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Employee benefits (Tables)

12 Months Ended

Dec. 31, 2022

Employee benefits

Schedule of provision for employee benefits


		As of		As of
		December 31,		December 31,
Classes of benefits and expenses by employee		2022		2021
		ThUS$		ThUS$
Current
Profit sharing and bonuses		2,270		1,383
Performance bonus and operational		33,106		25,392
Total		35,376		26,775
Non-current
Profit sharing and bonuses		8,973		—
Severance indemnity payments		34,899		27,099
Total		43,872		27,099

Schedule of post employment benefit obligations


		As of		As of		As of
		December 31,		December 31,		December 31,
Reconciliation Changes in the benefit obligation		2022		2021		2020
		ThUS$		ThUS$		ThUS$
Opening balance		9,550		9,864		9,586
Current cost of service		—		—		—
Interest cost		255		240		280
Actuarial gains loss		(1,357)		(135)		506
Settlement		(7,739)
Benefits paid		(430)		(419)		(508)
Total benefit obligation (A)		279		9,550		9,864


		As of		As of		As of
Reconciliation		December 31,		December 31,		December 31,
Changes in plan assets		2022		2021		2020
		ThUS$		ThUS$		ThUS$
Fair value of plan assets at the start of the year		13,497		12,888		8,754
Real return (loss) in the plan assets		(346)		1,028		4,642
Benefits paid		(430)		(419)		(508)
Settlement		(7,739)		—		—
Fair value of plan assets at the end of the year		4,982		13,497		12,888
Non-current-assets		4,703		3,947		3,025
Elements not yet recognized as components of the cost of periodic net pensions:
Net actuarial loss at the beginning of the year		1,039		192		(3,634)
Amortization during the year		—		—		326
Settlement		(1,627)		—		—
Gain		647		847		3,500
Adjustment to recognize the minimum pension obligation		59		1,039		192


		For the		For the		For the
		year ended		year ended		year ended
Cost of service or benefits received during the year		2022		2021		2020
		ThUS$		ThUS$		ThUS$
Financial cost		255		240		280
Real loss in plan assets		(363)		(316)		(637)
Settlement		(1,627)		—		—
Amortization of prior year losses		—		—		326
Net periodic pension expenses		(1,735)		(76)		(31)

Schedule of staff severance indemnities

As of December 31, 2022, and 2021, severance indemnities calculated at the actuarial value are as follows:


		As of		As of		As of
		December 31,		December 31,		December 31,
Staff severance indemnities		2022		2021		2020
		ThUS$		ThUS$		ThUS$
Opening balance		(27,099)		(32,199)		(27,814)
Current cost of service		(4,204)		(4,978)		(3,804)
Interest cost		(1,928)		(1,303)		(1,486)
Actuarial gain loss		(5,305)		3,999		(2,826)
Exchange rate difference		551		4,971		(1,513)
Benefits paid during the year		3,086		2,411		5,244
Total		(34,899)		(27,099)		(32,199)

Schedule of employee Actuarial assumption rate

The liability recorded for staff severance indemnity is valued at the actuarial value method, using the following actuarial assumptions:


		As of		As of		As of
		December 31,		December 31,		December 31,
Actuarial assumptions		2022		2021		2020		Annual/Years
Mortality rate		RV - 2014		RV - 2014		RV - 2014
Actual annual interest rate		5.12	%	5.67	%	3.65	%
Voluntary retirement rate:
Men		6.49	%	6.49	%	6.49	%	Annual
Women		6.49	%	6.49	%	6.49	%	Annual
Salary increase		3.00	%	3.00	%	3.00	%	Annual
Retirement age:
Men		65		65		65		Years
Women		60		60		60		Years

Schedule of sensitivity analysis of assumptions

As of December 31, 2022, 2021 and 2020, the Company has conducted a sensitivity analysis of the main assumptions of the actuarial calculation, determining the following:


		Effect + 100 basis		Effect - 100 basis
Sensitivity analysis as of December 31, 2022		points		points
		ThUS$		ThUS$
Discount rate		(2,090)		2,352
Employee turnover rate		(274)		307


		Effect + 100 basis		Effect - 100 basis
Sensitivity analysis as of December 31, 2021		points		points
		ThUS$		ThUS$
Discount rate		(1,614)		1,817
Employee turnover rate		(212)		237


		Effect + 100 basis		Effect - 100 basis
Sensitivity analysis as of December 31, 2020		points		points
		ThUS$		ThUS$
Discount rate		(1,985)		2,234
Employee turnover rate		(261)		291