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EMPLOYEE BENEFITS (Tables)
12 Months Ended
Dec. 31, 2023
EMPLOYEE BENEFITS [Abstract]  
Schedule of defined benefit plans
As of
December 31, 2023
As of
December 31, 2022
ThUS$ThUS$
Retirements payments57,785 45,076 
Resignation payments11,537 6,365 
Other obligations53,296 42,047 
Total liability for employee benefits122,618 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,
Assumptions20232022
Discount rate5.40 %5.37 %
Expected rate of salary increase3.00 %5.23 %
Rate of turnover5.02 %5.14 %
Mortality rateRV-2020RV-2014
Inflation rate2.99 %3.61 %
Retirement age of women6060
Retirement age of men6565
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,
 202320222021
 ThUS$ ThUS$ ThUS$
 
Salaries and wages1,268,343 1,024,304 825,792 
Short-term employee benefits181,565 121,882 122,650 
Other personnel expenses133,429 120,150 93,457 
Total1,583,337 1,266,336 1,041,899