Equity-accounted investees

12 Months Ended

Dec. 31, 2019

Disclosure Of Equity-accounted investees [Abstract]

Disclosure of investments accounted for using equity method [text block]

Note

8 Equity-accounted investees

8.1 Investments in associates recognized according to the equity method of accounting

As of December 31, 2019 and 2018, in accordance with criteria established in Note 2:

	Equity-accounted investees				Share in profit (loss) of associates accounted for using the ‎ equity method									Share in other comprehensive ‎ income of associates accounted for ‎ using the equity method, net of tax						Share in total other comprehensive income of associates ‎ accounted for using the equity method
Associates	As of December ‎ 31, 2019		As of December ‎ 31, 2018		As of December ‎ 31, 2019			As of December ‎ 31, 2018			As of December ‎ 31, 2017			As of December ‎ 31, 2019			As of December ‎ 31, 2018			As of December ‎ 31, 2019			As of December ‎ 31, 2018			As of December ‎ 31, 2017
	ThUS$		ThUS$		ThUS$			ThUS$			ThUS$			ThUS$			ThUS$			ThUS$			ThUS$			ThUS$
Abu Dhabi Fertilizer Industries WWL		11,609		10,821		634			596			1,483			1			-			635			596			1,483
Doktor Tarsa Tarim Sanayi AS		26,001		21,582		3,912			241			6,427			198			489			4,110			730			6,427
Ajay North America		14,669		14,951		2,871			3,728			3,677			-			-			2,871			3,728			3,677
Ajay Europe SARL		7,451		7,845		1,165			1,373			1,049			(179	)		(439	)		986			934			1,075
Charlee SQM Thailand Co Ltd		-		-		-			316			393			-			-			-			316			393
SQM Eastmed Turkey		623		310		354			370			(25	)		(42	)		(21	)		312			349			(25	)
Kore Potash PLC		24,739		20,467		(534	)		(1,543	)		-			(549	)		(1,206	)		(1,083	)		(2,749	)		-
Total		85,092		75,976		8,402			5,081			13,004			(571	)		(1,177	)		7,831			3,904			13,030

									Dividends received
Associate	Description of the nature of the relationship		Domicile		Country of ‎ incorporation		Share of ‎ ownership in ‎ associates		For the year ‎ ended December ‎ 31, 2019		For the year ‎ ended December ‎ 31, 2018		For the year ‎ ended December ‎ 31, 2017
									ThUS$		ThUS$		ThUS$
Abu Dhabi Fertilizer Industries WWL		Distribution and commercialization of specialty plant nutrients in the Middle East.		PO Box 71871, Abu Dhabi		United Arab Emirates		37%		-		6,632		-
Doktor Tarsa Tarim Sanayi AS		Distribution and commercialization of specialty plant nutrients in Turkey.		Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya		Turkey		50%		-		-		-
Ajay North America		Production and distribution of iodine derivatives.		1400 Industry RD Power Springs GA 30129		United States of America		49%		2,796		2,807		1,123
Ajay Europe SARL		Production and distribution of iodine derivatives.		Z.I. du Grand Verger BP 227 53602 Evron Cedex		France		50%		1,055		811		968
Charlee SQM Thailand Co Ltd		Distribution and commercialization of specialty plant nutrients.		31 Soi 138 (Meesuk) LLapdrawrd, Bangkapi, 10240 Bangkok		Thailand		40%		-		362		-
SQM Eastmed Turkey		Production and commercialization of specialty products.		Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya		Turkey		50%		-		-		-
Kore Potash Ltd		Prospection, exploration and mining development.		L 3 88 William ST Perth, was 6000		Australia		19.67%		-		-		-
Total										3,851		10,612		2,091

The companies described in the table below are related parties of the following associates:

(1) Doktor Tarsa Tarim Sanayi AS

(2) Terra Tarsa B.V.

(3) Abu Dhabi Fertilizer Industries WWL

									Dividends received
Associate	Description of the nature of the relationship		Domicile		Country of ‎ incorporation		Share of ‎ ownership in ‎ associates (*)		For the year ‎ ended December ‎ 31, 2019		For the year ‎ ended December ‎ 31, 2018		For the year ‎ ended December ‎ 31, 2017
									ThUS$		ThUS$		ThUS$
Terra Tarsa Ukraine LLC (2)		Distribution and trading of specialty plant nutrients.		74800 Ukraine, Kakhovka, 4 Yuzhnaya Str.		Ukraine		100%		-		-		-
Terra Tarsa BV (1)		Distribution and trading of specialty plant nutrients.		Herikerbergweg 238, Luna Arena, 1101CM Amsterdam PO Box 23393, 1100DW Amsterdam Zuidoost		Holland		50%		-		-		-
Plantacote NV (1)		Sale of CRF and production and sales of WSNPK.		Houtdok-Noordkaai 25a, 2030 Antwerpen, Belgium		Belgium		100%		-		-		-
Doctochem Tarim Sanayai Ticaret LTD (1)		Production, distribution and trading of specialty plant nutrition. .		Eski Büyükdere Cad No: 7 GIZ 2000 Plaza K:17 D:67-68 Maslak Sariyer Ístambul.		Turkey		100%		-		-		-
Terra Tarsa Don LLC		Distribution and sale of specialty fertilizers		Zorge Street, house 17, 344090, Rostov-on-Don		Russian Federation		100%		-		-		-
Doktolab Tarim Arastirma San. (1)		Laboratory services.		27. Cd. No:2, 07190 Aosb 2. Kısım/Döşemealtı, Antalya, Turkey		Turkey		100%		-		-		-
International Technical and Trading Agencies Co WLL (3)		Distribution and trading of specialty plant nutrients, in the Middle East.		P.O Box: 950918 Amman 11195		Jordan		50%		-		-		-
Total										-		-		-

(*) This percentage does not consider the shareholdings of the holders of these subsidiaries.

8.2 Assets, liabilities, revenue and expenses of associates

	As of and for the year ended December 31, 2019
											Gain (loss) from			Other
	Assets				Liabilities						continuing			comprehensive			Comprehensive
Associate	Current		Non-current		Current		Non-current		Revenue		operations			income			income
	ThUS$		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$			ThUS$			ThUS$
Abu Dhabi Fertilizer Industries WWL		28,543		9,971		7,133		-		31,588		1,713			4			1,717
Doktor Tarsa Tarim Sanayi AS		97,797		15,196		22,420		38,522		93,768		7,824			396			8,220
Ajay North America		19,748		13,250		3,061		-		38,833		5,860			-			-
Ajay Europe SARL		19,589		1,456		6,144		-		35,709		2,329			(358	)		1,971
SQM Eastmed Turkey		2,718		1,833		2,600		704		3,086		709			(84	)		625
Kore Potash PLC		7,938		119,362		2,214		-		-		(2,716	)		(2,791	)		(5,507	)
Total		176,333		161,068		43,572		39,226		202,984		15,719			(2,833	)		7,026

	As of and for the year ended December 31, 2018
											Gain (loss) from			Other
	Assets				Liabilities						continuing			comprehensive			Comprehensive
Associate	Current		Non-current		Current		Non-current		Revenue		operations			income			income
	ThUS$		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$			ThUS$			ThUS$
Abu Dhabi Fertilizer Industries WWL		23,496		11,444		5,695		-		33,098		1,611			(1	)		1,610
Doktor Tarsa Tarim Sanayi AS		66,498		12,242		27,067		8,509		74,144		481			978			1,459
Ajay North America		21,644		12,409		3,542		-		40,290		7,608			-			7,608
Ajay Europe SARL		21,219		1,214		6,743		-		36,337		2,747			(878	)		1,869
SQM Eastmed Turkey		1,724		2,160		1,829		1,434		3,192		740			(42	)		698
Kore Potash PLC		6,659		148,426		2,180		-		-		(8,198	)		(6,882	)		(15,080	)
Total		141,240		187,895		47,056		9,943		187,061		4,989			(6,825	)		(1,836	)

	As of and for the year ended December 31, 2017
											Gain (loss) from			Other
	Assets				Liabilities						continuing			comprehensive			Comprehensive
Associate	Current		Non-current		Current		Non-current		Revenue		operations			income			income
	ThUS$		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$			ThUS$			ThUS$
Abu Dhabi Fertilizer Industries WWL		44,801		2,032		3,764		-		35,131		4,008			(4	)		4,004
Doktor Tarsa Tarim Sanayi AS		81,057		10,731		36,990		11,251		75,269		12,854			(4,367	)		8,487
Ajay North America		19,426		12,498		2,470		-		36,185		7,505			-			7,505
Ajay Europe SARL		23,555		1,266		8,534		-		32,310		2,098			2,208			4,306
SQM Eastmed Turkey		8,585		712		3,292		255		13,618		981			414			1,395
Kore Potash PLC		3,981		2,671		4,487		2,260		2,389		(49	)		(12	)		(61	)
Total		181,405		29,910		59,507		13,766		194,902		27,397			(1,761	)		25,636

8.3

Other information

The Company has no participation in unrecognized losses in investments in associates.

The Company has no investments that are not accounted for according to the equity method.

The basis of preparation of the financial information of associates corresponds to the amounts included in the financial statements in conformity with IFRS.

8.4

Disclosures on interest in associates

(a)

Transactions conducted in 2019



In the fourth quarter of 2019, Ajay North America paid total dividends of ThUS$ 5,706.



In the first quarter of 2019, Ajay Europe SARL paid total dividends of ThUS$ 2,107.



In July 2019, the Company made a capital increase in Kore Potash PLC for ThUS$ 2,600, increasing the share to 19.67% of investment shareholdings.



On December 11, 2019, Doktor Tarsa Tarim Sanayi AS acquired 100% of shares in Doctochem Tarim Sanayi Ticaret LTD.

(b)

Transactions conducted in 2018



During the first quarter, the Company increased its capital in Kore Potash PLC by ThUS$ 3,000.



In March 2018, Abu Dhabi Fertilizer Industries WLL paid dividends of ThUS$ 10,890. 50% of the distributed dividend was charged to retained earnings generated subsequent to 2014, in line with the Company’s statutes that establish that 37% of the distributed dividend corresponds to SQM. The remaining 50% was charged to retained earnings generated between 2004 and 2014, in line with the entity’s statutes that establish that 50% of the distributed dividend corresponds to SQM.



In March 2018, Ajay North America paid dividends of ThUS$ 1,432.



In June 2018, Abu Dhabi Fertilizer Industries WLL paid dividends of ThUS$ 7,034. 50% of the distributed dividend was charged to retained earnings generated subsequent to 2014, in line with the Company’s statutes that establish that 37% of the distributed dividend corresponds to SQM. The remaining 50% was charged to retained earnings generated between 2004 and 2014, in line with the Company’s statutes that establish that 50% of the distributed dividend corresponds to SQM.



At the close of the second quarter of 2018, Ajay North America paid dividends of ThUS$ 5,728.



In June 2018, Ajay North Europe SARL paid dividends of ThUS$ 1,622.



In June 2018, Charlee SQM Thailand Co. Ltd. paid dividends of ThUS$ 906.



On November 14, 2018, Soquimich European Holdings B.V. sold its share in Charlee SQM Thailand Co. Ltd., generating a loss of ThUS$ 759.



In 2018, Doktor Tarsa Tarim Sanayi Ve Ticaret A.S., changed its functional currency from Turkish Lira to the United States Dollar.



As of December 31, 2017, a capital increase was registered for Plantacote N.V. in a sum of ThUS$4,208 (equivalent to Th€3,500), which is 100% owned by the associate company Doktor Tarsa Tarim. The functional currency of Plantacote N.V. is the Euro. The contribution was made under the heading “Subordinated loan from Dr. Tarsa”. This contribution had no impact on the Company's consolidated results.