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CURRENT AND DEFERRED TAXES (Tables)

12 Months Ended

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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