XML 69 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
TRADE AND OTHER ACCOUNTS RECEIVABLE CURRENT, AND NON-CURRENT ACCOUNTS RECEIVABLE (Tables)
 12 Months Ended
Dec. 31, 2017
Trade and other receivables [abstract]  
Schedule of trade and other accounts receivable

    As of     As of  
    December 31,     December 31,  
    2017     2016  
    ThUS$     ThUS$  
             
Trade accounts receivable     1,175,796       1,022,933  
Other accounts receivable     133,054       170,264  
Total trade and other accounts receivable     1,308,850       1,193,197  
Less: Allowance for impairment loss     (87,909 )     (77,054 )
Total net trade and accounts receivable     1,220,941       1,116,143  
Less: non-current portion – accounts receivable     (6,891 )     (8,254 )
Trade and other accounts receivable, current     1,214,050       1,107,889  
Schedule of matured accounts receivable and impaired

The maturity of these accounts at the end of each period is as follows:

 

    As of     As of  
    December 31,     December 31,  
    2017     2016  
    ThUS$     ThUS$  
             
Fully performing     1,040,671       907,358  
Matured accounts receivable, but not impaired                
Expired from 1 to 90 days     34,153       27,651  
Expired from 91 to 180 days     10,141       9,303  
More than 180 days overdue (*)     2,922       1,567  
Total matured accounts receivable, but not impaired     47,216       38,521  
                 
Matured accounts receivable and impaired Judicial, pre-judicial collection and protested documents     43,175       34,909  
Debtor under pre-judicial collection process and portfolio sensitization     44,734       42,145  
Total matured accounts receivable and impaired     87,909       77,054  
Total     1,175,796       1,022,933  

 

(*) Value of this segment corresponds primarily to accounts receivable that were evaluated in their ability to recover, therefore not requiring a provision.
Schedule of trade and other accounts receivable and non-current accounts receivable

Currency balances that make up the Trade and other accounts receivable and non-current accounts receivable are the following:

 

    As of     As of  
    December 31,     December 31,  
Currency   2017     2016  
    ThUS$     ThUS$  
             
Argentine Peso     49,958       82,770  
Brazilian Real     635,894       551,264  
Chilean Peso     90,302       101,041  
Colombian peso     3,249       16,454  
Euro     48,286       21,923  
US Dollar     257,324       312,394  
Other currency (*)     135,928       30,297  
Total     1,220,941       1,116,143  
                 
(*) Other currencies                
Australian Dollar     40,303       5,487  
Chinese Yuan     37       271  
Danish Krone     197       151  
Pound Sterling     5,068       3,904  
Indian Rupee     3,277       303  
Japanese Yen     18,756       2,601  
Norwegian Kroner     133       184  
Swiss Franc     2,430       1,512  
Korean Won     18,225       4,241  
New Taiwanese Dollar     2,983       662  
Other currencies     44,519       10,938  
Total     135,928       30,254  
Schedule of impairment losses are the maturity of the portfolio

The criteria used to determine that there is objective evidence of impairment losses are the maturity of the portfolio, specific acts of damage (default) and specific market signals.

 

Maturity   Impairment  
Judicial and pre-judicial collection assets     100 %
Over 1 year     100 %
Between 6 and 12 months     50 %
Schedule of allowance for impairment loss of trade and other accounts receivables

Movement in the allowance for impairment loss of Trade and other accounts receivables are the following:

 

    Opening           (Increase)     Closing  
    balance     Write-offs     Decrease     balance  
Periods   ThUS$     ThUS$     ThUS$     ThUS$  
From January 1 to December 31, 2015     (71,042 )     10,120       850       (60,072 )
From January 1 to December 31, 2016     (60,072 )     20,910       (37,892 )     (77,054 )
From January 1 to December 31, 2017     (77,054 )     8,249       (19,104 )     (87,909 )
Schedule of accounts receivable categories

The maximum credit-risk exposure at the date of presentation of the information is the fair value of each one of the categories of accounts receivable indicated above.

 

    As of December 31, 2017     As of December 31, 2016  
    Gross exposure     Gross     Exposure net     Gross exposure     Gross     Exposure net  
    according to     impaired     of risk     according to     Impaired     of risk  
    balance     exposure     concentrations     balance     exposure     concentrations  
    ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$  
                                     
Trade accounts receivable     1,175,796       (87,909 )     1,087,887       1,022,933       (77,054 )     945,879  
Other accounts receivable     133,054       -       133,054       170,264       -       170,264