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v3.23.1

Related party disclosures | 12 Months Ended
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Dec. 31, 2022
Related party disclosures |
Related party disclosures | Note 11Related party disclosures 11.1Related party disclosures Balances pending at period-end are not guaranteed, accrue no interest and are settled in cash, no guarantees have been delivered or received for trade and other receivables due from related parties or trade and other payables due to related parties. 11.2Relationships between the parent and the entity Pursuant to Article 99 of Law of the Securities Market Law, the CMF may determine that a company does not have a controlling entity in accordance with the distribution and dispersion of its ownership. On November 30, 2018, the CMF issued the ordinary letter No. 32,131 whereby it determined that Pampa Group, do not exert decisive power over the management of the Company since it does not have a predominance in the ownership that allows it to make management decisions. Therefore, the CMF has determined not to consider Pampa Group as the controlling entity of the Company and that the Company does not have a controlling entity given its current ownership structure. ​ 11.3Detailed identification of related parties and subsidiaries As of December 31, 2022 and 2021, the detail of entities that are identified as subsidiaries or related parties of the SQM Group is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax ID No |  | Name |  | Country of origin |  | Functional currency |  | Nature
Foreign |  | Nitratos Naturais Do Chile Ltda. |  | Brazil |  | Dollar |  | Subsidiary
Foreign |  | SQM North America Corp. |  | United States |  | Dollar |  | Subsidiary
Foreign |  | SQM Europe N.V. |  | Belgium |  | Dollar |  | Subsidiary
Foreign |  | Soquimich European Holding B.V. |  | Netherlands |  | Dollar |  | Subsidiary
Foreign |  | SQM Corporation N.V. |  | Curacao |  | Dollar |  | Subsidiary
Foreign |  | SQM Comercial De México S.A. de C.V. |  | Mexico |  | Dollar |  | Subsidiary
Foreign |  | North American Trading Company |  | United States |  | Dollar |  | Subsidiary
Foreign |  | Administración y Servicios Santiago S.A. de C.V. |  | Mexico |  | Dollar |  | Subsidiary
Foreign |  | SQM Perú S.A. (3) |  | Peru |  | Dollar |  | Subsidiary
Foreign |  | SQM Ecuador S.A. |  | Ecuador |  | Dollar |  | Subsidiary
Foreign |  | SQM Nitratos Mexico S.A. de C.V. |  | Mexico |  | Dollar |  | Subsidiary
Foreign |  | SQMC Holding Corporation L.L.P. |  | United States |  | Dollar |  | Subsidiary
Foreign |  | SQM Investment Corporation N.V. |  | Curacao |  | Dollar |  | Subsidiary
Foreign |  | SQM Brasil Limitada |  | Brazil |  | Dollar |  | Subsidiary
Foreign |  | SQM France S.A. |  | France |  | Dollar |  | Subsidiary
Foreign |  | SQM Japan Co. Ltd. |  | Japan |  | Dollar |  | Subsidiary
Foreign |  | Royal Seed Trading Corporation A.V.V. |  | Aruba |  | Dollar |  | Subsidiary
Foreign |  | SQM Oceania Pty Limited |  | Australia |  | Dollar |  | Subsidiary
Foreign |  | Rs Agro-Chemical Trading Corporation A.V.V. |  | Aruba |  | Dollar |  | Subsidiary
Foreign |  | SQM Indonesia S.A. |  | Indonesia |  | Dollar |  | Subsidiary
Foreign |  | SQM Virginia L.L.C. |  | United States |  | Dollar |  | Subsidiary
Foreign |  | Comercial Caimán Internacional S.A. |  | Panama |  | Dollar |  | Subsidiary
Foreign |  | SQM África Pty. Ltd. |  | South Africa |  | Dollar |  | Subsidiary
Foreign |  | SQM Colombia SAS |  | Colombia |  | Dollar |  | Subsidiary
Foreign |  | SQM Internacional N.V. |  | Belgium |  | Dollar |  | Subsidiary
Foreign |  | SQM -Shanghai Chemicals Co. Ltd. |  | China |  | Dollar |  | Subsidiary
Foreign |  | SQM Lithium Specialties LLC |  | United States |  | Dollar |  | Subsidiary
Foreign |  | SQM Iberian S.A. |  | Spain |  | Dollar |  | Subsidiary
Foreign |  | SQM Beijing Commercial Co. Ltd. |  | China |  | Dollar |  | Subsidiary
Foreign |  | SQM Thailand Limited |  | Thailand |  | Dollar |  | Subsidiary
Foreign |  | SQM Australia PTY |  | Australia |  | Dollar |  | Subsidiary
Foreign |  | SQM Holland B.V. |  | Netherlands |  | Dollar |  | Subsidiary
Foreign |  | SQM Korea LLC |  | Korea |  | Dollar |  | Subsidiary
96.801.610-5 |  | Comercial Hydro S.A. |  | Chile |  | Dollar |  | Subsidiary
96.651.060-9 |  | SQM Potasio S.A. |  | Chile |  | Dollar |  | Subsidiary
96.592.190-7 |  | SQM Nitratos S.A. |  | Chile |  | Dollar |  | Subsidiary
96.592.180-K |  | Ajay SQM Chile S.A. |  | Chile |  | Dollar |  | Subsidiary
79.947.100-0 |  | SQM Industrial S.A. |  | Chile |  | Dollar |  | Subsidiary
79.906.120-1 |  | Isapre Norte Grande Ltda. |  | Chile |  | Peso |  | Subsidiary
79.876.080-7 |  | Almacenes y Depósitos Ltda. |  | Chile |  | Peso |  | Subsidiary
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax ID No |  | Name |  | Country of origin |  | Functional currency |  | Nature
79.770.780-5 |  | Servicios Integrales de Tránsitos y Transferencias S.A. |  | Chile |  | Dollar |  | Subsidiary
79.768.170-9 |  | Soquimich Comercial S.A. |  | Chile |  | Dollar |  | Subsidiary
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Dollar |  | Subsidiary
76.534.490-5 |  | Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. |  | Chile |  | Peso |  | Subsidiary
76.425.380-9 |  | Exploraciones Mineras S.A. |  | Chile |  | Dollar |  | Subsidiary
76.064.419-6 |  | Comercial Agrorama Ltda. |  | Chile |  | Peso |  | Subsidiary
76.145.229-0 |  | Agrorama S.A. |  | Chile |  | Peso |  | Subsidiary
76.359.919-1 |  | Orcoma Estudios SPA |  | Chile |  | Dollar |  | Subsidiary
76.360.575-2 |  | Orcoma SPA |  | Chile |  | Dollar |  | Subsidiary
76.686.311-9 |  | SQM MaG SpA |  | Chile |  | Dollar |  | Subsidiary
77.114.779-8 |  | Sociedad Contractual Minera Bufalo |  | Chile |  | Dollar |  | Subsidiary
Foreign |  | Abu Dhabi Fertilizer Industries WWL |  | United Arab Emirates |  | Arab Emirates dirham |  | Associate
Foreign |  | Ajay North America |  | United States |  | Dollar |  | Associate
Foreign |  | Ajay Europe SARL |  | France |  | Euro |  | Associate
Foreign |  | Kore Potash PLC |  | United Kingdom |  | Dollar |  | Associate
Foreign |  | SQM Vitas Fzco. |  | United Arab Emirates |  | Arab Emirates dirham |  | Joint venture
Foreign |  | Covalent Lithium Pty Ltd. |  | Australia |  | Dollar |  | Joint venture
Foreign |  | Pavoni & C, SPA |  | Italy |  | Euro |  | Joint venture
96.511.530-7 |  | Sociedad de Inversiones Pampa Calichera |  | Chile |  | Dollar |  | Other related parties
96.529.340-K |  | Norte Grande S.A. |  | Chile |  | Peso |  | Other related parties
79.049.778-9 |  | Callegari Agrícola S.A. |  | Chile |  | Peso |  | Other related parties
Foreign |  | SQM Vitas Brasil Agroindustria (1) |  | Brazil |  | Brazilian real |  | Other related parties
Foreign |  | SQM Vitas Perú S.A.C. (1) |  | Peru |  | Dollar |  | Other related parties
Foreign |  | Abu Dhabi Fertilizer Industries WWL (2) |  | United Arab Emirates |  | United Arab Emirates dirham |  | Other related parties
Foreign |  | International Technical and Trading Agencies CO WLL (2) |  | United Arab Emirates |  | United Arab Emirates dirham |  | Other related parties
(1) | These Companies are subsidiaries of the joint venture SQM Vitas Fzco.
(2) | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL Ltda. and therefore it consolidates them and presents all their assets and liabilities.
(3) | This company was liquidated in December 2022.
The following entity was considered related party as of December 31, 2021: Sichuan SQM Migao Chemical Fertilizers Co Ltd. The following entities were considered related parties as of December 31, 2020 (see Note 7.3 letter c and Note 8.4 letter b): SQI Corporation N.V., SQM Italia SRL, Doktor Tarsa Tarim, SQM Eastmed Turkey, Terra Tarsa Ukraine LLC, Terra Tarsa B.V., Plantacote N.V., Terra Tarsa Don LLC, Doktolab Tarim Arastirma San., Doctochem Tarim Sanayi Ticaret Ltd. STI, Coromandel SQM India Sichuan SQM Migao Chemical Fertilizers Co Ltd. and Arpa Speciali S.R.L. ​ The following other related parties correspond to mining contractual corporations. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax ID No. |  | Name |  | Country of origin |  | Functional currency |  | Relationship
N/A |  | Ara Dos Primera del Salar de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Ara Tres Primera del Salar de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Ara Cuatro Primera del Salar de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Ara Cinco Primera del Salar de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Curicó Dos Primera del Salar de Pampa Alta, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Curicó Tres Primera del Sector de Pampa Alta, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Evelyn Veinticuatro Primera de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Filomena Tres Primera de Oficina Filomena, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Filomena Cuatro Primera de Oficina Filomena, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Cuatro Primera de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Cuatro Segunda del Salar de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Cuatro Tercera de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Cuatro Cuarta de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Cuatro Quinta de Pampa Blanca, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Primera del Salar de Pampa Blanca de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Segunda del Salar de Pampa Blanca de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Francis Tercera del Salar de Pampa Blanca de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Ivon Primera de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Ivon Décima Segunda de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Ivon Sexta de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Julia Primera de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Lorena Trigésimo Quinta de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Perseverancia Primera de Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Tamara 40 Primera del Sector S.E. OF. Concepción, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Tamara Tercera de Oficina Concepción, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
N/A |  | Tamara 4 Segunda del Sector S.E. OF Concepción, Sierra Gorda |  | Chile |  | Peso |  | Other related parties
​ Below is a list of transactions with clients and suppliers with whom a relationship with key Company personnel was identified:
​ | ​ | ​ | ​ | ​ | ​ | ​
Tax ID No |  | Name |  | Country of origin |  | Nature
76.389.727-3 |  | Sociedad Periodística El Libero |  | Chile |  | Other related parties
90.193.000-7 |  | El Mercurio S.A.P. |  | Chile |  | Other related parties
92.580.000-7 |  | Empresa Nacional de Telecomunicaciones S.A. |  | Chile |  | Other related parties
96.806.980-2 |  | Entel PCS Telecomunicaciones S.A. |  | Chile |  | Other related parties
97.004.000-5 |  | Banco de Chile |  | Chile |  | Other related parties
99.012.000-5 |  | Compañía de Seguros de Vida Consorcio Nacional |  | Chile |  | Other related parties
10.581.580-8 |  | Gonzalo Guerrero Yamamoto |  | Chile |  | Other related parties
96.529.340-K |  | Norte Grande S.A. |  | Chile |  | Other related parties
65.204.189-2 | ​ | Fundación para el desarrollo social | ​ | Chile |  | Other related parties
82.135.600-8 | ​ | Instituto Chileno administración empresas | ​ | Chile | ​ | Other related parties
​ 11.4Detail of related parties and related party transactions Transactions between the Company and its subsidiaries, associated businesses, joint ventures and other related parties are part of the Company’s common transactions. Their conditions are those customary for this type of transactions in respect of terms and market prices. Maturity terms for each case vary by virtue of the transaction giving rise to them. For the year ended December 31, 2022, 2021 and 2020, the detail of significant transactions with related parties is as follows
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | For the year ended | ​ | For the year ended | ​ | For the year ended
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December | ​ | December | ​ | December
Tax ID No |  | Name |  | Nature |  | Country of origin |  | Transaction |  | 31, 2022 |  | 31, 2021 |  | 31, 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Foreign |  | Doktor Tarsa Tarim Sanayi AS |  | Associate |  | Turkey |  | Sale of products |  | — |  | — |  | 1,053
Foreign |  | Ajay Europe S.A.R.L. |  | Associate |  | France |  | Sale of products |  | 45,205 |  | 35,597 |  | 23,162
Foreign |  | Ajay Europe S.A.R.L. |  | Associate |  | France |  | Dividends |  | 1,778 |  | 992 |  | 1,197
Foreign |  | Ajay North America LL.C. |  | Associate |  | United States |  | Sale of products |  | 41,814 |  | 27,763 |  | 20,259
Foreign |  | Ajay North America LL.C. |  | Associate |  | United States |  | Dividends |  | 1,576 |  | 1,233 |  | 1,967
Foreign |  | Abu Dhabi Fertilizer Industries WWL |  | Associate |  | United Arab Emirates |  | Dividends |  | 3,000 |  | 9,438 |  | —
Foreign |  | Abu Dhabi Fertilizer Industries WWL |  | Associate |  | United Arab Emirates |  | Sale of products |  | — |  | — |  | —
Foreign |  | SQM Vitas Brasil Agroindustria |  | Other related parties |  | Brazil |  | Sale of products |  | 51,748 |  | 79,086 |  | 41,341
Foreign |  | SQM Vitas Perú S.A.C. |  | Other related parties |  | Perú |  | Sale of products |  | 58,077 |  | 17,016 |  | 17,723
Foreign |  | Coromandel SQM India |  | Joint venture |  | India |  | Sale of products |  | — |  | 1,814 |  | 1,510
Foreign |  | SQM Star Qingdao Corp Nutrition Co., Ltd. |  | Joint venture |  | China |  | Dividends |  | — |  | — |  | 2,223
Foreign |  | SQM Star Qingdao Corp Nutrition Co., Ltd. |  | Joint venture |  | China |  | Sale of products |  | — |  | — |  | —
Foreign |  | Terra Tarsa Ukraine LLC |  | Other related parties |  | Ukraine |  | Sale of products |  | — |  | — |  | 737
Foreign |  | Pavoni & CPA |  | Joint venture |  | Italy |  | Sale of products |  | 4,138 |  | 5,359 |  | 1,125
Foreign |  | Plantacote NV |  | Other related parties |  | Belgium |  | Sale of products |  | — |  | — |  | —
Foreign |  | Arpa Speciali S.R.L. |  | Other related parties |  | Italy |  | Sale of products |  | — |  | — |  | —
Foreign |  | Terra Tarsa Don LLC |  | Other related parties |  | Russian Federation |  | Sale of products |  | — |  | — |  | —
Foreign |  | SQM Eastmed Turkey |  | Associate |  | Turkey |  | Sale of products |  | — |  | — |  | —
Chile |  | Banco de Chile |  | Other related parties |  | Chile |  | Service Provider |  | (27,918) |  | (20,904) |  | —
Chile |  | Norte Grande S.A. |  | Other related parties |  | Chile |  | Client |  | 142 |  | 146 |  | —
Chile |  | El Mercurio S.A.P. |  | Other related parties |  | Chile |  | Service Provider |  | (90) |  | (131) |  | —
Chile |  | Compañía de Seguros de Vida Consorcio Nacional |  | Other related parties |  | Chile |  | Service Provider |  | (31) |  | (134) |  | —
Chile |  | Entel PCS Telecomunicaciones S.A. |  | Other related parties |  | Chile |  | Service Provider |  | (228) |  | (157) |  | —
Chile |  | Empresa Nacional de Telecomunicaciones |  | Other related parties |  | Chile |  | Service Provider |  | (1,746) |  | (2,393) |  | —
Chile | ​ | Gonzalo Guerrero Yamamoto | ​ | Other related parties | ​ | Chile | ​ | Service Provider | ​ | (19) | ​ | (79) | ​ | —
Chile | ​ | Instituto Chileno administración empresas | ​ | Other related parties | ​ | Chile | ​ | Service Provider | ​ | (46) | ​ | — | ​ | —
Chile | ​ | Fundación para el desarrollo social | ​ | Other related parties | ​ | Chile | ​ | Service Provider | ​ | (7) | ​ | — | ​ | —
​ ​ 11.5Trade receivables due from related parties, current:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | As of | ​ | As of
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December 31, | ​ | December 31,
Tax ID No |  | Name |  | Nature |  | Country of origin |  | Currency |  | 2022 |  | 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThUS$ | ​ | ThUS$
Foreign | ​ | Ajay Europe S.A. R.L. | ​ | Associate | ​ | France | ​ | Euro | ​ | 7,967 | ​ | 7,567
Foreign | ​ | Ajay North America LLC. | ​ | Associate | ​ | United States of America | ​ | Dollar | ​ | 8,354 | ​ | 3,350
Foreign |  | Abu Dhabi Fertilizer Industries WWL |  | Associate |  | United Arab Emirates |  | United Arab Emirates Dirham |  | — |  | 2,477
96.511.530-7 |  | Soc. de Inversiones Pampa Calichera |  | Other related parties |  | Chile |  | Dollar |  | 5 |  | 5
Foreign |  | SQM Vitas Brasil Agroindustria |  | Other related parties |  | Brazil |  | Dollar |  | 32,054 |  | 55,119
Foreign |  | SQM Vitas Perú S.A.C. |  | Other related parties |  | Peru |  | Dollar |  | 31,081 |  | 14,684
Foreign |  | SQM Vitas Fzco. |  | Joint venture |  | United Arab Emirates |  | United Arab Emirates Dirham |  | 232 |  | 232
Foreign |  | Pavoni & C SpA |  | Joint venture |  | Italy |  | Euro |  | 888 |  | 804
Foreign |  | Covalent Lithium Pty Ltd. |  | Joint venture |  | Australia |  | Australian dollar |  | 1,041 |  | 1,914
Total |  | ​ | ​ | ​ |  |  |  |  |  | 81,622 |  | 86,152
​ As of December 31, 2022 and 2021, receivables are net of provision for ThUS$ 1,378 and ThUS$ 717, respectively. ​ 11.6Other disclosures: Note 6 describes the remuneration of the board of directors, administration and key management personnel.

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