XML 29 R13.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Equity-accounted investees | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity-Accounted Investees |
Equity-accounted investees | Equity-accounted investees 7.1 Investments in associates recognized according to the equity method of accounting
|  | Equity-accounted investees |  | Share in income of associates accounted for using the equity method |  | Share in other comprehensive income of associates accounted for using the equity method |  | Share in total comprehensive income of associates accounted for using the equity method
Associate |  | As of December 31, 2023 |  | As of December 31, 2022 |  |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021 |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021 |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021
|  | ThUS$ |  | ThUS$ |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  | 17,657 |  |  | 17,654 |  |  |  | 3,733 |  |  | 5,351 |  |  | 2,802 |  |  | — |  |  | — |  |  | — |  |  | 3,733 |  |  | 5,351 |  |  | 2,802 |
Ajay Europe SARL |  | 7,722 |  |  | 8,624 |  |  |  | 4,013 |  |  | 6,130 |  |  | 1,852 |  |  | 382 |  |  | (498) |  |  | 360 |  |  | 4,395 |  |  | 5,632 |  |  | 2,212 |
SAS Adionics |  | 19,514 |  |  | — |  |  |  | (985) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (985) |  |  | — |  |  | — |
Electric Era Technologies Inc. |  | 3,000 |  |  | — |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Altilium Metals Ltd. |  | 7,620 |  |  | — |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 55,513 |  |  | 26,278 |  |  |  | 6,761 |  |  | 11,481 |  |  | 4,654 |  |  | 382 |  |  | (498) |  |  | 360 |  |  | 7,143 |  |  | 10,983 |  |  | 5,014 |
|  |  |  |  |  |  |  |  |  | Dividends received for the year ending
Associate |  | Description of the nature of the relationship |  | Address |  | Country of incorporation |  | Share of ownership in associates |  | December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
|  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$
Abu Dhabi Fertilizer Industries WWL |  | Distribution and commercialization of specialty plant nutrients in the Middle East. |  | PO Box 71871, Abu Dhabi |  | United Arab Emirates |  | 37 | % |  | 633 |  |  | 3,000 |  |  | 9,438 |
Ajay North America |  | Production and distribution of iodine and iodine derivatives. |  | 1400 Industry RD Power Springs GA 30129 |  | United States of North America |  | 49 | % |  | 4,013 |  |  | 1,576 |  |  | 1,233 |
Ajay Europe SARL |  | Production and distribution of iodine and iodine derivatives. |  | Z.I. du Grand Verger BP 227 53602 Evron Cedex |  | France |  | 50 | % |  | 4,682 |  |  | 1,778 |  |  | 992 |
SAS Adionics |  | Lithium extraction, salt separation, water treatment for production and lithium cleaning. |  | 17 bis Avenue des Andes Les Ulis, 91940 |  | France |  | 20 | % |  | — |  |  | — |  |  | — |
Electric Era Technologies, Inc. |  | Electric vehicle charging infrastructure, smart grid, renewable technology, demand management, battery storage. |  | 3257 17th Ave W Suite 101 Seattle, Washington 98119. |  | United States of America |  | 6.82 | % |  | — |  |  | — |  |  | — |
Altilium Metals Ltd. |  | Production of battery-ready cathode materials from electric vehicle batteries. |  | Phase 2 Room 205 Davy Road, Derrifod, Plymouth. |  | United Kingdom |  | 3 | % |  | — |  |  | — |  |  | — |
Total |  |  |  |  |  |  |  |  |  | 9,328 |  |  | 6,354 |  |  | 11,663 |
7.2 Assets, liabilities, revenue and expenses of associates The information disclosed reflects the amounts presented in the financial statements of the relevant associates and not the Company's share of those amounts.
|  | As of December 31, 2023 |  | For the year ended December 31, 2023
|  | Assets |  | Liabilities |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Associate |  | Current |  | Non-current |  | Current |  | Non-current |  |  |  |
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  | 26,280 |  |  | 16,307 |  |  | 6,553 |  |  | — |  |  | 60,019 |  |  | 7,617 |  |  | — |  |  | 7,617 |
Ajay Europe SARL |  | 27,263 |  |  | 3,197 |  |  | 15,015 |  |  | — |  |  | 73,952 |  |  | 8,025 |  |  | 12 |  |  | 8,037 |
SAS Adionics |  | 19,645 |  |  | 12,294 |  |  | 5,141 |  |  | 917 |  |  | 4,156 |  |  | (4,924) |  |  | — |  |  | (4,924) |
Electric Era Technologies, Inc. |  | 15,486 |  |  | 242 |  |  | 3,702 |  |  | — |  |  | 674 |  |  | (3,177) |  |  | — |  |  | (3,177) |
Altilium Metals Ltd. |  | 1,896 |  |  | 118,228 |  |  | 24,679 |  |  | — |  |  | — |  |  | (1,912) |  |  | — |  |  | (1,912) |
Total |  | 90,570 |  |  | 150,268 |  |  | 55,090 |  |  | 917 |  |  | 138,801 |  |  | 5,629 |  |  | 12 |  |  | 5,641 |
|  | As of December 31, 2022 |  | For the year ended December 31, 2022
|  | Assets |  | Liabilities |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Associate |  | Current |  | Non-current |  | Current |  | Non-current |  |  |  |
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  | 30,455 |  |  | 15,972 |  |  | 10,395 |  |  | 2 |  |  | 63,482 |  |  | 10,919 |  |  | — |  |  | 10,919 |
Ajay Europe SARL |  | 33,742 |  |  | 1,992 |  |  | 18,486 |  |  | — |  |  | 64,060 |  |  | 12,261 |  |  | (21) |  |  | 12,240 |
Total |  | 64,197 |  |  | 17,964 |  |  | 28,881 |  |  | 2 |  |  | 127,542 |  |  | 23,180 |  |  | (21) |  |  | 23,159 |
|  |  | For the year ended December 31, 2021
|  |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Associate |  |  |  |  |
|  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  |  | 47,375 |  |  | 5,718 |  |  | — |  |  | 5,718 |
Ajay Europe SARL |  |  | 48,409 |  |  | 3,705 |  |  | (34) |  |  | 3,671 |
Total |  |  | 95,784 |  |  | 9,423 |  |  | (34) |  |  | 9,389 |
7.3 Disclosures regarding interests in associates (a)Transactions for the year ended December 31, 2023: •During the second quarter of 2023, the Company received dividends from Abu Dhabi Fertilizer Industries WWL totaling ThUS$ 633, which were presented under "Other gains (losses). •During the third quarter of 2023, the Company invested ThUS$20,383 to acquire a 20% interest in Adionics Société par actions simplifiée. •During the third quarter of 2023, the Company invested ThUS$7,620 to acquire a 3% interest in Altilium Metals Ltd., and ThUS$3,000 to acquire a 6.82% interest in Electric Era Technologies Inc. The Company has the right to appoint a director, specific rights over share transfers, and first refusal rights in future capital increases. (b)Transactions for the year ended December 31, 2022: •During February 2022, the Company received dividends of ThUS$ 3,000 from Abu Dhabi Fertilizer Industries WWL which triggered a income of ThUS$ 523 recorded in the line item other (losses), corresponding to the excess over the account receivable recognized in December 2021. (c)Transactions for the year ended December 31, 2021: •During the first quarter 2021, Kore Potash PLC made a share payment to its non-executive board members (remuneration shares) plus certain employees and former employees (performance shares) which resulted in 0.05% share reduction for the company, leaving it with 20.15%. During the second quarter of 2021, Kore Potash PLC approved a capital stock increase of ThUS$ 13,931 through the issuance of common shares, which resulted in a dilution of 5.5% of SQM shares in the company, with an impact of ThUS$ (5,778) on other gains (losses). As a result of the dilution, the Company considered that there has been a loss of significant influence on the investment, discontinued its measurement through the equity method, and recognized an amount of ThUS$ 3,739 under other gains (losses) related to items recognized in other comprehensive income associated with this investment. See Note 12.1 for more details. •As of December 31, 2021, the Company received dividends from Abu Dhabi Fertilizer Industries WWL of ThUS$ 9,438 and recognized an account receivable for ThUS$ 2,477 in dividends receivable. •On June 30, 2021, the Company made an assessment of the recovery of the investment in Abu Dhabi Fertilizer Industries WWL and recognized an impairment of ThUS$ 2,800 in other gains (losses). This impairment was reversed in the second half of the year as the recoverable value amount of the investment later increased.

X
- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity-Accounted Investees + References No definition available. + Details
Name: | sqm_EquityAccountedInvestees
Namespace Prefix: | sqm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration