XML 105 R53.htm IDEA: XBRL DOCUMENT
v3.20.1

Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2019
Disclosure of operating segments [abstract] |
Schedule of segment reporting |
|  | As of December 31, 2017 |
|  | Retail |  |  | Wholesale |  |  | Treasury |  |  | Subsidiaries |  |  | Subtotal |  |  | Reclassifications and adjustments to conform IFRS |  |  |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | Note |  | MCh$ |
Net interest income |  |  | 930,539 |  |  |  | 322,431 |  |  |  | (21,169 | ) |  |  | (4,336 | ) |  |  | 1,227,465 |  |  |  | 7,230 |  |  |  |  |  | 1,234,695 |
Net fees and commissions income |  |  | 184,049 |  |  |  | 43,443 |  |  |  | (4,306 | ) |  |  | 135,987 |  |  |  | 359,173 |  |  |  | (11,499 | ) |  |  |  |  | 347,674 |
Other operating income |  |  | 19,095 |  |  |  | 34,712 |  |  |  | 56,328 |  |  |  | 26,884 |  |  |  | 137,019 |  |  |  | (31,846 | ) |  |  |  |  | 105,173 |
Total operating revenue |  |  | 1,133,683 |  |  |  | 400,586 |  |  |  | 30,853 |  |  |  | 158,535 |  |  |  | 1,723,657 |  |  |  | (36,115 | ) |  | (1) |  |  | 1,687,542 |
Provisions for loan losses |  |  | (256,262 | ) |  |  | 21,415 |  |  |  | ― |  |  |  | (135 | ) |  |  | (234,982 | ) |  |  | 13,727 |  |  | (2) |  |  | (221,255 | )
Depreciation and amortization |  |  | (27,669 | ) |  |  | (4,547 | ) |  |  | (141 | ) |  |  | (2,894 | ) |  |  | (35,251 | ) |  |  | (2,285 | ) |  | (3) |  |  | (37,536 | )
Other operating expenses |  |  | (507,771 | ) |  |  | (153,360 | ) |  |  | (5,022 | ) |  |  | (102,281 | ) |  |  | (768,434 | ) |  |  | 21,614 |  |  | (4) |  |  | (746,820 | )
Income attributable to associates |  |  | 4,372 |  |  |  | 1,026 |  |  |  | 108 |  |  |  | 551 |  |  |  | 6,057 |  |  |  | (546 | ) |  |  |  |  | 5,511 |
Income before income taxes |  |  | 346,353 |  |  |  | 265,120 |  |  |  | 25,798 |  |  |  | 53,776 |  |  |  | 691,047 |  |  |  | (3,605 | ) |  |  |  |  | 687,442 |
Income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (115,034 | ) |  |  | (327 | ) |  | (5) |  |  | (115,361 | )
Income after income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 576,013 |  |  |  | (3,932 | ) |  |  |  |  | 572,081 |
Assets |  |  | 16,099,926 |  |  |  | 10,558,278 |  |  |  | 5,469,829 |  |  |  | 637,860 |  |  |  | 32,765,893 |  |  |  | (388,753 | ) |  |  |  |  | 32,377,140 |
Current and deferred taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 290,432 |  |  |  | (106,135 | ) |  |  |  |  | 184,297 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 33,056,325 |  |  |  | (494,888 | ) |  | (6) |  |  | 32,561,437 |
Liabilities |  |  | 10,380,250 |  |  |  | 10,272,607 |  |  |  | 8,815,056 |  |  |  | 479,244 |  |  |  | 29,947,157 |  |  |  | (934,521 | ) |  |  |  |  | 29,012,636 |
Current and deferred taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,453 |  |  |  | ― |  |  |  |  |  | 3,453 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,950,610 |  |  |  | (934,521 | ) |  | (7) |  |  | 29,016,089 |
Reclassifications and adjustments to conform IFRS
| (1) | The total effect due to the elimination adjustments to conform the total operating revenue is MCh$(14,387). In addition the total effect of IFRS adjustments is MCh$(21,728) which mainly stems from the reclassification of interest on repurchase agreements and suspended interest recognition.
| (2) | The total effect relates to IFRS adjustments of MCh$13,727, which mainly stems from differences in the calculation of allowances for loan losses.
| (3) | The total effect relates to IFRS adjustments of MCh$(2,285), which stems from the amortization of intangibles and depreciation of property and equipment acquired through business combinations.
| (4) | The total effect due to the elimination adjustments to conform other operating expenses is MCh$14,387. In addition the total effect of IFRS adjustments is MCh$7,227, which represents reversal of write-offs of assets received in lieu of payments.
| (5) | The total effect relates to IFRS adjustments of MCh$(327), which stems from deferred taxes.
| (6) | The total effect due to the elimination adjustments to conform the consolidated financial position data in assets is MCh$(232,137). In addition the total effect of IFRS adjustments in assets is MCh$(262,751), which mainly stems from differences in the calculation of allowances for loan losses, the acquisition of Citibank Chile and deferred taxes effects and settlement of transactions in the course of collection.
| (7) | The total effect due to the elimination adjustments to conform the consolidated financial position data in liabilities is MCh$(232,137). In addition the total effect of IFRS adjustments in liabilities is MCh$(702,384), which mainly stems from provision for minimum dividends and differences in the calculation of allowances for loan losses.
|  | As of December 31, 2018 |
|  | Retail |  |  | Wholesale |  |  | Treasury |  |  | Subsidiaries |  |  | Subtotal |  |  | Reclassifications and adjustments to conform IFRS |  |  |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | Note |  | MCh$ |
Net interest income |  |  | 972,172 |  |  |  | 355,451 |  |  |  | (2,415 | ) |  |  | (8,994 | ) |  |  | 1,316,214 |  |  |  | 4,763 |  |  |  |  |  | 1,320,977 |
Net fees and commissions income |  |  | 184,545 |  |  |  | 45,905 |  |  |  | (4,031 | ) |  |  | 145,704 |  |  |  | 372,123 |  |  |  | (12,168 | ) |  |  |  |  | 359,955 |
Other operating income |  |  | 43,288 |  |  |  | 59,376 |  |  |  | 63,931 |  |  |  | 33,341 |  |  |  | 199,936 |  |  |  | (34,798 | ) |  |  |  |  | 165,138 |
Total operating revenue |  |  | 1,200,005 |  |  |  | 460,732 |  |  |  | 57,485 |  |  |  | 170,051 |  |  |  | 1,888,273 |  |  |  | (42,203 | ) |  | (1) |  |  | 1,846,070 |
Provisions for loan losses |  |  | (287,569 | ) |  |  | 6,041 |  |  |  | ― |  |  |  | 118 |  |  |  | (281,410 | ) |  |  | 31,639 |  |  | (2) |  |  | (249,771 | )
Depreciation and amortization |  |  | (29,571 | ) |  |  | (5,008 | ) |  |  | (91 | ) |  |  | (3,011 | ) |  |  | (37,681 | ) |  |  | ― |  |  |  |  |  | (37,681 | )
Other operating expenses |  |  | (561,513 | ) |  |  | (152,921 | ) |  |  | (4,693 | ) |  |  | (105,906 | ) |  |  | (825,033 | ) |  |  | 23,006 |  |  | (3) |  |  | (802,027 | )
Income attributable to associates |  |  | 4,220 |  |  |  | 2,173 |  |  |  | 400 |  |  |  | 462 |  |  |  | 7,255 |  |  |  | (444 | ) |  |  |  |  | 6,811 |
Income before income taxes |  |  | 325,572 |  |  |  | 311,017 |  |  |  | 53,101 |  |  |  | 61,714 |  |  |  | 751,404 |  |  |  | 11,998 |  |  |  |  |  | 763,402 |
Income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (156,531 | ) |  |  | (3,237 | ) |  | (4) |  |  | (159,768 | )
Income after income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 594,873 |  |  |  | 8,761 |  |  |  |  |  | 603,634 |
Assets |  |  | 16,425,483 |  |  |  | 10,591,702 |  |  |  | 8,093,850 |  |  |  | 925,440 |  |  |  | 36,036,475 |  |  |  | (612,545 | ) |  |  |  |  | 35,423,930 |
Current and deferred taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 262,582 |  |  |  | (85,082 | ) |  |  |  |  | 177,500 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36,299,057 |  |  |  | (697,627 | ) |  | (5) |  |  | 35,601,430 |
Liabilities |  |  | 10,399,587 |  |  |  | 9,873,018 |  |  |  | 11,952,656 |  |  |  | 764,736 |  |  |  | 32,989,997 |  |  |  | (1,067,190 | ) |  |  |  |  | 31,922,807 |
Current and deferred taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,907 |  |  |  | ― |  |  |  |  |  | 4,907 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 32,994,904 |  |  |  | (1,067,190 | ) |  | (6) |  |  | 31,927,714 |
Reclassifications and adjustments to conform IFRS
| (1) | The total effect due to the elimination adjustments to conform the total operating revenue is MCh$(14,990). In addition the total effect of IFRS adjustments is MCh$(27,213) which mainly stems from the reclassification of interest on repurchase agreements and suspended interest recognition.
| (2) | The total effect relates to IFRS adjustments of MCh$31,639, which mainly stems from differences in the calculation of allowances for loan losses.
| (3) | The total effect due to the elimination adjustments to conform other operating expenses is MCh$14,990. In addition the total effect of IFRS adjustments is MCh$8,016, which mainly represents reversal of write-offs of assets received in lieu of payments.
| (4) | The total effect relates to IFRS adjustments of MCh$(3,237), which stems from deferred taxes.
| (5) | The total effect due to the elimination adjustments to conform the consolidated financial position data in assets is MCh$(388,615). In addition the total effect of IFRS adjustments in assets is MCh$(309,012), which mainly stems from differences in the calculation of allowances for loan losses, the acquisition of Citibank Chile and deferred taxes effects and settlement of transactions in the course of collection.
| (6) | The total effect due to the elimination adjustments to conform the consolidated financial position data in liabilities is MCh$(388,615). In addition the total effect of IFRS adjustments in liabilities is MCh$(678,575), which mainly stems from provision for minimum dividends and differences in the calculation of allowances for loan losses.
|  | As of December 31, 2019 |
|  | Retail |  |  | Wholesale |  |  | Treasury |  |  | Subsidiaries |  |  | Subtotal |  |  | Reclassifications and adjustments to conform IFRS |  |  |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | Note |  | MCh$ |
Net interest income |  |  | 1,033,646 |  |  |  | 359,074 |  |  |  | (19,246 | ) |  |  | (7,651 | ) |  |  | 1,365,823 |  |  |  | 5,455 |  |  |  |  |  | 1,371,278 |
Net fees and commissions income |  |  | 270,064 |  |  |  | 48,097 |  |  |  | (3,241 | ) |  |  | 153,330 |  |  |  | 468,250 |  |  |  | (10,948 | ) |  |  |  |  | 457,302 |
Other operating income |  |  | 34,854 |  |  |  | 61,505 |  |  |  | 45,105 |  |  |  | 53,931 |  |  |  | 195,395 |  |  |  | (18,757 | ) |  |  |  |  | 176,638 |
Total operating revenue |  |  | 1,338,564 |  |  |  | 468,676 |  |  |  | 22,618 |  |  |  | 199,610 |  |  |  | 2,029,468 |  |  |  | (24,250 | ) |  | (1) |  |  | 2,005,218 |
Provisions for loan losses |  |  | (333,156 | ) |  |  | (14,052 | ) |  |  | ― |  |  |  | (66 | ) |  |  | (347,274 | ) |  |  | 15,673 |  |  | (2) |  |  | (331,601 | )
Depreciation and amortization |  |  | (58,725 | ) |  |  | (5,885 | ) |  |  | (85 | ) |  |  | (5,846 | ) |  |  | (70,541 | ) |  |  | ― |  |  |  |  |  | (70,541 | )
Other operating expenses |  |  | (587,212 | ) |  |  | (151,660 | ) |  |  | (5,040 | ) |  |  | (111,499 | ) |  |  | (855,411 | ) |  |  | 23,702 |  |  | (3) |  |  | (831,709 | )
Income attributable to associates |  |  | 3,957 |  |  |  | 1,669 |  |  |  | 331 |  |  |  | 493 |  |  |  | 6,450 |  |  |  | (411 | ) |  |  |  |  | 6,039 |
Income before income taxes |  |  | 363,428 |  |  |  | 298,748 |  |  |  | 17,824 |  |  |  | 82,692 |  |  |  | 762,692 |  |  |  | 14,714 |  |  |  |  |  | 777,406 |
Income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (169,683 | ) |  |  | (3,978 | ) |  | (4) |  |  | (173,661 | )
Income after income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 593,009 |  |  |  | 10,736 |  |  |  |  |  | 603,745 |
Assets |  |  | 18,139,505 |  |  |  | 10,766,374 |  |  |  | 11,426,849 |  |  |  | 964,695 |  |  |  | 41,297,423 |  |  |  | (515,199 | ) |  |  |  |  | 40,782,224 |
Current and deferred taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 321,305 |  |  |  | (89,655 | ) |  |  |  |  | 231,650 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 41,618,728 |  |  |  | (604,854 | ) |  | (5) |  |  | 41,013,874 |
Liabilities |  |  | 11,407,066 |  |  |  | 10,750,446 |  |  |  | 15,075,652 |  |  |  | 781,052 |  |  |  | 38,014,216 |  |  |  | (982,392 | ) |  |  |  |  | 37,031,824 |
Current and deferred taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 76,289 |  |  |  | ― |  |  |  |  |  | 76,289 |
Total liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 38,090,505 |  |  |  | (982,392 | ) |  | (6) |  |  | 37,108,113 |
Reclassifications and adjustments to conform IFRS
| (1) | The total effect due to the elimination adjustments to conform the total operating revenue is MCh$(14,948). In addition the total effect of IFRS adjustments is MCh$(9,302) which mainly stems from the reclassification of interest on repurchase agreements and suspended interest recognition.
| (2) | The total effect relates to IFRS adjustments of MCh$15,673, which mainly stems from differences in the calculation of allowances for loan losses.
| (3) | The total effect due to the elimination adjustments to conform other operating expenses is MCh$14,948. In addition the total effect of IFRS adjustments is MCh$8,754, which mainly represents reversal of write-offs of assets received in lieu of payments.
| (4) | The total effect relates to IFRS adjustments of MCh$(3,978), which stems from deferred taxes.
| (5) | The total effect due to the elimination adjustments to conform the consolidated financial position data in assets is MCh$(345,395). In addition the total effect of IFRS adjustments in assets is MCh$(259,459), which mainly stems from differences in the calculation of allowances for loan losses, the acquisition of Citibank Chile and deferred taxes effects and settlement of transactions in the course of collection.
| (6) | The total effect due to the elimination adjustments to conform the consolidated financial position data in liabilities is MCh$(345,395). In addition the total effect of IFRS adjustments in liabilities is MCh$(636,997), which mainly stems from provision for minimum dividends and differences in the calculation of allowances for loan losses.

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- Definition The disclosure of operating segments. [Refer: Operating segments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2019-01-01 -Paragraph 23 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2019-en-r&anchor=para_23&doctype=Standard -URIDate 2019-03-27 + Details
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