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EMPLOYEE BENEFITS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Disclosure of defined benefit plans [abstract] |
Schedule of composition of employee benefits |
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |
Retirements payments |  |  | 56,126 |  |  |  | 55,119 |
Resignation payments |  |  | 8,802 |  |  |  | 10,124 |
Other obligations |  |  | 17,437 |  |  |  | 35,844 |
Total liability for employee benefits |  |  | 82,365 |  |  |  | 101,087 |
Schedule of movement of employee benefits | The movement in retirements and resignation payments and other obligations:
|  |  |  |  | Increase (decrease) |  |  |  |  |  | Actuarial |  |  |  |  |  |  |
|  | Opening |  |  | current service |  |  | Benefits |  |  | (gains) |  |  | Currency |  |  | Closing |
|  | balance |  |  | provision |  |  | paid |  |  | losses |  |  | translation |  |  | balance |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
From January 1 to December 31, 2016 |  |  | 65,271 |  |  |  | 17,487 |  |  |  | (4,536 | ) |  |  | 3,105 |  |  |  | 995 |  |  |  | 82,322 |
From January 1 to December 31, 2017 |  |  | 82,322 |  |  |  | 21,635 |  |  |  | (5,399 | ) |  |  | (2,763 | ) |  |  | 5,292 |  |  |  | 101,087 |
From January 1 to December 31, 2018 |  |  | 101,087 |  |  |  | (7,384 | ) |  |  | (6,018 | ) |  |  | 5,820 |  |  |  | (11,140 | ) |  |  | 82,365 |
Schedule of principal assumptions | The principal assumptions used in the calculation to the provision in Chile are presented below:
|  | As of
|  | December 31,
Assumptions |  | 2018 |  | 2017
Discount rate |  | 4.27% |  | 4.55%
Expected rate of salary increase |  | 4.50% |  | 4.50%
Rate of turnover |  | 6.60% |  | 6.98%
Mortality rate |  | RV-2014 |  | RV-2014
Inflation rate |  | 2.70% |  | 2.72%
Retirement age of women |  | 60 |  | 60
Retirement age of men |  | 65 |  | 65
Schedule of sensitivity analysis actuarial assumptions | The sensitivity analysis for these variables is presented below:
|  | Effect on the liability |
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  |  | ThUS$ |  |  |  | ThUS$ |
Discount rate |  |  |  |  |  |  |  |
Change in the accrued liability an closing for increase in 100 p.b. |  |  | (6,538 | ) |  |  | (5,795 | )
Change in the accrued liability an closing for decrease of 100 p.b. |  |  | 4,918 |  |  |  | 6,617 |
Rate of wage growth |  |  |  |  |  |  |  |
Change in the accrued liability an closing for increase in 100 p.b. |  |  | 4,750 |  |  |  | 6,412 |
Change in the accrued liability an closing for decrease of 100 p.b. |  |  | (6,547 | ) |  |  | (5,750 | )
Schedule of liability for short-term | The liability for short-term:
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |
Profit-sharing and bonuses (*) |  |  | 81,222 |  |  |  | 99,862 |
| (*) | Accounts payables to employees (Note 20 letter b)
Schedule of employment expenses |
Employment expenses are detailed below:
|  | For the year ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Salaries and wages |  |  | 1,481,357 |  |  |  | 1,604,552 |  |  |  | 1,549,402 |
Short-term employee benefits |  |  | 132,394 |  |  |  | 145,245 |  |  |  | 132,436 |
Termination benefits |  |  | 54,007 |  |  |  | 85,070 |  |  |  | 79,062 |
Other personnel expenses |  |  | 152,211 |  |  |  | 188,767 |  |  |  | 190,233 |
Total |  |  | 1,819,969 |  |  |  | 2,023,634 |  |  |  | 1,951,133 |

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- Definition The disclosure of additional information about defined benefit plans necessary to meet the objectives of IAS 19. [Refer: Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2018-01-01 -Paragraph 137 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=19&date=2018-03-01&anchor=para_137&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition The disclosure of defined benefit plans. [Refer: Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2018-01-01 -Paragraph 138 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=19&date=2018-03-01&anchor=para_138&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2018-01-01 -Paragraph 140 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=19&date=2018-03-01&anchor=para_140_a&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2018-01-01 -Paragraph 145 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=19&date=2018-03-01&anchor=para_145&doctype=Standard -URIDate 2018-03-16 + Details
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