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Cash and cash equivalents | 12 Months Ended
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Dec. 31, 2020
DisclosureOfCashAndCashEquivalentsExplanatory [Abstract] |
Cash and cash equivalents |
Note 10 | Cash and cash equivalents
| 10.1 | Types of cash and cash equivalents
As of December 31, 2020, and December 31, 2019, cash and cash equivalents are detailed as follows:
Cash |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Cash on hand |  |  | 54 |  |  |  | 71 |
Cash in banks |  |  | 244,848 |  |  |  | 105,141 |
Other demand deposits |  |  | 2,227 |  |  |  | 6,986 |
Total Cash |  |  | 247,129 |  |  |  | 112,198 |
Cash equivalents |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Short-term deposits, classified as cash equivalents |  |  | 51,595 |  |  |  | 149,099 |
Short-term investments, classified as cash equivalents |  |  | 210,378 |  |  |  | 327,233 |
Total cash equivalents |  |  | 261,973 |  |  |  | 476,332 |
Total cash and cash equivalents |  |  | 509,102 |  |  |  | 588,530 |
| 10.2 | Short-term investments, classified as cash equivalents
As of December 31, 2020, and December 31, 2019, the short-term investments classified as cash and cash equivalents relate to mutual funds (investment liquidity funds) for investments in:
Institution |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Legg Mason - Western Asset Institutional Cash Reserves |  |  | 107,625 |  |  |  | 181,155 |
JP Morgan US dollar Liquidity Fund Institutional |  |  | 102,753 |  |  |  | 146,078 |
Total |  |  | 210,378 |  |  |  | 327,233 |
Short-term investments are highly liquid mutual funds that are basically invested in short-term fixed rate notes in the U.S. market.
| 10.3 | Information on cash and cash equivalents by currency
As of December 31, 2020, and December 31, 2019, information on cash and cash equivalents by currency is detailed as follows:
Currency |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Peso (*) |  |  | 7,190 |  |  |  | 8,240 |
Dollar |  |  | 454,402 |  |  |  | 558,572 |
Euro |  |  | 17,144 |  |  |  | 3,131 |
Mexican Peso |  |  | 1,378 |  |  |  | 2,103 |
South African Rand |  |  | 14,286 |  |  |  | 3,929 |
Japanese Yen |  |  | 1,646 |  |  |  | 1,559 |
Peruvian Sol |  |  | 3 |  |  |  | 4 |
Indian rupee |  |  | 6 |  |  |  | 6 |
Chinese Yuan |  |  | 11,597 |  |  |  | 2,484 |
Indonesian rupee |  |  | 3 |  |  |  | 3 |
Argentine Peso |  |  | - |  |  |  | 3 |
Pound Sterling |  |  | 19 |  |  |  | 3 |
Australian Dollar |  |  | 1,411 |  |  |  | 8,492 |
South Korean won |  |  | 16 |  |  |  | - |
Dirham United Arab Emirates |  |  | - |  |  |  | - |
Polish Zloty |  |  | 1 |  |  |  | 1 |
Total |  |  | 509,102 |  |  |  | 588,530 |
(*) The Company maintains financial derivative instruments policies which allow management to convert term deposits denominated in pesos and UF to Dollars.
10.4 | Amount restricted cash balances
As of December 31, 2020, and December 31, 2019, cash balances are presented with some form of restriction (see note 21.7). Financial assets pledged as collateral On November 4, 2004, Isapre Norte Grande has a guarantee equivalent to the total amount owed to its subsidiaries and medical suppliers, which is administered and maintained by Banco de Chile. As of December 31, 2020, and, December 31, 2019 pledged assets are as follows
Restricted cash balances |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Isapre Norte Grande Ltda. |  |  | 731 |  |  |  | 551 |
Total |  |  | 731 |  |  |  | 551 |
| 10.5 | Short-term deposits, classified as cash equivalents
The detail at the end of each period is as follows:
Receiver of the deposit |  | Type of deposit |  | Original Currency |  | Interest Rate |  |  | Placement date |  | Expiration date |  | Principal |  |  | Interest accrued to-date |  |  | As of December 31, 2020 |
|  |  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Banco Santander - Santiago |  | Fixed term |  | Dollar |  |  | 0.35 | % |  | 12-30-2020 |  | 03-30-2021 |  |  | 7,000 |  |  |  | - |  |  |  | 7,000 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 0.35 | % |  | 11-30-2020 |  | 01-08-2021 |  |  | 1,500 |  |  |  | 1 |  |  |  | 1,501 |
Banco de Chile |  | Fixed term |  | Dollar |  |  | 0.61 | % |  | 11-30-2020 |  | 01-08-2021 |  |  | 2,000 |  |  |  | 1 |  |  |  | 2,001 |
Banco de Chile |  | Fixed term |  | Dollar |  |  | 0.61 | % |  | 11-30-2020 |  | 01-08-2021 |  |  | 3,500 |  |  |  | 1 |  |  |  | 3,501 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 0.46 | % |  | 12-01-2020 |  | 01-15-2021 |  |  | 500 |  |  |  | - |  |  |  | 500 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 0.4 | % |  | 12-01-2020 |  | 01-15-2021 |  |  | 500 |  |  |  | - |  |  |  | 500 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 0.4 | % |  | 12-02-2020 |  | 01-20-2021 |  |  | 2,500 |  |  |  | 1 |  |  |  | 2,501 |
Banco Santander - Santiago |  | Fixed term |  | Dollar |  |  | 0.5 | % |  | 12-09-2020 |  | 01-25-2021 |  |  | 500 |  |  |  | - |  |  |  | 500 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 0.5 | % |  | 12-09-2020 |  | 01-25-2021 |  |  | 1,000 |  |  |  | - |  |  |  | 1,000 |
Banco Santander - Santiago |  | Fixed term |  | Dollar |  |  | 0.5 | % |  | 12-09-2020 |  | 01-25-2021 |  |  | 6,000 |  |  |  | 1 |  |  |  | 6,001 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 0.51 | % |  | 12-09-2020 |  | 01-25-2021 |  |  | 6,000 |  |  |  | 1 |  |  |  | 6,001 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 0.26 | % |  | 12-14-2020 |  | 01-29-2021 |  |  | 500 |  |  |  | - |  |  |  | 500 |
Banco Estado |  | Fixed term |  | Dollar |  |  | 0.14 | % |  | 12-14-2020 |  | 01-29-2021 |  |  | 1,000 |  |  |  | 1 |  |  |  | 1,001 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 0.4 | % |  | 12-14-2020 |  | 01-29-2021 |  |  | 1,500 |  |  |  | - |  |  |  | 1,500 |
Banco de Chile |  | Fixed term |  | Dollar |  |  | 0.56 | % |  | 12-14-2020 |  | 01-29-2021 |  |  | 5,000 |  |  |  | 1 |  |  |  | 5,001 |
Banco Itaú Corpbanca |  | Fixed term |  | Dollar |  |  | 0.68 | % |  | 12-18-2020 |  | 01-01-2021 |  |  | 500 |  |  |  | - |  |  |  | 500 |
Banco Itaú Corpbanca |  | Fixed term |  | Dollar |  |  | 0.68 | % |  | 12-18-2020 |  | 02-01-2021 |  |  | 2,000 |  |  |  | 1 |  |  |  | 2,001 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 0.2 | % |  | 12-23-2020 |  | 02-05-2021 |  |  | 2,000 |  |  |  | 1 |  |  |  | 2,001 |
Banco Itaú Corpbanca |  | Fixed term |  | Dollar |  |  | 0.4 | % |  | 12-24-2020 |  | 02-08-2021 |  |  | 1,000 |  |  |  | - |  |  |  | 1,000 |
Banco Santander - Santiago |  | Fixed term |  | Dollar |  |  | 0.26 | % |  | 12-29-2020 |  | 01-08-2021 |  |  | 2,500 |  |  |  | 1 |  |  |  | 2,501 |
Banco Santander - Santiago |  | Fixed term |  | Dollar |  |  | 0.15 | % |  | 12-30-2020 |  | 02-12-2021 |  |  | 700 |  |  |  | - |  |  |  | 700 |
Banco Itaú Corpbanca |  | Fixed term |  | Peso |  |  | 0.35 | % |  | 12-29-2020 |  | 01-05-2021 |  |  | 3,798 |  |  |  | - |  |  |  | 3,798 |
BBVA Banco Francés |  | Fixed term |  | Dollar |  |  | 1.8 | % |  | 12-31-2020 |  | 03-06-2021 |  |  | 86 |  |  |  | - |  |  |  | 86 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 51,584 |  |  |  | 11 |  |  |  | 51,595 |
Receiver of the deposit |  | Type of deposit |  | Original Currency |  | Interest Rate |  |  | Placement date |  | Expiration date |  | Principal |  |  | Interest accrued to-date |  |  | As of December 31, 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 3.45 | % |  | 11-18-2019 |  | 02-13-2020 |  |  | 18,000 |  |  |  | 74 |  |  |  | 18,074 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 2.85 | % |  | 12-26-2019 |  | 02-20-2020 |  |  | 20,000 |  |  |  | 8 |  |  |  | 20,008 |
Banco de Chile |  | Fixed term |  | Dollar |  |  | 3.45 | % |  | 11-15-2019 |  | 01-23-2020 |  |  | 14,000 |  |  |  | 62 |  |  |  | 14,062 |
Banco de Chile |  | Fixed term |  | Dollar |  |  | 3.50 | % |  | 11-15-2019 |  | 01-09-2020 |  |  | 18,000 |  |  |  | 80 |  |  |  | 18,080 |
Banco de Chile |  | Fixed term |  | Dollar |  |  | 3.45 | % |  | 11-15-2019 |  | 01-16-2020 |  |  | 18,000 |  |  |  | 79 |  |  |  | 18,079 |
Banco Itaú Corpbanca |  | Fixed term |  | Dollar |  |  | 2.90 | % |  | 12-26-2019 |  | 02-20-2020 |  |  | 33,000 |  |  |  | 13 |  |  |  | 33,013 |
Scotiabank Sud Americano |  | Fixed term |  | Peso |  |  | 2.16 | % |  | 12-30-2019 |  | 01-08-2020 |  |  | 6,812 |  |  |  | - |  |  |  | 6,812 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 3.51 | % |  | 11-21-2019 |  | 01-28-2020 |  |  | 1,000 |  |  |  | 4 |  |  |  | 1,004 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 3.75 | % |  | 12-02-2019 |  | 02-27-2020 |  |  | 2,000 |  |  |  | 6 |  |  |  | 2,006 |
Banco crédito e inversiones |  | Fixed term |  | Dollar |  |  | 3.60 | % |  | 11-25-2019 |  | 01-28-2020 |  |  | 1,000 |  |  |  | 4 |  |  |  | 1,004 |
Banco Estado |  | Fixed term |  | Dollar |  |  | 2.15 | % |  | 12-16-2019 |  | 01-06-2020 |  |  | 500 |  |  |  | - |  |  |  | 500 |
Banco Santander - Santiago |  | Fixed term |  | Dollar |  |  | 2.55 | % |  | 12-09-2019 |  | 02-04-2020 |  |  | 1,700 |  |  |  | 3 |  |  |  | 1,703 |
Banco Itaú Corpbanca |  | Fixed term |  | Dollar |  |  | 2.55 | % |  | 12-16-2019 |  | 01-06-2020 |  |  | 2,500 |  |  |  | 3 |  |  |  | 2,503 |
Banco Itaú Corpbanca |  | Fixed term |  | Dollar |  |  | 3.64 | % |  | 11-29-2019 |  | 02-13-2020 |  |  | 1,500 |  |  |  | 5 |  |  |  | 1,505 |
Banco Itaú Corpbanca |  | Fixed term |  | Dollar |  |  | 2.80 | % |  | 11-12-2019 |  | 01-28-2020 |  |  | 2,000 |  |  |  | 8 |  |  |  | 2,008 |
Banco Santander - Santiago |  | Fixed term |  | Dollar |  |  | 2.33 | % |  | 10-16-2019 |  | 01-12-2020 |  |  | 1,000 |  |  |  | 5 |  |  |  | 1,005 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 2.45 | % |  | 12-17-2019 |  | 01-13-2020 |  |  | 3,600 |  |  |  | 3 |  |  |  | 3,603 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 3.20 | % |  | 11-13-2019 |  | 01-30-2020 |  |  | 500 |  |  |  | 2 |  |  |  | 502 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 3.40 | % |  | 12-02-2019 |  | 02-27-2020 |  |  | 2,000 |  |  |  | 5 |  |  |  | 2,005 |
Scotiabank Sud Americano |  | Fixed term |  | Dollar |  |  | 3.45 | % |  | 11-18-2019 |  | 01-30-2020 |  |  | 1,500 |  |  |  | 6 |  |  |  | 1,506 |
BBVA Banco Francés |  | Fixed term |  | Dollar |  |  | 39 | % |  | 12-26-2019 |  | 01-27-2020 |  |  | 52 |  |  |  | 1 |  |  |  | 53 |
Banco Itaú S.A. |  | On demand |  | Dollar |  |  | 8 | % |  | 10-17-2019 |  | 01-17-2020 |  |  | 64 |  |  |  | - |  |  |  | 64 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 148,728 |  |  |  | 371 |  |  |  | 149,099 |
| 10.6 | Net Debt reconciliation
This section sets out an analysis of net debt and relating movements for each of the periods presented. The definition of the net debt is described in Note 20.1.
Net debt |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Cash and cash equivalents |  |  | 509,102 |  |  |  | 588,530 |
Other current financial assets |  |  | 348,069 |  |  |  | 505,490 |
Other non-current financial hedge assets |  |  | 37,276 |  |  |  | 3,918 |
Other current financial liabilities |  |  | (68,955 | ) |  |  | (291,128 | )
Lease liabilities, current |  |  | (5,528 | ) |  |  | (7,694 | )
Other non-current financial liabilities |  |  | (1,899,513 | ) |  |  | (1,488,723 | )
Lease liabilities, non-current |  |  | (25,546 | ) |  |  | (30,203 | )
Total |  |  | (1,105,095 | ) |  |  | (719,810 | )
|  | As of |  |  | From cash flow |  |  | Not from cash flow |  |  | As of |
Cash and cash equivalents |  | December 31, 2019 |  |  | Amounts from loans |  |  | Amounts from interests |  |  | Other cash income/expenses |  |  | Hedging and non- hedging instruments |  |  | Exchange rate differences |  |  | Others |  |  | December 31, 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Obligations with the public and bank loans |  |  | (1,753,028 | ) |  |  | (136,692 | ) |  |  | 73,933 |  |  |  | 7,819 |  |  |  | - |  |  |  | (33,280 | ) |  |  | (81,616 | ) |  |  | (1,922,864 | )
Current and non-current lease liabilities |  |  | (37,897 | ) |  |  | 8,015 |  |  |  | 1,133 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,325 | ) |  |  | (31,074 | )
Financial instruments derived from hedging |  |  | (23,655 | ) |  |  | 814 |  |  |  | 7,634 |  |  |  | - |  |  |  | (20,909 | ) |  |  | - |  |  |  | (4,094 | ) |  |  | (40,210 | )
Financial instruments derived from non-hedging |  |  | (3,169 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,226 | ) |  |  | - |  |  |  | - |  |  |  | (5,395 | )
Current and non-current financial liabilities |  |  | (1,817,749 | ) |  |  | (127,863 | ) |  |  | 82,700 |  |  |  | 7,819 |  |  |  | (23,135 | ) |  |  | (33,280 | ) |  |  | (88,035 | ) |  |  | (1,999,543 | )
Cash and cash equivalents |  |  | 588,530 |  |  |  | - |  |  |  | - |  |  |  | (78,988 | ) |  |  | - |  |  |  | (440 | ) |  |  | - |  |  |  | 509,102 |
Deposits that do not qualify as cash and cash equivalents |  |  | 485,689 |  |  |  | - |  |  |  | - |  |  |  | (123,196 | ) |  |  | - |  |  |  | (14,032 | ) |  |  | (3,002 | ) |  |  | 345,459 |
Derivatives from hedge assets |  |  | 21,188 |  |  |  | - |  |  |  | (1,216 | ) |  |  | (39,290 | ) |  |  | 56,207 |  |  |  | - |  |  |  | 388 |  |  |  | 37,277 |
Derivatives from other financial non-hedge assets |  |  | 2,532 |  |  |  | - |  |  |  | - |  |  |  | 6,902 |  |  |  | (6,824 | ) |  |  | - |  |  |  | - |  |  |  | 2,610 |
Total |  |  | (719,810 | ) |  |  | (127,863 | ) |  |  | 81,484 |  |  |  | (226,753 | ) |  |  | 26,248 |  |  |  | (47,752 | ) |  |  | (90,649 | ) |  |  | (1,105,095 | )
The definition of debt is described in Note 13 .

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