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EMPLOYEE BENEFITS (Tables)
12 Months Ended
Dec. 31, 2024
EMPLOYEE BENEFITS [Abstract]  
Schedule of defined benefit plans
As of
December 31, 2024
As of
December 31, 2023
ThUS$ThUS$
Retirements payments71,296 57,785 
Resignation payments7,048 11,537 
Other obligations89,083 53,296 
Total liability for employee benefits167,427 122,618 
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, 202256,233 53,254 (4,375)(9,935)(1,689)93,488 
From January 1 to December 31, 202393,488 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,
Assumptions20242023
Discount rate5.92 %5.40 %
Expected rate of salary increase3.00 %3.00 %
Rate of turnover2.96 %5.02 %
Mortality rateRV-2020RV-2020
Inflation rate3.42 %2.99 %
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, 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,
 202420232022
 ThUS$ ThUS$ ThUS$
 
Salaries and wages1,337,982 1,268,343 1,024,304 
Short-term employee benefits243,210 181,565 121,882 
Other personnel expenses157,282 133,429 120,150 
Total1,738,474 1,583,337 1,266,336