XML 176 R85.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Pension Plans (Tables)
 12 Months Ended
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