if any, and are presented within the property, plant and equipment caption. The amortization is calculated using the straight-line method based on the useful life of the quarry to which it relates. Expenditures that significantly increase the economic life of the quarry under exploitation are capitalized. Stripping costs - Stripping costs incurred in the development of a mine before production commences are capitalized as part of mine development costs and subsequently amortized over the life of the mine on a units-of-production basis, using the proved reserves. Stripping costs incurred subsequently during the production phase of its operation are recorded as part of cost of production.
Intangible assets	Intangible assets Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. Internally generated intangibles, excluding capitalized development costs, are not capitalized and the related expenditure is reflected in profit or loss in the period in which the expenditure is incurred. The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets with finite lives are amortized over the economic useful life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the statement of profit or loss in the expense category that is consistent with the function of the intangible assets. The Group’s intangible assets with finite useful lives are amortized over an average term of ten years. Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the cash-generating unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. As of December 31, 2022 and 2021, the Company maintains as intangible assets with an indefinite useful life of a brand it acquired in 2018. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. Exploration and evaluation assets - Exploration and evaluation activity involve the search for mineral resources, the determination of technical feasibility and the assessment of commercial viability of an identified resource. Exploration and evaluation activity include: - Researching and analyzing historical exploration data. - Gathering exploration data through geophysical studies. - Exploratory drilling and sampling. - Determining and examining the volume and grade of the resource. - Surveying transportation and infrastructure requirements. - Conducting market and finance studies. License costs paid in connection with a right to explore in an existing exploration area, are capitalized and amortized over the term of the license. Once the legal right to explore has been acquired, exploration and evaluation costs are charged to the consolidated statement of profit or loss, unless management concludes that a future economic benefit is more likely than not to be realized, in which case such costs are capitalized, see note 11(b). These costs include directly attributable employee remuneration, materials and fuel used, surveying costs, drilling costs and payments made to contractors. In evaluating if costs meet the criteria to be capitalized, several different sources of information are used, including the nature of the assets, extension of the explored area and results of sampling, among others. The information that is used to determine the probability of future benefits depends on the extent of exploration and evaluation that has been performed. Exploration and evaluation costs are capitalized when the exploration and evaluation activity is within an area of interest for which it is expected that the costs will be recouped by future exploitation and active and significant operations in relation to the area are continuing or planned for the future. The main estimates and assumptions the Group uses to determine whether it is likely that future exploitation will result in future economic benefits include: expected operational costs, committed capital expenditures, expected mineral prices and mineral resources found. For this purpose, the future economic benefit of the project can reasonably be regarded as assured when mine-site exploration is being conducted to confirm resources, mine-site exploration is being conducted to convert resources to reserves or when the Group is conducting a feasibility study, based on supporting geological information. As the capitalized exploration and evaluation costs asset is not available for use, it is not amortized. These exploration costs are transferred to mine development assets once the work completed to date supports the future development of the property and such development receives appropriate approvals. In this phase, the exploration costs are amortized in accordance with the estimated useful life of the mining property from the time the commercial exploitation of the reserves begins. All capitalized exploration and evaluation costs are monitored for indications of impairment. Where a potential impairment indicator is identified, an assessment is performed for each area of interest in conjunction with the group of operating assets (representing a cash generating unit) to which the exploration is attributed. Exploration areas in which resources have been discovered but require major capital expenditure before production can begin, are continually evaluated to ensure that commercial quantities of resources exist or to ensure that additional exploration work is under way or planned. To the extent that a capitalized expenditure is no longer expected to be recovered it is charged to the consolidated statement of profit or loss. The Group assesses at each reporting date whether there is an indication that exploration and evaluation assets may be impaired, see note 11(c). The following facts and circumstances are considered in this assessment: (i) the period for which the entity has the right to explore in the specific area has expired during the period or will expire in the near future, and is not expected to be renewed. (ii) substantive expenditure on further exploration for and evaluation of mineral resources in the specific area is neither budgeted nor planned. (iii) exploration for and evaluation of mineral resources in the specific area have not led to the discovery of commercially viable quantities of mineral resources and the entity has decided to discontinue such activities in the specific area. (iv) sufficient data exists to indicate that, although development in the specific area is likely to proceed, the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full through successful development or by sale.
Ore reserve and resource estimates	Ore reserve and resource estimates - Ore reserves are estimates of the amount of ore that can be economically and legally extracted from the Group’s mining properties and concessions. The Group estimates its ore reserves and mineral resources, based on information compiled by appropriately qualified persons relating to the geological data on the size, depth and shape of the ore body, and requires complex geological judgments to interpret the data. The estimation of recoverable reserves is based upon factors such as estimates of foreign exchange rates, commodity prices, future capital requirements, and production costs along with geological assumptions and judgments made in estimating the size and grade of the ore body. Changes in the reserve or resource estimates may impact upon the carrying value of exploration and evaluation assets, provision for quarry rehabilitation and depreciation and amortization charges.
Impairment of non-financial assets	Impairment of non-financial assets – The Group assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required (goodwill and Intangible assets with indefinite useful lives), the Group estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s (CGU) fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. The Group supports its impairment calculation by using detailed budgets and forecast calculations, which are prepared separately for each of the Group´s CGUs to which the individual assets are allocated. Impairment losses related to continuing operations, including impairment on inventories, are recognized in the consolidated statement of profit or loss in expense categories consistent with the function of the impaired asset. In addition, an assessment is made at each reporting date to determine whether there is any indication that previously recognized impairment losses may no longer exist or have decreased. If such an indication exists, the Group estimates the asset’s or CGU’s recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated statement of profit or loss. Exploration and evaluation assets are tested for impairment annually as of December 31, either individually or at the cash-generating unit level, as appropriate, and when circumstances indicate that the carrying value may be impaired.
Provisions	2.3.13 Provisions - General - Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. When the Group expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in profit or loss net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as finance cost in the consolidated statement of profit or loss. Quarry rehabilitation provision - The Group records the present value of estimated costs of legal and constructive obligations required to restore operating locations in the period in which the obligation is incurred. Quarry rehabilitation costs are provided at the present value of expected costs to settle the obligation using estimated cash flows and are recognized as part of the cost of that particular asset. The cash flows are discounted at a current risk-free rate. The unwinding of the discount is expensed as incurred and recognized in the consolidated statement of profit or loss as a finance cost. The estimated future costs of quarry rehabilitation are reviewed annually and adjusted as appropriate. Changes in the estimated future costs or in the discount rate applied are added to or deducted from the cost of the asset. Environmental expenditures and liabilities - Environmental expenditures that relate to current or future revenues are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations and do not contribute to current or future earnings are expensed. Liabilities for environmental costs are recognized when a clean-up is probable, and the associated costs can be reliably estimated. Generally, the timing of recognition of these provisions coincides with the commitment to a formal plan of action or, if earlier, on divestment or on closure of inactive sites. The amount recognized is the best estimate of the expenditure required. Where the liability will not be settled for a number of years, the amount recognized is the present value of the estimated future expenditure.
Employees benefits	2.3.14 Employees benefits - The Group has short-term obligations for employee benefits including salaries, severance contributions, legal bonuses, performance bonuses and profit sharing. These obligations are recorded monthly on an accrual basis. Additionally, the Group has a long-term incentive plan for key management. This benefit is settled in cash, measured on the salary of each officer and upon fulfilling certain conditions such as years of experience within the Group and permanency. The Group recognizes the long-term obligation at its present value at the end of the reporting period using the projected credit unit method. To calculate the present value of these long-term obligations the Group uses a government bond discount rate at the date of the consolidated financial statements. This liability is annually reviewed on the date of the consolidated financial statements, and the accrual updates and the effect of changes in discount rates are recognized in the consolidated statement of profit or loss, until the liability is extinguished.
Revenue recognition	Revenue recognition - The group is dedicated to the production and trading of cement, precast, concrete and quicklime, as well as trade of construction supplies. These goods are sold in contracts with customers. The Group has concluded that it is principal in its sales agreements because it controls the goods or services before transferring to the customer. Revenue is measured at the fair value of the consideration received or receivable, considering contractually defined terms of payment and excluding taxes or duties. The following specific recognition criteria must also be met before revenue is recognized: Sales of goods - Revenue from sale of goods is recognized at the point in time when control of the asset is transferred to the customer, generally on delivery of the goods. The Group considers whether there are other terms in the contract that are separate performance obligations to which a portion of the transaction price needs to be allocated. In determining the transaction price for the sale of goods, the Group considers the effects of variable consideration, the existence of significant financing components, noncash consideration, and consideration payable to the customer (if any). Rendering of services - In the business segments cement, concrete, mortar, precast and construction supplies, the Group provides transportation services. These services are sold together with the sale of the goods to the customer. Transportation services are satisfied when the transport service is concluded, which coincides with the moment of delivery of the goods to the customers. Operating lease income - Income from operating lease of land and office is recognized on a monthly accrual basis during the term of the lease. Interest income - For all financial instruments measured at amortized cost and interest-bearing financial assets, interest income is recorded using the effective interest rate (EIR). EIR is the rate that exactly discounts the estimated future cash payments or receipts over the expected life of the financial instrument or a shorter period, where appropriate, to the net carrying amount of the financial asset or liability. Interest income is included in finance income in the consolidated statement of profit or loss.
Taxes	Taxes - Current income tax - Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the tax authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in Peru, where the Group operates and generates taxable income. Deferred tax - Deferred tax is determined based on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date. Deferred tax liabilities are recognized for all taxable temporary differences, except in respect of taxable temporary differences associated with investments in subsidiaries, associates and interests in joint arrangements, when the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits and unused tax losses. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized, except in respect of deductible temporary differences associated with investments in subsidiaries, where deferred assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are re-assessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. Deferred tax related to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items are recognized in correlation to the underlying transaction either in OCI or directly in equity. Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority. Mining royalties - Mining royalties are accounted when they have the characteristics of an income tax. This is considered to be the case when they are imposed under government authority and the amount payable is based on taxable net income, rather than based on quantity produced or as a percentage of revenue, after adjustment for temporary differences. For such arrangements, current and deferred tax is provided on the same basis as described above for income tax. Obligations arising from royalty arrangements that do not satisfy these criteria are recognized as current provisions and included in results of the year.
Treasury shares	Treasury shares- Own equity instruments which are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in the consolidated statement of profit or loss on the purchase, sale, issue or cancellation of the Group’s own equity instruments.
Business combinations and goodwill	Business combinations and goodwill - A business consists of inputs and processes applied to those inputs that have the ability to contribute to the creation of outputs. Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in administrative expenses of the consolidated statement of profit or loss. When the Group acquires a business, it assesses the financial assets acquired and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments, is measured at fair value with the changes in fair value recognized in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss. Goodwill Goodwill is the excess of the aggregate of the consideration transferred on the business acquired over the fair value of the assets acquired. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. The Group performs impairment tests of goodwill annually. The impairment of goodwill is determined estimating the recoverable amount of the cash generating units related to it. When the recoverable amount of the cash generating units is lower than the carrying value, an impairment is recognized. Impairment related to goodwill cannot be reversed in future periods.
New amended standards and interpretations	New amended standards and interpretations – The Group applied for the first-time certain standards and amendments, which are effective for annual periods beginning on or after January 1, 2022. The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. Onerous Contracts – Costs of Fulfilling a Contract - Amendments to IAS 37 An onerous contract is a contract under which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it. The amendments specify that when assessing whether a contract is onerous or loss-making, an entity needs to include costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. General and administrative costs do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract. These amendments had no impact on the consolidated financial statements of the Group as there were no onerous contracts during the period. Reference to the Conceptual Framework – Amendments to IFRS 3 – The amendments replace a reference to a previous version of the IASB’s Conceptual Framework with a reference to the current version issued in March 2018 without significantly changing its requirements. The amendments add an exception to the recognition principle of IFRS 3 Business Combinations to avoid the issue of potential ‘day 2’ gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 or IFRIC 21, if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date. The amendments also add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. These amendments had no impact on the consolidated financial statements of the Group as there were no contingent assets or liabilities within the scope of these amendments that arose during the period. Property, Plant and Equipment: Proceeds before Intended Use – Amendments to IAS 16 – The amendment prohibits entities from deducting from the cost of an item of property, plant and equipment, any proceeds of the sale of items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss. These amendments had no impact on the consolidated financial statements of the Group as there were no sales of such items produced by property, plant and equipment made available for use on or after the beginning of the earliest period presented.   IFRS 9 Financial Instruments – Fees in the ‘10 per cent’ test for derecognition of financial liabilities – The amendment clarifies the fees that an entity includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. These fees include only those paid or received between the borrower and the lender, including fees paid or received by either the borrower or lender on the other’s behalf. These amendments had no impact on the consolidated financial statements of the Group as there were no modifications of the Group’s financial instruments during the period.

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of significant accounting policies [Abstract]
Schedule of estimated useful lives	Years Buildings and other construction: Administrative facilities Between 20 and 51 Main production structures Between 20 and 56 Minor production structures Between 20 and 35 Machinery and equipment: Mills and horizontal furnaces Between 24 and 45 Vertical furnaces, crushers and grinders Between 23 and 36 Electricity facilities and other minors Between 10 and 35 Furniture and fixtures 10 Transportation units: Heavy units Between 5 and 15 Light units Between 5 and 10 Computer equipment Between 3 and 10 Tools Between 5 and 10

Transactions in Foreign Curre_2

Transactions in Foreign Currency (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure About The Transactions In Foreign Currency Abstract
Schedule of assets and liabilities	2022 2021 US$(000) US$(000) Assets Cash and cash equivalents 4,426 51,343 Trade and other receivables 3,262 4,946 Advances to suppliers for work in progress 18,899 10,175 26,587 66,464 Liabilities Trade and other payables (18,399 ) (10,356 ) Interest-bearing loans and borrowings (131,612 ) (149,612 ) (150,011 ) (159,968 ) Cross currency swap position 132,000 132,000 Net monetary position 8,576 38,496

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of cash and cash equivalents	2022 2021 S/(000) S/(000) Cash on hand 161 273 Cash at banks (b) 39,112 225,629 Short-term deposits (c) 42,500 47,500 81,773 273,402 (b) Cash at banks is denominated in local and foreign currency and U.S. dollars, is deposited in local and foreign bank are freely available. The demand deposits interest yield is based on daily bank deposit rates. (c) The short-term deposits held in domestic banks were freely available and earned interest at the respective short-term market rates and original maturity less than three months.

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of trade and other receivables	Current Non-current 2022 2021 2022 2021 S/(000) S/(000) S/(000) S/(000) Trade receivables (b) 78,519 91,072 - - Other accounts receivable 7,790 5,940 - - Accounts receivable from Parent company and affiliates, note 27 1,858 1,314 - - Interest receivable 1,163 636 - Loans to employees 676 610 - - Funds restricted to tax payments 244 1,314 - - Other receivables from sale of fixed assets 215 937 - Loans granted - 1,066 - 83 Allowance for expected credit losses (d) and (e) (7,433 ) (5,539 ) - - Financial assets classified as receivables (e) 83,032 97,350 - 83 Value-added tax credit 18,459 5,368 1,874 2,673 Payment under protest for mining royalties 2008 – 2009 (c) - - 28,922 28,922 Other accounts receivable - - 12,747 9,320 Tax refund receivable - - 9,034 9,242 Allowance for expected credit losses (d) - - (9,034 ) (9,034 ) Non-financial assets classified as receivables 18,459 5,368 43,543 41,123 101,491 102,718 43,543 41,206
Schedule of movement of the allowance for expected credit losses	2022 2021 2020 S/(000) S/(000) S/(000) Opening balance 14,573 14,358 12,781 Additions, note 22 1,972 563 1,582 Recoveries (78 ) (348 ) (5 ) Ending balance 16,467 14,573 14,358
Schedule of analysis of trade and other accounts receivable	Past due but not impaired Total Neither past < 30 30-60 61-90 91-120 > 120 S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Expected credit loss rate 8.2 % 0.1 % 1.5 % 3.5 % 2.1 % - 59.4 % Carrying amount 2022 90,465 63,676 8,538 3,807 2,573 - 11,871 Expected credit loss 7,433 64 124 135 55 - 7,055 Past due but not impaired Total Neither past < 30 30-60 61-90 91-120 > 120 S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Expected credit loss rate 5.4 % 0.0 % 0.9 % 1.7 % 3.7 % - 76.5 % Carrying amount 2021 102,972 65,314 21,233 6,112 3,672 - 6,641 Expected credit loss 5,539 28 190 105 136 - 5,080

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventories [Abstract]
Schedule of inventories	2022 2021 S/(000) S/(000) Goods and finished products 18,903 24,720 Work in progress 186,281 134,358 Raw materials 397,096 243,139 Packages and packing 5,245 7,262 Fuel 3,642 3,498 Spare parts and supplies 260,742 183,056 Inventory in transit 13,060 9,149 884,969 605,182

Financial Investment Designat_2

Financial Investment Designated at Fair Value Through OCI (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of available-for-sale financial assets [Abstract]
Schedule of movement in financial instruments designated at fair value through OCI	2022 2021 2020 S/(000) S/(000) S/(000) Beginning balance 476 692 18,224 Contribution of investment shares 363 1,779 - Fair value change recorded in OCI (565 ) (1,995 ) (17,532 ) Ending balance 274 476 692

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of property, plant and equipment [Abstract]
Schedule of property, plant and equipment	Mining concessions (b) Mine development costs (b) Land Buildings and other construction Machinery, equipment and related spare parts Furniture and accessories Transportation units Computer equipment and tools Quarry rehabilitation costs Capitalized interest (f) Work in progress (d) and units Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Cost As of January 1, 2021 75,893 53,975 252,190 690,542 1,694,145 33,123 113,109 52,645 9,290 64,904 37,731 3,077,547 Additions 21 3,435 4,254 (98 ) 16,160 191 7,523 3,731 (260 ) 103 53,120 88,180 Disposals - - - (7 ) (33,176 ) (22,786 ) (10,583 ) (23,105 ) - - (136 ) (89,793 ) Transfers, note 11 - 592 108 2,648 20,526 178 3,302 1,157 - - (28,575 ) (64 ) As of December 31, 2021 75,914 58,002 256,552 693,085 1,697,655 10,706 113,351 34,428 9,030 65,007 62,140 3,075,870 Additions - 7,311 868 - 13,085 318 658 2,849 2,745 3,158 143,540 174,532 Sales and/or retirement - - (2,285 ) - (4,978 ) (14 ) (2,654 ) (228 ) - - (398 ) (10,557 ) Disposals - - - (1,600 ) (17,075 ) (28 ) (4,460 ) (481 ) - - - (23,644 ) Transfers, note 11 - 529 - 3,069 22,853 98 442 4,736 - - (32,461 ) (734 ) As of December 31, 2022 75,914 65,842 255,135 694,554 1,711,540 11,080 107,337 41,304 11,775 68,165 172,821 3,215,467 Accumulated depreciation As of January 1, 2021 12,256 10,267 139,857 644,190 30,049 80,632 42,348 1,616 7,499 - 968,714 Additions 72 217 - 18,605 93,581 589 7,350 3,198 766 1,522 - 125,900 Disposals - - - (7 ) (32,317 ) (22,767 ) (9,819 ) (23,090 ) - - - (88,000 ) As of December 31, 2021 12,328 10,484 - 158,455 705,454 7,871 78,163 22,456 2,382 9,021 - 1,006,614 Additions 72 387 - 18,818 95,486 575 7,398 3,595 140 1,521 - 127,992 Sales and/or retirement - - - - (3,990 ) (12 ) (2,269 ) (194 ) - - - (6,465 ) Disposals - - - (795 ) (13,425 ) (26 ) (4,278 ) (428 ) - - - (18,952 ) Transfers, note 11 - (3 ) - - - - - - - - - (3 ) As of December 31, 2022 12,400 10,868 - 176,478 783,525 8,408 79,014 25,429 2,522 10,542 - 1,109,186 Impairment (b) As of December 31, 2021 42,859 24,048 - 13,578 12,424 201 26 454 - - 735 94,325 As of December 31, 2022 42,859 24,048 3,624 13,579 12,918 200 26 454 - - 735 98,443 Net book value As of December 31, 2021 20,727 23,470 256,552 521,052 979,777 2,634 35,162 11,518 6,648 55,986 61,405 1,974,931 As of December 31, 2022 20,655 30,926 251,511 504,497 915,097 2,472 28,297 15,421 9,253 57,623 172,086 2,007,838 (b) Mining concessions mainly include net acquisition costs of S/15,488,000 related to coal concessions acquired through a purchase option executed from 2011 to 2013. The caption also includes some concessions acquired by the Group for exploration activities related to the cement business. In previous years management recognized a full impairment related to the total net book value of a closed zinc mining unit which included concession costs, development costs and related facilities and equipment. From this impairment estimate, S/42,859,000 corresponds to concession costs. According to management´s expectation the recovery amount of this zinc mining unit is zero. (c) The Group has assessed the recoverable amount of its remaining long-term assets and did not find indicators of an impairment for these assets as of December 31, 2022 and 2021. (d) Work in progress included in property, plant and equipment as of December 31, 2022 and 2021 is mainly related to complementary facilities of the cement plants. (e) As of December 31, 2022, the Group maintains accounts payable related to the acquisition of property, plant and equipment for S/14,560,000 (S/7,615,000 as of December 31, 2021), see note 14. (f) During 2022 and 2021, the Group capitalized borrowing costs by S/2,739,000 and S/103,000 mainly related with the Clinker Line Optimization project - Kiln 4 located in Pacasmayo. The rate used to determine the amount of borrowings costs eligible for capitalization was approximately 5.30 percent as of December 31, 2022, which is the effective rate of the borrowing the Group has as of such date. The amount of borrowing costs eligible for capitalization is determined by applying the capitalization rate to the capital expenditures incurred on qualifying assets.

Intangibles assets, net (Tables

Intangibles assets, net (Tables)	12 Months Ended
	Dec. 31, 2022
Intangibles assets, net [Abstract]
Schedule of intangible assets	IT applications Finite life intangible Indefinite life intangible Exploration cost and mining evaluation (b) Total S/(000) S/(000) S/(000) S/(000) S/(000) Cost As of January 1, 2021 34,271 24,543 1,975 49,530 110,319 Additions 7,152 - - 1,739 8,891 Disposals - - - (54 ) (54 ) Transfers, note 10 - - - 64 64 As of December 31, 2021 41,423 24,543 1,975 51,279 119,220 Additions 14,564 - - 417 14,981 Disposals (27 ) - - (27 ) Transfers and reclassifications, note 10 107 - - 627 734 As of December 31, 2022 56,067 24,543 1,975 52,323 134,908 Accumulated amortization As of January 1, 2021 13,344 5,710 71 8,085 27,210 Additions 4,681 2,455 - 965 8,101 Disposals - - - (54 ) (54 ) As of December 31, 2021 18,025 8,165 71 8,996 35,257 Additions 5,833 2,454 - 575 8,862 Transfers and reclassifications, note 10 - - - 3 3 As of December 31, 2022 23,858 10,619 71 9,574 44,122 Impairment (b) As of December 31, 2021 - - - 33,469 33,469 As of December 31, 2022 456 - - 33,469 33,925 Net Carrying Value As of December 31, 2021 23,398 16,378 1,904 8,814 50,494 As of December 31, 2022 31,753 13,924 1,904 9,280 56,861 (b) As of December 31, 2022 and 2021, the exploration cost and mining evaluation include mainly capital expenditures related to the coal project and to other minor projects related to the cement business. (c) As of December 31, 2022 and 2021, the Group evaluated the conditions of use of the projects related to the exploration and mining evaluation costs and its other intangibles, not finding any indicators of impairment in said assets.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of leases [Abstract]
Schedule of movement of the right of use assets recognized	Transportation units Other Total S/(000) S/(000) S/(000) Cost - Balance as of January 1, 2021 7,504 38 7,542 Additions 217 - 217 Sales and/or retirement - (3 ) (3 ) Balance as of December 31, 2021 7,721 35 7,756 Additions 306 307 613 Balance as of December 31, 2022 8,027 342 8,369 Accumulated depreciation - Balance as of January 1, 2021 1,501 35 1,536 Additions 1,552 - 1,552 Balance as of December 31, 2021 3,053 35 3,088 Additions 1,616 26 1,642 Balance as of December 31, 2022 4,669 61 4,730 Net book value As of December 31, 2021 4,668 - 4,668 As of December 31, 2022 3,358 281 3,639
Schedule of movement of the lease liabilities recognized	2022 2021 S/(000) S/(000) Balance as of January 1 5,829 6,633 Additions 613 217 Financial interest expenses, note 26 317 383 Lease payments (2,511 ) (2,419 ) Other 107 1,015 Balance as of December 31 4,355 5,829 Maturity Current portion 2,005 1,856 Non-current portion 2,350 3,973 Balance as of December 31 4,355 5,829

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other payables [Abstract]
Schedule of trade and other payables	2022 2021 S/(000) S/(000) Trade payables (b) 159,096 111,336 Interest payable (d) 26,611 29,871 Remuneration payable 19,735 20,835 Advances from customers 14,702 14,668 Accounts payable related to the acquisition of property, plant and equipment, note 10(e) 14,560 7,615 Taxes and contributions 11,347 8,638 Dividends payable, note 18(g) 9,764 9,550 Hedge finance cost payable 5,978 6,213 Board of Directors’ fees 5,191 5,615 Guarantee deposits 4,127 4,645 Account payable to the principal and affiliates, note 27 2,686 143 Other accounts payable 10,757 8,425 284,554 227,554 (b) Trade accounts payable result from the purchases of material, services and supplies for the Group’s operations, and mainly correspond to invoices payable to domestic suppliers. Trade payables are non-interest bearing and are normally settled on 60 to 120 days term. (c) Other payables are non-interest bearing and have an average term of 3 months. (d) Interest payable is normally settled semiannually throughout the financial year.

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Provisions Text Block Abstract
Schedule of provisions	Workers’ Long-term incentive plan (c) Quarry Provision of legal contingencies Total S/(000) S/(000) S/(000) S/(000) S/(000) At January 1, 2021 9,380 12,090 10,161 3,090 34,721 Additions (b), note 23 25,165 9,763 - - 34,928 Exchange difference - - 1,060 - 1,060 Unwinding of discounts, note 26 - 660 75 - 735 Change in estimate - - (260 ) - (260 ) Payments and advances (10,276 ) - - - (10,276 ) At December 31, 2021 24,269 22,513 11,036 3,090 60,908 Current portion 24,269 - - - 24,269 Non-current portion - 22,513 11,036 3,090 36,639 24,269 22,513 11,036 3,090 60,908 At January 1, 2022 24,269 22,513 11,036 3,090 60,908 Additions (b), note 23 32,161 8,272 - 1,368 41,801 Exchange difference - - (495 ) - (495 ) Unwinding of discounts, note 26 - 1,200 91 - 1,291 Change in estimate - - 2,745 - 2,745 Payments and advances (25,097 ) - - (2,182 ) (27,279 ) At December 31, 2022 31,333 31,985 13,377 2,276 78,971 Current portion 31,333 - - - 31,333 Non-current portion - 31,985 13,377 2,276 47,638 31,333 31,985 13,377 2,276 78,971
Schedule of workers’ profit sharing	2022 2021 S/(000) S/(000) Cost of sales, note 23 15,165 13,887 Administrative expenses, note 23 12,520 8,935 Selling and distribution expenses, note 23 3,287 2,227 Investment 1,189 116 32,161 25,165

Financial Obligations (Tables)

Financial Obligations (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Financial Obligationstext Block Abstract
Schedule of financial obligations	Currency Nominal interest rate Maturity 2022 2021 % S/(000) S/(000) Short -term promissory notes (b) Banco de Crédito del Perú S/ 8.93 % December 18,2023 38,000 - Banco de Crédito del Perú S/ 8.93 % December 18,2023 38,000 - Banco de Crédito del Perú US$ 1.80 % July 8,2022 - 71,964 Banco de Crédito del Perú S/ 2.62 % January 10, 2022 - 79,500 Banco de Crédito del Perú S/ 2.62 % January 10, 2022 - 79,500 Banco de Crédito del Perú S/ 1.55 % December 23, 2022 - 110,000 Banco de Crédito del Perú S/ 1.55 % December 23, 2022 - 110,000 Total current 76,000 450,964 Senior Notes (c) Principal, net of issuance costs US$ 4.50 % February 8, 2023 502,699 525,420 Principal, net of issuance costs S/ 6.69 % February 1, 2029 259,625 259,563 Principal, net of issuance costs S/ 6.84 % February 1, 2034 309,457 309,408 1,071,781 1,094,391 Short and long-term Corporate Loan under “Club deal” (d) Banco de Crédito del Perú S/ 5.82 % December 1,2028 222,695 - Scotiabank S/ 5.82 % December 1,2028 222,695 - 445,390 - Total non-current 1,593,171 1,545,355 Maturity Current 618,907 450,964 Non-current 974,264 1,094,391 1,593,171 1,545,355

Deferred Income Tax Assets an_2

Deferred Income Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Deferred Taxes Text Block Abstract
Schedule of deferred income tax assets and liabilities	As of January 1, Effect on profit or loss Effect on OCI As of December 31, Effect on profit or loss Additions quarry Effect on OCI As of December 31, S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Movement of deferred income tax assets: Deferred income tax assets Provision for vacations 1,570 335 - 1,905 196 - - 2,101 Allowance for expected credit losses for trade receivables 1,457 76 - 1,533 555 - - 2,088 Provision of discounts and bonuses to customers 2,457 (230 ) - 2,227 (448 ) - - 1,779 Lease liabilities 892 (87 ) 14 819 (119 ) - - 700 Effect of tax-loss carry forward 9,270 (7,559 ) - 1,711 (1,018 ) - - 693 Legal claim contingency 461 - - 461 - - - 461 Estimate for devaluation of spare parts and supplies 431 1 - 432 3 - - 435 Effect of differences between book and tax bases of fixed assets and in the depreciation rates used for book purposes 227 73 - 300 89 - - 389 Effect of differences between book and tax bases of inventories 55 - - 55 - - - 55 Allowance for expected credit losses for other receivables 974 - - 974 (974 ) - - - Other 63 555 (14 ) 604 290 - - 894 17,857 (6,836 ) - 11,021 (1,426 ) - - 9,595 Deferred income tax liabilities Right of use assets (809 ) 178 (17 ) (648 ) 88 - - (560 ) Effect of differences between book and tax bases of fixed assets and in the depreciation rates used for book purposes (1,430 ) 486 - (944 ) 897 - - (47 ) Other - - 17 17 - - - 17 (2,239 ) 664 - (1,575 ) 985 - - (590 ) Total deferred income tax assets 15,618 (6,172 ) - 9,446 (441 ) - - 9,005 Movement of deferred income tax liabilities: Deferred income tax assets Impairment on brine project assets Salmueras 17,563 255 - 17,818 212 - - 18,030 Long-term incentive plan 3,566 3,075 - 6,641 2,794 - - 9,435 Impairment of mining assets 6,916 (212 ) - 6,704 951 - - 7,655 Financial instruments designated at fair value through OCI 6,051 - 589 6,640 - - 167 6,807 Provision for spare parts and supplies obsolescence 5,381 327 - 5,708 216 - - 5,924 Provision for vacations 3,258 423 - 3,681 203 - - 3,884 Quarry rehabilitation provision 2,781 (55 ) - 2,726 27 810 - 3,563 Allowance for expected credit losses for trade receivables 101 534 - 635 18 - - 653 Legal claim contingency 1,065 (135 ) - 930 (502 ) - - 428 Lease liabilities 450 - - 450 (240 ) - - 210 Other 275 53 - 328 - - - 328 47,407 4,265 589 52,261 3,679 810 167 56,917 Deferred income tax liabilities Effect of differences between book and tax bases of fixed assets and in the depreciation rates (192,544 ) 2,366 - (190,178 ) 3,752 (810 ) - (187,236 ) Net gain on cash flow hedge (2,952 ) 1,684 (6,146 ) (7,414 ) 36 - (1,133 ) (8,511 ) Effect of costs of issuance of senior notes (770 ) (1,915 ) - (2,685 ) 314 - - (2,371 ) Right of use assets (963 ) 217 - (746 ) 354 - - (392 ) Other (42 ) - - (42 ) - - - (42 ) (197,271 ) 2,352 (6,146 ) (201,065 ) 4,456 (810 ) (1,133 ) (198,552 ) Total deferred income tax liabilities, net (149,864 ) 6,617 (5,557 ) (148,804 ) 8,135 - (966 ) (141,635 ) 445 (5,557 ) 7,694 (966 )
Schedule of reconciliation between tax expenses and the product	2022 2021 2020 S/(000) S/(000) S/(000) Profit before income tax 262,420 224,110 85,898 Income tax expense calculated at the statutory income tax rate of 29.5% (77,414 ) (66,112 ) (25,340 ) Permanent differences Non-deductible expenses, net (7,415 ) (4,070 ) (1,596 ) Effect of tax-loss carry forward not recognized (763 ) (758 ) (1,068 ) Income tax expense the effective income tax rate of 33% in 2022 (2021: 32% and 2020: 33%) (85,592 ) (70,940 ) (28,004 )
Schedule of income tax expenses	2022 2021 2020 S/(000) S/(000) S/(000) Consolidated statement of profit or loss Current (93,286 ) (71,385 ) (25,779 ) Deferred 7,694 445 (2,225 ) (85,592 ) (70,940 ) (28,004 )
Schedule of composition of deferred income tax	2022 2021 2020 S/(000) S/(000) S/(000) Tax effect on unrealized gain on available-for-sale financial asset 167 589 5,172 Tax effect on unrealized gain (loss) on hedging derivative financial asset (1,133 ) (6,146 ) 487 Total deferred income tax in OCI (966 ) (5,557 ) 5,659

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of share capital, reserves and other equity interest [Abstract]
Schedule of equity distribution	2022 2021 2020 Approval date by Board of Directors October 10, 2022 April 29, 2021 November 16, 2020 Declared dividends per share to be paid in cash S/ 0.42000 0.79000 0.23000 Declared dividends S/(000): 179,805 338,204 98,465

Sales of Goods (Tables)

Sales of Goods (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Revenue Text Block Abstract
Schedule of sales of goods	For the year ended of December 31, 2022 Cement Concrete and mortar Precast Quicklime Construction supplies Other Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segments Sale of cement, concrete, mortar and precast 1,742,704 189,945 31,177 - - - 1,963,826 Sale of construction supplies - - - - 114,024 - 114,024 Sale of quicklime - - - 37,858 - - 37,858 Sale of other - - - - - 38 38 1,742,704 189,945 31,177 37,858 114,024 38 2,115,746 Moment of the revenue recognition Goods transferred at a point in time 1,742,704 189,945 31,177 37,858 114,024 38 2,115,746 For the year ended of December 31, 2021 Cement Concrete and mortar Precast Quicklime Construction supplies Other Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segments Sale of cement, concrete, mortar and precast 1,534,867 213,565 36,055 - - - 1,784,487 Sale of construction supplies - - - - 113,905 - 113,905 Sale of quicklime - - - 39,141 - - 39,141 Sale of other - - - - - 234 234 1,534,867 213,565 36,055 39,141 113,905 234 1,937,767 Moment of the revenue recognition Goods transferred at a point in time 1,534,867 213,565 36,055 39,141 113,905 234 1,937,767 For the year ended of December 31, 2020 Cement Concrete and mortar Precast Quicklime Construction supplies Other Total S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segments Sale of cement, concrete, mortar and precast 1,023,907 126,135 35,144 - - - 1,185,186 Sale of construction supplies - - - - 78,192 - 78,192 Sale of quicklime - - - 32,473 - - 32,473 Sale of other - - - - - 483 483 1,023,907 126,135 35,144 32,473 78,192 483 1,296,334 Moment of the revenue recognition Goods transferred at a point in time 1,023,907 126,135 35,144 32,473 78,192 483 1,296,334

Cost of Sales (Tables)

Cost of Sales (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Cost Of Sales Text Block Abstract
Schedule of cost of sales	2022 2021 2020 S/(000) S/(000) S/(000) Beginning balance of goods and finished products 25,304 12,877 22,133 Beginning balance of work in progress 135,008 114,246 166,999 Consumption of miscellaneous supplies 622,579 566,781 295,688 Maintenance and third-party services 277,250 242,412 147,282 Shipping costs 201,849 196,064 113,054 Depreciation and amortization 121,871 118,998 122,541 Personnel expenses, note 23(b) 125,683 113,513 89,805 Costs of packaging 81,023 71,580 45,032 Other manufacturing expenses 80,122 102,177 45,637 Ending balance of goods and finished products (20,037 ) (25,304 ) (12,877 ) Ending balance of work in progress (186,937 ) (135,008 ) (114,246 ) 1,463,715 1,378,336 921,048

Administrative Expenses (Tables

Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of General And Administrative Expense Text Block Abstract
Schedule of administrative expenses	2022 2021 2020 S/(000) S/(000) S/(000) Personnel expenses, note 23(b) 116,748 96,891 76,291 Third-party services 72,172 59,896 48,713 Depreciation and amortization 16,667 16,569 16,626 Donations 8,494 9,067 9,188 Board of Directors compensation 6,112 6,397 5,992 Taxes 5,669 5,563 5,262 Consumption of supplies 1,715 1,686 1,297 227,577 196,069 163,369

Selling and Distribution Expe_2

Selling and Distribution Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Expenses Text Block Abstract
Schedule of selling and distribution expenses	2022 2021 2020 S/(000) S/(000) S/(000) Personnel expenses, note 23(b) 42,300 33,867 26,283 Third-party services 11,106 9,733 7,326 Advertising and promotion 6,417 5,637 3,285 Allowance for expected credit losses, note 7(d) 1,972 563 1,582 Other 3,442 1,720 1,677 65,237 51,520 40,153

Employee Benefits Expenses (Tab

Employee Benefits Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Employee Benefits Text Block Abstract
Schedule of employee benefits expenses	2022 2021 2020 S/(000) S/(000) S/(000) Wages and salaries 165,530 138,675 115,630 Social contributions 32,966 28,842 26,085 Workers ‘profit sharing, note 15(b) 30,972 25,049 9,513 Legal bonuses 20,556 19,620 17,413 Vacations 18,481 18,032 16,301 Long-term incentive plan, note 15 8,272 9,763 5,759 Cessation payments 4,511 2,203 858 Training 2,307 1,408 476 Other 1,136 679 344 284,731 244,271 192,379
Schedule of allocation of employee benefits expenses	2022 2021 2020 S/(000) S/(000) S/(000) Cost of sales, note 20 125,683 113,513 89,805 Administrative expenses, note 21 116,748 96,891 76,291 Selling and distribution expenses, note 22 42,300 33,867 26,283 284,731 244,271 192,379

Other Operating Income (Expen_2

Other Operating Income (Expense), Net (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Other Operating Income (Expense), Net [Abstract]
Schedule of other operating income (expense)	2022 2021 2020 S/(000) S/(000) S/(000) Rentals to third parties 1,694 2,328 649 Income from land rental and office lease, note 27 1,508 1,639 1,859 Net gain (loss) on disposal of property, plant and equipment and intangible assets 591 1,775 2,591 Recovery of expenses 204 491 1,166 Income from management and administrative services provided to related parties, note 27 198 305 834 Expenses to counteract the COVID-19 effect - - (2,642 ) Other, net (8,094 ) (130 ) (111 ) (3,899 ) 6,408 4,346

Finance Income (Tables)

Finance Income (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Finance Income [Abstract]
Schedule of finance income	2022 2021 2020 S/(000) S/(000) S/(000) Interest on term deposits 1,884 834 2,243 Interest on accounts receivable 1,090 898 204 Tax interest - 1,015 - Other finance income 332 144 529 3,306 2,891 2,976

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Finance Costs [Abstract]
Schedule of finance costs	2022 2021 2020 S/(000) S/(000) S/(000) Interest on senior notes, note 16 (c) 60,225 63,333 60,857 Finance cost on cross currency swaps 15,155 15,046 16,144 Interest on promissory notes 14,920 7,326 8,298 Expenses for the purchase and amortization of issuance costs of senior notes 1,027 815 816 Interest on lease liabilities, note 13 317 383 409 Counterparty credit risk in cross currency swaps 62 848 542 Interest for bank overdraft - - 802 Commission for prepayment of loans - - 325 Other 2,108 479 74 Total interest expense 93,814 88,230 88,267 Unwinding of discount of provisions, note 15 1,291 735 427 Total finance costs 95,105 88,965 88,694

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Related Party Disclosure [Abstract]
Schedule of transactions with its parent company Inversiones ASPI S.A. and its affiliates	2022 2021 2020 S/(000) S/(000) S/(000) Income Parent Inversiones ASPI S.A. (ASPI) Income from office lease 16 20 17 Fees for management and administrative services 100 98 88 Other related parties Compañía Minera Ares S.A.C. (Ares) Income from land lease, note 29 1,200 1,230 1,303 Income from office lease 244 332 478 Fossal S.A.A. (Fossal) Income from office lease 16 18 19 Fees for management and administrative services 52 52 48 Fosfatos del Pacífico S.A. (Fospac) Income from office lease 16 19 24 Fees for management and administrative services 46 155 698 Asociación Sumac Tarpuy Income from office lease 16 20 18 Expense Other related parties Security services provided by Compañía Minera Ares S.A.C. (2,110 ) (2,836 ) (1,912 ) Loans Other related parties Loans to Fossal S.A.A. - (14,252 ) - Loans to Fosfatos del Pacífico S.A. - (2,869 ) - Loan collection from Fossal S.A.A. - 14,252 - Loan collection from Fosfatos del Pacífico S.A. - 2,869 -
Schedule of rights and obligations	2022 2021 Accounts Accounts Accounts Accounts S/(000) S/(000) S/(000) S/(000) Parent Inversiones ASPI S.A. - 5 - 105 - 5 - 105 Other related parties Fosfatos del Pacífico S.A. 1,123 461 1,039 37 Compañía Minera Ares S.A.C. 564 2,220 199 - Fossal S.A.A. 75 - 12 - Other 96 - 64 1 1,858 2,681 1,314 38 1,858 2,686 1,314 143

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Earnings Per Share (EPS) [Abstract]
Schedule of basic and diluted earnings per share	2022 2021 2020 Numerator Profit for the year (S/000) 176,828 153,170 57,894 Denominator Weighted average number of common and investment shares (thousands of shares) 428,107 428,107 428,107 Basic and diluted earnings per share (S/) 0.41 0.36 0.14

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Table [Abstract]
Schedule of income tax and Value added tax corresponding to the years	Years open to review by Tax Authority Income tax Value-added tax Entity Cementos Pacasmayo S.A.A. 2018 - 2022 Dec. 2018 - 2022 Cementos Selva S.A.C. 2018 - 2022 Dec. 2018 - 2022 Distribuidora Norte Pacasmayo S.R.L. 2018 - 2022 Dec. 2018 - 2022 Empresa de Transmisión Guadalupe S.A.C. 2018 - 2022 Dec. 2018 - 2022 Salmueras Sudamericanas S.A. 2018 - 2022 Dec. 2018 - 2022 Calizas del Norte S.A.C. (liquidated during 2022) 2018 - 2022 Dec. 2018 - 2022 Soluciones Takay S.A.C. 2019 - 2022 May to Dec.2019 - 2022
Schedule of plans and related expenses	Project unit Resource Resolution Year of Program Operating year expense 2022 2021 2020 S/(000) S/(000) S/(000) Rioja Limestone RD186-2014-PRODUCE/DVMYPE-I/DIGGAM 2014 EIA 810 713 315 Tembladera Limestone RD304-18-PRODUCE/DVMYPE-I/DIGAAMI 2018 PAMA 299 298 237 1,109 1,011 552

Financial Risk Management, Ob_2

Financial Risk Management, Objectives and Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Risk Management, Objectives and Policies [Abstract]
Schedule of changes in the fair value of monetary assets and liabilities	2022 Change in US$ rate Effect on consolidated profit before tax U.S. Dollar % S/(000) +5 1,638 +10 3,276 -5 (1,638 ) -10 (3,276 ) 2021 Change in Effect on U.S. Dollar % S/(000) +5 7,695 +10 15,391 -5 (7,695 ) -10 (15,391 )
Schedule of maturity profile of the Group’s financial liabilities based on contractual undiscounted payments	Less than 3 months 3 to 12 months 1 to 5 years More than 5 years Total S/(000) S/(000) S/(000) S/(000) S/(000) As of December 31, 2022 Financial obligations 414,290 116,818 326,544 651,638 1,509,290 Interest 36,222 45,282 213,427 119,201 414,132 Derivative financial instruments 7,473 - - - 7,473 Trade and other payables 231,698 41,510 - - 273,208 Lease liabilities 502 1,503 2,350 - 4,355 As of December 31, 2021 Financial obligations 159,000 291,964 414,290 570,000 1,435,254 Interest 31,255 35,147 166,252 154,851 387,505 Derivative financial instruments 7,821 7,821 7,821 - 23,463 Trade and other payables 175,975 42,941 - - 218,916 Lease liabilities 465 1,391 3,973 5,829
Schedule of financial derivative instruments in the table below are the gross undiscounted cash flows	Less than 3 months 3 to 12 months 1 to 5 years Total S/(000) S/(000) S/(000) S/(000) As of December 31, 2022 Inflows 88,968 - - 88,968 Outflows (1,627 ) - - (1,627 ) Net 87,341 - - 87,341 Discounted at the applicable interbank rates 86,893 - - 86,893 As of December 31, 2021 Inflows - - 125,537 125,537 Outflows (1,703 ) (7,908 ) (7,992 ) (17,603 ) Net (1,703 ) (7,908 ) 117,545 107,934 Discounted at the applicable interbank rates (1,695 ) (7,716 ) 116,012 106,601
Schedule of Changes in liabilities arising from financing activities	Balance as of January 1, Distribution of dividends Finance cost on cross currency swaps Cash Cash Movement of foreign currency Amortization of costs of issuance of senior notes Balance as of S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) 2022 Hedge finance cost payable 6,213 - 15,155 - (15,390 ) - - 5,978 Dividends payable 9,550 179,805 - 229 (179,820 ) - - 9,764 Interest-bearing loans 1,545,355 - - 525,000 (448,984 ) (25,407 ) (2,793 ) 1,593,171 2021 Hedge finance cost payable 6,381 - 15,046 - (15,214 ) - - 6,213 Dividends payable 7,686 338,204 - 481 (336,821 ) - - 9,550 Interest-bearing loans 1,268,584 - - 220,000 - 55,955 816 1,545,355

Fair Value of Financial Asset_2

Fair Value of Financial Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Financial Assets and Liabilities Table [Abstract]
Schedule of carrying amounts and fair values of financial instruments	Carrying amount Fair value Fair value hierarchy 2022 2021 2022 2021 2022/2021 S/(000) S/(000) S/(000) S/(000) Financial assets Cash and cash equivalents 81,773 273,402 81,773 273,402 Level 1 Trade and other receivables 145,034 143,924 145,034 143,924 Level 2 Other financial instruments 86,893 106,601 86,893 106,601 Level 2 Financial investments designated at fair value through other comprehensive income 274 476 274 476 Level 3 Total financial assets 313,974 524,403 313,974 524,403 Financial liabilities Trade and other payables 284,554 227,554 284,554 227,554 Level 2 Senior notes 1,071,781 1,094,391 996,156 1,119,035 Level 1 Promissory notes 521,390 450,964 459,117 447,558 Level 2 Total financial liabilities 1,877,725 1,772,909 1,739,827 1,794,147

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Information [Abstract]
Schedule of transfer prices between operating segments	2022 2021 2020 Cement, concrete, mortar and precast Construction supplies Quicklime Other (*) Total consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other (*) Total consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other (*) Total consolidated S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Revenues from external customers 1,963,826 114,024 37,858 38 2,115,746 1,784,487 113,905 39,141 234 1,937,767 1,185,186 78,192 32,473 483 1,296,334 Gross profit 647,285 3,670 1,954 (878 ) 652,031 550,816 3,501 5,651 (537 ) 559,431 367,456 3,014 5,012 (196 ) 375,286 Administrative expenses (223,162 ) (2,741 ) (1,238 ) (436 ) (227,577 ) (191,132 ) (2,675 ) (1,099 ) (1,163 ) (196,069 ) (157,491 ) (2,862 ) (1,493 ) (1,523 ) (163,369 ) Selling and distribution expenses (63,971 ) (786 ) (355 ) (125 ) (65,237 ) (50,223 ) (703 ) (289 ) (305 ) (51,520 ) (38,708 ) (703 ) (367 ) (375 ) (40,153 ) Other operating (expense) income, net (2,964 ) 8 - (943 ) (3,899 ) 6,358 47 - 3 6,408 4,204 154 - (12 ) 4,346 Finance income 3,252 20 - 34 3,306 2,874 17 - - 2,891 2,951 26 - (1 ) 2,976 Finance cost (95,102 ) (3 ) - - (95,105 ) (88,961 ) (3 ) - (1 ) (88,965 ) (88,569 ) (130 ) - 5 (88,694 ) Net (loss) gain on (settlement of) derivative financial instruments recognized at fair value through profit or loss (59 ) - - - (59 ) (980 ) - - - (980 ) 5,337 - - - 5,337 Loss from exchange difference, net (1,030 ) 5 (6 ) (9 ) (1,040 ) (6,987 ) (30 ) (85 ) 16 (7,086 ) (9,352 ) (404 ) (88 ) 13 (9,831 ) Profit before income tax 264,249 173 355 (2,357 ) 262,420 221,765 154 4,178 (1,987 ) 224,110 85,828 (905 ) 3,064 (2,089 ) 85,898 Income tax expense (86,189 ) (56 ) (116 ) 769 (85,592 ) (70,198 ) (49 ) (1,322 ) 629 (70,940 ) (27,981 ) 295 (999 ) 681 (28,004 ) Profit for the year 178,060 117 239 (1,588 ) 176,828 151,567 105 2,856 (1,358 ) 153,170 57,847 (610 ) 2,065 (1,408 ) 57,894 (*) The “other” segment includes activities that do not meet the threshold for disclosure under IFRS 8.13 and represent non-material operations of the Group (including brine projects).
Schedule of segment reporting	2022 2021 2020 Cement, concrete, mortar and precast Construction supplies Quicklime Other Consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other Consolidated Cement, concrete, mortar and precast Construction supplies Quicklime Other Consolidated S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Segment assets 3,086,104 38,353 70,327 32,210 3,226,994 2,940,888 42,578 79,383 31,846 3,094,695 2,806,803 51,225 83,621 31,696 2,973,345 Other assets (*) 86,630 - - 537 87,167 106,280 - - 797 107,077 37,068 - - 5,871 42,939 Total assets 3,172,734 38,353 70,327 32,747 3,314,161 3,047,168 42,578 79,383 32,643 3,201,772 2,843,871 51,225 83,621 37,567 3,016,284 Operating liabilities 2,041,923 76,780 - 323 2,119,026 1,930,140 75,633 - 194 2,005,967 1,590,105 58,517 - 107 1,648,729 Capital expenditure (**) 190,126 - - - 190,126 97,288 - - - 97,288 63,960 - - - 63,960 Depreciation and amortization (133,276 ) (1,545 ) (3,519 ) (199 ) (138,539 ) (128,522 ) (1,102 ) (5,199 ) (744 ) (135,567 ) (131,877 ) (767 ) (5,741 ) (782 ) (139,167 ) Provision of inventory net realizable value and obsolescence (2,027 ) - - - (2,027 ) (3,374 ) - - - (3,374 ) (3,635 ) - - - (3,635 ) (*) As of December 31, 2022, corresponds to the financial investment designated at fair value through OCI for S/274,000 and fair value of derivative financial instruments (“cross currency swap”) for S/86,893,000. As of December 31, 2021, corresponds to the financial investment designated at fair value through OCI for approximately S/476,000 and the fair value of derivative financial instruments (“cross currency swap”) for S/106,601,000. The fair value of derivative financial instruments of hedging is allocated to the segment of cement, and the financial investment designated at fair value through OCI and fair value of derivative financial instrument at fair value through profit or loss are not assigned to any segment. (**) Capital expenditure consists of S/190,126,000 and S/97,288,000 during the years ended as of December 31, 2022 and 2021, respectively, and are related to additions of property, plant and equipment, intangible and other minor non-current assets.

Corporate Information (Details)

Corporate Information (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Corporate Information (Details) [Line Items]
Description of shares received upon spin-off	Cementos Pacasmayo S.A.A. (hereinafter “the Company”) was incorporated in 1957 and, under the Peruvian General Corporation Law, is an open stock corporation, its shares are listed in the Lima and New York Stock Exchange.
Percentage of interests in subsidiary	100%
Share percentage	100%
Inversiones ASPI S.A. [Member]
Corporate Information (Details) [Line Items]
Percentage of holding interests in subsidiary	50.01%	50.01%	50.01%

Significant Accounting Polici_3

Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2022
Disclosure of significant accounting policies [Abstract]
Motorized vehicles useful life	5 years
Intangible assets with finite useful lives	10 years
Fees for derecognition of financial liabilities	10%

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of estimated useful lives	12 Months Ended
	Dec. 31, 2022
Administrative facilities [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 20 and 51
Main production structures [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 20 and 56
Minor production structures [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 20 and 35
Mills and horizontal furnaces [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 24 and 45
Vertical furnaces, crushers and grinders [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 23 and 36
Electricity facilities and other minors [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 10 and 35
Furniture and fixtures [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Furniture and fixtures	10 years
Heavy units [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 5 and 15
Light units [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 5 and 10
Computer equipment [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 3 and 10
Tools [Member]
Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated useful lives	Between 5 and 10

Transactions in Foreign Curre_3

Transactions in Foreign Currency (Details)	12 Months Ended
	Dec. 31, 2022 PEN (S/)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PEN (S/)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 PEN (S/)
Disclosure About The Transactions In Foreign Currency Abstract
Transactions in foreign currency, description	As of December 31, 2022 the exchange rates for transactions in United States dollars, published by this institution, were S/3.808 for purchase and S/3.820 for sale (S/3.975 for purchase and S/3.998 for sale as of December 31, 2021).	As of December 31, 2022 the exchange rates for transactions in United States dollars, published by this institution, were S/3.808 for purchase and S/3.820 for sale (S/3.975 for purchase and S/3.998 for sale as of December 31, 2021).
Amount of swap position		$ 132,000,000		$ 132,000,000
Amount of underlying liabilities		131,612,000		131,612,000
Derivative financial instruments		$ 388,000		$ 388,000
Net loss exchange difference amount (in Nuevos Soles) | S/	S/ 1,040,000		S/ 7,086,000		S/ 9,831,000

Transactions in Foreign Curre_4

Transactions in Foreign Currency (Details) - Schedule of assets and liabilities - USD [member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Transactions in Foreign Currency (Details) - Schedule of assets and liabilities [Line Items]
Cash and cash equivalents	$ 4,426	$ 51,343
Trade and other receivables	3,262	4,946
Advances to suppliers for work in progress	18,899	10,175
Total assets	26,587	66,464
Trade and other payables	(18,399)	(10,356)
Interest-bearing loans and borrowings	(131,612)	(149,612)
Liabilities	(150,011)	(159,968)
Cross currency swap position	132,000	132,000
Net monetary position	$ 8,576	$ 38,496

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details)	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Description of short term deposit	The short-term deposits held in domestic banks were freely available and earned interest at the respective short-term market rates and original maturity less than three months.

Cash and Cash Equivalents (De_2

Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents - PEN (S/) S/ in Thousands		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash on hand		S/ 161	S/ 273
Cash at banks	[1]	39,112	225,629
Short-term deposits	[2]	42,500	47,500
Cash and cash equivalents		S/ 81,773	S/ 273,402	S/ 308,912	S/ 68,266
[1]Cash at banks is denominated in local and foreign currency and U.S. dollars, is deposited in local and foreign bank are freely available. The demand deposits interest yield is based on daily bank deposit rates.[2]The short-term deposits held in domestic banks were freely available and earned interest at the respective short-term market rates and original maturity less than three months.

Trade and Other Receivables (De

Trade and Other Receivables (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Trade and Other Receivables [Abstract]
Legal fee	S/ 28,922,000	S/ 28,922,000
Additions of expected credit losses for trade receivables	S/ 1,972,000
Expected credit losses for trade receivables		S/ 563,000

Trade and Other Receivables (_2

Trade and Other Receivables (Details) - Schedule of trade and other receivables - PEN (S/) S/ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Trade receivables [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current	[1]	S/ 78,519	S/ 91,072
Non-Current	[1]
Other accounts receivable [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		7,790	5,940
Non-Current
Accounts receivable from Parent company and affiliates [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		1,858	1,314
Non-Current
Interest receivable [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		1,163	636
Non-Current
Loans to employees [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		676	610
Non-Current
Funds restricted to tax payments [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		244	1,314
Non-Current
Other receivables from sale of fixed assets [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		215	937
Non-Current
Loans granted [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current			1,066
Non-Current			83
Allowance for expected credit losses [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current	[2],[3]	(7,433)	(5,539)
Non-Current	[2],[3]
Financial assets classified as receivables [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current	[2]	83,032	97,350
Non-Current	[2]		83
Value-added tax credit [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		18,459	5,368
Non-Current		1,874	2,673
Payment under protest for mining royalties [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current	[4]
Non-Current	[4]	28,922	28,922
Other accounts receivable [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current
Non-Current		12,747	9,320
Tax refund receivable [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current
Non-Current		9,034	9,242
Allowance for expected credit losses [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current	[3]
Non-Current	[3]	(9,034)	(9,034)
Non-financial assets classified as receivables [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		18,459	5,368
Non-Current		43,543	41,123
Total [Member]
Trade and Other Receivables (Details) - Schedule of trade and other receivables [Line Items]
Current		101,491	102,718
Non-Current		S/ 43,543	S/ 41,206
[1]Trade account receivables have current maturity (30 to 90 days) and those overdue bear interest.[2]The aging analysis of trade and other accounts receivable as of December 31, 2021 and 2020, is as follows:[3]The movement of the allowance for expected credit losses is as follows:[4]On March 22, 2021, the Company received Tax Court Resolution N° 00905-4-21 that declares the calculation of Mining Royalty should be based on gross sale of the final product (cement) for the years 2008 and 2009. This is an opposite position to what is established by the Constitutional Court in the STC Exp. N° 1043-2013-PA/TC that declares founded the writ of protection presented by the Company and its right to calculate the Mining Royalty exclusively based on the value of the mining component, without considering in any way the value of the final products derived from industrial and manufacturing processes.

Trade and Other Receivables (_3

Trade and Other Receivables (Details) - Schedule of movement of the allowance for expected credit losses - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Trade and Other Receivables [Abstract]
Opening balance	S/ 14,573	S/ 14,358	S/ 12,781
Additions, note 22	1,972	563	1,582
Recoveries	(78)	(348)	(5)
Ending balance	S/ 16,467	S/ 14,573	S/ 14,358

Trade and Other Receivables (_4

Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable - PEN (S/) S/ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable [Line Items]
Expected credit loss rate	8.20%	5.40%
Carrying amount	S/ 90,465	S/ 102,972
Expected credit loss	S/ 7,433	S/ 5,539
Later Than Four Months [Member]
Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable [Line Items]
Expected credit loss rate	59.40%	76.50%
Carrying amount	S/ 11,871	S/ 6,641
Expected credit loss	S/ 7,055	S/ 5,080
Financial assets neither past due nor impaired [Member]
Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable [Line Items]
Expected credit loss rate	0.10%	0%
Carrying amount	S/ 63,676	S/ 65,314
Expected credit loss	S/ 64	S/ 28
Financial assets neither past due nor impaired [Member] | Less than one month [Member]
Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable [Line Items]
Expected credit loss rate	1.50%	0.90%
Carrying amount	S/ 8,538	S/ 21,233
Expected credit loss	S/ 124	S/ 190
Financial assets neither past due nor impaired [Member] | Later than one month and not later than two months [Member]
Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable [Line Items]
Expected credit loss rate	3.50%	1.70%
Carrying amount	S/ 3,807	S/ 6,112
Expected credit loss	S/ 135	S/ 105
Financial assets neither past due nor impaired [Member] | Later than two months and not later than three months [Member
Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable [Line Items]
Expected credit loss rate	2.10%	3.70%
Carrying amount	S/ 2,573	S/ 3,672
Expected credit loss	S/ 55	S/ 136
Financial assets neither past due nor impaired [Member] | Later than three months and not later than four months [Member]
Trade and Other Receivables (Details) - Schedule of analysis of trade and other accounts receivable [Line Items]
Expected credit loss rate
Carrying amount
Expected credit loss

Inventories (Details)

Inventories (Details) - PEN (S/)	Dec. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Provision for inventory obsolescence	S/ 24,905,000	S/ 23,052,000

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - PEN (S/) S/ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Inventories [Abstract]
Goods and finished products	S/ 18,903	S/ 24,720
Work in progress	186,281	134,358
Raw materials	397,096	243,139
Packages and packing	5,245	7,262
Fuel	3,642	3,498
Spare parts and supplies	260,742	183,056
Inventory in transit	13,060	9,149
Inventories	S/ 884,969	S/ 605,182

Financial Investment Designat_3

Financial Investment Designated at Fair Value Through OCI (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial Investment Designated at Fair Value Through OCI (Details) [Line Items]
Investment shares than represent of equity of Fossal S.A.A. percentage	8.52%	8.40%
Equity investments [Member]
Financial Investment Designated at Fair Value Through OCI (Details) [Line Items]
Number of investment shares of fossal (in Shares)	837,881	2,481,397
Charge in other comprehensive income	S/ 565,000	S/ 1,995,000	S/ 17,532,000

Financial Investment Designat_4

Financial Investment Designated at Fair Value Through OCI (Details) - Schedule of movement in financial instruments designated at fair value through OCI - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Movement in Financial Instruments Designated at Fair Value Through OCI [Abstract]
Beginning balance	S/ 476	S/ 692	S/ 18,224
Contribution of investment shares	363	1,779
Fair value change recorded in OCI	(565)	(1,995)	(17,532)
Ending balance	S/ 274	S/ 476	S/ 692

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment (Details) [Line Items]
Property, plant and equipment	2 years
Impairment charge on total book value	S/ 42,859,000
Group maintains accounts payable	14,560,000	S/ 7,615,000
Capitalized borrowing costs	S/ 2,739,000	S/ 103,000
Percentage of capitalized borrowing costs	5.30%
Mining assets [member]
Property, Plant and Equipment (Details) [Line Items]
Net acquisition costs related to coal concessions	S/ 15,488,000

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - Schedule of property, plant and equipment - PEN (S/) S/ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Mining concessions [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[1]	S/ 75,914	S/ 75,893
Additions	[1]		21
Sales and/or retirement	[1]
Disposals	[1]
Transfers	[1]
Ending balance	[1]	75,914	75,914
Mining concessions [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[1]	12,328	12,256
Additions	[1]	72	72
Sales and/or retirement	[1]
Disposals	[1]
Transfers	[1]
Ending balance	[1]	12,400	12,328
Mining concessions [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	42,859	42,859
Mining concessions [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value	[1]	20,655	20,727
Mine development costs [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[1]	58,002	53,975
Additions	[1]	7,311	3,435
Sales and/or retirement	[1]
Disposals	[1]
Transfers	[1]	529	592
Ending balance	[1]	65,842	58,002
Mine development costs [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[1]	10,484	10,267
Additions	[1]	387	217
Sales and/or retirement	[1]
Disposals	[1]
Transfers	[1]	(3)
Ending balance	[1]	10,868	10,484
Mine development costs [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	24,048	24,048
Mine development costs [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value	[1]	30,926	23,470
Land [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		256,552	252,190
Additions		868	4,254
Sales and/or retirement		(2,285)
Disposals
Transfers			108
Ending balance		255,135	256,552
Land [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance
Additions
Sales and/or retirement
Disposals
Transfers
Ending balance
Land [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	3,624
Land [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		251,511	256,552
Buildings and other construction [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		693,085	690,542
Additions			(98)
Sales and/or retirement
Disposals		(1,600)	(7)
Transfers		3,069	2,648
Ending balance		694,554	693,085
Buildings and other construction [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		158,455	139,857
Additions		18,818	18,605
Sales and/or retirement
Disposals		(795)	(7)
Transfers
Ending balance		176,478	158,455
Buildings and other construction [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	13,579	13,578
Buildings and other construction [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		504,497	521,052
Machinery, equipment and related spare parts [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		1,697,655	1,694,145
Additions		13,085	16,160
Sales and/or retirement		(4,978)
Disposals		(17,075)	(33,176)
Transfers		22,853	20,526
Ending balance		1,711,540	1,697,655
Machinery, equipment and related spare parts [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		705,454	644,190
Additions		95,486	93,581
Sales and/or retirement		(3,990)
Disposals		(13,425)	(32,317)
Transfers
Ending balance		783,525	705,454
Machinery, equipment and related spare parts [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	12,918	12,424
Machinery, equipment and related spare parts [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		915,097	979,777
Furniture and accessories [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		10,706	33,123
Additions		318	191
Sales and/or retirement		(14)
Disposals		(28)	(22,786)
Transfers		98	178
Ending balance		11,080	10,706
Furniture and accessories [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		7,871	30,049
Additions		575	589
Sales and/or retirement		(12)
Disposals		(26)	(22,767)
Transfers
Ending balance		8,408	7,871
Furniture and accessories [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	200	201
Furniture and accessories [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		2,472	2,634
Transportation units [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		113,351	113,109
Additions		658	7,523
Sales and/or retirement		(2,654)
Disposals		(4,460)	(10,583)
Transfers		442	3,302
Ending balance		107,337	113,351
Transportation units [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		78,163	80,632
Additions		7,398	7,350
Sales and/or retirement		(2,269)
Disposals		(4,278)	(9,819)
Transfers
Ending balance		79,014	78,163
Transportation units [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	26	26
Transportation units [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		28,297	35,162
Computer equipment and tools [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		34,428	52,645
Additions		2,849	3,731
Sales and/or retirement		(228)
Disposals		(481)	(23,105)
Transfers		4,736	1,157
Ending balance		41,304	34,428
Computer equipment and tools [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		22,456	42,348
Additions		3,595	3,198
Sales and/or retirement		(194)
Disposals		(428)	(23,090)
Transfers
Ending balance		25,429	22,456
Computer equipment and tools [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	454	454
Computer equipment and tools [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		15,421	11,518
Quarry rehabilitation costs [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		9,030	9,290
Additions		2,745	(260)
Sales and/or retirement
Disposals
Transfers
Ending balance		11,775	9,030
Quarry rehabilitation costs [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		2,382	1,616
Additions		140	766
Sales and/or retirement
Disposals
Transfers
Ending balance		2,522	2,382
Quarry rehabilitation costs [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]
Quarry rehabilitation costs [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		9,253	6,648
Capitalized interest [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[2]	65,007	64,904
Additions	[2]	3,158	103
Sales and/or retirement	[2]
Disposals	[2]
Transfers	[2]
Ending balance	[2]	68,165	65,007
Capitalized interest [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[2]	9,021	7,499
Additions	[2]	1,521	1,522
Sales and/or retirement	[2]
Disposals	[2]
Transfers	[2]
Ending balance	[2]	10,542	9,021
Capitalized interest [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1],[2]
Capitalized interest [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value	[2]	57,623	55,986
Work in progress and units in transit [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[3]	62,140	37,731
Additions	[3]	143,540	53,120
Sales and/or retirement	[3]	(398)
Disposals	[3]		(136)
Transfers	[3]	(32,461)	(28,575)
Ending balance	[3]	172,821	62,140
Work in progress and units in transit [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance	[3]
Additions	[3]
Sales and/or retirement	[3]
Disposals	[3]
Transfers	[3]
Ending balance	[3]
Work in progress and units in transit [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1],[3]	735	735
Work in progress and units in transit [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value	[3]	172,086	61,405
Total [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		3,075,870	3,077,547
Additions		174,532	88,180
Sales and/or retirement		(10,557)
Disposals			(89,793)
Transfers		(734)	(64)
Ending balance		3,215,467	3,075,870
Total [Member] | Accumulated depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Beginning balance		1,006,614	968,714
Additions		127,992	125,900
Sales and/or retirement		(6,465)
Disposals		(18,952)	(88,000)
Transfers		(3)
Ending balance		1,109,186	1,006,614
Total [Member] | Impairment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Impairment	[1]	98,443	94,325
Total [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Net book value		S/ 2,007,838	S/ 1,974,931
[1]Mining concessions mainly include net acquisition costs of S/15,488,000 related to coal concessions acquired through a purchase option executed from 2011 to 2013. The caption also includes some concessions acquired by the Group for exploration activities related to the cement business. In previous years management recognized a full impairment related to the total net book value of a closed zinc mining unit which included concession costs, development costs and related facilities and equipment. From this impairment estimate, S/42,859,000 corresponds to concession costs. According to management´s expectation the recovery amount of this zinc mining unit is zero.[2]During 2022 and 2021, the Group capitalized borrowing costs by S/2,739,000 and S/103,000 mainly related with the Clinker Line Optimization project - Kiln 4 located in Pacasmayo. The rate used to determine the amount of borrowings costs eligible for capitalization was approximately 5.30 percent as of December 31, 2022, which is the effective rate of the borrowing the Group has as of such date. The amount of borrowing costs eligible for capitalization is determined by applying the capitalization rate to the capital expenditures incurred on qualifying assets.[3]Work in progress included in property, plant and equipment as of December 31, 2022 and 2021 is mainly related to complementary facilities of the cement plants.

Intangibles assets, net (Detail

Intangibles assets, net (Details) - Schedule of intangible assets - Exploration and evaluation assets [Member] - PEN (S/) S/ in Thousands		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2021
Cost [Member]
Schedule of intangible assets [Abstract]
Beginning balance		S/ 119,220			S/ 110,319
Additions		14,981			8,891
Disposals		(27)			(54)
Transfers		734			64
Ending balance		134,908		S/ 119,220	119,220
Accumulated amortization [Member]
Schedule of intangible assets [Abstract]
Beginning balance		35,257		27,210
Additions		8,862		8,101
Disposals				(54)
Transfers		3
Ending balance		44,122		35,257	35,257
Impairment of assets [Member]
Schedule of intangible assets [Abstract]
Beginning balance		33,469
Ending balance		33,925		33,469	33,469
Net Carrying Value [Member]
Schedule of intangible assets [Abstract]
Beginning balance		50,494
Ending balance		56,861		50,494	50,494
IT applications [Member] | Cost [Member]
Schedule of intangible assets [Abstract]
Beginning balance		41,423			34,271
Additions		14,564			7,152
Disposals		(27)
Transfers		107
Ending balance		56,067		41,423	41,423
IT applications [Member] | Accumulated amortization [Member]
Schedule of intangible assets [Abstract]
Beginning balance		18,025		13,344
Additions		5,833		4,681
Ending balance		23,858		18,025	18,025
IT applications [Member] | Impairment of assets [Member]
Schedule of intangible assets [Abstract]
Beginning balance
Ending balance		456
IT applications [Member] | Net Carrying Value [Member]
Schedule of intangible assets [Abstract]
Beginning balance		23,398
Ending balance		31,753		23,398	23,398
Finite life intangible [Member] | Cost [Member]
Schedule of intangible assets [Abstract]
Beginning balance		24,543			24,543
Disposals
Transfers
Ending balance		24,543		24,543	24,543
Finite life intangible [Member] | Accumulated amortization [Member]
Schedule of intangible assets [Abstract]
Beginning balance		8,165		5,710
Additions		2,454		2,455
Ending balance		10,619		8,165	8,165
Finite life intangible [Member] | Impairment of assets [Member]
Schedule of intangible assets [Abstract]
Beginning balance
Ending balance
Finite life intangible [Member] | Net Carrying Value [Member]
Schedule of intangible assets [Abstract]
Beginning balance		16,378
Ending balance		13,924		16,378	16,378
Indefinite life intangible [Member] | Cost [Member]
Schedule of intangible assets [Abstract]
Beginning balance		1,975			1,975
Disposals
Transfers
Ending balance		1,975		1,975	1,975
Indefinite life intangible [Member] | Accumulated amortization [Member]
Schedule of intangible assets [Abstract]
Beginning balance		71		71
Ending balance		71		71	71
Indefinite life intangible [Member] | Impairment of assets [Member]
Schedule of intangible assets [Abstract]
Beginning balance
Ending balance
Indefinite life intangible [Member] | Net Carrying Value [Member]
Schedule of intangible assets [Abstract]
Beginning balance		1,904
Ending balance		1,904		1,904	1,904
Exploration cost and mining evaluation [Member] | Cost [Member]
Schedule of intangible assets [Abstract]
Beginning balance	[1]	51,279			49,530
Additions		417	[1]		1,739
Disposals	[1]				(54)
Transfers	[1]	627			64
Ending balance	[1]	52,323		51,279	51,279
Exploration cost and mining evaluation [Member] | Accumulated amortization [Member]
Schedule of intangible assets [Abstract]
Beginning balance	[1]	8,996		8,085
Additions		575		965
Disposals	[1]			(54)
Transfers	[1]	3
Ending balance	[1]	9,574		8,996	8,996
Exploration cost and mining evaluation [Member] | Impairment of assets [Member]
Schedule of intangible assets [Abstract]
Beginning balance	[1]	33,469
Ending balance	[1]	33,469		33,469	33,469
Exploration cost and mining evaluation [Member] | Net Carrying Value [Member]
Schedule of intangible assets [Abstract]
Beginning balance	[1]	8,814
Ending balance	[1]	S/ 9,280		S/ 8,814	S/ 8,814
[1]As of December 31, 2022 and 2021, the exploration cost and mining evaluation include mainly capital expenditures related to the coal project and to other minor projects related to the cement business.

Goodwill (Details)

Goodwill (Details) - PEN (S/)	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Member]
Goodwill (Details) [Line Items]
Goodwill	S/ 4,459,000	S/ 4,459,000

Leases (Details)

Leases (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases (Details) [Line Items]
Lease term	5 years
Lease amount	S/ 1,527,000	S/ 1,419,000
Bottom of range [Member]
Leases (Details) [Line Items]
Percent of lease liability	5.20%
Top of range [Member]
Leases (Details) [Line Items]
Percent of lease liability	6.20%

Leases (Details) - Schedule of

Leases (Details) - Schedule of movement of the right of use assets recognized - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Net book value	S/ 3,639	S/ 4,668
Cost [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Beginning balance	7,756	7,542
Additions	613	217
Sales and/or retirement		(3)
Ending balance	8,369	7,756
Accumulated depreciation [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Beginning balance	3,088	1,536
Additions	1,642	1,552
Ending balance	4,730	3,088
Transportation Units [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Net book value	3,358	4,668
Transportation Units [Member] | Cost [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Beginning balance	7,721	7,504
Additions	306	217
Sales and/or retirement
Ending balance	8,027	7,721
Transportation Units [Member] | Accumulated depreciation [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Beginning balance	3,053	1,501
Additions	1,616	1,552
Ending balance	4,669	3,053
Other [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Net book value	281
Other [Member] | Cost [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Beginning balance	35	38
Additions	307
Sales and/or retirement		(3)
Ending balance	342	35
Other [Member] | Accumulated depreciation [Member]
Leases (Details) - Schedule of movement of the right of use assets recognized [Line Items]
Beginning balance	35	35
Additions	26
Ending balance	S/ 61	S/ 35

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of movement of the lease liabilities recognized - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Movement of the Lease Liabilities Recognized [Abstract]
Balance as of January 1	S/ 5,829	S/ 6,633
Additions	613	217
Financial interest expenses, note 26	317	383
Lease payments	(2,511)	(2,419)
Other	107	1,015
Balance as of December 31	4,355	5,829
Maturity
Current portion	2,005	1,856
Non-current portion	2,350	3,973
Balance as of December 31	S/ 4,355	S/ 5,829

Trade and other payables (Detai

Trade and other payables (Details) - Schedule of trade and other payables - PEN (S/) S/ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Schedule Of Trade And Other Payables Abstract
Trade payables	[1]	S/ 159,096	S/ 111,336
Interest payable	[2]	26,611	29,871
Remuneration payable		19,735	20,835
Advances from customers		14,702	14,668
Accounts payable related to the acquisition of property, plant and equipment, note 10(e)		14,560	7,615
Taxes and contributions		11,347	8,638
Dividends payable, note 18(g)		9,764	9,550
Hedge finance cost payable		5,978	6,213
Board of Directors’ fees		5,191	5,615
Guarantee deposits		4,127	4,645
Account payable to the principal and affiliates, note 27		2,686	143
Other accounts payable		10,757	8,425
Trade and other payables		S/ 284,554	S/ 227,554
[1]Trade accounts payable result from the purchases of material, services and supplies for the Group’s operations, and mainly correspond to invoices payable to domestic suppliers. Trade payables are non-interest bearing and are normally settled on 60 to 120 days term.[2]Interest payable is normally settled semiannually throughout the financial year.

Provisions (Details)

Provisions (Details)	Dec. 31, 2022	Dec. 31, 2021
Worker' Profit-Sharing [Member]
Provisions (Details) [Line Items]
Percentage of distributions based on number of days working in preceding year	50%
Percentage of proportionate annual salary levels	50%
Worker' Profit-Sharing [Member] | Bottom of range [Member]
Provisions (Details) [Line Items]
Percentage of employee profit sharing plan	8%
Worker' Profit-Sharing [Member] | Top of range [Member]
Provisions (Details) [Line Items]
Percentage of employee profit sharing plan	10%
Rehabilitation Provision [Member] | Bottom of range [Member]
Provisions (Details) [Line Items]
Risk-free discount rate percentage	0.54%	0.12%
Rehabilitation Provision [Member] | Top of range [Member]
Provisions (Details) [Line Items]
Risk-free discount rate percentage	4.14%	1.94%

Provisions (Details) - Schedule

Provisions (Details) - Schedule of provisions - PEN (S/) S/ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Provisions (Details) - Schedule of provisions [Line Items]
Beginning Balance	S/ 60,908	S/ 34,721
Ending Balance	78,971	60,908
Current portion	31,333	24,269
Non-current portion	47,638	36,639
Provisions	78,971	60,908
Additions (b), note 23	41,801	34,928
Exchange difference	(495)	1,060
Unwinding of discounts, note 26	1,291	735
Change in estimate	2,745	(260)
Payments and advances	(27,279)	(10,276)
Workers’ profit-sharing [Member]
Provisions (Details) - Schedule of provisions [Line Items]
Beginning Balance	24,269	9,380
Ending Balance	31,333	24,269
Current portion	31,333	24,269
Provisions	31,333	24,269
Additions (b), note 23	32,161	25,165
Exchange difference
Unwinding of discounts, note 26
Change in estimate
Payments and advances	(25,097)	(10,276)
Long-term incentive plan [Member]
Provisions (Details) - Schedule of provisions [Line Items]
Beginning Balance	22,513	12,090
Ending Balance	31,985	22,513
Current portion
Non-current portion	31,985	22,513
Provisions	31,985	22,513
Additions (b), note 23	8,272	9,763
Exchange difference
Unwinding of discounts, note 26	1,200	660
Change in estimate
Payments and advances
Quarry Rehabilitation provision [Member]
Provisions (Details) - Schedule of provisions [Line Items]
Beginning Balance	11,036	10,161
Ending Balance	13,377	11,036
Current portion
Non-current portion	13,377	11,036
Provisions	13,377	11,036
Additions (b), note 23
Exchange difference	(495)	1,060
Unwinding of discounts, note 26	91	75
Change in estimate	2,745	(260)
Payments and advances
Provision of legal contingencies [Member]
Provisions (Details) - Schedule of provisions [Line Items]
Beginning Balance	3,090	3,090
Ending Balance	2,276	3,090
Current portion
Non-current portion	2,276	3,090
Provisions	2,276	3,090
Additions (b), note 23	1,368
Exchange difference
Unwinding of discounts, note 26
Change in estimate
Payments and advances	S/ (2,182)

Provisions (Details) - Schedu_2

Provisions (Details) - Schedule of workers’ profit sharing - PEN (S/) S/ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Workers Profit Sharing [Abstract]
Cost of sales, note 23	S/ 15,165	S/ 13,887
Administrative expenses, note 23	12,520	8,935
Selling and distribution expenses, note 23	3,287	2,227
Investment	1,189	116
Working profit	S/ 32,161	S/ 25,165

Financial Obligations (Details)

Financial Obligations (Details)

1 Months Ended

12 Months Ended

Aug. 06, 2021

Jul. 01, 2021 PEN (S/)

Jan. 08, 2019

Feb. 01, 2013 PEN (S/)

Feb. 01, 2013 USD ($)

Nov. 26, 2018

Dec. 31, 2022 PEN (S/)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 PEN (S/)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 PEN (S/)

Dec. 31, 2021 USD ($)

Financial Obligations (Details) [Line Items]

Company loans

S/ 110,000,000

$ 300,000,000

Percent of annual effective interest rate

1.55%

4.50%

Maturity date

Dec. 23, 2022

Total net proceeds

S/ 762,067,000

$ 293,646,000

Description of senior notes

The General Shareholders’ Meeting held on January 8, 2019, approved the issuance of Senior Notes denominated in Soles in the local market up to the maximum amount of S/1,000,000,000 through the Second Corporate Bonds Program of Pacasmayo, whose purpose was to settle the mid-term loans described in the previous paragraph. On January 31, 2019, senior notes were issued for: i) S/260,000,000 at a rate of 6.688 percent per year and maturity of 10 years and; ii) S/310,000,000 at a rate of 6.844 percent per year and maturity of 15 years.

the Company acquired Senior Notes totaling US$168,388,000. Consequently, the Senior Notes balance in US dollars was US$131,612,000, in periods as of December 31, 2022 and 2021. To finance this acquisition, the Company issued medium-term promissory notes from Banco de Crédito del Perú (bridge loans) for a total of S/580,769,000, which were canceled with the issuance of the Senior Notes denominated in Soles in January 2019, as explained below.

On the other hand, as a consequence of the purchase of the Senior Notes denominated in US dollars, the Company’s Management considers that it was not necessary to continue with all the derivative financial instruments that were previously used to hedge those liabilities. For this reason, during December 2018, the Company settled US$150,000,000 of a total of US$300,000,000 nominal amount of derivatives then outstanding. In 2021, the Company settled derivative financial instruments of negotiation recognized at fair value through profit or loss for US$18,000,000. The loss obtained from this settlement amounted to approximately S/1,569,000, which was presented in cumulative net loss on settlement of derivative financial instruments caption from the consolidated statement of profit and loss for the year ended December 31, 2021, see note 31(a).

On the other hand, as a consequence of the purchase of the Senior Notes denominated in US dollars, the Company’s Management considers that it was not necessary to continue with all the derivative financial instruments that were previously used to hedge those liabilities. For this reason, during December 2018, the Company settled US$150,000,000 of a total of US$300,000,000 nominal amount of derivatives then outstanding. In 2021, the Company settled derivative financial instruments of negotiation recognized at fair value through profit or loss for US$18,000,000. The loss obtained from this settlement amounted to approximately S/1,569,000, which was presented in cumulative net loss on settlement of derivative financial instruments caption from the consolidated statement of profit and loss for the year ended December 31, 2021, see note 31(a).

Derivative contracts | $

$ 132,000,000

$ 132,000,000

Description of financial covenants ratio

The financial covenants related to the Senior Notes denominated US dollars and soles state that if the Company and its guarantor subsidiaries issue debt or equity instruments, merges with another company or dispose or rents significant assets, the Senior Notes will trigger the following financial covenants, calculated based on the Company and Guarantee Subsidiaries annual consolidated financial statements:  -A fixed charge covenant ratio of at least 2.5 to 1.  -A consolidated debt-to-EBITDA ratio of no greater than 3.5 to 1.

The financial covenants related to the Senior Notes denominated US dollars and soles state that if the Company and its guarantor subsidiaries issue debt or equity instruments, merges with another company or dispose or rents significant assets, the Senior Notes will trigger the following financial covenants, calculated based on the Company and Guarantee Subsidiaries annual consolidated financial statements:  -A fixed charge covenant ratio of at least 2.5 to 1.  -A consolidated debt-to-EBITDA ratio of no greater than 3.5 to 1.

Profit or loss

S/ 176,828,000

S/ 153,170,000

S/ 57,894,000

Description of Medium-term Corporate Loan under

the Company established the conditions of a medium-term corporate loan under “Club Deal” modality with Banco de Crédito del Perú S.A. and Scotiabank Perú S.A.A. The loan amounts to S/860,000,000 that will allow the payment of all the financial obligations that the Company maintains with a maturity until February 2023 and will be disbursed based on the maturity of each of these obligations. The disbursements amounted to S/449,000,000 and were made during 2022 and were used to pay the loans mentioned in section (b). The loan conditions include a grace / availability period of 18 months from August 6 and a payment term of 7 years from the last disbursement, which is estimated for the Company estimates will occur in February 2023. Since that date, the loan will be paid in 22 equal quarterly installments and has an annual interest rate of 5.82 percent.As part of the loan conditions, the Company has assumed the following obligations:  I.Comply with the following financial covenants:   a.Debt Ratio (Financial Debt / EBITDA) <= 3.50x     b.Debt Service Coverage Ratio (FCSD / SD)> = 1.15x     c.Debt Service Coverage Ratio (EBITDA / SD) = 1.50x  These financial safeguards will be calculated and verified at the end of each calendar quarter, considering the information of the consolidated financial statements of the Company for the last 12 months, prepared in accordance with IFRS.

Financial guarantee contracts [member]

Financial Obligations (Details) [Line Items]

Profit or loss

S/ 60,225,000

63,333,000

S/ 60,857,000

Due on January 2022 [Member]

Financial Obligations (Details) [Line Items]

Company loans

S/ 79,500,000

Percent of annual effective interest rate

2.62%

2.62%

Due on July 2022 [Member]

Financial Obligations (Details) [Line Items]

Percent of annual effective interest rate

1.80%

1.80%

Company maintains loans | $

$ 18,000,000

Financial Obligations (Detail_2

Financial Obligations (Details) - Schedule of financial obligations - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Short -term promissory notes (b)
Promissory notes, Total current	S/ 76,000	S/ 450,964
Senior Notes (c)
Promissory notes, total non current	1,593,171	1,545,355
Maturity
Promissory notes, Total current	1,593,171	1,545,355
Current Portion [Member]
Maturity
Promissory notes, Total current	618,907	450,964
Non-current Portion [Member]
Maturity
Promissory notes, Total current	974,264	1,094,391
Senior notes [Member]
Senior Notes (c)
Promissory notes, total non current	1,071,781	1,094,391
Short and long-term Corporate Loan [Member]
Senior Notes (c)
Promissory notes, total non current	S/ 445,390
December 18,2023 [Member] | Banco de Crédito del Perú [Member]
Short -term promissory notes (b)
Currency	S/
Nominal interest rate	8.93%
Maturity	December 18,2023
Promissory notes, Total current	S/ 38,000
December 18,2023 One [Member] | Banco de Crédito del Perú [Member]
Short -term promissory notes (b)
Currency	S/
Nominal interest rate	8.93%
Maturity	December 18,2023
Promissory notes, Total current	S/ 38,000
July 8,2022 [Member] | Banco de Crédito del Perú [Member]
Short -term promissory notes (b)
Currency	US$
Nominal interest rate	1.80%
Maturity	July 8,2022
Promissory notes, Total current		71,964
January 10, 2022 [Member] | Banco de Crédito del Perú [Member]
Short -term promissory notes (b)
Currency	S/
Nominal interest rate	2.62%
Maturity	January 10, 2022
Promissory notes, Total current		79,500
January 10, 2022 One [Member] | Banco de Crédito del Perú [Member]
Short -term promissory notes (b)
Currency	S/
Nominal interest rate	2.62%
Maturity	January 10, 2022
Promissory notes, Total current		79,500
December 23, 2022 [Member] | Banco de Crédito del Perú [Member]
Short -term promissory notes (b)
Currency	S/
Nominal interest rate	1.55%
Maturity	December 23, 2022
Promissory notes, Total current		110,000
December 23, 2022 One [Member] | Banco de Crédito del Perú [Member]
Short -term promissory notes (b)
Currency	S/
Nominal interest rate	1.55%
Maturity	December 23, 2022
Promissory notes, Total current		110,000
February 8, 2023 [Member] | Senior notes [Member]
Senior Notes (c)
Currency	US$
Nominal interest rate	4.50%
Maturity	February 8, 2023
Promissory notes, total non current	S/ 502,699	525,420
February 1, 2029 [Member] | Senior notes [Member]
Senior Notes (c)
Currency	S/
Nominal interest rate	6.69%
Maturity	February 1, 2029
Promissory notes, total non current	S/ 259,625	259,563
February 1, 2034 [Member] | Senior notes [Member]
Senior Notes (c)
Currency	S/
Nominal interest rate	6.84%
Maturity	February 1, 2034
Promissory notes, total non current	S/ 309,457	309,408
December 1,2028 [Member] | Short and long-term Corporate Loan [Member] | Banco de Crédito del Perú [Member]
Senior Notes (c)
Currency	S/
Nominal interest rate	5.82%
Maturity	December 1,2028
Promissory notes, total non current	S/ 222,695
December 1,2028 [Member] | Short and long-term Corporate Loan [Member] | Scotiabank [Member]
Senior Notes (c)
Currency	S/
Nominal interest rate	5.82%
Maturity	December 1,2028
Promissory notes, total non current	S/ 222,695

Deferred Income Tax Assets an_3

Deferred Income Tax Assets and Liabilities (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred Income Tax Assets and Liabilities (Details) [Line Items]
Income tax relating to components of other comprehensive income	S/ 966,000	S/ 5,557,000	S/ 5,659,000
Tax loss carryforward	25,424,000	24,085,000
Other Temporary Differences [Member]
Deferred Income Tax Assets and Liabilities (Details) [Line Items]
Increase (decrease) in deferred tax liability (asset)	S/ 104,842,000	S/ 83,079,000

Deferred Income Tax Assets an_4

Deferred Income Tax Assets and Liabilities (Details) - Schedule of deferred income tax assets and liabilities - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Effect on profit or loss	S/ 7,694	S/ 445
Effect on OCI	(966)	(5,557)
Provision for vacations [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	1,905	1,570
Effect on profit or loss	196	335
Effect on OCI
Ending balance	2,101	1,905
Additions quarry rehabilitation provision
Provision for vacations [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	3,681	3,258
Effect on profit or loss	203	423
Effect on OCI
Ending balance	3,884	3,681
Additions quarry rehabilitation provision
Allowance for expected credit losses for trade receivables [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	1,533	1,457
Effect on profit or loss	555	76
Effect on OCI
Ending balance	2,088	1,533
Additions quarry rehabilitation provision
Provision of discounts and bonuses to customers [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	2,227	2,457
Effect on profit or loss	(448)	(230)
Effect on OCI
Ending balance	1,779	2,227
Additions quarry rehabilitation provision
Lease liabilities [member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	819	892
Effect on profit or loss	(119)	(87)
Effect on OCI		14
Ending balance	700	819
Additions quarry rehabilitation provision
Lease liabilities [member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	450	450
Effect on profit or loss	(240)
Effect on OCI
Ending balance	210	450
Additions quarry rehabilitation provision
Effect of tax-loss carry forward [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	1,711	9,270
Effect on profit or loss	(1,018)	(7,559)
Effect on OCI
Ending balance	693	1,711
Additions quarry rehabilitation provision
Legal claim contingency [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	461	461
Effect on profit or loss
Effect on OCI
Ending balance	461	461
Additions quarry rehabilitation provision
Legal claim contingency [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	930	1,065
Effect on profit or loss	(502)	(135)
Effect on OCI
Ending balance	428	930
Additions quarry rehabilitation provision
Estimate for devaluation of spare parts and supplies [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	432	431
Effect on profit or loss	3	1
Effect on OCI
Ending balance	435	432
Additions quarry rehabilitation provision
Effect of differences between book and tax bases of fixed assets and in the depreciation rates used for book purposes [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	300	227
Effect on profit or loss	89	73
Effect on OCI
Ending balance	389	300
Additions quarry rehabilitation provision
Effect of differences between book and tax bases of inventories [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	55	55
Effect on profit or loss
Effect on OCI
Ending balance	55	55
Additions quarry rehabilitation provision
Allowance for expected credit losses for other receivables [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	974	974
Effect on profit or loss	(974)
Effect on OCI
Ending balance		974
Additions quarry rehabilitation provision
Other [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	604	63
Effect on profit or loss	290	555
Effect on OCI		(14)
Ending balance	894	604
Additions quarry rehabilitation provision
Total Deferred income tax assets [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	11,021	17,857
Effect on profit or loss	(1,426)	(6,836)
Effect on OCI
Ending balance	9,595	11,021
Additions quarry rehabilitation provision
Right-of-use assets [member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	(648)	(809)
Effect on profit or loss	88	178
Effect on OCI		(17)
Ending balance	(560)	(648)
Additions quarry rehabilitation provision
Right-of-use assets [member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	(746)	(963)
Effect on profit or loss	354	217
Effect on OCI
Ending balance	(392)	(746)
Additions quarry rehabilitation provision
Effect of differences between book and tax bases of fixed assets and in the depreciation rates used for book purposes [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	(944)	(1,430)
Effect on profit or loss	897	486
Effect on OCI
Ending balance	(47)	(944)
Additions quarry rehabilitation provision
Other [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	17
Effect on profit or loss
Effect on OCI		17
Ending balance	17	17
Additions quarry rehabilitation provision
Total Deferred income tax liabilities [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	(1,575)	(2,239)
Effect on profit or loss	985	664
Effect on OCI
Ending balance	(590)	(1,575)
Additions quarry rehabilitation provision
Total Deferred Income Tax Assets, Net [Member] | Movement of deferred income tax assets [Member]
Deferred income tax assets
Beginning balance	9,446	15,618
Effect on profit or loss	(441)	(6,172)
Effect on OCI
Ending balance	9,005	9,446
Additions quarry rehabilitation provision
Impairment on brine project assets Salmueras [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	17,818	17,563
Effect on profit or loss	212	255
Effect on OCI
Ending balance	18,030	17,818
Additions quarry rehabilitation provision
Long-term incentive plan [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	6,641	3,566
Effect on profit or loss	2,794	3,075
Effect on OCI
Ending balance	9,435	6,641
Additions quarry rehabilitation provision
Impairment of mining assets [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	6,704	6,916
Effect on profit or loss	951	(212)
Effect on OCI
Ending balance	7,655	6,704
Additions quarry rehabilitation provision
Financial instruments designated at fair value through OCI [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	6,640	6,051
Effect on profit or loss
Effect on OCI	167	589
Ending balance	6,807	6,640
Additions quarry rehabilitation provision
Provision for spare parts and supplies obsolescence [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	5,708	5,381
Effect on profit or loss	216	327
Effect on OCI
Ending balance	5,924	5,708
Additions quarry rehabilitation provision
Quarry rehabilitation provision [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	2,726	2,781
Effect on profit or loss	27	(55)
Effect on OCI
Ending balance	3,563	2,726
Additions quarry rehabilitation provision	810
Allowance for expected credit losses for trade receivables [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	635	101
Effect on profit or loss	18	534
Effect on OCI
Ending balance	653	635
Additions quarry rehabilitation provision
Other [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	328	275
Effect on profit or loss		53
Effect on OCI
Ending balance	328	328
Additions quarry rehabilitation provision
Total Deferred income tax assets [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	52,261	47,407
Effect on profit or loss	3,679	4,265
Effect on OCI	167	589
Ending balance	56,917	52,261
Additions quarry rehabilitation provision	810
Effect of differences between book and tax bases of fixed assets and in the depreciation rates used for book purposes [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	(190,178)	(192,544)
Effect on profit or loss	3,752	2,366
Effect on OCI
Ending balance	(187,236)	(190,178)
Additions quarry rehabilitation provision	(810)
Net gain on cash flow hedge [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	(7,414)	(2,952)
Effect on profit or loss	36	1,684
Effect on OCI	(1,133)	(6,146)
Ending balance	(8,511)	(7,414)
Additions quarry rehabilitation provision
Effect of costs of issuance of senior notes [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	(2,685)	(770)
Effect on profit or loss	314	(1,915)
Effect on OCI
Ending balance	(2,371)	(2,685)
Additions quarry rehabilitation provision
Other [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	(42)	(42)
Effect on profit or loss
Effect on OCI
Ending balance	(42)	(42)
Additions quarry rehabilitation provision
Total Deferred income tax liabilities [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	(201,065)	(197,271)
Effect on profit or loss	4,456	2,352
Effect on OCI	(1,133)	(6,146)
Ending balance	(198,552)	(201,065)
Additions quarry rehabilitation provision	(810)
Total deferred income tax liabilities, net [Member] | Movement of deferred income tax liabilities [Member]
Deferred income tax assets
Beginning balance	(148,804)	(149,864)
Effect on profit or loss	8,135	6,617
Effect on OCI	(966)	(5,557)
Ending balance	(141,635)	S/ (148,804)
Additions quarry rehabilitation provision

Deferred Income Tax Assets an_5

Deferred Income Tax Assets and Liabilities (Details) - Schedule of reconciliation between tax expenses and the product - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Reconciliation Between Tax Expenses And The Product Abstract
Profit before income tax	S/ 262,420	S/ 224,110	S/ 85,898
Income tax expense calculated at the statutory income tax rate of 29.5%	(77,414)	(66,112)	(25,340)
Permanent differences
Non-deductible expenses, net	(7,415)	(4,070)	(1,596)
Effect of tax-loss carry forward not recognized	(763)	(758)	(1,068)
Income tax expense the effective income tax rate of 33% in 2022 (2021: 32% and 2020: 33%)	S/ (85,592)	S/ (70,940)	S/ (28,004)

Deferred Income Tax Assets an_6

Deferred Income Tax Assets and Liabilities (Details) - Schedule of income tax expenses - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Income Tax Expenses Abstract
Current	S/ (93,286)	S/ (71,385)	S/ (25,779)
Deferred	7,694	445	(2,225)
Income tax expense	S/ (85,592)	S/ (70,940)	S/ (28,004)

Deferred Income Tax Assets an_7

Deferred Income Tax Assets and Liabilities (Details) - Schedule of composition of deferred income tax - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Composition Of Deferred Income Tax Abstract
Tax effect on unrealized gain on available-for-sale financial asset	S/ 167	S/ 589	S/ 5,172
Tax effect on unrealized gain (loss) on hedging derivative financial asset	(1,133)	(6,146)	487
Total deferred income tax in OCI	S/ (966)	S/ (5,557)	S/ 5,659

Equity (Details)

Equity (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Equity (Details) [Line Items]
Share capital authorized	423,868,449	423,868,449
Total outstanding shares	34,060,726	34,252,841
Nominal value per share (in Nuevos Soles per share)		S/ 1
Number of investment shares acquired	36,040,497	36,040,497
Value of investment shares acquired (in Nuevos Soles)	S/ 121,258,000	S/ 121,258,000
Additional paid in capitals (in Nuevos Soles)	S/ 432,779,000	432,779,000
Distributable earnings, percentage	10%
Percentage of capital	20%
Dividends payable (in Nuevos Soles)	S/ 9,764,000	S/ 9,550,000
Investment shares [Member]
Equity (Details) [Line Items]
Investment shares subscribed and fully paid	40,278,894	40,278,894
Lima Stock Exchange [Member]
Equity (Details) [Line Items]
Total outstanding shares	389,807,723	389,615,608
Number of investment shares acquired	928,000
Issuance of common shares	111,484,000

Equity (Details) - Schedule of

Equity (Details) - Schedule of equity distribution - PEN (S/) S/ / shares in Units, S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Distribution [Abstract]
Approval date by Board of Directors	Oct. 10, 2022	Apr. 29, 2021	Nov. 16, 2020
Declared dividends per share to be paid in cash S/.	S/ 0.42	S/ 0.79	S/ 0.23
Declared dividends	S/ 179,805	S/ 338,204	S/ 98,465

Sales of Goods (Details) - Sche

Sales of Goods (Details) - Schedule of sales of goods - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segments
Sale of cement, concrete, mortar and precast	S/ 1,963,826	S/ 1,784,487	S/ 1,185,186
Sale of construction supplies	114,024	113,905	78,192
Sale of quicklime	37,858	39,141	32,473
Sale of other	38	234	483
Total sales of goods	2,115,746	1,937,767	1,296,334
Moment of the revenue recognition
Goods transferred at a point in time	2,115,746	1,937,767	1,296,334
Cement [Member]
Segments
Sale of cement, concrete, mortar and precast	1,742,704	1,534,867	1,023,907
Sale of construction supplies
Sale of quicklime
Sale of other
Total sales of goods	1,742,704	1,534,867	1,023,907
Moment of the revenue recognition
Goods transferred at a point in time	1,742,704	1,534,867	1,023,907
Concrete [Member]
Segments
Sale of cement, concrete, mortar and precast	189,945	213,565	126,135
Sale of construction supplies
Sale of quicklime
Sale of other
Total sales of goods	189,945	213,565	126,135
Moment of the revenue recognition
Goods transferred at a point in time	189,945	213,565	126,135
Precast [Member]
Segments
Sale of cement, concrete, mortar and precast	31,177	36,055	35,144
Sale of construction supplies
Sale of quicklime
Sale of other
Total sales of goods	31,177	36,055	35,144
Moment of the revenue recognition
Goods transferred at a point in time	31,177	36,055	35,144
Quicklime [Member]
Segments
Sale of cement, concrete, mortar and precast
Sale of construction supplies
Sale of quicklime	37,858	39,141	32,473
Sale of other
Total sales of goods	37,858	39,141	32,473
Moment of the revenue recognition
Goods transferred at a point in time	37,858	39,141	32,473
Construction supplies [Member]
Segments
Sale of cement, concrete, mortar and precast
Sale of construction supplies	114,024	113,905	78,192
Sale of quicklime
Sale of other
Total sales of goods	114,024	113,905	78,192
Moment of the revenue recognition
Goods transferred at a point in time	114,024	113,905	78,192
Other [Member]
Segments
Sale of cement, concrete, mortar and precast
Sale of construction supplies
Sale of quicklime
Sale of other	38	234	483
Total sales of goods	38	234	483
Moment of the revenue recognition
Goods transferred at a point in time	S/ 38	S/ 234	S/ 483

Cost of Sales (Details) - Sched

Cost of Sales (Details) - Schedule of cost of sales - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Cost Of Sales Abstract
Beginning balance of goods and finished products	S/ 25,304	S/ 12,877	S/ 22,133
Beginning balance of work in progress	135,008	114,246	166,999
Consumption of miscellaneous supplies	622,579	566,781	295,688
Maintenance and third-party services	277,250	242,412	147,282
Shipping costs	201,849	196,064	113,054
Depreciation and amortization	121,871	118,998	122,541
Personnel expenses, note 23(b)	125,683	113,513	89,805
Costs of packaging	81,023	71,580	45,032
Other manufacturing expenses	80,122	102,177	45,637
Ending balance of goods and finished products	(20,037)	(25,304)	(12,877)
Ending balance of work in progress	(186,937)	(135,008)	(114,246)
Total cost of sales	S/ 1,463,715	S/ 1,378,336	S/ 921,048

Administrative Expenses (Detail

Administrative Expenses (Details) - Schedule of administrative expenses - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Administrative Expenses Abstract
Personnel expenses, note 23(b)	S/ 116,748	S/ 96,891	S/ 76,291
Third-party services	72,172	59,896	48,713
Depreciation and amortization	16,667	16,569	16,626
Donations	8,494	9,067	9,188
Board of Directors compensation	6,112	6,397	5,992
Taxes	5,669	5,563	5,262
Consumption of supplies	1,715	1,686	1,297
Total administrative expenses	S/ 227,577	S/ 196,069	S/ 163,369

Selling and Distribution Expe_3

Selling and Distribution Expenses (Details) - Schedule of selling and distribution expenses - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Selling And Distribution Expenses Abstract
Personnel expenses, note 23(b)	S/ 42,300	S/ 33,867	S/ 26,283
Third-party services	11,106	9,733	7,326
Advertising and promotion	6,417	5,637	3,285
Allowance for expected credit losses, note 7(d)	1,972	563	1,582
Other	3,442	1,720	1,677
Total selling and distribution expenses	S/ 65,237	S/ 51,520	S/ 40,153

Employee Benefits Expenses (Det

Employee Benefits Expenses (Details) - Schedule of employee benefits expenses - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Employee Benefits Expenses Abstract
Wages and salaries	S/ 165,530	S/ 138,675	S/ 115,630
Social contributions	32,966	28,842	26,085
Workers ‘profit sharing, note 15	30,972	25,049	9,513
Legal bonuses	20,556	19,620	17,413
Vacations	18,481	18,032	16,301
Long-term compensation, note 15	8,272	9,763	5,759
Cessation payments	4,511	2,203	858
Training	2,307	1,408	476
Other	1,136	679	344
Total employee benefits expenses	S/ 284,731	S/ 244,271	S/ 192,379

Employee Benefits Expenses (D_2

Employee Benefits Expenses (Details) - Schedule of allocation of employee benefits expenses - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Allocation Of Employee Benefits Expenses Abstract
Cost of sales, note 20	S/ 125,683	S/ 113,513	S/ 89,805
Administrative expenses, note 21	116,748	96,891	76,291
Selling and distribution expenses, note 22	42,300	33,867	26,283
Total employee benefits expenses	S/ 284,731	S/ 244,271	S/ 192,379

Other Operating Income (Expen_3

Other Operating Income (Expense), Net (Details) - Schedule of other operating income (expense) - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Other Operating Income Expense Abstract
Rentals to third parties	S/ 1,694	S/ 2,328	S/ 649
Income from land rental and office lease, note 27	1,508	1,639	1,859
Net gain (loss) on disposal of property, plant and equipment and intangible	591	1,775	2,591
Recovery of expenses	204	491	1,166
Income from management and administrative services provided to related parties, note 27	198	305	834
Expenses to counteract the COVID-19 effect, note 1.1			(2,642)
Other, net	(8,094)	(130)	(111)
Total other operating income (expense), net	S/ (3,899)	S/ 6,408	S/ 4,346

Finance Income (Details) - Sche

Finance Income (Details) - Schedule of finance income - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Finance Income Abstract
Interest on term deposits	S/ 1,884	S/ 834	S/ 2,243
Interest on accounts receivable	1,090	898	204
Tax interest		1,015
Other finance income	332	144	529
Total finance income	S/ 3,306	S/ 2,891	S/ 2,976

Finance Costs (Details) - Sched

Finance Costs (Details) - Schedule of finance costs - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Finance Costs Abstract
Interest on senior notes, note 16 (c)	S/ 60,225	S/ 63,333	S/ 60,857
Finance cost on cross currency swaps	15,155	15,046	16,144
Interest on promissory notes	14,920	7,326	8,298
Expenses for the purchase and amortization of issuance costs of senior notes	1,027	815	816
Interest on lease liabilities	317	383	409
Counterparty credit risk in cross currency swaps	62	848	542
Interest for bank overdraft			802
Commission for prepayment of loans			325
Other	2,108	479	74
Total interest expense	93,814	88,230	88,267
Unwinding of discount of provisions, note 15	1,291	735	427
Total finance costs	S/ 95,105	S/ 88,965	S/ 88,694

Related Parties (Details)

Related Parties (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Related Party Text Block Abstract
Short-term compensations	S/ 26,066,000	S/ 22,678,000	S/ 21,859,000
Total long-term compensations	S/ 8,272,000	S/ 9,763,000	S/ 5,759,000

Related Parties (Details) - Sch

Related Parties (Details) - Schedule of transactions with its parent company Inversiones ASPI S.A. and its affiliates - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Inversiones ASPI S.A. (ASPI) [Member]
Parent
Income from office lease	S/ 16	S/ 20	S/ 17
Fees for management and administrative services	100	98	88
Compañía Minera Ares S.A.C. (Ares) [Member]
Parent
Income from land lease, note 29	1,200	1,230	1,303
Income from office lease	244	332	478
Fossal S.A.A. (Fossal) [Member]
Parent
Income from office lease	16	18	19
Fees for management and administrative services	52	52	48
Fosfatos del Pacífico S.A. (Fospac)e [Member]
Parent
Income from office lease	16	19	24
Fees for management and administrative services	46	155	698
Asociación Sumac Tarpuy [Member]
Parent
Income from office lease	16	20	18
Expense [Member]
Other related parties
Security services provided by Compañía Minera Ares S.A.C.	S/ (2,110)	(2,836)	(1,912)
Loans to Fossal S.A.A. [Member]
Other related parties
Loans		(14,252)
Loans to Fosfatos del Pacífico S.A. [Member]
Other related parties
Loans		(2,869)
Loan collection from Fossal S.A.A. [Member]
Other related parties
Loans		14,252
Loan collection from Fosfatos del Pacífico S.A. [Member]
Other related parties
Loans		S/ 2,869

Related Parties (Details) - S_2

Related Parties (Details) - Schedule of rights and obligations - PEN (S/) S/ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Parent
Accounts receivable	S/ 1,858	S/ 1,314
Accounts payable	2,686	143
Inversiones ASPI S.A. [Member]
Parent
Accounts payable	5	105
Parent [member]
Parent
Accounts payable	5	105
Fosfatos del Pacífico S.A. [Member]
Parent
Accounts receivable	1,123	1,039
Accounts payable	461	37
Compañía Minera Ares S.A.C. [Member]
Parent
Accounts receivable	564	199
Accounts payable	2,220
Fossal S.A. [Member]
Parent
Accounts receivable	75	12
Other [Member]
Parent
Accounts receivable	96	64
Accounts payable		1
Other related parties [member]
Parent
Accounts receivable	1,858	1,314
Accounts payable	S/ 2,681	S/ 38

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of basic and diluted earnings per share - PEN (S/) S/ / shares in Units, S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator
Profit for the year (S/000)	S/ 176,828	S/ 153,170	S/ 57,894
Denominator
Weighted average number of common and investment shares (thousands of shares)	428,107	428,107	428,107
Basic and diluted earnings per share (S/)	S/ 0.41	S/ 0.36	S/ 0.14

Earnings Per Share (Details) _2

Earnings Per Share (Details) - Schedule of basic and diluted earnings per share (Parentheticals) - S/ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Basic And Diluted Earnings Per Share Abstract
Diluted earnings per share (S/)	S/ 0.41	S/ 0.36	S/ 0.14

Commitments and Contingencies_2

Commitments and Contingencies (Details)	12 Months Ended
	Dec. 31, 2022 PEN (S/)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PEN (S/)	Dec. 31, 2020 PEN (S/)
Commitments and Contingencies (Details) [Line Items]
Annual rent	S/ 1,200,000		S/ 1,230,000	S/ 1,303,000
Agreement of maturity term	30 years	30 years
Fixed annual payments (in Dollars) | $		$ 600,000
Related expense	S/ 9,445,000		7,280,000	5,918,000
Mining royalty, description	As consequence, the Group made payments amounting to US$250,000 for each third party for the first five years and variable payments for the rest of the contract. The related expense as of December 31, 2022 and 2021 amounted to S/1,582,000 and S/1,687,000, respectively, and were recognized as part of the cost of inventory production. As part of this agreement, the Company is required to pay an equivalent amount of US$5.1 to each third party for every metric ton of calcareous extracted, with the minimum production level for the calculation of 20,000 metric tons every six months following the beginning of the sixth year of production.	As consequence, the Group made payments amounting to US$250,000 for each third party for the first five years and variable payments for the rest of the contract. The related expense as of December 31, 2022 and 2021 amounted to S/1,582,000 and S/1,687,000, respectively, and were recognized as part of the cost of inventory production. As part of this agreement, the Company is required to pay an equivalent amount of US$5.1 to each third party for every metric ton of calcareous extracted, with the minimum production level for the calculation of 20,000 metric tons every six months following the beginning of the sixth year of production.
Royalty expense	S/ 1,193,000		990,000	S/ 555,000
Applicable tax rate				29.50%
Other provision	78,971,000,000		60,908,000,000	S/ 34,721,000,000
Received claims from third parties	3,447,000
Property tax assessment	S/ 596,000
Tax authority (in Dollars) | $		$ 4,000
Contingent Liability Arising From Post-Employment Benefit Obligations [Member]
Commitments and Contingencies (Details) [Line Items]
Agreement, description	As part of this agreement, the Company is required to pay an equivalent amount of S/4.5 for each metric ton of calcareous extracted that is indexed by inflation after the first year of exploitation; the annual royalty may not be less than the equivalent to 850,000 metric tons after the beginning of the fourth year of production.	As part of this agreement, the Company is required to pay an equivalent amount of S/4.5 for each metric ton of calcareous extracted that is indexed by inflation after the first year of exploitation; the annual royalty may not be less than the equivalent to 850,000 metric tons after the beginning of the fourth year of production.
Legal claim contingency	S/ 2,847,000
Rehabilitation Provision [Member]
Commitments and Contingencies (Details) [Line Items]
Other provision	S/ 13,377,000		S/ 11,036,000
Peruvian Government [Member]
Commitments and Contingencies (Details) [Line Items]
Description of annual royal payment	According with the Royalty Mining Law in force since October 1, 2011, the royalty for the exploitation of metallic and nonmetallic resources is payable on a quarterly basis in an amount equal to the greater of: (i) an amount determined in accordance with a statutory scale of rates based on operating profit margin that is applied to the quarterly operating profit, adjusted by certain items, and (ii) 1% of net sales, in each case during the applicable quarter.	According with the Royalty Mining Law in force since October 1, 2011, the royalty for the exploitation of metallic and nonmetallic resources is payable on a quarterly basis in an amount equal to the greater of: (i) an amount determined in accordance with a statutory scale of rates based on operating profit margin that is applied to the quarterly operating profit, adjusted by certain items, and (ii) 1% of net sales, in each case during the applicable quarter.
Bottom of Range [Member]
Commitments and Contingencies (Details) [Line Items]
Percentage of employee profit sharing plan	8%	8%
Top of Range [Member]
Commitments and Contingencies (Details) [Line Items]
Percentage of employee profit sharing plan	10%	10%

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of income tax and Value added tax corresponding to the years	12 Months Ended
	Dec. 31, 2022
Cementos Pacasmayo S.A.A. [Member]
Entity
Income tax	2018 - 2022
Value-added tax	Dec. 2018 - 2022
Cementos Selva S.A.C. [Member]
Entity
Income tax	2018 - 2022
Value-added tax	Dec. 2018 - 2022
Distribuidora Norte Pacasmayo S.R.L. [Member]
Entity
Income tax	2018 - 2022
Value-added tax	Dec. 2018 - 2022
Empresa de Transmisión Guadalupe S.A.C. [Member]
Entity
Income tax	2018 - 2022
Value-added tax	Dec. 2018 - 2022
Salmueras Sudamericanas S.A. [Member]
Entity
Income tax	2018 - 2022
Value-added tax	Dec. 2018 - 2022
Calizas del Norte S.A.C. (liquidated during 2022) [Member]
Entity
Income tax	2018 - 2022
Value-added tax	Dec. 2018 - 2022
Soluciones Takay S.A.C. [Member]
Entity
Income tax	2019 - 2022
Value-added tax	May to Dec.2019 - 2022

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of plans and related expenses - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies (Details) - Schedule of plans and related expenses [Line Items]
Year expense	S/ 1,109	S/ 1,011	S/ 552
Rioja [Member]
Commitments and Contingencies (Details) - Schedule of plans and related expenses [Line Items]
Resource	Limestone
Resolution Number	RD186-2014-PRODUCE/DVMYPE-I/DIGGAM
Year of approval	2014
Program approved	EIA
Year expense	S/ 810	713	315
Tembladera [Member]
Commitments and Contingencies (Details) - Schedule of plans and related expenses [Line Items]
Resource	Limestone
Resolution Number	RD304-18-PRODUCE/DVMYPE-I/DIGAAMI
Year of approval	2018
Program approved	PAMA
Year expense	S/ 299	S/ 298	S/ 237

Financial Risk Management, Ob_3

Financial Risk Management, Objectives and Policies (Details) - Trade receivables [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Customers that owed the Group more than S/3,000,000 [Member]
Financial Risk Management, Objectives and Policies (Details) [Line Items]
Number of customer	4	7
Percentage of entity's	23%	46%
Customers that owed the Group more than S/700,000 and less S/300,000 [Member]
Financial Risk Management, Objectives and Policies (Details) [Line Items]
Number of customer	27	22
Percentage of entity's	55%	34%

Financial Risk Management, Ob_4

Financial Risk Management, Objectives and Policies (Details) - Schedule of changes in the fair value of monetary assets and liabilities - Foreign Currency Risk [Member] - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in Exchange Rate +5 [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of changes in the fair value of monetary assets and liabilities [Line Items]
Change in US$ rate	5%	5%
Effect on consolidated profit before tax	S/ 1,638	S/ 7,695
Change in Exchange Rate +10 [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of changes in the fair value of monetary assets and liabilities [Line Items]
Change in US$ rate	10%	10%
Effect on consolidated profit before tax	S/ 3,276	S/ 15,391
Change in Exchange Rate -5 [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of changes in the fair value of monetary assets and liabilities [Line Items]
Change in US$ rate	(5.00%)	(5.00%)
Effect on consolidated profit before tax	S/ (1,638)	S/ (7,695)
Change in Exchange Rate -10 [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of changes in the fair value of monetary assets and liabilities [Line Items]
Change in US$ rate	(10.00%)	(10.00%)
Effect on consolidated profit before tax	S/ (3,276)	S/ (15,391)

Financial Risk Management, Ob_5

Financial Risk Management, Objectives and Policies (Details) - Schedule of maturity profile of the Group’s financial liabilities based on contractual undiscounted payments - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financial Risk Management, Objectives and Policies (Details) - Schedule of maturity profile of the Group’s financial liabilities based on contractual undiscounted payments [Line Items]
Financial obligations	S/ 1,509,290	S/ 1,435,254
Interest	414,132	387,505
Derivative financial instruments	7,473	23,463
Trade and other payables	273,208	218,916
Lease liabilities	4,355	5,829
Less than 3 months [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of maturity profile of the Group’s financial liabilities based on contractual undiscounted payments [Line Items]
Financial obligations	414,290	159,000
Interest	36,222	31,255
Derivative financial instruments	7,473	7,821
Trade and other payables	231,698	175,975
Lease liabilities	502	465
3 to 12 months [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of maturity profile of the Group’s financial liabilities based on contractual undiscounted payments [Line Items]
Financial obligations	116,818	291,964
Interest	45,282	35,147
Derivative financial instruments		7,821
Trade and other payables	41,510	42,941
Lease liabilities	1,503	1,391
1 to 5 years [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of maturity profile of the Group’s financial liabilities based on contractual undiscounted payments [Line Items]
Financial obligations	326,544	414,290
Interest	213,427	166,252
Derivative financial instruments		7,821
Trade and other payables
Lease liabilities	2,350	3,973
More than 5 years [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of maturity profile of the Group’s financial liabilities based on contractual undiscounted payments [Line Items]
Financial obligations	651,638	570,000
Interest	119,201	154,851
Derivative financial instruments
Trade and other payables
Lease liabilities

Financial Risk Management, Ob_6

Financial Risk Management, Objectives and Policies (Details) - Schedule of financial derivative instruments in the table below are the gross undiscounted cash flows - PEN (S/) S/ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial Risk Management, Objectives and Policies (Details) - Schedule of financial derivative instruments in the table below are the gross undiscounted cash flows [Line Items]
Inflows	S/ 88,968	S/ 125,537
Outflows	(1,627)	(17,603)
Net	87,341	107,934
Discounted at the applicable interbank rates	86,893	106,601
Less than 3 months [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of financial derivative instruments in the table below are the gross undiscounted cash flows [Line Items]
Inflows	88,968
Outflows	(1,627)	(1,703)
Net	87,341	(1,703)
Discounted at the applicable interbank rates	86,893	(1,695)
3 to 12 months [[Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of financial derivative instruments in the table below are the gross undiscounted cash flows [Line Items]
Inflows
Outflows		(7,908)
Net		(7,908)
Discounted at the applicable interbank rates		(7,716)
1 to 5 years [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of financial derivative instruments in the table below are the gross undiscounted cash flows [Line Items]
Inflows		125,537
Outflows		(7,992)
Net		117,545
Discounted at the applicable interbank rates		S/ 116,012

Financial Risk Management, Ob_7

Financial Risk Management, Objectives and Policies (Details) - Schedule of Changes in liabilities arising from financing activities - PEN (S/) S/ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Hedge finance cost payable [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of Changes in liabilities arising from financing activities [Line Items]
Beginning balance	S/ 6,213	S/ 6,381
Distribution of dividends
Finance cost on cross currency swaps	15,155	15,046
Cash inflow
Cash outflow	(15,390)	(15,214)
Movement of foreign currency
Amortization of costs of issuance of senior notes
Others	5,978	6,213
Dividends payable [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of Changes in liabilities arising from financing activities [Line Items]
Beginning balance	9,550	7,686
Distribution of dividends	179,805	338,204
Finance cost on cross currency swaps
Cash inflow	229	481
Cash outflow	(179,820)	(336,821)
Movement of foreign currency
Amortization of costs of issuance of senior notes
Others	9,764	9,550
Interest-bearing loans [Member]
Financial Risk Management, Objectives and Policies (Details) - Schedule of Changes in liabilities arising from financing activities [Line Items]
Beginning balance	1,545,355	1,268,584
Distribution of dividends
Finance cost on cross currency swaps
Cash inflow	525,000	220,000
Cash outflow	(448,984)
Movement of foreign currency	(25,407)	55,955
Amortization of costs of issuance of senior notes	(2,793)	816
Others	S/ 1,593,171	S/ 1,545,355

Fair Value of Financial Asset_3

Fair Value of Financial Assets and Liabilities (Details)	12 Months Ended
	Dec. 31, 2022 PEN (S/)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PEN (S/)	Dec. 31, 2021 USD ($)	Jan. 31, 2021 USD ($)
Disclosure Of Redesignated Financial Assets And Liabilities Text Block Abstract
Currency swaps agreements amount		$ 132,000,000		$ 132,000,000
Weighted average rate		2.97%	2.97%
Hedging instruments for senior notes		$ 131,612,000
Unrealized gain (loss) (in Nuevos Soles) | S/	S/ 3,838,000		S/ 20,836,000
Underlying relationship amounts		$ 388,000		$ 388,000
Profit or loss of change on fair value amounts (in Nuevos Soles) | S/	S/ 59,000		589,000
Nominal amount					$ 18,000,000
Profit or loss of the change on fair value amounts (in Nuevos Soles) | S/			S/ 1,569,000

Fair Value of Financial Asset_4

Fair Value of Financial Assets and Liabilities (Details) - Schedule of carrying amounts and fair values of financial instruments - PEN (S/) S/ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Total financial assets [Member]
Financial assets
Carrying amount	S/ 313,974	S/ 524,403
Fair value	313,974	524,403
Total financial liabilities [Member]
Financial liabilities
Carrying amount	1,877,725	1,772,909
Fair value	1,739,827	1,794,147
Level 1 of fair value hierarchy [Member] | Cash and cash equivalents [Member]
Financial assets
Carrying amount	81,773	273,402
Fair value	81,773	273,402
Level 1 of fair value hierarchy [Member] | Senior notes [Member]
Financial liabilities
Carrying amount	1,071,781	1,094,391
Fair value	996,156	1,119,035
Level 2 of fair value hierarchy [Member] | Trade and other receivables [Member]
Financial assets
Carrying amount	145,034	143,924
Fair value	145,034	143,924
Level 2 of fair value hierarchy [Member] | Derivatives financial assets – Cross currency swaps [Member]
Financial assets
Carrying amount	86,893	106,601
Fair value	86,893	106,601
Level 2 of fair value hierarchy [Member] | Trade and other payables [Member]
Financial liabilities
Carrying amount	284,554	227,554
Fair value	284,554	227,554
Level 2 of fair value hierarchy [Member] | Promissory notes [Member]
Financial liabilities
Carrying amount	521,390	450,964
Fair value	459,117	447,558
Level 3 of fair value hierarchy [Member] | Financial investment at fair value through other comprehensive income [Member]
Financial assets
Carrying amount	274	476
Fair value	S/ 274	S/ 476

Segment Information (Details)

Segment Information (Details) - PEN (S/)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Segment Information (Details) [Abstract]
Financial investment designated at fair value	S/ 274,000
Fair value of derivative financial instruments	86,893,000
Total financial instruments at fair value		S/ 476,000
Derivative financial assets		106,601,000
Capital expenditures	S/ 190,126,000	S/ 97,288,000

Segment Information (Details) -

Segment Information (Details) - Schedule of transfer prices between operating segments - PEN (S/) S/ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cement Concrete And Precast [Member]
Segment Information (Details) - Schedule of transfer prices between operating segments [Line Items]
Revenues from external customers		S/ 1,963,826	S/ 1,784,487	S/ 1,185,186
Gross profit		647,285	550,816	367,456
Administrative expenses		(223,162)	(191,132)	(157,491)
Selling and distribution expenses		(63,971)	(50,223)	(38,708)
Other operating (expense) income, net		(2,964)	6,358	4,204
Finance income		3,252	2,874	2,951
Finance cost		(95,102)	(88,961)	(88,569)
Net (loss) gain on (settlement of) derivative financial instruments recognized at fair value through profit or loss		(59)	(980)	5,337
Loss from exchange difference, net		(1,030)	(6,987)	(9,352)
Profit before income tax		264,249	221,765	85,828
Income tax expense		(86,189)	(70,198)	(27,981)
Profit for the year		178,060	151,567	57,847
Construction supplies [Member]
Segment Information (Details) - Schedule of transfer prices between operating segments [Line Items]
Revenues from external customers		114,024	113,905	78,192
Gross profit		3,670	3,501	3,014
Administrative expenses		(2,741)	(2,675)	(2,862)
Selling and distribution expenses		(786)	(703)	(703)
Other operating (expense) income, net		8	47	154
Finance income		20	17	26
Finance cost		(3)	(3)	(130)
Net (loss) gain on (settlement of) derivative financial instruments recognized at fair value through profit or loss
Loss from exchange difference, net		5	(30)	(404)
Profit before income tax		173	154	(905)
Income tax expense		(56)	(49)	295
Profit for the year		117	105	(610)
Quicklime [Member]
Segment Information (Details) - Schedule of transfer prices between operating segments [Line Items]
Revenues from external customers		37,858	39,141	32,473
Gross profit		1,954	5,651	5,012
Administrative expenses		(1,238)	(1,099)	(1,493)
Selling and distribution expenses		(355)	(289)	(367)
Other operating (expense) income, net
Finance income
Finance cost
Net (loss) gain on (settlement of) derivative financial instruments recognized at fair value through profit or loss
Loss from exchange difference, net		(6)	(85)	(88)
Profit before income tax		355	4,178	3,064
Income tax expense		(116)	(1,322)	(999)
Profit for the year		239	2,856	2,065
Other [Member]
Segment Information (Details) - Schedule of transfer prices between operating segments [Line Items]
Revenues from external customers	[1]	38	234	483
Gross profit	[1]	(878)	(537)	(196)
Administrative expenses	[1]	(436)	(1,163)	(1,523)
Selling and distribution expenses	[1]	(125)	(305)	(375)
Other operating (expense) income, net	[1]	(943)	3	(12)
Finance income	[1]	34		(1)
Finance cost	[1]		(1)	5
Net (loss) gain on (settlement of) derivative financial instruments recognized at fair value through profit or loss	[1]
Loss from exchange difference, net	[1]	(9)	16	13
Profit before income tax	[1]	(2,357)	(1,987)	(2,089)
Income tax expense	[1]	769	629	681
Profit for the year	[1]	(1,588)	(1,358)	(1,408)
Total consolidated [Member]
Segment Information (Details) - Schedule of transfer prices between operating segments [Line Items]
Revenues from external customers		2,115,746	1,937,767	1,296,334
Gross profit		652,031	559,431	375,286
Administrative expenses		(227,577)	(196,069)	(163,369)
Selling and distribution expenses		(65,237)	(51,520)	(40,153)
Other operating (expense) income, net		(3,899)	6,408	4,346
Finance income		3,306	2,891	2,976
Finance cost		(95,105)	(88,965)	(88,694)
Net (loss) gain on (settlement of) derivative financial instruments recognized at fair value through profit or loss		(59)	(980)	5,337
Loss from exchange difference, net		(1,040)	(7,086)	(9,831)
Profit before income tax		262,420	224,110	85,898
Income tax expense		(85,592)	(70,940)	(28,004)
Profit for the year		S/ 176,828	S/ 153,170	S/ 57,894
[1]The “other” segment includes activities that do not meet the threshold for disclosure under IFRS 8.13 and represent non-material operations of the Group (including brine projects).

Segment Information (Details)_2

Segment Information (Details) - Schedule of segment reporting - PEN (S/) S/ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cement Concrete And Precast [Member]
Segment Information (Details) - Schedule of segment reporting [Line Items]
Segment assets		S/ 3,086,104	S/ 2,940,888	S/ 2,806,803
Other assets	[1]	86,630	106,280	37,068
Total assets		3,172,734	3,047,168	2,843,871
Operating liabilities		2,041,923	1,930,140	1,590,105
Capital expenditure	[2]	190,126	97,288	63,960
Depreciation and amortization		(133,276)	(128,522)	(131,877)
Provision of inventory net realizable value and obsolescence		(2,027)	(3,374)	(3,635)
Construction supplies [Member]
Segment Information (Details) - Schedule of segment reporting [Line Items]
Segment assets		38,353	42,578	51,225
Other assets	[1]
Total assets		38,353	42,578	51,225
Operating liabilities		76,780	75,633	58,517
Capital expenditure	[2]
Depreciation and amortization		(1,545)	(1,102)	(767)
Provision of inventory net realizable value and obsolescence
Quicklime [Member]
Segment Information (Details) - Schedule of segment reporting [Line Items]
Segment assets		70,327	79,383	83,621
Other assets	[1]
Total assets		70,327	79,383	83,621
Operating liabilities
Capital expenditure	[2]
Depreciation and amortization		(3,519)	(5,199)	(5,741)
Provision of inventory net realizable value and obsolescence
Other [Member]
Segment Information (Details) - Schedule of segment reporting [Line Items]
Segment assets		32,210	31,846	31,696
Other assets	[1]	537	797	5,871
Total assets		32,747	32,643	37,567
Operating liabilities		323	194	107
Capital expenditure	[2]
Depreciation and amortization		(199)	(744)	(782)
Provision of inventory net realizable value and obsolescence
Total consolidated [Member]
Segment Information (Details) - Schedule of segment reporting [Line Items]
Segment assets		3,226,994	3,094,695	2,973,345
Other assets	[1]	87,167	107,077	42,939
Total assets		3,314,161	3,201,772	3,016,284
Operating liabilities		2,119,026	2,005,967	1,648,729
Capital expenditure	[2]	190,126	97,288	63,960
Depreciation and amortization		(138,539)	(135,567)	(139,167)
Provision of inventory net realizable value and obsolescence		S/ (2,027)	S/ (3,374)	S/ (3,635)
[1]As of December 31, 2022, corresponds to the financial investment designated at fair value through OCI for S/274,000 and fair value of derivative financial instruments (“cross currency swap”) for S/86,893,000. As of December 31, 2021, corresponds to the financial investment designated at fair value through OCI for approximately S/476,000 and the fair value of derivative financial instruments (“cross currency swap”) for S/106,601,000. The fair value of derivative financial instruments of hedging is allocated to the segment of cement, and the financial investment designated at fair value through OCI and fair value of derivative financial instrument at fair value through profit or loss are not assigned to any segment.[2]Capital expenditure consists of S/190,126,000 and S/97,288,000 during the years ended as of December 31, 2022 and 2021, respectively, and are related to additions of property, plant and equipment, intangible and other minor non-current assets.

Subsequent Events (Details)

Subsequent Events (Details) - Nonadjusting Events [member] - USD ($)	Feb. 08, 2023	Jan. 04, 2023
Subsequent Events (Details) [Line Items]
Paid an approximate value		$ 9,000,000
Senior notes	$ 131,612,000
Derivative financial instruments	$ 132,000,000