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9.
HEDGING DERIVATIVES, ACCOUNTS RECEIVABLE, NET, ASSETS SEIZED,
RECEIVED IN PAYMENT, AWARDED, INTANGIBLE ASSETS AND OTHER
ASSETS
2015
2014
S/.000
S/.000
Fair value - hedging derivatives - rate swaps (Note 12(a))
3,816
-
Fair value - hedging derivatives - currency swaps
-
139
Provisions for country risk - derivatives
(159)
(139)
Hedging derivatives
3,657
-
Restricted funds / Funds in guarantee - margin call (a)
58,260
49,538
Sundry accounts receivable
12,374
9,610
Accounts receivable for assigned loan portfolio
2,091
1,923
Commissions receivable
4,881
1,800
Provisions for accounts receivable and others (b)
(4,171)
(6,462)
Accounts receivable, net
73,435
56,409
Software
14,993
14,398
Software accumulated amortization
(8,740)
(7,079)
Intangible asset, net (c)
6,253
7,319
Assets seized, received in payment and awarded, net (d)
13,032
78
Commissions and other paid in advance
3,545
1,765
Works of art and library
779
765
Sundry items
1,264
1,392
Other assets
5,588
3,922
Total
101,965
67,728
(a)
As of December 31, 2015, COFIDE has funds in guarantee for (in thousands) US$17,080
(US$16,590 as of December 31, 2014) in favor of J. Aron & Company in both periods for
“Margin Call” in order to guarantee operations with interest-rate and currency derivatives
held by COFIDE.
According to the analysis of the restricted fund associated to “Margin Call”, result of the
constitution of a derivative financial instrument, Management considers reasonable to
record it as other assets and not as restricted cash.