XML 219 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CLP ($)
Dec. 31, 2018
CLP ($)
Dec. 31, 2017
CLP ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income for the year   $ 603,745 $ 603,634 $ 572,081
Items that do not represent cash flows:        
Depreciation and amortization   70,541 37,681 37,536
Impairment property and equipment   2,555 334 166
Provision for loan losses   376,153 309,861 271,442
Provisions for contingent loan risks   (45) 2,041 (710)
Fair value adjustment of financial assets held-for-trading   294 (663) 1,614
Provision for deferred income taxes   (58,733) 11,435 14,314
Income attributable to associates   (6,039) (6,811) (5,511)
Net gain on sales of assets received in lieu of payment   (2,560) (3,650) (1,941)
Net gain loss on sales of property and equipment   (90) (3,632) (623)
Other charges (credits) to income that do not represent cash flows   9,477 (4,990) 543
Net changes in exchange rate, interest and fees accrued on assets and liabilities   146,774 43,982 (15,920)
Changes in assets and liabilities that affect operating cash flows:        
(Increase) decrease in loans and advances to banks, net   354,308 (734,330) 413,570
(Increase) decrease in loans to customers at amortized cost   (2,342,112) (2,686,038) (462,358)
(Increase) decrease in financial assets held-for-trading, net   149,292 (121,167) (110,935)
(Increase) decrease in other assets and liabilities   129,119 (155,624) 12,958
Increase (decrease) in current accounts and other demand deposits   1,738,840 668,521 594,306
Increase (decrease) in transactions from reverse repurchase agreements   1,711 98,570 (20,474)
Increase (decrease) in saving accounts and time deposits   184,946 579,827 (441,174)
Proceeds from sale of assets received in lieu of payment   30,795 26,274 13,679
Total cash flows from operating activities   1,388,971 (1,334,745) 872,563
CASH FLOWS FROM INVESTING ACTIVITIES:        
(Increase) decrease in financial assets at fair value through other comprehensive income   (301,175) 464,060 (1,142,796)
Payments for lease agreements   (29,374)
Net changes in leased assets   (1,725)
Purchases of property and equipment   (43,512) (28,065) (23,224)
Proceeds from sales of property and equipment   92 3,640 652
Purchases of intangible assets   (20,928) (23,512) (18,779)
Investments in other companies   (671)
Dividends received from investments in other companies   552 411 484
Total cash flows from investing activities   (396,741) 416,534 (1,183,663)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of mortgage financial bonds   (3,268) (4,388) (5,818)
Proceeds from bond issuances   2,625,176 2,157,587 1,399,001
Redemption from bond issuances   (1,546,572) (1,436,232) (1,024,758)
Dividends paid   (356,311) (374,079) (342,034)
Increase (decrease) in borrowings from foreign financial institutions   44,755 320,635 154,552
Increase (decrease) in other financial obligations   42,664 (8,753) (44,938)
Increase (decrease) in borrowings from Central Bank of Chile   (1) (2)
Other long-term borrowings   15 8
Payment of other long-term borrowings   (4,005) (9,814) (3,349)
Total cash flows from financing activities   802,439 644,970 132,662
TOTAL NET POSITIVE (NEGATIVE) CASH FLOWS FOR THE YEAR   1,794,669 (273,241) (178,438)
Net effect of exchange rate changes on cash and cash equivalents   34,299 116,121 (38,374)
Cash and cash equivalents at beginning of year   1,281,278 1,438,398 1,655,210
Cash and cash equivalents at end of year   3,110,246 1,281,278 1,438,398
Cash received (paid ) during the year for:        
Income taxes (paid) received   (6,514) 20,513 13,851
Interest received   2,010,563 1,881,766 1,928,523
Interest paid   $ (460,115) $ (400,686) $ (753,379)
USD        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income for the year $ 802,980      
Items that do not represent cash flows:        
Depreciation and amortization 93,819      
Impairment property and equipment 3,398      
Provision for loan losses 500,283      
Provisions for contingent loan risks (60)      
Fair value adjustment of financial assets held-for-trading 391      
Provision for deferred income taxes (78,115,000)      
Income attributable to associates (8,032)      
Net gain on sales of assets received in lieu of payment (3,405)      
Net gain loss on sales of property and equipment (120)      
Other charges (credits) to income that do not represent cash flows 12,604      
Net changes in exchange rate, interest and fees accrued on assets and liabilities 195,209      
Changes in assets and liabilities that affect operating cash flows:        
(Increase) decrease in loans and advances to banks, net 471,229      
(Increase) decrease in loans to customers at amortized cost (3,115,008)      
(Increase) decrease in financial assets held-for-trading, net 198,558      
(Increase) decrease in other assets and liabilities 171,729,000      
Increase (decrease) in current accounts and other demand deposits 2,312,656      
Increase (decrease) in transactions from reverse repurchase agreements 2,276      
Increase (decrease) in saving accounts and time deposits 245,978      
Proceeds from sale of assets received in lieu of payment 40,957      
Total cash flows from operating activities 1,847,327      
CASH FLOWS FROM INVESTING ACTIVITIES:        
(Increase) decrease in financial assets at fair value through other comprehensive income (400,563)      
Payments for lease agreements (39,067)      
Net changes in leased assets (2,294)      
Purchases of property and equipment (57,871)      
Proceeds from sales of property and equipment 122      
Purchases of intangible assets (27,834)      
Investments in other companies (892)      
Dividends received from investments in other companies 734      
Total cash flows from investing activities (527,665)      
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of mortgage financial bonds (4,346)      
Proceeds from bond issuances 3,491,483      
Redemption from bond issuances (2,056,940)      
Dividends paid (473,893)      
Increase (decrease) in borrowings from foreign financial institutions 59,524      
Increase (decrease) in other financial obligations 56,743      
Increase (decrease) in borrowings from Central Bank of Chile      
Other long-term borrowings      
Payment of other long-term borrowings (5,326)      
Total cash flows from financing activities 1,067,245      
TOTAL NET POSITIVE (NEGATIVE) CASH FLOWS FOR THE YEAR 2,386,907      
Net effect of exchange rate changes on cash and cash equivalents 45,618      
Cash and cash equivalents at beginning of year 1,704,099      
Cash and cash equivalents at end of year 4,136,624      
Cash received (paid ) during the year for:        
Income taxes (paid) received (8,664)      
Interest received 2,674,048      
Interest paid $ (611,953)