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Joint Ventures | 12 Months Ended
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Dec. 31, 2018
Disclosure Of Joint Ventures Explanatory [Abstract] |
Disclosure of joint ventures [text block] |
Note 9 | Joint Ventures
| 9.1 | Policy for the accounting of equity accounted investment in joint ventures
The method for recognizing joint ventures is that in which participation is initially recorded at cost, and subsequently adjusted, considering changes after the acquisition in the portion of the entity’s net assets that correspond to the investor. Profit or loss for the period will include the portion of the entity’s entire profit or loss that correspond to the investor. For these joint ventures there is no quoted market price to measure these investments. (See Note 3.20) There are no significant restrictions on these joint ventures for the transfer of funds as payment of dividends or others. At the date of issuance of these financial statements, SQM is not aware of the existence of any significant contingent liabilities associated with the partnerships in joint ventures.
| 9.2 | Disclosures of interest in joint ventures
a) Operations conducted in 2018 During the first quarter of 2018, Minera Exar S.A. increased its capital by ThUS$13,000. The entity is a joint venture and contributions were made on January 25, 2018 (ThUS$6,000) and February 14, 2018 (ThUS$7,000) by SQM Potasio S.A. and Lithium Americas Corporation (LAC). Both partners share 50% ownership of the respective company, each contributing the same share in these capital increases. In April 2018, Minera Exar made a new capital increase of ThUS$7,000, which was contributed in equal parts by its partners. On March 14, 2018, the company SQM Vitas Plantacote B.V. was closed. As of the date of the presentation of these financial statements, Minera Exar S.A. has changed its functional currency from the Argentine peso to the United States dollar. On May 15, 2018, the subsidiary Soquimich European Holdings BV, signed a joint venture agreement with PAVONI & C., SpA in Italy. US$6.8 million were paid for a 50% share. The goodwill generated in the purchase of this joint venture was ThUS$3,206. In D ecember 2018 , SQM S.A. sold the share it held in Minera Exar S.A. generating a pre-tax profit of ThUS$ 14,507 , which was presented in the Consolidated Statement of Income by Function in Other gains (losses) (See Note 25.6) The subsidiary SQM Industrial S.A., has recorded an impairment loss of ThUS$8,802, corresponding to its Sichuan SQM-Migao Chemical Fertilizer Co. Ltd. joint venture. The impairment is disclosed by deducting the value of the aforementioned investment, in the caption “Equity method investments". b) Operations conducted in 2017 On December 1, 2017, SQM Potasio S.A. recognized the goodwill value generated by the acquisition of 50% of the joint venture Minera Exar S.A. in the amount ThUS$6,205. On October 6, 2017, a capital contribution of ThUS$13,300 (ThARS230,422,5) was made in mining company EXAR S.A., which is 50% owned by the subsidiary SQM Potasio S.A. The functional currency of EXAR S.A. is the Argentine peso (ARS). This contribution had no impact on the Company's consolidated results.
| 9.3 | Investment in joint ventures accounted for under the equity method of accounting
|  |  |  |  |  |  |  | Country of |  |  | Share of interest in |  |  | Dividends received |
Joint venture |  | Description of the nature of the relationship |  |  | Domicile |  |  | incorporation |  |  | ownership |  |  | 12/31/2018 |  |  | 12/31/2017 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  |  | ThUS$ |
Sichuan SQM Migao Chemical Fertilizers Co. Ltda. |  |  | Production and distribution of soluble fertilizers, |  |  |  | Huangjing Road, Dawan Town, Qingbaijiang District, Chengdu Municipality, Sichuan Province |  |  |  | China |  |  |  | 50 | % |  |  | - |  |  |  | - |
Coromandel SQM India |  |  | Production and distribution of potassium nitrate, |  |  |  | 1-2-10 Sardar Patel Road, Secunderabad – 500003 Andhra Pradesh |  |  |  | India |  |  |  | 50 | % |  |  | - |  |  |  | - |
SQM Vitas Fzco. |  |  | Production and commercialization of specialty plant and animal nutrition and industrial hygiene, |  |  |  | Jebel ALI Free Zone P.O. Box 18222, Dubai |  |  |  | United Arab Emirates |  |  |  | 50 | % |  |  | - |  |  |  | - |
SQM Star Qingdao Corp Nutrition, Co. Ltd. |  |  | Production and distribution of nutrient plant solutions with specialties NPK soluble |  |  |  | Longquan Town, Jimo City, Qingdao Municipality, Shangdong Province |  |  |  | China |  |  |  | 50 | % |  |  | - |  |  |  | - |
SQM Vitas Holland B.V. (1) |  |  | Without information |  |  |  | Herikerbergweg 238, 1101 CM Amsterdam Zuidoost |  |  |  | Holland |  |  |  | 50 | % |  |  | - |  |  |  | - |
Pavoni & C. Spa |  |  | Production of specialized fertilizers and other products for distribution in Italy and other countries |  |  |  | Corso Italia 172, 95129 Catania (CT), Sicily |  |  |  | Italy |  |  |  | 50 | % |  |  | - |  |  |  | - |
Covalent Lithium Pty Ltd. |  |  | development and operation of the Mt Holland Lithium project, which will include the construction of a lithium extraction and refining mine |  |  |  | L18, 109 St. Georges Tce Perth WA 6000 PO Box Z5200 St Georges Tce Perth WA 6831 |  |  |  | Australia |  |  |  | 50 | % |  |  | - |  |  |  | - |
Minera Exar S.A. |  |  | Exploration and exploitation of minerals, processing and trading of such minerals |  |  |  | Dr. Sabín 1082 Ciudad de Nieva – San Salvador de Jujuy- Jujuy- República Argentina |  |  |  | Argentina |  |  |  | 50 | % |  |  | - |  |  |  | - |
| (1) | During May 2016, SQM Vitas Holland B.V. sold its interest in SQM Vitas Spain, to SQM Iberian S.A. resulting in the latter obtaining 100% in this transaction generating a loss of ThUS$104.
The companies described in the following table are related to the following joint ventures:
| (1) | SQM Vitas Fzco.
| (2) | Pavoni & C Spa.
| (3) | SQM Vitas Holland B.V.
|  |  |  |  | Domicile |  |  | Country of incorporation |  |  | Share of interest in ownership |  |  | Dividends received |
SQM Vitas Brazil Agroindustria (1) |  |  | Production and commercialization of specialty plant and animal nutrition and industrial hygiene, |  |  |  | Via Cndeias, Km, 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia, |  |  |  | Brazil |  |  |  | 49.99 | % |  |  | - |  |  |  | - |
SQM Vitas Peru S.A.C (1), |  |  | Production and commercialization of specialty plant and animal nutrition and industrial hygiene |  |  |  | Av, Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima |  |  |  | Peru |  |  |  | 50 | % |  |  | - |  |  |  | - |
Arpa Speciali S.R.L. (2) |  |  | Production of specialty fertilizers and other products for distribution in Italy and other countries. |  |  |  | Mantova (MN) via Cremona 27 Int. 25 |  |  |  | Italy |  |  |  | 50.48 | % |  |  | - |  |  |  | - |
SQM Vitas Plantacote B.V. (3) |  |  | Production and commercialization of controlled-released fertilizers |  |  |  | Herikerbergweg 238, 1101 CM Amsterdam Zuidoost |  |  |  | Holland |  |  |  | 50 | % |  |  | - |  |  |  | - |
Joint Venture |  | Final reporting period date |  |  | Accounting method |
Coromandel SQM India |  |  | December 31, 2018 |  |  |  | Equity method |
SQM Vitas Fzco. |  |  | December 31, 2018 |  |  |  | Equity method |
SQM Star Qingdao Corp Nutrition Co., Ltd. |  |  | December 31, 2018 |  |  |  | Equity method |
SQM Vitas Brazil Agroindustria |  |  | December 31, 2018 |  |  |  | Equity method |
SQM Vitas Perú S.A.C. |  |  | December 31, 2018 |  |  |  | Equity method |
SQM Vitas Holland B.V. |  |  | December 31, 2018 |  |  |  | Equity method |
Pavoni & C. Spa. |  |  | December 31, 2018 |  |  |  | Equity method |
Arpa Speciali S.R.L. |  |  | December 31, 2018 |  |  |  | Equity method |
Covalent Lithium Pty Ltd. |  |  | December 31, 2018 |  |  |  | Equity method |
Joint Venture |  | Equity-accounted investees |  |  | Share in profit (loss) of associates and joint ventures accounted for using the equity method |
|  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (1) |  |  | 1,992 |  |  |  | 11,444 |  |  |  | 12,150 |  |  |  | (650 | ) |  |  | (535 | ) |  |  | (1,372 | )
Coromandel SQM India |  |  | 1,729 |  |  |  | 1,633 |  |  |  | 1,499 |  |  |  | 174 |  |  |  | 165 |  |  |  | 435 |
SQM Vitas Fzco. |  |  | 20,202 |  |  |  | 19,478 |  |  |  | 17,956 |  |  |  | 1,781 |  |  |  | 1,502 |  |  |  | 3,458 |
SQM Star Qingdao Corp. Nutrition Co. Ltd. |  |  | 3,168 |  |  |  | 2,980 |  |  |  | 2,618 |  |  |  | 188 |  |  |  | 361 |  |  |  | 163 |
SQM Vitas Holland |  |  | 1,345 |  |  |  | 1,429 |  |  |  | 1,269 |  |  |  | (14 | ) |  |  | (18 | ) |  |  | 171 |
Minera Exar S.A. (1) |  |  | - |  |  |  | 33,065 |  |  |  | 25,000 |  |  |  | (206 | ) |  |  | (27 | ) |  |  | - |
Pavoni & C., Spa |  |  | 7,084 |  |  |  | - |  |  |  | - |  |  |  | (39 | ) |  |  | - |  |  |  | - |
Covalent Lithium Pty Ltd. |  |  | 53 |  |  |  | - |  |  |  | - |  |  |  | 36 |  |  |  | - |  |  |  | - |
Total |  |  | 35,573 |  |  |  | 70,029 |  |  |  | 60,492 |  |  |  | 1,270 |  |  |  | 1,448 |  |  |  | 2,855 |
Joint Venture |  | Share on other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax |  |  | Share on total other comprehensive income of associates and joint ventures accounted for using the equity method |
|  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (1) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (650 | ) |  |  | (535 | ) |  |  | (1,372 | )
Coromandel SQM India |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 174 |  |  |  | 165 |  |  |  | 435 |
SQM Vitas Fzco. |  |  | - |  |  |  | (5 | ) |  |  | 449 |  |  |  | 1,781 |  |  |  | 1,497 |  |  |  | 3,907 |
SQM Star Qingdao Corp. Nutrition Co. Ltd. |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 189 |  |  |  | 361 |  |  |  | 163 |
SQM Vitas Holland |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (14 | ) |  |  | (18 | ) |  |  | 171 |
Minera Exar S.A. (1) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (206 | ) |  |  | (27 | ) |  |  | - |
Pavoni & C., Spa |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (40 | ) |  |  | - |  |  |  | - |
Covalent Lithium Pty Ltd. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 53 |  |  |  | - |  |  |  | - |
Total |  |  | - |  |  |  | (5 | ) |  |  | 449 |  |  |  | 1,287 |  |  |  | 1,443 |  |  |  | 3,304 |
| (1) | As of December 31, 2018, the table below does not present investments in joint ventures transferred to the item non-current assets or groups of assets classified as held for sale. For more information, see Note 31.
Joint Venture |  | Equity-accounted investees |  |  |  |  |  | Share in profit (loss) of associates and joint ventures accounted for using the equity method |
|  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
SQM Vitas Brazil Agroindustria (1) |  |  | 12,405 |  |  |  | 11,003 |  |  |  | 9,343 |  |  |  | 2,879 |  |  |  | 1,753 |  |  |  | 4,570 |
SQM Vitas Peru S.A.C (1) |  |  | 5,188 |  |  |  | 5,961 |  |  |  | 5,964 |  |  |  | (550 | ) |  |  | (216 | ) |  |  | 815 |
SQM Vitas Plantacote B.V. (2) |  |  | - |  |  |  | 669 |  |  |  | 588 |  |  |  | - |  |  |  | (1 | ) |  |  | 187 |
Arpa Speciali S.R.L. (3) |  |  | 122 |  |  |  | - |  |  |  | - |  |  |  | (88 | ) |  |  | - |  |  |  | - |
Total |  |  | 17,715 |  |  |  | 17,633 |  |  |  | 15,895 |  |  |  | 2,241 |  |  |  | 1,536 |  |  |  | 5,572 |
Joint Venture |  | Share in other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax |  |  | Share in total other comprehensive income of associates and joint ventures accounted for using the equity method |
|  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
SQM Vitas Brazil Agroindustria (1) |  |  | (661 | ) |  |  | (51 | ) |  |  | 2,845 |  |  |  | 779 |  |  |  | 826 |  |  |  | 5,130 |
SQM Vitas Peru S.A.C (1) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (275 | ) |  |  | (108 | ) |  |  | 408 |
SQM Vitas Plantacote B.V. (2) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | (80 | )
Arpa Speciali S.R.L. (3) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | (661 | ) |  |  | (51 | ) |  |  | 2,845 |  |  |  | 504 |  |  |  | 717 |  |  |  | 5,458 |
The following companies are subsidiaries of
| (1) | SQM Vitas Fzco.
| (2) | SQM Vitas Holland
| (3) | Pavoni &C.SPA
| 9.4 | Assets, liabilities, revenue and expenses from joint ventures:
|  | 12/31/2018 |
Joint Venture |  | Assets |  |  | Liabilities |  |  |  |  |  | Gain (loss) from |  |  | Other |  |  |  |
|  | Current |  |  | Non-current |  |  | Current |  |  | Non-current |  |  | Revenue |  |  | continuing operations |  |  | comprehensive income |  |  | Comprehensive income |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  |  |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |
Sichuan SQM Migao Chemical Fertilizers Co. Ltd. |  |  | 28,699 |  |  |  | 6,098 |  |  |  | 13,281 |  |  |  | - |  |  |  | 12 |  |  |  | (1,372 | ) |  |  | - |  |  |  | (1,372 | )
Coromandel SQM India |  |  | 5,656 |  |  |  | 852 |  |  |  | 3,050 |  |  |  | - |  |  |  | 11,605 |  |  |  | 348 |  |  |  | - |  |  |  | 348 |
SQM Vitas Fzco. |  |  | 25,489 |  |  |  | 17,592 |  |  |  | 2,678 |  |  |  | - |  |  |  | 16,583 |  |  |  | 3,561 |  |  |  | 1 |  |  |  | 3,562 |
SQM Star Qingdao Corp. Nutrition Co. Ltd. |  |  | 7,754 |  |  |  | 114 |  |  |  | 1,533 |  |  |  | - |  |  |  | 13,004 |  |  |  | 377 |  |  |  | - |  |  |  | 377 |
SQM Vitas Brazil Agroindustria |  |  | 36,648 |  |  |  | 7,566 |  |  |  | 31,808 |  |  |  | - |  |  |  | 82,625 |  |  |  | 2,879 |  |  |  | (1,322 | ) |  |  | 1,557 |
SQM Vitas Peru S.A.C |  |  | 22,365 |  |  |  | 7,785 |  |  |  | 18,996 |  |  |  | 5,966 |  |  |  | 28,619 |  |  |  | (550 | ) |  |  | - |  |  |  | (550 | )
SQM Vitas Holland B.V. |  |  | 2,692 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | (28 | ) |  |  | - |  |  |  | (28 | )
SQM Vitas Plantacote B.V. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Pavoni & C. Spa |  |  | 10,062 |  |  |  | 6,490 |  |  |  | 8,098 |  |  |  | 698 |  |  |  | 15,461 |  |  |  | (79 | ) |  |  | - |  |  |  | (79 | )
Arpa Speciali S.R.L. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Covalent Lithium Pty Ltd. |  |  | 239 |  |  |  | 100 |  |  |  | 233 |  |  |  | - |  |  |  | - |  |  |  | 106 |  |  |  | - |  |  |  | 106 |
Total |  |  | 139,604 |  |  |  | 46,597 |  |  |  | 79,678 |  |  |  | 6,664 |  |  |  | 167,909 |  |  |  | 5,242 |  |  |  | (1,321 | ) |  |  | 3,921 |
|  | 12/31/2017 |
Joint Venture |  | Assets |  |  | Liabilities |  |  |  |  |  | Gain (loss) from |  |  | Other |  |  |  |
|  | Current |  |  | Non-current |  |  | Current |  |  | Non-current |  |  | Revenue |  |  | continuing operations |  |  | comprehensive income |  |  | Comprehensive income |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Sichuan SQM Migao Chemical Fertilizers Co. Ltda. |  |  | 31,461 |  |  |  | 6,656 |  |  |  | 15,228 |  |  |  | - |  |  |  | 13,326 |  |  |  | (1,070 | ) |  |  | - |  |  |  | (1,070 | )
Coromandel SQM India |  |  | 6,659 |  |  |  | 862 |  |  |  | 4,205 |  |  |  | 53 |  |  |  | 10,381 |  |  |  | 332 |  |  |  | - |  |  |  | 332 |
SQM Vitas Fzco. |  |  | 23,699 |  |  |  | 17,479 |  |  |  | 2,221 |  |  |  | - |  |  |  | 15,518 |  |  |  | 3,003 |  |  |  | (9 | ) |  |  | 2,994 |
SQM Star Qingdao Corp. Nutrition Co. Ltd. |  |  | 6,941 |  |  |  | 171 |  |  |  | 1,152 |  |  |  | - |  |  |  | 12,631 |  |  |  | 721 |  |  |  | - |  |  |  | 721 |
SQM Vitas Brazil Agroindustria |  |  | 30,303 |  |  |  | 8,453 |  |  |  | 27,752 |  |  |  | - |  |  |  | 60,131 |  |  |  | 1,753 |  |  |  | (101 | ) |  |  | 1,652 |
SQM Vitas Peru S.A.C |  |  | 20,933 |  |  |  | 8,534 |  |  |  | 17,380 |  |  |  | 6,126 |  |  |  | 35,299 |  |  |  | (216 | ) |  |  | - |  |  |  | (216 | )
SQM Vitas Holland B.V. |  |  | 2,190 |  |  |  | 669 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (36 | ) |  |  | - |  |  |  | (36 | )
SQM Vitas Plantacote B.V. |  |  | 679 |  |  |  | - |  |  |  | 10 |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | (1 | )
Minera Exar S.A. |  |  | 19,277 |  |  |  | 73,114 |  |  |  | 38,670 |  |  |  | - |  |  |  | - |  |  |  | (53 | ) |  |  | - |  |  |  | (53 | )
Total |  |  | 142,142 |  |  |  | 115,938 |  |  |  | 106,618 |  |  |  | 6,179 |  |  |  | 147,286 |  |  |  | 4,433 |  |  |  | (110 | ) |  |  | 4,323 |
|  | 12/31/2016 |
Joint Venture |  | Assets |  |  | Liabilities |  |  |  |  |  | Gain (loss) from |  |  | Other |  |  |  |
|  | Current |  |  | Non-current |  |  | Current |  |  | Non-current |  |  | Revenue |  |  | continuing operations |  |  | comprehensive income |  |  | Comprehensive income |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Sichuan SQM Migao Chemical Fertilizers Co. Ltda. |  |  | 43,639 |  |  |  | 7,399 |  |  |  | 26,738 |  |  |  | - |  |  |  | 16,051 |  |  |  | (2,744 | ) |  |  | - |  |  |  | (2,744 | )
Coromandel SQM India |  |  | 4,485 |  |  |  | 847 |  |  |  | 2,334 |  |  |  | - |  |  |  | 8,034 |  |  |  | 870 |  |  |  | - |  |  |  | 870 |
SQM Vitas Fzco. |  |  | 20,896 |  |  |  | 16,395 |  |  |  | 1,380 |  |  |  | - |  |  |  | 16,210 |  |  |  | 6,916 |  |  |  | 897 |  |  |  | 7,813 |
SQM Star Qingdao Corp. Nutrition Co. Ltd. |  |  | 5,733 |  |  |  | 203 |  |  |  | 697 |  |  |  | - |  |  |  | 7,553 |  |  |  | 325 |  |  |  | - |  |  |  | 325 |
SQM Vitas Brazil Agroindustria |  |  | 21,511 |  |  |  | 8,917 |  |  |  | 21,085 |  |  |  | - |  |  |  | 63,055 |  |  |  | 4,570 |  |  |  | 5,690 |  |  |  | 10,260 |
SQM Vitas Peru S.A.C |  |  | 23,598 |  |  |  | 8,931 |  |  |  | 20,333 |  |  |  | 6,231 |  |  |  | 36,926 |  |  |  | 815 |  |  |  | - |  |  |  | 815 |
SQM Vitas Holland B.V. |  |  | 1,961 |  |  |  | 588 |  |  |  | 11 |  |  |  | - |  |  |  | - |  |  |  | 342 |  |  |  | - |  |  |  | 342 |
SQM Vitas Plantacote B.V. |  |  | 619 |  |  |  | - |  |  |  | 31 |  |  |  | - |  |  |  | - |  |  |  | (159 | ) |  |  | - |  |  |  | (159 | )
Total |  |  | 122,442 |  |  |  | 43,280 |  |  |  | 72,609 |  |  |  | 6,231 |  |  |  | 147,829 |  |  |  | 10,935 |  |  |  | 6,587 |  |  |  | 17,522 |
| 9.5 | Other Joint Venture disclosures:
|  | Cash and cash equivalents |  |  | Other current financial liabilities |  |  | Other non-current financial liabilities |
|  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2018 |  |  | 12/31/2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$$ |
Sichuan SQM Migao Chemical Fertilizers Co. Ltd. |  |  | 106 |  |  |  | 6,198 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Coromandel SQM India |  |  | 308 |  |  |  | 1,118 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
SQM Vitas Fzco. |  |  | 19,312 |  |  |  | 15,307 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
SQM Star Qingdao Corp. Nutrition Co. Ltd. |  |  | 4,543 |  |  |  | 3,675 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
SQM Vitas Brazil Agroindustria |  |  | 1,869 |  |  |  | 5,139 |  |  |  | 13,380 |  |  |  | 7,342 |  |  |  | - |  |  |  | - |
SQM Vitas Peru S.A.C. |  |  | 371 |  |  |  | 687 |  |  |  | 3,819 |  |  |  | 2,215 |  |  |  | 801 |  |  |  | 1,372 |
SQM Vitas Holland B.V. |  |  | 2,692 |  |  |  | 2,190 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
SQM Vitas Plantacote B.V. |  |  | - |  |  |  | 679 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Minera Exar S.A. |  |  | - |  |  |  | 9,189 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Pavoni &C., Spa |  |  | 407 |  |  |  | - |  |  |  | 5,464 |  |  |  | - |  |  |  | - |  |  |  | - |
Arpa Speciali S.R.L. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Covalent Lithium Pty Ltd. |  |  | 156 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 29,764 |  |  |  | 44,182 |  |  |  | 22,663 |  |  |  | 9,557 |  |  |  | 801 |  |  |  | 1,372 |
|  | Depreciation and amortization expense |  |  | Interest expense |  |  | Income tax expense, continuing operations |
|  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Sichuan SQM Migao Chemical Fertilizers Co. Ltd. |  |  | (948 | ) |  |  | (696 | ) |  |  | (691 | ) |  |  | (1 | ) |  |  | (25 | ) |  |  | (433 | ) |  |  | 97 |  |  |  | 303 |  |  |  | 200 |
Coromandel SQM India |  |  | 445 |  |  |  | - |  |  |  | - |  |  |  | (9 | ) |  |  | (16 | ) |  |  | (49 | ) |  |  | (38 | ) |  |  | (485 | ) |  |  | (44 | )
SQM Vitas Fzco. |  |  | (509 | ) |  |  | (553 | ) |  |  | (717 | ) |  |  | (8 | ) |  |  | (19 | ) |  |  | (16 | ) |  |  | - |  |  |  | - |  |  |  | - |
SQM Star Qingdao Corp. Nutrition Co. Ltd. |  |  | (67 | ) |  |  | (68 | ) |  |  | (64 | ) |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | (187 | ) |  |  | (174 | ) |  |  | (195 | )
SQM Vitas Brazil Agroindustria |  |  | (408 | ) |  |  | (453 | ) |  |  | (438 | ) |  |  | (886 | ) |  |  | (1,253 | ) |  |  | (2,127 | ) |  |  | (117 | ) |  |  | (283 | ) |  |  | (337 | )
SQM Vitas Peru S.A.C. |  |  | (347 | ) |  |  | (375 | ) |  |  | (82 | ) |  |  | (425 | ) |  |  | (432 | ) |  |  | (323 | ) |  |  | (230 | ) |  |  | (214 | ) |  |  | (362 | )
SQM Vitas Holland B.V. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
SQM Vitas Plantacote B.V. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |
Minera Exar S.A. |  |  | - |  |  |  | (523 | ) |  |  | - |  |  |  | - |  |  |  | (32 | ) |  |  | - |  |  |  | - |  |  |  | (620 | ) |  |  | - |
Pavoni & C., Spa |  |  | (542 | ) |  |  | - |  |  |  | - |  |  |  | (335 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Arpa Speciali S.R.L. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Covalent Lithium Pty Ltd. |  |  | (16 | ) |  |  | - |  |  |  | - |  |  |  | (5 | ) |  |  | - |  |  |  | - |  |  |  | (46 | ) |  |  | - |  |  |  | - |
Total |  |  | (2,392 | ) |  |  | (2,668 | ) |  |  | (1,992 | ) |  |  | (1,669 | ) |  |  | (1,778 | ) |  |  | (2,950 | ) |  |  | (521 | ) |  |  | (1,473 | ) |  |  | (738 | )
The basis of preparation of the financial information of joint ventures corresponds to the amounts included in the financial statements in conformity with the entity’s IFRS. 9.6 Joint Operation In 2017, we continued to expand our operations outside Chile and, together with our subsidiary SQM Australia Pty, we entered into an agreement to acquire 50% of the assets of the Mount Holland lithium project in Western Australia. We entered into a 50/50 unincorporated joint operation with Kidman Resources Limited (“Kidman”), the Mt Holland Lithium Project, to design, construct and operate a mine, concentrator and refinery to produce approximately 45,000 metric tons of lithium hydroxide per year. Kidman retained the exclusive right to exploit gold within the project area. SQM Australia Pty committed to pay a price of US$70 million for the 50% of the Mt Holland assets, which was split into an initial payment of US$ 15 million and a deferred payment of US$ 55 million, both payments subject to certain conditions precedent. SQM Australia paid an additional (i) US$10 million as part of the initial payment, and (ii) US$30 million once the deferred payment took place. All payments subject to conditions under the purchase agreement with Kidman were executed by December 2018.

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