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Other Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Other Assets  
Schedule of other assets
  As of December 31, 
   2019   2018 
   MCh$   MCh$ 
         
Assets for leasing (1)   67,139    47,486 
           
Assets received or awarded in lieu of payment          
Assets received in lieu of payment   18,755    17,525 
Assets awarded at judicial sale   22,177    21,524 
Provision on assets received in lieu of payment or awarded   (2,042)   (723)
Subtotal   38,890    38,326 
           
Other assets          
Guarantee deposits (margin accounts) (2)   314,616    170,232 
Non-current assets classified as held for sale (4)   22,394    - 
Gold investments   680    522 
VAT credit   22,663    9,097 
Income tax recoverable   1,787    1,756 
Prepaid expenses   432,030    477,819 
Assets recovered from leasing for sale   3,575    6,848 
Valuation adjustments by macro hedge (5)   210,867    9,414 
Pension plan assets   670    846 
Accounts and notes receivable   147,108    59,511 
Notes receivable through brokerage and simultaneous transactions   43,354    71,382 
Other receivable assets   44,262    48,612 
Other assets (3)   89,111    49,365 
Subtotal   1,333,117    905,404 
           
Total   1,439,146    991,216 

 

(1)Assets available to be granted under the financial leasing agreements.
(2)Guarantee deposits (margin accounts) correspond to collateral associated with derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral.
(3)Other assets mainly include settlement of derivatives and other financial transactions.
(4)Corresponds to the interests in Redbanc S.A., Transbank S.A. and Nexus S.A., which have been reclassified as non-current assets classified as held for sale in accordance with IFRS 5 "Non-current assets held for sale and discontinued operations ", for additional information see Note 1 v) and Note 39.
(5)Net assets and liabilities fair value valuation subject to macro hedges. See Note 8