XML 68 R45.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Cash And Cash Equivalents (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
DisclosureOfCashAndCashEquivalentsExplanatory [Abstract] |
Disclosure of detailed information about cash and cash equivalents [Text Block] | As of December 31, 2017 and December 31, 2016, cash and cash equivalents are detailed as follows:
a) Cash |  | 12/31/2017 |  | 12/31/20161 |
|  | ThUS$ |  | ThUS$ |
Cash on hand |  |  | 60 |  |  | 53 |
Cash in banks |  |  | 50,137 |  |  | 80,287 |
Other demand deposits |  |  | 1,530 |  |  | 1,260 |
Total cash |  |  | 51,727 |  |  | 81,600 |
b) Cash equivalents |  | 12/31/2017 |  | 12/31/2016 |
|  | ThUS$ |  | ThUS$ |
Short-term deposits, classified as cash equivalents |  |  | 290,914 |  |  | 95,673 |
Short-term investments, classified as cash equivalents |  |  | 287,797 |  |  | 337,396 |
Total cash equivalents |  |  | 578,711 |  |  | 433,069 |
Total cash and cash equivalents |  |  | 630,438 |  |  | 514,669 |
Disclosure of detailed information about short term investments [Text Block] | As of December 31, 2017 and December 31, 2016, the short-term investments classified as cash and cash equivalents relate to mutual funds (investment liquidity funds) for investments in:
Institution |  | 12/31/2017 |  | 12/31/2016 |
|  | ThUS$ |  | ThUS$ |
Legg Mason - Western Asset Institutional Cash Reserves |  |  | 144,464 |  |  | 178,446 |
JP Morgan US dollar Liquidity Fund Institutional |  |  | 143,333 |  |  | 158,950 |
Total |  |  | 287,797 |  |  | 337,396 |
Disclosure of cash and cash equivalents by currency [Text Block] | As of December 31, 2017 and December 31, 2016, information on cash and cash equivalents by currency is detailed as follows:
Original currency |  | 12/31/2017 |  | 12/31/2016 |
|  | ThUS$ |  | ThUS$ |
Chilean Peso (*) |  |  | 579 |  |  | 6,044 |
US Dollar |  |  | 612,727 |  |  | 490,978 |
Euro |  |  | 9,782 |  |  | 11,386 |
Mexican Peso |  |  | 258 |  |  | 309 |
South African Rand |  |  | 4,074 |  |  | 3,250 |
Japanese Yen |  |  | 1,773 |  |  | 2,149 |
Peruvian Sol |  |  | 8 |  |  | 3 |
Brazilian Real |  |  | 38 |  |  | 59 |
Chinese Yuan |  |  | 1,143 |  |  | 400 |
Indian Rupee |  |  | - |  |  | 8 |
Thai Baht |  |  | - |  |  | 8 |
Argentine Peso |  |  | 1 |  |  | 4 |
Pound Sterling |  |  | 55 |  |  | 71 |
Total |  |  | 630,438 |  |  | 514,669 |
(*)The Company maintains financial derivative policies which allow to minimize the risk of the variation in Chilean pesos exchange rate .
Disclosure of detailed information about short term deposits [Text Block] | The detail at the end of each period is as follows:
2017 Receiver of the deposit |  | Type of deposit |  | Original Currency |  | Interest rate |  | Placement date |  | Expiration date |  | Principal |  | Interest accrued to-date |  | 12/31/2017 |
|  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |
Scotiabank Sud Americano |  | Fixed term |  |  |  | 0.24 |  | 11-21-2017 |  | 1-2-2018 |  |  | 8,943 |  |  | 30 |  |  | 8,973 |
Banco Itau Chile |  | Fixed term |  | Ch$ |  | 0.24 |  | 11-28-2017 |  | 1-2-2018 |  |  | 15,652 |  |  | 41 |  |  | 15,693 |
Banco Itau Chile |  | Fixed term |  | Ch$ |  | 0.24 |  | 11-28-2017 |  | 1-2-2018 |  |  | 15,652 |  |  | 41 |  |  | 15,693 |
Banco BBVA Chile |  | Fixed term |  | Ch$ |  | 0.23 |  | 11-28-2017 |  | 1-2-2018 |  |  | 15,652 |  |  | 40 |  |  | 15,692 |
Banco BBVA Chile |  | Fixed term |  | Ch$ |  | 0.23 |  | 11-28-2017 |  | 1-2-2018 |  |  | 15,652 |  |  | 40 |  |  | 15,692 |
Banco Itau Chile |  | Fixed term |  | Ch$ |  | 0.25 |  | 11-29-2017 |  | 2-27-2018 |  |  | 18,857 |  |  | 50 |  |  | 18,907 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-12-2017 |  | 1-11-2018 |  |  | 15,982 |  |  | 26 |  |  | 16,008 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-12-2017 |  | 1-11-2018 |  |  | 8,524 |  |  | 14 |  |  | 8,538 |
Banco Itau Chile |  | Fixed term |  | Ch$ |  | 0.24 |  | 12-12-2017 |  | 1-11-2018 |  |  | 15,982 |  |  | 24 |  |  | 16,006 |
Banco Itau Chile |  | Fixed term |  | Ch$ |  | 0.24 |  | 12-12-2017 |  | 1-11-2018 |  |  | 7,458 |  |  | 11 |  |  | 7,469 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-14-2017 |  | 1-16-2018 |  |  | 19,780 |  |  | 29 |  |  | 19,809 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-14-2017 |  | 1-16-2018 |  |  | 15,665 |  |  | 23 |  |  | 15,688 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-14-2017 |  | 1-16-2018 |  |  | 11,488 |  |  | 17 |  |  | 11,505 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-15-2017 |  | 1-16-2018 |  |  | 15,568 |  |  | 22 |  |  | 15,590 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-15-2017 |  | 1-16-2018 |  |  | 15,568 |  |  | 22 |  |  | 15,590 |
Banco Crédito e Inversiones |  | Fixed term |  | Ch$ |  | 0.26 |  | 12-15-2017 |  | 1-16-2018 |  |  | 15,568 |  |  | 22 |  |  | 15,590 |
Banco BBVA Chile |  | Fixed term |  | Ch$ |  | 0.24 |  | 12-29-2017 |  | 1-10-2018 |  |  | 4,107 |  |  | 1 |  |  | 4,108 |
Banco BBVA Chile |  | Fixed term |  | Ch$ |  | 0.24 |  | 12-29-2017 |  | 1-10-2018 |  |  | 2,765 |  |  | - |  |  | 2,765 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 0.28 |  | 12-27-2017 |  | 1-18-2018 |  |  | 700 |  |  | - |  |  | 700 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 0.4 |  | 12-15-2017 |  | 2-13-2018 |  |  | 15,000 |  |  | 27 |  |  | 15,027 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 0.4 |  | 12-15-2017 |  | 2-13-2018 |  |  | 14,000 |  |  | 25 |  |  | 14,025 |
Corpbanca |  | Fixed term |  | Ch$ |  | 0.22 |  | 12-28-2017 |  | 1-4-2018 |  |  | 1,301 |  |  | - |  |  | 1,301 |
Scotiabank Sud Americano |  | Fixed term |  | Ch$ |  | 0.21 |  | 12-29-2017 |  | 1-5-2018 |  |  | 976 |  |  | - |  |  | 976 |
Scotiabank Sud Americano |  | Fixed term |  | Ch$ |  | 0.21 |  | 12-29-2017 |  | 1-5-2018 |  |  | 569 |  |  | - |  |  | 569 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 2.45 |  | 12-6-2017 |  | 1-5-2018 |  |  | 3,500 |  |  | 6 |  |  | 3,506 |
Scotiabank Sud Americano |  | Fixed term |  | US$ |  | 3.40 |  | 12-15-2017 |  | 1-16-2018 |  |  | 2,000 |  |  | 3 |  |  | 2,003 |
Banco BBVA Chile |  | Fixed term |  | US$ |  | 2.80 |  | 12-26-2017 |  | 1-26-2018 |  |  | 2,200 |  |  | 1 |  |  | 2,201 |
Banco Crédito e Inversiones |  | Fixed term |  | US$ |  | 2.3 |  | 12-27-2017 |  | 1-4-2018 |  |  | 2,300 |  |  | 1 |  |  | 2,301 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 2.88 |  | 12-27-2017 |  | 1-4-2018 |  |  | 2,300 |  |  | 1 |  |  | 2,301 |
Banco BBVA Chile |  | Fixed term |  | US$ |  | 2.80 |  | 12-27-2017 |  | 1-4-2018 |  |  | 1,400 |  |  | - |  |  | 1,400 |
BBVA Banco Francés |  | Fixed term |  | US$ |  | 0.19 |  | 12-11-2017 |  | 1-31-2018 |  |  | 163 |  |  | - |  |  | 163 |
Nedbank |  | On demand |  | US$ |  | - |  | 12-1-2017 |  | 1-31-2018 |  |  | 3,686 |  |  | - |  |  | 3,686 |
ABN Amro Bank |  | Fixed term |  | US$ |  | - |  | 12-31-2017 |  | 1-2-2018 |  |  | 1,439 |  |  | - |  |  | 1,439 |
Total |  |  |  |  |  |  |  |  |  |  |  |  | 290,397 |  |  | 517 |  |  | 290,914 |
2016 Receiver of the deposit |  | Type of deposit |  | Original Currency |  | Interest rate |  | Placement date |  | Expiration date |  | Principal |  | Interest accrued to-date |  | 12/31/2016 |
|  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  |  | ThUS$ |
Scotiabank Sud Americano |  | Fixed term |  | US$ |  | 1.28 |  | 12/29/2016 |  | 1/31/2017 |  |  | 9,900 |  |  | 1 |  |  | 9,901 |
Banco de Chile |  | Fixed term |  | US$ |  | 0.90 |  | 12/30/2016 |  | 1/9/2017 |  |  | 15,000 |  |  | 1 |  |  | 15,001 |
Banco Crédito e Inversiones |  | Fixed term |  | US$ |  | 0.90 |  | 12/30/2016 |  | 1/10/2017 |  |  | 10,000 |  |  | - |  |  | 10,000 |
Banco Crédito e Inversiones |  | Fixed term |  | US$ |  | 0.93 |  | 10/11/2016 |  | 1/30/2017 |  |  | 13,000 |  |  | 27 |  |  | 13,027 |
Banco BBVA Chile |  | Fixed term |  | US$ |  | 0.75 |  | 10/11/2016 |  | 1/30/2017 |  |  | 2,000 |  |  | 3 |  |  | 2,003 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 1.21 |  | 12/1/2016 |  | 1/3/2017 |  |  | 3,500 |  |  | 4 |  |  | 3,504 |
Banco de Chile |  | Fixed term |  | US$ |  | 0.76 |  | 12/7/2016 |  | 1/6/2017 |  |  | 3,900 |  |  | 2 |  |  | 3,902 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 0.90 |  | 12/12/2016 |  | 1/12/2017 |  |  | 5,000 |  |  | 2 |  |  | 5,002 |
Banco de Chile |  | Fixed term |  | US$ |  | 1.30 |  | 12/12/2016 |  | 1/12/2017 |  |  | 1,700 |  |  | 1 |  |  | 1,701 |
Banco Crédito e Inversiones |  | Fixed term |  | US$ |  | 0.88 |  | 12/14/2016 |  | 1/17/2017 |  |  | 2,000 |  |  | 1 |  |  | 2,001 |
Corpbanca |  | Fixed term |  | US$ |  | 1.28 |  | 12/20/2016 |  | 2/21/2017 |  |  | 800 |  |  | - |  |  | 800 |
Scotiabank Sud Americano |  | Fixed term |  | US$ |  | 1.28 |  | 12/20/2016 |  | 2/21/2017 |  |  | 5,000 |  |  | 2 |  |  | 5,002 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 0.75 |  | 12/22/2016 |  | 1/23/2017 |  |  | 3,500 |  |  | 1 |  |  | 3,501 |
Banco Santander - Santiago |  | Fixed term |  | US$ |  | 1.25 |  | 12/28/2016 |  | 2/9/2017 |  |  | 3,900 |  |  | 1 |  |  | 3,901 |
Banco Security |  | Fixed term |  | US$ |  | 1.31 |  | 12/28/2016 |  | 2/9/2017 |  |  | 3,300 |  |  | - |  |  | 3,300 |
Banco Security |  | Fixed term |  | US$ |  | 1.00 |  | 12/29/2016 |  | 1/30/2017 |  |  | 3,800 |  |  | - |  |  | 3,800 |
Banco Santander - Santiago |  | Fixed term |  | Ch$ |  | 0.31 |  | 12/16/2016 |  | 1/2/2017 |  |  | 1,942 |  |  | 3 |  |  | 1,945 |
Corpbanca |  | Fixed term |  | Ch$ |  | 0.32 |  | 12/29/2016 |  | 1/9/2017 |  |  | 597 |  |  | 1 |  |  | 598 |
Scotiabank Sud Americano |  | Fixed term |  | Ch$ |  | 0.33 |  | 12/30/2016 |  | 1/9/2017 |  |  | 2,091 |  |  | - |  |  | 2,091 |
Citibank New York |  | Overnight |  | US$ |  | 0.01 |  | 12/31/2016 |  | 1/1/2017 |  |  | 1,742 |  |  | - |  |  | 1,742 |
BBVA Banco Francés |  | Fixed term |  | US$ |  | 0.21 |  | 24/102016 |  | 1/31/2017 |  |  | 199 |  |  | - |  |  | 199 |
Nedbank |  | On demand |  | US$ |  | - |  | 12/1/2016 |  | 1/31/2017 |  |  | 2,752 |  |  | - |  |  | 2,752 |
Total |  |  |  |  |  |  |  |  |  |  |  |  | 95,623 |  |  | 50 |  |  | 95,673 |
Disclosure of reconciliation of liabilities arising from financing activities [text block] | This section sets out an analysis of net debt and the movements in net debt for each of the periods presented.
Net debt |  | 12/31/2017 |  | 12/31/2016 |
|  | ThUS$ |  | ThUS$ |
Cash and cash equivalents |  |  | 630,438 |  |  | 514,669 |
Liquid investments |  |  | 360,941 |  |  | 284,160 |
Borrowings - repayable within one year (including overdraft) |  |  | (177,062) |  |  | (160,243) |
Borrowings - repayable after one year |  |  | (1,031,507) |  |  | (1,059,706) |
Net debt |  |  | (217,190) |  |  | (421,120) |
Cash and liquid investments |  |  | 991,379 |  |  | 798,829 |
Gross debt - fixed interest rates |  |  | (1,208,569) |  |  | (1,219,949) |
Net debt |  |  | (217,190) |  |  | (421,120) |
|  | Other Assets |  | Liabilities from financing activities |
|  | Cash/bank overdraft |  | Liquid Investments |  | Borrow. Due within 1 year |  | Borrow. Due after 1 year |  | Total |
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |
Net debt as at 1 January 2016 |  |  | 527,259 |  |  | 617,267 |  |  | (399,275) |  |  | (1,217,172) |  |  | (471,921) |
Cash flows |  |  | (20,362) |  |  | (339,556) |  |  | 277,000 |  |  | 140,000 |  |  | 57,082 |
Foreign exchange adjustments |  |  | 7,772 |  |  | 6,449 |  |  | (1,879) |  |  | (25,015) |  |  | (12,673) |
Other non - cash movements |  |  | - |  |  | - |  |  | (36,089) |  |  | 42,481 |  |  | 6,392 |
Net debt as at 31 december 2016 |  |  | 514,669 |  |  | 284,160 |  |  | (160,243) |  |  | (1,059,706) |  |  | (421,120) |
Cash flows |  |  | 98,285 |  |  | 59,326 |  |  | (16,288) |  |  | 54,275 |  |  | 195,598 |
Foreign exchange adjustments |  |  | 17,484 |  |  | 17,455 |  |  | (531) |  |  | (26,287) |  |  | 8,121 |
Other non - cash movements |  |  | - |  |  | - |  |  | - |  |  | 211 |  |  | 211 |
Net debt as at 31 december 2017 |  |  | 630,438 |  |  | 360,941 |  |  | (177,062) |  |  | (1,031,507) |  |  | (217,190) |

X
- Definition The disclosure of the reconciliation of liabilities arising from financing activities. [Refer: Liabilities arising from financing activities] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2017-01-01 -Paragraph 44D -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=7&date=2017-03-01&anchor=para_44D&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | sqm_DisclosureOfCashAndCashEquivalentsByCurrencyTextBlock
Namespace Prefix: | sqm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | sqm_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock
Namespace Prefix: | sqm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | sqm_DisclosureOfDetailedInformationAboutShortTermDepositsTextBlock
Namespace Prefix: | sqm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | sqm_DisclosureOfDetailedInformationAboutShortTermInvestmentsTextBlock
Namespace Prefix: | sqm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | sqm_DisclosureofcashandcashequivalentsexplanatoryAbstract
Namespace Prefix: | sqm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration