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Financial instruments (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Financials instruments [Abstract]  
Disclosure of detailed information about other financial assets [Text Block]
13.1
         
Types of other financial assets
 
Description of other financial assets
 
As of December

31, 2019
 
 
As of December

31, 2018
 
 
 
ThUS
$
 
 
ThUS
$
 
Financial assets at amortized cost (1)
 
 
485,689
 
 
 
291,790
 
Derivative financial instruments
 
 
 
 
 
 
 
 
   - For hedging
 
 
17,270
 
 
 
18,238
 
   - Non-hedging (2)
 
 
2,531
 
 
 
2,693
 
Total other current financial assets
 
 
505,490
 
 
 
312,721
 
Financial assets at fair value through other comprehensive income
 
 
4,785
 
 
 
3,631
 
Derivative financial instruments
 
 
 
 
 
 
 
 
- For hedging
 
 
3,918
 
 
 
13,425
 
Financial assets at amortized cost
 
 
75
 
 
 
75
 
Total other non-current financial assets
 
 
8,778
 
 
 
17,131
 
Disclosure of detailed information about other non current financial assets [Text Block]
 
Institution
 
As of December

31, 2019
 
 
As of December

31, 2018
 
 
 
ThUS
$
 
 
ThUS
$
 
Banco de Crédito e Inversiones
 
 
185,400
 
 
 
145,834
 
Banco Santander (3)
 
 
74,365
 
 
 
23,124
 
Banco Itaú CorpBanca
 
 
120,628
 
 
 
70,719
 
Banco Security
 
 
17,964
 
 
 
27,215
 
Banco de Chile
 
 
18,026
 
 
 
-
 
Banco Estado
 
 
15,126
 
 
 
-
 
Scotiabank Sud Americano
 
 
54,180
 
 
 
24,898
 
Total
 
 
485,689
 
 
 
291,790
 
 
(1)
   
Corresponds to term deposits whose maturity date is greater than 90 days and less than 360 days from the investment date constituted in the aforementioned financial institutions.
 
(2)
   
Correspond to forwards and options that were not classified as hedging instruments (See detail in Note 14.3).
 
(3)
   
This balance includes ThUS$ 1,870 corresponding to margin calls, which are considered as collateral guarantees.
Disclosure of trade and other receivables [text block]
13.2
         
Trade and other receivables
 
 
 
As of December 31, 2019
 
 
As of December 31, 2018
 
Trade and other receivables
 
Currents
 
 
Non-current
 
 
Total
 
 
Currents
 
 
Non-current
 
 
Total
 
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
Trade receivables, current
 
 
367,583
 
 
 
-
 
 
 
367,583
 
 
 
430,914
 
 
 
-
 
 
 
430,914
 
Prepayments, current
 
 
20,309
 
 
 
-
 
 
 
20,309
 
 
 
16,147
 
 
 
-
 
 
 
16,147
 
Other receivables, current
 
 
11,250
 
 
 
1,710
 
 
 
12,960
 
 
 
19,558
 
 
 
2,275
 
 
 
21,833
 
Total trade and other receivables
 
 
399,142
 
 
 
1,710
 
 
 
400,852
 
 
 
466,619
 
 
 
2,275
 
 
 
468,894
 
 
 
 
As of December 31, 2019
 
 
As of December 31, 2018
 
Trade and other receivablaes
 
Assets before

allowances
 
 
Allowance for

doubtful trade

receivables
 
 
Assets for trade

receivables, net
 
 
Assets before

allowances
 
 
Allowance for

doubtful trade

receivables
 
 
Assets for trade

receivables, net
 
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
 
ThUS
$
 
Receivables related to credit operations. current
 
 
383,775
 
 
 
(16,192
)
 
 
367,583
 
 
 
445,670
 
 
 
(14,756
)
 
 
430,914
 
Trade receivables, current
 
 
383,775
 
 
 
(16,192
)
 
 
367,583
 
 
 
445,670
 
 
 
(14,756
)
 
 
430,914
 
Prepayments, current
 
 
21,092
 
 
 
(783
)
 
 
20,309
 
 
 
16,990
 
 
 
(843
)
 
 
16,147
 
Other receivables, current
 
 
15,659
 
 
 
(4,409
)
 
 
11,250
 
 
 
23,863
 
 
 
(4,305
)
 
 
19,558
 
Current other receivables
 
 
36,751
 
 
 
(5,192
)
 
 
31,559
 
 
 
40,853
 
 
 
(5,148
)
 
 
35,705
 
Other receivables. non-current
 
 
1,710
 
 
 
-
 
 
 
1,710
 
 
 
2,275
 
 
 
-
 
 
 
2,275
 
Non-current receivables
 
 
1,710
 
 
 
-
 
 
 
1,710
 
 
 
2,275
 
 
 
-
 
 
 
2,275
 
Total trade and other receivables
 
 
422,236
 
 
 
(21,384
)
 
 
400,852
 
 
 
488,798
 
 
 
(19,904
)
 
 
468,894
 
Disclosure of financial assets that are either past due or impaired [text block]
As of December 31, 2019 and December 31, 2018 the detail of the uncollateralized portfolio is as follows:
 
As of December 31, 2019
 
Total uncollateralized portfolio
 
Past due segments
 
Number of customers with non-
renegotiated portfolio
 
 
Gross non-renegotiated portfolio ThUS$
 
 
Number of customers with

renegotiated portfolio
 
 
Gross renegotiated portfolio
ThUS$
 
Current
 
 
1,486
 
 
 
351,931
 
 
 
69
 
 
 
892
 
1 - 30 days
 
 
166
 
 
 
20,195
 
 
 
72
 
 
 
526
 
31 - 60 days
 
 
26
 
 
 
1,279
 
 
 
4
 
 
 
10
 
61 - 90 days
 
 
12
 
 
 
519
 
 
 
3
 
 
 
54
 
91 - 120 days
 
 
5
 
 
 
1,026
 
 
 
2
 
 
 
66
 
121 - 150 days
 
 
5
 
 
 
361
 
 
 
7
 
 
 
49
 
151 - 180 days
 
 
7
 
 
 
190
 
 
 
2
 
 
 
33
 
181 - 210 days
 
 
4
 
 
 
51
 
 
 
-
 
 
 
-
 
211 - 250 days
 
 
6
 
 
 
48
 
 
 
8
 
 
 
11
 
>250 days
 
 
144
 
 
 
5,449
 
 
 
137
 
 
 
1,085
 
Total
 
 
1,861
 
 
 
381,049
 
 
 
304
 
 
 
2,726
 
 
As of December 31, 2018
 
Total uncollateralized portfolio
 
Past due segments
 
Number of customers with non-renegotiated portfolio
 
 
Gross non-renegotiated

portfolio ThUS$
 
 
Number of customers with

renegotiated portfolio
 
 
Gross renegotiated portfolio
ThUS$
 
Current
 
 
1,390
 
 
 
404,670
 
 
 
136
 
 
 
668
 
1 - 30 days
 
 
1,229
 
 
 
19,422
 
 
 
390
 
 
 
596
 
31 - 60 days
 
 
801
 
 
 
5,705
 
 
 
154
 
 
 
118
 
61 - 90 days
 
 
648
 
 
 
2,279
 
 
 
41
 
 
 
75
 
91 - 120 days
 
 
489
 
 
 
1,220
 
 
 
27
 
 
 
47
 
121 - 150 days
 
 
80
 
 
 
423
 
 
 
16
 
 
 
29
 
151 - 180 days
 
 
43
 
 
 
186
 
 
 
21
 
 
 
176
 
181 - 210 days
 
 
7
 
 
 
1,291
 
 
 
41
 
 
 
231
 
211 - 250 days
 
 
7
 
 
 
108
 
 
 
101
 
 
 
242
 
>250 days
 
 
140
 
 
 
7,036
 
 
 
305
 
 
 
1,148
 
Total
 
 
4,834
 
 
 
442,340
 
 
 
1,232
 
 
 
3,330
 
Disclosure of detailed information about expected credit exposure of accounts receivable based on aging analysis [Table Text Block]
 
As of December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
receivables due
 
 
 
Trade accounts receivable days past due
 
 
 
 
 
from related
 
Trade and other receivables
 
Current
 
 
1 to 30 days
 
 
31 to 60 days
 
 
61 to 90 days
 
 
Over 90 days
 
 
Trade
 
 
parties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThUS
$
 
 
ThUS
$
 
Expected loss rate
 
 
1
%
 
 
18
%
 
 
34
%
 
 
44
%
 
 
78
%
 
 
-
 
 
 
-
 
Total gross carrying amount
 
 
352,823
 
 
 
20,721
 
 
 
1,288
 
 
 
573
 
 
 
8,370
 
 
 
383,775
 
 
 
72,859
 
Impairment estimate
 
 
5,285
 
 
 
3,664
 
 
 
440
 
 
 
251
 
 
 
6,552
 
 
 
16,192
 
 
 
11,323
 
 
As of December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
receivables due
 
 
 
Trade accounts receivable days past due
 
 
 
 
 
from related
 
Trade and other receivables
 
Current
 
 
1 to 30 days
 
 
31 to 60 days
 
 
61 to 90 days
 
 
Over 90 days
 
 
Trade
 
 
parties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThUS
$
 
 
ThUS
$
 
Expected loss rate
 
 
1
%
 
 
9
%
 
 
5
%
 
 
4
%
 
 
65
%
 
 
-
 
 
 
-
 
Total gross carrying amount
 
 
408,300
 
 
 
20,018
 
 
 
2,861
 
 
 
2,354
 
 
 
12,137
 
 
 
445,670
 
 
 
55,520
 
Allowance for doubtful accounts
 
 
4,811
 
 
 
1,858
 
 
 
146
 
 
 
89
 
 
 
7,852
 
 
 
14,756
 
 
 
12,730
 
 
Disclosure of detailed information about movement in provision of trade receivables [Table Text Block]
As of December 31, 2019 and 2018, the reconciliation of the allowance is as follows
:
 
Provisions
 
As of December

31, 2019
 
 
As of December

31, 2019
 
 
 
ThUS
$
 
 
ThUS
$
 
Allowance for doubtful accounts at the beginning of the Period
 
 
32,634
 
 
 
34,936
 
Adjustment to initial balance derived from the adoption of IFRS 9
 
 
-
 
 
 
2,301
 
Increase / (decrease) of impairment provision
 
 
1,057
 
 
 
(2,967
)
Provision used
 
 
(984
)
 
 
(1,636
)
Allowance for doubtful accounts at the end of the year
 
 
32,707
 
 
 
32,634
 
(1)
Trade and Other Receivables allowance current
 
 
16,192
 
 
 
14,756
 
(2)
Other receivables allowance current
 
 
5,192
 
 
 
5,148
 
(3)
Related party receivables allowance current
 
 
11,323
 
 
 
12,730
 
Recovery of Insurance
 
 
320
 
 
 
827
 
 
 
 
 
 
 
 
 
 
Total allowance for doubtful accounts
 
 
32,707
 
 
 
32,634
 
Renegotiated allowance
 
 
1,905
 
 
 
2,056
 
Non-renegotiated allowance
 
 
30,802
 
 
 
30,578
 
 
Disclosure of allowance for credit losses [text block]
 
ThUS$
 
Assets / (Liabilities)

Derivative financial

instruments
 
 
Total Realized
 
 
Hedging Reserve in Gross

Equity
 
Hedging of underlying debt at December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Hedging Assets
 
 
3,918
 
 
 
(4,194
)
 
 
8,112
 
Hedging Liabilities
 
 
(22,771
)
 
 
(25,363
)
 
 
2,592
 
Hedge of underlying Debt
 
 
(18,853
)
 
 
(29,557
)
 
 
10,704
 
Hedge of underlying investment at
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Hedging Assets
 
 
17,270
 
 
 
17,857
 
 
 
(587
)
Hedging Liabilities
 
 
(889
)
 
 
(711
)
 
 
(178
)
Hedge of underlying investments
 
 
16,381
 
 
 
17,146
 
 
 
(765
)
 
ThUS$
 
Assets / (Liabilities)

Derivative financial

instruments
 
 
Total Realized
 
 
Hedging Reserve in Gross

Equity
 
Hedge of underlying debt at December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Hedging Assets
 
 
13,425
 
 
 
5,244
 
 
 
8,181
 
Hedging Liabilities
 
 
(17,318
)
 
 
(18,859
)
 
 
1,541
 
Hedge of underlying debt
 
 
(3,893
)
 
 
(13,615
)
 
 
9,722
 
Hedge of underlying investment at December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Hedging Assets
 
 
18,146
 
 
 
19,911
 
 
 
(1,765
)
Hedge of  Underlying Investments
 
 
18,146
 
 
 
19,911
 
 
 
(1,765
)
 
Hedging effect in profit and loss and equity for the year ended
December 31, 2019
 
Total variation
 
 
Profit and loss
 
 
Hedging reserve due to
variation of hedge gross
 
Analysis effect by type of hedging
 
 
 
 
 
 
 
 
 
 
 
 
Hedge of underlying debt
 
 
(14,960
)
 
 
(15,942
)
 
 
982
 
Hedge of underlying investments
 
 
(1,765
)
 
 
(2,765
)
 
 
1,000
 
Total hedging effect on profit or loss and equity for the year
 
 
(16,725
)
 
 
(18,707
)
 
 
1,982
 
Analysis Effect by type of asset
 
 
 
 
 
 
 
 
 
 
 
 
Hedging in Current and Non-Current Assets
 
 
(10,383
)
 
 
(11,492
)
 
 
1,109
 
Hedging in Current and Non-Current Liabilities
 
 
(6,342
)
 
 
(7,215
)
 
 
873
 
Total hedging effect in Profit or Loss and Shareholders' Equity for the year
 
 
(16,725
)
 
 
(18,707
)
 
 
1,982
 
Disclosure of maturity analysis for derivative financial liabilities [text block]
Hedging derivative contract maturities are detailed as follows:
 
Series
 
Contract amount
 
 
Currency
 
 
Maturity date
 
 
 
ThUS$
 
 
 
 
 
 
 
H
 
 
148,159
 
 
UF
 
 
 
01-04-2023
 
O
 
 
58,748
 
 
UF
 
 
 
02-01-2022
 
P
 
 
134,228
 
 
UF
 
 
 
01-15-2028
 
Disclosure of financial liabilities [text block]
As of December 31, 2019 and 2018, the detail is as follows:
 
 
 
As of December 31, 2019
 
 
As of December 31, 2018
 
Other current and non-current financial

liabilities
 
Current
 
 
Non-current
 
 
Total
 
 
Current
 
 
Non-current
 
 
Total
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Liabilities at amortized cost
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank borrowings
 
 
199
 
 
 
69,138
 
 
 
69,337
 
 
 
300
 
 
 
68,870
 
 
 
69,170
 
Unsecured obligations  
 
 
280,578
 
 
 
1,403,108
 
 
 
1,683,686
 
 
 
15,145
 
 
 
1,249,479
 
 
 
1,264,624
 
Derivative financial instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For hedging
 
 
7,183
 
 
 
16,477
 
 
 
23,660
 
 
 
5,285
 
 
 
12,033
 
 
 
17,318
 
Non-hedging liabilities
 
 
3,168
 
 
 
-
 
 
 
3,168
 
 
 
2,855
 
 
 
-
 
 
 
2,855
 
Lease liabilities
 
 
7,694
 
 
 
30,203
 
 
 
37,897
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
 
298,822
 
 
 
1,518,926
 
 
 
1,817,748
 
 
 
23,585
 
 
 
1,330,382
 
 
 
1,353,967
 
 
Disclosure of detailed information about borrowings [text block]
As of December 31, 2019 and 2018, the detail is as follows:
 
Current and non-current bank borrowings
 
As of December

31, 2019
 
 
As of December

31, 2018
 
 
 
ThUS$
 
 
ThUS$
 
Current bank borrowings
 
 
199
 
 
 
300
 
Non-current  bank borrowings
 
 
69,138
 
 
 
68,870
 
Current and non-current bank
 borrowings
 
 
69,337
 
 
 
69,170
 
 
Disclosure of detailed information about short term borrowings [Text Block]
As of December 31, 2019 and December 31, 2018, the detail of this caption is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency or
 
 
 
 
 
 
 
 
 
 
 
 
 
Debtor
 
 
Creditor
 
 
adjustment
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax ID No
 
 
Company
 
 
Country
 
 
Tax ID No
 
 
Financial institution
 
 
Country
 
 
index
 
 
Repayment
 
 
maturity
 
 
Effective rate
 
 
Nominal rate
 
93.007.000-9
 
 
 
SQM S.A.
 
 
 
Chile
 
 
 
Foreign
 
 
 
Scotiabank Cayman
 
 
 
USA
 
 
 
US$
 
 
 
Upon maturity
 
 
 
05-29-2023
 
 
 
2.11
%
 
 
3.01
%
Foreign
 
 
 
Nitratos Naturais do Chile Lim.
 
 
 
Brazil
 
 
 
Foreign
 
 
 
Banco Itau Brasil
 
 
 
Brazil
 
 
 
BRL
 
 
 
Upon maturity
 
 
 
12-31-2019
 
 
 
13.57
%
 
 
4.25
%
 
Debtor
 
Creditor
 
 
Nominal amounts
as of December 31, 2019
 
 
Current amounts
as of December 31, 2019
 
Company
 
Financial institution
 
 
Up to 90 days
 
 
90 days to

1 year
 
 
Total
 
 
Up to 90 days
 
 
90 days to

1 year
 
 
Subtotal
 
 
Borrowing

costs
 
 
Total
 
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM S.A.
 
 
Scotiabank Cayman
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
187
 
 
 
187
 
 
 
-
 
 
 
187
 
Nitratos Naturais do Chile
 
 
Banco Itau Brasil
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
12
 
 
 
-
 
 
 
12
 
 
 
-
 
 
 
12
 
Total
 
 
 
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
12
 
 
 
187
 
 
 
199
 
 
 
-
 
 
 
199
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency or
 
 
 
 
 
 
 
 
 
 
 
 
 
Debtor
 
 
Creditor
 
 
adjustment
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax ID No
 
Company
 
 
Country
 
 
Tax ID No
 
 
Financial institution
 
 
Country
 
 
index
 
 
Repayment
 
 
maturity
 
 
Effective rate
 
 
Nominal rate
 
93.007.000-9
 
SQM S.A.
 
 
 
Chile
 
 
 
Foreign
 
 
 
Scotiabank Cayman
 
 
 
USA
 
 
 
US$
 
 
 
Upon maturity
 
 
 
05-29-2023
 
 
 
3.60
%
 
 
3.98
%
Foreign
 
Nitratos Naturais do Chile Lim
 
 
 
Brazil
 
 
 
Foreign
 
 
 
Banco ITAU Brasil
 
 
 
Brazil
 
 
 
BRL
 
 
 
Upon maturity
 
 
 
01-31-2019
 
 
 
5.17
%
 
 
5.17
%
Foreign
 
SQM Brasil Limitada
 
 
 
Brazil
 
 
 
Foreign
 
 
 
Banco ITAU Brasil
 
 
 
Brazil
 
 
 
BRL
 
 
 
Upon maturity
 
 
 
01-31-2019
 
 
 
5.5
%
 
 
5.5
%
 
Debtor
 
Creditor
 
 
Nominal amounts
as of December 31, 2018
 
 
Current amounts
as of December 31, 2018
 
Company
 
Financial institution
 
 
Up to 90 days
 
 
90 days to

1 year
 
 
Total
 
 
Up to 90 days
 
 
90 days to

1 year
 
 
Subtotal
 
 
Borrowing

costs
 
 
Total
 
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM S.A.
 
Scotiabank Cayman
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
248
 
 
 
248
 
 
 
-
 
 
 
248
 
Nitratos Naturais do Chile Lim
 
Banco ITAU Brasil
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
11
 
 
 
-
 
 
 
11
 
 
 
-
 
 
 
11
 
SQM Brasil Limitada
 
Banco ITAU Brasil
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
41
 
 
 
-
 
 
 
41
 
 
 
-
 
 
 
41
 
Total
 
 
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
52
 
 
 
248
 
 
 
300
 
 
 
-
 
 
 
300
 
Disclosure of detailed information about current maturities of unsecured obligations [Text Block]
As of December 31, 2019 and 2018, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds is as follows:
 
Debtor
 
 
Number of
 
 
 
 
 
 
 
 
 
 
 
Periodicity
 
 
 
 
 
 
 
 
 
 
registration or ID of
 
 
 
 
 
 
 
 
Currency or
 
 
Payment of
 
 
 
 
 
 
 
 
 
 
Tax ID No.
 
Company
 
 
Country
 
 
the instrument
 
 
Series
 
 
Maturity date
 
 
adjustment index
 
 
interest
 
 
Repayment
 
 
Effective rate
 
 
Nominal rate
 
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$250
 
 
 
04-21-2020
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
0.43
%
 
 
5.50
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$250
 
 
 
01-28-2020
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
2.35
%
 
 
4.38
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$300
 
 
 
04-03-2020
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
1.42
%
 
 
3.63
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$450
 
 
 
05-07-2020
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
4.07
%
 
 
4.25
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
564
 
 
 
H
 
 
 
01-05-2020
 
 
 
UF
 
 
 
Semiannual
 
 
 
Semiannual
 
 
 
1.36
%
 
 
4.90
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
699
 
 
 
O
 
 
 
02-01-2020
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
2.41
%
 
 
3.80
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
563
 
 
 
P
 
 
 
01-15-2020
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
2.71
%
 
 
3.25
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
700
 
 
 
Q
 
 
 
06-01-2020
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.11
%
 
 
3.45
%
 
 
 
 
 
 
 
 
 
Nominal amounts
as of December 31, 2019
 
 
Current amounts
as of December 31, 2019
 
Company
 
Country
 
 
Series
 
 
Up to 90 days
 
 
91 days to

1 year
 
 
Total
 
 
Up to 90 days
 
 
91 days to

1 year
 
 
Subtotal
 
 
Bond

issuance

costs
 
 
Total
 
 
 
 
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM S.A.
 
 
Chile
 
 
 
MUS$250
 
 
 
-
 
 
 
252,674
 
 
 
252,674
 
 
 
-
 
 
 
252,674
 
 
 
252,674
 
 
 
(386
)
 
 
252,288
 
SQM S.A.
 
 
Chile
 
 
 
MUS$250
 
 
 
4,648
 
 
 
-
 
 
 
4,648
 
 
 
4,648
 
 
 
-
 
 
 
4,648
 
 
 
(433
)
 
 
4,215
 
SQM S.A.
 
 
Chile
 
 
 
MUS$300
 
 
 
-
 
 
 
2,658
 
 
 
2,658
 
 
 
-
 
 
 
2,658
 
 
 
2,658
 
 
 
(614
)
 
 
2,044
 
SQM S.A.
 
 
Chile
 
 
 
MUS$450
 
 
 
-
 
 
 
2,869
 
 
 
2,869
 
 
 
-
 
 
 
2,869
 
 
 
2,869
 
 
 
(679
)
 
 
2,190
 
SQM S.A.
 
 
Chile
 
 
 
H
 
 
 
17,166
 
 
 
-
 
 
 
17,166
 
 
 
17,166
 
 
 
-
 
 
 
17,166
 
 
 
(139
)
 
 
17,027
 
SQM S.A.
 
 
Chile
 
 
 
O
 
 
 
890
 
 
 
-
 
 
 
890
 
 
 
890
 
 
 
-
 
 
 
890
 
 
 
(67
)
 
 
823
 
SQM S.A.
 
 
Chile
 
 
 
P
 
 
 
1,686
 
 
 
-
 
 
 
1,686
 
 
 
1,686
 
 
 
-
 
 
 
1,686
 
 
 
(12
)
 
 
1,674
 
SQM S.A.
 
 
Chile
 
 
 
Q
 
 
 
-
 
 
 
323
 
 
 
323
 
 
 
-
 
 
 
323
 
 
 
323
 
 
 
(6
)
 
 
317
 
Total  
 
 
 
 
 
 
 
 
 
 
24,390
 
 
 
258,524
 
 
 
282,914
 
 
 
24,390
 
 
 
258,524
 
 
 
282,914
 
 
 
(2,336
)
 
 
280,578
 
 
Effective rates of bonds in Chilean pesos and UF are expressed and calculated in U.S. dollars based on the flows agreed in Cross Currency Swap Agreements.
 
Debtor
 
 
Number of
 
 
 
 
 
 
 
 
 
 
 
Periodicity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
registration or ID of
 
 
 
 
 
 
 
 
Currency or
 
 
Payment of
 
 
 
 
 
 
 
 
 
 
Tax ID No.
 
Company
 
 
Country
 
 
the instrument
 
 
Series
 
 
Maturity date
 
 
adjustment index
 
 
interest
 
 
Repayment
 
 
Effective rate
 
 
Nominal rate
 
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$250
 
 
 
04-21-2019
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
0.95
%
 
 
5.50
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$250
 
 
 
01-28-2019
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
2.75
%
 
 
4.38
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$300
 
 
 
04-03-2019
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
1.77
%
 
 
3.63
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
564
 
 
 
H
 
 
 
01-05-2019
 
 
 
UF
 
 
 
Semiannual
 
 
 
Semiannual
 
 
 
1.90
%
 
 
4.90
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
699
 
 
 
O
 
 
 
02-01-2019
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
2.60
%
 
 
3.80
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
563
 
 
 
P
 
 
 
01-15-2019
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.07
%
 
 
3.25
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
700
 
 
 
Q
 
 
 
06-01-2019
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.34
%
 
 
3.45
%
 
 
 
 
 
 
 
 
 
Nominal maturities
as of December 31, 2018
 
 
Current maturities
as of December 31, 2018
 
Company
 
Country
 
 
Series
 
 
Up to 90 days
 
 
91 days to

1 year
 
 
Total
 
 
Up to 90 days
 
 
91 days to

1 year
 
 
Subtotal
 
 
Bond

issuance

costs
 
 
Total
 
 
 
 
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM S.A.
 
 
Chile
 
 
 
MUS$250
 
 
 
2,674
 
 
 
-
 
 
 
2,674
 
 
 
2,674
 
 
 
-
 
 
 
2,674
 
 
 
(386
)
 
 
2,288
 
SQM S.A.
 
 
Chile
 
 
 
MUS$250
 
 
 
-
 
 
 
4,648
 
 
 
4,648
 
 
 
-
 
 
 
4,648
 
 
 
4,648
 
 
 
(433
)
 
 
4,215
 
SQM S.A.
 
 
Chile
 
 
 
MUS$300
 
 
 
2,658
 
 
 
-
 
 
 
2,658
 
 
 
2,658
 
 
 
-
 
 
 
2,658
 
 
 
(614
)
 
 
2,044
 
SQM S.A.
 
 
Chile
 
 
 
H
 
 
 
-
 
 
 
3,756
 
 
 
3,756
 
 
 
-
 
 
 
3,756
 
 
 
3,756
 
 
 
(139
)
 
 
3,617
 
SQM S.A.
 
 
Chile
 
 
 
O
 
 
 
-
 
 
 
934
 
 
 
934
 
 
 
-
 
 
 
934
 
 
 
934
 
 
 
(67
)
 
 
867
 
SQM S.A.
 
 
Chile
 
 
 
P
 
 
 
-
 
 
 
1,784
 
 
 
1,784
 
 
 
-
 
 
 
1,784
 
 
 
1,784
 
 
 
(12
)
 
 
1,772
 
SQM S.A.
 
 
Chile
 
 
 
Q
 
 
 
342
 
 
 
-
 
 
 
342
 
 
 
342
 
 
 
-
 
 
 
342
 
 
 
-
 
 
 
342
 
Total
 
 
 
 
 
 
 
 
 
 
 
5,674
 
 
 
11,122
 
 
 
16,796
 
 
 
5,674
 
 
 
11,122
 
 
 
16,796
 
 
 
(1,651
)
 
 
15,145
 
Disclosure of detailed information about non current maturities of unsecured obligations [Text Block]
The following table shows the details of bank loans that accrue non-current interest as of December 31, 2019 and 2018:
 
Debtor
 
 
Creditor
 
 
Currency or
 
 
Type of
 
 
 
 
 
 
 
Tax ID No.
 
 
Company
 
 
Country
 
 
Tax ID No.
 
 
Financial institution
 
 
Country
 
 
adjustment index
 
 
amortization
 
 
Effective rate
 
 
Nominal rate
 
 
93.007.000-9
 
 
 
SQM S.A.
 
 
 
Chile
 
 
 
Foreign
 
 
 
Scotiabank Cayman
 
 
 
USA
 
 
 
USD
 
 
 
Maturity
 
 
 
2.84
%
 
 
3.01
%
 
Debtor
 
Creditor
 
 
Nominal non-current amounts
as of December 31, 2019
 
 
Non-current amounts
as of December 31, 2019
 
Company
 
Financial institution
 
 
Between

1 and 2
 
 
Between

2 and 3
 
 
Between

3 and 4
 
 
Total
 
 
Between

1 and 2
 
 
Between

2 and 3
 
 
Between

3 and 4
 
 
Subtotal
 
 
Costs of

obtaining

loans
 
 
Total
 
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM S.A.
 
 
Scotiabank Cayman
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
(862
)
 
 
69,138
 
Total
 
 
 
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
(862
)
 
 
69,138
 
 
Debtor
 
 
Creditor
 
 
Currency or
 
 
Type of
 
 
 
 
 
 
 
Tax ID No.
 
 
Company
 
 
Country
 
 
Tax ID No.
 
 
Financial institution
 
 
Country
 
 
adjustment index
 
 
amortization
 
 
Effective rate
 
 
Nominal rate
 
 
93.007.000-9
 
 
 
SQM S.A
 
 
 
Chile
 
 
 
Foreign
 
 
 
Scotiabank Cayman
 
 
 
USA
 
 
 
USD
 
 
 
Maturity
 
 
 
3.98
%
 
 
3.98
%
 
Debtor
 
Creditor
 
 
Nominal non-current amounts as of December 31, 2018
 
 
Non-current amounts as of December 31, 2018
 
Company
 
Financial institution
 
 
Between
‎1 and 2
 
 
Between
‎2 and 3
 
 
Between
‎3 and 4
 
 
Total
 
 
Between
‎1 and 2
 
 
Between
‎2 and 3
 
 
Between
‎3 and 4
 
 
Subtotal
 
 
Costs of
‎obtaining
‎loans
 
 
Total
 
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM S.A.
 
 
Scotiabank Cayman
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
(1,130
)
 
 
68,870
 
Total
 
 
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
-
 
 
 
-
 
 
 
70,000
 
 
 
70,000
 
 
 
(1,130
)
 
 
68,870
 
The following table shows the details of bank loans that accrue non-current interest as of December 31, 2019 and 2018:
 
Debtor
 
 
Number of
 
 
 
 
 
 
 
 
 
 
 
Periodicity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
registration or ID of
 
 
 
 
 
 
 
 
Currency or
 
 
Payment of
 
 
 
 
 
 
 
 
 
 
Tax ID No.
 
Company
 
 
Country
 
 
the instrument
 
 
Series
 
 
Maturity date
 
 
adjustment index
 
 
interest
 
 
Repayment
 
 
Effective rate
 
 
Nominal rate
 
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$250
 
 
 
01-28-2025
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
4.08
%
 
 
4.38
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$300
 
 
 
04-03-2023
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.43
%
 
 
3.63
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$450
 
 
 
05-07-2029
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
4.19
%
 
 
4.25
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
564
 
 
 
H
 
 
 
01-05-2030
 
 
 
UF
 
 
 
Semiannual
 
 
 
      Semiannual
 
 
 
4.78
%
 
 
4.90
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
699
 
 
 
O
 
 
 
02-01-2033
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.70
%
 
 
5.50
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
563
 
 
 
P
 
 
 
01-15-2028
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.24
%
 
 
3.25
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
700
 
 
 
Q
 
 
 
06-01-2038
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.45
%
 
 
3.45
%
 
 
 
 
 
 
 
 
 
 
 
 
Nominal non-current amounts as of December 31, 2019
 
 
Non-current amounts as of December 31, 2019
 
Series
 
Over 1
year to 2
 
 
Over 2
years to 3
 
 
Over 3
Years to 4
 
 
Over 4
Years to 5
 
 
Over 5
years
 
 
Total
 
 
Over 1
year to 2
 
 
Over 2
years to 3
 
 
Over 3
Years to 4
 
 
Over 4
Years to 5
 
 
Over 5
years
 
 
Subtotal
 
 
Bond
issuance
costs
 
 
Total
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
MUS$250
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
250,000
 
 
 
250,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
250,000
 
 
 
250,000
 
 
 
(1,514
)
 
 
248,486
 
MUS$300
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
(1,393
)
 
 
298,607
 
MUS$450
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
450,000
 
 
 
450,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
450,000
 
 
 
450,000
 
 
 
(5,923
)
 
 
444,077
 
H
 
 
13,749
 
 
 
13,749
 
 
 
13,749
 
 
 
13,749
 
 
 
75,621
 
 
 
130,617
 
 
 
13,749
 
 
 
13,749
 
 
 
13,749
 
 
 
13,749
 
 
 
75,621
 
 
 
130,617
 
 
 
(1,253
)
 
 
129,364
 
O
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
56,715
 
 
 
56,715
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
56,715
 
 
 
56,715
 
 
 
(811
)
 
 
55,904
 
P
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
113,430
 
 
 
113,430
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
113,430
 
 
 
113,430
 
 
 
(89
)
 
 
113,341
 
Q
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
113,430
 
 
 
113,430
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
113,430
 
 
 
113,430
 
 
 
(101
)
 
 
113,329
 
 Total
 
 
13,749
 
 
 
13,749
 
 
 
313,749
 
 
 
13,749
 
 
 
1,059,196
 
 
 
1,414,192
 
 
 
13,749
 
 
 
13,749
 
 
 
313,749
 
 
 
13,749
 
 
 
1,059,196
 
 
 
1,414,192
 
 
 
(11,084
)
 
 
1,403,108
 
 
 
 
 
 
 
 
 
 
 
Debtor
 
 
Number of
 
 
 
 
 
 
 
 
 
 
 
Periodicity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
registration or ID of
 
 
 
 
 
 
 
 
Currency or
 
 
Payment of
 
 
 
 
 
 
 
 
 
 
Tax ID No.
 
Company
 
 
Country
 
 
the instrument
 
 
Series
 
 
Maturity date
 
 
adjustment index
 
 
interest
 
 
Repaymen
 
 
Effective rate
 
 
Nominal rate
 
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$250
 
 
 
04-21-2020
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
5.50
%
 
 
5.50
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$250
 
 
 
01-28-2025
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
4.38
%
 
 
4.38
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
-
 
 
 
MUS$300
 
 
 
04-03-2023
 
 
 
US$
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.63
%
 
 
3.63
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
564
 
 
 
H
 
 
 
01-05-2030
 
 
 
UF
 
 
 
Semiannual
 
 
 
   Semiannual
 
 
 
4.90
%
 
 
4.90
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
699
 
 
 
O
 
 
 
02-01-2033
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.80
%
 
 
5.50
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
563
 
 
 
P
 
 
 
01-15-2028
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.25
%
 
 
3.25
%
93.007.000-9
 
 
SQM S.A.
 
 
 
Chile
 
 
 
700
 
 
 
Q
 
 
 
06-01-2038
 
 
 
UF
 
 
 
Semiannual
 
 
 
Upon maturity
 
 
 
3.45
%
 
 
3.45
%
 
 
 
 
 
 
 
 
 
 
 
 
Nominal non-current amounts as of December 31, 2018
 
 
Non-current amounts as of December 31, 2018
 
Series
 
Over 1

year to 2
 
 
Over 2

years to 3
 
 
Over 3

Years to 4
 
 
Over 4

Years to 5
 
 
Over 5

years
 
 
Total
 
 
Over 1

year to 2
 
 
Over 2

years to 3
 
 
Over 3

Years to 4
 
 
Over 4

Years to 5
 
 
Over 5

years
 
 
Subtotal
 
 
Bond

issuance

costs
 
 
Total
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
MUS$250
 
 
250,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
250,000
 
 
 
250,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
250,000
 
 
 
(131
)
 
 
249,869
 
MUS$250
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
250,000
 
 
 
250,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
250,000
 
 
 
250,000
 
 
 
(2,202
)
 
 
247,798
 
MUS$300
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
-
 
 
 
-
 
 
 
300,000
 
 
 
(2,006
)
 
 
297,994
 
H
 
 
14,428
 
 
 
14,428
 
 
 
14,428
 
 
 
14,428
 
 
 
100,992
 
 
 
158,704
 
 
 
14,428
 
 
 
14,428
 
 
 
14,428
 
 
 
14,428
 
 
 
100,992
 
 
 
158,704
 
 
 
(1,392
)
 
 
157,312
 
O
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
59,514
 
 
 
59,514
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
59,514
 
 
 
59,514
 
 
 
(878
)
 
 
58,636
 
P
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
119,028
 
 
 
119,028
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
119,028
 
 
 
119,028
 
 
 
(101
)
 
 
118,927
 
Q
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
119,028
 
 
 
119,028
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
119,028
 
 
 
119,028
 
 
 
(85
)
 
 
118,943
 
Total
 
 
264,428
 
 
 
14,428
 
 
 
314,428
 
 
 
14,428
 
 
 
648,562
 
 
 
1,256,274
 
 
 
264,428
 
 
 
14,428
 
 
 
314,428
 
 
 
14,428
 
 
 
648,562
 
 
 
1,256,274
 
 
 
(6,795
)
 
 
1,249,479
 
 
 
 
 
 
 
Disclosure of information about issue of series H bonds [Text Block]
For the years ended December 31, 2019, 2018
and 2017
, the Company made the following payments relating to the Series H bonds:
 
Payments made
 
For the year ended

December 31,

2019
 
 
For the year ended

December 31,

2018
 
 
For the year ended

December 31,

2017
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Payments of interest, Series H bonds
 
 
7,868
 
 
 
8,325
 
 
 
7,691
 
Hedge
 
 
1,952
 
 
 
495
 
 
 
-
 
 
 
 
 
 
Disclosure of information about second issue of single series bonds [Text Block]
For the years ended December 31, 2019, 2018 and 2017, the detail of payments charged to this line of single series bonds, second issue is as follows:
 
Payments made
 
For the year ended

December 31,

2019
 
 
For the year ended

December 31, 2018
 
 
For the year ended

December 31,

2017
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Interest payment
 
 
13,750
 
 
 
13,750
 
 
 
13,750
 
 
 
 
 
 
Disclosure of information about third issue of single series bonds [Text Block]
For the years ended December 31, 2019, 2018 and 2017, the following payments have been made with a debit to the line of single-series bonds, third issue:
 
Payments made
 
For the year ended

December 31,

2019
 
 
For the year ended

December 31,

2018
 
 
For the year ended

December 31,

2017
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Payment of interest
 
 
10,875
 
 
 
10,875
 
 
 
10,875
 
 
 
 
 
 
Disclosure of information about fourth issue of single series bonds [Text Block]
For the years ended December 31, 2019, 2018 and 2017, the following payments have been made.
 
Payments made
 
For the year ended

December 31,

2019
 
 
For the year ended

December 31,

2018
 
 
For the year ended

December 31,

2017
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Payment of interest
 
 
10,938
 
 
 
10,938
 
 
 
10,938
 
 
 
 
 
 
Disclosure of information about issue of series P bonds [Table Text Block]
For the years ended December 31, 2019 and 2018, the following payments and their associated CCS have been made:
 
Payments made
 
For the year ended

31, 2019
 
 
For the year ended

31, 2018
 
 
For the year ended

31, 2017
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Payment of interest
 
 
3,960
 
 
 
1,085
 
 
 
-
 
CCS Coverage
 
 
2,995
 
 
 
1,421
 
 
 
-
 
 
 
 
 
 
Disclosure of information about issue of series Q bonds [Table Text Block]
For the years ended December 31, 2019 and 2018, the following payments have been made:
 
Payments made
 
For the year ended

31, 2019
 
 
For the year ended

31, 2018
 
 
For the year ended

31, 2017
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Payment of interest
 
 
3,791
 
 
 
319
 
 
 
-
 
 
 
 
 
 
Disclosure of trade and other payables [text block]
13.5
   
Trade and other payables
 
a)
Details trade and other payables
 
 
 
As of December 31, 2019
 
 
As of December 31, 2018
 
Details trade and Other payables
 
Current
 
 
Non-current
 
 
Total
 
 
Current
 
 
Non-current
 
 
Total
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Accounts payable
 
 
205,414
 
 
 
-
 
 
 
205,414
 
 
 
163,373
 
 
 
-
 
 
 
163,373
 
Other accounts payable
 
 
376
 
 
 
-
 
 
 
376
 
 
 
378
 
 
 
-
 
 
 
378
 
Total
 
 
205,790
 
 
 
-
 
 
 
205,790
 
 
 
163,751
 
 
 
-
 
 
 
163,751
 
Disclosure of detailed information about the current and past due suppliers [Text Block]
As of December 31, 2019 and 2018, the balance of current and past due suppliers is as follows:
 
Suppliers current on all payments
 
 
 
Amounts according to payment periods as of December 31, 2019
 
Type of Supplier
 
Up to 30 days
 
 
31-60 days
 
 
61-90 days
 
 
91 - 120 days
 
 
121 – 365

days
 
 
366 and more

days
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThUS$
 
Goods
 
 
126,577
 
 
 
4,655
 
 
 
128
 
 
 
116
 
 
 
2,019
 
 
 
-
 
 
 
133,495
 
Services
 
 
51,785
 
 
 
168
 
 
 
-
 
 
 
-
 
 
 
87
 
 
 
-
 
 
 
52,040
 
Others
 
 
8,741
 
 
 
146
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
-
 
 
 
8,887
 
Total
 
 
187,103
 
 
 
4,969
 
 
 
128
 
 
 
116
 
 
 
2,106
 
 
 
-
 
 
 
194,422
 
 
 
 
Amounts according to payment periods as of December 31, 2018
 
Type of Supplier
 
Up to 30 days
 
 
31-60 days
 
 
61-90 days
 
 
91 - 120 days
 
 
121 - 365

days
 
 
366 and more

days
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThUS$
 
Goods
 
 
48,969
 
 
 
1,919
 
 
 
912
 
 
 
25
 
 
 
280
 
 
 
-
 
 
 
52,105
 
Services
 
 
37,376
 
 
 
314
 
 
 
157
 
 
 
107
 
 
 
54
 
 
 
-
 
 
 
38,008
 
Others
 
 
54,978
 
 
 
161
 
 
 
20
 
 
 
-
 
 
 
3
 
 
 
-
 
 
 
55,162
 
Total
 
 
141,323
 
 
 
2,394
 
 
 
1,089
 
 
 
132
 
 
 
337
 
 
 
-
 
 
 
145,275
 
 
Suppliers past due on payments
 
 
 
Amounts according to payment periods as of December 31, 2019
 
Type of Supplier
 
Up to 30 days
 
 
31-60 days
 
 
61-90 days
 
 
91 - 120 days
 
 
121 – 365

days
 
 
366 and more

days
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThUS$
 
Goods
 
 
2,086
 
 
 
264
 
 
 
35
 
 
 
65
 
 
 
1,060
 
 
 
-
 
 
 
3,510
 
Services
 
 
3,073
 
 
 
329
 
 
 
116
 
 
 
387
 
 
 
580
 
 
 
-
 
 
 
4,485
 
Others
 
 
1,918
 
 
 
45
 
 
 
311
 
 
 
215
 
 
 
508
 
 
 
-
 
 
 
2,997
 
Total
 
 
7,077
 
 
 
638
 
 
 
462
 
 
 
667
 
 
 
2,148
 
 
 
-
 
 
 
10,992
 
 
 
 
Amounts according to payment periods as of December 31, 2018
 
Type of Supplier
 
Up to 30 days
 
 
31-60 days
 
 
61-90 days
 
 
91 - 120 days
 
 
121 – 365

days
 
 
366 and more days
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ThUS$
 
Goods
 
 
1,533
 
 
 
209
 
 
 
210
 
 
 
255
 
 
 
462
 
 
 
-
 
 
 
2,669
 
Services
 
 
12,229
 
 
 
838
 
 
 
109
 
 
 
111
 
 
 
450
 
 
 
-
 
 
 
13,737
 
Others
 
 
1,039
 
 
 
385
 
 
 
92
 
 
 
6
 
 
 
170
 
 
 
-
 
 
 
1,692
 
Total
 
 
14,801
 
 
 
1,432
 
 
 
411
 
 
 
372
 
 
 
1,082
 
 
 
-
 
 
 
18,098
 
Disclosure of information about derivative instruments measured at fair value through profit or loss [Text Block]
The detail of this type of instrument is as follows:
 
Financial liabilities at fair value with an impact 

on profit or loss
 
As of December 31,

2019
 
 
Effect on profit or loss

for the year ended

December 31, 2019
 
 
As of December 31,

2018
 
 
Effect on profit or loss

for the year ended

December 31, 2018
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Current
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative financial instruments (IRS)
 
 
-
 
 
 
(16
)
 
 
91
 
 
 
16
 
Total
 
 
-
 
 
 
(16
)
 
 
91
 
 
 
16
 
Disclosure of detailed information about categories of financial assets [Text Block]
a)
       
Financial Assets
 
 
 
As of December 31, 2019
 
 
As of December 31, 2018
 
Description of financial assets
 
Current
 
 
Non-current
 
 
Total
 
 
Current
 
 
Non-current
 
 
Total
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Cash and cash equivalents
 
 
588,530
 
 
 
-
 
 
 
588,530
 
 
 
556,066
 
 
 
-
 
 
 
556,066
 
Trade receivables due from related parties
 
 
61,227
 
 
 
-
 
 
 
61,227
 
 
 
42,790
 
 
 
-
 
 
 
42,790
 
Financial assets measured at amortized cost
 
 
485,689
 
 
 
75
 
 
 
485,764
 
 
 
291,790
 
 
 
75
 
 
 
291,865
 
Loans and receivables measured at amortized cost
 
 
399,142
 
 
 
1,710
 
 
 
400,852
 
 
 
466,619
 
 
 
2,275
 
 
 
468,894
 
Total financial assets measured at amortized cost
 
 
1,534,588
 
 
 
1,785
 
 
 
1,536,373
 
 
 
1,357,265
 
 
 
2,350
 
 
 
1,359,615
 
Derivative financial instruments for hedging purposes
 
 
17,270
 
 
 
3,918
 
 
 
21,188
 
 
 
18,238
 
 
 
13,425
 
 
 
31,663
 
Derivative financial instruments held for trading
 
 
2,531
 
 
 
-
 
 
 
2,531
 
 
 
2,693
 
 
 
-
 
 
 
2,693
 
Financial assets at fair value through equity
 
 
-
 
 
 
4,785
 
 
 
4,785
 
 
 
-
 
 
 
3,631
 
 
 
3,631
 
Total financial assets at fair value
 
 
19,801
 
 
 
8,703
 
 
 
28,504
 
 
 
20,931
 
 
 
17,056
 
 
 
37,987
 
Total financial assets
 
 
1,554,389
 
 
 
10,488
 
 
 
1,564,877
 
 
 
1,378,196
 
 
 
19,406
 
 
 
1,397,602
 
Disclosure of detailed information about categories of financial liabilities [Text Block]
b)
       
Financial Liabilities
 
 
 
As of December 31, 2019
 
 
As of December 31, 2018
 
Description of financial liabilities
 
Current
 
 
Non-current
 
 
Total
 
 
Current
 
 
Non-current
 
 
Total
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Derivative financial instruments for hedging purposes
 
 
7,183
 
 
 
16,477
 
 
 
23,660
 
 
 
5,285
 
 
 
12,033
 
 
 
17,318
 
Derivative financial instruments held for trading
 
 
3,168
 
 
 
-
 
 
 
3,168
 
 
 
2,855
 
 
 
-
 
 
 
2,855
 
Financial liabilities at fair value
 
 
10,351
 
 
 
16,477
 
 
 
26,828
 
 
 
8,140
 
 
 
12,033
 
 
 
20,173
 
Bank loans
 
 
199
 
 
 
69,138
 
 
 
69,337
 
 
 
300
 
 
 
68,870
 
 
 
69,170
 
Obligations to the public
 
 
280,578
 
 
 
1,403,108
 
 
 
1,683,686
 
 
 
15,145
 
 
 
1,249,479
 
 
 
1,264,624
 
Lease liabilities
 
 
7,694
 
 
 
30,203
 
 
 
37,897
 
 
 
-
 
 
 
-
 
 
 
-
 
Trade and other payables)
 
 
205,790
 
 
 
-
 
 
 
205,790
 
 
 
163,751
 
 
 
-
 
 
 
163,751
 
Trade payables due to related parties
 
 
475
 
 
 
-
 
 
 
475
 
 
 
9
 
 
 
-
 
 
 
9
 
Total financial liabilities at amortized cost
 
 
494,736
 
 
 
1,502,449
 
 
 
1,997,185
 
 
 
179,205
 
 
 
1,318,349
 
 
 
1,497,554
 
Total financial liabilities
 
 
505,087
 
 
 
1,518,926
 
 
 
2,024,013
 
 
 
187,345
 
 
 
1,330,382
 
 
 
1,517,727
 
Disclosure of fair value measurement [text block]
 
 
 
As of December 31, 2019
 
 
Measurement Methodology
 
Fair value measurement of assets and liabilities
 
Carrying Amount at

Amortized
 
 
Fair value

(disclosure)
 
 
Fair value
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Financial Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
588,530
 
 
 
588,530
 
 
 
-
 
 
 
-
 
 
 
588,530
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other current financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Time deposits
 
 
485,689
 
 
 
485,689
 
 
 
-
 
 
 
-
 
 
 
485,689
 
 
 
-
 
-
Derivative instruments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
-
Forwards
 
 
-
 
 
 
-
 
 
 
2,420
 
 
 
-
 
 
 
2,420
 
 
 
-
 
-
Options
 
 
-
 
 
 
-
 
 
 
111
 
 
 
-
 
 
 
111
 
 
 
-
 
-
Hedging assets
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
-
Investment hedge swaps
 
 
-
 
 
 
-
 
 
 
17,270
 
 
 
-
 
 
 
17,270
 
 
 
-
 
Non-current accounts receivable
 
 
1,710
 
 
 
1,710
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Other non-current financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Other
 
 
94
 
 
 
94
 
 
 
-
 
 
 
-
 
 
 
94
 
 
 
-
 
-
Options
 
 
-
 
 
 
-
 
 
 
4,785
 
 
 
4,785
 
 
 
-
 
 
 
-
 
-
Hedging assets – Swaps
 
 
-
 
 
 
-
 
 
 
3,918
 
 
 
-
 
 
 
3,918
 
 
 
-
 
Other current financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Bank loans
 
 
199
 
 
 
199
 
 
 
-
 
 
 
-
 
 
 
199
 
 
 
-
 
-
Derivative instruments
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
- Forwards
 
 
-
 
 
 
-
 
 
 
2,837
 
 
 
-
 
 
 
2,837
 
 
 
-
 
- O
ptions
 
 
-
 
 
 
-
 
 
 
289
 
 
 
-
 
 
 
289
 
 
 
-
 
-
Hedging liabilities
 
 
-
 
 
 
-
 
 
 
7,183
 
 
 
-
 
 
 
7,183
 
 
 
-
 
-
Unsecured obligations
 
 
280,578
 
 
 
280,578
 
 
 
-
 
 
 
-
 
 
 
280,578
 
 
 
-
 
-
Current lease liabilities
 
 
7,694
 
 
 
7,694
 
 
 
-
 
 
 
-
 
 
 
7,694
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other non-current financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Bank loans
 
 
69,138
 
 
 
71,033
 
 
 
-
 
 
 
-
 
 
 
71,033
 
 
 
-
 
-
Unsecured obligations
 
 
1,403,108
 
 
 
1,658,506
 
 
 
-
 
 
 
-
 
 
 
1,658,506
 
 
 
-
 
-
Non-current hedging liabilities
 
 
-
 
 
 
-
 
 
 
16,477
 
 
 
-
 
 
 
16,477
 
 
 
-
 
-
Non-current lease liabilities
 
 
30,203
 
 
 
33,187
 
 
 
-
 
 
 
-
 
 
 
33,187
 
 
 
-
 
 
 
 
As of December 31, 2018
 
 
Measurement Methodology
 
Fair value measurement of assets and liabilities
 
Carrying Amount at

Amortized
 
 
Fair value

(informative)
 
 
Fair value
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Financial Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
556,066
 
 
 
556,066
 
 
 
-
 
 
 
-
 
 
 
556,066
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other current financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Time deposits
 
 
291,790
 
 
 
291,790
 
 
 
-
 
 
 
-
 
 
 
291,790
 
 
 
-
 
- Forwards
 
 
-
 
 
 
-
 
 
 
2,637
 
 
 
-
 
 
 
2,637
 
 
 
-
 
-
Options
 
 
-
 
 
 
-
 
 
 
56
 
 
 
-
 
 
 
56
 
 
 
-
 
-
Hedging assets
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
-
Investment hedge swaps
 
 
-
 
 
 
-
 
 
 
18,238
 
 
 
-
 
 
 
18,238
 
 
 
-
 
Non-current accounts receivable
 
 
2,275
 
 
 
2,275
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Other non-current financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Other
 
 
75
 
 
 
75
 
 
 
-
 
 
 
-
 
 
 
75
 
 
 
-
 
-
Options
 
 
-
 
 
 
-
 
 
 
3,631
 
 
 
-
 
 
 
-
 
 
 
-
 
-
Hedging assets – Swaps
 
 
-
 
 
 
-
 
 
 
13,425
 
 
 
-
 
 
 
13,425
 
 
 
-
 
Other current financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Bank loans
 
 
300
 
 
 
300
 
 
 
-
 
 
 
-
 
 
 
300
 
 
 
-
 
- Forwards
 
 
-
 
 
 
-
 
 
 
2,723
 
 
 
-
 
 
 
2,723
 
 
 
-
 
-
Options
 
 
-
 
 
 
-
 
 
 
132
 
 
 
-
 
 
 
132
 
 
 
-
 
-
Hedging liabilities - Swaps
 
 
-
 
 
 
-
 
 
 
5,285
 
 
 
-
 
 
 
5,285
 
 
 
-
 
-
Unsecured obligations
 
 
15,145
 
 
 
15,145
 
 
 
-
 
 
 
-
 
 
 
15,145
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other non-current financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
Bank loans
 
 
68,870
 
 
 
71,826
 
 
 
-
 
 
 
-
 
 
 
71,826
 
 
 
-
 
-
Unsecured obligations
 
 
1,249,479
 
 
 
1,357,640
 
 
 
-
 
 
 
-
 
 
 
1,357,640
 
 
 
-
 
-
Non-current hedging liabilities
 
 
-
 
 
 
-
 
 
 
12,033
 
 
 
-
 
 
 
12,033
 
 
 
-