XML 23 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2020
CLP ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CLP ($)
Dec. 31, 2018
CLP ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income for the year $ 401,630 $ 564,166 $ 603,745 $ 603,634
Items that do not represent cash flows:        
Depreciation and amortization 73,357 103,044 70,541 37,681
Impairment property and equipment 1,661 2,333 2,555 334
Provision for Expected Credit losses 520,307 730,871 376,153 309,861
Provisions for contingent loan risks 73,210 102,837 (45) 2,041
Fair value adjustment of financial assets held-for-trading (909) (1,277) 294 (663)
Provision for deferred income taxes (58,895) (82,729) (58,733) 11,435
Income attributable to associates 5,099 7,163 (6,039) (6,811)
Net gain on sales of assets received in lieu of payment (3) (4) (2,560) (3,650)
Net gain loss on sales of property and equipment (30) (42) (90) (3,632)
Other charges (credits) to income that do not represent cash flows 27,110 38,081 9,477 (4,990)
Net changes in exchange rate, interest and fees accrued on assets and liabilities (7,117) (9,997) 146,774 43,982
Changes in assets and liabilities that affect operating cash flows:        
(Increase) decrease in loans and advances to banks, net (1,800,134) (2,528,633) 354,308 (734,330)
(Increase) decrease in loans to customers at amortized cost (1,140,644) (1,602,253) (2,342,112) (2,686,038)
(Increase) decrease in financial assets held-for-trading, net (2,793,801) (3,924,429) 149,292 (121,167)
(Increase) decrease in other assets and liabilities 304,426 427,625 129,119 (155,624)
Increase (decrease) in current accounts and other demand deposits 3,843,145 5,398,434 1,738,840 668,521
Increase (decrease) in transactions from reverse repurchase agreements (33,488) (47,040) 1,711 98,570
Increase (decrease) in saving accounts and time deposits (1,901,014) (2,670,339) 184,946 579,827
Proceeds from sale of assets received in lieu of payment 13,730 19,286 30,795 26,274
Total cash flows from operating activities (2,472,360) (3,472,903) 1,388,971 (1,334,745)
CASH FLOWS FROM INVESTING ACTIVITIES:        
(Increase) decrease in financial assets at fair value through other comprehensive income 285,558 401,121 (301,175) 464,060
Payments for lease agreements (28,705) (40,322) (29,374)
Net changes in leased assets (847) (1,190) (1,725)
Purchases of property and equipment (28,471) (39,993) (43,512) (28,065)
Proceeds from sales of property and equipment 401 563 92 3,640
Purchases of intangible assets (18,631) (26,171) (20,928) (23,512)
Investments in other companies (671)
Dividends received from investments in other companies 1,001 1,406 552 411
Total cash flows from investing activities 210,306 295,414 (396,741) 416,534
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of mortgage financial bonds (2,382) (3,346) (3,268) (4,388)
Proceeds from bond issuances 889,135 1,248,961 2,625,176 2,157,587
Redemption from bond issuances (1,221,026) (1,715,165) (1,546,572) (1,436,232)
Dividends paid (350,538) (492,398) (356,311) (374,079)
Increase (decrease) in borrowings from foreign financial institutions (999,925) (1,404,586) 44,755 320,635
Increase (decrease) in other financial obligations 52,683 74,003 42,664 (8,753)
Increase (decrease) in borrowings from Central Bank of Chile 3,110,600 4,369,434 (1)
Other long-term borrowings 15
Payment of other long-term borrowings (16,963) (23,827) (4,005) (9,814)
Total cash flows from financing activities 1,461,584 2,053,076 802,439 644,970
TOTAL NET POSITIVE (NEGATIVE) CASH FLOWS FOR THE YEAR (800,470) (1,124,413) 1,794,669 (273,241)
Net effect of exchange rate changes on cash and cash equivalents (34,366) (48,274) 34,299 116,121
Cash and cash equivalents at beginning of year 3,110,246 4,368,937 1,281,278 1,438,398
Cash and cash equivalents at end of year 2,275,410 3,196,250 3,110,246 1,281,278
Cash received (paid ) during the year for:        
Income taxes (paid) received (70,686) (99,292) (6,514) 20,513
Interest received 1,777,086 2,496,258 2,010,563 1,881,766
Interest paid $ (505,557) $ (710,152) $ (460,115) $ (400,686)