XML 109 R86.htm IDEA: XBRL DOCUMENT v3.19.1
PENSION PLANS (Tables)
 12 Months Ended
Dec. 31, 2018
Pension Plans  
Schedule of actuarial hypothesis assumptions

The most significant actuarial hypotheses considered in the calculations were:

 

 

Plans 

post-employment

  

Plans

post-

employment

  2018   2017
       
Mortality chart RV-2014   RV-2014
Termination of contract rates 5,0%   5,0%
Impairment chart PDT 1985   PDT 1985
Schedule of post-employment benefits

Activity for post-employment benefits is as follows:

 

  As of December 31,
  2018   2017
  MCh$   MCh$
Plan assets 6,804   7,919
Commitments for defined-benefit plans      
For active personnel (5,958)   (6,998)
Incurred by inactive personnel -   -
Minus:      
Unrealized actuarial (gain) losses -   -
Balances at year end 846   921
Schedule of cash flow for post-employment benefits

Year’s cash flow for post-employment benefits is as follows:

 

  For the years ended December 31,
  2018   2017   2016
  MCh$   MCh$   MCh$
           
a) Fair value of plan assets          
Opening balance 7,919   6,612   6,945
Expected yield of insurance contracts 353   307   335
Employer contributions 836   1,931   886
Actuarial (gain) losses -   -   -
Premiums paid -   -   -
Benefits paid (2,304)   (931)   (1,554)
Fair value of plan assets at year end 6,804   7,919   6,612
b) Present value of obligations          
Present value of obligations opening balance (6,998)   (4,975)   (5,070)
Net incorporation of Group companies -   -   -
Service cost (1,069)   (2,039)   150
Interest cost -   -   -
Curtailment/settlement effect -   -   -
Benefits paid -   -   -
Past service cost -   -   -
Actuarial (gain) losses -   -   -
Other 2,109   16   (55)
Present value of obligations at year end (5,958)   (6,998)   (4,975)
Net balance at year end 846   921   1,637
Schedule of plan expected profit

Plan expected profit:

 

  As of December 31,
  2018   2017   2016
           
Type of expected yield from the plan’s assets UF + 2.50% annual   UF + 2.50% annual   UF + 2.50% annual
Type of yield expected from the reimbursement rights UF + 2.50% annual   UF + 2.50% annual   UF + 2.50% annual
Schedule of plan associated expenses

Plan associated expenses:

 

  For the years ended December 31,
  2018   2017   2016
  MCh$   MCh$   MCh$
           
Current period service expenses 1,069   2,039   (150)
Interest cost -   -   -
Expected yield from plan’s assets (353)   (307)   (335)
Expected yield of insurance contracts linked to the Plan: -        
Extraordinary allocations -   -   -
Actuarial (gain)/ losses recorded in the period -   -   -
Past service cost -   -   -
Other -   -   -
Total 716   1,732   (485)