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CURRENT AND DEFERRED TAXES (Tables) | 12 Months Ended
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Dec. 31, 2017
Major components of tax expense (income) [abstract] |
Schedule of Composition of current tax assets | The composition of the current tax assets is the following:
|  | Current assets |  |  | Non-current assets |  |  | Total assets |
|  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Provisional monthly |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
payments (advances) |  |  | 65,257 |  |  |  | 43,821 |  |  |  | - |  |  |  | - |  |  |  | 65,257 |  |  |  | 43,821 |
Other recoverable credits |  |  | 12,730 |  |  |  | 21,556 |  |  |  | 17,532 |  |  |  | 20,272 |  |  |  | 30,262 |  |  |  | 41,828 |
Total assets by current tax |  |  | 77,987 |  |  |  | 65,377 |  |  |  | 17,532 |  |  |  | 20,272 |  |  |  | 95,519 |  |  |  | 85,649 |
Schedule of composition of current tax liabilities | The composition of the current tax liabilities are as follows:
|  | Current liabilities |  |  | Non-current liabilities |  |  | Total liabilities |
|  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Income tax provision |  |  | 3,511 |  |  |  | 9,632 |  |  |  | - |  |  |  | - |  |  |  | 3,511 |  |  |  | 9,632 |
Additional tax provision |  |  | - |  |  |  | 4,654 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,654 |
Total liabilities by current tax |  |  | 3,511 |  |  |  | 14,286 |  |  |  | - |  |  |  | - |  |  |  | 3,511 |  |  |  | 14,286 |
Schedule of balances of deferred tax are | The balances of deferred tax are the following:
|  | Assets |  |  | Liabilities |
|  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
Concept |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Depreciation |  |  | 210,855 |  |  |  | 11,735 |  |  |  | 1,401,277 |  |  |  | 1,387,760 |
Leased assets |  |  | (103,201 | ) |  |  | (35,922 | ) |  |  | 275,142 |  |  |  | 203,836 |
Amortization |  |  | (484 | ) |  |  | (15,820 | ) |  |  | 54,335 |  |  |  | 61,660 |
Provisions |  |  | (9,771 | ) |  |  | 222,253 |  |  |  | 690 |  |  |  | (59,096 | )
Revaluation of financial instruments |  |  | (734 | ) |  |  | - |  |  |  | (4,484 | ) |  |  | (3,223 | )
Tax losses |  |  | 290,973 |  |  |  | 202,536 |  |  |  | (1,188,586 | ) |  |  | (1,126,200 | )
Intangibles |  |  | - |  |  |  | - |  |  |  | 406,536 |  |  |  | 430,705 |
Others |  |  | (23,617 | ) |  |  | (202 | ) |  |  | 4,787 |  |  |  | 20,317 |
Total |  |  | 364,021 |  |  |  | 384,580 |  |  |  | 949,697 |  |  |  | 915,759 |
Schedule of movements of deferred tax assets and liabilities | Movements of Deferred tax assets and liabilities
| (a) | From January 1 to December 31, 2015
|  | Opening |  |  | Recognized in |  |  | Recognized in |  |  | Exchange |  |  |  |  |  | Ending |
|  | balance |  |  | consolidated |  |  | comprehensive |  |  | rate |  |  |  |  |  | balance |
|  | Assets/(liabilities) |  |  | income |  |  | income |  |  | variation |  |  | Others |  |  | Asset (liability) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Depreciation |  |  | (871,640 | ) |  |  | (267,891 | ) |  |  | - |  |  |  | 8,540 |  |  |  | - |  |  |  | (1,130,991 | )
Leased assets |  |  | (185,775 | ) |  |  | (73,330 | ) |  |  | - |  |  |  | 7,803 |  |  |  | - |  |  |  | (251,302 | )
Amortization |  |  | (160,100 | ) |  |  | 84,330 |  |  |  | - |  |  |  | 4,606 |  |  |  | - |  |  |  | (71,164 | )
Provisions |  |  | 351,077 |  |  |  | 150,362 |  |  |  | 3,911 |  |  |  | (126,813 | ) |  |  | - |  |  |  | 378,537 |
Revaluation of financial instruments |  |  | 12,806 |  |  |  | 19,760 |  |  |  | (21,103 | ) |  |  | (3,179 | ) |  |  | - |  |  |  | 8,284 |
Tax losses (*) |  |  | 722,749 |  |  |  | 320,397 |  |  |  | - |  |  |  | (33,364 | ) |  |  | - |  |  |  | 1,009,782 |
Intangibles |  |  | (523,275 | ) |  |  | (8,362 | ) |  |  | - |  |  |  | 167,323 |  |  |  | - |  |  |  | (364,314 | )
Others |  |  | 9,587 |  |  |  | 45,638 |  |  |  | - |  |  |  | (62,182 | ) |  |  | (6,845 | ) |  |  | (13,802 | )
Total |  |  | (644,571 | ) |  |  | 270,904 |  |  |  | (17,192 | ) |  |  | (37,266 | ) |  |  | (6,845 | ) |  |  | (434,970 | )
| (b) | From January 1 to December 31, 2016
|  | Opening |  |  | Recognized in |  |  | Recognized in |  |  | Exchange |  |  |  |  |  | Ending |
|  | balance |  |  | consolidated |  |  | comprehensive |  |  | rate |  |  |  |  |  | balance |
|  | Assets/(liabilities) |  |  | income |  |  | income |  |  | variation |  |  | Others |  |  | Asset (liability) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Depreciation |  |  | (1,130,991 | ) |  |  | (241,435 | ) |  |  | - |  |  |  | (3,599 | ) |  |  | - |  |  |  | (1,376,025 | )
Leased assets |  |  | (251,302 | ) |  |  | 14,833 |  |  |  | - |  |  |  | (3,289 | ) |  |  | - |  |  |  | (239,758 | )
Amortization |  |  | (71,164 | ) |  |  | (4,375 | ) |  |  | - |  |  |  | (1,941 | ) |  |  | - |  |  |  | (77,480 | )
Provisions |  |  | 378,537 |  |  |  | (149,969 | ) |  |  | 921 |  |  |  | 53,448 |  |  |  | (1,568 | ) |  |  | 281,369 |
Revaluation of financial instruments |  |  | 8,284 |  |  |  | 28,294 |  |  |  | (34,695 | ) |  |  | 1,340 |  |  |  | - |  |  |  | 3,223 |
Tax losses (*) |  |  | 1,009,782 |  |  |  | 304,892 |  |  |  | - |  |  |  | 14,062 |  |  |  | - |  |  |  | 1,328,736 |
Intangibles |  |  | (364,314 | ) |  |  | 4,131 |  |  |  | - |  |  |  | (70,522 | ) |  |  | - |  |  |  | (430,705 | )
Others |  |  | (13,802 | ) |  |  | (30,185 | ) |  |  | - |  |  |  | 22,234 |  |  |  | 1,214 |  |  |  | (20,539 | )
Total |  |  | (434,970 | ) |  |  | (73,814 | ) |  |  | (33,774 | ) |  |  | 11,733 |  |  |  | (354 | ) |  |  | (531,179 | )
| (c) | From January 1 to December 31, 2017
|  | Opening |  |  | Recognized in |  |  | Recognized in |  |  | Exchange |  |  | Ending |
|  | balance |  |  | consolidated |  |  | comprehensive |  |  | rate |  |  | balance |
|  | Assets/(liabilities) |  |  | income |  |  | income |  |  | variation |  |  | Asset (liability) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Depreciation |  |  | (1,376,025 | ) |  |  | 185,282 |  |  |  | - |  |  |  | 322 |  |  |  | (1,190,421 | )
Leased assets |  |  | (239,758 | ) |  |  | (138,879 | ) |  |  | - |  |  |  | 294 |  |  |  | (378,343 | )
Amortization |  |  | (77,480 | ) |  |  | 22,486 |  |  |  | - |  |  |  | 174 |  |  |  | (54,820 | )
Provisions |  |  | 281,369 |  |  |  | (286,267 | ) |  |  | (785 | ) |  |  | (4,778 | ) |  |  | (10,461 | )
Revaluation of financial instruments |  |  | 3,223 |  |  |  | 2,417 |  |  |  | (1,770 | ) |  |  | (120 | ) |  |  | 3,750 |
Tax losses (*) |  |  | 1,328,736 |  |  |  | 152,081 |  |  |  | - |  |  |  | (1,257 | ) |  |  | 1,479,560 |
Intangibles |  |  | (430,705 | ) |  |  | 24,436 |  |  |  | - |  |  |  | (267 | ) |  |  | (406,536 | )
Others |  |  | (20,539 | ) |  |  | (7,547 | ) |  |  | - |  |  |  | (319 | ) |  |  | (28,405 | )
Total |  |  | (531,179 | ) |  |  | (45,991 | ) |  |  | (2,555 | ) |  |  | (5,951 | ) |  |  | (585,676 | )
Schedule of deferred tax assets not recognized | Deferred tax assets not recognized:
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |
Tax losses |  |  | 81,155 |  |  |  | 115,801 |
Total Deferred tax assets not recognized |  |  | 81,155 |  |  |  | 115,801 |
Schedule of deferred tax expense and current income taxes | Deferred tax expense and current income taxes:
|  | For the period ended |
|  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Current tax expense |  |  |  |  |  |  |  |  |  |  |  |
Current tax expense |  |  | 127,024 |  |  |  | 87,307 |  |  |  | 92,916 |
Adjustment to previous period’s current tax |  |  | 489 |  |  |  | 2,083 |  |  |  | (395 | )
Total current tax expense, net |  |  | 127,513 |  |  |  | 89,390 |  |  |  | 92,521 |
Deferred tax expense |  |  |  |  |  |  |  |  |  |  |  |
Deferred expense for taxes related to the creation and reversal of temporary differences |  |  | 45,991 |  |  |  | 73,814 |  |  |  | (270,904 | )
Reduction (increase) in value of deferred tax assets during the evaluation of its usefulness |  |  | - |  |  |  | - |  |  |  | - |
Total deferred tax expense, net |  |  | 45,991 |  |  |  | 73,814 |  |  |  | (270,904 | )
Income tax expense |  |  | 173,504 |  |  |  | 163,204 |  |  |  | (178,383 | )
Schedule of composition of income tax expense (income) | Composition of income tax expense (income):
|  | For the period ended |
|  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Current tax expense, net, foreign |  |  | 100,657 |  |  |  | 80,600 |  |  |  | 89,460 |
Current tax expense, net, Chile |  |  | 26,856 |  |  |  | 8,790 |  |  |  | 3,061 |
Total current tax expense, net |  |  | 127,513 |  |  |  | 89,390 |  |  |  | 92,521 |
Deferred tax expense, net, foreign |  |  | 21,846 |  |  |  | 119,175 |  |  |  | (280,445 | )
Deferred tax expense, net, Chile |  |  | 24,145 |  |  |  | (45,361 | ) |  |  | 9,541 |
Deferred tax expense, net, total |  |  | 45,991 |  |  |  | 73,814 |  |  |  | (270,904 | )
Income tax expense |  |  | 173,504 |  |  |  | 163,204 |  |  |  | (178,383 | )
Schedule of profit before tax by the legal tax rate | Profit before tax by the legal tax rate in Chile (25.5% and 24.0% at December 31, 2017 and 2016, respectively)
|  | For the period ended |  |  | For the period ended |
|  | December 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | % |  |  | % |  |  | % |
Tax expense using the legal rate (*) |  |  | 95,425 |  |  |  | 65,449 |  |  |  | (89,472 | ) |  |  | 25.50 |  |  |  | 24.00 |  |  |  | 22.50 |
Tax effect by change in tax rate (*) |  |  | 897 |  |  |  | - |  |  |  | - |  |  |  | 0.24 |  |  |  | - |  |  |  | - |
Tax effect of rates in other jurisdictions |  |  | 42,326 |  |  |  | 16,333 |  |  |  | (21,803 | ) |  |  | 11.31 |  |  |  | 5.99 |  |  |  | 5.48 |
Tax effect of non-taxable operating revenues |  |  | (44,593 | ) |  |  | (62,419 | ) |  |  | (106,381 | ) |  |  | (11.92 | ) |  |  | (22.89 | ) |  |  | 26.75 |
Tax effect of disallowable expenses |  |  | 35,481 |  |  |  | 132,469 |  |  |  | 38,677 |  |  |  | 9.48 |  |  |  | 48.58 |  |  |  | (9.73 | )
Tax effect of the use of tax losses not previously recognized |  |  | 211 |  |  |  | - |  |  |  | - |  |  |  | 0.06 |  |  |  | - |  |  |  | - |
Other increases (decreases) in legal tax charge |  |  | 43,757 |  |  |  | 11,372 |  |  |  | 596 |  |  |  | 11.69 |  |  |  | 4.17 |  |  |  | (0.15 | )
Total adjustments to tax expense using the legal rate |  |  | 78,079 |  |  |  | 97,755 |  |  |  | (88,911 | ) |  |  | 20.86 |  |  |  | 35.85 |  |  |  | 22.35 |
Tax expense using the effective rate |  |  | 173,504 |  |  |  | 163,204 |  |  |  | (178,383 | ) |  |  | 46.36 |  |  |  | 59.85 |  |  |  | 44.85 |
(*) On September 29, 2014, Law No. 20,780 "Amendment to the system of income taxation and introduces various adjustments in the tax system." was published in the Official Journal of the Republic of Chile. Within major tax reforms that this law contains, the First- Category Tax rate is gradually modified from 2014 to 2018 and should be declared and paid in tax year 2015.
Schedule of deferred taxes related to items charged to net equity | Deferred taxes related to items charged to net equity:
|  | For the period ended |
|  | December 31, |
|  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |
Aggregate deferred taxation of components of other comprehensive income |  |  | (2,555 | ) |  |  | (33,774 | )
Aggregate deferred taxation related to items charged to net equity |  |  | - |  |  |  | (807 | )

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