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17.
BASIC AND DILUTED EARNINGS PER SHARE
2015
2014
Outstanding at the beginning of the year
1,548,419
1,514,402
Capital increase (May 28, 2014)
-
14,157
Outstanding at the end of the year
1,548,419
1,528,559
Net profit for the year (in thousands) S/.
82,341
77,105
Shares
1,548,419
1,528,559
Earnings per basic and diluted share (S/.)
0.0532
0.0504
Number of shares
in thousands
18.
INCOME TAX
(a)
Income tax regime
Tax rates
Pursuant to Law No. 30296 – Law that promotes Economy Reactivation, the tax on third
category income recipients domiciled in Peru was modified, as presented below:
Taxable periods
Rate
2014
30%
2015-2016
28%
2017-2018
27%
2019 and subsequent periods
26%
Legal entities domiciled in Peru are subject to an additional rate, as shown below, on any
amount that may be considered as indirect income, including amounts charged to expenses and
unreported income; that is, expenses which may have benefited shareholders, parties, among
others; other expenses not related to the business; expenses of shareholders, parties, among
others, which are assumed by the legal entity.
Taxable periods
Rate
2014
4.1%
2015-2016
6.8%
2017-2018
8.0%
2019 and subsequent periods
9.3%
(b)
Significant amendments to income tax
After December 31, 2015, no changes have been made to the income tax regime in Peru which
may impact these financial statements. The standards and interpretations effective as of
December 31, 2015 have been considered by Management when preparing these financial
statements.