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Financial risk management (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of Financial Risk Management Explanatory [Abstract]  
Disclosure of credit risk exposure [text block]
The credit quality of financial assets that are not past due or impaired can be evaluated by reference to external credit ratings (if available) or historical information on counterparty late payment rates:
 
Financial institution
 
Financial assets
 
 
Rating Institution
 
 
12/31/2018
 
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco de Chile
 
Time deposits
 
 
P-1
 
 
A-1
 
 
 
-
 
 
 
7,305
 
Banco de Crédito e Inversiones
 
Time deposits
 
 
P-1
 
 
A-1
 
 
 
 
 
 
 
27,428
 
Banco Itau Corpbanca
 
Time deposits
 
 
P-2
 
 
A-2
 
 
 
 
 
 
 
61,946
 
Banco Santander
 
Time deposits
 
 
-
 
 
-
 
 
 
 
 
 
 
432
 
Banco Estado
 
Time deposits
 
 
-
 
 
-
 
 
 
 
 
 
 
3,602
 
BBVA Banco Francés
 
Time deposits
 
 
-
 
 
-
 
 
 
-
 
 
 
84
 
Nedbank
 
Time deposits
 
 
P-3
 
 
B
 
 
 
-
 
 
 
647
 
JP Morgan US dollar Liquidity Fund Institutional
 
Investment fund deposits
 
 
-
 
 
-
 
 
 
-
 
 
 
133,809
 
Legg Mason - Western Asset Institutional Cash Reserves
 
Investment fund deposits
 
 
-
 
 
-
 
 
 
-
 
 
 
132,108
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
367,361
 
 
Financial institution
 
Financial assets
 
 
Rating Institution
 
 
12/31/2018
 
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco Sud Americano
 
90 days to 1 year
 
 
-
 
 
-
 
 
 
-
 
 
 
24,898
 
Banco de Crédito e Inversiones
 
90 days to 1 year
 
 
P-1
 
 
A-1
 
 
 
-
 
 
 
145,834
 
Banco Santander
 
90 days to 1 year
 
 
P-1
 
 
A-1
 
 
 
-
 
 
 
23,124
 
Banco Itaú-Corpbanca
 
90 days to 1 year
 
 
P-2
 
 
A-2
 
 
 
-
 
 
 
70,719
 
Banco Security
 
90 days to 1 year
 
 
-
 
 
-
 
 
 
-
 
 
 
27,215
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
291,790
 
 
The following table presents comparative information as of December 2017:
 
Financial institution
 
Financial assets
 
 
Rating Institution
 
 
12/31/2017
 
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco BBVA Chile
 
Time deposits
 
 
 
P-2
 
 
 
A-2
 
 
 
-
 
 
 
41,860
 
Banco de Crédito e Inversiones
 
Time deposits
 
 
 
P-1
 
 
 
A-1
 
 
 
F1
 
 
 
120,616
 
Banco Santander - Santiago
 
Time deposits
 
 
 
P-1
 
 
 
A-1
 
 
 
F1
 
 
 
35,558
 
BBVA Banco Francés
 
Time deposits
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
163
 
Itau-Corpbanca
 
Time deposits
 
 
 
P-2
 
 
 
A-2
 
 
 
-
 
 
 
75,072
 
JP Morgan US dollar Liquidity Fund Institutional
 
Investment fund deposits
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
143,333
 
Legg Mason - Western Asset Institutional Cash Reserves
 
 
 
 
 
 
 
 
 
-
 
 
 
-
 
 
 
 
Reserves
 
Investment fund deposits
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
144.464
 
Scotiabank Sud Americano
 
Time deposit
 
 
 
 
 
 
 
-
 
 
 
-
 
 
 
12,520
 
Nedank
 
Time deposit
 
 
 
P-3
 
 
 
B
 
 
 
-
 
 
 
3,686
 
ABN Amro Bank
 
Time deposit
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,439
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
578,711
 
 
Financial institution
 
Financial assets
 
 
Rating Institution
 
 
12/31/2017
 
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco BBVA Chile
 
90 days to 1 year
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,207
 
Banco de Crédito e Inversiones
 
90 days to 1 year
 
 
 
P-1
 
 
 
A-1
 
 
 
F1
 
 
 
71,748
 
Banco de Chile
 
90 days to 1 year
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,834
 
Banco Itaú-Corpbanca
 
90 days to 1 year
 
 
 
P-1
 
 
 
A-2
 
 
 
-
 
 
 
77,526
 
Banco Santander - Santiago
 
90 days to 1 year
 
 
 
P-1
 
 
 
A-1
 
 
 
F1
 
 
 
163,269
 
Morgan Stanley
 
90 days to 1 year
 
 
 
P-2
 
 
 
A-2
 
 
 
F1
 
 
 
4,191
 
Banco Security
 
90 days to 1 year
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
28,592
 
Scotiabank Sud Americano
 
90 days to 1 year
 
 
 
-
 
 
 
-
 
 
 
AA
 
 
 
13,765
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
365,132
 
 
Disclosure of cash and cash equivalents of cashflows [Text Block]
The position in other cash and cash equivalents generated by the Company are invested in highly liquid mutual funds with an AAA risk rating.
 
 
 
Nature of undiscounted cash flows
 
As of December 31, 2018
 
Carrying amount
 
 
Less than 1 year
 
 
1 to 5 years
 
 
Over 5 years
 
 
Total
 
(in millions of US$)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other non-derivative financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank borrowings
 
 
70.25
 
 
 
4.10
 
 
 
79.66
 
 
 
-
 
 
 
83.76
 
Unsecured obligations
 
 
1,273.07
 
 
 
61.37
 
 
 
823.76
 
 
 
713.60
 
 
 
1,598.73
 
Subtotal
 
 
1,343.32
 
 
 
65.47
 
 
 
903.42
 
 
 
713.60
 
 
 
1,682.49
 
Other derivative financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hedging liabilities
 
 
(14.34
)
 
 
5.52
 
 
 
15.64
 
 
 
29.27
 
 
 
50.43
 
Derivative financial instruments
 
 
0.16
 
 
 
0.16
 
 
 
-
 
 
 
-
 
 
 
0.16
 
Subtotal
 
 
(14.18
)
 
 
5.68
 
 
 
15.64
 
 
 
29.27
 
 
 
50.59
 
Trade accounts payable and other accounts payable
 
 
163.75
 
 
 
163.17
 
 
 
0.58
 
 
 
-
 
 
 
-
 
Total
 
 
1,492.89
 
 
 
234.32
 
 
 
919.64
 
 
 
742.87
 
 
 
1,733.08
 
 
 
 
Nature of undiscounted cash flows
 
As of December 31, 2017
 
Carrying amount
 
 
Less than 1 year
 
 
1 to 5 years
 
 
Over 5 years
 
 
Total
 
(in millions of US$)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other non-derivative financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank borrowings
 
 
163.57
 
 
 
164.78
 
 
 
-
 
 
 
-
 
 
 
164.78
 
Unsecured obligations
 
 
1,054.89
 
 
 
47.45
 
 
 
522.52
 
 
 
751.67
 
 
 
1,321.64
 
Subtotal
 
 
1,218.46
 
 
 
212.23
 
 
 
522.52
 
 
 
751.67
 
 
 
1,486.42
 
Other derivative financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hedging liabilities
 
 
28,38
 
 
 
37.01
 
 
 
(9.51
)
 
 
(18.36
)
 
 
9.14
 
Derivative financial instruments
 
 
0,80
 
 
 
0.80
 
 
 
-
 
 
 
-
 
 
 
0.80
 
Subtotal
 
 
29,18
 
 
 
37.81
 
 
 
(9.51
)
 
 
(18.36
)
 
 
9.94
 
Trade accounts payable and other accounts payable
 
 
196,28
 
 
 
196.18
 
 
 
0.10
 
 
 
-
 
 
 
-
 
Total
 
 
1,247.64
 
 
 
446.22
 
 
 
513.11
 
 
 
733.31
 
 
 
1,496.36