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Gains (losses) from operating activities in the statement of income of expenses, included according to their nature (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature |
Schedule of revenue from operating activities customer activities | The Group derives revenues from the sale of goods (which are recognized at one point in time) and from the provision of services (which are recognized over time) and are distributed among the following geographical areas and main product and service lines:
| (a) | Geographic areas:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the year ended December 31, 2022
​ | ​ | Specialty | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | plant | ​ | Iodine and | ​ | Lithium and | ​ | ​ | ​ | Industrial | ​ | ​ | ​ | Total
Geographic areas |  | nutrition |  | derivatives |  | derivatives |  | Potassium |  | chemicals |  | Other |  | ThUS$
Chile | ​ | 128,829 | ​ | 1,523 | ​ | 1,854 | ​ | 64,409 | ​ | 1,199 | ​ | 25,334 | ​ | 223,148
Latin America and the Caribbean | ​ | 125,712 | ​ | 16,328 | ​ | 5,275 | ​ | 179,621 | ​ | 11,820 | ​ | 1,185 | ​ | 339,941
Europe |  | 196,930 |  | 288,854 |  | 390,832 |  | 27,275 |  | 27,725 |  | 942 |  | 932,558
North America |  | 489,327 |  | 141,683 |  | 151,152 |  | 71,711 |  | 59,402 |  | 912 |  | 914,187
Asia and Others |  | 231,536 |  | 305,951 |  | 7,603,826 |  | 94,164 |  | 65,054 |  | 213 |  | 8,300,744
Total |  | 1,172,334 |  | 754,339 |  | 8,152,939 |  | 437,180 |  | 165,200 |  | 28,586 |  | 10,710,578
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the year ended December 31, 2021
​ | ​ | Specialty | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | plant | ​ | Iodine and | ​ | Lithium and | ​ | ​ | ​ | Industrial | ​ | ​ | ​ | Total
Geographic areas |  | nutrition | ​ | derivatives |  | derivatives |  | Potassium |  | chemicals |  | Other |  | ThUS$
Chile | ​ | 136,523 | ​ | 1,538 | ​ | 901 | ​ | 50,573 | ​ | 4,125 | ​ | 25,988 | ​ | 219,648
Latin America and the Caribbean | ​ | 88,990 | ​ | 10,198 | ​ | 4,905 | ​ | 214,304 | ​ | 7,367 | ​ | 523 | ​ | 326,287
Europa |  | 179,744 |  | 173,329 |  | 75,674 |  | 33,948 |  | 18,662 |  | 1,408 |  | 482,765
North America |  | 314,895 |  | 102,746 |  | 50,349 |  | 57,682 |  | 29,860 |  | 2,470 |  | 558,002
Asia and Others |  | 188,663 |  | 150,120 |  | 804,292 |  | 60,085 |  | 71,997 |  | 456 |  | 1,275,613
Total |  | 908,815 |  | 437,931 |  | 936,121 |  | 416,592 |  | 132,011 |  | 30,845 |  | 2,862,315
​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the year ended December 31, 2020
​ | ​ | Specialty | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | plant | ​ | Iodine and | ​ | Lithium and | ​ | ​ | ​ | Industrial | ​ | ​ | ​ | Total
Geographic areas |  | nutrition |  | derivatives |  | derivatives |  | Potassium |  | chemicals |  | Other |  | ThUS$
Chile | ​ | 100,353 | ​ | 1,234 | ​ | 399 | ​ | 23,963 | ​ | 4,059 | ​ | 23,737 | ​ | 153,745
Latin America and the Caribbean | ​ | 69,535 | ​ | 10,843 | ​ | 1,597 | ​ | 72,697 | ​ | 4,951 | ​ | 367 | ​ | 159,990
Europa |  | 145,896 |  | 142,161 |  | 49,719 |  | 30,029 |  | 11,585 |  | 735 |  | 380,125
North America |  | 246,737 |  | 90,292 |  | 25,558 |  | 39,432 |  | 23,963 |  | 1,588 |  | 427,570
Asia and Others |  | 139,167 |  | 90,127 |  | 306,100 |  | 43,173 |  | 116,050 |  | 1,144 |  | 695,761
Total |  | 701,688 |  | 334,657 |  | 383,373 |  | 209,294 |  | 160,608 |  | 27,571 |  | 1,817,191
​
Schedule of main product and service lines | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January to December of the year
Products and Services |  | 2022 |  | 2021 |  | 2020
​ |  | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Specialty plant nutrition |  | 1,172,334 |  | 908,815 |  | 701,688
- Sodium Nitrates |  | 21,294 |  | 24,829 |  | 18,291
- Potassium nitrate and sodium potassium nitrate |  | 700,081 |  | 539,336 |  | 424,041
- Specialty Blends |  | 285,027 |  | 234,369 |  | 163,033
- Other specialty fertilizers |  | 165,932 |  | 110,281 |  | 96,323
Iodine and derivatives |  | 754,339 |  | 437,931 |  | 334,657
Lithium and derivatives |  | 8,152,939 |  | 936,121 |  | 383,373
Potassium |  | 437,180 |  | 416,592 |  | 209,294
Industrial chemicals |  | 165,200 |  | 132,011 |  | 160,608
Other |  | 28,586 |  | 30,845 |  | 27,571
- Services |  | 3,785 |  | 3,428 |  | 3,241
- Income from property leases |  | 454 |  | 1,531 |  | 1,457
- Income from subleases on right-of-use assets |  | 142 |  | 146 |  | 176
- Commodities |  | 11,838 |  | 12,468 |  | 11,938
- Other ordinary income of Commercial Offices |  | 12,367 |  | 13,272 |  | 10,759
Total |  | 10,710,578 |  | 2,862,315 |  | 1,817,191
​
Schedule of cost of sales | 21.2Cost of sales Cost of sales broken down by nature of expense:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Nature of expense |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Raw materials and consumables used | ​ | (561,709) | ​ | (345,356) | ​ | (287,877)
Classes of employee benefit expenses |  | (308,744) |  | (211,771) |  | (178,956)
Depreciation expense |  | (218,714) |  | (195,678) |  | (182,314)
Depreciation of Right-of-use Assets (contracts under IFRS 16) |  | (6,549) |  | (5,963) |  | (5,814)
Amortization expense |  | (16,413) |  | (9,737) |  | (12,938)
Investment plan expenses |  | (18,293) |  | (15,059) |  | (14,286)
Provision for materials, spare parts and supplies |  | (7,099) |  | (505) |  | 640
Contractors |  | (194,296) |  | (157,571) |  | (142,017)
Operating leases |  | (71,420) |  | (67,106) |  | (57,461)
Mining concessions |  | (14,585) |  | (7,325) |  | (6,645)
Operational transportation |  | (91,130) |  | (76,004) |  | (68,730)
Freight / product transportation costs |  | (94,727) |  | (77,353) |  | (52,156)
Purchase of products from third parties |  | (473,742) |  | (329,464) |  | (260,089)
Insurance |  | (43,323) |  | (21,869) |  | (17,657)
Corfo rights and other agreements |  | (3,272,897) |  | (247,604) |  | (74,418)
Export costs |  | (153,162) |  | (99,212) |  | (88,176)
Expenses related to variable lease payments (contracts under IFRS 16) |  | (3,631) |  | (1,313) |  | (1,117)
Variation in gross inventory |  | 631,156 |  | 85,709 |  | 102,446
Variation in inventory provision |  | (27,324) |  | 5,038 |  | 7,244
Other |  | (27,351) |  | 5,935 |  | 6,000
Total |  | (4,973,953) |  | (1,772,208) |  | (1,334,321)
​
Schedule of other income | 21.3Other income
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Other income |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Discounts obtained from suppliers | ​ | 1,404 | ​ | 896 | ​ | 665
Fines charged to suppliers |  | 593 |  | 83 |  | 267
Taxes recovered |  | 1,646 |  | 1,811 |  | 1,487
Amounts recovered from insurance |  | 86 |  | 293 |  | 14,861
Overestimate of provisions for third-party obligations |  | 365 |  | 287 |  | 118
Sale of assets classified as properties, plant and equipment |  | 246 |  | 311 |  | 1,626
Sale of mining rights |  | 1,126 |  | 8,796 |  | 5,852
Easements, pipelines and roads |  | 2,106 |  | 4,949 |  | 1,619
Refunds for mining patents and notarial expenses |  | 20 |  | 198 |  | 85
Others |  | 2,262 |  | 1,928 |  | 313
Total |  | 9,854 |  | 19,552 |  | 26,893
​
Schedule of administrative expenses | 21.4Administrative expenses
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Administrative expenses |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Employee benefit expenses | ​ | (63,713) | ​ | (60,552) | ​ | (55,152)
Marketing costs |  | (5,661) |  | (2,415) |  | (2,377)
Amortization expenses |  | (126) |  | (118) |  | (91)
Entertainment expenses |  | (5,576) |  | (4,906) |  | (4,858)
Advisory services |  | (27,235) |  | (17,332) |  | (13,880)
Lease of buildings and facilities |  | (3,829) |  | (3,478) |  | (3,111)
Insurance |  | (3,011) |  | (3,901) |  | (3,478)
Office expenses |  | (8,596) |  | (6,363) |  | (6,204)
Contractors |  | (7,283) |  | (5,106) |  | (5,079)
Depreciation of Right-of-use Assets (contracts under IFRS 16) |  | (2,656) |  | (2,743) |  | (2,617)
Other expenses |  | (14,958) |  | (11,979) |  | (10,170)
Total |  | (142,644) |  | (118,893) |  | (107,017)
​
Schedule of other expenses | 21.5Other expenses
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Other expenses |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Depreciation and amortization expense | ​ |  | ​ |  | ​ |
Depreciation of assets not in use |  | — |  | — |  | (138)
Subtotal |  | — |  | — |  | (138)
Impairment (losses) /reversals of impairment losses recognized in profit for the year |  |  |  |  |  |
Properties, plant and equipment |  | (8,084) |  | (5,582) |  | (9,563)
Intangible assets other than goodwill |  | (520) |  | (478) |  | (1,941)
Goodwill |  | (33,629) |  | — |  | (140)
Non-current assets and disposal groups held for sale |  | — |  | — |  | —
Subtotal |  | (42,233) |  | (6,060) |  | (11,644)
Other expenses, by nature |  |  |  |  |  |
Legal expenses |  | (6,841) |  | (42,254) |  | (69,965)
VAT and other unrecoverable taxes |  | (5,694) |  | (1,015) |  | (626)
Fines paid |  | (617) |  | (882) |  | (314)
Investment plan expenses |  | (727) |  | 1 |  | (768)
Exploration expenses |  | — |  | (284) |  | (5,262)
Contributions and donations |  | (19,096) |  | (9,037) |  | (8,793)
Other operating expenses |  | (763) |  | (1,074) |  | (2,102)
Subtotal |  | (33,738) |  | (54,545) |  | (87,830)
Total |  | (75,971) |  | (60,605) |  | (99,612)
​
Schedule of other gains (losses) | 21.6Other gains (losses)
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Other (losses) income |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Sale of investments in associates |  | 60 |  | — |  | (11,830)
Adjust previous year application method of participation | ​ | — | ​ | — | ​ | (49)
Impairment of interests in associates |  | 1,349 |  | (2,009) |  | 7,235
Sale of investments in joint ventures |  | — |  | — |  | (481)
Others |  | (1,292) |  | (629) |  | (188)
Total |  | 117 |  | (2,638) |  | (5,313)
​
Schedule of (impairment) reversal of losses of financial assets | 21.7(Impairment) reversal of losses of financial assets
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
(Impairment) reversal of losses of financial assets |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
(Impairment) /reversal of losses of financial assets (See Note 12.2) |  | 3,369 |  | (235) |  | 4,684
Totals |  | 3,369 |  | (235) |  | 4,684
​
Schedule of expenses by nature | 21.8Summary of expenses by nature The following summary considers notes 21.2, 21.4 and 21.5
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Expenses by nature |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Raw materials and consumables |  | (561,709) |  | (345,356) |  | (287,877)
Employee benefit expenses |  | (372,457) |  | (272,323) |  | (234,108)
Depreciation expense |  | (218,714) |  | (195,678) |  | (182,452)
Depreciation of right-of-use assets |  | (9,205) |  | (8,706) |  | (8,431)
Impairment of properties, plant and equipment, intangible and Goodwill |  | (42,233) |  | (6,060) |  | (11,644)
Amortization expense |  | (16,539) |  | (9,855) |  | (13,029)
Legal expenses |  | (6,841) |  | (42,254) |  | (69,965)
Investment plan expenses |  | (19,020) |  | (15,058) |  | (15,054)
Exploration expenses |  | — |  | (284) |  | (5,262)
Provision for materials, spare parts and supplies |  | (7,099) |  | (505) |  | 640
Contractors |  | (201,579) |  | (162,677) |  | (147,096)
Operational leases |  | (75,249) |  | (70,584) |  | (60,572)
Mining concessions |  | (14,585) |  | (7,325) |  | (6,645)
Operational transportation |  | (91,130) |  | (76,004) |  | (68,730)
Freight and product transportation costs |  | (94,727) |  | (77,353) |  | (52,156)
Purchase of products from third parties |  | (473,742) |  | (329,464) |  | (260,089)
Corfo rights and other agreements |  | (3,272,897) |  | (247,604) |  | (74,418)
Export costs |  | (153,162) |  | (99,212) |  | (88,176)
Expenses related to variable lease payments (contracts under IFRS 16) |  | (3,631) |  | (1,313) |  | (1,117)
Insurance |  | (46,334) |  | (25,770) |  | (21,135)
Consultant and advisor services |  | (27,235) |  | (17,332) |  | (13,880)
Variation in gross inventory |  | 631,156 |  | 85,709 |  | 102,446
Variation in inventory provision |  | (27,324) |  | 5,038 |  | 7,244
Other expenses |  | (88,312) |  | (31,736) |  | (29,444)
Total expenses by nature |  | (5,192,568) |  | (1,951,706) |  | (1,540,950)
​
Schedule of finance expenses | 21.9Finance expenses
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Finance expenses |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Interest expense from bank borrowings and overdrafts |  | (3,065) |  | (2,664) |  | (2,797)
Interest expense from bonds |  | (108,387) |  | (90,859) |  | (87,030)
Interest expense from loans |  | (2,098) |  | (1,135) |  | (1,598)
Reversal of capitalized interest expenses |  | 24,708 |  | 14,206 |  | 8,462
Financial expenses for restoration and rehabilitation provisions |  | 9,357 |  | (1,259) |  | 2,947
Interest on lease agreement |  | (1,226) |  | (1,587) |  | (1,133)
Interest and bank charges |  | (5,940) |  | (1,328) |  | (1,050)
Total |  | (86,651) |  | (84,626) |  | (82,199)
​
Schedule of finance income | 21.10Finance income
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period from January
​ | ​ | to December of the year
Finance income |  | 2022 |  | 2021 |  | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Interest from term deposits |  | 31,122 |  | 3,635 |  | 10,260
Interest from marketable securities |  | 10,252 |  | 68 |  | 2,147
Interest from maintenance of minimum bank balance in current account |  | 6 |  | 2 |  | 18
Other finance income |  | 3,318 |  | 107 |  | 259
Other finance interests |  | 2,340 |  | 856 |  | 1,031
Total |  | 47,038 |  | 4,668 |  | 13,715

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