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Financial risk management (Tables)
 12 Months Ended
Dec. 31, 2019
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
 
 
As of December

‎
31, 2019
 
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco de Chile
 
 
Time deposits
 
 
 
P-1
 
 
 
A-1
 
 
 
-
 
 
 
50,221
 
Banco de Crédito e Inversiones
 
 
Time deposits
 
 
 
P-1
 
 
 
A-1
 
 
 
-
 
 
 
42,096
 
Banco Itau Corpbanca
 
 
Time deposits
 
 
 
P-2
 
 
 
A-2
 
 
 
-
 
 
 
39,093
 
Banco Santander
 
 
Time deposits
 
 
 
P-1
 
 
 
A-1
 
 
 
-
 
 
 
2,708
 
Scotiabank Sud Americano
 
 
Time deposits
 
 
 
-
 
 
 
-
 
 
 
F1+
 
 
 
14,428
 
Banco Estado
 
 
Time deposits
 
 
 
P-1
 
 
 
A-1
 
 
 
-
 
 
 
500
 
BBVA Banco Francés
 
 
Time deposits
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
53
 
JP Morgan US dollar Liquidity Fund Institutional
 
 
Investment fund deposits
 
 
 
Aaa-mf
 
 
 
AAAm
 
 
 
AAAmmf
 
 
 
181,155
 
Legg Mason - Western Asset Institutional cash reserves
 
 
Investment fund deposits
 
 
 
-
 
 
 
AAAm
 
 
 
AAAmmf
 
 
 
146,078
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
476,
332
 
 
Financial institution
 
Financial assets
 
 
Rating Institution
 
 
As of December

‎
31, 2019
 
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco Scotiabank Sud Americano
 
 
90 days to 1 year
 
 
 
P-2
 
 
 
-
 
 
 
-
 
 
 
54,180
 
Banco de Crédito e Inversiones (*)
 
 
90 days to 1 year
 
 
 
P-1
 
 
 
A-1
 
 
 
-
 
 
 
178,448
 
Banco Santander
 
 
90 days to 1 year
 
 
 
P-1
 
 
 
A-1
 
 
 
-
 
 
 
74,365
 
Banco Itau Corpbanca
 
 
90 days to 1 year
 
 
 
P-2
 
 
 
A-2
 
 
 
-
 
 
 
127,579
 
Banco Security
 
 
90 days to 1 year
 
 
 
-
 
 
 
A-2
 
 
 
F2
 
 
 
17,965
 
Banco de Chile
 
 
90 days to 1 year
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
18,026
 
Banco Estado
 
 
90 days to 1 year
 
 
 
P-1
 
 
 
A-1
 
 
 
-
 
 
 
15,126
 
Total
 
 
 
485,689
 
 
(*) This includes ThUS$ 1,870 associated with collateral in guarantee used to reduce the liquidity risk.
The following table presents comparative information as of December 2018:
 
Financial institution
 
Financial assets
 
 
Rating Institution
 
 
As of December

‎
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
 
Scotiabank Sud Americano
 
 
Time deposits
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
86,222
 
JP Morgan US dollar Liquidity Fund Institutional
 
 
Investment fund deposits
 
 
 
Aaa-mf
 
 
 
AAAm
 
 
 
AAAmmf
 
 
 
133,809
 
Legg Mason - Western Asset Institutional cash reserves
 
 
Investment fund deposits
 
 
 
-
 
 
 
AAAm
 
 
 
AAAmmf
 
 
 
132,108
 
Total
 
 
 
453,583
 
 
 
 
 
 
Financial institution
 
Financial assets
 
 
Rating Institution
 
 
As of December

‎
31, 2018
 
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco Scotiabank
 
 
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 Itau Corpbanca
 
 
90 days to 1 year
 
 
 
P-2
 
 
 
A-2
 
 
 
-
 
 
 
70,719
 
Banco Security
 
 
90 days to 1 year
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
27,215
 
Total
 
 
 
291,790
 
 
 
 
 
Disclosure of cash and cash equivalents of cashflows [Text Block]
The position in other cash and cash equivalents is invested in highly liquid mutual funds with an AAA risk rating.
 
 
 
Nature of undiscounted cash flows
 
As of December 31, 2019 (in millions of US$)
 
Carrying

‎
amount
 
 
Less than 1 year
 
 
1 to 5 years
 
 
Over 5 years
 
 
Total
 
Bank borrowings
 
 
70.19
 
 
 
2.17
 
 
 
74.87
 
 
 
-
 
 
 
77.04
 
Unsecured obligations (1)
 
 
1,697.11
 
 
 
326.34
 
 
 
614.29
 
 
 
1,184.38
 
 
 
2,125.01
 
Sub total
 
 
1,767.30
 
 
 
328.51
 
 
 
689.16
 
 
 
1,184.38
 
 
 
2,202.05
 
Hedging liabilities
 
 
23.66
 
 
 
6.57
 
 
 
24.33
 
 
 
32.37
 
 
 
63.27
 
Derivative financial instruments
 
 
3.17
 
 
 
3.17
 
 
 
-
 
 
 
-
 
 
 
3.17
 
Sub total
 
 
26.83
 
 
 
9.74
 
 
 
24.33
 
 
 
32.37
 
 
 
66.44
 
Current and non-current lease liabilities
 
 
42.632
 
 
 
8.903
 
 
 
22.983
 
 
 
10.746
 
 
 
42.632
 
Trade accounts payable and other accounts payable
 
 
205.7
 
 
 
205.7
 
 
 
-
 
 
 
-
 
 
 
205.70
 
Total
 
 
2,042.462
 
 
 
552.853
 
 
 
736.473
 
 
 
1,227.496
 
 
 
2,516.822
 
 
 
 
 
 
(1)
   
Unsecured obligations are presented on a contractual basis and have no effects related to anticipated redemptions.
 
 
 
Nature of undiscounted cash flows
 
As of December 31, 2018 (in millions of US$)
 
Carrying

‎
amount
 
 
Less than 1 year
 
 
1 to 5 years
 
 
Over 5 years
 
 
Total
 
Bank borrowings
 
 
70.25
 
 
 
4.10
 
 
 
79.66
 
 
 
-
 
 
 
83.76
 
Unsecured obligations
 
 
1,273.07
 
 
 
61.37
 
 
 
823.76
 
 
 
713.60
 
 
 
1,598.73
 
Sub total
 
 
1,343.32
 
 
 
65.47
 
 
 
903.42
 
 
 
713.60
 
 
 
1,682.49
 
Hedging liabilities
 
 
17.32
 
 
 
5.52
 
 
 
15.64
 
 
 
29.27
 
 
 
50.43
 
Derivative financial instruments
 
 
2.86
 
 
 
2.86
 
 
 
-
 
 
 
-
 
 
 
2.86
 
Sub total
 
 
20.18
 
 
 
8.38
 
 
 
15.64
 
 
 
29.27
 
 
 
53.29
 
Trade accounts payable and other accounts payable
 
 
163.75
 
 
 
163.17
 
 
 
0.58
 
 
 
-
 
 
 
163.75
 
Total
 
 
1,527.25
 
 
 
237.02
 
 
 
919.64
 
 
 
742.87
 
 
 
1,899.53