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EMPLOYEE BENEFITS (Tables) | 12 Months Ended
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Dec. 31, 2023
EMPLOYEE BENEFITS [Abstract] |
Schedule of defined benefit plans |
| As of December 31, 2023 |  | As of December 31, 2022
| ThUS$ |  | ThUS$
Retirements payments | 57,785 |  |  | 45,076 |
Resignation payments | 11,537 |  |  | 6,365 |
Other obligations | 53,296 |  |  | 42,047 |
Total liability for employee benefits | 122,618 |  |  | 93,488 |
Schedule of movement in retirements and resignation payments and other obligations | The movement in retirements, resignations and other obligations:
| Opening balance |  | Increase (decrease) current service provision |  | Benefits paid |  | Actuarial (gains) losses |  | Currency translation |  | Closing balance
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
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 |
From January 1 to December 31, 2023 | 93,488 |  |  | 58,436 |  |  | (6,701) |  |  | (21,198) |  |  | (1,407) |  |  | 122,618 |
Schedule of principal assumptions | The main assumptions used in the calculation of the provision in Chile are presented below:
|  | For the year ended At December 31,
Assumptions |  | 2023 |  | 2022
Discount rate |  | 5.40 | % |  | 5.37 | %
Expected rate of salary increase |  | 3.00 | % |  | 5.23 | %
Rate of turnover |  | 5.02 | % |  | 5.14 | %
Mortality rate |  | RV-2020 |  | RV-2014
Inflation rate |  | 2.99 | % |  | 3.61 | %
Retirement age of women |  | 60 |  | 60
Retirement age of men |  | 65 |  | 65
Schedule of sensitivity analysis for the variables | The sensitivity analysis for these variables is presented below:
| Effect on the liability
| As of December 31, 2023 |  | As of December 31, 2022
| ThUS$ |  | ThUS$
Discount rate |  |  |
Change in the accrued liability an closing for increase in 100 b.p. | (3,913) |  |  | (3,308) |
Change in the accrued liability an closing for decrease of 100 b.p. | 4,369 |  |  | 3,724 |
Rate of wage growth |  |  |
Change in the accrued liability an closing for increase in 100 b.p. | 4,133 |  |  | 3,520 |
Change in the accrued liability an closing for decrease of 100 b.p. | (3,811) |  |  | (3,216) |
Schedule of liability for short-term | The liability for short-term:
| As of December 31, 2023 |  | As of December 31, 2022
| ThUS$ |  | ThUS$
Profit-sharing and bonuses (*) | 114,769 |  |  | 81,508 |
(*)Accounts payables to employees (Note 19 letter b)
Schedule of employment expenses | Employment expenses are detailed below:
| For the year ended at December 31,
| 2023 |  | 2022 |  | 2021
| ThUS$ |  | ThUS$ |  | ThUS$
Salaries and wages | 1,268,343 |  |  | 1,024,304 |  |  | 825,792 |
Short-term employee benefits | 181,565 |  |  | 121,882 |  |  | 122,650 |
Other personnel expenses | 133,429 |  |  | 120,150 |  |  | 93,457 |
Total | 1,583,337 |  |  | 1,266,336 |  |  | 1,041,899 |

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