AENZ Aenza SAA

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 6-K

 

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2024

 

Commission File Number 001-35991

 

AENZA S.A.A.

(Exact name of registrant as specified in its charter)

 

N/A

(Translation of registrant’s name into English)

 

Av. Petit Thouars 4957

Miraflores

Lima 34, Peru

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

April 30, 2024

 

In accordance with the provisions of Article 28 of the Securities Market Law, Sole Ordered Text approved by Supreme Decree No. 093-2002-EF and the Regulation of Relevant and Reserved Information, approved by Resolution SMV No. 005-2014-SMV-01, we hereby informed that today we published the first quarter 2024 standalone Financial Statements of AENZA S.A.A. and they were published in Spanish on the Investor Relations website of the Company: https://investorrelations.aenza.com.pe/.

 

We intend to publish the Company’s first quarter 2024 consolidated Financial Statements of AENZA S.A.A. around May 15, 2024.

 

 

AENZA S.A.A.

 

INTERIM SEPARATED STATEMENT OF FINANCIAL POSITION

(all amounts in thousands of S/ unless otherwise indicated)

 

				As of December 31,				As of March 31,
In thousands of soles		Note		2023				2024
Assets
Current assets
Cash and cash equivalents		7			164,224				127,076
Trade accounts receivable, net					942				1,791
Accounts receivable from related parties		8			141,145				154,347
Other accounts receivable, net		9			5,318				7,077
Prapaid expenses					5,530				6,977
Total current assets					317,159				297,268
Non-current assets
Trade accounts receivable, net					1,453				1,338
Accounts receivable from related parties		8			239,471				240,060
Other accounts receivable, net		9			69,389				69,537
Investments in associates		10			1,666,813				1,671,737
Investment property, net		11			38,630				38,139
Property, palnt and equipment, net					1,049				982
Right-of-use assets, net		11			26,060				24,605
Intangible assets, net					1,474				1,363
Deferred tax asset		16			56,807				57,186
Prapaid expenses					580				567
Total non-current assets					2,101,726				2,105,514
Total assets					2,418,885				2,402,782
Liabilities
Current liabilities
Borrowings		12			416,610				417,023
Trade accounts payable					12,901				11,084
Accounts payable to related parties		8			3,039				851
Other accounts payable		13			26,819				29,974
Other provisions		14			9,749				9,749
Total current liabilities					469,118				468,681
Non-current liabilities
Borrowings		12			25,307				23,461
Accounts payable to related parties		8			176,204				173,579
Other accounts payable		13			457,965				458,200
Other provisions		14			27,184				27,366
Total non-current liabilities					686,660				682,606
Total liabilities					1,155,778				1,151,287
Equity
Capital		15			1,371,965				1,371,965
Other reserves					(68,283	)			(63,739	)
Retained earnings					(40,575	)			(56,731	)
Total equity					1,263,107				1,251,495
Total liabilities and equity					2,418,885				2,402,782

 

The accompanying notes ar part of the separated financial statements

 

 

AENZA S.A.A.

INTERIM SEPARATED STATEMENT OF PROFIT AND LOSS

(all amounts in thousands of S/ unless otherwise indicated)

				For the three-month period
				ended March 31,
In thousands of soles		Note		2023				2024
Revenue from services provided					6,523				5,948
Cost of services provided					(5,538	)			(4,836	)
Gross profit					985				1,112
Administrative expenses		17			(6,082	)			(4,503	)
Other income and expenses		19			3,796				530
Operating loss					(1,301	)			(2,861	)
Financial expenses		18			(23,450	)			(27,823	)
Financial income		18			16,063				6,963
Interests for present value of financial asset or liability		18			244				(1,855	)
Share of the profit or loss of associates and joint ventures under the equity method		10 A			(7,173	)			9,285
Loss before income tax					(15,617	)			(16,291	)
Income tax expense					(3,370	)			135
Loss for the period					(18,987	)			(16,156	)
Loss per share attributable to controlling interest  in the Company during the period					(0.016	)			(0.012	)
Diluted loss per share attributable to controlling  interest  in the Company during the period					(0.016	)			(0.012	)

 

The accompanying notes ar part of the separated financial statements

 

 

AENZA S.A.A.

INTERIM SEPARATED STATEMENT OF OTHER COMPREHENSIVE INCOME

(all amounts in thousands of S/ unless otherwise indicated)

				For the three-month period
				ended March 31,
In thousands of soles		Note		2023				2024
Loss for the period					(18,987	)			(16,156	)
Other comprehensive income:
Items that may be subsequently reclassified to profit or loss
Exchange difference from net investment in a foreign operation, net of tax		10.A			(153	)			25
Share of the profit or loss of associates and joint ventures accounted for using the equity method		10.A			662				4,519
					509				4,544
Total comprehensive income of the period					(18,478	)			(11,612	)

 

The accompanying notes ar part of the separated financial statements

 

 

AENZA S.A.A.

 

INTERIM SEPARATED STATEMENT OF CHANGES IN EQUITY

(all amounts in thousands of S/ unless otherwise indicated)

 

In thousands of soles		Note		Number of shares in thousands				Capital				Legal reserve				Voluntary reserve				Share premium				Other reserves				Retained earnings				Total
Balances as of January 1, 2023					1,196,980				1,196,980				132,011				29,974				1,142,092				(97,193	)			(1,341,282	)			1,062,582
Loss for the period					-				-				-				-				-				-				(18,987	)			(18,987	)
Exchange difference from net investment in a foreign operation					-				-				-				-				-				(153	)			-				(153	)
Share of the profit or loss of associates and joint ventures accounted for using the equity method		10 A			-				-				-				-				-				662				-				662
Comprehensive income of the period					-				-				-				-				-				509				(18,987	)			(18,478	)
Balances as of March 31, 2023					1,196,980				1,196,980				132,011				29,974				1,142,092				(96,684	)			(1,360,269	)			1,044,104
Balances as of January 1, 2024					1,371,965				1,371,965				-				-				-				(68,283	)			(40,575	)			1,263,107
Loss for the period					-				-				-				-				-				-				(16,156	)			(16,156	)
Exchange difference from net investment in a foreign operation					-				-				-				-				-				25				-				25
Share of the profit or loss of associates and joint ventures accounted for using the equity method		10 A			-				-				-				-				-				4,519				-				4,519
Comprehensive income of the period					-				-				-				-				-				4,544				(16,156	)			(11,612	)
Balances as of March 31, 2024					1,371,965				1,371,965				-				-				-				(63,739	)			(56,731	)			1,251,495

 

The accompanying notes ar part of the separated financial statements

 

 

USO INTERNO

 

AENZA S.A.A.

 

INTERIM SEPARATED STATEMENT OF CASH FLOWS

(all amounts in thousands of S/ unless otherwise indicated)

 

				For the three-month period
				ended March 31,
In thousands of soles		Note		2023				2024
Operating activities
Loss before income tax					(15,617	)			(16,291	)
Adjustments to profit not affecting cash flows from
operating activities:
Depreciation		11 C			2,535				2,509
Amortization of intangible assets					142				111
Right-of-use adjustments		19			(535	)			(459	)
Administrative penalties		19			-				207
Financial expense,net		18			7,387				20,860
Interests for present value of financial asset or liability		18			(244	)			1,855
Exchange difference from operating activities					(669	)			(637	)
Share of the profit or loss of associates and joint ventures		10 A			7,173				(9,285	)
Net variations in assets and liabilities:
Trade accounts receivable					(1,262	)			(734	)
Other accounts receivable					(34,115	)			(1,761	)
Other accounts receivable from related parties					(3,136	)			(1,731	)
Prepaid expenses and other assets					(116	)			(1,434	)
Trade accounts payable					(3,244	)			(1,817	)
Other accounts payable					22,125				(1,952	)
Other accounts payable to related parties					4,016				(1,632	)
Income tax paid		16			(1,367	)			(173	)
Interest paid					(13,372	)			(17,562	)
Net cash applied to operating activities					(30,299	)			(29,926	)
Investing activities
Dividends received		10.A.c			20,691				12,630
Acquisition of property, plant and equipment					(88	)			-
Loans provided to subsidiaries		8.C			(55,568	)			(19,851	)
Collection of loans and interest from subsidiaries		8.C			56,304				761
Collection of interests on time deposits		18			2,821				2,061
Net cash provided (applied) to investing activities					24,160				(4,399	)
Financing activities
Borrowings received
Payment of borrowings		12 e			(4,346	)			(1,926	)
Payment of right-of-use liability		12 e			(1,186	)			(1,534	)
Interest received from related entities					(47	)			-
Net cash applied to financing activities					(5,579	)			(3,460	)
Net decrease in cash and equivalents					(11,718	)			(37,785	)
Exchange difference					669				637
Cash and cash equivalents at the beginning of the period					184,899				164,224
Cash and cash equivalents at the end of the period		7			173,850				127,076
Non-cash transactions:
Offsetting of dividends receivable		10.A.c			5,710				7,320
Offsetting of loans received from related parties		8.C			(564	)			-

 

The accompanying notes ar part of the separated financial statements

 

 

SIGNATURES

 

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

AENZA S.A.A.
By:	/s/ CRISTIAN RESTREPO HERNANDEZ
Name:	Cristian Restrepo Hernandez
Title:	VP of Corporate Finance
Date:	April 30, 2024

 

 

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