XML 56 R33.htm IDEA: XBRL DOCUMENT
v3.19.1

EQUITY | 12 Months Ended
--- | ---
Dec. 31, 2018
EQUITY |
EQUITY | NOTE 25 EQUITY
| a) | Capital
As of December 31, 2018 and 2017 the Bank had 188,446,126,794 shares outstanding, all of which are subscribed for and paid in full, amounting to Ch$891,303 million, All shares have the same rights, and have no preferences or restrictions, The activity with respect to shares during 2018, 2017 and 2016 was as follows:
| SHARES As of December 31,
| 2018 |  | 2017 |  | 2016
Issued as of January 1 | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794
Issuance of paid shares | - |  | - |  | -
Issuance of outstanding shares | - |  | - |  | -
Stock options exercised | - |  | - |  | -
Issued as of December 31, | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794
As of December 31, 2018, 2017 and 2016 the Bank does not have any of its own shares in treasury, nor do any of the consolidated companies. As of December 31, 2018 the shareholder composition was as follows:
Corporate Name or Shareholder’s Name | Shares | ADRs (*) | Total | % of equity holding
Santander Chile Holding S.A. | 66,822,519,695 | - | 66,822,519,695 | 35.46
Teatinos Siglo XXI Inversiones Limitada | 59,770,481,573 | - | 59,770,481,573 | 31.72
The Bank New York Mellon | - | 26,486,000,071 | 26,486,000,071 | 14.05
Banks on behalf of third parties | 15,451,106,985 | - | 15,451,106,985 | 8.20
Pension funds (AFP) on behalf of third parties | 9,033,172,896 | - | 9,033,172,896 | 4.79
Stock brokers on behalf of third parties | 4,773,558,507 | - | 4,773,558,507 | 2.53
Other minority holders | 6,109,287,067 | - | 6,109,287,067 | 3.25
Total | 161,960,126,723 | 26,486,000,071 | 188,446,126,974 | 100.00
| (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets.
As of December 31, 2017 the shareholder composition was as follows:
Corporate Name or Shareholder’s Name | Shares | ADRs (*) | Total | % of equity holding
Santander Chile Holding S.A. | 66,822,519,695 | - | 66,822,519,695 | 35.46
Teatinos Siglo XXI Inversiones Limitada | 59,770,481,573 | - | 59,770,481,573 | 31.72
The Bank New York Mellon | - | 31,238,866,071 | 31,238,866,071 | 16.58
Banks on behalf of third parties | 13,892,691,988 | - | 13,892,691,988 | 7.37
Pension funds (AFP) on behalf of third parties | 6,896,552,755 | - | 6,896,552,755 | 3.66
Stock brokers on behalf of third parties | 3,762,310,365 | - | 3,762,310,365 | 2.00
Other minority holders | 6,062,704,347 | - | 6,062,704,347 | 3.21
Total | 157,207,260,723 | 31,238,866,071 | 188,446,126,794 | 100.00
| (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets.
As of December 31, 2016 the shareholder composition was as follows:
Corporate Name or Shareholder’s Name | Shares | ADRs (*) | Total | % of equity holding
Santander Chile Holding S.A. | 66,822,519,695 | - | 66,822,519,695 | 35.46
Teatinos Siglo XXI Inversiones Limitada | 59,770,481,573 | - | 59,770,481,573 | 31.72
The Bank New York Mellon | - | 34,800,933,671 | 34,800,933,671 | 18.47
Banks on behalf of third parties | 12,257,100,312 | - | 12,257,100,312 | 6.50
Pension funds (AFP) on behalf of third parties | 6,990,857,997 | - | 6,990,857,997 | 3.71
Stock brokers on behalf of third parties | 3,071,882,351 | - | 3,071,882,351 | 1.63
Other minority holders | 4,732,351,195 | - | 4,732,351,195 | 2.51
Total | 153,645,193,123 | 34,800,933,671 | 188,446,126,794 | 100.00
| (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets.
| b) | Reserves
In April 2018, due to the Shareholders’ Meeting, the Bank agreed to capitalized 25% of retained earnings from 2017 as reserves; which equals Ch$ 141,204 million (Ch$ 141,706 million in 2017).
| c) | Dividends
The distribution of dividends is detailed in the Consolidated Statements of Changes in Equity.
| d) | As of December 31, 2018, 2017 and 2016 the basic and diluted earnings per share were as follows:
| As of December 31,
| 2018 |  | 2017 |  | 2016
| MCh$ |  | MCh$ |  | MCh$
a) Basic earnings per share |  |  |  |  |
Total attributable to the shareholders of the Bank | 595,333 |  | 562,801 |  | 476,067
Weighted average number of outstanding shares | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794
Basic earnings per share (in Ch$) | 3.159 |  | 2.987 |  | 2.526
b) Diluted earnings per share |  |  |  |  |
Total attributable to the shareholders of the Bank | 595,333 |  | 562,801 |  | 476,067
Weighted average number of outstanding shares | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794
Adjusted number of shares | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794
Diluted earnings per share (in Ch$) | 3.159 |  | 2.987 |  | 2.526
As of December 31, 2018, 2017 and 2016 the Bank does not own instruments with dilutive effects.
| e) | Other comprehensive income from available for sale investments and cash flow hedges:
|  | For the years ended December 31,
|  | 2018 |  | 2017 |  | 2016
|  | MCh$ |  | MCh$ |  | MCh$
Debt instruments at FVOCI |  |  |  |  |  |
As of January 1, |  | 1,855 |  | - |  | -
Gain (losses) on the re-measurement of debt instruments at FVOCI, before tax |  | 6,328 |  | - |  | -
Recycling from other comprehensive income to income for the year |  | (1,502) |  | - |  | -
Available for sale investments |  |  |  |  |  |
As of January 1, |  | - |  | 7,375 |  | (7,093)
Gain (losses) on the re-measurement of available for sale investments, before tax |  | - |  | (10,384) |  | 2,267
Recycling from other comprehensive income to income for the year |  | - |  | 4,864 |  | 12,201
Subtotals |  | 4,826 |  | (5,520) |  | 14,468
Total |  | 6,681 |  | 1,855 |  | 7,375
Cash flow hedges |  |  |  |  |  |
As of January 1, |  | (3,562) |  | 2,288 |  | 8,626
Gains (losses) on the re-measurement of cash flow hedges, before tax |  | 14,048 |  | (5,850) |  | (6,261)
Recycling adjustments on cash flow hedges, before tax |  | (683) |  | - |  | (77)
Amounts removed from equity and included in carrying amount of non-financial asset (liability) which acquisition or incurrence was hedged as a highly probable transaction |  | - |  | - |  | -
Subtotals |  | 13,365 |  | (5,850) |  | (6,338)
Total |  | 9,803 |  | (3,562) |  | 2,288
Other comprehensive income, before taxes |  | 16,484 |  | (1,707) |  | 9,663
Income tax related to other comprehensive income components |  |  |  |  |  |
Income tax relating to debt instruments at FVOCI |  | (1,810) |  | - |  | -
Income tax relating to available for sale investments |  | - |  | (473) |  | (1,770)
Income tax relating to cash flow hedges |  | (2,646) |  | 908 |  | (549)
Total |  | (4,456) |  | 435 |  | (2,319)
Other comprehensive income, net of tax |  | 12,028 |  | (1,272) |  | 7,344
Attributable to: |  |  |  |  |  |
Shareholders of the Bank |  | 11,072 |  | (2,312) |  | 6,640
Non-controlling interest |  | 956 |  | 1,040 |  | 704
The Bank expects that the results included in “Other comprehensive income” will be reclassified to profit or loss when the specific conditions have been met.

X
- Definition The entire disclosure for share capital, reserves and other equity interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 79 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_79&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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