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PARENT COMPANY FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Parent Company Financial Information [Abstract] |
Schedule of condensed balance sheets |
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
ASSETS |  | ThUS$ |  |  | ThUS$ |
Cash and cash equivalents |  |  |  |  |  |
Cash and cash equivalents |  |  | 549,766 |  |  |  | 1,295,042 |
Other financial assets |  |  | 78,706 |  |  |  | 32,407 |
Other non-financial assets |  |  | 38,557 |  |  |  | 82,318 |
Trade and other accounts receivable |  |  | 400,540 |  |  |  | 282,896 |
Accounts receivable from related entities |  |  | 933,853 |  |  |  | 412,370 |
Inventories |  |  | 121,949 |  |  |  | 168,686 |
Current tax assets |  |  | 4,846 |  |  |  | 2,545 |
Total current assets other than non-current assets (or disposal groups) classified as held for sale |  |  | 2,128,217 |  |  |  | 2,276,264 |
Non-current assets (or disposal groups) classified as held for sale |  |  | 161,347 |  |  |  | 300,367 |
Total current assets |  |  | 2,289,564 |  |  |  | 2,576,631 |
Non-current assets |  |  |  |  |  |  |  |
Other financial assets |  |  | 8,804 |  |  |  | 27,658 |
Investments accounted for using the equity method |  |  | 8,065,391 |  |  |  | 9,006,797 |
Other non-financial assets |  |  | 12,344 |  |  |  | 13,356 |
Accounts receivable |  |  | 10,551 |  |  |  | 2,975 |
Accounts receivable from related entities |  |  | 48,008 |  |  |  | 38,300 |
Intangible assets other than goodwill |  |  | 213,822 |  |  |  | 167,893 |
Property, plant and equipment |  |  | 7,980,150 |  |  |  | 8,683,419 |
Deferred tax assets |  |  | - |  |  |  | 553,122 |
Total non-current assets |  |  | 16,339,070 |  |  |  | 18,493,520 |
Total assets |  |  | 18,628,634 |  |  |  | 21,070,151 |
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
LIABILITIES AND EQUITY |  | 2021 |  |  | 2020 |
LIABILITIES |  | ThUS$ |  |  | ThUS$ |
Current liabilities |  |  |  |  |  |
Other financial liabilities |  |  | 3,777,465 |  |  |  | 2,347,033 |
Trade and other accounts payables |  |  | 3,670,381 |  |  |  | 1,013,399 |
Accounts payable to related entities |  |  | 1,650,246 |  |  |  | 1,481,281 |
Other provisions |  |  | 99 |  |  |  | 32 |
Other non-financial liabilities |  |  | 1,487,629 |  |  |  | 1,411,582 |
Total current liabilities |  |  | 10,585,820 |  |  |  | 6,253,327 |
Non-current liabilities |  |  |  |  |  |  |  |
Other financial liabilities |  |  | 4,041,347 |  |  |  | 5,631,916 |
Accounts payable |  |  | 303,309 |  |  |  | 416,034 |
Accounts payable to related entities |  |  | 177,779 |  |  |  | 574,202 |
Other provisions |  |  | 10,045,195 |  |  |  | 9,892,007 |
Employee benefits |  |  | 33,145 |  |  |  | 47,915 |
Other non-financial liabilities |  |  | 508,943 |  |  |  | 697,135 |
Total non-current liabilities |  |  | 15,109,718 |  |  |  | 17,259,209 |
Total liabilities |  |  | 25,695,538 |  |  |  | 23,512,536 |
EQUITY |  |  |  |  |  |  |  |
Share capital |  |  | 3,146,265 |  |  |  | 3,146,265 |
Retained earnings/(losses) |  |  | (8,841,106 | ) |  |  | (4,193,615 | )
Treasury Shares |  |  | (178 | ) |  |  | (178 | )
Other reserves |  |  | (1,361,529 | ) |  |  | (1,388,185 | )
Parent’s ownership interest |  |  | (7,056,548 | ) |  |  | (2,435,713 | )
Non-controlling interest |  |  | (10,356 | ) |  |  | (6,672 | )
Total equity |  |  | (7,066,904 | ) |  |  | (2,442,385 | )
Total liabilities and equity |  |  | 18,628,634 |  |  |  | 21,070,151 |
Schedule of condensed income statement |
|  | For the year ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Revenue |  |  | 1,485,841 |  |  |  | 1,272,077 |  |  |  | 2,958,270 |
Cost of sales |  |  | (1,964,137 | ) |  |  | (2,099,716 | ) |  |  | (2,860,173 | )
Gross margin |  |  | (478,296 | ) |  |  | (827,639 | ) |  |  | 98,097 |
Other income |  |  | 712,997 |  |  |  | 948,160 |  |  |  | 1,124,033 |
Distribution costs |  |  | (134,366 | ) |  |  | (125,563 | ) |  |  | (222,585 | )
Administrative expenses |  |  | (199,409 | ) |  |  | (225,557 | ) |  |  | (326,640 | )
Other expenses |  |  | (197,737 | ) |  |  | (154,582 | ) |  |  | (211,830 | )
Restructuring activities expenses |  |  | (2,177,754 | ) |  |  | (837,673 | ) |  |  | - |
Other gains/(losses) |  |  | 39,471 |  |  |  | (98,790 | ) |  |  | 15,367 |
Income from operation activities |  |  | (2,435,094 | ) |  |  | (1,321,644 | ) |  |  | 476,442 |
Financial income |  |  | 8,905 |  |  |  | 11,812 |  |  |  | 23,262 |
Financial costs |  |  | (579,304 | ) |  |  | (410,153 | ) |  |  | (479,596 | )
Share of profit of investments accounted for using the equity method |  |  | (1,168,898 | ) |  |  | (3,537,259 | ) |  |  | 88,429 |
Foreign exchange gains/(losses) |  |  | 72,888 |  |  |  | (66,004 | ) |  |  | (76,122 | )
Result of indexation units |  |  | (799 | ) |  |  | - |  |  |  | 67 |
Income (loss) before taxes |  |  | (4,102,302 | ) |  |  | (5,323,248 | ) |  |  | 32,482 |
Income tax expense / benefit |  |  | (550,840 | ) |  |  | 767,713 |  |  |  | 163,131 |
NET INCOME (LOSS) FOR THE YEAR |  |  | (4,653,142 | ) |  |  | (4,555,535 | ) |  |  | 195,613 |
Schedule of condensed cash flow statement |
|  | For the year ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Cash collection from operating activities |  |  |  |  |  |  |  |  |
Proceeds from sales of goods and services |  |  | 2,046,751 |  |  |  | 2,240,961 |  |  |  | 6,621,168 |
Other cash receipts from operating activities |  |  | 38,268 |  |  |  | 52,192 |  |  |  | 122,637 |
Payments for operating activities |  |  |  |  |  |  |  |  |  |  |  |
Payments to suppliers for goods and services |  |  | (2,085,094 | ) |  |  | (1,713,223 | ) |  |  | (4,491,682 | )
Payments to and on behalf of employees |  |  | (295,030 | ) |  |  | (298,370 | ) |  |  | (466,212 | )
Other payments for operating activities |  |  | (29,363 | ) |  |  | (27,757 | ) |  |  | (67,056 | )
Interest received |  |  | - |  |  |  | - |  |  |  | 5,127 |
Income taxes (paid) |  |  | (898 | ) |  |  | (2,764 | ) |  |  | - |
Other cash inflows (outflows) |  |  | (37,992 | ) |  |  | 61,532 |  |  |  | 302,246 |
Net cash flows from operating activities |  |  | (363,358 | ) |  |  | 312,571 |  |  |  | 2,026,228 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from losses of control of subsidiaries or other businesses |  |  | 752 |  |  |  | - |  |  |  | - |
Cash flows used to obtain control of subsidiaries or other businesses |  |  | (12,375 | ) |  |  | (349,125 | ) |  |  | - |
Other cash receipts from sales of equity or debt instruments of other entities |  |  | - |  |  |  | 30,439 |  |  |  | 172,122 |
Other payments to acquire equity or debt instruments of other entities |  |  | - |  |  |  | (27,199 | ) |  |  | (172,295 | )
Amounts raised from sale of property, plant and equipment |  |  | 105,000 |  |  |  | 75,566 |  |  |  | 42,600 |
Purchases of property, plant and equipment |  |  | (574,431 | ) |  |  | (163,022 | ) |  |  | (578,498 | )
Purchases of intangible assets |  |  | (85,449 | ) |  |  | (70,363 | ) |  |  | (66,018 | )
Interest received |  |  | 1,644 |  |  |  | 3,235 |  |  |  | 12,757 |
Other cash inflows (outflows) |  |  | 18,900 |  |  |  | - |  |  |  | - |
Net cash flow (used in) investing activities |  |  | (545,959 | ) |  |  | (500,469 | ) |  |  | (589,332 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Payments for changes in ownership interests in subsidiaries that do not result in loss of control |  |  | - |  |  |  | (3,225 | ) |  |  | - |
Amounts raised from long-term loans |  |  | 1,665 |  |  |  | 1,361,807 |  |  |  | 370,139 |
Amounts raised from short-term loans |  |  | 661,609 |  |  |  | 296,267 |  |  |  | 93,000 |
Loans from Related Entities |  |  | 130,102 |  |  |  | 373,125 |  |  |  | - |
Loans repayments |  |  | (135,837 | ) |  |  | (749,258 | ) |  |  | (1,632,577 | )
Payments of lease liabilities |  |  | (391,879 | ) |  |  | (90,335 | ) |  |  | - |
Dividends paid |  |  | - |  |  |  | - |  |  |  | (54,580 | )
Interest paid |  |  | (90,585 | ) |  |  | (135,859 | ) |  |  | (283,612 | )
Other cash inflows (outflows) |  |  | (11,034 | ) |  |  | (107,782 | ) |  |  | (58,704 | )
Net cash flows (used in) financing activities |  |  | 164,041 |  |  |  | 944,740 |  |  |  | (1,566,334 | )
Net increase in cash and cash equivalents before effect of exchanges rate change |  |  | (745,276 | ) |  |  | 756,842 |  |  |  | (129,438 | )
Effects of variation in the exchange rate on cash and cash equivalents |  |  | - |  |  |  | - |  |  |  | 5,183 |
Net increase (decrease) in cash and cash equivalents |  |  | (745,276 | ) |  |  | 756,842 |  |  |  | (124,255 | )
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF YEAR |  |  | 1,295,042 |  |  |  | 538,200 |  |  |  | 662,455 |
CASH AND CASH EQUIVALENTS AT THE END OF YEAR |  |  | 549,766 |  |  |  | 1,295,042 |  |  |  | 538,200 |

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