XML 36 R14.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Cash and cash equivalents
 12 Months Ended
Dec. 31, 2023
Cash And Cash Equivalents  
Cash and cash equivalents

Note 8   Cash and cash equivalents

 

Cash and cash equivalent balances are detailed as follows:

 

     
  As of December 31, 2023 As of December 31, 2022 As of December 31, 2021
ThCh$ ThCh$ ThCh$
Cash on hand 279,521 239,542 182,491
Bank balances 367,146,884 179,097,293 68,131,885
Cash 367,426,405 179,336,835 68,314,376
Time deposits 186,368,967 389,303,495 54,890,333
Securities purchased under resale agreements 49,038,418 12,115,866 109,332,901
Investments in mutual funds 15,320,226 16,325,479 33,030,515
Short term investments classified as cash equivalents 64,358,644 28,441,345 142,363,416
Cash equivalents 250,727,611 417,744,840 197,253,749
Total 618,154,016 597,081,675 265,568,125

 

The composition of cash and cash equivalents by currency as of December 31, 2023, is detailed as follows:

 

                 
  Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total
ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$
Cash on hand 77,058 1,866 – 2,351 – – 198,246 – 279,521
Bank balances 40,999,695 314,407,436 1,516,762 4,563,501 1,848,902 2,147,017 871,189 792,382 367,146,884
Cash 41,076,753 314,409,302 1,516,762 4,565,852 1,848,902 2,147,017 1,069,435 792,382 367,426,405
Time deposits – 185,464,394 – 117,857 786,716 – – – 186,368,967
Securities purchased under resale agreements 49,038,418 – – – – – – – 49,038,418
Investments in mutual funds 245,651 – – 15,074,575 – – – – 15,320,226
Short term investments classified as cash equivalents 49,284,069 – – 15,074,575 – – – – 64,358,644
Cash equivalents 49,284,069 185,464,394 – 15,192,432 786,716 – – – 250,727,611
Total 90,360,822 499,873,696 1,516,762 19,758,284 2,635,618 2,147,017 1,069,435 792,382 618,154,016

 

 

The composition of cash and cash equivalents by currency as of December 31, 2022, is detailed as follows:

 

  Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total
ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$
Cash on hand 77,160 2,553 – 9,494 – – 150,335 – 239,542
Bank balances 34,284,961 135,390,795 555,639 2,982,055 1,170,848 2,681,005 532,059 1,499,931 179,097,293
Cash 34,362,121 135,393,348 555,639 2,991,549 1,170,848 2,681,005 682,394 1,499,931 179,336,835
Time deposits 1,702,165 387,601,330 – – – – – – 389,303,495
Securities purchased under resale agreements 12,115,866 – – – – – – – 12,115,866
Investments in mutual funds – – – 16,325,479 – – – – 16,325,479
Short term investments classified as cash equivalents 12,115,866 – – 16,325,479 – – – – 28,441,345
Cash equivalents 13,818,031 387,601,330 – 16,325,479 – – – – 417,744,840
Total 48,180,152 522,994,678 555,639 19,317,028 1,170,848 2,681,005 682,394 1,499,931 597,081,675

 

The composition of cash and cash equivalents by currency as of December 31, 2021, is detailed as follows:

 

 

  Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total
ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$
Cash on hand 62,430 3,524 – 10,256 – – 106,281 – 182,491
Bank balances 48,562,230 8,248,242 2,495,431 3,266,761 1,498,157 1,264,251 318,107 2,478,706 68,131,885
Cash 48,624,660 8,251,766 2,495,431 3,277,017 1,498,157 1,264,251 424,388 2,478,706 68,314,376
Time deposits 16,257,047 24,073,959 – 14,559,327 – – – – 54,890,333
Securities purchased under resale agreements 109,332,901 – – – – – – – 109,332,901
Investments in mutual funds – – – 33,030,515 – – – – 33,030,515
Short term investments classified as cash equivalents 109,332,901 – – 33,030,515 – – – – 142,363,416
Cash equivalents 125,589,948 24,073,959 – 47,589,842 – – – – 197,253,749
Total 174,214,608 32,325,725 2,495,431 50,866,859 1,498,157 1,264,251 424,388 2,478,706 265,568,125

 

The composition of time deposits is detailed as follows:

 

As of December 31, 2023:

 

         
Financial entity Date of placement Due date Currency Amount Monthly interest rate (%)
ThCh$
Banco Itaú - Uruguay 12-28-2023 01-04-2024 UY 449,552 0.64
Banco Supervielle - Argentina 12-07-2023 01-08-2024 ARS 117,857 10.50
Citibank - Uruguay 12-29-2023 01-02-2024 UY 280,970 0.52
Scotiabank - Uruguay 12-29-2023 01-29-2024 UY 56,194 0.58
Sumitomo Mitsui Banking Corporation - United States 11-24-2023 01-26-2024 USD 141,450,646 0.46
The Bank Of Nova Scotia Toronto - Canada 12-08-2023 03-06-2024 USD 44,013,748 0.47
Total       186,368,967  

 

As of December 31, 2022:

 

Financial entity Date of placement Due date Currency Amount Monthly interest rate (%)
ThCh$
Citibank N.A. - United States 12-19-2022 01-19-2023 USD 214,295,932 0.39
Scotia Corredora de Bolsa Chile S.A. 12-27-2022 01-03-2023 CLP 1,702,165 0.96
Sumitomo Mitsui Banking Corporation - United States 11-03-2022 01-03-2023 USD 43,316,249 0.35
Sumitomo Mitsui Banking Corporation - United States 12-27-2022 01-26-2023 USD 129,989,149 0.37
Total       389,303,495  

 

As of December 31, 2021:

 

 

Financial entity Date of placement Due date Currency Amount Monthly interest rate (%)
ThCh$
Banco BBVA - Argentina 12-23-2021 01-21-2022 ARS 4,142,029 2.50
Banco de Chile 12-29-2021 01-05-2022 USD 5,490,491 0.02
Banco de Chile 12-23-2021 01-04-2022 CLP 3,502,613 0.28
Banco de Chile 12-29-2021 01-13-2022 CLP 4,750,887 0.28
Banco Macro - Argentina 12-13-2021 01-12-2022 ARS 1,255,315 2.83
Banco Patagonia - Argentina 12-16-2021 01-17-2022 ARS 3,338,315 2.83
Banco Patagonia - Argentina 12-28-2021 01-27-2022 ARS 2,476,161 2.83
Banco Santander - Chile 12-27-2021 01-04-2022 CLP 8,003,547 0.33
Banco Santander - Chile 12-27-2021 01-27-2022 USD 6,757,670 0.20
Banco Santander - Chile 12-29-2021 01-27-2022 USD 11,825,798 0.21
Banco Santander Río - Argentina 12-13-2021 01-12-2022 ARS 3,347,507 2.83
Total       54,890,333  

 

The composition of securities purchased under resale agreements is detailed as follows:

 

As of December 31, 2023:

 

 

           
Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%)
ThCh$
BancoEstado S.A. Corredores de Bolsa - Chile Banco Consorcio - Chile 12-21-2023 01-04-2024 CLP 501,150 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Banco Consorcio - Chile 12-29-2023 01-04-2024 CLP 499,358 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco Consorcio - Chile 12-29-2023 01-04-2024 CLP 68,791 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Chile 12-21-2023 01-04-2024 CLP 44,421 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-29-2023 01-04-2024 CLP 229,595 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-29-2023 01-04-2024 CLP 270,638 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-21-2023 01-04-2024 CLP 1,831,429 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-21-2023 01-04-2024 CLP 659,321 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-29-2023 01-04-2024 CLP 96,860 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-21-2023 01-04-2024 CLP 501,150 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Banco Santander - Chile 12-21-2023 01-04-2024 CLP 1,223,454 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Banco Santander - Chile 12-29-2023 01-04-2024 CLP 156,239 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco Santander - Chile 12-29-2023 01-04-2024 CLP 88,694 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco Santander - Chile 12-29-2023 01-04-2024 CLP 76,362 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco Santander - Chile 12-29-2023 01-04-2024 CLP 214,256 0.70
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-21-2023 01-04-2024 CLP 501,150 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-28-2023 01-04-2024 CLP 800,552 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-28-2023 01-04-2024 CLP 1,501,035 0.69
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-21-2023 01-04-2024 CLP 1,503,450 0.69
BCI Corredores de Bolsa Chile S.A. Banco de Chile 12-28-2023 01-02-2024 CLP 1,000,690 0.69
BCI Corredores de Bolsa Chile S.A. Banco de Chile 12-29-2023 01-11-2024 CLP 1,979,530 0.70
BCI Corredores de Bolsa Chile S.A. Banco Itaú Corpbanca - Chile 12-29-2023 01-11-2024 CLP 983,920 0.70
BCI Corredores de Bolsa Chile S.A. Banco Santander - Chile 12-29-2023 01-11-2024 CLP 372,324 0.70
BCI Corredores de Bolsa Chile S.A. Banco Security - Chile 12-29-2023 01-11-2024 CLP 979,874 0.70
BCI Corredores de Bolsa Chile S.A. Scotiabank Chile 12-29-2023 01-11-2024 CLP 2,295,554 0.70
BCI Corredores de Bolsa Chile S.A. Scotiabank Chile 12-29-2023 01-11-2024 CLP 2,292,952 0.70
Scotia Corredora de Bolsa Chile S.A. Banco Bice - Chile 12-28-2023 01-04-2024 CLP 1,100,759 0.69
Scotia Corredora de Bolsa Chile S.A. Banco Consorcio - Chile 12-29-2023 01-11-2024 CLP 2,301,073 0.70
Scotia Corredora de Bolsa Chile S.A. Banco Consorcio - Chile 12-29-2023 01-11-2024 CLP 700,327 0.70
Scotia Corredora de Bolsa Chile S.A. Banco de Chile 12-28-2023 01-02-2024 CLP 2,601,795 0.69
Scotia Corredora de Bolsa Chile S.A. Banco de Chile 12-28-2023 01-04-2024 CLP 400,276 0.69
Scotia Corredora de Bolsa Chile S.A. Banco de Chile 12-26-2023 01-04-2024 CLP 1,501,725 0.69
Scotia Corredora de Bolsa Chile S.A. Banco de Chile 12-29-2023 01-11-2024 CLP 1,306,588 0.70
Scotia Corredora de Bolsa Chile S.A. Banco de Chile 12-29-2023 01-11-2024 CLP 1,694,812 0.70
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-29-2023 01-11-2024 CLP 1,965,032 0.70
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-29-2023 01-11-2024 CLP 2,737,161 0.70
Scotia Corredora de Bolsa Chile S.A. Banco Itaú Corpbanca - Chile 12-29-2023 01-11-2024 CLP 3,001,400 0.70
Scotia Corredora de Bolsa Chile S.A. Banco Santander - Chile 12-27-2023 01-04-2024 CLP 965,912 0.69
Scotia Corredora de Bolsa Chile S.A. Banco Santander - Chile 12-27-2023 01-04-2024 CLP 135,100 0.69
Scotia Corredora de Bolsa Chile S.A. Banco Santander - Chile 12-29-2023 01-11-2024 CLP 2,755,387 0.70
Scotia Corredora de Bolsa Chile S.A. Banco Santander - Chile 12-29-2023 01-11-2024 CLP 2,847,226 0.70
Scotia Corredora de Bolsa Chile S.A. Banco Security - Chile 12-29-2023 01-11-2024 CLP 350,163 0.70
Scotia Corredora de Bolsa Chile S.A. Scotiabank Chile 12-29-2023 01-11-2024 CLP 350,163 0.70
Scotia Corredora de Bolsa Chile S.A. Scotiabank Chile 12-29-2023 01-02-2024 CLP 650,303 0.70
Scotia Corredora de Bolsa Chile S.A. Scotiabank Chile 12-29-2023 01-09-2024 CLP 1,000,467 0.70
Total         49,038,418  

 

(*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate.

As of December 31, 2022:

 

Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%)
ThCh$
Banchile Corredores de Bolsa S.A. Banco Itaú Corpbanca - Chile 12-30-2022 01-03-2023 CLP 1,000,300 0.90
BancoEstado S.A. Corredores de Bolsa - Chile Banco Bice - Chile 12-22-2022 01-12-2023 CLP 802,280 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Central de Chile 12-29-2022 01-03-2023 CLP 699,139 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Central de Chile 12-29-2022 01-05-2023 CLP 349,569 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Central de Chile 12-27-2022 01-03-2023 CLP 1,859,195 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Consorcio - Chile 12-27-2022 01-03-2023 CLP 143,338 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-22-2022 01-12-2023 CLP 501,425 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-22-2022 01-12-2023 CLP 519,243 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-22-2022 01-12-2023 CLP 1,486,457 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Santander - Chile 12-29-2022 01-05-2023 CLP 652 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Santander - Chile 12-29-2022 01-03-2023 CLP 1,304 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-27-2022 01-03-2023 CLP 426,919 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-27-2022 01-03-2023 CLP 5,447 0.95
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-27-2022 01-03-2023 CLP 168,394 0.95
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-30-2022 01-03-2023 CLP 797,417 0.96
Scotia Corredora de Bolsa Chile S.A. Banco Estado de Chile 12-30-2022 01-03-2023 CLP 503,000 0.96
Scotia Corredora de Bolsa Chile S.A. Banco Estado de Chile 12-30-2022 01-05-2023 CLP 2,500,800 0.96
Scotia Corredora de Bolsa Chile S.A. Banco Itaú Corpbanca - Chile 12-22-2022 01-12-2023 CLP 350,987 0.94
Total         12,115,866  

 

(*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate.

 

As of December 31, 2021: 

 

Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%)
ThCh$
BancoEstado S.A. Corredores de Bolsa - Chile Banco Bice - Chile 12-27-2021 01-04-2022 CLP 500,213 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Central de Chile 12-27-2021 01-04-2022 CLP 6,992,381 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Central de Chile 12-28-2021 01-06-2022 CLP 7,397,112 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Consorcio - Chile 12-28-2021 01-06-2022 CLP 133,547 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Consorcio - Chile 12-28-2021 01-06-2022 CLP 2,500,800 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Chile 12-30-2021 01-06-2022 CLP 298,203 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Chile 12-30-2021 01-06-2022 CLP 3,207,336 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Chile 12-30-2021 01-06-2022 CLP 2,995,176 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Chile 12-24-2021 01-04-2022 CLP 3,502,532 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-27-2021 01-04-2022 CLP 900,384 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-28-2021 01-06-2022 CLP 3,086,710 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco de Crédito e Inversiones - Chile 12-28-2021 01-06-2022 CLP 319,990 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco del Estado de Chile 12-28-2021 01-06-2022 CLP 66,161 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-30-2021 01-06-2022 CLP 2,500,275 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-27-2021 01-04-2022 CLP 1,200,512 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-30-2021 01-11-2022 CLP 500,055 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-28-2021 01-06-2022 CLP 1,500,480 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-28-2021 01-06-2022 CLP 2,000,640 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Itaú Corpbanca - Chile 12-30-2021 01-06-2022 CLP 2,500,275 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-30-2021 01-04-2022 CLP 1,000,110 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-27-2021 01-04-2022 CLP 500,213 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-28-2021 01-06-2022 CLP 1,500,480 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-30-2021 01-11-2022 CLP 1,000,110 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-28-2021 01-06-2022 CLP 1,500,480 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Banco Security - Chile 12-30-2021 01-04-2022 CLP 1,000,110 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-27-2021 01-04-2022 CLP 3,011,885 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-30-2021 01-06-2022 CLP 7,000,770 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-27-2021 01-04-2022 CLP 400,171 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-27-2021 01-04-2022 CLP 300,128 0.30
BancoEstado S.A. Corredores de Bolsa - Chile Scotiabank Chile 12-28-2021 01-06-2022 CLP 10,003,200 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Bice - Chile 12-30-2021 01-06-2022 CLP 1,980,643 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Central de Chile 12-24-2021 01-04-2022 CLP 999,477 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Consorcio - Chile 12-30-2021 01-06-2022 CLP 4,667,502 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Consorcio - Chile 12-29-2021 01-06-2022 CLP 1,500,320 0.30
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-30-2021 01-06-2022 CLP 2,387,785 0.30
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-28-2021 01-06-2022 CLP 2,778,877 0.30
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-24-2021 01-04-2022 CLP 1,272,246 0.30
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-24-2021 01-04-2022 CLP 446,271 0.30
Scotia Corredora de Bolsa Chile S.A. Banco de Crédito e Inversiones - Chile 12-24-2021 01-04-2022 CLP 1,284,900 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Itaú Corpbanca - Chile 12-28-2021 01-06-2022 CLP 4,723,523 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Security - Chile 12-30-2021 01-06-2022 CLP 2,977,040 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Security - Chile 12-23-2021 01-04-2022 CLP 2,502,133 0.30
Scotia Corredora de Bolsa Chile S.A. Banco Security - Chile 12-24-2021 01-04-2022 CLP 2,501,808 0.30
Scotia Corredora de Bolsa Chile S.A. Scotiabank Chile 12-30-2021 01-06-2022 CLP 4,996,985 0.30
Scotia Corredora de Bolsa Chile S.A. Scotiabank Chile 12-30-2021 01-06-2022 CLP 2,992,312 0.30
Scotia Corredora de Bolsa Chile S.A. Scotiabank Chile 12-28-2021 01-06-2022 CLP 2,000,640 0.30
Total         109,332,901  

 

(*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate.

 

 

Payments for business acquisitions are detailed as follows:

 

     
  For the years ended as of December 31,
2023 2022 2021
ThCh$ ThCh$ ThCh$
Total disbursement per business acquisition        
Other cash payment to acquire interests in joint ventures (1)   7,086,899 36,465,915 5,791,718
Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control (2) 3,205,058 438,105 12,207,458
Cash flows used to obtain control of subsidiaries or other businesses (3)   2,000,000 – –
         

 

 

(1)See Note 16 - Investments accounted for using equity method, number (2) for 2023, 2022 and 2021 and number (3) for 2023 and 2022 .
(2)See Note 1 - General Information, letter C, number (10) for 2023, number (3) for 2022 and numbers (3) and (14) for 2021 .
(3)See Note 15 - Business combinations letter a).