Cash and cash equivalents

12 Months Ended

Dec. 31, 2018

DisclosureOfCashAndCashEquivalentsExplanatory [Abstract]

Cash and cash equivalents

Note 10

Cash and cash equivalents

10.1

Types of cash and cash equivalents

As of December 31, 2018 and December 31, 2017, cash and cash equivalents are detailed as follows:

Cash

	12/31/2018		12/31/20171
	ThUS$		ThUS$
Cash on hand		75		60
Cash in banks		101,662		50,137
Other demand deposits		746		1,530
Total cash		102,483		51,727

Cash equivalents

	12/31/2018		12/31/2017
	ThUS$		ThUS$
Short-term deposits, classified as cash equivalents		187,666		290,914
Short-term investments, classified as cash equivalents		265,917		287,797
Total cash equivalents		453,583		578,711

Total cash and cash equivalents		556,066		630,438

10.2

Short-term investments, classified as cash equivalents

As of December 31, 2018 and December 31, 2017, the short-term investments classified as cash and cash equivalents relate to mutual funds (investment liquidity funds) for investments in:

Institution	12/31/2018 ThUS$		12/31/2017 ThUS$
Legg Mason - Western Asset Institutional Cash Reserves		132,108		144,464
JP Morgan US dollar Liquidity Fund Institutional		133,809		143,333
Total		265,917		287,797

Short-term investments are highly liquid fund manager accounts that are basically invested in short-term fixed rate notes in the U.S. market.

10.3

Information on cash and cash equivalents by currency

As of December 31, 2018 and December 31, 2017, information on cash and cash equivalents by currency is detailed as follows:

Original currency	12/31/2018		12/31/2017
	ThUS$		ThUS$
Chilean Peso (*)		157,500		579
US Dollar		353,037		612,727
Euro		4,739		9,782
Mexican Peso		1,242		258
South African Rand		5,843		4,074
Japanese Yen		1,786		1,773
Peruvian Sol		7		8
Brazilian Real		-		38
Chinese Yuan		2,305		1,143
Dírham United Arab Emirates		1		-
Indian rupee		3		-
Argentine Peso		2		1
Pound Sterling		3		55
Australian dollar		29,598		-
Total		556,066		630,438

(*) The Company maintains financial derivative policies which allow to

minimize the risk of the variation in Chilean pesos exchange rate

10.4

Amount restricted (unavailable) cash balances

Cash on hand and in current bank accounts are available resources, and their carrying value is equal to their fair value.

As of December 31, 2018 and December 31, 2017, restricted cash balances are presented in Note 14.

10.5

Short-term deposits, classified as cash equivalents

The detail at the end of each period is as follows:

2018 Receiver of the deposit	Type of deposit		Original Currency		Interest rate		Placement date		Expiration date		Principal ThUS$		Interest accrued to-date ThUS$		12/31/2018 ThUS$
Scotiabank		Fixed term		Ch$		2.50		10/18/2018		1/16/2019		14,606		90		14,696
Banco Crédito e Inversiones		Fixed term		Ch$		2.55		11/6/2018		1/9/2019		19,632		92		19,724
Scotiabank		Fixed term		Ch$		2.55		11/30/2018		1/3/2019		14,393		38		14,431
Scotiabank		Fixed term		Ch$		2.55		12/3/2018		1/3/2019		11,515		27		11,542
Itau-Corpbanca		Fixed term		Ch$		2.50		12/3/2018		1/3/2019		14,393		34		14,427
Itau-Corpbanca		Fixed term		Ch$		2.50		12/7/2018		1/9/2019		14,393		29		14,422
Itau-Corpbanca		Fixed term		Ch$		2.50		12/10/2018		1/9/2019		12,954		23		12,977
Scotiabank		Fixed term		Ch$		2.35		12/10/2018		1/9/2019		12,954		21		12,975
Itau-Corpbanca		Fixed term		US$		3.06		12/11/2018		1/11/2019		1,300		2		1,302
Banco Estado		Fixed term		US$		2.75		12/12/2018		1/15/2019		1,000		1		1,001
Itau-Corpbanca		Fixed term		Ch$		2.50		12/14/2018		1/9/2019		14,392		20		14,412
Scotiabank		Fixed term		Ch$		2.65		12/17/2018		1/17/2019		14,393		18		14,411
Scotiabank		Fixed term		Ch$		2.60		12/17/2018		1/17/2019		10,892		13		10,905
Banco Crédito e Inversiones		Fixed term		US$		2.93		12/17/2018		1/31/2019		1,400		2		1,402
Itau-Corpbanca		Fixed term		US$		3.30		12/17/2018		1/31/2019		1,400		2		1,402
Itau-Corpbanca		Fixed term		US$		3.40		12/17/2018		1/31/2019		3,000		4		3,004
Banco de Chile		Fixed term		US$		3.06		12/17/2018		1/31/2019		1,700		2		1,702
Scotiabank Sud Americano		Fixed term		US$		2.95		12/17/2018		1/31/2019		1,500		2		1,502
Banco de Chile		Fixed term		US$		3.26		12/19/2018		1/31/2019		800		1		801
Banco Crédito e Inversiones		Fixed term		US$		3.42		12/26/2018		2/26/2019		2,800		1		2,801
Banco de Chile		Fixed term		US$		3.26		12/26/2018		2/26/2019		2,800		1		2,801
Scotiabank Sud Americano (*)		Fixed term		Ch$		0.26		12/27/2018		1/7/2019		1,439		1		1,440
Scotiabank Sud Americano (*)		Fixed term		Ch$		0.26		12/27/2018		1/14/2019		2,879		1		2,880
Scotiabank Sud Americano (*)		Fixed term		Ch$		0.26		12/27/2018		1/21/2019		1,439		1		1,440
Banco Estado		Fixed term		US$		3.15		12/28/2018		1/28/2019		2,000		1		2,001
Banco Estado		Fixed term		US$		3.15		12/28/2018		1/28/2019		600		-		600
Banco de Chile		Fixed term		US$		3.16		12/28/2018		1/28/2019		2,000		1		2,001
Banco Crédito e Inversiones		Fixed term		US$		2.53		12/28/2018		1/8/2019		1,000		-		1,000
Banco Crédito e Inversiones		Fixed term		US$		3.08		12/28/2018		1/28/2019		2,500		1		2,501
Banco Santander- Santiago		Fixed term		Ch$		0.20		12/28/2018		1/4/2019		432		-		432
BBVA Banco Francés		Fixed term		US$		-		12/31/2018		1/21/2019		81		3		84
Nedbank		On demand		US$		-		12/31/2018		1/1/2019		647		-		647
Total												187,234		432		187,666

(*) Corresponds to monthly rate.

2017 Receiver of the deposit	Type of deposit		Original Currency	Interest rate		Placement date		Expiration date		Principal ThUS$		Interest accrued to-date ThUS$		12/31/2017 ThUS$
Scotiabank Sud Americano		Fixed term	Ch$		0.24		11/21/2017		1/02/2018		8,943		30		8,973
Banco Itau Chile		Fixed term	Ch$		0.24		11/28/2017		1/02/2018		15,652		41		15,693
Banco Itau Chile		Fixed term	Ch$		0.24		11/28/2017		1/02/2018		15,652		41		15,693
Banco BBVA Chile		Fixed term	Ch$		0.23		11/28/2017		1/02/2018		15,652		40		15,692
Banco BBVA Chile		Fixed term	Ch$		0.23		11/28/2017		1/02/2018		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		1/04/2018		1,301		-		1,301
Scotiabank Sud Americano		Fixed term	Ch$		0.21		12/29/2017		1/05/2018		976		-		976
Scotiabank Sud Americano		Fixed term	Ch$		0.21		12/29/2017		1/05/2018		569		-		569
Banco Santander - Santiago		Fixed term	US$		2.45		12/06/2017		1/05/2018		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		1/04/2018		2,300		1		2,301
Banco Santander - Santiago		Fixed term	US$		2.88		12/27/2017		1/04/2018		2,300		1		2,301
Banco BBVA Chile		Fixed term	US$		2.80		12/27/2017		1/04/2018		1,400		-		1,400
BBVA Banco Francés		Fixed term	US$		0.19		12/11/2017		1/31/2018		163		-		163
Nedbank		On demand	US$		-		12/01/2017		1/31/2018		3,686		-		3,686
ABN Amro Bank		Fixed term	US$		-		12/31/2017		1/02/2018		1,439		-		1,439
Total											290,397		517		290,914

10.6

Other information

Net Debt reconciliation

This section sets out an analysis of net debt and the movements in net debt for each of the periods presented.

Net debt	12/31/2018			12/31/2017
	ThUS$			ThUS$

Cash and cash equivalents		556,066			630,438
Other current financial assets		312,721			366,979
Other non-current financial hedge assets		13,425			8,910
Borrowings - repayable within one year (including overdraft)		(23,585	)		(220,328	)
Borrowings - repayable after one year		(1,330,382	)		(1,031,507	)
Net debt		(471,755	)		(245,508	)

Cash and liquid investments		882,212			1,006,327
Gross debt - fixed interest rates		(1,353,967	)		(1,251,835	)
Net debt		(471,755	)		(245,508	)

														Foreign
									Other inflows					currency
				Repayment of		Proceeds from			(outflows) of					translation
	12/31/2017			borrowings		borrowings			cash			Hedging effects		differences			Other			12/31/2018
	ThUS$			ThUS$		ThUS$			ThUS$			ThUS$		ThUS$			ThUS$			ThUS$
Current financial liabilities and non-current		(1,251,835	)		213,000		(376,039	)		-			23,092		39,520			(1,704	)		(1,353,967	)
Cash and cash equivalents		630,438			-		-			(49,478	)		-		(24,894	)		-			556,066
Other current financial assets		375,889			-		-			(69,151	)		19,408		-			-			326,146
Net Debt		(245,508	)		213,000		(376,039	)		(118,629	)		42,500		14,626			(1,704	)		(471,755	)