Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document and Entity Information [Abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | CHEMICAL & MINING CO OF CHILE INC |
Entity Central Index Key | 0000909037 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Trading Symbol | SQM |
Entity Common Stock, Shares Outstanding | 263,196,524 |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Consolidated Classified Stateme
Consolidated Classified Statements of Financial Position - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Current assets | ||
Cash and cash equivalents | $ 556,066 | $ 630,438 |
Other current financial assets | 312,721 | 366,979 |
Other current non-financial assets | 49,186 | 26,883 |
Trade and other receivables, current | 464,855 | 446,875 |
Trade receivables due from related parties, current | 44,554 | 59,132 |
Current inventories | 913,674 | 902,074 |
Current tax assets | 57,110 | 32,291 |
Current assets other than those classified as held for sale or disposal | 2,398,166 | 2,464,672 |
Non-current assets or groups of assets classified as held for sale | 1,430 | 1,589 |
Total current assets | 2,399,596 | 2,466,261 |
Non-current assets | ||
Other non-current financial assets | 17,131 | 42,879 |
Other non-current non-financial assets | 27,540 | 19,262 |
Trade receivables, non-current | 2,275 | 1,912 |
Investments classified using the equity method of accounting | 111,549 | 152,630 |
Intangible assets other than goodwill | 188,283 | 113,787 |
Goodwill | 34,718 | 37,972 |
Property, plant and equipment | 1,454,823 | 1,429,354 |
Tax assets, non-current | 32,179 | 32,179 |
Total non-current assets | 1,868,498 | 1,829,975 |
Total assets | 4,268,094 | 4,296,236 |
Current liabilities | ||
Other current financial liabilities | 23,585 | 220,328 |
Trade and other payables, current | 163,751 | 196,280 |
Trade payables due to related parties, current | 9 | 1,365 |
Other current provisions | 106,197 | 63,445 |
Current tax liabilities | 47,412 | 75,402 |
Provisions for employee benefits, current | 20,085 | 22,421 |
Other current liabilities | 194,624 | 168,804 |
Total current liabilities | 555,663 | 748,045 |
Non-current liabilities | ||
Other non-current financial liabilities | 1,330,382 | 1,031,507 |
Other non-current provisions | 31,822 | 30,001 |
Deferred tax liabilities | 175,361 | 205,283 |
Provisions for employee benefits, non-current | 37,064 | 33,932 |
Total non-current liabilities | 1,574,629 | 1,300,723 |
Total liabilities | 2,130,292 | 2,048,768 |
Equity | ||
Share capital | 477,386 | 477,386 |
Retained earnings | 1,623,104 | 1,724,784 |
Other reserves | (14,999) | (14,349) |
Equity attributable to owners of the Parent | 2,085,491 | 2,187,821 |
Non-controlling interests | 52,311 | 59,647 |
Total equity | 2,137,802 | 2,247,468 |
Total liabilities and equity | $ 4,268,094 | $ 4,296,236 |
Consolidated Statements of Inco
Consolidated Statements of Income by Function - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue | $ 2,265,803 | $ 2,157,323 | $ 1,939,322 |
Cost of sales | (1,483,524) | (1,394,822) | (1,328,285) |
Gross profit | 782,279 | 762,501 | 611,037 |
Other income | 32,048 | 17,827 | 15,202 |
Administrative expenses | (118,126) | (101,171) | (88,436) |
Other expenses by function | (36,907) | (53,600) | (82,533) |
Net impairment gains on reversal (losses) of financial assets | 2,967 | (8,038) | (7,198) |
Other gains (losses) | 6,404 | 543 | 679 |
Profit from operating activities | 668,665 | 618,062 | 448,751 |
Finance income | 22,533 | 13,499 | 10,129 |
Finance costs | (59,914) | (50,124) | (57,498) |
Share of profit of associates and joint ventures accounted for using the equity method | 6,351 | 14,452 | 13,047 |
Foreign currency translation differences | (16,597) | (1,299) | 460 |
Profit before taxes | 621,038 | 594,590 | 414,889 |
Income tax expense, continuing operations | (178,975) | (166,173) | (132,965) |
Profit from continuing operations | 442,063 | 428,417 | 281,924 |
Profit attributable to | |||
Owners of the Parent | 439,830 | 427,697 | 278,290 |
Non-controlling interests | 2,233 | 720 | 3,634 |
Profit for the year | $ 442,063 | $ 428,417 | $ 281,924 |
Common shares | |||
Basic earnings per share (US$ per share) | $ 1.6711 | $ 1.6250 | $ 1.0573 |
Diluted common shares | |||
Diluted earnings per share (US$ per share) | $ 1.6711 | $ 1.6250 | $ 1.0573 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Profit for the year | $ 442,063 | $ 428,417 | $ 281,924 |
Items of other comprehensive income that will not be reclassified to profit for the year, before taxes | |||
Losses from measurements of defined benefit plans | (1,338) | (1,392) | (3,397) |
Loss from financial assets measured irrevocably at fair value through other comprehensive income | (5,546) | ||
Total other comprehensive income that will not be reclassified to profit for the year, before taxes | (6,884) | (1,392) | (3,397) |
Items of other comprehensive income that will be reclassified to profit for the year, before taxes | |||
Foreign currency exchange losses | (1,219) | (5,446) | (2,252) |
(Loss) gain from financial assets measured at fair value through other comprehensive income | 0 | (26) | 4,813 |
Gain from cash flow hedges | 5,723 | 2,184 | 2,233 |
Total other comprehensive income that will be reclassified to profit for the year | 4,504 | (3,288) | 4,794 |
Total other comprehensive income before taxes | (2,380) | (4,680) | 1,397 |
Income taxes related to items of other comprehensive income that will not be reclassified to profit for the year | |||
Income tax related to financial assets measured at fair value through other comprehensive income | 1,498 | 0 | 0 |
Income taxes related to new measurements of defined benefit plans in other comprehensive income | 396 | 282 | 921 |
Total income taxes related to items of other comprehensive income that will not be reclassified to profit for the year | 1,894 | 282 | 921 |
Income tax relating to components of other comprehensive income that will be reclassified to profit (loss) for the year | |||
Income taxes related to cash flow hedges | 0 | 0 | (470) |
Income tax related to financial assets measured at fair value through other comprehensive income | 0 | (550) | (1,300) |
Total income tax relating to components of other comprehensive income that will be reclassified to profit (loss) for the year | 0 | (550) | (1,770) |
Total other comprehensive income | (486) | (4,948) | 548 |
Total comprehensive income | 441,577 | 423,469 | 282,472 |
Comprehensive income attributable to | |||
Owners of the Parent | 439,180 | 422,736 | 278,831 |
Non-controlling interests | 2,397 | 733 | 3,641 |
Total comprehensive income | $ 441,577 | $ 423,469 | $ 282,472 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Cash flows from operating activities | ||||
Cash receipts from sales of goods and rendering of services | $ 2,284,514 | $ 2,082,366 | $ 1,874,202 | |
Cash receipts from premiums and benefits, annuities and other benefits from policies entered | 2,140 | 2,967 | 5,071 | |
Cash payments to suppliers for the provision of goods and services | (1,201,674) | (842,079) | (851,972) | |
Cash payments to and on behalf of employees | (230,007) | (227,103) | (204,609) | |
Other payments related to operating activities | [1] | (21,240) | (65,444) | (32,185) |
Net cash generated from (used in) operating activities | 833,733 | 950,707 | 790,507 | |
Dividends received | 8,815 | 2,091 | 4,345 | |
Interest paid | (59,565) | (51,335) | (55,217) | |
Interest received | 22,533 | 13,499 | 10,550 | |
Income taxes paid | (240,115) | (148,568) | (113,991) | |
Other (outflows) of cash | [2] | (40,562) | (8,122) | (2,532) |
Net cash generated from operating activities | 524,839 | 758,272 | 633,662 | |
Cash flows from (used in) investing activities | ||||
Cash flows arising from the loss of control of subsidiaries and other businesses | 68,988 | 0 | 0 | |
Payments made to acquire interest in joint ventures | (19,989) | (38,088) | (45,000) | |
Proceeds from the sale of property, plant and equipment | 61 | 229 | 4,347 | |
Acquisition of property, plant and equipment | (244,693) | (142,144) | (131,251) | |
Proceeds from sales of intangible assets | 14,056 | 8,640 | 3,435 | |
Purchases of intangible assets | (74,374) | 0 | (2,090) | |
Proceeds from the repayment of advances and loans granted to third parties | (204) | 78 | (163) | |
Other inflows (outflows) of cash | [3] | 69,151 | (76,782) | 333,108 |
Net cash (used in) generated from investing activities | (187,004) | (248,067) | 162,386 | |
Cash flows used in financing activities | ||||
Proceeds from long-term loans | 256,039 | 0 | 0 | |
Proceeds from short-term borrowings | 120,000 | 143,000 | 100,000 | |
Repayment of borrowings | (213,000) | (180,987) | (517,000) | |
Dividends paid | (550,352) | (373,933) | (399,410) | |
Net cash generated used in financing activities | (387,313) | (411,920) | (816,410) | |
Net (decrease) increase in cash and cash equivalents before the effect of changes in the exchange rate | (49,478) | 98,285 | (20,362) | |
Effects of exchange rate fluctuations on cash and cash equivalents | (24,894) | 17,484 | 7,772 | |
Net (decrease) increase in cash and cash equivalents | (74,372) | 115,769 | (12,590) | |
Cash and cash equivalents at beginning of period | 630,438 | 514,669 | 527,259 | |
Cash and cash equivalents at end of period | $ 556,066 | $ 630,438 | $ 514,669 | |
[1] | Includes a payment of ThUS$30,000 made to the SEC and the DOJ, which was provisioned in 2016 and paid in 2017. | |||
[2] | Other inflows (outflows) of cash from operating activities include increases (decreases) net of Value Added Tax. | |||
[3] | Other inflows (outflows) of cash include investments and redemptions of time deposits and other financial instruments that do not qualify as cash and cash equivalent in accordance with IAS 7, paragraph 7, since they mature in more than 90 days from the original investment date. |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Total | Share capital [member] | Foreign currency translation difference reserves [member] | Gains from cash flow hedge [member] | Gains (losses) from financial assets measured at fair value through other comprehensive income [member] | Losses from measurement of defined benefit plans [member] | Other miscellaneous reserves [member] | Total other reserves [member] | Retained earnings [member] | Equity attributable to owners of the Parent [member] | Non-controlling interests [member] | |
Equity at beginning of the year at Dec. 31, 2015 | $ 2,400,356 | $ 477,386 | $ (14,035) | $ (1,699) | $ (2,386) | $ (1,677) | $ (19,797) | $ 1,882,196 | $ 2,339,785 | $ 60,571 | ||
Profit for the year | 281,924 | 0 | 0 | 0 | 0 | 0 | 0 | 278,290 | 278,290 | 3,634 | ||
Other comprehensive income | 548 | 0 | (2,287) | 1,763 | $ 3,513 | (2,448) | 0 | 541 | 0 | 541 | 7 | |
Comprehensive income | 282,472 | 0 | (2,287) | 1,763 | 3,513 | (2,448) | 0 | 541 | 278,290 | 278,831 | 3,641 | |
Dividends | (378,014) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (375,000) | (375,000) | (3,014) | |
Increase (decrease) due to transfers and other changes | 2,458 | (3,141) | 0 | 0 | 0 | 9,509 | 6,368 | (3,910) | 2,458 | 0 | ||
Increase (decrease) in equity | (93,084) | 0 | (5,428) | 1,763 | 3,513 | (2,448) | 9,509 | 6,909 | (100,620) | (93,711) | 627 | |
Equity at end of the year at Dec. 31, 2016 | 2,307,272 | 477,386 | (19,463) | 64 | 3,513 | (4,834) | 7,832 | (12,888) | 1,781,576 | 2,246,074 | 61,198 | |
Profit for the year | 428,417 | 0 | 0 | 0 | 0 | 0 | 0 | 427,697 | 427,697 | 720 | ||
Other comprehensive income | (4,948) | 0 | (5,450) | 2,184 | (576) | (1,119) | 0 | (4,961) | 0 | (4,961) | 13 | |
Comprehensive income | 423,469 | 0 | (5,450) | 2,184 | (576) | (1,119) | 0 | (4,961) | 427,697 | 422,736 | 733 | |
Dividends | (483,273) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (480,989) | (480,989) | (2,284) | |
Increase (decrease) due to transfers and other changes | 0 | 0 | 0 | 0 | 0 | 0 | 3,500 | 3,500 | (3,500) | 0 | 0 | |
Increase (decrease) in equity | (59,804) | 0 | (5,450) | 2,184 | (576) | (1,119) | 3,500 | (1,461) | (56,792) | (58,253) | (1,551) | |
Equity at end of the year at Dec. 31, 2017 | 2,247,468 | 477,386 | (24,913) | 2,248 | 2,937 | (5,953) | 11,332 | (14,349) | 1,724,784 | 2,187,821 | 59,647 | |
Equity at beginning of the year (Increase (decrease) due to changes in accounting policies [member]) at Dec. 31, 2017 | [1] | (1,680) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1,680) | (1,680) | 0 |
Equity at beginning of the year at Dec. 31, 2017 | 2,245,788 | 477,386 | (24,913) | 2,248 | 2,937 | (5,953) | 11,332 | (14,349) | 1,723,104 | 2,186,141 | 59,647 | |
Profit for the year | 442,063 | 0 | 0 | 0 | 0 | 0 | 0 | 439,830 | 439,830 | 2,233 | ||
Other comprehensive income | (486) | 0 | (1,394) | 5,723 | (4,048) | (931) | 0 | (650) | 0 | (650) | 164 | |
Comprehensive income | 441,577 | 0 | (1,394) | 5,723 | (4,048) | (931) | 0 | (650) | 439,830 | 439,180 | 2,397 | |
Dividends | (549,563) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (539,830) | (539,830) | (9,733) | |
Increase (decrease) in equity | (107,986) | 0 | (1,394) | 5,723 | (4,048) | (931) | 0 | (650) | (100,000) | (100,650) | (7,336) | |
Equity at end of the year at Dec. 31, 2018 | $ 2,137,802 | $ 477,386 | $ (26,307) | $ 7,971 | $ (1,111) | $ (6,884) | $ 11,332 | $ (14,999) | $ 1,623,104 | $ 2,085,491 | $ 52,311 | |
[1] | See Note 2.4 for description of changes in accounting policies. |
Identification and Activities o
Identification and Activities of the Company and Subsidiaries | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Identification and Activities of the Company and Subsidiaries [Abstract] | |
Disclosure of Identification and Activities of the Company and Subsidiaries [Text Block] | $10,000 40.0% See Note 25.2 for the disclosure of lease payments made to CORFO for all periods presented. In regard to potassium chloride, the former rate of 1.8% on FOB sales was changed to the following structure of progressive rates based on the final sale price: Price US$/MT KCL Lease payment rate $0 - $ 300 3.0% $ 300 400 7.0% $ 400 500 10.0% $ 500 600 15.0% > $ 600 20.0% Similarly, the lease rates associated with the other products (lithium hydroxide, potassium sulfate and others) shall have similar changes to those described in the previous products. SQM Salar commits to contribute between US$10.8 and US$18.9 million per year to research and development efforts, between US$10 to US$15 million per year to the communities in close proximity to the Salar de Atacama, and 1.7% of total annual sales of SQM Salar to regional development. 1.5 Other background Staff As of December 31, 2018, and December 31, 2017, the workforce was as follows: 12/31/2018 12/31/2017 Employees SQM S.A. Other subsidiaries Total SQM S.A. Other subsidiaries Total Executives 33 89 122 43 77 120 Professionals 115 1,078 1,193 143 942 1,085 Technicians and operators 260 3,287 3,547 248 3,177 3,425 Foreign employees 11 417 428 19 272 291 Overall total 419 4,871 5,290 453 4,468 4,921 Main shareholders The following table shows information about the main shareholders of the Company’s Series A or Series B shares in circulation as of December 31, 2018 and December 31, 2017, in line with information provided by the Central Securities Depository: The following table presents the information about the beneficial ownership of Series A and Series B shares of the Company as of December 31, 2018 and December 31, 2017, with respect to each shareholder that, to our knowledge, owns more than 5% of the outstanding Series A or Series B shares. The following information is derived from our registry and reports managed by the Central Securities Depository and informed to the CMF and the Chilean Stock Exchanges. Shareholder as of December 31, 2018 No, of Series A with ownership % of Series A shares No, of Series B with ownership % of Series B shares % of total shares Inversiones TLC SPA 62,556,568 43.80 % - - 23.77 % Sociedad de Inversiones Pampa Calichera S.A. (*) 44,894,152 31.43 % 10,093,154 8.38 % 20.89 % The Bank of New York Mellon, ADRs - - 35,254,267 29.29 % 13.39 % Potasios de Chile S.A. (*) 18,179,147 12.73 % - - 6.91 % Banco de Chile via non-resident third party accounts 15,687 0.01 % 10,703,812 8.89 % 4.07 % Inversiones Global Mining (Chile) Limitada (*) 8,798,539 6.16 % - - 3.34 % Banco Itaú through Corpbanca on behalf of foreign investors - - 8,085,730 6.72 % 3.07 % Banco Santander via foreign investor accounts - - 7,138,685 5.93 % 2.71 % Banchile C de B S A 528,092 0.37 % 4,028,611 3.35 % 1.73 % Inversiones la Esperanza de Chile Limitada 3,711,598 2.60 % 46,500 0.04 % 1.43 % (*) Total Pampa Group 32 2.247.895 Shareholder as of December 31, 2017 No, of Series A with ownership % of Series A shares No, of Series B with ownership % of Series B shares % of total shares The Bank of New York Mellon, ADRs - - 54,599,961 45.36 % 20.74 % Sociedad de Inversiones Pampa Calichera S.A. (*) 44,894,152 31.43 % 7,007,688 5.82 % 19.72 % Inversiones El Boldo Limitada 29,330,326 20.54 % 16,363,546 13.59 % 17.36 % Inversiones RAC Chile Limitada 19,200,242 13.44 % 2,202,773 1.83 % 8.13 % Potasios de Chile S.A. (*) 18,179,147 12.73 % - - 6.91 % Inversiones PCS Chile Limitada 15,526,000 10.87 % 1,600,000 1.33 % 6.51 % Inversiones Global Mining (Chile) Limitada (*) 8,798,539 6.16 % - - 3.34 % Banco de Chile via non-resident third party accounts - - 8,394,289 6.97 % 3.19 % Banco Itau via Investor Accounts 19,125 0.01 % 7,017,504 5.83 % 2.67 % Banco Santander via foreign investor accounts - - 4,593,336 3.82 % 1.75 % (*) Total Pampa Group 29,97 On December 31, 2018 the total number of shareholders had risen to 1,508 ." id="sjs-B4">Note 1 Identification and Activities of the Company and Subsidiaries 1.1 Historical background Sociedad Química y Minera de Chile S.A. "SQM" is an open stock corporation founded under the laws of the Republic of Chile and its Chilean Tax Identification Number is 93.007.000-9. The Company was incorporated through a public deed dated June 17, 1968 by the public notary of Santiago Mr. Sergio Rodríguez Garcés. Its existence was approved by Decree No. 1,164 of June 22, 1968 of the Ministry of Finance, and it was registered on June 29, 1968 in the Registry of Commerce of Santiago, on page 4,537 No. 1,992. SQM’s headquarters are located at El Trovador 4285, Floor 6, Las Condes, Santiago, Chile. The Company's telephone number is +56 2 2425-2000. The Company is registered with the Commission for Financial Markets (CMF) (formerly the Chilean Superintendence of Securities and Insurance (SVS)) under number 184 of March 18, 1983 and is therefore subject to oversight by that entity. 1.2 Main domicile where the Company performs its production activities The Company’s main domiciles are: Calle Dos Sur plot No. 5 - Antofagasta; Arturo Prat 1060 - Tocopilla; Administration Building w/n - Maria Elena; Administration Building w/n Pedro de Valdivia - María Elena, Anibal Pinto 3228 - Antofagasta, Kilometer 1378 Ruta 5 Norte Highway - Antofagasta, Coya Sur Plant w/n - Maria Elena, kilometer 1760 Ruta 5 Norte Highway - Pozo Almonte, Salar de Atacama (Atacama Saltpeter deposit) potassium chloride plant w/n - San Pedro de Atacama, potassium sulfate plant at Salar de Atacama w/n – San Pedro de Atacama, Minsal Mining Camp w/n CL Plant CL, Potassium– San Pedro de Atacama, formerly the Iris Saltpeter office w/n, Commune of Pozo Almonte, Iquique. 1.3 Codes of main activities The codes of the main activities as established by the CMF, as follows: - 1700 (Mining) - 2200 (Chemical products) - 1300 (Investment) 1.4 Description of the nature of operations and main activities Our products are mainly derived from mineral deposits found in northern Chile. We mine and process caliche ore and brine deposits. The caliche ore in northern Chile contains the only known nitrate and iodine deposits in the world and is the world’s largest commercially exploited source of natural nitrates. The brine deposits of the Salar de Atacama, a salt-encrusted depression in the Atacama Desert in northern Chile, contain high concentrations of lithium and potassium as well as significant concentrations of sulfate and boron. From our caliche ore deposits, we produce a wide range of nitrate-based products used for specialty plant nutrients and industrial applications, as well as iodine and iodine derivatives. At the Salar de Atacama, we extract brines rich in potassium, lithium, sulfate and boron in order to produce potassium chloride, potassium sulfate, lithium solutions and bischofite (magnesium chloride). We produce lithium carbonate and lithium hydroxide at our plant near the city of Antofagasta, Chile, from the solutions brought from the Salar de Atacama. We market all of these products through an established worldwide distribution network. Our products are sold in over 110 countries through our worldwide distribution network, with the majority of our sales derived from countries outside Chile. Our products are divided into six categories: specialty plant nutrients; iodine and its derivatives; lithium and its derivatives; potassium chloride and potassium sulfate; industrial chemicals and other commodity fertilizers, described as follows: Specialty plant nutrition: We produce four main types of specialty plant nutrients: potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends. We also sell other specialty fertilizers including third party products. All of these specialty plant nutrients are used in either solid or liquid form mainly on high value crops such as vegetables, fruits and flowers. Our nutrients are widely used in crops that employ modern agricultural techniques such as hydroponics, green housing, fertigation (where fertilizer is dissolved in water prior to irrigation) and foliar application. Specialty plant nutrients have certain advantages over commodity fertilizers, such as rapid and effective absorption (without requiring nitrification), superior water solubility, increased soil pH (which reduces soil acidity) and low chloride content. One of the most important products in this business line is potassium nitrate, which is sold in crystalline or prill form, allowing for multiple application methods. Crystalline potassium nitrate products are ideal for application by fertigation and foliar sprays, and potassium nitrate prills are suitable for soil applications. The new needs of more sophisticated customers demand that the industry provide integrated solutions rather than individual products. Our products, including customized specialty blends that meet specific needs along with the agronomic service provided, allow to create plant nutrition solutions that add value to crops through higher yields and better quality production. Because our products are derived from natural nitrate compounds or natural potassium brines, they have certain advantages over synthetically produced fertilizers, including the presence of certain beneficial trace elements, which makes them more attractive to customers who prefer products of natural origin. As a result, specialty plant nutrients are sold at a premium price compared to commodity fertilizers. Iodine: We believe that we are the world’s leading producer of iodine and iodine derivatives, which are used in a wide range of medical, pharmaceutical, agricultural and industrial applications, including x-ray contrast media, polarizing films for LCD and LED, antiseptics, biocides and disinfectants, in the synthesis of pharmaceuticals, electronics, pigments and dye components. Lithium: We are a leading producer of lithium carbonate, which is used in a variety of applications, including electrochemical materials for batteries, frits for the ceramic and enamel industries, heat-resistant glass (ceramic glass), air conditioning chemicals, continuous casting powder for steel extrusion, primary aluminum smelting process, pharmaceuticals and lithium derivatives. We are also a leading supplier of lithium hydroxide, which is primarily used as an input for the lubricating greases industry and for certain cathodes for batteries. Industrial chemicals: We produce three industrial chemicals: sodium nitrate, potassium nitrate and potassium chloride. Sodium nitrate is used primarily in the production of glass, explosives, and metal treatment. Potassium nitrate is used in the manufacturing of specialty glass, and it is also an important raw material for the production of frits for the ceramics and enamel industries. Solar salts, a combination of potassium nitrate and sodium nitrate, are used as a thermal storage medium in concentrated solar power plants. Potassium chloride is a basic chemical used to produce potassium hydroxide, and it is also used as an additive in oil drilling as well as in food processing, among other uses. Potassium: We produce potassium chloride and potassium sulfate from brines extracted from the Salar de Atacama. Potassium chloride is a commodity fertilizer used to fertilize a variety of crops including corn, rice, sugar, soybean and wheat. Potassium sulfate is a specialty fertilizer used mainly in crops such as vegetables, fruits and industrial crops. Other products and services: We also sell other fertilizers and blends, some of which we do not produce. We are the largest company that produces and distributes the three main potassium sources: potassium nitrate, potassium sulfate and potassium chloride. This business line also includes revenue from commodities, services, interests, royalties and dividends. Our subsidiary SQM Salar holds exclusive rights to exploit the mineral resources in an area covering approximately 140,000 hectares of land in the Salar de Atacama in northern Chile, of which SQM Salar is only entitled to exploit the mineral resources in 81,920 hectares. These rights are owned by Corfo and leased to SQM Salar pursuant to the Lease Agreement. Corfo cannot unilaterally amend the Lease Agreement and the Project Agreement, and the rights to exploit the resources cannot be transferred. The Lease Agreement establishes that SQM Salar is responsible for making quarterly lease payments to Corfo according to specified percentages of the value of production of minerals extracted from the Salar de Atacama brines, maintaining Corfo’s rights over the Mining Exploitation Concessions and making annual payments to the Chilean government for such concession rights. The Lease Agreement was entered into in 1993 and expires on December 31, 2030. On January 17, 2018, SQM and CORFO reached an agreement to end an arbitration process directed by the arbitrator, Mr. Héctor Humeres Noguer, in case 1954-2014 of the Arbitration and Mediation Center of Santiago Chamber of Commerce ( Centro de Arbitrajes y Mediación de la Cámara de Comercio de Santiago ) and other cases related to it. The agreement signed in January 2018, includes important amendments to the lease agreement and project agreement signed between CORFO and SQM in 1993. The main modifications became effective on April 10, 2018 and requires an increase in the lease payments by increasing the lease rates associated with the sale of the different products produced in the Salar de Atacama, including lithium carbonate, lithium hydroxide and potassium chloride. In regard to lithium carbonate, the former rate of 6.8% on FOB sales was changed to the following structure of progressive rates based on the final sale price: Price US$/MT Li2CO3 Lease payment rate $0 - $4,000 6.8% $4,000 - $5,000 8.0% $5,000 - $6,000 10.0% $6,000 - $7,000 17.0% $7,000 - $10,000 25.0% > $10,000 40.0% See Note 25.2 for the disclosure of lease payments made to CORFO for all periods presented. In regard to potassium chloride, the former rate of 1.8% on FOB sales was changed to the following structure of progressive rates based on the final sale price: Price US$/MT KCL Lease payment rate $0 - $ 300 3.0% $ 300 400 7.0% $ 400 500 10.0% $ 500 600 15.0% > $ 600 20.0% Similarly, the lease rates associated with the other products (lithium hydroxide, potassium sulfate and others) shall have similar changes to those described in the previous products. SQM Salar commits to contribute between US$10.8 and US$18.9 million per year to research and development efforts, between US$10 to US$15 million per year to the communities in close proximity to the Salar de Atacama, and 1.7% of total annual sales of SQM Salar to regional development. 1.5 Other background Staff As of December 31, 2018, and December 31, 2017, the workforce was as follows: 12/31/2018 12/31/2017 Employees SQM S.A. Other subsidiaries Total SQM S.A. Other subsidiaries Total Executives 33 89 122 43 77 120 Professionals 115 1,078 1,193 143 942 1,085 Technicians and operators 260 3,287 3,547 248 3,177 3,425 Foreign employees 11 417 428 19 272 291 Overall total 419 4,871 5,290 453 4,468 4,921 Main shareholders The following table shows information about the main shareholders of the Company’s Series A or Series B shares in circulation as of December 31, 2018 and December 31, 2017, in line with information provided by the Central Securities Depository: The following table presents the information about the beneficial ownership of Series A and Series B shares of the Company as of December 31, 2018 and December 31, 2017, with respect to each shareholder that, to our knowledge, owns more than 5% of the outstanding Series A or Series B shares. The following information is derived from our registry and reports managed by the Central Securities Depository and informed to the CMF and the Chilean Stock Exchanges. Shareholder as of December 31, 2018 No, of Series A with ownership % of Series A shares No, of Series B with ownership % of Series B shares % of total shares Inversiones TLC SPA 62,556,568 43.80 % - - 23.77 % Sociedad de Inversiones Pampa Calichera S.A. (*) 44,894,152 31.43 % 10,093,154 8.38 % 20.89 % The Bank of New York Mellon, ADRs - - 35,254,267 29.29 % 13.39 % Potasios de Chile S.A. (*) 18,179,147 12.73 % - - 6.91 % Banco de Chile via non-resident third party accounts 15,687 0.01 % 10,703,812 8.89 % 4.07 % Inversiones Global Mining (Chile) Limitada (*) 8,798,539 6.16 % - - 3.34 % Banco Itaú through Corpbanca on behalf of foreign investors - - 8,085,730 6.72 % 3.07 % Banco Santander via foreign investor accounts - - 7,138,685 5.93 % 2.71 % Banchile C de B S A 528,092 0.37 % 4,028,611 3.35 % 1.73 % Inversiones la Esperanza de Chile Limitada 3,711,598 2.60 % 46,500 0.04 % 1.43 % (*) Total Pampa Group 32 2.247.895 Shareholder as of December 31, 2017 No, of Series A with ownership % of Series A shares No, of Series B with ownership % of Series B shares % of total shares The Bank of New York Mellon, ADRs - - 54,599,961 45.36 % 20.74 % Sociedad de Inversiones Pampa Calichera S.A. (*) 44,894,152 31.43 % 7,007,688 5.82 % 19.72 % Inversiones El Boldo Limitada 29,330,326 20.54 % 16,363,546 13.59 % 17.36 % Inversiones RAC Chile Limitada 19,200,242 13.44 % 2,202,773 1.83 % 8.13 % Potasios de Chile S.A. (*) 18,179,147 12.73 % - - 6.91 % Inversiones PCS Chile Limitada 15,526,000 10.87 % 1,600,000 1.33 % 6.51 % Inversiones Global Mining (Chile) Limitada (*) 8,798,539 6.16 % - - 3.34 % Banco de Chile via non-resident third party accounts - - 8,394,289 6.97 % 3.19 % Banco Itau via Investor Accounts 19,125 0.01 % 7,017,504 5.83 % 2.67 % Banco Santander via foreign investor accounts - - 4,593,336 3.82 % 1.75 % (*) Total Pampa Group 29,97 On December 31, 2018 the total number of shareholders had risen to 1,508 . |
Basis of presentation for the c
Basis of presentation for the consolidated financial statements | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Basis of presentation for the consolidated financial statements [Abstract] | |
Disclosure of basis of preparation of financial statements [text block] | Note 2 Basis of presentation for the consolidated financial statements 2.1 Accounting period These consolidated financial statements cover the following periods: - Consolidated Statements of Financial Position as of December 31, 2018 and, 2017. - Consolidated Statements of Changes in Equity for the three years ended December 31, 2018. - Consolidated Statements of Comprehensive Income for the three years ended December 31, 2018. - Consolidated Statements of Direct-Method Cash Flows for the three years ended December 31, 2018. 2.2 Consolidated financial statements The consolidated financial statements of Sociedad Química y Minera de Chile S.A. and its Subsidiaries were prepared in accordance with International Financial Reporting Standards (hereinafter “IFRS”) and represent the full, explicit and unreserved adoption of International Financial Reporting Standards as issued by the International Accounting Standards Board (the “IASB”). These consolidated financial statements fairly present the Company’s financial position as of December 31, 2018 and 2017, and the results of operations and cash flows for each of the three years in the period ended on December 31, 2018. IFRS establish certain alternatives for their application. Those applied by the Company are detailed in this Note. The accounting policies used in the preparation of these consolidated annual accounts comply with each IFRS in force at their date of presentation. For the closing date of these consolidated financial statements certain reclassifications have been made for the captions other non-current financial assets, Intangible assets other than goodwill, Goodwill as of December 31, 2017 to correct the prior year presentation. These revisions were not considered material to the previously issued financial statements. A reconciliation of such differences is presented as follows: Balances originally reported as of December 31, 2017 Reclassified balances as of December 31, 2017 Reclassification ThUS$ ThUS$ ThUS$ Assets Investments classified using the equity method of accounting 146,425 152,630 6,205 Intangible assets other than goodwill 105,948 113,787 7,839 Goodwill 44,177 37,972 (6,205 ) Property, plant and equipment 1,437,193 1,429,354 (7,839 ) Total 1,733,743 1,733,743 - In addition, revisions were made to notes 19 and 26. 2.3 Basis of measurement The consolidated financial statements have been prepared on the historical cost basis except for the following: - Inventories are recorded at the lower of cost and net realizable value. - Financial derivatives at fair value; and - Staff severance indemnities and pension commitments at actuarial value - Certain financial investments classified as available for sale measured at fair through other comprehensive income. - Other current and non-current assets and financial liabilities at amortized cost 2.4 Accounting pronouncements New accounting pronouncements a) The following standards, interpretations and amendments are mandatory for the first time for annual periods beginning on January 1, 2018: Standards and Interpretations Mandatory for annual periods beginning on or after IFRS 9 Financial Instruments - Published in July 2014. The IASB published the complete version of IFRS 9, which replaces the guidance in IAS 39. This final version includes requirements regarding the classification and measurement of financial assets and liabilities and a new model for the recognition of expected credit losses that replaces the incurred loss impairment model used today. It also includes the final hedging part of IFRS 9 that was issued in November 2013. 01/01/2018 IFRS 15 Revenue from Contracts with Customers – Published in May 2014. This standard establishes principles for reporting useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. The core principle is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. It replaces IAS 11 Construction Contracts; IAS 18 Revenue; IFRIC 13 Customer Loyalty Programmes; IFRIC 15 Agreements for the Construction of Real Estate; IFRIC 18 Transfers of Assets from Customers; and SIC-31 Revenue-Barter Transactions Involving Advertising Services. 01/01/2018 IFRIC 22 “Foreign Currency Transactions and Advance Consideration”. Published in December 2016. This Interpretation applies to a foreign currency transaction (or part of one) if an entity recognizes a non-financial asset or non-financial liability arising from the payment or receipt of an advance consideration prior to the entity recognizing the related asset, expense or income (or the applicable portion thereof). The interpretation provides a guideline for the transaction date to be used for both single payments/receipts and situations when there are multiple payments/receipts. Its objective is to reduce diversity in practice. 01/01/2018 Amendments and improvements Mandatory for annual periods beginning on or after Amendment to IFRS 2 Share-based Payments. Published in June 2016. The amendment clarifies the measurement basis for cash-settled, share-based payments and the accounting for modifications that change an award from cash-settled to equity-settled. It also introduces an exception to the principles in IFRS 2 that will require an award to be treated as if it was wholly equity-settled, where an employer is obliged to withhold an amount for the employee’s tax obligation associated with a share-based payment. 01/01/2018 Amendment to IFRS 15 “Revenue from Contracts with Customers”. Published in April 2016. The amendment provides clarifications with regard to identifying performance obligations in contracts with customers, accounting for licensing involving intellectual property and assessing principal versus agent considerations (i.e. recording revenue on a gross basis versus the net amount it retains). New and amended illustrative examples have been added for each of those areas of guidance, as well as additional practical expedients related to transition to the new revenue standard. 01/01/2018 Amendment to IAS 28 “Investments in Associates and Joint Ventures” in regard to measuring an associate or joint venture at fair value. Published in December 2016. 01/01/2018 b) Standards, interpretations and amendments issued that had not become effective for financial statements beginning on January 1, 2018 and which the Company has not adopted early are as follows: Standards and Interpretations Mandatory for annual periods beginning on or after On January 13, 2016, the IASB published IFRS 16 Leases. IFRS 16 introduces a comprehensive model to identify lease agreements and accounting treatments for both lessees and lessors. When the application of IFRS 16 goes into effect, it will replace the current lease guidelines including IAS 17 Leases and the related interpretations. IFRS 16 makes a distinction between leases and service contracts based on the fact that an identified asset is controlled by an entity. Under IAS 17, the distinction between operating leases (outside the statement of financial position) and financial leases is removed for the accounting of the lessees, and is replaced by a model where an right-of-use asset and the corresponding liability must be recognized by lessees for all leases, except short-term leases and low-value asset leases. The right-of-use asset is initially measured at cost and subsequently measured at cost (subject to certain exceptions) less accumulated depreciation and impairment losses, adjusted by any remeasurement of the lease liability. The lease liability is initially measured at the present value of the lease payments that have not been paid as of that date. Subsequently, the lease liability is adjusted for interest and lease payments, as well as lease modifications, among others. In addition, the classification of cash flows will also be affected considering that under IAS 17, operating lease payments are presented as operating cash flows; while under the IFRS 16 model, lease payments will be divided between the portion of principal and interest payments, which will be presented as financing and operating cash flows or financing, respectively. In contrast to accounting for lessees, IFRS 16 substantially maintains the accounting requirements of IAS 17 for lessors, and continues to require lessees to classify leases as either operating or financial leases. Additionally, IFRS 16 requires more extensive disclosures. IFRS 16 is effective for annual periods beginning on or after January 1, 2019. Early application is permitted for entities that apply IFRS 15 on or before the initial application of IFRS 16. Entities can apply IFRS 16 using either a retrospective full application approach or a modified retrospective application approach. If the latter approach is chosen, an entity is not required to restate comparative financial information and the cumulative effect of the initial application of IFRS 16 must be presented as an adjustment to the initial balance of retained earnings (or other equity component, when appropriate). 01/01/2019 Standards and Interpretations Mandatory for annual periods beginning on or after IFRIC 23 Uncertainty over Income Tax Treatments. Published in June 2016. This interpretation clarifies how to apply the recognition and measurement requirements in IAS 12, when there is uncertainty over income tax treatments. 01/01/2019 Amendments and improvements Mandatory for annual periods beginning on or after Amendment to IFRS 9 “Financial Instruments”. Published in October 2017. The amendment permits more assets to be measured at amortized cost than under the previous version of IFRS 9, in particular some prepayable financial assets with negative compensation. The assets affected, which include some loans and debt securities, would otherwise have been measured at fair value through profit and loss (FVTPL). For them to qualify for amortized cost measurement, the negative compensation must be “reasonable compensation for early termination of the contract.” 01/01/2019 Amendment to IAS 28 “Investments in Associates and Joint Ventures” Published in October 2017. This amendment clarifies that companies should apply IFRS 9 to account for long-term interests in an associate or joint venture to which the equity method is not applied. The Board IASB has published an example that illustrates how companies should apply the requirements of IFRS 9 and IAS 28 to long-term interests in an associate or joint venture. 01/01/2019 Amendment to IFRS 3 “Business Combinations” Published in December 2017. The amendment clarified that gaining control of a company that is a joint venture deals with a business combination that is achieved in stages. The acquirer must remeasure previously held interests in that business at fair value at the date of acquisition. 01/01/2019 Amendment to IFRS 11 “Joint Arrangements” Published in December 2017. The amendment clarified that when an entity obtains joint control of a business that is a joint operation, the entity does not remeasure previously held interests in that business. 01/01/2019 Amendment to IAS 12 Income Taxes - Published in December 2017. This modification clarified that the income tax consequences of dividends on financial instruments classified as equity should be recognized when the past transactions or events that generated distributable profits were originally recognized 01/01/2019 Amendment to IFRS 23 “Loan Costs” Published in December 2017. This amendment clarifies that the borrowing costs of specific borrowings that remain outstanding after the related qualifying asset is ready for intended use or for sale will be considered as part of the general borrowing costs of the entity. 01/01/2019 Amendment to IAS 19 Employee Benefits - Published in February 2018. The amendment requires entities to use updated assumptions to determine the current service cost and net interest for the remainder of the period after a modification, reduction or settlement of the plan; and to recognize in profit or loss as part of the cost of the past service, or a profit or loss in the settlement, any reduction in a surplus, even if that surplus was not previously recognized because it did not exceed the upper limit of the asset. 01/01/2019 Amendments and improvements Mandatory for annual periods beginning on or after Amendment to IFRS 3 “Definition of a business” Published in October 2018. This amendment revises the definition of a business. Based on the feedback received by the IASB, the application of the current guidance is frequently seen as too complex, and results in too many transactions that qualify as business combinations. 01/01/2020 The following amendment was issued by the IASB and was originally scheduled to take effect in 2016. However, the organization has changed its position and the mandatory effective date is yet to be determined. Management believes the adoption of the standards, interpretations and amendments applicable as of Tuesday, January 1, 2019, will have no significant impact on the Company’s financial statements. IFRS 16, Leases The Company is currently preparing its assessment of the impact of the adoption of IFRS 16. The initial application method of the aforementioned standard chosen by the Company is the modified retrospective approach for which comparatives will not be restated. For contracts qualified as leases under IFRS 16, the following right-of-use assets, among others, are potentially identified: trucks, cranes, excavators, facilities (buildings, warehouses, shops, land), where SQM has the power (control) to direct their activities and to use them during contract term, without the supplier changing the operating instructions. IFRS 15 - Revenue from Contracts with Customers For the adoption of IFRS 15 - Revenue from Contracts with Customers, the Company undertook a detailed assessment of its performance obligations underlying revenue recognition, such as the performance obligation to transport products to customers, in line with the terms and conditions previously established in contracts and there is no significant impact - the performance obligation has been satisfied. With regard to products invoiced with a deferred shipment date, the transfer of control has been assessed over and above the transfer of risks and benefits established in the previous standard and a prepayment is estimated in revenue recognition, without a significant impact. Other considerations were also assessed, such as rebates, discounts, guarantees, financing components and product personalization. Based on this analysis, the Company has concluded that no impact nor significant changes were recognized as a result of applying this new standard, except for the impact on disclosures. The adoption of IFRS 15 was based on the modified retrospective approach for which comparatives were not restated. IFRS 9, Financial Instruments IFRS 9 establishes the requirements for the recognition and measurement of financial assets, financial liabilities and certain contracts for the purchase or sale of non-financial items. This standard replaces IAS 39 Financial Instruments: Recognition and Measurement Classification and measurement of financial assets and financial liabilities IFRS 9 includes three main classification categories for financial assets: measured at amortized cost, at fair value through changes in other comprehensive income (FVTOCI), and at fair value through profit or loss (FVTPL). The classification of financial assets under IFRS 9 is based on the business model in which a financial asset is managed and its contractual cash flow characteristics. IFRS 9 eliminates the previous categories of IAS 39 from held-to-maturity, loans and receivables and available-for-sale. The following is a summary with the classification, measurement and effects by the application of IFRS 9: Financial Assets Measurement Category under IAS 39 Measurement category under IFRS 9 12/31/2017 Total Amount ThUS$ IFRS 9 Adjustment ThUS$ 01/01/2018 Total Amount Restated ThUS$ Description of financial current assets Cash and cash equivalent Amortized cost Amortized cost 630,438 - 630,438 Trade receivables due from related parties Amortized cost Amortized cost 59,132 - 59,132 Financial assets measured at amortized cost Amortized cost Amortized cost 360,941 - 360,941 Loans and receivables measured at amortized cost Amortized cost Amortized cost 446,875 (2,301 ) 444,574 Derivatives held for trading at fair value through profit or loss FVTPL FVTPL 6,038 - 6,038 Non-current Assets Financial assets Amortized cost Amortized cost 45 - 45 Loans and receivables Amortized cost Amortized cost 1,912 - 1,912 Derivatives for hedging purposes FVTOCI FVTOCI 8,910 - 8,910 Financial assets classified as available for sale at fair value through equity Irrevocable FVTOCI FVTOCI 33,924 - 33,924 Total IFRS 9 Adjustment (2,301 ) Financial Liabilities Measurement Category under IAS 39 Measurement category under IFRS 9 12/31/2017 Total Amount ThUS$ IFRS 9 Adjustment ThUS$ 01/01/2018 Total Amount Restated ThUS$ Description of financial Current liabilities Accounts payable to related entities Amortized cost Amortized cost 1,365 1,365 Derivatives for hedging purposes FVTOCI FVTOCI 37,287 37,287 Derivatives at fair value through profit or loss FVTOCI FVTPL 5,979 5,979 Bank loans Amortized cost Amortized cost 163,568 163,568 Obligations to the public Amortized cost Amortized cost 13,494 13,494 Financial liabilities at amortized cost (trade and other payables) Amortized cost Amortized cost 196,280 196,280 Financial Liabilities Non-Current Obligations to the public Amortized cost Amortized cost 1,031,507 1,031,507 Financial liabilities at amortized cost (trade and other payables) Amortized cost Amortized cost - - Deferred tax liabilities 205,904 (621 ) 205,283 Equity Total equity 2,247,468 (1,680 ) 2,245,788 Total IFRS 9 Adjustment (2.301 ) No changes were made to financial liabilities regarding classification and measurement as a result of the adoption of IFRS 9. IFRS 9 introduces a new model of deterioration losses on financial assets, the expected credit loss model, which replaces the loss model incurred under IAS 39. The Company applies the simplified approach described by IFRS 9 for financial losses. expected credit losses of the account portfolio receivable from customers, as they are short-term financial instruments less than 12 months, without a significant financing component and which are held until maturity. This approach allows the use of the estimated credit losses expected over the life of the instrument. Accounts receivable with a low probability of recovery are fully provisioned, while, to measure the expected credit losses of the rest of the portfolio, it is segmented by grouping the commercial accounts receivable based on the characteristics of shared credit risk, and delinquency. The expected loss rates are obtained based on the default rates of the last seven years. To convert the historical loss into projected loss, the behavior of the implicit default probability indicator is used in the prices of financial derivatives that cover the risk of non-payment of sovereign bonds in those countries where the Company generates income from the sale of the product. The application of IFRS 9 had an impact on January 1, 2018 due to the application of the new deterioration model described in the Company's Consolidated Financial Statements of ThUS $ 2,301 (net of deferred taxes ThUS $ 1680), of greater deterioration this amount was taken to equity according to IAS 8. (See Note 13.2). In addition, as a result of the adoption of IFRS 9, a reclassification was made to present gains on reversal (losses) on impairment of financial assets separately from other expenses as function. The corresponding reclassifications for prior periods are described below: Balances originally reported as of December 31, 2017 Reclassified balances as of December 31, 2017 Reclassification as of December 31, 2017 ThUS$ ThUS$ ThUS$ Expenses Other expenses by function (61,638 ) (53,600 ) 8,038 Net gains on reversal (losses) on impairment of financial assets - (8,038 ) (8,038 ) Total (61,638 ) (61,638 ) - Balances originally reported as of December 31, 2016 Reclassified balances as of December 31, 2016 Reclassification as of December 31, 2016 ThUS$ ThUS$ ThUS$ Expenses Other expenses by function (89,731 ) (82,533 ) 7,198 Net gains on reversal (losses) on impairment of financial assets - (7,198 ) (7,198 ) Total (89,731 ) (89,731 ) - 2.5 Basis of consolidation (a) Subsidiaries These are all those entities where Sociedad Química y Minera de Chile S.A. has control over directing their financial and operational policies. This is generally accompanied by a share of more than half of the voting rights. Subsidiaries apply the same accounting policies of their Parent. To account for the acquisition, the Company uses the acquisition method. Under this method the acquisition cost is the fair value of assets delivered, equity securities issued, and liabilities incurred or assumed at the date of exchange. Identifiable assets acquired, and liabilities and contingencies assumed in a business combination are measured initially at fair value at the acquisition date. For each business combination, the Company will measure non-controlling interest of the acquiree either at fair value or as proportional share of net identifiable assets of the acquiree. For more information, please see Note 8.1. Companies included in consolidation: Ownership interest TAX ID Country of 12/31/2018 12/31/2017 No. Foreign subsidiaries origin Functional currency Direct Indirect Total Total Foreign Nitratos Naturais Do Chile Ltda, Brazil US$ 0.0000 100.0000 100.0000 100.0000 Foreign Nitrate Corporation Of Chile Ltd, United Kingdom US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM North America Corp, USA US$ 40.0000 60.0000 100.0000 100.0000 Foreign SQM Europe N.V. Belgium US$ 0.5800 99.4200 100.0000 100.0000 Foreign Soquimich S.R.L. Argentina Argentina US$ 0.0000 100.0000 100.0000 100.0000 Foreign Soquimich European Holding B.V. Netherlands US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Corporation N.V. Netherlands US$ 0.0002 99.9998 100.0000 100.0000 Foreign SQI Corporation N.V. Netherlands US$ 0.0159 99.9841 100.0000 100.0000 Foreign SQM Comercial De México S.A. de C.V. Mexico US$ 0.0100 99.9900 100.0000 100.0000 Foreign North American Trading Company USA US$ 0.0000 100.0000 100.0000 100.0000 Foreign Administración y Servicios Santiago S.A. de C.V. Mexico US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Peru S.A. Peru US$ 0.9800 99.0200 100.0000 100.0000 Foreign SQM Ecuador S.A. Ecuador US$ 0.0040 99.9960 100.0000 100.0000 Foreign SQM Nitratos Mexico S.A. de C.V. Mexico US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQMC Holding Corporation L.L.P. USA US$ 0.1000 99.9000 100.0000 100.0000 Foreign SQM Investment Corporation N.V. Netherlands US$ 1.0000 99.0000 100.0000 100.0000 Foreign SQM Brasil Limitada Brazil US$ 1.0900 98.9100 100.0000 100.0000 Foreign SQM France S.A. France US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Japan Co. Ltd. Japan US$ 0.1597 99.8403 100.0000 100.0000 Foreign Royal Seed Trading Corporation A.V.V. Aruba US$ 1.6700 98.3300 100.0000 100.0000 Foreign SQM Oceania Pty Limited Australia US$ 0.0000 100.0000 100.0000 100.0000 Foreign Rs Agro-Chemical Trading Corporation A.V.V. Aruba US$ 98.3333 1.6667 100.0000 100.0000 Foreign SQM Colombia SAS Colombia US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Australia PTY Australia Australian dollar 0.0000 100.0000 100.0000 100.0000 Foreign SACAL S.A. Argentina Argentine peso 0.0000 100.0000 100.0000 100.0000 TAX ID Country of 12/31/2018 12/31/2017 No. Foreign subsidiaries origin Functional currency Direct Indirect Total Total Foreign SQM Indonesia S.A. Indonesia US$ 0.0000 80.0000 80.0000 80.0000 Foreign SQM Virginia L.L.C. USA US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Italia SRL Italy US$ 0.0000 100.0000 100.0000 100.0000 Foreign Comercial Caimán Internacional S.A. Panama US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Africa Pty. South Africa US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Lithium Specialties LLC USA US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Iberian S.A. Spain US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Beijing Commercial Co. Ltd. China US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Thailand Limited Thailand US$ 0.0000 99.996 99.996 99.996 Foreign SQM Internacional N.V. Belgium US$ 0.5800 99.4200 100.0000 0.0000 Foreign SQM (Shanghai) Chemicals Co. Ltd. China US$ 0.0000 100.0000 100.0000 0.0000 Ownership interest TAX ID Country of 12/31/2017 No. Domestic subsidiaries origin Functional currency Direct Indirect Total Total 96.801.610-5 Comercial Hydro S.A. Chile US$ 0,0000 60,6383 60,6383 60,6383 96.651.060-9 SQM Potasio S.A. Chile US$ 99,9999 0,0000 99,9999 99,9999 96.592.190-7 SQM Nitratos S.A. Chile US$ 99,9999 0,0001 100,0000 100,0000 96.592.180-K Ajay SQM Chile S.A. Chile US$ 51,0000 0,0000 51,0000 51,0000 86.630.200-6 SQMC Internacional Ltda. Chile Ch$ 0,0000 60,6381 60,6381 60,6381 79.947.100-0 SQM Industrial S.A. Chile US$ 99,0470 0,9530 100,0000 100,0000 79.906.120-1 Isapre Norte Grande Ltda. Chile Ch$ 1,0000 99,0000 100,0000 100,0000 79.876.080-7 Almacenes y Depósitos Ltda. Chile Ch$ 1,0000 99,0000 100,0000 100,0000 79.770.780-5 Servicios Integrales de Tránsitos y Transferencias S.A. Chile US$ 0,0003 99,9997 100,0000 100,0000 79.768.170-9 Soquimich Comercial S.A. Chile US$ 0,0000 60,6383 60,6383 60,6383 79.626.800-K SQM Salar S.A. Chile US$ 18,1800 81,8200 100,0000 100,0000 78.053.910-0 Proinsa Ltda. Chile Ch$ 0,0000 60,5800 60,5800 60,5800 76.534.490-5 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. Chile Ch$ 0,0000 100,0000 100,0000 100,0000 76.425.380-9 Exploraciones Mineras S.A. Chile US$ 0,2691 99,7309 100,0000 100,0000 76.064.419-6 Comercial Agrorama Ltda. (a) Chile Ch$ 0,0000 42,4468 42,4468 42,4468 76.145.229-0 Agrorama S.A. Chile Ch$ 0,0000 60,6377 60,6377 60,6377 76.359.919-1 Orcoma Estudios SPA Chile US$ 51,0000 0,0000 51,0000 51,0000 76.360.575-2 Orcoma SPA Chile US$ 100,0000 0,0000 100,0000 100,0000 76.686.311-9 SQM MaG SpA. Chile US$ 0,0000 100,0000 100,0000 100,0000 (a) The Company consolidated Comercial Agrorama Ltda. as it has the control of this company’s relevant activities. Subsidiaries are consolidated using the line-by-line method, adding the items that represent assets, liabilities, revenues, and expenses of similar content, and eliminating those related to intragroup transactions. Profit or loss of subsidiaries acquired or divested during the year are included in profit or loss accounts consolidated from the date control is transferred to the Group, or up to the date control is lost, as applicable. Non-controlling interest represents the equity of a subsidiary not directly or indirectly attributable to the Parent. |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of changes in accounting policies accounting [Abstract] | |
Disclosure of changes in accounting policies, accounting estimates and errors [text block] | Note 3 Significant accounting policies 3.1 Classification of balances as current and non-current In the attached consolidated statement of financial position, balances are classified in consideration of their recovery (maturity) dates; i.e. those maturing within a period equal to or less than 12 months are classified as current counted from the closing date of the consolidated financial statements and those with maturity dates exceeding the aforementioned period are classified as non-current. The exception to the foregoing relates to deferred taxes, which are classified as non-current, regardless of the maturity they have. 3.2 Functional and presentation currency The Company’s consolidated financial statements are presented in United States dollars (“U.S. dollars”), which is the Company’s functional and presentation currency and is the currency of the main economic environment in which it operates. Consequently, the term foreign currency is defined as any currency other than the U.S. dollar. The consolidated financial statements are presented in thousands of United States dollars without decimals. 3.3 Foreign currency translation (a) Group entities: The revenue, expenses, assets and liabilities of all entities that have a functional currency other than the presentation currency are converted to the presentation currency as follows: - Assets and liabilities are converted at the closing exchange rate prevailing on the reporting date. - Revenues and expenses of each profit or loss account are converted at monthly average exchange rates. - All resulting foreign currency translation gains and losses are recognized as a separate component in translation reserves. In consolidation, foreign currency differences arising from the translation of a net investment in foreign entities are recorded in equity (other reserves). At the date of disposal, such foreign currency translation differences are recognized in the statement of income as part of the gain or loss from the sale. The main exchange rates and the adjustment unit used to translate monetary assets and liabilities, expressed in foreign currency at the end of each period in respect to U.S. dollars, are as follows: 12/31/2018 12/31/2017 US$ US$ Brazilian real 3.87 3.02 New Peruvian sol 3.37 3.08 Argentine peso 37.74 18.40 Japanese yen 110.38 113.00 Euro 0.87 0.83 Mexican peso 19.68 19.65 Australian dollar 1.42 1.28 Pound Sterling 0.79 0.74 South African rand 14.35 12.35 Ecuadorian dollar 1.00 1.00 Chilean peso 694.77 614.75 Chinese yuan 6.88 6.51 Indian rupee 69.93 63.84 Thai baht 32.53 32.85 Turkish lira 5.27 3.79 UF (*) 39.68 43.59 (*) The Unidad de Fomento (UF) is an indexed monetary unit used in Chile, calculated based on the variation in the Consumer Price Index (CPI). It is represented as dollars to UF. (b) Transactions and balances Non-monetary transactions in currencies other than the functional currency (Dollar) are translated to the respective functional currencies of Group entities at the exchange rate on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. All differences are recorded in the statement of income except for all monetary items that provide an effective hedge for a net investment in a foreign operation. These items are recognized in other comprehensive income on the divestment, when they are recognized in the statement of income. Charges and credits attributable to foreign currency translation differences on those hedge monetary items are also recognized in other comprehensive income. Non-monetary assets and liabilities that are measured at historical cost in a foreign currency are retranslated to the functional currency at the historical exchange rate of the transaction. Non-monetary items that are measured based on fair value in a foreign currency are translated using the exchange rate at the date on which the fair value is determined. 3.4 Subsidiaries SQM S.A. uses the level of control it has in subsidiaries as a basis to determine their share in the consolidated financial statements. This control consists of the Company’s ability to exercise power in the subsidiary, exposure, or right, to variable performance from its share in the investee and the ability to use its power on the investee to have an influence on the amount of the investor’s performance. The Company prepares the consolidated financial statements using consistent accounting policies for the entire Group. The consolidation of a subsidiary commences when the Company has control over the subsidiary and stops when control ceases. 3.5 Consolidated statement of cash flows Cash equivalents correspond to highly-liquid short-term investments that are easily convertible into known amounts of cash. They are subject to insignificant risk of changes in their value and mature in less than three months from the date of acquisition of the instrument. For the purposes of the statement of cash flows, cash and cash equivalents comprise cash and cash equivalents as defined above. The statement of cash flows includes movements in cash performed during the year, determined using the direct method. 3.6 Financial assets As of January 1, 2018, the Company's Management (the "Administration") determines the classification of its financial assets, in accordance with the provisions of IFRS 9, at fair value (either through other comprehensive income, or through profits or losses), and at amortized cost. The classification depends on the business model of the entity to manage the financial assets and the contractual terms of the cash flows. In the initial recognition, the Company measures its financial assets at fair value more or less, in the case of a financial asset that is not accounted for at fair value through profit or loss, the transaction costs that are directly attributable to the acquisition of the financial asset. In the case of commercial debtors and other accounts receivable, the initial recognition will measure their transaction price in accordance with the provisions of IFRS 15. After initial recognition, the Company measures its financial assets according to the following: i) Financial instruments to Fair Value Through Profit and Loss (FVTPL). A financial asset should be measured at fair value through profit or loss unless it is measured at amortized cost or at Fair Value with changes in Other Comprehensive Income ii) Financial instruments measured at amortized cost. Financial assets that meet the following conditions are included in this category (a) the business model that supports it aims to maintain the financial assets to obtain the contractual cash flows and (b) the Contractual conditions of the financial asset give place, on specified dates, to cash flows that are only payments of the principal and interest on the outstanding principal amount. iii) Financial assets at fair value through other comprehensive income. Equity securities which are not held for trading, and which the group has irrevocably elected at initial recognition to recognise in this category. Until December 31, 2017, the Company determined the classification of its financial assets at the time of initial recognition, based on the basis of the business model for the management of financial assets and the characteristics of the contractual cash flows of the financial assets. financial assets. In accordance with IAS 39, financial assets were initially measured at fair value plus the transaction costs incurred that were directly attributable to the acquisition of the financial asset. Subsequently, financial assets were measured at amortized cost or at fair value. The Company evaluated at the date of each report, whether there was objective evidence that any asset or group of financial assets presented any impairment. An asset or group of financial assets presented a deterioration, if and only if, there was objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset or group of these. In order for impairment to be recognized, the loss event must have an impact on the estimation of future flows of the asset or groups of financial assets. 3.7 Financial liabilities As of January 1, 2018, the Company determines the classification of its financial liabilities, in accordance with the provisions of IFRS 9, at fair value or at amortized cost. The classification depends on the business model of the entity to manage the financial assets and the contractual terms of the cash flows. In the initial recognition, the Company measures its financial liabilities by their fair value more or less, in the case of a financial liability that is not accounted for at fair value through profit or loss, the transaction costs that are directly attributable to the acquisition of the financial liability. After initial recognition, the Company measures its financial liabilities at amortized cost unless the Company, at the initial moment, irrevocably designates the financial liability as measured at fair value through profit or loss. Financial liabilities measured at amortized cost are commercial accounts payable and other accounts payable and other financial liabilities. Until December 31, 2017, the Company determined the classification of its financial liabilities at the time of initial recognition in accordance with the provisions of IAS 39. Financial liabilities at the time of initial recognition were measured at fair value, minus costs of the transaction in which they were incurred and which are directly attributable to the issuance of the financial liability. Subsequently, they were measured at amortized cost using the effective interest method. In the case of financial liabilities that were initially recognized at fair value through profit or loss, they were measured after fair value. 3.8 Reclassification of financial instruments At such time when the Company changes its business model for managing financial assets, it will reclassify those financial assets affected by the new business model. Financial liabilities could not be reclassified. 3.9 Derecognition of financial instruments In accordance with IFRS 9, the Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred; and the control of the financial assets has not been retained. The Company derecognizes a financial liability when its contractual obligations or a part of these are discharged, paid to the creditor or legally extinguished. 3.10 Derivative and hedging financial instruments Derivatives are recognized initially at fair value as of the date on which the derivatives contract is signed and, they are subsequently assessed at fair value. The method for recognizing the resulting gain or loss depends on whether the derivative has been designated as an accounting hedge instrument and, if so, it depends on the type of hedging, which may be as follows: a) Fair value hedge of assets and liabilities recognized (fair value hedges); b) Hedging of a single risk associated with an asset or liability recognized or a highly probable forecast transaction (cash flow hedge). At the beginning of the transaction, the Company documents the relationship that exists between hedging instruments and those items hedged, as well as their objectives for risk management purposes and the strategy to conduct different hedging operations. The Company also documents its evaluation both at the beginning and at the end of each period if the derivatives used in hedging transactions are highly effective to offset changes in the fair value or in cash flows of hedged items. The fair value of derivative instruments used for hedging purposes is shown in Note 14.3 (hedging assets and liabilities). Changes in the cash flow hedge reserve are classified as a non-current asset or liability if the remaining expiration period of the hedged item is more than 12 months, and as a current asset or liability if the remaining expiration period of the entry is less than 12 months. Derivatives that are not designated or do not qualify as hedging derivatives are classified as current assets or liabilities, and changes in the fair value are directly recognized through profit or loss. a) Fair value hedge Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in profit or loss, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. The gain or loss relating to the effective portion of interest rate swaps that hedge fixed rate borrowings is recognized in profit or loss within finance costs, together with changes in the fair value of the hedged fixed rate borrowings attributable to interest rate risk. The gain or loss relating to the ineffective portion is recognized in profit or loss within other income or other expenses. If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged item for which the effective interest method is used is amortized to profit or loss over the period to maturity using a recalculated effective interest rate. b) Cash flow hedges Amounts taken to equity are transferred to profit or loss when the hedged transaction affects profit or loss, as when the hedged interest income or expense is recognized when a projected sale occurs. When the hedged entry is the cost of a non-financial asset or liability, amounts taken to other reserves are transferred to the initial carrying value of the non-financial asset or liability. If the expected firm transaction or commitment is no longer expected to occur, the amounts previously recognized in equity are transferred to profit or loss. If a hedge instrument expires, is sold, finished, or exercised without any replacement, or if a rollover is performed or if its designation as hedging is revoked, the amounts previously recognized in other reserves are maintained in equity until the expected firm transaction or commitment occurs. 3.11 Derivative financial instruments The Company maintains derivative financial instruments to hedge its exposure to foreign currencies. Derivative financial instruments are recognized initially at fair value; attributable transact ion costs are recognized when incurred. Subsequent to initial recognition, any changes in the fair value of such derivatives are recognized in profit or loss as part of gains and losses. The Company permanently assesses the existence of embedded derivatives, both in its contracts and financial instruments, As of December 31, 2018, and December 31, 2017, there were no embedded derivatives. 3.12 Fair value initial measurements From the initial recognition, the Company measures its assets and liabilities at fair value plus or minus transaction costs incurred that are directly attributable to the acquisition of a financial asset or issuance of a financial liability 3.13 Deferred acquisition costs from insurance contracts Acquisition costs from insurance contracts are classified as prepayments and correspond to insurance contracts in force, recognized using the straight-line method and on an accrual basis, and are recognized under other non-financial assets . 3.14 Classification Leases (a) Lease - Finance lease Leases are classified as finance leases when the Company substantially owns all the risks and rewards inherent in the ownership of the asset. Finance leases are capitalized at the commencement of the lease term at the lower of the fair value of the leased asset and the present value of the minimum lease payments. Each finance lease payment is apportioned between the liability and the finance charges so as to obtain the constant rate of interest on the remaining balance of the liability. The respective lease obligations, net of finance charges, are included in other non-current liabilities. The interest part of the finance cost is charged to the consolidated financial statements for the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability for each year. (b) Lease - Operating lease Leases where the lessor retains a significant part of the risks and benefits derived from the property are classified as operating leases. Operating lease payments (net of any incentive received by the lessor) should be recognized as an expense in the income statement or capitalized (as appropriate) over the lease term on a straight-line basis. 3.15 Inventory measurement The method used to determine the cost of inventories is the weighted average monthly cost of warehouse storage. In determining production costs for own products, the company includes the costs of labor, raw materials, materials and supplies used in production, depreciation and maintenance of the goods that participate in the production process, the costs of product movement necessary to maintain stock on location and in the condition in which they are found, and also includes the indirect costs of each task such as laboratories, process and planning areas, and personnel expenses related to production, among others. For finished and in-process products, the company has four types of provisions, which are reviewed quarterly: 1. Provision associated with the lower value of stock, which is directly identified with the product that generates it and involves three types: provision of lower realizable value, which corresponds to the difference between the inventory cost of intermediary or finished products, and the sale price minus the necessary costs to bring them to the same conditions and location as the product with which they are compared; provision for future uncertain use that corresponds to the value of those products in process that are likely not going to be used in sales based on the company’s long-term plans; reprocessing costs of products that are unfeasible for sale due to current specifications. 2. Provision associated with physical differences in inventory: a provision is made for differences that exceed the tolerance considered in the respective inventory process (production units in Chile and the port of Tocopilla carry out at least two inventories a year, the business subsidiaries depend on the last zero ground obtained, but in general it is at least once a year), these differences are recognized immediately. 3. Potential errors in the determination of stock: The company has an algorithm that is reviewed at least once a year and corresponds to diverse percentages assigned to each inventory based on the product, location, complexity involved in the associated measurement, rotation and control mechanisms. 4. Provisions undertaken by business subsidiaries: these are historical percentages that are adjusted as zero ground is attained based on normal inventory management. Inventories of raw materials, materials and supplies for production are recorded at acquisition cost. Cyclical inventories are performed in warehouses, as well as general inventories every three years. Differences are recognized the moment they are detected. The company has a provision that makes quarterly calculations from percentages associated with each type of material (classification by warehouse and rotation). These percentages use the lower value resulting from deterioration or obsolescence as well as potential losses. This provision is reviewed at least annually, and considers the historical profit and loss obtained in the inventory processes. 3.16 Investments in associates and joint ventures Under IFRS 11 Joint Arrangements investments in joint arrangements are classified as either joint operations or joint ventures. The classification depends on the contractual rights and obligations of each investor, rather than the legal structure of the joint arrangement. Joint Ventures and Associates Interests in companies over which joint control is exercised (joint venture) or where an entity has a significant influence (associates) are recognized using the equity method of accounting. Significant influence is presumed to exist when interest greater than 20% is held in the capital of an investee. Under this method, the investment is recognized in the statement of financial position at cost plus changes, subsequent to the acquisition, and considering the proportional share in the equity of the associate. For such purposes, the interest percentage in the ownership of the associate is used. The associated goodwill acquired is included in the carrying amount of the investee and is not amortized. The debit or credit to profit or loss reflects the proportional share in the profit or loss of the associate. Unrealized gains for transactions with affiliates or associates are eliminated according to the Company’s interest percentage in such entities. Unrealized losses are also eliminated, except if the transaction provides evidence of impairment loss of the transferred asset. Changes in the equity of associates are recognized on a proportional basis with a charge or credit to “Other reserves” and classified according to their origin. Reporting dates of the associate, the Company and related policies are similar for equivalent transactions and events under similar circumstances. In the event that the significant influence is lost or the investment is sold or is held as available for sale, the equity method is discontinued, suspending the recognition of the proportional share of profit or loss. If the resulting amount according to the equity method is negative, the share of profit or loss is reflected as zero in the consolidated financial statements, unless a commitment exists by the Company to reinstate the Company’s equity position, in which case the related provision for risks and expenses is recorded. Dividends received by these companies are recorded by reducing the equity value, and the proportional share of profit or loss recognized according to the equity share are included in the consolidated profit or loss accounts in the caption “Equity share of profit (loss) of associates and joint ventures that are accounted for using the equity method of accounting”. Joint Operation Regarding joint operations, the Company recognizes its direct right to the assets, liabilities, revenues and expenses of joint operations and its share of any jointly held or incurred assets, liabilities, revenues and expenses. 3.17 Transactions with non-controlling interests Non-controlling interests are recorded in the consolidated statement of financial position within equity, but separate from equity attributable to the owners of the Parent. 3.18 Related party transactions Transactions between the Company and its subsidiaries are part of the Company’s normal operations within its scope of business activities. Conditions for such transactions are those normally effective for those types of operations with regard to terms and market prices. These transactions have been eliminated in consolidation. The expiration conditions vary according to the originating transaction. 3.19 Property, plant and equipment The assets tangible property, plant and equipment assets are stated at acquisition cost, net of the related accumulated depreciation, amortization and impairment losses that they might have experienced. In addition to the price paid for the acquisition of tangible property, plant and equipment, the Company has considered the following concepts as part of the acquisition cost, as applicable: 1. Accrued interest expenses during the construction period that are directly attributable to the acquisition, construction or production of qualifying assets, which are those that require a substantial period prior to being ready for use. The interest rate used is that related to the project’s specific financing or, should this not exist, the average financing rate of the investor company. 2. The future costs that the Company will have to experience, related to the closure of its facilities at the end of their useful life, are included at the present value of disbursements expected to be required to settle the obligation. Having initially recognized provisions for closure and refurbishment, the corresponding cost is capitalized as an asset in Property, plant and equipment and amortized in line with the amortization criteria for the associated assets. Construction-in-progress is transferred to property, plant and equipment in operation once the assets are available for use and the related depreciation and amortization begins on that date. Extension, modernization or improvement costs that represent an increase in productivity, ability or efficiency or an extension of the useful lives of property, plant and equipment are capitalized as a higher cost of the related assets. All the remaining maintenance, preservation and repair expenses are charged to expense as they are incurred. The replacement of full assets, which increase the asset’s useful life or its economic capacity, are recorded as a higher value of property, plant and equipment with the related derecognition of replaced or renewed elements. Gains or losses which are generated from the sale or disposal of property, plant and equipment are recognized as income (or loss) in the period, and calculated as the difference between the asset’s sales value and its net carrying value. Costs derived from the daily maintenance of property, plant and equipment are recognized when incurred. 3.20 Depreciation of property, plant and equipment Property, plant and equipment are depreciated through the straight-line distribution of cost over the estimated technical useful life of the asset, which is the period in which the Company expects to use the asset. When components of one item of property, plant and equipment have different useful lives, they are recorded as separate assets. Useful lives are reviewed on an annual basis. Fixed assets associated with the Salar de Atacama consider useful life to be the lesser value between the technical useful life and the years remaining until 2030. In the case of mobile equipment, depreciation is performed depending on the hours of operation The useful lives used for the depreciation and amortization of assets included in property, plant and equipment in years are presented below . Classes of property, plant and equipment Minimum life or rate (years) Maximum life or rate (years) life or average rate in years Mining assets 3 8 7 Energy generating assets 3 16 7 Buildings 2 40 11 Supplies and accessories 2 16 6 Office equipment 2 20 6 Transport equipment 2 20 9 Network and communication equipment 3 15 5 IT equipment 2 16 4 Machinery, plant and equipment 1 28 9 Other property, plant and equipment 1 26 6 3.21 Goodwill Goodwill acquired represents the excess in acquisition cost on the fair value of the Company's ownership of the net identifiable assets of the subsidiary on the acquisition date. Goodwill acquired related to the acquisition of subsidiaries is included in goodwill, which is subject to impairment tests annually or more frequently if events or changes in circumstances indicate that it might be impaired, and is stated at cost less accumulated impairment losses. Gains and losses related to the sale of an entity include the carrying value of goodwill related to the entity sold. This intangible asset is assigned to cash-generating units with the purpose of testing impairment losses. It is allocated based on cash-generating units expected to obtain benefits from the business combination from which the aforementioned goodwill acquired arose. 3.22 Intangible assets other than goodwill Intangible assets other than goodwill mainly relate to water rights, emission rights, commercial brands, costs for rights of way for electricity lines, license costs and the development of computer software and mining property and concession rights, client portfolio and commercial agent. (a) Water rights Water rights acquired by the Company relate to water from natural sources and are recorded at acquisition cost. Given that these assets represent legal rights granted in perpetuity to the Company, they are not amortized, but are subject to annual impairment tests. (b) Rights of way for electric lines As required for the operation of industrial plants, the Company has paid rights of way in order to install wires for the different electric lines on third party land. These rights are presented under intangible assets. Amounts paid are capitalized at the date of the agreement and charged to the statement of income, according to the life of the right of way. (c) Computer software Licenses for IT programs acquired are capitalized based on their acquisition and customization costs. These costs are amortized over their estimated useful lives. Expenses related to the development or maintenance of IT programs are recognized as an expense as and when incurred. Costs directly related to the production of unique and identifiable IT programs controlled by the Group, and which will probably generate economic benefits that are higher than its costs during more than a year, are recognized as intangible assets. Direct costs include the expenses of employees who develop information technology software and general expenses in accordance with corporate charges received. The costs of development for IT programs recognized as assets are amortized over their estimated useful lives. (d) Mining property and concession rights The Company holds mining property and concession rights from the Chilean and Australian Governments. Property rights are usually obtained at no initial cost (other than the payment of mining patents and minor recording expenses) and once the rights on these concessions have been obtained, they are retained by the Company while annual patents are paid. Such patents, which are paid annually, are recorded as prepaid assets and amortized over the following twelve months. Amounts attributable to mining concessions acquired from third parties that are not from the Chilean Government are recorded at acquisition cost within intangible assets. (e) Client portfolio The period for exploiting these portfolios is unlimited so they are considered assets with an indefinite useful life and are therefore not subject to amortization. However, they are subjected to an annual impairment test and the corresponding amounts are recorded in the profit or loss. (f) Commercial agent The rights obtained through the acquisition of the commercial agent of Sociedad Agrocom Ltda. corresponded to the fair value of that company’s line of business. The period for exploiting these rights is unlimited so they are considered assets with an indefinite useful life and are therefore not subject to amortization. However, the indefinite useful life is subject to review for every reporting period, to see whether indefinite useful life continues to apply. 3.23 Research and development expenses Research and development expenses are charged to profit or loss in the period in which the expenditure was incurred. 3.24 Prospecting expenses The Company holds mining concessions for exploration and exploitation of ore. The Company gives the following treatment to expenses associated with exploration and assessment of these resources: Caliche Once the rights have been obtained, the Company records the disbursements directly associated with the exploration and assessment of the deposit as an at cost asset. These disbursements include the following items: - Disbursements for geological surveys, drilling, borehole extraction and sampling, activities related to the technical assessment and commercial viability of the extraction, and in general, any disbursement directly related to specific projects where the objective is to find ore resources. If the technical studies determine that the ore grade is not economically viable, the asset is directly charged to profit and loss. If determined otherwise, the asset described above is associated with the extractable ore tonnage which is amortized as it is used. These assets are presented in the other non-current assets category, reclassifying the portion related to the area to by extracted that year as stock. Expenses related to metal exploration are charged to profit or loss in the period in which they are registered. Salar de Atacama exploration expenses are presented in non-current assets in the property, plant and equipment category and correspond mainly to wells that can also be used |
Changes in accounting estimates
Changes in accounting estimates and policies (consistent presentation) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Changes In Accounting Estimates Explanatory [Abstract] | |
Disclosure of changes in accounting estimates [text block] | Note 4 Changes in accounting estimates and policies (consistent presentation) 4.1 Changes in accounting estimates In the preparation of the consolidated financial statements of the Company and subsidiaries, the management has made estimates regarding the useful lives of Properties, Plants and Equipment, assumptions used for the actuarial calculation of employee benefits, contingencies and provisions (for more information, see Note 3.41) 4.2 Changes in accounting policies As of December 31, 2018, the consolidated financial statements of the Company present changes in the accounting policies with respect to the previous period due to application of IFRS 9 and IFRS 15 from January 1, 2018. (for further details refer to Note 2.2) Except as described above, the accounting principles were applied consistently for all periods presented. |
Financial risk management
Financial risk management | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Financial Risk Management Explanatory [Abstract] | |
Disclosure of financial risk management [text block] | Note 5 Financial risk management 5.1 Financial risk management policy The Company’s financial risk management policy is focused on safeguarding the stability and sustainability of the Company and its subsidiaries with regard to all such relevant financial uncertainty components. The Company’s operations are subject to certain financial risk factors that may affect its financial position or results. The most significant risk exposures are market risk, liquidity risk, currency risk, doubtful accounts risk, and interest rate risk, among others. There could also be additional risks, which are either unknown or known but not currently deemed to be significant, which could also affect the Company’s business operations, its business, financial position, or profit or loss. The financial risk management structure includes identifying, determining, analyzing, quantifying, measuring and controlling these events. Management and, in particular, Finance Management, is responsible for constantly assessing the financial risk. The Company uses derivatives to hedge a significant portion of those risks. 5.2 Risk Factors 5.2.1 Credit risk A global economic downturn - and its potentially negative effects on the financial situation of our customers - could extend the payment terms of the Company's receivables by increasing its exposure to credit risk. Although measures are taken to minimize the risk, this global economic situation could mean losses with adverse material effects on the business, financial position or profit and loss of the Company's operations. To mitigate these risks, the Company maintains active control of collection and uses measures such as the use of credit insurance, letters of credit and prepayments for a portion of receivables. Financial investments correspond to time deposits whose maturity date is greater than 90 days and less than 360 days from the date of investment, so they are not exposed to excessive market risks. The credit quality of financial assets that are not past due or impaired can be evaluated by reference to external credit ratings (if available) or historical information on counterparty late payment rates: Financial institution Financial assets Rating Institution 12/31/2018 Moody´s S&P Fitch ThUS$ Banco de Chile Time deposits P-1 A-1 - 7,305 Banco de Crédito e Inversiones Time deposits P-1 A-1 27,428 Banco Itau Corpbanca Time deposits P-2 A-2 61,946 Banco Santander Time deposits - - 432 Banco Estado Time deposits - - 3,602 BBVA Banco Francés Time deposits - - - 84 Nedbank Time deposits P-3 B - 647 JP Morgan US dollar Liquidity Fund Institutional Investment fund deposits - - - 133,809 Legg Mason - Western Asset Institutional Cash Reserves Investment fund deposits - - - 132,108 Total 367,361 Financial institution Financial assets Rating Institution 12/31/2018 Moody´s S&P Fitch ThUS$ Banco Sud Americano 90 days to 1 year - - - 24,898 Banco de Crédito e Inversiones 90 days to 1 year P-1 A-1 - 145,834 Banco Santander 90 days to 1 year P-1 A-1 - 23,124 Banco Itaú-Corpbanca 90 days to 1 year P-2 A-2 - 70,719 Banco Security 90 days to 1 year - - - 27,215 Total 291,790 The following table presents comparative information as of December 2017: Financial institution Financial assets Rating Institution 12/31/2017 Moody´s S&P Fitch ThUS$ Banco BBVA Chile Time deposits P-2 A-2 - 41,860 Banco de Crédito e Inversiones Time deposits P-1 A-1 F1 120,616 Banco Santander - Santiago Time deposits P-1 A-1 F1 35,558 BBVA Banco Francés Time deposits - - - 163 Itau-Corpbanca Time deposits P-2 A-2 - 75,072 JP Morgan US dollar Liquidity Fund Institutional Investment fund deposits - - - 143,333 Legg Mason - Western Asset Institutional Cash Reserves - - Reserves Investment fund deposits - - - 144.464 Scotiabank Sud Americano Time deposit - - 12,520 Nedank Time deposit P-3 B - 3,686 ABN Amro Bank Time deposit - - - 1,439 Total 578,711 Financial institution Financial assets Rating Institution 12/31/2017 Moody´s S&P Fitch ThUS$ Banco BBVA Chile 90 days to 1 year - - - 1,207 Banco de Crédito e Inversiones 90 days to 1 year P-1 A-1 F1 71,748 Banco de Chile 90 days to 1 year 4,834 Banco Itaú-Corpbanca 90 days to 1 year P-1 A-2 - 77,526 Banco Santander - Santiago 90 days to 1 year P-1 A-1 F1 163,269 Morgan Stanley 90 days to 1 year P-2 A-2 F1 4,191 Banco Security 90 days to 1 year - - - 28,592 Scotiabank Sud Americano 90 days to 1 year - - AA 13,765 Total 365,132 5.2.2 Currency risk The functional currency of the Company is the US Dollar, due to its influence on the determination of price levels, its relation to the cost of sales and considering that a significant part of the Company’s business is conducted in this currency. However, the global nature of the Company's business generates an exposure to exchange rate variations of several currencies with the US Dollar. Therefore, the Company maintains hedge contracts to mitigate the exposure generated by its main mismatches (net between assets and liabilities) in currencies other than the US dollar against the exchange rate variation, updating these contracts periodically depending on the amount of mismatching to be covered in these currencies. Occasionally, subject to the approval of the Company’s Board of Directors (the “Board”), the Company ensures short-term cash flows from certain specific line items in currencies other than the US Dollar. A significant portion of the Company’s costs, especially salary payments, is associated with the Chilean peso (the “Peso”). Therefore, an increase or decrease in its exchange rate with the US Dollar would affect the Company's profit and loss. By the fourth quarter, approximately US$400 million accumulated in expenses are associated with the Peso. A significant part of the effect of these liabilities on the Statement of Financial Position is covered by derivative instrument operations that cover the balance sheet mismatch. As of December 31, 2018, the Company held derivative instruments classified as hedges of foreign exchange risks associated with all of the bond liabilities denominated in UF, for a fair value of US$3.9 As of December 31, 2018, the exchange rate value for equivalent Pesos to US Dollars was Ch$694.77 per US Dollar, and as of December 31, 2017, it was Ch$614.75 per US Dollar. 5.2.3 Interest rate risk Interest rate fluctuations, primarily due to the uncertain future behavior of markets, may have a material impact on the financial results of the Company. The Company maintains current and non-current financial debt valued at the LIBOR rate plus spread. As of December 31, 2018, the Company has around 5% of its financial liabilities linked to variations in the LIBOR rate and therefore any significant increases in that rate would impact its financial position. A change of 100 base points over that rate could generate variations in finance costs of around US$0.06 million. Additionally, as of December 31, 2018, the Company does not maintain maturities of less than 12 months on all capital of the financial debt, thereby reducing exposure to variations in interest rates. 5.2.4 Liquidity risk Liquidity risk relates to the funds needed to comply with payment obligations. The Company’s objective is to maintain financial flexibility through a comfortable balance between fund requirements and cash flows from regular business operations, bank borrowings, bonds, short term investments, and marketable securities, among others. The Company has an important capital expense program which is subject to change over time. On the other hand, world financial markets go through periods of contraction and expansion that are unforeseeable in the long-term and may affect SQM’s access to financial resources. Such factors may have a material adverse impact on the Company’s business, financial position and results of operations. SQM constantly monitors the matching of its obligations with its investments, taking due care of maturities of both, from a conservative perspective, as part of this financial risk management strategy. As of December 31, 2018, the Company had unused, available revolving credit facilities with banks, for a total of approximately US$481 million. The position in other cash and cash equivalents generated by the Company are invested in highly liquid mutual funds with an AAA risk rating. Nature of undiscounted cash flows As of December 31, 2018 Carrying amount Less than 1 year 1 to 5 years Over 5 years Total (in millions of US$) Other non-derivative financial liabilities Bank borrowings 70.25 4.10 79.66 - 83.76 Unsecured obligations 1,273.07 61.37 823.76 713.60 1,598.73 Subtotal 1,343.32 65.47 903.42 713.60 1,682.49 Other derivative financial liabilities Hedging liabilities (14.34 ) 5.52 15.64 29.27 50.43 Derivative financial instruments 0.16 0.16 - - 0.16 Subtotal (14.18 ) 5.68 15.64 29.27 50.59 Trade accounts payable and other accounts payable 163.75 163.17 0.58 - - Total 1,492.89 234.32 919.64 742.87 1,733.08 Nature of undiscounted cash flows As of December 31, 2017 Carrying amount Less than 1 year 1 to 5 years Over 5 years Total (in millions of US$) Other non-derivative financial liabilities Bank borrowings 163.57 164.78 - - 164.78 Unsecured obligations 1,054.89 47.45 522.52 751.67 1,321.64 Subtotal 1,218.46 212.23 522.52 751.67 1,486.42 Other derivative financial liabilities Hedging liabilities 28,38 37.01 (9.51 ) (18.36 ) 9.14 Derivative financial instruments 0,80 0.80 - - 0.80 Subtotal 29,18 37.81 (9.51 ) (18.36 ) 9.94 Trade accounts payable and other accounts payable 196,28 196.18 0.10 - - Total 1,247.64 446.22 513.11 733.31 1,496.36 5.3 Risk measurement The Company has methods to measure the effectiveness and efficiency of financial risk hedging strategies, both prospectively and retrospectively. These methods are consistent with the risk management profile of the Group. |
Background of companies include
Background of companies included in consolidation | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Background of companies included in consolidation [Abstract] | |
Background of companies included in consolidation [Text Block] | Note 6 Background of companies included in consolidation 6.1 Parent’s stand-alone assets and liabilities 12/31/2018 12/31/2017 ThUS$ ThUS$ Assets 3,737,892 3,658,528 Liabilities (1,652,401 ) (1,470,707 ) Equity 2,085,491 2,187,821 6 .2 Parent entity Pursuant to Article 99 of Law No. 18,045 of the Securities Market (the "Securities Market Law"), the Commission for Financial Market (the "CMF") may determine that a company does not have a controller in accordance with the distribution and dispersion of its ownership. On November 30, 2018, the CMF issued the ordinary letter No. 32.131 whereby it determined that Sociedad de Inversiones Pampa Calichera S.A., Potasios de Chile S.A. and Inversiones Global Mining (Chile) Limitada (the "Pampa Group"), do not exert decisive power over the management of the Company since it does not have a predominance in the ownership that allows it to make management decisions. Therefore, the CMF has determined not to consider Grupo Pampa the controller of the Company and that the Company does not have a controller given its current ownership structure. 6.3 Background on non-controlling interests Subsidiary % of interests in the ownership held by non-controlling interests, Profit (loss) attributable to non- controlling interests Equity, non-controlling interests Dividends paid to non- controlling interests 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2018 12/31/2017 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Proinsa Ltda. 0.1 % - - - - - - SQM Potasio S.A. 0.0000001 % - - - - - - Ajay SQM Chile S.A. 49 % 1,176 1,023 8,659 8,306 823 989 SQM Indonesia S.A. 20 % - - 1 1 - - Soquimich Comercial S.A. 39.3616784 % 1,375 100 41,855 49,247 8,910 1,264 Comercial Agrorama Ltda. 30 % (318 ) (403 ) (481 ) (184 ) - - Agrorama S.A. 0.001 % - - - - - - Orcoma Estudios SPA 49 % - - 2,277 2,277 - - SQM (Thailand) Limited. 0.004 % - - - - - - Total 2,233 720 52,311 59,647 9,733 2,253 |
Board of Directors, Senior Mana
Board of Directors, Senior Management and Key management personnel | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of information about Board of Directors Senior Management and Key management personnel [Abstract] | |
Disclosure of Information About Board of Directors Senior Management and Key management personnel [Text Block] | Note 7 Board of Directors, Senior Management and Key management personnel 7.1 Board of Directors and Senior Management 1) Board of directors SQM S.A. is managed by a Board of Directors which is composed of 8 regular directors, 2 of whom are independent directors, who are elected for a three-year period. The present Board of Directors was elected by the shareholders at the Ordinary Shareholders' Meeting on April 27, 2018. On December 5, 2018, directors Darryl Stann and Mark F. Fracchia presented their resignations to the Board of Directors, and to date no replacements have been named. As of December 31, 2018, the Company has the following Committees: - Directors’ Committee: This committee comprises Hernán Büchi Buc, Laurence Golbome Riveros and Alberto Salas Muñoz and fulfills the functions established in Article 50 bis of Chilean Law no. 18.046 on publicly-held corporations. - The Company’s Health, Safety and Environmental Matters Committee: This committee comprises Arnfinn F. Prugger, Patricio Contesse Fica and Gonzalo Guerrero Yamamoto. - Corporate Governance Committee: Comprised of Hernán Büchi Buc. In the session held in December 2018, in consideration of the resignation of directors Darryl Stann and Mark F. Fracchia, the Board of Directors decided move forward on issues pertaining to this committee. During the periods covered by these financial statements, there are no pending balances receivable and payable between the Company, its directors or members of Senior Management, other than those related to remuneration, fee allowances and profit-sharing. In addition, there were no transactions conducted between the Company, its directors or members of Senior Management. 2) Directors’ Compensation Directors’ compensation is detailed as follows: a) The payment of a fixed, gross and monthly amount of UF 400 in favor of the Chairman of the Board of Directors of SQM S.A. and of UF 350 in favor of the remaining seven Directors of SQM S.A. and regardless of the number of Board of Directors’ Meetings held or not held during the related month. b) A payment in domestic currency in favor of the Chairman of the Company’s Board of Directors consisting of a variable and gross amount equivalent to 0.12% of profit for the period effectively earned by the Company during the 2018 fiscal year. c) A payment in domestic currency in favor of each Company’s directors excluding the Chairman of the Board, consisting of a variable and gross amount equivalent to 0.06% of profit for the period effectively earned by the Company during the 2018 fiscal year. d) The fixed and variable amounts indicated above cannot be altered and those expressed in percentages will be paid after the related General Shareholders’ Meeting of SQM S.A. approves the Balance Sheet, Financial Statements, Annual Report, the Account Inspectors’ Report and Independent Auditor’s Report of SQM S.A. for the commercial year ended December 31, 2018. e) The amounts expressed in UF will be paid in accordance with the value determined by the Chilean Superintendence of Banks and Financial Institutions (SBIF), the Central Bank of Chile (Banco Central de Chile) or another relevant institution replacing them during the last day of the calendar year applicable. The amounts reflected in or referred to in U.S. dollars will be converted to Chilean pesos and paid in Chilean pesos in accordance with the exchange rate in force when the dividend for the 2018 fiscal year is paid. f) Therefore, the remunerations and profit sharing paid to members of the Board of Directors and Audit Committee as of December 31, 2018, amount to ThUS$3,791, and ThUS$ 3,231 as of December 31, 2017. 3) Directors’ Committee The remuneration of the Directors Committee comprises: a) The payment of a fixed, gross and monthly amount of UF 113 in favor of each of the 3 directors that are members of the Directors’ Committee, regardless of the number of meetings of the Directors’ Committee that have or have not been held during the month concerned. b) The payment in domestic currency and in favor of each of the 3 directors of a variable and gross amount equivalent to 0.02% of total net profit that the Company effectively obtains during the 2018 fiscal year. c) Approval of a budget for operating costs for the Directors’ Committee equal to the total of their joint annual remunerations plus ThUS$825. d) The fixed and variable amounts indicated above cannot be altered and those expressed in percentages will be paid after the related General Shareholders’ Meeting of SQM S.A. approves the Balance Sheet, Financial Statements, Annual Report, the Account Inspectors’ Report and Independent Auditor’s Report of SQM S.A. for the commercial year ended December 31, 2018. e) The amounts expressed in UF will be paid in accordance with the value determined by the Chilean Superintendence of Banks and Financial Institutions (SBIF), the Central Bank of Chile (Banco Central de Chile) or another relevant institution replacing them during the last day of the calendar year applicable. The amounts reflected in or referred to in U.S. dollars will be converted to Chilean pesos and paid in Chilean pesos in accordance with the exchange rate in force when the dividend for the 2018 fiscal year is paid. 4) Health, Safety and Environmental Matters Committee: The remuneration for this committee is composed of the payment of a fixed, gross and monthly amount of UF 50 5) Corporate Governance Committee The remuneration for this committee is composed of the payment of a fixed, gross, monthly amount of UF 50 . 6) No guarantees have been constituted in favor of the directors. 7) Senior management compensation: a) As of December 31, 2018, the global compensation paid to the 123 main executives amounts to ThUS$27,907, the global compensation paid to the 115 main executives as of December 31, 2017 amounted to ThUS$27,367. This includes monthly fixed salary and variable performance bonuses. b) SQM S.A. has an annual bonus plan based on goal achievement and individual contribution to the Company’s results. These incentives are structured as a minimum and maximum number of gross monthly salaries and are paid once a year. c) The Company also has retention bonuses for its executives. The value of these bonuses is linked to the Company's stock price and is payable in cash during the first quarter of 2021 (see Note 18.6). 8) No guarantees have been constituted in favor of the Company’s management. 9) The Company’s Managers and Directors do not receive or have not received any benefit during the period ended December 31, 2018 and the year ended December 31, 2017 or compensation for the concept of pensions, life insurance, paid time off, profit sharing, incentives, or benefits due to disability other than those mentioned in the preceding points. 7.2 Key management personnel compensation As of December 31, 2018, there are 123 people occupying key management positions and 115 as of December 31, 2017. 12/31/2018 12/31/2017 ThUS$ ThUS$ Key management personnel compensation (1) 27,907 27,367 (1) Corresponds to a number of executives (see Note 7.1 number 3) a). |
Equity-accounted investees
Equity-accounted investees | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Equity-accounted investees [Abstract] | |
Disclosure of investments accounted for using equity method [text block] | Note 8 Equity-accounted investees 8.1 Investments in associates recognized according to the equity method of accounting As of December 31, 2018 and December 31, 2017, in accordance with criteria established in Note 3.19, investment in associates recognized according to the equity method of accounting and joint ventures are as follows: Associates Equity-accounted investees Share in profit (loss) of associates and joint ventures accounted for using the equity method Share in other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax Share in total other comprehensive income of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sales de Magnesio Ltda. - - - - 514 - - - - 514 Abu Dhabi Fertilizer Industries WWL 10,821 15,936 596 1,483 1,482 - - 596 1,483 1,482 Doktor Tarsa Tarim Sanayi AS 21,582 21,788 241 6,427 4,026 489 - 730 6,427 4,616 Ajay North America 14,951 14,432 3,728 3,677 2,794 - - 3,728 3,677 2,794 Ajay Europe SARL 7,845 8,144 1,373 1,049 1,132 (439 ) 26 934 1,075 1,126 Charlee SQM Thailand Co, Ltd, - 2,301 316 393 244 - - 316 393 244 SQM Eastmed Turkey, 310 - 370 (25 ) - (21 ) - 349 (25 ) - Kore Potash Ltd, 20,467 20,000 (1,543 ) - - (1,206 ) - (2,749 ) - - Total 75,976 82,601 5,081 13,004 10,192 (1,177 ) 26 3,904 13,030 10,776 Associate Description of the nature of the relationship Domicile Country of incorporation Share of ownership in associates Dividends received 12/31/2018 12/31/2017 ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL Distribution and commercialization of specialty plant nutrients in the Middle East. PO Box 71871, Abu Dhabi United Arab Emirates 37 % 5,641 - Doktor Tarsa Tarim Sanayi AS Distribution and commercialization of specialty plant nutrients in Turkey. Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya Turkey 50 % - - Ajay North America Production and distribution of iodine derivatives. 1400 Industry RD Power Springs GA 30129 United States 49 % 2,807 1,123 Ajay Europe SARL Production and commercialization of iodine derivatives. Z.I. du Grand Verger BP 227 53602 Evron Cedex France 50 % 811 968 SQM Eastmed Turkey Production and commercialization of specialty products. Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya Turkey 50 % - - Charlee SQM Thailand Co. Ltd. Distribution and commercialization of specialty plant nutrients. 31 Soi 138 (Meesuk) LLapdrawrd, Bangkapi, 10240 Bangkok Thailand 40 % 362 - Kore Potash Ltd. Prospecting, exploration and mining development. L 3 88 William St Perth, was 6000 Australia 17,52 % - - Total 9,621 2,091 The companies described in the table below are related parties of the following associates: (1) Doktor Tarsa Tarim Sanayi AS (2) Terra Tarsa B.V (3) Abu Dhabi Fertilizer Industries WWL Company Description of the nature of the relationship Domicile Country of incorporation Share of ownership in associates Dividends received Terra Tarsa B.V. (1) Distribution and trading of specialty plant nutrients, Herikerbergweg 238, Luna Arena, 1101CM Amsterdam PO Box 23393, 1100DW Amsterdam Zuidoost Holland 50 % - - Plantacote N.V. (1) Sale of CRF and production and sales of WSNPK Houtdok-Noordkaai 25a, 2030 Antwerpen, Belgium Belgium 100 % - - Doktolab Tarim Arastima San, Tic As (1) Laboratory services 27, Cd, No:2, 07190 Aosb 2, Kısım/Döşemealtı, Antalya, Turkey Turkey 100 % - - Terra Tarsa Ukraine LLC (2) Distribution and trading of specialty plant nutrients, 74800 Ukraine, Kakhovka, 4 Yuzhnaya Str, Ukraine 100 % - - Terra Tarsa Don LLC (2 Distribution and sale of specialty fertilizers Zorge Street, house 17, 344090, Rostov-on-Don Russian Federation 100 % - - Internacional Technical and Trading Agenies Co. WLL (3) Distribution and trading of specialty plant nutrients, in the Middle East P.O Box: 950918 Amman 11195 Jordania 50 % - - Total - - 8.2 Assets, liabilities, revenue and expenses of associates 12/31/2018 Associate Assets Liabilities Revenue Gain (loss) from continuing operations Other comprehensive income Comprehensive income Current Non-current Current Non-current ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 32,093 2,847 5,695 - 33,098 1,611 (1 ) 1,610 Doktor Tarsa Tarim Sanayi AS 66,498 12,242 27,067 8,509 74,144 481 978 1,459 Ajay North America 21,644 12,409 3,542 - 40,290 7,608 - 7,608 Ajay Europe SARL 21,219 1,214 6,743 - 36,337 2,747 (878 ) 1,869 SQM Eastmed Turkey 1,724 2,160 1,829 1,434 3,192 740 (42 ) 698 Kore Potash Ltd. 6,659 148,426 2,180 - - (8,198 ) (6,882 ) (15,080 ) Total 149,837 179,298 47,056 9,943 187,061 4,989 (6,825 ) (1,836 ) 12/31/2017 Associate Assets Liabilities Revenue Gain (loss) from continuing operations Other comprehensive income Comprehensive income Current Non-current Current Non-current ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 44,801 2,032 3,764 - 35,131 4,008 (4 ) 4,004 Doktor Tarsa Tarim Sanayi AS 81,057 10,731 36,960 11,251 75,269 12,854 (4,367 ) 8,487 Ajay North America 19,426 12,498 2,470 - 36,185 7,505 - 7,505 Ajay Europe SARL 23,555 1,266 8,534 - 32,310 2,098 2,208 4,306 Charlee SQM Thailand Co. Ltd. 8,585 712 3,292 255 13,618 981 414 1,395 SQM Eastmed Turkey 3,981 2,671 4,487 2,260 2,389 (49 ) (12 ) (61 ) Total 181,405 29,910 59,507 13,766 194,902 27,397 (1,761 ) 25,636 12/31/2016 Associate Assets Liabilities Revenue Gain (loss) from continuing operations Other comprehensive income Comprehensive income Current Non-current Current Non-current ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 37,801 2,104 3,843 - 41,442 4,005 - 4,005 Doktor Tarsa Tarim Sanayi AS 68,449 5,984 39,729 1,281 83,905 8,052 1,180 9,232 Ajay North America 18,844 11,633 3,015 - 35,715 5,702 - 5,702 Ajay Europe SARL 20,675 1,361 7,290 - 33,319 2,265 (13 ) 2,252 Charlee SQM Thailand Co. Ltd. 6,264 591 2,448 - 12,065 609 - 609 SQM Eastmed Turkey 727 2,265 719 2,362 833 (200 ) - (200 ) Total 152,760 23,938 57,044 3,643 207,279 20,433 1,167 21,600 8.3 Other information The Company has no participation in unrecognized losses in investments in associates. 8.4 Disclosures on interest in associates a) Transactions conducted in 2018: During the first quarter, SQM S.A. increased its capital in Kore Potash Ltd, by ThUS$ 3,000. In March 2018, the company Abu Dhabi Fertilizer Industries WLL paid dividends of ThUS$ 10,890. 50% of the distributed dividend was charged to retained earnings subsequent to 2014, in line with the Company’s statutes that establish that 37% of the distributed dividend corresponds to SQM. The remaining 50% was charged to retained earnings generated between 2004 and 2014, in line with the Company’s statutes that establish that 50% of the distributed dividend corresponds to SQM. In March 2018, the company Ajay North America paid dividends of ThUS$ 1,432. In June 2018, the associate company Doktor Tarsa Tarim, made a capital increase of 86 million Turkish Lira (ThUS$ 18,753), which was generated by the reclassification of retained earnings. In June 2018, the company Abu Dhabi Fertilizer Industries WWL paid dividends of ThUS$ 4,348. 50% of the distributed dividend was charged to retained earnings subsequent to 2014, in line with the Company’s statutes that establish that 37% of the distributed dividend corresponds to SQM. The remaining 50% was charged to retained earnings generated between 2004 and 2014, in line with the Company’s statutes that establish that 50% of the distributed dividend corresponds to SQM. In June 2018, the company Ajay North America paid dividends of ThUS$1,432. In June 2018, the company Ajay North Europe SARL paid dividends of ThUS$1,622. In June 2018, the company Charlee SQM Thailand Co. Ltd. paid dividends of ThUS$906. In September 2018, the company Ajay North America paid dividends of ThUS$1,432. In September 2018, the company Ajay North America paid total dividends of ThUS$1,432. On November 14, 2018, Soquimich European Holdings B.V. sold its share in Charlee SQM Thailand Co. Ltd., generating a loss of ThUS$759. In December 2018 the company Ajay North America paid total dividends of ThUS$1.432. b) Transactions conducted in 2017: As of December 31, 2017, a capital increase was registered for Plantacote N.V. in a sum of ThUS$4,208 (equivalent to Th€ 3,500 |
Joint Ventures
Joint Ventures | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Joint Ventures Explanatory [Abstract] | |
Disclosure of joint ventures [text block] | Note 9 Joint Ventures 9.1 Policy for the accounting of equity accounted investment in joint ventures The method for recognizing joint ventures is that in which participation is initially recorded at cost, and subsequently adjusted, considering changes after the acquisition in the portion of the entity’s net assets that correspond to the investor. Profit or loss for the period will include the portion of the entity’s entire profit or loss that correspond to the investor. For these joint ventures there is no quoted market price to measure these investments. (See Note 3.20) There are no significant restrictions on these joint ventures for the transfer of funds as payment of dividends or others. At the date of issuance of these financial statements, SQM is not aware of the existence of any significant contingent liabilities associated with the partnerships in joint ventures. 9.2 Disclosures of interest in joint ventures a) Operations conducted in 2018 During the first quarter of 2018, Minera Exar S.A. increased its capital by ThUS$13,000. The entity is a joint venture and contributions were made on January 25, 2018 (ThUS$6,000) and February 14, 2018 (ThUS$7,000) by SQM Potasio S.A. and Lithium Americas Corporation (LAC). Both partners share 50% ownership of the respective company, each contributing the same share in these capital increases. In April 2018, Minera Exar made a new capital increase of ThUS$7,000, which was contributed in equal parts by its partners. On March 14, 2018, the company SQM Vitas Plantacote B.V. was closed. As of the date of the presentation of these financial statements, Minera Exar S.A. has changed its functional currency from the Argentine peso to the United States dollar. On May 15, 2018, the subsidiary Soquimich European Holdings BV, signed a joint venture agreement with PAVONI & C., SpA in Italy. US$6.8 million were paid for a 50% share. The goodwill generated in the purchase of this joint venture was ThUS$3,206. In D , SQM S.A. sold the share it held in S.A. generating a pre-tax profit of ThUS$ , which was presented in the Consolidated Statement of Income by Function in Other gains (losses) (See Note The subsidiary SQM Industrial S.A., has recorded an impairment loss of ThUS$8,802, corresponding to its Sichuan SQM-Migao Chemical Fertilizer Co. Ltd. joint venture. The impairment is disclosed by deducting the value of the aforementioned investment, in the caption “Equity method investments". b) Operations conducted in 2017 On December 1, 2017, SQM Potasio S.A. recognized the goodwill value generated by the acquisition of 50% of the joint venture Minera Exar S.A. in the amount ThUS$6,205. On October 6, 2017, a capital contribution of ThUS$13,300 (ThARS230,422,5) was made in mining company EXAR S.A., which is 50% owned by the subsidiary SQM Potasio S.A. The functional currency of EXAR S.A. is the Argentine peso (ARS). This contribution had no impact on the Company's consolidated results. 9.3 Investment in joint ventures accounted for under the equity method of accounting Country of Share of interest in Dividends received Joint venture Description of the nature of the relationship Domicile incorporation ownership 12/31/2018 12/31/2017 ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltda. Production and distribution of soluble fertilizers, Huangjing Road, Dawan Town, Qingbaijiang District, Chengdu Municipality, Sichuan Province China 50 % - - Coromandel SQM India Production and distribution of potassium nitrate, 1-2-10 Sardar Patel Road, Secunderabad – 500003 Andhra Pradesh India 50 % - - SQM Vitas Fzco. Production and commercialization of specialty plant and animal nutrition and industrial hygiene, Jebel ALI Free Zone P.O. Box 18222, Dubai United Arab Emirates 50 % - - SQM Star Qingdao Corp Nutrition, Co. Ltd. Production and distribution of nutrient plant solutions with specialties NPK soluble Longquan Town, Jimo City, Qingdao Municipality, Shangdong Province China 50 % - - SQM Vitas Holland B.V. (1) Without information Herikerbergweg 238, 1101 CM Amsterdam Zuidoost Holland 50 % - - Pavoni & C. Spa Production of specialized fertilizers and other products for distribution in Italy and other countries Corso Italia 172, 95129 Catania (CT), Sicily Italy 50 % - - Covalent Lithium Pty Ltd. development and operation of the Mt Holland Lithium project, which will include the construction of a lithium extraction and refining mine L18, 109 St. Georges Tce Perth WA 6000 PO Box Z5200 St Georges Tce Perth WA 6831 Australia 50 % - - Minera Exar S.A. Exploration and exploitation of minerals, processing and trading of such minerals Dr. Sabín 1082 Ciudad de Nieva – San Salvador de Jujuy- Jujuy- República Argentina Argentina 50 % - - (1) During May 2016, SQM Vitas Holland B.V. sold its interest in SQM Vitas Spain, to SQM Iberian S.A. resulting in the latter obtaining 100% in this transaction generating a loss of ThUS$104. The companies described in the following table are related to the following joint ventures: (1) SQM Vitas Fzco. (2) Pavoni & C Spa. (3) SQM Vitas Holland B.V. Domicile Country of incorporation Share of interest in ownership Dividends received SQM Vitas Brazil Agroindustria (1) Production and commercialization of specialty plant and animal nutrition and industrial hygiene, Via Cndeias, Km, 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia, Brazil 49.99 % - - SQM Vitas Peru S.A.C (1), Production and commercialization of specialty plant and animal nutrition and industrial hygiene Av, Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima Peru 50 % - - Arpa Speciali S.R.L. (2) Production of specialty fertilizers and other products for distribution in Italy and other countries. Mantova (MN) via Cremona 27 Int. 25 Italy 50.48 % - - SQM Vitas Plantacote B.V. (3) Production and commercialization of controlled-released fertilizers Herikerbergweg 238, 1101 CM Amsterdam Zuidoost Holland 50 % - - Joint Venture Final reporting period date Accounting method Coromandel SQM India December 31, 2018 Equity method SQM Vitas Fzco. December 31, 2018 Equity method SQM Star Qingdao Corp Nutrition Co., Ltd. December 31, 2018 Equity method SQM Vitas Brazil Agroindustria December 31, 2018 Equity method SQM Vitas Perú S.A.C. December 31, 2018 Equity method SQM Vitas Holland B.V. December 31, 2018 Equity method Pavoni & C. Spa. December 31, 2018 Equity method Arpa Speciali S.R.L. December 31, 2018 Equity method Covalent Lithium Pty Ltd. December 31, 2018 Equity method Joint Venture Equity-accounted investees Share in profit (loss) of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (1) 1,992 11,444 12,150 (650 ) (535 ) (1,372 ) Coromandel SQM India 1,729 1,633 1,499 174 165 435 SQM Vitas Fzco. 20,202 19,478 17,956 1,781 1,502 3,458 SQM Star Qingdao Corp. Nutrition Co. Ltd. 3,168 2,980 2,618 188 361 163 SQM Vitas Holland 1,345 1,429 1,269 (14 ) (18 ) 171 Minera Exar S.A. (1) - 33,065 25,000 (206 ) (27 ) - Pavoni & C., Spa 7,084 - - (39 ) - - Covalent Lithium Pty Ltd. 53 - - 36 - - Total 35,573 70,029 60,492 1,270 1,448 2,855 Joint Venture Share on other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax Share on total other comprehensive income of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (1) - - - (650 ) (535 ) (1,372 ) Coromandel SQM India - - - 174 165 435 SQM Vitas Fzco. - (5 ) 449 1,781 1,497 3,907 SQM Star Qingdao Corp. Nutrition Co. Ltd. 1 - - 189 361 163 SQM Vitas Holland - - - (14 ) (18 ) 171 Minera Exar S.A. (1) (1 ) - - (206 ) (27 ) - Pavoni & C., Spa - - - (40 ) - - Covalent Lithium Pty Ltd. - - - 53 - - Total - (5 ) 449 1,287 1,443 3,304 (1) As of December 31, 2018, the table below does not present investments in joint ventures transferred to the item non-current assets or groups of assets classified as held for sale. For more information, see Note 31. Joint Venture Equity-accounted investees Share in profit (loss) of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brazil Agroindustria (1) 12,405 11,003 9,343 2,879 1,753 4,570 SQM Vitas Peru S.A.C (1) 5,188 5,961 5,964 (550 ) (216 ) 815 SQM Vitas Plantacote B.V. (2) - 669 588 - (1 ) 187 Arpa Speciali S.R.L. (3) 122 - - (88 ) - - Total 17,715 17,633 15,895 2,241 1,536 5,572 Joint Venture Share in other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax Share in total other comprehensive income of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brazil Agroindustria (1) (661 ) (51 ) 2,845 779 826 5,130 SQM Vitas Peru S.A.C (1) - - - (275 ) (108 ) 408 SQM Vitas Plantacote B.V. (2) - - - - (1 ) (80 ) Arpa Speciali S.R.L. (3) - - - - - - Total (661 ) (51 ) 2,845 504 717 5,458 The following companies are subsidiaries of (1) SQM Vitas Fzco. (2) SQM Vitas Holland (3) Pavoni &C.SPA 9.4 Assets, liabilities, revenue and expenses from joint ventures: 12/31/2018 Joint Venture Assets Liabilities Gain (loss) from Other Current Non-current Current Non-current Revenue continuing operations comprehensive income Comprehensive income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ - Sichuan SQM Migao Chemical Fertilizers Co. Ltd. 28,699 6,098 13,281 - 12 (1,372 ) - (1,372 ) Coromandel SQM India 5,656 852 3,050 - 11,605 348 - 348 SQM Vitas Fzco. 25,489 17,592 2,678 - 16,583 3,561 1 3,562 SQM Star Qingdao Corp. Nutrition Co. Ltd. 7,754 114 1,533 - 13,004 377 - 377 SQM Vitas Brazil Agroindustria 36,648 7,566 31,808 - 82,625 2,879 (1,322 ) 1,557 SQM Vitas Peru S.A.C 22,365 7,785 18,996 5,966 28,619 (550 ) - (550 ) SQM Vitas Holland B.V. 2,692 - 1 - - (28 ) - (28 ) SQM Vitas Plantacote B.V. - - - - - - - - Pavoni & C. Spa 10,062 6,490 8,098 698 15,461 (79 ) - (79 ) Arpa Speciali S.R.L. - - - - - - - - Covalent Lithium Pty Ltd. 239 100 233 - - 106 - 106 Total 139,604 46,597 79,678 6,664 167,909 5,242 (1,321 ) 3,921 12/31/2017 Joint Venture Assets Liabilities Gain (loss) from Other Current Non-current Current Non-current Revenue continuing operations comprehensive income Comprehensive ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltda. 31,461 6,656 15,228 - 13,326 (1,070 ) - (1,070 ) Coromandel SQM India 6,659 862 4,205 53 10,381 332 - 332 SQM Vitas Fzco. 23,699 17,479 2,221 - 15,518 3,003 (9 ) 2,994 SQM Star Qingdao Corp. Nutrition Co. Ltd. 6,941 171 1,152 - 12,631 721 - 721 SQM Vitas Brazil Agroindustria 30,303 8,453 27,752 - 60,131 1,753 (101 ) 1,652 SQM Vitas Peru S.A.C 20,933 8,534 17,380 6,126 35,299 (216 ) - (216 ) SQM Vitas Holland B.V. 2,190 669 - - - (36 ) - (36 ) SQM Vitas Plantacote B.V. 679 - 10 - - (1 ) - (1 ) Minera Exar S.A. 19,277 73,114 38,670 - - (53 ) - (53 ) Total 142,142 115,938 106,618 6,179 147,286 4,433 (110 ) 4,323 12/31/2016 Joint Venture Assets Liabilities Gain (loss) from Other Current Non-current Current Non-current Revenue continuing operations comprehensive income Comprehensive ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltda. 43,639 7,399 26,738 - 16,051 (2,744 ) - (2,744 ) Coromandel SQM India 4,485 847 2,334 - 8,034 870 - 870 SQM Vitas Fzco. 20,896 16,395 1,380 - 16,210 6,916 897 7,813 SQM Star Qingdao Corp. Nutrition Co. Ltd. 5,733 203 697 - 7,553 325 - 325 SQM Vitas Brazil Agroindustria 21,511 8,917 21,085 - 63,055 4,570 5,690 10,260 SQM Vitas Peru S.A.C 23,598 8,931 20,333 6,231 36,926 815 - 815 SQM Vitas Holland B.V. 1,961 588 11 - - 342 - 342 SQM Vitas Plantacote B.V. 619 - 31 - - (159 ) - (159 ) Total 122,442 43,280 72,609 6,231 147,829 10,935 6,587 17,522 9.5 Other Joint Venture disclosures: Cash and cash equivalents Other current financial liabilities Other non-current financial liabilities 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2018 12/31/2017 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. 106 6,198 - - - - Coromandel SQM India 308 1,118 - - - - SQM Vitas Fzco. 19,312 15,307 - - - - SQM Star Qingdao Corp. Nutrition Co. Ltd. 4,543 3,675 - - - - SQM Vitas Brazil Agroindustria 1,869 5,139 13,380 7,342 - - SQM Vitas Peru S.A.C. 371 687 3,819 2,215 801 1,372 SQM Vitas Holland B.V. 2,692 2,190 - - - - SQM Vitas Plantacote B.V. - 679 - - - - Minera Exar S.A. - 9,189 - - - - Pavoni &C., Spa 407 - 5,464 - - - Arpa Speciali S.R.L. - - - - - - Covalent Lithium Pty Ltd. 156 - - - - - Total 29,764 44,182 22,663 9,557 801 1,372 Depreciation and amortization expense Interest expense Income tax expense, continuing operations 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (948 ) (696 ) (691 ) (1 ) (25 ) (433 ) 97 303 200 Coromandel SQM India 445 - - (9 ) (16 ) (49 ) (38 ) (485 ) (44 ) SQM Vitas Fzco. (509 ) (553 ) (717 ) (8 ) (19 ) (16 ) - - - SQM Star Qingdao Corp. Nutrition Co. Ltd. (67 ) (68 ) (64 ) - - (1 ) (187 ) (174 ) (195 ) SQM Vitas Brazil Agroindustria (408 ) (453 ) (438 ) (886 ) (1,253 ) (2,127 ) (117 ) (283 ) (337 ) SQM Vitas Peru S.A.C. (347 ) (375 ) (82 ) (425 ) (432 ) (323 ) (230 ) (214 ) (362 ) SQM Vitas Holland B.V. - - - - - - - - - SQM Vitas Plantacote B.V. - - - - (1 ) (1 ) - - - Minera Exar S.A. - (523 ) - - (32 ) - - (620 ) - Pavoni & C., Spa (542 ) - - (335 ) - - - - - Arpa Speciali S.R.L. - - - - - - - - - Covalent Lithium Pty Ltd. (16 ) - - (5 ) - - (46 ) - - Total (2,392 ) (2,668 ) (1,992 ) (1,669 ) (1,778 ) (2,950 ) (521 ) (1,473 ) (738 ) The basis of preparation of the financial information of joint ventures corresponds to the amounts included in the financial statements in conformity with the entity’s IFRS. 9.6 Joint Operation In 2017, we continued to expand our operations outside Chile and, together with our subsidiary SQM Australia Pty, we entered into an agreement to acquire 50% of the assets of the Mount Holland lithium project in Western Australia. We entered into a 50/50 unincorporated joint operation with Kidman Resources Limited (“Kidman”), the Mt Holland Lithium Project, to design, construct and operate a mine, concentrator and refinery to produce approximately 45,000 metric tons of lithium hydroxide per year. Kidman retained the exclusive right to exploit gold within the project area. SQM Australia Pty committed to pay a price of US$70 million for the 50% of the Mt Holland assets, which was split into an initial payment of US$ 15 million and a deferred payment of US$ 55 million, both payments subject to certain conditions precedent. SQM Australia paid an additional (i) US$10 million as part of the initial payment, and (ii) US$30 million once the deferred payment took place. All payments subject to conditions under the purchase agreement with Kidman were executed by December 2018. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2018 | |
DisclosureOfCashAndCashEquivalentsExplanatory [Abstract] | |
Cash and cash equivalents | Note 10 Cash and cash equivalents 10.1 Types of cash and cash equivalents As of December 31, 2018 and December 31, 2017, cash and cash equivalents are detailed as follows: a) Cash 12/31/2018 12/31/20171 ThUS$ ThUS$ Cash on hand 75 60 Cash in banks 101,662 50,137 Other demand deposits 746 1,530 Total cash 102,483 51,727 b) Cash equivalents 12/31/2018 12/31/2017 ThUS$ ThUS$ Short-term deposits, classified as cash equivalents 187,666 290,914 Short-term investments, classified as cash equivalents 265,917 287,797 Total cash equivalents 453,583 578,711 Total cash and cash equivalents 556,066 630,438 10.2 Short-term investments, classified as cash equivalents As of December 31, 2018 and December 31, 2017, the short-term investments classified as cash and cash equivalents relate to mutual funds (investment liquidity funds) for investments in: Institution 12/31/2018 ThUS$ 12/31/2017 ThUS$ Legg Mason - Western Asset Institutional Cash Reserves 132,108 144,464 JP Morgan US dollar Liquidity Fund Institutional 133,809 143,333 Total 265,917 287,797 Short-term investments are highly liquid fund manager accounts that are basically invested in short-term fixed rate notes in the U.S. market. 10.3 Information on cash and cash equivalents by currency As of December 31, 2018 and December 31, 2017, information on cash and cash equivalents by currency is detailed as follows: Original currency 12/31/2018 12/31/2017 ThUS$ ThUS$ Chilean Peso (*) 157,500 579 US Dollar 353,037 612,727 Euro 4,739 9,782 Mexican Peso 1,242 258 South African Rand 5,843 4,074 Japanese Yen 1,786 1,773 Peruvian Sol 7 8 Brazilian Real - 38 Chinese Yuan 2,305 1,143 Dírham United Arab Emirates 1 - Indian rupee 3 - Argentine Peso 2 1 Pound Sterling 3 55 Australian dollar 29,598 - Total 556,066 630,438 (*) The Company maintains financial derivative policies which allow to minimize the risk of the variation in Chilean pesos exchange rate . 10.4 Amount restricted (unavailable) cash balances Cash on hand and in current bank accounts are available resources, and their carrying value is equal to their fair value. As of December 31, 2018 and December 31, 2017, restricted cash balances are presented in Note 14. 10.5 Short-term deposits, classified as cash equivalents The detail at the end of each period is as follows: 2018 Receiver of the deposit Type of deposit Original Currency Interest rate Placement date Expiration date Principal ThUS$ Interest accrued to-date ThUS$ 12/31/2018 ThUS$ Scotiabank Fixed term Ch$ 2.50 10/18/2018 1/16/2019 14,606 90 14,696 Banco Crédito e Inversiones Fixed term Ch$ 2.55 11/6/2018 1/9/2019 19,632 92 19,724 Scotiabank Fixed term Ch$ 2.55 11/30/2018 1/3/2019 14,393 38 14,431 Scotiabank Fixed term Ch$ 2.55 12/3/2018 1/3/2019 11,515 27 11,542 Itau-Corpbanca Fixed term Ch$ 2.50 12/3/2018 1/3/2019 14,393 34 14,427 Itau-Corpbanca Fixed term Ch$ 2.50 12/7/2018 1/9/2019 14,393 29 14,422 Itau-Corpbanca Fixed term Ch$ 2.50 12/10/2018 1/9/2019 12,954 23 12,977 Scotiabank Fixed term Ch$ 2.35 12/10/2018 1/9/2019 12,954 21 12,975 Itau-Corpbanca Fixed term US$ 3.06 12/11/2018 1/11/2019 1,300 2 1,302 Banco Estado Fixed term US$ 2.75 12/12/2018 1/15/2019 1,000 1 1,001 Itau-Corpbanca Fixed term Ch$ 2.50 12/14/2018 1/9/2019 14,392 20 14,412 Scotiabank Fixed term Ch$ 2.65 12/17/2018 1/17/2019 14,393 18 14,411 Scotiabank Fixed term Ch$ 2.60 12/17/2018 1/17/2019 10,892 13 10,905 Banco Crédito e Inversiones Fixed term US$ 2.93 12/17/2018 1/31/2019 1,400 2 1,402 Itau-Corpbanca Fixed term US$ 3.30 12/17/2018 1/31/2019 1,400 2 1,402 Itau-Corpbanca Fixed term US$ 3.40 12/17/2018 1/31/2019 3,000 4 3,004 Banco de Chile Fixed term US$ 3.06 12/17/2018 1/31/2019 1,700 2 1,702 Scotiabank Sud Americano Fixed term US$ 2.95 12/17/2018 1/31/2019 1,500 2 1,502 Banco de Chile Fixed term US$ 3.26 12/19/2018 1/31/2019 800 1 801 Banco Crédito e Inversiones Fixed term US$ 3.42 12/26/2018 2/26/2019 2,800 1 2,801 Banco de Chile Fixed term US$ 3.26 12/26/2018 2/26/2019 2,800 1 2,801 Scotiabank Sud Americano (*) Fixed term Ch$ 0.26 12/27/2018 1/7/2019 1,439 1 1,440 Scotiabank Sud Americano (*) Fixed term Ch$ 0.26 12/27/2018 1/14/2019 2,879 1 2,880 Scotiabank Sud Americano (*) Fixed term Ch$ 0.26 12/27/2018 1/21/2019 1,439 1 1,440 Banco Estado Fixed term US$ 3.15 12/28/2018 1/28/2019 2,000 1 2,001 Banco Estado Fixed term US$ 3.15 12/28/2018 1/28/2019 600 - 600 Banco de Chile Fixed term US$ 3.16 12/28/2018 1/28/2019 2,000 1 2,001 Banco Crédito e Inversiones Fixed term US$ 2.53 12/28/2018 1/8/2019 1,000 - 1,000 Banco Crédito e Inversiones Fixed term US$ 3.08 12/28/2018 1/28/2019 2,500 1 2,501 Banco Santander- Santiago Fixed term Ch$ 0.20 12/28/2018 1/4/2019 432 - 432 BBVA Banco Francés Fixed term US$ - 12/31/2018 1/21/2019 81 3 84 Nedbank On demand US$ - 12/31/2018 1/1/2019 647 - 647 Total 187,234 432 187,666 (*) Corresponds to monthly rate. 2017 Receiver of the deposit Type of deposit Original Currency Interest rate Placement date Expiration date Principal ThUS$ Interest accrued to-date ThUS$ 12/31/2017 ThUS$ Scotiabank Sud Americano Fixed term Ch$ 0.24 11/21/2017 1/02/2018 8,943 30 8,973 Banco Itau Chile Fixed term Ch$ 0.24 11/28/2017 1/02/2018 15,652 41 15,693 Banco Itau Chile Fixed term Ch$ 0.24 11/28/2017 1/02/2018 15,652 41 15,693 Banco BBVA Chile Fixed term Ch$ 0.23 11/28/2017 1/02/2018 15,652 40 15,692 Banco BBVA Chile Fixed term Ch$ 0.23 11/28/2017 1/02/2018 15,652 40 15,692 Banco Itau Chile Fixed term Ch$ 0.25 11/29/2017 2/27/2018 18,857 50 18,907 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/12/2017 1/11/2018 15,982 26 16,008 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/12/2017 1/11/2018 8,524 14 8,538 Banco Itau Chile Fixed term Ch$ 0.24 12/12/2017 1/11/2018 15,982 24 16,006 Banco Itau Chile Fixed term Ch$ 0.24 12/12/2017 1/11/2018 7,458 11 7,469 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/14/2017 1/16/2018 19,780 29 19,809 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/14/2017 1/16/2018 15,665 23 15,688 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/14/2017 1/16/2018 11,488 17 11,505 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/15/2017 1/16/2018 15,568 22 15,590 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/15/2017 1/16/2018 15,568 22 15,590 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/15/2017 1/16/2018 15,568 22 15,590 Banco BBVA Chile Fixed term Ch$ 0.24 12/29/2017 1/10/2018 4,107 1 4,108 Banco BBVA Chile Fixed term Ch$ 0.24 12/29/2017 1/10/2018 2,765 - 2,765 Banco Santander - Santiago Fixed term US$ 0.28 12/27/2017 1/18/2018 700 - 700 Banco Santander - Santiago Fixed term US$ 0.4 12/15/2017 2/13/2018 15,000 27 15,027 Banco Santander - Santiago Fixed term US$ 0.4 12/15/2017 2/13/2018 14,000 25 14,025 Corpbanca Fixed term Ch$ 0.22 12/28/2017 1/04/2018 1,301 - 1,301 Scotiabank Sud Americano Fixed term Ch$ 0.21 12/29/2017 1/05/2018 976 - 976 Scotiabank Sud Americano Fixed term Ch$ 0.21 12/29/2017 1/05/2018 569 - 569 Banco Santander - Santiago Fixed term US$ 2.45 12/06/2017 1/05/2018 3,500 6 3,506 Scotiabank Sud Americano Fixed term US$ 3.40 12/15/2017 1/16/2018 2,000 3 2,003 Banco BBVA Chile Fixed term US$ 2.80 12/26/2017 1/26/2018 2,200 1 2,201 Banco Crédito e Inversiones Fixed term US$ 2.3 12/27/2017 1/04/2018 2,300 1 2,301 Banco Santander - Santiago Fixed term US$ 2.88 12/27/2017 1/04/2018 2,300 1 2,301 Banco BBVA Chile Fixed term US$ 2.80 12/27/2017 1/04/2018 1,400 - 1,400 BBVA Banco Francés Fixed term US$ 0.19 12/11/2017 1/31/2018 163 - 163 Nedbank On demand US$ - 12/01/2017 1/31/2018 3,686 - 3,686 ABN Amro Bank Fixed term US$ - 12/31/2017 1/02/2018 1,439 - 1,439 Total 290,397 517 290,914 10.6 Other information Net Debt reconciliation This section sets out an analysis of net debt and the movements in net debt for each of the periods presented. Net debt 12/31/2018 12/31/2017 ThUS$ ThUS$ Cash and cash equivalents 556,066 630,438 Other current financial assets 312,721 366,979 Other non-current financial hedge assets 13,425 8,910 Borrowings - repayable within one year (including overdraft) (23,585 ) (220,328 ) Borrowings - repayable after one year (1,330,382 ) (1,031,507 ) Net debt (471,755 ) (245,508 ) Cash and liquid investments 882,212 1,006,327 Gross debt - fixed interest rates (1,353,967 ) (1,251,835 ) Net debt (471,755 ) (245,508 ) Foreign Other inflows currency Repayment of Proceeds from (outflows) of translation 12/31/2017 borrowings borrowings cash Hedging effects differences Other 12/31/2018 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current financial liabilities and non-current (1,251,835 ) 213,000 (376,039 ) - 23,092 39,520 (1,704 ) (1,353,967 ) Cash and cash equivalents 630,438 - - (49,478 ) - (24,894 ) - 556,066 Other current financial assets 375,889 - - (69,151 ) 19,408 - - 326,146 Net Debt (245,508 ) 213,000 (376,039 ) (118,629 ) 42,500 14,626 (1,704 ) (471,755 ) |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Inventories Explanatory [Abstract] | |
Disclosure of inventories [text block] | Note 11 Inventories The composition of inventory at each period-end is as follows: Type of inventory 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Raw material reserves 6,764 9,364 7,536 Supplies for production reserves 26,840 22,257 23,610 Products-in-progress reserves 423,621 456,333 482,261 Finished product reserves 456,449 414,120 479,665 Total 913,674 902,074 993,072 As of December 31, 2018, the Company has inventory of caliche ore (in piles or undergoing leaching process) available for processing valued at ThUS$347,100 and ThUS$333,194 as of December 31, 2017, (included in work in progress). Inventory reserves recognized as of December 31, 2018 amount to ThUS$105,282, and ThUS$96,284 as of December 31, 2017. For finished and in-process products, the provisions constituted include the provision associated with the lower value of stock (considers lower realizable value, uncertain future use, reprocessing costs, etc.), inventory differences and potential errors in the determination of inventories (e.g., errors in topography, grade, humidity, etc.), see Note 3.19. For inventories of raw materials, supplies, materials and parts, lower value provisions have been associated with the proportion of obsolete, defective or slow-moving materials and potential differences. The amount from of inventory that was reclassified to cost of sales during 2018 was ThUS$1,300,940. The amount from of inventory that was reclassified to cost of sales during 2017 was ThUS$1,230,321. The amount from of inventory that was reclassified to cost of sales during 2016 was ThUS$1,130,799. The breakdown of inventory reserves is detailed as follows: Type of inventory 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Raw material reserves 1,838 93 93 Supplies for production - - 920 Products-in-progress reserves 82,673 80,249 50,925 Finished product reserves 20,771 15,942 29,357 Total 105,282 96,284 81,295 The Company has not delivered inventory as collateral for the periods indicated above. As of December 31, 2018 and, 2017, movements in provisions are detailed as follows: Conciliation 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Beginning balance 96,284 81,295 80,369 Increase in Lower Value (1) 7,845 19,515 2,255 Additional Provision Differences of Inventory. ( 2 ) 3,176 573 6,071 Increase / Decrease eventual differences and others ( 3 ) 2,436 (178 ) (6,339 ) Provision Used (4,459 ) (4,921 ) (1,061 ) Total changes 8,998 14,989 926 Final balance 105,282 96,284 81,295 (1) There are three types of Lower Value Provisions: Economic Realizable Lower Value, Potential Inventory with Uncertain Future Use and Reprocessing Costs of Off-Specification Products. (2) Provisions for Inventory Differences generated when physical differences are detected when taking inventory, which exceed the tolerance levels for this process. At least two annual inventories are taken in the production sites and in the port in Chile (“zero sum” systems have immediate potential adjustments). (3) This algorithm corresponds to diverse provision percentages based on the complexity in the measurement and rotation of stock, as well as standard differences based on previous profit and loss, as is the case with provisions in Commercial Offices. |
Related party disclosures
Related party disclosures | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Related Party Explanatory [Abstract] | |
Disclosure of related party [text block] | Note 12 Related party disclosures 12.1 Related party disclosures Balances pending at period-end are not guaranteed, accrue no interest and are settled in cash. No guarantees have been delivered or received for trade and other receivables due from related parties or trade and other payables due to related parties. 12.2 Detailed identification of the link between the Parent and subsidiary As of December 31, 2018 and December 31, 2017, the detail of entities that are related parties of the SQM S.A. Group is as follows: Tax ID No. Name Country of origin Functional currency Nature Foreign Nitratos Naturais Do Chile Ltda. Brazil US$ Subsidiary Foreign Nitrate Corporation Of Chile Ltd. United Kingdom US$ Subsidiary Foreign SQM North America Corp. United States US$ Subsidiary Foreign SQM Europe N.V. Belgium US$ Subsidiary Foreign Soquimich S.R.L. Argentina Argentina US$ Subsidiary Foreign Soquimich European Holding B.V. The Netherlands US$ Subsidiary Foreign SQM Corporation N.V. The Netherlands US$ Subsidiary Foreign SQI Corporation N.V. The Netherlands US$ Subsidiary Foreign SQM Comercial De México S.A. de C.V. Mexico US$ Subsidiary Foreign North American Trading Company United States US$ Subsidiary Foreign Administración y Servicios Santiago S.A. de C.V. Mexico US$ Subsidiary Foreign SQM Peru S.A. Peru US$ Subsidiary Foreign SQM Ecuador S.A. Ecuador US$ Subsidiary Foreign SQM Nitratos Mexico S.A. de C.V. Mexico US$ Subsidiary Foreign SQMC Holding Corporation L.L.P. United States US$ Subsidiary Foreign SQM Investment Corporation N.V. The Netherlands US$ Subsidiary Foreign SQM Brasil Limitada Brazil US$ Subsidiary Foreign SQM France S.A. France US$ Subsidiary Foreign SQM Japan Co. Ltd. Japan US$ Subsidiary Foreign Royal Seed Trading Corporation A.V.V. Aruba US$ Subsidiary Foreign SQM Oceania Pty Limited Australia US$ Subsidiary Foreign Rs Agro-Chemical Trading Corporation A.V.V. Aruba US$ Subsidiary Foreign SQM Indonesia S.A. Indonesia US$ Subsidiary Foreign SQM Virginia L.L.C. United States US$ Subsidiary Foreign SQM Italia SRL Italy US$ Subsidiary Foreign Comercial Caiman Internacional S.A. Panama US$ Subsidiary Foreign SQM Africa Pty Ltd, South Africa US$ Subsidiary Foreign SQM Colombia SAS Colombia US$ Subsidiary Foreign SQM Internacional N.V. Belgium US$ Subsidiary Foreign SQM (Shanghai) Chemicals Co. Ltd. China US$ Subsidiary Foreign SQM Lithium Specialties LLC United States US$ Subsidiary Foreign SQM Iberian S.A. Spain US$ Subsidiary Foreign SQM Beijing Commercial Co. Ltd. China US$ Subsidiary Foreign SQM Thailand Limited Thailand US$ Subsidiary Foreign SQM Australia PTY Australia Australian dollar Subsidiary Foreign SACAL S.A. Argentina Argentine peso Subsidiary 96,801,610-5 Comercial Hydro S.A. Chile US$ Subsidiary 96,651,060-9 SQM Potasio S.A. Chile US$ Subsidiary 96,592,190-7 SQM Nitratos S.A. Chile US$ Subsidiary 96,592,180-K Ajay SQM Chile S.A. Chile US$ Subsidiary 86,630,200-6 SQMC Internacional Ltda. Chile Chilean peso Subsidiary 79,947,100-0 SQM Industrial S.A. Chile US$ Subsidiary 79,906,120-1 Isapre Norte Grande Ltda. Chile Chilean peso Subsidiary 79,876,080-7 Almacenes y Depósitos Ltda. Chile Chilean peso Subsidiary 79,770,780-5 Servicios Integrales de Tránsitos y Transferencias S.A. Chile US$ Subsidiary 79,768,170-9 Soquimich Comercial S.A. Chile US$ Subsidiary 79,626,800-K SQM Salar S.A. Chile US$ Subsidiary 78,053,910-0 Proinsa Ltda. Chile Chilean peso Subsidiary As of December 31, 2018 and December 31, 2017, the detail of entities that are related parties of the SQM S.A.: Group is as follows: Tax ID No, Name Country of origin Functional currency Nature 76,534,490-5 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. Chile Chilean peso Subsidiary 76,425,380-9 Exploraciones Mineras S.A. Chile US$ Subsidiary 76,064,419-6 Comercial Agrorama Ltda. Chile Chilean peso Subsidiary 76,145,229-0 Agrorama S.A. Chile Chilean peso Subsidiary 76,359,919-1 Orcoma Estudios SPA Chile US$ Subsidiary 76,360,575-2 Orcoma SPA Chile US$ Subsidiary 76,686,311-9 SQM MaG SpA Chile US$ Subsidiary Foreign Abu Dhabi Fertilizer Industries WWL Arab Emirates Arab Emirates dirham Associate Foreign Doktor Tarsa Tarim Sanayi AS Turkey US$ Associate Foreign Ajay North America United States US$ Associate Foreign Ajay Europe SARL France Euro Associate Foreign SQM Eastmed Turkey Turkey Euro Associate Foreign Charlee SQM Thailand Co. Ltd. (1) Thailand Thai baht Associate Foreign Kore Potash Ltd. Australia US$ Associate Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. China US$ Joint venture Foreign Coromandel SQM India India Indian rupee Joint venture Foreign SQM Vitas Fzco. Arab Emirates Arab Emirates dirham Joint venture Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. China US$ Joint venture Foreign SQM Vitas Holland B.V. Dutch Antilles Euro Joint venture Foreign Minera Exar S.A. (2) Argentina US$ Joint venture Foreign Covalent Lithium Pty Ltd. Australia Australian dollar Joint venture Foreign Pavoni & C, SPA Italy Euro Joint venture 96,511,530-7 Sociedad de Inversiones Pampa Calichera Chile US$ Other related parties 96,529,340-k Norte Grande S.A. Chile Chilean peso Other related parties 79,049,778-9 Callegari Agricola S.A. Chile Chilean peso Other related parties Foreign SQM Vitas Brazil Agroindustria (3) Brazil US$ Other related parties Foreign SQM Vitas Peru S.A.C. (3) Peru US$ Other related parties Foreign Terra Tarsa B.V. (4) Holland Euro Other related parties Foreign Plantacote N.V (4) Belgium Euro Other related parties Foreign Doktolab Tarim Arastima San. Tic As (4) Turkey Turkish Lira Other related parties Foreign Terra Tarsa Ukraine LLC (4) Ukraine Ukrainian Grivna Other related parties Foreign Terra Tarsa Don LLC (4) Russian Federation Russian ruble Other related parties Foreign Abu Dhabi Fertilizer Industries WLL Oman United Arab Emirates dirham Other related parties Foreign Internacional Technical and Trading Agencies CO WLL (5) Jordan United Arab Emirates dirham Other related parties Foreign Arpa Speciali S.R.L (6) Italy Euro Other related parties (1) During the month of November 2018, the stake held in Charlee SQM Thailand Co. Ltd. was sold. (2) During the month of December 2018, the stake held in Minera Exar S.A. was sold. (3) These Companies are subsidiaries of the SQM Vitas Fzco joint venture. (4) These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. (5) These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL (6) These companies are subsidiaries of the joint venture Pavoni & C, SPA TAX ID No. Name Country of Origin Functional currency Relationship N/A Ara Dos Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ara Tres Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ara Cuatro Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ara Cinco Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Curicó Dos Primera del Salar de Pampa Alta, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Curicó Tres Primera del Sector de Pampa Alta, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Evelyn Veinticuatro Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Filomena Tres Primera de Oficina Filomena, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Filomena Cuatro Primera de Oficina Filomena, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Primera de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Segunda del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Tercera de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Cuarta de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Quinta de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Primera del Salar de Pampa Blanca de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Segunda del Salar de Pampa Blanca de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Tercera del Salar de Pampa Blanca de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ivon Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ivon Décima Segunda de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ivon Sexta de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Julia Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Lorena Trigésimo Quinta de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Perseverancia Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Tamara 40 Primera del Sector S.E. OF. Concepción, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Tamara Tercera de Oficina Concepción, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Tamara 40 Segunda del Sector S.E. OF Concepción, Sierra Gorda (*) Chile Chilean peso Other related parties (*) Correspond to Mining Contractual Societies 12.3 Detail of related parties and related party transactions Transactions between the Parent and its subsidiaries, associated businesses, joint ventures and other related parties are part of the Company's common transactions. Their conditions are those customary for this type of transactions in respect of terms and market prices. In addition, these have been eliminated in consolidation and are not detailed in this note. Maturity terms for each case vary by virtue of the transaction giving rise to them. As of December 31, 2018, 2017 and 2016, the detail of significant transactions with related parties is as follows: Tax ID No, Company Nature Country of origin Transaction 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Foreign Doktor Tarsa Tarim Sanayi As Associate Turkey Sale of products 16,726 17,538 11,619 Foreign Ajay Europe S.A.R.L. Associate France Sale of products 19,470 15,706 17,977 Foreign Ajay Europe S.A.R.L. Associate France Dividends 811 969 1,338 Foreign Ajay North America LLC. Associate United States Sale of products 16,810 13,206 12,865 Foreign Ajay North America LLC. Associate United States Dividends 2,807 1,123 2,605 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Sale of products 5,811 4,351 8,312 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Dividends 5,641 - - Foreign Charlee SQM Thailand Co. Ltd. (1) Associate Thailand Sale of products 4,960 5,102 3,798 Foreign Charlee SQM Thailand Co. Ltd. (1) Associate Thailand Dividends 362 - - 77.557.430-5 Sales de Magnesio Ltda. Associate Chile Sale of products - 45 - Foreign Kowa Company Ltd. (3) Other related parties Japan Sale of products - 132,495 91,678 Foreign SQM Vitas Brasil Agroindustria Joint control or significant influence Brazil Sale of products 44,827 31,137 17,686 Foreign SQM Vitas Peru S.A.C. Joint control or significant influence Peru Sale of products 17,204 23,058 22,090 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates Sale of products - 85 965 Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. Joint venture China Sale of products - - 9,950 Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. Joint venture China Sale of services - 252 257 Foreign Coromandel SQM India Joint venture India Sale of products 7,696 8,011 4,630 Foreign SQM Vitas Spain Joint venture Spain Sale of products - - 5,528 Foreign SQM Vitas Plantacote B.V. Joint venture Netherlands Sale of products - - 49 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China Sale of products - 200 166 Foreign SQM Vitas Holland B.V. Joint venture Holland Sale of products - - 634 79.049.778-9 Callegari Agrícola S.A. Other related parties Chile Sale of products - 210 44 Foreign Minera Exar S.A. (2) Joint venture Argentina Loans - 11,000 - Foreign Terra Tarsa Ukraine LLC Associate Turkey Sale of services 1,674 1,218 - Foreign Terra Tarsa Don LLC Associate Russian Federation Sale of products 187 423 - Foreign Plantacote N.V. Associate Belgium Sale of products 4,554 2,108 - Foreign SQM eastmed Turkey Associate Turkey Sale of products 30 - - Foreign Pavoni & C., SpA Joint venture Italy Sale of products 201 - - Foreing Arpa Speciali S.R.L Other related parties Italy Sale of products 207 - - Total 149,978 268,237 212,191 (1) As of November 2018, the ownership interest in Charlee SQM Thailand Co. Ltd. was sold. (2) During the month of December 2018, the stake held in Minera Exar S.A. was sold. (3) As of December 31, 2018, Kowa Company Ltd. is not considered a related party. 12.4 Trade receivables due from related parties, current: Transactions between the Company, its subsidiaries, joint ventures and other related parties are considered customary transactions. In addition, they have been eliminated upon consolidation and are not disclosed in this note. Tax ID N° Company Nature Country of origin Currency 12/31/2018 12/31/2017 ThUS$ ThUS$ Foreign Charlee SQM Thailand Co. Ltd(1) Associate Thailand US$ - 1,204 Foreign Ajay Europe S.A.R.L. Associate France Euro 3,756 4,689 Foreign Ajay North America LLC. Associate United States US$ 2,079 2,005 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Arab Emirates dirham 857 73 Foreign Kowa Company Ltd.(1) Jointly controlled entity Japan US$ - 5,008 96.511.530-7 Soc.de Inversiones Pampa Calichera Jointly controlled entity Chile US$ 6 6 Foreign SQM Vitas Brasil Agroindustria Joint venture Brazil US$ 15,818 17,293 Foreign SQM Vitas Peru S.A.C. Joint venture Peru US$ 12,768 13,766 Foreign Coromandel SQM India Joint venture India Indian rupee 2,025 3,804 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates Emirates dirham 105 - Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China US$ 248 50 Foreign Plantacote N.V. Associate Belgium Euro 312 190 Foreign Terra Tarsa Don LLC Associate Russian Federation Russian ruble 41 44 Foreign Minera Exar S.A. (2) Joint venture Argentina US$ - 11,000 Foreign SQM Eastmed Turkey Associate Turkey Euro 30 - Foreing SQM Pavoni & C. SPA Joint venture Italy Euro 12 - Foreign Doktor Tarsa Tarim Sanayi As Joint venture Turkey US$ 6,497 - Total 44,554 59,132 (1) As of November 2018, the ownership interest in Charlee SQM Thailand Co. Ltd. sold. (2) During the month of December 2018, the stake held in Minera Exar S.A. The accounts receivable presented are net of provision (provision for 2018 ThUS$ 10,966 and 2017 for ThUS $ 14,125, see Note 13.2) 12.5 Trade payables due to related parties, current: Tax ID No. Company Nature Country of origin Currency 12/31/2018 ThUS$ 12/31/2017 ThUS$ Foreign Doktor Tarsa Tarim Sanayi AS Associate Turkey YTL - 11 Foreign Terra Tarsa Ukraine LLC Other related parties Ukraine Ukrainian Grivna - 7 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China US$ - 725 Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. Joint venture China US$ - 584 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates Arab Emirates dirham - 38 Foreign Covalent Lithium Pty Ltd Associate Australia Australian dollar 9 - Current Total 9 1,365 |
Financial instruments
Financial instruments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Financials instruments [Abstract] | |
Disclosure of financial instruments [text block] | Note 13 Financial instruments Financial instruments are detailed as follows: 13.1 Types of other financial assets Description of other financial assets 12/31/2018 ThUS$ 12/31/2017 ThUS$ Financial assets at amortized cost (1) 291,790 360,941 Derivative financial instruments - For hedging 18,238 - - At fair value through profit or loss (2) 2,693 6,038 Total other current financial assets 312,721 366,979 Investments classified as available for sale at fair value through profit or loss - 9,179 Financial assets at fair value through other comprehensive income 3,631 - Derivative financial instruments - For hedging 13,425 8,910 Financial assets at amortized cost (3) 75 24,790 Total other non-current financial assets 17,131 42,879 (1) Corresponds to term deposits whose maturity date is greater than 90 days and less than 360 days from the investment date constituted in the following financial institutions: (2) Correspond to forwards and options that were not classified as hedging instruments (See detail in Note 13.3). (3) SQM Potassium S.A. contributed ThUS$24,745 to Western Australia Lithium (WAL). As of December 31, 2017, this had not been legally incorporated as a Company and the funds remained in trust pending transfer to WAL. Institution 12/31/2018 ThUS$ 12/31/2017 ThUS$ Banco Santander 23,124 163,269 Banco de Crédito e Inversiones 145,834 71,748 Banco Itaú-Corpbanca 70,719 77,527 Banco Security 27,215 28,592 Scotiabank Sud Americano 24,898 13,764 Banco Chile - 4,834 Banco BBVA Chile - 1,207 Total 291,790 360,941 13.2 Trade and other receivables 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$$ ThUS$ Trade receivables 429,150 - 429,150 412,321 - 412,321 Prepayments 16,147 - 16,147 16,177 - 16,177 Other receivables 19,558 2,275 21,833 18,377 1,912 20,289 Total trade and other receivables 464,855 2,275 467,130 446,875 1,912 448,787 12/31/2018 12/31/2017 Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Receivables related to credit operations, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Trade receivables, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Prepayments, current 16,990 (843 ) 16,147 16,877 (700 ) 16,177 Other receivables, current 23,863 (4,305 ) 19,558 23,409 (5,032 ) 18,377 Current trade and other receivables 40,853 (5,148 ) 35,705 40,286 (5,732 ) 34,554 Other receivables, non-current 2,275 - 2,275 1,912 - 1,912 Non-current receivables 2,275 - 2,275 1,912 - 1,912 Total trade and other receivables 488,798 (21,668 ) 467,130 469,598 (20,811 ) 448,787 Portfolio stratification, continued The Company’s policy is to require guarantees (such as letters of credit, guarantee clauses and others) and/or maintaining insurance policies for certain accounts as deemed necessary by management. Uncollateralized portfolio As of December 31, 2018 the detail of the uncollateralized portfolio is as follows: 2018 Total uncollateralized portfolio Past due segments Number of customers non- renegotiated portfolio Gross non- renegotiated portfolio ThUS$ Number of customers renegotiated portfolio Gross renegotiated portfolio ThUS$ Current 1,429 403,805 136 668 1-30 days 1,284 17,899 390 596 31-60 days 940 8,063 154 118 61-90 days 661 2,147 41 75 91-120 days 498 1,210 27 47 121-150 days 85 385 16 29 151-180 days 49 177 21 176 181-210 days 14 1,289 41 231 211-250 days 12 107 101 242 >250 days 1,756 7,258 305 1,148 Total 6,728 442,340 1,232 3,330 As of December 31, 2017 the detail of the uncollateralized portfolio is as follows: 2017 Total uncollateralized portfolio Past due segments Number of customers non- renegotiated portfolio Gross non- renegotiated portfolio ThUS$ Number of customers renegotiated portfolio Gross renegotiated portfolio ThUS$ Current 3,039 344,802 23 706 1-30 days 1,598 41,510 376 924 31-60 days 824 8,813 130 272 61-90 days 756 3,740 50 119 91-120 days 548 7,367 22 54 121-150 days 182 2,914 22 56 151-180 days 443 5,602 45 75 181-210 days 365 4,470 27 45 211-250 days 682 112 29 138 >250 days 1,837 3,050 350 2,631 Total 10,274 422,380 1,074 5,020 Accounts Receivable 1 to 30 31 to 60 61 to 90 Over 90 Total 2018 Current days days days days ThUS$ Expected Loss Rate 0 % 0 % 87 % 100 % 100 % Total Gross Book Value 404,473 18,495 8,181 2,222 12,299 445,670 Deterioration Estimate - - 7,147 2,222 12,299 21,668 Accounts Receivable 1 to 30 31 to 60 61 to 90 Over 90 Total 2017 Current days days days days ThUS$ Expected Loss Rate 0 % 0 % 0 % 27 % 74 % Total Gross Book Value 345,508 42,434 9,085 3,859 26,514 427,400 Deterioration Estimate - - - 1,061 19,750 20,811 As of December 31, 2018 and December 31, 2017, movements in provisions are as follows : 12/31/2018 12/31/2017 ThUS$ ThUS$ Provision Impairment Accounts receivable at the beginning of the Period 34,936 31,616 Adjustment to Starting Balance through New Model Calculations (IFRS 9) 2,301 - Increase / (decrease) impairment of accounts receivable for the period to profit and loss (2,967 ) 8,037 Use of Provision Applied to Accounts Receivable (1,636 ) (4,717 ) Impairment of Accounts Receivable Provision at the beginning of the Period (1)+(2) 32,634 34,936 (1) Trade and Other Receivables Provision 21,668 20,811 (2) Current Related Party Receivables Provision 10,966 14,125 Recovery of Insurance 827 126 Impairment of Accounts Receivable Provision 32,634 34,936 Renegotiated Provision 2,056 2,580 Non-renegotiated Provision 30,578 32,356 Credit risk concentration. Credit risk concentration with respect to trade receivables is reduced due to the great number of entities in the Company’s client base and their distribution throughout the world. 13.3 Hedging assets and liabilities The balance represents derivative instruments measured at fair value which have been classified as hedges from exchange and interest rate risks related to the total obligations associated with bonds in Chilean pesos and UF in Chilean pesos. As of December 31, 2017, the notional amount of cash flows in Cross Currency Swap contracts agreed upon in US dollars amounted to ThUS$ 461,659, and as of December 31, 2017 such contracts amounted to ThUS$ 266,335 . Hedging assets with underlying debt Derivative instruments (Fwds) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 13,516 (3,004 ) 8,256 - 8,256 Hedging liabilities with underlying debt Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 (17,318 ) 16,636 1,541 - 1,541 Hedging assets with underlying investments Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 18,146 19,911 (1,765 ) - (1,765 ) Hedging assets with underlying debt Derivative instruments (Fwds) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 8,910 5,641 2,170 - 2,170 Hedging liabilities with underlying debt Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 17,128 33,696 41 - 41 Hedging liabilities with underlying investments Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 (20,159 ) (20,256 ) 97 - 97 The balances in the “effect on profit or loss for the period” column consider the amounts reclassified from other comprehensive income to the statement of comprehensive income. Derivative contract maturities are detailed as follows: Series Contract amount Currency Maturity date ThUS$ H 155,214 UF 01/05/2023 O 58,748 UF 02/01/2022 P 134,228 UF 01/15/2028 The Company uses cross currency swap derivative instruments to hedge the possible financial risk associated with the volatility of the exchange rate associated with Chilean pesos and UF. The objective is to hedge the exchange rate financial risks associated with bonds payable. Hedges are documented and tested to measure their effectiveness. Based on a comparison of critical terms, hedging is highly effective, given that the hedged amount is consistent with obligations maintained for bonds denominated in Chilean pesos and UF. Likewise, hedging contracts are denominated in the same currencies and have the same expiration dates of bond principal and interest payments. Hedge Accounting The Company classifies derivative instruments as hedging that may include derivative or embedded derivatives either as fair value hedge derivative instruments, cash flow hedge derivative instruments, or hedge derivative instruments for net investment in a business abroad. a) Fair value hedge Changes in fair values of derivative instruments classified as fair value hedge derivative instruments are accounted for in gains and losses immediately along with any change in the fair value of the hedged item that is attributable to the risk being hedged. b) Cash flow hedges Cash flow hedges cover exposure to the cash flow variations attributable to a risk associated with a specific transaction that is very likely to be executed, which may have material effects on the results of the Company. The Company documents the relationship between hedge instruments and the hedged item along with the objectives of its risk management and strategy to carry out different hedging transactions. In addition, upon commencement of the period hedged and then on a quarterly basis, the Company documents whether hedge instruments have been efficient and met the objective of hedging market fluctuations. For this purpose, we use the effectiveness test. The hedge instruments are classified as effective or not effective on the basis of the effectiveness test results. At present, hedges are classified as effective on the basis of the effectiveness tests. This note includes the detail of fair values of derivatives classified as hedging instruments. 13.4 Financial liabilities Other current and non-current financial liabilities As of December 31, 2018 and December 31, 2017, the detail is as follows: 31/12/2018 31/12/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Liabilities at amortized cost - Bank borrowings 300 68,870 69,170 163,568 - 163,568 - Obligations with the public (bonds) 15,145 1,249,479 1,264,624 13,494 1,031,507 1,045,001 Derivative financial instruments - For hedging 5,285 12,033 17,318 37,287 - 37,287 - At fair value through profit or loss 2,855 - 2,855 5,979 - 5,979 Total 23,585 1,330,382 1,353,967 220,328 1,031,507 1,251,835 Current and non-current bank borrowings As of December 31, 2018 and December 31, 2017, the detail is as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Long-term bank borrowings 68,870 - Short-term bank borrowings - 163,568 Current portion of long-term loans 300 - Short-term borrowings and current portion of long-term borrowings 69,170 163,568 Total bank borrowings 69,170 163,568 a) Bank borrowings, current: As of December 31, 2018 and December 31, 2017, the detail of this caption is as follows: Currency or Nominal Debtor Creditor adjustment Effective rate Tax ID No Company Country Tax ID No, Financial institution Country index Repayment Vencimiento rate 93,007,000-9 SQM.S.A. Chile 0-E Scotiabank Cayman USA US$ Upon maturity 05/29/2023 3.60 % 3.98 % Foreign Nitratos Naturais do Chile Lim Brazil 0-E Banco ITAU Brasil Brasil BRL Upon maturity 01/31/2019 5.17 % 5.17 % Foreign SQM Brasil Limitada Brazil 0-E Banco ITAU Brasil Brasil BRL Upon maturity 01/31/2019 5.5 % 5.5 % 12/31/2018 12/31/2018 Debtor Creditor Nominal amounts Current amounts Company Financial institution Up to 90 days ThUS$ 90 days to 1 year ThUS$ Total ThUS$ Up to 90 days ThUS$ 90 days to 1 year ThUS$ Subtotal ThUS$ Borrowing costs ThUS$ Total ThUS$ SQM S.A. Scotiabank Cayman - - - - 248 248 - 248 Nitratos Naturais do Chile Lim Banco ITAU Brasil - - - 11 - 11 - 11 SQM Brasil Limitada Banco ITAU Brasil - - - 41 - 41 - 41 Total - - - 52 248 300 - 300 Debtor Creditor Currency or Adjustment index Repayment Effective rate Nominal rate Tax ID No Company Country Tax ID No, Financial institution Country 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.63 % 1.63 % 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.73 % 1.73 % 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.73 % 1.73 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.64 % 1.64 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.67 % 1.67 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.67 % 1.67 % 79,626,800-K SQM Salar S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.91 % 1.91 % 79,626,800-K SQM Salar S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.94 % 1.94 % 79,947,100-0 SQM Industrial S.A. CHILE 97,030,000-7 Banco Estado CHILE US$ Upon maturity 1.74 % 1.74 % 79,947,100-0 SQM Industrial S.A. CHILE 97,030,000-7 Banco Estado CHILE US$ Upon maturity 1.65 % 1.65 % 12/31/2017 12/31/2017 Debtor Creditor Nominal amounts Current amounts Company Financial institution Up to 90 days ThUS$ 90 days to 1 year ThUS$ Total ThUS$ Up to 90 days ThUS$ 90 days to 1 year ThUS$ Subtotal ThUS$ Borrowing costs ThUS$ Total ThUS$ SQM S.A. Scotiabank Sud Americano - 20,000 20,000 - 20,137 20,137 - 20,137 SQM S.A. Scotiabank Sud Americano - 17,000 17,000 - 17,140 17,140 - 17,140 SQM S.A. Scotiabank Sud Americano - 3,000 3,000 - 3,025 3,025 - 3,025 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM Salar S.A. Banco Estado - 20,000 20,000 - 20,071 20,071 - 20,071 SQM Salar S.A. Scotiabank Sud Americano - 20,000 20,000 - 20,072 20,072 - 20,072 SQM Industrial S.A. Banco Estado - 20,000 20,000 - 20,064 20,064 - 20,064 SQM Industrial S.A. Banco Estado 18,000 - 18,000 18,026 - 18,026 - 18,026 Total 63,000 100,000 163,000 63,059 100,509 163,568 - 163,568 b) Unsecured obligations, current: As of December 31, 2018 and December 31, 2017, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds, as follows: Bonds Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93,007,000-9 SQM S.A. CHILE - MMUS$250 4/21/2019 US$ Semiannual Upon maturity 0.95 % 5,50 % 93,007,000-9 SQM S.A. CHILE - MMUS$250 1/28/2019 US$ Semiannual Upon maturity 2,75 % 4,38 % 93,007,000-9 SQM S.A. CHILE - MMUS$300 4/03/2019 US$ Semiannual Upon maturity 1,77 % 3,63 % 93,007,000-9 SQM S.A. CHILE 564 H 1/05/2019 UF Semiannual Semiannual 1,90 % 4,90 % 93,007,000-9 SQM S.A. CHILE 699 O 2/01/2019 UF Semiannual Upon maturity 2,60 % 3,80 % 93,007,000-9 SQM S.A. CHILE 563 P 1/15/2019 UF Semiannual Upon maturity 3,07 % 3,25 % 93.007.000-9 SQM S.A. Chile 700 Q 6/01/2019 UF Semiannual Upon maturity 3,34 % 3,45 % 12/31/2018 12/31/2018 Nominal maturities Current maturities Company Country Series Up to 90 days 91 days to 1 year Total Up to 90 days 91 days to 1 year Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. CHILE ThUS$250,000 2,674 - 2,674 2,674 - 2,674 (386 ) 2,288 SQM S.A. CHILE ThUS$250,000 - 4,648 4,648 - 4,648 4,648 (433 ) 4,215 SQM S.A. CHILE ThUS$300,000 2,658 - 2,658 2,658 - 2,658 (614 ) 2,044 SQM S.A. CHILE H - 3,756 3,756 - 3,756 3,756 (139 ) 3,617 SQM S.A. CHILE O - 934 934 - 934 934 (67 ) 867 SQM S.A. CHILE P - 1,784 1,784 - 1,784 1,784 (12 ) 1,772 SQM S.A. CHILE Q 342 - 342 342 - 342 - 342 Total 5,674 11,122 16,796 5,674 11,122 16,796 (1,651 ) 15,145 Effective rates of bonds in Chilean pesos and UF are expressed and calculated in U.S. dollars based on the flows agreed in Cross Currency Swap Agreements. Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93,007,000-9 SQM S.A. CHILE - ThUS$250,000 04/21/2018 US$ Semiannual Upon maturity 1.47 % 5.50 % 93,007,000-9 SQM S.A. CHILE - ThUS$250,000 01/28/2018 US$ Semiannual Upon maturity 3.17 % 4.38 % 93,007,000-9 SQM S.A. CHILE - ThUS$300,000 04/03/2018 US$ Semiannual Upon maturity 2.12 % 3.63 % 93,007,000-9 SQM S.A. CHILE 564 H 01/05/2018 UF Semiannual Semiannual 2.18 % 4.90 % 93,007,000-9 SQM S.A. CHILE 699 O 02/01/2018 UF Semiannual Upon maturity 2.80 % 3.80 % 12/31/2017 12/31/2017 Nominal maturities Current maturities Company Country Series Up to 90 days 91 days to 1 year Total Up to 90 days 91 days to 1 year Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. CHILE ThUS$250,000 - - - - 2,674 2,674 (385 ) 2,289 SQM S.A. CHILE ThUS$250,000 - - - 4,648 - 4,648 (433 ) 4,215 SQM S.A. CHILE ThUS$300,000 - - - - 2,658 2,658 (615 ) 2,043 SQM S.A. CHILE H - - - 4,127 - 4,127 (139 ) 3,988 SQM S.A. CHILE O - - - 1,026 - 1,026 (67 ) 959 Total - - - 9,801 5,332 15,133 (1,639 ) 13,494 Effective rates of bonds in Chilean pesos and UF are expressed and calculated in U.S. dollars based on the flows agreed in Cross Currency Swap Agreements. c) Classes of interest-bearing loans, non-current The following table shows the details of bank loans that accrue non-current interest as of December 31, 2018. As of December 31, there were no loans: Debtor Creditor Currency or adjustment index Type of amortization Effective rate Nominal rate Chilean Tax ID Company Country Chilean Tax ID Financial institution Country 93,007,000-9 SQM.S.A. Chile 0-E Scotiabank Cayman USA USD Maturity 3.98% 3.98% 12/31/2018 12/31/2018 Creditor Creditor Nominal non-current maturities Non-current maturities Company Financial institution Between 1 and 2 ThUS$ Between 2 and 3 ThUS$ Between 3 and 4 ThUS$ Total ThUS$ Between 1 and 2 ThUS$ Between 2 and 3 ThUS$ Between 3 and 4 ThUS$ Subtotal ThUS$ Costs of obtaining loans ThUS$ Total ThUS$ SQM S.A. Scotiabank Cayman - 70,000 70,000 - - 70,000 70,000 (1,130 ) 68,870 Total - - 70,000 70,000 - - 70,000 70,000 (1,130 ) 68,870 d) Non-current unsecured interest-bearing bonds The breakdown of non-current unsecured interest-bearing bonds as of December 31, 2018 and December 31, 2017 is detailed as follows: Periodicity Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. CHILE - ThUS$250,000 04/21/2020 US$ Semiannual Upon maturity 5.50 % 5.50 % 93.007.000-9 SQM S.A. CHILE - ThUS$250,000 01/28/2025 US$ Semiannual Upon maturity 4.38 % 4.38 % 93.007.000-9 SQM S.A. CHILE - ThUS$300,000 04/03/2023 US$ Semiannual Upon maturity 3.63 % 3.63 % 93.007.000-9 SQM S.A. CHILE 564 H 01/05/2030 UF Semiannual Semiannual 4.90 % 4.90 % 93.007.000-9 SQM S.A. CHILE 699 O 02/01/2033 UF Semiannual Upon maturity 3.80 % 5.50 % 93.007.000-9 SQM S.A. CHILE 563 P 01/15/2028 UF Semiannual Upon maturity 3.25 % 3.25 % 93.007.000-9 SQM S.A. CHILE 700 Q 06/01/2038 UF Semiannual Upon maturity 3.45 % 3.45 % Nominal non-current maturities 12/31/2018 Non-current maturities 12/31/2018 Series Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Total Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ MUS$250 250,000 - - - - 250,000 250,000 - - - - 250,000 (131 ) 249,869 MUS$250 - - - - 250,000 250,000 - - - - 250,000 250,000 (2,202 ) 247,798 MUS$300 - - 300,000 - - 300,000 - - 300,000 - - 300,000 (2,006 ) 297,994 H - - - - 158,704 158,704 - - - - 158,704 158,704 (1,392 ) 157,312 O - - - - 59,514 59,514 - - - - 59,514 59,514 (878 ) 58,636 P - - - - 119,028 119,028 - - - - 119,028 119,028 (101 ) 118,927 Q - - - - 119,028 119,028 - - - - 119,028 119,028 (85 ) 118,943 Total 250,000 - 300,000 - 706,274 1,256,274 250,000 - 300,000 - 706,274 1,256,274 (6,795 ) 1,249,479 As of December 31, 2018 and December 31, 2017, the breakdown of unsecured interest-bearing liabilities, non-current is as follows: Periodicity Tax ID No, Company Country Number of registration or ID of the instrument Series Maturity date Currency or Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. CHILE - MMUS$250 04/21/2020 US$ Semiannual Upon maturity 5.50 % 5.50 % 93.007.000-9 SQM S.A. CHILE - MMUS$250 01/28/2025 US$ Semiannual Upon maturity 4.38 % 4.38 % 93.007.000-9 SQM S.A. CHILE - MMUS$300 04/03/2023 US$ Semiannual Upon maturity 3.63 % 3.63 % 93.007.000-9 SQM S.A. CHILE 564 H 01/05/2030 UF Semiannual Semiannual 4.90 % 6.01 % 93.007.000-9 SQM S.A. CHILE 699 O 01/02/2033 UF Semiannual Upon maturity 3.80 % 3.80 % Nominal non-current maturities 12/31/2017 Non-current maturities 12/31/2017 Series Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Total Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ MUS$250 250,000 - - - - 250,000 250,000 - - - - 250,000 (517 ) 249,483 MUS$250 - - - - 250,000 250,000 - - - - 250,000 250,000 (2,636 ) 247,364 MUS$300 - - - - 300,000 300,000 - - - - 300,000 300,000 (2,618 ) 297,382 H - - - - 174,367 174,367 - - - - 174,367 174,367 (1,532 ) 172,835 O - - - - 65,388 65,388 - - - - 65,388 65,388 (945 ) 64,443 Total 250,000 - - - 789,755 1,039,755 250,000 - - - 789,755 1,039,755 (8,248 ) 1,031,507 e) Additional information Bonds On December 31, 2018 and December 31, 2017, short term bonds of ThUS$15,145 and ThUS$13,494 respectively were classified as short-term, consisting of the current portion due plus accrued interest to date; debt is presented net of bond issuance costs. The non-current portion consisted of ThUS$1,249,479 on December 31, 2018 and ThUS$1,031,507 on December 31, 2017, corresponding to the issuance series H bonds second issue single series bonds (ThUS$250), series M bonds, series O bonds, third issue single series bonds (ThUS$300) and fourth issue single series bonds (ThUS$250), series P bonds and series Q bonds, net of bond issuance costs As of December 31, 2018 and, 2017, the details of each issuance are as follows: Series “C” bonds On January 24, 2006, the Company placed Series C bonds for UF 3,000,000 (ThUS$101,918) at an annual rate of 4.00%. On July 5, 2017, the Series C bond was prepaid. As of December 31, 2018, and December 31, 2017, the Company has made the following payments with a charge to the Series C bonds: Payments made 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Principal payment - 57,290 5,729 Interest payment - 1,515 3,275 Serie “H” bonds On January 13, 2009, the Company placed two bond series in the domestic market. The first was Series H for UF 4,000,000 (ThUS$139,216) at an annual interest rate of 4.9%, with a term of 21 years and payment of the principal beginning in 2019. As of December 31, 2018 , and December 31, 2017 , the Company has made the following payments with a charge to the Series H bonds: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payments of interest, Series H bonds 8,325 7,691 7,289 Single series bonds, second issue ThUS$250,000 On April 21, 2010, the Company informed the CMF of its placement in international markets of an unsecured bond of ThUS$250,000 with a maturity of 10 years beginning on the aforementioned date with an annual interest rate of 5.5% and destined to refinance long-term liabilities. As of December 31, 2018, and December 31, 2017, the detail of payments charged to the line of single series bonds, second issue is as follows: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Interest payment 13,750 13,750 13,750 Series “M” and “O” bonds On April 4, 2012, the Company placed two bond series in the domestic market. Series M for UF 1,000,000 (ThUS$46,601) was placed at a term of 5 years with a single payment at the maturity of the term and an annual interest rate of 3.3%. On February 1, 2017, the M bond was canceled . Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Principal payment Series M bonds - 40,726 - Payment of interest, Series M bonds - 667 1,242 Series O for UF 1,500,000 (ThUS$69,901) was placed at a term of 21 years with a single payment at the maturity of the term and an annual interest rate of 3.80%. As of December 31, 2018, and December 31, 2017the Company has made the following payments with a charge to the Series O bonds: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2017 ThUS$ Payment of interest, Series O bonds 2,457 2,301 2,142 Single series bonds, third issue ThUS$300,000 On April 3, 2013, the Company issued a non-guaranteed bond in the United States with a value of US$300 million. The bond is for a 10-year term with an annual coupon rate of 3.625% and an annual yield of 3.716%. This rate equates to a difference of 180 basis points to comparable US Treasury bonds. The funds raised will be used to refinance long term liabilities and finance general corporate objectives. As of December 31, 2018, and December 31, 2017, the following payments have been made with a debit to the line of single-series bonds, third issue: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payment of interest 10,875 10,875 10,875 Single series bonds, fourth issuance ThUS$250,000 On October 23, 2014, the Company informed the CMF that Sociedad Química y Minera de Chile S.A. had agreed to issue and place unsecured bonds of ThUS$250,000 in international markets. These mature in 2025 and have annual interest rate of 4.375%, equivalent to a spread of 215 basis points on comparable US Treasury bonds, which were offered to investors at a price of 99.410% with respect to capital. The aforementioned agreement was agreed on October 23, 2014 and the issuance and placement of such bonds was performed in conformity with the provisions of Rule 144A of the US Securities Act of 1933 and these bonds will not be publicly offered in Chile. As of December 31, 2018, and December 31, 2017, the following payments have been made. Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payment of interest 10,938 10,938 10,938 Series “P” bonds On April 5, 2018, the Company informed the Financial Markets Commission that it had authorized the placement on the stock market of the Series “P” bond with a value of UF 3 million, with a charge to the 10 year Bonds Line registered in the FMC Securities Registry dated December 31, 2008 under number 563. The Bonds (i) mature on January 15, 2028; (ii) will accrue on the unpaid principal, expressed in UF, at an annual interest rate of 3.25% from January 15, 2018; and (iii) can be called early by the Company as of the date of placement, that is, as of April 5, 2018. Payments made 12/31/2018 ThUS$ Payment of interest 2,027 Series Q Bonds On October 31, 2018, the issuance of Series Q bonds (the "Bonds") was authorized in the general stock market for the sum of UF 3,000,000, which were issued with a charge to the 30-year Bonds Line registered in the Securities Registry of your Commission on February 14, 2012 under number 700. The Bonds (i) mature on the first day of June 2038; (ii) will earn an interest rate of 3.45% per annum on the outstanding capital, expressed in Unidades de Fomento, as of June 1, 2018; and (iii) may be redeemed early by the Company as of the placement date, that is, as of November 8, 2018. On November 8, 2018, all the Series Q Bonds have been placed and sold to Euroamerica S.A. for a total amount of $83,567,623,842, which was paid in full and in cash by Euroamerica S.A. to the Company. The funds obtained from the aforementioned placement will be used approximately 90% to finance the expansion program of lithium, potassium nitrate and iodine plants in Chile; the remainder will be used for the investment plan of the Company and its subsidiaries, and to finance working capital. Payments made 12/31/2018 ThUS$ Payment of interest 319 13.5 Trade and other payables 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Accounts payable 163,373 - 163,373 195,858 - 195,858 Other accounts payable 378 - 378 422 - 422 Total 163,751 - 163,751 196,280 - 196,280 As of December 31, 2018 and December 31, 2017, the balance of current and past due suppliers is as follows: Suppliers current on all payments Amounts according to payment periods as of 12/31/2018 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier Days days Days days days days ThUS$ Goods 48,969 1,919 912 25 278 2 52,105 Services 37,376 314 157 107 19 35 38,008 Others 54,978 161 20 - - 3 55,162 Total 141,323 2,394 1,089 132 297 40 145,275 Amounts according to payment periods as of 12/31/2017 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 72,567 - - - - - 72,567 Services 36,855 - - - - 3 36,858 Others 45,104 - - - - - 45,104 Total 154,526 - - - - 3 154,529 Suppliers past due on payments Amounts according to payment periods as of 12/31/2018 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 1,533 209 210 255 175 287 2,669 Services 12,229 838 109 111 309 141 13,737 Others 1,039 385 92 6 60 110 1,692 Total 14,801 1,432 411 372 544 538 18,098 Amounts according to payment periods as of 12/31/2017 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 16,693 448 3,965 1,784 1,602 42 24,534 Services 11,704 1,913 547 681 1,325 17 16,187 Others 479 9 13 20 46 41 608 Total 28,876 2,370 4,525 2,485 2,973 100 41,329 Purchase commitments held by the Company are recognized as liabilities when the goods and services are received by the Company, As of December 31, 2018, the Company has purchase orders amounting to ThUS$59,919 (ThUS$41,601 as of December 31, 2017). 13.6 Financial liabilities at fair value through profit or loss This balance relates to derivative instruments measured at their fair value, which have generated balances against the Company. The detail of this type of instrument is as follows: Financial liabilities at fair value with an impact on profit or loss 12/31/2018 Effect on profit or loss as of 12/31/2018 12/31/2017 Effect on profit or loss as of 12/31/2017 12/31/2016 Effect on profit or loss as of 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current Derivative instruments (IRS) - - - - - (229 ) Total - - - - - (229 ) 13.7 Financial asset and liability categories a) Financial Assets 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total Description of financial assets Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Cash and cash equivalent 556,066 - 556,066 630,438 - 630,438 Trade receivables due from related parties 44,554 - 44,554 59,132 - 59,132 Financial assets measured at amortized cost 291,790 75 291,865 360,941 45 360,986 Loans and receivables measured at amortized cost 464,855 2,275 467,130 446,875 1,912 448,787 Total financial assets measured at amortized cost 1,357,265 2,350 1,359,615 1,497,386 1,957 1,499,343 Derivative financial instruments - For hedging purposes 18,238 13,425 31,663 - 8,910 8,910 - At fair value through profit or loss 2,693 - 2,693 6,038 - 6,038 Financial assets at fair value through other comprehensive income - 3,631 3,631 - 33,924 33,924 Total financial assets at fa |
Intangible assets and goodwill
Intangible assets and goodwill | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Intangible Assets And Goodwill [Abstract] | |
Disclosure of intangible assets and goodwill [text block] | Note 14 Intangible assets and goodwill 14.1 Balances 12/31/2018 12/31/2017 ThUS$ ThUS$ Intangible assets other than goodwill 188,283 113,787 Goodwill (1) 34,718 37,972 Total 223,001 151,759 1) The recoverable amount of the cash-generating unit has been determined based on a calculation of the value in use which used cash flow projections for a 5-year period, plus perpetuity. The present value of the future cash flows generated by these assets has been estimated given a variance in sales volumes, market prices and costs, discounted at weighted average cost of capital (WACC) of 9.80%. 14.2 Disclosures on intangible assets and goodwill Intangible assets relate to goodwill, water rights, trademarks, industrial patents, rights of way, software, and mining claims which correspond to exploitation rights acquired from third-parties. Balances and movements in the main classes of intangible assets as of December 31, 2018 and December 31, 2017 are detailed as follows: 12/31/2018 Intangible assets and goodwill Useful life Gross amount ThUS$ Accumulated Amortization ThUS$ Accumulated Impairment losses ThUS$ Net Value ThUS$ Software Finite 28,833 (25,455 ) - 3,378 Intellectual property rights, patents and other industrial property rights, service Finite 1,254 (1,096 ) (7 ) 151 Mining property, water rights and rights of way. Indefinite 184,849 (88 ) (1,729 ) 183,032 Customer-related intangible assets Indefinite 1,778 - (205 ) 1,573 Other intangible assets Indefinite 149 - - 149 Intangible assets other than goodwill 216,863 (26,639 ) (1,941 ) 188,283 Goodwill Indefinite 37,972 - (3,254 ) 34,718 Total intangible assets and goodwill 254,835 (26,639 ) (5,195 ) 223,001 12/31/2017 Intangible assets and goodwill Useful life Gross amount ThUS$ Accumulated Amortization ThUS$ Net Value ThUS$ Software Finite 25,060 (19,769 ) 5,291 Intellectual property rights, patents and other industrial property rights, service Finite 1,250 (1,061 ) 189 Mining property, water rights and rights of way Indefinite 106,358 - 106,358 Customer-related intangible assets Indefinite 1,778 - 1,778 Other intangible assets Indefinite 171 - 171 Intangible assets other than goodwill 134,617 (20,830 ) 113,787 Goodwill Indefinite 37,972 - 37,972 Total intangible assets and goodwill 172,589 (20,830 ) 151,759 a) Estimated useful lives or amortization rates used for finite identifiable intangible assets Finite useful life measures the length of, or number of production or similar units constituting that useful life. The estimated useful life for software is 2-6 years, for other assets with a finite useful life, the useful life over which they are amortized corresponds to the periods defined by the contracts or rights from which they originate. Intellectual property rights, patents and other industrial property rights, service and exploitation rights, mainly relate to water rights and have a finite useful life to the extent to which they are subject to a fixed-term contract or otherwise they are considered to be indefinite. The company owns mining claims granted by Corfo, which correspond to assets subject to restitution. For this reason, they are considered assets with a finite useful life and their useful life is assigned until the year 2030 when the contract ends. b) Method used to assess identifiable intangible assets with indefinite useful life The recoverable value of the cash-generating unit has been determined based on a calculation of value-in-use using cash flow projections for a period of 5 years, plus perpetuity. The present value of future cash flows generated by these assets was calculated given a variation in sales volumes, market prices and costs, discounted at a WACC rate of 8.04%. This group of intangible assets includes water rights acquired in Chile, and mining concessions held by the company in Chile and Australia, and these rights are recorded at acquisition cost. c) Minimum and maximum amortization lives or rates of intangible assets: Estimated useful lives or amortization rate Minimum life or rate Maximum life or rate Mining property, water rights and rights of way Indefinite Indefinite Intangible assets other than goodwill Indefinite Indefinite Intellectual property rights, patents and other industrial property rights, service and exploitation rights 1 year 16 years Trademarks 1 year 5 years Software 2 years 6 years The following table shows the movements in goodwill as of December 31, 2018 : Company Goodwill 01/01/2018 Additional recognition Impairment losses Transferred to available for sale Goodwill 12/31/2018 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Industrial S.A. 3,214 - (3,214 ) - - SQM S.A. 22,255 - - - 22,255 SQM Investment Corporation 86 - - - 86 Soquimich Comercial S.A. 320 - (40 ) - 280 Soquimich European Holding 11,373 - - - 11,373 SQM Potasio S.A. 724 - - - 724 Total 37,972 - (3,254 ) - 34,718 d) Information to be disclosed on assets generated internally The Company has no intangible assets generated internally. e) Movements in identifiable intangible assets as of December 31, 2018: Movements in identifiable intangible assets, gross Trademarks Software Intellectual property rights, patents and other industrial property rights, service, rights of way Mining property, water rights Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 25,060 1,250 106,358 1,778 171 37,972 172,589 Additions 1,159 5 77,201 - 11 - 78,376 Increases (decreases) for transfers - - - - - - - Other increases / decreases for foreign currency exchange rates (5 ) (1 ) (4 ) - - - (10 ) (-) Impairment losses recognized in profit or loss for the year - - - - - - - Transferred to available for sale - - - - - - - Other increases (decreases) 2,619 - 1,294 - (33 ) - 3,880 Total increases (decreases) 3,773 4 78,491 1,778 (22 ) - 82,246 Final balance 28,833 1,254 184,849 1,778 149 37,972 254,835 Accumulated amortization Movements in Identifiable intangible assets IT programs Intellectual property rights, patents and other industrial property rights, service. Finite Mining property, water rights and rights of way Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance (19,769 ) (1,061 ) - - - - (20,830 ) Additions - - - - - - - Other increases / decreases for foreign currency exchange rates 4 - - - - - 4 (-) Impairment losses recognized in profit or loss for the year - (7 ) (1,729 ) (205 ) - (3,254 ) (5,195 ) Amortization (2,880 ) (35 ) (88 ) - - - (3,003 ) Other increases (decreases) (2,810 ) - - - - - (2,810 ) Total increases (decreases) (5,686 ) (42 ) (1,817 ) (205 ) - (3,254 ) (11,004 ) Final balance (25,455 ) (1,103 ) (1,817 ) (205 ) - (3,254 ) (31,834 ) f) Movements in identifiable intangible assets as of December 31, 2018, continued Net value Movements in Identifiable intangible assets IT programs Intellectual property rights, patents and other industrial property rights, service. Finite Mining property, water rights and rights of way Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 5,291 189 106,358 1,778 171 37,972 151,759 Additions 1,159 5 77,201 - 11 - 78,376 Increases (decreases) for transfers - - - - - - Amortization (2,880 ) (35 ) (88 ) - - - (3,003 ) Impairment losses recognized in profit or loss for the year - (7 ) (1,729 ) (205 ) - (3,254 ) (5,195 ) Other increases / decreases for foreign currency exchange rates (1 ) (1 ) (4 ) - - - (6 ) Transferred to available for sale - - - - - - - Other increases (decreases) (191 ) - 1,294 - (33 ) - 1,070 Total increases (decreases) (1,913 ) (38 ) 76,674 (205 ) (22 ) (3,254 ) 71,242 Final balance 3,378 151 183,032 1,573 149 34,718 223,001 g) Movements in identifiable intangible assets as of December 31, 2017: Gross value Movements in Identifiable intangible assets IT programs Intellectual property rights, patents and other industrial property rights, service. Finite Mining property, water rights and rights of way Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 23,280 1,483 106,436 2,942 - 37,972 172,113 Additions 939 8 - - 171 - 1,118 Increases (decreases) for transfers - - (205 ) - - - (205 ) (-) Impairment losses recognized in profit or loss for the year - - - - - - - Other increases (decreases) 841 (241 ) 127 (1,164 ) - - (437 ) Total increases (decreases) 1,780 (233 ) (78 ) (1,164 ) 171 - 476 Final balance 25,060 1,250 106,358 1,778 171 37,972 172,589 g) Movements in identifiable intangible assets as of December 31, 2017: Movements in identifiable intangible assets, accumulated amortization Software Intellectual property rights, patents and other industrial property rights, service, rights of way Mining property, water rights and rights of way. Indefinite. Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance (16,234 ) (1,023 ) - - - - (17,257 ) Additions - - - - - - - Amortization (2,653 ) (38 ) - - - - (2,691 ) Other increases (decreases) (882 ) - - - - - (882 ) Total Increases (decreases) (3,535 ) (38 ) - - - - (3,573 ) Final balance (19,769 ) (1,061 ) - - - (20,830 ) Movements in identifiable intangible assets, net Software Intellectual property rights, patents and other industrial property rights, service, rights of way Mining property, water rights and rights of way. Indefinite. Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 7,046 460 106,436 2,942 - 37,972 154,856 Additions 939 8 - - 171 - 1,118 Increases (decreases) for transfers - - (205 ) - - - (205 ) Amortization (2,653 ) (38 ) - - - - (2,691 ) Impairment - - - - - - - Increases (decreases) for transfers - - - - - - Other increases (decreases) (41 ) (241 ) 127 (1,164 ) - - (1,319 ) Total Increases (decreases) (1,755 ) (271 ) (78 ) (1,164 ) 171 - (3,097 ) Final balance 5,291 189 106,358 1,778 171 37,972 151,759 h) Movements in identifiable intangible assets as of December 31, 2016: Movements in identifiable intangible assets, gross Trademarks Software Intellectual property rights, patents and other industrial property rights, service, rights of way Intellectual property rights, patents and other industrial property rights, service, rights of way Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 3,821 23,251 1,448 96,500 3,651 38,388 167,059 Additions - 160 25 2,100 - - 2,285 Other increases (decreases) (3,821 ) (131 ) 10 (4 ) (314 ) (416 ) (4,676 ) Final balance - 23,280 1,483 98,596 3,337 37,972 164,668 Movements in identifiable intangible assets, accumulated amortization Trademarks Software Intellectual property rights, patents and other industrial property rights, service, rights of way Intellectual property rights, patents and other industrial property rights, service, rights of way Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance (3,821 ) (13,438 ) (984 ) - - - (18,243 ) Additions - - - - - - - Amortization - (2,796 ) (38 ) - - - (2,834 ) Other increases (decreases) 3,821 - (1 ) - - - 3,820 Final balance - (16,234 ) (1,023 ) - - - (17,257 ) h) Movements in identifiable intangible assets as of December 31, 2016: Movements in identifiable intangible assets, net Trademarks Software Intellectual property rights, patents and other industrial property rights, service rights of way Intellectual property rights, patents and other industrial property rights, service rights of way Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance - 9,813 464 96,500 3,651 38,388 148,816 Additions - 160 25 2,100 - - 2,285 Amortization - (2,796 ) (38 ) - - - (2,834 ) Other increases (decreases) - (131 ) 9 (4 ) (314 ) (416 ) (856 ) Final balance - 7,046 460 98,596 3,337 37,972 147,411 |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Disclosure of detailed information about property, plant and equipment explanatory [Text Block] | Note 15 Property, plant and equipment As of December 31, 2018 and December 31, 2017, the detail of property, plant and equipment is as follows: 15.1 Types of property, plant and equipment Description of types of property, plant and equipment 12/31/2018 ThUS$ 12/31/2017 ThUS$ Property, plant and equipment, net Land 24,695 24,900 Buildings 238,808 230,319 Other property, plant and equipment 28,175 24,862 Transport equipment 2,892 3,257 Supplies and accessories 4,722 1,872 Office equipment 513 487 Network and communication equipment 692 1,050 Mining assets 11,501 16,237 IT equipment 4,980 3,401 Energy generating assets 6,117 7,861 Constructions in progress 207,830 165,054 Machinery, plant and equipment (1) 923,898 950,054 Total 1,454,823 1,429,354 Property, plant and equipment, gross Land 24,695 24,900 Buildings 648,719 610,264 Other property, plant and equipment 245,731 244,831 Transport equipment 11,668 11,195 Supplies and accessories 24,456 19,498 Office equipment 11,377 11,105 Network and communication equipment 7,505 7,356 Mining assets 132,309 129,028 IT equipment 29,955 27,038 Energy generating assets 36,930 36,643 Constructions in progress 207,830 165,054 Machinery, plant and equipment 3,068,862 2,938,287 Total 4,450,037 4,225,199 Accumulated depreciation and value impairment of property, plant and equipment, total Accumulated depreciation and impairment of buildings (409,911 ) (379,945 ) Accumulated depreciation and impairment of other property, plant and equipment (217,556 ) (219,969 ) Accumulated depreciation and impairment of transport equipment (8,776 ) (7,938 ) Accumulated depreciation and impairment of supplies and accessories (19,734 ) (17,626 ) Accumulated depreciation and impairment of office equipment (10,864 ) (10,618 ) Accumulated depreciation and impairment of network and communication equipment (6,813 ) (6,306 ) Accumulated depreciation and impairment of mining assets (120,808 ) (112,791 ) Accumulated depreciation and impairment of IT equipment (24,975 ) (23,637 ) Accumulated depreciation and impairment of energy generating assets (30,813 ) (28,782 ) Accumulated depreciation and impairment of machinery, plant and equipment (2,144,964 ) (1,988,233 ) Total (2,995,214 ) (2,795,845 ) (1) The detail of machinery, plant and equipment is as follows: Description of classes of property, plant and equipment 12/31/2018 ThUS$ 12/31/2017 ThUS$ Property, plant and equipment, net Pumps 34,145 33,614 Conveyor belt 22,082 24,832 Crystallizer 27,112 15,519 Plant equipment 188,934 186,885 Water tanks 14,876 11,296 Filter 29,300 18,572 Facilities/electrical equipment 96,179 105,600 Other machinery, plant and equipment 71,964 72,812 Piping 98,498 113,641 Pond 250,045 275,731 Well 42,903 46,802 Parts 47,860 44,750 Total 923,898 950,054 * The net balance of other machinery, plant and equipment includes capitalized site closure expenses of ThUS$ 12,967 14,104 15.2 Reconciliation of changes in property, plant and equipment by type: Reconciliation of changes in property, plant and equipment by class as of December 31, 2018 and December 31, 2017: Reconciliation of changes in property, plant and equipment by class as of December 31, 2018, gross amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 24,900 610,264 244,831 11,195 19,498 11,105 7,356 129,028 27,038 36,643 165,054 2,938,287 4,225,199 Changes Additions - 28 833 - 41 15 - - 489 - 263,290 1,448 266,144 Disposals - (38 ) (7,811 ) (51 ) - - - - (10 ) - (6,582 ) (1,666 ) (16,158 ) Increase (decrease) in foreign currency translation difference (64 ) (134 ) (8 ) (3 ) (19 ) (6 ) - - (11 ) - - (153 ) (398 ) Reclassifications - 38,746 10,330 529 4,889 268 150 3,281 2,100 75 (184,095 ) 123,726 (1 ) Other increases (decreases) (*) - (147 ) (2,444 ) (2 ) 47 (5 ) (1 ) - 349 212 (29,837 ) 7,220 (24,608 ) Decreases for classification as held for sale (1) (141 ) - - - - - - - - - - - (141 ) Total changes (205 ) 38,455 900 473 4,958 272 149 3,281 2,917 287 42,776 130,575 224,838 Closing balance 24,695 648,719 245,731 11,668 24,456 11,377 7,505 132,309 29,955 36,930 207,830 3,068,862 4,450,037 Reconciliation of changes in property, plant and equipment by class as of December 31, 2018, accumulated depreciation Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance - (379,945 ) (219,969 ) (7,938 ) (17,626 ) (10,618 ) (6,306 ) (112,791 ) (23,637 ) (28,782 ) - (1,988,233 ) (2,795,845 ) Changes Disposals - 38 7,737 8 - - - - 10 - - 1,722 9,515 Depreciation expense - (29,829 ) (7,415 ) (880 ) (2,056 ) (271 ) (483 ) (8,017 ) (1,374 ) (2,026 ) - (158,900 ) (211,251 ) Impairment - (437 ) - - - - - - - (12 ) - (941 ) (1,390 ) Increase (decrease) in foreign currency translation difference - 41 4 1 12 3 - - (1 ) - - 61 121 Reclassifications - 106 (483 ) - (87 ) (17 ) (28 ) - 90 1 - 419 1 Other increases (decreases) (*) - 115 2,570 33 23 39 4 - (63 ) 6 - 908 3,635 Decreases for classification as held for sale (1) - - - - - - - - - - - - - Total changes - (29,966 ) 2,413 (838 ) (2,108 ) (246 ) (507 ) (8,017 ) (1,338 ) (2,031 ) - (156,731 ) (199,369 ) Closing balance - (409,911 ) (217,556 ) (8,776 ) (19,734 ) (10,864 ) (6,813 ) (120,808 ) (24,975 ) (30,813 ) - (2,144,964 ) (2,995,214 ) Reconciliation of changes in property, plant and equipment by class as of December 31, 2018, net amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 24,900 230,319 24,862 3,257 1,872 487 1,050 16,237 3,401 7,861 165,054 950,054 1,429,354 Changes Additions - 28 833 - 41 15 - - 489 - 263,290 1,448 266,144 Disposals - - (74 ) (43 ) - - - - - - (6,582 ) 56 (6,643 ) Depreciation expense - (29,829 ) (7,415 ) (880 ) (2,056 ) (271 ) (483 ) (8,017 ) (1,374 ) (2,026 ) - (158,900 ) (211,251 ) Impairment - (437 ) - - - - - - - (12 ) - (941 ) (1,390 ) Increase (decrease) in foreign currency translation difference (64 ) (93 ) (4 ) (2 ) (7 ) (3 ) - - (12 ) - - (92 ) (277 ) Reclassifications - 38,852 9,847 529 4,802 251 122 3,281 2,190 76 (184,095 ) 124,145 - Other increases (decreases) (*) - (32 ) 126 31 70 34 3 - 286 218 (29,837 ) 8,128 (20,973 ) Decreases for classification as held for sale (1) (141 ) - - - - - - - - - - - (141 ) Total changes (205 ) 8,489 3,313 (365 ) 2,850 26 (358 ) (4,736 ) 1,579 (1,744 ) 42,776 (26,156 ) 25,469 Closing balance 24,695 238,808 28,175 2,892 4,722 513 692 11,501 4,980 6,117 207,830 923,898 1,454,823 (*) The net balance of other increases (decreases) corresponds to all those items that are reclassified to or from property, plant and equipment. They can have the following origin:1) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; 2) the variation representing the purchase and use of materials and spare parts; 3) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; 4) software that is reclassified to Intangibles. (1) Any property, plant and equipment (disposal group) that, at the closing date of the financial statements, is subject to a commitment for sale or where the sales process has been initiated and where the sale is expected to occur within twelve months of that date, is classified by the Company as non-current assets held for sale. These assets or disposal groups are valued at the lower of carrying amount or the estimated sales value less the costs to sell and stop being amortized from the moment they are classified as non-current assets held for sale. Reconciliation of changes in property, plant and equipment by class as of December 31, 2017, gross amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 32,702 582,082 253,555 10,819 18,259 17,731 7,522 158,514 20,316 34,812 170,710 2,833,819 4,140,841 Changes Additions - 189 541 - 115 42 12 - 899 122 149,133 10,747 161,800 Disposals - (59 ) (11,623 ) (321 ) - (23 ) - (30,082 ) (57 ) - - (3,374 ) (45,539 ) Increase (decrease) in foreign currency translation difference 45 103 3 1 - - - - (2 ) - 1 118 269 Reclassifications - 23,336 8,255 696 1,044 172 123 596 122 1,709 (135,988 ) 99,744 (191 ) Other increases (decreases) (*) (7,436 ) 4,669 (5,900 ) - 80 (6,817 ) (301 ) - 5,760 - (18,802 ) (2,767 ) (31,514 ) Decreases for classification as held for sale (1) (411 ) (56 ) - - - - - - - - - - (467 ) Total changes (7,802 ) 28,182 (8,724 ) 376 1,239 (6,626 ) (166 ) (29,486 ) 6,722 1,831 (5,656 ) 104,468 84,358 Closing balance 24,900 610,264 244,831 11,195 19,498 11,105 7,356 129,028 27,038 36,643 165,054 2,938,287 4,225,199 Reconciliation of changes in property, plant and equipment by class as of December 31, 2017, accumulated depreciation Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance - (344,497 ) (227,138 ) (7,464 ) (16,486 ) (14,089 ) (5,836 ) (133,871 ) (19,950 ) (26,621 ) - (1,812,179 ) (2,608,131 ) Changes Disposals - 58 11,622 312 - 3 - 30,083 25 - - 3,210 45,313 Depreciation expense - (33,306 ) (6,759 ) (730 ) (1,047 ) (357 ) (665 ) (10,638 ) (909 ) (2,184 ) - (170,565 ) (227,160 ) Impairment - - - - - - - - - - - (5,205 ) (5,205 ) Increase (decrease) in foreign currency translation difference - - - (35 ) (3 ) (2 ) - - - - (11 ) - - (58 ) (109 ) Reclassifications - (62 ) 38 (32 ) (110 ) (69 ) (25 ) - (46 ) 26 - 344 64 Other increases (decreases) (*) - (2,102 ) 2,271 (22 ) 17 3,894 220 1,635 (2,746 ) (3 ) - (3,780 ) (616 ) Decreases for classification as held for sale (1) - (1 ) - - - - - - - - - - (1 ) Total changes - (35,448 ) 7,169 (474 ) (1,140 ) 3,471 (470 ) 21,080 (3,687 ) (2,161 ) - (176,054 ) (187,714 ) Closing balance - (379,945 ) (219,969 ) (7,938 ) (17,626 ) (10,618 ) (6,306 ) (112,791 ) (23,637 ) (28,782 ) - (1,988,233 ) (2,795,845 ) Reconciliation of changes in property, plant and equipment by class as of December 31, 2017, net amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 32,702 237,585 26,417 3,355 1,773 3,642 1,686 24,643 366 8,191 170,710 1,021,640 1,532,710 Changes Additions - 189 541 - 115 42 12 - 899 122 149,133 10,747 161,800 Disposals - (1 ) (1 ) (9 ) - (20 ) - 1 (32 ) - - (164 ) (226 ) Depreciation expense - (33,306 ) (6,759 ) (730 ) (1,047 ) (357 ) (665 ) (10,638 ) (909 ) (2,184 ) - (170,565 ) (227,160 ) Impairment - - - - - - - - - - - (5,205 ) (5,205 ) Increase (decrease) in foreign currency translation difference 45 68 - (1 ) - - - - (13 ) - 1 60 160 Reclassifications - 23,274 8,293 664 934 103 98 596 76 1,735 (135,988 ) 100,088 (127 ) Other increases (decreases) (*) (7,436 ) 2,567 (3,629 ) (22 ) 97 (2,923 ) (81 ) 1,635 3,014 (3 ) (18,802 ) (6,547 ) (32,130 ) Decreases for classification as held for sale (1) (411 ) (57 ) - - - - - - - - - - (468 ) Total changes (7,802 ) (7,266 ) (1,555 ) (98 ) 99 (3,155 ) (636 ) (8,406 ) 3,035 (330 ) (5,656 ) (71,586 ) (103,356 ) Closing balance 24,900 230,319 24,862 3,257 1,872 487 1,050 16,237 3,401 7,861 165,054 950,054 1,429,354 (*) The net balance of other increases (decreases) corresponds to all those items that are reclassified to or from property, plant and equipment, They can have the following origin:1) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; 2) the variation representing the purchase and use of materials and spare parts; 3) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; 4) assets for retirement obligations and 5) software that is reclassified to Intangibles. (1) Any property, plant and equipment (disposal group) that, at the closing date of the financial statements, is subject to a commitment for sale or where the sales process has been initiated and where the sale is expected to occur within twelve months of that date, is classified by the Company as non-current assets held for sale. These assets or disposal groups are valued at the lower of carrying amount or the estimated sales value less the costs to sell and stop being amortized from the moment they are classified as non-current assets held for sale. 15.3 Detail of property, plant and equipment pledged as guarantee There are no restrictions in title or guarantees for compliance with obligations that affect property, plant and equipment. 15.4 Impairment of assets As indicated in Note 3.28 to the financial statements, the recoverable amount of property, plant and equipment is measured provided that there is an indication that the asset could be impaired. As of December 31, 2018, impairment of ThUS$ 1,390 5,205 15.5 Additional Information Capitalized interest As of December 31, 2018, capitalized interest totaled ThUS$ 5,021 4,382 No borrowing costs are capitalized for periods beyond the normal period for acquiring, constructing or installing an asset such as delays, interruptions or temporary suspension of projects due to technical, financial or other problems that render the asset unusable. |
Other current and non-current n
Other current and non-current non-financial assets | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other non-financial assets [Abstract] | |
Disclosure of other non-financial assets [Text Block] | Note 16 Other current and non-current non-financial assets As of December 31, 2018, and December 31, 2017, the detail of other current and non-current assets is as follows: Other non-financial assets, current 12/31/2018 12/31/2017 ThUS$ ThUS$ Domestic Value Added Tax 20,209 11,484 Foreign Value Added Tax 7,211 5,122 Prepaid mining licenses 1,329 1,205 Prepaid insurance 1,763 2,446 Other prepayments 2,988 1,443 Refund of Value Added Tax to exporters 12,545 941 Other taxes 2,800 4,027 Other assets 341 215 Total 49,186 26,883 Other non-financial assets, non-current 12/31/2018 12/31/2017 ThUS$ ThUS$ Stain development expenses and prospecting expenses (1) 26,189 17,721 Guarantee deposits 712 771 Other assets 639 770 Total 27,540 19,262 1) Reconciliation of changes in assets for exploration and mineral resource evaluation, by type. Movements in assets for the exploration and evaluation of mineral resources as of December 31, 2018, and December 31, 2017: Reconciliation 12/31/2018 12/31/2017 ThUS$ ThUS$ Opening balance 17,721 23,008 Changes Additions, other than business combinations 11,298 - Reclassifications 1,987 595 Increase (decrease) due to transfers and other charges (4,817 ) (5,882 ) Total changes 8,468 (5,287 ) Total 26,189 17,721 As of the presentation date, no reevaluations of assets for exploration and assessment of mineral resources have been conducted. |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about provision for employee benefits [Abstract] | |
Disclosure of employee benefits [text block] | Note 17 Employee benefits 17.1 Provisions for employee benefits Classes of benefits and expenses by employee 12/31/2018 12/31/2017 ThUS$ ThUS$ Current Profit sharing and bonuses 20,085 22,421 Total 20,085 22,421 Non-current Profit sharing and bonuses 8,831 6,487 Severance indemnity payments 28,233 27,445 Total 37,064 33,932 17.2 Policies on defined benefit plan This policy is applied to all benefits received for services provided by the Company's employees. Short-term benefits for active employees are represented by salaries, social welfare benefits, paid time off, sickness and other types of leave, profit sharing and incentives and non-monetary benefits; e.g., healthcare service, housing, subsidized or free goods or services. These will be paid in a term which does not exceed twelve months. The Company only provides compensation and benefits to active employees, with the exemption of SQM North America, which applies the definitions under 17.4 below. SQM maintains incentive programs for its employees based on their personal performance, the Company’s performance and other short-term and long-term indicators. For each incentive bonus delivered to the Company’s employees, there will be a disbursement in the first quarter of the following year and this will be calculated based on profit for the period at the end of each period applying a factor obtained subsequent to each employee’s appraisal process. Employee benefits include retention bonuses for the Company’s executives, which are linked to the Company’s share price and are paid in cash. The short-term portion is presented as a provision for current employee benefits and the long-term portion as non-current. Staff severance indemnities are agreed and payable based on the final salary, calculated in accordance with each year of service to the Company, with certain maximum limits in respect of either the number of years or in monetary terms, In general, this benefit is payable when the employee or worker ceases to provide his/her services to the Company and there are a number of different circumstances through which a person can be eligible for it, as indicated in the respective agreements; e.g., retirement, dismissal, voluntary retirement, incapacity or disability, death, etc. Law No, 19,728 17.3 Other long-term benefits The other long-term benefits relate to staff severance indemnities and are recorded at their actuarial value, a nd an executive compensation plan (see Note 18.6). Staff severance indemnities at actuarial value 12/31/2018 12/31/2017 ThUS$ ThUS$ Staff severance indemnities, Chile 27,562 25,893 Executive severance plan 8,831 6,487 Severance for foreigners 671 1,552 Total other non-current liabilities 37,064 33,932 The actuarial assessment method has been used to calculate the Company’s obligations with respect to staff severance indemnities, which relate to defined benefit plans consisting of days of remuneration per year served at the time of retirement under conditions agreed in the respective agreements established between the Company and its employees. Under this benefit plan, the Company retains the obligation to pay staff severance indemnities related to retirement, without establishing a separate fund with specific assets, which is referred to as not funded. The discount interest rate of expected flows to be used was 4,89 Benefit payment conditions The staff severance indemnity benefit relates to remuneration days for years worked for the Company without a limit being imposed in regard of amount of salary or years of service. It applies when employees cease to work for the Company because they are made redundant or in the event of their death. This benefit is applicable up to a maximum age of 65 60 3,500 Methodology The Company’s benefits obligation under IAS 19 Projected Benefit Obligation (PBO) is determined as follows: To determine the Company's total liability, we used computer software to develop a mathematical simulation model using the data for each individual employee. This model considered months as discrete time; i.e., the Company determined the age of each person and his/her salary on a monthly basis according to the growth rate. This information on each person was simulated from the beginning of his/her employment contract or when he/she started earning benefits up to the month in which he/she reaches normal retirement age, generating in each period the possible retirement according to the Company’s turnover rate and the mortality rate according to the age reached. When he/she reaches the retirement age, the employee finishes his/her service for the Company and receives a retirement indemnity. The methodology followed to determine the accrual for all the employees covered by agreements took account of the turnover rates and the mortality rate RV-2009 established by the CMF to calculate pension-related life insurance reserves in Chile according to the Accumulated Benefit Valuation or Accrued Cost of Benefit Method. This methodology is established in IAS 19 on Retirement Benefit Costs. 17.4 Post-employment benefit obligations Our subsidiary SQM North America, together with its employees established a pension plan until 2002 called the “SQM North America Retirement Income Plan”. This obligation is calculated measuring the expected future forecast staff severance indemnity obligation using a net salary gradual rate of restatements for inflation, mortality and turnover assumptions, discounting the resulting amounts at present value using the interest rate defined by the authorities. Since 2003, SQM North America offers to its employees benefits related to pension plans based on the 401-K system, which do not generate obligations for the Company. Reconciliation 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Changes in the benefit obligation Benefit obligation at the beginning of the year 8,755 8,185 7,949 Service cost - 2 2 Interest cost 319 359 387 Actuarial loss 63 556 200 Benefits paid (480 ) (347 ) (353 ) Benefit obligation at the end of the year 8,657 8,755 8,185 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Changes in the plan assets: Fair value of plan assets at the beginning of the year 8,751 7,404 7,464 Actual return (loss) in plan assets 133 1,694 293 Benefits paid (480 ) (347 ) (353 ) Fair value of plan assets at the end of the year 8,404 8,751 7,404 Financing status (253 ) (4 ) (781 ) Items not yet recognized as net periodic pension cost components: Net actuarial loss at the beginning of the year (2,614 ) (3,432 ) (3,165 ) Amortization during the year 160 219 184 Net estimated gain or loss occurred during the year (568 ) 599 (451 ) Adjustment to recognize the minimum pension obligation (3,022 ) (2,614 ) (3,432 ) The net periodic pension expense was composed of the following components for the years ended December 31, 2018, 2017 and 2016: Reconciliation 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Service cost or benefits received during the year - 2 2 Interest cost in benefit obligation 319 359 387 Actual return in plan assets 133 1,694 293 Amortization of prior year losses 160 219 184 Net gain during the year (568 ) 599 610 Net periodic pension expense (159 ) 41 29 17.5 Staff severance indemnities As of December 31, 2018 and 2017, severance indemnities calculated at the actuarial value are as follows: 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Opening balance (27,445 ) (22,532 ) (21,995 ) Current cost of service (1,529 ) (934 ) (1,333 ) Interest cost (1,658 ) (1,488 ) (1,407 ) Actuarial gain/loss (1,617 ) (1,144 ) (2,253 ) Exchange rate difference 2,710 (2,284 ) (1,215 ) Benefits paid during the year 1,306 937 5,671 Balance (28,233 ) (27,445 ) (22,532 ) a) Actuarial assumptions The liability recorded for staff severance indemnity is valued at the actuarial value method, using the following actuarial assumptions: 12/31/2018 12/31/2017 12/31/2016 Mortality rate RV - 2014 RV - 2014 RV - 2009 Actual annual interest rate 4.642 % 5.114 % 4.522 % Voluntary retirement rate: Men 6.49 % 6.49 % 7.16 % annual Women 6.49 % 6.49 % 7.16 % annual Salary increase 3.00 % 3.00 % 3.60 % annual Retirement age: Men 65 65 65 years Women 60 60 60 years b) Sensitivity analysis of assumptions As of December 31, 2018 and December 31, 2017, the Company has conducted a sensitivity analysis of the main assumptions of the actuarial calculation, determining the following: Sensitivity analysis 12/31/2018 Effect + 100 basis points ThUS$ Effect - 100 basis points ThUS$ Discount rate (1,807 ) 2,033 Employee turnover rate (237 ) 265 Sensitivity analysis 12/31/2017 Effect + 100 basis points ThUS$ Effect - 100 basis points ThUS$ Discount rate (1,991 ) 2,436 Employee turnover rate (252 ) 281 Sensitivity relates to an increase/decrease of 100 17.6 Executive compensation plan The Company currently has a compensation plan with the purpose of motivating the Company’s executives and encouraging them to remain with the Company, by granting payments based on the change in the price of SQM’s shares. There is a partial payment of the share benefit program in the event of termination of the contract for causes other than the resignation and application of Article 160 of the Chilean Labor Code. Average Share Price Spread Plan characteristics This compensation plan is related to the Company’s performance through the SQM Series B share price (Santiago Stock Exchange). Plan participants A total of 37 Company executives are entitled to this plan, provided that they continue to work for the Company through to the end of 2020. The payment dates, if applicable, will be during the first quarter of 2021. Compensation The compensation payable to each executive is calculated by multiplying a) by b): a) The average price of Series B shares on the Santiago Stock Exchange during the fourth quarter of 2020, at its equivalent amount in dollars (with a maximum amount or limit amount of US$ 54 b) By a number equal to the quantity of shares that have been individually assigned to each executive included in the plan. This compensation plan was approved by the Company’s Board of Directors and its application started on January 1, 2017. The effect of the plan considers 476,302 3,754 533,476 6,487 |
Provisions and other non-financ
Provisions and other non-financial liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other provisions [abstract] | |
Disclosure of provisions [text block] | Note 18 Provisions and other non-financial liabilities 18.1 Types of provisions 12/31/2018 12/31/2017 Current Non- current Total Current Non- current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Provision for legal complaints (*) 11,862 3,000 14,862 16,419 3,000 19,419 Provision for dismantling, restoration and rehabilitation cost (**) - 28,822 28,822 - 26,954 26,954 Other provisions (***) 94,335 - 94,335 47,026 47 47,073 Total 106,197 31,822 138,019 63,445 30,001 93,446 (*) These provisions correspond to legal processes that are pending resolution or that have not yet been disbursed. These provisions are mainly related to litigation involving the subsidiaries located in Chile, Brazil and the United States (see note 22.1). (**) The commitments related to Sernageomin have been incorporated through the issuance of the guarantee for the restoration of the place where the production sites are located. (***) See Note 18.2 18.2 Description of other provisions Current provisions, other short-term provisions 12/31/2018 12/31/2017 ThUS$ ThUS$ Rent under Lease contract with Corfo (*) 84,826 32,331 Provision for additional tax related to foreign loans 471 416 End of agreement bonus 5,129 4,522 Directors’ per diem allowance 2,881 2,630 Provision for subsidiary restructuring - 6,000 Miscellaneous provisions 1,028 1,127 Total 94,335 47,026 Other long-term provisions Investments with negative equity - 47 Total - 47 (*) Payment Obligations for the lease contract with CORFO: These correspond to obligations assumed in the modification of the Lease Agreement for extraction of mining claims owned by the Chilean Economic Development Agency (CORFO). Part of the obligations include quarterly lease payments to CORFO, based on SQM Salar’s sales for the period of products obtained from the claims leased; another part corresponds to annual contributions that SQM Salar must make, since 2018, to Research and Development and to Communities and Regional Development. 2017 includes US$ 20.4 18.3 Other current liabilities Other liabilities non-financial current Description of other liabilities 12/31/2018 12/31/2017 ThUS$ ThUS$ Tax withholdings 4,782 7,404 VAT payable 7,345 3,344 Guarantees received 2,641 2,638 Accrual for dividend 109,670 110,529 Monthly tax provisional payments 21,001 11,684 Deferred income 18,574 5,301 Withholdings from employees and salaries payable 6,052 6,725 Accrued vacations (*) 20,070 19,042 Other current liabilities 4,489 2,137 Total 194,624 168,804 (*) Vacation benefit (short-term benefits to employees, current) is in line with the provisions established in Chile’s Labor Code, which indicates that employees with more than a year of service will be entitled to annual vacation for a period of at least fifteen paid business days. The Company provides the benefit of two additional vacation days. 18.4 Changes in provisions Description of items that gave rise to variations as of 12/31/2018 Legal complaints Provision for dismantling, restoration and rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 19,419 26,954 47,073 93,446 Changes in provisions: Additional provisions 1,000 1,820 96,516 99,336 Provision used (5,557 ) - (49,221 ) (54,778 ) Increase(decrease) in foreign currency exchange - - - - others - 48 (33 ) 15 Total Increase (decreases) (4,557 ) 1,868 47,262 44,573 Total provisions, final balance 14,862 28,822 94,335 138,019 Description of items that gave rise to variations as of Legal complaints Provision for dismantling, restoration and rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 23,867 5,890 21,089 50,846 Changes in provisions: Additional provisions 6,352 21,064 33,507 60,923 Provision used (10,800 ) - (7,538 ) (18,338 ) Increase(decrease) in foreign currency exchange - - 9 9 Others - - 6 6 Total Increase (decreases) (4,448 ) 21,064 25,984 42,600 Total provisions, final balance 19,419 26,954 47,073 93,446 Description of items that gave rise to variations as of Legal complaints Provision for dismantling, restoration and rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 21,067 5,890 13,445 40,402 Changes in provisions: Additional provisions 2,800 - 54,310 57,110 Provision used - - (47,261 ) (47,261 ) Increase(decrease) in foreign currency exchange - - 128 128 Others - - 467 467 Total Increase (decreases) 2,800 - 7,644 10,444 Total provisions, final balance 23,867 5,890 21,089 50,846 |
Disclosures on equity
Disclosures on equity | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about controls capital management [Abstract] | |
Disclosure of issued capital [text block] | Note 19 Disclosures on equity The detail and movements in the funds of equity accounts are shown in the consolidated statement of changes in equity. 19.1 Capital management The main object of capital management relative to the administration of the Company’s financial debt and equity is to ensure the regular conduct of operations and business continuity in the long term, with the constant intention of maintaining an adequate level of liquidity and in compliance with the financial safeguards established in the debt contracts in force. Within this framework, decisions are made in order to maximize the value of SQM. Capital management must comply with, among others, the limits contemplated in the Financing Policy approved by the Shareholders’ Meeting, which establish a maximum consolidated indebtedness level of 1.5 times the debt to equity ratio. This limit can be exceeded only if the Company’s management has first obtained express approval at an Extraordinary Shareholders’ Meeting. In addition, capital management must comply with the external capital requirements (or covenants) imposed in its financial obligations, which regulate the indebtedness level to 1.2 times, its strictest level. In conjunction with the level of indebtedness, it is also important for the Company to maintain a comfortable profile of maturities for its financial obligations, in order to oversee the relation between its short-term financial obligations and the long-term maturities, and the relation they have with the Company’s asset distribution. Consequently, the Company has maintained a liquidity level of 3 times during the last periods. The Company’s management controls capital management based on the following ratios: CAPITAL MANAGEMENT 12/31/2018 12/31/2017 Description (1) Calculation (1) Net Financial Debt ThUS$ 471,755 245,508 Financial Debt – Financial Resources Other current Financial Liabilities + Other Non-Current Financial Liabilities – Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current Liquidity 4.32 3.29 Current Assets divided by Current Liabilities Total Current Assets / Total Current Liabilities Net Debt / Capitalization 0.18 0.10 Net Financial Debt divided by Total Equity Net financial debt / Total Equity ROE 20.7 % 19.1 % Profit for the year divided by Total Equity LTM Profit for the year / Equity Adjusted EBITDA (ThUS$) 885,652 901,856 Adjusted EBITDA Profit for the year + Depreciation and Amortization Expenses + Finance Costs + Income Tax – Other income – Other gains (losses) - Share of Profit of associates and joint ventures accounted for using the equity method + Other expenses by function + Net impairment gains or reversal (losses) of financial assets – Finance income – Currency differences EBITDA (ThUS$) 902,450 885,240 EBITDA Profit for the year + Depreciation and Amortization Expenses + Finance Costs + Income Tax ROA 20.31 % 21.3 % (Adjusted EBITDA – Depreciation) divided by Total Assets net of financial resources less related parties’ investments (LTM Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity-accounted Investments) Indebtedness 1.00 0.91 Total Liabilities on Equity Total Liabilities / Total Equity (1) Assumes the absolute value of the accounting records (2) Last 12 months The Company’s capital requirements change according to variables such as working capital needs, new investment financing and dividends, among others. The Company manages its capital structure and makes adjustments on the basis of the predominant economic conditions so as to mitigate the risks associated with adverse market conditions and take advantage of the opportunities there may be to improve the liquidity position. There have been no changes in the capital management objectives or policy within the years reported in this document. No breaches of external requirements of capital imposed (or covenants) have been recorded. 19.2 Disclosures on preferred share capital Issued share capital is divided into 263,196,524 fully paid and subscribed shares composed of 142,819,552 Series "A" shares and 120,376,972 Series “B” shares. All such shares are nominative, have no par value and are fully issued, subscribed and paid. Series B shares may not exceed 50% of the total issued, subscribed and paid-in shares of the Company and have a limited voting right, in that all of them can only elect one director of the Company, regardless of their equity interest and preferences: (a) require the calling of an Ordinary or Extraordinary Shareholders' Meeting when so requested by Series B shareholders representing at least 5% of the issued shares thereof; and (b) require the calling of an extraordinary meeting of the board of directors, without the president being able to qualify the need for such a request, when so requested by the director who has been elected by the shareholders of said Series B. The limitation and preferences of Series B shares have a duration of 50 consecutive and continuous years as of June 3, 1993. The Series A shares have the preference of being able to exclude the director elected by the Series B shareholders in the voting process in which the president of the board of directors and of the Company must be elected and which follows the one in which the tie that allows such exclusion resulted. The preference of the Series A shares will have a term of 50 consecutive and continuous years as of June 3, 1993. The form of the titles of the shares, their issuance, exchange, disablement, loss, replacement, assignment and other circumstances thereof shall be governed by the provisions of Law No. 18,046 and its regulations. At December 31, 2018 and December 31, 2017, the Group does not hold shares of the Parent Company either directly or through its investees. Detail of types of capital in preference shares: Type of capital in preferred shares 12/31/2018 12/31/2017 Description of type of capital in preferred shares Series A Series B Series A Series B Number of authorized shares 142,819,552 120,376,972 142,819,552 120,376,972 Number of fully subscribed and paid shares 142,819,552 120,376,972 142,819,552 120,376,972 Number of subscribed, partially paid shares - - - - Par value of shares in ThUS$ 0.9435 2.8464 0.9435 2.8464 Increase (decrease) in the number of current shares - - - - Number of current shares 142,819,552 120,376,972 142,819,552 120,376,972 Number of shares owned by the entity or its subsidiaries or associates - - - - Number of shares whose issuance is reserved due to the existence of options or agreements to dispose shares - - - - Capital amount in shares ThUS$ 134,750 342,636 134,750 342,636 Amount of premium issuance ThUS$ - - - - Amount of reserves ThUS$ - - - - Total number of subscribed shares, total 142,819,552 120,376,972 142,819,552 120,376,972 As of December 31, 2018 and December 31, 2017, the Company has not placed any new issuances of shares on the market. 19.3 Disclosures on reserves in equity As of December 31, 2018 and December 31, 2017, this caption comprises the following: ThUS$ ThUS$ ThUS$ Reserve for currency exchange conversion (26,307 ) (24,913 ) (19,463 ) Reserve for cash flow hedges 7,971 2,248 64 Reserve for gains and losses from financial assets measured at fair value through other comprehensive income (1,111 ) 2,937 3,513 Reserve for actuarial gains or losses in defined benefit plans (6,884 ) (5,953 ) (4,834 ) Other reserves 11,332 11,332 7,832 Total other reserves (14,999 ) (14,349 ) (12,888 ) Reserves for foreign currency translation differences This balance reflects retained earnings for changes in the exchange rate when converting the financial statements of subsidiaries whose functional currency is that of each company’s origin country and the presentation currency is the US dollar. Reserve for cash flow hedges The Company maintains, as hedge instruments, financial derivatives related to obligations with the public issued in UF and Chilean pesos. Changes from the fair value of derivatives designated and classified as hedges are recognized under this classification. Reserve for gains and losses from financial assets measured at fair value through other comprehensive income This caption includes equity securities which are not held for trading, and which the group has irrevocably elected at initial recognition to recognise in this category. In the event that such equity instruments are fully or partially disposed of, the proportional accumulated effect of accumulated fair value will be transferred to retained earnings. Reserve for actuarial gains or losses in defined benefit plans For domestic subsidiaries the effects of changes in assumptions are considered, mainly changes in the discount rate. The subsidiary SQM North America has established pension plans for its retired employees that are calculated by measuring the projected obligation of staff severance indemnities using a net salary progressive rate net of adjustments to inflation, mortality and turnover assumptions, deducting the resulting amounts at present value using a 5.5% interest rate for 2017 and 2016. Movements in other reserves and changes in interest were as follows: Movements Foreign currency translation difference Gains from cash flow hedge Losses from measurement of defined benefit plans Gains (losses) from financial assets measured at fair value through other comprehensive income Other reserves Total reserves Before taxes Before taxes Tax Before taxes Deferred taxes Before taxes Deferred taxes Before taxes Reserves Deferred taxes Total reserves ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance as of 1/1/2017 (19,463 ) 89 (25 ) (5,446 ) 612 4,813 (1,300 ) 7,832 (12,175 ) (713 ) (12,888 ) Statutory reserve subsidiaries - - - - - - - 3,500 3,500 - 3,500 Currency translation associates and joint venture (5,450 ) - - - - - - - (5,450 ) - (5.450 ) Adjustment for actuarial gains and losses - - - (1,401 ) 282 - - - (1.401 ) 282 (1,119 ) Derivate financial instruments for hedging FVOCI - 2,159 25 - - - - - 2,159 25 2,184 Investments in shares at FVOCI - - - - - (26 ) (550 ) - (26 ) (550 ) (576 ) Closing balance as of 12/31/2017 (24,913 ) 2,248 - (6,847 ) 894 4,787 (1,850 ) 11,332 (13,393 ) (956 ) (14,349 ) Currency translation associates and joint venture (1,394 ) - - - - - - - (1.394 ) - (1,394 ) Adjustment for actuarial gains and losses - - - (1.329 ) 398 - - - (1.329 ) 398 (931 ) Derivate financial instruments for hedging FVOCI - 5,723 - - - - - - 5,723 - 5,723 Investments in shares at FVOCI - - - - - (5.546 ) 1,498 - (5.546 ) 1,498 (4,048 ) Closing balance as of 12/31/2018 (26,307 ) 7,971 - (8,176 ) 1,292 (759 ) (352 ) 11,332 (15,939 ) 940 (14,999 ) Other reserves This caption corresponds to the legal reserves reported in the individual financial statements of the subsidiaries that are mentioned below and that have been recognized in SQM’s equity through the application of the equity method. (*) In the case of SQM Iberian S.A., the balance corresponds to the results obtained in the previous financial year which are presented as forming part of other reserves because of local regulations. 12/31/2018 12/31/2017 12/31/2016 Subsidiary - Associate ThUS$ ThUS$ ThUS$ SQM Iberian S.A. (*) 9,464 9,464 5,964 SQM Europe NV 1,957 1,957 1,957 Soquimich European holding B.V. 828 828 828 Abu Dhabi Fertilizer Industries WWL 455 455 455 Doktor Tarsa Tarim Sanayi AS 305 305 305 Total 13,009 13,009 9,509 Corresponds to the acquisition of the subsidiary SQM Iberian S.A., which was already under Company ownership at the acquisition date (IAS 27 R). (1,677 ) (1,677 ) (1,677 ) Total Other reserves 11,332 11,332 7,832 19.4 Dividend policies As required by Article 79 of the Chilean Companies Act, unless otherwise decided by unanimous vote of the holders of issued and subscribed shares, we must distribute a cash dividend in an amount equal to at least 30% of our consolidated profit for the year ended as of December 31, unless and except to the extent it has a deficit in retained earnings (losses not absorbed in prior years). Dividend policy for commercial year 2018. The Company has defined the following dividend policy: a) Distribute and pay, as a final dividend ( dividendo definitivo ) and in favor of the respective shareholders, a percentage of the net income that shall be determined per the following financial parameters: (i) 100% of the 2018 net income, when the following financial parameters are met: (a) that the total sum of cash and cash equivalent, and other current financial assets (“Cash”) divided by the total sum of the current financial liabilities (“Current Financial Liabilities”) is equal to or greater than 2.5 times, and (b) the total sum of the current liabilities and the non-current liabilities (“Total Liabilities”) divided by the total sum of the equity (“Equity”) is equal to or less than 1.1 times. (ii) 80% of the 2018 net income when the following financial parameters are met: (a) that Cash divided by Current Financial Liabilities is equal to or greater than 2.0 times, and (b) the total sum of the Total Liabilities divided by the total Equity is equal to or less than 1.2 times. (iii) 60% of the 2018 net income when the following financial parameters are met: (a) that Cash divided by Current Financial Liabilities is equal to or greater than 1.5 times, and (b) Total Liabilities divided by Equity is equal to or less than 1.3 times. If none of the foregoing financial parameters are met, the Company shall distribute and pay, as a final dividend, and in favor of the respective shareholders, 50% of the 2018 net income. b) Distribute and pay, if possible and during 2018, three interim dividends ( dividendos provisorios ) that will be charged against the aforementioned final dividend. These interim dividends shall likely be paid during the month following the approval of the March, June, and September 2018 interim financial statements, respectively. Its amounts shall be calculated as follows: (i) For the interim dividends that will be charged to the accumulated net income reflected in the March 2018 interim financial statements, the percentage distributed shall be determined per the financial parameters expressed in letter a) above. (ii) For the interim dividends that will be charged to the accumulated net income reflected in the June 2018 interim financial statements, the percentage distributed shall be determined per the financial parameters expressed in letter a) above, discounting the total amount of interim dividends previously distributed during 2017. (iii) For the interim dividends that will be charged to the accumulated net income reflected in the September 2018 interim financial statements, the percentage distributed shall be determined per the financial parameters expressed in letter a) above, discounting the total amount of interim dividends previously distributed during 2018. c) The amount of the interim dividends mentioned above may vary, pursuant to the information available to the Board of Directors on the date on which it agrees to the distribution of said dividends given that the dividend will not materially or negatively affect SQM’s capacity to impact its investments, fulfill its liabilities, or in general, comply with the investment and finance policy approved at the ordinary shareholders’ meeting. d) At the ordinary shareholders meeting that will be held in 2019, the Board of Directors shall propose a final dividend pursuant to the financial parameters expressed in letter a) above, discounting the total amount of the interim dividends previously distributed during 2018. e) If there is an excess of net income in 2018, this may be retained and assigned or allocated for financing its own operations, to one or more investment projects of the Company, notwithstanding a future distribution of special dividends ( dividendos eventuales ) charged to the accumulated net income previously approved at the shareholders’ meeting, or the possible and future capitalization of all or part of the latter. f) The payment of additional dividends ( dividendos adicionales ) is not considered. The dividend policy described above corresponds to the intention of the Board of Directors, and the compliance of it shall depend on the net income that the Company ultimately obtains, as well as the results of periodic projections that could impact the Company, or to the existence of determined conditions that may affect it, as applicable. If the dividend policy exposed by the Board of Directors suffers a substantial change, the Company must communicate it as an essential fact. 19.5 Interim and provisional dividends At the General Ordinary Shareholders' Meeting of April 27, 2018, the shareholders agreed to the payment of a final dividend of US$1.62501 per share from the net profit obtained during the 2017 fiscal year, the amount of US$1.20533 per share must be discounted from the final dividend as it had been already paid in a form of interim dividends. The remaining balance of US$0.41968 per share was paid to shareholders on May 10, 2018. The Ordinary Shareholders’ Meeting held on April 27, 2018 agreed to change the Company’s Dividend Policy for 2017 which was presented to the Ordinary Shareholders’ Meeting held on April 28, 2017, by incorporating a special dividend of US$100,000,000, equivalent to US$0.37994 per share which would be paid with a charge to the Company’s retained earnings. This dividend was paid to shareholders on May 10, 2018. On May 23, 2018, the Company's Board of Directors approved the payment of an interim dividend equivalent to US$ 0.43247 per share, charged to 2018 net income. On August 22, 2018, the Board of Directors approved the payment of an interim dividend equivalent to US$ 0.50864 per share, charged to net income for 2018. This amount was paid in its equivalent in national currency according to the value of the Observed Dollar published in the Official Gazette on August 31, 2018. On November 21, 2018, the Board of Directors approved the payment of an interim dividend equivalent to US$0.31726 per share, charged to net income for 2018. This amount was paid in its equivalent in national currency according to the value of the Dollar Observed in the Official Journal of November 30, 2018. The dividends presented as deducted from equity are as follows: 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Dividends attributable to owners of the parent 823 55,501 3,014 Provisional dividend 331,199 317,243 225,000 Additional dividend 107,872 - 150,000 Dividend payable 109,669 110,529 - Total 549,563 483,273 378,014 |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Earnings Per Share Explanatory [Abstract] | |
Disclosure Of Earnings Per Share Explanatory [Text Block] | Note 20 Earnings per share Basic earnings per share are calculated by dividing net income attributable to the Company’s shareholders by the weighted average of the number of shares in circulation during that period. As expressed, earnings per share are detailed as follows: Basic earnings per share 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Earnings (losses) attributable to owners of the parent 439,830 427,697 278,290 12/31/2018 Units 12/31/2017 Units 12/31/2016 Units Number of common shares in circulation 263,196,524 263,196,524 263,196,524 12/31/2018 12/31/2017 12/31/2016 Basic earnings per share (US$ per share) 1.6711 1.6250 1.05732 The Company has not made any operations with a potential dilutive effect that assumes diluted earnings per share are different from the basic earnings per share. |
Contingencies and restrictions
Contingencies and restrictions | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of contingent liability [Abstract] | |
Disclosure of contingent liabilities [text block] | Note 21 Contingencies and restrictions In accordance with note 18,1, the Company has only registered a provision for those lawsuits in which there is a probability that the judgments will be unfavorable to the Company. The Company is party to the following lawsuits and other relevant legal actions: 21.1 Lawsuits and other relevant events 1. Plaintiff : Nancy Erika Urra Muñoz, Defendants : Fresia Flores Zamorano, Duratec-Vinilit S.A. and the Company and their Insurers. Date : December 2008. Court : 1st Civil Court of Santiago. Reason : Labor Accident. Status : Judgment favorable for the Company. Dated March 11, 2016. Appeal filed by the plaintiff which has not been pronounced on. Awaiting notification of the sentence, case filed on December 28, 2016 Nominal value : ThUS$550. 2. Plaintiff : City of Pomona, California USA. Defendant : SQM North America Corporation (“ SQM NA Date : December 2010. Court : United States District Court Central District of California. Reason : Payment of expenses and other amounts related to the treatment of groundwater to allow for its consumption by removing the existing perchlorate in such groundwater that allegedly comes from Chilean fertilizers. Status : On May 17, 2018, district judge Gary Klausner sentenced in favor of SQM NA following the verdict of the jury. On September 14, 2018, the plaintiff filed a motion to appeal, which is pending resolution. Nominal value : ThUS$32,000. 3. Plaintiff : City of Lindsay, California USA. Defendant : SQM NA and the Company (still not noticed) Date : December 2010. Court : United States District Court Eastern District of California. Reason : Payment of expenses and other amounts related to the treatment of groundwater to allow for its consumption by removing the existing perchlorate in such groundwater that allegedly comes from Chilean fertilizers. Status : Filing of the case, processing suspended . Nominal value : Not possible to determine. 4. Plaintiff : H&V Van Mele N.V. Defendant : NV Euroports, SQM Europe N.V. and its insurance companies, Date : July 2013. Court : Commercial Court of Dendermonde, Reason : Alleged indirect responsibility for the absence of adequate specifications for the SOP–WS by the Belgian distributor. Status : Sentencing against NV Euroports and subsidy SQM Europe N.V., for EUR 206,675.91. Appeal presented in November 2017. Nominal value : ThUS$430. 5. Plaintiff : Carlos Aravena Carrizo et al. Defendant : SQM Nitratos S.A. (“SQM Nitratos”) and its insurers. Date : May 2014. Court : 18th Civil Court of Santiago. Reason : Lawsuit seeking compensation for damages for alleged civil liability under tort as a result of an explosion that occurred during 2010 near Baquedano, causing the death of 6 employees. Status : Summons to hear sentence Nominal value : ThUS$1,235. 6. Plaintiff : Evt Consulting SpA. Defendant : SQM Nitratos. Date : October 2014. Court : 23th Civil Court of Santiago. Reason : Lawsuit seeking compensation for damages related to the termination of the purchase and sale agreement for metallic structures. Status : On November 13, 2017, the Santiago Appeals Court sentenced SQM Nitratos S.A. to pay US$304,620. An appeal in form and substance was presented before the Supreme Court in December 2017. Nominal value : ThUS$835. 7. Plaintiff : SQM Salar S.A. (“ SQM Salar Defendant : Seguros Generales Suramericana S.A. (formerly - RSA Seguros Chile S.A.) Date : August 29, 2016. Court : Arbitration Court – Arbitrator Mr. Gonzalo Fernández. Reason : Complaint for forced compliance and collection of indemnification for insurance claim of February 7 and 8, 2013. Status : Evidence stage. Nominal value : ThUS$20,658. 8. Plaintiff : Tyne and Wear Pension Fund as represented by the Council of the Borough of South Tyneside acting as Lead Plaintiff. Defendant : The Company Date : January 2016. Court : United States District Court – Southern District of New York. Reason : Alleged damage to ADS holders of the Company resulting from alleged noncompliance with the securities regulations in the United States by the Company. Status : Initial stage of disclosure of background information . Nominal value : Not determined. 9. Plaintiff : Ernesto Saldaña González et al. Defendant : SQM Salar S.A., SQM Industrial S.A. (“SQM Industrial”) and their insurance companies. Date : May 2016. Court : 13 th Reason : Lawsuit seeking compensation for damages for alleged civil liability under tort law arising from the accident that occurred in July 2014 in the María Elena location. Status : Summons to hear sentence Nominal value : ThUS$515. 10. Plaintiff : María Yolanda Achiardi Tapia et al. Defendant : SQM Salar and its insurance companies and other 5 defendants Date : February 2015. Court : 1 st Reason : Lawsuit seeking compensation for damages for alleged civil liability under tort law arising from a traffic accident that occurred in April 2011 in the city of Antofagasta. Status : Summons to hear sentence. Nominal value : ThUS$1,265. 11. Plaintiff : The Company Defendants : AES Gener S.A. (“Gener”) and Empresa Eléctrica Cochrane SpA (“Cochrane”). Date : May 11, 2017. Court : Arbitration award in accordance with the arbitration rules established by the Center for Arbitration and Mediation of the Santiago Chamber of Commerce (“CAM). Reason : Request for the interpretation of an electricity supply agreement alleging the right by the plaintiff to receive a collection in conformity with such agreement. Instance : Evidentiary stage. Nominal value : Not determined. 12. Plaintiff : Gener and Cochrane. Defendant : The Company. Date : May 2017. Court : Arbitration in accordance with the rules established by the Center for Arbitration and Mediation (CAM). Reason : Discrepancy with respect to the amount of an alleged right by the plaintiff to receive a collection in conformity with the agreement entered into by the parties. Instance : Evidentiary stage. Nominal value : Not determined. 13. Plaintiffs : Transportes Buen Destino Defendant : SQM Salar. Date : None. Court : Arbitration in accordance with the rules established by the Center for Arbitration and Mediation (CAM). Reason : Discrepancies generated in the implementation of the following contracts entered into between TBD and SQM Salar: (i) lithium brine transportation; and (ii) salt transportation. Instance : Prior stage. The audience for setting procedure rules is pending. Nominal value : Undetermined. 14. Plaintiffs : Castillo, Hernán et al. Defendants : Servicios Integrales de Tránsitos y Transferencias S.A. and SQM Industrial S.A. Date : September 15, 2017. Court : 1st Labor Court of Santiago. Reason : Lawsuit to assert labor rights, seeking collection of wages owed and other amounts. Instance : On August 24, 2018, a judgment is issued rejecting the application in its entirety. On September 6, 2018, plaintiffs deduct an appeal for nullity before the Santiago Court of Appeals, which is still in branch. Nominal value : ThUS$1,940. 15. Plaintiffs : Acosta Tapia, Eloisa del Tránsito and others as successors and assigns of Araya Castillo, Raimundo del Rosario. Defendants : SQM Salar. Date : January 19, 2018. Court : 2nd Labor Court of Santiago. Reason: : Lawsuit for damages for pain and suffering as a result of occupational illness. Instance : On October 22, the final ruling was issued, wherein the claim was denied. The plaintiff filed an appeal for annulment, which is pending with the Court of Appeals of Santiago Nominal value : ThUS$472. 16. Appellants : Asociación Indígena Consejo Pueblos Atacameños and others. Appellees : Corfo, the Company, SQM Salar and SQM Potasio S.A. Date of appeal : February 15, 2018. Court : Santiago Court of Appeals Reason : Appeal requesting annulment of modifications to contracts signed by the defendants on January 17, 2018. Instance : On September 25, the Court of Appeals of Santiago rejected the appeal for protection. On October 12, the Supreme Court ordered the revision of the appeal filed by the appellants. Nominal value : Undetermined. 17. Claimant : The Society. Defendant : Office of the Superintendent of the Environment (“SMA”) Date : 20 July 2017 Court : Second Environmental Court of Santiago Reason : Motion for review filed by the Company against ruling rejecting the compliance program for the Pampa Hermosa project. Instance : On August 21, 2018, the Second Environmental Court of Santiago accepted the Company’s claim and ordered the SMA to take the procedure back to the stage prior to their sentencing that rejected the compliance program. This ruling was appealed with the Supreme Court on August 8, 2018. Nominal value : Amount involved: Undetermined. 18. Claimant : Congresspersons Claudia Nathalie Mix Jiménez, Gael Fernanda Yeomans Araya, Camila Ruslay Rojas Valderrama et al. Defendant : CORFO. The entity has intervened as an independent third party. Date : September 6, 2018. Court : Special Magistrate, Mr. Alejandro Madrid Crohare. Reason : To render null and void the contract for the Salar de Atacama Project signed between CORFO and SQM Salar. Instance : Pending ruling on dilatory pleas and independent third-party status of companies and subsidiaries. Nominal value : Undetermined. The Company and its subsidiaries have been involved and will probably continue to be involved either as plaintiffs or defendants in certain judicial proceedings that have been and will be heard by the arbitration or ordinary courts of justice that will make the final decision. Those proceedings that are regulated by the appropriate legal regulations are intended to exercise or oppose certain actions or exceptions related to certain mining claims either granted or to be granted and that do not or will not affect in an essential manner the development of the Company and its subsidiaries. Soquimich Comercial S.A. has been involved and will probably continue being involved either as plaintiff or defendant in certain judicial proceedings through which it intends to collect and receive the amounts owed, the total nominal value of which is approximately US$1.2 million. The Company has made efforts and continues making efforts to obtain payment of certain amounts that are still owed to the Company due to its activities. Such amounts will continue to be required using judicial or non-judicial means by the plaintiffs, and the actions and exercise related to these are currently in full force and effect. The Company and its subsidiaries have received no legal notice on lawsuits other than those indicated above, which exceed US$0.2 million. 21.2 Restrictions to management or financial limits Contracts that subscribed the issuance of bond in the local and international market require the Company to comply with the following level of consolidated financial indicators, calculated for the last 12 month period: To maintain Leverage Ratio not higher than 1.2 times at its strictest level. The Leverage ratio is defined as the Total Liabilities divided by Total Equity. As of December 31, 2018, the above mentioned financial indicator has the following values: Indicator 12/31/2018 12/31/2017 Leverage 1.00 0.91 Bond issue agreements issued abroad require the Company to neither merge nor dispose of the whole or a substantial part of its assets, unless all the following conditions are met: (i) the legal successor company is an entity subject to either Chilean or United States law, and assumes SQM S.A.’s obligations under a complimentary contract, (ii) the Issuer does not fail to comply immediately after the merger or disposal, and (iii) the Issuer delivers a legal opinion stating that the merger or disposal and the complimentary contract meet the requirements described in the original contract. In addition, SQM S.A. is committed to disclosing financial information on quarterly basis. The Company and its subsidiaries have complied and are fully complying with all the aforementioned limitations, restrictions and obligations. 21.3 Environmental contingencies On June 6, 2016, the “SMA” filed charges against the Company with respect to the Pampa Hermosa project for possible noncompliance with RCA 890/2010. This relates to charges related to certain variables of the follow-up plan and the implementation of a mitigation measure included in the respective environmental impact assessment. The Company has presented for the approval of SMA a compliance program detailing the actions and commitments it will carry out to address the SMA's objections. On June 29, 2017, the SMA rejected the compliance program presented by the Company. On July 10, 2017, the Company presented its rebuttals to the charges made by the SMA. On August 21, 2018, the Second Environmental Court accepted the Company’s claim, ordering the SMA to take the procedure back to the stage prior to their resolution rejecting the compliance program presented by the Company. On December 13, 2017, the First Environmental Court of Antofagasta authorized the SMA to apply the temporary and partial closure of the water extraction wells located in the Salar de Llamara. These wells allow the Company to extract around 124 liters/second of water, which is approximately 15% of the water used in Chile’s First Region. In October 2018, the First Environmental Court of Antofagasta accepted the Company’s claim, leaving the indicated closure without effect, maintaining only the requirement to prepare reports to increase knowledge of ecosystems. In mid-October, the Court denied authorization to SMA to renew the closure measure. In December 2018, the First Environmental Court accepted the Company’s second claim, ratifying the previous decision. On January 10, 2019, the SMA carried out the sentence of the Second Environmental Court, taking the procedure back to the stage prior to their resolution rejecting the compliance program presented by the Company. On January 14, 2019, the SMA made new observations to the compliance program formulated by the Company. The term granted for the Company to address these observations is currently underway, after which the SMA will issue a new ruling on the proposal. Through a ruling dated November 28, 2016, which was modified by a ruling dated December 23, 2016, the SMA filed charges against SQM Salar for extracting brine in excess of authorized amounts, progressively impacting the vitality of algarrobo trees, delivering incomplete information, modifying variables and other matters. SQM Salar presented a compliance program that details the actions and commitments that will be undertaken to overcome the objections formulated by the SMA. This program was accepted by SMA ruling dated January 7, 2019, thus suspending the process initiated against SQM Salar. The Atacameño Indigenous Community of Peine, the Indigenous Association Council of Atacameño Peoples and the Atacameño Indigenous Community of Camar have filed against this ruling with the First Environmental Court. In keeping with the monitoring plans established in the current environmental qualification resolution for the operation at the Salar de Atacama, SQM Salar periodically monitors the flora, fauna, hydrogeological and meteorological variables, including 225 monitoring points and 48 continuous measuring points for the brine and water levels in different parts of the salar basin, which it periodically reports to the corresponding authorities. If any of the monitoring points fall below predefined levels, various actions are considered, which are part of the environmental monitoring plan. On May 20, 2018, 2 of the 225 points were 1 cm below the predefined level for those points. These points are on the route of an outlet sector for a lagoon located on the eastern edge of the Salar de Atacama. Historically flows from the lagoons of the deposit have varied in location and route. That has happened in this case and the flow has moved with regard to the location of the monitoring well in question. Both the levels and the flows from the lagoons have behaved normally and no changes in the ecosystem that is being monitored in the area have been observed. Following the protocols established for these cases, SQM Salar’s total extraction volume in the Salar de Atacama, has been reduced from a maximum average of 1,500 liters per second per year to 1,250 liters per second per year for a period of six months. The Company estimates that an average annual decrease of brine extraction of 250 liters per second would have no impact on current and estimated production volumes of lithium carbonate and hydroxide. In the case of potassium chloride, it is estimated that the reduction in brine extraction could imply a reduction in production and sales volumes of approximately 170.000 metric tons on an annual basis. 21.4 Tax contingency During 2015, the Company, SQM Salar and SQM Industrial submitted to the Chilean IRS four tax amendments (two by the Company, one by SQM Salar and one by SQM Industrial). The first two (one for SQM and one for SQM Salar), after being approved by the SII, generated payments for taxes, interests and other charges of US$8.1 million. A provision for such amount was made in the profit or loss for the first quarter of 2015. Additionally, during August 2015, the Chilean IRS was provided, for its review and approval, with the documentation necessary for amending the annual tax returns of the Company and SQM Industrial. As a result of such amendments, the Company paid an approximate amount of US$1.4 million for taxes, interests and other charges. This amount was recorded in a provision in the profit or loss for the second quarter of 2015. Finally, during 2016, the last 12 invoices were amended with a payment of approximately US$50,000. Accordingly, the SQM Group considers terminated the internal analysis which has been performed. The purpose of the analysis was to identify the expenses incurred by the SQM Group during the fiscal years 2008 to 2014 and which could be a matter of tax rectification. Because of the aforementioned amendments, the Company, SQM Salar and SQM Industrial might be affected by additional penalties established in the first subparagraph, No. 4 of Article 97 of the Tax Code, for an amount ranging between 50% and 300% of the taxes paid. The Company has not considered it necessary to make any provisions related to this possible additional penalty. On Friday, August 26, 2016, SQM Salar filed with the Third Tax and Customs Court of the Metropolitan Region a tax claim against tax assessments No. 169, 170, 171 and 172, which seek to expand application of the specific tax on mining activities to include lithium exploitation. The amount involved is approximately US$17.8 million. On November 28, 2018, the Third Tax and Customs Court rejected the claim, and the case is in the Santiago Court of Appeals, based on the appeal filed by SQM Salar. On March 24, 2017, SQM Salar filed with the Third Tax and Customs Court of the Metropolitan Region a tax claim against tax assessment No. 207 of 2016 and ruling No. 156 of 2016, both issued by the Chilean IRS, which seek to expand application of the specific tax on mining activities to include lithium exploitation for tax years 2015 and 2016. The amount involved is approximately US$14.4 million. On November 28, 2018, the Third Tax and Customs Court accepted SQM Salar’s claim for US$7.0 million corresponding to the overcharge made by the SII and rejected the remainder of the claim. The case is in the Santiago Court of Appeals, based on the appeal filed by SQM Salar. These amounts are classified as taxes for current assets, non-current, as of December 31, 2017 and the same as of December 31, 2018. The amount involved is approximately US$32.2 million. The Chilean IRS has not issued an assessment claiming differences in the specific tax on mining activities filed for business years 2016, 2017 and 2018. As of the date of these financial statements, the Company has not made any provisions for these possible differences. If the Chilean IRS uses criteria similar to that used in previous years, it may issue an assessment in the future for the 2016, 2017 and 2018 financial years. It is reasonable to expect that should these assessments for the period 2016 to the quarter half of 2018 be issued, the value would be approximately US$57 million (without considering potential interest and fines). 21.5 Contingencies regarding the Changes to the Contracts with Corfo. Appeal No. 10301-2018, Santiago Court of Appeals: (a) In January 2018, indigenous communities and various parties presented an appeal for legal protection against Corfo, the Company, SQM Salar and SQM Potasio (the “Companies”), with regard to the amendments to the contract for the project in the Salar de Atacama and the OMA mining property lease contract dated January 17, 2018, both granted as a result of a conciliation process proposed by the arbitration court which took place at the end of arbitration between the parties (the “Amendments”). According to the appellants, the Amendments will deprive, disturb and threaten in an illegal and arbitrary way the constitutional rights of the appellants established in article 19, numbers 8, 21 and 24 of the Political Constitution. The appellants have therefore requested the following: (i) that the acts subject to appeal be declared invalid, vacated or without effect, (ii) that the Amendments be reviewed according to the provisions of Convention 169 (iii) that the counterparts be expressly made liable for the costs, given the clearly illegal and arbitrary nature of what has occurred. Once informed of the appeal, the Companies requested that it be rejected for the following reasons. Firstly, because it is extemporaneous. Secondly, as the matter is one that requires the interpretation and verification of the application or effects of contractual clauses, it goes beyond the scope of this cautionary action. Thirdly it should be challenged on the principle of specialty, because there is a special procedure which would better apply. In terms of substance, the Companies have indicated to the Court that an increase in the lithium quota, authorized through contractual changes adopted through a conciliation process proposed by the Arbitration Judge does not constitute an arbitrary or illegal act and that no indigenous consultation took place as per article 6 of Convention 169 because the Amendments were not legislative or administrative measures likely to directly affect the indigenous peoples. The Companies have sustained that the Amendments are the implementation of a conciliation agreement, that is the jurisdictional equivalent of res judicata, which was proposed by the arbitration judge and does not correspond to the exercise of public powers, as required in article 6 of Convention 169. On September 25, 2018, the Santiago Court of Appeals rejected the appeal for protection. The appeal for protection is currently pending before the Supreme Court. 21.5 Contingencies regarding the Changes to the Contracts with Corfo. Appeal No. 10301-2018, Santiago Court of Appeals, continued In the event that a ruling is made to leave without effect the Amendments and if there are no appeals by the parties, the contracts prior to the Amendments will once again be valid, although this resolution should not affect the efficiency and validity of the conciliation reached regarding the matters debated in arbitration. The court has the faculties to adopt the decisions it considers necessary to reestablish the rule of law and ensure the protection of the affected party. (b) On September 6, 2018, a public law annulment lawsuit was filed by the congresspersons Mss. Claudia Nathalie Mix Jiménez, Gael Fernanda Yeomans Araya and Camila Ruslay Rojas Valderrama and the Citizen Power Party (Partido Poder Ciudadano) to render null and void the contract for the Salar de Atacama Project signed between Corfo and the Companies. The Companies have joined the suit as interested third parties. In the suit, the plaintiffs request a pretrial measure against Corfo for the signing of agreements and contracts related to the exploitation of lithium. On October 31, 2018, the special magistrate rejected the measure, which was appealed by the plaintiffs. In the event that the contract for the Salar de Atacama Project is rendered null and void, SQM Salar could be unable to exploit the mining claims in the Salar de Atacama that it has leased from Corfo. 21.6 Restricted or pledged cash The subsidiary Isapre Norte Grande Ltda., in compliance with the provisions established by the Chilean Superintendence of Healthcare, which regulates the running of pension-related health institutions, maintains a guarantee in financial instruments delivered in deposits, custody and administration to Banco de Chile. This guarantee, according to the regulations issued by the Chilean Superintendence of Healthcare is equivalent to the total amount owed to its members and medical providers. Banco de Chile reports the present value of the guarantee to the Chilean Superintendence of Healthcare and Isapre Norte Grande Ltda on a daily basis. As of December 31, 2018, the guarantee amounts to ThUS$712. 21.7 Securities obtained from third parties The main security received (exceeding ThUS$100) from third parties to guarantee Soquimich Comercial S.A. their compliance with obligations in contracts of commercial mandates for the distribution and sale of fertilizers amounted to ThUS$9,423 and ThUS$12,103 on December 31, 2018 and December 31, 2017 respectively; which is detailed as follows: Grantor Relationship 12/31/2018 12/31/2017 ThUS$ ThUS$ Ferosor Agrícola S.A. Unrelated third party 3,598 4,067 Tattersall Agroinsumos S.A. Unrelated third party 2,000 2,000 Contador Frutos S.A. Unrelated third party 1,587 1,743 Agrícola Lobert Ltda. Unrelated third party - 1,264 Covepa SPA Unrelated third party 720 813 Johannes Epple Davanzo Unrelated third party 321 363 Hortofrutícola La Serena Unrelated third party 294 323 Juan Luis Gaete Chesta Unrelated third party 195 262 Arena Fertilizantes y Semillas Unrelated third party 216 244 Vicente Oyarce Castro Unrelated third party 222 244 Soc. Agrocom. Julio Polanco Unrelated third party 144 163 Bernardo Guzmán Schmidt Unrelated third party 126 138 Gilberto Rivas Y Cia. Ltda. Unrelated third party - 138 Lemp Martin Julian Unrelated third party - 124 Comercial Agrosal Ltda. Unrelated third party - 116 Soc.Comercial el Mimbral Unrelated third party - 101 Total 9,423 12,103 |
Lawsuits and complaints
Lawsuits and complaints | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of lawsuits and complaints [Abstract] | |
Disclosure of lawsuits and complaints [Text Block] | Note 22 Lawsuits and complaints Lawsuits and complaints During 2015, the Chilean IRS filed several lawsuits and complaints against a number of individuals related to the so-called “SQM Case”, which were associated with the irregular financing of politicians. Amongst those affected by these legal claims were the legal representatives of the Company the then-current CEO, Patricio de Sominihac T., as well as the then-current Vice President of Corporate Services and CFO, Ricardo Ramos R., now Chief Executive Officer. Those lawsuits and complaints related to alleged tax crimes associated with a possible undue decrease in the taxable net income of the Company and two of its subsidiaries over the last seven years by recording as expenses varios invoices and fee receipts, which could be considered as ideologically false. Similar legal actions were also filed against the taxpayers who provided the tax documents that allowed the alleged commission of the related illicit acts. Actions performed by the Authority and Termination of research in Chile The Public Ministry and the Chilean IRS (Servicio de Impuestos Internos (SII) have performed a number of actions within the framework of the so-called “SQM Case”, where the Company and its executives have provided their cooperation. Several of the Company’s executives have granted access to their computers and made several statements at the request of the Prosecutors responsible for the investigation. Additionally, SQM has provided physical and digital copies of its accounting records and its subsidiaries’ accounting records. SQM has also provided the Public Ministry with its email files and all the documentation that has been requested by the authority. On August 17, 2018, the Eighth Guarantee Court declared the definitive dismissal of the Company, SQM Salar and SQM Nitratos with respect to the case in which their criminal liability was being investigated. On January 15, 2019, the MP communicated to the Eighth Criminal Court its decision not to continue with the criminal investigation against Messrs. Patricio de Solminihac T, Ricardo Ramos R. and Enrique Olivares C. Shearman & Sterling and Ad-Hoc Committee On February 26, 2015, the Board of Directors of SQM established an ad-hoc committee comprised of three directors (the “Ad-hoc Committee”), which was authorized to conduct an investigation on the matters described in the preceding paragraph and to request any external advisory services it deemed necessary. The original members of the Ad-hoc Committee were José María Eyzaguirre B., Juan Antonio Guzmán M., and Wolf von Appen B. The Ad-hoc Committee hired its own legal counsel in Chile and the United States as well as forensic accountants in the United States to support its internal investigation. The U.S. attorneys hired by the Ad-hoc Committee were mainly charged with reviewing the important facts and analyzing them in the context of the United States Foreign Corrupt Practices Act (“FCPA”). However, the Ad-hoc Committee’s factual conclusions were shared with both Chilean authorities and U.S. authorities. On December 15, 2015, the Ad-hoc Committee presented the conclusions of its investigation to the Board of Directors. In addition to discussing the facts related to the referenced payments, the Ad-hoc Committee concluded that, for the purposes of the FCPA: a. payments were identified that had been authorized by the former CEO of SQM for which the Company did not find sufficient supporting documentation; b. no evidence was identified that demonstrated that such payments were made in order to prompt a public official to act or abstain from acting in order to help SQM obtain economic benefits; c. in relation to the cost centers managed by the former CEO of SQM, it was concluded that the Company's books did not accurately reflect the transactions in question but that these transactions were determined to be quantitatively immaterial in comparison to SQM's equity, sales, expenses and profits during that period; and that. d. SQM's internal controls were insufficient to supervise the expenses within the cost center managed by the former CEO of SQM and relied on the proper use of resources by Patricio Contesse G. himself. After the Ad-hoc Committee presented its conclusions to the Board of Directors, the Company voluntarily shared these conclusions with the Chilean and U.S. Authorities (including the Securities and Exchange Commission (the “SEC”) and the U.S. Department of Justice (the “DOJ”) and has since collaborated by handing over documents and additional information requested by these authorities regarding this investigation. Investigation by the Department of Justice and the Securities Exchange Commission and Agreements The Company reported on the investigation by Shearman & Sterling for North American regulatory entities (DOJ and Securities and Exchange Commission, the “SEC”), in accordance with the regulations in force in the United States of America. The results of this investigation were given to these regulatory entities, which have opened investigations to determine the existence of possible noncompliance with the FCPA or Internal control standards. On January 13, 2017, the Company and the DOJ reached agreement on the terms of a Deferred Prosecution Agreement (the “DPA”) that would resolve the DOJ’s inquiry, based on alleged violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act. Among other terms, the DPA calls for the Company to pay a monetary penalty of US$15,487,500, and engage a compliance monitor for a term of two (2) years. Upon successful completion of the three (3) year term of the DPA, all charges against the Company would be dismissed. On the same date, the SEC agreed to resolve its inquiry through an administrative cease and desist order, arising out of the alleged violations of the same accounting provisions of the FCPA. Among other terms, the SEC order calls for the Company to pay an additional monetary penalty of US$15 million. These penalties were reflected in the 2016 financial statements. In accordance with the terms of the Deferred Prosecution Agreement (the “DPA”) with the DOJ, the Company has accepted that the DOJ formulates (i) a charge for infractions for the lack of implementation of effective internal accounting systems and internal accounting controls and (ii) a charge for infractions for failure to adequately maintain books, records and accounting sections in relation to the events investigated. Under the DPA, the DOJ has agreed not to pursue such charges against the Company for a period of 3 years and release the Company from liability after such period, inasmuch as within that period the Company complies with the terms of the DPA. These include payment of a fine of US$15,487,500 and acceptance of an external monitor for a period of 24 months (the “Monitor”) that will assess the Company’s compliance program, and continue to report on the Company independently for an additional year. In relation to the agreement with the SEC, the Company has agreed to (i) pay a fine of 15 million dollars and (ii) maintain the Monitor for the aforementioned period. The SEC has issued a Cease and Desist Order that does not identify other breaches of United States regulations. The aforementioned amounts, approximately US$30.5 million, were reflected in the Company’s profit and loss during the fourth quarter of 2016 in the Other Expenses by function line. |
Sanction proceedings
Sanction proceedings | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of sanction proceedings [Abstract] | |
Disclosure of sanction proceedings [Text Block] | Note 23 Sanction proceedings On April 03, 2018, the National Directorate of the “Dirección Nacional del Servicio Nacional de Geología y Minería” (National Geology and Mining Service) filed charges against SQM Industrial for the alleged violation of Article 40 letter c) of Law No. 20,551 that regulates the closure of mining works and facilities for Pampa Blanca, located in the district of Sierra Gorda. On April 26, 2018, SQM Industrial gave its deposition. According to current regulations, the National Geology and Mining Service can impose fines of up to 10 UTMs (monthly tax units) for each day of infringement, with a total maximum of 10,000 UTMs per month. |
Mineral resource exploration an
Mineral resource exploration and evaluation expenditure | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of exploration and evaluation assets [abstract] [Abstract] | |
Disclosure of exploration and evaluation assets [text block] | Note 24 Mineral resource exploration and evaluation expenditure Given the nature of operations of the Sociedad Química y Minera de Chile S.A. and Subsidiaries and the type of exploration it undertakes, disbursements for exploration can be found in 4 stages: Implementation, economically feasible, not economically feasible and in exploitation: 1. Implementation: Disbursements for prospecting under implementation and therefore prior to determination of economic feasibility, are classified in the caption of Non-Current Assets, found in Works in Progress for Properties, Plant and Equipment, which include, exploration of caliche, and brine from the Salar de Atacama (these processes are generally developed over a one-year period), both totaling ThUS$8,355 in this caption, as of December 31, 2018, and ThUS$8,942 as of December 31, 2017. For Mt Holland, exploration disbursements fall under Other Non-Current Non-Financial Assets and correspond to ThUS$11,298 as of December 31, 2018. As of December 31, 2017 there were no disbursements for this concept. 2. Economically feasible : Prospecting disbursements corresponding to caliche exploration, wherein the study concluded that its economic feasibility is viable, are classified under Non-Current Assets in Other Non-current Financial Assets. The balance as of December 31, 2018, is ThUS$5,099 and as of December 31, 2017, it is ThUS$12,530. For the exploration of the Salar de Atacama, the associated assets correspond to wells that can be used both in monitoring and exploitation of the Salar. Therefore, once the studies are concluded, these are classified as Non-current Assets in Properties, Plants and Equipment, assigning them a technical useful life of 10 years. 3. Not economically feasible : Prospecting disbursements, once finalized and concluded to be not economically feasible, will be charged to profit and loss. As of December 31, 2018 and December 31, 2017, there is no existing disbursement for this item. 4. In Exploitation: Caliche exploration disbursements that are found in this area are amortized based on the material exploited. The portion that is exploited in the following 12 months is presented as current assets in the inventories. As of December 31, 2018, the amount is ThUS$2,028 and the balance as of December 31, 2017 for this concept is ThUS$521. The portion that will be amortized in the following years is classified as non-current assets under Other Non-current Assets. As of December 31, 2018, there is a balance of ThUS$9,791 for this concept, and as of December 31, 2017, the balance is ThUS$5,191. Disbursements corresponding to metal exploration are charged to profit or loss in the period in which they are incurred. |
Gains (losses) from operating a
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Profit Loss From Operating Activities Explanatory [Abstract] | |
Disclosure Of Profit Loss From Operating Activities Explanatory [Text Block] | Note 25 Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature 25.1 Revenue from operating activities The Group derives revenues from the sale of goods (which are recognised at one point in time) and from the provision of services (which are recognised over time) and are distributed among the following geographical areas and main product and service lines: 12/31/2018 Geographic areas Specialty plant nutrition Iodine and derivatives Lithium and derivatives Potassium Industrial chemicals Other Total ThUS$ Chile 111,595 1,052 700 25,593 4,575 45,834 189,349 Latin America and the Caribbean 77,737 6,390 3,596 80,192 12,097 177 180,189 Europe 200,229 112,080 103,430 46,068 17,384 473 479,664 North America 240,995 83,587 68,254 50,685 27,347 647 471,515 Asia and Others 151,194 121,863 558,821 64,936 46,865 1,407 945,086 Total 781,750 324,972 734,801 267,474 108,268 48,538 2,265,803 12/31/2017 Geographic areas Specialty plant nutrition Iodine and derivatives Lithium and derivatives Potassium Industrial chemicals Other Total ThUS$ Chile 91,243 1,054 802 20,001 2,522 45,942 161,564 Latin America and the Caribbean 71,335 5,756 3,109 142,610 9,180 155 232,145 Europe 177,997 81,557 88,443 72,405 28,346 305 449,053 North America 235,963 67,491 42,918 69,105 25,824 553 441,854 Asia and Others 120,713 96,265 509,301 75,205 69,706 1,517 872,707 Total 697,251 252,123 644,573 379,326 135,578 48,472 2,157,323 12/31/2016 Geographic areas Specialty plant nutrition Iodine and derivatives Lithium and derivatives Potassium Industrial chemicals Other Total ThUS$ Chile 102,804 1,319 500 18,940 3,398 60,108 187,069 Latin America and the Caribbean 69,805 6,136 3,002 154,012 9,194 223 242,372 Europe 116,863 86,095 77,850 82,040 14,391 887 378,126 North America 211,954 63,193 41,226 81,043 24,485 337 422,238 Asia and Others 122,427 74,401 392,049 67,288 52,669 683 709,517 Total 623,853 231,144 514,627 403,323 104,137 62,238 1,939,322 a) b) Main product lines: January to December 2018 2017 2016 Products and Services ThUS$ ThUS$ ThUS$ Specialty plant nutrition 781,750 697,251 623,853 Sodium Nitrates 17,688 18,555 16,891 Potassium nitrate and sodium potassium nitrate 527,945 474,451 390,964 Specialty Blends 145,512 121,263 129,943 Other specialty fertilizers 90,605 82,982 86,055 Iodine and derivatives 324,972 252,123 231,144 Lithium and derivatives 734,801 644,573 514,627 Potassium 267,474 379,326 403,323 Industrial chemicals 108,268 135,578 104,137 Other 48,538 48,472 62,238 Commodities 18,582 11,822 19,842 Other ordinary income Commercial Offices 24,465 32,784 37,068 Income from services rendered and others Other Income from the provision of services 4,017 3,795 4,122 Income from leasing properties 1,474 71 1,205 Total 2,265,803 2,157,323 1,939,322 25.2 Cost of sales 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Raw materials and consumables used (260,863 ) (227,620 ) (208,697 ) Classes of employee benefit expenses (203,569 ) (172,084 ) (162,335 ) Depreciation expense (212,582 ) (232,275 ) (271,128 ) Amortization expense (7,194 ) (8,153 ) (12,438 ) Operating leases (75,395 ) (80,160 ) (71,548 ) Investment plan expenses (13,384 ) (17,180 ) (17,697 ) Contractors (78,825 ) (72,348 ) (66,051 ) Mining concessions (8,168 ) (7,802 ) (7,313 ) Operations transport (64,352 ) (69,052 ) (59,399 ) Freight and product transport costs (43,510 ) (55,383 ) (64,857 ) Purchase of products from third parties (239,781 ) (208,147 ) (211,928 ) Insurance (9,816 ) (10,255 ) (12,033 ) CORFO rights (182,954 ) (46,274 ) (41,962 ) Export costs (84,816 ) (83,057 ) (105,307 ) Variation in inventory 11,600 (90,998 ) (10,774 ) Other expenses, by nature (9,915 ) (14,034 ) (4,818 ) Total (1,483,524 ) (1,394,822 ) (1,328,285 ) 25.3 Other income 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Discounts obtained from suppliers 705 345 771 Fines charged to suppliers 698 199 358 Taxes recovered 685 1,278 657 Amounts recovered from insurance 443 154 5,636 Overestimate of provisions for third-party obligations 375 586 573 Other operating income 1,847 4,543 2,690 Options on mining claims 16,095 2,607 2,577 Easements, pipelines and roads 10,806 4,656 219 Reimbursement mining licenses and notary expenses 394 1,196 1,300 Shares obtained in junior mining companies through options - 2,263 421 Total 32,048 17,827 15,202 25.4 Administrative expenses 12/31/2018 13/31/2017 13/31/2016 ThUS$ ThUS$ ThUS$ Employee benefit expenses by nature Remuneration and benefits to employees (63,880 ) (51,761 ) (47,192 ) Marketing costs (3,078 ) (2,539 ) (1,535 ) Amortization expenses (15 ) (8 ) (6 ) Entertainment expenses (4,805 ) (4,781 ) (4,022 ) Advisory services (12,848 ) (14,348 ) (16,474 ) Leases (4,556 ) (4,097 ) (4,236 ) Insurance (1,758 ) (1,767 ) (1,732 ) Office expenses (8,165 ) (5,357 ) (5,182 ) Contractors (5,730 ) (4,805 ) (4,329 ) Other expenses, by nature (13,291 ) (11,708 ) (3,728 ) Total (118,126 ) (101,171 ) (88,436 ) 25.5 Other expenses by function 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Classes of Employee Benefit Expenses Depreciation and amortization expense Depreciation of assets not in use (59 ) (90 ) (111 ) Subtotal (59 ) (90 ) (111 ) Impairment losses (reversals of impairment losses) recognized in profit (loss) for the year Amortization expense intangible (1,649 ) - - Subtotal (1,649 ) - - Other expenses, by nature Legal expenses (15,139 ) (25,176 ) (5,737 ) VAT and other unrecoverable taxes (1,187 ) (1,295 ) (1,015 ) Fines paid (965 ) (1,112 ) (31,867 ) Investment plan expenses (13,419 ) (10,006 ) (6,657 ) Donations not accepted as tax credit (4,502 ) (5,527 ) (1,692 ) Reorganization of related businesses 6,000 (6,000 ) - Expenses to cease operations - - (32,061 ) Other operating expenses (7,636 ) (4,394 ) (3,393 ) Subtotal (35,199 ) (53,510 ) (82,422 ) Total (36,907 ) (53,600 ) (82,533 ) 25.6 Other gains (losses) 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Adjust previous year application method of participation (664 ) 500 (721 ) Impairment of interests in joint ventures (1) (8,802 ) - - Sales of investments (2) 13,748 - 7,636 Others 2,122 43 (6,236 ) Total 6,404 543 679 (1) See Note 10.2. (2) During the month of December 2018, SQM S.A. sold its interest in Minera Exar S.A. generating a pre-tax profit of ThUS$14,507. 25.7 Impairment of gains and reversal of impairment losses 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Net impairment gains on reversal (losses) of financial assets 2,967 (8,038 ) (7,198 ) Total 2,967 (8,038 ) (7,198 ) 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ 25.8 Summary of expenses by nature January to December 2018 2017 2016 ThUS$ ThUS$ ThUS$ Raw materials and consumables (260,863 ) (227,620 ) (208,697 ) Classes of Employee Benefit Expenses Personnel expenses (267,449 ) (223,845 ) (209,527 ) Depreciation and amortization expense Depreciation expense (212,641 ) (232,365 ) (271,239 ) Amortization expense (8,858 ) (8,161 ) (12,444 ) Operating leases (79,951 ) (84,257 ) (75,784 ) Legal expenses (15,139 ) (25,176 ) (5,737 ) Investment plan expenses (26,803 ) (27,186 ) (24,354 ) Contractors (86,313 ) (78,920 ) (72,112 ) Mining concessions (8,168 ) (7,802 ) (7,313 ) Operation transport (64,352 ) (69,052 ) (59,399 ) Freight and product transport costs (43,510 ) (55,383 ) (64,857 ) Purchase of products from third parties (239,781 ) (208,147 ) (211,928 ) Office expenses (17,981 ) (15,612 ) (17,215 ) CORFO rights (182,954 ) (46,274 ) (41,962 ) Export costs (84,816 ) (83,057 ) (105,307 ) Representation expenses (4,805 ) (4,781 ) (4,022 ) Restructuring of joint ventures 6,000 (6,000 ) - Plant suspension expenses - - (32,061 ) Consultant and advisor services (12,848 ) (14,348 ) (16,474 ) Variation in inventory 11,600 (90,998 ) (10,774 ) Other expenses, by nature (38,925 ) (40,609 ) (48,048 ) Other expenses by nature (1,638,557 ) (1,549,593 ) (1,499,254 ) 25.9 Finance expenses January to December 2018 2017 2016 ThUS$ ThUS$ ThUS$ Interest expense from bank borrowings and overdrafts (1,707 ) (1,650 ) (1,847 ) Interest expense from bonds (55,887 ) (49,373 ) (55,563 ) Interest expense from loans (3,093 ) (2,002 ) (4,419 ) Capitalized interest expenses 5,021 4,382 5,406 Financial expenses for site closure (960 ) - - Other finance costs (3,288 ) (1,481 ) (1,075 ) Total (59,914 ) (50,124 ) (57,498 ) |
Reportable segments
Reportable segments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of entity's operating segments [Abstract] | |
Disclosure Of Entitys Reportable Segments Explanatory [Text Block] | Note 26 Reportable segments 26.1 Reportable segments General information: The Company revised its segment reporting as of December 31, 2017 and for the years ended December 31, 2017 and 2016 to make the following modifications: 1. Elimination of “Revenues from transactions with other operating segments of the same entity” amounts since the amounts presented in this line corresponded to transactions between companies within the same segment and did not represent inter-segment transactions. 2. Elimination of “Elimination of inter-segments amounts” column as this information intended to present consolidation adjustments that were not applicable for segment reporting. All the amounts presented in this column were reallocated into the “Unallocated amounts” column. The amount of each item presented in each operating segment is equal to that reported to the highest authority that makes decisions regarding the operation, in order to decide on the allocation of resources to the defined segments and to assess its performance. These operating segments mentioned are consistent with the way the Company is managed and how results will be reported by the Company. These segments reflect separate operating results that are regularly reviewed by the executive responsible for operational decisions in order to make decisions about the resources to be allocated to the segment and assess its performance (See Note 26.2). The performance of each segment is measured based on net income and revenues. Factors used to identify segments on which a report should be presented: The segments covered in the report are strategic business units that offer different products and services. These are managed separately because each business requires different technology and marketing strategies. Description of the types of products and services from which each reportable segment obtains its income from ordinary activities The operating segments, which obtain income from ordinary activities, generate expenses and have its operating results reviewed on a regular basis by the highest authority who makes decisions regarding operations, relate to the following groups of products: 1. Specialty plant nutrients 2. Iodine and its derivatives 3. Lithium and its derivatives 4. Industrial chemicals 5. Potassium 6. Other products and services Description of income sources for all the other segments Information regarding assets, liabilities, profits and expenses that cannot be assigned to the segments indicated above, due to the nature of production processes, is included under the "Unallocated amounts” category of the disclosed information. Basis of accounting for transactions between reportable segments Description of the nature of the differences between measurements of results of reportable segments and the result of the entity before the expense or income tax expense of incomes and discontinued operations The information reported in the segments is extracted from the Company’s consolidated financial statements and therefore there is no need to prepare reconciliations between the data mentioned above and those reported in the respective segments, according to what is stated in paragraph 28 of IFRS 8, "Operating Segments". For the allocation of inventory valuation costs, we identify the direct expenses (can be directly allocated to products) and the common expenses (belong to coproduction processes, for example common leaching expenses for production of Iodine and Nitrates). Direct costs are directly allocated to the product and the common costs are distributed according to percentages that consider different variables in their determination, such as margins, rotation of inventories, revenue, production and etc. The allocation of other common costs that are not included in the inventory valuation process, but go straight to the cost of sales, use similar criteria: the costs associated with a product or sales in particular are assigned to that particular product or sales, and the common costs associated with different products or business lines are allocated according to the sales. Description of the nature of the differences between measurements of assets of reportable segments and the Company´s assets Assets are not shown classified by segments, as this information is not readily available. Some of these assets are not separable by the type of activity by which they are affected since this information is not used by management in decision-making with respect to resources to be allocated to each defined segment. All assets are disclosed in the "unallocated amounts" category. Description of the nature of the differences between measurements of liabilities of reportable segments and the Company’s liabilities Liabilities are not shown classified by segments, as this information is not readily available. Some of these liabilities are not separable by the type of activity by which they are affected, since this information is not used by management in decision-making regarding resources to be allocated to each defined segment. All liabilities are disclosed in the "unallocated amounts" category. 26.2 Reportable segment disclosures: Operating segment items Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Reportable segments Operating segments Unallocated amounts Total 12/31/2018 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 781,750 324,972 734,801 108,268 267,474 48,538 2,265,803 2,265,803 2,265,803 Revenues from transactions with other operating segments of the same entity - - - - - - - - - - Revenues from external customers and transactions with other operating segments of the same entity 781,750 324,972 734,801 108,268 267,474 48,538 2,265,803 2,265,803 2,265,803 Costs of sales (613,267 ) (217,464 ) (316,875 ) (72,964 ) (217,386 ) (45,568 ) (1,483,524 ) (1,483,524 ) (1,483,524 ) Administrative expenses - - - - - - - - (118,126 ) (118,126 ) Interest expense - - - - - - - - (59,914 ) (59,914 ) Depreciation and amortization expense (73,073 ) (45,280 ) (44,837 ) (16,041 ) (41,891 ) (377 ) (221,499 ) (221,499 ) (221,499 ) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - - - 6,351 6,351 Income tax expense, continuing operations - - - - - - - - (178,975 ) (178,975 ) Other items other than significant cash Income (loss) before taxes 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (161,241 ) 621,038 Net income (loss) from continuing operations 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (340,216 ) 442,063 Net income (loss) from discontinued operations Net income (loss) 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (340,216 ) 442,063 Assets - - - - - - - - 4,268,094 4,268,094 Equity-accounted investees - - - - - - - - 111,549 111,549 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts (15,028 ) (15,028 ) Increase of non-current assets - - - - - - - - Liabilities - - - - - - - - 2,130,291 2,130,291 Impairment loss recognized in profit or loss (2,227 ) (1,171 ) (243 ) (79 ) (3,006 ) (553 ) (7,279 ) (7,279 ) 2,985 (4,294 ) Reversal of impairment losses recognized in profit or loss for the period - - - - - - - - - - Cash flows from (used in) operating activities - - - - - - - - 524,1839 524,839 Cash flows from (used in) investing activities - - - - - - - - (187,004 ) (187,004 ) Cash flows from (used in) financing activities - - - - - - - - (387,313 ) (387,313 ) Operating segment items Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Reportable segments Operating segments Unallocated amounts Total 12/31/2017 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 697,251 252,123 644,573 135,578 379,326 48,472 2,157,323 2,157,323 - 2,157,323 Revenues from transactions with other operating segments of the same entity - - - - - - - - - - Revenues from external customers and transactions with other operating segments of the same entity 697,251 252,123 644,573 135,578 379,326 48,472 2,157,323 2,157,323 - 2,157,323 Costs of sales (555,356 ) (199,808 ) (189,242 ) (91,753 ) (313,690 ) (44,973 ) (1,394,822 ) (1,394,822 ) - (1,394,822 ) Administrative expenses - - - - - - - - (101,171 ) (101,171 ) Interest expense - - - - - - - - (50,124 ) (50,124 ) Depreciation and amortization expense (73,702 ) (44,252 ) (18,036 ) (16,050 ) (88,130 ) (356 ) (240,526 ) (240,526 ) - (240,526 ) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - - - 14,452 14,452 Income tax expense, continuing operations - - - - - - - - (166,173 ) (166,173 ) Other items other than significant cash Income (loss) before taxes 141,895 52,315 455,331 43,825 65,636 3,499 762,501 762,501 (167,911 ) 594,590 Net income (loss) from continuing operations 141,895 52,315 455,331 43,825 65,636 3,499 762,501 762,501 (334,084 ) 428,417 Net income (loss) from discontinued operations Net income (loss) 141,895 52,315 455,331 43,825 65,636 3,499 762,501 762,501 (334,084 ) 428,417 Assets - - - - - - - - 4,296,236 4,296,236 Equity-accounted investees - - - - - - - - 152,630 152,630 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts - - Increase of non-current assets - - - - - - - - - - Liabilities - - - - - - - - 2,048,768 2,048,768 Impairment loss recognized in profit or loss (15,025 ) 335 1,112 (3,546 ) (240 ) (219 ) (17,583 ) (17,583 ) (14,316 ) (31,899 ) Reversal of impairment losses recognized in profit or loss for the period - - - - - - - - - - Cash flows from (used in) operating activities - - - - - - - - 758,272 758,227 Cash flows from (used in) investing activities - - - - - - - - (248,067 ) (248,067 ) Cash flows from (used in) financing activities - - - - - - - - (411,920 ) (411,920 ) 12/31/2016 Operating segment items Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Reportable segments Operating segments Unallocated amounts Total 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 623,853 231,144 514,627 104,137 403,323 62,238 1,939,322 1,939,322 - 1,939,322 Revenues from transactions with other operating segments of the same entity - - - - - - - - - - Revenues from external customers and transactions with other operating segments of the same entity 623,853 231,144 514,627 104,137 403,323 62,238 1,939,322 1,939,322 - 1,939,322 Costs of sales (478,074 ) (191,298 ) (175,616 ) (67,378 ) (359,477 ) (56,442 ) (1,328,285 ) (1,328,285 ) - (1,328,285 ) Administrative expenses - - - - - - - - (88,436 ) (88,436 ) Interest expense - - - - - - - - (57,498 ) (57,498 ) Depreciation and amortization expense (89,864 ) (35,958 ) (33,010 ) (12,666 ) (67,571 ) (10,612 ) (249,681 ) (249,681 ) (111 ) (249,792 ) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - - - 13,047 13,047 Income tax expense, continuing operations - - - - - - - - (132,965 ) (132,965 ) Other items other than significant cash - - - - - - - - - - Income (loss) before taxes 145,779 39,846 339,011 36,759 43,846 5,796 611,037 611,037 (196,148 ) 414,889 Net income (loss) from continuing operations 145,779 39,846 339,011 36,759 43,846 5,796 611,037 611,037 (329,113 ) 281,924 Net income (loss) from discontinued operations Net income (loss) 145,779 39,846 339,011 36,759 43,846 5,796 611,037 611,037 (329,113 ) 281,924 Assets - - - - - - - - 4,217,980 4,217,980 Equity-accounted investees - - - - - - - - 133,140 133,140 Increase of non-current assets - - - - - - - - (107,268 ) (107,268 ) Liabilities - - - - - - - - 1,910,708 1,910,708 Impairment loss recognized in profit or loss - - (251 ) - - (698 ) (949 ) (949 ) (39,595 ) (40,544 ) Reversal of impairment losses recognized in profit or loss for the period 133 325 - 233 2,216 - 2,907 2907 - 2,907 26.3 Statement of comprehensive income classified by reportable segments based on groups of products 12/31/2018 Items in the statement of comprehensive income Specialty plant nutrients ThUS$ Iodine and its derivatives ThUS$ Lithium and its derivatives ThUS$ Industrial chemicals ThUS$ Potassium ThUS$ Other products and services ThUS$ Corporate Unit ThUS$ Total segments and Corporate unit ThUS$ Revenue 781,750 324,972 734,801 108,268 267,474 48,538 - 2,265,803 Cost of sales (613,267 ) (217,464 ) (316,875 ) (72,964 ) (217,386 ) (45,568 ) - (1,483,524 ) Gross profit 168,483 107,508 417,926 35,304 50,088 2,970 - 782,279 Other incomes by function - - - - - - 32,048 32,048 Administrative expenses - - - - - - (118,126 ) (118,126 ) Other expenses by function - - - - - - (36,907 ) (36,907 ) Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 - - - - - - 2,967 2,967 Other gains (losses) - - - - - - 6,404 6,404 Financial income - - - - - - 22,533 22,533 Financial costs - - - - - - (59,914 ) (59,914 ) interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - 6,351 6,351 Exchange differences - - - - - - (16,597 ) (16,597 ) Profit (loss) before taxes 168,483 107,508 417,926 35,304 50,088 2,970 (161,241 ) 621,038 Income tax expense - - - - - - (178,975 ) (178,975 ) Profit (loss) from continuing operations 168,483 107,508 417,926 35,304 50,088 2,970 (340,216 ) 442,063 Profit (loss) from discontinued operations - - - - - - - - Profit (loss) 168,483 107,508 417,926 35,304 50,088 2,970 (340,216 ) 442,063 Profit (loss), attributable to Profit (loss) attributable to the controller´s owners - - - - - - - 439,830 Profit (loss) attributable to the non-controllers - - - - - - - 2,233 Profit (loss) - - - - - - - 442,063 12/31/2017 Items in the statement of comprehensive income Specialty plant nutrients ThUS$ Iodine and its derivatives ThUS$ Lithium and its derivatives ThUS$ Industrial chemicals ThUS$ Potassium ThUS$ Other products and services ThUS$ Corporate Unit ThUS$ Total segments and Corporate unit ThUS$ Revenue 697,251 252,123 644,573 135,578 379,326 48,472 - 2,157,323 Cost of sales (555,356 ) (199,808 ) (189,242 ) (91,753 ) (313,690 ) (44,973 ) - (1,394,822 ) Gross profit 141,895 52,315 455,331 43,825 65,636 3,499 - 762,501 Other incomes by function - - - - - - 17,827 17,827 Administrative expenses - - - - - - (101,171 ) (101,171 ) Other expenses by function - - - - - - (53,600 ) (53,600 ) Other gains (losses) - - - - - - 543 543 Financial income - - - - - - 13,499 13,499 Financial costs - - - - - - (50,124 ) (50,124 ) Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 - - - - - - (8,038 ) (8,038 ) interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - 14,452 14,452 Exchange differences - - - - - - (1,299 ) (1,299 ) Profit (loss) before taxes 141,895 52,315 455,331 43,825 65,636 3,499 (167,911 ) 594,590 Income tax expense - - - - - - (166,173 ) (166,173 ) Profit (loss) from continuing operations 141,895 52,315 455,331 43,825 65,636 3,499 (334,084 ) 428,417 Profit (loss) from discontinued operations - - - - - - - - Profit (loss) 141,895 52,315 455,331 43,825 65,636 3,499 (334,084 ) 428,417 Profit (loss), attributable to - - - - - - - - Profit (loss) attributable to the controller´s owners - - - - - - - 427,697 Profit (loss) attributable to the non-controllers - - - - - - - 720 Profit (loss) - - - - - - - 428,417 12/31/2016 Items in the statement of comprehensive income Specialty plant nutrients ThUS$ Iodine and its derivatives ThUS$ Lithium and its derivatives ThUS$ Industrial chemicals ThUS$ Potassium ThUS$ Other products and services ThUS$ Corporate Unit ThUS$ Total segments and Corporate unit ThUS$ Revenue 623,853 231,144 514,627 104,137 403,323 62,238 - 1,939,322 Cost of sales (478,074 ) (191,298 ) (175,616 ) (67,378 ) (359,477 ) (56,442 ) - (1,328,285 ) Gross profit 145,779 39,846 339,011 36,759 43,846 5,796 - 611,037 Other incomes by function - - - - - - 15,202 15,202 Administrative expenses - - - - - - (88,436 ) (88,436 ) Other expenses by function - - - - - - (82,533 ) (82,533 ) Other gains (losses) - - - - - - 679 679 Financial income - - - - - - 10,129 10,129 Financial costs - - - - - - (57,498 ) (57,498 ) Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 - - - - - - 7,198 7,198 interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - 13,047 13,047 Exchange differences - - - - - - 460 460 Profit (loss) before taxes 145,779 39,846 339,011 36,759 43,846 5,796 (196,148 ) 414,889 Income tax expense - - - - - - (132,965 ) (132,965 ) Profit (loss) from continuing operations 145,779 39,846 339,011 36,759 43,846 5,796 (329,113 ) 281,924 Profit (loss) from discontinued operations - - - - - - - - Profit (loss) 145,779 39,846 339,011 36,759 43,846 5,796 (329,113 ) 281,924 Profit (loss), attributable to Profit (loss) attributable to the controller´s owners - - - - - - - 278,290 Profit (loss) attributable to the non-controllers - - - - - - - 3,634 Profit (loss) - - - - - - - 281,924 26.6 Segments by geographical areas as of December 31, 2018, 2017 and 2016 12/31/2018 Items Chile ThUS$ Latin America and the Caribbean ThUS$ Europe ThUS$ North America ThUS$ Asia and others ThUS$ Total ThUS$ Revenue 189,349 180,189 479,664 471,515 945,086 2,265,803 Investment accounted for under the equity method (6,588 ) - 61,256 16,115 40,766 111,549 Intangible assets other than goodwill 110,544 - 386 152 77,201 188,283 Goodwill 22,535 86 11,373 724 - 34,718 Property, plant and equipment, net 1,445,349 347 4,451 3,098 1,578 1,454,823 Investment property - - - - - - Other non-current assets 17,111 23 - (892 ) 11,298 27,540 Non-current assets that are not financial instruments 1,588,951 456 77,466 19,197 130,843 1,816,913 12/31/2017 Items Chile ThUS$ Latin America and the Caribbean ThUS$ Europe ThUS$ North America ThUS$ Asia and others ThUS$ Total ThUS$ Revenue 140,764 228,759 1,048,556 441,377 297,867 2,157,323 Investment accounted for under the equity method (5,513 ) 33,065 33,318 15,193 76,567 152,630 Intangible assets other than goodwill 113,152 - 453 182 - 113,787 Goodwill 23,731 6,290 11,374 724 2,058 44,177 Property, plant and equipment, net 1,421,141 313 3,857 2,469 1,574 1,429,354 Investment property - - - - - - Other non-current assets 19,234 28 - - - 19,262 Non-current assets that are not financial instruments 1,571,745 39,696 49,002 18,568 80,199 1,759,210 12/31/2016 Items Chile ThUS$ Latin America and the Caribbean ThUS$ Europe ThUS$ North America ThUS$ Asia and others ThUS$ Total ThUS$ Revenue 162,477 240,607 411,807 416,380 708,051 1,939,323 Investment accounted for under the equity method - 5,000 25,009 13,456 69,675 113,140 Intangible assets other than goodwill 109,227 - - 211 1 109,439 Goodwill 23,731 86 11,373 724 2,058 37,972 Property, plant and equipment, net 1,526,992 234 3,521 2,536 1,483 1,534,766 Investment property - - - - - - Other non-current assets 24,551 139 - - - 24,690 Non-current assets that are not financial instruments 1,684,501 5,459 39,903 16,927 73,217 1,820,007 26.8 Property, plant and equipment classified by geographical areas The company's main production facilities are located near their mines and extraction facilities in northern Chile. The following table presents the main production facilities as of December 31, 2018 and December 31, 2017: Location Products - Pedro de Valdivia : Production of iodine and nitrate salts - María Elena : Production of iodine and nitrate salts - Coya Sur : Production of nitrate salts - Nueva Victoria : Production of iodine and nitrate salts - Salar de Atacama : Potassium chloride, lithium chloride, boric acid and potassium sulfate - Salar del Carmen : Production of lithium carbonate and lithium hydroxide - Tocopilla : Port facilities |
Borrowing costs
Borrowing costs | 12 Months Ended |
Dec. 31, 2018 | |
Borrowing costs [abstract] | |
Disclosure of borrowing costs [text block] | Note 27 Borrowing costs The cost of interest is recognized as an expense in the year in which it is incurred, except for interest that is directly related to the acquisition and construction of tangible property, plant and equipment assets and that complies with the requirements of IAS 23. As of December 31, 2018, total interest expenses incurred amount to ThUS$59,914 (ThUS$50,124 as of December 31, 2017). The Company capitalizes all interest costs directly related to the construction or to the acquisition of property, plant and equipment, which require a substantial time to be suitable for use. 27.1 Costs of capitalized interest, property, plant and equipment The cost of capitalized interest is determined by applying the average or weighted average of all financing costs incurred by the Company to the monthly end balances of works-in-progress meeting the requirements of IAS 23. The rates and costs for capitalized interest of property, plant and equipment are detailed as follows: 12/31/2018 12/31/2017 Capitalization rate of costs for capitalized interest, property, plant and equipment 4 % 4 % Amount of costs for interest capitalized in ThUS$ 5,021 4,382 |
Effect of fluctuations in forei
Effect of fluctuations in foreign currency exchange rates | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of effect of changes in foreign exchange rates [Abstract] | |
Disclosure of effect of changes in foreign exchange rates [text block] | Note 28 Effect of fluctuations in foreign currency exchange rates a) Foreign currency exchange differences recognized in profit or loss except for financial instruments measured at fair value through profit or loss: 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Conversion foreign exchange gains (losses) recognized in the result of the year. (16,597 ) (1,299 ) 460 Conversion foreign exchange reserves attributable to the owners of the controlling entity. (1,394 ) (5,450 ) (5,428 ) Conversion foreign exchange reserves attributable to the non-controlling entity. 168 4 35 b) Reserves for foreign currency exchange differences: As of December 31, 2018 and 2017, foreign currency exchange differences are detailed as follows: Detail 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Changes in equity generated by conversion of equity value: Comercial Hydro S.A. 1,004 1,004 1,004 SQMC Internacional Ltda. (17 ) (2 ) (13 ) Proinsa Ltda. (11 ) (7 ) (10 ) Comercial Agrorama Ltda. (21 ) (44 ) (69 ) Isapre Norte Grande Ltda. (1 ) (74 ) (124 ) Almacenes y Depósitos Ltda. 113 97 47 Sacal S.A. (3 ) - (29 ) Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. (10 ) - (6 ) Agrorama S.A. 132 (98 ) (49 ) Doktor Tarsa (13,811 ) (14,447 ) (12,264 ) SQM Vitas Fzco (2,682 ) (1,779 ) (1,801 ) Ajay Europe (1,270 ) (831 ) (1,935 ) SQM Eastmed Turkey (113 ) (92 ) (95 ) Charlee SQM (Thailand) Co. Ltd. - (285 ) (460 ) Coromandel SQM India (393 ) (234 ) (282 ) SQM Italia SRL (213 ) (154 ) (287 ) SQM Oceanía Pty Ltd. (634 ) (634 ) (634 ) SQM Indonesia S.A. (124 ) (124 ) (124 ) Abu Dhabi Fertillizers Industries WWL. (435 ) (435 ) (434 ) SQM Vitas Holland (170 ) (101 ) (280 ) SQM Thailand Limited (68 ) (68 ) (68 ) SQM Europe (1,983 ) (1,550 ) (1,550 ) Minera Exar S.A. - (5,209 ) - SQM Australia Pty Ltd. (4,222 ) 154 - Pavoni & C. Spa 70 - - Terra Tarsa BV (82 ) - - Plantacote NV (34 ) - - Doktolab Tarim Arastirma San. (29 ) - - Kore Potash PLC (a) (1,206 ) - - SQM Colombia SAS (94 ) - - Total (26,307 ) (24,913 ) (19,463 ) c) Functional and presentation currency The functional currency of these companies corresponds to the currency of the country of origin of each entity, and its presentation currency is the U.S. dollar. d) Reasons to use one presentation currency and a different functional currency - The total revenues of these subsidiaries are associated with the local currency. - The commercialization cost structure of these companies is affected by the local currency. |
Disclosures on the effects of f
Disclosures on the effects of fluctuations in foreign currency exchange rates | 12 Months Ended |
Dec. 31, 2018 | |
Foreign exchange rates [abstract] | |
Disclosure of assets and liabilities subject to foreign currency fluctuations [Text Block] | Note 29 Disclosures on the effects of fluctuations in foreign currency exchange rates Assets held in foreign currency subject to fluctuations in exchange rates are detailed as follows: Class of assets Currency 12/31/2018 12/31/2017 Current assets: Cash and cash equivalents ARS 2 1 Cash and cash equivalents BRL - 38 Cash and cash equivalents CLP 157,500 579 Cash and cash equivalents CNY 2,305 1,143 Cash and cash equivalents EUR 4,738 9,782 Cash and cash equivalents GBP - 55 Cash and cash equivalents AUD 29,598 - Cash and cash equivalents MXN 1,242 258 Cash and cash equivalents PEN 1 8 Cash and cash equivalents THB 1 - Cash and cash equivalents YEN 1,786 1,773 Cash and cash equivalents ZAR 5,219 4,074 Subtotal cash and cash equivalents 202,392 17,711 Other current financial assets CLP 20,931 39,126 Subtotal other current financial assets 20,931 39,126 Other current non-financial assets BRL - 1 Other current non-financial assets ARS 2 - Other current non-financial assets AUD 102 - Other current non-financial assets COP - 30 Other current non-financial assets CLF 47 46 Other current non-financial assets CLP 20,276 12,172 Other current non-financial assets CNY 8 12 Other current non-financial assets EUR 3,153 235 Other current non-financial assets MXN 3,274 1,429 Other current non-financial assets THB 19 279 Other current non-financial assets PEN - 20 Other current non-financial assets YEN 21 18 Other current non-financial assets ZAR 1,547 2,941 Subtotal other current non-financial assets 28,449 17,183 Trade and other receivables ARS - 6 Trade and other receivables BRL 20 23 Trade and other receivables CLF 453 427 Trade and other receivables CLP 71,730 85,837 Trade and other receivables CNY 11,361 10,426 Trade and other receivables EUR 31,426 49,627 Trade and other receivables GBP - 90 Trade and other receivables MXN 452 195 Trade and other receivables AED 15,841 546 Trade and other receivables THB 2,970 791 Trade and other receivables YEN 76,267 41,582 Trade and other receivables ZAR 571 23,825 Subtotal trade and other receivables 211,091 213,375 Receivables from related parties EUR 105 58 Receivables from related parties THB - 74 Subtotal receivables from related parties 105 132 Class of assets Currency 12/31/2018 ThUS$ 12/31/2017 ThUS$ Current tax assets ARS 2 4 Current tax assets CLP 601 1,413 Current tax assets EUR 3,500 183 Current tax assets ZAR - 431 Current tax assets MXN 843 - Current tax assets PEN 131 201 Subtotal current tax assets 5,077 2,232 Subtotal current assets 468,045 289,759 Non-current assets Other non-current financial assets CLP 20 20 Other non-current financial assets YEN 72 42 Subtotal other non-current financial assets 92 62 Other non-current non-financial assets BRL 23 27 Other non-current non-financial assets CLP 758 822 Subtotal other non-current non-financial assets 781 849 Non-current right receivable CLF 329 209 Non-current right receivable COP - 47 Non-current right receivable CLP 1,807 1,256 Subtotal non-current rights receivable 2,136 1,512 Equity-accounted investees AED 31,023 35,414 Equity-accounted investees EUR 14,929 8,144 Equity-accounted investees INR 1,729 1,632 Equity-accounted investees THB 53 2,491 Equity-accounted investees TRY 21,892 21,741 Subtotal equity-accounted investees 69,626 69,422 Intangible assets other than goodwill CLP 85 48 Subtotal intangible assets other than goodwill 85 48 Property, plant and equipment CLP 3,387 3,574 Subtotal property, plant and equipment 3,387 3,574 Total non-current assets 76,107 75,467 Total assets 544,152 365,226 Liabilities held in foreign currencies are detailed as follows: 12/31/2018 12/31/2017 Class of liability Currency 91 days to 1 ThUS$ 91 days to 1 Total Up to90 days 91 days to 1 Total Current liabilities Other current financial liabilities CLF 342 6,256 6,598 4,947 - 4,947 Other current financial liabilities BRL 52 - 52 - - - Subtotal other current financial liabilities 394 6,256 6,650 4,947 - 4,947 Trade and other payables BRL 34 - 34 37 - 37 Trade and other payables THB 65 - 65 91 - 91 Trade and other payables CLP 69,789 - 69,789 61,310 4,361 65,671 Trade and other payables EUR 36,439 36,439 32,896 - 32,896 Trade and other payables GBP - - - 11 - 11 Trade and other payables INR 1 - 1 1 - 1 Trade and other payables MXN 7 - 7 13 - 13 Trade and other payables PEN - - - 3 - 3 Trade and other payables ZAR 1,842 1,842 2,541 - 2,541 Subtotal trade and other payables 108,177 - 108,177 96,903 4,361 101,264 Other current provisions ARS - 13 13 - 12 12 Other current provisions BRL 707 - 707 739 - 739 Other current provisions CLP - 64 64 - 80 80 Other current provisions EUR 243 - 243 243 - 243 Subtotal other current provisions 950 77 1,027 982 92 1,074 Current tax liabilities CLP - 31 31 - 326 326 Current tax liabilities BRL - 3 3 - 6 6 Current tax liabilities CNY - 8 8 3 - 3 Current tax liabilities EUR 4,548 1,000 5,548 - 644 644 Current tax liabilities ZAR - 201 201 264 - 264 Current tax liabilities MXN - 9 9 3 3,071 3,074 Subtotal current tax liabilities 4,548 1,252 5,800 270 4,047 4,317 12/31/2018 12/31/2017 Class of liability Currency Up to 90 ThUS$ over 90 days ThUS$ Total ThUS$ Up to 90 ThUS$ Over 90 days ThUS$ Total ThUS$ Other current non-financial liabilities BRL 3 - 3 15 - 15 Other current non-financial liabilities CLP 7,703 6,431 14,134 8,708 1,824 10,532 Other current non-financial liabilities CNY 11 40 51 7 - 7 Other current non-financial liabilities EUR 1,053 - 1,053 2,955 - 2,955 Other current non-financial liabilities MXN 103 46 149 346 34 380 Other current non-financial liabilities YEN - - - - - - Other current non-financial liabilities PEN 70 - 70 70 - 70 Other current non-financial liabilities ZAR 11 - 11 12 - 12 Subtotal other current non-financial liabilities 8,954 6,517 15,471 12,113 1,858 13,971 Total current liabilities 123,023 14,102 137,125 115,215 10,358 125,573 12/31/2018 Class of liability Currency 1 to 2 years ThUS$ 2 to 3 years ThUS$ 3 to 4 years ThUS$ 4 to 5 years ThUS$ Over 5 years ThUS$ Total ThUS$ Non-current liabilities Other non-current financial liabilities CLF - - - - 453,818 453,818 Subtotal other non-current financial liabilities - - - - 453,818 453,818 Non-current provisions for employee benefits CLP - - - - 521 521 Non-current provisions for employee benefits MXN - - - - 175 175 Non-current provisions for employee benefits YEN - - - - 171 171 Subtotal non-current provisions for employee benefits - - - - 867 867 Total non-current liabilities - - - - 454,685 454,685 12/31/2017 Class of liability Currency 1 to 2 ThUS$ 2 to 3 ThUS$ 3 to 4 ThUS$ 4 to 5 years ThUS$ Over 5 ThUS$ Total ThUS$ Non-current liabilities Other non-current financial liabilities CLF - - - - 237,279 237,279 Subtotal other non-current financial liabilities - - - - 237,279 237,279 Non-current provisions for employee benefits CLP - - - - 601 601 Non-current provisions for employee benefits MXN - - - - 65 65 Non-current provisions for employee benefits YEN - - - - 626 626 Subtotal non-current provisions for employee benefits - - - - 1,292 1,292 Total non-current liabilities - - - - 238,571 238,571 |
Income tax and deferred taxes
Income tax and deferred taxes | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of income tax [Abstract] | |
Disclosure of income tax [text block] | Note 30 Income tax and deferred taxes Accounts receivable from taxes as of December 31, 2018 and December 31, 2017, are as follows: 30.1 Current and non-current tax assets a) Current tax assets 12/31/2018 12/31/2017 ThUS$ ThUS$ Monthly provisional income tax payments, Chilean companies 21,172 2,802 Monthly provisional income tax payments, foreign companies 5,199 808 Corporate tax credits (1) 1,858 456 Taxes in recovery process 28,881 28,225 Total 57,110 32,291 b) Non-current tax assets 12/31/2018 12/31/2017 ThUS$ ThUS$ Monthly provisional income tax payments, Chilean companies 6,398 6,398 Specific tax on mining activities paid (on consignment) 25,781 25,781 Total 32,179 32,179 (1) These credits are available for Companies and are related to corporate tax payments in April of the following year. These credits include, among others, credits for training expenses (SENCE), credits for acquisition of fixed assets, donations and credits in Chile for taxes paid abroad. 30.2 Current tax liabilities Current tax liabilities 12/31/2018 12/31/2017 ThUS$ ThUS$ 1st Category income tax 25,163 45,479 Foreign company income tax 21,097 28,996 Article 21 single tax 1,152 927 Total 47,412 75,402 Income tax is calculated based on the profit or loss for tax purposes that is applied to the effective tax rate applicable in Chile. As established by Law No.20,780, a progressive income tax rate has been established, which is 27% from 2018. The royalty is determined by applying the taxable rate to the net operating income obtained. According to the chart in force, the Company currently provisioned 5% for mining royalties that involve operations in the Salar de Atacama and 5.64% for caliche extraction operations. The income tax rate for the main countries where the Company operates is presented below : Country Income tax 2018 Income tax 2017 Spain 25 25 Belgium 29.58 33.99 Mexico 30% 30 United States 21% 34%+6% South Africa 28% 28 30.3 Income tax and deferred taxes Assets and liabilities recognized in the statement of financial position are offset if and only if: 1 The Company has recognized legally before the tax authority the right to offset the amounts recognized in these entries; and 2 Deferred income tax assets and liabilities are derived from income tax related to the same tax authority on: (i) the same entity or tax subject; or (ii) different entities or tax subjects who intend either to settle current fiscal assets and liabilities for their net amount, or to exercise tax assets and pay liabilities simultaneously in each of the future periods in which the Company expects to settle or recover significant amounts of deferred tax assets or liabilities. Recognized deferred income tax assets are the income taxes that are to be recovered in future periods, related to: a) deductible temporary differences. b) the offsetting of losses obtained in prior periods and not yet subject to tax deduction; and c) the offsetting of unused credits from prior periods. The Company recognizes a deferred tax asset when there is certainty that these can be offset with tax income from subsequent periods, losses or fiscal credits not yet used, but solely as long as it is more likely than not that there will be tax earnings in the future against which to charge these losses or unused fiscal credits. Recognized deferred tax liabilities refer to the amounts of income taxes payable in future periods related to taxable temporary differences. d.1) Income tax assets and liabilities as of December 31, 2018 are detailed as follows: Net liability position Description of deferred tax assets and liabilities Assets Liabilities ThUS$ ThUS$ Unrealized loss 75,832 - Property, plant and equipment and capitalized interest - (196,843 ) Facility closure provision 4,280 - Manufacturing expenses - (103,760 ) Staff severance indemnities, unemployment insurance - (5,679 ) Vacation accrual 5,155 - Inventory provision 28,155 - Materials provision 6,239 - Forwards 2,169 - Employee benefits 3,309 - Research and development expenses - (2,216 ) Accounts receivable 4,188 - Provision for legal complaints and expenses 4,013 - Loan approval expenses - (2,337 ) Junior mining companies (valued based on stock price) - (976 ) Royalty - (3,278 ) Tax loss benefit 1,124 - Other 5,005 - Foreign items (other) 259 - Balances to date 139,728 (315,089 ) Net balance - (175,361 ) d.2) Income tax assets and liabilities as of December 31, 2017 are detailed as follows Net liability position Description of deferred tax assets and liabilities Assets Liabilities ThUS$ ThUS$ Unrealized loss 68,544 - Property, plant and equipment and capitalized interest - (211,374 ) Facility closure provision 3,469 - Manufacturing expenses - (102,748 ) Staff severance indemnities, unemployment - (6,792 ) Vacation accrual 4,887 - Inventory provision 25,172 - Materials provision 7,107 - Forwards 624 - Employee benefits 2,317 - Research and development expenses - (3,501 ) Accounts receivable 4,253 - Provision for legal complaints and expenses 5,243 - Loan approval expenses - (2,670 ) Junior mining companies (valued based on stock price) - (2,474 ) Royalty - (4,084 ) Tax loss benefit 1,437 - Other 5,002 - Foreign items (other) 305 - Balances to date 128,360 (333,643 ) Net balance - (205,283 ) d.3) Reconciliation of changes in deferred tax liabilities (assets) as of December 31, 2018 Deferred tax liability (asset) at beginning of period Deferred tax expense (benefit) recognized in profit (loss) for the year Deferred taxes related to items credited (charged) directly to equity Total increases (decreases) in deferred tax liabilities (assets) Deferred tax liability (asset) at end of period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (68,544 ) (7,288 ) - (7,288 ) (75,832 ) Property, plant and equipment and capitalized interest 211,374 (14,531 ) - (14,531 ) 196,843 Facility closure provision (3,469 ) (811 ) - (811 ) (4,280 ) Manufacturing expenses 102,748 1,012 - 1,012 103,760 Individual savings plans, unemployment insurance 6,792 (667 ) (446 ) (1,113 ) 5,679 Vacation accrual (4,887 ) (268 ) - (268 ) (5,155 ) Inventory provision (25,172 ) (2,983 ) - (2,983 ) (28,155 ) Materials provision (7,107 ) 868 - 868 (6,239 ) Forwards (624 ) (1,545 ) - (1,545 ) (2,169 ) Employee benefits (2,317 ) (992 ) - (992 ) (3,309 ) Research and development expenses 3,501 (1,285 ) - (1,285 ) 2,216 Accounts receivable (4,253 ) 686 (621 ) 65 (4,188 ) Provision for legal complaints and expenses (5,243 ) 1,230 - 1,230 (4,013 ) Loan approval expenses 2,670 (333 ) - (333 ) 2,337 Junior mining companies (valued based on stock price) 2,474 - (1,498 ) (1,498 ) 976 Royalty 4,084 (795 ) (11 ) (806 ) 3,278 Tax loss benefit (1,437 ) 313 - 313 (1,124 ) Other (5,002 ) (64 ) 61 (3 ) (5,005 ) Foreign items (other) (305 ) 46 - 46 (259 ) Total temporary differences, unused losses and unused tax credits 205,283 (27,407 ) (2,515 ) (29,922 ) 175,361 d.4) Reconciliation of changes in deferred tax liabilities (assets) as of December 31, 2017 Deferred tax liability (asset) at beginning of period Deferred tax expense (benefit) recognized in profit (loss) for the year Deferred taxes related to items credited (charged) directly to equity Total increases (decreases) in deferred tax liabilities (assets) Deferred tax liability (asset) at end of period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (86,156 ) 17,612 - 17,612 (68,544 ) Property, plant and equipment and capitalized interest 225,124 (13,750 ) - (13,750 ) 211,374 Facility closure provision (1,589 ) (1,880 ) - (1,880 ) (3,469 ) Manufacturing expenses 110,630 (7,882 ) - (7,882 ) 102,748 Individual savings plans, unemployment insurance 5,214 1,876 (298 ) 1,578 6,792 Vacation accrual (4,061 ) (826 ) - (826 ) (4,887 ) Inventory provision (20,684 ) (4,488 ) - (4,488 ) (25,172 ) Materials provision (7,776 ) 669 - 669 (7,107 ) Forwards (10,206 ) 9,582 - 9,582 (624 ) Employee benefits (6,783 ) 4,466 - 4,466 (2,317 ) Research and development expenses 4,641 (1,140 ) - (1,140 ) 3,501 Accounts receivable (4,305 ) 52 - 52 (4,253 ) Provision for legal complaints and expenses (7,686 ) 2,443 - 2,443 (5,243 ) Loan approval expenses 3,115 (445 ) - (445 ) 2,670 Junior mining companies (valued based on stock price) 1,300 624 550 1,174 2,474 Royalty 6,457 (2,389 ) 16 (2,373 ) 4,084 Tax loss benefit (1,302 ) (135 ) - (135 ) (1,437 ) Other (266 ) (4,736 ) - (4,736 ) (5,002 ) Foreign items (other) (212 ) (93 ) - (93 ) (305 ) Total temporary differences, unused losses and unused tax credits 205,455 (440 ) 268 (172 ) 205,283 During the period ended December 31, 2018 and December 31, 2017, the Company calculated and accounted for taxable income considering a rate of 27% and 25.5% respectively, in conformity with Law No. 20,780, Tax Reform, published in the Official Gazette on September 29, 2014. The main amendments include a gradual increase in the corporate income tax rate up to 27% starting from 2018. d.5) Deferred taxes related to benefits for tax losses The Company’s tax loss carryforwards were mainly generated by losses in Chile, which in accordance with current Chilean tax regulations have no expiration date. As of December 31, 2018 and December 31, 2017, tax loss carryforwards are detailed as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Chile 1,125 1,437 Total 1,125 1,437 Tax losses as of December 31, 2018 correspond mainly to SQM S.A., Exploraciones Mineras S.A. Comercial Agrorama S.A., Agrorama Ltd. and SIT S.A. d.6) Unrecognized deferred income tax assets and liabilities Unrecognized deferred tax assets and liabilities as of December 31, 2018 and December 31, 2017 are as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Assets (liabilities) Assets (liabilities) Tax losses (NOLs) 32 37 Doubtful accounts impairment 47 48 Inventory impairment 947 1,347 Pensions plan 62 1 Accrued vacations 19 19 Depreciation (127 ) (139 ) Other (28 ) (36 ) Balances to date 952 1,277 d.7) Movements in deferred tax assets and liabilities Movements in deferred tax assets and liabilities as of December 31, 2018 and December 31, 2017 are detailed as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Liabilities Liabilities (assets) Deferred tax assets and liabilities, net opening balance (205,283 ) (205,455 ) Increase (decrease) in deferred taxes in profit or loss 27,407 440 Increase (decrease) in deferred taxes in equity 2,515 (268 ) Balances to date (175,361 ) (205,283 ) d.8) Disclosures on income tax expense (income) The Company recognizes current and deferred taxes as income or expenses, and they are included in profit or loss, unless they arise from: (a) a transaction or event recognized in the same period or in a different period, outside profit or loss either in other comprehensive income or directly in equity; or (b) a business combination Current and deferred tax expenses (income) are detailed as follows: 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Income (expenses) Income (expenses) Income (expenses) Current income tax expense Current income tax expense (207,959 ) (182,567 ) (149,669 ) Adjustments to prior year current income tax 1,577 15,954 2,080 Current income tax expense, net, total (206,382 ) (166,613 ) (147,589 ) Deferred tax expense Deferred tax expense (income) relating to the creation and reversal of temporary differences 27,407 440 14,624 Deferred tax expense, net, total 27,407 440 14,624 Tax expense (income) (178,975 ) (166,173 ) (132,965 ) Tax expenses (income) for foreign and domestic parties are detailed as follows: 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Income (expenses) Income (expenses) Income (expenses) Current income tax expense by foreign and domestic parties, net Current income tax expense, foreign parties, net (7,516 ) (14,396 ) (10,844 ) Current income tax expense, domestic, net (198,866 ) (152,217 ) (136,745 ) Current income tax expense, net, total (206,382 ) (166,613 ) (147,589 ) Deferred tax expense by foreign and domestic parties, net Deferred tax expense, foreign parties, net (1,885 ) (154 ) 626 Deferred tax expense, domestic, net 29,292 594 13,998 Deferred tax expense, net, total 27,407 440 14,624 Income tax expense (178,975 ) (166,173 ) (132,965 ) d.9) Equity interest in taxation attributable to equity-accounted investees The Company does not recognize any deferred tax liability in all cases of taxable temporary differences associated with investments in subsidiaries, branches and associated companies or interest in joint ventures, because as indicated in the standard, the following two conditions are jointly met: (a) the parent, investor or interest holder is able to control the time for reversal of the temporary difference; and (b) It is more likely than not that the temporary difference will not be reversed in the foreseeable future. In addition, the Company does not recognize deferred income tax assets for all deductible temporary differences from investments in subsidiaries, branches and associated companies or interests in joint ventures because it is unlikely that they will meet the following requirements: (a) Temporary differences are reversed in a foreseeable future; and (b) The Company has tax earnings, against which temporary differences can be used. d.10) Disclosures on the tax effects of other comprehensive income components: Income tax related to other income and expense components with a charge or credit to net equity Amount before taxes (expense) gain Gains (losses) for income taxes Amount after taxes 12/31/2018 12/31/2018 12/31/2018 ThUS$ ThUS$ ThUS$ Gain (loss) from defined benefit plans (1,327 ) 396 (931 ) Cash flow hedge 5,723 - 5,723 Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income (5,546 ) 1,498 (4,048 ) Total (1,150 ) 1,894 (744 ) Income tax related to other income and expense components with a charge or credit to net equity Amount before taxes (expense) gain Gains (losses) for income taxes Amount after taxes 12/31/2017 12/31/2017 12/31/2017 ThUS$ ThUS$ ThUS$ Gain (loss) from defined benefit plans (1,401 ) 282 (1,119 ) Cash flow hedge 2,184 - 2,184 Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income (26 ) (550 ) (576 ) Total 757 (268 ) 489 Income tax related to other income and expense components with a charge or credit to net equity Amount before taxes (expense) gain Gains (losses) for income taxes Amount after taxes 12/31/2016 12/31/2016 12/31/2016 ThUS$ ThUS$ ThUS$ Gain (loss) from defined benefit plans (3,397 ) 921 (2,476 ) Cash flow hedge 2,233 (470 ) 1,763 Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income 4,813 (1,300 ) 3,513 Total 3,649 (849 ) 2,800 d.11) Explanation of the relationship between expense (income) for tax purposes and accounting income. Based on IAS 12, paragraph 81, letter “c”, the company has estimated that the method that reveals the most significant information for users of the financial statements is the numeric between the tax expense (income) and the result of multiplying the accounting profit by the current rate in Chile. The aforementioned election is based on the fact that the main office and subsidiaries established in Chile generate a large part of the Company’s tax expense (income). Reconciliation of numbers in income tax expenses (income) and the result of multiplying financial gain by the rate prevailing in Chile, Income (expense) 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Consolidated income before taxes 621,038 594,590 414,889 Income tax rate in force in Chile 27 % 25.5 % 24 % Tax expense using the legal rate (167,680 ) (151,620 ) (99,573 ) Effect of royalty tax payments. (4,919 ) (3,372 ) (6,311 ) Tax effect of revenue from regular activities exempt from taxation 1,446 2,886 2,461 Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) (4,566 ) (4,764 ) (10,202 ) Tax effect of tax rates supported abroad (8,714 ) (8,061 ) (15,933 ) IRS provision surplus 3,517 - - Fines affected by Article 21 (718 ) (1,517 ) (151 ) Other tax effects from reconciliation between accounting gains and tax expenses 2,659 275 (3,256 ) Tax expense using the effective rate (178,975 ) (166,173 ) (132,965 ) d.12) Tax periods potentially subject to verification: The Group’s Companies are potentially subject to income tax audits by tax authorities in each country. These audits are limited to a number of interim tax periods, which, in general, when they elapse, give rise to the expiration of these inspections. Tax audits, due to their nature, are often complex and may require several years. Below, we provide a summary of tax periods that are potentially subject to verification, in accordance with the tax regulations in force in the country of origin: Chile According to article 200 of Decree Law No 830, the taxes will be reviewed for any deficiencies in terms of payment and to generate any taxes that might arise. There is a 3-year prescriptive period for such review, dating from the expiration of the legal deadline when payment should have been made. This prescriptive period can be extended to 6 years for the revision of taxes subject to declaration, when such declaration has not been filed or has been presented with maliciously false information. United States In the United States, the tax authority may review tax returns for up to 3 years from the expiration date of the tax return. In the event that an omission or error is detected in the tax return of sales or cost of sales, the review can be extended for a period of up to 6 years. As a result of the audit performed by the tax authority, SQM North America Corp., a subsidiary of the Company, paid in November 2018, for income tax and interest between 2013 and 2015, approximately US$3.8 million. On top of this, SQM North America Corp would have to pay an additional US$0.4 million in state taxes for the same period. These charges are already provisioned in the financial statements. Mexico: In Mexico, the tax authority can review tax returns up to 5 years from the expiration date of the tax return. Spain: In Spain, the tax authority can review tax returns up to 4 years from the expiration date of the tax return. Belgium: In Belgium, the tax authority may review tax returns for up to 3 years from the expiration date of the tax return if no tax losses exist. In the event of detecting an omission or error in the tax return, the review can be extended for a period of up to 5 years. South Africa: In South Africa, the tax authority may review tax returns for up to 3 |
Assets held for sale
Assets held for sale | 12 Months Ended |
Dec. 31, 2018 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
Disclosure of non-current assets held for sale and discontinued operations [text block] | Note 31 Assets held for sale The non-current assets held for sale and the components of the disposal groups classified as held for sale are presented in the Consolidated Statement of Financial Position under the item “Non-current assets or groups of assets classified as held for sale”. The following table shows the movements in assets held for sale: Assets held for sale 12/31/2018 12/31/2017 ThUS$ ThUS$ Terrenos Soquimich Comercial S.A. 1,430 1,480 Facilities and fixtures at Soquimich Comercial S.A. - 109 Total assets held for sale 1,430 1,589 a) Below, details of assets sold As of December 31, 2018, the following investments in associates and joint ventures were sold: During the month of December 2018, SQM S.A. sold the stake it held in Minera Exar S.A. generating a profit before tax of ThUS $ 14,507, which is presented in the Consolidated Statement of Income by function in Other income (loss) (See Note 27.6) On November 14, 2018, Soquimich European Holdings B.V. sold its participation in Charlee SQM Thailand Co. Ltd, generaating a los of ThUS$ 759. See Note 27.6) Financial Performace and Cash Flow information Minera Exar S.A. Charlee SQM Thailand Co. Ltd. Total 12/31/2018 ThUS$ ThUS$ ThUS$ Share in the profits (losses) of associates and joint ventures accounted for using the equity method (206 ) 316 110 Income before tax (206 ) 316 110 Cash detail from Sale of Investments Net cash generated from operating activities 13,232 - 13,232 Net cash generated from investment activities 68,000 988 68,988 Net increase in cash generated by sales of investments 81,232 988 82,220 Determination of profit from sale of investments Details of the sale of investments in associates and joint ventures Minera Exar S.A. Charlee SQM Thailand Co. Ltd. Total 12/31/2018 Considerations received or to be received ThUS$ ThUS$ ThUS$ Cash 87,500 988 88,488 Commercial debts and other accounts payable - 1,022 1,022 Total consideration for the provision Book value of net assets sold (67,635 ) (2,343 ) (69,978 ) Gain on the sale before the income tax and reclassification of the foreign currency conversion 19,865 (333 ) 19,532 Reclassification of the foreign currency conversion reserve (5,358 ) (426 ) (5,784 ) Income tax expense on income derived from gains (6,268 ) - (6,268 ) Profit after tax 8,239 (759 ) 7,480 The book value of the assets and liabilities on the date of sale were: Items Minera Exar S.A. Charlee SQM Thailand Co. Ltd. Total 12/31/2018 ThUS$ ThUS$ ThUS$ Accounts receivable from current related entities (19,500 ) - (19,500 ) Investments accounted for using the equity method (35,628 ) (2,343 ) (37,971 ) Capital Gains (6,205 ) - (6,205 ) Property, Plant and Equipment (6,302 ) - (6,302 ) Total Assets (67,635 ) (2,343 ) (69,978 ) Total liabilities - - - Net assets (67,635 ) (2,343 ) (69,978 ) |
Events occurred after the repor
Events occurred after the reporting date | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Events After Reporting Period Explanatory [Abstract] | |
Disclosure Of Events After Reporting Period Explanatory [Text Block] | Note 32 Events occurred after the reporting date 32.1 Authorization of the financial statements The consolidated financial statements of Sociedad Química y Minera de Chile S.A. and subsidiaries, prepared in accordance with International Financial Reporting Standards for the period ended December 31, 2018, were approved and authorized for issuance by the Company´s Board of Directors on February 27, 2019. 32.2 Disclosures on events occurring after the reporting date On January 7, 2019, the Superintendency of the Environment (SMA) accepted the compliance program presented by SQM Salar, thus suspending the process initiated against SQM Salar. On January 30, 2019, the Atacameño Indigenous Community of Peine filed against this ruling with the First Environmental Court. More details in note 22.3. On April 15, 2019 Sociedad Química y Minera de Chile S.A. (SQM) (NYSE SQM, Santiago Stock Exchange SQM-B, SOM-A) informs that today the Extraordinary Board of Directors of SQM approved to amend the SQM Board Protocol for the presentation and use of sensitive information: SQM BOARD PROTOCOL FOR THE PRESENTATION AND USE OF SENSITIVE INFORMATION 1) Background a) On July 26, 2017, the Board of Directors of Sociedad Química y Minera de Chile S.A. (respectively the "Board of Directors" and "the Company") approved a list of the main competitors, suppliers and customers of the Company, where Tianqi Lithium Corporation was included as a competitor of the Company. b) In May 2018, Tianqi and Nutrien Ltd. announced that Tianqi agreed to acquire from Nutrien Ltd. the amount of 62,556,568 Series A shares of the Company, which corresponds to approximately 23.77% of the total shares issued by the Company. c) On August 27, 2018, Tianqi and the Chilean National Economic Prosecutor Office (the "FNE") signed an out-of-court settlement (the "Agreement"), pursuant to which the FNE sought to implement behavioral measures in order to (i) maintain the competitive conditions of the lithium market, (ii) mitigate the risks described in the Agreement and (iii) limit the possibility of accessing certain information related to the Company and its subsidiaries, which is defined as sensitive under the (1) by Tianqi (the "Purpose"). d) The Antitrust Court approved the Agreement by resolution of October 4, 2018, which was finalized on October 30, 2018. In Agreement approval process, the Company expressed its concerns to the TDLC regarding the measures described in the Agreement as (i) not effectively resolving the risks that Tianqi and the FNE wanted to mitigate, (ii) not being correctly oriented to avoid the access to Sensitive that, could damage the Company and the correct functioning of the market when in the possession of a competitor, and (iii) contradicting Law 18,046 on Corporations (the "Corporations Act") and other regulatory bodies applicable to the Company. e) On December 5, 2018, the Company learned that Inversiones TLC SpA, a subsidiary of Tianqi Lithium Corporation, acquired 62,556,568 Series A shares of the Company, representing approximately 23.77% of the total shares issued by the Company (the "Acquisition"). Before the Acquisition, and after the approval of the Agreement by the TDLC , the Board of Directors had deemed it necessary to adopt measures aimed at achieving the Purpose, avoiding greater points of contact between the Sensitive and Tianqi , in a complementary manner, and not contradictory with the Agreement. f) In consideration of the foregoing, on January 23, 2019, the Board of Directors unanimously resolved to adopt, the following protocol on the presentation and use of information in the Board of Directors, in the committees of the Board of Directors and in the Boards of Directors of Company’s subsidiaries (the "Protocol"). This information was published the with Commission for Financial Markets (Comisión para el Mercado Financiero, “CMF”) the same day it was approved. g) On March 14th, 2019, the CMF ordered the company to adopt certain measurements to adjust the Protocol to the provisions of the Corporations Act. In particular, and within other matters, the CMF expressed that (i) the restrictions by objective that the Sensitive Information can only be known by the members of the lithium committee do not meet to the established in the subsection 2° of the article 39 of the Corporations Act (ii) that the delegation made by the Board to the lithium committee, in no case, can limit the correct performance of the Board directors’ duties or limit the right to access the information on everything related to the performance of the Company and (iii) that the prior agreement of the Board set forth in the Protocol gives powers to a committee with access to information that would not be available to all Board members, which could result in generating lack of knowledge related to the Company´s performance in its administration body and make it impossible to comply with its duties in accordance with the established in the article 41 of the Corporations Act. Likewise, the CMF indicated that the measures must be communicated to it as soon as they are agreed upon by the Board of Directors and prior to the date on which the next ordinary meeting of shareholders takes place. h) Considering that it is publicly known that the next Annual General Shareholders’ Meeting will be on April 25, 2019, and that at this meeting Tianqi will designate three Board members, the Board met to review the CMF comments, and implement the necessary measures within the required time frame, and approve a new version of the Protocol as indicated below. i) The above considers that the current Board has the expectation to review the Protocol again once the new Board has been elected at the next Annual General Shareholders’ Meeting when three directors are designated by Tianqi, when the new Board directors will have the opportunity to propose modifications to the Protocol, which are believed to be necessary or adequate for the protection of sensitive information. II. Protocol 1. Managing of information in the Board of Directors 1.1 The Board of Directors has defined that the directors and senior executives of the Company have the duty and responsibility to cooperate with the fulfillment of the Purpose, subject to compliance with the Corporations Act and other applicable regulations. 1.2 According to the Corporations Act, all of the Company’s Directors, including those nominated or elected by a Competitor Shareholder, have the right to receive all Company information without restrictions. Every Director request to the Company for Sensitive Information, that is not made within a Board meeting, must be made in writing to the CEO of the Company. 1.3 For the purposes of section 1.2 above, a "Competitor Shareholder" is understood to be one who has been identified as a competitor of the Company in the lithium business, by any of the following persons or entities: (i) the shareholder himself, (ii) the Board of Directors, (iii) the FNE, the TDLC or any other antitrust authority that exercises jurisdiction over the Company or said shareholder, or (iv) the Agreement or any other instrument that modifies or replaces it. 2 . Board of Directors of Subsidiaries 2.1 The Board of Directors does not contemplate making changes in the manner in which the boards of the Company's subsidiaries are carried out and structured. 2.2 The directors of the Company can attend the meetings of the boards of the Company's subsidiaries with the right to comment and will have the access to the books and records of said subsidiaries. 2.3 The Board of Directors agrees to authorize the full exchange of information between its subsidiaries SQM Salar S.A. and SQM Potasio S.A., in order to allow the executives of the Company and the board directors of both subsidiaries to have consolidated and detailed information of their businesses, for their best management and in the best interest of the Company, in accordance with the guidelines established by the Board from time to time. 3 . Right to Information 3.1 The directors of the Company have the right to be fully informed by the CEO, of everything related to the Company performance at any time in a documented manner. 3.2 The CEO cannot deny Sensitive Information to a director, nor information that has been treated or known in the Committee or in subsidiaries of the Company, unless this is required by the FNE, TDLC, CMF, or any other governmental or judicial authrotiy with the legal power to request such information. 4 . Incident Reports 4.1 Given the risks identified by the FNE with respect to the Acquisition, any director, senior executive or employee of the Company is obliged to inform the CEO and the Compliance Officer of the Company about any breach of this Protocol or the Agreement as soon as reasonably possible. 5 . Deferred Term and Modifications 5.1 The term of the present Protocol shall be indefinite starting from the time when the next Annual General Shareholders’ Meeting of the Company is concluded. 5.2 This Protocol can be modified or dissolved at any time by the Board of Directors, according to its discretion. If this happens, it will be communicated as outlined in section 6. 6 . Communication The Board of Directors agreed that this Protocol is (i) informed as an essential fact to the Commission for the Financial Markets, (ii) informed to the Head of the FNE Antitrust Division, (iii) informed and distributed to each of the Vice Presidencies and management of the Company and its subsidiaries, and (iv) published immediately on the Company's website www.sqm.com. (1) Under the Agreement, "Sensitive Information" is defined as SQM's Commercially Sensitive Information in SQM’s Lithium Business, specifically related to its strategic information regarding production quantities, inventory policies, investments, technologies, know how, sales contracts, pricing policies, patents, new exploitation, refining or expansion projects, new businesses, costs and other competitive strategic variables, whether communicated by any means or contained in internal summaries, minutes, presentations, agreements or other documents. In turn, SQM's Lithium Business is defined in the Agreement as present or future business related to the lithium industry, such as the current or future production, processing, marketing and/or distribution of brine, lithium carbonate, hydroxide of lithium and any other lithium compound produced by SQM and / or the companies controlled by said company or on which it exercises a Decisive Influence. Finally, a Decisive Influence is defined in the Agreement as the ability of a person or entity to determine or influence the administration and competitive decisions of another under the terms of letter b) of article 47 of Decree Law No. 211 and in accordance with terms indicated by the FNE in the Competition Guide. On January 7, 2019, the resignation of the Company’s Chief Executive Officer, Mr. Patricio de Solminihac Tampier, became effective. Likewise, as of January 8, 2019, Mr. Ricardo Ramos Rodríguez has assumed the position of Chief Executive Officer for the Company. Management is not aware of any other significant events occurring between December 31, 2018 and the date of issuance of these consolidated financial statements, which affect them. 32.3 Details of dividends declared after the reporting date Payment of Provisional Dividend As of the closing date of the financial statements, there are no dividends declared after the reporting date. Management is not aware of any other significant events that occurred between December 31, 2018, and the date of issuance of these consolidated financial statements that may significantly affect them. |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Changes In Accounting Policies Accounting Estimates And Errors Explanatory [Abstract] | |
Description of accounting policy for classification of balances as current and non-current [Text Block] | 3.1 Classification of balances as current and non-current In the attached consolidated statement of financial position, balances are classified in consideration of their recovery (maturity) dates; i.e. those maturing within a period equal to or less than 12 months are classified as current counted from the closing date of the consolidated financial statements and those with maturity dates exceeding the aforementioned period are classified as non-current. The exception to the foregoing relates to deferred taxes, which are classified as non-current, regardless of the maturity they have. |
Description of accounting policy for functional currency [text block] | 3.2 Functional and presentation currency The Company’s consolidated financial statements are presented in United States dollars (“U.S. dollars”), which is the Company’s functional and presentation currency and is the currency of the main economic environment in which it operates. Consequently, the term foreign currency is defined as any currency other than the U.S. dollar. The consolidated financial statements are presented in thousands of United States dollars without decimals. |
Description of accounting policy for foreign currency translation [text block] | 3.3 Foreign currency translation (a) Group entities: The revenue, expenses, assets and liabilities of all entities that have a functional currency other than the presentation currency are converted to the presentation currency as follows: - Assets and liabilities are converted at the closing exchange rate prevailing on the reporting date. - Revenues and expenses of each profit or loss account are converted at monthly average exchange rates. - All resulting foreign currency translation gains and losses are recognized as a separate component in translation reserves. In consolidation, foreign currency differences arising from the translation of a net investment in foreign entities are recorded in equity (other reserves). At the date of disposal, such foreign currency translation differences are recognized in the statement of income as part of the gain or loss from the sale. The main exchange rates and the adjustment unit used to translate monetary assets and liabilities, expressed in foreign currency at the end of each period in respect to U.S. dollars, are as follows: 12/31/2018 12/31/2017 US$ US$ Brazilian real 3.87 3.02 New Peruvian sol 3.37 3.08 Argentine peso 37.74 18.40 Japanese yen 110.38 113.00 Euro 0.87 0.83 Mexican peso 19.68 19.65 Australian dollar 1.42 1.28 Pound Sterling 0.79 0.74 South African rand 14.35 12.35 Ecuadorian dollar 1.00 1.00 Chilean peso 694.77 614.75 Chinese yuan 6.88 6.51 Indian rupee 69.93 63.84 Thai baht 32.53 32.85 Turkish lira 5.27 3.79 UF (*) 39.68 43.59 (*) The Unidad de Fomento (UF) is an indexed monetary unit used in Chile, calculated based on the variation in the Consumer Price Index (CPI). It is represented as dollars to UF. (b) Transactions and balances Non-monetary transactions in currencies other than the functional currency (Dollar) are translated to the respective functional currencies of Group entities at the exchange rate on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. All differences are recorded in the statement of income except for all monetary items that provide an effective hedge for a net investment in a foreign operation. These items are recognized in other comprehensive income on the divestment, when they are recognized in the statement of income. Charges and credits attributable to foreign currency translation differences on those hedge monetary items are also recognized in other comprehensive income. Non-monetary assets and liabilities that are measured at historical cost in a foreign currency are retranslated to the functional currency at the historical exchange rate of the transaction. Non-monetary items that are measured based on fair value in a foreign currency are translated using the exchange rate at the date on which the fair value is determined. |
Description of accounting policy for subsidiaries [text block] | 3.4 Subsidiaries SQM S.A. uses the level of control it has in subsidiaries as a basis to determine their share in the consolidated financial statements. This control consists of the Company’s ability to exercise power in the subsidiary, exposure, or right, to variable performance from its share in the investee and the ability to use its power on the investee to have an influence on the amount of the investor’s performance. The Company prepares the consolidated financial statements using consistent accounting policies for the entire Group. The consolidation of a subsidiary commences when the Company has control over the subsidiary and stops when control ceases. |
Description of accounting policy for cash flows [text block] | 3.5 Consolidated statement of cash flows Cash equivalents correspond to highly-liquid short-term investments that are easily convertible into known amounts of cash. They are subject to insignificant risk of changes in their value and mature in less than three months from the date of acquisition of the instrument. For the purposes of the statement of cash flows, cash and cash equivalents comprise cash and cash equivalents as defined above. The statement of cash flows includes movements in cash performed during the year, determined using the direct method. |
Description of accounting policy for financial assets [text block] | 3.6 Financial assets As of January 1, 2018, the Company's Management (the "Administration") determines the classification of its financial assets, in accordance with the provisions of IFRS 9, at fair value (either through other comprehensive income, or through profits or losses), and at amortized cost. The classification depends on the business model of the entity to manage the financial assets and the contractual terms of the cash flows. In the initial recognition, the Company measures its financial assets at fair value more or less, in the case of a financial asset that is not accounted for at fair value through profit or loss, the transaction costs that are directly attributable to the acquisition of the financial asset. In the case of commercial debtors and other accounts receivable, the initial recognition will measure their transaction price in accordance with the provisions of IFRS 15. After initial recognition, the Company measures its financial assets according to the following: i) Financial instruments to Fair Value Through Profit and Loss (FVTPL). A financial asset should be measured at fair value through profit or loss unless it is measured at amortized cost or at Fair Value with changes in Other Comprehensive Income ii) Financial instruments measured at amortized cost. Financial assets that meet the following conditions are included in this category (a) the business model that supports it aims to maintain the financial assets to obtain the contractual cash flows and (b) the Contractual conditions of the financial asset give place, on specified dates, to cash flows that are only payments of the principal and interest on the outstanding principal amount. iii) Financial assets at fair value through other comprehensive income. Equity securities which are not held for trading, and which the group has irrevocably elected at initial recognition to recognise in this category. Until December 31, 2017, the Company determined the classification of its financial assets at the time of initial recognition, based on the basis of the business model for the management of financial assets and the characteristics of the contractual cash flows of the financial assets. financial assets. In accordance with IAS 39, financial assets were initially measured at fair value plus the transaction costs incurred that were directly attributable to the acquisition of the financial asset. Subsequently, financial assets were measured at amortized cost or at fair value. The Company evaluated at the date of each report, whether there was objective evidence that any asset or group of financial assets presented any impairment. An asset or group of financial assets presented a deterioration, if and only if, there was objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset or group of these. In order for impairment to be recognized, the loss event must have an impact on the estimation of future flows of the asset or groups of financial assets. |
Description of accounting policy for financial liabilities [text block] | 3.7 Financial liabilities As of January 1, 2018, the Company determines the classification of its financial liabilities, in accordance with the provisions of IFRS 9, at fair value or at amortized cost. The classification depends on the business model of the entity to manage the financial assets and the contractual terms of the cash flows. In the initial recognition, the Company measures its financial liabilities by their fair value more or less, in the case of a financial liability that is not accounted for at fair value through profit or loss, the transaction costs that are directly attributable to the acquisition of the financial liability. After initial recognition, the Company measures its financial liabilities at amortized cost unless the Company, at the initial moment, irrevocably designates the financial liability as measured at fair value through profit or loss. Financial liabilities measured at amortized cost are commercial accounts payable and other accounts payable and other financial liabilities. Until December 31, 2017, the Company determined the classification of its financial liabilities at the time of initial recognition in accordance with the provisions of IAS 39. Financial liabilities at the time of initial recognition were measured at fair value, minus costs of the transaction in which they were incurred and which are directly attributable to the issuance of the financial liability. Subsequently, they were measured at amortized cost using the effective interest method. In the case of financial liabilities that were initially recognized at fair value through profit or loss, they were measured after fair value. |
Description of accounting policy for reclassification of financial instruments [text block] | 3.8 Reclassification of financial instruments At such time when the Company changes its business model for managing financial assets, it will reclassify those financial assets affected by the new business model. Financial liabilities could not be reclassified. |
Description of accounting policy for derecognition of financial instruments [text block] | 3.9 Derecognition of financial instruments In accordance with IFRS 9, the Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred; and the control of the financial assets has not been retained. The Company derecognizes a financial liability when its contractual obligations or a part of these are discharged, paid to the creditor or legally extinguished. |
Description of accounting policy for derivative financial instruments and hedging [text block] | 3.10 Derivative and hedging financial instruments Derivatives are recognized initially at fair value as of the date on which the derivatives contract is signed and, they are subsequently assessed at fair value. The method for recognizing the resulting gain or loss depends on whether the derivative has been designated as an accounting hedge instrument and, if so, it depends on the type of hedging, which may be as follows: a) Fair value hedge of assets and liabilities recognized (fair value hedges); b) Hedging of a single risk associated with an asset or liability recognized or a highly probable forecast transaction (cash flow hedge). At the beginning of the transaction, the Company documents the relationship that exists between hedging instruments and those items hedged, as well as their objectives for risk management purposes and the strategy to conduct different hedging operations. The Company also documents its evaluation both at the beginning and at the end of each period if the derivatives used in hedging transactions are highly effective to offset changes in the fair value or in cash flows of hedged items. The fair value of derivative instruments used for hedging purposes is shown in Note 14.3 (hedging assets and liabilities). Changes in the cash flow hedge reserve are classified as a non-current asset or liability if the remaining expiration period of the hedged item is more than 12 months, and as a current asset or liability if the remaining expiration period of the entry is less than 12 months. Derivatives that are not designated or do not qualify as hedging derivatives are classified as current assets or liabilities, and changes in the fair value are directly recognized through profit or loss. a) Fair value hedge Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in profit or loss, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. The gain or loss relating to the effective portion of interest rate swaps that hedge fixed rate borrowings is recognized in profit or loss within finance costs, together with changes in the fair value of the hedged fixed rate borrowings attributable to interest rate risk. The gain or loss relating to the ineffective portion is recognized in profit or loss within other income or other expenses. If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged item for which the effective interest method is used is amortized to profit or loss over the period to maturity using a recalculated effective interest rate. b) Cash flow hedges Amounts taken to equity are transferred to profit or loss when the hedged transaction affects profit or loss, as when the hedged interest income or expense is recognized when a projected sale occurs. When the hedged entry is the cost of a non-financial asset or liability, amounts taken to other reserves are transferred to the initial carrying value of the non-financial asset or liability. If the expected firm transaction or commitment is no longer expected to occur, the amounts previously recognized in equity are transferred to profit or loss. If a hedge instrument expires, is sold, finished, or exercised without any replacement, or if a rollover is performed or if its designation as hedging is revoked, the amounts previously recognized in other reserves are maintained in equity until the expected firm transaction or commitment occurs. |
Description of accounting policy for derivative financial instruments [text block] | 3.11 Derivative financial instruments The Company maintains derivative financial instruments to hedge its exposure to foreign currencies. Derivative financial instruments are recognized initially at fair value; attributable transact ion costs are recognized when incurred. Subsequent to initial recognition, any changes in the fair value of such derivatives are recognized in profit or loss as part of gains and losses. The Company permanently assesses the existence of embedded derivatives, both in its contracts and financial instruments, As of December 31, 2018, and December 31, 2017, there were no embedded derivatives. |
Description of accounting policy for fair value measurement [text block] | 3.12 Fair value initial measurements From the initial recognition, the Company measures its assets and liabilities at fair value plus or minus transaction costs incurred that are directly attributable to the acquisition of a financial asset or issuance of a financial liability |
Description of accounting policy for deferred acquisition costs arising from insurance contracts [text block] | 3.13 Deferred acquisition costs from insurance contracts Acquisition costs from insurance contracts are classified as prepayments and correspond to insurance contracts in force, recognized using the straight-line method and on an accrual basis, and are recognized under other non-financial assets . 3.14 Classification Leases (a) Lease - Finance lease Leases are classified as finance leases when the Company substantially owns all the risks and rewards inherent in the ownership of the asset. Finance leases are capitalized at the commencement of the lease term at the lower of the fair value of the leased asset and the present value of the minimum lease payments. Each finance lease payment is apportioned between the liability and the finance charges so as to obtain the constant rate of interest on the remaining balance of the liability. The respective lease obligations, net of finance charges, are included in other non-current liabilities. The interest part of the finance cost is charged to the consolidated financial statements for the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability for each year. (b) Lease - Operating lease Leases where the lessor retains a significant part of the risks and benefits derived from the property are classified as operating leases. Operating lease payments (net of any incentive received by the lessor) should be recognized as an expense in the income statement or capitalized (as appropriate) over the lease term on a straight-line basis. |
Description of accounting policy for inventory measurement [text block] [Text Block] | 3.15 Inventory measurement The method used to determine the cost of inventories is the weighted average monthly cost of warehouse storage. In determining production costs for own products, the company includes the costs of labor, raw materials, materials and supplies used in production, depreciation and maintenance of the goods that participate in the production process, the costs of product movement necessary to maintain stock on location and in the condition in which they are found, and also includes the indirect costs of each task such as laboratories, process and planning areas, and personnel expenses related to production, among others. For finished and in-process products, the company has four types of provisions, which are reviewed quarterly: 1. Provision associated with the lower value of stock, which is directly identified with the product that generates it and involves three types: provision of lower realizable value, which corresponds to the difference between the inventory cost of intermediary or finished products, and the sale price minus the necessary costs to bring them to the same conditions and location as the product with which they are compared; provision for future uncertain use that corresponds to the value of those products in process that are likely not going to be used in sales based on the company’s long-term plans; reprocessing costs of products that are unfeasible for sale due to current specifications. 2. Provision associated with physical differences in inventory: a provision is made for differences that exceed the tolerance considered in the respective inventory process (production units in Chile and the port of Tocopilla carry out at least two inventories a year, the business subsidiaries depend on the last zero ground obtained, but in general it is at least once a year), these differences are recognized immediately. 3. Potential errors in the determination of stock: The company has an algorithm that is reviewed at least once a year and corresponds to diverse percentages assigned to each inventory based on the product, location, complexity involved in the associated measurement, rotation and control mechanisms. 4. Provisions undertaken by business subsidiaries: these are historical percentages that are adjusted as zero ground is attained based on normal inventory management. Inventories of raw materials, materials and supplies for production are recorded at acquisition cost. Cyclical inventories are performed in warehouses, as well as general inventories every three years. Differences are recognized the moment they are detected. The company has a provision that makes quarterly calculations from percentages associated with each type of material (classification by warehouse and rotation). These percentages use the lower value resulting from deterioration or obsolescence as well as potential losses. This provision is reviewed at least annually, and considers the historical profit and loss obtained in the inventory processes. |
Description of accounting policy for investment in associates and joint ventures [text block] | 3.16 Investments in associates and joint ventures Under IFRS 11 Joint Arrangements investments in joint arrangements are classified as either joint operations or joint ventures. The classification depends on the contractual rights and obligations of each investor, rather than the legal structure of the joint arrangement. Joint Ventures and Associates Interests in companies over which joint control is exercised (joint venture) or where an entity has a significant influence (associates) are recognized using the equity method of accounting. Significant influence is presumed to exist when interest greater than 20% is held in the capital of an investee. Under this method, the investment is recognized in the statement of financial position at cost plus changes, subsequent to the acquisition, and considering the proportional share in the equity of the associate. For such purposes, the interest percentage in the ownership of the associate is used. The associated goodwill acquired is included in the carrying amount of the investee and is not amortized. The debit or credit to profit or loss reflects the proportional share in the profit or loss of the associate. Unrealized gains for transactions with affiliates or associates are eliminated according to the Company’s interest percentage in such entities. Unrealized losses are also eliminated, except if the transaction provides evidence of impairment loss of the transferred asset. Changes in the equity of associates are recognized on a proportional basis with a charge or credit to “Other reserves” and classified according to their origin. Reporting dates of the associate, the Company and related policies are similar for equivalent transactions and events under similar circumstances. In the event that the significant influence is lost or the investment is sold or is held as available for sale, the equity method is discontinued, suspending the recognition of the proportional share of profit or loss. If the resulting amount according to the equity method is negative, the share of profit or loss is reflected as zero in the consolidated financial statements, unless a commitment exists by the Company to reinstate the Company’s equity position, in which case the related provision for risks and expenses is recorded. Dividends received by these companies are recorded by reducing the equity value, and the proportional share of profit or loss recognized according to the equity share are included in the consolidated profit or loss accounts in the caption “Equity share of profit (loss) of associates and joint ventures that are accounted for using the equity method of accounting”. Joint Operation Regarding joint operations, the Company recognizes its direct right to the assets, liabilities, revenues and expenses of joint operations and its share of any jointly held or incurred assets, liabilities, revenues and expenses. |
Description of accounting policy for transactions with non-controlling interests [text block] | 3.17 Transactions with non-controlling interests Non-controlling interests are recorded in the consolidated statement of financial position within equity, but separate from equity attributable to the owners of the Parent. |
Description of accounting policy for transactions with related parties [text block] | 3.18 Related party transactions Transactions between the Company and its subsidiaries are part of the Company’s normal operations within its scope of business activities. Conditions for such transactions are those normally effective for those types of operations with regard to terms and market prices. These transactions have been eliminated in consolidation. The expiration conditions vary according to the originating transaction. |
Description of accounting policy for property, plant and equipment [text block] | 3.19 Property, plant and equipment The assets tangible property, plant and equipment assets are stated at acquisition cost, net of the related accumulated depreciation, amortization and impairment losses that they might have experienced. In addition to the price paid for the acquisition of tangible property, plant and equipment, the Company has considered the following concepts as part of the acquisition cost, as applicable: 1. Accrued interest expenses during the construction period that are directly attributable to the acquisition, construction or production of qualifying assets, which are those that require a substantial period prior to being ready for use. The interest rate used is that related to the project’s specific financing or, should this not exist, the average financing rate of the investor company. 2. The future costs that the Company will have to experience, related to the closure of its facilities at the end of their useful life, are included at the present value of disbursements expected to be required to settle the obligation. Having initially recognized provisions for closure and refurbishment, the corresponding cost is capitalized as an asset in Property, plant and equipment and amortized in line with the amortization criteria for the associated assets. Construction-in-progress is transferred to property, plant and equipment in operation once the assets are available for use and the related depreciation and amortization begins on that date. Extension, modernization or improvement costs that represent an increase in productivity, ability or efficiency or an extension of the useful lives of property, plant and equipment are capitalized as a higher cost of the related assets. All the remaining maintenance, preservation and repair expenses are charged to expense as they are incurred. The replacement of full assets, which increase the asset’s useful life or its economic capacity, are recorded as a higher value of property, plant and equipment with the related derecognition of replaced or renewed elements. Gains or losses which are generated from the sale or disposal of property, plant and equipment are recognized as income (or loss) in the period, and calculated as the difference between the asset’s sales value and its net carrying value. Costs derived from the daily maintenance of property, plant and equipment are recognized when incurred. |
Description of accounting policy for depreciation of property, plant and equipment [Text Block] | 3.20 Depreciation of property, plant and equipment Property, plant and equipment are depreciated through the straight-line distribution of cost over the estimated technical useful life of the asset, which is the period in which the Company expects to use the asset. When components of one item of property, plant and equipment have different useful lives, they are recorded as separate assets. Useful lives are reviewed on an annual basis. Fixed assets associated with the Salar de Atacama consider useful life to be the lesser value between the technical useful life and the years remaining until 2030. In the case of mobile equipment, depreciation is performed depending on the hours of operation The useful lives used for the depreciation and amortization of assets included in property, plant and equipment in years are presented below . Classes of property, plant and equipment Minimum life or rate (years) Maximum life or rate (years) life or average rate in years Mining assets 3 8 7 Energy generating assets 3 16 7 Buildings 2 40 11 Supplies and accessories 2 16 6 Office equipment 2 20 6 Transport equipment 2 20 9 Network and communication equipment 3 15 5 IT equipment 2 16 4 Machinery, plant and equipment 1 28 9 Other property, plant and equipment 1 26 6 |
Description of accounting policy for goodwill [text block] | 3.21 Goodwill Goodwill acquired represents the excess in acquisition cost on the fair value of the Company's ownership of the net identifiable assets of the subsidiary on the acquisition date. Goodwill acquired related to the acquisition of subsidiaries is included in goodwill, which is subject to impairment tests annually or more frequently if events or changes in circumstances indicate that it might be impaired, and is stated at cost less accumulated impairment losses. Gains and losses related to the sale of an entity include the carrying value of goodwill related to the entity sold. This intangible asset is assigned to cash-generating units with the purpose of testing impairment losses. It is allocated based on cash-generating units expected to obtain benefits from the business combination from which the aforementioned goodwill acquired arose. |
Description of accounting policy for intangible assets other than goodwill [text block] | 3.22 Intangible assets other than goodwill Intangible assets other than goodwill mainly relate to water rights, emission rights, commercial brands, costs for rights of way for electricity lines, license costs and the development of computer software and mining property and concession rights, client portfolio and commercial agent. (a) Water rights Water rights acquired by the Company relate to water from natural sources and are recorded at acquisition cost. Given that these assets represent legal rights granted in perpetuity to the Company, they are not amortized, but are subject to annual impairment tests. (b) Rights of way for electric lines As required for the operation of industrial plants, the Company has paid rights of way in order to install wires for the different electric lines on third party land. These rights are presented under intangible assets. Amounts paid are capitalized at the date of the agreement and charged to the statement of income, according to the life of the right of way. (c) Computer software Licenses for IT programs acquired are capitalized based on their acquisition and customization costs. These costs are amortized over their estimated useful lives. Expenses related to the development or maintenance of IT programs are recognized as an expense as and when incurred. Costs directly related to the production of unique and identifiable IT programs controlled by the Group, and which will probably generate economic benefits that are higher than its costs during more than a year, are recognized as intangible assets. Direct costs include the expenses of employees who develop information technology software and general expenses in accordance with corporate charges received. The costs of development for IT programs recognized as assets are amortized over their estimated useful lives. (d) Mining property and concession rights The Company holds mining property and concession rights from the Chilean and Australian Governments. Property rights are usually obtained at no initial cost (other than the payment of mining patents and minor recording expenses) and once the rights on these concessions have been obtained, they are retained by the Company while annual patents are paid. Such patents, which are paid annually, are recorded as prepaid assets and amortized over the following twelve months. Amounts attributable to mining concessions acquired from third parties that are not from the Chilean Government are recorded at acquisition cost within intangible assets. (e) Client portfolio The period for exploiting these portfolios is unlimited so they are considered assets with an indefinite useful life and are therefore not subject to amortization. However, they are subjected to an annual impairment test and the corresponding amounts are recorded in the profit or loss. (f) Commercial agent The rights obtained through the acquisition of the commercial agent of Sociedad Agrocom Ltda. corresponded to the fair value of that company’s line of business. The period for exploiting these rights is unlimited so they are considered assets with an indefinite useful life and are therefore not subject to amortization. However, the indefinite useful life is subject to review for every reporting period, to see whether indefinite useful life continues to apply. |
Description of accounting policy for research and development expense [text block] | 3.23 Research and development expenses Research and development expenses are charged to profit or loss in the period in which the expenditure was incurred. |
Description of accounting policy for prospecting expenses [Text Block] | 3.24 Prospecting expenses The Company holds mining concessions for exploration and exploitation of ore. The Company gives the following treatment to expenses associated with exploration and assessment of these resources: Caliche Once the rights have been obtained, the Company records the disbursements directly associated with the exploration and assessment of the deposit as an at cost asset. These disbursements include the following items: - Disbursements for geological surveys, drilling, borehole extraction and sampling, activities related to the technical assessment and commercial viability of the extraction, and in general, any disbursement directly related to specific projects where the objective is to find ore resources. If the technical studies determine that the ore grade is not economically viable, the asset is directly charged to profit and loss. If determined otherwise, the asset described above is associated with the extractable ore tonnage which is amortized as it is used. These assets are presented in the other non-current assets category, reclassifying the portion related to the area to by extracted that year as stock. Expenses related to metal exploration are charged to profit or loss in the period in which they are registered. Salar de Atacama exploration expenses are presented in non-current assets in the property, plant and equipment category and correspond mainly to wells that can also be used in the extraction of the deposit and/or monitoring. These are amortized over 10 years. Mt Holland exploration expenses primarily consider exploration boreholes and complementary studies for the lithium ore study of the area. These expenses will begin to be amortized in the development stage. |
Description of accounting policy for impairment of non-financial assets [text block] | 3.25 Impairment of non-financial assets Assets subject to depreciation and amortization are also subject to impairment testing, provided that an event or change in the circumstances indicates that the amounts in the accounting records may not be recoverable. An impairment loss is recognized for the excess of the book value of the asset over its recoverable amount. The recoverable amount of an asset is the higher between the fair value of an asset or cash generating unit (“CGU”) less costs of sales and its value in use, and is determined for an individual asset unless the asset does not generate any cash inflows that are clearly independent from other assets or groups of assets. When the carrying value of an asset exceeds its recoverable amount, the asset is considered an impaired asset and is reduced to its net recoverable amount. In evaluating value in use, estimated future cash flows are discounted using a pre-tax discount rate that reflects current market assessment, the value of money over time and the specific asset risks. To determine the fair value less costs to sell, an appropriate valuation model is used. Impairment losses from continuing operations are recognized with a debit to profit or loss in the categories of expenses associated with the impaired asset function, except for properties reevaluated previously where the revaluation was taken to equity. For assets other than acquired goodwill, an annual evaluation is carried out to determine whether any previously recognized impairment losses have already decreased or ceased to exist. If this should be the case, the recoverable amount is estimated. A previously recognized impairment loss is only reversed if there have been changes in the estimates used to determine the asset’s recoverable amount since the last time an impairment loss was recognized. If this is the case, the carrying value of the asset is increased to its recoverable amount. This increased amount cannot exceed the carrying value that would have been determined, net of depreciation, if an asset impairment loss had not been recognized in prior years. This reversal is recognized with a credit to profit or loss. |
Description of accounting policy for dividends [text block] | 3.26 Minimum dividend As required by Chilean law and regulations, our dividend policy is decided upon from time to time by our Board of Directors and is announced at the Annual Ordinary Shareholders’ Meeting, which is generally held in April of each year. Shareholder approval of the dividend policy is not required. However, each year the Board must submit the declaration of the final dividend or dividends in respect of the preceding year, consistent with the then-established dividend policy, to the Annual Ordinary Shareholders’ Meeting for approval. As required by the Chilean Companies Act, unless otherwise decided by unanimous vote of the holders of issued shares, we must distribute a cash dividend in an amount equal to at least 30% of our consolidated net income for that year (determined in accordance with CMF regulations), unless and to the extent the Company has a deficit in retained earnings. |
Description of accounting policy for earnings per share [text block] | 3.27 Earnings per share The basic earnings per share amounts are calculated by dividing the profit for the year attributable to the ordinary owners of the parent by the weighted average number of ordinary shares outstanding during the year. The Company has not conducted any type of operation of potential dilutive effect that would entail the disclosure of diluted earnings per share. |
Description of accounting policy for trade and other payables [text block] | 3.28 Trade and other payables Trade and other payables are measured at fair value plus all costs associated with the transaction. Subsequently, these are carried out at amortized cost using the effective interest rate method. |
Description of accounting policy for borrowings [text block] | 3.29 Interest-bearing borrowings At initial recognition, interest-bearing borrowings are measured at fair value net of transaction costs incurred. Subsequently, they are measured at amortized cost using the effective interest rate method. Amortized cost is calculated considering any premium or discount from the acquisition and includes costs of transactions which are an integral part of the effective interest rate. These are recorded as non-current when their expiration period exceeds twelve months and as current when the term is lower than such term. Interest expense is calculated in the year in which it is accrued following a financial criterion. |
Description of accounting policy for provisions [text block] | 3.30 Other provisions Provisions are recognized when: - The Company has a present obligation or constructive obligation as the result of a past event. - It is more likely than not that certain resources must be used, including benefits, to settle the obligation. - A reliable estimate can be made of the amount of the obligation. In the event that the provision or a portion of it is reimbursed, the reimbursement is recognized as a separate asset solely if there is certainty of income. In the consolidated statement of income, the expense for any provision is presented net of any reimbursement. Should the effect of the value of money over time be significant, provisions are discounted using a discount rate before tax that reflects the liability’s specific risks. When a discount rate is used, the increase in the provision over time is recognized as a finance cost The Company’s policy is to maintain provisions to cover risks and expenses based on a better estimate to deal with possible or certain and quantifiable responsibilities from current litigation, compensations or obligations, pending expenses for which the amount has not yet been determined, collaterals and other similar guarantees for which the Company is responsible. These are recorded at the time the responsibility or the obligation that determines the compensation or payment is generated. |
Description of accounting policy for employee benefits [text block] | 3.31 Obligations related to employee termination benefits and pension commitments Obligations towards the Company’s employees comply with the provisions of the collective bargaining agreements in force, which are formalized through collective employment agreements and individual employment contracts, except for the United States, which is regulated in accordance with employment plans in force up to 2002. (See more details in Note 17.4). These obligations are valued using actuarial calculations, according to the projected unit credit method which considers such assumptions as the mortality rate, employee turnover, interest rates, retirement dates, effects related to increases in employees’ salaries, as well as the effects on variations in services derived from variations in the inflation rate. The criteria in force contained in the revised IAS 19 are also taken into account. Actuarial gains and losses that may be generated by variations in defined, pre-established obligations are directly recorded in other comprehensive income. Actuarial losses and gains have their origin in departures between the estimate and the actual behavior of actuarial assumptions or in the reformulation of established actuarial assumptions. The discount rate used by the Company for calculating the obligation was 4.642% and 5.114% for the periods ended December 31, 2018 and December 31, 2017, respectively. The Company’s subsidiary SQM North America has established pension plans for its retired employees that are calculated by measuring the projected obligation using a net salary progressive rate net of adjustments for inflation, mortality and turnover assumptions, deducting the resulting amounts at present value using a 3.75% interest rate for 2018 and 4.50% for 2017. The net balance of this obligation is presented under the non-current provisions for employee benefits (refer to Note 17.4). |
Description of accounting policy for share-based payment transactions [text block] | 3.32 Compensation plans Compensation plans implemented through benefits provided in share-based payments settled in cash are recognized in the financial statements at their fair value, in accordance with International Financial Reporting Standards No. 2 "Share-based Payments.” Changes in the fair value of options granted are recognized with a charge to payroll on a straight-line basis during the period between the date on which these options are granted and the payment date (see Note 18.6). |
Description of accounting policy for recognition of revenue [text block] | 3.33 Revenue recognition Revenue includes the fair value of the consideration received or to be received for the sale of goods and services in the ordinary course of the Company's activities. Revenue is presented net of value added tax, returns, rebates and discounts and after eliminating sales made between subsidiaries. Revenue is recognized when the amount of the income can be reliably valued, it is probable that the future economic benefits will flow to the entity and the specific conditions for each of the types of income from activities will be met, as described below: (a) Sale of goods The sale of goods is recognized when the Company has delivered products to the customer, and there is no obligation pending compliance that could affect the acceptance of products by the customer. The delivery does not occur until products have been shipped to the customer or confirmed as received by the customer, and the related risks of obsolescence and loss have been transferred to the customer and the customer has accepted the products in accordance with the conditions established in the sale, when the acceptance period has ended, or when there is objective evidence that those criteria required for acceptance have been met. Sales are recognized in consideration of the price set in the sales agreement, net of volume discounts and estimated returns at the date of the sale. Volume discounts are evaluated in consideration of annual foreseen purchases and in accordance with the criteria defined in agreements. (b) Sale of services Revenue associated with the rendering of services is recognized considering the degree of completion of the service as of the date of presentation of the consolidated classified statement of financial position, provided that the result from the transaction can be estimated reliably. (c) Interest income Interest income is recognized when interest is accrued in consideration of the principal pending payment using the effective interest rate method. (d) Income from dividends Income from dividends is recognized when the right to receive the payment is established. |
Description of accounting policy for finance income and costs [text block] | 3.34 Finance income and finance costs Finance income is mainly composed of interest income in financial instruments such as term deposits and mutual fund deposits. Interest income is recognized in profit or loss at amortized cost, using the effective interest rate method. Finance costs are mainly composed of interest on bank borrowing expenses, interest on bonds issued and interest capitalized for borrowing costs for the acquisition, construction or production or qualifying assets. Borrowing costs and bonds issued are recognized in profit or loss using the effective interest rate method. For finance costs accrued during the construction period that are directly attributable to the acquisition, construction or production of qualifying assets, the effective interest rate related to the project’s specific financing is used. If none exists, the average financing rate of the subsidiary making the investment is utilized. Borrowing and financing costs that are directly attributable to the acquisition, construction or production of an asset are capitalized as part of that asset’s cost. |
Description of accounting policy for income tax and deferred taxes [Text Block] | 3.35 Income tax and deferred taxes Corporate income tax for the year is determined as the sum of current taxes from the different consolidated companies. Current taxes are based on the application of the various types of taxes attributable to taxable income for the year. Differences between the book value of assets and liabilities and their tax basis generate the balance of deferred tax assets or liabilities, which are calculated using the tax rates expected to be applicable when the assets and liabilities are realized. In conformity with current Chilean tax regulations, the provision for corporate income tax and taxes on mining activity is recognized on an accrual basis, presenting the net balances of accumulated monthly tax provisional payments for the fiscal period and associated credits. The balances of these accounts are presented in current income taxes recoverable or current taxes payable, as applicable. Tax on companies and variations in deferred tax assets or liabilities that are not the result of business combinations are recorded in the statement of income accounts or equity accounts in the consolidated statement of financial position, considering the origin of the gains or losses which have generated them. At each reporting period, the carrying amount of deferred tax assets has been reviewed and reduced to the extent where there will not be sufficient taxable income to allow the recovery of all or a portion of the deferred tax assets. Likewise, as of the date of the consolidated financial statements, deferred tax assets that are not recognized were evaluated and not recognized as it was more likely than not that future taxable income will allow for recovery of the deferred tax asset. With respect to deductible temporary differences associated with investments in subsidiaries, associated companies and interest in joint ventures, deferred tax assets are recognized solely provided that it is more likely than not that the temporary differences will be reversed in the near future and that there will be taxable income with which they may be used. The deferred income tax related to entries directly recognized in equity is recognized with an effect on equity and not with an effect on profit or loss. Deferred tax assets and liabilities are offset if there is a legally receivable right of offsetting tax assets against tax liabilities and the deferred tax is related to the same tax entity and authority. |
Description of accounting policy for segment reporting [text block] | 3.36 Segment reporting IFRS 8 requires that companies adopt a “management approach” to disclose information on the operations generated by its operating segments. In general, this is the information that management uses internally for the evaluation of segment performance and making the decision on how to allocate resources for this purpose. An operating segment is a group of assets and operations responsible for providing products or services subject to risks and performance that are different from those of other business segments. A geographical segment is responsible for providing products or services in a given economic environment subject to risks and performance that are different from those of other segments operating in other economic environments. For assets and liabilities, the allocation to each segment is not possible given that these are associated with more than one segment, except for depreciation, amortization and impairment of assets, which are directly allocated to the applicable segments, in accordance with the criteria established in the costing process for product inventories. The following operating segments have been identified by the Company: - Specialty plant nutrients - Industrial chemicals - Iodine and derivatives - Lithium and derivatives - Potassium - Other products and services |
Description of accounting policy for responsibility for information and estimates made [Text Block] | 3.37 Responsibility for Information and Estimates Made The Management of Sociedad Química y Minera de Chile S.A. and its subsidiaries is responsible for the information contained in these consolidated financial statements, which expressly indicate that all the principles and criteria included in IFRS, as issued by the International Accounting Standards Board (IASB), have been applied in full. In preparing the consolidated financial statements of Sociedad Química y Minera de Chile S.A. and its subsidiaries, Management has made judgments and estimates to quantify certain assets, liabilities, revenues, expenses and commitments included therein. Basically, these estimates refer to: - Estimated useful lives are determined based on current facts and past experience, and take into consideration the anticipated physical life of the asset, the potential for technological obsolescence, and regulations. See Notes 3.22, 14 and 15. - Impairment losses of certain assets - Assets, including property, plant and equipment, exploration assets, goodwill and intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts exceed their recoverable amounts. If an impairment assessment is required, the assessment of fair value often requires estimates and assumptions such as discount rates, exchange rates, commodity prices, future capital requirements and future operating performance. Changes in such estimates could impact the recoverable values of these assets. Estimates are reviewed regularly by management. See Notes 14 and 15. - Assumptions used in calculating the actuarial amount of pension-related and severance indemnity payment benefit commitments. See Note 17. - Contingencies – The amount recognized as a provision, including legal, contractual, constructive and other exposures or obligations, is the best estimate of the consideration required to settle the related liability, including any related interest charges, taking into account the risks and uncertainties surrounding the obligation. In addition, contingencies will only be resolved when one or more future events occur or fail to occur. Therefore, the assessment of contingencies inherently involves the exercise of significant judgment and estimates of the outcome of future events. The Company assesses its liabilities and contingencies based upon the best information available, relevant tax laws and other appropriate requirements. See Notes 18 and 21. - Provisions on the basis of technical studies that cover the different variables affecting products in stock (density and moisture, among others), and related allowance. - Obsolescence to ensure that the carrying value of inventory is not in excess of the net realizable Inventory valuation requires judgment to determine obsolescence and estimates of provisions for value. See Note 11. Despite the fact that these estimates have been made on the basis of the best information available on the date of preparation of these consolidated financial statements, certain events may occur in the future and oblige their amendment (upwards or downwards) over the next few years, which would be made prospectively, recognizing the effects of the change in estimates in the related future consolidated financial statements. |
Description of accounting policy for environment related expense [text block] | 3.38 Environment In general, the Company follows the criteria of considering amounts used in environmental protection and improvement as environmental expenses. However, the cost of facilities, machinery and equipment used for the same purpose are considered property, plant and equipment, as the case may be. |
Identification and Activities_2
Identification and Activities of the Company and Subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Identification and Activities of the Company and Subsidiaries [Abstract] | |
Disclosure of information about employees [text block] | As of December 31, 2018, and December 31, 2017, the workforce was as follows: 12/31/2018 12/31/2017 Employees SQM S.A. Other subsidiaries Total SQM S.A. Other subsidiaries Total Executives 33 89 122 43 77 120 Professionals 115 1,078 1,193 143 942 1,085 Technicians and operators 260 3,287 3,547 248 3,177 3,425 Foreign employees 11 417 428 19 272 291 Overall total 419 4,871 5,290 453 4,468 4,921 |
Schedule of Shareholders stock and Ownership Percentage [Text Block] | The following information is derived from our registry and reports managed by the Central Securities Depository and informed to the CMF and the Chilean Stock Exchanges. Shareholder as of December 31, 2018 No, of Series A with ownership % of Series A shares No, of Series B with ownership % of Series B shares % of total shares Inversiones TLC SPA 62,556,568 43.80 % - - 23.77 % Sociedad de Inversiones Pampa Calichera S.A. (*) 44,894,152 31.43 % 10,093,154 8.38 % 20.89 % The Bank of New York Mellon, ADRs - - 35,254,267 29.29 % 13.39 % Potasios de Chile S.A. (*) 18,179,147 12.73 % - - 6.91 % Banco de Chile via non-resident third party accounts 15,687 0.01 % 10,703,812 8.89 % 4.07 % Inversiones Global Mining (Chile) Limitada (*) 8,798,539 6.16 % - - 3.34 % Banco Itaú through Corpbanca on behalf of foreign investors - - 8,085,730 6.72 % 3.07 % Banco Santander via foreign investor accounts - - 7,138,685 5.93 % 2.71 % Banchile C de B S A 528,092 0.37 % 4,028,611 3.35 % 1.73 % Inversiones la Esperanza de Chile Limitada 3,711,598 2.60 % 46,500 0.04 % 1.43 % (*) Total Pampa Group 32 2.247.895 Shareholder as of December 31, 2017 No, of Series A with ownership % of Series A shares No, of Series B with ownership % of Series B shares % of total shares The Bank of New York Mellon, ADRs - - 54,599,961 45.36 % 20.74 % Sociedad de Inversiones Pampa Calichera S.A. (*) 44,894,152 31.43 % 7,007,688 5.82 % 19.72 % Inversiones El Boldo Limitada 29,330,326 20.54 % 16,363,546 13.59 % 17.36 % Inversiones RAC Chile Limitada 19,200,242 13.44 % 2,202,773 1.83 % 8.13 % Potasios de Chile S.A. (*) 18,179,147 12.73 % - - 6.91 % Inversiones PCS Chile Limitada 15,526,000 10.87 % 1,600,000 1.33 % 6.51 % Inversiones Global Mining (Chile) Limitada (*) 8,798,539 6.16 % - - 3.34 % Banco de Chile via non-resident third party accounts - - 8,394,289 6.97 % 3.19 % Banco Itau via Investor Accounts 19,125 0.01 % 7,017,504 5.83 % 2.67 % Banco Santander via foreign investor accounts - - 4,593,336 3.82 % 1.75 % (*) Total Pampa Group 29,97 |
Basis of presentation for the_2
Basis of presentation for the consolidated financial statements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Basis of presentation for the consolidated financial statements [Abstract] | |
Disclosure Of Reclassification Of Assets [Text Block] | A reconciliation of such differences is presented as follows: Balances originally reported as of December 31, 2017 Reclassified balances as of December 31, 2017 Reclassification ThUS$ ThUS$ ThUS$ Assets Investments classified using the equity method of accounting 146,425 152,630 6,205 Intangible assets other than goodwill 105,948 113,787 7,839 Goodwill 44,177 37,972 (6,205 ) Property, plant and equipment 1,437,193 1,429,354 (7,839 ) Total 1,733,743 1,733,743 - |
Disclosure Of Classification measurement And Effects By The Application Of IFRS 9 [Table Text Block] | The following is a summary with the classification, measurement and effects by the application of IFRS 9: Financial Assets Measurement Category under IAS 39 Measurement category under IFRS 9 12/31/2017 Total Amount ThUS$ IFRS 9 Adjustment ThUS$ 01/01/2018 Total Amount Restated ThUS$ Description of financial current assets Cash and cash equivalent Amortized cost Amortized cost 630,438 - 630,438 Trade receivables due from related parties Amortized cost Amortized cost 59,132 - 59,132 Financial assets measured at amortized cost Amortized cost Amortized cost 360,941 - 360,941 Loans and receivables measured at amortized cost Amortized cost Amortized cost 446,875 (2,301 ) 444,574 Derivatives held for trading at fair value through profit or loss FVTPL FVTPL 6,038 - 6,038 Non-current Assets Financial assets Amortized cost Amortized cost 45 - 45 Loans and receivables Amortized cost Amortized cost 1,912 - 1,912 Derivatives for hedging purposes FVTOCI FVTOCI 8,910 - 8,910 Financial assets classified as available for sale at fair value through equity Irrevocable FVTOCI FVTOCI 33,924 - 33,924 Total IFRS 9 Adjustment (2,301 ) Financial Liabilities Measurement Category under IAS 39 Measurement category under IFRS 9 12/31/2017 Total Amount ThUS$ IFRS 9 Adjustment ThUS$ 01/01/2018 Total Amount Restated ThUS$ Description of financial Current liabilities Accounts payable to related entities Amortized cost Amortized cost 1,365 1,365 Derivatives for hedging purposes FVTOCI FVTOCI 37,287 37,287 Derivatives at fair value through profit or loss FVTOCI FVTPL 5,979 5,979 Bank loans Amortized cost Amortized cost 163,568 163,568 Obligations to the public Amortized cost Amortized cost 13,494 13,494 Financial liabilities at amortized cost (trade and other payables) Amortized cost Amortized cost 196,280 196,280 Financial Liabilities Non-Current Obligations to the public Amortized cost Amortized cost 1,031,507 1,031,507 Financial liabilities at amortized cost (trade and other payables) Amortized cost Amortized cost - - Deferred tax liabilities 205,904 (621 ) 205,283 Equity Total equity 2,247,468 (1,680 ) 2,245,788 Total IFRS 9 Adjustment (2.301 ) |
Disclosure of subsidiaries [text block] | Companies included in consolidation: Ownership interest TAX ID Country of 12/31/2018 12/31/2017 No. Foreign subsidiaries origin Functional currency Direct Indirect Total Total Foreign Nitratos Naturais Do Chile Ltda, Brazil US$ 0.0000 100.0000 100.0000 100.0000 Foreign Nitrate Corporation Of Chile Ltd, United Kingdom US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM North America Corp, USA US$ 40.0000 60.0000 100.0000 100.0000 Foreign SQM Europe N.V. Belgium US$ 0.5800 99.4200 100.0000 100.0000 Foreign Soquimich S.R.L. Argentina Argentina US$ 0.0000 100.0000 100.0000 100.0000 Foreign Soquimich European Holding B.V. Netherlands US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Corporation N.V. Netherlands US$ 0.0002 99.9998 100.0000 100.0000 Foreign SQI Corporation N.V. Netherlands US$ 0.0159 99.9841 100.0000 100.0000 Foreign SQM Comercial De México S.A. de C.V. Mexico US$ 0.0100 99.9900 100.0000 100.0000 Foreign North American Trading Company USA US$ 0.0000 100.0000 100.0000 100.0000 Foreign Administración y Servicios Santiago S.A. de C.V. Mexico US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Peru S.A. Peru US$ 0.9800 99.0200 100.0000 100.0000 Foreign SQM Ecuador S.A. Ecuador US$ 0.0040 99.9960 100.0000 100.0000 Foreign SQM Nitratos Mexico S.A. de C.V. Mexico US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQMC Holding Corporation L.L.P. USA US$ 0.1000 99.9000 100.0000 100.0000 Foreign SQM Investment Corporation N.V. Netherlands US$ 1.0000 99.0000 100.0000 100.0000 Foreign SQM Brasil Limitada Brazil US$ 1.0900 98.9100 100.0000 100.0000 Foreign SQM France S.A. France US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Japan Co. Ltd. Japan US$ 0.1597 99.8403 100.0000 100.0000 Foreign Royal Seed Trading Corporation A.V.V. Aruba US$ 1.6700 98.3300 100.0000 100.0000 Foreign SQM Oceania Pty Limited Australia US$ 0.0000 100.0000 100.0000 100.0000 Foreign Rs Agro-Chemical Trading Corporation A.V.V. Aruba US$ 98.3333 1.6667 100.0000 100.0000 Foreign SQM Colombia SAS Colombia US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Australia PTY Australia Australian dollar 0.0000 100.0000 100.0000 100.0000 Foreign SACAL S.A. Argentina Argentine peso 0.0000 100.0000 100.0000 100.0000 TAX ID Country of 12/31/2018 12/31/2017 No. Foreign subsidiaries origin Functional currency Direct Indirect Total Total Foreign SQM Indonesia S.A. Indonesia US$ 0.0000 80.0000 80.0000 80.0000 Foreign SQM Virginia L.L.C. USA US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Italia SRL Italy US$ 0.0000 100.0000 100.0000 100.0000 Foreign Comercial Caimán Internacional S.A. Panama US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Africa Pty. South Africa US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Lithium Specialties LLC USA US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Iberian S.A. Spain US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Beijing Commercial Co. Ltd. China US$ 0.0000 100.0000 100.0000 100.0000 Foreign SQM Thailand Limited Thailand US$ 0.0000 99.996 99.996 99.996 Foreign SQM Internacional N.V. Belgium US$ 0.5800 99.4200 100.0000 0.0000 Foreign SQM (Shanghai) Chemicals Co. Ltd. China US$ 0.0000 100.0000 100.0000 0.0000 Ownership interest TAX ID Country of 12/31/2017 No. Domestic subsidiaries origin Functional currency Direct Indirect Total Total 96.801.610-5 Comercial Hydro S.A. Chile US$ 0,0000 60,6383 60,6383 60,6383 96.651.060-9 SQM Potasio S.A. Chile US$ 99,9999 0,0000 99,9999 99,9999 96.592.190-7 SQM Nitratos S.A. Chile US$ 99,9999 0,0001 100,0000 100,0000 96.592.180-K Ajay SQM Chile S.A. Chile US$ 51,0000 0,0000 51,0000 51,0000 86.630.200-6 SQMC Internacional Ltda. Chile Ch$ 0,0000 60,6381 60,6381 60,6381 79.947.100-0 SQM Industrial S.A. Chile US$ 99,0470 0,9530 100,0000 100,0000 79.906.120-1 Isapre Norte Grande Ltda. Chile Ch$ 1,0000 99,0000 100,0000 100,0000 79.876.080-7 Almacenes y Depósitos Ltda. Chile Ch$ 1,0000 99,0000 100,0000 100,0000 79.770.780-5 Servicios Integrales de Tránsitos y Transferencias S.A. Chile US$ 0,0003 99,9997 100,0000 100,0000 79.768.170-9 Soquimich Comercial S.A. Chile US$ 0,0000 60,6383 60,6383 60,6383 79.626.800-K SQM Salar S.A. Chile US$ 18,1800 81,8200 100,0000 100,0000 78.053.910-0 Proinsa Ltda. Chile Ch$ 0,0000 60,5800 60,5800 60,5800 76.534.490-5 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. Chile Ch$ 0,0000 100,0000 100,0000 100,0000 76.425.380-9 Exploraciones Mineras S.A. Chile US$ 0,2691 99,7309 100,0000 100,0000 76.064.419-6 Comercial Agrorama Ltda. (a) Chile Ch$ 0,0000 42,4468 42,4468 42,4468 76.145.229-0 Agrorama S.A. Chile Ch$ 0,0000 60,6377 60,6377 60,6377 76.359.919-1 Orcoma Estudios SPA Chile US$ 51,0000 0,0000 51,0000 51,0000 76.360.575-2 Orcoma SPA Chile US$ 100,0000 0,0000 100,0000 100,0000 76.686.311-9 SQM MaG SpA. Chile US$ 0,0000 100,0000 100,0000 100,0000 |
Significant accounting polici_3
Significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Significant accounting policies [Abstract] | |
Disclosure of foreign exchange rates used o translate monetary items [Text Block] | The main exchange rates and the adjustment unit used to translate monetary assets and liabilities, expressed in foreign currency at the end of each period in respect to U.S. dollars, are as follows: 12/31/2018 12/31/2017 US$ US$ Brazilian real 3.87 3.02 New Peruvian sol 3.37 3.08 Argentine peso 37.74 18.40 Japanese yen 110.38 113.00 Euro 0.87 0.83 Mexican peso 19.68 19.65 Australian dollar 1.42 1.28 Pound Sterling 0.79 0.74 South African rand 14.35 12.35 Ecuadorian dollar 1.00 1.00 Chilean peso 694.77 614.75 Chinese yuan 6.88 6.51 Indian rupee 69.93 63.84 Thai baht 32.53 32.85 Turkish lira 5.27 3.79 UF (*) 39.68 43.59 |
Disclosure of useful lives of property, plant and equipment [Text Block] | The useful lives used for the depreciation and amortization of assets included in property, plant and equipment in years are presented below . Classes of property, plant and equipment Minimum life or rate (years) Maximum life or rate (years) life or average rate in years Mining assets 3 8 7 Energy generating assets 3 16 7 Buildings 2 40 11 Supplies and accessories 2 16 6 Office equipment 2 20 6 Transport equipment 2 20 9 Network and communication equipment 3 15 5 IT equipment 2 16 4 Machinery, plant and equipment 1 28 9 Other property, plant and equipment 1 26 6 |
Financial risk management (Tabl
Financial risk management (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Financial Risk Management Explanatory [Abstract] | |
Disclosure of credit risk exposure [text block] | The credit quality of financial assets that are not past due or impaired can be evaluated by reference to external credit ratings (if available) or historical information on counterparty late payment rates: Financial institution Financial assets Rating Institution 12/31/2018 Moody´s S&P Fitch ThUS$ Banco de Chile Time deposits P-1 A-1 - 7,305 Banco de Crédito e Inversiones Time deposits P-1 A-1 27,428 Banco Itau Corpbanca Time deposits P-2 A-2 61,946 Banco Santander Time deposits - - 432 Banco Estado Time deposits - - 3,602 BBVA Banco Francés Time deposits - - - 84 Nedbank Time deposits P-3 B - 647 JP Morgan US dollar Liquidity Fund Institutional Investment fund deposits - - - 133,809 Legg Mason - Western Asset Institutional Cash Reserves Investment fund deposits - - - 132,108 Total 367,361 Financial institution Financial assets Rating Institution 12/31/2018 Moody´s S&P Fitch ThUS$ Banco Sud Americano 90 days to 1 year - - - 24,898 Banco de Crédito e Inversiones 90 days to 1 year P-1 A-1 - 145,834 Banco Santander 90 days to 1 year P-1 A-1 - 23,124 Banco Itaú-Corpbanca 90 days to 1 year P-2 A-2 - 70,719 Banco Security 90 days to 1 year - - - 27,215 Total 291,790 The following table presents comparative information as of December 2017: Financial institution Financial assets Rating Institution 12/31/2017 Moody´s S&P Fitch ThUS$ Banco BBVA Chile Time deposits P-2 A-2 - 41,860 Banco de Crédito e Inversiones Time deposits P-1 A-1 F1 120,616 Banco Santander - Santiago Time deposits P-1 A-1 F1 35,558 BBVA Banco Francés Time deposits - - - 163 Itau-Corpbanca Time deposits P-2 A-2 - 75,072 JP Morgan US dollar Liquidity Fund Institutional Investment fund deposits - - - 143,333 Legg Mason - Western Asset Institutional Cash Reserves - - Reserves Investment fund deposits - - - 144.464 Scotiabank Sud Americano Time deposit - - 12,520 Nedank Time deposit P-3 B - 3,686 ABN Amro Bank Time deposit - - - 1,439 Total 578,711 Financial institution Financial assets Rating Institution 12/31/2017 Moody´s S&P Fitch ThUS$ Banco BBVA Chile 90 days to 1 year - - - 1,207 Banco de Crédito e Inversiones 90 days to 1 year P-1 A-1 F1 71,748 Banco de Chile 90 days to 1 year 4,834 Banco Itaú-Corpbanca 90 days to 1 year P-1 A-2 - 77,526 Banco Santander - Santiago 90 days to 1 year P-1 A-1 F1 163,269 Morgan Stanley 90 days to 1 year P-2 A-2 F1 4,191 Banco Security 90 days to 1 year - - - 28,592 Scotiabank Sud Americano 90 days to 1 year - - AA 13,765 Total 365,132 |
Disclosure of cash and cash equivalents of cashflows [Text Block] | The position in other cash and cash equivalents generated by the Company are invested in highly liquid mutual funds with an AAA risk rating. Nature of undiscounted cash flows As of December 31, 2018 Carrying amount Less than 1 year 1 to 5 years Over 5 years Total (in millions of US$) Other non-derivative financial liabilities Bank borrowings 70.25 4.10 79.66 - 83.76 Unsecured obligations 1,273.07 61.37 823.76 713.60 1,598.73 Subtotal 1,343.32 65.47 903.42 713.60 1,682.49 Other derivative financial liabilities Hedging liabilities (14.34 ) 5.52 15.64 29.27 50.43 Derivative financial instruments 0.16 0.16 - - 0.16 Subtotal (14.18 ) 5.68 15.64 29.27 50.59 Trade accounts payable and other accounts payable 163.75 163.17 0.58 - - Total 1,492.89 234.32 919.64 742.87 1,733.08 Nature of undiscounted cash flows As of December 31, 2017 Carrying amount Less than 1 year 1 to 5 years Over 5 years Total (in millions of US$) Other non-derivative financial liabilities Bank borrowings 163.57 164.78 - - 164.78 Unsecured obligations 1,054.89 47.45 522.52 751.67 1,321.64 Subtotal 1,218.46 212.23 522.52 751.67 1,486.42 Other derivative financial liabilities Hedging liabilities 28,38 37.01 (9.51 ) (18.36 ) 9.14 Derivative financial instruments 0,80 0.80 - - 0.80 Subtotal 29,18 37.81 (9.51 ) (18.36 ) 9.94 Trade accounts payable and other accounts payable 196,28 196.18 0.10 - - Total 1,247.64 446.22 513.11 733.31 1,496.36 |
Background of companies inclu_2
Background of companies included in consolidation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Background of companies included in consolidation [Abstract] | |
Disclosure of Parent's stand-alone assets and liabilities [Text Block] | 6.1 Parent’s stand-alone assets and liabilities 12/31/2018 12/31/2017 ThUS$ ThUS$ Assets 3,737,892 3,658,528 Liabilities (1,652,401 ) (1,470,707 ) Equity 2,085,491 2,187,821 |
Disclosure of Information attributable to non-controlling interests [Text Block] | 6.3 Background on non-controlling interests Subsidiary % of interests in the ownership held by non-controlling interests, Profit (loss) attributable to non- controlling interests Equity, non-controlling interests Dividends paid to non- controlling interests 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2018 12/31/2017 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Proinsa Ltda. 0.1 % - - - - - - SQM Potasio S.A. 0.0000001 % - - - - - - Ajay SQM Chile S.A. 49 % 1,176 1,023 8,659 8,306 823 989 SQM Indonesia S.A. 20 % - - 1 1 - - Soquimich Comercial S.A. 39.3616784 % 1,375 100 41,855 49,247 8,910 1,264 Comercial Agrorama Ltda. 30 % (318 ) (403 ) (481 ) (184 ) - - Agrorama S.A. 0.001 % - - - - - - Orcoma Estudios SPA 49 % - - 2,277 2,277 - - SQM (Thailand) Limited. 0.004 % - - - - - - Total 2,233 720 52,311 59,647 9,733 2,253 |
Board of Directors, Senior Ma_2
Board of Directors, Senior Management and Key management personnel (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of information about Board of Directors Senior Management and Key management personnel [Abstract] | |
Disclosure of information about key management personnel [text block] | As of December 31, 2018, there are 123 people occupying key management positions and 115 as of December 31, 2017. 12/31/2018 12/31/2017 ThUS$ ThUS$ Key management personnel compensation (1) 27,907 27,367 (1) Corresponds to a number of executives (see Note 7.1 number 3) a). |
Equity-accounted investees (Tab
Equity-accounted investees (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Equity-accounted investees [Abstract] | |
Disclosure of associates [text block] | As of December 31, 2018 and December 31, 2017, in accordance with criteria established in Note 3.19, investment in associates recognized according to the equity method of accounting and joint ventures are as follows: Associates Equity-accounted investees Share in profit (loss) of associates and joint ventures accounted for using the equity method Share in other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax Share in total other comprehensive income of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sales de Magnesio Ltda. - - - - 514 - - - - 514 Abu Dhabi Fertilizer Industries WWL 10,821 15,936 596 1,483 1,482 - - 596 1,483 1,482 Doktor Tarsa Tarim Sanayi AS 21,582 21,788 241 6,427 4,026 489 - 730 6,427 4,616 Ajay North America 14,951 14,432 3,728 3,677 2,794 - - 3,728 3,677 2,794 Ajay Europe SARL 7,845 8,144 1,373 1,049 1,132 (439 ) 26 934 1,075 1,126 Charlee SQM Thailand Co, Ltd, - 2,301 316 393 244 - - 316 393 244 SQM Eastmed Turkey, 310 - 370 (25 ) - (21 ) - 349 (25 ) - Kore Potash Ltd, 20,467 20,000 (1,543 ) - - (1,206 ) - (2,749 ) - - Total 75,976 82,601 5,081 13,004 10,192 (1,177 ) 26 3,904 13,030 10,776 |
Disclosure of interests in associates [text block] | Associate Description of the nature of the relationship Domicile Country of incorporation Share of ownership in associates Dividends received 12/31/2018 12/31/2017 ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL Distribution and commercialization of specialty plant nutrients in the Middle East. PO Box 71871, Abu Dhabi United Arab Emirates 37 % 5,641 - Doktor Tarsa Tarim Sanayi AS Distribution and commercialization of specialty plant nutrients in Turkey. Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya Turkey 50 % - - Ajay North America Production and distribution of iodine derivatives. 1400 Industry RD Power Springs GA 30129 United States 49 % 2,807 1,123 Ajay Europe SARL Production and commercialization of iodine derivatives. Z.I. du Grand Verger BP 227 53602 Evron Cedex France 50 % 811 968 SQM Eastmed Turkey Production and commercialization of specialty products. Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya Turkey 50 % - - Charlee SQM Thailand Co. Ltd. Distribution and commercialization of specialty plant nutrients. 31 Soi 138 (Meesuk) LLapdrawrd, Bangkapi, 10240 Bangkok Thailand 40 % 362 - Kore Potash Ltd. Prospecting, exploration and mining development. L 3 88 William St Perth, was 6000 Australia 17,52 % - - Total 9,621 2,091 The companies described in the table below are related parties of the following associates: (1) Doktor Tarsa Tarim Sanayi AS (2) Terra Tarsa B.V (3) Abu Dhabi Fertilizer Industries WWL Company Description of the nature of the relationship Domicile Country of incorporation Share of ownership in associates Dividends received Terra Tarsa B.V. (1) Distribution and trading of specialty plant nutrients, Herikerbergweg 238, Luna Arena, 1101CM Amsterdam PO Box 23393, 1100DW Amsterdam Zuidoost Holland 50 % - - Plantacote N.V. (1) Sale of CRF and production and sales of WSNPK Houtdok-Noordkaai 25a, 2030 Antwerpen, Belgium Belgium 100 % - - Doktolab Tarim Arastima San, Tic As (1) Laboratory services 27, Cd, No:2, 07190 Aosb 2, Kısım/Döşemealtı, Antalya, Turkey Turkey 100 % - - Terra Tarsa Ukraine LLC (2) Distribution and trading of specialty plant nutrients, 74800 Ukraine, Kakhovka, 4 Yuzhnaya Str, Ukraine 100 % - - Terra Tarsa Don LLC (2 Distribution and sale of specialty fertilizers Zorge Street, house 17, 344090, Rostov-on-Don Russian Federation 100 % - - Internacional Technical and Trading Agenies Co. WLL (3) Distribution and trading of specialty plant nutrients, in the Middle East P.O Box: 950918 Amman 11195 Jordania 50 % - - Total - - |
Disclosure of Detailed Informatin on Summarized Financial Information of Associates Explanatory [Text Block] | 8.2 Assets, liabilities, revenue and expenses of associates 12/31/2018 Associate Assets Liabilities Revenue Gain (loss) from continuing operations Other comprehensive income Comprehensive income Current Non-current Current Non-current ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 32,093 2,847 5,695 - 33,098 1,611 (1 ) 1,610 Doktor Tarsa Tarim Sanayi AS 66,498 12,242 27,067 8,509 74,144 481 978 1,459 Ajay North America 21,644 12,409 3,542 - 40,290 7,608 - 7,608 Ajay Europe SARL 21,219 1,214 6,743 - 36,337 2,747 (878 ) 1,869 SQM Eastmed Turkey 1,724 2,160 1,829 1,434 3,192 740 (42 ) 698 Kore Potash Ltd. 6,659 148,426 2,180 - - (8,198 ) (6,882 ) (15,080 ) Total 149,837 179,298 47,056 9,943 187,061 4,989 (6,825 ) (1,836 ) 12/31/2017 Associate Assets Liabilities Revenue Gain (loss) from continuing operations Other comprehensive income Comprehensive income Current Non-current Current Non-current ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 44,801 2,032 3,764 - 35,131 4,008 (4 ) 4,004 Doktor Tarsa Tarim Sanayi AS 81,057 10,731 36,960 11,251 75,269 12,854 (4,367 ) 8,487 Ajay North America 19,426 12,498 2,470 - 36,185 7,505 - 7,505 Ajay Europe SARL 23,555 1,266 8,534 - 32,310 2,098 2,208 4,306 Charlee SQM Thailand Co. Ltd. 8,585 712 3,292 255 13,618 981 414 1,395 SQM Eastmed Turkey 3,981 2,671 4,487 2,260 2,389 (49 ) (12 ) (61 ) Total 181,405 29,910 59,507 13,766 194,902 27,397 (1,761 ) 25,636 12/31/2016 Associate Assets Liabilities Revenue Gain (loss) from continuing operations Other comprehensive income Comprehensive income Current Non-current Current Non-current ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 37,801 2,104 3,843 - 41,442 4,005 - 4,005 Doktor Tarsa Tarim Sanayi AS 68,449 5,984 39,729 1,281 83,905 8,052 1,180 9,232 Ajay North America 18,844 11,633 3,015 - 35,715 5,702 - 5,702 Ajay Europe SARL 20,675 1,361 7,290 - 33,319 2,265 (13 ) 2,252 Charlee SQM Thailand Co. Ltd. 6,264 591 2,448 - 12,065 609 - 609 SQM Eastmed Turkey 727 2,265 719 2,362 833 (200 ) - (200 ) Total 152,760 23,938 57,044 3,643 207,279 20,433 1,167 21,600 |
Joint Ventures (Tables)
Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Joint Ventures Explanatory [Abstract] | |
Disclosure of detailed information about investments in joint ventures [Text Block] | 9.3 Investment in joint ventures accounted for under the equity method of accounting Country of Share of interest in Dividends received Joint venture Description of the nature of the relationship Domicile incorporation ownership 12/31/2018 12/31/2017 ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltda. Production and distribution of soluble fertilizers, Huangjing Road, Dawan Town, Qingbaijiang District, Chengdu Municipality, Sichuan Province China 50 % - - Coromandel SQM India Production and distribution of potassium nitrate, 1-2-10 Sardar Patel Road, Secunderabad – 500003 Andhra Pradesh India 50 % - - SQM Vitas Fzco. Production and commercialization of specialty plant and animal nutrition and industrial hygiene, Jebel ALI Free Zone P.O. Box 18222, Dubai United Arab Emirates 50 % - - SQM Star Qingdao Corp Nutrition, Co. Ltd. Production and distribution of nutrient plant solutions with specialties NPK soluble Longquan Town, Jimo City, Qingdao Municipality, Shangdong Province China 50 % - - SQM Vitas Holland B.V. (1) Without information Herikerbergweg 238, 1101 CM Amsterdam Zuidoost Holland 50 % - - Pavoni & C. Spa Production of specialized fertilizers and other products for distribution in Italy and other countries Corso Italia 172, 95129 Catania (CT), Sicily Italy 50 % - - Covalent Lithium Pty Ltd. development and operation of the Mt Holland Lithium project, which will include the construction of a lithium extraction and refining mine L18, 109 St. Georges Tce Perth WA 6000 PO Box Z5200 St Georges Tce Perth WA 6831 Australia 50 % - - Minera Exar S.A. Exploration and exploitation of minerals, processing and trading of such minerals Dr. Sabín 1082 Ciudad de Nieva – San Salvador de Jujuy- Jujuy- República Argentina Argentina 50 % - - (1) During May 2016, SQM Vitas Holland B.V. sold its interest in SQM Vitas Spain, to SQM Iberian S.A. resulting in the latter obtaining 100% in this transaction generating a loss of ThUS$104. The companies described in the following table are related to the following joint ventures: (1) SQM Vitas Fzco. (2) Pavoni & C Spa. (3) SQM Vitas Holland B.V. Domicile Country of incorporation Share of interest in ownership Dividends received SQM Vitas Brazil Agroindustria (1) Production and commercialization of specialty plant and animal nutrition and industrial hygiene, Via Cndeias, Km, 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia, Brazil 49.99 % - - SQM Vitas Peru S.A.C (1), Production and commercialization of specialty plant and animal nutrition and industrial hygiene Av, Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima Peru 50 % - - Arpa Speciali S.R.L. (2) Production of specialty fertilizers and other products for distribution in Italy and other countries. Mantova (MN) via Cremona 27 Int. 25 Italy 50.48 % - - SQM Vitas Plantacote B.V. (3) Production and commercialization of controlled-released fertilizers Herikerbergweg 238, 1101 CM Amsterdam Zuidoost Holland 50 % - - |
Disclosure of reconciliation of summarised financial information of joint venture accounted for using equity method to carrying amount of interest in joint venture [text block] | Joint Venture Final reporting period date Accounting method Coromandel SQM India December 31, 2018 Equity method SQM Vitas Fzco. December 31, 2018 Equity method SQM Star Qingdao Corp Nutrition Co., Ltd. December 31, 2018 Equity method SQM Vitas Brazil Agroindustria December 31, 2018 Equity method SQM Vitas Perú S.A.C. December 31, 2018 Equity method SQM Vitas Holland B.V. December 31, 2018 Equity method Pavoni & C. Spa. December 31, 2018 Equity method Arpa Speciali S.R.L. December 31, 2018 Equity method Covalent Lithium Pty Ltd. December 31, 2018 Equity method Joint Venture Equity-accounted investees Share in profit (loss) of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (1) 1,992 11,444 12,150 (650 ) (535 ) (1,372 ) Coromandel SQM India 1,729 1,633 1,499 174 165 435 SQM Vitas Fzco. 20,202 19,478 17,956 1,781 1,502 3,458 SQM Star Qingdao Corp. Nutrition Co. Ltd. 3,168 2,980 2,618 188 361 163 SQM Vitas Holland 1,345 1,429 1,269 (14 ) (18 ) 171 Minera Exar S.A. (1) - 33,065 25,000 (206 ) (27 ) - Pavoni & C., Spa 7,084 - - (39 ) - - Covalent Lithium Pty Ltd. 53 - - 36 - - Total 35,573 70,029 60,492 1,270 1,448 2,855 Joint Venture Share on other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax Share on total other comprehensive income of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (1) - - - (650 ) (535 ) (1,372 ) Coromandel SQM India - - - 174 165 435 SQM Vitas Fzco. - (5 ) 449 1,781 1,497 3,907 SQM Star Qingdao Corp. Nutrition Co. Ltd. 1 - - 189 361 163 SQM Vitas Holland - - - (14 ) (18 ) 171 Minera Exar S.A. (1) (1 ) - - (206 ) (27 ) - Pavoni & C., Spa - - - (40 ) - - Covalent Lithium Pty Ltd. - - - 53 - - Total - (5 ) 449 1,287 1,443 3,304 (1) As of December 31, 2018, the table below does not present investments in joint ventures transferred to the item non-current assets or groups of assets classified as held for sale. For more information, see Note 31. Joint Venture Equity-accounted investees Share in profit (loss) of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brazil Agroindustria (1) 12,405 11,003 9,343 2,879 1,753 4,570 SQM Vitas Peru S.A.C (1) 5,188 5,961 5,964 (550 ) (216 ) 815 SQM Vitas Plantacote B.V. (2) - 669 588 - (1 ) 187 Arpa Speciali S.R.L. (3) 122 - - (88 ) - - Total 17,715 17,633 15,895 2,241 1,536 5,572 Joint Venture Share in other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax Share in total other comprehensive income of associates and joint ventures accounted for using the equity method 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brazil Agroindustria (1) (661 ) (51 ) 2,845 779 826 5,130 SQM Vitas Peru S.A.C (1) - - - (275 ) (108 ) 408 SQM Vitas Plantacote B.V. (2) - - - - (1 ) (80 ) Arpa Speciali S.R.L. (3) - - - - - - Total (661 ) (51 ) 2,845 504 717 5,458 |
Disclosure of assets,liabilities,revenue and expenses from joint venure explanatory [Text Block] | 9.4 Assets, liabilities, revenue and expenses from joint ventures: 12/31/2018 Joint Venture Assets Liabilities Gain (loss) from Other Current Non-current Current Non-current Revenue continuing operations comprehensive income Comprehensive income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. 28,699 6,098 13,281 - 12 (1,372 ) - (1,372 ) Coromandel SQM India 5,656 852 3,050 - 11,605 348 - 348 SQM Vitas Fzco. 25,489 17,592 2,678 - 16,583 3,561 1 3,562 SQM Star Qingdao Corp. Nutrition Co. Ltd. 7,754 114 1,533 - 13,004 377 - 377 SQM Vitas Brazil Agroindustria 36,648 7,566 31,808 - 82,625 2,879 (1,322 ) 1,557 SQM Vitas Peru S.A.C 22,365 7,785 18,996 5,966 28,619 (550 ) - (550 ) SQM Vitas Holland B.V. 2,692 - 1 - - (28 ) - (28 ) SQM Vitas Plantacote B.V. - - - - - - - - Pavoni & C. Spa 10,062 6,490 8,098 698 15,461 (79 ) - (79 ) Arpa Speciali S.R.L. - - - - - - - - Covalent Lithium Pty Ltd. 239 100 233 - - 106 - 106 Total 139,604 46,597 79,678 6,664 167,909 5,242 (1,321 ) 3,921 12/31/2017 Joint Venture Assets Liabilities Gain (loss) from Other Current Non-current Current Non-current Revenue continuing operations comprehensive income Comprehensive ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltda. 31,461 6,656 15,228 - 13,326 (1,070 ) - (1,070 ) Coromandel SQM India 6,659 862 4,205 53 10,381 332 - 332 SQM Vitas Fzco. 23,699 17,479 2,221 - 15,518 3,003 (9 ) 2,994 SQM Star Qingdao Corp. Nutrition Co. Ltd. 6,941 171 1,152 - 12,631 721 - 721 SQM Vitas Brazil Agroindustria 30,303 8,453 27,752 - 60,131 1,753 (101 ) 1,652 SQM Vitas Peru S.A.C 20,933 8,534 17,380 6,126 35,299 (216 ) - (216 ) SQM Vitas Holland B.V. 2,190 669 - - - (36 ) - (36 ) SQM Vitas Plantacote B.V. 679 - 10 - - (1 ) - (1 ) Minera Exar S.A. 19,277 73,114 38,670 - - (53 ) - (53 ) Total 142,142 115,938 106,618 6,179 147,286 4,433 (110 ) 4,323 12/31/2016 Joint Venture Assets Liabilities Gain (loss) from Other Current Non-current Current Non-current Revenue continuing operations comprehensive income Comprehensive ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltda. 43,639 7,399 26,738 - 16,051 (2,744 ) - (2,744 ) Coromandel SQM India 4,485 847 2,334 - 8,034 870 - 870 SQM Vitas Fzco. 20,896 16,395 1,380 - 16,210 6,916 897 7,813 SQM Star Qingdao Corp. Nutrition Co. Ltd. 5,733 203 697 - 7,553 325 - 325 SQM Vitas Brazil Agroindustria 21,511 8,917 21,085 - 63,055 4,570 5,690 10,260 SQM Vitas Peru S.A.C 23,598 8,931 20,333 6,231 36,926 815 - 815 SQM Vitas Holland B.V. 1,961 588 11 - - 342 - 342 SQM Vitas Plantacote B.V. 619 - 31 - - (159 ) - (159 ) Total 122,442 43,280 72,609 6,231 147,829 10,935 6,587 17,522 |
Disclosure of detailed information about other joint venture information explanatory [Text Block] | 9.5 Other Joint Venture disclosures: Cash and cash equivalents Other current financial liabilities Other non-current financial liabilities 12/31/2018 12/31/2017 12/31/2018 12/31/2017 12/31/2018 12/31/2017 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. 106 6,198 - - - - Coromandel SQM India 308 1,118 - - - - SQM Vitas Fzco. 19,312 15,307 - - - - SQM Star Qingdao Corp. Nutrition Co. Ltd. 4,543 3,675 - - - - SQM Vitas Brazil Agroindustria 1,869 5,139 13,380 7,342 - - SQM Vitas Peru S.A.C. 371 687 3,819 2,215 801 1,372 SQM Vitas Holland B.V. 2,692 2,190 - - - - SQM Vitas Plantacote B.V. - 679 - - - - Minera Exar S.A. - 9,189 - - - - Pavoni &C., Spa 407 - 5,464 - - - Arpa Speciali S.R.L. - - - - - - Covalent Lithium Pty Ltd. 156 - - - - - Total 29,764 44,182 22,663 9,557 801 1,372 Depreciation and amortization expense Interest expense Income tax expense, continuing operations 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co. Ltd. (948 ) (696 ) (691 ) (1 ) (25 ) (433 ) 97 303 200 Coromandel SQM India 445 - - (9 ) (16 ) (49 ) (38 ) (485 ) (44 ) SQM Vitas Fzco. (509 ) (553 ) (717 ) (8 ) (19 ) (16 ) - - - SQM Star Qingdao Corp. Nutrition Co. Ltd. (67 ) (68 ) (64 ) - - (1 ) (187 ) (174 ) (195 ) SQM Vitas Brazil Agroindustria (408 ) (453 ) (438 ) (886 ) (1,253 ) (2,127 ) (117 ) (283 ) (337 ) SQM Vitas Peru S.A.C. (347 ) (375 ) (82 ) (425 ) (432 ) (323 ) (230 ) (214 ) (362 ) SQM Vitas Holland B.V. - - - - - - - - - SQM Vitas Plantacote B.V. - - - - (1 ) (1 ) - - - Minera Exar S.A. - (523 ) - - (32 ) - - (620 ) - Pavoni & C., Spa (542 ) - - (335 ) - - - - - Arpa Speciali S.R.L. - - - - - - - - - Covalent Lithium Pty Ltd. (16 ) - - (5 ) - - (46 ) - - Total (2,392 ) (2,668 ) (1,992 ) (1,669 ) (1,778 ) (2,950 ) (521 ) (1,473 ) (738 ) |
Cash And Cash Equivalents (Tabl
Cash And Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
DisclosureOfCashAndCashEquivalentsExplanatory [Abstract] | |
Disclosure of detailed information about cash and cash equivalents [Text Block] | As of December 31, 2018 and December 31, 2017, cash and cash equivalents are detailed as follows: a) Cash 12/31/2018 12/31/20171 ThUS$ ThUS$ Cash on hand 75 60 Cash in banks 101,662 50,137 Other demand deposits 746 1,530 Total cash 102,483 51,727 b) Cash equivalents 12/31/2018 12/31/2017 ThUS$ ThUS$ Short-term deposits, classified as cash equivalents 187,666 290,914 Short-term investments, classified as cash equivalents 265,917 287,797 Total cash equivalents 453,583 578,711 Total cash and cash equivalents 556,066 630,438 |
Disclosure of detailed information about short term investments [Text Block] | As of December 31, 2018 and December 31, 2017, the short-term investments classified as cash and cash equivalents relate to mutual funds (investment liquidity funds) for investments in: Institution 12/31/2018 ThUS$ 12/31/2017 ThUS$ Legg Mason - Western Asset Institutional Cash Reserves 132,108 144,464 JP Morgan US dollar Liquidity Fund Institutional 133,809 143,333 Total 265,917 287,797 |
Disclosure of cash and cash equivalents by currency [Text Block] | As of December 31, 2018 and December 31, 2017, information on cash and cash equivalents by currency is detailed as follows: Original currency 12/31/2018 12/31/2017 ThUS$ ThUS$ Chilean Peso (*) 157,500 579 US Dollar 353,037 612,727 Euro 4,739 9,782 Mexican Peso 1,242 258 South African Rand 5,843 4,074 Japanese Yen 1,786 1,773 Peruvian Sol 7 8 Brazilian Real - 38 Chinese Yuan 2,305 1,143 Dírham United Arab Emirates 1 - Indian rupee 3 - Argentine Peso 2 1 Pound Sterling 3 55 Australian dollar 29,598 - Total 556,066 630,438 (*) The Company maintains financial derivative policies which allow to minimize the risk of the variation in Chilean pesos exchange rate . |
Disclosure of detailed information about short term deposits [Text Block] | The detail at the end of each period is as follows: 2018 Receiver of the deposit Type of deposit Original Currency Interest rate Placement date Expiration date Principal ThUS$ Interest accrued to-date ThUS$ 12/31/2018 ThUS$ Scotiabank Fixed term Ch$ 2.50 10/18/2018 1/16/2019 14,606 90 14,696 Banco Crédito e Inversiones Fixed term Ch$ 2.55 11/6/2018 1/9/2019 19,632 92 19,724 Scotiabank Fixed term Ch$ 2.55 11/30/2018 1/3/2019 14,393 38 14,431 Scotiabank Fixed term Ch$ 2.55 12/3/2018 1/3/2019 11,515 27 11,542 Itau-Corpbanca Fixed term Ch$ 2.50 12/3/2018 1/3/2019 14,393 34 14,427 Itau-Corpbanca Fixed term Ch$ 2.50 12/7/2018 1/9/2019 14,393 29 14,422 Itau-Corpbanca Fixed term Ch$ 2.50 12/10/2018 1/9/2019 12,954 23 12,977 Scotiabank Fixed term Ch$ 2.35 12/10/2018 1/9/2019 12,954 21 12,975 Itau-Corpbanca Fixed term US$ 3.06 12/11/2018 1/11/2019 1,300 2 1,302 Banco Estado Fixed term US$ 2.75 12/12/2018 1/15/2019 1,000 1 1,001 Itau-Corpbanca Fixed term Ch$ 2.50 12/14/2018 1/9/2019 14,392 20 14,412 Scotiabank Fixed term Ch$ 2.65 12/17/2018 1/17/2019 14,393 18 14,411 Scotiabank Fixed term Ch$ 2.60 12/17/2018 1/17/2019 10,892 13 10,905 Banco Crédito e Inversiones Fixed term US$ 2.93 12/17/2018 1/31/2019 1,400 2 1,402 Itau-Corpbanca Fixed term US$ 3.30 12/17/2018 1/31/2019 1,400 2 1,402 Itau-Corpbanca Fixed term US$ 3.40 12/17/2018 1/31/2019 3,000 4 3,004 Banco de Chile Fixed term US$ 3.06 12/17/2018 1/31/2019 1,700 2 1,702 Scotiabank Sud Americano Fixed term US$ 2.95 12/17/2018 1/31/2019 1,500 2 1,502 Banco de Chile Fixed term US$ 3.26 12/19/2018 1/31/2019 800 1 801 Banco Crédito e Inversiones Fixed term US$ 3.42 12/26/2018 2/26/2019 2,800 1 2,801 Banco de Chile Fixed term US$ 3.26 12/26/2018 2/26/2019 2,800 1 2,801 Scotiabank Sud Americano (*) Fixed term Ch$ 0.26 12/27/2018 1/7/2019 1,439 1 1,440 Scotiabank Sud Americano (*) Fixed term Ch$ 0.26 12/27/2018 1/14/2019 2,879 1 2,880 Scotiabank Sud Americano (*) Fixed term Ch$ 0.26 12/27/2018 1/21/2019 1,439 1 1,440 Banco Estado Fixed term US$ 3.15 12/28/2018 1/28/2019 2,000 1 2,001 Banco Estado Fixed term US$ 3.15 12/28/2018 1/28/2019 600 - 600 Banco de Chile Fixed term US$ 3.16 12/28/2018 1/28/2019 2,000 1 2,001 Banco Crédito e Inversiones Fixed term US$ 2.53 12/28/2018 1/8/2019 1,000 - 1,000 Banco Crédito e Inversiones Fixed term US$ 3.08 12/28/2018 1/28/2019 2,500 1 2,501 Banco Santander- Santiago Fixed term Ch$ 0.20 12/28/2018 1/4/2019 432 - 432 BBVA Banco Francés Fixed term US$ - 12/31/2018 1/21/2019 81 3 84 Nedbank On demand US$ - 12/31/2018 1/1/2019 647 - 647 Total 187,234 432 187,666 (*) Corresponds to monthly rate. 2017 Receiver of the deposit Type of deposit Original Currency Interest rate Placement date Expiration date Principal ThUS$ Interest accrued to-date ThUS$ 12/31/2017 ThUS$ Scotiabank Sud Americano Fixed term Ch$ 0.24 11/21/2017 1/02/2018 8,943 30 8,973 Banco Itau Chile Fixed term Ch$ 0.24 11/28/2017 1/02/2018 15,652 41 15,693 Banco Itau Chile Fixed term Ch$ 0.24 11/28/2017 1/02/2018 15,652 41 15,693 Banco BBVA Chile Fixed term Ch$ 0.23 11/28/2017 1/02/2018 15,652 40 15,692 Banco BBVA Chile Fixed term Ch$ 0.23 11/28/2017 1/02/2018 15,652 40 15,692 Banco Itau Chile Fixed term Ch$ 0.25 11/29/2017 2/27/2018 18,857 50 18,907 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/12/2017 1/11/2018 15,982 26 16,008 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/12/2017 1/11/2018 8,524 14 8,538 Banco Itau Chile Fixed term Ch$ 0.24 12/12/2017 1/11/2018 15,982 24 16,006 Banco Itau Chile Fixed term Ch$ 0.24 12/12/2017 1/11/2018 7,458 11 7,469 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/14/2017 1/16/2018 19,780 29 19,809 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/14/2017 1/16/2018 15,665 23 15,688 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/14/2017 1/16/2018 11,488 17 11,505 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/15/2017 1/16/2018 15,568 22 15,590 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/15/2017 1/16/2018 15,568 22 15,590 Banco Crédito e Inversiones Fixed term Ch$ 0.26 12/15/2017 1/16/2018 15,568 22 15,590 Banco BBVA Chile Fixed term Ch$ 0.24 12/29/2017 1/10/2018 4,107 1 4,108 Banco BBVA Chile Fixed term Ch$ 0.24 12/29/2017 1/10/2018 2,765 - 2,765 Banco Santander - Santiago Fixed term US$ 0.28 12/27/2017 1/18/2018 700 - 700 Banco Santander - Santiago Fixed term US$ 0.4 12/15/2017 2/13/2018 15,000 27 15,027 Banco Santander - Santiago Fixed term US$ 0.4 12/15/2017 2/13/2018 14,000 25 14,025 Corpbanca Fixed term Ch$ 0.22 12/28/2017 1/04/2018 1,301 - 1,301 Scotiabank Sud Americano Fixed term Ch$ 0.21 12/29/2017 1/05/2018 976 - 976 Scotiabank Sud Americano Fixed term Ch$ 0.21 12/29/2017 1/05/2018 569 - 569 Banco Santander - Santiago Fixed term US$ 2.45 12/06/2017 1/05/2018 3,500 6 3,506 Scotiabank Sud Americano Fixed term US$ 3.40 12/15/2017 1/16/2018 2,000 3 2,003 Banco BBVA Chile Fixed term US$ 2.80 12/26/2017 1/26/2018 2,200 1 2,201 Banco Crédito e Inversiones Fixed term US$ 2.3 12/27/2017 1/04/2018 2,300 1 2,301 Banco Santander - Santiago Fixed term US$ 2.88 12/27/2017 1/04/2018 2,300 1 2,301 Banco BBVA Chile Fixed term US$ 2.80 12/27/2017 1/04/2018 1,400 - 1,400 BBVA Banco Francés Fixed term US$ 0.19 12/11/2017 1/31/2018 163 - 163 Nedbank On demand US$ - 12/01/2017 1/31/2018 3,686 - 3,686 ABN Amro Bank Fixed term US$ - 12/31/2017 1/02/2018 1,439 - 1,439 Total 290,397 517 290,914 |
Disclosure of reconciliation of liabilities arising from financing activities [text block] | This section sets out an analysis of net debt and the movements in net debt for each of the periods presented. Net debt 12/31/2018 12/31/2017 ThUS$ ThUS$ Cash and cash equivalents 556,066 630,438 Other current financial assets 312,721 366,979 Other non-current financial hedge assets 13,425 8,910 Borrowings - repayable within one year (including overdraft) (23,585 ) (220,328 ) Borrowings - repayable after one year (1,330,382 ) (1,031,507 ) Net debt (471,755 ) (245,508 ) Cash and liquid investments 882,212 1,006,327 Gross debt - fixed interest rates (1,353,967 ) (1,251,835 ) Net debt (471,755 ) (245,508 ) Foreign Other inflows currency Repayment of Proceeds from (outflows) of translation 12/31/2017 borrowings borrowings cash Hedging effects differences Other 12/31/2018 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current financial liabilities and non-current (1,251,835 ) 213,000 (376,039 ) - 23,092 39,520 (1,704 ) (1,353,967 ) Cash and cash equivalents 630,438 - - (49,478 ) - (24,894 ) - 556,066 Other current financial assets 375,889 - - (69,151 ) 19,408 - - 326,146 Net Debt (245,508 ) 213,000 (376,039 ) (118,629 ) 42,500 14,626 (1,704 ) (471,755 ) |
Inventories (Table)
Inventories (Table) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Inventories Explanatory [Abstract] | |
Disclosure of detailed information about inventories [Text Block] | The composition of inventory at each period-end is as follows: Type of inventory 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Raw material reserves 6,764 9,364 7,536 Supplies for production reserves 26,840 22,257 23,610 Products-in-progress reserves 423,621 456,333 482,261 Finished product reserves 456,449 414,120 479,665 Total 913,674 902,074 993,072 |
Disclosure of information about inventory reserves [Text Block] | The breakdown of inventory reserves is detailed as follows: Type of inventory 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Raw material reserves 1,838 93 93 Supplies for production - - 920 Products-in-progress reserves 82,673 80,249 50,925 Finished product reserves 20,771 15,942 29,357 Total 105,282 96,284 81,295 |
Disclosure of movements in provisions for inventories [Text Block] | As of December 31, 2018 and, 2017, movements in provisions are detailed as follows: Conciliation 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Beginning balance 96,284 81,295 80,369 Increase in Lower Value (1) 7,845 19,515 2,255 Additional Provision Differences of Inventory. ( 2 ) 3,176 573 6,071 Increase / Decrease eventual differences and others ( 3 ) 2,436 (178 ) (6,339 ) Provision Used (4,459 ) (4,921 ) (1,061 ) Total changes 8,998 14,989 926 Final balance 105,282 96,284 81,295 (1) There are three types of Lower Value Provisions: Economic Realizable Lower Value, Potential Inventory with Uncertain Future Use and Reprocessing Costs of Off-Specification Products. (2) Provisions for Inventory Differences generated when physical differences are detected when taking inventory, which exceed the tolerance levels for this process. At least two annual inventories are taken in the production sites and in the port in Chile (“zero sum” systems have immediate potential adjustments). (3) This algorithm corresponds to diverse provision percentages based on the complexity in the measurement and rotation of stock, as well as standard differences based on previous profit and loss, as is the case with provisions in Commercial Offices. |
Related party disclosures (Tabl
Related party disclosures (Table) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Related Party Explanatory [Abstract] | |
Disclosure of detailed information about related parties [Text Block] | As of December 31, 2018 and December 31, 2017, the detail of entities that are related parties of the SQM S.A. Group is as follows: Tax ID No. Name Country of origin Functional currency Nature Foreign Nitratos Naturais Do Chile Ltda. Brazil US$ Subsidiary Foreign Nitrate Corporation Of Chile Ltd. United Kingdom US$ Subsidiary Foreign SQM North America Corp. United States US$ Subsidiary Foreign SQM Europe N.V. Belgium US$ Subsidiary Foreign Soquimich S.R.L. Argentina Argentina US$ Subsidiary Foreign Soquimich European Holding B.V. The Netherlands US$ Subsidiary Foreign SQM Corporation N.V. The Netherlands US$ Subsidiary Foreign SQI Corporation N.V. The Netherlands US$ Subsidiary Foreign SQM Comercial De México S.A. de C.V. Mexico US$ Subsidiary Foreign North American Trading Company United States US$ Subsidiary Foreign Administración y Servicios Santiago S.A. de C.V. Mexico US$ Subsidiary Foreign SQM Peru S.A. Peru US$ Subsidiary Foreign SQM Ecuador S.A. Ecuador US$ Subsidiary Foreign SQM Nitratos Mexico S.A. de C.V. Mexico US$ Subsidiary Foreign SQMC Holding Corporation L.L.P. United States US$ Subsidiary Foreign SQM Investment Corporation N.V. The Netherlands US$ Subsidiary Foreign SQM Brasil Limitada Brazil US$ Subsidiary Foreign SQM France S.A. France US$ Subsidiary Foreign SQM Japan Co. Ltd. Japan US$ Subsidiary Foreign Royal Seed Trading Corporation A.V.V. Aruba US$ Subsidiary Foreign SQM Oceania Pty Limited Australia US$ Subsidiary Foreign Rs Agro-Chemical Trading Corporation A.V.V. Aruba US$ Subsidiary Foreign SQM Indonesia S.A. Indonesia US$ Subsidiary Foreign SQM Virginia L.L.C. United States US$ Subsidiary Foreign SQM Italia SRL Italy US$ Subsidiary Foreign Comercial Caiman Internacional S.A. Panama US$ Subsidiary Foreign SQM Africa Pty Ltd, South Africa US$ Subsidiary Foreign SQM Colombia SAS Colombia US$ Subsidiary Foreign SQM Internacional N.V. Belgium US$ Subsidiary Foreign SQM (Shanghai) Chemicals Co. Ltd. China US$ Subsidiary Foreign SQM Lithium Specialties LLC United States US$ Subsidiary Foreign SQM Iberian S.A. Spain US$ Subsidiary Foreign SQM Beijing Commercial Co. Ltd. China US$ Subsidiary Foreign SQM Thailand Limited Thailand US$ Subsidiary Foreign SQM Australia PTY Australia Australian dollar Subsidiary Foreign SACAL S.A. Argentina Argentine peso Subsidiary 96,801,610-5 Comercial Hydro S.A. Chile US$ Subsidiary 96,651,060-9 SQM Potasio S.A. Chile US$ Subsidiary 96,592,190-7 SQM Nitratos S.A. Chile US$ Subsidiary 96,592,180-K Ajay SQM Chile S.A. Chile US$ Subsidiary 86,630,200-6 SQMC Internacional Ltda. Chile Chilean peso Subsidiary 79,947,100-0 SQM Industrial S.A. Chile US$ Subsidiary 79,906,120-1 Isapre Norte Grande Ltda. Chile Chilean peso Subsidiary 79,876,080-7 Almacenes y Depósitos Ltda. Chile Chilean peso Subsidiary 79,770,780-5 Servicios Integrales de Tránsitos y Transferencias S.A. Chile US$ Subsidiary 79,768,170-9 Soquimich Comercial S.A. Chile US$ Subsidiary 79,626,800-K SQM Salar S.A. Chile US$ Subsidiary 78,053,910-0 Proinsa Ltda. Chile Chilean peso Subsidiary As of December 31, 2018 and December 31, 2017, the detail of entities that are related parties of the SQM S.A.: Group is as follows: Tax ID No, Name Country of origin Functional currency Nature 76,534,490-5 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. Chile Chilean peso Subsidiary 76,425,380-9 Exploraciones Mineras S.A. Chile US$ Subsidiary 76,064,419-6 Comercial Agrorama Ltda. Chile Chilean peso Subsidiary 76,145,229-0 Agrorama S.A. Chile Chilean peso Subsidiary 76,359,919-1 Orcoma Estudios SPA Chile US$ Subsidiary 76,360,575-2 Orcoma SPA Chile US$ Subsidiary 76,686,311-9 SQM MaG SpA Chile US$ Subsidiary Foreign Abu Dhabi Fertilizer Industries WWL Arab Emirates Arab Emirates dirham Associate Foreign Doktor Tarsa Tarim Sanayi AS Turkey US$ Associate Foreign Ajay North America United States US$ Associate Foreign Ajay Europe SARL France Euro Associate Foreign SQM Eastmed Turkey Turkey Euro Associate Foreign Charlee SQM Thailand Co. Ltd. (1) Thailand Thai baht Associate Foreign Kore Potash Ltd. Australia US$ Associate Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. China US$ Joint venture Foreign Coromandel SQM India India Indian rupee Joint venture Foreign SQM Vitas Fzco. Arab Emirates Arab Emirates dirham Joint venture Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. China US$ Joint venture Foreign SQM Vitas Holland B.V. Dutch Antilles Euro Joint venture Foreign Minera Exar S.A. (2) Argentina US$ Joint venture Foreign Covalent Lithium Pty Ltd. Australia Australian dollar Joint venture Foreign Pavoni & C, SPA Italy Euro Joint venture 96,511,530-7 Sociedad de Inversiones Pampa Calichera Chile US$ Other related parties 96,529,340-k Norte Grande S.A. Chile Chilean peso Other related parties 79,049,778-9 Callegari Agricola S.A. Chile Chilean peso Other related parties Foreign SQM Vitas Brazil Agroindustria (3) Brazil US$ Other related parties Foreign SQM Vitas Peru S.A.C. (3) Peru US$ Other related parties Foreign Terra Tarsa B.V. (4) Holland Euro Other related parties Foreign Plantacote N.V (4) Belgium Euro Other related parties Foreign Doktolab Tarim Arastima San. Tic As (4) Turkey Turkish Lira Other related parties Foreign Terra Tarsa Ukraine LLC (4) Ukraine Ukrainian Grivna Other related parties Foreign Terra Tarsa Don LLC (4) Russian Federation Russian ruble Other related parties Foreign Abu Dhabi Fertilizer Industries WLL Oman United Arab Emirates dirham Other related parties Foreign Internacional Technical and Trading Agencies CO WLL (5) Jordan United Arab Emirates dirham Other related parties Foreign Arpa Speciali S.R.L (6) Italy Euro Other related parties (1) During the month of November 2018, the stake held in Charlee SQM Thailand Co. Ltd. was sold. (2) During the month of December 2018, the stake held in Minera Exar S.A. was sold. (3) These Companies are subsidiaries of the SQM Vitas Fzco joint venture. (4) These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. (5) These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL (6) These companies are subsidiaries of the joint venture Pavoni & C, SPA TAX ID No. Name Country of Origin Functional currency Relationship N/A Ara Dos Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ara Tres Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ara Cuatro Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ara Cinco Primera del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Curicó Dos Primera del Salar de Pampa Alta, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Curicó Tres Primera del Sector de Pampa Alta, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Evelyn Veinticuatro Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Filomena Tres Primera de Oficina Filomena, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Filomena Cuatro Primera de Oficina Filomena, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Primera de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Segunda del Salar de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Tercera de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Cuarta de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Cuatro Quinta de Pampa Blanca, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Primera del Salar de Pampa Blanca de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Segunda del Salar de Pampa Blanca de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Francis Tercera del Salar de Pampa Blanca de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ivon Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ivon Décima Segunda de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Ivon Sexta de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Julia Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Lorena Trigésimo Quinta de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Perseverancia Primera de Sierra Gorda (*) Chile Chilean peso Other related parties N/A Tamara 40 Primera del Sector S.E. OF. Concepción, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Tamara Tercera de Oficina Concepción, Sierra Gorda (*) Chile Chilean peso Other related parties N/A Tamara 40 Segunda del Sector S.E. OF Concepción, Sierra Gorda (*) Chile Chilean peso Other related parties (*) Correspond to Mining Contractual Societies |
Disclosure of transactions between related parties [text block] | As of December 31, 2018, 2017 and 2016, the detail of significant transactions with related parties is as follows: Tax ID No, Company Nature Country of origin Transaction 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Foreign Doktor Tarsa Tarim Sanayi As Associate Turkey Sale of products 16,726 17,538 11,619 Foreign Ajay Europe S.A.R.L. Associate France Sale of products 19,470 15,706 17,977 Foreign Ajay Europe S.A.R.L. Associate France Dividends 811 969 1,338 Foreign Ajay North America LLC. Associate United States Sale of products 16,810 13,206 12,865 Foreign Ajay North America LLC. Associate United States Dividends 2,807 1,123 2,605 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Sale of products 5,811 4,351 8,312 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Dividends 5,641 - - Foreign Charlee SQM Thailand Co. Ltd. (1) Associate Thailand Sale of products 4,960 5,102 3,798 Foreign Charlee SQM Thailand Co. Ltd. (1) Associate Thailand Dividends 362 - - 77.557.430-5 Sales de Magnesio Ltda. Associate Chile Sale of products - 45 - Foreign Kowa Company Ltd. (3) Other related parties Japan Sale of products - 132,495 91,678 Foreign SQM Vitas Brasil Agroindustria Joint control or significant influence Brazil Sale of products 44,827 31,137 17,686 Foreign SQM Vitas Peru S.A.C. Joint control or significant influence Peru Sale of products 17,204 23,058 22,090 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates Sale of products - 85 965 Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. Joint venture China Sale of products - - 9,950 Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. Joint venture China Sale of services - 252 257 Foreign Coromandel SQM India Joint venture India Sale of products 7,696 8,011 4,630 Foreign SQM Vitas Spain Joint venture Spain Sale of products - - 5,528 Foreign SQM Vitas Plantacote B.V. Joint venture Netherlands Sale of products - - 49 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China Sale of products - 200 166 Foreign SQM Vitas Holland B.V. Joint venture Holland Sale of products - - 634 79.049.778-9 Callegari Agrícola S.A. Other related parties Chile Sale of products - 210 44 Foreign Minera Exar S.A. (2) Joint venture Argentina Loans - 11,000 - Foreign Terra Tarsa Ukraine LLC Associate Turkey Sale of services 1,674 1,218 - Foreign Terra Tarsa Don LLC Associate Russian Federation Sale of products 187 423 - Foreign Plantacote N.V. Associate Belgium Sale of products 4,554 2,108 - Foreign SQM eastmed Turkey Associate Turkey Sale of products 30 - - Foreign Pavoni & C., SpA Joint venture Italy Sale of products 201 - - Foreing Arpa Speciali S.R.L Other related parties Italy Sale of products 207 - - Total 149,978 268,237 212,191 (1) As of November 2018, the ownership interest in Charlee SQM Thailand Co. Ltd. was sold. (2) During the month of December 2018, the stake held in Minera Exar S.A. was sold. (3) As of December 31, 2018, Kowa Company Ltd. is not considered a related party. |
Disclosure of amounts receivable from related parties [Text Block] | Transactions between the Company, its subsidiaries, joint ventures and other related parties are considered customary transactions. In addition, they have been eliminated upon consolidation and are not disclosed in this note. Tax ID N° Company Nature Country of origin Currency 12/31/2018 12/31/2017 ThUS$ ThUS$ Foreign Charlee SQM Thailand Co. Ltd(1) Associate Thailand US$ - 1,204 Foreign Ajay Europe S.A.R.L. Associate France Euro 3,756 4,689 Foreign Ajay North America LLC. Associate United States US$ 2,079 2,005 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Arab Emirates dirham 857 73 Foreign Kowa Company Ltd.(1) Jointly controlled entity Japan US$ - 5,008 96.511.530-7 Soc.de Inversiones Pampa Calichera Jointly controlled entity Chile US$ 6 6 Foreign SQM Vitas Brasil Agroindustria Joint venture Brazil US$ 15,818 17,293 Foreign SQM Vitas Peru S.A.C. Joint venture Peru US$ 12,768 13,766 Foreign Coromandel SQM India Joint venture India Indian rupee 2,025 3,804 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates Emirates dirham 105 - Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China US$ 248 50 Foreign Plantacote N.V. Associate Belgium Euro 312 190 Foreign Terra Tarsa Don LLC Associate Russian Federation Russian ruble 41 44 Foreign Minera Exar S.A. (2) Joint venture Argentina US$ - 11,000 Foreign SQM Eastmed Turkey Associate Turkey Euro 30 - Foreing SQM Pavoni & C. SPA Joint venture Italy Euro 12 - Foreign Doktor Tarsa Tarim Sanayi As Joint venture Turkey US$ 6,497 - Total 44,554 59,132 (1) As of November 2018, the ownership interest in Charlee SQM Thailand Co. Ltd. sold. (2) During the month of December 2018, the stake held in Minera Exar S.A. The accounts receivable presented are net of provision (provision for 2018 ThUS$ 10,966 and 2017 for ThUS $ 14,125, see Note 13.2) |
Disclosure of amounts payable to related parties [Text Block] | 12.5 Trade payables due to related parties, current: Tax ID No. Company Nature Country of origin Currency 12/31/2018 ThUS$ 12/31/2017 ThUS$ Foreign Doktor Tarsa Tarim Sanayi AS Associate Turkey YTL - 11 Foreign Terra Tarsa Ukraine LLC Other related parties Ukraine Ukrainian Grivna - 7 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China US$ - 725 Foreign Sichuan SQM Migao Chemical Fertilizers Co Ltda. Joint venture China US$ - 584 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates Arab Emirates dirham - 38 Foreign Covalent Lithium Pty Ltd Associate Australia Australian dollar 9 - Current Total 9 1,365 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Financials instruments [Abstract] | |
Disclosure of detailed information about other financial assets [Text Block] | Financial instruments are detailed as follows: 13.1 Types of other financial assets Description of other financial assets 12/31/2018 ThUS$ 12/31/2017 ThUS$ Financial assets at amortized cost (1) 291,790 360,941 Derivative financial instruments - For hedging 18,238 - - At fair value through profit or loss (2) 2,693 6,038 Total other current financial assets 312,721 366,979 Investments classified as available for sale at fair value through profit or loss - 9,179 Financial assets at fair value through other comprehensive income 3,631 - Derivative financial instruments - For hedging 13,425 8,910 Financial assets at amortized cost (3) 75 24,790 Total other non-current financial assets 17,131 42,879 (1) Corresponds to term deposits whose maturity date is greater than 90 days and less than 360 days from the investment date constituted in the following financial institutions: (2) Correspond to forwards and options that were not classified as hedging instruments (See detail in Note 13.3). (3) SQM Potassium S.A. contributed ThUS$24,745 to Western Australia Lithium (WAL). As of December 31, 2017, this had not been legally incorporated as a Company and the funds remained in trust pending transfer to WAL. |
Disclosure of detailed information about other current financial assets [Text Block] | Institution 12/31/2018 ThUS$ 12/31/2017 ThUS$ Banco Santander 23,124 163,269 Banco de Crédito e Inversiones 145,834 71,748 Banco Itaú-Corpbanca 70,719 77,527 Banco Security 27,215 28,592 Scotiabank Sud Americano 24,898 13,764 Banco Chile - 4,834 Banco BBVA Chile - 1,207 Total 291,790 360,941 |
Disclosure of trade and other receivables [text block] | 13.2 Trade and other receivables 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$$ ThUS$ Trade receivables 429,150 - 429,150 412,321 - 412,321 Prepayments 16,147 - 16,147 16,177 - 16,177 Other receivables 19,558 2,275 21,833 18,377 1,912 20,289 Total trade and other receivables 464,855 2,275 467,130 446,875 1,912 448,787 12/31/2018 12/31/2017 Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Receivables related to credit operations, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Trade receivables, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Prepayments, current 16,990 (843 ) 16,147 16,877 (700 ) 16,177 Other receivables, current 23,863 (4,305 ) 19,558 23,409 (5,032 ) 18,377 Current trade and other receivables 40,853 (5,148 ) 35,705 40,286 (5,732 ) 34,554 Other receivables, non-current 2,275 - 2,275 1,912 - 1,912 Non-current receivables 2,275 - 2,275 1,912 - 1,912 Total trade and other receivables 488,798 (21,668 ) 467,130 469,598 (20,811 ) 448,787 |
Disclosure of detailed information about trade and other receivables [Text Block] | 12/31/2018 12/31/2017 Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Receivables related to credit operations, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Trade receivables, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Prepayments, current 16,990 (843 ) 16,147 16,877 (700 ) 16,177 Other receivables, current 23,863 (4,305 ) 19,558 23,409 (5,032 ) 18,377 Current trade and other receivables 40,853 (5,148 ) 35,705 40,286 (5,732 ) 34,554 Other receivables, non-current 2,275 - 2,275 1,912 - 1,912 Non-current receivables 2,275 - 2,275 1,912 - 1,912 Total trade and other receivables 488,798 (21,668 ) 467,130 469,598 (20,811 ) 448,787 |
Disclosure of financial assets that are either past due or impaired [text block] | As of December 31, 2018 the detail of the uncollateralized portfolio is as follows: 2018 Total uncollateralized portfolio Past due segments Number of customers non- renegotiated portfolio Gross non- renegotiated portfolio ThUS$ Number of customers renegotiated portfolio Gross renegotiated portfolio ThUS$ Current 1,429 403,805 136 668 1-30 days 1,284 17,899 390 596 31-60 days 940 8,063 154 118 61-90 days 661 2,147 41 75 91-120 days 498 1,210 27 47 121-150 days 85 385 16 29 151-180 days 49 177 21 176 181-210 days 14 1,289 41 231 211-250 days 12 107 101 242 >250 days 1,756 7,258 305 1,148 Total 6,728 442,340 1,232 3,330 As of December 31, 2017 the detail of the uncollateralized portfolio is as follows: 2017 Total uncollateralized portfolio Past due segments Number of customers non- renegotiated portfolio Gross non- renegotiated portfolio ThUS$ Number of customers renegotiated portfolio Gross renegotiated portfolio ThUS$ Current 3,039 344,802 23 706 1-30 days 1,598 41,510 376 924 31-60 days 824 8,813 130 272 61-90 days 756 3,740 50 119 91-120 days 548 7,367 22 54 121-150 days 182 2,914 22 56 151-180 days 443 5,602 45 75 181-210 days 365 4,470 27 45 211-250 days 682 112 29 138 >250 days 1,837 3,050 350 2,631 Total 10,274 422,380 1,074 5,020 |
Disclosure of detailed information about expected credit exposure of accounts receivable based on aging analysis [Table Text Block] | Accounts Receivable 1 to 30 31 to 60 61 to 90 Over 90 Total 2018 Current days days days days ThUS$ Expected Loss Rate 0 % 0 % 87 % 100 % 100 % Total Gross Book Value 404,473 18,495 8,181 2,222 12,299 445,670 Deterioration Estimate - - 7,147 2,222 12,299 21,668 Accounts Receivable 1 to 30 31 to 60 61 to 90 Over 90 Total 2017 Current days days days days ThUS$ Expected Loss Rate 0 % 0 % 0 % 27 % 74 % Total Gross Book Value 345,508 42,434 9,085 3,859 26,514 427,400 Deterioration Estimate - - - 1,061 19,750 20,811 |
Disclosure of detailed information about movement in provision of trade receivables [Table Text Block] | As of December 31, 2018 and December 31, 2017, movements in provisions are as follows : 12/31/2018 12/31/2017 ThUS$ ThUS$ Provision Impairment Accounts receivable at the beginning of the Period 34,936 31,616 Adjustment to Starting Balance through New Model Calculations (IFRS 9) 2,301 - Increase / (decrease) impairment of accounts receivable for the period to profit and loss (2,967 ) 8,037 Use of Provision Applied to Accounts Receivable (1,636 ) (4,717 ) Impairment of Accounts Receivable Provision at the Star of the Period (1)+(2) 32,634 34,936 (1) Trade and Other Receivables Provision 21,668 20,811 (2) Current Related Party Receivables Provision 10,966 14,125 Recovery of Insurance 827 126 Impairment of Accounts Receivable Provision 32,634 34,936 Renegotiated Provision 2,056 2,580 Non-renegotiated Provision 30,578 32,356 |
Disclosure of allowance for credit losses [text block] | Hedging assets with underlying debt Derivative instruments (Fwds) Effect on profit or loss for the period Derivative instruments Hedging reserve in gross equity Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 13,516 (3,004 ) 8,256 - 8,256 Hedging liabilities with underlying debt Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in gross equity Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 (17,318 ) 16,636 1,541 - 1,541 Hedging assets with underlying investments Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in gross equity Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 18,146 19,911 (1,765 ) - (1,765 ) Hedging assets with underlying debt Derivative instruments (Fwds) Effect on profit or loss for the period Derivative instruments Hedging reserve in gross equity Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 8,910 5,641 2,170 - 2,170 Hedging liabilities with underlying debt Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in gross equity Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 17,128 33,696 41 - 41 Hedging liabilities with underlying investments Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in gross equity Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 (20,159 ) (20,256 ) 97 - 97 |
Disclosure of maturity analysis for derivative financial liabilities [text block] | Derivative contract maturities are detailed as follows: Series Contract amount Currency Maturity date ThUS$ H 155,214 UF 01/05/2023 O 58,748 UF 02/01/2022 P 134,228 UF 01/15/2028 |
Disclosure of financial liabilities [text block] | As of December 31, 2018 and December 31, 2017, the detail is as follows: 31/12/2018 31/12/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Liabilities at amortized cost - Bank borrowings 300 68,870 69,170 163,568 - 163,568 - Obligations with the public (bonds) 15,145 1,249,479 1,264,624 13,494 1,031,507 1,045,001 Derivative financial instruments - For hedging 5,285 12,033 17,318 37,287 - 37,287 - At fair value through profit or loss 2,855 - 2,855 5,979 - 5,979 Total 23,585 1,330,382 1,353,967 220,328 1,031,507 1,251,835 |
Disclosure of detailed information about borrowings [text block] | As of December 31, 2018 and December 31, 2017, the detail is as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Long-term bank borrowings 68,870 - Short-term bank borrowings - 163,568 Current portion of long-term loans 300 - Short-term borrowings and current portion of long-term borrowings 69,170 163,568 Total bank borrowings 69,170 163,568 |
Disclosure of detailed information about short term borrowings [Text Block] | As of December 31, 2018 and December 31, 2017, the detail of this caption is as follows: Currency or Nominal Debtor Creditor adjustment Effective rate Tax ID No Company Country Tax ID No, Financial institution Country index Repayment Vencimiento rate 93,007,000-9 SQM.S.A. Chile 0-E Scotiabank Cayman USA US$ Upon maturity 05/29/2023 3.60 % 3.98 % Foreign Nitratos Naturais do Chile Lim Brazil 0-E Banco ITAU Brasil Brasil BRL Upon maturity 01/31/2019 5.17 % 5.17 % Foreign SQM Brasil Limitada Brazil 0-E Banco ITAU Brasil Brasil BRL Upon maturity 01/31/2019 5.5 % 5.5 % 12/31/2018 12/31/2018 Debtor Creditor Nominal amounts Current amounts Company Financial institution Up to 90 days ThUS$ 90 days to 1 year ThUS$ Total ThUS$ Up to 90 days ThUS$ 90 days to 1 year ThUS$ Subtotal ThUS$ Borrowing costs ThUS$ Total ThUS$ SQM S.A. Scotiabank Cayman - - - - 248 248 - 248 Nitratos Naturais do Chile Lim Banco ITAU Brasil - - - 11 - 11 - 11 SQM Brasil Limitada Banco ITAU Brasil - - - 41 - 41 - 41 Total - - - 52 248 300 - 300 Debtor Creditor Currency or Adjustment index Repayment Effective rate Nominal rate Tax ID No Company Country Tax ID No, Financial institution Country 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.63 % 1.63 % 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.73 % 1.73 % 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.73 % 1.73 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.64 % 1.64 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.67 % 1.67 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.67 % 1.67 % 79,626,800-K SQM Salar S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.91 % 1.91 % 79,626,800-K SQM Salar S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.94 % 1.94 % 79,947,100-0 SQM Industrial S.A. CHILE 97,030,000-7 Banco Estado CHILE US$ Upon maturity 1.74 % 1.74 % 79,947,100-0 SQM Industrial S.A. CHILE 97,030,000-7 Banco Estado CHILE US$ Upon maturity 1.65 % 1.65 % 12/31/2017 12/31/2017 Debtor Creditor Nominal amounts Current amounts Company Financial institution Up to 90 days ThUS$ 90 days to 1 year ThUS$ Total ThUS$ Up to 90 days ThUS$ 90 days to 1 year ThUS$ Subtotal ThUS$ Borrowing costs ThUS$ Total ThUS$ SQM S.A. Scotiabank Sud Americano - 20,000 20,000 - 20,137 20,137 - 20,137 SQM S.A. Scotiabank Sud Americano - 17,000 17,000 - 17,140 17,140 - 17,140 SQM S.A. Scotiabank Sud Americano - 3,000 3,000 - 3,025 3,025 - 3,025 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM Salar S.A. Banco Estado - 20,000 20,000 - 20,071 20,071 - 20,071 SQM Salar S.A. Scotiabank Sud Americano - 20,000 20,000 - 20,072 20,072 - 20,072 SQM Industrial S.A. Banco Estado - 20,000 20,000 - 20,064 20,064 - 20,064 SQM Industrial S.A. Banco Estado 18,000 - 18,000 18,026 - 18,026 - 18,026 Total 63,000 100,000 163,000 63,059 100,509 163,568 - 163,568 |
Disclosure of detailed information about current maturities of unsecured obligations [Text Block] | As of December 31, 2018 and December 31, 2017, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds, as follows: Bonds Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93,007,000-9 SQM S.A. CHILE - MMUS$250 4/21/2019 US$ Semiannual Upon maturity 0.95 % 5,50 % 93,007,000-9 SQM S.A. CHILE - MMUS$250 1/28/2019 US$ Semiannual Upon maturity 2,75 % 4,38 % 93,007,000-9 SQM S.A. CHILE - MMUS$300 4/03/2019 US$ Semiannual Upon maturity 1,77 % 3,63 % 93,007,000-9 SQM S.A. CHILE 564 H 1/05/2019 UF Semiannual Semiannual 1,90 % 4,90 % 93,007,000-9 SQM S.A. CHILE 699 O 2/01/2019 UF Semiannual Upon maturity 2,60 % 3,80 % 93,007,000-9 SQM S.A. CHILE 563 P 1/15/2019 UF Semiannual Upon maturity 3,07 % 3,25 % 93.007.000-9 SQM S.A. Chile 700 Q 6/01/2019 UF Semiannual Upon maturity 3,34 % 3,45 % 12/31/2018 12/31/2018 Nominal maturities Current maturities Company Country Series Up to 90 days 91 days to 1 year Total Up to 90 days 91 days to 1 year Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. CHILE ThUS$250,000 2,674 - 2,674 2,674 - 2,674 (386 ) 2,288 SQM S.A. CHILE ThUS$250,000 - 4,648 4,648 - 4,648 4,648 (433 ) 4,215 SQM S.A. CHILE ThUS$300,000 2,658 - 2,658 2,658 - 2,658 (614 ) 2,044 SQM S.A. CHILE H - 3,756 3,756 - 3,756 3,756 (139 ) 3,617 SQM S.A. CHILE O - 934 934 - 934 934 (67 ) 867 SQM S.A. CHILE P - 1,784 1,784 - 1,784 1,784 (12 ) 1,772 SQM S.A. CHILE Q 342 - 342 342 - 342 - 342 Total 5,674 11,122 16,796 5,674 11,122 16,796 (1,651 ) 15,145 Effective rates of bonds in Chilean pesos and UF are expressed and calculated in U.S. dollars based on the flows agreed in Cross Currency Swap Agreements. Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93,007,000-9 SQM S.A. CHILE - ThUS$250,000 04/21/2018 US$ Semiannual Upon maturity 1.47 % 5.50 % 93,007,000-9 SQM S.A. CHILE - ThUS$250,000 01/28/2018 US$ Semiannual Upon maturity 3.17 % 4.38 % 93,007,000-9 SQM S.A. CHILE - ThUS$300,000 04/03/2018 US$ Semiannual Upon maturity 2.12 % 3.63 % 93,007,000-9 SQM S.A. CHILE 564 H 01/05/2018 UF Semiannual Semiannual 2.18 % 4.90 % 93,007,000-9 SQM S.A. CHILE 699 O 02/01/2018 UF Semiannual Upon maturity 2.80 % 3.80 % 12/31/2017 12/31/2017 Nominal maturities Current maturities Company Country Series Up to 90 days 91 days to 1 year Total Up to 90 days 91 days to 1 year Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. CHILE ThUS$250,000 - - - - 2,674 2,674 (385 ) 2,289 SQM S.A. CHILE ThUS$250,000 - - - 4,648 - 4,648 (433 ) 4,215 SQM S.A. CHILE ThUS$300,000 - - - - 2,658 2,658 (615 ) 2,043 SQM S.A. CHILE H - - - 4,127 - 4,127 (139 ) 3,988 SQM S.A. CHILE O - - - 1,026 - 1,026 (67 ) 959 Total - - - 9,801 5,332 15,133 (1,639 ) 13,494 |
Disclosure of detailed information about non current maturities of unsecured obligations [Text Block] | The following table shows the details of bank loans that accrue non-current interest as of December 31, 2018. As of December 31, there were no loans: Debtor Creditor Currency or adjustment index Type of amortization Effective rate Nominal rate Chilean Tax ID Company Country Chilean Tax ID Financial institution Country 93,007,000-9 SQM.S.A. Chile 0-E Scotiabank Cayman USA USD Maturity 3.98% 3.98% 12/31/2018 12/31/2018 Creditor Creditor Nominal non-current maturities Non-current maturities Company Financial institution Between 1 and 2 ThUS$ Between 2 and 3 ThUS$ Between 3 and 4 ThUS$ Total ThUS$ Between 1 and 2 ThUS$ Between 2 and 3 ThUS$ Between 3 and 4 ThUS$ Subtotal ThUS$ Costs of obtaining loans ThUS$ Total ThUS$ SQM S.A. Scotiabank Cayman - 70,000 70,000 - - 70,000 70,000 (1,130 ) 68,870 Total - - 70,000 70,000 - - 70,000 70,000 (1,130 ) 68,870 The breakdown of non-current unsecured interest-bearing bonds as of December 31, 2018 and December 31, 2017 is detailed as follows: Periodicity Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. CHILE - ThUS$250,000 04/21/2020 US$ Semiannual Upon maturity 5.50 % 5.50 % 93.007.000-9 SQM S.A. CHILE - ThUS$250,000 01/28/2025 US$ Semiannual Upon maturity 4.38 % 4.38 % 93.007.000-9 SQM S.A. CHILE - ThUS$300,000 04/03/2023 US$ Semiannual Upon maturity 3.63 % 3.63 % 93.007.000-9 SQM S.A. CHILE 564 H 01/05/2030 UF Semiannual Semiannual 4.90 % 4.90 % 93.007.000-9 SQM S.A. CHILE 699 O 02/01/2033 UF Semiannual Upon maturity 3.80 % 5.50 % 93.007.000-9 SQM S.A. CHILE 563 P 01/15/2028 UF Semiannual Upon maturity 3.25 % 3.25 % 93.007.000-9 SQM S.A. CHILE 700 Q 06/01/2038 UF Semiannual Upon maturity 3.45 % 3.45 % Nominal non-current maturities 12/31/2018 Non-current maturities 12/31/2018 Series Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Total Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ MUS$250 250,000 - - - - 250,000 250,000 - - - - 250,000 (131 ) 249,869 MUS$250 - - - - 250,000 250,000 - - - - 250,000 250,000 (2,202 ) 247,798 MUS$300 - - 300,000 - - 300,000 - - 300,000 - - 300,000 (2,006 ) 297,994 H - - - - 158,704 158,704 - - - - 158,704 158,704 (1,392 ) 157,312 O - - - - 59,514 59,514 - - - - 59,514 59,514 (878 ) 58,636 P - - - - 119,028 119,028 - - - - 119,028 119,028 (101 ) 118,927 Q - - - - 119,028 119,028 - - - - 119,028 119,028 (85 ) 118,943 Total 250,000 - 300,000 - 706,274 1,256,274 250,000 - 300,000 - 706,274 1,256,274 (6,795 ) 1,249,479 As of December 31, 2018 and December 31, 2017, the breakdown of unsecured interest-bearing liabilities, non-current is as follows: Periodicity Tax ID No, Company Country Number of registration or ID of the instrument Series Maturity date Currency or Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. CHILE - MMUS$250 04/21/2020 US$ Semiannual Upon maturity 5.50 % 5.50 % 93.007.000-9 SQM S.A. CHILE - MMUS$250 01/28/2025 US$ Semiannual Upon maturity 4.38 % 4.38 % 93.007.000-9 SQM S.A. CHILE - MMUS$300 04/03/2023 US$ Semiannual Upon maturity 3.63 % 3.63 % 93.007.000-9 SQM S.A. CHILE 564 H 01/05/2030 UF Semiannual Semiannual 4.90 % 6.01 % 93.007.000-9 SQM S.A. CHILE 699 O 01/02/2033 UF Semiannual Upon maturity 3.80 % 3.80 % Nominal non-current maturities 12/31/2017 Non-current maturities 12/31/2017 Series Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Total Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ MUS$250 250,000 - - - - 250,000 250,000 - - - - 250,000 (517 ) 249,483 MUS$250 - - - - 250,000 250,000 - - - - 250,000 250,000 (2,636 ) 247,364 MUS$300 - - - - 300,000 300,000 - - - - 300,000 300,000 (2,618 ) 297,382 H - - - - 174,367 174,367 - - - - 174,367 174,367 (1,532 ) 172,835 O - - - - 65,388 65,388 - - - - 65,388 65,388 (945 ) 64,443 Total 250,000 - - - 789,755 1,039,755 250,000 - - - 789,755 1,039,755 (8,248 ) 1,031,507 |
Disclosure of information about Series C bonds [Text Block] | As of December 31, 2018, and December 31, 2017, the Company has made the following payments with a charge to the Series C bonds: Payments made 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Principal payment - 57,290 5,729 Interest payment - 1,515 3,275 |
Disclosure of information about issue of series H bonds [Text Block] | As of December 31, 2018 , and December 31, 2017 , the Company has made the following payments with a charge to the Series H bonds: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payments of interest, Series H bonds 8,325 7,691 7,289 |
Disclosure of information about second issue of single series bonds [Text Block] | As of December 31, 2018, and December 31, 2017, the detail of payments charged to the line of single series bonds, second issue is as follows: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Interest payment 13,750 13,750 13,750 |
Disclosure of information about issue of series M and O bonds [Text Block] | On April 4, 2012, the Company placed two bond series in the domestic market. Series M for UF 1,000,000 (ThUS$46,601) was placed at a term of 5 years with a single payment at the maturity of the term and an annual interest rate of 3.3%. On February 1, 2017, the M bond was canceled . Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Principal payment Series M bonds - 40,726 - Payment of interest, Series M bonds - 667 1,242 As of December 31, 2018, and December 31, 2017the Company has made the following payments with a charge to the Series O bonds: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2017 ThUS$ Payment of interest, Series O bonds 2,457 2,301 2,142 |
Disclosure of information about third issue of single series bonds [Text Block] | As of December 31, 2018, and December 31, 2017, the following payments have been made with a debit to the line of single-series bonds, third issue: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payment of interest 10,875 10,875 10,875 |
Disclosure of information about fourth issue of single series bonds [Text Block] | As of December 31, 2018, and December 31, 2017, the following payments have been made. Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payment of interest 10,938 10,938 10,938 |
Disclosure of information about issue of series P bonds [Table Text Block] | The Bonds (i) mature on January 15, 2028; (ii) will accrue on the unpaid principal, expressed in UF, at an annual interest rate of 3.25% from January 15, 2018; and (iii) can be called early by the Company as of the date of placement, that is, as of April 5, 2018. Payments made 12/31/2018 ThUS$ Payment of interest 2,027 |
Disclosure of information about issue of series Q bonds [Table Text Block] | Payments made 12/31/2018 ThUS$ Payment of interest 319 |
Disclosure of trade and other payables [text block] | 13.5 Trade and other payables 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Accounts payable 163,373 - 163,373 195,858 - 195,858 Other accounts payable 378 - 378 422 - 422 Total 163,751 - 163,751 196,280 - 196,280 |
Disclosure of detailed information about the current and past due suppliers [Text Block] | As of December 31, 2018 and December 31, 2017, the balance of current and past due suppliers is as follows: Suppliers current on all payments Amounts according to payment periods as of 12/31/2018 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier Days days Days days days days ThUS$ Goods 48,969 1,919 912 25 278 2 52,105 Services 37,376 314 157 107 19 35 38,008 Others 54,978 161 20 - - 3 55,162 Total 141,323 2,394 1,089 132 297 40 145,275 Amounts according to payment periods as of 12/31/2017 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 72,567 - - - - - 72,567 Services 36,855 - - - - 3 36,858 Others 45,104 - - - - - 45,104 Total 154,526 - - - - 3 154,529 Suppliers past due on payments Amounts according to payment periods as of 12/31/2018 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 1,533 209 210 255 175 287 2,669 Services 12,229 838 109 111 309 141 13,737 Others 1,039 385 92 6 60 110 1,692 Total 14,801 1,432 411 372 544 538 18,098 Amounts according to payment periods as of 12/31/2017 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 16,693 448 3,965 1,784 1,602 42 24,534 Services 11,704 1,913 547 681 1,325 17 16,187 Others 479 9 13 20 46 41 608 Total 28,876 2,370 4,525 2,485 2,973 100 41,329 |
Disclosure of information about derivative instruments measured at fair value through profit or loss [Text Block] | The detail of this type of instrument is as follows: Financial liabilities at fair value with an impact on profit or loss 12/31/2018 Effect on profit or loss as of 12/31/2018 12/31/2017 Effect on profit or loss as of 12/31/2017 12/31/2016 Effect on profit or loss as of 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current Derivative instruments (IRS) - - - - - (229 ) Total - - - - - (229 ) |
Disclosure of detailed information about categories of financial assets [Text Block] | a) Financial Assets 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total Description of financial assets Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Cash and cash equivalent 556,066 - 556,066 630,438 - 630,438 Trade receivables due from related parties 44,554 - 44,554 59,132 - 59,132 Financial assets measured at amortized cost 291,790 75 291,865 360,941 45 360,986 Loans and receivables measured at amortized cost 464,855 2,275 467,130 446,875 1,912 448,787 Total financial assets measured at amortized cost 1,357,265 2,350 1,359,615 1,497,386 1,957 1,499,343 Derivative financial instruments - For hedging purposes 18,238 13,425 31,663 - 8,910 8,910 - At fair value through profit or loss 2,693 - 2,693 6,038 - 6,038 Financial assets at fair value through other comprehensive income - 3,631 3,631 - 33,924 33,924 Total financial assets at fair value 20,931 17,056 37,987 6,038 42,834 48,872 Total financial assets 1,378,196 19,406 1,397,602 1,503,424 44,791 1,548,215 |
Disclosure of detailed information about categories of financial liabilities [Text Block] | b) Financial liabilities 12/31/2018 12/31/2017 Description of financial liabilities Current Non- Current Total Current Non- Current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Derivative financial instruments For hedging purposes 5,285 12,033 17,318 37,287 - 37,287 Held for trading at fair value through profit or loss 2,855 - 2,855 5,979 - 5,979 Financial liabilities at fair value through profit or loss 8,140 12,033 20,173 43.266 - 43.266 Liabilities at amortized cost Bank loans 300 68,870 69,170 163,568 - 163,568 Obligations to the public 15,145 1,249,479 1,264,624 13,494 1,031,507 1,045,001 Financial liabilities at amortized cost (trade and other payables) 163,751 - 163,751 196,280 - 196,280 Accounts payable to related entities 9 - 9 1,365 - 1,365 Total financial liabilities at amortized cost 179,205 1,318,349 1,497,554 374.707 1,031,507 1,406.214 Total financial liabilities 187,345 1,330,382 1,517,727 417,973 1,031,507 1,449,480 |
Disclosure of fair value measurement [text block] | Carrying Amount at Amortized Cost Fair value (informative) Fair value Measurement Methodology 12/31/2018 12/31/2018 12/31/2018 Level 1 Level 2 Level 3 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Financial Assets Cash and cash equivalents 556,066 556,066 - - 556,066 - Trade and other receivables, current 464,855 464,855 - - 464,855 - Trade receivables due from related parties, current 44,554 44,554 - - 44,554 - Other current financial assets: - - - - - - - Time deposits 291,790 291,790 - - 291,790 - - Derivative instruments - - - - - - - Forwards - - 2,637 - 2,637 - - Options - - 56 - 56 - - Hedging assets - - - - - - - Investment hedge swaps - - 18,238 - 18,238 - Non-current accounts receivable 424 424 - - - - Other non-current financial assets: - - - - - - - Other 95 95 - - 95 - - Investment in Shares - - 3,611 - - - - Hedging assets - Swaps - - 13,425 - 13,425 - Other current financial liabilities - - - - - - - Bank loans 300 300 - - 300 - - Derivative instruments - - - - - - - Forwards - - 2,723 - 2,723 - - Options - - 132 - 132 - - Hedging liabilities - Swaps - - 5,285 - 5,285 - - Unsecured obligations 15,145 15,145 - - 15,145 - Trade and other payables, current and non current 163,751 163,751 - - 163,751 - Trade payables due to related parties, current 9 9 - - 9 - Other non-current financial liabilities: - - - - - - - Bank loans 68,870 71,826 - - 71,826 - - Unsecured obligations 1,249,479 1,357,640 - - 1,357,640 - - Non-current hedging liabilities - - 12,033 - 12,033 - Carrying Amount at Amortized Cost Fair value of amounts measured at amoirtized cost Amounts measured at Fair value Measurement Methodology 12/31/2017 12/31/2017 12/31/2017 Level 1 Level 2 Level 3 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Financial Assets Cash and cash equivalents 630,438 630,438 - - 630,438 - Trade and other receivables, current 446,875 446,875 - - 446,875 - Trade receivables due from related parties, current 59,132 59,132 - - 59,132 - Other current financial assets: - - - - - - - Time deposits 360,941 360,941 - - 360,941 - - Derivative instruments - - - - - - - Forwards - - 2,744 - 2,744 - - Options - - 110 - 110 - - Hedging assets - - 3,184 - 3,184 - - Investment hedge swaps - - - - - - Non-current accounts receivable 1,912 1,912 - - 1,912 - Other non-current financial assets: - - - - - - - Other 24,811 24,811 - - 24,811 - - Investment in Shares - - 9,159 9,159 - - - Hedging assets - Swaps - - 8,909 - 8,909 - Other current financial liabilities - - - - - - - Bank loans 163,568 163,568 - - 163,568 - - Derivative instruments - - - - - - - Forwards - - 5,534 - 5,534 - - Options - - 445 - 445 - - Hedging liabilities - Swaps - - 37,287 - 37,287 - - Unsecured obligations 13,494 13,494 - - 13,494 - Trade and other payables, current and non current 196,280 196,280 - - 196,280 - Trade payables due to related parties, current 1,365 1,365 - - 1,365 - Other non-current financial liabilities: - - - - - - - Bank loans - - - - - - - Unsecured obligations 1,031,507 1,131,639 - - 1,131,639 - - Non-current hedging liabilities - - - - - |
Disclosure of information about financial assets pledged as guarantee [Text Block] | As of December 31, 2018 and December 31, 2017, assets pledged as guarantees are as follows: Restricted cash 12/31/2018 ThUS$ 12/31/2017 ThUS$ Isapre Norte Grande Ltda, 712 771 Total 712 771 |
Disclosure of detailed information about financial instruments [text block] | The detail of the Company’s instruments at carrying value and estimated fair value is as follows: 12/31/2018 12/31/2017 Carrying value Fair value Carrying value Fair value ThUS$ ThUS$ ThUS$ ThUS$ Cash and cash equivalents 556,066 556,066 630,438 630,438 Current trade and other receivables 464,855 464,855 446,875 446,875 Receivables due from related parties, current 44,554 44,554 59,132 59,132 Other financial assets, current: - Time deposits 291,790 291,790 360,941 360,941 - Derivative instruments 2,693 2,693 6,038 6,038 - Hedging assets 18,238 18,238 - - Total other current financial assets 312,721 312,721 366,979 366,979 Non-Current Trade Receivables 424 424 1,912 1,912 Other non-current financial assets: 17,131 17,131 42,879 42,879 Total other non-current financial assets: 17,131 17,131 42,879 42,879 Other financial liabilities, current: - Bank loans 300 300 163,568 163,568 - Derivative instruments 2,855 2,855 5,979 5,979 - Hedging liabilities 5,285 5,285 37,287 37,287 - Unsecured obligations 15,145 15,145 13,494 13,494 Other financial liabilities, current 23,585 23,585 220,328 220,328 Current and non-current accounts payable 163,751 163,751 196,280 196,280 Payables due to related parties, non-current 9 9 1,365 1,365 Other non-current financial liabilities: - Bank loans 68,870 71,826 - - - Unsecured obligations 1,249,479 1,404,614 1,031,507 1,131,639 - Non-current hedging liabilities 12,033 2,657 - - Other non-current financial liabilities: 1,330,382 1,479,097 1,031,507 1,131,639 |
Intangible assets and goodwill
Intangible assets and goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Intangible Assets And Goodwill [Abstract] | |
Disclosure of detailed information about intangible assets [text block] | 14.1 Balances 12/31/2018 12/31/2017 ThUS$ ThUS$ Intangible assets other than goodwill 188,283 113,787 Goodwill (1) 34,718 37,972 Total 223,001 151,759 |
Disclosure of detailed information about intangible assets and goodwill explanatory [Text Block] | Balances and movements in the main classes of intangible assets as of December 31, 2018 and December 31, 2017 are detailed as follows: 12/31/2018 Intangible assets and goodwill Useful life Gross amount ThUS$ Accumulated Amortization ThUS$ Accumulated Impairment losses ThUS$ Net Value ThUS$ Software Finite 28,833 (25,455 ) - 3,378 Intellectual property rights, patents and other industrial property rights, service Finite 1,254 (1,096 ) (7 ) 151 Mining property, water rights and rights of way. Indefinite 184,849 (88 ) (1,729 ) 183,032 Customer-related intangible assets Indefinite 1,778 - (205 ) 1,573 Other intangible assets Indefinite 149 - - 149 Intangible assets other than goodwill 216,863 (26,639 ) (1,941 ) 188,283 Goodwill Indefinite 37,972 - (3,254 ) 34,718 Total intangible assets and goodwill 254,835 (26,639 ) (5,195 ) 223,001 12/31/2017 Intangible assets and goodwill Useful life Gross amount ThUS$ Accumulated Amortization ThUS$ Net Value ThUS$ Software Finite 25,060 (19,769 ) 5,291 Intellectual property rights, patents and other industrial property rights, service Finite 1,250 (1,061 ) 189 Mining property, water rights and rights of way Indefinite 106,358 - 106,358 Customer-related intangible assets Indefinite 1,778 - 1,778 Other intangible assets Indefinite 171 - 171 Intangible assets other than goodwill 134,617 (20,830 ) 113,787 Goodwill Indefinite 37,972 - 37,972 Total intangible assets and goodwill 172,589 (20,830 ) 151,759 |
Description of detailed information about estimated usefull life of intangible assets other than goodwill [Text Block] | c) Minimum and maximum amortization lives or rates of intangible assets: Estimated useful lives or amortization rate Minimum life or rate Maximum life or rate Mining property, water rights and rights of way Indefinite Indefinite Intangible assets other than goodwill Indefinite Indefinite Intellectual property rights, patents and other industrial property rights, service and exploitation rights 1 year 16 years Trademarks 1 year 5 years Software 2 years 6 years |
Disclosure Of Movement Of Goodwill Table Text Block | The following table shows the movements in goodwill as of December 31, 2018 : Company Goodwill 01/01/2018 Additional recognition Impairment losses Transferred to available for sale Goodwill 12/31/2018 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Industrial S.A. 3,214 - (3,214 ) - - SQM S.A. 22,255 - - - 22,255 SQM Investment Corporation 86 - - - 86 Soquimich Comercial S.A. 320 - (40 ) - 280 Soquimich European Holding 11,373 - - - 11,373 SQM Potasio S.A. 724 - - - 724 Total 37,972 - (3,254 ) - 34,718 |
Disclosure of reconciliation of changes in intangible assets and goodwill [text block] | e) Movements in identifiable intangible assets as of December 31, 2018: Movements in identifiable intangible assets, gross Trademarks Software Intellectual property rights, patents and other industrial property rights, service, rights of way Mining property, water rights Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 25,060 1,250 106,358 1,778 171 37,972 172,589 Additions 1,159 5 77,201 - 11 - 78,376 Increases (decreases) for transfers - - - - - - - Other increases / decreases for foreign currency exchange rates (5 ) (1 ) (4 ) - - - (10 ) (-) Impairment losses recognized in profit or loss for the year - - - - - - - Transferred to available for sale - - - - - - - Other increases (decreases) 2,619 - 1,294 - (33 ) - 3,880 Total increases (decreases) 3,773 4 78,491 1,778 (22 ) - 82,246 Final balance 28,833 1,254 184,849 1,778 149 37,972 254,835 Accumulated amortization Movements in Identifiable intangible assets IT programs Intellectual property rights, patents and other industrial property rights, service. Finite Mining property, water rights and rights of way Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance (19,769 ) (1,061 ) - - - - (20,830 ) Additions - - - - - - - Other increases / decreases for foreign currency exchange rates 4 - - - - - 4 (-) Impairment losses recognized in profit or loss for the year - (7 ) (1,729 ) (205 ) - (3,254 ) (5,195 ) Amortization (2,880 ) (35 ) (88 ) - - - (3,003 ) Other increases (decreases) (2,810 ) - - - - - (2,810 ) Total increases (decreases) (5,686 ) (42 ) (1,817 ) (205 ) - (3,254 ) (11,004 ) Final balance (25,455 ) (1,103 ) (1,817 ) (205 ) - (3,254 ) (31,834 ) f) Movements in identifiable intangible assets as of December 31, 2018, continued Net value Movements in Identifiable intangible assets IT programs Intellectual property rights, patents and other industrial property rights, service. Finite Mining property, water rights and rights of way Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 5,291 189 106,358 1,778 171 37,972 151,759 Additions 1,159 5 77,201 - 11 - 78,376 Increases (decreases) for transfers - - - - - - Amortization (2,880 ) (35 ) (88 ) - - - (3,003 ) Impairment losses recognized in profit or loss for the year - (7 ) (1,729 ) (205 ) - (3,254 ) (5,195 ) Other increases / decreases for foreign currency exchange rates (1 ) (1 ) (4 ) - - - (6 ) Transferred to available for sale - - - - - - - Other increases (decreases) (191 ) - 1,294 - (33 ) - 1,070 Total increases (decreases) (1,913 ) (38 ) 76,674 (205 ) (22 ) (3,254 ) 71,242 Final balance 3,378 151 183,032 1,573 149 34,718 223,001 g) Movements in identifiable intangible assets as of December 31, 2017: Gross value Movements in Identifiable intangible assets IT programs Intellectual property rights, patents and other industrial property rights, service. Finite Mining property, water rights and rights of way Indefinite Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 23,280 1,483 106,436 2,942 - 37,972 172,113 Additions 939 8 - - 171 - 1,118 Increases (decreases) for transfers - - (205 ) - - - (205 ) (-) Impairment losses recognized in profit or loss for the year - - - - - - - Other increases (decreases) 841 (241 ) 127 (1,164 ) - - (437 ) Total increases (decreases) 1,780 (233 ) (78 ) (1,164 ) 171 - 476 Final balance 25,060 1,250 106,358 1,778 171 37,972 172,589 g) Movements in identifiable intangible assets as of December 31, 2017: Movements in identifiable intangible assets, accumulated amortization Software Intellectual property rights, patents and other industrial property rights, service, rights of way Mining property, water rights and rights of way. Indefinite. Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance (16,234 ) (1,023 ) - - - - (17,257 ) Additions - - - - - - - Amortization (2,653 ) (38 ) - - - - (2,691 ) Other increases (decreases) (882 ) - - - - - (882 ) Total Increases (decreases) (3,535 ) (38 ) - - - - (3,573 ) Final balance (19,769 ) (1,061 ) - - - (20,830 ) Movements in identifiable intangible assets, net Software Intellectual property rights, patents and other industrial property rights, service, rights of way Mining property, water rights and rights of way. Indefinite. Customer- related intangible assets Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 7,046 460 106,436 2,942 - 37,972 154,856 Additions 939 8 - - 171 - 1,118 Increases (decreases) for transfers - - (205 ) - - - (205 ) Amortization (2,653 ) (38 ) - - - - (2,691 ) Impairment - - - - - - - Increases (decreases) for transfers - - - - - - Other increases (decreases) (41 ) (241 ) 127 (1,164 ) - - (1,319 ) Total Increases (decreases) (1,755 ) (271 ) (78 ) (1,164 ) 171 - (3,097 ) Final balance 5,291 189 106,358 1,778 171 37,972 151,759 h) Movements in identifiable intangible assets as of December 31, 2016: Movements in identifiable intangible assets, gross Trademarks Software Intellectual property rights, patents and other industrial property rights, service, rights of way Intellectual property rights, patents and other industrial property rights, service, rights of way Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 3,821 23,251 1,448 96,500 3,651 38,388 167,059 Additions - 160 25 2,100 - - 2,285 Other increases (decreases) (3,821 ) (131 ) 10 (4 ) (314 ) (416 ) (4,676 ) Final balance - 23,280 1,483 98,596 3,337 37,972 164,668 Movements in identifiable intangible assets, accumulated amortization Trademarks Software Intellectual property rights, patents and other industrial property rights, service, rights of way Intellectual property rights, patents and other industrial property rights, service, rights of way Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance (3,821 ) (13,438 ) (984 ) - - - (18,243 ) Additions - - - - - - - Amortization - (2,796 ) (38 ) - - - (2,834 ) Other increases (decreases) 3,821 - (1 ) - - - 3,820 Final balance - (16,234 ) (1,023 ) - - - (17,257 ) h) Movements in identifiable intangible assets as of December 31, 2016: Movements in identifiable intangible assets, net Trademarks Software Intellectual property rights, patents and other industrial property rights, service rights of way Intellectual property rights, patents and other industrial property rights, service rights of way Other intangible assets Goodwill Identifiable intangible assets ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance - 9,813 464 96,500 3,651 38,388 148,816 Additions - 160 25 2,100 - - 2,285 Amortization - (2,796 ) (38 ) - - - (2,834 ) Other increases (decreases) - (131 ) 9 (4 ) (314 ) (416 ) (856 ) Final balance - 7,046 460 98,596 3,337 37,972 147,411 |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Disclosure of detailed information about property, plant and equipment [text block] | 15.1 Types of property, plant and equipment Description of types of property, plant and equipment 12/31/2018 ThUS$ 12/31/2017 ThUS$ Property, plant and equipment, net Land 24,695 24,900 Buildings 238,808 230,319 Other property, plant and equipment 28,175 24,862 Transport equipment 2,892 3,257 Supplies and accessories 4,722 1,872 Office equipment 513 487 Network and communication equipment 692 1,050 Mining assets 11,501 16,237 IT equipment 4,980 3,401 Energy generating assets 6,117 7,861 Constructions in progress 207,830 165,054 Machinery, plant and equipment (1) 923,898 950,054 Total 1,454,823 1,429,354 Property, plant and equipment, gross Land 24,695 24,900 Buildings 648,719 610,264 Other property, plant and equipment 245,731 244,831 Transport equipment 11,668 11,195 Supplies and accessories 24,456 19,498 Office equipment 11,377 11,105 Network and communication equipment 7,505 7,356 Mining assets 132,309 129,028 IT equipment 29,955 27,038 Energy generating assets 36,930 36,643 Constructions in progress 207,830 165,054 Machinery, plant and equipment 3,068,862 2,938,287 Total 4,450,037 4,225,199 Accumulated depreciation and value impairment of property, plant and equipment, total Accumulated depreciation and impairment of buildings (409,911 ) (379,945 ) Accumulated depreciation and impairment of other property, plant and equipment (217,556 ) (219,969 ) Accumulated depreciation and impairment of transport equipment (8,776 ) (7,938 ) Accumulated depreciation and impairment of supplies and accessories (19,734 ) (17,626 ) Accumulated depreciation and impairment of office equipment (10,864 ) (10,618 ) Accumulated depreciation and impairment of network and communication equipment (6,813 ) (6,306 ) Accumulated depreciation and impairment of mining assets (120,808 ) (112,791 ) Accumulated depreciation and impairment of IT equipment (24,975 ) (23,637 ) Accumulated depreciation and impairment of energy generating assets (30,813 ) (28,782 ) Accumulated depreciation and impairment of machinery, plant and equipment (2,144,964 ) (1,988,233 ) Total (2,995,214 ) (2,795,845 ) (1) The detail of machinery, plant and equipment is as follows: Description of classes of property, plant and equipment 12/31/2018 ThUS$ 12/31/2017 ThUS$ Property, plant and equipment, net Pumps 34,145 33,614 Conveyor belt 22,082 24,832 Crystallizer 27,112 15,519 Plant equipment 188,934 186,885 Water tanks 14,876 11,296 Filter 29,300 18,572 Facilities/electrical equipment 96,179 105,600 Other machinery, plant and equipment 71,964 72,812 Piping 98,498 113,641 Pond 250,045 275,731 Well 42,903 46,802 Parts 47,860 44,750 Total 923,898 950,054 * The net balance of other machinery, plant and equipment includes capitalized site closure expenses of ThUS$12,967 as of December 31, 2018 and ThUS$14,104 as of December 31, 2017. |
Disclosure of reconciliation of changes in property, plant and equipment [Text Block] | 15.2 Reconciliation of changes in property, plant and equipment by type: Reconciliation of changes in property, plant and equipment by class as of December 31, 2018 and December 31, 2017: Reconciliation of changes in property, plant and equipment by class as of December 31, 2018, gross amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 24,900 610,264 244,831 11,195 19,498 11,105 7,356 129,028 27,038 36,643 165,054 2,938,287 4,225,199 Changes Additions - 28 833 - 41 15 - - 489 - 263,290 1,448 266,144 Disposals - (38 ) (7,811 ) (51 ) - - - - (10 ) - (6,582 ) (1,666 ) (16,158 ) Increase (decrease) in foreign currency translation difference (64 ) (134 ) (8 ) (3 ) (19 ) (6 ) - - (11 ) - - (153 ) (398 ) Reclassifications - 38,746 10,330 529 4,889 268 150 3,281 2,100 75 (184,095 ) 123,726 (1 ) Other increases (decreases) (*) - (147 ) (2,444 ) (2 ) 47 (5 ) (1 ) - 349 212 (29,837 ) 7,220 (24,608 ) Decreases for classification as held for sale (1) (141 ) - - - - - - - - - - - (141 ) Total changes (205 ) 38,455 900 473 4,958 272 149 3,281 2,917 287 42,776 130,575 224,838 Closing balance 24,695 648,719 245,731 11,668 24,456 11,377 7,505 132,309 29,955 36,930 207,830 3,068,862 4,450,037 Reconciliation of changes in property, plant and equipment by class as of December 31, 2018, accumulated depreciation Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance - (379,945 ) (219,969 ) (7,938 ) (17,626 ) (10,618 ) (6,306 ) (112,791 ) (23,637 ) (28,782 ) - (1,988,233 ) (2,795,845 ) Changes Disposals - 38 7,737 8 - - - - 10 - - 1,722 9,515 Depreciation expense - (29,829 ) (7,415 ) (880 ) (2,056 ) (271 ) (483 ) (8,017 ) (1,374 ) (2,026 ) - (158,900 ) (211,251 ) Impairment - (437 ) - - - - - - - (12 ) - (941 ) (1,390 ) Increase (decrease) in foreign currency translation difference - 41 4 1 12 3 - - (1 ) - - 61 121 Reclassifications - 106 (483 ) - (87 ) (17 ) (28 ) - 90 1 - 419 1 Other increases (decreases) (*) - 115 2,570 33 23 39 4 - (63 ) 6 - 908 3,635 Decreases for classification as held for sale (1) - - - - - - - - - - - - - Total changes - (29,966 ) 2,413 (838 ) (2,108 ) (246 ) (507 ) (8,017 ) (1,338 ) (2,031 ) - (156,731 ) (199,369 ) Closing balance - (409,911 ) (217,556 ) (8,776 ) (19,734 ) (10,864 ) (6,813 ) (120,808 ) (24,975 ) (30,813 ) - (2,144,964 ) (2,995,214 ) Reconciliation of changes in property, plant and equipment by class as of December 31, 2018, net amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 24,900 230,319 24,862 3,257 1,872 487 1,050 16,237 3,401 7,861 165,054 950,054 1,429,354 Changes Additions - 28 833 - 41 15 - - 489 - 263,290 1,448 266,144 Disposals - - (74 ) (43 ) - - - - - - (6,582 ) 56 (6,643 ) Depreciation expense - (29,829 ) (7,415 ) (880 ) (2,056 ) (271 ) (483 ) (8,017 ) (1,374 ) (2,026 ) - (158,900 ) (211,251 ) Impairment - (437 ) - - - - - - - (12 ) - (941 ) (1,390 ) Increase (decrease) in foreign currency translation difference (64 ) (93 ) (4 ) (2 ) (7 ) (3 ) - - (12 ) - - (92 ) (277 ) Reclassifications - 38,852 9,847 529 4,802 251 122 3,281 2,190 76 (184,095 ) 124,145 - Other increases (decreases) (*) - (32 ) 126 31 70 34 3 - 286 218 (29,837 ) 8,128 (20,973 ) Decreases for classification as held for sale (1) (141 ) - - - - - - - - - - - (141 ) Total changes (205 ) 8,489 3,313 (365 ) 2,850 26 (358 ) (4,736 ) 1,579 (1,744 ) 42,776 (26,156 ) 25,469 Closing balance 24,695 238,808 28,175 2,892 4,722 513 692 11,501 4,980 6,117 207,830 923,898 1,454,823 (*) The net balance of other increases (decreases) corresponds to all those items that are reclassified to or from property, plant and equipment. They can have the following origin:1) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; 2) the variation representing the purchase and use of materials and spare parts; 3) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; 4) software that is reclassified to Intangibles. (1) Any property, plant and equipment (disposal group) that, at the closing date of the financial statements, is subject to a commitment for sale or where the sales process has been initiated and where the sale is expected to occur within twelve months of that date, is classified by the Company as non-current assets held for sale. These assets or disposal groups are valued at the lower of carrying amount or the estimated sales value less the costs to sell and stop being amortized from the moment they are classified as non-current assets held for sale. Reconciliation of changes in property, plant and equipment by class as of December 31, 2017, gross amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 32,702 582,082 253,555 10,819 18,259 17,731 7,522 158,514 20,316 34,812 170,710 2,833,819 4,140,841 Changes Additions - 189 541 - 115 42 12 - 899 122 149,133 10,747 161,800 Disposals - (59 ) (11,623 ) (321 ) - (23 ) - (30,082 ) (57 ) - - (3,374 ) (45,539 ) Increase (decrease) in foreign currency translation difference 45 103 3 1 - - - - (2 ) - 1 118 269 Reclassifications - 23,336 8,255 696 1,044 172 123 596 122 1,709 (135,988 ) 99,744 (191 ) Other increases (decreases) (*) (7,436 ) 4,669 (5,900 ) - 80 (6,817 ) (301 ) - 5,760 - (18,802 ) (2,767 ) (31,514 ) Decreases for classification as held for sale (1) (411 ) (56 ) - - - - - - - - - - (467 ) Total changes (7,802 ) 28,182 (8,724 ) 376 1,239 (6,626 ) (166 ) (29,486 ) 6,722 1,831 (5,656 ) 104,468 84,358 Closing balance 24,900 610,264 244,831 11,195 19,498 11,105 7,356 129,028 27,038 36,643 165,054 2,938,287 4,225,199 Reconciliation of changes in property, plant and equipment by class as of December 31, 2017, accumulated depreciation Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance - (344,497 ) (227,138 ) (7,464 ) (16,486 ) (14,089 ) (5,836 ) (133,871 ) (19,950 ) (26,621 ) - (1,812,179 ) (2,608,131 ) Changes Disposals - 58 11,622 312 - 3 - 30,083 25 - - 3,210 45,313 Depreciation expense - (33,306 ) (6,759 ) (730 ) (1,047 ) (357 ) (665 ) (10,638 ) (909 ) (2,184 ) - (170,565 ) (227,160 ) Impairment - - - - - - - - - - - (5,205 ) (5,205 ) Increase (decrease) in foreign currency translation difference - - - (35 ) (3 ) (2 ) - - - - (11 ) - - (58 ) (109 ) Reclassifications - (62 ) 38 (32 ) (110 ) (69 ) (25 ) - (46 ) 26 - 344 64 Other increases (decreases) (*) - (2,102 ) 2,271 (22 ) 17 3,894 220 1,635 (2,746 ) (3 ) - (3,780 ) (616 ) Decreases for classification as held for sale (1) - (1 ) - - - - - - - - - - (1 ) Total changes - (35,448 ) 7,169 (474 ) (1,140 ) 3,471 (470 ) 21,080 (3,687 ) (2,161 ) - (176,054 ) (187,714 ) Closing balance - (379,945 ) (219,969 ) (7,938 ) (17,626 ) (10,618 ) (6,306 ) (112,791 ) (23,637 ) (28,782 ) - (1,988,233 ) (2,795,845 ) Reconciliation of changes in property, plant and equipment by class as of December 31, 2017, net amount Land Buildings Other property, plant and equipment Transport equipment Supplies and accessories Equipment office Network and communication equipment Mining assets IT equipment Energy generating assets Assets under construction Machinery, plant and equipment Property, plant and equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance 32,702 237,585 26,417 3,355 1,773 3,642 1,686 24,643 366 8,191 170,710 1,021,640 1,532,710 Changes Additions - 189 541 - 115 42 12 - 899 122 149,133 10,747 161,800 Disposals - (1 ) (1 ) (9 ) - (20 ) - 1 (32 ) - - (164 ) (226 ) Depreciation expense - (33,306 ) (6,759 ) (730 ) (1,047 ) (357 ) (665 ) (10,638 ) (909 ) (2,184 ) - (170,565 ) (227,160 ) Impairment - - - - - - - - - - - (5,205 ) (5,205 ) Increase (decrease) in foreign currency translation difference 45 68 - (1 ) - - - - (13 ) - 1 60 160 Reclassifications - 23,274 8,293 664 934 103 98 596 76 1,735 (135,988 ) 100,088 (127 ) Other increases (decreases) (*) (7,436 ) 2,567 (3,629 ) (22 ) 97 (2,923 ) (81 ) 1,635 3,014 (3 ) (18,802 ) (6,547 ) (32,130 ) Decreases for classification as held for sale (1) (411 ) (57 ) - - - - - - - - - - (468 ) Total changes (7,802 ) (7,266 ) (1,555 ) (98 ) 99 (3,155 ) (636 ) (8,406 ) 3,035 (330 ) (5,656 ) (71,586 ) (103,356 ) Closing balance 24,900 230,319 24,862 3,257 1,872 487 1,050 16,237 3,401 7,861 165,054 950,054 1,429,354 (*) The net balance of other increases (decreases) corresponds to all those items that are reclassified to or from property, plant and equipment, They can have the following origin:1) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; 2) the variation representing the purchase and use of materials and spare parts; 3) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; 4) assets for retirement obligations and 5) software that is reclassified to Intangibles. (1) Any property, plant and equipment (disposal group) that, at the closing date of the financial statements, is subject to a commitment for sale or where the sales process has been initiated and where the sale is expected to occur within twelve months of that date, is classified by the Company as non-current assets held for sale. These assets or disposal groups are valued at the lower of carrying amount or the estimated sales value less the costs to sell and stop being amortized from the moment they are classified as non-current assets held for sale. |
Other current and non-current_2
Other current and non-current non-financial assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other non-financial assets [Abstract] | |
Disclosure of detailed information about other current and non-current non-financial assets [Text Block] | As of December 31, 2018, and December 31, 2017, the detail of other current and non-current assets is as follows: Other non-financial assets, current 12/31/2018 12/31/2017 ThUS$ ThUS$ Domestic Value Added Tax 20,209 11,484 Foreign Value Added Tax 7,211 5,122 Prepaid mining licenses 1,329 1,205 Prepaid insurance 1,763 2,446 Other prepayments 2,988 1,443 Refund of Value Added Tax to exporters 12,545 941 Other taxes 2,800 4,027 Other assets 341 215 Total 49,186 26,883 Other non-financial assets, non-current 12/31/2018 12/31/2017 ThUS$ ThUS$ Stain development expenses and prospecting expenses (1) 26,189 17,721 Guarantee deposits 712 771 Other assets 639 770 Total 27,540 19,262 1) Reconciliation of changes in assets for exploration and mineral resource evaluation, by type. |
Disclosure of reconciliation of changes in assets for exploration and mineral resource evaluation [Text Block] | Movements in assets for the exploration and evaluation of mineral resources as of December 31, 2018, and December 31, 2017: Reconciliation 12/31/2018 12/31/2017 ThUS$ ThUS$ Opening balance 17,721 23,008 Changes Additions, other than business combinations 11,298 - Reclassifications 1,987 595 Increase (decrease) due to transfers and other charges (4,817 ) (5,882 ) Total changes 8,468 (5,287 ) Total 26,189 17,721 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about provision for employee benefits [Abstract] | |
Disclosure of detailed information about provision for employee benefits [Text Block] | Classes of benefits and expenses by employee 12/31/2018 12/31/2017 ThUS$ ThUS$ Current Profit sharing and bonuses 20,085 22,421 Total 20,085 22,421 Non-current Profit sharing and bonuses 8,831 6,487 Severance indemnity payments 28,233 27,445 Total 37,064 33,932 The other long-term benefits relate to staff severance indemnities and are recorded at their actuarial value, a nd an executive compensation plan (see Note 18.6). Staff severance indemnities at actuarial value 12/31/2018 12/31/2017 ThUS$ ThUS$ Staff severance indemnities, Chile 27,562 25,893 Executive severance plan 8,831 6,487 Severance for foreigners 671 1,552 Total other non-current liabilities 37,064 33,932 |
Disclosure of detailed information about post employment benefit obligations [Text Block] | Reconciliation 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Changes in the benefit obligation Benefit obligation at the beginning of the year 8,755 8,185 7,949 Service cost - 2 2 Interest cost 319 359 387 Actuarial loss 63 556 200 Benefits paid (480 ) (347 ) (353 ) Benefit obligation at the end of the year 8,657 8,755 8,185 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Changes in the plan assets: Fair value of plan assets at the beginning of the year 8,751 7,404 7,464 Actual return (loss) in plan assets 133 1,694 293 Benefits paid (480 ) (347 ) (353 ) Fair value of plan assets at the end of the year 8,404 8,751 7,404 Financing status (253 ) (4 ) (781 ) Items not yet recognized as net periodic pension cost components: Net actuarial loss at the beginning of the year (2,614 ) (3,432 ) (3,165 ) Amortization during the year 160 219 184 Net estimated gain or loss occurred during the year (568 ) 599 (451 ) Adjustment to recognize the minimum pension obligation (3,022 ) (2,614 ) (3,432 ) The net periodic pension expense was composed of the following components for the years ended December 31, 2018, 2017 and 2016: Reconciliation 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Service cost or benefits received during the year - 2 2 Interest cost in benefit obligation 319 359 387 Actual return in plan assets 133 1,694 293 Amortization of prior year losses 160 219 184 Net gain during the year (568 ) 599 610 Net periodic pension expense (159 ) 41 29 |
Disclosure of net defined benefit liability (asset) [text block] | As of December 31, 2018 and 2017, severance indemnities calculated at the actuarial value are as follows: 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Opening balance (27,445 ) (22,532 ) (21,995 ) Current cost of service (1,529 ) (934 ) (1,333 ) Interest cost (1,658 ) (1,488 ) (1,407 ) Actuarial gain/loss (1,617 ) (1,144 ) (2,253 ) Exchange rate difference 2,710 (2,284 ) (1,215 ) Benefits paid during the year 1,306 937 5,671 Balance (28,233 ) (27,445 ) (22,532 ) |
Disclosure of detailed information about employee Actuarial assumption rate [Text Block] | The liability recorded for staff severance indemnity is valued at the actuarial value method, using the following actuarial assumptions: 12/31/2018 12/31/2017 12/31/2016 Mortality rate RV - 2014 RV - 2014 RV - 2009 Actual annual interest rate 4.642 % 5.114 % 4.522 % Voluntary retirement rate: Men 6.49 % 6.49 % 7.16 % annual Women 6.49 % 6.49 % 7.16 % annual Salary increase 3.00 % 3.00 % 3.60 % annual Retirement age: Men 65 65 65 years Women 60 60 60 years |
Disclosure Of Sensitivity Analysis For Actuarial Assumptions Explanatory [Text Block] | As of December 31, 2018 and December 31, 2017, the Company has conducted a sensitivity analysis of the main assumptions of the actuarial calculation, determining the following: Sensitivity analysis 12/31/2018 Effect + 100 basis points ThUS$ Effect - 100 basis points ThUS$ Discount rate (1,807 ) 2,033 Employee turnover rate (237 ) 265 Sensitivity analysis 12/31/2017 Effect + 100 basis points ThUS$ Effect - 100 basis points ThUS$ Discount rate (1,991 ) 2,436 Employee turnover rate (252 ) 281 Sensitivity relates to an increase/decrease of 100 |
Provisions and other non-fina_2
Provisions and other non-financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other provisions [abstract] | |
Disclosure of detailed information about provisions [Text Block] | 18.1 Types of provisions 12/31/2018 12/31/2017 Current Non- current Total Current Non- current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Provision for legal complaints (*) 11,862 3,000 14,862 16,419 3,000 19,419 Provision for dismantling, restoration and rehabilitation cost (**) - 28,822 28,822 - 26,954 26,954 Other provisions (***) 94,335 - 94,335 47,026 47 47,073 Total 106,197 31,822 138,019 63,445 30,001 93,446 (*) These provisions correspond to legal processes that are pending resolution or that have not yet been disbursed. These provisions are mainly related to litigation involving the subsidiaries located in Chile, Brazil and the United States (see note 22.1). (**) The commitments related to Sernageomin have been incorporated through the issuance of the guarantee for the restoration of the place where the production sites are located. (***) See Note 18.2 |
Description of detailed information about other current and noncurrent provision [Text Block] | 18.2 Description of other provisions Current provisions, other short-term provisions 12/31/2018 12/31/2017 ThUS$ ThUS$ Rent under Lease contract with Corfo (*) 84,826 32,331 Provision for additional tax related to foreign loans 471 416 End of agreement bonus 5,129 4,522 Directors’ per diem allowance 2,881 2,630 Provision for subsidiary restructuring - 6,000 Miscellaneous provisions 1,028 1,127 Total 94,335 47,026 Other long-term provisions Investments with negative equity - 47 Total - 47 (*) Payment Obligations for the lease contract with CORFO: These correspond to obligations assumed in the modification of the Lease Agreement for extraction of mining claims owned by the Chilean Economic Development Agency (CORFO). Part of the obligations include quarterly lease payments to CORFO, based on SQM Salar’s sales for the period of products obtained from the claims leased; another part corresponds to annual contributions that SQM Salar must make, since 2018, to Research and Development and to Communities and Regional Development. 2017 includes US$ 20.4 |
Disclosure of other current liabilities [text block] | 18.3 Other current liabilities Other liabilities non-financial current Description of other liabilities 12/31/2018 12/31/2017 ThUS$ ThUS$ Tax withholdings 4,782 7,404 VAT payable 7,345 3,344 Guarantees received 2,641 2,638 Accrual for dividend 109,670 110,529 Monthly tax provisional payments 21,001 11,684 Deferred income 18,574 5,301 Withholdings from employees and salaries payable 6,052 6,725 Accrued vacations (*) 20,070 19,042 Other current liabilities 4,489 2,137 Total 194,624 168,804 (*) Vacation benefit (short-term benefits to employees, current) is in line with the provisions established in Chile’s Labor Code, which indicates that employees with more than a year of service will be entitled to annual vacation for a period of at least fifteen paid business days. The Company provides the benefit of two additional vacation days. |
Disclosure of reconciliation of changes in other provisions [Text Block] | 18.4 Changes in provisions Description of items that gave rise to variations as of 12/31/2018 Legal complaints Provision for dismantling, restoration and rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 19,419 26,954 47,073 93,446 Changes in provisions: Additional provisions 1,000 1,820 96,516 99,336 Provision used (5,557 ) - (49,221 ) (54,778 ) Increase(decrease) in foreign currency exchange - - - - others - 48 (33 ) 15 Total Increase (decreases) (4,557 ) 1,868 47,262 44,573 Total provisions, final balance 14,862 28,822 94,335 138,019 Description of items that gave rise to variations as of Legal complaints Provision for dismantling, restoration and rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 23,867 5,890 21,089 50,846 Changes in provisions: Additional provisions 6,352 21,064 33,507 60,923 Provision used (10,800 ) - (7,538 ) (18,338 ) Increase(decrease) in foreign currency exchange - - 9 9 Others - - 6 6 Total Increase (decreases) (4,448 ) 21,064 25,984 42,600 Total provisions, final balance 19,419 26,954 47,073 93,446 Description of items that gave rise to variations as of Legal complaints Provision for dismantling, restoration and rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 21,067 5,890 13,445 40,402 Changes in provisions: Additional provisions 2,800 - 54,310 57,110 Provision used - - (47,261 ) (47,261 ) Increase(decrease) in foreign currency exchange - - 128 128 Others - - 467 467 Total Increase (decreases) 2,800 - 7,644 10,444 Total provisions, final balance 23,867 5,890 21,089 50,846 |
Disclosures on equity (Tables)
Disclosures on equity (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about controls capital management [Abstract] | |
Disclosure of detailed information about controls capital management [Text Block] | The Company’s management controls capital management based on the following ratios: CAPITAL MANAGEMENT 12/31/2018 12/31/2017 Description (1) Calculation (1) Net Financial Debt ThUS$ 471,755 245,508 Financial Debt – Financial Resources Other current Financial Liabilities + Other Non-Current Financial Liabilities – Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current Liquidity 4.32 3.29 Current Assets divided by Current Liabilities Total Current Assets / Total Current Liabilities Net Debt / Capitalization 0.18 0.10 Net Financial Debt divided by Total Equity Net financial debt / Total Equity ROE 20.7 % 19.1 % Profit for the year divided by Total Equity LTM Profit for the year / Equity Adjusted EBITDA (ThUS$) 885,652 901,856 Adjusted EBITDA Profit for the year + Depreciation and Amortization Expenses + Finance Costs + Income Tax – Other income – Other gains (losses) - Share of Profit of associates and joint ventures accounted for using the equity method + Other expenses by function + Net impairment gains or reversal (losses) of financial assets – Finance income – Currency differences EBITDA (ThUS$) 902,450 885,240 EBITDA Profit for the year + Depreciation and Amortization Expenses + Finance Costs + Income Tax ROA 20.31 % 21.3 % (Adjusted EBITDA – Depreciation) divided by Total Assets net of financial resources less related parties’ investments (LTM Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity-accounted Investments) Indebtedness 1.00 0.91 Total Liabilities on Equity Total Liabilities / Total Equity (1) Assumes the absolute value of the accounting records (2) Last 12 months |
Disclosure of classes of share capital [text block] | Detail of types of capital in preference shares: Type of capital in preferred shares 12/31/2018 12/31/2017 Description of type of capital in preferred shares Series A Series B Series A Series B Number of authorized shares 142,819,552 120,376,972 142,819,552 120,376,972 Number of fully subscribed and paid shares 142,819,552 120,376,972 142,819,552 120,376,972 Number of subscribed, partially paid shares - - - - Par value of shares in ThUS$ 0.9435 2.8464 0.9435 2.8464 Increase (decrease) in the number of current shares - - - - Number of current shares 142,819,552 120,376,972 142,819,552 120,376,972 Number of shares owned by the entity or its subsidiaries or associates - - - - Number of shares whose issuance is reserved due to the existence of options or agreements to dispose shares - - - - Capital amount in shares ThUS$ 134,750 342,636 134,750 342,636 Amount of premium issuance ThUS$ - - - - Amount of reserves ThUS$ - - - - Total number of subscribed shares, total 142,819,552 120,376,972 142,819,552 120,376,972 As of December 31, 2018 and December 31, 2017, the Company has not placed any new issuances of shares on the market. 19.3 Disclosures on reserves in equity As of December 31, 2018 and December 31, 2017, this caption comprises the following: ThUS$ ThUS$ ThUS$ Reserve for currency exchange conversion (26,307 ) (24,913 ) (19,463 ) Reserve for cash flow hedges 7,971 2,248 64 Reserve for gains and losses from financial assets measured at fair value through other comprehensive income (1,111 ) 2,937 3,513 Reserve for actuarial gains or losses in defined benefit plans (6,884 ) (5,953 ) (4,834 ) Other reserves 11,332 11,332 7,832 Total other reserves (14,999 ) (14,349 ) (12,888 ) |
Disclosure of detailed information about movement in other reserves [Text Block] | Movements in other reserves and changes in interest were as follows: Movements Foreign currency translation difference Gains from cash flow hedge Losses from measurement of defined benefit plans Gains (losses) from financial assets measured at fair value through other comprehensive income Other reserves Total reserves Before taxes Before taxes Tax Before taxes Deferred taxes Before taxes Deferred taxes Before taxes Reserves Deferred taxes Total reserves ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance as of 1/1/2017 (19,463 ) 89 (25 ) (5,446 ) 612 4,813 (1,300 ) 7,832 (12,175 ) (713 ) (12,888 ) Statutory reserve subsidiaries - - - - - - - 3,500 3,500 - 3,500 Currency translation associates and joint venture (5,450 ) - - - - - - - (5,450 ) - (5.450 ) Adjustment for actuarial gains and losses - - - (1,401 ) 282 - - - (1.401 ) 282 (1,119 ) Derivate financial instruments for hedging FVOCI - 2,159 25 - - - - - 2,159 25 2,184 Investments in shares at FVOCI - - - - - (26 ) (550 ) - (26 ) (550 ) (576 ) Closing balance as of 12/31/2017 (24,913 ) 2,248 - (6,847 ) 894 4,787 (1,850 ) 11,332 (13,393 ) (956 ) (14,349 ) Currency translation associates and joint venture (1,394 ) - - - - - - - (1.394 ) - (1,394 ) Adjustment for actuarial gains and losses - - - (1.329 ) 398 - - - (1.329 ) 398 (931 ) Derivate financial instruments for hedging FVOCI - 5,723 - - - - - - 5,723 - 5,723 Investments in shares at FVOCI - - - - - (5.546 ) 1,498 - (5.546 ) 1,498 (4,048 ) Closing balance as of 12/31/2018 (26,307 ) 7,971 - (8,176 ) 1,292 (759 ) (352 ) 11,332 (15,939 ) 940 (14,999 ) |
Disclosure of detailed information about legal reserves reported in the individual financial statements of the subsidiaries [Text Block] | (*) In the case of SQM Iberian S.A., the balance corresponds to the results obtained in the previous financial year which are presented as forming part of other reserves because of local regulations. 12/31/2018 12/31/2017 12/31/2016 Subsidiary - Associate ThUS$ ThUS$ ThUS$ SQM Iberian S.A. (*) 9,464 9,464 5,964 SQM Europe NV 1,957 1,957 1,957 Soquimich European holding B.V. 828 828 828 Abu Dhabi Fertilizer Industries WWL 455 455 455 Doktor Tarsa Tarim Sanayi AS 305 305 305 Total 13,009 13,009 9,509 Corresponds to the acquisition of the subsidiary SQM Iberian S.A., which was already under Company ownership at the acquisition date (IAS 27 R). (1,677 ) (1,677 ) (1,677 ) Total Other reserves 11,332 11,332 7,832 |
Disclosure of dividends [text block] | The dividends presented as deducted from equity are as follows: 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Dividends attributable to owners of the parent 823 55,501 3,014 Provisional dividend 331,199 317,243 225,000 Additional dividend 107,872 - 150,000 Dividend payable 109,669 110,529 - Total 549,563 483,273 378,014 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Earnings Per Share Explanatory [Abstract] | |
Earnings Per Share Explanatory [Text Block] | As expressed, earnings per share are detailed as follows: Basic earnings per share 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Earnings (losses) attributable to owners of the parent 439,830 427,697 278,290 12/31/2018 Units 12/31/2017 Units 12/31/2016 Units Number of common shares in circulation 263,196,524 263,196,524 263,196,524 12/31/2018 12/31/2017 12/31/2016 Basic earnings per share (US$ per share) 1.6711 1.6250 1.05732 |
Contingencies and restrictions
Contingencies and restrictions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of contingent liability [Abstract] | |
Disclosure of detailed information about financial indicators [Text Block] | As of December 31, 2018, the above mentioned financial indicator has the following values: Indicator 12/31/2018 12/31/2017 Leverage 1.00 0.91 |
Disclosure of detailed information about grantor obligations [Text Block] | Grantor Relationship 12/31/2018 12/31/2017 ThUS$ ThUS$ Ferosor Agrícola S.A. Unrelated third party 3,598 4,067 Tattersall Agroinsumos S.A. Unrelated third party 2,000 2,000 Contador Frutos S.A. Unrelated third party 1,587 1,743 Agrícola Lobert Ltda. Unrelated third party - 1,264 Covepa SPA Unrelated third party 720 813 Johannes Epple Davanzo Unrelated third party 321 363 Hortofrutícola La Serena Unrelated third party 294 323 Juan Luis Gaete Chesta Unrelated third party 195 262 Arena Fertilizantes y Semillas Unrelated third party 216 244 Vicente Oyarce Castro Unrelated third party 222 244 Soc. Agrocom. Julio Polanco Unrelated third party 144 163 Bernardo Guzmán Schmidt Unrelated third party 126 138 Gilberto Rivas Y Cia. Ltda. Unrelated third party - 138 Lemp Martin Julian Unrelated third party - 124 Comercial Agrosal Ltda. Unrelated third party - 116 Soc.Comercial el Mimbral Unrelated third party - 101 Total 9,423 12,103 |
Gains (losses) from operating_2
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Revenue From Products and Services [Abstract] | |
Disclosure of disaggregation of revenue from contracts with customers [text block] | The Group derives revenues from the sale of goods (which are recognised at one point in time) and from the provision of services (which are recognised over time) and are distributed among the following geographical areas and main product and service lines: 12/31/2018 Geographic areas Specialty plant nutrition Iodine and derivatives Lithium and derivatives Potassium Industrial chemicals Other Total ThUS$ Chile 111,595 1,052 700 25,593 4,575 45,834 189,349 Latin America and the Caribbean 77,737 6,390 3,596 80,192 12,097 177 180,189 Europe 200,229 112,080 103,430 46,068 17,384 473 479,664 North America 240,995 83,587 68,254 50,685 27,347 647 471,515 Asia and Others 151,194 121,863 558,821 64,936 46,865 1,407 945,086 Total 781,750 324,972 734,801 267,474 108,268 48,538 2,265,803 12/31/2017 Geographic areas Specialty plant nutrition Iodine and derivatives Lithium and derivatives Potassium Industrial chemicals Other Total ThUS$ Chile 91,243 1,054 802 20,001 2,522 45,942 161,564 Latin America and the Caribbean 71,335 5,756 3,109 142,610 9,180 155 232,145 Europe 177,997 81,557 88,443 72,405 28,346 305 449,053 North America 235,963 67,491 42,918 69,105 25,824 553 441,854 Asia and Others 120,713 96,265 509,301 75,205 69,706 1,517 872,707 Total 697,251 252,123 644,573 379,326 135,578 48,472 2,157,323 12/31/2016 Geographic areas Specialty plant nutrition Iodine and derivatives Lithium and derivatives Potassium Industrial chemicals Other Total ThUS$ Chile 102,804 1,319 500 18,940 3,398 60,108 187,069 Latin America and the Caribbean 69,805 6,136 3,002 154,012 9,194 223 242,372 Europe 116,863 86,095 77,850 82,040 14,391 887 378,126 North America 211,954 63,193 41,226 81,043 24,485 337 422,238 Asia and Others 122,427 74,401 392,049 67,288 52,669 683 709,517 Total 623,853 231,144 514,627 403,323 104,137 62,238 1,939,322 |
Disclosure Of Revenue By Products Text Block [Text Block] | a) b) Main product lines: January to December 2018 2017 2016 Products and Services ThUS$ ThUS$ ThUS$ Specialty plant nutrition 781,750 697,251 623,853 Sodium Nitrates 17,688 18,555 16,891 Potassium nitrate and sodium potassium nitrate 527,945 474,451 390,964 Specialty Blends 145,512 121,263 129,943 Other specialty fertilizers 90,605 82,982 86,055 Iodine and derivatives 324,972 252,123 231,144 Lithium and derivatives 734,801 644,573 514,627 Potassium 267,474 379,326 403,323 Industrial chemicals 108,268 135,578 104,137 Other 48,538 48,472 62,238 Commodities 18,582 11,822 19,842 Other ordinary income Commercial Offices 24,465 32,784 37,068 Income from services rendered and others Other Income from the provision of services 4,017 3,795 4,122 Income from leasing properties 1,474 71 1,205 Total 2,265,803 2,157,323 1,939,322 |
Disclosure of cost of sales [text block] | 25.2 Cost of sales 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Raw materials and consumables used (260,863 ) (227,620 ) (208,697 ) Classes of employee benefit expenses (203,569 ) (172,084 ) (162,335 ) Depreciation expense (212,582 ) (232,275 ) (271,128 ) Amortization expense (7,194 ) (8,153 ) (12,438 ) Operating leases (75,395 ) (80,160 ) (71,548 ) Investment plan expenses (13,384 ) (17,180 ) (17,697 ) Contractors (78,825 ) (72,348 ) (66,051 ) Mining concessions (8,168 ) (7,802 ) (7,313 ) Operations transport (64,352 ) (69,052 ) (59,399 ) Freight and product transport costs (43,510 ) (55,383 ) (64,857 ) Purchase of products from third parties (239,781 ) (208,147 ) (211,928 ) Insurance (9,816 ) (10,255 ) (12,033 ) CORFO rights (182,954 ) (46,274 ) (41,962 ) Export costs (84,816 ) (83,057 ) (105,307 ) Variation in inventory 11,600 (90,998 ) (10,774 ) Other expenses, by nature (9,915 ) (14,034 ) (4,818 ) Total (1,483,524 ) (1,394,822 ) (1,328,285 ) |
Disclosure of detailed information about other income [Text Block] | 25.3 Other income 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Discounts obtained from suppliers 705 345 771 Fines charged to suppliers 698 199 358 Taxes recovered 685 1,278 657 Amounts recovered from insurance 443 154 5,636 Overestimate of provisions for third-party obligations 375 586 573 Other operating income 1,847 4,543 2,690 Options on mining claims 16,095 2,607 2,577 Easements, pipelines and roads 10,806 4,656 219 Reimbursement mining licenses and notary expenses 394 1,196 1,300 Shares obtained in junior mining companies through options - 2,263 421 Total 32,048 17,827 15,202 |
Description of detailed information about employee benefits by nature of expenses [Text Block] | 25.4 Administrative expenses 12/31/2018 13/31/2017 13/31/2016 ThUS$ ThUS$ ThUS$ Employee benefit expenses by nature Remuneration and benefits to employees (63,880 ) (51,761 ) (47,192 ) Marketing costs (3,078 ) (2,539 ) (1,535 ) Amortization expenses (15 ) (8 ) (6 ) Entertainment expenses (4,805 ) (4,781 ) (4,022 ) Advisory services (12,848 ) (14,348 ) (16,474 ) Leases (4,556 ) (4,097 ) (4,236 ) Insurance (1,758 ) (1,767 ) (1,732 ) Office expenses (8,165 ) (5,357 ) (5,182 ) Contractors (5,730 ) (4,805 ) (4,329 ) Other expenses, by nature (13,291 ) (11,708 ) (3,728 ) Total (118,126 ) (101,171 ) (88,436 ) |
Disclosure of detailed information about expenses by function [Text Block] | 25.5 Other expenses by function 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Classes of Employee Benefit Expenses Depreciation and amortization expense Depreciation of assets not in use (59 ) (90 ) (111 ) Subtotal (59 ) (90 ) (111 ) Impairment losses (reversals of impairment losses) recognized in profit (loss) for the year Amortization expense intangible (1,649 ) - - Subtotal (1,649 ) - - Other expenses, by nature Legal expenses (15,139 ) (25,176 ) (5,737 ) VAT and other unrecoverable taxes (1,187 ) (1,295 ) (1,015 ) Fines paid (965 ) (1,112 ) (31,867 ) Investment plan expenses (13,419 ) (10,006 ) (6,657 ) Donations not accepted as tax credit (4,502 ) (5,527 ) (1,692 ) Reorganization of related businesses 6,000 (6,000 ) - Expenses to cease operations - - (32,061 ) Other operating expenses (7,636 ) (4,394 ) (3,393 ) Subtotal (35,199 ) (53,510 ) (82,422 ) Total (36,907 ) (53,600 ) (82,533 ) |
Disclosure of detailed information about other income expenses [Text Block] | 25.6 Other gains (losses) 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Adjust previous year application method of participation (664 ) 500 (721 ) Impairment of interests in joint ventures (1) (8,802 ) - - Sales of investments (2) 13,748 - 7,636 Others 2,122 43 (6,236 ) Total 6,404 543 679 (1) See Note 10.2. (2) During the month of December 2018, SQM S.A. sold its interest in Minera Exar S.A. generating a pre-tax profit of ThUS$14,507. |
Disclosure Of Impairment Losses And Reversal Of Impairment Losses [Table Text Block] | 25.7 Impairment of gains and reversal of impairment losses 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Net impairment gains on reversal (losses) of financial assets 2,967 (8,038 ) (7,198 ) Total 2,967 (8,038 ) (7,198 ) |
Disclosure of detailed information about expenses by nature [Text Block] | 25.8 Summary of expenses by nature January to December 2018 2017 2016 ThUS$ ThUS$ ThUS$ Raw materials and consumables (260,863 ) (227,620 ) (208,697 ) Classes of Employee Benefit Expenses Personnel expenses (267,449 ) (223,845 ) (209,527 ) Depreciation and amortization expense Depreciation expense (212,641 ) (232,365 ) (271,239 ) Amortization expense (8,858 ) (8,161 ) (12,444 ) Operating leases (79,951 ) (84,257 ) (75,784 ) Legal expenses (15,139 ) (25,176 ) (5,737 ) Investment plan expenses (26,803 ) (27,186 ) (24,354 ) Contractors (86,313 ) (78,920 ) (72,112 ) Mining concessions (8,168 ) (7,802 ) (7,313 ) Operation transport (64,352 ) (69,052 ) (59,399 ) Freight and product transport costs (43,510 ) (55,383 ) (64,857 ) Purchase of products from third parties (239,781 ) (208,147 ) (211,928 ) Office expenses (17,981 ) (15,612 ) (17,215 ) CORFO rights (182,954 ) (46,274 ) (41,962 ) Export costs (84,816 ) (83,057 ) (105,307 ) Representation expenses (4,805 ) (4,781 ) (4,022 ) Restructuring of joint ventures 6,000 (6,000 ) - Plant suspension expenses - - (32,061 ) Consultant and advisor services (12,848 ) (14,348 ) (16,474 ) Variation in inventory 11,600 (90,998 ) (10,774 ) Other expenses, by nature (38,925 ) (40,609 ) (48,048 ) Other expenses by nature (1,638,557 ) (1,549,593 ) (1,499,254 ) |
Disclosure of interest expense [text block] | 25.9 Finance expenses January to December 2018 2017 2016 ThUS$ ThUS$ ThUS$ Interest expense from bank borrowings and overdrafts (1,707 ) (1,650 ) (1,847 ) Interest expense from bonds (55,887 ) (49,373 ) (55,563 ) Interest expense from loans (3,093 ) (2,002 ) (4,419 ) Capitalized interest expenses 5,021 4,382 5,406 Financial expenses for site closure (960 ) - - Other finance costs (3,288 ) (1,481 ) (1,075 ) Total (59,914 ) (50,124 ) (57,498 ) |
Reportable segments (Tables)
Reportable segments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of entity's operating segments [Abstract] | |
Disclosure of entity's operating segments [text block] | Operating segment items Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Reportable segments Operating segments Unallocated amounts Total 12/31/2018 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 781,750 324,972 734,801 108,268 267,474 48,538 2,265,803 2,265,803 2,265,803 Revenues from transactions with other operating segments of the same entity - - - - - - - - - - Revenues from external customers and transactions with other operating segments of the same entity 781,750 324,972 734,801 108,268 267,474 48,538 2,265,803 2,265,803 2,265,803 Costs of sales (613,267 ) (217,464 ) (316,875 ) (72,964 ) (217,386 ) (45,568 ) (1,483,524 ) (1,483,524 ) (1,483,524 ) Administrative expenses - - - - - - - - (118,126 ) (118,126 ) Interest expense - - - - - - - - (59,914 ) (59,914 ) Depreciation and amortization expense (73,073 ) (45,280 ) (44,837 ) (16,041 ) (41,891 ) (377 ) (221,499 ) (221,499 ) (221,499 ) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - - - 6,351 6,351 Income tax expense, continuing operations - - - - - - - - (178,975 ) (178,975 ) Other items other than significant cash Income (loss) before taxes 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (161,241 ) 621,038 Net income (loss) from continuing operations 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (340,216 ) 442,063 Net income (loss) from discontinued operations Net income (loss) 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (340,216 ) 442,063 Assets - - - - - - - - 4,268,094 4,268,094 Equity-accounted investees - - - - - - - - 111,549 111,549 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts (15,028 ) (15,028 ) Increase of non-current assets - - - - - - - - Liabilities - - - - - - - - 2,130,291 2,130,291 Impairment loss recognized in profit or loss (2,227 ) (1,171 ) (243 ) (79 ) (3,006 ) (553 ) (7,279 ) (7,279 ) 2,985 (4,294 ) Reversal of impairment losses recognized in profit or loss for the period - - - - - - - - - - Cash flows from (used in) operating activities - - - - - - - - 524,1839 524,839 Cash flows from (used in) investing activities - - - - - - - - (187,004 ) (187,004 ) Cash flows from (used in) financing activities - - - - - - - - (387,313 ) (387,313 ) Operating segment items Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Reportable segments Operating segments Unallocated amounts Total 12/31/2018 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 781,750 324,972 734,801 108,268 267,474 48,538 2,265,803 2,265,803 2,265,803 Revenues from transactions with other operating segments of the same entity - - - - - - - - - - Revenues from external customers and transactions with other operating segments of the same entity 781,750 324,972 734,801 108,268 267,474 48,538 2,265,803 2,265,803 2,265,803 Costs of sales (613,267 ) (217,464 ) (316,875 ) (72,964 ) (217,386 ) (45,568 ) (1,483,524 ) (1,483,524 ) (1,483,524 ) Administrative expenses - - - - - - - - (118,126 ) (118,126 ) Interest expense - - - - - - - - (59,914 ) (59,914 ) Depreciation and amortization expense (73,073 ) (45,280 ) (44,837 ) (16,041 ) (41,891 ) (377 ) (221,499 ) (221,499 ) (221,499 ) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - - - 6,351 6,351 Income tax expense, continuing operations - - - - - - - - (178,975 ) (178,975 ) Other items other than significant cash Income (loss) before taxes 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (161,241 ) 621,038 Net income (loss) from continuing operations 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (340,216 ) 442,063 Net income (loss) from discontinued operations Net income (loss) 168,483 107,508 417,926 35,304 50,088 2,970 782,279 782,279 (340,216 ) 442,063 Assets - - - - - - - - 4,268,094 4,268,094 Equity-accounted investees - - - - - - - - 111,549 111,549 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts (15,028 ) (15,028 ) Increase of non-current assets - - - - - - - - Liabilities - - - - - - - - 2,130,291 2,130,291 Impairment loss recognized in profit or loss (2,227 ) (1,171 ) (243 ) (79 ) (3,006 ) (553 ) (7,279 ) (7,279 ) 2,985 (4,294 ) Reversal of impairment losses recognized in profit or loss for the period - - - - - - - - - - Cash flows from (used in) operating activities - - - - - - - - 524,1839 524,839 Cash flows from (used in) investing activities - - - - - - - - (187,004 ) (187,004 ) Cash flows from (used in) financing activities - - - - - - - - (387,313 ) (387,313 ) Operating segment items Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Reportable segments Operating segments Unallocated amounts Total 12/31/2017 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 697,251 252,123 644,573 135,578 379,326 48,472 2,157,323 2,157,323 - 2,157,323 Revenues from transactions with other operating segments of the same entity - - - - - - - - - - Revenues from external customers and transactions with other operating segments of the same entity 697,251 252,123 644,573 135,578 379,326 48,472 2,157,323 2,157,323 - 2,157,323 Costs of sales (555,356 ) (199,808 ) (189,242 ) (91,753 ) (313,690 ) (44,973 ) (1,394,822 ) (1,394,822 ) - (1,394,822 ) Administrative expenses - - - - - - - - (101,171 ) (101,171 ) Interest expense - - - - - - - - (50,124 ) (50,124 ) Depreciation and amortization expense (73,702 ) (44,252 ) (18,036 ) (16,050 ) (88,130 ) (356 ) (240,526 ) (240,526 ) - (240,526 ) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - - - 14,452 14,452 Income tax expense, continuing operations - - - - - - - - (166,173 ) (166,173 ) Other items other than significant cash Income (loss) before taxes 141,895 52,315 455,331 43,825 65,636 3,499 762,501 762,501 (167,911 ) 594,590 Net income (loss) from continuing operations 141,895 52,315 455,331 43,825 65,636 3,499 762,501 762,501 (334,084 ) 428,417 Net income (loss) from discontinued operations Net income (loss) 141,895 52,315 455,331 43,825 65,636 3,499 762,501 762,501 (334,084 ) 428,417 Assets - - - - - - - - 4,296,236 4,296,236 Equity-accounted investees - - - - - - - - 152,630 152,630 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts - - Increase of non-current assets - - - - - - - - - - Liabilities - - - - - - - - 2,048,768 2,048,768 Impairment loss recognized in profit or loss (15,025 ) 335 1,112 (3,546 ) (240 ) (219 ) (17,583 ) (17,583 ) (14,316 ) (31,899 ) Reversal of impairment losses recognized in profit or loss for the period - - - - - - - - - - Cash flows from (used in) operating activities - - - - - - - - 758,272 758,272 Cash flows from (used in) investing activities - - - - - - - - (248,067 ) (248,067 ) Cash flows from (used in) financing activities - - - - - - - - (411,920 ) (411,920 ) 12/31/2018 Items in the statement of comprehensive income Specialty plant nutrients ThUS$ Iodine and its derivatives ThUS$ Lithium and its derivatives ThUS$ Industrial chemicals ThUS$ Potassium ThUS$ Other products and services ThUS$ Corporate Unit ThUS$ Total segments and Corporate unit ThUS$ Revenue 781,750 324,972 734,801 108,268 267,474 48,538 - 2,265,803 Cost of sales (613,267 ) (217,464 ) (316,875 ) (72,964 ) (217,386 ) (45,568 ) - (1,483,524 ) Gross profit 168,483 107,508 417,926 35,304 50,088 2,970 - 782,279 Other incomes by function - - - - - - 32,048 32,048 Administrative expenses - - - - - - (118,126 ) (118,126 ) Other expenses by function - - - - - - (36,907 ) (36,907 ) Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 - - - - - - 2,967 2,967 Other gains (losses) - - - - - - 6,404 6,404 Financial income - - - - - - 22,533 22,533 Financial costs - - - - - - (59,914 ) (59,914 ) interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - 6,351 6,351 Exchange differences - - - - - - (16,597 ) (16,597 ) Profit (loss) before taxes 168,483 107,508 417,926 35,304 50,088 2,970 (161,241 ) 621,038 Income tax expense - - - - - - (178,975 ) (178,975 ) Profit (loss) from continuing operations 168,483 107,508 417,926 35,304 50,088 2,970 (340,216 ) 442,063 Profit (loss) from discontinued operations - - - - - - - - Profit (loss) 168,483 107,508 417,926 35,304 50,088 2,970 (340,216 ) 442,063 Profit (loss), attributable to Profit (loss) attributable to the controller´s owners - - - - - - - 439,830 Profit (loss) attributable to the non-controllers - - - - - - - 2,233 Profit (loss) - - - - - - - 442,063 12/31/2017 Items in the statement of comprehensive income Specialty plant nutrients ThUS$ Iodine and its derivatives ThUS$ Lithium and its derivatives ThUS$ Industrial chemicals ThUS$ Potassium ThUS$ Other products and services ThUS$ Corporate Unit ThUS$ Total segments and Corporate unit ThUS$ Revenue 697,251 252,123 644,573 135,578 379,326 48,472 - 2,157,323 Cost of sales (555,356 ) (199,808 ) (189,242 ) (91,753 ) (313,690 ) (44,973 ) - (1,394,822 ) Gross profit 141,895 52,315 455,331 43,825 65,636 3,499 - 762,501 Other incomes by function - - - - - - 17,827 17,827 Administrative expenses - - - - - - (101,171 ) (101,171 ) Other expenses by function - - - - - - (53,600 ) (53,600 ) Other gains (losses) - - - - - - 543 543 Financial income - - - - - - 13,499 13,499 Financial costs - - - - - - (50,124 ) (50,124 ) Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 - - - - - - (8,038 ) (8,038 ) interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - 14,452 14,452 Exchange differences - - - - - - (1,299 ) (1,299 ) Profit (loss) before taxes 141,895 52,315 455,331 43,825 65,636 3,499 (167,911 ) 594,590 Income tax expense - - - - - - (166,173 ) (166,173 ) Profit (loss) from continuing operations 141,895 52,315 455,331 43,825 65,636 3,499 (334,084 ) 428,417 Profit (loss) from discontinued operations - - - - - - - - Profit (loss) 141,895 52,315 455,331 43,825 65,636 3,499 (334,084 ) 428,417 Profit (loss), attributable to - - - - - - - - Profit (loss) attributable to the controller´s owners - - - - - - - 427,697 Profit (loss) attributable to the non-controllers - - - - - - - 720 Profit (loss) - - - - - - - 428,417 12/31/2017 Items in the statement of comprehensive income Specialty plant nutrients ThUS$ Iodine and its derivatives ThUS$ Lithium and its derivatives ThUS$ Industrial chemicals ThUS$ Potassium ThUS$ Other products and services ThUS$ Corporate Unit ThUS$ Total segments and Corporate unit ThUS$ Revenue 697,251 252,123 644,573 135,578 379,326 48,472 - 2,157,323 Cost of sales (555,356 ) (199,808 ) (189,242 ) (91,753 ) (313,690 ) (44,973 ) - (1,394,822 ) Gross profit 141,895 52,315 455,331 43,825 65,636 3,499 - 762,501 Other incomes by function - - - - - - 17,827 17,827 Administrative expenses - - - - - - (101,171 ) (101,171 ) Other expenses by function - - - - - - (53,600 ) (53,600 ) Other gains (losses) - - - - - - 543 543 Financial income - - - - - - 13,499 13,499 Financial costs - - - - - - (50,124 ) (50,124 ) Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 - - - - - - (8,038 ) (8,038 ) interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - 14,452 14,452 Exchange differences - - - - - - (1,299 ) (1,299 ) Profit (loss) before taxes 141,895 52,315 455,331 43,825 65,636 3,499 (167,911 ) 594,590 Income tax expense - - - - - - (166,173 ) (166,173 ) Profit (loss) from continuing operations 141,895 52,315 455,331 43,825 65,636 3,499 (334,084 ) 428,417 Profit (loss) from discontinued operations - - - - - - - - Profit (loss) 141,895 52,315 455,331 43,825 65,636 3,499 (334,084 ) 428,417 Profit (loss), attributable to - - - - - - - - Profit (loss) attributable to the controller´s owners - - - - - - - 427,697 Profit (loss) attributable to the non-controllers - - - - - - - 720 Profit (loss) - - - - - - - 428,417 12/31/2016 Items in the statement of comprehensive income Specialty plant nutrients ThUS$ Iodine and its derivatives ThUS$ Lithium and its derivatives ThUS$ Industrial chemicals ThUS$ Potassium ThUS$ Other products and services ThUS$ Corporate Unit ThUS$ Total segments and Corporate unit ThUS$ Revenue 623,853 231,144 514,627 104,137 403,323 62,238 - 1,939,322 Cost of sales (478,074 ) (191,298 ) (175,616 ) (67,378 ) (359,477 ) (56,442 ) - (1,328,285 ) Gross profit 145,779 39,846 339,011 36,759 43,846 5,796 - 611,037 Other incomes by function - - - - - - 15,202 15,202 Administrative expenses - - - - - - (88,436 ) (88,436 ) Other expenses by function - - - - - - (82,533 ) (82,533 ) Other gains (losses) - - - - - - 679 679 Financial income - - - - - - 10,129 10,129 Financial costs - - - - - - (57,498 ) (57,498 ) Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 - - - - - - 7,198 7,198 interest in the profit or loss of associates and joint ventures accounted for by the equity method - - - - - - 13,047 13,047 Exchange differences - - - - - - 460 460 Profit (loss) before taxes 145,779 39,846 339,011 36,759 43,846 5,796 (196,148 ) 414,889 Income tax expense - - - - - - (132,965 ) (132,965 ) Profit (loss) from continuing operations 145,779 39,846 339,011 36,759 43,846 5,796 (329,113 ) 281,924 Profit (loss) from discontinued operations - - - - - - - - Profit (loss) 145,779 39,846 339,011 36,759 43,846 5,796 (329,113 ) 281,924 Profit (loss), attributable to Profit (loss) attributable to the controller´s owners - - - - - - - 278,290 Profit (loss) attributable to the non-controllers - - - - - - - 3,634 Profit (loss) - - - - - - - 281,924 |
Disclosure of geographical areas [text block] | 26.6 Segments by geographical areas as of December 31, 2018, 2017 and 2016 12/31/2018 Items Chile ThUS$ Latin America and the Caribbean ThUS$ Europe ThUS$ North America ThUS$ Asia and others ThUS$ Total ThUS$ Revenue 189,349 180,189 479,664 471,515 945,086 2,265,803 Investment accounted for under the equity method (6,588 ) - 61,256 16,115 40,766 111,549 Intangible assets other than goodwill 110,544 - 386 152 77,201 188,283 Goodwill 22,535 86 11,373 724 - 34,718 Property, plant and equipment, net 1,445,349 347 4,451 3,098 1,578 1,454,823 Investment property - - - - - - Other non-current assets 17,111 23 - (892 ) 11,298 27,540 Non-current assets that are not financial instruments 1,588,951 456 77,466 19,197 130,843 1,816,913 12/31/2017 Items Chile ThUS$ Latin America and the Caribbean ThUS$ Europe ThUS$ North America ThUS$ Asia and others ThUS$ Total ThUS$ Revenue 140,764 228,759 1,048,556 441,377 297,867 2,157,323 Investment accounted for under the equity method (5,513 ) 33,065 33,318 15,193 76,567 152,630 Intangible assets other than goodwill 113,152 - 453 182 - 113,787 Goodwill 23,731 6,290 11,374 724 2,058 44,177 Property, plant and equipment, net 1,421,141 313 3,857 2,469 1,574 1,429,354 Investment property - - - - - - Other non-current assets 19,234 28 - - - 19,262 Non-current assets that are not financial instruments 1,571,745 39,696 49,002 18,568 80,199 1,759,210 12/31/2016 Items Chile ThUS$ Latin America and the Caribbean ThUS$ Europe ThUS$ North America ThUS$ Asia and others ThUS$ Total ThUS$ Revenue 162,477 240,607 411,807 416,380 708,051 1,939,323 Investment accounted for under the equity method - 5,000 25,009 13,456 69,675 113,140 Intangible assets other than goodwill 109,227 - - 211 1 109,439 Goodwill 23,731 86 11,373 724 2,058 37,972 Property, plant and equipment, net 1,526,992 234 3,521 2,536 1,483 1,534,766 Investment property - - - - - - Other non-current assets 24,551 139 - - - 24,690 Non-current assets that are not financial instruments 1,684,501 5,459 39,903 16,927 73,217 1,820,007 |
Borrowing costs (Tables)
Borrowing costs (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Borrowing costs [abstract] | |
Disclosure of rates and costs for capitalized interest of property, plant and equipment [Text Block] | The rates and costs for capitalized interest of property, plant and equipment are detailed as follows: 12/31/2018 12/31/2017 Capitalization rate of costs for capitalized interest, property, plant and equipment 4 % 4 % Amount of costs for interest capitalized in ThUS$ 5,021 4,382 |
Effect of fluctuations in for_2
Effect of fluctuations in foreign currency exchange rates (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of effect of changes in foreign exchange rates [Abstract] | |
Disclosure of foreign currency exchange differences recognized in profit or loss except for financial instruments measured at fair value through profit or loss [Text Block] | a) Foreign currency exchange differences recognized in profit or loss except for financial instruments measured at fair value through profit or loss: 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Conversion foreign exchange gains (losses) recognized in the result of the year. (16,597 ) (1,299 ) 460 Conversion foreign exchange reserves attributable to the owners of the controlling entity. (1,394 ) (5,450 ) (5,428 ) Conversion foreign exchange reserves attributable to the non-controlling entity. 168 4 35 |
Disclosure of reserve of exchange differences on translation [Text Block] | As of December 31, 2018 and 2017, foreign currency exchange differences are detailed as follows: Detail 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Changes in equity generated by conversion of equity value: Comercial Hydro S.A. 1,004 1,004 1,004 SQMC Internacional Ltda. (17 ) (2 ) (13 ) Proinsa Ltda. (11 ) (7 ) (10 ) Comercial Agrorama Ltda. (21 ) (44 ) (69 ) Isapre Norte Grande Ltda. (1 ) (74 ) (124 ) Almacenes y Depósitos Ltda. 113 97 47 Sacal S.A. (3 ) - (29 ) Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. (10 ) - (6 ) Agrorama S.A. 132 (98 ) (49 ) Doktor Tarsa (13,811 ) (14,447 ) (12,264 ) SQM Vitas Fzco (2,682 ) (1,779 ) (1,801 ) Ajay Europe (1,270 ) (831 ) (1,935 ) SQM Eastmed Turkey (113 ) (92 ) (95 ) Charlee SQM (Thailand) Co. Ltd. - (285 ) (460 ) Coromandel SQM India (393 ) (234 ) (282 ) SQM Italia SRL (213 ) (154 ) (287 ) SQM Oceanía Pty Ltd. (634 ) (634 ) (634 ) SQM Indonesia S.A. (124 ) (124 ) (124 ) Abu Dhabi Fertillizers Industries WWL. (435 ) (435 ) (434 ) SQM Vitas Holland (170 ) (101 ) (280 ) SQM Thailand Limited (68 ) (68 ) (68 ) SQM Europe (1,983 ) (1,550 ) (1,550 ) Minera Exar S.A. - (5,209 ) - SQM Australia Pty Ltd. (4,222 ) 154 - Pavoni & C. Spa 70 - - Terra Tarsa BV (82 ) - - Plantacote NV (34 ) - - Doktolab Tarim Arastirma San. (29 ) - - Kore Potash PLC (a) (1,206 ) - - SQM Colombia SAS (94 ) - - Total (26,307 ) (24,913 ) (19,463 ) |
Disclosures on the effects of_2
Disclosures on the effects of fluctuations in foreign currency exchange rates (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Foreign exchange rates [abstract] | |
Disclosure of detailed information about assets held in foreign currency subject to fluctuations in exchange rates [Text Block] | Assets held in foreign currency subject to fluctuations in exchange rates are detailed as follows: Class of assets Currency 12/31/2018 12/31/2017 Current assets: Cash and cash equivalents ARS 2 1 Cash and cash equivalents BRL - 38 Cash and cash equivalents CLP 157,500 579 Cash and cash equivalents CNY 2,305 1,143 Cash and cash equivalents EUR 4,738 9,782 Cash and cash equivalents GBP - 55 Cash and cash equivalents AUD 29,598 - Cash and cash equivalents MXN 1,242 258 Cash and cash equivalents PEN 1 8 Cash and cash equivalents THB 1 - Cash and cash equivalents YEN 1,786 1,773 Cash and cash equivalents ZAR 5,219 4,074 Subtotal cash and cash equivalents 202,392 17,711 Other current financial assets CLP 20,931 39,126 Subtotal other current financial assets 20,931 39,126 Other current non-financial assets BRL - 1 Other current non-financial assets ARS 2 - Other current non-financial assets AUD 102 - Other current non-financial assets COP - 30 Other current non-financial assets CLF 47 46 Other current non-financial assets CLP 20,276 12,172 Other current non-financial assets CNY 8 12 Other current non-financial assets EUR 3,153 235 Other current non-financial assets MXN 3,274 1,429 Other current non-financial assets THB 19 279 Other current non-financial assets PEN - 20 Other current non-financial assets YEN 21 18 Other current non-financial assets ZAR 1,547 2,941 Subtotal other current non-financial assets 28,449 17,183 Trade and other receivables ARS - 6 Trade and other receivables BRL 20 23 Trade and other receivables CLF 453 427 Trade and other receivables CLP 71,730 85,837 Trade and other receivables CNY 11,361 10,426 Trade and other receivables EUR 31,426 49,627 Trade and other receivables GBP - 90 Trade and other receivables MXN 452 195 Trade and other receivables AED 15,841 546 Trade and other receivables THB 2,970 791 Trade and other receivables YEN 76,267 41,582 Trade and other receivables ZAR 571 23,825 Subtotal trade and other receivables 211,091 213,375 Receivables from related parties EUR 105 58 Receivables from related parties THB - 74 Subtotal receivables from related parties 105 132 Class of assets Currency 12/31/2018 ThUS$ 12/31/2017 ThUS$ Current tax assets ARS 2 4 Current tax assets CLP 601 1,413 Current tax assets EUR 3,500 183 Current tax assets ZAR - 431 Current tax assets MXN 843 - Current tax assets PEN 131 201 Subtotal current tax assets 5,077 2,232 Subtotal current assets 468,045 289,759 Non-current assets Other non-current financial assets CLP 20 20 Other non-current financial assets YEN 72 42 Subtotal other non-current financial assets 92 62 Other non-current non-financial assets BRL 23 27 Other non-current non-financial assets CLP 758 822 Subtotal other non-current non-financial assets 781 849 Non-current right receivable CLF 329 209 Non-current right receivable COP - 47 Non-current right receivable CLP 1,807 1,256 Subtotal non-current rights receivable 2,136 1,512 Equity-accounted investees AED 31,023 35,414 Equity-accounted investees EUR 14,929 8,144 Equity-accounted investees INR 1,729 1,632 Equity-accounted investees THB 53 2,491 Equity-accounted investees TRY 21,892 21,741 Subtotal equity-accounted investees 69,626 69,422 Intangible assets other than goodwill CLP 85 48 Subtotal intangible assets other than goodwill 85 48 Property, plant and equipment CLP 3,387 3,574 Subtotal property, plant and equipment 3,387 3,574 Total non-current assets 76,107 75,467 Total assets 544,152 365,226 |
Disclosure of detailed information about liabilities held in foreign currencies [Text Block] | Liabilities held in foreign currencies are detailed as follows: 12/31/2018 12/31/2017 Class of liability Currency 91 days to 1 ThUS$ 91 days to 1 Total Up to90 days 91 days to 1 Total Current liabilities Other current financial liabilities CLF 342 6,256 6,598 4,947 - 4,947 Other current financial liabilities BRL 52 - 52 - - - Subtotal other current financial liabilities 394 6,256 6,650 4,947 - 4,947 Trade and other payables BRL 34 - 34 37 - 37 Trade and other payables THB 65 - 65 91 - 91 Trade and other payables CLP 69,789 - 69,789 61,310 4,361 65,671 Trade and other payables EUR 36,439 36,439 32,896 - 32,896 Trade and other payables GBP - - - 11 - 11 Trade and other payables INR 1 - 1 1 - 1 Trade and other payables MXN 7 - 7 13 - 13 Trade and other payables PEN - - - 3 - 3 Trade and other payables ZAR 1,842 1,842 2,541 - 2,541 Subtotal trade and other payables 108,177 - 108,177 96,903 4,361 101,264 Other current provisions ARS - 13 13 - 12 12 Other current provisions BRL 707 - 707 739 - 739 Other current provisions CLP - 64 64 - 80 80 Other current provisions EUR 243 - 243 243 - 243 Subtotal other current provisions 950 77 1,027 982 92 1,074 Current tax liabilities CLP - 31 31 - 326 326 Current tax liabilities BRL - 3 3 - 6 6 Current tax liabilities CNY - 8 8 3 - 3 Current tax liabilities EUR 4,548 1,000 5,548 - 644 644 Current tax liabilities ZAR - 201 201 264 - 264 Current tax liabilities MXN - 9 9 3 3,071 3,074 Subtotal current tax liabilities 4,548 1,252 5,800 270 4,047 4,317 12/31/2018 12/31/2017 Class of liability Currency Up to 90 ThUS$ over 90 days ThUS$ Total ThUS$ Up to 90 ThUS$ Over 90 days ThUS$ Total ThUS$ Other current non-financial liabilities BRL 3 - 3 15 - 15 Other current non-financial liabilities CLP 7,703 6,431 14,134 8,708 1,824 10,532 Other current non-financial liabilities CNY 11 40 51 7 - 7 Other current non-financial liabilities EUR 1,053 - 1,053 2,955 - 2,955 Other current non-financial liabilities MXN 103 46 149 346 34 380 Other current non-financial liabilities YEN - - - - - - Other current non-financial liabilities PEN 70 - 70 70 - 70 Other current non-financial liabilities ZAR 11 - 11 12 - 12 Subtotal other current non-financial liabilities 8,954 6,517 15,471 12,113 1,858 13,971 Total current liabilities 123,023 14,102 137,125 115,215 10,358 125,573 12/31/2018 Class of liability Currency 1 to 2 years ThUS$ 2 to 3 years ThUS$ 3 to 4 years ThUS$ 4 to 5 years ThUS$ Over 5 years ThUS$ Total ThUS$ Non-current liabilities Other non-current financial liabilities CLF - - - - 453,818 453,818 Subtotal other non-current financial liabilities - - - - 453,818 453,818 Non-current provisions for employee benefits CLP - - - - 521 521 Non-current provisions for employee benefits MXN - - - - 175 175 Non-current provisions for employee benefits YEN - - - - 171 171 Subtotal non-current provisions for employee benefits - - - - 867 867 Total non-current liabilities - - - - 454,685 454,685 12/31/2017 Class of liability Currency 1 to 2 ThUS$ 2 to 3 ThUS$ 3 to 4 ThUS$ 4 to 5 years ThUS$ Over 5 ThUS$ Total ThUS$ Non-current liabilities Other non-current financial liabilities CLF - - - - 237,279 237,279 Subtotal other non-current financial liabilities - - - - 237,279 237,279 Non-current provisions for employee benefits CLP - - - - 601 601 Non-current provisions for employee benefits MXN - - - - 65 65 Non-current provisions for employee benefits YEN - - - - 626 626 Subtotal non-current provisions for employee benefits - - - - 1,292 1,292 Total non-current liabilities - - - - 238,571 238,571 |
Income tax and deferred taxes (
Income tax and deferred taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of income tax [Abstract] | |
Disclosure of detailed information about current and non-current tax assets [Text Block] | a) Current tax assets 12/31/2018 12/31/2017 ThUS$ ThUS$ Monthly provisional income tax payments, Chilean companies 21,172 2,802 Monthly provisional income tax payments, foreign companies 5,199 808 Corporate tax credits (1) 1,858 456 Taxes in recovery process 28,881 28,225 Total 57,110 32,291 b) Non-current tax assets 12/31/2018 12/31/2017 ThUS$ ThUS$ Monthly provisional income tax payments, Chilean companies 6,398 6,398 Specific tax on mining activities paid (on consignment) 25,781 25,781 Total 32,179 32,179 (1) These credits are available for Companies and are related to corporate tax payments in April of the following year. These credits include, among others, credits for training expenses (SENCE), credits for acquisition of fixed assets, donations and credits in Chile for taxes paid abroad. |
Disclosure of detailed information about current tax liabilities [Text Block] | Current tax liabilities Current tax liabilities 12/31/2018 12/31/2017 ThUS$ ThUS$ 1st Category income tax 25,163 45,479 Foreign company income tax 21,097 28,996 Article 21 single tax 1,152 927 Total 47,412 75,402 |
Description of detailed information regarding income tax rates applicable for various countries [Text Block] | The income tax rate for the main countries where the Company operates is presented below : Country Income tax 2018 Income tax 2017 Spain 25 25 Belgium 29.58 33.99 Mexico 30% 30 United States 21% 34%+6% South Africa 28% 28 |
Disclosure of deferred taxes [text block] | Income tax assets and liabilities as of December 31, 2018 are detailed as follows: Net liability position Description of deferred tax assets and liabilities Assets Liabilities ThUS$ ThUS$ Unrealized loss 75,832 - Property, plant and equipment and capitalized interest - (196,843 ) Facility closure provision 4,280 - Manufacturing expenses - (103,760 ) Staff severance indemnities, unemployment insurance - (5,679 ) Vacation accrual 5,155 - Inventory provision 28,155 - Materials provision 6,239 - Forwards 2,169 - Employee benefits 3,309 - Research and development expenses - (2,216 ) Accounts receivable 4,188 - Provision for legal complaints and expenses 4,013 - Loan approval expenses - (2,337 ) Junior mining companies (valued based on stock price) - (976 ) Royalty - (3,278 ) Tax loss benefit 1,124 - Other 5,005 - Foreign items (other) 259 - Balances to date 139,728 (315,089 ) Net balance - (175,361 ) d.2) Income tax assets and liabilities as of December 31, 2017 are detailed as follows Net liability position Description of deferred tax assets and liabilities Assets Liabilities ThUS$ ThUS$ Unrealized loss 68,544 - Property, plant and equipment and capitalized interest - (211,374 ) Facility closure provision 3,469 - Manufacturing expenses - (102,748 ) Staff severance indemnities, unemployment - (6,792 ) Vacation accrual 4,887 - Inventory provision 25,172 - Materials provision 7,107 - Forwards 624 - Employee benefits 2,317 - Research and development expenses - (3,501 ) Accounts receivable 4,253 - Provision for legal complaints and expenses 5,243 - Loan approval expenses - (2,670 ) Junior mining companies (valued based on stock price) - (2,474 ) Royalty - (4,084 ) Tax loss benefit 1,437 - Other 5,002 - Foreign items (other) 305 - Balances to date 128,360 (333,643 ) Net balance - (205,283 ) |
Disclosure of detailed information about reconciliation of changes in deferred tax liabilities assets [Text Block] | Deferred tax liability (asset) at beginning of period Deferred tax expense (benefit) recognized in profit (loss) for the year Deferred taxes related to items credited (charged) directly to equity Total increases (decreases) in deferred tax liabilities (assets) Deferred tax liability (asset) at end of period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (68,544 ) (7,288 ) - (7,288 ) (75,832 ) Property, plant and equipment and capitalized interest 211,374 (14,531 ) - (14,531 ) 196,843 Facility closure provision (3,469 ) (811 ) - (811 ) (4,280 ) Manufacturing expenses 102,748 1,012 - 1,012 103,760 Individual savings plans, unemployment insurance 6,792 (667 ) (446 ) (1,113 ) 5,679 Vacation accrual (4,887 ) (268 ) - (268 ) (5,155 ) Inventory provision (25,172 ) (2,983 ) - (2,983 ) (28,155 ) Materials provision (7,107 ) 868 - 868 (6,239 ) Forwards (624 ) (1,545 ) - (1,545 ) (2,169 ) Employee benefits (2,317 ) (992 ) - (992 ) (3,309 ) Research and development expenses 3,501 (1,285 ) - (1,285 ) 2,216 Accounts receivable (4,253 ) 686 (621 ) 65 (4,188 ) Provision for legal complaints and expenses (5,243 ) 1,230 - 1,230 (4,013 ) Loan approval expenses 2,670 (333 ) - (333 ) 2,337 Junior mining companies (valued based on stock price) 2,474 - (1,498 ) (1,498 ) 976 Royalty 4,084 (795 ) (11 ) (806 ) 3,278 Tax loss benefit (1,437 ) 313 - 313 (1,124 ) Other (5,002 ) (64 ) 61 (3 ) (5,005 ) Foreign items (other) (305 ) 46 - 46 (259 ) Total temporary differences, unused losses and unused tax credits 205,283 (27,407 ) (2,515 ) (29,922 ) 175,361 d.4) Reconciliation of changes in deferred tax liabilities (assets) as of December 31, 2017 Deferred tax liability (asset) at beginning of period Deferred tax expense (benefit) recognized in profit (loss) for the year Deferred taxes related to items credited (charged) directly to equity Total increases (decreases) in deferred tax liabilities (assets) Deferred tax liability (asset) at end of period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (86,156 ) 17,612 - 17,612 (68,544 ) Property, plant and equipment and capitalized interest 225,124 (13,750 ) - (13,750 ) 211,374 Facility closure provision (1,589 ) (1,880 ) - (1,880 ) (3,469 ) Manufacturing expenses 110,630 (7,882 ) - (7,882 ) 102,748 Individual savings plans, unemployment insurance 5,214 1,876 (298 ) 1,578 6,792 Vacation accrual (4,061 ) (826 ) - (826 ) (4,887 ) Inventory provision (20,684 ) (4,488 ) - (4,488 ) (25,172 ) Materials provision (7,776 ) 669 - 669 (7,107 ) Forwards (10,206 ) 9,582 - 9,582 (624 ) Employee benefits (6,783 ) 4,466 - 4,466 (2,317 ) Research and development expenses 4,641 (1,140 ) - (1,140 ) 3,501 Accounts receivable (4,305 ) 52 - 52 (4,253 ) Provision for legal complaints and expenses (7,686 ) 2,443 - 2,443 (5,243 ) Loan approval expenses 3,115 (445 ) - (445 ) 2,670 Junior mining companies (valued based on stock price) 1,300 624 550 1,174 2,474 Royalty 6,457 (2,389 ) 16 (2,373 ) 4,084 Tax loss benefit (1,302 ) (135 ) - (135 ) (1,437 ) Other (266 ) (4,736 ) - (4,736 ) (5,002 ) Foreign items (other) (212 ) (93 ) - (93 ) (305 ) Total temporary differences, unused losses and unused tax credits 205,455 (440 ) 268 (172 ) 205,283 |
Disclosure of detailed information about net operating loss carryforwards [Text Block] | As of December 31, 2018 and December 31, 2017, tax loss carryforwards are detailed as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Chile 1,125 1,437 Total 1,125 1,437 |
Disclosure of detailed information about unrecognized deferred tax assets and liabilities [Text Block] | Unrecognized deferred tax assets and liabilities as of December 31, 2018 and December 31, 2017 are as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Assets (liabilities) Assets (liabilities) Tax losses (NOLs) 32 37 Doubtful accounts impairment 47 48 Inventory impairment 947 1,347 Pensions plan 62 1 Accrued vacations 19 19 Depreciation (127 ) (139 ) Other (28 ) (36 ) Balances to date 952 1,277 |
Disclosure of detailed information about movements in deferred tax assets and liabilities [Text Block] | Movements in deferred tax assets and liabilities as of December 31, 2018 and December 31, 2017 are detailed as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Liabilities Liabilities (assets) Deferred tax assets and liabilities, net opening balance (205,283 ) (205,455 ) Increase (decrease) in deferred taxes in profit or loss 27,407 440 Increase (decrease) in deferred taxes in equity 2,515 (268 ) Balances to date (175,361 ) (205,283 ) |
Disclosure of detailed information about current and deferred tax expenses income [Text Block] | Current and deferred tax expenses (income) are detailed as follows: 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Income (expenses) Income (expenses) Income (expenses) Current income tax expense Current income tax expense (207,959 ) (182,567 ) (149,669 ) Adjustments to prior year current income tax 1,577 15,954 2,080 Current income tax expense, net, total (206,382 ) (166,613 ) (147,589 ) Deferred tax expense Deferred tax expense (income) relating to the creation and reversal of temporary differences 27,407 440 14,624 Deferred tax expense, net, total 27,407 440 14,624 Tax expense (income) (178,975 ) (166,173 ) (132,965 ) Tax expenses (income) for foreign and domestic parties are detailed as follows: 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Income (expenses) Income (expenses) Income (expenses) Current income tax expense by foreign and domestic parties, net Current income tax expense, foreign parties, net (7,516 ) (14,396 ) (10,844 ) Current income tax expense, domestic, net (198,866 ) (152,217 ) (136,745 ) Current income tax expense, net, total (206,382 ) (166,613 ) (147,589 ) Deferred tax expense by foreign and domestic parties, net Deferred tax expense, foreign parties, net (1,885 ) (154 ) 626 Deferred tax expense, domestic, net 29,292 594 13,998 Deferred tax expense, net, total 27,407 440 14,624 Income tax expense (178,975 ) (166,173 ) (132,965 ) |
Disclosure of detailed information about tax effects of other comprehensive income components [Text Block] | Disclosures on the tax effects of other comprehensive income components: Income tax related to other income and expense components with a charge or credit to net equity Amount before taxes (expense) gain Gains (losses) for income taxes Amount after taxes 12/31/2018 12/31/2018 12/31/2018 ThUS$ ThUS$ ThUS$ Gain (loss) from defined benefit plans (1,327 ) 396 (931 ) Cash flow hedge 5,723 - 5,723 Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income (5,546 ) 1,498 (4,048 ) Total (1,150 ) 1,894 (744 ) Income tax related to other income and expense components with a charge or credit to net equity Amount before taxes (expense) gain Gains (losses) for income taxes Amount after taxes 12/31/2017 12/31/2017 12/31/2017 ThUS$ ThUS$ ThUS$ Gain (loss) from defined benefit plans (1,401 ) 282 (1,119 ) Cash flow hedge 2,184 - 2,184 Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income (26 ) (550 ) (576 ) Total 757 (268 ) 489 Income tax related to other income and expense components with a charge or credit to net equity Amount before taxes (expense) gain Gains (losses) for income taxes Amount after taxes 12/31/2016 12/31/2016 12/31/2016 ThUS$ ThUS$ ThUS$ Gain (loss) from defined benefit plans (3,397 ) 921 (2,476 ) Cash flow hedge 2,233 (470 ) 1,763 Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income 4,813 (1,300 ) 3,513 Total 3,649 (849 ) 2,800 |
Disclosure of reconciliation of accounting profit multiplied by applicable tax rates [Text Block] | Reconciliation of numbers in income tax expenses (income) and the result of multiplying financial gain by the rate prevailing in Chile, Income (expense) 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Consolidated income before taxes 621,038 594,590 414,889 Income tax rate in force in Chile 27 % 25.5 % 24 % Tax expense using the legal rate (167,680 ) (151,620 ) (99,573 ) Effect of royalty tax payments. (4,919 ) (3,372 ) (6,311 ) Tax effect of revenue from regular activities exempt from taxation 1,446 2,886 2,461 Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) (4,566 ) (4,764 ) (10,202 ) Tax effect of tax rates supported abroad (8,714 ) (8,061 ) (15,933 ) IRS provision surplus 3,517 - - Fines affected by Article 21 (718 ) (1,517 ) (151 ) Other tax effects from reconciliation between accounting gains and tax expenses 2,659 275 (3,256 ) Tax expense using the effective rate (178,975 ) (166,173 ) (132,965 ) |
Assets held for sale (Tables)
Assets held for sale (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
Disclosure of detailed information about available for sale noncurrent assets [Text Block] | The following table shows the movements in assets held for sale: Assets held for sale 12/31/2018 12/31/2017 ThUS$ ThUS$ Terrenos Soquimich Comercial S.A. 1,430 1,480 Facilities and fixtures at Soquimich Comercial S.A. - 109 Total assets held for sale 1,430 1,589 |
Disclosure of detailed information about cash flow related to investments in associates and joint ventures were sold | Financial Performace and Cash Flow information Minera Exar S.A. Charlee SQM Thailand Co. Ltd. Total 12/31/2018 ThUS$ ThUS$ ThUS$ Share in the profits (losses) of associates and joint ventures accounted for using the equity method (206 ) 316 110 Income before tax (206 ) 316 110 Cash detail from Sale of Investments Net cash generated from operating activities 13,232 - 13,232 Net cash generated from investment activities 68,000 988 68,988 Net increase in cash generated by sales of investments 81,232 988 82,220 |
Disclosure of detailed information about sale of investments in associates and joint venture | Determination of profit from sale of investments Details of the sale of investments in associates and joint ventures Minera Exar S.A. Charlee SQM Thailand Co. Ltd. Total 12/31/2018 Considerations received or to be received ThUS$ ThUS$ ThUS$ Cash 87,500 988 88,488 Commercial debts and other accounts payable - 1,022 1,022 Total consideration for the provision Book value of net assets sold (67,635 ) (2,343 ) (69,978 ) Gain on the sale before the income tax and reclassification of the foreign currency conversion 19,865 (333 ) 19,532 Reclassification of the foreign currency conversion reserve (5,358 ) (426 ) (5,784 ) Income tax expense on income derived from gains (6,268 ) - (6,268 ) Profit after tax 8,239 (759 ) 7,480 |
Disclosure of detailed information about book value of the assets and liabilities of associates and subsidiaries sold | The book value of the assets and liabilities on the date of sale were: Items Minera Exar S.A. Charlee SQM Thailand Co. Ltd. Total 12/31/2018 ThUS$ ThUS$ ThUS$ Accounts receivable from current related entities (19,500 ) - (19,500 ) Investments accounted for using the equity method (35,628 ) (2,343 ) (37,971 ) Capital Gains (6,205 ) - (6,205 ) Property, Plant and Equipment (6,302 ) - (6,302 ) Total Assets (67,635 ) (2,343 ) (69,978 ) Total liabilities - - - Net assets (67,635 ) (2,343 ) (69,978 ) |
Identification and Activities_3
Identification and Activities of the Company and Subsidiaries (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
MT Li2CO3 One [Member] | |
Percentage of lease payment rate | 6.80% |
MT Li2CO3 One [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 0 |
MT Li2CO3 One [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | $ 4,000 |
MT Li2CO3 Two [Member] | |
Percentage of lease payment rate | 8.00% |
MT Li2CO3 Two [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 4,000 |
MT Li2CO3 Two [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | $ 5,000 |
MT Li2CO3 Three [Member] | |
Percentage of lease payment rate | 10.00% |
MT Li2CO3 Three [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 5,000 |
MT Li2CO3 Three [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | $ 6,000 |
MT Li2CO3 Four [Member] | |
Percentage of lease payment rate | 17.00% |
MT Li2CO3 Four [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 6,000 |
MT Li2CO3 Four [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | $ 7,000 |
MT Li2CO3 Five [Member] | |
Percentage of lease payment rate | 25.00% |
MT Li2CO3 Five [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 7,000 |
MT Li2CO3 Five [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | 10,000 |
MT Li2CO3 Six [Member] | |
Minimum operating lease payments recognised as expense | $ 10,000 |
Percentage of lease payment rate | 40.00% |
MT KCL one [Member] | |
Percentage of lease payment rate | 3.00% |
MT KCL one [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 0 |
MT KCL one [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | $ 300 |
MT KCL Two [Member] | |
Percentage of lease payment rate | 7.00% |
MT KCL Two [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 300 |
MT KCL Two [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | $ 400 |
MT KCL Three [Member] | |
Percentage of lease payment rate | 10.00% |
MT KCL Three [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 400 |
MT KCL Three [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | $ 500 |
MT KCL Four [Member] | |
Percentage of lease payment rate | 15.00% |
MT KCL Four [Member] | Bottom of range [member] | |
Minimum operating lease payments recognised as expense | $ 500 |
MT KCL Four [Member] | Top of range [member] | |
Minimum operating lease payments recognised as expense | 600 |
MT KCL Five [Member] | |
Minimum operating lease payments recognised as expense | $ 600 |
Percentage of lease payment rate | 20.00% |
Identification and Activities_4
Identification and Activities of the Company and Subsidiaries (Details 1) Pure in Thousands | Dec. 31, 2018 | Dec. 31, 2018Employees | Dec. 31, 2017 | Dec. 31, 2017Employees |
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 123 | 5,290 | 115 | 4,921 |
Executives [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 122 | 120 | ||
Professionals [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 1,193 | 1,085 | ||
Technicians and operators [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 3,547 | 3,425 | ||
Foreign employees [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 428 | 291 | ||
SQM S.A [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 419 | 453 | ||
SQM S.A [Member] | Executives [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 33 | 43 | ||
SQM S.A [Member] | Professionals [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 115 | 143 | ||
SQM S.A [Member] | Technicians and operators [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 260 | 248 | ||
SQM S.A [Member] | Foreign employees [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 11 | 19 | ||
Other Subsidiaries [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 4,871 | 4,468 | ||
Other Subsidiaries [Member] | Executives [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 89 | 77 | ||
Other Subsidiaries [Member] | Professionals [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 1,078 | 942 | ||
Other Subsidiaries [Member] | Technicians and operators [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 3,287 | 3,177 | ||
Other Subsidiaries [Member] | Foreign employees [Member] | ||||
Disclosure Of Information About Employees Explanatory [Line Items] | ||||
Number of employees | 417 | 272 |
Identification and Activities_5
Identification and Activities of the Company and Subsidiaries (Details 2) - shares | Dec. 31, 2018 | Dec. 31, 2017 |
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 7,138,685 | |
Number of Shares Outstanding, Ownership Percentage | 5.93% | |
The Bank of New York Mellon, ADRs [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 13.39% | 20.74% |
Sociedad de Inversiones Pampa Calichera S.A. [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 20.89% | 19.72% |
Inversiones El Boldo Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 17.36% | |
Inversiones RAC Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 8.13% | |
Potasios de Chile S.A. [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 6.91% | 6.91% |
Inversiones PCS Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 6.51% | |
Inversiones Global Mining Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 3.34% | 3.34% |
Banco de Chile por Cuenta de Terceros no Residentes [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 4.07% | 3.19% |
Banco Itau por Cuenta de Inversionistas [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 2.67% | |
Banco Santander por cuenta de inversionistas extranjeros [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of Shares Outstanding, Ownership Percentage | 0.00% | 1.75% |
Banchile C de B S A [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 1.73% | |
Inversiones la Esperanza de Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 1.43% | |
Banco Ita through Corpbanca on behalf of foreign investors [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 3.07% | |
Inversiones TLC SPA [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of Shares Outstanding, Ownership Percentage | 23.77% | |
Series A Stock [Member] | The Bank of New York Mellon, ADRs [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of Shares Outstanding, Ownership Percentage | 0.00% | 0.00% |
Series A Stock [Member] | Sociedad de Inversiones Pampa Calichera S.A. [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 44,894,152 | 44,894,152 |
Number of Shares Outstanding, Ownership Percentage | 31.43% | 31.43% |
Series A Stock [Member] | Inversiones El Boldo Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 29,330,326 | |
Number of Shares Outstanding, Ownership Percentage | 20.54% | |
Series A Stock [Member] | Inversiones RAC Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 19,200,242 | |
Number of Shares Outstanding, Ownership Percentage | 13.44% | |
Series A Stock [Member] | Potasios de Chile S.A. [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 18,179,147 | 18,179,147 |
Number of Shares Outstanding, Ownership Percentage | 12.73% | 12.73% |
Series A Stock [Member] | Inversiones PCS Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 15,526,000 | |
Number of Shares Outstanding, Ownership Percentage | 10.87% | |
Series A Stock [Member] | Inversiones Global Mining Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 8,798,539 | 8,798,539 |
Number of Shares Outstanding, Ownership Percentage | 6.16% | 6.16% |
Series A Stock [Member] | Banco de Chile por Cuenta de Terceros no Residentes [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 15,687 | 0 |
Number of Shares Outstanding, Ownership Percentage | 0.01% | 0.00% |
Series A Stock [Member] | Banco Itau por Cuenta de Inversionistas [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 19,125 | |
Number of Shares Outstanding, Ownership Percentage | 0.01% | |
Series A Stock [Member] | Banco Santander por cuenta de inversionistas extranjeros [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of Shares Outstanding, Ownership Percentage | 0.00% | |
Series A Stock [Member] | Banchile C de B S A [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 528,092 | |
Number of Shares Outstanding, Ownership Percentage | 0.37% | |
Series A Stock [Member] | Inversiones la Esperanza de Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 3,711,598 | |
Number of Shares Outstanding, Ownership Percentage | 2.60% | |
Series A Stock [Member] | Banco Ita through Corpbanca on behalf of foreign investors [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of Shares Outstanding, Ownership Percentage | 0.00% | |
Series A Stock [Member] | Inversiones TLC SPA [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 62,556,568 | |
Number of Shares Outstanding, Ownership Percentage | 43.80% | |
Series B Stock [Member] | The Bank of New York Mellon, ADRs [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 35,254,267 | 54,599,961 |
Number of Shares Outstanding, Ownership Percentage | 29.29% | 45.36% |
Series B Stock [Member] | Sociedad de Inversiones Pampa Calichera S.A. [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 10,093,154 | 7,007,688 |
Number of Shares Outstanding, Ownership Percentage | 8.38% | 5.82% |
Series B Stock [Member] | Inversiones El Boldo Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 16,363,546 | |
Number of Shares Outstanding, Ownership Percentage | 13.59% | |
Series B Stock [Member] | Inversiones RAC Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 2,202,773 | |
Number of Shares Outstanding, Ownership Percentage | 1.83% | |
Series B Stock [Member] | Potasios de Chile S.A. [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of Shares Outstanding, Ownership Percentage | 0.00% | 0.00% |
Series B Stock [Member] | Inversiones PCS Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 1,600,000 | |
Number of Shares Outstanding, Ownership Percentage | 1.33% | |
Series B Stock [Member] | Inversiones Global Mining Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of Shares Outstanding, Ownership Percentage | 0.00% | 0.00% |
Series B Stock [Member] | Banco de Chile por Cuenta de Terceros no Residentes [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 10,703,812 | 8,394,289 |
Number of Shares Outstanding, Ownership Percentage | 8.89% | 6.97% |
Series B Stock [Member] | Banco Itau por Cuenta de Inversionistas [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 7,017,504 | |
Number of Shares Outstanding, Ownership Percentage | 5.83% | |
Series B Stock [Member] | Banco Santander por cuenta de inversionistas extranjeros [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 4,593,336 | |
Number of Shares Outstanding, Ownership Percentage | 3.82% | |
Series B Stock [Member] | Banchile C de B S A [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 4,028,611 | |
Number of Shares Outstanding, Ownership Percentage | 3.35% | |
Series B Stock [Member] | Inversiones la Esperanza de Chile Limitada [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 46,500 | |
Number of Shares Outstanding, Ownership Percentage | 0.04% | |
Series B Stock [Member] | Banco Ita through Corpbanca on behalf of foreign investors [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 8,085,730 | |
Number of Shares Outstanding, Ownership Percentage | 6.72% | |
Series B Stock [Member] | Inversiones TLC SPA [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of Shares Outstanding, Ownership Percentage | 0.00% |
Identification and Activities_6
Identification and Activities of the Company and Subsidiaries (Details Textual) | 12 Months Ended | |
Dec. 31, 2018USD ($)shares | Dec. 31, 2017 | |
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Percentage of shareholder Outstanding shares interest in excess | 5.00% | 5.00% |
Number of shareholders | shares | 1,508 | |
Research and development expense | $ 1.7 | |
MT KCL [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Percentage of entity's revenue | 1.80% | |
Bottom of range [member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Research and development expense | $ 10 | |
Top of range [member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Research and development expense | 15 | |
SQM member [Member] | Bottom of range [member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Research and development expense | 10.8 | |
SQM member [Member] | Top of range [member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Research and development expense | $ 18.9 | |
Sales channels [member] | MT Li2CO3 [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Percentage of entity's revenue | 6.80% | |
Pampa Group [Member] | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Percentage of interest held by other entities | 32.00% | 2997.00% |
Basis of presentation for the_3
Basis of presentation for the consolidated financial statements (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Basis Of Presentation For Consolidated Financial Statement [Line Items] | ||||
Investments classified using the equity method of accounting | $ 111,549 | $ 152,630 | $ 133,140 | |
Intangible assets other than goodwill | 188,283 | 113,787 | 109,439 | |
Goodwill | 34,718 | $ 37,972 | 37,972 | 37,972 |
Property, plant and equipment | 1,454,823 | 1,429,354 | 1,532,710 | |
Total | $ 4,268,094 | 4,296,236 | $ 4,217,980 | |
Balances originally reported [Member] | ||||
Disclosure Of Basis Of Presentation For Consolidated Financial Statement [Line Items] | ||||
Investments classified using the equity method of accounting | 146,425 | |||
Intangible assets other than goodwill | 105,948 | |||
Goodwill | 44,177 | |||
Property, plant and equipment | 1,437,193 | |||
Total | 1,733,743 | |||
Reclassified balances [member] | ||||
Disclosure Of Basis Of Presentation For Consolidated Financial Statement [Line Items] | ||||
Investments classified using the equity method of accounting | 152,630 | |||
Intangible assets other than goodwill | 113,787 | |||
Goodwill | 37,972 | |||
Property, plant and equipment | 1,429,354 | |||
Total | 1,733,743 | |||
Reclassification balances [Member] | ||||
Disclosure Of Basis Of Presentation For Consolidated Financial Statement [Line Items] | ||||
Investments classified using the equity method of accounting | 6,205 | |||
Intangible assets other than goodwill | 7,839 | |||
Goodwill | (6,205) | |||
Property, plant and equipment | (7,839) | |||
Total | $ 0 |
Basis of presentation for the_4
Basis of presentation for the consolidated financial statements (Details 1) - USD ($) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | $ 1,357,265,000 | $ 1,497,386,000 | ||
Financial assets at fair value through profit or loss, classified as held for trading | 37,987,000 | 48,872,000 | ||
Categories of non-current financial assets [abstract] | ||||
Non-current financial assets at amortised cost | 2,350,000 | 1,957,000 | ||
Adjustments Through IFRS | 2,301,000 | |||
Categories of current financial liabilities [abstract] | ||||
Current financial liabilities at fair value through profit or loss | 179,205,000 | 374,707 | ||
Categories of non-current financial liabilities [abstract] | ||||
Non-current financial liabilities | 1,031,507,000 | |||
Equity [Abstract] | ||||
Equity | 2,137,802,000 | 2,247,468,000 | $ 2,307,272,000 | $ 2,400,356,000 |
Financial assets at fair value through profit or loss, category [member] | ||||
Categories of current financial liabilities [abstract] | ||||
Current financial liabilities at fair value through profit or loss | 5,979,000 | 5,979,000 | ||
Accounts Payable To Related Parties [Member] | ||||
Categories of current financial liabilities [abstract] | ||||
Current financial liabilities at amortised cost | 1,365,000 | 1,365,000 | ||
Hedging liabilities [Member] | ||||
Categories of current financial liabilities [abstract] | ||||
Current financial liabilities at amortised cost | 5,285,000 | 37,287,000 | ||
Current Financial Liabilities at Fair Value through Other comprehensive income | 37,287,000 | 37,287,000 | ||
Categories of non-current financial liabilities [abstract] | ||||
Non-current financial liabilities at amortised cost | 0 | |||
Bank borrowings [Member] | ||||
Categories of current financial liabilities [abstract] | ||||
Current financial liabilities at fair value through profit or loss | 300,000 | 163,568,000 | ||
Current financial liabilities at amortised cost | 163,568,000 | 163,568,000 | ||
Obligations To Public [Member] | ||||
Categories of current financial liabilities [abstract] | ||||
Current financial liabilities at amortised cost | 13,494,000 | 13,494,000 | ||
Categories of non-current financial liabilities [abstract] | ||||
Non-current financial liabilities at amortised cost | 1,031,507,000 | 1,031,507,000 | ||
Trade And Other Payable [Member] | ||||
Categories of current financial liabilities [abstract] | ||||
Current financial liabilities at amortised cost | 196,280,000 | 196,280,000 | ||
Categories of non-current financial liabilities [abstract] | ||||
Non-current financial liabilities at amortised cost | 0 | 0 | ||
Deferred Tax Liabilities [Member] | ||||
Categories of non-current financial liabilities [abstract] | ||||
Non-current financial liabilities | 205,283,000 | 205,904,000 | ||
Cash and Cash Equivalents [Member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | 630,438,000 | 630,438,000 | ||
Receivables due from related parties [Member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | 59,132,000 | 59,132,000 | ||
Term deposits [Member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | 360,941,000 | 360,941,000 | ||
Financial assets at fair value through profit or loss, category [member] | ||||
Categories of current financial assets [abstract] | ||||
Financial assets at fair value through profit or loss, classified as held for trading | 6,038,000 | 6,038,000 | ||
Categories of non-current financial assets [abstract] | ||||
Derivatives for hedging purposes | 8,910,000 | 8,910,000 | ||
Financial assets classified as available for sale at fair value through equity | 33,924,000 | 33,924,000 | ||
Loans and receivables, category [member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | 444,574,000 | 446,875,000 | ||
Categories of non-current financial assets [abstract] | ||||
Non-current financial assets at amortised cost | 1,912,000 | 1,912,000 | ||
Financial assets at amortised cost, category [member] | ||||
Categories of non-current financial assets [abstract] | ||||
Non-current financial assets at amortised cost | 45,000 | $ 45,000 | ||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | ||||
Categories of non-current financial assets [abstract] | ||||
Adjustments Through IFRS | (2,301,000) | |||
Equity [Abstract] | ||||
Equity | (1,680,000) | |||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | Deferred Tax Liabilities [Member] | ||||
Categories of non-current financial liabilities [abstract] | ||||
Non-current financial liabilities | (621,000) | |||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | Cash and Cash Equivalents [Member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | 0 | |||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | Receivables due from related parties [Member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | 0 | |||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | Term deposits [Member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | 0 | |||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Categories of current financial assets [abstract] | ||||
Financial assets at fair value through profit or loss, classified as held for trading | 0 | |||
Categories of non-current financial assets [abstract] | ||||
Derivatives for hedging purposes | 0 | |||
Financial assets classified as available for sale at fair value through equity | 0 | |||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | Loans and receivables, category [member] | ||||
Categories of current financial assets [abstract] | ||||
Current financial assets at amortised cost | (2,301,000) | |||
Categories of non-current financial assets [abstract] | ||||
Non-current financial assets at amortised cost | 0 | |||
Aggregate adjustment to carrying amounts reported under previous GAAP [member] | Financial assets at amortised cost, category [member] | ||||
Categories of non-current financial assets [abstract] | ||||
Non-current financial assets at amortised cost | $ 0 |
Basis of presentation for the_5
Basis of presentation for the consolidated financial statements (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Expenses | |||
Other expenses by function | $ 8,038 | $ 7,198 | |
Net gains on reversal (losses) on impairment of financial assets | $ (2,967) | 8,038 | 7,198 |
Sub total | $ (1,638,557) | (1,549,593) | (1,499,254) |
Originally reported [Member] | |||
Expenses | |||
Other expenses by function | (61,638) | (89,731) | |
Net gains on reversal (losses) on impairment of financial assets | 0 | 0 | |
Sub total | (61,638) | (89,731) | |
Reclassification balances [Member] | |||
Expenses | |||
Other expenses by function | (53,600) | (82,533) | |
Net gains on reversal (losses) on impairment of financial assets | (8,038) | (7,198) | |
Sub total | $ (61,638) | $ (89,731) |
Basis of presentation for the_6
Basis of presentation for the consolidated financial statements (Details 3) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 96,529,340-k | Oman | |
Description of functional currency | CLP | Turkish Lira | [1] |
Proportion of ownership interest in subsidiary | 1000000.00% | ||
Nitratos Naturais Do Chile Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Brazil | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Nitrate Corporation Of Chile Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | United Kingdom | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM North America Corp. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | USA | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Europe N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Belgium | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Soquimich S.R.L. Argentina [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Argentina | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Soquimich European Holding B.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Netherlands | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Netherlands | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQI Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Netherlands | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Comercial De Mexico S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Mexico | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
North American Trading Company [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | USA | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Administracion y Servicios Santiago S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Mexico | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Peru S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Peru | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Ecuador S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Ecuador | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Nitratos Mexico S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Mexico | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQMC Holding Corporation L.L.P. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | USA | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Investment Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Netherlands | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Brasil Limitada [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Brazil | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM France S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | France | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Japan Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Japan | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Royal Seed Trading Corporation A.V.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Aruba | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Oceania Pty Limited [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Australia | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Rs Agro-Chemical Trading Corporation A.V.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Aruba | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Colombia SAS [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Colombia | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Australia Pty [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Australia | ||
Description of functional currency | Australian dollar | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SACAL S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Argentina | ||
Description of functional currency | Argentine peso | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Indonesia S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Indonesia | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 80.00% | 80.00% | |
SQM Virginia L.L.C. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | USA | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Italia SRL [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Italy | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Comercial Caiman Internacional S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Panama | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Africa Pty. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | South Africa | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Lithium Specialties LLC [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | USA | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Iberian S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Spain | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Beijing Commercial Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | China | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
SQM Thailand Limited [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Thailand | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 99.996% | 99.996% | |
Comercial Hydro S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 96.801.610-5 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 606383.00% | 606383.00% | |
SQM Potasio S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 96.651.060-9 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 999999.00% | 999999.00% | |
SQM Nitratos S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 96.592.190-7 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Ajay SQM Chile S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 96.592.180-K | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 510000.00% | 510000.00% | |
SQMC Internacional Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 86.630.200-6 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | Ch$ | ||
Proportion of ownership interest in subsidiary | 606381.00% | 606381.00% | |
SQM Industrial S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 79.947.100-0 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Isapre Norte Grande Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 79.906.120-1 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | Ch$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Almacenes y Depositos Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 79.876.080-7 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | Ch$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Servicios Integrales de Transitos y Transferencias S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 79.770.780-5 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Soquimich Comercial S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 79.768.170-9 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 606383.00% | 606383.00% | |
SQM Salar S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 79.626.800-K | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Proinsa Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 78.053.910-0 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | Ch$ | ||
Proportion of ownership interest in subsidiary | 605800.00% | 605800.00% | |
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 76.534.490-5 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | Ch$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Exploraciones Mineras S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 76.425.380-9 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
Comercial Agrorama Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 76.064.419-6 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | Ch$ | ||
Proportion of ownership interest in subsidiary | 424468.00% | 424468.00% | |
Agrorama S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 76.145.229-0 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | Ch$ | ||
Proportion of ownership interest in subsidiary | 606377.00% | 606377.00% | |
Orcoma Estudios SPA [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 76.359.919-1 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 510000.00% | 510000.00% | |
Orcoma SPA [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 76.360.575-2 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
SQM MaG SpA. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | 76.686.311-9 | ||
Country of incorporation of subsidiary | Chile | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 1000000.00% | 1000000.00% | |
SQM Internacional N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | Belgium | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 0.00% | |
SQM (Shanghai) Chemicals Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Description Of Tax ID | Foreign | ||
Country of incorporation of subsidiary | China | ||
Description of functional currency | US$ | ||
Proportion of ownership interest in subsidiary | 100.00% | 0.00% | |
Direct ownership interest [Member] | Nitratos Naturais Do Chile Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Nitrate Corporation Of Chile Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM North America Corp. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 40.00% | ||
Direct ownership interest [Member] | SQM Europe N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.58% | ||
Direct ownership interest [Member] | Soquimich S.R.L. Argentina [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Soquimich European Holding B.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.0002% | ||
Direct ownership interest [Member] | SQI Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.0159% | ||
Direct ownership interest [Member] | SQM Comercial De Mexico S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.01% | ||
Direct ownership interest [Member] | North American Trading Company [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Administracion y Servicios Santiago S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Peru S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.98% | ||
Direct ownership interest [Member] | SQM Ecuador S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.004% | ||
Direct ownership interest [Member] | SQM Nitratos Mexico S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQMC Holding Corporation L.L.P. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.10% | ||
Direct ownership interest [Member] | SQM Investment Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1.00% | ||
Direct ownership interest [Member] | SQM Brasil Limitada [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1.09% | ||
Direct ownership interest [Member] | SQM France S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Japan Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.1597% | ||
Direct ownership interest [Member] | Royal Seed Trading Corporation A.V.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1.67% | ||
Direct ownership interest [Member] | SQM Oceania Pty Limited [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Rs Agro-Chemical Trading Corporation A.V.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 98.3333% | ||
Direct ownership interest [Member] | SQM Colombia SAS [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Australia Pty [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SACAL S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Indonesia S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Virginia L.L.C. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Italia SRL [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Comercial Caiman Internacional S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Africa Pty. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Lithium Specialties LLC [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Iberian S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Beijing Commercial Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Thailand Limited [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Comercial Hydro S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Potasio S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 999999.00% | ||
Direct ownership interest [Member] | SQM Nitratos S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 999999.00% | ||
Direct ownership interest [Member] | Ajay SQM Chile S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 510000.00% | ||
Direct ownership interest [Member] | SQMC Internacional Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Industrial S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 990470.00% | ||
Direct ownership interest [Member] | Isapre Norte Grande Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 10000.00% | ||
Direct ownership interest [Member] | Almacenes y Depositos Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 10000.00% | ||
Direct ownership interest [Member] | Servicios Integrales de Transitos y Transferencias S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 3.00% | ||
Direct ownership interest [Member] | Soquimich Comercial S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Salar S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 181800.00% | ||
Direct ownership interest [Member] | Proinsa Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Exploraciones Mineras S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 2691.00% | ||
Direct ownership interest [Member] | Comercial Agrorama Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Agrorama S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | Orcoma Estudios SPA [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 510000.00% | ||
Direct ownership interest [Member] | Orcoma SPA [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1000000.00% | ||
Direct ownership interest [Member] | SQM MaG SpA. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Direct ownership interest [Member] | SQM Internacional N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.58% | ||
Direct ownership interest [Member] | SQM (Shanghai) Chemicals Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Indirect ownership interest [Member] | Nitratos Naturais Do Chile Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | Nitrate Corporation Of Chile Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM North America Corp. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 60.00% | ||
Indirect ownership interest [Member] | SQM Europe N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.42% | ||
Indirect ownership interest [Member] | Soquimich S.R.L. Argentina [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | Soquimich European Holding B.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.9998% | ||
Indirect ownership interest [Member] | SQI Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.9841% | ||
Indirect ownership interest [Member] | SQM Comercial De Mexico S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.99% | ||
Indirect ownership interest [Member] | North American Trading Company [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | Administracion y Servicios Santiago S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Peru S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.02% | ||
Indirect ownership interest [Member] | SQM Ecuador S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.996% | ||
Indirect ownership interest [Member] | SQM Nitratos Mexico S.A. de C.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQMC Holding Corporation L.L.P. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.90% | ||
Indirect ownership interest [Member] | SQM Investment Corporation N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.00% | ||
Indirect ownership interest [Member] | SQM Brasil Limitada [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 98.91% | ||
Indirect ownership interest [Member] | SQM France S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Japan Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.8403% | ||
Indirect ownership interest [Member] | Royal Seed Trading Corporation A.V.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 98.33% | ||
Indirect ownership interest [Member] | SQM Oceania Pty Limited [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | Rs Agro-Chemical Trading Corporation A.V.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1.6667% | ||
Indirect ownership interest [Member] | SQM Colombia SAS [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Australia Pty [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SACAL S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Indonesia S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 80.00% | ||
Indirect ownership interest [Member] | SQM Virginia L.L.C. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Italia SRL [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | Comercial Caiman Internacional S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Africa Pty. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Lithium Specialties LLC [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Iberian S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Beijing Commercial Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Indirect ownership interest [Member] | SQM Thailand Limited [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.996% | ||
Indirect ownership interest [Member] | Comercial Hydro S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 606383.00% | ||
Indirect ownership interest [Member] | SQM Potasio S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Indirect ownership interest [Member] | SQM Nitratos S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1.00% | ||
Indirect ownership interest [Member] | Ajay SQM Chile S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Indirect ownership interest [Member] | SQMC Internacional Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 606381.00% | ||
Indirect ownership interest [Member] | SQM Industrial S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 9530.00% | ||
Indirect ownership interest [Member] | Isapre Norte Grande Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 990000.00% | ||
Indirect ownership interest [Member] | Almacenes y Depositos Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 990000.00% | ||
Indirect ownership interest [Member] | Servicios Integrales de Transitos y Transferencias S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 999997.00% | ||
Indirect ownership interest [Member] | Soquimich Comercial S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 606383.00% | ||
Indirect ownership interest [Member] | SQM Salar S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 818200.00% | ||
Indirect ownership interest [Member] | Proinsa Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 605800.00% | ||
Indirect ownership interest [Member] | Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1000000.00% | ||
Indirect ownership interest [Member] | Exploraciones Mineras S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 997309.00% | ||
Indirect ownership interest [Member] | Comercial Agrorama Ltda. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 424468.00% | ||
Indirect ownership interest [Member] | Agrorama S.A. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 606377.00% | ||
Indirect ownership interest [Member] | Orcoma Estudios SPA [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Indirect ownership interest [Member] | Orcoma SPA [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 0.00% | ||
Indirect ownership interest [Member] | SQM MaG SpA. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 1000000.00% | ||
Indirect ownership interest [Member] | SQM Internacional N.V. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 99.42% | ||
Indirect ownership interest [Member] | SQM (Shanghai) Chemicals Co. Ltd. [Member] | |||
Disclosure of basis of presentation for the consolidated financial statements [LineItems] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
[1] | These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. |
Basis of presentation for the_7
Basis of presentation for the consolidated financial statements (Details Textual) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disclosure of Basis of presentation for the consolidated financial statements [Abstract] | |
Adjustments Through IFRS | $ 2,301 |
Deferred Taxes | $ 1,680 |
Significant accounting polici_4
Significant accounting policies (Details) | Dec. 31, 2018 | Dec. 31, 2017 |
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 694.77 | 614.75 |
Brazilian real [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 3.87 | 3.02 |
New Peruvian Sol [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 3.37 | 3.08 |
Argentine peso [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 37.74 | 18.40 |
Japanese yen [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 110.38 | 113 |
Euro [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 0.87 | 0.83 |
Mexican peso [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 19.68 | 19.65 |
Australian dollar [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 1.42 | 1.28 |
Pound Sterling [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 0.79 | 0.74 |
South African rand [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 14.35 | 12.35 |
Ecuadorian Dollar [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 1 | 1 |
Chilean peso [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 694.77 | 614.75 |
Chinese yuan [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 6.88 | 6.51 |
Indian rupee [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 69.93 | 63.84 |
Thai baht [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 32.53 | 32.85 |
Turkish Lira Member [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 5.27 | 3.79 |
Uf [Member] | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 39.68 | 43.59 |
Significant accounting polici_5
Significant accounting policies (Details 1) | 12 Months Ended |
Dec. 31, 2018 | |
Bottom of range [member] | Mining assets [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 3 |
Bottom of range [member] | Energy generating assets [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 3 |
Bottom of range [member] | Buildings [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Bottom of range [member] | Supplies and accessories [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Bottom of range [member] | Office Equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Bottom of range [member] | Transport equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Bottom of range [member] | Network and communication equipment | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 3 |
Bottom of range [member] | IT equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Bottom of range [member] | Machinery, plant and equipment | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 1 |
Bottom of range [member] | Other property, plant and equipment [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 1 |
Top of range [member] | Mining assets [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 8 |
Top of range [member] | Energy generating assets [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 16 |
Top of range [member] | Buildings [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 40 |
Top of range [member] | Supplies and accessories [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 16 |
Top of range [member] | Office Equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 20 |
Top of range [member] | Transport equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 20 |
Top of range [member] | Network and communication equipment | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 15 |
Top of range [member] | IT equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 16 |
Top of range [member] | Machinery, plant and equipment | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 28 |
Top of range [member] | Other property, plant and equipment [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 26 |
Weighted Average [Member] | Mining assets [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 7 |
Weighted Average [Member] | Energy generating assets [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 7 |
Weighted Average [Member] | Buildings [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 11 |
Weighted Average [Member] | Supplies and accessories [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 6 |
Weighted Average [Member] | Office Equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 6 |
Weighted Average [Member] | Transport equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 9 |
Weighted Average [Member] | Network and communication equipment | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 5 |
Weighted Average [Member] | IT equipment [Member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 4 |
Weighted Average [Member] | Machinery, plant and equipment | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 9 |
Weighted Average [Member] | Other property, plant and equipment [member] | |
Significant accounting policies [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 6 |
Significant accounting polici_6
Significant accounting policies (Details Textual) | Dec. 31, 2018 | Dec. 31, 2017 |
Significant accounting policies [Line Items] | ||
Discount Rate For Pension Obligations | 4.642% | 5.114% |
SQM North America [Member] | ||
Significant accounting policies [Line Items] | ||
Discount Rate For Pension Obligations | 3.75% | 4.50% |
Financial risk management (Deta
Financial risk management (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial risk management [Line Items] | ||
Financial assets | $ 291,790 | $ 163,269 |
Financial Assets Neither Past Due Nor Impaired Total [Member] | ||
Financial risk management [Line Items] | ||
Financial assets | 367,361 | 578,711 |
Moody´s P-1 SPA-2 [Member] | Itau-Corpbanca [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 77,526 | |
Moody´s P-1 SPA-1 [Member] | Banco Credito e Inversiones [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 145,834 | |
Moody´s P-1 SPA-1 [Member] | Banco Santander - Santiago [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 23,124 | |
Moody´s P-1 SPA-1 [Member] | Time deposits [Member] | Banco Credito e Inversiones [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 27,428 | |
Moody´s P-1 SPA-1 [Member] | Time deposits [Member] | Banco de Chile [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 7,305 | |
Moody´s P-1 SPA-1 [Member] | Time deposits [Member] | Itau-Corpbanca [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 61,946 | |
Moodys P1 SPA1 FitchF1 [Member] | Banco Credito e Inversiones [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 71,748 | |
Moodys P1 SPA1 FitchF1 [Member] | Banco Santander - Santiago [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 163,269 | |
Moodys P1 SPA1 FitchF1 [Member] | Time deposits [Member] | Banco Credito e Inversiones [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 120,616 | |
Moodys P1 SPA1 FitchF1 [Member] | Time deposits [Member] | Banco Santander - Santiago [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 35,558 | |
No Rating [Member] | Banco BBVA Chile [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 1,207 | |
No Rating [Member] | Banco de Chile [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 4,834 | |
No Rating [Member] | Banco Security [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 27,215 | 28,592 |
No Rating [Member] | Banco Sud Americano [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 24,898 | |
No Rating [Member] | Time deposits [Member] | Banco Santander - Santiago [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 432 | |
No Rating [Member] | Time deposits [Member] | BBVA Banco Frances [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 84 | 163 |
No Rating [Member] | Time deposits [Member] | Scotiabank Sud Americano [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 12,520 | |
No Rating [Member] | Time deposits [Member] | ABN Armo Bank [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 1,439 | |
No Rating [Member] | Time deposits [Member] | Banco Estado [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 3,602 | |
No Rating [Member] | Investment Fund Deposits [Member] | JP Morgan US dollar Liquidity Fund Institutional [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 133,809 | 143,333 |
No Rating [Member] | Investment Fund Deposits [Member] | Legg Mason - Western Asset Institutional Cash Reserves [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 132,108 | |
Moody´s P-2 SPA-2 [Member] | Itau-Corpbanca [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 70,719 | |
Moody´s P-2 SPA-2 [Member] | Banco Security [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 4,191 | |
Moody´s P-2 SPA-2 [Member] | Time deposits [Member] | Banco BBVA Chile [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 41,860 | |
Moody´s P-2 SPA-2 [Member] | Time deposits [Member] | Itau-Corpbanca [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | 75,072 | |
Moody´s P-1 SPB [Member] | Time deposits [Member] | Nedbank [Member] | Financial assets neither past due nor impaired [member] | ||
Financial risk management [Line Items] | ||
Financial assets | $ 647 | 3,686 |
FitchAA [Member] | ||
Financial risk management [Line Items] | ||
Financial assets | $ 13,765 |
Financial risk management (De_2
Financial risk management (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial risk management [Line Items] | ||
Bank borrowings | $ 83,760 | $ 164,780 |
Unsecured obligations | 1,598,730 | 1,321,640 |
Subtotal | 69,170 | 163,568 |
Hedging liabilities | 50,430 | 9,140 |
Derivative financial instruments | 160 | 800 |
Subtotal | 50,590 | 9,940 |
Trade accounts payable and other accounts payable | 163,751 | 196,280 |
Total | 1,733,080 | 1,496,360 |
LaterThanOneYear [Member] | ||
Financial risk management [Line Items] | ||
Bank borrowings | 4,100 | 164,780 |
Unsecured obligations | 61,370 | 47,450 |
Subtotal | 65,470 | 212,230 |
Hedging liabilities | 5,520 | 37,010 |
Derivative financial instruments | 160 | 800 |
Subtotal | 5,680 | 37,810 |
Trade accounts payable and other accounts payable | 163,170 | 196,180 |
Total | 234,320 | 446,220 |
Later than one year and not later than five years [member] | ||
Financial risk management [Line Items] | ||
Bank borrowings | 79,660 | 0 |
Unsecured obligations | 823,760 | 522,520 |
Subtotal | 903,420 | 522,520 |
Hedging liabilities | 15,640 | (9,510) |
Derivative financial instruments | 0 | 0 |
Subtotal | 15,640 | (9,510) |
Trade accounts payable and other accounts payable | 580 | 100 |
Total | 919,640 | 513,110 |
Later than five years [member] | ||
Financial risk management [Line Items] | ||
Bank borrowings | 0 | 0 |
Unsecured obligations | 713,600 | 751,670 |
Subtotal | 713,600 | 751,670 |
Hedging liabilities | 29,270 | (18,360) |
Derivative financial instruments | 0 | 0 |
Subtotal | 29,270 | (18,360) |
Trade accounts payable and other accounts payable | 0 | 0 |
Total | 742,870 | 733,310 |
Gross carrying amount [member] | ||
Financial risk management [Line Items] | ||
Bank borrowings | 70,250 | 163,570 |
Unsecured obligations | 1,273,070 | 1,054,890 |
Subtotal | 1,343,320 | 1,218,460 |
Hedging liabilities | (14,340) | 2,838,000 |
Derivative financial instruments | 160 | 80,000 |
Subtotal | (14,180) | 2,918,000 |
Trade accounts payable and other accounts payable | 163,750 | 19,628,000 |
Total | $ 1,492,890 | $ 1,247,640 |
Financial risk management (De_3
Financial risk management (Details Textual) | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Financial risk management [Line Items] | ||
Closing foreign exchange rate | Pure | 694.77 | 614.75 |
Percentage of Financial Liabilities Maturing in Next 12 Months | 5.00% | |
Undrawn borrowing facilities | $ 481,000,000 | |
Finance income (cost) | 0.06 | |
Derivatives [member] | ||
Financial risk management [Line Items] | ||
Financial assets, at fair value | 3,900,000 | $ 5,000,000 |
Adjustments for unrealised foreign exchange losses (gains) | $ 400,000,000 |
Background of companies inclu_3
Background of companies included in consolidation (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Background of companies included in consolidation [Line Items] | ||||
Assets | $ 4,268,094 | $ 4,296,236 | $ 4,217,980 | |
Liabilities | (2,130,292) | (2,048,768) | (1,910,708) | |
Equity | 2,137,802 | 2,247,468 | $ 2,307,272 | $ 2,400,356 |
Parent [Member] | ||||
Background of companies included in consolidation [Line Items] | ||||
Assets | 3,737,892 | 3,658,528 | ||
Liabilities | (1,652,401) | (1,470,707) | ||
Equity | $ 2,085,491 | $ 2,187,821 |
Background of companies inclu_4
Background of companies included in consolidation (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Background of companies included in consolidation [Line Items] | |||
Profit (loss) attributable to non-controlling interests | $ 2,397 | $ 733 | $ 3,641 |
Equity, non-controlling interests | 52,311 | 59,647 | |
Total | $ 9,733 | 2,253 | |
Proinsa Ltda. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 0.10% | ||
Profit (loss) attributable to non-controlling interests | $ 0 | 0 | |
Equity, non-controlling interests | 0 | 0 | |
Total | $ 0 | 0 | |
SQM Potasio S.A. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 0.00% | ||
Profit (loss) attributable to non-controlling interests | $ 0 | 0 | |
Equity, non-controlling interests | 0 | 0 | |
Total | $ 0 | 0 | |
Ajay SQM Chile S.A. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 49.00% | ||
Profit (loss) attributable to non-controlling interests | $ 1,176 | 1,023 | |
Equity, non-controlling interests | 8,659 | 8,306 | |
Total | $ 823 | 989 | |
SQM Indonesia S.A. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 20.00% | ||
Profit (loss) attributable to non-controlling interests | $ 0 | 0 | |
Equity, non-controlling interests | 1 | 1 | |
Total | $ 0 | 0 | |
Soquimich Comercial S.A. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 39.36168% | ||
Profit (loss) attributable to non-controlling interests | $ 1,375 | 100 | |
Equity, non-controlling interests | 41,855 | 49,247 | |
Total | $ 8,910 | 1,264 | |
Comercial Agrorama Ltda. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 30.00% | ||
Profit (loss) attributable to non-controlling interests | $ (318) | (403) | |
Equity, non-controlling interests | (481) | (184) | |
Total | $ 0 | 0 | |
Agrorama S.A. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 0.001% | ||
Profit (loss) attributable to non-controlling interests | $ 0 | 0 | |
Equity, non-controlling interests | 0 | 0 | |
Total | $ 0 | 0 | |
Orcoma Estudios SPA | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 49.00% | ||
Profit (loss) attributable to non-controlling interests | $ 0 | 0 | |
Equity, non-controlling interests | 2,277 | 2,277 | |
Total | $ 0 | 0 | |
SQM (Thailand) Limited. | |||
Background of companies included in consolidation [Line Items] | |||
% of interests in the ownership held by non- controlling interests. | 0.004% | ||
Profit (loss) attributable to non-controlling interests | $ 0 | 0 | |
Equity, non-controlling interests | 0 | 0 | |
Total | $ 0 | $ 0 |
Board of Directors, Senior Ma_3
Board of Directors, Senior Management and Key management personnel (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Key management personnel compensation | $ 27,907 | $ 27,367 |
Board of Directors, Senior Ma_4
Board of Directors, Senior Management and Key management personnel (Details Textual) Pure in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018Employees | Dec. 31, 2017Employees | |
Related party disclosures [Line Items] | ||||
Key management personnel compensation | $ 27,907 | $ 27,367 | ||
Number of employees | 123 | 115 | 5,290 | 4,921 |
Additional Director Remuneration | $ 825 | |||
Chairman [Member] | Variable compensation [Member] | ||||
Related party disclosures [Line Items] | ||||
Key management personnel compensation, Percentage | 0.12% | |||
Directors [Member] | Variable compensation [Member] | ||||
Related party disclosures [Line Items] | ||||
Key management personnel compensation, Percentage | 0.06% | |||
Directors committee [Member] | Variable compensation [Member] | ||||
Related party disclosures [Line Items] | ||||
Key management personnel compensation, Percentage | 0.02% | |||
Health, Safety and Environmental Matters Committee [Member] | Fixed compensation [Member] | ||||
Related party disclosures [Line Items] | ||||
Key management personnel compensation | $ 50 | |||
Corporate Governance Committee [Member] | Fixed compensation [Member] | ||||
Related party disclosures [Line Items] | ||||
Key management personnel compensation | 50 | |||
Executives [Member] | ||||
Related party disclosures [Line Items] | ||||
Key management personnel compensation | $ 27,907 | $ 27,367 | ||
Number of employees | Employees | 122 | 120 |
Equity-accounted investees (Det
Equity-accounted investees (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | $ 111,549 | $ 152,630 | $ 133,140 | |
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 5,081 | 13,004 | 10,192 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | (1,177) | 26 | 2,845 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | $ 3,904 | 13,030 | 10,776 | |
Sales de Magnesio Ltda. | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 0 | 0 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 0 | 0 | 514 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | 0 | 0 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | 0 | 0 | 514 | |
Abu Dhabi Fertilizer Industries WWL | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 10,821 | 15,936 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 596 | 1,483 | 1,482 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | 0 | 0 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | 596 | 1,483 | 1,482 | |
Doktor Tarsa Tarim Sanayi AS | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 21,582 | 21,788 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 241 | 6,427 | 4,026 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | 489 | 0 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | 730 | 6,427 | 4,616 | |
Ajay North America | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 14,951 | 14,432 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 3,728 | 3,677 | 2,794 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | 0 | 0 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | 3,728 | 3,677 | 2,794 | |
Ajay Europe SARL | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 7,845 | 8,144 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 1,373 | 1,049 | 1,132 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | (439) | 26 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | 934 | 1,075 | 1,126 | |
Charlee SQM Thailand Co, Ltd, | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 0 | 2,301 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 316 | 393 | 244 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | 0 | 0 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | 316 | 393 | 244 | |
SQM Eastmed Turkey, | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 310 | 0 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | 370 | (25) | 0 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | (21) | 0 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | 349 | (25) | 0 | |
Kore Potash Ltd | ||||
Equity-accounted investees [Line Items] | ||||
Investments accounted for using equity method | 20,467 | 20,000 | ||
Share in profit (loss) of associates and joint ventures accounted for using the equity method | (1,543) | 0 | 0 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | $ (1,206) | 0 | ||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax | $ (2,749) | $ 0 | $ 0 |
Equity-accounted investees (D_2
Equity-accounted investees (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Equity-accounted investees [Line Items] | |||
Dividends received | $ 9,621 | $ 2,091 | |
Abu Dhabi Fertilizer Industries WWL | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | Distribution and commercialization of specialty plant nutrients in the Middle East. | ||
Domicile | PO Box 71871, Abu Dhabi | ||
Country of incorporation | United Arab Emirates | ||
Share of ownership in associates | 37.00% | ||
Dividends received | $ 5,641 | 0 | |
Doktor Tarsa Tarim Sanayi AS | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | Distribution and commercialization of specialty plant nutrients in Turkey. | ||
Domicile | Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya | ||
Country of incorporation | Turkey | ||
Share of ownership in associates | 50.00% | ||
Dividends received | $ 0 | 0 | |
Ajay North America | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | Production and distribution of iodine derivatives. | ||
Domicile | 1400 Industry RD Power Springs GA 30129 | ||
Country of incorporation | United States | ||
Share of ownership in associates | 49.00% | ||
Dividends received | $ 2,807 | 1,123 | |
Ajay Europe SARL | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | Production and commercialization of iodine derivatives. | ||
Domicile | Z.I. du Grand Verger BP 227 53602 Evron Cedex | ||
Country of incorporation | France | ||
Share of ownership in associates | 50.00% | ||
Dividends received | $ 811 | 968 | |
SQM Eastmed Turkey, | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | Production and commercialization of specialty products. | ||
Domicile | Organize Sanayi Bolgesi, Ikinci Kisim, 22 cadde TR07100 Antalya | ||
Country of incorporation | Turkey | ||
Share of ownership in associates | 50.00% | ||
Dividends received | $ 0 | 0 | |
Charlee SQM Thailand Co, Ltd, | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | Distribution and commercialization of specialty plant nutrients. | ||
Domicile | 31 Soi 138 (Meesuk) LLapdrawrd, Bangkapi, 10240 Bangkok | ||
Country of incorporation | Thailand | ||
Share of ownership in associates | 40.00% | ||
Dividends received | $ 362 | 0 | |
Kore Potash Ltd. | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | Prospecting, exploration and mining development. | ||
Domicile | L 3 88 William St Perth, was 6000 | ||
Country of incorporation | Australia | ||
Share of ownership in associates | 1752.00% | ||
Dividends received | $ 0 | 0 | |
Terra Tarsa B.V | Related Party of Doktor Tarsa Tarim Sanayi AS [Member] | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | [1] | Distribution and trading of specialty plant nutrients, | |
Domicile | [1] | Herikerbergweg 238, Luna Arena, 1101CM Amsterdam PO Box 23393, 1100DW Amsterdam Zuidoost | |
Country of incorporation | [1] | Holland | |
Share of ownership in associates | [1] | 50.00% | |
Dividends received | [1] | $ 0 | 0 |
Plantacote N.V. | Related Party of Doktor Tarsa Tarim Sanayi AS [Member] | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | [1] | Sale of CRF and production and sales of WSNPK | |
Domicile | [1] | Houtdok-Noordkaai 25a, 2030 Antwerpen, Belgium | |
Country of incorporation | [1] | Belgium | |
Share of ownership in associates | [1] | 100.00% | |
Dividends received | [1] | $ 0 | 0 |
Doktolab Tarim Arastima San, Tic As | Related Party of Doktor Tarsa Tarim Sanayi AS [Member] | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | [1] | Laboratory services | |
Domicile | [1] | 27, Cd, No:2, 07190 Aosb 2,Kisim/Dosemealti, Antalya, Turkey | |
Country of incorporation | [1] | Turkey | |
Share of ownership in associates | [1] | 100.00% | |
Dividends received | [1] | $ 0 | 0 |
Terra Tarsa Ukraine LLC | Related Party of Terra Tarsa B.V [Member] | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | [2] | Distribution and trading of specialty plant nutrients, | |
Domicile | [2] | 74800 Ukraine, Kakhovka, 4 Yuzhnaya Str, | |
Country of incorporation | [2] | Ukraine | |
Share of ownership in associates | [2] | 100.00% | |
Dividends received | [2] | $ 0 | 0 |
Terra Tarsa Don LLC | Related Party of Terra Tarsa B.V [Member] | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | [2] | Distribution and sale of specialty fertilizers | |
Domicile | [2] | Zorge Street, house 17, 344090, Rostov-on-Don | |
Country of incorporation | [2] | Russian Federation | |
Share of ownership in associates | [2] | 100.00% | |
Dividends received | [2] | $ 0 | 0 |
Internacional Technical and Trading Agenies Co. WLL | Related Party of Abu Dhabi Fertilizer Industries WWL [Member] | |||
Equity-accounted investees [Line Items] | |||
Description of the nature of the relationship | [3] | Distribution and trading of specialty plant nutrients, in the Middle East | |
Domicile | [3] | P.O Box: 950918 Amman 11195 | |
Country of incorporation | [3] | Jordania | |
Share of ownership in associates | [3] | 50.00% | |
Dividends received | [3] | $ 0 | $ 0 |
[1] | Doktor Tarsa Tarim Sanayi AS | ||
[2] | Terra Tarsa B.V | ||
[3] | Abu Dhabi Fertilizer Industries WWL |
Equity-accounted investees (D_3
Equity-accounted investees (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Equity-accounted investees [Line Items] | |||
Current assets | $ 2,399,596 | $ 2,466,261 | $ 152,760 |
Non-current Assets | 1,868,498 | 1,829,975 | 23,938 |
Current liabilities | 555,663 | 748,045 | |
Non-current liabilities | 1,574,629 | 1,300,723 | 3,643 |
Revenue | 2,265,803 | 2,157,323 | 1,939,322 |
Gain (loss) from continuing operations | 442,063 | 428,417 | 281,924 |
Other comprehensive income | (486) | (4,948) | 548 |
Comprehensive income | 441,577 | 423,469 | 282,472 |
Associates [member] | |||
Equity-accounted investees [Line Items] | |||
Current liabilities | 57,044 | ||
Revenue | 194,902 | ||
Gain (loss) from continuing operations | 27,397 | ||
Other comprehensive income | (1,761) | ||
Abu Dhabi Fertilizer Industries WWL | |||
Equity-accounted investees [Line Items] | |||
Current assets | 32,093 | 44,801 | 37,801 |
Non-current Assets | 2,847 | 2,032 | 2,104 |
Current liabilities | 5,695 | 3,764 | 3,843 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 33,098 | 35,131 | 41,442 |
Gain (loss) from continuing operations | 1,611 | 4,008 | 4,005 |
Other comprehensive income | (1) | (4) | 0 |
Comprehensive income | 1,610 | 4,005 | |
Doktor Tarsa Tarim Sanayi AS | |||
Equity-accounted investees [Line Items] | |||
Current assets | 66,498 | 81,057 | 68,449 |
Non-current Assets | 12,242 | 10,731 | 5,984 |
Current liabilities | 27,067 | 36,960 | 39,729 |
Non-current liabilities | 8,509 | 11,251 | 1,281 |
Revenue | 74,144 | 75,269 | 83,905 |
Gain (loss) from continuing operations | 481 | 12,854 | 8,052 |
Other comprehensive income | 978 | (4,367) | 1,180 |
Comprehensive income | 1,459 | 9,232 | |
Ajay North America | |||
Equity-accounted investees [Line Items] | |||
Current assets | 21,644 | 19,426 | 18,844 |
Non-current Assets | 12,409 | 12,498 | 11,633 |
Current liabilities | 3,542 | 2,470 | 3,015 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 40,290 | 36,185 | 35,715 |
Gain (loss) from continuing operations | 7,608 | 7,505 | 5,702 |
Other comprehensive income | 0 | 0 | 0 |
Comprehensive income | 7,608 | 5,702 | |
Ajay Europe SARL | |||
Equity-accounted investees [Line Items] | |||
Current assets | 21,219 | 23,555 | 20,675 |
Non-current Assets | 1,214 | 1,266 | 1,361 |
Current liabilities | 6,743 | 8,534 | 7,290 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 36,337 | 32,310 | 33,319 |
Gain (loss) from continuing operations | 2,747 | 2,098 | 2,265 |
Other comprehensive income | (878) | 2,208 | (13) |
Comprehensive income | 1,869 | 2,252 | |
Charlee SQM Thailand Co, Ltd, | |||
Equity-accounted investees [Line Items] | |||
Current assets | 8,585 | 6,264 | |
Non-current Assets | 712 | 591 | |
Current liabilities | 3,292 | 2,448 | |
Non-current liabilities | 255 | 0 | |
Revenue | 13,618 | 12,065 | |
Gain (loss) from continuing operations | 981 | 609 | |
Other comprehensive income | 414 | 0 | |
Comprehensive income | 1,395 | 609 | |
SQM Eastmed Turkey | |||
Equity-accounted investees [Line Items] | |||
Current assets | 3,981 | 727 | |
Non-current Assets | 2,671 | 2,265 | |
Current liabilities | 1,829 | 4,487 | 719 |
Non-current liabilities | 1,434 | 2,260 | 2,362 |
Revenue | 3,192 | 2,389 | 833 |
Gain (loss) from continuing operations | 740 | (49) | (200) |
Other comprehensive income | (42) | $ (12) | 0 |
Comprehensive income | 698 | $ (200) | |
Kore Potash Ltd. | |||
Equity-accounted investees [Line Items] | |||
Current assets | 6,659 | ||
Non-current Assets | 148,426 | ||
Current liabilities | 2,180 | ||
Non-current liabilities | 0 | ||
Revenue | 0 | ||
Gain (loss) from continuing operations | (8,198) | ||
Other comprehensive income | (6,882) | ||
Comprehensive income | $ (15,080) |
Equity-accounted investees (D_4
Equity-accounted investees (Details Textual) | Nov. 14, 2018USD ($) | Sep. 30, 2018USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2018TRY (₺) | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) |
Equity-accounted investees [Line Items] | ||||||||
Investments accounted for using equity method | $ 111,549,000 | $ 152,630,000 | $ 133,140,000 | |||||
Dividends paid, classified as financing activities | $ 550,352,000 | 373,933,000 | 399,410,000 | |||||
Description of Dividend Distribution | 50% of the distributed dividend was charged to retained earnings subsequent to 2014, in line with the Company’s statutes that establish that 37% of the distributed dividend corresponds to SQM. The remaining 50% was charged to retained earnings generated between 2004 and 2014, in line with the Company’s statutes that establish that 50% of the distributed dividend corresponds to SQM. | |||||||
Kore Potash Ltd. [Member] | ||||||||
Equity-accounted investees [Line Items] | ||||||||
Investments accounted for using equity method | $ 3,000,000 | |||||||
Abu Dhabi Fertilizer Industries WLL | ||||||||
Equity-accounted investees [Line Items] | ||||||||
Dividends paid, classified as financing activities | $ 4,348 | 10,890,000 | ||||||
Description of Dividend Distribution | 50 | |||||||
Ajay North America | ||||||||
Equity-accounted investees [Line Items] | ||||||||
Dividends paid, classified as financing activities | $ 1,432,000 | 1,432,000 | $ 1,432,000 | $ 1,432 | ||||
Ajay North Europe SARL [Member] | ||||||||
Equity-accounted investees [Line Items] | ||||||||
Dividends paid, classified as financing activities | 1,622,000 | |||||||
SQM Thailand Co Ltd [Member] | ||||||||
Equity-accounted investees [Line Items] | ||||||||
Dividends paid, classified as financing activities | 906,000 | |||||||
Losses on disposals of investments | $ 759,000 | |||||||
Doktor Tarsa Tarim [Member] | ||||||||
Equity-accounted investees [Line Items] | ||||||||
IncreaseDecreaseThroughAppropriationOfRetainedEarnings | $ 18,753,000 | ₺ 86 | ||||||
Doktor Tarsa Tarim [Member] | Plantacote N.V [Member] | ||||||||
Equity-accounted investees [Line Items] | ||||||||
Investments accounted for using equity method | $ 4,208,000 | $ 3,500,000 | ||||||
Proportion of ownership interest in associate | 100.00% |
Joint Ventures (Details)
Joint Ventures (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Description of the nature of the relationship | Production and distribution of soluble fertilizers, | ||
Principal place of business of joint venture | [1] | Herikerbergweg 238, 1101 CM Amsterdam Zuidoost | |
Country of incorporation of joint venture | [1] | Holland | |
Proportion of ownership interest in joint venture | [1] | 50.00% | |
Dividends received | $ 9,621,000 | $ 2,091,000 | |
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | |||
Principal place of business of joint venture | Huangjing Road, Dawan Town, Qingbaijiang District, Chengdu Municipality, Sichuan Province | ||
Country of incorporation of joint venture | China | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Dividends received | $ 0 | 0 | |
Coromandel SQM India [Member] | |||
Description of the nature of the relationship | Production and distribution of potassium nitrate, | ||
Principal place of business of joint venture | 1-2-10 Sardar Patel Road, Secunderabad – 500003 Andhra Pradesh | ||
Country of incorporation of joint venture | India | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Dividends received | $ 0 | 0 | |
SQM Vitas Fzco. [Member] | |||
Description of the nature of the relationship | Production and commercialization of specialty plant and animal nutrition and industrial hygiene, | ||
Principal place of business of joint venture | Jebel ALI Free Zone P.O. Box 18222, Dubai | ||
Country of incorporation of joint venture | United Arab Emirates | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Dividends received | $ 0 | 0 | |
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | |||
Description of the nature of the relationship | Production and distribution of nutrient plant solutions with specialties NPK soluble | ||
Principal place of business of joint venture | Longquan Town, Jimo City, Qingdao Municipality, Shangdong Province | ||
Country of incorporation of joint venture | China | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Dividends received | $ 0 | 0 | |
SQM Vitas Holland B.V. [Member] | |||
Description of the nature of the relationship | [1] | Without information | |
Dividends received | [1] | $ 0 | 0 |
SQM Vitas Brazil Agroindustria [Member] | |||
Description of the nature of the relationship | [1],[2] | Production and commercialization of specialty plant and animal nutrition and industrial hygiene, | |
Principal place of business of joint venture | [1],[2] | Via Cndeias, Km, 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia, | |
Country of incorporation of joint venture | [1],[2] | Brazil | |
Proportion of ownership interest in joint venture | [1],[2] | 49.99% | |
Dividends received | [2] | $ 0 | 0 |
SQM Vitas Peru S.A.C. [Member] | |||
Description of the nature of the relationship | [2] | Production and commercialization of specialty plant and animal nutrition and industrial hygiene | |
Principal place of business of joint venture | [2] | Av, Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima | |
Country of incorporation of joint venture | [2] | Peru | |
Proportion of ownership interest in joint venture | [2] | 50.00% | |
Dividends received | [2] | $ 0 | 0 |
SQM Vitas Plantacote B.V [Member] | |||
Description of the nature of the relationship | [3] | Production and commercialization of controlled-released fertilizers | |
Principal place of business of joint venture | [3] | Herikerbergweg 238, 1101 CM Amsterdam Zuidoost | |
Country of incorporation of joint venture | [3] | Holland | |
Proportion of ownership interest in joint venture | [3] | 50.00% | |
Dividends received | [3] | $ 0 | 0 |
Pavoni C Spa [Member] | |||
Description of the nature of the relationship | Production of specialized fertilizers and other products for distribution in Italy and other countries | ||
Principal place of business of joint venture | Corso Italia 172, 95129 Catania (CT), Sicily | ||
Country of incorporation of joint venture | Italy | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Dividends received | $ 0 | 0 | |
Covalent Lithium Pty Ltd [Member] | |||
Description of the nature of the relationship | development and operation of the Mt Holland Lithium project, which will include the construction of a lithium extraction and refining mine | ||
Principal place of business of joint venture | L18, 109 St. Georges Tce Perth WA 6000 PO Box Z5200 St Georges Tce Perth WA 6831 | ||
Country of incorporation of joint venture | Australia | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Dividends received | $ 0 | 0 | |
Minera Exar S.A. [Member] | |||
Description of the nature of the relationship | Exploration and exploitation of minerals, processing and trading of such minerals | ||
Principal place of business of joint venture | Dr. Sabín 1082 Ciudad de Nieva – San Salvador de Jujuy- Jujuy- República Argentina | ||
Country of incorporation of joint venture | Argentina | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Dividends received | $ 0 | 0 | |
Arpa Speciali SRL [Member] | |||
Description of the nature of the relationship | [4] | Production of specialty fertilizers and other products for distribution in Italy and other countries. | |
Principal place of business of joint venture | [4] | Mantova (MN) via Cremona 27 Int. 25 | |
Country of incorporation of joint venture | [4] | Italy | |
Proportion of ownership interest in joint venture | [4] | 50.48% | |
Dividends received | [4] | $ 0 | $ 0 |
[1] | During May 2016, SQM Vitas Holland B.V. sold its interest in SQM Vitas Spain, to SQM Iberian S.A. resulting in the latter obtaining 100% in this transaction generating a loss of ThUS$104. | ||
[2] | SQM Vitas Fzco. | ||
[3] | SQM Vitas Holland B.V. | ||
[4] | Pavoni &C.SPA |
Joint Ventures (Details 1)
Joint Ventures (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Investments accounted for using equity method | $ 111,549 | $ 152,630 | $ 133,140 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | 5,081 | 13,004 | 10,192 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | 504 | 717 | 5,458 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | (1,177) | 26 | 2,845 | |
Sichuan SQM Migao Chemical Fertilizers Co Ltd [Member] | ||||
Investments accounted for using equity method | [1] | 1,992 | 11,444 | 12,150 |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | [1] | (650) | (535) | (1,372) |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | [1] | (650) | (535) | (1,372) |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | [1] | $ 0 | 0 | 0 |
Coromandel SQM India [Member] | ||||
Name of joint venture | Coromandel SQM India | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | $ 1,729 | 1,633 | 1,499 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | 174 | 165 | 435 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | 174 | 165 | 435 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | $ 0 | 0 | 0 | |
SQM Vitas Fzco. [Member] | ||||
Name of joint venture | SQM Vitas Fzco. | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | $ 20,202 | 19,478 | 17,956 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | 1,781 | 1,502 | 3,458 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | 1,781 | 1,497 | 3,907 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | $ 0 | (5) | 449 | |
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | ||||
Name of joint venture | SQM Star Qingdao Corp Nutrition Co., Ltd. | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | $ 3,168 | 2,980 | 2,618 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | 188 | 361 | 163 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | 189 | 361 | 163 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | $ 1 | 0 | 0 | |
SQM Vitas Brazil Agroindustria [Member] | ||||
Name of joint venture | SQM Vitas Brazil Agroindustria | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | [2] | $ 12,405 | 11,003 | 9,343 |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | [2] | 2,879 | 1,753 | 4,570 |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | [2] | 779 | 826 | 5,130 |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | [2] | $ (661) | (51) | 2,845 |
SQM Vitas Peru S.A.C. [Member] | ||||
Name of joint venture | SQM Vitas Perú S.A.C. | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | [2] | $ 5,188 | 5,961 | 5,964 |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | [2] | (550) | (216) | 815 |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | [2] | (275) | (108) | 408 |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | [2] | $ 0 | 0 | 0 |
SQM Vitas Plantacote B.V [Member] | ||||
Name of joint venture | SQM Vitas Holland B.V. | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | [3] | $ 0 | 669 | 588 |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | [3] | 0 | (1) | 187 |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | [3] | 0 | (1) | (80) |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | [3] | 0 | 0 | 0 |
Minera Exar S.A. [Member] | ||||
Investments accounted for using equity method | [1] | 0 | 33,065 | 25,000 |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | [1] | (206) | (27) | 0 |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | [1] | (206) | (27) | 0 |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | [1] | (1) | 0 | 0 |
SQM Vitas Holland [Member] | ||||
Investments accounted for using equity method | 1,345 | 1,429 | 1,269 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | (14) | (18) | 171 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | (14) | (18) | 171 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | 0 | 0 | 0 | |
Joint ventures [member] | ||||
Investments accounted for using equity method | 17,715 | 17,633 | 15,895 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | 2,241 | 1,536 | 5,572 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | 1,287 | 1,443 | 3,304 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | $ 0 | (5) | 449 | |
Pavoni C Spa [Member] | ||||
Name of joint venture | Pavoni & C. Spa. | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | $ 7,084 | 0 | 0 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | (39) | 0 | 0 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | (40) | 0 | 0 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | $ 0 | 0 | 0 | |
Covalent Lithium Pty Ltd [Member] | ||||
Name of joint venture | Covalent Lithium Pty Ltd. | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | $ 53 | 0 | 0 | |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | 36 | 0 | 0 | |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | 53 | 0 | 0 | |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | $ 0 | 0 | 0 | |
Arpa Speciali SRL [Member] | ||||
Name of joint venture | Arpa Speciali S.R.L. | |||
Date of end of reporting period of financial statements of joint venture | Dec. 31, 2018 | |||
Description of whether investment in joint venture is measured using equity method or at fair value | Equity method | |||
Investments accounted for using equity method | [4] | $ 122 | 0 | 0 |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | [4] | (88) | 0 | 0 |
Share of total comprehensive income of associates and joint ventures accounted for using equity method | [4] | 0 | 0 | 0 |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | [4] | $ 0 | $ 0 | $ 0 |
[1] | During May 2016, SQM Vitas Holland B.V. sold its interest in SQM Vitas Spain, to SQM Iberian S.A. resulting in the latter obtaining 100% in this transaction generating a loss of ThUS$104. | |||
[2] | SQM Vitas Fzco. | |||
[3] | SQM Vitas Holland | |||
[4] | Pavoni &C.SPA |
Joint Ventures (Details 2)
Joint Ventures (Details 2) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current assets | $ 2,399,596,000 | $ 2,466,261,000 | $ 152,760,000 |
Long-Lived Assets | 1,868,498,000 | 1,829,975,000 | 23,938,000 |
Current liabilities | 555,663,000 | 748,045,000 | |
Non-current liabilities | 1,574,629,000 | 1,300,723,000 | 3,643,000 |
Revenue | 2,265,803,000 | 2,157,323,000 | 1,939,322,000 |
Profit (loss) from continuing operations | 442,063,000 | 428,417,000 | 281,924,000 |
Other comprehensive income | (486,000) | (4,948,000) | 548,000 |
Comprehensive income | 441,577,000 | 423,469,000 | 282,472,000 |
SQM Vitas Spain [Member] | |||
Current assets | 1,961,000 | ||
Long-Lived Assets | 588,000 | ||
Current liabilities | 11,000 | ||
Non-current liabilities | 0 | ||
Revenue | 0 | ||
Profit (loss) from continuing operations | 342,000 | ||
Other comprehensive income | 0 | ||
Comprehensive income | 342,000 | ||
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | |||
Current assets | 28,699,000 | 31,461,000 | 43,639,000 |
Long-Lived Assets | 6,098,000 | 6,656,000 | 7,399,000 |
Current liabilities | 13,281 | 15,228,000 | 26,738,000 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 12,000 | 13,326,000 | 16,051,000 |
Profit (loss) from continuing operations | (1,372,000) | (1,070,000) | (2,744,000) |
Other comprehensive income | 0 | 0 | 0 |
Comprehensive income | (1,372,000) | (1,070,000) | (2,744,000) |
Coromandel SQM India [Member] | |||
Current assets | 5,656,000 | 6,659,000 | 4,485,000 |
Long-Lived Assets | 852,000 | 862,000 | 847,000 |
Current liabilities | 3,050,000 | 4,205,000 | 2,334,000 |
Non-current liabilities | 0 | 53,000 | 0 |
Revenue | 11,605,000 | 10,381,000 | 8,034,000 |
Profit (loss) from continuing operations | 348,000 | 332,000 | 870,000 |
Other comprehensive income | 0 | 0 | 0 |
Comprehensive income | 348,000 | 332,000 | 870,000 |
SQM Vitas Fzco. [Member] | |||
Current assets | 25,489,000 | 23,699,000 | 20,896,000 |
Long-Lived Assets | 17,592,000 | 17,479,000 | 16,395,000 |
Current liabilities | 2,678,000 | 2,221,000 | 1,380,000 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 16,583,000 | 15,518,000 | 16,210,000 |
Profit (loss) from continuing operations | 3,561,000 | 3,003,000 | 6,916,000 |
Other comprehensive income | 1,000 | (9,000) | 897,000 |
Comprehensive income | 3,562,000 | 2,994,000 | 7,813,000 |
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | |||
Current assets | 7,754,000 | 6,941,000 | 5,733,000 |
Long-Lived Assets | 114,000 | 171,000 | 203,000 |
Current liabilities | 1,533,000 | 1,152,000 | 697,000 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 13,004,000 | 12,631,000 | 7,553,000 |
Profit (loss) from continuing operations | 377,000 | 721,000 | 325,000 |
Other comprehensive income | 0 | 0 | 0 |
Comprehensive income | 377,000 | 721,000 | 325,000 |
SQM Vitas Brazil Agroindustria [Member] | |||
Current assets | 36,648,000 | 30,303,000 | 21,511,000 |
Long-Lived Assets | 7,566,000 | 8,453,000 | 8,917,000 |
Current liabilities | 31,808,000 | 27,752,000 | 21,085,000 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 82,625,000 | 60,131,000 | 63,055,000 |
Profit (loss) from continuing operations | 2,879,000 | 1,753,000 | 4,570,000 |
Other comprehensive income | (1,322,000) | (101,000) | 5,690,000 |
Comprehensive income | 1,557,000 | 1,652,000 | 10,260,000 |
SQM Vitas Peru S.A.C. [Member] | |||
Current assets | 22,365,000 | 20,933,000 | 23,598,000 |
Long-Lived Assets | 7,785,000 | 8,534,000 | 8,931,000 |
Current liabilities | 18,996,000 | 17,380,000 | 20,333,000 |
Non-current liabilities | 5,966,000 | 6,126,000 | 6,231,000 |
Revenue | 28,619,000 | 35,299,000 | 36,926,000 |
Profit (loss) from continuing operations | (550,000) | (216,000) | 815,000 |
Other comprehensive income | 0 | 0 | 0 |
Comprehensive income | (550,000) | (216,000) | 815,000 |
SQM Vitas Plantacote B.V [Member] | |||
Current assets | 0 | 679,000 | |
Long-Lived Assets | 0 | 0 | |
Current liabilities | 0 | 10,000 | |
Non-current liabilities | 0 | 0 | |
Revenue | 0 | 0 | |
Profit (loss) from continuing operations | 0 | (1,000) | |
Other comprehensive income | 0 | 0 | |
Comprehensive income | 0 | (1,000) | |
SQM Vitas Holland B.V. [Member] | |||
Current assets | 2,692,000 | 2,190,000 | 619,000 |
Long-Lived Assets | 0 | 669,000 | 0 |
Current liabilities | 1,000 | 0 | 31,000 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 0 | 0 | 0 |
Profit (loss) from continuing operations | (28,000) | (36,000) | (159,000) |
Other comprehensive income | 0 | 0 | 0 |
Comprehensive income | (28,000) | (36,000) | (159,000) |
Minera Exar S.A. [Member] | |||
Current assets | 19,277,000 | ||
Long-Lived Assets | 73,114,000 | ||
Current liabilities | 38,670 | ||
Non-current liabilities | 0 | ||
Revenue | 0 | ||
Profit (loss) from continuing operations | (53,000) | ||
Other comprehensive income | 0 | ||
Comprehensive income | (53,000) | ||
Joint ventures [member] | |||
Current assets | 139,604,000 | 142,142,000 | 122,442,000 |
Long-Lived Assets | 46,597,000 | 115,938,000 | 43,280,000 |
Current liabilities | 79,678,000 | 106,618,000 | 72,609,000 |
Non-current liabilities | 6,664,000 | 6,179,000 | 6,231,000 |
Revenue | 167,909,000 | 147,286,000 | 147,829,000 |
Profit (loss) from continuing operations | 5,242,000 | 4,433,000 | 10,935,000 |
Other comprehensive income | (1,321,000) | (110,000) | 6,587,000 |
Comprehensive income | 3,921,000 | $ 4,323,000 | $ 17,522,000 |
Pavoni C Spa [Member] | |||
Current assets | 10,062,000 | ||
Long-Lived Assets | 6,490,000 | ||
Current liabilities | 8,098 | ||
Non-current liabilities | 698,000 | ||
Revenue | 15,461,000 | ||
Profit (loss) from continuing operations | (79,000) | ||
Other comprehensive income | 0 | ||
Comprehensive income | (79,000) | ||
Arpa Speciali SRL [Member] | |||
Current assets | 0 | ||
Long-Lived Assets | 0 | ||
Current liabilities | 0 | ||
Non-current liabilities | 0 | ||
Revenue | 0 | ||
Profit (loss) from continuing operations | 0 | ||
Other comprehensive income | 0 | ||
Comprehensive income | 0 | ||
Covalent Lithium Pty Ltd [Member] | |||
Current assets | 239,000 | ||
Long-Lived Assets | 100,000 | ||
Current liabilities | 233 | ||
Non-current liabilities | 0 | ||
Revenue | 0 | ||
Profit (loss) from continuing operations | 106,000 | ||
Other comprehensive income | 0 | ||
Comprehensive income | $ 106,000 |
Joint Ventures (Details 3)
Joint Ventures (Details 3) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Cash and cash equivalents | $ 556,066 | $ 630,438 | $ 514,669 | $ 527,259 | |
Other current financial liabilities | 23,585 | 220,328 | |||
Other non-current financial liabilities | 1,330,382 | 1,031,507 | |||
Depreciation and amortisation expense | (221,499) | (240,526) | (249,792) | ||
Interest Expense | $ (50,124) | (59,914) | (50,124) | (57,498) | |
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | |||||
Cash and cash equivalents | 106 | 6,198 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | (948) | (696) | (691) | ||
Interest Expense | (1) | (25) | (433) | ||
Income Tax Expense (Benefit) | 97 | 303 | 200 | ||
Coromandel SQM India [Member] | |||||
Cash and cash equivalents | 308 | 1,118 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | 0 | 0 | |||
Depreciation and amortisation expense | 445 | ||||
Interest Expense | (9) | (16) | (49) | ||
Income Tax Expense (Benefit) | (38) | (485) | (44) | ||
SQM Vitas Fzco. [Member] | |||||
Cash and cash equivalents | 19,312 | 15,307 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | (509) | (553) | (717) | ||
Interest Expense | (8) | (19) | (16) | ||
Income Tax Expense (Benefit) | 0 | 0 | 0 | ||
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | |||||
Cash and cash equivalents | 4,543 | 3,675 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | (67) | (68) | (64) | ||
Interest Expense | 0 | 0 | (1) | ||
Income Tax Expense (Benefit) | (187) | (174) | (195) | ||
SQM Vitas Brazil Agroindustria [Member] | |||||
Cash and cash equivalents | 1,869 | 5,139 | |||
Other current financial liabilities | 13,380 | 7,342 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | (408) | (453) | (438) | ||
Interest Expense | (886) | (1,253) | (2,127) | ||
Income Tax Expense (Benefit) | (117) | (283) | (337) | ||
SQM Vitas Peru S.A.C. [Member] | |||||
Cash and cash equivalents | 371 | 687 | |||
Other current financial liabilities | 3,819 | 2,215 | |||
Other non-current financial liabilities | 801 | 1,372 | |||
Depreciation and amortisation expense | (347) | (375) | (82) | ||
Interest Expense | (425) | (432) | |||
Income Tax Expense (Benefit) | (230) | (214) | (362) | ||
SQM Vitas Plantacote B.V [Member] | |||||
Cash and cash equivalents | 0 | 679 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | 0 | 0 | 0 | ||
Interest Expense | 0 | (1) | |||
Income Tax Expense (Benefit) | 0 | 0 | 0 | ||
SQM Vitas Holland B.V. [Member] | |||||
Cash and cash equivalents | 2,692 | 2,190 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | 0 | 0 | 0 | ||
Interest Expense | 0 | 0 | 0 | ||
Income Tax Expense (Benefit) | 0 | 0 | 0 | ||
Miera Exar S.A. [Member] | |||||
Cash and cash equivalents | 0 | 9,189 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | ||||
Depreciation and amortisation expense | 0 | (523) | 0 | ||
Interest Expense | 0 | (32) | 0 | ||
Income Tax Expense (Benefit) | 0 | (620) | 0 | ||
Joint ventures [member] | |||||
Cash and cash equivalents | 29,764 | 44,182 | |||
Other current financial liabilities | 22,663 | 9,557 | |||
Other non-current financial liabilities | 801 | 1,372 | |||
Depreciation and amortisation expense | (2,392) | (2,668) | (1,992) | ||
Interest Expense | (1,669) | (1,778) | (2,950) | ||
Income Tax Expense (Benefit) | (521) | (1,473) | (738) | ||
Pavoni C Spa [Member] | |||||
Cash and cash equivalents | 407 | 0 | |||
Other current financial liabilities | 5,464 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | (542) | 0 | 0 | ||
Interest Expense | (335) | 0 | 0 | ||
Income Tax Expense (Benefit) | 0 | 0 | 0 | ||
Arpa Speciali SRL [Member] | |||||
Cash and cash equivalents | 0 | 0 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | 0 | 0 | 0 | ||
Interest Expense | 0 | 0 | 0 | ||
Income Tax Expense (Benefit) | 0 | 0 | 0 | ||
Covalent Lithium Pty Ltd [Member] | |||||
Cash and cash equivalents | 156 | 0 | |||
Other current financial liabilities | 0 | 0 | |||
Other non-current financial liabilities | 0 | 0 | |||
Depreciation and amortisation expense | (16) | 0 | 0 | ||
Interest Expense | (5) | 0 | 0 | ||
Income Tax Expense (Benefit) | $ (46) | $ 0 | $ 0 |
Joint Ventures (Details Textual
Joint Ventures (Details Textual) $ in Thousands, in Thousands | 1 Months Ended | 12 Months Ended | |||||||
May 15, 2018USD ($) | Dec. 01, 2017USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($)MT | Dec. 31, 2016USD ($) | Apr. 30, 2018USD ($) | Mar. 31, 2018USD ($) | Oct. 06, 2017USD ($) | Oct. 06, 2017CLF ( ) | |
Percentage of voting equity interests acquired | 50.00% | ||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | $ 19,989 | $ 38,088 | $ 45,000 | ||||||
Volume of lithium metallic equivalent authorised to process and sell | MT | 45,000 | ||||||||
Payments for development project expenditure | $ 7,500 | ||||||||
Contingent Consideration Initial Payment | 15,000 | ||||||||
Payments Of Deferrred Contingent Consideration | 30,000 | ||||||||
Amounts recognised for transaction recognised separately from acquisition of assets and assumption of liabilities in business combination | 10,000 | ||||||||
Contingent Consideration Deferred Payment | 55,000 | ||||||||
Kidman [Member] | |||||||||
Capital commitments | 37,500 | ||||||||
Payments for development project expenditure | 7,500 | ||||||||
Minera Exar S.A. [Member] | |||||||||
Percentage of voting equity interests acquired | 50.00% | ||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | $ 6,205 | ||||||||
Gain (loss) that relates to identifiable assets acquired or liabilities assumed in business combination and is of such size, nature or incidence that disclosure is relevant to understanding combined entity's financial statements | 14,507 | ||||||||
Capital contributions made by related entities | $ 7,000 | $ 13,000 | $ 13,300 | 2,304,225 | |||||
Percentage of interest held by other entities | 50.00% | 50.00% | |||||||
SQM Potasio S.A. [Member] | |||||||||
Impairment loss | 8,802 | ||||||||
Pavoni C Spa [Member] | |||||||||
Acquisitions through business combinations, intangible assets and goodwill | $ 3,206 | ||||||||
SQM Australia Pty [Member] | |||||||||
Consideration transferred, acquisition-date fair value | $ 70,000 | ||||||||
Soquimich European Holding B.V. [Member] | |||||||||
Percentage of voting equity interests acquired | 50.00% | ||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | $ 6,800 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | $ 75 | $ 60 | ||
Cash in banks | 101,662 | 50,137 | ||
Other demand deposits | 746 | 1,530 | ||
Total cash | 102,483 | 51,727 | ||
Short-term deposits, classified as cash equivalents | 187,666 | 290,914 | ||
Short-term investments, classified as cash equivalents | 265,917 | 287,797 | ||
Total cash equivalents | 453,583 | 578,711 | ||
Total cash and cash equivalents | $ 556,066 | $ 630,438 | $ 514,669 | $ 527,259 |
Cash and cash equivalents (De_2
Cash and cash equivalents (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Cash and Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | $ 265,917 | $ 287,797 |
Legg Mason - Western Asset Institutional Cash Reserves [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | 132,108 | 144,464 |
JP Morgan US dollar Liquidity Fund Institutional [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | $ 133,809 | $ 143,333 |
Cash and cash equivalents (De_3
Cash and cash equivalents (Details 2) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | $ 556,066 | $ 630,438 | $ 514,669 | $ 527,259 |
Chilean Peso [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 157,500 | 579 | ||
US Dollar [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 353,037 | 612,727 | ||
Euro [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 4,739 | 9,782 | ||
Australian dollar [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 29,598 | 0 | ||
Mexican Peso [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 1,242 | 258 | ||
South African Rand [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 5,843 | 4,074 | ||
Japanese Yen [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 1,786 | 1,773 | ||
Peruvian Sol [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 7 | 8 | ||
Brazilian Real [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 0 | 38 | ||
Chinese Yuan [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 2,305 | 1,143 | ||
Indian Rupee [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 3 | 0 | ||
UAE dirham [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 1 | 0 | ||
Argentine Peso [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | 2 | 1 | ||
Pound Sterling [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | $ 3 | $ 55 |
Cash and cash equivalents (De_4
Cash and cash equivalents (Details 3) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Crédito e Inversiones | |
Notional amount | $ 16,796 | $ 1,039,755 |
Accrued income | 432 | 517 |
Short-term deposits, classified as cash equivalents | $ 187,666 | $ 290,914 |
Short term deposit One [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank | Scotiabank Sud Americano |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.50% | 0.24% |
Date of short term deposit | Oct. 18, 2018 | Nov. 21, 2017 |
Short term deposits, Maturity | Jan. 16, 2019 | Jan. 2, 2018 |
Notional amount | $ 14,606 | $ 8,943 |
Accrued income | 90 | 30 |
Short-term deposits, classified as cash equivalents | $ 14,696 | $ 8,973 |
Short term deposit Two [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Crédito e Inversiones | Banco Itau Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.55% | 0.24% |
Date of short term deposit | Nov. 6, 2018 | Nov. 28, 2017 |
Short term deposits, Maturity | Jan. 9, 2019 | Jan. 2, 2018 |
Notional amount | $ 19,632 | $ 15,652 |
Accrued income | 92 | 41 |
Short-term deposits, classified as cash equivalents | $ 19,724 | $ 15,693 |
Short term deposit Three [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank | Banco Itau Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.55% | 0.24% |
Date of short term deposit | Nov. 30, 2018 | Nov. 28, 2017 |
Short term deposits, Maturity | Jan. 3, 2019 | Jan. 2, 2018 |
Notional amount | $ 14,393 | $ 15,652 |
Accrued income | 38 | 41 |
Short-term deposits, classified as cash equivalents | $ 14,431 | $ 15,693 |
Short term deposit Four [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank | Banco BBVA Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.55% | 0.23% |
Date of short term deposit | Dec. 3, 2018 | Nov. 28, 2017 |
Short term deposits, Maturity | Jan. 3, 2019 | Jan. 2, 2018 |
Notional amount | $ 11,515 | $ 15,652 |
Accrued income | 27 | 40 |
Short-term deposits, classified as cash equivalents | $ 11,542 | $ 15,692 |
Short term deposit Five [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Itau-Corpbanca | Banco BBVA Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.50% | 0.23% |
Date of short term deposit | Dec. 3, 2018 | Nov. 28, 2017 |
Short term deposits, Maturity | Jan. 3, 2019 | Jan. 2, 2018 |
Notional amount | $ 14,393 | $ 15,652 |
Accrued income | 34 | 40 |
Short-term deposits, classified as cash equivalents | $ 14,427 | $ 15,692 |
Short term deposit Six [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Itau-Corpbanca | Banco Itau Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.50% | 0.25% |
Date of short term deposit | Dec. 7, 2018 | Nov. 29, 2017 |
Short term deposits, Maturity | Jan. 9, 2019 | Feb. 27, 2018 |
Notional amount | $ 14,393 | $ 18,857 |
Accrued income | 29 | 50 |
Short-term deposits, classified as cash equivalents | $ 14,422 | $ 18,907 |
Short term deposit Seven [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Itau-Corpbanca | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.50% | 0.26% |
Date of short term deposit | Dec. 10, 2018 | Dec. 12, 2017 |
Short term deposits, Maturity | Jan. 9, 2019 | Jan. 11, 2018 |
Notional amount | $ 12,954 | $ 15,982 |
Accrued income | 23 | 26 |
Short-term deposits, classified as cash equivalents | $ 12,977 | $ 16,008 |
Short term deposit Eight [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.35% | 0.26% |
Date of short term deposit | Dec. 10, 2018 | Dec. 12, 2017 |
Short term deposits, Maturity | Jan. 9, 2019 | Jan. 11, 2018 |
Notional amount | $ 12,954 | $ 8,524 |
Accrued income | 21 | 14 |
Short-term deposits, classified as cash equivalents | $ 12,975 | $ 8,538 |
Short term deposit Nine [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Itau-Corpbanca | Banco Itau Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | Ch$ |
Short term deposits, Interest rate | 3.06% | 0.24% |
Date of short term deposit | Dec. 11, 2018 | Dec. 12, 2017 |
Short term deposits, Maturity | Jan. 11, 2019 | Jan. 11, 2018 |
Notional amount | $ 1,300 | $ 15,982 |
Accrued income | 2 | 24 |
Short-term deposits, classified as cash equivalents | $ 1,302 | $ 16,006 |
Short term deposit Ten [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Estado | Banco Itau Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | Ch$ |
Short term deposits, Interest rate | 2.75% | 0.24% |
Date of short term deposit | Dec. 12, 2018 | Dec. 12, 2017 |
Short term deposits, Maturity | Jan. 15, 2019 | Jan. 11, 2018 |
Notional amount | $ 1,000 | $ 7,458 |
Accrued income | 1 | 11 |
Short-term deposits, classified as cash equivalents | $ 1,001 | $ 7,469 |
Short term deposit Eleven [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Itau-Corpbanca | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.50% | 0.26% |
Date of short term deposit | Dec. 14, 2018 | Dec. 14, 2017 |
Short term deposits, Maturity | Jan. 9, 2019 | Jan. 16, 2018 |
Notional amount | $ 14,392 | $ 19,780 |
Accrued income | 20 | 29 |
Short-term deposits, classified as cash equivalents | $ 14,412 | $ 19,809 |
Short term deposit Twelve [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.65% | 0.26% |
Date of short term deposit | Dec. 17, 2018 | Dec. 14, 2017 |
Short term deposits, Maturity | Jan. 17, 2019 | Jan. 16, 2018 |
Notional amount | $ 14,393 | $ 15,665 |
Accrued income | 18 | 23 |
Short-term deposits, classified as cash equivalents | $ 14,411 | $ 15,688 |
Short term deposit Thirteen [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 2.60% | 0.26% |
Date of short term deposit | Dec. 17, 2018 | Dec. 14, 2017 |
Short term deposits, Maturity | Jan. 17, 2019 | Jan. 16, 2018 |
Notional amount | $ 10,892 | $ 11,488 |
Accrued income | 13 | 17 |
Short-term deposits, classified as cash equivalents | $ 10,905 | $ 11,505 |
Short term deposit Fourteen [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Crédito e Inversiones | |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | Ch$ |
Short term deposits, Interest rate | 2.93% | 0.26% |
Date of short term deposit | Dec. 17, 2018 | Dec. 15, 2017 |
Short term deposits, Maturity | Jan. 31, 2019 | Jan. 16, 2018 |
Notional amount | $ 1,400 | $ 15,568 |
Accrued income | 2 | 22 |
Short-term deposits, classified as cash equivalents | $ 1,402 | $ 15,590 |
Short term deposit Fifteen [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Itau-Corpbanca | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | Ch$ |
Short term deposits, Interest rate | 3.30% | 0.26% |
Date of short term deposit | Dec. 17, 2018 | Dec. 15, 2017 |
Short term deposits, Maturity | Jan. 31, 2019 | Jan. 16, 2018 |
Notional amount | $ 1,400 | $ 15,568 |
Accrued income | 2 | 22 |
Short-term deposits, classified as cash equivalents | $ 1,402 | $ 15,590 |
Short term deposit Sixteen [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Itau-Corpbanca | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | Ch$ |
Short term deposits, Interest rate | 3.40% | 0.26% |
Date of short term deposit | Dec. 17, 2018 | Dec. 15, 2017 |
Short term deposits, Maturity | Jan. 31, 2019 | Jan. 16, 2018 |
Notional amount | $ 3,000 | $ 15,568 |
Accrued income | 4 | 22 |
Short-term deposits, classified as cash equivalents | $ 3,004 | $ 15,590 |
Short term deposit Seventeen [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco de Chile | Banco BBVA Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | Ch$ |
Short term deposits, Interest rate | 3.06% | 0.24% |
Date of short term deposit | Dec. 17, 2018 | Dec. 29, 2017 |
Short term deposits, Maturity | Jan. 31, 2019 | Jan. 10, 2018 |
Notional amount | $ 1,700 | $ 4,107 |
Accrued income | 2 | 1 |
Short-term deposits, classified as cash equivalents | $ 1,702 | $ 4,108 |
Short term deposit Eighteen [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank Sud Americano | Banco BBVA Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | Ch$ |
Short term deposits, Interest rate | 2.95% | 0.24% |
Date of short term deposit | Dec. 17, 2018 | Dec. 29, 2017 |
Short term deposits, Maturity | Jan. 31, 2019 | Jan. 10, 2018 |
Notional amount | $ 1,500 | $ 2,765 |
Accrued income | 2 | 0 |
Short-term deposits, classified as cash equivalents | $ 1,502 | $ 2,765 |
Short term deposit Nineteen [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco de Chile | Banco Santander - Santiago |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 3.26% | 0.28% |
Date of short term deposit | Dec. 19, 2018 | Dec. 27, 2017 |
Short term deposits, Maturity | Jan. 31, 2019 | Jan. 18, 2018 |
Notional amount | $ 800 | $ 700 |
Accrued income | 1 | 0 |
Short-term deposits, classified as cash equivalents | $ 801 | $ 700 |
Short term deposit Twenty [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Crédito e Inversiones | Banco Santander - Santiago |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 3.42% | 0.40% |
Date of short term deposit | Dec. 26, 2018 | Dec. 15, 2017 |
Short term deposits, Maturity | Feb. 26, 2019 | Feb. 13, 2018 |
Notional amount | $ 2,800 | $ 15,000 |
Accrued income | 1 | 27 |
Short-term deposits, classified as cash equivalents | $ 2,801 | $ 15,027 |
Short term deposit Twenty One [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco de Chile | Banco Santander - Santiago |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 3.26% | 0.40% |
Date of short term deposit | Dec. 26, 2018 | Dec. 15, 2017 |
Short term deposits, Maturity | Feb. 26, 2019 | Feb. 13, 2018 |
Notional amount | $ 2,800 | $ 14,000 |
Accrued income | 1 | 25 |
Short-term deposits, classified as cash equivalents | $ 2,801 | $ 14,025 |
Short term deposit Twenty Two [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank Sud Americano (*) | Corpbanca |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 0.26% | 0.22% |
Date of short term deposit | Dec. 27, 2018 | Dec. 28, 2017 |
Short term deposits, Maturity | Jan. 7, 2019 | Jan. 4, 2018 |
Notional amount | $ 1,439 | $ 1,301 |
Accrued income | 1 | 0 |
Short-term deposits, classified as cash equivalents | $ 1,440 | $ 1,301 |
Short term deposit Twenty Three [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank Sud Americano (*) | Scotiabank Sud Americano |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 0.26% | 0.21% |
Date of short term deposit | Dec. 27, 2018 | Dec. 29, 2017 |
Short term deposits, Maturity | Jan. 14, 2019 | Jan. 5, 2018 |
Notional amount | $ 2,879 | $ 976 |
Accrued income | 1 | 0 |
Short-term deposits, classified as cash equivalents | $ 2,880 | $ 976 |
Short term deposit Twenty Four [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Scotiabank Sud Americano (*) | Scotiabank Sud Americano |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | Ch$ |
Short term deposits, Interest rate | 0.26% | 0.21% |
Date of short term deposit | Dec. 27, 2018 | Dec. 29, 2017 |
Short term deposits, Maturity | Jan. 21, 2019 | Jan. 5, 2018 |
Notional amount | $ 1,439 | $ 569 |
Accrued income | 1 | 0 |
Short-term deposits, classified as cash equivalents | $ 1,440 | $ 569 |
Short term deposit Twenty Five [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Estado | Banco Santander - Santiago |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 3.15% | 2.45% |
Date of short term deposit | Dec. 28, 2018 | Dec. 6, 2017 |
Short term deposits, Maturity | Jan. 28, 2019 | Jan. 5, 2018 |
Notional amount | $ 2,000 | $ 3,500 |
Accrued income | 1 | 6 |
Short-term deposits, classified as cash equivalents | $ 2,001 | $ 3,506 |
Short term deposit Twenty Six [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Estado | Scotiabank Sud Americano |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 3.15% | 3.40% |
Date of short term deposit | Dec. 28, 2018 | Dec. 15, 2017 |
Short term deposits, Maturity | Jan. 28, 2019 | Jan. 16, 2018 |
Notional amount | $ 600 | $ 2,000 |
Accrued income | 0 | 3 |
Short-term deposits, classified as cash equivalents | $ 600 | $ 2,003 |
Short term deposit Twenty Seven [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco de Chile | Banco BBVA Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 3.16% | 2.80% |
Date of short term deposit | Dec. 28, 2018 | Dec. 26, 2017 |
Short term deposits, Maturity | Jan. 28, 2019 | Jan. 26, 2018 |
Notional amount | $ 2,000 | $ 2,200 |
Accrued income | 1 | 1 |
Short-term deposits, classified as cash equivalents | $ 2,001 | $ 2,201 |
Short term deposit Twenty Eight [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Crédito e Inversiones | Banco Crédito e Inversiones |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 2.53% | 2.30% |
Date of short term deposit | Dec. 28, 2018 | Dec. 27, 2017 |
Short term deposits, Maturity | Jan. 8, 2019 | Jan. 4, 2018 |
Notional amount | $ 1,000 | $ 2,300 |
Accrued income | 0 | 1 |
Short-term deposits, classified as cash equivalents | $ 1,000 | $ 2,301 |
Short term deposit Twenty Nine [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Crédito e Inversiones | Banco Santander - Santiago |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 3.08% | 2.88% |
Date of short term deposit | Dec. 28, 2018 | Dec. 27, 2017 |
Short term deposits, Maturity | Jan. 28, 2019 | Jan. 4, 2018 |
Notional amount | $ 2,500 | $ 2,300 |
Accrued income | 1 | 1 |
Short-term deposits, classified as cash equivalents | $ 2,501 | $ 2,301 |
Short term deposit Thirty [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Banco Santander- Santiago | Banco BBVA Chile |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | Ch$ | US$ |
Short term deposits, Interest rate | 0.20% | 2.80% |
Date of short term deposit | Dec. 28, 2018 | Dec. 27, 2017 |
Short term deposits, Maturity | Jan. 4, 2019 | Jan. 4, 2018 |
Notional amount | $ 432 | $ 1,400 |
Accrued income | 0 | 0 |
Short-term deposits, classified as cash equivalents | $ 432 | $ 1,400 |
Short term deposit Thirty One [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | BBVA Banco Francés | BBVA Banco Francés |
Description of type of deposit | Fixed term | Fixed term |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 0.00% | 0.19% |
Date of short term deposit | Dec. 31, 2018 | Dec. 11, 2017 |
Short term deposits, Maturity | Jan. 21, 2019 | Jan. 31, 2018 |
Notional amount | $ 81 | $ 163 |
Accrued income | 3 | 0 |
Short-term deposits, classified as cash equivalents | $ 84 | $ 163 |
Short term deposit Thirty Two [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | Nedbank | Nedbank |
Description of type of deposit | On demand | On demand |
Short term deposits, original currency | US$ | US$ |
Short term deposits, Interest rate | 0.00% | 0.00% |
Date of short term deposit | Dec. 31, 2018 | Dec. 1, 2017 |
Short term deposits, Maturity | Jan. 1, 2019 | Jan. 31, 2018 |
Notional amount | $ 647 | $ 3,686 |
Accrued income | 0 | 0 |
Short-term deposits, classified as cash equivalents | $ 647 | $ 3,686 |
Short term deposit Thirty Three [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Name of the receiver of deposit | ABN Amro Bank | |
Description of type of deposit | Fixed term | |
Short term deposits, original currency | US$ | |
Short term deposits, Interest rate | 0.00% | |
Date of short term deposit | Dec. 31, 2017 | |
Short term deposits, Maturity | Jan. 2, 2018 | |
Notional amount | $ 1,439 | |
Accrued income | 0 | |
Short-term deposits, classified as cash equivalents | $ 1,439 |
Cash and cash equivalents (De_5
Cash and cash equivalents (Details 4) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Cash And Cash Equivalent [Line Items] | ||||
Cash and cash equivalents | $ 556,066 | $ 630,438 | $ 514,669 | $ 527,259 |
Other current financial assets | 312,721 | 366,979 | ||
Other non-current financial assets | 17,131 | 42,879 | ||
Borrowings - repayable within one year (including overdraft) | 0 | (163,568) | ||
Borrowings - repayable after one year | (68,870) | 0 | ||
Net Debt | (471,755) | (245,508) | ||
Cash and liquid investments | 882,212 | 1,006,327 | ||
Gross debt - fixed interest rates | (1,353,967) | (1,251,835) | ||
Net Debt | $ (471,755) | $ (245,508) |
Cash and cash equivalents (De_6
Cash and cash equivalents (Details 5) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Cash and cash equivalents at beginning of period | $ 630,438 | $ 514,669 | $ 527,259 |
Repayment of borrowings | 213,000 | 180,987 | 517,000 |
Other Income | 32,048 | 17,827 | 15,202 |
Other cash and cash equivalents | (746) | (1,530) | |
Cash and cash equivalents at end of period | 556,066 | 630,438 | 514,669 |
Non current Financial Liabilities [Member] | |||
Cash and cash equivalents at beginning of period | (1,251,835) | ||
Repayment of borrowings | 213,000 | ||
Loans received | (376,039) | ||
Other Income | 0 | ||
Instrument coverage and non coverage | 23,092 | ||
Currency translation difference | 39,520 | ||
Other cash and cash equivalents | (1,704) | ||
Cash and cash equivalents at end of period | (1,353,967) | (1,251,835) | |
Cash and cash equivalent [Member] | |||
Cash and cash equivalents at beginning of period | 630,438 | ||
Repayment of borrowings | 0 | ||
Loans received | 0 | ||
Other Income | (49,478) | ||
Instrument coverage and non coverage | 0 | ||
Currency translation difference | (24,894) | ||
Other cash and cash equivalents | 0 | ||
Cash and cash equivalents at end of period | 556,066 | 630,438 | |
Net Debt [Member] | |||
Cash and cash equivalents at beginning of period | (245,508) | ||
Repayment of borrowings | 213,000 | ||
Loans received | (376,039) | ||
Other Income | (118,629) | ||
Instrument coverage and non coverage | 42,500 | ||
Currency translation difference | 14,626 | ||
Other cash and cash equivalents | (1,704) | ||
Cash and cash equivalents at end of period | (471,755) | (245,508) | |
Other Current [Member] | |||
Cash and cash equivalents at beginning of period | $ 375,889 | ||
Repayment of borrowings | 0 | ||
Loans received | 0 | ||
Other Income | (69,151) | ||
Instrument coverage and non coverage | 19,408 | ||
Currency translation difference | 0 | ||
Other cash and cash equivalents | 0 | ||
Cash and cash equivalents at end of period | $ 326,146 | $ 375,889 |
Inventories (Details)
Inventories (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Inventories [Abstract] | |||
Raw material reserves | $ 6,764 | $ 9,364 | $ 7,536 |
Supplies for production reserves | 26,840 | 22,257 | 23,610 |
Products-in-progress reserves | 423,621 | 456,333 | 482,261 |
Finished product reserves | 456,449 | 414,120 | 479,665 |
Total | $ 913,674 | $ 902,074 | $ 993,072 |
Inventories (Details 1)
Inventories (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Inventories [Abstract] | ||||
Raw material reserves | $ 1,838 | $ 93 | $ 93 | |
Suministros para la producción | 0 | 0 | 920 | |
Products-in-progress reserves | 82,673 | 80,249 | 50,925 | |
Finished product reserves | 20,771 | 15,942 | 29,357 | |
Total | $ 105,282 | $ 96,284 | $ 81,295 | $ 80,369 |
Inventories (Details 2)
Inventories (Details 2) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Inventories [Abstract] | ||||
Opening balance | $ 96,284 | $ 81,295 | $ 80,369 | |
Changes | ||||
Additional provisions | [1] | 3,176 | 573 | 6,071 |
Increase (decrease) in existing provisions | [2] | 2,436 | (178) | (6,339) |
Total changes | 8,998 | 14,989 | 926 | |
Increase in lower value | [3] | 7,845 | 19,515 | 2,255 |
Provision used, other provisions | (54,778) | (18,338) | (1,061) | |
Final Balance | $ 105,282 | $ 96,284 | $ 81,295 | |
[1] | Provisions for Inventory Differences generated when physical differences are detected when taking inventory, which exceed the tolerance levels for this process. At least two annual inventories are taken in the production sites and in the port in Chile (“zero sum” systems have immediate potential adjustments). | |||
[2] | This algorithm corresponds to diverse provision percentages based on the complexity in the measurement and rotation of stock, as well as standard differences based on previous profit and loss, as is the case with provisions in Commercial Offices. | |||
[3] | There are three types of Lower Value Provisions: Economic Realizable Lower Value, Potential Inventory with Uncertain Future Use and Reprocessing Costs of Off-Specification Products. |
Inventories (Details Textual)
Inventories (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Inventories [Abstract] | |||
Current materials and supplies to be consumed in production process or rendering services | $ 347,100 | $ 333,194 | |
Cost of inventories recognised as expense during period | 105,282,000 | 96,284,000 | |
Cost of sales | $ 1,483,524,000 | $ 1,394,822,000 | $ 1,328,285,000 |
Related party disclosures (Deta
Related party disclosures (Details) | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | ||||
Related party disclosures [Line Items] | |||||
Tax ID | 96,529,340-k | Oman | |||
Country of origin | Jordan | [1] | United States | ||
Functional currency | CLP | Turkish Lira | [2] | ||
Nature | Joint venture | Joint venture | |||
Nitratos Naturais Do Chile Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Brazil | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Nitrate Corporation Of Chile Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | United Kingdom | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM North America Corp. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | United States | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Europe N.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Belgium | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Soquimich S.R.L. Argentina [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Argentina | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Soquimich European Holding B.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | The Netherlands | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Corporation N.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | The Netherlands | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQI Corporation N.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | The Netherlands | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Comercial De Mexico S.A. de C.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Mexico | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
North American Trading Company [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | United States | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Administracion y Servicios Santiago S.A. de C.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Country of origin | Mexico | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Peru S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Peru | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Ecuador S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Ecuador | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Nitratos Mexico S.A. de C.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Mexico | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQMC Holding Corporation L.L.P. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | United States | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Investment Corporation N.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | The Netherlands | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Brasil Limitada [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Brazil | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM France S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | France | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Japan Co. Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Japan | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Royal Seed Trading Corporation A.V.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Aruba | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Oceania Pty Limited [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Australia | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Rs Agro-Chemical Trading Corporation A.V.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Aruba | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Indonesia S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Indonesia | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Virginia L.L.C. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | United States | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Italia SRL [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Italy | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Comercial Caiman Internacional S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Panama | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Africa Pty Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | South Africa | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Colombia SAS [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Colombia | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Internacional NV Member [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Belgium | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Lithium Specialties LLC [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | United States | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Iberian S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Spain | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Beijing Commercial Co. Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | China | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Thailand Limited [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Thailand | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Australia Pty [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Australia | ||||
Functional currency | Australian dollar | ||||
Nature | Subsidiary | ||||
SACAL S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Argentina | ||||
Functional currency | Argentine peso | ||||
Nature | Subsidiary | ||||
Comercial Hydro S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 96,801,610-5 | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Potasio S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 96,651,060-9 | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Nitratos S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 96,592,190-7 | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Ajay SQM Chile S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 96,592,180-K | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQMC Internacional Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 86,630,200-6 | ||||
Country of origin | Chile | ||||
Functional currency | Chilean peso | ||||
Nature | Subsidiary | ||||
SQM Industrial S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 79,947,100-0 | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Isapre Norte Grande Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 79,906,120-1 | ||||
Country of origin | Chile | ||||
Functional currency | Chilean peso | ||||
Nature | Subsidiary | ||||
Almacenes y Depositos Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 79,876,080-7 | ||||
Country of origin | Chile | ||||
Functional currency | Chilean peso | ||||
Nature | Subsidiary | ||||
Servicios Integrales de Transitos y Transferencias S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 79,770,780-5 | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Soquimich Comercial S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 79,768,170-9 | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
SQM Salar S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 79,626,800-K | ||||
Country of origin | Chile | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Proinsa Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 78,053,910-0 | ||||
Country of origin | Chile | ||||
Functional currency | Chilean peso | ||||
Nature | Subsidiary | ||||
Doktor Tarsa Tarim Sanayi AS [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | Turkey | ||||
Functional currency | YTL | ||||
Nature | Associate | ||||
Charlee SQM Thailand Co. Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [3],[4] | Foreign | |||
Country of origin | [4] | Thailand | [3] | Thailand | |
Functional currency | [4] | Thai baht | Thai baht | ||
Nature | [4] | Associate | [3] | Associate | |
Minera Exar S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [5],[6] | Foreign | |||
Country of origin | [5] | Argentina | |||
Functional currency | [5] | US$ | |||
Nature | [5],[6] | Joint venture | |||
SQM Shanghai Chemicals Co Ltd [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Country of origin | China | ||||
Functional currency | US$ | ||||
Nature | Subsidiary | ||||
Ara Dos Primera del Salar de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Ara Tres Primera del Salar de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Ara Cuatro Primera del Salar de Pampa Blanca Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Ara Cinco Primera del Salar de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Curicó Dos Primera del Salar de Pampa Alta, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Curicó Tres Primera del Sector de Pampa Alta, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Evelyn Veinticuatro Primera de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Filomena Tres Primera de Oficina Filomena, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Filomena Cuatro Primera de Oficina Filomena, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Cuatro Primera de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Cuatro Segunda del Salar de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Cuatro Tercera de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Cuatro Cuarta de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Cuatro Quinta de Pampa Blanca, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Primera del Salar de Pampa Blanca de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Segunda del Salar de Pampa Blanca de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Francis Tercera del Salar de Pampa Blanca de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Ivon Primera de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Ivon Décima Segunda de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Ivon Sexta de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Julia Primera de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Lorena Trigésimo Quinta de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Perseverancia Primera de Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Tamara 40 Primera del Sector S.E. OF. Concepción, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Tamara Tercera de Oficina Concepción, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
Tamara 40 Segunda del Sector S.E. OF Concepción, Sierra Gorda [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [7] | N/A | |||
Country of origin | [7] | Chile | |||
Functional currency | [7] | Chilean peso | |||
Nature | [7] | Other related parties | |||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL | ||||
[2] | These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. | ||||
[3] | As of November 2018, the ownership interest in Charlee SQM Thailand Co. Ltd. was sold. | ||||
[4] | During the month of November 2018, the stake held in Charlee SQM Thailand Co. Ltd. was sold. | ||||
[5] | During the month of December 2018, the stake held in Minera Exar S.A. | ||||
[6] | During the month of December 2018, the stake held in Minera Exar S.A. was sold. | ||||
[7] | Correspond to Mining Contractual Societies |
Related party disclosures (De_2
Related party disclosures (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Related party disclosures [Line Items] | |||||
Tax ID | 96,529,340-k | Oman | |||
Nature | Joint venture | Joint venture | |||
Country of origin | Jordan | [1] | United States | ||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | $ 149,978 | $ 268,237 | $ 212,191 | ||
Dividend income | 2,807 | ||||
Revenue from rendering of services, related party transactions | 0 | ||||
Amounts receivable, related party transactions | [2] | $ 0 | |||
Doktor Tarsa Tarim Sanayi AS [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Turkey | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 17,538 | 11,619 | |||
Ajay Europe S.A.R.L [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | France | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 15,706 | 17,977 | |||
Ajay Europe S,A.R.L. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | France | ||||
Transaction | Dividends | ||||
Dividend income | 969 | 1,338 | |||
Ajay North America LLC. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | United States | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | $ 16,810 | 13,206 | 12,865 | ||
Abu Dhabi Fertilizer Industries WWL [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | United Arab Emirates | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | $ 4,351 | 8,312 | |||
Charlee SQM Thailand Co. Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [3],[4] | Foreign | |||
Nature | [4] | Associate | [3] | Associate | |
Country of origin | [4] | Thailand | [3] | Thailand | |
Transaction | [3] | Sale of products | |||
Revenue from sale of goods, related party transactions | [3] | $ 4,960 | $ 5,102 | 3,798 | |
Sales de Magnesio Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 77.557.430-5 | ||||
Nature | Associate | ||||
Country of origin | Chile | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 45 | 0 | |||
Kowa Company Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [5] | Foreign | |||
Nature | [5] | Other related parties | |||
Country of origin | [5] | Japan | |||
Transaction | [5] | Sale of products | |||
Revenue from sale of goods, related party transactions | [5] | 132,495 | 91,678 | ||
SQM Vitas Brasil Agroindustria [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint control or significant influence | ||||
Country of origin | Brazil | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 31,137 | 17,686 | |||
SQM Vitas Peru S.A.C. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint control or significant influence | ||||
Country of origin | Peru | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 23,058 | 22,090 | |||
SQM Vitas Fzco. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | United Arab Emirates | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 85 | 965 | |||
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | China | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 0 | 9,950 | |||
Coromandel SQM India [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | India | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 8,011 | 4,630 | |||
SQM Vitas Spain [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | Spain | ||||
Revenue from sale of goods, related party transactions | 0 | 5,528 | |||
SQM Vitas Plantacote B.V [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | Netherlands | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 0 | 49 | |||
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | China | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 200 | 166 | |||
SQM Vitas Holland B.V. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | Holland | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 0 | 634 | |||
Callegari Agricola S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 79.049.778-9 | ||||
Nature | Other related parties | ||||
Country of origin | Chile | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 210 | 44 | |||
Minera Exar S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [2],[6] | Foreign | |||
Nature | [2],[6] | Joint venture | |||
Country of origin | [6] | Argentina | |||
Transaction | [2] | Loans | |||
Amounts receivable, related party transactions | [2] | 11,000 | 0 | ||
Terra Tarsa Ukraine LLC [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Turkey | ||||
Transaction | Sale of services | ||||
Revenue from rendering of services, related party transactions | 1,218 | 0 | |||
Terra Tarsa Don LLC [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Russian Federation | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 423 | 0 | |||
Plantacote N.V [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Belgium | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | 2,108 | 0 | |||
Ajay North America LLC. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | United States | ||||
Transaction | Dividends | ||||
Dividend income | 1,123 | 2,605 | |||
Charlee SQM Thailand Co. Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [3] | Foreign | |||
Nature | [3] | Associate | |||
Country of origin | [3] | Thailand | |||
Transaction | [3] | Dividends | |||
Dividend income | [3] | 0 | 0 | ||
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | China | ||||
Transaction | Sale of services | ||||
Revenue from rendering of services, related party transactions | 252 | 257 | |||
Abu Dhabi Fertilizer Industries WWL [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | United Arab Emirates | ||||
Transaction | Dividends | ||||
Dividend income | 0 | 0 | |||
SQM Eastmed Turkey [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Turkey | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | $ 30 | 0 | 0 | ||
Pavoni & C, SPA [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | Italy | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | $ 201 | 0 | 0 | ||
Arpa Speciali SRL [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreing | ||||
Nature | Other related parties | ||||
Country of origin | Italy | ||||
Transaction | Sale of products | ||||
Revenue from sale of goods, related party transactions | $ 207 | $ 0 | $ 0 | ||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL | ||||
[2] | During the month of December 2018, the stake held in Minera Exar S.A. was sold. | ||||
[3] | As of November 2018, the ownership interest in Charlee SQM Thailand Co. Ltd. was sold. | ||||
[4] | During the month of November 2018, the stake held in Charlee SQM Thailand Co. Ltd. was sold. | ||||
[5] | As of December 31, 2018, Kowa Company Ltd. is not considered a related party. | ||||
[6] | During the month of December 2018, the stake held in Minera Exar S.A. |
Related party disclosures (De_3
Related party disclosures (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | ||||
Related party disclosures [Line Items] | |||||
Tax ID | 96,529,340-k | Oman | |||
Nature | Joint venture | Joint venture | |||
Country of origin | Jordan | [1] | United States | ||
Currency | CLP | Turkish Lira | [2] | ||
Current receivables due from related parties | $ 44,554 | $ 59,132 | |||
Charlee SQM Thailand Co. Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [3],[4] | Foreign | |||
Nature | [4] | Associate | [3] | Associate | |
Country of origin | [4] | Thailand | [3] | Thailand | |
Currency | [4] | Thai baht | Thai baht | ||
Current receivables due from related parties | $ 0 | $ 1,204 | |||
Ajay Europe SARL [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | France | ||||
Currency | Euro | ||||
Current receivables due from related parties | $ 3,756 | 4,689 | |||
Ajay North America LLC. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | United States | ||||
Currency | US$ | ||||
Current receivables due from related parties | $ 2,079 | 2,005 | |||
Abu Dhabi Fertilizer Industries WWL [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | United Arab Emirates | ||||
Currency | Arab Emirates dirham | ||||
Current receivables due from related parties | $ 857 | 73 | |||
Kowa Company Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [5] | Foreign | |||
Nature | [5] | Other related parties | |||
Country of origin | [5] | Japan | |||
Currency | US$ | ||||
Current receivables due from related parties | $ 0 | 5,008 | |||
Soc.de Inversiones Pampa Calichera [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | 96.511.530-7 | ||||
Nature | Jointly controlled entity | ||||
Country of origin | Chile | ||||
Currency | US$ | ||||
Current receivables due from related parties | $ 6 | 6 | |||
SQM Vitas Brazil Agroindustria [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | Brazil | ||||
Currency | US$ | ||||
Current receivables due from related parties | $ 15,818 | 17,293 | |||
SQM Vitas Peru S.A.C. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint control or significant influence | ||||
Country of origin | Peru | ||||
Currency | US$ | ||||
Current receivables due from related parties | $ 12,768 | 13,766 | |||
Coromandel SQM India [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | India | ||||
Currency | Indian rupee | ||||
Current receivables due from related parties | $ 2,025 | 3,804 | |||
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | China | ||||
Currency | Emirates dirham | ||||
Current receivables due from related parties | $ 105 | 0 | |||
SQM Vitas Fzco. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | United Arab Emirates | ||||
Currency | US$ | ||||
Current receivables due from related parties | $ 248 | 50 | |||
SQM Vitas Plantacote B.V [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | Netherlands | ||||
Currency | Euro | ||||
Current receivables due from related parties | $ 312 | 190 | |||
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Joint venture | ||||
Country of origin | China | ||||
Currency | Russian ruble | ||||
Current receivables due from related parties | $ 41 | 44 | |||
Plantacote N.V [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Belgium | ||||
Currency | US$ | ||||
Current receivables due from related parties | $ 0 | 11,000 | |||
Terra Tarsa Don LLC [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Russian Federation | ||||
Currency | Euro | ||||
Current receivables due from related parties | $ 30 | ||||
Minera Exar S.A. [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | [6],[7] | Foreign | |||
Nature | [6],[7] | Joint venture | |||
Country of origin | [6] | Argentina | |||
Currency | [6] | US$ | |||
Current receivables due from related parties | $ 19,500 | 0 | |||
SQM Eastmed Turkey [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreign | ||||
Nature | Associate | ||||
Country of origin | Turkey | ||||
Current receivables due from related parties | 0 | ||||
Pavoni And C Spa [Member] | |||||
Related party disclosures [Line Items] | |||||
Tax ID | Foreing | ||||
Nature | Joint venture | ||||
Country of origin | Italy | ||||
Currency | Euro | ||||
Current receivables due from related parties | $ 12 | $ 0 | |||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL | ||||
[2] | These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. | ||||
[3] | As of November 2018, the ownership interest in Charlee SQM Thailand Co. Ltd. was sold. | ||||
[4] | During the month of November 2018, the stake held in Charlee SQM Thailand Co. Ltd. was sold. | ||||
[5] | As of December 31, 2018, Kowa Company Ltd. is not considered a related party. | ||||
[6] | During the month of December 2018, the stake held in Minera Exar S.A. | ||||
[7] | During the month of December 2018, the stake held in Minera Exar S.A. was sold. |
Related party disclosures (De_4
Related party disclosures (Details 3) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | |||
Related party disclosures [Line Items] | ||||
Tax ID | 96,529,340-k | Oman | ||
Nature | Joint venture | Joint venture | ||
Country of origin | Jordan | [1] | United States | |
Currency | CLP | Turkish Lira | [2] | |
Current payables to related parties | $ 9 | $ 1,365 | ||
Doktor Tarsa Tarim Sanayi AS [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Associate | |||
Country of origin | Turkey | |||
Currency | YTL | |||
Current payables to related parties | 11 | |||
Terra Tarsa Ukraine LLC [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Other related parties | |||
Country of origin | Ukraine | |||
Currency | Ukrainian Grivna | |||
Current payables to related parties | $ 0 | 7 | ||
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Joint venture | |||
Country of origin | China | |||
Currency | Russian ruble | |||
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Joint venture | |||
Country of origin | China | |||
Currency | Emirates dirham | |||
SQM Vitas Fzco. [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Joint venture | |||
Country of origin | United Arab Emirates | |||
Currency | US$ | |||
Current payables to related parties | $ 0 | 38 | ||
Covalent Lithium Pty Ltd [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Associate | |||
Country of origin | Australia | |||
Currency | Australian dollar | |||
Current payables to related parties | $ 9 | 0 | ||
Doktor Tarsa Tarim Sanayi AS [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Associate | |||
Country of origin | Turkey | |||
Currency | YTL | |||
Terra Tarsa Ukraine LLC [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Associate | |||
Country of origin | Turkey | |||
Currency | US$ | |||
SQM Star Qingdao Corp Nutrition Co., Ltd. [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Joint venture | |||
Country of origin | China | |||
Currency | US$ | |||
Current payables to related parties | $ 0 | 725 | ||
Sichuan SQM Migao Chemical Fertilizers Co Ltda. [Member] | ||||
Related party disclosures [Line Items] | ||||
Tax ID | Foreign | |||
Nature | Joint venture | |||
Country of origin | China | |||
Currency | US$ | |||
Current payables to related parties | $ 0 | $ 584 | ||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL | |||
[2] | These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. |
Financial instruments (Details)
Financial instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Financial instruments [Line Items] | |||
Other non-current financial assets | $ 17,131 | $ 42,879 | |
Other current financial assets | 312,721 | 366,979 | |
Hedging assets [Member] | |||
Financial instruments [Line Items] | |||
Other non-current financial assets | 13,425 | 8,910 | |
Other current financial assets | 18,238 | 0 | |
Financial assets at amortised cost, category [member] | |||
Financial instruments [Line Items] | |||
Other non-current financial assets | [1] | 75 | 24,790 |
Other current financial assets | [2] | 291,790 | 360,941 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Financial instruments [Line Items] | |||
Other current financial assets | [3] | 2,693 | 6,038 |
Financial assets available-for-sale, category [member] | |||
Financial instruments [Line Items] | |||
Other non-current financial assets | 0 | 9,179 | |
Financial assets measured at fair value through other comprehensive income, category [member] | |||
Financial instruments [Line Items] | |||
Other non-current financial assets | $ 3,631 | $ 0 | |
[1] | SQM Potassium S.A., contributed ThUS$24,745 to Western Australia Lithium (WAL). As of December 31, 2017, this had not been legally incorporated as a Company and the funds remained in trust pending transfer to WAL. | ||
[2] | Corresponds to term deposits whose maturity date is greater than 90 days and less than 360 days from the investment date constituted in the following financial institutions: | ||
[3] | Correspond to forwards and options that were not classified as hedging instruments (See detail in Note 13.3). |
Financial instruments (Details
Financial instruments (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Other current financial assets | $ 312,721 | $ 366,979 |
Banco Santander [Member] | ||
Financial instruments [Line Items] | ||
Other current financial assets | 23,124 | 163,269 |
Banco de Credito e Inversiones [Member] | ||
Financial instruments [Line Items] | ||
Other current financial assets | 145,834 | 71,748 |
Banco Itau - Corpbanca [Member] | ||
Financial instruments [Line Items] | ||
Other current financial assets | 70,719 | 77,527 |
Banco Security [Member] | ||
Financial instruments [Line Items] | ||
Other current financial assets | 27,215 | 28,592 |
Scotiabank Sud Americano [Member] | ||
Financial instruments [Line Items] | ||
Other current financial assets | 24,898 | 13,764 |
Banco Chile [Member] | ||
Financial instruments [Line Items] | ||
Other current financial assets | 0 | 4,834 |
Banco BBVA Chile [Member] | ||
Financial instruments [Line Items] | ||
Other current financial assets | $ 0 | $ 1,207 |
Financial instruments (Detail_2
Financial instruments (Details 2) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Trade and other current receivables | $ 464,855 | $ 446,875 |
Non-current trade receivables | 2,275 | 1,912 |
Trade and other receivables | 467,130 | 448,787 |
Trade and other receivables [Member] | ||
Financial instruments [Line Items] | ||
Current trade receivables | 429,150 | 412,321 |
Current prepayments | 16,147 | 16,177 |
Other current receivables | 19,558 | 18,377 |
Trade and other current receivables | 464,855 | 446,875 |
Non-current trade receivables | 0 | 0 |
Non-current prepayments | 0 | 0 |
Other non-current receivables | 2,275 | 1,912 |
Trade and other non-current receivables | 2,275 | 1,912 |
Trade receivables | 429,150 | 412,321 |
Prepayments | 16,147 | 16,177 |
Other Receivables | 21,833 | 20,289 |
Trade and other receivables | $ 467,130 | $ 448,787 |
Financial instruments (Detail_3
Financial instruments (Details 3) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Assets before allowances | $ 488,798 | $ 469,598 |
Allowance for doubtful trade receivables | (21,668) | (20,811) |
Assets for trade receivables, net | 467,130 | 448,787 |
Receivables related to credit operations, current [Member] | ||
Financial instruments [Line Items] | ||
Assets before allowances | 445,670 | 427,400 |
Allowance for doubtful trade receivables | (16,520) | (15,079) |
Assets for trade receivables, net | 429,150 | 412,321 |
Trade receivables, current [Member] | ||
Financial instruments [Line Items] | ||
Assets before allowances | 445,670 | 427,400 |
Allowance for doubtful trade receivables | (16,520) | (15,079) |
Assets for trade receivables, net | 429,150 | 412,321 |
Prepayments, current [Member] | ||
Financial instruments [Line Items] | ||
Assets before allowances | 16,990 | 16,877 |
Allowance for doubtful trade receivables | (843) | (700) |
Assets for trade receivables, net | 16,147 | 16,177 |
Other receivables, current [Member] | ||
Financial instruments [Line Items] | ||
Assets before allowances | 23,863 | 23,409 |
Allowance for doubtful trade receivables | (4,305) | (5,032) |
Assets for trade receivables, net | 19,558 | 18,377 |
Current trade and other receivables [Member] | ||
Financial instruments [Line Items] | ||
Assets before allowances | 40,853 | 40,286 |
Allowance for doubtful trade receivables | (5,148) | (5,732) |
Assets for trade receivables, net | 35,705 | 34,554 |
Other receivables, non-current [Member] | ||
Financial instruments [Line Items] | ||
Assets before allowances | 2,275 | 1,912 |
Allowance for doubtful trade receivables | 0 | 0 |
Assets for trade receivables, net | 2,275 | 1,912 |
Non-current receivables [Member] | ||
Financial instruments [Line Items] | ||
Assets before allowances | 2,275 | 1,912 |
Allowance for doubtful trade receivables | 0 | 0 |
Assets for trade receivables, net | $ 2,275 | $ 1,912 |
Financial instruments (Detail_4
Financial instruments (Details 4) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Financial instruments [Line Items] | ||
Total Gross Book Value | $ 464,855,000 | $ 446,875,000 |
Credit exposure | $ 21,668 | $ 20,811 |
Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 6,728,000 | 10,274 |
Portfolio under no renegotiated terms | $ 442,340,000 | $ 422,380,000 |
Number of customers under renegotiated terms | Pure | 1,232,000 | 1,074 |
Portfolio under renegotiated terms, gross | $ 3,330,000 | $ 5,020,000 |
Between 1 and 30 days [Member] | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 0.00% | 0.00% |
Total Gross Book Value | $ 18,495,000 | $ 42,434,000 |
Credit exposure | $ 0 | $ 0 |
Between 1 and 30 days [Member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 1,284,000 | 1,598 |
Portfolio under no renegotiated terms | $ 17,899,000 | $ 41,510,000 |
Number of customers under renegotiated terms | Pure | 390,000 | 376 |
Portfolio under renegotiated terms, gross | $ 596,000 | $ 924,000 |
Between 31 and 60 days [member] | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 87.00% | 0.00% |
Total Gross Book Value | $ 8,181,000 | $ 9,085,000 |
Credit exposure | $ 7,147 | $ 0 |
Between 31 and 60 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 940,000 | 824 |
Portfolio under no renegotiated terms | $ 8,063,000 | $ 8,813,000 |
Number of customers under renegotiated terms | Pure | 154,000 | 130 |
Portfolio under renegotiated terms, gross | $ 118,000 | $ 272,000 |
Between 61 and 90 days [member] | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 100.00% | 27.00% |
Total Gross Book Value | $ 2,222,000 | $ 3,859,000 |
Credit exposure | $ 2,222 | $ 1,061 |
Between 61 and 90 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 661,000 | 756 |
Portfolio under no renegotiated terms | $ 2,147,000 | $ 3,740,000 |
Number of customers under renegotiated terms | Pure | 41,000 | 50 |
Portfolio under renegotiated terms, gross | $ 75,000 | $ 119,000 |
More than 91 days [member] | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 100.00% | 74.00% |
Total Gross Book Value | $ 12,299,000 | $ 26,514,000 |
Credit exposure | $ 12,299 | $ 19,750 |
Between 121 and 150 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 85,000 | 182 |
Portfolio under no renegotiated terms | $ 385,000 | $ 2,914,000 |
Number of customers under renegotiated terms | Pure | 16,000 | 22 |
Portfolio under renegotiated terms, gross | $ 29,000 | $ 56,000 |
Between 151 and 180 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 49,000 | 443 |
Portfolio under no renegotiated terms | $ 177,000 | $ 5,602,000 |
Number of customers under renegotiated terms | Pure | 21,000 | 45 |
Portfolio under renegotiated terms, gross | $ 176,000 | $ 75,000 |
Between 181 and 210 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 14,000 | 365 |
Portfolio under no renegotiated terms | $ 1,289,000 | $ 4,470,000 |
Number of customers under renegotiated terms | Pure | 41,000 | 27 |
Portfolio under renegotiated terms, gross | $ 231,000 | $ 45,000 |
Between 211 and 250 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 12,000 | 682 |
Portfolio under no renegotiated terms | $ 107,000 | $ 112,000 |
Number of customers under renegotiated terms | Pure | 101,000 | 29 |
Portfolio under renegotiated terms, gross | $ 242,000 | $ 138,000 |
More than 250 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 1,756,000 | 1,837 |
Portfolio under no renegotiated terms | $ 7,258,000 | $ 3,050,000 |
Number of customers under renegotiated terms | Pure | 305,000 | 350 |
Portfolio under renegotiated terms, gross | $ 1,148,000 | $ 2,631,000 |
Current [member] | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 0.00% | 0.00% |
Total Gross Book Value | $ 404,473,000 | $ 345,508,000 |
Credit exposure | $ 0 | $ 0 |
Current [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 1,429,000 | 3,039 |
Portfolio under no renegotiated terms | $ 403,805,000 | $ 344,802,000 |
Number of customers under renegotiated terms | Pure | 136,000 | 23 |
Portfolio under renegotiated terms, gross | $ 668,000 | $ 706,000 |
Between 91 and 120 days [member] | Uncollateralized Portfolio [Member] | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | Pure | 498,000 | 548 |
Portfolio under no renegotiated terms | $ 1,210,000 | $ 7,367,000 |
Number of customers under renegotiated terms | Pure | 27,000 | 22 |
Portfolio under renegotiated terms, gross | $ 47,000 | $ 54,000 |
Financial instruments (Detail_5
Financial instruments (Details 5) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Financial instruments [Abstract] | |||
Provision Impairment Accounts receivable at the beginning of the Period | $ 34,936 | $ 31,616 | |
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9 | (2,967) | 8,038 | $ 7,198 |
Increase / (decrease) impairment of accounts receivable for the period to profit and loss | (2,967) | 8,037 | |
Use of Provision Applied to Accounts Receivable | (1,636) | (4,717) | |
Impairment of Accounts Receivable Provision at the Star of the Period (1)+(2) | 32,634 | 34,936 | $ 31,616 |
Trade and Other Receivables Provision | 21,668 | 20,811 | |
Current Related Party Receivables Provision | 10,966 | 14,125 | |
Recovery of Insurance | 827 | 126 | |
Impairment of Accounts Receivable Provision | 32,634 | 34,936 | |
Renegotiated Provision | 2,056 | 2,580 | |
Non-renegotiated Provision | $ 30,578 | $ 32,356 |
Financial instruments (Detail_6
Financial instruments (Details 6) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Financial instruments [Line Items] | |||
Effect on profit or loss for the period Derivative instruments | $ 0 | $ 0 | $ (229) |
Debt [Member] | Cross currency swap contracts [Member] | |||
Financial instruments [Line Items] | |||
Derivative instruments | (17,318) | 17,128 | |
Effect on profit or loss for the period Derivative instruments | 16,636 | 33,696 | |
Hedging reserve in equity before tax | 1,541 | 41 | |
Deferred tax hedging reserve in equity | 0 | 0 | |
Hedging reserve in equity | 1,541 | 41 | |
Debt [Member] | Forward contract [member] | |||
Financial instruments [Line Items] | |||
Derivative instruments | 13,516 | 8,910 | |
Effect on profit or loss for the period Derivative instruments | (3,004) | 5,641 | |
Hedging reserve in equity before tax | 8,256 | 2,170 | |
Deferred tax hedging reserve in equity | 0 | 0 | |
Hedging reserve in equity | 8,256 | 2,170 | |
Investments [Member] | Cross currency swap contracts [Member] | |||
Financial instruments [Line Items] | |||
Derivative instruments | 18,146 | (20,159) | |
Effect on profit or loss for the period Derivative instruments | 19,911 | (20,256) | |
Hedging reserve in equity before tax | (1,765) | 97 | |
Deferred tax hedging reserve in equity | 0 | 0 | |
Hedging reserve in equity | $ (1,765) | $ 97 |
Financial instruments (Detail_7
Financial instruments (Details 7) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | [1] | |
Financial instruments [Line Items] | |||
Currency | CLP | Turkish Lira | |
Series H bonds [Member] | |||
Financial instruments [Line Items] | |||
Contract amount | $ 155,214 | ||
Currency | UF | ||
Derivative contracts, Maturity | Jan. 5, 2023 | ||
Series O bonds [Member] | |||
Financial instruments [Line Items] | |||
Contract amount | $ 58,748 | ||
Currency | UF | ||
Derivative contracts, Maturity | Feb. 1, 2022 | ||
Series P Bonds [Member] | |||
Financial instruments [Line Items] | |||
Contract amount | $ 134,228 | ||
Currency | UF | ||
Derivative contracts, Maturity | Jan. 15, 2028 | ||
[1] | These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. |
Financial instruments (Detail_8
Financial instruments (Details 8) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Current | $ 23,585 | $ 220,328 |
Non-current | 1,330,382 | 1,031,507 |
Total | 1,353,967 | 1,251,835 |
Bank borrowings [Member] | ||
Financial instruments [Line Items] | ||
Total | 69,170 | 163,568 |
Bank borrowings [Member] | Financial liabilities at amortised cost, category [member] | ||
Financial instruments [Line Items] | ||
Current | 300 | 163,568 |
Non-current | 68,870 | 0 |
Obligations with the public (bonds) [Member] | ||
Financial instruments [Line Items] | ||
Current | 15,145 | 13,494 |
Non-current | 1,249,479 | 1,031,507 |
Total | 1,264,624 | 1,045,001 |
Derivative liabilities [Member] | ||
Financial instruments [Line Items] | ||
Current | 5,285 | 37,287 |
Non-current | 12,033 | 0 |
Total | 17,318 | 37,287 |
Hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Current | 2,855 | 5,979 |
Non-current | 0 | 0 |
Total | $ 2,855 | $ 5,979 |
Financial instruments (Detail_9
Financial instruments (Details 9) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Long-term bank borrowings | $ 68,870 | $ 0 |
Short-term bank borrowings | 0 | 163,568 |
Current portion of long-term loans | 300 | 0 |
Short-term borrowings and current portion of long-term borrowings | 69,170 | 163,568 |
Total bank borrowings | $ 69,170 | $ 163,568 |
Financial instruments (Detai_10
Financial instruments (Details 10) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Financial instruments [Line Items] | |||
Tax ID No. | 96,529,340-k | Oman | |
Country | Jordan | [1] | United States |
Notional amounts | $ 16,796 | $ 1,039,755 | |
Current amounts | 0 | 163,568 | |
Borrowing costs | (1,651) | (8,248) | |
Bank borrowings [Member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 163,000 | |
Current amounts | 300 | 163,568 | |
Borrowing costs | 0 | 0 | |
Total | 300 | 163,568 | |
Bank borrowings [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 63,000 | |
Current amounts | 52 | 63,059 | |
Bank borrowings [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 100,000 | |
Current amounts | $ 248 | $ 100,509 | |
Bank borrowing One [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM.S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Scotiabank Sud Americano | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.63% | ||
Nominal rate | 1.63% | ||
Notional amounts | $ 20,000 | ||
Current amounts | 20,137 | ||
Borrowing costs | 0 | ||
Total | 20,137 | ||
Bank borrowing One [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Bank borrowing One [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 20,000 | ||
Current amounts | $ 20,137 | ||
Bank borrowing Two [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM.S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Scotiabank Sud Americano | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.73% | ||
Nominal rate | 1.73% | ||
Notional amounts | $ 17,000 | ||
Current amounts | 17,140 | ||
Borrowing costs | 0 | ||
Total | 17,140 | ||
Bank borrowing Two [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Bank borrowing Two [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 17,000 | ||
Current amounts | $ 17,140 | ||
Bank borrowing Three [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM.S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Scotiabank Sud Americano | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.73% | ||
Nominal rate | 1.73% | ||
Notional amounts | $ 3,000 | ||
Current amounts | 3,025 | ||
Borrowing costs | 0 | ||
Total | 3,025 | ||
Bank borrowing Three [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Bank borrowing Three [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 3,000 | ||
Current amounts | $ 3,025 | ||
Bank borrowing Four [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Banco Estado | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.64% | ||
Nominal rate | 1.64% | ||
Notional amounts | $ 15,000 | ||
Current amounts | 15,011 | ||
Borrowing costs | 0 | ||
Total | 15,011 | ||
Bank borrowing Four [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 15,000 | ||
Current amounts | 15,011 | ||
Bank borrowing Four [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Bank borrowing Five [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Banco Estado | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.67% | ||
Nominal rate | 1.67% | ||
Notional amounts | $ 15,000 | ||
Current amounts | 15,011 | ||
Borrowing costs | 0 | ||
Total | 15,011 | ||
Bank borrowing Five [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 15,000 | ||
Current amounts | 15,011 | ||
Bank borrowing Five [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Bank borrowing Six [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Banco Estado | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.67% | ||
Nominal rate | 1.67% | ||
Notional amounts | $ 15,000 | ||
Current amounts | 15,011 | ||
Borrowing costs | 0 | ||
Total | 15,011 | ||
Bank borrowing Six [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 15,000 | ||
Current amounts | 15,011 | ||
Bank borrowing Six [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Bank borrowing Seven [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 79,626,800-K | ||
Company | SQM Salar S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Banco Estado | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.91% | ||
Nominal rate | 1.91% | ||
Notional amounts | $ 20,000 | ||
Current amounts | 20,071 | ||
Borrowing costs | 0 | ||
Total | 20,071 | ||
Bank borrowing Seven [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Bank borrowing Seven [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 20,000 | ||
Current amounts | $ 20,071 | ||
Bank borrowing Eight [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 79,626,800-K | ||
Company | SQM Salar S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,018,000-1 | ||
Financial institution | Scotiabank Sud Americano | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.94% | ||
Nominal rate | 1.94% | ||
Notional amounts | $ 20,000 | ||
Current amounts | 20,072 | ||
Borrowing costs | 0 | ||
Total | 20,072 | ||
Bank borrowing Eight [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Bank borrowing Eight [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 20,000 | ||
Current amounts | $ 20,072 | ||
Bank borrowing Nine [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 79,947,100-0 | ||
Company | SQM Industrial S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,030,000-7 | ||
Financial institution | Banco Estado | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.74% | ||
Nominal rate | 1.74% | ||
Notional amounts | $ 20,000 | ||
Current amounts | 20,064 | ||
Borrowing costs | 0 | ||
Total | 20,064 | ||
Bank borrowing Nine [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Bank borrowing Nine [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 20,000 | ||
Current amounts | $ 20,064 | ||
Bank borrowing Ten [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 79,947,100-0 | ||
Company | SQM Industrial S.A. | ||
Country | CHILE | ||
Tax ID No. | 97,030,000-7 | ||
Financial institution | Banco Estado | ||
Country | CHILE | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 1.65% | ||
Nominal rate | 1.65% | ||
Notional amounts | $ 18,000 | ||
Current amounts | 18,026 | ||
Borrowing costs | 0 | ||
Total | 18,026 | ||
Bank borrowing Ten [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 18,000 | ||
Current amounts | 18,026 | ||
Bank borrowing Ten [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Foreign Bank Borrowings One [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | Foreign | ||
Company | Nitratos Naturais do Chile Lim | ||
Country | Brazil | ||
Tax ID No. | 0-E | ||
Financial institution | Banco ITAU Brasil | ||
Country | Brasil | ||
Currency or adjustment index | BRL | ||
Repayment | Upon maturity | ||
Borrowings Expiration Date | Jan. 31, 2019 | ||
Effective rate | 5.17% | ||
Nominal rate | 5.17% | ||
Notional amounts | $ 0 | ||
Current amounts | 11 | ||
Borrowing costs | 0 | ||
Total | 11 | ||
Foreign Bank Borrowings One [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 11 | ||
Foreign Bank Borrowings One [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Foreign Bank Borrowings Two [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | Foreign | ||
Company | SQM Brasil Limitada | ||
Country | Brazil | ||
Tax ID No. | 0-E | ||
Financial institution | Banco ITAU Brasil | ||
Country | Brasil | ||
Currency or adjustment index | BRL | ||
Repayment | Upon maturity | ||
Borrowings Expiration Date | Jan. 31, 2019 | ||
Effective rate | 5.50% | ||
Nominal rate | 5.50% | ||
Notional amounts | $ 0 | ||
Current amounts | 41 | ||
Borrowing costs | 0 | ||
Total | 41 | ||
Foreign Bank Borrowings Two [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 41 | ||
Foreign Bank Borrowings Two [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Bank Borrowings Chilean Tax [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM.S.A. | ||
Country | Chile | ||
Tax ID No. | 0-E | ||
Financial institution | Scotiabank Cayman | ||
Country | USA | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Borrowings Expiration Date | May 29, 2023 | ||
Effective rate | 3.60% | ||
Nominal rate | 3.98% | ||
Notional amounts | $ 0 | ||
Current amounts | 248 | ||
Borrowing costs | 0 | ||
Total | 248 | ||
Bank Borrowings Chilean Tax [Member] | Not later than three months [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Bank Borrowings Chilean Tax [Member] | Later than three months and not later than one year [member] | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 248 | ||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL |
Financial instruments (Detai_11
Financial instruments (Details 11) - USD ($) $ in Thousands | Apr. 05, 2018 | Oct. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | |
Financial instruments [Line Items] | |||||
Tax ID No. | 96,529,340-k | Oman | |||
Country | Jordan | [1] | United States | ||
Maturity date | 2038 | ||||
Notional amount | $ 16,796 | $ 1,039,755 | |||
Current maturities | 16,796 | ||||
Borrowing costs | (1,651) | (8,248) | |||
Total | 15,145 | $ 13,494 | |||
NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 5,674 | ||||
Current maturities | 5,674 | ||||
LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 11,122 | ||||
Current maturities | $ 11,122 | ||||
Single series bond One [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | 93.007.000-9 | |||
Company | SQM S.A. | SQM S.A. | |||
Country | CHILE | CHILE | |||
Number of registration or ID of the instrument | - | - | |||
Maturity date | 4/21/2019 | 04/21/2020 | |||
Currency or adjustment index | US$ | US$ | |||
Payment of interest | Semiannual | Semiannual | |||
Nominal rate | 550.00% | 5.50% | |||
Effective rate | 0.95% | 5.50% | |||
Repayment | Upon maturity | Upon maturity | |||
Notional amount | $ 2,674 | $ 250,000 | |||
Current maturities | 2,674 | ||||
Borrowing costs | (386) | $ (517) | |||
Total | 2,288 | ||||
Single series bond One [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 2,674 | ||||
Current maturities | 2,674 | ||||
Single series bond One [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 0 | ||||
Single series bond Two [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | 93.007.000-9 | |||
Company | SQM S.A. | SQM S.A. | |||
Country | CHILE | CHILE | |||
Number of registration or ID of the instrument | - | - | |||
Maturity date | 1/28/2019 | 01/28/2025 | |||
Currency or adjustment index | US$ | US$ | |||
Payment of interest | Semiannual | Semiannual | |||
Nominal rate | 438.00% | 4.38% | |||
Effective rate | 275.00% | 4.38% | |||
Repayment | Upon maturity | Upon maturity | |||
Notional amount | $ 4,648 | $ 250,000 | |||
Current maturities | 4,648 | ||||
Borrowing costs | (433) | $ (2,636) | |||
Total | 4,215 | ||||
Single series bond Two [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 0 | ||||
Single series bond Two [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 4,648 | ||||
Current maturities | $ 4,648 | ||||
Single series bond Three [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | 93.007.000-9 | |||
Company | SQM S.A. | SQM S.A. | |||
Country | CHILE | CHILE | |||
Number of registration or ID of the instrument | - | - | |||
Maturity date | 4/03/2019 | 04/03/2023 | |||
Currency or adjustment index | US$ | US$ | |||
Payment of interest | Semiannual | Semiannual | |||
Nominal rate | 363.00% | 3.63% | |||
Effective rate | 177.00% | 3.63% | |||
Repayment | Upon maturity | Upon maturity | |||
Notional amount | $ 2,658 | $ 300,000 | |||
Current maturities | 2,658 | ||||
Borrowing costs | (614) | $ (2,618) | |||
Total | 2,044 | ||||
Single series bond Three [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 2,658 | ||||
Current maturities | 2,658 | ||||
Single series bond Three [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 0 | ||||
Series H bonds [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | 93.007.000-9 | |||
Company | SQM S.A. | SQM S.A. | |||
Country | CHILE | CHILE | |||
Number of registration or ID of the instrument | 564 | 564 | |||
Maturity date | 1/05/2019 | 01/05/2030 | |||
Currency or adjustment index | UF | UF | |||
Payment of interest | Semiannual | Semiannual | |||
Nominal rate | 490.00% | 6.01% | |||
Effective rate | 190.00% | 4.90% | |||
Repayment | Semiannual | Semiannual | |||
Notional amount | $ 3,756 | $ 174,367 | |||
Current maturities | 3,756 | ||||
Borrowing costs | (139) | $ (1,532) | |||
Total | 3,617 | ||||
Series H bonds [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 0 | ||||
Series H bonds [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 3,756 | ||||
Current maturities | $ 3,756 | ||||
Series O bonds [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | 93.007.000-9 | |||
Company | SQM S.A. | SQM S.A. | |||
Country | CHILE | CHILE | |||
Number of registration or ID of the instrument | 699 | 699 | |||
Maturity date | 2/01/2019 | 01/02/2033 | |||
Currency or adjustment index | UF | UF | |||
Payment of interest | Semiannual | Semiannual | |||
Nominal rate | 380.00% | 3.80% | |||
Effective rate | 260.00% | 3.80% | |||
Repayment | Upon maturity | Upon maturity | |||
Notional amount | $ 934 | $ 65,388 | |||
Current maturities | 934 | ||||
Borrowing costs | (67) | (945) | |||
Total | 867 | ||||
Series O bonds [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 0 | ||||
Series O bonds [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 934 | ||||
Current maturities | $ 934 | ||||
Series P bonds [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | ||||
Company | SQM S.A. | ||||
Country | CHILE | ||||
Number of registration or ID of the instrument | 563 | ||||
Maturity date | 2028 | 1/15/2019 | |||
Currency or adjustment index | UF | ||||
Payment of interest | Semiannual | ||||
Nominal rate | 325.00% | ||||
Effective rate | 3.25% | 307.00% | |||
Repayment | Upon maturity | ||||
Notional amount | $ 1,784 | ||||
Current maturities | 1,784 | ||||
Borrowing costs | (12) | ||||
Total | 1,772 | ||||
Series P bonds [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 0 | ||||
Series P bonds [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 1,784 | ||||
Current maturities | $ 1,784 | ||||
Series Q bonds [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93.007.000-9 | ||||
Company | SQM S.A. | ||||
Country | Chile | ||||
Number of registration or ID of the instrument | 700 | ||||
Maturity date | 6/01/2019 | ||||
Currency or adjustment index | UF | ||||
Payment of interest | Semiannual | ||||
Nominal rate | 345.00% | ||||
Effective rate | 3.45% | 334.00% | |||
Repayment | Upon maturity | ||||
Notional amount | $ 342 | ||||
Current maturities | 342 | ||||
Borrowing costs | 0 | ||||
Total | 342 | ||||
Series Q bonds [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 342 | ||||
Current maturities | 342 | ||||
Series Q bonds [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 0 | ||||
Current bonds issued [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 15,133 | ||||
Borrowing costs | (1,639) | ||||
Total | 13,494 | ||||
Current bonds issued [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 9,801 | ||||
Current bonds issued [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 5,332 | ||||
Current bonds issued [Member] | Single series bond One [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | ||||
Company | SQM S.A. | ||||
Country | CHILE | ||||
Number of registration or ID of the instrument | - | ||||
Maturity date | 04/21/2018 | ||||
Currency or adjustment index | US$ | ||||
Payment of interest | Semiannual | ||||
Nominal rate | 5.50% | ||||
Effective rate | 1.47% | ||||
Repayment | Upon maturity | ||||
Notional amount | $ 0 | ||||
Current maturities | 2,674 | ||||
Borrowing costs | (385) | ||||
Total | 2,289 | ||||
Current bonds issued [Member] | Single series bond One [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 0 | ||||
Current bonds issued [Member] | Single series bond One [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 2,674 | ||||
Current bonds issued [Member] | Single series bond Two [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | ||||
Company | SQM S.A. | ||||
Country | CHILE | ||||
Number of registration or ID of the instrument | - | ||||
Maturity date | 01/28/2018 | ||||
Currency or adjustment index | US$ | ||||
Payment of interest | Semiannual | ||||
Nominal rate | 4.38% | ||||
Effective rate | 3.17% | ||||
Repayment | Upon maturity | ||||
Notional amount | $ 0 | ||||
Current maturities | 4,648 | ||||
Borrowing costs | (433) | ||||
Total | 4,215 | ||||
Current bonds issued [Member] | Single series bond Two [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 4,648 | ||||
Current bonds issued [Member] | Single series bond Two [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 0 | ||||
Current bonds issued [Member] | Single series bond Three [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | ||||
Company | SQM S.A. | ||||
Country | CHILE | ||||
Number of registration or ID of the instrument | - | ||||
Maturity date | 04/03/2018 | ||||
Currency or adjustment index | US$ | ||||
Payment of interest | Semiannual | ||||
Nominal rate | 3.63% | ||||
Effective rate | 2.12% | ||||
Repayment | Upon maturity | ||||
Notional amount | $ 0 | ||||
Current maturities | 2,658 | ||||
Borrowing costs | (615) | ||||
Total | 2,043 | ||||
Current bonds issued [Member] | Single series bond Three [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 0 | ||||
Current bonds issued [Member] | Single series bond Three [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 2,658 | ||||
Current bonds issued [Member] | Series H bonds [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | ||||
Company | SQM S.A. | ||||
Country | CHILE | ||||
Number of registration or ID of the instrument | 564 | ||||
Maturity date | 01/05/2018 | ||||
Currency or adjustment index | UF | ||||
Payment of interest | Semiannual | ||||
Nominal rate | 4.90% | ||||
Effective rate | 2.18% | ||||
Repayment | Semiannual | ||||
Notional amount | $ 0 | ||||
Current maturities | 4,127 | ||||
Borrowing costs | (139) | ||||
Total | 3,988 | ||||
Current bonds issued [Member] | Series H bonds [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 4,127 | ||||
Current bonds issued [Member] | Series H bonds [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 0 | ||||
Current bonds issued [Member] | Series O bonds [Member] | |||||
Financial instruments [Line Items] | |||||
Tax ID No. | 93,007,000-9 | ||||
Company | SQM S.A. | ||||
Country | CHILE | ||||
Number of registration or ID of the instrument | 699 | ||||
Maturity date | 02/01/2018 | ||||
Currency or adjustment index | UF | ||||
Payment of interest | Semiannual | ||||
Nominal rate | 3.80% | ||||
Effective rate | 2.80% | ||||
Repayment | Upon maturity | ||||
Notional amount | $ 0 | ||||
Current maturities | 1,026 | ||||
Borrowing costs | (67) | ||||
Total | 959 | ||||
Current bonds issued [Member] | Series O bonds [Member] | NotLaterThanThreeMonths [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | 1,026 | ||||
Current bonds issued [Member] | Series O bonds [Member] | LaterThanThreeMonthsAndNotLaterThanOneYear [Member] | |||||
Financial instruments [Line Items] | |||||
Notional amount | 0 | ||||
Current maturities | $ 0 | ||||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL |
Financial instruments (Detai_12
Financial instruments (Details 12) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Financial instruments [Line Items] | |||
Tax ID No. | 96,529,340-k | Oman | |
Country | Jordan | [1] | United States |
Notional amount | $ 16,796 | $ 1,039,755 | |
Non-current maturities | 300,000 | 1,039,755 | |
Borrowing costs | (1,651) | (8,248) | |
Total | $ 68,870 | 1,031,507 | |
Bank Borrowings Chilean Tax [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM.S.A. | ||
Country | Chile | ||
Tax ID No. | 0-E | ||
Financial institution | Scotiabank Cayman | ||
Country | USA | ||
Currency or adjustment index | US$ | ||
Repayment | Upon maturity | ||
Effective rate | 3.60% | ||
Nominal rate | 3.98% | ||
Notional amount | $ 0 | ||
Borrowing costs | 0 | ||
Between 1 year to 2 [member] | |||
Financial instruments [Line Items] | |||
Notional amount | 0 | 250,000 | |
Non-current maturities | 0 | 250,000 | |
Between 2 years to 3 [member] | |||
Financial instruments [Line Items] | |||
Notional amount | 0 | 0 | |
Non-current maturities | 0 | $ 0 | |
Between 3 Years to 4 [member] | |||
Financial instruments [Line Items] | |||
Notional amount | 70,000 | ||
Non-current maturities | $ 70,000 | ||
Non current bonds issued [Member] | Bank Borrowings Chilean Tax [Member] | |||
Financial instruments [Line Items] | |||
Tax ID No. | 93,007,000-9 | ||
Company | SQM.S.A. | ||
Country | Chile | ||
Tax ID No. | 0-E | ||
Financial institution | Scotiabank Cayman | ||
Country | USA | ||
Currency or adjustment index | USD | ||
Repayment | Maturity | ||
Effective rate | 3.98% | ||
Nominal rate | 3.98% | ||
Notional amount | $ 70,000 | ||
Non-current maturities | 70,000 | ||
Borrowing costs | (1,130) | ||
Total | 68,870 | ||
Non current bonds issued [Member] | Between 1 year to 2 [member] | Bank Borrowings Chilean Tax [Member] | |||
Financial instruments [Line Items] | |||
Non-current maturities | 0 | ||
Non current bonds issued [Member] | Between 2 years to 3 [member] | Bank Borrowings Chilean Tax [Member] | |||
Financial instruments [Line Items] | |||
Notional amount | 0 | ||
Non-current maturities | 0 | ||
Non current bonds issued [Member] | Between 3 Years to 4 [member] | Bank Borrowings Chilean Tax [Member] | |||
Financial instruments [Line Items] | |||
Notional amount | 70,000 | ||
Non-current maturities | $ 70,000 | ||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL |
Financial instruments (Detai_13
Financial instruments (Details 13) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Oct. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Financial instruments [Line Items] | ||||
Tax ID | 96,529,340-k | Oman | ||
Country | Jordan | [1] | United States | |
Maturity date | 2038 | |||
Notional Amount | $ 16,796 | $ 1,039,755 | ||
Non-current maturities | 300,000 | 1,039,755 | ||
Borrowing costs | (1,651) | (8,248) | ||
Total | 68,870 | 1,031,507 | ||
Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | 250,000 | ||
Non-current maturities | 0 | 250,000 | ||
Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | 0 | ||
Non-current maturities | $ 0 | 0 | ||
Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 789,755 | |||
Non-current maturities | $ 789,755 | |||
Single series bond One [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93,007,000-9 | 93.007.000-9 | ||
Company | SQM S.A. | SQM S.A. | ||
Country | CHILE | CHILE | ||
Number of registration or ID of the instrument | - | - | ||
Maturity date | 4/21/2019 | 04/21/2020 | ||
Currency or adjustment index | US$ | US$ | ||
Payment of interest | Semiannual | Semiannual | ||
Repayment | Upon maturity | Upon maturity | ||
Effective rate | 0.95% | 5.50% | ||
Nominal rate | 550.00% | 5.50% | ||
Notional Amount | $ 2,674 | $ 250,000 | ||
Non-current maturities | 250,000 | |||
Borrowing costs | $ (386) | (517) | ||
Total | 249,483 | |||
Single series bond One [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 250,000 | |||
Non-current maturities | 250,000 | |||
Single series bond One [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond One [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond One [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | $ 0 | |||
Single series bond Two [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93,007,000-9 | 93.007.000-9 | ||
Company | SQM S.A. | SQM S.A. | ||
Country | CHILE | CHILE | ||
Number of registration or ID of the instrument | - | - | ||
Maturity date | 1/28/2019 | 01/28/2025 | ||
Currency or adjustment index | US$ | US$ | ||
Payment of interest | Semiannual | Semiannual | ||
Repayment | Upon maturity | Upon maturity | ||
Effective rate | 275.00% | 4.38% | ||
Nominal rate | 438.00% | 4.38% | ||
Notional Amount | $ 4,648 | $ 250,000 | ||
Non-current maturities | 250,000 | |||
Borrowing costs | $ (433) | (2,636) | ||
Total | 247,364 | |||
Single series bond Two [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond Two [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond Two [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond Two [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 250,000 | |||
Non-current maturities | $ 250,000 | |||
Single series bond Three [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93,007,000-9 | 93.007.000-9 | ||
Company | SQM S.A. | SQM S.A. | ||
Country | CHILE | CHILE | ||
Number of registration or ID of the instrument | - | - | ||
Maturity date | 4/03/2019 | 04/03/2023 | ||
Currency or adjustment index | US$ | US$ | ||
Payment of interest | Semiannual | Semiannual | ||
Repayment | Upon maturity | Upon maturity | ||
Effective rate | 177.00% | 3.63% | ||
Nominal rate | 363.00% | 3.63% | ||
Notional Amount | $ 2,658 | $ 300,000 | ||
Non-current maturities | 300,000 | |||
Borrowing costs | $ (614) | (2,618) | ||
Total | 297,382 | |||
Single series bond Three [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond Three [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond Three [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Single series bond Three [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 300,000 | |||
Non-current maturities | $ 300,000 | |||
Series H bonds [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93,007,000-9 | 93.007.000-9 | ||
Company | SQM S.A. | SQM S.A. | ||
Country | CHILE | CHILE | ||
Number of registration or ID of the instrument | 564 | 564 | ||
Maturity date | 1/05/2019 | 01/05/2030 | ||
Currency or adjustment index | UF | UF | ||
Payment of interest | Semiannual | Semiannual | ||
Repayment | Semiannual | Semiannual | ||
Effective rate | 190.00% | 4.90% | ||
Nominal rate | 490.00% | 6.01% | ||
Notional Amount | $ 3,756 | $ 174,367 | ||
Non-current maturities | 174,367 | |||
Borrowing costs | $ (139) | (1,532) | ||
Total | 172,835 | |||
Series H bonds [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Series H bonds [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Series H bonds [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Series H bonds [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 174,367 | |||
Non-current maturities | $ 174,367 | |||
Series O bonds [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93,007,000-9 | 93.007.000-9 | ||
Company | SQM S.A. | SQM S.A. | ||
Country | CHILE | CHILE | ||
Number of registration or ID of the instrument | 699 | 699 | ||
Maturity date | 2/01/2019 | 01/02/2033 | ||
Currency or adjustment index | UF | UF | ||
Payment of interest | Semiannual | Semiannual | ||
Repayment | Upon maturity | Upon maturity | ||
Effective rate | 260.00% | 3.80% | ||
Nominal rate | 380.00% | 3.80% | ||
Notional Amount | $ 934 | $ 65,388 | ||
Non-current maturities | 65,388 | |||
Borrowing costs | $ (67) | (945) | ||
Total | 64,443 | |||
Series O bonds [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Series O bonds [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Series O bonds [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Series O bonds [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 65,388 | |||
Non-current maturities | $ 65,388 | |||
Series Q bonds [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | Chile | |||
Number of registration or ID of the instrument | 700 | |||
Maturity date | 6/01/2019 | |||
Currency or adjustment index | UF | |||
Payment of interest | Semiannual | |||
Repayment | Upon maturity | |||
Effective rate | 3.45% | 334.00% | ||
Nominal rate | 345.00% | |||
Notional Amount | $ 342 | |||
Borrowing costs | 0 | |||
Non current bonds issued [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 1,256,274 | |||
Non-current maturities | 1,256,274 | |||
Borrowing costs | (6,795) | |||
Total | 1,249,479 | |||
Non current bonds issued [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 250,000 | |||
Non-current maturities | 250,000 | |||
Non current bonds issued [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 706,274 | |||
Non-current maturities | $ 706,274 | |||
Non current bonds issued [Member] | Single series bond One [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | CHILE | |||
Number of registration or ID of the instrument | - | |||
Maturity date | 04/21/2020 | |||
Currency or adjustment index | US$ | |||
Payment of interest | Semiannual | |||
Repayment | Upon maturity | |||
Effective rate | 5.50% | |||
Nominal rate | 5.50% | |||
Notional Amount | $ 250,000 | |||
Non-current maturities | 250,000 | |||
Borrowing costs | (131) | |||
Total | 249,869 | |||
Non current bonds issued [Member] | Single series bond One [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 250,000 | |||
Non-current maturities | 250,000 | |||
Non current bonds issued [Member] | Single series bond One [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond One [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond One [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | $ 0 | |||
Non current bonds issued [Member] | Single series bond Two [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | CHILE | |||
Number of registration or ID of the instrument | - | |||
Maturity date | 01/28/2025 | |||
Currency or adjustment index | US$ | |||
Payment of interest | Semiannual | |||
Repayment | Upon maturity | |||
Effective rate | 4.38% | |||
Nominal rate | 4.38% | |||
Notional Amount | $ 250,000 | |||
Non-current maturities | 250,000 | |||
Borrowing costs | (2,202) | |||
Total | 247,798 | |||
Non current bonds issued [Member] | Single series bond Two [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond Two [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond Two [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond Two [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 250,000 | |||
Non-current maturities | $ 250,000 | |||
Non current bonds issued [Member] | Single series bond Three [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | CHILE | |||
Number of registration or ID of the instrument | - | |||
Maturity date | 04/03/2023 | |||
Currency or adjustment index | US$ | |||
Payment of interest | Semiannual | |||
Repayment | Upon maturity | |||
Effective rate | 3.63% | |||
Nominal rate | 3.63% | |||
Notional Amount | $ 300,000 | |||
Non-current maturities | 300,000 | |||
Borrowing costs | (2,006) | |||
Total | 297,994 | |||
Non current bonds issued [Member] | Single series bond Three [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond Three [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond Three [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Single series bond Three [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | $ 0 | |||
Non current bonds issued [Member] | Series H bonds [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | CHILE | |||
Number of registration or ID of the instrument | 564 | |||
Maturity date | 01/05/2030 | |||
Currency or adjustment index | UF | |||
Payment of interest | Semiannual | |||
Repayment | Semiannual | |||
Effective rate | 4.90% | |||
Nominal rate | 4.90% | |||
Notional Amount | $ 158,704 | |||
Non-current maturities | 158,704 | |||
Borrowing costs | (1,392) | |||
Total | 157,312 | |||
Non current bonds issued [Member] | Series H bonds [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series H bonds [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series H bonds [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series H bonds [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 158,704 | |||
Non-current maturities | $ 158,704 | |||
Non current bonds issued [Member] | Series O bonds [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | CHILE | |||
Number of registration or ID of the instrument | 699 | |||
Maturity date | 02/01/2033 | |||
Currency or adjustment index | UF | |||
Payment of interest | Semiannual | |||
Repayment | Upon maturity | |||
Effective rate | 3.80% | |||
Nominal rate | 5.50% | |||
Notional Amount | $ 59,514 | |||
Non-current maturities | 59,514 | |||
Borrowing costs | (878) | |||
Total | 58,636 | |||
Non current bonds issued [Member] | Series O bonds [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series O bonds [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series O bonds [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series O bonds [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 59,514 | |||
Non-current maturities | $ 59,514 | |||
Non current bonds issued [Member] | Series P Bonds [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | CHILE | |||
Number of registration or ID of the instrument | 563 | |||
Maturity date | 01/15/2028 | |||
Currency or adjustment index | UF | |||
Payment of interest | Semiannual | |||
Repayment | Upon maturity | |||
Effective rate | 3.25% | |||
Nominal rate | 3.25% | |||
Notional Amount | $ 119,028 | |||
Non-current maturities | 119,028 | |||
Borrowing costs | (101) | |||
Total | 118,927 | |||
Non current bonds issued [Member] | Series P Bonds [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series P Bonds [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series P Bonds [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series P Bonds [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 119,028 | |||
Non-current maturities | $ 119,028 | |||
Non current bonds issued [Member] | Series Q bonds [Member] | ||||
Financial instruments [Line Items] | ||||
Tax ID | 93.007.000-9 | |||
Company | SQM S.A. | |||
Country | CHILE | |||
Number of registration or ID of the instrument | 700 | |||
Maturity date | 06/01/2038 | |||
Currency or adjustment index | UF | |||
Payment of interest | Semiannual | |||
Repayment | Upon maturity | |||
Effective rate | 3.45% | |||
Nominal rate | 3.45% | |||
Notional Amount | $ 119,028 | |||
Non-current maturities | 119,028 | |||
Borrowing costs | (85) | |||
Total | 118,943 | |||
Non current bonds issued [Member] | Series Q bonds [Member] | Over 1 year to 2 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series Q bonds [Member] | Over 2 years to 3 [member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series Q bonds [Member] | Over 4 Years to 5 [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 0 | |||
Non-current maturities | 0 | |||
Non current bonds issued [Member] | Series Q bonds [Member] | Over 5 Years [Member] | ||||
Financial instruments [Line Items] | ||||
Notional Amount | 119,028 | |||
Non-current maturities | $ 119,028 | |||
[1] | These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL |
Financial instruments (Detai_14
Financial instruments (Details 14) - Series C bonds [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Principal payment [Member] | |||
Financial instruments [Line Items] | |||
Payments for share issue costs | $ 0 | $ 57,290 | $ 5,729 |
Interest payment [Member] | |||
Financial instruments [Line Items] | |||
Payments for share issue costs | $ 0 | $ 1,515 | $ 3,275 |
Financial instruments (Detai_15
Financial instruments (Details 15) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Series H bonds [Member] | Interest payment [Member] | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 8,325 | $ 7,691 | $ 7,289 |
Financial instruments (Detai_16
Financial instruments (Details 16) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Single series bond One [Member] | Interest payment [Member] | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 13,750 | $ 13,750 | $ 13,750 |
Financial instruments (Detai_17
Financial instruments (Details 17) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Series M Bonds [Member] | Interest payment [Member] | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 0 | $ 667 | $ 1,242 |
Series M Bonds [Member] | Principal payment [Member] | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | 0 | 40,726 | 0 |
Series O bonds [Member] | Interest payment [Member] | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 2,457 | $ 2,301 | $ 2,142 |
Financial instruments (Detai_18
Financial instruments (Details 18) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Single series bond Three [Member] | Interest payment [Member] | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 10,875 | $ 10,875 | $ 10,875 |
Financial instruments (Detai_19
Financial instruments (Details 19) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Single series bond Two [Member] | Interest payment [Member] | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 10,938 | $ 10,938 | $ 10,938 |
Financial instruments (Detai_20
Financial instruments (Details 20) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Series P bonds [Member] | Interest payment [Member] | |
Financial instruments [Line Items] | |
Repayments of bonds, notes and debentures | $ 2,027 |
Financial instruments (Detai_21
Financial instruments (Details 21) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Series Q bonds [Member] | Interest payment [Member] | |
Financial instruments [Line Items] | |
Repayments of bonds, notes and debentures | $ 319 |
Financial instruments (Detai_22
Financial instruments (Details 22) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Abstract] | ||
Accounts payable | $ 163,373 | $ 195,858 |
Other accounts payable | 378 | 422 |
Total | 163,751 | 196,280 |
Accounts payable | 0 | 0 |
Other accounts payable | 0 | 0 |
Total | 0 | 0 |
Accounts payable | 163,373 | 195,858 |
Other accounts payable | 378 | 422 |
Total | $ 163,751 | $ 196,280 |
Financial instruments (Detai_23
Financial instruments (Details 23) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | $ 145,275 | $ 154,529 |
Up to 30 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 141,323 | 154,526 |
31 - 60 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 2,394 | 0 |
61 - 90 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 1,089 | 0 |
91 - 120 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 132 | 0 |
121 - 365 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 297 | 0 |
366 and more days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 40 | 3 |
Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 52,105 | 72,567 |
Goods [Member] | Up to 30 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 48,969 | 72,567 |
Goods [Member] | 31 - 60 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 1,919 | 0 |
Goods [Member] | 61 - 90 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 912 | 0 |
Goods [Member] | 91 - 120 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 25 | 0 |
Goods [Member] | 121 - 365 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 278 | 0 |
Goods [Member] | 366 and more days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 2 | 0 |
Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 38,008 | 36,858 |
Services [Member] | Up to 30 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 37,376 | 36,855 |
Services [Member] | 31 - 60 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 314 | 0 |
Services [Member] | 61 - 90 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 157 | 0 |
Services [Member] | 91 - 120 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 107 | 0 |
Services [Member] | 121 - 365 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 19 | 0 |
Services [Member] | 366 and more days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 35 | 3 |
Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 55,162 | 45,104 |
Others [Member] | Up to 30 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 54,978 | 45,104 |
Others [Member] | 31 - 60 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 161 | 0 |
Others [Member] | 61 - 90 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 20 | 0 |
Others [Member] | 91 - 120 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 0 | 0 |
Others [Member] | 121 - 365 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | 0 | 0 |
Others [Member] | 366 and more days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Current Period | $ 3 | $ 0 |
Financial instruments (Detai_24
Financial instruments (Details 24) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | $ 18,098 | $ 41,329 |
Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 2,669 | 24,534 |
Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 13,737 | 16,187 |
Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 1,692 | 608 |
Up to 30 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 14,801 | 28,876 |
Up to 30 days [member] | Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 1,533 | 16,693 |
Up to 30 days [member] | Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 12,229 | 11,704 |
Up to 30 days [member] | Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 1,039 | 479 |
31 - 60 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 1,432 | 2,370 |
31 - 60 days [member] | Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 209 | 448 |
31 - 60 days [member] | Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 838 | 1,913 |
31 - 60 days [member] | Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 385 | 9 |
61 - 90 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 411 | 4,525 |
61 - 90 days [member] | Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 210 | 3,965 |
61 - 90 days [member] | Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 109 | 547 |
61 - 90 days [member] | Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 92 | 13 |
91 - 120 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 372 | 2,485 |
91 - 120 days [member] | Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 255 | 1,784 |
91 - 120 days [member] | Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 111 | 681 |
91 - 120 days [member] | Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 6 | 20 |
121 - 365 days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 544 | 2,973 |
121 - 365 days [member] | Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 175 | 1,602 |
121 - 365 days [member] | Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 309 | 1,325 |
121 - 365 days [member] | Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 60 | 46 |
366 and more days [member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 538 | 100 |
366 and more days [member] | Goods [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 287 | 42 |
366 and more days [member] | Services [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | 141 | 17 |
366 and more days [member] | Others [Member] | ||
Financial instruments [Line Items] | ||
Trade And Other Current Payables To Trade Suppliers Past Due | $ 110 | $ 41 |
Financial instruments (Detai_25
Financial instruments (Details 25) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Financial instruments [Line Items] | |||
Financial liabilities at fair value through profit or loss | $ 1,497,554,000 | $ 1,406,214 | $ 0 |
Gains (losses) on hedging instrument, fair value hedges | 0 | 0 | (229,000) |
Derivative instruments (IRS) [Member] | |||
Financial instruments [Line Items] | |||
Financial liabilities at fair value through profit or loss | 0 | 0 | 0 |
Gains (losses) on hedging instrument, fair value hedges | $ 0 | $ 0 | $ (229,000) |
Financial instruments (Detai_26
Financial instruments (Details 26) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Current financial assets at amortised cost | $ 1,357,265 | $ 1,497,386 |
Current, financial assets at fair value through profit or loss | 20,931 | 6,038 |
Current, total financial assets | 1,378,196 | 1,503,424 |
Non-current financial assets at amortised cost | 2,350 | 1,957 |
Non-current, financial assets at fair value through profit or loss | 17,056 | 42,834 |
Non-current, total financial assets | 19,406 | 44,791 |
Financial assets at amortised cost | 1,359,615 | 1,499,343 |
Total, financial assets at fair value through profit or loss | 37,987 | 48,872 |
Total, total financial assets | 291,790 | 163,269 |
Cash and cash equivalent [Member] | ||
Financial instruments [Line Items] | ||
Current financial assets at amortised cost | 556,066 | 630,438 |
Non-current financial assets at amortised cost | 0 | 0 |
Financial assets at amortised cost | 556,066 | 630,438 |
Trade receivables due from related parties [Member] | ||
Financial instruments [Line Items] | ||
Current financial assets at amortised cost | 44,554 | 59,132 |
Non-current financial assets at amortised cost | 0 | 0 |
Financial assets at amortised cost | 44,554 | 59,132 |
Total, total financial assets | 44,554 | 59,132 |
Term deposits [Member] | ||
Financial instruments [Line Items] | ||
Current financial assets at amortised cost | 291,790 | 360,941 |
Non-current financial assets at amortised cost | 75 | 45 |
Financial assets at amortised cost | 291,865 | 360,986 |
Loans and receivables, category [member] | ||
Financial instruments [Line Items] | ||
Current financial assets at amortised cost | 464,855 | 446,875 |
Non-current financial assets at amortised cost | 2,275 | 1,912 |
Financial assets at amortised cost | 467,130 | 448,787 |
Hedging assets [Member] | ||
Financial instruments [Line Items] | ||
Current, financial assets at fair value through profit or loss | 18,238 | 0 |
Non-current, financial assets at fair value through profit or loss | 13,425 | 8,910 |
Total, financial assets at fair value through profit or loss | 31,663 | 8,910 |
Total, total financial assets | 18,238 | 0 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Financial instruments [Line Items] | ||
Current, financial assets at fair value through profit or loss | 2,693 | 6,038 |
Non-current, financial assets at fair value through profit or loss | 0 | 0 |
Total, financial assets at fair value through profit or loss | 2,693 | 6,038 |
Investments in equity instruments designated at fair value through other comprehensive income [member] | ||
Financial instruments [Line Items] | ||
Current, financial assets at fair value through profit or loss | 0 | 0 |
Non-current, financial assets at fair value through profit or loss | 3,631 | 33,924 |
Total, financial assets at fair value through profit or loss | $ 3,631 | $ 33,924 |
Financial instruments (Detai_27
Financial instruments (Details 27) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Financial instruments [Line Items] | |||
Current financial liabilities at fair value through profit or loss | $ 179,205,000 | $ 374,707 | |
Current, total financial liabilities | 187,345,000 | 417,973,000 | |
Non-current financial liabilities at fair value through profit or loss | 1,031,507,000 | ||
Non-current, total financial liabilities | 1,031,507,000 | ||
Financial liabilities at fair value through profit or loss | 1,497,554,000 | 1,406,214 | $ 0 |
Total, total financial liabilities | 1,733,080,000 | 1,496,360,000 | |
Financial liabilities at fair value through profit or loss [Member] | |||
Financial instruments [Line Items] | |||
Current financial liabilities at amortised cost | 8,140,000 | 43,266 | |
Non-current financial liabilities at amortised cost | 0 | ||
Financial liabilities at amortised cost | 20,173,000 | 43,266 | |
Total, total financial liabilities | 2,855,000 | 5,979,000 | |
Bank borrowings [Member] | |||
Financial instruments [Line Items] | |||
Current financial liabilities at amortised cost | 163,568,000 | 163,568,000 | |
Current financial liabilities at fair value through profit or loss | 300,000 | 163,568,000 | |
Non-current financial liabilities at fair value through profit or loss | 0 | ||
Total, total financial liabilities | 69,170,000 | 163,568,000 | |
Bonds issued [Member] | |||
Financial instruments [Line Items] | |||
Current financial liabilities at fair value through profit or loss | 15,145,000 | 13,494,000 | |
Non-current financial liabilities at fair value through profit or loss | 1,031,507,000 | ||
Total, total financial liabilities | 1,264,624,000 | 1,045,001,000 | |
Trade and other payables [Member] | |||
Financial instruments [Line Items] | |||
Current financial liabilities at fair value through profit or loss | 163,751,000 | 196,280,000 | |
Non-current financial liabilities at fair value through profit or loss | 0 | ||
Total, total financial liabilities | 163,751,000 | 196,280,000 | |
Hedging liabilities [Member] | |||
Financial instruments [Line Items] | |||
Current financial liabilities at amortised cost | 5,285,000 | 37,287,000 | |
Non-current financial liabilities at amortised cost | 0 | ||
Financial liabilities at amortised cost | 17,318,000 | 37,287,000 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Financial instruments [Line Items] | |||
Current financial liabilities at amortised cost | 2,855,000 | 5,979,000 | |
Non-current financial liabilities at amortised cost | 0 | ||
Financial liabilities at amortised cost | $ 2,855,000 | $ 5,979,000 |
Financial instruments (Detai_28
Financial instruments (Details 28) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Financial assets | $ 291,790 | $ 163,269 |
Financial liabilities | 1,733,080 | 1,496,360 |
Other current financial liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 23,585 | 220,328 |
Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 300 | 163,568 |
Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 2,855 | 5,979 |
Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 15,145 | 13,494 |
Trade and other payables, current and non current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 163,751 | 196,280 |
Trade payables due to related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 9 | 1,365 |
Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,330,382 | 1,031,507 |
Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 68,870 | 0 |
Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,249,479 | 1,031,507 |
Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 12,033 | 0 |
Level 1 of fair value hierarchy [member] | Other current financial liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Forwards [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Options [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Hedging Swaps [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Trade and other payables, current and non current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Trade payables due to related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy [member] | Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 2 of fair value hierarchy [member] | Other current financial liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 2 of fair value hierarchy [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 300 | 163,568 |
Level 2 of fair value hierarchy [member] | Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 2 of fair value hierarchy [member] | Forwards [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 2,723 | 5,534 |
Level 2 of fair value hierarchy [member] | Options [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 132 | 445 |
Level 2 of fair value hierarchy [member] | Hedging Swaps [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 5,285 | 37,287 |
Level 2 of fair value hierarchy [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 15,145 | 13,494 |
Level 2 of fair value hierarchy [member] | Trade and other payables, current and non current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 163,751 | 196,280 |
Level 2 of fair value hierarchy [member] | Trade payables due to related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 9 | 1,365 |
Level 2 of fair value hierarchy [member] | Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 2 of fair value hierarchy [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 71,826 | 0 |
Level 2 of fair value hierarchy [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,357,640 | 1,131,639 |
Level 2 of fair value hierarchy [member] | Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 12,033 | 0 |
Level 3 of fair value hierarchy [member] | Other current financial liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Forwards [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Options [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Hedging Swaps [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Trade and other payables, current and non current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Trade payables due to related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy [member] | Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value Informative [Member] | Other current financial liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value Informative [Member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 300 | 163,568 |
Fair value Informative [Member] | Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value Informative [Member] | Forwards [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value Informative [Member] | Options [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value Informative [Member] | Hedging Swaps [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value Informative [Member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 15,145 | 13,494 |
Fair value Informative [Member] | Trade and other payables, current and non current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 163,751 | 196,280 |
Fair value Informative [Member] | Trade payables due to related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 9 | 1,365 |
Fair value Informative [Member] | Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair value Informative [Member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 71,826 | 0 |
Fair value Informative [Member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,357,640 | 1,131,639 |
Fair value Informative [Member] | Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | |
Fair Value [Member] | Other current financial liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Forwards [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 2,723 | 5,534 |
Fair Value [Member] | Options [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 132 | 445 |
Fair Value [Member] | Hedging Swaps [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 5,285 | 37,287 |
Fair Value [Member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Trade and other payables, current and non current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Trade payables due to related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Fair Value [Member] | Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 12,033 | 0 |
Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,492,890 | 1,247,640 |
Gross carrying amount [member] | Other current financial liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Gross carrying amount [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 300 | 163,568 |
Gross carrying amount [member] | Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Gross carrying amount [member] | Forwards [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Gross carrying amount [member] | Options [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Gross carrying amount [member] | Hedging Swaps [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Gross carrying amount [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 15,145 | 13,494 |
Gross carrying amount [member] | Trade and other payables, current and non current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 163,751 | 196,280 |
Gross carrying amount [member] | Trade payables due to related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 9 | 1,365 |
Gross carrying amount [member] | Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Gross carrying amount [member] | Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 68,870 | 0 |
Gross carrying amount [member] | Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,249,479 | 1,031,507 |
Gross carrying amount [member] | Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 0 | 0 |
Cash and cash equivalents [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 556,066 | 630,438 |
Cash and cash equivalents [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Cash and cash equivalents [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 556,066 | 630,438 |
Cash and cash equivalents [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Cash and cash equivalents [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 556,066 | 630,438 |
Cash and cash equivalents [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Cash and cash equivalents [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 556,066 | 630,438 |
Trade and other receivables, current [Member} | ||
Financial instruments [Line Items] | ||
Financial assets | 464,855 | 446,875 |
Trade and other receivables, current [Member} | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Trade and other receivables, current [Member} | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 464,855 | 446,875 |
Trade and other receivables, current [Member} | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Trade and other receivables, current [Member} | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 464,855 | 446,875 |
Trade and other receivables, current [Member} | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Trade and other receivables, current [Member} | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 464,855 | 446,875 |
Receivables due from related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 44,554 | 59,132 |
Receivables due from related parties, current [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Receivables due from related parties, current [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 44,554 | 59,132 |
Receivables due from related parties, current [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Receivables due from related parties, current [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 44,554 | 59,132 |
Receivables due from related parties, current [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Receivables due from related parties, current [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 44,554 | 59,132 |
Other current financial assets: [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 312,721 | 366,979 |
Other current financial assets: [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other current financial assets: [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other current financial assets: [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other current financial assets: [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other current financial assets: [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other current financial assets: [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Time deposits [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 291,790 | 360,941 |
Time deposits [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Time deposits [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 291,790 | 360,941 |
Time deposits [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Time deposits [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 291,790 | 360,941 |
Time deposits [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Time deposits [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 291,790 | 360,941 |
Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 2,693 | 6,038 |
Derivative instruments [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Derivative instruments [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Derivative instruments [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Derivative instruments [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Derivative instruments [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Derivative instruments [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Forwards [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Forwards [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 2,637 | 2,744 |
Forwards [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Forwards [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Forwards [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 2,637 | 2,744 |
Forwards [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Options [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Options [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 56 | 110 |
Options [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Options [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Options [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 56 | 110 |
Options [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Hedging assets [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 18,238 | 0 |
Hedging assets [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Hedging assets [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 3,184 |
Hedging assets [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Hedging assets [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Hedging assets [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 3,184 |
Hedging assets [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Investment Hedge Swaps [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Investment Hedge Swaps [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 18,238 | |
Investment Hedge Swaps [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Investment Hedge Swaps [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Investment Hedge Swaps [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 18,238 | |
Investment Hedge Swaps [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Non-current accounts receivable [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 424 | 1,912 |
Non-current accounts receivable [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Non-current accounts receivable [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 1,912 |
Non-current accounts receivable [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Non-current accounts receivable [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 424 | 1,912 |
Non-current accounts receivable [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Non-current accounts receivable [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 424 | 1,912 |
Other non-current financial assets: [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 17,131 | 42,879 |
Other non-current financial assets: [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other non-current financial assets: [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other non-current financial assets: [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other non-current financial assets: [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other non-current financial assets: [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Other non-current financial assets: [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Others [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Others [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 95 | 24,811 |
Others [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Others [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 95 | 24,811 |
Others [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Others [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 95 | 24,811 |
Actions [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 9,159 | |
Financial liabilities | 0 | |
Actions [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Actions [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Actions [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Actions [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 9,159 | |
Financial liabilities | 3,611 | |
Actions [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | |
Financial liabilities | 0 | |
Hedging Swaps [Member] | Level 1 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Hedging Swaps [Member] | Level 2 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 13,425 | 8,909 |
Hedging Swaps [Member] | Level 3 of fair value hierarchy [member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Hedging Swaps [Member] | Fair value Informative [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 0 | 0 |
Hedging Swaps [Member] | Fair Value [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 13,425 | 8,909 |
Hedging Swaps [Member] | Gross carrying amount [member] | ||
Financial instruments [Line Items] | ||
Financial assets | $ 0 | $ 0 |
Financial instruments (Detai_29
Financial instruments (Details 29) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Financial assets pledged as collateral for liabilities or contingent liabilities | $ 712 | $ 771 |
Isapre Norte Grande Ltda. [Member] | Restricted cash [Member] | ||
Financial instruments [Line Items] | ||
Financial assets pledged as collateral for liabilities or contingent liabilities | $ 712 | $ 771 |
Financial instruments (Detai_30
Financial instruments (Details 30) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments [Line Items] | ||
Financial assets | $ 291,790 | $ 163,269 |
Financial liabilities | 1,733,080 | 1,496,360 |
Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 300 | 163,568 |
Financial liabilities, at fair value | 300 | 163,568 |
Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 2,855 | 5,979 |
Financial liabilities, at fair value | 2,855 | 5,979 |
Hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 5,285 | 37,287 |
Financial liabilities, at fair value | 5,285 | 37,287 |
Other financial liabilities, current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 23,585 | 220,328 |
Financial liabilities, at fair value | 23,585 | 220,328 |
Current and non-current accounts payable [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 163,751 | 196,280 |
Financial liabilities, at fair value | 163,751 | 196,280 |
Payables due to related parties, non-current [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 9 | 1,365 |
Financial liabilities, at fair value | 9 | 1,365 |
Bank loans [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 68,870 | 0 |
Financial liabilities, at fair value | 71,826 | 0 |
Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,249,479 | 1,031,507 |
Financial liabilities, at fair value | 1,404,614 | 1,131,639 |
Non-current hedging liabilities [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 12,033 | 0 |
Financial liabilities, at fair value | 2,657 | 0 |
Other non-current financial liabilities: [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 1,330,382 | 1,031,507 |
Financial liabilities, at fair value | 1,479,097 | 1,131,639 |
Unsecured obligations [Member] | ||
Financial instruments [Line Items] | ||
Financial liabilities | 15,145 | 13,494 |
Financial liabilities, at fair value | 15,145 | 13,494 |
Cash and cash equivalents [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 556,066 | 630,438 |
Financial assets, at fair value | 556,066 | 630,438 |
Current trade and other receivables [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 464,855 | 446,875 |
Financial assets, at fair value | 464,855 | 446,875 |
Receivables due from related parties, current [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 44,554 | 59,132 |
Financial assets, at fair value | 44,554 | 59,132 |
Time deposits [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 291,790 | 360,941 |
Financial assets, at fair value | 291,790 | 360,941 |
Derivative instruments [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 2,693 | 6,038 |
Financial assets, at fair value | 2,693 | 6,038 |
Hedging assets [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 18,238 | 0 |
Financial assets, at fair value | 18,238 | 0 |
Total other current financial assets [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 312,721 | 366,979 |
Financial assets, at fair value | 312,721 | 366,979 |
Non-Current Trade Receivables [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 424 | 1,912 |
Financial assets, at fair value | 424 | 1,912 |
Other non-current financial assets: [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 17,131 | 42,879 |
Financial assets, at fair value | 17,131 | 42,879 |
Total other non-current financial assets: [Member] | ||
Financial instruments [Line Items] | ||
Financial assets | 17,131 | 42,879 |
Financial assets, at fair value | $ 17,131 | $ 42,879 |
Financial instruments (Detai_31
Financial instruments (Details Textual) | Nov. 08, 2018USD ($) | Apr. 05, 2018USD ($) | Apr. 03, 2013USD ($) | Apr. 04, 2012USD ($) | Jan. 13, 2009USD ($) | Oct. 31, 2018USD ($) | Oct. 23, 2014USD ($) | Apr. 21, 2010USD ($) | Sep. 30, 2018 | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Apr. 04, 2012CLF ( ) | Jan. 13, 2009CLF ( ) | Jan. 24, 2006USD ($) | Jan. 24, 2006CLF ( ) |
Financial instruments [Line Items] | |||||||||||||||
Term deposits, maturity | greater than 90 days and less than 360 days | ||||||||||||||
Current bonds issued net of issuance costs | $ 15,145,000 | $ 13,494,000 | |||||||||||||
Non current bonds issued net of issuance costs | 68,870,000 | 1,031,507,000 | |||||||||||||
Notional amount | 16,796,000 | 1,039,755,000 | |||||||||||||
Borrowings, maturity | 2038 | ||||||||||||||
Outstanding purchase commitments | 59,919,000 | 41,601,000 | |||||||||||||
Single series bond One [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Current bonds issued net of issuance costs | 2,288,000 | ||||||||||||||
Non current bonds issued net of issuance costs | 249,483,000 | ||||||||||||||
Notional amount | $ 2,674,000 | $ 250,000,000 | |||||||||||||
Borrowings, interest rate | 0.95% | 5.50% | |||||||||||||
Borrowings, maturity | 4/21/2019 | 04/21/2020 | |||||||||||||
Single series bond One [Member] | Bonds issued [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Notional amount | $ 250,000 | ||||||||||||||
Borrowings, interest rate | 5.50% | ||||||||||||||
Borrowings, maturity | 10 | ||||||||||||||
Single series bond Three [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Current bonds issued net of issuance costs | $ 2,044,000 | ||||||||||||||
Non current bonds issued net of issuance costs | $ 297,382,000 | ||||||||||||||
Notional amount | $ 2,658,000 | $ 300,000,000 | |||||||||||||
Borrowings, interest rate | 177.00% | 3.63% | |||||||||||||
Borrowings, maturity | 4/03/2019 | 04/03/2023 | |||||||||||||
Single series bond Three [Member] | Bonds issued [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Notional amount | $ 300 | ||||||||||||||
Borrowings, interest rate | 3.625% | ||||||||||||||
Borrowings, maturity | 10 | ||||||||||||||
Annual yield rate | 3.716% | ||||||||||||||
Description of difference between the annual interest rate and comparable rate with treasury bonds | This rate equates to a difference of 180 basis points to comparable US Treasury bonds | ||||||||||||||
Single series bond Two [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Current bonds issued net of issuance costs | $ 4,215,000 | ||||||||||||||
Non current bonds issued net of issuance costs | $ 247,364,000 | ||||||||||||||
Notional amount | $ 4,648,000 | $ 250,000,000 | |||||||||||||
Borrowings, interest rate | 275.00% | 4.38% | |||||||||||||
Borrowings, maturity | 1/28/2019 | 01/28/2025 | |||||||||||||
Single series bond Two [Member] | Bonds issued [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Notional amount | $ 250,000,000 | ||||||||||||||
Borrowings, interest rate | 4.375% | ||||||||||||||
Borrowings, maturity | 2025 | ||||||||||||||
Percentage of bonds issue price | 99.41% | ||||||||||||||
Series C bonds [Member] | Bonds issued [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Notional amount | $ 101,918,000 | 3,000,000 | |||||||||||||
Borrowings, interest rate | 4.00% | 4.00% | |||||||||||||
Series H bonds [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Current bonds issued net of issuance costs | $ 3,617,000 | ||||||||||||||
Non current bonds issued net of issuance costs | $ 172,835,000 | ||||||||||||||
Notional amount | $ 3,756,000 | $ 174,367,000 | |||||||||||||
Borrowings, interest rate | 190.00% | 4.90% | |||||||||||||
Borrowings, maturity | 1/05/2019 | 01/05/2030 | |||||||||||||
Series H bonds [Member] | Bonds issued [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Notional amount | $ 139,216,000 | 4,000,000 | |||||||||||||
Borrowings, interest rate | 4.90% | 4.90% | |||||||||||||
Borrowings, maturity | 21 | ||||||||||||||
Series Q bonds [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Current bonds issued net of issuance costs | $ 342,000 | ||||||||||||||
Notional amount | $ 342,000 | ||||||||||||||
Borrowings, interest rate | 3.45% | 334.00% | |||||||||||||
Borrowings, maturity | 6/01/2019 | ||||||||||||||
Percentage Of Funds From Sale Of Financial Assets Used For Expansion | 90.00% | ||||||||||||||
Proceeds from disposal or maturity of available-for-sale financial assets | $ 83,567,623,842 | ||||||||||||||
Bond Authorised to Issue | $ 3,000,000 | ||||||||||||||
Series O bonds [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Current bonds issued net of issuance costs | $ 867,000 | ||||||||||||||
Non current bonds issued net of issuance costs | $ 64,443,000 | ||||||||||||||
Notional amount | $ 934,000 | $ 65,388,000 | |||||||||||||
Borrowings, interest rate | 260.00% | 3.80% | |||||||||||||
Borrowings, maturity | 2/01/2019 | 01/02/2033 | |||||||||||||
Series O bonds [Member] | Bonds issued [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Notional amount | $ 69,901,000 | 1,500,000 | |||||||||||||
Borrowings, interest rate | 3.80% | 3.80% | |||||||||||||
Borrowings, maturity | 21 | ||||||||||||||
Series P bonds [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Current bonds issued net of issuance costs | $ 1,772,000 | ||||||||||||||
Notional amount | $ 1,784,000 | ||||||||||||||
Borrowings, interest rate | 3.25% | 307.00% | |||||||||||||
Borrowings, maturity | 2028 | 1/15/2019 | |||||||||||||
Bond Authorised to Issue | $ 3,000,000 | ||||||||||||||
Series M Bonds [Member] | Bonds issued [Member] | |||||||||||||||
Financial instruments [Line Items] | |||||||||||||||
Notional amount | $ 46,601,000 | 1,000,000 | |||||||||||||
Borrowings, interest rate | 3.30% | 3.30% | |||||||||||||
Borrowings, maturity | 5 |
Intangible assets and goodwil_2
Intangible assets and goodwill (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure Of Intangible Assets And Goodwill [Abstract] | |||||
Intangible assets other than goodwill | $ 188,283 | $ 113,787 | $ 109,439 | ||
Goodwill | 34,718 | $ 37,972 | 37,972 | 37,972 | |
Total | $ 223,001 | $ 151,759 | $ 147,411 | $ 148,816 |
Intangible assets and goodwil_3
Intangible assets and goodwill (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ 188,283 | $ 113,787 | $ 109,439 | |
Total intangible assets and goodwill | 223,001 | 151,759 | 147,411 | $ 148,816 |
Gross carrying amount [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 216,863 | 134,617 | ||
Total intangible assets and goodwill | 254,835 | 172,589 | 164,668 | 167,059 |
Accumulated depreciation, amortisation and impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | (26,639) | (20,830) | ||
Total intangible assets and goodwill | (26,639) | (20,830) | ||
Accumulated impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | (1,941) | |||
Total intangible assets and goodwill | $ (5,195) | |||
Indeifinite Intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ 113,787 | |||
Computer software [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Useful life | Finite | Finite | ||
Intangible assets other than goodwill | $ 3,378 | $ 5,291 | ||
Total intangible assets and goodwill | 3,378 | 5,291 | 7,046 | 9,813 |
Computer software [member] | Gross carrying amount [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 28,833 | 25,060 | ||
Total intangible assets and goodwill | 1,254 | 25,060 | 23,280 | 23,251 |
Computer software [member] | Accumulated depreciation, amortisation and impairment [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | (25,455) | $ (19,769) | ||
Computer software [member] | Accumulated impairment [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ 0 | |||
Copyrights, patents and other industrial property rights, service and operating rights [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Useful life | Finite | Finite | ||
Intangible assets other than goodwill | $ 151 | $ 189 | ||
Total intangible assets and goodwill | 189 | 460 | 464 | |
Copyrights, patents and other industrial property rights, service and operating rights [member] | Gross carrying amount [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 1,254 | 1,250 | ||
Total intangible assets and goodwill | 184,849 | 1,250 | 1,483 | 1,448 |
Copyrights, patents and other industrial property rights, service and operating rights [member] | Accumulated depreciation, amortisation and impairment [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | (1,096) | (1,061) | ||
Copyrights, patents and other industrial property rights, service and operating rights [member] | Accumulated impairment [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | (7) | |||
Copyrights, patents and other industrial property rights, service and operating rights [member] | Indeifinite Intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Total intangible assets and goodwill | $ 151 | $ 189 | 98,596 | 96,500 |
Goodwill [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Useful life | Indefinite | |||
Intangible assets other than goodwill | $ 37,972 | |||
Goodwill [Member] | Gross carrying amount [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 37,972 | |||
Goodwill [Member] | Accumulated depreciation, amortisation and impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 0 | |||
Goodwill [Member] | Indeifinite Intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Useful life | Indefinite | |||
Intangible assets other than goodwill | $ 34,718 | 37,972 | ||
Goodwill [Member] | Indeifinite Intangible assets [Member] | Gross carrying amount [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 37,972 | |||
Goodwill [Member] | Indeifinite Intangible assets [Member] | Accumulated depreciation, amortisation and impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 0 | |||
Goodwill [Member] | Indeifinite Intangible assets [Member] | Accumulated impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | (3,254) | |||
Mining Property Water Rights And Rights Of Way [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Total intangible assets and goodwill | $ 183,032 | 106,358 | ||
Mining Property Water Rights And Rights Of Way [Member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Total intangible assets and goodwill | 106,358 | 106,436 | ||
Mining Property Water Rights And Rights Of Way [Member] | Gross carrying amount [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Total intangible assets and goodwill | $ 106,358 | 106,436 | ||
Mining Property Water Rights And Rights Of Way [Member] | Indeifinite Intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Useful life | Indefinite | Indefinite | ||
Intangible assets other than goodwill | $ 183,032 | $ 106,358 | ||
Mining Property Water Rights And Rights Of Way [Member] | Indeifinite Intangible assets [Member] | Gross carrying amount [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 184,849 | 106,358 | ||
Total intangible assets and goodwill | 98,596 | 96,500 | ||
Mining Property Water Rights And Rights Of Way [Member] | Indeifinite Intangible assets [Member] | Accumulated depreciation, amortisation and impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | (88) | $ 0 | ||
Mining Property Water Rights And Rights Of Way [Member] | Indeifinite Intangible assets [Member] | Accumulated impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ (1,729) | |||
Customer-related intangible assets [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Total intangible assets and goodwill | 2,942 | |||
Customer-related intangible assets [member] | Indeifinite Intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Useful life | Indefinite | Indefinite | ||
Intangible assets other than goodwill | $ 1,573 | $ 1,778 | ||
Total intangible assets and goodwill | 1,573 | 1,778 | ||
Customer-related intangible assets [member] | Indeifinite Intangible assets [Member] | Gross carrying amount [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 1,778 | 1,778 | ||
Total intangible assets and goodwill | 1,778 | 1,778 | 2,942 | 3,651 |
Customer-related intangible assets [member] | Indeifinite Intangible assets [Member] | Accumulated depreciation, amortisation and impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 0 | 0 | ||
Customer-related intangible assets [member] | Indeifinite Intangible assets [Member] | Accumulated impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ (205) | |||
Other Intangible Assets [Member] | Gross carrying amount [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 1,778 | |||
Other Intangible Assets [Member] | Gross carrying amount [member] | Finite intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ 171 | |||
Other Intangible Assets [Member] | Indeifinite Intangible assets [Member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Useful life | Indefinite | Indefinite | ||
Intangible assets other than goodwill | $ 149 | $ 171 | ||
Total intangible assets and goodwill | 149 | 171 | 3,337 | $ 3,651 |
Other Intangible Assets [Member] | Indeifinite Intangible assets [Member] | Gross carrying amount [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 149 | 171 | ||
Total intangible assets and goodwill | 149 | 171 | $ 0 | |
Other Intangible Assets [Member] | Indeifinite Intangible assets [Member] | Accumulated depreciation, amortisation and impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 0 | $ 0 | ||
Other Intangible Assets [Member] | Indeifinite Intangible assets [Member] | Accumulated impairment [member] | ||||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ 0 |
Intangible assets and goodwil_4
Intangible assets and goodwill (Details 2) | 12 Months Ended |
Dec. 31, 2018 | |
Bottom of range [member] | Copyrights, patents and other industrial property rights, service and operating rights [member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 1 year |
Bottom of range [member] | Brand names [member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 1 year |
Bottom of range [member] | Other Intangible Assets [Member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | Indefinite |
Bottom of range [member] | Computer software [member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 2 years |
Bottom of range [member] | Mining Property Water Rights And Rights Of Way Member [Member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | Indefinite |
Top of range [member] | Copyrights, patents and other industrial property rights, service and operating rights [member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 16 years |
Top of range [member] | Brand names [member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 5 years |
Top of range [member] | Other Intangible Assets [Member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | Indefinite |
Top of range [member] | Computer software [member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 6 years |
Top of range [member] | Mining Property Water Rights And Rights Of Way Member [Member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | Indefinite |
Intangible assets and goodwil_5
Intangible assets and goodwill (Details 3) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Goodwill | $ 34,718 | $ 37,972 | $ 37,972 | $ 37,972 |
Additional recognition | 0 | |||
Impairment losses | (3,254) | |||
Transferred to available for sale | 0 | |||
SQM Industrial S.A. [Member] | ||||
Goodwill | 0 | 3,214 | ||
Additional recognition | 0 | |||
Impairment losses | (3,214) | |||
Transferred to available for sale | 0 | |||
SQM S.A [Member] | ||||
Goodwill | 22,255 | 22,255 | ||
Additional recognition | 0 | |||
Impairment losses | 0 | |||
Transferred to available for sale | 0 | |||
SQM Investment Corporation N.V. [Member] | ||||
Goodwill | 86 | 86 | ||
Additional recognition | 0 | |||
Impairment losses | 0 | |||
Transferred to available for sale | 0 | |||
Soquimich Comercial S.A. [Member] | ||||
Goodwill | 280 | 320 | ||
Additional recognition | 0 | |||
Impairment losses | (40) | |||
Transferred to available for sale | 0 | |||
Soquimich European Holding B.V. [Member] | ||||
Goodwill | 11,373 | 11,373 | ||
Additional recognition | 0 | |||
Impairment losses | 0 | |||
Transferred to available for sale | 0 | |||
SQM Potasio S.A. [Member] | ||||
Goodwill | 724 | $ 724 | ||
Additional recognition | 0 | |||
Impairment losses | 0 | |||
Transferred to available for sale | $ 0 |
Intangible assets and goodwil_6
Intangible assets and goodwill (Details 4) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | $ 151,759,000 | $ 147,411,000 | $ 148,816,000 |
Additions | 78,376,000 | 1,118,000 | 2,285,000 |
Increases (decreases) for transfers | 0 | (205,000) | |
Other increases / decreases for foreign currency exchange rates | (6,000) | ||
Impairment | (5,195,000) | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | 1,070,000 | (1,319,000) | (856,000) |
Amortization | (3,003,000) | (2,691,000) | (2,834,000) |
Total increases (decreases) | 71,242,000 | (3,097,000) | |
Final balance | 223,001,000 | 151,759,000 | 147,411,000 |
Finite intangible assets [Member] | Goodwill [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 37,972,000 | ||
Additions | 0 | ||
Increases (decreases) for transfers | 0 | ||
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | (3,254,000) | ||
Transferred to available for sale | 0 | ||
Other increases (decreases) | 0 | ||
Amortization | 0 | ||
Total increases (decreases) | (3,254,000) | ||
Final balance | 34,718,000 | 37,972,000 | |
Gross carrying amount [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 172,589,000 | 164,668,000 | 167,059,000 |
Additions | 78,376,000 | 1,118,000 | 2,285,000 |
Increases (decreases) for transfers | 0 | (205,000) | |
Other increases / decreases for foreign currency exchange rates | (10,000) | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | 3,880,000 | (437,000) | (4,676,000) |
Total increases (decreases) | 82,246,000 | 476,000 | |
Final balance | 254,835,000 | 172,589,000 | 164,668,000 |
Accumulated depreciation and amortisation [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | (20,830,000) | (17,257,000) | (18,243,000) |
Additions | 0 | 0 | 0 |
Other increases / decreases for foreign currency exchange rates | 4,000 | ||
Impairment | (5,195,000) | ||
Other increases (decreases) | (2,810,000) | (882,000) | 3,820,000 |
Amortization | (3,003,000) | (2,691,000) | (2,834,000) |
Total increases (decreases) | (11,004,000) | (3,573,000) | |
Final balance | (31,834,000) | (20,830,000) | (17,257,000) |
Accumulated depreciation and amortisation [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | ||
Additions | 0 | ||
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | (1,729,000) | ||
Other increases (decreases) | 0 | ||
Amortization | (88,000) | ||
Total increases (decreases) | (1,817,000) | ||
Final balance | (1,817,000) | 0 | |
Accumulated depreciation and amortisation [member] | Finite intangible assets [Member] | Goodwill [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | ||
Additions | 0 | ||
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | (3,254,000) | ||
Other increases (decreases) | 0 | ||
Amortization | 0 | ||
Total increases (decreases) | (3,254,000) | ||
Final balance | (3,254,000) | 0 | |
Indeifinite Intangible assets [Member] | Goodwill [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 37,972,000 | 37,972,000 | 38,388,000 |
Additions | 0 | 0 | |
Increases (decreases) for transfers | 0 | ||
Impairment | 0 | ||
Other increases (decreases) | 0 | (416,000) | |
Amortization | 0 | 0 | |
Total increases (decreases) | 0 | ||
Final balance | 37,972,000 | 37,972,000 | |
Indeifinite Intangible assets [Member] | Gross carrying amount [member] | Goodwill [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 37,972,000 | 37,972,000 | 38,388,000 |
Additions | 0 | 0 | 0 |
Increases (decreases) for transfers | 0 | 0 | |
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | 0 | 0 | (416,000) |
Total increases (decreases) | 0 | 0 | |
Final balance | 37,972 | 37,972,000 | 37,972,000 |
Indeifinite Intangible assets [Member] | Accumulated depreciation and amortisation [member] | Goodwill [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | 0 | 0 |
Additions | 0 | 0 | |
Other increases (decreases) | 0 | 0 | |
Amortization | 0 | 0 | |
Total increases (decreases) | 0 | ||
Final balance | 0 | 0 | |
Brand names [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | 0 | |
Additions | 0 | ||
Other increases (decreases) | 0 | ||
Amortization | 0 | ||
Final balance | 0 | ||
Brand names [member] | Gross carrying amount [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 25,060,000 | 0 | 3,821,000 |
Additions | 1,159,000 | 0 | |
Increases (decreases) for transfers | 0 | ||
Other increases / decreases for foreign currency exchange rates | (5,000) | ||
Impairment | 0 | ||
Transferred to available for sale | 0 | ||
Other increases (decreases) | 2,619,000 | (3,821,000) | |
Total increases (decreases) | 3,773,000 | ||
Final balance | 28,833,000 | 25,060,000 | 0 |
Brand names [member] | Accumulated depreciation and amortisation [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | (3,821,000) | |
Additions | 0 | ||
Other increases (decreases) | 3,821,000 | ||
Amortization | 0 | ||
Final balance | 0 | ||
Computer software [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 5,291,000 | 7,046,000 | 9,813,000 |
Additions | 1,159,000 | 939,000 | 160,000 |
Increases (decreases) for transfers | 0 | 0 | |
Other increases / decreases for foreign currency exchange rates | (1,000) | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | (191,000) | (41,000) | (131,000) |
Amortization | (2,880,000) | (2,653,000) | (2,796,000) |
Total increases (decreases) | (1,913,000) | (1,755,000) | |
Final balance | 3,378,000 | 5,291,000 | 7,046,000 |
Computer software [member] | Gross carrying amount [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 25,060,000 | 23,280,000 | 23,251,000 |
Additions | 5,000 | 939,000 | 160,000 |
Increases (decreases) for transfers | 0 | 0 | |
Other increases / decreases for foreign currency exchange rates | (1,000) | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | 0 | 841,000 | (131,000) |
Total increases (decreases) | 4,000 | 1,780,000 | |
Final balance | 1,254,000 | 25,060,000 | 23,280,000 |
Computer software [member] | Accumulated depreciation and amortisation [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | (19,769,000) | (16,234,000) | (13,438,000) |
Additions | 0 | 0 | 0 |
Other increases / decreases for foreign currency exchange rates | 4,000 | ||
Impairment | 0 | ||
Other increases (decreases) | (2,810,000) | (882,000) | 0 |
Amortization | (2,880,000) | (2,653,000) | (2,796,000) |
Total increases (decreases) | (5,686,000) | (3,535,000) | |
Final balance | (25,455,000) | (19,769,000) | (16,234,000) |
Copyrights, patents and other industrial property rights, service and operating rights [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 189,000 | 460,000 | 464,000 |
Additions | 8,000 | 25,000 | |
Increases (decreases) for transfers | 0 | ||
Impairment | 0 | ||
Other increases (decreases) | (241,000) | 9,000 | |
Amortization | (38,000) | (38,000) | |
Total increases (decreases) | (271,000) | ||
Final balance | 189,000 | 460,000 | |
Copyrights, patents and other industrial property rights, service and operating rights [member] | Gross carrying amount [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 1,250,000 | 1,483,000 | 1,448,000 |
Additions | 77,201,000 | 8,000 | 25,000 |
Increases (decreases) for transfers | 0 | 0 | |
Other increases / decreases for foreign currency exchange rates | (4,000) | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | 1,294,000 | (241,000) | 10,000 |
Total increases (decreases) | 78,491,000 | (233,000) | |
Final balance | 184,849,000 | 1,250,000 | 1,483,000 |
Copyrights, patents and other industrial property rights, service and operating rights [member] | Accumulated depreciation and amortisation [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | (1,061,000) | (1,023,000) | (984,000) |
Additions | 0 | 0 | 0 |
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | (7,000) | ||
Other increases (decreases) | 0 | 0 | (1,000) |
Amortization | (35,000) | (38,000) | (38,000) |
Total increases (decreases) | (42,000) | (38,000) | |
Final balance | (1,103,000) | (1,061,000) | (1,023,000) |
Copyrights, patents and other industrial property rights, service and operating rights [member] | Indeifinite Intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 189,000 | 98,596,000 | 96,500,000 |
Additions | 5,000 | 2,100,000 | |
Increases (decreases) for transfers | 0 | ||
Other increases / decreases for foreign currency exchange rates | (1,000) | ||
Impairment | (7,000) | ||
Transferred to available for sale | 0 | ||
Other increases (decreases) | 0 | (4,000) | |
Amortization | (35,000) | 0 | |
Total increases (decreases) | (38,000) | ||
Final balance | 151,000 | 189,000 | 98,596,000 |
Mining Property Water Rights And Rights Of Way [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 106,358,000 | ||
Additions | 77,201,000 | ||
Increases (decreases) for transfers | 0 | ||
Other increases / decreases for foreign currency exchange rates | (4,000) | ||
Impairment | (1,729,000) | ||
Transferred to available for sale | 0 | ||
Other increases (decreases) | 1,294,000 | ||
Amortization | (88,000) | ||
Total increases (decreases) | 76,674,000 | ||
Final balance | 183,032,000 | 106,358,000 | |
Mining Property Water Rights And Rights Of Way [Member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 106,358,000 | 106,436,000 | |
Increases (decreases) for transfers | (205,000) | ||
Impairment | 0 | ||
Other increases (decreases) | 127,000 | ||
Amortization | 0 | ||
Total increases (decreases) | (78,000) | ||
Final balance | 106,358,000 | 106,436,000 | |
Mining Property Water Rights And Rights Of Way [Member] | Gross carrying amount [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 106,358,000 | 106,436,000 | |
Additions | 0 | ||
Increases (decreases) for transfers | (205,000) | ||
Impairment | 0 | ||
Other increases (decreases) | 127,000 | ||
Total increases (decreases) | (78,000) | ||
Final balance | 106,358,000 | 106,436,000 | |
Mining Property Water Rights And Rights Of Way [Member] | Accumulated depreciation and amortisation [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | 0 | |
Additions | 0 | ||
Other increases (decreases) | 0 | ||
Amortization | 0 | ||
Total increases (decreases) | 0 | ||
Final balance | 0 | 0 | |
Mining Property Water Rights And Rights Of Way [Member] | Indeifinite Intangible assets [Member] | Gross carrying amount [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 98,596,000 | 96,500,000 | |
Additions | 2,100,000 | ||
Increases (decreases) for transfers | |||
Other increases / decreases for foreign currency exchange rates | |||
Impairment | |||
Transferred to available for sale | |||
Other increases (decreases) | (4,000) | ||
Total increases (decreases) | |||
Final balance | 98,596,000 | ||
Mining Property Water Rights And Rights Of Way [Member] | Indeifinite Intangible assets [Member] | Accumulated depreciation and amortisation [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | 0 | |
Additions | 0 | ||
Other increases / decreases for foreign currency exchange rates | |||
Impairment | |||
Other increases (decreases) | 0 | ||
Amortization | 0 | ||
Total increases (decreases) | |||
Final balance | 0 | ||
Customer-related intangible assets [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 2,942,000 | ||
Increases (decreases) for transfers | |||
Final balance | 2,942,000 | ||
Customer-related intangible assets [member] | Indeifinite Intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 1,778,000 | ||
Additions | 0 | ||
Increases (decreases) for transfers | 0 | ||
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | (205,000) | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | 0 | (1,164,000) | |
Amortization | 0 | 0 | |
Total increases (decreases) | (205,000) | (1,164,000) | |
Final balance | 1,573,000 | 1,778,000 | |
Customer-related intangible assets [member] | Indeifinite Intangible assets [Member] | Gross carrying amount [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 1,778,000 | 2,942,000 | 3,651,000 |
Additions | 0 | 0 | 0 |
Increases (decreases) for transfers | 0 | 0 | |
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | 0 | (1,164,000) | (314,000) |
Total increases (decreases) | 1,778,000 | (1,164,000) | |
Final balance | 1,778,000 | 1,778,000 | 2,942,000 |
Customer-related intangible assets [member] | Indeifinite Intangible assets [Member] | Accumulated depreciation and amortisation [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | 0 | |
Additions | 0 | 0 | 0 |
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | (205,000) | ||
Other increases (decreases) | 0 | 0 | 0 |
Amortization | 0 | 0 | 0 |
Total increases (decreases) | (205,000) | 0 | |
Final balance | (205,000) | 0 | |
Other Intangible Assets [Member] | Accumulated depreciation and amortisation [member] | Finite intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 0 | ||
Additions | 0 | ||
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | 0 | ||
Other increases (decreases) | 0 | ||
Amortization | 0 | ||
Total increases (decreases) | 0 | ||
Final balance | 0 | 0 | |
Other Intangible Assets [Member] | Indeifinite Intangible assets [Member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 171,000 | 3,337,000 | 3,651,000 |
Additions | 11,000 | 171,000 | 0 |
Increases (decreases) for transfers | 0 | 0 | |
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | (33,000) | 0 | (314,000) |
Amortization | 0 | 0 | 0 |
Total increases (decreases) | (22,000) | 171,000 | |
Final balance | 149,000 | 171,000 | 3,337,000 |
Other Intangible Assets [Member] | Indeifinite Intangible assets [Member] | Gross carrying amount [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | 171,000 | 0 | |
Additions | 11,000 | 171,000 | |
Increases (decreases) for transfers | 0 | 0 | |
Other increases / decreases for foreign currency exchange rates | 0 | ||
Impairment | 0 | 0 | |
Transferred to available for sale | 0 | ||
Other increases (decreases) | (33,000) | 0 | |
Total increases (decreases) | (22,000) | 171,000 | |
Final balance | 149,000 | 171,000 | 0 |
Other Intangible Assets [Member] | Indeifinite Intangible assets [Member] | Accumulated depreciation and amortisation [member] | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Opening balance | $ 0 | 0 | |
Additions | 0 | ||
Other increases (decreases) | 0 | ||
Amortization | 0 | ||
Total increases (decreases) | 0 | ||
Final balance | $ 0 | $ 0 |
Intangible assets and goodwil_7
Intangible assets and goodwill (Details Textual) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Discount rate applied to cash flow projections | 9.80% |
Period Over Which Management Has Projected Cash Flows | 5 years |
Intangible assets and goodwill [member] | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |
Discount rate applied to cash flow projections | 8.04% |
Period Over Which Management Has Projected Cash Flows | 5 years |
Property, plant and equipment_2
Property, plant and equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Property, plant and equipments [Abstract] | |||
Land | $ 24,695 | $ 24,900 | |
Buildings | 238,808 | 230,319 | |
Other property, plant and equipment | 28,175 | 24,862 | |
Transport equipment | 2,892 | 3,257 | |
Suppliers and accessories | 4,722 | 1,872 | |
Office equipment | 513 | 487 | |
Network and communication equipment | 692 | 1,050 | |
Mining assets | 11,501 | 16,237 | |
IT equipment | 4,980 | 3,401 | |
Energy generating assets | 6,117 | 7,861 | |
Construction in progress | 207,830 | 165,054 | |
Machinery, plant and equipment | 923,898 | 950,054 | |
Total | 1,454,823 | 1,429,354 | $ 1,532,710 |
Description of classes of property, plant and equipment [Abstract] | |||
Pumps | 34,145 | 33,614 | |
Conveyor belt | 22,082 | 24,832 | |
Crystallizer | 27,112 | 15,519 | |
Plant equipment | 188,934 | 186,885 | |
Water tanks | 14,876 | 11,296 | |
Filter | 29,300 | 18,572 | |
Facilities or electrical equipment | 96,179 | 105,600 | |
Other machinery, plant and equipment | 71,964 | 72,812 | |
Piping | 98,498 | 113,641 | |
Pond | 250,045 | 275,731 | |
Well | 42,903 | 46,802 | |
Parts | 47,860 | 44,750 | |
Total | 923,898 | 950,054 | |
Gross carrying amount [member] | |||
Property, plant and equipments [Abstract] | |||
Land | 24,695 | 24,900 | |
Buildings | 648,719 | 610,264 | |
Other property, plant and equipment | 245,731 | 244,831 | |
Transport equipment | 11,668 | 11,195 | |
Suppliers and accessories | 24,456 | 19,498 | |
Office equipment | 11,377 | 11,105 | |
Network and communication equipment | 7,505 | 7,356 | |
Mining assets | 132,309 | 129,028 | |
IT equipment | 29,955 | 27,038 | |
Energy generating assets | 36,930 | 36,643 | |
Construction in progress | 207,830 | 165,054 | |
Machinery, plant and equipment | 3,068,862 | 2,938,287 | |
Total | 4,450,037 | 4,225,199 | 4,140,841 |
Description of classes of property, plant and equipment [Abstract] | |||
Total | 3,068,862 | 2,938,287 | |
Accumulated depreciation and amortisation [member] | |||
Property, plant and equipments [Abstract] | |||
Buildings | (409,911) | (379,945) | |
Other property, plant and equipment | (217,556) | (219,969) | |
Transport equipment | (8,776) | (7,938) | |
Suppliers and accessories | (19,734) | (17,626) | |
Office equipment | (10,864) | (10,618) | |
Network and communication equipment | (6,813) | (6,306) | |
Mining assets | (120,808) | (112,791) | |
IT equipment | (24,975) | (23,637) | |
Energy generating assets | (30,813) | (28,782) | |
Machinery, plant and equipment | (2,144,964) | (1,988,233) | |
Total | (2,995,214) | (2,795,845) | $ (2,608,131) |
Description of classes of property, plant and equipment [Abstract] | |||
Total | $ (2,144,964) | $ (1,988,233) |
Property, plant and equipment_3
Property, plant and equipment (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | ||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | $ 1,429,354 | $ 1,532,710 | |||
Changes | |||||
Additions | 266,144 | 161,800 | |||
Disposals | (6,643) | (226) | |||
Depreciation expense | (211,251) | (227,160) | |||
Impairment | (1,390) | (5,205) | |||
Increase (decrease) in foreign currency translation difference | (277) | 160 | |||
Reclassifications | 0 | (127) | |||
Other increases (decreases) | (20,973) | [1] | (32,130) | [2] | |
Decreases for classification as held for sale | [3] | (141) | (468) | ||
Total changes | 25,469 | (103,356) | |||
Closing balance | 1,454,823 | 1,429,354 | |||
Land [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 24,900 | 32,702 | |||
Changes | |||||
Additions | 0 | 0 | |||
Disposals | 0 | 0 | |||
Depreciation expense | 0 | 0 | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (64) | 45 | |||
Reclassifications | 0 | 0 | |||
Other increases (decreases) | 0 | [1] | (7,436) | [2] | |
Decreases for classification as held for sale | [3] | (141) | (411) | ||
Total changes | (205) | (7,802) | |||
Closing balance | 24,695 | 24,900 | |||
Buildings [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 230,319 | 237,585 | |||
Changes | |||||
Additions | 28 | 189 | |||
Disposals | 0 | (1) | |||
Depreciation expense | (29,829) | (33,306) | |||
Impairment | (437) | 0 | |||
Increase (decrease) in foreign currency translation difference | (93) | 68 | |||
Reclassifications | 38,852 | 23,274 | |||
Other increases (decreases) | (32) | [1] | 2,567 | [2] | |
Decreases for classification as held for sale | [3] | 0 | (57) | ||
Total changes | 8,489 | (7,266) | |||
Closing balance | 238,808 | 230,319 | |||
Other property, plant and equipment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 24,862 | 26,417 | |||
Changes | |||||
Additions | 833 | 541 | |||
Disposals | (74) | (1) | |||
Depreciation expense | (7,415) | (6,759) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (4) | 0 | |||
Reclassifications | 9,847 | 8,293 | |||
Other increases (decreases) | 126 | [1] | (3,629) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 3,313 | (1,555) | |||
Closing balance | 28,175 | 24,862 | |||
Transport equipment [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 3,257 | 3,355 | |||
Changes | |||||
Additions | 0 | 0 | |||
Disposals | (43) | (9) | |||
Depreciation expense | (880) | (730) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (2) | (1) | |||
Reclassifications | 529 | 664 | |||
Other increases (decreases) | 31 | [1] | (22) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (365) | (98) | |||
Closing balance | 2,892 | 3,257 | |||
Supplies and accessoies [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 1,872 | 1,773 | |||
Changes | |||||
Additions | 41 | 115 | |||
Disposals | 0 | 0 | |||
Depreciation expense | (2,056) | (1,047) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (7) | 0 | |||
Reclassifications | 4,802 | 934 | |||
Other increases (decreases) | 70 | [1] | 97 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 2,850 | 99 | |||
Closing balance | 4,722 | 1,872 | |||
Equipment Office [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 487 | 3,642 | |||
Changes | |||||
Additions | 15 | 42 | |||
Disposals | 0 | (20) | |||
Depreciation expense | (271) | (357) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (3) | 0 | |||
Reclassifications | 251 | 103 | |||
Other increases (decreases) | 34 | [1] | (2,923) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 26 | (3,155) | |||
Closing balance | 513 | 487 | |||
Network and communication equipment | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 1,050 | 1,686 | |||
Changes | |||||
Additions | 0 | 12 | |||
Disposals | 0 | 0 | |||
Depreciation expense | (483) | (665) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 0 | |||
Reclassifications | 122 | 98 | |||
Other increases (decreases) | 3 | [1] | (81) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (358) | (636) | |||
Closing balance | 692 | 1,050 | |||
Mining assets [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 16,237 | 24,643 | |||
Changes | |||||
Additions | 0 | 0 | |||
Disposals | 0 | ||||
Disposals | 1 | ||||
Depreciation expense | (8,017) | (10,638) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 0 | |||
Reclassifications | 3,281 | 596 | |||
Other increases (decreases) | 0 | [1] | 1,635 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (4,736) | (8,406) | |||
Closing balance | 11,501 | 16,237 | |||
Network infrastructure [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 3,401 | 366 | |||
Changes | |||||
Additions | 489 | 899 | |||
Disposals | 0 | (32) | |||
Depreciation expense | (1,374) | (909) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (12) | (13) | |||
Reclassifications | 2,190 | 76 | |||
Other increases (decreases) | 286 | [1] | 3,014 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 1,579 | 3,035 | |||
Closing balance | 4,980 | 3,401 | |||
Power generating assets [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 7,861 | 8,191 | |||
Changes | |||||
Additions | 0 | 122 | |||
Disposals | 0 | 0 | |||
Depreciation expense | (2,026) | (2,184) | |||
Impairment | (12) | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 0 | |||
Reclassifications | 76 | 1,735 | |||
Other increases (decreases) | 218 | [1] | (3) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (1,744) | (330) | |||
Closing balance | 6,117 | 7,861 | |||
Construction in Progress [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 165,054 | 170,710 | |||
Changes | |||||
Additions | 263,290 | 149,133 | |||
Disposals | (6,582) | 0 | |||
Depreciation expense | 0 | 0 | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 1 | |||
Reclassifications | (184,095) | (135,988) | |||
Other increases (decreases) | (29,837) | [1] | (18,802) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 42,776 | (5,656) | |||
Closing balance | 207,830 | 165,054 | |||
Machinery, plant and equipment | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 950,054 | 1,021,640 | |||
Changes | |||||
Additions | 1,448 | 10,747 | |||
Disposals | (164) | ||||
Disposals | 56 | ||||
Depreciation expense | (158,900) | (170,565) | |||
Impairment | (941) | (5,205) | |||
Increase (decrease) in foreign currency translation difference | (92) | 60 | |||
Reclassifications | 124,145 | 100,088 | |||
Other increases (decreases) | 8,128 | [1] | (6,547) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (26,156) | (71,586) | |||
Closing balance | 923,898 | 950,054 | |||
Gross carrying amount [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 4,225,199 | 4,140,841 | |||
Changes | |||||
Additions | 266,144 | 161,800 | |||
Disposals | (16,158) | (45,539) | |||
Increase (decrease) in foreign currency translation difference | (398) | 269 | |||
Reclassifications | (1) | (191) | |||
Other increases (decreases) | (24,608) | [1] | (31,514) | [2] | |
Decreases for classification as held for sale | [3] | (141) | (467) | ||
Total changes | 224,838 | 84,358 | |||
Closing balance | 4,450,037 | 4,225,199 | |||
Gross carrying amount [member] | Land [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 24,900 | 32,702 | |||
Changes | |||||
Additions | 0 | 0 | |||
Disposals | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (64) | 45 | |||
Reclassifications | 0 | 0 | |||
Other increases (decreases) | 0 | [1] | (7,436) | [2] | |
Decreases for classification as held for sale | [3] | (141) | (411) | ||
Total changes | (205) | (7,802) | |||
Closing balance | 24,695 | 24,900 | |||
Gross carrying amount [member] | Buildings [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 610,264 | 582,082 | |||
Changes | |||||
Additions | 28 | 189 | |||
Disposals | (38) | (59) | |||
Increase (decrease) in foreign currency translation difference | (134) | 103 | |||
Reclassifications | 38,746 | 23,336 | |||
Other increases (decreases) | (147) | [1] | 4,669 | [2] | |
Decreases for classification as held for sale | [3] | 0 | (56) | ||
Total changes | 38,455 | 28,182 | |||
Closing balance | 648,719 | 610,264 | |||
Gross carrying amount [member] | Other property, plant and equipment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 244,831 | 253,555 | |||
Changes | |||||
Additions | 833 | 541 | |||
Disposals | (7,811) | (11,623) | |||
Increase (decrease) in foreign currency translation difference | (8) | 3 | |||
Reclassifications | 10,330 | 8,255 | |||
Other increases (decreases) | (2,444) | [1] | (5,900) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 900 | (8,724) | |||
Closing balance | 245,731 | 244,831 | |||
Gross carrying amount [member] | Transport equipment [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 11,195 | 10,819 | |||
Changes | |||||
Additions | 0 | 0 | |||
Disposals | (51) | (321) | |||
Increase (decrease) in foreign currency translation difference | (3) | 1 | |||
Reclassifications | 529 | 696 | |||
Other increases (decreases) | (2) | [1] | 0 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 473 | 376 | |||
Closing balance | 11,668 | 11,195 | |||
Gross carrying amount [member] | Supplies and accessoies [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 19,498 | 18,259 | |||
Changes | |||||
Additions | 41 | 115 | |||
Disposals | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (19) | 0 | |||
Reclassifications | 4,889 | 1,044 | |||
Other increases (decreases) | 47 | [1] | 80 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 4,958 | 1,239 | |||
Closing balance | 24,456 | 19,498 | |||
Gross carrying amount [member] | Equipment Office [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 11,105 | 17,731 | |||
Changes | |||||
Additions | 15 | 42 | |||
Disposals | 0 | (23) | |||
Increase (decrease) in foreign currency translation difference | (6) | 0 | |||
Reclassifications | 268 | 172 | |||
Other increases (decreases) | (5) | [1] | (6,817) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 272 | (6,626) | |||
Closing balance | 11,377 | 11,105 | |||
Gross carrying amount [member] | Network and communication equipment | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 7,356 | 7,522 | |||
Changes | |||||
Additions | 0 | 12 | |||
Disposals | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 0 | |||
Reclassifications | 150 | 123 | |||
Other increases (decreases) | (1) | [1] | (301) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 149 | (166) | |||
Closing balance | 7,505 | 7,356 | |||
Gross carrying amount [member] | Mining assets [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 129,028 | 158,514 | |||
Changes | |||||
Additions | 0 | 0 | |||
Disposals | 0 | (30,082) | |||
Increase (decrease) in foreign currency translation difference | 0 | 0 | |||
Reclassifications | 3,281 | 596 | |||
Other increases (decreases) | 0 | [1] | 0 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 3,281 | (29,486) | |||
Closing balance | 132,309 | 129,028 | |||
Gross carrying amount [member] | Network infrastructure [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 27,038 | 20,316 | |||
Changes | |||||
Additions | 489 | 899 | |||
Disposals | (10) | (57) | |||
Increase (decrease) in foreign currency translation difference | (11) | (2) | |||
Reclassifications | 2,100 | 122 | |||
Other increases (decreases) | 349 | [1] | 5,760 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 2,917 | 6,722 | |||
Closing balance | 29,955 | 27,038 | |||
Gross carrying amount [member] | Power generating assets [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 36,643 | 34,812 | |||
Changes | |||||
Additions | 0 | 122 | |||
Disposals | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 0 | |||
Reclassifications | 75 | 1,709 | |||
Other increases (decreases) | 212 | [1] | 0 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 287 | 1,831 | |||
Closing balance | 36,930 | 36,643 | |||
Gross carrying amount [member] | Construction in Progress [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 165,054 | 170,710 | |||
Changes | |||||
Additions | 263,290 | 149,133 | |||
Disposals | (6,582) | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 1 | |||
Reclassifications | (184,095) | (135,988) | |||
Other increases (decreases) | (29,837) | [1] | (18,802) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 42,776 | (5,656) | |||
Closing balance | 207,830 | 165,054 | |||
Gross carrying amount [member] | Machinery, plant and equipment | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 2,938,287 | 2,833,819 | |||
Changes | |||||
Additions | 1,448 | 10,747 | |||
Disposals | (1,666) | (3,374) | |||
Increase (decrease) in foreign currency translation difference | (153) | 118 | |||
Reclassifications | 123,726 | 99,744 | |||
Other increases (decreases) | 7,220 | [1] | (2,767) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 130,575 | 104,468 | |||
Closing balance | 3,068,862 | 2,938,287 | |||
Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (2,795,845) | (2,608,131) | |||
Changes | |||||
Disposals | 9,515 | 45,313 | |||
Depreciation expense | (211,251) | (227,160) | |||
Impairment | (1,390) | (5,205) | |||
Increase (decrease) in foreign currency translation difference | 121 | ||||
Reclassifications | 1 | 64 | |||
Other increases (decreases) | 3,635 | [1] | (616) | [2] | |
Decreases for classification as held for sale | [3] | 0 | (1) | ||
Total changes | (199,369) | (187,714) | |||
Closing balance | (2,995,214) | (2,795,845) | |||
Accumulated depreciation and amortisation [member] | Land [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 0 | 0 | |||
Changes | |||||
Disposals | 0 | 0 | |||
Depreciation expense | 0 | 0 | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | 0 | |||
Reclassifications | 0 | 0 | |||
Other increases (decreases) | 0 | [1] | 0 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 0 | 0 | |||
Closing balance | 0 | 0 | |||
Accumulated depreciation and amortisation [member] | Buildings [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (379,945) | (344,497) | |||
Changes | |||||
Disposals | 38 | 58 | |||
Depreciation expense | (29,829) | (33,306) | |||
Impairment | (437) | 0 | |||
Increase (decrease) in foreign currency translation difference | 41 | 0 | |||
Reclassifications | 106 | (62) | |||
Other increases (decreases) | 115 | [1] | (2,102) | [2] | |
Decreases for classification as held for sale | [3] | 0 | (1) | ||
Total changes | (29,966) | (35,448) | |||
Closing balance | (409,911) | (379,945) | |||
Accumulated depreciation and amortisation [member] | Other property, plant and equipment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (219,969) | (227,138) | |||
Changes | |||||
Disposals | 7,737 | 11,622 | |||
Depreciation expense | (7,415) | (6,759) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 4 | ||||
Reclassifications | (483) | 38 | |||
Other increases (decreases) | 2,570 | [1] | 2,271 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 2,413 | 7,169 | |||
Closing balance | (217,556) | (219,969) | |||
Accumulated depreciation and amortisation [member] | Transport equipment [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (7,938) | (7,464) | |||
Changes | |||||
Disposals | 8 | 312 | |||
Depreciation expense | (880) | (730) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 1 | ||||
Reclassifications | 0 | (32) | |||
Other increases (decreases) | 33 | [1] | (22) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (838) | (474) | |||
Closing balance | (8,776) | (7,938) | |||
Accumulated depreciation and amortisation [member] | Supplies and accessoies [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (17,626) | (16,486) | |||
Changes | |||||
Disposals | 0 | 0 | |||
Depreciation expense | (2,056) | (1,047) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 12 | ||||
Reclassifications | (87) | (110) | |||
Other increases (decreases) | 23 | [1] | 17 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (2,108) | (1,140) | |||
Closing balance | (19,734) | (17,626) | |||
Accumulated depreciation and amortisation [member] | Equipment Office [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (10,618) | (14,089) | |||
Changes | |||||
Disposals | 0 | 3 | |||
Depreciation expense | (271) | (357) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 3 | ||||
Reclassifications | (17) | (69) | |||
Other increases (decreases) | 39 | [1] | 3,894 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (246) | 3,471 | |||
Closing balance | (10,864) | (10,618) | |||
Accumulated depreciation and amortisation [member] | Network and communication equipment | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (6,306) | (5,836) | |||
Changes | |||||
Disposals | 0 | 0 | |||
Depreciation expense | (483) | (665) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | ||||
Reclassifications | (28) | (25) | |||
Other increases (decreases) | 4 | [1] | 220 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (507) | (470) | |||
Closing balance | (6,813) | (6,306) | |||
Accumulated depreciation and amortisation [member] | Mining assets [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (112,791) | (133,871) | |||
Changes | |||||
Disposals | 0 | 30,083 | |||
Depreciation expense | (8,017) | (10,638) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | ||||
Reclassifications | 0 | 0 | |||
Other increases (decreases) | 0 | [1] | 1,635 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (8,017) | 21,080 | |||
Closing balance | (120,808) | (112,791) | |||
Accumulated depreciation and amortisation [member] | Network infrastructure [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (23,637) | (19,950) | |||
Changes | |||||
Disposals | 10 | 25 | |||
Depreciation expense | (1,374) | (909) | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | (1) | ||||
Reclassifications | 90 | (46) | |||
Other increases (decreases) | (63) | [1] | (2,746) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (1,338) | (3,687) | |||
Closing balance | (24,975) | (23,637) | |||
Accumulated depreciation and amortisation [member] | Power generating assets [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (28,782) | (26,621) | |||
Changes | |||||
Disposals | 0 | 0 | |||
Depreciation expense | (2,026) | (2,184) | |||
Impairment | (12) | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | ||||
Reclassifications | 1 | 26 | |||
Other increases (decreases) | 6 | [1] | (3) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (2,031) | (2,161) | |||
Closing balance | (30,813) | (28,782) | |||
Accumulated depreciation and amortisation [member] | Construction in Progress [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | 0 | 0 | |||
Changes | |||||
Disposals | 0 | 0 | |||
Depreciation expense | 0 | 0 | |||
Impairment | 0 | 0 | |||
Increase (decrease) in foreign currency translation difference | 0 | ||||
Reclassifications | 0 | 0 | |||
Other increases (decreases) | 0 | [1] | 0 | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | 0 | 0 | |||
Closing balance | 0 | 0 | |||
Accumulated depreciation and amortisation [member] | Machinery, plant and equipment | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Opening balance | (1,988,233) | (1,812,179) | |||
Changes | |||||
Disposals | 1,722 | 3,210 | |||
Depreciation expense | (158,900) | (170,565) | |||
Impairment | (941) | (5,205) | |||
Increase (decrease) in foreign currency translation difference | 61 | ||||
Reclassifications | 419 | 344 | |||
Other increases (decreases) | 908 | [1] | (3,780) | [2] | |
Decreases for classification as held for sale | [3] | 0 | 0 | ||
Total changes | (156,731) | (176,054) | |||
Closing balance | $ (2,144,964) | $ (1,988,233) | |||
[1] | The net balance of other increases (decreases) corresponds to all those items that are reclassified to or from property, plant and equipment. They can have the following origin:1) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; 2) the variation representing the purchase and use of materials and spare parts; 3) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; 4) software that is reclassified to Intangibles. | ||||
[2] | The net balance of other increases (decreases) corresponds to all those items that are reclassified to or from property, plant and equipment, They can have the following origin:1) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; 2) the variation representing the purchase and use of materials and spare parts; 3) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; 4) assets for retirement obligations and 5) software that is reclassified to Intangibles. | ||||
[3] | Any property, plant and equipment (disposal group) that, at the closing date of the financial statements, is subject to a commitment for sale or where the sales process has been initiated and where the sale is expected to occur within twelve months of that date, is classified by the Company as non-current assets held for sale. These assets or disposal groups are valued at the lower of carrying amount or the estimated sales value less the costs to sell and stop being amortized from the moment they are classified as non-current assets held for sale. |
Property, plant and equipment_4
Property, plant and equipment (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Property Plant And Equipment [line items] | ||
Interest costs capitalised | $ 5,021 | $ 4,382 |
Impairment loss recognised in profit or loss, property, plant and equipment | 1,390 | 5,205 |
Other property, plant and equipment [member] | ||
Property Plant And Equipment [line items] | ||
Impairment loss recognised in profit or loss, property, plant and equipment | 0 | 0 |
Site Closure Expenses Capitalised | $ 12,967 | $ 14,104 |
Other current and non-current_3
Other current and non-current non-financial assets (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | $ 49,186 | $ 26,883 |
Other non-current non-financial assets | 27,540 | 19,262 |
Domestic Value Added Tax [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | 20,209 | 11,484 |
Foreign Value Added Tax [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | 7,211 | 5,122 |
Prepaid mining licenses [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | 1,329 | 1,205 |
Prepaid insurance [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | 1,763 | 2,446 |
Refund of Value Added Tax to exporters [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | 12,545 | 941 |
Other taxes [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | 2,800 | 4,027 |
Other Assets [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | 341 | 215 |
Other non-current non-financial assets | 639 | 770 |
Stain development expenses and prospecting expenses [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-current non-financial assets | 26,189 | 17,721 |
Guarantee deposits [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-current non-financial assets | 712 | 771 |
Other prepayment [Member] | ||
Disclosure of other non-financial assets [Line Items] | ||
Other current non-financial assets | $ 2,988 | $ 1,443 |
Other current and non-current_4
Other current and non-current non-financial assets (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other non-financials asset [Abstract] | ||
Opening balance | $ 17,721 | $ 23,008 |
Changes | ||
Additions, other than business combinations | 11,298 | 0 |
Reclassifications | 1,987 | 595 |
Increase (decrease) due to transfers and other charges | (4,817) | (5,882) |
Total changes | 8,468 | (5,287) |
Total | $ 26,189 | $ 17,721 |
Employee benefits (Details)
Employee benefits (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Current | ||
Profit sharing and bonuses | $ 20,085 | $ 22,421 |
Total | 20,085 | 22,421 |
Non-current | ||
Profit sharing and bonuses | 8,831 | 6,487 |
Severance indemnity payments | 28,233 | 27,445 |
Total | $ 37,064 | $ 33,932 |
Employee benefits (Details 1)
Employee benefits (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Employee benefits [Abstract] | ||
Staff severance indemnities, Chile | $ 27,562 | $ 25,893 |
Executive severance plan | 8,831 | 6,487 |
Severance for foreigners | 671 | 1,552 |
Total other non-current liabilities | $ 37,064 | $ 33,932 |
Employee benefits (Details 2)
Employee benefits (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee benefits [Line Items] | |||
Benefit obligation at the beginning of the year | $ 8,755 | $ 8,185 | $ 7,949 |
Service cost | 0 | 2 | 2 |
Interest cost | 319 | 359 | 387 |
Actuarial loss | 63 | 556 | 200 |
Benefits paid | (480) | (347) | (353) |
Benefit obligation at the end of the year | $ 8,657 | $ 8,755 | $ 8,185 |
Employee benefits (Details 3)
Employee benefits (Details 3) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee benefits [Line Items] | |||
Fair value of plan assets at the beginning of the year | $ 8,751 | $ 7,404 | $ 7,464 |
Actual return (loss) in plan assets | 133 | 1,694 | 293 |
Benefits paid | (480) | (347) | (353) |
Fair value of plan assets at the end of the year | 8,404 | 8,751 | 7,404 |
Financing status | (253) | (4) | (781) |
Net actuarial loss at the beginning of the year | (2,614) | (3,432) | (3,165) |
Amortization during the year | 160 | 219 | 184 |
Net estimated gain or loss occurred during the year | (568) | 599 | (451) |
Adjustment to recognize the minimum pension obligation | $ (3,022) | $ (2,614) | $ (3,432) |
Employee benefits (Details 4)
Employee benefits (Details 4) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee benefits [Abstract] | |||
Service cost or benefits received during the year | $ 0 | $ 2 | $ 2 |
Interest cost in benefit obligation | 319 | 359 | 387 |
Actual return in plan assets | 133 | 1,694 | 293 |
Amortization of prior year losses | 160 | 219 | 184 |
Net gain during the year | (568) | 599 | 610 |
Net periodic pension expense | $ (159) | $ 41 | $ 29 |
Employee benefits (Details 5)
Employee benefits (Details 5) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee benefits [Line Items] | |||
Current cost of service | $ 0 | $ (2) | $ (2) |
Interest cost | 319 | 359 | 387 |
Actuarial gain/loss | 63 | 556 | 200 |
Benefits paid during the year | (480) | (347) | (353) |
Staff severance indemnities [Member] | |||
Employee benefits [Line Items] | |||
Opening balance | (27,445) | (22,532) | (21,995) |
Current cost of service | (1,529) | (934) | (1,333) |
Interest cost | (1,658) | (1,488) | (1,407) |
Actuarial gain/loss | (1,617) | (1,144) | (2,253) |
Exchange rate difference | 2,710 | (2,284) | (1,215) |
Benefits paid during the year | 1,306 | 937 | 5,671 |
Balance | $ (28,233) | $ (27,445) | $ (22,532) |
Employee benefits (Details 6)
Employee benefits (Details 6) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee benefits [Line Items] | |||
Actuarial assumption of discount rates | 4.642% | 5.114% | 4.522% |
Voluntary retirement rate [Abstract] | |||
Actuarial assumption of expected rates of salary increases | 3.00% | 3.00% | 3.60% |
Retirement age [Abstract] | |||
Mortality rate | RV - 2014 | RV - 2014 | RV - 2009 |
Men [Member] | |||
Voluntary retirement rate [Abstract] | |||
Actuarial assumption voluntary retirement rate | 6.49% | 6.49% | 7.16% |
Retirement age [Abstract] | |||
Actuarial assumption of retirement age | 65 | 65 | 65 |
Women [Member] | |||
Voluntary retirement rate [Abstract] | |||
Actuarial assumption voluntary retirement rate | 6.49% | 6.49% | 7.16% |
Retirement age [Abstract] | |||
Actuarial assumption of retirement age | 60 | 60 | 60 |
Employee benefits (Details 7)
Employee benefits (Details 7) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Actuarial assumption of discount rates [member] | ||
Employee benefits [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | $ (1,807) | $ (1,991) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 2,033 | 2,436 |
Actuarial assumption of employee turnover rate [Member] | ||
Employee benefits [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (237) | (252) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ 265 | $ 281 |
Employee benefits (Details Text
Employee benefits (Details Textual) | 12 Months Ended | |||
Dec. 31, 2020USD ($) | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($)shares | Dec. 31, 2016 | |
Employee benefits [Line Items] | ||||
Key management personnel compensation | $ | $ 27,907,000 | $ 27,367,000 | ||
Weighted average share price | $ | $ 54 | |||
Executive Compensation Plan [Member] | ||||
Employee benefits [Line Items] | ||||
Key management personnel compensation | $ | $ 3,754,000 | $ 6,487,000 | ||
Number of shares effected | shares | 476,302 | 533,476 | ||
Men [Member] | ||||
Employee benefits [Line Items] | ||||
Actuarial assumption of retirement age | 65 | 65 | 65 | |
Men [Member] | Top of range [member] | ||||
Employee benefits [Line Items] | ||||
Actuarial assumption of retirement age | 65 | |||
Women [Member] | ||||
Employee benefits [Line Items] | ||||
Actuarial assumption of retirement age | 60 | 60 | 60 | |
Women [Member] | Top of range [member] | ||||
Employee benefits [Line Items] | ||||
Actuarial assumption of retirement age | 60 |
Provisions and other non-fina_3
Provisions and other non-financial liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Current provisions | $ 106,197 | $ 63,445 | |
Non-current provisions | 31,822 | 30,001 | |
Provisions | 138,019 | 93,446 | |
Legal proceedings provision [member] | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Current provisions | [1] | 11,862 | 16,419 |
Non-current provisions | [1] | 3,000 | 3,000 |
Provisions | [1] | 14,862 | 19,419 |
Provision for decommissioning, restoration and rehabilitation costs [member] | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Current provisions | [2] | 0 | 0 |
Non-current provisions | [2] | 28,822 | 26,954 |
Provisions | [2] | 28,822 | 26,954 |
Miscellaneous other provisions [member] | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Current provisions | [3] | 94,335 | 47,026 |
Non-current provisions | [3] | 0 | 47 |
Provisions | [3] | $ 94,335 | $ 47,073 |
[1] | These provisions correspond to legal processes that are pending resolution or that have not yet been disbursed. These provisions are mainly related to litigation involving the subsidiaries located in Chile, Brazil and the United States (see note 22.1). | ||
[2] | The commitments related to Sernageomin have been incorporated through the issuance of the guarantee for the restoration of the place where the production sites are located. | ||
[3] | See Note 18.2 |
Provisions and other non-fina_4
Provisions and other non-financial liabilities (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total | $ 106,197 | $ 63,445 | |
Total | 31,822 | 30,001 | |
Miscellaneous other provisions [member] | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Rent under Lease contract with Corfo | [1] | 84,826 | 32,331 |
Provision for additional tax related to foreign loans | 471 | 416 | |
End of agreement bonus | 5,129 | 4,522 | |
Directors' per diem allowance | 2,881 | 2,630 | |
Provision for subsidiary restructuring | 0 | 6,000 | |
Miscellaneous provisions | 1,028 | 1,127 | |
Total | [2] | 94,335 | 47,026 |
Investments with negative equity | 0 | 47 | |
Total | [2] | $ 0 | $ 47 |
[1] | Payment Obligations for the lease contract with CORFO: These correspond to obligations assumed in the modification of the Lease Agreement for extraction of mining claims owned by the Chilean Economic Development Agency (CORFO). Part of the obligations include quarterly lease payments to CORFO, based on SQM Salar’s sales for the period of products obtained from the claims leased; another part corresponds to annual contributions that SQM Salar must make, since 2018, to Research and Development and to Communities and Regional Development. 2017 includes US$20.4 million corresponding to the payment that formed part of the agreement reached between SQM Salar and CORFO due to the end of Arbitration. (See Note 21.1) | ||
[2] | See Note 18.2 |
Provisions and other non-fina_5
Provisions and other non-financial liabilities (Details 3) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other provisions [abstract] | |||
Tax withholdings | $ 4,782 | $ 7,404 | |
VAT payable | 7,345 | 3,344 | |
Guarantees received | 2,641 | 2,638 | |
Accrual for dividend | 109,670 | 110,529 | |
Monthly tax provisional payments | 21,001 | 11,684 | |
Deferred income | 18,574 | 5,301 | |
Withholdings from employees and salaries payable | 6,052 | 6,725 | |
Accrued vacations | [1] | 20,070 | 19,042 |
Other current liabilities | 4,489 | 2,137 | |
Total | $ 194,624 | $ 168,804 | |
[1] | Vacation benefit (short-term benefits to employees, current) is in line with the provisions established in Chile’s Labor Code, which indicates that employees with more than a year of service will be entitled to annual vacation for a period of at least fifteen paid business days. The Company provides the benefit of two additional vacation days. |
Provisions and other non-fina_6
Provisions and other non-financial liabilities (Details 4) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | $ 93,446 | $ 50,846 | $ 40,402 |
Changes in provisions: | |||
Additional provisions | 99,336 | 60,923 | 57,110 |
Provision used | (54,778) | (18,338) | (1,061) |
Increase(decrease) in foreign currency exchange | 0 | 9 | 128 |
others | 15 | 6 | 467 |
Total Increase (decreases) | 44,573 | 42,600 | 10,444 |
Total provisions, final balance | 138,019 | 93,446 | 50,846 |
Legal proceedings provision [member] | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | 19,419 | 23,867 | 21,067 |
Changes in provisions: | |||
Additional provisions | 1,000 | 6,352 | 2,800 |
Provision used | (5,557) | (10,800) | 0 |
Increase(decrease) in foreign currency exchange | 0 | 0 | 0 |
others | 0 | 0 | 0 |
Total Increase (decreases) | (4,557) | (4,448) | 2,800 |
Total provisions, final balance | 14,862 | 19,419 | 23,867 |
Provision for decommissioning, restoration and rehabilitation costs [member] | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | 26,954 | 5,890 | 5,890 |
Changes in provisions: | |||
Additional provisions | 1,820 | 21,064 | 0 |
Provision used | 0 | 0 | 0 |
Increase(decrease) in foreign currency exchange | 0 | 0 | 0 |
others | 48 | 0 | 0 |
Total Increase (decreases) | 1,868 | 21,064 | 0 |
Total provisions, final balance | 28,822 | 26,954 | 5,890 |
Miscellaneous other provisions [member] | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | 47,073 | 21,089 | 13,445 |
Changes in provisions: | |||
Additional provisions | 96,516 | 33,507 | 54,310 |
Provision used | (49,221) | (7,538) | (47,261) |
Increase(decrease) in foreign currency exchange | 0 | 9 | 128 |
others | (33) | 6 | 467 |
Total Increase (decreases) | 47,262 | 25,984 | 7,644 |
Total provisions, final balance | $ 94,335 | $ 47,073 | $ 21,089 |
Disclosures on equity (Details)
Disclosures on equity (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | ||
Disclosure of Disclosures on equity [Line Items] | |||
Net Financial Debt | $ 471,755 | $ 245,508 | |
Liquidity | 4.32 | 3.29 | |
Net Debt / Capitalization | 0.18 | 0.10 | |
Return on equity | 20.7 | 19.1 | |
Adjusted EBITDA | $ 885,652 | $ 901,856 | |
EBITDA | $ 902,450 | $ 885,240 | |
ROA | 20.31 | 21.3 | |
Indebtedness | 1 | 0.91 | |
Description Net Financial Debt | [1] | Financial Debt – Financial Resources | |
Description Liquidity | [1] | Current Assets divided by Current Liabilities | |
Description Net Debt / Capitalization | [1] | Net Financial Debt divided by Total Equity | |
Description ROE | [1] | Profit for the year divided by Total Equity | |
Description adjusted EBITDA | [1] | Adjusted EBITDA | |
Description EBITDA | [1] | EBITDA | |
Description ROA | [1] | (Adjusted EBITDA – Depreciation) divided by Total Assets net of financial resources less related parties’ investments | |
Description Indebtedness | [1] | Total Liabilities on Equity | |
Calculation Net Financial Debt | [1] | Other current Financial Liabilities + Other Non-Current Financial Liabilities – Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current | |
Calculation Liquidity | [1] | Total Current Assets / Total Current Liabilities | |
Calculation Net Debt / Capitalization | [1] | Net financial debt / Total Equity | |
Calculation ROE | [1],[2] | LTM | |
Calculation Adjusted EBITDA | [1] | Profit for the year + Depreciation and Amortization Expenses + Finance Costs + Income Tax – Other income – Other gains (losses) - Share of Profit of associates and joint ventures accounted for using the equity method + Other expenses by function + Net impairment gains or reversal (losses) of financial assets – Finance income – Currency differences | |
Calculation EBITDA | [1] | Profit for the year + Depreciation and Amortization Expenses + Finance Costs + Income Tax | |
Calculation ROA | [1] | (LTM Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity-accounted Investments) | |
Calculation Indebtedness | [1] | Total Liabilities / Total Equity | |
[1] | Assumes the absolute value of the accounting records | ||
[2] | Last 12 months |
Disclosures on equity (Details
Disclosures on equity (Details 1) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 05, 2018 | Dec. 31, 2016 | |
Disclosure of Disclosures on equity [Line Items] | ||||
Number of current shares | 7,138,685 | |||
Number of shares owned by the entity or its subsidiaries or associates | 62,556,568 | |||
Capital amount in shares | $ 477,386 | $ 477,386 | ||
Amount of reserves | $ (14,999) | $ (14,349) | $ (12,888) | |
Series A preferred shares [Member] | ||||
Disclosure of Disclosures on equity [Line Items] | ||||
Number of authorized shares | 142,819,552 | 142,819,552 | ||
Number of fully subscribed and paid shares | 142,819,552 | 142,819,552 | ||
Number of subscribed, partially paid shares | 0 | 0 | ||
Par value of shares in ThUS$ | $ 943.5 | $ 943.5 | ||
Increase (decrease) in the number of current shares | 0 | 0 | ||
Number of current shares | 142,819,552 | 142,819,552 | ||
Number of shares owned by the entity or its subsidiaries or associates | 0 | 0 | ||
Number of shares whose issuance is reserved due to the existence of options or agreements to dispose shares | 0 | 0 | ||
Capital amount in shares | $ 134,750 | $ 134,750 | ||
Amount of premium issuance | 0 | 0 | ||
Amount of reserves | $ 0 | $ 0 | ||
Total number of subscribed shares, total | 142,819,552 | 142,819,552 | ||
Series B preferred shares [Member] | ||||
Disclosure of Disclosures on equity [Line Items] | ||||
Number of authorized shares | 120,376,972 | 120,376,972 | ||
Number of fully subscribed and paid shares | 120,376,972 | 120,376,972 | ||
Number of subscribed, partially paid shares | 0 | 0 | ||
Par value of shares in ThUS$ | $ 2,846.4 | $ 2,846.4 | ||
Increase (decrease) in the number of current shares | 0 | 0 | ||
Number of current shares | 120,376,972 | 120,376,972 | ||
Number of shares owned by the entity or its subsidiaries or associates | 0 | 0 | ||
Number of shares whose issuance is reserved due to the existence of options or agreements to dispose shares | 0 | 0 | ||
Capital amount in shares | $ 342,636 | $ 342,636 | ||
Amount of premium issuance | 0 | 0 | ||
Amount of reserves | $ 0 | $ 0 | ||
Total number of subscribed shares, total | 120,376,972 | 120,376,972 |
Disclosures on equity (Detail_2
Disclosures on equity (Details 2) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of detailed information about controls capital management [Abstract] | |||
Reserve for currency exchange conversion | $ (26,307) | $ (24,913) | $ (19,463) |
Reserve for cash flow hedges | 7,971 | 2,248 | 64 |
Reserve for gains and losses from financial assets measured at fair value through other comprehensive income | (1,111) | 2,937 | 3,513 |
Reserve for actuarial gains or losses in defined benefit plans | (6,884) | (5,953) | (4,834) |
Other reserves | 11,332 | 11,332 | 7,832 |
Total other reserves | $ (14,999) | $ (14,349) | $ (12,888) |
Disclosures on equity (Detail_3
Disclosures on equity (Details 3) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | $ (14,349,000) | $ (12,888,000) |
Adjustments for Reclassification Of Gains and Losses In Other reserves | (931,000) | (1,119,000) |
Closing balance | (14,999,000) | (14,349,000) |
Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 3,500,000 | |
Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | (1,394,000) | (5,450) |
Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 5,723,000 | 2,184,000 |
Impaiment Of Equity Investments | (4,048,000) | (576,000) |
Reserve of change in value of foreign currency basis spreads [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | (24,913,000) | (19,463,000) |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 0 | 0 |
Closing balance | (26,307,000) | (24,913,000) |
Reserve of change in value of foreign currency basis spreads [member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Reserve of change in value of foreign currency basis spreads [member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | (1,394,000) | (5,450,000) |
Reserve of change in value of foreign currency basis spreads [member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 0 |
Impaiment Of Equity Investments | 0 | 0 |
Gains from cash flow hedge before tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | 2,248,000 | 89,000 |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 0 | 0 |
Closing balance | 7,971,000 | 2,248,000 |
Gains from cash flow hedge before tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Gains from cash flow hedge before tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Gains from cash flow hedge before tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 5,723,000 | 2,159,000 |
Impaiment Of Equity Investments | 0 | 0 |
Gains from cash flow hedge tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | 0 | (25,000) |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 0 | 0 |
Closing balance | 0 | 0 |
Gains from cash flow hedge tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Gains from cash flow hedge tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Gains from cash flow hedge tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 25,000 |
Impaiment Of Equity Investments | 0 | 0 |
Losses from measurement of defined benefit plans before tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | (6,847,000) | (5,446,000) |
Adjustments for Reclassification Of Gains and Losses In Other reserves | (1,329) | (1,401,000) |
Closing balance | (8,176,000) | (6,847,000) |
Losses from measurement of defined benefit plans before tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Losses from measurement of defined benefit plans before tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Losses from measurement of defined benefit plans before tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 0 |
Impaiment Of Equity Investments | 0 | 0 |
Losses from measurement of defined benefit plans tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | 894,000 | 612,000 |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 398,000 | 282,000 |
Closing balance | 1,292,000 | 894,000 |
Losses from measurement of defined benefit plans tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Losses from measurement of defined benefit plans tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Losses from measurement of defined benefit plans tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 0 |
Impaiment Of Equity Investments | 0 | 0 |
Gains (losses) from financial assets measured at fair value through other comprehensive income before tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | 4,787,000 | 4,813,000 |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 0 | 0 |
Closing balance | (759,000) | 4,787,000 |
Gains (losses) from financial assets measured at fair value through other comprehensive income before tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Gains (losses) from financial assets measured at fair value through other comprehensive income before tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Gains (losses) from financial assets measured at fair value through other comprehensive income before tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 0 |
Impaiment Of Equity Investments | (5,546) | (26,000) |
Gains (losses) from financial assets measured at fair value through other comprehensive income tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | (1,850,000) | (1,300,000) |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 0 | 0 |
Closing balance | (352,000) | (1,850,000) |
Gains (losses) from financial assets measured at fair value through other comprehensive income tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Gains (losses) from financial assets measured at fair value through other comprehensive income tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Gains (losses) from financial assets measured at fair value through other comprehensive income tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 0 |
Impaiment Of Equity Investments | 1,498,000 | (550,000) |
Miscellaneous other reserves before tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | 11,332,000 | 7,832,000 |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 0 | 0 |
Closing balance | 11,332,000 | 11,332,000 |
Miscellaneous other reserves before tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 3,500,000 | |
Miscellaneous other reserves before tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Miscellaneous other reserves before tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 0 |
Impaiment Of Equity Investments | 0 | 0 |
Total reserves, reserves before tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | (13,393,000) | (12,175,000) |
Adjustments for Reclassification Of Gains and Losses In Other reserves | (1,329) | (1,401) |
Closing balance | (15,939,000) | (13,393,000) |
Total reserves, reserves before tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 3,500,000 | |
Total reserves, reserves before tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | (1,394) | (5,450,000) |
Total reserves, reserves before tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 5,723,000 | 2,159,000 |
Impaiment Of Equity Investments | (5,546) | (26,000) |
Total reserves, reserves defered tax [Member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Opening balance | (956,000) | (713,000) |
Adjustments for Reclassification Of Gains and Losses In Other reserves | 398,000 | 282,000 |
Closing balance | 940,000 | (956,000) |
Total reserves, reserves defered tax [Member] | Subsidiaries [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Statutory reserve | 0 | |
Total reserves, reserves defered tax [Member] | Associates [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Gains (losses) on exchange differences on translation, net of tax | 0 | 0 |
Total reserves, reserves defered tax [Member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of Disclosures on equity [Line Items] | ||
Impairment Of Debt Instruments | 0 | 25,000 |
Impaiment Of Equity Investments | $ 1,498,000 | $ (550,000) |
Disclosures on equity (Detail_4
Disclosures on equity (Details 4) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of Disclosures on equity [Line Items] | |||
Equity before adjustments | $ 13,009 | $ 13,009 | $ 9,509 |
Adjustments to equity | (1,677) | (1,677) | (1,677) |
Total Other reserves | 11,332 | 11,332 | 7,832 |
SQM Iberian S.A. [Member] | |||
Disclosure of Disclosures on equity [Line Items] | |||
Equity before adjustments | 9,464 | 9,464 | 5,964 |
SQM Europe N.V. [Member] | |||
Disclosure of Disclosures on equity [Line Items] | |||
Equity before adjustments | 1,957 | 1,957 | 1,957 |
Soquimich European Holding B.V. [Member] | |||
Disclosure of Disclosures on equity [Line Items] | |||
Equity before adjustments | 828 | 828 | 828 |
Abu Dhabi Fertilizer Industries WWL [Member] | |||
Disclosure of Disclosures on equity [Line Items] | |||
Equity before adjustments | 455 | 455 | 455 |
Doktor Tarsa Tarim Sanayi AS [Member] | |||
Disclosure of Disclosures on equity [Line Items] | |||
Equity before adjustments | $ 305 | $ 305 | $ 305 |
Disclosures on equity (Detail_5
Disclosures on equity (Details 5) - USD ($) | 1 Months Ended | 12 Months Ended | ||
Apr. 27, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about controls capital management [Abstract] | ||||
Dividends attributable to owners of the parent | $ 823,000 | $ 55,501,000 | $ 3,014,000 | |
Provisional dividend | 331,199,000 | 317,243,000 | 225,000,000 | |
Interim dividend | 107,872,000 | 0 | 150,000,000 | |
Dividend payable | 109,669,000 | 110,529,000 | 0 | |
Total | $ 100,000,000 | $ 549,563,000 | $ 483,273,000 | $ 378,014,000 |
Disclosures on equity (Detail_6
Disclosures on equity (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | ||||||
Apr. 27, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Nov. 21, 2018 | Aug. 22, 2018 | May 23, 2018 | May 10, 2018 | |
Disclosure of Disclosures on equity [Line Items] | ||||||||
Provisional dividend payable per share | $ 0.41968 | |||||||
debt equity ratio | 1.2 | |||||||
Actuarial assumption of discount rates | 4.642% | 5.114% | 4.522% | |||||
Dividend payable per share | $ 1.62501 | $ 0.31726 | $ 0.50864 | $ 0.43247 | ||||
Provisional dividend paid, Per share | $ 1.20533 | |||||||
Dividends recognised as distributions to owners | $ 100,000,000 | $ 549,563,000 | $ 483,273,000 | $ 378,014,000 | ||||
Dividends paid, ordinary shares per share | $ 0.37994 | |||||||
State defined benefit plans [member] | ||||||||
Disclosure of Disclosures on equity [Line Items] | ||||||||
Actuarial assumption of discount rates | 5.50% | 5.50% | ||||||
Series A preferred shares [Member] | ||||||||
Disclosure of Disclosures on equity [Line Items] | ||||||||
Number of shares issued and fully paid | 142,819,552 | 142,819,552 | ||||||
Series B preferred shares [Member] | ||||||||
Disclosure of Disclosures on equity [Line Items] | ||||||||
Number of shares issued and fully paid | 120,376,972 | 120,376,972 | ||||||
Preference shares [member] | ||||||||
Disclosure of Disclosures on equity [Line Items] | ||||||||
Number of shares issued and fully paid | 263,196,524 | |||||||
Bottom of range [member] | ||||||||
Disclosure of Disclosures on equity [Line Items] | ||||||||
Cash dividend rate | 30.00% |
Earnings per share (Details)
Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings (losses) attributable to owners of the parent | $ 439,830 | $ 427,697 | $ 278,290 |
Number of common shares in circulation | 263,196,524 | 263,196,524 | 263,196,524 |
Basic earnings per share (US$ per share) | $ 1.6711 | $ 1.6250 | $ 1.0573 |
Contingencies and restriction_2
Contingencies and restrictions (Details 1) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of contingent liabilities [line items] | ||
Grantor obligations | $ 9,423 | $ 12,103 |
Ferosor Agricola S.A. [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Ferosor Agrícola S.A. | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 3,598 | 4,067 |
Tattersall Agroinsumos S.A. [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Tattersall Agroinsumos S.A. | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 2,000 | 2,000 |
Contador Frutos S.A. [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Contador Frutos S.A. | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 1,587 | 1,743 |
Agricola Lobert Ltda. [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Agrícola Lobert Ltda. | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 0 | 1,264 |
Covepa SPA [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Covepa SPA | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 720 | 813 |
Johannes Epple Davanzo [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Johannes Epple Davanzo | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 321 | 363 |
Hortofruticola La Serena [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Hortofrutícola La Serena | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 294 | 323 |
Juan Luis Gaete Chesta [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Juan Luis Gaete Chesta | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 195 | 262 |
Arena Fertilizantes y Semillas [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Arena Fertilizantes y Semillas | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 216 | 244 |
Vicente Oyarce Castro [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Vicente Oyarce Castro | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 222 | 244 |
Soc. Agrocom. Julio Polanco [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Soc. Agrocom. Julio Polanco | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 144 | 163 |
Bernardo Guzman Schmidt [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Bernardo Guzmán Schmidt | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 126 | 138 |
Gilberto Rivas Y Cia. Ltda. [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Gilberto Rivas Y Cia. Ltda. | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 0 | 138 |
Lemp Martin Julian [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Lemp Martin Julian | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 0 | 124 |
Comercial Agrosal Ltda. [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Comercial Agrosal Ltda. | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 0 | 116 |
Soc. Comercial el Mimbral [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Name of grantor | Soc.Comercial el Mimbral | |
Relationship with grantor | Unrelated third party | |
Grantor obligations | $ 0 | $ 101 |
Contingencies and restriction_3
Contingencies and restrictions (Details 3) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Leverage | 1 | 0.91 |
Contingencies and restriction_4
Contingencies and restrictions (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | |||||
Aug. 31, 2015 | Dec. 31, 2018 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2017 | Mar. 24, 2017 | Aug. 26, 2016 | |
Lawsuits, litigation status | Filing of the case, processing suspended. | ||||||
Level of consolidated financial indicators required by the Company to comply with | To maintain Leverage Ratio not higher than 1.2 times at its strictest level. The Leverage ratio is defined as the Total Liabilities divided by Total Equity. | ||||||
Taxes, interests and other charges | $ 8,100 | ||||||
Payments for taxes, interests and other charges | $ 1,400 | $ 50,000,000 | |||||
Penalties payable as percentage of taxes paid | 50% and 300% | ||||||
Tax contingency, amount claimed | $ 14,400 | $ 17,800 | |||||
Tax contingency, amount under dispute | $ 32,200 | ||||||
Tax contingency, amount under dispute correspond to excess charge levied | 7,000 | ||||||
Expected claim for differences in specific tax on mining activities | 57,000 | ||||||
Guarantee obligations | $ 712 | ||||||
Description of lawsuits received | The Company and its subsidiaries have received no legal notice on lawsuits other than those indicated above, which exceed US$0.2 million. | ||||||
Soquimich Comercial S.A. [Member] | |||||||
Lawsuits, damages owed, value | $ 1,200 | ||||||
Collateral Security Carrying Value | $ 9,423 | $ 12,103 | |||||
Lawsuit one [Member] | |||||||
Lawsuits, name of plaintiff | Nancy Erika Urra Muñoz, | ||||||
Lawsuits, name of defendant | Fresia Flores Zamorano, Duratec-Vinilit S.A. and the Company and their Insurers. | ||||||
Lawsuits, lawsuit filing date | December 2008. | ||||||
Lawsuits, domicile of litigation | 1st Civil Court of Santiago. | ||||||
Lawsuits, allegations | Labor Accident. | ||||||
Lawsuits, litigation status | Judgment favorable for the Company. Dated March 11, 2016. Appeal filed by the plaintiff which has not been pronounced on. Awaiting notification of the sentence, case filed on December 28, 2016 | ||||||
Lawsuits, nominal value | ThUS$550. | ||||||
Lawsuit two [Member] | |||||||
Lawsuits, name of plaintiff | City of Pomona, California USA. | ||||||
Lawsuits, name of defendant | SQM North America Corporation (“SQM NA”). | ||||||
Lawsuits, lawsuit filing date | December 2010. | ||||||
Lawsuits, domicile of litigation | United States District Court Central District of California. | ||||||
Lawsuits, allegations | Payment of expenses and other amounts related to the treatment of groundwater to allow for its consumption by removing the existing perchlorate in such groundwater that allegedly comes from Chilean fertilizers. | ||||||
Lawsuits, litigation status | On May 17, 2018, district judge Gary Klausner sentenced in favor of SQM NA following the verdict of the jury. On September 14, 2018, the plaintiff filed a motion to appeal, which is pending resolution. | ||||||
Lawsuits, nominal value | ThUS$32,000. | ||||||
Lawsuit three [Member] | |||||||
Lawsuits, name of plaintiff | City of Lindsay, California USA. | ||||||
Lawsuits, name of defendant | SQM NA and the Company (still not noticed) | ||||||
Lawsuits, lawsuit filing date | December 2010. | ||||||
Lawsuits, domicile of litigation | United States District Court Eastern District of California. | ||||||
Lawsuits, allegations | Payment of expenses and other amounts related to the treatment of groundwater to allow for its consumption by removing the existing perchlorate in such groundwater that allegedly comes from Chilean fertilizers. | ||||||
Lawsuits, nominal value | Not possible to determine. | ||||||
Lawsuit four [Member] | |||||||
Lawsuits, name of plaintiff | H&V Van Mele N.V. | ||||||
Lawsuits, name of defendant | NV Euroports, SQM Europe N.V. and its insurance companies, | ||||||
Lawsuits, lawsuit filing date | July 2013. | ||||||
Lawsuits, domicile of litigation | Commercial Court of Dendermonde, | ||||||
Lawsuits, allegations | Alleged indirect responsibility for the absence of adequate specifications for the SOP–WS by the Belgian distributor. | ||||||
Lawsuits, litigation status | Sentencing against NV Euroports and subsidy SQM Europe N.V., for EUR 206,675.91. Appeal presented in November 2017. | ||||||
Lawsuits, nominal value | ThUS$430. | ||||||
Lawsuit five [Member] | |||||||
Lawsuits, name of plaintiff | Carlos Aravena Carrizo et al. | ||||||
Lawsuits, name of defendant | SQM Nitratos S.A. (“SQM Nitratos”) and its insurers. | ||||||
Lawsuits, lawsuit filing date | May 2014. | ||||||
Lawsuits, domicile of litigation | 18th Civil Court of Santiago. | ||||||
Lawsuits, allegations | Lawsuit seeking compensation for damages for alleged civil liability under tort as a result of an explosion that occurred during 2010 near Baquedano, causing the death of 6 employees. | ||||||
Lawsuits, litigation status | Summons to hear sentence | ||||||
Lawsuits, nominal value | ThUS$1,235. | ||||||
Lawsuit six [Member] | |||||||
Lawsuits, name of plaintiff | Evt Consulting SpA. | ||||||
Lawsuits, name of defendant | SQM Nitratos. | ||||||
Lawsuits, lawsuit filing date | October 2014. | ||||||
Lawsuits, domicile of litigation | 23th Civil Court of Santiago. | ||||||
Lawsuits, allegations | Lawsuit seeking compensation for damages related to the termination of the purchase and sale agreement for metallic structures. | ||||||
Lawsuits, litigation status | On November 13, 2017, the Santiago Appeals Court sentenced SQM Nitratos S.A. to pay US$304,620. An appeal in form and substance was presented before the Supreme Court in December 2017. | ||||||
Lawsuits, nominal value | ThUS$835. | ||||||
Lawsuit seven [Member] | |||||||
Lawsuits, name of plaintiff | SQM Salar S.A. (“SQM Salar”) and the Company. | ||||||
Lawsuits, name of defendant | Seguros Generales Suramericana S.A. (formerly - RSA Seguros Chile S.A.) | ||||||
Lawsuits, lawsuit filing date | August 29, 2016. | ||||||
Lawsuits, domicile of litigation | Arbitration Court – Arbitrator Mr. Gonzalo Fernández. | ||||||
Lawsuits, allegations | Complaint for forced compliance and collection of indemnification for insurance claim of February 7 and 8, 2013. | ||||||
Lawsuits, litigation status | Evidence stage. | ||||||
Lawsuits, nominal value | ThUS$20,658. | ||||||
Lawsuit eight [Member] | |||||||
Lawsuits, name of plaintiff | Tyne and Wear Pension Fund as represented by the Council of the Borough of South Tyneside acting as Lead Plaintiff. | ||||||
Lawsuits, name of defendant | The Company | ||||||
Lawsuits, lawsuit filing date | Date : January 2016. | ||||||
Lawsuits, domicile of litigation | United States District Court – Southern District of New York. | ||||||
Lawsuits, allegations | Alleged damage to ADS holders of the Company resulting from alleged noncompliance with the securities regulations in the United States by the Company. | ||||||
Lawsuits, litigation status | Initial stage of disclosure of background information. | ||||||
Lawsuits, nominal value | Not determined. | ||||||
Lawsuit nine [Member] | |||||||
Lawsuits, name of plaintiff | Ernesto Saldaña González et al. | ||||||
Lawsuits, name of defendant | SQM Salar S.A., SQM Industrial S.A. (“SQM Industrial”) and their insurance companies. | ||||||
Lawsuits, lawsuit filing date | May 2016. | ||||||
Lawsuits, domicile of litigation | 13th Civil Court of Santiago. | ||||||
Lawsuits, allegations | Lawsuit seeking compensation for damages for alleged civil liability under tort law arising from the accident that occurred in July 2014 in the María Elena location. | ||||||
Lawsuits, litigation status | Summons to hear sentence | ||||||
Lawsuits, nominal value | ThUS$515. | ||||||
Lawsuit ten [Member] | |||||||
Lawsuits, name of plaintiff | María Yolanda Achiardi Tapia et al. | ||||||
Lawsuits, name of defendant | SQM Salar and its insurance companies and other 5 defendants | ||||||
Lawsuits, lawsuit filing date | February 2015. | ||||||
Lawsuits, domicile of litigation | 1st Civil Court of Antofagasta. | ||||||
Lawsuits, allegations | Lawsuit seeking compensation for damages for alleged civil liability under tort law arising from a traffic accident that occurred in April 2011 in the city of Antofagasta. | ||||||
Lawsuits, litigation status | Summons to hear sentence. | ||||||
Lawsuits, nominal value | ThUS$1,265. | ||||||
Lawsuit eleven [Member] | |||||||
Lawsuits, name of plaintiff | The Company | ||||||
Lawsuits, name of defendant | AES Gener S.A. (“Gener”) and Empresa Eléctrica Cochrane SpA (“Cochrane”). | ||||||
Lawsuits, lawsuit filing date | May 11, 2017. | ||||||
Lawsuits, domicile of litigation | Arbitration award in accordance with the arbitration rules established by the Center for Arbitration and Mediation of the Santiago Chamber of Commerce (“CAM). | ||||||
Lawsuits, allegations | Request for the interpretation of an electricity supply agreement alleging the right by the plaintiff to receive a collection in conformity with such agreement. | ||||||
Lawsuits, litigation status | Evidentiary stage. | ||||||
Lawsuits, nominal value | Not determined. | ||||||
Lawsuit twelve [Member] | |||||||
Lawsuits, name of plaintiff | Gener and Cochrane. | ||||||
Lawsuits, name of defendant | The Company. | ||||||
Lawsuits, lawsuit filing date | May 2017. | ||||||
Lawsuits, domicile of litigation | Arbitration in accordance with the rules established by the Center for Arbitration and Mediation (CAM). | ||||||
Lawsuits, allegations | Discrepancy with respect to the amount of an alleged right by the plaintiff to receive a collection in conformity with the agreement entered into by the parties. | ||||||
Lawsuits, litigation status | Evidentiary stage. | ||||||
Lawsuits, nominal value | Not determined. | ||||||
Lawsuit thirteen [Member] | |||||||
Lawsuits, name of plaintiff | Transportes Buen Destino | ||||||
Lawsuits, name of defendant | SQM Salar. | ||||||
Lawsuits, lawsuit filing date | None. | ||||||
Lawsuits, domicile of litigation | Arbitration in accordance with the rules established by the Center for Arbitration and Mediation (CAM). | ||||||
Lawsuits, allegations | Discrepancies generated in the implementation of the following contracts entered into between TBD and SQM Salar: (i) lithium brine transportation; and (ii) salt transportation. | ||||||
Lawsuits, litigation status | Prior stage. The audience for setting procedure rules is pending | ||||||
Lawsuits, nominal value | Undetermined. | ||||||
Lawsuit fourteen [Member] | |||||||
Lawsuits, name of plaintiff | Castillo, Hernán et al. | ||||||
Lawsuits, name of defendant | Servicios Integrales de Tránsitos y Transferencias S.A. and SQM Industrial S.A. | ||||||
Lawsuits, lawsuit filing date | September 15, 2017. | ||||||
Lawsuits, domicile of litigation | 1st Labor Court of Santiago. | ||||||
Lawsuits, allegations | Lawsuit to assert labor rights, seeking collection of wages owed and other amounts. | ||||||
Lawsuits, litigation status | On August 24, 2018, a judgment is issued rejecting the application in its entirety. On September 6, 2018, plaintiffs deduct an appeal for nullity before the Santiago Court of Appeals, which is still in branch. | ||||||
Lawsuits, nominal value | ThUS$1,940. | ||||||
Lawsuit fifteen [Member] | |||||||
Lawsuits, name of plaintiff | Acosta Tapia, Eloisa del Tránsito and others as successors and assigns of Araya Castillo, Raimundo del Rosario. | ||||||
Lawsuits, name of defendant | SQM Salar. | ||||||
Lawsuits, lawsuit filing date | January 19, 2018. | ||||||
Lawsuits, domicile of litigation | 2nd Labor Court of Santiago. | ||||||
Lawsuits, allegations | Lawsuit for damages for pain and suffering as a result of occupational illness. | ||||||
Lawsuits, litigation status | On October 22, the final ruling was issued, wherein the claim was denied. The plaintiff filed an appeal for annulment, which is pending with the Court of Appeals of Santiago | ||||||
Lawsuits, nominal value | ThUS$472. | ||||||
Lawsuit sixteen [Member] | |||||||
Lawsuits, name of plaintiff | Asociación Indígena Consejo Pueblos Atacameños and others. | ||||||
Lawsuits, name of defendant | Corfo, the Company, SQM Salar and SQM Potasio S.A. | ||||||
Lawsuits, lawsuit filing date | February 15, 2018. | ||||||
Lawsuits, domicile of litigation | Santiago Court of Appeals | ||||||
Lawsuits, allegations | Appeal requesting annulment of modifications to contracts signed by the defendants on January 17, 2018. | ||||||
Lawsuits, litigation status | On September 25, the Court of Appeals of Santiago rejected the appeal for protection. On October 12, the Supreme Court ordered the revision of the appeal filed by the appellants. | ||||||
Lawsuits, nominal value | Undetermined. | ||||||
Lawsuit seventeen [Member] | |||||||
Lawsuits, name of plaintiff | The Society. | ||||||
Lawsuits, name of defendant | Office of the Superintendent of the Environment (“SMA”) | ||||||
Lawsuits, lawsuit filing date | 20 July 2017 | ||||||
Lawsuits, domicile of litigation | Second Environmental Court of Santiago | ||||||
Lawsuits, allegations | Motion for review filed by the Company against ruling rejecting the compliance program for the Pampa Hermosa project. | ||||||
Lawsuits, litigation status | On August 21, 2018, the Second Environmental Court of Santiago accepted the Company’s claim and ordered the SMA to take the procedure back to the stage prior to their sentencing that rejected the compliance program. This ruling was appealed with the Supreme Court on August 8, 2018. | ||||||
Lawsuits, nominal value | Amount involved: Undetermined. | ||||||
Lawsuit eighteen [Member] | |||||||
Lawsuits, name of plaintiff | Congresspersons Claudia Nathalie Mix Jiménez, Gael Fernanda Yeomans Araya, Camila Ruslay Rojas Valderrama et al. | ||||||
Lawsuits, name of defendant | CORFO. The entity has intervened as an independent third party. | ||||||
Lawsuits, lawsuit filing date | September 6, 2018. | ||||||
Lawsuits, domicile of litigation | Special Magistrate, Mr. Alejandro Madrid Crohare. | ||||||
Lawsuits, allegations | To render null and void the contract for the Salar de Atacama Project signed between CORFO and SQM Salar. | ||||||
Lawsuits, litigation status | Pending ruling on dilatory pleas and independent third-party status of companies and subsidiaries. | ||||||
Lawsuits, nominal value | Undetermined. |
Lawsuits and complaints (Detail
Lawsuits and complaints (Details Textual) | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disclosure of lawsuits and complaints [Line Items] | |
Term at which Department of Justice agreed not to prosecute those charges against Company | 3 years |
External monitor, term | 24 months |
Aforementioned Amounts | $ 30,500,000 |
Department of Justice [Member] | |
Disclosure of lawsuits and complaints [Line Items] | |
Legal proceedings, amount agreed to pay | 15,487,500 |
Securities Exchange Commission [Member] | |
Disclosure of lawsuits and complaints [Line Items] | |
Legal proceedings, amount agreed to pay | $ 15,000,000 |
Sanction proceedings (Details T
Sanction proceedings (Details Textual) - National Geology and Mining Service [Member] | Apr. 03, 2018USD ($) |
Bottom of range [member] | |
Disclosure of sanction proceedings [Line Items] | |
Penalty under sanction proceedings | $ 10 |
Top of range [member] | |
Disclosure of sanction proceedings [Line Items] | |
Penalty under sanction proceedings | $ 10,000 |
Mineral resource exploration _2
Mineral resource exploration and evaluation expenditure (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Mineral resource exploration and evaluation expenditure [Line Items] | ||
Assets arising from exploration for and evaluation of mineral resources | $ 8,942 | |
Construction in progress | $ 207,830 | 165,054 |
Exploitation [Member] | ||
Disclosure of Mineral resource exploration and evaluation expenditure [Line Items] | ||
Assets arising from exploration for and evaluation of mineral resources | 9,791 | 5,191 |
Mt Holland [Member] | ||
Disclosure of Mineral resource exploration and evaluation expenditure [Line Items] | ||
Assets arising from exploration for and evaluation of mineral resources | 11,298 | |
Property, Plant and Equipment [Member] | ||
Disclosure of Mineral resource exploration and evaluation expenditure [Line Items] | ||
Construction in progress | 8,355 | |
Non-current assets [Member] | ||
Disclosure of Mineral resource exploration and evaluation expenditure [Line Items] | ||
Assets arising from exploration for and evaluation of mineral resources | 5,099 | 12,530 |
Current Inventories [Member] | ||
Disclosure of Mineral resource exploration and evaluation expenditure [Line Items] | ||
Assets arising from exploration for and evaluation of mineral resources | $ 2,028 | $ 521 |
Gains (losses) from operating_3
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue | $ 2,265,803 | $ 2,157,323 | $ 1,939,322 |
Specialty plant nutrition [Member] | |||
Revenue | 781,750 | 697,251 | 623,853 |
Iodine and derivatives [Member] | |||
Revenue | 324,972 | 252,123 | 231,144 |
Lithium and Derivatives [Member] | |||
Revenue | 734,801 | 644,573 | 514,627 |
Potassium [Member] | |||
Revenue | 267,474 | 379,326 | 403,323 |
Industrial chemicals [Member] | |||
Revenue | 108,268 | 135,578 | 104,137 |
Others [Member] | |||
Revenue | 48,538 | 48,472 | 62,238 |
Chile [Member] | |||
Revenue | 189,349 | 140,764 | 162,477 |
Chile [Member] | Specialty plant nutrition [Member] | |||
Revenue | 111,595 | 91,243 | 102,804 |
Chile [Member] | Iodine and derivatives [Member] | |||
Revenue | 1,052 | 1,054 | 1,319 |
Chile [Member] | Lithium and Derivatives [Member] | |||
Revenue | 700 | 802 | 500 |
Chile [Member] | Potassium [Member] | |||
Revenue | 25,593 | 20,001 | 18,940 |
Chile [Member] | Industrial chemicals [Member] | |||
Revenue | 4,575 | 2,522 | 3,398 |
Chile [Member] | Others [Member] | |||
Revenue | 45,834 | 45,942 | 60,108 |
Latin America and the Caribbean [Member] | |||
Revenue | 180,189 | 232,145 | 242,372 |
Latin America and the Caribbean [Member] | Specialty plant nutrition [Member] | |||
Revenue | 77,737 | 71,335 | 69,805 |
Latin America and the Caribbean [Member] | Iodine and derivatives [Member] | |||
Revenue | 6,390 | 5,756 | 6,136 |
Latin America and the Caribbean [Member] | Lithium and Derivatives [Member] | |||
Revenue | 3,596 | 3,109 | 3,002 |
Latin America and the Caribbean [Member] | Potassium [Member] | |||
Revenue | 80,192 | 142,610 | 154,012 |
Latin America and the Caribbean [Member] | Industrial chemicals [Member] | |||
Revenue | 12,097 | 9,180 | 9,194 |
Latin America and the Caribbean [Member] | Others [Member] | |||
Revenue | 177 | 155 | 223 |
Europe | |||
Revenue | 479,664 | 449,053 | 378,126 |
Europe | Specialty plant nutrition [Member] | |||
Revenue | 200,229 | 177,997 | 116,863 |
Europe | Iodine and derivatives [Member] | |||
Revenue | 112,080 | 81,557 | 86,095 |
Europe | Lithium and Derivatives [Member] | |||
Revenue | 103,430 | 88,443 | 77,850 |
Europe | Potassium [Member] | |||
Revenue | 46,068 | 72,405 | 82,040 |
Europe | Industrial chemicals [Member] | |||
Revenue | 17,384 | 28,346 | 14,391 |
Europe | Others [Member] | |||
Revenue | 473 | 305 | 887 |
North America | |||
Revenue | 471,515 | 441,854 | 422,238 |
North America | Specialty plant nutrition [Member] | |||
Revenue | 240,995 | 235,963 | 211,954 |
North America | Iodine and derivatives [Member] | |||
Revenue | 83,587 | 67,491 | 63,193 |
North America | Lithium and Derivatives [Member] | |||
Revenue | 68,254 | 42,918 | 41,226 |
North America | Potassium [Member] | |||
Revenue | 50,685 | 69,105 | 81,043 |
North America | Industrial chemicals [Member] | |||
Revenue | 27,347 | 25,824 | 24,485 |
North America | Others [Member] | |||
Revenue | 647 | 553 | 337 |
Asia and others [Member] | |||
Revenue | 945,086 | 872,707 | 709,517 |
Asia and others [Member] | Specialty plant nutrition [Member] | |||
Revenue | 151,194 | 120,713 | 122,427 |
Asia and others [Member] | Iodine and derivatives [Member] | |||
Revenue | 121,863 | 96,265 | 74,401 |
Asia and others [Member] | Lithium and Derivatives [Member] | |||
Revenue | 558,821 | 509,301 | 392,049 |
Asia and others [Member] | Potassium [Member] | |||
Revenue | 64,936 | 75,205 | 67,288 |
Asia and others [Member] | Industrial chemicals [Member] | |||
Revenue | 46,865 | 69,706 | 52,669 |
Asia and others [Member] | Others [Member] | |||
Revenue | $ 1,407 | $ 1,517 | $ 683 |
Gains (losses) from operating_4
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue | $ 2,265,803 | $ 2,157,323 | $ 1,939,322 |
Sodium Nitrates [Member] | |||
Revenue | 17,688 | 18,555 | 16,891 |
Specialty plant nutrition [Member] | |||
Revenue | 781,750 | 697,251 | 623,853 |
Potassium Nitrate And Sodium Potassium Nitrate [Member] | |||
Revenue | 527,945 | 474,451 | 390,964 |
Specialty Blends [Member] | |||
Revenue | 145,512 | 121,263 | 129,943 |
Other Specialty Fertilizers [Member] | |||
Revenue | 90,605 | 82,982 | 86,055 |
Iodine And Derivatives [Member] | |||
Revenue | 324,972 | 252,123 | 231,144 |
Lithium and Derivatives [Member] | |||
Revenue | 734,801 | 644,573 | 514,627 |
Potassium [Member] | |||
Revenue | 267,474 | 379,326 | 403,323 |
Industrial chemicals [Member] | |||
Revenue | 108,268 | 135,578 | 104,137 |
Commodities [Member] | |||
Revenue | 18,582 | 11,822 | 19,842 |
Other Ordinary Income Commercial Offices [Member] | |||
Revenue | 24,465 | 32,784 | 37,068 |
Other Products [Member] | |||
Revenue | 48,538 | 48,472 | 62,238 |
Income From Services [Member] | |||
Revenue | 4,017 | 3,795 | 4,122 |
Income From leasing Of Properties [Member] | |||
Revenue | $ 1,474 | $ 71 | $ 1,205 |
Gains (losses) from operating_5
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Remuneration and benefits to employees | $ (260,863) | $ (227,620) | $ (208,697) |
Raw material and supplies | (203,569) | (172,084) | (162,335) |
Depreciation expense | (212,582) | (232,275) | (271,128) |
Amortization expense | (160) | (219) | (184) |
Operating leases | (75,395) | (80,160) | (71,548) |
Investment plan expenses | (13,384) | (17,180) | (17,697) |
Contractors | (78,825) | (72,348) | (66,051) |
Mining concessions | 8,168 | 7,802 | 7,313 |
Operations transport | (64,352) | (69,052) | (59,399) |
Freight and product transport costs | 43,510 | 55,383 | 64,857 |
Purchases from third parties | (239,781) | (208,147) | (211,928) |
Insurance policies | (9,816) | (10,255) | (12,033) |
CORFO right | 182,954 | 46,274 | 41,962 |
Export costs | (84,816) | (83,057) | (105,307) |
Other expenses, by nature | (38,925) | (14,034) | (4,818) |
Total | (1,483,524) | (1,394,822) | (1,328,285) |
Cost of Sales [Member] | |||
Inventory provision variation | $ 11,600 | $ (90,998) | $ (10,774) |
Gains (losses) from operating_6
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 3) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Amounts recovered from insurance | $ 827 | $ 126 | |
Total | 32,048 | 17,827 | $ 15,202 |
Other Incomes [Member] | |||
Discounts obtained from suppliers | 705 | 345 | 771 |
Fines charged to suppliers | 698 | 199 | 358 |
Taxes recovered | 685 | 1,278 | 657 |
Amounts recovered from insurance | 443 | 154 | 5,636 |
Overestimate of provisions for third-party obligations | 375 | 586 | 573 |
Options on mining claims | 16,095 | 2,607 | 2,577 |
Easements, pipelines and roads | 10,806 | 4,656 | 219 |
Reimbursement mining licenses and notary expenses | 394 | 1,196 | 1,300 |
Shares obtained in junior mining companies | 0 | 2,263 | 421 |
Other operating income | 1,847 | 4,543 | 2,690 |
Total | $ 32,048 | $ 17,827 | $ 15,202 |
Gains (losses) from operating_7
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 4) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Remuneration and benefits to employees | $ (260,863) | $ (227,620) | $ (208,697) |
Amortization expense | (160) | (219) | (184) |
Operating leases | (75,395) | (80,160) | (71,548) |
Insurance expense | (9,816) | (10,255) | (12,033) |
Contractors | (78,825) | (72,348) | (66,051) |
Total | (118,126) | (101,171) | (88,436) |
Administrative expenses [Member] | |||
Remuneration and benefits to employees | (63,880) | (51,761) | (47,192) |
Marketing costs | (3,078) | (2,539) | (1,535) |
Amortization expense | (15) | (8) | (6) |
Entertainment Expenses | (4,805) | (4,781) | (4,022) |
Advisory services | (12,848) | (14,348) | (16,474) |
Operating leases | (4,556) | (4,097) | (4,236) |
Insurance expense | (1,758) | (1,767) | (1,732) |
Office Expenses | (8,165) | (5,357) | (5,182) |
Contractors | (5,730) | (4,805) | (4,329) |
Other expenses, by nature | (13,291) | (11,708) | (3,728) |
Total | $ (118,126) | $ (101,171) | $ (88,436) |
Gains (losses) from operating_8
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 5) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Depreciation and amortization expense | |||
Depreciation of assets not in use | $ (212,582) | $ (232,275) | $ (271,128) |
Sub total | (221,499) | (240,526) | (249,792) |
Impairment losses (reversals of impairment losses) recognized in profit (loss) for the year | |||
Amortization expense intangible | (160) | (219) | (184) |
Other expenses, by nature | |||
Investment plan expenses | (13,384) | (17,180) | (17,697) |
Sub total | (1,638,557) | (1,549,593) | (1,499,254) |
Total | (36,907) | (53,600) | (82,533) |
Other expenses by function [Member] | |||
Depreciation and amortization expense | |||
Depreciation of assets not in use | (59) | (90) | (111) |
Sub total | (59) | (90) | (111) |
Impairment losses (reversals of impairment losses) recognized in profit (loss) for the year | |||
Amortization expense intangible | (1,649) | 0 | 0 |
Sub total | (1,649) | 0 | 0 |
Other expenses, by nature | |||
Legal expenses | (15,139) | (25,176) | (5,737) |
VAT and other unrecoverable taxes | (1,187) | (1,295) | (1,015) |
Fines paid | (965) | (1,112) | (31,867) |
Investment plan expenses | (13,419) | (10,006) | (6,657) |
Donations not accepted as tax credit | (4,502) | (5,527) | (1,692) |
Reorganization of related businesses | 6,000 | (6,000) | 0 |
Expenses to cease operations | 0 | 0 | (32,061) |
Other operating expenses | (7,636) | (4,394) | (3,393) |
Sub total | (35,199) | (53,510) | (82,422) |
Total | $ (36,907) | $ (53,600) | $ (82,533) |
Gains (losses) from operating_9
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 6) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Total | $ 6,404 | $ 543 | $ 679 | |
Gains on disposals of investments | $ 14,507 | |||
Other income expenses [Member] | ||||
Adjust previous year application method of participation | (664) | 500 | (721) | |
Impairment of interests in joint ventures | (8,802) | 0 | 0 | |
Sales of investments | 13,748 | 0 | 7,636 | |
Others | 2,122 | 43 | (6,236) | |
Total | $ 6,404 | $ 543 | $ 679 |
Gains (losses) from operatin_10
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 7) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9 | $ (2,967) | $ 8,038 | $ 7,198 |
Investments In Associates [Member] | |||
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9 | $ 2,967 | $ (8,038) | $ (7,198) |
Gains (losses) from operatin_11
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 8) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Raw materials and consumables | $ (260,863) | $ (227,620) | $ (208,697) | |
Classes of Employee Benefit Expenses | ||||
Personnel expenses | (260,863) | (227,620) | (208,697) | |
Depreciation and amortization expense | ||||
Depreciation expense | 212,582 | 232,275 | 271,128 | |
Amortization expense | (160) | (219) | (184) | |
Operating leases | (79,951) | (84,257) | (75,784) | |
Investment plan expenses | 13,384 | 17,180 | 17,697 | |
Contractors | (86,313) | (78,920) | (72,112) | |
Mining concessions | (8,168) | (7,802) | (7,313) | |
Operations transport | (64,352) | (69,052) | (59,399) | |
Freight and product transport costs | (43,510) | (55,383) | (64,857) | |
Purchase of products from third parties | 239,781 | 208,147 | 211,928 | |
CORFO rights | (182,954) | (46,274) | (41,962) | |
Export costs | 84,816 | 83,057 | 105,307 | |
Other expenses, by nature | (38,925) | (14,034) | (4,818) | |
Other expenses by nature | (1,638,557) | (1,549,593) | (1,499,254) | |
Other expenses by nature [Member] | ||||
Depreciation and amortization expense | ||||
Legal expenses | $ (25,176) | (15,139) | (5,737) | |
Purchase of products from third parties | (208,147) | (239,781) | (211,928) | |
Office Expenses | (15,612) | (17,981) | (17,215) | |
Export costs | (83,057) | (84,816) | (105,307) | |
Representation Expenses | (4,781) | (4,805) | (4,022) | |
Restructuring of joint ventures | (6,000) | 6,000 | 0 | |
Plant suspension expenses | 0 | $ 0 | (32,061) | |
Consultant and advisor services | (14,348) | (12,848) | (16,474) | |
Variation in inventory | $ (90,998) | $ 11,600 | $ (10,774) |
Gains (losses) from operatin_12
Gains (losses) from operating activities in the statement of income by function of expenses, included according to their nature (Details 9) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest expense from bank borrowings and overdrafts | $ (1,707) | $ (1,650) | $ (1,847) | |
Interest expense from bonds | (55,887) | (49,373) | (55,563) | |
Interest expense from loans | (3,093) | (2,002) | (4,419) | |
Capitalized interest expenses | 5,021 | 4,382 | 5,406 | |
Financial Expenses For Site Closure | (960) | 0 | 0 | |
Other finance costs | (3,288) | (1,481) | (1,075) | |
Total | $ (50,124) | $ (59,914) | $ (50,124) | $ (57,498) |
Reportable segments (Details)
Reportable segments (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue | $ 2,265,803 | $ 2,157,323 | $ 1,939,322 | |
Cost of sales | (1,483,524) | (1,394,822) | (1,328,285) | |
Administrative expenses | (118,126) | (101,171) | (88,436) | |
Interest Expense | $ (50,124) | (59,914) | (50,124) | (57,498) |
Depreciation and amortisation expense | (221,499) | (240,526) | (249,792) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 6,351 | 14,452 | 13,047 | |
Income tax expense, continuing operations | 178,975 | 166,173 | 132,965 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 621,038 | 594,590 | 414,889 | |
Net income (loss) from continuing operations | 442,063 | 428,417 | 281,924 | |
Net Income (Loss) | 442,063 | 428,417 | 281,924 | |
Assets | 4,268,094 | 4,296,236 | 4,217,980 | |
Equity-accounted investees | 111,549 | 152,630 | 133,140 | |
Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts | (17,131) | (42,879) | ||
Increase of non-current assets | 0 | (107,268) | ||
Liabilities | 2,130,292 | 2,048,768 | 1,910,708 | |
Impairment loss recognized in profit or loss | (4,294) | (31,899) | (40,544) | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 2,907 | |
Cash flows from (used in) operating activities | 524,839 | 758,272 | 633,662 | |
Cash flows from (used in) investing activities | (187,004) | (248,067) | 162,386 | |
Cash flows from (used in) financing activities | (387,313) | (411,920) | (816,410) | |
Operating Segments [Member] | ||||
Revenue | 2,265,803 | 2,157,323 | 1,939,322 | |
Cost of sales | (1,483,524) | (1,394,822) | (1,328,285) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (221,499) | (240,526) | (249,681) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 782,279 | 762,501 | 611,037 | |
Net income (loss) from continuing operations | 782,279 | 762,501 | 611,037 | |
Net Income (Loss) | 782,279 | 762,501 | 611,037 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (7,279) | (17,583) | (949) | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 2,907 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Unallocated amounts [member] | ||||
Revenue | 0 | 0 | ||
Cost of sales | 0 | 0 | ||
Administrative expenses | (118,126) | (101,171) | (88,436) | |
Interest Expense | (59,914) | (50,124) | (57,498) | |
Depreciation and amortisation expense | 0 | (111) | ||
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 6,351 | 14,452 | 13,047 | |
Income tax expense, continuing operations | (178,975) | (166,173) | (132,965) | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | (161,241) | (167,911) | (196,148) | |
Net income (loss) from continuing operations | (340,216) | (334,084) | (329,113) | |
Net Income (Loss) | (340,216) | (334,084) | (329,113) | |
Assets | 4,268,094 | 4,296,236 | 4,217,980 | |
Equity-accounted investees | 111,549 | 152,630 | 133,140 | |
Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts | (15,028) | 0 | ||
Increase of non-current assets | 0 | (107,268) | ||
Liabilities | 2,130,291 | 2,048,768 | 1,910,708 | |
Impairment loss recognized in profit or loss | 2,985 | (14,316) | (39,595) | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 0 | |
Cash flows from (used in) operating activities | 5,241,839 | 758,272 | ||
Cash flows from (used in) investing activities | (187,004) | (248,067) | ||
Cash flows from (used in) financing activities | (387,313) | (411,920) | ||
Specialty plant nutrients [Member] | ||||
Revenue | 781,750 | 697,251 | 623,853 | |
Cost of sales | (613,267) | (555,356) | (478,074) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (73,073) | (73,702) | (89,864) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 168,483 | 141,895 | 145,779 | |
Net income (loss) from continuing operations | 168,483 | 141,895 | 145,779 | |
Net Income (Loss) | 168,483 | 141,895 | 145,779 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (2,227) | (15,025) | 0 | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 133 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Iodine and its derivatives [Member] | ||||
Revenue | 324,972 | 252,123 | 231,144 | |
Cost of sales | (217,464) | (199,808) | (191,298) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (45,280) | (44,252) | (35,958) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 107,508 | 52,315 | 39,846 | |
Net income (loss) from continuing operations | 107,508 | 52,315 | 39,846 | |
Net Income (Loss) | 107,508 | 52,315 | 39,846 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (1,171) | 335 | 0 | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 325 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Lithium and its derivatives [Member] | ||||
Revenue | 734,801 | 644,573 | 514,627 | |
Cost of sales | (316,875) | (189,242) | (175,616) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (44,837) | (18,036) | (33,010) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 417,926 | 455,331 | 339,011 | |
Net income (loss) from continuing operations | 417,926 | 455,331 | 339,011 | |
Net Income (Loss) | 417,926 | 455,331 | 339,011 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (243) | 1,112 | (251) | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 0 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Industrial chemicals [Member] | ||||
Revenue | 108,268 | 135,578 | 104,137 | |
Cost of sales | (72,964) | (91,753) | (67,378) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (16,041) | (16,050) | (12,666) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 35,304 | 43,825 | 36,759 | |
Net income (loss) from continuing operations | 35,304 | 43,825 | 36,759 | |
Net Income (Loss) | 35,304 | 43,825 | 36,759 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (79) | (3,546) | 0 | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 233 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Potassium [Member] | ||||
Revenue | 267,474 | 379,326 | 403,323 | |
Cost of sales | (217,386) | (313,690) | (359,477) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (41,891) | (88,130) | (67,571) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 50,088 | 65,636 | 43,846 | |
Net income (loss) from continuing operations | 50,088 | 65,636 | 43,846 | |
Net Income (Loss) | 50,088 | 65,636 | 43,846 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (3,006) | (240) | 0 | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 2,216 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Other products and services [Member] | ||||
Revenue | 48,538 | 48,472 | 62,238 | |
Cost of sales | (45,568) | (44,973) | (56,442) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (377) | (356) | (10,612) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 2,970 | 3,499 | 5,796 | |
Net income (loss) from continuing operations | 2,970 | 3,499 | 5,796 | |
Net Income (Loss) | 2,970 | 3,499 | 5,796 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (553) | (219) | (698) | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 0 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Reportable segments [member] | ||||
Revenue | 2,265,803 | 2,157,323 | 1,939,322 | |
Cost of sales | (1,483,524) | (1,394,822) | (1,328,285) | |
Administrative expenses | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation and amortisation expense | (221,499) | (240,526) | (249,681) | |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 | |
Income tax expense, continuing operations | 0 | 0 | 0 | |
Other items other than significant cash | 0 | |||
Income (loss) before taxes | 782,279 | 762,501 | 611,037 | |
Net income (loss) from continuing operations | 782,279 | 762,501 | 611,037 | |
Net Income (Loss) | 782,279 | 762,501 | 611,037 | |
Assets | 0 | 0 | 0 | |
Equity-accounted investees | 0 | 0 | 0 | |
Increase of non-current assets | 0 | 0 | 0 | |
Liabilities | 0 | 0 | 0 | |
Impairment loss recognized in profit or loss | (7,279) | (17,583) | (949) | |
Reversal of impairment losses recognized in profit or loss for the period | 0 | 0 | 2,907 | |
Cash flows from (used in) operating activities | 0 | 0 | ||
Cash flows from (used in) investing activities | 0 | 0 | ||
Cash flows from (used in) financing activities | 0 | 0 | ||
Parent [Member] | ||||
Assets | 3,737,892 | 3,658,528 | ||
Liabilities | 1,652,401 | 1,470,707 | ||
Parent [Member] | Operating Segments [Member] | ||||
Revenue | 2,265,803 | 2,157,323 | 1,939,322 | |
Parent [Member] | Unallocated amounts [member] | ||||
Revenue | 0 | 0 | ||
Parent [Member] | Specialty plant nutrients [Member] | ||||
Revenue | 781,750 | 697,251 | 623,853 | |
Parent [Member] | Iodine and its derivatives [Member] | ||||
Revenue | 324,972 | 252,123 | 231,144 | |
Parent [Member] | Lithium and its derivatives [Member] | ||||
Revenue | 734,801 | 644,573 | 514,627 | |
Parent [Member] | Industrial chemicals [Member] | ||||
Revenue | 108,268 | 135,578 | 104,137 | |
Parent [Member] | Potassium [Member] | ||||
Revenue | 267,474 | 379,326 | 403,323 | |
Parent [Member] | Other products and services [Member] | ||||
Revenue | 48,538 | 48,472 | 62,238 | |
Parent [Member] | Reportable segments [member] | ||||
Revenue | 2,265,803 | 2,157,323 | 1,939,322 | |
Other Operating Segment [Member] | Operating Segments [Member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Unallocated amounts [member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Specialty plant nutrients [Member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Iodine and its derivatives [Member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Lithium and its derivatives [Member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Industrial chemicals [Member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Potassium [Member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Other products and services [Member] | ||||
Revenue | 0 | 0 | 0 | |
Other Operating Segment [Member] | Reportable segments [member] | ||||
Revenue | $ 0 | $ 0 | $ 0 |
Reportable segments (Details 1)
Reportable segments (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue | $ 2,265,803 | $ 2,157,323 | $ 1,939,322 |
Cost of sales | (1,483,524) | (1,394,822) | (1,328,285) |
Gross profit | 782,279 | 762,501 | 611,037 |
Other incomes by function | 32,048 | 17,827 | 15,202 |
Administrative expenses | (118,126) | (101,171) | (88,436) |
Other expenses by function | (36,907) | (53,600) | (82,533) |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 2,967 | (8,038) | (7,198) |
Other gains (losses) | 6,404 | 543 | 679 |
Financial income | 22,533 | 13,499 | 10,129 |
Finance costs | (59,914) | (50,124) | (57,498) |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 6,351 | 14,452 | 13,047 |
Exchange differences | (16,597) | (1,299) | 460 |
Profit (loss) before taxes | 621,038 | 594,590 | 414,889 |
Income tax expense | 178,975 | 166,173 | 132,965 |
Profit (loss) from continuing operations | 442,063 | 428,417 | 281,924 |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | 442,063 | 428,417 | 281,924 |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 439,830 | 427,697 | 278,290 |
Profit (loss) attributable to the non-controllers | 2,233 | 720 | 3,634 |
Specialty plant nutrients [Member] | |||
Revenue | 781,750 | 697,251 | 623,853 |
Cost of sales | (613,267) | (555,356) | (478,074) |
Gross profit | 168,483 | 141,895 | 145,779 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 0 | 0 | 0 |
Other gains (losses) | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 |
Profit (loss) before taxes | 168,483 | 141,895 | 145,779 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) from continuing operations | 168,483 | 141,895 | 145,779 |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | 168,483 | 141,895 | 145,779 |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 0 | 0 | 0 |
Profit (loss) attributable to the non-controllers | 0 | 0 | 0 |
Iodine and its derivatives [Member] | |||
Revenue | 324,972 | 252,123 | 231,144 |
Cost of sales | (217,464) | (199,808) | (191,298) |
Gross profit | 107,508 | 52,315 | 39,846 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 0 | 0 | 0 |
Other gains (losses) | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 |
Profit (loss) before taxes | 107,508 | 52,315 | 39,846 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) from continuing operations | 107,508 | 52,315 | 39,846 |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | 107,508 | 52,315 | 39,846 |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 0 | 0 | 0 |
Profit (loss) attributable to the non-controllers | 0 | 0 | 0 |
Lithium and its derivatives [Member] | |||
Revenue | 734,801 | 644,573 | 514,627 |
Cost of sales | (316,875) | (189,242) | (175,616) |
Gross profit | 417,926 | 455,331 | 339,011 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 0 | 0 | 0 |
Other gains (losses) | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 |
Profit (loss) before taxes | 417,926 | 455,331 | 339,011 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) from continuing operations | 417,926 | 455,331 | 339,011 |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | 417,926 | 455,331 | 339,011 |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 0 | 0 | 0 |
Profit (loss) attributable to the non-controllers | 0 | 0 | 0 |
Industrial chemicals [Member] | |||
Revenue | 108,268 | 135,578 | 104,137 |
Cost of sales | (72,964) | (91,753) | (67,378) |
Gross profit | 35,304 | 43,825 | 36,759 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 0 | 0 | 0 |
Other gains (losses) | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 |
Profit (loss) before taxes | 35,304 | 43,825 | 36,759 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) from continuing operations | 35,304 | 43,825 | 36,759 |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | 35,304 | 43,825 | 36,759 |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 0 | 0 | 0 |
Profit (loss) attributable to the non-controllers | 0 | 0 | 0 |
Potassium [Member] | |||
Revenue | 267,474 | 379,326 | 403,323 |
Cost of sales | (217,386) | (313,690) | (359,477) |
Gross profit | 50,088 | 65,636 | 43,846 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 0 | 0 | 0 |
Other gains (losses) | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 |
Profit (loss) before taxes | 50,088 | 65,636 | 43,846 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) from continuing operations | 50,088 | 65,636 | 43,846 |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | 50,088 | 65,636 | 43,846 |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 0 | 0 | 0 |
Profit (loss) attributable to the non-controllers | 0 | 0 | 0 |
Other products and services [Member] | |||
Revenue | 48,538 | 48,472 | 62,238 |
Cost of sales | (45,568) | (44,973) | (56,442) |
Gross profit | 2,970 | 3,499 | 5,796 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 0 | 0 | 0 |
Other gains (losses) | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 |
Profit (loss) before taxes | 2,970 | 3,499 | 5,796 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) from continuing operations | 2,970 | 3,499 | 5,796 |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | 2,970 | 3,499 | 5,796 |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 0 | 0 | 0 |
Profit (loss) attributable to the non-controllers | 0 | 0 | 0 |
Corporate unit [Member] | |||
Revenue | 0 | 0 | 0 |
Cost of sales | 0 | 0 | 0 |
Gross profit | 0 | 0 | 0 |
Other incomes by function | 32,048 | 17,827 | 15,202 |
Administrative expenses | (118,126) | (101,171) | (88,436) |
Other expenses by function | (36,907) | (53,600) | (82,533) |
Deterioro de valor de ganancias y revisión de pérdidas por deterioro de valor (pérdidas por deterioro de valor) determinado de acuerdo con la NIIF 9 | 2,967 | (8,038) | 7,198 |
Other gains (losses) | 6,404 | 543 | 679 |
Financial income | 22,533 | 13,499 | 10,129 |
Finance costs | (59,914) | (50,124) | (57,498) |
interest in the profit or loss of associates and joint ventures accounted for by the equity method | 6,351 | 14,452 | 13,047 |
Exchange differences | (16,597) | (1,299) | 460 |
Profit (loss) before taxes | (161,241) | (167,911) | (196,148) |
Income tax expense | (178,975) | (166,173) | (132,965) |
Profit (loss) from continuing operations | (340,216) | (334,084) | (329,113) |
Profit (loss) from discontinued operations | 0 | 0 | 0 |
Profit (loss) | (340,216) | (334,084) | (329,113) |
Profit (loss), attributable to [abstract] | |||
Profit (loss) attributable to the controller´s owners | 0 | 0 | 0 |
Profit (loss) attributable to the non-controllers | $ 0 | $ 0 | $ 0 |
Reportable segments (Details 2)
Reportable segments (Details 2) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | |
Revenue | $ 2,265,803 | $ 2,157,323 | $ 1,939,322 | |
Investments accounted for using equity method | 111,549 | 152,630 | 133,140 | |
Intangible assets other than goodwill | 188,283 | 113,787 | 109,439 | |
Goodwill | 34,718 | 37,972 | 37,972 | $ 37,972 |
Property, plant and equipment | 1,454,823 | 1,429,354 | 1,532,710 | |
Investment property | 0 | 0 | 0 | |
Other non-current assets | 27,540 | 19,262 | 24,690 | |
Non-current assets that are not financial instruments | 1,816,913 | 1,759,210 | 1,820,007 | |
Chile [Member] | ||||
Revenue | 189,349 | 140,764 | 162,477 | |
Investments accounted for using equity method | (6,588) | (5,513) | 0 | |
Intangible assets other than goodwill | 110,544 | 113,152 | 109,227 | |
Goodwill | 22,535 | 23,731 | 23,731 | |
Property, plant and equipment | 1,445,349 | 1,421,141 | 1,526,992 | |
Investment property | 0 | 0 | 0 | |
Other non-current assets | 17,111 | 19,234 | 24,551 | |
Non-current assets that are not financial instruments | 1,588,951 | 1,571,745 | 1,684,501 | |
Latin America and the Caribbean [Member] | ||||
Revenue | 180,189 | 228,759 | 240,607 | |
Investments accounted for using equity method | 0 | 33,065 | 5,000 | |
Intangible assets other than goodwill | 0 | 0 | 0 | |
Goodwill | 86 | 6,290 | 86 | |
Property, plant and equipment | 347 | 313 | 234 | |
Investment property | 0 | 0 | 0 | |
Other non-current assets | 23 | 28 | 139 | |
Non-current assets that are not financial instruments | 456 | 39,696 | 5,459 | |
Europe [Member] | ||||
Revenue | 479,664 | 1,048,556 | 411,807 | |
Investments accounted for using equity method | 61,256 | 33,318 | 25,009 | |
Intangible assets other than goodwill | 386 | 453 | 0 | |
Goodwill | 11,373 | 11,374 | 11,373 | |
Property, plant and equipment | 4,451 | 3,857 | 3,521 | |
Investment property | 0 | 0 | 0 | |
Other non-current assets | 0 | 0 | 0 | |
Non-current assets that are not financial instruments | 77,466 | 49,002 | 39,903 | |
North America [Member] | ||||
Revenue | 471,515 | 441,377 | 416,380 | |
Investments accounted for using equity method | 16,115 | 15,193 | 13,456 | |
Intangible assets other than goodwill | 152 | 182 | 211 | |
Goodwill | 724 | 724 | 724 | |
Property, plant and equipment | 3,098 | 2,469 | 2,536 | |
Investment property | 0 | 0 | 0 | |
Other non-current assets | (892) | 0 | 0 | |
Non-current assets that are not financial instruments | 19,197 | 18,568 | 16,927 | |
Asia and others [Member] | ||||
Revenue | 945,086 | 297,867 | 708,051 | |
Investments accounted for using equity method | 40,766 | 76,567 | 69,675 | |
Intangible assets other than goodwill | 77,201 | 0 | 1 | |
Goodwill | 0 | 2,058 | 2,058 | |
Property, plant and equipment | 1,578 | 1,574 | 1,483 | |
Investment property | 0 | 0 | 0 | |
Other non-current assets | 11,298 | 0 | 0 | |
Non-current assets that are not financial instruments | $ 130,843 | $ 80,199 | $ 73,217 |
Borrowing costs (Details)
Borrowing costs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Borrowing costs [abstract] | ||
Capitalization rate of costs for capitalized interest, property, plant and equipment | 4.00% | 4.00% |
Amount of costs for interest capitalized in ThUS$ | $ 5,021 | $ 4,382 |
Borrowing costs (Details Textua
Borrowing costs (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2017 | |
Borrowing costs [abstract] | ||
Interest Costs Incurred | $ 59,914 | $ 50,124 |
Effect of fluctuations in for_3
Effect of fluctuations in foreign currency exchange rates (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Conversion foreign exchange gains (losses) recognized in the result of the year. | $ (16,597) | $ (1,299) | $ 460 |
Gains (losses) on exchange differences on translation, before tax | (1,219) | (5,446) | (2,252) |
Equity attributable to owners of parent [member] | |||
Gains (losses) on exchange differences on translation, before tax | (1,394) | (5,450) | (5,428) |
Non-controlling interests [member] | |||
Gains (losses) on exchange differences on translation, before tax | $ 168 | $ 4 | $ 35 |
Effect of fluctuations in for_4
Effect of fluctuations in foreign currency exchange rates (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Other reserves [abstract] | |||
Reserve of exchange differences on translation | $ (26,307) | $ (24,913) | $ (19,463) |
Comercial Hydro S.A. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | 1,004 | 1,004 | 1,004 |
SQMC Internacional Ltda. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (17) | (2) | (13) |
Proinsa Ltda. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (11) | (7) | (10) |
Comercial Agrorama Ltda. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (21) | (44) | (69) |
Isapre Norte Grande Ltda. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (1) | (74) | (124) |
Almacenes y Depositos Ltda. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | 113 | 97 | 47 |
Sacal S.A. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (3) | 0 | (29) |
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (10) | 0 | (6) |
Agrorama S.A. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | 132 | (98) | (49) |
Doktor Tarsa [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (13,811) | (14,447) | (12,264) |
SQM Vitas Fzco. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (2,682) | (1,779) | (1,801) |
Ajay Europe [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (1,270) | (831) | (1,935) |
SQM Eastmed Turkey [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (113) | (92) | (95) |
Charlee SQM Thailand Co. Ltd. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | 0 | (285) | (460) |
Coromandel SQM India [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (393) | (234) | (282) |
SQM Italia SRL [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (213) | (154) | (287) |
SQM Oceania Pty Limited [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (634) | (634) | (634) |
SQM Indonesia S.A. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (124) | (124) | (124) |
Abu Dhabi Fertilizers Industries WWL [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (435) | (435) | (434) |
SQM Vitas Holland [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (170) | (101) | (280) |
SQM Thailand Limited [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (68) | (68) | (68) |
SQM Europe N.V. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (1,983) | (1,550) | (1,550) |
Minera Exar S.A. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | 0 | (5,209) | 0 |
SQM Australia Pty Ltd [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (4,222) | 154 | 0 |
Pavoni C Spa [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | 70 | 0 | 0 |
Terra Tarsa B.V.. [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (82) | 0 | 0 |
Plantacote N.V [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (34) | 0 | 0 |
Doktolab Tarim Arastima San [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (29) | 0 | 0 |
Kore Potash PLC [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | (1,206) | 0 | 0 |
SQM Colombia SAS [Member] | |||
Other reserves [abstract] | |||
Reserve of exchange differences on translation | $ (94) | $ 0 | $ 0 |
Disclosures on the effects of_3
Disclosures on the effects of fluctuations in foreign currency exchange rates (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | Turkish Lira | [1] |
Assets held in foreign currency | $ 544,152 | $ 365,226 | |
Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 468,045 | 289,759 | |
Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 76,107 | 75,467 | |
Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 202,392 | 17,711 | |
Other current financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency |   | ||
Assets held in foreign currency | $ 20,931 | 39,126 | |
Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency |   | ||
Assets held in foreign currency | $ 28,449 | 17,183 | |
Other current non-financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 92 | 62 | |
Trade and other receivables [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency |   | ||
Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | GBP | ||
Assets held in foreign currency | $ 211,091 | 213,375 | |
Receivables from related parties [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency |   | ||
Receivables from related parties [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 105 | 132 | |
Current tax assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 5,077 | 2,232 | |
Other non-current non-financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 781 | 849 | |
Non-current right receivable [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 2,136 | 1,512 | |
Equity accounted investees [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 69,626 | 69,422 | |
Intangible assets other than goodwill [member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 85 | 48 | |
Property, Plant and Equipment [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 3,387 | 3,574 | |
ARS | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ARS | ||
Assets held in foreign currency | $ 2 | 1 | |
ARS | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ARS | ||
Assets held in foreign currency | $ 2 | 0 | |
ARS | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ARS | ||
Assets held in foreign currency | $ 0 | 6 | |
ARS | Current tax assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ARS | ||
Assets held in foreign currency | $ 2 | 4 | |
BRL | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Assets held in foreign currency | $ 0 | 38 | |
BRL | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Assets held in foreign currency | $ 0 | 1 | |
BRL | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Assets held in foreign currency | $ 20 | 23 | |
BRL | Other non-current non-financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 23 | 27 | |
BRL | Other non current financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
CLF | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 47 | 46 | |
CLF | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | 453 | 427 | |
CLF | Non-current right receivable [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 329 | 209 | |
CLP | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 157,500 | 579 | |
CLP | Other current financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 20,931 | 39,126 | |
CLP | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 20,276 | 12,172 | |
CLP | Other current non-financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 20 | 20 | |
CLP | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 71,730 | 85,837 | |
CLP | Current tax assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 601 | 1,413 | |
CLP | Other non-current non-financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 758 | 822 | |
CLP | Non-current right receivable [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 1,807 | 1,256 | |
CLP | Intangible assets other than goodwill [member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 85 | 48 | |
CLP | Property, Plant and Equipment [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Assets held in foreign currency | $ 3,387 | 3,574 | |
CLP | Other non current financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
CNY | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CNY | ||
Assets held in foreign currency | $ 2,305 | 1,143 | |
CNY | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CNY | ||
Assets held in foreign currency | $ 8 | 12 | |
CNY | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CNY | ||
Assets held in foreign currency | $ 11,361 | 10,426 | |
EUR | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Assets held in foreign currency | $ 4,738 | 9,782 | |
EUR | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Assets held in foreign currency | $ 3,153 | 235 | |
EUR | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Assets held in foreign currency | $ 31,426 | 49,627 | |
EUR | Receivables from related parties [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Assets held in foreign currency | $ 105 | 58 | |
EUR | Current tax assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Assets held in foreign currency | $ 3,500 | 183 | |
EUR | Equity accounted investees [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Assets held in foreign currency | $ 14,929 | 8,144 | |
GBP | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | GBP | ||
Assets held in foreign currency | $ 0 | 55 | |
GBP | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLF | ||
GBP | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLF | ||
Assets held in foreign currency | $ 0 | 90 | |
GBP | Non-current right receivable [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLF | ||
AUD | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | AUD | ||
Assets held in foreign currency | $ 29,598 | 0 | |
AUD | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | AUD | ||
Assets held in foreign currency | $ 102 | 0 | |
AUD | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | AED | ||
INR | Equity accounted investees [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | INR | ||
Assets held in foreign currency | $ 1,729 | 1,632 | |
MXN | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | ||
Assets held in foreign currency | $ 1,242 | 258 | |
MXN | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | ||
Assets held in foreign currency | $ 3,274 | 1,429 | |
MXN | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | ||
Assets held in foreign currency | $ 452 | 195 | |
MXN | Current tax assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | ||
Assets held in foreign currency | $ 843 | 0 | |
PEN | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | PEN | ||
Assets held in foreign currency | $ 1 | 8 | |
PEN | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | PEN | ||
Assets held in foreign currency | $ 0 | 20 | |
PEN | Current tax assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | PEN | ||
Assets held in foreign currency | $ 131 | 201 | |
YEN | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | YEN | ||
Assets held in foreign currency | $ 1,786 | 1,773 | |
YEN | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | YEN | ||
Assets held in foreign currency | $ 21 | 18 | |
YEN | Other current non-financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 72 | 42 | |
YEN | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | YEN | ||
Assets held in foreign currency | $ 76,267 | 41,582 | |
YEN | Other non current financial assets [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | YEN | ||
ZAR | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ZAR | ||
Assets held in foreign currency | $ 5,219 | 4,074 | |
ZAR | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ZAR | ||
Assets held in foreign currency | $ 1,547 | 2,941 | |
ZAR | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ZAR | ||
Assets held in foreign currency | $ 571 | 23,825 | |
ZAR | Current tax assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ZAR | ||
Assets held in foreign currency | $ 0 | 431 | |
Colombia, Pesos | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | COP | ||
Assets held in foreign currency | $ 0 | 30 | |
Colombia, Pesos | Non-current right receivable [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | COP | ||
Assets held in foreign currency | $ 0 | 47 | |
Thailand, Baht | Cash and Cash Equivalents [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | THB | ||
Assets held in foreign currency | $ 1 | 0 | |
Thailand, Baht | Other current non-financial assets [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | THB | ||
Assets held in foreign currency | $ 19 | 279 | |
Thailand, Baht | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | THB | ||
Assets held in foreign currency | $ 2,970 | 791 | |
Thailand, Baht | Receivables from related parties [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | THB | ||
Assets held in foreign currency | $ 0 | 74 | |
Thailand, Baht | Equity accounted investees [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | THB | ||
Assets held in foreign currency | $ 53 | 2,491 | |
United Arab Emirates, Dirhams | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | AED | ||
United Arab Emirates, Dirhams | Trade and other receivables [Member] | Current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 15,841 | 546 | |
United Arab Emirates, Dirhams | Equity accounted investees [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Assets held in foreign currency | $ 31,023 | 35,414 | |
Turkey, New Lira | Equity accounted investees [Member] | Non-current assets [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | TRY | ||
Assets held in foreign currency | $ 21,892 | $ 21,741 | |
[1] | These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. |
Disclosures on the effects of_4
Disclosures on the effects of fluctuations in foreign currency exchange rates (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | Turkish Lira | [1] |
Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 137,125 | $ 125,573 | |
Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 454,685 | 238,571 | |
Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 6,650 | 4,947 | |
Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 1,027 | 1,074 | |
Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 108,177 | 101,264 | |
Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 5,800 | 4,317 | |
Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 15,471 | 13,971 | |
Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 867 | 1,292 | |
Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 453,818 | 237,279 | |
Up to 90 days [member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 123,023 | 115,215 | |
Up to 90 days [member] | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 394 | 4,947 | |
Up to 90 days [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 950 | 982 | |
Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 108,177 | 96,903 | |
Up to 90 days [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 4,548 | 270 | |
Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 8,954 | 12,113 | |
Later than three months and not later than one year [member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 14,102 | 10,358 | |
Later than three months and not later than one year [member] | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 6,256 | 0 | |
Later than three months and not later than one year [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 77 | 92 | |
Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 4,361 | |
Later than three months and not later than one year [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 1,252 | 4,047 | |
Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 6,517 | 1,858 | |
Over 1 year to 2 [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 1 year to 2 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 1 year to 2 [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 2 years to 3 [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 2 years to 3 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 2 years to 3 [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 3 years to 4 [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 3 years to 4 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 3 years to 4 [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Over 5 years [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 454,685 | 238,571 | |
Over 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 867 | 1,292 | |
Over 5 years [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 453,818 | 237,279 | |
4 to 5 years [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
4 to 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
4 to 5 years [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Unidad de Fomento (funds code) | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLF | ||
Liabilities held in foreign currencies | $ 6,598 | $ 4,947 | |
Unidad de Fomento (funds code) | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLF | CLF | |
Liabilities held in foreign currencies | $ 453,818 | $ 237,279 | |
Unidad de Fomento (funds code) | Up to 90 days [member] | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 342 | 4,947 | |
Unidad de Fomento (funds code) | Later than three months and not later than one year [member] | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 6,256 | 0 | |
Unidad de Fomento (funds code) | Over 1 year to 2 [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Unidad de Fomento (funds code) | Over 2 years to 3 [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Unidad de Fomento (funds code) | Over 3 years to 4 [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Unidad de Fomento (funds code) | Over 5 years [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 453,818 | 237,279 | |
Unidad de Fomento (funds code) | 4 to 5 years [member] | Other non current financial liabilities [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Chile, Pesos | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Liabilities held in foreign currencies | $ 64 | 80 | |
Chile, Pesos | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Liabilities held in foreign currencies | $ 69,789 | 65,671 | |
Chile, Pesos | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Liabilities held in foreign currencies | $ 31 | 326 | |
Chile, Pesos | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | ||
Liabilities held in foreign currencies | $ 14,134 | $ 10,532 | |
Chile, Pesos | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CLP | CLP | |
Liabilities held in foreign currencies | $ 521 | $ 601 | |
Chile, Pesos | Up to 90 days [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Chile, Pesos | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 69,789 | 61,310 | |
Chile, Pesos | Up to 90 days [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Chile, Pesos | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 7,703 | 8,708 | |
Chile, Pesos | Later than three months and not later than one year [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 64 | 80 | |
Chile, Pesos | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 4,361 | |
Chile, Pesos | Later than three months and not later than one year [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 31 | 326 | |
Chile, Pesos | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 6,431 | 1,824 | |
Chile, Pesos | Over 1 year to 2 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Chile, Pesos | Over 2 years to 3 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Chile, Pesos | Over 3 years to 4 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Chile, Pesos | Over 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 521 | 601 | |
Chile, Pesos | 4 to 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Brazil, Brazil Real | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Liabilities held in foreign currencies | $ 52 | 0 | |
Brazil, Brazil Real | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Liabilities held in foreign currencies | $ 707 | 739 | |
Brazil, Brazil Real | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Liabilities held in foreign currencies | $ 34 | 37 | |
Brazil, Brazil Real | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Liabilities held in foreign currencies | $ 3 | 6 | |
Brazil, Brazil Real | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | BRL | ||
Liabilities held in foreign currencies | $ 3 | 15 | |
Brazil, Brazil Real | Up to 90 days [member] | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 52 | 0 | |
Brazil, Brazil Real | Up to 90 days [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 707 | 739 | |
Brazil, Brazil Real | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 34 | 37 | |
Brazil, Brazil Real | Up to 90 days [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Brazil, Brazil Real | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 3 | 15 | |
Brazil, Brazil Real | Later than three months and not later than one year [member] | Other current financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Brazil, Brazil Real | Later than three months and not later than one year [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Brazil, Brazil Real | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Brazil, Brazil Real | Later than three months and not later than one year [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 3 | 6 | |
Brazil, Brazil Real | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Thailand, Baht | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | THB | ||
Liabilities held in foreign currencies | $ 65 | 91 | |
Thailand, Baht | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 65 | 91 | |
Thailand, Baht | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Euro Member Countries, Euro | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Liabilities held in foreign currencies | $ 243 | 243 | |
Euro Member Countries, Euro | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Liabilities held in foreign currencies | $ 36,439 | 32,896 | |
Euro Member Countries, Euro | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Liabilities held in foreign currencies | $ 5,548 | 644 | |
Euro Member Countries, Euro | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | EUR | ||
Liabilities held in foreign currencies | $ 1,053 | 2,955 | |
Euro Member Countries, Euro | Up to 90 days [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 243 | 243 | |
Euro Member Countries, Euro | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 36,439 | 32,896 | |
Euro Member Countries, Euro | Up to 90 days [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 4,548 | 0 | |
Euro Member Countries, Euro | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 1,053 | 2,955 | |
Euro Member Countries, Euro | Later than three months and not later than one year [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Euro Member Countries, Euro | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Euro Member Countries, Euro | Later than three months and not later than one year [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 1,000 | 644 | |
Euro Member Countries, Euro | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
United Kingdom, Pounds | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | GBP | ||
Liabilities held in foreign currencies | $ 0 | 11 | |
United Kingdom, Pounds | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 11 | |
United Kingdom, Pounds | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
India, Rupees | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | INR | ||
Liabilities held in foreign currencies | $ 1 | 1 | |
India, Rupees | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 1 | 1 | |
India, Rupees | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Mexico, Pesos | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | ||
Liabilities held in foreign currencies | $ 7 | 13 | |
Mexico, Pesos | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | ||
Liabilities held in foreign currencies | $ 9 | 3,074 | |
Mexico, Pesos | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | ||
Liabilities held in foreign currencies | $ 149 | $ 380 | |
Mexico, Pesos | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | MXN | MXN | |
Liabilities held in foreign currencies | $ 175 | $ 65 | |
Mexico, Pesos | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 7 | 13 | |
Mexico, Pesos | Up to 90 days [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 3 | |
Mexico, Pesos | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 103 | 346 | |
Mexico, Pesos | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Mexico, Pesos | Later than three months and not later than one year [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 9 | 3,071 | |
Mexico, Pesos | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 46 | 34 | |
Mexico, Pesos | Over 1 year to 2 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Mexico, Pesos | Over 2 years to 3 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Mexico, Pesos | Over 3 years to 4 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Mexico, Pesos | Over 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 175 | 65 | |
Mexico, Pesos | 4 to 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Peru, Nuevos Soles | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | PEN | ||
Liabilities held in foreign currencies | $ 0 | 3 | |
Peru, Nuevos Soles | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | PEN | ||
Liabilities held in foreign currencies | $ 70 | 70 | |
Peru, Nuevos Soles | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 3 | |
Peru, Nuevos Soles | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 70 | 70 | |
Peru, Nuevos Soles | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Peru, Nuevos Soles | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Saudi Arabia, Riyals | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ZAR | ||
Liabilities held in foreign currencies | $ 1,842 | 2,541 | |
Saudi Arabia, Riyals | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ZAR | ||
Liabilities held in foreign currencies | $ 201 | 264 | |
Saudi Arabia, Riyals | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ZAR | ||
Liabilities held in foreign currencies | $ 11 | 12 | |
Saudi Arabia, Riyals | Up to 90 days [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 1,842 | 2,541 | |
Saudi Arabia, Riyals | Up to 90 days [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 264 | |
Saudi Arabia, Riyals | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 11 | 12 | |
Saudi Arabia, Riyals | Later than three months and not later than one year [member] | Trade and other payables [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Saudi Arabia, Riyals | Later than three months and not later than one year [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 201 | 0 | |
Saudi Arabia, Riyals | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | 0 | |
Argentina, Pesos | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | ARS | ||
Liabilities held in foreign currencies | $ 13 | 12 | |
Argentina, Pesos | Up to 90 days [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Argentina, Pesos | Later than three months and not later than one year [member] | Other current provisions [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 13 | 12 | |
Japan, Yen | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | YEN | ||
Liabilities held in foreign currencies | $ 171 | ||
Japan, Yen | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | YEN | ||
Liabilities held in foreign currencies | $ 0 | $ 0 | |
Japan, Yen | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | YEN | ||
Liabilities held in foreign currencies | $ 626 | ||
Japan, Yen | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Japan, Yen | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 0 | |
Japan, Yen | Over 1 year to 2 [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Japan, Yen | Over 1 year to 2 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Japan, Yen | Over 2 years to 3 [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Japan, Yen | Over 2 years to 3 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Japan, Yen | Over 3 years to 4 [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Japan, Yen | Over 3 years to 4 [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
Japan, Yen | Over 5 years [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 171 | ||
Japan, Yen | Over 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 626 | ||
Japan, Yen | 4 to 5 years [member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 0 | ||
Japan, Yen | 4 to 5 years [member] | Non-current provisions for employee benefits [Member] | Non-current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | ||
China, Yuan Renminbi | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CNY | ||
Liabilities held in foreign currencies | $ 8 | 3 | |
China, Yuan Renminbi | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Description of functional currency | CNY | ||
Liabilities held in foreign currencies | $ 51 | 7 | |
China, Yuan Renminbi | Up to 90 days [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 0 | 3 | |
China, Yuan Renminbi | Up to 90 days [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 11 | 7 | |
China, Yuan Renminbi | Later than three months and not later than one year [member] | Current tax liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | 8 | 0 | |
China, Yuan Renminbi | Later than three months and not later than one year [member] | Other current non-financial liabilities [Member] | Current liabilities [Member] | |||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | |||
Liabilities held in foreign currencies | $ 40 | $ 0 | |
[1] | These Companies are subsidiaries of the associate Doktor Tarsa Tarim Sanayi AS. |
Income tax and deferred taxes_2
Income tax and deferred taxes (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Current tax assets, current | $ 57,110 | $ 32,291 | |
Current tax assets, non-current | 32,179 | 32,179 | |
Monthly provisional income tax payments, Chilean companies [Member] | |||
Current tax assets, current | 21,172 | 2,802 | |
Current tax assets, non-current | 6,398 | 6,398 | |
Monthly provisional payment Royalty [Member] | |||
Current tax assets, current | 5,199 | 808 | |
Corporate tax credits [Member] | |||
Current tax assets, current | [1] | 1,858 | 456 |
Taxes in recovery process [Member] | |||
Current tax assets, current | 28,881 | 28,225 | |
Specific tax on mining activities paid (on consignment) [Member] | |||
Current tax assets, non-current | $ 25,781 | $ 25,781 | |
[1] | These credits are available for Companies and are related to corporate tax payments in April of the following year. These credits include, among others, credits for training expenses (SENCE), credits for acquisition of fixed assets, donations and credits in Chile for taxes paid abroad. |
Income tax and deferred taxes_3
Income tax and deferred taxes (Details 1) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Current tax liabilities, current | $ 47,412 | $ 75,402 |
First Category income tax [Member] | ||
Current tax liabilities, current | 25,163 | 45,479 |
Foreign company income tax [Member] | ||
Current tax liabilities, current | 21,097 | 28,996 |
Article 21 single tax [Member] | ||
Current tax liabilities, current | $ 1,152 | $ 927 |
Income tax and deferred taxes_4
Income tax and deferred taxes (Details 2) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 27.00% | 25.50% | 24.00% |
Spain [member] | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 25.00% | 25.00% | |
Belgium [member] | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 29.58% | 33.99% | |
Mexico [member] | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 30.00% | 30.00% | |
United States [member] | Top of range [member] | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 21.00% | 34.00% | |
United States [member] | Bottom of range [member] | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 6.00% | 6.00% | |
South Africa [member] | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 28.00% | 28.00% |
Income tax and deferred taxes_5
Income tax and deferred taxes (Details 3) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets | $ 139,728 | $ 128,360 | |
Deferred Tax Liabilities, Net | (175,361) | (205,283) | |
Deferred tax liability (asset) | (175,361) | (205,283) | $ 205,455 |
Unrealized loss [Member] | |||
Deferred tax assets | 75,832 | 68,544 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (75,832) | (68,544) | (86,156) |
Property, plant and equipment and capitalized interest [Member] | |||
Deferred tax assets | 0 | 0 | |
Deferred Tax Liabilities, Net | (196,843) | (211,374) | |
Deferred tax liability (asset) | 196,843 | 211,374 | 225,124 |
Facility closure provision [Member] | |||
Deferred tax assets | 4,280 | 3,469 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (4,280) | (3,469) | (1,589) |
Manufacturing expenses [Member] | |||
Deferred tax assets | 0 | 0 | |
Deferred Tax Liabilities, Net | (103,760) | (102,748) | |
Deferred tax liability (asset) | 103,760 | 102,748 | 110,630 |
Staff severance indemnities, unemployment insurance [Member] | |||
Deferred tax assets | 0 | 0 | |
Deferred Tax Liabilities, Net | (5,679) | (6,792) | |
Deferred tax liability (asset) | 5,679 | 6,792 | 5,214 |
Vacation accrual [Member] | |||
Deferred tax assets | 5,155 | 4,887 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (5,155) | (4,887) | (4,061) |
Inventory provision [Member] | |||
Deferred tax assets | 28,155 | 25,172 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (28,155) | (25,172) | (20,684) |
Materials provision [Member] | |||
Deferred tax assets | 6,239 | 7,107 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (6,239) | (7,107) | (7,776) |
Forwards [Member] | |||
Deferred tax assets | 2,169 | 624 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (2,169) | (624) | (10,206) |
Employee benefits [Member] | |||
Deferred tax assets | 3,309 | 2,317 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (3,309) | (2,317) | (6,783) |
Research and development expenses [Member] | |||
Deferred tax assets | 0 | 0 | |
Deferred Tax Liabilities, Net | (2,216) | (3,501) | |
Deferred tax liability (asset) | 2,216 | 3,501 | 4,641 |
Accounts Receivable [Member] | |||
Deferred tax assets | 4,188 | 4,253 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (4,188) | (4,253) | (4,305) |
Provision for legal complaints and expenses [Member] | |||
Deferred tax assets | 4,013 | 5,243 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (4,013) | (5,243) | (7,686) |
Loan approval expenses [Member] | |||
Deferred tax assets | 0 | 0 | |
Deferred Tax Liabilities, Net | (2,337) | (2,670) | |
Deferred tax liability (asset) | 2,337 | 2,670 | 3,115 |
Junior mining companies valued based on stock price [Member] | |||
Deferred tax assets | 0 | 0 | |
Deferred Tax Liabilities, Net | (976) | (2,474) | |
Deferred tax liability (asset) | 976 | 2,474 | 1,300 |
Royality [Member] | |||
Deferred tax assets | 0 | 0 | |
Deferred Tax Liabilities, Net | (3,278) | (4,084) | |
Deferred tax liability (asset) | 3,278 | 4,084 | 6,457 |
Tax loss benefit [Member] | |||
Deferred tax assets | 1,124 | 1,437 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (1,124) | (1,437) | (1,302) |
Other deferred tax assets [Member] | |||
Deferred tax assets | 5,005 | 5,002 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | (5,005) | (5,002) | (266) |
Foreign items other [Member] | |||
Deferred tax assets | 259 | 305 | |
Deferred Tax Liabilities, Net | 0 | 0 | |
Deferred tax liability (asset) | $ (259) | $ (305) | $ (212) |
Income tax and deferred taxes_6
Income tax and deferred taxes (Details 4) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Deferred tax assets and liabilities, net opening balance | $ (205,283) | $ 205,455 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (27,407) | (440) |
Deferred taxes related to items credited (charged) directly to equity | (2,515) | 268 |
Total increases (decreases) in deferred tax liabilities (assets) | (29,922) | (172) |
Deferred tax liability (asset) at end of period | (175,361) | (205,283) |
Unrealized loss [Member] | ||
Deferred tax assets and liabilities, net opening balance | (68,544) | (86,156) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (7,288) | 17,612 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (7,288) | 17,612 |
Deferred tax liability (asset) at end of period | (75,832) | (68,544) |
Property, plant and equipment and capitalized interest [Member] | ||
Deferred tax assets and liabilities, net opening balance | 211,374 | 225,124 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (14,531) | (13,750) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (14,531) | (13,750) |
Deferred tax liability (asset) at end of period | 196,843 | 211,374 |
Facility closure provision [Member] | ||
Deferred tax assets and liabilities, net opening balance | (3,469) | (1,589) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (811) | (1,880) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (811) | (1,880) |
Deferred tax liability (asset) at end of period | (4,280) | (3,469) |
Manufacturing expenses [Member] | ||
Deferred tax assets and liabilities, net opening balance | 102,748 | 110,630 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | 1,012 | (7,882) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 1,012 | (7,882) |
Deferred tax liability (asset) at end of period | 103,760 | 102,748 |
Staff severance indemnities, unemployment insurance [Member] | ||
Deferred tax assets and liabilities, net opening balance | 6,792 | 5,214 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (667) | 1,876 |
Deferred taxes related to items credited (charged) directly to equity | (446) | (298) |
Total increases (decreases) in deferred tax liabilities (assets) | (1,113) | 1,578 |
Deferred tax liability (asset) at end of period | 5,679 | 6,792 |
Vacation accrual [Member] | ||
Deferred tax assets and liabilities, net opening balance | (4,887) | (4,061) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (268) | (826) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (268) | (826) |
Deferred tax liability (asset) at end of period | (5,155) | (4,887) |
Inventory provision [Member] | ||
Deferred tax assets and liabilities, net opening balance | (25,172) | (20,684) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (2,983) | (4,488) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (2,983) | (4,488) |
Deferred tax liability (asset) at end of period | (28,155) | (25,172) |
Materials provision [Member] | ||
Deferred tax assets and liabilities, net opening balance | (7,107) | (7,776) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | 868 | 669 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 868 | 669 |
Deferred tax liability (asset) at end of period | (6,239) | (7,107) |
Forwards [Member] | ||
Deferred tax assets and liabilities, net opening balance | (624) | (10,206) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (1,545) | 9,582 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (1,545) | 9,582 |
Deferred tax liability (asset) at end of period | (2,169) | (624) |
Employee benefits [Member] | ||
Deferred tax assets and liabilities, net opening balance | (2,317) | (6,783) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (992) | 4,466 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (992) | 4,466 |
Deferred tax liability (asset) at end of period | (3,309) | (2,317) |
Research and development expenses [Member] | ||
Deferred tax assets and liabilities, net opening balance | 3,501 | 4,641 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (1,285) | (1,140) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (1,285) | (1,140) |
Deferred tax liability (asset) at end of period | 2,216 | 3,501 |
Provision for legal complaints and expenses [Member] | ||
Deferred tax assets and liabilities, net opening balance | (5,243) | (7,686) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | 1,230 | 2,443 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 1,230 | 2,443 |
Deferred tax liability (asset) at end of period | (4,013) | (5,243) |
Loan approval expenses [Member] | ||
Deferred tax assets and liabilities, net opening balance | 2,670 | 3,115 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (333) | (445) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (333) | (445) |
Deferred tax liability (asset) at end of period | 2,337 | 2,670 |
Junior mining companies valued based on stock price [Member] | ||
Deferred tax assets and liabilities, net opening balance | 2,474 | 1,300 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | 0 | 624 |
Deferred taxes related to items credited (charged) directly to equity | (1,498) | 550 |
Total increases (decreases) in deferred tax liabilities (assets) | (1,498) | 1,174 |
Deferred tax liability (asset) at end of period | 976 | 2,474 |
Royalties [Member] | ||
Deferred tax assets and liabilities, net opening balance | 4,084 | 6,457 |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (795) | (2,389) |
Deferred taxes related to items credited (charged) directly to equity | (11) | 16 |
Total increases (decreases) in deferred tax liabilities (assets) | (806) | (2,373) |
Deferred tax liability (asset) at end of period | 3,278 | 4,084 |
Tax loss benefit [Member] | ||
Deferred tax assets and liabilities, net opening balance | (1,437) | (1,302) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | 313 | (135) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 313 | (135) |
Deferred tax liability (asset) at end of period | (1,124) | (1,437) |
Other deferred tax assets [Member] | ||
Deferred tax assets and liabilities, net opening balance | (5,002) | (266) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | (64) | (4,736) |
Deferred taxes related to items credited (charged) directly to equity | 61 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (3) | (4,736) |
Deferred tax liability (asset) at end of period | (5,005) | (5,002) |
Foreign items other [Member] | ||
Deferred tax assets and liabilities, net opening balance | (305) | (212) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | 46 | (93) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 46 | (93) |
Deferred tax liability (asset) at end of period | (259) | (305) |
Accounts Receivable [Member] | ||
Deferred tax assets and liabilities, net opening balance | (4,253) | (4,305) |
Deferred tax expense (benefit) recognized in profit (loss) for the year | 686 | 52 |
Deferred taxes related to items credited (charged) directly to equity | (621) | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 65 | 52 |
Deferred tax liability (asset) at end of period | $ (4,188) | $ (4,253) |
Income tax and deferred taxes_7
Income tax and deferred taxes (Details 5) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Income tax and deferred taxes [Line Items] | ||
Net operating loss carryforwards | $ 1,125 | $ 1,437 |
Chile [Member] | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Net operating loss carryforwards | $ 1,125 | $ 1,437 |
Income tax and deferred taxes_8
Income tax and deferred taxes (Details 6) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | $ 952 | $ 1,277 |
Tax losses (NOL's) | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | 32 | 37 |
Doubtful accounts impairment | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | 47 | 48 |
Inventory impairment | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | 947 | 1,347 |
Pensions plan | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | 62 | 1 |
Accrued vacations | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | 19 | 19 |
Depreciation | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | (127) | (139) |
Other | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Assets (liabilities) | $ (28) | $ (36) |
Income tax and deferred taxes_9
Income tax and deferred taxes (Details 7) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Income tax and deferred taxes [Abstract] | ||
Deferred tax assets and liabilities, net opening balance | $ (205,283) | $ 205,455 |
Increase (decrease) in deferred taxes in profit or loss | (27,407) | (440) |
Increase (decrease) in deferred taxes in equity | (2,515) | 268 |
Deferred tax liability (asset) at end of period | $ (175,361) | $ (205,283) |
Income tax and deferred taxe_10
Income tax and deferred taxes (Details 8) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current income tax expense | |||
Current income tax expense | $ (207,959) | $ (182,567) | $ (149,669) |
Adjustments to prior year current income tax | 1,577 | 15,954 | 2,080 |
Current income tax expense, net, total | (206,382) | (166,613) | (147,589) |
Deferred tax expense | |||
Deferred tax expense (income) relating to the creation and reversal of temporary differences | 27,407 | 440 | 14,624 |
Deferred tax expense, net, total | 27,407 | 440 | 14,624 |
Tax expense (income) | $ (178,975) | $ (166,173) | $ (132,965) |
Income tax and deferred taxe_11
Income tax and deferred taxes (Details 9) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current income tax expense by foreign and domestic parties, net | |||
Current income tax expense | $ (206,382) | $ (166,613) | $ (147,589) |
Deferred tax expense by foreign and domestic parties, net | |||
Deferred tax expense | 27,407 | 440 | 14,624 |
Tax expense using the effective rate | (178,975) | (166,173) | (132,965) |
Foreign countries [member] | |||
Current income tax expense by foreign and domestic parties, net | |||
Current income tax expense | (7,516) | (14,396) | (10,844) |
Deferred tax expense by foreign and domestic parties, net | |||
Deferred tax expense | (1,885) | (154) | 626 |
Country of domicile [member] | |||
Current income tax expense by foreign and domestic parties, net | |||
Current income tax expense | (198,866) | (152,217) | (136,745) |
Deferred tax expense by foreign and domestic parties, net | |||
Deferred tax expense | $ 29,292 | $ 594 | $ 13,998 |
Income tax and deferred taxe_12
Income tax and deferred taxes (Details 10) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income tax related to other income and expense components with a charge or credit to net equity | |||
Gain (loss) from defined benefit plans | $ (396) | $ (282) | $ (921) |
Cash flow hedge | 0 | 0 | 470 |
Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income | 0 | 550 | 1,300 |
Total | (744) | 489 | 2,800 |
Amount before taxes (expense) gain [Member] | |||
Income tax related to other income and expense components with a charge or credit to net equity | |||
Gain (loss) from defined benefit plans | (1,327) | (1,401) | (3,397) |
Cash flow hedge | 5,723 | 2,184 | 2,233 |
Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income | (5,546) | (26) | 4,813 |
Total | (1,150) | 757 | 3,649 |
Gains Losses For Income Taxes [Member] | |||
Income tax related to other income and expense components with a charge or credit to net equity | |||
Gain (loss) from defined benefit plans | 396 | 282 | 921 |
Cash flow hedge | 0 | 0 | (470) |
Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income | 1,498 | (550) | (1,300) |
Total | $ 1,894 | $ (268) | $ (849) |
Income tax and deferred taxe_13
Income tax and deferred taxes (Details 11) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||
Tax expense using the effective rate | $ (178,975) | $ (166,173) | $ (132,965) |
Consolidated income before taxes | $ 621,038 | $ 594,590 | $ 414,889 |
Income tax rate in force in Chile | 27.00% | 25.50% | 24.00% |
Tax expense using the legal rate | $ (167,680) | $ (151,620) | $ (99,573) |
Effect of royalty tax expense and passive income | (4,919) | (3,372) | (6,311) |
Tax effect of revenues exempt from taxation | 1,446 | 2,886 | 2,461 |
Tax effect of tax rates supported abroad | (8,714) | (8,061) | (15,933) |
Other tax effects from the reconciliation between the accounting income and tax expense | 2,659 | 275 | (3,256) |
Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) | (4,566) | (4,764) | (10,202) |
IRS provision surplus | 3,517 | 0 | 0 |
Fines affected by Article 21 | $ (718) | $ (1,517) | $ (151) |
Income tax and deferred taxe_14
Income tax and deferred taxes (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended | ||
Nov. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Income tax and deferred taxes [Line Items] | ||||
Applicable tax rate | 27.00% | 25.50% | 24.00% | |
Average effective tax rate | 27.00% | 25.50% | ||
Prescriptive period for review legal deadline | 3 | |||
Prescriptive period extended for review legal deadline | 6 | |||
Income Tax Penalty Paid | $ 3.8 | |||
Additional Income Tax Payable | $ 0.4 | |||
Scenario, Plan [Member] | ||||
Disclosure of Income tax and deferred taxes [Line Items] | ||||
Applicable tax rate | 27.00% | |||
United States | ||||
Disclosure of Income tax and deferred taxes [Line Items] | ||||
Prescriptive period for review legal deadline | 3 | |||
Prescriptive period extended for review legal deadline | 6 | |||
Mexico | ||||
Disclosure of Income tax and deferred taxes [Line Items] | ||||
Applicable tax rate | 30.00% | 30.00% | ||
Prescriptive period for review legal deadline | 5 | |||
Spain | ||||
Disclosure of Income tax and deferred taxes [Line Items] | ||||
Prescriptive period for review legal deadline | 4 | |||
Belgium | ||||
Disclosure of Income tax and deferred taxes [Line Items] | ||||
Prescriptive period for review legal deadline | 3 | |||
Prescriptive period extended for review legal deadline | 5 | |||
South Africa | ||||
Disclosure of Income tax and deferred taxes [Line Items] | ||||
Applicable tax rate | 28.00% | 28.00% | ||
Prescriptive period for review legal deadline | 3 | |||
Prescriptive period extended for review legal deadline | 5 |
Assets held for sale (Details)
Assets held for sale (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | ||
Terrenos Soquimich Comercial S.A. | $ 1,430 | $ 1,480 |
Facilities and fixtures at Soquimich Comercial S.A. | 0 | 109 |
Total assets held for sale | $ 1,430 | $ 1,589 |
Assets held for sale (Details 1
Assets held for sale (Details 1) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Assets held for sale [Line Items] | |||
Share in the profits (losses) of associates and joint ventures accounted for using the equity method | $ 6,351 | $ 14,452 | $ 13,047 |
Income before tax | 621,038 | 594,590 | 414,889 |
Cash detail from Sale of Investments | |||
Net cash generated from operating activities | 524,839 | 758,272 | 633,662 |
Net cash generated from investment activities | (187,004) | $ (248,067) | $ 162,386 |
Classification of assets as held for sale [member] | |||
Assets held for sale [Line Items] | |||
Share in the profits (losses) of associates and joint ventures accounted for using the equity method | 110 | ||
Income before tax | 110 | ||
Cash detail from Sale of Investments | |||
Net cash generated from operating activities | 13,232 | ||
Net cash generated from investment activities | 68,988 | ||
Net increase in cash generated by sales of investments | 82,220 | ||
Minera Exar S.A. [Member] | Classification of assets as held for sale [member] | |||
Assets held for sale [Line Items] | |||
Share in the profits (losses) of associates and joint ventures accounted for using the equity method | (206) | ||
Income before tax | (206) | ||
Cash detail from Sale of Investments | |||
Net cash generated from operating activities | 13,232 | ||
Net cash generated from investment activities | 68,000 | ||
Net increase in cash generated by sales of investments | 81,232 | ||
Charlee SQM Thailand Co. Ltd. [Member] | Classification of assets as held for sale [member] | |||
Assets held for sale [Line Items] | |||
Share in the profits (losses) of associates and joint ventures accounted for using the equity method | 316 | ||
Income before tax | 316 | ||
Cash detail from Sale of Investments | |||
Net cash generated from operating activities | 0 | ||
Net cash generated from investment activities | 988 | ||
Net increase in cash generated by sales of investments | $ 988 |
Assets held for sale (Details 2
Assets held for sale (Details 2) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Assets held for sale [Line Items] | |
Cash | $ 88,488 |
Commercial debts and other accounts payable | 1,022 |
Total consideration for the provision Book value of net assets sold | (69,978) |
Gain on the sale before the income tax and reclassification of the foreign currency conversion | 19,532 |
Reclassification of the foreign currency conversion reserve | (5,784) |
Income tax expense on income derived from gains | (6,268) |
Profit after tax | 7,480 |
Minera Exar S.A. [Member] | |
Assets held for sale [Line Items] | |
Cash | 87,500 |
Commercial debts and other accounts payable | 0 |
Total consideration for the provision Book value of net assets sold | (67,635) |
Gain on the sale before the income tax and reclassification of the foreign currency conversion | 19,865 |
Reclassification of the foreign currency conversion reserve | (5,358) |
Income tax expense on income derived from gains | (6,268) |
Profit after tax | 8,239 |
Charlee SQM Thailand Co. Ltd. [Member] | |
Assets held for sale [Line Items] | |
Cash | 988 |
Commercial debts and other accounts payable | 1,022 |
Total consideration for the provision Book value of net assets sold | (2,343) |
Gain on the sale before the income tax and reclassification of the foreign currency conversion | (333) |
Reclassification of the foreign currency conversion reserve | (426) |
Income tax expense on income derived from gains | 0 |
Profit after tax | $ (759) |
Assets held for sale (Details 3
Assets held for sale (Details 3) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Assets held for sale [Line Items] | |||
Accounts receivable from current related entities | $ (44,554) | $ (59,132) | |
Investments accounted for using the equity method | (111,549) | (152,630) | $ (133,140) |
Capital Gains | (6,205) | ||
Property, plant and equipment | (1,454,823) | (1,429,354) | (1,532,710) |
Total Assets | (4,268,094) | (4,296,236) | (4,217,980) |
Total liabilities | 2,130,292 | 2,048,768 | $ 1,910,708 |
Net assets | (69,978) | ||
Minera Exar S.A. [Member] | |||
Assets held for sale [Line Items] | |||
Accounts receivable from current related entities | (19,500) | 0 | |
Investments accounted for using the equity method | (35,628) | ||
Capital Gains | (6,205) | ||
Property, plant and equipment | (6,302) | ||
Total Assets | (67,635) | ||
Total liabilities | 0 | ||
Net assets | (67,635) | ||
Charlee SQM Thailand Co. Ltd. [Member] | |||
Assets held for sale [Line Items] | |||
Accounts receivable from current related entities | 0 | $ (1,204) | |
Investments accounted for using the equity method | (2,343) | ||
Capital Gains | 0 | ||
Property, plant and equipment | 0 | ||
Total Assets | (2,343) | ||
Total liabilities | 0 | ||
Net assets | $ (2,343) |
Assets held for sale (Details T
Assets held for sale (Details Textual) - USD ($) $ in Thousands | Nov. 14, 2018 | Dec. 31, 2018 |
Assets held for sale [Line Items] | ||
Gains on disposals of investments | $ 14,507 | |
Minera Exar S.A. [Member] | ||
Assets held for sale [Line Items] | ||
Gains on disposals of investments | $ 14,507 | |
Charlee SQM Thailand Co. Ltd. [Member] | ||
Assets held for sale [Line Items] | ||
Gains on disposals of investments | $ 759 |
Events occurred after the rep_2
Events occurred after the reporting date (Details Textual) - shares | Dec. 05, 2018 | May 31, 2018 |
Disclosure of Events occurred after the reporting date [Line Items] | ||
Percentage of voting equity held by entity or by its subsidiaries | 23.77% | |
Number of shares in entity held by entity or by its subsidiaries or associates | 62,556,568 | |
Inversiones TLC SPA [Member] | ||
Disclosure of Events occurred after the reporting date [Line Items] | ||
Number of shares reserved for issue under options and contracts for sale of shares | 62,556,568 | |
Percentage of voting equity held by entity or by its subsidiaries | 23.77% |