425 / 430
- 80 -
A comparison between the carrying amounts and fair values of financial instruments of
COFIDE, according to the methodology explained above, presented in the statements of
financial position, is detailed as follows:
Carrying
Fair
Carrying
Fair
Fair value and carrying amount
amount
value
amount
value
Asset
Cash
1,956,711
1,956,711
523,682
523,682
Available for sale investments:
Capital instruments
2,586,935
2,586,935
2,676,964
2,676,964
Debt instruments
1,555,932
1,555,932
1,213,269
1,213,269
Loan portfolio, net
7,309,996
7,309,996
5,194,747
5,194,747
Hedging derivatives
3,657
3,657
-
-
Accounts receivable, net
73,435
73,435
56,409
56,409
Other assets
1,264
1,264
623
623
Total
13,487,930
13,487,930
9,665,694
9,665,694
Liability
Obligations to the public
32,564
32,564
47,557
47,557
Deposits by Banks and
financial organizations
224,944
224,944
195,469
195,469
Due to banks
2,888,054
2,886,867
2,835,231
2,835,576
Financial obligations
7,291,067
7,316,673
3,910,495
3,910,336
Hedging derivatives
149,748
149,748
155,699
155,699
Accounts payable
12,356
12,356
9,423
9,423
Other liabilities
42,904
42,904
42,570
42,570
Total
10,641,637
10,666,056
7,196,444
7,196,630
2015
2014
Assets granted as guarantee:
As of December 31, 2015, COFIDE has carried out repo transactions comprising resources
in local currency for (in thousands) S/.21,051, granted from several trusts managed by
COFIDE, which accrue interests at a certain annual rate and are guaranteed by Structured
Bonds, whose carrying amount is (in thousands) S/.24,246 and face value is (in thousands)
US$6,978. As of December 31, 2014, COFIDE has carried out repo transactions
comprising resources in local currency for (in thousands) S/.28,861, granted from several
trusts managed by COFIDE, which accrued interests at a certain annual rate and were
guaranteed by Structured Bonds, whose carrying amount was (in thousands) S/.30,448 and
face value was (in thousands) US$10,643, as of December 31, 2014.
Granted funds are intended to assist different obligations of COFIDE.
22.
MANAGEMENT OF OTHER RISKS
(a)
Operational risk
Operational risk is generated by human, processes, systems errors or by external factors,
including legal risk.
COFIDE has identified its operational risks focusing on transversal processes comprised in its
cooperativeness. Additionally, continuous improvements are made in policies and
methodologies of identification, assessment and follow-up of operational risk, as well as the
definition of roles and responsibilities of those charged with its management.