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EMPLOYEE BENEFITS (Tables) | 12 Months Ended
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Dec. 31, 2024
EMPLOYEE BENEFITS [Abstract] |
Schedule of defined benefit plans |
| As of December 31, 2024 |  | As of December 31, 2023
| ThUS$ |  | ThUS$
Retirements payments | 71,296 |  |  | 57,785 |
Resignation payments | 7,048 |  |  | 11,537 |
Other obligations | 89,083 |  |  | 53,296 |
Total liability for employee benefits | 167,427 |  |  | 122,618 |
Schedule of movement in retirements and resignation payments and other obligations | 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, 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 |
From January 1 to December 31, 2024 | 122,618 |  |  | 88,112 |  |  | (10,778) |  |  | (21,769) |  |  | (10,756) |  |  | 167,427 |
Schedule of principal assumptions | The main assumptions used in the calculation of the provision in Chile are presented below:
|  | For the year ended December 31,
Assumptions |  | 2024 |  | 2023
Discount rate |  | 5.92 | % |  | 5.40 | %
Expected rate of salary increase |  | 3.00 | % |  | 3.00 | %
Rate of turnover |  | 2.96 | % |  | 5.02 | %
Mortality rate |  | RV-2020 |  | RV-2020
Inflation rate |  | 3.42 | % |  | 2.99 | %
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, 2024 |  | As of December 31, 2023
| ThUS$ |  | ThUS$
Discount rate |  |  |
Change in the accrued liability an closing for increase in 100 b.p. | (5,267) |  |  | (3,913) |
Change in the accrued liability an closing for decrease of 100 b.p. | 6,010 |  |  | 4,369 |
Rate of wage growth |  |  |
Change in the accrued liability an closing for increase in 100 b.p. | 5,570 |  |  | 4,133 |
Change in the accrued liability an closing for decrease of 100 b.p. | (5,056) |  |  | (3,811) |
Schedule of annual bonus provision | :
| As of December 31, 2024 |  | As of December 31, 2023
| ThUS$ |  | ThUS$
Profit-sharing and bonuses (*) | 183,153 |  |  | 114,769 |
(*)Accounts payables to employees (Note 19 letter b)
Schedule of employment expenses | Employment expenses are detailed below:
| For the year ended December 31,
| 2024 |  | 2023 |  | 2022
| ThUS$ |  | ThUS$ |  | ThUS$
Salaries and wages | 1,337,982 |  |  | 1,268,343 |  |  | 1,024,304 |
Short-term employee benefits | 243,210 |  |  | 181,565 |  |  | 121,882 |
Other personnel expenses | 157,282 |  |  | 133,429 |  |  | 120,150 |
Total | 1,738,474 |  |  | 1,583,337 |  |  | 1,266,336 |

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