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Basis of presentation for the consolidated financial statements (Tables) | 12 Months Ended
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Dec. 31, 2022
Basis of presentation for the consolidated financial statements |
Schedule of revised deferred tax assets and liabilities presentation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Original balances | ​ | ​ | ​ | Balances
​ |  | reported as of |  | Reclassification |  | reclassified as of
Items | ​ | December 31, 2021 | ​ | ​ | ​ | December 31, 2021
​ |  | ThUS$ |  | ThUS$ |  | ThUS$
Deferred tax assets |  | — |  | 135,904 |  | 135,904
Deferred tax liabilities |  | 110,416 |  | 135,904 |  | 246,320
​
Schedule of mandatory interpretations and amendments | ​
​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Mandatory for annual periods
Amendments and improvements |  | Description | ​ | beginning on or after
Reference the Conceptual Framework, amendments to IFRS 3 |  | Minor changes were made to the IFRS 3 “Business Combinations” to update the references to the conceptual framework for financial reporting without changing the requirements for business combinations. |  | 01-01-2022
Amendment to IAS 16, "Property, Plant and Equipment." |  | Prohibits a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use. Instead, a company will recognize such sales proceeds and related cost in profit or loss. |  | 01-01-2022
Amendment to IAS 37, "Provisions, Contingent Liabilities and Contingent Assets". | ​ | Clarifies for onerous contracts what unavoidable costs a company must include to evaluate whether a contract generates losses. | ​ | 01-01-2022
Annual Improvements to IFRS Standards 2018-2020 The following improvements were finalized in May 2020: | ​ | ​ | ​ | ​
IFRS 9 Financial Instruments. | ​ | Clarifies what fees must be included in the "10 percent" test when evaluating whether to derecognize a financial liability | ​ | 01-01-2022
IFRS 16 Leases | ​ | The amendment to illustrative example 13 removes the illustration of the reimbursement of improvements to the leased asset made by the lessor to resolve any potential confusion in the treatment of lease incentives. | ​ | 01-01-2022
​
Schedule of interpretations and amendments issued, but not effective | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Mandatory for annual periods
Standards and Interpretations |  | Description |  | beginning on or after
Amendment to IAS 1 “Presentation of financial statements” on classification of liabilities. | ​ | These amendments clarify that the liabilities will be classified as current or non-current depending on the rights that exist at the close of the reporting period. The classification is not affected by the expectations of the entity or the events subsequent to the report date (for example, the receipt of a waiver or noncompliance with the pact). The amendment also clarifies what IAS 1 means when referring to “liquidation” of a liability. The amendment must be applied retroactively in accordance with IAS 8. Effective date of application January 1, 2022; however, such date was deferred to January 1, 2024. | ​ | 01-01-2024
Amendment to IAS 1 “Non-current liabilities with covenants”. | ​ | The amendment is aimed at improving the information that an entity provides when the payment terms of its liabilities can be deferred depending on compliance with covenants within the twelve months following the date of issue of the financial statements. | ​ | 01-01-2024
Amendments to IFRS 16 “Leases” | ​ | On sales with leaseback, which explains how an entity should recognize the rights to use the asset and how the profits or losses from the sale and leaseback should be recognized in the financial statements. | ​ | 01-01-2024
Amendments to IAS 1: “Presentation of the Financial Statements” and IAS 8 “Accounting policies, changes in accounting estimates and errors”. | ​ | The amendments are intended to improve disclosures of accounting policies and to help users of financial statements distinguish between changes in accounting estimates and changes in accounting policies. | ​ | 01-01-2023
Amendment to IAS 12 - Deferred taxes related to assets and liabilities that arise from a single transaction. | ​ | These amendments require companies to recognize deferred taxes on transactions that result in equal amounts in taxable and deductible temporary differences in the initial recognition. | ​ | 01-01-2023
Amendment to IFRS 10 “Consolidated Financial Statements” and IAS 28 “Investments in Associates and Joint Ventures”, Published in September 2014. | ​ | These amendments address an inconsistency between the requirements in IFRS 10 and those in IAS 28 in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognized when a transaction involves a business -whether it is housed in a subsidiary or not. A partial gain or loss is recognized when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary. | ​ | undetermined
​
Schedule of detailed information about subsidiaries | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Country of |  | Functional | ​ | Ownership Interest
Subsidiaries | ​ | TAX ID No. | ​ | Address | ​ | Incorporation |  | Currency | ​ | Direct | ​ | Indirect | ​ | Total
SQM Nitratos S.A. |  | 96.592.190-7 |  | El Trovador 4285, Las Condes |  | Chile | ​ | Dollar | ​ | 99.9999 | ​ | 0.0001 | ​ | 100.0000
SQM Potasio S.A. |  | 96.651.060-9 |  | El Trovador 4285, Las Condes |  | Chile | ​ | Dollar | ​ | 99.9999 | ​ | 0.0001 | ​ | 100.0000
Serv. Integrales de Tránsito y Transf. S.A. | ​ | 79.770.780-5 | ​ | Arturo Prat 1060, Tocopilla | ​ | Chile | ​ | Dollar | ​ | 0.0003 | ​ | 99.9997 | ​ | 100.0000
Isapre Norte Grande Ltda. | ​ | 79.906.120-1 | ​ | Aníbal Pinto 3228, Antofagasta | ​ | Chile | ​ | Peso | ​ | 1.0000 | ​ | 99.0000 | ​ | 100.0000
Ajay SQM Chile S.A. | ​ | 96.592.180-K | ​ | Av. Pdte. Eduardo Frei 4900, Santiago | ​ | Chile | ​ | Dollar | ​ | 51.000 | ​ | - | ​ | 51.000
Almacenes y Depósitos Ltda. | ​ | 79.876.080-7 | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Peso | ​ | 1.0000 | ​ | 99.0000 | ​ | 100.0000
SQM Salar S.A. | ​ | 79.626.800-K | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Dollar | ​ | 18.1800 | ​ | 81.8200 | ​ | 100.0000
SQM Industrial S.A. | ​ | 79.947.100-0 | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Dollar | ​ | 99.0470 | ​ | 0.9530 | ​ | 100.0000
Exploraciones Mineras S.A. | ​ | 76.425.380-9 | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Dollar | ​ | 0.2691 | ​ | 99.7309 | ​ | 100.0000
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. | ​ | 76.534.490-5 | ​ | Aníbal Pinto 3228, Antofagasta | ​ | Chile | ​ | Peso | ​ | - | ​ | 100.0000 | ​ | 100.0000
Soquimich Comercial S.A. | ​ | 79.768.170-9 | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Dollar | ​ | - | ​ | 60.6383 | ​ | 60.6383
Comercial Agrorama Ltda. (1) | ​ | 76.064.419-6 | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Dollar | ​ | - | ​ | 60.6383 | ​ | 60.6383
Comercial Hydro S.A. | ​ | 96.801.610-5 | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
Agrorama S.A. | ​ | 76.145.229-0 | ​ | El Trovador 4285, Las Condes | ​ | Chile | ​ | Dollar | ​ | - | ​ | 60.6383 | ​ | 60.6383
Orcoma Estudios SPA | ​ | 76.359.919-1 | ​ | Apoquindo 3721 OF 131, Las Condes | ​ | Chile | ​ | Dollar | ​ | 100.0000 | ​ | - | ​ | 100.0000
Orcoma SPA | ​ | 76.360.575-2 | ​ | Apoquindo 3721 OF 131, Las Condes | ​ | Chile | ​ | Dollar | ​ | 100.0000 | ​ | - | ​ | 100.0000
SQM MaG SpA | ​ | 76.686.311-9 | ​ | Los Militares 4290, Las Condes | ​ | Chile | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
Sociedad Contractual Minera Búfalo | ​ | 77.114.779-8 | ​ | Los Militares 4290, Las Condes | ​ | Chile | ​ | Dollar | ​ | 99.9000 | ​ | 0.1000 | ​ | 100.0000
SQM North America Corp. | ​ | Foreign | ​ | 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA | ​ | United States of America | ​ | Dollar | ​ | 40.0000 | ​ | 60.0000 | ​ | 100.0000
RS Agro Chemical Trading Corporation A.V.V. | ​ | Foreign | ​ | Caya Ernesto O. Petronia 17, Orangestad | ​ | Aruba | ​ | Dollar | ​ | 98.3333 | ​ | 1.6667 | ​ | 100.0000
Nitratos Naturais do Chile Ltda. | ​ | Foreign | ​ | Al. Tocantis 75, 6° Andar, Conunto 608 Edif. West Gate, Alphaville Barureri, CEP 06455-020, Sao Paulo | ​ | Brazil | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Corporation N.V. | ​ | Foreign | ​ | Pietermaai 123, P.O. Box 897, Willemstad, Curacao | ​ | Curacao | ​ | Dollar | ​ | 0.0002 | ​ | 99.9998 | ​ | 100.0000
SQM Perú S.A. (2) | ​ | Foreign | ​ | Avenida Camino Real N° 348 of. 702, San Isidro, Lima | ​ | Perú | ​ | Dollar | ​ | 0.0091 | ​ | 99.9909 | ​ | 100.0000
SQM Ecuador S.A. | ​ | Foreign | ​ | Av. José Orrantia y Av. Juan Tanca Marengo Edificio Executive Center Piso 2 Oficina 211 | ​ | Ecuador | ​ | Dollar | ​ | 0.00401 | ​ | 99.9960 | ​ | 100.0000
SQM Brasil Ltda. | ​ | Foreign | ​ | Al. Tocantis 75, 6° Andar, Conunto 608 Edif. West Gate, Alphaville Barureri, CEP 06455-020, Sao Paulo | ​ | Brazil | ​ | Dollar | ​ | 0.5800 | ​ | 99.4200 | ​ | 100.0000
SQMC Holding Corporation. | ​ | Foreign | ​ | 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta | ​ | United States of America | ​ | Dollar | ​ | 0.1000 | ​ | 99.9000 | ​ | 100.0000
SQM Japan Co. Ltd. | ​ | Foreign | ​ | From 1st Bldg 207, 5-3-10 Minami- Aoyama, Minato-ku, Tokio | ​ | Japan | ​ | Dollar | ​ | 0.1597 | ​ | 99.8403 | ​ | 100.0000
​
| (1) | has control over the administration of Comercial Agrorama Ltda.
| (2) | SQM Perú has been liquidated as of December 31, 2022.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Country of |  | Functional | ​ | Ownership Interest
Subsidiaries | ​ | TAX ID No. | ​ | Address | ​ | Incorporation |  | Currency | ​ | Direct | ​ | Indirect | ​ | Total
SQM Europe N.V. |  | Foreign |  | Houtdok-Noordkaai 25a B-2030 Amberes |  | Belgium | ​ | Dollar | ​ | 0.5800 | ​ | 99.4200 | ​ | 100.0000
SQM Indonesia S.A. |  | Foreign |  | Perumahan Bumi Dirgantara Permai, Jl Suryadarma Blok Aw No 15 Rt 01/09 17436 Jatisari Pondok Gede |  | Indonesia | ​ | Dollar | ​ | - | ​ | 80.0000 | ​ | 80.0000
North American Trading Company | ​ | Foreign | ​ | 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA | ​ | United States of America | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Virginia LLC | ​ | Foreign | ​ | 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA | ​ | United States of America | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Comercial de México S.A. de C.V. | ​ | Foreign | ​ | Av. Moctezuma 144-4 Ciudad del Sol. CP 45050, Zapopan, Jalisco México | ​ | México | ​ | Dollar | ​ | 0.0100 | ​ | 99.9900 | ​ | 100.0000
SQM Investment Corporation N.V. | ​ | Foreign | ​ | Pietermaai 123, P.O. Box 897, Willemstad, Curacao | ​ | Curacao | ​ | Dollar | ​ | 1.0000 | ​ | 99.0000 | ​ | 100.0000
Royal Seed Trading Corporation A.V.V. | ​ | Foreign | ​ | Caya Ernesto O. Petronia 17, Orangestad | ​ | Aruba | ​ | Dollar | ​ | 1.6700 | ​ | 98.3300 | ​ | 100.0000
SQM Lithium Specialties Limited Partnership | ​ | Foreign | ​ | 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA | ​ | United States of America | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
Comercial Caimán Internacional S.A. | ​ | Foreign | ​ | Edificio Plaza Bancomer | ​ | Panamá | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM France S.A. | ​ | Foreign | ​ | ZAC des Pommiers 27930 FAUVILLE | ​ | France | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
Administración y Servicios Santiago S.A. de C.V. | ​ | Foreign | ​ | Av. Moctezuma 144-4 Ciudad del Sol, CP 45050, Zapopan, Jalisco México | ​ | México | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Nitratos México S.A. de C.V. | ​ | Foreign | ​ | Av. Moctezuma 144-4 Ciudad del Sol, CP 45050, Zapopan, Jalisco México | ​ | México | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
Soquimich European Holding B.V. | ​ | Foreign | ​ | Luna Arena, Herikerbergweg 238 1101 CM Amsterdan | ​ | Holland | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Iberian S.A. | ​ | Foreign | ​ | Provenza 251 Principal 1a CP 08008, Barcelona | ​ | Spain | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM África Pty Ltd. | ​ | Foreign | ​ | Tramore House, 3 Wterford Office Park, Waterford Drive, 2191 Fourways, Johannesburg | ​ | South Africa | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Oceanía Pty Ltd. | ​ | Foreign | ​ | Level 9, 50 Park Street, Sydney NSW 2000, Sydney | ​ | Australia | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Beijing Commercial Co. Ltd. | ​ | Foreign | ​ | Room 1001C, CBD International Mansion N 16 Yong An Dong Li, Jian Wai Ave Beijing 100022, P.R. | ​ | China | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Thailand Limited | ​ | Foreign | ​ | Unit 2962, Level 29, N° 388, Exchange Tower Sukhumvit Road, Klongtoey Bangkok | ​ | Thailand | ​ | Dollar | ​ | - | ​ | 99.9980 | ​ | 99.9980
SQM Colombia SAS | ​ | Foreign | ​ | Cra 7 No 32 – 33 piso 29 Pbx: (571) 3384904 Fax: (571) 3384905 Bogotá D.C. – Colombia. | ​ | Colombia | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Australia PTY | ​ | Foreign | ​ | Level 16, 201 Elizabeth Street Sydney | ​ | Australia | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM International N.V. | ​ | Foreign | ​ | Houtdok-Noordkaai 25a B-2030 Amberes | ​ | Belgium | ​ | Dollar | ​ | 0.5800 | ​ | 99.4200 | ​ | 100.0000
SQM (Shanghai) Chemicals Co. Ltd. | ​ | Foreign | ​ | Room 4703-33, 47F, No.300 Middle Huaihai Road, Huangpu district, Shanghai | ​ | China | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Korea LLC | ​ | Foreign | ​ | Suite 22, Kyobo Building, 15th Floor, 1 Jongno Jongno-gu, Seoul, 03154 South Korea | ​ | Korea | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
SQM Holland B.V. | ​ | Foreign | ​ | Herikerbergweg 238, 1101 CM Amsterdam Zuidoost | ​ | Holland | ​ | Dollar | ​ | - | ​ | 100.0000 | ​ | 100.0000
​

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