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Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure of Employee benefits [Abstract]  
Disclosure of total employee defined benefit plans in statement of financial position [Text Block]
As of
December 31, 2020 and 2019
, the total staff benefits recorded in the Consolidated Statement of Financial Position is detailed as follows:
 
Employees’ Benefits
As of December 31, 2020
As of December 31, 2019
Current
Non-current
Current
Non-current
ThCh$
ThCh$
ThCh$
ThCh$
Short term benefits
33,935,007
-
27,356,205
-
Employment termination benefits (1)
5,965,581
35,678,357
-
33,571,138
Total
39,900,588
35,678,357
27,356,205
33,571,138
(1) The Company has an approved short-term retirement program.
Disclosure of Short-term employee benefits expense [Text Block]
The total short-term benefits recorded in the Consolidated Statement of Financial Position are detailed as follows:
 
Short-Term Employees’ Benefits
As of December 31,
2020
As of December 31,
2019
ThCh$
ThCh$
Vacation
s
14,381,033
11,500,170
Bonus and compensation
19,553,974
15,856,035
Total
33,935,007
27,356,205
Disclosure of termination benefits [Text Block]
The obligation recorded for severance indemnity is detailed as follows:
 
Severance Indemnity
As of December 31,
2020
As of December 31,
2019
ThCh$
ThCh$
Current
5,965,581
-
Non-current
35,678,357
33,571,138
Total
41,643,938
33,571,138
Disclosure of reimbursement rights [text block]
The change in the severance indemnity is detailed as follows:
 
Severance Indemnity
ThCh$
 
Balance as of January 1, 2019
27,095,207
Current cost of service
2,457,762
Interest cost
1,750,514
Actuarial (Gain) losses
4,086,158
Paid-up benefits
(1,773,734)
Past service cost
930,906
Conversion effect
(787,975)
Others
(187,700)
Changes
6,475,931
As of December 31, 2019
33,571,138
Current cost of service
3,077,205
Interest cost
2,343,063
Actuarial (Gain) losses
1,859,692
Paid-up benefits
(1,087,421)
Past service cost
653,426
Conversion effect
(1,146,660)
Others
2,373,495
Changes
8,072,800
As of December 31, 2020
41,643,938
Disclosure of termination benefits expense [Text Block]
The figures recorded in the Consolidated Statement of Income, are detailed as follows:
 
Expense recognized for severance indemnity
For the years ended as of December 31,
2020
2019
2018
ThCh$
ThCh$
ThCh$
Current cost of service
3,077,205
2,457,762
2,154,071
Past service cost
653,426
930,906
306,746
Non-provided paid benefits
3,718,682
3,959,881
6,547,694
Other
2,271,831
70,747
175,005
Total expense recognized in Consolidated Statement of Income
9,721,144
7,419,296
9,183,516
Disclosure of information about actuarial assumptions [Text Block] The main actuarial assumptions used for the calculation of the severance indemnity obligation are detailed as follows:
 
Actuarial Assumptions
Chile
Argentina
As of December 31,
2020
As of December 31,
2019
As of December 31,
2020
As of December 31,
2019
 
Mortality table
RV_2014
RV_2014
Gam,83
Gam,83
Annual interest rate
4.41%
4.5%
54.87%
49.14%
Voluntary employee turnover rate
1.9%
1.9%
"ESA 77 Adjusted" - 50%
"ESA 77 Adjusted" - 50%
Company’s needs rotation rate
5.3%
5.3%
"ESA 77 Adjusted" -50 %
"ESA 77 Adjusted" -50 %
Salary increase (*)
3.7%
3.7%
46.1%
45.1%
Estimated retirement age for (*)
Officers
 
60
60
60
60
Other
Male
65
65
65
65
Female
60
60
60
60
(*)
Average of the Company.
Disclosure of information about sensitivity analysis [Text Block]
The Following is a sensitivity analysis based on increased (decreased) of 1 percent on the discount rate:
 
Sensitivity Analysis
As of December 31,
2020
As of December 31,
2019
ThCh$
ThCh$
1% increase in the Discount Rate (Gain)
2,383,615
2,126,263
1% decrease in the Discount Rate (Loss)
(2,778,376)
(2,479,498)
 
 
 
Disclosure of information about other employee expense [Text Block]
The amounts recorded in the Consolidated Statement of Income are detailed as follows:
 
Personal expense
For the years ended as of December 31,
2020
2019
2018
ThCh$
ThCh$
ThCh$
Salaries
183,113,287
168,117,881
159,246,822
Employees’ short-term benefits
34,107,747
27,469,694
31,528,110
Total expenses for short-term employee benefits
217,221,034
195,587,575
190,774,932
Employments termination benefits
9,721,144
7,419,296
9,183,516
Other staff expense
37,006,715
34,115,503
32,183,184
Total (1)
263,948,893
237,122,374
232,141,632
(1)
See
Note 30 - Natures of cost and expense
.