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v3.19.3.a.u2

Pension Plans (Tables) | 12 Months Ended
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Dec. 31, 2019
Pension Plans [Abstract] |
Schedule of actuarial hypothesis assumptions | The most significant actuarial hypotheses considered in the calculations were:
|  | Plans post- employment |  | Plans post- employment
|  | 2019 |  | 2018
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, |
|  | 2019 |  |  | 2018 |
|  | MCh$ |  |  | MCh$ |
Plan assets |  |  | 7,195 |  |  |  | 6,804 |
Commitments for defined-benefit plans |  |  |  |  |  |  |  |
For active personnel |  |  | (6,525 | ) |  |  | (5,958 | )
Incurred by inactive personnel |  |  | - |  |  |  | - |
Minus: |  |  |  |  |  |  |  |
Unrealized actuarial (gain) losses |  |  | - |  |  |  | - |
Balances at year end |  |  | 670 |  |  |  | 846 |
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, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
a) Fair value of plan assets |  |  |  |  |  |  |  |  |
Opening balance |  |  | 6,804 |  |  |  | 7,919 |  |  |  | 6,612 |
Expected yield of insurance contracts |  |  | 333 |  |  |  | 353 |  |  |  | 307 |
Employer contributions |  |  | 859 |  |  |  | 836 |  |  |  | 1,931 |
Actuarial (gain) losses |  |  | - |  |  |  | - |  |  |  | - |
Premiums paid |  |  | - |  |  |  | - |  |  |  | - |
Benefits paid |  |  | (801 | ) |  |  | (2,304 | ) |  |  | (931 | )
Fair value of plan assets at year end |  |  | 7,195 |  |  |  | 6,804 |  |  |  | 7,919 |
b) Present value of obligations |  |  |  |  |  |  |  |  |  |  |  |
Present value of obligations opening balance |  |  | (5,958 | ) |  |  | (6,998 | ) |  |  | (4,975 | )
Net incorporation of Group companies |  |  | - |  |  |  | - |  |  |  | - |
Service cost |  |  | (567 | ) |  |  | (1,069 | ) |  |  | (2,039 | )
Interest cost |  |  | - |  |  |  | - |  |  |  | - |
Curtailment/settlement effect |  |  | - |  |  |  | - |  |  |  | - |
Benefits paid |  |  | - |  |  |  | - |  |  |  | - |
Past service cost |  |  | - |  |  |  | - |  |  |  | - |
Actuarial (gain) losses |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | 2,109 |  |  |  | 16 |
Present value of obligations at year end |  |  | (6,525 | ) |  |  | (5,958 | ) |  |  | (6,998 | )
Net balance at year end |  |  | 670 |  |  |  | 846 |  |  |  | 921 |
Schedule of plan expected profit | Plan expected profit:
|  | As of December 31, |
|  | 2019 |  | 2018 |  | 2017 |
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, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Current period service expenses |  |  | 566 |  |  |  | 1,069 |  |  |  | 2,039 |
Interest cost |  |  | - |  |  |  | - |  |  |  | - |
Expected yield from plan's assets |  |  | (333 | ) |  |  | (353 | ) |  |  | (307 | )
Expected yield of insurance contracts linked to the Plan: |  |  |  |  |  |  |  |  |  |  |  |
Extraordinary allocations |  |  | - |  |  |  | - |  |  |  | - |
Actuarial (gain)/ losses recorded in the period |  |  | - |  |  |  | - |  |  |  | - |
Past service cost |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 233 |  |  |  | 716 |  |  |  | 1,732 |

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