XML 58 R32.htm IDEA: XBRL DOCUMENT

Disclosures on the effects of fluctuations in foreign currency exchange rates

12 Months Ended

Dec. 31, 2020

Disclosure of assets and liabilities subject to foreign currency fluctuations [Text Block]

Note 26

Disclosures on the effects of fluctuations in foreign currency exchange rates

Assets held in foreign currency subject to fluctuations in exchange rates are detailed as follows:

Class of Asset	Currency	As of December 31, 2020		As of December 31, 2019
		ThUS$		ThUS$
Cash and cash equivalents	USD		454,402		558,572
Cash and cash equivalents	ARS		-		3
Cash and cash equivalents	CLP		7,190		8,240
Cash and cash equivalents	CNY		11,597		2,484
Cash and cash equivalents	EUR		17,144		3,131
Cash and cash equivalents	GBP		19		3
Cash and cash equivalents	AUD		1,411		8,492
Cash and cash equivalents	INR		6		6
Cash and cash equivalents	MXN		1,378		2,103
Cash and cash equivalents	PEN		3		4
Cash and cash equivalents	AED		-		-
Cash and cash equivalents	JPY		1,646		1,559
Cash and cash equivalents	ZAR		14,286		3,929
Cash and cash equivalents	KRW		16		-
Cash and cash equivalents	IDR		3		3
Cash and cash equivalents	PLN		1		1
Subtotal cash and cash equivalents			509,102		588,530
Other current financial assets	USD		145,893		127,889
Other current financial assets	CLF		-		36,896
Other current financial assets	CLP		202,176		340,705
Subtotal other current financial assets			348,069		505,490
Other current non-financial assets	USD		20,645		16,535
Other current non-financial assets	AUD		224		285
Other current non-financial assets	BRL		-		2
Other current non-financial assets	CLF		53		31
Other current non-financial assets	CLP		27,837		24,374
Other current non-financial assets	CNY		1,661		326
Other current non-financial assets	EUR		1,531		3,055
Other current non-financial assets	COP		70		-
Other current non-financial assets	MXN		4,488		2,629
Other current non-financial assets	THB		70		22
Other current non-financial assets	JPY		157		174
Other current non-financial assets	ZAR		646		3,119
Other current non-financial assets	SEK		17		-
Subtotal other non-financial current assets			57,399		50,552
Trade and other receivables	USD		230,214		225,554
Trade and other receivables	PEN		1		6
Trade and other receivables	BRL		23		19
Trade and other receivables	CLF		545		504
Trade and other receivables	CLP		47,133		56,023
Trade and other receivables	CNY		22,882		3,340
Trade and other receivables	EUR		22,868		24,925
Trade and other receivables	GBP		682		148
Trade and other receivables	MXN		355		211
Trade and other receivables	AED		533		1,193
Trade and other receivables	THB		1,167		1,695
Trade and other receivables	JPY		23,010		66,266
Trade and other receivables	AUD		589		801
Trade and other receivables	ZAR		12,504		15,900
Trade and other receivables	COP		2,675		2,557
Trade and other receivables	SEK		25		-
Subtotal trade and other receivables			365,206		399,142
Receivables from related parties	USD		61,379		60,135
Receivables from related parties	EUR		1,222		1,092
Subtotal receivables from related parties			62,601		61,227

Class of assets	Currency	As of December 31, 2020		As of December 31, 2019
		ThUS$		ThUS$
Current inventories	USD		1,093,028		983,338
Subtotal Current Inventories			1,093,028		983,338
Current tax assets	USD		128,529		87,509
Current tax assets	ARS		-		1
Current tax assets	CLP		3,015		1,623
Current tax assets	EUR		218		61
Current tax assets	MXN		-		1,806
Current tax assets	PEN		4		-
Current tax assets	ZAR		26		139
Current tax assets	COP		417		294
Current tax assets	THB		15		-
Subtotal current tax assets			132,224		91,433
Non-current assets or groups of assets classified as held for sale	USD		1,629		2,454
Subtotal Non-current assets or groups of assets classified as held for sale			1,629		2,454
Total current assets			2,569,258		2,682,166
Other non-current financial assets	USD		51,828		8,687
Other non-current financial assets	CLP		20		20
Other non-current financial assets	JPY		77		71
Subtotal Other non-current financial assets			51,925		8,778
Other non-current non-financial assets	USD		21,236		19,101
Other non-current non-financial assets	BRL		17		22
Other non-current non-financial assets	COP		-		6
Other non-current non-financial assets	EUR		7		4
Other non-current non-financial assets	CLP		782		596
Subtotal Other non-current non-financial assets			22,042		19,729
Other receivables, non-current	USD		10,061		522
Other receivables, non-current	CLF		152		165
Other receivables, non-current	MXN		102		43
Other receivables, non-current	CLP		850		980
Subtotal Other receivables, non-current			11,165		1,710
Investments classified using the equity method of accounting	USD		23,417		57,777
Investments classified using the equity method of accounting	TRY		792		26,624
Investments classified using the equity method of accounting	AED		47,774		9,111
Investments classified using the equity method of accounting	EUR		11,082		14,315
Investments classified using the equity method of accounting	INR		1,304		1,568
Investments classified using the equity method of accounting	THB		1,624		40
Subtotal Investments classified using the equity method of accounting			85,993		109,435
Intangible assets other than goodwill	USD		176,282		185,951
Intangible assets other than goodwill	MXN		1,025		1,137
Intangible assets other than goodwill	CLP		182		136
Intangible assets other than goodwill	EUR		696		1,134
Intangible assets other than goodwill	CNY		222		-
Subtotal intangible assets other than goodwill			178,407		188,358
Purchases goodwill, gross	USD		34,438		34,438
Purchases goodwill, gross	CLP		-		140
Purchases goodwill, gross	EUR		7,528		148
Subtotal Purchases goodwill, gross			41,966		34,726
Property, plant and equipment	USD		1,719,358		1,556,160
Property, plant and equipment	CLP		3,237		3,294
Property, plant and equipment	EUR		10,954		4,756
Property, plant and equipment	AED		923		-
Property, plant and equipment	BRL		111		-
Property, plant and equipment	MXN		2,494		5,588
Property, plant and equipment	COP		120		108
Property, plant and equipment	KRW		122		-
Subtotal property, plant and equipment			1,737,319		1,569,906
Right-of-use assets	USD		25,238		37,164
Right-of-use assets	EUR		2,428		-
Right-of-use assets	AED		60		-
Right-of-use assets	MXN		2,298		-
Subtotal Right-of-use assets			30,024		37,164
Current tax assets, non-current	USD		90,364		32,179
Subtotal Current tax assets, non-current			90,364		32,179
Total non-current assets			2,249,205		2,001,985
Total assets			4,818,463		4,684,151

		As of December 31, 2020						As of December 31, 2019
Class of liability	Currency	Up to 90 days		More than 90 days to 1 year		Total		Up to 90 days		More than 90 days to 1 year		Total
		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$
Current liabilities
Other current financial liabilities	USD		43,218		4,676		47,894		20,582		250,694		271,276
Other current financial liabilities	CLF		20,732		329		21,061		19,518		323		19,841
Other current financial liabilities	BRL		-		-		-		11		-		11
Subtotal other current financial liabilities			63,950		5,005		68,955		40,111		251,017		291,128
Lease liabilities, current	USD		-		4,750		4,750		-		7,694		7,694
Lease liabilities, current	MXN		-		416		416		-		-		-
Lease liabilities, current	EUR		-		362		362		-		-		-
Subtotal Lease liabilities, current			-		5,528		5,528		-		7,694		7,694
Trade and other payables	USD		83,425		-		83,425		44,146		-		44,146
Trade and other payables	CLF		123		-		123		-		-		-
Trade and other payables	BRL		9		-		9		10		-		10
Trade and other payables	THB		30		-		30		53		-		53
Trade and other payables	CLP		73,857		-		73,857		73,703		17,108		90,811
Trade and other payables	CNY		1,323		-		1,323		-		-		-
Trade and other payables	EUR		40,280		-		40,280		58,538		5		58,543
Trade and other payables	GBP		18		-		18		17		-		17
Trade and other payables	INR		1		-		1		1		-		1
Trade and other payables	MXN		584		-		584		5,122		-		5,122
Trade and other payables	PEN		5		-		5		5		-		5
Trade and other payables	AUD		2,935		-		2,935		4,442		-		4,442
Trade and other payables	ZAR		1,168		-		1,168		2,260		-		2,260
Trade and other payables	AED		-		-		-		188		-		188
Trade and other payables	COP		175		-		175		192		-		192
Subtotal trade and other payables			203,933		-		203,933		188,677		17,113		205,790
Trade payables due to related parties, current	USD		-		282		282		475		-		475
Trade payables due to related parties, current	AUD		324		-		324		-		-		-
Subtotal Trade payables due to related parties, current			324		282		606		475		-		475
Other current provisions	USD		103,252		698		103,950		109,650		820		110,470
Other current provisions	ARS		-		-		-		7		-		7
Other current provisions	CLP		216		-		216		82		-		82
Other current provisions	EUR		-		-		-		6		-		6
Subtotal other current provisions			103,468		698		104,166		109,745		820		110,565

Class of liability		As of December 31, 2020						As of December 31, 2019
	Currency	Up to90 days		91 days to 1 year		Total		Up to90 days		91 days to 1 year		Total
		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$
Current tax liabilities	USD		-		20,981		20,981		2,863		14,994		17,857
Current tax liabilities	CLP		-		61		61		-		17		17
Current tax liabilities	EUR		-		642		642		-		-		-
Current tax liabilities	MXN		-		959		959		-		-		-
Subtotal current tax liabilities			-		22,643		22,643		2,863		15,011		17,874
Provisions for employee benefits, current	USD		2,981		6,011		8,992		12,486		3,901		16,387
Provisions for employee benefits, current	AUD		58		-		58		-		-		-
Provisions for employee benefits, current	CLP		3		-		3		-		-		-
Provisions for employee benefits, current	THB		-		-		-		-		-		-
Provisions for employee benefits, current	MXN		43		-		43		-		-		-
Subtotal Provisions for employee benefits, current			3,085		6,011		9,096		12,486		3,901		16,387
Other current non-financial liabilities	USD		51,995		397		52,392		117,136		154		117,290
Other current non-financial liabilities	THB		-		-		-		30		-		30
Other current non-financial liabilities	BRL		2		-		2		3		-		3
Other current non-financial liabilities	CLP		6,264		792		7,056		5,969		2,439		8,408
Other current non-financial liabilities	CNY		60		-		60		-		-		-
Other current non-financial liabilities	EUR		913		119		1,032		842		-		842
Other current non-financial liabilities	MXN		121		53		174		129		64		193
Other current non-financial liabilities	JPY		52		-		52		21		12		33
Other current non-financial liabilities	PEN		70		-		70		70		-		70
Other current non-financial liabilities	ZAR		-		-		-		10		-		10
Other current non-financial liabilities	COP		-		-		-		-		-		-
Other current non-financial liabilities	ARS		-		117		117		20		-		20
Subtotal other current non-financial liabilities			59,477		1,478		60,955		124,230		2,669		126,899
Total current liabilities			434,237		41,645		475,882		478,587		298,225		776,812

		As of December 31, 2020
Class of liability	Currency	Over 1 year to 2 years		Over 2 years to 3 years		Over 3 years to 4 years		Over 4 years to 5 years		Over 5 years		Total
		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$
Non-current liabilities
Other non-current financial liabilities	USD		-		312,730		69,376		248,664		838,399		1,469,169
Other non-current financial liabilities	CLF		-		-		-		-		430,344		430,344
Subtotal Other non-current financial liabilities			-		312,730		69,376		248,664		1,268,743		1,899,513
Non-current lease liabilities	USD		1,977		-		-		-		4,158		6,135
Non-current lease liabilities	UF		15,258		-		-		-		-		15,258
Non-current lease liabilities	MXN		2,189		-		-		-		-		2,189
Non-current lease liabilities	JPY		1,964		-		-		-		-		1,964
Subtotal non-current lease liabilities			21,388		-		-		-		4,158		25,546
Non-current Trade and other payables	USD		-		4,027		-		-		-		4,027
Subtotal Non-current Trade and other payables			-		4,027		-		-		-		4,027
Other non-current provisions	USD		-		36,391		-		-		26,226		62,617
Subtotal Other non-current provisions			-		36,391		-		-		26,226		62,617
Deferred tax liabilities	USD		-		919		-		-		155,182		156,101
Subtotal Deferred tax liabilities			-		919		-		-		155,182		156,101
Provisions for employee benefits, non-current	USD		31,585		-		-		-		-		31,585
Provisions for employee benefits, non-current	CLP		610		-		-		-		-		610
Provisions for employee benefits, non-current	MXN		-		-		-		-		-		-
Provisions for employee benefits, non-current	JPY		4		-		-		-		-		4
Subtotal Provisions for employee benefits, non-current			32,199		-		-		-		-		32,199
Total non-current liabilities			53,587		354,067		69,376		248,664		1,454,309		2,180,003
Total liabilities													2,655,885

		As of December 31, 2019
Class of liability	Currency	Over 1 year to 2 years		Over 2 years to 3 years		Over 3 years to 4 years		Over 4 years to 5 years		Over 5 years		Total
		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$		ThUS$
Non-current liabilities
Other non-current financial liabilities	USD		89,896		42,336		313,749		13,749		617,055		1,076,785
Other non-current financial liabilities	CLF		-		-		-		-		411,938		411,938
Subtotal Other non-current financial liabilities			89,896		42,336		313,749		13,749		1,028,993		1,488,723
Non-current lease liabilities	USD		-		-		-		-		30,203		30,203
Subtotal non-current lease liabilities			-		-		-		-		30,203		30,203
Non-current Trade and other payables	USD		-		-		-		-		-		-
Subtotal Non-current Trade and other payables			-		-		-		-		-		-
Other non-current provisions	USD		23,014		167		-		1,452		10,057		34,690
Subtotal Other non-current provisions			23,014		167		-		1,452		10,057		34,690
Deferred tax liabilities	USD		-		-		-		-		183,411		183,411
Subtotal Deferred tax liabilities			-		-		-		-		183,411		183,411
Provisions for employee benefits, non-current	USD		-		-		-		-		34,884		34,884
Provisions for employee benefits, non-current	CLP		-		-		-		-		519		519
Provisions for employee benefits, non-current	MXN		-		-		-		-		236		236
Provisions for employee benefits, non-current	JPY		-		-		-		-		201		201
Subtotal Provisions for employee benefits, non-current			-		-		-		-		35,840		35,840
Total non-current liabilities			112,910		42,503		313,749		15,201		1,288,504		1,772,867
Total liabilities													2,549,679

Effect of exchange rate changes on the statement of income

	For the period from January to December of the year
Foreign currency exchange rate changes	2020			2019			2018
	ThUS$			ThUS$			ThUS$
Profit (loss) in foreign currency		(4,423	)		(2,169	)		(16,597	)
Foreign currency translation reserve (*)		14,176			562			(1,394	)
Total		9,753			(1,607	)		(17,991	)

(*) includes MUS$ 14,580, which were transferred through sale of Grupo Tarsa, SQM Eastmed and other smaller companies.

The average and closing exchange rate for foreign currency is revealed in Note 3.3