Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Document Type | 20-F/A |
Amendment Flag | true |
Document Period End Date | Dec. 31, 2022 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | ARAUCO & CONSTITUTION PULP INC |
Entity Central Index Key | 0001004156 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | No |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 120,474,350 |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
Entity Interactive Data Current | Yes |
Document Registration Statement | false |
Entity File Number | 33-99720 |
Entity Address, Country | CL |
ICFR Auditor Attestation Flag | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Incorporation, State or Country Code | F3 |
Entity Address, Address Line One | Avenida El Golf 150 |
Entity Address, Address Line Two | 14th Floor |
Entity Address, Address Line Three | Las Condes |
Entity Address, City or Town | Santiago |
Entity Address, Postal Zip Code | 7550107 |
Auditor Firm ID | 1364 |
Auditor Name | PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada |
Auditor Location | Santiago, Chile |
Amendment Description | EXPLANATORY NOTE Celulosa Arauco y Constitución S.A. (Arauco and Constitution Pulp Inc.) is filing this Amendment No. 1 on Form 20-F/A to its Annual Report on Form 20-F for the fiscal year ended December 31, 2022, as filed with the Securities and Exchange Commission on April 19, 2023, to include the certifications that were omitted, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 filed herein as Exhibit 13.1 and Exhibit 13.2, and the certifications pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, filed herein as Exhibit 12.1 and Exhibit 12.2. Other than as expressly set forth above, this Amendment No. 1 does not, and does not purport to, revise, update, amend or restate the information presented in any Item of the previously filed Form 20-F, nor does it reflect any events that have occurred after the filing of the previously filed Form 20-F. |
Business Contact [Member] | |
Document Information [Line Items] | |
Entity Address, Country | CL |
Entity Address, Address Line One | Avenida El Golf 150 |
Entity Address, Address Line Two | 14th Floor |
Entity Address, Address Line Three | Las Condes |
Entity Address, City or Town | Santiago |
Entity Address, Postal Zip Code | 7550107 |
City Area Code | 56 |
Local Phone Number | 56-2-2461-7200 |
Contact Personnel Email Address | gianfranco.truffello@arauco.com |
Contact Personnel Name | Gianfranco Truffello |
Contact Personnel Fax Number | 56-2-2461-7200 |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash and cash equivalents | $ 667,207 | $ 1,011,100 |
Other current financial assets | 15,350 | 5,865 |
Other current non-financial assets | 206,059 | 167,890 |
Trade and other current receivables | 878,008 | 979,923 |
Accounts receivable from related companies | 2,850 | 5,559 |
Current inventories | 1,470,011 | 1,176,898 |
Current biological assets | 330,435 | 329,586 |
Current tax assets | 203,722 | 233,065 |
Total current assets other than assets or disposal groups classified as held for sale | 3,773,642 | 3,909,886 |
Non-current assets or disposal groups classified as held for sale | 1,279 | 14,158 |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners | 1,279 | 14,158 |
Total current assets | 3,774,921 | 3,924,044 |
Non-current assets | ||
Other non-current financial assets | 63,321 | 10,525 |
Other non-current non-financial assets | 92,514 | 88,549 |
Non-current receivables | 32,674 | 14,338 |
Investments accounted for using equity method | 365,671 | 336,642 |
Intangible assets other than goodwill | 73,439 | 84,210 |
Goodwill | 54,800 | 57,697 |
Property, plant and equipment | 9,542,335 | 8,955,666 |
Right of use assets | 306,487 | 180,106 |
Non-current biological assets | 2,864,935 | 3,008,897 |
Deferred tax assets | 9,011 | 7,637 |
Total non-current assets | 13,405,187 | 12,744,267 |
Total assets | 17,180,108 | 16,668,311 |
Current Liabilities | ||
Other current financial liabilities | 375,451 | 339,441 |
Current lease liabilities | 36,784 | 49,603 |
Trade and other current payables | 812,838 | 738,457 |
Accounts payable to related companies | 14,280 | 2,577 |
Other short-term provisions | 9,513 | 337 |
Current tax liabilities | 26,869 | 127,981 |
Current provisions for employee benefits | 7,571 | 4,593 |
Other current non-financial liabilities | 242,978 | 173,654 |
Total current liabilities other than liabilities included in disposal groups classified as held for sale | 1,526,284 | 1,436,643 |
Total current liabilities | 1,526,284 | 1,436,643 |
Non-current liabilities | ||
Other non-current financial liabilities | 5,155,371 | 5,374,864 |
Non-current lease liabilities | 227,440 | 113,701 |
Non-current payables | 20,116 | 2,272 |
Non-current accounts payable to related companies | 6,731 | 0 |
Other long-term provisions | 40,706 | 29,549 |
Deferred tax liabilities | 1,785,915 | 1,747,805 |
Non-current provisions for employee benefits | 87,689 | 67,967 |
Other non-current non-financial liabilities | 69,872 | 77,006 |
Total non-current liabilities | 7,393,840 | 7,413,164 |
Total liabilities | 8,920,124 | 8,849,807 |
Equity | ||
Issued capital | 803,618 | 803,618 |
Retained earnings | 8,500,901 | 8,248,185 |
Other reserves | (1,049,724) | (1,241,070) |
Equity attributable to parent company | 8,254,795 | 7,810,733 |
Non-controlling interests | 5,189 | 7,771 |
Total equity | 8,259,984 | 7,818,504 |
Total equity and liabilities | $ 17,180,108 | $ 16,668,311 |
CONSOLIDATED STATEMENTS OF PROF
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statements of profit or loss | |||
Revenue | $ 7,102,070 | $ 6,349,761 | $ 4,732,869 |
Cost of sales | (4,274,496) | (3,681,603) | (3,445,284) |
Gross profit | 2,827,574 | 2,668,158 | 1,287,585 |
Other income | 100,129 | 378,977 | 283,816 |
Distribution costs | (922,226) | (682,996) | (535,704) |
Administrative expenses | (613,608) | (577,147) | (510,137) |
Other expense by function | (373,889) | (192,101) | (182,883) |
Profit from operating activities | 1,017,980 | 1,594,891 | 342,677 |
Finance income | 72,116 | 33,499 | 29,449 |
Finance costs | (200,366) | (219,982) | (268,179) |
Share of profit (loss) of associates and joint ventures accounted for using equity method | 33,684 | 31,386 | 2,317 |
Gains (losses) on exchange differences on translation | (77,067) | (5,281) | (39,111) |
Profit before income tax | 846,347 | 1,434,513 | 67,153 |
Income tax expense | (142,121) | (402,914) | (41,848) |
Net profit | 704,226 | 1,031,599 | 25,305 |
Net profit attributable to | |||
Net profit attributable to parent company | 704,480 | 1,030,812 | 25,843 |
Net profit (loss) attributable to non-controlling interests | (254) | 787 | (538) |
Net profit | $ 704,226 | $ 1,031,599 | $ 25,305 |
Basic and diluted earnings per share (in U.S.$ per share) | |||
Basic and diluted earnings per share from continuing operations | $ 5.8476 | $ 8.6322 | $ 0.2262 |
Basic and diluted earnings per share | $ 5.8476 | $ 8.6322 | $ 0.2262 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Net profit | $ 704,226 | $ 1,031,599 | $ 25,305 |
Remeasurements of defined benefit plans | |||
Other comprehensive income before tax gains losses on remeasurements of defined benefit plans | (20,011) | (1,479) | (283) |
Other comprehensive income that will not be reclassified to profit or loss before tax | (20,011) | (1,479) | (283) |
Exchange differences on translation | |||
Gains (losses) on exchange differences on translation, before tax | 57,867 | (80,965) | (183,419) |
Other comprehensive income before tax exchange differences on translation | 57,867 | (80,965) | (183,419) |
Cash flow hedges | |||
Gains (losses) on cash flow hedges, before tax | 186,911 | (84,879) | 8,222 |
Reclassification adjustments on cash flow hedges before tax | (9,577) | (45,426) | (67,785) |
Other comprehensive income before tax cash flow hedges | 177,334 | (130,305) | (59,563) |
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss before tax | 9,968 | 2,590 | (716) |
Other comprehensive income that will be reclassified to profit or loss before tax | 245,169 | (208,680) | (243,698) |
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss before tax | |||
Income tax relating to remeasurements of defined benefit plans of other comprehensive income | 5,403 | 438 | 68 |
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss before tax | 5,403 | 438 | 68 |
Income tax relating to components of other comprehensive Income that will be reclassified to profit or loss before tax | |||
Income tax relating to cash flow hedges of other comprehensive income | (50,587) | 30,453 | 13,546 |
Income tax relating to share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss | (2,396) | (696) | 355 |
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss | (52,983) | 29,757 | 13,901 |
Other comprehensive income (loss) | 177,578 | (179,964) | (230,012) |
Total comprehensive income (loss) | 881,804 | 851,635 | (204,707) |
Comprehensive Income attributable to | |||
Comprehensive income (loss), attributable to owners of parent company | 882,057 | 857,938 | (199,682) |
Comprehensive income (loss), attributable to non-controlling interests | (253) | (6,303) | (5,025) |
Total comprehensive income (loss) | $ 881,804 | $ 851,635 | $ (204,707) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Total | Issued capital [Member] | Reserve of exchange differences on translation [Member] | Reserve of cash flow hedges [Member] | Reserve of actuarial losses on defined benefit plans [Member] | Other reserves [Member] | Total other reserves [Member] | Retained Earnings [Member] | Equity attributable to owners of parent [Member] | Non-controlling interests [Member] |
Opening balance at Dec. 31, 2019 | $ 7,369,415 | $ 353,618 | $ (902,387) | $ 9,010 | $ (19,511) | $ 20,024 | $ (892,864) | $ 7,873,650 | $ 7,334,404 | $ 35,011 |
Comprehensive income | ||||||||||
Net profit | 25,305 | 0 | 0 | 0 | 0 | 0 | 0 | 25,843 | 25,843 | (538) |
Other comprehensive income, net of tax | (230,012) | 0 | (178,933) | (46,017) | (214) | (361) | (225,525) | (225,525) | (4,487) | |
Comprehensive income | (204,707) | 0 | (178,933) | (46,017) | (214) | (361) | (225,525) | 25,843 | (199,682) | (5,025) |
Issue of equity | 251,236 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 | 1,236 |
Dividends | (309) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (309) |
Increase (decrease) from transfers and other changes | 0 | 0 | 0 | 0 | 0 | 9,592 | 9,592 | (9,592) | 0 | 0 |
Changes in equity | 46,220 | 250,000 | (178,933) | (46,017) | (214) | 9,231 | (215,933) | 16,251 | 50,318 | (4,098) |
Closing balance at Dec. 31, 2020 | 7,415,635 | 603,618 | (1,081,320) | (37,007) | (19,725) | 29,255 | (1,108,797) | 7,889,901 | 7,384,722 | 30,913 |
Comprehensive income | ||||||||||
Net profit | 1,031,599 | 0 | 0 | 0 | 0 | 0 | 0 | 1,030,812 | 1,030,812 | 787 |
Other comprehensive income, net of tax | (179,964) | 0 | (73,875) | (99,852) | (1,041) | 1,894 | (172,874) | 0 | (172,874) | (7,090) |
Comprehensive income | 851,635 | 0 | (73,875) | (99,852) | (1,041) | 1,894 | (172,874) | 1,030,812 | 857,938 | (6,303) |
Issue of equity | 200,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 | 0 |
Dividends | (596,215) | 0 | 0 | 0 | 0 | 0 | 0 | (596,012) | (596,012) | (203) |
Increase (decrease) from transfers and other changes | (35) | 0 | 0 | 0 | 0 | 40,601 | 40,601 | (40,636) | (35) | 0 |
Increase (decrease) from changes in the interests of subsidiaries that do not imply loss of control | (52,516) | 0 | 0 | 0 | 0 | 0 | 0 | (35,880) | (35,880) | (16,636) |
Changes in equity | 402,869 | 200,000 | (73,875) | (99,852) | (1,041) | 42,495 | (132,273) | 358,284 | 426,011 | (23,142) |
Closing balance at Dec. 31, 2021 | 7,818,504 | 803,618 | (1,155,195) | (136,859) | (20,766) | 71,750 | (1,241,070) | 8,248,185 | 7,810,733 | 7,771 |
Comprehensive income | ||||||||||
Net profit | 704,226 | 0 | 0 | 0 | 0 | 0 | 0 | 704,480 | 704,480 | (254) |
Other comprehensive income, net of tax | 177,578 | 0 | 57,866 | 126,747 | (14,608) | 7,572 | 177,577 | 0 | 177,577 | 1 |
Comprehensive income | 881,804 | 0 | 57,866 | 126,747 | (14,608) | 7,572 | 177,577 | 704,480 | 882,057 | (253) |
Dividends | (440,324) | 0 | 0 | 0 | 0 | 0 | 0 | (437,995) | (437,995) | (2,329) |
Increase (decrease) from transfers and other changes | 0 | 0 | 0 | 0 | 0 | 13,769 | 13,769 | (13,769) | 0 | 0 |
Changes in equity | 441,480 | 0 | 57,866 | 126,747 | (14,608) | 21,341 | 191,346 | 252,716 | 444,062 | (2,582) |
Closing balance at Dec. 31, 2022 | $ 8,259,984 | $ 803,618 | $ (1,097,329) | $ (10,112) | $ (35,374) | $ 93,091 | $ (1,049,724) | $ 8,500,901 | $ 8,254,795 | $ 5,189 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Classes of cash receipts from operating activities | |||
Receipts from sales of goods and rendering of services | $ 7,630,153 | $ 6,385,257 | $ 4,911,135 |
Receipts from rents and subsequent sales of such assets | 3,815 | 1,280 | 0 |
Other cash receipts from operating activities | 551,357 | 530,229 | 731,871 |
Classes of cash payments | |||
Payments to suppliers for goods and services | (5,244,822) | (4,116,093) | (3,417,281) |
Payments to and on behalf of employees | (656,540) | (607,029) | (590,978) |
Payments to acquire assets held for rental to others | (27,405) | 0 | 0 |
Other cash payments from operating activities | (167,533) | (141,588) | (269,228) |
Interest paid | (259,052) | (260,394) | (265,644) |
Interest received | 76,581 | 32,381 | 18,033 |
Income taxes (paid) refunded | (204,954) | 115,791 | 18,650 |
Other inflows (outflows) of cash, net | (1,108) | (503) | 5,586 |
Net cash flow from (used in) operating activities | 1,700,492 | 1,939,331 | 1,142,144 |
Cash flows from (used in) investing activities | |||
Cash flow from losing control of subsidiaries and other businesses | 0 | 47,988 | 0 |
Cash flow used in obtaining control of subsidiaries or other businesses | 0 | (797) | (4,054) |
Cash flow used in the purchase of non-controlling interests | (14) | (34) | (3) |
Other cash receipts from sales of equity or debt instruments of other entities | 1,878 | 0 | 943 |
Other cash payments to acquire equity or debt instruments of other entities | (9,665) | 0 | 0 |
Other cash receipts from sales of interests in joint ventures | 0 | 2,621 | 0 |
Other cash payments to acquire interests in joint ventures | (176) | (7,759) | (15,376) |
Loans to related entities | (3,304) | (1,891) | 0 |
Proceeds from sale of property, plant and equipment | 33,177 | 106,707 | 12,666 |
Purchase of property, plant and equipment | (1,271,742) | (1,316,803) | (1,497,215) |
Proceeds from sales of intangible assets | 314 | 0 | 0 |
Purchase of intangible assets | (6,251) | (6,994) | (12,374) |
Proceeds from other long-term assets | 51,934 | 256,659 | 36,516 |
Purchase of other long-term assets | (300,209) | (218,918) | (207,398) |
Dividends received | 33,980 | 3,049 | 4,042 |
Other inflows (outflows) of cash, net | 102 | (59) | 3,398 |
Cash flows from (used in) investing activities | (1,469,976) | (1,136,231) | (1,678,855) |
Cash flows from (used in) financing activities | |||
Cash flow used in the purchase of non-controlling interests | 0 | (52,782) | 0 |
Proceeds from issuing shares | 0 | 200,000 | 250,000 |
Total proceeds from borrowings | 318,357 | 167,962 | 412,077 |
Proceeds from long-term borrowings | 82,207 | 87,962 | 239,827 |
Proceeds from short-term borrowings | 236,150 | 80,000 | 172,250 |
Repayments of borrowings | (397,977) | (596,490) | (520,474) |
Payments of lease liabilities | (65,000) | (67,895) | (75,233) |
Dividends paid | (380,969) | (471,167) | (955) |
Other inflows (outflows) of cash, net | (1,630) | (1,869) | (9,211) |
Cash flows from (used in) financing activities | (527,219) | (822,241) | 56,204 |
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (296,703) | (19,141) | (480,507) |
Effect of exchange rate changes on cash and cash equivalents | (47,190) | (34,473) | (14,791) |
Net increase (decrease) of cash and cash equivalents | (343,893) | (53,614) | (495,298) |
Cash and cash equivalents, at the beginning of the period | 1,011,100 | 1,064,714 | 1,560,012 |
Cash and cash equivalents, at the end of the period | $ 667,207 | $ 1,011,100 | $ 1,064,714 |
PRESENTATION OF CONSOLIDATED FI
PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Presentation of Consolidated Financial Statements [Abstract] | |
Presentation Of Consolidated Financial Statements | N Entity Information Celulosa Arauco y Constitución S.A. and subsidiaries, (hereafter “Arauco” or the “Company”), tax identification number 93,458,000-1, is a closely held corporation, which was registered in the Securities Registry (the “Registry”) of the Chilean Commission for the Financial Market (“CMF”) as No. 042 on June 14, 1982. Additionally, the Company is registered as a non-accelerated filer in the Securities and Exchange Commission (SEC) of the United States of America. The Company’s head office address is El Golf Avenue 150, 14 th Arauco is principally engaged in the production and sale of products related to the forestry and timber industries. Its main operations are focused on business areas of pulp and wood products. As of December 31, 2022, Arauco is controlled by Empresas Copec S.A., tax identification number 90,690,000-9, which owns 99.999916% of Arauco, and is registered in the Securities Registry as No. 0028. Each of the above mentioned companies is subject to the oversight of the CMF. Moreover, Empresas Copec S.A. is controlled by the public corporation AntarChile S.A., tax identification number 96,556,310-5, which owns 60.8208% of Empresas Copec S.A. Furthermore, the ultimate shareholders of AntarChile S.A. and, consequently, of Empresas Copec S.A., are Mr. Roberto Angelini Rossi, tax identification number 5,625,652-0, and Mrs. Patricia Angelini Rossi, tax identification number 5,765,170-9. Arauco’s consolidated financial statements were prepared on a going concern basis. Presentation of consolidated financial statements The financial statements presented by Arauco are comprised by the following: -Consolidated statements of financial position as of December 31, 2022 and 2021. -Consolidated statements of profit or loss for the years ended December 31, 2022, 2021 and 2020. -Consolidated statements of comprehensive income for the years ended December 31, 2022, 2021 and 2020. -Consolidated statements of changes in equity for the years ended December 31, 2022, 2021 and 2020. -Consolidated statements of cash flows for the years ended December 31, 2022, 2021 and 2020. -Explanatory disclosures (notes). Period Covered by the consolidated financial statements As of December 31, 2022 and 2021 and for the periods between January 1 and December 31 of 2022, 2021 and 2020. Date of Approval of consolidated financial statements These consolidated financial statements were approved by the Board of Directors of the Company (the “Board”) at the Extraordinary Meeting on April 13 Abbreviations used in this report: IFRS - International Financial Reporting Standards. IASB - International Accounting Standards Board. IAS - International Accounting Standards. IFRIC - International Financial Reporting Standards Interpretations Committee. MU.S.$ - Millions of U.S. dollars. ThU.S.$ - Thousands of U.S. dollars. U.F. – Inflation index-linked units of account. UTA – Annual Tax Unit. ICMS – Tax movement of inventories and services (Brazil). ThCLP$ - Thousands of Chilean Pesos. ThR$ - Thousands of Brazilian real. Functional and Presentation Currency Arauco and most of its subsidiaries determined the United States (“U.S.”) dollar as its functional currency since the majority of its revenues from sales of its products are derived from exports denominated in U.S. dollars, while their costs of sales are to a large extent related or indexed to the U.S. dollar. For the pulp reportable segment, most of the sales are exports denominated in U.S. dollars and costs are mainly related to plantation costs which are settled in U.S. dollars. For the wood reportable segment, although total sales include a mix of domestic and exports sales, prices of the products are established in U.S. dollars, which is also the case for the cost structure of the related raw materials. In relation to the cost of sales, although labor and services costs are generally billed and paid in local currency, these costs are not as significant as the costs of raw materials, which are driven mainly by global markets and therefore, influenced mostly by the U.S. dollar. The currency used to finance operations is mainly the U.S. dollar. The presentation currency of the consolidated financial statements is the U.S. dollar. Figures on these consolidated financial statements are presented in thousands of U.S. dollar (ThU.S.$). Summary of significant accounting policies a) Basis for preparation of the consolidated financial statements These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and they represent the explicit and unreserved adoption of IFRS. The consolidated financial statements have been prepared on a historical cost basis, except for biological assets and certain derivative financial instruments which are measured at revalued amounts or fair value at the end of each period as explained in the following significant accounting policies. b) Critical accounting estimates and judgments The preparation of these consolidated financial statements, in accordance with IFRS, requires management to make estimates and assumptions that affect the carrying amounts reported. These estimates are based on historical experience and various other assumptions that are considered to be reasonable. Actual results may differ from these estimates. Management believes that the accounting policies below are the critical judgments that have the most significant effect on the amounts recognized in the consolidated financial statements. - Biological Assets The recovery of forest plantations is based on discounted cash flow models which means that the fair value of biological assets is calculated using cash flows from continuing operations on a discounted basis, based on our sustainable forest management plans and the estimated growth of forests. The measurement of the fair value of the biological assets is determined using a discounted cash flow model. Our cash flow projections include significant judgments and assumptions relating to discount rates, estimated growth of the forests and sales margins, as well as periodically carry out studies of the forestry markets to stablish the volumes of wood available and the expected future growth returns. The main considerations used to calculate the valuation of forest plantations and a sensitivity analysis are presented in Note 20. - Litigation and Contingencies Arauco and its subsidiaries are subject to certain litigation proceedings. Future impact on Arauco’s financial condition derived from such litigations is estimated by management, in collaboration with its legal advisors. Arauco applies judgment when interpreting the reports of its legal advisors who provide updated estimates of the legal contingencies at each reporting period and/or at each time a modification is determined to be necessary. For a description of current litigations see Note 18. c) Consolidation The consolidated financial statements include all entities over which Arauco has the power to direct the relevant financial and operating activities. Subsidiaries are consolidated from the date on which control is obtained and up to the date that control ceases. Specifically, a company controls an investee or subsidiary if, and only if, they have all of the following: (a) power over the investee, i.e. the investor has existing rights which give it the ability to direct the relevant activities (the activities that significantly affect the investee's returns); (b) exposure or rights to variable returns from involvement with the investee; and (c) the ability to use power over the investee to affect the amount of the investor’s returns. When Arauco holds less than the majority of the voting rights in a company in which it participates, it nonetheless has the power over said company - when these voting rights are enough - to grant it in practice the ability to unilaterally direct said company's relevant activities. Arauco takes into account all facts and circumstances in order to assess if the voting rights in a company in which it participates are enough for granting it the power, including: a) the size of the investor’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; b) potential voting rights held by the investor, other vote holders or other parties; c) rights arising from other contractual arrangements; and d) any additional facts and circumstances that indicate the investor has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings. The Company will reevaluate whether or not it holds control of a company in which participates if the facts and circumstances indicate that changes have occurred in one or more of the three elements of control mentioned above. Consolidation of an investee shall begin from the date the investor obtains control of the investee and cease when the investor loses control of the investee. An entity includes the income and expenses of an acquired or sold subsidiary in the consolidated financial statements from the date it gains control until the date when the entity ceases to control the subsidiary. The profit or loss of each component of other comprehensive income is attributed to owners of the parent company and the non-controlling interest, as appropriate. Total comprehensive income is attributed to the owners of the parent company and non-controlling interests even if the results of the non-controlling interest have a deficit balance. If a subsidiary uses accounting policies other than those adopted in the consolidated financial statements for transactions and other events in similar circumstances, appropriate adjustments are made to the consolidated financial statements of subsidiaries in order to ensure compliance with Arauco's accounting policies. All intercompany transactions and unrealized gains and losses from subsidiaries have been fully eliminated from these consolidated financial statements and non-controlling interest is presented in the consolidated statement of financial position within equity. The consolidated financial statements at the end of this period include the assets, liabilities, income and expenses of the subsidiaries shown in Note 13. Certain consolidated subsidiaries have Brazilian real, Mexican pesos, Canadian dollars, Chilean pesos and Argentine pesos as their functional currencies. For consolidation purposes, the financial statements of those subsidiaries have been prepared in accordance with IFRS and translated as indicated in Note 1 (e) (ii). A parent company will present non-controlling interests in the consolidated statement of financial position within equity, separately from the equity of the owners of the parent company. d) Segments Arauco has defined its reportable segments according to its business areas, based on the products and services sold to its customers. This definition is consistent with the management, resource allocation and performance assessment made by key personnel responsible for making relevant decisions related to the Company’s operation. The personnel responsible for making such decisions are the Executive Vice-president and the Chief Executive Officer who are the highest authorities for making decisions and are supported by the Vice-presidents of each segment. Based on the aforementioned process, the Company has established reportable segments according to the following business units: · Pulp · Wood products Refer to Note 24 for detailed financial information by reportable segment. e) Functional currency (i) Functional currency All items in the financial statements of Arauco and each of its subsidiaries, associates and jointly controlled entities are measured using the currency of the primary economic environment in which each entity operates (the functional currency). The consolidated financial statements are presented in U.S. dollars, which is Arauco’s functional and presentation currency. (ii) Translation to the presentation currency of Arauco For the purposes of presenting consolidated financial statements, assets and liabilities of Arauco’s operations in a functional currency different from Arauco’s are translated into U.S. dollars using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the dates of the transactions are used. Exchange rate differences are recognized in other comprehensive income and accumulated in “Other reserves” within–equity. (iii) Foreign Currency Transactions Transactions in currencies other than the functional currency are recognized at the exchange rates prevailing at the dates of the transactions. Profit or loss on transactions in currencies other than the functional currency resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognized in the consolidated statements of profit or loss, except those which are recorded in other comprehensive income and accumulated in equity such as cash flows hedging derivatives. f) Cash and cash equivalents Cash and cash equivalents include cash-on-hand, deposits held on demand at financial entities and other short-term highly liquid investments with an original maturity of three months or less and which are subject to an insignificant risk of changes in value. g) Financial Instruments Financial assets Initial classification Arauco classifies its financial assets into the following categories: fair value through profit or loss and amortized cost. Arauco does not have financial assets at fair value through other comprehensive income. The classification is based on the business model used to manage the assets and the characteristics of their contractual cash flows. Management determines the classification of its financial assets at the time of their initial recognition. (a) Financial assets at fair value through profit or loss: these instruments are initially measured at fair value. Net income and losses, including any income from interest or dividends, are registered in the profit or loss of the period. Financial assets are classified in the category of financial assets at fair value through profit or loss when they are maintained for negotiation or designated in their initial registration as assets at fair value through profit or loss. A financial asset can be classified in this category if it is acquired mainly for the purposes of being sold in the short-term. Gain or losses of assets held for negotiations are registered in the consolidated statements of profit or loss, and the related interest is registered independently as financial income. Derivatives are classified as acquired for negotiation also unless they are designated as (b) Assets measured at amortized cost: they are initially registered at the fair value of the transaction, adding or subtracting the transaction costs that are directly attributable to the issuance of the financial asset or financial liability. The financial asset is maintained within a business model, the objective of which is to maintain financial assets to obtain contractual cash flows and the contractual conditions of the asset give rise, on specified dates, to cash flows that are solely payments of principal and interests (“SPPI”) over the amount of the outstanding principal. Subsequent measurement Financial instruments are subsequently measured at fair value through profit or loss or amortized cost. The classification is based on two criteria: i) the Company’s business model for the management of financial instruments, and ii) whether the contractual cash flows related to the financial instruments represent “Solely Payments of Principal and Interests”. a) Financial assets at fair value through profit or loss: these instruments are subsequently measured at fair value. Net earnings and losses, including income from interests and dividends, are registered as profits or losses for the period. These instruments are held for negotiation, and they are mainly acquired to be sold in the short-term. Derivatives are also classified as held for negotiation, unless they are registered as hedging instruments. Financial instruments of this type are classified as other current and non-current financial assets. They are subsequently valuated by determining their fair value, registering changes in value in the consolidated statements of profit or loss, in the items of financial income or financial costs. b) Financial assets measured at amortized cost: These instruments are subsequently measured at amortized cost minus accumulated amortizations, using the effective interest method and adjusted by loss allowance and volume discounts, in the case of financial assets. Financial income and expenses, foreign exchange income and losses, and impairment are registered in results. Any earnings or losses due to initial or subsequent reductions of the value of the asset are registered in the statement of profit or loss of the period. Borrowings and receivables are non-derivative financial instruments with fixed or determinable payments not traded in any active market. They are registered at amortized cost, registering accrued conditions directly in profit or loss. Arauco measures accumulated losses in a quantity equivalent to expected credit losses during the lifelong commitment. Expected credit losses are based on contractual cash flow differences based on the allowance of each contract and the cash flows that Arauco expects. The difference is then discounted based on an approximation of the asset’s original effective interest rate. The asset’s carrying value is reduced as the allowance is used, and the loss is recognized in sales expenses in the consolidated statements of profit or loss. When Derivative financial instruments are explained in Note 1 h). Financial liabilities Arauco classifies its financial liabilities as follows: fair value through profit or loss, derivatives designated as effective hedging instruments and amortized costs. Management determines the classification of its financial liabilities upon initial recognition. Financial liabilities are derecognized when the obligation is cancelled, settled or expired. When an existing financial liability is replaced with another of the same provider under substantially different terms, or where the terms of an existing liability are substantially amended, such exchange or modification is treated as a write-off of the original liability, with a new liability being recognized, and the difference between the respective carrying amounts is recognized in the consolidated statement of profit or loss. Financial liabilities are initially recognized at fair value, and in the case of borrowings, they include the costs directly attributable to the transaction. The subsequent measurement of the financial liabilities depends on their classification: Financial liabilities at fair value through profit or loss Financial liabilities are included in the category of financial liabilities at fair value through profit or loss when they are held for trading or originally designated at fair value through profit or loss. Income and losses from liabilities held for trading are recognized in profit or loss. This category includes non-designated derivatives for hedging accounting. Financial liabilities at amortized cost Other financial liabilities are subsequently valued at their amortized cost based on the effective interest rate method. The amortized cost is calculated taking into account any premium or acquisition discount and includes the costs of transactions that are an integral part of the effective interest rate. This category includes commercial accounts payable and other accounts payable, lease liabilities, as well as the borrowings included in other current and non-current financial liabilities. h) Derivative financial instruments (i) Derivative financial instruments - The Company enters into a variety of derivative financial instruments to manage its exposure to interest rate and foreign exchange rate risks, including foreign exchange forward contracts, interest rate swaps, currency swaps and zero cost collar contracts. The Company’s policy is to enter into derivatives contracts only for economic hedging purposes and there are no instruments with speculation objectives. Derivatives are initially recognized at fair value at the date the derivative contracts are entered into and are subsequently re-measured at fair value at the end of each reporting period. The resulting gain or loss is recognized in profit or loss unless the derivative is designated as a hedging instrument and complies with hedge accounting requirements, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship. (ii) Embedded derivatives The Company assesses the existence of embedded derivatives in financial instrument contracts. Derivatives embedded in non-derivative host contracts are treated as separate derivatives when they meet the definition of a derivative, their risks and characteristics are not closely related to those of the host contracts and the contracts are not measured at FVTPL as a whole. Arauco has determined that no embedded derivatives currently exist. (iii) Hedge accounting The Company designates certain hedging instruments as either fair value hedges or cash flow hedges. At the inception of the hedge relationship, the entity documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, Arauco documents whether the hedging instrument is highly effective in offsetting changes in fair values or cash flows of the hedged item attributable to the hedged risk. -Fair Value Hedges Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognized in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. -Cash flow hedges The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income and accumulated under the heading of cash flow hedging reserve. The gain or loss relating to the ineffective portion is recognized immediately in profit or loss, and is included in the Finance costs line item in the consolidated statement of profit or loss. Amounts previously recognized in other comprehensive income are reclassified to profit or loss in the periods when the hedged item affects profit or loss, in the same line as the recognized hedged item. Hedge accounting is discontinued when the Group revokes the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or when it no longer qualifies for hedge accounting. Any gain or loss recognized in other comprehensive income and accumulated in equity at that time remains in equity and is recognized when the forecasted transaction is ultimately recognized in profit or loss. When a forecasted transaction is no longer expected to occur, the gain or loss accumulated in equity is recognized immediately in profit or loss. The hedging ineffectiveness is debited or credited to results. i) Inventories Inventories are measured at the lower of cost or net realizable value. Cost is determined using the weighted average cost method. The cost of finished and in process products includes the cost of raw materials, direct labor, other direct costs and manufacturing overhead expenses. Initial costs of harvested wood are determined at fair value less cost of sale at the point of harvest. Biological assets are transferred to inventories when forests are harvested. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. When market conditions result in the production costs of a product exceeding its net realizable value, the inventories are written-down to their net realizable value. This write-down also includes obsolescence amounts resulting from low turnover inventories and technical obsolescence. Spare parts that will be consumed in a period of less than twelve months are presented in inventories and recognized as an expense when they are consumed. j) Non-current assets held for sale Arauco classifies certain property, plant and equipment, intangible assets, investments in associates and disposal groups (groups of assets to be sold together with their directly associated liabilities) as non-current assets held for sale which as of the date of the consolidated statements of financial position are the subject of active sale efforts which are estimated to be highly probable. k) Business Combinations Arauco applies the acquisition method to account for a business combination. This method requires the identification of the acquirer, determination of the acquisition date, recognition and measurement of the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree; and recognition and measurement of goodwill or a gain from a bargain purchase. Identifiable assets acquired and liabilities assumed and any contingent liabilities in a business combination are initially measured at fair value at the acquisition date, except: -deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognized and measured in accordance with IAS 12 Income taxes and IAS 19 respectively; -liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with IFRS 3 at the acquisition date; and -assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Non-current assets held for sale and discontinued operations are measured in accordance with such standard. Acquisition-related costs are accounted for as expenses when they are incurred, except for costs to issue debt or equity securities which are recognized in accordance with IAS 32 and IFRS 9. A parent will present non-controlling interests in the consolidated statement of financial position within equity, separately from the equity of the owners of the parent company. Changes in the ownership interest of a parent in its subsidiary that do not result in a loss of control are treated as equity transactions. Any difference between the amount by which non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the parent company. No adjustment is made to the carrying amount of goodwill, neither gains nor losses are recognized in the statement of profit or loss. Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the entity's net assets in the event of liquidation may initially be measured either at fair value or at the present ownership instruments' proportionate share of non-controlling interests, in the recognized amounts of the acquirer’s identifiable net assets. The choice is made on a transaction-by-transaction basis. Arauco measures the fair value of the acquired company in the business combination achieved in each stage (“step acquisition”), recognizing the effects of remeasurement of previously held equity in the acquiree in the consolidated statements of profit or loss. If the initial accounting for a business combination is not completed by the end of the reporting period in which the combination occurs, Arauco reports preliminary amounts for the items for which the accounting is incomplete. During the measurement period (no more than one year), these preliminary amounts are retrospectively adjusted, or additional assets or liabilities are recognized to reflect new information about facts and circumstances that existed at the acquisition date, if known, would have affected the amounts recognized at that date. Business combinations that are under common control transactions are accounted using as a reference the pooling of interest. Under this method, assets and liabilities related to the transaction carry over the previous carrying values. Any difference between assets and liabilities included in the consolidation and the consideration transferred, is accounted in equity , as a debit or credit to other reserves. l) Investments in associates and joint arrangements Associates are entities over which Arauco exercises significant influence, but not control. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. Joint arrangement is defined as an entity over which there is joint control, which exists only when the decisions about strategic of activities, both financial and operational, require the unanimous consent of the parties sharing control. Investments in joint arrangements are classified as a joint venture or as a joint operation. A joint operation is a joint arrangement in which the parties that have joint control of the arrangement (i.e. joint operators) have rights to the assets and obligations for the liabilities, relating to the arrangement. A joint venture is a joint arrangement in which the parties that have joint control of the arrangement (i.e., participants in a joint venture) have rights to the net assets of the arrangement. Investments in associates and joint ventures are accounted for using the equity method and are initially recognized at cost. Their carrying amount is increased or decreased to recognize the portion corresponding to the statement of profit or loss or to the statement of comprehensive income. Dividends received are recognized by deducting the amount received from the carrying amount of the investment. Arauco’s investment in associates includes goodwill (both net of any accumulated impairment loss). The investments in joint operations are recognized through consolidation of assets, liabilities and results of operations in relation to Arauco's ownership percentage. If the acquisition cost is lower than the fair value of the net assets of the associate acquired, the difference is recognized directly in statement of profit or loss in line other gains (losses). Investments in associates and joint ventures are presented in the consolidated statement of financial position in the line item “Investments accounted for using equity method”. If Arauco’s share of losses of an associate or joint venture equals or exceeds its interest in the associate or joint venture, Arauco discontinues recognizing its share of further losses. After Arauco's carrying value in the investee is reduced to zero, additional losses are provided for, and a liability is recognized, only to the extent that Arauco has incurred legal or constructive obligations or made payments on behalf of the associate or joint venture. If the associate or joint venture subsequently reports profits, Arauco resumes recognizing its share of those profits only after its share of the profits equals the share of losses not recognized. m) Intangible assets other than goodwill After initial recognition, intangible assets with finite useful lives are carried at cost less any accumulated amortization and impairment losses. Amortization of an intangible asset with a finite useful life is allocated over the asset’s useful life. Amortization begins when the asset is available for use, i.e., when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. (i) Computer Software Computer software licenses are capitalized in terms of the costs incurred to acquire and make them compatible with existing software. These costs are amortized over the estimated useful lives of the software. (ii) Water Rights, Easements and Other Rights This item includes water rights, easements and other acquired rights recognized at historical cost which have indefinite us |
ACCOUNTING POLICIES, CHANGES IN
ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Accouting Policies Changes In Accounting Estimates Abstract [Abstract] | |
Disclosure of changes in accounting policies, accounting estimates and errors [text block] | N Changes to accounting policies As of December 31, 2022, there has been no changes in the Company’s accounting policies with respect to the 2021 financial year. Changes to accounting estimates As of December 31, 2022, there have been no changes in the methodologies for calculating the accounting estimates with respect to the 2021 financial year. |
DISCLOSURE OF OTHER INFORMATION
DISCLOSURE OF OTHER INFORMATION | 12 Months Ended |
Dec. 31, 2022 | |
DISCLOSURE OF OTHER INFORMATION [Abstract] | |
Disclosure Of Other Information Explanatory [Text Block] | N a) Disclosure of information on Issued Capital Between April and May of 2021, a capital increase of ThU.S.$ 200,000 which amounts to 3,250,975 shares was wholly subscribed and paid-in by the shareholders. As of September 24, 2020, a capital increase of ThU.S.$ 250,000 which amounts to 4,063,720 shares was wholly subscribed and paid-in by the shareholders. As of December 14, 2021, the controlling shareholder, who is Empresas Copec S.A. acquired a total of 26,346 shares from 2 minority shareholders, so following this capital increase as of December 31, 2022, the shareholders composition according to the amount of shares owned is as follows: Shareholders Shares % Empresas Copec S.A. 120,474,249 99.99991616 % AntarChile S.A. 101 0.00008384 % 120,474,350 100.00000000 % At the date of these consolidated financial statements the share capital of Arauco is ThU.S.$ 803,618. 100% of Capital corresponds to ordinary shares. 12-31-2022 12-31-2021 Description of Ordinary Capital Share Types 100% of Capital corresponds to Number of Authorized Shares by Type of Capital in Ordinary Shares 120,474,350 120,474,350 Nominal Value of Shares by Type of Capital in Ordinary Shares U.S.$ 6.6704 per share U.S.$ 6.6704 per share Amount of Capital in Shares by Type of Ordinary Shares that Constitute Capital ThU.S.$ 803,618 ThU.S.$ 803,618 12-31-2022 12-31-2021 Number of Shares Issued and Fully Paid by Type of Capital in Ordinary Shares 120,474,350 120,474,350 b) Dividends paid In December 2022 a provisional dividend of ThU.S.$ 183,971 was paid, wich was based on In May 2022 a dividend of ThU.S.$ 192,132 was paid , which was based on profits of the 2021 fiscal year. In November 2021 a provisional dividend of ThU.S.$ 271,000 was paid and in October 2021 a dividend of ThU.S.$ 200,000 was paid. The amount of ThU.S.$ 437,995 presented in the consolidated statement of changes in equity for the year ended December 31, 2022 contains the minimum dividend provision for ThU.S.$ 370,874 corresponding to the period 2022. The remaining ThU.S.$ 67,121 correspond to the determination of the differential dividend distributed by the profits of the year 2021 and generated by the change in the dividend policy approved in April 2022. As of December 31, 2020, no dividends were paid. See Note 26 for details. In the consolidated statements of cash flows, an amount of ThU.S.$ 380,969 for the year ended D ecember 31, 2022 (ThU.S.$ 471,167 for the year ended December 31, 2021) is presented in the line dividends paid, of which ThU.S.$ 376,103 (ThU.S.$ 471,000 for the year ended D ecember 31, 2021) correspond to the payment of dividends to the parent company. Dividends paid detail, ordinary shares Dividends paid Definitive dividend Classes of shares for which there are dividends paid Ordinary shares without series Date of dividends paid 12-14-2022 Amount of dividends ThU.S.$ 183,971 Number of shares on which pay dividends 120,474,350 Dividend per shares U.S.$ 1.5271 Dividends paid detail, ordinary shares Dividends paid Definitive dividend Classes of shares for which there are dividends paid Ordinary shares without series Date of dividends paid 05-10-2022 Amount of dividends ThU.S.$ 192,132 Number of shares on which pay dividends 120,474,350 Dividend per shares U.S.$ 1.59480 Dividends paid detail, ordinary shares Dividends paid Interim dividend Classes of shares for which there are dividends paid Ordinary shares without series Date of dividends paid 11-03-2021 Amount of dividends ThU.S.$ 271,000 Number of shares on which pay dividends 120,474,350 Dividend per shares U.S.$ 2.24944 c) Disclosure of Information on Reserves Other reserves comprise reserves of exchange differences on translation, reserves of cash flow hedges and other reserves. Arauco does not have any restrictions associated with these reserves. Reserves of exchange differences on translation Reserves of exchange differences on translation correspond to exchange differences relating to the translation of the results and net assets of Arauco’s subsidiaries whose functional currency is other than Arauco’s presentation currency. Reserves of cash flow hedges The hedging reserve includes the cash flow hedge reserve and the costs of hedging reserve. The cash flow hedge reserve is used to recognize the effective portion of gains or losses on derivatives that are designated and qualify as cash flow hedges. Reserve of Actuarial Losses in Defined Benefit Plans This corresponds to changes in the present value of the obligation for defined benefits resulting from experience adjustments (the effect of the differences between the previous actuarial assumptions and the events that occurred within the context of the plan) and the effects of the changes in the actuarial assumptions. Other reserves This mainly corresponds to the share of other comprehensive income of investments in associates and joint ventures. d) Other items in the Statements of Profit or Loss The table below sets forth other income, other expenses, finance income, finance costs and share of profit (loss) of associates and joint ventures for the years ended December 31, 2022, 2021 and 2020 are as follows: January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Classes of Other Income Total Other Income 100,129 378,977 283,816 Gain from changes in fair value of biological assets (Note 20) 12,932 81,986 182,950 Net income from insurance compensation 2,046 1,101 3,007 Revenue from export promotion 1,157 1,608 951 Lease income 1,834 1,689 1,625 Gain on sales of assets 48,653 241,662 28,299 Access easement 905 308 14,020 Recovery of tax credits - 1,674 23,372 Compensations received 221 7,018 964 Gain on sales of subsidiary - 20,381 - Other operating income 32,381 21,550 28,628 Classes of Other Expenses by function Total Other Expenses by function (373,889 ) (192,101 ) (182,883 ) Provision legal expenses (10,478 ) (8,466 ) (5,899 ) Impairme n (170,207 ) (76,218 ) (66,821 ) Operating expenses related to staff restructuring or from plants stoppage or closed (*) (82,337 ) (5,875 ) (26,148 ) Expenses related to projects (27,837 ) (20,663 ) (15,791 ) Loss of asset sales (12,575 ) (9,996 ) (9,733 ) Loss and repair of assets (12,585 ) (1,700 ) (4,342 ) Loss of forest due to fires (17,127 ) (38,133 ) (21,530 ) Other Taxes (20,413 ) (17,666 ) (16,613 ) Research and development expenses (4,432 ) (2,903 ) (3,012 ) Fines, readjustments and interests (6,142 ) (241 ) (864 ) Loss on sale of permanent investments - (431 ) - Loss of tax credits (212 ) (491 ) (1,069 ) Other expenses (9,544 ) (9,318 ) (11,061 ) Classes of Finance Income Total Finance Income 72,116 33,499 29,449 Finance income by mutual funds - term deposits 61,816 30,720 16,099 Finance income resulting from derivatives 39 39 825 Other finance income 10,261 2,740 12,525 Classes of Finance Costs Total Finance Costs (200,366 ) (219,982 ) (268,179 ) Interest expense, Bank borrowings (20,827 ) (20,013 ) (28,869 ) Interest expense, Bonds (114,297 ) (138,334 ) (171,834 ) Interest expense resulting from derivatives (17,774 ) (17,598 ) (30,083 ) Interest expense for right-of-use (9,825 ) (8,042 ) (9,404 ) Other finance costs (37,643 ) (35,995 ) (27,989 ) Share of profit (loss) of associates and joint ventures accounted for Total 33,684 31,386 2,317 Investments in associates 7,069 330 4,821 Investments in joint ventures 26,615 31,056 (2,504 ) (*) These expenses are mainly due to industrial plants temporarily stopped due to failures. The analysis of expenses by nature contained in these consolidated financial statements is presented below: January - December Cost of sales (*) 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Timber 859,811 773,732 844,548 Forestry labor costs and other services 623,902 554,460 467,595 Depreciation and amortization 408,248 401,672 412,750 Depreciation for right of use 40,539 43,284 57,785 Maintenance costs 319,100 261,143 225,691 Chemical costs 712,331 546,048 444,429 Sawmill costs 117,786 113,592 102,663 Other raw materials 315,078 243,882 212,872 Other indirect costs 169,423 127,751 118,721 Energy and fuel 243,986 201,949 168,782 Cost of electricity 46,902 36,927 32,200 Staff expenses 417,390 377,163 357,248 Total 4,274,496 3,681,603 3,445,284 (*) Total amount is comprised of the cost of inventory sales for ThU.S.$ 4,185,527 as of December 31, 2022 (ThU.S.$ 3,599,930 and ThU.S.$3,381,471 and 2020, respectively and ThU.S.$ 63,813 and 2020, respectively January – December Distribution cost 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Selling costs 37,652 38,467 35,847 Commissions 12,607 14,566 13,846 Insurance 6,813 4,236 3,521 Provision for doubtful accounts (462 ) 758 1,427 Other selling costs 18,694 18,907 17,053 Shipping and freight costs 884,574 644,529 499,857 Port services 69,478 52,132 41,731 Freights 743,590 555,357 414,153 Depreciation for right of use 2,975 2,291 1,664 Other shipping and freight costs (internment, warehousing, stowage, customs and other costs) 68,531 34,749 42,309 Total 922,226 682,996 535,704 January – December Administrative expenses 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Wages and salaries 255,378 248,079 210,708 Marketing, advertising, promotion and publications expenses 15,998 12,601 10,037 Insurances 26,009 23,749 23,297 Depreciation and amortization 33,155 34,771 33,753 Depreciation for right of use 7,103 7,061 8,006 Computer services 40,136 32,614 32,473 Lease of offices, other property and vehicles 5,079 5,264 5,282 Donations, contributions, scholarships 11,510 9,264 14,879 Fees (legal and technical advisors) 39,616 38,124 38,701 Property taxes, city permits and rights 27,385 24,522 19,206 Cleaning services, security services and transportation 30,491 33,336 28,108 Third-party variable services (maneuvers, logistics) 52,455 44,325 36,535 Basic services (electricity, telephone, water) 5,334 4,605 4,686 General and other minor expenses 6,197 14,455 4,102 Maintenance and repair 9,044 8,040 6,448 Seminars, courses, training materials 3,621 2,908 1,906 Travels, clothing and safety equipment, environmental expenses, audits and others 45,097 33,429 32,010 Total 613,608 577,147 510,137 |
INVENTORIES
INVENTORIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Inventories [Abstract] | |
Disclosure of inventories [text block] | N 12-31-2022 12-31-2021 Components of inventory ThU.S.$ ThU.S.$ Raw materials 199,174 79,288 Production supplies 209,396 158,382 Work in progress 70,625 51,461 Finished goods 769,558 698,613 Spare parts 221,258 189,154 Total inventories 1,470,011 1,176,898 Inventories recognized as cost of sales as of December 31, 2022 were ThU.S.$ 4,185,527 (ThU.S.$ 3,599,930 and ThU.S.$ 3,381,471 and 2020, respectively In order to have inventories recorded at net realizable value as of December 31, 2022, a net decrease of inventories was recognized associated with a higher obsolescence provision of ThU.S.$ 11,880 (ThU.S.$ 33,890 and ThU.S.$ 21,580 and 2020, respectively As of December 31, 2022, there were inventory write-offs of ThU.S.$ 4,865 (ThU.S.$ 993 and ThU.S.$ 300 and 2020, respectively The inventory obsolescence provision is calculated based on the sales conditions of products and age of inventory (inventory turnover). As of the date of these consolidated financial statements, no inventories were pledged as security. |
CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Cash And Cash Equivalents [Abstract] | |
Disclosure of cash and cash equivalents [text block] | N Cash and cash equivalents include cash on hand, bank checking account balances, time deposits and mutual funds. These are short-term highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The investment objective of time deposits is to maximize the amounts of cash surpluses in the short-term. These instruments are permitted under Arauco’s Investment Policy which allows investing in fixed income securities. These instruments have a maturity of less than three months from the date of acquisition. Arauco invests in local and international mutual funds in order to maximize the returns of cash surpluses denominated in Chilean pesos or in foreign currencies such as U.S. dollars or Euros. These instruments are permitted under Arauco’s Investment Policy. As of the date of these consolidated financial statements, there are no amounts of cash and cash equivalents with restrictions on use. 12-31-2022 12-31-2021 Components of Cash and Cash Equivalents ThU.S.$ ThU.S.$ Cash on hand 64 91 Balances with Banks 298,513 528,985 Short-term deposits 258,566 251,956 Mutual funds 110,064 230,068 Total 667,207 1,011,100 The risk classification of the Company’s mutual funds as of December 31, 2022 and 2021 is shown below. 12-31-2022 ThU.S.$ 12-31-2021 ThU.S.$ AAAfm 24,933 134,314 No classification 85,131 95,754 Total Mutual Funds 110,064 230,068 Changes in Financial Liabilities 12-31-2022 Bank Hedging Bonds and Other financial ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance January 1 991,956 296,316 4,426,033 5,714,305 Cash flows 318,357 - - 318,357 (-) Borrowings paid (347,459 ) (9,578 ) (40,940 ) (397,977 ) (-) Commissions paid (1,656 ) - - (1,656 ) (-) Interest paid (18,450 ) (37,141 ) (193,737 ) (249,328 ) (+) Accrued interest 22,679 37,039 194,200 253,918 (+/-) Inflation adjustment (29,757 ) - 120,091 90,334 (+/-) Changes in fair value - (209,936 ) - (209,936 ) (+/-) Other non-cash movements 5,007 (14 ) 7,812 12,805 Closing balance 940,677 76,686 4,513,459 5,530,822 12-31-2021 Bank borrowings Hedging liabilities Bonds and promissory notes Other financial ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance January 1 1,274,260 39,660 4,707,944 6,021,864 Cash flows 167,962 - - 167,962 (-) Borrowings paid (405,567 ) (25,316 ) (165,607 ) (596,490 ) (-) Commissions paid (2,328 ) - - (2,328 ) (-) Interest paid (18,084 ) (30,034 ) (204,465 ) (252,583 ) (+) Accrued interest 16,961 29,032 200,843 246,836 (+/-) Inflation adjustment (45,891 ) - (120,785 ) (166,676 ) (+/-) Changes in fair value - 283,261 - 283,261 (+/-) Other non-cash movements 4,643 (287 ) 8,103 12,459 Closing balance 991,956 296,316 4,426,033 5,714,305 Lease liabilities 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Opening balance January 1 163,304 211,755 Cash flows (65,000 ) (67,895 ) (-) Interest paid (9,724 ) (7,811 ) (+) Accrued interest 9,753 8,363 (+/-) Inflation adjustment 839 (13,540 ) (+) Increase due to new leases liabilities 167,370 35,186 (+/-) Other movements (2,318 ) (2,754 ) Closing balance 264,224 163,304 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Income Tax [Abstract] | |
Disclosure of income tax [text block] | N The tax rates applicable in the countries in which Arauco operates are 27% in Chile, 35% in Argentina, 30% in Mexico, 34% in Brazil, 25% in Uruguay and 26% in the United States (federal tax). In 2021, Argentinian Republic published in the Official Gazette of Argentina the law No. 27,630, which replaced the fixed rate paid by Argentine companies on their corporate income tax periods starting in 2021. It provides a progressive scale of rates, where a 25% rate will be applied to companies with a net taxable income of up to 5,000,000 Argentine pesos (AR$) (approximately ThU.S.$ 28 as of December 31, 2022), a 30% rate will be applied to companies with a net taxable income ranging between AR$ 5,000,000 and AR$ 50,000,000 (approximately ThU.S.$ 282 as of December 31, 2022), and a 35% rate will be applied to companies with a net taxable incomes surpassing AR$ 50,000,000. This new regulation generated a loss of ThU.S.$ 49,000 in Arauco Argentina S.A. in income tax in 2021. Deferred Tax Assets The following table sets forth the deferred tax assets as of the dates indicated: 12-31-2022 12-31-2021 Deferred tax assets ThU.S.$ ThU.S.$ Deferred tax assets relating to provisions 8,910 5,730 Deferred tax assets relating to accrued liabilities 8,986 8,257 Deferred tax assets relating to post-employment benefits 25,904 19,738 Deferred tax assets relating to property, plant and equipment 45,919 32,480 Deferred tax assets relating to impairment provision 13,517 8,564 Deferred tax assets relating to financial instruments 53,347 108,910 Deferred tax assets relating to tax loss carryforward 110,526 24,972 Deferred tax assets relating to inventories 20,942 18,793 Deferred tax assets relating to provisions for income 9,941 19,323 Deferred tax assets relating to allowance for doubtful accounts 2,472 4,625 Deferred tax assets relating to intangible revaluation 1,466 2,301 Deferred tax assets relating to tax credits - 8,996 Deferred tax assets relating to other deductible temporary differences 25,777 24,328 Total deferred tax assets 327,707 287,017 Offsetting presentation (318,696 ) (279,380 ) Net effect 9,011 7,637 Certain subsidiaries of Arauco mainly in Chile, Brazil, Argentina and USA, as of the date of these consolidated financial statements, present tax losses for which we estimate that, given the projection of future profits, will allow the recovery of the deferred tax assets recorded. The total amount of these tax losses is ThU.S.$ 443,250 (ThU.S.$ 335,872 at December 31, 2021). In addition, as of December 31, 2022 there are ThU.S.$ 125,391 (ThU.S.$ 126,746 at December 31, 2021) of non-recoverable tax losses from subsidiaries in USA and from joint operations in Uruguay, for which deferred tax assets have not been recognized. The estimated recovery period exceeds the expiry date of such tax losses. Deferred Tax Liabilities The following table sets forth the deferred tax liabilities as of the dates indicated: 12-31-2022 12-31-2021 Deferred tax liabilities ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 1,415,173 1,281,546 Deferred tax liabilities relating to financial instruments 33,749 25,334 Deferred tax liabilities relating to biological assets 527,988 605,166 Deferred tax liabilities relating to inventory 56,531 46,336 Deferred tax liabilities relating to prepaid expenses 37,760 38,088 Deferred tax liabilities relating to intangible 10,173 12,511 Deferred tax liabilities relating to other taxable temporary differences 23,237 18,204 Total deferred tax liabilities 2,104,611 2,027,185 Offsetting presentation (318,696 ) (279,380 ) Net effect 1,785,915 1,747,805 The effect of this period in current and deferred tax liabilities related to financial hedging instruments Reconciliation of deferred tax assets and liabilities Opening balance Deferred tax Deferred tax of Increase Closing balance Deferred tax assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax Assets relating to provisions 5,730 3,051 - 129 8,910 Deferred tax Assets relating to accrued liabilities 8,257 716 - 13 8,986 Deferred tax Assets relating to post-employment benefits 19,738 745 5,403 18 25,904 Deferred tax Assets relating to property, plant and equipment 32,480 13,439 - - 45,919 Deferred tax Assets relating to impairment provision 8,564 4,664 - 289 13,517 Deferred tax Assets relating to financial instruments 108,910 (8,024 ) (47,883 ) 344 53,347 Deferred tax Assets relating to tax loss carryforward 24,972 84,068 - 1,624 110,664 Deferred tax Assets relating to inventories 18,793 2,120 - 29 20,942 Deferred tax Assets relating to provisions for income 19,323 (9,408 ) - 26 9,941 Deferred tax Assets relating to allowance for doubtful accounts 4,625 (2,155 ) - 2 2,472 Deferred tax Assets relating to intangible revaluation 2,301 (1,013 ) - 178 1,466 Deferred tax Assets relating to tax credits 8,996 (8,996 ) - - - Deferred tax Assets relating to other deductible temporary differences 24,328 509 - 802 25,639 Total deferred tax assets 287,017 79,716 (42,480 ) 3,454 327,707 Opening balance 01-01-2021 Deferred tax expenses Deferred tax of c Increase (decrease) net exchange differences Closing balance Deferred tax liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 1,281,546 130,377 - 3,250 1,415,173 Deferred tax liabilities relating to financial instruments 25,334 5,712 2,704 (1 ) 33,749 Deferred tax liabilities relating to biological assets 605,166 (80,917 ) - 3,739 527,988 Deferred tax liabilities relating to inventory 46,336 10,272 - (77 ) 56,531 Deferred tax liabilities relating to prepaid expenses 38,088 (337 ) - 9 37,760 Deferred tax liabilities relating to intangible 12,511 (2,648 ) - 310 10,173 Deferred tax liabilities relating to other taxable temporary differences 18,204 4,520 - 513 23,237 Total deferred tax liabilities 2,027,185 66,979 2,704 7,743 2,104,611 Opening Deferred tax Deferred tax of Decrease Increase Closing Deferred tax assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax assets relating to provisions 5,042 745 - - (57 ) 5,730 Deferred tax assets relating to accrued liabilities 8,107 179 - (24 ) (5 ) 8,257 Deferred tax assets relating to post-employment benefits 22,026 (2,667 ) 438 (56 ) (3 ) 19,738 Deferred tax assets relating to property, plant and equipment 24,397 8,083 - - - 32,480 Deferred tax assets relating to impairment provision 14,193 (5,193 ) - - (436 ) 8,564 Deferred tax assets relating to financial instruments 79,765 (1,572 ) 31,062 - (345 ) 108,910 Deferred tax assets relating to tax loss carryforward 126,405 (99,915 ) - (207 ) (1,311 ) 24,972 Deferred tax assets relating to inventories 7,964 10,854 - - (25 ) 18,793 Deferred tax assets relating to provisions for income 7,905 11,427 - - (9 ) 19,323 Deferred tax assets relating to allowance for doubtful accounts 2,427 2,213 - - (15 ) 4,625 Deferred tax assets relating to intangible revaluation 3,713 (1,207 ) - - (205 ) 2,301 Deferred tax assets relating to tax credits 20,898 (11,902 ) - - - 8,996 Deferred tax assets relating to other deductible temporary differences 20,018 4,823 - 4 (517 ) 24,328 Total deferred tax assets 342,860 (84,132 ) 31,500 (283 ) (2,928 ) 287,017 Opening Deferred tax Deferred tax of Decrease Increase e Closing balance Deferred tax liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 1,020,282 264,397 - (121 ) (3,012 ) 1,281,546 Deferred tax liabilities relating to financial instruments 26,755 (2,030 ) 609 - - 25,334 Deferred tax liabilities relating to biological assets 644,348 (31,706 ) - (2,946 ) (4,530 ) 605,166 Deferred tax liabilities relating to inventory 32,567 15,131 - (1,395 ) 33 46,336 Deferred tax liabilities relating to prepaid expenses 42,319 (4,227 ) - - (4 ) 38,088 Deferred tax liabilities relating to intangible 14,826 (1,908 ) - - (407 ) 12,511 Deferred tax liabilities relating to other taxable temporary differences 19,608 (1,173 ) - (179 ) (52 ) 18,204 Total deferred tax liabilities 1,800,705 238,484 609 (4,641 ) (7,972 ) 2,027,185 Opening b Deferred tax i e Deferred tax of items charged Increase (decrease) n Closing balance Deferred tax assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax assets relating to provisions 5,749 (267 ) - (440 ) 5,042 Deferred tax assets relating to accrued liabilities 7,182 937 - (12 ) 8,107 Deferred tax assets relating to post-employment benefits 20,378 1,598 68 (18 ) 22,026 Deferred tax assets relating to property, plant and equipment 16,609 7,788 - - 24,397 Deferred tax assets relating to impairment provision 20,169 (4,598 ) - (1,378 ) 14,193 Deferred tax assets relating to financial instruments 68,390 (1,641 ) 13,685 (669 ) 79,765 Deferred tax assets relating to tax loss carryforward 133,221 2,605 - (9,421 ) 126,405 Deferred tax assets relating to inventories 12,460 (4,363 ) - (133 ) 7,964 Deferred tax assets relating to provisions for income 6,631 1,295 - (21 ) 7,905 Deferred tax assets relating to allowance for doubtful accounts 4,349 (1,545 ) - (377 ) 2,427 Deferred tax assets relating to intangible revaluation 6,044 (1,042 ) - (1,289 ) 3,713 Deferred tax assets relating to tax credits 19,460 1,438 - - 20,898 Deferred tax assets relating to other deductible temporary differences 16,161 5,096 - (1,239 ) 20,018 Total deferred tax assets 336,803 7,301 13,753 (14,997 ) 342,860 Opening b 01-01-2020 Deferred tax i e Deferred tax of items charged to other comprehensive income Increase (decrease) n Closing balance 12-31-2020 Deferred tax liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 900,415 128,933 - (9,066 ) 1,020,282 Deferred tax liabilities relating to financial instruments 25,630 986 139 - 26,755 Deferred tax liabilities relating to biological assets 642,221 20,239 - (18,112 ) 644,348 Deferred tax liabilities relating to inventory 38,251 (5,711 ) - 27 32,567 Deferred tax liabilities relating to prepaid expenses 41,338 989 - (8 ) 42,319 Deferred tax liabilities relating to intangible 17,942 (1,118 ) - (1,998 ) 14,826 Deferred tax liabilities relating to other taxable temporary differences 25,126 (2,846 ) - (2,672 ) 19,608 Total deferred tax liabilities 1,690,923 141,472 139 (31,829 ) 1,800,705 Temporary Differences The following tables summarize the deductible and taxable temporary differences: Detail of classes of deferred tax temporary differences 12-31-2022 12-31-2021 Deductible difference ThU.S.$ Taxable difference ThU.S.$ Deductible difference ThU.S.$ Taxable difference ThU.S.$ Deferred tax assets 217,181 - 262,045 - Deferred tax assets - tax loss carryforward 110,526 - 24,972 - Deferred tax liabilities - 2,104,611 - 2,027,185 Total 327,707 2,104,611 287,017 2,027,185 January - December Detail of temporary difference income and loss amounts 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax assets (4,214 ) 15,783 4,696 Deferred tax assets - tax loss carryforward 83,930 (99,915 ) 2,605 Deferred tax liabilities (66,979 ) (238,484 ) (141,472 ) Total 12,737 (322,616 ) (134,171 ) Income Tax Expense Income tax expense consists of the following: January – December Income tax composition 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Current income tax expense (350,143 ) (254,186 ) (80,501 ) Tax benefit arising from tax credit used to reduce current tax expense 126,545 176,226 175,832 Prior period current income tax adjustments 4,716 (2,036 ) 653 Other current benefit tax (expenses) 64,024 (302 ) (3,661 ) Current tax expense, net (154,858 ) (80,298 ) 92,323 Deferred tax expense relating to origination and reversal of temporary differences (71,331 ) (222,701 ) (136,776 ) Tax benefit arising from tax credits used to reduce deferred tax expense 84,068 (99,915 ) 2,605 Total deferred tax benefit (expense), net 12,737 (322,616 ) (134,171 ) Total income tax benefit (expense) (142,121 ) (402,914 ) (41,848 ) The following table presents the current income tax expense detailed by foreign and domestic (Chile) companies at December 31, 2022, 2021 and 2020: January – December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Foreign current income tax expense (96,745 ) (113,821 ) (1,568 ) Domestic current income tax expense (58,113 ) 33,523 93,891 Total current income tax expense (154,858 ) (80,298 ) 92,323 Foreign deferred tax benefit (expense) 64,462 (59,995 ) (21,908 ) Domestic deferred tax benefit (expense) (51,725 ) (262,621 ) (112,263 ) Total deferred tax benefit (expense) 12,737 (322,616 ) (134,171 ) Total income tax benefit (expense) (142,121 ) (402,914 ) (41,848 ) Reconciliation of income tax expense from statutory tax rate to the effective tax rate. The reconciliation of income tax expense is as follows: January – December 2022 2021 2020 Reconciliation of income tax from statutory rate to effective tax rate ThU.S.$ ThU.S.$ ThU.S.$ Statutory domestic (Chile) income tax rate 27.0 % 27.0 % 27.0 % Tax expense at statutory tax rate (228,514 ) (387,319 ) (18,131 ) Tax effect of foreign tax rates 8,853 (9,984 ) (4,201 ) Tax effect of income 80,229 62,879 5,821 Tax effect of not deductible expenses (40,149 ) (29,050 ) (35,113 ) Tax rate effect of previously unrecognized tax loss 81 - 11,628 Tax effect of a new evaluation of deferred tax assets 1,557 13,345 826 Tax effect of change in tax rates - (46,215 ) - Tax effect of tax provided in excess in prior periods 4,716 (2,036 ) 653 Other tax rate effects (*) 31,106 (4,534 ) (3,331 ) Total adjustments to tax expense at applicable tax rate 86,393 (15,595 ) (23,717 ) Tax benefit (expense) at effective tax rate (142,121 ) (402,914 ) (41,848 ) (*) This line includes mainly the tax effect generated by exchange differences on translation of tax bases. Current tax assets and liabilities The current tax assets and liabilities balances are as follow: Current tax assets 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Monthly Provisional Payments (MPP) 21,974 800 Income tax receivable 181,705 218,298 Provision tax income (25,341 ) (22,727 ) Other tax receivables 25,384 36,694 Total 203,722 233,065 Current tax liabilities 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Provision tax income (First category) 256,164 216,484 Monthly Provisional Payments (MPP) (231,846 ) (91,361 ) Other tax payables 2,551 2,858 Total 26,869 127,981 |
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Property Plant And Equipments [Abstract] | |
Disclosure of property, plant and equipment [text block] | N Property, Plant and Equipment 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Property, plant and equipment, net Construction work in progress 3,592,689 2,822,874 Land 893,237 888,465 Buildings 2,085,868 2,165,318 Plant and equipment 2,760,925 2,915,611 Information technology equipment 22,642 23,516 Fixtures and fittings 11,017 13,563 Motor vehicles 45,927 13,678 Other property, plant and equipment 130,030 112,641 Total net 9,542,335 8,955,666 Property, plant and equipment, gross Construction work in progress 3,592,689 2,822,874 Land 893,237 888,465 Buildings 4,510,660 4,463,660 Plant and equipment 7,220,981 7,079,150 Information technology equipment 108,645 104,522 Fixtures and fittings 49,861 49,302 Motor vehicles 98,126 59,351 Other property, plant and equipment 147,277 129,669 Total gross 16,621,476 15,596,993 Accumulated depreciation and impairment Buildings (2,424,792 ) (2,298,342 ) Plant and equipment (4,460,056 ) (4,163,539 ) Information technology equipment (86,003 ) (81,006 ) Fixtures and fittings (38,844 ) (35,739 ) Motor vehicles (52,199 ) (45,673 ) Other property, plant and equipment (17,247 ) (17,028 ) Total (7,079,141 ) (6,641,327 ) Description of Property, Plant and Equipment Pledged as Security for Liabilities As of December 31, 2022, there are no significant assets pledged as collateral to be disclosed in these consolidated financial statements. Disbursements commitments for the acquisition of property, plant and equipment and disbursements for property, plant and equipment under construction. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Amount committed for the acquisition of property, plant and equipment 363,504 347,839 Reconciliation of Property, Plant and Equipment The following tables set forth the reconciliation of the carrying amount of property, plant and and 2021: Reconciliation of Property, Plant and Equipment Construction work in progress Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 01-01-2022 2,822,874 888,465 2,165,318 2,915,611 23,516 13,563 13,678 112,641 8,955,666 Changes Additions 1,076,619 2,003 13,230 26,102 815 808 462 18,115 1,138,154 Disposals (18 ) (9,747 ) (1,571 ) (2,788 ) (221 ) (273 ) (62 ) (17 ) (14,697 ) Withdrawals (2,573 ) (391 ) (569 ) (5,319 ) (286 ) (15 ) (80 ) (351 ) (9,584 ) Depreciation - - (132,521 ) (305,572 ) (6,326 ) (3,071 ) (4,477 ) (1,144 ) (453,111 ) Impairment loss recognized in profit or loss - - (25,611 ) (118,026 ) 4 (521 ) - - (144,154 ) Increase (decrease) through net exchange differences 53 11,769 10,308 36,234 143 82 503 646 59,738 Reclassification of assets held for sale - 347 68 (437 ) - - - - (22 ) Increase (decrease) through transfers from construction in progress (304,266 ) 791 57,216 210,682 4,997 444 29,996 140 - Reclassification from lease to property, plant and equipment - - - 4,438 - - 5,907 - 10,345 Total changes 769,815 4,772 (79,450 ) (154,686 ) (874 ) (2,546 ) 32,249 17,389 586,669 Closing balance 12-31-2022 3,592,689 893,237 2,085,868 2,760,925 22,642 11,017 45,927 130,030 9,542,335 Reconciliation of Property, Plant and Equipment Construction work in progress Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other Property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening Balance 01-01-2021 1,944,578 930,372 2,248,784 3,026,136 26,166 16,627 15,055 117,586 8,325,304 Changes Additions 1,127,150 6,647 8,440 22,372 1,277 566 470 6,234 1,173,156 Disposals (215 ) (25,285 ) (953 ) (10,839 ) (170 ) (4 ) (371 ) (205 ) (38,042 ) Withdrawals (2,105 ) (697 ) (2,572 ) (6,011 ) (42 ) - (31 ) (4,188 ) (15,646 ) Depreciation - - (136,490 ) (288,723 ) (6,424 ) (3,163 ) (3,278 ) (1,065 ) (439,143 ) Impairment loss recognized in profit or loss - - (14,669 ) (95 ) (454 ) (9 ) (95 ) - (15,322 ) Increase (decrease) through net exchange differences (1,151 ) (7,181 ) (4,359 ) (12,084 ) (80 ) 170 (219 ) (815 ) (25,719 ) Reclassification of assets held for sale - 107 949 206 - - - - 1,262 Increase (decrease) through transfers from construction in progress (245,383 ) 822 66,235 178,611 3,243 (617 ) 1,995 (4,906 ) - Reclassification from lease to Property, plant and equipment - - - 7,251 - - 152 - 7,403 Decrease due to loss of control in subsidiary - (16,320 ) (47 ) (1,213 ) - (7 ) - - (17,587 ) Total changes 878,296 (41,907 ) (83,466 ) (110,525 ) (2,650 ) (3,064 ) (1,377 ) (4,945 ) 630,362 Closing balance 12-31-2021 2,822,874 888,465 2,165,318 2,915,611 23,516 13,563 13,678 112,641 8,955,666 The depreciation expense for the period ending December 31, 2022, 2021 and 2020 is as follows: January-December 2022 2021 2020 Depreciation for the year ThU.S.$ ThU.S.$ ThU.S.$ Cost of sales 408,248 401,672 412,750 Administrative expenses 18,413 19,228 18,192 Other expenses 15,009 681 2,054 Total 441,670 421,581 432,996 The useful lives of property, plant and equipment are estimated based on the expected use of the assets. The average useful lives by asset class are as follow: Years of Useful Life (Average) Buildings 58 Plant and equipment 30 Information technology equipment 8 Fixtures and fittings 28 Motor vehicles 7 Other property, plant and equipment 14 See Note 12 for details of capitalized borrowing costs. |
LEASES
LEASES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Leases [Abstract] | |
Disclosure of leases [text block] | N Arauco acting as lessee In the application of IFRS 16, Arauco chose not to apply the requirements to recognize a liability and an asset for right of use for leases which term ends within 12 months and for leases in which the underlying asset is of low value ThU.S.$ 5. Lease liabilities and their maturity are presented in Notes 11 and 23. Right of use assets 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Property, Plant and Equipment by right of use, Net Land 195,290 72,384 Buildings 16,731 20,682 Plant and equipment 66,709 17,198 Information technology equipment 157 224 Fixtures and fittings - 218 Motor vehicles 24,437 55,093 Other property, plant and equipment 3,163 14,307 Total Net 306,487 180,106 Property, Plant and Equipment by right of use, Gross Land 230,231 94,283 Buildings 32,610 32,625 Plant and equipment 86,870 31,235 Information technology equipment 630 652 Fixtures and fittings - 1,512 Motor vehicles 175,261 168,682 Other property, plant and equipment 3,723 20,142 Total Gross 529,325 349,131 Accumulated depreciation and impairment by right of use Land (34,941 ) (21,899 ) Buildings (15,879 ) (11,943 ) Plant and equipment (20,161 ) (14,037 ) Information technology equipment (473 ) (428 ) Fixtures and fittings - (1,294 ) Motor vehicles (150,824 ) (113,589 ) Other property, plant and equipment (560 ) (5,835 ) Total (222,838 ) (169,025 ) Reconciliation of Property, Plant and Equipment by Right of Use The following tables set forth the reconciliation of the carrying amount of property, plant and equipment by right of use and 2021: Reconciliation of property, plant and equipment by right of use Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 01-01-2022 72,384 20,682 17,198 224 218 55,093 14,307 180,106 Changes Additions 135,407 2,531 56,720 148 - 7,827 305 202,938 Withdrawals - (1,101 ) (15 ) - (203 ) (4 ) - (1,323 ) Depreciation (12,660 ) (5,400 ) (7,174 ) (229 ) (15 ) (38,596 ) (1,334 ) (65,408 ) Increase (decrease) through net exchange differences 159 22 8 14 - 117 - 320 Reclassification from lease to Property, plant and equipment - - - - - - (10,346 ) (10,346 ) Increase (decrease) through others - (3 ) (28 ) - - - 231 200 Total changes 122,906 (3,951 ) 49,511 (67 ) (218 ) (30,656 ) (11,144 ) 126,381 Closing balance 12-31-2022 195,290 16,731 66,709 157 - 24,437 3,163 306,487 Reconciliation of Property, Plant and Equipment by right of use Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other Property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening Balance 01-01-2021 60,761 19,954 24,035 380 698 92,951 20,355 219,134 Changes Additions 21,391 11,557 1,617 127 - 495 - 35,187 Withdrawals (16 ) (2,976 ) - - - (226 ) (98 ) (3,316 ) Depreciation (9,108 ) (5,386 ) (7,315 ) (255 ) (356 ) (38,090 ) (2,071 ) (62,581 ) Revaluation - (7 ) - - (31 ) - (38 ) Increase (decrease) through net exchange differences (644 ) (6 ) (275 ) (6 ) - 21 - (910 ) Reclassification from lease to Property, plant and equipment - - - - - - (7,403 ) (7,403 ) Increase (decrease) through others - (2,454 ) (864 ) (22 ) (124 ) (27 ) 3,524 33 Total changes 11,623 728 (6,837 ) (156 ) (480 ) (37,858 ) (6,048 ) (39,028 ) Closing balance 12-31-2022 72,384 20,682 17,198 224 218 55,093 14,307 180,106 The depreciation expense for the period ending December 31, 2022 and 2021 recognised in Property, Plant and Equipment by right of use is as follows: January - December 2022 2021 2020 Depreciation for the period ThU.S.$ ThU.S.$ ThU.S.$ Cost of sales 40,539 43,284 57,785 Distribution costs 2,975 2,291 1,664 Administrative expenses 7,103 7,061 8,006 Total 50,617 52,636 67,455 Additionally, Arauco has recognized directly in the consolidated statement of profit or loss, the following leases excluded from right of use assets: January – December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Expenses from payments of variable leases 208,812 141,775 142,064 Expenses from low value leases 6,696 3,051 3,758 Expenses from short-term leases 34,857 21,993 28,120 Total 250,365 166,819 173,942 Arauco acting as lessor Reconciliation of financial lease minimum payments: 12-31-2022 Periods Gross ThU.S.$ Interest ThU.S.$ Present Value ThU.S.$ Less than one year 5,067 - 5,067 Between one and five years 25,750 1,882 23,868 More than five years - - - Total 30,817 1,882 28,935 12-31-2021 Periods Gross ThU.S.$ Interest ThU.S.$ Present Value ThU.S.$ Less than one year 27 - 27 Between one and five years - - - More than five years - - - Total 27 - 27 Financial lease receivables are presented in the consolidated statements of financial position in line items “Trade and other current receivable” and “Trade and other non-current receivable” depending on their maturities stated above. Arauco accounts for its lease contracts as financial leases. These lease contracts are for a term of less than six-years at market interest rates and leased assets are forestry machinery and equipment. They also include an early termination option, under general and special conditions stipulated in each contract. Arauco holds leases as lessee and lessor, described in the previous tables, for which there are no impairment contingent payments or restrictions to report. |
REVENUE
REVENUE | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Revenue [Abstract] | |
Disclosure of revenue [text block] | N January – December Classes of revenue 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Revenue from sales of goods 6,997,617 6,251,442 4,662,312 Revenue from rendering of services 104,453 98,319 70,557 Total 7,102,070 6,349,761 4,732,869 The reportable segments revenues by business area and by geographical area are presented in Note 24. |
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Employee Benefits [Abstract] | |
Disclosure of employee benefits [text block] | N Classes of Benefits and Expenses by Employee 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Employee expenses 718,990 670,616 598,070 Wages and salaries 697,833 651,371 577,634 Severance indemnities 21,157 19,245 20,436 2022 2021 2020 Discount rate 3.02 % 2.56 % 1.81 % Inflation 3.20 % 3.20 % 3.00 % Annual rate of wage growth 5.22 % 5.22 % 5.22 % Mortality rate RV-2014 RV-2014 RV-2014 Sensitivities to assumptions 2022 ThU.S.$ Discount rate Increase in 100 bps (7,332 ) Decrease in 100 bps 8,156 Wage growth rates Increase in 100 bps 6,688 Decrease in 100 bps (5,387 ) The following tables set forth the balances and the reconciliation of the present value of severance 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Current 7,571 4,593 Non-current 87,689 67,967 Total 95,260 72,560 Reconciliation of the present value of severance indemnities obligations 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Opening balance 72,560 81,395 Current service cost 6,832 4,064 Interest cost 3,673 3,271 (Gains) losses from changes in actuarial assumptions 727 (5,784 ) Actuarial gains and losses arising from experience 19,285 7,409 Benefits paid (7,561 ) (3,936 ) Decrease due to sale of subsidiary - (393 ) Increase (decrease) for foreign currency exchange rates changes (256 ) (13,466 ) Closing balance 95,260 72,560 The average staffing as of December 31, 2022 was 19,043 people. |
BALANCES IN FOREIGN CURRENCY AN
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS. | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of EffectOf ChangesIn Foreign Exchange Rates Explanatory [Abstract] | |
Disclosure of effect of changes in foreign exchange rates [text block] | N December 31, 2022 U.S dollar Euros Brazilian real Argentine pesos Mexican pesos Other currencies Chilean pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Assets Current assets Cash and cash equivalents 395,254 4,884 103,829 97,859 28,564 26,793 10,024 - 667,207 Other current financial assets 15,350 - - - - - - - 15,350 Other current non-financial assets 18,727 115 17,745 5,333 2,979 7,406 153,754 - 206,059 Trade and other current receivables 614,204 36,425 50,646 38,000 33,089 1,972 97,616 6,056 878,008 Accounts receivable due from related companies - - - - - - 2,850 - 2,850 Current Inventories 1,298,649 - 130,707 - 39,353 - 1,302 - 1,470,011 Current biological assets 264,858 - 65,577 - - - - - 330,435 Current tax assets 174,287 - 8,333 10,296 9,495 1,137 174 - 203,722 Non-current assets or disposal groups classified as held for sale 2,781,329 41,424 376,837 151,488 113,480 37,308 265,720 6,056 3,773,642 Non-current assets or disposal groups classified as held for sale 1,215 - 15 - 49 - - - 1,279 Total current assets 2,782,544 41,424 376,852 151,488 113,529 37,308 265,720 6,056 3,774,921 Non-current assets Other non-current financial assets 63,321 - - - - - - - 63,321 Other non-current non-financial assets 2,980 - 16,022 97 742 8 72,665 - 92,514 Trade and other non-current receivables 5,880 - - - - - 3,434 23,360 32,674 Investments accounted for using equity method 87,826 203,443 36,489 - - - 37,913 - 365,671 Intangible assets other than goodwill 71,141 - 1,940 - 358 - - - 73,439 Goodwill 41,408 - 13,392 - - - - - 54,800 Property, plant and equipment 9,024,490 - 389,522 - 127,120 - 1,203 - 9,542,335 Right of use assets 161,087 - 144,626 - 774 - - - 306,487 Non-current biological assets 2,549,796 - 315,139 - - - - - 2,864,935 Deferred tax assets 5,035 - 3,500 - 476 - - - 9,011 Total non-current assets 12,012,964 203,443 920,630 97 129,470 8 115,215 23,360 13,405,187 Total assets 14,795,508 244,867 1,297,482 151,585 242,999 37,316 380,935 29,416 17,180,108 December 31, 2022 U.S Dollar Euros Brazilian Real Argentine Pesos Mexican Pesos Other currencies Chilean Pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Liabilities Current liabilities Other current financial liabilities 252,091 69,139 2,810 17 - - - 51,394 375,451 Current lease liabilities 10,636 91 10,063 - 1,579 23 10,716 3,676 36,784 Trade and other current payables 234,226 23,277 82,988 54,078 16,791 10,476 351,646 39,356 812,838 Accounts payable to related companies 202 - - - - - 14,078 - 14,280 Other short-term provisions 7,934 - 264 - - - - 1,315 9,513 Current tax liabilities 19,482 5,123 1,512 - 752 - - - 26,869 Current provisions for employee benefits - - - - - - 7,571 - 7,571 Other current non-financial liabilities 192,359 51 33,011 5,120 4,828 16 7,593 - 242,978 Total liabilities, current 716,930 97,681 130,648 59,215 23,950 10,515 391,604 95,741 1,526,284 Non-current liabilities Other non-current financial liabilities 3,637,416 386,186 67,080 - - - - 1,064,689 5,155,371 Non-current lease liabilities 120,656 110 91,206 - 1,659 - 549 13,260 227,440 Other non-current payables - - 2,462 - - - 17,654 - 20,116 Non-current accounts payable to related companies - - - - - - 6,731 - 6,731 Other long-term provisions 1,677 - 12,512 26,517 - - - - 40,706 Deferred tax liabilities 1,681,957 - 97,822 - 6,136 - - - 1,785,915 Non-current provisions for employee benefits - - - - 957 - 86,732 - 87,689 Other non-current non-financial liabilities - - 69,849 10 - - 13 - 69,872 Total non-current liabilities 5,441,706 386,296 340,931 26,527 8,752 - 111,679 1,077,949 7,393,840 Total liabilities 6,158,636 483,977 471,579 85,742 32,702 10,515 503,283 1,173,690 8,920,124 December 31, 2021 U.S. dollar Euros Brazilian real Argentine pesos Mexican pesos Other currencies Chilean pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Assets Current assets Cash and cash equivalents 703,232 5,755 160,896 112,234 20,467 4,311 4,205 - 1,011,100 Other current financial assets 5,865 - - - - - - - 5,865 Other current non-financial assets 25,774 166 18,209 5,900 3,717 6,165 107,959 - 167,890 Trade and other current receivables 789,236 21,884 39,142 22,721 31,288 5,023 70,127 502 979,923 Accounts receivable due from related companies - - - - - - 5,559 - 5,559 Current inventories 1,052,147 - 89,521 - 32,947 - 2,283 - 1,176,898 Current biological assets 269,769 - 59,817 - - - - - 329,586 Current tax assets 228,270 - 3,047 - 452 1,288 8 - 233,065 Non-current assets or disposal groups classified as held for sale 3,074,293 27,805 370,632 140,855 88,871 16,787 190,141 502 3,909,886 Non-current assets or disposal groups classified as held for sale 14,098 - 14 - 46 - - - 14,158 Total current assets 3,088,391 27,805 370,646 140,855 88,917 16,787 190,141 502 3,924,044 Non-current assets Other non-current financial assets 10,525 - - - - - - - 10,525 Other non-current non-financial assets 1,639 - 12,244 56 740 8 73,862 - 88,549 Trade and other non-current receivables 11,806 - - - - - 2,492 40 14,338 Investments accounted for using equity method 78,216 203,505 26,823 - - - 28,098 - 336,642 Intangible assets other than goodwill 82,370 - 1,675 - 165 - - - 84,210 Goodwill 41,534 - 16,163 - - - - - 57,697 Property, plant and equipment 8,489,503 - 340,314 - 124,984 - 865 - 8,955,666 Right of use assets 150,220 - 29,886 - - - - - 180,106 Non-current biological assets 2,782,660 - 226,237 - - - - - 3,008,897 Deferred tax assets 3,968 - 2,768 - 901 - - - 7,637 Total non-current assets 11,652,441 203,505 656,110 56 126,790 8 105,317 40 12,744,267 Total assets 14,740,832 231,310 1,026,756 140,911 215,707 16,795 295,458 542 16,668,311 December 31, 2021 U.S. dollar Euros Brazilian real Argentine pesos Mexican pesos Other currencies Chilean Pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Liabilities Current liabilities Other current financial liabilities 225,502 66,707 884 133 - - - 46,215 339,441 Current lease liabilities 9,140 107 4,208 - 1,391 63 26,944 7,750 49,603 Trade and other current payables 288,172 13,955 79,653 16,616 27,889 8,761 268,624 34,787 738,457 Accounts payable to related companies 230 - - - - - 2,347 - 2,577 Other short-term provisions 337 - - - - - - - 337 Current tax liabilities 59,319 7,655 4,339 44,856 11,803 - 9 - 127,981 Current provisions for employee benefits - - - - - - 4,593 - 4,593 Other current non-financial liabilities 131,214 73 24,680 4,679 7,195 739 5,074 - 173,654 Total current liabilities 713,914 88,497 113,764 66,284 48,278 9,563 307,591 88,752 1,436,643 Non-current liabilities Other non-current financial liabilities 3,917,343 442,833 26,880 - - - - 987,808 5,374,864 Non-current lease liabilities 69,905 159 17,694 - 2,377 107 11,334 12,125 113,701 Non-current payables - - 2,272 - - - - - 2,272 Other long-term provisions - - 3,489 26,060 - - - - 29,549 Deferred tax liabilities 1,664,506 - 77,637 - 5,662 - - - 1,747,805 Non-current provisions for employee benefits - - - - 842 - 67,125 - 67,967 Other non-current non-financial liabilities - - 76,982 14 - - 10 - 77,006 Total non-current liabilities 5,651,754 442,992 204,954 26,074 8,881 107 78,469 999,933 7,413,164 Total liabilities 6,365,668 531,489 318,718 92,358 57,159 9,670 386,060 1,088,685 8,849,807 12-31-2022 12-31-2021 Up to 90 days From 91 days to 1 year Total Up to 90 days From 91 days to 1 year Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Total current liabilities 1,241,515 284,769 1,526,284 1,111,151 325,492 1,436,643 Other current financial liabilities 141,110 234,341 375,451 59,007 280,434 339,441 U.S. dollar 138,283 113,808 252,091 58,794 166,708 225,502 Euros - 69,139 69,139 - 66,707 66,707 Brazilian real 2,810 - 2,810 80 804 884 Argentine pesos 17 - 17 133 - 133 U.F. - 51,394 51,394 - 46,215 46,215 Bank borrowings 109,889 167,905 277,794 29,658 219,177 248,835 U.S. dollar 107,079 98,766 205,845 29,578 151,666 181,244 Euros - 69,139 69,139 - 66,707 66,707 Brazilian real 2,810 - 2,810 80 804 884 Other borrowings 31,221 66,436 97,657 29,349 61,257 90,606 U.S. dollar 31,204 15,042 46,246 29,216 15,042 44,258 Argentine pesos 17 - 17 133 - 133 U.F. - 51,394 51,394 - 46,215 46,215 Current lease liabilities 11,339 25,445 36,784 13,204 36,399 49,603 U.S. dollar 2,799 7,837 10,636 2,418 6,722 9,140 Euros 24 67 91 40 67 107 Brazilian real 2,240 7,823 10,063 1,111 3,097 4,208 Mexican pesos 457 1,122 1,579 337 1,054 1,391 Other currencies 2 21 23 22 41 63 Chilean pesos 4,264 6,452 10,716 6,768 20,176 26,944 U.F. 1,553 2,123 3,676 2,508 5,242 7,750 Trade and other current payables 795,533 17,305 812,838 732,189 6,268 738,457 U.S. dollar 233,932 294 234,226 288,107 65 288,172 Euros 23,271 6 23,277 13,945 10 13,955 Brazilian real 66,586 16,402 82,988 73,635 6,018 79,653 Argentine pesos 54,078 - 54,078 16,616 - 16,616 Mexican pesos 16,188 603 16,791 27,714 175 27,889 Other currencies 10,476 - 10,476 8,761 - 8,761 Chilean pesos 351,646 - 351,646 268,624 - 268,624 U.F. 39,356 - 39,356 34,787 - 34,787 Accounts payable to related companies 14,280 - 14,280 2,577 - 2,577 U.S. dollar 202 - 202 230 - 230 Chilean pesos 14,078 - 14,078 2,347 - 2,347 Other short-term provisions 8,198 1,315 9,513 337 - 337 U.S. dollar 7,934 - 7,934 337 - 337 Brazilian real 264 - 264 - - - U.F. - 1,315 1,315 - - - Current tax liabilities 24,251 2,618 26,869 126,059 1,922 127,981 U.S. dollar 16,864 2,618 19,482 59,207 112 59,319 Euros 5,123 - 5,123 7,655 - 7,655 Brazilian real 1,512 - 1,512 2,529 1,810 4,339 Argentine pesos - - - 44,856 - 44,856 Mexican pesos 752 - 752 11,803 - 11,803 Chilean pesos - - - 9 - 9 Current provisions for employee benefits 6,706 865 7,571 4,124 469 4,593 Chilean pesos 6,706 865 7,571 4,124 469 4,593 Other current non-financial liabilities 240,098 2,880 242,978 173,654 - 173,654 U.S. dollar 192,359 - 192,359 131,214 - 131,214 Euros 51 - 51 73 - 73 Brazilian real 33,011 - 33,011 24,680 - 24,680 Argentine pesos 5,120 - 5,120 4,679 - 4,679 Mexican pesos 4,828 - 4,828 7,195 - 7,195 Other currencies 16 - 16 739 - 739 Chilean pesos 4,713 2,880 7,593 5,074 - 5,074 12-31-2022 12-31-2021 From 13 months to 3 years From 3 years to 5 years More than 5 years Total From 13 months to 3 years From 3 years to 5 years More than 5 years Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Total non-current liabilities 2,392,390 1,104,841 3,896,609 7,393,840 2,342,748 661,414 4,409,002 7,413,164 Other non-current financial liabilities 1,028,450 947,217 3,179,704 5,155,371 1,097,939 582,606 3,694,319 5,374,864 U.S. dollar 782,284 492,898 2,362,234 3,637,416 886,371 180,000 2,850,972 3,917,343 Euros 126,793 129,736 129,657 386,186 124,640 127,324 190,869 442,833 Brazilian real 31,943 35,137 - 67,080 8,960 17,920 - 26,880 U.F. 87,430 289,446 687,813 1,064,689 77,968 257,362 652,478 987,808 Bank borrowings 368,353 164,873 129,657 662,883 227,008 325,244 190,869 743,121 U.S. dollar 209,617 - - 209,617 93,408 180,000 - 273,408 Euros 126,793 129,736 129,657 386,186 124,640 127,324 190,869 442,833 Brazilian real 31,943 35,137 - 67,080 8,960 17,920 - 26,880 Other borrowings 660,097 782,344 3,050,047 4,492,488 870,931 257,362 3,503,450 4,631,743 U.S. dollar 572,667 492,898 2,362,234 3,427,799 792,963 - 2,850,972 3,643,935 U.F. 87,430 289,446 687,813 1,064,689 77,968 257,362 652,478 987,808 Non-current lease liabilities 45,904 38,906 142,630 227,440 44,459 26,083 43,159 113,701 U.S. dollar 21,562 17,653 81,441 120,656 18,691 13,708 37,506 69,905 Euros 109 1 - 110 156 3 - 159 Brazilian real 17,335 16,375 57,496 91,206 7,288 7,688 2,718 17,694 Mexican pesos 1,646 13 - 1,659 2,338 39 - 2,377 Other currencies - - - - 107 - - 107 Chilean pesos 197 352 - 549 10,875 459 - 11,334 U.F. 5,055 4,512 3,693 13,260 5,004 4,186 2,935 12,125 Non-current payable 2,462 - 17,654 20,116 2,272 - - 2,272 Brazilian real 2,462 - - 2,462 2,272 - - 2,272 Chilean pesos - - 17,654 17,654 - - - - Non- current accounts payable to related companies 3,283 - 3,448 6,731 - - - - Chilean pesos 3,283 - 3,448 6,731 - - - - Other long-term provisions 40,706 - - 40,706 29,549 - - 29,549 U.S. dollar 1,677 - - 1,677 - - - - Brazilian real 12,512 - - 12,512 3,489 - - 3,489 Argentine pesos 26,517 - - 26,517 26,060 - - 26,060 Deferred tax liabilities 1,152,877 94,256 538,782 1,785,915 1,067,067 23,521 657,217 1,747,805 U.S. dollar 1,088,336 92,026 501,595 1,681,957 1,007,289 - 657,217 1,664,506 Brazilian real 58,405 2,230 37,187 97,822 54,116 23,521 - 77,637 Mexican pesos 6,136 - - 6,136 5,662 - - 5,662 Non-current provisions for employee benefits 77,746 9,943 - 87,689 67,951 - 16 67,967 Mexican pesos 957 - - 957 826 - 16 842 Chilean pesos 76,789 9,943 - 86,732 67,125 - - 67,125 Other non-current non-financial liabilities 40,962 14,519 14,391 69,872 33,511 29,204 14,291 77,006 Brazilian real 40,939 14,519 14,391 69,849 33,487 29,204 14,291 76,982 Argentine pesos 10 - - 10 14 - - 14 Chilean pesos 13 - - 13 10 - - 10 The table below sets forth the subsidiaries that have determined a functional currency other than the U.S. dollar as follows: Subsidiary Country Functional currency Arauco Canada Ltd. Canada Canadian dollar Arauco Celulose do Brasil Brazil Brazilian real Arauco do Brasil S.A. Brazil Brazilian real Arauco Florestal Arapoti S.A. Brazil Brazilian real Arauco Forest Brasil S.A. Brazil Brazilian real Arauco Industria de Mexico, S.A. de C.V. Mexico Mexican pesos Arauco Industria de Paineis S.A. Brazil Brazilian real Arauco Participações Florestais Ltda. Brazil Brazilian real Araucomex Servicios, S.A. de C.V. Mexico Mexican pesos Consorcio Protección Fitosanitaria Forestal S.A. Chile Chilean pesos Empreendimentos Florestais Santa Cruz Ltda. Brazil Brazilian real Leasing Forestal S.A. Argentina Argentine pesos Mahal Empreendimentos e Participações S.A. Brazil Brazilian real Novo Oeste Gestao de Ativos Florestais S.A. Brazil Brazilian real Lemu Earth SpA Chile Chilean pesos The table below shows a detail per company of the effect in the period of the reserve of exchange differences on translation: January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Arauco do Brasil S.A. 55,101 (25,371 ) (90,528 ) Arauco Forest Brasil S.A. 17,585 (21,990 ) (84,241 ) Sonae Arauco S.A. (11,508 ) (16,092 ) 15,880 Arauco Florestal Arapoti S.A. 4,582 (4,843 ) (18,015 ) Arauco Industria México S.A. de C.V. 12,057 (3,008 ) (10,052 ) Arauco Canada Ltd. (16,249 ) 357 6,636 Others (3,702 ) (2,928 ) 1,387 Total reserve of exchange differences on translation 57,866 (73,875 ) (178,933 ) Effect of foreign exchange rates changes January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Exchange differences recognized in profit or loss, except for those arising on financial instruments measured at fair value through profit or loss 18,436 9,022 (26,752 ) Reserve of exchange differences on translation (with non-controlling interests) 57,867 (80,965 ) (183,419 ) |
BORROWING COSTS
BORROWING COSTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Borrowing Costs [Abstract] | |
Disclosure of borrowing costs [text block] | N Arauco capitalizes interest at effective rate on current investment projects. At the date of issuance of these consolidated financial statements, Arauco has capitalized financial interest related to the modernization and expansion of Planta Arauco (MAPA). January - December 2022 2021 ThU.S.$ ThU.S.$ Interest cost capitalized, property, plant and equipment Capitalization rate of interest cost capitalized, property, plant and equipment 4.33 % 4.36 % Amount of the interest cost capitalized, property, plant and equipment 103,629 80,789 |
RELATED PARTIES
RELATED PARTIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Related Party [Abstract] | |
Disclosure of related party [text block] | N Related Party Disclosures Related parties are those entities defined in IAS 24 and under the rules of the Chilean Commission for the Financial Market and the Chilean Corporations Law. The receivable and payable amounts among related parties at the end of each period correspond to commercial and financing transactions denominated in Chilean pesos, U.S. dollars and Brazilian real, where collection or payment deadlines are shown in the following tables and in general do not bear interest, except for financing transactions. As of the date of these consolidated financial statements, the main transactions with related parties are related to fuel purchases with Copec S.A. and sodium chlorate purchases at EKA Chile S.A. As of the date of these consolidated financial statements, there are neither provisions for accounts of doubtful collection nor any guarantees granted or received related to the balances with related parties. Name of Group’s Main Shareholders The ultimate shareholders of Arauco, direct and indirectly, are Mr. Roberto Angelini Rossi and Mrs. Patricia Angelini Rossi. Name of the Intermediate Controlling Entity that Produces consolidated financial Statements for Public Use Empresas Copec S.A. Key Management Personnel Compensation Compensation to key management personnel, including directors, managers and deputy managers, consist of a fixed monthly salary, and managers and deputy managers also receive an annual bonus subject to the results of the Company and the fulfillment of goals of the business as well as individual performance. Pricing Strategy Terms and Conditions Corresponding to Transactions with Related Parties Transactions carried out with related parties are intended to contribute to the corporate interest, are adjusted in price, terms and conditions to those prevailing in the market at the time of approval, and meet the requirements and procedures set forth in the law. The table below sets forth information about the Relationship between the Parent Company and its Subsidiaries % Ownership interest % Ownership interest Functional 12-31-2022 12-31-2021 ID N ° Company Name Country Currency Direct Indirect Total Direct Indirect Total 77.630.621-5 Agrícola Ranquillón SpA ( 6 Chile U.S. dollar - 98.58669 98.58669 - - - 77.630.618-5 Agrícola San Carlos SpA ( 6 Chile U.S. dollar - 99.94839 99.94849 - - - 77.630.623-1 Agrícola Santa Emilia SpA ( 6 Chile U.S. dollar - 99.94839 99.94839 - - - 77.630.625-8 Agrícola Santa Isabel SpA ( 6 Chile U.S. dollar - 99.94839 99.94839 - - - 77.630.626-6 Agrícola Siberia SpA ( 6 Chile U.S. dollar - 98.58669 98.58669 - - - 77.630.629-0 Agrícola Trupán SpA ( 6 Chile U.S. dollar - 98.58669 98.58669 - - - - Arauco Argentina S.A. Argentina U.S. dollar 9.97070 90.00940 99.98010 9.97070 90.00928 99.97998 - Arauco Australia Pty Ltd. Australia U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 96.547.510-9 Arauco Bioenergía S.A. Chile U.S. dollar 98.0000 1.99897 99.99897 98.00000 1.99897 99.99897 - Arauco Canada Ltd. Canada Canadian dollar - 99.99911 99.99911 - 99.99898 99.99898 - Arauco Celulose do Brasil S.A. (2) Brazil Brazilian real - 99.99907 99.99907 - - - - Arauco Colombia S.A. Colombia U.S. dollar 1.47783 98.52042 99.99825 1.47780 98.52040 99.99820 - Arauco do Brasil S.A. Brazil Brazilian real 1.06807 98.93105 99.99912 1.06810 98.93089 99.99899 - Arauco Europe Cooperatief U.A. Holanda U.S. dollar 0.52148 99.47751 99.99899 0.52150 99.47748 99.99898 - Arauco Florestal Arapoti S.A. Brazil Brazilian real - 99.99900 99.99900 - 99.99900 99.99900 - Arauco Forest Brasil S.A. Brazil Brazilian real 8.68654 91.31253 99.99907 10.08090 89.91818 99.99908 - Arauco Participações Florestais Ltda. Brazil Brazilian real - 99.99907 99.99907 - 99.99910 99.99910 - Arauco Industria de México, S.A.de C.V. Mexico Mexican pesos - 99.99910 99.99910 - 99.99897 99.99897 - Arauco Industria de Paineis S.A. Brazil Brazilian real - 99.99912 99.99912 - 99.99900 99.99900 - Arauco Middle East DMCC Dubai U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 - Arauco North America, Inc. United States U.S. dollar 0.00010 99.99901 99.99911 0.00010 99.99888 99.99898 - Arauco Perú S.A. Peru U.S. dollar 0.00126 99.99772 99.99898 0.00130 99.99768 99.99898 - Arauco Pulp Limited ( 3 United Kingdom U.S. dollar - 99.99898 99.99898 - - - - Arauco Ventures Limited ( 3 United Kingdom U.S. dollar - 99.99898 99.99898 - - - - Arauco Wood (China) Company Limited China U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 - Arauco Wood Limited. (1) United Kingdom U.S. dollar 12.63126 87.36874 100.00000 - - - - Araucomex S.A. de C.V. Mexico U.S. dollar 0.00050 99.99861 99.99911 0.00050 99.99848 99.99898 - Araucomex Servicios, S.A. de C.V. Mexico Mexican pesos 0.33333 99.66578 99.99911 0.33330 99.66569 99.99899 96.657.900-5 Consorcio Protección Fitosanitaria Forestal S.A. Chile Chilean pesos - 56.82817 56.82817 - 56.44810 56.44801 - Empreendimentos Florestais Santa Cruz Ltda. Brazil Brazilian real - 99.99866 99.99866 - 99.99854 99.99854 85.805.200-9 Forestal Arauco S.A. Chile U.S. dollar 99.94839 - 99.94839 99.94840 - 99.94840 93.838.000-7 Forestal Cholguán S.A. Chile U.S. dollar - 98.58669 98.58669 - 98.58141 98.58141 96.563.550-5 Inversiones Arauco Internacional Ltda. Chile U.S. dollar 98.01862 1.98036 99.99898 98.01860 1.98038 99.99898 79.990.550-7 Investigaciones Forestales Bioforest S.A. Chile U.S. dollar 1.00000 98.94891 99.94891 1.00000 98.94892 99.94892 - Leasing Forestal S.A. Argentina Argentine pesos - 99.98010 99.98010 - 99.98000 99.98000 76.860.724-9 Lemu Earth SpA ( 5 Chile Chilean pesos - 86.61426 86.61426 - 86.61505 86.61505 - Lemu Global Limited ( 4 United Kingdom U.S. dollar - 99.99898 99.99898 - - - - Maderas Arauco Costa Rica S.A. Costa Rica U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 96.510.970-6 Maderas Arauco S.A. Chile U.S. dollar - 99.99860 99.99860 99.0000 0.99948 99.99948 - Mahal Empreendimentos e Participações S.A. Brazil Brazilian real - 99.99901 99.99901 - 99.99902 99.99902 - Novo Oeste Gestao de Ativos Florestais S.A. Brazil Brazilian real - 99.99907 99.99907 - 99.99904 99.99904 76.375.371-9 Servicios Aéreos Forestales Ltda. Chile U.S. dollar 0.01000 99.98898 99.99898 0.0100 99.98898 99.99898 96.637.330-K Servicios Logísticos Arauco S.A. Chile U.S. dollar 45.00000 54.99923 99.99923 45.0000 54.99972 99.99972 - Woodaffix, LLC. United States U.S. dollar - 99.99911 99.99911 - 99.99911 99.99911 (1) This company was created in May 2022. (2) This company was created in August 2022. (3) These companies were created in October 2022. (4) This company was created in November 2022. (5) This company changed its name from ODD Industries SpA to Lemu Earth SpA, in November 2022. (6) These companies were created in September 2022. The companies in the table below are classified as joint operations in accordance with IFRS 11. The assets, liabilities, income and expenses are recorded in relation to the Company’s ownership percentage in accordance with accounting standards applicable in each case. Company Name Country Functional currency Eufores S.A. Uruguay U.S. dollar Celulosa y Energía Punta Pereira S.A. Uruguay U.S. dollar Zona Franca Punta Pereira S.A. Uruguay U.S. dollar Forestal Cono Sur S.A. Uruguay U.S. dollar Stora Enso Uruguay S.A. Uruguay U.S. dollar El Esparragal Asociación Agraria de R.L. Uruguay U.S. dollar Ongar S.A. Uruguay U.S. dollar Terminal Logística e Industrial M’Bopicuá S.A. Uruguay U.S. dollar According to significant restrictions on the ability of subsidiaries to transfer funds to Arauco, in the form of cash dividends or repayment of borrowings and/or advances, we state the following: Long-term debt with related entities - Mutual Agreement with Arauco Argentina S.A. On June 5, 2017, Arauco signed a mutual agreement with its subsidiary Arauco Argentina S.A., pursuant to which this subsidiary received an amount of U.S.$ 250,000,000, which accrues an interest at the LIBOR interest rate for 180 days plus a fixed spread of 5.20%, with payments every six months on June 1 and December 1 of each year. Since 2020, the Central Bank of the Argentine Republic (BCRA) established certain foreign exchange controls, preventing Arauco Argentina S.A. from repaying the amount of ThU.S.$ 160,000 owed under the mutual agreement described above which matured on June 1, 2022. On July 14, 2022, Arauco Argentina S.A. paid ThU.S.$ 6,000 of the amount owed under the mutual agreement described above, remaining to pay ThU.S.$ 154,000 as of the date of these financial statements. Key Management Personnel Compensation and Redundancy Benefits January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Salaries and bonuses 83,266 78,114 66,366 Per diem compensation to members of the Board of Directors 2,432 2,538 2,351 Termination benefits 8,320 2,437 5,049 Total 94,018 83,089 73,766 Related Party Receivables, Current 12-31-2022 12-31-2021 Name of related party Tax ID No . Nature of Country Currency Maturity ThU.S.$ ThU.S.$ Forestal Mininco S.A. 91.440.000-7 Common stockholder Chile Chilean pesos 30 days 1 12 Eka Chile S.A. 99.500.140-3 Joint venture Chile Chilean pesos 30 days 2,626 2,510 Colbún S.A. 96.505.760-9 Common stockholder Chile Chilean pesos 30 days 21 72 CMPC Pulp S.A. 96.532.330-9 Common stockholder Chile Chilean pesos - - 651 CMPC Tissue S.A. 96.529.310-8 Common stockholder Chile Chilean pesos - - 383 Fundación Acerca Redes 65.097.218-K Parent company is founder and contributor Chile Chilean pesos 30 days 41 165 Parque Eólico Ovejera Sur SpA. 76.839.949-2 Joint venture Chile Chilean pesos 30 days 100 - E2E S.A. 76.218.856-2 Joint venture Chile Chilean pesos 30 days 60 1,766 EMOAC SpA. 76.208.888-6 Common controlling parent Chile Chilean pesos 30 days 1 - TOTAL 2,850 5,559 Related Party Payables, Current Name of related party Tax ID No . Nature of Country Currency Maturity 12-31-2022 ThU.S.$ 12-31-202 1 ThU.S.$ Copec S.A. 99.520.000-7 Common controlling parent Chile Chilean pesos 30 days 4,474 1,682 Abastible S.A. 91.806.000-6 Common controlling parent Chile Chilean pesos 30 days 189 181 Fundación Educacional Arauco 71.625.000-8 Parent company is founder and contributor Chile Chilean pesos 30 days 780 465 Empresa Nacional de Telecomunicaciones S.A. 92.580.000-7 Common stockholder Chile Chilean pesos 30 days 4 4 Servicios Corporativos Sercor S.A. 96.925.430-1 Associate Chile Chilean pesos - - 12 Compañía Puerto de Coronel S.A. 79.895.330-3 Subsidiary of an associate Chile U.S. dollar 30 days 202 229 Air BP Copec S.A. 96.942.120-8 Joint venture of controlling parent Chile Chilean pesos 30 days 3 3 Sonae Arauco Portugal S.A. - Subsidiary of joint venture Portugal U.S. dollar - - 1 Agrícola San Gerardo SpA 77.017.167-9 Joint venture Chile Chilean pesos 30 days 146 - Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Dic-31-23 8,482 - TOTAL 14,280 2,577 Related Party Payables, Non-Current . Name of related party Tax ID No . Nature of Country Currency Maturity 12-31-2022 ThU.S.$ 12-31-2021 ThU.S.$ Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Dic-31-24 3,283 - Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Dic-31-27 3,448 - TOTAL 6,731 - Related Party Transactions Purchases 12-31-2022 12-31-2021 12-31-2020 Name of Related Party Tax ID No. Nature of Country Currency Transaction ThU.S.$ ThU.S.$ ThU.S.$ Abastible S.A. 91.806.000-6 Common controlling parent Chile Chilean pesos Fuel 3,207 2,644 2,113 Copec S.A. 99.520.000-7 Common controlling parent Chile Chilean pesos Fuel and other 92,643 75,166 48,983 Compañía Puerto de Coronel S.A. 79.895.330-3 Subsidiary of the Associate Chile U.S. Dollar Transport, stowage and port services 7,643 8,518 17,506 EKA Chile S.A. 99.500.140-3 Joint Venture Chile Chilean pesos Sodium chlorate 41,540 42,318 38,633 Forestal del Sur S.A. 79.825.060-4 Associate of a subsidiary’s minority shareholder Chile Chilean pesos Wood and chips - 433 4,495 Portaluppi, Guzman y Bezanilla Abogados Ltda. 78.096.080-9 Common director Chile Chilean pesos Legal services 851 778 703 Empresa Nacional de Telecomunicaciones S.A. 92.580.000-7 Common Stockholder Chile Chilean pesos Telephone services 123 214 229 Colbún S.A. 96.505.760-9 Common Stockholder Chile Chilean pesos Electrical Power 834 386 51 Colbún Transmisión S.A. 76.218.856-2 Common Stockholder Chile Chilean pesos Electrical Power 77 514 399 Woodtech S.A. 76.724.000-7 Indirect associate of controlling parent Chile Chilean pesos Wood volumen measurement services 1,012 1,238 1,362 Inversiones Siemel S.A. 94.082.000-6 Common Stockholder Chile Chilean pesos Rentals - 51 279 Elemental S.A. 76.659.730-0 Associate of controlling parent Chile Chilean pesos Services and other purchases 113 93 364 Servicios Corporativos Sercor S.A. 96.925.430-1 Associate Chile Chilean pesos Other purchases 246 222 242 Vía Limpia SpA 79.874.200-0 Common controlling parent Chile Chilean pesos Other purchases 199 199 191 Sales 12-31-2022 12-31-2021 12-31-2020 Name of Related Party Tax ID No. Nature of Country Currency Transaction ThU.S.$ ThU.S.$ ThU.S.$ Colbún S.A. 96.505.760-9 Common Stochholder Chile Chilean pesos Electrical Power 161 256 149 EKA Chile S.A. 99.500.140-3 Joint venture Chile Chilean pesos Electrical Power 23,539 21,891 16,559 Forestal del Sur S.A. 79.825.060-4 Associate of a subsidiary’s minority shareholder Chile Chilean pesos Harvesting services, wood and chips - 7,329 21,146 Fundación Educacional Arauco 71.625.000-8 Parent company is founder and contributor Chile Chilean pesos IT and administrative services 299 139 188 CMPC Pulp S.A. 96.532.330-9 Common Stockholder Chile Chilean pesos Wood and chips 525 9,027 7,849 CMPC Tissue S.A. 96.529.310-8 Common Stockholder Chile Chilean pesos Pulp - 1,127 3,681 Compañía Puerto de Coronel S.A. 79.895.330-3 Subsidiary of an associate Chile U.S. dollar Other sales 453 56 53 E2E S.A. 76.879.577-0 Joint venture Chile Chilean pesos Wood, plywood and boards 246 355 471 EMOAC SPA 76.208.888-6 Indirect subsidiary of controlling parent Chile Chilean pesos Electrical Power 3,272 - - Other transactions 12-31-2022 12-31-2021 12-31-2020 Name of related party Tax ID No. Nature of Country Currency Transaction ThU.S.$ ThU.S.$ ThU.S.$ Falcão MS SPE S.A. - Associate Brasil Reales Capital contribution 9,664 - - Agrícola San Gerardo SpA 77.017.167-9 Joint venture Chile Chilean pesos Capital contribution 136 - - Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Capital contribution 31,998 7,452 - Agrícola El Paque SpA 77.209.739-5 Joint venture Chile Chilean pesos Capital contribution - 1,095 - Parque Eólico Ovejera Sur SpA. 76.839.949-2 Joint venture Chile Chilean pesos Capital contribution 118 123 354 E2E S.A. 76.879.577-0 Joint venture Chile Chilean pesos Capital contribution - 7,759 15,022 E2E S.A. 76.879.577-0 Joint venture Chile U.S. dollar Borrowing 3,546 1,125 41 |
INVESTMENTS IN SUBSIDIARIES
INVESTMENTS IN SUBSIDIARIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Investments In Subsidiaries | N The main operations carried out in the years 2022 and 2021 are reported below: Arauco determined it necessary to reorganize its activity in the wood product segment by centralizing its investments in the wood market in an entity that allows a common direction and control. This is the reason why, on May 23, 2022, the company Arauco Wood Limited was created. Such international parent entity was incorporated in the United Kingdom, a country which is considered and valued as one of the main investment platforms and center global financial system, and known for its institutional stability. In June and December 2022, Arauco, through its subsidiary Inversiones Arauco International Ltda. and the parent of the group, Celulosa Arauco y Constitución S.A., contributed their subsidiaries from the wood segment to the new company Arauco Wood Limited. These contributions were for a total amount of ThU.S.$ 1,989,972. This operation did not generate an effect within the consolidated statements of profit or loss as of December 31, 2022 . With this reorganization, Arauco intends to achieve a more efficient international structure in a first-class financial center, thus generating an attractive investment focus for potential new investors or other market players. This centralization of the wood product segment will also allow a better and more efficient management, enhancing its investments with a solid structure and greater projections of profitability, growth and sustainability. On December 2, 2021, Arauco through its subsidiary Arauco Forest Brasil S.A. acquired all Stora Enso Amsterdam B.V. participation (it owned 20% of the total shares of Arauco Forestal Arapoti S.A.) for ThR$ 294,549 (equivalents to ThU.S.$ 52,516), leaving Arauco with a total participation of 100%. Following IFRS 10, as Arauco previously had control over this investment and this operation is an acquisition from a minority shareholder, the difference resulting from the book values and the fair value of the paid was recognized directly in equity. This amount in equity at the end of 2021 was ThU.S.$ 35,880. On March 10, 2021, Arauco through the subsidiary Forestal Arauco S.A. sold its total participation in the company Forestal Los Lagos SpA (ex S.A.) for ThU.S.$ 48,000. This operation generated a profit of ThU.S.$ 20,381 that is presented in other income. |
INVESTMENTS IN ASSOCIATES
INVESTMENTS IN ASSOCIATES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Investments In Associates [Abstract] | |
Disclosure of interests in associates [text block] | N During the year 2022, the following investments were made in associates: On August 8, 2022, the subsidiary Arauco Participações Florestais Ltda. of Brasil created the company Falcão MS SPE S.A., and during the year 2022, Arauco contributed capital to the new company for ThR$ 49,985 (equivalents to ThU.S.$ 9,664). As of December 31, 2021, there were no new investments in associates to report. The following tables set forth information about investments in associates. Name Inversiones Puerto Coronel S.A. Country Chile Functional currency U.S. dollar Corporate purpose Investments in movables and real estate, acquisition of companies, securities and investment instruments, investment management and development and/or participation in all kind of businesses and companies related to industrial, shipping, forestry and commercial activities. Ownership interest (%) 50.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 64,000 ThU.S.$ 55,873 Name Servicios Corporativos Sercor S.A. Country Chile Functional currency Chilean pesos Corporate purpose Consulting services related to business management to Boards of Directors and Senior Management of all Arauco’s entities. Ownership interest (%) 20.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 325 ThU.S.$ 220 Name Genómica Forestal S.A. Country Chile Functional currency Chilean pesos Corporate purpose Developing forestry genomics, through the use of biotechnological, molecular and bioinformatics tools with the purpose of strengthening genetic programs so as to improve the competitive position of the Chilean forestry industry for priority tree species. Ownership interest (%) 25.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 6 ThU.S.$ 7 Name Consorcio Tecnológico Bioenercel S.A. Country Chile Functional currency Chilean pesos Corporate purpose Developing of technologies which will promote the development of a biofuels industry in Chile, obtained from lingo-cellulosic materials. The future execution of this sustainable project is financed by the Innova Chile Committee. Ownership interest (%) 20.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 1 ThU.S.$ 1 Name Florestal Vale do Corisco S.A. Country Brazil Functional currency Brazilian real Corporate purpose Management of forestry activities. Ownership interest (%) 49.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 26,910 ThU.S.$ 26,823 Name Falcão MS SPE S.A. Country Brazil Functional currency Brazilian real Corporate purpose Management of land for leases to related parties. Ownership interest (%) 49.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 9,579 ThU.S.$ - Summarized Financial Information of Associates 12-31-2022 Assets Inversiones Puerto Serv.Corporativos Florestal Vale Falcão Consorcio Genómica Total ThU.S.$ Current 1 5,677 2,368 413 - 12 8,471 Non-current 129,819 2,273 73,089 19,136 4 52 224,373 Total of associates 129,820 7,950 75,457 19,549 4 64 232,844 Liabilities and Equity Inversiones Puerto Serv.Corporativos Florestal Vale do Falcão Consorcio Genómica Total ThU.S.$ Current 54 4,527 1,066 1 - 7 5,655 Non-current - 1,798 19,475 - 3 28 21,304 Equity 129,766 1,625 54,916 19,548 1 29 205,885 Total of associates 129,820 7,950 75,457 19,549 4 64 232,844 12-31-2022 Income - 4,323 9,741 - - - 14,064 Other income / expenses 9,544 (3,736 ) (5,290 ) (3 ) - - 515 Net profit or loss (continuing operations) of associates 9,544 587 4,451 (3 ) - - 14,579 Other comprehensive income - - - - - - - Comprehensive income 9,544 587 4,451 (3 ) - - 14,579 Dividends received - - 1,511 - - - 1,511 12-31-2021 Assets Inversiones Puerto Coronel Serv.Corporativos Sercor Florestal Vale do Corisco Consorcio Tecnológico Genómica Forestal Total ThU.S.$ Current 1 4,761 4,638 - 12 9,412 Non-current 113,580 2,773 69,602 6 52 186,013 Total 113,581 7,534 74,240 6 64 195,425 Liabilities and Equity Inversiones Puerto Serv.Corporativos FlorestalVale do Consorcio Tecnológico Genómica Forestal Total ThU.S.$ Current 55 4,297 1,292 - 7 5,651 Non-current - 2,138 18,208 4 28 20,378 Equity 113,526 1,099 54,740 2 29 169,396 Total of associates 113,581 7,534 74,240 6 64 195,425 12-31-2021 Income - 4,577 8,892 - - 13,469 Other income / expenses (4,208 ) (4,277 ) (4,047 ) (1 ) (1 ) (12,534 ) Net profit or loss (continuing operations) of associates (4,208 ) 300 4,845 (1 ) (1 ) 935 Other comprehensive income - - - - - - Comprehensive income (4,208 ) 300 4,845 (1 ) (1 ) 935 Dividends received - - 2,695 - - 2,695 Reconciliation of Investment in Associates and Joint Ventures 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Opening balance as of January 1 336,642 316,939 Changes Investment in joint ventures, additions (*) 9,664 - Investment in joint ventures, additions (**) 32,252 16,429 Disposals, investment in associates and joint ventures (***) (1,878 ) (3,197 ) Share of profit (loss) in investment in associates 7,069 330 Share of profit (loss) in investment in joint ventures 26,615 31,056 Dividends received, Investments in associates (35,187 ) (3,288 ) Increase (decrease) in foreign exchange currency on translation of associates and joint ventures (11,779 ) (20,167 ) Other increase (decrease) in investment in associates and joint ventures 2,273 (1,460 ) Total changes 29,029 19,703 Closing balance 365,671 336,642 (*) During the year 2022, Arauco Participações Florestais Ltda. made a capital contribution to Falcão MS SPE S.A., for ThR$ 49,985 that in total is equivalent to ThU.S.$ 9,664 for 49,984,900 shares. (**) During the year 2022, the main movement corresponds to: -Forestal Arauco S.A. made a capital contribution in assets as non-monetary assets to Agrícola Fresno, for ThU.S.$ 31,998 for 6,399,520 shares. During the year 2021, the main movement corresponds to: -Maderas Arauco S.A. made a capital contribution between January and November to E2E S.A., for ThCLP$ 5,925,000 that in total is equivalent to ThU.S.$ 7,759. -Forestal Arauco S.A. made a capital contribution in assets as non-monetary assets to Agrícola Fresno for ThU.S.$ 7,452 in November 2021 for 1,490,400 shares. (***) ThU.S.$ 1,878 equivalent to R$ 9,800,000 corresponding to a capital decrease of Arauco Forest do Brasil S.A. en Florestal Vale Do Corisco S.A. on October 11, 2022. ThU.S.$ 3,197 account for the carrying amount of investment in Unilin Arauco Pisos Ltda., which was sold on January 12, 2021. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Carrying amount of investments in associates accounted for using equity method 100,821 82,924 Carrying amount of investments in joint ventures accounted for using equity method 264,850 253,718 Total investment accounted for using equity method 365,671 336,642 |
INTERESTS IN JOINT ARRANGEMENTS
INTERESTS IN JOINT ARRANGEMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Interests In Joint Arrangements [Abstract] | |
Disclosure of interests in joint arrangements [text block] | N Investments and contributions made The main operations carried out in the years 2022 and 2021 are reported below: On October 13, 2021, Arauco, through its subsidiary Forestal Arauco S.A. created Agrícola Fresno SpA with the purpose of developing agricultural projects. It was incorporated with a capital of ThU.S.$ 1,000, Forestal Arauco S.A. contributed the equivalent of 50% of the shares of the new subsidiary. On November 2021, it was agreed to increase the capital to ThU.S.$ 7,452 and during the period of 2022 ThU.S.$ 31,998, Forestal Arauco S.A. contributed all of the committed capital (50%) through the contribution of assets. Between January and December of 2021, Arauco through its subsidiary Maderas Arauco S.A., contributed to E2E S.A. the amount of ThCLP$ 5,925,000 (equivalent to ThU.S.$ 7,759). On January 12, 2021, Arauco, through its subsidiary Arauco do Brasil S.A., sold its total 50% participation in Unilin Arauco Pisos Ltda. This transaction generated a loss before taxes of ThU.S.$ 431. As of December 31, 2022 and 2021, Arauco has not made contributions to Uruguayan companies Celulosa y Energía Punta Pereira S.A. and Zona Franca Punta Pereira S.A. The investments in Uruguay qualify as a joint operation. In relation to “other rights and contractual conditions”, the joint operation has the primary objective of providing the parties an output. As established in the “Pulp Supply Agreement”, both Arauco and its partner have the obligation to acquire 100% of the yearly pulp produced by the joint operation. Arauco has recognized the assets, liabilities, income and expenses associated with its interest ownership, as of January 1, 2013, pursuant to IFRS 11. Arauco holds a 50% interest in Sonae Arauco, which subsidiary produces and commercializes wood panels, of the type of MDF, PB and OSB, and sawn timber, through the operation of 2 panel plants and one sawmill in Spain; 2 panel plants and one resin plant in Portugal; 3 panel plants in Germany and 2 panel plants in South Africa. Furthermore, Arauco holds a 50% ownership in Eka Chile S.A. (“Eka”), a company that sells sodium chlorate to pulp plants in Chile. There is a contractual agreement with this company whereby Arauco has engaged in an economic activity subject to common control, which is classified as a joint venture. The following tables set forth summarized financial information of the more significant interests in joint arrangements, which qualify as joint operations: 12-31-2022 12-31-2021 Celulosa y Energía Punta Pereira S.A. Assets Liabilities Assets Liabilities (Uruguay) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 478,480 114,012 384,960 162,106 Non-current 1,982,237 141,588 2,036,696 210,981 Equity - 2,205,117 - 2,048,569 Total joint arrangement 2,460,717 2,460,717 2,421,656 2,421,656 Investment 1,102,559 1,024,285 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 1,108,952 917,391 Expenses (636,797 ) (575,745 ) Joint arrangement net income (loss) 472,155 341,646 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Forestal Cono Sur S.A. (consolidated) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 30,769 5,894 23,068 2,502 Non-current 158,787 4,119 167,159 10,618 Equity - 179,543 - 177,107 Total joint arrangement 189,556 189,556 190,227 190,227 Investment 89,772 88,554 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 2,870 10,596 Expenses (434 ) (6,935 ) Joint arrangement net income (loss) 2,436 3,661 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Eufores S.A. (consolidated) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 125,027 193,423 133,384 189,643 Non-current 892,452 119,050 892,020 147,006 Equity - 705,006 - 688,755 Total joint arrangement 1,017,479 1,017,479 1,025,404 1,025,404 Investment 352,503 344,378 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 252,524 230,089 Expenses (237,338 ) (202,423 ) Joint arrangement net income (loss) 15,186 27,666 12-31-2022 12-31-2021 Zona Franca Punta Pereira S.A. Assets Liabilities Assets Liabilities (Uruguay) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 13,824 101,385 6,712 101,698 Non-current 432,769 - 442,624 13,014 Equity - 345,208 - 334,624 Total joint arrangement 446,593 446,593 449,336 449,336 Investment 172,604 167,312 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 20,703 18,235 Expenses (10,120 ) (17,106 ) Joint arrangement net income (loss) 10,583 1,129 The following tables set forth summarized financial information of the more significant interests in joint ventures accounted in for equity method and its movements are presented in Note 15: 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Eka Chile S.A. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 17,673 4,821 16,083 4,980 Non-current 39,496 5,347 38,056 4,913 Equity - 47,001 - 44,246 Total joint arrangement 57,169 57,169 54,139 54,139 Investment 23,501 22,123 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 45,335 42,788 Expenses (41,580 ) (40,568 ) Joint arrangement net income (loss) 3,755 2,220 Other comprehensive income - - Comprehensive income 3,755 2,220 Dividends 500 594 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Sonae Arauco S.A. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 320,837 229,330 288,650 334,620 Non-current 668,138 352,759 699,984 247,006 Equity - 406,886 - 407,008 Total joint arrangement 988,975 988,975 988,634 988,634 Net assets 180,896 179,027 Net asset adjustment (goodwill) 22,547 24,477 Investment 203,443 203,504 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 1,241,698 1,153,385 Expenses (1,159,060 ) (1,082,798 ) Joint arrangement net income (loss) 82,638 70,587 Other comprehensive income - - Comprehensive income 82,638 70,587 Dividends 33,176 - 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Agrícola El Paque SpA. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 966 1,360 1,493 201 Non-current 18,914 5,450 15,455 4,162 Equity - 13,070 - 12,585 Total joint arrangement 19,880 19,880 16,948 16,948 Investment 6,534 6,293 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses 379 47 Joint arrangement net income (loss) 379 47 Other comprehensive income - - Comprehensive income 379 47 Dividends - - 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Parque Eólico Ovejera del Sur SpA. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 100 224 157 86 Non-current 2,885 - 2,298 - Equity - 2,761 - 2,369 Total joint arrangement 2,985 2,985 2,455 2,455 Investment 1,381 1,185 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses (43 ) (21 ) Joint arrangement net income (loss) (43 ) (21 ) Other comprehensive income - - Comprehensive income (43 ) (21 ) Dividends - - 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities E2E S.A. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 7,361 20,327 8,138 1,094 Non-current 20,914 11,301 28,357 3,078 Equity - (3,353 ) - 32,323 Total joint arrangement 28,275 28,275 36,495 36,495 Investment (1,677 ) 16,162 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 2,183 743 Expenses (35,759 ) (11,133 ) Joint arrangement net income (loss) (33,576 ) (10,390 ) Other comprehensive income - - Comprehensive income (33,576 ) (10,390 ) Dividends - - Agrícola San Gerardo SpA. 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 844 62 765 61 Non-current 5,661 2,871 4,929 2,125 Equity - 3,572 - 3,508 Total joint arrangement 6,505 6,505 5,694 5,694 Investment 1,786 1,754 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses 109 (52 ) Joint arrangement net income (loss) 109 (52 ) Other comprehensive income - - Comprehensive income 109 (52 ) Dividends - - Agrícola Fresno SpA 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 28,952 1,657 15,663 88 Non-current 58,755 7,232 10,485 2,225 Equity - 78,818 - 23,835 Total joint arrangement 87,707 87,707 26,148 26,148 Investment 39,409 11,918 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses (33 ) (49 ) Joint arrangement net income (loss) (33 ) (49 ) Other comprehensive income - - Comprehensive income (33 ) (49 ) Dividends - - |
IMPAIRMENT OF ASSETS
IMPAIRMENT OF ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
Description Of Impairment Of Assets [Abstract] | |
Disclosure of impairment of assets [text block] | N In 2022, as a result of loss of dryer, an impairment provision was made for ThU.S.$ 10,500 in Valdivia mill, which was recognized into impairment provisions of assets. In 2022, as a result of closing MDP line of Pien mill in Brasil, an impairment provision was made for ThU.S.$ 14,388, which amount include an impairment of goodwill for ThU.S.$ 3,895. At the end of 2022, considering the current projections of future margins, exchange differences and the sustained increasing risk in the Argentine Republic, and applying the usual procedures for determining impairment in accordance with IFRS, in the subsidiary Arauco Argentina, an impairment was recorded in the cash generating unit for the manufacture of cellulose pulp in the amount of ThU.S.$ 127,605. The premises included in this projection consider a discount rate of 22.07%, sales volume based on expected production data, sales prices based on the projection of international consultants and future investments of the machinery in its current state. In the United States, impairment provisions associated with sold and recovered from property, plant and equipment were reversed for a total of ThU.S.$ 7,014 (equivalent to ThU.S.$ 11,057 in the 2021 period). In addition, due to the modernization and expansion project of the Arauco mill ( Proyecto de Modernización y Ampliación de la Planta Arauco was totally impaired as of December 31, 2021. A s of December 31, 2022 and 2021, accumulated impairment of the assets of the CGU Line 1 of Arauco mill (pulp segment) was ThU.S.$ 101,069. All impairment provision charges are presented in the consolidated statement of profit or loss under other expenses by function, whose movements are shown below: 12-31-2022 12-31-2021 Changes in CGU s ThU.S.$ ThU.S.$ Opening balance 214,042 218,764 Impairment loss recognized in profit or loss 141,137 21,275 Reversal of impairment loss recognized in profit or loss (9,164 ) (21,858 ) Increase (decrease) in foreign exchange 2,335 (4,139 ) Closing balance 348,350 214,042 Changes in provisions for impairment of property, plant and equipment and spare parts due to technical obsolescence or loss to forest due to fires, are shown below: 12-31-2022 12-31-2021 Changes in impairment provision from impaired assets ThU.S.$ ThU.S.$ Opening balance 11,798 8,088 Impairment loss recognized in profit or loss 13,823 5,649 Reverse of impairment recognized loss in profit or loss (7,691 ) (2,112 ) Increase (decrease) in foreign exchange 155 173 Closing balance 18,085 11,798 Goodwill Goodwill is allocated to the groups of cash-generating units that are expected to benefit from the synergies of the combination. At the date of these consolidated financial statements, the balance of goodwill is ThU.S.$ 54,800 (ThU.S.$ 57,697 on December 31, 2021), as shown below: 12-31-2022 12-31-2021 Goodwill ThU.S.$ ThU.S.$ Arauco Canada Ltd. (Flakeboard Company Ltd) 40,676 40,802 Arauco do Brasil S.A. (Pien mill) 13,392 16,163 Arauco North America, Inc. (Prime-Line, Inc.) 732 732 Closing balance 54,800 57,697 12-31-2022 12-31-2021 Goodwill movement ThU.S.$ ThU.S.$ Opening balance at January 1 57,697 59,567 Increase (decrease) impairment (3,895 ) - Increase (decrease) due to business combination - (685 ) Increase (decrease) in foreign exchange 998 (1,185 ) Closing balance 54,800 57,697 Of the total of goodwill, ThU.S.$ 40,676 (ThU.S.$ 40,802 as of December 31, 2021) were generated by the acquisition of “Flakeboard” (currently Arauco Canada Ltd.), a company that, directly and/or through its subsidiaries, possesses and operates 7 panel plants, for which Arauco acquired and paid, on September 24, 2012, the price of ThU.S.$ 242,502 for the 100% interest ownership. The remaining balance of ThU.S.$ 732 corresponds to the acquisition of Prime-Line Inc., on September 1, 2019, for which Arauco North America Inc, a subsidiary of Arauco Canada Ltd. paid ThU.S.$ 18,880 for all the shares of said company. The recoverable amount for Flakeboard’s cash generating unit was determined based on the calculations of its value in use, and this calculation was made using cash flow projections covering a 7-year term, a period time, which is considered to represent the cyclicality of the business performance, applying a nominal discount rate of 7% which reflects current market assessments for the wood products segment in North America. Due to the investment in panel plant in Pien, Brazil, there is a goodwill of ThU.S.$ 13,392 (ThU.S.$ 16,163 as of December 31, 2021). The recoverable amount for the Pien mill’s cash generating unit was determined based on the calculations of its value in use, and this calculation was made using cash flow projections covering a 5-year term based on the operational plan approved by the Administration, applying a 7.4% nominal discount rate that reflects current evaluations for the panel segment in Brazil. As of December 31, 2022 and 2021, the carrying value of the goodwill of the plants did not exceed their recoverable value, except at the end of December 2022 in Brazil for the MDF line of the Pien mill, was recognized an impairment of goodwill, and it was for ThU.S.$ 3,895. |
PROVISIONS, CONTINGENT ASSETS A
PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Provisions Contingent Liabilities And Contingent Assets [Abstract] | |
Disclosure of other provisions, contingent liabilities and contingent assets [text block] | N The contingent liabilities for outstanding litigations are as follows: Celulosa Arauco y Constitución S.A. 1. On August 25, 2005, the Chilean Servicio de Impuestos Internos (the “Chilean IRS”) issued tax resolutions No. 184 and No. 185 of 2005, and objected certain income tax returns made by Arauco on April 16, 2001 and October 31, 2001, and furthermore, requested the reimbursement of the amounts returned in connection with tax losses, along with the amendment of the FUT (Tax Profits Fund) Registry balance. On November 7, 2005, the Company requested a Review of the Supervision Action (Revisión de la Actuación Fiscalizadora, or “RAF”), which is an administrative review of the tax action brought by the Chilean IRS, and filed a claim disputing the above mentioned tax resolutions No. 184 and 185 of 2005. The RAF was resolved on January 9, 2009 by the Chilean IRS, partially sustaining the Company’s request, consequently, with the last date, the respective claim was filed in what was not granted in the supervision stage. On September 26, 2014, Arauco requested the submission of this claim to the competent jurisdiction of the new Tax and Customs Courts. On October 10, 2014, Arauco’s request was granted. On September 20, 2017, the Court issued its first instance decision confirming the liquidations. On October 12, 2017, Arauco challenged the decision through an appeal . On June 21, 2019, Celulosa Arauco y Constitución S.A. filed a claim before the Constitutional Court to declare the legal provision contemplated under section 53, paragraph 3 of the Tax Code unconstitutional and, as a consequence, inapplicable. On October 29, 2019 the Constitutional Court accepted the claim filed by Celulosa Arauco y Constitución S.A. On March 7, 2023, the II Chamber of the Supreme Court resolved to dismiss the cassation appeal based on formal and substantial flaws filed by Celulosa Arauco y Constitución S.A. The case is now considered ended. 2. Through Res. Ex. N° 1 issued by the Superintendence of the Environment (“SMA”) on January 8, 2016, notified on January 14, 2016, the SMA formulated 11 charges against the Company, due to alleged breaches of certain Environmental Qualification Resolutions for the Valdivia Plant and of DS No. 90/2000. The 11 charges were classified as follows by the SMA: 1 critical, 5 severe and 5 minor. On February 12, 2016, the Company submitted its defenses. On December 15, 2017, the Superintendence of the Environment issued Exempted Resolution No. 1,487, closing the punitive administrative proceeding, absolving the company with regards to one of the charges and convicting for other 10 charges, applying a fine of 7,777 UTA (equal to ThU.S.$ 6,669 as of December 31, 2022). On December 22, 2017, the Company submitted a motion for reconsideration regarding Exempted Resolution No. 1.,487, before the SMA, requesting that we be absolved of all infringements, with the exception of the charge specified under number 7 (late submission of the water quality report regarding the Cruces river). On March 23, 2018, the reconsideration appeal lodged by the company was rejected. On April 5, 2018, a judicial claim was submitted before the Third Environmental Court. On November 12, 2018, the case was in agreement, and the Minister Ms. Sibel Villalobos Volpi was appointed to draft the ruling. On February 11, 2020 the judgment of the Third Environmental Court was notified, which partially accepted the legal claim of the Company, only as to the inadequate severity qualification of one of the charges. On February 28, 2020, both the Company and the SMA submitted cassation appeals based on form and content, to be heard and resolved by the Supreme Court. On December 13, 2022, the formal and substantial cassation appeals ( recursos de casación en la forma y en el fondo On January 26, 2023, payment of the aforementioned 5,360.2 UTA was performed. Ultimately, including the updated sum, plus interests, the payment amounted to M$ 3,991,009 (equivalent, as of the payment date, to ThU.S.$ 4,966). 3. On November 28, 2022, Ingeniería y Construcción Sigdo Koppers S.A. (“ICSK”) submitted a request for arbitration before the Arbitration and Mediation Center of the Chamber of Commerce of Santiago (CAM Santiago), seeking the resolution of the disputes which have arisen between the petitioner and Celulosa Arauco y Constitucion S.A., in connection with Contract No. 906 Civil Electromechanical Assembly of Digester, Washing, Bleaching, Machine and Final Line, executed on June 18, 2019 (the “Contract”). In its request, ICSK argues that, during the performance of the Contract, certain breaches occurred which prevented the works from being executed in the envisaged and stipulated manner, along with an increase in the quantities to execute and man-hours, all issues which affected the Contract’s performance term and the works’ total price. As a consequence of the foregoing, ICSK declares that it will file a claim for the performance of the Contract, and a claim for the indemnification of the damages it has suffered, indicating that they have amounted to approximately 6,900,000 Unidades de Fomento (ThU.S.$ 283,067 as of December 31, 2022). On January 18, 2023, CAM Santiago certified the designation – upon the parties’ mutual agreement – of the arbitrator who will review the dispute. On March 7, 2023, the hearing was held in which the Procedural Bases of the arbitration in progress were defined. In accordance with the agreement, Sigdo Koppers has, from the date of the arbitral hearing, a maximum period of 35 business days to present its claim, that is, until April 26, 2023. At the moment, we have not been notified of the filing of the lawsuit. As we will opportunely argue during the arbitration proceedings, Arauco believes that ICSK is responsible for the delays affecting the Contract’s performance, and that it owes Arauco fines for delays and other sums related to the return of advances, among other amounts. In light of this, we believe that a reasonable margin exists for a favorable outcome to be obtained by the Company. Celulosa Arauco y Constitución S.A., Forestal Arauco S.A., Maderas Arauco S.A. and Servicios Logísticos Arauco S.A. 1. On August 13, 2018, Asociación Gremial de Dueños de Camiones de Constitución (ASODUCAM) filed a complaint seeking the performance of a contract and claiming compensation for damages against Celulosa Arauco y Constitución S.A. before the Civil Court of Constitución (C-757-2018), Forestal Arauco S.A., Maderas Arauco S.A. and Servicios Logísticos Arauco S.A., The complaint is based on alleged breaches of some agreements for the allocation, distribution and supply of cargo volumes for the years 2001 and 2005, initially executed by associates of ASODUCAM with Forestal Arauco S.A., and then, allegedly, with Servicios Logísticos Arauco S.A., in favor of the other two defendants, Celulosa Arauco and Constitución S.A. and Maderas Arauco S.A. The complaint seeks to enforce the contract, plus $575,000,000 Chilean pesos (equal to ThU.S.$ 672 as of December 31, 2022) in compensation for damages. In the alternative, it claims (a) $11,189,270,050 Chilean pesos (equivalent to ThU.S.$ 13,074 as of December 31, 2022), for actual damages; (b) $ 11,189,270,050 monthly during the entire course of the trial, until the termination of the contract is declared in the final ruling, for loss of profits, and (c) $5,000,000,000 Chilean pesos (equivalent to ThU.S.$ 5,842 as of December 31, 2022) for moral damages. On August 28, 2018 the claim was served upon Celulosa Arauco y Constitución S.A., Forestal Arauco S.A. and Maderas Arauco S.A., but notification for Servicios Logísticos Arauco S.A. is pending. Considering that the Company’s position is based on solid legal grounds, there is a reasonable margin for obtaining a favorable result for the Company and, therefore, as of December 31, 2022, Arauco has not made any provision whatsoever in connection with this contingency. Forestal Arauco S.A. 1. On July 7, 2015 Inversiones Forestales Los Alpes Limitada and Forestal Neltume-Carrasco S.A. filed a claim against Forestal Arauco S.A. before the Civil Court of Angol (C-502-2015), in which they request that Forestal Arauco S.A. restitute the material possession of 1,855.9 hectares, which would be part of their property "Resto del Fundo Los Alpes", which would have an area of approximately 2,700 hectares. Likewise, they requested that it be declared that the property is the exclusive domain of the actors, the restitution of the civil and natural fruits, in addition to the deteriorations that the property would have experienced, with litigation costs. On May 29, 2019, the lawsuit was answered, and the counterclaim of the acquisitive prescription was filed. On September 1, 2020, the court received the case. Moreover, the resolution was notified on August 30, 2022, along with the resolution to reactivate the discovery period. On September 2, 2022, the company filed an abandonment incident of procedures, which is pending. Considering that the Company’s position is based on solid legal grounds, there is a reasonable margin for obtaining a favorable result for the Company and therefore, as of December 31, 2022, Arauco has not made any provision whatsoever in connection with this contingency. 2. On August 2, 2019, the company was notified of a lawsuit for termination of contract and compensation for damages filed by “Sociedad Recuperadora de Fibra S.A.” before the First Court of Valdivia (Case C-2215-2019). In the lawsuit, the plaintiff questions the anticipated termination of a contract by Forestal Arauco. It also claims that the company would have breached various contractual obligations regarding to 2 groups of contracts: A. (i) Aggregates Transport Contract and (ii) Production, Cargo, Storage and Construction Management Contract for Platforms and flooring. B. (i) Contract for the Production of Aggregates, (ii) Contract for Long Freight Services for Aggregates and (iii) Contract for Construction Services for Granular floor and Short Freight for Aggregates. Based on the foregoing, it requests payment of compensation for an amount of $3,486,187,431 Chilean pesos (equivalent to ThU.S.$ 4,073 as of December 31, 2022). On September 17, 2019, Forestal Arauco S.A. answered the claim and filed a counterclaim for compensation of damages which is in the process of a conciliation hearing, requesting that the main claimant be ordered to pay $ 421,723,281 Chilean pesos (equivalent to ThU.S.$ 493 as of December 31, 2022). Through the resolution dated as of January 9, 2020, the court received the case to commence the production of evidence and the notification of such resolution was delivered to both parties. As of this date, the term for the submission of evidence has expired. On December 31, 2022, observations were filed regarding the evidence adduced to the case. The court must now notify the parties of its order for judgment. Considering that the Company’s position is based on solid legal grounds, there is a reasonable margin for obtaining a favorable result for the Company and therefore, as of December 31, 2022, Arauco has not made any provision whatsoever in connection with this contingency. 3. On April 15, 2020, Forestal Arauco S.A. was notified of a civil claim for recovery ( demanda reivindicatoria de cuota On June 7, 2022, the procedure was declared abandoned. Ruling was upheld in the Court of Appeals of Talca on August 12, 2022 (Rol N°1021-2022 part of the case N°809-2020). On September 1, 2022, the Court of Constitución ordered compliance with the judgment issued. The case is now considered ended. 4. Forestal Arauco S.A. filed before the Court of Constitución (Case C-353-2019) a claim seeking compensation on the basis of non-contractual civil liability against Ricardo Guzmán Reyes, for damages caused as a result of illegal logging inside the land of Forestal Arauco called "Parte Sur-Poniente de la Hijuela Sur de la Hacienda Quivolgo" and "Lomas de Quivolgo". Said damages are valued in $ 100,000,000 Chilean pesos (equivalent to ThU.S.$ 117 as of December 31, 2022). On May 2, 2020, Mr. Ricardo Guzmán answered the lawsuit and filed a counterclaim for recovery in which he requests to Forestal Arauco S.A. the restitution of 3,424.59 hectares that it would be occupying, corresponding to the following properties owned by the latter: (i) "Predio que formaba parte de la Hijuela Sur Poniente, de la Hijuela Sur del Fundo Quivolgo", (ii) "Lomas de Quivolgo" and, (iii) "Hijuela Astillero". It is the opinion of the plaintiff that the aforementioned piece of land would be part of the property called "Bodega de subdelegation de Quivolgo", from which would have rights and shares corresponding to 2.38% of said property. Likelywise, the plaintiff requests to cancel the registration of the properties before mentioned of Forestal Arauco S.A., deeming it as a bad-faith holder. On September 5, 2022, the Court of First Instance accepted the principal claim, convicting to the principal defendant to pay ThU.S.$ 70,000 (equivalent to ThU.S.$ 82 as of December 31, 2022) with the adjustments and interests, along with litigation costs. Moreover, it rejected the counterclaim as a subsidiary action. The defendant and Forestal Arauco S.A. were notified of the first instance ruling on September 5, 2022 and January 24, 2023, respectively. None of the parties filed any remedies or appeals against the first instance ruling and therefore the case is now considered ended. 5. On May 11, 2020, Forestal Arauco S.A. was notified of a lawsuit of declaration of mere certainty filed against it by the company “Agrícola, Forestal, Transportes y Inversiones El Quillay SpA”, before the Court of Constitución (Case C-323-2020), in which the plaintiff claims that the property called “Predio que formaba parte de la Hijuela Sur Poniente, de la Hijuela Sur del Fundo Quivolgo” owned by Forestal Arauco S.A. would actually have an area of 498 hectares, and, consequently, that the defendant lacks the right of ownership over a portion of land corresponding to 1,768.20 hectares of said property. Based on the foregoing, the plaintiff requests the court to declare mere legal certainty regarding the foregoing and also to declare that said area is part of the property called “La Bodega de la Subdelegación de Quivolgo”, owned by the succession of Mr. José Arcos González in which it would have rights. On June 17, 2022, the procedure was declared abandoned. The plaintiff filed an appeal against such resolution, ruling was upheld in the Court of Appeals of Talca on August 24, 2022 (Rol N°1141-2022 part of the case N°1098-2020). On September 13, 2022, the Court of Constitución ordered compliance with the judgment issued. The case is now considered ended. Arauco Argentina S.A. Pursuant to law No. 25,080, the former Secretary of Agriculture, Livestock, Fishing and Foodstuffs, the enforcement agency referred to in the law approved, by Res. No. 952/2000, the forestry and industrial-forestry projects submitted by Arauco Argentina S.A. In the context of these projects, the Company afforested: 1) 4,777 hectares during 2000, in observance of its committed yearly plan; and 2) 23,012 hectares between 2000 and 2006 as a part of the multi-year afforestation plan. Likewise, a sawmill was built with installed capacity to produce 250,000 m3 of sawn timber per year. On January 11, 2001, Arauco Argentina S.A. submitted an expansion for the approved industrial-forestry project. The expansion was approved via Res. No. 84/03 issued by the former Secretary of Agriculture, Livestock, Fishing and Foodstuffs. In accordance with the assumed obligations, the Company built a MDF board (panels) plant and afforested 8,089 hectares between 2001 and 2006. Additionally, the Company has filed yearly forestry plans between years 2007 and 2020 for its local operations in the provinces of Misiones and Buenos Aires. On March 25, 2019, the Secretary of Agriculture, Livestock and Fishing approved the resolution No. 2019-55-APN-SECAGYP#MPYT, approving the annual forestry plan for 2007. In addition, said organism through the resolution No. 2019-114-APN-SECAGYP#MPYT approved the annual forestry plan for 2009 on June 12, 2019, and through the resolution No. 2019-228-APN-SECAGYP#MPYT approved the annual forestry plan for 2008 on November 29, 2019. For this reason, Arauco Argentina S.A. may compute the exemption in the income tax related to the forest appraisal on the plantations to be harvested from the lands included in those plans as from the 2019 period. In March 2005, Note No. 145/05 of the Subsecretary of Agriculture, Livestock and Afforestation suspended the benefit that exempted Arauco Argentina S.A. from paying export duties under Law No. 25.,080. This measure is currently under discussion by the Company. On November 8, 2006, the V Chamber of the National Appeals Court for Adversarial Administrative and Federal Matters issued a ruling ordering Arauco Argentina S.A. to continue to enjoy an exemption from paying the exportation duties, in the same manner and scope it had prior to the suspension ordered by Note No. 145/05, if the clearance of merchandise is performed pursuant to the guarantee regime established in article 453, subsection a) of the Customs Code, for the exempted tax obligation. The judicial measure became effective beginning on March of 2007 by collateralization through the granting of bond (caution) policies for each shipment permits exempted from payment of export duty. The company maintains an assignment of funds equivalent to ThU.S.$ 23,821 for guaranteed export duties between 2007-2015, which appears under long-term provisions. Additionally, the Company filed a restitution claim for a total amount of ThU.S.$ 6,555, plus interests accrued from the service of the claim, corresponding to export duties between March 2005 and March 2007, as a result of the application of Note 145/05 issued by the Undersecretary of Agriculture, Livestock and Afforestation. The Company’s claim is being heard under case file No. 21830/2006 before the Federal Contentious Administrative Court No. 4. On October 28, 2019, a judgment of first instance was issued in said case, rejecting the claim and imposing the litigation costs on Arauco. Against that judgment, the Company filed an appeal and expressed the corresponding arguments in December 2019. On June 15, 2022, the Chamber of Appeals confirmed the judgement of first instance. On July 1, 2022, Arauco Argentina filed the Federal Extraordinary Appeal before the Supreme Court of Justice. The Chamber admitted the appeal lodged by Arauco regarding the federal matter of the litigation; however, the grounds pertaining to arbitrariness were dismissed. Arauco filed a direct complaint before the Supreme Court, seeking for the higher court to broaden its examination of the case and also address such argument. This resolution of this petition is still pending. On the other hand, Arauco Argentina S.A. currently has a guarantee at an amount of $ 435,952,315 Argentine pesos (ThU.S.$ 2,461 as of December 31, 2022) in favor of the Secretary of Agriculture, Livestock and Fishing. Arauco Argentina S.A. believes that it has complied with all of the obligations imposed upon it by the system set forth under Law No. 25,080. Arauco do Brasil S.A. 1) The Federal Reserve of Brazil contested the amortization of goodwill resulting from acquisitions of Placas do Paraná, Tafibrás, Tafisa (now, Arauco do Brasil S.A.) y Dynea. On July 20, 2015, Arauco do Brasil was notified of the first-level administrative ruling which partially upheld the infringement. Against this ruling, a Voluntary Appeal was filed seeking to revoke the Infringement Notice before the Brazilian Administrative Tax Council (Conselho Administrativo de Recursos Fiscais de Brasil or “CARF”), which is the second administrative level. The CARF’s decision was issued on May 16, 2017 and took into consideration certain arguments presented by the Company regarding the premium but preserving other charges. On September 27, 2018, Arauco do Brasil was notified of the CARF’s decision, for which Arauco do Brasil S.A. filed an appeal for declaration embargoes, to elicit clarifications from the CARF regarding certain points of the decision. On January 25, 2019, the CARF ruled that there were no clarifications or omissions to be made and, consequently, granted a term for filing the last remedy within the administrative realm (“Special Remedy”). This Special Remedy was submitted before the Upper Chamber of Fiscal Remedies of the CARF (CSRF) on February 11, 2019, reiterating the Company’s defense allegations regarding the matters and charges that remained in such process. On August 28, 2020, the Company was served with an intermediate decision in Grievance of Instrument, issued by CARF that divided the claim into two parts , one of them remained in an administrative lawsuit and the other in a judicial lawsuit: I – Party that remained in administrative lawsuit estimated amount R$ 34,505,176 (equivalent to ThU.S.$ 6,792 as of March 31, 2023), awaiting the decision of the special appeal presented by Arauco to the CSRF. In this case, on March 27, 2023, the Government's Tax Litigation Reduction Program was adhered by Arauco, allowing a 65% reduction of the total amount of the debt, that is, making only the payment of 35% of the debt and still in two forms: (a) 30% cash payment R$ 3,674,892 (equivalent to ThU.S.$ 723.35 as of March 31, 2023), and (b) 70% payment through compensation with Tax Losses R$ 8,574,747 (equivalent to ThU.S.$ 1,687.81). In addition to the 65% savings, that lawsuit will also be closed. The closing decision is awaited. II – Party that remained in legal lawsuit estimated amount updated with the latest decision R$ 42,167,507 (equivalent to ThU.S.$ 8,300.04 as of March 31, 2023). Arauco filed the Tax Debt Cancellation Action with guarantee to suspend any collection and obtain the Tax Compliance Certificates until the final decision of the trial. On March 9, 2023, we had a first instance decision that was partially favorable to Arauco, and reducing the debt by R$ 26,554,677 equivalent to Th U . S .$ 5,226.89). However, in that lawsuit, remained under discussion, with an estimated amount of R$ 15,612,831 equivalent to Th U . S .$ 3,073.15 Considering that the Company’s position is based on solid legal grounds, there is a reasonable margin for obtaining a favorable result for the Company and therefore, as of December 31, 2022, Arauco has not made any provision whatsoever in connection with this contingency. 2) In 2013, a service provider instituted a civil lawsuit against us seeking compensation for damages allegedly caused by Arauco’s unilateral termination of its contract in connection with the implementation of the MDF 2 line of the Jaguariaiva mill. On November 01, 2021, the Civil Court of Curitiba issued its ruling, ordering Arauco to pay to the service provider an amount of ThR$ 84,000 (ThU.S.$ 15,895 as of December 31, 2022) in consideration of the alleged damages borne by the service provider during the course of the services contracts and as a result of its early termination by Arauco. Arauco appealed to the Court of Justice of the Paraná State and has just been judged, on April 6, 2023, acknowledging the Arauco allegations of procedural irregularities, and declaring null and void the previous decision. This decision of the Court of Justice of the Paraná State is subject to appeals, but if it stands (which we deem likely) the process should return to the first instance, to continue the production of evidence to support a new judgment on the merits of the claim. Arauco Industria de México, S.A. de C.V. (before Maderas y Sintéticos de México, S.A. de C.V. On December 12, 2022, the Tax Administration Service issued tax credit assessment resolution number 900-04-04-00-00-00-2022-978 corresponding to the 2014 tax year. Under such assessment, objections against the following items were filed: (i) the deduction of interest in the historical amount of 85,172,274 Mexican pesos (ThU.S.$ 4,369 as of December 31, 2022), from loans granted by Masisa S.A. (Chile); (ii) the tax loss in the total amount of 275,986,671 Mexican pesos (ThU.S.$ 14,156 as of December 31, 2022); (iii) the deduction of payments made to Masisa S.A. for logistics services in the total amount of 3,058,221 Mexican pesos (ThU.S.$ 157 as of December 31, 2022); (iv) the alleged generation of non-distributed dividends related to the payments indicated in items (i) and (iii) above; (v) the rejection of contributions to the Single Contribution Account in amounts expressed in Mexican pesos of $ 342,372,000 (ThU.S. $ 18,000 as of December 31, 2022), $ 66,250,020 (ThU.S.$ 3,398 as of December 31, 2022), $ 46,389,980 (ThU.S.$ 2,379 as of December 31, 2022) and $ 11,457,000 (ThU.S.$ 588 as of December 31, 2022), respectively; and (vi) an alleged incorrect application of the double taxation avoidance treaty between Mexico and Chile. The total amount of omitted tax, updates, surcharges, and fines assessed to the company amounts to 416,908,418 Mexican pesos (ThU.S.$ 21,384 as of December 31, 2022). On February 13, 2023, a motion to revoke was filed against the above assessment, before the General Legal Administration of the Tax Administration Service. Currently, the additional evidence is submited, subsequently, is pending for to Taking into account that the Company's position is supported by solid legal arguments, there is a reasonable margin to obtain a favorable outcome for the Company and therefore, as of December 31, 2022, Arauco has not yet made any provision for this contingency. At the closing date, there are no other contingencies in which the Companies act as obligor, that may significantly affect their financial, economic or operational conditions. Provisions recorded as of December 31, 2022 and 2021 are as follows: 12-31-2022 12-31-2021 Classes of Provisions ThU.S.$ ThU.S.$ Short-term provisions 9,513 337 Provisions for litigations 639 337 Other short-term provisions 8,874 - Long-term provisions, non-Current 40,706 29,549 Provisions for litigations 39,029 29,549 Other long-term provisions 1,677 - Total provisions 50,219 29,886 12-31- 2022 Litigations (*) Other Total Movements in provisions ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 29,886 - 29,886 Changes in provisions Additional provisions 24,582 8,875 33,457 Used provisions (13,652 ) - (13,652 ) Increase (decrease) in foreign exchange (1,144 ) - (1,144 ) Other increases (decreases) (4 ) 1,676 1,672 Total changes 9,782 10,551 20,333 Closing balance 39,668 10,551 50,219 (*) The increase in litigations is mainly made up of ThU.S.$ 24,533 (subsidiaries in Brazil) for civil and labor lawsuits. (**) The increase in Other Provisions corresponds to the dismantling L1. 12-31-2021 Litigations (*) Other provisions Total Movements in provisions ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 30,836 - 30,836 Changes in provisions Additional provisions 8,592 - 8,592 Used provisions (5,349 ) - (5,349 ) Increase (decrease) in foreign currency exchange (4,505 ) - (4,505 ) Other Increases (Decreases) 312 - 312 Total Changes (950 ) - (950 ) Closing balance 29,886 - 29,886 (*) The increase in litigations is mainly made up of ThU.S.$ 8,543 (subsidiaries in Brazil) for civil and labor lawsuits. 12-31-2020 Litigations (*) Other provisions Total Movements in provisions ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 33,011 11 33,024 Changes in provisions Additional provisions 3,257 - 3,257 Used provisions (2,832 ) - (2,832 ) Increase (decrease) in foreign currency exchange (2,240 ) - (2,240 ) Other Increases (Decreases) (362 ) (11 (373 ) Total Changes (2,177 ) (11 (2,188 ) Closing balance 30,836 - 30,836 (*) The increase in legal claims is comprised mainly by ThU.S.$ 3,045 and ThU.S.$ 212 (Brazilian and Argentine subsidiaries respectively) in connection with civil and labor lawsuits. Provisions for litigations are related to labor and tax claims whose payment period is uncertain. Other provisions mainly include constitution of provision for the lawsuit of export duties (see Arauco Argentina's contingent liability set forth in this note). |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Intangibles Assets [Abstract] | |
Disclosure of intangible assets [text block] | N 12-31-2022 12-31-2021 Classes of intangible assets, net ThU.S.$ ThU.S.$ Intangible assets, net 73,439 84,210 Intangible assets under development (IT programs) 5,076 4,881 Computer software 22,323 27,268 Water rights 5,185 5,684 Customer relationship 24,015 29,218 Other identifiable intangible assets 16,840 17,159 Classes of intangible assets, gross 226,642 223,654 Intangible assets under development (IT programs) 5,076 4,881 Computer software 119,353 114,602 Water rights 5,185 5,684 Customer relationship 74,860 75,726 Other identifiable intangible assets 22,168 22,761 Classes of accumulated amortization and impairment Total accumulated amortization and impairment (153,203 ) (139,444 ) Accumulated amortization and impairment, intangible assets (153,203 ) (139,444 ) Computer software (97,030 ) (87,334 ) Customer relationship (50,845 ) (46,508 ) Other identifiable intangible assets (5,328 ) (5,602 ) Reconciliation of the carrying amount of intangible assets at the beginning and end of each reporting period balances 12-31-2022 Intangible Computer Water Customer Others Total Reconciliation of intangible assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 4,881 27,268 5,684 29,218 17,159 84,210 Changes Additions 1,696 3,758 2,134 - 140 7,728 Disposals (853 ) - (2,633 ) - (108 ) (3,594 ) Amortization - (9,398 ) - (4,969 ) (375 ) (14,742 ) Increase (decrease) in foreign exchange - 120 - (234 ) 24 (90 ) Other increases (decreases) (648 ) 575 - - - (73 ) Changes total 195 (4,945 ) (499 ) (5,203 ) (319 ) (10,771 ) Closing balance 5,076 22,323 5,185 24,015 16,840 73,439 12-31-2021 Intangible Computer Water Customer Others Total Reconciliation of intangible assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 2,665 31,877 5,684 35,092 26,772 102,090 Changes Additions 2,929 3,265 - - 557 6,751 Disposals (1,121 ) (647 ) - - - (1,768 ) Amortization - (12,284 ) - (5,940 ) (263 ) (18,487 ) Increase (decrease) in foreign exchange - 451 - 65 (16 ) 500 Other increases (decreases) 408 4,606 - 1 (9,891 ) (4,876 ) Changes total 2,216 (4,609 ) - (5,874 ) (9,613 ) (17,880 ) Closing balance 4,881 27,268 5,684 29,218 17,159 84,210 Years of useful life Computer software 5 Customer relationship 15 Brands 7 |
BIOLOGICAL ASSETS
BIOLOGICAL ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Biological Assets [Abstract] | |
Disclosure of biological assets, agriculture produce at point of harvest and government grants related to biological assets [text block] | N Biological assets comprise forestry plantations, mainly radiata and taeda pine, and to a lesser extent eucalyptus. The plantations are located in Chile, Argentina, Brazil and Uruguay. As of December 31, 2022 Arauco has a total surface of 1.66 million hectares of which 951 thousand hectares are used for forestry planting, 491 thousand hectares are native forest, 110 thousand hectares are used for other purposes and 103 thousand hectares not yet planted. Lands corresponding to native forest, lands used for other purposes and lands not yet planted are presented in property, plant & equipment, Forest plantations are presented in Biological Assets. For the period ended December 31, 2022, the production volume of logs totaled 21 million m3 (20.9 million m3 as of December 31, 2021). Measurements of fair value of Arauco’s biological assets are classified as Level 3, due to the fact that inputs are not observable. However, this information reflects the assumptions that market participants would use in pricing the asset, including assumptions about risk. These unobservable inputs were developed using the best information available and includes internal data from Arauco. These unobservable inputs can be adjusted if the available information indicates that other market participants would use different information or there is something specific in Arauco that is not available to other market participants. The main considerations in determining the fair value of biological assets include the following: - Arauco uses discounted expected future cash flows of its forest plantations, which are based on a harvest projection date for all existing plantations. - Current forestry plantations are projected based on a net volume that will not decrease, with a minimum growth equivalent to the current supply demand. - Future plantations are not considered. - The harvest of forestry plantations supplies raw materials for all other products that Arauco produces and trades. By directly controlling the development of forests that will be processed, Arauco ensures high quality timber for each of its products. - Expected cash flows are determined in terms of harvest and expected sale of forestry products, associated with the demand from the Company’s own industrial centers and sales to third parties at market prices. Sales margin of the different products that are harvested in the forest is also considered in the valuation. The changes in the value of the plantations pursuant to the criteria defined above are accounted for in the results for the period, as established in IAS 41. These changes are presented in the consolidated statements of profit or loss under the line item other income per function, which as of December 31, 2022 amounted to ThU.S.$ 12,932 (ThU.S.$ 81,986 as of December 31, 2021). The appraisal of biological assets resulted in a greater cost of the lumber sold in comparison to the real incurred cost, which is presented included in the cost of sales which as of December 31, 2022 amounted to ThU.S.$ 309,670 (ThU.S.$ 223,589 as of December 31, 2021). - Forestry plantations are harvested according to the needs of Arauco’s production plants. - The discount rates used are 7.0% in Chile, 8.3% Brazil, 21% in Argentina and 9% in Uruguay. - It is expected that prices of harvested timber are constant in real terms based on market prices. - Cost expectations with respect to the lifetime of the forests are constant based on estimated costs included in the projections made by Arauco. - The average crop age by species and country is: Chile Argentina Brazil Uruguay Pine 24 15 15 - Eucalyptus 12 10 7 10 The following table sets forth changes in fair value of biological assets considering variations in significant assumptions considered in calculating the fair value of the assets: ThU.S.$ Discount rate 0.5 (110,015 ) -0.5 116,828 Margins (%) 10 434,191 -10 (434,191 ) The significant unobservable input data used in the measurement of the fair value of biological assets are discount rates and sales margins of the different products that are harvested from the forest. Increases (decreases) in any of these input data considered in isolation would result in a smaller or greater fair value measurement. The adjustment to fair value of biological assets minus sale costs is recorded in the consolidated statements of profit or loss, under the line item other income or other expenses, depending on whether it corresponds to profits or losses. Forestry plantations classified as current biological assets are those to be harvested and sold within twelve months after the reporting period. The Company has contracted fire insurance policies for its forestry plantations, which in conjunction with the Company’s resources, allow risks to be minimized. As of the date of these consolidated financial statements, there are no committed disbursements for the acquisition of biological assets. Detail of Biological Assets Pledged as Security As of December 31, 2022, there are no forestry plantations pledged as security. Detail of Biological Assets with Restricted Ownership As of the date of these consolidated financial statements, there are no biological assets with restricted ownership. No significant government grants have been received. Current and Non-Current Biological Assets As of the date of these consolidated financial statements, the current and non-current biological assets are as follows: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Current 330,435 329,586 Non-current 2,864,935 3,008,897 Total 3,195,370 3,338,483 Reconciliation of carrying amount of biological assets 12-31-2022 Current Non-current Total Movement ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 329,586 3,008,897 3,338,483 Changes in real incurred cost 18,600 156,351 174,951 Additions through acquisition 35 293,231 293,266 Sales (428 ) (9,512 ) (9,940 ) Harvest (115,373 ) - (115,373 ) Increases (decreases) in foreign exchange (2,077 ) 14,680 12,603 Loss of forest due to fires - (13,346 ) (13,346 ) Transfers to non-current assets held for sale - 4,938 4,938 Transfers from non-current to current 133,640 (133,640 ) - Other increases (decreases) 2,803 - 2,803 Changes in fair value (17,751 ) (300,313 ) (318,064 ) Gain (losses) arising from changes in fair value minus sale costs 2,345 10,587 12,932 Sales 106 (13,306 ) (13,200 ) Harvest (320,810 ) - (320,810 ) Loss of forest due to fires - (3,781 ) (3,781 ) Transfers to non-current assets held for sale - 5,220 5,220 Transfers from non-current to current 299,498 (299,498 ) - Other increases (decreases) 1,110 465 1,575 Total changes 849 (143,962 ) (143,113 ) Closing balance 330,435 2,864,935 3,195,370 12-31-2021 Current Non-current Total Movement ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 302,710 3,296,117 3,598,827 Changes in real incurred cost 656 (64,314 ) (63,658 ) Additions through acquisition 78 191,316 191,394 Sales (105 ) (72,963 ) (73,068 ) Harvest (114,157 ) - (114,157 ) Increases (decreases) in foreign exchange (3,884 ) (18,246 ) (22,130 ) Loss of forest due to fires (3,398 ) (13,455 ) (16,853 ) Transfers to non-current assets held for sale - (5,770 ) (5,770 ) Transfers from non-current to current 125,219 (125,219 ) - Decrease due to loss of control in subsidiary (3,097 ) (19,977 ) (23,074 ) Changes in fair value 26,220 (222,906 ) (196,686 ) Gain (losses) arising from changes in fair value minus sale costs - 81,986 81,986 Sales - (20,297 ) (20,297 ) Harvest (223,712 ) - (223,712 ) Loss of forest due to fires (1,164 ) (19,898 ) (21,062 ) Transfers to non-current assets held for sale - (5,232 ) (5,232 ) Transfers from non-current to current 252,860 (252,860 ) - Decrease due to loss of control in subsidiary (1,764 ) (6,605 ) (8,369 ) Total changes 26,876 (287,220 ) (260,344 ) Closing balance 329,586 3,008,897 3,338,483 |
ENVIRONMENTAL MATTERS
ENVIRONMENTAL MATTERS | 12 Months Ended |
Dec. 31, 2022 | |
Environmental Matters [Abstract] | |
DisclosureForEnvironmentRelatedExpenseExplanatory [Text Block] | N Environment Management For Arauco, sustainability means management strategy. This strategy incorporates values, commitments and standards, that together with the adoption of best practices as well as the use of the latest available technologies, seek to continuously improve the Company’s environmental management. It is the environmental department and each of its specialists that ensure these guidelines are met and are put into practice in everyday company operations. All Arauco’s production units have certified environmental management systems, which reinforce the Company’s commitment to environmental performance and ensure the traceability of all raw materials used. Arauco uses several supplies in its productive processes such as wood, chemical products, and water, etc., which in turn produce liquid and gas emissions. As a way to make the Company’s environmental management more efficient, significant progress has been made to reduce consumption and emissions. Environmental investments have been made related to the control of atmospheric emissions, process improvements, water and waste management, as well as effluent treatment, in order to improve the environmental performance of all Arauco’s business units. These investments are reflected in the consolidated financial statements as property, plant and equipment when they refer to disbursements in major works executed and are reflected in Expenses when they refer to improvements or management not directly associated with investment projects. Detail information of disbursements related to the environment As of December 31, 2022 and 2021 Arauco has made and / or has committed the following disbursements in major environmental projects: 12-31-2022 Disbursements undertaken 2022 Committed Disbursements State Amount Asset Asset/expense Amount Estimated Company Name of project of project ThU.S.$ Expense destination item ThU.S.$ date Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 6,898 Assets Property, plant and equipment 2,029 2023 Celulosa Arauco y Constitucion S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 1,540 Assets Property, plant and equipment 10,677 2023 Celulosa Arauco y Constitucion S.A. Investment projects for the control and management of gas emissions from industrial process In process 167 Assets Property, plant and equipment 687 2023 Celulosa Arauco y Constitucion S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 68 Assets Property, plant and equipment 632 2023 Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 12,506 Expense Operating cost - 2023 Celulosa Arauco y Constitucion S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 13,556 Expense Operating cost - 2023 Arauco Argentina S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 119 Assets Property, plant and equipment 169 2023 Arauco Argentina S.A. Expansion of solid industrial waste dumpsite for management of these in the future Finished 427 Assets Property, plant and equipment - 2022 Arauco Florestal Arapoti S.A. Environmental improvement studies Finished 724 Assets Property, plant and equipment - 2022 Arauco Industria de Paineis S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 4,102 Assets Property, plant and equipment 8 2023 Arauco Industria de Paineis S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 366 Assets Property, plant and equipment - 2022 Forestal Arauco S.A. Environmental improvement studies In process 1,648 Expense Operating cost 124 2023 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 47 Assets Property, plant and equipment 295 2023 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 687 Expense Operating cost - 2022 Arauco North America, Inc Investment projects for the control and management of gas emissions from industrial process In process 684 Assets Property, plant and equipment 1,651 2023 Arauco North America, Inc Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 1,369 Assets Property, plant and equipment 454 2023 TOTAL 44,908 16,726 Disbursements undertaken 2021 Committed disbursements 12-31-2021 State Amount Asset Asset/expense Amount Estimated Company Name of project of project ThU.S.$ expense destination item ThU.S.$ date Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 19,802 Assets Property, plant and equipment 14,049 2022 Celulosa Arauco y Constitucion S.A. Environmental improvement studies Finished 248 Assets Property, plant and equipment 14 2022 Celulosa Arauco y Constitucion S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 410 Assets Property, plant and equipment 5,244 2022 Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 11,860 Expenses Operating costs - 2022 Celulosa Arauco y Constitucion S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 10,367 Expenses Operating costs - 2022 Arauco Argentina S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 1,856 Assets Property, plant and equipment 590 2022 Arauco Argentina S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 921 Assets Property, plant and equipment 581 2022 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 585 Expenses Operating costs - 2022 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 423 Assets Property, plant and equipment 66 2022 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 618 Assets Property, plant and equipment 6 2022 Forestal Arauco S.A. Environmental improvement studies In process 1,280 Expenses Administration expenses 504 2022 Celulosa y Energía Punta Pereira S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 948 Assets Property, plant and equipment - - Arauco North America, Inc Environmental improvement studies Finished 222 Assets Property, plant and equipment - - Arauco North America, Inc Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 205 Assets Property, plant and equipment - - Arauco North America, Inc Investment projects for the control and management of gas emissions from industrial process Finished 997 Assets Property, plant and equipment - - TOTAL 50,742 21,054 |
NON-CURRENT ASSETS HELD FOR SAL
NON-CURRENT ASSETS HELD FOR SALE | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Noncurrent Assets Held For Sale [Abstract] | |
Disclosure of non-current assets or disposal groups classified as held for sale [text block] | N Arauco carried out a process for the sale of forestry land (80,489 hectares). The forestry land was sold to BTG Pactual Timberland Investment Group LLC, and also comprising British Columbia Investment Management Corporation and APG Asset Management N.V. (the “Consorcio”). For the year ended December 31, 2022, a profit of ThU.S.$ 19,670 (ThU.S.$ 229,866 for the year ended December 31, 2021) was generated from the sale of the aforementioned assets. This profit was presented under Other Income in the consolidated statements of profit or loss. The following table sets forth information on the main types of non-current assets held for sale: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Land 307 2,306 Buildings - 307 Forest 844 11,002 Roads 128 543 Total 1,279 14,158 |
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Financials Instruments [Abstract] | |
Disclosure of financial instruments [text block] | N 23.1 Classification Arauco's financial instruments as of December 31, 2022 and 2021, are displayed in the table below. Regarding those instruments valued at an amortized cost, an estimation of their fair value is displayed for informational purposes. Financial instruments 12-31-2022 12-31-2021 Thousands of dollars Carrying Fair value Carrying Fair value Financial assets at fair value through profit or loss (held for trading) 110,208 110,208 230,068 230,068 Derivative (1) 144 144 - - Mutual funds (1) 110,064 110,064 230,068 230,068 Financial assets at amortized cost 1,476,046 1,476,046 1,783,643 1,783,643 Cash and cash equivalents (amortized cost) 557,143 557,143 781,032 781,032 Cash 298,577 298,577 529,076 529,076 Time deposits 258,566 258,566 251,956 251,956 Accounts receivable (net) 910,682 910,682 994,261 994,261 Trade receivables 731,685 731,685 826,784 826,784 Lease receivable 28,935 28,935 27 27 Sundry debtors 8,911 8,911 32,542 32,542 Other receivables 56,973 56,973 48,531 48,531 Prepayments 84,178 84,178 86,377 86,377 Accounts receivable from related parties 2,850 2,850 5,559 5,559 Other financial assets (2) 5,371 5,371 2,791 2,791 Hedging assets 73,156 73,156 13,599 13,599 Financial liabilities at amortized cost (3) 6,572,325 6,331,528 6,324,599 6,121,418 Bonds issued denominated in U.S. dollars 3,397,376 3,136,318 3,392,010 3,161,062 Bonds issued denominated in U.F. (4) 1,116,083 1,167,251 1,034,023 1,024,721 Bank borrowings in U.S. dollars 415,462 408,278 454,652 463,308 Bank borrowings in other currencies 525,215 501,492 537,304 565,717 Lease liabilities 264,224 264,224 163,304 163,304 Trade and other payables 832,954 832,954 740,729 740,729 Accounts payable to related parties 21,011 21,011 2,577 2,577 Financial liabilities at fair value through profit or loss 17 17 133 133 Hedging liabilities 76,669 76,669 296,183 296,183 (1) Although mutual funds are measured at fair value through profit or loss for purposes of the consolidated statements of financial position mutual funds are classified as “Cash and cash equivalents” due to the are highly liquid short-term investment. (2) Corresponds to the balance of assets from margin call for current derivatives (collateral). (3) Financial liabilities measured at amortized cost, other than “Trade and other payables”, “Accounts payable to related parties” and derivatives are presented in the consolidated statements of financial position in the line item “Other financial liabilities” as current and non-current based on their maturity. (4) The Unidad de Fomento (“U.F.”) is a unit of account that is linked to, and is adjusted daily to reflect changes in the Chilean consumer price index. 23.2 Fair Value Hierarchy of Financial Assets and Liabilities The assets and liabilities measured at fair value in the consolidated statements of financial position as of December 31, 2022 and 2021, have been measured based on the valuation methodologies provided in IFRS 13. The methodologies applied for each financial instrument are classified according to their hierarchy as follows: - Level 1: Securities or quoted prices in active markets for identical assets and liabilities - Level 2: Inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and - Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). Fair value 12-31-2022 Level 1 Level 2 Level 3 ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Financial assets at fair value through profit or loss (held for trading) Derivatives 144 - 144 - Mutual Funds 110,064 110,064 - - Hedging assets 73,156 - 73,156 - Financial liabilities at fair value through profit or loss 17 - 17 - Hedging liabilities 76,669 - 76,669 - Fair value 12-31-2021 Level 1 Level 2 Level 3 ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Financial assets at fair value through profit or loss (held for trading) Mutual Funds 230,068 230,068 - - Hedging assets 13,599 - 13,599 - Financial liabilities at fair value through profit or loss 133 - 133 - Hedging liabilities 296,183 - 296,183 - At the closing date of these consolidated financial statements, there have been no transfers between the different hierarchy levels. 23.3 Explanation of the valuation of Financial Instruments. Cash and cash equivalent and accounts receivable The carrying amount of accounts receivable, cash and cash equivalents (including mutual funds), and other financial assets and liabilities approximate their fair value due to the short-term nature of such instruments. Derivative financial instruments Arauco's current derivatives are valued under the cash flow discount method. These flows are discounted at the rate applicable according to the transaction’s and counterparties’ risk, using an internal methodology based on the information obtained from Bloomberg. Given that our cross-currency swaps correspond to future flows in UF, U.S. dollars and Euros, Arauco calculates the current value of such flows by using the UF zero coupon curve, dollar zero coupon and the Euro zero coupon. The fair value of the interest rate swap contracts is calculated by reference to the rate differential between the agreed upon rate and the market rate as of the end date of these financial statements. The fair value of the currency forward contracts is calculated by reference to the current forward exchange rates of contracts with similar maturity profiles. The fair value of zero cost collar contracts is calculated by reference to the price differential between the agreed price range and the market price of the hedge’s object. The counterparty risk uses the Z-Spread obtained from the curve of the bonds issued by counterparties, and they are deducted from each flow as appropriate. Financial Liabilities The fair value of bonds issued was determined with reference to quoted market prices as they have standard terms and conditions. The fair value of bank borrowings was determined based on discounted cash flow analysis applying the corresponding discount yield curves to the remaining term to maturity. Disclosures of the fair value of financial liabilities at amortized cost are determined via the use of discounted cash flows, calculated over variables of the observable markets as of the date of informing the consolidated financial statements, and correspond to Level 2 of the fair value hierarchy. The following table sets forth a reconciliation between the financial liabilities and the consolidated statements of financial position as of December 31, 2022 and 2021: 12-31-2022 Thousands of dollars Up to 90 From 91 Other From 1 From 3 More than Other Total Bonds obligations 29,114 66,436 95,550 585,518 782,344 3,050,047 4,417,909 4,513,459 Bank borrowings 109,889 167,905 277,794 368,353 164,873 129,657 662,883 940,677 Swap and Forward 2,107 - 2,107 74,579 - - 74,579 76,686 Total other financial liabilities (a) 141,110 234,341 375,451 1,028,450 947,217 3,179,704 5,155,371 5,530,822 12-31-2022 Thousands of dollars Up to 90 From 91 Total From 1 year From 3 More than Total non- Total Lease liabilities 11,339 25,445 36,784 45,904 38,906 142,630 227,440 264,224 Total lease liabilities (b) 11,339 25,445 36,784 45,904 38,906 142,630 227,440 264,224 12-31-2022 Thousands of dollars Up to 90 From 91 Total From 1 From 3 More than Total non- Total Trade and other payables 795,533 17,305 812,838 2,462 - 17,654 20,116 832,954 Accounts payable to related companies 14,280 - 14,280 3,283 - 3,448 6,731 21,011 Total accounts payable (c) 809,813 17,305 827,118 5,745 - 21,102 26,847 853,965 Total financial liabilities (a) + (b) + (c) 962,262 277,091 1,239,353 1,080,099 986,123 3,343,436 5,409,658 6,649,011 12-31-2021 Thousands of dollars Up to 90 From 91 Other From 1 year From 3 More than Other non- Total Bonds obligations 29,114 61,257 90,371 574,850 257,362 3,503,450 4,335,662 4,426,033 Bank borrowings 29,658 219,177 248,835 227,008 325,244 190,869 743,121 991,956 Swap and Forward 235 - 235 296,081 - - 296,081 296,316 Total other financial liabilities (a) 59,007 280,434 339,441 1,097,939 582,606 3,694,319 5,374,864 5,714,305 12-31-2021 Thousands of dollars Up to 90 From 91 Total From 1 From 3 More than Total non- Total Lease liabilities 13,204 36,399 49,603 44,459 26,083 43,159 113,701 163,304 Total lease liabilities (b) 13,204 36,399 49,603 44,459 26,083 43,159 113,701 163,304 12-31-2021 Thousands of dollars Up to 90 From 91 Total From 1 year From 3 More than Total non- Total Trade and other payables 729,082 9,375 738,457 2,272 - - 2,272 740,729 Accounts payable to related companies 2,577 - 2,577 - - - - 2,577 Total accounts payable (c) 731,659 9,375 741,034 2,272 - - 2,272 743,306 Total financial liabilities (a) + (b) + (c) 803,870 326,208 1,130,078 1,144,670 608,689 3,737,478 5,490,837 6,620,915 23.4 Derivative Instruments Hedging instruments recorded as of December 31, 2022 are cash flow hedges. Arauco uses derivatives for hedging purposes, such as cross currency swaps, currency and commodity forwards, interest rate swaps, and options. Depending on the fair value of each instrument, the position could be either an asset or a liability, and they are listed in the consolidated statements of financial position under other non-current financial assets or other non-current financial liabilities, respectively. The effects for the period are presented in consolidated statement of changes in equity as other comprehensive income or the statements of comprehensive income as finance income or finance costs, net of differences in exchange rate of the hedged items and the deferred tax. A summary of the derivative financial instruments included in the consolidated statements of financial position as of December 31, 2022 and 2021, is presented below: Financial instruments 12-31-2022 Fair value ThU.S.$ 12-31-2021 Fair value ThU.S.$ Financial assets at fair value through profit or loss 144 - Derivatives (1) 144 - Hedging assets 73,156 13,599 Derivatives (1) 17,629 13,599 Cross c s 55,527 - Financial liabilities at fair value through profit or loss (17 ) (133 ) Forward (17 ) (133 ) Hedging liabilities (76,669 ) (296,183 ) Derivatives (1) (650 ) (401 ) Cross currency swaps (2) (76,019 ) (295,782 ) (1) Includes HFO Swap, Zero Cost Collar, Forward and IRS from Chile, USA, Argentina and Uruguay tables. (2) Includes Cross Currency Swaps from Chile. 23.4.1. Chile In order to cover the exposure to variation in cash flows associated with fluctuations in exchange rates, interest rates or commodity prices, Arauco Chile has the following derivatives as of December 31, 2022 and 2021: Cross Currency Swaps Cross currency swaps to cover the exposure to the exchange rate risk generated from bonds denominated in U.F. 12-31-2022 12-31-2021 Bond Institution Amount U.S.$ Amount U.F. Starting date Ending date fair value fair value ThU.S.$ F Scotiabank - Chile 24,453,184 636,364 10-30-14 4-30-23 1,625 (2,141 ) F Scotiabank - Chile 24,422,642 636,364 10-30-14 4-30-23 1,673 (2,048 ) F BCI - Chile 24,500,016 636,364 10-30-21 10-30-29 2,692 (3,239 ) F BCI - Chile 23,940,993 636,364 10-30-14 4-30-23 2,154 (1,380 ) F Scotiabank - Chile 24,529,437 636,364 10-30-21 10-30-29 3,212 (2,450 ) F Santander - Chile 24,167,222 636,364 10-30-14 4-30-23 1,905 (1,550 ) F Banco de Chile - Chile 24,167,223 636,364 4-30-19 10-30-29 2,104 (4,203 ) P BCI – Chile 35,000,024 909,091 11-15-21 11-15-32 4,709 (5,077 ) P BCI – Chile 34,997,071 909,091 11-15-21 11-15-32 5,695 (3,749 ) P Scotiabank - Chile 38,557,134 909,091 11-15-13 11-15-23 (1,025 ) (7,085 ) P Santander - Chile 37,957,011 909,091 11-15-13 11-15-23 (448 ) (6,053 ) P Deutsche – U.K. 37,957,011 909,091 11-15-13 11-15-23 (401 ) (6,304 ) R Santander - Chile 128,611,183 3,000,000 10-01-14 4-01-24 (5,117 ) (24,743 ) R JP Morgan – U.K. 43,185,224 1,000,000 10-01-14 4-01-24 (1,725 ) (8,509 ) R Itau - Chile 43,277,070 1,000,000 10-01-14 4-01-24 (1,835 ) (8,543 ) S Santander - Chile 201,340,031 5,000,000 11-15-16 11-15-26 10,004 (36,758 ) W Goldman Sachs – N.A. 40,521,750 1,000,000 10-10-18 10-10-28 (167 ) (11,921 ) W Goldman Sachs – N.A. 40,066,555 1,000,000 10-10-18 10-10-28 369 (11,275 ) W Scotiabank - Chile 40,537,926 1,000,000 10-10-18 10-10-28 (148 ) (11,807 ) X Santander - Chile 118,400,504 3,000,000 10-10-18 10-10-38 10,457 (50,527 ) X Santander - Chile 97,971,786 2,500,000 10-10-18 10-10-38 8,928 (41,802 ) 44,661 (251,164 ) Cross currency swaps contracts to cover the exposure to the risk of the exchange rate for bank contracts in Euro. 12-31-2022 12-31-2021 Institution Amount U.S.$ Amount EUR Starting date Ending date fair value ThU.S.$ fair value ThU.S.$ Santander - Chile 97,728,235 82,352,941 6-15-21 12-15-29 (13,279 ) (8,476 ) Banco de Chile - Chile 48,864,118 41,176,471 6-15-21 12-15-29 (6,491 ) (4,484 ) MUFG - N.A. 97,728,235 82,352,941 6-15-21 12-15-29 (12,898 ) (9,000 ) JP Morgan - N.A. 195,456,471 164,705,882 6-15-21 12-15-29 (26,033 ) (18,154 ) HSBC - N.A. 48,864,118 41,176,471 6-15-21 12-15-29 (6,452 ) (4,504 ) (65,153 ) (44,618 ) Zero Cost Collars Zero cost collar to cover the exposure to the Oil Brent. 12-31-2022 12-31-2021 Commodity Institution Volume Unit Starting date Ending date fair value ThU.S.$ fair value ThU.S.$ Brent BNP Paribas – E.U. 220,000 bbl 8-01-21 7-31-22 - 3,737 Brent Goldman Sachs - N.A. 220,000 bbl 8-01-21 7-31-22 - 3,798 - 7,535 23.4.2. Uruguay Forward As of December 31, 2022 and 2021, Arauco through its subsidiaries as a joint operation (50%) in Uruguay maintains the following forward contracts in force and effect for the purposes of ensuring an exchange rate for sale of dollars: Exchange rate Institution 12-31-2022 notional ThU.S.$ 12-31-2022 fair value ThU.S.$ 12-31-2021 notional ThU.S.$ 12-31-2021 fair value ThU.S.$ UYUUSD Santander - Uruguay - - 1,765 19 UYUUSD HSBC - Uruguay 13,735 1,138 6,510 106 UYUUSD Itaú - Uruguay 8,480 451 9,892 258 UYUUSD Itaú - Uruguay - - - (91 ) UYUUSD Banco de la República Oriental de Uruguay 3,805 166 - - EURUSD Itaú - Uruguay 859 33 - - EURUSD Santander - Uruguay 2,416 3 - - EURUSD Santander - Uruguay - (1 ) - - 1,790 292 Commodity Swap Arauco Uruguay's profits and through its subsidiaries as a joint operation (50%), also face exposure to the price variation of certain fuels, as occurs with Fuel Oil N°6, which is used during the pulp manufacturing process. In order to minimize this risk, the volatility of future flows associated to the purchase of Fuel Oil No. 6 through forwards of this commodity. The agreements that are in force and effect as of December 31, 2022 and 2021, are detailed below: Commodity Institution 12-31-2022 notional ThU.S.$ 12-31-2022 fair value ThU.S.$ 12-31-2021 notional ThU.S.$ 12-31-2021 fair value ThU.S.$ Fuel Oil N°6 JP Morgan - N.A. 7,367 677 8,491 1,963 Fuel Oil N°6 DNB Bank ASA 7,366 62 3,149 978 Fuel Oil N°6 JP Morgan - N.A. - (252 ) - (77 ) Fuel Oil N°6 DNB Bank ASA - (397 ) - (57 ) 90 2,807 Interest Rate Swap In addition, Arauco through its subsidiaries as a joint operation (50%) in Uruguay maintains an Interest Rate Swap in force and effect, a derivative instrument which purpose is to set the interest rate of a variable rate debt in the same currency (USD). The valuation off this instrument as of December 31, 2022 and 2021 is shown below: Exchange rate Institution Notional ThU.S.$ 12-31-2022 fair value ThU.S.$ 12-31-2021 fair value ThU.S.$ USD DNB Bank ASA 8,440 110 (176 ) 110 (176 ) Note: The values and amounts indicated in the section 23.4.2 correspond to 50% of the total Uruguayan companies amounts, showing the participation that Arauco has in this companies. 23.4.3. United States Interest Rate Swap Arauco through its subsidiary in United States maintains an Interest Rate Swap with the purpose of setting the interest rate of a variable rate debt in the same currency (USD). The instrument was settled on September 2020 and the valuation off this instrument as of December 31, 2022 and 2021 is shown below: Amount 12-31-2022 fair value 12-31-2021 fair value Institution ThU.S.$ Starting date Ending date ThU.S.$ ThU.S.$ JP Morgan - N.A. 80,000,000 4-28-20 4-28-24 5,062 845 Goldman Sachs N.A. 80,000,000 4-28-20 4-28-24 5,004 1,043 JP Morgan - N.A. 80,000,000 4-28-20 4-28-24 5,067 852 15,133 2,740 23.4.4. Argentina As of December 31, 2022 and 2021, Arauco through its subsidiary in Argentina maintains the following forward contracts in force and effect for the purposes of ensuring an exchange rate of dollars: 12-31-2022 fair value 12-31-2021 fair value Exchange rate Institution Amount ThU.S.$ Starting date Ending date ThU.S.$ ThU.S.$ ARSUSD Santander - Argentina 3,800 12-10-21 1-31-22 - (65 ) ARSUSD BBVA - Argentina 3,800 12-10-21 2-25-22 - (68 ) ARSUSD BBVA - Argentina 6,000 12-15-22 1-31-23 (17 ) - (17 ) (133 ) 23.5 Cash equivalent, Loans and Receivables The financial assets measured at amortized cost using the effective interest method and tested for impairment are: cash and cash equivalent, time deposits, repurchase agreements, trade and other current/non-current receivables (with third parties and from related parties) . Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. In the consolidated statements of financial position, they are included in line items “Cash and cash equivalents” (certain components of cash and cash equivalents), “Trade and other current/non-current receivables” and “Accounts receivable from related parties”. As of December 31, 2022 and 2021, there are provisions for impairment for ThU.S.$ 7,960 and ThU.S.$ 8,792, respectively. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Financial assets at amortized cost 1,476,046 1,783,643 Cash and cash equivalents (Mutual Funds not included) 557,143 781,032 Cash 298,577 529,076 Time deposits 258,566 251,956 Accounts receivables (net) 913,532 999,820 Trade receivables 731,685 826,784 Lease receivable 28,935 27 Sundry debtors 8,911 32,542 Other receivables 56,973 48,531 Prepayments 84,178 86,377 Accounts receivable from related parties 2,850 5,559 Other financial assets 5,371 2,791 23.5.1. Cash and Cash Equivalents Includes cash on hand, bank checking account balances and time deposits and other short-term highly liquid investments with an original maturity of three months or less. They are short-term, highly liquid investments that are readily convertible to known amounts of cash, and which are subject to an insignificant risk of changes in value. The composition of cash and cash equivalents (including the balance of mutual funds displayed in this note as valuation, instruments at fair value with profit or loss) at December 31, 2022 and 2021, classified by currency is as follows: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Cash and cash equivalents 667,207 1,011,100 U.S. dollars 395,254 703,232 Euro 4,884 5,755 Mexican pesos 28,564 20,467 Other currencies 228,481 277,441 Chilean pesos 10,024 4,205 23.5.2 Time Deposits and Repurchase Agreements: 23.5.3 Trade and Other Receivables: 23.5.4 Other Receivables These correspond to receivables from sales, services or loans that are not considered within the normal course of the business. The allowance for doubtful accounts is presented as a deduction of trade and other receivables. The provision for doubtful accounts is established based on an analysis of the age of the portfolio and considering the insurance coverage on accounts receivable. Other conditions are assessed for example when there is objective evidence that Arauco will not receive payments under the original sale terms and when the customer is a party to a bankruptcy court agreement or cessation of payments, and is written-off when Arauco has exhausted all levels of recovery of the receivable in a reasonable time. 23.5.5 Accounts receivable from related parties The following table sets forth trade and other current/non-current receivables classified by currencies as of December 31, 2022 and 2021: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Trade and other current receivables 878,008 979,923 U.S. dollars 614,204 789,236 Euros 36,425 21,884 Mexican pesos 33,089 31,288 Other currencies 90,618 66,886 Chilean pesos 97,616 70,127 U.F. 6,056 502 Accounts receivable from related parties, current 2,850 5,559 Chilean pesos 2,850 5,559 Trade and other non-current receivables 32,674 14,338 U.S. dollars 5,880 11,806 Chilean pesos 3,434 2,492 U.F. 23,360 40 23.6 Financial Liabilities Arauco's financial liabilities to the date of these consolidated financial statements are as follows: Financial liabilities 12-31-2022 12-31-2021 Total financial liabilities 6,649,011 6,620,915 Financial liabilities at fair value through profit or loss 17 133 Hedging liabilities 76,669 296,183 Financial liabilities at amortized cost 6,572,325 6,324,599 The following table sets forth the current portion of the non-current bank borrowings and debt issued as of December 31, 2022 and 2021. 12-31-2022 12-31-2021 Bank borrowings - current portion 139,252 248,835 Bonds issued - current portion 95,550 90,371 Total 234,802 339,206 23.7 Financial Liabilities Measured at Amortized Cost Financial liabilities correspond to non-derivative financial instruments with contractual cash-flow payments that can be either fixed or variable. Also, this category includes those non-derivative financial liabilities for services or goods delivered to Arauco at the end of each reporting period that have not yet been paid. These amounts are not insured and are generally paid within thirty days after being recognized. At the end of these financial statements, Arauco includes in this category bank borrowings, bonds issued denominated in U.S. dollars and in U.F., lease liabilities, and trade and other payables. 12-31-2022 12-31-2021 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Currency Amortized cost Fair value Total financial liabilities 6,572,325 6,324,599 6,331,528 6,121,417 Bonds issued U.S. dollar 3,397,376 3,392,010 3,136,318 3,161,062 Bonds issued U.F. 1,116,083 1,034,023 1,167,251 1,024,721 Bank borrowings U.S. dollar 415,462 454,652 408,278 463,308 Bank borrowings Euro 455,325 509,540 501,492 565,717 Bank borrowings Other currencies 69,890 27,764 - - Lease liabilities U.F. 16,936 19,875 16,936 19,875 Lease liabilities Chilean pesos 11,265 38,278 11,265 38,278 Lease liabilities Mexican pesos 3,238 3,768 3,238 3,768 Lease liabilities U.S. dollar 131,292 79,045 131,292 79,045 Lease liabilities Euro 201 266 201 266 Lease liabilities Other currencies 101,292 22,072 101,292 22,072 Trade and other payables U.S. dollar 234,226 288,172 234,226 288,172 Trade and other payables Euro 23,277 13,955 23,277 13,955 Trade and other payables Mexican pesos 16,791 27,889 16,791 27,889 Trade and other payables Other currencies 150,004 107,302 150,004 107,302 Trade and other payables Chilean pesos 369,300 268,624 369,300 268,624 Trade and other payables U.F. 39,356 34,787 39,356 34,787 Accounts payable to related parties U.S. dollar 202 230 202 230 Accounts payable to related parties Chilean pesos 20,809 2,347 20,809 2,347 The financial liabilities at amortized cost presented in the consolidated statements of financial position as of December 31, 2022 and 2021 are as follows: 12-31-2022 ThU.S.$ Current Non-current Total Other financial liabilities 373,344 5,080,792 5,454,136 Lease liabilities 36,784 227,440 264,224 Trade and other payables 812,838 20,116 832,954 Accounts payable to related parties 14,280 6,731 21,011 Total financial liabilities at amortized cost 1,237,246 5,335,079 6,572,325 12-31-2021 ThU.S.$ Current Non-current Total Other financial liabilities 339,206 5,078,783 5,417,989 Lease liabilities 49,603 113,701 163,304 Trade and other payables 738,457 2,272 740,729 Accounts payable to related parties 2,577 - 2,577 Total financial liabilities at amortized cost 1,129,843 5,194,756 6,324,599 23.8 Cash Flow Hedges Reserve Reconciliation The following table sets forth the reconciliation balances of cash flow hedges presented in the consolidated statements of comprehensive income: January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Opening balance (136,859 ) (37,007 ) 9,010 Gains (losses) on cash flow hedges, before tax 186,911 (84,879 ) 8,222 Reclassification adjustments on cash flow hedges, before tax (9,577 ) (45,426 ) (67,785 ) Income tax relating to cash flow hedges of other comprehensive income (50,587 ) 30,453 13,546 Closing balance (10,112 ) (136,859 ) (37,007 ) 23.9 Capital Disclosures 23.9.1 Information on Objectives, Policies and Processes applied by the Company regarding Capital Management Arauco’s policies on capital management have the objective of: a) Ensuring business continuity and normal operations in the long-term; b) Ensuring funding for new investments to achieve sustainable growth over time; c) Keeping adequate capital structure considering all economic cycles that impact the business and the nature of the industry; and d) Maximizing the Company’s value and providing an adequate return to shareholders. 23.9.2 Qualitative Information on Objectives, Policies and Processes applied by the Company regarding Capital Management Arauco determines and manages its capital structure based on its carrying amount of equity plus its financial debt (bank borrowings and bonds issued). 23.9.3 Quantitative Information on Capital Management The following table sets forth the financial covenants that the Company has to comply with as part of the terms of certain of its obligations: 12-31-2022 12-31-2021 Interest Debt level Instrument ThU.S.$ ThU.S.$ coverage >= 2,0x (1) <= 1,2x Domestic bonds (Chile) 1,116,083 1,034,023 N/R P Syndicate borrowing - Grayling 242,483 270,214 P P Syndicate ECA - MAPA 455,325 509,540 P P N/R: Not required for the financial obligation. (1) Debt to equity ratio (financial debt divided by equity plus non-controlling interests). As of December 31, 2022 and 2021, Arauco has complied with all of its financial covenants. The following table sets forth the credit ratings of our debt instruments as of December 31, 2022, are as follows: Instrument Standard & Poor’s Fitch Ratings Moody’s Feller Rate Local bonds - AA - AA Foreign bonds BBB- BBB Baa3 - Capitalization requirements are established based on the Company’s financial needs and on maintaining an adequate liquidity level and complying with financial covenants established in current debt arrangements. The Company manages its capital structure and makes adjustments based on the prevailing economic conditions in order to mitigate the risks associated with adverse market conditions and based on opportunities that may arise to improve the Company’s level of liquidity. The capitalization of Arauco as of December 31, 2022 and 2021 is as follows: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Equity 8,259,984 7,818,504 Bank borrowings 940,677 991,956 Lease liabilities 264,224 163,304 Bonds issued 4,513,459 4,426,033 Capitalization 13,978,344 13,399,797 23.10 Risk Management Arauco’s financial instruments are exposed to various financial risks: credit risk, liquidity risk and market risk (including exchange rate risks, interest rate risks and price risks). Arauco’s overall risk management program focuses on uncertainty in financial markets and aims to minimize potential adverse effects on Arauco’s financial profitability. Arauco’s financial risk management is overseen by the Corporate Finance Department. This department identifies, assesses and hedges financial risks in close collaboration with Arauco’s operational units. The company is not actively involved in trading its financial assets for speculative purposes. 23.10.1 Type of Risk: Credit Risk Description Credit risk refers to financial uncertainty at different periods of time relating to the fulfillment of obligations with counterparties, at the time of exercising the contract rights to receive cash or other financial assets on behalf of Arauco. Explanation of Credit Risk Exposure and How This Risk Arises Arauco’s exposure to credit risk is directly related to each of its customer’s individual abilities to fulfill their contractual commitments, reflected in trade receivables. Accounts exposed to credit risk are trade receivables, financial lease debtors and other debtors. Arauco does not have a securitized portfolio. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Current receivables Trade receivables 731,649 826,750 Lease receivable 5,067 27 Sundry debtors 4,451 21,646 Other receivables 54,525 46,394 Prepayments 82,316 85,106 Net subtotal 878,008 979,923 Trade receivables 736,158 832,612 Lease receivable 5,067 27 Sundry debtors 4,866 21,732 Other receivables 55,687 47,198 Prepayments 82,316 85,106 Gross subtotal 884,094 986,675 Provision for doubtful trade receivables 4,509 5,862 Provision for doubtful lease receivable - - Provision for doubtful sundry debtors 415 86 Provision for doubtful other receivables 1,162 804 Subtotal bad debt 6,086 6,752 Non-current receivables Trade receivables 36 34 Lease receivable 23,868 - Sundry debtors 4,460 10,896 Other receivables 2,448 2,137 Prepayments 1,862 1,271 Net subtotal 32,674 14,338 Trade receivables 1,910 2,074 Lease receivable 23,868 - Sundry debtors 4,460 10,896 Other receivables 2,448 2,137 Prepayments 1,862 1,271 Gross subtotal 34,548 16,378 Provision for doubtful trade receivables 1,874 2,040 Provision for doubtful lease receivable - - Provision for doubtful sundry debtors - - Provision for doubtful other receivables - - Subtotal bad debt 1,874 2,040 Explanation of Risk Management Objectives, Policies and Processes, and Measurement Methods The Credit and Collections Sub-Division, dependent from the Treasury Department, is the area entrusted with minimizing the credit risk of the accounts receivable, supervising the delinquency of the accounts. The regulations and procedures applicable for the control and administration of the Arauco Group can be found in the Corporate Credit Policy. As of December 31, 2022, Arauco’s balance for commercial debtors was ThU.S.$ 738,068 of which, according to the agreed sales conditions, 53.73% corresponded to sales on credit (open account), 45.66% to sales with letters of credit and 0.61% to other types of sales. The client with the largest Open Account debt represented 2.19% of the total accounts receivable as of that date. Below we provide detail regarding accounts receivable, classified in tranches: December 31, 2022 Age of trade receivables Days Non-past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More Total N° debtor 1,500 690 69 43 37 25 18 27 16 62 2,487 ThU.S.$ 700,691 28,708 1,941 474 352 133 87 94 67 5,521 738,068 % 94.94 % 3.89 % 0.26 % 0.06 % 0.05 % 0.02 % 0.01 % 0.01 % 0.01 % 0.75 % 100 % December 31, 2021 Age of trade receivables Days Non-past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More Total N° debtor 1,710 676 100 53 30 49 2 2 1 67 2,690 ThU.S.$ 791,729 36,011 965 361 87 13 1 2 1 5,516 834,686 % 94.85 % 4.31 % 0.12 % 0.04 % 0.01 % 0.00 % 0.00 % 0.00 % 0.00 % 0.67 % 100 % Arauco applies the simplified approach regarding the expected losses from commercial debtors, which allows for the use of an estimate of expected credit losses over the instrument’s lifespan for all commercial accounts receivable. In order to establish this estimate, the commercial debtors have been grouped in relation to the corresponding risks for sales conditions as well as for tranches, including clients that are up-to-date or in default. December 31, 2022: Days Non- past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More than Total Letters of credit 335,897 1,080 10 - - - - - - - 336,987 Loss allowance provision - - - - - - - - - - - Expected loss rate 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Credit line 363,423 26,888 1,791 300 299 100 87 94 67 3,505 396,553 Loss allowance provision 1,545 - 59 34 38 10 9 93 41 2,487 4,314 Expected loss rate 0.43 % 0.00 % 3.27 % 11.22 % 12.74 % 9.52 % 9.82 % 99.08 % 60.88 % 70.95 % Others 1,371 740 140 174 53 33 - 1 - 2,016 4,528 Loss allowance provision - - 1 17 31 19 - 1 - 2,000 2,069 Expected loss rate 0.00 % 0.00 % 0.85 % 9.94 % 57.52 % 55.92 % 0.00 % 96.35 % 0.00 % 99.25 % Total trade receivables (ThU.S.$) 700,691 28,708 1,941 474 352 133 87 94 67 5,521 738,068 Total allowance for doubtful accounts (ThU.S.$) 1,545 - 60 51 69 28 9 94 41 4,487 6,383 December 31, 2021: Days Non- past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More than Total Letters of credit 372,687 3,076 41 - - - - - - - 375,804 Loss allowance provision - - - - - - - - - - - Expected loss rate |
REPORTABLE SEGMENTS
REPORTABLE SEGMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Reportable Segments [Abstract] | |
Disclosure of entity's operating segments [text block] | N The main products that generate revenue for each reportable segment are described as follows: Pulp segment The main products sold by this reportable segment are long fiber bleached pulp (BSKP), short fiber bleached pulp (BHKP), long fiber raw pulp (UKP), pulp fluff and dissolving pulp (DP). Additionally, it manages a forest plantations in order to supply its production plants and, at the same time, to sell to the wood products segment or to third parties what it does not use (pruning, sawing, poles and chips). Finally, depending on the needs, it buys logs and chips from third parties which are consumed or sold to the wood products segment. The Pulp reportable segment uses wood exclusively from pine and eucalyptus plantations for the production of different classes of wood cellulose or pulp. Bleached pulp is mainly used as raw material for producing printing and writing paper, as well as toilet paper and high-quality wrapping paper. Unbleached pulp is used to produce packing paper, filters, fiber cement products, dielectric paper and others. Fluff pulp is mainly used in the production of diapers and female hygiene products. On the other hand, dissolving pulp is used as raw material for the manufacture of different fabrics. Arauco has seven plants, five in Chile, one in Argentina and one in Uruguay (50% property of Arauco) and they have a total production capacity of approximately 3.7 million tons per year. Pulp is sold in more than 42 countries, mainly in Asia and Europe. Wood products segment The main products sold by this segment correspond to plywood, MDF (Medium Density Fiberboard), PB (chipboard), sawn wood of different dimensions and remanufactured products such as moldings, pre-cut pieces, finger joints, among others. The Panels area produces a wide range of panel products and several kinds of moldings aimed at the furniture, decoration and construction industries. It consists of 20 industrial plants: 4 in Chile, 2 in Argentina, 4 in Brazil, 2 in Mexico, and 8 plants around USA and Canada. The Company has a total annual production capacity of 7.3 million cubic meters of PBO, MDF, plywood and moldings. Through the joint venture Sonae Arauco, Arauco produces and sells wood panels, of the type of MDF, PB and OSB, and sawn timber, through the operation of 2 panel plants and one sawmill in Spain; 2 panel plants and one resin plant in Portugal; 3 panel plants in Germany and 2 panel plants in South Africa. In total, Sonae Arauco’s production capacity is approximately 1.2 million m3 of MDF, 2.4 million m3 of PB, 460,000 m3 of OSB and 70,000 m3 of sawn timber. Including Sonae Arauco at 50%, Arauco totalize a capacity of 4.2 million m3 of MDF, 4.2 million m3 of PB and 230,000 m3 of OSB, 710,000 m3 of Plywood and 3,100,000 m3 of sawn timber. The Sawn Timber area produces a wide range of wood and remanufactured products with different kinds of uses and appearances, which include a wide variety of uses in the furniture, packing, construction and refurbishing industries. With 8 sawmills in operation (7 in Chile and 1 in Argentina), the Company has a production capacity of 3.0 million m3 of sawn wood. Furthermore, the Company has 5 remanufacturing plants, 4 in Chile and 1 in Argentina. These plants reprocess sawn wood and produce high quality remanufactured products, such as finger joint and solid moldings as well as precut pieces. Arauco has no customers representing 10% or more of its revenues. Below, please find summarized information concerning the assets, liabilities and profits and losses at the end of each period, by segments. The profit (loss) of each segment informed takes into consideration that taxes and income and financial costs have not been allocated to the various segments, and are shown as part of the Corporate’s segment: Period ended December 31, 2022 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Revenues from sales of goods 2,886,870 4,110,747 - - 6,997,617 6,997,617 Revenues from rendering of services 103,771 1 681 - 104,453 104,453 Revenues from ordinary activities 2,990,641 4,110,748 681 - 7,102,070 7,102,070 Revenues from transactions with reportable segments 501,011 21,347 54,345 - 576,703 (576,703 ) - Finance income - - - 72,116 72,116 72,116 Finance costs - - - (200,366 ) (200,366 ) (200,366 ) Net finance costs - - - (128,250 ) (128,250 ) (128,250 ) Depreciation and amortizations 296,425 198,632 1,679 10,293 507,029 507,029 Other income 63,759 31,248 101 5,021 100,129 100,129 Other expenses 299,469 50,311 9 24,100 373,889 373,889 Share of profit (loss) of associates and joint ventures accounted for using equity method Associates 2,180 - - 4,889 7,069 7,069 Joint ventures - 41,319 - (14,704 ) 26,615 26,615 Income tax expense - - - (142,121 ) (142,121 ) (142,121 ) Profit (loss) of each reportable segment 320,201 900,134 (2,906 ) (513,203 ) 704,226 704,226 Geographical information on revenues Revenue – Chilean entities 1,961,303 1,743,181 681 - 3,705,165 3,705,165 Revenue – Foreign entities 1,029,338 2,367,567 - - 3,396,905 3,396,905 Total revenues from ordinary activities 2,990,641 4,110,748 681 - 7,102,070 7,102,070 Period ended December 31, 2022 Pulp Wood products Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Amounts of additions to non-current assets Acquisition of property, plant and equipment and biological assets 1,462,801 109,664 475 5,262 1,578,202 - 1,578,202 Acquisition and contribution of investments in associates and joint venture - - - 9,855 9,855 - 9,855 Period ended December 31, 2022 Pulp Wood products Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Segment assets 13,094,867 2,959,042 18,291 1,256,321 17,328,521 (148,413 ) 17,180,108 Segment assets (excluding deferred tax assets) 13,094,867 2,959,042 18,291 1,247,310 17,319,510 (148,413 ) 17,171,097 Deferred tax assets 9,011 9,011 9,011 Investments accounted through equity method Associates 36,489 - - 64,332 100,821 100,821 Joint Ventures - 203,443 - 61,407 264,850 264,850 Segment liabilities 1,049,313 438,864 22,237 7,409,710 8,920,124 8,920,124 Segment liabilities (excluding deferred tax liabilities) 1,049,313 438,864 22,237 5,623,795 7,134,209 7,134,209 Deferred tax liabilities 1,785,915 1,785,915 1,785,915 Geographical information on non-current assets Chile 8,540,801 491,283 17,008 398,820 9,447,912 (16,294 ) 9,431,618 Foreign countries 2,742,416 1,190,257 - 40,896 3,973,569 3,973,569 Total non-current assets 11,283,217 1,681,540 17,008 439,716 13,421,481 (16,294 ) 13,405,187 Period ended December 31, 2021 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Revenues from sales of goods 2,702,346 3,549,096 - - 6,251,442 6,251,442 Revenues from rendering of services 97,988 1 330 - 98,319 98,319 Revenues from ordinary activities 2,800,334 3,549,097 330 - 6,349,761 6,349,761 Revenues from transactions with reportable segments 503,455 30,396 43,737 - 577,588 (577,588 ) - Finance income - - - 33,499 33,499 33,499 Finance costs - - - (219,982 ) (219,982 ) (219,982 ) Net finance costs - - - (186,483 ) (186,483 ) (186,483 ) Depreciation and amortizations 297,413 179,549 1,634 11,164 489,760 489,760 Other income 331,827 22,935 265 23,950 378,977 378,977 Other expenses 141,338 27,315 6,140 17,308 192,101 192,101 Share of profit (loss) of associates and joint ventures accounted for using equity method Associates 2,380 - - (2,050 ) 330 330 Joint ventures - 35,250 - (4,194 ) 31,056 31,056 Income tax expense - - - (402,914 ) (402,914 ) (402,914 ) Profit (loss) of each reportable segment 851,804 906,745 (9,605 ) (717,345 ) 1,031,599 1,031,599 Geographical information on revenues Revenue – Chilean entities 1,933,450 1,538,804 330 - 3,472,584 3,472,584 Revenue – Foreign entities 866,884 2,010,293 - - 2,877,177 2,877,177 Total revenues from ordinary activities 2,800,334 3,549,097 330 - 6,349,761 6,349,761 Period ended December 31, 2021 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Amounts of additions to non-current assets Acquisition of property, plant and equipment and biological assets 1,461,957 76,088 870 3,800 1,542,715 - 1,542,715 Acquisition and contribution of investments in associates and joint venture - - - 61,372 61,372 - 61,372 Period ended December 31, 2021 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Segment assets 12,236,794 3,021,804 19,350 1,487,952 16,765,900 (97,589 ) 16,668,311 Segment assets (excluding deferred tax assets) 12,236,794 3,021,804 19,350 1,480,315 16,758,263 (97,589 ) 16,660,674 Deferred tax assets 7,637 7,637 7,637 Investments accounted through equity method Associates 26,823 - - 56,101 82,924 82,924 Joint Ventures - 203,504 - 50,214 253,718 253,718 Segment liabilities 725,397 480,521 11,010 7,632,879 8,849,807 8,849,807 Segment liabilities (excluding deferred tax liabilities) 725,397 480,521 11,010 5,885,074 7,102,002 7,102,002 Deferred tax liabilities 1,747,805 1,747,805 1,747,805 Geographical information on non-current assets Chile 7,978,912 530,618 18,307 330,600 8,858,437 (9,304 ) 8,849,133 Foreign countries 2,671,205 1,200,693 - 23,236 3,895,134 3,895,134 Total non-current assets 10,650,117 1,731,311 18,307 353,836 12,753,571 (9,304 ) 12,744,267 Period ended December 31, 2020 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Revenues from goods sale 2,038,847 2,623,465 - - 4,662,312 4,662,312 Revenues from rendering of services 70,431 15 111 - 70,557 70,557 Revenues from ordinary activities 2,109,278 2,623,480 111 - 4,732,869 4,732,869 Revenues from transactions with other operating segments 1,111,289 21,556 34,149 1,166,994 (1,166,994 ) - Finance income - - - 29,449 29,449 29,449 Finance costs - - - (268,179 ) (268,179 ) (268,179 ) Net finance costs - - - (238,730 ) (238,730 ) (238,730 ) Depreciation and amortizations 312,092 192,295 1,547 10,078 516,012 516,012 Other income 235,320 42,723 89 5,684 283,816 283,816 Other expenses 114,720 50,369 1 17,793 182,883 182,883 Share of profit (loss) of associates and joint ventures accounted for using equity method Associates 1,346 - - 3,475 4,821 4,821 Joint ventures - (1,994 ) - (510 ) (2,504 ) (2,504 ) Income tax expense - - - (41,848 ) (41,848 ) (41,848 ) Profit (loss) of each reportable segment 201,548 260,504 (2,927 ) (433,820 ) 25,305 25,305 Geographical information on revenues Revenue – Chilean entities 1,476,060 1,136,322 111 - 2,612,493 2,612,493 Revenue – Foreign entities 633,218 1,487,158 - - 2,120,376 2,120,376 Total Ordinary Income 2,109,278 2,623,480 111 - 4,732,869 4,732,869 Period ended December 31, 2020 Pulp Wood products Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Amounts of additions to non-current assets Acquisition of property, plant and equipment and biological assets 1,618,239 95,672 437 2,639 1,716,987 - 1,716,987 Acquisition and contribution of investments in associates and joint venture - - - 19,433 19,433 - 19,433 Period ended December 31, 2020 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Segment assets 11,543,571 2,886,177 24,941 1,623,700 16,078,389 (50,070 ) 16,028,319 Segments assets (excluding deferred tax assets) 11,543,571 2,886,177 24,941 1,617,659 16,072,348 (50,070 ) 16,022,278 Deferred tax assets 6,041 6,041 6,041 Investments accounted through equity method Associates 29,205 - - 56,509 85,714 85,714 Joint Ventures - 187,388 - 43,837 231,225 231,225 Segment liabilities 494,065 471,024 8,574 7,639,021 8,612,684 8,612,684 Segment liabilities (excluding deferred tax liabilities) 494,065 471,024 8,574 6,175,135 7,148,798 7,148,798 Deferred tax liabilities 1,463,886 1,463,886 1,463,886 Geographical information on non-current assets Chile 7,487,475 588,973 24,305 314,330 8,415,083 (6,380 ) 8,408,703 Foreign countries 2,731,405 1,277,666 - 66,220 4,075,291 4,075,291 Non-current assets, Total 10,218,880 1,866,639 24,305 380,550 12,490,374 (6,380 ) 12,483,994 Information required by geographic area: Geographical area 2022 Local country Foreign country Disclosure of geographical areas Chile Argentina Brazil USA/Canada Uruguay Mexico Total Revenues from sale of goods 3,633,847 600,923 658,329 1,309,652 573,877 220,989 6,997,617 Revenues from rendering of services 71,318 - - - 33,134 1 104,453 Revenues as of December 31, 2022 3,705,165 600,923 658,329 1,309,652 607,011 220,990 7,102,070 Non-current Assets at 12-31-2022 other than deferred tax 9,426,583 548,528 906,174 721,824 1,664,974 128,093 13,396,176 Geographical area 2021 Local country Foreign country Disclosure of geographical areas Chile Argentina Brazil USA/Canada Uruguay Mexico Total Revenues from sale of goods 3,409,152 524,976 630,440 1,041,285 454,498 191,091 6,251,442 Revenues from rendering of services 63,432 - - - 34,886 1 98,319 Revenues as of December 31, 2021 3,472,584 524,976 630,440 1,041,285 489,384 191,092 6,349,761 Non-current Assets at 12-31-2021 other than deferred tax 8,845,193 688,698 642,578 735,846 1,698,320 125,995 12,736,630 Geographical area 2020 Local country Foreign country Disclosure of geographical areas Chile Argentina Brazil USA/Canada Uruguay Mexico Total Revenues from goods sale 2,573,641 379,200 414,622 829,497 333,104 132,248 4,662,312 Revenues from rendering of services 38,852 - - - 31,690 15 70,557 Revenues as of December 30, 2020 2,612,493 379,200 414,622 829,497 364,794 132,263 4,732,869 Non-current Assets at 12-31-2021 other than deferred tax 8,404,695 741,337 694,079 774,969 1,725,736 137,137 12,477,953 |
OTHER NON-FINANCIAL ASSETS AND
OTHER NON-FINANCIAL ASSETS AND NON-FINANCIAL LIABILITIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Other Non financial Assets And Non financial Liabilities [Abstract] | |
Disclosure Of Other Non financial Assets And Non financial Liabilities Explanatory [Text Block] | N 12-31-2022 12-31-2021 Current non-financial assets ThU.S.$ ThU.S.$ Roads to amortize, current 56,171 56,949 Prepayment to amortize (insurance and others) 17,474 21,749 Recoverable taxes (related to purchases) 126,368 83,996 Other current non-financial assets 6,046 5,196 Total 206,059 167,890 12-31-2022 12-31-2021 Non-current non-financial assets ThU.S.$ ThU.S.$ Roads to amortize, non-current 71,094 72,054 Guarantee values 4,400 3,296 Recoverable taxes 6,363 4,605 Other non-current non-financial assets 10,657 8,594 Total 92,514 88,549 12-31-2022 12-31-2021 Current non-financial liabilities ThU.S.$ ThU.S.$ Provision of minimum dividend (1) 189,375 125,657 ICMS, PIS-COFINS and other tax payables - Brazil 32,145 24,590 Other tax payable 14,186 17,618 Other Current non-financial liabilities 7,272 5,789 Total 242,978 173,654 (1) Correspond mainly to the minimum dividend provision of the parent company (see Note 26). 12-31-2022 12-31-2021 Non-current non-financial liabilities ThU.S.$ ThU.S.$ ICMS and other tax payable - Brazil 66,736 74,780 Other non-current non-financial liabilities 3,136 2,226 Total 69,872 77,006 |
DISTRIBUTABLE NET PROFIT AND EA
DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE | 12 Months Ended |
Dec. 31, 2022 | |
DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Abstract] | |
Disclosure of earnings per share [text block] | N Distributable net profit As a general policy, the Board of Directors of Arauco agreed that the net profit to be distributed as dividend is determined based on realized net gains/(losses) of any relevant variations in the value of unrealized assets and liabilities, which are excluded from the calculation of net profit during the period such changes are made. As a result of the foregoing, for purposes of determining the distributable net profit of the Company, which is the same considered for calculating the minimum dividend required and additional dividend, the following unrealized gains/losses are excluded from the net profit for the year: 1) Unrealized gains/losses relating to the fair value recorded for forestry assets under IAS 41, adding them back to distributable net profit when they are realized through sale or disposed of by other means. 2) Those generated through the acquisition of entities. These results will be added back to net profit when they are realized through sale. The deferred taxes associated with the amounts described in 1) and 2) above are also excluded. In 2021, Arauco updated the dividend policy of the Company, establishing that in respect of fiscal year 2021, it will be distributed among the shareholders an amount equivalent to the 40% of the net profit for such year capable of being distributed as dividends, excluding from the calculation of such net profit the extraordinary benefits that the Company will obtain, through its subsidiary Forestal Arauco S.A., for the sale of assets to Vista Hermosa Inversiones Forestales SpA. In the movement of consolidated statements of changes in equity was recognized a decrease of ThU.S.$ 437,995 (ThU.S.$ 596,012 as of December 31, 2021), of which ThU.S.$ 370,874 correspond to the provision of 40% of the distributable net As of December 31, 2022 Arauco in the financial statements recognized the balance of minimum dividend provision of the parent company for ThU.S.$ 186,903 (125,012 as of December 31, 202 1 In consideration of the profits obtained by the Company during the year 2021, in the Extraordinary Shareholders’ Meeting held on October 12, 2021, it was agreed the distribution of a definitive dividend (eventual dividend) with charge on the fund of retain profits. Generating a provision for ThU.S.$ 200,000, it was paid from October 25, 2021. On April 8, 2022, our Board of Directors approved an amendment to the abovementioned dividend policy in respect of net income obtained in fiscal year 2021, in order to include in the calculation of the distributable net profit assets The aforementioned modification to the Company’s dividend policy only applies for fiscal year 2021. For the eventual profits of the current fiscal year 2022 and for subsequent fiscal years, an amount equivalent to the 40% of the distributable net income for each fiscal year will be distributed as dividends. Nevertheless, the Board of Directors may decide to distribute and pay dividends to the shareholders, to the extent that it expects the year to finalize with positive results and that the Company’s liquidity allows such distribution and payment. Considering the change in the dividend policy described above, the final dividend paid for the year 2021 increased by ThU.S.$ 67,121 compared to the provision as of December 31, 2021. The following table details the adjustments made for the determination of distributable net profit as of December 31, 2022 and 2021: Distributable net profit 12-31-2022 ThU.S.$ 12-31-2021 ThU.S.$ 12-31-2020 ThU.S.$ Net profit attributable to parent company 704,480 1,030,812 25,843 Adjustments: Sale of lands - (167,802 ) - Biological assets Unrealized gains (losses) (12,933 ) (79,452 ) (183,927 ) Realized gains (losses) 327,268 249,441 208,064 Deferred income taxes (91,629 ) (42,970 ) (4,684 ) Total adjustments 222,706 127,019 19,453 Distributable net profit 927,186 990,029 45,296 Basic and diluted earnings per share Basic and diluted earnings per share are calculated by dividing the profit or loss attributable to ordinary equity holders of parent by the weighted average number of ordinary shares outstanding. Arauco does not have any shares with potential dilutive effect. January-December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Profit or loss attributable to ordinary equity holder of parent 704,480 1,030,812 25,843 Weighted average of number of shares 120,474,350 119,414,435 114,269,961 Basic and diluted earnings per share (in U.S.$ per share) 5.8476 8.6322 (0.2262 ) |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2022 | |
DisclosureOf Subsequent Events [Abstract] | |
Disclosure of events after reporting period [text block] | N 1) Since the beginning of February, multiple forest fires have been affecting various locations in Chile in which we operate, such as Maule, Ñuble, Biobío, Araucanía and Los Ríos regions, many of which are the result of the irresponsible or intentional action of third parties (the “Fires”). Regarding the fires, we disclosed the following on March 1, 2023: For purposes of fire prevention and combat, the Company has more than 1,300 professional forestry brigade members, duly trained and equipped for firefighting, as well as 700 liquidation forestry brigade members. Additionally, the Company has 89 car bombs, 30 runways and helipads, a total of 35 aircrafts (11 tanker planes, 17 tanker and brigade transport helicopters, 4 heavy-duty helicopters and 3 coordination planes), 18 skidders, 2 bulldozers, 130 detection towers with cameras systems, a satellite fire detection service, and 3 detection centers, in addition to the support of national and international specialist companies. The Company has approximately 47,000 hectares of potentially affected productive forest plantations (the “Plantations”). Considering the information currently available, the wood that should be able to be recovered (based on past experiences) and the applicable insurance coverage, it is preliminarily estimated that the impact on the financial statements of the Company as a result of the fires would be as of this date approximately ThU.S.$ 50,000. 2) On April 6, 2023, our Board of Directors agreed to propose to the Shareholders' Meeting, that an amount equivalent to 50% of the 2022 distributable net profit be distributed among the shareholders. As of December 31, 2022, 40% of the distributable net profit was provisioned according to the policy in place as of that date. 3 68 5 held o n April 13 of 2023. Subsequent to December 31, 2022 and as of the date of issuance of these consolidated financial statements, there have been no events, that could materially affect the presentation of these financial statements. |
PRESENTATION OF CONSOLIDATED _2
PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Presentation of Consolidated Financial Statements [Abstract] | |
Description of accounting policy for basis of preparation of consolidated financial statements [text block] | a) Basis for preparation of the consolidated financial statements These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and they represent the explicit and unreserved adoption of IFRS. The consolidated financial statements have been prepared on a historical cost basis, except for biological assets and certain derivative financial instruments which are measured at revalued amounts or fair value at the end of each period as explained in the following significant accounting policies. |
Description of accounting policy for critical accounting estimates and judgements [text block] | b) Critical accounting estimates and judgments The preparation of these consolidated financial statements, in accordance with IFRS, requires management to make estimates and assumptions that affect the carrying amounts reported. These estimates are based on historical experience and various other assumptions that are considered to be reasonable. Actual results may differ from these estimates. Management believes that the accounting policies below are the critical judgments that have the most significant effect on the amounts recognized in the consolidated financial statements. - Biological Assets The recovery of forest plantations is based on discounted cash flow models which means that the fair value of biological assets is calculated using cash flows from continuing operations on a discounted basis, based on our sustainable forest management plans and the estimated growth of forests. The measurement of the fair value of the biological assets is determined using a discounted cash flow model. Our cash flow projections include significant judgments and assumptions relating to discount rates, estimated growth of the forests and sales margins, as well as periodically carry out studies of the forestry markets to stablish the volumes of wood available and the expected future growth returns. The main considerations used to calculate the valuation of forest plantations and a sensitivity analysis are presented in Note 20. - Litigation and Contingencies Arauco and its subsidiaries are subject to certain litigation proceedings. Future impact on Arauco’s financial condition derived from such litigations is estimated by management, in collaboration with its legal advisors. Arauco applies judgment when interpreting the reports of its legal advisors who provide updated estimates of the legal contingencies at each reporting period and/or at each time a modification is determined to be necessary. For a description of current litigations see Note 18. |
Description of accounting policy for basis of consolidation [text block] | c) Consolidation The consolidated financial statements include all entities over which Arauco has the power to direct the relevant financial and operating activities. Subsidiaries are consolidated from the date on which control is obtained and up to the date that control ceases. Specifically, a company controls an investee or subsidiary if, and only if, they have all of the following: (a) power over the investee, i.e. the investor has existing rights which give it the ability to direct the relevant activities (the activities that significantly affect the investee's returns); (b) exposure or rights to variable returns from involvement with the investee; and (c) the ability to use power over the investee to affect the amount of the investor’s returns. When Arauco holds less than the majority of the voting rights in a company in which it participates, it nonetheless has the power over said company - when these voting rights are enough - to grant it in practice the ability to unilaterally direct said company's relevant activities. Arauco takes into account all facts and circumstances in order to assess if the voting rights in a company in which it participates are enough for granting it the power, including: a) the size of the investor’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; b) potential voting rights held by the investor, other vote holders or other parties; c) rights arising from other contractual arrangements; and d) any additional facts and circumstances that indicate the investor has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings. The Company will reevaluate whether or not it holds control of a company in which participates if the facts and circumstances indicate that changes have occurred in one or more of the three elements of control mentioned above. Consolidation of an investee shall begin from the date the investor obtains control of the investee and cease when the investor loses control of the investee. An entity includes the income and expenses of an acquired or sold subsidiary in the consolidated financial statements from the date it gains control until the date when the entity ceases to control the subsidiary. The profit or loss of each component of other comprehensive income is attributed to owners of the parent company and the non-controlling interest, as appropriate. Total comprehensive income is attributed to the owners of the parent company and non-controlling interests even if the results of the non-controlling interest have a deficit balance. If a subsidiary uses accounting policies other than those adopted in the consolidated financial statements for transactions and other events in similar circumstances, appropriate adjustments are made to the consolidated financial statements of subsidiaries in order to ensure compliance with Arauco's accounting policies. All intercompany transactions and unrealized gains and losses from subsidiaries have been fully eliminated from these consolidated financial statements and non-controlling interest is presented in the consolidated statement of financial position within equity. The consolidated financial statements at the end of this period include the assets, liabilities, income and expenses of the subsidiaries shown in Note 13. Certain consolidated subsidiaries have Brazilian real, Mexican pesos, Canadian dollars, Chilean pesos and Argentine pesos as their functional currencies. For consolidation purposes, the financial statements of those subsidiaries have been prepared in accordance with IFRS and translated as indicated in Note 1 (e) (ii). A parent company will present non-controlling interests in the consolidated statement of financial position within equity, separately from the equity of the owners of the parent company. |
Description of accounting policy for segment reporting [text block] | d) Segments Arauco has defined its reportable segments according to its business areas, based on the products and services sold to its customers. This definition is consistent with the management, resource allocation and performance assessment made by key personnel responsible for making relevant decisions related to the Company’s operation. The personnel responsible for making such decisions are the Executive Vice-president and the Chief Executive Officer who are the highest authorities for making decisions and are supported by the Vice-presidents of each segment. Based on the aforementioned process, the Company has established reportable segments according to the following business units: · Pulp · Wood products Refer to Note 24 for detailed financial information by reportable segment. |
Description of accounting policy for functional currency [text block] | e) Functional currency (i) Functional currency All items in the financial statements of Arauco and each of its subsidiaries, associates and jointly controlled entities are measured using the currency of the primary economic environment in which each entity operates (the functional currency). The consolidated financial statements are presented in U.S. dollars, which is Arauco’s functional and presentation currency. (ii) Translation to the presentation currency of Arauco For the purposes of presenting consolidated financial statements, assets and liabilities of Arauco’s operations in a functional currency different from Arauco’s are translated into U.S. dollars using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the dates of the transactions are used. Exchange rate differences are recognized in other comprehensive income and accumulated in “Other reserves” within–equity. (iii) Foreign Currency Transactions Transactions in currencies other than the functional currency are recognized at the exchange rates prevailing at the dates of the transactions. Profit or loss on transactions in currencies other than the functional currency resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognized in the consolidated statements of profit or loss, except those which are recorded in other comprehensive income and accumulated in equity such as cash flows hedging derivatives. |
Description of accounting policy for determining components of cash and cash equivalents [text block] | f) Cash and cash equivalents Cash and cash equivalents include cash-on-hand, deposits held on demand at financial entities and other short-term highly liquid investments with an original maturity of three months or less and which are subject to an insignificant risk of changes in value. |
Description of accounting policy for financial instruments [text block] | g) Financial Instruments Financial assets Initial classification Arauco classifies its financial assets into the following categories: fair value through profit or loss and amortized cost. Arauco does not have financial assets at fair value through other comprehensive income. The classification is based on the business model used to manage the assets and the characteristics of their contractual cash flows. Management determines the classification of its financial assets at the time of their initial recognition. (a) Financial assets at fair value through profit or loss: these instruments are initially measured at fair value. Net income and losses, including any income from interest or dividends, are registered in the profit or loss of the period. Financial assets are classified in the category of financial assets at fair value through profit or loss when they are maintained for negotiation or designated in their initial registration as assets at fair value through profit or loss. A financial asset can be classified in this category if it is acquired mainly for the purposes of being sold in the short-term. Gain or losses of assets held for negotiations are registered in the consolidated statements of profit or loss, and the related interest is registered independently as financial income. Derivatives are classified as acquired for negotiation also unless they are designated as (b) Assets measured at amortized cost: they are initially registered at the fair value of the transaction, adding or subtracting the transaction costs that are directly attributable to the issuance of the financial asset or financial liability. The financial asset is maintained within a business model, the objective of which is to maintain financial assets to obtain contractual cash flows and the contractual conditions of the asset give rise, on specified dates, to cash flows that are solely payments of principal and interests (“SPPI”) over the amount of the outstanding principal. Subsequent measurement Financial instruments are subsequently measured at fair value through profit or loss or amortized cost. The classification is based on two criteria: i) the Company’s business model for the management of financial instruments, and ii) whether the contractual cash flows related to the financial instruments represent “Solely Payments of Principal and Interests”. a) Financial assets at fair value through profit or loss: these instruments are subsequently measured at fair value. Net earnings and losses, including income from interests and dividends, are registered as profits or losses for the period. These instruments are held for negotiation, and they are mainly acquired to be sold in the short-term. Derivatives are also classified as held for negotiation, unless they are registered as hedging instruments. Financial instruments of this type are classified as other current and non-current financial assets. They are subsequently valuated by determining their fair value, registering changes in value in the consolidated statements of profit or loss, in the items of financial income or financial costs. b) Financial assets measured at amortized cost: These instruments are subsequently measured at amortized cost minus accumulated amortizations, using the effective interest method and adjusted by loss allowance and volume discounts, in the case of financial assets. Financial income and expenses, foreign exchange income and losses, and impairment are registered in results. Any earnings or losses due to initial or subsequent reductions of the value of the asset are registered in the statement of profit or loss of the period. Borrowings and receivables are non-derivative financial instruments with fixed or determinable payments not traded in any active market. They are registered at amortized cost, registering accrued conditions directly in profit or loss. Arauco measures accumulated losses in a quantity equivalent to expected credit losses during the lifelong commitment. Expected credit losses are based on contractual cash flow differences based on the allowance of each contract and the cash flows that Arauco expects. The difference is then discounted based on an approximation of the asset’s original effective interest rate. The asset’s carrying value is reduced as the allowance is used, and the loss is recognized in sales expenses in the consolidated statements of profit or loss. When Derivative financial instruments are explained in Note 1 h). Financial liabilities Arauco classifies its financial liabilities as follows: fair value through profit or loss, derivatives designated as effective hedging instruments and amortized costs. Management determines the classification of its financial liabilities upon initial recognition. Financial liabilities are derecognized when the obligation is cancelled, settled or expired. When an existing financial liability is replaced with another of the same provider under substantially different terms, or where the terms of an existing liability are substantially amended, such exchange or modification is treated as a write-off of the original liability, with a new liability being recognized, and the difference between the respective carrying amounts is recognized in the consolidated statement of profit or loss. Financial liabilities are initially recognized at fair value, and in the case of borrowings, they include the costs directly attributable to the transaction. The subsequent measurement of the financial liabilities depends on their classification: Financial liabilities at fair value through profit or loss Financial liabilities are included in the category of financial liabilities at fair value through profit or loss when they are held for trading or originally designated at fair value through profit or loss. Income and losses from liabilities held for trading are recognized in profit or loss. This category includes non-designated derivatives for hedging accounting. Financial liabilities at amortized cost Other financial liabilities are subsequently valued at their amortized cost based on the effective interest rate method. The amortized cost is calculated taking into account any premium or acquisition discount and includes the costs of transactions that are an integral part of the effective interest rate. This category includes commercial accounts payable and other accounts payable, lease liabilities, as well as the borrowings included in other current and non-current financial liabilities. |
Description of accounting policy for derivative financial instruments [text block] | h) Derivative financial instruments (i) Derivative financial instruments - The Company enters into a variety of derivative financial instruments to manage its exposure to interest rate and foreign exchange rate risks, including foreign exchange forward contracts, interest rate swaps, currency swaps and zero cost collar contracts. The Company’s policy is to enter into derivatives contracts only for economic hedging purposes and there are no instruments with speculation objectives. Derivatives are initially recognized at fair value at the date the derivative contracts are entered into and are subsequently re-measured at fair value at the end of each reporting period. The resulting gain or loss is recognized in profit or loss unless the derivative is designated as a hedging instrument and complies with hedge accounting requirements, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship. (ii) Embedded derivatives The Company assesses the existence of embedded derivatives in financial instrument contracts. Derivatives embedded in non-derivative host contracts are treated as separate derivatives when they meet the definition of a derivative, their risks and characteristics are not closely related to those of the host contracts and the contracts are not measured at FVTPL as a whole. Arauco has determined that no embedded derivatives currently exist. (iii) Hedge accounting The Company designates certain hedging instruments as either fair value hedges or cash flow hedges. At the inception of the hedge relationship, the entity documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, Arauco documents whether the hedging instrument is highly effective in offsetting changes in fair values or cash flows of the hedged item attributable to the hedged risk. -Fair Value Hedges Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognized in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. -Cash flow hedges The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income and accumulated under the heading of cash flow hedging reserve. The gain or loss relating to the ineffective portion is recognized immediately in profit or loss, and is included in the Finance costs line item in the consolidated statement of profit or loss. Amounts previously recognized in other comprehensive income are reclassified to profit or loss in the periods when the hedged item affects profit or loss, in the same line as the recognized hedged item. Hedge accounting is discontinued when the Group revokes the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or when it no longer qualifies for hedge accounting. Any gain or loss recognized in other comprehensive income and accumulated in equity at that time remains in equity and is recognized when the forecasted transaction is ultimately recognized in profit or loss. When a forecasted transaction is no longer expected to occur, the gain or loss accumulated in equity is recognized immediately in profit or loss. The hedging ineffectiveness is debited or credited to results. |
Description of accounting policy for measuring inventories [text block] | i) Inventories Inventories are measured at the lower of cost or net realizable value. Cost is determined using the weighted average cost method. The cost of finished and in process products includes the cost of raw materials, direct labor, other direct costs and manufacturing overhead expenses. Initial costs of harvested wood are determined at fair value less cost of sale at the point of harvest. Biological assets are transferred to inventories when forests are harvested. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. When market conditions result in the production costs of a product exceeding its net realizable value, the inventories are written-down to their net realizable value. This write-down also includes obsolescence amounts resulting from low turnover inventories and technical obsolescence. Spare parts that will be consumed in a period of less than twelve months are presented in inventories and recognized as an expense when they are consumed. |
Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block] | j) Non-current assets held for sale Arauco classifies certain property, plant and equipment, intangible assets, investments in associates and disposal groups (groups of assets to be sold together with their directly associated liabilities) as non-current assets held for sale which as of the date of the consolidated statements of financial position are the subject of active sale efforts which are estimated to be highly probable. |
Description of accounting policy for business combinations [text block] | k) Business Combinations Arauco applies the acquisition method to account for a business combination. This method requires the identification of the acquirer, determination of the acquisition date, recognition and measurement of the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree; and recognition and measurement of goodwill or a gain from a bargain purchase. Identifiable assets acquired and liabilities assumed and any contingent liabilities in a business combination are initially measured at fair value at the acquisition date, except: -deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognized and measured in accordance with IAS 12 Income taxes and IAS 19 respectively; -liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with IFRS 3 at the acquisition date; and -assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 Non-current assets held for sale and discontinued operations are measured in accordance with such standard. Acquisition-related costs are accounted for as expenses when they are incurred, except for costs to issue debt or equity securities which are recognized in accordance with IAS 32 and IFRS 9. A parent will present non-controlling interests in the consolidated statement of financial position within equity, separately from the equity of the owners of the parent company. Changes in the ownership interest of a parent in its subsidiary that do not result in a loss of control are treated as equity transactions. Any difference between the amount by which non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the parent company. No adjustment is made to the carrying amount of goodwill, neither gains nor losses are recognized in the statement of profit or loss. Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the entity's net assets in the event of liquidation may initially be measured either at fair value or at the present ownership instruments' proportionate share of non-controlling interests, in the recognized amounts of the acquirer’s identifiable net assets. The choice is made on a transaction-by-transaction basis. Arauco measures the fair value of the acquired company in the business combination achieved in each stage (“step acquisition”), recognizing the effects of remeasurement of previously held equity in the acquiree in the consolidated statements of profit or loss. If the initial accounting for a business combination is not completed by the end of the reporting period in which the combination occurs, Arauco reports preliminary amounts for the items for which the accounting is incomplete. During the measurement period (no more than one year), these preliminary amounts are retrospectively adjusted, or additional assets or liabilities are recognized to reflect new information about facts and circumstances that existed at the acquisition date, if known, would have affected the amounts recognized at that date. Business combinations that are under common control transactions are accounted using as a reference the pooling of interest. Under this method, assets and liabilities related to the transaction carry over the previous carrying values. Any difference between assets and liabilities included in the consolidation and the consideration transferred, is accounted in equity , as a debit or credit to other reserves. |
Description of accounting policy for investment in associates and joint ventures [text block] | l) Investments in associates and joint arrangements Associates are entities over which Arauco exercises significant influence, but not control. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. Joint arrangement is defined as an entity over which there is joint control, which exists only when the decisions about strategic of activities, both financial and operational, require the unanimous consent of the parties sharing control. Investments in joint arrangements are classified as a joint venture or as a joint operation. A joint operation is a joint arrangement in which the parties that have joint control of the arrangement (i.e. joint operators) have rights to the assets and obligations for the liabilities, relating to the arrangement. A joint venture is a joint arrangement in which the parties that have joint control of the arrangement (i.e., participants in a joint venture) have rights to the net assets of the arrangement. Investments in associates and joint ventures are accounted for using the equity method and are initially recognized at cost. Their carrying amount is increased or decreased to recognize the portion corresponding to the statement of profit or loss or to the statement of comprehensive income. Dividends received are recognized by deducting the amount received from the carrying amount of the investment. Arauco’s investment in associates includes goodwill (both net of any accumulated impairment loss). The investments in joint operations are recognized through consolidation of assets, liabilities and results of operations in relation to Arauco's ownership percentage. If the acquisition cost is lower than the fair value of the net assets of the associate acquired, the difference is recognized directly in statement of profit or loss in line other gains (losses). Investments in associates and joint ventures are presented in the consolidated statement of financial position in the line item “Investments accounted for using equity method”. |
Description of accounting policy for intangible assets other than goodwill [text block] | m) Intangible assets other than goodwill After initial recognition, intangible assets with finite useful lives are carried at cost less any accumulated amortization and impairment losses. Amortization of an intangible asset with a finite useful life is allocated over the asset’s useful life. Amortization begins when the asset is available for use, i.e., when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. (i) Computer Software Computer software licenses are capitalized in terms of the costs incurred to acquire and make them compatible with existing software. These costs are amortized over the estimated useful lives of the software. (ii) Water Rights, Easements and Other Rights This item includes water rights, easements and other acquired rights recognized at historical cost which have indefinite useful lives as there is no foreseeable limit to the period over which these assets are expected to generate future cash flows. These rights are not amortized, but are tested for impairment at least annually, or when there is any indication that the assets might be impaired. (iii) Customers and trade relations with customers Correspond to the valuation over the time of the established relationship with customers, from the sale of products and services through its sales team. These relations will materialize in sales orders, which generate revenue and cost of sales. The useful life has been determined to be 15 years. |
Description of accounting policy for goodwill [text block] | n) Goodwill Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interest in the acquired company, and the fair value of the acquirer's previously held equity interest in the acquired company (if any) over the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed. If the total of consideration transferred, non-controlling interest recognized and previously held interest measured is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognized directly in the statements of profit or loss. Goodwill is not amortized but tested for impairment on annual basis. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For purposes of impairment testing, goodwill in a business combination is allocated as of the acquisition date to the cash generating unit or a group of cash generating units expected to benefit from the synergies of the combination irrespective of whether other assets or liabilities of the acquired company are allocated to those units or group of units. The goodwill generated on acquisitions of foreign companies, is expressed in the functional currency of such foreign company. Goodwill recognized in subsidiaries Arauco Canada Ltd. and Arauco do Brasil S.A., generated on subsidiaries acquisitions whose functional currency is different from the functional currency of the parent company and presentation of these financial statements, are translated into U.S. dollars at the closing exchange rate. |
Description of accounting policy for property, plant and equipment [text block] | o) Property, Plant and Equipment Property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment. The cost includes expenditures that are directly attributable to the acquisition of the assets. Subsequent costs, such as improvements and replacement of components, are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to Arauco and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized from property, plant and equipment. All other repairs and maintenance costs are expensed in the period in which they are incurred. Arauco capitalizes borrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets as part of the cost of those assets, until the assets are ready for their intended use (See Note 12). Depreciation is calculated by components using the straight-line method. The useful lives of the items of property, plant and equipment is estimated according to the expected use of the assets. The residual values and useful lives of assets are reviewed and adjusted, if appropriate, annually. |
Description of accounting policy for leases [text block] | p) Leases Arauco applies IFRS 16 for recognizing leases in a manner consistent with contracts with similar features and akin circumstances. At the beginning of a contract, Arauco assesses whether the contract is, or if it contains, a lease. A contract is, or contains, a lease if it transfers the right to control the use of a given asset for a certain period of time, in exchange for consideration. As of the initial date for recording a lease, Arauco, as lessee, recognizes an asset by the right of use at cost. The cost of the asset for right of use comprises: - The amount of the initial measurement of the lease liability. This measurement is at present value of the payments for leases that have not been disbursed as of that date. Payments for leases are discounted using the incremental interest rate for financial borrowings; - Payments for leases performed prior to or as of the initiation date, minus the lease incentives that have been received; - The initial direct costs incurred by the lessee; and - An estimation of the costs to be incurred by the lessee when dismantling and eliminating the underlying asset, restoring the location where the same is located, or restoring the underlying asset to the condition required under the terms and conditions of the lease, unless such costs are incurred in order to produce inventories. The lessee assumes obligations stemming from such costs either at the commencement date, or as a result of having used the underlying asset during a specific period. After the initial recognition date, Arauco, as lessee, recognizes its asset for right of use by applying the cost model, minus the accumulated depreciation and impairment losses, and adjusted for remeasurement of the liability for lease. At the beginning, Arauco in the capacity of lessee, recognizes the lease liability at present value of the lease payments that have not been disbursed as of that date. Lease payments are discounted using the incremental interest rate for financial borrowings. After the initial recognition date, Arauco, as lessee, recognizes a liability for leases by increasing the book value, so as to reflect the interest over the liability for lease, reducing the amount in order to reflect the payments for leases that have been performed and once again recognizing the book value, so as to reflect the remeasurement and also to reflect the essential fixed payments for leases that have been revised. Arauco presents the assets by right of use in the consolidated statement of financial position and are further disclosed in Note 8. Likewise, lease liabilities are presented in the consolidated statement of financial position and further disclosed in Note 23. IFRS 16 maintains substantially the accounting requirements of the lessor from IAS 17. Therefore, Arauco has continued to classify its leases as operational or financial, as the case may be. Income from operating leases in which Arauco is the lessor are recognized on a straight-line basis during the term of the lease. Initial direct costs are added to the book value of the underlying asset and are recognized as expenses during the term of the lease on the same basis as the lease income. Leased assets are included within the statement of financial position, in property, plant and equipment. Arauco did not make adjustments with respect to assets that maintains as a lessor, as a result of IFRS 16 adoption. When assets are leased under a financial lease, the present value of lease payments are recognized as financial accounts receivable. The difference between the gross receivable and the present value of such amount, is recognized as financial return on capital. Arauco evaluates the economic nature of the contracts that grant the right to use certain assets, for the purposes of determining the existence of implied leases. In these cases, the Company separates, at the beginning of the contract and based on its relative reasonable values, payments and considerations associated with the lease, from the rest of the elements incorporated into the contract. |
Description of accounting policy for biological assets [text block] | q) Biological Assets IAS 41 requires that biological assets, such as standing trees, are measured at fair value less cost to sell in the statement of financial position. Forestry plantations are accounted for at fair value less costs to sell, based on the presumption that fair values of these assets can be measured reliably. The measurement of the fair value of the biological assets is determined using a discounted cash flow model. Our cash flow projections include significant judgments and assumptions relating to discount rates, estimated growth of the forests and sales margins. This valuation is performed on the basis of each identifiable farm block and for each type of tree. The measurement of new forestry plantations made during the current year is made at cost, which corresponds to the fair value at that date. After twelve months, the valuation methodology used is that explained in the preceding paragraph. Biological assets shown as current assets correspond to those forestry plantations that will be harvested in the short-term. Biological growth and changes in fair value of forestry plantations are recognized in the line item “Other income” in the consolidated statements of profit or loss. |
Description of accounting policy for income tax [text block] | r) Income taxes The tax liabilities are recognized in the consolidated financial statements based on the determination of taxable income for the year and calculated using the tax rates in force in the countries where Arauco operates. Deferred income tax is recognized using liability method, on the temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated annual accounts. Deferred income tax is determined using tax rates contained in laws adopted as of the date of the financial statements and that are expected to be applicable when the related deferred tax asset is realized, or the deferred income tax liability is settled. Deferred taxes are recognized in accordance with the standards established in IAS 12 - Income Tax. The goodwill arising on business combinations does not give rise to deferred tax. The deferred tax assets and tax credits are generally recognized for all deductible temporary differences to the extent that it is probable that future taxable profit will be available against which those deductible temporary differences can be utilized. |
Description of accounting policy for provisions [text block] | s) Provisions Provisions are recognized when the Company has a present obligation, legal or constructive, as a result of past events, under which, it is probable that an outflow of resources will be required to settle the obligation; and when a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period. |
Description of accounting policy for recognition of revenue [text block] | t) Revenue recognition Revenues are valued at fair value of the consideration received or to be received, derived from them. Arauco analyses and takes under consideration all relevant facts and circumstances to apply the five-step model established under IFRS 15 to customer contracts: (i) identify the contract, (ii) identify the performance obligations, (iii) determine the transaction price, (iv) allocate the transaction price, and (v) recognize revenue. Additionally, Arauco evaluates the incremental costs of obtaining a contract and the costs incurred to comply with a contract. Arauco recognizes revenues when the steps established in IFRS have been satisfactorily complied with. Accounts receivable are recognized when control over goods or services has been transferred to the customer, because at this point of the time collection is unconditional and the passage of time is only needed to receive payment. (i) Revenue recognition from the Sale of Goods Revenue from the sale of goods is recognized when Arauco has transferred to the buyer the significant risks and rewards of ownership of the committed goods, when the amount of revenue can be reliably measured, when Arauco does not retain any managerial involvement over the goods sold and when it is probable that the economic benefits associated with the transaction will flow to Arauco and the costs incurred in respect of the transaction can be measured reliably. Revenue from the sale of goods are recognized when there is no obligation unsatisfied that could affect the customer’s acceptance of the product. The delivery is effective when the products are sent to the specific location, the risks of obsolescence and loss have been transferred to the customer and when Arauco has objective evidence that all acceptance criteria have been satisfied. Sales are recognized in terms of the price agreed to in the sales contract, less any volume discounts and estimated product returns at the date of the sale. There is no significant financing component given that receivables from sales are collected within a short period, which is in line with market practices. The structure for recognizing revenue from export sales is based on the 2010 Incoterms, which are the official rules for the interpretation of commercial terms issued by the International Chamber of Commerce. The main Incoterms used by Arauco are the following: “CFR (Cost and freight)”, where the company bears all costs including main transportation, until the products arrives at its port of destination. The risk is transferred to the purchaser once the products have been loaded onto the vessel, in the country of origin. “CIF (Cost Insurance & Freight)”, where the Company organizes and pays for external freight services and some other expenses. Arauco is no longer responsible for the products once they have been delivered to the ocean carrier company. (ii) Revenue recognition from Rendering of Services Revenue from the rendering of services is recognized as long as the performance obligation have been satisfied. Revenue is recognized considering the stage of completion of the transaction at the date of the reporting period, when Arauco has the enforceable right of payment from the rendering of the services. There is no significant financing component, given that sales are made with a reduced average collection period, which is in line with market practice. Arauco mainly provides power supply services which are transacted principally in the spot market of the Sistema Eléctrico Nacional (SEN) (“National Electrical System”). According to current regulations, the prices on that market called “Marginal Costs” are calculated by the Coordinador Eléctrico Nacional (CEN) (“National Electrical Coordinator”) and are generally recognized in the period in which the services are rendered. Electrical power is generated as a by-product of the pulp and wood process and is a complementary business to it, which is initially supplied to the group’s subsidiaries and any surplus is sold to the SEN. Arauco provides other non-core services such as port services and pest control whose revenues are derived from fixed price service contracts are recognized considering the stage of completion of the services rendered at the date of reporting, generally during the period of the service contract on a straight-line basis over the term of the contract. Revenues from reportable segments mentioned in Note 24 are measured in accordance with the policies indicated in the preceding paragraphs. Revenues from inter-segment sales (which are made at market prices) are eliminated in the consolidated financial statements. |
Description of accounting policy for dividends [text block] | u) Minimum dividend Article No. 79 of the Chilean Corporations Law states that, unless otherwise unanimously agreed by the shareholders, corporations must distribute annually at least 30% of net income for the current year as cash dividend to shareholders determined in proportion to their shares or in the proportion established in the by-laws for preferred shares, if any, except where necessary to absorb accumulated losses from prior years. On April 8, 2022, our Board of Directors approved an amendment to the abovementioned dividend policy in respect of net income obtained in fiscal year 2021, in order to include in the calculation of the distributable net income for such fiscal year the extraordinary profits obtained by the Company for the sale of real estate by the subsidiary Forestal Arauco S.A. to Vista Hermosa Inversiones Forestales SpA. The amendment to the dividend policy is based upon the very positive financial results obtained by Arauco during fiscal year 2021, already informed to the market, and its current cash availability. The aforementioned modification to the Company’s dividend policy only applies for fiscal year 2021. For the eventual profits of the current fiscal year 2022 and for subsequent fiscal years, an amount equivalent to the 40% of the distributable net income for each fiscal year will be distributed as dividends. Nevertheless, the Board of Directors may decide to distribute and pay dividends to the shareholders, to the extent that it expects the year to finalize with positive results and that the Company’s liquidity allows such distribution and payment. |
Description of accounting policy for earnings per share [text block] | v) Earning per share Basic earnings per share are calculated by dividing the net profit for the period attributable to the parent company by the weighted average number of ordinary shares outstanding during the period, excluding the average number of shares in the Company held by a subsidiary, if such circumstance exists. Arauco has not performed any type of transaction with a potential dilutive effect that would cause diluted earnings per share to be different from basic earnings per share. |
Description of accounting policy for impairment of assets [text block] | w) Impairment Non-financial Assets The recoverable amount of property, plant and equipment and other long-term assets with finite useful lives are measured whenever there are any circumstances indicating that the assets have to recognize an impairment loss. Among the circumstances to consider as evidence of impairment are significant declines in the assets’ market value, significant adverse changes in the technological environment, obsolescence or physical damages of assets and changes in the manner in which the asset is used or expected to be used). Arauco evaluates at the end of each reporting period whether there is any evidence of the indications above mentioned. A previously recognized impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount however a reversal of an impairment loss shall not exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. For the purposes of assessing impairment losses, assets are grouped at the lowest level for which there is identifiable cash flows separately for each cash-generating unit. Non-financial assets, other than goodwill, which had recognized an impairment loss, are reviewed at the end of each reporting period whether there are any circumstances indicating that an impairment loss previously recognized may no longer exists or has decreased. “Cash-generating units” are the smallest identifiable groups of those cash inflows that are largely independent of the cash inflow from other assets or groups of assets. Goodwill Goodwill and intangible assets with indefinite useful life are tested annually for impairment or whenever circumstances indicate it. The recoverable amount of an intangible asset is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognized whenever the carrying amount exceeds the recoverable amount. A cash-generating unit, for which goodwill has been allocated, is tested for impairment annually or more frequently when there are circumstances indicating that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to other assets pro rata based on the carrying amount of each asset in the unit. Any impairment loss of goodwill is recognized directly in the consolidated statement of profit or loss. An impairment loss recognized for goodwill is not reversed in subsequent periods. Goodwill is allocated to cash-generating units for impairment testing purposes. The allocation is made between cash-generating units or groups of cash generating units expected to benefit from the synergies of the combination. Financial Assets At the end of each reporting period, an assessment is performed in order to identify whether there is any objective evidence that a financial asset or a group of financial assets may have been impaired. An allowance for doubtful accounts is established based on a measurement of expected losses using a simplified approach. The allowance for doubtful accounts is measured as the difference between the carrying amount of receivables and the present value of estimated future cash flows. The carrying amount of the receivable is reduced through the use of the allowance. If the impairment loss decreases in later periods, it is reversed either directly or by adjusting the provision for doubtful accounts, with effect in profit or loss. |
Description of accounting policy for employee benefits [text block] | x) Employee Benefits Arauco constitutes labor obligations for severance payable in all circumstances for certain of its employees with at least 5 years of work in the Company, based on the terms of the staff’s collective and individual bargaining agreements. The related provision is an estimate of the years of service to be recognized as a future labor obligation liability, in accordance with contracts between Arauco and its employees and pursuant to actuarial valuation criteria for this type of liability. This post-employment benefit is considered a defined benefit plan. The main factors considered for calculating the actuarial value of severance obligation for years of service are employee turnover, salary increases and life expectancy of the workers included in this benefit. Actuarial gains and losses are recognized in other comprehensive income in the year they are incurred. These obligations are related to post-employee benefits in accordance with current standards. |
Description of accounting policy for employee vacations [text block] | y) Employee Vacations Arauco recognizes the expense for employee vacation according to labor legislation in each country on an accrual basis. This obligation is presented in line item “Trade and other current payables” in the consolidated statements of financial position. |
Description of accounting policy for recent accounting pronouncements [text block] | z) Recent accounting pronouncements a) Standards, interpretations and amendments that are mandatory for the first time for annual periods beginning on January 1, 2022: Amendments and improvements Content Mandatory application Reference to the Conceptual Framework - Amendments to IFRS 3 Business combinations. Update a reference in IFRS 3 to the Conceptual Framework for Financial Reporting without changing the accounting requirements for business combinations. January 1, 2022 IAS 16 Amendment Property, plant and equipment Prohibit a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use. Instead, a company will recognize such sales proceeds and related cost in profit or loss. January 1, 2022 IAS 37 Amendment Provisions, contingent liabilities and contingent assets Specify which costs a company includes when assessing whether a contract will be loss-making. January 1, 2022 Annual Improvements to IFRS Standards 2018–2020 IFRS 9 Financial Instruments Addresses which fees should be included in the 10% test for derecognition of financial liabilities. IFRS 16 Leases Amendment of illustrative example 13 to remove the illustration of payments from the lessor relating to leasehold improvements, to remove any confusion about the treatment of lease incentives. IAS 41 Agriculture Elimination of the requirement for entities to exclude tax cash flows when measuring fair value. This amendment aligned the requirements of IAS 41 on the measurement of fair value with those of other IFRS Standards. January 1, 2022 The adoption of the standards, amendments and interpretations described above did not have a significant impact on Arauco consolidated financial statements during its initial application period. b) Standards, interpretations and amendments, the application of which is not yet mandatory, which have not been adopted in advance: Amendments and improvements Content Mandatory application IAS 1 Presentation of Financial Statements Clarifies that liabilities will be classified as current or non-current depending on the rights at the end of the reporting period. The amendment also clarifies what IAS 1 means when it refers to the 'settlement' of a liability. January 1, 2024 IAS 1 and IAS 8 To IAS 1, Practice statement 2 and IAS 8, aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. January 1, 2023 IAS 12 Deferred tax related to assets and liabilities arising from a single transaction Require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deduct able temporary differences. January 1, 2023 IAS 1 Non-current liabilities with covenants Clarify how conditions with which an entity must comply within twelve months after the reporting period affect the classification of a liability. January 1, 2024 I FRS 16 Leases on sale and leaseback include requirements for sale and leaseback transactions in IFRS 16 to explain how an entity accounts for a sale and leaseback after the date of the transaction. Sale and leaseback transactions where some or all the lease payments are variable lease payments that do not depend on an index or rate are most likely to be impacted. January 1, 2024 Arauco estimates that the adoption of the standards, amendments and interpretations described above will not have a significant impact on Arauco’s consolidated financial statements during its initial application period. |
DISCLOSURE OF OTHER INFORMATI_2
DISCLOSURE OF OTHER INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
DISCLOSURE OF OTHER INFORMATION [Abstract] | |
Disclosure of shareholders composition to the amount of shares owned explanatory [Table Text Block] | as of December 31, 2022, the shareholders composition according to the amount of shares owned is as follows: Shareholders Shares % Empresas Copec S.A. 120,474,249 99.99991616 % AntarChile S.A. 101 0.00008384 % 120,474,350 100.00000000 % |
Disclosure of issued capital [text block] | 12-31-2022 12-31-2021 Description of Ordinary Capital Share Types 100% of Capital corresponds to Number of Authorized Shares by Type of Capital in Ordinary Shares 120,474,350 120,474,350 Nominal Value of Shares by Type of Capital in Ordinary Shares U.S.$ 6.6704 per share U.S.$ 6.6704 per share Amount of Capital in Shares by Type of Ordinary Shares that Constitute Capital ThU.S.$ 803,618 ThU.S.$ 803,618 12-31-2022 12-31-2021 Number of Shares Issued and Fully Paid by Type of Capital in Ordinary Shares 120,474,350 120,474,350 |
Disclosure of dividends [text block] | Dividends paid detail, ordinary shares Dividends paid Definitive dividend Classes of shares for which there are dividends paid Ordinary shares without series Date of dividends paid 12-14-2022 Amount of dividends ThU.S.$ 183,971 Number of shares on which pay dividends 120,474,350 Dividend per shares U.S.$ 1.5271 Dividends paid detail, ordinary shares Dividends paid Definitive dividend Classes of shares for which there are dividends paid Ordinary shares without series Date of dividends paid 05-10-2022 Amount of dividends ThU.S.$ 192,132 Number of shares on which pay dividends 120,474,350 Dividend per shares U.S.$ 1.59480 Dividends paid detail, ordinary shares Dividends paid Interim dividend Classes of shares for which there are dividends paid Ordinary shares without series Date of dividends paid 11-03-2021 Amount of dividends ThU.S.$ 271,000 Number of shares on which pay dividends 120,474,350 Dividend per shares U.S.$ 2.24944 |
Disclosure of detailed information about other financial information [Text Block] | The table below sets forth other income, other expenses, finance income, finance costs and share of profit (loss) of associates and joint ventures for the years ended December 31, 2022, 2021 and 2020 are as follows: January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Classes of Other Income Total Other Income 100,129 378,977 283,816 Gain from changes in fair value of biological assets (Note 20) 12,932 81,986 182,950 Net income from insurance compensation 2,046 1,101 3,007 Revenue from export promotion 1,157 1,608 951 Lease income 1,834 1,689 1,625 Gain on sales of assets 48,653 241,662 28,299 Access easement 905 308 14,020 Recovery of tax credits - 1,674 23,372 Compensations received 221 7,018 964 Gain on sales of subsidiary - 20,381 - Other operating income 32,381 21,550 28,628 Classes of Other Expenses by function Total Other Expenses by function (373,889 ) (192,101 ) (182,883 ) Provision legal expenses (10,478 ) (8,466 ) (5,899 ) Impairme n (170,207 ) (76,218 ) (66,821 ) Operating expenses related to staff restructuring or from plants stoppage or closed (*) (82,337 ) (5,875 ) (26,148 ) Expenses related to projects (27,837 ) (20,663 ) (15,791 ) Loss of asset sales (12,575 ) (9,996 ) (9,733 ) Loss and repair of assets (12,585 ) (1,700 ) (4,342 ) Loss of forest due to fires (17,127 ) (38,133 ) (21,530 ) Other Taxes (20,413 ) (17,666 ) (16,613 ) Research and development expenses (4,432 ) (2,903 ) (3,012 ) Fines, readjustments and interests (6,142 ) (241 ) (864 ) Loss on sale of permanent investments - (431 ) - Loss of tax credits (212 ) (491 ) (1,069 ) Other expenses (9,544 ) (9,318 ) (11,061 ) Classes of Finance Income Total Finance Income 72,116 33,499 29,449 Finance income by mutual funds - term deposits 61,816 30,720 16,099 Finance income resulting from derivatives 39 39 825 Other finance income 10,261 2,740 12,525 Classes of Finance Costs Total Finance Costs (200,366 ) (219,982 ) (268,179 ) Interest expense, Bank borrowings (20,827 ) (20,013 ) (28,869 ) Interest expense, Bonds (114,297 ) (138,334 ) (171,834 ) Interest expense resulting from derivatives (17,774 ) (17,598 ) (30,083 ) Interest expense for right-of-use (9,825 ) (8,042 ) (9,404 ) Other finance costs (37,643 ) (35,995 ) (27,989 ) Share of profit (loss) of associates and joint ventures accounted for Total 33,684 31,386 2,317 Investments in associates 7,069 330 4,821 Investments in joint ventures 26,615 31,056 (2,504 ) |
Disclosure of expenses by nature [text block] | The analysis of expenses by nature contained in these consolidated financial statements is presented below: January - December Cost of sales (*) 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Timber 859,811 773,732 844,548 Forestry labor costs and other services 623,902 554,460 467,595 Depreciation and amortization 408,248 401,672 412,750 Depreciation for right of use 40,539 43,284 57,785 Maintenance costs 319,100 261,143 225,691 Chemical costs 712,331 546,048 444,429 Sawmill costs 117,786 113,592 102,663 Other raw materials 315,078 243,882 212,872 Other indirect costs 169,423 127,751 118,721 Energy and fuel 243,986 201,949 168,782 Cost of electricity 46,902 36,927 32,200 Staff expenses 417,390 377,163 357,248 Total 4,274,496 3,681,603 3,445,284 (*) Total amount is comprised of the cost of inventory sales for ThU.S.$ 4,185,527 as of December 31, 2022 (ThU.S.$ 3,599,930 and ThU.S.$3,381,471 and 2020, respectively and ThU.S.$ 63,813 and 2020, respectively January – December Distribution cost 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Selling costs 37,652 38,467 35,847 Commissions 12,607 14,566 13,846 Insurance 6,813 4,236 3,521 Provision for doubtful accounts (462 ) 758 1,427 Other selling costs 18,694 18,907 17,053 Shipping and freight costs 884,574 644,529 499,857 Port services 69,478 52,132 41,731 Freights 743,590 555,357 414,153 Depreciation for right of use 2,975 2,291 1,664 Other shipping and freight costs (internment, warehousing, stowage, customs and other costs) 68,531 34,749 42,309 Total 922,226 682,996 535,704 January – December Administrative expenses 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Wages and salaries 255,378 248,079 210,708 Marketing, advertising, promotion and publications expenses 15,998 12,601 10,037 Insurances 26,009 23,749 23,297 Depreciation and amortization 33,155 34,771 33,753 Depreciation for right of use 7,103 7,061 8,006 Computer services 40,136 32,614 32,473 Lease of offices, other property and vehicles 5,079 5,264 5,282 Donations, contributions, scholarships 11,510 9,264 14,879 Fees (legal and technical advisors) 39,616 38,124 38,701 Property taxes, city permits and rights 27,385 24,522 19,206 Cleaning services, security services and transportation 30,491 33,336 28,108 Third-party variable services (maneuvers, logistics) 52,455 44,325 36,535 Basic services (electricity, telephone, water) 5,334 4,605 4,686 General and other minor expenses 6,197 14,455 4,102 Maintenance and repair 9,044 8,040 6,448 Seminars, courses, training materials 3,621 2,908 1,906 Travels, clothing and safety equipment, environmental expenses, audits and others 45,097 33,429 32,010 Total 613,608 577,147 510,137 |
INVENTORIES (Tables)
INVENTORIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Inventories [Abstract] | |
Disclosure of detailed information about inventories [Text Block] | 12-31-2022 12-31-2021 Components of inventory ThU.S.$ ThU.S.$ Raw materials 199,174 79,288 Production supplies 209,396 158,382 Work in progress 70,625 51,461 Finished goods 769,558 698,613 Spare parts 221,258 189,154 Total inventories 1,470,011 1,176,898 |
CASH AND CASH EQUIVALENTS (Tabl
CASH AND CASH EQUIVALENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Cash And Cash Equivalents [Abstract] | |
Disclosure of detailed information about cash and cash equivalents [Text Block] | As of the date of these consolidated financial statements, there are no amounts of cash and cash equivalents with restrictions on use. 12-31-2022 12-31-2021 Components of Cash and Cash Equivalents ThU.S.$ ThU.S.$ Cash on hand 64 91 Balances with Banks 298,513 528,985 Short-term deposits 258,566 251,956 Mutual funds 110,064 230,068 Total 667,207 1,011,100 |
Disclosure of detailed information about risk classification of mutual funds investments [Text Block] | The risk classification of the Company’s mutual funds as of December 31, 2022 and 2021 is shown below. 12-31-2022 ThU.S.$ 12-31-2021 ThU.S.$ AAAfm 24,933 134,314 No classification 85,131 95,754 Total Mutual Funds 110,064 230,068 Changes in Financial Liabilities 12-31-2022 Bank Hedging Bonds and Other financial ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance January 1 991,956 296,316 4,426,033 5,714,305 Cash flows 318,357 - - 318,357 (-) Borrowings paid (347,459 ) (9,578 ) (40,940 ) (397,977 ) (-) Commissions paid (1,656 ) - - (1,656 ) (-) Interest paid (18,450 ) (37,141 ) (193,737 ) (249,328 ) (+) Accrued interest 22,679 37,039 194,200 253,918 (+/-) Inflation adjustment (29,757 ) - 120,091 90,334 (+/-) Changes in fair value - (209,936 ) - (209,936 ) (+/-) Other non-cash movements 5,007 (14 ) 7,812 12,805 Closing balance 940,677 76,686 4,513,459 5,530,822 12-31-2021 Bank borrowings Hedging liabilities Bonds and promissory notes Other financial ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance January 1 1,274,260 39,660 4,707,944 6,021,864 Cash flows 167,962 - - 167,962 (-) Borrowings paid (405,567 ) (25,316 ) (165,607 ) (596,490 ) (-) Commissions paid (2,328 ) - - (2,328 ) (-) Interest paid (18,084 ) (30,034 ) (204,465 ) (252,583 ) (+) Accrued interest 16,961 29,032 200,843 246,836 (+/-) Inflation adjustment (45,891 ) - (120,785 ) (166,676 ) (+/-) Changes in fair value - 283,261 - 283,261 (+/-) Other non-cash movements 4,643 (287 ) 8,103 12,459 Closing balance 991,956 296,316 4,426,033 5,714,305 Lease liabilities 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Opening balance January 1 163,304 211,755 Cash flows (65,000 ) (67,895 ) (-) Interest paid (9,724 ) (7,811 ) (+) Accrued interest 9,753 8,363 (+/-) Inflation adjustment 839 (13,540 ) (+) Increase due to new leases liabilities 167,370 35,186 (+/-) Other movements (2,318 ) (2,754 ) Closing balance 264,224 163,304 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Income Tax [Abstract] | |
Disclosure of detailed information about deferred tax assets [Text Block] | Deferred Tax Assets The following table sets forth the deferred tax assets as of the dates indicated: 12-31-2022 12-31-2021 Deferred tax assets ThU.S.$ ThU.S.$ Deferred tax assets relating to provisions 8,910 5,730 Deferred tax assets relating to accrued liabilities 8,986 8,257 Deferred tax assets relating to post-employment benefits 25,904 19,738 Deferred tax assets relating to property, plant and equipment 45,919 32,480 Deferred tax assets relating to impairment provision 13,517 8,564 Deferred tax assets relating to financial instruments 53,347 108,910 Deferred tax assets relating to tax loss carryforward 110,526 24,972 Deferred tax assets relating to inventories 20,942 18,793 Deferred tax assets relating to provisions for income 9,941 19,323 Deferred tax assets relating to allowance for doubtful accounts 2,472 4,625 Deferred tax assets relating to intangible revaluation 1,466 2,301 Deferred tax assets relating to tax credits - 8,996 Deferred tax assets relating to other deductible temporary differences 25,777 24,328 Total deferred tax assets 327,707 287,017 Offsetting presentation (318,696 ) (279,380 ) Net effect 9,011 7,637 |
Disclosure of detailed information about deferred tax liabilities [Text Block] | Deferred Tax Liabilities The following table sets forth the deferred tax liabilities as of the dates indicated: 12-31-2022 12-31-2021 Deferred tax liabilities ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 1,415,173 1,281,546 Deferred tax liabilities relating to financial instruments 33,749 25,334 Deferred tax liabilities relating to biological assets 527,988 605,166 Deferred tax liabilities relating to inventory 56,531 46,336 Deferred tax liabilities relating to prepaid expenses 37,760 38,088 Deferred tax liabilities relating to intangible 10,173 12,511 Deferred tax liabilities relating to other taxable temporary differences 23,237 18,204 Total deferred tax liabilities 2,104,611 2,027,185 Offsetting presentation (318,696 ) (279,380 ) Net effect 1,785,915 1,747,805 |
Disclosure of reconciliation of deferred tax assets and liabilities [Text Block] | Reconciliation of deferred tax assets and liabilities Opening balance Deferred tax Deferred tax of Increase Closing balance Deferred tax assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax Assets relating to provisions 5,730 3,051 - 129 8,910 Deferred tax Assets relating to accrued liabilities 8,257 716 - 13 8,986 Deferred tax Assets relating to post-employment benefits 19,738 745 5,403 18 25,904 Deferred tax Assets relating to property, plant and equipment 32,480 13,439 - - 45,919 Deferred tax Assets relating to impairment provision 8,564 4,664 - 289 13,517 Deferred tax Assets relating to financial instruments 108,910 (8,024 ) (47,883 ) 344 53,347 Deferred tax Assets relating to tax loss carryforward 24,972 84,068 - 1,624 110,664 Deferred tax Assets relating to inventories 18,793 2,120 - 29 20,942 Deferred tax Assets relating to provisions for income 19,323 (9,408 ) - 26 9,941 Deferred tax Assets relating to allowance for doubtful accounts 4,625 (2,155 ) - 2 2,472 Deferred tax Assets relating to intangible revaluation 2,301 (1,013 ) - 178 1,466 Deferred tax Assets relating to tax credits 8,996 (8,996 ) - - - Deferred tax Assets relating to other deductible temporary differences 24,328 509 - 802 25,639 Total deferred tax assets 287,017 79,716 (42,480 ) 3,454 327,707 Opening balance 01-01-2021 Deferred tax expenses Deferred tax of c Increase (decrease) net exchange differences Closing balance Deferred tax liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 1,281,546 130,377 - 3,250 1,415,173 Deferred tax liabilities relating to financial instruments 25,334 5,712 2,704 (1 ) 33,749 Deferred tax liabilities relating to biological assets 605,166 (80,917 ) - 3,739 527,988 Deferred tax liabilities relating to inventory 46,336 10,272 - (77 ) 56,531 Deferred tax liabilities relating to prepaid expenses 38,088 (337 ) - 9 37,760 Deferred tax liabilities relating to intangible 12,511 (2,648 ) - 310 10,173 Deferred tax liabilities relating to other taxable temporary differences 18,204 4,520 - 513 23,237 Total deferred tax liabilities 2,027,185 66,979 2,704 7,743 2,104,611 Opening Deferred tax Deferred tax of Decrease Increase Closing Deferred tax assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax assets relating to provisions 5,042 745 - - (57 ) 5,730 Deferred tax assets relating to accrued liabilities 8,107 179 - (24 ) (5 ) 8,257 Deferred tax assets relating to post-employment benefits 22,026 (2,667 ) 438 (56 ) (3 ) 19,738 Deferred tax assets relating to property, plant and equipment 24,397 8,083 - - - 32,480 Deferred tax assets relating to impairment provision 14,193 (5,193 ) - - (436 ) 8,564 Deferred tax assets relating to financial instruments 79,765 (1,572 ) 31,062 - (345 ) 108,910 Deferred tax assets relating to tax loss carryforward 126,405 (99,915 ) - (207 ) (1,311 ) 24,972 Deferred tax assets relating to inventories 7,964 10,854 - - (25 ) 18,793 Deferred tax assets relating to provisions for income 7,905 11,427 - - (9 ) 19,323 Deferred tax assets relating to allowance for doubtful accounts 2,427 2,213 - - (15 ) 4,625 Deferred tax assets relating to intangible revaluation 3,713 (1,207 ) - - (205 ) 2,301 Deferred tax assets relating to tax credits 20,898 (11,902 ) - - - 8,996 Deferred tax assets relating to other deductible temporary differences 20,018 4,823 - 4 (517 ) 24,328 Total deferred tax assets 342,860 (84,132 ) 31,500 (283 ) (2,928 ) 287,017 Opening Deferred tax Deferred tax of Decrease Increase e Closing balance Deferred tax liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 1,020,282 264,397 - (121 ) (3,012 ) 1,281,546 Deferred tax liabilities relating to financial instruments 26,755 (2,030 ) 609 - - 25,334 Deferred tax liabilities relating to biological assets 644,348 (31,706 ) - (2,946 ) (4,530 ) 605,166 Deferred tax liabilities relating to inventory 32,567 15,131 - (1,395 ) 33 46,336 Deferred tax liabilities relating to prepaid expenses 42,319 (4,227 ) - - (4 ) 38,088 Deferred tax liabilities relating to intangible 14,826 (1,908 ) - - (407 ) 12,511 Deferred tax liabilities relating to other taxable temporary differences 19,608 (1,173 ) - (179 ) (52 ) 18,204 Total deferred tax liabilities 1,800,705 238,484 609 (4,641 ) (7,972 ) 2,027,185 Opening b Deferred tax i e Deferred tax of items charged Increase (decrease) n Closing balance Deferred tax assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax assets relating to provisions 5,749 (267 ) - (440 ) 5,042 Deferred tax assets relating to accrued liabilities 7,182 937 - (12 ) 8,107 Deferred tax assets relating to post-employment benefits 20,378 1,598 68 (18 ) 22,026 Deferred tax assets relating to property, plant and equipment 16,609 7,788 - - 24,397 Deferred tax assets relating to impairment provision 20,169 (4,598 ) - (1,378 ) 14,193 Deferred tax assets relating to financial instruments 68,390 (1,641 ) 13,685 (669 ) 79,765 Deferred tax assets relating to tax loss carryforward 133,221 2,605 - (9,421 ) 126,405 Deferred tax assets relating to inventories 12,460 (4,363 ) - (133 ) 7,964 Deferred tax assets relating to provisions for income 6,631 1,295 - (21 ) 7,905 Deferred tax assets relating to allowance for doubtful accounts 4,349 (1,545 ) - (377 ) 2,427 Deferred tax assets relating to intangible revaluation 6,044 (1,042 ) - (1,289 ) 3,713 Deferred tax assets relating to tax credits 19,460 1,438 - - 20,898 Deferred tax assets relating to other deductible temporary differences 16,161 5,096 - (1,239 ) 20,018 Total deferred tax assets 336,803 7,301 13,753 (14,997 ) 342,860 Opening b 01-01-2020 Deferred tax i e Deferred tax of items charged to other comprehensive income Increase (decrease) n Closing balance 12-31-2020 Deferred tax liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax liabilities relating to property, plant and equipment 900,415 128,933 - (9,066 ) 1,020,282 Deferred tax liabilities relating to financial instruments 25,630 986 139 - 26,755 Deferred tax liabilities relating to biological assets 642,221 20,239 - (18,112 ) 644,348 Deferred tax liabilities relating to inventory 38,251 (5,711 ) - 27 32,567 Deferred tax liabilities relating to prepaid expenses 41,338 989 - (8 ) 42,319 Deferred tax liabilities relating to intangible 17,942 (1,118 ) - (1,998 ) 14,826 Deferred tax liabilities relating to other taxable temporary differences 25,126 (2,846 ) - (2,672 ) 19,608 Total deferred tax liabilities 1,690,923 141,472 139 (31,829 ) 1,800,705 |
Disclosure of temporary difference, unused tax losses and unused tax credits [text block] | The following tables summarize the deductible and taxable temporary differences: Detail of classes of deferred tax temporary differences 12-31-2022 12-31-2021 Deductible difference ThU.S.$ Taxable difference ThU.S.$ Deductible difference ThU.S.$ Taxable difference ThU.S.$ Deferred tax assets 217,181 - 262,045 - Deferred tax assets - tax loss carryforward 110,526 - 24,972 - Deferred tax liabilities - 2,104,611 - 2,027,185 Total 327,707 2,104,611 287,017 2,027,185 January - December Detail of temporary difference income and loss amounts 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Deferred tax assets (4,214 ) 15,783 4,696 Deferred tax assets - tax loss carryforward 83,930 (99,915 ) 2,605 Deferred tax liabilities (66,979 ) (238,484 ) (141,472 ) Total 12,737 (322,616 ) (134,171 ) |
Disclosure of detailed information about income tax expense [Text Block] | Income Tax Expense Income tax expense consists of the following: January – December Income tax composition 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Current income tax expense (350,143 ) (254,186 ) (80,501 ) Tax benefit arising from tax credit used to reduce current tax expense 126,545 176,226 175,832 Prior period current income tax adjustments 4,716 (2,036 ) 653 Other current benefit tax (expenses) 64,024 (302 ) (3,661 ) Current tax expense, net (154,858 ) (80,298 ) 92,323 Deferred tax expense relating to origination and reversal of temporary differences (71,331 ) (222,701 ) (136,776 ) Tax benefit arising from tax credits used to reduce deferred tax expense 84,068 (99,915 ) 2,605 Total deferred tax benefit (expense), net 12,737 (322,616 ) (134,171 ) Total income tax benefit (expense) (142,121 ) (402,914 ) (41,848 ) |
Disclosure of income tax expenses by geographical area wise [Text Block] | The following table presents the current income tax expense detailed by foreign and domestic (Chile) companies at December 31, 2022, 2021 and 2020: January – December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Foreign current income tax expense (96,745 ) (113,821 ) (1,568 ) Domestic current income tax expense (58,113 ) 33,523 93,891 Total current income tax expense (154,858 ) (80,298 ) 92,323 Foreign deferred tax benefit (expense) 64,462 (59,995 ) (21,908 ) Domestic deferred tax benefit (expense) (51,725 ) (262,621 ) (112,263 ) Total deferred tax benefit (expense) 12,737 (322,616 ) (134,171 ) Total income tax benefit (expense) (142,121 ) (402,914 ) (41,848 ) |
Disclosure of detailed information about reconciliation of income tax expense [Text Block] | Reconciliation of income tax expense from statutory tax rate to the effective tax rate. The reconciliation of income tax expense is as follows: January – December 2022 2021 2020 Reconciliation of income tax from statutory rate to effective tax rate ThU.S.$ ThU.S.$ ThU.S.$ Statutory domestic (Chile) income tax rate 27.0 % 27.0 % 27.0 % Tax expense at statutory tax rate (228,514 ) (387,319 ) (18,131 ) Tax effect of foreign tax rates 8,853 (9,984 ) (4,201 ) Tax effect of income 80,229 62,879 5,821 Tax effect of not deductible expenses (40,149 ) (29,050 ) (35,113 ) Tax rate effect of previously unrecognized tax loss 81 - 11,628 Tax effect of a new evaluation of deferred tax assets 1,557 13,345 826 Tax effect of change in tax rates - (46,215 ) - Tax effect of tax provided in excess in prior periods 4,716 (2,036 ) 653 Other tax rate effects (*) 31,106 (4,534 ) (3,331 ) Total adjustments to tax expense at applicable tax rate 86,393 (15,595 ) (23,717 ) Tax benefit (expense) at effective tax rate (142,121 ) (402,914 ) (41,848 ) (*) This line includes mainly the tax effect generated by exchange differences on translation of tax bases. |
Summary Of Detailed Information In Current Tax Assets And Liabilities | Current tax assets and liabilities The current tax assets and liabilities balances are as follow: Current tax assets 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Monthly Provisional Payments (MPP) 21,974 800 Income tax receivable 181,705 218,298 Provision tax income (25,341 ) (22,727 ) Other tax receivables 25,384 36,694 Total 203,722 233,065 Current tax liabilities 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Provision tax income (First category) 256,164 216,484 Monthly Provisional Payments (MPP) (231,846 ) (91,361 ) Other tax payables 2,551 2,858 Total 26,869 127,981 |
PROPERTY, PLANT AND EQUIPMENT (
PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Statement [Line Items] | |
Disclosure of detailed information about property, plant and equipment [text block] | Property, Plant and Equipment 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Property, plant and equipment, net Construction work in progress 3,592,689 2,822,874 Land 893,237 888,465 Buildings 2,085,868 2,165,318 Plant and equipment 2,760,925 2,915,611 Information technology equipment 22,642 23,516 Fixtures and fittings 11,017 13,563 Motor vehicles 45,927 13,678 Other property, plant and equipment 130,030 112,641 Total net 9,542,335 8,955,666 Property, plant and equipment, gross Construction work in progress 3,592,689 2,822,874 Land 893,237 888,465 Buildings 4,510,660 4,463,660 Plant and equipment 7,220,981 7,079,150 Information technology equipment 108,645 104,522 Fixtures and fittings 49,861 49,302 Motor vehicles 98,126 59,351 Other property, plant and equipment 147,277 129,669 Total gross 16,621,476 15,596,993 Accumulated depreciation and impairment Buildings (2,424,792 ) (2,298,342 ) Plant and equipment (4,460,056 ) (4,163,539 ) Information technology equipment (86,003 ) (81,006 ) Fixtures and fittings (38,844 ) (35,739 ) Motor vehicles (52,199 ) (45,673 ) Other property, plant and equipment (17,247 ) (17,028 ) Total (7,079,141 ) (6,641,327 ) The following tables set forth the reconciliation of the carrying amount of property, plant and and 2021: Reconciliation of Property, Plant and Equipment Construction work in progress Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 01-01-2022 2,822,874 888,465 2,165,318 2,915,611 23,516 13,563 13,678 112,641 8,955,666 Changes Additions 1,076,619 2,003 13,230 26,102 815 808 462 18,115 1,138,154 Disposals (18 ) (9,747 ) (1,571 ) (2,788 ) (221 ) (273 ) (62 ) (17 ) (14,697 ) Withdrawals (2,573 ) (391 ) (569 ) (5,319 ) (286 ) (15 ) (80 ) (351 ) (9,584 ) Depreciation - - (132,521 ) (305,572 ) (6,326 ) (3,071 ) (4,477 ) (1,144 ) (453,111 ) Impairment loss recognized in profit or loss - - (25,611 ) (118,026 ) 4 (521 ) - - (144,154 ) Increase (decrease) through net exchange differences 53 11,769 10,308 36,234 143 82 503 646 59,738 Reclassification of assets held for sale - 347 68 (437 ) - - - - (22 ) Increase (decrease) through transfers from construction in progress (304,266 ) 791 57,216 210,682 4,997 444 29,996 140 - Reclassification from lease to property, plant and equipment - - - 4,438 - - 5,907 - 10,345 Total changes 769,815 4,772 (79,450 ) (154,686 ) (874 ) (2,546 ) 32,249 17,389 586,669 Closing balance 12-31-2022 3,592,689 893,237 2,085,868 2,760,925 22,642 11,017 45,927 130,030 9,542,335 Reconciliation of Property, Plant and Equipment Construction work in progress Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other Property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening Balance 01-01-2021 1,944,578 930,372 2,248,784 3,026,136 26,166 16,627 15,055 117,586 8,325,304 Changes Additions 1,127,150 6,647 8,440 22,372 1,277 566 470 6,234 1,173,156 Disposals (215 ) (25,285 ) (953 ) (10,839 ) (170 ) (4 ) (371 ) (205 ) (38,042 ) Withdrawals (2,105 ) (697 ) (2,572 ) (6,011 ) (42 ) - (31 ) (4,188 ) (15,646 ) Depreciation - - (136,490 ) (288,723 ) (6,424 ) (3,163 ) (3,278 ) (1,065 ) (439,143 ) Impairment loss recognized in profit or loss - - (14,669 ) (95 ) (454 ) (9 ) (95 ) - (15,322 ) Increase (decrease) through net exchange differences (1,151 ) (7,181 ) (4,359 ) (12,084 ) (80 ) 170 (219 ) (815 ) (25,719 ) Reclassification of assets held for sale - 107 949 206 - - - - 1,262 Increase (decrease) through transfers from construction in progress (245,383 ) 822 66,235 178,611 3,243 (617 ) 1,995 (4,906 ) - Reclassification from lease to Property, plant and equipment - - - 7,251 - - 152 - 7,403 Decrease due to loss of control in subsidiary - (16,320 ) (47 ) (1,213 ) - (7 ) - - (17,587 ) Total changes 878,296 (41,907 ) (83,466 ) (110,525 ) (2,650 ) (3,064 ) (1,377 ) (4,945 ) 630,362 Closing balance 12-31-2021 2,822,874 888,465 2,165,318 2,915,611 23,516 13,563 13,678 112,641 8,955,666 |
Disclosure of commitments related to property, plant and equipment [Text Block] | Disbursements commitments for the acquisition of property, plant and equipment and disbursements for property, plant and equipment under construction. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Amount committed for the acquisition of property, plant and equipment 363,504 347,839 |
Disclosure of depreciation and amortisation expense [text block] | The depreciation expense for the period ending December 31, 2022, 2021 and 2020 is as follows: January-December 2022 2021 2020 Depreciation for the year ThU.S.$ ThU.S.$ ThU.S.$ Cost of sales 408,248 401,672 412,750 Administrative expenses 18,413 19,228 18,192 Other expenses 15,009 681 2,054 Total 441,670 421,581 432,996 |
Disclosure of useful lives of property, plant and equipment [text Block] | The useful lives of property, plant and equipment are estimated based on the expected use of the assets. The average useful lives by asset class are as follow: Years of Useful Life (Average) Buildings 58 Plant and equipment 30 Information technology equipment 8 Fixtures and fittings 28 Motor vehicles 7 Other property, plant and equipment 14 |
LEASES (Tables)
LEASES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Leases [Abstract] | |
Disclosure of quantitative information about right-of-use assets [text block] | Right of use assets 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Property, Plant and Equipment by right of use, Net Land 195,290 72,384 Buildings 16,731 20,682 Plant and equipment 66,709 17,198 Information technology equipment 157 224 Fixtures and fittings - 218 Motor vehicles 24,437 55,093 Other property, plant and equipment 3,163 14,307 Total Net 306,487 180,106 Property, Plant and Equipment by right of use, Gross Land 230,231 94,283 Buildings 32,610 32,625 Plant and equipment 86,870 31,235 Information technology equipment 630 652 Fixtures and fittings - 1,512 Motor vehicles 175,261 168,682 Other property, plant and equipment 3,723 20,142 Total Gross 529,325 349,131 Accumulated depreciation and impairment by right of use Land (34,941 ) (21,899 ) Buildings (15,879 ) (11,943 ) Plant and equipment (20,161 ) (14,037 ) Information technology equipment (473 ) (428 ) Fixtures and fittings - (1,294 ) Motor vehicles (150,824 ) (113,589 ) Other property, plant and equipment (560 ) (5,835 ) Total (222,838 ) (169,025 ) |
Disclosure of detailed information about reconciliation of the carrying amount of property plant and equipment explanatory [text block] | The following tables set forth the reconciliation of the carrying amount of property, plant and equipment by right of use and 2021: Reconciliation of property, plant and equipment by right of use Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 01-01-2022 72,384 20,682 17,198 224 218 55,093 14,307 180,106 Changes Additions 135,407 2,531 56,720 148 - 7,827 305 202,938 Withdrawals - (1,101 ) (15 ) - (203 ) (4 ) - (1,323 ) Depreciation (12,660 ) (5,400 ) (7,174 ) (229 ) (15 ) (38,596 ) (1,334 ) (65,408 ) Increase (decrease) through net exchange differences 159 22 8 14 - 117 - 320 Reclassification from lease to Property, plant and equipment - - - - - - (10,346 ) (10,346 ) Increase (decrease) through others - (3 ) (28 ) - - - 231 200 Total changes 122,906 (3,951 ) 49,511 (67 ) (218 ) (30,656 ) (11,144 ) 126,381 Closing balance 12-31-2022 195,290 16,731 66,709 157 - 24,437 3,163 306,487 Reconciliation of Property, Plant and Equipment by right of use Land Buildings Plant and equipment IT equipment Fixtures and fittings Motor vehicles Other Property, plant and equipment Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening Balance 01-01-2021 60,761 19,954 24,035 380 698 92,951 20,355 219,134 Changes Additions 21,391 11,557 1,617 127 - 495 - 35,187 Withdrawals (16 ) (2,976 ) - - - (226 ) (98 ) (3,316 ) Depreciation (9,108 ) (5,386 ) (7,315 ) (255 ) (356 ) (38,090 ) (2,071 ) (62,581 ) Revaluation - (7 ) - - (31 ) - (38 ) Increase (decrease) through net exchange differences (644 ) (6 ) (275 ) (6 ) - 21 - (910 ) Reclassification from lease to Property, plant and equipment - - - - - - (7,403 ) (7,403 ) Increase (decrease) through others - (2,454 ) (864 ) (22 ) (124 ) (27 ) 3,524 33 Total changes 11,623 728 (6,837 ) (156 ) (480 ) (37,858 ) (6,048 ) (39,028 ) Closing balance 12-31-2022 72,384 20,682 17,198 224 218 55,093 14,307 180,106 |
Disclosure of depreciation expense of property plant and equipment explanatory [text block] | The depreciation expense for the period ending December 31, 2022 and 2021 recognised in Property, Plant and Equipment by right of use is as follows: January - December 2022 2021 2020 Depreciation for the period ThU.S.$ ThU.S.$ ThU.S.$ Cost of sales 40,539 43,284 57,785 Distribution costs 2,975 2,291 1,664 Administrative expenses 7,103 7,061 8,006 Total 50,617 52,636 67,455 |
Disclosure of maturity analysis of finance lease payments receivable [text block] | Reconciliation of financial lease minimum payments: 12-31-2022 Periods Gross ThU.S.$ Interest ThU.S.$ Present Value ThU.S.$ Less than one year 5,067 - 5,067 Between one and five years 25,750 1,882 23,868 More than five years - - - Total 30,817 1,882 28,935 12-31-2021 Periods Gross ThU.S.$ Interest ThU.S.$ Present Value ThU.S.$ Less than one year 27 - 27 Between one and five years - - - More than five years - - - Total 27 - 27 |
Summary Of Leases Excluded From Right Of Use Assets | Additionally, Arauco has recognized directly in the consolidated statement of profit or loss, the following leases excluded from right of use assets: January – December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Expenses from payments of variable leases 208,812 141,775 142,064 Expenses from low value leases 6,696 3,051 3,758 Expenses from short-term leases 34,857 21,993 28,120 Total 250,365 166,819 173,942 |
REVENUE (Tables)
REVENUE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Revenue [Abstract] | |
Disclosure of detailed information about revenue [Text Block] | January – December Classes of revenue 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Revenue from sales of goods 6,997,617 6,251,442 4,662,312 Revenue from rendering of services 104,453 98,319 70,557 Total 7,102,070 6,349,761 4,732,869 |
EMPLOYEE BENEFITS (Tables)
EMPLOYEE BENEFITS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Employee Benefits [Abstract] | |
Disclosure of detailed information about employee benefits expenses [Text Block] | Classes of Benefits and Expenses by Employee 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Employee expenses 718,990 670,616 598,070 Wages and salaries 697,833 651,371 577,634 Severance indemnities 21,157 19,245 20,436 |
Disclosure of defined benefit plans [text block] | 2022 2021 2020 Discount rate 3.02 % 2.56 % 1.81 % Inflation 3.20 % 3.20 % 3.00 % Annual rate of wage growth 5.22 % 5.22 % 5.22 % Mortality rate RV-2014 RV-2014 RV-2014 |
Disclosure of sensitivity analysis for actuarial assumptions [text block] | Sensitivities to assumptions 2022 ThU.S.$ Discount rate Increase in 100 bps (7,332 ) Decrease in 100 bps 8,156 Wage growth rates Increase in 100 bps 6,688 Decrease in 100 bps (5,387 ) |
Disclosure of net defined benefit liability (asset) [text block] | The following tables set forth the balances and the reconciliation of the present value of severance 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Current 7,571 4,593 Non-current 87,689 67,967 Total 95,260 72,560 Reconciliation of the present value of severance indemnities obligations 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Opening balance 72,560 81,395 Current service cost 6,832 4,064 Interest cost 3,673 3,271 (Gains) losses from changes in actuarial assumptions 727 (5,784 ) Actuarial gains and losses arising from experience 19,285 7,409 Benefits paid (7,561 ) (3,936 ) Decrease due to sale of subsidiary - (393 ) Increase (decrease) for foreign currency exchange rates changes (256 ) (13,466 ) Closing balance 95,260 72,560 The average staffing as of December 31, 2022 was 19,043 people. |
BALANCES IN FOREIGN CURRENCY _2
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS. (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of EffectOf ChangesIn Foreign Exchange Rates Explanatory [Abstract] | |
Disclosure of detailed information about assets in foreign currencies [Text Block] | December 31, 2022 U.S dollar Euros Brazilian real Argentine pesos Mexican pesos Other currencies Chilean pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Assets Current assets Cash and cash equivalents 395,254 4,884 103,829 97,859 28,564 26,793 10,024 - 667,207 Other current financial assets 15,350 - - - - - - - 15,350 Other current non-financial assets 18,727 115 17,745 5,333 2,979 7,406 153,754 - 206,059 Trade and other current receivables 614,204 36,425 50,646 38,000 33,089 1,972 97,616 6,056 878,008 Accounts receivable due from related companies - - - - - - 2,850 - 2,850 Current Inventories 1,298,649 - 130,707 - 39,353 - 1,302 - 1,470,011 Current biological assets 264,858 - 65,577 - - - - - 330,435 Current tax assets 174,287 - 8,333 10,296 9,495 1,137 174 - 203,722 Non-current assets or disposal groups classified as held for sale 2,781,329 41,424 376,837 151,488 113,480 37,308 265,720 6,056 3,773,642 Non-current assets or disposal groups classified as held for sale 1,215 - 15 - 49 - - - 1,279 Total current assets 2,782,544 41,424 376,852 151,488 113,529 37,308 265,720 6,056 3,774,921 Non-current assets Other non-current financial assets 63,321 - - - - - - - 63,321 Other non-current non-financial assets 2,980 - 16,022 97 742 8 72,665 - 92,514 Trade and other non-current receivables 5,880 - - - - - 3,434 23,360 32,674 Investments accounted for using equity method 87,826 203,443 36,489 - - - 37,913 - 365,671 Intangible assets other than goodwill 71,141 - 1,940 - 358 - - - 73,439 Goodwill 41,408 - 13,392 - - - - - 54,800 Property, plant and equipment 9,024,490 - 389,522 - 127,120 - 1,203 - 9,542,335 Right of use assets 161,087 - 144,626 - 774 - - - 306,487 Non-current biological assets 2,549,796 - 315,139 - - - - - 2,864,935 Deferred tax assets 5,035 - 3,500 - 476 - - - 9,011 Total non-current assets 12,012,964 203,443 920,630 97 129,470 8 115,215 23,360 13,405,187 Total assets 14,795,508 244,867 1,297,482 151,585 242,999 37,316 380,935 29,416 17,180,108 December 31, 2022 U.S Dollar Euros Brazilian Real Argentine Pesos Mexican Pesos Other currencies Chilean Pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Liabilities Current liabilities Other current financial liabilities 252,091 69,139 2,810 17 - - - 51,394 375,451 Current lease liabilities 10,636 91 10,063 - 1,579 23 10,716 3,676 36,784 Trade and other current payables 234,226 23,277 82,988 54,078 16,791 10,476 351,646 39,356 812,838 Accounts payable to related companies 202 - - - - - 14,078 - 14,280 Other short-term provisions 7,934 - 264 - - - - 1,315 9,513 Current tax liabilities 19,482 5,123 1,512 - 752 - - - 26,869 Current provisions for employee benefits - - - - - - 7,571 - 7,571 Other current non-financial liabilities 192,359 51 33,011 5,120 4,828 16 7,593 - 242,978 Total liabilities, current 716,930 97,681 130,648 59,215 23,950 10,515 391,604 95,741 1,526,284 Non-current liabilities Other non-current financial liabilities 3,637,416 386,186 67,080 - - - - 1,064,689 5,155,371 Non-current lease liabilities 120,656 110 91,206 - 1,659 - 549 13,260 227,440 Other non-current payables - - 2,462 - - - 17,654 - 20,116 Non-current accounts payable to related companies - - - - - - 6,731 - 6,731 Other long-term provisions 1,677 - 12,512 26,517 - - - - 40,706 Deferred tax liabilities 1,681,957 - 97,822 - 6,136 - - - 1,785,915 Non-current provisions for employee benefits - - - - 957 - 86,732 - 87,689 Other non-current non-financial liabilities - - 69,849 10 - - 13 - 69,872 Total non-current liabilities 5,441,706 386,296 340,931 26,527 8,752 - 111,679 1,077,949 7,393,840 Total liabilities 6,158,636 483,977 471,579 85,742 32,702 10,515 503,283 1,173,690 8,920,124 December 31, 2021 U.S. dollar Euros Brazilian real Argentine pesos Mexican pesos Other currencies Chilean pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Assets Current assets Cash and cash equivalents 703,232 5,755 160,896 112,234 20,467 4,311 4,205 - 1,011,100 Other current financial assets 5,865 - - - - - - - 5,865 Other current non-financial assets 25,774 166 18,209 5,900 3,717 6,165 107,959 - 167,890 Trade and other current receivables 789,236 21,884 39,142 22,721 31,288 5,023 70,127 502 979,923 Accounts receivable due from related companies - - - - - - 5,559 - 5,559 Current inventories 1,052,147 - 89,521 - 32,947 - 2,283 - 1,176,898 Current biological assets 269,769 - 59,817 - - - - - 329,586 Current tax assets 228,270 - 3,047 - 452 1,288 8 - 233,065 Non-current assets or disposal groups classified as held for sale 3,074,293 27,805 370,632 140,855 88,871 16,787 190,141 502 3,909,886 Non-current assets or disposal groups classified as held for sale 14,098 - 14 - 46 - - - 14,158 Total current assets 3,088,391 27,805 370,646 140,855 88,917 16,787 190,141 502 3,924,044 Non-current assets Other non-current financial assets 10,525 - - - - - - - 10,525 Other non-current non-financial assets 1,639 - 12,244 56 740 8 73,862 - 88,549 Trade and other non-current receivables 11,806 - - - - - 2,492 40 14,338 Investments accounted for using equity method 78,216 203,505 26,823 - - - 28,098 - 336,642 Intangible assets other than goodwill 82,370 - 1,675 - 165 - - - 84,210 Goodwill 41,534 - 16,163 - - - - - 57,697 Property, plant and equipment 8,489,503 - 340,314 - 124,984 - 865 - 8,955,666 Right of use assets 150,220 - 29,886 - - - - - 180,106 Non-current biological assets 2,782,660 - 226,237 - - - - - 3,008,897 Deferred tax assets 3,968 - 2,768 - 901 - - - 7,637 Total non-current assets 11,652,441 203,505 656,110 56 126,790 8 105,317 40 12,744,267 Total assets 14,740,832 231,310 1,026,756 140,911 215,707 16,795 295,458 542 16,668,311 December 31, 2021 U.S. dollar Euros Brazilian real Argentine pesos Mexican pesos Other currencies Chilean Pesos U.F. Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Liabilities Current liabilities Other current financial liabilities 225,502 66,707 884 133 - - - 46,215 339,441 Current lease liabilities 9,140 107 4,208 - 1,391 63 26,944 7,750 49,603 Trade and other current payables 288,172 13,955 79,653 16,616 27,889 8,761 268,624 34,787 738,457 Accounts payable to related companies 230 - - - - - 2,347 - 2,577 Other short-term provisions 337 - - - - - - - 337 Current tax liabilities 59,319 7,655 4,339 44,856 11,803 - 9 - 127,981 Current provisions for employee benefits - - - - - - 4,593 - 4,593 Other current non-financial liabilities 131,214 73 24,680 4,679 7,195 739 5,074 - 173,654 Total current liabilities 713,914 88,497 113,764 66,284 48,278 9,563 307,591 88,752 1,436,643 Non-current liabilities Other non-current financial liabilities 3,917,343 442,833 26,880 - - - - 987,808 5,374,864 Non-current lease liabilities 69,905 159 17,694 - 2,377 107 11,334 12,125 113,701 Non-current payables - - 2,272 - - - - - 2,272 Other long-term provisions - - 3,489 26,060 - - - - 29,549 Deferred tax liabilities 1,664,506 - 77,637 - 5,662 - - - 1,747,805 Non-current provisions for employee benefits - - - - 842 - 67,125 - 67,967 Other non-current non-financial liabilities - - 76,982 14 - - 10 - 77,006 Total non-current liabilities 5,651,754 442,992 204,954 26,074 8,881 107 78,469 999,933 7,413,164 Total liabilities 6,365,668 531,489 318,718 92,358 57,159 9,670 386,060 1,088,685 8,849,807 |
Disclosure of detailed information about liabilities in foreign currencies [Text Block] | 12-31-2022 12-31-2021 Up to 90 days From 91 days to 1 year Total Up to 90 days From 91 days to 1 year Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Total current liabilities 1,241,515 284,769 1,526,284 1,111,151 325,492 1,436,643 Other current financial liabilities 141,110 234,341 375,451 59,007 280,434 339,441 U.S. dollar 138,283 113,808 252,091 58,794 166,708 225,502 Euros - 69,139 69,139 - 66,707 66,707 Brazilian real 2,810 - 2,810 80 804 884 Argentine pesos 17 - 17 133 - 133 U.F. - 51,394 51,394 - 46,215 46,215 Bank borrowings 109,889 167,905 277,794 29,658 219,177 248,835 U.S. dollar 107,079 98,766 205,845 29,578 151,666 181,244 Euros - 69,139 69,139 - 66,707 66,707 Brazilian real 2,810 - 2,810 80 804 884 Other borrowings 31,221 66,436 97,657 29,349 61,257 90,606 U.S. dollar 31,204 15,042 46,246 29,216 15,042 44,258 Argentine pesos 17 - 17 133 - 133 U.F. - 51,394 51,394 - 46,215 46,215 Current lease liabilities 11,339 25,445 36,784 13,204 36,399 49,603 U.S. dollar 2,799 7,837 10,636 2,418 6,722 9,140 Euros 24 67 91 40 67 107 Brazilian real 2,240 7,823 10,063 1,111 3,097 4,208 Mexican pesos 457 1,122 1,579 337 1,054 1,391 Other currencies 2 21 23 22 41 63 Chilean pesos 4,264 6,452 10,716 6,768 20,176 26,944 U.F. 1,553 2,123 3,676 2,508 5,242 7,750 Trade and other current payables 795,533 17,305 812,838 732,189 6,268 738,457 U.S. dollar 233,932 294 234,226 288,107 65 288,172 Euros 23,271 6 23,277 13,945 10 13,955 Brazilian real 66,586 16,402 82,988 73,635 6,018 79,653 Argentine pesos 54,078 - 54,078 16,616 - 16,616 Mexican pesos 16,188 603 16,791 27,714 175 27,889 Other currencies 10,476 - 10,476 8,761 - 8,761 Chilean pesos 351,646 - 351,646 268,624 - 268,624 U.F. 39,356 - 39,356 34,787 - 34,787 Accounts payable to related companies 14,280 - 14,280 2,577 - 2,577 U.S. dollar 202 - 202 230 - 230 Chilean pesos 14,078 - 14,078 2,347 - 2,347 Other short-term provisions 8,198 1,315 9,513 337 - 337 U.S. dollar 7,934 - 7,934 337 - 337 Brazilian real 264 - 264 - - - U.F. - 1,315 1,315 - - - Current tax liabilities 24,251 2,618 26,869 126,059 1,922 127,981 U.S. dollar 16,864 2,618 19,482 59,207 112 59,319 Euros 5,123 - 5,123 7,655 - 7,655 Brazilian real 1,512 - 1,512 2,529 1,810 4,339 Argentine pesos - - - 44,856 - 44,856 Mexican pesos 752 - 752 11,803 - 11,803 Chilean pesos - - - 9 - 9 Current provisions for employee benefits 6,706 865 7,571 4,124 469 4,593 Chilean pesos 6,706 865 7,571 4,124 469 4,593 Other current non-financial liabilities 240,098 2,880 242,978 173,654 - 173,654 U.S. dollar 192,359 - 192,359 131,214 - 131,214 Euros 51 - 51 73 - 73 Brazilian real 33,011 - 33,011 24,680 - 24,680 Argentine pesos 5,120 - 5,120 4,679 - 4,679 Mexican pesos 4,828 - 4,828 7,195 - 7,195 Other currencies 16 - 16 739 - 739 Chilean pesos 4,713 2,880 7,593 5,074 - 5,074 12-31-2022 12-31-2021 From 13 months to 3 years From 3 years to 5 years More than 5 years Total From 13 months to 3 years From 3 years to 5 years More than 5 years Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Total non-current liabilities 2,392,390 1,104,841 3,896,609 7,393,840 2,342,748 661,414 4,409,002 7,413,164 Other non-current financial liabilities 1,028,450 947,217 3,179,704 5,155,371 1,097,939 582,606 3,694,319 5,374,864 U.S. dollar 782,284 492,898 2,362,234 3,637,416 886,371 180,000 2,850,972 3,917,343 Euros 126,793 129,736 129,657 386,186 124,640 127,324 190,869 442,833 Brazilian real 31,943 35,137 - 67,080 8,960 17,920 - 26,880 U.F. 87,430 289,446 687,813 1,064,689 77,968 257,362 652,478 987,808 Bank borrowings 368,353 164,873 129,657 662,883 227,008 325,244 190,869 743,121 U.S. dollar 209,617 - - 209,617 93,408 180,000 - 273,408 Euros 126,793 129,736 129,657 386,186 124,640 127,324 190,869 442,833 Brazilian real 31,943 35,137 - 67,080 8,960 17,920 - 26,880 Other borrowings 660,097 782,344 3,050,047 4,492,488 870,931 257,362 3,503,450 4,631,743 U.S. dollar 572,667 492,898 2,362,234 3,427,799 792,963 - 2,850,972 3,643,935 U.F. 87,430 289,446 687,813 1,064,689 77,968 257,362 652,478 987,808 Non-current lease liabilities 45,904 38,906 142,630 227,440 44,459 26,083 43,159 113,701 U.S. dollar 21,562 17,653 81,441 120,656 18,691 13,708 37,506 69,905 Euros 109 1 - 110 156 3 - 159 Brazilian real 17,335 16,375 57,496 91,206 7,288 7,688 2,718 17,694 Mexican pesos 1,646 13 - 1,659 2,338 39 - 2,377 Other currencies - - - - 107 - - 107 Chilean pesos 197 352 - 549 10,875 459 - 11,334 U.F. 5,055 4,512 3,693 13,260 5,004 4,186 2,935 12,125 Non-current payable 2,462 - 17,654 20,116 2,272 - - 2,272 Brazilian real 2,462 - - 2,462 2,272 - - 2,272 Chilean pesos - - 17,654 17,654 - - - - Non- current accounts payable to related companies 3,283 - 3,448 6,731 - - - - Chilean pesos 3,283 - 3,448 6,731 - - - - Other long-term provisions 40,706 - - 40,706 29,549 - - 29,549 U.S. dollar 1,677 - - 1,677 - - - - Brazilian real 12,512 - - 12,512 3,489 - - 3,489 Argentine pesos 26,517 - - 26,517 26,060 - - 26,060 Deferred tax liabilities 1,152,877 94,256 538,782 1,785,915 1,067,067 23,521 657,217 1,747,805 U.S. dollar 1,088,336 92,026 501,595 1,681,957 1,007,289 - 657,217 1,664,506 Brazilian real 58,405 2,230 37,187 97,822 54,116 23,521 - 77,637 Mexican pesos 6,136 - - 6,136 5,662 - - 5,662 Non-current provisions for employee benefits 77,746 9,943 - 87,689 67,951 - 16 67,967 Mexican pesos 957 - - 957 826 - 16 842 Chilean pesos 76,789 9,943 - 86,732 67,125 - - 67,125 Other non-current non-financial liabilities 40,962 14,519 14,391 69,872 33,511 29,204 14,291 77,006 Brazilian real 40,939 14,519 14,391 69,849 33,487 29,204 14,291 76,982 Argentine pesos 10 - - 10 14 - - 14 Chilean pesos 13 - - 13 10 - - 10 |
Disclosure of subsidiaries [text block] | The table below sets forth the subsidiaries that have determined a functional currency other than the U.S. dollar as follows: Subsidiary Country Functional currency Arauco Canada Ltd. Canada Canadian dollar Arauco Celulose do Brasil Brazil Brazilian real Arauco do Brasil S.A. Brazil Brazilian real Arauco Florestal Arapoti S.A. Brazil Brazilian real Arauco Forest Brasil S.A. Brazil Brazilian real Arauco Industria de Mexico, S.A. de C.V. Mexico Mexican pesos Arauco Industria de Paineis S.A. Brazil Brazilian real Arauco Participações Florestais Ltda. Brazil Brazilian real Araucomex Servicios, S.A. de C.V. Mexico Mexican pesos Consorcio Protección Fitosanitaria Forestal S.A. Chile Chilean pesos Empreendimentos Florestais Santa Cruz Ltda. Brazil Brazilian real Leasing Forestal S.A. Argentina Argentine pesos Mahal Empreendimentos e Participações S.A. Brazil Brazilian real Novo Oeste Gestao de Ativos Florestais S.A. Brazil Brazilian real Lemu Earth SpA Chile Chilean pesos |
Disclosure of information per company of the reserve of exchange differences on translation [Text Block] | The table below shows a detail per company of the effect in the period of the reserve of exchange differences on translation: January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Arauco do Brasil S.A. 55,101 (25,371 ) (90,528 ) Arauco Forest Brasil S.A. 17,585 (21,990 ) (84,241 ) Sonae Arauco S.A. (11,508 ) (16,092 ) 15,880 Arauco Florestal Arapoti S.A. 4,582 (4,843 ) (18,015 ) Arauco Industria México S.A. de C.V. 12,057 (3,008 ) (10,052 ) Arauco Canada Ltd. (16,249 ) 357 6,636 Others (3,702 ) (2,928 ) 1,387 Total reserve of exchange differences on translation 57,866 (73,875 ) (178,933 ) |
Disclosure of detailed information about changes in foreign exchange rates [Text Block] | Effect of foreign exchange rates changes January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Exchange differences recognized in profit or loss, except for those arising on financial instruments measured at fair value through profit or loss 18,436 9,022 (26,752 ) Reserve of exchange differences on translation (with non-controlling interests) 57,867 (80,965 ) (183,419 ) |
BORROWING COSTS (Tables)
BORROWING COSTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Borrowing Costs [Abstract] | |
Disclosure of detailed information about borrowing costs [Text Block] | At the date of issuance of these consolidated financial statements, Arauco has capitalized financial interest related to the modernization and expansion of Planta Arauco (MAPA). January - December 2022 2021 ThU.S.$ ThU.S.$ Interest cost capitalized, property, plant and equipment Capitalization rate of interest cost capitalized, property, plant and equipment 4.33 % 4.36 % Amount of the interest cost capitalized, property, plant and equipment 103,629 80,789 |
RELATED PARTIES (Tables)
RELATED PARTIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Related Party [Line Items] | |
Disclosure of interests in subsidiaries [text block] | The table below sets forth information about the Relationship between the Parent Company and its Subsidiaries % Ownership interest % Ownership interest Functional 12-31-2022 12-31-2021 ID N ° Company Name Country Currency Direct Indirect Total Direct Indirect Total 77.630.621-5 Agrícola Ranquillón SpA ( 6 Chile U.S. dollar - 98.58669 98.58669 - - - 77.630.618-5 Agrícola San Carlos SpA ( 6 Chile U.S. dollar - 99.94839 99.94849 - - - 77.630.623-1 Agrícola Santa Emilia SpA ( 6 Chile U.S. dollar - 99.94839 99.94839 - - - 77.630.625-8 Agrícola Santa Isabel SpA ( 6 Chile U.S. dollar - 99.94839 99.94839 - - - 77.630.626-6 Agrícola Siberia SpA ( 6 Chile U.S. dollar - 98.58669 98.58669 - - - 77.630.629-0 Agrícola Trupán SpA ( 6 Chile U.S. dollar - 98.58669 98.58669 - - - - Arauco Argentina S.A. Argentina U.S. dollar 9.97070 90.00940 99.98010 9.97070 90.00928 99.97998 - Arauco Australia Pty Ltd. Australia U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 96.547.510-9 Arauco Bioenergía S.A. Chile U.S. dollar 98.0000 1.99897 99.99897 98.00000 1.99897 99.99897 - Arauco Canada Ltd. Canada Canadian dollar - 99.99911 99.99911 - 99.99898 99.99898 - Arauco Celulose do Brasil S.A. (2) Brazil Brazilian real - 99.99907 99.99907 - - - - Arauco Colombia S.A. Colombia U.S. dollar 1.47783 98.52042 99.99825 1.47780 98.52040 99.99820 - Arauco do Brasil S.A. Brazil Brazilian real 1.06807 98.93105 99.99912 1.06810 98.93089 99.99899 - Arauco Europe Cooperatief U.A. Holanda U.S. dollar 0.52148 99.47751 99.99899 0.52150 99.47748 99.99898 - Arauco Florestal Arapoti S.A. Brazil Brazilian real - 99.99900 99.99900 - 99.99900 99.99900 - Arauco Forest Brasil S.A. Brazil Brazilian real 8.68654 91.31253 99.99907 10.08090 89.91818 99.99908 - Arauco Participações Florestais Ltda. Brazil Brazilian real - 99.99907 99.99907 - 99.99910 99.99910 - Arauco Industria de México, S.A.de C.V. Mexico Mexican pesos - 99.99910 99.99910 - 99.99897 99.99897 - Arauco Industria de Paineis S.A. Brazil Brazilian real - 99.99912 99.99912 - 99.99900 99.99900 - Arauco Middle East DMCC Dubai U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 - Arauco North America, Inc. United States U.S. dollar 0.00010 99.99901 99.99911 0.00010 99.99888 99.99898 - Arauco Perú S.A. Peru U.S. dollar 0.00126 99.99772 99.99898 0.00130 99.99768 99.99898 - Arauco Pulp Limited ( 3 United Kingdom U.S. dollar - 99.99898 99.99898 - - - - Arauco Ventures Limited ( 3 United Kingdom U.S. dollar - 99.99898 99.99898 - - - - Arauco Wood (China) Company Limited China U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 - Arauco Wood Limited. (1) United Kingdom U.S. dollar 12.63126 87.36874 100.00000 - - - - Araucomex S.A. de C.V. Mexico U.S. dollar 0.00050 99.99861 99.99911 0.00050 99.99848 99.99898 - Araucomex Servicios, S.A. de C.V. Mexico Mexican pesos 0.33333 99.66578 99.99911 0.33330 99.66569 99.99899 96.657.900-5 Consorcio Protección Fitosanitaria Forestal S.A. Chile Chilean pesos - 56.82817 56.82817 - 56.44810 56.44801 - Empreendimentos Florestais Santa Cruz Ltda. Brazil Brazilian real - 99.99866 99.99866 - 99.99854 99.99854 85.805.200-9 Forestal Arauco S.A. Chile U.S. dollar 99.94839 - 99.94839 99.94840 - 99.94840 93.838.000-7 Forestal Cholguán S.A. Chile U.S. dollar - 98.58669 98.58669 - 98.58141 98.58141 96.563.550-5 Inversiones Arauco Internacional Ltda. Chile U.S. dollar 98.01862 1.98036 99.99898 98.01860 1.98038 99.99898 79.990.550-7 Investigaciones Forestales Bioforest S.A. Chile U.S. dollar 1.00000 98.94891 99.94891 1.00000 98.94892 99.94892 - Leasing Forestal S.A. Argentina Argentine pesos - 99.98010 99.98010 - 99.98000 99.98000 76.860.724-9 Lemu Earth SpA ( 5 Chile Chilean pesos - 86.61426 86.61426 - 86.61505 86.61505 - Lemu Global Limited ( 4 United Kingdom U.S. dollar - 99.99898 99.99898 - - - - Maderas Arauco Costa Rica S.A. Costa Rica U.S. dollar - 99.99898 99.99898 - 99.99898 99.99898 96.510.970-6 Maderas Arauco S.A. Chile U.S. dollar - 99.99860 99.99860 99.0000 0.99948 99.99948 - Mahal Empreendimentos e Participações S.A. Brazil Brazilian real - 99.99901 99.99901 - 99.99902 99.99902 - Novo Oeste Gestao de Ativos Florestais S.A. Brazil Brazilian real - 99.99907 99.99907 - 99.99904 99.99904 76.375.371-9 Servicios Aéreos Forestales Ltda. Chile U.S. dollar 0.01000 99.98898 99.99898 0.0100 99.98898 99.99898 96.637.330-K Servicios Logísticos Arauco S.A. Chile U.S. dollar 45.00000 54.99923 99.99923 45.0000 54.99972 99.99972 - Woodaffix, LLC. United States U.S. dollar - 99.99911 99.99911 - 99.99911 99.99911 |
Disclosure of information about key management personnel [text block] | Key Management Personnel Compensation and Redundancy Benefits January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Salaries and bonuses 83,266 78,114 66,366 Per diem compensation to members of the Board of Directors 2,432 2,538 2,351 Termination benefits 8,320 2,437 5,049 Total 94,018 83,089 73,766 |
Disclosure of transactions between related parties [text block] | Related Party Receivables, Current 12-31-2022 12-31-2021 Name of related party Tax ID No . Nature of Country Currency Maturity ThU.S.$ ThU.S.$ Forestal Mininco S.A. 91.440.000-7 Common stockholder Chile Chilean pesos 30 days 1 12 Eka Chile S.A. 99.500.140-3 Joint venture Chile Chilean pesos 30 days 2,626 2,510 Colbún S.A. 96.505.760-9 Common stockholder Chile Chilean pesos 30 days 21 72 CMPC Pulp S.A. 96.532.330-9 Common stockholder Chile Chilean pesos - - 651 CMPC Tissue S.A. 96.529.310-8 Common stockholder Chile Chilean pesos - - 383 Fundación Acerca Redes 65.097.218-K Parent company is founder and contributor Chile Chilean pesos 30 days 41 165 Parque Eólico Ovejera Sur SpA. 76.839.949-2 Joint venture Chile Chilean pesos 30 days 100 - E2E S.A. 76.218.856-2 Joint venture Chile Chilean pesos 30 days 60 1,766 EMOAC SpA. 76.208.888-6 Common controlling parent Chile Chilean pesos 30 days 1 - TOTAL 2,850 5,559 Related Party Payables, Current Name of related party Tax ID No . Nature of Country Currency Maturity 12-31-2022 ThU.S.$ 12-31-202 1 ThU.S.$ Copec S.A. 99.520.000-7 Common controlling parent Chile Chilean pesos 30 days 4,474 1,682 Abastible S.A. 91.806.000-6 Common controlling parent Chile Chilean pesos 30 days 189 181 Fundación Educacional Arauco 71.625.000-8 Parent company is founder and contributor Chile Chilean pesos 30 days 780 465 Empresa Nacional de Telecomunicaciones S.A. 92.580.000-7 Common stockholder Chile Chilean pesos 30 days 4 4 Servicios Corporativos Sercor S.A. 96.925.430-1 Associate Chile Chilean pesos - - 12 Compañía Puerto de Coronel S.A. 79.895.330-3 Subsidiary of an associate Chile U.S. dollar 30 days 202 229 Air BP Copec S.A. 96.942.120-8 Joint venture of controlling parent Chile Chilean pesos 30 days 3 3 Sonae Arauco Portugal S.A. - Subsidiary of joint venture Portugal U.S. dollar - - 1 Agrícola San Gerardo SpA 77.017.167-9 Joint venture Chile Chilean pesos 30 days 146 - Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Dic-31-23 8,482 - TOTAL 14,280 2,577 Related Party Payables, Non-Current . Name of related party Tax ID No . Nature of Country Currency Maturity 12-31-2022 ThU.S.$ 12-31-2021 ThU.S.$ Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Dic-31-24 3,283 - Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Dic-31-27 3,448 - TOTAL 6,731 - |
Disclosure of related party transactions related to purchases and sales [text block] | Related Party Transactions Purchases 12-31-2022 12-31-2021 12-31-2020 Name of Related Party Tax ID No. Nature of Country Currency Transaction ThU.S.$ ThU.S.$ ThU.S.$ Abastible S.A. 91.806.000-6 Common controlling parent Chile Chilean pesos Fuel 3,207 2,644 2,113 Copec S.A. 99.520.000-7 Common controlling parent Chile Chilean pesos Fuel and other 92,643 75,166 48,983 Compañía Puerto de Coronel S.A. 79.895.330-3 Subsidiary of the Associate Chile U.S. Dollar Transport, stowage and port services 7,643 8,518 17,506 EKA Chile S.A. 99.500.140-3 Joint Venture Chile Chilean pesos Sodium chlorate 41,540 42,318 38,633 Forestal del Sur S.A. 79.825.060-4 Associate of a subsidiary’s minority shareholder Chile Chilean pesos Wood and chips - 433 4,495 Portaluppi, Guzman y Bezanilla Abogados Ltda. 78.096.080-9 Common director Chile Chilean pesos Legal services 851 778 703 Empresa Nacional de Telecomunicaciones S.A. 92.580.000-7 Common Stockholder Chile Chilean pesos Telephone services 123 214 229 Colbún S.A. 96.505.760-9 Common Stockholder Chile Chilean pesos Electrical Power 834 386 51 Colbún Transmisión S.A. 76.218.856-2 Common Stockholder Chile Chilean pesos Electrical Power 77 514 399 Woodtech S.A. 76.724.000-7 Indirect associate of controlling parent Chile Chilean pesos Wood volumen measurement services 1,012 1,238 1,362 Inversiones Siemel S.A. 94.082.000-6 Common Stockholder Chile Chilean pesos Rentals - 51 279 Elemental S.A. 76.659.730-0 Associate of controlling parent Chile Chilean pesos Services and other purchases 113 93 364 Servicios Corporativos Sercor S.A. 96.925.430-1 Associate Chile Chilean pesos Other purchases 246 222 242 Vía Limpia SpA 79.874.200-0 Common controlling parent Chile Chilean pesos Other purchases 199 199 191 Sales 12-31-2022 12-31-2021 12-31-2020 Name of Related Party Tax ID No. Nature of Country Currency Transaction ThU.S.$ ThU.S.$ ThU.S.$ Colbún S.A. 96.505.760-9 Common Stochholder Chile Chilean pesos Electrical Power 161 256 149 EKA Chile S.A. 99.500.140-3 Joint venture Chile Chilean pesos Electrical Power 23,539 21,891 16,559 Forestal del Sur S.A. 79.825.060-4 Associate of a subsidiary’s minority shareholder Chile Chilean pesos Harvesting services, wood and chips - 7,329 21,146 Fundación Educacional Arauco 71.625.000-8 Parent company is founder and contributor Chile Chilean pesos IT and administrative services 299 139 188 CMPC Pulp S.A. 96.532.330-9 Common Stockholder Chile Chilean pesos Wood and chips 525 9,027 7,849 CMPC Tissue S.A. 96.529.310-8 Common Stockholder Chile Chilean pesos Pulp - 1,127 3,681 Compañía Puerto de Coronel S.A. 79.895.330-3 Subsidiary of an associate Chile U.S. dollar Other sales 453 56 53 E2E S.A. 76.879.577-0 Joint venture Chile Chilean pesos Wood, plywood and boards 246 355 471 EMOAC SPA 76.208.888-6 Indirect subsidiary of controlling parent Chile Chilean pesos Electrical Power 3,272 - - |
Disclosure of related party transactions related to other transactions | Other transactions 12-31-2022 12-31-2021 12-31-2020 Name of related party Tax ID No. Nature of Country Currency Transaction ThU.S.$ ThU.S.$ ThU.S.$ Falcão MS SPE S.A. - Associate Brasil Reales Capital contribution 9,664 - - Agrícola San Gerardo SpA 77.017.167-9 Joint venture Chile Chilean pesos Capital contribution 136 - - Agrícola Fresno SpA 77.470.229-6 Joint venture Chile Chilean pesos Capital contribution 31,998 7,452 - Agrícola El Paque SpA 77.209.739-5 Joint venture Chile Chilean pesos Capital contribution - 1,095 - Parque Eólico Ovejera Sur SpA. 76.839.949-2 Joint venture Chile Chilean pesos Capital contribution 118 123 354 E2E S.A. 76.879.577-0 Joint venture Chile Chilean pesos Capital contribution - 7,759 15,022 E2E S.A. 76.879.577-0 Joint venture Chile U.S. dollar Borrowing 3,546 1,125 41 |
Related parties [member] | |
Disclosure Of Related Party [Line Items] | |
Disclosure of joint operations [text block] | The companies in the table below are classified as joint operations in accordance with IFRS 11. The assets, liabilities, income and expenses are recorded in relation to the Company’s ownership percentage in accordance with accounting standards applicable in each case. Company Name Country Functional currency Eufores S.A. Uruguay U.S. dollar Celulosa y Energía Punta Pereira S.A. Uruguay U.S. dollar Zona Franca Punta Pereira S.A. Uruguay U.S. dollar Forestal Cono Sur S.A. Uruguay U.S. dollar Stora Enso Uruguay S.A. Uruguay U.S. dollar El Esparragal Asociación Agraria de R.L. Uruguay U.S. dollar Ongar S.A. Uruguay U.S. dollar Terminal Logística e Industrial M’Bopicuá S.A. Uruguay U.S. dollar |
INVESTMENTS IN ASSOCIATES (Tabl
INVESTMENTS IN ASSOCIATES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of associates [abstract] | |
Disclosure of associates [text block] | The following tables set forth information about investments in associates. Name Inversiones Puerto Coronel S.A. Country Chile Functional currency U.S. dollar Corporate purpose Investments in movables and real estate, acquisition of companies, securities and investment instruments, investment management and development and/or participation in all kind of businesses and companies related to industrial, shipping, forestry and commercial activities. Ownership interest (%) 50.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 64,000 ThU.S.$ 55,873 Name Servicios Corporativos Sercor S.A. Country Chile Functional currency Chilean pesos Corporate purpose Consulting services related to business management to Boards of Directors and Senior Management of all Arauco’s entities. Ownership interest (%) 20.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 325 ThU.S.$ 220 Name Genómica Forestal S.A. Country Chile Functional currency Chilean pesos Corporate purpose Developing forestry genomics, through the use of biotechnological, molecular and bioinformatics tools with the purpose of strengthening genetic programs so as to improve the competitive position of the Chilean forestry industry for priority tree species. Ownership interest (%) 25.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 6 ThU.S.$ 7 Name Consorcio Tecnológico Bioenercel S.A. Country Chile Functional currency Chilean pesos Corporate purpose Developing of technologies which will promote the development of a biofuels industry in Chile, obtained from lingo-cellulosic materials. The future execution of this sustainable project is financed by the Innova Chile Committee. Ownership interest (%) 20.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 1 ThU.S.$ 1 Name Florestal Vale do Corisco S.A. Country Brazil Functional currency Brazilian real Corporate purpose Management of forestry activities. Ownership interest (%) 49.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 26,910 ThU.S.$ 26,823 Name Falcão MS SPE S.A. Country Brazil Functional currency Brazilian real Corporate purpose Management of land for leases to related parties. Ownership interest (%) 49.0000% 12-31-2022 12-31-2021 Carrying amount accounted for using equity method ThU.S.$ 9,579 ThU.S.$ - |
Disclosure of detailed information about financial information of associates [Text Block] | Summarized Financial Information of Associates 12-31-2022 Assets Inversiones Puerto Serv.Corporativos Florestal Vale Falcão Consorcio Genómica Total ThU.S.$ Current 1 5,677 2,368 413 - 12 8,471 Non-current 129,819 2,273 73,089 19,136 4 52 224,373 Total of associates 129,820 7,950 75,457 19,549 4 64 232,844 Liabilities and Equity Inversiones Puerto Serv.Corporativos Florestal Vale do Falcão Consorcio Genómica Total ThU.S.$ Current 54 4,527 1,066 1 - 7 5,655 Non-current - 1,798 19,475 - 3 28 21,304 Equity 129,766 1,625 54,916 19,548 1 29 205,885 Total of associates 129,820 7,950 75,457 19,549 4 64 232,844 12-31-2022 Income - 4,323 9,741 - - - 14,064 Other income / expenses 9,544 (3,736 ) (5,290 ) (3 ) - - 515 Net profit or loss (continuing operations) of associates 9,544 587 4,451 (3 ) - - 14,579 Other comprehensive income - - - - - - - Comprehensive income 9,544 587 4,451 (3 ) - - 14,579 Dividends received - - 1,511 - - - 1,511 12-31-2021 Assets Inversiones Puerto Coronel Serv.Corporativos Sercor Florestal Vale do Corisco Consorcio Tecnológico Genómica Forestal Total ThU.S.$ Current 1 4,761 4,638 - 12 9,412 Non-current 113,580 2,773 69,602 6 52 186,013 Total 113,581 7,534 74,240 6 64 195,425 Liabilities and Equity Inversiones Puerto Serv.Corporativos FlorestalVale do Consorcio Tecnológico Genómica Forestal Total ThU.S.$ Current 55 4,297 1,292 - 7 5,651 Non-current - 2,138 18,208 4 28 20,378 Equity 113,526 1,099 54,740 2 29 169,396 Total of associates 113,581 7,534 74,240 6 64 195,425 12-31-2021 Income - 4,577 8,892 - - 13,469 Other income / expenses (4,208 ) (4,277 ) (4,047 ) (1 ) (1 ) (12,534 ) Net profit or loss (continuing operations) of associates (4,208 ) 300 4,845 (1 ) (1 ) 935 Other comprehensive income - - - - - - Comprehensive income (4,208 ) 300 4,845 (1 ) (1 ) 935 Dividends received - - 2,695 - - 2,695 |
Disclosure of reconciliation of summarised financial information of associate and joint venture accounted for using equity method to carrying amount of interest in associate and joint venture [Text Block] | Reconciliation of Investment in Associates and Joint Ventures 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Opening balance as of January 1 336,642 316,939 Changes Investment in joint ventures, additions (*) 9,664 - Investment in joint ventures, additions (**) 32,252 16,429 Disposals, investment in associates and joint ventures (***) (1,878 ) (3,197 ) Share of profit (loss) in investment in associates 7,069 330 Share of profit (loss) in investment in joint ventures 26,615 31,056 Dividends received, Investments in associates (35,187 ) (3,288 ) Increase (decrease) in foreign exchange currency on translation of associates and joint ventures (11,779 ) (20,167 ) Other increase (decrease) in investment in associates and joint ventures 2,273 (1,460 ) Total changes 29,029 19,703 Closing balance 365,671 336,642 (*) During the year 2022, Arauco Participações Florestais Ltda. made a capital contribution to Falcão MS SPE S.A., for ThR$ 49,985 that in total is equivalent to ThU.S.$ 9,664 for 49,984,900 shares. (**) During the year 2022, the main movement corresponds to: -Forestal Arauco S.A. made a capital contribution in assets as non-monetary assets to Agrícola Fresno, for ThU.S.$ 31,998 for 6,399,520 shares. During the year 2021, the main movement corresponds to: -Maderas Arauco S.A. made a capital contribution between January and November to E2E S.A., for ThCLP$ 5,925,000 that in total is equivalent to ThU.S.$ 7,759. -Forestal Arauco S.A. made a capital contribution in assets as non-monetary assets to Agrícola Fresno for ThU.S.$ 7,452 in November 2021 for 1,490,400 shares. (***) ThU.S.$ 1,878 equivalent to R$ 9,800,000 corresponding to a capital decrease of Arauco Forest do Brasil S.A. en Florestal Vale Do Corisco S.A. on October 11, 2022. ThU.S.$ 3,197 account for the carrying amount of investment in Unilin Arauco Pisos Ltda., which was sold on January 12, 2021. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Carrying amount of investments in associates accounted for using equity method 100,821 82,924 Carrying amount of investments in joint ventures accounted for using equity method 264,850 253,718 Total investment accounted for using equity method 365,671 336,642 |
INTERESTS IN JOINT ARRANGEMEN_2
INTERESTS IN JOINT ARRANGEMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Joint operations [member] | |
Disclosure of joint operations [line items] | |
Disclosure of joint operations [text block] | The following tables set forth summarized financial information of the more significant interests in joint arrangements, which qualify as joint operations: 12-31-2022 12-31-2021 Celulosa y Energía Punta Pereira S.A. Assets Liabilities Assets Liabilities (Uruguay) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 478,480 114,012 384,960 162,106 Non-current 1,982,237 141,588 2,036,696 210,981 Equity - 2,205,117 - 2,048,569 Total joint arrangement 2,460,717 2,460,717 2,421,656 2,421,656 Investment 1,102,559 1,024,285 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 1,108,952 917,391 Expenses (636,797 ) (575,745 ) Joint arrangement net income (loss) 472,155 341,646 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Forestal Cono Sur S.A. (consolidated) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 30,769 5,894 23,068 2,502 Non-current 158,787 4,119 167,159 10,618 Equity - 179,543 - 177,107 Total joint arrangement 189,556 189,556 190,227 190,227 Investment 89,772 88,554 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 2,870 10,596 Expenses (434 ) (6,935 ) Joint arrangement net income (loss) 2,436 3,661 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Eufores S.A. (consolidated) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 125,027 193,423 133,384 189,643 Non-current 892,452 119,050 892,020 147,006 Equity - 705,006 - 688,755 Total joint arrangement 1,017,479 1,017,479 1,025,404 1,025,404 Investment 352,503 344,378 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 252,524 230,089 Expenses (237,338 ) (202,423 ) Joint arrangement net income (loss) 15,186 27,666 12-31-2022 12-31-2021 Zona Franca Punta Pereira S.A. Assets Liabilities Assets Liabilities (Uruguay) ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 13,824 101,385 6,712 101,698 Non-current 432,769 - 442,624 13,014 Equity - 345,208 - 334,624 Total joint arrangement 446,593 446,593 449,336 449,336 Investment 172,604 167,312 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 20,703 18,235 Expenses (10,120 ) (17,106 ) Joint arrangement net income (loss) 10,583 1,129 |
Joint ventures [member] | |
Disclosure of joint operations [line items] | |
Disclosure of joint ventures [text block] | The following tables set forth summarized financial information of the more significant interests in joint ventures accounted in for equity method and its movements are presented in Note 15: 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Eka Chile S.A. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 17,673 4,821 16,083 4,980 Non-current 39,496 5,347 38,056 4,913 Equity - 47,001 - 44,246 Total joint arrangement 57,169 57,169 54,139 54,139 Investment 23,501 22,123 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 45,335 42,788 Expenses (41,580 ) (40,568 ) Joint arrangement net income (loss) 3,755 2,220 Other comprehensive income - - Comprehensive income 3,755 2,220 Dividends 500 594 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Sonae Arauco S.A. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 320,837 229,330 288,650 334,620 Non-current 668,138 352,759 699,984 247,006 Equity - 406,886 - 407,008 Total joint arrangement 988,975 988,975 988,634 988,634 Net assets 180,896 179,027 Net asset adjustment (goodwill) 22,547 24,477 Investment 203,443 203,504 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 1,241,698 1,153,385 Expenses (1,159,060 ) (1,082,798 ) Joint arrangement net income (loss) 82,638 70,587 Other comprehensive income - - Comprehensive income 82,638 70,587 Dividends 33,176 - 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Agrícola El Paque SpA. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 966 1,360 1,493 201 Non-current 18,914 5,450 15,455 4,162 Equity - 13,070 - 12,585 Total joint arrangement 19,880 19,880 16,948 16,948 Investment 6,534 6,293 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses 379 47 Joint arrangement net income (loss) 379 47 Other comprehensive income - - Comprehensive income 379 47 Dividends - - 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities Parque Eólico Ovejera del Sur SpA. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 100 224 157 86 Non-current 2,885 - 2,298 - Equity - 2,761 - 2,369 Total joint arrangement 2,985 2,985 2,455 2,455 Investment 1,381 1,185 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses (43 ) (21 ) Joint arrangement net income (loss) (43 ) (21 ) Other comprehensive income - - Comprehensive income (43 ) (21 ) Dividends - - 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities E2E S.A. ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 7,361 20,327 8,138 1,094 Non-current 20,914 11,301 28,357 3,078 Equity - (3,353 ) - 32,323 Total joint arrangement 28,275 28,275 36,495 36,495 Investment (1,677 ) 16,162 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income 2,183 743 Expenses (35,759 ) (11,133 ) Joint arrangement net income (loss) (33,576 ) (10,390 ) Other comprehensive income - - Comprehensive income (33,576 ) (10,390 ) Dividends - - Agrícola San Gerardo SpA. 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 844 62 765 61 Non-current 5,661 2,871 4,929 2,125 Equity - 3,572 - 3,508 Total joint arrangement 6,505 6,505 5,694 5,694 Investment 1,786 1,754 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses 109 (52 ) Joint arrangement net income (loss) 109 (52 ) Other comprehensive income - - Comprehensive income 109 (52 ) Dividends - - Agrícola Fresno SpA 12-31-2022 12-31-2021 Assets Liabilities Assets Liabilities ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Current 28,952 1,657 15,663 88 Non-current 58,755 7,232 10,485 2,225 Equity - 78,818 - 23,835 Total joint arrangement 87,707 87,707 26,148 26,148 Investment 39,409 11,918 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Income - - Expenses (33 ) (49 ) Joint arrangement net income (loss) (33 ) (49 ) Other comprehensive income - - Comprehensive income (33 ) (49 ) Dividends - - |
IMPAIRMENT OF ASSETS (Tables)
IMPAIRMENT OF ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
Disclosure of changes in CGU impairment provision [text block] | All impairment provision charges are presented in the consolidated statement of profit or loss under other expenses by function, whose movements are shown below: 12-31-2022 12-31-2021 Changes in CGU s ThU.S.$ ThU.S.$ Opening balance 214,042 218,764 Impairment loss recognized in profit or loss 141,137 21,275 Reversal of impairment loss recognized in profit or loss (9,164 ) (21,858 ) Increase (decrease) in foreign exchange 2,335 (4,139 ) Closing balance 348,350 214,042 |
Disclosure of Provisions for Impairment of property, plant and equipment [Text Block] | Changes in provisions for impairment of property, plant and equipment and spare parts due to technical obsolescence or loss to forest due to fires, are shown below: 12-31-2022 12-31-2021 Changes in impairment provision from impaired assets ThU.S.$ ThU.S.$ Opening balance 11,798 8,088 Impairment loss recognized in profit or loss 13,823 5,649 Reverse of impairment recognized loss in profit or loss (7,691 ) (2,112 ) Increase (decrease) in foreign exchange 155 173 Closing balance 18,085 11,798 |
Disclosure of reconciliation of changes in goodwill [text block] | At the date of these consolidated financial statements, the balance of goodwill is ThU.S.$ 54,800 (ThU.S.$ 57,697 on December 31, 2021), as shown below: 12-31-2022 12-31-2021 Goodwill ThU.S.$ ThU.S.$ Arauco Canada Ltd. (Flakeboard Company Ltd) 40,676 40,802 Arauco do Brasil S.A. (Pien mill) 13,392 16,163 Arauco North America, Inc. (Prime-Line, Inc.) 732 732 Closing balance 54,800 57,697 12-31-2022 12-31-2021 Goodwill movement ThU.S.$ ThU.S.$ Opening balance at January 1 57,697 59,567 Increase (decrease) impairment (3,895 ) - Increase (decrease) due to business combination - (685 ) Increase (decrease) in foreign exchange 998 (1,185 ) Closing balance 54,800 57,697 |
PROVISIONS, CONTINGENT ASSETS_2
PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Provisions Contingent Liabilities And Contingent Assets [Abstract] | |
Disclosure of detailed information about current and non current provisions [Text Block] | Provisions recorded as of December 31, 2022 and 2021 are as follows: 12-31-2022 12-31-2021 Classes of Provisions ThU.S.$ ThU.S.$ Short-term provisions 9,513 337 Provisions for litigations 639 337 Other short-term provisions 8,874 - Long-term provisions, non-Current 40,706 29,549 Provisions for litigations 39,029 29,549 Other long-term provisions 1,677 - Total provisions 50,219 29,886 |
Disclosure of other provisions [text block] | 12-31- 2022 Litigations (*) Other Total Movements in provisions ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 29,886 - 29,886 Changes in provisions Additional provisions 24,582 8,875 33,457 Used provisions (13,652 ) - (13,652 ) Increase (decrease) in foreign exchange (1,144 ) - (1,144 ) Other increases (decreases) (4 ) 1,676 1,672 Total changes 9,782 10,551 20,333 Closing balance 39,668 10,551 50,219 (*) The increase in litigations is mainly made up of ThU.S.$ 24,533 (subsidiaries in Brazil) for civil and labor lawsuits. (**) The increase in Other Provisions corresponds to the dismantling L1. 12-31-2021 Litigations (*) Other provisions Total Movements in provisions ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 30,836 - 30,836 Changes in provisions Additional provisions 8,592 - 8,592 Used provisions (5,349 ) - (5,349 ) Increase (decrease) in foreign currency exchange (4,505 ) - (4,505 ) Other Increases (Decreases) 312 - 312 Total Changes (950 ) - (950 ) Closing balance 29,886 - 29,886 (*) The increase in litigations is mainly made up of ThU.S.$ 8,543 (subsidiaries in Brazil) for civil and labor lawsuits. 12-31-2020 Litigations (*) Other provisions Total Movements in provisions ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 33,011 11 33,024 Changes in provisions Additional provisions 3,257 - 3,257 Used provisions (2,832 ) - (2,832 ) Increase (decrease) in foreign currency exchange (2,240 ) - (2,240 ) Other Increases (Decreases) (362 ) (11 (373 ) Total Changes (2,177 ) (11 (2,188 ) Closing balance 30,836 - 30,836 (*) The increase in legal claims is comprised mainly by ThU.S.$ 3,045 and ThU.S.$ 212 (Brazilian and Argentine subsidiaries respectively) in connection with civil and labor lawsuits. |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Intangibles Assets [Abstract] | |
Disclosure of intangible assets material to entity [text block] | 12-31-2022 12-31-2021 Classes of intangible assets, net ThU.S.$ ThU.S.$ Intangible assets, net 73,439 84,210 Intangible assets under development (IT programs) 5,076 4,881 Computer software 22,323 27,268 Water rights 5,185 5,684 Customer relationship 24,015 29,218 Other identifiable intangible assets 16,840 17,159 Classes of intangible assets, gross 226,642 223,654 Intangible assets under development (IT programs) 5,076 4,881 Computer software 119,353 114,602 Water rights 5,185 5,684 Customer relationship 74,860 75,726 Other identifiable intangible assets 22,168 22,761 Classes of accumulated amortization and impairment Total accumulated amortization and impairment (153,203 ) (139,444 ) Accumulated amortization and impairment, intangible assets (153,203 ) (139,444 ) Computer software (97,030 ) (87,334 ) Customer relationship (50,845 ) (46,508 ) Other identifiable intangible assets (5,328 ) (5,602 ) |
Disclosure of reconciliation of changes in intangible assets and goodwill [text block] | Reconciliation of the carrying amount of intangible assets at the beginning and end of each reporting period balances 12-31-2022 Intangible Computer Water Customer Others Total Reconciliation of intangible assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 4,881 27,268 5,684 29,218 17,159 84,210 Changes Additions 1,696 3,758 2,134 - 140 7,728 Disposals (853 ) - (2,633 ) - (108 ) (3,594 ) Amortization - (9,398 ) - (4,969 ) (375 ) (14,742 ) Increase (decrease) in foreign exchange - 120 - (234 ) 24 (90 ) Other increases (decreases) (648 ) 575 - - - (73 ) Changes total 195 (4,945 ) (499 ) (5,203 ) (319 ) (10,771 ) Closing balance 5,076 22,323 5,185 24,015 16,840 73,439 12-31-2021 Intangible Computer Water Customer Others Total Reconciliation of intangible assets ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 2,665 31,877 5,684 35,092 26,772 102,090 Changes Additions 2,929 3,265 - - 557 6,751 Disposals (1,121 ) (647 ) - - - (1,768 ) Amortization - (12,284 ) - (5,940 ) (263 ) (18,487 ) Increase (decrease) in foreign exchange - 451 - 65 (16 ) 500 Other increases (decreases) 408 4,606 - 1 (9,891 ) (4,876 ) Changes total 2,216 (4,609 ) - (5,874 ) (9,613 ) (17,880 ) Closing balance 4,881 27,268 5,684 29,218 17,159 84,210 |
Disclosure of intangible assets with indefinite useful life [text block] | Years of useful life Computer software 5 Customer relationship 15 Brands 7 |
BIOLOGICAL ASSETS (Tables)
BIOLOGICAL ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Biological Assets [Abstract] | |
Disclosure of information about agricultural produce [text block] | - The average crop age by species and country is: Chile Argentina Brazil Uruguay Pine 24 15 15 - Eucalyptus 12 10 7 10 |
Disclosure of changes in fair value measurement due to change in significant inputs used [Text block] | The following table sets forth changes in fair value of biological assets considering variations in significant assumptions considered in calculating the fair value of the assets: ThU.S.$ Discount rate 0.5 (110,015 ) -0.5 116,828 Margins (%) 10 434,191 -10 (434,191 ) |
Disclosure of detailed information about current and noncurrent biological assets [Text Block] | As of the date of these consolidated financial statements, the current and non-current biological assets are as follows: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Current 330,435 329,586 Non-current 2,864,935 3,008,897 Total 3,195,370 3,338,483 |
Disclosure of reconciliation of changes in biological assets [text block] | Reconciliation of carrying amount of biological assets 12-31-2022 Current Non-current Total Movement ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 329,586 3,008,897 3,338,483 Changes in real incurred cost 18,600 156,351 174,951 Additions through acquisition 35 293,231 293,266 Sales (428 ) (9,512 ) (9,940 ) Harvest (115,373 ) - (115,373 ) Increases (decreases) in foreign exchange (2,077 ) 14,680 12,603 Loss of forest due to fires - (13,346 ) (13,346 ) Transfers to non-current assets held for sale - 4,938 4,938 Transfers from non-current to current 133,640 (133,640 ) - Other increases (decreases) 2,803 - 2,803 Changes in fair value (17,751 ) (300,313 ) (318,064 ) Gain (losses) arising from changes in fair value minus sale costs 2,345 10,587 12,932 Sales 106 (13,306 ) (13,200 ) Harvest (320,810 ) - (320,810 ) Loss of forest due to fires - (3,781 ) (3,781 ) Transfers to non-current assets held for sale - 5,220 5,220 Transfers from non-current to current 299,498 (299,498 ) - Other increases (decreases) 1,110 465 1,575 Total changes 849 (143,962 ) (143,113 ) Closing balance 330,435 2,864,935 3,195,370 12-31-2021 Current Non-current Total Movement ThU.S.$ ThU.S.$ ThU.S.$ Opening balance 302,710 3,296,117 3,598,827 Changes in real incurred cost 656 (64,314 ) (63,658 ) Additions through acquisition 78 191,316 191,394 Sales (105 ) (72,963 ) (73,068 ) Harvest (114,157 ) - (114,157 ) Increases (decreases) in foreign exchange (3,884 ) (18,246 ) (22,130 ) Loss of forest due to fires (3,398 ) (13,455 ) (16,853 ) Transfers to non-current assets held for sale - (5,770 ) (5,770 ) Transfers from non-current to current 125,219 (125,219 ) - Decrease due to loss of control in subsidiary (3,097 ) (19,977 ) (23,074 ) Changes in fair value 26,220 (222,906 ) (196,686 ) Gain (losses) arising from changes in fair value minus sale costs - 81,986 81,986 Sales - (20,297 ) (20,297 ) Harvest (223,712 ) - (223,712 ) Loss of forest due to fires (1,164 ) (19,898 ) (21,062 ) Transfers to non-current assets held for sale - (5,232 ) (5,232 ) Transfers from non-current to current 252,860 (252,860 ) - Decrease due to loss of control in subsidiary (1,764 ) (6,605 ) (8,369 ) Total changes 26,876 (287,220 ) (260,344 ) Closing balance 329,586 3,008,897 3,338,483 |
ENVIRONMENTAL MATTERS (Tables)
ENVIRONMENTAL MATTERS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about environment related disbursements [Abstract] | |
Disclosure of detailed information about environment related disbursements [Text Block] | As of December 31, 2022 and 2021 Arauco has made and / or has committed the following disbursements in major environmental projects: 12-31-2022 Disbursements undertaken 2022 Committed Disbursements State Amount Asset Asset/expense Amount Estimated Company Name of project of project ThU.S.$ Expense destination item ThU.S.$ date Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 6,898 Assets Property, plant and equipment 2,029 2023 Celulosa Arauco y Constitucion S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 1,540 Assets Property, plant and equipment 10,677 2023 Celulosa Arauco y Constitucion S.A. Investment projects for the control and management of gas emissions from industrial process In process 167 Assets Property, plant and equipment 687 2023 Celulosa Arauco y Constitucion S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 68 Assets Property, plant and equipment 632 2023 Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 12,506 Expense Operating cost - 2023 Celulosa Arauco y Constitucion S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 13,556 Expense Operating cost - 2023 Arauco Argentina S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 119 Assets Property, plant and equipment 169 2023 Arauco Argentina S.A. Expansion of solid industrial waste dumpsite for management of these in the future Finished 427 Assets Property, plant and equipment - 2022 Arauco Florestal Arapoti S.A. Environmental improvement studies Finished 724 Assets Property, plant and equipment - 2022 Arauco Industria de Paineis S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 4,102 Assets Property, plant and equipment 8 2023 Arauco Industria de Paineis S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 366 Assets Property, plant and equipment - 2022 Forestal Arauco S.A. Environmental improvement studies In process 1,648 Expense Operating cost 124 2023 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 47 Assets Property, plant and equipment 295 2023 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 687 Expense Operating cost - 2022 Arauco North America, Inc Investment projects for the control and management of gas emissions from industrial process In process 684 Assets Property, plant and equipment 1,651 2023 Arauco North America, Inc Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 1,369 Assets Property, plant and equipment 454 2023 TOTAL 44,908 16,726 Disbursements undertaken 2021 Committed disbursements 12-31-2021 State Amount Asset Asset/expense Amount Estimated Company Name of project of project ThU.S.$ expense destination item ThU.S.$ date Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 19,802 Assets Property, plant and equipment 14,049 2022 Celulosa Arauco y Constitucion S.A. Environmental improvement studies Finished 248 Assets Property, plant and equipment 14 2022 Celulosa Arauco y Constitucion S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 410 Assets Property, plant and equipment 5,244 2022 Celulosa Arauco y Constitucion S.A. Environmental improvement studies In process 11,860 Expenses Operating costs - 2022 Celulosa Arauco y Constitucion S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 10,367 Expenses Operating costs - 2022 Arauco Argentina S.A. Expansion of solid industrial waste dumpsite for management of these in the future In process 1,856 Assets Property, plant and equipment 590 2022 Arauco Argentina S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 921 Assets Property, plant and equipment 581 2022 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 585 Expenses Operating costs - 2022 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants In process 423 Assets Property, plant and equipment 66 2022 Maderas Arauco S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 618 Assets Property, plant and equipment 6 2022 Forestal Arauco S.A. Environmental improvement studies In process 1,280 Expenses Administration expenses 504 2022 Celulosa y Energía Punta Pereira S.A. Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 948 Assets Property, plant and equipment - - Arauco North America, Inc Environmental improvement studies Finished 222 Assets Property, plant and equipment - - Arauco North America, Inc Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants Finished 205 Assets Property, plant and equipment - - Arauco North America, Inc Investment projects for the control and management of gas emissions from industrial process Finished 997 Assets Property, plant and equipment - - TOTAL 50,742 21,054 |
NON-CURRENT ASSETS HELD FOR S_2
NON-CURRENT ASSETS HELD FOR SALE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Non curren tAssets Held Fo rSale And Discontinued Operations Explanatory [Abstract] | |
Disclosure of non-current assets held for sale and discontinued operations [text block] | The following table sets forth information on the main types of non-current assets held for sale: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Land 307 2,306 Buildings - 307 Forest 844 11,002 Roads 128 543 Total 1,279 14,158 |
FINANCIAL INSTRUMENTS (Tables)
FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Statement [Line Items] | |
Disclosure of detailed information about financial instruments [text block] | Financial instruments 12-31-2022 12-31-2021 Thousands of dollars Carrying Fair value Carrying Fair value Financial assets at fair value through profit or loss (held for trading) 110,208 110,208 230,068 230,068 Derivative (1) 144 144 - - Mutual funds (1) 110,064 110,064 230,068 230,068 Financial assets at amortized cost 1,476,046 1,476,046 1,783,643 1,783,643 Cash and cash equivalents (amortized cost) 557,143 557,143 781,032 781,032 Cash 298,577 298,577 529,076 529,076 Time deposits 258,566 258,566 251,956 251,956 Accounts receivable (net) 910,682 910,682 994,261 994,261 Trade receivables 731,685 731,685 826,784 826,784 Lease receivable 28,935 28,935 27 27 Sundry debtors 8,911 8,911 32,542 32,542 Other receivables 56,973 56,973 48,531 48,531 Prepayments 84,178 84,178 86,377 86,377 Accounts receivable from related parties 2,850 2,850 5,559 5,559 Other financial assets (2) 5,371 5,371 2,791 2,791 Hedging assets 73,156 73,156 13,599 13,599 Financial liabilities at amortized cost (3) 6,572,325 6,331,528 6,324,599 6,121,418 Bonds issued denominated in U.S. dollars 3,397,376 3,136,318 3,392,010 3,161,062 Bonds issued denominated in U.F. (4) 1,116,083 1,167,251 1,034,023 1,024,721 Bank borrowings in U.S. dollars 415,462 408,278 454,652 463,308 Bank borrowings in other currencies 525,215 501,492 537,304 565,717 Lease liabilities 264,224 264,224 163,304 163,304 Trade and other payables 832,954 832,954 740,729 740,729 Accounts payable to related parties 21,011 21,011 2,577 2,577 Financial liabilities at fair value through profit or loss 17 17 133 133 Hedging liabilities 76,669 76,669 296,183 296,183 (1) Although mutual funds are measured at fair value through profit or loss for purposes of the consolidated statements of financial position mutual funds are classified as “Cash and cash equivalents” due to the are highly liquid short-term investment. (2) Corresponds to the balance of assets from margin call for current derivatives (collateral). (3) Financial liabilities measured at amortized cost, other than “Trade and other payables”, “Accounts payable to related parties” and derivatives are presented in the consolidated statements of financial position in the line item “Other financial liabilities” as current and non-current based on their maturity. (4) The Unidad de Fomento (“U.F.”) is a unit of account that is linked to, and is adjusted daily to reflect changes in the Chilean consumer price index. |
Disclosure of fair value measurement [text block] | The assets and liabilities measured at fair value in the consolidated statements of financial position as of December 31, 2022 and 2021, have been measured based on the valuation methodologies provided in IFRS 13. The methodologies applied for each financial instrument are classified according to their hierarchy as follows: - Level 1: Securities or quoted prices in active markets for identical assets and liabilities - Level 2: Inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and - Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). Fair value 12-31-2022 Level 1 Level 2 Level 3 ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Financial assets at fair value through profit or loss (held for trading) Derivatives 144 - 144 - Mutual Funds 110,064 110,064 - - Hedging assets 73,156 - 73,156 - Financial liabilities at fair value through profit or loss 17 - 17 - Hedging liabilities 76,669 - 76,669 - Fair value 12-31-2021 Level 1 Level 2 Level 3 ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Financial assets at fair value through profit or loss (held for trading) Mutual Funds 230,068 230,068 - - Hedging assets 13,599 - 13,599 - Financial liabilities at fair value through profit or loss 133 - 133 - Hedging liabilities 296,183 - 296,183 - |
Disclosure of maturity analysis of financial liabilities [Text Block] | The following table sets forth a reconciliation between the financial liabilities and the consolidated statements of financial position as of December 31, 2022 and 2021: 12-31-2022 Thousands of dollars Up to 90 From 91 Other From 1 From 3 More than Other Total Bonds obligations 29,114 66,436 95,550 585,518 782,344 3,050,047 4,417,909 4,513,459 Bank borrowings 109,889 167,905 277,794 368,353 164,873 129,657 662,883 940,677 Swap and Forward 2,107 - 2,107 74,579 - - 74,579 76,686 Total other financial liabilities (a) 141,110 234,341 375,451 1,028,450 947,217 3,179,704 5,155,371 5,530,822 12-31-2022 Thousands of dollars Up to 90 From 91 Total From 1 year From 3 More than Total non- Total Lease liabilities 11,339 25,445 36,784 45,904 38,906 142,630 227,440 264,224 Total lease liabilities (b) 11,339 25,445 36,784 45,904 38,906 142,630 227,440 264,224 12-31-2022 Thousands of dollars Up to 90 From 91 Total From 1 From 3 More than Total non- Total Trade and other payables 795,533 17,305 812,838 2,462 - 17,654 20,116 832,954 Accounts payable to related companies 14,280 - 14,280 3,283 - 3,448 6,731 21,011 Total accounts payable (c) 809,813 17,305 827,118 5,745 - 21,102 26,847 853,965 Total financial liabilities (a) + (b) + (c) 962,262 277,091 1,239,353 1,080,099 986,123 3,343,436 5,409,658 6,649,011 12-31-2021 Thousands of dollars Up to 90 From 91 Other From 1 year From 3 More than Other non- Total Bonds obligations 29,114 61,257 90,371 574,850 257,362 3,503,450 4,335,662 4,426,033 Bank borrowings 29,658 219,177 248,835 227,008 325,244 190,869 743,121 991,956 Swap and Forward 235 - 235 296,081 - - 296,081 296,316 Total other financial liabilities (a) 59,007 280,434 339,441 1,097,939 582,606 3,694,319 5,374,864 5,714,305 12-31-2021 Thousands of dollars Up to 90 From 91 Total From 1 From 3 More than Total non- Total Lease liabilities 13,204 36,399 49,603 44,459 26,083 43,159 113,701 163,304 Total lease liabilities (b) 13,204 36,399 49,603 44,459 26,083 43,159 113,701 163,304 12-31-2021 Thousands of dollars Up to 90 From 91 Total From 1 year From 3 More than Total non- Total Trade and other payables 729,082 9,375 738,457 2,272 - - 2,272 740,729 Accounts payable to related companies 2,577 - 2,577 - - - - 2,577 Total accounts payable (c) 731,659 9,375 741,034 2,272 - - 2,272 743,306 Total financial liabilities (a) + (b) + (c) 803,870 326,208 1,130,078 1,144,670 608,689 3,737,478 5,490,837 6,620,915 |
Disclosure of derivative financial instruments [text block] | A summary of the derivative financial instruments included in the consolidated statements of financial position as of December 31, 2022 and 2021, is presented below: Financial instruments 12-31-2022 Fair value ThU.S.$ 12-31-2021 Fair value ThU.S.$ Financial assets at fair value through profit or loss 144 - Derivatives (1) 144 - Hedging assets 73,156 13,599 Derivatives (1) 17,629 13,599 Cross c s 55,527 - Financial liabilities at fair value through profit or loss (17 ) (133 ) Forward (17 ) (133 ) Hedging liabilities (76,669 ) (296,183 ) Derivatives (1) (650 ) (401 ) Cross currency swaps (2) (76,019 ) (295,782 ) (1) Includes HFO Swap, Zero Cost Collar, Forward and IRS from Chile, USA, Argentina and Uruguay tables. (2) Includes Cross Currency Swaps from Chile. |
Disclosure of detailed information about outstanding cross currency swap contracts [Text Block] | Cross currency swaps to cover the exposure to the exchange rate risk generated from bonds denominated in U.F. 12-31-2022 12-31-2021 Bond Institution Amount U.S.$ Amount U.F. Starting date Ending date fair value fair value ThU.S.$ F Scotiabank - Chile 24,453,184 636,364 10-30-14 4-30-23 1,625 (2,141 ) F Scotiabank - Chile 24,422,642 636,364 10-30-14 4-30-23 1,673 (2,048 ) F BCI - Chile 24,500,016 636,364 10-30-21 10-30-29 2,692 (3,239 ) F BCI - Chile 23,940,993 636,364 10-30-14 4-30-23 2,154 (1,380 ) F Scotiabank - Chile 24,529,437 636,364 10-30-21 10-30-29 3,212 (2,450 ) F Santander - Chile 24,167,222 636,364 10-30-14 4-30-23 1,905 (1,550 ) F Banco de Chile - Chile 24,167,223 636,364 4-30-19 10-30-29 2,104 (4,203 ) P BCI – Chile 35,000,024 909,091 11-15-21 11-15-32 4,709 (5,077 ) P BCI – Chile 34,997,071 909,091 11-15-21 11-15-32 5,695 (3,749 ) P Scotiabank - Chile 38,557,134 909,091 11-15-13 11-15-23 (1,025 ) (7,085 ) P Santander - Chile 37,957,011 909,091 11-15-13 11-15-23 (448 ) (6,053 ) P Deutsche – U.K. 37,957,011 909,091 11-15-13 11-15-23 (401 ) (6,304 ) R Santander - Chile 128,611,183 3,000,000 10-01-14 4-01-24 (5,117 ) (24,743 ) R JP Morgan – U.K. 43,185,224 1,000,000 10-01-14 4-01-24 (1,725 ) (8,509 ) R Itau - Chile 43,277,070 1,000,000 10-01-14 4-01-24 (1,835 ) (8,543 ) S Santander - Chile 201,340,031 5,000,000 11-15-16 11-15-26 10,004 (36,758 ) W Goldman Sachs – N.A. 40,521,750 1,000,000 10-10-18 10-10-28 (167 ) (11,921 ) W Goldman Sachs – N.A. 40,066,555 1,000,000 10-10-18 10-10-28 369 (11,275 ) W Scotiabank - Chile 40,537,926 1,000,000 10-10-18 10-10-28 (148 ) (11,807 ) X Santander - Chile 118,400,504 3,000,000 10-10-18 10-10-38 10,457 (50,527 ) X Santander - Chile 97,971,786 2,500,000 10-10-18 10-10-38 8,928 (41,802 ) 44,661 (251,164 ) Cross currency swaps contracts to cover the exposure to the risk of the exchange rate for bank contracts in Euro. 12-31-2022 12-31-2021 Institution Amount U.S.$ Amount EUR Starting date Ending date fair value ThU.S.$ fair value ThU.S.$ Santander - Chile 97,728,235 82,352,941 6-15-21 12-15-29 (13,279 ) (8,476 ) Banco de Chile - Chile 48,864,118 41,176,471 6-15-21 12-15-29 (6,491 ) (4,484 ) MUFG - N.A. 97,728,235 82,352,941 6-15-21 12-15-29 (12,898 ) (9,000 ) JP Morgan - N.A. 195,456,471 164,705,882 6-15-21 12-15-29 (26,033 ) (18,154 ) HSBC - N.A. 48,864,118 41,176,471 6-15-21 12-15-29 (6,452 ) (4,504 ) (65,153 ) (44,618 ) |
Schedule of detailed information about outstanding zero cost collar [Text Block] | Zero cost collar to cover the exposure to the Oil Brent. 12-31-2022 12-31-2021 Commodity Institution Volume Unit Starting date Ending date fair value ThU.S.$ fair value ThU.S.$ Brent BNP Paribas – E.U. 220,000 bbl 8-01-21 7-31-22 - 3,737 Brent Goldman Sachs - N.A. 220,000 bbl 8-01-21 7-31-22 - 3,798 - 7,535 |
Disclosure of detailed information about outstanding commodity contracts [Text Block] | Arauco Uruguay's profits and through its subsidiaries as a joint operation (50%), also face exposure to the price variation of certain fuels, as occurs with Fuel Oil N°6, which is used during the pulp manufacturing process. In order to minimize this risk, the volatility of future flows associated to the purchase of Fuel Oil No. 6 through forwards of this commodity. The agreements that are in force and effect as of December 31, 2022 and 2021, are detailed below: Commodity Institution 12-31-2022 notional ThU.S.$ 12-31-2022 fair value ThU.S.$ 12-31-2021 notional ThU.S.$ 12-31-2021 fair value ThU.S.$ Fuel Oil N°6 JP Morgan - N.A. 7,367 677 8,491 1,963 Fuel Oil N°6 DNB Bank ASA 7,366 62 3,149 978 Fuel Oil N°6 JP Morgan - N.A. - (252 ) - (77 ) Fuel Oil N°6 DNB Bank ASA - (397 ) - (57 ) 90 2,807 |
Disclosure of detailed information about outstanding interest rate swap contracts [Text Block] | In addition, Arauco through its subsidiaries as a joint operation (50%) in Uruguay maintains an Interest Rate Swap in force and effect, a derivative instrument which purpose is to set the interest rate of a variable rate debt in the same currency (USD). The valuation off this instrument as of December 31, 2022 and 2021 is shown below: Exchange rate Institution Notional ThU.S.$ 12-31-2022 fair value ThU.S.$ 12-31-2021 fair value ThU.S.$ USD DNB Bank ASA 8,440 110 (176 ) 110 (176 ) |
Disclosure of detailed information about non derivative financial assets [Text Block] | As of December 31, 2022 and 2021, there are provisions for impairment for ThU.S.$ 7,960 and ThU.S.$ 8,792, respectively. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Financial assets at amortized cost 1,476,046 1,783,643 Cash and cash equivalents (Mutual Funds not included) 557,143 781,032 Cash 298,577 529,076 Time deposits 258,566 251,956 Accounts receivables (net) 913,532 999,820 Trade receivables 731,685 826,784 Lease receivable 28,935 27 Sundry debtors 8,911 32,542 Other receivables 56,973 48,531 Prepayments 84,178 86,377 Accounts receivable from related parties 2,850 5,559 Other financial assets 5,371 2,791 |
Disclosure of composition of cash and cash equivalents [Text Block] | The composition of cash and cash equivalents (including the balance of mutual funds displayed in this note as valuation, instruments at fair value with profit or loss) at December 31, 2022 and 2021, classified by currency is as follows: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Cash and cash equivalents 667,207 1,011,100 U.S. dollars 395,254 703,232 Euro 4,884 5,755 Mexican pesos 28,564 20,467 Other currencies 228,481 277,441 Chilean pesos 10,024 4,205 |
Disclosure of detailed information about trade and other receivables by currency wise [Text Block] | The following table sets forth trade and other current/non-current receivables classified by currencies as of December 31, 2022 and 2021: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Trade and other current receivables 878,008 979,923 U.S. dollars 614,204 789,236 Euros 36,425 21,884 Mexican pesos 33,089 31,288 Other currencies 90,618 66,886 Chilean pesos 97,616 70,127 U.F. 6,056 502 Accounts receivable from related parties, current 2,850 5,559 Chilean pesos 2,850 5,559 Trade and other non-current receivables 32,674 14,338 U.S. dollars 5,880 11,806 Chilean pesos 3,434 2,492 U.F. 23,360 40 |
Disclosure of financial liabilities [text block] | Arauco's financial liabilities to the date of these consolidated financial statements are as follows: Financial liabilities 12-31-2022 12-31-2021 Total financial liabilities 6,649,011 6,620,915 Financial liabilities at fair value through profit or loss 17 133 Hedging liabilities 76,669 296,183 Financial liabilities at amortized cost 6,572,325 6,324,599 |
Disclosure of current portion of non current borrowings [Text Block] | The following table sets forth the current portion of the non-current bank borrowings and debt issued as of December 31, 2022 and 2021. 12-31-2022 12-31-2021 Bank borrowings - current portion 139,252 248,835 Bonds issued - current portion 95,550 90,371 Total 234,802 339,206 |
Disclosure of detailed information about non derivative financial liabilities [Text Block] | At the end of these financial statements, Arauco includes in this category bank borrowings, bonds issued denominated in U.S. dollars and in U.F., lease liabilities, and trade and other payables. 12-31-2022 12-31-2021 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Currency Amortized cost Fair value Total financial liabilities 6,572,325 6,324,599 6,331,528 6,121,417 Bonds issued U.S. dollar 3,397,376 3,392,010 3,136,318 3,161,062 Bonds issued U.F. 1,116,083 1,034,023 1,167,251 1,024,721 Bank borrowings U.S. dollar 415,462 454,652 408,278 463,308 Bank borrowings Euro 455,325 509,540 501,492 565,717 Bank borrowings Other currencies 69,890 27,764 - - Lease liabilities U.F. 16,936 19,875 16,936 19,875 Lease liabilities Chilean pesos 11,265 38,278 11,265 38,278 Lease liabilities Mexican pesos 3,238 3,768 3,238 3,768 Lease liabilities U.S. dollar 131,292 79,045 131,292 79,045 Lease liabilities Euro 201 266 201 266 Lease liabilities Other currencies 101,292 22,072 101,292 22,072 Trade and other payables U.S. dollar 234,226 288,172 234,226 288,172 Trade and other payables Euro 23,277 13,955 23,277 13,955 Trade and other payables Mexican pesos 16,791 27,889 16,791 27,889 Trade and other payables Other currencies 150,004 107,302 150,004 107,302 Trade and other payables Chilean pesos 369,300 268,624 369,300 268,624 Trade and other payables U.F. 39,356 34,787 39,356 34,787 Accounts payable to related parties U.S. dollar 202 230 202 230 Accounts payable to related parties Chilean pesos 20,809 2,347 20,809 2,347 |
Disclosure of financial liabilities at amortized cost [Text Block] | The financial liabilities at amortized cost presented in the consolidated statements of financial position as of December 31, 2022 and 2021 are as follows: 12-31-2022 ThU.S.$ Current Non-current Total Other financial liabilities 373,344 5,080,792 5,454,136 Lease liabilities 36,784 227,440 264,224 Trade and other payables 812,838 20,116 832,954 Accounts payable to related parties 14,280 6,731 21,011 Total financial liabilities at amortized cost 1,237,246 5,335,079 6,572,325 12-31-2021 ThU.S.$ Current Non-current Total Other financial liabilities 339,206 5,078,783 5,417,989 Lease liabilities 49,603 113,701 163,304 Trade and other payables 738,457 2,272 740,729 Accounts payable to related parties 2,577 - 2,577 Total financial liabilities at amortized cost 1,129,843 5,194,756 6,324,599 |
Disclosure of reconciliation of reserve of cash flow hedges [Text Block] | The following table sets forth the reconciliation balances of cash flow hedges presented in the consolidated statements of comprehensive income: January - December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Opening balance (136,859 ) (37,007 ) 9,010 Gains (losses) on cash flow hedges, before tax 186,911 (84,879 ) 8,222 Reclassification adjustments on cash flow hedges, before tax (9,577 ) (45,426 ) (67,785 ) Income tax relating to cash flow hedges of other comprehensive income (50,587 ) 30,453 13,546 Closing balance (10,112 ) (136,859 ) (37,007 ) |
Disclosure of financial covenants to be complied [Text Block] | The following table sets forth the financial covenants that the Company has to comply with as part of the terms of certain of its obligations: 12-31-2022 12-31-2021 Interest Debt level Instrument ThU.S.$ ThU.S.$ coverage >= 2,0x (1) <= 1,2x Domestic bonds (Chile) 1,116,083 1,034,023 N/R P Syndicate borrowing - Grayling 242,483 270,214 P P Syndicate ECA - MAPA 455,325 509,540 P P |
Disclosure of external credit grades [text block] | The following table sets forth the credit ratings of our debt instruments as of December 31, 2022, are as follows: Instrument Standard & Poor’s Fitch Ratings Moody’s Feller Rate Local bonds - AA - AA Foreign bonds BBB- BBB Baa3 - |
Disclosure of capitalization of Arauco [Text Block] | The capitalization of Arauco as of December 31, 2022 and 2021 is as follows: 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Equity 8,259,984 7,818,504 Bank borrowings 940,677 991,956 Lease liabilities 264,224 163,304 Bonds issued 4,513,459 4,426,033 Capitalization 13,978,344 13,399,797 |
Disclosure of credit risk exposure [text block] | Arauco does not have a securitized portfolio. 12-31-2022 12-31-2021 ThU.S.$ ThU.S.$ Current receivables Trade receivables 731,649 826,750 Lease receivable 5,067 27 Sundry debtors 4,451 21,646 Other receivables 54,525 46,394 Prepayments 82,316 85,106 Net subtotal 878,008 979,923 Trade receivables 736,158 832,612 Lease receivable 5,067 27 Sundry debtors 4,866 21,732 Other receivables 55,687 47,198 Prepayments 82,316 85,106 Gross subtotal 884,094 986,675 Provision for doubtful trade receivables 4,509 5,862 Provision for doubtful lease receivable - - Provision for doubtful sundry debtors 415 86 Provision for doubtful other receivables 1,162 804 Subtotal bad debt 6,086 6,752 Non-current receivables Trade receivables 36 34 Lease receivable 23,868 - Sundry debtors 4,460 10,896 Other receivables 2,448 2,137 Prepayments 1,862 1,271 Net subtotal 32,674 14,338 Trade receivables 1,910 2,074 Lease receivable 23,868 - Sundry debtors 4,460 10,896 Other receivables 2,448 2,137 Prepayments 1,862 1,271 Gross subtotal 34,548 16,378 Provision for doubtful trade receivables 1,874 2,040 Provision for doubtful lease receivable - - Provision for doubtful sundry debtors - - Provision for doubtful other receivables - - Subtotal bad debt 1,874 2,040 |
Disclosure of financial assets that are either past due or impaired [text block] | Below we provide detail regarding accounts receivable, classified in tranches: December 31, 2022 Age of trade receivables Days Non-past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More Total N° debtor 1,500 690 69 43 37 25 18 27 16 62 2,487 ThU.S.$ 700,691 28,708 1,941 474 352 133 87 94 67 5,521 738,068 % 94.94 % 3.89 % 0.26 % 0.06 % 0.05 % 0.02 % 0.01 % 0.01 % 0.01 % 0.75 % 100 % December 31, 2021 Age of trade receivables Days Non-past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More Total N° debtor 1,710 676 100 53 30 49 2 2 1 67 2,690 ThU.S.$ 791,729 36,011 965 361 87 13 1 2 1 5,516 834,686 % 94.85 % 4.31 % 0.12 % 0.04 % 0.01 % 0.00 % 0.00 % 0.00 % 0.00 % 0.67 % 100 % Arauco applies the simplified approach regarding the expected losses from commercial debtors, which allows for the use of an estimate of expected credit losses over the instrument’s lifespan for all commercial accounts receivable. In order to establish this estimate, the commercial debtors have been grouped in relation to the corresponding risks for sales conditions as well as for tranches, including clients that are up-to-date or in default. December 31, 2022: Days Non- past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More than Total Letters of credit 335,897 1,080 10 - - - - - - - 336,987 Loss allowance provision - - - - - - - - - - - Expected loss rate 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Credit line 363,423 26,888 1,791 300 299 100 87 94 67 3,505 396,553 Loss allowance provision 1,545 - 59 34 38 10 9 93 41 2,487 4,314 Expected loss rate 0.43 % 0.00 % 3.27 % 11.22 % 12.74 % 9.52 % 9.82 % 99.08 % 60.88 % 70.95 % Others 1,371 740 140 174 53 33 - 1 - 2,016 4,528 Loss allowance provision - - 1 17 31 19 - 1 - 2,000 2,069 Expected loss rate 0.00 % 0.00 % 0.85 % 9.94 % 57.52 % 55.92 % 0.00 % 96.35 % 0.00 % 99.25 % Total trade receivables (ThU.S.$) 700,691 28,708 1,941 474 352 133 87 94 67 5,521 738,068 Total allowance for doubtful accounts (ThU.S.$) 1,545 - 60 51 69 28 9 94 41 4,487 6,383 December 31, 2021: Days Non- past due 1 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 210 211 to 250 More than Total Letters of credit 372,687 3,076 41 - - - - - - - 375,804 Loss allowance provision - - - - - - - - - - - Expected loss rate 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Credit line 408,723 29,705 686 50 87 13 1 - - 5,406 444,671 Loss allowance provision 2,313 - 21 5 9 1 - - - 5,406 7,755 Expected loss rate 0.57 % 0.00 % 3.06 % 10.00 % 10.34 % 7.69 % 0.00 % 0.00 % 0.00 % 100.00 % Others 10,319 3,230 238 311 - - - 2 1 110 14,211 Loss allowance provision - - 2 32 - - - 2 1 110 147 Expected loss rate 0.00 % 0.00 % 0.84 % 10.29 % 0.00 % 0.00 % 0.00 % 100.00 % 100.00 % 100.00 % Total trade receivables (ThU.S.$) 791,729 36,011 965 361 87 13 1 2 1 5,516 834,686 Total allowance for doubtful accounts (ThU.S.$) 2,313 - 23 37 9 1 - 2 1 5,516 7,902 |
Disclosure of allowance for credit losses [text block] | Regarding the loss allowance for trade receivables and others, below we provide detail for the movements as of December 31, 2022 and 2021: December December 2021 December 2020 ThU.S.$ ThU.S.$ ThU.S.$ Opening loss allowance as at January 1 8,792 8,000 16,368 Increase in loan loss allowance recognized in profit or loss during the year 1,097 2,229 1,369 Receivables written off during the year as uncollectible (321 ) (216 ) (6,970 ) Unused amount reversed (1,608 ) (1,221 ) (2,767 ) Closing balance 7,960 8,792 8,000 |
Disclosure of financial guarantees [Text Block] | Guarantees Arauco group (ThU.S.$) Guarantees debtors (received from clients) Certificate of deposits 6,665 6.2 % Standby 19,489 18.2 % Promissory notes 72,975 68.0 % Finance 3,046 2.8 % Mortgage 1,433 1.3 % Pledge 632 0.6 % Loan agreement 3,097 2.9 % Total guarantees 107,336 100.0 % |
Disclosure of detailed information about open account receivables [Text Block] | In summary, the open account debt covered by the various insurance policies and guarantees amounts to 98.8% and, therefore, Arauco’s portfolio exposure amounts to 1.2%. Secured open accounts receivable ThU.S.$ % Total open accounts receivable 441,034 100.00 % Secured receivables (*) 435,794 98.81 % Unsecured receivables 5,240 1.19 % (*) Insured debt is deemed to be the portion of accounts receivable that is covered by a credit company or by guarantees such as standby letters of credit, mortgages, performance bonds, among others. |
Disclosure of maturity analysis for non-derivative financial liabilities [text block] | December 31, 2022 Maturity Total Up to 3 3 to 12 1 to 2 2 to 3 3 to 4 4 to 5 More Non months months y years years y years Current current Effective Nominal Tax ID Name Currency Bank borrowings ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ rate rate 93.458.000-1 Celulosa Arauco y Constitución S.A. Euros BNP paribas / ECA - 71,000 66,743 66,040 65,380 64,711 127,424 71,000 390,298 1.10 % 1.06% 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Banco de Chile 60,259 - - - - - - 60,259 - 5.17 % Fixed 5.17% - Zona Franca Punta Pereira S.A. U.S. dollar Banco Interamericano de Desarrollo A 1,138 1,074 - - - - - 2,212 - 5.89 % 2.05% + libor 6m - Zona Franca Punta Pereira S.A. U.S. dollar Banco BBVA - 5,122 - - - - - 5,122 - 4.95 % Fixed 4.95% - Celulosa y Energia Punta Pereira S.A. U.S. dollar Banco Interamericano de Desarrollo A 4,512 4,300 - - - - - 8,812 - 5.89 % 2.05% + libor 6m - Celulosa y Energia Punta Pereira S.A. U.S. dollar Finnish Export Credit 24,459 - - - - - - 24,459 - 3.20 % 3.20% - Eufores S.A. U.S. dollar Banco República Oriental del Uruguay - 27,688 - - - - - 27,688 - 1.40 % Fixed 1.4% - Stora Enso Uruguay S.A. U.S. dollar Banco República Oriental del Uruguay - 2,517 - - - - - 2,517 - 1.40 % Fixed 1.4% - Zona Franca Punta Pereira S.A. U.S. dollar Banco República Oriental del Uruguay - 7,551 - - - - - 7,551 - 1.40 % Fixed 1.4% - Eufores S.A. U.S. dollar Banco Itaú - 15,382 - - - - - 15,382 - 5.17 % Fixed 5.165% - Eufores S.A. U.S. dollar Santander - 21,382 - - - - - 21,382 - 5.12 % Fixed 5.12% - Arauco Forest Brasil S.A. Brazilian real Banco Safra S.A. 2,826 2,830 5,586 17,983 16,081 14,194 - 5,656 53,844 15.30 % CDI + 1.65% - Mahal Empreendimentos e Participações S.A. Brazilian real Banco Safra S.A. - 4,209 13,463 12,029 10,628 - - 4,209 36,120 15.20 % CDI + 1.55% - Arauco North America, Inc. U.S. dollar Banco Itau Corpbanca - NY Branch - 45,760 217,247 - - - - 45,760 217,247 4.23 % 1.65% + libor 6m Total 93,194 208,815 303,039 96,052 92,089 78,905 127,424 302,009 697,509 December 31, 2022 Maturity Total Up to 3 3 to 12 1 to 2 2 to 3 3 to 4 4 to 5 More Non months months y years years y years Current current Effective Nominal Tax ID Name Currency B ond s ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ rate rate 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-F - 23,934 23,149 22,365 21,581 20,797 39,243 23,934 127,135 4.25 % 4.25 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-F - 9,573 9,260 8,946 8,633 8,319 15,697 9,573 50,855 4.24 % 4.25 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-P - 25,840 25,102 24,364 23,625 22,887 103,359 25,840 199,337 3.95 % 4.00 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-R - 7,317 7,317 7,317 7,317 7,317 259,931 7,317 289,199 3.56 % 3.60 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-S - 4,892 4,892 4,892 209,947 - - 4,892 219,731 2.43 % 2.40 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-W - 2,570 2,570 2,570 2,570 2,570 125,603 2,570 135,883 2.11 % 2.10 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-X - 6,050 6,050 6,050 6,050 6,050 322,353 6,050 346,553 2.68 % 2.70 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Yankee 2024 11,250 11,250 522,500 - - - - 22,500 522,500 4.51 % 4.50 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Yankee 2027 - 19,375 19,375 19,375 19,375 509,688 - 19,375 567,813 3.89 % 3.88 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Yankee 2047 - 22,000 22,000 22,000 22,000 22,000 840,000 22,000 928,000 5.50 % 5.50 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Yankee 2029 - 21,250 21,250 21,250 21,250 21,250 531,875 21,250 616,875 4.26 % 4.25 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Yankee 2049 - 27,500 27,500 27,500 27,500 27,500 1,091,250 27,500 1,201,250 5.50 % 5.50 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Yankee 2030 10,500 10,500 21,000 21,000 21,000 21,000 552,500 21,000 636,500 4.20 % 4.20 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollar Yankee 2050 12,875 12,875 25,750 25,750 25,750 25,750 1,079,375 25,750 1,182,375 5.16 % 5.15 % Total 34,625 204,926 737,715 213,379 416,598 695,128 4,961,186 239,551 7,024,006 December 31, 2022 Maturity Total Underlying Up to 3 months 3 to 12 months 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years More than 5 years C Non C Tax ID Name Currency asset class ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ 85.805.200-9 Forestal Arauco S.A. U.F. Motor vehicles 421 639 571 433 268 4 - 1,060 1,276 85.805.200-9 Forestal Arauco S.A. U.F. Lands 282 - 282 282 282 282 4,654 282 5,782 85.805.200-9 Forestal Arauco S.A. U.S. dollar Lands 60 180 240 240 240 240 240 240 1,200 85.805.200-9 Forestal Arauco S.A. U.F. Plants and equipments 242 - - - - - - 242 - 85.805.200-9 Forestal Arauco S.A. U.F. Other property, plant and equipment 96 289 268 209 640 - - 385 1,117 85.805.200-9 Forestal Arauco S.A. Chilean pesos Other property, plant and equipment 97 169 120 120 354 - - 266 594 - Arauco Argentina S.A. U.S. dollar Buildings and constructions 116 345 460 38 - - - 461 498 - Arauco Argentina S.A. U.S. dollar IT equipment 6 10 - - - - - 16 - - Arauco Argentina S.A. U.S. dollar Plants and equipments 251 752 668 - - - - 1,003 668 - Arauco Argentina S.A. U.S. dollar Motor vehicles 429 1,161 750 - - - - 1,590 750 - Arauco Florestal Novo Oeste Brazilian real Motor vehicles 5 3 - - - - - 8 - - Arauco Florestal Novo Oeste Brazilian real Buildings and constructions 1 3 - - - - - 4 - - Arauco Industria de Paineis S.A. Brazilian real Fixed facilities and accessories 9 16 - - - - - 25 - - Arauco Industria de Paineis S.A. Brazilian real IT equipment 5 12 16 11 - - - 17 27 - Arauco Industria de Paineis S.A. Brazilian real Motor vehicles 10 30 9 - - - - 40 9 - Arauco Forest Brasil S.A. Brazilian real IT equipment 1 - - - - - - 1 - - Arauco Forest Brasil S.A. Brazilian real Lands 1,569 3,285 4,885 4,885 4,506 3,636 - 4,854 17,912 - Arauco Forest Brasil S.A. Brazilian real Motor vehicles 147 405 131 - - - - 552 131 - Arauco Florestal Arapoti S.A. Brazilian real Motor vehicles 92 89 24 - - - - 181 24 - Arauco do Brasil S.A. Brazilian real Buildings and constructions 52 157 52 - - - - 209 52 - Arauco do Brasil S.A. Brazilian real IT equipment 21 53 14 - - - - 74 14 - Arauco do Brasil S.A. Brazilian real Motor vehicles 18 20 2 - - - - 38 2 - Arauco Celulose do Brasil S.A. Brazilian real Lands 381 4,030 4,058 4,058 4,058 4,058 45,148 4,411 61,380 - Mahal Empreendimentos e Participações S.A. Brazilian real Motor vehicles 203 552 328 164 - - - 755 492 - Mahal Empreendimentos e Participações S.A. Brazilian real Lands - 2,381 2,381 2,381 2,381 2,381 23,808 2,381 33,332 - Mahal Empreendimentos e Participações S.A. Brazilian real Buildings and constructions 18 53 - - - - - 71 - 93.458.000-1 Celulosa Arauco y Constitucion S.A. U.F. Buildings and constructions 424 1,273 1,697 1,697 1,697 1,697 1,698 1,697 8,486 93.458.000-1 Celulosa Arauco y Constitucion S.A. U.F. Motor vehicles 139 174 142 88 27 - - 313 257 93.458.000-1 Celulosa Arauco y Constitucion S.A. Chilean pesos Buildings and constructions 15 - - - - - - 15 - 93.458.000-1 Celulosa Arauco y Constitucion S.A. U.S. dollar Plants and equipments 999 2,998 4,011 4,026 4,040 4,055 60,526 3,997 76,658 93.458.000-1 Celulosa Arauco y Constitucion S.A. Chilean pesos Motor vehicles 2,866 2,953 - - - - - 5,819 - - Arauco North America, Inc. U.S. dollar Buildings and constructions 336 852 1,020 1,131 1,162 499 429 1,188 4,241 - Arauco North America, Inc. U.S. dollar Motor vehicles 173 540 593 244 52 4 - 713 893 - Arauco Canada Limited Canadian dollar Motor vehicles 4 23 - - - - - 27 - - Celulosa y Energía Punta Pereira S.A. U.S. dollar Plants and equipments 239 719 800 641 641 641 7,332 958 10,055 - Eufores S.A. U.S. dollar Lands 975 2,926 6,808 6,306 5,861 5,373 38,052 3,901 62,400 Eufores S.A. U.S. dollar Plants and equipments 306 917 1,222 1,222 1,222 1,222 - 1,223 4,888 - Eufores S.A. U.S. dollar Buildings and constructions 70 88 49 - - - - 158 49 96.510.970-6 Maderas Arauco S.A. Chilean pesos Motor vehicles 1,400 3,451 - - - - - 4,851 - 96.510.970-6 Maderas Arauco S.A. U.F. Motor vehicles 63 42 28 6 3 - - 105 37 - Arauco Europe Cooperatief U.A. Euros Motor vehicles 7 18 19 12 2 - - 25 33 - Arauco Europe Cooperatief U.A. Euros Buildings and constructions 18 54 72 18 - - - 72 90 - Araucomex S.A. de C.V. Mexican pesos Buildings and constructions 456 1,126 1,620 - - - - 1,582 1,620 - Araucomex S.A. de C.V. U.S. dollar Buildings and constructions 29 68 - - - - - 97 - - Arauco Industria de México, S.A. de C.V. Mexican pesos Motor vehicles 17 53 76 26 11 - - 70 113 - Arauco Industria de México, S.A. de C.V. U.S. dollar Plants and equipments 79 26 - - - - - 105 - - Arauco Industria de México, S.A. de C.V. Mexican pesos Buildings and constructions 13 9 - - - - - 22 - - Arauco Industria de México, S.A. de C.V. Mexican pesos Lands 1 3 5 - - - - 4 5 - Arauco Industria de México, S.A. de C.V. Mexican pesos IT equipment 1 5 7 4 - - - 6 11 - Araucomex Servicios S.A. de C.V. Mexican pesos Motor vehicles 6 17 26 17 3 - - 23 46 96.637.330-K Servicios Logisticos Arauco S.A. U.F. Motor vehicles 16 - - - - - - 16 - 79.990.550-7 Investigaciones Forestales Bioforest S.A. U.F. Motor vehicles 9 12 5 - - - - 21 5 Total 13,193 32,981 33,459 28,259 27,450 24,092 181,887 46,174 295,147 As part of the policy of Arauco, it considers compliance with all accounts payable, whether with related (see Note 13) or third parties, within a period not exceeding 30 days. December 31, 2021 Maturit Total Up to 3 3 to 12 1 to 2 2 to 3 3 to 4 4 to 5 More Non Bank months months y years years years years Current current Effective Nominal Tax ID Name Currency borrowings ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ rate rate 93.458.000-1 Celulosa Arauco y Constitución S.A. Euros BNP Paribas / ECA - 74,577 73,840 73,129 72,358 71,631 210,478 74,577 501,436 1.10 % 1.06% - Zona Franca Punta Pereira S.A. U.S. dollars Banco Interamericano de Desarrollo A 1,089 1,078 2,121 - - - - 2,167 2,121 2.20 % Libor 6M +2.05% - Zona Franca Punta Pereira S.A. U.S. dollars Banco BBVA - 18,340 - - - - - 18,340 - 1.00 % Fixed 1.00% - Celulosa y Energia Punta Pereira S.A. U.S. dollars Banco Interamericano de Desarrollo A 4,406 4,359 8,579 - - - - 8,765 8,579 2.20 % Libor 6M +2.05% - Celulosa y Energia Punta Pereira S.A. U.S. dollars Finnish Export Credit 24,827 24,442 24,065 - - - - 49,269 24,065 3.20 % 3.20 % - Celulosa y Energia Punta Pereira S.A. U.S. dollars DnB Nor 136 102 102 - - - - 238 102 0.00 % 0.00 % - Eufores S.A. U.S. dollars Banco República Oriental del Uruguay - 26,532 - - - - - 26,532 - 1.40 % Fixed 1.4% - Stora Enso Uruguay S.A. U.S. dollars Banco República Oriental del Uruguay - 554 - - - - - 554 - 1.40 % Fixed 1.4% - Eufores S.A. U.S. dollars Citibank - 2,512 - - - - - 2,512 - 1.00 % Fixed 1.00% - Eufores S.A. U.S. dollars ITAU - 12,562 - - - - - 12,562 - 1.00 % Fixed 1.00% - Eufores S.A. U.S. dollars Scotiabank - 5,025 - - - - - 5,025 - 1.00 % Fixed 1.00% - Eufores S.A. U.S. dollars Santander - 27,135 - - - - - 27,135 - 1.00 % Fixed 1.00% - Arauco Florestal Arapoti S.A. Brazilian real Banco Votorantim - 226 - - - - - 226 - 5.00 % 5.00 % - Arauco Forest Brasil S.A. Brazilian real Banco Votorantim - 201 - - - - - 201 - 5.00 % 5.00 % - Arauco Forest Brasil S.A. Brazilian real Banco Bndes Subcrédito A 32 62 - - - - - 94 - 8.23 % TJLP +2.91% - Arauco Forest Brasil S.A. Brazilian real Banco Bndes Subcrédito B 19 37 - - - - - 56 - 9.23 % TJLP +3.91% - Arauco Forest Brasil S.A. U.S. dollars Banco Bndes Subcrédito C 38 86 - - - - - 124 - 5.72 % Cesta +2.91% - Arauco Forest Brasil S.A. Brazilian real Banco Bndes Subcrédito D 22 42 - - - - - 64 - 10.43 % TJLP +5.11% - Mahal Emprendimientos e participações S.A. Brazilian real Banco Safra S.A. - 2,776 2,800 11,540 10,587 9,655 - 2,776 34,582 10.70 % CDI +1.55% Arauco North America, Inc. U.S. dollars Banco Itau Corpbanca – NY Branch - 35,293 34,688 212,123 - - - 35,293 246,811 1.99 % Libor 6M +1.65% Total 30,569 235,941 146,195 296,792 82,945 81,286 210,478 266,510 817,696 December 31, 2021 Maturity Total Up to 3 months 3 to 12 months 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years More than 5 years Current Non current Effective Nominal Tax ID Name Currency Bonds ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ rate rate 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-F - 22,113 21,412 20,710 20,009 19,308 53,714 22,113 135,153 4.25 % 4.25 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-F - 8,845 8,565 8,284 8,004 7,723 21,486 8,845 54,062 4.25 % 4.25 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-P - 23,778 23,118 22,457 21,797 21,136 112,945 23,778 201,453 4.00 % 4.00 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-R - 6,546 6,546 6,546 6,546 6,546 239,090 6,546 265,274 3.60 % 3.60 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-S - 4,377 4,377 4,377 4,377 187,827 - 4,377 200,958 2.40 % 2.40 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-W - 2,299 2,299 2,299 2,299 2,299 114,669 2,299 123,865 2.10 % 2.10 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.F. Barau-X - 5,412 5,412 5,412 5,412 5,412 293,802 5,412 315,450 2.70 % 2.70 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollars Yankee 2024 11,250 11,250 22,500 522,500 - - - 22,500 545,000 4.50 % 4.50 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollars Yankee 2027 - 19,375 19,375 19,375 19,375 19,375 509,688 19,375 587,188 3.88 % 3.88 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollars Yankee 2047 - 22,000 22,000 22,000 22,000 22,000 862,000 22,000 950,000 5.50 % 5.50 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollars Yankee 2029 - 21,250 21,250 21,250 21,250 21,250 553,125 21,250 638,125 4.25 % 4.25 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollars Yankee 2049 - 27,500 27,500 27,500 27,500 27,500 1,118,750 27,500 1,228,750 5.50 % 5.50 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollars Yankee 2030 10,500 10,500 21,000 21,000 21,000 21,000 573,500 21,000 657,500 4.20 % 4.20 % 93.458.000-1 Celulosa Arauco y Constitución S.A. U.S. dollars Yankee 2050 12,875 12,875 25,750 25,750 25,750 25,750 1,105,125 25,750 1,208,125 5.15 % 5.15 % Total 34,625 198,120 231,104 729,460 205,319 387,126 5,557,894 232,745 7,110,903 December 31, 2021 Maturity Total Up to 3 months 3 to 12 months 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years More years Current Non current Tax ID Name Currency Underlying asset class ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ 85.805.200-9 Forestal Arauco S.A. U.F. Motor vehicles 420 996 948 511 387 239 4 1,416 2,089 85.805.200-9 Forestal Arauco S.A. U.S. dollars Lands 60 180 240 240 240 240 480 240 1,440 85.805.200-9 Forestal Arauco S.A. U.F. Plants and equipment 550 633 - - - - - 1,183 - 85.805.200-9 Forestal Arauco S.A. Chilean pesos Plants and equipment 32 96 64 - - - - 128 64 85.805.200-9 Forestal Arauco S.A. U.F. Other property, plant and equipment 1,050 2,177 371 250 177 572 - 3,227 1,370 85.805.200-9 Forestal Arauco S.A. Chilean pesos Other property, plant and equipment 91 132 122 122 122 359 - 223 725 - Arauco Argentina S.A. U.S. dollars Buildings and constructions 51 48 - - - - - 99 - - Arauco Argentina S.A. U.S. dollars IT equipment 13 22 - - - - - 35 - - Arauco Argentina S.A. U.S. dollars Plants and equipment 347 1,040 1,002 668 - - - 1,387 1,670 - Arauco Argentina S.A. U.S. dollars Motor vehicles 519 1,286 1,589 750 - - - 1,805 2,339 - Arauco Industria de Paineis S.A. Brazilian real Other property, plant and equipment 3 4 - - - - - 7 - - Arauco Industria de Paineis S.A. Brazilian real Fixed facilities and accessories 9 27 24 - - - - 36 24 - Arauco Industria de Paineis S.A. Brazilian real IT equipment 13 24 1 - - - - 37 1 - Arauco Industria de Paineis S.A. Brazilian real Motor vehicles 110 54 - - - - - 164 - - Arauco Forest Brasil S.A. Brazilian real IT equipment 5 10 1 - - - - 15 1 - Arauco Forest Brasil S.A. Brazilian real Lands 1,038 3,113 4,149 4,149 4,149 4,149 2,768 4,151 19,364 - Arauco Florestal Arapoti S.A. Brazilian real IT equipment 2 3 - - - - - 5 - - Arauco do Brasil S.A. Brazilian real Buildings and constructions 49 199 143 49 - - - 248 192 - Arauco do Brasil S.A. Brazilian real IT equipment 23 73 31 13 - - - 96 44 - Arauco do Brasil S.A. Brazilian real Motor vehicles 94 221 - - - - - 315 - 93.458.000-1 Celulosa Arauco y Constitucion S.A. U.F. Buildings and constructions 389 1,139 1,518 1,518 1,518 1,518 3,036 1,528 9,108 93.458.000-1 Celulosa Arauco y Constitucion S.A. U.F. Motor vehicles 146 395 280 127 79 24 - 541 510 93.458.000-1 Celulosa Arauco y Constitucion S.A. Chilean pesos Buildings and constructions 15 46 15 - - - - 61 15 93.458.000-1 Celulosa Arauco y Constitucion S.A. Chilean pesos Motor vehicles 4,255 12,764 5,896 - - - - 17,019 5,896 93.458.000-1 Celulosa Arauco y Constitucion S.A. U.S. dollars Motor vehicles 31 - - - - - - 31 - - Arauco North America, Inc. U.S. dollars Buildings and constructions 271 864 1,194 1,325 1,468 1,318 1,775 1,135 7,080 - Arauco North America, Inc. U.S. dollars Motor vehicles 40 204 128 113 - - - 244 241 - Arauco Canada Limited Canadian dollars Buildings and constructions 9 - - - - - - 9 - - Arauco Canada Limited Canadian dollars Motor vehicles 14 43 86 33 - - - 57 119 - Celulosa y Energía Punta Pereira S.A. U.S. dollars Plants and equipment 148 445 593 593 593 593 7,147 593 9,519 - Eufores S.A. U.S. dollars Lands 1,070 3,211 6,321 5,999 5,559 5,155 35,766 4,281 58,800 - Eufores S.A. U.S. dollars Plants and equipment 306 917 1,223 1,223 1,222 1,222 1,221 1,223 6,111 - Eufores S.A. U.S. dollars Buildings and constructions 70 210 158 49 - - - 280 207 96.510.970-6 Maderas Arauco S.A. Chilean pesos Motor vehicles 2,795 7,925 4,915 - - - - 10,720 4,915 96.510.970-6 Maderas Arauco S.A. U.F. Motor vehicles 85 224 94 25 5 2 - 309 126 Arauco Colombia S.A. U.S. dollars Buildings and constructions 6 45 - - - - - 51 - - Arauco Europe Cooperatief U.A. Euros Motor vehicles 5 16 19 12 3 - - 21 34 - Arauco Europe Cooperatief U.A. Euros Buildings and constructions 37 56 77 66 - - - 93 143 - Araucomex S.A. de C.V. Mexican pesos Buildings and constructions 321 1,003 1,104 1,106 - - - 1,324 2,210 - Araucomex S.A. de C.V. U.S. dollars Buildings and constructions 27 84 97 - - - - 111 97 - Arauco Industria de México, S.A. de C.V. U.S. dollars Plants and equipment 98 33 - - - - - 131 - - Arauco Industria de México, S.A. de C.V. Mexican pesos Motor vehicles 11 39 50 54 8 50 112 - Arauco Industria de México, S.A. de C.V. Mexican pesos Lands 1 3 4 4 - - - 4 8 - Araucomex Servicios S.A. de C.V. Mexican pesos Motor vehicles - - 15 16 16 7 - - 54 Araucomex Servicios S.A. de C.V. Mexican pesos Buildings and constructions - 1 105 79 86 28 - 1 298 96.637.330-K Servicios Logisticos Arauco S.A. U.F. Motor vehicles 17 46 15 - - - - 63 15 79.990.550-7 Investigaciones Forestales Bioforest S.A. U.F. Motor vehicles 8 25 19 5 - - - 33 24 Total 14,654 40,076 32,611 19,099 15,632 15,426 52,197 54,730 134,965 |
Disclosure of financial guarantees granted [Text block] | Direct and indirect guarantees granted by Arauco: DIRECT Subsidiary Guarantee Assets pledged Currency ThU.S.$ Guarantor Celulosa Arauco y Constitución S.A. Guarantee letter - Chilean pesos 817 Directorate General of Maritime Territory and Merchant Marine Celulosa Arauco y Constitución S.A. Guarantee letter - Chilean pesos 373 Railways Celulosa Arauco y Constitución S.A. Guarantee letter - Chilean pesos 2,453 Ministry of Public Works (MOP) Celulosa Arauco y Constitución S.A. Guarantee letter - Chilean pesos 582 Illustrious municipality of Arauco Celulosa Arauco y Constitución S.A. Guarantee letter - Chilean pesos 15,657 Sociedad Concesionaria Autopista Costa Arauco S.A. Total 19,882 INDIRECT Subsidiary Guarantee Assets pledged Currency ThU.S.$ Guarantor Celulosa Arauco y Constitución S.A. Suretyship not supportive and cumulative - U.S. dollar 34,211 Joint Ventures (Uruguay) Celulosa Arauco y Constitución S.A. Full Guarantee - U.S. dollar 240,000 Arauco North America, Inc. Arauco do Brasil S.A. Endorsement of Arauco Forest Brasil S.A. - Brazilian real 38,332 Bank Safra S.A. Arauco do Brasil S.A. Endorsement of Mahal Empreendimentos e Participações S.A. - Brazilian real 28,748 Bank Safra S.A. Total 341,291 |
Disclosure of financial instruments by type of interest rate [text block] | December 2022 ThU.S.$ Total Fixed rate 5,637,820 98.6 % Bonds issued 4,513,459 Bank borrowings and others (*) 860,137 Lease liabilities 264,224 Variable rate 80,540 1.4 % Bonds issued - Bank borrowings 80,540 Total 5,718,360 100.0 % December 2021 ThU.S.$ Total Fixed rate 5,532,662 99.1 % Bonds issued 4,426,033 Bank borrowings and others (*) 943,325 Lease liabilities 163,304 Variable rate 48,631 0.9 % Bonds issued - Bank borrowings 48,631 Total 5,581,293 100.0 % (*) Includes variable rate bank borrowings changed by fixed rate swaps. |
Uruguay | |
Statement [Line Items] | |
Disclosure of detailed information about outstanding forward contracts [Text Block] | As of December 31, 2022 and 2021, Arauco through its subsidiaries as a joint operation (50%) in Uruguay maintains the following forward contracts in force and effect for the purposes of ensuring an exchange rate for sale of dollars: Exchange rate Institution 12-31-2022 notional ThU.S.$ 12-31-2022 fair value ThU.S.$ 12-31-2021 notional ThU.S.$ 12-31-2021 fair value ThU.S.$ UYUUSD Santander - Uruguay - - 1,765 19 UYUUSD HSBC - Uruguay 13,735 1,138 6,510 106 UYUUSD Itaú - Uruguay 8,480 451 9,892 258 UYUUSD Itaú - Uruguay - - - (91 ) UYUUSD Banco de la República Oriental de Uruguay 3,805 166 - - EURUSD Itaú - Uruguay 859 33 - - EURUSD Santander - Uruguay 2,416 3 - - EURUSD Santander - Uruguay - (1 ) - - 1,790 292 |
United States | |
Statement [Line Items] | |
Disclosure of detailed information about outstanding interest rate swap contracts [Text Block] | Arauco through its subsidiary in United States maintains an Interest Rate Swap with the purpose of setting the interest rate of a variable rate debt in the same currency (USD). The instrument was settled on September 2020 and the valuation off this instrument as of December 31, 2022 and 2021 is shown below: Amount 12-31-2022 fair value 12-31-2021 fair value Institution ThU.S.$ Starting date Ending date ThU.S.$ ThU.S.$ JP Morgan - N.A. 80,000,000 4-28-20 4-28-24 5,062 845 Goldman Sachs N.A. 80,000,000 4-28-20 4-28-24 5,004 1,043 JP Morgan - N.A. 80,000,000 4-28-20 4-28-24 5,067 852 15,133 2,740 |
Argentina | |
Statement [Line Items] | |
Disclosure of detailed information about outstanding forward contracts [Text Block] | As of December 31, 2022 and 2021, Arauco through its subsidiary in Argentina maintains the following forward contracts in force and effect for the purposes of ensuring an exchange rate of dollars: 12-31-2022 fair value 12-31-2021 fair value Exchange rate Institution Amount ThU.S.$ Starting date Ending date ThU.S.$ ThU.S.$ ARSUSD Santander - Argentina 3,800 12-10-21 1-31-22 - (65 ) ARSUSD BBVA - Argentina 3,800 12-10-21 2-25-22 - (68 ) ARSUSD BBVA - Argentina 6,000 12-15-22 1-31-23 (17 ) - (17 ) (133 ) |
REPORTABLE SEGMENTS (Tables)
REPORTABLE SEGMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Reportable Segments [Abstract] | |
Disclosure of operating segments [text block] | Below, please find summarized information concerning the assets, liabilities and profits and losses at the end of each period, by segments. The profit (loss) of each segment informed takes into consideration that taxes and income and financial costs have not been allocated to the various segments, and are shown as part of the Corporate’s segment: Period ended December 31, 2022 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Revenues from sales of goods 2,886,870 4,110,747 - - 6,997,617 6,997,617 Revenues from rendering of services 103,771 1 681 - 104,453 104,453 Revenues from ordinary activities 2,990,641 4,110,748 681 - 7,102,070 7,102,070 Revenues from transactions with reportable segments 501,011 21,347 54,345 - 576,703 (576,703 ) - Finance income - - - 72,116 72,116 72,116 Finance costs - - - (200,366 ) (200,366 ) (200,366 ) Net finance costs - - - (128,250 ) (128,250 ) (128,250 ) Depreciation and amortizations 296,425 198,632 1,679 10,293 507,029 507,029 Other income 63,759 31,248 101 5,021 100,129 100,129 Other expenses 299,469 50,311 9 24,100 373,889 373,889 Share of profit (loss) of associates and joint ventures accounted for using equity method Associates 2,180 - - 4,889 7,069 7,069 Joint ventures - 41,319 - (14,704 ) 26,615 26,615 Income tax expense - - - (142,121 ) (142,121 ) (142,121 ) Profit (loss) of each reportable segment 320,201 900,134 (2,906 ) (513,203 ) 704,226 704,226 Geographical information on revenues Revenue – Chilean entities 1,961,303 1,743,181 681 - 3,705,165 3,705,165 Revenue – Foreign entities 1,029,338 2,367,567 - - 3,396,905 3,396,905 Total revenues from ordinary activities 2,990,641 4,110,748 681 - 7,102,070 7,102,070 Period ended December 31, 2022 Pulp Wood products Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Amounts of additions to non-current assets Acquisition of property, plant and equipment and biological assets 1,462,801 109,664 475 5,262 1,578,202 - 1,578,202 Acquisition and contribution of investments in associates and joint venture - - - 9,855 9,855 - 9,855 Period ended December 31, 2022 Pulp Wood products Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Segment assets 13,094,867 2,959,042 18,291 1,256,321 17,328,521 (148,413 ) 17,180,108 Segment assets (excluding deferred tax assets) 13,094,867 2,959,042 18,291 1,247,310 17,319,510 (148,413 ) 17,171,097 Deferred tax assets 9,011 9,011 9,011 Investments accounted through equity method Associates 36,489 - - 64,332 100,821 100,821 Joint Ventures - 203,443 - 61,407 264,850 264,850 Segment liabilities 1,049,313 438,864 22,237 7,409,710 8,920,124 8,920,124 Segment liabilities (excluding deferred tax liabilities) 1,049,313 438,864 22,237 5,623,795 7,134,209 7,134,209 Deferred tax liabilities 1,785,915 1,785,915 1,785,915 Geographical information on non-current assets Chile 8,540,801 491,283 17,008 398,820 9,447,912 (16,294 ) 9,431,618 Foreign countries 2,742,416 1,190,257 - 40,896 3,973,569 3,973,569 Total non-current assets 11,283,217 1,681,540 17,008 439,716 13,421,481 (16,294 ) 13,405,187 Period ended December 31, 2021 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Revenues from sales of goods 2,702,346 3,549,096 - - 6,251,442 6,251,442 Revenues from rendering of services 97,988 1 330 - 98,319 98,319 Revenues from ordinary activities 2,800,334 3,549,097 330 - 6,349,761 6,349,761 Revenues from transactions with reportable segments 503,455 30,396 43,737 - 577,588 (577,588 ) - Finance income - - - 33,499 33,499 33,499 Finance costs - - - (219,982 ) (219,982 ) (219,982 ) Net finance costs - - - (186,483 ) (186,483 ) (186,483 ) Depreciation and amortizations 297,413 179,549 1,634 11,164 489,760 489,760 Other income 331,827 22,935 265 23,950 378,977 378,977 Other expenses 141,338 27,315 6,140 17,308 192,101 192,101 Share of profit (loss) of associates and joint ventures accounted for using equity method Associates 2,380 - - (2,050 ) 330 330 Joint ventures - 35,250 - (4,194 ) 31,056 31,056 Income tax expense - - - (402,914 ) (402,914 ) (402,914 ) Profit (loss) of each reportable segment 851,804 906,745 (9,605 ) (717,345 ) 1,031,599 1,031,599 Geographical information on revenues Revenue – Chilean entities 1,933,450 1,538,804 330 - 3,472,584 3,472,584 Revenue – Foreign entities 866,884 2,010,293 - - 2,877,177 2,877,177 Total revenues from ordinary activities 2,800,334 3,549,097 330 - 6,349,761 6,349,761 Period ended December 31, 2021 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Amounts of additions to non-current assets Acquisition of property, plant and equipment and biological assets 1,461,957 76,088 870 3,800 1,542,715 - 1,542,715 Acquisition and contribution of investments in associates and joint venture - - - 61,372 61,372 - 61,372 Period ended December 31, 2021 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Segment assets 12,236,794 3,021,804 19,350 1,487,952 16,765,900 (97,589 ) 16,668,311 Segment assets (excluding deferred tax assets) 12,236,794 3,021,804 19,350 1,480,315 16,758,263 (97,589 ) 16,660,674 Deferred tax assets 7,637 7,637 7,637 Investments accounted through equity method Associates 26,823 - - 56,101 82,924 82,924 Joint Ventures - 203,504 - 50,214 253,718 253,718 Segment liabilities 725,397 480,521 11,010 7,632,879 8,849,807 8,849,807 Segment liabilities (excluding deferred tax liabilities) 725,397 480,521 11,010 5,885,074 7,102,002 7,102,002 Deferred tax liabilities 1,747,805 1,747,805 1,747,805 Geographical information on non-current assets Chile 7,978,912 530,618 18,307 330,600 8,858,437 (9,304 ) 8,849,133 Foreign countries 2,671,205 1,200,693 - 23,236 3,895,134 3,895,134 Total non-current assets 10,650,117 1,731,311 18,307 353,836 12,753,571 (9,304 ) 12,744,267 Period ended December 31, 2020 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Revenues from goods sale 2,038,847 2,623,465 - - 4,662,312 4,662,312 Revenues from rendering of services 70,431 15 111 - 70,557 70,557 Revenues from ordinary activities 2,109,278 2,623,480 111 - 4,732,869 4,732,869 Revenues from transactions with other operating segments 1,111,289 21,556 34,149 1,166,994 (1,166,994 ) - Finance income - - - 29,449 29,449 29,449 Finance costs - - - (268,179 ) (268,179 ) (268,179 ) Net finance costs - - - (238,730 ) (238,730 ) (238,730 ) Depreciation and amortizations 312,092 192,295 1,547 10,078 516,012 516,012 Other income 235,320 42,723 89 5,684 283,816 283,816 Other expenses 114,720 50,369 1 17,793 182,883 182,883 Share of profit (loss) of associates and joint ventures accounted for using equity method Associates 1,346 - - 3,475 4,821 4,821 Joint ventures - (1,994 ) - (510 ) (2,504 ) (2,504 ) Income tax expense - - - (41,848 ) (41,848 ) (41,848 ) Profit (loss) of each reportable segment 201,548 260,504 (2,927 ) (433,820 ) 25,305 25,305 Geographical information on revenues Revenue – Chilean entities 1,476,060 1,136,322 111 - 2,612,493 2,612,493 Revenue – Foreign entities 633,218 1,487,158 - - 2,120,376 2,120,376 Total Ordinary Income 2,109,278 2,623,480 111 - 4,732,869 4,732,869 Period ended December 31, 2020 Pulp Wood products Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Amounts of additions to non-current assets Acquisition of property, plant and equipment and biological assets 1,618,239 95,672 437 2,639 1,716,987 - 1,716,987 Acquisition and contribution of investments in associates and joint venture - - - 19,433 19,433 - 19,433 Period ended December 31, 2020 Pulp Wood Others Corporate Subtotal Elimination Total ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ ThU.S.$ Segment assets 11,543,571 2,886,177 24,941 1,623,700 16,078,389 (50,070 ) 16,028,319 Segments assets (excluding deferred tax assets) 11,543,571 2,886,177 24,941 1,617,659 16,072,348 (50,070 ) 16,022,278 Deferred tax assets 6,041 6,041 6,041 Investments accounted through equity method Associates 29,205 - - 56,509 85,714 85,714 Joint Ventures - 187,388 - 43,837 231,225 231,225 Segment liabilities 494,065 471,024 8,574 7,639,021 8,612,684 8,612,684 Segment liabilities (excluding deferred tax liabilities) 494,065 471,024 8,574 6,175,135 7,148,798 7,148,798 Deferred tax liabilities 1,463,886 1,463,886 1,463,886 Geographical information on non-current assets Chile 7,487,475 588,973 24,305 314,330 8,415,083 (6,380 ) 8,408,703 Foreign countries 2,731,405 1,277,666 - 66,220 4,075,291 4,075,291 Non-current assets, Total 10,218,880 1,866,639 24,305 380,550 12,490,374 (6,380 ) 12,483,994 Information required by geographic area: Geographical area 2022 Local country Foreign country Disclosure of geographical areas Chile Argentina Brazil USA/Canada Uruguay Mexico Total Revenues from sale of goods 3,633,847 600,923 658,329 1,309,652 573,877 220,989 6,997,617 Revenues from rendering of services 71,318 - - - 33,134 1 104,453 Revenues as of December 31, 2022 3,705,165 600,923 658,329 1,309,652 607,011 220,990 7,102,070 Non-current Assets at 12-31-2022 other than deferred tax 9,426,583 548,528 906,174 721,824 1,664,974 128,093 13,396,176 Geographical area 2021 Local country Foreign country Disclosure of geographical areas Chile Argentina Brazil USA/Canada Uruguay Mexico Total Revenues from sale of goods 3,409,152 524,976 630,440 1,041,285 454,498 191,091 6,251,442 Revenues from rendering of services 63,432 - - - 34,886 1 98,319 Revenues as of December 31, 2021 3,472,584 524,976 630,440 1,041,285 489,384 191,092 6,349,761 Non-current Assets at 12-31-2021 other than deferred tax 8,845,193 688,698 642,578 735,846 1,698,320 125,995 12,736,630 Geographical area 2020 Local country Foreign country Disclosure of geographical areas Chile Argentina Brazil USA/Canada Uruguay Mexico Total Revenues from goods sale 2,573,641 379,200 414,622 829,497 333,104 132,248 4,662,312 Revenues from rendering of services 38,852 - - - 31,690 15 70,557 Revenues as of December 30, 2020 2,612,493 379,200 414,622 829,497 364,794 132,263 4,732,869 Non-current Assets at 12-31-2021 other than deferred tax 8,404,695 741,337 694,079 774,969 1,725,736 137,137 12,477,953 |
OTHER NON-FINANCIAL ASSETS AN_2
OTHER NON-FINANCIAL ASSETS AND NON-FINANCIAL LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Detailed Information About Other Non Financial Assets And Non Financial Liabilities [Abstract] | |
Disclosure Of Detailed Information About Other Non Financial Assets And Non Financial Liabilities [Text Block] | 12-31-2022 12-31-2021 Current non-financial assets ThU.S.$ ThU.S.$ Roads to amortize, current 56,171 56,949 Prepayment to amortize (insurance and others) 17,474 21,749 Recoverable taxes (related to purchases) 126,368 83,996 Other current non-financial assets 6,046 5,196 Total 206,059 167,890 12-31-2022 12-31-2021 Non-current non-financial assets ThU.S.$ ThU.S.$ Roads to amortize, non-current 71,094 72,054 Guarantee values 4,400 3,296 Recoverable taxes 6,363 4,605 Other non-current non-financial assets 10,657 8,594 Total 92,514 88,549 12-31-2022 12-31-2021 Current non-financial liabilities ThU.S.$ ThU.S.$ Provision of minimum dividend (1) 189,375 125,657 ICMS, PIS-COFINS and other tax payables - Brazil 32,145 24,590 Other tax payable 14,186 17,618 Other Current non-financial liabilities 7,272 5,789 Total 242,978 173,654 (1) Correspond mainly to the minimum dividend provision of the parent company (see Note 26). 12-31-2022 12-31-2021 Non-current non-financial liabilities ThU.S.$ ThU.S.$ ICMS and other tax payable - Brazil 66,736 74,780 Other non-current non-financial liabilities 3,136 2,226 Total 69,872 77,006 |
DISTRIBUTABLE NET PROFIT AND _2
DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Detailed Information About Basic And Diluted NetIncomeloss Per Share [Abstract] | |
Disclosure Of Detailed Information About Adjustments On Profit Loss Attributable To Owners Of Parent [Text Block] | The following table details the adjustments made for the determination of distributable net profit as of December 31, 2022 and 2021: Distributable net profit 12-31-2022 ThU.S.$ 12-31-2021 ThU.S.$ 12-31-2020 ThU.S.$ Net profit attributable to parent company 704,480 1,030,812 25,843 Adjustments: Sale of lands - (167,802 ) - Biological assets Unrealized gains (losses) (12,933 ) (79,452 ) (183,927 ) Realized gains (losses) 327,268 249,441 208,064 Deferred income taxes (91,629 ) (42,970 ) (4,684 ) Total adjustments 222,706 127,019 19,453 Distributable net profit 927,186 990,029 45,296 |
Disclosure Of Detailed Information About Basic And Diluted NetIncomeloss Per Share [Text Block] | Basic and diluted earnings per share are calculated by dividing the profit or loss attributable to ordinary equity holders of parent by the weighted average number of ordinary shares outstanding. Arauco does not have any shares with potential dilutive effect. January-December 2022 2021 2020 ThU.S.$ ThU.S.$ ThU.S.$ Profit or loss attributable to ordinary equity holder of parent 704,480 1,030,812 25,843 Weighted average of number of shares 120,474,350 119,414,435 114,269,961 Basic and diluted earnings per share (in U.S.$ per share) 5.8476 8.6322 (0.2262 ) |
PRESENTATION OF CONSOLIDATED _3
PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (Details Textual) | 12 Months Ended |
Dec. 31, 2022 | |
Statement [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 15 years |
Minimum dividend distribution percentage | 30% |
Percentage of minimum dividend distribution equivalent on cash income excluding extraordinary items | 40% |
Empresas Copec S.A [Member] | |
Statement [Line Items] | |
Percentage of ownership interests held by parent | 99.99992% |
Antarchile S.A. [Member] | |
Statement [Line Items] | |
Percentage of ownership interests held by parent | 60.8208% |
DISCLOSURE OF OTHER INFORMATI_3
DISCLOSURE OF OTHER INFORMATION (Details) - shares | 12 Months Ended | ||
Dec. 31, 2022 | May 31, 2021 | Sep. 24, 2020 | |
Disclosure of Shareholders Composition To The Amount Of Shares Owned [Line Items] | |||
Capital corresponds to ordinary shares | 100% | ||
Number of shares issued and fully paid | 120,474,350 | 3,250,975 | 4,063,720 |
Empresas Copec S.A. [Member] | |||
Disclosure of Shareholders Composition To The Amount Of Shares Owned [Line Items] | |||
Capital corresponds to ordinary shares | 99.99992% | ||
Number of shares issued and fully paid | 120,474,249 | ||
AntarChile S.A. [Member] | |||
Disclosure of Shareholders Composition To The Amount Of Shares Owned [Line Items] | |||
Capital corresponds to ordinary shares | 0.00008% | ||
Number of shares issued and fully paid | 101 |
DISCLOSURE OF OTHER INFORMATI_4
DISCLOSURE OF OTHER INFORMATION (Details 1) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | May 31, 2021 | Sep. 24, 2020 | |
Statement [Line Items] | ||||
Amount of Capital in Shares by Type of Ordinary Shares that Constitute Capital | $ 803,618 | $ 803,618 | ||
Number of Shares Issued and Fully Paid by Type of Capital in Ordinary Shares | 120,474,350 | 3,250,975 | 4,063,720 | |
Ordinary shares [member] | ||||
Statement [Line Items] | ||||
Description of Ordinary Capital Share Types | 100% of Capital corresponds to ordinary shares | 100% of Capital corresponds to ordinary shares | ||
Number of Authorized Shares by Type of Capital in Ordinary Shares | 120,474,350 | 120,474,350 | ||
Nominal Value of Shares by Type of Capital in Ordinary Shares | $ 6.6704 | $ 6.6704 | ||
Amount of Capital in Shares by Type of Ordinary Shares that Constitute Capital | $ 803,618 | $ 803,618 | ||
Number of Shares Issued and Fully Paid by Type of Capital in Ordinary Shares | 120,474,350 | 120,474,350 |
DISCLOSURE OF OTHER INFORMATI_5
DISCLOSURE OF OTHER INFORMATION (Details 2) - USD ($) | 1 Months Ended | 12 Months Ended | |||
Dec. 14, 2022 | May 10, 2022 | Nov. 03, 2021 | Nov. 30, 2021 | Dec. 31, 2022 | |
Statement [Line Items] | |||||
Amount of Dividends | $ 271,000,000 | $ 183,971 | |||
Interim dividend [Member] | |||||
Statement [Line Items] | |||||
Dividend Paid | Interim dividend | ||||
Classes of shares for which there are dividends paid | Ordinary shares without series | ||||
Date of Dividends Paid | Nov. 03, 2021 | ||||
Amount of Dividends | $ 271,000,000 | ||||
Number of shares on which pay dividends | 120,474,350 | ||||
Dividend per Share | $ 2.24944 | ||||
Definitive dividend [Member] | |||||
Statement [Line Items] | |||||
Dividend Paid | Definitive dividend | Definitive dividend | |||
Classes of shares for which there are dividends paid | Ordinary shares without series | Ordinary shares without series | |||
Date of Dividends Paid | Dec. 14, 2022 | May 10, 2022 | |||
Amount of Dividends | $ 183,971,000 | $ 192,132,000 | |||
Number of shares on which pay dividends | 120,474,350 | 120,474,350 | |||
Dividend per Share | $ 1.5271 | $ 1.5948 |
DISCLOSURE OF OTHER INFORMATI_6
DISCLOSURE OF OTHER INFORMATION (Details 3) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Total Other Income | $ 100,129 | $ 378,977 | $ 283,816 |
Gain from changes in fair value of biological assets (note 20) | 12,932 | 81,986 | 182,950 |
Net income from insurance compensation | 2,046 | 1,101 | 3,007 |
Revenue from export promotion | 1,157 | 1,608 | 951 |
Lease income | 1,834 | 1,689 | 1,625 |
Gain on sales of assets | 48,653 | 241,662 | 28,299 |
Access easement | 905 | 308 | 14,020 |
Recovery of tax credits | 0 | 1,674 | 23,372 |
Compensations received | 221 | 7,018 | 964 |
Gain on sales of subsidiary | 0 | 20,381 | 0 |
Other operating income | 32,381 | 21,550 | 28,628 |
Total Other Expenses by function | (373,889) | (192,101) | (182,883) |
Provision Legal expenses | (10,478) | (8,466) | (5,899) |
Impairment provision for property, plant and equipment, provision for inventory obsolescence, withdrawals and others | (170,207) | (76,218) | (66,821) |
Operating expenses related to staff restructuring or from plants stoppage or closed | (82,337) | (5,875) | (26,148) |
Expenses related to projects | (27,837) | (20,663) | (15,791) |
Loss of asset sales | (12,575) | (9,996) | (9,733) |
Loss and repair of assets | (12,585) | (1,700) | (4,342) |
Loss of forest due to fires | (17,127) | (38,133) | (21,530) |
Other Taxes | (20,413) | (17,666) | (16,613) |
Research and development expenses | (4,432) | (2,903) | (3,012) |
Fines, readjustments and interests | (6,142) | (241) | (864) |
Loss on sale of permanent investments | 0 | (431) | 0 |
Loss of tax credits | (212) | (491) | (1,069) |
Other expenses | (9,544) | (9,318) | (11,061) |
Total Finance Income | 72,116 | 33,499 | 29,449 |
Finance income by mutual funds - term deposits | 61,816 | 30,720 | 16,099 |
Finance income resulting from derivatives | 39 | 39 | 825 |
Other finance income | 10,261 | 2,740 | 12,525 |
Total Finance Costs | (200,366) | (219,982) | (268,179) |
Interest expense, Bank borrowings | (20,827) | (20,013) | (28,869) |
Interest expense, Bonds | (114,297) | (138,334) | (171,834) |
Interest expense resulting from derivatives | (17,774) | (17,598) | (30,083) |
Interest expense for right-of-use | (9,825) | (8,042) | (9,404) |
Other finance costs | (37,643) | (35,995) | (27,989) |
Total | 33,684 | 31,386 | 2,317 |
Investments in associates | 7,069 | 330 | 4,821 |
Investments in joint ventures | $ 26,615 | $ 31,056 | $ (2,504) |
DISCLOSURE OF OTHER INFORMATI_7
DISCLOSURE OF OTHER INFORMATION (Details 4) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Depreciation and amortization | $ 507,029 | $ 489,760 | $ 516,012 |
Staff expenses | 697,833 | 651,371 | 577,634 |
Total | 4,274,496 | 3,681,603 | 3,445,284 |
Total | 922,226 | 682,996 | 535,704 |
Fees (legal and technical advisors) | 10,478 | 8,466 | 5,899 |
Maintenance and repair | 12,585 | 1,700 | 4,342 |
Total | 613,608 | 577,147 | 510,137 |
Cost Of Sales [Member] | |||
Statement [Line Items] | |||
Timber | 859,811 | 773,732 | 844,548 |
Forestry labor costs and other services | 623,902 | 554,460 | 467,595 |
Depreciation and amortization | 408,248 | 401,672 | 412,750 |
Depreciation for right of use | 40,539 | 43,284 | 57,785 |
Maintenance costs | 319,100 | 261,143 | 225,691 |
Chemical costs | 712,331 | 546,048 | 444,429 |
Sawmill costs | 117,786 | 113,592 | 102,663 |
Other raw materials | 315,078 | 243,882 | 212,872 |
Other Indirect costs | 169,423 | 127,751 | 118,721 |
Energy and fuel | 243,986 | 201,949 | 168,782 |
Cost of electricity | 46,902 | 36,927 | 32,200 |
Staff expenses | 417,390 | 377,163 | 357,248 |
Total | 4,274,496 | 3,681,603 | 3,445,284 |
Distribution cost [Member] | |||
Statement [Line Items] | |||
Depreciation for right of use | 2,975 | 2,291 | 1,664 |
Selling costs | 37,652 | 38,467 | 35,847 |
Commissions | 12,607 | 14,566 | 13,846 |
Insurance | 6,813 | 4,236 | 3,521 |
Provision for doubtful accounts | (462) | 758 | 1,427 |
Other selling costs | 18,694 | 18,907 | 17,053 |
Shipping and freight costs | 884,574 | 644,529 | 499,857 |
Port services | 69,478 | 52,132 | 41,731 |
Freights | 743,590 | 555,357 | 414,153 |
Other shipping and freight costs (internment, warehousing, stowage, customs and other costs) | 68,531 | 34,749 | 42,309 |
Total | 922,226 | 682,996 | 535,704 |
Administrative expenses [Member] | |||
Statement [Line Items] | |||
Depreciation and amortization | 33,155 | 34,771 | 33,753 |
Depreciation for right of use | 7,103 | 7,061 | 8,006 |
Staff expenses | 255,378 | 248,079 | 210,708 |
Insurance | 26,009 | 23,749 | 23,297 |
Marketing, advertising, promotion and publications expenses | 15,998 | 12,601 | 10,037 |
Computer services | 40,136 | 32,614 | 32,473 |
Lease of offices, other property and vehicles | 5,079 | 5,264 | 5,282 |
Donations, contributions, scholarships | 11,510 | 9,264 | 14,879 |
Fees (legal and technical advisors) | 39,616 | 38,124 | 38,701 |
Property taxes, city permits and rights | 27,385 | 24,522 | 19,206 |
Cleaning services, security services and transportation | 30,491 | 33,336 | 28,108 |
Third-party variable services (maneuvers, logistics) | 52,455 | 44,325 | 36,535 |
Basic services (electricity, telephone, water) | 5,334 | 4,605 | 4,686 |
General and other minor expenses | 6,197 | 14,455 | 4,102 |
Maintenance and repair | 9,044 | 8,040 | 6,448 |
Seminars, courses, training materials | 3,621 | 2,908 | 1,906 |
Travels, clothing and safety equipment, environmental expenses, audits and others | 45,097 | 33,429 | 32,010 |
Total | $ 613,608 | $ 577,147 | $ 510,137 |
DISCLOSURE OF OTHER INFORMATI_8
DISCLOSURE OF OTHER INFORMATION (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||||
Dec. 14, 2021 | May 31, 2021 | Sep. 24, 2020 | Dec. 31, 2022 | May 31, 2022 | Nov. 30, 2021 | Oct. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | ||||||||||
Issued capital | $ 803,618 | $ 803,618 | $ 803,618 | |||||||
Dividend payables | $ 67,121 | 67,121 | ||||||||
Dividends paid, classified as financing activities | 380,969 | 471,167 | $ 955 | |||||||
Cost of inventories recognised as expense during period | 4,185,527 | 3,599,930 | 3,381,471 | |||||||
Cost of Rendering Services | $ 88,969 | 81,673 | 63,813 | |||||||
Capital increase | $ 200,000 | $ 250,000 | ||||||||
Number of shares issued and fully paid | 3,250,975 | 4,063,720 | 120,474,350 | 120,474,350 | ||||||
Dividends paid | $ 183,971 | $ 192,132 | $ 271,000 | $ 200,000 | $ 440,324 | 596,215 | $ 309 | |||
Minimum Dividend Provision | 370,874 | 370,874 | ||||||||
Parent [member] | ||||||||||
Statement [Line Items] | ||||||||||
Dividends paid, classified as financing activities | 376,103 | 471,000 | ||||||||
Final dividend [Member] | ||||||||||
Statement [Line Items] | ||||||||||
Dividends paid | 437,995 | |||||||||
Ordinary shares [member] | ||||||||||
Statement [Line Items] | ||||||||||
Issued capital | $ 803,618 | $ 803,618 | $ 803,618 | |||||||
Number of shares issued and fully paid | 120,474,350 | 120,474,350 | 120,474,350 | |||||||
Empresas Copec S.A. [Member] | ||||||||||
Statement [Line Items] | ||||||||||
Number of shares acquired by principal shareholder from minority shareholders | 26,346 | |||||||||
Number of shares issued and fully paid | 120,474,249 | 120,474,249 |
INVENTORIES (Details)
INVENTORIES (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Statement [Line Items] | ||
Raw materials | $ 199,174 | $ 79,288 |
Production supplies | 209,396 | 158,382 |
Work in progress | 70,625 | 51,461 |
Finished goods | 769,558 | 698,613 |
Spare Parts | 221,258 | 189,154 |
Total Inventories | $ 1,470,011 | $ 1,176,898 |
INVENTORIES (Details Textual)
INVENTORIES (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Cost of inventories recognised as expense during period | $ 4,185,527 | $ 3,599,930 | $ 3,381,471 |
Decrease (increase) in inventories of finished goods and work in progress | 11,880 | 33,890 | 21,580 |
Provision for inventory obsolescence | 77,370 | 65,490 | |
Inventory write-down | $ 4,865 | $ 993 | $ 300 |
CASH AND CASH EQUIVALENTS (Deta
CASH AND CASH EQUIVALENTS (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure Of Cash And Cash Equivalents [Line Items] | ||||
Cash on hand | $ 64 | $ 91 | ||
Balances with Banks | 298,513 | 528,985 | ||
Short-term deposits | 258,566 | 251,956 | ||
Mutual funds | 110,064 | 230,068 | ||
Total | $ 667,207 | $ 1,011,100 | $ 1,064,714 | $ 1,560,012 |
CASH AND CASH EQUIVALENTS (De_2
CASH AND CASH EQUIVALENTS (Details 1) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Cash And Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | $ 110,064 | $ 230,068 |
Mutual funds investment [Member] | ||
Disclosure Of Cash And Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | 85,131 | 95,754 |
Mutual funds investment [Member] | AAAfm [Member] | ||
Disclosure Of Cash And Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | $ 24,933 | $ 134,314 |
CASH AND CASH EQUIVALENTS (De_3
CASH AND CASH EQUIVALENTS (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Opening balance | $ 5,714,305 | $ 6,021,864 | |
Cash Flow Borrowings Obtained | 318,357 | 167,962 | $ 412,077 |
Cash Flow Borrowings Paid | (397,977) | (596,490) | (520,474) |
Cash Flow Commissions paid | (1,656) | (2,328) | |
Cash Flow Interest paid | (249,328) | (252,583) | |
Accrued Interest | 253,918 | 246,836 | |
Inflation adjustment | 90,334 | (166,676) | |
Changes in fair value | (209,936) | 283,261 | |
Non-cash Movements | 12,805 | 12,459 | |
Closing balance | 5,530,822 | 5,714,305 | 6,021,864 |
Borrowings from banks [member] | |||
Statement [Line Items] | |||
Opening balance | 991,956 | 1,274,260 | |
Cash Flow Borrowings Obtained | 318,357 | 167,962 | |
Cash Flow Borrowings Paid | (347,459) | (405,567) | |
Cash Flow Commissions paid | (1,656) | (2,328) | |
Cash Flow Interest paid | (18,450) | (18,084) | |
Accrued Interest | 22,679 | 16,961 | |
Inflation adjustment | (29,757) | (45,891) | |
Non-cash Movements | 5,007 | 4,643 | |
Closing balance | 940,677 | 991,956 | 1,274,260 |
Hedging liabilities [member] | |||
Statement [Line Items] | |||
Opening balance | 296,316 | 39,660 | |
Cash Flow Borrowings Paid | (9,578) | (25,316) | |
Cash Flow Interest paid | (37,141) | (30,034) | |
Accrued Interest | 37,039 | 29,032 | |
Changes in fair value | (209,936) | 283,261 | |
Non-cash Movements | (14) | (287) | |
Closing balance | 76,686 | 296,316 | 39,660 |
Bonds and promissory notes [member] | |||
Statement [Line Items] | |||
Opening balance | 4,426,033 | 4,707,944 | |
Cash Flow Borrowings Paid | (40,940) | (165,607) | |
Cash Flow Interest paid | (193,737) | (204,465) | |
Accrued Interest | 194,200 | 200,843 | |
Inflation adjustment | 120,091 | (120,785) | |
Non-cash Movements | 7,812 | 8,103 | |
Closing balance | 4,513,459 | 4,426,033 | 4,707,944 |
Lease liabilities (IFRS 16) [member] | |||
Statement [Line Items] | |||
Opening balance | 163,304 | 211,755 | |
Cash Flow Borrowings Paid | (65,000) | (67,895) | |
Cash Flow Interest paid | (9,724) | (7,811) | |
Accrued Interest | 9,753 | 8,363 | |
Inflation adjustment | 839 | (13,540) | |
Increase (decrease) due to new leases liabilities | 167,370 | 35,186 | |
Non-cash Movements | (2,318) | (2,754) | |
Closing balance | $ 264,224 | $ 163,304 | $ 211,755 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | $ 327,707 | $ 287,017 | |
Offsetting presentation | (318,696) | (279,380) | |
Net Effect | 9,011 | 7,637 | $ 6,041 |
Provisions [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 8,910 | 5,730 | |
Accrued Liabilities [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 8,986 | 8,257 | |
Post-Employment Benefits [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 25,904 | 19,738 | |
Property, Plant and Equipment [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 45,919 | 32,480 | |
Impairment Provision [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 13,517 | 8,564 | |
Financial Instruments [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 53,347 | 108,910 | |
Tax Loss Carryforward [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 110,526 | 24,972 | |
Inventories [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 20,942 | 18,793 | |
Provisions for Income [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 9,941 | 19,323 | |
Allowance for Doubtful Accounts [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 2,472 | 4,625 | |
Intangible revaluation difference [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 1,466 | 2,301 | |
Tax Credits [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | 0 | 8,996 | |
Other Deductible Temporary Differences [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Deferred tax assets | $ 25,777 | $ 24,328 |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | $ 2,104,611 | $ 2,027,185 | |
Offsetting presentation | (318,696) | (279,380) | |
Net Effect | 1,785,915 | 1,747,805 | $ 1,463,886 |
Property, Plant and Equipment [Member] | |||
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | 1,415,173 | 1,281,546 | |
Financial Instruments [Member] | |||
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | 33,749 | 25,334 | |
Biological Assets [Member] | |||
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | 527,988 | 605,166 | |
Inventory [Member] | |||
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | 56,531 | 46,336 | |
Prepaid Expenses [Member] | |||
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | 37,760 | 38,088 | |
Intangible [member] | |||
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | 10,173 | 12,511 | |
Other Taxable Temporary Differences [member] | |||
Income Tax [Line Items] | |||
Total Deferred Tax Liabilities | $ 23,237 | $ 18,204 |
INCOME TAXES (Details 2)
INCOME TAXES (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | $ 287,017 | ||
Opening Balance - Liabilities | 2,027,185 | ||
Closing balance - Assets | 327,707 | $ 287,017 | |
Closing balance - Liabilities | 2,104,611 | 2,027,185 | |
Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 2,027,185 | 1,800,705 | $ 1,690,923 |
Deferred tax Income (Expenses) | 66,979 | 238,484 | 141,472 |
Deferred tax of items charged to equity | 2,704 | ||
Deferred tax of items charged to other comprehensive income | 609 | 139 | |
Decrease through loss of control in subsidiary | (4,641) | ||
Increase (decrease) Net exchange differences | 7,743 | (7,972) | (31,829) |
Closing balance - Liabilities | 2,104,611 | 2,027,185 | 1,800,705 |
Provisions [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 5,730 | ||
Closing balance - Assets | 8,910 | 5,730 | |
Post-Employment Benefits [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 19,738 | ||
Closing balance - Assets | 25,904 | 19,738 | |
Accrued Liability [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 8,257 | ||
Closing balance - Assets | 8,986 | 8,257 | |
Property, Plant and Equipment [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 32,480 | ||
Opening Balance - Liabilities | 1,281,546 | ||
Closing balance - Assets | 45,919 | 32,480 | |
Closing balance - Liabilities | 1,415,173 | 1,281,546 | |
Property, Plant and Equipment [Member] | Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 1,281,546 | 1,020,282 | 900,415 |
Deferred tax Income (Expenses) | 130,377 | 264,397 | 128,933 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | (121) | ||
Increase (decrease) Net exchange differences | 3,250 | (3,012) | (9,066) |
Closing balance - Liabilities | 1,415,173 | 1,281,546 | 1,020,282 |
Impairment Provision [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 8,564 | ||
Closing balance - Assets | 13,517 | 8,564 | |
Financial Instruments [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 108,910 | ||
Opening Balance - Liabilities | 25,334 | ||
Closing balance - Assets | 53,347 | 108,910 | |
Closing balance - Liabilities | 33,749 | 25,334 | |
Financial Instruments [Member] | Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 25,334 | 26,755 | 25,630 |
Deferred tax Income (Expenses) | 5,712 | (2,030) | 986 |
Deferred tax of items charged to equity | 2,704 | ||
Deferred tax of items charged to other comprehensive income | 609 | 139 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | (1) | 0 | 0 |
Closing balance - Liabilities | 33,749 | 25,334 | 26,755 |
Tax Loss Carryforward [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 24,972 | ||
Closing balance - Assets | 110,526 | 24,972 | |
Inventory [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 18,793 | ||
Opening Balance - Liabilities | 46,336 | ||
Closing balance - Assets | 20,942 | 18,793 | |
Closing balance - Liabilities | 56,531 | 46,336 | |
Inventory [Member] | Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 46,336 | 32,567 | 38,251 |
Deferred tax Income (Expenses) | 10,272 | 15,131 | (5,711) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | (1,395) | ||
Increase (decrease) Net exchange differences | (77) | 33 | 27 |
Closing balance - Liabilities | 56,531 | 46,336 | 32,567 |
Provisions for Income [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 19,323 | ||
Closing balance - Assets | 9,941 | 19,323 | |
Allowance for Doubtful Accounts [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 4,625 | ||
Closing balance - Assets | 2,472 | 4,625 | |
Intangible revaluation [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 2,301 | ||
Opening Balance - Liabilities | 12,511 | ||
Closing balance - Assets | 1,466 | 2,301 | |
Closing balance - Liabilities | 10,173 | 12,511 | |
Intangible revaluation [member] | Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 12,511 | 14,826 | 17,942 |
Deferred tax Income (Expenses) | (2,648) | (1,908) | (1,118) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 310 | (407) | (1,998) |
Closing balance - Liabilities | 10,173 | 12,511 | 14,826 |
Tax Credits [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 8,996 | ||
Closing balance - Assets | 0 | 8,996 | |
Other Deductible/Taxable Temporary Differences [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 24,328 | ||
Opening Balance - Liabilities | 18,204 | ||
Closing balance - Assets | 25,777 | 24,328 | |
Closing balance - Liabilities | 23,237 | 18,204 | |
Other Deductible/Taxable Temporary Differences [member] | Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 18,204 | 19,608 | 25,126 |
Deferred tax Income (Expenses) | 4,520 | (1,173) | (2,846) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | (179) | ||
Increase (decrease) Net exchange differences | 513 | (52) | (2,672) |
Closing balance - Liabilities | 23,237 | 18,204 | 19,608 |
Biological Assets [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 605,166 | ||
Closing balance - Liabilities | 527,988 | 605,166 | |
Biological Assets [Member] | Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 605,166 | 644,348 | 642,221 |
Deferred tax Income (Expenses) | (80,917) | (31,706) | 20,239 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | (2,946) | ||
Increase (decrease) Net exchange differences | 3,739 | (4,530) | (18,112) |
Closing balance - Liabilities | 527,988 | 605,166 | 644,348 |
Prepaid Expenses [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 38,088 | ||
Closing balance - Liabilities | 37,760 | 38,088 | |
Prepaid Expenses [Member] | Deferred tax liabilities [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Liabilities | 38,088 | 42,319 | 41,338 |
Deferred tax Income (Expenses) | (337) | (4,227) | 989 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 9 | (4) | (8) |
Closing balance - Liabilities | 37,760 | 38,088 | 42,319 |
Deferred Tax Assets [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 287,017 | 342,860 | 336,803 |
Deferred tax Income (Expenses) | 79,716 | (84,132) | 7,301 |
Deferred tax of items charged to equity | (42,480) | ||
Deferred tax of items charged to other comprehensive income | 31,500 | 13,753 | |
Decrease through loss of control in subsidiary | (283) | ||
Increase (decrease) Net exchange differences | 3,454 | (2,928) | (14,997) |
Closing balance - Assets | 327,707 | 287,017 | 342,860 |
Deferred Tax Assets [Member] | Provisions [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 5,730 | 5,042 | 5,749 |
Deferred tax Income (Expenses) | 3,051 | 745 | (267) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 129 | (57) | (440) |
Closing balance - Assets | 8,910 | 5,730 | 5,042 |
Deferred Tax Assets [Member] | Post-Employment Benefits [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 19,738 | 22,026 | 20,378 |
Deferred tax Income (Expenses) | 745 | (2,667) | 1,598 |
Deferred tax of items charged to equity | 5,403 | ||
Deferred tax of items charged to other comprehensive income | 438 | 68 | |
Decrease through loss of control in subsidiary | (56) | ||
Increase (decrease) Net exchange differences | 18 | (3) | (18) |
Closing balance - Assets | 25,904 | 19,738 | 22,026 |
Deferred Tax Assets [Member] | Accrued Liability [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 8,257 | 8,107 | 7,182 |
Deferred tax Income (Expenses) | 716 | 179 | 937 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | (24) | ||
Increase (decrease) Net exchange differences | 13 | (5) | (12) |
Closing balance - Assets | 8,986 | 8,257 | 8,107 |
Deferred Tax Assets [Member] | Property, Plant and Equipment [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 32,480 | 24,397 | 16,609 |
Deferred tax Income (Expenses) | 13,439 | 8,083 | 7,788 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 0 | 0 | 0 |
Closing balance - Assets | 45,919 | 32,480 | 24,397 |
Deferred Tax Assets [Member] | Impairment Provision [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 8,564 | 14,193 | 20,169 |
Deferred tax Income (Expenses) | 4,664 | (5,193) | (4,598) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 289 | (436) | (1,378) |
Closing balance - Assets | 13,517 | 8,564 | 14,193 |
Deferred Tax Assets [Member] | Financial Instruments [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 108,910 | 79,765 | 68,390 |
Deferred tax Income (Expenses) | (8,024) | (1,572) | (1,641) |
Deferred tax of items charged to equity | (47,883) | ||
Deferred tax of items charged to other comprehensive income | 31,062 | 13,685 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 344 | (345) | (669) |
Closing balance - Assets | 53,347 | 108,910 | 79,765 |
Deferred Tax Assets [Member] | Tax Loss Carryforward [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 24,972 | 126,405 | 133,221 |
Deferred tax Income (Expenses) | 84,068 | (99,915) | 2,605 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | (207) | ||
Increase (decrease) Net exchange differences | 1,624 | (1,311) | (9,421) |
Closing balance - Assets | 110,664 | 24,972 | 126,405 |
Deferred Tax Assets [Member] | Inventory [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 18,793 | 7,964 | 12,460 |
Deferred tax Income (Expenses) | 2,120 | 10,854 | (4,363) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 29 | (25) | (133) |
Closing balance - Assets | 20,942 | 18,793 | 7,964 |
Deferred Tax Assets [Member] | Provisions for Income [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 19,323 | 7,905 | 6,631 |
Deferred tax Income (Expenses) | (9,408) | 11,427 | 1,295 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 26 | (9) | (21) |
Closing balance - Assets | 9,941 | 19,323 | 7,905 |
Deferred Tax Assets [Member] | Allowance for Doubtful Accounts [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 4,625 | 2,427 | 4,349 |
Deferred tax Income (Expenses) | (2,155) | 2,213 | (1,545) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 2 | (15) | (377) |
Closing balance - Assets | 2,472 | 4,625 | 2,427 |
Deferred Tax Assets [Member] | Intangible revaluation [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 2,301 | 3,713 | 6,044 |
Deferred tax Income (Expenses) | (1,013) | (1,207) | (1,042) |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 178 | (205) | (1,289) |
Closing balance - Assets | 1,466 | 2,301 | 3,713 |
Deferred Tax Assets [Member] | Tax Credits [Member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 8,996 | 20,898 | 19,460 |
Deferred tax Income (Expenses) | (8,996) | (11,902) | 1,438 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 0 | ||
Increase (decrease) Net exchange differences | 0 | 0 | 0 |
Closing balance - Assets | 0 | 8,996 | 20,898 |
Deferred Tax Assets [Member] | Other Deductible/Taxable Temporary Differences [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Opening Balance - Assets | 24,328 | 20,018 | 16,161 |
Deferred tax Income (Expenses) | 509 | 4,823 | 5,096 |
Deferred tax of items charged to equity | 0 | ||
Deferred tax of items charged to other comprehensive income | 0 | 0 | |
Decrease through loss of control in subsidiary | 4 | ||
Increase (decrease) Net exchange differences | 802 | (517) | (1,239) |
Closing balance - Assets | $ 25,639 | $ 24,328 | $ 20,018 |
INCOME TAXES (Details 3)
INCOME TAXES (Details 3) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Assets | $ 327,707 | $ 287,017 | ||
Deferred Tax Liabilities, Net | 2,104,611 | 2,027,185 | ||
Deferred tax expense (income) | 12,737 | (322,616) | $ (134,171) | |
Unused tax losses [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Assets | 110,526 | 24,972 | ||
Deferred tax liabilities [Member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Liabilities, Net | 2,104,611 | 2,027,185 | 1,800,705 | $ 1,690,923 |
Deferred tax (expense) income recognised in profit or loss | 66,979 | 238,484 | 141,472 | |
Deferred tax liabilities [Member] | Temporary Differences [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred tax (expense) income recognised in profit or loss | (66,979) | (238,484) | (141,472) | |
Deferred Tax Assets [Member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Assets | 327,707 | 287,017 | 342,860 | 336,803 |
Deferred tax (expense) income recognised in profit or loss | 79,716 | (84,132) | 7,301 | |
Deferred Tax Assets [Member] | Temporary Differences [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred tax (expense) income recognised in profit or loss | (4,214) | 15,783 | 4,696 | |
Deferred Tax Assets [Member] | Unused tax losses [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Assets | 110,664 | 24,972 | 126,405 | $ 133,221 |
Deferred tax (expense) income recognised in profit or loss | 84,068 | (99,915) | $ 2,605 | |
Deductible Difference [Member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Assets | 327,707 | 287,017 | ||
Deductible Difference [Member] | Temporary Differences [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Assets | 217,181 | 262,045 | ||
Deductible Difference [Member] | Unused tax losses [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred tax assets – Tax loss carryforward | 110,526 | 24,972 | ||
Taxable Difference [Member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Liabilities, Net | 2,104,611 | 2,027,185 | ||
Taxable Difference [Member] | Temporary Differences [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred Tax Liabilities, Net | 2,104,611 | $ 2,027,185 | ||
Taxable Difference [Member] | Deferred Tax Assets [Member] | Unused tax losses [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Deferred tax (expense) income recognised in profit or loss | $ 83,930 |
INCOME TAXES (Details 4)
INCOME TAXES (Details 4) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Income Tax [Line Items] | |||
Current income tax expense | $ (350,143) | $ (254,186) | $ (80,501) |
Tax benefit arising from tax credit used to reduce current tax expense | 126,545 | 176,226 | 175,832 |
Prior period current income tax adjustments | 4,716 | (2,036) | 653 |
Other current benefit tax (expenses) | 64,024 | (302) | (3,661) |
Current Tax Expense, Net | (154,858) | (80,298) | 92,323 |
Deferred tax expense relating to origination and reversal of temporary differences | (71,331) | (222,701) | (136,776) |
Tax benefit arising from tax credits used to reduce deferred tax expense | 84,068 | (99,915) | 2,605 |
Total deferred Tax benefit (expense), Net | 12,737 | (322,616) | (134,171) |
Total income tax benefit (expense) | $ (142,121) | $ (402,914) | $ (41,848) |
INCOME TAXES (Details 5)
INCOME TAXES (Details 5) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Income Tax [Line Items] | |||
Total current income tax expense | $ (154,858) | $ (80,298) | $ 92,323 |
Total deferred tax benefit (expense) | 12,737 | (322,616) | (134,171) |
Total income tax benefit (expense) | (142,121) | (402,914) | (41,848) |
Foreign countries [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Total current income tax expense | (96,745) | (113,821) | (1,568) |
Total deferred tax benefit (expense) | 64,462 | (59,995) | (21,908) |
Domestic [member] | |||
Disclosure Of Income Tax [Line Items] | |||
Total current income tax expense | (58,113) | 33,523 | 93,891 |
Total deferred tax benefit (expense) | $ (51,725) | $ (262,621) | $ (112,263) |
INCOME TAXES (Details 6)
INCOME TAXES (Details 6) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Income Tax [Line Items] | |||
Statutory domestic (Chile) income tax rate | 27% | 27% | 27% |
Tax Expense at statutory tax rate | $ (228,514) | $ (387,319) | $ (18,131) |
Tax effect of foreign tax rates | 8,853 | (9,984) | (4,201) |
Tax effect of income exempt from taxation | 80,229 | 62,879 | 5,821 |
Tax effect of not deductible expenses | (40,149) | (29,050) | (35,113) |
Tax rate effect of previously unrecognized tax loss | 81 | 0 | 11,628 |
Tax effect of a new evaluation of deferred tax assets | 1,557 | 13,345 | 826 |
Tax effect of change in tax rates | 0 | (46,215) | 0 |
Tax effect of tax provided in excess in prior periods | 4,716 | (2,036) | 653 |
Other tax rate effects | 31,106 | (4,534) | (3,331) |
Total adjustments to tax expense at applicable tax rate | 86,393 | (15,595) | (23,717) |
Tax benefit (expense) at effective tax rate | $ (142,121) | $ (402,914) | $ (41,848) |
INCOME TAXES (Details 7)
INCOME TAXES (Details 7) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | ||
Monthly Provisional Payments (MPP) | $ 21,974 | $ 800 |
Income tax receivable | 181,705 | 218,298 |
Provision tax income | (25,341) | (22,727) |
Other tax receivables | 25,384 | 36,694 |
Total | 203,722 | 233,065 |
Provision tax income (First category) | 256,164 | 216,484 |
Monthly Provisional Payments (MPP) | (231,846) | (91,361) |
Other tax payables | 2,551 | 2,858 |
Total | $ 26,869 | $ 127,981 |
INCOME TAXES (Details Textual)
INCOME TAXES (Details Textual) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 USD ($) | Dec. 31, 2022 ARS ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 27% | 27% | 27% | 27% |
Unused tax losses for which no deferred tax asset recognised | $ 125,391 | $ 126,746 | ||
Unused tax losses for which deferred tax asset is recognised | 443,250 | 335,872 | ||
Income tax relating to cash flow hedges of other comprehensive income | 50,587 | (30,453) | $ (13,546) | |
Profit (loss) before tax | $ 846,347 | $ 1,434,513 | $ 67,153 | |
CHILE | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 27% | 27% | ||
Argentina | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 35% | 35% | ||
Losses due to new tax rate system differential to old system | $ 49,000 | |||
Argentina | Income Tax Slab Rate One [Member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 25% | 25% | ||
Profit (loss) before tax | $ 28 | $ 5,000,000 | ||
Argentina | Income Tax Slab Rate Two [Member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 30% | 30% | ||
Argentina | Income Tax Slab Rate Two [Member] | Bottom of range [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Profit (loss) before tax | $ 5,000,000 | |||
Argentina | Income Tax Slab Rate Two [Member] | Top of range [member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Profit (loss) before tax | $ 282 | $ 50,000,000 | ||
Argentina | Income Tax Slab Rate Three [Member] | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 35% | 35% | ||
Profit (loss) before tax | $ 50,000,000 | |||
BRAZIL | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 34% | 34% | ||
URUGUAY | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 25% | 25% | ||
UNITED STATES | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 26% | 26% | ||
MEXICO | ||||
Disclosure Of Income Tax [Line Items] | ||||
Applicable tax rate | 30% | 30% |
PROPERTY, PLANT AND EQUIPMENT_2
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Statement [Line Items] | |||
Property plant and equipment | $ 9,542,335 | $ 8,955,666 | $ 8,325,304 |
Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 16,621,476 | 15,596,993 | |
Accumulated depreciation and impairment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | (7,079,141) | (6,641,327) | |
Construction work in progress [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 3,592,689 | 2,822,874 | 1,944,578 |
Construction work in progress [member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 3,592,689 | 2,822,874 | |
Land [Member] | |||
Statement [Line Items] | |||
Property plant and equipment | 893,237 | 888,465 | 930,372 |
Land [Member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 893,237 | 888,465 | |
Buildings [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 2,085,868 | 2,165,318 | 2,248,784 |
Buildings [member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 4,510,660 | 4,463,660 | |
Buildings [member] | Accumulated depreciation and impairment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | (2,424,792) | (2,298,342) | |
Plant and equipment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 2,760,925 | 2,915,611 | 3,026,136 |
Plant and equipment [member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 7,220,981 | 7,079,150 | |
Plant and equipment [member] | Accumulated depreciation and impairment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | (4,460,056) | (4,163,539) | |
Information technology equipment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 22,642 | 23,516 | 26,166 |
Information technology equipment [member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 108,645 | 104,522 | |
Information technology equipment [member] | Accumulated depreciation and impairment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | (86,003) | (81,006) | |
Fixtures and fittings [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 11,017 | 13,563 | 16,627 |
Fixtures and fittings [member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 49,861 | 49,302 | |
Fixtures and fittings [member] | Accumulated depreciation and impairment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | (38,844) | (35,739) | |
Motor vehicles [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 45,927 | 13,678 | 15,055 |
Motor vehicles [member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 98,126 | 59,351 | |
Motor vehicles [member] | Accumulated depreciation and impairment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | (52,199) | (45,673) | |
Other property, plant and equipment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 130,030 | 112,641 | $ 117,586 |
Other property, plant and equipment [member] | Property, Plant and Equipment, Gross [member] | |||
Statement [Line Items] | |||
Property plant and equipment | 147,277 | 129,669 | |
Other property, plant and equipment [member] | Accumulated depreciation and impairment [member] | |||
Statement [Line Items] | |||
Property plant and equipment | $ (17,247) | $ (17,028) |
PROPERTY, PLANT AND EQUIPMENT_3
PROPERTY, PLANT AND EQUIPMENT (Details 1) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Statement [Line Items] | ||
Amount committed for the acquisition of property, plant and equipment | $ 363,504 | $ 347,839 |
PROPERTY, PLANT AND EQUIPMENT_4
PROPERTY, PLANT AND EQUIPMENT (Details 2) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | ||
Opening Balance | $ 8,955,666 | $ 8,325,304 |
Changes | ||
Additions | 1,138,154 | 1,173,156 |
Disposals | (14,697) | (38,042) |
Withdrawals | (9,584) | (15,646) |
Depreciation | (453,111) | (439,143) |
Impairment loss recognized in profit or loss | (144,154) | (15,322) |
Increase (decrease) through net exchange differences | 59,738 | (25,719) |
Reclassification of assets held for sale | (22) | 1,262 |
Increase (decrease) through transfers from construction in progress | 0 | 0 |
Reclassification from lease to Property, plant and equipment | 10,345 | 7,403 |
Decrease due to loss of control in subsidiary | (17,587) | |
Total changes | 586,669 | 630,362 |
Closing balance | 9,542,335 | 8,955,666 |
Construction work in progress [member] | ||
Statement [Line Items] | ||
Opening Balance | 2,822,874 | 1,944,578 |
Changes | ||
Additions | 1,076,619 | 1,127,150 |
Disposals | (18) | (215) |
Withdrawals | (2,573) | (2,105) |
Depreciation | 0 | 0 |
Impairment loss recognized in profit or loss | 0 | 0 |
Increase (decrease) through net exchange differences | 53 | (1,151) |
Reclassification of assets held for sale | 0 | 0 |
Increase (decrease) through transfers from construction in progress | (304,266) | (245,383) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Decrease due to loss of control in subsidiary | 0 | |
Total changes | 769,815 | 878,296 |
Closing balance | 3,592,689 | 2,822,874 |
Land [Member] | ||
Statement [Line Items] | ||
Opening Balance | 888,465 | 930,372 |
Changes | ||
Additions | 2,003 | 6,647 |
Disposals | (9,747) | (25,285) |
Withdrawals | (391) | (697) |
Depreciation | 0 | 0 |
Impairment loss recognized in profit or loss | 0 | 0 |
Increase (decrease) through net exchange differences | 11,769 | (7,181) |
Reclassification of assets held for sale | 347 | 107 |
Increase (decrease) through transfers from construction in progress | 791 | 822 |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Decrease due to loss of control in subsidiary | (16,320) | |
Total changes | 4,772 | (41,907) |
Closing balance | 893,237 | 888,465 |
Buildings [member] | ||
Statement [Line Items] | ||
Opening Balance | 2,165,318 | 2,248,784 |
Changes | ||
Additions | 13,230 | 8,440 |
Disposals | (1,571) | (953) |
Withdrawals | (569) | (2,572) |
Depreciation | (132,521) | (136,490) |
Impairment loss recognized in profit or loss | (25,611) | (14,669) |
Increase (decrease) through net exchange differences | 10,308 | (4,359) |
Reclassification of assets held for sale | 68 | 949 |
Increase (decrease) through transfers from construction in progress | 57,216 | 66,235 |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Decrease due to loss of control in subsidiary | (47) | |
Total changes | (79,450) | (83,466) |
Closing balance | 2,085,868 | 2,165,318 |
Plant and equipment [Member] | ||
Statement [Line Items] | ||
Opening Balance | 2,915,611 | 3,026,136 |
Changes | ||
Additions | 26,102 | 22,372 |
Disposals | (2,788) | (10,839) |
Withdrawals | (5,319) | (6,011) |
Depreciation | (305,572) | (288,723) |
Impairment loss recognized in profit or loss | (118,026) | (95) |
Increase (decrease) through net exchange differences | 36,234 | (12,084) |
Reclassification of assets held for sale | (437) | 206 |
Increase (decrease) through transfers from construction in progress | 210,682 | 178,611 |
Reclassification from lease to Property, plant and equipment | 4,438 | 7,251 |
Decrease due to loss of control in subsidiary | (1,213) | |
Total changes | (154,686) | (110,525) |
Closing balance | 2,760,925 | 2,915,611 |
IT Equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 23,516 | 26,166 |
Changes | ||
Additions | 815 | 1,277 |
Disposals | (221) | (170) |
Withdrawals | (286) | (42) |
Depreciation | (6,326) | (6,424) |
Impairment loss recognized in profit or loss | (4) | (454) |
Increase (decrease) through net exchange differences | 143 | (80) |
Reclassification of assets held for sale | 0 | 0 |
Increase (decrease) through transfers from construction in progress | 4,997 | 3,243 |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Decrease due to loss of control in subsidiary | 0 | |
Total changes | (874) | (2,650) |
Closing balance | 22,642 | 23,516 |
Fixtures and fittings [member] | ||
Statement [Line Items] | ||
Opening Balance | 13,563 | 16,627 |
Changes | ||
Additions | 808 | 566 |
Disposals | (273) | (4) |
Withdrawals | (15) | 0 |
Depreciation | (3,071) | (3,163) |
Impairment loss recognized in profit or loss | (521) | (9) |
Increase (decrease) through net exchange differences | 82 | 170 |
Reclassification of assets held for sale | 0 | 0 |
Increase (decrease) through transfers from construction in progress | 444 | (617) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Decrease due to loss of control in subsidiary | (7) | |
Total changes | (2,546) | (3,064) |
Closing balance | 11,017 | 13,563 |
Motor vehicles [member] | ||
Statement [Line Items] | ||
Opening Balance | 13,678 | 15,055 |
Changes | ||
Additions | 462 | 470 |
Disposals | (62) | (371) |
Withdrawals | (80) | (31) |
Depreciation | (4,477) | (3,278) |
Impairment loss recognized in profit or loss | 0 | (95) |
Increase (decrease) through net exchange differences | 503 | (219) |
Reclassification of assets held for sale | 0 | 0 |
Increase (decrease) through transfers from construction in progress | 29,996 | 1,995 |
Reclassification from lease to Property, plant and equipment | 5,907 | 152 |
Decrease due to loss of control in subsidiary | 0 | |
Total changes | 32,249 | (1,377) |
Closing balance | 45,927 | 13,678 |
Other property, plant and equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 112,641 | 117,586 |
Changes | ||
Additions | 18,115 | 6,234 |
Disposals | (17) | (205) |
Withdrawals | (351) | (4,188) |
Depreciation | (1,144) | (1,065) |
Impairment loss recognized in profit or loss | 0 | 0 |
Increase (decrease) through net exchange differences | 646 | (815) |
Reclassification of assets held for sale | 0 | 0 |
Increase (decrease) through transfers from construction in progress | 140 | (4,906) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Decrease due to loss of control in subsidiary | 0 | |
Total changes | 17,389 | (4,945) |
Closing balance | $ 130,030 | $ 112,641 |
PROPERTY, PLANT AND EQUIPMENT_5
PROPERTY, PLANT AND EQUIPMENT (Details 3) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cost of sales [member] | |||
Statement [Line Items] | |||
Depreciation expense | $ 408,248 | $ 401,672 | $ 412,750 |
Administrative expenses [member] | |||
Statement [Line Items] | |||
Depreciation expense | 18,413 | 19,228 | 18,192 |
Other expenses [member] | |||
Statement [Line Items] | |||
Depreciation expense | 15,009 | 681 | 2,054 |
Total [member] | |||
Statement [Line Items] | |||
Depreciation expense | $ 441,670 | $ 421,581 | $ 432,996 |
PROPERTY, PLANT AND EQUIPMENT_6
PROPERTY, PLANT AND EQUIPMENT (Details 4) | 12 Months Ended |
Dec. 31, 2022 | |
Buildings [member] | |
Statement [Line Items] | |
Average useful live Property Plant and Equipment | 58 |
Plant and equipment [member] | |
Statement [Line Items] | |
Average useful live Property Plant and Equipment | 30 |
Information technology equipment [member] | |
Statement [Line Items] | |
Average useful live Property Plant and Equipment | 8 |
Fixtures and fittings [member] | |
Statement [Line Items] | |
Average useful live Property Plant and Equipment | 28 |
Motor vehicles [member] | |
Statement [Line Items] | |
Average useful live Property Plant and Equipment | 7 |
Other property, plant and equipment [member] | |
Statement [Line Items] | |
Average useful live Property Plant and Equipment | 14 |
LEASES (Details)
LEASES (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Statement [Line Items] | ||
Right of use assets | $ 306,487 | $ 180,106 |
Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 529,325 | 349,131 |
Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | (222,838) | (169,025) |
Land [Member] | ||
Statement [Line Items] | ||
Right of use assets | 195,290 | 72,384 |
Land [Member] | Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 230,231 | 94,283 |
Land [Member] | Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | (34,941) | (21,899) |
Buildings [member] | ||
Statement [Line Items] | ||
Right of use assets | 16,731 | 20,682 |
Buildings [member] | Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 32,610 | 32,625 |
Buildings [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | (15,879) | (11,943) |
Plant and equipment [member] | ||
Statement [Line Items] | ||
Right of use assets | 66,709 | 17,198 |
Plant and equipment [member] | Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 86,870 | 31,235 |
Plant and equipment [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | (20,161) | (14,037) |
Information technology equipment [Member] | ||
Statement [Line Items] | ||
Right of use assets | 157 | 224 |
Information technology equipment [Member] | Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 630 | 652 |
Information technology equipment [Member] | Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | (473) | (428) |
Fixtures and fittings [member] | ||
Statement [Line Items] | ||
Right of use assets | 0 | 218 |
Fixtures and fittings [member] | Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 0 | 1,512 |
Fixtures and fittings [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | 0 | (1,294) |
Motor vehicles [member] | ||
Statement [Line Items] | ||
Right of use assets | 24,437 | 55,093 |
Motor vehicles [member] | Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 175,261 | 168,682 |
Motor vehicles [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | (150,824) | (113,589) |
Other property, plant and equipment [member] | ||
Statement [Line Items] | ||
Right of use assets | 3,163 | 14,307 |
Other property, plant and equipment [member] | Gross carrying amount [member] | ||
Statement [Line Items] | ||
Right of use assets | 3,723 | 20,142 |
Other property, plant and equipment [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Statement [Line Items] | ||
Right of use assets | $ (560) | $ (5,835) |
LEASES (Details 1)
LEASES (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | ||
Opening Balance | $ 8,955,666 | $ 8,325,304 |
Changes | ||
Additions | 1,138,154 | 1,173,156 |
Withdrawals | (9,584) | (15,646) |
Depreciation | (453,111) | (439,143) |
Increase (decrease) through net exchange differences | 59,738 | (25,719) |
Reclassification from lease to Property, plant and equipment | 10,345 | 7,403 |
Increase (decrease) through others | 0 | 0 |
Total changes | 586,669 | 630,362 |
Closing balance | 9,542,335 | 8,955,666 |
Land [Member] | ||
Statement [Line Items] | ||
Opening Balance | 888,465 | 930,372 |
Changes | ||
Additions | 2,003 | 6,647 |
Withdrawals | (391) | (697) |
Depreciation | 0 | 0 |
Increase (decrease) through net exchange differences | 11,769 | (7,181) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 791 | 822 |
Total changes | 4,772 | (41,907) |
Closing balance | 893,237 | 888,465 |
Buildings [member] | ||
Statement [Line Items] | ||
Opening Balance | 2,165,318 | 2,248,784 |
Changes | ||
Additions | 13,230 | 8,440 |
Withdrawals | (569) | (2,572) |
Depreciation | (132,521) | (136,490) |
Increase (decrease) through net exchange differences | 10,308 | (4,359) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 57,216 | 66,235 |
Total changes | (79,450) | (83,466) |
Closing balance | 2,085,868 | 2,165,318 |
Plant and equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 2,915,611 | 3,026,136 |
Changes | ||
Additions | 26,102 | 22,372 |
Withdrawals | (5,319) | (6,011) |
Depreciation | (305,572) | (288,723) |
Increase (decrease) through net exchange differences | 36,234 | (12,084) |
Reclassification from lease to Property, plant and equipment | 4,438 | 7,251 |
Increase (decrease) through others | 210,682 | 178,611 |
Total changes | (154,686) | (110,525) |
Closing balance | 2,760,925 | 2,915,611 |
IT Equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 23,516 | 26,166 |
Changes | ||
Additions | 815 | 1,277 |
Withdrawals | (286) | (42) |
Depreciation | (6,326) | (6,424) |
Increase (decrease) through net exchange differences | 143 | (80) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 4,997 | 3,243 |
Total changes | (874) | (2,650) |
Closing balance | 22,642 | 23,516 |
Fixtures and fittings [member] | ||
Statement [Line Items] | ||
Opening Balance | 13,563 | 16,627 |
Changes | ||
Additions | 808 | 566 |
Withdrawals | (15) | 0 |
Depreciation | (3,071) | (3,163) |
Increase (decrease) through net exchange differences | 82 | 170 |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 444 | (617) |
Total changes | (2,546) | (3,064) |
Closing balance | 11,017 | 13,563 |
Motor vehicles [member] | ||
Statement [Line Items] | ||
Opening Balance | 13,678 | 15,055 |
Changes | ||
Additions | 462 | 470 |
Withdrawals | (80) | (31) |
Depreciation | (4,477) | (3,278) |
Increase (decrease) through net exchange differences | 503 | (219) |
Reclassification from lease to Property, plant and equipment | 5,907 | 152 |
Increase (decrease) through others | 29,996 | 1,995 |
Total changes | 32,249 | (1,377) |
Closing balance | 45,927 | 13,678 |
Other property, plant and equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 112,641 | 117,586 |
Changes | ||
Additions | 18,115 | 6,234 |
Withdrawals | (351) | (4,188) |
Depreciation | (1,144) | (1,065) |
Increase (decrease) through net exchange differences | 646 | (815) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 140 | (4,906) |
Total changes | 17,389 | (4,945) |
Closing balance | 130,030 | 112,641 |
Right-of-use assets [member] | ||
Statement [Line Items] | ||
Opening Balance | 180,106 | 219,134 |
Changes | ||
Additions | 202,938 | 35,187 |
Withdrawals | (1,323) | (3,316) |
Depreciation | (65,408) | (62,581) |
Revaluation | (38) | |
Increase (decrease) through net exchange differences | 320 | (910) |
Reclassification from lease to Property, plant and equipment | (10,346) | (7,403) |
Increase (decrease) through others | 200 | 33 |
Total changes | 126,381 | (39,028) |
Closing balance | 306,487 | 180,106 |
Right-of-use assets [member] | Land [Member] | ||
Statement [Line Items] | ||
Opening Balance | 72,384 | 60,761 |
Changes | ||
Additions | 135,407 | 21,391 |
Withdrawals | 0 | (16) |
Depreciation | (12,660) | (9,108) |
Revaluation | 0 | |
Increase (decrease) through net exchange differences | 159 | (644) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 0 | 0 |
Total changes | 122,906 | 11,623 |
Closing balance | 195,290 | 72,384 |
Right-of-use assets [member] | Buildings [member] | ||
Statement [Line Items] | ||
Opening Balance | 20,682 | 19,954 |
Changes | ||
Additions | 2,531 | 11,557 |
Withdrawals | (1,101) | (2,976) |
Depreciation | (5,400) | (5,386) |
Revaluation | (7) | |
Increase (decrease) through net exchange differences | 22 | (6) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | (3) | (2,454) |
Total changes | (3,951) | 728 |
Closing balance | 16,731 | 20,682 |
Right-of-use assets [member] | Plant and equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 17,198 | 24,035 |
Changes | ||
Additions | 56,720 | 1,617 |
Withdrawals | (15) | 0 |
Depreciation | (7,174) | (7,315) |
Revaluation | 0 | |
Increase (decrease) through net exchange differences | 8 | (275) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | (28) | (864) |
Total changes | 49,511 | (6,837) |
Closing balance | 66,709 | 17,198 |
Right-of-use assets [member] | IT Equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 224 | 380 |
Changes | ||
Additions | 148 | 127 |
Withdrawals | 0 | 0 |
Depreciation | (229) | (255) |
Revaluation | 0 | |
Increase (decrease) through net exchange differences | 14 | (6) |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 0 | (22) |
Total changes | (67) | (156) |
Closing balance | 157 | 224 |
Right-of-use assets [member] | Fixtures and fittings [member] | ||
Statement [Line Items] | ||
Opening Balance | 218 | 698 |
Changes | ||
Additions | 0 | 0 |
Withdrawals | (203) | 0 |
Depreciation | (15) | (356) |
Increase (decrease) through net exchange differences | 0 | 0 |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 0 | (124) |
Total changes | (218) | (480) |
Closing balance | 0 | 218 |
Right-of-use assets [member] | Motor vehicles [member] | ||
Statement [Line Items] | ||
Opening Balance | 55,093 | 92,951 |
Changes | ||
Additions | 7,827 | 495 |
Withdrawals | (4) | (226) |
Depreciation | (38,596) | (38,090) |
Revaluation | (31) | |
Increase (decrease) through net exchange differences | 117 | 21 |
Reclassification from lease to Property, plant and equipment | 0 | 0 |
Increase (decrease) through others | 0 | (27) |
Total changes | (30,656) | (37,858) |
Closing balance | 24,437 | 55,093 |
Right-of-use assets [member] | Other property, plant and equipment [member] | ||
Statement [Line Items] | ||
Opening Balance | 14,307 | 20,355 |
Changes | ||
Additions | 305 | 0 |
Withdrawals | 0 | (98) |
Depreciation | (1,334) | (2,071) |
Revaluation | 0 | |
Increase (decrease) through net exchange differences | 0 | 0 |
Reclassification from lease to Property, plant and equipment | (10,346) | (7,403) |
Increase (decrease) through others | 231 | 3,524 |
Total changes | (11,144) | (6,048) |
Closing balance | $ 3,163 | $ 14,307 |
LEASES (Details 2)
LEASES (Details 2) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Statement [Line Items] | |||
Right of use assets | $ 50,617 | $ 52,636 | $ 67,455 |
Cost of sales [member] | |||
Statement [Line Items] | |||
Right of use assets | 40,539 | 43,284 | 57,785 |
Distribution cost [Member] | |||
Statement [Line Items] | |||
Right of use assets | 2,975 | 2,291 | 1,664 |
Administrative expenses [member] | |||
Statement [Line Items] | |||
Right of use assets | $ 7,103 | $ 7,061 | $ 8,006 |
LEASES (Details 3)
LEASES (Details 3) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Expenses from payments of variable leases | $ 208,812 | $ 141,775 | $ 142,064 |
Expenses from low value leases | 6,696 | 3,051 | 3,758 |
Expenses from short-term leases | 34,857 | 21,993 | 28,120 |
Total | $ 250,365 | $ 166,819 | $ 173,942 |
LEASES (Details 4)
LEASES (Details 4) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Statement [Line Items] | ||
Gross | $ 30,817 | $ 27 |
Interest | 1,882 | 0 |
Present Value | 28,935 | 27 |
Less than one year [member] | ||
Statement [Line Items] | ||
Gross | 5,067 | 27 |
Interest | 0 | 0 |
Present Value | 5,067 | 27 |
Between one and five years [member] | ||
Statement [Line Items] | ||
Gross | 25,750 | 0 |
Interest | 1,882 | 0 |
Present Value | 23,868 | 0 |
More than five years [member] | ||
Statement [Line Items] | ||
Gross | 0 | 0 |
Interest | 0 | 0 |
Present Value | $ 0 | $ 0 |
REVENUE (Details)
REVENUE (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Revenue from sales of goods | $ 6,997,617 | $ 6,251,442 | $ 4,662,312 |
Revenue from rendering of services | 104,453 | 98,319 | 70,557 |
Total | $ 7,102,070 | $ 6,349,761 | $ 4,732,869 |
EMPLOYEE BENEFITS (Details)
EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Employee expenses | $ 718,990 | $ 670,616 | $ 598,070 |
Wages and salaries | 697,833 | 651,371 | 577,634 |
Severance indemnities | $ 21,157 | $ 19,245 | $ 20,436 |
EMPLOYEE BENEFITS (Details 1)
EMPLOYEE BENEFITS (Details 1) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Discount rate | 3.02% | 2.56% | 1.81% |
Inflation | 3.20% | 3.20% | 3% |
Annual rate of wage growth | 5.22% | 5.22% | 5.22% |
Mortality rate | RV-2014 | RV-2014 | RV-2014 |
EMPLOYEE BENEFITS (Details 2)
EMPLOYEE BENEFITS (Details 2) $ in Thousands | Dec. 31, 2022 USD ($) |
Discount rate [member] | |
Statement [Line Items] | |
Increase in 100 bps | $ (7,332) |
Decrease in 100 bps | 8,156 |
Wage growth rates [member] | |
Statement [Line Items] | |
Increase in 100 bps | 6,688 |
Decrease in 100 bps | $ (5,387) |
EMPLOYEE BENEFITS (Details 2 Pa
EMPLOYEE BENEFITS (Details 2 Parenthetical) | Dec. 31, 2022 |
Discount rate [member] | |
Statement [Line Items] | |
Basis points of reasonably possible increase in actuarial assumption | 100 |
Basis points of reasonably possible decrease in actuarial assumption | 100 |
Wage growth rates [member] | |
Statement [Line Items] | |
Basis points of reasonably possible increase in actuarial assumption | 100 |
Basis points of reasonably possible decrease in actuarial assumption | 100 |
EMPLOYEE BENEFITS (Details 3)
EMPLOYEE BENEFITS (Details 3) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | ||
Current | $ 7,571 | $ 4,593 |
Non-current | 87,689 | 67,967 |
Total | 95,260 | 72,560 |
Opening balance | 72,560 | 81,395 |
Current service cost | 6,832 | 4,064 |
Interest cost | 3,673 | 3,271 |
(Gains) losses from changes in actuarial assumptions | 727 | (5,784) |
Actuarial gains and losses arising from experience | 19,285 | 7,409 |
Benefits paid | (7,561) | (3,936) |
Decrease due to sale of subsidiary | 0 | (393) |
Increase (decrease) for foreign currency exchange rates changes | (256) | (13,466) |
Closing balance | $ 95,260 | $ 72,560 |
EMPLOYEE BENEFITS (Details Text
EMPLOYEE BENEFITS (Details Textual) | 12 Months Ended |
Dec. 31, 2022 People | |
Disclosure Of Employee Benefits [Abstract] | |
Average staffing | 19,043 |
BALANCES IN FOREIGN CURRENCY _3
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Statement [Line Items] | ||||
Cash and Cash Equivalents | $ 667,207 | $ 1,011,100 | $ 1,064,714 | $ 1,560,012 |
Other current financial assets | 15,350 | 5,865 | ||
Other current non-financial assets | 206,059 | 167,890 | ||
Trade and other current receivables | 878,008 | 979,923 | ||
Accounts receivable due from related companies | 2,850 | 5,559 | ||
Current Inventories | 1,470,011 | 1,176,898 | ||
Current biological assets | 330,435 | 329,586 | ||
Current tax assets | 203,722 | 233,065 | ||
Non-current assets or disposal groups classified as held for sale | 3,773,642 | 3,909,886 | ||
Non-current assets or disposal groups classified as held for sale | 1,279 | 14,158 | ||
Total Current Assets | 3,774,921 | 3,924,044 | ||
Other non-current financial assets | 63,321 | 10,525 | ||
Other non-current non-financial assets | 92,514 | 88,549 | ||
Trade and other non-current receivables | 32,674 | 14,338 | ||
Investments accounted for using equity method | 365,671 | 336,642 | 316,939 | |
Intangible assets other than goodwill | 73,439 | 84,210 | ||
Goodwill | 54,800 | 57,697 | 59,567 | |
Property, plant and equipment | 9,542,335 | 8,955,666 | ||
Right of use assets | 306,487 | 180,106 | ||
Non-current biological assets | 2,864,935 | 3,008,897 | ||
Deferred tax assets | 9,011 | 7,637 | 6,041 | |
Total Non-Current Assets | 13,405,187 | 12,744,267 | 12,483,994 | |
Total assets | 17,180,108 | 16,668,311 | $ 16,028,319 | |
U.S Dollar [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 395,254 | 703,232 | ||
Other current financial assets | 15,350 | 5,865 | ||
Other current non-financial assets | 18,727 | 25,774 | ||
Trade and other current receivables | 614,204 | 789,236 | ||
Accounts receivable due from related companies | 0 | 0 | ||
Current Inventories | 1,298,649 | 1,052,147 | ||
Current biological assets | 264,858 | 269,769 | ||
Current tax assets | 174,287 | 228,270 | ||
Non-current assets or disposal groups classified as held for sale | 2,781,329 | 3,074,293 | ||
Non-current assets or disposal groups classified as held for sale | 1,215 | 14,098 | ||
Total Current Assets | 2,782,544 | 3,088,391 | ||
Other non-current financial assets | 63,321 | 10,525 | ||
Other non-current non-financial assets | 2,980 | 1,639 | ||
Trade and other non-current receivables | 5,880 | 11,806 | ||
Investments accounted for using equity method | 87,826 | 78,216 | ||
Intangible assets other than goodwill | 71,141 | 82,370 | ||
Goodwill | 41,408 | 41,534 | ||
Property, plant and equipment | 9,024,490 | 8,489,503 | ||
Right of use assets | 161,087 | 150,220 | ||
Non-current biological assets | 2,549,796 | 2,782,660 | ||
Deferred tax assets | 5,035 | 3,968 | ||
Total Non-Current Assets | 12,012,964 | 11,652,441 | ||
Total assets | 14,795,508 | 14,740,832 | ||
Euros [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 4,884 | 5,755 | ||
Other current financial assets | 0 | 0 | ||
Other current non-financial assets | 115 | 166 | ||
Trade and other current receivables | 36,425 | 21,884 | ||
Accounts receivable due from related companies | 0 | 0 | ||
Current Inventories | 0 | 0 | ||
Current biological assets | 0 | 0 | ||
Current tax assets | 0 | 0 | ||
Non-current assets or disposal groups classified as held for sale | 41,424 | 27,805 | ||
Non-current assets or disposal groups classified as held for sale | 0 | 0 | ||
Total Current Assets | 41,424 | 27,805 | ||
Other non-current financial assets | 0 | 0 | ||
Other non-current non-financial assets | 0 | 0 | ||
Trade and other non-current receivables | 0 | 0 | ||
Investments accounted for using equity method | 203,443 | 203,505 | ||
Intangible assets other than goodwill | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Property, plant and equipment | 0 | 0 | ||
Right of use assets | 0 | 0 | ||
Non-current biological assets | 0 | 0 | ||
Deferred tax assets | 0 | 0 | ||
Total Non-Current Assets | 203,443 | 203,505 | ||
Total assets | 244,867 | 231,310 | ||
Brazilian Real [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 103,829 | 160,896 | ||
Other current financial assets | 0 | 0 | ||
Other current non-financial assets | 17,745 | 18,209 | ||
Trade and other current receivables | 50,646 | 39,142 | ||
Accounts receivable due from related companies | 0 | 0 | ||
Current Inventories | 130,707 | 89,521 | ||
Current biological assets | 65,577 | 59,817 | ||
Current tax assets | 8,333 | 3,047 | ||
Non-current assets or disposal groups classified as held for sale | 376,837 | 370,632 | ||
Non-current assets or disposal groups classified as held for sale | 15 | 14 | ||
Total Current Assets | 376,852 | 370,646 | ||
Other non-current financial assets | 0 | 0 | ||
Other non-current non-financial assets | 16,022 | 12,244 | ||
Trade and other non-current receivables | 0 | 0 | ||
Investments accounted for using equity method | 36,489 | 26,823 | ||
Intangible assets other than goodwill | 1,940 | 1,675 | ||
Goodwill | 13,392 | 16,163 | ||
Property, plant and equipment | 389,522 | 340,314 | ||
Right of use assets | 144,626 | 29,886 | ||
Non-current biological assets | 315,139 | 226,237 | ||
Deferred tax assets | 3,500 | 2,768 | ||
Total Non-Current Assets | 920,630 | 656,110 | ||
Total assets | 1,297,482 | 1,026,756 | ||
Argentine Pesos [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 97,859 | 112,234 | ||
Other current financial assets | 0 | 0 | ||
Other current non-financial assets | 5,333 | 5,900 | ||
Trade and other current receivables | 38,000 | 22,721 | ||
Accounts receivable due from related companies | 0 | 0 | ||
Current Inventories | 0 | 0 | ||
Current biological assets | 0 | 0 | ||
Current tax assets | 10,296 | 0 | ||
Non-current assets or disposal groups classified as held for sale | 151,488 | 140,855 | ||
Non-current assets or disposal groups classified as held for sale | 0 | 0 | ||
Total Current Assets | 151,488 | 140,855 | ||
Other non-current financial assets | 0 | 0 | ||
Other non-current non-financial assets | 97 | 56 | ||
Trade and other non-current receivables | 0 | 0 | ||
Investments accounted for using equity method | 0 | 0 | ||
Intangible assets other than goodwill | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Property, plant and equipment | 0 | 0 | ||
Right of use assets | 0 | 0 | ||
Non-current biological assets | 0 | 0 | ||
Deferred tax assets | 0 | 0 | ||
Total Non-Current Assets | 97 | 56 | ||
Total assets | 151,585 | 140,911 | ||
Mexican Pesos [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 28,564 | 20,467 | ||
Other current financial assets | 0 | 0 | ||
Other current non-financial assets | 2,979 | 3,717 | ||
Trade and other current receivables | 33,089 | 31,288 | ||
Accounts receivable due from related companies | 0 | 0 | ||
Current Inventories | 39,353 | 32,947 | ||
Current biological assets | 0 | 0 | ||
Current tax assets | 9,495 | 452 | ||
Non-current assets or disposal groups classified as held for sale | 113,480 | 88,871 | ||
Non-current assets or disposal groups classified as held for sale | 49 | 46 | ||
Total Current Assets | 113,529 | 88,917 | ||
Other non-current financial assets | 0 | 0 | ||
Other non-current non-financial assets | 742 | 740 | ||
Trade and other non-current receivables | 0 | 0 | ||
Investments accounted for using equity method | 0 | 0 | ||
Intangible assets other than goodwill | 358 | 165 | ||
Goodwill | 0 | 0 | ||
Property, plant and equipment | 127,120 | 124,984 | ||
Right of use assets | 774 | 0 | ||
Non-current biological assets | 0 | 0 | ||
Deferred tax assets | 476 | 901 | ||
Total Non-Current Assets | 129,470 | 126,790 | ||
Total assets | 242,999 | 215,707 | ||
Other Country Currencies [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 26,793 | 4,311 | ||
Other current financial assets | 0 | 0 | ||
Other current non-financial assets | 7,406 | 6,165 | ||
Trade and other current receivables | 1,972 | 5,023 | ||
Accounts receivable due from related companies | 0 | 0 | ||
Current Inventories | 0 | 0 | ||
Current biological assets | 0 | 0 | ||
Current tax assets | 1,137 | 1,288 | ||
Non-current assets or disposal groups classified as held for sale | 37,308 | 16,787 | ||
Non-current assets or disposal groups classified as held for sale | 0 | 0 | ||
Total Current Assets | 37,308 | 16,787 | ||
Other non-current financial assets | 0 | 0 | ||
Other non-current non-financial assets | 8 | 8 | ||
Trade and other non-current receivables | 0 | 0 | ||
Investments accounted for using equity method | 0 | 0 | ||
Intangible assets other than goodwill | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Property, plant and equipment | 0 | 0 | ||
Right of use assets | 0 | 0 | ||
Non-current biological assets | 0 | 0 | ||
Deferred tax assets | 0 | 0 | ||
Total Non-Current Assets | 8 | 8 | ||
Total assets | 37,316 | 16,795 | ||
Chilean Pesos [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 10,024 | 4,205 | ||
Other current financial assets | 0 | 0 | ||
Other current non-financial assets | 153,754 | 107,959 | ||
Trade and other current receivables | 97,616 | 70,127 | ||
Accounts receivable due from related companies | 2,850 | 5,559 | ||
Current Inventories | 1,302 | 2,283 | ||
Current biological assets | 0 | 0 | ||
Current tax assets | 174 | 8 | ||
Non-current assets or disposal groups classified as held for sale | 265,720 | 190,141 | ||
Non-current assets or disposal groups classified as held for sale | 0 | 0 | ||
Total Current Assets | 265,720 | 190,141 | ||
Other non-current financial assets | 0 | 0 | ||
Other non-current non-financial assets | 72,665 | 73,862 | ||
Trade and other non-current receivables | 3,434 | 2,492 | ||
Investments accounted for using equity method | 37,913 | 28,098 | ||
Intangible assets other than goodwill | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Property, plant and equipment | 1,203 | 865 | ||
Right of use assets | 0 | 0 | ||
Non-current biological assets | 0 | 0 | ||
Deferred tax assets | 0 | 0 | ||
Total Non-Current Assets | 115,215 | 105,317 | ||
Total assets | 380,935 | 295,458 | ||
U.F. [Member] | ||||
Statement [Line Items] | ||||
Cash and Cash Equivalents | 0 | 0 | ||
Other current financial assets | 0 | 0 | ||
Other current non-financial assets | 0 | 0 | ||
Trade and other current receivables | 6,056 | 502 | ||
Accounts receivable due from related companies | 0 | 0 | ||
Current Inventories | 0 | 0 | ||
Current biological assets | 0 | 0 | ||
Current tax assets | 0 | 0 | ||
Non-current assets or disposal groups classified as held for sale | 6,056 | 502 | ||
Non-current assets or disposal groups classified as held for sale | 0 | 0 | ||
Total Current Assets | 6,056 | 502 | ||
Other non-current financial assets | 0 | 0 | ||
Other non-current non-financial assets | 0 | 0 | ||
Trade and other non-current receivables | 23,360 | 40 | ||
Investments accounted for using equity method | 0 | 0 | ||
Intangible assets other than goodwill | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Property, plant and equipment | 0 | 0 | ||
Right of use assets | 0 | |||
Non-current biological assets | 0 | 0 | ||
Deferred tax assets | 0 | 0 | ||
Total Non-Current Assets | 23,360 | 40 | ||
Total assets | $ 29,416 | $ 542 |
BALANCES IN FOREIGN CURRENCY _4
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS. (Details 1) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Statement [Line Items] | |||
Other current financial liabilities | $ 375,451 | $ 339,441 | |
Current lease liabilities | 36,784 | 49,603 | |
Trade and other current payables | 812,838 | 738,457 | |
Accounts payable to related companies | 14,280 | 2,577 | |
Other short-term provisions | 9,513 | 337 | |
Current tax liabilities | 26,869 | 127,981 | |
Current provisions for employee benefits | 7,571 | 4,593 | |
Other current non-financial liabilities | 242,978 | 173,654 | |
Total current liabilities | 1,526,284 | 1,436,643 | |
Other non-current financial liabilities | 5,155,371 | 5,374,864 | |
Non-current lease liabilities | 227,440 | 113,701 | |
Other non-current payables | 20,116 | 2,272 | |
Non-current accounts payable to related companies | 6,731 | 0 | |
Other long-term provisions | 40,706 | 29,549 | |
Deferred tax liabilities | 1,785,915 | 1,747,805 | $ 1,463,886 |
Non-current provisions for employee benefits | 87,689 | 67,967 | |
Other non-current non-financial liabilities | 69,872 | 77,006 | |
Total non-current liabilities | 7,393,840 | 7,413,164 | |
Total liabilities | 8,920,124 | 8,849,807 | $ 8,612,684 |
US dollars [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 252,091 | 225,502 | |
Current lease liabilities | 10,636 | 9,140 | |
Trade and other current payables | 234,226 | 288,172 | |
Accounts payable to related companies | 202 | 230 | |
Other short-term provisions | 7,934 | 337 | |
Current tax liabilities | 19,482 | 59,319 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 192,359 | 131,214 | |
Total current liabilities | 716,930 | 713,914 | |
Other non-current financial liabilities | 3,637,416 | 3,917,343 | |
Non-current lease liabilities | 120,656 | 69,905 | |
Other non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 1,677 | 0 | |
Deferred tax liabilities | 1,681,957 | 1,664,506 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Total non-current liabilities | 5,441,706 | 5,651,754 | |
Total liabilities | 6,158,636 | 6,365,668 | |
Euro [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 69,139 | 66,707 | |
Current lease liabilities | 91 | 107 | |
Trade and other current payables | 23,277 | 13,955 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 5,123 | 7,655 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 51 | 73 | |
Total current liabilities | 97,681 | 88,497 | |
Other non-current financial liabilities | 386,186 | 442,833 | |
Non-current lease liabilities | 110 | 159 | |
Other non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Total non-current liabilities | 386,296 | 442,992 | |
Total liabilities | 483,977 | 531,489 | |
Brazilian Real [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 2,810 | 884 | |
Current lease liabilities | 10,063 | 4,208 | |
Trade and other current payables | 82,988 | 79,653 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 264 | 0 | |
Current tax liabilities | 1,512 | 4,339 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 33,011 | 24,680 | |
Total current liabilities | 130,648 | 113,764 | |
Other non-current financial liabilities | 67,080 | 26,880 | |
Non-current lease liabilities | 91,206 | 17,694 | |
Other non-current payables | 2,462 | 2,272 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 12,512 | 3,489 | |
Deferred tax liabilities | 97,822 | 77,637 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 69,849 | 76,982 | |
Total non-current liabilities | 340,931 | 204,954 | |
Total liabilities | 471,579 | 318,718 | |
Argentine Pesos [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 17 | 133 | |
Trade and other current payables | 54,078 | 16,616 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 0 | 44,856 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 5,120 | 4,679 | |
Total current liabilities | 59,215 | 66,284 | |
Other non-current financial liabilities | 0 | 0 | |
Non-current lease liabilities | 0 | 0 | |
Other non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 26,517 | 26,060 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 10 | 14 | |
Total non-current liabilities | 26,527 | 26,074 | |
Total liabilities | 85,742 | 92,358 | |
Mexican Pesos [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 0 | 0 | |
Current lease liabilities | 1,579 | 1,391 | |
Trade and other current payables | 16,791 | 27,889 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 752 | 11,803 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 4,828 | 7,195 | |
Total current liabilities | 23,950 | 48,278 | |
Other non-current financial liabilities | 0 | 0 | |
Non-current lease liabilities | 1,659 | 2,377 | |
Other non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 6,136 | 5,662 | |
Non-current provisions for employee benefits | 957 | 842 | |
Other non-current non-financial liabilities | 0 | 0 | |
Total non-current liabilities | 8,752 | 8,881 | |
Total liabilities | 32,702 | 57,159 | |
Other Country Currencies [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 0 | 0 | |
Current lease liabilities | 23 | 63 | |
Trade and other current payables | 10,476 | 8,761 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 0 | 0 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 16 | 739 | |
Total current liabilities | 10,515 | 9,563 | |
Other non-current financial liabilities | 0 | 0 | |
Non-current lease liabilities | 0 | 107 | |
Other non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Total non-current liabilities | 0 | 107 | |
Total liabilities | 10,515 | 9,670 | |
Chilean Pesos [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 0 | 0 | |
Current lease liabilities | 10,716 | 26,944 | |
Trade and other current payables | 351,646 | 268,624 | |
Accounts payable to related companies | 14,078 | 2,347 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 0 | 9 | |
Current provisions for employee benefits | 7,571 | 4,593 | |
Other current non-financial liabilities | 7,593 | 5,074 | |
Total current liabilities | 391,604 | 307,591 | |
Other non-current financial liabilities | 0 | 0 | |
Non-current lease liabilities | 549 | 11,334 | |
Other non-current payables | 17,654 | 0 | |
Non-current accounts payable to related companies | 6,731 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 86,732 | 67,125 | |
Other non-current non-financial liabilities | 13 | 10 | |
Total non-current liabilities | 111,679 | 78,469 | |
Total liabilities | 503,283 | 386,060 | |
Unidad de Fomento [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 51,394 | 46,215 | |
Current lease liabilities | 3,676 | 7,750 | |
Trade and other current payables | 39,356 | 34,787 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 1,315 | 0 | |
Current tax liabilities | 0 | 0 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 0 | 0 | |
Total current liabilities | 95,741 | 88,752 | |
Other non-current financial liabilities | 1,064,689 | 987,808 | |
Non-current lease liabilities | 13,260 | 12,125 | |
Other non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Total non-current liabilities | 1,077,949 | 999,933 | |
Total liabilities | $ 1,173,690 | $ 1,088,685 |
BALANCES IN FOREIGN CURRENCY _5
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS. (Details 2) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Statement [Line Items] | |||
Total Liabilities, current | $ 1,526,284 | $ 1,436,643 | |
Other current financial liabilities | 375,451 | 339,441 | |
Current lease liabilities | 36,784 | 49,603 | |
Trade and other current payables | 812,838 | 738,457 | |
Accounts payable to related companies | 14,280 | 2,577 | |
Other short-term provisions | 9,513 | 337 | |
Current tax liabilities | 26,869 | 127,981 | |
Current provisions for employee benefits | 7,571 | 4,593 | |
Other current non-financial liabilities | 242,978 | 173,654 | |
Total non-current liabilities | 7,393,840 | 7,413,164 | |
Other non-current financial liabilities | 5,155,371 | 5,374,864 | |
Non-current lease liabilities | 227,440 | 113,701 | |
Non-current payables | 20,116 | 2,272 | |
Non-current accounts payable to related companies | 6,731 | 0 | |
Other long-term provisions | 40,706 | 29,549 | |
Deferred tax liabilities | 1,785,915 | 1,747,805 | $ 1,463,886 |
Non-current provisions for employee benefits | 87,689 | 67,967 | |
Other non-current non-financial liabilities | 69,872 | 77,006 | |
Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Total non-current liabilities | 2,392,390 | 2,342,748 | |
Other non-current financial liabilities | 1,028,450 | 1,097,939 | |
Bank borrowings | 368,353 | 227,008 | |
Other borrowings | 660,097 | 870,931 | |
Non-current lease liabilities | 45,904 | 44,459 | |
Non-current payables | 2,462 | 2,272 | |
Non-current accounts payable to related companies | 3,283 | 0 | |
Other long-term provisions | 40,706 | 29,549 | |
Deferred tax liabilities | 1,152,877 | 1,067,067 | |
Non-current provisions for employee benefits | 77,746 | 67,951 | |
Other non-current non-financial liabilities | 40,962 | 33,511 | |
Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Total non-current liabilities | 1,104,841 | 661,414 | |
Other non-current financial liabilities | 947,217 | 582,606 | |
Bank borrowings | 164,873 | 325,244 | |
Other borrowings | 782,344 | 257,362 | |
Non-current lease liabilities | 38,906 | 26,083 | |
Non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | 0 | |
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 94,256 | 23,521 | |
Non-current provisions for employee benefits | 9,943 | 0 | |
Other non-current non-financial liabilities | 14,519 | 29,204 | |
Not later than three months [member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 1,241,515 | 1,111,151 | |
Other current financial liabilities | 141,110 | 59,007 | |
Bank Loans | 109,889 | 29,658 | |
Other Loans | 31,221 | 29,349 | |
Current lease liabilities | 11,339 | 13,204 | |
Trade and other current payables | 795,533 | 732,189 | |
Accounts payable to related companies | 14,280 | 2,577 | |
Other short-term provisions | 8,198 | 337 | |
Current tax liabilities | 24,251 | 126,059 | |
Current provisions for employee benefits | 6,706 | 4,124 | |
Other current non-financial liabilities | 240,098 | 173,654 | |
Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 284,769 | 325,492 | |
Other current financial liabilities | 234,341 | 280,434 | |
Bank Loans | 167,905 | 219,177 | |
Other Loans | 66,436 | 61,257 | |
Current lease liabilities | 25,445 | 36,399 | |
Trade and other current payables | 17,305 | 6,268 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 1,315 | 0 | |
Current tax liabilities | 2,618 | 1,922 | |
Current provisions for employee benefits | 865 | 469 | |
Other current non-financial liabilities | 2,880 | 0 | |
Later than five years [member] | |||
Statement [Line Items] | |||
Total non-current liabilities | 3,896,609 | 4,409,002 | |
Other non-current financial liabilities | 3,179,704 | 3,694,319 | |
Bank borrowings | 129,657 | 190,869 | |
Other borrowings | 3,050,047 | 3,503,450 | |
Non-current lease liabilities | 142,630 | 43,159 | |
Non-current payables | 17,654 | 0 | |
Non-current accounts payable to related companies | 3,448 | 0 | |
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 538,782 | 657,217 | |
Non-current provisions for employee benefits | 0 | 16 | |
Other non-current non-financial liabilities | 14,391 | 14,291 | |
Total Maturity [Member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 1,526,284 | 1,436,643 | |
Other current financial liabilities | 375,451 | 339,441 | |
Bank Loans | 277,794 | 248,835 | |
Other Loans | 97,657 | 90,606 | |
Current lease liabilities | 36,784 | 49,603 | |
Trade and other current payables | 812,838 | 738,457 | |
Accounts payable to related companies | 14,280 | 2,577 | |
Other short-term provisions | 9,513 | 337 | |
Current tax liabilities | 26,869 | 127,981 | |
Current provisions for employee benefits | 7,571 | 4,593 | |
Other current non-financial liabilities | 242,978 | 173,654 | |
Total non-current liabilities | 7,393,840 | 7,413,164 | |
Other non-current financial liabilities | 5,155,371 | 5,374,864 | |
Bank borrowings | 662,883 | 743,121 | |
Other borrowings | 4,492,488 | 4,631,743 | |
Non-current lease liabilities | 227,440 | 113,701 | |
Non-current payables | 20,116 | 2,272 | |
Non-current accounts payable to related companies | 6,731 | 0 | |
Other long-term provisions | 40,706 | 29,549 | |
Deferred tax liabilities | 1,785,915 | 1,747,805 | |
Non-current provisions for employee benefits | 87,689 | 67,967 | |
Other non-current non-financial liabilities | 69,872 | 77,006 | |
U.S Dollar [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 782,284 | 886,371 | |
Bank borrowings | 209,617 | 93,408 | |
Other borrowings | 572,667 | 792,963 | |
Non-current lease liabilities | 21,562 | 18,691 | |
Other long-term provisions | 1,677 | 0 | |
Deferred tax liabilities | 1,088,336 | 1,007,289 | |
U.S Dollar [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 492,898 | 180,000 | |
Bank borrowings | 0 | 180,000 | |
Other borrowings | 492,898 | 0 | |
Non-current lease liabilities | 17,653 | 13,708 | |
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 92,026 | 0 | |
U.S Dollar [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 138,283 | 58,794 | |
Bank Loans | 107,079 | 29,578 | |
Other Loans | 31,204 | 29,216 | |
Current lease liabilities | 2,799 | 2,418 | |
Trade and other current payables | 233,932 | 288,107 | |
Accounts payable to related companies | 202 | 230 | |
Other short-term provisions | 7,934 | 337 | |
Current tax liabilities | 16,864 | 59,207 | |
Other current non-financial liabilities | 192,359 | 131,214 | |
U.S Dollar [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 113,808 | 166,708 | |
Bank Loans | 98,766 | 151,666 | |
Other Loans | 15,042 | 15,042 | |
Current lease liabilities | 7,837 | 6,722 | |
Trade and other current payables | 294 | 65 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 2,618 | 112 | |
Other current non-financial liabilities | 0 | 0 | |
U.S Dollar [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 2,362,234 | 2,850,972 | |
Bank borrowings | 0 | 0 | |
Other borrowings | 2,362,234 | 2,850,972 | |
Non-current lease liabilities | 81,441 | 37,506 | |
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 501,595 | 657,217 | |
U.S Dollar [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 252,091 | 225,502 | |
Bank Loans | 205,845 | 181,244 | |
Other Loans | 46,246 | 44,258 | |
Current lease liabilities | 10,636 | 9,140 | |
Trade and other current payables | 234,226 | 288,172 | |
Accounts payable to related companies | 202 | 230 | |
Other short-term provisions | 7,934 | 337 | |
Current tax liabilities | 19,482 | 59,319 | |
Other current non-financial liabilities | 192,359 | 131,214 | |
Other non-current financial liabilities | 3,637,416 | 3,917,343 | |
Bank borrowings | 209,617 | 273,408 | |
Other borrowings | 3,427,799 | 3,643,935 | |
Non-current lease liabilities | 120,656 | 69,905 | |
Other long-term provisions | 1,677 | 0 | |
Deferred tax liabilities | 1,681,957 | 1,664,506 | |
Euros [Member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 97,681 | 88,497 | |
Other current financial liabilities | 69,139 | 66,707 | |
Current lease liabilities | 91 | 107 | |
Trade and other current payables | 23,277 | 13,955 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 5,123 | 7,655 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 51 | 73 | |
Total non-current liabilities | 386,296 | 442,992 | |
Other non-current financial liabilities | 386,186 | 442,833 | |
Non-current lease liabilities | 110 | 159 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Euros [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 126,793 | 124,640 | |
Bank borrowings | 126,793 | 124,640 | |
Non-current lease liabilities | 109 | 156 | |
Euros [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 129,736 | 127,324 | |
Bank borrowings | 129,736 | 127,324 | |
Non-current lease liabilities | 1 | 3 | |
Euros [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 0 | 0 | |
Bank Loans | 0 | 0 | |
Current lease liabilities | 24 | 40 | |
Trade and other current payables | 23,271 | 13,945 | |
Current tax liabilities | 5,123 | 7,655 | |
Other current non-financial liabilities | 51 | 73 | |
Euros [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 69,139 | 66,707 | |
Bank Loans | 69,139 | 66,707 | |
Current lease liabilities | 67 | 67 | |
Trade and other current payables | 6 | 10 | |
Other current non-financial liabilities | 0 | 0 | |
Euros [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 129,657 | 190,869 | |
Bank borrowings | 129,657 | 190,869 | |
Non-current lease liabilities | 0 | 0 | |
Euros [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 69,139 | 66,707 | |
Bank Loans | 69,139 | 66,707 | |
Current lease liabilities | 91 | 107 | |
Trade and other current payables | 23,277 | 13,955 | |
Current tax liabilities | 5,123 | 7,655 | |
Other current non-financial liabilities | 51 | 73 | |
Other non-current financial liabilities | 386,186 | 442,833 | |
Bank borrowings | 386,186 | 442,833 | |
Non-current lease liabilities | 110 | 159 | |
Brazilian Real [Member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 130,648 | 113,764 | |
Other current financial liabilities | 2,810 | 884 | |
Current lease liabilities | 10,063 | 4,208 | |
Trade and other current payables | 82,988 | 79,653 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 264 | 0 | |
Current tax liabilities | 1,512 | 4,339 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 33,011 | 24,680 | |
Total non-current liabilities | 340,931 | 204,954 | |
Other non-current financial liabilities | 67,080 | 26,880 | |
Non-current lease liabilities | 91,206 | 17,694 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 12,512 | 3,489 | |
Deferred tax liabilities | 97,822 | 77,637 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 69,849 | 76,982 | |
Brazilian Real [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 31,943 | 8,960 | |
Bank borrowings | 31,943 | 8,960 | |
Non-current lease liabilities | 17,335 | 7,288 | |
Non-current payables | 2,462 | 2,272 | |
Other long-term provisions | 12,512 | 3,489 | |
Deferred tax liabilities | 58,405 | 54,116 | |
Other non-current non-financial liabilities | 40,939 | 33,487 | |
Brazilian Real [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 35,137 | 17,920 | |
Bank borrowings | 35,137 | 17,920 | |
Non-current lease liabilities | 16,375 | 7,688 | |
Non-current payables | 0 | 0 | |
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 2,230 | 23,521 | |
Other non-current non-financial liabilities | 14,519 | 29,204 | |
Brazilian Real [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 2,810 | 80 | |
Bank Loans | 2,810 | 80 | |
Current lease liabilities | 2,240 | 1,111 | |
Trade and other current payables | 66,586 | 73,635 | |
Other short-term provisions | 264 | 0 | |
Current tax liabilities | 1,512 | 2,529 | |
Other current non-financial liabilities | 33,011 | 24,680 | |
Brazilian Real [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 0 | 804 | |
Bank Loans | 0 | 804 | |
Current lease liabilities | 7,823 | 3,097 | |
Trade and other current payables | 16,402 | 6,018 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 0 | 1,810 | |
Other current non-financial liabilities | 0 | 0 | |
Brazilian Real [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 0 | 0 | |
Bank borrowings | 0 | 0 | |
Non-current lease liabilities | 57,496 | 2,718 | |
Non-current payables | 0 | 0 | |
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 37,187 | 0 | |
Other non-current non-financial liabilities | 14,391 | 14,291 | |
Brazilian Real [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 2,810 | 884 | |
Bank Loans | 2,810 | 884 | |
Current lease liabilities | 10,063 | 4,208 | |
Trade and other current payables | 82,988 | 79,653 | |
Other short-term provisions | 264 | 0 | |
Current tax liabilities | 1,512 | 4,339 | |
Other current non-financial liabilities | 33,011 | 24,680 | |
Other non-current financial liabilities | 67,080 | 26,880 | |
Bank borrowings | 67,080 | 26,880 | |
Non-current lease liabilities | 91,206 | 17,694 | |
Non-current payables | 2,462 | 2,272 | |
Other long-term provisions | 12,512 | 3,489 | |
Deferred tax liabilities | 97,822 | 77,637 | |
Other non-current non-financial liabilities | 69,849 | 76,982 | |
Argentine Pesos [Member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 59,215 | 66,284 | |
Other current financial liabilities | 17 | 133 | |
Trade and other current payables | 54,078 | 16,616 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 0 | 44,856 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 5,120 | 4,679 | |
Total non-current liabilities | 26,527 | 26,074 | |
Other non-current financial liabilities | 0 | 0 | |
Non-current lease liabilities | 0 | 0 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 26,517 | 26,060 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 10 | 14 | |
Argentine Pesos [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Other long-term provisions | 26,517 | 26,060 | |
Other non-current non-financial liabilities | 10 | 14 | |
Argentine Pesos [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Other long-term provisions | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Argentine Pesos [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 17 | 133 | |
Other Loans | 17 | 133 | |
Trade and other current payables | 54,078 | 16,616 | |
Current tax liabilities | 0 | 44,856 | |
Other current non-financial liabilities | 5,120 | 4,679 | |
Argentine Pesos [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 0 | 0 | |
Other Loans | 0 | 0 | |
Argentine Pesos [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Other long-term provisions | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Argentine Pesos [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 17 | 133 | |
Other Loans | 17 | 133 | |
Trade and other current payables | 54,078 | 16,616 | |
Current tax liabilities | 0 | 44,856 | |
Other current non-financial liabilities | 5,120 | 4,679 | |
Other long-term provisions | 26,517 | 26,060 | |
Other non-current non-financial liabilities | 10 | 14 | |
Mexican Pesos [Member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 23,950 | 48,278 | |
Other current financial liabilities | 0 | 0 | |
Current lease liabilities | 1,579 | 1,391 | |
Trade and other current payables | 16,791 | 27,889 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 752 | 11,803 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 4,828 | 7,195 | |
Total non-current liabilities | 8,752 | 8,881 | |
Other non-current financial liabilities | 0 | 0 | |
Non-current lease liabilities | 1,659 | 2,377 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 6,136 | 5,662 | |
Non-current provisions for employee benefits | 957 | 842 | |
Other non-current non-financial liabilities | 0 | 0 | |
Mexican Pesos [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 1,646 | 2,338 | |
Deferred tax liabilities | 6,136 | 5,662 | |
Non-current provisions for employee benefits | 957 | 826 | |
Mexican Pesos [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 13 | 39 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Mexican Pesos [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Current lease liabilities | 457 | 337 | |
Trade and other current payables | 16,188 | 27,714 | |
Current tax liabilities | 752 | 11,803 | |
Other current non-financial liabilities | 4,828 | 7,195 | |
Mexican Pesos [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Current lease liabilities | 1,122 | 1,054 | |
Trade and other current payables | 603 | 175 | |
Current tax liabilities | 0 | 0 | |
Other current non-financial liabilities | 0 | 0 | |
Mexican Pesos [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 16 | |
Mexican Pesos [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Current lease liabilities | 1,579 | 1,391 | |
Trade and other current payables | 16,791 | 27,889 | |
Current tax liabilities | 752 | 11,803 | |
Other current non-financial liabilities | 4,828 | 7,195 | |
Non-current lease liabilities | 1,659 | 2,377 | |
Deferred tax liabilities | 6,136 | 5,662 | |
Non-current provisions for employee benefits | 957 | 842 | |
Other currencies [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 0 | 107 | |
Other currencies [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 0 | 0 | |
Other currencies [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Current lease liabilities | 2 | 22 | |
Trade and other current payables | 10,476 | 8,761 | |
Other current non-financial liabilities | 16 | 739 | |
Other currencies [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Current lease liabilities | 21 | 41 | |
Trade and other current payables | 0 | ||
Other current non-financial liabilities | 0 | 0 | |
Other currencies [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 0 | 0 | |
Other currencies [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Current lease liabilities | 23 | 63 | |
Trade and other current payables | 10,476 | 8,761 | |
Other current non-financial liabilities | 16 | 739 | |
Non-current lease liabilities | 0 | 107 | |
Chilean Pesos [Member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 391,604 | 307,591 | |
Other current financial liabilities | 0 | 0 | |
Current lease liabilities | 10,716 | 26,944 | |
Trade and other current payables | 351,646 | 268,624 | |
Accounts payable to related companies | 14,078 | 2,347 | |
Other short-term provisions | 0 | 0 | |
Current tax liabilities | 0 | 9 | |
Current provisions for employee benefits | 7,571 | 4,593 | |
Other current non-financial liabilities | 7,593 | 5,074 | |
Total non-current liabilities | 111,679 | 78,469 | |
Other non-current financial liabilities | 0 | 0 | |
Non-current lease liabilities | 549 | 11,334 | |
Non-current accounts payable to related companies | 6,731 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 86,732 | 67,125 | |
Other non-current non-financial liabilities | 13 | 10 | |
Chilean Pesos [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 197 | 10,875 | |
Non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 3,283 | 0 | |
Non-current provisions for employee benefits | 76,789 | 67,125 | |
Other non-current non-financial liabilities | 13 | 10 | |
Chilean Pesos [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 352 | 459 | |
Non-current payables | 0 | 0 | |
Non-current accounts payable to related companies | 0 | 0 | |
Non-current provisions for employee benefits | 9,943 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Chilean Pesos [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Current lease liabilities | 4,264 | 6,768 | |
Trade and other current payables | 351,646 | 268,624 | |
Accounts payable to related companies | 14,078 | 2,347 | |
Current tax liabilities | 0 | 9 | |
Current provisions for employee benefits | 6,706 | 4,124 | |
Other current non-financial liabilities | 4,713 | 5,074 | |
Chilean Pesos [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Current lease liabilities | 6,452 | 20,176 | |
Trade and other current payables | 0 | 0 | |
Accounts payable to related companies | 0 | 0 | |
Current tax liabilities | 0 | 0 | |
Current provisions for employee benefits | 865 | 469 | |
Other current non-financial liabilities | 2,880 | 0 | |
Chilean Pesos [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Non-current lease liabilities | 0 | 0 | |
Non-current payables | 17,654 | 0 | |
Non-current accounts payable to related companies | 3,448 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
Chilean Pesos [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Current lease liabilities | 10,716 | 26,944 | |
Trade and other current payables | 351,646 | 268,624 | |
Accounts payable to related companies | 14,078 | 2,347 | |
Current tax liabilities | 0 | 9 | |
Current provisions for employee benefits | 7,571 | 4,593 | |
Other current non-financial liabilities | 7,593 | 5,074 | |
Non-current lease liabilities | 549 | 11,334 | |
Non-current payables | 17,654 | 0 | |
Non-current accounts payable to related companies | 6,731 | 0 | |
Non-current provisions for employee benefits | 86,732 | 67,125 | |
Other non-current non-financial liabilities | 13 | 10 | |
U.F. [Member] | |||
Statement [Line Items] | |||
Total Liabilities, current | 95,741 | 88,752 | |
Other current financial liabilities | 51,394 | 46,215 | |
Current lease liabilities | 3,676 | 7,750 | |
Trade and other current payables | 39,356 | 34,787 | |
Accounts payable to related companies | 0 | 0 | |
Other short-term provisions | 1,315 | 0 | |
Current tax liabilities | 0 | 0 | |
Current provisions for employee benefits | 0 | 0 | |
Other current non-financial liabilities | 0 | 0 | |
Total non-current liabilities | 1,077,949 | 999,933 | |
Other non-current financial liabilities | 1,064,689 | 987,808 | |
Non-current lease liabilities | 13,260 | 12,125 | |
Non-current accounts payable to related companies | 0 | ||
Other long-term provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Non-current provisions for employee benefits | 0 | 0 | |
Other non-current non-financial liabilities | 0 | 0 | |
U.F. [Member] | Later than one year and not later than three years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 87,430 | 77,968 | |
Other borrowings | 87,430 | 77,968 | |
Non-current lease liabilities | 5,055 | 5,004 | |
U.F. [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 289,446 | 257,362 | |
Other borrowings | 289,446 | 257,362 | |
Non-current lease liabilities | 4,512 | 4,186 | |
U.F. [Member] | Not later than three months [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 0 | 0 | |
Other Loans | 0 | 0 | |
Current lease liabilities | 1,553 | 2,508 | |
Trade and other current payables | 39,356 | 34,787 | |
Other short-term provisions | 0 | 0 | |
U.F. [Member] | Later than three months and not later than one year [member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 51,394 | 46,215 | |
Other Loans | 51,394 | 46,215 | |
Current lease liabilities | 2,123 | 5,242 | |
Trade and other current payables | 0 | 0 | |
Other short-term provisions | 1,315 | 0 | |
U.F. [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Other non-current financial liabilities | 687,813 | 652,478 | |
Other borrowings | 687,813 | 652,478 | |
Non-current lease liabilities | 3,693 | 2,935 | |
U.F. [Member] | Total Maturity [Member] | |||
Statement [Line Items] | |||
Other current financial liabilities | 51,394 | 46,215 | |
Other Loans | 51,394 | 46,215 | |
Current lease liabilities | 3,676 | 7,750 | |
Trade and other current payables | 39,356 | 34,787 | |
Other short-term provisions | 1,315 | 0 | |
Other non-current financial liabilities | 1,064,689 | 987,808 | |
Other borrowings | 1,064,689 | 987,808 | |
Non-current lease liabilities | $ 13,260 | $ 12,125 |
BALANCES IN FOREIGN CURRENCY _6
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS. (Details 3) | 12 Months Ended |
Dec. 31, 2022 | |
Arauco Canada Ltd Ex Flakeboard Company Ltd [Member] | |
Statement [Line Items] | |
Country | Canada |
Description of functional currency | Canadian dollar |
Arauco Celulose do Brasil [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Arauco do Brasil S.A. [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Arauco Florestal Arapoti S.A. [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Arauco Forest Brasil S A [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Arauco Industria de Mexico SA de CV ex Maderas y Sinteticos de Mexico SA de CV [Member] | |
Statement [Line Items] | |
Country | Mexico |
Description of functional currency | Mexican pesos |
Arauco Industria de Paineis S.A. [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Arauco Participacoes Florestais Ltda. | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Araucomex Servicios SA de CV ex Maderas y Sinteticos Servicios SA de CV [Member] | |
Statement [Line Items] | |
Country | Mexico |
Description of functional currency | Mexican pesos |
Consorcio Proteccion Fitosanitaria Forestal S.A. [Member] | |
Statement [Line Items] | |
Country | Chile |
Description of functional currency | Chilean pesos |
Empreendimentos Florestais Santa Cruz Ltda. [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Leasing Forestal S.A. [Member] | |
Statement [Line Items] | |
Country | Argentina |
Description of functional currency | Argentine pesos |
Mahal Empreendimentos e Participacoes S.A. [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Novo Oeste Gestao de Ativos Florestais S.A. [Member] | |
Statement [Line Items] | |
Country | Brazil |
Description of functional currency | Brazilian real |
Lemu Earth SpA [Member] | |
Statement [Line Items] | |
Country | Chile |
Description of functional currency | Chilean pesos |
BALANCES IN FOREIGN CURRENCY _7
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS. (Details 4) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Arauco do Brasil S.A. [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | $ 55,101 | $ (25,371) | $ (90,528) |
Arauco Forest Brasil S A [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | 17,585 | (21,990) | (84,241) |
Sonae Arauco S.A. [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | (11,508) | (16,092) | 15,880 |
Arauco Florestal Arapoti S.A. [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | 4,582 | (4,843) | (18,015) |
Arauco Industria Mexico S.A.de C.V. [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | 12,057 | (3,008) | (10,052) |
Arauco Canada Ltd. [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | (16,249) | 357 | 6,636 |
Others [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | (3,702) | (2,928) | 1,387 |
Total reserve of exchange differences on translation [Member] | |||
Statement [Line Items] | |||
Reserve of exchange differences on translation | $ 57,866 | $ (73,875) | $ (178,933) |
BALANCES IN FOREIGN CURRENCY _8
BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS. (Details 5) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Exchange differences recognized in profit or loss, except for those arising on financial instruments measured at fair value through profit or loss | $ (77,067) | $ (5,281) | $ (39,111) |
Non-controlling interests [member] | |||
Statement [Line Items] | |||
Exchange differences recognized in profit or loss, except for those arising on financial instruments measured at fair value through profit or loss | 18,436 | 9,022 | (26,752) |
Reserve of exchange differences on translation (with Non-controlling interests) | $ 57,867 | $ (80,965) | $ (183,419) |
BORROWING COSTS (Details)
BORROWING COSTS (Details) - Property, Plant and Equipment [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | ||
Capitalization rate of interest cost capitalized, property, plant and equipment | 4.33% | 4.36% |
Amount of the interest cost capitalized, property, plant and equipment | $ 103,629 | $ 80,789 |
RELATED PARTIES (Details)
RELATED PARTIES (Details) - bbl | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Agricola Ranquillon SpA [Member] | |||
Statement [Line Items] | |||
Country | [1] | Chile | |
Functional Currency | [1] | U.S. dollar | |
% Ownership interest | [1] | 98.58669 | 0 |
Agricola Ranquillon SpA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 0 | 0 |
Agricola Ranquillon SpA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 98.58669 | 0 |
Agricola San Carlos SpA [Member] | |||
Statement [Line Items] | |||
Country | [1] | Chile | |
Functional Currency | [1] | U.S. dollar | |
% Ownership interest | [1] | 99.94849 | 0 |
Agricola San Carlos SpA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 0 | 0 |
Agricola San Carlos SpA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 99.94839 | 0 |
Agricola Santa Emilia SpA [Member] | |||
Statement [Line Items] | |||
Country | [1] | Chile | |
Functional Currency | [1] | U.S. dollar | |
% Ownership interest | [1] | 99.94839 | 0 |
Agricola Santa Emilia SpA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 0 | 0 |
Agricola Santa Emilia SpA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 99.94839 | 0 |
Agricola Santa Isabel SpA [Member] | |||
Statement [Line Items] | |||
Country | [1] | Chile | |
Functional Currency | [1] | U.S. dollar | |
% Ownership interest | [1] | 99.94839 | 0 |
Agricola Santa Isabel SpA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 0 | 0 |
Agricola Santa Isabel SpA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 99.94839 | 0 |
Agricola Siberia SpA [Member] | |||
Statement [Line Items] | |||
Country | [1] | Chile | |
Functional Currency | [1] | U.S. dollar | |
% Ownership interest | [1] | 98.58669 | 0 |
Agricola Siberia SpA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 0 | 0 |
Agricola Siberia SpA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 98.58669 | 0 |
Agricola Trupan SpA [Member] | |||
Statement [Line Items] | |||
Country | [1] | Chile | |
Functional Currency | [1] | U.S. dollar | |
% Ownership interest | [1] | 98.58669 | 0 |
Agricola Trupan SpA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 0 | 0 |
Agricola Trupan SpA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [1] | 98.58669 | 0 |
Arauco Argentina S.A. [Member] | |||
Statement [Line Items] | |||
Country | Argentina | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.9801 | 99.97998 | |
Arauco Argentina S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 9.9707 | 9.9707 | |
Arauco Argentina S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 90.0094 | 90.00928 | |
Arauco Australia Pty Ltd [Member] | |||
Statement [Line Items] | |||
Country | Australia | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99898 | 99.99898 | |
Arauco Australia Pty Ltd [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Australia Pty Ltd [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99898 | 99.99898 | |
Arauco Bioenergia S.A. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99897 | 99.99897 | |
Arauco Bioenergia S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 98 | 98 | |
Arauco Bioenergia S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 1.99897 | 1.99897 | |
Arauco Canada Ltd. [Member] | |||
Statement [Line Items] | |||
Country | Canada | ||
Functional Currency | Canadian dollar | ||
% Ownership interest | 99.99911 | 99.99898 | |
Arauco Canada Ltd. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Canada Ltd. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99911 | 99.99898 | |
Arauco Celulose do Brasil S.A. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | [2] | 99.99907 | 0 |
Arauco Celulose do Brasil S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [2] | 0 | 0 |
Arauco Celulose do Brasil S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [2] | 99.99907 | 0 |
Arauco Colombia S.A. [Member] | |||
Statement [Line Items] | |||
Country | Colombia | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99825 | 99.9982 | |
Arauco Colombia S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 1.47783 | 1.4778 | |
Arauco Colombia S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 98.52042 | 98.5204 | |
Arauco do Brasil S.A. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.99912 | 99.99899 | |
Arauco do Brasil S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 1.06807 | 1.0681 | |
Arauco do Brasil S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 98.93105 | 98.93089 | |
Arauco Europe Cooperatief U.A. [Member] | |||
Statement [Line Items] | |||
Country | Holanda | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99899 | 99.99898 | |
Arauco Europe Cooperatief U.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0.52148 | 0.5215 | |
Arauco Europe Cooperatief U.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.47751 | 99.47748 | |
Arauco Florestal Arapoti S.A. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.999 | 99.999 | |
Arauco Florestal Arapoti S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Florestal Arapoti S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.999 | 99.999 | |
Arauco Forest Brasil S A [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.99907 | 99.99908 | |
Arauco Forest Brasil S A [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 8.68654 | 10.0809 | |
Arauco Forest Brasil S A [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 91.31253 | 89.91818 | |
Arauco Participaes Florestais Ltda. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.99907 | 99.9991 | |
Arauco Participaes Florestais Ltda. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Participaes Florestais Ltda. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99907 | 99.9991 | |
Arauco Industria de Mexico, S.A.de C.V. [Member] | |||
Statement [Line Items] | |||
Country | Mexico | ||
Functional Currency | Mexican pesos | ||
% Ownership interest | 99.9991 | 99.99897 | |
Arauco Industria de Mexico, S.A.de C.V. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Industria de Mexico, S.A.de C.V. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.9991 | 99.99897 | |
Arauco Industria de Paineis S.A. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.99912 | 99.999 | |
Arauco Industria de Paineis S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Industria de Paineis S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99912 | 99.999 | |
Arauco Middle East DMCC [Member] | |||
Statement [Line Items] | |||
Country | Dubai | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99898 | 99.99898 | |
Arauco Middle East DMCC [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Middle East DMCC [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99898 | 99.99898 | |
Arauco North America Inc [Member] | |||
Statement [Line Items] | |||
Country | United States | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99911 | 99.99898 | |
Arauco North America Inc [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0.0001 | 0.0001 | |
Arauco North America Inc [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99901 | 99.99888 | |
Arauco Peru S. A. [Member] | |||
Statement [Line Items] | |||
Country | Peru | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99898 | 99.99898 | |
Arauco Peru S. A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0.00126 | 0.0013 | |
Arauco Peru S. A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99772 | 99.99768 | |
Arauco Pulp Limited [Member] | |||
Statement [Line Items] | |||
Country | [3] | United Kingdom | |
Functional Currency | [3] | U.S. dollar | |
% Ownership interest | [3] | 99.99898 | 0 |
Arauco Pulp Limited [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [3] | 0 | 0 |
Arauco Pulp Limited [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [3] | 99.99898 | 0 |
Arauco Ventures Limited [Member] | |||
Statement [Line Items] | |||
Country | [3] | United Kingdom | |
Functional Currency | [3] | U.S. dollar | |
% Ownership interest | [3] | 99.99898 | 0 |
Arauco Ventures Limited [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [3] | 0 | 0 |
Arauco Ventures Limited [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [3] | 99.99898 | 0 |
Arauco Wood China Company Limited [Member] | |||
Statement [Line Items] | |||
Country | China | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99898 | 99.99898 | |
Arauco Wood China Company Limited [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Arauco Wood China Company Limited [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99898 | 99.99898 | |
Arauco Wood Limited. [Member] | |||
Statement [Line Items] | |||
Country | [4] | United Kingdom | |
Functional Currency | [4] | U.S. dollar | |
% Ownership interest | [4] | 100 | 0 |
Arauco Wood Limited. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [4] | 12.63126 | 0 |
Arauco Wood Limited. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [4] | 87.36874 | 0 |
Araucomex S.A. de C.V. [Member] | |||
Statement [Line Items] | |||
Country | Mexico | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99911 | 99.99898 | |
Araucomex S.A. de C.V. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0.0005 | 0.0005 | |
Araucomex S.A. de C.V. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99861 | 99.99848 | |
Araucomex Servicios, S.A. de C.V. [Member] | |||
Statement [Line Items] | |||
Country | Mexico | ||
Functional Currency | Mexican pesos | ||
% Ownership interest | 99.99911 | 99.99899 | |
Araucomex Servicios, S.A. de C.V. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0.33333 | 0.3333 | |
Araucomex Servicios, S.A. de C.V. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.66578 | 99.66569 | |
Consorcio Proteccion Fitosanitaria Forestal S.A. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | Chilean pesos | ||
% Ownership interest | 56.82817 | 56.44801 | |
Consorcio Proteccion Fitosanitaria Forestal S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Consorcio Proteccion Fitosanitaria Forestal S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 56.82817 | 56.4481 | |
Empreendimentos Florestais Santa Cruz Ltda. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.99866 | 99.99854 | |
Empreendimentos Florestais Santa Cruz Ltda. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Empreendimentos Florestais Santa Cruz Ltda. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99866 | 99.99854 | |
Forestal Arauco SA [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.94839 | 99.9484 | |
Forestal Arauco SA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.94839 | 99.9484 | |
Forestal Arauco SA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Forestal Cholguan S. A. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 98.58669 | 98.58141 | |
Forestal Cholguan S. A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Forestal Cholguan S. A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 98.58669 | 98.58141 | |
Inversiones Arauco Internacional Ltda. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99898 | 99.99898 | |
Inversiones Arauco Internacional Ltda. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 98.01862 | 98.0186 | |
Inversiones Arauco Internacional Ltda. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 1.98036 | 1.98038 | |
Investigaciones Forestales Bioforest S.A. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.94891 | 99.94892 | |
Investigaciones Forestales Bioforest S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 1 | 1 | |
Investigaciones Forestales Bioforest S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 98.94891 | 98.94892 | |
Leasing Forestal S.A. [Member] | |||
Statement [Line Items] | |||
Country | Argentina | ||
Functional Currency | Argentine pesos | ||
% Ownership interest | 99.9801 | 99.98 | |
Leasing Forestal S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Leasing Forestal S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.9801 | 99.98 | |
Lemu Earth SpA [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | Chilean pesos | ||
% Ownership interest | [5] | 86.61426 | 86.61505 |
Lemu Earth SpA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [5] | 0 | 0 |
Lemu Earth SpA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [5] | 86.61426 | 86.61505 |
Lemu Global Limited [Member] | |||
Statement [Line Items] | |||
Country | [6] | United Kingdom | |
Functional Currency | [6] | U.S. dollar | |
% Ownership interest | [6] | 99.99898 | 0 |
Lemu Global Limited [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [6] | 0 | 0 |
Lemu Global Limited [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | [6] | 99.99898 | 0 |
Maderas Arauco Costa Rica SA [Member] | |||
Statement [Line Items] | |||
Country | Costa Rica | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99898 | 99.99898 | |
Maderas Arauco Costa Rica SA [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Maderas Arauco Costa Rica SA [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99898 | 99.99898 | |
Maderas Arauco S.A. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.9986 | 99.99948 | |
Maderas Arauco S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 99 | |
Maderas Arauco S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.9986 | 0.99948 | |
Mahal Empreendimentos e Participacoes S.A. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.99901 | 99.99902 | |
Mahal Empreendimentos e Participacoes S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Mahal Empreendimentos e Participacoes S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99901 | 99.99902 | |
Novo Oeste Gestao de Ativos Florestais S.A. [Member] | |||
Statement [Line Items] | |||
Country | Brazil | ||
Functional Currency | Brazilian real | ||
% Ownership interest | 99.99907 | 99.99904 | |
Novo Oeste Gestao de Ativos Florestais S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Novo Oeste Gestao de Ativos Florestais S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99907 | 99.99904 | |
Servicios Aereos Forestales Ltda. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99898 | 99.99898 | |
Servicios Aereos Forestales Ltda. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0.01 | 0.01 | |
Servicios Aereos Forestales Ltda. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.98898 | 99.98898 | |
Servicios Logisticos Arauco S.A. [Member] | |||
Statement [Line Items] | |||
Country | Chile | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99923 | 99.99972 | |
Servicios Logisticos Arauco S.A. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 45 | 45 | |
Servicios Logisticos Arauco S.A. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 54.99923 | 54.99972 | |
Woodaffix, LLC. [Member] | |||
Statement [Line Items] | |||
Country | United States | ||
Functional Currency | U.S. dollar | ||
% Ownership interest | 99.99911 | 99.99911 | |
Woodaffix, LLC. [Member] | Direct Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 0 | 0 | |
Woodaffix, LLC. [Member] | Indirect Holdings [Member] | |||
Statement [Line Items] | |||
% Ownership interest | 99.99911 | 99.99911 | |
[1]These companies were created in September of 2022.[2]This company was created in August of 2022.[3]These companies were created in October of 2022.[4]This company was created in May of 2022.[5]This company changed its name from ODD Industries SpA to Lemu Earth SpA, in November 2022.[6]This company was created in November of 2022. |
RELATED PARTIES (Details 1)
RELATED PARTIES (Details 1) | 12 Months Ended |
Dec. 31, 2022 | |
Eufores S.A. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
Celulosa y Energia Punta Pereira S.A. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
Zona Franca Punta Pereira S.A. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
Forestal Cono Sur S.A. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
Stora Enso Uruguay S.A. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
El Esparragal Asociacion Agraria de R.L. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
Ongar S.A. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
Terminal Logistica e Industrial M'Bopicua S.A. [Member] | |
Statement [Line Items] | |
Country | Uruguay |
Functional Currency | U.S. dollar |
RELATED PARTIES (Details 2)
RELATED PARTIES (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Salaries and bonuses | $ 83,266 | $ 78,114 | $ 66,366 |
Per diem compensation to members of the Board of Directors | 2,432 | 2,538 | 2,351 |
Termination benefits | 8,320 | 2,437 | 5,049 |
Total | $ 94,018 | $ 83,089 | $ 73,766 |
RELATED PARTIES (Details 3)
RELATED PARTIES (Details 3) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | ||
Related Party Receivables, Current | $ 2,850 | $ 5,559 |
E2E S.A. One [Member] | ||
Statement [Line Items] | ||
ID No | 76.879.577-0 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Current receivables [Member] | ||
Statement [Line Items] | ||
Related Party Receivables, Current | $ 2,850 | 5,559 |
Current receivables [Member] | Forestal Mininco S.A [Member] | ||
Statement [Line Items] | ||
ID No | 91.440.000-7 | |
Nature of Relationship | Common stockholder | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Receivables, Current | $ 1 | 12 |
Current receivables [Member] | Eka Chile S.A [Member] | ||
Statement [Line Items] | ||
ID No | 99.500.140-3 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Receivables, Current | $ 2,626 | 2,510 |
Current receivables [Member] | Colbun S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 96.505.760-9 | |
Nature of Relationship | Common stockholder | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Receivables, Current | $ 21 | 72 |
Current receivables [Member] | CMPC Pulp SA [Member] | ||
Statement [Line Items] | ||
ID No | 96.532.330-9 | |
Nature of Relationship | Common stockholder | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 0 | |
Related Party Receivables, Current | $ 0 | 651 |
Current receivables [Member] | CMPC Tissue S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 96.529.310-8 | |
Nature of Relationship | Common stockholder | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 0 | |
Related Party Receivables, Current | $ 0 | 383 |
Current receivables [Member] | Fundación Acerca Redes [Member] | ||
Statement [Line Items] | ||
ID No | 65.097.218-K | |
Nature of Relationship | Parent company is founder and contributor | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Receivables, Current | $ 41 | 165 |
Current receivables [Member] | Parque Elico Ovejera Sur SpA. [Member] | ||
Statement [Line Items] | ||
ID No | 76.839.949-2 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Receivables, Current | $ 100 | 0 |
Current receivables [Member] | E2E S.A. One [Member] | ||
Statement [Line Items] | ||
ID No | 76.218.856-2 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Receivables, Current | $ 60 | 1,766 |
Current receivables [Member] | EMOAC SpA. [Member] | ||
Statement [Line Items] | ||
ID No | 76.208.888-6 | |
Nature of Relationship | Common controlling parent | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Receivables, Current | $ 1 | 0 |
Non current receivables one [Member] | Agrcola Fresno SpA [Member] | ||
Statement [Line Items] | ||
ID No | 77.470.229-6 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | Dic-31-24 | |
Related Party Receivables, Current | $ 3,283 | |
Related Party Payables, Current | 0 | |
Non current receivables two [Member] | Agrcola Fresno SpA [Member] | ||
Statement [Line Items] | ||
ID No | 77.470.229-6 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | Dic-31-27 | |
Related Party Receivables, Current | $ 3,448 | |
Related Party Payables, Current | 0 | |
Current payables [Member] | ||
Statement [Line Items] | ||
Related Party Payables, Current | $ 14,280 | 2,577 |
Current payables [Member] | Abastible S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 91.806.000-6 | |
Nature of Relationship | Common controlling parent | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Payables, Current | $ 189 | 181 |
Current payables [Member] | Copec S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 99.520.000-7 | |
Nature of Relationship | Common controlling parent | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Payables, Current | $ 4,474 | 1,682 |
Current payables [Member] | Fundación Educacional Arauco [Member] | ||
Statement [Line Items] | ||
ID No | 71.625.000-8 | |
Nature of Relationship | Parent company is founder and contributor | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Payables, Current | $ 780 | 465 |
Current payables [Member] | Compañía Puerto de Coronel S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 79.895.330-3 | |
Nature of Relationship | Subsidiary of an associate | |
Country | Chile | |
Currency | U.S. dollar | |
Maturity | 30 days | |
Related Party Payables, Current | $ 202 | 229 |
Current payables [Member] | Empresa Nacional de Telecomunicaciones S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 92.580.000-7 | |
Nature of Relationship | Common stockholder | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Payables, Current | $ 4 | 4 |
Current payables [Member] | Servicios Corporativos Sercor S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 96.925.430-1 | |
Nature of Relationship | Associate | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 0 | |
Related Party Payables, Current | $ 0 | 12 |
Current payables [Member] | Sonae Arauco Portugal SA [Member] | ||
Statement [Line Items] | ||
ID No | 0 | |
Nature of Relationship | Subsidiary of joint venture | |
Country | Portugal | |
Currency | U.S. dollar | |
Maturity | 0 | |
Related Party Payables, Current | $ 0 | 1 |
Current payables [Member] | Air BP Copec S.A. [Member] | ||
Statement [Line Items] | ||
ID No | 96.942.120-8 | |
Nature of Relationship | Joint venture of controlling parent | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Payables, Current | $ 3 | 3 |
Current payables [Member] | Agrcola San Gerardo SpA [Member] | ||
Statement [Line Items] | ||
ID No | 77.017.167-9 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | 30 days | |
Related Party Payables, Current | $ 146 | 0 |
Current payables [Member] | Agrcola Fresno SpA [Member] | ||
Statement [Line Items] | ||
ID No | 77.470.229-6 | |
Nature of Relationship | Joint venture | |
Country | Chile | |
Currency | Chilean pesos | |
Maturity | Dic-31-23 | |
Related Party Payables, Current | $ 8,482 | 0 |
Non Current Payables [Member] | ||
Statement [Line Items] | ||
Related Party Receivables, Current | $ 6,731 | |
Related Party Payables, Current | $ 0 |
RELATED PARTIES (Details 4)
RELATED PARTIES (Details 4) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
E2E S.A. One [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 76.879.577-0 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Capital contribution | ||
Purchases [Member] | Colbun S.A [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 96.505.760-9 | ||
Nature of Relationship | Common Stockholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Electrical Power | ||
Purchases | $ 834 | $ 386 | $ 51 |
Purchases [Member] | Abastible S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 91.806.000-6 | ||
Nature of Relationship | Common controlling parent | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Fuel | ||
Purchases | $ 3,207 | 2,644 | 2,113 |
Purchases [Member] | Copec S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 99.520.000-7 | ||
Nature of Relationship | Common controlling parent | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Fuel and other | ||
Purchases | $ 92,643 | 75,166 | 48,983 |
Purchases [Member] | Compania Puerto de Coronel S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 79.895.330-3 | ||
Nature of Relationship | Subsidiary of the Associate | ||
Country | Chile | ||
Currency | U.S. Dollar | ||
Transaction descriptions | Transport, stowage and port services | ||
Purchases | $ 7,643 | 8,518 | 17,506 |
Purchases [Member] | EKA Chile S.A. | |||
Statement [Line Items] | |||
Tax ID No. | 99.500.140-3 | ||
Nature of Relationship | Joint Venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Sodium chlorate | ||
Purchases | $ 41,540 | 42,318 | 38,633 |
Purchases [Member] | Forestal del Sur S.A [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 79.825.060-4 | ||
Nature of Relationship | Associate of a subsidiary’s minority shareholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Wood and chips | ||
Purchases | $ 0 | 433 | 4,495 |
Purchases [Member] | Portaluppi, Guzman y Bezanilla Abogados Ltda. | |||
Statement [Line Items] | |||
Tax ID No. | 78.096.080-9 | ||
Nature of Relationship | Common director | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Legal services | ||
Purchases | $ 851 | 778 | 703 |
Purchases [Member] | Empresa Nacional de Telecomunicaciones S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 92.580.000-7 | ||
Nature of Relationship | Common Stockholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Telephone services | ||
Purchases | $ 123 | 214 | 229 |
Purchases [Member] | Colbun Transmision S.A [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 76.218.856-2 | ||
Nature of Relationship | Common Stockholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Electrical Power | ||
Purchases | $ 77 | 514 | 399 |
Purchases [Member] | Woodtech S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 76.724.000-7 | ||
Nature of Relationship | Indirect associate of controlling parent | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Wood volumen measurement services | ||
Purchases | $ 1,012 | 1,238 | 1,362 |
Purchases [Member] | Inversiones Siemel S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 94.082.000-6 | ||
Nature of Relationship | Common Stockholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Rentals | ||
Purchases | $ 0 | 51 | 279 |
Purchases [Member] | Via Limpia SpA [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 79.874.200-0 | ||
Nature of Relationship | Common controlling parent | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Other purchases | ||
Purchases | $ 199 | 199 | 191 |
Purchases [Member] | Elemental S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 76.659.730-0 | ||
Nature of Relationship | Associate of controlling parent | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Services and other purchases | ||
Purchases | $ 113 | 93 | 364 |
Purchases [Member] | Servicios Corporativos Sercor S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 96.925.430-1 | ||
Nature of Relationship | Associate | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Other purchases | ||
Purchases | $ 246 | 222 | 242 |
Sales [Member] | Colbun S.A [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 96.505.760-9 | ||
Nature of Relationship | Common Stochholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Electrical Power | ||
Sales | $ 161 | 256 | 149 |
Sales [Member] | Compania Puerto de Coronel S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 79.895.330-3 | ||
Nature of Relationship | Subsidiary of an associate | ||
Country | Chile | ||
Currency | U.S. dollar | ||
Transaction descriptions | Other sales | ||
Sales | $ 453 | 56 | 53 |
Sales [Member] | EKA Chile S.A. | |||
Statement [Line Items] | |||
Tax ID No. | 99.500.140-3 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Electrical Power | ||
Sales | $ 23,539 | 21,891 | 16,559 |
Sales [Member] | Forestal del Sur S.A [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 79.825.060-4 | ||
Nature of Relationship | Associate of a subsidiary’s minority shareholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Harvesting services, wood and chips | ||
Sales | $ 0 | 7,329 | 21,146 |
Sales [Member] | CMPC Pulp SA [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 96.532.330-9 | ||
Nature of Relationship | Common Stockholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Wood and chips | ||
Sales | $ 525 | 9,027 | 7,849 |
Sales [Member] | CMPC Tissue S.A. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 96.529.310-8 | ||
Nature of Relationship | Common Stockholder | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Pulp | ||
Sales | $ 0 | 1,127 | 3,681 |
Sales [Member] | E2E S.A. One [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 76.879.577-0 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Wood, plywood and boards | ||
Sales | $ 246 | 355 | 471 |
Sales [Member] | Fundacin Educacional Arauco [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 71.625.000-8 | ||
Nature of Relationship | Parent company is founder and contributor | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | IT and administrative services | ||
Sales | $ 299 | 139 | 188 |
Sales [Member] | EMOAC SpA. [Member] | |||
Statement [Line Items] | |||
Tax ID No. | 76.208.888-6 | ||
Nature of Relationship | Indirect subsidiary of controlling parent | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Electrical Power | ||
Sales | $ 3,272 | $ 0 | $ 0 |
RELATED PARTIES (Details 6)
RELATED PARTIES (Details 6) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Falcao MS SPE S. A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Tax ID No. | 0 | ||
Nature of Relationship | Associate | ||
Country | Brasil | ||
Currency | Reales | ||
Transaction descriptions | Capital contribution | ||
Other transaction | $ 9,664 | $ 0 | $ 0 |
Agricola San Geratdo Spa [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Tax ID No. | 77.017.167-9 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Capital contribution | ||
Other transaction | $ 136 | 0 | 0 |
Agricola Fresno Spa [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Tax ID No. | 77.470.229-6 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Capital contribution | ||
Other transaction | $ 31,998 | 7,452 | 0 |
Agricola EL Paque S p A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Tax ID No. | 77.209.739-5 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Capital contribution | ||
Other transaction | $ 0 | 1,095 | 0 |
Parque Elico Ovejera Sur SpA [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Tax ID No. | 76.839.949-2 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Capital contribution | ||
Other transaction | $ 118 | 123 | 354 |
E2E S.A. One [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Tax ID No. | 76.879.577-0 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | Chilean pesos | ||
Transaction descriptions | Capital contribution | ||
Other transaction | $ 0 | 7,759 | 15,022 |
E2E S.A. Two [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Tax ID No. | 76.879.577-0 | ||
Nature of Relationship | Joint venture | ||
Country | Chile | ||
Currency | U.S. dollar | ||
Transaction descriptions | Borrowing | ||
Other transaction | $ 3,546 | $ 1,125 | $ 41 |
RELATED PARTIES (Details Textua
RELATED PARTIES (Details Textual) - Arauco Argentina S.A. [Member] - USD ($) | 12 Months Ended | ||
Jul. 14, 2022 | Dec. 31, 2020 | Jun. 05, 2017 | |
Statement [Line Items] | |||
Bank Loans | $ 154,000,000 | $ 250,000,000 | |
Borrowings interest spread basis | 5.20% | ||
Repayments of current borrowings | $ 6,000,000 | $ 160,000,000 |
INVESTMENTS IN SUBSIDIARIES (De
INVESTMENTS IN SUBSIDIARIES (Details Textual) $ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||
Dec. 02, 2021 USD ($) | Mar. 10, 2021 USD ($) | Dec. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 02, 2021 ARS ($) | |
Statement [Line Items] | ||||||||
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities | $ 0 | $ 797 | $ 4,054 | |||||
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity | (52,516) | |||||||
Cash flows from losing control of subsidiaries or other businesses, classified as investing activities | $ 0 | $ 47,988 | $ 0 | |||||
Arauco Wood Limited [Member] | ||||||||
Statement [Line Items] | ||||||||
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities | $ 1,989,972 | $ 1,989,972 | ||||||
Forestal Los Lagos S.A. [Member] | ||||||||
Statement [Line Items] | ||||||||
Cash flows from losing control of subsidiaries or other businesses, classified as investing activities | $ 48,000 | |||||||
Gains (losses) recognised when control of subsidiary is lost | $ 20,381 | |||||||
Arauco Forest Brasil S A [Member] | Stora Enso Amsterdam Bv [Member] | ||||||||
Statement [Line Items] | ||||||||
Consideration transferred, acquisition-date fair value | $ 52,516 | $ 294,549 | ||||||
Proportion of ownership interest in subsidiary | 100% | |||||||
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity | $ 35,880 |
INVESTMENTS IN ASSOCIATES (Deta
INVESTMENTS IN ASSOCIATES (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Inversiones Puerto Coronel S.A. [Member] | ||
Statement [Line Items] | ||
Name | Inversiones Puerto Coronel S.A. | |
Country | Chile | |
Functional Currency | U.S. dollar | |
Corporate purpose | Investments in movables and real estate, acquisition of companies, securities and investment instruments, investment management and development and/or participation in all kind of businesses and companies related to industrial, shipping, forestry and commercial activities. | |
Ownership interest (%) | 50% | |
Carrying amount | $ 64,000 | $ 55,873 |
Servicios Corporativos Sercor S.A. [Member] | ||
Statement [Line Items] | ||
Name | Servicios Corporativos Sercor S.A. | |
Country | Chile | |
Functional Currency | Chilean pesos | |
Corporate purpose | Consulting services related to business management to Boards of Directors and Senior Management of all Arauco’s entities. | |
Ownership interest (%) | 20% | |
Carrying amount | $ 325 | 220 |
Genómica Forestal S.A. [Member] | ||
Statement [Line Items] | ||
Name | Genómica Forestal S.A. | |
Country | Chile | |
Functional Currency | Chilean pesos | |
Corporate purpose | Developing forestry genomics, through the use of biotechnological, molecular and bioinformatics tools with the purpose of strengthening genetic programs so as to improve the competitive position of the Chilean forestry industry for priority tree species. | |
Ownership interest (%) | 25% | |
Carrying amount | $ 6 | 7 |
Consorcio Tecnológico Bioenercel S.A. [Member] | ||
Statement [Line Items] | ||
Name | Consorcio Tecnológico Bioenercel S.A. | |
Country | Chile | |
Functional Currency | Chilean pesos | |
Corporate purpose | Developing of technologies which will promote the development of a biofuels industry in Chile, obtained from lingo-cellulosic materials. The future execution of this sustainable project is financed by the Innova Chile Committee. | |
Ownership interest (%) | 20% | |
Carrying amount | $ 1 | 1 |
Florestal Vale do Corisco S.A. [Member] | ||
Statement [Line Items] | ||
Name | Florestal Vale do Corisco S.A. | |
Country | Brazil | |
Functional Currency | Brazilian real | |
Corporate purpose | Management of forestry activities. | |
Ownership interest (%) | 49% | |
Carrying amount | $ 26,910 | 26,823 |
Falco MS SPE S.A. [Member] | ||
Statement [Line Items] | ||
Name | Falcão MS SPE S.A. | |
Country | Brazil | |
Functional Currency | Brazilian real | |
Corporate purpose | Management of land for leases to related parties. | |
Ownership interest (%) | 49% | |
Carrying amount | $ 9,579 | $ 0 |
INVESTMENTS IN ASSOCIATES (De_2
INVESTMENTS IN ASSOCIATES (Details 1) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2022 | May 31, 2022 | Nov. 30, 2021 | Oct. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement [Line Items] | ||||||||
Current Assets | $ 3,774,921 | $ 3,774,921 | $ 3,924,044 | |||||
Non-current Assets | 13,405,187 | 13,405,187 | 12,744,267 | $ 12,483,994 | ||||
Total assets | 17,180,108 | 17,180,108 | 16,668,311 | 16,028,319 | ||||
Current Liabilities | 1,526,284 | 1,526,284 | 1,436,643 | |||||
Non-current Liabilities | 7,393,840 | 7,393,840 | 7,413,164 | |||||
Equity | 8,259,984 | 8,259,984 | 7,818,504 | 7,415,635 | $ 7,369,415 | |||
Total equity and liabilities | 17,180,108 | 17,180,108 | 16,668,311 | |||||
Income | 7,102,070 | 6,349,761 | 4,732,869 | |||||
Profit or loss (continuing operations) | 704,226 | 1,031,599 | 25,305 | |||||
Other comprehensive income | 177,578 | (179,964) | (230,012) | |||||
Comprehensive income | 881,804 | 851,635 | (204,707) | |||||
Dividends received | 183,971 | $ 192,132 | $ 271,000 | $ 200,000 | 440,324 | 596,215 | $ 309 | |
Associates [member] | ||||||||
Statement [Line Items] | ||||||||
Current Assets | 8,471 | 8,471 | 9,412 | |||||
Non-current Assets | 224,373 | 224,373 | 186,013 | |||||
Total assets | 232,844 | 232,844 | 195,425 | |||||
Current Liabilities | 5,655 | 5,655 | 5,651 | |||||
Non-current Liabilities | 21,304 | 21,304 | 20,378 | |||||
Equity | 205,885 | 205,885 | 169,396 | |||||
Total equity and liabilities | 232,844 | 232,844 | 195,425 | |||||
Income | 14,064 | 13,469 | ||||||
Other income / expenses | 515 | (12,534) | ||||||
Profit or loss (continuing operations) | 14,579 | 935 | ||||||
Other comprehensive income | 0 | 0 | ||||||
Comprehensive income | 14,579 | 935 | ||||||
Dividends received | 1,511 | 2,695 | ||||||
Inversiones Puerto Coronel S.A. [Member] | Associates [member] | ||||||||
Statement [Line Items] | ||||||||
Current Assets | 1 | 1 | 1 | |||||
Non-current Assets | 129,819 | 129,819 | 113,580 | |||||
Total assets | 129,820 | 129,820 | 113,581 | |||||
Current Liabilities | 54 | 54 | 55 | |||||
Non-current Liabilities | 0 | 0 | 0 | |||||
Equity | 129,766 | 129,766 | 113,526 | |||||
Total equity and liabilities | 129,820 | 129,820 | 113,581 | |||||
Income | 0 | 0 | ||||||
Other income / expenses | 9,544 | (4,208) | ||||||
Profit or loss (continuing operations) | 9,544 | (4,208) | ||||||
Other comprehensive income | 0 | 0 | ||||||
Comprehensive income | 9,544 | (4,208) | ||||||
Dividends received | 0 | 0 | ||||||
Serv.Corporativos Sercor S.A. [Member] | Associates [member] | ||||||||
Statement [Line Items] | ||||||||
Current Assets | 5,677 | 5,677 | 4,761 | |||||
Non-current Assets | 2,273 | 2,273 | 2,773 | |||||
Total assets | 7,950 | 7,950 | 7,534 | |||||
Current Liabilities | 4,527 | 4,527 | 4,297 | |||||
Non-current Liabilities | 1,798 | 1,798 | 2,138 | |||||
Equity | 1,625 | 1,625 | 1,099 | |||||
Total equity and liabilities | 7,950 | 7,950 | 7,534 | |||||
Income | 4,323 | 4,577 | ||||||
Other income / expenses | (3,736) | (4,277) | ||||||
Profit or loss (continuing operations) | 587 | 300 | ||||||
Other comprehensive income | 0 | 0 | ||||||
Comprehensive income | 587 | 300 | ||||||
Dividends received | 0 | 0 | ||||||
Florestal Vale do corisco [Member] | Associates [member] | ||||||||
Statement [Line Items] | ||||||||
Current Assets | 2,368 | 2,368 | 4,638 | |||||
Non-current Assets | 73,089 | 73,089 | 69,602 | |||||
Total assets | 75,457 | 75,457 | 74,240 | |||||
Current Liabilities | 1,066 | 1,066 | 1,292 | |||||
Non-current Liabilities | 19,475 | 19,475 | 18,208 | |||||
Equity | 54,916 | 54,916 | 54,740 | |||||
Total equity and liabilities | 75,457 | 75,457 | 74,240 | |||||
Income | 9,741 | 8,892 | ||||||
Other income / expenses | (5,290) | (4,047) | ||||||
Profit or loss (continuing operations) | 4,451 | 4,845 | ||||||
Other comprehensive income | 0 | 0 | ||||||
Comprehensive income | 4,451 | 4,845 | ||||||
Dividends received | 1,511 | 2,695 | ||||||
Consorcio Tecnológico Bioenercel S.A. [Member] | Associates [member] | ||||||||
Statement [Line Items] | ||||||||
Current Assets | 0 | 0 | 0 | |||||
Non-current Assets | 4 | 4 | 6 | |||||
Total assets | 4 | 4 | 6 | |||||
Current Liabilities | 0 | 0 | 0 | |||||
Non-current Liabilities | 3 | 3 | 4 | |||||
Equity | 1 | 1 | 2 | |||||
Total equity and liabilities | 4 | 4 | 6 | |||||
Income | 0 | 0 | ||||||
Other income / expenses | 0 | (1) | ||||||
Profit or loss (continuing operations) | 0 | (1) | ||||||
Other comprehensive income | 0 | 0 | ||||||
Comprehensive income | 0 | (1) | ||||||
Dividends received | 0 | 0 | ||||||
Genómica Forestal S.A. [Member] | Associates [member] | ||||||||
Statement [Line Items] | ||||||||
Current Assets | 12 | 12 | 12 | |||||
Non-current Assets | 52 | 52 | 52 | |||||
Total assets | 64 | 64 | 64 | |||||
Current Liabilities | 7 | 7 | 7 | |||||
Non-current Liabilities | 28 | 28 | 28 | |||||
Equity | 29 | 29 | 29 | |||||
Total equity and liabilities | 64 | 64 | 64 | |||||
Income | 0 | 0 | ||||||
Other income / expenses | 0 | (1) | ||||||
Profit or loss (continuing operations) | 0 | (1) | ||||||
Other comprehensive income | 0 | 0 | ||||||
Comprehensive income | 0 | (1) | ||||||
Dividends received | 0 | $ 0 | ||||||
Falcao MS SPE S.A [Member] | Associates [member] | ||||||||
Statement [Line Items] | ||||||||
Current Assets | 413 | 413 | ||||||
Non-current Assets | 19,136 | 19,136 | ||||||
Total assets | 19,549 | 19,549 | ||||||
Current Liabilities | 1 | 1 | ||||||
Non-current Liabilities | 0 | 0 | ||||||
Equity | 19,548 | 19,548 | ||||||
Total equity and liabilities | $ 19,549 | 19,549 | ||||||
Income | 0 | |||||||
Other income / expenses | (3) | |||||||
Profit or loss (continuing operations) | (3) | |||||||
Other comprehensive income | 0 | |||||||
Comprehensive income | (3) | |||||||
Dividends received | $ 0 |
INVESTMENTS IN ASSOCIATES (De_3
INVESTMENTS IN ASSOCIATES (Details 2) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Statement [Line Items] | ||||
Opening balance | $ 336,642 | $ 316,939 | ||
Changes | ||||
Investment in joint ventures, additions | [1] | 9,664 | 0 | |
Investment in joint ventures, additions | [2] | 32,252 | 16,429 | |
Disposals, investment in associates and joint ventures | [3] | (1,878) | (3,197) | |
Share of profit (loss) in investment in associates | 7,069 | 330 | ||
Share of profit (loss) in investment in joint ventures | 26,615 | 31,056 | ||
Dividends received, investments in associates | (35,187) | (3,288) | ||
Increase (Decrease) in foreign exchange currency on translation of Associates and Joint Ventures | (11,779) | (20,167) | ||
Other increase (decrease) in investment in associates and joint ventures | 2,273 | (1,460) | ||
Total changes | 29,029 | 19,703 | ||
Closing balance | 365,671 | 336,642 | ||
Carrying amount of investments in associates accounted for using equity method | 100,821 | 82,924 | $ 85,714 | |
Carrying amount of investments in joint ventures accounted for using equity method | 264,850 | 253,718 | 231,225 | |
Total investment accounted for using equity method | $ 365,671 | $ 336,642 | $ 316,939 | |
[1]During the year 2022, Arauco Participações Florestais Ltda. made a capital contribution to Falcão MS SPE S.A., for ThR$ 49,985 that in total is equivalent to ThU.S.$ 9,664 for 49,984,900 shares.[2]During the year 2022, the main movement corresponds to: -Forestal Arauco S.A. made a capital contribution in assets as non-monetary assets to Agrícola Fresno, for ThU.S.$ 31,998 for 6,399,520 shares. During the year 2021, the main movement corresponds to: -Maderas Arauco S.A. made a capital contribution between January and November to E2E S.A., for ThCLP$ 5,925,000 that in total is equivalent to ThU.S.$ 7,759. -Forestal Arauco S.A. made a capital contribution in assets as non-monetary assets to Agrícola Fresno for ThU.S.$ 7,452 in November 2021 for 1,490,400 shares.[3]ThU.S.$ 1,878 equivalent to R$ 9,800,000 corresponding to a capital decrease of Arauco Forest do Brasil S.A. en Florestal Vale Do Corisco S.A. on October 11, 2022. ThU.S.$ 3,197 account for the carrying amount of investment in Unilin Arauco Pisos Ltda., which was sold on January 12, 2021. |
INVESTMENTS IN ASSOCIATES (De_4
INVESTMENTS IN ASSOCIATES (Details 2 Parenthetical) $ in Thousands, $ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | |||||||
Oct. 11, 2022 USD ($) | Oct. 11, 2022 ARS ($) | Nov. 30, 2022 shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2022 ARS ($) shares | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 USD ($) | Jan. 12, 2021 USD ($) | |
Statement [Line Items] | |||||||||
Cash flows from losing control of subsidiaries or other businesses, classified as investing activities | $ 0 | $ 47,988 | $ 0 | ||||||
Maderas Arauco S.A. [Member] | |||||||||
Statement [Line Items] | |||||||||
Payment to acquire investments accounted for equity method in associates | 7,759 | $ 5,925,000 | |||||||
Puertos y logistica s.a. [Member] | |||||||||
Statement [Line Items] | |||||||||
Carrying Amount Of Investment | $ 3,197 | ||||||||
Agrícola Fresno [Membe] | Forestal Arauco S.A. [Member] | |||||||||
Statement [Line Items] | |||||||||
Investment in shares of associates made during the period | shares | 1,490,400 | 6,399,520 | 6,399,520 | ||||||
Non monetary assets transferred to associates in consideration for acquiring interest in associates | $ 31,998 | 7,452 | |||||||
Florestal Vale Do Corisco SA [Member] | Arauco Forest do Brasil SA [Member] | |||||||||
Statement [Line Items] | |||||||||
Cash flows from losing control of subsidiaries or other businesses, classified as investing activities | $ 1,878 | $ 9,800,000 | |||||||
Falcão MS SPE S.A., [Member] | |||||||||
Statement [Line Items] | |||||||||
Payment to acquire investments accounted for equity method in associates | $ 49,985 | $ 9,664 | |||||||
Falcão MS SPE S.A., [Member] | Arauco Participaes Florestais Ltda [Member] | |||||||||
Statement [Line Items] | |||||||||
Payment to acquire investments accounted for equity method in associates | $ 9,664 | $ 49,985 | |||||||
Investment in shares of associates made during the period | shares | 49,984,900 | 49,984,900 |
INVESTMENTS IN ASSOCIATES (De_5
INVESTMENTS IN ASSOCIATES (Details Textual) $ in Thousands, $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 ARS ($) | Dec. 31, 2021 USD ($) | |
Falcão MS SPE S.A., [Member] | ||
Statement [Line Items] | ||
Payment to acquire investments accounted for equity method in associates | $ 49,985 | $ 9,664 |
INTERESTS IN JOINT ARRANGEMEN_3
INTERESTS IN JOINT ARRANGEMENTS (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement [Line Items] | ||||
Current Assets | $ 3,774,921 | $ 3,924,044 | ||
Non-current Assets | 13,405,187 | 12,744,267 | $ 12,483,994 | |
Total Joint Arrangement Assets | 17,180,108 | 16,668,311 | 16,028,319 | |
Current Liabilities | 1,526,284 | 1,436,643 | ||
Non-current Liabilities | 7,393,840 | 7,413,164 | ||
Equity | 8,259,984 | 7,818,504 | 7,415,635 | $ 7,369,415 |
Total Joint Arrangement Liabilities | 17,180,108 | 16,668,311 | ||
Income | 7,102,070 | 6,349,761 | 4,732,869 | |
Joint arrangement net income (loss) | 704,226 | 1,031,599 | $ 25,305 | |
Celulosa y Energia Punta Pereira S.A. [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 478,480 | 384,960 | ||
Non-current Assets | 1,982,237 | 2,036,696 | ||
Total Joint Arrangement Assets | 2,460,717 | 2,421,656 | ||
Investment Assets | 1,102,559 | 1,024,285 | ||
Current Liabilities | 114,012 | 162,106 | ||
Non-current Liabilities | 141,588 | 210,981 | ||
Equity | 2,205,117 | 2,048,569 | ||
Total Joint Arrangement Liabilities | 2,460,717 | 2,421,656 | ||
Income | 1,108,952 | 917,391 | ||
Expenses | (636,797) | (575,745) | ||
Joint arrangement net income (loss) | 472,155 | 341,646 | ||
Forestal Cono Sur S.A. [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 30,769 | 23,068 | ||
Non-current Assets | 158,787 | 167,159 | ||
Total Joint Arrangement Assets | 189,556 | 190,227 | ||
Investment Assets | 89,772 | 88,554 | ||
Current Liabilities | 5,894 | 2,502 | ||
Non-current Liabilities | 4,119 | 10,618 | ||
Equity | 179,543 | 177,107 | ||
Total Joint Arrangement Liabilities | 189,556 | 190,227 | ||
Income | 2,870 | 10,596 | ||
Expenses | (434) | (6,935) | ||
Joint arrangement net income (loss) | 2,436 | 3,661 | ||
Eufores S.A. [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 125,027 | 133,384 | ||
Non-current Assets | 892,452 | 892,020 | ||
Total Joint Arrangement Assets | 1,017,479 | 1,025,404 | ||
Investment Assets | 352,503 | 344,378 | ||
Current Liabilities | 193,423 | 189,643 | ||
Non-current Liabilities | 119,050 | 147,006 | ||
Equity | 705,006 | 688,755 | ||
Total Joint Arrangement Liabilities | 1,017,479 | 1,025,404 | ||
Income | 252,524 | 230,089 | ||
Expenses | (237,338) | (202,423) | ||
Joint arrangement net income (loss) | 15,186 | 27,666 | ||
Zona Franca Punta Pereira S.A. [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 13,824 | 6,712 | ||
Non-current Assets | 432,769 | 442,624 | ||
Total Joint Arrangement Assets | 446,593 | 449,336 | ||
Investment Assets | 172,604 | 167,312 | ||
Current Liabilities | 101,385 | 101,698 | ||
Non-current Liabilities | 0 | 13,014 | ||
Equity | 345,208 | 334,624 | ||
Total Joint Arrangement Liabilities | 446,593 | 449,336 | ||
Income | 20,703 | 18,235 | ||
Expenses | (10,120) | (17,106) | ||
Joint arrangement net income (loss) | $ 10,583 | $ 1,129 |
INTERESTS IN JOINT ARRANGEMEN_4
INTERESTS IN JOINT ARRANGEMENTS (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement [Line Items] | ||||
Current Assets | $ 3,774,921 | $ 3,924,044 | ||
Non-current Assets | 13,405,187 | 12,744,267 | $ 12,483,994 | |
Total Joint Arrangement Assets | 17,180,108 | 16,668,311 | 16,028,319 | |
Current Liabilities | 1,526,284 | 1,436,643 | ||
Non-current Liabilities | 7,393,840 | 7,413,164 | ||
Equity | 8,259,984 | 7,818,504 | 7,415,635 | $ 7,369,415 |
Total Joint Arrangement Liabilities | 17,180,108 | 16,668,311 | ||
Income | 7,102,070 | 6,349,761 | 4,732,869 | |
Joint Arrangement Net Income (Loss) | 704,226 | 1,031,599 | 25,305 | |
Other comprehensive income | 177,578 | (179,964) | (230,012) | |
Comprehensive income | 881,804 | 851,635 | $ (204,707) | |
Dividends | 35,187 | 3,288 | ||
Eka Chile S.A [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 17,673 | 16,083 | ||
Non-current Assets | 39,496 | 38,056 | ||
Total Joint Arrangement Assets | 57,169 | 54,139 | ||
Investment Assets | 23,501 | 22,123 | ||
Current Liabilities | 4,821 | 4,980 | ||
Non-current Liabilities | 5,347 | 4,913 | ||
Equity | 47,001 | 44,246 | ||
Total Joint Arrangement Liabilities | 57,169 | 54,139 | ||
Income | 45,335 | 42,788 | ||
Expenses | (41,580) | (40,568) | ||
Joint Arrangement Net Income (Loss) | 3,755 | 2,220 | ||
Other comprehensive income | 0 | 0 | ||
Comprehensive income | 3,755 | 2,220 | ||
Dividends | 500 | 594 | ||
Sonae Arauco S.A. [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 320,837 | 288,650 | ||
Non-current Assets | 668,138 | 699,984 | ||
Total Joint Arrangement Assets | 988,975 | 988,634 | ||
Net assets | 180,896 | 179,027 | ||
Net asset adjustment (Goodwill) | 22,547 | 24,477 | ||
Investment Assets | 203,443 | 203,504 | ||
Current Liabilities | 229,330 | 334,620 | ||
Non-current Liabilities | 352,759 | 247,006 | ||
Equity | 406,886 | 407,008 | ||
Total Joint Arrangement Liabilities | 988,975 | 988,634 | ||
Income | 1,241,698 | 1,153,385 | ||
Expenses | (1,159,060) | (1,082,798) | ||
Joint Arrangement Net Income (Loss) | 82,638 | 70,587 | ||
Other comprehensive income | 0 | 0 | ||
Comprehensive income | 82,638 | 70,587 | ||
Dividends | 33,176 | 0 | ||
Agrícola El Paque SpA [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 966 | 1,493 | ||
Non-current Assets | 18,914 | 15,455 | ||
Total Joint Arrangement Assets | 19,880 | 16,948 | ||
Investment Assets | 6,534 | 6,293 | ||
Current Liabilities | 1,360 | 201 | ||
Non-current Liabilities | 5,450 | 4,162 | ||
Equity | 13,070 | 12,585 | ||
Total Joint Arrangement Liabilities | 19,880 | 16,948 | ||
Income | 0 | 0 | ||
Expenses | 379 | 47 | ||
Joint Arrangement Net Income (Loss) | 379 | 47 | ||
Other comprehensive income | 0 | 0 | ||
Comprehensive income | 379 | 47 | ||
Dividends | 0 | 0 | ||
Parque Eólico Ovejera del Sur SpA [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 100 | 157 | ||
Non-current Assets | 2,885 | 2,298 | ||
Total Joint Arrangement Assets | 2,985 | 2,455 | ||
Investment Assets | 1,381 | 1,185 | ||
Current Liabilities | 224 | 86 | ||
Non-current Liabilities | 0 | 0 | ||
Equity | 2,761 | 2,369 | ||
Total Joint Arrangement Liabilities | 2,985 | 2,455 | ||
Income | 0 | 0 | ||
Expenses | (43) | (21) | ||
Joint Arrangement Net Income (Loss) | (43) | (21) | ||
Other comprehensive income | 0 | 0 | ||
Comprehensive income | (43) | (21) | ||
Dividends | 0 | 0 | ||
E2E S.A. [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 7,361 | 8,138 | ||
Non-current Assets | 20,914 | 28,357 | ||
Total Joint Arrangement Assets | 28,275 | 36,495 | ||
Investment Assets | 1,677 | 16,162 | ||
Current Liabilities | 20,327 | 1,094 | ||
Non-current Liabilities | 11,301 | 3,078 | ||
Equity | (3,353) | 32,323 | ||
Total Joint Arrangement Liabilities | 28,275 | 36,495 | ||
Income | 2,183 | 743 | ||
Expenses | (35,759) | (11,133) | ||
Joint Arrangement Net Income (Loss) | (33,576) | (10,390) | ||
Other comprehensive income | 0 | 0 | ||
Comprehensive income | (33,576) | (10,390) | ||
Dividends | 0 | 0 | ||
Agricola San Geratdo SpA [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 844 | 765 | ||
Non-current Assets | 5,661 | 4,929 | ||
Total Joint Arrangement Assets | 6,505 | 5,694 | ||
Investment Assets | 1,786 | 1,754 | ||
Current Liabilities | 62 | 61 | ||
Non-current Liabilities | 2,871 | 2,125 | ||
Equity | 3,572 | 3,508 | ||
Total Joint Arrangement Liabilities | 6,505 | 5,694 | ||
Income | 0 | 0 | ||
Expenses | 109 | (52) | ||
Joint Arrangement Net Income (Loss) | 109 | (52) | ||
Other comprehensive income | 0 | 0 | ||
Comprehensive income | 109 | (52) | ||
Dividends | 0 | 0 | ||
Agrícola Fresno SpA [Member] | ||||
Statement [Line Items] | ||||
Current Assets | 28,952 | 15,663 | ||
Non-current Assets | 58,755 | 10,485 | ||
Total Joint Arrangement Assets | 87,707 | 26,148 | ||
Investment Assets | 39,409 | 11,918 | ||
Current Liabilities | 1,657 | 88 | ||
Non-current Liabilities | 7,232 | 2,225 | ||
Equity | 78,818 | 23,835 | ||
Total Joint Arrangement Liabilities | 87,707 | 26,148 | ||
Income | 0 | 0 | ||
Expenses | (33) | (49) | ||
Joint Arrangement Net Income (Loss) | (33) | (49) | ||
Other comprehensive income | 0 | 0 | ||
Comprehensive income | (33) | (49) | ||
Dividends | $ 0 | $ 0 |
INTERESTS IN JOINT ARRANGEMEN_5
INTERESTS IN JOINT ARRANGEMENTS (Details Textual) $ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | |||||
Oct. 13, 2021 USD ($) | Jan. 12, 2021 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2022 | Nov. 30, 2022 USD ($) | Nov. 30, 2021 USD ($) | |
Forestal Arauco S.A. [Member] | Agricola Fresno Spa [Member] | |||||||
Disclosure Of Interests In Joint Arrangements [Line Items] | |||||||
Capital contribution to joint operations | $ 1,000 | ||||||
Percentage of interests in joint operation | 50% | ||||||
Capital commitment to joint venture | $ 7,452 | $ 31,998 | |||||
Proportion of ownership interest after subsequent contribution | 50% | ||||||
Eka Chile S.A [Member] | |||||||
Disclosure Of Interests In Joint Arrangements [Line Items] | |||||||
Percentage of interests in joint operation | 50% | ||||||
E2E S.A. [Member] | Maderas Arauco S.A. [Member] | |||||||
Disclosure Of Interests In Joint Arrangements [Line Items] | |||||||
Capital contribution to joint operations | $ 7,759 | $ 5,925,000 | |||||
Unilin Arauco Pisos Ltda. [Member] | |||||||
Disclosure Of Interests In Joint Arrangements [Line Items] | |||||||
Proportion of ownership Interest In Joint operation disposed | 50% | ||||||
Loss on disposal of ownership Interest in Joint operation | $ 431 | ||||||
Joint operation parties joint obligation to pulp purchases | 100% | ||||||
Sonae Arauco S.A. [Member] | |||||||
Disclosure Of Interests In Joint Arrangements [Line Items] | |||||||
Percentage of interests in joint operation | 50% |
IMPAIRMENT OF ASSETS (Details)
IMPAIRMENT OF ASSETS (Details) - Cash-generating units [member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of impairment loss recognised or reversed for cash-generating unit [line items] | ||
Opening balance | $ 214,042 | $ 218,764 |
Impairment loss recognized in profit or loss | 141,137 | 21,275 |
Reversal of impairment loss recognized in profit or loss | (9,164) | (21,858) |
Increase (decrease) in foreign exchange | 2,335 | (4,139) |
Closing balance | $ 348,350 | $ 214,042 |
IMPAIRMENT OF ASSETS (Details 1
IMPAIRMENT OF ASSETS (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of impairment loss and reversal of impairment loss [line items] | ||
Impairment loss recognized in profit or loss | $ 144,154 | $ 15,322 |
Machinery [member] | ||
Disclosure of impairment loss and reversal of impairment loss [line items] | ||
Opening balance | 11,798 | 8,088 |
Impairment loss recognized in profit or loss | 13,823 | 5,649 |
Reverse of impairment recognized loss in profit or loss | (7,691) | (2,112) |
Increase (decrease) in foreign exchange | 155 | 173 |
Closing balance | $ 18,085 | $ 11,798 |
IMPAIRMENT OF ASSETS (Details 2
IMPAIRMENT OF ASSETS (Details 2) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Goodwill | $ 54,800 | $ 57,697 | $ 59,567 |
Arauco Canada Ltd. (Flakeboard Company Ltd) [Member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Goodwill | 40,676 | 40,802 | |
Arauco do Brasil S.A. (Pien mill) [Member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Goodwill | 13,392 | 16,163 | |
Arauco North America, Inc. (Prime-Line, Inc.) [Member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Goodwill | $ 732 | $ 732 |
IMPAIRMENT OF ASSETS (Details 3
IMPAIRMENT OF ASSETS (Details 3) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | ||
Opening balance at January 1 | $ 57,697 | $ 59,567 |
Increase (decrease) impairment | 3,895 | 0 |
Increase (decrease) due to business combination | 0 | (685) |
Increase (decrease) in foreign exchange | 998 | (1,185) |
Closing balance | $ 54,800 | $ 57,697 |
IMPAIRMENT OF ASSETS (Details T
IMPAIRMENT OF ASSETS (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Sep. 24, 2012 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Impairment Assets [Line Items] | ||||
Goodwill | $ 54,800 | $ 57,697 | $ 59,567 | |
Discount rate used in current estimate of value in use | 22.07% | |||
Impairment loss on goodwill | $ 3,895 | 0 | ||
Impairment loss recognised in profit or loss, property, plant and equipment | 144,154 | 15,322 | ||
MAPA Project [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Impairment loss on goodwill | 101,069 | |||
Impairment loss recognised in profit or loss, property, plant and equipment | 101,069 | |||
Pien Mill [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Impairment loss on goodwill | 3,895 | |||
Impairment loss recognised in profit or loss, property, plant and equipment | 14,388 | |||
Spare Parts [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Impairment loss recognised in profit or loss, property, plant and equipment | 10,500 | |||
Reversal of impairment loss | $ 7,014 | 11,057 | ||
Pien plant [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Discount rate used in current estimate of value in use | 7.40% | |||
Description of projected cash flow term | 5 years | |||
Pien plant [Member] | BRAZIL | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Goodwill | $ 13,392 | 16,163 | ||
Arauco North America, Inc. (Prime-Line, Inc.) [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Goodwill | 732 | 732 | ||
Arauco Argentina [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Impairment loss recognised in profit or loss, property, plant and equipment | 127,605 | |||
Flakeboard [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Acquisitions through business combinations, intangible assets and goodwill | $ 40,676 | $ 40,802 | ||
Consideration paid (received) | $ 242,502 | |||
Percentage of voting equity interests acquired | 100% | |||
Discount rate used in current estimate of value in use | 7% | |||
Description of projected cash flow term | 7 years | |||
Prime Line Inc [Member] | Arauco North America, Inc. (Prime-Line, Inc.) [Member] | ||||
Disclosure Of Impairment Assets [Line Items] | ||||
Acquisitions through business combinations, intangible assets and goodwill | $ 732 | |||
Consideration paid (received) | $ 18,880 |
PROVISIONS, CONTINGENT ASSETS_3
PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||
Short-term provisions | $ 9,513 | $ 337 |
Long-term provisions, non-Current | 40,706 | 29,549 |
Total Provisions | 50,219 | 29,886 |
Litigations [Member] | ||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||
Short-term provisions | 639 | 337 |
Long-term provisions, non-Current | 39,029 | 29,549 |
Other Short Term Provisions [Member] | ||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||
Short-term provisions | 8,874 | 0 |
Other Long TermProvisions [Member] | ||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||
Long-term provisions, non-Current | $ 1,677 | $ 0 |
PROVISIONS, CONTINGENT ASSETS_4
PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | |||
Opening balance | $ 29,886 | $ 30,836 | $ 33,024 |
Changes in provisions | |||
Additional provisions | 33,457 | ||
Increase in existing provisions | 8,592 | 3,257 | |
Used provisions | (13,652) | (5,349) | (2,832) |
Increase (decrease) in foreign currency exchange | (1,144) | (4,505) | (2,240) |
Other Increases (Decreases) | 1,672 | 312 | (373) |
Total Changes | 20,333 | (950) | (2,188) |
Closing balance | 50,219 | 29,886 | 30,836 |
Litigations [Member] | |||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | |||
Opening balance | 29,886 | 30,836 | 33,011 |
Changes in provisions | |||
Additional provisions | 24,582 | ||
Increase in existing provisions | 8,592 | 3,257 | |
Used provisions | (13,652) | (5,349) | (2,832) |
Increase (decrease) in foreign currency exchange | (1,144) | (4,505) | (2,240) |
Other Increases (Decreases) | (4) | 312 | (362) |
Total Changes | 9,782 | (950) | (2,177) |
Closing balance | 39,668 | 29,886 | 30,836 |
Other Provisions [member] | |||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | |||
Opening balance | 0 | 0 | 11 |
Changes in provisions | |||
Additional provisions | 8,875 | ||
Increase in existing provisions | 0 | 0 | |
Used provisions | 0 | 0 | 0 |
Increase (decrease) in foreign currency exchange | 0 | 0 | 0 |
Other Increases (Decreases) | 1,676 | 0 | (11) |
Total Changes | 10,551 | 0 | (11) |
Closing balance | $ 10,551 | $ 0 | $ 0 |
PROVISIONS, CONTINGENT ASSETS_5
PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES (Details Textual) RM in Thousands, R$ in Thousands | 1 Months Ended | 12 Months Ended | 84 Months Ended | |||||||||||||||||||
Mar. 31, 2023 USD ($) | Mar. 31, 2023 BRL (R$) | Nov. 30, 2021 BRL (R$) | Dec. 31, 2000 | Dec. 31, 2022 USD ($) | Dec. 31, 2022 CLP ($) | Dec. 31, 2022 MXN ($) | Dec. 31, 2006 | Mar. 31, 2023 BRL (R$) | Mar. 27, 2023 | Mar. 09, 2023 USD ($) | Mar. 09, 2023 BRL (R$) | Jan. 26, 2023 USD ($) | Jan. 26, 2023 MYR (RM) | Dec. 31, 2022 ARS ($) | Dec. 31, 2022 CLP ($) | Dec. 13, 2022 USD ($) | Sep. 05, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | May 11, 2020 ha | Apr. 15, 2020 ha | |
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Compensation For Damage Sought Value | R$ 84000 | $ 15,895,000 | ||||||||||||||||||||
Borrowings | 940,677,000 | $ 991,956,000 | ||||||||||||||||||||
BRAZIL | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Civil lawsuits payable | $ 24,533,000 | 8,543,000 | $ 3,045,000 | |||||||||||||||||||
Argentina | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Labour lawsuits payable | $ 212,000 | |||||||||||||||||||||
Arauco do Brasil S.A. [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Estimated Lawsuit Payable | $ 3,073,150 | R$ 15612831 | ||||||||||||||||||||
Borrowings | $ 5,226,890 | R$ 26554677 | ||||||||||||||||||||
Arauco do Brasil S.A. [Member] | Tranche One [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Percentage of debt | 35% | 35% | 65% | |||||||||||||||||||
Estimated Lawsuit Payable | $ 6,792,000 | R$ 34505176 | ||||||||||||||||||||
Percentage Of Payment Through Cash | 30% | 30% | ||||||||||||||||||||
Cash | $ 723,350 | 3,674,892 | ||||||||||||||||||||
Percentage Of Payment Through Compensation With Tax Losses | 70% | 70% | ||||||||||||||||||||
Compensation Through Tax Losses | $ 1,687,810 | R$ 8574747 | ||||||||||||||||||||
Arauco do Brasil S.A. [Member] | Tranche Two [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Estimated Lawsuit Payable | $ 8,300,040 | R$ 42167507 | ||||||||||||||||||||
Forestal Arauco SA [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Area of land Under Possession | 1,855.9 hectares | 1,855.9 hectares | 1,855.9 hectares | |||||||||||||||||||
Total Area of Land | 2,700 hectares | 2,700 hectares | 2,700 hectares | |||||||||||||||||||
Compensation For Damage Sought Value | $ 4,073,000 | $ 3,486,187,431 | ||||||||||||||||||||
Payments For Compensation Damage Sought Value | 493,000 | $ 421,723,281 | ||||||||||||||||||||
Contingent receivables | 117,000 | $ 100,000,000 | ||||||||||||||||||||
Area Of Land Subject To Litigation | ha | 3,424.59 | |||||||||||||||||||||
Percentage share in the property | 4.17% | |||||||||||||||||||||
Area Of Land Not Subject To Litigation | ha | 498 | |||||||||||||||||||||
Area Of Land Subject To Litigation Based On Suit Filed | ha | 1,768.2 | |||||||||||||||||||||
Loss contingency damages sought claim value | $ 82,000 | $ 70,000,000 | ||||||||||||||||||||
Arauco Argentina S.A. [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Area of land afforested | 4,777 hectares | 23,012 hectares | ||||||||||||||||||||
Capacity of plant | 250,000 m3 | 250,000 m3 | 250,000 m3 | |||||||||||||||||||
Additional area of land afforested | 8,089 hectares | 8,089 hectares | 8,089 hectares | |||||||||||||||||||
Fund for export duties payable | $ 23,821,000 | |||||||||||||||||||||
Required collateral value | 2,461,000 | $ 435,952,315 | ||||||||||||||||||||
Celulosa Arauco y Constitución S.A. [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Loss contingency penalty amount | 4,596,000 | $ 5,360,200 | ||||||||||||||||||||
Loss contingency damages paid value | $ 5,360,200 | |||||||||||||||||||||
Payment of principal and interest amount | $ 4,966,000 | RM 3,991,009 | ||||||||||||||||||||
Celulosa Arauco y Constitución S.A. [Member] | Valdivia plant [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Penalty levied by sma | $ 6,669,000 | |||||||||||||||||||||
Annual Tax Units | 7,777 | 7,777 | 7,777 | |||||||||||||||||||
Celulosa Arauco y Constitución S.A.; Forestal Arauco S.A.; Maderas Arauco S.A. and Servicios Logísticos Arauco S.A. [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Compensation For Damages Sought Value | $ 672,000 | $ 575,000,000 | ||||||||||||||||||||
Compensation Sought For Actual Damages Value | 13,074,000 | 11,189,270,050 | ||||||||||||||||||||
Compensation Sought For Loss Of Profit Value | 11,189,270,050 | |||||||||||||||||||||
Compensation Sought For Moral Damages Value | 5,842,000 | $ 5,000,000,000 | ||||||||||||||||||||
Ingeniera y Construccin Sigdo Koppers S.A. [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Loss contingency damages sought claim value | 6,900,000,000 | $ 283,067,000 | ||||||||||||||||||||
Arauco Industria de Mxico, S.A. de C.V. [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Tax credits utilized for interest deductions | 4,369,000 | $ 85,172,274 | ||||||||||||||||||||
Tax credits utilized for tax loss | 14,156,000 | 275,986,671 | ||||||||||||||||||||
Payment of logistics services | 157,000 | 3,058,221 | ||||||||||||||||||||
Tax credit utilized tax amount | 21,384,000 | 416,908,418 | ||||||||||||||||||||
Arauco Industria de Mxico, S.A. de C.V. [Member] | Tranche One [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Contribution to the individual account | 18,000,000 | 342,372,000 | ||||||||||||||||||||
Arauco Industria de Mxico, S.A. de C.V. [Member] | Tranche Two [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Contribution to the individual account | 3,398,000 | 66,250,020 | ||||||||||||||||||||
Arauco Industria de Mxico, S.A. de C.V. [Member] | Tranche Three [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Contribution to the individual account | 2,379,000 | 46,389,980 | ||||||||||||||||||||
Arauco Industria de Mxico, S.A. de C.V. [Member] | Tranche Four [Member] | ||||||||||||||||||||||
Disclosure Of PROVISIONS, CONTINGENT ASSETS AND CONTINGENT LIABILITIES [Line Items] | ||||||||||||||||||||||
Contribution to the individual account | $ 588,000 | $ 11,457,000 |
INTANGIBLE ASSETS (Details)
INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Intangible assets, net | $ 73,439 | $ 84,210 |
Classes of intangible Assets, Gross | 226,642 | 223,654 |
Classes of accumulated amortization and impairment | ||
Accumulated Amortization and Impairment | (153,203) | (139,444) |
Intangible assets under development (IT programs) [Member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Intangible assets, net | 5,076 | 4,881 |
Classes of intangible Assets, Gross | 5,076 | 4,881 |
Computer software [member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Intangible assets, net | 22,323 | 27,268 |
Classes of intangible Assets, Gross | 119,353 | 114,602 |
Classes of accumulated amortization and impairment | ||
Accumulated Amortization and Impairment | (97,030) | (87,334) |
Water rights [Member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Intangible assets, net | 5,185 | 5,684 |
Classes of intangible Assets, Gross | 5,185 | 5,684 |
Customer relationship [Member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Intangible assets, net | 24,015 | 29,218 |
Classes of intangible Assets, Gross | 74,860 | 75,726 |
Classes of accumulated amortization and impairment | ||
Accumulated Amortization and Impairment | (50,845) | (46,508) |
Other identifiable intangible assets [Member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Intangible assets, net | 16,840 | 17,159 |
Classes of intangible Assets, Gross | 22,168 | 22,761 |
Classes of accumulated amortization and impairment | ||
Accumulated Amortization and Impairment | $ (5,328) | $ (5,602) |
INTANGIBLE ASSETS (Details 1)
INTANGIBLE ASSETS (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Opening Balance | $ 84,210 | $ 102,090 |
Changes | ||
Additions | 7,728 | 6,751 |
Disposals | (3,594) | (1,768) |
Amortization | (14,742) | (18,487) |
Increase (decrease) in foreign exchange | (90) | 500 |
Other Increases (decreases) | (73) | (4,876) |
Changes Total | (10,771) | (17,880) |
Closing Balance | 73,439 | 84,210 |
Intangible assets under development [member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Opening Balance | 4,881 | 2,665 |
Changes | ||
Additions | 1,696 | 2,929 |
Disposals | (853) | (1,121) |
Amortization | 0 | 0 |
Increase (decrease) in foreign exchange | 0 | 0 |
Other Increases (decreases) | (648) | 408 |
Changes Total | 195 | 2,216 |
Closing Balance | 5,076 | 4,881 |
Computer software [member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Opening Balance | 27,268 | 31,877 |
Changes | ||
Additions | 3,758 | 3,265 |
Disposals | 0 | (647) |
Amortization | (9,398) | (12,284) |
Increase (decrease) in foreign exchange | 120 | 451 |
Other Increases (decreases) | 575 | 4,606 |
Changes Total | (4,945) | (4,609) |
Closing Balance | 22,323 | 27,268 |
Water rights [Member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Opening Balance | 5,684 | 5,684 |
Changes | ||
Additions | 2,134 | |
Disposals | (2,633) | |
Changes Total | (499) | |
Closing Balance | 5,185 | 5,684 |
Customer relationship [Member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Opening Balance | 29,218 | 35,092 |
Changes | ||
Amortization | (4,969) | (5,940) |
Increase (decrease) in foreign exchange | (234) | 65 |
Other Increases (decreases) | 0 | 1 |
Changes Total | (5,203) | (5,874) |
Closing Balance | 24,015 | 29,218 |
Other [Member] | ||
Disclosure of Intangible Assets Explanatory [Line Items] | ||
Opening Balance | 17,159 | 26,772 |
Changes | ||
Additions | 140 | 557 |
Disposals | (108) | |
Amortization | (375) | (263) |
Increase (decrease) in foreign exchange | 24 | (16) |
Other Increases (decreases) | 0 | (9,891) |
Changes Total | (319) | (9,613) |
Closing Balance | $ 16,840 | $ 17,159 |
INTANGIBLE ASSETS (Details 2)
INTANGIBLE ASSETS (Details 2) | 12 Months Ended |
Dec. 31, 2022 | |
Computer software [member] | |
Disclosure of Intangible Assets Explanatory [Line Items] | |
Amortisation method, intangible assets other than goodwill | 5 |
Customer relationship [Member] | |
Disclosure of Intangible Assets Explanatory [Line Items] | |
Amortisation method, intangible assets other than goodwill | 15 |
Brand names [member] | |
Disclosure of Intangible Assets Explanatory [Line Items] | |
Amortisation method, intangible assets other than goodwill | 7 |
BIOLOGICAL ASSETS (Details)
BIOLOGICAL ASSETS (Details) | 12 Months Ended | |
Nov. 10, 2021 | Dec. 31, 2022 | |
CHILE | Pine [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 24 | |
CHILE | Eucalyptus [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 12 | |
Argentina | Pine [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 15 | |
Argentina | Eucalyptus [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 10 | |
BRAZIL | Pine [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 15 | |
BRAZIL | Eucalyptus [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 7 | |
URUGUAY | Pine [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 0 | |
URUGUAY | Eucalyptus [Member] | ||
Disclosure Of Biological Assets [Line Items] | ||
Average crop age | 10 |
BIOLOGICAL ASSETS (Details 1)
BIOLOGICAL ASSETS (Details 1) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Disclosure Of Biological Assets [Line Items] | |
Discount rate used in current measurement of fair value less costs of disposal | (0.50%) |
Margin rate used as significant input in fair value measurement | (10.00%) |
Discount rate [Member] | |
Disclosure Of Biological Assets [Line Items] | |
Discount rate used in current measurement of fair value less costs of disposal | 0.50% |
Decrease in fair value measurement due to change in one or more unobservable inputs to reflect reasonably possible alternative assumptions, assets | $ (110,015) |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | $ 116,828 |
Margin Rate [Member] | |
Disclosure Of Biological Assets [Line Items] | |
Margin rate used as significant input in fair value measurement | 10% |
Decrease in fair value measurement due to change in one or more unobservable inputs to reflect reasonably possible alternative assumptions, assets | $ (434,191) |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | $ 434,191 |
BIOLOGICAL ASSETS (Details 2)
BIOLOGICAL ASSETS (Details 2) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Biological Assets [Abstract] | |||
Current | $ 330,435 | $ 329,586 | |
Non-current | 2,864,935 | 3,008,897 | |
Total | $ 3,195,370 | $ 3,338,483 | $ 3,598,827 |
BIOLOGICAL ASSETS (Details 3)
BIOLOGICAL ASSETS (Details 3) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Biological Assets [Line Items] | |||
Opening Balance | $ 3,338,483 | $ 3,598,827 | |
Changes in real incurred cost | 174,951 | (63,658) | |
Additions through acquisition | 293,266 | 191,394 | |
Sales | (9,940) | (73,068) | |
Harvest | (115,373) | (114,157) | |
Increases (decreases) in Foreign Currency Translation | 12,603 | (22,130) | |
Loss of forest due to fires | (13,346) | (16,853) | |
Transfers to non-current assets held for sale | 4,938 | (5,770) | |
Decrease due to loss of control in subsidiary | (23,074) | ||
Other Increases (decreases) | 2,803 | ||
Changes in fair value | (318,064) | (196,686) | |
Gain (losses) arising from changes in fair value minus sale costs | 12,932 | 81,986 | $ 182,950 |
Sales | (13,200) | (20,297) | |
Harvest | (320,810) | (223,712) | |
Loss of forest due to fires | (3,781) | (21,062) | |
Transfers to non-current assets held for sale | 5,220 | (5,232) | |
Decrease due to loss of control in subsidiary | (8,369) | ||
Other Increases (decreases) | 1,575 | ||
Total Changes | (143,113) | (260,344) | |
Closing Balance | 3,195,370 | 3,338,483 | 3,598,827 |
Biological assets Current [Member] | |||
Disclosure Of Biological Assets [Line Items] | |||
Opening Balance | 329,586 | 302,710 | |
Changes in real incurred cost | 18,600 | 656 | |
Additions through acquisition | 35 | 78 | |
Sales | (428) | (105) | |
Harvest | (115,373) | (114,157) | |
Increases (decreases) in Foreign Currency Translation | (2,077) | (3,884) | |
Loss of forest due to fires | 0 | (3,398) | |
Transfers from non-current to current | 133,640 | 125,219 | |
Decrease due to loss of control in subsidiary | (3,097) | ||
Other Increases (decreases) | 2,803 | ||
Changes in fair value | (17,751) | 26,220 | |
Gain (losses) arising from changes in fair value minus sale costs | 2,345 | ||
Sales | 106 | ||
Harvest | (320,810) | (223,712) | |
Loss of forest due to fires | (1,164) | ||
Transfers from non-current to current | 299,498 | 252,860 | |
Decrease due to loss of control in subsidiary | (1,764) | ||
Other Increases (decreases) | 1,110 | ||
Total Changes | 849 | 26,876 | |
Closing Balance | 330,435 | 329,586 | 302,710 |
Biological assets Non-current [Member] | |||
Disclosure Of Biological Assets [Line Items] | |||
Opening Balance | 3,008,897 | 3,296,117 | |
Changes in real incurred cost | 156,351 | (64,314) | |
Additions through acquisition | 293,231 | 191,316 | |
Sales | (9,512) | (72,963) | |
Increases (decreases) in Foreign Currency Translation | 14,680 | (18,246) | |
Loss of forest due to fires | (13,346) | (13,455) | |
Transfers to non-current assets held for sale | 4,938 | (5,770) | |
Transfers from non-current to current | (133,640) | (125,219) | |
Decrease due to loss of control in subsidiary | (19,977) | ||
Changes in fair value | (300,313) | (222,906) | |
Gain (losses) arising from changes in fair value minus sale costs | 10,587 | 81,986 | |
Sales | (13,306) | (20,297) | |
Loss of forest due to fires | (3,781) | (19,898) | |
Transfers to non-current assets held for sale | 5,220 | (5,232) | |
Transfers from non-current to current | (299,498) | (252,860) | |
Decrease due to loss of control in subsidiary | (6,605) | ||
Other Increases (decreases) | 465 | ||
Total Changes | (143,962) | (287,220) | |
Closing Balance | $ 2,864,935 | $ 3,008,897 | $ 3,296,117 |
BIOLOGICAL ASSETS (Details Text
BIOLOGICAL ASSETS (Details Textual) $ in Thousands, ha in Millions | 12 Months Ended | ||
Dec. 31, 2022 USD ($) ha | Dec. 31, 2021 USD ($) ha | Dec. 31, 2020 USD ($) | |
Disclosure Of Biological Assets [Line Items] | |||
Output of agricultural produce | ha | 21 | 20.9 | |
Gains (losses) on change in fair value less costs to sell of biological assets for current period | $ 12,932 | $ 81,986 | |
Description of biological assets where fair value information is unreliable | The appraisal of biological assets resulted in a greater cost of the lumber sold in comparison to the real incurred cost, which is presented included in the cost of sales which as of December 31, 2022 amounted to ThU.S.$ 309,670 (ThU.S.$ 223,589 as of December 31, 2021). | ||
Description of nature of activities of biological assets | total surface of 1.66 million hectares of which 951 thousand hectares are used for forestry planting, 491 thousand hectares are native forest, 110 thousand hectares are used for other purposes and 103 thousand hectares not yet planted. | ||
Cost of sales | $ 4,274,496 | 3,681,603 | $ 3,445,284 |
Subsequent Event [Member] | |||
Disclosure Of Biological Assets [Line Items] | |||
Cost of sales | $ 309,670 | $ 223,589 | |
Brazil | |||
Disclosure Of Biological Assets [Line Items] | |||
Rate used to discount cash flows | 8.30% | ||
Argentina | |||
Disclosure Of Biological Assets [Line Items] | |||
Rate used to discount cash flows | 21% | ||
CHILE | |||
Disclosure Of Biological Assets [Line Items] | |||
Rate used to discount cash flows | 7% | ||
Uruguay | |||
Disclosure Of Biological Assets [Line Items] | |||
Rate used to discount cash flows | 9% |
ENVIRONMENTAL MATTERS (Details)
ENVIRONMENTAL MATTERS (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Emvironmental Matters [Line Items] | ||
Environmental disbursements | $ 44,908 | $ 50,742 |
Commitments for disbursements in project | $ 16,726 | $ 21,054 |
Environmental disbursement one [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Environmental improvement studies | Environmental improvement studies |
Disclosure of status of project | In process | In process |
Environmental disbursements | $ 6,898 | $ 19,802 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 2,029 | $ 14,049 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement two [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants | Environmental improvement studies |
Disclosure of status of project | In process | Finished |
Environmental disbursements | $ 1,540 | $ 248 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 10,677 | $ 14 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement three [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of gas emissions from industrial process | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants |
Disclosure of status of project | In process | In process |
Environmental disbursements | $ 167 | $ 410 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 687 | $ 5,244 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement four [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Expansion of solid industrial waste dumpsite for management of these in the future | Environmental improvement studies |
Disclosure of status of project | In process | In process |
Environmental disbursements | $ 68 | $ 11,860 |
Description of nature of disbursement | Assets | Expenses |
Detailed description of nature of disbursement | Property, plant and equipment | Operating costs |
Commitments for disbursements in project | $ 632 | $ 0 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement five [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Environmental improvement studies | Expansion of solid industrial waste dumpsite for management of these in the future |
Disclosure of status of project | In process | In process |
Environmental disbursements | $ 12,506 | $ 10,367 |
Description of nature of disbursement | Expense | Expenses |
Detailed description of nature of disbursement | Operating cost | Operating costs |
Commitments for disbursements in project | $ 0 | $ 0 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement six [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Expansion of solid industrial waste dumpsite for management of these in the future | Expansion of solid industrial waste dumpsite for management of these in the future |
Disclosure of status of project | In process | In process |
Environmental disbursements | $ 13,556 | $ 1,856 |
Description of nature of disbursement | Expense | Assets |
Detailed description of nature of disbursement | Operating cost | Property, plant and equipment |
Commitments for disbursements in project | $ 0 | $ 590 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement seven [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants |
Disclosure of status of project | In process | In process |
Environmental disbursements | $ 119 | $ 921 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 169 | $ 581 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement eight [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Expansion of solid industrial waste dumpsite for management of these in the future | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants |
Disclosure of status of project | Finished | In process |
Environmental disbursements | $ 427 | $ 585 |
Description of nature of disbursement | Assets | Expenses |
Detailed description of nature of disbursement | Property, plant and equipment | Operating costs |
Commitments for disbursements in project | $ 0 | $ 0 |
Estimated completion date of project | 2022 | 2022 |
Environmental disbursement nine [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Environmental improvement studies | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants |
Disclosure of status of project | Finished | In process |
Environmental disbursements | $ 724 | $ 423 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 0 | $ 66 |
Estimated completion date of project | 2022 | 2022 |
Environmental disbursement ten [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants |
Disclosure of status of project | In process | Finished |
Environmental disbursements | $ 4,102 | $ 618 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 8 | $ 6 |
Estimated completion date of project | 2023 | 2022 |
Environmental disbursement eleven [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants | Environmental improvement studies |
Disclosure of status of project | Finished | In process |
Environmental disbursements | $ 366 | $ 1,280 |
Description of nature of disbursement | Assets | Expenses |
Detailed description of nature of disbursement | Property, plant and equipment | Administration expenses |
Commitments for disbursements in project | $ 0 | $ 504 |
Estimated completion date of project | 2022 | 2022 |
Environmental disbursement twelve [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Environmental improvement studies | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants |
Disclosure of status of project | In process | Finished |
Environmental disbursements | $ 1,648 | $ 948 |
Description of nature of disbursement | Expense | Assets |
Detailed description of nature of disbursement | Operating cost | Property, plant and equipment |
Commitments for disbursements in project | $ 124 | $ 0 |
Estimated completion date of project | 2023 | |
Environmental disbursement thirteen [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants | Environmental improvement studies |
Disclosure of status of project | In process | Finished |
Environmental disbursements | $ 47 | $ 222 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 295 | $ 0 |
Estimated completion date of project | 2023 | |
Environmental disbursement fourteen [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants |
Disclosure of status of project | Finished | Finished |
Environmental disbursements | $ 687 | $ 205 |
Description of nature of disbursement | Expense | Assets |
Detailed description of nature of disbursement | Operating cost | Property, plant and equipment |
Commitments for disbursements in project | $ 0 | $ 0 |
Estimated completion date of project | 2022 | |
Environmental disbursement fifteen [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of gas emissions from industrial process | Investment projects for the control and management of gas emissions from industrial process |
Disclosure of status of project | In process | Finished |
Environmental disbursements | $ 684 | $ 997 |
Description of nature of disbursement | Assets | Assets |
Detailed description of nature of disbursement | Property, plant and equipment | Property, plant and equipment |
Commitments for disbursements in project | $ 1,651 | $ 0 |
Estimated completion date of project | 2023 | |
Environmental disbursement sixteen [Member] | ||
Disclosure Of Emvironmental Matters [Line Items] | ||
Description of name of project | Investment projects for the control and management of hazardous liquids and water energy optimization of industrial plants | |
Disclosure of status of project | In process | |
Environmental disbursements | $ 1,369 | |
Description of nature of disbursement | Assets | |
Detailed description of nature of disbursement | Property, plant and equipment | |
Commitments for disbursements in project | $ 454 | |
Estimated completion date of project | 2023 |
NON-CURRENT ASSETS HELD FOR S_3
NON-CURRENT ASSETS HELD FOR SALE (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Noncurrent Assets Held For Sale [Line Items] | |||
Total | $ 13,405,187 | $ 12,744,267 | $ 12,483,994 |
Non-current assets held for sale [member] | |||
Disclosure Of Noncurrent Assets Held For Sale [Line Items] | |||
Land | 307 | 2,306 | |
Buildings | 0 | 307 | |
Forest | 844 | 11,002 | |
Roads | 128 | 543 | |
Total | $ 1,279 | $ 14,158 |
NON-CURRENT ASSETS HELD FOR S_4
NON-CURRENT ASSETS HELD FOR SALE (Details Textual) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 USD ($) ha | Dec. 31, 2021 USD ($) | |
Disclosure Of Noncurrent Assets Held For Sale [Line Items] | ||
Number of hectares of forestry land held for sale | ha | 80,489 | |
Profit From Sale Of Noncurrent Assets | $ | $ 19,670 | $ 229,866 |
FINANCIAL INSTRUMENTS (Details)
FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | $ 913,532 | $ 999,820 |
Financial liabilities | 6,649,011 | 6,620,915 |
Financial liabilities, at fair value | 6,331,528 | 6,121,417 |
Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 1,116,083 | 1,034,023 |
Hedging liabilities [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 76,669 | 296,183 |
Financial liabilities, at fair value | 76,669 | 296,183 |
Hedging assets [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 73,156 | 13,599 |
Financial assets, at fair value | 73,156 | 13,599 |
Trade receivables [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 731,685 | 826,784 |
Lease receivables [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 28,935 | 27 |
Other receivables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 56,973 | 48,531 |
Sundry Debtors [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 8,911 | 32,542 |
Prepayments [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 84,178 | 86,377 |
Receivables due from related parties [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 2,850 | 5,559 |
Financial assets, at fair value | 2,850 | 5,559 |
Other Financial Assets [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 5,371 | 2,791 |
Financial assets, at fair value | 5,371 | 2,791 |
Financial liabilities at fair value through profit or loss [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 17 | 133 |
Financial liabilities, at fair value | 17 | 133 |
Financial liabilities at amortized cost [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 6,572,325 | 6,324,599 |
Financial liabilities, at fair value | 6,331,528 | 6,121,418 |
Financial liabilities at amortized cost [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 3,397,376 | 3,392,010 |
Financial liabilities, at fair value | 3,136,318 | 3,161,062 |
Financial liabilities at amortized cost [member] | Bonds Issued [Member] | UF [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 1,116,083 | 1,034,023 |
Financial liabilities, at fair value | 1,167,251 | 1,024,721 |
Financial liabilities at amortized cost [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 415,462 | 454,652 |
Financial liabilities, at fair value | 408,278 | 463,308 |
Financial liabilities at amortized cost [member] | Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 832,954 | 740,729 |
Financial liabilities, at fair value | 832,954 | 740,729 |
Financial liabilities at amortized cost [member] | Payables to related parties [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 21,011 | 2,577 |
Financial liabilities, at fair value | 21,011 | 2,577 |
Financial liabilities at amortized cost [member] | Lease Liablities [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 264,224 | 163,304 |
Financial liabilities, at fair value | 264,224 | 163,304 |
Financial liabilities at amortized cost [member] | Bank Loans In Other Currencies [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 525,215 | 537,304 |
Financial liabilities, at fair value | 501,492 | 565,717 |
Financial assets at amortised cost, class [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 1,476,046 | 1,783,643 |
Financial assets, at fair value | 1,476,046 | 1,783,643 |
Financial assets at fair value through profit or loss, category [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 110,208 | 230,068 |
Financial assets, at fair value | 110,208 | 230,068 |
Financial assets at fair value through profit or loss, category [member] | Mutual funds investment [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 110,064 | 230,068 |
Financial assets, at fair value | 110,064 | 230,068 |
Financial assets at fair value through profit or loss, category [member] | Derivatives [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 144 | 0 |
Financial assets, at fair value | 144 | 0 |
Loans and Accounts Receivables [member] | Time deposits [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 258,566 | 251,956 |
Financial assets, at fair value | 258,566 | 251,956 |
Loans and Accounts Receivables [member] | Cash [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 298,577 | 529,076 |
Financial assets, at fair value | 298,577 | 529,076 |
Loans and Accounts Receivables [member] | Cash and cash equivalents, Category [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 557,143 | 781,032 |
Financial assets, at fair value | 557,143 | 781,032 |
Accounts receivable (net) [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 910,682 | 994,261 |
Financial assets, at fair value | 910,682 | 994,261 |
Accounts receivable (net) [member] | Trade receivables [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 731,685 | 826,784 |
Financial assets, at fair value | 731,685 | 826,784 |
Accounts receivable (net) [member] | Lease receivables [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 28,935 | 27 |
Financial assets, at fair value | 28,935 | 27 |
Accounts receivable (net) [member] | Other receivables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 56,973 | 48,531 |
Financial assets, at fair value | 56,973 | 48,531 |
Accounts receivable (net) [member] | Sundry Debtors [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 8,911 | 32,542 |
Financial assets, at fair value | 8,911 | 32,542 |
Accounts receivable (net) [member] | Prepayments [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 84,178 | 86,377 |
Financial assets, at fair value | $ 84,178 | $ 86,377 |
FINANCIAL INSTRUMENTS (Details
FINANCIAL INSTRUMENTS (Details 1) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities, at fair value | $ 6,331,528 | $ 6,121,417 |
Hedging liabilities [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities, at fair value | 76,669 | 296,183 |
Hedging liabilities [Member] | Level 1 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities, at fair value | 0 | 0 |
Hedging liabilities [Member] | Level 2 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities, at fair value | 76,669 | 296,183 |
Hedging assets [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 73,156 | 13,599 |
Hedging assets [Member] | Level 1 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 0 | 0 |
Hedging assets [Member] | Level 2 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 73,156 | 13,599 |
Financial liabilities at fair value through profit or loss, category [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities, at fair value | 17 | 133 |
Financial liabilities at fair value through profit or loss, category [member] | Level 2 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities, at fair value | 17 | 133 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 230,068 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Level 1 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 230,068 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Level 2 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 144 | $ 0 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Derivatives [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 144 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Mutual funds investment [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | 110,064 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Mutual funds investment [Member] | Level 1 of fair value hierarchy [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets, at fair value | $ 110,064 |
FINANCIAL INSTRUMENTS (Detail_2
FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | $ 375,451 | $ 339,441 |
Other non-current financial liabilities | 5,155,371 | 5,374,864 |
Other financial liabilities | 5,530,822 | 5,714,305 |
Current lease liabilities | 36,784 | 49,603 |
Non-current lease liabilities | 227,440 | 113,701 |
Lease liabilities | 264,224 | 163,304 |
Trade and other current payables | 827,118 | 741,034 |
Trade and other non-current payables | 26,847 | 2,272 |
Trade and other payables | 853,965 | 743,306 |
Current financial liabilities | 1,239,353 | 1,130,078 |
Non-current financial liabilities | 5,409,658 | 5,490,837 |
Financial liabilities | 6,649,011 | 6,620,915 |
Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 141,110 | 59,007 |
Current lease liabilities | 11,339 | 13,204 |
Trade and other current payables | 809,813 | 731,659 |
Current financial liabilities | 962,262 | 803,870 |
Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 234,341 | 280,434 |
Current lease liabilities | 25,445 | 36,399 |
Trade and other current payables | 17,305 | 9,375 |
Current financial liabilities | 277,091 | 326,208 |
Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 3,179,704 | 3,694,319 |
Non-current lease liabilities | 142,630 | 43,159 |
Trade and other non-current payables | 21,102 | 0 |
Non-current financial liabilities | 3,343,436 | 3,737,478 |
Later than three years and not later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 947,217 | 582,606 |
Non-current lease liabilities | 38,906 | 26,083 |
Trade and other non-current payables | 0 | 0 |
Non-current financial liabilities | 986,123 | 608,689 |
Later than one year and not later than three years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 1,028,450 | 1,097,939 |
Non-current lease liabilities | 45,904 | 44,459 |
Trade and other non-current payables | 5,745 | 2,272 |
Non-current financial liabilities | 1,080,099 | 1,144,670 |
Bonds obligations [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 95,550 | 90,371 |
Other non-current financial liabilities | 4,417,909 | 4,335,662 |
Other financial liabilities | 4,513,459 | 4,426,033 |
Financial liabilities | 1,116,083 | 1,034,023 |
Bonds obligations [Member] | Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 29,114 | 29,114 |
Bonds obligations [Member] | Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 66,436 | 61,257 |
Bonds obligations [Member] | Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 3,050,047 | 3,503,450 |
Bonds obligations [Member] | Later than three years and not later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 782,344 | 257,362 |
Bonds obligations [Member] | Later than one year and not later than three years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 585,518 | 574,850 |
Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 277,794 | 248,835 |
Other non-current financial liabilities | 662,883 | 743,121 |
Other financial liabilities | 940,677 | 991,956 |
Bank Borrowings [Member] | Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 109,889 | 29,658 |
Bank Borrowings [Member] | Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 167,905 | 219,177 |
Bank Borrowings [Member] | Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 129,657 | 190,869 |
Bank Borrowings [Member] | Later than three years and not later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 164,873 | 325,244 |
Bank Borrowings [Member] | Later than one year and not later than three years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 368,353 | 227,008 |
Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | 812,838 | 738,457 |
Trade and other non-current payables | 20,116 | 2,272 |
Trade and other payables | 832,954 | 740,729 |
Trade and other payables [Member] | Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | 795,533 | 729,082 |
Trade and other payables [Member] | Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | 17,305 | 9,375 |
Trade and other payables [Member] | Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other non-current payables | 17,654 | 0 |
Trade and other payables [Member] | Later than three years and not later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other non-current payables | 0 | 0 |
Trade and other payables [Member] | Later than one year and not later than three years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other non-current payables | 2,462 | 2,272 |
Accounts payable to related companies [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | 14,280 | 2,577 |
Trade and other non-current payables | 6,731 | 0 |
Trade and other payables | 21,011 | 2,577 |
Accounts payable to related companies [Member] | Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | 14,280 | 2,577 |
Accounts payable to related companies [Member] | Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | 0 | 0 |
Accounts payable to related companies [Member] | Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other non-current payables | 3,448 | 0 |
Accounts payable to related companies [Member] | Later than three years and not later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other non-current payables | 0 | 0 |
Accounts payable to related companies [Member] | Later than one year and not later than three years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other non-current payables | 3,283 | 0 |
Swap and forward [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 2,107 | 235 |
Other non-current financial liabilities | 74,579 | 296,081 |
Other financial liabilities | 76,686 | 296,316 |
Swap and forward [Member] | Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 2,107 | 235 |
Swap and forward [Member] | Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other current financial liabilities | 0 | 0 |
Swap and forward [Member] | Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 0 | 0 |
Swap and forward [Member] | Later than three years and not later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 0 | 0 |
Swap and forward [Member] | Later than one year and not later than three years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Other non-current financial liabilities | 74,579 | 296,081 |
Lease Liablities [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current lease liabilities | 36,784 | 49,603 |
Non-current lease liabilities | 227,440 | 113,701 |
Lease liabilities | 264,224 | 163,304 |
Lease Liablities [Member] | Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current lease liabilities | 11,339 | 13,204 |
Lease Liablities [Member] | Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current lease liabilities | 25,445 | 36,399 |
Lease Liablities [Member] | Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Non-current lease liabilities | 142,630 | 43,159 |
Lease Liablities [Member] | Later than three years and not later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Non-current lease liabilities | 38,906 | 26,083 |
Lease Liablities [Member] | Later than one year and not later than three years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Non-current lease liabilities | $ 45,904 | $ 44,459 |
FINANCIAL INSTRUMENTS (Detail_3
FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Hedging instrument, assets | $ 73,156 | $ 13,599 |
Hedging instrument, liabilities | (76,669) | (296,183) |
Derivative financial liabilities | (17) | (133) |
Forward Contract liability [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Derivative financial liabilities | (17) | (133) |
Cross currency swap liability [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Hedging instrument, liabilities | (76,019) | (295,782) |
Derivatives [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Derivative financial assets | 144 | 0 |
Cross currency swap [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Hedging instrument, assets | 55,527 | 0 |
Uruguay | Derivative contracts [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Hedging instrument, liabilities | (650) | (401) |
Uruguay | Derivatives [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Derivative financial assets | 144 | |
Hedging instrument, assets | $ 17,629 | $ 13,599 |
FINANCIAL INSTRUMENTS (Detail_4
FINANCIAL INSTRUMENTS (Details 4) - Cross currency swap contract [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financials Instruments [Line items] | ||
Net derivative financial liabilities | $ 44,661 | $ (251,164) |
Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | F | |
Name of the institution | Scotiabank - Chile | |
Starting date of Hedging instrument | Oct. 30, 2014 | |
Maturity date of hedging instrument | Apr. 30, 2023 | |
Net derivative financial liabilities | $ 1,625 | (2,141) |
Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | F | |
Name of the institution | Scotiabank - Chile | |
Starting date of Hedging instrument | Oct. 30, 2014 | |
Maturity date of hedging instrument | Apr. 30, 2023 | |
Net derivative financial liabilities | $ 1,673 | (2,048) |
Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | F | |
Name of the institution | Santander - Chile | |
Starting date of Hedging instrument | Oct. 30, 2014 | |
Maturity date of hedging instrument | Apr. 30, 2023 | |
Net derivative financial liabilities | $ 1,905 | (1,550) |
BCI – Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | F | |
Name of the institution | BCI - Chile | |
Starting date of Hedging instrument | Oct. 30, 2021 | |
Maturity date of hedging instrument | Oct. 30, 2029 | |
Net derivative financial liabilities | $ 2,692 | (3,239) |
Banco de Chile Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | F | |
Name of the institution | Banco de Chile - Chile | |
Starting date of Hedging instrument | Apr. 30, 2019 | |
Maturity date of hedging instrument | Oct. 30, 2029 | |
Net derivative financial liabilities | $ 2,104 | (4,203) |
Itau - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | Itau - Chile | |
Starting date of Hedging instrument | Oct. 01, 2014 | |
Maturity date of hedging instrument | Apr. 01, 2024 | |
Net derivative financial liabilities | $ (1,835) | (8,543) |
Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | F | |
Name of the institution | Scotiabank - Chile | |
Starting date of Hedging instrument | Oct. 30, 2021 | |
Maturity date of hedging instrument | Oct. 30, 2029 | |
Net derivative financial liabilities | $ 3,212 | (2,450) |
Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | P | |
Name of the institution | Scotiabank - Chile | |
Starting date of Hedging instrument | Nov. 15, 2013 | |
Maturity date of hedging instrument | Nov. 15, 2023 | |
Net derivative financial liabilities | $ (1,025) | (7,085) |
Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | W | |
Name of the institution | Scotiabank - Chile | |
Starting date of Hedging instrument | Oct. 10, 2018 | |
Maturity date of hedging instrument | Oct. 10, 2028 | |
Net derivative financial liabilities | $ (148) | (11,807) |
Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | P | |
Name of the institution | Santander - Chile | |
Starting date of Hedging instrument | Nov. 15, 2013 | |
Maturity date of hedging instrument | Nov. 15, 2023 | |
Net derivative financial liabilities | $ (448) | (6,053) |
Deutsche - U.K. [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | P | |
Name of the institution | Deutsche – U.K. | |
Starting date of Hedging instrument | Nov. 15, 2013 | |
Maturity date of hedging instrument | Nov. 15, 2023 | |
Net derivative financial liabilities | $ (401) | (6,304) |
BCI - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | F | |
Name of the institution | BCI - Chile | |
Starting date of Hedging instrument | Oct. 30, 2014 | |
Maturity date of hedging instrument | Apr. 30, 2023 | |
Net derivative financial liabilities | $ 2,154 | (1,380) |
BCI - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | P | |
Name of the institution | BCI – Chile | |
Starting date of Hedging instrument | Nov. 15, 2021 | |
Maturity date of hedging instrument | Nov. 15, 2032 | |
Net derivative financial liabilities | $ 4,709 | (5,077) |
Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | R | |
Name of the institution | Santander - Chile | |
Starting date of Hedging instrument | Oct. 01, 2014 | |
Maturity date of hedging instrument | Apr. 01, 2024 | |
Net derivative financial liabilities | $ (5,117) | (24,743) |
JP Morgan - U.K [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | R | |
Name of the institution | JP Morgan – U.K. | |
Starting date of Hedging instrument | Oct. 01, 2014 | |
Maturity date of hedging instrument | Apr. 01, 2024 | |
Net derivative financial liabilities | $ (1,725) | (8,509) |
Itau - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | R | |
Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | S | |
Name of the institution | Santander - Chile | |
Starting date of Hedging instrument | Nov. 15, 2016 | |
Maturity date of hedging instrument | Nov. 15, 2026 | |
Net derivative financial liabilities | $ 10,004 | (36,758) |
Goldman Sachs [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | W | |
Name of the institution | Goldman Sachs – N.A. | |
Starting date of Hedging instrument | Oct. 10, 2018 | |
Maturity date of hedging instrument | Oct. 10, 2028 | |
Net derivative financial liabilities | $ (167) | (11,921) |
Goldman Sachs N.A [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | W | |
Name of the institution | Goldman Sachs – N.A. | |
Starting date of Hedging instrument | Oct. 10, 2018 | |
Maturity date of hedging instrument | Oct. 10, 2028 | |
Net derivative financial liabilities | $ 369 | (11,275) |
Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | X | |
Name of the institution | Santander - Chile | |
Starting date of Hedging instrument | Oct. 10, 2018 | |
Maturity date of hedging instrument | Oct. 10, 2038 | |
Net derivative financial liabilities | $ 10,457 | (50,527) |
Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | X | |
Name of the institution | Santander - Chile | |
Starting date of Hedging instrument | Oct. 10, 2018 | |
Maturity date of hedging instrument | Oct. 10, 2038 | |
Net derivative financial liabilities | $ 8,928 | (41,802) |
BCI Chile Three [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bond Name | P | |
Name of the institution | BCI – Chile | |
Starting date of Hedging instrument | Nov. 15, 2021 | |
Maturity date of hedging instrument | Nov. 15, 2032 | |
Net derivative financial liabilities | $ 5,695 | (3,749) |
Net derivative financial liabilities | $ (65,153) | (44,618) |
JP Morgan - N.A. [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | JP Morgan - N.A. | |
Starting date of Hedging instrument | Jun. 15, 2021 | |
Maturity date of hedging instrument | Dec. 15, 2029 | |
Net derivative financial liabilities | $ (26,033) | (18,154) |
MUFG NA [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | MUFG - N.A. | |
Starting date of Hedging instrument | Jun. 15, 2021 | |
Maturity date of hedging instrument | Dec. 15, 2029 | |
Net derivative financial liabilities | $ (12,898) | (9,000) |
HSBC NA [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | HSBC - N.A. | |
Starting date of Hedging instrument | Jun. 15, 2021 | |
Maturity date of hedging instrument | Dec. 15, 2029 | |
Net derivative financial liabilities | $ (6,452) | (4,504) |
Banco de Chile Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | Banco de Chile - Chile | |
Starting date of Hedging instrument | Jun. 15, 2021 | |
Maturity date of hedging instrument | Dec. 15, 2029 | |
Net derivative financial liabilities | $ (6,491) | (4,484) |
Santander Chile Six [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | Santander - Chile | |
Starting date of Hedging instrument | Jun. 15, 2021 | |
Maturity date of hedging instrument | Dec. 15, 2029 | |
Net derivative financial liabilities | $ (13,279) | $ (8,476) |
US dollars [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 24,453,184 | |
US dollars [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 24,422,642 | |
US dollars [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 24,167,222 | |
US dollars [Member] | BCI – Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 24,500,016 | |
US dollars [Member] | Banco de Chile Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 24,167,223 | |
US dollars [Member] | Itau - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 43,277,070 | |
US dollars [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 24,529,437 | |
US dollars [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 38,557,134 | |
US dollars [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 40,537,926 | |
US dollars [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 37,957,011 | |
US dollars [Member] | Deutsche - U.K. [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 37,957,011 | |
US dollars [Member] | BCI - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 23,940,993 | |
US dollars [Member] | BCI - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 35,000,024 | |
US dollars [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 128,611,183 | |
US dollars [Member] | JP Morgan - U.K [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 43,185,224 | |
US dollars [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 201,340,031 | |
US dollars [Member] | Goldman Sachs [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 40,521,750 | |
US dollars [Member] | Goldman Sachs N.A [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 40,066,555 | |
US dollars [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 118,400,504 | |
US dollars [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 97,971,786 | |
US dollars [Member] | BCI Chile Three [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 34,997,071 | |
US dollars [Member] | JP Morgan - N.A. [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 195,456,471 | |
US dollars [Member] | MUFG NA [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 97,728,235 | |
US dollars [Member] | HSBC NA [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 48,864,118 | |
US dollars [Member] | Banco de Chile Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 48,864,118 | |
US dollars [Member] | Santander Chile Six [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 97,728,235 | |
Unidad de Fomento [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 636,364 | |
Unidad de Fomento [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 636,364 | |
Unidad de Fomento [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 636,364 | |
Unidad de Fomento [Member] | BCI – Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 636,364 | |
Unidad de Fomento [Member] | Banco de Chile Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 636,364 | |
Unidad de Fomento [Member] | Itau - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 1,000,000 | |
Unidad de Fomento [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 636,364 | |
Unidad de Fomento [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 909,091 | |
Unidad de Fomento [Member] | Scotiabank Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 1,000,000 | |
Unidad de Fomento [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 909,091 | |
Unidad de Fomento [Member] | Deutsche - U.K. [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 909,091 | |
Unidad de Fomento [Member] | BCI - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 636,364 | |
Unidad de Fomento [Member] | BCI - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 909,091 | |
Unidad de Fomento [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 3,000,000 | |
Unidad de Fomento [Member] | JP Morgan - U.K [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 1,000,000 | |
Unidad de Fomento [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 5,000,000 | |
Unidad de Fomento [Member] | Goldman Sachs [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 1,000,000 | |
Unidad de Fomento [Member] | Goldman Sachs N.A [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 1,000,000 | |
Unidad de Fomento [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 3,000,000 | |
Unidad de Fomento [Member] | Santander - Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 2,500,000 | |
Unidad de Fomento [Member] | BCI Chile Three [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 909,091 | |
Euro [Member] | JP Morgan - N.A. [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 164,705,882 | |
Euro [Member] | MUFG NA [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 82,352,941 | |
Euro [Member] | HSBC NA [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 41,176,471 | |
Euro [Member] | Banco de Chile Chile [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | 41,176,471 | |
Euro [Member] | Santander Chile Six [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Value of hedging instrument | $ 82,352,941 |
FINANCIAL INSTRUMENTS (Detail_5
FINANCIAL INSTRUMENTS (Details 6) - URUGUAY - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financials Instruments [Line items] | ||
Net derivative financial liabilities | $ 90 | $ 2,807 |
Forward contract One [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | UYUUSD | |
Name of the institution | Santander - Uruguay | |
Nominal amount of hedging instrument | $ 0 | 1,765 |
Net derivative financial liabilities | $ 0 | 19 |
Forward contract Two [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | UYUUSD | |
Name of the institution | HSBC - Uruguay | |
Nominal amount of hedging instrument | $ 13,735 | 6,510 |
Net derivative financial liabilities | $ 1,138 | 106 |
Forward contract Three [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | UYUUSD | |
Name of the institution | Itaú - Uruguay | |
Nominal amount of hedging instrument | $ 8,480 | 9,892 |
Net derivative financial liabilities | $ 451 | 258 |
Forward contract Four [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | UYUUSD | |
Name of the institution | Itaú - Uruguay | |
Nominal amount of hedging instrument | $ 0 | 0 |
Net derivative financial liabilities | $ 0 | (91) |
Forward contract Five [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | UYUUSD | |
Name of the institution | Banco de la República Oriental de Uruguay | |
Nominal amount of hedging instrument | $ 3,805 | 0 |
Net derivative financial liabilities | $ 166 | 0 |
Forward contract Six [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | EURUSD | |
Name of the institution | Itaú - Uruguay | |
Nominal amount of hedging instrument | $ 859 | 0 |
Net derivative financial liabilities | 33 | 0 |
Forward contract [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Net derivative financial liabilities | $ 1,790 | 292 |
Forward Contract Seven [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | EURUSD | |
Name of the institution | Santander - Uruguay | |
Nominal amount of hedging instrument | $ 2,416 | 0 |
Net derivative financial liabilities | $ 3 | 0 |
Forward Contract Eight [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | EURUSD | |
Name of the institution | Santander - Uruguay | |
Nominal amount of hedging instrument | $ 0 | 0 |
Net derivative financial liabilities | $ (1) | $ 0 |
FINANCIAL INSTRUMENTS (Detail_6
FINANCIAL INSTRUMENTS (Details 7) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 USD ($) bbl | Dec. 31, 2021 USD ($) | |
URUGUAY | ||
Disclosure Of Financials Instruments [Line items] | ||
Net derivative financial liabilities | $ 90 | $ 2,807 |
URUGUAY | Fuel oil No.6 One [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | JP Morgan - N.A. | |
Nominal Amounts Of Hedging Instrument | $ 7,367 | 8,491 |
Net derivative financial liabilities | $ 677 | 1,963 |
URUGUAY | Fuel oil No.6 Two [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | DNB Bank ASA | |
Nominal Amounts Of Hedging Instrument | $ 7,366 | 3,149 |
Net derivative financial liabilities | $ 62 | 978 |
URUGUAY | Fuel oil No.6 Three [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | JP Morgan - N.A. | |
Nominal Amounts Of Hedging Instrument | $ 0 | 0 |
Net derivative financial liabilities | $ (252) | (77) |
URUGUAY | Fuel oil No.6 Four [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | DNB Bank ASA | |
Nominal Amounts Of Hedging Instrument | $ 0 | 0 |
Net derivative financial liabilities | (397) | (57) |
CHILE | Zero cost collar [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Net derivative financial liabilities | $ 0 | 7,535 |
CHILE | Zero cost collar [Member] | Brent One [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | BNP Paribas – E.U. | |
Annual production capacity | bbl | 220,000 | |
Starting date of Hedging instrument | Aug. 01, 2021 | |
Maturity date of hedging instrument | Jul. 31, 2022 | |
Net derivative financial liabilities | $ 0 | 3,737 |
CHILE | Zero cost collar [Member] | Brent Two [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | Goldman Sachs - N.A. | |
Annual production capacity | bbl | 220,000 | |
Starting date of Hedging instrument | Aug. 01, 2021 | |
Maturity date of hedging instrument | Jul. 31, 2022 | |
Net derivative financial liabilities | $ 0 | 3,798 |
UNITED STATES | ||
Disclosure Of Financials Instruments [Line items] | ||
Net derivative financial liabilities | $ 15,133 | 2,740 |
UNITED STATES | Interest rate swap contract One [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | JP Morgan - N.A. | |
Nominal Amounts Of Hedging Instrument | $ 80,000,000 | |
Starting date of Hedging instrument | Apr. 28, 2020 | |
Maturity date of hedging instrument | Apr. 28, 2024 | |
Net derivative financial liabilities | $ 5,062 | 845 |
UNITED STATES | Interest rate swap contract Two [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | Goldman Sachs N.A. | |
Nominal Amounts Of Hedging Instrument | $ 80,000,000 | |
Starting date of Hedging instrument | Apr. 28, 2020 | |
Maturity date of hedging instrument | Apr. 28, 2024 | |
Net derivative financial liabilities | $ 5,004 | 1,043 |
UNITED STATES | Interest rate swap contract three [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | JP Morgan - N.A. | |
Nominal Amounts Of Hedging Instrument | $ 80,000,000 | |
Starting date of Hedging instrument | Apr. 28, 2020 | |
Maturity date of hedging instrument | Apr. 28, 2024 | |
Net derivative financial liabilities | $ 5,067 | 852 |
Argentina | ||
Disclosure Of Financials Instruments [Line items] | ||
Net derivative financial liabilities | $ (17) | (133) |
Argentina | Interest rate swap contract One [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | Santander - Argentina | |
Nominal Amounts Of Hedging Instrument | $ 3,800 | |
Starting date of Hedging instrument | Dec. 10, 2021 | |
Maturity date of hedging instrument | Jan. 31, 2022 | |
Net derivative financial liabilities | $ 0 | (65) |
Description of exchange rate translation | ARSUSD | |
Argentina | Interest rate swap contract Two [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | BBVA - Argentina | |
Nominal Amounts Of Hedging Instrument | $ 3,800 | |
Starting date of Hedging instrument | Dec. 10, 2021 | |
Maturity date of hedging instrument | Feb. 25, 2022 | |
Net derivative financial liabilities | $ 0 | (68) |
Description of exchange rate translation | ARSUSD | |
Argentina | Interest rate swap contract three [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of the institution | BBVA - Argentina | |
Nominal Amounts Of Hedging Instrument | $ 6,000 | |
Starting date of Hedging instrument | Dec. 15, 2022 | |
Maturity date of hedging instrument | Jan. 31, 2023 | |
Net derivative financial liabilities | $ (17) | $ 0 |
Description of exchange rate translation | ARSUSD |
FINANCIAL INSTRUMENTS (Detail_7
FINANCIAL INSTRUMENTS (Details 8) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
URUGUAY | ||
Disclosure Of Financials Instruments [Line items] | ||
Other financial assets | $ 110 | $ (176) |
Interest rate swap contract [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Description of exchange rate translation | USD | |
Name of the institution | DNB Bank ASA | |
Nominal Amounts Of Hedging Instrument | $ 8,440 | |
Interest rate swap contract [member] | URUGUAY | ||
Disclosure Of Financials Instruments [Line items] | ||
Other financial assets | $ 110 | $ (176) |
FINANCIAL INSTRUMENTS (Detail_8
FINANCIAL INSTRUMENTS (Details 9) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | $ 913,532 | $ 999,820 |
Trade receivables [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 731,685 | 826,784 |
Lease receivables [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 28,935 | 27 |
Other receivables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 56,973 | 48,531 |
Accounts receivable due from related parties | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 2,850 | 5,559 |
Sundry Debtors [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 8,911 | 32,542 |
Prepayments [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 84,178 | 86,377 |
Cash and cash equivalents, Category [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 557,143 | 781,032 |
Cash and cash equivalents, Category [Member] | Time deposits [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 258,566 | 251,956 |
Cash and cash equivalents, Category [Member] | Cash [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 298,577 | 529,076 |
Financial assets at amortised cost, category [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | 1,476,046 | 1,783,643 |
Other financial assets [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial assets | $ 5,371 | $ 2,791 |
FINANCIAL INSTRUMENTS (Detail_9
FINANCIAL INSTRUMENTS (Details 10) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure Of Financials Instruments [Line items] | ||||
Cash and cash equivalents | $ 667,207 | $ 1,011,100 | $ 1,064,714 | $ 1,560,012 |
U.S Dollar [Member] | ||||
Disclosure Of Financials Instruments [Line items] | ||||
Cash and cash equivalents | 395,254 | 703,232 | ||
Euro [Member] | ||||
Disclosure Of Financials Instruments [Line items] | ||||
Cash and cash equivalents | 4,884 | 5,755 | ||
Mexican Pesos [Member] | ||||
Disclosure Of Financials Instruments [Line items] | ||||
Cash and cash equivalents | 28,564 | 20,467 | ||
Other currencies [Member] | ||||
Disclosure Of Financials Instruments [Line items] | ||||
Cash and cash equivalents | 228,481 | 277,441 | ||
Chilean Pesos [Member] | ||||
Disclosure Of Financials Instruments [Line items] | ||||
Cash and cash equivalents | $ 10,024 | $ 4,205 |
FINANCIAL INSTRUMENTS (Detai_10
FINANCIAL INSTRUMENTS (Details 11) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Trades and other current receivables | $ 878,008 | $ 979,923 |
Accounts receivable from related parties, current | 2,850 | 5,559 |
Trade and other non-current receivables | 32,674 | 14,338 |
U.S Dollar [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trades and other current receivables | 614,204 | 789,236 |
Accounts receivable from related parties, current | 0 | 0 |
Trade and other non-current receivables | 5,880 | 11,806 |
Euro [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trades and other current receivables | 36,425 | 21,884 |
Accounts receivable from related parties, current | 0 | 0 |
Trade and other non-current receivables | 0 | 0 |
Other currencies [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trades and other current receivables | 90,618 | 66,886 |
Chilean Pesos [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trades and other current receivables | 97,616 | 70,127 |
Accounts receivable from related parties, current | 2,850 | 5,559 |
Trade and other non-current receivables | 3,434 | 2,492 |
Unidad de Fomento [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trades and other current receivables | 6,056 | 502 |
Accounts receivable from related parties, current | 0 | 0 |
Trade and other non-current receivables | 23,360 | 40 |
Mexican Pesos [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trades and other current receivables | 33,089 | 31,288 |
Accounts receivable from related parties, current | 0 | 0 |
Trade and other non-current receivables | $ 0 | $ 0 |
FINANCIAL INSTRUMENTS (Detai_11
FINANCIAL INSTRUMENTS (Details 12) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 6,649,011 | $ 6,620,915 |
Hedging liabilities [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 76,669 | 296,183 |
Financial liabilities at fair value, class [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 6,649,011 | 6,620,915 |
Financial liabilities at fair value through profit or loss (held for trading) [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 17 | 133 |
Financial Liabilities Measured at Amortized Cost [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 6,572,325 | $ 6,324,599 |
FINANCIAL INSTRUMENTS (Detai_12
FINANCIAL INSTRUMENTS (Details 13) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Current portion of non-current borrowings | $ 234,802 | $ 339,206 |
Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current portion of non-current borrowings | 139,252 | 248,835 |
Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current portion of non-current borrowings | $ 95,550 | $ 90,371 |
FINANCIAL INSTRUMENTS (Detai_13
FINANCIAL INSTRUMENTS (Details 14) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 6,572,325 | $ 6,324,599 |
Financial liabilities, at fair value | 6,331,528 | 6,121,417 |
U.S Dollar [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 3,397,376 | 3,392,010 |
Financial liabilities, at fair value | 3,136,318 | 3,161,062 |
U.S Dollar [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 415,462 | 454,652 |
Financial liabilities, at fair value | 408,278 | 463,308 |
U.S Dollar [Member] | Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 234,226 | 288,172 |
Financial liabilities, at fair value | 234,226 | 288,172 |
U.S Dollar [Member] | Accounts payable to related parties [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 202 | 230 |
Financial liabilities, at fair value | 202 | 230 |
U.S Dollar [Member] | Lease liabilities [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 131,292 | 79,045 |
Financial liabilities, at fair value | 131,292 | 79,045 |
Unidad de Fomento [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 1,116,083 | 1,034,023 |
Financial liabilities, at fair value | 1,167,251 | 1,024,721 |
Unidad de Fomento [Member] | Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 39,356 | 34,787 |
Financial liabilities, at fair value | 39,356 | 34,787 |
Unidad de Fomento [Member] | Lease liabilities [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 16,936 | 19,875 |
Financial liabilities, at fair value | 16,936 | 19,875 |
Other currencies [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 69,890 | 27,764 |
Financial liabilities, at fair value | 0 | 0 |
Other currencies [Member] | Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 150,004 | 107,302 |
Financial liabilities, at fair value | 150,004 | 107,302 |
Other currencies [Member] | Lease liabilities [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 101,292 | 22,072 |
Financial liabilities, at fair value | 101,292 | 22,072 |
Chilean Pesos [Member] | Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 369,300 | 268,624 |
Financial liabilities, at fair value | 369,300 | 268,624 |
Chilean Pesos [Member] | Accounts payable to related parties [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 20,809 | 2,347 |
Financial liabilities, at fair value | 20,809 | 2,347 |
Chilean Pesos [Member] | Lease liabilities [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 11,265 | 38,278 |
Financial liabilities, at fair value | 11,265 | 38,278 |
Euro [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 455,325 | 509,540 |
Financial liabilities, at fair value | 501,492 | 565,717 |
Euro [Member] | Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 23,277 | 13,955 |
Financial liabilities, at fair value | 23,277 | 13,955 |
Euro [Member] | Lease liabilities [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 201 | 266 |
Financial liabilities, at fair value | 201 | 266 |
Mexican Pesos [Member] | Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 16,791 | 27,889 |
Financial liabilities, at fair value | 16,791 | 27,889 |
Mexican Pesos [Member] | Lease liabilities [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 3,238 | 3,768 |
Financial liabilities, at fair value | $ 3,238 | $ 3,768 |
FINANCIAL INSTRUMENTS (Detai_14
FINANCIAL INSTRUMENTS (Details 15) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Current financial liabilities at amortised cost | $ 1,237,246 | $ 1,129,843 |
Non-current financial liabilities at amortised cost | 5,335,079 | 5,194,756 |
Financial liabilities at amortised cost | 6,572,325 | 6,324,599 |
Other financial liabilities [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current financial liabilities at amortised cost | 373,344 | 339,206 |
Non-current financial liabilities at amortised cost | 5,080,792 | 5,078,783 |
Financial liabilities at amortised cost | 5,454,136 | 5,417,989 |
Lease liabilities [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current financial liabilities at amortised cost | 36,784 | 49,603 |
Non-current financial liabilities at amortised cost | 227,440 | 113,701 |
Financial liabilities at amortised cost | 264,224 | 163,304 |
Trade and other payables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current financial liabilities at amortised cost | 812,838 | 738,457 |
Non-current financial liabilities at amortised cost | 20,116 | 2,272 |
Financial liabilities at amortised cost | 832,954 | 740,729 |
Accounts payable to related parties [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current financial liabilities at amortised cost | 14,280 | 2,577 |
Non-current financial liabilities at amortised cost | 6,731 | 0 |
Financial liabilities at amortised cost | $ 21,011 | $ 2,577 |
FINANCIAL INSTRUMENTS (Detai_15
FINANCIAL INSTRUMENTS (Details 16) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Financials Instruments [Line items] | |||
Gains (losses) on cash flow hedges, before tax | $ 186,911 | $ (84,879) | $ 8,222 |
Reclassification adjustments on cash flow hedges before tax | (9,577) | (45,426) | (67,785) |
Income tax relating to cash flow hedges of other comprehensive income | (50,587) | 30,453 | 13,546 |
In accordance with IFRS 9 [member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Reserve of cash flow hedges | (136,859) | (37,007) | 9,010 |
Gains (losses) on cash flow hedges, before tax | 186,911 | (84,879) | 8,222 |
Reclassification adjustments on cash flow hedges before tax | (9,577) | (45,426) | (67,785) |
Income tax relating to cash flow hedges of other comprehensive income | (50,587) | 30,453 | 13,546 |
Reserve of cash flow hedges | $ (10,112) | $ (136,859) | $ (37,007) |
FINANCIAL INSTRUMENTS (Detai_16
FINANCIAL INSTRUMENTS (Details 17) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 6,649,011 | $ 6,620,915 |
Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 1,116,083 | 1,034,023 |
Syndicate Loan Banco Estado [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | 242,483 | 270,214 |
Syndicate ECA Banco BNP Paribas [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 455,325 | $ 509,540 |
FINANCIAL INSTRUMENTS (Detai_17
FINANCIAL INSTRUMENTS (Details 18) | 12 Months Ended |
Dec. 31, 2022 | |
Standard Poor [Member] | Local bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | 0 |
Standard Poor [Member] | Foreign bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | BBB- |
Fitch [Member] | Local bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | AA |
Fitch [Member] | Foreign bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | BBB |
Moody's [Member] | Local bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | 0 |
Moody's [Member] | Foreign bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | Baa3 |
Feller [Member] | Local bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | AA |
Feller [Member] | Foreign bonds [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Disclosure of credit rating | 0 |
FINANCIAL INSTRUMENTS (Detai_18
FINANCIAL INSTRUMENTS (Details 19) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure Of Financials Instruments [Line items] | ||||
Equity | $ 8,259,984 | $ 7,818,504 | $ 7,415,635 | $ 7,369,415 |
Bank borrowings | 940,677 | 991,956 | ||
Financial leasing | 264,224 | 163,304 | ||
Bonds issued | 4,513,459 | 4,426,033 | ||
Capitalization | $ 13,978,344 | $ 13,399,797 |
FINANCIAL INSTRUMENTS (Detai_19
FINANCIAL INSTRUMENTS (Details 20) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Trade receivables | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | $ 731,649 | $ 826,750 |
Trade receivables | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 736,158 | 832,612 |
Trade receivables | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 4,509 | 5,862 |
Lease receivable | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 5,067 | 27 |
Lease receivable | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 5,067 | 27 |
Lease receivable | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 0 | 0 |
Sundry debtors | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 4,451 | 21,646 |
Sundry debtors | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 4,866 | 21,732 |
Sundry debtors | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 415 | 86 |
Other receivables | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 54,525 | 46,394 |
Other receivables | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 55,687 | 47,198 |
Prepayments | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 82,316 | 85,106 |
Prepayments | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 82,316 | 85,106 |
Net subtotal | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 878,008 | 979,923 |
Net subtotal | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 884,094 | 986,675 |
Net subtotal | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 6,086 | 6,752 |
Provision for doubtful other receivables | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 1,162 | 804 |
Trade receivables | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 36 | 34 |
Trade receivables | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 1,910 | 2,074 |
Trade receivables | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 1,874 | 2,040 |
Lease receivable | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 23,868 | 0 |
Lease receivable | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 23,868 | 0 |
Lease receivable | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 0 | 0 |
Sundry Debtors | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 4,460 | 10,896 |
Sundry Debtors | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 4,460 | 10,896 |
Sundry Debtors | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 0 | 0 |
Other receivables | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 2,448 | 2,137 |
Other receivables | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 2,448 | 2,137 |
Prepayments | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 1,862 | 1,271 |
Prepayments | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 1,862 | 1,271 |
Net Subtotal | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 32,674 | 14,338 |
Net Subtotal | Gross carrying amount [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 34,548 | 16,378 |
Net Subtotal | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | 1,874 | 2,040 |
Provision for doubtful other receivables | Accumulated impairment [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Credit exposure | $ 0 | $ 0 |
FINANCIAL INSTRUMENTS (Detai_20
FINANCIAL INSTRUMENTS (Details 21) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 USD ($) bbl | Dec. 31, 2021 USD ($) bbl | |
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 2,487 | 2,690 |
Trade receivables | $ | $ 738,068 | $ 834,686 |
Percentage of trade receivables | 100% | 100% |
Below one month [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 690 | 676 |
Trade receivables | $ | $ 28,708 | $ 36,011 |
Percentage of trade receivables | 3.89% | 4.31% |
Later than one month and not later than two months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 69 | 100 |
Trade receivables | $ | $ 1,941 | $ 965 |
Percentage of trade receivables | 0.26% | 0.12% |
Later than two months and not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 43 | 53 |
Trade receivables | $ | $ 474 | $ 361 |
Percentage of trade receivables | 0.06% | 0.04% |
Later than three months and not later than four months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 37 | 30 |
Trade receivables | $ | $ 352 | $ 87 |
Percentage of trade receivables | 0.05% | 0.01% |
Later than four months and not later than five months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 25 | 49 |
Trade receivables | $ | $ 133 | $ 13 |
Percentage of trade receivables | 0.02% | 0% |
Later than five months and not later than six months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 18 | 2 |
Trade receivables | $ | $ 87 | $ 1 |
Percentage of trade receivables | 0.01% | 0% |
Later than six months and not later than seven months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 27 | 2 |
Trade receivables | $ | $ 94 | $ 2 |
Percentage of trade receivables | 0.01% | 0% |
Later than seven months and not later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 16 | 1 |
Trade receivables | $ | $ 67 | $ 1 |
Percentage of trade receivables | 0.01% | 0% |
Later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 62 | 67 |
Trade receivables | $ | $ 5,521 | $ 5,516 |
Percentage of trade receivables | 0.75% | 0.67% |
Financial assets neither past due nor impaired [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
N° Debtor | bbl | 1,500 | 1,710 |
Trade receivables | $ | $ 700,691 | $ 791,729 |
Percentage of trade receivables | 94.94% | 94.85% |
FINANCIAL INSTRUMENTS (Detai_21
FINANCIAL INSTRUMENTS (Details 22) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 738,068 | $ 834,686 |
Allowance account for credit losses of financial assets | 6,383 | 7,902 |
Below one month [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 28,708 | 36,011 |
Allowance account for credit losses of financial assets | 0 | 0 |
Later than one month and not later than two months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 1,941 | 965 |
Allowance account for credit losses of financial assets | 60 | 23 |
Later than two months and not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 474 | 361 |
Allowance account for credit losses of financial assets | 51 | 37 |
Later than three months and not later than four months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 352 | 87 |
Allowance account for credit losses of financial assets | 69 | 9 |
Later than four months and not later than five months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 133 | 13 |
Allowance account for credit losses of financial assets | 28 | 1 |
Later than five months and not later than six months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 87 | 1 |
Allowance account for credit losses of financial assets | 9 | 0 |
Later than six months and not later than seven months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 94 | 2 |
Allowance account for credit losses of financial assets | 94 | 2 |
Later than seven months and not later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 67 | 1 |
Allowance account for credit losses of financial assets | 41 | 1 |
Later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 5,521 | 5,516 |
Allowance account for credit losses of financial assets | 4,487 | 5,516 |
Financial assets neither past due nor impaired [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 700,691 | 791,729 |
Allowance account for credit losses of financial assets | 1,545 | 2,313 |
Letter of credits [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 336,987 | 375,804 |
Allowance account for credit losses of financial assets | 0 | 0 |
Letter of credits [Member] | Below one month [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 1,080 | 3,076 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than one month and not later than two months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 10 | $ 41 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than two months and not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than three months and not later than four months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than four months and not later than five months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than five months and not later than six months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than six months and not later than seven months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than seven months and not later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Letter of credits [Member] | Financial assets neither past due nor impaired [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 335,897 | $ 372,687 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Credit Line [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 396,553 | $ 444,671 |
Allowance account for credit losses of financial assets | 4,314 | 7,755 |
Credit Line [Member] | Below one month [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 26,888 | 29,705 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Credit Line [Member] | Later than one month and not later than two months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 1,791 | $ 686 |
Allowance account for credit losses of financial assets | $ 59 | $ 21 |
Expected credit loss rate | 3.27% | 3.06% |
Credit Line [Member] | Later than two months and not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 300 | $ 50 |
Allowance account for credit losses of financial assets | $ 34 | $ 5 |
Expected credit loss rate | 11.22% | 10% |
Credit Line [Member] | Later than three months and not later than four months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 299 | $ 87 |
Allowance account for credit losses of financial assets | $ 38 | $ 9 |
Expected credit loss rate | 12.74% | 10.34% |
Credit Line [Member] | Later than four months and not later than five months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 100 | $ 13 |
Allowance account for credit losses of financial assets | $ 10 | $ 1 |
Expected credit loss rate | 9.52% | 7.69% |
Credit Line [Member] | Later than five months and not later than six months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 87 | $ 1 |
Allowance account for credit losses of financial assets | $ 9 | $ 0 |
Expected credit loss rate | 9.82% | 0% |
Credit Line [Member] | Later than six months and not later than seven months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 94 | $ 0 |
Allowance account for credit losses of financial assets | $ 93 | $ 0 |
Expected credit loss rate | 99.08% | 0% |
Credit Line [Member] | Later than seven months and not later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 67 | $ 0 |
Allowance account for credit losses of financial assets | $ 41 | $ 0 |
Expected credit loss rate | 60.88% | 0% |
Credit Line [Member] | Later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 3,505 | $ 5,406 |
Allowance account for credit losses of financial assets | $ 2,487 | $ 5,406 |
Expected credit loss rate | 70.95% | 100% |
Credit Line [Member] | Financial assets neither past due nor impaired [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 363,423 | $ 408,723 |
Allowance account for credit losses of financial assets | $ 1,545 | $ 2,313 |
Expected credit loss rate | 0.43% | 0.57% |
Others [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 4,528 | $ 14,211 |
Allowance account for credit losses of financial assets | 2,069 | 147 |
Others [Member] | Below one month [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | 740 | 3,230 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Others [Member] | Later than one month and not later than two months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 140 | $ 238 |
Allowance account for credit losses of financial assets | $ 1 | $ 2 |
Expected credit loss rate | 0.85% | 0.84% |
Others [Member] | Later than two months and not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 174 | $ 311 |
Allowance account for credit losses of financial assets | $ 17 | $ 32 |
Expected credit loss rate | 9.94% | 10.29% |
Others [Member] | Later than three months and not later than four months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 53 | $ 0 |
Allowance account for credit losses of financial assets | $ 31 | $ 0 |
Expected credit loss rate | 57.52% | 0% |
Others [Member] | Later than four months and not later than five months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 33 | $ 0 |
Allowance account for credit losses of financial assets | $ 19 | $ 0 |
Expected credit loss rate | 55.92% | 0% |
Others [Member] | Later than five months and not later than six months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 0 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
Others [Member] | Later than six months and not later than seven months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 1 | $ 2 |
Allowance account for credit losses of financial assets | $ 1 | $ 2 |
Expected credit loss rate | 96.35% | 100% |
Others [Member] | Later than seven months and not later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 0 | $ 1 |
Allowance account for credit losses of financial assets | $ 0 | $ 1 |
Expected credit loss rate | 0% | 100% |
Others [Member] | Later than eight months [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 2,016 | $ 110 |
Allowance account for credit losses of financial assets | $ 2,000 | $ 110 |
Expected credit loss rate | 99.25% | 100% |
Others [Member] | Financial assets neither past due nor impaired [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 1,371 | $ 10,319 |
Allowance account for credit losses of financial assets | $ 0 | $ 0 |
Expected credit loss rate | 0% | 0% |
FINANCIAL INSTRUMENTS (Detai_22
FINANCIAL INSTRUMENTS (Details 23) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Financials Instruments [Line items] | |||
Allowance account for credit losses of financial assets | $ (7,902) | ||
Allowance account for credit losses of financial assets | (6,383) | $ (7,902) | |
In accordance with IFRS 9 [member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Allowance account for credit losses of financial assets | (8,792) | (8,000) | $ (16,368) |
Increase in allowance for trade receivables recognised in profit or loss during the year | 1,097 | 2,229 | 1,369 |
Receivables written off during the year as uncollectible | (321) | (216) | (6,970) |
Unused amount reversed | (1,608) | (1,221) | (2,767) |
Allowance account for credit losses of financial assets | $ (7,960) | $ (8,792) | $ (8,000) |
FINANCIAL INSTRUMENTS (Detai_23
FINANCIAL INSTRUMENTS (Details 24) $ in Thousands | Dec. 31, 2022 USD ($) |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 107,336 |
Proportion of guarantee | 100% |
Certificate of deposits [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 6,665 |
Proportion of guarantee | 6.20% |
Standby [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 19,489 |
Proportion of guarantee | 18.20% |
Promissory notes one [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 72,975 |
Proportion of guarantee | 68% |
Financial guarantee contracts [member] | |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 3,046 |
Proportion of guarantee | 2.80% |
Mortgages [member] | |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 1,433 |
Proportion of guarantee | 1.30% |
Pledges [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 632 |
Proportion of guarantee | 0.60% |
Loan agreement [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Provision of guarantees, Debtors | $ 3,097 |
Proportion of guarantee | 2.90% |
FINANCIAL INSTRUMENTS (Detai_24
FINANCIAL INSTRUMENTS (Details 25) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 738,068 | $ 834,686 |
Percentage of trade receivables | 100% | 100% |
Open account customers [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 441,034 | |
Percentage of trade receivables | 100% | |
Secured receivables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 435,794 | |
Percentage of trade receivables | 98.81% | |
Unsecured receivables [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade receivables | $ 5,240 | |
Percentage of trade receivables | 1.19% |
FINANCIAL INSTRUMENTS (Detai_25
FINANCIAL INSTRUMENTS (Details 26) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | $ 827,118 | $ 741,034 |
Trade and other non-current payables | $ 26,847 | 2,272 |
Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of subsidiary | Eufores S.A. | |
Short-term Debt | $ 302,009 | 266,510 |
Non-current portion of non-current borrowings | 697,509 | 817,696 |
Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Current bonds issued and current portion of non-current bonds issued | 239,551 | 232,745 |
Non-current portion of non-current bonds issued | 7,024,006 | 7,110,903 |
Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other current payables | 46,174 | 54,730 |
Trade and other non-current payables | $ 295,147 | $ 134,965 |
Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 85.805.200-9 | 85.805.200-9 |
Name of subsidiary | Forestal Arauco S.A. | Forestal Arauco S.A. |
Name of the Country Bonds | U.F. | |
Description of functional currency | U.F. | |
Trade and other payables, undiscounted cash flows | $ 1,060 | |
Trade and other current payables | $ 1,416 | |
Trade and other non-current payables | $ 1,276 | $ 2,089 |
Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 85.805.200-9 | 85.805.200-9 |
Name of subsidiary | Forestal Arauco S.A. | Forestal Arauco S.A. |
Name of the Country Bonds | U.F. | U.S. dollars |
Trade and other current payables | $ 282 | $ 240 |
Trade and other non-current payables | $ 5,782 | $ 1,440 |
Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 85.805.200-9 | 85.805.200-9 |
Name of subsidiary | Forestal Arauco S.A. | Forestal Arauco S.A. |
Name of the Country Bonds | U.S. dollar | |
Description of functional currency | U.F. | |
Trade and other current payables | $ 240 | $ 1,183 |
Trade and other non-current payables | $ 1,200 | $ 0 |
Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 85.805.200-9 | 85.805.200-9 |
Name of subsidiary | Forestal Arauco S.A. | Forestal Arauco S.A. |
Name of the Country Bonds | U.F. | Chilean pesos |
Trade and other current payables | $ 242 | $ 128 |
Trade and other non-current payables | $ 0 | $ 64 |
Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 85.805.200-9 | 85.805.200-9 |
Name of subsidiary | Forestal Arauco S.A. | Forestal Arauco S.A. |
Name of the Country Bonds | U.F. | U.F. |
Trade and other current payables | $ 385 | $ 3,227 |
Trade and other non-current payables | $ 1,117 | $ 1,370 |
Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 85.805.200-9 | 85.805.200-9 |
Name of subsidiary | Forestal Arauco S.A. | Forestal Arauco S.A. |
Name of the Country Bonds | Chilean pesos | Chilean pesos |
Trade and other current payables | $ 266 | $ 223 |
Trade and other non-current payables | $ 594 | $ 725 |
Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Argentina S.A. | Arauco Argentina S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 461 | $ 99 |
Trade and other non-current payables | $ 498 | $ 0 |
Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Argentina S.A. | Arauco Argentina S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 16 | $ 35 |
Trade and other non-current payables | $ 0 | $ 0 |
Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Argentina S.A. | Arauco Argentina S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 1,003 | $ 1,387 |
Trade and other non-current payables | $ 668 | $ 1,670 |
Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Argentina S.A. | Arauco Argentina S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 1,590 | $ 1,805 |
Trade and other non-current payables | $ 750 | $ 2,339 |
Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Florestal Novo Oeste | Arauco Industria de Paineis S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 8 | $ 7 |
Trade and other non-current payables | $ 0 | $ 0 |
Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Florestal Novo Oeste | Arauco Industria de Paineis S.A. |
Name of the Country Bonds | Brazilian real | |
Description of functional currency | Brazilian real | |
Trade and other current payables | $ 4 | $ 36 |
Trade and other non-current payables | $ 0 | $ 24 |
Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Industria de Paineis S.A. | Arauco Industria de Paineis S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 25 | $ 37 |
Trade and other non-current payables | $ 0 | $ 1 |
Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Industria de Paineis S.A. | Arauco Industria de Paineis S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 17 | $ 164 |
Trade and other non-current payables | $ 27 | $ 0 |
Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Industria de Paineis S.A. | Arauco Forest Brasil S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 40 | $ 15 |
Trade and other non-current payables | $ 9 | $ 1 |
Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Forest Brasil S.A. | Arauco Forest Brasil S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 1 | $ 4,151 |
Trade and other non-current payables | $ 0 | $ 19,364 |
Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Forest Brasil S.A. | Arauco Florestal Arapoti S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 4,854 | $ 5 |
Trade and other non-current payables | $ 17,912 | $ 0 |
Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Forest Brasil S.A. | Arauco do Brasil S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 552 | $ 248 |
Trade and other non-current payables | $ 131 | $ 192 |
Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Florestal Arapoti S.A. | Arauco do Brasil S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 181 | $ 96 |
Trade and other non-current payables | $ 24 | $ 44 |
Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco do Brasil S.A. | Arauco do Brasil S.A. |
Name of the Country Bonds | Brazilian real | Brazilian real |
Trade and other current payables | $ 209 | $ 315 |
Trade and other non-current payables | $ 52 | $ 0 |
Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 93.458.000-1 |
Name of subsidiary | Arauco do Brasil S.A. | Celulosa Arauco y Constitucion S.A. |
Name of the Country Bonds | Brazilian real | U.F. |
Trade and other current payables | $ 74 | $ 1,528 |
Trade and other non-current payables | $ 14 | $ 9,108 |
Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 93.458.000-1 |
Name of subsidiary | Arauco do Brasil S.A. | Celulosa Arauco y Constitucion S.A. |
Name of the Country Bonds | Brazilian real | U.F. |
Trade and other current payables | $ 38 | $ 541 |
Trade and other non-current payables | $ 2 | $ 510 |
Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 93.458.000-1 |
Name of subsidiary | Arauco Celulose do Brasil S.A. | Celulosa Arauco y Constitucion S.A. |
Name of the Country Bonds | Brazilian real | Chilean pesos |
Trade and other current payables | $ 4,411 | $ 61 |
Trade and other non-current payables | $ 61,380 | $ 15 |
Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 93.458.000-1 |
Name of subsidiary | Mahal Empreendimentos e Participações S.A. | Celulosa Arauco y Constitucion S.A. |
Name of the Country Bonds | Brazilian real | |
Description of functional currency | Chilean pesos | |
Trade and other current payables | $ 755 | $ 17,019 |
Trade and other non-current payables | $ 492 | $ 5,896 |
Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 93.458.000-1 |
Name of subsidiary | Mahal Empreendimentos e Participações S.A. | Celulosa Arauco y Constitucion S.A. |
Name of the Country Bonds | Brazilian real | U.S. dollars |
Trade and other current payables | $ 2,381 | $ 31 |
Trade and other non-current payables | $ 33,332 | $ 0 |
Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Mahal Empreendimentos e Participações S.A. | Arauco North America, Inc. |
Name of the Country Bonds | Brazilian real | U.S. dollars |
Trade and other current payables | $ 71 | $ 1,135 |
Trade and other non-current payables | $ 0 | $ 7,080 |
Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 0 |
Name of subsidiary | Celulosa Arauco y Constitucion S.A. | Arauco North America, Inc. |
Name of the Country Bonds | U.F. | U.S. dollars |
Trade and other current payables | $ 1,697 | $ 244 |
Trade and other non-current payables | $ 8,486 | $ 241 |
Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 0 |
Name of subsidiary | Celulosa Arauco y Constitucion S.A. | Arauco Canada Limited |
Name of the Country Bonds | U.F. | Canadian dollars |
Trade and other current payables | $ 313 | $ 9 |
Trade and other non-current payables | $ 257 | $ 0 |
Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 0 |
Name of subsidiary | Celulosa Arauco y Constitucion S.A. | Arauco Canada Limited |
Name of the Country Bonds | Chilean pesos | Canadian dollars |
Trade and other current payables | $ 15 | $ 57 |
Trade and other non-current payables | $ 0 | $ 119 |
Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 0 |
Name of subsidiary | Celulosa Arauco y Constitucion S.A. | Celulosa y Energía Punta Pereira S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 3,997 | $ 593 |
Trade and other non-current payables | $ 76,658 | $ 9,519 |
Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 0 |
Name of subsidiary | Celulosa Arauco y Constitucion S.A. | Eufores S.A. |
Name of the Country Bonds | Chilean pesos | U.S. dollars |
Trade and other current payables | $ 5,819 | $ 4,281 |
Trade and other non-current payables | $ 0 | $ 58,800 |
Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco North America, Inc. | Eufores S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 1,188 | $ 1,223 |
Trade and other non-current payables | $ 4,241 | $ 6,111 |
Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco North America, Inc. | Eufores S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 713 | $ 280 |
Trade and other non-current payables | $ 893 | $ 207 |
Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 96.510.970-6 |
Name of subsidiary | Arauco Canada Limited | Maderas Arauco S.A. |
Name of the Country Bonds | Canadian dollar | Chilean pesos |
Trade and other current payables | $ 27 | $ 10,720 |
Trade and other non-current payables | $ 0 | $ 4,915 |
Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 96.510.970-6 |
Name of subsidiary | Celulosa y Energía Punta Pereira S.A. | Maderas Arauco S.A. |
Name of the Country Bonds | U.S. dollar | U.F. |
Trade and other current payables | $ 958 | $ 309 |
Trade and other non-current payables | $ 10,055 | $ 126 |
Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Eufores S.A. | Arauco Colombia S.A. |
Name of the Country Bonds | U.S. dollar | U.S. dollars |
Trade and other current payables | $ 3,901 | $ 51 |
Trade and other non-current payables | $ 62,400 | $ 0 |
Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Eufores S.A. | Arauco Europe Cooperatief U.A. |
Name of the Country Bonds | U.S. dollar | Euros |
Trade and other current payables | $ 1,223 | $ 21 |
Trade and other non-current payables | $ 4,888 | $ 34 |
Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Eufores S.A. | Arauco Europe Cooperatief U.A. |
Name of the Country Bonds | U.S. dollar | Euros |
Trade and other current payables | $ 158 | $ 93 |
Trade and other non-current payables | $ 49 | $ 143 |
Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 96.510.970-6 | 0 |
Name of subsidiary | Maderas Arauco S.A. | Araucomex S.A. de C.V. |
Name of the Country Bonds | Chilean pesos | Mexican pesos |
Trade and other current payables | $ 4,851 | $ 1,324 |
Trade and other non-current payables | $ 0 | $ 2,210 |
Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 96.510.970-6 | 0 |
Name of subsidiary | Maderas Arauco S.A. | Araucomex S.A. de C.V. |
Name of the Country Bonds | U.F. | U.S. dollars |
Trade and other current payables | $ 105 | $ 111 |
Trade and other non-current payables | $ 37 | $ 97 |
Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Europe Cooperatief U.A. | Arauco Industria de México, S.A. de C.V. |
Name of the Country Bonds | Euros | U.S. dollars |
Trade and other current payables | $ 25 | $ 131 |
Trade and other non-current payables | $ 33 | $ 0 |
Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Europe Cooperatief U.A. | Arauco Industria de México, S.A. de C.V. |
Name of the Country Bonds | Euros | |
Description of functional currency | Mexican pesos | |
Trade and other current payables | $ 72 | $ 50 |
Trade and other non-current payables | $ 90 | $ 112 |
Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Araucomex S.A. de C.V. | Arauco Industria de México, S.A. de C.V. |
Name of the Country Bonds | Mexican pesos | Mexican pesos |
Trade and other current payables | $ 1,582 | $ 4 |
Trade and other non-current payables | $ 1,620 | $ 8 |
Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Araucomex S.A. de C.V. | Araucomex Servicios S.A. de C.V. |
Name of the Country Bonds | U.S. dollar | Mexican pesos |
Trade and other current payables | $ 97 | $ 0 |
Trade and other non-current payables | $ 0 | $ 54 |
Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Arauco Industria de México, S.A. de C.V. | Araucomex Servicios S.A. de C.V. |
Name of the Country Bonds | Mexican pesos | |
Description of functional currency | Mexican pesos | |
Trade and other current payables | $ 70 | $ 1 |
Trade and other non-current payables | $ 113 | $ 298 |
Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 96.637.330-K |
Name of subsidiary | Arauco Industria de México, S.A. de C.V. | Servicios Logisticos Arauco S.A. |
Name of the Country Bonds | U.S. dollar | U.F. |
Trade and other current payables | $ 105 | $ 63 |
Trade and other non-current payables | $ 0 | $ 15 |
Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 79.990.550-7 |
Name of subsidiary | Arauco Industria de México, S.A. de C.V. | Investigaciones Forestales Bioforest S.A. |
Name of the Country Bonds | Mexican pesos | U.F. |
Trade and other current payables | $ 22 | $ 33 |
Trade and other non-current payables | $ 0 | $ 24 |
Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Arauco Industria de México, S.A. de C.V. | |
Name of the Country Bonds | Mexican pesos | |
Trade and other current payables | $ 4 | |
Trade and other non-current payables | $ 5 | |
Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Arauco Industria de México, S.A. de C.V. | |
Description of functional currency | Mexican pesos | |
Trade and other current payables | $ 6 | |
Trade and other non-current payables | $ 11 | |
Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Araucomex Servicios S.A. de C.V. | |
Name of the Country Bonds | Mexican pesos | |
Trade and other current payables | $ 23 | |
Trade and other non-current payables | $ 46 | |
Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 96.637.330-K | |
Name of subsidiary | Servicios Logisticos Arauco S.A. | |
Name of the Country Bonds | U.F. | |
Trade and other current payables | $ 16 | |
Trade and other non-current payables | $ 0 | |
Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 79.990.550-7 | |
Name of subsidiary | Investigaciones Forestales Bioforest S.A. | |
Name of the Country Bonds | U.F. | |
Trade and other current payables | $ 21 | |
Trade and other non-current payables | $ 5 | |
Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | Euros | Euros |
Short-term Debt | $ 71,000 | $ 74,577 |
Non-current portion of non-current borrowings | $ 390,298 | $ 501,436 |
Borrowings, interest rate | 1.10% | 1.10% |
Borrowings, Nominal interest rate | 1.06% | 1.06% |
Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 0 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Zona Franca Punta Pereira S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 60,259 | $ 2,167 |
Non-current portion of non-current borrowings | $ 0 | $ 2,121 |
Borrowings, interest rate | 5.17% | 2.20% |
Borrowings, Nominal interest rate | 5.17% | 2.05% |
Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Zona Franca Punta Pereira S.A. | Zona Franca Punta Pereira S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 2,212 | $ 18,340 |
Non-current portion of non-current borrowings | $ 0 | $ 0 |
Borrowings, interest rate | 5.89% | 1% |
Borrowings, Nominal interest rate | 2.05% | 1% |
Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Zona Franca Punta Pereira S.A. | Celulosa y Energia Punta Pereira S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 5,122 | $ 8,765 |
Non-current portion of non-current borrowings | $ 0 | $ 8,579 |
Borrowings, interest rate | 4.95% | 2.20% |
Borrowings, Nominal interest rate | 4.95% | 2.05% |
Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Celulosa y Energia Punta Pereira S.A. | Celulosa y Energia Punta Pereira S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 8,812 | $ 49,269 |
Non-current portion of non-current borrowings | $ 0 | $ 24,065 |
Borrowings, interest rate | 5.89% | 3.20% |
Borrowings, Nominal interest rate | 2.05% | 3.20% |
Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Celulosa y Energia Punta Pereira S.A. | Celulosa y Energia Punta Pereira S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 24,459 | $ 238 |
Non-current portion of non-current borrowings | $ 0 | $ 102 |
Borrowings, interest rate | 3.20% | 0% |
Borrowings, Nominal interest rate | 3.20% | 0% |
Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Eufores S.A. | |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 27,688 | $ 26,532 |
Non-current portion of non-current borrowings | $ 0 | $ 0 |
Borrowings, interest rate | 1.40% | 1.40% |
Borrowings, Nominal interest rate | 1.40% | 1.40% |
Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Stora Enso Uruguay S.A. | Stora Enso Uruguay S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 2,517 | $ 554 |
Non-current portion of non-current borrowings | $ 0 | $ 0 |
Borrowings, interest rate | 1.40% | 1.40% |
Borrowings, Nominal interest rate | 1.40% | 1.40% |
Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Zona Franca Punta Pereira S.A. | Eufores S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 7,551 | $ 2,512 |
Non-current portion of non-current borrowings | $ 0 | $ 0 |
Borrowings, interest rate | 1.40% | 1% |
Borrowings, Nominal interest rate | 1.40% | 1% |
Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Eufores S.A. | Eufores S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 15,382 | $ 12,562 |
Non-current portion of non-current borrowings | $ 0 | $ 0 |
Borrowings, interest rate | 5.17% | 1% |
Borrowings, Nominal interest rate | 5.165% | 1% |
Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Eufores S.A. | Eufores S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Short-term Debt | $ 21,382 | $ 5,025 |
Non-current portion of non-current borrowings | $ 0 | $ 0 |
Borrowings, interest rate | 5.12% | 1% |
Borrowings, Nominal interest rate | 5.12% | 1% |
Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco Forest Brasil S.A. | Eufores S.A. |
Description of functional currency | Brazilian real | U.S. dollars |
Short-term Debt | $ 5,656 | $ 27,135 |
Non-current portion of non-current borrowings | $ 53,844 | $ 0 |
Borrowings, interest rate | 15.30% | 1% |
Borrowings, Nominal interest rate | 1.65% | 1% |
Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Mahal Empreendimentos e Participações S.A. | Arauco Florestal Arapoti S.A. |
Description of functional currency | Brazilian real | Brazilian real |
Short-term Debt | $ 4,209 | $ 226 |
Non-current portion of non-current borrowings | $ 36,120 | $ 0 |
Borrowings, interest rate | 15.20% | 5% |
Borrowings, Nominal interest rate | 1.55% | 5% |
Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | 0 |
Name of subsidiary | Arauco North America, Inc. | Arauco Forest Brasil S.A. |
Description of functional currency | U.S. dollar | Brazilian real |
Short-term Debt | $ 45,760 | $ 201 |
Non-current portion of non-current borrowings | $ 217,247 | $ 0 |
Borrowings, interest rate | 4.23% | 5% |
Borrowings, Nominal interest rate | 1.65% | 5% |
Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Arauco Forest Brasil S.A. | |
Description of functional currency | Brazilian real | |
Short-term Debt | $ 94 | |
Non-current portion of non-current borrowings | $ 0 | |
Borrowings, interest rate | 8.23% | |
Borrowings, Nominal interest rate | 2.91% | |
Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Arauco Forest Brasil S.A. | |
Description of functional currency | Brazilian real | |
Short-term Debt | $ 56 | |
Non-current portion of non-current borrowings | $ 0 | |
Borrowings, interest rate | 9.23% | |
Borrowings, Nominal interest rate | 3.91% | |
Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Arauco Forest Brasil S.A. | |
Description of functional currency | U.S. dollars | |
Short-term Debt | $ 124 | |
Non-current portion of non-current borrowings | $ 0 | |
Borrowings, interest rate | 5.72% | |
Borrowings, Nominal interest rate | 2.91% | |
Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Arauco Forest Brasil S.A. | |
Description of functional currency | Brazilian real | |
Short-term Debt | $ 64 | |
Non-current portion of non-current borrowings | $ 0 | |
Borrowings, interest rate | 10.43% | |
Borrowings, Nominal interest rate | 5.11% | |
Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 0 | |
Name of subsidiary | Mahal Emprendimientos e participações S.A. | |
Description of functional currency | Brazilian real | |
Short-term Debt | $ 2,776 | |
Non-current portion of non-current borrowings | $ 34,582 | |
Borrowings, interest rate | 10.70% | |
Borrowings, Nominal interest rate | 1.55% | |
Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Name of subsidiary | Arauco North America, Inc. | |
Description of functional currency | U.S. dollars | |
Short-term Debt | $ 35,293 | |
Non-current portion of non-current borrowings | $ 246,811 | |
Borrowings, interest rate | 1.99% | |
Borrowings, Nominal interest rate | 1.65% | |
Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.F. | U.F. |
Borrowings, interest rate | 4.25% | 4.25% |
Borrowings, Nominal interest rate | 4.25% | 4.25% |
Current bonds issued and current portion of non-current bonds issued | $ 23,934 | $ 22,113 |
Non-current portion of non-current bonds issued | $ 127,135 | $ 135,153 |
Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.F. | U.F. |
Borrowings, interest rate | 4.24% | 4.25% |
Borrowings, Nominal interest rate | 4.25% | 4.25% |
Current bonds issued and current portion of non-current bonds issued | $ 9,573 | $ 8,845 |
Non-current portion of non-current bonds issued | $ 50,855 | $ 54,062 |
Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.F. | U.F. |
Borrowings, interest rate | 3.95% | 4% |
Borrowings, Nominal interest rate | 4% | 4% |
Current bonds issued and current portion of non-current bonds issued | $ 25,840 | $ 23,778 |
Non-current portion of non-current bonds issued | $ 199,337 | $ 201,453 |
Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.F. | U.F. |
Borrowings, interest rate | 3.56% | 3.60% |
Borrowings, Nominal interest rate | 3.60% | 3.60% |
Current bonds issued and current portion of non-current bonds issued | $ 7,317 | $ 6,546 |
Non-current portion of non-current bonds issued | $ 289,199 | $ 265,274 |
Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.F. | U.F. |
Borrowings, interest rate | 2.43% | 2.40% |
Borrowings, Nominal interest rate | 2.40% | 2.40% |
Current bonds issued and current portion of non-current bonds issued | $ 4,892 | $ 4,377 |
Non-current portion of non-current bonds issued | $ 219,731 | $ 200,958 |
Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.F. | U.F. |
Borrowings, interest rate | 2.11% | 2.10% |
Borrowings, Nominal interest rate | 2.10% | 2.10% |
Current bonds issued and current portion of non-current bonds issued | $ 2,570 | $ 2,299 |
Non-current portion of non-current bonds issued | $ 135,883 | $ 123,865 |
Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.F. | U.F. |
Borrowings, interest rate | 2.68% | 2.70% |
Borrowings, Nominal interest rate | 2.70% | 2.70% |
Current bonds issued and current portion of non-current bonds issued | $ 6,050 | $ 5,412 |
Non-current portion of non-current bonds issued | $ 346,553 | $ 315,450 |
Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Borrowings, interest rate | 4.51% | 4.50% |
Borrowings, Nominal interest rate | 4.50% | 4.50% |
Current bonds issued and current portion of non-current bonds issued | $ 22,500 | $ 22,500 |
Non-current portion of non-current bonds issued | $ 522,500 | $ 545,000 |
Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Borrowings, interest rate | 3.89% | 3.88% |
Borrowings, Nominal interest rate | 3.88% | 3.88% |
Current bonds issued and current portion of non-current bonds issued | $ 19,375 | $ 19,375 |
Non-current portion of non-current bonds issued | $ 567,813 | $ 587,188 |
Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Borrowings, interest rate | 5.50% | 5.50% |
Borrowings, Nominal interest rate | 5.50% | 5.50% |
Current bonds issued and current portion of non-current bonds issued | $ 22,000 | $ 22,000 |
Non-current portion of non-current bonds issued | $ 928,000 | $ 950,000 |
Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Borrowings, interest rate | 4.26% | 4.25% |
Borrowings, Nominal interest rate | 4.25% | 4.25% |
Current bonds issued and current portion of non-current bonds issued | $ 21,250 | $ 21,250 |
Non-current portion of non-current bonds issued | $ 616,875 | $ 638,125 |
Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Borrowings, interest rate | 5.50% | 5.50% |
Borrowings, Nominal interest rate | 5.50% | 5.50% |
Current bonds issued and current portion of non-current bonds issued | $ 27,500 | $ 27,500 |
Non-current portion of non-current bonds issued | $ 1,201,250 | $ 1,228,750 |
Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Borrowings, interest rate | 4.20% | 4.20% |
Borrowings, Nominal interest rate | 4.20% | 4.20% |
Current bonds issued and current portion of non-current bonds issued | $ 21,000 | $ 21,000 |
Non-current portion of non-current bonds issued | $ 636,500 | $ 657,500 |
Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Subsidiary Tax ID | 93.458.000-1 | 93.458.000-1 |
Name of subsidiary | Celulosa Arauco y Constitución S.A. | Celulosa Arauco y Constitución S.A. |
Description of functional currency | U.S. dollar | U.S. dollars |
Borrowings, interest rate | 5.16% | 5.15% |
Borrowings, Nominal interest rate | 5.15% | 5.15% |
Current bonds issued and current portion of non-current bonds issued | $ 25,750 | $ 25,750 |
Non-current portion of non-current bonds issued | 1,182,375 | 1,208,125 |
Not later than three months [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Short-term Debt | 109,889 | 29,658 |
Trade and other current payables | 809,813 | 731,659 |
Not later than three months [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 93,194 | 30,569 |
Not later than three months [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 34,625 | 34,625 |
Not later than three months [member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 13,193 | 14,654 |
Not later than three months [member] | Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 420 | |
Trade and other payables, undiscounted cash flows | 421 | |
Not later than three months [member] | Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 282 | 60 |
Not later than three months [member] | Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 550 | |
Trade and other payables, undiscounted cash flows | 60 | |
Not later than three months [member] | Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 242 | 32 |
Not later than three months [member] | Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 96 | 1,050 |
Not later than three months [member] | Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 97 | 91 |
Not later than three months [member] | Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 116 | 51 |
Not later than three months [member] | Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 6 | 13 |
Not later than three months [member] | Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 251 | 347 |
Not later than three months [member] | Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 429 | 519 |
Not later than three months [member] | Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 5 | 3 |
Not later than three months [member] | Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 9 | |
Trade and other payables, undiscounted cash flows | 1 | |
Not later than three months [member] | Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 9 | 13 |
Not later than three months [member] | Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 5 | 110 |
Not later than three months [member] | Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 10 | 5 |
Not later than three months [member] | Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1 | 1,038 |
Not later than three months [member] | Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,569 | 2 |
Not later than three months [member] | Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 147 | 49 |
Not later than three months [member] | Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 92 | 23 |
Not later than three months [member] | Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 52 | 94 |
Not later than three months [member] | Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 21 | 389 |
Not later than three months [member] | Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 18 | 146 |
Not later than three months [member] | Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 381 | 15 |
Not later than three months [member] | Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 4,255 | |
Trade and other payables, undiscounted cash flows | 203 | |
Not later than three months [member] | Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 31 |
Not later than three months [member] | Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 18 | 271 |
Not later than three months [member] | Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 424 | 40 |
Not later than three months [member] | Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 139 | 9 |
Not later than three months [member] | Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 15 | 14 |
Not later than three months [member] | Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 999 | 148 |
Not later than three months [member] | Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,866 | 1,070 |
Not later than three months [member] | Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 336 | 306 |
Not later than three months [member] | Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 173 | 70 |
Not later than three months [member] | Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4 | 2,795 |
Not later than three months [member] | Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 239 | 85 |
Not later than three months [member] | Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 975 | 6 |
Not later than three months [member] | Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 306 | 5 |
Not later than three months [member] | Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 70 | 37 |
Not later than three months [member] | Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,400 | 321 |
Not later than three months [member] | Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 63 | 27 |
Not later than three months [member] | Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 7 | 98 |
Not later than three months [member] | Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 11 | |
Trade and other payables, undiscounted cash flows | 18 | |
Not later than three months [member] | Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 456 | 1 |
Not later than three months [member] | Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 29 | 0 |
Not later than three months [member] | Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 17 | |
Not later than three months [member] | Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 79 | 17 |
Not later than three months [member] | Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 13 | 8 |
Not later than three months [member] | Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1 | |
Not later than three months [member] | Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1 | |
Not later than three months [member] | Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 6 | |
Not later than three months [member] | Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 16 | |
Not later than three months [member] | Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 9 | |
Not later than three months [member] | Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 60,259 | 1,089 |
Not later than three months [member] | Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 1,138 | 0 |
Not later than three months [member] | Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 4,406 |
Not later than three months [member] | Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 4,512 | 24,827 |
Not later than three months [member] | Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 24,459 | 136 |
Not later than three months [member] | Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 2,826 | 0 |
Not later than three months [member] | Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 32 | |
Not later than three months [member] | Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 19 | |
Not later than three months [member] | Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 38 | |
Not later than three months [member] | Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 22 | |
Not later than three months [member] | Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Not later than three months [member] | Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Not later than three months [member] | Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 11,250 | 11,250 |
Not later than three months [member] | Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Not later than three months [member] | Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 10,500 | 10,500 |
Not later than three months [member] | Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 12,875 | 12,875 |
Later than three months and not later than one year [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Short-term Debt | 167,905 | 219,177 |
Trade and other current payables | 17,305 | 9,375 |
Later than three months and not later than one year [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 208,815 | 235,941 |
Later than three months and not later than one year [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 204,926 | 198,120 |
Later than three months and not later than one year [member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 32,981 | 40,076 |
Later than three months and not later than one year [member] | Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 996 | |
Trade and other payables, undiscounted cash flows | 639 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 180 |
Later than three months and not later than one year [member] | Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 633 | |
Trade and other payables, undiscounted cash flows | 180 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 96 |
Later than three months and not later than one year [member] | Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 289 | 2,177 |
Later than three months and not later than one year [member] | Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 169 | 132 |
Later than three months and not later than one year [member] | Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 345 | 48 |
Later than three months and not later than one year [member] | Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 10 | 22 |
Later than three months and not later than one year [member] | Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 752 | 1,040 |
Later than three months and not later than one year [member] | Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,161 | 1,286 |
Later than three months and not later than one year [member] | Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 3 | 4 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 27 | |
Trade and other payables, undiscounted cash flows | 3 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 16 | 24 |
Later than three months and not later than one year [member] | Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 12 | 54 |
Later than three months and not later than one year [member] | Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 30 | 10 |
Later than three months and not later than one year [member] | Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 3,113 |
Later than three months and not later than one year [member] | Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 3,285 | 3 |
Later than three months and not later than one year [member] | Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 405 | 199 |
Later than three months and not later than one year [member] | Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 89 | 73 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 157 | 221 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 53 | 1,139 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 20 | 395 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,030 | 46 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 12,764 | |
Trade and other payables, undiscounted cash flows | 552 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,381 | 0 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 53 | 864 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,273 | 204 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 174 | 0 |
Later than three months and not later than one year [member] | Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 43 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,998 | 445 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,953 | 3,211 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 852 | 917 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 540 | 210 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 23 | 7,925 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 719 | 224 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,926 | 45 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 917 | 16 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 88 | 56 |
Later than three months and not later than one year [member] | Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 3,451 | 1,003 |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 42 | 84 |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 18 | 33 |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 39 | |
Trade and other payables, undiscounted cash flows | 54 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,126 | 3 |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 68 | 0 |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 1 | |
Trade and other payables, undiscounted cash flows | 53 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 26 | 46 |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 9 | 25 |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 3 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 5 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 17 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than three months and not later than one year [member] | Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 12 | |
Later than three months and not later than one year [member] | Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 71,000 | 74,577 |
Later than three months and not later than one year [member] | Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 1,078 |
Later than three months and not later than one year [member] | Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 1,074 | 18,340 |
Later than three months and not later than one year [member] | Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 5,122 | 4,359 |
Later than three months and not later than one year [member] | Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 4,300 | 24,442 |
Later than three months and not later than one year [member] | Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 102 |
Later than three months and not later than one year [member] | Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 27,688 | 26,532 |
Later than three months and not later than one year [member] | Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 2,517 | 554 |
Later than three months and not later than one year [member] | Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 7,551 | 2,512 |
Later than three months and not later than one year [member] | Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 15,382 | 12,562 |
Later than three months and not later than one year [member] | Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 21,382 | 5,025 |
Later than three months and not later than one year [member] | Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 2,830 | 27,135 |
Later than three months and not later than one year [member] | Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 4,209 | 226 |
Later than three months and not later than one year [member] | Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 45,760 | 201 |
Later than three months and not later than one year [member] | Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 62 | |
Later than three months and not later than one year [member] | Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 37 | |
Later than three months and not later than one year [member] | Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 86 | |
Later than three months and not later than one year [member] | Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 42 | |
Later than three months and not later than one year [member] | Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 2,776 | |
Later than three months and not later than one year [member] | Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 35,293 | |
Later than three months and not later than one year [member] | Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 23,934 | 22,113 |
Later than three months and not later than one year [member] | Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 9,573 | 8,845 |
Later than three months and not later than one year [member] | Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 25,840 | 23,778 |
Later than three months and not later than one year [member] | Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 7,317 | 6,546 |
Later than three months and not later than one year [member] | Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 4,892 | 4,377 |
Later than three months and not later than one year [member] | Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 2,570 | 2,299 |
Later than three months and not later than one year [member] | Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 6,050 | 5,412 |
Later than three months and not later than one year [member] | Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 11,250 | 11,250 |
Later than three months and not later than one year [member] | Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 19,375 | 19,375 |
Later than three months and not later than one year [member] | Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 22,000 | 22,000 |
Later than three months and not later than one year [member] | Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,250 | 21,250 |
Later than three months and not later than one year [member] | Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 27,500 | 27,500 |
Later than three months and not later than one year [member] | Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 10,500 | 10,500 |
Later than three months and not later than one year [member] | Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 12,875 | 12,875 |
Later than one year and not later than two years [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 303,039 | 146,195 |
Later than one year and not later than two years [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 737,715 | 231,104 |
Later than one year and not later than two years [member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 33,459 | 32,611 |
Later than one year and not later than two years [member] | Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 948 | |
Trade and other payables, undiscounted cash flows | 571 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 282 | 240 |
Later than one year and not later than two years [member] | Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 240 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 64 |
Later than one year and not later than two years [member] | Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 268 | 371 |
Later than one year and not later than two years [member] | Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 120 | 122 |
Later than one year and not later than two years [member] | Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 460 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 668 | 1,002 |
Later than one year and not later than two years [member] | Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 750 | 1,589 |
Later than one year and not later than two years [member] | Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 24 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1 |
Later than one year and not later than two years [member] | Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 16 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 9 | 1 |
Later than one year and not later than two years [member] | Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 4,149 |
Later than one year and not later than two years [member] | Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,885 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 131 | 143 |
Later than one year and not later than two years [member] | Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 24 | 31 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 52 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 14 | 1,518 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2 | 280 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,058 | 15 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 5,896 | |
Trade and other payables, undiscounted cash flows | 328 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,381 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,194 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,697 | 128 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 142 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 86 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,011 | 593 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 6,321 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,020 | 1,223 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 593 | 158 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 4,915 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 800 | 94 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 6,808 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,222 | 19 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 49 | 77 |
Later than one year and not later than two years [member] | Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,104 |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 28 | 97 |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 19 | 0 |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 50 | |
Trade and other payables, undiscounted cash flows | 72 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,620 | 4 |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 15 |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 105 | |
Trade and other payables, undiscounted cash flows | 76 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 15 |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 19 |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 5 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 7 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 26 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than one year and not later than two years [member] | Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 5 | |
Later than one year and not later than two years [member] | Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 66,743 | 73,840 |
Later than one year and not later than two years [member] | Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 2,121 |
Later than one year and not later than two years [member] | Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 8,579 |
Later than one year and not later than two years [member] | Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 24,065 |
Later than one year and not later than two years [member] | Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 102 |
Later than one year and not later than two years [member] | Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 5,586 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 13,463 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 217,247 | 0 |
Later than one year and not later than two years [member] | Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than one year and not later than two years [member] | Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than one year and not later than two years [member] | Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than one year and not later than two years [member] | Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than one year and not later than two years [member] | Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 2,800 | |
Later than one year and not later than two years [member] | Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 34,688 | |
Later than one year and not later than two years [member] | Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 23,149 | 21,412 |
Later than one year and not later than two years [member] | Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 9,260 | 8,565 |
Later than one year and not later than two years [member] | Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 25,102 | 23,118 |
Later than one year and not later than two years [member] | Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 7,317 | 6,546 |
Later than one year and not later than two years [member] | Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 4,892 | 4,377 |
Later than one year and not later than two years [member] | Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 2,570 | 2,299 |
Later than one year and not later than two years [member] | Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 6,050 | 5,412 |
Later than one year and not later than two years [member] | Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 522,500 | 22,500 |
Later than one year and not later than two years [member] | Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 19,375 | 19,375 |
Later than one year and not later than two years [member] | Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 22,000 | 22,000 |
Later than one year and not later than two years [member] | Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,250 | 21,250 |
Later than one year and not later than two years [member] | Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 27,500 | 27,500 |
Later than one year and not later than two years [member] | Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,000 | 21,000 |
Later than one year and not later than two years [member] | Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 25,750 | 25,750 |
Later than two years and not later than three years [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 96,052 | 296,792 |
Later than two years and not later than three years [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 213,379 | 729,460 |
Later than two years and not later than three years [member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 28,259 | 19,099 |
Later than two years and not later than three years [member] | Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 511 | |
Trade and other payables, undiscounted cash flows | 433 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 282 | 240 |
Later than two years and not later than three years [member] | Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 240 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 209 | 250 |
Later than two years and not later than three years [member] | Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 120 | 122 |
Later than two years and not later than three years [member] | Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 38 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 668 |
Later than two years and not later than three years [member] | Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 750 |
Later than two years and not later than three years [member] | Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 11 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 4,149 |
Later than two years and not later than three years [member] | Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,885 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 49 |
Later than two years and not later than three years [member] | Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 13 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,518 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 127 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,058 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 164 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,381 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,325 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,697 | 113 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 88 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 33 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,026 | 593 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 5,999 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,131 | 1,223 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 244 | 49 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 641 | 25 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 6,306 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,222 | 12 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 66 |
Later than two years and not later than three years [member] | Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,106 |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 6 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 12 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 54 | |
Trade and other payables, undiscounted cash flows | 18 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 4 |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 16 |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 79 | |
Trade and other payables, undiscounted cash flows | 26 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 5 |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 17 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 66,040 | 73,129 |
Later than two years and not later than three years [member] | Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 17,983 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 12,029 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than two years and not later than three years [member] | Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than two years and not later than three years [member] | Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 11,540 | |
Later than two years and not later than three years [member] | Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 212,123 | |
Later than two years and not later than three years [member] | Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 22,365 | 20,710 |
Later than two years and not later than three years [member] | Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 8,946 | 8,284 |
Later than two years and not later than three years [member] | Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 24,364 | 22,457 |
Later than two years and not later than three years [member] | Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 7,317 | 6,546 |
Later than two years and not later than three years [member] | Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 4,892 | 4,377 |
Later than two years and not later than three years [member] | Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 2,570 | 2,299 |
Later than two years and not later than three years [member] | Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 6,050 | 5,412 |
Later than two years and not later than three years [member] | Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 522,500 |
Later than two years and not later than three years [member] | Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 19,375 | 19,375 |
Later than two years and not later than three years [member] | Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 22,000 | 22,000 |
Later than two years and not later than three years [member] | Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,250 | 21,250 |
Later than two years and not later than three years [member] | Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 27,500 | 27,500 |
Later than two years and not later than three years [member] | Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,000 | 21,000 |
Later than two years and not later than three years [member] | Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 25,750 | 25,750 |
Later than three years and not later than four years [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 92,089 | 82,945 |
Later than three years and not later than four years [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 416,598 | 205,319 |
Later than three years and not later than four years [member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 27,450 | 15,632 |
Later than three years and not later than four years [member] | Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 387 | |
Trade and other payables, undiscounted cash flows | 268 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 282 | 240 |
Later than three years and not later than four years [member] | Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 240 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 640 | 177 |
Later than three years and not later than four years [member] | Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 354 | 122 |
Later than three years and not later than four years [member] | Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 4,149 |
Later than three years and not later than four years [member] | Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,506 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,518 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 79 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,058 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,381 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,468 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,697 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 27 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,040 | 593 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 5,559 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,162 | 1,222 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 52 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 641 | 5 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 5,861 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,222 | 3 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 3 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 8 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 16 |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 86 | |
Trade and other payables, undiscounted cash flows | 11 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 3 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 65,380 | 72,358 |
Later than three years and not later than four years [member] | Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 16,081 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 10,628 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 10,587 | |
Later than three years and not later than four years [member] | Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than three years and not later than four years [member] | Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,581 | 20,009 |
Later than three years and not later than four years [member] | Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 8,633 | 8,004 |
Later than three years and not later than four years [member] | Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 23,625 | 21,797 |
Later than three years and not later than four years [member] | Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 7,317 | 6,546 |
Later than three years and not later than four years [member] | Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 209,947 | 4,377 |
Later than three years and not later than four years [member] | Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 2,570 | 2,299 |
Later than three years and not later than four years [member] | Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 6,050 | 5,412 |
Later than three years and not later than four years [member] | Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Later than three years and not later than four years [member] | Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 19,375 | 19,375 |
Later than three years and not later than four years [member] | Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 22,000 | 22,000 |
Later than three years and not later than four years [member] | Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,250 | 21,250 |
Later than three years and not later than four years [member] | Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 27,500 | 27,500 |
Later than three years and not later than four years [member] | Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,000 | 21,000 |
Later than three years and not later than four years [member] | Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 25,750 | 25,750 |
Later than four years and not later than five years [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 78,905 | 81,286 |
Later than four years and not later than five years [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 695,128 | 387,126 |
Later than four years and not later than five years [member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 15,426 | |
Trade and other payables, undiscounted cash flows | 24,092 | |
Later than four years and not later than five years [member] | Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 239 | |
Trade and other payables, undiscounted cash flows | 4 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 282 | 240 |
Later than four years and not later than five years [member] | Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 240 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 572 |
Later than four years and not later than five years [member] | Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 359 |
Later than four years and not later than five years [member] | Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 4,149 |
Later than four years and not later than five years [member] | Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 3,636 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,518 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 24 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,058 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 2,381 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,318 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,697 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,055 | 593 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 5,155 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 499 | 1,222 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 641 | 2 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 5,373 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,222 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 7 |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 28 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 64,711 | 71,631 |
Later than four years and not later than five years [member] | Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 14,194 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 9,655 | |
Later than four years and not later than five years [member] | Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than four years and not later than five years [member] | Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 20,797 | 19,308 |
Later than four years and not later than five years [member] | Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 8,319 | 7,723 |
Later than four years and not later than five years [member] | Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 22,887 | 21,136 |
Later than four years and not later than five years [member] | Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 7,317 | 6,546 |
Later than four years and not later than five years [member] | Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 187,827 |
Later than four years and not later than five years [member] | Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 2,570 | 2,299 |
Later than four years and not later than five years [member] | Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 6,050 | 5,412 |
Later than four years and not later than five years [member] | Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Later than four years and not later than five years [member] | Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 509,688 | 19,375 |
Later than four years and not later than five years [member] | Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 22,000 | 22,000 |
Later than four years and not later than five years [member] | Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,250 | 21,250 |
Later than four years and not later than five years [member] | Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 27,500 | 27,500 |
Later than four years and not later than five years [member] | Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 21,000 | 21,000 |
Later than four years and not later than five years [member] | Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 25,750 | 25,750 |
Later than five years [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Non-current portion of non-current borrowings | 129,657 | 190,869 |
Trade and other non-current payables | 21,102 | 0 |
Later than five years [member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 127,424 | 210,478 |
Later than five years [member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 4,961,186 | 5,557,894 |
Later than five years [member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 52,197 | |
Trade and other payables, undiscounted cash flows | 181,887 | |
Later than five years [member] | Property Plant And Equipment One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 4 | |
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Property Plant And Equipment Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 4,654 | 480 |
Later than five years [member] | Property Plant And Equipment Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 240 | 0 |
Later than five years [member] | Property Plant And Equipment Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Ten [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Eleven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Property Plant And Equipment Twelve [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Thirteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Fourteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Fifteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Sixteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 2,768 |
Later than five years [member] | Property Plant And Equipment Seventeen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Eighteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Nineteen [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 3,036 |
Later than five years [member] | Property Plant And Equipment Twenty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 45,148 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 23,808 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 1,775 |
Later than five years [member] | Property Plant And Equipment Twenty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 1,698 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Twenty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Thirty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 60,526 | 7,147 |
Later than five years [member] | Property Plant And Equipment Thirty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 35,766 |
Later than five years [member] | Property Plant And Equipment Thirty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 429 | 1,221 |
Later than five years [member] | Property Plant And Equipment Thirty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Thirty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Thirty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 7,332 | 0 |
Later than five years [member] | Property Plant And Equipment Thirty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 38,052 | 0 |
Later than five years [member] | Property Plant And Equipment Thirty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Thirty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Thirty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Property Plant And Equipment Forty Three [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty Four [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty Five [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty Six [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty Seven [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Property Plant And Equipment Forty Eight [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Property Plant And Equipment Forty Nine [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Property Plant And Equipment Fifty [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Property Plant And Equipment Fifty One [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Property Plant And Equipment Fifty Two [Member] | Property, plant and equipment subject to operating leases [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Trade and other payables, undiscounted cash flows | 0 | |
Later than five years [member] | Bank Borrowings One [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 127,424 | 210,478 |
Later than five years [member] | Bank Borrowings Two [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Three [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Four [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Five [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Six [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Seven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Eight [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Nine [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Ten [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Eleven [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Twelve [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Thirteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Fourteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bank Borrowings Fifteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than five years [member] | Bank Borrowings Sixteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than five years [member] | Bank Borrowings Seventeen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than five years [member] | Bank Borrowings Eighteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than five years [member] | Bank Borrowings Nineteen [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than five years [member] | Bank Borrowings Twenty [Member] | Bank Borrowings [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bank borrowings, undiscounted cash flows | 0 | |
Later than five years [member] | Bonds Issued One [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 39,243 | 53,714 |
Later than five years [member] | Bonds Issued Two [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 15,697 | 21,486 |
Later than five years [member] | Bonds Issued Three [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 103,359 | 112,945 |
Later than five years [member] | Bonds Issued Four [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 259,931 | 239,090 |
Later than five years [member] | Bonds Issued Five [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bonds Issued Six [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 125,603 | 114,669 |
Later than five years [member] | Bonds Issued Seven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 322,353 | 293,802 |
Later than five years [member] | Bonds Issued Eight [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 0 |
Later than five years [member] | Bonds Issued Nine [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 0 | 509,688 |
Later than five years [member] | Bonds Issued Ten [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 840,000 | 862,000 |
Later than five years [member] | Bonds Issued Eleven [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 531,875 | 553,125 |
Later than five years [member] | Bonds Issued Twelve [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 1,091,250 | 1,118,750 |
Later than five years [member] | Bonds Issued Thirteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | 552,500 | 573,500 |
Later than five years [member] | Bonds Issued fourteen [Member] | Bonds Issued [Member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Bonds issued, undiscounted cash flows | $ 1,079,375 | $ 1,105,125 |
FINANCIAL INSTRUMENTS (Detai_26
FINANCIAL INSTRUMENTS (Details 27) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Direct guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Financial guarantee granted | $ 19,882 |
Indirect guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Financial guarantee granted | $ 341,291 |
Financial guarantee one [Member] | Direct guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Celulosa Arauco y Constitución S.A. |
Nature of guarantee granted | Guarantee letter |
Description of assets pledged | 0 |
Description of functional currency | Chilean pesos |
Financial guarantee granted | $ 817 |
Name of guarantor | Directorate General of Maritime Territory and Merchant Marine |
Financial guarantee one [Member] | Indirect guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Celulosa Arauco y Constitución S.A. |
Nature of guarantee granted | Suretyship not supportive and cumulative |
Description of assets pledged | 0 |
Description of functional currency | U.S. dollar |
Financial guarantee granted | $ 34,211 |
Name of guarantor | Joint Ventures (Uruguay) |
Financial guarantee two [Member] | Direct guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Celulosa Arauco y Constitución S.A. |
Nature of guarantee granted | Guarantee letter |
Description of assets pledged | 0 |
Description of functional currency | Chilean pesos |
Financial guarantee granted | $ 373 |
Name of guarantor | Railways |
Financial guarantee two [Member] | Indirect guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Celulosa Arauco y Constitución S.A. |
Nature of guarantee granted | Full Guarantee |
Description of assets pledged | 0 |
Description of functional currency | U.S. dollar |
Financial guarantee granted | $ 240,000 |
Name of guarantor | Arauco North America, Inc. |
Financial guarantee three [Member] | Direct guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Celulosa Arauco y Constitución S.A. |
Nature of guarantee granted | Guarantee letter |
Description of assets pledged | 0 |
Description of functional currency | Chilean pesos |
Financial guarantee granted | $ 2,453 |
Name of guarantor | Ministry of Public Works (MOP) |
Financial guarantee three [Member] | Indirect guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Arauco do Brasil S.A. |
Nature of guarantee granted | Endorsement of Arauco Forest Brasil S.A. |
Description of assets pledged | 0 |
Description of functional currency | Brazilian real |
Financial guarantee granted | $ 38,332 |
Name of guarantor | Bank Safra S.A. |
Financial guarantee four [Member] | Direct guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Celulosa Arauco y Constitución S.A. |
Nature of guarantee granted | Guarantee letter |
Description of assets pledged | 0 |
Description of functional currency | Chilean pesos |
Financial guarantee granted | $ 582 |
Name of guarantor | Illustrious municipality of Arauco |
Financial guarantee four [Member] | Indirect guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Arauco do Brasil S.A. |
Nature of guarantee granted | Endorsement of Mahal Empreendimentos e Participações S.A. |
Description of assets pledged | 0 |
Description of functional currency | Brazilian real |
Financial guarantee granted | $ 28,748 |
Name of guarantor | Bank Safra S.A. |
Financial guarantee five [Member] | Direct guarantee [Member] | |
Disclosure Of Financials Instruments [Line items] | |
Name of subsidiary | Celulosa Arauco y Constitución S.A. |
Nature of guarantee granted | Guarantee letter |
Description of assets pledged | 0 |
Description of functional currency | Chilean pesos |
Financial guarantee granted | $ 15,657 |
Name of guarantor | Sociedad Concesionaria Autopista Costa Arauco S.A. |
FINANCIAL INSTRUMENTS (Detai_27
FINANCIAL INSTRUMENTS (Details 28) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 6,649,011 | $ 6,620,915 |
Bonds issued | 4,513,459 | 4,426,033 |
Borrowings | 940,677 | 991,956 |
Other Financial Lease Liabilities | $ 5,718,360 | $ 5,581,293 |
Percentage of entity total interest rate borrowings | 100% | 100% |
Fixed interest rate [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 5,637,820 | $ 5,532,662 |
Bonds issued | 4,513,459 | 4,426,033 |
Borrowings | 860,137 | 943,325 |
Other Financial Lease Liabilities | $ 264,224 | $ 163,304 |
Proportion of fixed interest rate borrowings | 98.60% | 99.10% |
Floating interest rate [member] | ||
Disclosure Of Financials Instruments [Line items] | ||
Financial liabilities | $ 80,540 | $ 48,631 |
Bonds issued | 0 | 0 |
Borrowings | $ 80,540 | $ 48,631 |
Proportion of variable interest rate borrowings | 1.40% | 0.90% |
FINANCIAL INSTRUMENTS (Detai_28
FINANCIAL INSTRUMENTS (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Sep. 29, 2011 | |
Disclosure Of Financials Instruments [Line items] | |||
Allowance account for credit losses of financial assets | $ 6,383 | $ 7,902 | |
Trade receivables | $ 738,068 | 834,686 | |
Percentage of entity's revenue | 2.19% | ||
Provision of guarantees, Debtors | $ 107,336 | ||
Percentage of secured trade receivables | 98.80% | ||
Percentage of unsecured trade receivables | 1.20% | ||
Description of average payable period | As part of the policy of Arauco, it considers compliance with all accounts payable, whether with related (see Note 13) or third parties, within a period not exceeding 30 days. | ||
Pulp [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Percentage of entity's revenue | 42.10% | ||
Currency risk [member] | Chilean Pesos [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Description of changes in exposure to risk | Sensitivity analysis considers a variation of +/- 10% of the exchange rate over the Chilean peso. This fluctuation range is considered possible given current market conditions as of the date of these financial statements. With all other variables at a constant rate, a U.S. dollar exchange rate variation of +/- 10% in relation to the Chilean peso would mean a change in the net income year after tax +/- 0.32% (equivalent to ThU.S.$ -/+ 2,283), and +/- 0.02% of equity (equivalent to ThU.S.$ -/+ 1,370) | ||
Currency risk [member] | Brazilian Real [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Description of changes in exposure to risk | Additionally, a sensitivity analysis is carried out assuming a variation of +/- 10% in the closing exchange rate on the Brazilian Real, which is considered a possible range of fluctuation given the market conditions as of the date of these financial statements. With all the other variables constant, a variation of +/- 10% in the exchange rate of the dollar on the Brazilian Real would mean a variation on the net income after tax +/- 0.81% (equivalent to ThU.S.$-/+$ 5,735) and a change on the equity of +/- 1.30% (equivalent to ThU.S. -/+$ 107,595). | ||
Interest Rate Risk [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Description of changes in exposure to risk | A change of +/- 10% in the interest rate is considered a possible range of fluctuation. Such market conditions would affect the income after tax at rate of +/- 0.17% (equivalent to ThU.S.$-/+ 1,212) and +/- 0.009% (equivalent to ThU.S.$-/+ 727) on equity. | ||
Commodity price risk [member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Description of changes in exposure to risk | Sensitivity analysis considers a variation of +/- 10% in the average pulp price, a possible fluctuation range given current market conditions at the date of the closing balance. With all other variables constant, a variation of +/- 10% in the average pulp price would mean a variation of +/- 28.0% (equivalent to ThU.S.$-/+ 196,856) on the income for the year after tax and +/- 1.4% (equivalent to ThU.S.$ -/+ 118,114) on equity. | ||
Libor Rate [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Percentage of total debt | 4.58% | ||
Derivative Interest Rate Percentage Of LIBOR Rate Based Debt | 99.13% | ||
IDB Facility Agreement [Member] | Uruguayan companies [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Financial guarantee granted | $ 454 | ||
Finnevera Guaranteed Facility Agreement [Member] | Uruguayan companies [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Financial guarantee granted | $ 900 | ||
Direct guarantee [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Financial assets pledged as collateral for liabilities or contingent liabilities | $ 20 | ||
Financial guarantee granted | 19,882 | ||
Indirect guarantee [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Financial assets pledged as collateral for liabilities or contingent liabilities | 341 | ||
Financial guarantee granted | 341,291 | ||
Open account customers [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Trade receivables | $ 441,034 | ||
Percentage of entity's revenue | 53.73% | ||
Letter of credit customers [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Allowance account for credit losses of financial assets | $ 7,960 | $ 8,792 | |
Percentage of entity's revenue | 45.66% | ||
Other type of customers [Member] | |||
Disclosure Of Financials Instruments [Line items] | |||
Percentage of entity's revenue | 0.61% |
REPORTABLE SEGMENTS (Details)
REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | $ 6,997,617 | $ 6,251,442 | $ 4,662,312 |
Revenue from rendering of services | 104,453 | 98,319 | 70,557 |
Revenue | 7,102,070 | 6,349,761 | 4,732,869 |
Revenues from transactions with other operating segments | 0 | 0 | 0 |
Finance income | 72,116 | 33,499 | 29,449 |
Finance costs | (200,366) | (219,982) | (268,179) |
Net finance costs | (128,250) | (186,483) | (238,730) |
Depreciation and amortizations | 507,029 | 489,760 | 516,012 |
Other income | 100,129 | 378,977 | 283,816 |
Other expenses | 373,889 | 192,101 | 182,883 |
Associates | 7,069 | 330 | 4,821 |
Joint ventures | 26,615 | 31,056 | (2,504) |
Income tax expense | (142,121) | (402,914) | (41,848) |
Profit (loss) of each reportable segment | 704,226 | 1,031,599 | 25,305 |
Total Ordinary Income | 7,102,070 | 6,349,761 | 4,732,869 |
Amounts of additions to non-current assets [Abstract] | |||
Acquisition of property, plant and equipment and biological assets | 1,578,202 | 1,542,715 | 1,716,987 |
Acquisition and contribution of investments in associates and joint venture | 9,855 | 61,372 | 19,433 |
Segment assets | 17,180,108 | 16,668,311 | 16,028,319 |
Segments assets (excluding deferred tax assets) | 17,171,097 | 16,660,674 | 16,022,278 |
Deferred tax assets | 9,011 | 7,637 | 6,041 |
Associates | 100,821 | 82,924 | 85,714 |
Joint Ventures | 264,850 | 253,718 | 231,225 |
Segment liabilities | 8,920,124 | 8,849,807 | 8,612,684 |
Segment liabilities (excluding deferred tax liabilities) | 7,134,209 | 7,102,002 | 7,148,798 |
Deferred tax liabilities | 1,785,915 | 1,747,805 | 1,463,886 |
Geographical information on non-current assets | |||
Long-Lived Assets | 13,405,187 | 12,744,267 | 12,483,994 |
Elimination [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenues from transactions with other operating segments | (576,703) | (577,588) | (1,166,994) |
Amounts of additions to non-current assets [Abstract] | |||
Segment assets | (148,413) | (97,589) | (50,070) |
Segments assets (excluding deferred tax assets) | (148,413) | (97,589) | (50,070) |
Geographical information on non-current assets | |||
Long-Lived Assets | (16,294) | (9,304) | (6,380) |
Chile | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 3,633,847 | 3,409,152 | 2,573,641 |
Revenue from rendering of services | 71,318 | 63,432 | 38,852 |
Revenue | 3,705,165 | 3,472,584 | 2,612,493 |
Total Ordinary Income | 3,705,165 | 3,472,584 | 2,612,493 |
Geographical information on non-current assets | |||
Long-Lived Assets | 9,431,618 | 8,849,133 | 8,408,703 |
Foreign entities [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 3,396,905 | 2,877,177 | 2,120,376 |
Total Ordinary Income | 3,396,905 | 2,877,177 | 2,120,376 |
Geographical information on non-current assets | |||
Long-Lived Assets | 3,973,569 | 3,895,134 | 4,075,291 |
Pulp [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 2,886,870 | 2,702,346 | 2,038,847 |
Revenue from rendering of services | 103,771 | 97,988 | 70,431 |
Revenue | 2,990,641 | 2,800,334 | 2,109,278 |
Revenues from transactions with other operating segments | 501,011 | 503,455 | 1,111,289 |
Finance income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Net finance costs | 0 | 0 | 0 |
Depreciation and amortizations | 296,425 | 297,413 | 312,092 |
Other income | 63,759 | 331,827 | 235,320 |
Other expenses | 299,469 | 141,338 | 114,720 |
Associates | 2,180 | 2,380 | 1,346 |
Joint ventures | 0 | 0 | 0 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) of each reportable segment | 320,201 | 851,804 | 201,548 |
Total Ordinary Income | 2,990,641 | 2,800,334 | 2,109,278 |
Amounts of additions to non-current assets [Abstract] | |||
Acquisition of property, plant and equipment and biological assets | 1,462,801 | 1,461,957 | 1,618,239 |
Acquisition and contribution of investments in associates and joint venture | 0 | 0 | 0 |
Segment assets | 13,094,867 | 12,236,794 | 11,543,571 |
Segments assets (excluding deferred tax assets) | 13,094,867 | 12,236,794 | 11,543,571 |
Associates | 36,489 | 26,823 | 29,205 |
Joint Ventures | 0 | 0 | 0 |
Segment liabilities | 1,049,313 | 725,397 | 494,065 |
Segment liabilities (excluding deferred tax liabilities) | 1,049,313 | 725,397 | 494,065 |
Geographical information on non-current assets | |||
Long-Lived Assets | 11,283,217 | 10,650,117 | 10,218,880 |
Pulp [member] | Chile | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 1,961,303 | 1,933,450 | 1,476,060 |
Total Ordinary Income | 1,961,303 | 1,933,450 | 1,476,060 |
Geographical information on non-current assets | |||
Long-Lived Assets | 8,540,801 | 7,978,912 | 7,487,475 |
Pulp [member] | Foreign entities [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 1,029,338 | 866,884 | 633,218 |
Total Ordinary Income | 1,029,338 | 866,884 | 633,218 |
Geographical information on non-current assets | |||
Long-Lived Assets | 2,742,416 | 2,671,205 | 2,731,405 |
Wood products [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 4,110,747 | 3,549,096 | 2,623,465 |
Revenue from rendering of services | 1 | 1 | 15 |
Revenue | 4,110,748 | 3,549,097 | 2,623,480 |
Revenues from transactions with other operating segments | 21,347 | 30,396 | 21,556 |
Finance income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Net finance costs | 0 | 0 | 0 |
Depreciation and amortizations | 198,632 | 179,549 | 192,295 |
Other income | 31,248 | 22,935 | 42,723 |
Other expenses | 50,311 | 27,315 | 50,369 |
Associates | 0 | 0 | 0 |
Joint ventures | 41,319 | 35,250 | (1,994) |
Income tax expense | 0 | 0 | 0 |
Profit (loss) of each reportable segment | 900,134 | 906,745 | 260,504 |
Total Ordinary Income | 4,110,748 | 3,549,097 | 2,623,480 |
Amounts of additions to non-current assets [Abstract] | |||
Acquisition of property, plant and equipment and biological assets | 109,664 | 76,088 | 95,672 |
Acquisition and contribution of investments in associates and joint venture | 0 | 0 | 0 |
Segment assets | 2,959,042 | 3,021,804 | 2,886,177 |
Segments assets (excluding deferred tax assets) | 2,959,042 | 3,021,804 | 2,886,177 |
Associates | 0 | 0 | 0 |
Joint Ventures | 203,443 | 203,504 | 187,388 |
Segment liabilities | 438,864 | 480,521 | 471,024 |
Segment liabilities (excluding deferred tax liabilities) | 438,864 | 480,521 | 471,024 |
Geographical information on non-current assets | |||
Long-Lived Assets | 1,681,540 | 1,731,311 | 1,866,639 |
Wood products [member] | Chile | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 1,743,181 | 1,538,804 | 1,136,322 |
Total Ordinary Income | 1,743,181 | 1,538,804 | 1,136,322 |
Geographical information on non-current assets | |||
Long-Lived Assets | 491,283 | 530,618 | 588,973 |
Wood products [member] | Foreign entities [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 2,367,567 | 2,010,293 | 1,487,158 |
Total Ordinary Income | 2,367,567 | 2,010,293 | 1,487,158 |
Geographical information on non-current assets | |||
Long-Lived Assets | 1,190,257 | 1,200,693 | 1,277,666 |
Others [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 0 | 0 | |
Revenue from rendering of services | 681 | 330 | 111 |
Revenue | 681 | 330 | 111 |
Revenues from transactions with other operating segments | 54,345 | 43,737 | 34,149 |
Finance income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Net finance costs | 0 | 0 | 0 |
Depreciation and amortizations | 1,679 | 1,634 | 1,547 |
Other income | 101 | 265 | 89 |
Other expenses | 9 | 6,140 | 1 |
Associates | 0 | 0 | 0 |
Joint ventures | 0 | 0 | 0 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) of each reportable segment | (2,906) | (9,605) | (2,927) |
Total Ordinary Income | 681 | 330 | 111 |
Amounts of additions to non-current assets [Abstract] | |||
Acquisition of property, plant and equipment and biological assets | 475 | 870 | 437 |
Acquisition and contribution of investments in associates and joint venture | 0 | 0 | 0 |
Segment assets | 18,291 | 19,350 | 24,941 |
Segments assets (excluding deferred tax assets) | 18,291 | 19,350 | 24,941 |
Associates | 0 | 0 | 0 |
Joint Ventures | 0 | 0 | 0 |
Segment liabilities | 22,237 | 11,010 | 8,574 |
Segment liabilities (excluding deferred tax liabilities) | 22,237 | 11,010 | 8,574 |
Geographical information on non-current assets | |||
Long-Lived Assets | 17,008 | 18,307 | 24,305 |
Others [member] | Chile | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 681 | 330 | 111 |
Total Ordinary Income | 681 | 330 | 111 |
Geographical information on non-current assets | |||
Long-Lived Assets | 17,008 | 18,307 | 24,305 |
Others [member] | Foreign entities [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 0 | 0 | 0 |
Total Ordinary Income | 0 | 0 | 0 |
Geographical information on non-current assets | |||
Long-Lived Assets | 0 | 0 | 0 |
Corporate [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 0 | 0 | 0 |
Revenue from rendering of services | 0 | 0 | 0 |
Revenue | 0 | 0 | 0 |
Revenues from transactions with other operating segments | 0 | 0 | |
Finance income | 72,116 | 33,499 | 29,449 |
Finance costs | (200,366) | (219,982) | (268,179) |
Net finance costs | (128,250) | (186,483) | (238,730) |
Depreciation and amortizations | 10,293 | 11,164 | 10,078 |
Other income | 5,021 | 23,950 | 5,684 |
Other expenses | 24,100 | 17,308 | 17,793 |
Associates | 4,889 | (2,050) | 3,475 |
Joint ventures | (14,704) | (4,194) | (510) |
Income tax expense | (142,121) | (402,914) | (41,848) |
Profit (loss) of each reportable segment | (513,203) | (717,345) | (433,820) |
Total Ordinary Income | 0 | 0 | 0 |
Amounts of additions to non-current assets [Abstract] | |||
Acquisition of property, plant and equipment and biological assets | 5,262 | 3,800 | 2,639 |
Acquisition and contribution of investments in associates and joint venture | 9,855 | 61,372 | 19,433 |
Segment assets | 1,256,321 | 1,487,952 | 1,623,700 |
Segments assets (excluding deferred tax assets) | 1,247,310 | 1,480,315 | 1,617,659 |
Deferred tax assets | 9,011 | 7,637 | 6,041 |
Associates | 64,332 | 56,101 | 56,509 |
Joint Ventures | 61,407 | 50,214 | 43,837 |
Segment liabilities | 7,409,710 | 7,632,879 | 7,639,021 |
Segment liabilities (excluding deferred tax liabilities) | 5,623,795 | 5,885,074 | 6,175,135 |
Deferred tax liabilities | 1,785,915 | 1,747,805 | 1,463,886 |
Geographical information on non-current assets | |||
Long-Lived Assets | 439,716 | 353,836 | 380,550 |
Corporate [member] | Chile | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 0 | 0 | 0 |
Total Ordinary Income | 0 | 0 | 0 |
Geographical information on non-current assets | |||
Long-Lived Assets | 398,820 | 330,600 | 314,330 |
Corporate [member] | Foreign entities [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 0 | 0 | 0 |
Total Ordinary Income | 0 | 0 | 0 |
Geographical information on non-current assets | |||
Long-Lived Assets | 40,896 | 23,236 | 66,220 |
Sub Total [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 6,997,617 | 6,251,442 | 4,662,312 |
Revenue from rendering of services | 104,453 | 98,319 | 70,557 |
Revenue | 7,102,070 | 6,349,761 | 4,732,869 |
Revenues from transactions with other operating segments | 576,703 | 577,588 | 1,166,994 |
Finance income | 72,116 | 33,499 | 29,449 |
Finance costs | (200,366) | (219,982) | (268,179) |
Net finance costs | (128,250) | (186,483) | (238,730) |
Depreciation and amortizations | 507,029 | 489,760 | 516,012 |
Other income | 100,129 | 378,977 | 283,816 |
Other expenses | 373,889 | 192,101 | 182,883 |
Associates | 7,069 | 330 | 4,821 |
Joint ventures | 26,615 | 31,056 | (2,504) |
Income tax expense | (142,121) | (402,914) | (41,848) |
Profit (loss) of each reportable segment | 704,226 | 1,031,599 | 25,305 |
Total Ordinary Income | 7,102,070 | 6,349,761 | 4,732,869 |
Amounts of additions to non-current assets [Abstract] | |||
Acquisition of property, plant and equipment and biological assets | 1,578,202 | 1,542,715 | 1,716,987 |
Acquisition and contribution of investments in associates and joint venture | 9,855 | 61,372 | 19,433 |
Segments assets (excluding deferred tax assets) | 17,319,510 | 16,758,263 | 16,072,348 |
Deferred tax assets | 9,011 | 7,637 | 6,041 |
Associates | 100,821 | 82,924 | 85,714 |
Joint Ventures | 264,850 | 253,718 | 231,225 |
Segment liabilities | 8,920,124 | 8,849,807 | 8,612,684 |
Segment liabilities (excluding deferred tax liabilities) | 7,134,209 | 7,102,002 | 7,148,798 |
Deferred tax liabilities | 1,785,915 | 1,747,805 | 1,463,886 |
Segment assets | 17,328,521 | 16,765,900 | 16,078,389 |
Geographical information on non-current assets | |||
Non current assets subtotal | 13,421,481 | 12,753,571 | 12,490,374 |
Sub Total [member] | Chile | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 3,705,165 | 3,472,584 | 2,612,493 |
Total Ordinary Income | 3,705,165 | 3,472,584 | 2,612,493 |
Geographical information on non-current assets | |||
Long-Lived Assets | 9,447,912 | 8,858,437 | 8,415,083 |
Sub Total [member] | Foreign entities [member] | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue | 3,396,905 | 2,877,177 | 2,120,376 |
Total Ordinary Income | 3,396,905 | 2,877,177 | 2,120,376 |
Geographical information on non-current assets | |||
Long-Lived Assets | $ 3,973,569 | $ 3,895,134 | $ 4,075,291 |
REPORTABLE SEGMENTS (Details 1)
REPORTABLE SEGMENTS (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | $ 6,997,617 | $ 6,251,442 | $ 4,662,312 |
Revenue from rendering of services | 104,453 | 98,319 | 70,557 |
Revenue | 7,102,070 | 6,349,761 | 4,732,869 |
Non-current Assets other than deferred tax | 13,396,176 | 12,736,630 | 12,477,953 |
Chile | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 3,633,847 | 3,409,152 | 2,573,641 |
Revenue from rendering of services | 71,318 | 63,432 | 38,852 |
Revenue | 3,705,165 | 3,472,584 | 2,612,493 |
Non-current Assets other than deferred tax | 9,426,583 | 8,845,193 | 8,404,695 |
Argentina | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 600,923 | 524,976 | 379,200 |
Revenue from rendering of services | 0 | 0 | 0 |
Revenue | 600,923 | 524,976 | 379,200 |
Non-current Assets other than deferred tax | 548,528 | 688,698 | 741,337 |
Brazil | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 658,329 | 630,440 | 414,622 |
Revenue from rendering of services | 0 | 0 | 0 |
Revenue | 658,329 | 630,440 | 414,622 |
Non-current Assets other than deferred tax | 906,174 | 642,578 | 694,079 |
USA/Canada | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 1,309,652 | 1,041,285 | 829,497 |
Revenue from rendering of services | 0 | 0 | 0 |
Revenue | 1,309,652 | 1,041,285 | 829,497 |
Non-current Assets other than deferred tax | 721,824 | 735,846 | 774,969 |
Uruguay | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 573,877 | 454,498 | 333,104 |
Revenue from rendering of services | 33,134 | 34,886 | 31,690 |
Revenue | 607,011 | 489,384 | 364,794 |
Non-current Assets other than deferred tax | 1,664,974 | 1,698,320 | 1,725,736 |
Mexico | |||
Disclosure Of Reportable Segments [Line Items] | |||
Revenue from sale of goods | 220,989 | 191,091 | 132,248 |
Revenue from rendering of services | 1 | 1 | 15 |
Revenue | 220,990 | 191,092 | 132,263 |
Non-current Assets other than deferred tax | $ 128,093 | $ 125,995 | $ 137,137 |
REPORTABLE SEGMENTS (Details Te
REPORTABLE SEGMENTS (Details Textual) | 12 Months Ended |
Dec. 31, 2022 bbl | |
URUGUAY | |
Disclosure Of Reportable Segments [Line Items] | |
Area of Property | 50% |
Pulp [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 3,700,000 |
Osb [Member] | Sonae Arauco Production Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 460,000 |
Osb [Member] | Arauco Total Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 230,000 |
Pb [Member] | Sonae Arauco Production Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 2,400,000 |
Pb [Member] | Arauco Total Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 4,200,000 |
Wood products [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 7,300,000 |
Description of percentage of customers for the product | Arauco has no customers representing 10% or more of its revenues. |
Sawn Wood [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 3,000,000 |
Mdf [Member] | Sonae Arauco Production Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 1,200,000 |
Mdf [Member] | Arauco Total Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 4,200,000 |
Plywood [Member] | Arauco Total Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 710,000 |
Swan Timber [Member] | Sonae Arauco Production Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 70,000 |
Swan Timber [Member] | Arauco Total Capacity [Member] | |
Disclosure Of Reportable Segments [Line Items] | |
Annual production capacity | 3,100,000 |
OTHER NON-FINANCIAL ASSETS AN_3
OTHER NON-FINANCIAL ASSETS AND NON-FINANCIAL LIABILITIES (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Current non-financial assets | ||
Total | $ 206,059 | $ 167,890 |
Non-current non-financial assets | ||
Other non-current non-financial assets | 92,514 | 88,549 |
Total | 63,321 | 10,525 |
Current non-financial liabilities | ||
Other Current non-financial liabilities | 242,978 | 173,654 |
Total | 375,451 | 339,441 |
Non-current non-financial liabilities | ||
Other non-current non-financial liabilities | 69,872 | 77,006 |
Total | 5,155,371 | 5,374,864 |
Financial Assets and Liabilities [Member] | ||
Current non-financial assets | ||
Roads to amortize current | 56,171 | 56,949 |
Prepayment to amortize (insurance and others) | 17,474 | 21,749 |
Recoverable taxes (related to purchases) | 126,368 | 83,996 |
Other current non-financial assets | 6,046 | 5,196 |
Total | 206,059 | 167,890 |
Non-current non-financial assets | ||
Roads to amortize, non-current | 71,094 | 72,054 |
Guarantee values | 4,400 | 3,296 |
Recoverable taxes | 6,363 | 4,605 |
Other non-current non-financial assets | 10,657 | 8,594 |
Total | 92,514 | 88,549 |
Current non-financial liabilities | ||
Provision of minimum dividend | 189,375 | 125,657 |
ICMS, PIS-COFINS and other tax payables Brazil | 32,145 | 24,590 |
Other tax payable | 14,186 | 17,618 |
Other Current non-financial liabilities | 7,272 | 5,789 |
Total | 242,978 | 173,654 |
Non-current non-financial liabilities | ||
ICMS and other tax payable - Brazil | 66,736 | 74,780 |
Other non-current non-financial liabilities | 3,136 | 2,226 |
Total | $ 69,872 | $ 77,006 |
DISTRIBUTABLE NET PROFIT AND _3
DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Line Items] | |||
Net profit attributable to parent company | $ 704,480 | $ 1,030,812 | $ 25,843 |
Sale of lands | 0 | (167,802) | 0 |
Total adjustments | 143,113 | 260,344 | |
Biological assets [member] | |||
Disclosure of DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Line Items] | |||
Net profit attributable to parent company | 1,030,812 | 25,843 | |
Unrealized gains (losses) | (12,933) | (79,452) | (183,927) |
Realized gains (losses) | 327,268 | 249,441 | 208,064 |
Deferred income taxes | (91,629) | (42,970) | (4,684) |
Total adjustments | 222,706 | 127,019 | 19,453 |
Distributable net profit | $ 927,186 | $ 990,029 | $ 45,296 |
DISTRIBUTABLE NET PROFIT AND _4
DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE (Details 1) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Line Items] | |||
Profit or loss attributable to ordinary equity holder of parent | $ 704,480 | $ 1,030,812 | $ 25,843 |
Weighted average of number of shares | 120,474,350 | 119,414,435 | 114,269,961 |
Basic and diluted earnings per share (in U.S.$ per share) | $ 5.8476 | $ 8.6322 | $ 0.2262 |
DISTRIBUTABLE NET PROFIT AND _5
DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE (Details textual) - USD ($) | 1 Months Ended | 12 Months Ended | ||
Nov. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Oct. 12, 2021 | |
Disclosure of DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Line Items] | ||||
Percentage of cash income distributed to shareholders as dividend as per dividend policy | 40% | |||
Minimum dividend provision of the parent | $ 186,903 | $ 125,012,000 | ||
Dividends paid | $ 271,000,000 | $ 183,971 | ||
Provision for definitive dividend | $ 200,000 | |||
Dividends on Liquid Distributable Profit [Member] | ||||
Disclosure of DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Line Items] | ||||
Percentage of cash income distributed to shareholders as dividend as per dividend policy | 40% | |||
Dividends paid | $ 370,874,000 | 396,012,000 | ||
Dividend Provisioned for the Change in Policy on Profits [Member] | ||||
Disclosure of DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Line Items] | ||||
Dividends paid | 67,121,000 | |||
Retained Earnings [Member] | ||||
Disclosure of DISTRIBUTABLE NET PROFIT AND EARNINGS PER SHARE [Line Items] | ||||
Dividends paid | $ 437,995,000 | $ 596,012,000 |
SUBSEQUENT EVENTS (Details Text
SUBSEQUENT EVENTS (Details Textual) $ in Thousands | 12 Months Ended | ||
Apr. 06, 2023 | Mar. 01, 2023 USD ($) ha | Dec. 31, 2022 | |
Statement [Line Items] | |||
Percentage of dividend agreed for proposal | 50% | ||
Percentage of dividend provisioned according to the policy | 40% | ||
Fire Calamity Event [Member] | |||
Statement [Line Items] | |||
Fire prevention and combat measures | the Company has more than 1,300 professional forestry brigade members, duly trained and equipped for firefighting, as well as 700 liquidation forestry brigade members. Additionally, the Company has 89 car bombs, 30 runways and helipads, a total of 35 aircrafts (11 tanker planes, 17 tanker and brigade transport helicopters, 4 heavy-duty helicopters and 3 coordination planes), 18 skidders, 2 bulldozers, 130 detection towers with cameras systems, a satellite fire detection service, and 3 detection centers, in addition to the support of national and international specialist companies. | ||
Area of forest plantations affected by fire | ha | 47,000 | ||
Loss from catastrophes | $ | $ 50,000 |