XML 133 R65.htm IDEA: XBRL DOCUMENT v3.22.1
EMPLOYEE BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of employee benefits [text block] [Abstract]  
Schedule of defined benefit plans
   As of   As of 
   December 31,   December 31, 
   2021   2020 
   ThUS$   ThUS$ 
         
Retirements payments   35,075    51,007 
Resignation payments   5,817    8,230 
Other obligations   15,341    14,879 
           
Total liability for employee benefits   56,233    74,116 

 
Schedule of movement in retirements and resignation payments and other obligations
   Opening  

Increase
(decrease)

current service		   Benefits  

Actuarial

(gains)		   Currency   Closing 
   balance   provision   paid   losses   translation   balance 
   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$ 
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 
From January 1 to December 31, 2021    74,116    (11,391)   (5,136)   10,018    (11,374)   56,233 

 
Schedule of principal assumptions
   For the year ended 
   December 31, 
Assumptions  2021   2020 
         
         
Discount rate    5.81%  2.67%
Expected rate of salary increase    3.00%  2.80%
Rate of turnover     5.14%  5.56%
Mortality rate    RV-2014     RV-2014 
Inflation rate    3.4%  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, 
   2021   2020 
   ThUS$   ThUS$ 
Discount rate        
Change in the accrued liability an closing for increase in 100 p.b.   (2,642)   (4,576)
Change in the accrued liability an closing for decrease of 100 p.b.   2,959    5,244 
           
Rate of wage growth          
Change in the accrued liability an closing for increase in 100 p.b.   2,849    4,946 
Change in the accrued liability an closing for decrease of 100 p.b.   (2,613)   (4,678)

 
Schedule of liability for short-term
   As of   As of 
   December 31,   December 31, 
   2021   2020 
   ThUS$   ThUS$ 
Profit-sharing and bonuses (*)   58,153    2,186 

 

(*)Accounts payables to employees (Note 20 letter b)

 
Schedule of employment expenses
   For the year ended 
   December 31, 
   2021   2020   2019 
   ThUS$   ThUS$   ThUS$ 
Salaries and wages   825,792    850,557    1,478,804 
Short-term employee benefits   122,650    41,259    147,576 
Other personnel expenses   93,457    70,244    168,382 
Total   1,041,899    962,060    1,794,762