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PARENT COMPANY FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Parent Company Financial Information Abstract |
Schedule of condensed balance sheets |
ASSETS |  |  |  |  |  |
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
|  |  |  |  | ThUS$ |
Cash and cash equivalents |  |  |  |  |  |
Cash and cash equivalents |  |  | 632,826 |  |  |  | 549,766 |
Other financial assets |  |  | 155,093 |  |  |  | 78,706 |
Other non-financial assets |  |  | 59,828 |  |  |  | 38,557 |
Trade and other accounts receivable |  |  | 380,204 |  |  |  | 400,540 |
Accounts receivable from related entities |  |  | 3,090,910 |  |  |  | 933,853 |
Inventories |  |  | 206,690 |  |  |  | 121,949 |
Current tax assets |  |  | 357 |  |  |  | 4,846 |
Total current assets other than non-current assets (or disposal groups) classified as held for sale |  |  | 4,525,908 |  |  |  | 2,128,217 |
Non-current assets (or disposal groups) classified as held for sale |  |  | 61,979 |  |  |  | 161,347 |
Total current assets |  |  | 4,587,887 |  |  |  | 2,289,564 |
Non-current assets |  |  |  |  |  |  |  |
Other financial assets |  |  | 6,086 |  |  |  | 8,804 |
Investments accounted for using the equity method |  |  | 8,041,156 |  |  |  | 8,065,391 |
Other non-financial assets |  |  | 8,636 |  |  |  | 12,344 |
Accounts receivable |  |  | 10,900 |  |  |  | 10,551 |
Accounts receivable from related entities |  |  | 33,551 |  |  |  | 48,008 |
Intangible assets other than goodwill |  |  | 228,940 |  |  |  | 213,822 |
Property, plant and equipment |  |  | 7,176,141 |  |  |  | 7,980,150 |
Deferred tax assets |  |  | - |  |  |  | - |
Total non-current assets |  |  | 15,505,410 |  |  |  | 16,339,070 |
Total assets |  |  | 20,093,297 |  |  |  | 18,628,634 |
LIABILITIES AND EQUITY |  |  |  |  |  |
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
|  | ThUS$ |  |  | ThUS$ |
LIABILITIES |  |  |  |  |  |
Current liabilities |  |  |  |  |  |
Other financial liabilities |  |  | 465,310 |  |  |  | 3,777,465 |
Trade and other accounts payables |  |  | 692,841 |  |  |  | 3,670,381 |
Accounts payable to related entities |  |  | 411,898 |  |  |  | 1,650,246 |
Other provisions |  |  | 883 |  |  |  | 99 |
Current tax liabilities |  |  | - |  |  |  | - |
Other non-financial liabilities |  |  | 1,651,621 |  |  |  | 1,487,629 |
Total current liabilities other than (or disposal groups) classified as held for sale |  |  | 3,222,553 |  |  |  | 10,585,820 |
Liabilities included in disposal groups classified as held for sale |  |  | - |  |  |  | - |
Total current liabilities |  |  | 3,222,553 |  |  |  | 10,585,820 |
Non-current liabilities |  |  |  |  |  |  |  |
Other financial liabilities |  |  | 5,720,415 |  |  |  | 4,041,347 |
Accounts payable |  |  | 279,245 |  |  |  | 303,309 |
Accounts payable to related entities |  |  | 177,779 |  |  |  | 177,779 |
Other provisions |  |  | 10,175,678 |  |  |  | 10,045,195 |
Employee benefits |  |  | 68,740 |  |  |  | 33,145 |
Other non-financial liabilities |  |  | 418,166 |  |  |  | 508,943 |
Total non-current liabilities |  |  | 16,840,023 |  |  |  | 15,109,718 |
Total liabilities |  |  | 20,062,576 |  |  |  | 25,695,538 |
EQUITY |  |  |  |  |  |  |  |
Share capital |  |  | 13,298,486 |  |  |  | 3,146,265 |
Retained earnings/(losses) |  |  | (7,501,896 | ) |  |  | (8,841,106 | )
Treasury Shares |  |  | (178 | ) |  |  | (178 | )
Other equity |  |  | 39 |  |  |  | - |
Other reserves |  |  | (5,754,173 | ) |  |  | (1,361,529 | )
Parent’s ownership interest |  |  | 42,278 |  |  |  | (7,056,548 | )
Non-controlling interest |  |  | (11,557 | ) |  |  | (10,356 | )
Total equity |  |  | 30,721 |  |  |  | (7,066,904 | )
Total liabilities and equity |  |  | 20,052,794 |  |  |  | 18,628,634 |
Schedule of condensed income statement |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Revenue |  |  | 2,502,673 |  |  |  | 1,485,841 |  |  |  | 1,272,077 |
Cost of sales |  |  | (2,628,251 | ) |  |  | (1,964,137 | ) |  |  | (2,099,716 | )
Gross margin |  |  | (125,578 | ) |  |  | (478,296 | ) |  |  | (827,639 | )
Other income |  |  | 1,013,438 |  |  |  | 712,997 |  |  |  | 948,160 |
Distribution costs |  |  | (126,539 | ) |  |  | (134,366 | ) |  |  | (125,563 | )
Administrative expenses |  |  | (274,358 | ) |  |  | (199,409 | ) |  |  | (225,557 | )
Other expenses |  |  | (257,558 | ) |  |  | (197,737 | ) |  |  | (154,582 | )
Restructuring activities expenses |  |  | 1,581,372 |  |  |  | (2,177,754 | ) |  |  | (837,673 | )
Other gains/(losses) |  |  | (272,862 | ) |  |  | 39,471 |  |  |  | (98,790 | )
Income from operation activities |  |  | 1,537,915 |  |  |  | (2,435,094 | ) |  |  | (1,321,644 | )
Financial income |  |  | 652,263 |  |  |  | 8,905 |  |  |  | 11,812 |
Financial costs |  |  | (743,704 | ) |  |  | (579,304 | ) |  |  | (410,153 | )
Share of profit of investments accounted for using the equity method |  |  | (115,985 | ) |  |  | (1,168,898 | ) |  |  | (3,537,259 | )
Foreign exchange gains/(losses) |  |  | 11,377 |  |  |  | 72,888 |  |  |  | (66,004 | )
Result of indexation units |  |  | (56 | ) |  |  | (799 | ) |  |  | - |
Income (loss) before taxes |  |  | 1,341,810 |  |  |  | (4,102,302 | ) |  |  | (5,323,248 | )
Income tax expense / benefit |  |  | (4,673 | ) |  |  | (550,840 | ) |  |  | 767,713 |
NET INCOME (LOSS) |  |  | 1,337,137 |  |  |  | (4,653,142 | ) |  |  | (4,555,535 | )
Schedule of condensed cash flow statement |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Cash collection from operating activities |  |  |  |  |  |  |  |  |
Proceeds from sales of goods and services |  |  | 4,110,719 |  |  |  | 2,046,751 |  |  |  | 2,240,961 |
Other cash receipts from operating activities |  |  | 99,874 |  |  |  | 38,268 |  |  |  | 52,192 |
Payments for operating activities |  |  |  |  |  |  |  |  |  |  |  |
Payments to suppliers for goods and services |  |  | (4,127,400 | ) |  |  | (2,075,236 | ) |  |  | (1,713,223 | )
Payments to and on behalf of employees |  |  | (320,849 | ) |  |  | (295,030 | ) |  |  | (298,370 | )
Other payments for operating activities |  |  | (65,019 | ) |  |  | (29,363 | ) |  |  | (27,757 | )
Interest received |  |  | - |  |  |  | - |  |  |  | - |
Income taxes (paid) |  |  | (647 | ) |  |  | (898 | ) |  |  | (2,764 | )
Other cash inflows (outflows) |  |  | (55,495 | ) |  |  | (37,992 | ) |  |  | 61,532 |
Net cash flows from operating activities |  |  | (358,817 | ) |  |  | (353,500 | ) |  |  | 312,571 |
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 |
Other payments to acquire equity or debt instruments of other entities |  |  | - |  |  |  | - |  |  |  | (27,199 | )
Amounts raised from sale of property, plant and equipment |  |  | 56,378 |  |  |  | 105,000 |  |  |  | 75,566 |
Purchases of property, plant and equipment |  |  | (705,993 | ) |  |  | (584,289 | ) |  |  | (163,022 | )
Purchases of intangible assets |  |  | (48,458 | ) |  |  | (85,449 | ) |  |  | (70,363 | )
Interest received |  |  | 6,974 |  |  |  | 1,644 |  |  |  | 3,235 |
Other cash inflows (outflows) |  |  | 6,300 |  |  |  | 18,900 |  |  |  | - |
Net cash flow (used in) investing activities |  |  | (684,799 | ) |  |  | (555,817 | ) |  |  | (500,469 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the issuance of shares |  |  | 549,038 |  |  |  | - |  |  |  | - |
Payments for changes in ownership interests in subsidiaries that do not result in loss of control |  |  | - |  |  |  | - |  |  |  | (3,225 | )
Amounts from the issuance of other equity instruments |  |  | 3,202,790 |  |  |  | - |  |  |  | - |
Amounts raised from long-term loans |  |  | 2,361,875 |  |  |  | 1,665 |  |  |  | 1,361,807 |
Amounts raised from short-term loans |  |  | 4,856,025 |  |  |  | 661,609 |  |  |  | 296,267 |
Loans from Related Entities |  |  | 770,522 |  |  |  | 130,102 |  |  |  | 373,125 |
Loans repayments |  |  | (8,836,572 | ) |  |  | (135,837 | ) |  |  | (749,258 | )
Payments of loans to related entities |  |  | (1,008,483 | ) |  |  | - |  |  |  | - |
Payments of lease liabilities |  |  | (116,012 | ) |  |  | (391,879 | ) |  |  | (90,335 | )
Dividends paid |  |  | - |  |  |  | - |  |  |  | - |
Interest paid |  |  | (501,539 | ) |  |  | (90,585 | ) |  |  | (135,859 | )
Other cash inflows (outflows) |  |  | (150,676 | ) |  |  | (11,034 | ) |  |  | (107,782 | )
Net cash flows (used in) financing activities |  |  | 1,126,968 |  |  |  | 164,041 |  |  |  | 944,740 |
Net increase in cash and cash equivalents before effect of exchanges rate change |  |  | 83,352 |  |  |  | (745,276 | ) |  |  | 756,842 |
Effects of variation in the exchange rate on cash and cash equivalents |  |  | (292 | ) |  |  | - |  |  |  | - |
Net increase (decrease) in cash and cash equivalents |  |  | 83,060 |  |  |  | (745,276 | ) |  |  | 756,842 |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR |  |  | 549,766 |  |  |  | 1,295,042 |  |  |  | 538,200 |
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR |  |  | 632,826 |  |  |  | 549,766 |  |  |  | 1,295,042 |

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