XML 81 R66.htm IDEA: XBRL DOCUMENT v3.20.4
EMPLOYEE BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure of employee benefits [text block] [Abstract]  
Schedule of defined benefit plans
   As of   As of 
   December 31,   December 31, 
   2020   2019 
   ThUS$   ThUS$ 
         
Retirements payments   51,007    64,824 
Resignation payments   8,230    9,722 
Other obligations   14,879    19,024 
Total liability for employee benefits   74,116    93,570 
Schedule of 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, 2018   101,087    (7,384)   (6,018)   5,819    (11,139)   82,365 
From January 1 to December 31, 2019   82,365    11,242    (4,390)   10,636    (6,283)   93,570 
From January 1 to December 31, 2020   93,570    (18,759)   (8,634)   3,968    3,971    74,116 
Schedule of principal assumptions
   For the period ended 
   December 31, 
Assumptions  2020   2019 
         
Discount rate   2.67%   3.13%
Expected rate of salary increase   2.80%   4.50%
Rate of turnover   5.56%   6.04%
Mortality rate   RV-2014    RV-2014 
Inflation rate   2.8%   2.8%
Retirement age of women   60    60 
Retirement age of men   65    65 
Schedule of sensitivity analysis for the variables
   Effect on the liability 
   As of   As of 
   December 31,   December 31, 
   2020   2019 
   ThUS$   ThUS$ 
Discount rate        
Change in the accrued liability an closing for increase in 100 p.b.   (4,576)   (7,257)
Change in the accrued liability an closing for decrease of 100 p.b.   5,244    5,365 
           
Rate of wage growth          
Change in the accrued liability an closing for increase in 100 p.b.   4,946    4,989 
Change in the accrued liability an closing for decrease of 100 p.b.   (4,678)   (7,159)
Schedule of liability for short-term
   As of   As of 
   December 31,   December 31, 
   2020   2019 
   ThUS$   ThUS$ 
           
Profit-sharing and bonuses (*)   2,186    91,153 

(*) Accounts payables to employees (Note 20 letter b)
Schedule of employment expenses
   For the year ended 
   December 31, 
   2020   2019   2018 
   ThUS$   ThUS$   ThUS$ 
             
Salaries and wages   850,557    1,478,804    1,481,357 
Short-term employee benefits   41,259    147,576    132,394 
Termination benefits (*)   -    54,256    54,007 
Other personnel expenses   70,244    114,126    152,211 
                
Total   962,060    1,794,762    1,819,969 

(*) The termination benefits related to the reorganization under Chapter 11 are classified in Note 27, Restructuring activities expense.