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Financial instruments | 12 Months Ended
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Dec. 31, 2020
Disclosure Of Financials instruments [Abstract] |
Disclosure of financial instruments [text block] |
Note 13 | Financial instruments
| 13.1 | Types of other current and non-current financial assets
Description of other financial assets |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Financial assets at amortized cost (1) |  |  | 345,459 |  |  |  | 485,689 |
Derivative financial instruments |  |  |  |  |  |  |  |
- For hedging |  |  | - |  |  |  | 17,270 |
- Non-hedging (2) |  |  | 2,610 |  |  |  | 2,531 |
Total other current financial assets |  |  | 348,069 |  |  |  | 505,490 |
Financial assets at fair value through other comprehensive income |  |  | 14,569 |  |  |  | 4,785 |
Derivative financial instruments |  |  |  |  |  |  |  |
- For hedging |  |  | 37,276 |  |  |  | 3,918 |
Other financial assets at amortized cost |  |  | 80 |  |  |  | 75 |
Total other non-current financial assets |  |  | 51,925 |  |  |  | 8,778 |
Institution |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Banco de Crédito e Inversiones |  |  | 185,589 |  |  |  | 185,400 |
Banco Santander (3) |  |  | 45,168 |  |  |  | 74,365 |
Banco Itau Corpbanca |  |  | 49,006 |  |  |  | 120,628 |
Banco Security |  |  | - |  |  |  | 17,964 |
Banco de Chile |  |  | - |  |  |  | 18,026 |
Banco Estado |  |  | - |  |  |  | 15,126 |
Scotiabank Sud Americano |  |  | 31,668 |  |  |  | 54,180 |
JP Morgan Asset Management |  |  | 34,028 |  |  |  | - |
Total |  |  | 345,459 |  |  |  | 485,689 |
| (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 13.3).
| (3) | As of December 31, 2020, there were no margin calls and as of December 31, 2019, this value was ThUS$ 1,870.
| 13.2 | Trade and other receivables
|  | As of December 31, 2020 |  |  | As of December 31, 2019 |
Trade and other receivables |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Trade receivables, current |  |  | 313,265 |  |  |  | - |  |  |  | 313,265 |  |  |  | 367,583 |  |  |  | - |  |  |  | 367,583 |
Prepayments, current |  |  | 19,900 |  |  |  | - |  |  |  | 19,900 |  |  |  | 20,309 |  |  |  | - |  |  |  | 20,309 |
Other receivables, current |  |  | 32,041 |  |  |  | 11,165 |  |  |  | 43,206 |  |  |  | 11,250 |  |  |  | 1,710 |  |  |  | 12,960 |
Total trade and other receivables |  |  | 365,206 |  |  |  | 11,165 |  |  |  | 376,371 |  |  |  | 399,142 |  |  |  | 1,710 |  |  |  | 400,852 |
See discussion about credit risk in Note 5.2.
|  | As of December 31, 2020 |  |  | As of December 31, 2019 |
Trade and other receivables |  | 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 |  |  | 327,586 |  |  |  | (14,321 | ) |  |  | 313,265 |  |  |  | 383,775 |  |  |  | (16,192 | ) |  |  | 367,583 |
Trade receivables, current |  |  | 327,586 |  |  |  | (14,321 | ) |  |  | 313,265 |  |  |  | 383,775 |  |  |  | (16,192 | ) |  |  | 367,583 |
Prepayments, current |  |  | 20,684 |  |  |  | (784 | ) |  |  | 19,900 |  |  |  | 21,092 |  |  |  | (783 | ) |  |  | 20,309 |
Other receivables, current |  |  | 36,664 |  |  |  | (4,623 | ) |  |  | 32,041 |  |  |  | 15,659 |  |  |  | (4,409 | ) |  |  | 11,250 |
Current trade and other receivables |  |  | 57,348 |  |  |  | (5,407 | ) |  |  | 51,941 |  |  |  | 36,751 |  |  |  | (5,192 | ) |  |  | 31,559 |
Other receivables, non-current |  |  | 11,165 |  |  |  | - |  |  |  | 11,165 |  |  |  | 1,710 |  |  |  | - |  |  |  | 1,710 |
Non-current receivables |  |  | 11,165 |  |  |  | - |  |  |  | 11,165 |  |  |  | 1,710 |  |  |  | - |  |  |  | 1,710 |
Total trade and other receivables |  |  | 396,099 |  |  |  | (19,728 | ) |  |  | 376,371 |  |  |  | 422,236 |  |  |  | (21,384 | ) |  |  | 400,852 |
| (a) | Portfolio analysis
As of December 31, 2020, and December 31, 2019 the detail of the renegotiated portfolio is as follows:
As of December 31, 2020
Portfolio analysis
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 |  |  | 1,281 |  |  |  | 301,939 |  |  |  | 23 |  |  |  | 179 |
1 - 30 days |  |  | 119 |  |  |  | 12,140 |  |  |  | 8 |  |  |  | 60 |
31 - 60 days |  |  | 12 |  |  |  | 1,226 |  |  |  | - |  |  |  | - |
61 - 90 days |  |  | 5 |  |  |  | 159 |  |  |  | - |  |  |  | - |
91 - 120 days |  |  | 5 |  |  |  | 1,448 |  |  |  | 1 |  |  |  | 41 |
121 - 150 days |  |  | 2 |  |  |  | 2,384 |  |  |  | 2 |  |  |  | 2 |
151 - 180 days |  |  | 3 |  |  |  | 1,398 |  |  |  | 4 |  |  |  | 12 |
181 - 210 days |  |  | 1 |  |  |  | - |  |  |  | 2 |  |  |  | 5 |
211 - 250 days |  |  | 3 |  |  |  | 2 |  |  |  | 6 |  |  |  | 114 |
>250 days |  |  | 156 |  |  |  | 5,030 |  |  |  | 64 |  |  |  | 1,447 |
Total |  |  | 1,587 |  |  |  | 325,726 |  |  |  | 110 |  |  |  | 1,860 |
As of December 31, 2019
Portfolio analysis
Past due segments |  | Number of customers non- renegotiated portfolio |  |  | Gross non-renegotiated portfolio ThUS$ |  |  | Number of customers 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 |
| (b) | Estimate for doubtful accounts
As of December 31, 2020
|  | Trade accounts receivable days past due |  |  |  |  |  |  |
Trade and other receivables |  | Current |  |  | 1 to 30 days |  |  | 31 to 60 days |  |  | 61 to 90 days |  |  | Over 90 days |  |  | Trade |  |  | Trade receivables due from related parties |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  |  | ThUS$ |
Expected Loss Rate on |  |  | 1 | % |  |  | 10 | % |  |  | 39 | % |  |  | 52 | % |  |  | 79 | % |  |  | - |  |  |  | - |
Total Gross Book Value |  |  | 302,118 |  |  |  | 12,200 |  |  |  | 1,226 |  |  |  | 159 |  |  |  | 11,883 |  |  |  | 327,586 |  |  |  | 70,145 |
Deterioration Estimate |  |  | 3,187 |  |  |  | 1,207 |  |  |  | 477 |  |  |  | 83 |  |  |  | 9,367 |  |  |  | 14,321 |  |  |  | 7,545 |
As of December 31, 2019
|  | Trade accounts receivable days past due |  |  |  |  |  |  |
Trade and other receivables |  | Current |  |  | 1 to 30 days |  |  | 31 to 60 days |  |  | 61 to 90 days |  |  | Over 90 days |  |  | Trade |  |  | Trade receivables due from related parties |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  |  | ThUS$ |
Expected Loss Rate on |  |  | 1 | % |  |  | 18 | % |  |  | 34 | % |  |  | 44 | % |  |  | 78 | % |  |  | - |  |  |  | - |
Total Gross Book Value |  |  | 352,823 |  |  |  | 20,721 |  |  |  | 1,288 |  |  |  | 573 |  |  |  | 8,370 |  |  |  | 383,775 |  |  |  | 72,550 |
Deterioration Estimate |  |  | 5,285 |  |  |  | 3,664 |  |  |  | 440 |  |  |  | 251 |  |  |  | 6,552 |  |  |  | 16,192 |  |  |  | 11,323 |
As of December 31, 2020, and December 31, 2019, movements in provisions are as follows:
Provisions |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Provision Impairment Accounts receivable at the beginning of the Period |  |  | 32,707 |  |  |  | 32,634 |
(Decrease) increase impairment of accounts receivable |  |  | (4,684 | ) |  |  | 1,057 |
Use of Provision Applied to Accounts Receivable |  |  | (750 | ) |  |  | (984 | )
Impairment of Accounts Receivable Provision at the end of the Period |  |  | 27,273 |  |  |  | 32,707 |
(1) Trade and Other Receivables Provision |  |  | 14,321 |  |  |  | 16,192 |
(2) Current other Receivables Provision |  |  | 5,407 |  |  |  | 5,192 |
(3) Provision Trade payables due to related parties, current |  |  | 7,545 |  |  |  | 11,323 |
Recovery of Insurance |  |  | 347 |  |  |  | 320 |
Impairment of Accounts Receivable Provision |  |  | 27,273 |  |  |  | 32,707 |
Renegotiated Provision |  |  | 1,728 |  |  |  | 1,905 |
Non-renegotiated Provision |  |  | 25,545 |  |  |  | 30,802 |
13.3 | Hedging assets and liabilities
The balance represents derivative financial instruments measured at fair value which have been classified as hedges for exchange and interest rate risks relating to the total obligations with the public associated with bonds in UF and investments in Chilean pesos. As of December 31, 2020, the notional amount of cash flows agreed upon in US dollars of the cross-currency swap contracts amounted to ThUS$ 565,295 (As of December 31, 2019 amounted to ThUS$ 435,167).
Expressed in ThUS$ |  | Assets / (Liabilities) Derivative Instrument |  |  | Total Realized |  |  | Hedging Reserve in Gross Equity |
Hedging with debt as underlying as of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Hedging Assets |  |  | 37,276 |  |  |  | 24,428 |  |  |  | 12,848 |
Hedging Liabilities |  |  | (19,195 | ) |  |  | (12,956 | ) |  |  | (6,239 | )
Underlying Debt Hedge |  |  | 18,081 |  |  |  | 11,472 |  |  |  | 6,609 |
Underlying Investment Coverage as of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Hedging Assets |  |  | - |  |  |  | - |  |  |  | - |
Hedging Liabilities |  |  | (21,004 | ) |  |  | (20,626 | ) |  |  | (378 | )
Underlying Investments Hedge |  |  | (21,004 | ) |  |  | (20,626 | ) |  |  | (378 | )
Expressed in ThUS$ |  | Assets / (Liabilities) Derivative Instrument |  |  | Total Realized |  |  | Hedging Reserve in Gross Equity |
Hedging with debt as underlying as of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Hedging Assets |  |  | 3,918 |  |  |  | (4,194 | ) |  |  | 8,112 |
Hedging Liabilities |  |  | (22,771 | ) |  |  | (25,363 | ) |  |  | 2,592 |
Underlying Debt Hedge |  |  | (18,853 | ) |  |  | (29,557 | ) |  |  | 10,704 |
Underlying Investment Coverage as of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Hedging Assets |  |  | 17,270 |  |  |  | 17,857 |  |  |  | (587 | )
Hedging Liabilities |  |  | (889 | ) |  |  | (711 | ) |  |  | (178 | )
Underlying Investments Hedge |  |  | 16,381 |  |  |  | 17,146 |  |  |  | (765 | )
Hedging Effect in Profit and Equity for the period as of December 31, 2020 |  | Variation Total |  |  | Result |  |  | Hedge Reserve Variation |
Analysis Effect by Type of Coverage |  |  |  |  |  |  |  |  |  |  |  |
Underlying Debt Hedge |  |  | 36,935 |  |  |  | 41,029 |  |  |  | (4,094 | )
Underlying Investments Hedge |  |  | (37,385 | ) |  |  | (37,772 | ) |  |  | 387 |
Total hedging effect on profit or loss and equity in the period |  |  | (450 | ) |  |  | 3,257 |  |  |  | (3,707 | )
Analysis Effect by type of asset |  |  |  |  |  |  |  |  |  |  |  |
Hedging in Current and Non-Current Assets |  |  | 16,088 |  |  |  | 10,765 |  |  |  | 5,323 |
Hedging in Current and Non-Current Liabilities |  |  | (16,538 | ) |  |  | (7,508 | ) |  |  | (9,030 | )
Total Hedge Effect in Profit or Loss and Equity for the period |  |  | (450 | ) |  |  | 3,257 |  |  |  | (3,707 | )
The balances in the “total realized” column consider the intermediate effects of the contracts in force from January 1 to December 31, 2020 and from January 1 to December 31, 2019. Derivative contract maturities are detailed as follows:
Series |  | Contract amount |  |  | Currency |  | Maturity date
|  | ThUS$ |  |  |  |  |
H |  |  | 134,049 |  |  | UF |  | 01/04/2023
O |  |  | 58,748 |  |  | UF |  | 02/01/2022
P |  |  | 134,228 |  |  | UF |  | 01/15/2028
Q |  |  | 106,933 |  |  | UF |  | 06/01/2030
Effectiveness The Company uses cross currency swap derivative instruments to hedge the possible financial risk associated with the volatility of the exchange rate associated with Chilean pesos and UF. The objective is to hedge the exchange rate and inflation financial risks associated with bonds payable. Hedges are documented and tested to measure their effectiveness. Based on a comparison of critical terms, hedging is highly effective, given that the hedged amount is consistent with obligations maintained for bonds denominated in Pesos and UF. Likewise, hedging contracts are denominated in the same currencies and have the same maturity dates of bond principal and interest payments. Effectiveness tests have verified that hedges are effective as of the reporting date.
| 13.4 | Financial liabilities
Other current and non-current financial liabilities As of December 31, 2020, and December 31, 2019, the detail is as follows:
|  | As of December 31, 2020 |  |  | As of December 31, 2019 |
Other current and non-current financial liabilities |  | Currents |  |  | Non-Current |  |  | Total |  |  | Currents |  |  | Non-Current |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Liabilities at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 82 |  |  |  | 69,376 |  |  |  | 69,458 |  |  |  | 199 |  |  |  | 69,138 |  |  |  | 69,337 |
Obligations with the public |  |  | 36,781 |  |  |  | 1,816,626 |  |  |  | 1,853,407 |  |  |  | 280,578 |  |  |  | 1,403,108 |  |  |  | 1,683,686 |
Derivative financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
For hedging |  |  | 26,699 |  |  |  | 13,511 |  |  |  | 40,210 |  |  |  | 7,183 |  |  |  | 16,477 |  |  |  | 23,660 |
Non-Hedging |  |  | 5,393 |  |  |  | - |  |  |  | 5,393 |  |  |  | 3,168 |  |  |  | - |  |  |  | 3,168 |
Total |  |  | 68,955 |  |  |  | 1,899,513 |  |  |  | 1,968,468 |  |  |  | 291,128 |  |  |  | 1,488,723 |  |  |  | 1,779,851 |
Current and non-current bank borrowings As of December 31, 2020, and 2019, the detail is as follows:
Current and non-current bank borrowings |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | ThUS$ |  |  | ThUS$ |
Current loans |  |  | 82 |  |  |  | 199 |
Non-current loans |  |  | 69,376 |  |  |  | 69,138 |
Current and non-current loans |  |  | 69,458 |  |  |  | 69,337 |
| a) | Bank borrowings, current:
As of December 31, 2020, and December 31, 2019, the detail of this caption is as follows:
Debtor |  | Creditor |  |  |  |  |  |  |  |  |  |  |  |
Tax ID No. |  | Company |  | Country |  | Tax ID No. |  | Financial institution |  | Country |  | Currency or adjustment index |  | Payment of interest |  | Repayment |  | Effective rate |  |  | Nominal rate |
93.007.000-9 |  | SQM S.A. |  | Chile |  | O-E |  | Scotiabank Cayman |  | USA |  | USD |  | Upon maturity |  | 05/30/2023 |  |  | 1.00% |  |  |  | 1.36% |
Debtor |  | Creditor |  | Nominal amounts as of December 31, 2020 |  |  | Current amounts as of December 31, 2020 |  |  |  |
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 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 82 |  |  |  | 82 |  |  |  | - |  |  |  | 82 |
Total |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 82 |  |  |  | 82 |  |  |  | - |  |  |  | 82 |
Debtor |  | Creditor |  | Currency or |  |  |  |  |  |  |  |  |  |
Tax ID No |  | Company |  | Country |  | Tax ID No |  | Financial institution |  | Country |  | adjustment 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 |
| b) | Unsecured obligations, current:
As of December 31, 2020, and December 31, 2019, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds, as follows:
Debtor |  | Number of |  |  |  |  |  |  | Currency or |  | Periodicity |  |  |  |  |  |
Tax ID No. |  | Company |  | Country |  | registration or ID of the instrument |  |  | Series |  | Maturity date |  | adjustment index |  | Payment of interest |  | Repayment |  | Effective rate |  |  | Nominal rate |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | - |  |  | MUS$250 |  | 01/28/2021 |  | US$ |  | Semiannual |  | Upon maturity |  |  | 1.95% |  |  |  | 4.38% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | - |  |  | MUS$300 |  | 04/03/2021 |  | US$ |  | Semiannual |  | Upon maturity |  |  | 1.08% |  |  |  | 3.63% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | - |  |  | MUS$450 |  | 05/07/2021 |  | US$ |  | Semiannual |  | Upon maturity |  |  | 3.59% |  |  |  | 4.25% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | - |  |  | MUS$400 |  | 01/22/2021 |  | US$ |  | Semiannual |  | Upon maturity |  |  | 4.17% |  |  |  | 4.25% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | 564 |  |  | H |  | 01/05/2021 |  | UF |  | Semiannual |  | Semiannual |  |  | 0.58% |  |  |  | 4.90% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | 699 |  |  | O |  | 02/01/2021 |  | UF |  | Semiannual |  | Upon maturity |  |  | 2.24% |  |  |  | 3.80% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | 563 |  |  | P |  | 01/15/2021 |  | UF |  | Semiannual |  | Upon maturity |  |  | 2.37% |  |  |  | 3.25% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | 700 |  |  | Q |  | 06/01/2021 |  | UF |  | Semiannual |  | Upon maturity |  |  | 2.92% |  |  |  | 3.45% |
Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements.
|  |  |  |  |  | Nominal amounts as of December 31, 2020 |  |  | Carrying amounts of maturities as of December 31, 2020 |
Company |  | Country |  | Series |  | 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. |  | 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 |  |  | 7,508 |  |  |  | - |  |  |  | 7,508 |  |  |  | 7,508 |  |  |  | - |  |  |  | 7,508 |  |  |  | (679 | ) |  |  | 6,829 |
SQM S.A. |  | Chile |  | MUS$400 |  |  | - |  |  |  | 2,869 |  |  |  | 2,869 |  |  |  | - |  |  |  | 2,869 |  |  |  | 2,869 |  |  |  | (237 | ) |  |  | 2,632 |
SQM S.A. |  | Chile |  | H |  |  | 18,212 |  |  |  | - |  |  |  | 18,212 |  |  |  | 18,212 |  |  |  | - |  |  |  | 18,212 |  |  |  | (172 | ) |  |  | 18,040 |
SQM S.A. |  | Chile |  | O |  |  | 962 |  |  |  | - |  |  |  | 962 |  |  |  | 962 |  |  |  | - |  |  |  | 962 |  |  |  | (82 | ) |  |  | 880 |
SQM S.A. |  | Chile |  | P |  |  | 1,824 |  |  |  | - |  |  |  | 1,824 |  |  |  | 1,824 |  |  |  | - |  |  |  | 1,824 |  |  |  | (12 | ) |  |  | 1,812 |
SQM S.A. |  | Chile |  | Q |  |  | - |  |  |  | 350 |  |  |  | 350 |  |  |  | - |  |  |  | 350 |  |  |  | 350 |  |  |  | (21 | ) |  |  | 329 |
Total |  |  |  |  |  |  | 33,154 |  |  |  | 5,877 |  |  |  | 39,031 |  |  |  | 33,154 |  |  |  | 5,877 |  |  |  | 39,031 |  |  |  | (2,250 | ) |  |  | 36,781 |
Debtor |  | Number of |  |  |  |  |  |  | Currency or |  | Periodicity |  |  |  |  |  |
Tax I No. |  | Company |  | Country |  | registration or ID of the instrument |  |  | Series |  | Maturity date |  | adjustment index |  | Payment of 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 |  |  | Carrying amounts of maturities as of December 31, 2019 |
Company |  | Country |  | Series |  | 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. |  | 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$450 |  |  | - |  |  |  | 2,869 |  |  |  | 2,869 |  |  |  | - |  |  |  | 2,869 |  |  |  | 2,869 |  |  |  | (679 | ) |  |  | 2,190 |
SQM S.A. |  | Chile |  | H |  |  | 17,166 |  |  |  | - |  |  |  | 17,166 |  |  |  | 17,166 |  |  |  | - |  |  |  | 17,166 |  |  |  | (139 | ) |  |  | 17,027 |
SQM S.A. |  | Chile |  | O |  |  | 890 |  |  |  | - |  |  |  | 890 |  |  |  | 890 |  |  |  | - |  |  |  | 890 |  |  |  | (67 | ) |  |  | 823 |
SQM S.A. |  | Chile |  | P |  |  | 1,686 |  |  |  | - |  |  |  | 1,686 |  |  |  | 1,686 |  |  |  | - |  |  |  | 1,686 |  |  |  | (12 | ) |  |  | 1,674 |
SQM S.A. |  | Chile |  | Q |  |  | - |  |  |  | 323 |  |  |  | 323 |  |  |  | - |  |  |  | 323 |  |  |  | 323 |  |  |  | (6 | ) |  |  | 317 |
Total |  |  |  |  |  |  | 24,390 |  |  |  | 258,524 |  |  |  | 282,914 |  |  |  | 24,390 |  |  |  | 258,524 |  |  |  | 282,914 |  |  |  | (2,336 | ) |  |  | 280,578 |
Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements.
| c) | Classes of interest-bearing loans, non-current
The following table shows the details of bank loans as of December 31, 2020 and 2019:
Debtor |  | Creditor |  | Currency or |  | Type of |  |  |  |  |  |
Tax ID No. |  | Company |  | Country |  | Tax ID No. |  | Financial institution |  | Country |  | adjustment index |  | amortization |  | Effective rate |  |  | Nominal rate |
93.007.000-9 |  | SQM S.A. |  | Chile |  | Foreign |  | Scotiabank Cayman |  | USA |  | USD |  | Maturity |  |  | 1.98% |  |  |  | 1.36% |
Debtor |  | Creditor |  | Nominal non-current maturities as of December 31, 2020 |  |  | Carrying amounts of maturities as of December 31, 2020 |
Company |  | Financial institution |  | Between 1 and 2 |  |  | Between 2 and 3 |  |  | Between 3 and 4 |  |  | Total |  |  | Between 1 and 2 |  |  | Between 2 and 3 |  |  | Between 3 and 4 |  |  | Subtotal |  |  | Costs of obtaining loans |  |  | Total |
|  |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
SQM S.A. |  | Scotiabank Cayman |  |  | - |  |  |  | 70,000 |  |  |  | - |  |  |  | 70,000 |  |  |  | - |  |  |  | 70,000 |  |  |  | - |  |  |  | 70,000 |  |  |  | (624 | ) |  |  | 69,376 |
Total |  |  |  |  | - |  |  |  | 70,000 |  |  |  | - |  |  |  | 70,000 |  |  |  | - |  |  |  | 70,000 |  |  |  | - |  |  |  | 70,000 |  |  |  | (624 | ) |  |  | 69,376 |
Debtor |  | Creditor |  | Currency or |  |  |  |  |  |  |  |
Tax ID No. |  | Company |  | Country |  | Tax ID No. |  | Financial institution |  | Country |  | adjustment index |  | Type of 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 maturities as of December 31, 2019 |  |  | Carrying amounts of maturities as of December 31, 2019 |
Company |  | Financial institution |  | 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 |  |  | 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 |
| d) | Non-current unsecured interest-bearing bonds
The following table shows the details of “unsecured debentures that accrue non-current interest” as of December 31, 2020, and 2019:
Debtor |  | Number of |  |  |  |  |  |  | Currency or |  | Periodicity |  |  |  |  |  |
Tax ID No. |  | Company |  | Country |  | registration or ID of the instrument |  |  | Series |  | Maturity date |  | adjustment index |  | Payment of 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 |  |  | 4.18% |  |  |  | 4.25% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | - |  |  | MUS$400 |  | 01/22/2050 |  | US$ |  | Semiannual |  | Upon maturity |  |  | 4.22% |  |  |  | 4.25% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | 564 |  |  | H |  | 01/05/2030 |  | UF |  | Semiannual |  | Semiannual |  |  | 4.76% |  |  |  | 4.90% |
93.007.000-9 |  | SQM S.A. |  | Chile |  |  | 699 |  |  | O |  | 02/01/2033 |  | UF |  | Semiannual |  | Upon maturity |  |  | 3.68% |  |  |  | 3.80% |
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 |  |  | 3.43% |  |  |  | 3.45% |
|  | Nominal non-current maturities as of December 31, 2020 |  |  | Carrying amounts of maturities as of December 31, 2020 |
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 |  |  |  | (1,336 | ) |  |  | 248,664 |
MUS$300 |  |  | - |  |  |  | 300,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 300,000 |  |  |  | - |  |  |  | 300,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 300,000 |  |  |  | (781 | ) |  |  | 299,219 |
MUS$450 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 450,000 |  |  |  | 450,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 450,000 |  |  |  | 450,000 |  |  |  | (5,020 | ) |  |  | 444,980 |
MUS$400 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 400,000 |  |  |  | 400,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 400,000 |  |  |  | 400,000 |  |  |  | (6,582 | ) |  |  | 393,418 |
H |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 126,386 |  |  |  | 126,386 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 126,386 |  |  |  | 126,386 |  |  |  | (1,378 | ) |  |  | 125,008 |
O |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 61,334 |  |  |  | 61,334 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 61,334 |  |  |  | 61,334 |  |  |  | (904 | ) |  |  | 60,430 |
P |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 122,668 |  |  |  | 122,668 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 122,668 |  |  |  | 122,668 |  |  |  | (77 | ) |  |  | 122,591 |
Q |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 122,668 |  |  |  | 122,668 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 122,668 |  |  |  | 122,668 |  |  |  | (352 | ) |  |  | 122,316 |
Total |  |  | - |  |  |  | 300,000 |  |  |  | - |  |  |  | 250,000 |  |  |  | 1,283,056 |  |  |  | 1,833,056 |  |  |  | - |  |  |  | 300,000 |  |  |  | - |  |  |  | 250,000 |  |  |  | 1,283,056 |  |  |  | 1,833,056 |  |  |  | (16,430 | ) |  |  | 1,816,626 |
Debtor |  | Number of |  |  |  |  |  |  | Currency or |  | Periodicity |  |  |  |  |  |
Tax ID No. |  | Company |  | Country |  | registration or ID of the instrument |  |  | Series |  | Maturity date |  | adjustment index |  | Payment of 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 maturities as of December 31, 2019 |  |  | Carrying amounts of maturities 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$450 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 450,000 |  |  |  | 450,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 450,000 |  |  |  | 450,000 |  |  |  | (5,923 | ) |  |  | 444,077 |
H |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 75,621 |  |  |  | 130,617 |  |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 75,621 |  |  |  | 130,617 |  |  |  | (1,253 | ) |  |  | 129,364 |
O |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 56,715 |  |  |  | 56,715 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 56,715 |  |  |  | 56,715 |  |  |  | (811 | ) |  |  | 55,904 |
P |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 113,430 |  |  |  | 113,430 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 113,430 |  |  |  | 113,430 |  |  |  | (89 | ) |  |  | 113,341 |
Q |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 113,430 |  |  |  | 113,430 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 113,430 |  |  |  | 113,430 |  |  |  | (101 | ) |  |  | 113,329 |
Total |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 313,749 |  |  |  | 13,749 |  |  |  | 1,059,196 |  |  |  | 1,414,192 |  |  |  | 13,749 |  |  |  | 13,749 |  |  |  | 313,749 |  |  |  | 13,749 |  |  |  | 1,059,196 |  |  |  | 1,414,192 |  |  |  | (11,084 | ) |  |  | 1,403,108 |
| e) | Additional information
Bonds As of December 31, 2020 and December 31, 2019, the details of each issuance are as follows:
| (i) | Series “H” bonds
On January 13, 2009, the Company placed the Series H bond for UF 4,000,000 (ThUS$ 139,216) at an annual interest rate of 4.9%, with a term of 21 years and amortizations of principal beginning in July, 2019. On July 5, 2019, amortization of principal amounted to UF 181,818.18, (ThUS$ 7,494) with an associated cross currency swap hedge income of ThUS$ 439. On January 5, 2020, amortization of principal amounted to UF 181,818.18. (ThUS$ 6,787) with an associated cross currency swap hedge loss of ThUS$ 268. On July 5, 2020, amortization of principal amounted to UF 181,818.18. (ThUS$ 6,509) with an associated cross currency swap hedge loss of ThUS$ 546. See more details in Note 20.1 For the periods ended December 31, 2020, and December 31, 2019, the Company has made the following payments with a charge to the Series H bonds and their associated CCS hedging:
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payments of interest, Series H bonds |  |  | 6,601 |  |  |  | 7,868 |  |  |  | 8,325 |
CCS Coverage |  |  | 2,575 |  |  |  | 1,952 |  |  |  | 495 |
| (ii) | Single series bonds, second issue MUS$ 250
On April 21, 2010, the Company informed the CMF of its placement in international markets of an unsecured bond of ThUS$ 250,000, pursuant to Rule 144 -A and Regulation S of the Securities and Exchange Commission with a maturity of 10 years with an annual interest rate of 5.5%. The Company paid the principal on April 21, 2020. As of December 31, 2020 and December 31, 2019, the detail of payments charged to the line of single series bonds, second issue is as follows
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Interest payment |  |  | 6,875 |  |  |  | 13,750 |  |  |  | 13,750 |
| (iii) | Series “O” bonds
On April 4, 2012, the Company issued “Series O” for UF 1,500,000 (ThUS$ 69,901) at a term of 21 years with a single payment at the maturity of the term and an annual interest rate of 3.80%. See more details in Note 20.1 For the periods ended December 31, 2020, and December 31, 2019, the Company has made the following payments with a charge to Series O bonds and their associated CCS hedging
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payment of interest, Series O bonds |  |  | 2,070 |  |  |  | 2,308 |  |  |  | 2,457 |
CCS Coverage |  |  | 599 |  |  |  | 354 |  |  |  | 205 |
| (iv) | Single series bonds, third issue MUS$ 300
On April 3, 2013, the Company issued a non-secured bond in the United States with a value of US$ 300 million. pursuant to Rule 144-A and Regulation S of the SEC. The bond is for a 10-year term with an annual coupon rate of 3.625%. For the periods ended 31, 2020, and December 31, 2019, the following payments have been made with a debit to the line of single-series bonds, third issue:
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payment of interest |  |  | 10,875 |  |  |  | 10,875 |  |  |  | 10,875 |
| (v) | Single series bonds, fourth issuance MUS $250
On October 23, 2014, the Company issued unsecured bonds amounting ThUS$ 250,000 in international markets, pursuant to Rule 144-A and Regulation S of the SEC. These bonds mature in 2025 and have annual interest rate of 4.375%. For the periods ended on December 31, 2020 and December 31, 2019, the following payments have been made.
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payment of interest |  |  | 10,938 |  |  |  | 10,938 |  |  |  | 10,938 |
| (vi) | Series “P” bonds
The Company on March 31, 2018 issued the placement on the stock market of the Series “P” bond (the "Bonds” Series P) with a value of UF 3,000,000, with a charge to the 10 year Bonds Line registered in the CMF Securities Registry under number 563. The bonds Series P (i) mature on January 15, 2028; (ii) will accrue on the unpaid principal, expressed in UF, at an annual interest rate of 3.25% from January 15, 2018; and (iii) can be early redeemed by the Company starting from the date of placement, that was, as of April 5, 2018. For the periods ended on December 31, 2020 and December 31, 2019, the following payments and their associated CCS have been made:
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payment of interest series P |  |  | 3,534 |  |  |  | 3,960 |  |  |  | 1,085 |
CCS Coverage |  |  | 3,439 |  |  |  | 2,995 |  |  |  | 1,421 |
| (vii) | Series Q bonds
On October 31, 2018, the issuance of Series Q bonds was authorized in the general stock market for the amount of UF 3,000,000, which were registered in the Securities Registry of your Commission on February 14, 2012 under number 700. The bonds Series Q (i) mature on the first day of June 2038; (ii) will earn an interest rate of 3.45% per annum on the outstanding capital, expressed in Unidades de Fomento, from June 1, 2018 thereon; and (iii) may be early redeemed by the Company starting from the placement date, that was, as of November 8, 2018. On November 8, 2018, all the Series Q Bonds have been placed and sold to Euroamerica S.A. for a total amount of $ 83,567,623,842, which was paid in full and in cash by Euroamerica S.A. to the Company. See more details in Note 20.1 For the years ended December 31, 2020 and December 31, 2019, the following payments have been made:
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payment of interest series Q |  |  | 3,769 |  |  |  | 3,791 |  |  |  | 319 |
CCS Coverage |  |  | 1,021 |  |  |  | - |  |  |  | - |
| (viii) | Single series fifth issue bonds ThUS$ 450,000
On May 7, 2019, the CMF was informed that the Company issued and placed unsecured bonds for ThUS$ 450,000 pursuant to Rule 144-A and Regulation S of the Securities and Exchange Commission on international markets. These bonds will mature in 2029 and carry an interest rate of 4.25% per annum. For the periods ended on December 31, 2020 and December 31, 2019, the following payments have been made:
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payment of interest |  |  | 19,125 |  |  |  | 9,563 |  |  |  | - |
| (ix) | Single series sixth issue bonds MUS$ 400
On January 22, 2020, the Company has placed unsecured bonds in international markets for US$ 400 million, pursuant to Rule 144-A and Regulation S of the Securities and Exchange Commission, at an annual interest rate of 4.250% and a maturity in the year 2050.
Payments made |  | December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payment of interest |  |  | 8,500 |  |  |  | - |  |  |  | - |
13.5 | Trade and other payables
| a) | Details trade and other payables
|  | As of December 31, 2020 |  |  | As of December 31, 2019 |
Details trade and other payables |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Accounts payable |  |  | 203,346 |  |  |  | - |  |  |  | 203,346 |  |  |  | 205,414 |  |  |  | - |  |  |  | 205,414 |
Other accounts payable |  |  | 587 |  |  |  | - |  |  |  | 587 |  |  |  | 376 |  |  |  | - |  |  |  | 376 |
Prepayments from customers |  |  | - |  |  |  | 4,027 |  |  |  | 4,027 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 203,933 |  |  |  | 4,027 |  |  |  | 207,960 |  |  |  | 205,790 |  |  |  | - |  |  |  | 205,790 |
As of December 31, 2020, and December 31, 2019, the balance of current and past due accounts payable is made up as follows: Suppliers current on all payments
|  | Amounts according to payment periods as of December 31, 2020 |
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 |  |  | 111,323 |  |  |  | 1,947 |  |  |  | 123 |  |  |  | 31 |  |  |  | 5 |  |  |  | 4,027 |  |  |  | 117,456 |
Services |  |  | 46,187 |  |  |  | 1,380 |  |  |  | 16 |  |  |  | 757 |  |  |  | 86 |  |  |  | - |  |  |  | 48,426 |
Others |  |  | 29,325 |  |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 29,332 |
Total |  |  | 186,835 |  |  |  | 3,334 |  |  |  | 139 |  |  |  | 788 |  |  |  | 91 |  |  |  | 4,027 |  |  |  | 195,214 |
|  | 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 |
Suppliers past due on payments
|  | Amounts according to payment periods as of December 31, 2020 |
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 |  |  | 1,305 |  |  |  | 59 |  |  |  | 47 |  |  |  | 39 |  |  |  | 517 |  |  |  | - |  |  |  | 1,967 |
Services |  |  | 2,298 |  |  |  | 764 |  |  |  | - |  |  |  | 453 |  |  |  | 505 |  |  |  | - |  |  |  | 4,020 |
Others |  |  | 3,258 |  |  |  | 150 |  |  |  | 371 |  |  |  | 118 |  |  |  | 2,275 |  |  |  | - |  |  |  | 6,172 |
Total |  |  | 6,861 |  |  |  | 973 |  |  |  | 418 |  |  |  | 610 |  |  |  | 3,297 |  |  |  | - |  |  |  | 12,159 |
|  | 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 |
Purchase commitments held by the Company are recognized as liabilities when the goods and services are received by the Company. As of December 31, 2020, the Company has purchase orders amounting to ThUS$ 55,516 and ThUS$ 89,391 as of December 31, 2019.
| 13.6 | Financial asset and liability categories
| a) | Financial Assets
|  | As of December 31, 2020 |  |  | As of December 31, 2019 |
Description of financial assets |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Cash and cash equivalent |  |  | 509,102 |  |  |  | - |  |  |  | 509,102 |  |  |  | 588,530 |  |  |  | - |  |  |  | 588,530 |
Trade receivables due from related parties at amortized cost |  |  | 62,601 |  |  |  | - |  |  |  | 62,601 |  |  |  | 61,227 |  |  |  | - |  |  |  | 61,227 |
Financial assets measured at amortized cost |  |  | 345,459 |  |  |  | 80 |  |  |  | 345,539 |  |  |  | 485,689 |  |  |  | 75 |  |  |  | 485,764 |
Loans and receivables measured at amortized cost |  |  | 365,206 |  |  |  | 11,165 |  |  |  | 376,371 |  |  |  | 399,142 |  |  |  | 1,710 |  |  |  | 400,852 |
Total financial assets measured at amortized cost |  |  | 1,282,368 |  |  |  | 11,245 |  |  |  | 1,293,613 |  |  |  | 1,534,588 |  |  |  | 1,785 |  |  |  | 1,536,373 |
Financial instruments for hedging purposes through equity |  |  | - |  |  |  | 37,276 |  |  |  | 37,276 |  |  |  | 17,270 |  |  |  | 3,918 |  |  |  | 21,188 |
Financial instruments held for trading at through profit or loss |  |  | 2,610 |  |  |  | - |  |  |  | 2,610 |  |  |  | 2,531 |  |  |  | - |  |  |  | 2,531 |
Financial assets classified as available for sale at fair value through equity |  |  | - |  |  |  | 14,569 |  |  |  | 14,569 |  |  |  | - |  |  |  | 4,785 |  |  |  | 4,785 |
Total financial assets at fair value |  |  | 2,610 |  |  |  | 51,845 |  |  |  | 54,455 |  |  |  | 19,801 |  |  |  | 8,703 |  |  |  | 28,504 |
Total financial assets |  |  | 1,284,978 |  |  |  | 63,090 |  |  |  | 1,348,068 |  |  |  | 1,554,389 |  |  |  | 10,488 |  |  |  | 1,564,877 |
| b) | Financial Liabilities
|  | As of December 31, 2020 |  |  | As of December 31, 2019 |
Description of financial liabilities |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
For hedging purposes through equity |  |  | 26,699 |  |  |  | 13,511 |  |  |  | 40,210 |  |  |  | 7,183 |  |  |  | 16,477 |  |  |  | 23,660 |
Held for trading at fair value through profit or loss |  |  | 5,393 |  |  |  | - |  |  |  | 5,393 |  |  |  | 3,168 |  |  |  | - |  |  |  | 3,168 |
Financial liabilities at fair value through profit or loss |  |  | 32,092 |  |  |  | 13,511 |  |  |  | 45,603 |  |  |  | 10,351 |  |  |  | 16,477 |  |  |  | 26,828 |
Bank loans |  |  | 82 |  |  |  | 69,376 |  |  |  | 69,458 |  |  |  | 199 |  |  |  | 69,138 |  |  |  | 69,337 |
Obligations to the public |  |  | 36,781 |  |  |  | 1,816,626 |  |  |  | 1,853,407 |  |  |  | 280,578 |  |  |  | 1,403,108 |  |  |  | 1,683,686 |
Lease Liabilities |  |  | 5,528 |  |  |  | 25,546 |  |  |  | 31,074 |  |  |  | 7,694 |  |  |  | 30,203 |  |  |  | 37,897 |
Trade and other payables |  |  | 203,933 |  |  |  | 4,027 |  |  |  | 207,960 |  |  |  | 205,790 |  |  |  | - |  |  |  | 205,790 |
Trade payables due to related parties |  |  | 606 |  |  |  | - |  |  |  | 606 |  |  |  | 475 |  |  |  | - |  |  |  | 475 |
Total financial liabilities at amortized cost |  |  | 246,930 |  |  |  | 1,915,575 |  |  |  | 2,162,505 |  |  |  | 494,736 |  |  |  | 1,502,449 |  |  |  | 1,997,185 |
Total financial liabilities |  |  | 279,022 |  |  |  | 1,929,086 |  |  |  | 2,208,108 |  |  |  | 505,087 |  |  |  | 1,518,926 |  |  |  | 2,024,013 |
13.7 | Fair value measurement of finance assets and liabilities
The fair value hierarchy is detailed as follows:
| (a) | Level 1: using quoted prices (unadjusted) only in active markets.
| (b) | Level 2: when in any phase in the valuation process inputs other than quoted prices have been used in Level 1 that are observable directly in markets.
| (c) | Level 3: inputs for the asset or liability that are not based on observable market data.
|  | As of December 31, 2020 |  |  | Measurement Methodology |
Fair value measurement of assets and liabilities |  | Carrying Amount at Amortized Cost |  |  | Fair value (informative) |  |  | Book Value Fair value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 509,102 |  |  |  | 509,102 |  |  |  | - |  |  |  | - |  |  |  | 509,102 |  |  |  | - |
Other current financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Time deposits |  |  | 345,459 |  |  |  | 345,459 |  |  |  | - |  |  |  | - |  |  |  | 345,459 |  |  |  | - |
- Derivative financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Forwards |  |  | - |  |  |  | - |  |  |  | 2,263 |  |  |  | - |  |  |  | 2,263 |  |  |  | - |
- Options |  |  | - |  |  |  | - |  |  |  | 347 |  |  |  | - |  |  |  | 347 |  |  |  | - |
Non-current accounts receivable |  |  | 11,165 |  |  |  | 11,165 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other non-current financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Other |  |  | 99 |  |  |  | 99 |  |  |  | - |  |  |  | - |  |  |  | 99 |  |  |  | - |
- Actions |  |  | - |  |  |  | - |  |  |  | 14,549 |  |  |  | 14,549 |  |  |  | - |  |  |  | - |
- Hedging assets – Swaps |  |  | - |  |  |  | - |  |  |  | 37,276 |  |  |  | - |  |  |  | 37,276 |  |  |  | - |
Other current financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Bank loans |  |  | 82 |  |  |  | 82 |  |  |  | - |  |  |  | - |  |  |  | 82 |  |  |  | - |
- Derivative instruments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
- Forwards |  |  | - |  |  |  | - |  |  |  | 4,614 |  |  |  | - |  |  |  | 4,614 |  |  |  | - |
- Options |  |  | - |  |  |  | - |  |  |  | 780 |  |  |  | - |  |  |  | 780 |  |  |  | - |
-Hedging liabilities - Swaps |  |  | - |  |  |  | - |  |  |  | 5,695 |  |  |  | - |  |  |  | 5,695 |  |  |  | - |
-Inversions -Swaps |  |  | - |  |  |  | - |  |  |  | 21,004 |  |  |  | - |  |  |  | 21,004 |  |  |  | - |
- Unsecured obligations |  |  | 36,781 |  |  |  | 36,781 |  |  |  | - |  |  |  | - |  |  |  | 36,781 |  |  |  | - |
- Current lease liabilities |  |  | 5,528 |  |  |  | 5,528 |  |  |  | - |  |  |  | - |  |  |  | 5,528 |  |  |  | - |
Other non-current financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Bank loans |  |  | 69,376 |  |  |  | 71,029 |  |  |  | - |  |  |  | - |  |  |  | 71,029 |  |  |  | - |
- Unsecured obligations |  |  | 1,816,626 |  |  |  | 2,355,943 |  |  |  | - |  |  |  | - |  |  |  | 2,355,943 |  |  |  | - |
- Non-current hedging liabilities |  |  | - |  |  |  | - |  |  |  | 13,511 |  |  |  | - |  |  |  | 13,511 |  |  |  | - |
- Non-current lease liabilities |  |  | 25,546 |  |  |  | 26,027 |  |  |  | - |  |  |  | - |  |  |  | 26,027 |  |  |  | - |
|  | As of December 31, 2019 |  |  | Measurement methodology |
Fair value measurement of assets and liabilities |  | Carrying Amount at Amortized Cost |  |  | Fair value (informative) |  |  | Book Value 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 financial instruments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
- Forwards |  |  | - |  |  |  |  |  |  |  | 2,420 |  |  |  | - |  |  |  | 2,420 |  |  |  | - |
- Options |  |  | - |  |  |  | - |  |  |  | 111 |  |  |  | - |  |  |  | 111 |  |  |  | - |
-Investment hedge swaps |  |  | - |  |  |  | - |  |  |  | 17,270 |  |  |  | - |  |  |  | 17,270 |  |  |  | - |
Non-current accounts receivable |  |  | 1,710 |  |  |  | 1,710 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other non-current financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Other |  |  | 94 |  |  |  | 94 |  |  |  | - |  |  |  | - |  |  |  | 94 |  |  |  | - |
- Actions |  |  | - |  |  |  | - |  |  |  | 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 |  |  |  | - |
- Options |  |  | - |  |  |  | - |  |  |  | 289 |  |  |  | - |  |  |  | 289 |  |  |  | - |
- Hedging liabilities – Swaps |  |  | - |  |  |  | - |  |  |  | 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 |  |  |  | - |
| 13.8 | Estimated fair value of financial instruments
As required by IFRS 7, the following information is presented for the disclosure of the estimated fair value of financial assets and liabilities. Although inputs represent Management's best estimate, they are subjective and involve significant estimates related to the current economic and market conditions, as well as risk features. Methodologies and assumptions used depend on the risk terms and characteristics of instruments and include the following as a summary: Estimate of fair value for the record Financial assets and liabilities measured at fair value consist of forwards hedging the mismatch in the balance sheet and cash flows, options hedging the mismatch in the balance sheet and cross currency swaps to hedge bonds issued in local currency (Peso/UF). The fair value of the Company’s assets and liabilities recognized by cross currency swaps contracts is calculated as the difference between the present value of discounted cash flows of the asset (Ch/UF) and liability (US$) parts of the derivative. In the case of the IRS, the asset value recognized is calculated as the difference between the discounted cash flows of the asset (variable rate) and liability (fixed rate) parts of the derivative. Forwards are calculated as the difference between the strike price of the contract and the spot price plus the forwards points at the date of the contract. Financial options: the value recognized is calculated using the Black-Scholes method. In the case of CCS, the entry data used for the valuation models are UF, Peso, Dollar and basis swap rates. In the case of fair value calculations for interest rate swaps, the Forward Rate Agreement rate and ICVS 23 Curve (Bloomberg: cash/deposits rates, futures, swaps). In the case of forwards, the forwards curve for the currency in question is used. Finally, for options, the spot price, risk-free rate and volatility of exchange rate are used, all in accordance with the currencies used in each valuation. The financial information used as entry data for the Company’s valuation models is obtained from Bloomberg, the well-known financial software company. Conversely, the fair value provided by the counterparties of derivatives contracts is used only as a control and not for valuation. The effects on profit or loss of movements in these amounts is recognized in the caption finance costs, foreign currency translation gain (loss) or cash flow hedges reserve in the statement of comprehensive income, depending on each particular case. Estimate of fair value for reporting purposes
| · | Cash equivalent approximates fair value due to the short-term maturities of these instruments.
| · | The fair value of trade receivables, current is considered to be equal to the carrying amount due to the maturity of such accounts at short-term.
| · | Payables, current lease liabilities and other current financial liabilities are considered fair value equal to book value due to the short-term maturity of these accounts.
| · | The fair value of the debt (long-term secured and unsecured debentures; bonds denominated in local currency (Peso/UF) and foreign currency (Dollar), loans denominated in foreign currency (Dollar) and lease liabilities of the Company are calculated at current value of cash flows subtracted from market rates upon valuation, considering the terms of maturity and exchange rates. The UF and Peso rate curves are used as inputs for the valuation model. This information is obtained through from the renowned financial software company, Bloomberg, and the Chilean Association of Banks and Financial Institutions.

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