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Right-of-use assets and Lease liabilities | 12 Months Ended
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Dec. 31, 2023
Right-Of-Use Assets And Lease Liabilities |
Right-of-use assets and Lease liabilities | Right-of-use assets and Lease liabilities 13.1 Right-of-use assets
Reconciliation of changes in right-of-use assets as of December 31, 2023, net value |  | Land |  | Buildings |  | Other property, plant and equipment |  | Transport equipment |  | Machinery, plant and equipment |  | Total
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Opening Balance |  | 18,320 |  |  | 17,839 |  |  | — |  |  | 1,805 |  |  | 22,903 |  |  | 60,867 |
Additions |  | 894 |  |  | 13,714 |  |  | — |  |  | 37 |  |  | 18,686 |  |  | 33,331 |
Depreciation expenses |  | (687) |  |  | (4,509) |  |  | — |  |  | (987) |  |  | (11,088) |  |  | (17,271) |
Transfer to property, plant and equipment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other increases (decreases) |  | (228) |  |  | (1,586) |  |  | — |  |  | — |  |  | (1,920) |  |  | (3,734) |
Total changes |  | (21) |  |  | 7,619 |  |  | — |  |  | (950) |  |  | 5,678 |  |  | 12,326 |
Closing balance |  | 18,299 |  |  | 25,458 |  |  | — |  |  | 855 |  |  | 28,581 |  |  | 73,193 |
Reconciliation of changes in right-of-use assets as of December 31, 2022, net value |  | Land |  | Buildings |  | Other property, plant and equipment |  | Transport equipment |  | Machinery, plant and equipment |  | Total
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Opening Balance |  | 17,353 |  |  | 20,951 |  |  | — |  |  | 2,578 |  |  | 11,726 |  |  | 52,608 |
Additions |  | 1,599 |  |  | 736 |  |  | — |  |  | 186 |  |  | 16,675 |  |  | 19,196 |
Depreciation expenses |  | (12) |  |  | (3,846) |  |  | — |  |  | (965) |  |  | (4,383) |  |  | (9,206) |
Transfer to property, plant and equipment |  | (622) |  |  | — |  |  | — |  |  | — |  |  | (1,114) |  |  | (1,736) |
Other increases (decreases) |  | 2 |  |  | (2) |  |  | — |  |  | 6 |  |  | (1) |  |  | 5 |
Total changes |  | 967 |  |  | (3,112) |  |  | — |  |  | (773) |  |  | 11,177 |  |  | 8,259 |
Closing balance |  | 18,320 |  |  | 17,839 |  |  | — |  |  | 1,805 |  |  | 22,903 |  |  | 60,867 |
The Company’s lease activities included the following aspects: (a)The nature of the Company’s lease activities is related to contracts focused primarily on business operations, mainly rights-of-use to equipment and real estate, (b)The Company does not estimate any significant future cash outflows that would potentially expose the Company, and these are likewise not reflected in the measurement of lease liabilities, related to concepts such as: (i) Variable lease payments, (ii) Extension options and termination options, (iii) Guaranteed residual value and (iv) Leases not yet undertaken but committed by the Company. (c)These are not subject to restrictions or agreements imposed by contracts. There were no sales transactions with leases later in the period. 13.2 Lease liabilities
|  | As of December 31, 2023 |  | As of December 31, 2022
Lease liabilities |  | Current |  | Non-Current |  | Current |  | Non-Current
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Lease liabilities |  | 18,192 |  |  | 56,966 |  |  | 12,149 |  |  | 49,585 |
Total |  | 18,192 |  |  | 56,966 |  |  | 12,149 |  |  | 49,585 |
i) Current and non-current lease liabilities (a) As of December 31, 2023 and 2022, current lease liabilities are analyzed as follows:
Debtor |  | Creditor |  | Contract indexation unit |  | Effective rate |  | Nominal amounts as of December 31,2023 |  | Nominal amounts as of December 31,2023
Tax ID No. |  | Company |  | Country |  | Supplier |  |  |  | Up to 90 days |  | 90 days to 1 year |  | Total |  | Up to 90 days |  | 90 days to 1 year |  | Total
|  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
93.007.00-9 |  | SQM S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.49% |  | 20 |  |  | 46 |  |  | 66 |  |  | 19 |  |  | 46 |  |  | 65 |
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | Peso |  | 3.02% |  | 344 |  |  | 1,034 |  |  | 1,378 |  |  | 321 |  |  | 977 |  |  | 1,298 |
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.54% |  | 1,492 |  |  | 4,040 |  |  | 5,532 |  |  | 1,400 |  |  | 3,718 |  |  | 5,118 |
79.947.100-0 |  | SQM Industrial S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.58% |  | 726 |  |  | 1,863 |  |  | 2,589 |  |  | 645 |  |  | 1,640 |  |  | 2,285 |
96.592.190-7 |  | SQM Nitratos S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.49% |  | 18 |  |  | 43 |  |  | 61 |  |  | 18 |  |  | 42 |  |  | 60 |
79.768.170-9 |  | Soquimich Comercial S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.97% |  | 374 |  |  | 1,123 |  |  | 1,497 |  |  | 336 |  |  | 956 |  |  | 1,292 |
76.359.919-1 |  | Orcoma SpA |  | Chile |  | Contract supplier |  | Peso |  | 6.16% |  | 2 |  |  | 7 |  |  | 9 |  |  | 2 |  |  | 2 |  |  | 4 |
76.359.919-1 |  | Orcoma SpA |  | Chile |  | Contract supplier |  | UF |  | 6.80% |  | 1 |  |  | 2 |  |  | 3 |  |  | 1 |  |  | 2 |  |  | 3 |
Foreign |  | SQM Australia Pty |  | Australia |  | Contract supplier |  | Australian dollar |  | 4.93% |  | 725 |  |  | 1,896 |  |  | 2,621 |  |  | 721 |  |  | 1,884 |  |  | 2,605 |
Foreign |  | SQM Comercial de México S.A. de C.V. |  | Mexico |  | Contract supplier |  | Dollar |  | 3.74% |  | 711 |  |  | 2,131 |  |  | 2,842 |  |  | 633 |  |  | 1,953 |  |  | 2,586 |
Foreign |  | SQM Comercial de México S.A. de C.V. |  | Mexico |  | Contract supplier |  | Mexican peso |  | 9.73% |  | 262 |  |  | 789 |  |  | 1,051 |  |  | 240 |  |  | 747 |  |  | 987 |
Foreign |  | SQM Europe N.V. |  | Belgium |  | Contract supplier |  | Euro |  | 1.30% |  | 121 |  |  | 364 |  |  | 485 |  |  | 94 |  |  | 287 |  |  | 381 |
Foreign |  | SQM North América Corp. |  | United States |  | Contract supplier |  | Dollar |  | 3.67% |  | 106 |  |  | 267 |  |  | 373 |  |  | 97 |  |  | 244 |  |  | 341 |
Foreign |  | SQM África Pty |  | South Africa |  | Contract supplier |  | Rand |  | 9.20% |  | 344 |  |  | 1,007 |  |  | 1,351 |  |  | 267 |  |  | 820 |  |  | 1,087 |
Foreign |  | SQM Colombia S.A.S. |  | Colombia |  | Contract supplier |  | Colombian peso |  | 2.45% |  | 5 |  |  | 17 |  |  | 22 |  |  | 5 |  |  | 17 |  |  | 22 |
Foreign |  | SQM Iberian |  | Spain |  | Contract supplier |  | Euro |  | 3.25% |  | 15 |  |  | 48 |  |  | 63 |  |  | 14 |  |  | 44 |  |  | 58 |
Total |  |  |  |  |  |  |  |  |  |  |  | 5,266 |  |  | 14,677 |  |  | 19,943 |  |  | 4,813 |  |  | 13,379 |  |  | 18,192 |
Debtor |  | Creditor |  | Contract indexation unit |  | Effective rate |  | Nominal amounts as of December 31,2022 |  | Nominal amounts as of December 31,2022
Tax ID No. |  | Company |  | Country |  | Supplier |  |  |  | Up to 90 days |  | 90 days to 1 year |  | Total |  | Up to 90 days |  | 90 days to 1 year |  | Total
|  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
93.007.000-9 |  | SQM S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.49% |  | 20 |  |  | 59 |  |  | 79 |  |  | 18 |  |  | 55 |  |  | 73 |
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | Peso |  | 2.75% |  | 342 |  |  | 1,027 |  |  | 1,369 |  |  | 311 |  |  | 946 |  |  | 1,257 |
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.42% |  | 1,010 |  |  | 2,929 |  |  | 3,939 |  |  | 917 |  |  | 2,700 |  |  | 3,617 |
79.947.100-0 |  | SQM Industrial S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.10% |  | 676 |  |  | 2,027 |  |  | 2,703 |  |  | 577 |  |  | 1,755 |  |  | 2,332 |
96.592.190-7 |  | SQM Nitratos S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.49% |  | 18 |  |  | 55 |  |  | 73 |  |  | 17 |  |  | 52 |  |  | 69 |
79.768.170-9 |  | Soquimich Comercial S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.94% |  | 342 |  |  | 886 |  |  | 1,228 |  |  | 306 |  |  | 790 |  |  | 1,096 |
76.359.919-1 |  | Orcoma SpA |  | Chile |  | Contract supplier |  | Peso |  | 6.80% |  | 2 |  |  | 7 |  |  | 9 |  |  | 2 |  |  | 4 |  |  | 6 |
76.359.919-1 |  | Orcoma SpA |  | Chile |  | Contract supplier |  | UF |  | 2.53% |  | 1 |  |  | 4 |  |  | 5 |  |  | 1 |  |  | 4 |  |  | 5 |
Foreign |  | SQM Comercial de México S.A. de C.V. |  | Mexico |  | Contract supplier |  | Dollar |  | 3.45% |  | 99 |  |  | 296 |  |  | 395 |  |  | 86 |  |  | 264 |  |  | 350 |
Foreign |  | SQM Comercial de México S.A. de C.V. |  | Mexico |  | Contract supplier |  | Mexican peso |  | 7.84% |  | 27 |  |  | 62 |  |  | 89 |  |  | 25 |  |  | 60 |  |  | 85 |
Foreign |  | SQM Europe N.V. |  | Belgium |  | Contract supplier |  | Euro |  | 1.30% |  | 102 |  |  | 306 |  |  | 408 |  |  | 96 |  |  | 290 |  |  | 386 |
Foreign |  | SQM North América Corp. |  | United States |  | Contract supplier |  | Dollar |  | 2.90% |  | 102 |  |  | 308 |  |  | 410 |  |  | 91 |  |  | 279 |  |  | 370 |
Foreign |  | SQM Australia PTY |  | Australia |  | Contract supplier |  | Australian dollar |  | 4.42% |  | 807 |  |  | 2,355 |  |  | 3,162 |  |  | 648 |  |  | 1,798 |  |  | 2,446 |
Foreign |  | SQM Colombia S.A.S. |  | Colombia |  | Contract supplier |  | Colombian peso |  | 1.38% |  | 5 |  |  | 17 |  |  | 22 |  |  | 5 |  |  | 17 |  |  | 22 |
Foreign |  | SQM África Pty |  | South Africa |  | Contract supplier |  | Rand |  | 8.51% |  | 12 |  |  | 36 |  |  | 48 |  |  | 8 |  |  | 27 |  |  | 35 |
Total |  |  |  |  |  |  |  |  |  |  |  | 3,565 |  |  | 10,374 |  |  | 13,939 |  |  | 3,108 |  |  | 9,041 |  |  | 12,149 |
(b) As of December 31, 2023 and 2022, the non-current lease liabilities are analyzed as follows:
Debtor |  | Creditor |  | Contract indexation unit |  | Effective rate |  | Nominal amounts as of December 31,2023 |  | Amounts at amortized cost as of December 31, 2023
Tax ID No. |  | Company |  | Country |  | Supplier |  |  |  | 1-2 Years |  | 2-3 Years |  | 3-4 Years |  | Total |  | 1-2 Years |  | 2-3 Years |  | 3-4 Years |  | Total
|  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | Peso |  | 2.61% |  | 1,176 |  |  | 1,079 |  |  | — |  |  | 2255 |  |  | 1,133 |  |  | 1,064 |  |  | — |  |  | 2197 |
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.88% |  | 6,185 |  |  | 3,728 |  |  | — |  |  | 9,913 |  |  | 5,901 |  |  | 3,630 |  |  | — |  |  | 9,531 |
79.947.100-0 |  | SQM Industrial S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.06% |  | 3,799 |  |  | 5,594 |  |  | 311 |  |  | 9,704 |  |  | 3,348 |  |  | 5,312 |  |  | 310 |  |  | 8,970 |
79.768.170-9 |  | Soquimich Comercial S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.97% |  | 1,844 |  |  | 969 |  |  | 181 |  |  | 2,994 |  |  | 2,020 |  |  | 938 |  |  | 173 |  |  | 3,131 |
76.359.919-1 |  | Orcoma SpA |  | Chile |  | Contract supplier |  | Peso |  | 6.80% |  | 18 |  |  | 26 |  |  | 37 |  |  | 81 |  |  | 8 |  |  | 12 |  |  | 41 |  |  | 61 |
Foreign |  | SQM North América Corp. |  | Chile |  | Contract supplier |  | Dollar |  | 4.99% |  | 524 |  |  | 265 |  |  | — |  |  | 789 |  |  | 484 |  |  | 260 |  |  | — |  |  | 744 |
Foreign |  | SQM Comercial de México S.A. de C.V. |  | Chile |  | Contract supplier |  | Mexican Peso |  | 6.79% |  | 91 |  |  | — |  |  | — |  |  | 91 |  |  | 90 |  |  | — |  |  | — |  |  | 90 |
Foreign |  | SQM Comercial de México S.A. de C.V. |  | Chile |  | Contract supplier |  | Dollar |  | 5.25% |  | 3,197 |  |  | 1,131 |  |  | — |  |  | 4,328 |  |  | 3,040 |  |  | 1,105 |  |  | — |  |  | 4,145 |
Foreign |  | SQM Australia Pty |  | Mexico |  | Contract supplier |  | Australian dollar |  | 4.92% |  | 5,624 |  |  | 18,236 |  |  | — |  |  | 23,860 |  |  | 5,618 |  |  | 16,916 |  |  | — |  |  | 22,534 |
Foreign |  | SQM África Pty |  | Mexico |  | Contract supplier |  | Rand |  | 9.20% |  | 1,276 |  |  | 591 |  |  | 659 |  |  | 2,526 |  |  | 1,182 |  |  | 483 |  |  | 581 |  |  | 2,246 |
Foreign |  | SQM Colombia S.A.S. |  | Belgium |  | Contract supplier |  | Colombian peso |  | 2.17% |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Foreign |  | SQM Europe N.V. |  | United States |  | Contract supplier |  | Euro |  | 1.30% |  | 485 |  |  | 485 |  |  | 2,586 |  |  | 3,556 |  |  | 393 |  |  | 405 |  |  | 2,383 |  |  | 3,181 |
Foreign |  | SQM Iberian |  | Australia |  | Contract supplier |  | Euro |  | 3.25% |  | 61 |  |  | 61 |  |  | 16 |  |  | 138 |  |  | 58 |  |  | 60 |  |  | 17 |  |  | 135 |
Total |  |  |  |  |  |  |  |  |  |  |  | 24,281 |  |  | 32,165 |  |  | 3,790 |  |  | 60,236 |  |  | 23,276 |  |  | 30,185 |  |  | 3,505 |  |  | 56,966 |
Debtor |  | Creditor |  | Contract indexation unit |  | Effective rate |  | Nominal amounts as of December 31,2022 |  | Amounts at amortized cost as of December 31, 2022
Tax ID No. |  | Company |  | Country |  | Supplier |  |  |  | 1-2 Years |  | 2-3 Years |  | 3-4 Years |  | Total |  | 1-2 Years |  | 2-3 Years |  | 3-4 Years |  | Total
|  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
93.007.000-9 |  | SQM S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.49% |  | 66 |  |  | — |  |  | — |  |  | 66 |  |  | 65 |  |  | — |  |  | — |  |  | 65 |
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | Peso |  | 3.55% |  | 1,176 |  |  | 1,176 |  |  | 1,078 |  |  | 3,430 |  |  | 1,104 |  |  | 1,133 |  |  | 1,064 |  |  | 3,301 |
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.86% |  | 5,633 |  |  | 1,605 |  |  | 347 |  |  | 7,585 |  |  | 5,363 |  |  | 1,545 |  |  | 346 |  |  | 7,254 |
79.947.100-0 |  | SQM Industrial S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.10% |  | 4,248 |  |  | 5,595 |  |  | 2,176 |  |  | 12,019 |  |  | 3,696 |  |  | 5,152 |  |  | 2,135 |  |  | 10,983 |
96.592.190-7 |  | SQM Nitratos S.A. |  | Chile |  | Contract supplier |  | UF |  | 3.49% |  | 61 |  |  | — |  |  | — |  |  | 61 |  |  | 60 |  |  | — |  |  | — |  |  | 60 |
79.768.170-9 |  | Soquimich Comercial S.A. |  | Chile |  | Contract supplier |  | UF |  | 2.24% |  | 1,774 |  |  | 1,619 |  |  | 261 |  |  | 3,654 |  |  | 1,612 |  |  | 1,545 |  |  | 244 |  |  | 3,401 |
76.359.919-1 |  | Orcoma Estudios SpA |  | Chile |  | Contract supplier |  | UF |  | 2.53% |  | 4 |  |  | — |  |  | — |  |  | 4 |  |  | 3 |  |  | — |  |  | — |  |  | 3 |
76.359.919-1 |  | Orcoma Estudios SpA |  | Chile |  | Contract supplier |  | Peso |  | 6.80% |  | 18 |  |  | 26 |  |  | 46 |  |  | 90 |  |  | 8 |  |  | 11 |  |  | 47 |  |  | 66 |
Foreign |  | SQM North América Corp. |  | United States |  | Contract supplier |  | Dollar |  | 3.11% |  | 606 |  |  | 515 |  |  | — |  |  | 1,121 |  |  | 554 |  |  | 498 |  |  | — |  |  | 1,052 |
Foreign |  | SQM Comercial de México S.A. de C.V. |  | Mexico |  | Contract supplier |  | Mexican Peso |  | 3.45% |  | 789 |  |  | 362 |  |  | — |  |  | 1,151 |  |  | 738 |  |  | 356 |  |  | — |  |  | 1,094 |
Foreign |  | SQM Australia PTY |  | Australia |  | Contract supplier |  | Australian dollar |  | 4.28% |  | 3,955 |  |  | 5,584 |  |  | 23,894 |  |  | 33,433 |  |  | 3,023 |  |  | 1,619 |  |  | 16,102 |  |  | 20,744 |
Foreign |  | SQM Colombia S.A.S. |  | Colombia |  | Contract supplier |  | Colombian peso |  | 1.90% |  | 18 |  |  | — |  |  | — |  |  | 18 |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Foreign |  | SQM África Pty |  | South Africa |  | Contract supplier |  | Rand |  | 8.51% |  | 12 |  |  | 36 |  |  | 48 |  |  | 96 |  |  | 82 |  |  | 42 |  |  | — |  |  | 124 |
Foreign |  | SQM Europe N.V. |  | Belgium |  | Contract supplier |  | Euro |  | 1.30% |  | 888 |  |  | 564 |  |  | — |  |  | 1,452 |  |  | 861 |  |  | 559 |  |  | — |  |  | 1,420 |
Total |  |  |  |  |  |  |  |  |  |  |  | 19,248 |  |  | 17,082 |  |  | 27,850 |  |  | 64,180 |  |  | 17,187 |  |  | 12,460 |  |  | 19,938 |  |  | 49,585 |
Other lease disclosures Total lease expenses related to lease payments that did not qualify under the scope of IFRS 16 were ThUS$ 93,049, ThUS$ 78,880 and ThUS$ 71,897 for the periods ended December 31, 2023, 2022 and 2021. See Note 20.8. Expenses related to variable payments not included in lease liabilities were ThUS$4,700, ThUS$3,631 and ThUS$1,313 for the periods ending December 31, 2023, 2022 and 2021. Income from subleases on right-of-use assets were ThUS$5, ThUS$142 and ThUS$146 as of December 31, 2023, 2022 and 2021, respectively. Payments for contractual operating leases are disclosed in Note 4.2 Liquidity Risk.

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2023-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2023-03-23 + Details
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