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PROPERTY, PLANT, AND EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2018
Property, plant and equipment [abstract] |
Schedule of composition of property, plant, and equipment |
As of December 31, 2018 and 2017, the composition of property, plant, and equipment balances are composed as follows:
|  | As of December 31, 2018
| Net opening balance as of January 1, 2018 | Gross balance | Accumulated depreciation | Net balance
| MCh$ | MCh$ | MCh$ | MCh$
Land and buildings | 159,352 | 309,385 | (132,428) | 176,957
Equipment | 63,516 | 217,958 | (159,756) | 58,202
Ceded under operating leases | 4,221 | 4,888 | (667) | 4,221
Other | 15,458 | 67,197 | (52,991) | 14,206
Total | 242,547 | 599,428 | (345,842) | 253,586
|  | As of December 31, 2017
| Net opening balance as of January 1, 2017 | Gross balance | Accumulated depreciation | Net balance
| MCh$ | MCh$ | MCh$ | MCh$
Land and buildings | 169,809 | 274,079 | (114,727) | 159,352
Equipment | 66,506 | 193,689 | (130,173) | 63,516
Ceded under operating leases | 4,230 | 4,888 | (667) | 4,221
Other | 16,834 | 60,822 | (45,364) | 15,458
Total | 257,379 | 533,478 | (290,931) | 242,547
Schedule of changes in the value of property, plant, and equipment |
The changes in the value of property, plant, and equipment as of December 31, 2018 and 2017 is as follows:
b.1 Gross balance
2018 | Land and buildings | Equipment | Ceded under operating leases | Other | Total
| MCh$ | MCh$ | MCh$ | MCh$ | MCh$
Balances as of January 1, 2018 | 274,079 | 193,689 | 4,888 | 60,823 | 533,479
Additions | 35,369 | 28,438 | - | 4,522 | 68,329
Disposals | (63) | (4,130) | - | (2,104) | (6,297)
Impairment due to damage | - | (39) | - | - | (39)
Other | - | - | - | 3,956 | 3,956
Balances as of December 31, 2018 | 309,385 | 217,958 | 4,888 | 67,197 | 599,428
2017 | Land and buildings | Equipment | Ceded under operating leases | Other | Total
| MCh$ | MCh$ | MCh$ | MCh$ | MCh$
Balances as of January 1, 2017 | 264,016 | 168,124 | 4,888 | 55,973 | 493,001
Additions | 27,592 | 26,278 | - | 4,902 | 58,772
Disposals | (17,529) | (359) | - | (53) | (17,941)
Impairment due to damage | - | (354) | - | - | (354)
Other | - | - | - | - | -
Balances as of December 31, 2017 | 274,079 | 193,689 | 4,888 | 60,823 | 533,478
b.2 Accumulated depreciation
2018 | Land and buildings | Equipment | Ceded under operating leases | Other | Total
| MCh$ | MCh$ | MCh$ | MCh$ | MCh$
Balances as of January 1, 2018 | (114,727) | (130,173) | (667) | (45,365) | (290,932)
Depreciation charges in the period | (17,704) | (29,623) | - | (7,660) | (54,987)
Sales and disposals in the period | 3 | 40 | - | 34 | 77
Transfers | - | - | - | - |
Other | - | - | - | - |
Balances as of December 31, 2018 | (132,428) | (159,756) | (667) | (52,991) | (345,842)
2017 | Land and buildings | Equipment | Ceded under operating leases | Other | Total
| MCh$ | MCh$ | MCh$ | MCh$ | MCh$
Balances as of January 1, 2017 | (94,207) | (101,618) | (658) | (39,139) | (235,622)
Depreciation charges in the period | (20,744) | (28,593) | (9) | (6,277) | (55,623)
Sales and disposals in the period | 224 | 38 | - | 51 | 313
Transfers | - | - | - | - | -
Other | - | - | - | - | -
Balances as of December 31, 2017 | (114,727) | (130,173) | (667) | (45,365) | (290,932)
Schedule of operational leases - lessor | As of December 31, 2018 and 2017, the future minimum lease cash inflows under non-cancellable operating leases are as follows:
| As of December 31,
| 2018 |  | 2017
| MCh$ |  | MCh$
Due within 1 year | 469 |  | 567
Due after 1 year but within 2 years | 882 |  | 749
Due after 2 years but within 3 years | 469 |  | 480
Due after 3 years but within 4 years | 460 |  | 348
Due after 4 years but within 5 years | 428 |  | 308
Due after 5 years | 2,242 |  | 1,792
Total | 4,950 |  | 4,244
Schedule of operational leases - lessee | Certain Bank’s premises and equipment are leased under various operating leases, Future minimum rental payments under non-cancellable leases are as follows:
| As of December 31,
| 2018 |  | 2017
| MCh$ |  | MCh$
Due within 1 year | 25,702 |  | 26,059
Due after 1 year but within 2 years | 24,692 |  | 21,343
Due after 2 year but within 3 years | 22,439 |  | 18,091
Due after 3 years but within 4 years | 19,574 |  | 15,736
Due after 4 years but within 5 years | 17,250 |  | 12,734
Due after 5 years | 63,945 |  | 51,502
Total | 173,602 |  | 145,465

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