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Financial risk management (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure Of Financial Risk Management Explanatory [Abstract]  
Disclosure of credit risk exposure [text block]
The credit quality of financial assets that are not past due or impaired can be evaluated by reference to external credit ratings (if they are available) or historical information on counterparty late payment rates:
 
Financial institution
 
Financial assets
 
Rating
 
 
As of
December
31, 2020
 
 
 
 
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco de Crédito e Inversiones Time deposits  
P-1
   
A-1
   -   9,002 
Banco de Chile Time deposits  
P-1
   
A-1
   -   10,503 
Banco Estado Time deposits  
P-1
   
A-1
   -   1,001 
Banco Itau Corpbanca Time deposits  
P-2
   
A-2
   -   7,299 
Banco Santander – Santiago Time deposits  
P-1
   
A-1
   -   16,702 
Scotiabank Sud Americano Time deposits  -   -   
F1+
   7,002 
JP Morgan US dollar Liquidity Fund Institutional Investment fund  
Aaa-mf
   
AAAm
   
AAAmmf
   102,753 
Legg Mason - Western Asset Institutional cash reserves Investment fund  -   
AAAm
   
AAAmmf
   107,625 
Other banks with lower balances Time deposits  -   -   -   86 
Total
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
261,973
 
 
Financial institution
 
Financial assets
 
Rating
 
 
As of
December
31, 2020
 
   
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco de Crédito e Inversiones 90 days to 1 year  
P-1
   
A-1
   -   185,589 
Banco Itaú Corpbanca 90 days to 1 year  
P-2
   
A-2
   -   49,006 
Banco Santander - Santiago 90 days to 1 year  
P-1
   
A-1
   -   45,168 
Banco Scotiabank Sud Americano 90 days to 1 year  -   -   
F1+
   31,668 
JP Morgan Asset Management 90 days to 1 year  
P-1
   
A-1
   
N1+
   34,028 
Total
 
 
 
   
 
   
 
   
 
 
345,459
 
 
 Financial institution
 
Financial assets
 
Rating
 
 
As of
December
31, 2019
 
   
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco de Chile Time deposits  
P-1
   
A-1
   -   50,221 
Banco de Crédito e Inversiones Time deposits  
P-1
   
A-1
   -   42,096 
Banco Itaú Corpbanca Time deposits  
P-2
   
A-2
   -   39,093 
Banco Santander Time deposits  
P-1
   
A-1
   -   2,708 
Scotiabank Sud Americano Time deposits  -   -   
F1+
   14,428 
Banco Estado Time deposits  
P-1
   
A-1
   -   500 
BBVA Banco Francés Time deposits  -   -   -   53 
JP Morgan US dollar Liquidity Fund Institutional Investment fund  
Aaa-mf
   
AAAm
   
AAAmmf
   181,155 
Legg Mason - Western Asset Institutional cash reserves Investment fund  -   
AAAm
   
AAAmmf
   146,078 
Total
 
 
 
   
 
   
 
   
 
 
476,332
 
 
 Financial institution
 
 Financial assets
 
Rating
 
 
As of
December
31, 2019
 
   
 
Moody´s
 
 
S&P
 
 
Fitch
 
 
ThUS$
 
Banco Scotiabank Sud Americano 90 days to 1 year  
P-2
   -   -   54,180 
Banco de Crédito e Inversiones 90 days to 1 year  
P-1
   
A-1
   -   178,448 
Banco Santander (*) 90 days to 1 year  
P-1
   
A-1
   -   74,365 
Banco Itau Corpbanca 90 days to 1 year  
P-2
   
A-2
   -   127,579 
Banco Security 90 days to 1 year  -   
A-2
   
F2
   17,965 
Banco de Chile 90 days to 1 year  -   -   -   18,026 
Banco Estado 90 days to 1 year  
P-1
   
A-1
   -   15,126 
Total
 
 
 
   
 
   
 
   
 
 
485,689
 
 
(*) This includes ThUS$ 1,870 associated with collateral in guarantee used to reduce the liquidity risk.
Disclosure of cash and cash equivalents of cashflows [Text Block]
The position in other cash and cash equivalents are invested in highly liquid mutual funds with an AAA risk rating.
 
 (1)Unsecured obligations are presented on a contractual basis and have no effects related to anticipated redemptions.
 
 
 
Nature of undiscounted cash flows
 
As of December 31, 2020
(figures expressed in millions of US dollars)
 
Carrying
amount
 
 
Less than 1 year
 
 
1 to 5 years
 
 
Over 5 years
 
 
Total
 
Bank borrowings  70.08   0.94   71.40   -   72.34 
Unsecured obligations (1)  1,872.09   88.22   927.17   1,727.14   2,742.53 
Sub total
 
 
1,942.17
 
 
 
89.16
 
 
 
998.57
 
 
 
1,727.14
 
 
 
2,814.87
 
Hedging liabilities  40.21   6.06   12.34   11.07   29.47 
Derivative financial instruments  5.39   5.39   -   -   5.39 
Sub total
 
 
45.60
 
 
 
11.45
 
 
 
12.34
 
 
 
11.07
 
 
 
34.86
 
Current and non-current lease liabilities  31.07   6.40   21.04   7.17   34.61 
Trade accounts payable and other accounts payable  203.93   203.93   -   -   203.93 
Total
 
 
2,222.77
 
 
 
310.94
 
 
 
1,031.95
 
 
 
1,745.38
 
 
 
3,088.27
 
 
 
 
Nature of undiscounted cash flows
 
As of December 31, 2019
(figures expressed in millions of US dollars)
 
Carrying
amount
 
 
Less than 1 year
 
 
1 to 5 years
 
 
Over 5 years
 
 
Total
 
Bank borrowings  70.19   2.17   74.87   -   77.04 
Unsecured obligations  1,697.11   326.34   614.29   1,184.38   2,125.01 
Sub total
 
 
1,767.30
 
 
 
328.51
 
 
 
689.16
 
 
 
1,184.38
 
 
 
2,202.05
 
Hedging liabilities  23.66   6.57   24.33   32.37   63.27 
Derivative financial instruments  3.17   3.17   -   -   3.17 
Sub total
 
 
26.83
 
 
 
9.74
 
 
 
24.33
 
 
 
32.37
 
 
 
66.44
 
Current and non-current lease liabilities  37.90   8.90   23.01   10.27   42.18 
Trade accounts payable and other accounts payable  205.79   205.79   -   -   205.79 
Total
 
 
2,037.82
 
 
 
552.94
 
 
 
736.50
 
 
 
1,227.02
 
 
 
2,516.46
 
  
 
 
 
1
All current assets divided by all current liabilities.