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CURRENT AND DEFERRED TAXES (Tables) | 12 Months Ended
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Dec. 31, 2018
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, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Provisional monthly payments (advances) |  |  | 48,480 |  |  |  | 65,257 |  |  |  | - |  |  |  | - |  |  |  | 48,480 |  |  |  | 65,257 |
Other recoverable credits |  |  | 20,654 |  |  |  | 12,730 |  |  |  | 757 |  |  |  | 17,532 |  |  |  | 21,411 |  |  |  | 30,262 |
Total assets by current tax |  |  | 69,134 |  |  |  | 77,987 |  |  |  | 757 |  |  |  | 17,532 |  |  |  | 69,891 |  |  |  | 95,519 |
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, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Income tax provision |  |  | 3,738 |  |  |  | 3,511 |  |  |  | - |  |  |  | - |  |  |  | 3,738 |  |  |  | 3,511 |
Total liabilities by current tax |  |  | 3,738 |  |  |  | 3,511 |  |  |  | - |  |  |  | - |  |  |  | 3,738 |  |  |  | 3,511 |
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 |
Concept |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Depreciation |  |  | 225,967 |  |  |  | 210,855 |  |  |  | 1,225,199 |  |  |  | 1,401,277 |
Leased assets |  |  | (75,136 | ) |  |  | (103,201 | ) |  |  | 508,128 |  |  |  | 275,142 |
Amortization |  |  | (983 | ) |  |  | (484 | ) |  |  | 55,880 |  |  |  | 54,335 |
Provisions |  |  | (38,303 | ) |  |  | (9,771 | ) |  |  | (75,631 | ) |  |  | 690 |
Revaluation of financial instruments |  |  | 445 |  |  |  | (734 | ) |  |  | 458 |  |  |  | (4,484 | )
Tax losses |  |  | 170,980 |  |  |  | 290,973 |  |  |  | (1,198,170 | ) |  |  | (1,188,586 | )
Intangibles |  |  | - |  |  |  | - |  |  |  | 351,238 |  |  |  | 406,536 |
Others |  |  | (9,643 | ) |  |  | (23,617 | ) |  |  | 5,019 |  |  |  | 4,787 |
Total |  |  | 273,327 |  |  |  | 364,021 |  |  |  | 872,121 |  |  |  | 949,697 |
Schedule of movements of deferred tax assets and liabilities | Movements of Deferred tax assets and liabilities
| (a) | 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 | )
| (b) | 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 | )
| (c) | From January 1 to December 31, 2018
|  | 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 |  |  | (1,190,421 | ) |  |  | 188,052 |  |  |  | - |  |  |  | 3,137 |  |  |  | (999,232 | )
Leased assets |  |  | (378,343 | ) |  |  | (207,787 | ) |  |  | - |  |  |  | 2,866 |  |  |  | (583,264 | )
Amortization |  |  | (54,820 | ) |  |  | (3,735 | ) |  |  | - |  |  |  | 1,692 |  |  |  | (56,863 | )
Provisions |  |  | (10,461 | ) |  |  | 92,804 |  |  |  | 1,567 |  |  |  | (46,582 | ) |  |  | 37,328 |
Revaluation of financial instruments |  |  | 3,750 |  |  |  | (2,326 | ) |  |  | (269 | ) |  |  | (1,168 | ) |  |  | (13 | )
Tax losses (*) |  |  | 1,479,560 |  |  |  | (98,154 | ) |  |  | - |  |  |  | (12,256 | ) |  |  | 1,369,150 |
Intangibles |  |  | (406,536 | ) |  |  | 20,000 |  |  |  | - |  |  |  | 35,298 |  |  |  | (351,238 | )
Others |  |  | (28,405 | ) |  |  | 16,853 |  |  |  | - |  |  |  | (3,110 | ) |  |  | (14,662 | )
Total |  |  | (585,676 | ) |  |  | 5,707 |  |  |  | 1,298 |  |  |  | (20,123 | ) |  |  | (598,794 | )
Schedule of deferred tax assets not recognized |
Deferred tax assets not recognized: |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |
Tax losses |  |  | 137,761 |  |  |  | 81,155 |
Total Deferred tax assets not recognized |  |  | 137,761 |  |  |  | 81,155 |
Schedule of deferred tax expense and current income taxes | Deferred tax expense and current income taxes:
|  | For the year ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Current tax expense |  |  |  |  |  |  |  |  |  |  |  |
Current tax expense |  |  | 77,713 |  |  |  | 127,024 |  |  |  | 87,307 |
Adjustment to previous period’s current tax |  |  | 362 |  |  |  | 489 |  |  |  | 2,083 |
Total current tax expense, net |  |  | 78,075 |  |  |  | 127,513 |  |  |  | 89,390 |
Deferred tax expense |  |  |  |  |  |  |  |  |  |  |  |
Deferred expense for taxes related to the creation and reversal of temporary differences |  |  | 5,707 |  |  |  | 45,991 |  |  |  | 73,814 |
Total deferred tax expense, net |  |  | 5,707 |  |  |  | 45,991 |  |  |  | 73,814 |
Income tax expense |  |  | 83,782 |  |  |  | 173,504 |  |  |  | 163,204 |
Schedule of composition of income tax expense (income) | Composition of income tax expense (income):
|  | For the year ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Current tax expense, net, foreign |  |  | 65,850 |  |  |  | 100,657 |  |  |  | 80,600 |
Current tax expense, net, Chile |  |  | 12,225 |  |  |  | 26,856 |  |  |  | 8,790 |
Total current tax expense, net |  |  | 78,075 |  |  |  | 127,513 |  |  |  | 89,390 |
Deferred tax expense, net, foreign |  |  | 58,271 |  |  |  | 21,846 |  |  |  | 119,175 |
Deferred tax expense, net, Chile |  |  | (52,564 | ) |  |  | 24,145 |  |  |  | (45,361 | )
Deferred tax expense, net, total |  |  | 5,707 |  |  |  | 45,991 |  |  |  | 73,814 |
Income tax expense |  |  | 83,782 |  |  |  | 173,504 |  |  |  | 163,204 |
Schedule of profit before tax by the legal tax rate | Profit before tax by the legal tax rate in Chile (27% and 25.5% at December 31, 2018 and 2017, respectively)
|  | For the year ended |  |  | For the year ended |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |  |  | 2018 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | % |  |  | % |  |  | % |
Tax expense using the legal rate |  |  | 80,198 |  |  |  | 95,425 |  |  |  | 65,449 |  |  |  | 27.00 |  |  |  | 25.50 |  |  |  | 24.00 |
Tax effect by change in tax rate |  |  | 5,587 |  |  |  | 897 |  |  |  | - |  |  |  | 1.88 |  |  |  | 0.24 |  |  |  | - |
Tax effect of rates in other jurisdictions |  |  | 3,287 |  |  |  | 42,326 |  |  |  | 16,333 |  |  |  | 1.11 |  |  |  | 11.31 |  |  |  | 5.99 |
Tax effect of non-taxable operating revenues |  |  | (3,076 | ) |  |  | (44,593 | ) |  |  | (62,419 | ) |  |  | (1.04 | ) |  |  | (11.92 | ) |  |  | (22.89 | )
Tax effect of disallowable expenses |  |  | 61,295 |  |  |  | 35,481 |  |  |  | 132,469 |  |  |  | 20.64 |  |  |  | 9.48 |  |  |  | 48.58 |
Tax effect of due to the non-use of tax losses |  |  | 46,492 |  |  |  | 211 |  |  |  | - |  |  |  | 15.65 |  |  |  | 0.06 |  |  |  | - |
Other increases (decreases) in legal tax charge |  |  | (110,001 | ) |  |  | 43,757 |  |  |  | 11,372 |  |  |  | (37.03 | ) |  |  | 11.69 |  |  |  | 4.17 |
Total adjustments to tax expense using the legal rate |  |  | 3,584 |  |  |  | 78,079 |  |  |  | 97,755 |  |  |  | 1.21 |  |  |  | 20.86 |  |  |  | 35.85 |
Tax expense using the effective rate |  |  | 83,782 |  |  |  | 173,504 |  |  |  | 163,204 |  |  |  | 28.21 |  |  |  | 46.36 |  |  |  | 59.85 |
Schedule of deferred taxes related to items charged to net equity | Deferred taxes related to items charged to net equity:
|  | For the year ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |
Aggregate deferred taxation of components of other comprehensive income |  |  | 1,298 |  |  |  | (2,555 | )

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