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Intangible assets and goodwill | 12 Months Ended
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Dec. 31, 2022
Intangible assets and goodwill. |
Intangible assets and goodwill | ​ Note 14 Intangible assets and goodwill 14.1Reconciliation of changes in intangible assets and goodwill ​
​ | ​ | ​ | ​ | ​
As of December 31, 2022
Intangible assets and goodwill |  | Useful life |  | Net Value
​ | ​ | ​ | ​ | ThUS$
IT programs |  | Finite |  | 3,249
Mining rights |  | Finite |  | 140,873
Water rights and rights of way |  | Indefinite |  | 4,909
Water rights |  | Finite |  | 11,369
Intellectual property |  | Finite |  | 5,850
Other intangible assets |  | Finite |  | 86
Intangible assets other than goodwill |  |  |  | 166,336
Goodwill |  | Indefinite |  | 967
Total Intangible Asset |  |  |  | 167,303
​
​ | ​ | ​ | ​ | ​
As of December 31, 2021
Intangible assets and goodwill |  | Useful life |  | Net Value
​ | ​ | ​ | ​ | ThUS$
IT programs |  | Finite |  | 3,447
Mining rights |  | Finite |  | 149,532
Water rights and rights of way |  | Indefinite |  | 4,909
Water rights |  | Finite |  | 15,158
Intellectual property |  | Finite |  | 6,481
Other intangible assets |  | Finite |  | 131
Intangible assets other than goodwill |  |  |  | 179,658
Goodwill |  | Indefinite |  | 34,596
Total Intangible Asset |  |  |  | 214,254
​
a) | Movements in identifiable intangible assets as of December 31, 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Water rights, | ​ | ​ | ​ | Customer- | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Movements in identifiable intangible assets | ​ | ​ | ​ | Mining rights, | ​ | and rights of | ​ | Water rights | ​ | related | ​ | Intellectual | ​ | Other intangible | ​ | ​ | ​ | ​
​ |  | IT programs |  | Finite |  | way, Indefinite |  | Finite |  | intangible assets |  | property |  | assets |  | Goodwill |  | Total
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
As of January 1, 2022 |  | 3,447 |  | 149,532 |  | 4,909 |  | 15,158 |  | — |  | 6,481 |  | 131 |  | 34,596 |  | 214,254
Additions |  | 349 |  | 1,141 |  | — |  | — |  | — |  | — |  | 14 |  | — |  | 1,504
Amortization for the year |  | (1,039) |  | (8,482) |  | — |  | (3,789) |  | — |  | (476) |  | (59) |  | — |  | (13,845)
Impairment losses recognized in profit or loss for the year (2) |  | — |  | (1,228) |  | — |  | — |  | — |  | — |  | — |  | (33,629) |  | (34,857)
Other increases / decreases for foreign currency exchange rates |  | (4) |  | — |  | — |  | — |  | — |  | (155) |  | — |  | — |  | (159)
Decreases through sale |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Transferred from available for sale |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Other increases (decreases) |  | 496 |  | (90) |  | — |  | — |  | — |  | — |  | — |  | — |  | 406
Subtotal |  | (198) |  | (8,659) |  | — |  | (3,789) |  | — |  | (631) |  | (45) |  | (33,629) |  | (46,951)
As of December 31,2022 |  | 3,249 |  | 140,873 |  | 4,909 |  | 11,369 |  | — |  | 5,850 |  | 86 |  | 967 |  | 167,303
Historical cost |  | 36,457 |  | 162,716 |  | 7,420 |  | 18,000 |  | 1,778 |  | 7,215 |  | 2,291 |  | 4,501 |  | 240,378
Accumulated amortization | ​ | (33,208) | ​ | (21,843) | ​ | (2,511) | ​ | (6,631) | ​ | (1,778) | ​ | (1,365) | ​ | (2,205) | ​ | (3,534) | ​ | (73,075)
As of January 1, 2021 |  | 3,447 |  | 149,532 |  | 4,909 |  | 15,158 |  | — |  | 6,481 |  | 131 |  | 34,596 |  | 214,254
Additions |  | 296 |  | 344 |  | — |  | — |  | — |  | — |  | 9 |  | — |  | 649
Amortization for the year |  | (1,716) |  | (2,863) |  | — |  | (2,842) |  | — |  | (889) |  | (64) |  | — |  | (8,374)
Impairment losses recognized in profit or loss for the year (1) |  | — |  | (48) |  | (430) |  | — |  | — |  | — |  | — |  | — |  | (478)
Other increases / decreases for foreign currency exchange rates |  | (17) |  | 2,283 |  | (4) |  | — |  | — |  | — |  | (6) |  | — |  | 2,256
Decreases through sale |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Transferred from available for sale |  | — |  | 16 |  | — |  | — |  | — |  | — |  | — |  | — |  | 16
Other increases (decreases) |  | 58 |  | (246) |  | — |  | — |  | — |  | 7,370 |  | — |  | (7,370) |  | (188)
Subtotal |  | (1,379) |  | (514) |  | (434) |  | (2,842) |  | — |  | 6,481 |  | (61) |  | (7,370) |  | (6,119)
As of December 31,2021 |  | 3,447 |  | 149,532 |  | 4,909 |  | 15,158 |  | — |  | 6,481 |  | 131 |  | 34,596 |  | 214,254
Historical cost |  | 35,616 |  | 162,893 |  | 7,420 |  | 18,000 |  | 1,778 |  | 7,370 |  | 2,277 |  | 38,130 |  | 273,484
Accumulated amortization | ​ | (32,169) | ​ | (13,361) | ​ | (2,511) | ​ | (2,842) | ​ | (1,778) | ​ | (889) | ​ | (2,146) | ​ | (3,534) | ​ | (59,230)
(1) | See Note 21.5
(2) | A determination made in the fourth quarter of 2022 led to the identification of assets that are not in the company’s long-term business plan. Therefore, the Company recognized impairment for the value of certain intangible assets and associated goodwill in an amount of ThUS$34,149, which are related to the Iodine and Derivatives Cash Generating Unit.
(b) | Movements in identifiable goodwill as of December 31, 2022 and 2021:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated impairment |  | Goodwill at the beginning |  | Additional |  | Impairment losses recognized in |  | Total increase |  | Ending balance as of december 31, 2022
Movements in identifiable goodwill | ​ | of period January 1, 2022 | ​ | recognition | ​ | profit or loss for the year (-) | ​ | (decrease) | ​ | ​
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM S.A. |  | 22,255 |  | — |  | (22,255) |  | (22,255) |  | —
SQM Iberian S.A. |  | 148 |  | — |  | — |  | — |  | 148
SQM Investment Corporation |  | 86 |  | — |  | — |  | — |  | 86
Soquimich European Holding B.V. |  | 11,383 |  | — |  | (11,374) |  | (11,374) |  | 9
SQM Potasio S.A. |  | 724 |  | — |  | — |  | — |  | 724
Ending balance as of December 31,2022 |  | 34,596 |  | — |  | (33,629) |  | (33,629) |  | 967
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated impairment |  | Goodwill at the beginning |  | Additional |  | Impairment losses recognized in |  | Total increase |  | Ending balance as of december 31, 2021
Movements in identifiable goodwill | ​ | of period January 1, 2021 | ​ | recognition | ​ | profit or loss for the year (-) | ​ | (decrease) | ​ | ​
​ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM S.A. |  | 22,255 |  | — |  | — |  | — |  | 22,255
SQM Iberian S.A. |  | 148 |  | — |  | — |  | — |  | 148
SQM Investment Corporation |  | 86 |  | — |  | — |  | — |  | 86
Soquimich European Holding B.V. |  | 11,383 |  | — |  | — |  | — |  | 11,383
SQM Holland B.V. (*) |  | 7,370 |  | — |  | — |  | (7,370) |  | —
SQM Potasio S.A. |  | 724 |  | — |  | — |  | — |  | 724
Ending balance as of December 31,2021 |  | 41,966 |  | — |  | — |  | (7,370) |  | 34,596
(*) The measurement of assets and liabilities related to the acquisition of WNSPK (see Note 7) was completed in 2021 and as a result ThUS$ 7,370 were identified as intellectual property and reclassified from goodwill as a consequence.

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