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Gains (losses) from operating activities in the statement of income, included according to their nature

12 Months Ended

Dec. 31, 2020

Disclosure Of Profit Loss From Operating Activities Explanatory [Abstract]

Disclosure Of Profit Loss From Operating Activities Explanatory [Text Block]

Note 23

Gains (losses) from operating activities in the statement of income of expenses, included according to their nature

23.1

Revenue from operating activities customer activities

The Group derives revenues from the sale of goods (which are recognized at one point in time) and from the provision of services (which are recognized over time) and are distributed among the following geographical areas and main product and service lines.

(a)

Geographic areas:

For the period ended December 31, 2020
Geographic areas	Specialty plant nutrition		Iodine and derivatives		Lithium and derivatives		Potassium		Industrial chemicals		Other		Total ThUS$
Chile		100,353		1,234		399		23,963		4,059		23,737		153,745
Latin America and the Caribbean		69,535		10,843		1,597		72,697		4,951		367		159,990
Europe		145,896		142,161		49,719		30,029		11,585		735		380,125
North America		246,737		90,292		25,558		39,432		23,963		1,588		427,570
Asia and Others		139,167		90,127		306,100		43,173		116,050		1,144		695,761
Total		701,688		334,657		383,373		209,294		160,608		27,571		1,817,191

For the period ended as of December 31, 2019
Geographic areas	Specialty plant nutrition		Iodine and derivatives		Lithium and derivatives		Potassium		Industrial chemicals		Other		Total ThUS$
Chile		109,975		1,064		599		27,371		39,512		33,336		211,857
Latin America and the Caribbean		78,872		7,972		3,593		64,868		6,354		269		161,928
Europa		149,992		123,525		76,250		27,973		15,289		735		393,764
North America		243,399		90,070		45,810		43,312		27,798		883		451,272
Asia and Others		141,682		148,389		379,462		48,627		5,922		752		724,834
Total		723,920		371,020		505,714		212,151		94,875		35,975		1,943,655

For the period ended as of December 31, 2018
Geographic areas	Specialty plant nutrition		Iodine and derivatives		Lithium and derivatives		Potassium		Industrial chemicals		Other		Total ThUS$
Chile		111,595		1,052		700		25,593		4,575		45,834		189,349
Latin America and the Caribbean		77,737		6,389		3,598		80,192		12,098		177		180,191
Europe		200,229		112,080		103,430		46,068		17,384		473		479,664
North America		240,995		83,587		68,254		50,685		27,347		647		471,515
Asia and Others		151,195		121,864		558,819		64,936		46,863		1,407		945,084
Total		781,751		324,972		734,801		267,474		108,267		48,538		2,265,803

(b)

Main product and service lines:

	For the period from January to December of the year
Products and Services	2020		2019		2018
	ThUS$		ThUS$		ThUS$
Specialty plant nutrition		701,688		723,920		781,751
- Sodium Nitrates		18,291		20,679		17,688
-Potassium nitrate and sodium potassium nitrate		424,041		457,477		527,945
- Specialty Blends		163,033		153,739		145,511
- Other specialty fertilizers		96,323		92,025		90,607
Iodine and derivatives		334,657		371,020		324,972
Lithium and derivatives		383,373		505,714		734,801
Potassium		209,294		212,151		267,474
Industrial chemicals		160,608		94,875		108,267
Other		27,571		35,975		48,538
- Services		3,241		3,410		4,017
- Income from property leases		1,457		1,438		1,474
- Income from subleases on right-of-use assets		176		261		-
- Commodities		11,938		16,176		18,581
-Other ordinary income of Commercial Offices		10,759		14,690		24,466
Total		1,817,191		1,943,655		2,265,803

23.2

Cost of sales

Cost of sales broken down by nature of expense

	For the period from January to December of the year
Nature of expense	2020			2019			2018
	ThUS$			ThUS$			ThUS$
Raw materials and consumables used		(287,877	)		(271,912	)		(260,869	)
Classes of employee benefit expenses		(178,956	)		(178,493	)		(203,571	)
Depreciation expense		(182,410	)		(188,157	)		(212,641	)
Depreciation of Right-of-use Assets (contracts under IFRS 16)		(5,814	)		(5,450	)		-
Amortization expense		(12,655	)		(5,102	)		(6,376	)
Investment plan expenses		(14,286	)		(18,367	)		(11,860	)
Provision for site closure		(911	)		(911	)		(2,045	)
Provision for materials, spare parts and supplies		640			(7,500	)		1,721
Contractors		(142,001	)		(120,793	)		(120,923	)
Operating leases		(57,461	)		(47,708	)		(37,245	)
Mining concessions		(6,645	)		(7,856	)		(8,168	)
Operations transport		(68,730	)		(56,376	)		(64,352	)
Freight / product transport costs		(52,156	)		(46,264	)		(51,387	)
Purchase of products from third parties		(224,115	)		(210,583	)		(182,695	)
Insurance		(17,657	)		(16,968	)		(11,923	)
CORFO rights and other agreements		(74,418	)		(143,861	)		(182,954	)
Export costs		(71,718	)		(75,908	)		(107,418	)
Expenses related to Variable Parts Leases (contracts under IFRS 16)		(1,133	)		(1,037	)		-
Variation in inventory		97,467			52,557			20,597
Variation in inventory provision		7,244			17,107			(8,997	)
Other		(40,729	)		(50,021	)		(34,525	)
Total		(1,334,321	)		(1,383,603	)		(1,485,631	)

23.3

Other income

Other income	For the period from January to December of the year
	2020		2019		2018
	ThUS$		ThUS$		ThUS$
Discounts obtained from suppliers		665		676		705
Fines charged to suppliers		267		483		698
Taxes recovered		346		457		996
Amounts recovered from insurance		14,719		492		443
Overestimate of provisions for third-party obligations		118		983		375
Sale of assets classified as properties, plant and equipment		3,222		2,422		1,536
Options on mining rights		5,852		5,298		16,095
Easements, pipelines and roads		1,619		7,204		10,806
Mining licenses and notary costs reimbursed		85		203		394
Total		26,893		18,218		32,048

23.4	Administrative expenses

Administrative expenses	For the period from January to December of the year
	2020			2019			2018
	ThUS$			ThUS$			ThUS$
Employee benefit expenses		(55,152	)		(60,255	)		(63,880	)
Marketing costs		(2,377	)		(3,911	)		(3,078	)
Amortization expenses		(91	)		(5	)		(15	)
Entertainment expenses		(4,858	)		(5,783	)		(4,805	)
Advisory services		(13,880	)		(13,862	)		(12,848	)
Lease of buildings and facilities		(3,111	)		(3,653	)		(4,556	)
Insurance		(3,478	)		(2,553	)		(1,758	)
Office expenses		(6,204	)		(7,327	)		(8,165	)
Contractors		(5,079	)		(4,874	)		(5,730	)
Depreciation of Right-of-use Assets (contracts under IFRS 16)		(2,617	)		(2,501	)		-
Other expenses, by nature		(10,170	)		(12,456	)		(13,291	)
Total		(107,017	)		(117,180	)		(118,126	)

23.5

Other expenses

Other expenses	For the period from January to December of the year
	2020			2019			2018
	ThUS$			ThUS$			ThUS$
Depreciation and amortization expense
Depreciation of assets not in use		(42	)		(136	)		(59	)
Subtotal		(42	)		(136	)		(59	)
Impairment losses (reversals of impairment losses) recognized in profit for the year
Properties, plant and equipment		(9,563	)		(49	)		(1,390	)
Intangible assets other than goodwill		(1,658	)		(913	)		(1,736	)
Goodwill		(140	)		(140	)		(3,254	)
Amortization of intangible assets		(283	)		-			-
Subtotal		(11,644	)		(1,102	)		(6,380	)
Other expenses, by nature
Legal expenses		(69,965	)		(9,277	)		(15,139	)
VAT and other unrecoverable taxes		(626	)		(613	)		(1,187	)
Fines paid		(314	)		(145	)		(965	)
Investment plan expenses		(864	)		(1,693	)		(7,555	)
Exploration expenses		(5,262	)		(5,537	)		(5,864	)
Donations		(8,793	)		(5,026	)		(4,502	)
Reorganization of related businesses		-			-			6,000
Other operating expenses		(2,102	)		(2,466	)		(1,256	)
Subtotal		(87,926	)		(24,757	)		(30,468	)
Total		(99,612	)		(25,995	)		(36,907	)

23.6

Other gains (losses)

	For the period from January to December of the year
Other income (expenses)	2020			2019			2018
	ThUS$			ThUS$			ThUS$
Adjust previous year application method of participation		(49	)		(985	)		(664	)
Losses in the sale of investments in associates		(11,830	)		-			(759	)
Impairment of interests in associates		7,235			631			(8,802	)
Losses in the sale of investments in joint Ventures		(481	)		-			14,507
Others		(188	)		(29	)		2,122
Total		(5,313	)		(383	)		6,404

23.7	(Impairment) /reversion of value of financial assets impairment losses

	For the period from January to December of the year
Description	2020		2019			2018
	ThUS$		ThUS$			ThUS$
(Impairment) /reversion of value of financial assets impairment losses (See Note 13.2)		4,684		(1,057	)		2,967
Total		4,684		(1,057	)		2,967

23.8

Summary of expenses by nature

The following summary considers notes 23.2, 23.4 and 23.5

Expenses by nature	For the period from January to December of the year
	2020			2019			2018
	ThUS$			ThUS$			ThUS$
Raw materials and consumables		(287,877	)		(271,912	)		(260,869	)
Classes of Employee Benefit Expenses		(234,108	)		(238,748	)		(267,451	)
Depreciation and amortization expense
Depreciation expense		(182,452	)		(188,293	)		(212,700	)
Depreciation of Right-of-use Assets		(8,431	)		(7,951	)		-
Impairment of Value		(1,658	)		(913	)		(1,390	)
Properties, plant and equipment		(9,563	)		(49	)		(3,254	)
Goodwill		(140	)		(140	)		-
Amortization expense		(13,029	)		(5,107	)		(8,127	)
Legal expenses		(69,965	)		(9,277	)		(15,139	)
Investment plan expenses		(15,150	)		(20,060	)		(19,415	)
Exploration expenses		(5,262	)		(5,537	)		(5,864	)
Provision for site closure		(911	)		(911	)		(2,045	)
Provision for materials, spare parts and supplies		640			(7,500	)		1,721
Contractors		(147,080	)		(125,667	)		(126,653	)
Operation leases		(60,572	)		(51,361	)		(41,801	)
Mining concessions		(6,645	)		(7,856	)		(8,168	)
Operation transport		(68,730	)		(56,376	)		(64,352	)
Freight and product transport costs		(52,156	)		(46,264	)		(51,387	)
Purchase of products from third parties		(224,115	)		(210,583	)		(182,695	)
CORFO rights y other agreements		(74,418	)		(143,861	)		(182,954	)
Export costs		(71,718	)		(75,908	)		(107,418	)
Expenses related to Variable Parts Leases (IFRS 16)		(1,133	)		(1,037	)		-
Insurance		(21,135	)		(19,521	)		(13,681	)
Restructuring of joint ventures								6,000
Consultant and advisor services		(13,880	)		(13,862	)		(12,848	)
Variation in gross inventory		97,467			52,557			20,597
Variation in provision on product inventory		7,244			17,107			(8,997	)
Other expenses		(76,173	)		(87,748	)		(71,774	)
Total expenses by nature		(1,540,950	)		(1,526,778	)		(1,640,664	)

23.9

Finance expenses

	For the period from January to December of the year
Finance expenses	2020			2019			2018
	ThUS$			ThUS$			ThUS$
Interest expense from bank borrowings and overdrafts		(2,797	)		(2,133	)		(1,707	)
Interest expense from bonds		(87,030	)		(72,984	)		(55,887	)
Interest expense from loans		(1,598	)		(2,682	)		(3,093	)
Capitalized interest expenses		8,462			7,841			5,021
Financial expenses for restoration and rehabilitation provisions		2,947			(4,417	)		(960	)
Interest on lease agreement		(1,133	)		(1,535	)		-
Other finance costs		(1,050	)		(1,029	)		(1,181	)
Total		(82,199	)		(76,939	)		(57,807	)

23.10

Finance income

	For the period from January to December of the year
Finance income	2020		2019		2018
	ThUS$		ThUS$		ThUS$
Interest from term deposits		10,260		15,345		13,758
Interest from marketable securities		2,147		6,765		6,253
Interest from maintenance of minimum bank balance in current account		18		-		262
Other finance income		1,031		4,130		2,195
Other finance interest		259		49		65
Total		13,715		26,289		22,533