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Basis of presentation for the consolidated financial statements (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Basis of presentation for the consolidated financial statements [Abstract]  
Disclosure Of Reclassification Of Assets [Text Block]
A reconciliation of such differences is presented as follows:
  
 
 
Balances originally
reported as of
December 31, 2017
 
 
Reclassified balances
as of December 31,
2017
 
 
Reclassification
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Investments classified using the equity method of accounting
 
 
146,425
 
 
 
152,630
 
 
 
6,205
 
Intangible assets other than goodwill
 
 
105,948
 
 
 
113,787
 
 
 
7,839
 
Goodwill
 
 
44,177
 
 
 
37,972
 
 
 
(6,205
)
Property, plant and equipment
 
 
1,437,193
 
 
 
1,429,354
 
 
 
(7,839
)
Total
 
 
1,733,743
 
 
 
1,733,743
 
 
 
-
 
Disclosure Of Classification measurement And Effects By The Application Of IFRS 9 [Table Text Block]
The following is a summary with the classification, measurement and effects by the application of IFRS 9:
 
Financial Assets
 
 
Measurement
Category under
IAS 39
 
 
 
 
Measurement
category under
IFRS 9
 
 
 
 
12/31/2017
Total
Amount
ThUS$
 
 
IFRS 9
Adjustment
ThUS$
 
 
01/01/2018
Total
Amount
Restated
ThUS$
 
Description of financial current assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalent
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
630,438
 
 
 
-
 
 
 
630,438
 
Trade receivables due from related parties
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
59,132
 
 
 
-
 
 
 
59,132
 
Financial assets measured at amortized cost
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
360,941
 
 
 
-
 
 
 
360,941
 
Loans and receivables measured at amortized cost
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
446,875
 
 
 
(2,301
)
 
 
444,574
 
Derivatives held for trading at fair value through profit or loss
 
 
FVTPL
 
 
 
FVTPL
 
 
 
6,038
 
 
 
-
 
 
 
6,038
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
45
 
 
 
-
 
 
 
45
 
Loans and receivables
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
1,912
 
 
 
-
 
 
 
1,912
 
Derivatives for hedging purposes
 
 
FVTOCI
 
 
 
FVTOCI
 
 
 
8,910
 
 
 
-
 
 
 
8,910
 
Financial assets classified as available for sale at fair value through equity
 
 
Irrevocable FVTOCI
 
 
 
FVTOCI
 
 
 
33,924
 
 
 
-
 
 
 
33,924
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total IFRS 9 Adjustment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2,301
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
Measurement
Category under
IAS 39
 
 
 
Measurement
category under
IFRS 9
 
 
 
12/31/2017
Total
Amount
ThUS$
 
 
IFRS 9
Adjustment
ThUS$
 
 
01/01/2018
Total
Amount
Restated
ThUS$
 
Description of financial Current liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable to related entities
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
1,365
 
 
 
 
 
 
 
1,365
 
Derivatives for hedging purposes
 
 
FVTOCI
 
 
 
FVTOCI
 
 
 
37,287
 
 
 
 
 
 
 
37,287
 
Derivatives at fair value through profit or loss
 
 
FVTOCI
 
 
 
FVTPL
 
 
 
5,979
 
 
 
 
 
 
 
5,979
 
Bank loans
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
163,568
 
 
 
 
 
 
 
163,568
 
Obligations to the public
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
13,494
 
 
 
 
 
 
 
13,494
 
Financial liabilities at amortized cost (trade and other payables)
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
196,280
 
 
 
 
 
 
 
196,280
 
Financial Liabilities Non-Current
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations to the public
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
1,031,507
 
 
 
 
 
 
 
1,031,507
 
Financial liabilities at amortized cost (trade and other payables)
 
 
Amortized cost
 
 
 
Amortized cost
 
 
 
-
 
 
 
 
 
 
 
-
 
Deferred tax liabilities
 
 
 
 
 
 
 
 
 
 
205,904
 
 
 
(621
)
 
 
205,283
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity
 
 
 
 
 
 
 
 
 
 
2,247,468
 
 
 
(1,680
)
 
 
2,245,788
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total IFRS 9 Adjustment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2.301
)
 
 
 
 
 
Disclosure of subsidiaries [text block]
Companies included in consolidation:
 
 
 
 
 
 
 
 
 
Ownership interest
 
TAX ID
 
 
 
Country of
 
 
 
 
 
 
12/31/2018
 
 
 
 
 
12/31/2017
 
No.
 
 Foreign subsidiaries
 
origin
 
Functional currency
 
Direct
 
 
Indirect
 
 
Total
 
 
Total
 
Foreign
 
Nitratos Naturais Do Chile Ltda,
 
Brazil
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
Nitrate Corporation Of Chile Ltd,
 
United Kingdom
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM North America Corp,
 
USA
 
US$
 
40.0000
 
 
60.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Europe N.V.
 
Belgium
 
US$
 
0.5800
 
 
99.4200
 
 
100.0000
 
 
100.0000
 
Foreign
 
Soquimich S.R.L. Argentina
 
Argentina
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
Soquimich European Holding B.V.
 
Netherlands
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Corporation N.V.
 
Netherlands
 
US$
 
0.0002
 
 
99.9998
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQI Corporation N.V.
 
Netherlands
 
US$
 
0.0159
 
 
99.9841
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Comercial De México S.A. de C.V.
 
Mexico
 
US$
 
0.0100
 
 
99.9900
 
 
100.0000
 
 
100.0000
 
Foreign
 
North American Trading Company
 
USA
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
Administración y Servicios Santiago S.A. de C.V.
 
Mexico
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Peru S.A.
 
Peru
 
US$
 
0.9800
 
 
99.0200
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Ecuador S.A.
 
Ecuador
 
US$
 
0.0040
 
 
99.9960
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Nitratos Mexico S.A. de C.V.
 
Mexico
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQMC Holding Corporation L.L.P.
 
USA
 
US$
 
0.1000
 
 
99.9000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Investment Corporation N.V.
 
Netherlands
 
US$
 
1.0000
 
 
99.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Brasil Limitada
 
Brazil
 
US$
 
1.0900
 
 
98.9100
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM France S.A.
 
France
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Japan Co. Ltd.
 
Japan
 
US$
 
0.1597
 
 
99.8403
 
 
100.0000
 
 
100.0000
 
Foreign
 
Royal Seed Trading Corporation A.V.V.
 
Aruba
 
US$
 
1.6700
 
 
98.3300
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Oceania Pty Limited
 
Australia
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
Rs Agro-Chemical Trading Corporation A.V.V.
 
Aruba
 
US$
 
98.3333
 
 
1.6667
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Colombia SAS
 
Colombia
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Australia PTY
 
Australia
 
Australian dollar
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SACAL S.A.
 
Argentina
 
Argentine peso
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
 
TAX ID
 
 
 
Country of
 
 
 
 
 
 
12/31/2018
  
 
  
12/31/2017
 
No.
 
Foreign subsidiaries
 
origin
 
Functional currency
 
Direct
 
 
Indirect
 
 
Total
 
 
Total
 
Foreign
 
SQM Indonesia S.A.
 
Indonesia
 
US$
 
0.0000
 
 
80.0000
 
 
80.0000
 
 
80.0000
 
Foreign
 
SQM Virginia L.L.C.
 
USA
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Italia SRL
 
Italy
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
Comercial Caimán Internacional S.A.
 
Panama
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Africa Pty.
 
South Africa
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Lithium Specialties LLC
 
USA
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Iberian S.A.
 
Spain
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Beijing Commercial Co. Ltd.
 
China
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
100.0000
 
Foreign
 
SQM Thailand Limited
 
Thailand
 
US$
 
0.0000
 
 
99.996
 
 
99.996
 
 
99.996
 
Foreign
 
SQM Internacional N.V.
 
Belgium
 
US$
 
0.5800
 
 
99.4200
 
 
100.0000
 
 
0.0000
 
Foreign
 
SQM (Shanghai) Chemicals Co. Ltd.
 
China
 
US$
 
0.0000
 
 
100.0000
 
 
100.0000
 
 
0.0000
 
 
 
 
 
 
 
 
 
 
Ownership interest
 
TAX ID
 
 
 
Country of
 
 
 
 
 
 
 
12/31/2018
 
 
 
 
 
12/31/2017
 
No.
 
Domestic subsidiaries
 
origin
 
Functional currency
 
Direct
 
 
Indirect
 
 
Total
 
 
Total
 
96.801.610-5
 
Comercial Hydro S.A.
 
Chile
 
US$
 
0,0000
 
 
60,6383
 
 
60,6383
 
 
60,6383
 
96.651.060-9
 
SQM Potasio S.A.
 
Chile
 
US$
 
99,9999
 
 
0,0000
 
 
99,9999
 
 
99,9999
 
96.592.190-7
 
SQM Nitratos S.A.
 
Chile
 
US$
 
99,9999
 
 
0,0001
 
 
100,0000
 
 
100,0000
 
96.592.180-K
 
Ajay SQM Chile S.A.
 
Chile
 
US$
 
51,0000
 
 
0,0000
 
 
51,0000
 
 
51,0000
 
86.630.200-6
 
SQMC Internacional Ltda.
 
Chile
 
Ch$
 
0,0000
 
 
60,6381
 
 
60,6381
 
 
60,6381
 
79.947.100-0
 
SQM Industrial S.A.
 
Chile
 
US$
 
99,0470
 
 
0,9530
 
 
100,0000
 
 
100,0000
 
79.906.120-1
 
Isapre Norte Grande Ltda.
 
Chile
 
Ch$
 
1,0000
 
 
99,0000
 
 
100,0000
 
 
100,0000
 
79.876.080-7
 
Almacenes y Depósitos Ltda.
 
Chile
 
Ch$
 
1,0000
 
 
99,0000
 
 
100,0000
 
 
100,0000
 
79.770.780-5
 
Servicios Integrales de Tránsitos y Transferencias S.A.
 
Chile
 
US$
 
0,0003
 
 
99,9997
 
 
100,0000
 
 
100,0000
 
79.768.170-9
 
Soquimich Comercial S.A.
 
Chile
 
US$
 
0,0000
 
 
60,6383
 
 
60,6383
 
 
60,6383
 
79.626.800-K
 
SQM Salar S.A.
 
Chile
 
US$
 
18,1800
 
 
81,8200
 
 
100,0000
 
 
100,0000
 
78.053.910-0
 
Proinsa Ltda.
 
Chile
 
Ch$
 
0,0000
 
 
60,5800
 
 
60,5800
 
 
60,5800
 
76.534.490-5
 
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A.
 
Chile
 
Ch$
 
0,0000
 
 
100,0000
 
 
100,0000
 
 
100,0000
 
76.425.380-9
 
Exploraciones Mineras S.A.
 
Chile
 
US$
 
0,2691
 
 
99,7309
 
 
100,0000
 
 
100,0000
 
76.064.419-6
 
Comercial Agrorama Ltda. (a)
 
Chile
 
Ch$
 
0,0000
 
 
42,4468
 
 
42,4468
 
 
42,4468
 
76.145.229-0
 
Agrorama S.A.
 
Chile
 
Ch$
 
0,0000
 
 
60,6377
 
 
60,6377
 
 
60,6377
 
76.359.919-1
 
Orcoma Estudios SPA
 
Chile
 
US$
 
51,0000
 
 
0,0000
 
 
51,0000
 
 
51,0000
 
76.360.575-2
 
Orcoma SPA
 
Chile
 
US$
 
100,0000
 
 
0,0000
 
 
100,0000
 
 
100,0000
 
76.686.311-9
 
SQM MaG SpA.
 
Chile
 
US$
 
0,0000
 
 
100,0000
 
 
100,0000
 
 
100,0000