XML 44 R21.htm IDEA: XBRL DOCUMENT
v3.19.1

INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES | 12 Months Ended
--- | ---
Dec. 31, 2018
Investments In Associates And Other Companies |
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES | NOTE 13 INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES
| a) | Investments in associates and other, are shown in the following table:
|  |  |  |  | Investment
| Ownership interest As of December 31 |  | Investment value As of December 31, |  | Profit and loss As of December 31,
| 2018 % | 2017 % | 2016 % |  | 2018 MCh$ | 2017 MCh$ |  | 2018 MCh$ | 2017 MCh$ | 2016 MCh$
Company |  |  |  |  |  |  |  |  |  |
Redbanc S.A. | 33.43 | 33.43 | 33.43 |  | 2,822 | 2,537 |  | 285 | 353 | 373
Transbank S.A. | 25.00 | 25.00 | 25.00 |  | 17,651 | 14,534 |  | 3,118 | 2,024 | 1,302
Centro de Compensación Automatizado | 33.33 | 33.33 | 33.33 |  | 1,894 | 1,589 |  | 305 | 236 | 248
Sociedad Interbancaria de Depósito de Valores S.A. | 29.29 | 29.29 | 29.29 |  | 1,233 | 1,087 |  | 223 | 235 | 195
Cámara de Compensación de Alto Valor S.A. (1,2,3) | 15.00 | 15.00 | 14.93 |  | 945 | 909 |  | 58 | 66 | 98
Administrador Financiero del Transantiago S.A. | 20.00 | 20.00 | 20.00 |  | 3,680 | 3,098 |  | 582 | 317 | 230
Sociedad Nexus S.A. | 12.90 | 12.90 | 12.90 |  | 2,279 | 1,911 |  | 368 | 442 | 247
Servicios de Infraestructura de Mercado OTC S.A.(1&2) | 12.48 | 12.48 | 12.07 |  | 1,491 | 1,489 |  | 57 | 115 | 132
Subtotal |  |  |  |  | 31,995 | 27,154 |  | 4,996 | 3,788 | 2,825
Shares or rights in other companies (*) |  |  |  |  |  |  |  |  |  |
Bladex |  |  |  |  | - | 136 |  | 19 | 25 | 26
Stock Exchanges |  |  |  |  | - | 287 |  | 148 | 150 | 161
Others |  |  |  |  | 8 | 8 |  | (68) | - | -
Total |  |  |  |  | 32,003 | 27,585 |  | 5,095 | 3,963 | 3,012
| (1) | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Servicios de Infraestructura de Mercado OTC S.A”, the Bank’s share in those companies increased to 14.84% and 11.93% respectively.
| (2) | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Market infrastructure services OTC S,A”, the Bank’s share in those companies increased to 14.93% and 12.07% respectively.
| (3) | In February 2017, Banco Paris sold to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA”, the Bank’s share increased to 15.00%.
As described in Note 1 g), the Bank has irrevocably designated its shares in Bladex and Stock exchange at fair value through other comprehensive income (FVOCI) Related dividends are recognised in the income statements under "Income from investments in associates and other companies". The fair value of these equity investments is as follows:
| December 31, 2018
| MCh$
Bladex | 329
Stock exchange | 154
Total | 483
b) Summary of financial information of associates as of and for the years ended December 31, 2018, 2017 and 2016:
As of December 31,
| 2018 |  | 2017 |  | 2016
|  |  |  | Net income |  |  |  |  | Net income |  |  |  |  | Net income
Assets | Liabilities | Equity | Assets | Liabilities | Equity |  | Assets | Liabilities | Equity
| MCh$ | MCh$ | MCh$ | MCh$ |  | MCh$ | MCh$ | MCh$ | MCh$ |  | MCh$ | MCh$ | MCh$ | MCh$
Centro de Compensación Automatizado S,A, | 7,073 | 1,480 | 4,677 | 916 |  | 6,871 | 2,174 | 3,989 | 708 |  | 5,508 | 1,523 | 3,241 | 744
Redbanc S,A, | 20,825 | 12,469 | 7,505 | 851 |  | 21,235 | 13,751 | 6,428 | 1,056 |  | 19,927 | 13,505 | 5,307 | 1,115
Transbank S,A, | 904,558 | 835,200 | 56,888 | 12,470 |  | 822,487 | 765,683 | 48,709 | 8,095 |  | 710,475 | 660,957 | 44,309 | 5,209
Sociedad Interbancaria de Depósito de Valores S,A, | 4,392 | 230 | 3,400 | 762 |  | 3,720 | 60 | 2,858 | 802 |  | 3,204 | 103 | 2,435 | 666
Sociedad Nexus S,A, | 35 | 18 | 14 | 3 |  | 32,669 | 18,888 | 10,354 | 3,427 |  | 30,038 | 19,229 | 8,898 | 1,911
Servicios de Infraestructura de Mercado OTC S,A, | 25,273 | 13,313 | 11,506 | 454 |  | 17,913 | 6,414 | 10,963 | 536 |  | 29,258 | 18,258 | 9,906 | 1,094
Administrador Financiero del Transantiago S,A, | 55,818 | 37,419 | 15,490 | 2,909 |  | 51,304 | 35,814 | 13,907 | 1,583 |  | 54,253 | 40,345 | 12,758 | 1,150
Cámara de Compensación de Alto Valor S,A, | 6,728 | 622 | 5,722 | 384 |  | 6,338 | 500 | 5,399 | 439 |  | 6,099 | 627 | 4,815 | 657
Total | 1,024,702 | 900,751 | 105,202 | 18,749 |  | 962,537 | 843,284 | 102,607 | 16,646 |  | 858,762 | 754,547 | 91,669 | 12,546
c) Restrictions over the ability of associated companies to transfer funds to investors. There are no significant restrictions regarding the capacity of associates to transfer funds, whether in cash dividends, refund of loans, or advance payments to the Bank. d) Activity with respect to investments in other companies during 2018, 2017 and 2016 is as follows:
| As of December 31,
| 2018 | 2017 |  | 2016
| MCh$ | MCh$ |  | MCh$
Opening balance as of January 1, | 27,585 | 23,780 |  | 20,309
Acquisition of investments (*) | - | 3 |  | 1,123
Sale of investments | - | - |  | -
Participation in income | 5,095 | 3,963 |  | 3,012
Dividends received | (38) | (116) |  | (217)
Other equity adjustments | (639) | (45) |  | (447)
Total | 32,003 | 27,585 |  | 23,780
(*) | See reference, part a) of this note.

X
- References No definition available. + Details
Name: | bsac_InvestmentsInAssociatesAndOtherCompaniesAbstract
Namespace Prefix: | bsac_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for interests in other entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2018-01-01 -Paragraph 1 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_1&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration