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Consolidated Statements of Cash Flows - CLP ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Profit for the year before taxes $ 1,735,010 $ 1,332,286 $ 504,853
Income tax (289,209) (275,969) (103,223)
Net income for the year 1,445,801 1,056,317 401,630
Charges (credits) to income (loss) that do not represent cash flows:      
Depreciation and amortization 84,205 76,798 73,357
Impairment of non-financial assets 77 1,690 1,661
Allowances established for credit risk 418,416 93,710 520,307
Provisions for contingent loans 51,445 (5,132) 73,210
Impairments for credit risk from financial assets at fair value through other comprehensive income 8,009 1,001 (4,652)
Fair value of debt financial instruments held for trading at fair value through in profit or loss (5,721) 6,568 (1,161)
Change in deferred tax assets and liabilities (91,001) 20,163 (58,895)
Net (income) loss from investments in companies with significant influence (13,031) (1,793) 5,099
Net (income) loss on sale of assets received in payments (4,053) (1,837) (3)
Net (income) loss on sale of sale of fixed assets (1,043) (214) (30)
Write-offs of assets received in payment 38 418
Other charges (credits) that do not represent cash flows 5,581 13,508 27,110
Net change in exchange rates, interest, readjustments and commissions accrued on assets and liabilities (766,814) (500,215) (7,117)
Changes due to (increase) decrease in assets and liabilities affecting the operating flow:      
Net (increase) decrease in accounts receivable from banks (640,682) 1,409,687 (1,800,134)
Net (increase) decrease in loans and accounts receivables from customers (1,170,415) (2,915,171) (1,140,644)
Net decrease (increase) of debt financial instruments held for trading at fair value through profit or loss 432,800 654,841 (2,793,550)
Net (increase) decrease in other assets and liabilities 134,650 (342,988) 309,080
(Decrease) increase in deposits and other demand obligations (4,951,976) 3,369,787 3,843,145
Increase (decrease) in repurchase agreements and securities loans 143,986 (176,369) (33,488)
Increase (decrease) in deposits and other time deposits 5,029,582 234,048 (1,901,014)
Sale of assets received in lieu of payment 18,772 10,824 13,730
Total net cash flows provided by (used in) operating activities 128,626 3,005,641 (2,472,359)
CASH FLOW FROM INVESTING ACTIVITIES:      
Net (increase) decrease of debt financial instruments at fair value through other comprehensive income (748,525) (2,070,906) 285,558
Net decrease (increase) of debt financial instruments at amortized cost 6,257 (813,477)
Principal and interest payments for obligations under lease contracts (32,375) (30,585) (28,705)
Leasedhold improvements (2,543) (1,386) (847)
Property and equipment purchase (18,706) (34,193) (28,471)
Property and equipment sale 1,332 214 401
Acquisition of intangibles (56,891) (30,222) (18,631)
Acquisition of investments in companies (7,847)
Dividend received of investments in companies 3,622 1,097 1,001
Total net cash flows from (used in) investing activities (847,829) (2,987,305) 210,306
CASH FLOW FROM FINANCING ACTIVITIES:      
Redemption and payment of interest of letters of credit (2,101) (1,633) (2,382)
Redemption and payment of interest on current bonds (1,538,692) (1,321,744) (1,203,969)
Redemption and payment of interest on subordinated bonds (58,050) (16,277) (17,057)
Current bonds issuance 1,355,816 1,661,016 889,135
Payment of common stock dividends (539,827) (220,271) (350,538)
Increase (decrease) in obligations with foreign banks 527,027 (45,421) (999,925)
Increase (decrease) in other financial obligations 94,146 83,137 52,683
(Decrease) increase in obligations with the Central Bank of Chile (14) 1,237,814 3,110,600
Payment of other long-term borrowings (107) (207) (16,963)
Attributable to non-controlling interest:      
Dividend payment and/or withdrawals of paid-in capital in respect of the subsidiaries corresponding to the non-controlling interest (1) (1) (1)
Total net cash flows from (used in) financing activities (161,803) 1,376,413 1,461,583
VARIATION IN CASH AND CASH EQUIVALENTS DURING THE YEAR (881,006) 1,394,749 (800,470)
Exchange variations effect 38,010 324,965 (34,366)
Opening balance of cash and cash equivalent 3,995,124 2,275,410 3,110,246
Final balance of cash and cash equivalent 3,152,128 3,995,124 2,275,410
Interest operating cash flow:      
Interest and readjustments received 2,849,799 1,656,189 1,777,086
Interest and readjustments paid $ (1,344,895) $ (262,894) $ (505,557)