XML 241 R63.htm IDEA: XBRL DOCUMENT v3.22.4
EMPLOYEE BENEFITS (Tables)
12 Months Ended
Dec. 31, 2022
EMPLOYEE BENEFITS [Abstract]  
Schedule of defined benefit plans
  As of   As of 
   December, 31,   December 31, 
   2022   2021 
   ThUS$   ThUS$ 
         
Retirements payments   45,076    35,075 
Resignation payments   6,365    5,817 
Other obligations   42,047    15,341 
Total liability for employee benefits   93,488    56,233 

 

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, 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 
From January 1 to December 31, 2022     56,233    53,254    (4,375)   (9,935)   (1,689)   93,488 

 

Schedule of principal assumptions
   For the period ended 
   December 31, 
Assumptions  2022   2021 
         
Discount rate   5.37%   5.81%
Expected rate of salary increase   5.23%   3.00%
Rate of turnover   5.14%   5.14%
Mortality rate   RV-2014    RV-2014 
Inflation rate   3.61%   3.44%
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, 
   2022   2021 
   ThUS$   ThUS$ 
         
Discount rate        
Change in the accrued liability an closing for increase in 100 p.b.   (3,308)   (2,642)
Change in the accrued liability an closing for decrease of 100 p.b.   3,724    2,959 
Rate of wage growth          
Change in the accrued liability an closing for increase in 100 p.b.   3,520    2,849 
Change in the accrued liability an closing for decrease of 100 p.b.   (3,216)   (2,613)

 

Schedule of liability for short-term
  As of   As of 
   December 31,   December 31, 
   2022   2021 
   ThUS$   ThUS$ 
       
Profit-sharing and bonuses (*)    74,802    58,153 

 

(*)Accounts payables to employees (Note 19 letter b)

 

Schedule of employment expenses
   For the period ended 
   December 31, 
   2022   2021   2020 
   ThUS$   ThUS$   ThUS$ 
             
Salaries and wages   (1,024,304)   (825,792)   (850,557)
Short-term employee benefits   (121,882)   (122,650)   (41,259)
Other personnel expenses   (120,150)   (93,457)   (70,244)
Total   (1,266,336)   (1,041,899)   (962,060)