Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2022 |
Document Fiscal Year Focus | 2022 |
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 File Number | 33-65728 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Trading Symbol | SQM |
Entity Shell Company | false |
Title of 12(b) Security | Series B common shares, in the form of American Depositary Shares each representing one Series B share |
Security Exchange Name | NYSE |
Document Registration Statement | false |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
ICFR Auditor Attestation Flag | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Incorporation, State or Country Code | F3 |
Entity Address, Address Line One | El Trovador 4285 |
Entity Address, Address Line Two | 6th floor |
Entity Address, City or Town | Santiago |
Entity Address, Country | CL |
Entity Address, Postal Zip Code | 755000 |
Auditor Name | PricewaterhouseCoopers Consultores Auditores y Compañía Limitada |
Auditor Firm ID | 1364 |
Auditor Location | Santiago, Chile |
Series A Common Shares [member] | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 142,819,552 |
Series B Common Shares [member] | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 142,818,904 |
Business Contact [Member] | |
Document Information [Line Items] | |
Entity Address, Address Line One | El Trovador 4285 |
Entity Address, Address Line Two | 6th floor |
Entity Address, City or Town | Santiago |
Entity Address, Country | CL |
Entity Address, Postal Zip Code | 755000 |
City Area Code | 56 |
Local Phone Number | 2 2425-2485 |
Contact Personnel Name | Gerardo Illanes |
Contact Personnel Email Address | gerardo.illanes@sqm.com |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash and cash equivalents | $ 2,655,236 | $ 1,515,051 |
Other current financial assets | 961,355 | 919,049 |
Other current non-financial assets | 196,335 | 69,870 |
Trade and other receivables, current | 1,087,420 | 654,073 |
Trade receivables due from related parties, current | 81,622 | 86,152 |
Current inventories | 1,784,281 | 1,183,776 |
Current tax assets | 224,914 | 157,542 |
Total current assets other than those classified as held for sale or disposal | 6,991,163 | 4,585,513 |
Non-current assets or groups of assets classified as held for sale | 346 | 582 |
Total non-current assets held for sale | 346 | 582 |
Total current assets | 6,991,509 | 4,586,095 |
Non-current assets | ||
Other non-current financial assets | 32,126 | 9,268 |
Other non-current non-financial assets | 52,396 | 33,487 |
Non-current trade receivables | 2,091 | 6,172 |
Investments classified using the equity method of accounting | 54,386 | 39,824 |
Intangible assets other than goodwill | 166,336 | 179,658 |
Goodwill | 967 | 34,596 |
Property, plant and equipment, net | 2,726,838 | 2,012,225 |
Right-of-use assets | 60,867 | 52,608 |
Non-current tax assets | 127,114 | 90,364 |
Deferred tax assets | 604,471 | 135,904 |
Total non-current assets | 3,827,592 | 2,594,106 |
Total assets | 10,819,101 | 7,180,201 |
Current liabilities | ||
Other current financial liabilities | 522,999 | 51,305 |
Lease liabilities, current | 12,149 | 7,704 |
Trade and other payables, current | 374,789 | 279,650 |
Other current provisions | 1,303,146 | 317,666 |
Current tax liabilities | 356,611 | 166,935 |
Provisions for employee benefits, current | 35,376 | 26,775 |
Other current non-financial liabilities | 446,477 | 141,674 |
Total current liabilities | 3,051,547 | 991,709 |
Non-current liabilities | ||
Other non-current financial liabilities | 2,394,218 | 2,587,732 |
Non-current lease liabilities | 49,585 | 46,519 |
Non-current trade and other payables | 0 | 3,813 |
Other non-current provisions | 58,053 | 61,038 |
Deferred tax liabilities | 289,825 | 246,320 |
Non-current provisions for employee benefits | 43,872 | 27,099 |
Total non-current liabilities | 2,835,553 | 2,972,521 |
Total liabilities | 5,887,100 | 3,964,230 |
Equity attributable to owners of the Parent | ||
Share capital | 1,577,643 | 1,577,643 |
Retained earnings | 3,350,114 | 1,648,032 |
Other reserves | (31,125) | (44,155) |
Equity attributable to owners of the Parent | 4,896,632 | 3,181,520 |
Non-controlling interests | 35,369 | 34,451 |
Total equity | 4,932,001 | 3,215,971 |
Total liabilities and equity | $ 10,819,101 | $ 7,180,201 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Consolidated Statements of Income | |||
Revenue | $ 10,710,578 | $ 2,862,315 | $ 1,817,191 |
Cost of sales | (4,973,953) | (1,772,208) | (1,334,321) |
Gross profit | 5,736,625 | 1,090,107 | 482,870 |
Other income | 9,854 | 19,552 | 26,893 |
Administrative expenses | (142,644) | (118,893) | (107,017) |
Other expenses | (75,971) | (60,605) | (99,612) |
(Impairment) /reversal of losses of financial assets (See Note 12.2) | 3,369 | (235) | 4,684 |
Other gains (losses) | 117 | (2,638) | (5,313) |
Profit from operating activities | 5,531,350 | 927,288 | 302,505 |
Finance income | 47,038 | 4,668 | 13,715 |
Finance costs | (86,651) | (84,626) | (82,199) |
Share of profit of associates and joint ventures accounted for using the equity method | 20,159 | 11,132 | 8,940 |
Foreign currency translation differences | (25,400) | (17,241) | (4,423) |
Profit before taxes | 5,486,496 | 841,221 | 238,538 |
Income tax expense | (1,572,212) | (249,016) | (70,179) |
Net profit | 3,914,284 | 592,205 | 168,359 |
Profit attributable to: | |||
Profit attributable to Owners of the Parent | 3,906,311 | 585,454 | 164,518 |
Profit attributable to Non-controlling interests | 7,973 | 6,751 | 3,841 |
Net profit | $ 3,914,284 | $ 592,205 | $ 168,359 |
Earnings per share | |||
Basic earnings per share (US$ per share) | $ 13.6757 | $ 0.6251 | $ 1.0567 |
Diluted earnings per share (US$ per share) | $ 13.6757 | $ 0.6251 | $ 1.0567 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Consolidated Statements of Comprehensive Income | |||
Net profit | $ 3,914,284 | $ 592,205 | $ 168,359 |
Items of other comprehensive income that will not be reclassified to profit for the year, before taxes | |||
(Losses) gains from measurements of defined benefit plans | (6,350) | 4,679 | 974 |
Gains (losses) from financial assets measured irrevocably at fair value through other comprehensive income | 190 | (12,072) | 9,784 |
Total other comprehensive income that will not be reclassified to profit for the year, before taxes | (6,160) | (7,393) | 10,758 |
Items of other comprehensive income that will be reclassified to profit for the year, before taxes | |||
Foreign currency exchange gains from joint ventures and associates | (255) | 4,240 | 14,000 |
Cash flow hedges - effective portion of changes in fair value | 36,079 | (66,051) | (461) |
Cash flow hedges - reclassified to profit or loss | (9,457) | 13,289 | (3,245) |
Total other comprehensive income that will be reclassified to profit for the year | 26,367 | (48,522) | 10,294 |
Other items of other comprehensive income, before taxes | 20,207 | (55,915) | 21,052 |
Income taxes related to items of other comprehensive income that will not be reclassified to profit for the year | |||
Income tax benefit (expense) relating to measurement of defined benefit pension plans through other comprehensive income | 1,273 | (142) | (145) |
Income tax benefit (expense) relating to (losses) gains on financial assets measured irrevocably at fair value through other comprehensive income | (17) | 3,818 | (2,642) |
Total income tax benefit (expense) relating to components of other comprehensive income that will be not reclassified to profit for the year | 1,256 | 3,676 | (2,787) |
Income taxes relating to components of other comprehensive income that will be reclassified to profit for the year | |||
Income tax benefit (expense) related to (losses) gains on cash flow hedges | (7,172) | 14,246 | 1,001 |
Total income tax benefit (expense) relating to components of other comprehensive income that will be reclassified to profit for the year | (7,172) | 14,246 | 1,001 |
Total other comprehensive income | 14,291 | (37,993) | 19,266 |
Total comprehensive income | 3,928,575 | 554,212 | 187,625 |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of the parent | 3,920,781 | 546,846 | 183,941 |
Comprehensive income attributable to non-controlling interest | 7,794 | 7,366 | 3,684 |
Total comprehensive income | $ 3,928,575 | $ 554,212 | $ 187,625 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Classes of cash receipts generated from operating activities | |||
Cash receipts from sales of goods and rendering of services | $ 10,954,251 | $ 2,705,250 | $ 1,940,720 |
Cash receipts from premiums and benefits, annuities and other benefits from policies entered | 1,345 | 1,902 | 14,763 |
Cash receipts derived from sub-leases | 129 | 443 | 188 |
Classes of Payments | |||
Cash payments to suppliers for the provision of goods and services | (5,255,694) | (1,713,922) | (1,520,209) |
Cash payments relating to variable leases | (3,631) | (1,313) | (1,117) |
Other payments related to operating activities | (24,148) | (16,726) | (87,278) |
Net cash generated from operating activities | 5,672,252 | 975,634 | 347,067 |
Dividends received | 6,354 | 11,663 | 5,387 |
Interest paid | (109,697) | (82,816) | (81,567) |
Interest paid on lease liabilities | (1,226) | (1,587) | (1,133) |
Interest received | 48,120 | 2,747 | 17,046 |
Income taxes paid | (1,648,668) | (142,730) | (200,624) |
Other cash inflows | 110,460 | 59,609 | 96,058 |
Net cash generated from operating activities | 4,077,595 | 822,520 | 182,234 |
Cash flows generated from (used in) investing activities | |||
Proceeds from the sale of equity instruments | 4,745 | 16,413 | 0 |
Cash flows arising from the loss/gain of control of subsidiaries and other businesses | 0 | 20,996 | |
Proceeds from the sale of property, plant and equipment | 112 | 672 | 1,680 |
Other payments to acquire interest in joint ventures | 0 | 0 | (16,949) |
Cash flows proceeds from the sale of interest in joint ventures | 13,085 | 0 | |
Acquisition of property, plant and equipment | (905,247) | (464,718) | (322,242) |
Proceeds from sales of intangible assets | 3,624 | 14,773 | 8,203 |
Proceeds (payments) related to futures, forward options and swap contracts | 39,878 | 2,328 | (6,902) |
Purchases of intangible assets | 0 | (579) | |
Loans from / to related parties | 873 | 13,086 | (15,000) |
Purchase of other long-term assets | (11,341) | (8,071) | 0 |
Other cash (outflows) inflows | (42,045) | (594,511) | 163,702 |
Cash flow used in investing activities | (909,401) | (1,006,943) | (167,091) |
Cash flows generated from (used in) financing activities | |||
Repayment of lease liabilities | (10,478) | (7,960) | (8,015) |
Proceeds from long-term loans | 200,000 | 700,000 | 400,000 |
Receipts from short-term loans | 60,000 | ||
Payment of borrowings | (14,110) | (14,110) | (264,122) |
Payment of dividends | (2,238,381) | (571,702) | (221,995) |
Capital stock increase | 1,100,257 | ||
Net cash flow (used in) generated from financing activities | (2,002,969) | 1,206,485 | (94,132) |
Net Increase in cash and cash equivalents before the effect of changes in the exchange rate | 1,165,225 | 1,022,062 | (78,989) |
Effects of exchange rate fluctuations on cash and cash equivalents | (25,040) | (16,113) | (439) |
Increase in cash and cash equivalents | 1,140,185 | 1,005,949 | (79,428) |
Cash and cash equivalents at beginning of year | 1,515,051 | 509,102 | 588,530 |
Cash and cash equivalents at end of year | $ 2,655,236 | $ 1,515,051 | $ 509,102 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Share capital | Foreign currency translation reserves | Hedge reserves | Gains and losses from financial assets reserve | Actuarial gains and losses from defined benefit plans reserve | Accumulated other comprehensive income | Other miscellaneous reserves | Total reserves | Retained earnings | Equity attributable to owners of the Parent | Non-controlling interests | Total |
Equity at beginning of the year at Dec. 31, 2019 | $ 477,386 | $ (25,745) | $ 7,196 | $ (270) | $ (9,490) | $ (28,309) | $ 14,086 | $ (14,223) | $ 1,623,104 | $ 2,086,267 | $ 48,205 | $ 2,134,472 |
Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 164,518 | 164,518 | 3,841 | 168,359 | |
Other comprehensive income | 0 | 14,176 | (2,705) | 7,142 | 810 | 19,423 | 0 | 19,423 | 0 | 19,423 | (157) | 19,266 |
Total comprehensive income | 0 | 14,176 | (2,705) | 7,142 | 810 | 19,423 | 0 | 19,423 | 164,518 | 183,941 | 3,684 | 187,625 |
Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (149,355) | (149,355) | (10,118) | (159,473) | |
Other (decrease) increases in equity | 0 | 0 | 0 | 0 | 0 | 2,232 | 2,232 | 0 | 2,232 | (2,278) | (46) | |
Total changes in equity | 0 | 14,176 | (2,705) | 7,142 | 810 | 19,423 | 2,232 | 21,655 | 15,163 | 36,818 | (8,712) | 28,106 |
Equity at end of the year at Dec. 31, 2020 | 477,386 | (11,569) | 4,491 | 6,872 | (8,680) | (8,886) | 16,318 | 7,432 | 1,638,267 | 2,123,085 | 39,493 | 2,162,578 |
Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 585,454 | 585,454 | 6,751 | 592,205 | |
Other comprehensive income | 0 | 3,656 | (38,516) | (8,254) | 4,506 | (38,608) | 0 | (38,608) | 0 | (38,608) | 615 | (37,993) |
Total comprehensive income | 0 | 3,656 | (38,516) | (8,254) | 4,506 | (38,608) | 0 | (38,608) | 585,454 | 546,846 | 7,366 | 554,212 |
Sale of equity instruments irrevocably recognized in OCI | 0 | 0 | 0 | (9,764) | 0 | (9,764) | 0 | (9,764) | 9,764 | 0 | 0 | |
Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (585,453) | (585,453) | (12,408) | (597,861) | |
Capital stock increase | 1,100,257 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,100,257 | 0 | 1,100,257 | |
Other (decrease) increases in equity | 0 | 0 | 0 | 0 | 0 | (3,215) | (3,215) | 0 | (3,215) | 0 | (3,215) | |
Total changes in equity | 1,100,257 | 3,656 | (38,516) | (18,018) | 4,506 | (48,372) | (3,215) | (51,587) | 9,765 | 1,058,435 | (5,042) | 1,053,393 |
Equity at end of the year at Dec. 31, 2021 | 1,577,643 | (7,913) | (34,025) | (11,146) | (4,174) | (57,258) | 13,103 | (44,155) | 1,648,032 | 3,181,520 | 34,451 | 3,215,971 |
Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,906,311 | 3,906,311 | 7,973 | 3,914,284 | |
Other comprehensive income | 0 | (129) | 19,450 | 173 | (5,024) | 14,470 | 0 | 14,470 | 0 | 14,470 | (179) | 14,291 |
Total comprehensive income | 0 | (129) | 19,450 | 173 | (5,024) | 14,470 | 0 | 14,470 | 3,906,311 | 3,920,781 | 7,794 | 3,928,575 |
Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2,204,229) | (2,204,229) | (7,369) | (2,211,598) | |
Other (decrease) increases in equity | 0 | 0 | 0 | 0 | 0 | (1,440) | (1,440) | 0 | (1,440) | 493 | (947) | |
Total changes in equity | 0 | (129) | 19,450 | 173 | (5,024) | 14,470 | (1,440) | 13,030 | 1,702,082 | 1,715,112 | 918 | 1,716,030 |
Equity at end of the year at Dec. 31, 2022 | $ 1,577,643 | $ (8,042) | $ (14,575) | $ (10,973) | $ (9,198) | $ (42,788) | $ 11,663 | $ (31,125) | $ 3,350,114 | $ 4,896,632 | $ 35,369 | $ 4,932,001 |
Identification and activities o
Identification and activities of the Company and Subsidiaries | 12 Months Ended |
Dec. 31, 2022 | |
Identification and activities of the Company and Subsidiaries | |
Identification and activities of the Company and Subsidiaries | Note 1 1.1 Sociedad Química y Minera de Chile S.A. (the “Company” or “SQM”) is an open stock corporation organized 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 in the CMF under number 184 of March 18, 1983 and is therefore subject to oversight by that entity. 1.2 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, Level 1 and 225 Dt Georges Tce Perth WA 6000, Australia. 1.3 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 The products of the Company are mainly derived from mineral deposits found in northern Chile where mining takes place and caliche and brine deposits are processed. (a) Specialty plant nutrition: Four main types of specialty plant nutrients are produced: potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends. In addition, other specialty fertilizers are sold including third party products. (b) Iodine: The Company produces 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. (c) Lithium: The Company produces lithium carbonate, which is used in a variety of applications, including electrochemical materials for batteries, frits for the ceramic and enamel industries, and it is an important ingredient in the manufacture of gunpowder, 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. (d) Industrial chemicals: The Company produces 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 to produce 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 oil drilling, and to produce carrageenan. (e) Potassium: The Company produces 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. (f) Other products and services: The Company also sells other fertilizers and blends, some of which we do not produce, mainly potassium nitrate, potassium sulfate and potassium chloride. This business line also includes revenue from commodities, services, interests, royalties and dividends. 1.5 Other background (a) Employees As of December 31, 2022, and 2021, the workforce was as follows: As of December 31, 2022 As of December 31, 2021 Other Other Employees SQM S.A. subsidiaries Total SQM S.A. subsidiaries Total Executives 32 128 160 33 103 136 Professionals 177 2,506 2,683 117 1,639 1,756 Technicians and operators 309 3,845 4,154 275 3,914 4,189 Overall total 518 6,479 6,997 425 5,656 6,081 As of December 31, 2022 As of December 31, 2021 Other Other Place of work SQM S.A. subsidiaries Total SQM S.A. subsidiaries Total In Chile 518 6,015 6,533 425 5,246 5,671 Outside Chile — 464 464 — 410 410 Overall total 518 6,479 6,997 425 5,656 6,081 (b) Main shareholders As of December 31, 2022, there were 1,157 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, 2022 and 2021, in line with information provided by the DCV, 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 DCV and informed to the CMF and the Chilean Stock Exchange: % of Series A % of Series B % of total Shareholders as of December 31, 2022 No. of Series A shares No. of Series B shares shares The Bank of New York Mellon, ADRs — — 64,555,045 45.20 % 22.60 % Inversiones TLC SpA 62,556,568 43.80 % — — 21.90 % Sociedad de Inversiones Pampa Calichera S.A. (2) 43,133,789 30.20 % 1,611,227 1.13 % 15.66 % Potasios de Chile S.A. 18,179,147 12.73 % — — 6.36 % Banco de Chile via State Street 79,265 0.06 % 10,979,388 7.69 % 3.87 % AF Habitad S.A. — — 9,504,885 6.66 % 3.33 % Inv. Global Mining (Chile) Ltda. 8,798,539 6.16 % — — 3.08 % Banco Santander via foreign investor accounts 545,729 0.38 % 8,181,775 5.73 % 3.06 % AFP Cuprum S.A. — — 6,535,039 4.58 % 2.29 % Banco de Chile non-resident third party accounts 62,829 0.04 % 6,181,476 4.33 % 2.19 % AF Capital S.A. — — 5,652,982 3.96 % 1.98 % AFP Provida S.A. — — 5,263,361 3.69 % 1.84 % % of Series A % of Series B % of total Shareholders as of December 31, 2021 No. of Series A shares No. of Series B shares shares Inversiones TLC SpA 62,556,568 43.80 % — — 21.90 % The Bank of New York Mellon, ADRs — — 67,603,420 47.34 % 23.67 % Sociedad de Inversiones Pampa Calichera S.A. (2) 44,989,231 31.50 % — — 15.75 % Potasios de Chile S.A. 18,179,147 12.73 % — — 6.36 % Inversiones Global Mining (Chile) Limitada 8,798,539 6.16 % — — 3.08 % Banco de Chile via State Street 23,428 0.02 % 9,178,379 6.43 % 3.22 % Banco Santander via foreign investor accounts — — 8,856,091 6.20 % 3.10 % Banco de Chile non-resident third party accounts 445 — 7,939,865 5.56 % 2.78 % Bando de Chile vi a Citi NA New York Clients 67,463 0.05 % 4,795,310 3.36 % 1.70 % Inversiones la Esperanza de Chile Limitada 4,246,226 2.97 % — — 1.49 % Larraín Vial S.A. Corredora de Bolsa 125,726 0.09 % 3,653,614 2.56 % 1.32 % AFP Habitat S.A. for Pension Fund C — — 2,914,292 2.04 % 1.02 % (1) As reported by DCV, which records the Company’s shareholders’ register as of December 31, 2022 and 2021 Inversiones TLC SpA, a subsidiary wholly owned by Tianqi Lithium Corporation, is the direct owner of 62,556,568 Series A shares of the Company equivalent to 21.90 % of SQM’s shares. Tianqi Lithium Corporation it owns 748,490 Series B shares as reported by Inversiones TLC SpA. So as of December 31, 2022, Tianqi Lithium Corporation owns 22.16% of all SQM shares through Series A shares and ADSs representing Series B shares. As of December 31, 2021, Tianqi Lithium Corporation directly and indirectly held 23.75 % of all SQM shares through Series A shares and ADSs representing Series B shares. (2) As of December 31, 2021, Sociedad de Inversiones Pampa Calichera S.A. has 47,480,196 Series A and B shares; 2,490,965 Series B shares are held by different brokers. As of December 31, 2022, the Sociedad de Inversiones Pampa Calichera S.A. had 46,600,458 series A shares, although 1,855,442 of these shares were held in custody by stockbrokers . 1.6 On April 28, 2021, the Company completed a US$1.1 billion capital stock increase. The capital stock increase was approved at an extraordinary shareholders’ meeting held by the Company on January 22, 2021. It included a mandatory 30-day pre-emptive rights offering, under Chilean law, to existing holders of the Company’s Series B common stock and a corresponding pre-emptive rights offering to existing holders of American Depositary Shares (ADSs). Existing shareholders received transferable share rights to subscribe for shares of Series B common stock at a subscription price of US$50 per share and the share rights were traded in Chile on the Santiago Stock Exchange and the Electronic Stock Exchange. Existing ADS holders received transferable ADS rights to subscribe for ADSs at a subscription price of US$50 per ADS and the ADS rights were traded in the U.S. on the New York Stock Exchange. The pre-emptive rights offerings ended on April 24, 2021 with respect to the share rights in Chile and on April 19, 2021 with respect to the ADS rights in the U.S. Of the 22,441,932 new Series B shares offered in the pre-emptive rights offerings, a total of 21,687,549 Series B shares (including shares in the form of ADSs), i.e. almost 97% of the Serie B shares offered, were subscribed in the preemptive rights offerings. The remaining 754,383 Series B shares that were not subscribed for in the pre-emptive rights offerings were offered and placed in auctions conducted through the Santiago Stock Exchange to investors in Chile and outside Chile (including in the United States) on April 28, 2021, at an average price of approximately US$54 per share. As of April 28, 2021, contributed capital is US$1.1 billion net of expenses for ThUS 24,503. |
Basis of presentation for the c
Basis of presentation for the consolidated financial statements | 12 Months Ended |
Dec. 31, 2022 | |
Basis of presentation for the consolidated financial statements | |
Basis of presentation for the consolidated financial statements | Note 2 2.1 These consolidated financial statements cover the following periods: (a) Consolidated Statements of Financial Position as of December 31, 2022 and 2021. (b) Consolidated Statements of Income from January 1 to December 31, 2022, 2021 and 2020. (c) Consolidated Statements of Comprehensive Income from January 1 to December 31, 2022, 2021 and 2020. (d) Consolidated Statements of Changes in Equity for the years ended December 31, 2022, 2021 and 2020. (e) Consolidated Statements of Cash Flows for the years ended December 31, 2022, 2021 and 2020. 2.2 Consolidated financial statements The consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with IFRS as issued by the IASB and they represent the full, explicit and unreserved adoption of IFRS. These consolidated financial statements fairly present the Company’s financial position, as of December 31, 2022 and 2021, the comprehensive results of operations, changes in equity and cash flows occurring for the three years ended December 31, 2022, 2021 and 2020. IFRS establish certain alternatives for their application, those applied by the Company are detailed in this Note and Note 3. The accounting policies used in the preparation of these consolidated financial statements comply with each IFRS in force at their date of presentation. The Company has revised its consolidated statement of financial position as of December 31, 2021 to correct the presentation of deferred tax assets and liabilities as follows(see Note 25.3). Original balances Balances reported as of Reclassification reclassified as of Items December 31, 2021 December 31, 2021 ThUS$ ThUS$ ThUS$ Deferred tax assets — 135,904 135,904 Deferred tax liabilities 110,416 135,904 246,320 This revision is not considered material to the previously issued financial statements. 2.3 The consolidated financial statements have been prepared on the historical cost basis except for the following: (a) Inventories are recorded at the lower of cost and net realizable value. (b) Financial derivatives measured at fair value. (c) Certain financial investments measured at fair value with an offsetting entry in other comprehensive income. 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, 2022: Mandatory for annual periods Amendments and improvements Description beginning on or after Reference the Conceptual Framework, amendments to IFRS 3 Minor changes were made to the IFRS 3 “Business Combinations” to update the references to the conceptual framework for financial reporting without changing the requirements for business combinations. 01-01-2022 Amendment to IAS 16, "Property, Plant and Equipment." Prohibits a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use. Instead, a company will recognize such sales proceeds and related cost in profit or loss. 01-01-2022 Amendment to IAS 37, "Provisions, Contingent Liabilities and Contingent Assets". Clarifies for onerous contracts what unavoidable costs a company must include to evaluate whether a contract generates losses. 01-01-2022 Annual Improvements to IFRS Standards 2018-2020 The following improvements were finalized in May 2020: IFRS 9 Financial Instruments. Clarifies what fees must be included in the "10 percent" test when evaluating whether to derecognize a financial liability 01-01-2022 IFRS 16 Leases The amendment to illustrative example 13 removes the illustration of the reimbursement of improvements to the leased asset made by the lessor to resolve any potential confusion in the treatment of lease incentives. 01-01-2022 Management determined that the adoption of the aforementioned standards, amendments and interpretations did not significantly impact the company’s consolidated financial statements. (b) Standards, interpretations and amendments issued that had not become effective for financial statements beginning on January 1, 2022 and which the Company has not adopted early are as follows: Mandatory for annual periods Standards and Interpretations Description beginning on or after Amendment to IAS 1 “Presentation of financial statements” on classification of liabilities. These amendments clarify that the liabilities will be classified as current or non-current depending on the rights that exist at the close of the reporting period. The classification is not affected by the expectations of the entity or the events subsequent to the report date (for example, the receipt of a waiver or noncompliance with the pact). The amendment also clarifies what IAS 1 means when referring to “liquidation” of a liability. The amendment must be applied retroactively in accordance with IAS 8. Effective date of application January 1, 2022; however, such date was deferred to January 1, 2024. 01-01-2024 Amendment to IAS 1 “Non-current liabilities with covenants”. The amendment is aimed at improving the information that an entity provides when the payment terms of its liabilities can be deferred depending on compliance with covenants within the twelve months following the date of issue of the financial statements. 01-01-2024 Amendments to IFRS 16 “Leases” On sales with leaseback, which explains how an entity should recognize the rights to use the asset and how the profits or losses from the sale and leaseback should be recognized in the financial statements. 01-01-2024 Amendments to IAS 1: “Presentation of the Financial Statements” and IAS 8 “Accounting policies, changes in accounting estimates and errors”. The amendments are intended to improve disclosures of accounting policies and to help users of financial statements distinguish between changes in accounting estimates and changes in accounting policies. 01-01-2023 Amendment to IAS 12 - Deferred taxes related to assets and liabilities that arise from a single transaction. These amendments require companies to recognize deferred taxes on transactions that result in equal amounts in taxable and deductible temporary differences in the initial recognition. 01-01-2023 Amendment to IFRS 10 “Consolidated Financial Statements” and IAS 28 “Investments in Associates and Joint Ventures”, Published in September 2014. These amendments address an inconsistency between the requirements in IFRS 10 and those in IAS 28 in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognized when a transaction involves a business -whether it is housed in a subsidiary or not. A partial gain or loss is recognized when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary. undetermined Management believes that the adoption of the above standards, amendments and interpretations will not have a significant impact on the Company’s financial statements. 2.5 (a) Subsidiaries The Company established control as the basis of consolidation of its financial statements. The Company controls a subsidiary when it is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. The consolidation of a subsidiary starts when the Group controls it and it is no longer included in the consolidation when this control is lost. Subsidiaries are consolidated through a line by line method, adding items that represent assets, liabilities, income and expenses with a similar content, and eliminating operations between companies within the SQM Group. Results for dependent companies acquired or disposed of during the period are included in the consolidated accounts from the date on which control is transferred to the SQM Group or until the date when this control ends, as relevant. To account for an acquisition of a business, the Company uses the acquisition method. Under this method, the acquisition cost is the fair value of assets delivered, equity securities issued, and incurred or assumed liabilities at the date of exchange. Assets, liabilities and contingencies identifiable assumed in a business combination are measured initially at fair value at the acquisition date. For each business combination, the Company will measure the non-controlling interest of the acquiree either at fair value or as proportional share of net identifiable assets of the acquire. The following tables lists the principal subsidiaries controlled by the Group as of December 31,2022: Country of Functional Ownership Interest Subsidiaries TAX ID No. Address Incorporation Currency Direct Indirect Total SQM Nitratos S.A. 96.592.190-7 El Trovador 4285, Las Condes Chile Dollar 99.9999 0.0001 100.0000 SQM Potasio S.A. 96.651.060-9 El Trovador 4285, Las Condes Chile Dollar 99.9999 0.0001 100.0000 Serv. Integrales de Tránsito y Transf. S.A. 79.770.780-5 Arturo Prat 1060, Tocopilla Chile Dollar 0.0003 99.9997 100.0000 Isapre Norte Grande Ltda. 79.906.120-1 Aníbal Pinto 3228, Antofagasta Chile Peso 1.0000 99.0000 100.0000 Ajay SQM Chile S.A. 96.592.180-K Av. Pdte. Eduardo Frei 4900, Santiago Chile Dollar 51.000 - 51.000 Almacenes y Depósitos Ltda. 79.876.080-7 El Trovador 4285, Las Condes Chile Peso 1.0000 99.0000 100.0000 SQM Salar S.A. 79.626.800-K El Trovador 4285, Las Condes Chile Dollar 18.1800 81.8200 100.0000 SQM Industrial S.A. 79.947.100-0 El Trovador 4285, Las Condes Chile Dollar 99.0470 0.9530 100.0000 Exploraciones Mineras S.A. 76.425.380-9 El Trovador 4285, Las Condes Chile Dollar 0.2691 99.7309 100.0000 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. 76.534.490-5 Aníbal Pinto 3228, Antofagasta Chile Peso - 100.0000 100.0000 Soquimich Comercial S.A. 79.768.170-9 El Trovador 4285, Las Condes Chile Dollar - 60.6383 60.6383 Comercial Agrorama Ltda. (1) 76.064.419-6 El Trovador 4285, Las Condes Chile Dollar - 60.6383 60.6383 Comercial Hydro S.A. 96.801.610-5 El Trovador 4285, Las Condes Chile Dollar - 100.0000 100.0000 Agrorama S.A. 76.145.229-0 El Trovador 4285, Las Condes Chile Dollar - 60.6383 60.6383 Orcoma Estudios SPA 76.359.919-1 Apoquindo 3721 OF 131, Las Condes Chile Dollar 100.0000 - 100.0000 Orcoma SPA 76.360.575-2 Apoquindo 3721 OF 131, Las Condes Chile Dollar 100.0000 - 100.0000 SQM MaG SpA 76.686.311-9 Los Militares 4290, Las Condes Chile Dollar - 100.0000 100.0000 Sociedad Contractual Minera Búfalo 77.114.779-8 Los Militares 4290, Las Condes Chile Dollar 99.9000 0.1000 100.0000 SQM North America Corp. Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar 40.0000 60.0000 100.0000 RS Agro Chemical Trading Corporation A.V.V. Foreign Caya Ernesto O. Petronia 17, Orangestad Aruba Dollar 98.3333 1.6667 100.0000 Nitratos Naturais do Chile Ltda. Foreign Al. Tocantis 75, 6° Andar, Conunto 608 Edif. West Gate, Alphaville Barureri, CEP 06455-020, Sao Paulo Brazil Dollar - 100.0000 100.0000 SQM Corporation N.V. Foreign Pietermaai 123, P.O. Box 897, Willemstad, Curacao Curacao Dollar 0.0002 99.9998 100.0000 SQM Perú S.A. (2) Foreign Avenida Camino Real N° 348 of. 702, San Isidro, Lima Perú Dollar 0.0091 99.9909 100.0000 SQM Ecuador S.A. Foreign Av. José Orrantia y Av. Juan Tanca Marengo Edificio Executive Center Piso 2 Oficina 211 Ecuador Dollar 0.00401 99.9960 100.0000 SQM Brasil Ltda. Foreign Al. Tocantis 75, 6° Andar, Conunto 608 Edif. West Gate, Alphaville Barureri, CEP 06455-020, Sao Paulo Brazil Dollar 0.5800 99.4200 100.0000 SQMC Holding Corporation. Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta United States of America Dollar 0.1000 99.9000 100.0000 SQM Japan Co. Ltd. Foreign From 1st Bldg 207, 5-3-10 Minami- Aoyama, Minato-ku, Tokio Japan Dollar 0.1597 99.8403 100.0000 (1) has control over the administration of Comercial Agrorama Ltda. (2) SQM Perú has been liquidated as of December 31, 2022. Country of Functional Ownership Interest Subsidiaries TAX ID No. Address Incorporation Currency Direct Indirect Total SQM Europe N.V. Foreign Houtdok-Noordkaai 25a B-2030 Amberes Belgium Dollar 0.5800 99.4200 100.0000 SQM Indonesia S.A. Foreign Perumahan Bumi Dirgantara Permai, Jl Suryadarma Blok Aw No 15 Rt 01/09 17436 Jatisari Pondok Gede Indonesia Dollar - 80.0000 80.0000 North American Trading Company Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar - 100.0000 100.0000 SQM Virginia LLC Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar - 100.0000 100.0000 SQM Comercial de México S.A. de C.V. Foreign Av. Moctezuma 144-4 Ciudad del Sol. CP 45050, Zapopan, Jalisco México México Dollar 0.0100 99.9900 100.0000 SQM Investment Corporation N.V. Foreign Pietermaai 123, P.O. Box 897, Willemstad, Curacao Curacao Dollar 1.0000 99.0000 100.0000 Royal Seed Trading Corporation A.V.V. Foreign Caya Ernesto O. Petronia 17, Orangestad Aruba Dollar 1.6700 98.3300 100.0000 SQM Lithium Specialties Limited Partnership Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar - 100.0000 100.0000 Comercial Caimán Internacional S.A. Foreign Edificio Plaza Bancomer Panamá Dollar - 100.0000 100.0000 SQM France S.A. Foreign ZAC des Pommiers 27930 FAUVILLE France Dollar - 100.0000 100.0000 Administración y Servicios Santiago S.A. de C.V. Foreign Av. Moctezuma 144-4 Ciudad del Sol, CP 45050, Zapopan, Jalisco México México Dollar - 100.0000 100.0000 SQM Nitratos México S.A. de C.V. Foreign Av. Moctezuma 144-4 Ciudad del Sol, CP 45050, Zapopan, Jalisco México México Dollar - 100.0000 100.0000 Soquimich European Holding B.V. Foreign Luna Arena, Herikerbergweg 238 1101 CM Amsterdan Holland Dollar - 100.0000 100.0000 SQM Iberian S.A. Foreign Provenza 251 Principal 1a CP 08008, Barcelona Spain Dollar - 100.0000 100.0000 SQM África Pty Ltd. Foreign Tramore House, 3 Wterford Office Park, Waterford Drive, 2191 Fourways, Johannesburg South Africa Dollar - 100.0000 100.0000 SQM Oceanía Pty Ltd. Foreign Level 9, 50 Park Street, Sydney NSW 2000, Sydney Australia Dollar - 100.0000 100.0000 SQM Beijing Commercial Co. Ltd. Foreign Room 1001C, CBD International Mansion N 16 Yong An Dong Li, Jian Wai Ave Beijing 100022, P.R. China Dollar - 100.0000 100.0000 SQM Thailand Limited Foreign Unit 2962, Level 29, N° 388, Exchange Tower Sukhumvit Road, Klongtoey Bangkok Thailand Dollar - 99.9980 99.9980 SQM Colombia SAS Foreign Cra 7 No 32 – 33 piso 29 Pbx: (571) 3384904 Fax: (571) 3384905 Bogotá D.C. – Colombia. Colombia Dollar - 100.0000 100.0000 SQM Australia PTY Foreign Level 16, 201 Elizabeth Street Sydney Australia Dollar - 100.0000 100.0000 SQM International N.V. Foreign Houtdok-Noordkaai 25a B-2030 Amberes Belgium Dollar 0.5800 99.4200 100.0000 SQM (Shanghai) Chemicals Co. Ltd. Foreign Room 4703-33, 47F, No.300 Middle Huaihai Road, Huangpu district, Shanghai China Dollar - 100.0000 100.0000 SQM Korea LLC Foreign Suite 22, Kyobo Building, 15th Floor, 1 Jongno Jongno-gu, Seoul, 03154 South Korea Korea Dollar - 100.0000 100.0000 SQM Holland B.V. Foreign Herikerbergweg 238, 1101 CM Amsterdam Zuidoost Holland Dollar - 100.0000 100.0000 2.6 Investments in joint arrangements are classified as 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. (a) Joint operations The Company recognizes its direct right to the assets, liabilities, income and expenses of the joint arrangement. (b) Joint ventures and investments in associates Interests in companies over which joint control is exercised (joint ventures) or where an entity has significant influence (associates) are recognized using the equity accounting method. Significant influence is presumed when the investor owns over 20% of the investee’s share capital. The investment is recognized using this method in the statement of financial position at cost plus changes subsequent to acquisition and includes the proportional share of the associate’s equity. For these purposes, the percentage interest in the associate is used. The associated acquired goodwill is included in the investee’s book value and is not amortized. The debit or credit to the income statement reflects the proportional share of the profit or loss of the associate. Unrealized gains from transactions with joint ventures or associates are eliminated in accordance with the Company’s percentage interest in such entities. Any unrealized losses are also eliminated, unless that transaction provides evidence that the transferred asset is impaired. Changes in associate’s or joint ventures equity are recognized proportionally with a charge or credit to "Other Reserves" and are classified according to their origin. The reporting dates of the associate or joint ventures, the Company and related policies are similar for equivalent transactions and events in similar circumstances. In the event that significant influence is lost, or the investment is sold, or held for sale, the equity method is suspended, not recognizing the proportional share of the gain or loss. If the resulting value under the equity method is negative, the share of profit or loss is reflected as zero in the consolidated financial statements, unless there is a commitment by the Company to restore the capital position of the Company, in which case the related risk provision and expense are recorded. Dividends received by these companies are recorded by reducing the value of the investment and are shown in cash flows from operating activities, and the proportional share of the gain or loss recognized in accordance with the equity method is included in the consolidated income statement under "Share of Gains (Losses) of Associates and Joint Ventures Accounted for Using the Equity Method’’. |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Significant accounting policies | |
Significant accounting policies | Note 3 3.1 Classification of balances as current and non-current In the 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, without decimal places, 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. 3.3 Accounting policy for foreign currency translation (a) SQM 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 shareholder’s equity (“foreign currency translation reserve”). 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 UF used to translate monetary assets and liabilities, expressed in foreign currency at the end and average of each period in respect to U.S. dollars, are as follows: Closing exchange rates Average exchange rates As of As of As of As of December 31, December 31, December 31, December 31, Currencies 2022 2021 2022 2021 ThUS$ ThUS$ ThUS$ ThUS$ Brazilian real 5.28 5.57 5.25 5.66 New Peruvian sol 3.81 3.99 3.83 4.04 Japanese yen 131.32 115.18 134.70 113.87 Euro 0.93 0.88 0.94 0.88 Mexican peso 19.50 20.54 19.60 20.90 Australian dollar 1.47 1.38 1.48 1.40 Pound Sterling 0.83 0.74 0.82 0.75 South African rand 17.01 15.94 17.28 15.88 Chilean peso 855.86 844.69 873.81 849.46 Chinese yuan 6.92 6.38 6.98 6.37 Indian rupee 82.73 74.42 82.52 75.40 Thai Baht 34.64 33.32 34.76 33.55 Turkish lira 18.71 13.28 18.66 13.54 Korean Won 1,259.98 1,188.79 1,291.64 1,183.95 Indonesian Rupiah 15,570.00 14,265.00 15,596.90 14,320.57 United Arab Emirates dirham 3.67 3.67 3.67 3.67 Polish Zloty 4.37 4.06 4.42 4.08 UF (*) 41.02 36.69 40.18 36.48 (*) US$ per UF (b) Transactions and balances The Company’s 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 until disposal of the investment, 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 Cash equivalents correspond to highly liquid short-term investments that are easily convertible into known amounts of cash and 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 present cash transactions performed during the period, determined using the direct method. 3.5 Management determines the classification of its financial assets at fair value (either through other comprehensive income, or through profit or loss), 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. The initial value of the Company's financial assets valued at fair value through comprehensive income includes the transaction costs that are directly attributable to acquiring that financial asset on the date the Company commits to acquiring it, whereas the transaction costs for financial assets valued at fair value through profit or loss are expensed. The initial value of trade and other receivables that do not include a significant financial component is their transaction price. After initial recognition, the Company measures its financial assets according to the Company’s business model for managing its financial assets and the contractual terms of its cash flows: (a) Financial debt instruments measured at amortized cost. Financial assets that meet the following conditions are included in this category (i) the business model that supports it aims to maintain the financial assets to obtain the contractual cash flows and 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. The Company’s financial assets that meet these conditions are: (ii) cash equivalents; (iii) related party receivables; (iv) trade debtors; (v) other receivables. (b) Financial instruments at fair value. A financial asset should be measured at fair value through profit or loss or fair value through other comprehensive income, depending on the following: (i) "Fair Value Through Other Comprehensive Income": Assets held to collect contractual cash flows and to be sold, where the asset cash flows are only capital and interest payments, are measured at fair value through other comprehensive income. Changes in book values are through other comprehensive income, except for the recognition of impairment losses, interest income and exchange gains and losses, which are recognized in the income statement. When a financial asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to the income statement. Interest income from these financial assets is included in financial income using the effective interest method. (ii) "Fair Value Through Profit and Loss": Assets that do not meet the amortized cost or "Fair Value Through Other Comprehensive Income" criteria are valued at "Fair Value Through Profit and Loss". (c) Financial equity instruments at fair value through other comprehensive income. Equity instruments that are not classified as held for trading and which the Group has irrevocably chosen to recognize in this category. Amounts presented in other comprehensive income will not be subsequently transferred to profit or loss. 3.6 Financial assets impairment The Company evaluates expected credit losses associated with its debt instruments carried at amortized cost and fair value through other comprehensive income. The impairment method used depends on whether there has been a significant increase in credit risk. The Company applies simplified approach to measure expected credit losses using the lifetime expected loss on all trade receivables. Expected credit losses are measured by grouping receivables by their shared credit risk characteristics and days overdue. The Company has concluded that the expected loss rates for trade receivables are a reasonable approximation of the loss rates for contract assets. Expected loss rates are based on sales payment profiles and historical credit losses within this period. Historical loss rates are adjusted to reflect current expectations and information regarding macroeconomic factors that affect the ability of customers to meet their commitments. Impairment losses from receivables and contract assets are shown as net impairment losses in the line “Impairment of financial assets and reversal of impairment losses,” see Note 21.7. The subsequent recovery of previously canceled amounts are credited to the same line. 3.7 Management accounts for its financial liabilities at amortized cost. Upon initial recognition, the Company measures its financial liabilities by their fair value less the transaction costs that are directly attributable to the acquisition of the financial liability. The Company subsequently measures its financial liabilities at amortized cost. Financial liabilities measured at amortized cost are commercial accounts payable and other accounts payable and other financial liabilities. Amortized cost is based using the effective interest rate method. Amortized cost is calculated by considering any premium or discount on the acquisition and includes transaction costs that are an integral part of the effective interest rate. 3.8 The fair value of financial assets and liabilities is estimated using the following information. Although the data represent Management's best estimates, it is subjective and involves significant estimates regarding current economic conditions, market conditions and risk characteristics. Methodologies and assumptions used depend on the risk terms and characteristics of instruments and include the following as a summary: Fair value estimation Financial assets and liabilities measured at fair value consist of forwards hedging the mismatch in the balance sheet and cash flows, options hedging the mismatch in the balance sheet and cross currency swaps to hedge bonds issued in local currency (Peso/UF). The fair value of the Company’s assets and liabilities recognized by cross currency swaps contracts is calculated as the difference between the present value of discounted cash flows of the asset (Peso/UF) and liability (Dollar) parts of the derivative. In the case of the IRS, the asset value recognized is calculated as the difference between the discounted cash flows of the asset (variable rate) and liability (fixed rate) parts of the derivative. Forwards are calculated as the difference between the strike price of the contract and the spot price plus the forwards points at the date of the contract. Financial options: the value recognized is calculated using the Black-Scholes method. In the case of CCS, the entry data used for the valuation models are UF, Peso, Dollar and basis swap rates. In the case of fair value calculations for interest rate swaps, the Forward Rate Agreement rate and ICVS 23 Curve (Bloomberg: cash/deposits rates, futures, swaps). In the case of forwards, the forwards curve for the currency in question is used. Finally, for options, the spot price, risk-free rate and volatility of exchange rate are used, all in accordance with the currencies used in each valuation. The financial information used as entry data for the Company’s valuation models is obtained from Bloomberg, the well-known financial software company. Conversely, the fair value provided by the counterparties of derivatives contracts is used only as a control and not for valuation. The effects on profit or loss of movements in these amounts is recognized in the caption finance costs, foreign currency translation gain (loss) or cash flow hedge reserve in the statement of comprehensive income, depending on each particular case. Estimate of fair value for disclosure purposes ● Cash equivalent approximates fair value due to the short-term maturities of these instruments. ● The fair value of current trade receivables is considered to be equal to the carrying amount due to the maturity of such accounts at short-term. ● Payables, current lease liabilities and other current financial liabilities are considered fair value equal to book value due to the short-term maturity of these accounts. ● The fair value of the debt (long-term secured and unsecured debentures; bonds denominated in local currency (Peso/UF) and foreign currency (Dollar), borrowings denominated in foreign currency (Dollar) and lease liabilities of the Company are calculated at current value of cash flows subtracted from market rates upon valuation, considering the terms of maturity and exchange rates. The UF and Peso rate curves are used as inputs for the valuation model. This information is obtained through from the renowned financial software company, Bloomberg, and the Chilean Association of Banks and Financial Institutions 3.9 When the Company changes its business model for managing financial assets, it will reclassify all its financial assets affected by the new business model. Financial liabilities cannot be reclassified. 3.10 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 from the principle responsibility contained in the liability. 3.11 The 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 a recognized asset or liability 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 12.3. 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) The effective portion of the gain or loss on the hedging instrument is initially recognized with a debit or credit to other comprehensive income, while any ineffective portion is immediately recognized to income, as appropriate, depending on the nature of the hedged risk. The amounts accumulated in other comprehensive income are carried over to results when the hedged items are settled or when these have an impact on income. When a hedging instrument no longer meets the criteria for hedge accounting, any cumulative deferred gain or loss and deferred costs of hedging in equity at that time remains in equity until the forecast transaction occurs. When the forecast transaction is no longer expected to occur, the cumulative gain or loss and deferred costs of hedging that were reported in other comprehensive income are immediately reclassified to profit or loss. 3.12 Derivative financial instruments not considered as hedges are recognized at fair value with the effect in the profit of the year. The Company has derivative financial instruments to hedge foreign currency risk exposure. The Company continually evaluates the existence of embedded derivatives in both its contracts and in its financial instruments. As of December 31, 2022, and 2021, the Company does not have any embedded derivatives. 3.13 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 independent of payment date. These are recognized under other non-financial assets current. 3.14 Leases (a) Right-of-use assets The Company recognizes right-of-use assets on the initial lease date (i.e., the date on which the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, adjusted by any new measurement of the lease liability. The cost of right-of-use assets includes the amount of recognized lease liabilities, direct initial costs incurred and lease payments made on the start date or sooner, less the lease incentives received. Unless the Company is reasonably sure it will take ownership of the leased asset at the end of the lease period, the assets recognized through right-of-use are depreciated in a straight line during the shortest period of their estimated useful life and lease period. Right-of-use assets are subject to impairment. (b) Lease liabilities On the lease start date, the Company recognizes lease liabilities measured at present value of lease payments that will be made during the lease period. Lease payments include fixed payments (including payments that are essentially fixed), less incentives for lease receivables, variable lease payments that are dependent on an index or rate and amounts that are expected to be paid as guaranteed residual value. Lease payments also include the exercise price of a purchase option if the Company is reasonably sure it will exercise this and penalty payments for terminating a lease, if the lease period reflects that the Company will exercise the option to terminate. Variable lease payments that are not dependent on an index or rate are recognized as expenses in the period that produces the event or condition that triggers payment. When calculating the present value of lease payments, the Company uses the incremental borrowing rate on the initial lease date if the interest rate implicit in the lease cannot be determined easily. After the start date, the lease liability balance will increase to reflect the accumulation of interest and will diminish as lease payments are made. Furthermore, the book value of lease liabilities is remeasured in the event of an amendment, a change in the lease period, a change in the fixed lease payments in substance or a change in the assessment to buy the underlying asset. Payments made that affect lease liabilities are presented as part of the financing activities in the cash flow statement. (c) Short-term leases and low-value asset leases The Company applies the short-term lease recognition exemption to leases with a lease term of 12 months or less starting on the start date and that don’t have a purchase option. It also applies the low-value asset lease recognition exemptions to leases less than the limit specified in the respective accounting standard. Lease payments in short-term leases and low-value asset leases are recognized as lineal expenses during the lease term. (d) Significant judgments in the determination of the lease term for contracts with renewal options. The Company determines the lease term as the non-cancellable period of the lease, together with periods covered by an option to extend the lease if it is reasonably certain that this will be exercised, or any period covered by an option to terminate the lease, if it is reasonably certain that this will not be exercised. The Company has the option, under some of its leases, to lease assets for additional terms. The Company applies its judgment when assessing whether it is reasonably certain that it will exercise the option to renovate. In other words, it considers all the relevant factors that create an economic incentive for it to exercise the option to renovate. After the start date, the Company reevaluates the lease term if there is a significant event or change in the circumstances that are under its control and affect its capacity to exercise (or not exercise) the option to renovate. 3.15 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: (a) Provision associated with the lower value of stock: The provision is directly identified with the product that generates it and involves three types: (i) 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; (ii) 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; (iii) reprocessing costs of products that are unfeasible for sale due to current specifications. (b) Provision associated with physical differences in inventory : A provision is made for differences that exceed the tolerance considered in the respective inventory process (physical and annual inventories are taken for the productive units in Chile and the port of Tocopilla; 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. (c) 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. (d) 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 at the moment they are detected. The company has a provision based on 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 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. 3.17 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. The maturity conditions vary according to the originating transaction. 3.18 Property, plant and equipment 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: (a) 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. (b) 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 and its subsequent variation is recorded directly in results. 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 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. The cost of interest is recognized by applying an average or average weighted interest rate for all financing costs incurred by the Company to the final monthly balances for works underway and complies with the requirements of IAS 23. Financing costs are not activated for periods that exceed the normal term for acquisition, construction or installation of the property; such is the case for delays, interruptions or temporary suspension of the project due to technical, financial or other problems that make it impossible to leave the property in usable conditions. 3.19 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 and depreciated over their expected useful lives. Useful lives are reviewed on an annual basis. Fixed assets located in 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 certain 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: Minimum life or Maximum life or Life or average rate Classes of property, plant and equipment rate (years) rate (years) in years Mining assets 3 10 8 Energy generating assets 5 16 10 Buildings 3 25 13 Supplies and accessories 4 10 8 Office equipment 5 10 9 Transport equipment 8 9 9 Network and communication equipment 4 12 8 IT equipment 5 10 8 Machinery, plant and equipment 3 25 10 Other fixed assets 3 15 9 3.20 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 the line item 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. 3.21 Intangible assets other than goodwill mainly relate to water rights, costs for rights of way for electricity lines, software and licensing costs, the development of computer software and mining property and concession rights. (a) Water rights Water rights acquired by the Company relate to water from natural sources and are recorded at acquisition cost. The Company separates water rights into: i) Finite rights with amortization using the straight-line method, and ii) Indefinite rights, which are not amortized, given that these assets represent rights granted in perpetuity to the Company, which are subject to an annual impairment assessment. (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 asset. Amounts paid are capitalized at the date of the agreement and amortized in 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 are 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 Western Australian Governments. Property rights from the State of Chile are u |
Financial risk management
Financial risk management | 12 Months Ended |
Dec. 31, 2022 | |
Financial risk management | |
Financial risk management | Note 4 4.1 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, credit 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. 4.2 (a) Credit risk A global economic contraction may have potentially negative effects on the financial assets of the Company, which are primarily made up of financial investments and trade receivables, and the impact on 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. Trade receivables: to mitigate credit risk, the Company maintains active control of collection and requires the use of credit insurance. Credit insurance covers the risk of insolvency and unpaid invoices corresponding to 80% of all receivables with third parties. The credit risk associated with receivables is analyzed in Note 12.2 b) and the related accounting policy can be found in Note 3.6. Bank promissory notes: These are negotiable promissory notes issued at the request of customers by a bank payable upon maturity to guarantee collection. These notes are accepted based on the credit quality of the issuing banks. As of December 31, Financial institution Financial assets Rating 2022 Moody´s S&P Fitch ThUS$ Agricultural Bank of China Bank notes P-1 A-1 F1+ 10,334 Bank of China Limited Bank notes P-1 A-1 F1+ 27,936 Bank of Jiujiang Bank notes P-2 - - 1,964 Bank of Ningbo Bank notes P-2 - - 3,148 Others Bank notes - - - 1,887 Total 45,269 December 31, Financial institution Financial assets Rating 2021 Moody´s S&P Fitch ThUS$ Agricultural Bank of China Bank notes P-1 A-1 A 860 Bank of China Limited Bank notes P-1 A-1 A 4,167 Bank of Communications Bank notes P-1 A-2 A 7,422 China CITIC Bank Corp Ltd Bank notes P-2 A-2 BBBu 2,623 China Construction Bank Corporation Bank notes - A-1 A 7,122 China Everbrith Bank Co. Ltd Bank notes (P) P-2 A-2 BBB 6,569 China Merchants Bank Bank notes - A-2 A-u 22,628 China Minsheng Bank Corporation Bank notes - A-3 BB+u 784 Industrial & Commercial Bank of China Limited Bank notes P-1 A-1 Au 353 Industrial Bank Bank notes P-2 - BBB 6,615 Ping An Bank Bank notes P-2 A-2 BB+u 8,391 Shanghai Pudong Development Bank Co. Ltd Bank notes P-2 A-2 BBB 7,905 China Development Bank Bank notes A1 A-1 F1+u 16,807 Postal Savings Bank of China Bank notes - A-1 A+ 4,718 KEB Hana Bank (China) Bank notes P-1 A-1 F1+ 1,121 Total 98,085 Concentrations of credit risk with regard to trade receivables are reduced, owing to the Company’s large number of clients and their distribution around the globe. No significant modifications have been made during the period to risk models or parameters used in comparison to December 31, 2022, and no modifications have been made to contractual cash flows that have been significant during this period, except for considering in December 2022 the incorporation of cash flows received from insurance claims in the determination of the allowance for doubtful accounts. The effect of this change was not significant to the overall financial statements as of December 31, 2022. 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 counterparty risk in implementation of financial operations is assessed on an ongoing basis for all financial institutions in which the Company holds financial investments. The credit quality of financial assets that are not past due or impaired can be evaluated by reference to external credit ratings (if they are available) or historical information on counterparty late payment rates: As of December 31, Financial institution Financial assets Rating 2022 Moody´s S&P Fitch ThUS$ Banco crédito e Inversiones Time deposits - A-2 F2 150,578 Banco Itaú Corpbanca Time deposits P-2 A-2 - 284,915 Banco Santander – Santiago Time deposits P-1 A-2 - 124,689 Scotiabank Chile Time deposits - - F1+ 416,026 Sumitomo Mitsui Banking Time deposits P-1 - - 122,631 Banco de Chile Time deposits - A-1 - 602 JP Morgan US Dollar liquidity Fund Institucional Investment fund Aaa-mf AAAm AAAmmf 435,485 Legg Mason - Western Asset Institutional cash reserves Investment fund - AAAm AAAmmf 590,661 Total 2,125,587 Banco crédito e Inversiones Time deposits - A-2 F2 187,707 Banco Itaú Corpbanca Time deposits P-2 A-2 - 15,048 Banco Santander - Santiago Time deposits P-1 A-2 - 51,444 Banco Estado Time deposits P-1 A-1 - 85,055 Scotiabank Chile Time deposits - - F1+ 250,362 Banco de Chile Time deposits - A-1 - 150,259 Sumitomo Mitsui Banking Time deposits P-1 - - 210,292 Total 950,167 As of December 31, Financial institution Financial assets Rating 2021 Moody´s S&P Fitch ThUS$ Banco crédito e Inversiones Time deposits P-1 A-2 F2- 9,752 Banco Itaú Corpbanca Time deposits P-2 A-2 - 8,001 Banco Santander – Santiago Time deposits P-1 A-2 - 9,052 Scotiabank Sud Americano Time deposits P-1 A-1 F1+ 10,750 Other banks Time deposits - - F1+ 200,100 JP Morgan US dollar Liquidity Fund Institutional Investment fund Aaa-mf AAAm AAAmmf 381,297 Legg Mason - Western Asset Institutional cash reserves Investment fund - AAAm AAAmmf 233,648 Total 852,600 Banco crédito e Inversiones Time deposits P-1 A-2 - 34,325 Banco Itaú Corpbanca Time deposits P-2 A-2 - 195,471 Banco Santander - Santiago Time deposits P-1 A-2 - 65,899 Scotiabank Sud Americano Time deposits P-1 A-1 F1+ 289,421 Sumitomo Mitsui Banking Time deposits P-1 - F1 320,054 Total 905,170 (b) 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 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 Peso. Therefore, an increase or decrease in its exchange rate with the US dollar will provoke a respective decrease or increase to these accounting costs, which would be reflected in the Company’s profit and loss. By the fourth quarter of 2022, approximately US$644 million accumulated in expenses are associated with the Peso. As of December 31, 2022, the Company held derivative instruments classified as hedges of foreign exchange risks associated with 100% of all the bond obligations denominated in UF, for a net liability fair value of US$11.73 million, this significant variation is explained primarily by the USD/CLP exchange rate observed at the end of the period. As of December 31, 2021, this value corresponds to a net liability amounting US$ 81.60 million. Furthermore, on of December 31, 2022, the Company held derivative instruments classified as hedges of foreign exchange risks associated with 100% of all nominative term deposits in UF and in pesos, at a net assets fair value of US$29.98 million. As of December 31, 2021, a net assets fair value was recognized for an amount of US$12.61 million. The Company contracted derivatives classified as foreign exchange hedges for all the expected disbursements in Australian dollars for the Mt Holland project (See note 8.5), to hedge its exposure to cash flow variations. The fair value of this hedge was a net asset of US$ 7.14 million as of December 31, 2022. The Company had the following derivative contracts as of December 31, 2022 (at the absolute value of the sum of their notional values), to hedge the difference between its assets and liabilities: US$ 87.00 million CLP/US dollar derivative contracts, US$ 38.05 million Euro/US dollar derivative contracts, US$ 46.84 million in South African rand/US dollar derivative contracts, US$ 333.19 million in Chinese renminbi/US dollar derivative contracts, US$ 51.29 million in Australian dollar/US dollar derivative contracts and US$ 7.3 million in other currencies. These derivative contracts are held with domestic and foreign banks, which have the following credit ratings as of December 31, 2022. Financial institution Financial assets Rating Moody´s S&P Fitch Banco Estado Derivative P-1 A-1 - Merrill Lynch International Derivative - A-1 - JP Morgan Derivative P-1 A-2 F1+ Morgan Stanley Derivative P-1 A-2 F1 The Bank of Nova Scotia Derivative P-1 A-1 F1+ Banco Itaú-Corpbanca Derivative P-2 A-2 - Goldman Sachs Derivative P-1 A-2 F1 (c) 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. Significant increases in the rate could make it difficult to access financing at attractive rates for the Company’s investment projects. The Company maintains current and non-current financial debt at fixed rates and LIBOR (maturing on May 30, 2023) rate plus spread and at a SOFR rate plus spread. As of December 31, 2022, the Company has 7.0% of its financial liabilities linked to variations SOFR and 2.5% of its financial liabilities subject to variations in the LIBOR rate. 100% of these obligations are covered by derivative instruments classified as interest rate hedges, whose value as of December 31, 2022 was a net asset of ThUS$ 1,666. Therefore, a significant increase in the rate would not affect the financial value of this hedged obligation. (d) 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. For this purpose, the Company keeps a high liquidity ratio 1 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 the Company’s access to financial resources. Such factors may have a material adverse impact on the Company’s business, financial position and results of operations. The Company 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, 2022, the Company had unused, available revolving credit facilities with banks, for a total of US$694 million. Working capital bank lines committed and available at December 31, 2022 totaled US$100 million. 1 All current assets divided by all current liabilities. Cash and cash equivalents are invested in highly liquid mutual funds with an AAA risk rating. Nature of undiscounted cash flows As of December 31, 2022 Carrying (figures expressed in millions of US dollars) amount Less than 1 year 1 to 5 years Over 5 years Total Bank borrowings 330.80 144.83 220.33 — 365.16 Unsecured obligations 2,550.60 405.17 616.66 2,935.15 3,956.98 Sub total 2,881.40 550.00 836.99 2,935.15 4,322.14 Hedging liabilities 62.53 40.76 20.43 12.68 73.87 Derivative financial instruments 5.82 5.82 — — 5.82 Sub total 68.35 46.58 20.43 12.68 79.69 Current and non-current lease liabilities 61.73 13.94 36.33 27.85 78.12 Trade accounts payable and other accounts payable 374.79 374.79 — — 374.79 Total 3,386.27 985.31 893.75 2,975.68 4,854.74 Nature of undiscounted cash flows As of December 31, 2021 Carrying (figures expressed in millions of US dollars) amount Less than 1 year 1 to 5 years Over 5 years Total Bank borrowings 70.08 1.05 70.64 — 71.69 Unsecured obligations 2,518.64 108.06 924.03 2,980.91 4,013.00 Sub total 2,588.72 109.11 994.67 2,980.91 4,084.69 Hedging liabilities 85.25 12.38 31.58 39.70 83.66 Derivative financial instruments 1.67 1.67 — — 1.67 Sub total 86.92 14.05 31.58 39.70 85.33 Current and non-current lease liabilities 54.22 8.88 30.97 29.08 68.93 Trade accounts payable and other accounts payable 279.65 279.65 — — 279.65 Total 3,009.51 411.69 1,057.22 3,049.69 4,518.60 As of December 31, 2022, the nominal value of the agreed cash flows in US dollars of the CCS contracts were ThUS$ 512,236 (ThUS$ 549,239 as of December 31, 2021). 4.3 The Company documents and maintains methods for qualitatively measuring the effectiveness and efficiency of financial risk management strategies. These methods are consistent with SQM Group’s risk management profile. |
Separate information on the mai
Separate information on the main office, parent entity and joint action agreements | 12 Months Ended |
Dec. 31, 2022 | |
Separate information on the main office, parent entity and joint action agreements | |
Separate information on the main office, parent entity and joint action agreements | Note 5 5.1 Parent’s stand-alone assets and liabilities As of As of December 31, December 31, Parent’s stand-alone assets and liabilities 2022 2021 ThUS$ ThUS$ Assets 8,430,376 5,988,757 Liabilities (3,533,744) (2,807,237) Equity 4,896,632 3,181,520 5.2 Parent entity Pursuant to Article 99 of the Securities Market Law, the CMF may determine that a company does not have a controlling entity 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 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 Pampa Group the controlling entity of the Company and that the Company does not have a controlling entity given its current ownership structure. |
Board of Directors, Senior Mana
Board of Directors, Senior Management and Key management personnel | 12 Months Ended |
Dec. 31, 2022 | |
Board of Directors, Senior Management and Key management personnel | |
Board of Directors, Senior Management and Key management personnel | Note 6 6.1 (a) Board of directors SQM S.A. is managed by a Board of Directors which is composed of 8 directors, who are elected for a three-year period. The Board of Directors was elected during the ordinary shareholders’ meeting held on April 26, 2022, which included the election of 2 independent directors. Subsequent to such election, the following is the integration of the Company's committees: - Directors’ Committee: This committee is comprised by Gina Ocqueteau Tacchini, Antonio Gil Nievas and Ashley Ozols and fulfills the functions established in Article 50 bis of Chilean Law on publicly-held corporations. This committee takes on the role of the audit committee in accordance with the US-based Sarbanes Oxley law. - The Company’s Health, Safety and Environment Committee: This committee is comprised of Gonzalo Guerrero Yamamoto, Patricio Contesse Fica and Dang Qi. - Corporate Governance Committee: This committee is comprised of Hernán Büchi Buc, Patricio Contesse Fica and Antonio Schneider Chaigneau. During the periods covered by these financial statements, there are no pending receivable and payable balances between the Company, its directors or members of Senior Management, other than those related to remuneration, fee allowances and profit-sharing. Except for a consulting contract between the Company and the Director Gonzalo Guerrero as disclosed in Note 11. There were no other transactions conducted between the Company, its directors or members of Senior Management. (b) Board of Directors’ Compensation Board members’ compensation for 2021, that is from April 23, 2021 to April 26, 2022, was determined by the Annual General Shareholders Meeting held on April 23, 2021. It is as follows: (i) The payment of a fixed, gross and monthly amount of UF 800 in favor of the Chairman of the Board of Directors, of UF 700 in favor of the vice-president of the board of directors and of UF 600 in favor of the remaining six directors and regardless of the number of Board of Directors’ Meetings held or not held during the related month. (ii) A variable gross amount payable to the Chairman and Vice President of the board of directors equivalent to 0.12% of the net liquid income earned by the Company in the respective business year for each; and (iii) A variable gross amount payable to each Company director, excluding the Chairman and Vice President of the board of directors, equivalent to 0.06% of the net liquid income earned in the respective business year. Compensation of the Board for 2022, that is from April 26, 2022 to April 26, 2023, was determined by the Annual General Shareholders Meeting held on April 26, 2022. It is as follows: (i) The payment of a fixed, gross and monthly amount of UF 800 in favor of the Chairman of the Board of Directors, of UF 700 in favor of the vice-president of the board of directors and of UF 600 in favor of the remaining six directors and regardless of the number of Board of Directors’ Meetings held or not held during the related month. (ii) A variable gross amount payable to the Chairman and Vice President of the board of directors equivalent to 0.12% of the net liquid income that the Company effectively obtains during the respective business year for each; and (iii) A variable gross amount payable in local currency to each Company director, excluding the Chairman and Vice President of the Company, equivalent to 0.06% of the net liquid income that the Company effectively obtains during the respective business year. To calculate the variable compensation amount for 2022, net earnings from 2022 will be considered, up to a maximum of 110% of the 2021 net earnings. These fixed and variable amounts for both periods shall not be challenged and those expressed in percentage terms shall be paid immediately after the respective annual general shareholders meeting approves the financial statements, the annual report, the account inspectors report and the external auditors report for the respective year. Accordingly, the compensation and profit sharing paid to members of the Directors' Committee and the directors as of December 31, 2022, amounted to ThUS$ 6,711 and as of December 31, 2021 to ThUS$ 3,749, and as of December 31, 2020 to ThUS$ 4,553. (c) Directors’ Committee compensation Compensation for the Board of Directors is the same for both 2021 and 2022, as follows: (i) The payment of a fixed, gross and monthly amount of UF 200 in favor of each of the 3 directors who were 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. (ii) 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 from the respective business year. To calculate the variable compensation amount for 2022, the net income from 2022 will be considered, up to a maximum of 110% of the 2021 net income. These fixed and variable amounts for both periods shall not be challenged and those expressed in percentage terms shall be paid immediately after the respective annual general shareholders meeting approves the financial statements, the annual report, the account inspectors report and the external auditors report for the respective year. (d) Health, Safety and Environmental Matters Committee: The remuneration of this committee for the 2021 period was composed of the payment of a fixed, gross, monthly amount of UF 100 for each of the 3 directors on the committee regardless of the number of meetings it has held. For the 2022 period, this remuneration remains unchanged. (e) Corporate Governance Committee The remuneration for this committee for the 2021 period was composed of the payment of a fixed, gross, monthly amount of UF 100 for each of the 3 directors on the committees regardless of the number of meetings it has held. For the 2022 period, this remuneration remains unchanged. (f) Guarantees constituted in favor of the directors No guarantees have been constituted in favor of the directors. (g) Senior management compensation: (i) This includes monthly fixed salary and variable performance bonuses. (See Note 6.2) (ii) The Company 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. (iii) In addition, there are retention bonuses for its executives (see Note 17.6) (h) Guarantees pledged in favor of the Company’s management No guarantees have been pledged in favor of the Company’s management. (i) Pensions, life insurance, paid leave, shares in earnings, incentives, disability loans, other than those mentioned in the above points. The Company’s Management and Directors do not receive or have not received any benefit during the years ended December 31, 2022, 2021 and 2020 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. 6.2 Key management personnel compensation As of December 31, 2022, and 2021, the number of the key management personnel is 142 and 127, respectively. For the year ended For the year ended For the year ended December 31, December 31, December 31, Key management personnel compensation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Key management personnel compensation 29,633 31,560 23,770 Please also see the description of the compensation plan for executives in Note 17.6. |
Equity-accounted investees
Equity-accounted investees | 12 Months Ended |
Dec. 31, 2022 | |
Equity-accounted investees | |
Equity-accounted investees | Note 7 7.1 Share in profit (loss) of associates Share in other comprehensive income of Share in total comprehensive income of accounted for using the equity associates accounted for using the equity associates accounted for using the equity Equity-accounted investees method method method For the year For the year For the year For the year For the year For the year For the year For the year For the year As of As of As of ended ended ended ended ended ended ended ended ended December December December December December December December December December December December December Associate 31, 2022 31, 2021 31, 2020 31, 2022 31, 2021 31, 2020 31, 2022 31, 2021 31, 2020 31, 2022 31, 2021 31, 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL — — 11,505 — — (156) — — — — — (156) Doktor Tarsa Tarim Sanayi AS (*) — — — — — 4,031 — — — — — 4,031 Ajay North America 17,654 15,899 14,468 5,351 2,802 2,191 — — — 5,351 2,802 2,191 Ajay Europe SARL 8,624 8,213 7,875 6,130 1,852 1,029 (498) 360 756 5,632 2,212 1,785 SQM Eastmed Turkey (*) — — — — — 247 — — — — — 247 Kore Potash PLC (**) — — 26,175 — — (224) — — (374) — — (598) Total 26,278 24,112 60,023 11,481 4,654 7,118 (498) 360 382 10,983 5,014 7,500 (*) These investments were disposed of in 2020 (**) For more details, see Note 7.3 (b). Dividends received for the year ending Share of Description of the nature Country of ownership in December 31, December 31, December 31, Associate of the relationship Address incorporation associates 2022 2021 2020 ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL Distribution and commercialization of specialty plant nutrients in the Middle East. PO Box 71871, Abu Dhabi United Arab Emirates 37 % 3,000 9,438 — Ajay North America Production and distribution of iodine and iodine derivatives. 1400 Industry RD Power Springs GA 30129 United States of North America 49 % 1,576 1,233 1,967 Ajay Europe SARL Production and distribution of iodine and iodine derivatives. Z.I. du Grand Verger BP 227 53602 Evron Cedex France 50 % 1,778 992 1,197 Total 6,354 11,663 3,164 7.2 The information disclosed reflects the amounts presented in the financial statements of the relevant associates and not the Company's share of those amounts. As of December 31, 2022 For the year ended December 31, 2022 Assets Liabilities Other comprehensive Comprehensive Associate Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Ajay North America 30,455 15,972 10,395 2 63,482 10,919 — 10,919 Ajay Europe SARL 33,742 1,992 18,486 — 64,060 12,261 (21) 12,240 Total 64,197 17,964 28,881 2 127,542 23,180 (21) 23,159 As of December 31, 2021 For the year ended December 31, 2021 Assets Liabilities Other comprehensive Comprehensive Associate Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Ajay North America 21,771 15,096 4,421 — 47,375 5,718 — 5,718 Ajay Europe SARL 25,927 1,241 10,742 — 48,409 3,705 (34) 3,671 Total 47,698 16,337 15,163 — 95,784 9,423 (34) 9,389 As of December 31, 2020 For the year ended December 31, 2020 Assets Liabilities Other comprehensive Comprehensive Associate Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 29,313 8,586 6,706 101 6,641 (420) — (420) Ajay North America 18,513 15,749 4,737 — 42,920 4,471 — 4,471 Ajay Europe SARL 22,032 1,493 7,773 — 41,950 2,058 1,736 3,794 Kore Potash PLC 5,691 124,112 786 — — (3,233) 486 (2,747) Total 75,549 149,940 20,002 101 91,511 2,876 2,222 5,098 7.3 (a) Transactions for the year ended December 31, 2022 : ● During February 2022, the Company received dividends of ThUS$ 3,000 from Abu Dhabi Fertilizer Industries WWL which triggered a income of ThUS$ 523 recorded in the line item other (losses), corresponding to the excess over the account receivable recognized in December 2021. (b) Transactions for the year ended December 31, 2021 : ● During the first quarter 2021, Kore Potash PLC made a share payment to its non-executive board members (remuneration shares) plus certain employees and former employees (performance shares) which resulted in a 0.05 % share reduction for the company, leaving it with 20.15 %. During the second quarter of 2021, Kore Potash PLC approved a capital stock increase of ThUS$ 13,931 through the issuance of common shares, which resulted in a dilution of 5.5 % of SQM shares in the company, with an impact of ThUS$ ( 5,778 ) on other gains (losses). As a result of the dilution, the Company considered that there has been a loss of significant influence on the investment, discontinued its measurement through the equity method, and recognized an amount of ThUS$ 3,739 under other gains (losses) related to items recognized in other comprehensive income associated with this investment. See Note 12.1 for more details. ● As of December 31, 2021, the Company received dividends from Abu Dhabi Fertilizer Industries WWL of ThUS$ 9,438 and recognized an account receivable for ThUS$ 2,477 in dividends receivable. ● On June 30, 2021, the Company made an assessment of the recovery of the investment in Abu Dhabi Fertilizer Industries WWL and recognized an impairment of ThUS$ 2,800 in other gains (losses). This impairment was reversed in the second half of the year the recoverable value amount of the investment later increased. (c) Transactions for the year ended December 31, 2020 : ● Kore Potash PLC made a share payment to its non-executive board members, which resulted in a 0.60 % share reduction for the company, finalizing with a share percentage of 19.07 % at the close of the second quarter of 2020. This resulted in a transfer in equity of non-controlling interest to other reserves in an amount of ThUS$ 754 . ● In the third quarter of 2020 SQM S.A. increased its shares in Kore Potash PLC to 20.26 % as a result of the acquisition of 260,598,591 shares out of 584,753,846 shares issued for a capital increase corresponding to ThUS$ 1,679 . ● In the third quarter of 2020, shares held in Doktor Tarsa Tarim and its subsidiaries were sold through Soquimich European Holdings B.V. at a value of ThUS$ 33,066 , which brought about a loss of ThUS$ 11,408 . ● In the third quarter of 2020, shares held in SQM Eastmed Turkey were sold through Soquimich European Holdings B.V. at a value of ThUS$ 618 , which brought about a loss of ThUS$ 408 . ● During the fourth quarter of 2020, SQM Holland (subsidiary) acquired the business of WSNPK from Plantacote N.V. (subsidiary of Doktor Tarsa Tarim Sanayi AS) for ThUS$ 16,757 , which generated goodwill of ThUS$ 7,380 . See Note 14. ● During the fourth quarter of 2020, Kore Potash PLC made a share-based payment to its non-executive board members, which resulted in a 0.06 % share reduction for the company, finalizing with a share percentage of 20.20 %. This resulted in a decrease in consolidated equity of non-controlling interests in other reserves of ThUS$ 79 . |
Joint Ventures
Joint Ventures | 12 Months Ended |
Dec. 31, 2022 | |
Joint Ventures | |
Joint Ventures | Note 8 8.1 Share in profit (loss) of joint ventures Equity-accounted investees accounted for using the equity method As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. 20,793 8,682 9,720 8,208 6,304 2,010 SQM Qingdao Star Corp Nutrition Co. Ltd. — — — — — 83 Pavoni & C. Spa 7,315 7,030 7,222 470 174 9 Covalent Lithium Pty Ltd. — — — — — — Sichuan SQM Migao Chemical Fertilizers Co Ltd. — — 9,028 — — (280) Total 28,108 15,712 25,970 8,678 6,478 1,822 Share on other comprehensive income joint ventures Share on total comprehensive income of joint ventures accounted for using the equity method accounted for using the equity method As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Coromandel SQM India (*) — — — — — — SQM Vitas Fzco. 674 429 (1,469) 8,882 6,733 541 SQM Qingdao Star Corp Nutrition Co. Ltd. (*) — — — — — 83 SQM Vitas B.V. — — — — — — Pavoni & C. Spa (210) (317) 349 260 (143) 358 Covalent Lithium Pty Ltd. 90 37 16 90 37 16 Sichuan SQM Migao Chemical Fertilizers Co Ltd. — — — — — (280) Total 554 149 (1,104) 9,232 6,627 718 (*) These investments were disposed of in 2021 (*) See more details in Note 8.4 (a). The amounts described in the following box represent numbers used in the consolidation of the company: Equity-accounted investees Share in profit (loss) of joint ventures accounted for using the equity method As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brasil Agroindustria (1) 14,667 — 3,511 5,834 4,582 1,018 SQM Vitas Perú S.A.C. (1) 1,340 4,681 1,659 2,293 1,645 660 Total 16,007 4,681 5,170 8,127 6,227 1,678 Share on other comprehensive income of Share on total comprehensive income of joint ventures accounted for using joint ventures accounted for using the equity method, for the period ended the equity method, for the period ended As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brasil Agroindustria (1) 551 (429) (1,469) 6,385 4,153 (451) SQM Vitas Perú S.A.C. (1) — — — 2,293 1,645 660 Total 551 (429) (1,469) 8,678 5,798 209 (1) The companies are subsidiaries of: SQM Vitas Fzco. Dividends received for the year ending Share of As of As of As of Description of the nature Country of interest in December 31, December 31, December 31, Joint venture of the relationship Domicile incorporation ownership 2022 2021 2020 ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co Ltd. Production and distribution of soluble fertilizers. Huangjing Road, Dawan Town, Qingbaijiang Dristrict, Chengdu Municipality, Sichuan Province China 50 % — — — SQM Vitas Fzco. Production and commercialization of specialty plant, animal nutrition and industrial hygiene. Jebel ALI Free Zone P.O. Box 18222, Dubai United Arab Emirates 50 % — — — SQM Qingdao Star 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 % — — 2,223 Pavoni & C. Spa Production of specialty fertilizers and others for distribution in Italy and other countries. Corso Italia 172, 95129 Catania -CT, Sicilia Italy 50 % — — — SQM Vitas Brasil Agroindustria (1) Production and trading of specialty vegetable and animal nutrition and industrial hygiene. Via Cndeias, Km. 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia. Brazil 49.99 % — — — SQM Vitas Perú S.A.C. (1) Production and trading of specialty vegetable and animal nutrition and industrial hygiene Av. Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima Peru 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 % — — — Total — — 2,223 (*) The percentages presented correspond to the ownership used in the consolidation of the company. 8.2 Assets, liabilities, revenue and expenses from joint ventures The information disclosed reflects the amounts presented in the financial statements of the relevant joint ventures and not the Company's share of those amounts. As of December 31, 2022 For the year ended December 31, 2022 Assets Liabilities Other comprehensive Comprehensive Joint Venture Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. (*) 9,618 — 49 — — 165 — 165 SQM Vitas Brasil Agroindustria (*) 73,045 6,111 45,894 — 162,026 11,670 602 12,272 SQM Vitas Perú S.A.C. (*) 59,196 7,285 49,596 117 61,387 4,586 — 4,586 Pavoni & C. Spa (*) 11,516 6,358 8,853 802 18,066 939 (344) 595 Covalent Lithium Pty Ltd. 2,077 3,088 7,062 3,017 — (2,648) — (2,648) Total 155,452 22,842 111,454 3,936 241,479 14,712 258 14,970 As of December 31, 2021 For the year ended December 31, 2021 Assets Liabilities Other comprehensive Comprehensive Joint Venture Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. 9,606 — 215 — — 159 — 159 SQM Vitas Brasil Agroindustria 73,500 4,846 68,794 — 103,335 9,165 (858) 8,307 SQM Vitas Perú S.A.C. 28,610 7,347 24,473 828 48,128 3,289 — 3,289 Pavoni & C. Spa 12,885 6,714 11,226 725 19,599 347 (634) (287) Covalent Lithium Pty Ltd. 3,904 2,636 7,498 1,489 — (864) 74 (790) Total 128,505 21,543 112,206 3,042 171,062 12,096 (1,418) 10,678 As of December 31, 2020 For the year ended December 31, 2020 Assets Liabilities Other comprehensive Comprehensive Joint Venture Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co Ltd. 29,507 4,412 14,156 — 9 (562) — (562) SQM Vitas Fzco. (496) 20,431 496 — — 4,019 — 4,019 SQM Vitas Brasil Agroindustria 40,064 5,527 33,410 — 78,960 2,036 (2,938) (902) SQM Vitas Perú S.A.C. 34,548 7,928 33,145 1,080 37,591 1,319 — 1,319 Pavoni & C. Spa 10,645 7,493 9,270 836 15,958 16 698 714 Covalent Lithium Pty Ltd. 1,418 2,131 2,823 910 — (232) 33 (199) Total 115,686 47,922 93,300 2,826 132,518 6,596 (2,207) 4,389 8.3 Cash and cash equivalents Other current financial liabilities Other non-current financial liabilities As of As of As of As of As of As of December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2022 2021 2022 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. 3,866 4,115 9,753 — — — SQM Vitas Brasil Agroindustria 3,820 4,132 82 10,416 — — SQM Vitas Perú S.A.C. 2,208 380 4,951 238 117 289 Pavoni & C. Spa 1,088 787 494 7,561 — — Covalent Lithium Pty Ltd. 1,931 3,858 — 980 — — Total 12,913 13,272 15,280 19,195 117 289 Depreciation and amortization expense Interest expense Income tax benefit (expense) for the year ending for the year ending for the year ending As of As of As of As of As of As of December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2022 2021 2022 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. — — (1) (1) — — SQM Vitas Brasil Agroindustria (331) (278) (333) (367) (3,164) (1,985) SQM Vitas Perú S.A.C. (360) (354) (298) (311) (2,370) (1,692) Pavoni & C. Spa (183) (245) (347) (459) (459) (173) Covalent Lithium Pty Ltd. (176) (167) (40) (55) 1,094 343 Total (1,050) (1,044) (1,019) (1,193) (4,899) (3,507) 8.4 a) Transactions in the year 2022 ● As of December 31, 2022, there are no transactions to disclose. b) Transactions in the year 2021 ● On February 9, 2021, two of the Company’s subsidiaries signed an agreement to terminate a dispute related to sales contracts and interest in the joint venture of Sichuan SQM Migao Chemical Fertilizers Co Ltd. Consequently, the Company received a US$ 11.5 million compensation. c) Transactions in the year 2020 ● SQM Vitas BV became a wholly owned subsidiary of the Company during the second quarter of 2020, through its subsidiary Soquimich European Holdings, at a cost of ThUS$ 1,276 and its name has been changed to SQM Holland. See Note 7.1. ● In the second quarter of 2020, shares held in Arpa Speciali S.R.L. were sold through SQM Pavoni & C., SpA. At a value of ThUS$ 56 , which brought about a loss of ThUS$ 125 . An initial installment of ThUS$ 17 was charged, leaving two pending installments of ThUS$ 20 maturing June 30, 2021 and June 30, 2022. The pending installments are classified as other accounts receivable. ● In the third quarter of 2020, shares held in Coromandel SQM India were sold through Soquimich European Holdings B.V. at a value of ThUS$ 1,604 , which brought about a loss of ThUS$ 643 . ● During fourth quarter of 2020, the shares in SQM Qingdao-Star Co, Ltd. were sold through SQM Industrial S.A. for ThUS$ 1,303 , which brought about a gain of ThUS$ 62 . As of December 31, 2020, the sale proceeds were recorded in other receivables. ● A gain amounting ThUS$ 7,036 relating to the reversal of the impairment associated with the investment in Sichuan SQM Migao Chemical Fertilizers Co Ltd. was recognized in Other gains (losses) as a result of the agreement made to end a dispute, described above. 8.5 Joint Operations In 2017, together with our subsidiary SQM Australia Pty, we entered into an agreement to acquire 50% of the assets of the Mt Holland lithium project in Western Australia. The Mt Holland lithium project is to design, construct and operate a mine, concentrator and refinery to produce lithium hydroxide. On February 17, 2021, the Board of Directors approved the investment in the Mount Holland lithium project in Western Australia. SQM's share of the project investment is expected to be approximately US$700 million, between 2021 and 2025. The feasibility study confirms an expected initial production capacity of 50,000 metric tons of lithium hydroxide during the second half of 2024. As of December 31, 2022, a total of US$475 million has been contributed to Mt. Holland. Lithium project The revised investment budget for this project considers a pending investment balance of US$450 million. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents. | |
Cash and cash equivalents | Note 9 9.1 As of December 31, 2022 and 2021, cash and cash equivalents are detailed as follows: As of As of December 31, December 31, Cash 2022 2021 ThUS$ ThUS$ Cash on hand 43 44 Cash in banks 529,606 662,407 Total Cash 529,649 662,451 As of As of December 31, December 31, Cash equivalents 2022 2021 ThUS$ ThUS$ Short-term deposits, classified as cash equivalents 1,099,441 237,655 Short-term investments, classified as cash equivalents 1,026,146 614,945 Total cash equivalents 2,125,587 852,600 Total cash and cash equivalents 2,655,236 1,515,051 9.2 As of December 31, 2022 and 2021, the short-term investments classified as cash equivalents relate to mutual funds (investment liquidity funds) for investments in: As of As of December 31, December 31, Institution 2022 2021 ThUS$ ThUS$ Legg Mason - Western Asset Institutional Cash Reserves 590,661 233,648 JP Morgan US dollar Liquidity Fund Institutional 435,485 381,297 Total 1,026,146 614,945 Short-term investments are highly liquid mutual funds that are basically invested in short-term fixed rate notes in the U.S. market. 9.3 Amount restricted cash balances The Company has granted a guarantee consisting of financial instruments, specified in deposits, custody and administration to Banco de Chile, for its subsidiary Isapre Norte Grande Ltda., in compliance with the provisions of the Superintendence of Health, which regulates social security health institutions. According to the regulations of the Superintendence of Health, this guarantee is for the total payable to its affiliates and medical providers. Banco de Chile reports the current value of the guarantee to the Superintendence of Health and Isapre Norte Grande Ltda. on a daily basis. As of December 31, 2022 and 2021, pledged assets are as follows As of As of December 31, December 31, Restricted cash balances 2022 2021 ThUS$ ThUS$ Isapre Norte Grande Ltda. 717 622 Total 717 622 9.4 The detail at the end of each balance date is as follows: Original Interest As of Receiver of the deposit Type of deposit Currency Interest Rate Placement date Expiration date Principal accrued to-date December 31, 2022 ThUS$ ThUS$ ThUS$ Banco Crédito e Inversiones Fixed term Peso 0.95 % 11-17-2022 01-25-2023 42,998 609 43,607 Banco Crédito e Inversiones Fixed term Peso 0.94 % 12-15-2022 01-25-2023 100,817 537 101,354 Itau Corpbanca Fixed term Peso 0.96 % 12-06-2022 01-05-2023 41,421 343 41,764 Itau Corpbanca Fixed term Peso 0.96 % 12-12-2022 01-25-2023 100,660 644 101,304 Itau Corpbanca Fixed term Peso 0.95 % 11-17-2022 01-25-2023 32,248 458 32,706 Itau Corpbanca Fixed term Peso 0.95 % 11-16-2022 01-25-2023 73,831 1,070 74,901 Itau Corpbanca Fixed term Peso 0.96 % 12-13-2022 01-25-2023 30,146 183 30,329 Santander Fixed term Peso 0.95 % 12-16-2022 01-25-2023 103,288 523 103,811 Santander Fixed term Peso 0.94 % 12-06-2022 01-05-2023 20,710 168 20,878 Scotiabank Sud Americano Fixed term Peso 0.96 % 12-12-2022 01-25-2023 50,330 322 50,652 Scotiabank Sud Americano Fixed term Peso 0.98 % 12-13-2022 01-25-2023 100,487 621 101,108 Scotiabank Sud Americano Fixed term Peso 0.96 % 12-13-2022 01-25-2023 70,341 428 70,769 Scotiabank Sud Americano Fixed term Peso 0.97 % 12-14-2022 01-25-2023 100,258 584 100,842 Scotiabank Sud Americano Fixed term Dollar 4.54 % 11-21-2022 01-25-2023 82,000 424 82,424 Sumitomo Mitsui Banking Fixed term Dollar 4.54 % 11-21-2022 01-25-2023 122,000 631 122,631 Banco Crédito e Inversiones Fixed term Dollar 0.42 % 12-06-2022 01-06-2023 2,000 7 2,007 Banco Crédito e Inversiones Fixed term Dollar 0.44 % 12-01-2022 01-03-2023 1,500 6 1,506 Banco Crédito e Inversiones Fixed term Peso 0.22 % 12-30-2022 01-06-2023 2,103 1 2,104 Banco de Chile Fixed term Dollar 0.95 % 12-12-2022 02-14-2023 600 2 602 Itau Corpbanca Fixed term Dollar 1.02 % 12-13-2022 02-16-2023 500 2 502 Itau Corpbanca Fixed term Dollar 0.46 % 11-30-2022 01-03-2023 1,000 4 1,004 Itau Corpbanca Fixed term Dollar 0.42 % 12-06-2022 01-06-2023 700 2 702 Itau Corpbanca Fixed term Dollar 1.07 % 12-21-2022 02-27-2023 1,700 3 1,703 Scotiabank Sud Americano Fixed term Dollar 0.66 % 12-07-2022 01-27-2023 1,000 3 1,003 Scotiabank Sud Americano Fixed term Dollar 0.64 % 11-16-2022 01-03-2023 2,500 15 2,515 Scotiabank Sud Americano Fixed term Dollar 0.72 % 12-28-2022 02-13-2023 2,200 1 2,201 Scotiabank Sud Americano Fixed term Dollar 0.96 % 12-30-2022 03-03-2023 500 — 500 Scotiabank Sud Americano Fixed term Dollar 0.58 % 11-22-2022 01-03-2023 1,500 8 1,508 Scotiabank Sud Americano Fixed term Dollar 0.38 % 12-16-2022 01-13-2023 1,500 3 1,503 Scotiabank Sud Americano Fixed term Dollar 0.87 % 12-22-2022 02-16-2023 1,000 1 1,001 Total 1,091,838 7,603 1,099,441 As of Original Interest December 31, Receiver of the deposit Type of deposit Currency Interest Rate Placement date Expiration date Principal accrued to-date 2021 ThUS$ ThUS$ ThUS$ Credit Suisse Fixed term Dollar 0.58 % 11-30-2021 02-28-2022 200,000 100 200,100 Banco BCI Fixed term Dollar 0.31 % 12-24-2021 02-28-2022 1,250 — 1,250 Banco BCI Fixed term Dollar 0.36 % 12-07-2021 01-14-2022 8,000 2 8,002 Banco BCI Fixed term Dollar 0.28 % 12-30-2021 01-14-2022 500 — 500 Banco Santander Fixed term Dollar 3.12 % 12-30-2021 01-06-2022 3,550 2 3,552 Banco Santander Fixed term Dollar 0.26 % 12-16-2021 01-31-2022 2,500 — 2,500 Banco Santander Fixed term Dollar 0.40 % 12-27-2021 03-04-2022 1,500 — 1,500 Banco Santander Fixed term Dollar 0.40 % 12-29-2021 01-27-2022 1,500 — 1,500 Banco Itaú Corpbanca Fixed term Dollar 0.30 % 12-14-2021 01-07-2022 5,000 1 5,001 Banco Itaú Corpbanca Fixed term Dollar 0.37 % 12-28-2021 01-24-2022 1,000 — 1,000 Banco Itaú Corpbanca Fixed term Dollar 0.34 % 12-07-2021 01-28-2022 2,000 — 2,000 Scotiabank Sud Americano Fixed term Dollar 0.27 % 12-24-2021 02-28-2022 2,750 — 2,750 Scotiabank Sud Americano Fixed term Dollar 0.06 % 12-17-2021 01-31-2022 3,000 — 3,000 Scotiabank Sud Americano Fixed term Dollar 0.07 % 12-03-2021 01-18-2022 5,000 — 5,000 Total 237,550 105 237,655 |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2022 | |
Inventories | |
Inventories | Note 10 As of As of December 31, December 31, Type of inventory 2022 2021 ThUS$ ThUS$ Raw material 27,035 12,508 Production supplies 68,426 41,114 Products-in-progress 590,946 527,118 Finished product 1,097,874 603,036 Total 1,784,281 1,183,776 As of December 31, 2022 and 2021, the Company held caliche stockpiles, solutions in solar ponds and intermediary salts amounting ThUS$ 513,209 and as of December 31, 2021 was ThUS$ 458,913 (including products in progress). As of December 31, 2022, bulk inventories recognized within work in progress were ThUS$ 122,284, while as of December 31, 2021 this value amounted to ThUS$ 111,316. As of December 31, 2022, bulk inventories recognized within finished goods were ThUS$ 198,796 (as of December 31, 2021, this value amounted to ThUS$ 99,551 ). As of December 31, 2022 and 2021, recognized inventory allowances, amounted to ThUS$ 104,057 and ThUS$ 75,892, respectively. For finished and in-process products, recognized allowances include the provision associated with the lower value of stock (considers lower realizable value, uncertain future use, reprocessing costs of off-specification products, etc.), provision for inventory differences and the provision for potential errors in the determination of inventories (e.g., errors in topography, grade, moisture, etc.). (See Note 3.15). For raw materials, supplies, materials and parts, the lower value provision was associated to the proportion of defective materials and potential differences. The breakdown of inventory allowances is detailed as follows: As of As of December 31, December 31, Type of inventory 2022 2021 ThUS$ ThUS$ Raw material and supplies for production 4,186 1,865 Products-in-progress 83,499 59,858 Finished product 16,372 14,169 Total 104,057 75,892 The Company has not pledged inventory as collateral for the periods indicated above. As of December 31, 2022, and 2021, movements in provisions are detailed as follows: As of As of As of December 31, December 31, December 31, Reconciliation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Beginning balance 75,892 80,930 88,174 Increase in Lower Value (1) 29,693 (3,650) (5,404) Additional Provision Differences of Inventory (2) (161) 330 (704) Increase / Decrease eventual differences and others (3) — — 1,244 Provision Used (1,367) (1,718) (2,380) Total changes 28,165 (5,038) (7,244) Final balance 104,057 75,892 80,930 (1) There are three types of Lower Value Provisions: (a) Economic Realizable Lower Value, (b) Potential Inventory with Uncertain Future Use and (c) 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. (3) This algorithm corresponds to the provision of diverse percentages based on the complexity in the measurement and rotation of stock, as well as standard differences based on previous results, as is the case with provisions relating to Commercial Offices. |
Related party disclosures
Related party disclosures | 12 Months Ended |
Dec. 31, 2022 | |
Related party disclosures | |
Related party disclosures | Note 11 11.1 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. 11.2 Pursuant to Article 99 of Law of the Securities Market Law, the CMF may determine that a company does not have a controlling entity 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 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 Pampa Group as the controlling entity of the Company and that the Company does not have a controlling entity given its current ownership structure. 11.3 As of December 31, 2022 and 2021, the detail of entities that are identified as subsidiaries or related parties of the SQM Group is as follows: Tax ID No Name Country of origin Functional currency Nature Foreign Nitratos Naturais Do Chile Ltda. Brazil Dollar Subsidiary Foreign SQM North America Corp. United States Dollar Subsidiary Foreign SQM Europe N.V. Belgium Dollar Subsidiary Foreign Soquimich European Holding B.V. Netherlands Dollar Subsidiary Foreign SQM Corporation N.V. Curacao Dollar Subsidiary Foreign SQM Comercial De México S.A. de C.V. Mexico Dollar Subsidiary Foreign North American Trading Company United States Dollar Subsidiary Foreign Administración y Servicios Santiago S.A. de C.V. Mexico Dollar Subsidiary Foreign SQM Perú S.A. (3) Peru Dollar Subsidiary Foreign SQM Ecuador S.A. Ecuador Dollar Subsidiary Foreign SQM Nitratos Mexico S.A. de C.V. Mexico Dollar Subsidiary Foreign SQMC Holding Corporation L.L.P. United States Dollar Subsidiary Foreign SQM Investment Corporation N.V. Curacao Dollar Subsidiary Foreign SQM Brasil Limitada Brazil Dollar Subsidiary Foreign SQM France S.A. France Dollar Subsidiary Foreign SQM Japan Co. Ltd. Japan Dollar Subsidiary Foreign Royal Seed Trading Corporation A.V.V. Aruba Dollar Subsidiary Foreign SQM Oceania Pty Limited Australia Dollar Subsidiary Foreign Rs Agro-Chemical Trading Corporation A.V.V. Aruba Dollar Subsidiary Foreign SQM Indonesia S.A. Indonesia Dollar Subsidiary Foreign SQM Virginia L.L.C. United States Dollar Subsidiary Foreign Comercial Caimán Internacional S.A. Panama Dollar Subsidiary Foreign SQM África Pty. Ltd. South Africa Dollar Subsidiary Foreign SQM Colombia SAS Colombia Dollar Subsidiary Foreign SQM Internacional N.V. Belgium Dollar Subsidiary Foreign SQM -Shanghai Chemicals Co. Ltd. China Dollar Subsidiary Foreign SQM Lithium Specialties LLC United States Dollar Subsidiary Foreign SQM Iberian S.A. Spain Dollar Subsidiary Foreign SQM Beijing Commercial Co. Ltd. China Dollar Subsidiary Foreign SQM Thailand Limited Thailand Dollar Subsidiary Foreign SQM Australia PTY Australia Dollar Subsidiary Foreign SQM Holland B.V. Netherlands Dollar Subsidiary Foreign SQM Korea LLC Korea Dollar Subsidiary 96.801.610-5 Comercial Hydro S.A. Chile Dollar Subsidiary 96.651.060-9 SQM Potasio S.A. Chile Dollar Subsidiary 96.592.190-7 SQM Nitratos S.A. Chile Dollar Subsidiary 96.592.180-K Ajay SQM Chile S.A. Chile Dollar Subsidiary 79.947.100-0 SQM Industrial S.A. Chile Dollar Subsidiary 79.906.120-1 Isapre Norte Grande Ltda. Chile Peso Subsidiary 79.876.080-7 Almacenes y Depósitos Ltda. Chile Peso Subsidiary Tax ID No Name Country of origin Functional currency Nature 79.770.780-5 Servicios Integrales de Tránsitos y Transferencias S.A. Chile Dollar Subsidiary 79.768.170-9 Soquimich Comercial S.A. Chile Dollar Subsidiary 79.626.800-K SQM Salar S.A. Chile Dollar Subsidiary 76.534.490-5 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. Chile Peso Subsidiary 76.425.380-9 Exploraciones Mineras S.A. Chile Dollar Subsidiary 76.064.419-6 Comercial Agrorama Ltda. Chile Peso Subsidiary 76.145.229-0 Agrorama S.A. Chile Peso Subsidiary 76.359.919-1 Orcoma Estudios SPA Chile Dollar Subsidiary 76.360.575-2 Orcoma SPA Chile Dollar Subsidiary 76.686.311-9 SQM MaG SpA Chile Dollar Subsidiary 77.114.779-8 Sociedad Contractual Minera Bufalo Chile Dollar Subsidiary Foreign Abu Dhabi Fertilizer Industries WWL United Arab Emirates Arab Emirates dirham Associate Foreign Ajay North America United States Dollar Associate Foreign Ajay Europe SARL France Euro Associate Foreign Kore Potash PLC United Kingdom Dollar Associate Foreign SQM Vitas Fzco. United Arab Emirates Arab Emirates dirham Joint venture Foreign Covalent Lithium Pty Ltd. Australia Dollar Joint venture Foreign Pavoni & C, SPA Italy Euro Joint venture 96.511.530-7 Sociedad de Inversiones Pampa Calichera Chile Dollar Other related parties 96.529.340-K Norte Grande S.A. Chile Peso Other related parties 79.049.778-9 Callegari Agrícola S.A. Chile Peso Other related parties Foreign SQM Vitas Brasil Agroindustria (1) Brazil Brazilian real Other related parties Foreign SQM Vitas Perú S.A.C. (1) Peru Dollar Other related parties Foreign Abu Dhabi Fertilizer Industries WWL (2) United Arab Emirates United Arab Emirates dirham Other related parties Foreign International Technical and Trading Agencies CO WLL (2) United Arab Emirates United Arab Emirates dirham Other related parties (1) These Companies are subsidiaries of the joint venture SQM Vitas Fzco. (2) These Companies are subsidiaries of the joint venture Abu Dhabi Fertilizer Industries WWL Ltda. and therefore it consolidates them and presents all their assets and liabilities. (3) This company was liquidated in December 2022. The following entity was considered related party as of December 31, 2021: Sichuan SQM Migao Chemical Fertilizers Co Ltd. The following entities were considered related parties as of December 31, 2020 (see Note 7.3 letter c and Note 8.4 letter b): SQI Corporation N.V., SQM Italia SRL, Doktor Tarsa Tarim, SQM Eastmed Turkey, Terra Tarsa Ukraine LLC, Terra Tarsa B.V., Plantacote N.V., Terra Tarsa Don LLC, Doktolab Tarim Arastirma San., Doctochem Tarim Sanayi Ticaret Ltd. STI, Coromandel SQM India Sichuan SQM Migao Chemical Fertilizers Co Ltd. and Arpa Speciali S.R.L. The following other related parties correspond to mining contractual corporations. Tax ID No. Name Country of origin Functional currency Relationship N/A Ara Dos Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Ara Tres Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Ara Cuatro Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Ara Cinco Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Curicó Dos Primera del Salar de Pampa Alta, Sierra Gorda Chile Peso Other related parties N/A Curicó Tres Primera del Sector de Pampa Alta, Sierra Gorda Chile Peso Other related parties N/A Evelyn Veinticuatro Primera de Sierra Gorda Chile Peso Other related parties N/A Filomena Tres Primera de Oficina Filomena, Sierra Gorda Chile Peso Other related parties N/A Filomena Cuatro Primera de Oficina Filomena, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Primera de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Segunda del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Tercera de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Cuarta de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Quinta de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Primera del Salar de Pampa Blanca de Sierra Gorda Chile Peso Other related parties N/A Francis Segunda del Salar de Pampa Blanca de Sierra Gorda Chile Peso Other related parties N/A Francis Tercera del Salar de Pampa Blanca de Sierra Gorda Chile Peso Other related parties N/A Ivon Primera de Sierra Gorda Chile Peso Other related parties N/A Ivon Décima Segunda de Sierra Gorda Chile Peso Other related parties N/A Ivon Sexta de Sierra Gorda Chile Peso Other related parties N/A Julia Primera de Sierra Gorda Chile Peso Other related parties N/A Lorena Trigésimo Quinta de Sierra Gorda Chile Peso Other related parties N/A Perseverancia Primera de Sierra Gorda Chile Peso Other related parties N/A Tamara 40 Primera del Sector S.E. OF. Concepción, Sierra Gorda Chile Peso Other related parties N/A Tamara Tercera de Oficina Concepción, Sierra Gorda Chile Peso Other related parties N/A Tamara 4 Segunda del Sector S.E. OF Concepción, Sierra Gorda Chile Peso Other related parties Below is a list of transactions with clients and suppliers with whom a relationship with key Company personnel was identified: Tax ID No Name Country of origin Nature 76.389.727-3 Sociedad Periodística El Libero Chile Other related parties 90.193.000-7 El Mercurio S.A.P. Chile Other related parties 92.580.000-7 Empresa Nacional de Telecomunicaciones S.A. Chile Other related parties 96.806.980-2 Entel PCS Telecomunicaciones S.A. Chile Other related parties 97.004.000-5 Banco de Chile Chile Other related parties 99.012.000-5 Compañía de Seguros de Vida Consorcio Nacional Chile Other related parties 10.581.580-8 Gonzalo Guerrero Yamamoto Chile Other related parties 96.529.340-K Norte Grande S.A. Chile Other related parties 65.204.189-2 Fundación para el desarrollo social Chile Other related parties 82.135.600-8 Instituto Chileno administración empresas Chile Other related parties 11.4 Transactions between the Company 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. Maturity terms for each case vary by virtue of the transaction giving rise to them. For the year ended December 31, 2022, 2021 and 2020, the detail of significant transactions with related parties is as follows For the year ended For the year ended For the year ended December December December Tax ID No Name Nature Country of origin Transaction 31, 2022 31, 2021 31, 2020 ThUS$ ThUS$ ThUS$ Foreign Doktor Tarsa Tarim Sanayi AS Associate Turkey Sale of products — — 1,053 Foreign Ajay Europe S.A.R.L. Associate France Sale of products 45,205 35,597 23,162 Foreign Ajay Europe S.A.R.L. Associate France Dividends 1,778 992 1,197 Foreign Ajay North America LL.C. Associate United States Sale of products 41,814 27,763 20,259 Foreign Ajay North America LL.C. Associate United States Dividends 1,576 1,233 1,967 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Dividends 3,000 9,438 — Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Sale of products — — — Foreign SQM Vitas Brasil Agroindustria Other related parties Brazil Sale of products 51,748 79,086 41,341 Foreign SQM Vitas Perú S.A.C. Other related parties Perú Sale of products 58,077 17,016 17,723 Foreign Coromandel SQM India Joint venture India Sale of products — 1,814 1,510 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China Dividends — — 2,223 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China Sale of products — — — Foreign Terra Tarsa Ukraine LLC Other related parties Ukraine Sale of products — — 737 Foreign Pavoni & CPA Joint venture Italy Sale of products 4,138 5,359 1,125 Foreign Plantacote NV Other related parties Belgium Sale of products — — — Foreign Arpa Speciali S.R.L. Other related parties Italy Sale of products — — — Foreign Terra Tarsa Don LLC Other related parties Russian Federation Sale of products — — — Foreign SQM Eastmed Turkey Associate Turkey Sale of products — — — Chile Banco de Chile Other related parties Chile Service Provider (27,918) (20,904) — Chile Norte Grande S.A. Other related parties Chile Client 142 146 — Chile El Mercurio S.A.P. Other related parties Chile Service Provider (90) (131) — Chile Compañía de Seguros de Vida Consorcio Nacional Other related parties Chile Service Provider (31) (134) — Chile Entel PCS Telecomunicaciones S.A. Other related parties Chile Service Provider (228) (157) — Chile Empresa Nacional de Telecomunicaciones Other related parties Chile Service Provider (1,746) (2,393) — Chile Gonzalo Guerrero Yamamoto Other related parties Chile Service Provider (19) (79) — Chile Instituto Chileno administración empresas Other related parties Chile Service Provider (46) — — Chile Fundación para el desarrollo social Other related parties Chile Service Provider (7) — — 11.5 As of As of December 31, December 31, Tax ID No Name Nature Country of origin Currency 2022 2021 ThUS$ ThUS$ Foreign Ajay Europe S.A. R.L. Associate France Euro 7,967 7,567 Foreign Ajay North America LLC. Associate United States of America Dollar 8,354 3,350 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates United Arab Emirates Dirham — 2,477 96.511.530-7 Soc. de Inversiones Pampa Calichera Other related parties Chile Dollar 5 5 Foreign SQM Vitas Brasil Agroindustria Other related parties Brazil Dollar 32,054 55,119 Foreign SQM Vitas Perú S.A.C. Other related parties Peru Dollar 31,081 14,684 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates United Arab Emirates Dirham 232 232 Foreign Pavoni & C SpA Joint venture Italy Euro 888 804 Foreign Covalent Lithium Pty Ltd. Joint venture Australia Australian dollar 1,041 1,914 Total 81,622 86,152 As of December 31, 2022 and 2021, receivables are net of provision for ThUS$ 1,378 and ThUS$ 717, respectively. 11.6 Note 6 describes the remuneration of the board of directors, administration and key management personnel. |
Financial instruments
Financial instruments | 12 Months Ended |
Dec. 31, 2022 | |
Financial instruments | |
Financial instruments | Note 12 Financial instruments 12.1 As of As of December 31, December 31, Description of other financial assets 2022 2021 ThUS$ ThUS$ Financial assets at amortized cost (1) 950,167 905,170 Derivative financial instruments - For hedging 7,014 12,625 - Non-hedging (2) 4,174 1,254 Total other current financial assets 961,355 919,049 Financial assets at fair value through other comprehensive income (4) (5) 9,497 8,932 Derivative financial instruments - For hedging 22,606 245 Other financial assets at amortized cost 23 91 Total other non-current financial assets 32,126 9,268 As of As of December 31, December 31, Institution 2022 2021 ThUS$ ThUS$ Banco de Crédito e Inversiones 187,707 34,325 Banco Santander (3) 51,444 65,899 Banco Itaú CorpBanca 15,048 195,471 Banco Estado 85,055 — Banco de Chile 150,259 — Scotiabank Sud Americano 250,362 289,421 Sumitomo Mitsui Banking 210,292 320,054 Total 950,167 905,170 (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 aforementioned financial institutions. (2) Correspond to forwards and options that were not classified as hedging instruments (See detail in Note 12.3). (3) As of December 31, 2022, no margin calls were recorded. As of December 31, 2021, margin calls were recorded for US$ 31,430 . (4) During the first quarter of 2021, equity instruments classified at fair value irrevocably through other comprehensive income were sold for US$ 16,413 . The cumulative amount of the movements in other comprehensive income from the date of acquisition to the date of sale was transferred to retained earnings. (5) During the second quarter of 2021, as a result of the loss of significant influence over the investment of Kore Potash (for more details, see Note 7.3 letter b), the investment, which was previous recognized as an investment in associates, was reclassified as other non-current financial assets as it was classified as financial equity instrument at fair value through other comprehensive income irrevocably. 12.2 Trade and other receivables As of December 31, 2022 As of December 31, 2021 Trade and other receivables Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Trade receivables, current 1,002,223 — 1,002,223 590,312 — 590,312 Prepayments, current 38,709 — 38,709 49,168 — 49,168 Other receivables, current 16,648 2,091 18,739 14,210 6,172 20,382 Guarantee deposits (1) 29,840 — 29,840 383 — 383 Total trade and other receivables 1,087,420 2,091 1,089,511 654,073 6,172 660,245 See discussion about credit risk in Note 4.2. As of December 31, 2022 As of December 31, 2021 Impairment Impairment Gross provision for Trade receivables, Gross provision for Trade receivables, Trade and other receivables receivables doubtful receivables net receivables doubtful receivables net ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Receivables related to credit operations, current 1,006,982 (4,759) 1,002,223 600,664 (10,352) 590,312 Prepayments, current 39,493 (784) 38,709 49,952 (784) 49,168 Other receivables, current 19,920 (3,272) 16,648 17,073 (2,863) 14,210 Guarantee deposits (1) 29,840 — 29,840 383 — 383 Other receivables, non-current 2,091 — 2,091 6,172 — 6,172 Total trade and other receivables 1,098,326 (8,815) 1,089,511 674,244 (13,999) 660,245 ( The acquisition cost totals CNY 869 million (ThUS$ 125,591) broken down into a deposit of CNY 204.5 million (ThUS$ 29,322) paid in the first quarter of 2023, CNY 57.5 million (ThUS$ 8,310) paid in the first quarter of 2023 and the remaining balance would be paid subject to the fulfillment of various conditions precedent in the second quarter of 2023. The Company´s payments would be backed by various guarantees granted by the seller and any failure to fulfil the conditions required by the contract would be considered a material breach of contract, giving the Company the right to demand the restitution of the amounts already paid. (a) R enegotiated portfolio As of December 31, 2022, and 2021 the detail of the renegotiated portfolio is as follows: As of December 31, 2022 Portfolio analysis Number of customers with Gross non-renegotiated Number of customers with Gross renegotiated Past due segments non-renegotiated portfolio portfolio ThUS$ renegotiated portfolio portfolio ThUS$ Current 997 967,853 12 276 1 - 30 days 149 30,116 4 71 31 - 60 days 25 1,352 2 105 61 - 90 days 2 2,632 3 704 91 - 120 days 10 235 — — 121 - 150 days 1 84 — — 151 - 180 days 2 180 1 7 181 - 210 days 4 67 2 27 211 - 250 days 7 192 3 54 >250 days 76 2,726 55 301 Total 1,273 1,005,437 82 1,545 As of December 31, 2021 Portfolio analysis non-renegotiated portfolio Gross non-renegotiated Number of customers with Gross renegotiated Past due segments Number of customers with portfolio ThUS$ renegotiated portfolio portfolio ThUS$ Current 1,279 570,899 7 130 1 - 30 days 112 22,632 — — 31 - 60 days 18 2,114 — — 61 - 90 days 11 1,015 — — 91 - 120 days 7 202 — — 121 - 150 days 3 43 — — 151 - 180 days 3 4 — — 181 - 210 days 3 130 — — 211 - 250 days 1 1 2 4 >250 days 80 2,597 117 893 Total 1,517 599,637 126 1,027 (b) Impairment provision for doubtful receivables As of December 31, 2022 Trade accounts receivable days past due Trade receivables due from related Trade and other receivables Current 1 to 30 days 31 to 60 days 61 to 90 days Over 90 days Trade parties ThUS$ ThUS$ Expected Loss Rate on — % 1 % 7 % 6 % 81 % — — Total Gross Book Value 968,129 30,187 1,457 3,336 3,873 1,006,982 83,000 Impairment Estimate 948 391 108 186 3,126 4,759 1,378 As of December 31, 2021 Trade accounts receivable days past due Trade receivables 61 to 90 Over 90 due from related Trade and other receivables Current 1 to 30 days 31 to 60 days days days Trade parties ThUS$ ThUS$ Expected Loss Rate on 1 % 8 % 32 % 34 % 71 % — — Total Gross Book Value 571,029 22,633 2,113 1,015 3,874 600,664 86,869 Impairment Estimate 4,724 1,856 673 346 2,753 10,352 717 As of December 31, 2022, and 2021, movements in provisions are as follows: As of As of December 31, December 31, Provisions 2022 2021 ThUS$ ThUS$ Impairment provision of Accounts receivable at the beginning of the year 14,716 27,273 Increase (decrease) impairment of accounts receivable (3,369) 235 Write-off of receivables — (11,091) Difference in exchange rate (1,154) (1,701) Impairment provision of Accounts Receivable Provision at the end of the year 10,193 14,716 (1) Trade and other Receivables Provision 4,759 10,352 (2) Current other Receivables Provision 4,056 3,647 (3) Trade receivables with related parties, current Provision 1,378 717 Recovery of Insurance — 210 Impairment provision of Accounts Receivable 10,193 14,716 Renegotiated receivables 356 910 Non-renegotiated receivables 9,837 13,806 12.3 The balance represents derivative financial instruments measured at fair value which have been classified as hedges for exchange and interest rate risks relating to the total obligations with the public associated with bonds in UF and investments in Chilean pesos. (See more detail in Note 4.2 b). Hedging Reserve in As of December 31, 2022 Assets Liabilities Total Realized Gross Equity (1) Type of Instrument: Cross currency interest rate swaps UF/CLP Cash flow hedge derivatives Short term 7,014 42,754 — — Long term 15,467 19,772 — — Subtotal 22,481 62,526 (12,939) (27,106) Type of Instrument: Forwards Non-hedging derivates disbursement SQM Australia Pty Long term 7,139 — — 7,139 Subtotal 7,139 — — 7,139 Underlying Investments Hedge 29,620 62,526 (12,939) (19,967) Type of Instrument: Forwards/Options Non-hedge derivates with effect on income Short term 4,174 5,816 — — Underlying Investments Hedge 4,174 5,816 38,653 — Total Instruments 33,794 68,342 25,714 (19,967) Hedging Reserve in As of December 31, 2021 Assets Liabilities Total Realized Gross Equity (1) Type of Instrument: Cross currency interest rate swaps UF/CLP Cash flow hedge derivatives Short term 12,625 8,954 — — Long term 245 72,900 — — Underlying Debt Hedge 12,870 81,854 (22,455) (46,529) Type of Instrument: Forwards/Options Non-hedge derivatives with effect on income Short term 1,254 1,672 — — Underlying Investments Hedge 1,254 1,672 4,694 — Total Instruments 14,124 83,526 (17,761) (46,529) (1) See underlying hedges in Note 4.2 letters b) and d) and movement of cash flow hedge reserve in Note 19.4. The balances in the column “Total Realized” consider the intermediate effects of the contracts that were in place between January 1 and December 31, 2022, and January 1 and December 31,2021. Reconciliation of asset and As of December Cash Flow Income Statement Equity and Others As of December liability hedging derivatives 31, 2021 31, 2022 Hedge-to-debt derivatives (81,597) 8,616 37,494 25,426 (10,061) Hedging derivatives to investment 12,613 (52,698) 16,104 (6,003) (29,984) Non-hedging derivatives disbursement SQM Australia Pty — 2,022 — 5,117 7,139 Non-hedging derivatives (418) (39,878) 38,653 — (1,643) Reconciliation of asset and As of December Cash Flow Income Statement Equity and Others As of December liability hedging derivatives 31, 2020 31, 2021 Hedge-to-debt derivatives 18,070 6,478 (52,254) (53,891) (81,597) Hedging derivatives to investment (21,004) 9,405 23,083 1,129 12,613 Non-hedging derivatives (2,784) (2,327) 4,693 — (418) Derivative contract maturities are detailed as follows: Series Contract amount Currency Maturity date ThUS$ H 105,828 UF 01/04/2023 O 58,748 UF 02/01/2030 P 134,228 UF 01/15/2028 Q 106,933 UF 06/01/2030 Effectiveness The Company uses CCS, Forwards and IRS to hedge the potential financial risk associated with exchange rate and interest rate volatility. The objective is to hedge the exchange rate and inflation financial risks associated with bond obligations, exchange rate financial risks associated with investments in Chilean pesos, exchange rate financial risk associated with projects under construction in Australian dollars and interest rate financial risk associated with bank loans. Hedges are documented and qualitatively assessed to demonstrate their effectiveness based on a comparison of their critical terms. The hedges used by the Company as of the reporting date are highly effective given that the amounts, currencies, exchange dates and rates of the hedged item and the hedge are aligned, maintaining a close economic relationship. 12.4 Other current and non-current financial liabilities As of December 31, 2022 and 2021, the detail is as follows: As of December 31, 2022 As of December 31, 2021 Other current and non-current financial liabilities Currents Non-Current Total Currents Non-Current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Liabilities at amortized cost Bank borrowings 130,840 197,522 328,362 85 69,613 69,698 Unsecured obligations 343,589 2,176,924 2,520,513 40,594 2,445,219 2,485,813 Derivative financial instruments For hedging 42,754 19,772 62,526 8,954 72,900 81,854 Non-Hedging 5,816 — 5,816 1,672 — 1,672 Total 522,999 2,394,218 2,917,217 51,305 2,587,732 2,639,037 a) Bank borrowings, current: As of December 31, 2022, the detail of this caption is as follows: Debtor Payment of Creditor interest Currency or adjustment Payment of Tax ID No. Company Country Tax ID No. Financial institution Country index Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Upon maturity 05/30/2023 0.97 % 5.22 % 93.007.000-9 SQM S.A. Chile 97.023.000-9 Itaú Chile US$ Upon maturity 01/05/2023 4.50 % 4.50 % 93.007.000-9 SQM S.A. Chile 97.030.000-7 Banco Estado Chile US$ Upon maturity 01/05/2023 4.59 % 4.59 % Debtor Creditor Nominal amounts as of December 31, 2022 Current amounts as of December 31, 2022 90 days to 1 Borrowing Company Financial institution Up to 90 days 90 days to 1 year Total Up to 90 days year Subtotal costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — 70,000 70,000 — 70,393 70,393 (149) 70,244 SQM S.A. Itaú 20,000 — 20,000 20,062 20,062 20,062 SQM S.A. Banco Estado 40,000 — 40,000 40,128 40,128 40,128 SQM S.A. Scotiabank — — — 406 406 406 Total 60,000 70,000 130,000 60,596 70,393 130,989 (149) 130,840 On December 21, 2022, the Company signed a loan agreement with The Export-Import Bank of Korea (“Kexim”) and Banco Santander S.A., with the latter acting as Kexim’s Facility Agent, and the initial disbursement of funds became effective on January 10, 2023 for a value of US$10 million. The total loan amount is up to MMUS$ 100. As of December 31, 2022, no disbursement had been made. As of December 31,2021 Debtor Creditor Currency or adjustment Tax ID No Company Country Tax ID No. Financial institution Country index Repayment maturity Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Upon maturity 05/31/2022 0.82 % 1.36 % Debtor Creditor Nominal amounts as of December 31, 2021 Current amounts as of December 31, 2021 90 days to 90 days to 1 Borrowing Up to 90 days 1 year Total Up to 90 days year Subtotal costs Total Company Financial institution ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — — — 85 — 85 — 85 Total — — — 85 — 85 — 85 b) Unsecured obligations, current: As of December 31, 2022, and 2021, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds, as follows: Debtor Number of Currency or Periodicity registration or ID adjustment Payment of Tax ID No. Company Country of the instrument Series Maturity date index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2023 US$ Semiannual Upon maturity 1.17 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$300 04/03/2023 US$ Semiannual Upon maturity 0.56 % 3.63 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2023 US$ Semiannual Upon maturity 3.01 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2023 US$ Semiannual Upon maturity 3.79 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 03/10/2023 US$ Semiannual Upon maturity 3.44 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2023 UF Semiannual Semiannual 1.23 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/01/2023 UF Semiannual Upon maturity 1.89 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2023 UF Semiannual Upon maturity 1.72 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2023 UF Semiannual Upon maturity 2.63 % 3.45 % Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements. Nominal amounts as of December 31, 2022 Carrying amounts of maturities as of December 31, 2022 Up to 90 90 days to 1 90 days to 1 Borrowing Company Country Series days year Total Up to 90 days year Subtotal costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Chile MUS$250 4,648 — 4,648 4,648 — 4,648 (433) 4,215 SQM S.A. Chile MUS$300 — 302,658 302,658 — 302,658 302,658 (170) 302,488 SQM S.A. Chile MUS$450 — 2,869 2,869 — 2,869 2,869 (679) 2,190 SQM S.A. Chile MUS$400 7,508 — 7,508 7,508 — 7,508 (237) 7,271 SQM S.A. Chile MUS$700 — 7,554 7,554 — 7,554 7,554 (555) 6,999 SQM S.A. Chile H 17,566 — 17,566 17,566 — 17,566 (172) 17,394 SQM S.A. Chile O 965 — 965 965 — 965 (82) 883 SQM S.A. Chile P 1,830 — 1,830 1,830 — 1,830 (12) 1,818 SQM S.A. Chile Q — 351 351 — 351 351 (20) 331 Total 32,517 313,432 345,949 32,517 313,432 345,949 (2,360) 343,589 As of December 31, 2021 Debtor Number of Currency or Periodicity registration or ID adjustment Payment of Tax I No. Company Country of the instrument Series Maturity date index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2022 US$ Semiannual Upon maturity 1.56 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$300 04/03/2022 US$ Semiannual Upon maturity 0.74 % 3.63 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2022 US$ Semiannual Upon maturity 3.23 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2022 US$ Semiannual Upon maturity 4.00 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 03/10/2022 US$ Semiannual Upon maturity 3.62 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2022 UF Semiannual Semiannual 1.75 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/15/2022 UF Semiannual Upon maturity 2.06 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2022 UF Semiannual Upon maturity 2.04 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2022 UF Semiannual Upon maturity 2.72 % 3.45 % Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements. Nominal amounts as of December 31, 2021 Carrying amounts of maturities as of December 31, 2021 Up to 90 90 days to 1 90 days to Company Country Series days year Total Up to 90 days 1 year Subtotal Borrowing costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Chile MUS$250 4,648 — 4,648 4,648 — 4,648 (433) 4,215 SQM S.A. Chile MUS$300 — 2,658 2,658 — 2,658 2,658 (614) 2,044 SQM S.A. Chile MUS$450 — 2,869 2,869 — 2,869 2,869 (679) 2,190 SQM S.A. Chile MUS$400 7,508 — 7,508 7,508 — 7,508 (237) 7,271 SQM S.A. Chile MUS$700 6,874 — 6,874 6,874 — 6,874 (552) 6,322 SQM S.A. Chile H 16,026 — 16,026 16,026 — 16,026 (172) 15,854 SQM S.A. Chile O 863 — 863 863 — 863 (82) 781 SQM S.A. Chile P 1,636 — 1,636 1,636 — 1,636 (12) 1,624 SQM S.A. Chile Q — 314 314 — 314 314 (21) 293 Total 37,555 5,841 43,396 37,555 5,841 43,396 (2,802) 40,594 c) The following table shows the details of bank loans as of December 31, 2022: Debtor Creditor Currency or Type of Tax ID No. Company Country Tax ID No. Financial institution Country adjustment index amortization Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Upon Maturity 2.33 % 3.19 % 93.007.000-9 SQM S.A. Chile O-E Scotiabank Canadá US$ Upon Maturity 5.10 % 6.08 % Debtor Creditor Nominal non-current maturities as ofDecember 31, 2022 Carrying amounts of maturities as of December 31, 2022 Costs of Between 2 Between 3 Between 1 Between 2 Between 3 obtaining Company Financial institution Between 1 and 2 and 3 and 4 Total and 2 and 3 and 4 Subtotal loans Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — — — — — — — — SQM S.A. Scotiabank — 200,000 — 200,000 — 200,000 — 200,000 (2,478) 197,522 Total — 200,000 — 200,000 — 200,000 — 200,000 (2,478) 197,522 As of December 31, 2021 Debtor Creditor Currency or Type of Tax ID No. Company Country Tax ID No. Financial institution Country adjustment index amortization Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Maturity 2.05 % 1.36 % Debtor Creditor Nominal non-current maturities as of December 31, 2021 Carrying amounts of maturities as of December 31, 2021 Costs of Between 2 Between 3 Between 1 Between 2 Between 3 obtaining Company Financial institution Between 1 and 2 and 3 and 4 Total and 2 and 3 and 4 Subtotal loans Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — 70,000 — 70,000 — 70,000 — 70,000 (387) 69,613 Total — 70,000 — 70,000 — 70,000 — 70,000 (387) 69,613 d) The following table shows the details of “unsecured debentures that accrue non-current interest” as of December 31, 2022: Debtor Number of Periodicity registration or ID of Currency or Payment of Tax ID No. Company Country the instrument Series Maturity date adjustment index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2025 US$ Semiannual Upon maturity 4.08 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2029 US$ Semiannual Upon maturity 4.10 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2050 US$ Semiannual Upon maturity 4.19 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 09/10/2051 US$ Semiannual Upon maturity 3.42 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2030 UF Semiannual Semiannual 4.76 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/01/2033 UF Semiannual Upon maturity 3.69 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2028 UF Semiannual Upon maturity 3.24 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2038 UF Semiannual Upon maturity 3.43 % 3.45 % Nominal non-current maturities as of December 31, 2022 Carrying amounts of maturities as of December 31, 2022 Bond Over 1 Over 2 Over 3 Over 4 Over 5 Over 1 Over 2 Over 3 Over 4 Over 5 issuance Series year to 2 years to 3 Years to 4 Years to 5 years Total year to 2 years to 3 Years to 4 Years to 5 years Subtotal 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 (469) 249,531 MUS$450 — — — — 450,000 450,000 — — — — 450,000 450,000 (3,666) 446,334 MUS$400 — — — — 400,000 400,000 — — — — 400,000 400,000 (6,112) 393,888 MUS$700 — — — — 700,000 700,000 — — — — 700,000 700,000 (15,341) 684,659 H — — — — 96,967 96,967 — — — — 96,967 96,967 (1,034) 95,933 O — — — — 61,536 61,536 — — — — 61,536 61,536 (741) 60,795 P — — — — 123,072 123,072 — — — — 123,072 123,072 (52) 123,020 Q — — — — 123,073 123,073 — — — — 123,073 123,073 (309) 122,764 Total — — 250,000 — 1,954,648 2,204,648 — — 250,000 — 1,954,648 2,204,648 (27,724) 2,176,924 As of December 31,2021 Debtor Number of Currency or Periodicity registration or ID adjustment Payment of Tax ID No. Company Country of the instrument Series Maturity date index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2025 US$ Semiannual Upon maturity 4.08 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$300 04/03/2023 US$ Semiannual Upon maturity 3.42 % 3.63 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2029 US$ Semiannual Upon maturity 4.10 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2050 US$ Semiannual Upon maturity 4.19 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 10/09/2051 US$ Semiannual Upon maturity 3.43 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2030 UF Semiannual Semiannual 4.76 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/01/2033 UF Semiannual Upon maturity 3.69 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2028 UF Semiannual Upon maturity 3.24 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2038 UF Semiannual Upon maturity 3.43 % 3.45 % Nominal non-current maturities as of December 31, 2021 Carrying amounts of maturities as of December 31, 2021 Bond Over 1 Over 2 Over 3 Over 4 Over 5 Over 1 Over 2 Over 3 Over 4 Over 5 issuance Series year to 2 years to 3 Years to 4 Years to 5 years Total year to 2 years to 3 Years to 4 Years to 5 years Subtotal 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 (903) 249,097 MUS$300 300,000 — — — — 300,000 300,000 — — — — 300,000 (168) 299,832 MUS$450 — — — — 450,000 450,000 — — — — 450,000 450,000 (4,343) 445,657 MUS$400 — — — — 400,000 400,000 — — — — 400,000 400,000 (6,347) 393,653 MUS$700 — — — — 700,000 700,000 — — — — 700,000 700,000 (15,836) 684,164 H — — — — 100,064 100,064 — — — — 100,064 100,064 (1,206) 98,858 O — — — — 55,035 55,035 — — — — 55,035 55,035 (822) 54,213 P — — — — 110,070 110,070 — — — — 110,070 110,070 (65) 110,005 Q — — — — 110,070 110,070 — — — — 110,070 110,070 (330) 109,740 Total 300,000 — 250,000 — 1,925,239 2,475,239 300,000 — 250,000 — 1,925,239 2,475,239 (30,020) 2,445,219 e) Additional information Bonds The details of each issuance are as follows: (i) On January 13, 2009, the Company placed the Series H bond for UF 4,000,000 equivalent to ThUS$ 139,216 at an annual interest rate of 4.9%, with a term of 21 years and amortizations of principal beginning in July, 2019. 2021 During 2021, the amortization of principal amounted to UF 363,636.36, equivalent to ThUS$ 14,870 with an associated cross currency swap hedge income of ThUS$ 760. For more details on restrictions. See Note 19.1. 2022 During 2022, amortization of principal amounted to UF 363.636.36, equivalent to ThUS$ 13,117 with an associated cross currency swap hedge loss of ThUS$ 993. For the periods ended December 31, 2022, and 2021, the Company has made the following payments with a charge to the Series H bonds and their associated CCS hedging: As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series H bonds 5,241 6,661 6,601 CCS Coverage 2,126 1,598 2,575 (ii) On April 21, 2010, the Company informed the CMF of its placement in international markets of an unsecured bond of ThUS$ 250,000, pursuant to Rule 144 -A and Regulation S of the Securities and Exchange Commission with a maturity of 10 years with an annual interest rate of 5.5%. The Company paid the principal on April 21, 2020. For the periods ended December 31, 2022 and 2021, the detail of payments charged to the line of single series bonds, second issue is as follows. As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest — — 6,875 (iii) On April 4, 2012, the Company issued “Series O” for UF 1,500,000 (ThUS$ 69,901) at a term of 21 years with a single payment at the maturity of the term and an annual interest rate of 3.80%. See more details with respect a restriction in Note 19.1. For the periods ended December 31, 2022, and 2021, the Company has made the following payments with a charge to Series O bonds and their associated CCS hedging: As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series O bonds 2,139 2,225 2,070 CCS Coverage 556 438 599 (iv) On April 3, 2013, the Company issued a non-secured bond in the United States with a value of US$ 300 million. pursuant to Rule 144-A and Regulation S of the SEC. The bond is for a 10-year term with an annual coupon rate of 3.625%. For the periods ended December 31, 2022, and 2021, the following payments have been made with a debit to the line of single-series bonds, third issue: As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 10,875 10,875 10,875 (v) On October 23, 2014, the Company issued unsecured bonds amounting ThUS$ 250,000 in international markets, pursuant to Rule 144-A and Regulation S of the Securities and Exchange Commission. These bonds mature in 2025 and have annual interest rate of 4.375%. For the periods ended on December 31, 2022 and 2021, the following payments have been made. December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 10,938 10,938 10,938 (vi) The Company on March 31, 2008 issued the placement on the stock market of the Series “P” bond (the "Bonds” Series P) with a value of UF 3,000,000, with a charge to the 10 The bonds Series P (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 early redeemed by the Company starting from the date of placement, that was, as of April 5, 2018. For the periods ended on December 31, 2022 and 2021, the following payments and their associated CCS have been made: December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series P bonds 3,385 3,835 3,534 CCS Coverage 3,569 3,119 3,439 (vii) Series Q bonds On October 31, 2018, the issuance of Series Q bonds was authorized in the general stock market for the amount of UF 3,000,000, which were registered in the Securities Registry of the CMF on February 14, 2019 under number 700. The bonds Series Q (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 UF, from June 1, 2018 thereon; and (iii) may be early redeemed by the Company starting from the placement date, that was, 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. For the periods ended December 31, 2022 and 2021, the following payments have been made: December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series Q bonds 4,032 3,990 3,769 CCS Coverage 1,877 1,919 1,021 (viii) Single series fifth issue bonds MUS$ 450 On May 7, 2019, the CMF was informed that the Company issued and placed unsecured bonds for ThUS$ 450,000 pursuant to Rule 144-A and Regulation S of the Securities and Exchange Commission on international markets. These bonds will mature in 2029 and carry an interest rate of 4.25% per annum. For the periods ended on December 31, 2022 and 2021, the following payments have been made: December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 19,125 19,125 19,125 (ix) Single series sixth issue bonds MUS$ 400 On January 22, 2020, the Company has placed unsecured bonds in international markets for US$ 400 million, pursuant to Rule 144-A and Regulation S of the Securities and |
Right-of-use assets and Lease l
Right-of-use assets and Lease liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Right-of-use assets and Lease liabilities | |
Right-of-use assets and Lease liabilities | Note 13 Right-of-use assets and Lease liabilities 13.1 Other Reconciliation of changes property, Machinery, in right-of-use assets as of plant and Transport plant and December 31, 2022, net value Land Buildings equipment equipment equipment Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 17,353 20,951 — 2,578 11,726 52,608 Additions 1,599 736 — 186 16,675 19,196 Depreciation expenses (12) (3,846) — (965) (4,383) (9,206) Transfer to property, plant and equipment (622) — — — (1,114) (1,736) Other increases / decreases 2 (2) — 6 (1) 5 Total changes 967 (3,112) — (773) 11,177 8,259 Closing balance 18,320 17,839 — 1,805 22,903 60,867 Other Reconciliation of changes property, Machinery, in right-of-use assets as of plant and Transport plant and December 31, 2021, net value Land Buildings equipment equipment equipment Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance — 23,377 — 2,479 4,168 30,024 Additions 17,552 1,209 — 862 12,203 31,826 Depreciation expenses (199) (3,635) — (763) (4,109) (8,706) Other increases / decreases — — — — (536) (536) Total changes 17,353 (2,426) — 99 7,558 22,584 Closing balance 17,353 20,951 — 2,578 11,726 52,608 The Company’s lease activities included the following aspects: (a) The nature of the Company’s lease activities is related to contracts focused primarily on business operations, mainly rights-of-use to equipment and real estate, (b) The Company does not estimate any significant future cash outflows that would potentially expose the Company, and these are likewise not reflected in the measurement of lease liabilities, related to concepts such as: (i) Variable lease payments, (ii) Extension options and termination options, (iii) Guaranteed residual value and (iv) Leases not yet undertaken but committed by the Company. (c) These are not subject to restrictions or agreements imposed by contracts. There were no sales transactions with leases later in the period. 13.2 As of December 31, 2022 As of December 31, 2021 Lease liabilities Current Non-Current Current Non-Current ThUS$ ThUS$ ThUS$ ThUS$ Lease liabilities 12,149 49,585 7,704 46,519 Total 12,149 49,585 7,704 46,519 i) Current and non-current lease liabilities Debtor Creditor Contract Type of Maturity Tax ID No. Company Country TAX ID No. Supplier Country indexation unit amortization date Effective rate 79.626.800-K SQM Salar S.A. Chile 83.776.000-3 Empresa Constructora Contex Ltda. Chile UF Monthly 03-31-2025 5.39% 79.626.800-K SQM Salar S.A. Chile 76.327.820-4 Maquinaria Astudillo y Hermanos Ltda. Chile UF Monthly 01-08-2026 2.89% 79.626.800-K SQM Salar S.A. Chile 76.005.787-8 Obras y Servicios para la Industria y Minería S.A. Chile Peso Monthly 12-15-2026 2.61% 79.626.800-K SQM Salar S.A. Chile 76.976.580-8 Sociedad Comercial Grandleasing Chile Ltda Chile UF Monthly 06-01-2026 0.00% 79.626.800-K SQM Salar S.A. Chile 76.327.820-4 Maquinaria Astudillo y Hermanos Ltda. Chile Peso Monthly 11-24-2025 2.89% 79.626.800-K SQM Salar S.A. Chile 76.158.471-5 Sociedad Inmobiliaria Amaru SpA Chile UF Monthly 07-11-2023 2.00% 79.626.800-K SQM Salar S.A. Chile 76.327.820-4 Maquinaria Astudillo y Hermanos Ltda. Chile UF Monthly 06-01-2026 3.26% 79.626.800-K SQM Salar S.A. Chile 76.951.498-8 Inversiones y Gestión New Energy SpA Chile UF Monthly 04-01-2024 0.00% 79.626.800-K SQM Salar S.A. Chile 76.536.499-K Jungheinrich Rentalift SpA Chile UF Monthly 05-01-2028 2.90% 79.626.800-K SQM Salar S.A. Chile 83.472.500-2 Tattersall Maquinarias S.A. Chile UF Monthly 05-01-2028 2.90% 79.947.100-0 SQM Industrial S.A. Chile 96.856.400-5 El Trovador S.A. Chile UF Monthly 02-08-2030 3.10% 79.947.100-0 SQM Industrial S.A. Chile 76.976.580-8 Sociedad Comercial Grandleasing Chile Ltda Chile UF Monthly 08-26-2024 2.72% 79.947.100-0 SQM Industrial S.A. Chile 76.536.499-K Jungheinrich Rentalif SPA Chile UF Monthly 10-07-2024 3.49% 79.947.100-0 SQM Industrial S.A. Chile 76.320.186-4 Tecno Fast S.A. Chile UF Monthly 12-31-2022 1.44% 96.592.190-7 SQM Nitratos S.A. Chile 76.536.499-K Jungheinrich Rentalif SPA Chile UF Monthly 10-07-2024 3.49% 93.007.000-9 SQM S.A. Chile 76.536.499-K Jungheinrich Rentalif SPA Chile UF Monthly 10-07-2024 3.49% 79.768.170-9 Soquimich Comercial S.A. Chile 96.662.540-6 Containers Operators S.A. Chile UF Monthly 12-31-2022 0.81% 79.768.170-9 Soquimich Comercial S.A. Chile 76.729.932-K SAAM Logistics S.A. Chile UF Monthly 08-01-2022 0.81% 79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 07-06-2023 1.30% 79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 07-06-2023 1.30% 79.768.170-9 Soquimich Comercial S.A. Chile 76.722.280-7 Inmobiliaria Chincui SPA Chile UF Monthly 05-01-2028 3.38% 79.768.170-9 Soquimich Comercial S.A. Chile 96.565.580-8 Compañía de Leasing Tattersall S.A. Chile UF Monthly 07-05-2025 2.97% 79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 03-01-2029 4.11% Debtor Creditor Contract Type of Maturity Tax ID No. Company Country TAX ID No. Supplier Country indexation unit amortization date Effective rate 76.359.919-1 Orcoma SpA Chile 70.017.320-8 Obispado de Iquique Chile Peso Monthly 07-12-2036 6.16% 76.359.919-1 Orcoma SpA Chile 73.190.800-1 Comunidad Indígena Aymara Pueblo de Pisiga Choque Chile UF Monthly 07-12-2024 2.53% 76.359.919-1 Orcoma SpA Chile 6.848.218-6 Ruth del Carmen Cortez Maturana Chile Peso Monthly 07-12-2031 7.44% Foreign SQM North America Corp. USA Foreign Paces West LL. USA Dollar Monthly 12-31-2027 3.36% Foreign SQM North America Corp. USA Foreign Hawkins Nunmber One, LLC USA Dollar Monthly 08-31-2024 3.33% Foreign SQM North America Corp. USA Foreign Deep South Equipment Company USA Dollar Monthly 03-24-2024 1.33% Foreign SQM North America Corp. USA Foreign Tennant-South USA Dollar Monthly 07-02-2023 1.00% Foreign SQM North America Corp. USA Foreign Deacon Jones CDJR USA Dollar Monthly 03-30-2024 2.81% Foreign SQM North America Corp. USA Foreign Mt Mullahey Inc. Mullahey Chrysler Dodge USA Dollar Monthly 09-11-2022 2.81% Foreign SQM North America Corp. USA Foreign Berwyn Partners Inc. USA Dollar Monthly 12-24-2024 1.34% Foreign SQM North America Corp. USA Foreign Myers Ford Co Inc. USA Dollar Monthly 06-25-2024 1.51% Foreign SQM North America Corp. USA Foreign Ford Motor Credit Company USA Dollar Monthly 05-17-2025 4.19% Foreign SQM North America Corp. USA Foreign Porter and Howard INC. USA Dollar Monthly 11-22-2025 5.64% Foreign SQM North America Corp. USA Foreign Hanford Chrysler Dodge Jeep USA Dollar Monthly 07-18-2025 4.44% Foreign SQM Comercial de México S.A. de C.V. México Foreign Onni Ensenada S.A. de C.V. México Dollar Monthly 12-03-2026 3.45% Foreign SQM Comercial de México S.A. de C.V. México Foreign Madol Inmobiliaria S.A. de C.V. México Mexican Peso Monthly 10-31-2023 7.84% Foreign SQM Comercial de México S.A. de C.V. México Foreign Madol Inmobiliaria S.A. de C.V. México Mexican Peso Monthly 10-31-2023 7.84% Foreign SQM Europe N.V. Bélgica Foreign Straatsburgdok N.V. Bélgica Euro Monthly 03-31-2027 1.30% Foreign SQM Australia PTY Australia Foreign Eagle Petroleum (WA) Pty Ltd Australia Australian dollar Monthly 06-21-2022 5.00% Foreign SQM Australia PTY Australia Foreign The trust Company (Australia) Pty Ltd Australia Australian dollar Monthly 01-31-2021 3.60% Foreign SQM Australia PTY Australia Foreign Ausco Modular Pty Limited Australia Australian dollar Monthly 01-31-2023 5.00% Foreign SQM Australia PTY Australia Foreign Western Australian Land Authority Australia Australian dollar Monthly 08-31-2051 3.55% Foreign SQM Australia PTY Australia Foreign Mining Thiess Pty Ltd. Australia Australian dollar Monthly 08-31-2051 3.55% Foreign SQM Colombia S.A.S. Colombia Foreign Mareauto Colombia S.A.S. Colombia COP Monthly 12-18-2023 2.01% Foreign SQM Colombia S.A.S. Colombia Foreign Renting Colombia S.A. Colombia COP Monthly 10-16-2024 2.72% Foreign SQM Colombia S.A.S. Colombia Foreign Renting Colombia S.A. Colombia COP Monthly 12-27-2024 2.17% Foreign SQM África Pty Sudáfrica Foreign Goscor Finance (Pty) Ltd Sudáfrica ZAR Monthly 11-01-2026 8.51% (a) As of December 31, 2022 and 2021, current lease liabilities are analyzed as follows: Debtor Creditor Nominal amounts as of December 31, 2022 Amounts at amortized cost as of December 31, 2022 Company Supplier Up to 90 days 90 days to 1 year Total Up to 90 days 90 days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda 540 1,619 2,159 482 1,483 1,965 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 100 300 400 92 280 372 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 48 145 193 44 136 180 SQM Salar S.A. Sociedad Inmobiliaria Amaru SpA 49 49 98 49 49 98 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 8 23 31 7 21 28 SQM Salar S.A. Inversiones y Gestión New Energy SpA 108 325 433 108 325 433 SQM Salar S.A. Jungheinrich Rentalif SpA 130 390 520 112 340 452 SQM Salar S.A. Tattersall Maquinarias S.A. 55 164 219 47 143 190 SQM Salar S.A. Obras y Servicios para la industria y Minera S.A 294 882 1,176 267 810 1,077 SQM Salar S.A. Sociedad Comercial Grandlesing Chile Ltda 20 59 79 20 59 79 SQM Industrial S.A. El Trovador S.A. 466 1,399 1,865 376 1,144 1,520 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 180 540 720 173 526 699 SQM Industrial S.A. Jungheinrich Rentalift SpA 30 88 118 28 85 113 SQM Nitratos S.A. Jungheinrich Rentalift SpA 18 55 73 17 52 69 SQM S.A. Jungheinrich Rentalift SpA 20 59 79 18 55 73 Orcoma SpA Obispado de Iquique 1 4 5 1 2 3 Orcoma SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 1 4 5 1 4 5 Orcoma SpA Ruth del Carmen Cortez Maturana 1 3 4 1 2 3 Soquimich Comercial S.A. Muelles de Penco S.A. 84 182 266 77 165 242 Soquimich Comercial S.A. Muelles de Penco S.A. 43 59 102 44 59 103 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 157 471 628 131 401 532 Soquimich Comercial S.A. Compañia de leasing Tattersall S.A. 58 174 232 54 165 219 SQM North America Corp. Paces West LL. 56 173 229 47 148 195 SQM North America Corp. Hawkins Nunmber One, LLC 34 100 134 31 97 128 SQM North America Corp. Deep South Equipment Company 1 4 5 1 4 5 SQM North America Corp. Tennant- South 1 1 2 2 1 3 SQM North America Corp. Deacon Jones CDJR 2 6 8 2 6 8 SQM North America Corp. Berwyn Partners Inc 2 6 8 2 6 8 SQM North America Corp. Myers Ford Co Inc 2 6 8 2 5 7 SQM North America Corp. Ford Motor Credit Company 2 5 7 2 5 7 SQM North America Corp. Porter and Howard INC 1 4 5 1 3 4 SQM North America Corp. Hanford Chrysler Dodge Jeep 1 3 4 1 4 5 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 99 296 395 86 264 350 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 20 46 66 18 44 62 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 7 16 23 7 16 23 SQM Europe N.V. Straatsburgdok N.V. 102 306 408 96 290 386 SQM Australia PTY Ausco Modular Pty Limited 15 - 15 14 - 14 SQM Australia PTY Western Australian Land Authority 105 387 492 54 94 148 SQM Australia PTY Kwinana Refinery Lease - Laydown Area 25 74 99 23 71 94 SQM Australia PTY Thiess Pty Ltd 640 1,828 2,468 538 1,573 2,111 SQM Australia PTY Project JV 22 66 88 19 60 79 SQM Colombia S.A.S. Mareauto Colombia S.A.S. 1 4 5 1 4 5 SQM Colombia S.A.S. Renting Colombia S.A. 2 6 8 2 6 8 SQM Colombia S.A.S. Renting Colombia S.A. 2 7 9 2 7 9 SQM Africa Pty Goscor Finance (Pty) Ltd 12 36 48 8 27 35 Total 3,565 10,374 13,939 3,108 9,041 12,149 Debtor Creditor Nominal amounts as of December 31, 2021 Amounts at amortized cost as of December 31, 2021 Company Supplier Up to 90 days 90 days to 1 year Total Up to 90 days 90 days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda 540 1,618 2,158 457 1,407 1,864 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 100 300 400 89 272 361 SQM Salar S.A. SKM Industrial Ltda. 202 135 337 197 133 330 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 48 145 193 43 132 175 SQM Salar S.A. Sociedad Inmobiliaria Amaru SpA 49 146 195 47 144 191 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 8 23 31 7 20 27 SQM Industrial S.A. El Trovador S.A. 466 1,399 1,865 364 1,110 1,474 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 180 541 721 168 512 680 SQM Industrial S.A. Jungheinrich Rentalift SpA 30 88 118 27 82 109 SQM Industrial S.A. Tecnofast 18 56 74 18 55 73 SQM Nitratos S.A. Jungheinrich Rentalift SpA 18 55 73 17 50 67 SQM S.A. Jungheinrich Rentalift SpA 20 59 79 18 55 73 Orcoma Estudios SpA Obispado de Iquique 1 4 5 1 1 2 Orcoma Estudios SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 1 5 6 1 4 5 Orcoma Estudios SpA Ruth del Carmen Cortez Maturana 1 3 4 1 1 2 Soquimich Comercial S.A. Container Operators S.A. 86 257 343 85 257 342 Soquimich Comercial S.A. Muelles de Penco S.A. 41 124 165 41 122 163 Soquimich Comercial S.A. Muelles de Penco S.A. 44 134 178 44 131 175 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 157 471 628 127 388 515 Soquimich Comercial S.A. Compañía de Leasing Tattersall S.A. 58 174 232 52 161 213 SQM North America Corp. Paces West LL. 55 168 223 44 138 182 SQM North America Corp. Hawkins Nunmber One, LLC 32 98 130 30 91 121 SQM North America Corp. Deep South Equipment Company 1 4 5 1 4 5 SQM North America Corp. Tennant- South 2 4 6 1 5 6 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 99 296 395 84 254 338 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 20 58 78 17 53 70 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 7 21 28 6 19 25 SQM Europe N.V. Straatsburgdok N.V. 102 306 408 95 288 383 SQM Australia PTY Ausco Modular Pty Limited 9 25 34 8 24 32 SQM Australia PTY Western Australian Land Authority (52) (227) (279) (103) (244) (347) SQM Australia PTY Eagle Petroleum (WA) Pty Ltd 5 6 11 3 8 11 SQM Australia PTY Knight Frank 12 — 12 12 — 12 SQM Colombia S.A.S. Mareauto Colombia S.A.S. 2 4 6 2 4 6 SQM Colombia S.A.S. Renting Colombia S.A. 2 7 9 2 7 9 SQM Colombia S.A.S. Renting Colombia S.A. 3 7 10 3 7 10 Total 2,367 6,514 8,881 2,009 5,695 7,704 (b) As of December 31, 2022 and 2021, the non-current lease liabilities are analyzed as follows: Debtor Creditor Nominal amounts as of December 31, 2022 Amounts at amortized cost as of December 31, 2022 Company Supplier 1-2 Years 2-3 Years 3-4 Years Total 1-2 Years 2-3 Years 3-4 Years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda. 2,698 — — 2,698 2,606 — — 2,606 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 800 33 — 833 775 33 — 808 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 370 — — 370 359 — — 359 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 62 13 — 75 59 13 — 72 SQM Salar S.A. Inversiones y Gestión New Energy SpA. 144 — — 144 145 — — 145 SQM Salar S.A. Jungheinrich Rentalift SpA. 1,041 1,041 217 2,299 943 999 215 2,157 SQM Salar S.A. Tattersall Maquinarias S.A. 439 439 91 969 397 421 91 909 SQM Salar S.A. Obras y Servicios para la industria y Minera S.A. 1,176 1,176 1,078 3,430 1,104 1,133 1,064 3,301 SQM Salar S.A. Sociedad Comercial Grandlesing Chile Ltda 79 79 39 197 79 79 40 198 SQM Industrial S.A. El Trovador S.A. 3,730 5,595 2,176 11,501 3,182 5,152 2,135 10,469 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 420 — — 420 417 — — 417 SQM Industrial S.A. Jungheinrich Rentalift SpA 98 — — 98 97 — — 97 SQM Nitratos S.A. Jungheinrich Rentalift SpA 61 — — 61 60 — — 60 SQM S.A. Jungheinrich Rentalift SpA 66 — — 66 65 — — 65 Orcoma Estudios SpA Obispado de Iquique 10 14 36 60 5 8 29 42 Orcoma Estudios SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 4 — — 4 3 — — 3 Orcoma Estudios SpA Ruth del Carmen Cortez Maturana 8 12 10 30 3 3 18 24 Soquimich Comercial S.A. Muelles de Penco S.A. 170 102 261 533 153 90 244 487 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 1,255 1,517 — 2,772 1,119 1,455 — 2,574 Soquimich Comercial S.A. Compañia de leasing Tattersall S.A 349 — — 349 340 — — 340 SQM North America Corp. Paces West LL. 479 508 — 987 431 491 — 922 SQM North America Corp. Hawkins Nunmber One, LLC 90 — — 90 89 — — 89 SQM North America Corp. Deep South Equipment Company 1 — — 1 1 — — 1 SQM North America Corp. Deacon Jones CDJR 2 — — 2 2 — — 2 SQM North America Corp. Berwyn Partners Inc 8 — — 8 8 — — 8 SQM North America Corp. Myers Ford Co Inc 4 — — 4 4 — — 4 SQM North America Corp. Ford Motor Credit Company 12 — — 12 9 — — 9 SQM North America Corp. Porter and Howard INC 5 4 — 9 5 4 — 9 SQM North America Corp. Hanford Chrysler Dodge Jeep 5 3 — 8 5 3 — 8 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 789 362 — 1,151 738 356 — 1,094 SQM Europe N.V. Straatsburgdok N.V. 888 564 — 1,452 861 559 — 1,420 SQM Australia PTY Kwinana Refinery Lease - Laydown Area 25 — — 25 24 — — 24 SQM Australia PTY Thiess Pty Ltd 2,231 2,422 — 4,653 2,858 — — 2,858 SQM Australia PTY Western Australian Land Authority 1,616 3,162 23,894 28,672 61 1,619 16,102 17,782 SQM Australia PTY Project JV 83 — — 83 80 — — 80 SQM Colombia S.A.S. Renting Colombia S.A. 7 — — 7 7 — — 7 SQM Colombia S.A.S. Renting Colombia S.A. 11 — — 11 11 — — 11 SQM Africa Pty Goscor Finance (Pty) Ltd 12 36 48 96 82 42 — 124 Total 19,248 17,082 27,850 64,180 17,187 12,460 19,938 49,585 Debtor Creditor Nominal amounts as of December 31, 2021 Amounts at amortized cost as of December 31, 2021 Company Supplier 1-2 Years 2-3 Years 3-4 Years Total 1-2 Years 2-3 Years 3-4 Years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda 4,317 540 — 4,857 4,036 535 — 4,571 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 800 434 — 1,234 754 426 — 1,180 SQM Salar S.A. SKM Industrial Ltda. — — — — — — — — SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 386 177 — 563 365 174 — 539 SQM Salar S.A. Sociedad Inmobiliaria Amaru SpA 98 — — 98 97 — — 97 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 62 44 — 106 57 43 — 100 SQM Industrial S.A. El Trovador S.A. 3,730 5,594 4,040 13,364 3,086 4,997 3,905 11,988 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 1,141 — — 1,141 1,115 — — 1,115 SQM Industrial S.A. Jungheinrich Rentalift SpA 216 — — 216 209 — — 209 SQM Industrial S.A. Tecnofast — — — — — — — — SQM Nitratos S.A. Jungheinrich Rentalift SpA 134 — — 134 129 — — 129 SQM S.A. Jungheinrich Rentalift SpA 145 — — 145 141 — — 141 Orcoma Estudios SpA Obispado de Iquique 10 14 41 65 5 8 32 45 Orcoma Estudios SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 8 — — 8 8 — — 8 Orcoma Estudios SpA Ruth del Carmen Cortez Maturana 8 12 14 34 5 8 12 25 Soquimich Comercial S.A. Container Operators S.A. — — — — — — — — Soquimich Comercial S.A. Muelles de Penco S.A. 96 — — 96 96 — — 96 Soquimich Comercial S.A. Muelles de Penco S.A. 104 — — 104 103 — — 103 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 1,255 1,883 261 3,399 1,082 1,766 259 3,107 Soquimich Comercial S.A. Compañía de Leasing Tattersall S.A. 465 116 — 581 444 115 — 559 SQM North America Corp. Paces West LL. 465 752 — 1,217 403 714 — 1,117 SQM North America Corp. Hawkins Nunmber One, LLC 224 — — 224 217 — — 217 SQM North America Corp. Deep South Equipment Company 6 — — 6 6 — — 6 SQM North America Corp. Tennant- South 3 — — 3 3 — — 3 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 789 756 — 1,545 713 731 — 1,444 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 65 — — 65 63 — — 63 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 24 — — 24 23 — — 23 SQM Europe N.V. Straatsburgdok N.V. 844 1,015 — 1,859 807 1,000 — 1,807 SQM Australia PTY Ausco Modular Pty Limited 15 — — 15 15 — — 15 SQM Australia PTY Western Australian Land Authority 1,184 2,995 24,724 28,903 (86) 1,146 16,710 17,770 SQM Colombia S.A.S. Mareauto Colombia S.A.S. 6 — — 6 6 — — 6 SQM Colombia S.A.S. Renting Colombia S.A. 15 — — 15 15 — — 15 SQM Colombia S.A.S. Renting Colombia S.A. 21 — — 21 21 — — 21 Total 16,636 14,332 29,080 60,048 13,938 11,663 20,918 46,519 Other lease disclosures Total lease expenses related to lease payments that did not qualify under the scope of IFRS 16 were ThUS$ 78,880, ThUS$ 71,897 and ThUS$ 61,689 for the periods ended December 31, 2022, 2021 and 2020. See Note 21.8. Expenses related to variable payments not included in lease liabilities were ThUS$ 3,631, ThUS$ 1,313 and ThUS$ 1,117 for the periods ending December 31, 2022, 2021 and 2020. Income from subleases on right-of-use assets were ThUS$ 142, ThUS$ 146 and ThUS$ 176 as of December 31, 2022, 2021 and 2020, respectively. Payments for contractual operating leases are disclosed in Note 4.2 Liquidity Risk. |
Intangible assets and goodwill
Intangible assets and goodwill | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets and goodwill. | |
Intangible assets and goodwill | Note 14 Intangible assets and goodwill 14.1 As of December 31, 2022 Intangible assets and goodwill Useful life Net Value ThUS$ IT programs Finite 3,249 Mining rights Finite 140,873 Water rights and rights of way Indefinite 4,909 Water rights Finite 11,369 Intellectual property Finite 5,850 Other intangible assets Finite 86 Intangible assets other than goodwill 166,336 Goodwill Indefinite 967 Total Intangible Asset 167,303 As of December 31, 2021 Intangible assets and goodwill Useful life Net Value ThUS$ IT programs Finite 3,447 Mining rights Finite 149,532 Water rights and rights of way Indefinite 4,909 Water rights Finite 15,158 Intellectual property Finite 6,481 Other intangible assets Finite 131 Intangible assets other than goodwill 179,658 Goodwill Indefinite 34,596 Total Intangible Asset 214,254 a) Movements in identifiable intangible assets as of December 31, 2022: Water rights, Customer- Movements in identifiable intangible assets Mining rights, and rights of Water rights related Intellectual Other intangible IT programs Finite way, Indefinite Finite intangible assets property assets Goodwill Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ As of January 1, 2022 3,447 149,532 4,909 15,158 — 6,481 131 34,596 214,254 Additions 349 1,141 — — — — 14 — 1,504 Amortization for the year (1,039) (8,482) — (3,789) — (476) (59) — (13,845) Impairment losses recognized in profit or loss for the year (2) — (1,228) — — — — — (33,629) (34,857) Other increases / decreases for foreign currency exchange rates (4) — — — — (155) — — (159) Decreases through sale — — — — — — — — — Transferred from available for sale — — — — — — — — — Other increases (decreases) 496 (90) — — — — — — 406 Subtotal (198) (8,659) — (3,789) — (631) (45) (33,629) (46,951) As of December 31,2022 3,249 140,873 4,909 11,369 — 5,850 86 967 167,303 Historical cost 36,457 162,716 7,420 18,000 1,778 7,215 2,291 4,501 240,378 Accumulated amortization (33,208) (21,843) (2,511) (6,631) (1,778) (1,365) (2,205) (3,534) (73,075) As of January 1, 2021 3,447 149,532 4,909 15,158 — 6,481 131 34,596 214,254 Additions 296 344 — — — — 9 — 649 Amortization for the year (1,716) (2,863) — (2,842) — (889) (64) — (8,374) Impairment losses recognized in profit or loss for the year (1) — (48) (430) — — — — — (478) Other increases / decreases for foreign currency exchange rates (17) 2,283 (4) — — — (6) — 2,256 Decreases through sale — — — — — — — — — Transferred from available for sale — 16 — — — — — — 16 Other increases (decreases) 58 (246) — — — 7,370 — (7,370) (188) Subtotal (1,379) (514) (434) (2,842) — 6,481 (61) (7,370) (6,119) As of December 31,2021 3,447 149,532 4,909 15,158 — 6,481 131 34,596 214,254 Historical cost 35,616 162,893 7,420 18,000 1,778 7,370 2,277 38,130 273,484 Accumulated amortization (32,169) (13,361) (2,511) (2,842) (1,778) (889) (2,146) (3,534) (59,230) (1) See Note 21.5 (2) A determination made in the fourth quarter of 2022 led to the identification of assets that are not in the company’s long-term business plan. Therefore, the Company recognized impairment for the value of certain intangible assets and associated goodwill in an amount of ThUS $34,149 , which are related to the Iodine and Derivatives Cash Generating Unit. (b) Movements in identifiable goodwill as of December 31, 2022 and 2021: Accumulated impairment Goodwill at the beginning Additional Impairment losses recognized in Total increase Ending balance as of december 31, 2022 Movements in identifiable goodwill of period January 1, 2022 recognition profit or loss for the year (-) (decrease) ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. 22,255 — (22,255) (22,255) — SQM Iberian S.A. 148 — — — 148 SQM Investment Corporation 86 — — — 86 Soquimich European Holding B.V. 11,383 — (11,374) (11,374) 9 SQM Potasio S.A. 724 — — — 724 Ending balance as of December 31,2022 34,596 — (33,629) (33,629) 967 Accumulated impairment Goodwill at the beginning Additional Impairment losses recognized in Total increase Ending balance as of december 31, 2021 Movements in identifiable goodwill of period January 1, 2021 recognition profit or loss for the year (-) (decrease) ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. 22,255 — — — 22,255 SQM Iberian S.A. 148 — — — 148 SQM Investment Corporation 86 — — — 86 Soquimich European Holding B.V. 11,383 — — — 11,383 SQM Holland B.V. (*) 7,370 — — (7,370) — SQM Potasio S.A. 724 — — — 724 Ending balance as of December 31,2021 41,966 — — (7,370) 34,596 (*) The measurement of assets and liabilities related to the acquisition of WNSPK (see Note 7) was completed in 2021 and as a result ThUS$ 7,370 were identified as intellectual property and reclassified from goodwill as a consequence. |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment | |
Property, plant and equipment | Note 15 Property, plant and equipment As of December 31, 2022, and 2021, the detail of property, plant and equipment is as follows: 15.1 As of As of December 31, December 31, Description of types of property, plant and equipment 2022 2021 ThUS$ ThUS$ Property, plant and equipment, net Land 23,482 23,507 Buildings 273,913 270,563 Other property, plant and equipment 34,960 32,846 Transport equipment 9,487 2,463 Supplies and accessories 4,798 5,556 Office equipment 1,355 1,386 Network and communication equipment 1,872 1,359 Mining assets 60,284 38,241 IT equipment 3,147 3,570 Energy generating assets 3,253 3,970 Constructions in progress 1,328,508 731,787 Machinery, plant and equipment 981,779 896,977 Total 2,726,838 2,012,225 Property, plant and equipment, gross Land 23,482 23,507 Buildings 803,398 767,096 Other property, plant and equipment 250,058 239,582 Transport equipment 21,343 13,357 Supplies and accessories 29,426 28,786 Office equipment 13,141 12,943 Network and communication equipment 10,878 9,577 Mining assets 230,803 195,889 IT equipment 31,197 30,456 Energy generating assets 38,540 38,540 Constructions in progress 1,328,508 731,787 Machinery, plant and equipment 3,716,440 3,464,881 Total 6,497,214 5,556,401 Accumulated depreciation and value impairment of property, plant and equipment, total Accumulated depreciation and impairment of buildings (529,485) (496,533) Accumulated depreciation and impairment of other property, plant and equipment (215,098) (206,736) Accumulated depreciation and impairment of transport equipment (11,856) (10,894) Accumulated depreciation and impairment of supplies and accessories (24,628) (23,230) Accumulated depreciation and impairment of office equipment (11,786) (11,557) Accumulated depreciation and impairment of network and communication equipment (9,006) (8,218) Accumulated depreciation and impairment of mining assets (170,519) (157,648) Accumulated depreciation and impairment of IT equipment (28,050) (26,886) Accumulated depreciation and impairment of energy generating assets (35,287) (34,570) Accumulated depreciation and impairment of machinery, plant and equipment (2,734,661) (2,567,904) Total (3,770,376) (3,544,176) As of As of December 31, December 31, Description of classes of property, plant and equipment 2022 2021 ThUS$ ThUS$ Property, plant and equipment, net Pumps 32,120 28,889 Conveyor Belt 17,135 18,294 Crystallizer 48,582 20,189 Plant Equipment 163,594 168,370 Tanks 25,923 22,358 Filter 47,976 41,438 Electrical equipment/facilities 110,275 97,594 Other Property, Plant & Equipment 112,628 71,150 Site Closure 36,673 34,248 Piping 107,481 106,317 Well 177,708 202,982 Pond 41,729 42,547 Spare Parts (1) 59,955 42,601 Total 981,779 896,977 (1) The reconciliation of the spare parts provisions as of December 31, 2022 and 2021 is as follows: As of As of December 31, December 31, Reconciliation 2022 2021 ThUS$ ThUS$ Opening balance 48,262 42,881 Increase in provision 3,810 5,381 Closing balance 52,072 48,262 15.2 Reconciliation of changes in property, plant and equipment by class as of December 31, 2022 and 2021: Other Reconciliation of changes in property, property, Supplies Network and Energy Assets Machinery, Property, plant and equipment by class as of plant and Transport and Equipment communication Mining IT generating under plant and plant and Land Buildings equipment equipment accessories office equipment assets equipment assets construction equipment equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ At January 1, 2022 23,507 270,563 32,846 2,463 5,556 1,386 1,359 38,241 3,570 3,970 731,787 896,977 2,012,225 Additions — 495 425 146 4 7 152 — 270 — 922,690 7,194 931,383 Disposals — — — — — — — — — — — (19) (19) Depreciation for the year — (32,915) (8,691) (962) (1,400) (248) (788) (12,871) (1,256) (717) (158,865) (218,713) Impairment (2) — (156) (7,928) (8,084) Increase (decrease) in foreign currency translation difference (2) (5) (7) — — — (1) — — — — — (20) (33) Reclassifications 121 37,147 10,449 7,840 726 213 1,149 34,914 582 — (316,994) 223,853 — Other increases (decreases) — (1,127) (69) — (88) (2) — — (19) — (8,975) 20,587 10,307 Decreases for classification as held for sale (141) (87) — — — — — — — — — — (228) Subtotal (25) 3,350 2,114 7,024 (758) (31) 513 22,043 (423) (717) 596,721 84,802 714,613 As of December 31, 2022 23,482 273,913 34,960 9,487 4,798 1,355 1,872 60,284 3,147 3,253 1,328,508 981,779 2,726,838 Historical cost 23,482 803,398 250,058 21,343 29,426 13,141 10,878 230,803 31,197 38,540 1,328,508 3,716,440 6,497,214 Accumulated depreciation — (529,485) (215,098) (11,856) (24,628) (11,786) (9,006) (170,519) (28,050) (35,287) — (2,734,661) (3,770,376) At January 1, 2021 23,579 239,666 35,418 2,880 4,183 459 1,272 47,052 4,083 4,878 486,345 887,504 1,737,319 Additions — — 346 — — 29 58 — 232 — 470,112 756 471,533 Disposals — — — — — — — — — — — — — Depreciation for the year — (30,872) (7,848) (759) (1,384) (383) (539) (10,138) (1,387) (908) — (141,460) (195,678) Impairment (2) — (456) (75) — (16) (8) — — (8) — — (5,019) (5,582) Increase (decrease) in foreign currency translation difference (2) (72) (80) (1) — — (1) — — — — — (69) (223) Reclassifications — 62,291 5,008 354 2,773 1,290 553 1,327 557 — (224,945) 150,792 — Other increases (decreases) — 14 (2) (12) — — 15 — 93 — 275 4,473 4,856 Decreases for classification as held for sale — — — — — — — — — — — — — Subtotal (72) 30,897 (2,572) (417) 1,373 927 87 (8,811) (513) (908) 245,442 9,473 274,906 As of December 31, 2021 23,507 270,563 32,846 2,463 5,556 1,386 1,359 38,241 3,570 3,970 731,787 896,977 2,012,225 Historical cost 23,507 767,096 239,582 13,357 28,786 12,943 9,577 195,889 30,456 38,540 731,787 3,464,881 5,556,401 Accumulated depreciation — (496,533) (206,736) (10,894) (23,230) (11,557) (8,218) (157,648) (26,886) (34,570) — (2,567,904) (3,544,176) (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: (i) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; (ii) the variation representing the purchase and use of materials and spare parts; (iii) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; (iv) software that is reclassified to “Intangibles (v) Provisions related to the investment plan and assets related to closing the site. (2) See note 21.5. This corresponds to assets identified as not being used in the operation due to their specific characteristics. 15.3 There are no restrictions in title or guarantees for compliance with obligations that affect property, plant and equipment. 15.4 The rates and costs for capitalized interest of property, plant and equipment are detailed as follows: As of As of December 31, December 31, Costs of capitalized interest 2022 2021 ThUS$ ThUS$ Weighted average capitalization rate of capitalized interest costs 4 % 4 % Amount of interest cost capitalized 24,708 14,206 |
Other current and non-current n
Other current and non-current non-financial assets | 12 Months Ended |
Dec. 31, 2022 | |
Other current and non-current non-financial assets | |
Other current and non-current non-financial assets | Note 16 Other current and non-current non-financial assets As of December 31, 2022, and 2021, the detail of “Other Current and Non-current Assets” is as follows: As of As of December 31, December 31, Other non-financial assets, current 2022 2021 ThUS$ ThUS$ Domestic Value Added Tax 81,361 26,356 Foreign Value Added Tax 66,926 14,395 Prepaid mining licenses 1,122 1,233 Prepaid insurance 33,896 20,443 Other prepayments 1,230 659 Refund of Value Added Tax to exporters 3,020 — Other taxes 7,512 6,030 Other assets 1,268 754 Total 196,335 69,870 As of As of December 31, December 31, Other non-financial assets, non-current 2022 2021 ThUS$ ThUS$ Exploration and evaluation expenses 44,023 26,752 Guarantee deposits 717 622 Other assets 7,656 6,113 Total 52,396 33,487 Movements in assets for the exploration and evaluation of mineral resources as of December 31, 2022, and 2021: As of As of As of December 31, December 31, December 31, Reconciliation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Opening balance 26,752 17,883 18,654 Change in assets for exploration and evaluation of mineral resources Additions 11,341 8,071 — Short term reclassifications (465) 83 (526) Increase (decrease) due to transfers and other charges 6,395 715 (245) Total changes 17,271 8,869 (771) Total 44,023 26,752 17,883 As of December 31, 2022 and 2021, no reevaluations of assets for exploration and assessment of mineral resources have been conducted. Mineral resource exploration and evaluation expenditure Given the nature of operations of the Company and the type of exploration it undertakes, disbursements for exploration can be found in 4 stages: Execution, economically feasible, not economically feasible and in exploitation: (a) Not economically feasible (b) Execution: As of As of December 31, December 31, Explorations in execution 2022 2021 ThUS$ ThUS$ Chile 3,699 1,000 Total 3,699 1,000 As of As of December 31, December 31, Conciliation of explorations in execution 2022 2021 ThUS$ ThUS$ Opening balance 1,000 2,666 Disbursements 4,227 1,736 Reclassifications (1,528) (3,402) Total changes 2,699 (1,666) Total 3,699 1,000 (c) Economically feasible As of As of December 31, December 31, Prospecting Type of Exploration 2022 2021 ThUS$ ThUS$ Chile (1) Metallic/Non-Metallic 36,327 18,154 Total 36,327 18,154 (1) The value presented for Chile is composed as of December 2022 of ThUS 11,417 corresponding to non-metallic exploration and evaluation and ThUS$ 24,910 associated with metallic exploration. In December 2021, the amounts of non-metallic and metallic exploration were ThUS$ 6,550 ThUS$ 11,604 , respectively. Economically feasible metallic explorations are those classified as advanced exploration. As of As of December 31, December 31, Prospecting conciliation 2022 2021 ThUS$ ThUS$ Opening balance 18,154 10,872 Additions 11,341 8,071 Reclassifications from Exploration in execution – Chile 8,864 1,906 Reclassifications to Exploration in Exploitation-Chile (2,032) (2,695) Total changes 18,173 7,282 Total 36,327 18,154 (d) In Exploitation As of As of December 31, December 31, Short-Term Exploitation Conciliation 2022 2021 ThUS$ ThUS$ Opening balance 1,235 1,318 Amortization — (1,359) Reclassifications 465 1,276 Total changes 465 (83) Total 1,700 1,235 As of As of December 31, December 31, Long-Term Exploitation Conciliation 2022 2021 ThUS$ ThUS$ Opening balance 8,598 7,011 Amortization (2,421) — Reclassifications 1,519 1,587 Total changes (902) 1,587 Total 7,696 8,598 |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2022 | |
Employee benefits | |
Employee benefits | Note 17 Employee benefits 17.1 As of As of December 31, December 31, Classes of benefits and expenses by employee 2022 2021 ThUS$ ThUS$ Current Profit sharing and bonuses 2,270 1,383 Performance bonus and operational 33,106 25,392 Total 35,376 26,775 Non-current Profit sharing and bonuses 8,973 — Severance indemnity payments 34,899 27,099 Total 43,872 27,099 17.2 This policy is applied to all benefits received for services provided by the Company’s employees. This is divided as follows: a) 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 maintains incentive programs for its employees, which are calculated based on the net result at the close of each period by applying a factor obtained from an evaluation based on their personal performance, the Company’s performance and other short-term and long-term indicators. b) 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. See Note 17.3. c) Obligations after employee retirement, described in Note 17.4. d) Retention bonuses for a group of Company executives, described in Note 17.6. 17.3 Other long-term benefits 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 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 for men and 60 for women, which are the usual retirement ages according to the Chilean pensions system as established in Decree Law 3,500 of 1980. Methodology The determination of the defined benefit obligation is made under the requirements of IAS 19 “Employee benefits”. 17.4 Our subsidiary SQM NA, 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 NA offers benefits related to pension plans based on the 401-K system to its employees, which do not generate obligations for the Company. A settlement was reflected in the last quarter of 2022 for the purchase of annuities by the pension plan for all inactive participants. As of As of As of December 31, December 31, December 31, Reconciliation Changes in the benefit obligation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Opening balance 9,550 9,864 9,586 Current cost of service — — — Interest cost 255 240 280 Actuarial gains loss (1,357) (135) 506 Settlement (7,739) Benefits paid (430) (419) (508) Total benefit obligation (A) 279 9,550 9,864 As of As of As of Reconciliation December 31, December 31, December 31, Changes in plan assets 2022 2021 2020 ThUS$ ThUS$ ThUS$ Fair value of plan assets at the start of the year 13,497 12,888 8,754 Real return (loss) in the plan assets (346) 1,028 4,642 Benefits paid (430) (419) (508) Settlement (7,739) — — Fair value of plan assets at the end of the year 4,982 13,497 12,888 Non-current-assets 4,703 3,947 3,025 Elements not yet recognized as components of the cost of periodic net pensions: Net actuarial loss at the beginning of the year 1,039 192 (3,634) Amortization during the year — — 326 Settlement (1,627) — — Gain 647 847 3,500 Adjustment to recognize the minimum pension obligation 59 1,039 192 For the For the For the year ended year ended year ended Cost of service or benefits received during the year 2022 2021 2020 ThUS$ ThUS$ ThUS$ Financial cost 255 240 280 Real loss in plan assets (363) (316) (637) Settlement (1,627) — — Amortization of prior year losses — — 326 Net periodic pension expenses (1,735) (76) (31) 17.5 As of December 31, 2022, and 2021, severance indemnities calculated at the actuarial value are as follows: As of As of As of December 31, December 31, December 31, Staff severance indemnities 2022 2021 2020 ThUS$ ThUS$ ThUS$ Opening balance (27,099) (32,199) (27,814) Current cost of service (4,204) (4,978) (3,804) Interest cost (1,928) (1,303) (1,486) Actuarial gain loss (5,305) 3,999 (2,826) Exchange rate difference 551 4,971 (1,513) Benefits paid during the year 3,086 2,411 5,244 Total (34,899) (27,099) (32,199) (a) Actuarial assumptions The liability recorded for staff severance indemnity is valued at the actuarial value method, using the following actuarial assumptions: As of As of As of December 31, December 31, December 31, Actuarial assumptions 2022 2021 2020 Annual/Years Mortality rate RV - 2014 RV - 2014 RV - 2014 Actual annual interest rate 5.12 % 5.67 % 3.65 % Voluntary retirement rate: Men 6.49 % 6.49 % 6.49 % Annual Women 6.49 % 6.49 % 6.49 % Annual Salary increase 3.00 % 3.00 % 3.00 % Annual Retirement age: Men 65 65 65 Years Women 60 60 60 Years (b) Sensitivity analysis of assumptions As of December 31, 2022, 2021 and 2020, the Company has conducted a sensitivity analysis of the main assumptions of the actuarial calculation, determining the following: Effect + 100 basis Effect - 100 basis Sensitivity analysis as of December 31, 2022 points points ThUS$ ThUS$ Discount rate (2,090) 2,352 Employee turnover rate (274) 307 Effect + 100 basis Effect - 100 basis Sensitivity analysis as of December 31, 2021 points points ThUS$ ThUS$ Discount rate (1,614) 1,817 Employee turnover rate (212) 237 Effect + 100 basis Effect - 100 basis Sensitivity analysis as of December 31, 2020 points points ThUS$ ThUS$ Discount rate (1,985) 2,234 Employee turnover rate (261) 291 Sensitivity relates to an increase/decrease of 100 basis points. 17.6 The Company currently has a compensation plan with the purpose of motivating the Company’s executives and encouraging them to remain with the Company. There are two compensation plans in effect as of December 31, 2022: I) Share-based compensation plan Plan established for the 2017-2022 period for granting payments based on the change in the price of company shares. The benefit program includes a partial payment in shares where a contract is terminated for causes different from resignation and the application of Article 160 of the Labor Code. (a) Plan characteristics This compensation plan is related to the Company’s performance through the SQM Series B share price (Santiago Stock Exchange). (b) Plan participants and payment dates The compensation plan considers 29 Company’s executives, who are entitled to this benefit, provided that they stay with the Company until a given date, recognizing on an accrual basis: i) a 2021 bonus, which will be made effective by paying 146,708 shares distributed between the four quarters of 2021, and ii) a 2022 bonus for 42,032 shares, which will be made effective the first quarter of 2023. (c) Compensation The compensation payable to each executive is calculated by multiplying: i) the average price of the series B shares on the Santiago Stock Exchange during the fourth quarter of 2020, in its US dollar equivalent (with a value of US$ 41.93 per share). ii) the average price of SQM’s series B shares during the final quarter of 2022, subject to a limit of US$ 54 per share. iii) by a number equal to the quantity of shares that have been individually assigned to each executive included in the plan. The current compensation plan was approved by the Board and includes 188,740 shares. The effects on the statement of results correspond to a charge of ThUS$ 2,251, ThUS$ 5,978 and ThUS$ 875 on the result for the periods ending on December 31, 2022, 2021 and 2020. 188,740 shares were paid out up to December 31, 2022. II) Financial target compensation plan (a) Plan characteristics This is a cash compensation plan linked to the Company’s attainment of specific financial targets. (b) Plan participants and payment dates A total of 42 Company executives are entitled to this benefit, provided they remain with the Company until year end of 2025. The payment dates, where relevant, will be during the first quarter of 2026. This compensation plan was approved by the Board and was first applied on January 1, 2022. Expenditure for the period corresponds to ThUS$8,495 as of December 31, 2022. |
Provisions and other non-financ
Provisions and other non-financial liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Provisions and other non-financial liabilities | |
Provisions and other non-financial liabilities | Note 18 Provisions and other non-financial liabilities 18.1 As of December 31, 2022 As of December 31, 2021 Types of provisions Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Provision for legal complaints (1) 52,106 1,603 53,709 48,518 1,223 49,741 Provision for dismantling, restoration and rehabilitation cost (2) — 53,995 53,995 — 58,592 58,592 Other provisions (3) 1,251,040 2,455 1,253,495 269,148 1,223 270,371 Total 1,303,146 58,053 1,361,199 317,666 61,038 378,704 (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 20.1). (2) Sernageomin commitments for the restoration of the location of the production sites have been incorporated. This cost value is calculated at discounted present value, using flows associated with plans with an evaluation horizon that fluctuates between 8 and 25 years for potassium-lithium operations and 11 to 22 years for nitrate-iodine operations. The rates used to discount future cash flows are based on market rates for the aforementioned terms (3) See Note 18.2. 18.2 Description of other provisions As of As of December 31, December 31, Current provisions, other short-term provisions 2022 2021 ThUS$ ThUS$ Rent under Lease contract (1) 1,189,326 260,889 Provision for additional tax related to foreign loans 1,085 1,027 End of agreement bonus 35,819 2,792 Directors’ per diem allowance 4,250 3,938 Miscellaneous provisions 20,560 502 Total 1,251,040 269,148 (1) Payment Obligations for the lease contract with Corfo: These correspond to obligations assumed in the Lease Agreement. 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 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. This agreement has been amended since it was signed, and it is reasonable to expect that it will continue to be amended as mutually agreed by the parties. Additionally, SQM Salar commits to contribute to research and development efforts, as well as to the communities in close proximity to the Salar de Atacama and provide a percentage of total annual sales of SQM Salar to regional development. SQM Salar commits to contribute between US$10.8 million and US$18.9 million per year to research and development efforts, between US$10 to US$15 million per year to the communities in close proximity to the Salar de Atacama, and 1.7% of total annual sales of SQM Salar to regional development . 18.3 Changes in provisions Provision for dismantling, Description of items that gave rise to variations restoration and as of December 31, 2022 Legal complaints rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 49,741 58,592 270,371 378,704 Changes Additional provisions 3,981 7,085 3,045,758 3,056,824 Provision used — — (2,060,321) (2,060,321) Increase(decrease) in foreign currency exchange (1) (35) 4 (32) Others (12) (11,647) (2,317) (13,976) Total Increase (decreases) 3,968 (4,597) 983,124 982,495 Total 53,709 53,995 1,253,495 1,361,199 Provision for dismantling, Description of items that gave rise to variations restoration and as of December 31, 2021 Legal complaints rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 10,165 61,265 95,353 166,783 Changes Additional provisions 48,012 7,302 232,254 287,568 Provision used (8,399) — (56,959) (65,358) Increase(decrease) in foreign currency exchange (37) — (35) (72) Others — (9,975) (242) (10,217) Total Increase (decreases) 39,576 (2,673) 175,018 211,921 Total 49,741 58,592 270,371 378,704 Provision for dismantling, Description of items that gave rise to variations restoration and as of December 31, 2020 Legal complaints rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 14,924 33,238 97,093 145,255 Changes Additional provisions 62,922 30,974 60,685 154,581 Provision used (67,685) — (59,939) (127,624) Increase(decrease) in foreign currency exchange 4 — (2,486) (2,482) Others — (2,947) — (2,947) Total Increase (decreases) (4,759) 28,027 (1,740) 21,528 Total 10,165 61,265 95,353 166,783 18.4 Other non-financial liabilities, Current As of As of December 31, December 31, Description of other liabilities 2022 2021 ThUS$ ThUS$ Tax withholdings 46,518 21,546 VAT payable 43,439 26,111 Guarantees received 743 746 Accrual for dividend 7,370 34,184 Monthly tax provisional payments 289,326 23,319 Deferred income 19,341 5,605 Withholdings from employees and salaries payable 7,242 5,587 Accrued vacations (1) 29,642 23,467 Other current liabilities 2,856 1,109 Total 446,477 141,674 (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 |
Disclosures on equity
Disclosures on equity | 12 Months Ended |
Dec. 31, 2022 | |
Disclosures on equity | |
Disclosures on equity | 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 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 the company. 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. The Company’s management controls capital management based on the following ratios: As of December 31, As of December 31, Capital Management 2022 2021 Description (1) Calculation (1) Net Financial Debt (ThUS$) (721,980) 204,692 Financial Debt – Financial Resources Other current Financial Liabilities + Other Non-Current Financial Liabilities– Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current Liquidity 2.29 4.62 Current Assets divided by Current Liabilities Total Current Assets / Total Current Liabilities ROE 79.37 % 18.41 % Profit for the year divided by Total Equity Profit for the year / Equity Adjusted EBITDA (ThUS$) 5,838,439 1,185,453 Adjusted EBITDA EBITDA – 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 on reversal (losses) of financial assets – Finance income – Currency differences. EBITDA (ThUS$) 5,817,605 1,140,086 EBITDA Profit (loss) + Depreciation and Amortization Expense adjustments + Finance Costs + Income Tax ROA 78.61 % 21.29 % Adjusted EBITDA – Depreciation divided by Total Assets net of financial resources less related parties’ investments (Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity accounted Investments) (LTM) Indebtedness (0.15) 0.06 Net Financial Debt on Equity Net Financial Debt / Total Equity The Company’s capital requirements change according to variables such as: working capital needs, new investment financing and dividends, among others. The SQM Group manages its capital structure and makes adjustments bases on 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 of the SQM Group. 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 have been recorded. There are no contractual capital investment commitments. 19.2 Bond issuance contracts in the local market require the Company to maintain a Total Borrowing Ratio no higher than 1 for Series H, Series O and Series Q bonds, calculated over the last consecutive 12 months. Capital management must ensure that the Borrowing Ratio remains below 1.0, with respect to the Series H, Series O and Series Q bonds. This ratio was redefined at the Bondholders’ Meeting held in September 2020, as the result of dividing Net Financial Debt by the company’s Total Equity. Previously it had been defined as Total Liabilities divided by Equity, and the limit for this ratio was 1.44, with a prepayment option for bondholders if this ratio rose above 1.2. As of December 31, 2022 and 2021 this ratio was (0.15). The financial restrictions with respect to the bonds issued by the Company for the periods ended December 31, 2022 and 2021 are as follows. Financial restrictions (member) Financial Financial Financial Financial restrictions restrictions restrictions restrictions As of December 31, 2022 (member) (member) (member) (member) Instrument with restriction Bonds Bonds Bonds Bank loans Reporting party or subsidiary restriction Creditor Bondholders Bondholders Bondholders Scotiabank Registration number H Q O PB 70M Name of financial indicator or ratio (See definition in Note 20.1) NFD/Equity NFD/Equity NFD/Equity NFD/Equity Measurement frequency Quarterly Quarterly Quarterly Quarterly Restriction (Range, value and unit of measure) Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Indicator or ratio determined by the company -0.15 -0.15 -0.15 -0.15 Fulfilled YES/NO yes yes yes yes Financial restrictions (member) Financial Financial Financial Financial restrictions restrictions restrictions restrictions As of December 31, 2021 (member) (member) (member) (member) Instrument with restriction Bonds Bonds Bonds Bank loans Reporting party or subsidiary restriction Creditor Bondholders Bondholders Bondholders Scotiabank Registration number H Q O PB 70M Name of financial indicator or ratio (See definition in Note 20.1) NFD/Equity NFD/Equity NFD/Equity NFD/Equity Measurement frequency Quarterly Quarterly Quarterly Quarterly Restriction (Range, value and unit of measure) Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Indicator or ratio determined by the company 0.06 0.06 0.06 0.06 Fulfilled YES/NO yes yes yes yes Bond issuance contracts in foreign markets require that the Company does not merge, or dispose of, or encumber all or a significant portion of its assets, unless all of the following conditions are met: (i) the legal successor is an entity constituted under the laws of Chile or the United States, which assumes all the obligations of the Company in a supplemental indenture, (ii) immediately after the merger or disposal or encumbrance there is no default by the issuer, and (iii) the issuer has provided a legal opinion indicating that the merger or disposal or encumbrance and the supplemental indenture comply with the requirements of the original indenture. The Company is also committed to provide quarterly financial information. The Company and its subsidiaries are complying with all the aforementioned limitations, restrictions and obligations. 19.3 Issued share capital is divided into Series A shares and 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, 2022, the Group hold 648 Series A shares treasury shares. Detail of capital classes in shares: As of December 31, 2022, the Company has placed share issues in the market as described in note 1.6: As of December 31, 2022 As of December 31, 2021 As of December 31, 2020 Type of capital in preferred shares Series A Series B Series A Series B Series A Series B Description of type of capital in shares Number of authorized shares 142,819,552 142,818,904 142,819,552 142,818,904 142,819,552 120,376,972 Number of fully subscribed and paid shares 142,819,552 142,818,904 142,819,552 142,818,904 142,819,552 120,376,972 Number of subscribed, partially paid shares — — — — — — Increase (decrease) in the number of current shares — — — — — — Number of outstanding shares 142,818,904 142,818,904 142,818,904 142,818,904 142,819,552 120,376,972 Number of shares owned by the Company or its subsidiaries or associates 648 — 648 — — — 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 1,442,893 134,750 1,442,893 134,750 342,636 Total number of subscribed shares 142,819,552 142,818,904 142,819,552 142,818,904 142,819,552 120,376,972 19.4 As of December 31, 2022, 2021 and 2020, this caption comprises the following: As of As of As of December 31, December 31, December 31, Disclosures on reserves in equity 2022 2021 2020 ThUS$ ThUS$ ThUS$ Reserve for currency exchange conversion (1) (8,042) (7,913) (11,569) Reserve for cash flow hedges (2) (14,575) (34,025) 4,491 Reserve for gains and losses from financial assets measured at fair value through other comprehensive income (3) (10,973) (11,146) 6,872 Reserve for actuarial gains or losses in defined benefit plans (4) (9,198) (4,174) (8,680) Other reserves 11,663 13,103 16,318 Total (31,125) (44,155) 7,432 (1) This balance reflects retained earnings for changes in the exchange rate when converting the financial statements of subsidiaries whose functional currency is different from the US dollar. (2) 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. (3) This caption includes the fair value of equity investments that are not held for trading and that the group has irrevocably opted to recognize in this category upon initial recognition . 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. (4) This caption reflects the effects of changes in actuarial assumptions, mainly changes in the discount rate. Movements in other reserves and changes in interest were as follows: Foreign Reserve for gains (losses) currency from financial assets translation Reserve for actuarial gains measured at fair value difference Reserve for cash flow and losses from defined through other Other (1) hedges benefit plans comprehensive income reserves Total reserves Before Before Before Deferred Before Deferred Before Deferred Total Movements taxes taxes Tax taxes taxes Taxes taxes taxes Reserves taxes reserves ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance as of January 1, 2020 (25,745) 9,879 (2,683) (11,482) 1,992 392 (662) 14,086 (12,870) (1,353) (14,223) Movement of reserves (404) (461) 1,001 955 (145) 9,784 (2,642) 2,537 9,166 (1,786) 7,380 Reclassification adjustments 14,580 (3,245) — — — — — (305) 14,275 — 14,275 Closing balance as of December 31, 2020 (11,569) 6,173 (1,682) (10,527) 1,847 10,176 (3,304) 16,318 10,571 (3,139) 7,432 Movement of reserves 4,046 (66,051) 14,246 4,648 (142) (12,072) 3,818 134 (56,006) 17,922 (38,084) Reclassification adjustments (390) 13,289 — — — — — (3,349) (3,739) — (3,739) Reclassification to retained earnings — — — — — (13,375) 3,611 — (13,375) 3,611 (9,764) Closing balance as of December 31, 2021 (7,913) (46,589) 12,564 (5,879) 1,705 (15,271) 4,125 13,103 (62,549) 18,394 (44,155) Movement of reserves (129) 36,079 (7,172) (6,276) 1,252 190 (17) (985) 28,879 (5,937) 22,942 Reclassification adjustments — (9,457) — — — — — (455) (9,912) — (9,912) Reclassification to retained earnings — — — — — — — — — — — Closing balance as of December 31, 2022 (8,042) (19,967) 5,392 (12,155) 2,957 (15,081) 4,108 11,663 (43,582) 12,457 (31,125) (1) See details on reserves for foreign currency translation differences on conversion in Note 23, letter b). Other reserves This caption corresponds to the legal reserves reported in the stand-alone financial statements of the subsidiaries and associates that are mentioned below and that have been recognized in SQM’s equity through the application of the equity method. As of As of As of December 31, December 31, December 31, Subsidiary – Associate 2022 2021 2020 ThUS$ ThUS$ ThUS$ SQM Iberian S.A. 9,464 9,464 9,464 SQM Europe NV 1,957 1,957 1,957 Soquimich European holding B.V. 828 828 828 Abu Dhabi Fertilizer Industries WWL — 455 455 Kore Potash PLC — — 3,414 Soquimich Comercial S.A. (401) — — SQM Vitas Fzco. 85 (38) (244) Pavoni & C. Spa 7 7 — SQM Iberian S.A. (1,677) (1,677) (1,677) Orcoma Estudios SPA 2,121 2,121 2,121 SQM Industrial S.A. — 707 — Others (721) (721) — Total Other reserves 11,663 13,103 16,318 Non-controlling interests % of interests in the Profit (loss) attributable to non-controlling interests for the year ended Equity, non-controlling interests for the year ended Dividends paid to non-controlling interests for the year ended ownership held by non- As of As of As of As of As of As of Subsidiary controlling interests December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Potasio S.A. 0.0000001% — — — — — — Ajay SQM Chile S.A. 4900000% 2,415 769 8,986 8,382 1,812 577 Soquimich Comercial S.A. 3936168% 5,558 5,926 26,383 26,665 5,558 11,831 Comercial Agrorama Ltda. 3000000% — 56 — (596) — — SQM Indonesia S.A. 2000000% — — — — — — SQM Thailand Limited 0.00200% — — — — — — Total 7,973 6,751 35,369 34,451 7,370 12,408 19.5 As required by Article 79 of the Chilean Companies Act, unless otherwise decided by unanimous vote of the holders of issued and subscribed shares, a publicly traded corporation must annually distribute a cash dividend to its shareholders, prorated based on their shares or the proportion established in the company’s bylaws if there are preferred shares, with at least 30% of our consolidated profit for each year. Dividend policy for commercial year 2022 Company’s dividend policy for the 2022 business year was agreed upon by the Board of Directors on April 26, 2022. On that occasion, the following was decided: (a) Distribute and pay to the corresponding shareholders, a percentage of the net income that shall be determined per the following financial parameters as a final dividend: (i) 100% of the profit for 2022 if all the following financial parameters are met: (a) “all current assets” divided by “all current liabilities” is equal to or greater than 2.5 times, and (b) the sum of “all current liabilities” and “all non-current liabilities”, less “cash equivalents”, less “other current financial assets”, all of the above divided by “total equity” in equal or less than 0.8 times. (ii) 80% of the profit for 2022 if all the following financial parameters are met: (a) “all current assets” divided by “all current liabilities” is equal to or greater than 2.0 times, and (b) the sum of “all current liabilities” and “all non-current liabilities”, less “cash equivalents”, less “other current financial assets”, all of the above divided by “total equity” in equal or less than 0.9 times. (iii) 60% of the profit for 2022 if all the following financial parameters are met: (a) “all current assets” divided by “all current liabilities” is equal to or greater than 1.5 times, and (b) the sum of “all current liabilities” and “all non-current liabilities”, less “cash equivalents”, less “other current financial assets”, all of the above divided by “total equity” in equal or less than 1.0 times. (iv) 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 2022 net income. (b) Distribute and pay in 2022 interim dividends, which will be charged to the aforementioned final dividend. (c) The amount of the provisional dividends may be higher or lower, provided that, based on the information available to the Board of Directors on the date when their distribution is agreed to, this will not have a negative or material effect on the Company's ability to carry out its investments, meet its obligations, and in general to comply with the investment and financing policy approved by the Ordinary Shareholders’ Meeting . (d) At the ordinary meeting to be held in 2023, the Company's Board of Directors will propose a final dividend in line with the percentage corresponding to the financial parameters outlined in (a) above, discounting the provisional dividends previously distributed in 2022. (e) Any remaining amount from the net profits from 2022 can be retained and used to finance the Company’s own operations or one or more of its investment projects, notwithstanding a possible distribution of dividends charged to accumulated profit that might be approved by the shareholders’ meeting or the possible future capitalization of all or part of it. (f) The payment of additional dividends is not being considered. It must be expressly stated that this dividends policy details the intention of the Company’s Board of Directors and its fulfillment depends on the actual profits obtained, as well as on the results indicated by the projections the Company makes from time to time or on the existence of particular conditions, as appropriate. In any case, if the dividend policy set forth by the Board of Directors should undergo any substantial change, the Company must communicate it as a material event. 19.6 On April 26, 2022, the Board of Directors agreed to pay a final dividend equivalent to US$ 0.09691 per share which the Company must pay to reach the amount of US$2.04964 for the final dividend as per the Policy. This final dividend already considers the first interim dividend of US$ 0.23797 per share, the second interim dividend of US$ 0.31439 per share, and the eventual dividend of US$ 1.40037 per share that were paid in 2021. On May 18, 2022, the Board agreed to pay an interim dividend equal to US$ 2.78716 per share against the company’s 2022 profits. This quantity will be paid in its Chilean peso equivalent at the Observed US Dollar rate published in the Official Gazette on June 6, 2022. On August 17, 2022, the Board agreed to pay an interim divided equal to US$ 1.84914 per share, charged against the Company’s profits from 2022. That amount will be paid in its Chilean peso equivalent at the Observed US Dollar rate published in the Official Gazette on October 3, 2022 On November 21, 2022, the Board of Directors agreed to pay an interim dividend equivalent to US$ 3.08056 per share charged to the Company's 2022 fiscal year profits. This amount will be paid in pesos, the national currency based on the observed US dollar value published in the Official Gazette on December 12, 2022. 19.7 Dividends discounted from equity from January to December 2022 and 2021 were the following: As of As of As of December 31, December 31, December 31, Dividends 2022 2021 2020 ThUS$ ThUS$ ThUS$ Interim dividend 2,204,229 157,774 44,986 Special dividend — 399,998 100,000 Dividends payable — 27,681 4,369 Owners of the Parent 2,204,229 585,453 149,355 Special dividend — 5,904 5,904 Dividends according to policy 7,369 6,504 4,214 Non-controlling interests 7,369 12,408 10,118 Dividends discounted from equity for the period 2,211,598 597,861 159,473 |
Contingencies and restrictions
Contingencies and restrictions | 12 Months Ended |
Dec. 31, 2022 | |
Contingencies and restrictions | |
Contingencies and restriction | Note 20 Contingencies and restrictions In accordance with note 18.1, the Company recognizes 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: 20.1 (a) In August 1996, Nitratos Naturais do Chile Ltda. was fined by Fazenda do Estado de Sao Paulo for concluding activities without attaching the necessary documentation for submission to the competent authorities. The treasury of the State of Sao Paulo initiated legal actions to collect close to ThUS$ 492 . Nitratos Naturais do Chile has presented a case to the federal court of Brazil to request a reduction in the fine, which is currently pending. (b) In August 2004, Nitratos Naturais do Chile Ltda. was fined by Fazenda do Estado de Sao Paulo for failing to report trade activities. The treasury of the State of Sao Paulo initiated legal actions to collect close to ThUS$ 265 . In 2018, the Court of Appeals agreed to a reduction in the fine and the Fazenda do Estado de Sao Paulo appealed to the Court of Brazil, and this appeal is still pending. (c) In December 2010 , the city of Pomona in the state of California , United States, filed a claim against SQM NA , which was heard before the US District Court for the Central District of California . The plaintiff requested the payment of expenses and other values related to treatment of groundwater to make it apt for consumption, which involved the extraction of perchlorate in this water, which allegedly came from Chilean fertilizers . On January 27, 2022, a judgment was issued against SQM NA for US$ 48.1 million, which has been appealed. The Company has recorded a charge of US$ 48.1 million before taxes to the income statement for the year ended December 30, 2021. (d) In December 2010 , the city of Lindsay in California, United States , filed a claim against SQM NA , which was heard before the US District Court for the Central District of California . The plaintiff requested the payment of expenses and other values related to treatment of groundwater to make it apt for consumption, which involved the extraction of perchlorate in this water, which allegedly came from Chilean fertilizers , the trial is currently suspended. (e) In May 2014 , a claim of compensation for damages was filed against SQM Nitratos for its alleged extracontractual liability derived from an explosion occurring in 2010 in the vicinity of the town of Baquedano, which caused the death of six workers . The portion of the claim that has not been settled in court is approximately US$ 1.2 . million On May 7, 2019, the 18th Civil Court of Santiago dismissed the claim. The case currently is in the Santiago Court of Appeals, which will make a determination on the motion for appeal and cassation brought about on behalf of the plaintiff. (f) In January 2018 , the company Transportes Buen Destino S.A. filed an arbitration claim under CAM rules against SQM Salar for controversies resulting from the execution of transport contracts for lithium brine and transport of salts . The amount of the claim is close to US$ 3 Million. The arbitration is currently in the evidence stage . (g) In September 2018 , representatives Claudia Nathalie Mix Jiménez, Gael Fernanda Yeomans Araya, Camila Ruzlay Rojas Valderrama filed a public right annulment suit against Corfo regarding the Salar de Atacama Project Contract signed between Corfo and SQM Salar. The Company has intervened as an independent third party. This discussion stage has concluded. For more information, see Note 20.4. (h) The Company and FPC Ingeniería y Construcción SpA were sued in May 2019 for compensation for damages resulting from alleged extracontractual liability derived from the traffic accident occurring on March 5, 2018, involving the overturn of a truck owned by FPC and the subsequent death of its two occupants, both employees of FPC. The four children of one of the deceased workers are the plaintiffs in this case and are seeking compensation for moral damages. The case is in the 19th Civil Court of Santiago and is in the evidence stage. The amount of the claim is close to US$ 1.2 million. (i) The Company has initiated an arbitration process against the company Sierra Gorda S.C.M . due to controversies originating from the Mining, Royalties and Other Sales Contract dated December 16, 2011 . Sierra Gorda S.C.M. has filed counterclaims against the Company. The counterclaims filed against the Company amount to US$ 46 million.On October 4, 2022, a judgment was issued ordering the Company to pay US$ 3.6 million as a fine. This judgment was appealed by the Company, which is pending resolution before the Court of Appeals of Santiago. (j) Through resolution dated April 14, 2020, the General Water Bureau (DGA) fined SQM Salar S.A. an amount of 4,180 UTM for the alleged violation of article 294 of the Water Code. This resolution was appealed for reconsideration as established in article 136 of the Water Code, and its resolution is currently pending. (k) On January 7, 2021, the Company Ocaña y Vega Limited has requested arbitration against the Company to claim compensation for damages associated with the early termination of two construction contracts. The case has reached the evidence gathering stage. The cost of arbitration is valued at approximately ThUS$ 377 . (l) On April 6, 2021, Empresa Eléctrica Cochrane SpA requested the constitution of arbitration to resolve a dispute in relation to electricity supply contracts signed on March 30, 2012, and February 1, 2013. The trial is currently in the discussion stage. On January 17, 2022, the Company filed a claim for early termination of the electricity supply contracts against Empresa Eléctrica Cochrane SpA. at the same arbitration tribunal. The discussion. Both trials have reached the evidence stage. (m) In October 2021, the Company requested the constitution of an arbitration against Chilena Consolidada Seguros Generales S.A. to resolve differences in relation to the interpretation and execution of the directors’ and officers’ liability insurance policy. The lawsuit has been notified to the arbitrator. (n) In February 2022, the company Montajes Eléctricos y Construcciones RER Limitada filed a claim for damages before the 21st Civil Court of Santiago against SQM Industrial S.A. for its alleged liability derived from the breach of an electrical installation contract. The case is still in the discussion stage. The amount of the lawsuit is approximately ThUS$ 542 . (o) In June 2022, Mrs. Lorena Saa Nuñez and others filed a lawsuit against the Company with the Labor Court of Pozo Almonte seeking compensation for damages moral damages and lost profits resulting from the death of worker Oscar Muñoz Meza. The case has reached the ruling stage. The lawsuit is for approximately ThUS$ 493 . 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$ 1.05 million. The Company and its subsidiaries have 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. 20.2 The SMA issued a resolution dated November 28, 2016, rectified by a resolution dated December 23, 2016, which filed charges against SQM Salar for brine extraction in excess of authorized amounts, progressive impairment of the vitality of carob trees, providing incomplete information modification of follow-up plan variables, and other charges. SQM Salar S.A. presented a compliance program that was accepted by the SMA. On December 2019, the Environmental Court of Antofagasta rendered the accepted compliance program null. In October 2020, the SMA formulated new observations for the compliance program, which will enable the incorporation of improvements in line with the ruling of the Environmental Court of Antofagasta, to then make a determination regarding approval or rejection. If a new compliance program is not approved by the SMA, or if approved and legally challenged and rendered null and void by the Chilean courts, the sanction process against SQM Salar could be resumed. This latter event may consider the application of fines up to MUS$9, temporary or permanent closure of facilities and in extreme circumstances, revocation of the respective environmental permit. 20.3 SQM Salar has filed three tax claims against the SII for taxes levied between tax years 2012 and 2018 (business years 2011 to 2017). The SII has sought to broaden the application of the specific tax on mining activities to the extraction of lithium, a substance that is not concessionable by law. The amount associated with these processes totals US$ 127.1 million, which has been paid by SQM Salar. This amount is recorded under “Non-current tax assets” in the Consolidated Statement of Financial Position of the Company as of December 31, 2022 and 2021. The details of the claims can be found below: (a) On August 26, 2016, a tax claim was filed with the Third Tax and Customs Court of the Metropolitan Region against tax assessments No. 169, 170, 171 and 172 for tax years 2012 to 2014. The amount in dispute is US$ 17.8 million, of which (i) US$ 11.5 million correspond to the contested tax (minus effect on first category income tax), and (ii) US$ 6.3 million correspond to interest and associated fines. On November 28, 2018, the Santiago Court of Appeals ruled invalid the first instance ruling handed down by the Tax and Customs Court, ordering the case reopened with the competent judge hearing evidence in the case. (b) On March 24, 2017, a tax claim was filed with the Third Tax and Customs Court of the Metropolitan Region against tax assessment No. 207 and resolution No. 156, both issued by the SII, for tax years 2015 to 2016. The amount in dispute is US$ 8.6 million, of which (i) US$ 1.3 million correspond to amounts assessed in excess, (ii) US$ 6.9 million correspond to the contested tax (minus effect on first category income tax), and (ii) US$ 0.4 million correspond to interest and fines. On November 28, 2022, the Santiago Court of Appeals ruled invalid the first instance ruling of the Tax and Customs Court, ordering the case reopened with the competent judge hearing evidence in the case. (c) On July 15, 2021, SQM Salar filed a public right annulment suit and tax claim with the First Tax and Customs Court of the Metropolitan Region against tax assessments No. 65 and 66 for the 2017 and 2018 tax years. The amount in dispute is US$ 63.9 million, of which (i) US$ 17.6 million correspond to overcharged amounts, (ii) US$ 30.2 million correspond to the contested tax (minus effect on first category income tax), and (iii) US$ 16.1 million correspond to interest and fines. On November 7, 2022, the First Tax and Customs Court upheld SQM Salar's claim and ordered that these tax assessments be anulled. On September 29, 2022, the SII assessed the differences for the 2019 tax year with respect to specific mining tax and other adjustments that totalled US$ 36.8 million, which includes an excess collection of US$ 9.7 million. SQM Salar paid the amount assessed, and has one year to appeal against this assessment, which it intends to do in a vigorous manner. The SII has not issued an assessment claiming differences in specific mining tax filed for tax years 2020 onward. If the SII uses criteria similar to that used in previous years, it may issue an assessment in the future for this period. The Company estimates a potential assessment of US$ 745.3 million (corporate income tax deducted) by the SII, without considering interests and fines. To date, the Company has recorded no effect corresponding to this tax on its profit and loss. 20.4 On September 6, 2018, representatives Claudia Nathalie Mix Jiménez, Gael Fernanda Yeomans Araya and Camila Ruslay Rojas Valderrama and the Poder Ciudadano political party filed an annulment suit against Corfo, which requested that the Salar de Atacama Project Agreement between Corfo and the Company, SQM Potasio and SQM Salar be annulled. The Companies have taken part of the process as interested third parties. In the event that the annulment claim is approved for the Salar de Atacama Project Agreement, SQM Salar may be prevented from the exploitation of the mining assets in the Salar de Atacama that it has leased from Corfo. 20.5 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, 2022, the guarantee amounts to ThUS$ 717. 20.6 As of December 31, 2022 and 2021, there are no indirect guarantees. |
Gains (losses) from operating a
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature | 12 Months Ended |
Dec. 31, 2022 | |
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature | |
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature | Note 21 Gains (losses) from operating activities in the statement of income of expenses, included according to their nature 21.1 The Group derives revenues from the sale of goods (which are recognized at one point in time) and from the provision of services (which are recognized over time) and are distributed among the following geographical areas and main product and service lines: (a) Geographic areas: For the year ended December 31, 2022 Specialty plant Iodine and Lithium and Industrial Total Geographic areas nutrition derivatives derivatives Potassium chemicals Other ThUS$ Chile 128,829 1,523 1,854 64,409 1,199 25,334 223,148 Latin America and the Caribbean 125,712 16,328 5,275 179,621 11,820 1,185 339,941 Europe 196,930 288,854 390,832 27,275 27,725 942 932,558 North America 489,327 141,683 151,152 71,711 59,402 912 914,187 Asia and Others 231,536 305,951 7,603,826 94,164 65,054 213 8,300,744 Total 1,172,334 754,339 8,152,939 437,180 165,200 28,586 10,710,578 For the year ended December 31, 2021 Specialty plant Iodine and Lithium and Industrial Total Geographic areas nutrition derivatives derivatives Potassium chemicals Other ThUS$ Chile 136,523 1,538 901 50,573 4,125 25,988 219,648 Latin America and the Caribbean 88,990 10,198 4,905 214,304 7,367 523 326,287 Europa 179,744 173,329 75,674 33,948 18,662 1,408 482,765 North America 314,895 102,746 50,349 57,682 29,860 2,470 558,002 Asia and Others 188,663 150,120 804,292 60,085 71,997 456 1,275,613 Total 908,815 437,931 936,121 416,592 132,011 30,845 2,862,315 For the year ended December 31, 2020 Specialty plant Iodine and Lithium and Industrial Total Geographic areas nutrition derivatives derivatives Potassium chemicals Other ThUS$ Chile 100,353 1,234 399 23,963 4,059 23,737 153,745 Latin America and the Caribbean 69,535 10,843 1,597 72,697 4,951 367 159,990 Europa 145,896 142,161 49,719 30,029 11,585 735 380,125 North America 246,737 90,292 25,558 39,432 23,963 1,588 427,570 Asia and Others 139,167 90,127 306,100 43,173 116,050 1,144 695,761 Total 701,688 334,657 383,373 209,294 160,608 27,571 1,817,191 (b) Main product and service lines: For the period from January to December of the year Products and Services 2022 2021 2020 ThUS$ ThUS$ ThUS$ Specialty plant nutrition 1,172,334 908,815 701,688 - Sodium Nitrates 21,294 24,829 18,291 - Potassium nitrate and sodium potassium nitrate 700,081 539,336 424,041 - Specialty Blends 285,027 234,369 163,033 - Other specialty fertilizers 165,932 110,281 96,323 Iodine and derivatives 754,339 437,931 334,657 Lithium and derivatives 8,152,939 936,121 383,373 Potassium 437,180 416,592 209,294 Industrial chemicals 165,200 132,011 160,608 Other 28,586 30,845 27,571 - Services 3,785 3,428 3,241 - Income from property leases 454 1,531 1,457 - Income from subleases on right-of-use assets 142 146 176 - Commodities 11,838 12,468 11,938 - Other ordinary income of Commercial Offices 12,367 13,272 10,759 Total 10,710,578 2,862,315 1,817,191 21.2 Cost of sales broken down by nature of expense: For the period from January to December of the year Nature of expense 2022 2021 2020 ThUS$ ThUS$ ThUS$ Raw materials and consumables used (561,709) (345,356) (287,877) Classes of employee benefit expenses (308,744) (211,771) (178,956) Depreciation expense (218,714) (195,678) (182,314) Depreciation of Right-of-use Assets (contracts under IFRS 16) (6,549) (5,963) (5,814) Amortization expense (16,413) (9,737) (12,938) Investment plan expenses (18,293) (15,059) (14,286) Provision for materials, spare parts and supplies (7,099) (505) 640 Contractors (194,296) (157,571) (142,017) Operating leases (71,420) (67,106) (57,461) Mining concessions (14,585) (7,325) (6,645) Operational transportation (91,130) (76,004) (68,730) Freight / product transportation costs (94,727) (77,353) (52,156) Purchase of products from third parties (473,742) (329,464) (260,089) Insurance (43,323) (21,869) (17,657) Corfo rights and other agreements (3,272,897) (247,604) (74,418) Export costs (153,162) (99,212) (88,176) Expenses related to variable lease payments (contracts under IFRS 16) (3,631) (1,313) (1,117) Variation in gross inventory 631,156 85,709 102,446 Variation in inventory provision (27,324) 5,038 7,244 Other (27,351) 5,935 6,000 Total (4,973,953) (1,772,208) (1,334,321) 21.3 For the period from January to December of the year Other income 2022 2021 2020 ThUS$ ThUS$ ThUS$ Discounts obtained from suppliers 1,404 896 665 Fines charged to suppliers 593 83 267 Taxes recovered 1,646 1,811 1,487 Amounts recovered from insurance 86 293 14,861 Overestimate of provisions for third-party obligations 365 287 118 Sale of assets classified as properties, plant and equipment 246 311 1,626 Sale of mining rights 1,126 8,796 5,852 Easements, pipelines and roads 2,106 4,949 1,619 Refunds for mining patents and notarial expenses 20 198 85 Others 2,262 1,928 313 Total 9,854 19,552 26,893 21.4 For the period from January to December of the year Administrative expenses 2022 2021 2020 ThUS$ ThUS$ ThUS$ Employee benefit expenses (63,713) (60,552) (55,152) Marketing costs (5,661) (2,415) (2,377) Amortization expenses (126) (118) (91) Entertainment expenses (5,576) (4,906) (4,858) Advisory services (27,235) (17,332) (13,880) Lease of buildings and facilities (3,829) (3,478) (3,111) Insurance (3,011) (3,901) (3,478) Office expenses (8,596) (6,363) (6,204) Contractors (7,283) (5,106) (5,079) Depreciation of Right-of-use Assets (contracts under IFRS 16) (2,656) (2,743) (2,617) Other expenses (14,958) (11,979) (10,170) Total (142,644) (118,893) (107,017) 21.5 For the period from January to December of the year Other expenses 2022 2021 2020 ThUS$ ThUS$ ThUS$ Depreciation and amortization expense Depreciation of assets not in use — — (138) Subtotal — — (138) Impairment (losses) /reversals of impairment losses recognized in profit for the year Properties, plant and equipment (8,084) (5,582) (9,563) Intangible assets other than goodwill (520) (478) (1,941) Goodwill (33,629) — (140) Non-current assets and disposal groups held for sale — — — Subtotal (42,233) (6,060) (11,644) Other expenses, by nature Legal expenses (6,841) (42,254) (69,965) VAT and other unrecoverable taxes (5,694) (1,015) (626) Fines paid (617) (882) (314) Investment plan expenses (727) 1 (768) Exploration expenses — (284) (5,262) Contributions and donations (19,096) (9,037) (8,793) Other operating expenses (763) (1,074) (2,102) Subtotal (33,738) (54,545) (87,830) Total (75,971) (60,605) (99,612) 21.6 For the period from January to December of the year Other (losses) income 2022 2021 2020 ThUS$ ThUS$ ThUS$ Sale of investments in associates 60 — (11,830) Adjust previous year application method of participation — — (49) Impairment of interests in associates 1,349 (2,009) 7,235 Sale of investments in joint ventures — — (481) Others (1,292) (629) (188) Total 117 (2,638) (5,313) 21.7 For the period from January to December of the year (Impairment) reversal of losses of financial assets 2022 2021 2020 ThUS$ ThUS$ ThUS$ (Impairment) /reversal of losses of financial assets (See Note 12.2) 3,369 (235) 4,684 Totals 3,369 (235) 4,684 21.8 The following summary considers notes 21.2, 21.4 and 21.5 For the period from January to December of the year Expenses by nature 2022 2021 2020 ThUS$ ThUS$ ThUS$ Raw materials and consumables (561,709) (345,356) (287,877) Employee benefit expenses (372,457) (272,323) (234,108) Depreciation expense (218,714) (195,678) (182,452) Depreciation of right-of-use assets (9,205) (8,706) (8,431) Impairment of properties, plant and equipment, intangible and Goodwill (42,233) (6,060) (11,644) Amortization expense (16,539) (9,855) (13,029) Legal expenses (6,841) (42,254) (69,965) Investment plan expenses (19,020) (15,058) (15,054) Exploration expenses — (284) (5,262) Provision for materials, spare parts and supplies (7,099) (505) 640 Contractors (201,579) (162,677) (147,096) Operational leases (75,249) (70,584) (60,572) Mining concessions (14,585) (7,325) (6,645) Operational transportation (91,130) (76,004) (68,730) Freight and product transportation costs (94,727) (77,353) (52,156) Purchase of products from third parties (473,742) (329,464) (260,089) Corfo rights and other agreements (3,272,897) (247,604) (74,418) Export costs (153,162) (99,212) (88,176) Expenses related to variable lease payments (contracts under IFRS 16) (3,631) (1,313) (1,117) Insurance (46,334) (25,770) (21,135) Consultant and advisor services (27,235) (17,332) (13,880) Variation in gross inventory 631,156 85,709 102,446 Variation in inventory provision (27,324) 5,038 7,244 Other expenses (88,312) (31,736) (29,444) Total expenses by nature (5,192,568) (1,951,706) (1,540,950) 21.9 For the period from January to December of the year Finance expenses 2022 2021 2020 ThUS$ ThUS$ ThUS$ Interest expense from bank borrowings and overdrafts (3,065) (2,664) (2,797) Interest expense from bonds (108,387) (90,859) (87,030) Interest expense from loans (2,098) (1,135) (1,598) Reversal of capitalized interest expenses 24,708 14,206 8,462 Financial expenses for restoration and rehabilitation provisions 9,357 (1,259) 2,947 Interest on lease agreement (1,226) (1,587) (1,133) Interest and bank charges (5,940) (1,328) (1,050) Total (86,651) (84,626) (82,199) 21.10 For the period from January to December of the year Finance income 2022 2021 2020 ThUS$ ThUS$ ThUS$ Interest from term deposits 31,122 3,635 10,260 Interest from marketable securities 10,252 68 2,147 Interest from maintenance of minimum bank balance in current account 6 2 18 Other finance income 3,318 107 259 Other finance interests 2,340 856 1,031 Total 47,038 4,668 13,715 |
Reportable segments
Reportable segments | 12 Months Ended |
Dec. 31, 2022 | |
Reportable segments | |
Reportable segments | Note 22 Reportable segments 22.2 Specialty Other Total as of plant Iodine and its Lithium and Industrial products Reportable Operating Unallocated December 31, Operating segment items for the year ended December 31, 2022 nutrients derivatives its derivatives chemicals Potassium and services segments segments amounts 2022 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 1,172,334 754,339 8,152,939 165,200 437,180 28,586 10,710,578 10,710,578 — 10,710,578 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 1,172,334 754,339 8,152,939 165,200 437,180 28,586 10,710,578 10,710,578 — 10,710,578 Costs of sales (722,261) (282,100) (3,636,852) (112,247) (193,581) (26,912) (4,973,953) (4,973,953) — (4,973,953) Administrative expenses — — — — — — — — (142,644) (142,644) Finance expense — — — — — — — — (86,651) (86,651) Depreciation and amortization expense (63,321) (53,734) (88,510) (14,724) (24,043) (126) (244,458) (244,458) — (244,458) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method — — — — — — — — 20,159 20,159 Income before taxes 450,073 472,239 4,516,087 52,953 243,599 1,674 5,736,625 5,736,625 (250,129) 5,486,496 Income tax expense — — — — — — — — (1,572,212) (1,572,212) Net income (loss) 450,073 472,239 4,516,087 52,953 243,599 1,674 5,736,625 5,736,625 (1,822,341) 3,914,284 Assets — — — — — — — — 10,819,101 10,819,101 Equity-accounted investees — — — — — — — — 54,386 54,386 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts — — — — — — — — 1,757,581 1,757,581 Liabilities — — — — — — — — 5,887,100 5,887,100 Impairment loss of financial assets recognized in profit or loss — — 3,369 3,369 Impairment loss of non-financial assets recognized in profit or loss — — — — — — — — (42,233) (42,233) Cash flows Cash flows from operating activities — — — — — — — — 4,077,595 4,077,595 Cash flows used in investing activities — — — — — — — — (909,401) (909,401) Cash flows from financing activities — — — — — — — — (2,002,969) (2,002,969) Specialty Other Total as of plant Iodine and its Lithium and Industrial products Reportable Operating Unallocated December 31, Operating segment items for the year ended December 31, 2021 nutrients derivatives its derivatives chemicals Potassium and services segments segments amounts 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 908,815 437,931 936,121 132,011 416,592 30,845 2,862,315 2,862,315 — 2,862,315 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 908,815 437,931 936,121 132,011 416,592 30,845 2,862,315 2,862,315 — 2,862,315 Costs of sales (646,930) (240,341) (494,794) (109,067) (253,125) (27,951) (1,772,208) (1,772,208) — (1,772,208) Administrative expenses — — — — — — — — (118,893) (118,893) Finance expense — — — — — — — — (84,626) (84,626) Depreciation and amortization expense (58,808) (41,215) (65,014) (13,743) (35,290) (169) (214,239) (214,239) — (214,239) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method — — — — — — — — 11,132 11,132 Income before taxes 261,885 197,590 441,327 22,944 163,467 2,894 1,090,107 1,090,107 (248,886) 841,221 Income tax expense — — — — — — — — (249,016) (249,016) Net income (loss) 261,885 197,590 441,327 22,944 163,467 2,894 1,090,107 1,090,107 (497,902) 592,205 Assets — — — — — — — — 7,180,201 7,180,201 Equity-accounted investees — — — — — — — — 39,824 39,824 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts — — — — — — — — 152,663 152,663 Liabilities — — — — — — — — 3,964,230 3,964,230 Impairment loss of financial assets recognized in profit or loss — — (235) (235) Impairment loss of non-financial assets recognized in profit or loss — — — — — — — — (6,060) (6,060) Cash flows Cash flows from operating activities — — — — — — — — 822,520 822,520 Cash flows used in investing activities — — — — — — — — (1,006,943) (1,006,943) Cash flows from financing activities — — — — — — — — 1,206,485 1,206,485 Specialty Other Total as of plant Iodine and its Lithium and Industrial products Reportable Operating Unallocated December 31, Operating segment items for the year ended December 31, 2020 nutrients derivatives its derivatives chemicals Potassium and services segments segments amounts 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 701,688 334,657 383,373 160,608 209,294 27,571 1,817,191 1,817,191 — 1,817,191 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 701,688 334,657 383,373 160,608 209,294 27,571 1,817,191 1,817,191 — 1,817,191 Costs of sales (537,801) (168,499) (297,048) (119,092) (187,019) (24,862) (1,334,321) (1,334,321) — (1,334,321) Administrative expenses — — — — — — — — (107,017) (107,017) Finance expense — — — — — — — — (82,199) (82,199) Depreciation and amortization expense (55,335) (40,687) (56,092) (14,136) (34,570) (3,092) (203,912) (203,912) — (203,912) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method — — — — — — — — 8,940 8,940 Income before taxes 163,887 166,158 86,325 41,516 22,275 2,709 482,870 482,870 (244,332) 238,538 Income tax expense — — — — — — — — (70,179) (70,179) Net income (loss) 163,887 166,158 86,325 41,516 22,275 2,709 482,870 482,870 (314,511) 168,359 Assets — — — — — — — — 4,818,463 4,818,463 Equity-accounted investees — — — — — — — — 85,993 85,993 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts — — — — — — — — 358,009 358,009 Other Liabilities — — — — — — — — 2,655,885 2,655,885 Impairment loss of financial assets recognized in profit or loss — — — — — — — — 4,684 4,684 Impairment loss of non-financial assets recognized in profit or loss — — — — — — — — (11,644) (11,644) Cash flows Cash flows from operating activities — — — — — — — — 182,234 182,234 Cash flows used in investing activities — — — — — — — — (167,091) (167,091) Cash flows from financing activities — — — — — — — — (94,132) (94,132) 22.3 Items in the statement of comprehensive income for the year ended December 31,2022 Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Corporate Unit Total segments and Corporate unit ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 1,172,334 754,339 8,152,939 165,200 437,180 28,586 — 10,710,578 Costs of sales (722,261) (282,100) (3,636,852) (112,247) (193,581) (26,912) — (4,973,953) Gross profit 450,073 472,239 4,516,087 52,953 243,599 1,674 — 5,736,625 Other incomes by function — — — — — — 9,854 9,854 Administrative expenses — — — — — — (142,644) (142,644) Other expenses by function — — — — — — (75,971) (75,971) Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 — — — — — — 3,369 3,369 Other losses — — — — — — 117 117 Financial income — — — — — — 47,038 47,038 Financial costs — — — — — — (86,651) (86,651) Interest in the profit (loss) of associates and joint ventures accounted for by the equity method — — — — — — 20,159 20,159 Exchange differences — — — — — — (25,400) (25,400) Profit (loss) before taxes 450,073 472,239 4,516,087 52,953 243,599 1,674 (250,129) 5,486,496 Income tax expense — — — — — — (1,572,212) (1,572,212) Profit (loss) net 450,073 472,239 4,516,087 52,953 243,599 1,674 (1,822,341) 3,914,284 Items in the statement of comprehensive income for the year ended December 31,2021 Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Corporate Unit Total segments and Corporate unit ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 908,815 437,931 936,121 132,011 416,592 30,845 — 2,862,315 Costs of sales (646,930) (240,341) (494,794) (109,067) (253,125) (27,951) — (1,772,208) Gross profit 261,885 197,590 441,327 22,944 163,467 2,894 — 1,090,107 Other incomes by function — — — — — — 19,552 19,552 Administrative expenses — — — — — — (118,893) (118,893) Other expenses by function — — — — — — (60,605) (60,605) Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 — — — — — — (235) (235) Other losses — — — — — — (2,638) (2,638) Financial income — — — — — — 4,668 4,668 Financial costs — — — — — — (84,626) (84,626) Interest in the profit (loss) of associates and joint ventures accounted for by the equity method — — — — — — 11,132 11,132 Exchange differences — — — — — — (17,241) (17,241) Profit (loss) before taxes 261,885 197,590 441,327 22,944 163,467 2,894 (248,886) 841,221 Income tax expense — — — — — — (249,016) (249,016) Profit (loss) net 261,885 197,590 441,327 22,944 163,467 2,894 (497,902) 592,205 Items in the statement of comprehensive income for the year ended December 31,2020 Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Corporate Unit Total segments and Corporate unit ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 701,688 334,657 383,373 160,608 209,294 27,571 — 1,817,191 Cost of sales (537,801) (168,499) (297,048) (119,092) (187,019) (24,862) — (1,334,321) Gross profit 163,887 166,158 86,325 41,516 22,275 2,709 — 482,870 Other incomes by function — — — — — — 26,893 26,893 Administrative expenses — — — — — — (107,017) (107,017) Other expenses by function — — — — — — (99,612) (99,612) Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 — — — — — — 4,684 4,684 Other losses — — — — — — (5,313) (5,313) Financial income — — — — — — 13,715 13,715 Financial costs — — — — — — (82,199) (82,199) Interest in the profit (loss) of associates and joint ventures accounted for by the equity method — — — — — — 8,940 8,940 Exchange differences — — — — — — (4,423) (4,423) Profit (loss) before taxes 163,887 166,158 86,325 41,516 22,275 2,709 (244,332) 238,538 Income tax expense — — — — — — (70,179) (70,179) Profit (loss) from continuing operations 163,887 166,158 86,325 41,516 22,275 2,709 (314,511) 168,359 22.4 As indicated in paragraph 33 of IFRS 8, the entity discloses geographical information on its revenue from operating activities with external customers and from non-current assets that are not financial instruments, deferred income tax assets, assets related to post-employment benefits or rights derived from insurance contracts. 22.5 With respect to the degree of dependency of the Company on its customers, in accordance with paragraph 34 of IFRS 8, the Company has no external customers who individually represent 10% or more of its revenue. 22.6 Latin America and the Segements by geographical areas Chile Caribbean Europe North America Asia and others Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue at December 31, 2022 223,148 339,940 932,558 914,187 8,300,745 10,710,578 Non-current assets at December 31, 2022 Investment accounted for under the equity method — 20,792 15,939 17,655 — 54,386 Intangible assets other than goodwill 75,666 428 6,497 1,345 82,400 166,336 Goodwill — 86 158 723 — 967 Property, plant and equipment, net 2,269,923 743 14,978 4,506 436,688 2,726,838 Right-of-use assets 32,312 47 1,651 2,739 24,118 60,867 Other non-current assets 46,640 17 6 4,706 1,027 52,396 Non-current assets 2,424,541 22,113 39,229 31,674 544,233 3,061,790 Latin America and the Segements by geographical areas Chile Caribbean Europe North America Asia and others Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue for the year ended December 31, 2021 219,648 326,287 482,765 558,002 1,275,613 2,862,315 Non-current assets at December 31, 2021 Investment accounted for under the equity method — 8,683 15,242 15,899 — 39,824 Intangible assets other than goodwill 89,019 496 6,996 1,809 81,338 179,658 Goodwill 22,979 86 11,531 — — 34,596 Property, plant and equipment, net 1,815,997 671 11,380 3,704 180,473 2,012,225 Right-of-use assets 29,803 68 2,040 3,351 17,346 52,608 Other non-current assets 27,626 16 6 3,950 1,889 33,487 Non-current assets 1,985,424 10,020 47,195 28,713 281,046 2,352,398 Latin America and the Segements by geographical areas Chile Caribbean Europe North America Asia and others Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue for the year ended December 31, 2020 153,745 159,990 380,126 427,572 695,758 1,817,191 Non-current assets at December 31, 2020 Investment accounted for under the equity method — — 41,273 14,468 30,252 85,993 Intangible assets other than goodwill 95,934 565 825 2,274 78,809 178,407 Goodwill 23,065 — 18,901 — — 41,966 Property, plant and equipment, net 1,667,824 642 12,592 3,494 52,767 1,737,319 Right-of-use assets 23,461 2,298 2,428 1,776 61 30,024 Other non-current assets 19,377 17 7 2,641 — 22,042 Non-current assets 1,829,661 3,522 76,026 24,653 161,889 2,095,751 |
Effect of fluctuations in forei
Effect of fluctuations in foreign currency exchange rates | 12 Months Ended |
Dec. 31, 2022 | |
Effect of fluctuations in foreign currency exchange rates | |
Effect of fluctuations in foreign currency exchange rates | Note 23 Effect of fluctuations in foreign currency exchange rates (a) As of December 31, 2022, and 2021, are detailed as follows: As of As of As of December 31, December 31, December 31, Details 2022 2021 2020 ThUS$ ThUS$ ThUS$ Changes in equity generated by the equity method value through conversion: Comercial Hydro S.A. 1,004 1,004 1,004 SQMC Internacional Ltda. (9) (9) (9) Proinsa Ltda. (10) (10) (10) Comercial Agrorama Ltda. 175 155 (19) Isapre Norte Grande Ltda. (130) (121) (14) Almacenes y Depósitos Ltda. 568 305 211 Sacal S.A. (3) (3) (3) Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. (38) (36) (13) Agrorama S.A. 666 628 92 SQM Vitas Fzco (3,614) (4,165) (3,736) Ajay Europe (1,911) (1,413) (693) SQM Oceanía Pty Ltd. (579) (579) (579) SQM Indonesia S.A. (124) (124) (124) Abu Dhabi Fertillizers Industries WWL. — 372 372 SQM Holland B.V. 99 99 99 SQM Thailand Limited (68) (68) (68) SQM Europe (1,983) (1,983) (1,983) SQM Australia Pty Ltd. (1,642) (1,732) (4,052) Pavoni & C. Spa (363) (153) 164 Kore Potash PLC (a) — — (2,128) SQM Colombia S.A.S. (80) (80) (80) Total (8,042) (7,913) (11,569) (c) The functional currency of these companies corresponds to the currency of the country of origin of each entity, and its presentation currency is the dollar. (d) - - |
Disclosures on the effects of f
Disclosures on the effects of fluctuations in foreign currency exchange rates | 12 Months Ended |
Dec. 31, 2022 | |
Disclosures on the effects of fluctuations in foreign currency exchange rates | |
Disclosures on the effects of fluctuations in foreign currency exchange rates | Note 24 Disclosures on the effects of fluctuations in foreign currency exchange rates a) As of As of December 31, December 31, Class of Asset Currency 2022 2021 ThUS$ ThUS$ Cash and cash equivalents USD 1,637,507 1,377,983 Cash and cash equivalents CLP 806,106 4,416 Cash and cash equivalents CNY 92,394 30,102 Cash and cash equivalents EUR 14,963 14,374 Cash and cash equivalents GBP 1 1 Cash and cash equivalents AUD 89,602 72,107 Cash and cash equivalents INR — — Cash and cash equivalents MXN 1,406 1,827 Cash and cash equivalents PEN — 6 Cash and cash equivalents AED 2 1 Cash and cash equivalents JPY 686 1,182 Cash and cash equivalents ZAR 11,647 13,048 Cash and cash equivalents KRW 918 — Cash and cash equivalents IDR 3 3 Cash and cash equivalents PLN 1 1 Subtotal cash and cash equivalents 2,655,236 1,515,051 Other current financial assets USD 722,165 668,360 Other current financial assets BRL 39 48 Other current financial assets CLP 239,151 250,641 Subtotal other current financial assets 961,355 919,049 Other current non-financial assets USD 35,237 18,486 Other current non-financial assets AUD 9,516 11,066 Other current non-financial assets CLF 259 150 Other current non-financial assets CLP 85,608 27,536 Other current non-financial assets CNY 56,404 5,213 Other current non-financial assets EUR 1,046 1,050 Other current non-financial assets COP 217 153 Other current non-financial assets MXN 4,685 6,092 Other current non-financial assets THB 2 8 Other current non-financial assets JPY 158 73 Other current non-financial assets ZAR 3,203 42 Other current non-financial assets SEK — 1 Subtotal other non-financial current assets 196,335 69,870 Trade and other receivables USD 788,596 400,753 Trade and other receivables PEN — — Trade and other receivables BRL 22 21 Trade and other receivables CLF 550 459 Trade and other receivables CLP 58,412 43,496 Trade and other receivables CNY 161,492 108,822 Trade and other receivables EUR 36,318 35,514 Trade and other receivables GBP 76 46 Trade and other receivables MXN 889 237 Trade and other receivables AED 3,116 1,888 Trade and other receivables JPY 129 36,000 Trade and other receivables AUD 1,708 1,214 Trade and other receivables ZAR 33,361 23,568 Trade and other receivables COP 2,751 2,055 Subtotal trade and other receivables 1,087,420 654,073 Receivables from related parties USD 79,331 83,088 Receivables from related parties EUR 1,250 1,150 Receivables from related parties AUD 1,041 1,914 Subtotal receivables from related parties 81,622 86,152 As of As of December 31, December 31, Class of assets Currency 2022 2021 ThUS$ ThUS$ Current inventories USD 1,784,281 1,183,776 Subtotal Current Inventories 1,784,281 1,183,776 Current tax assets USD 127,068 154,709 Current tax assets BRL 1 1 Current tax assets CLP 2,125 1,727 Current tax assets EUR 14,042 171 Current tax assets MXN 59 31 Current tax assets PEN — 3 Current tax assets JPY 77,397 3 Current tax assets ZAR 28 13 Current tax assets COP 1,481 887 Current tax assets KRW 2,713 — Subtotal current tax assets 224,914 157,545 Non-current assets or groups of assets classified as held for sale USD 346 582 Subtotal Non-current assets or groups of assets classified as held for sale 346 582 Total current assets 6,991,509 4,586,098 Other non-current financial assets USD 32,126 9,268 Subtotal Other non-current financial assets 32,126 9,268 Other non-current non-financial assets USD 52,396 33,487 Subtotal Other non-current non-financial assets 52,396 33,487 Other receivables, non-current USD 713 5,239 Other receivables, non-current CLF 77 86 Other receivables, non-current MXN 88 26 Other receivables, non-current CLP 1,213 821 Subtotal Other receivables, non-current 2,091 6,172 Investments classified using the equity method of accounting USD 22,959 20,526 Investments classified using the equity method of accounting AED 19,597 7,879 Investments classified using the equity method of accounting EUR 11,830 11,419 Subtotal Investments classified using the equity method of accounting 54,386 39,824 Intangible assets other than goodwill USD 166,336 179,658 Subtotal intangible assets other than goodwill 166,336 179,658 Purchases goodwill, gross USD 967 34,596 Subtotal Purchases goodwill, gross 967 34,596 Property, plant and equipment USD 2,726,838 2,012,225 Subtotal property, plant and equipment 2,726,838 2,012,225 Right-of-use assets USD 60,867 52,608 Subtotal Right-of-use assets 60,867 52,608 Non-current tax assets USD 127,114 90,364 Subtotal non-current tax assets 127,114 90,364 Deferred tax assets USD 604,471 135,904 Subtotal Deferred tax assets 604,471 135,904 Total non-current assets 3,827,592 2,594,106 Total assets 10,819,101 7,180,204 As of December 31, 2022 As of December 31, 2021 More than 90 More than 90 Class of liability Currency Up to 90 days days to 1 year Total Up to 90 days days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current liabilities Other current financial liabilities USD 120,652 381,922 502,574 28,519 4,234 32,753 Other current financial liabilities CLF 20,094 331 20,425 18,259 293 18,552 Subtotal other current financial liabilities 140,746 382,253 522,999 46,778 4,527 51,305 Lease liabilities, current USD — 6,549 6,549 — 4,625 4,625 Lease liabilities, current CLF — 2,331 2,331 — 2,263 2,263 Lease liabilities, current MXN — 436 436 — 434 434 Lease liabilities, current EUR — 387 387 — 382 382 Lease liabilities, current AUD — 2,446 2,446 — — — Subtotal Lease liabilities, current — 12,149 12,149 — 7,704 7,704 Trade and other payables USD 121,260 110 121,370 98,918 76 98,994 Trade and other payables CLF 2,618 — 2,618 1,330 — 1,330 Trade and other payables BRL 10 — 10 5 — 5 Trade and other payables THB 4 — 4 2 — 2 Trade and other payables CLP 162,470 — 162,470 115,504 — 115,504 Trade and other payables CNY 4,757 — 4,757 3,198 — 3,198 Trade and other payables EUR 56,118 564 56,682 41,242 984 42,226 Trade and other payables GBP 18 — 18 18 — 18 Trade and other payables INR — — — 1 — 1 Trade and other payables MXN 802 — 802 881 — 881 Trade and other payables PEN — — — 1 — 1 Trade and other payables AUD 24,394 — 24,394 15,876 — 15,876 Trade and other payables ZAR 1,256 — 1,256 1,288 — 1,288 Trade and other payables AED 72 — 72 — — — Trade and other payables JPY — — — 99 — 99 Trade and other payables CHF 32 — 32 — — — Trade and other payables COP 115 — 115 227 — 227 Trade and other payables KRW 189 — 189 — — — Subtotal trade and other payables 374,115 674 374,789 278,590 1,060 279,650 Other current provisions USD 1,300,878 2,051 1,302,929 54,134 263,332 317,466 Other current provisions CLP — 217 217 200 — 200 Subtotal other current provisions 1,300,878 2,268 1,303,146 54,334 263,332 317,666 As of December 31, 2022 As of December 31, 2021 Class of liability Currency Up to90 days 91 days to 1 year Total Up to90 days 91 days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current tax liabilities USD — 348,658 348,658 — 149,997 149,997 Current tax liabilities CLP — 999 999 — 12 12 Current tax liabilities EUR — 1,386 1,386 — 5,547 5,547 Current tax liabilities MXN — 5,568 5,568 — 1,841 1,841 Current tax liabilities CNY — — — — 9,538 9,538 Subtotal current tax liabilities — 356,611 356,611 — 166,935 166,935 Provisions for employee benefits, current USD 25,867 8,631 34,498 14,341 11,776 26,117 Provisions for employee benefits, current AUD 390 — 390 — 272 272 Provisions for employee benefits, current EUR 385 — 385 214 — 214 Provisions for employee benefits, current MXN 103 — 103 172 — 172 Subtotal Provisions for employee benefits, current 26,745 8,631 35,376 14,727 12,048 26,775 Other current non-financial liabilities USD 393,401 98 393,499 99,643 8,593 108,236 Other current non-financial liabilities BRL 1 — 1 1 — 1 Other current non-financial liabilities CLP 8,281 39,456 47,737 6,342 2,941 9,283 Other current non-financial liabilities CNY 92 — 92 20,736 — 20,736 Other current non-financial liabilities EUR 1,564 250 1,814 1,281 423 1,704 Other current non-financial liabilities MXN 725 14 739 562 — 562 Other current non-financial liabilities JPY 47 — 47 32 — 32 Other current non-financial liabilities PEN — — — 70 — 70 Other current non-financial liabilities COP 250 — 250 — 157 157 Other current non-financial liabilities ARS 26 — 26 47 — 47 Other current non-financial liabilities ZAR — 1 1 846 — 846 Other current non-financial liabilities KRW 2,271 — 2,271 — — — Subtotal other current non-financial liabilities 406,658 39,819 446,477 129,560 12,114 141,674 Total current liabilities 2,249,142 802,405 3,051,547 523,989 467,720 991,709 As of December 31, 2022 Over 1 year to 2 Over 2 years to 3 Over 3 years to 4 Over 4 years to 5 Class of liability Currency years years years years Over 5 years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Non-current liabilities Other non-current financial liabilities USD — 197,521 249,531 — 1,544,654 1,991,706 Other non-current financial liabilities CLF — — — — 402,512 402,512 Subtotal Other non-current financial liabilities — 197,521 249,531 — 1,947,166 2,394,218 Non-current lease liabilities USD — 13,566 — 22,500 — 36,066 Non-current lease liabilities CLP — — — 23 — 23 Non-current lease liabilities CLF — — — 10,982 — 10,982 Non-current lease liabilities MXN — — — 1,094 — 1,094 Non-current lease liabilities EUR — — — 1,420 — 1,420 Subtotal non-current lease liabilities — 13,566 — 36,019 — 49,585 Non-current Trade and other payables USD — — — — — — Subtotal Non-current Trade and other payables — — — — — — Other non-current provisions USD — 3,648 — 26,200 28,205 58,053 Subtotal Other non-current provisions — 3,648 — 26,200 28,205 58,053 Deferred tax liabilities USD — 289,825 — — — 289,825 Subtotal Deferred tax liabilities — 289,825 — — — 289,825 Provisions for employee benefits, non-current USD 34,326 — — — 9,006 43,332 Provisions for employee benefits, non-current CLP 540 — — — — 540 Subtotal Provisions for employee benefits, non-current 34,866 — — — 9,006 43,872 Total non-current liabilities 34,866 504,560 249,531 62,219 1,984,377 2,835,553 Total liabilities 5,887,100 As of December 31, 2021 Over 1 year to 2 Over 2 years to 3 Over 3 years to 4 Over 4 years to 5 Class of liability Currency years years years years Over 5 years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Non-current liabilities Other non-current financial liabilities USD 369,446 72,900 249,097 — 1,523,473 2,214,916 Other non-current financial liabilities CLF — — — — 372,816 372,816 Subtotal Other non-current financial liabilities 369,446 72,900 249,097 — 1,896,289 2,587,732 Non-current lease liabilities USD — 6,695 — 23,174 — 29,869 Non-current lease liabilities CLF — — — 13,313 — 13,313 Non-current lease liabilities MXN — — — 1,530 — 1,530 Non-current lease liabilities JPY — — — 1,807 — 1,807 Subtotal non-current lease liabilities — 6,695 — 39,824 — 46,519 Non-current Trade and other payables USD — 3,813 — — — 3,813 Subtotal Non-current Trade and other payables — 3,813 — — — 3,813 Other non-current provisions USD — 4,257 — 31,017 25,764 61,038 Subtotal Other non-current provisions — 4,257 — 31,017 25,764 61,038 Deferred tax liabilities USD — 136,823 — — 109,497 246,320 Subtotal Deferred tax liabilities — 136,823 — — 109,497 246,320 Provisions for employee benefits, non-current USD 26,710 — — — — 26,710 Provisions for employee benefits, non-current CLP 389 — — — — 389 Subtotal Provisions for employee benefits, non-current 27,099 — — — — 27,099 Total non-current liabilities 396,545 224,488 249,097 70,841 2,031,550 2,972,521 Total liabilities 3,964,230 Effects of changes in foreign currency exchange rates on the statement of net income and other comprehensive income. For the period from January to December of the year Foreign currency exchange rate changes 2022 2021 2020 ThUS$ ThUS$ ThUS$ Foreign currency loss (25,400) (17,241) (4,423) Foreign currency translation reserve (255) 4,240 14,000 Total (25,655) (13,001) 9,577 The average and closing exchange rate for foreign currency is disclosed in Note 3.3 |
Income tax and deferred taxes
Income tax and deferred taxes | 12 Months Ended |
Dec. 31, 2022 | |
Income tax and deferred taxes | |
Income tax and deferred taxes | Note 25 Income tax and deferred taxes Tax receivables as of December 31, 2022 and 2021, are as follows: 25.1 (a) As of As of December 31, December 31, Current tax assets 2022 2021 ThUS$ ThUS$ Monthly provisional income tax payments, Chilean companies 894 435 Monthly provisional income tax payments, foreign companies 96,906 62 Corporate tax credits (1) 653 674 1st category tax absorbed by tax losses (2) 169 26,848 Taxes in recovery process 126,292 129,523 Total 224,914 157,542 (b) Non-current As of As of December 31, December 31, Non-current tax assets 2022 2021 ThUS$ ThUS$ Total tax paid at SQM Salar (see note 19.3) 127,114 90,364 Total 127,114 90,364 (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. (2) This concept corresponds to the tax loss absorptions determined by the company at the end of the year, which must be attributed to the dividends received during the year. 25.2 Current tax liabilities As of As of December 31, December 31, Current tax liabilities 2022 2021 ThUS$ ThUS$ 1st Category income tax 337,245 139,842 Foreign company income tax 19,366 27,055 Article 21 single tax — 38 Total 356,611 166,935 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 is 27%. 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 9.60% for mining royalties that involve operations in the Salar de Atacama and 9.09% for caliche extraction operations. The income tax rate for the main countries where the Company operates is presented below: Income tax Income tax Country 2022 2021 Spain 25 % 25 % Belgium 25 % 25 % Mexico 30 % 30 % United States 21% + 3.51 % 21% + 3.51 % South Africa 28 % 28 % Korea 25 % 25 % China 25%+12% (1) 25%+12% (1) % (1) Additional tax of 12% on VAT payable. 25.3 Income tax and deferred taxes (a) Deferred tax assets and liabilities as of December 31, 2022 Net liability position Description of deferred tax assets and liabilities as of December 31, 2022 Assets Liabilities ThUS$ ThUS$ Unrealized loss 655,695 — Property, plant and equipment and capitalized interest (1) — (244,560) Restoration and rehabilitation provision 4,685 — Manufacturing expenses — (139,383) Employee benefits and unemployment insurance — (8,995) Vacation accrual 7,650 — Inventory provision 27,512 — Materials provision 11,915 — Others employee benefits 1,177 — Research and development expenses — (12,294) Bad debt provision 715 — Provision for legal complaints and expenses 6,827 — Loan acquisition expenses — (8,793) Financial instruments recorded at market value 5,226 — Specific tax on mining activity — (5,799) Tax loss benefit 10,059 — Other 2,913 — Foreign items (other) 96 — Balances to date 734,470 (419,824) Net balance 314,646 (1) This includes right-of-use assets. (b) Deferred tax assets and liabilities as of December 31, 2021 Net liability position Description of deferred tax assets and liabilities as of December 31, 2021 Assets Liabilities ThUS$ ThUS$ Unrealized loss 144,181 — Property, plant and equipment and capitalized interest (1) — (189,073) Restoration and rehabilitation provision 6,567 — Manufacturing expenses — (108,181) Employee benefits and unemployment insurance — (7,485) Vacation accrual 6,039 — Inventory provision 20,557 — Materials provision 10,554 — Others employee benefits 929 — Research and development expenses — (5,387) Bad debt provision 2,708 — Provision for legal complaints and expenses 334 — Loan acquisition expenses — (8,967) Financial instruments recorded at market value 5,242 — Specific tax on mining activity — (4,545) Tax loss benefit 7,113 — Other 8,862 — Foreign items (other) 136 — Balances to date 213,222 (323,638) Net balance (110,416) (1) This item includes right-of-use assets. Deferred tax assets and liabilities in the consolidated statement of financial position as of December 31, 2022 and 2021, are as follows: As of As of December 31, December 31, Movements of deferred tax assets and liabilities 2022 2021 ThUS$ ThUS$ Deferred tax assets 604,471 135,904 Deferred tax liabilities (289,825) (246,320) Total 314,646 (110,416) (c) Reconciliation of changes in deferred tax liabilities (assets) as of December 31, 2022 Deferred tax Deferred taxes (expense) related to items Total increases Deferred tax benefit credited (decreases) in Deferred tax liability (asset) recognized in (charged) deferred tax liability (asset) at beginning of profit (loss) for directly to liabilities at end of Reconciliation of changes in deferred tax liabilities (assets) period the year equity (assets) period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (144,181) (511,514) — (511,514) (655,695) Property, plant and equipment and capitalized interest 189,073 55,487 — 55,487 244,560 Restoration and rehabilitation provision (6,567) 1,882 — 1,882 (4,685) Manufacturing expenses 108,181 31,202 — 31,202 139,383 Employee benefits and unemployment insurance 7,486 2,779 (1,270) 1,509 8,995 Vacation accrual (6,039) (1,611) — (1,611) (7,650) Inventory provision (20,557) (6,955) — (6,955) (27,512) Materials provision (10,554) (1,361) — (1,361) (11,915) Derivative financial instruments — (7,172) 7,172 — — Others employee benefits (929) (248) — (248) (1,177) Research and development expenses 5,387 6,907 — 6,907 12,294 Bad debt provision (2,708) 1,993 — 1,993 (715) Provision for legal complaints and expenses (334) (6,493) — (6,493) (6,827) Loan approval expenses 8,967 (174) — (174) 8,793 Financial instruments recorded at market value (5,243) — 17 17 (5,226) Specific tax on mining activity 4,545 1,257 (3) 1,254 5,799 Tax loss benefit (7,113) (1,502) — (1,502) (8,615) Others (8,862) (7,187) — (7,187) (16,049) Foreign items (other) (136) 11,732 — 11,732 11,596 Total temporary differences, unused losses and unused tax credits 110,416 (430,978) 5,916 (425,062) (314,646) (d) Deferred tax Deferred taxes (expense) related to items Total increases Deferred tax benefit credited (decreases) in liability (asset) recognized in (charged) deferred tax Deferred tax at beginning of profit (loss) for directly to liabilities liability (asset) Reconciliation of changes in deferred tax liabilities (assets) period the year equity (assets) at end of period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (90,585) (53,596) — (53,596) (144,181) Property, plant and equipment and capitalized interest 187,168 1,905 — 1,905 189,073 Restoration and rehabilitation provision (6,597) 30 — 30 (6,567) Manufacturing expenses 107,215 966 — 966 108,181 Employee benefits and unemployment insurance 6,669 687 130 817 7,486 Vacation accrual (6,138) 99 — 99 (6,039) Inventory provision (22,200) 1,643 — 1,643 (20,557) Materials provision (8,812) (1,742) — (1,742) (10,554) Derivative financial instruments — 14,246 (14,246) — — Others employee benefits — (929) — (929) (929) Research and development expenses 3,581 1,806 — 1,806 5,387 Bad debt provision (5,072) 2,364 — 2,364 (2,708) Provision for legal complaints and expenses (19,637) 19,303 — 19,303 (334) Loan approval expenses 5,212 3,755 — 3,755 8,967 Financial instruments recorded at market value 3,929 (5,354) (3,818) (9,172) (5,243) Specific tax on mining activity 3,012 1,521 12 1,533 4,545 Tax loss benefit (844) (6,269) — (6,269) (7,113) Others (1,454) (7,408) — (7,408) (8,862) Foreign items (other) 654 (790) — (790) (136) Total temporary differences, unused losses and unused tax credits 156,101 (27,763) (17,922) (45,685) 110,416 (e) 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, 2022, and 2021, tax loss carryforwards are detailed as follows: As of As of December 31, December 31, Deferred taxes related to benefits for tax losses 2022 2021 ThUS$ ThUS$ Chile 10,059 7,113 Foreign — 1,444 Total 10,059 8,557 The tax losses as of December 31, 2022, which are the basis for these deferred taxes correspond mainly to Comercial Hydro S.A., Orcoma SpA., Orcoma Estudio SpA y SCM Búfalo. (f) Movements in deferred tax assets and liabilities as of December 31, 2022 and 2021 are detailed as follows: Assets (liabilities) As of As of December 31, December 31, Movements in deferred tax assets and liabilities 2022 2021 ThUS$ ThUS$ Deferred tax assets and liabilities, net opening balance (110,416) (156,101) Increase (decrease) in deferred taxes in profit or loss 430,978 27,763 Increase (decrease) deferred taxes in equity (5,916) 17,922 Total 314,646 (110,416) (g) Current and deferred tax (expenses) benefits are detailed as follows: (Expense) Income As of As of As of December 31, December 31, December 31, Disclosures on income tax (expense) benefit 2022 2021 2020 ThUS$ ThUS$ ThUS$ Current income tax (expense) benefit Current tax expense (2,002,564) (279,105) (97,374) Adjustments to prior year current income tax (expense) benefit (626) 2,326 (1,901) Current income tax expense, net, total (2,003,190) (276,779) (99,275) Deferred tax (expense) benefit Deferred tax benefits relating to the creation and reversal of temporary differences 427,680 28,445 26,219 Tax adjustments related to the creation and reversal of temporary differences from the previous year 3,298 (682) 2,877 Total deferred tax benefits, net 430,978 27,763 29,096 Income tax expense (1,572,212) (249,016) (70,179) Income tax (expenses) benefit for foreign and domestic parties are detailed as follows: (Expense) Income As of As of As of December 31, December 31, December 31, Income tax (expense) benefit 2022 2021 2020 ThUS$ ThUS$ ThUS$ Current income tax benefit (expense) by foreign and domestic parties, net Current income tax expenses, foreign parties, net (213,060) (46,748) (9,782) Current income tax expenses, domestic, net (1,790,130) (230,031) (89,493) Current income tax expense, net, total (2,003,190) (276,779) (99,275) Deferred tax benefit (expense) by foreign and domestic parties, net Current income tax (expense) benefit, foreign parties, net (21,338) (6,679) 10,284 Current income tax benefits, domestic, net 452,316 34,442 18,812 Deferred tax expense, net, total 430,978 27,763 29,096 Income tax expense (1,572,212) (249,016) (70,179) (h) As of December 31, 2022 Amount before taxes (Expense) income for Income tax related to other income and expense components with a charge or credit to net equity (expense) gain income taxes Amount after taxes ThUS$ ThUS$ ThUS$ (Losses) income from defined benefit plans (6,350) 1,273 (5,077) Cash flow hedges 26,622 (7,172) 19,450 Reserve for (losses) income from financial assets measured at fair value through other comprehensive income 190 (17) 173 Total 20,462 (5,916) 14,546 As of December 31, 2021 Amount before taxes (Expense) income for Income tax related to other income and expense components with a charge or credit to net equity (expense) gain income taxes Amount after taxes ThUS$ ThUS$ ThUS$ Income (losses) from defined benefit plans 4,679 (142) 4,537 Cash flow hedges (52,762) 14,246 (38,516) Reserve for (losses) income from financial assets measured at fair value through other comprehensive income (12,072) 3,818 (8,254) Total (60,155) 17,922 (42,233) As of December 31, 2020 Amount before taxes (Expense) income for Income tax related to other income and expense components with a charge or credit to net equity (expense) gain income taxes Amount after taxes ThUS$ ThUS$ ThUS$ Income (losses) from defined benefit plans 974 (145) 829 Cash flow hedges (3,706) 1,001 (2,705) Reserve for income (losses) from financial assets measured at fair value through other comprehensive income 9,784 (2,642) 7,142 Total 7,052 (1,786) 5,266 (i) Explanation of the relationship between (expense) benefit for tax purposes and accounting income. Based on IAS 12, paragraph 81, letter “c”, the company has estimated that the method that discloses the most significant information for users of the financial statements is the numeric conciliation between the tax benefit (expense) and the result of multiplying the accounting profit by the current rate in Chile. The aforementioned choice is based on the fact that the Company and subsidiaries established in Chile generate a large part of the Company’s tax benefit (expense). The amounts provided by subsidiaries established outside Chile have no relative importance in the overall context. Reconciliation between the tax benefit (expense) and the tax calculated by multiplying income before taxes by the Chilean corporate income tax rate. (Expense) Benefit As of As of As of December 31, December 31, December 31, Income Tax Expense (Benefit) 2022 2021 2020 ThUS$ ThUS$ ThUS$ Consolidated income before taxes 5,486,496 841,221 238,538 Statutory income tax rate in Chile 27 % 27 % 27 % Tax expense using the statutory tax rate (1,481,354) (227,130) (64,405) Net effect of royalty tax payments (57,500) (13,350) (4,659) Tax effect of income from regular activities exempt from taxation and dividends from abroad 3,490 (260) 1,786 Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) (11,058) (2,226) (2,987) Tax effect of tax rates supported abroad (25,053) (5,622) (2,077) Effects of changes resulting from classifying a permanent item as a temporary one — — 4,826 Other tax effects of reconciliation of accounting income to tax expense (737) (428) (2,663) Tax expense using the effective tax rate (1,572,212) (249,016) (70,179) (j) 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: (i) 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. (ii) 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. (iii) In Mexico, the tax authority can review tax returns up to 5 years from the expiration date of the tax return. (iv) In Spain, the tax authority can review tax returns up to 4 years from the expiration date of the tax return. A subsidiary of the Company, SQM Iberian S.A., is being reviewed by the Spanish Tax Authority. This audit could involve adjustments to tax returns filed in Spain. (v) 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. (vi) In South Africa, 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 in the tax return is detected, the review can be extended for a period of up to 5 years. A subsidiary of the Company, SQM Africa Pty., is being reviewed by the South African Tax Authority. This audit could involve adjustments to tax returns filed in South Africa. (vii) China: Tax returns up to 3 years old from the due date of the return can be reviewed, in special circumstances this can be extended to 5 years. When tax evasion or fraud is involved, the tax authorities will pursue the collection of tax and there is no time limit. (viii) Korea: Tax returns up to 5 years old from the due date of the return can be reviewed, but this can be extended to 7 years for cross-border transactions. Failure to file the tax return on the legal due date will result in this deadline being extended by up to 5 years and 10 years for cross-border transactions. When tax evasion or fraud is involved, it will be extended by up to 10 years and 15 years for cross-border transactions. |
Events occurred after the repor
Events occurred after the reporting date | 12 Months Ended |
Dec. 31, 2022 | |
Events occurred after the reporting date | |
Events occurred after the reporting date | Note 26 26 The consolidated financial statements of the Company and its subsidiaries, prepared in accordance with IFRS for the year ended December 31, 2022, were approved and authorized for issuance by the Company´s Board of Directors on April 25, 2023. 26.2 Management is not aware of any other significant events that occurred between December 31, 2022, 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, 2022 | |
Significant accounting policies | |
Classification of balances as current and non-current | 3.1 Classification of balances as current and non-current In the 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. |
Functional and presentation currency | 3.2 Functional and presentation currency The Company’s consolidated financial statements are presented in United States dollars, without decimal places, 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. |
Accounting policy for foreign currency translation | 3.3 Accounting policy for foreign currency translation (a) SQM 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 shareholder’s equity (“foreign currency translation reserve”). 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 UF used to translate monetary assets and liabilities, expressed in foreign currency at the end and average of each period in respect to U.S. dollars, are as follows: Closing exchange rates Average exchange rates As of As of As of As of December 31, December 31, December 31, December 31, Currencies 2022 2021 2022 2021 ThUS$ ThUS$ ThUS$ ThUS$ Brazilian real 5.28 5.57 5.25 5.66 New Peruvian sol 3.81 3.99 3.83 4.04 Japanese yen 131.32 115.18 134.70 113.87 Euro 0.93 0.88 0.94 0.88 Mexican peso 19.50 20.54 19.60 20.90 Australian dollar 1.47 1.38 1.48 1.40 Pound Sterling 0.83 0.74 0.82 0.75 South African rand 17.01 15.94 17.28 15.88 Chilean peso 855.86 844.69 873.81 849.46 Chinese yuan 6.92 6.38 6.98 6.37 Indian rupee 82.73 74.42 82.52 75.40 Thai Baht 34.64 33.32 34.76 33.55 Turkish lira 18.71 13.28 18.66 13.54 Korean Won 1,259.98 1,188.79 1,291.64 1,183.95 Indonesian Rupiah 15,570.00 14,265.00 15,596.90 14,320.57 United Arab Emirates dirham 3.67 3.67 3.67 3.67 Polish Zloty 4.37 4.06 4.42 4.08 UF (*) 41.02 36.69 40.18 36.48 (*) US$ per UF (b) Transactions and balances The Company’s 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 until disposal of the investment, 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. |
Consolidated statement of cash flows | 3.4 Cash equivalents correspond to highly liquid short-term investments that are easily convertible into known amounts of cash and 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 present cash transactions performed during the period, determined using the direct method. |
Financial assets | 3.5 Management determines the classification of its financial assets at fair value (either through other comprehensive income, or through profit or loss), 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. The initial value of the Company's financial assets valued at fair value through comprehensive income includes the transaction costs that are directly attributable to acquiring that financial asset on the date the Company commits to acquiring it, whereas the transaction costs for financial assets valued at fair value through profit or loss are expensed. The initial value of trade and other receivables that do not include a significant financial component is their transaction price. After initial recognition, the Company measures its financial assets according to the Company’s business model for managing its financial assets and the contractual terms of its cash flows: (a) Financial debt instruments measured at amortized cost. Financial assets that meet the following conditions are included in this category (i) the business model that supports it aims to maintain the financial assets to obtain the contractual cash flows and 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. The Company’s financial assets that meet these conditions are: (ii) cash equivalents; (iii) related party receivables; (iv) trade debtors; (v) other receivables. (b) Financial instruments at fair value. A financial asset should be measured at fair value through profit or loss or fair value through other comprehensive income, depending on the following: (i) "Fair Value Through Other Comprehensive Income": Assets held to collect contractual cash flows and to be sold, where the asset cash flows are only capital and interest payments, are measured at fair value through other comprehensive income. Changes in book values are through other comprehensive income, except for the recognition of impairment losses, interest income and exchange gains and losses, which are recognized in the income statement. When a financial asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to the income statement. Interest income from these financial assets is included in financial income using the effective interest method. (ii) "Fair Value Through Profit and Loss": Assets that do not meet the amortized cost or "Fair Value Through Other Comprehensive Income" criteria are valued at "Fair Value Through Profit and Loss". (c) Financial equity instruments at fair value through other comprehensive income. Equity instruments that are not classified as held for trading and which the Group has irrevocably chosen to recognize in this category. Amounts presented in other comprehensive income will not be subsequently transferred to profit or loss. |
Financial assets impairment | 3.6 Financial assets impairment The Company evaluates expected credit losses associated with its debt instruments carried at amortized cost and fair value through other comprehensive income. The impairment method used depends on whether there has been a significant increase in credit risk. The Company applies simplified approach to measure expected credit losses using the lifetime expected loss on all trade receivables. Expected credit losses are measured by grouping receivables by their shared credit risk characteristics and days overdue. The Company has concluded that the expected loss rates for trade receivables are a reasonable approximation of the loss rates for contract assets. Expected loss rates are based on sales payment profiles and historical credit losses within this period. Historical loss rates are adjusted to reflect current expectations and information regarding macroeconomic factors that affect the ability of customers to meet their commitments. Impairment losses from receivables and contract assets are shown as net impairment losses in the line “Impairment of financial assets and reversal of impairment losses,” see Note 21.7. The subsequent recovery of previously canceled amounts are credited to the same line. |
Financial liabilities | 3.7 Management accounts for its financial liabilities at amortized cost. Upon initial recognition, the Company measures its financial liabilities by their fair value less the transaction costs that are directly attributable to the acquisition of the financial liability. The Company subsequently measures its financial liabilities at amortized cost. Financial liabilities measured at amortized cost are commercial accounts payable and other accounts payable and other financial liabilities. Amortized cost is based using the effective interest rate method. Amortized cost is calculated by considering any premium or discount on the acquisition and includes transaction costs that are an integral part of the effective interest rate. |
Estimated fair value of financial instruments | 3.8 The fair value of financial assets and liabilities is estimated using the following information. Although the data represent Management's best estimates, it is subjective and involves significant estimates regarding current economic conditions, market conditions and risk characteristics. Methodologies and assumptions used depend on the risk terms and characteristics of instruments and include the following as a summary: Fair value estimation Financial assets and liabilities measured at fair value consist of forwards hedging the mismatch in the balance sheet and cash flows, options hedging the mismatch in the balance sheet and cross currency swaps to hedge bonds issued in local currency (Peso/UF). The fair value of the Company’s assets and liabilities recognized by cross currency swaps contracts is calculated as the difference between the present value of discounted cash flows of the asset (Peso/UF) and liability (Dollar) parts of the derivative. In the case of the IRS, the asset value recognized is calculated as the difference between the discounted cash flows of the asset (variable rate) and liability (fixed rate) parts of the derivative. Forwards are calculated as the difference between the strike price of the contract and the spot price plus the forwards points at the date of the contract. Financial options: the value recognized is calculated using the Black-Scholes method. In the case of CCS, the entry data used for the valuation models are UF, Peso, Dollar and basis swap rates. In the case of fair value calculations for interest rate swaps, the Forward Rate Agreement rate and ICVS 23 Curve (Bloomberg: cash/deposits rates, futures, swaps). In the case of forwards, the forwards curve for the currency in question is used. Finally, for options, the spot price, risk-free rate and volatility of exchange rate are used, all in accordance with the currencies used in each valuation. The financial information used as entry data for the Company’s valuation models is obtained from Bloomberg, the well-known financial software company. Conversely, the fair value provided by the counterparties of derivatives contracts is used only as a control and not for valuation. The effects on profit or loss of movements in these amounts is recognized in the caption finance costs, foreign currency translation gain (loss) or cash flow hedge reserve in the statement of comprehensive income, depending on each particular case. Estimate of fair value for disclosure purposes ● Cash equivalent approximates fair value due to the short-term maturities of these instruments. ● The fair value of current trade receivables is considered to be equal to the carrying amount due to the maturity of such accounts at short-term. ● Payables, current lease liabilities and other current financial liabilities are considered fair value equal to book value due to the short-term maturity of these accounts. ● The fair value of the debt (long-term secured and unsecured debentures; bonds denominated in local currency (Peso/UF) and foreign currency (Dollar), borrowings denominated in foreign currency (Dollar) and lease liabilities of the Company are calculated at current value of cash flows subtracted from market rates upon valuation, considering the terms of maturity and exchange rates. The UF and Peso rate curves are used as inputs for the valuation model. This information is obtained through from the renowned financial software company, Bloomberg, and the Chilean Association of Banks and Financial Institutions |
Reclassification of financial instruments | 3.9 When the Company changes its business model for managing financial assets, it will reclassify all its financial assets affected by the new business model. Financial liabilities cannot be reclassified. |
Financial instruments derecognition | 3.10 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 from the principle responsibility contained in the liability. |
Derivative and hedging financial instruments | 3.11 The 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 a recognized asset or liability 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 12.3. 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) The effective portion of the gain or loss on the hedging instrument is initially recognized with a debit or credit to other comprehensive income, while any ineffective portion is immediately recognized to income, as appropriate, depending on the nature of the hedged risk. The amounts accumulated in other comprehensive income are carried over to results when the hedged items are settled or when these have an impact on income. When a hedging instrument no longer meets the criteria for hedge accounting, any cumulative deferred gain or loss and deferred costs of hedging in equity at that time remains in equity until the forecast transaction occurs. When the forecast transaction is no longer expected to occur, the cumulative gain or loss and deferred costs of hedging that were reported in other comprehensive income are immediately reclassified to profit or loss. |
Derivative financial instruments not considered as hedges | 3.12 Derivative financial instruments not considered as hedges are recognized at fair value with the effect in the profit of the year. The Company has derivative financial instruments to hedge foreign currency risk exposure. The Company continually evaluates the existence of embedded derivatives in both its contracts and in its financial instruments. As of December 31, 2022, and 2021, the Company does not have any embedded derivatives. |
Deferred acquisition cost from insurance contracts | 3.13 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 independent of payment date. These are recognized under other non-financial assets current. |
Leases | 3.14 Leases (a) Right-of-use assets The Company recognizes right-of-use assets on the initial lease date (i.e., the date on which the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, adjusted by any new measurement of the lease liability. The cost of right-of-use assets includes the amount of recognized lease liabilities, direct initial costs incurred and lease payments made on the start date or sooner, less the lease incentives received. Unless the Company is reasonably sure it will take ownership of the leased asset at the end of the lease period, the assets recognized through right-of-use are depreciated in a straight line during the shortest period of their estimated useful life and lease period. Right-of-use assets are subject to impairment. (b) Lease liabilities On the lease start date, the Company recognizes lease liabilities measured at present value of lease payments that will be made during the lease period. Lease payments include fixed payments (including payments that are essentially fixed), less incentives for lease receivables, variable lease payments that are dependent on an index or rate and amounts that are expected to be paid as guaranteed residual value. Lease payments also include the exercise price of a purchase option if the Company is reasonably sure it will exercise this and penalty payments for terminating a lease, if the lease period reflects that the Company will exercise the option to terminate. Variable lease payments that are not dependent on an index or rate are recognized as expenses in the period that produces the event or condition that triggers payment. When calculating the present value of lease payments, the Company uses the incremental borrowing rate on the initial lease date if the interest rate implicit in the lease cannot be determined easily. After the start date, the lease liability balance will increase to reflect the accumulation of interest and will diminish as lease payments are made. Furthermore, the book value of lease liabilities is remeasured in the event of an amendment, a change in the lease period, a change in the fixed lease payments in substance or a change in the assessment to buy the underlying asset. Payments made that affect lease liabilities are presented as part of the financing activities in the cash flow statement. (c) Short-term leases and low-value asset leases The Company applies the short-term lease recognition exemption to leases with a lease term of 12 months or less starting on the start date and that don’t have a purchase option. It also applies the low-value asset lease recognition exemptions to leases less than the limit specified in the respective accounting standard. Lease payments in short-term leases and low-value asset leases are recognized as lineal expenses during the lease term. (d) Significant judgments in the determination of the lease term for contracts with renewal options. The Company determines the lease term as the non-cancellable period of the lease, together with periods covered by an option to extend the lease if it is reasonably certain that this will be exercised, or any period covered by an option to terminate the lease, if it is reasonably certain that this will not be exercised. The Company has the option, under some of its leases, to lease assets for additional terms. The Company applies its judgment when assessing whether it is reasonably certain that it will exercise the option to renovate. In other words, it considers all the relevant factors that create an economic incentive for it to exercise the option to renovate. After the start date, the Company reevaluates the lease term if there is a significant event or change in the circumstances that are under its control and affect its capacity to exercise (or not exercise) the option to renovate. |
Inventory measurement | 3.15 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: (a) Provision associated with the lower value of stock: The provision is directly identified with the product that generates it and involves three types: (i) 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; (ii) 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; (iii) reprocessing costs of products that are unfeasible for sale due to current specifications. (b) Provision associated with physical differences in inventory : A provision is made for differences that exceed the tolerance considered in the respective inventory process (physical and annual inventories are taken for the productive units in Chile and the port of Tocopilla; 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. (c) 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. (d) 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 at the moment they are detected. The company has a provision based on 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. |
Non-controlling interests | 3.16 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. |
Related party transactions | 3.17 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. The maturity conditions vary according to the originating transaction. |
Property, plant and equipment | 3.18 Property, plant and equipment 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: (a) 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. (b) 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 and its subsequent variation is recorded directly in results. 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 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. The cost of interest is recognized by applying an average or average weighted interest rate for all financing costs incurred by the Company to the final monthly balances for works underway and complies with the requirements of IAS 23. Financing costs are not activated for periods that exceed the normal term for acquisition, construction or installation of the property; such is the case for delays, interruptions or temporary suspension of the project due to technical, financial or other problems that make it impossible to leave the property in usable conditions. |
Depreciation of property, plant and equipment | 3.19 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 and depreciated over their expected useful lives. Useful lives are reviewed on an annual basis. Fixed assets located in 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 certain 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: Minimum life or Maximum life or Life or average rate Classes of property, plant and equipment rate (years) rate (years) in years Mining assets 3 10 8 Energy generating assets 5 16 10 Buildings 3 25 13 Supplies and accessories 4 10 8 Office equipment 5 10 9 Transport equipment 8 9 9 Network and communication equipment 4 12 8 IT equipment 5 10 8 Machinery, plant and equipment 3 25 10 Other fixed assets 3 15 9 |
Goodwill | 3.20 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 the line item 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. |
Intangible assets other than goodwill | 3.21 Intangible assets other than goodwill mainly relate to water rights, costs for rights of way for electricity lines, software and licensing costs, the development of computer software and mining property and concession rights. (a) Water rights Water rights acquired by the Company relate to water from natural sources and are recorded at acquisition cost. The Company separates water rights into: i) Finite rights with amortization using the straight-line method, and ii) Indefinite rights, which are not amortized, given that these assets represent rights granted in perpetuity to the Company, which are subject to an annual impairment assessment. (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 asset. Amounts paid are capitalized at the date of the agreement and amortized in 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 are 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 Western Australian Governments. Property rights from the State of Chile 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. Estimated useful lives or amortization rates used for finite identifiable intangible assets The finite useful life of mining properties is calculated using the productive unit method, except for the mining properties owned by Corfo, which have been leased to the Company and grant it the right to exclusively exploit them until December 31, 2030. The estimated useful life for software which they are amortized corresponds to the periods defined by the contracts or rights from which they originate. Minimum and maximum amortization lives or rates of intangible assets: Minimum Life or Maximum Life or Estimated useful life or amortization rate Rate Rate Water rights 5 years Indefinite Rights of way Indefinite Indefinite Corfo Mining properties (1) 8 years 8 years Mining rights Unit-production method Intellectual property 9 years 9 years IT programs 3 years 9 years (1) Mining properties owned by Corfo and leased to the Company, which grant it the exclusive right to exploit them until December 31, 2030. |
Research and development expenses | 3.22 Research and development expenses Research and development expenses are charged to profit or loss in the period in which the expenditure was incurred. |
Exploration and evaluation expenses | 3.23 Exploration and evaluation 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: Once the rights have been obtained, the Company records the disbursements directly associated with the exploration and evaluation of the deposit in execution as property, plant and equipment (construction in progress) at its cost. These disbursements include the following items: 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. (a) Limestone and metallic exploration These assets are included in Other Non-Current Non-Financial Assets, and the portion related to the area to be exploited in the year are reclassified to Current Inventory, if applicable. Costs related to metal exploration are charged to profit or loss in the period in which they are recognized if the project assessed doesn’t qualify for consideration as advanced exploration otherwise, these are amortized during the development stage. (b) Exploration and evaluation at the Mt. Holland Project Mount Holland exploration and evaluation expenditure is included in Property, plant and equipment, specifically in Construction in Progress. |
Impairment of non-financial assets | 3.24 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. For assets other than goodwill, the Group annually assesses whether there is any indication that a previously recognized impairment loss may no longer exist or may have decreased. Should such indications exist, the recoverable amount is estimated. The recoverable amount of an asset is the higher between the fair value of an asset or cash generating unit 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. 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. 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. For assets other than goodwill, 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. Assets with indefinite lives are assessed for impairment annually. |
Minimum dividend | 3.25 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. (See Note 19.5). |
Earnings per share | 3.26 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. |
Other provisions | 3.27 Provisions are recognized when: ● The Company has a present, legal or constructive obligation as the result of a past event. ● It is more likely than not that certain resources must be used, 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. |
Obligations related to employee termination benefits and pension commitments | 3.28 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, 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. 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 deviations between the estimate and the actual behavior of actuarial assumptions or in the reformulation of established actuarial assumptions. 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. The net balance of this obligation is presented under the “Non-Current Provisions for Employee Benefits” (refer to Note 17.4). |
Compensation plans | 3.29 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 IFRS 2. Changes in the fair value of options granted are recognized with a charge to payroll in the results for the period (see Note 17.6). |
Revenue recognition | 3.30 Revenue includes the fair value of considerations received or receivable for the sale of goods and services during the performance of the Company’s activities. Revenue is presented net of value added tax, estimated returns, rebates and discounts and after the elimination of sales among subsidiaries. Revenues are recognized when the specific conditions for each income stream are met, as follows: (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) Income from dividends Income from dividends is recognized when the right to receive the payment is established. |
Finance income and finance costs | 3.31 Finance income is mainly composed of interest income from 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 also recognized in profit or loss using the effective interest rate method. |
Current income tax and deferred | 3.32 Corporate income tax for the year is determined as the sum of current and deferred income 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 period. The Company periodically assesses the positions taken in the determination of taxes with respect to situations in which the applicable tax regulation is subject to interpretation and considers whether it is probable that a tax authority will accept an uncertain tax treatment. The Company measures its tax balances based on the most likely amount or expected value, depending on which method provides a better prediction of the resolution of uncertainty. 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 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. Income tax and variations in deferred tax assets or liabilities that are not the result of business combinations are recorded in income or equity, considering the origin of the gains or losses which have generated them. At each reporting period, the carrying amount of deferred tax assets is reviewed and recognized only if it is probable that future taxable amounts will be available to allow the recovery of all or a portion of the deferred tax assets. 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 taxes related to items directly recognized in equity is registered with effect on other comprehensive income and not with effect on income. 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. The recognized deferred tax assets refer to the amount of income tax to recover in future periods, related to: a) deductible temporary differences; b) compensation for losses obtained in prior periods, which have not yet been subject to tax deduction; and c) compensation for unused credits from prior periods. The Company recognizes deferred tax assets when it has the certainty that they can be offset with tax income from subsequent periods, unused tax losses or credits to date, but only when this availability of future tax income is probable and can be used for offsetting these unused tax losses or credits. The recognized deferred tax liabilities refer to the amount of income tax to pay in a future period, related to taxable temporary differences. The Company does not recognize deferred tax liabilities in all cases of taxable temporary differences associated with investments in subsidiaries, branches and associates, or with joint ventures, because based on the standard, the two following conditions both apply: (i) the parent company, investor or shareholder is capable of controlling the moment of the reversal of temporary differences; and (ii) it is probable that the temporary difference will not be reversed in the foreseeable future. Moreover, the Company does not recognize deferred tax assets for all the deductible temporary differences that originate from investments in subsidiaries, branches and associates, or from joint ventures, because it is unlikely that they meet the following requirements: (i) temporary differences are reversed in the foreseeable future; and (ii) |
Operating segment reporting | 3.33 Operating 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. Allocation of assets and liabilities, 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 in accordance with the criteria established in the costing process for product inventories to the corresponding segments. |
Primary accounting criteria, estimates and assumptions | 3.34 Management is responsible for the information contained in these consolidated annual accounts, which expressly indicate that all the principles and criteria included in IFRS, as issued by the IASB, have been applied in full. In preparing the consolidated financial statements of the Company and its subsidiaries, management has made significant 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 expected physical life of the asset, the potential for technological obsolescence, and regulations. (See Notes 3.21, 14 and 15). ● Impairment losses of certain assets - Goodwill and intangible assets that have an indefinite useful life are not amortized and are assessed for impairment on an annual basis, or more frequently if the events or changes in circumstances indicate that these may have deteriorated Other 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 or value in use 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, considering 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 Note 20). If the Company is unable to rationally estimate the obligation or concluded no loss is probable but it is reasonably possible that a loss may be incurred, no provision is recorded but disclosed in the notes to the consolidated financial statements. ● Volume determination for certain in-process and finished products is based on topographical measurements and technical studies that cover the different variables (density for bulk inventories and density and porosity for the remaining stock, among others), and related allowance. ● Estimates for obsolescence provisions to ensure that the carrying value of inventory is not in excess of the net realizable inventory valuation. (See Note 10). Even though 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. |
Identification and activities_2
Identification and activities of the Company and Subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Identification and activities of the Company and Subsidiaries | |
Schedule of information about employees | As of December 31, 2022, and 2021, the workforce was as follows: As of December 31, 2022 As of December 31, 2021 Other Other Employees SQM S.A. subsidiaries Total SQM S.A. subsidiaries Total Executives 32 128 160 33 103 136 Professionals 177 2,506 2,683 117 1,639 1,756 Technicians and operators 309 3,845 4,154 275 3,914 4,189 Overall total 518 6,479 6,997 425 5,656 6,081 As of December 31, 2022 As of December 31, 2021 Other Other Place of work SQM S.A. subsidiaries Total SQM S.A. subsidiaries Total In Chile 518 6,015 6,533 425 5,246 5,671 Outside Chile — 464 464 — 410 410 Overall total 518 6,479 6,997 425 5,656 6,081 |
Schedule of shareholders stock and ownership percentage | information is derived from our registry and reports managed by the DCV and informed to the CMF and the Chilean Stock Exchange: % of Series A % of Series B % of total Shareholders as of December 31, 2022 No. of Series A shares No. of Series B shares shares The Bank of New York Mellon, ADRs — — 64,555,045 45.20 % 22.60 % Inversiones TLC SpA 62,556,568 43.80 % — — 21.90 % Sociedad de Inversiones Pampa Calichera S.A. (2) 43,133,789 30.20 % 1,611,227 1.13 % 15.66 % Potasios de Chile S.A. 18,179,147 12.73 % — — 6.36 % Banco de Chile via State Street 79,265 0.06 % 10,979,388 7.69 % 3.87 % AF Habitad S.A. — — 9,504,885 6.66 % 3.33 % Inv. Global Mining (Chile) Ltda. 8,798,539 6.16 % — — 3.08 % Banco Santander via foreign investor accounts 545,729 0.38 % 8,181,775 5.73 % 3.06 % AFP Cuprum S.A. — — 6,535,039 4.58 % 2.29 % Banco de Chile non-resident third party accounts 62,829 0.04 % 6,181,476 4.33 % 2.19 % AF Capital S.A. — — 5,652,982 3.96 % 1.98 % AFP Provida S.A. — — 5,263,361 3.69 % 1.84 % % of Series A % of Series B % of total Shareholders as of December 31, 2021 No. of Series A shares No. of Series B shares shares Inversiones TLC SpA 62,556,568 43.80 % — — 21.90 % The Bank of New York Mellon, ADRs — — 67,603,420 47.34 % 23.67 % Sociedad de Inversiones Pampa Calichera S.A. (2) 44,989,231 31.50 % — — 15.75 % Potasios de Chile S.A. 18,179,147 12.73 % — — 6.36 % Inversiones Global Mining (Chile) Limitada 8,798,539 6.16 % — — 3.08 % Banco de Chile via State Street 23,428 0.02 % 9,178,379 6.43 % 3.22 % Banco Santander via foreign investor accounts — — 8,856,091 6.20 % 3.10 % Banco de Chile non-resident third party accounts 445 — 7,939,865 5.56 % 2.78 % Bando de Chile vi a Citi NA New York Clients 67,463 0.05 % 4,795,310 3.36 % 1.70 % Inversiones la Esperanza de Chile Limitada 4,246,226 2.97 % — — 1.49 % Larraín Vial S.A. Corredora de Bolsa 125,726 0.09 % 3,653,614 2.56 % 1.32 % AFP Habitat S.A. for Pension Fund C — — 2,914,292 2.04 % 1.02 % |
Basis of presentation for the_2
Basis of presentation for the consolidated financial statements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Basis of presentation for the consolidated financial statements | |
Schedule of revised deferred tax assets and liabilities presentation | Original balances Balances reported as of Reclassification reclassified as of Items December 31, 2021 December 31, 2021 ThUS$ ThUS$ ThUS$ Deferred tax assets — 135,904 135,904 Deferred tax liabilities 110,416 135,904 246,320 |
Schedule of mandatory interpretations and amendments | Mandatory for annual periods Amendments and improvements Description beginning on or after Reference the Conceptual Framework, amendments to IFRS 3 Minor changes were made to the IFRS 3 “Business Combinations” to update the references to the conceptual framework for financial reporting without changing the requirements for business combinations. 01-01-2022 Amendment to IAS 16, "Property, Plant and Equipment." Prohibits a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use. Instead, a company will recognize such sales proceeds and related cost in profit or loss. 01-01-2022 Amendment to IAS 37, "Provisions, Contingent Liabilities and Contingent Assets". Clarifies for onerous contracts what unavoidable costs a company must include to evaluate whether a contract generates losses. 01-01-2022 Annual Improvements to IFRS Standards 2018-2020 The following improvements were finalized in May 2020: IFRS 9 Financial Instruments. Clarifies what fees must be included in the "10 percent" test when evaluating whether to derecognize a financial liability 01-01-2022 IFRS 16 Leases The amendment to illustrative example 13 removes the illustration of the reimbursement of improvements to the leased asset made by the lessor to resolve any potential confusion in the treatment of lease incentives. 01-01-2022 |
Schedule of interpretations and amendments issued, but not effective | Mandatory for annual periods Standards and Interpretations Description beginning on or after Amendment to IAS 1 “Presentation of financial statements” on classification of liabilities. These amendments clarify that the liabilities will be classified as current or non-current depending on the rights that exist at the close of the reporting period. The classification is not affected by the expectations of the entity or the events subsequent to the report date (for example, the receipt of a waiver or noncompliance with the pact). The amendment also clarifies what IAS 1 means when referring to “liquidation” of a liability. The amendment must be applied retroactively in accordance with IAS 8. Effective date of application January 1, 2022; however, such date was deferred to January 1, 2024. 01-01-2024 Amendment to IAS 1 “Non-current liabilities with covenants”. The amendment is aimed at improving the information that an entity provides when the payment terms of its liabilities can be deferred depending on compliance with covenants within the twelve months following the date of issue of the financial statements. 01-01-2024 Amendments to IFRS 16 “Leases” On sales with leaseback, which explains how an entity should recognize the rights to use the asset and how the profits or losses from the sale and leaseback should be recognized in the financial statements. 01-01-2024 Amendments to IAS 1: “Presentation of the Financial Statements” and IAS 8 “Accounting policies, changes in accounting estimates and errors”. The amendments are intended to improve disclosures of accounting policies and to help users of financial statements distinguish between changes in accounting estimates and changes in accounting policies. 01-01-2023 Amendment to IAS 12 - Deferred taxes related to assets and liabilities that arise from a single transaction. These amendments require companies to recognize deferred taxes on transactions that result in equal amounts in taxable and deductible temporary differences in the initial recognition. 01-01-2023 Amendment to IFRS 10 “Consolidated Financial Statements” and IAS 28 “Investments in Associates and Joint Ventures”, Published in September 2014. These amendments address an inconsistency between the requirements in IFRS 10 and those in IAS 28 in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognized when a transaction involves a business -whether it is housed in a subsidiary or not. A partial gain or loss is recognized when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary. undetermined |
Schedule of detailed information about subsidiaries | Country of Functional Ownership Interest Subsidiaries TAX ID No. Address Incorporation Currency Direct Indirect Total SQM Nitratos S.A. 96.592.190-7 El Trovador 4285, Las Condes Chile Dollar 99.9999 0.0001 100.0000 SQM Potasio S.A. 96.651.060-9 El Trovador 4285, Las Condes Chile Dollar 99.9999 0.0001 100.0000 Serv. Integrales de Tránsito y Transf. S.A. 79.770.780-5 Arturo Prat 1060, Tocopilla Chile Dollar 0.0003 99.9997 100.0000 Isapre Norte Grande Ltda. 79.906.120-1 Aníbal Pinto 3228, Antofagasta Chile Peso 1.0000 99.0000 100.0000 Ajay SQM Chile S.A. 96.592.180-K Av. Pdte. Eduardo Frei 4900, Santiago Chile Dollar 51.000 - 51.000 Almacenes y Depósitos Ltda. 79.876.080-7 El Trovador 4285, Las Condes Chile Peso 1.0000 99.0000 100.0000 SQM Salar S.A. 79.626.800-K El Trovador 4285, Las Condes Chile Dollar 18.1800 81.8200 100.0000 SQM Industrial S.A. 79.947.100-0 El Trovador 4285, Las Condes Chile Dollar 99.0470 0.9530 100.0000 Exploraciones Mineras S.A. 76.425.380-9 El Trovador 4285, Las Condes Chile Dollar 0.2691 99.7309 100.0000 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. 76.534.490-5 Aníbal Pinto 3228, Antofagasta Chile Peso - 100.0000 100.0000 Soquimich Comercial S.A. 79.768.170-9 El Trovador 4285, Las Condes Chile Dollar - 60.6383 60.6383 Comercial Agrorama Ltda. (1) 76.064.419-6 El Trovador 4285, Las Condes Chile Dollar - 60.6383 60.6383 Comercial Hydro S.A. 96.801.610-5 El Trovador 4285, Las Condes Chile Dollar - 100.0000 100.0000 Agrorama S.A. 76.145.229-0 El Trovador 4285, Las Condes Chile Dollar - 60.6383 60.6383 Orcoma Estudios SPA 76.359.919-1 Apoquindo 3721 OF 131, Las Condes Chile Dollar 100.0000 - 100.0000 Orcoma SPA 76.360.575-2 Apoquindo 3721 OF 131, Las Condes Chile Dollar 100.0000 - 100.0000 SQM MaG SpA 76.686.311-9 Los Militares 4290, Las Condes Chile Dollar - 100.0000 100.0000 Sociedad Contractual Minera Búfalo 77.114.779-8 Los Militares 4290, Las Condes Chile Dollar 99.9000 0.1000 100.0000 SQM North America Corp. Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar 40.0000 60.0000 100.0000 RS Agro Chemical Trading Corporation A.V.V. Foreign Caya Ernesto O. Petronia 17, Orangestad Aruba Dollar 98.3333 1.6667 100.0000 Nitratos Naturais do Chile Ltda. Foreign Al. Tocantis 75, 6° Andar, Conunto 608 Edif. West Gate, Alphaville Barureri, CEP 06455-020, Sao Paulo Brazil Dollar - 100.0000 100.0000 SQM Corporation N.V. Foreign Pietermaai 123, P.O. Box 897, Willemstad, Curacao Curacao Dollar 0.0002 99.9998 100.0000 SQM Perú S.A. (2) Foreign Avenida Camino Real N° 348 of. 702, San Isidro, Lima Perú Dollar 0.0091 99.9909 100.0000 SQM Ecuador S.A. Foreign Av. José Orrantia y Av. Juan Tanca Marengo Edificio Executive Center Piso 2 Oficina 211 Ecuador Dollar 0.00401 99.9960 100.0000 SQM Brasil Ltda. Foreign Al. Tocantis 75, 6° Andar, Conunto 608 Edif. West Gate, Alphaville Barureri, CEP 06455-020, Sao Paulo Brazil Dollar 0.5800 99.4200 100.0000 SQMC Holding Corporation. Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta United States of America Dollar 0.1000 99.9000 100.0000 SQM Japan Co. Ltd. Foreign From 1st Bldg 207, 5-3-10 Minami- Aoyama, Minato-ku, Tokio Japan Dollar 0.1597 99.8403 100.0000 (1) has control over the administration of Comercial Agrorama Ltda. (2) SQM Perú has been liquidated as of December 31, 2022. Country of Functional Ownership Interest Subsidiaries TAX ID No. Address Incorporation Currency Direct Indirect Total SQM Europe N.V. Foreign Houtdok-Noordkaai 25a B-2030 Amberes Belgium Dollar 0.5800 99.4200 100.0000 SQM Indonesia S.A. Foreign Perumahan Bumi Dirgantara Permai, Jl Suryadarma Blok Aw No 15 Rt 01/09 17436 Jatisari Pondok Gede Indonesia Dollar - 80.0000 80.0000 North American Trading Company Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar - 100.0000 100.0000 SQM Virginia LLC Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar - 100.0000 100.0000 SQM Comercial de México S.A. de C.V. Foreign Av. Moctezuma 144-4 Ciudad del Sol. CP 45050, Zapopan, Jalisco México México Dollar 0.0100 99.9900 100.0000 SQM Investment Corporation N.V. Foreign Pietermaai 123, P.O. Box 897, Willemstad, Curacao Curacao Dollar 1.0000 99.0000 100.0000 Royal Seed Trading Corporation A.V.V. Foreign Caya Ernesto O. Petronia 17, Orangestad Aruba Dollar 1.6700 98.3300 100.0000 SQM Lithium Specialties Limited Partnership Foreign 2727 Paces Ferry Road, Building Two, Suite 1425, Atlanta, GA United States of America Dollar - 100.0000 100.0000 Comercial Caimán Internacional S.A. Foreign Edificio Plaza Bancomer Panamá Dollar - 100.0000 100.0000 SQM France S.A. Foreign ZAC des Pommiers 27930 FAUVILLE France Dollar - 100.0000 100.0000 Administración y Servicios Santiago S.A. de C.V. Foreign Av. Moctezuma 144-4 Ciudad del Sol, CP 45050, Zapopan, Jalisco México México Dollar - 100.0000 100.0000 SQM Nitratos México S.A. de C.V. Foreign Av. Moctezuma 144-4 Ciudad del Sol, CP 45050, Zapopan, Jalisco México México Dollar - 100.0000 100.0000 Soquimich European Holding B.V. Foreign Luna Arena, Herikerbergweg 238 1101 CM Amsterdan Holland Dollar - 100.0000 100.0000 SQM Iberian S.A. Foreign Provenza 251 Principal 1a CP 08008, Barcelona Spain Dollar - 100.0000 100.0000 SQM África Pty Ltd. Foreign Tramore House, 3 Wterford Office Park, Waterford Drive, 2191 Fourways, Johannesburg South Africa Dollar - 100.0000 100.0000 SQM Oceanía Pty Ltd. Foreign Level 9, 50 Park Street, Sydney NSW 2000, Sydney Australia Dollar - 100.0000 100.0000 SQM Beijing Commercial Co. Ltd. Foreign Room 1001C, CBD International Mansion N 16 Yong An Dong Li, Jian Wai Ave Beijing 100022, P.R. China Dollar - 100.0000 100.0000 SQM Thailand Limited Foreign Unit 2962, Level 29, N° 388, Exchange Tower Sukhumvit Road, Klongtoey Bangkok Thailand Dollar - 99.9980 99.9980 SQM Colombia SAS Foreign Cra 7 No 32 – 33 piso 29 Pbx: (571) 3384904 Fax: (571) 3384905 Bogotá D.C. – Colombia. Colombia Dollar - 100.0000 100.0000 SQM Australia PTY Foreign Level 16, 201 Elizabeth Street Sydney Australia Dollar - 100.0000 100.0000 SQM International N.V. Foreign Houtdok-Noordkaai 25a B-2030 Amberes Belgium Dollar 0.5800 99.4200 100.0000 SQM (Shanghai) Chemicals Co. Ltd. Foreign Room 4703-33, 47F, No.300 Middle Huaihai Road, Huangpu district, Shanghai China Dollar - 100.0000 100.0000 SQM Korea LLC Foreign Suite 22, Kyobo Building, 15th Floor, 1 Jongno Jongno-gu, Seoul, 03154 South Korea Korea Dollar - 100.0000 100.0000 SQM Holland B.V. Foreign Herikerbergweg 238, 1101 CM Amsterdam Zuidoost Holland Dollar - 100.0000 100.0000 |
Significant accounting polici_3
Significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Significant accounting policies | |
Schedule of foreign exchange rates used to translate monetary items | The main exchange rates and UF used to translate monetary assets and liabilities, expressed in foreign currency at the end and average of each period in respect to U.S. dollars, are as follows: Closing exchange rates Average exchange rates As of As of As of As of December 31, December 31, December 31, December 31, Currencies 2022 2021 2022 2021 ThUS$ ThUS$ ThUS$ ThUS$ Brazilian real 5.28 5.57 5.25 5.66 New Peruvian sol 3.81 3.99 3.83 4.04 Japanese yen 131.32 115.18 134.70 113.87 Euro 0.93 0.88 0.94 0.88 Mexican peso 19.50 20.54 19.60 20.90 Australian dollar 1.47 1.38 1.48 1.40 Pound Sterling 0.83 0.74 0.82 0.75 South African rand 17.01 15.94 17.28 15.88 Chilean peso 855.86 844.69 873.81 849.46 Chinese yuan 6.92 6.38 6.98 6.37 Indian rupee 82.73 74.42 82.52 75.40 Thai Baht 34.64 33.32 34.76 33.55 Turkish lira 18.71 13.28 18.66 13.54 Korean Won 1,259.98 1,188.79 1,291.64 1,183.95 Indonesian Rupiah 15,570.00 14,265.00 15,596.90 14,320.57 United Arab Emirates dirham 3.67 3.67 3.67 3.67 Polish Zloty 4.37 4.06 4.42 4.08 UF (*) 41.02 36.69 40.18 36.48 |
Schedule of useful lives of property, plant and equipment | The useful lives used for the depreciation and amortization of assets included in property, plant and equipment in years are presented below: Minimum life or Maximum life or Life or average rate Classes of property, plant and equipment rate (years) rate (years) in years Mining assets 3 10 8 Energy generating assets 5 16 10 Buildings 3 25 13 Supplies and accessories 4 10 8 Office equipment 5 10 9 Transport equipment 8 9 9 Network and communication equipment 4 12 8 IT equipment 5 10 8 Machinery, plant and equipment 3 25 10 Other fixed assets 3 15 9 |
Schedule of useful lives of intangible assets | Minimum and maximum amortization lives or rates of intangible assets: Minimum Life or Maximum Life or Estimated useful life or amortization rate Rate Rate Water rights 5 years Indefinite Rights of way Indefinite Indefinite Corfo Mining properties (1) 8 years 8 years Mining rights Unit-production method Intellectual property 9 years 9 years IT programs 3 years 9 years |
Financial risk management (Tabl
Financial risk management (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial risk management | |
Schedule of credit quality of issuing banks | As of December 31, Financial institution Financial assets Rating 2022 Moody´s S&P Fitch ThUS$ Agricultural Bank of China Bank notes P-1 A-1 F1+ 10,334 Bank of China Limited Bank notes P-1 A-1 F1+ 27,936 Bank of Jiujiang Bank notes P-2 - - 1,964 Bank of Ningbo Bank notes P-2 - - 3,148 Others Bank notes - - - 1,887 Total 45,269 December 31, Financial institution Financial assets Rating 2021 Moody´s S&P Fitch ThUS$ Agricultural Bank of China Bank notes P-1 A-1 A 860 Bank of China Limited Bank notes P-1 A-1 A 4,167 Bank of Communications Bank notes P-1 A-2 A 7,422 China CITIC Bank Corp Ltd Bank notes P-2 A-2 BBBu 2,623 China Construction Bank Corporation Bank notes - A-1 A 7,122 China Everbrith Bank Co. Ltd Bank notes (P) P-2 A-2 BBB 6,569 China Merchants Bank Bank notes - A-2 A-u 22,628 China Minsheng Bank Corporation Bank notes - A-3 BB+u 784 Industrial & Commercial Bank of China Limited Bank notes P-1 A-1 Au 353 Industrial Bank Bank notes P-2 - BBB 6,615 Ping An Bank Bank notes P-2 A-2 BB+u 8,391 Shanghai Pudong Development Bank Co. Ltd Bank notes P-2 A-2 BBB 7,905 China Development Bank Bank notes A1 A-1 F1+u 16,807 Postal Savings Bank of China Bank notes - A-1 A+ 4,718 KEB Hana Bank (China) Bank notes P-1 A-1 F1+ 1,121 Total 98,085 |
Schedule of credit quality of financial assets | As of December 31, Financial institution Financial assets Rating 2022 Moody´s S&P Fitch ThUS$ Banco crédito e Inversiones Time deposits - A-2 F2 150,578 Banco Itaú Corpbanca Time deposits P-2 A-2 - 284,915 Banco Santander – Santiago Time deposits P-1 A-2 - 124,689 Scotiabank Chile Time deposits - - F1+ 416,026 Sumitomo Mitsui Banking Time deposits P-1 - - 122,631 Banco de Chile Time deposits - A-1 - 602 JP Morgan US Dollar liquidity Fund Institucional Investment fund Aaa-mf AAAm AAAmmf 435,485 Legg Mason - Western Asset Institutional cash reserves Investment fund - AAAm AAAmmf 590,661 Total 2,125,587 Banco crédito e Inversiones Time deposits - A-2 F2 187,707 Banco Itaú Corpbanca Time deposits P-2 A-2 - 15,048 Banco Santander - Santiago Time deposits P-1 A-2 - 51,444 Banco Estado Time deposits P-1 A-1 - 85,055 Scotiabank Chile Time deposits - - F1+ 250,362 Banco de Chile Time deposits - A-1 - 150,259 Sumitomo Mitsui Banking Time deposits P-1 - - 210,292 Total 950,167 As of December 31, Financial institution Financial assets Rating 2021 Moody´s S&P Fitch ThUS$ Banco crédito e Inversiones Time deposits P-1 A-2 F2- 9,752 Banco Itaú Corpbanca Time deposits P-2 A-2 - 8,001 Banco Santander – Santiago Time deposits P-1 A-2 - 9,052 Scotiabank Sud Americano Time deposits P-1 A-1 F1+ 10,750 Other banks Time deposits - - F1+ 200,100 JP Morgan US dollar Liquidity Fund Institutional Investment fund Aaa-mf AAAm AAAmmf 381,297 Legg Mason - Western Asset Institutional cash reserves Investment fund - AAAm AAAmmf 233,648 Total 852,600 Banco crédito e Inversiones Time deposits P-1 A-2 - 34,325 Banco Itaú Corpbanca Time deposits P-2 A-2 - 195,471 Banco Santander - Santiago Time deposits P-1 A-2 - 65,899 Scotiabank Sud Americano Time deposits P-1 A-1 F1+ 289,421 Sumitomo Mitsui Banking Time deposits P-1 - F1 320,054 Total 905,170 |
Schedule of derivative contracts | These derivative contracts are held with domestic and foreign banks, which have the following credit ratings as of December 31, 2022. Financial institution Financial assets Rating Moody´s S&P Fitch Banco Estado Derivative P-1 A-1 - Merrill Lynch International Derivative - A-1 - JP Morgan Derivative P-1 A-2 F1+ Morgan Stanley Derivative P-1 A-2 F1 The Bank of Nova Scotia Derivative P-1 A-1 F1+ Banco Itaú-Corpbanca Derivative P-2 A-2 - Goldman Sachs Derivative P-1 A-2 F1 |
Schedule of cash and cash equivalents | Cash and cash equivalents are invested in highly liquid mutual funds with an AAA risk rating. Nature of undiscounted cash flows As of December 31, 2022 Carrying (figures expressed in millions of US dollars) amount Less than 1 year 1 to 5 years Over 5 years Total Bank borrowings 330.80 144.83 220.33 — 365.16 Unsecured obligations 2,550.60 405.17 616.66 2,935.15 3,956.98 Sub total 2,881.40 550.00 836.99 2,935.15 4,322.14 Hedging liabilities 62.53 40.76 20.43 12.68 73.87 Derivative financial instruments 5.82 5.82 — — 5.82 Sub total 68.35 46.58 20.43 12.68 79.69 Current and non-current lease liabilities 61.73 13.94 36.33 27.85 78.12 Trade accounts payable and other accounts payable 374.79 374.79 — — 374.79 Total 3,386.27 985.31 893.75 2,975.68 4,854.74 Nature of undiscounted cash flows As of December 31, 2021 Carrying (figures expressed in millions of US dollars) amount Less than 1 year 1 to 5 years Over 5 years Total Bank borrowings 70.08 1.05 70.64 — 71.69 Unsecured obligations 2,518.64 108.06 924.03 2,980.91 4,013.00 Sub total 2,588.72 109.11 994.67 2,980.91 4,084.69 Hedging liabilities 85.25 12.38 31.58 39.70 83.66 Derivative financial instruments 1.67 1.67 — — 1.67 Sub total 86.92 14.05 31.58 39.70 85.33 Current and non-current lease liabilities 54.22 8.88 30.97 29.08 68.93 Trade accounts payable and other accounts payable 279.65 279.65 — — 279.65 Total 3,009.51 411.69 1,057.22 3,049.69 4,518.60 |
Separate information on the m_2
Separate information on the main office, parent entity and joint action agreements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Separate information on the main office, parent entity and joint action agreements | |
Schedule of Parent's stand-alone assets and liabilities | 5.1 Parent’s stand-alone assets and liabilities As of As of December 31, December 31, Parent’s stand-alone assets and liabilities 2022 2021 ThUS$ ThUS$ Assets 8,430,376 5,988,757 Liabilities (3,533,744) (2,807,237) Equity 4,896,632 3,181,520 |
Board of Directors, Senior Ma_2
Board of Directors, Senior Management and Key management personnel (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Board of Directors, Senior Management and Key management personnel | |
Schedule of information about key management personnel | As of December 31, 2022, and 2021, the number of the key management personnel is 142 and 127, respectively. For the year ended For the year ended For the year ended December 31, December 31, December 31, Key management personnel compensation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Key management personnel compensation 29,633 31,560 23,770 |
Equity-accounted investees (Tab
Equity-accounted investees (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity-accounted investees | |
Schedule of investments in associates | Share in profit (loss) of associates Share in other comprehensive income of Share in total comprehensive income of accounted for using the equity associates accounted for using the equity associates accounted for using the equity Equity-accounted investees method method method For the year For the year For the year For the year For the year For the year For the year For the year For the year As of As of As of ended ended ended ended ended ended ended ended ended December December December December December December December December December December December December Associate 31, 2022 31, 2021 31, 2020 31, 2022 31, 2021 31, 2020 31, 2022 31, 2021 31, 2020 31, 2022 31, 2021 31, 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL — — 11,505 — — (156) — — — — — (156) Doktor Tarsa Tarim Sanayi AS (*) — — — — — 4,031 — — — — — 4,031 Ajay North America 17,654 15,899 14,468 5,351 2,802 2,191 — — — 5,351 2,802 2,191 Ajay Europe SARL 8,624 8,213 7,875 6,130 1,852 1,029 (498) 360 756 5,632 2,212 1,785 SQM Eastmed Turkey (*) — — — — — 247 — — — — — 247 Kore Potash PLC (**) — — 26,175 — — (224) — — (374) — — (598) Total 26,278 24,112 60,023 11,481 4,654 7,118 (498) 360 382 10,983 5,014 7,500 (*) These investments were disposed of in 2020 (**) For more details, see Note 7.3 (b). |
Schedule of dividends received from associates | Dividends received for the year ending Share of Description of the nature Country of ownership in December 31, December 31, December 31, Associate of the relationship Address incorporation associates 2022 2021 2020 ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL Distribution and commercialization of specialty plant nutrients in the Middle East. PO Box 71871, Abu Dhabi United Arab Emirates 37 % 3,000 9,438 — Ajay North America Production and distribution of iodine and iodine derivatives. 1400 Industry RD Power Springs GA 30129 United States of North America 49 % 1,576 1,233 1,967 Ajay Europe SARL Production and distribution of iodine and iodine derivatives. Z.I. du Grand Verger BP 227 53602 Evron Cedex France 50 % 1,778 992 1,197 Total 6,354 11,663 3,164 |
Schedule of assets, liabilities, revenue and expenses of associates | As of December 31, 2022 For the year ended December 31, 2022 Assets Liabilities Other comprehensive Comprehensive Associate Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Ajay North America 30,455 15,972 10,395 2 63,482 10,919 — 10,919 Ajay Europe SARL 33,742 1,992 18,486 — 64,060 12,261 (21) 12,240 Total 64,197 17,964 28,881 2 127,542 23,180 (21) 23,159 As of December 31, 2021 For the year ended December 31, 2021 Assets Liabilities Other comprehensive Comprehensive Associate Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Ajay North America 21,771 15,096 4,421 — 47,375 5,718 — 5,718 Ajay Europe SARL 25,927 1,241 10,742 — 48,409 3,705 (34) 3,671 Total 47,698 16,337 15,163 — 95,784 9,423 (34) 9,389 As of December 31, 2020 For the year ended December 31, 2020 Assets Liabilities Other comprehensive Comprehensive Associate Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Abu Dhabi Fertilizer Industries WWL 29,313 8,586 6,706 101 6,641 (420) — (420) Ajay North America 18,513 15,749 4,737 — 42,920 4,471 — 4,471 Ajay Europe SARL 22,032 1,493 7,773 — 41,950 2,058 1,736 3,794 Kore Potash PLC 5,691 124,112 786 — — (3,233) 486 (2,747) Total 75,549 149,940 20,002 101 91,511 2,876 2,222 5,098 |
Joint Ventures (Tables)
Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Joint Ventures | |
Schedule of investment in joint ventures accounted for under the equity method of accounting | Share in profit (loss) of joint ventures Equity-accounted investees accounted for using the equity method As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. 20,793 8,682 9,720 8,208 6,304 2,010 SQM Qingdao Star Corp Nutrition Co. Ltd. — — — — — 83 Pavoni & C. Spa 7,315 7,030 7,222 470 174 9 Covalent Lithium Pty Ltd. — — — — — — Sichuan SQM Migao Chemical Fertilizers Co Ltd. — — 9,028 — — (280) Total 28,108 15,712 25,970 8,678 6,478 1,822 Share on other comprehensive income joint ventures Share on total comprehensive income of joint ventures accounted for using the equity method accounted for using the equity method As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Coromandel SQM India (*) — — — — — — SQM Vitas Fzco. 674 429 (1,469) 8,882 6,733 541 SQM Qingdao Star Corp Nutrition Co. Ltd. (*) — — — — — 83 SQM Vitas B.V. — — — — — — Pavoni & C. Spa (210) (317) 349 260 (143) 358 Covalent Lithium Pty Ltd. 90 37 16 90 37 16 Sichuan SQM Migao Chemical Fertilizers Co Ltd. — — — — — (280) Total 554 149 (1,104) 9,232 6,627 718 (*) These investments were disposed of in 2021 (*) See more details in Note 8.4 (a). The amounts described in the following box represent numbers used in the consolidation of the company: Equity-accounted investees Share in profit (loss) of joint ventures accounted for using the equity method As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brasil Agroindustria (1) 14,667 — 3,511 5,834 4,582 1,018 SQM Vitas Perú S.A.C. (1) 1,340 4,681 1,659 2,293 1,645 660 Total 16,007 4,681 5,170 8,127 6,227 1,678 Share on other comprehensive income of Share on total comprehensive income of joint ventures accounted for using joint ventures accounted for using the equity method, for the period ended the equity method, for the period ended As of As of As of For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2020 2022 2021 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Brasil Agroindustria (1) 551 (429) (1,469) 6,385 4,153 (451) SQM Vitas Perú S.A.C. (1) — — — 2,293 1,645 660 Total 551 (429) (1,469) 8,678 5,798 209 |
Schedule of dividends received from joint ventures | Dividends received for the year ending Share of As of As of As of Description of the nature Country of interest in December 31, December 31, December 31, Joint venture of the relationship Domicile incorporation ownership 2022 2021 2020 ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co Ltd. Production and distribution of soluble fertilizers. Huangjing Road, Dawan Town, Qingbaijiang Dristrict, Chengdu Municipality, Sichuan Province China 50 % — — — SQM Vitas Fzco. Production and commercialization of specialty plant, animal nutrition and industrial hygiene. Jebel ALI Free Zone P.O. Box 18222, Dubai United Arab Emirates 50 % — — — SQM Qingdao Star 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 % — — 2,223 Pavoni & C. Spa Production of specialty fertilizers and others for distribution in Italy and other countries. Corso Italia 172, 95129 Catania -CT, Sicilia Italy 50 % — — — SQM Vitas Brasil Agroindustria (1) Production and trading of specialty vegetable and animal nutrition and industrial hygiene. Via Cndeias, Km. 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia. Brazil 49.99 % — — — SQM Vitas Perú S.A.C. (1) Production and trading of specialty vegetable and animal nutrition and industrial hygiene Av. Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima Peru 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 % — — — Total — — 2,223 (*) The percentages presented correspond to the ownership used in the consolidation of the company. |
Schedule of assets, liabilities, revenue and expenses from joint ventures | As of December 31, 2022 For the year ended December 31, 2022 Assets Liabilities Other comprehensive Comprehensive Joint Venture Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. (*) 9,618 — 49 — — 165 — 165 SQM Vitas Brasil Agroindustria (*) 73,045 6,111 45,894 — 162,026 11,670 602 12,272 SQM Vitas Perú S.A.C. (*) 59,196 7,285 49,596 117 61,387 4,586 — 4,586 Pavoni & C. Spa (*) 11,516 6,358 8,853 802 18,066 939 (344) 595 Covalent Lithium Pty Ltd. 2,077 3,088 7,062 3,017 — (2,648) — (2,648) Total 155,452 22,842 111,454 3,936 241,479 14,712 258 14,970 As of December 31, 2021 For the year ended December 31, 2021 Assets Liabilities Other comprehensive Comprehensive Joint Venture Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. 9,606 — 215 — — 159 — 159 SQM Vitas Brasil Agroindustria 73,500 4,846 68,794 — 103,335 9,165 (858) 8,307 SQM Vitas Perú S.A.C. 28,610 7,347 24,473 828 48,128 3,289 — 3,289 Pavoni & C. Spa 12,885 6,714 11,226 725 19,599 347 (634) (287) Covalent Lithium Pty Ltd. 3,904 2,636 7,498 1,489 — (864) 74 (790) Total 128,505 21,543 112,206 3,042 171,062 12,096 (1,418) 10,678 As of December 31, 2020 For the year ended December 31, 2020 Assets Liabilities Other comprehensive Comprehensive Joint Venture Current Non-current Current Non-current Revenue Net income (loss) income income ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Sichuan SQM Migao Chemical Fertilizers Co Ltd. 29,507 4,412 14,156 — 9 (562) — (562) SQM Vitas Fzco. (496) 20,431 496 — — 4,019 — 4,019 SQM Vitas Brasil Agroindustria 40,064 5,527 33,410 — 78,960 2,036 (2,938) (902) SQM Vitas Perú S.A.C. 34,548 7,928 33,145 1,080 37,591 1,319 — 1,319 Pavoni & C. Spa 10,645 7,493 9,270 836 15,958 16 698 714 Covalent Lithium Pty Ltd. 1,418 2,131 2,823 910 — (232) 33 (199) Total 115,686 47,922 93,300 2,826 132,518 6,596 (2,207) 4,389 |
Schedule of other joint venture information | 8.3 Cash and cash equivalents Other current financial liabilities Other non-current financial liabilities As of As of As of As of As of As of December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2022 2021 2022 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. 3,866 4,115 9,753 — — — SQM Vitas Brasil Agroindustria 3,820 4,132 82 10,416 — — SQM Vitas Perú S.A.C. 2,208 380 4,951 238 117 289 Pavoni & C. Spa 1,088 787 494 7,561 — — Covalent Lithium Pty Ltd. 1,931 3,858 — 980 — — Total 12,913 13,272 15,280 19,195 117 289 Depreciation and amortization expense Interest expense Income tax benefit (expense) for the year ending for the year ending for the year ending As of As of As of As of As of As of December 31, December 31, December 31, December 31, December 31, December 31, Joint Venture 2022 2021 2022 2021 2022 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Vitas Fzco. — — (1) (1) — — SQM Vitas Brasil Agroindustria (331) (278) (333) (367) (3,164) (1,985) SQM Vitas Perú S.A.C. (360) (354) (298) (311) (2,370) (1,692) Pavoni & C. Spa (183) (245) (347) (459) (459) (173) Covalent Lithium Pty Ltd. (176) (167) (40) (55) 1,094 343 Total (1,050) (1,044) (1,019) (1,193) (4,899) (3,507) |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents. | |
Schedule of cash and cash equivalents | As of As of December 31, December 31, Cash 2022 2021 ThUS$ ThUS$ Cash on hand 43 44 Cash in banks 529,606 662,407 Total Cash 529,649 662,451 As of As of December 31, December 31, Cash equivalents 2022 2021 ThUS$ ThUS$ Short-term deposits, classified as cash equivalents 1,099,441 237,655 Short-term investments, classified as cash equivalents 1,026,146 614,945 Total cash equivalents 2,125,587 852,600 Total cash and cash equivalents 2,655,236 1,515,051 |
Schedule of short-term investments | As of As of December 31, December 31, Institution 2022 2021 ThUS$ ThUS$ Legg Mason - Western Asset Institutional Cash Reserves 590,661 233,648 JP Morgan US dollar Liquidity Fund Institutional 435,485 381,297 Total 1,026,146 614,945 |
Schedule of restricted cash balances | As of As of December 31, December 31, Restricted cash balances 2022 2021 ThUS$ ThUS$ Isapre Norte Grande Ltda. 717 622 Total 717 622 |
Schedule of detailed information about short-term deposits | The detail at the end of each balance date is as follows: Original Interest As of Receiver of the deposit Type of deposit Currency Interest Rate Placement date Expiration date Principal accrued to-date December 31, 2022 ThUS$ ThUS$ ThUS$ Banco Crédito e Inversiones Fixed term Peso 0.95 % 11-17-2022 01-25-2023 42,998 609 43,607 Banco Crédito e Inversiones Fixed term Peso 0.94 % 12-15-2022 01-25-2023 100,817 537 101,354 Itau Corpbanca Fixed term Peso 0.96 % 12-06-2022 01-05-2023 41,421 343 41,764 Itau Corpbanca Fixed term Peso 0.96 % 12-12-2022 01-25-2023 100,660 644 101,304 Itau Corpbanca Fixed term Peso 0.95 % 11-17-2022 01-25-2023 32,248 458 32,706 Itau Corpbanca Fixed term Peso 0.95 % 11-16-2022 01-25-2023 73,831 1,070 74,901 Itau Corpbanca Fixed term Peso 0.96 % 12-13-2022 01-25-2023 30,146 183 30,329 Santander Fixed term Peso 0.95 % 12-16-2022 01-25-2023 103,288 523 103,811 Santander Fixed term Peso 0.94 % 12-06-2022 01-05-2023 20,710 168 20,878 Scotiabank Sud Americano Fixed term Peso 0.96 % 12-12-2022 01-25-2023 50,330 322 50,652 Scotiabank Sud Americano Fixed term Peso 0.98 % 12-13-2022 01-25-2023 100,487 621 101,108 Scotiabank Sud Americano Fixed term Peso 0.96 % 12-13-2022 01-25-2023 70,341 428 70,769 Scotiabank Sud Americano Fixed term Peso 0.97 % 12-14-2022 01-25-2023 100,258 584 100,842 Scotiabank Sud Americano Fixed term Dollar 4.54 % 11-21-2022 01-25-2023 82,000 424 82,424 Sumitomo Mitsui Banking Fixed term Dollar 4.54 % 11-21-2022 01-25-2023 122,000 631 122,631 Banco Crédito e Inversiones Fixed term Dollar 0.42 % 12-06-2022 01-06-2023 2,000 7 2,007 Banco Crédito e Inversiones Fixed term Dollar 0.44 % 12-01-2022 01-03-2023 1,500 6 1,506 Banco Crédito e Inversiones Fixed term Peso 0.22 % 12-30-2022 01-06-2023 2,103 1 2,104 Banco de Chile Fixed term Dollar 0.95 % 12-12-2022 02-14-2023 600 2 602 Itau Corpbanca Fixed term Dollar 1.02 % 12-13-2022 02-16-2023 500 2 502 Itau Corpbanca Fixed term Dollar 0.46 % 11-30-2022 01-03-2023 1,000 4 1,004 Itau Corpbanca Fixed term Dollar 0.42 % 12-06-2022 01-06-2023 700 2 702 Itau Corpbanca Fixed term Dollar 1.07 % 12-21-2022 02-27-2023 1,700 3 1,703 Scotiabank Sud Americano Fixed term Dollar 0.66 % 12-07-2022 01-27-2023 1,000 3 1,003 Scotiabank Sud Americano Fixed term Dollar 0.64 % 11-16-2022 01-03-2023 2,500 15 2,515 Scotiabank Sud Americano Fixed term Dollar 0.72 % 12-28-2022 02-13-2023 2,200 1 2,201 Scotiabank Sud Americano Fixed term Dollar 0.96 % 12-30-2022 03-03-2023 500 — 500 Scotiabank Sud Americano Fixed term Dollar 0.58 % 11-22-2022 01-03-2023 1,500 8 1,508 Scotiabank Sud Americano Fixed term Dollar 0.38 % 12-16-2022 01-13-2023 1,500 3 1,503 Scotiabank Sud Americano Fixed term Dollar 0.87 % 12-22-2022 02-16-2023 1,000 1 1,001 Total 1,091,838 7,603 1,099,441 As of Original Interest December 31, Receiver of the deposit Type of deposit Currency Interest Rate Placement date Expiration date Principal accrued to-date 2021 ThUS$ ThUS$ ThUS$ Credit Suisse Fixed term Dollar 0.58 % 11-30-2021 02-28-2022 200,000 100 200,100 Banco BCI Fixed term Dollar 0.31 % 12-24-2021 02-28-2022 1,250 — 1,250 Banco BCI Fixed term Dollar 0.36 % 12-07-2021 01-14-2022 8,000 2 8,002 Banco BCI Fixed term Dollar 0.28 % 12-30-2021 01-14-2022 500 — 500 Banco Santander Fixed term Dollar 3.12 % 12-30-2021 01-06-2022 3,550 2 3,552 Banco Santander Fixed term Dollar 0.26 % 12-16-2021 01-31-2022 2,500 — 2,500 Banco Santander Fixed term Dollar 0.40 % 12-27-2021 03-04-2022 1,500 — 1,500 Banco Santander Fixed term Dollar 0.40 % 12-29-2021 01-27-2022 1,500 — 1,500 Banco Itaú Corpbanca Fixed term Dollar 0.30 % 12-14-2021 01-07-2022 5,000 1 5,001 Banco Itaú Corpbanca Fixed term Dollar 0.37 % 12-28-2021 01-24-2022 1,000 — 1,000 Banco Itaú Corpbanca Fixed term Dollar 0.34 % 12-07-2021 01-28-2022 2,000 — 2,000 Scotiabank Sud Americano Fixed term Dollar 0.27 % 12-24-2021 02-28-2022 2,750 — 2,750 Scotiabank Sud Americano Fixed term Dollar 0.06 % 12-17-2021 01-31-2022 3,000 — 3,000 Scotiabank Sud Americano Fixed term Dollar 0.07 % 12-03-2021 01-18-2022 5,000 — 5,000 Total 237,550 105 237,655 |
Inventories (Table)
Inventories (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Inventories | |
Schedule of detailed information about inventories | As of As of December 31, December 31, Type of inventory 2022 2021 ThUS$ ThUS$ Raw material 27,035 12,508 Production supplies 68,426 41,114 Products-in-progress 590,946 527,118 Finished product 1,097,874 603,036 Total 1,784,281 1,183,776 |
Schedule of information about inventory reserves | The breakdown of inventory allowances is detailed as follows: As of As of December 31, December 31, Type of inventory 2022 2021 ThUS$ ThUS$ Raw material and supplies for production 4,186 1,865 Products-in-progress 83,499 59,858 Finished product 16,372 14,169 Total 104,057 75,892 |
Schedule of movements in provisions of inventories | As of As of As of December 31, December 31, December 31, Reconciliation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Beginning balance 75,892 80,930 88,174 Increase in Lower Value (1) 29,693 (3,650) (5,404) Additional Provision Differences of Inventory (2) (161) 330 (704) Increase / Decrease eventual differences and others (3) — — 1,244 Provision Used (1,367) (1,718) (2,380) Total changes 28,165 (5,038) (7,244) Final balance 104,057 75,892 80,930 |
Related party disclosures (Tabl
Related party disclosures (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Related party disclosures | |
Schedule of detailed information about related parties | Tax ID No Name Country of origin Functional currency Nature Foreign Nitratos Naturais Do Chile Ltda. Brazil Dollar Subsidiary Foreign SQM North America Corp. United States Dollar Subsidiary Foreign SQM Europe N.V. Belgium Dollar Subsidiary Foreign Soquimich European Holding B.V. Netherlands Dollar Subsidiary Foreign SQM Corporation N.V. Curacao Dollar Subsidiary Foreign SQM Comercial De México S.A. de C.V. Mexico Dollar Subsidiary Foreign North American Trading Company United States Dollar Subsidiary Foreign Administración y Servicios Santiago S.A. de C.V. Mexico Dollar Subsidiary Foreign SQM Perú S.A. (3) Peru Dollar Subsidiary Foreign SQM Ecuador S.A. Ecuador Dollar Subsidiary Foreign SQM Nitratos Mexico S.A. de C.V. Mexico Dollar Subsidiary Foreign SQMC Holding Corporation L.L.P. United States Dollar Subsidiary Foreign SQM Investment Corporation N.V. Curacao Dollar Subsidiary Foreign SQM Brasil Limitada Brazil Dollar Subsidiary Foreign SQM France S.A. France Dollar Subsidiary Foreign SQM Japan Co. Ltd. Japan Dollar Subsidiary Foreign Royal Seed Trading Corporation A.V.V. Aruba Dollar Subsidiary Foreign SQM Oceania Pty Limited Australia Dollar Subsidiary Foreign Rs Agro-Chemical Trading Corporation A.V.V. Aruba Dollar Subsidiary Foreign SQM Indonesia S.A. Indonesia Dollar Subsidiary Foreign SQM Virginia L.L.C. United States Dollar Subsidiary Foreign Comercial Caimán Internacional S.A. Panama Dollar Subsidiary Foreign SQM África Pty. Ltd. South Africa Dollar Subsidiary Foreign SQM Colombia SAS Colombia Dollar Subsidiary Foreign SQM Internacional N.V. Belgium Dollar Subsidiary Foreign SQM -Shanghai Chemicals Co. Ltd. China Dollar Subsidiary Foreign SQM Lithium Specialties LLC United States Dollar Subsidiary Foreign SQM Iberian S.A. Spain Dollar Subsidiary Foreign SQM Beijing Commercial Co. Ltd. China Dollar Subsidiary Foreign SQM Thailand Limited Thailand Dollar Subsidiary Foreign SQM Australia PTY Australia Dollar Subsidiary Foreign SQM Holland B.V. Netherlands Dollar Subsidiary Foreign SQM Korea LLC Korea Dollar Subsidiary 96.801.610-5 Comercial Hydro S.A. Chile Dollar Subsidiary 96.651.060-9 SQM Potasio S.A. Chile Dollar Subsidiary 96.592.190-7 SQM Nitratos S.A. Chile Dollar Subsidiary 96.592.180-K Ajay SQM Chile S.A. Chile Dollar Subsidiary 79.947.100-0 SQM Industrial S.A. Chile Dollar Subsidiary 79.906.120-1 Isapre Norte Grande Ltda. Chile Peso Subsidiary 79.876.080-7 Almacenes y Depósitos Ltda. Chile Peso Subsidiary Tax ID No Name Country of origin Functional currency Nature 79.770.780-5 Servicios Integrales de Tránsitos y Transferencias S.A. Chile Dollar Subsidiary 79.768.170-9 Soquimich Comercial S.A. Chile Dollar Subsidiary 79.626.800-K SQM Salar S.A. Chile Dollar Subsidiary 76.534.490-5 Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. Chile Peso Subsidiary 76.425.380-9 Exploraciones Mineras S.A. Chile Dollar Subsidiary 76.064.419-6 Comercial Agrorama Ltda. Chile Peso Subsidiary 76.145.229-0 Agrorama S.A. Chile Peso Subsidiary 76.359.919-1 Orcoma Estudios SPA Chile Dollar Subsidiary 76.360.575-2 Orcoma SPA Chile Dollar Subsidiary 76.686.311-9 SQM MaG SpA Chile Dollar Subsidiary 77.114.779-8 Sociedad Contractual Minera Bufalo Chile Dollar Subsidiary Foreign Abu Dhabi Fertilizer Industries WWL United Arab Emirates Arab Emirates dirham Associate Foreign Ajay North America United States Dollar Associate Foreign Ajay Europe SARL France Euro Associate Foreign Kore Potash PLC United Kingdom Dollar Associate Foreign SQM Vitas Fzco. United Arab Emirates Arab Emirates dirham Joint venture Foreign Covalent Lithium Pty Ltd. Australia Dollar Joint venture Foreign Pavoni & C, SPA Italy Euro Joint venture 96.511.530-7 Sociedad de Inversiones Pampa Calichera Chile Dollar Other related parties 96.529.340-K Norte Grande S.A. Chile Peso Other related parties 79.049.778-9 Callegari Agrícola S.A. Chile Peso Other related parties Foreign SQM Vitas Brasil Agroindustria (1) Brazil Brazilian real Other related parties Foreign SQM Vitas Perú S.A.C. (1) Peru Dollar Other related parties Foreign Abu Dhabi Fertilizer Industries WWL (2) United Arab Emirates United Arab Emirates dirham Other related parties Foreign International Technical and Trading Agencies CO WLL (2) United Arab Emirates United Arab Emirates dirham Other related parties |
Schedule of related parties corresponding to mining contractual corporations | Tax ID No. Name Country of origin Functional currency Relationship N/A Ara Dos Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Ara Tres Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Ara Cuatro Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Ara Cinco Primera del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Curicó Dos Primera del Salar de Pampa Alta, Sierra Gorda Chile Peso Other related parties N/A Curicó Tres Primera del Sector de Pampa Alta, Sierra Gorda Chile Peso Other related parties N/A Evelyn Veinticuatro Primera de Sierra Gorda Chile Peso Other related parties N/A Filomena Tres Primera de Oficina Filomena, Sierra Gorda Chile Peso Other related parties N/A Filomena Cuatro Primera de Oficina Filomena, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Primera de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Segunda del Salar de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Tercera de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Cuarta de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Cuatro Quinta de Pampa Blanca, Sierra Gorda Chile Peso Other related parties N/A Francis Primera del Salar de Pampa Blanca de Sierra Gorda Chile Peso Other related parties N/A Francis Segunda del Salar de Pampa Blanca de Sierra Gorda Chile Peso Other related parties N/A Francis Tercera del Salar de Pampa Blanca de Sierra Gorda Chile Peso Other related parties N/A Ivon Primera de Sierra Gorda Chile Peso Other related parties N/A Ivon Décima Segunda de Sierra Gorda Chile Peso Other related parties N/A Ivon Sexta de Sierra Gorda Chile Peso Other related parties N/A Julia Primera de Sierra Gorda Chile Peso Other related parties N/A Lorena Trigésimo Quinta de Sierra Gorda Chile Peso Other related parties N/A Perseverancia Primera de Sierra Gorda Chile Peso Other related parties N/A Tamara 40 Primera del Sector S.E. OF. Concepción, Sierra Gorda Chile Peso Other related parties N/A Tamara Tercera de Oficina Concepción, Sierra Gorda Chile Peso Other related parties N/A Tamara 4 Segunda del Sector S.E. OF Concepción, Sierra Gorda Chile Peso Other related parties |
Schedule of transactions with entities who are affiliated to the key managerial personnel | Below is a list of transactions with clients and suppliers with whom a relationship with key Company personnel was identified: Tax ID No Name Country of origin Nature 76.389.727-3 Sociedad Periodística El Libero Chile Other related parties 90.193.000-7 El Mercurio S.A.P. Chile Other related parties 92.580.000-7 Empresa Nacional de Telecomunicaciones S.A. Chile Other related parties 96.806.980-2 Entel PCS Telecomunicaciones S.A. Chile Other related parties 97.004.000-5 Banco de Chile Chile Other related parties 99.012.000-5 Compañía de Seguros de Vida Consorcio Nacional Chile Other related parties 10.581.580-8 Gonzalo Guerrero Yamamoto Chile Other related parties 96.529.340-K Norte Grande S.A. Chile Other related parties 65.204.189-2 Fundación para el desarrollo social Chile Other related parties 82.135.600-8 Instituto Chileno administración empresas Chile Other related parties |
Schedule of significant transactions with related parties | For the year ended December 31, 2022, 2021 and 2020, the detail of significant transactions with related parties is as follows For the year ended For the year ended For the year ended December December December Tax ID No Name Nature Country of origin Transaction 31, 2022 31, 2021 31, 2020 ThUS$ ThUS$ ThUS$ Foreign Doktor Tarsa Tarim Sanayi AS Associate Turkey Sale of products — — 1,053 Foreign Ajay Europe S.A.R.L. Associate France Sale of products 45,205 35,597 23,162 Foreign Ajay Europe S.A.R.L. Associate France Dividends 1,778 992 1,197 Foreign Ajay North America LL.C. Associate United States Sale of products 41,814 27,763 20,259 Foreign Ajay North America LL.C. Associate United States Dividends 1,576 1,233 1,967 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Dividends 3,000 9,438 — Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates Sale of products — — — Foreign SQM Vitas Brasil Agroindustria Other related parties Brazil Sale of products 51,748 79,086 41,341 Foreign SQM Vitas Perú S.A.C. Other related parties Perú Sale of products 58,077 17,016 17,723 Foreign Coromandel SQM India Joint venture India Sale of products — 1,814 1,510 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China Dividends — — 2,223 Foreign SQM Star Qingdao Corp Nutrition Co., Ltd. Joint venture China Sale of products — — — Foreign Terra Tarsa Ukraine LLC Other related parties Ukraine Sale of products — — 737 Foreign Pavoni & CPA Joint venture Italy Sale of products 4,138 5,359 1,125 Foreign Plantacote NV Other related parties Belgium Sale of products — — — Foreign Arpa Speciali S.R.L. Other related parties Italy Sale of products — — — Foreign Terra Tarsa Don LLC Other related parties Russian Federation Sale of products — — — Foreign SQM Eastmed Turkey Associate Turkey Sale of products — — — Chile Banco de Chile Other related parties Chile Service Provider (27,918) (20,904) — Chile Norte Grande S.A. Other related parties Chile Client 142 146 — Chile El Mercurio S.A.P. Other related parties Chile Service Provider (90) (131) — Chile Compañía de Seguros de Vida Consorcio Nacional Other related parties Chile Service Provider (31) (134) — Chile Entel PCS Telecomunicaciones S.A. Other related parties Chile Service Provider (228) (157) — Chile Empresa Nacional de Telecomunicaciones Other related parties Chile Service Provider (1,746) (2,393) — Chile Gonzalo Guerrero Yamamoto Other related parties Chile Service Provider (19) (79) — Chile Instituto Chileno administración empresas Other related parties Chile Service Provider (46) — — Chile Fundación para el desarrollo social Other related parties Chile Service Provider (7) — — |
Schedule of trade receivables due from related parties | 11.5 As of As of December 31, December 31, Tax ID No Name Nature Country of origin Currency 2022 2021 ThUS$ ThUS$ Foreign Ajay Europe S.A. R.L. Associate France Euro 7,967 7,567 Foreign Ajay North America LLC. Associate United States of America Dollar 8,354 3,350 Foreign Abu Dhabi Fertilizer Industries WWL Associate United Arab Emirates United Arab Emirates Dirham — 2,477 96.511.530-7 Soc. de Inversiones Pampa Calichera Other related parties Chile Dollar 5 5 Foreign SQM Vitas Brasil Agroindustria Other related parties Brazil Dollar 32,054 55,119 Foreign SQM Vitas Perú S.A.C. Other related parties Peru Dollar 31,081 14,684 Foreign SQM Vitas Fzco. Joint venture United Arab Emirates United Arab Emirates Dirham 232 232 Foreign Pavoni & C SpA Joint venture Italy Euro 888 804 Foreign Covalent Lithium Pty Ltd. Joint venture Australia Australian dollar 1,041 1,914 Total 81,622 86,152 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial instruments | |
Schedule of other current and non-current financial assets | 12.1 As of As of December 31, December 31, Description of other financial assets 2022 2021 ThUS$ ThUS$ Financial assets at amortized cost (1) 950,167 905,170 Derivative financial instruments - For hedging 7,014 12,625 - Non-hedging (2) 4,174 1,254 Total other current financial assets 961,355 919,049 Financial assets at fair value through other comprehensive income (4) (5) 9,497 8,932 Derivative financial instruments - For hedging 22,606 245 Other financial assets at amortized cost 23 91 Total other non-current financial assets 32,126 9,268 |
Schedule of detailed information about other non-current financial assets | |
Schedule of trade and other receivables | 12.2 Trade and other receivables As of December 31, 2022 As of December 31, 2021 Trade and other receivables Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Trade receivables, current 1,002,223 — 1,002,223 590,312 — 590,312 Prepayments, current 38,709 — 38,709 49,168 — 49,168 Other receivables, current 16,648 2,091 18,739 14,210 6,172 20,382 Guarantee deposits (1) 29,840 — 29,840 383 — 383 Total trade and other receivables 1,087,420 2,091 1,089,511 654,073 6,172 660,245 See discussion about credit risk in Note 4.2. As of December 31, 2022 As of December 31, 2021 Impairment Impairment Gross provision for Trade receivables, Gross provision for Trade receivables, Trade and other receivables receivables doubtful receivables net receivables doubtful receivables net ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Receivables related to credit operations, current 1,006,982 (4,759) 1,002,223 600,664 (10,352) 590,312 Prepayments, current 39,493 (784) 38,709 49,952 (784) 49,168 Other receivables, current 19,920 (3,272) 16,648 17,073 (2,863) 14,210 Guarantee deposits (1) 29,840 — 29,840 383 — 383 Other receivables, non-current 2,091 — 2,091 6,172 — 6,172 Total trade and other receivables 1,098,326 (8,815) 1,089,511 674,244 (13,999) 660,245 |
Schedule of financial assets that are either past due or impaired | As of December 31, 2022 Portfolio analysis Number of customers with Gross non-renegotiated Number of customers with Gross renegotiated Past due segments non-renegotiated portfolio portfolio ThUS$ renegotiated portfolio portfolio ThUS$ Current 997 967,853 12 276 1 - 30 days 149 30,116 4 71 31 - 60 days 25 1,352 2 105 61 - 90 days 2 2,632 3 704 91 - 120 days 10 235 — — 121 - 150 days 1 84 — — 151 - 180 days 2 180 1 7 181 - 210 days 4 67 2 27 211 - 250 days 7 192 3 54 >250 days 76 2,726 55 301 Total 1,273 1,005,437 82 1,545 As of December 31, 2021 Portfolio analysis non-renegotiated portfolio Gross non-renegotiated Number of customers with Gross renegotiated Past due segments Number of customers with portfolio ThUS$ renegotiated portfolio portfolio ThUS$ Current 1,279 570,899 7 130 1 - 30 days 112 22,632 — — 31 - 60 days 18 2,114 — — 61 - 90 days 11 1,015 — — 91 - 120 days 7 202 — — 121 - 150 days 3 43 — — 151 - 180 days 3 4 — — 181 - 210 days 3 130 — — 211 - 250 days 1 1 2 4 >250 days 80 2,597 117 893 Total 1,517 599,637 126 1,027 |
Schedule of impairment provision for doubtful receivables | As of December 31, 2022 Trade accounts receivable days past due Trade receivables due from related Trade and other receivables Current 1 to 30 days 31 to 60 days 61 to 90 days Over 90 days Trade parties ThUS$ ThUS$ Expected Loss Rate on — % 1 % 7 % 6 % 81 % — — Total Gross Book Value 968,129 30,187 1,457 3,336 3,873 1,006,982 83,000 Impairment Estimate 948 391 108 186 3,126 4,759 1,378 As of December 31, 2021 Trade accounts receivable days past due Trade receivables 61 to 90 Over 90 due from related Trade and other receivables Current 1 to 30 days 31 to 60 days days days Trade parties ThUS$ ThUS$ Expected Loss Rate on 1 % 8 % 32 % 34 % 71 % — — Total Gross Book Value 571,029 22,633 2,113 1,015 3,874 600,664 86,869 Impairment Estimate 4,724 1,856 673 346 2,753 10,352 717 |
Schedule of movements in provisions | As of December 31, 2022, and 2021, movements in provisions are as follows: As of As of December 31, December 31, Provisions 2022 2021 ThUS$ ThUS$ Impairment provision of Accounts receivable at the beginning of the year 14,716 27,273 Increase (decrease) impairment of accounts receivable (3,369) 235 Write-off of receivables — (11,091) Difference in exchange rate (1,154) (1,701) Impairment provision of Accounts Receivable Provision at the end of the year 10,193 14,716 (1) Trade and other Receivables Provision 4,759 10,352 (2) Current other Receivables Provision 4,056 3,647 (3) Trade receivables with related parties, current Provision 1,378 717 Recovery of Insurance — 210 Impairment provision of Accounts Receivable 10,193 14,716 Renegotiated receivables 356 910 Non-renegotiated receivables 9,837 13,806 |
Schedule of derivative financial instruments classified as hedges | Hedging Reserve in As of December 31, 2022 Assets Liabilities Total Realized Gross Equity (1) Type of Instrument: Cross currency interest rate swaps UF/CLP Cash flow hedge derivatives Short term 7,014 42,754 — — Long term 15,467 19,772 — — Subtotal 22,481 62,526 (12,939) (27,106) Type of Instrument: Forwards Non-hedging derivates disbursement SQM Australia Pty Long term 7,139 — — 7,139 Subtotal 7,139 — — 7,139 Underlying Investments Hedge 29,620 62,526 (12,939) (19,967) Type of Instrument: Forwards/Options Non-hedge derivates with effect on income Short term 4,174 5,816 — — Underlying Investments Hedge 4,174 5,816 38,653 — Total Instruments 33,794 68,342 25,714 (19,967) Hedging Reserve in As of December 31, 2021 Assets Liabilities Total Realized Gross Equity (1) Type of Instrument: Cross currency interest rate swaps UF/CLP Cash flow hedge derivatives Short term 12,625 8,954 — — Long term 245 72,900 — — Underlying Debt Hedge 12,870 81,854 (22,455) (46,529) Type of Instrument: Forwards/Options Non-hedge derivatives with effect on income Short term 1,254 1,672 — — Underlying Investments Hedge 1,254 1,672 4,694 — Total Instruments 14,124 83,526 (17,761) (46,529) |
Schedule of asset and liability hedging derivatives | Reconciliation of asset and As of December Cash Flow Income Statement Equity and Others As of December liability hedging derivatives 31, 2021 31, 2022 Hedge-to-debt derivatives (81,597) 8,616 37,494 25,426 (10,061) Hedging derivatives to investment 12,613 (52,698) 16,104 (6,003) (29,984) Non-hedging derivatives disbursement SQM Australia Pty — 2,022 — 5,117 7,139 Non-hedging derivatives (418) (39,878) 38,653 — (1,643) Reconciliation of asset and As of December Cash Flow Income Statement Equity and Others As of December liability hedging derivatives 31, 2020 31, 2021 Hedge-to-debt derivatives 18,070 6,478 (52,254) (53,891) (81,597) Hedging derivatives to investment (21,004) 9,405 23,083 1,129 12,613 Non-hedging derivatives (2,784) (2,327) 4,693 — (418) |
Schedule of derivative contract maturities | Series Contract amount Currency Maturity date ThUS$ H 105,828 UF 01/04/2023 O 58,748 UF 02/01/2030 P 134,228 UF 01/15/2028 Q 106,933 UF 06/01/2030 |
Schedule of financial liabilities | As of December 31, 2022 and 2021, the detail is as follows: As of December 31, 2022 As of December 31, 2021 Other current and non-current financial liabilities Currents Non-Current Total Currents Non-Current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Liabilities at amortized cost Bank borrowings 130,840 197,522 328,362 85 69,613 69,698 Unsecured obligations 343,589 2,176,924 2,520,513 40,594 2,445,219 2,485,813 Derivative financial instruments For hedging 42,754 19,772 62,526 8,954 72,900 81,854 Non-Hedging 5,816 — 5,816 1,672 — 1,672 Total 522,999 2,394,218 2,917,217 51,305 2,587,732 2,639,037 |
Schedule of information about short-term bank borrowings | As of December 31, 2022, the detail of this caption is as follows: Debtor Payment of Creditor interest Currency or adjustment Payment of Tax ID No. Company Country Tax ID No. Financial institution Country index Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Upon maturity 05/30/2023 0.97 % 5.22 % 93.007.000-9 SQM S.A. Chile 97.023.000-9 Itaú Chile US$ Upon maturity 01/05/2023 4.50 % 4.50 % 93.007.000-9 SQM S.A. Chile 97.030.000-7 Banco Estado Chile US$ Upon maturity 01/05/2023 4.59 % 4.59 % Debtor Creditor Nominal amounts as of December 31, 2022 Current amounts as of December 31, 2022 90 days to 1 Borrowing Company Financial institution Up to 90 days 90 days to 1 year Total Up to 90 days year Subtotal costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — 70,000 70,000 — 70,393 70,393 (149) 70,244 SQM S.A. Itaú 20,000 — 20,000 20,062 20,062 20,062 SQM S.A. Banco Estado 40,000 — 40,000 40,128 40,128 40,128 SQM S.A. Scotiabank — — — 406 406 406 Total 60,000 70,000 130,000 60,596 70,393 130,989 (149) 130,840 On December 21, 2022, the Company signed a loan agreement with The Export-Import Bank of Korea (“Kexim”) and Banco Santander S.A., with the latter acting as Kexim’s Facility Agent, and the initial disbursement of funds became effective on January 10, 2023 for a value of US$10 million. The total loan amount is up to MMUS$ 100. As of December 31, 2022, no disbursement had been made. As of December 31,2021 Debtor Creditor Currency or adjustment Tax ID No Company Country Tax ID No. Financial institution Country index Repayment maturity Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Upon maturity 05/31/2022 0.82 % 1.36 % Debtor Creditor Nominal amounts as of December 31, 2021 Current amounts as of December 31, 2021 90 days to 90 days to 1 Borrowing Up to 90 days 1 year Total Up to 90 days year Subtotal costs Total Company Financial institution ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — — — 85 — 85 — 85 Total — — — 85 — 85 — 85 |
Schedule of current maturities of unsecured obligations | As of December 31, 2022, and 2021, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds, as follows: Debtor Number of Currency or Periodicity registration or ID adjustment Payment of Tax ID No. Company Country of the instrument Series Maturity date index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2023 US$ Semiannual Upon maturity 1.17 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$300 04/03/2023 US$ Semiannual Upon maturity 0.56 % 3.63 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2023 US$ Semiannual Upon maturity 3.01 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2023 US$ Semiannual Upon maturity 3.79 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 03/10/2023 US$ Semiannual Upon maturity 3.44 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2023 UF Semiannual Semiannual 1.23 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/01/2023 UF Semiannual Upon maturity 1.89 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2023 UF Semiannual Upon maturity 1.72 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2023 UF Semiannual Upon maturity 2.63 % 3.45 % Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements. Nominal amounts as of December 31, 2022 Carrying amounts of maturities as of December 31, 2022 Up to 90 90 days to 1 90 days to 1 Borrowing Company Country Series days year Total Up to 90 days year Subtotal costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Chile MUS$250 4,648 — 4,648 4,648 — 4,648 (433) 4,215 SQM S.A. Chile MUS$300 — 302,658 302,658 — 302,658 302,658 (170) 302,488 SQM S.A. Chile MUS$450 — 2,869 2,869 — 2,869 2,869 (679) 2,190 SQM S.A. Chile MUS$400 7,508 — 7,508 7,508 — 7,508 (237) 7,271 SQM S.A. Chile MUS$700 — 7,554 7,554 — 7,554 7,554 (555) 6,999 SQM S.A. Chile H 17,566 — 17,566 17,566 — 17,566 (172) 17,394 SQM S.A. Chile O 965 — 965 965 — 965 (82) 883 SQM S.A. Chile P 1,830 — 1,830 1,830 — 1,830 (12) 1,818 SQM S.A. Chile Q — 351 351 — 351 351 (20) 331 Total 32,517 313,432 345,949 32,517 313,432 345,949 (2,360) 343,589 Debtor Number of Currency or Periodicity registration or ID adjustment Payment of Tax I No. Company Country of the instrument Series Maturity date index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2022 US$ Semiannual Upon maturity 1.56 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$300 04/03/2022 US$ Semiannual Upon maturity 0.74 % 3.63 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2022 US$ Semiannual Upon maturity 3.23 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2022 US$ Semiannual Upon maturity 4.00 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 03/10/2022 US$ Semiannual Upon maturity 3.62 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2022 UF Semiannual Semiannual 1.75 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/15/2022 UF Semiannual Upon maturity 2.06 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2022 UF Semiannual Upon maturity 2.04 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2022 UF Semiannual Upon maturity 2.72 % 3.45 % Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements. Nominal amounts as of December 31, 2021 Carrying amounts of maturities as of December 31, 2021 Up to 90 90 days to 1 90 days to Company Country Series days year Total Up to 90 days 1 year Subtotal Borrowing costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Chile MUS$250 4,648 — 4,648 4,648 — 4,648 (433) 4,215 SQM S.A. Chile MUS$300 — 2,658 2,658 — 2,658 2,658 (614) 2,044 SQM S.A. Chile MUS$450 — 2,869 2,869 — 2,869 2,869 (679) 2,190 SQM S.A. Chile MUS$400 7,508 — 7,508 7,508 — 7,508 (237) 7,271 SQM S.A. Chile MUS$700 6,874 — 6,874 6,874 — 6,874 (552) 6,322 SQM S.A. Chile H 16,026 — 16,026 16,026 — 16,026 (172) 15,854 SQM S.A. Chile O 863 — 863 863 — 863 (82) 781 SQM S.A. Chile P 1,636 — 1,636 1,636 — 1,636 (12) 1,624 SQM S.A. Chile Q — 314 314 — 314 314 (21) 293 Total 37,555 5,841 43,396 37,555 5,841 43,396 (2,802) 40,594 |
Schedule of non-current bank borrowings | The following table shows the details of bank loans as of December 31, 2022: Debtor Creditor Currency or Type of Tax ID No. Company Country Tax ID No. Financial institution Country adjustment index amortization Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Upon Maturity 2.33 % 3.19 % 93.007.000-9 SQM S.A. Chile O-E Scotiabank Canadá US$ Upon Maturity 5.10 % 6.08 % Debtor Creditor Nominal non-current maturities as ofDecember 31, 2022 Carrying amounts of maturities as of December 31, 2022 Costs of Between 2 Between 3 Between 1 Between 2 Between 3 obtaining Company Financial institution Between 1 and 2 and 3 and 4 Total and 2 and 3 and 4 Subtotal loans Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — — — — — — — — SQM S.A. Scotiabank — 200,000 — 200,000 — 200,000 — 200,000 (2,478) 197,522 Total — 200,000 — 200,000 — 200,000 — 200,000 (2,478) 197,522 As of December 31, 2021 Debtor Creditor Currency or Type of Tax ID No. Company Country Tax ID No. Financial institution Country adjustment index amortization Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile O-E Scotiabank Cayman USA US$ Maturity 2.05 % 1.36 % Debtor Creditor Nominal non-current maturities as of December 31, 2021 Carrying amounts of maturities as of December 31, 2021 Costs of Between 2 Between 3 Between 1 Between 2 Between 3 obtaining Company Financial institution Between 1 and 2 and 3 and 4 Total and 2 and 3 and 4 Subtotal loans Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. Scotiabank Cayman — 70,000 — 70,000 — 70,000 — 70,000 (387) 69,613 Total — 70,000 — 70,000 — 70,000 — 70,000 (387) 69,613 |
Schedule of information about non-current maturities of unsecured obligations | The following table shows the details of “unsecured debentures that accrue non-current interest” as of December 31, 2022: Debtor Number of Periodicity registration or ID of Currency or Payment of Tax ID No. Company Country the instrument Series Maturity date adjustment index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2025 US$ Semiannual Upon maturity 4.08 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2029 US$ Semiannual Upon maturity 4.10 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2050 US$ Semiannual Upon maturity 4.19 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 09/10/2051 US$ Semiannual Upon maturity 3.42 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2030 UF Semiannual Semiannual 4.76 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/01/2033 UF Semiannual Upon maturity 3.69 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2028 UF Semiannual Upon maturity 3.24 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2038 UF Semiannual Upon maturity 3.43 % 3.45 % Nominal non-current maturities as of December 31, 2022 Carrying amounts of maturities as of December 31, 2022 Bond Over 1 Over 2 Over 3 Over 4 Over 5 Over 1 Over 2 Over 3 Over 4 Over 5 issuance Series year to 2 years to 3 Years to 4 Years to 5 years Total year to 2 years to 3 Years to 4 Years to 5 years Subtotal 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 (469) 249,531 MUS$450 — — — — 450,000 450,000 — — — — 450,000 450,000 (3,666) 446,334 MUS$400 — — — — 400,000 400,000 — — — — 400,000 400,000 (6,112) 393,888 MUS$700 — — — — 700,000 700,000 — — — — 700,000 700,000 (15,341) 684,659 H — — — — 96,967 96,967 — — — — 96,967 96,967 (1,034) 95,933 O — — — — 61,536 61,536 — — — — 61,536 61,536 (741) 60,795 P — — — — 123,072 123,072 — — — — 123,072 123,072 (52) 123,020 Q — — — — 123,073 123,073 — — — — 123,073 123,073 (309) 122,764 Total — — 250,000 — 1,954,648 2,204,648 — — 250,000 — 1,954,648 2,204,648 (27,724) 2,176,924 As of December 31,2021 Debtor Number of Currency or Periodicity registration or ID adjustment Payment of Tax ID No. Company Country of the instrument Series Maturity date index interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. Chile — MUS$250 01/28/2025 US$ Semiannual Upon maturity 4.08 % 4.38 % 93.007.000-9 SQM S.A. Chile — MUS$300 04/03/2023 US$ Semiannual Upon maturity 3.42 % 3.63 % 93.007.000-9 SQM S.A. Chile — MUS$450 05/07/2029 US$ Semiannual Upon maturity 4.10 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$400 01/22/2050 US$ Semiannual Upon maturity 4.19 % 4.25 % 93.007.000-9 SQM S.A. Chile — MUS$700 10/09/2051 US$ Semiannual Upon maturity 3.43 % 3.50 % 93.007.000-9 SQM S.A. Chile 564 H 01/05/2030 UF Semiannual Semiannual 4.76 % 4.90 % 93.007.000-9 SQM S.A. Chile 699 O 02/01/2033 UF Semiannual Upon maturity 3.69 % 3.80 % 93.007.000-9 SQM S.A. Chile 563 P 01/15/2028 UF Semiannual Upon maturity 3.24 % 3.25 % 93.007.000-9 SQM S.A. Chile 700 Q 06/01/2038 UF Semiannual Upon maturity 3.43 % 3.45 % Nominal non-current maturities as of December 31, 2021 Carrying amounts of maturities as of December 31, 2021 Bond Over 1 Over 2 Over 3 Over 4 Over 5 Over 1 Over 2 Over 3 Over 4 Over 5 issuance Series year to 2 years to 3 Years to 4 Years to 5 years Total year to 2 years to 3 Years to 4 Years to 5 years Subtotal 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 (903) 249,097 MUS$300 300,000 — — — — 300,000 300,000 — — — — 300,000 (168) 299,832 MUS$450 — — — — 450,000 450,000 — — — — 450,000 450,000 (4,343) 445,657 MUS$400 — — — — 400,000 400,000 — — — — 400,000 400,000 (6,347) 393,653 MUS$700 — — — — 700,000 700,000 — — — — 700,000 700,000 (15,836) 684,164 H — — — — 100,064 100,064 — — — — 100,064 100,064 (1,206) 98,858 O — — — — 55,035 55,035 — — — — 55,035 55,035 (822) 54,213 P — — — — 110,070 110,070 — — — — 110,070 110,070 (65) 110,005 Q — — — — 110,070 110,070 — — — — 110,070 110,070 (330) 109,740 Total 300,000 — 250,000 — 1,925,239 2,475,239 300,000 — 250,000 — 1,925,239 2,475,239 (30,020) 2,445,219 |
Schedule of payments charged to Series H bonds | For the periods ended December 31, 2022, and 2021, the Company has made the following payments with a charge to the Series H bonds and their associated CCS hedging: As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series H bonds 5,241 6,661 6,601 CCS Coverage 2,126 1,598 2,575 |
Schedule of payments charged to single series bonds, second issue | For the periods ended December 31, 2022 and 2021, the detail of payments charged to the line of single series bonds, second issue is as follows. As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest — — 6,875 |
Schedule of payments charged to Series O bonds | For the periods ended December 31, 2022, and 2021, the Company has made the following payments with a charge to Series O bonds and their associated CCS hedging: As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series O bonds 2,139 2,225 2,070 CCS Coverage 556 438 599 |
Schedule of payments charged to single series bonds, third issue | For the periods ended December 31, 2022, and 2021, the following payments have been made with a debit to the line of single-series bonds, third issue: As of As of As of December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 10,875 10,875 10,875 |
Schedule of payments charged to single series bonds, fourth issue | For the periods ended on December 31, 2022 and 2021, the following payments have been made. December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 10,938 10,938 10,938 |
Schedule of payments charged to Series P bonds | For the periods ended on December 31, 2022 and 2021, the following payments and their associated CCS have been made: December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series P bonds 3,385 3,835 3,534 CCS Coverage 3,569 3,119 3,439 |
Schedule of payments charged to Series Q bonds | For the periods ended December 31, 2022 and 2021, the following payments have been made: December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest, Series Q bonds 4,032 3,990 3,769 CCS Coverage 1,877 1,919 1,021 |
Schedule of payments charged to single series bonds, fifth issue | For the periods ended on December 31, 2022 and 2021, the following payments have been made: December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 19,125 19,125 19,125 |
Schedule of payments charged to single series bonds, sixth issue | For the periods ended on December 31, 2022 and 2021, the following payments have been made: December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 17,000 17,000 8,500 |
Schedule of payments charged to single series bonds, seventh issue | December 31, December 31, December 31, Payments made 2022 2021 2020 ThUS$ ThUS$ ThUS$ Payments of interest 23,819 — — |
Schedule of trade and other payables | a) Details trade and other payables As of December 31, 2022 As of December 31, 2021 Details trade and other payables Current Non-current Current Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Accounts payable 373,351 — 373,351 279,092 — 279,092 Other accounts payable 1,438 — 1,438 558 — 558 Prepayments from customers — — — — 3,813 3,813 Total 374,789 — 374,789 279,650 3,813 283,463 |
Schedule of suppliers current and past due on payments | Amounts according to payment periods as of December 31, 2022 366 and Up to 30 31 – 60 61 – 90 91 – 120 121 – 365 more Type of Supplier Days days Days days days days Total ThUS$ Goods 239,108 786 877 339 — — 241,110 Services 91,499 1,270 73 — 65 — 92,907 Others 34,325 — — — — — 34,325 Total 364,932 2,056 950 339 65 — 368,342 Amounts according to payment periods as of December 31, 2021 366 and Up to 30 31 - 60 61 – 90 91 – 120 121 – 365 more Type of Supplier Days days Days days days days Total ThUS$ Goods 148,045 1,799 1,425 — 120 3,813 155,202 Services 80,089 335 109 2 78 — 80,613 Others 31,949 — — — — — 31,949 Total 260,083 2,134 1,534 2 198 3,813 267,764 Suppliers past due on payments Amounts according to payment periods as of December 31, 2022 366 and Up to 30 31 – 60 61 – 90 91 – 120 121 – 365 more Type of Supplier Days days Days days days days Total ThUS$ Goods 1,294 135 64 24 1,363 — 2,880 Services 1,548 174 20 1 196 — 1,939 Others 136 27 — — 27 — 190 Total 2,978 336 84 25 1,586 — 5,009 Amounts according to payment periods as of December 31, 2021 366 and Up to 30 31 – 60 61 – 90 91 – 120 121 – 365 more Type of Supplier Days days Days days days days Total ThUS$ Goods 7,688 30 5 1 37 — 7,761 Services 4,055 108 533 34 181 — 4,911 Others 2,340 16 73 35 5 — 2,469 Total 14,083 154 611 70 223 — 15,141 |
Schedule of detailed information about financial assets | a) Financial Assets As of December 31, 2022 As of December 31, 2021 Description of financial assets Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Cash and cash equivalent 2,655,236 — 2,655,236 1,515,051 — 1,515,051 Trade receivables due from related parties at amortized cost 81,622 — 81,622 86,152 — 86,152 Financial assets measured at amortized cost 950,167 23 950,190 905,170 91 905,261 Trade and other receivables 1,087,420 2,091 1,089,511 654,073 6,172 660,245 Total financial assets measured at amortized cost 4,774,445 2,114 4,776,559 3,160,446 6,263 3,166,709 Financial instruments for hedging purposes 7,014 — 7,014 12,625 245 12,870 Financial instruments held for trading 4,174 — 4,174 1,254 — 1,254 Financial assets classified as available for sale at fair value through equity — 9,497 9,497 — 8,932 8,932 Total financial assets at fair value 11,188 9,497 20,685 13,879 9,177 23,056 Total financial assets 4,785,633 11,611 4,797,244 3,174,325 15,440 3,189,765 |
Schedule of detailed information about financial liabilities | b) Financial Liabilities As of December 31, 2022 As of December 31, 2021 Description of financial liabilities Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ For hedging purposes through equity 42,754 19,772 62,526 8,954 72,900 81,854 Held for trading at fair value through profit or loss 5,816 — 5,816 1,672 — 1,672 Financial liabilities at fair value 48,570 19,772 68,342 10,626 72,900 83,526 Bank loans 130,840 197,522 328,362 85 69,613 69,698 Unsecured obligations 343,589 2,176,924 2,520,513 40,594 2,445,219 2,485,813 Lease Liabilities 12,149 49,585 61,734 7,704 46,519 54,223 Trade and other payables 374,789 — 374,789 279,650 3,813 283,463 Total financial liabilities at amortized cost 861,367 2,424,031 3,285,398 328,033 2,565,164 2,893,197 Total financial liabilities 909,937 2,443,803 3,353,740 338,659 2,638,064 2,976,723 |
Schedule of fair value measurement of assets and liabilities | As of December 31, 2022 Measurement Methodology Fair value Carrying Amount at (disclosure Fair amount Fair value measurement of assets and liabilities Amortized Cost purposes) registered Level 1 Level 2 Level 3 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Financial Assets Cash and cash equivalents 2,655,236 2,655,236 — 2,655,236 — — Other current financial assets - Time deposits 950,167 950,167 — — 950,167 — - Derivative financial instruments — — — — — - Forwards — — 3,704 — 3,704 — - Options — — 470 — 470 — - Hedging assets — — 7,014 — 7,014 — - Swaps — — — — — — Non-current accounts receivable 2,091 2,091 — — — — Other non-current financial assets: - Other 23 23 — — 23 — - Equity instruments — — 9,497 9,497 — — - Hedging assets – Swaps — — 22,606 22,606 — — Other current financial liabilities - Bank borrowings 130,840 130,840 — — 130,840 — - Derivative instruments — — — — — — - Forwards — — 4,848 — 4,848 — - Options — — 968 — 968 — - Hedging liabilities – Swaps — — 42,754 — 42,754 — - Swaps hedges, investments — — — — — — - Unsecured obligations 343,589 343,589 — — 343,589 — Other non-current financial liabilities - Bank borrowings 197,522 196,598 — — 196,598 — - Unsecured obligations 2,176,924 2,476,924 — — 2,476,924 — - Non-current hedging liabilities — — 19,772 — 19,772 — As of December 31, 2021 Measurement Methodology Fair value Carrying Amount at (disclosure Fair amount Fair value measurement of assets and liabilities Amortized Cost purposes) registered Level 1 Level 2 Level 3 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Financial Assets Cash and cash equivalents 1,515,051 1,515,051 — — 1,515,051 — Other current financial assets - Time deposits 905,170 905,170 — — 905,170 — - Derivative financial instruments - Forwards — — 1,031 — 1,031 — - Options — — 223 — 223 — - Hedging assets — — — — — — - Swaps — — 12,625 — 12,625 — Non-current accounts receivable 6,172 6,172 — — — — Other non-current financial assets: - Other 91 91 — — 91 — - Equity instruments — — 9,177 9,177 — — - Hedging assets – Swaps — — — — — — Other current financial liabilities - Bank borrowings 85 85 — — 85 — - Derivative instruments — — — — — — - Forwards — — 1,270 — 1,270 — - Options — — 402 — 402 — - Hedging liabilities – Swaps — — 8,954 — 8,954 — - Swaps hedges, investments — — — — — — - Unsecured obligations 40,594 40,594 — — 40,594 — Other non-current financial liabilities - Bank borrowings 69,613 70,497 — — 70,497 — - Unsecured obligations 2,445,219 2,871,005 — — 2,871,005 — - Non-current hedging liabilities — — 72,900 — 72,900 — |
Schedule of net debt | As of As of December 31, December 31, Net debt 2022 2021 ThUS$ ThUS$ Cash and cash equivalents 2,655,236 1,515,051 Other current financial assets 961,355 919,049 Other non-current financial hedge assets 22,606 245 Other current financial liabilities (522,999) (51,305) Lease liabilities current (12,149) (7,704) Other non-current financial liabilities (2,394,218) (2,587,732) Non-current Lease liabilities (49,585) (46,519) Total 660,246 (258,915) |
Schedule of detailed information about changes in net debt | As of From cash flow Not from cash flow As of December 31, Amounts from Amounts from Other cash Interests Exchange rate Fair value December 31, Net debt 2020 loans interests income/expenses differences 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Obligations with the public and bank loans (1,922,864) (685,130) 75,578 16,570 (84,138) 44,473 — (2,555,511) Current and non-current lease liabilities (31,074) 7,960 1,587 — (32,877) 181 — (54,223) Financial instruments derived from hedging 18,070 (760) 7,238 — (52,254) — (53,891) (81,597) Derivatives from other financial non-hedge assets (2,784) — — (2,327) 4,693 — — (418) Current and non-current financial liabilities (1,938,652) (677,930) 84,403 14,243 (164,576) 44,654 (53,891) (2,691,749) Cash and cash equivalents 509,102 — — 1,022,061 — (16,112) 1,515,051 Deposits that do not qualify as cash and cash equivalents 345,459 — (2,747) 585,106 4,668 (27,316) — 905,170 Derivatives from hedge assets (21,004) — — 9,405 23,083 — 1,129 12,613 Total (1,105,095) (677,930) 81,656 1,630,815 (136,825) 1,226 (52,762) (258,915) |
Right-of-use assets and Lease_2
Right-of-use assets and Lease liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Right-of-use assets and Lease liabilities | |
Schedule of right-of-use assets | 13.1 Other Reconciliation of changes property, Machinery, in right-of-use assets as of plant and Transport plant and December 31, 2022, net value Land Buildings equipment equipment equipment Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance 17,353 20,951 — 2,578 11,726 52,608 Additions 1,599 736 — 186 16,675 19,196 Depreciation expenses (12) (3,846) — (965) (4,383) (9,206) Transfer to property, plant and equipment (622) — — — (1,114) (1,736) Other increases / decreases 2 (2) — 6 (1) 5 Total changes 967 (3,112) — (773) 11,177 8,259 Closing balance 18,320 17,839 — 1,805 22,903 60,867 Other Reconciliation of changes property, Machinery, in right-of-use assets as of plant and Transport plant and December 31, 2021, net value Land Buildings equipment equipment equipment Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening Balance — 23,377 — 2,479 4,168 30,024 Additions 17,552 1,209 — 862 12,203 31,826 Depreciation expenses (199) (3,635) — (763) (4,109) (8,706) Other increases / decreases — — — — (536) (536) Total changes 17,353 (2,426) — 99 7,558 22,584 Closing balance 17,353 20,951 — 2,578 11,726 52,608 |
Schedule of lease liabilities | As of December 31, 2022 As of December 31, 2021 Lease liabilities Current Non-Current Current Non-Current ThUS$ ThUS$ ThUS$ ThUS$ Lease liabilities 12,149 49,585 7,704 46,519 Total 12,149 49,585 7,704 46,519 |
Schedule of current and non-current lease liabilities | i) Current and non-current lease liabilities Debtor Creditor Contract Type of Maturity Tax ID No. Company Country TAX ID No. Supplier Country indexation unit amortization date Effective rate 79.626.800-K SQM Salar S.A. Chile 83.776.000-3 Empresa Constructora Contex Ltda. Chile UF Monthly 03-31-2025 5.39% 79.626.800-K SQM Salar S.A. Chile 76.327.820-4 Maquinaria Astudillo y Hermanos Ltda. Chile UF Monthly 01-08-2026 2.89% 79.626.800-K SQM Salar S.A. Chile 76.005.787-8 Obras y Servicios para la Industria y Minería S.A. Chile Peso Monthly 12-15-2026 2.61% 79.626.800-K SQM Salar S.A. Chile 76.976.580-8 Sociedad Comercial Grandleasing Chile Ltda Chile UF Monthly 06-01-2026 0.00% 79.626.800-K SQM Salar S.A. Chile 76.327.820-4 Maquinaria Astudillo y Hermanos Ltda. Chile Peso Monthly 11-24-2025 2.89% 79.626.800-K SQM Salar S.A. Chile 76.158.471-5 Sociedad Inmobiliaria Amaru SpA Chile UF Monthly 07-11-2023 2.00% 79.626.800-K SQM Salar S.A. Chile 76.327.820-4 Maquinaria Astudillo y Hermanos Ltda. Chile UF Monthly 06-01-2026 3.26% 79.626.800-K SQM Salar S.A. Chile 76.951.498-8 Inversiones y Gestión New Energy SpA Chile UF Monthly 04-01-2024 0.00% 79.626.800-K SQM Salar S.A. Chile 76.536.499-K Jungheinrich Rentalift SpA Chile UF Monthly 05-01-2028 2.90% 79.626.800-K SQM Salar S.A. Chile 83.472.500-2 Tattersall Maquinarias S.A. Chile UF Monthly 05-01-2028 2.90% 79.947.100-0 SQM Industrial S.A. Chile 96.856.400-5 El Trovador S.A. Chile UF Monthly 02-08-2030 3.10% 79.947.100-0 SQM Industrial S.A. Chile 76.976.580-8 Sociedad Comercial Grandleasing Chile Ltda Chile UF Monthly 08-26-2024 2.72% 79.947.100-0 SQM Industrial S.A. Chile 76.536.499-K Jungheinrich Rentalif SPA Chile UF Monthly 10-07-2024 3.49% 79.947.100-0 SQM Industrial S.A. Chile 76.320.186-4 Tecno Fast S.A. Chile UF Monthly 12-31-2022 1.44% 96.592.190-7 SQM Nitratos S.A. Chile 76.536.499-K Jungheinrich Rentalif SPA Chile UF Monthly 10-07-2024 3.49% 93.007.000-9 SQM S.A. Chile 76.536.499-K Jungheinrich Rentalif SPA Chile UF Monthly 10-07-2024 3.49% 79.768.170-9 Soquimich Comercial S.A. Chile 96.662.540-6 Containers Operators S.A. Chile UF Monthly 12-31-2022 0.81% 79.768.170-9 Soquimich Comercial S.A. Chile 76.729.932-K SAAM Logistics S.A. Chile UF Monthly 08-01-2022 0.81% 79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 07-06-2023 1.30% 79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 07-06-2023 1.30% 79.768.170-9 Soquimich Comercial S.A. Chile 76.722.280-7 Inmobiliaria Chincui SPA Chile UF Monthly 05-01-2028 3.38% 79.768.170-9 Soquimich Comercial S.A. Chile 96.565.580-8 Compañía de Leasing Tattersall S.A. Chile UF Monthly 07-05-2025 2.97% 79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 03-01-2029 4.11% Debtor Creditor Contract Type of Maturity Tax ID No. Company Country TAX ID No. Supplier Country indexation unit amortization date Effective rate 76.359.919-1 Orcoma SpA Chile 70.017.320-8 Obispado de Iquique Chile Peso Monthly 07-12-2036 6.16% 76.359.919-1 Orcoma SpA Chile 73.190.800-1 Comunidad Indígena Aymara Pueblo de Pisiga Choque Chile UF Monthly 07-12-2024 2.53% 76.359.919-1 Orcoma SpA Chile 6.848.218-6 Ruth del Carmen Cortez Maturana Chile Peso Monthly 07-12-2031 7.44% Foreign SQM North America Corp. USA Foreign Paces West LL. USA Dollar Monthly 12-31-2027 3.36% Foreign SQM North America Corp. USA Foreign Hawkins Nunmber One, LLC USA Dollar Monthly 08-31-2024 3.33% Foreign SQM North America Corp. USA Foreign Deep South Equipment Company USA Dollar Monthly 03-24-2024 1.33% Foreign SQM North America Corp. USA Foreign Tennant-South USA Dollar Monthly 07-02-2023 1.00% Foreign SQM North America Corp. USA Foreign Deacon Jones CDJR USA Dollar Monthly 03-30-2024 2.81% Foreign SQM North America Corp. USA Foreign Mt Mullahey Inc. Mullahey Chrysler Dodge USA Dollar Monthly 09-11-2022 2.81% Foreign SQM North America Corp. USA Foreign Berwyn Partners Inc. USA Dollar Monthly 12-24-2024 1.34% Foreign SQM North America Corp. USA Foreign Myers Ford Co Inc. USA Dollar Monthly 06-25-2024 1.51% Foreign SQM North America Corp. USA Foreign Ford Motor Credit Company USA Dollar Monthly 05-17-2025 4.19% Foreign SQM North America Corp. USA Foreign Porter and Howard INC. USA Dollar Monthly 11-22-2025 5.64% Foreign SQM North America Corp. USA Foreign Hanford Chrysler Dodge Jeep USA Dollar Monthly 07-18-2025 4.44% Foreign SQM Comercial de México S.A. de C.V. México Foreign Onni Ensenada S.A. de C.V. México Dollar Monthly 12-03-2026 3.45% Foreign SQM Comercial de México S.A. de C.V. México Foreign Madol Inmobiliaria S.A. de C.V. México Mexican Peso Monthly 10-31-2023 7.84% Foreign SQM Comercial de México S.A. de C.V. México Foreign Madol Inmobiliaria S.A. de C.V. México Mexican Peso Monthly 10-31-2023 7.84% Foreign SQM Europe N.V. Bélgica Foreign Straatsburgdok N.V. Bélgica Euro Monthly 03-31-2027 1.30% Foreign SQM Australia PTY Australia Foreign Eagle Petroleum (WA) Pty Ltd Australia Australian dollar Monthly 06-21-2022 5.00% Foreign SQM Australia PTY Australia Foreign The trust Company (Australia) Pty Ltd Australia Australian dollar Monthly 01-31-2021 3.60% Foreign SQM Australia PTY Australia Foreign Ausco Modular Pty Limited Australia Australian dollar Monthly 01-31-2023 5.00% Foreign SQM Australia PTY Australia Foreign Western Australian Land Authority Australia Australian dollar Monthly 08-31-2051 3.55% Foreign SQM Australia PTY Australia Foreign Mining Thiess Pty Ltd. Australia Australian dollar Monthly 08-31-2051 3.55% Foreign SQM Colombia S.A.S. Colombia Foreign Mareauto Colombia S.A.S. Colombia COP Monthly 12-18-2023 2.01% Foreign SQM Colombia S.A.S. Colombia Foreign Renting Colombia S.A. Colombia COP Monthly 10-16-2024 2.72% Foreign SQM Colombia S.A.S. Colombia Foreign Renting Colombia S.A. Colombia COP Monthly 12-27-2024 2.17% Foreign SQM África Pty Sudáfrica Foreign Goscor Finance (Pty) Ltd Sudáfrica ZAR Monthly 11-01-2026 8.51% |
Schedule of current lease liabilities | Debtor Creditor Nominal amounts as of December 31, 2022 Amounts at amortized cost as of December 31, 2022 Company Supplier Up to 90 days 90 days to 1 year Total Up to 90 days 90 days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda 540 1,619 2,159 482 1,483 1,965 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 100 300 400 92 280 372 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 48 145 193 44 136 180 SQM Salar S.A. Sociedad Inmobiliaria Amaru SpA 49 49 98 49 49 98 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 8 23 31 7 21 28 SQM Salar S.A. Inversiones y Gestión New Energy SpA 108 325 433 108 325 433 SQM Salar S.A. Jungheinrich Rentalif SpA 130 390 520 112 340 452 SQM Salar S.A. Tattersall Maquinarias S.A. 55 164 219 47 143 190 SQM Salar S.A. Obras y Servicios para la industria y Minera S.A 294 882 1,176 267 810 1,077 SQM Salar S.A. Sociedad Comercial Grandlesing Chile Ltda 20 59 79 20 59 79 SQM Industrial S.A. El Trovador S.A. 466 1,399 1,865 376 1,144 1,520 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 180 540 720 173 526 699 SQM Industrial S.A. Jungheinrich Rentalift SpA 30 88 118 28 85 113 SQM Nitratos S.A. Jungheinrich Rentalift SpA 18 55 73 17 52 69 SQM S.A. Jungheinrich Rentalift SpA 20 59 79 18 55 73 Orcoma SpA Obispado de Iquique 1 4 5 1 2 3 Orcoma SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 1 4 5 1 4 5 Orcoma SpA Ruth del Carmen Cortez Maturana 1 3 4 1 2 3 Soquimich Comercial S.A. Muelles de Penco S.A. 84 182 266 77 165 242 Soquimich Comercial S.A. Muelles de Penco S.A. 43 59 102 44 59 103 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 157 471 628 131 401 532 Soquimich Comercial S.A. Compañia de leasing Tattersall S.A. 58 174 232 54 165 219 SQM North America Corp. Paces West LL. 56 173 229 47 148 195 SQM North America Corp. Hawkins Nunmber One, LLC 34 100 134 31 97 128 SQM North America Corp. Deep South Equipment Company 1 4 5 1 4 5 SQM North America Corp. Tennant- South 1 1 2 2 1 3 SQM North America Corp. Deacon Jones CDJR 2 6 8 2 6 8 SQM North America Corp. Berwyn Partners Inc 2 6 8 2 6 8 SQM North America Corp. Myers Ford Co Inc 2 6 8 2 5 7 SQM North America Corp. Ford Motor Credit Company 2 5 7 2 5 7 SQM North America Corp. Porter and Howard INC 1 4 5 1 3 4 SQM North America Corp. Hanford Chrysler Dodge Jeep 1 3 4 1 4 5 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 99 296 395 86 264 350 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 20 46 66 18 44 62 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 7 16 23 7 16 23 SQM Europe N.V. Straatsburgdok N.V. 102 306 408 96 290 386 SQM Australia PTY Ausco Modular Pty Limited 15 - 15 14 - 14 SQM Australia PTY Western Australian Land Authority 105 387 492 54 94 148 SQM Australia PTY Kwinana Refinery Lease - Laydown Area 25 74 99 23 71 94 SQM Australia PTY Thiess Pty Ltd 640 1,828 2,468 538 1,573 2,111 SQM Australia PTY Project JV 22 66 88 19 60 79 SQM Colombia S.A.S. Mareauto Colombia S.A.S. 1 4 5 1 4 5 SQM Colombia S.A.S. Renting Colombia S.A. 2 6 8 2 6 8 SQM Colombia S.A.S. Renting Colombia S.A. 2 7 9 2 7 9 SQM Africa Pty Goscor Finance (Pty) Ltd 12 36 48 8 27 35 Total 3,565 10,374 13,939 3,108 9,041 12,149 Debtor Creditor Nominal amounts as of December 31, 2021 Amounts at amortized cost as of December 31, 2021 Company Supplier Up to 90 days 90 days to 1 year Total Up to 90 days 90 days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda 540 1,618 2,158 457 1,407 1,864 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 100 300 400 89 272 361 SQM Salar S.A. SKM Industrial Ltda. 202 135 337 197 133 330 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 48 145 193 43 132 175 SQM Salar S.A. Sociedad Inmobiliaria Amaru SpA 49 146 195 47 144 191 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 8 23 31 7 20 27 SQM Industrial S.A. El Trovador S.A. 466 1,399 1,865 364 1,110 1,474 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 180 541 721 168 512 680 SQM Industrial S.A. Jungheinrich Rentalift SpA 30 88 118 27 82 109 SQM Industrial S.A. Tecnofast 18 56 74 18 55 73 SQM Nitratos S.A. Jungheinrich Rentalift SpA 18 55 73 17 50 67 SQM S.A. Jungheinrich Rentalift SpA 20 59 79 18 55 73 Orcoma Estudios SpA Obispado de Iquique 1 4 5 1 1 2 Orcoma Estudios SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 1 5 6 1 4 5 Orcoma Estudios SpA Ruth del Carmen Cortez Maturana 1 3 4 1 1 2 Soquimich Comercial S.A. Container Operators S.A. 86 257 343 85 257 342 Soquimich Comercial S.A. Muelles de Penco S.A. 41 124 165 41 122 163 Soquimich Comercial S.A. Muelles de Penco S.A. 44 134 178 44 131 175 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 157 471 628 127 388 515 Soquimich Comercial S.A. Compañía de Leasing Tattersall S.A. 58 174 232 52 161 213 SQM North America Corp. Paces West LL. 55 168 223 44 138 182 SQM North America Corp. Hawkins Nunmber One, LLC 32 98 130 30 91 121 SQM North America Corp. Deep South Equipment Company 1 4 5 1 4 5 SQM North America Corp. Tennant- South 2 4 6 1 5 6 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 99 296 395 84 254 338 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 20 58 78 17 53 70 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 7 21 28 6 19 25 SQM Europe N.V. Straatsburgdok N.V. 102 306 408 95 288 383 SQM Australia PTY Ausco Modular Pty Limited 9 25 34 8 24 32 SQM Australia PTY Western Australian Land Authority (52) (227) (279) (103) (244) (347) SQM Australia PTY Eagle Petroleum (WA) Pty Ltd 5 6 11 3 8 11 SQM Australia PTY Knight Frank 12 — 12 12 — 12 SQM Colombia S.A.S. Mareauto Colombia S.A.S. 2 4 6 2 4 6 SQM Colombia S.A.S. Renting Colombia S.A. 2 7 9 2 7 9 SQM Colombia S.A.S. Renting Colombia S.A. 3 7 10 3 7 10 Total 2,367 6,514 8,881 2,009 5,695 7,704 |
Schedule of non-current lease liabilities | Debtor Creditor Nominal amounts as of December 31, 2022 Amounts at amortized cost as of December 31, 2022 Company Supplier 1-2 Years 2-3 Years 3-4 Years Total 1-2 Years 2-3 Years 3-4 Years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda. 2,698 — — 2,698 2,606 — — 2,606 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 800 33 — 833 775 33 — 808 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 370 — — 370 359 — — 359 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 62 13 — 75 59 13 — 72 SQM Salar S.A. Inversiones y Gestión New Energy SpA. 144 — — 144 145 — — 145 SQM Salar S.A. Jungheinrich Rentalift SpA. 1,041 1,041 217 2,299 943 999 215 2,157 SQM Salar S.A. Tattersall Maquinarias S.A. 439 439 91 969 397 421 91 909 SQM Salar S.A. Obras y Servicios para la industria y Minera S.A. 1,176 1,176 1,078 3,430 1,104 1,133 1,064 3,301 SQM Salar S.A. Sociedad Comercial Grandlesing Chile Ltda 79 79 39 197 79 79 40 198 SQM Industrial S.A. El Trovador S.A. 3,730 5,595 2,176 11,501 3,182 5,152 2,135 10,469 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 420 — — 420 417 — — 417 SQM Industrial S.A. Jungheinrich Rentalift SpA 98 — — 98 97 — — 97 SQM Nitratos S.A. Jungheinrich Rentalift SpA 61 — — 61 60 — — 60 SQM S.A. Jungheinrich Rentalift SpA 66 — — 66 65 — — 65 Orcoma Estudios SpA Obispado de Iquique 10 14 36 60 5 8 29 42 Orcoma Estudios SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 4 — — 4 3 — — 3 Orcoma Estudios SpA Ruth del Carmen Cortez Maturana 8 12 10 30 3 3 18 24 Soquimich Comercial S.A. Muelles de Penco S.A. 170 102 261 533 153 90 244 487 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 1,255 1,517 — 2,772 1,119 1,455 — 2,574 Soquimich Comercial S.A. Compañia de leasing Tattersall S.A 349 — — 349 340 — — 340 SQM North America Corp. Paces West LL. 479 508 — 987 431 491 — 922 SQM North America Corp. Hawkins Nunmber One, LLC 90 — — 90 89 — — 89 SQM North America Corp. Deep South Equipment Company 1 — — 1 1 — — 1 SQM North America Corp. Deacon Jones CDJR 2 — — 2 2 — — 2 SQM North America Corp. Berwyn Partners Inc 8 — — 8 8 — — 8 SQM North America Corp. Myers Ford Co Inc 4 — — 4 4 — — 4 SQM North America Corp. Ford Motor Credit Company 12 — — 12 9 — — 9 SQM North America Corp. Porter and Howard INC 5 4 — 9 5 4 — 9 SQM North America Corp. Hanford Chrysler Dodge Jeep 5 3 — 8 5 3 — 8 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 789 362 — 1,151 738 356 — 1,094 SQM Europe N.V. Straatsburgdok N.V. 888 564 — 1,452 861 559 — 1,420 SQM Australia PTY Kwinana Refinery Lease - Laydown Area 25 — — 25 24 — — 24 SQM Australia PTY Thiess Pty Ltd 2,231 2,422 — 4,653 2,858 — — 2,858 SQM Australia PTY Western Australian Land Authority 1,616 3,162 23,894 28,672 61 1,619 16,102 17,782 SQM Australia PTY Project JV 83 — — 83 80 — — 80 SQM Colombia S.A.S. Renting Colombia S.A. 7 — — 7 7 — — 7 SQM Colombia S.A.S. Renting Colombia S.A. 11 — — 11 11 — — 11 SQM Africa Pty Goscor Finance (Pty) Ltd 12 36 48 96 82 42 — 124 Total 19,248 17,082 27,850 64,180 17,187 12,460 19,938 49,585 Debtor Creditor Nominal amounts as of December 31, 2021 Amounts at amortized cost as of December 31, 2021 Company Supplier 1-2 Years 2-3 Years 3-4 Years Total 1-2 Years 2-3 Years 3-4 Years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Salar S.A. Empresa Constructora Contex Ltda 4,317 540 — 4,857 4,036 535 — 4,571 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 800 434 — 1,234 754 426 — 1,180 SQM Salar S.A. SKM Industrial Ltda. — — — — — — — — SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 386 177 — 563 365 174 — 539 SQM Salar S.A. Sociedad Inmobiliaria Amaru SpA 98 — — 98 97 — — 97 SQM Salar S.A. Maquinarias Industriales Astudillo Hermanos Ltda. 62 44 — 106 57 43 — 100 SQM Industrial S.A. El Trovador S.A. 3,730 5,594 4,040 13,364 3,086 4,997 3,905 11,988 SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda 1,141 — — 1,141 1,115 — — 1,115 SQM Industrial S.A. Jungheinrich Rentalift SpA 216 — — 216 209 — — 209 SQM Industrial S.A. Tecnofast — — — — — — — — SQM Nitratos S.A. Jungheinrich Rentalift SpA 134 — — 134 129 — — 129 SQM S.A. Jungheinrich Rentalift SpA 145 — — 145 141 — — 141 Orcoma Estudios SpA Obispado de Iquique 10 14 41 65 5 8 32 45 Orcoma Estudios SpA Comunidad Indígena Aymara Pueblo de Pisiga Choque 8 — — 8 8 — — 8 Orcoma Estudios SpA Ruth del Carmen Cortez Maturana 8 12 14 34 5 8 12 25 Soquimich Comercial S.A. Container Operators S.A. — — — — — — — — Soquimich Comercial S.A. Muelles de Penco S.A. 96 — — 96 96 — — 96 Soquimich Comercial S.A. Muelles de Penco S.A. 104 — — 104 103 — — 103 Soquimich Comercial S.A. Inmobiliaria Chincui SPA 1,255 1,883 261 3,399 1,082 1,766 259 3,107 Soquimich Comercial S.A. Compañía de Leasing Tattersall S.A. 465 116 — 581 444 115 — 559 SQM North America Corp. Paces West LL. 465 752 — 1,217 403 714 — 1,117 SQM North America Corp. Hawkins Nunmber One, LLC 224 — — 224 217 — — 217 SQM North America Corp. Deep South Equipment Company 6 — — 6 6 — — 6 SQM North America Corp. Tennant- South 3 — — 3 3 — — 3 SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V. 789 756 — 1,545 713 731 — 1,444 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 65 — — 65 63 — — 63 SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V. 24 — — 24 23 — — 23 SQM Europe N.V. Straatsburgdok N.V. 844 1,015 — 1,859 807 1,000 — 1,807 SQM Australia PTY Ausco Modular Pty Limited 15 — — 15 15 — — 15 SQM Australia PTY Western Australian Land Authority 1,184 2,995 24,724 28,903 (86) 1,146 16,710 17,770 SQM Colombia S.A.S. Mareauto Colombia S.A.S. 6 — — 6 6 — — 6 SQM Colombia S.A.S. Renting Colombia S.A. 15 — — 15 15 — — 15 SQM Colombia S.A.S. Renting Colombia S.A. 21 — — 21 21 — — 21 Total 16,636 14,332 29,080 60,048 13,938 11,663 20,918 46,519 |
Intangible assets and goodwill
Intangible assets and goodwill (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets and goodwill. | |
Schedule of intangible assets and goodwill | As of December 31, 2022 Intangible assets and goodwill Useful life Net Value ThUS$ IT programs Finite 3,249 Mining rights Finite 140,873 Water rights and rights of way Indefinite 4,909 Water rights Finite 11,369 Intellectual property Finite 5,850 Other intangible assets Finite 86 Intangible assets other than goodwill 166,336 Goodwill Indefinite 967 Total Intangible Asset 167,303 As of December 31, 2021 Intangible assets and goodwill Useful life Net Value ThUS$ IT programs Finite 3,447 Mining rights Finite 149,532 Water rights and rights of way Indefinite 4,909 Water rights Finite 15,158 Intellectual property Finite 6,481 Other intangible assets Finite 131 Intangible assets other than goodwill 179,658 Goodwill Indefinite 34,596 Total Intangible Asset 214,254 |
Schedule of intangible assets | a) Movements in identifiable intangible assets as of December 31, 2022: Water rights, Customer- Movements in identifiable intangible assets Mining rights, and rights of Water rights related Intellectual Other intangible IT programs Finite way, Indefinite Finite intangible assets property assets Goodwill Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ As of January 1, 2022 3,447 149,532 4,909 15,158 — 6,481 131 34,596 214,254 Additions 349 1,141 — — — — 14 — 1,504 Amortization for the year (1,039) (8,482) — (3,789) — (476) (59) — (13,845) Impairment losses recognized in profit or loss for the year (2) — (1,228) — — — — — (33,629) (34,857) Other increases / decreases for foreign currency exchange rates (4) — — — — (155) — — (159) Decreases through sale — — — — — — — — — Transferred from available for sale — — — — — — — — — Other increases (decreases) 496 (90) — — — — — — 406 Subtotal (198) (8,659) — (3,789) — (631) (45) (33,629) (46,951) As of December 31,2022 3,249 140,873 4,909 11,369 — 5,850 86 967 167,303 Historical cost 36,457 162,716 7,420 18,000 1,778 7,215 2,291 4,501 240,378 Accumulated amortization (33,208) (21,843) (2,511) (6,631) (1,778) (1,365) (2,205) (3,534) (73,075) As of January 1, 2021 3,447 149,532 4,909 15,158 — 6,481 131 34,596 214,254 Additions 296 344 — — — — 9 — 649 Amortization for the year (1,716) (2,863) — (2,842) — (889) (64) — (8,374) Impairment losses recognized in profit or loss for the year (1) — (48) (430) — — — — — (478) Other increases / decreases for foreign currency exchange rates (17) 2,283 (4) — — — (6) — 2,256 Decreases through sale — — — — — — — — — Transferred from available for sale — 16 — — — — — — 16 Other increases (decreases) 58 (246) — — — 7,370 — (7,370) (188) Subtotal (1,379) (514) (434) (2,842) — 6,481 (61) (7,370) (6,119) As of December 31,2021 3,447 149,532 4,909 15,158 — 6,481 131 34,596 214,254 Historical cost 35,616 162,893 7,420 18,000 1,778 7,370 2,277 38,130 273,484 Accumulated amortization (32,169) (13,361) (2,511) (2,842) (1,778) (889) (2,146) (3,534) (59,230) (1) See Note 21.5 (2) A determination made in the fourth quarter of 2022 led to the identification of assets that are not in the company’s long-term business plan. Therefore, the Company recognized impairment for the value of certain intangible assets and associated goodwill in an amount of ThUS $34,149 , which are related to the Iodine and Derivatives Cash Generating Unit. |
Schedule of goodwill | (b) Movements in identifiable goodwill as of December 31, 2022 and 2021: Accumulated impairment Goodwill at the beginning Additional Impairment losses recognized in Total increase Ending balance as of december 31, 2022 Movements in identifiable goodwill of period January 1, 2022 recognition profit or loss for the year (-) (decrease) ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. 22,255 — (22,255) (22,255) — SQM Iberian S.A. 148 — — — 148 SQM Investment Corporation 86 — — — 86 Soquimich European Holding B.V. 11,383 — (11,374) (11,374) 9 SQM Potasio S.A. 724 — — — 724 Ending balance as of December 31,2022 34,596 — (33,629) (33,629) 967 Accumulated impairment Goodwill at the beginning Additional Impairment losses recognized in Total increase Ending balance as of december 31, 2021 Movements in identifiable goodwill of period January 1, 2021 recognition profit or loss for the year (-) (decrease) ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. 22,255 — — — 22,255 SQM Iberian S.A. 148 — — — 148 SQM Investment Corporation 86 — — — 86 Soquimich European Holding B.V. 11,383 — — — 11,383 SQM Holland B.V. (*) 7,370 — — (7,370) — SQM Potasio S.A. 724 — — — 724 Ending balance as of December 31,2021 41,966 — — (7,370) 34,596 (*) The measurement of assets and liabilities related to the acquisition of WNSPK (see Note 7) was completed in 2021 and as a result ThUS$ 7,370 were identified as intellectual property and reclassified from goodwill as a consequence. |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment | |
Schedule of property, plant and equipment | 15.1 As of As of December 31, December 31, Description of types of property, plant and equipment 2022 2021 ThUS$ ThUS$ Property, plant and equipment, net Land 23,482 23,507 Buildings 273,913 270,563 Other property, plant and equipment 34,960 32,846 Transport equipment 9,487 2,463 Supplies and accessories 4,798 5,556 Office equipment 1,355 1,386 Network and communication equipment 1,872 1,359 Mining assets 60,284 38,241 IT equipment 3,147 3,570 Energy generating assets 3,253 3,970 Constructions in progress 1,328,508 731,787 Machinery, plant and equipment 981,779 896,977 Total 2,726,838 2,012,225 Property, plant and equipment, gross Land 23,482 23,507 Buildings 803,398 767,096 Other property, plant and equipment 250,058 239,582 Transport equipment 21,343 13,357 Supplies and accessories 29,426 28,786 Office equipment 13,141 12,943 Network and communication equipment 10,878 9,577 Mining assets 230,803 195,889 IT equipment 31,197 30,456 Energy generating assets 38,540 38,540 Constructions in progress 1,328,508 731,787 Machinery, plant and equipment 3,716,440 3,464,881 Total 6,497,214 5,556,401 Accumulated depreciation and value impairment of property, plant and equipment, total Accumulated depreciation and impairment of buildings (529,485) (496,533) Accumulated depreciation and impairment of other property, plant and equipment (215,098) (206,736) Accumulated depreciation and impairment of transport equipment (11,856) (10,894) Accumulated depreciation and impairment of supplies and accessories (24,628) (23,230) Accumulated depreciation and impairment of office equipment (11,786) (11,557) Accumulated depreciation and impairment of network and communication equipment (9,006) (8,218) Accumulated depreciation and impairment of mining assets (170,519) (157,648) Accumulated depreciation and impairment of IT equipment (28,050) (26,886) Accumulated depreciation and impairment of energy generating assets (35,287) (34,570) Accumulated depreciation and impairment of machinery, plant and equipment (2,734,661) (2,567,904) Total (3,770,376) (3,544,176) As of As of December 31, December 31, Description of classes of property, plant and equipment 2022 2021 ThUS$ ThUS$ Property, plant and equipment, net Pumps 32,120 28,889 Conveyor Belt 17,135 18,294 Crystallizer 48,582 20,189 Plant Equipment 163,594 168,370 Tanks 25,923 22,358 Filter 47,976 41,438 Electrical equipment/facilities 110,275 97,594 Other Property, Plant & Equipment 112,628 71,150 Site Closure 36,673 34,248 Piping 107,481 106,317 Well 177,708 202,982 Pond 41,729 42,547 Spare Parts (1) 59,955 42,601 Total 981,779 896,977 (1) The reconciliation of the spare parts provisions as of December 31, 2022 and 2021 is as follows: As of As of December 31, December 31, Reconciliation 2022 2021 ThUS$ ThUS$ Opening balance 48,262 42,881 Increase in provision 3,810 5,381 Closing balance 52,072 48,262 |
Schedule of reconciliation of changes in property, plant and equipment | 15.2 Reconciliation of changes in property, plant and equipment by class as of December 31, 2022 and 2021: Other Reconciliation of changes in property, property, Supplies Network and Energy Assets Machinery, Property, plant and equipment by class as of plant and Transport and Equipment communication Mining IT generating under plant and plant and Land Buildings equipment equipment accessories office equipment assets equipment assets construction equipment equipment ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ At January 1, 2022 23,507 270,563 32,846 2,463 5,556 1,386 1,359 38,241 3,570 3,970 731,787 896,977 2,012,225 Additions — 495 425 146 4 7 152 — 270 — 922,690 7,194 931,383 Disposals — — — — — — — — — — — (19) (19) Depreciation for the year — (32,915) (8,691) (962) (1,400) (248) (788) (12,871) (1,256) (717) (158,865) (218,713) Impairment (2) — (156) (7,928) (8,084) Increase (decrease) in foreign currency translation difference (2) (5) (7) — — — (1) — — — — — (20) (33) Reclassifications 121 37,147 10,449 7,840 726 213 1,149 34,914 582 — (316,994) 223,853 — Other increases (decreases) — (1,127) (69) — (88) (2) — — (19) — (8,975) 20,587 10,307 Decreases for classification as held for sale (141) (87) — — — — — — — — — — (228) Subtotal (25) 3,350 2,114 7,024 (758) (31) 513 22,043 (423) (717) 596,721 84,802 714,613 As of December 31, 2022 23,482 273,913 34,960 9,487 4,798 1,355 1,872 60,284 3,147 3,253 1,328,508 981,779 2,726,838 Historical cost 23,482 803,398 250,058 21,343 29,426 13,141 10,878 230,803 31,197 38,540 1,328,508 3,716,440 6,497,214 Accumulated depreciation — (529,485) (215,098) (11,856) (24,628) (11,786) (9,006) (170,519) (28,050) (35,287) — (2,734,661) (3,770,376) At January 1, 2021 23,579 239,666 35,418 2,880 4,183 459 1,272 47,052 4,083 4,878 486,345 887,504 1,737,319 Additions — — 346 — — 29 58 — 232 — 470,112 756 471,533 Disposals — — — — — — — — — — — — — Depreciation for the year — (30,872) (7,848) (759) (1,384) (383) (539) (10,138) (1,387) (908) — (141,460) (195,678) Impairment (2) — (456) (75) — (16) (8) — — (8) — — (5,019) (5,582) Increase (decrease) in foreign currency translation difference (2) (72) (80) (1) — — (1) — — — — — (69) (223) Reclassifications — 62,291 5,008 354 2,773 1,290 553 1,327 557 — (224,945) 150,792 — Other increases (decreases) — 14 (2) (12) — — 15 — 93 — 275 4,473 4,856 Decreases for classification as held for sale — — — — — — — — — — — — — Subtotal (72) 30,897 (2,572) (417) 1,373 927 87 (8,811) (513) (908) 245,442 9,473 274,906 As of December 31, 2021 23,507 270,563 32,846 2,463 5,556 1,386 1,359 38,241 3,570 3,970 731,787 896,977 2,012,225 Historical cost 23,507 767,096 239,582 13,357 28,786 12,943 9,577 195,889 30,456 38,540 731,787 3,464,881 5,556,401 Accumulated depreciation — (496,533) (206,736) (10,894) (23,230) (11,557) (8,218) (157,648) (26,886) (34,570) — (2,567,904) (3,544,176) (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: (i) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; (ii) the variation representing the purchase and use of materials and spare parts; (iii) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; (iv) software that is reclassified to “Intangibles (v) Provisions related to the investment plan and assets related to closing the site. (2) See note 21.5. This corresponds to assets identified as not being used in the operation due to their specific characteristics. |
Schedule of costs for capitalized interest of property, plant and equipment | The rates and costs for capitalized interest of property, plant and equipment are detailed as follows: As of As of December 31, December 31, Costs of capitalized interest 2022 2021 ThUS$ ThUS$ Weighted average capitalization rate of capitalized interest costs 4 % 4 % Amount of interest cost capitalized 24,708 14,206 |
Other current and non-current_2
Other current and non-current non-financial assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other current and non-current non-financial assets | |
Schedule of other current and non-current non-financial assets | As of December 31, 2022, and 2021, the detail of “Other Current and Non-current Assets” is as follows: As of As of December 31, December 31, Other non-financial assets, current 2022 2021 ThUS$ ThUS$ Domestic Value Added Tax 81,361 26,356 Foreign Value Added Tax 66,926 14,395 Prepaid mining licenses 1,122 1,233 Prepaid insurance 33,896 20,443 Other prepayments 1,230 659 Refund of Value Added Tax to exporters 3,020 — Other taxes 7,512 6,030 Other assets 1,268 754 Total 196,335 69,870 As of As of December 31, December 31, Other non-financial assets, non-current 2022 2021 ThUS$ ThUS$ Exploration and evaluation expenses 44,023 26,752 Guarantee deposits 717 622 Other assets 7,656 6,113 Total 52,396 33,487 |
Schedule of changes in assets for exploration and mineral resource evaluation | Movements in assets for the exploration and evaluation of mineral resources as of December 31, 2022, and 2021: As of As of As of December 31, December 31, December 31, Reconciliation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Opening balance 26,752 17,883 18,654 Change in assets for exploration and evaluation of mineral resources Additions 11,341 8,071 — Short term reclassifications (465) 83 (526) Increase (decrease) due to transfers and other charges 6,395 715 (245) Total changes 17,271 8,869 (771) Total 44,023 26,752 17,883 |
Schedule of exploration and evaluation explanatory | As of As of December 31, December 31, Explorations in execution 2022 2021 ThUS$ ThUS$ Chile 3,699 1,000 Total 3,699 1,000 |
Schedule of detailed information about conciliation of explorations in execution | As of As of December 31, December 31, Conciliation of explorations in execution 2022 2021 ThUS$ ThUS$ Opening balance 1,000 2,666 Disbursements 4,227 1,736 Reclassifications (1,528) (3,402) Total changes 2,699 (1,666) Total 3,699 1,000 |
Schedule of detailed information about reimbursements for exploration and evaluation | As of As of December 31, December 31, Prospecting Type of Exploration 2022 2021 ThUS$ ThUS$ Chile (1) Metallic/Non-Metallic 36,327 18,154 Total 36,327 18,154 |
Schedule of detailed information about reconciliation of economically feasible metalic explorations | Economically feasible metallic explorations are those classified as advanced exploration. As of As of December 31, December 31, Prospecting conciliation 2022 2021 ThUS$ ThUS$ Opening balance 18,154 10,872 Additions 11,341 8,071 Reclassifications from Exploration in execution – Chile 8,864 1,906 Reclassifications to Exploration in Exploitation-Chile (2,032) (2,695) Total changes 18,173 7,282 Total 36,327 18,154 |
Schedule of detailed information about short term and long term exploitation conciliation | As of As of December 31, December 31, Short-Term Exploitation Conciliation 2022 2021 ThUS$ ThUS$ Opening balance 1,235 1,318 Amortization — (1,359) Reclassifications 465 1,276 Total changes 465 (83) Total 1,700 1,235 As of As of December 31, December 31, Long-Term Exploitation Conciliation 2022 2021 ThUS$ ThUS$ Opening balance 8,598 7,011 Amortization (2,421) — Reclassifications 1,519 1,587 Total changes (902) 1,587 Total 7,696 8,598 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Employee benefits | |
Schedule of provision for employee benefits | As of As of December 31, December 31, Classes of benefits and expenses by employee 2022 2021 ThUS$ ThUS$ Current Profit sharing and bonuses 2,270 1,383 Performance bonus and operational 33,106 25,392 Total 35,376 26,775 Non-current Profit sharing and bonuses 8,973 — Severance indemnity payments 34,899 27,099 Total 43,872 27,099 |
Schedule of post employment benefit obligations | As of As of As of December 31, December 31, December 31, Reconciliation Changes in the benefit obligation 2022 2021 2020 ThUS$ ThUS$ ThUS$ Opening balance 9,550 9,864 9,586 Current cost of service — — — Interest cost 255 240 280 Actuarial gains loss (1,357) (135) 506 Settlement (7,739) Benefits paid (430) (419) (508) Total benefit obligation (A) 279 9,550 9,864 As of As of As of Reconciliation December 31, December 31, December 31, Changes in plan assets 2022 2021 2020 ThUS$ ThUS$ ThUS$ Fair value of plan assets at the start of the year 13,497 12,888 8,754 Real return (loss) in the plan assets (346) 1,028 4,642 Benefits paid (430) (419) (508) Settlement (7,739) — — Fair value of plan assets at the end of the year 4,982 13,497 12,888 Non-current-assets 4,703 3,947 3,025 Elements not yet recognized as components of the cost of periodic net pensions: Net actuarial loss at the beginning of the year 1,039 192 (3,634) Amortization during the year — — 326 Settlement (1,627) — — Gain 647 847 3,500 Adjustment to recognize the minimum pension obligation 59 1,039 192 For the For the For the year ended year ended year ended Cost of service or benefits received during the year 2022 2021 2020 ThUS$ ThUS$ ThUS$ Financial cost 255 240 280 Real loss in plan assets (363) (316) (637) Settlement (1,627) — — Amortization of prior year losses — — 326 Net periodic pension expenses (1,735) (76) (31) |
Schedule of staff severance indemnities | As of December 31, 2022, and 2021, severance indemnities calculated at the actuarial value are as follows: As of As of As of December 31, December 31, December 31, Staff severance indemnities 2022 2021 2020 ThUS$ ThUS$ ThUS$ Opening balance (27,099) (32,199) (27,814) Current cost of service (4,204) (4,978) (3,804) Interest cost (1,928) (1,303) (1,486) Actuarial gain loss (5,305) 3,999 (2,826) Exchange rate difference 551 4,971 (1,513) Benefits paid during the year 3,086 2,411 5,244 Total (34,899) (27,099) (32,199) |
Schedule of employee Actuarial assumption rate | The liability recorded for staff severance indemnity is valued at the actuarial value method, using the following actuarial assumptions: As of As of As of December 31, December 31, December 31, Actuarial assumptions 2022 2021 2020 Annual/Years Mortality rate RV - 2014 RV - 2014 RV - 2014 Actual annual interest rate 5.12 % 5.67 % 3.65 % Voluntary retirement rate: Men 6.49 % 6.49 % 6.49 % Annual Women 6.49 % 6.49 % 6.49 % Annual Salary increase 3.00 % 3.00 % 3.00 % Annual Retirement age: Men 65 65 65 Years Women 60 60 60 Years |
Schedule of sensitivity analysis of assumptions | As of December 31, 2022, 2021 and 2020, the Company has conducted a sensitivity analysis of the main assumptions of the actuarial calculation, determining the following: Effect + 100 basis Effect - 100 basis Sensitivity analysis as of December 31, 2022 points points ThUS$ ThUS$ Discount rate (2,090) 2,352 Employee turnover rate (274) 307 Effect + 100 basis Effect - 100 basis Sensitivity analysis as of December 31, 2021 points points ThUS$ ThUS$ Discount rate (1,614) 1,817 Employee turnover rate (212) 237 Effect + 100 basis Effect - 100 basis Sensitivity analysis as of December 31, 2020 points points ThUS$ ThUS$ Discount rate (1,985) 2,234 Employee turnover rate (261) 291 |
Provisions and other non-fina_2
Provisions and other non-financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Provisions and other non-financial liabilities | |
Schedule of provisions | 18.1 As of December 31, 2022 As of December 31, 2021 Types of provisions Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Provision for legal complaints (1) 52,106 1,603 53,709 48,518 1,223 49,741 Provision for dismantling, restoration and rehabilitation cost (2) — 53,995 53,995 — 58,592 58,592 Other provisions (3) 1,251,040 2,455 1,253,495 269,148 1,223 270,371 Total 1,303,146 58,053 1,361,199 317,666 61,038 378,704 (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 20.1). (2) Sernageomin commitments for the restoration of the location of the production sites have been incorporated. This cost value is calculated at discounted present value, using flows associated with plans with an evaluation horizon that fluctuates between 8 and 25 years for potassium-lithium operations and 11 to 22 years for nitrate-iodine operations. The rates used to discount future cash flows are based on market rates for the aforementioned terms (3) See Note 18.2. |
Schedule of other current and noncurrent provision | 18.2 Description of other provisions As of As of December 31, December 31, Current provisions, other short-term provisions 2022 2021 ThUS$ ThUS$ Rent under Lease contract (1) 1,189,326 260,889 Provision for additional tax related to foreign loans 1,085 1,027 End of agreement bonus 35,819 2,792 Directors’ per diem allowance 4,250 3,938 Miscellaneous provisions 20,560 502 Total 1,251,040 269,148 (1) Payment Obligations for the lease contract with Corfo: These correspond to obligations assumed in the Lease Agreement. 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 and other cases related to it. |
Schedule of other provisions | Provision for dismantling, Description of items that gave rise to variations restoration and as of December 31, 2022 Legal complaints rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 49,741 58,592 270,371 378,704 Changes Additional provisions 3,981 7,085 3,045,758 3,056,824 Provision used — — (2,060,321) (2,060,321) Increase(decrease) in foreign currency exchange (1) (35) 4 (32) Others (12) (11,647) (2,317) (13,976) Total Increase (decreases) 3,968 (4,597) 983,124 982,495 Total 53,709 53,995 1,253,495 1,361,199 Provision for dismantling, Description of items that gave rise to variations restoration and as of December 31, 2021 Legal complaints rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 10,165 61,265 95,353 166,783 Changes Additional provisions 48,012 7,302 232,254 287,568 Provision used (8,399) — (56,959) (65,358) Increase(decrease) in foreign currency exchange (37) — (35) (72) Others — (9,975) (242) (10,217) Total Increase (decreases) 39,576 (2,673) 175,018 211,921 Total 49,741 58,592 270,371 378,704 Provision for dismantling, Description of items that gave rise to variations restoration and as of December 31, 2020 Legal complaints rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 14,924 33,238 97,093 145,255 Changes Additional provisions 62,922 30,974 60,685 154,581 Provision used (67,685) — (59,939) (127,624) Increase(decrease) in foreign currency exchange 4 — (2,486) (2,482) Others — (2,947) — (2,947) Total Increase (decreases) (4,759) 28,027 (1,740) 21,528 Total 10,165 61,265 95,353 166,783 |
Schedule of other non-financial liabilities, current | 18.4 Other non-financial liabilities, Current As of As of December 31, December 31, Description of other liabilities 2022 2021 ThUS$ ThUS$ Tax withholdings 46,518 21,546 VAT payable 43,439 26,111 Guarantees received 743 746 Accrual for dividend 7,370 34,184 Monthly tax provisional payments 289,326 23,319 Deferred income 19,341 5,605 Withholdings from employees and salaries payable 7,242 5,587 Accrued vacations (1) 29,642 23,467 Other current liabilities 2,856 1,109 Total 446,477 141,674 (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 |
Disclosures on equity (Tables)
Disclosures on equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosures on equity | |
Schedule of controls capital management | The Company’s management controls capital management based on the following ratios: As of December 31, As of December 31, Capital Management 2022 2021 Description (1) Calculation (1) Net Financial Debt (ThUS$) (721,980) 204,692 Financial Debt – Financial Resources Other current Financial Liabilities + Other Non-Current Financial Liabilities– Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current Liquidity 2.29 4.62 Current Assets divided by Current Liabilities Total Current Assets / Total Current Liabilities ROE 79.37 % 18.41 % Profit for the year divided by Total Equity Profit for the year / Equity Adjusted EBITDA (ThUS$) 5,838,439 1,185,453 Adjusted EBITDA EBITDA – 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 on reversal (losses) of financial assets – Finance income – Currency differences. EBITDA (ThUS$) 5,817,605 1,140,086 EBITDA Profit (loss) + Depreciation and Amortization Expense adjustments + Finance Costs + Income Tax ROA 78.61 % 21.29 % Adjusted EBITDA – Depreciation divided by Total Assets net of financial resources less related parties’ investments (Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity accounted Investments) (LTM) Indebtedness (0.15) 0.06 Net Financial Debt on Equity Net Financial Debt / Total Equity |
Schedule of financial restrictions | The financial restrictions with respect to the bonds issued by the Company for the periods ended December 31, 2022 and 2021 are as follows. Financial restrictions (member) Financial Financial Financial Financial restrictions restrictions restrictions restrictions As of December 31, 2022 (member) (member) (member) (member) Instrument with restriction Bonds Bonds Bonds Bank loans Reporting party or subsidiary restriction Creditor Bondholders Bondholders Bondholders Scotiabank Registration number H Q O PB 70M Name of financial indicator or ratio (See definition in Note 20.1) NFD/Equity NFD/Equity NFD/Equity NFD/Equity Measurement frequency Quarterly Quarterly Quarterly Quarterly Restriction (Range, value and unit of measure) Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Indicator or ratio determined by the company -0.15 -0.15 -0.15 -0.15 Fulfilled YES/NO yes yes yes yes Financial restrictions (member) Financial Financial Financial Financial restrictions restrictions restrictions restrictions As of December 31, 2021 (member) (member) (member) (member) Instrument with restriction Bonds Bonds Bonds Bank loans Reporting party or subsidiary restriction Creditor Bondholders Bondholders Bondholders Scotiabank Registration number H Q O PB 70M Name of financial indicator or ratio (See definition in Note 20.1) NFD/Equity NFD/Equity NFD/Equity NFD/Equity Measurement frequency Quarterly Quarterly Quarterly Quarterly Restriction (Range, value and unit of measure) Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Must be less than 1.00 Indicator or ratio determined by the company 0.06 0.06 0.06 0.06 Fulfilled YES/NO yes yes yes yes |
Schedule of share issues | As of December 31, 2022, the Company has placed share issues in the market as described in note 1.6: As of December 31, 2022 As of December 31, 2021 As of December 31, 2020 Type of capital in preferred shares Series A Series B Series A Series B Series A Series B Description of type of capital in shares Number of authorized shares 142,819,552 142,818,904 142,819,552 142,818,904 142,819,552 120,376,972 Number of fully subscribed and paid shares 142,819,552 142,818,904 142,819,552 142,818,904 142,819,552 120,376,972 Number of subscribed, partially paid shares — — — — — — Increase (decrease) in the number of current shares — — — — — — Number of outstanding shares 142,818,904 142,818,904 142,818,904 142,818,904 142,819,552 120,376,972 Number of shares owned by the Company or its subsidiaries or associates 648 — 648 — — — 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 1,442,893 134,750 1,442,893 134,750 342,636 Total number of subscribed shares 142,819,552 142,818,904 142,819,552 142,818,904 142,819,552 120,376,972 19.4 As of December 31, 2022, 2021 and 2020, this caption comprises the following: As of As of As of December 31, December 31, December 31, Disclosures on reserves in equity 2022 2021 2020 ThUS$ ThUS$ ThUS$ Reserve for currency exchange conversion (1) (8,042) (7,913) (11,569) Reserve for cash flow hedges (2) (14,575) (34,025) 4,491 Reserve for gains and losses from financial assets measured at fair value through other comprehensive income (3) (10,973) (11,146) 6,872 Reserve for actuarial gains or losses in defined benefit plans (4) (9,198) (4,174) (8,680) Other reserves 11,663 13,103 16,318 Total (31,125) (44,155) 7,432 (1) This balance reflects retained earnings for changes in the exchange rate when converting the financial statements of subsidiaries whose functional currency is different from the US dollar. (2) 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. (3) This caption includes the fair value of equity investments that are not held for trading and that the group has irrevocably opted to recognize in this category upon initial recognition . 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. (4) This caption reflects the effects of changes in actuarial assumptions, mainly changes in the discount rate. |
Schedule of movement in other reserves | Movements in other reserves and changes in interest were as follows: Foreign Reserve for gains (losses) currency from financial assets translation Reserve for actuarial gains measured at fair value difference Reserve for cash flow and losses from defined through other Other (1) hedges benefit plans comprehensive income reserves Total reserves Before Before Before Deferred Before Deferred Before Deferred Total Movements taxes taxes Tax taxes taxes Taxes taxes taxes Reserves taxes reserves ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Opening balance as of January 1, 2020 (25,745) 9,879 (2,683) (11,482) 1,992 392 (662) 14,086 (12,870) (1,353) (14,223) Movement of reserves (404) (461) 1,001 955 (145) 9,784 (2,642) 2,537 9,166 (1,786) 7,380 Reclassification adjustments 14,580 (3,245) — — — — — (305) 14,275 — 14,275 Closing balance as of December 31, 2020 (11,569) 6,173 (1,682) (10,527) 1,847 10,176 (3,304) 16,318 10,571 (3,139) 7,432 Movement of reserves 4,046 (66,051) 14,246 4,648 (142) (12,072) 3,818 134 (56,006) 17,922 (38,084) Reclassification adjustments (390) 13,289 — — — — — (3,349) (3,739) — (3,739) Reclassification to retained earnings — — — — — (13,375) 3,611 — (13,375) 3,611 (9,764) Closing balance as of December 31, 2021 (7,913) (46,589) 12,564 (5,879) 1,705 (15,271) 4,125 13,103 (62,549) 18,394 (44,155) Movement of reserves (129) 36,079 (7,172) (6,276) 1,252 190 (17) (985) 28,879 (5,937) 22,942 Reclassification adjustments — (9,457) — — — — — (455) (9,912) — (9,912) Reclassification to retained earnings — — — — — — — — — — — Closing balance as of December 31, 2022 (8,042) (19,967) 5,392 (12,155) 2,957 (15,081) 4,108 11,663 (43,582) 12,457 (31,125) (1) See details on reserves for foreign currency translation differences on conversion in Note 23, letter b). |
Schedule of legal reserves reported in the individual financial statements of the subsidiaries | As of As of As of December 31, December 31, December 31, Subsidiary – Associate 2022 2021 2020 ThUS$ ThUS$ ThUS$ SQM Iberian S.A. 9,464 9,464 9,464 SQM Europe NV 1,957 1,957 1,957 Soquimich European holding B.V. 828 828 828 Abu Dhabi Fertilizer Industries WWL — 455 455 Kore Potash PLC — — 3,414 Soquimich Comercial S.A. (401) — — SQM Vitas Fzco. 85 (38) (244) Pavoni & C. Spa 7 7 — SQM Iberian S.A. (1,677) (1,677) (1,677) Orcoma Estudios SPA 2,121 2,121 2,121 SQM Industrial S.A. — 707 — Others (721) (721) — Total Other reserves 11,663 13,103 16,318 |
Schedule of noncontrolling interests | % of interests in the Profit (loss) attributable to non-controlling interests for the year ended Equity, non-controlling interests for the year ended Dividends paid to non-controlling interests for the year ended ownership held by non- As of As of As of As of As of As of Subsidiary controlling interests December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM Potasio S.A. 0.0000001% — — — — — — Ajay SQM Chile S.A. 4900000% 2,415 769 8,986 8,382 1,812 577 Soquimich Comercial S.A. 3936168% 5,558 5,926 26,383 26,665 5,558 11,831 Comercial Agrorama Ltda. 3000000% — 56 — (596) — — SQM Indonesia S.A. 2000000% — — — — — — SQM Thailand Limited 0.00200% — — — — — — Total 7,973 6,751 35,369 34,451 7,370 12,408 |
Schedule of dividends | Dividends discounted from equity from January to December 2022 and 2021 were the following: As of As of As of December 31, December 31, December 31, Dividends 2022 2021 2020 ThUS$ ThUS$ ThUS$ Interim dividend 2,204,229 157,774 44,986 Special dividend — 399,998 100,000 Dividends payable — 27,681 4,369 Owners of the Parent 2,204,229 585,453 149,355 Special dividend — 5,904 5,904 Dividends according to policy 7,369 6,504 4,214 Non-controlling interests 7,369 12,408 10,118 Dividends discounted from equity for the period 2,211,598 597,861 159,473 |
Gains (losses) from operating_2
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature | |
Schedule of revenue from operating activities customer activities | The Group derives revenues from the sale of goods (which are recognized at one point in time) and from the provision of services (which are recognized over time) and are distributed among the following geographical areas and main product and service lines: (a) Geographic areas: For the year ended December 31, 2022 Specialty plant Iodine and Lithium and Industrial Total Geographic areas nutrition derivatives derivatives Potassium chemicals Other ThUS$ Chile 128,829 1,523 1,854 64,409 1,199 25,334 223,148 Latin America and the Caribbean 125,712 16,328 5,275 179,621 11,820 1,185 339,941 Europe 196,930 288,854 390,832 27,275 27,725 942 932,558 North America 489,327 141,683 151,152 71,711 59,402 912 914,187 Asia and Others 231,536 305,951 7,603,826 94,164 65,054 213 8,300,744 Total 1,172,334 754,339 8,152,939 437,180 165,200 28,586 10,710,578 For the year ended December 31, 2021 Specialty plant Iodine and Lithium and Industrial Total Geographic areas nutrition derivatives derivatives Potassium chemicals Other ThUS$ Chile 136,523 1,538 901 50,573 4,125 25,988 219,648 Latin America and the Caribbean 88,990 10,198 4,905 214,304 7,367 523 326,287 Europa 179,744 173,329 75,674 33,948 18,662 1,408 482,765 North America 314,895 102,746 50,349 57,682 29,860 2,470 558,002 Asia and Others 188,663 150,120 804,292 60,085 71,997 456 1,275,613 Total 908,815 437,931 936,121 416,592 132,011 30,845 2,862,315 For the year ended December 31, 2020 Specialty plant Iodine and Lithium and Industrial Total Geographic areas nutrition derivatives derivatives Potassium chemicals Other ThUS$ Chile 100,353 1,234 399 23,963 4,059 23,737 153,745 Latin America and the Caribbean 69,535 10,843 1,597 72,697 4,951 367 159,990 Europa 145,896 142,161 49,719 30,029 11,585 735 380,125 North America 246,737 90,292 25,558 39,432 23,963 1,588 427,570 Asia and Others 139,167 90,127 306,100 43,173 116,050 1,144 695,761 Total 701,688 334,657 383,373 209,294 160,608 27,571 1,817,191 |
Schedule of main product and service lines | For the period from January to December of the year Products and Services 2022 2021 2020 ThUS$ ThUS$ ThUS$ Specialty plant nutrition 1,172,334 908,815 701,688 - Sodium Nitrates 21,294 24,829 18,291 - Potassium nitrate and sodium potassium nitrate 700,081 539,336 424,041 - Specialty Blends 285,027 234,369 163,033 - Other specialty fertilizers 165,932 110,281 96,323 Iodine and derivatives 754,339 437,931 334,657 Lithium and derivatives 8,152,939 936,121 383,373 Potassium 437,180 416,592 209,294 Industrial chemicals 165,200 132,011 160,608 Other 28,586 30,845 27,571 - Services 3,785 3,428 3,241 - Income from property leases 454 1,531 1,457 - Income from subleases on right-of-use assets 142 146 176 - Commodities 11,838 12,468 11,938 - Other ordinary income of Commercial Offices 12,367 13,272 10,759 Total 10,710,578 2,862,315 1,817,191 |
Schedule of cost of sales | 21.2 Cost of sales broken down by nature of expense: For the period from January to December of the year Nature of expense 2022 2021 2020 ThUS$ ThUS$ ThUS$ Raw materials and consumables used (561,709) (345,356) (287,877) Classes of employee benefit expenses (308,744) (211,771) (178,956) Depreciation expense (218,714) (195,678) (182,314) Depreciation of Right-of-use Assets (contracts under IFRS 16) (6,549) (5,963) (5,814) Amortization expense (16,413) (9,737) (12,938) Investment plan expenses (18,293) (15,059) (14,286) Provision for materials, spare parts and supplies (7,099) (505) 640 Contractors (194,296) (157,571) (142,017) Operating leases (71,420) (67,106) (57,461) Mining concessions (14,585) (7,325) (6,645) Operational transportation (91,130) (76,004) (68,730) Freight / product transportation costs (94,727) (77,353) (52,156) Purchase of products from third parties (473,742) (329,464) (260,089) Insurance (43,323) (21,869) (17,657) Corfo rights and other agreements (3,272,897) (247,604) (74,418) Export costs (153,162) (99,212) (88,176) Expenses related to variable lease payments (contracts under IFRS 16) (3,631) (1,313) (1,117) Variation in gross inventory 631,156 85,709 102,446 Variation in inventory provision (27,324) 5,038 7,244 Other (27,351) 5,935 6,000 Total (4,973,953) (1,772,208) (1,334,321) |
Schedule of other income | 21.3 For the period from January to December of the year Other income 2022 2021 2020 ThUS$ ThUS$ ThUS$ Discounts obtained from suppliers 1,404 896 665 Fines charged to suppliers 593 83 267 Taxes recovered 1,646 1,811 1,487 Amounts recovered from insurance 86 293 14,861 Overestimate of provisions for third-party obligations 365 287 118 Sale of assets classified as properties, plant and equipment 246 311 1,626 Sale of mining rights 1,126 8,796 5,852 Easements, pipelines and roads 2,106 4,949 1,619 Refunds for mining patents and notarial expenses 20 198 85 Others 2,262 1,928 313 Total 9,854 19,552 26,893 |
Schedule of administrative expenses | 21.4 For the period from January to December of the year Administrative expenses 2022 2021 2020 ThUS$ ThUS$ ThUS$ Employee benefit expenses (63,713) (60,552) (55,152) Marketing costs (5,661) (2,415) (2,377) Amortization expenses (126) (118) (91) Entertainment expenses (5,576) (4,906) (4,858) Advisory services (27,235) (17,332) (13,880) Lease of buildings and facilities (3,829) (3,478) (3,111) Insurance (3,011) (3,901) (3,478) Office expenses (8,596) (6,363) (6,204) Contractors (7,283) (5,106) (5,079) Depreciation of Right-of-use Assets (contracts under IFRS 16) (2,656) (2,743) (2,617) Other expenses (14,958) (11,979) (10,170) Total (142,644) (118,893) (107,017) |
Schedule of other expenses | 21.5 For the period from January to December of the year Other expenses 2022 2021 2020 ThUS$ ThUS$ ThUS$ Depreciation and amortization expense Depreciation of assets not in use — — (138) Subtotal — — (138) Impairment (losses) /reversals of impairment losses recognized in profit for the year Properties, plant and equipment (8,084) (5,582) (9,563) Intangible assets other than goodwill (520) (478) (1,941) Goodwill (33,629) — (140) Non-current assets and disposal groups held for sale — — — Subtotal (42,233) (6,060) (11,644) Other expenses, by nature Legal expenses (6,841) (42,254) (69,965) VAT and other unrecoverable taxes (5,694) (1,015) (626) Fines paid (617) (882) (314) Investment plan expenses (727) 1 (768) Exploration expenses — (284) (5,262) Contributions and donations (19,096) (9,037) (8,793) Other operating expenses (763) (1,074) (2,102) Subtotal (33,738) (54,545) (87,830) Total (75,971) (60,605) (99,612) |
Schedule of other gains (losses) | 21.6 For the period from January to December of the year Other (losses) income 2022 2021 2020 ThUS$ ThUS$ ThUS$ Sale of investments in associates 60 — (11,830) Adjust previous year application method of participation — — (49) Impairment of interests in associates 1,349 (2,009) 7,235 Sale of investments in joint ventures — — (481) Others (1,292) (629) (188) Total 117 (2,638) (5,313) |
Schedule of (impairment) reversal of losses of financial assets | 21.7 For the period from January to December of the year (Impairment) reversal of losses of financial assets 2022 2021 2020 ThUS$ ThUS$ ThUS$ (Impairment) /reversal of losses of financial assets (See Note 12.2) 3,369 (235) 4,684 Totals 3,369 (235) 4,684 |
Schedule of expenses by nature | 21.8 The following summary considers notes 21.2, 21.4 and 21.5 For the period from January to December of the year Expenses by nature 2022 2021 2020 ThUS$ ThUS$ ThUS$ Raw materials and consumables (561,709) (345,356) (287,877) Employee benefit expenses (372,457) (272,323) (234,108) Depreciation expense (218,714) (195,678) (182,452) Depreciation of right-of-use assets (9,205) (8,706) (8,431) Impairment of properties, plant and equipment, intangible and Goodwill (42,233) (6,060) (11,644) Amortization expense (16,539) (9,855) (13,029) Legal expenses (6,841) (42,254) (69,965) Investment plan expenses (19,020) (15,058) (15,054) Exploration expenses — (284) (5,262) Provision for materials, spare parts and supplies (7,099) (505) 640 Contractors (201,579) (162,677) (147,096) Operational leases (75,249) (70,584) (60,572) Mining concessions (14,585) (7,325) (6,645) Operational transportation (91,130) (76,004) (68,730) Freight and product transportation costs (94,727) (77,353) (52,156) Purchase of products from third parties (473,742) (329,464) (260,089) Corfo rights and other agreements (3,272,897) (247,604) (74,418) Export costs (153,162) (99,212) (88,176) Expenses related to variable lease payments (contracts under IFRS 16) (3,631) (1,313) (1,117) Insurance (46,334) (25,770) (21,135) Consultant and advisor services (27,235) (17,332) (13,880) Variation in gross inventory 631,156 85,709 102,446 Variation in inventory provision (27,324) 5,038 7,244 Other expenses (88,312) (31,736) (29,444) Total expenses by nature (5,192,568) (1,951,706) (1,540,950) |
Schedule of finance expenses | 21.9 For the period from January to December of the year Finance expenses 2022 2021 2020 ThUS$ ThUS$ ThUS$ Interest expense from bank borrowings and overdrafts (3,065) (2,664) (2,797) Interest expense from bonds (108,387) (90,859) (87,030) Interest expense from loans (2,098) (1,135) (1,598) Reversal of capitalized interest expenses 24,708 14,206 8,462 Financial expenses for restoration and rehabilitation provisions 9,357 (1,259) 2,947 Interest on lease agreement (1,226) (1,587) (1,133) Interest and bank charges (5,940) (1,328) (1,050) Total (86,651) (84,626) (82,199) |
Schedule of finance income | 21.10 For the period from January to December of the year Finance income 2022 2021 2020 ThUS$ ThUS$ ThUS$ Interest from term deposits 31,122 3,635 10,260 Interest from marketable securities 10,252 68 2,147 Interest from maintenance of minimum bank balance in current account 6 2 18 Other finance income 3,318 107 259 Other finance interests 2,340 856 1,031 Total 47,038 4,668 13,715 |
Reportable segments (Tables)
Reportable segments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Reportable segments | |
Schedule of operating segments | Specialty Other Total as of plant Iodine and its Lithium and Industrial products Reportable Operating Unallocated December 31, Operating segment items for the year ended December 31, 2022 nutrients derivatives its derivatives chemicals Potassium and services segments segments amounts 2022 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 1,172,334 754,339 8,152,939 165,200 437,180 28,586 10,710,578 10,710,578 — 10,710,578 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 1,172,334 754,339 8,152,939 165,200 437,180 28,586 10,710,578 10,710,578 — 10,710,578 Costs of sales (722,261) (282,100) (3,636,852) (112,247) (193,581) (26,912) (4,973,953) (4,973,953) — (4,973,953) Administrative expenses — — — — — — — — (142,644) (142,644) Finance expense — — — — — — — — (86,651) (86,651) Depreciation and amortization expense (63,321) (53,734) (88,510) (14,724) (24,043) (126) (244,458) (244,458) — (244,458) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method — — — — — — — — 20,159 20,159 Income before taxes 450,073 472,239 4,516,087 52,953 243,599 1,674 5,736,625 5,736,625 (250,129) 5,486,496 Income tax expense — — — — — — — — (1,572,212) (1,572,212) Net income (loss) 450,073 472,239 4,516,087 52,953 243,599 1,674 5,736,625 5,736,625 (1,822,341) 3,914,284 Assets — — — — — — — — 10,819,101 10,819,101 Equity-accounted investees — — — — — — — — 54,386 54,386 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts — — — — — — — — 1,757,581 1,757,581 Liabilities — — — — — — — — 5,887,100 5,887,100 Impairment loss of financial assets recognized in profit or loss — — 3,369 3,369 Impairment loss of non-financial assets recognized in profit or loss — — — — — — — — (42,233) (42,233) Cash flows Cash flows from operating activities — — — — — — — — 4,077,595 4,077,595 Cash flows used in investing activities — — — — — — — — (909,401) (909,401) Cash flows from financing activities — — — — — — — — (2,002,969) (2,002,969) Specialty Other Total as of plant Iodine and its Lithium and Industrial products Reportable Operating Unallocated December 31, Operating segment items for the year ended December 31, 2021 nutrients derivatives its derivatives chemicals Potassium and services segments segments amounts 2021 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 908,815 437,931 936,121 132,011 416,592 30,845 2,862,315 2,862,315 — 2,862,315 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 908,815 437,931 936,121 132,011 416,592 30,845 2,862,315 2,862,315 — 2,862,315 Costs of sales (646,930) (240,341) (494,794) (109,067) (253,125) (27,951) (1,772,208) (1,772,208) — (1,772,208) Administrative expenses — — — — — — — — (118,893) (118,893) Finance expense — — — — — — — — (84,626) (84,626) Depreciation and amortization expense (58,808) (41,215) (65,014) (13,743) (35,290) (169) (214,239) (214,239) — (214,239) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method — — — — — — — — 11,132 11,132 Income before taxes 261,885 197,590 441,327 22,944 163,467 2,894 1,090,107 1,090,107 (248,886) 841,221 Income tax expense — — — — — — — — (249,016) (249,016) Net income (loss) 261,885 197,590 441,327 22,944 163,467 2,894 1,090,107 1,090,107 (497,902) 592,205 Assets — — — — — — — — 7,180,201 7,180,201 Equity-accounted investees — — — — — — — — 39,824 39,824 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts — — — — — — — — 152,663 152,663 Liabilities — — — — — — — — 3,964,230 3,964,230 Impairment loss of financial assets recognized in profit or loss — — (235) (235) Impairment loss of non-financial assets recognized in profit or loss — — — — — — — — (6,060) (6,060) Cash flows Cash flows from operating activities — — — — — — — — 822,520 822,520 Cash flows used in investing activities — — — — — — — — (1,006,943) (1,006,943) Cash flows from financing activities — — — — — — — — 1,206,485 1,206,485 Specialty Other Total as of plant Iodine and its Lithium and Industrial products Reportable Operating Unallocated December 31, Operating segment items for the year ended December 31, 2020 nutrients derivatives its derivatives chemicals Potassium and services segments segments amounts 2020 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 701,688 334,657 383,373 160,608 209,294 27,571 1,817,191 1,817,191 — 1,817,191 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 701,688 334,657 383,373 160,608 209,294 27,571 1,817,191 1,817,191 — 1,817,191 Costs of sales (537,801) (168,499) (297,048) (119,092) (187,019) (24,862) (1,334,321) (1,334,321) — (1,334,321) Administrative expenses — — — — — — — — (107,017) (107,017) Finance expense — — — — — — — — (82,199) (82,199) Depreciation and amortization expense (55,335) (40,687) (56,092) (14,136) (34,570) (3,092) (203,912) (203,912) — (203,912) The entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method — — — — — — — — 8,940 8,940 Income before taxes 163,887 166,158 86,325 41,516 22,275 2,709 482,870 482,870 (244,332) 238,538 Income tax expense — — — — — — — — (70,179) (70,179) Net income (loss) 163,887 166,158 86,325 41,516 22,275 2,709 482,870 482,870 (314,511) 168,359 Assets — — — — — — — — 4,818,463 4,818,463 Equity-accounted investees — — — — — — — — 85,993 85,993 Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts — — — — — — — — 358,009 358,009 Other Liabilities — — — — — — — — 2,655,885 2,655,885 Impairment loss of financial assets recognized in profit or loss — — — — — — — — 4,684 4,684 Impairment loss of non-financial assets recognized in profit or loss — — — — — — — — (11,644) (11,644) Cash flows Cash flows from operating activities — — — — — — — — 182,234 182,234 Cash flows used in investing activities — — — — — — — — (167,091) (167,091) Cash flows from financing activities — — — — — — — — (94,132) (94,132) Items in the statement of comprehensive income for the year ended December 31,2022 Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Corporate Unit Total segments and Corporate unit ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 1,172,334 754,339 8,152,939 165,200 437,180 28,586 — 10,710,578 Costs of sales (722,261) (282,100) (3,636,852) (112,247) (193,581) (26,912) — (4,973,953) Gross profit 450,073 472,239 4,516,087 52,953 243,599 1,674 — 5,736,625 Other incomes by function — — — — — — 9,854 9,854 Administrative expenses — — — — — — (142,644) (142,644) Other expenses by function — — — — — — (75,971) (75,971) Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 — — — — — — 3,369 3,369 Other losses — — — — — — 117 117 Financial income — — — — — — 47,038 47,038 Financial costs — — — — — — (86,651) (86,651) Interest in the profit (loss) of associates and joint ventures accounted for by the equity method — — — — — — 20,159 20,159 Exchange differences — — — — — — (25,400) (25,400) Profit (loss) before taxes 450,073 472,239 4,516,087 52,953 243,599 1,674 (250,129) 5,486,496 Income tax expense — — — — — — (1,572,212) (1,572,212) Profit (loss) net 450,073 472,239 4,516,087 52,953 243,599 1,674 (1,822,341) 3,914,284 Items in the statement of comprehensive income for the year ended December 31,2021 Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Corporate Unit Total segments and Corporate unit ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 908,815 437,931 936,121 132,011 416,592 30,845 — 2,862,315 Costs of sales (646,930) (240,341) (494,794) (109,067) (253,125) (27,951) — (1,772,208) Gross profit 261,885 197,590 441,327 22,944 163,467 2,894 — 1,090,107 Other incomes by function — — — — — — 19,552 19,552 Administrative expenses — — — — — — (118,893) (118,893) Other expenses by function — — — — — — (60,605) (60,605) Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 — — — — — — (235) (235) Other losses — — — — — — (2,638) (2,638) Financial income — — — — — — 4,668 4,668 Financial costs — — — — — — (84,626) (84,626) Interest in the profit (loss) of associates and joint ventures accounted for by the equity method — — — — — — 11,132 11,132 Exchange differences — — — — — — (17,241) (17,241) Profit (loss) before taxes 261,885 197,590 441,327 22,944 163,467 2,894 (248,886) 841,221 Income tax expense — — — — — — (249,016) (249,016) Profit (loss) net 261,885 197,590 441,327 22,944 163,467 2,894 (497,902) 592,205 Items in the statement of comprehensive income for the year ended December 31,2020 Specialty plant nutrients Iodine and its derivatives Lithium and its derivatives Industrial chemicals Potassium Other products and services Corporate Unit Total segments and Corporate unit ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue 701,688 334,657 383,373 160,608 209,294 27,571 — 1,817,191 Cost of sales (537,801) (168,499) (297,048) (119,092) (187,019) (24,862) — (1,334,321) Gross profit 163,887 166,158 86,325 41,516 22,275 2,709 — 482,870 Other incomes by function — — — — — — 26,893 26,893 Administrative expenses — — — — — — (107,017) (107,017) Other expenses by function — — — — — — (99,612) (99,612) Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 — — — — — — 4,684 4,684 Other losses — — — — — — (5,313) (5,313) Financial income — — — — — — 13,715 13,715 Financial costs — — — — — — (82,199) (82,199) Interest in the profit (loss) of associates and joint ventures accounted for by the equity method — — — — — — 8,940 8,940 Exchange differences — — — — — — (4,423) (4,423) Profit (loss) before taxes 163,887 166,158 86,325 41,516 22,275 2,709 (244,332) 238,538 Income tax expense — — — — — — (70,179) (70,179) Profit (loss) from continuing operations 163,887 166,158 86,325 41,516 22,275 2,709 (314,511) 168,359 |
Schedule of geographical areas | Latin America and the Segements by geographical areas Chile Caribbean Europe North America Asia and others Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue at December 31, 2022 223,148 339,940 932,558 914,187 8,300,745 10,710,578 Non-current assets at December 31, 2022 Investment accounted for under the equity method — 20,792 15,939 17,655 — 54,386 Intangible assets other than goodwill 75,666 428 6,497 1,345 82,400 166,336 Goodwill — 86 158 723 — 967 Property, plant and equipment, net 2,269,923 743 14,978 4,506 436,688 2,726,838 Right-of-use assets 32,312 47 1,651 2,739 24,118 60,867 Other non-current assets 46,640 17 6 4,706 1,027 52,396 Non-current assets 2,424,541 22,113 39,229 31,674 544,233 3,061,790 Latin America and the Segements by geographical areas Chile Caribbean Europe North America Asia and others Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue for the year ended December 31, 2021 219,648 326,287 482,765 558,002 1,275,613 2,862,315 Non-current assets at December 31, 2021 Investment accounted for under the equity method — 8,683 15,242 15,899 — 39,824 Intangible assets other than goodwill 89,019 496 6,996 1,809 81,338 179,658 Goodwill 22,979 86 11,531 — — 34,596 Property, plant and equipment, net 1,815,997 671 11,380 3,704 180,473 2,012,225 Right-of-use assets 29,803 68 2,040 3,351 17,346 52,608 Other non-current assets 27,626 16 6 3,950 1,889 33,487 Non-current assets 1,985,424 10,020 47,195 28,713 281,046 2,352,398 Latin America and the Segements by geographical areas Chile Caribbean Europe North America Asia and others Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Revenue for the year ended December 31, 2020 153,745 159,990 380,126 427,572 695,758 1,817,191 Non-current assets at December 31, 2020 Investment accounted for under the equity method — — 41,273 14,468 30,252 85,993 Intangible assets other than goodwill 95,934 565 825 2,274 78,809 178,407 Goodwill 23,065 — 18,901 — — 41,966 Property, plant and equipment, net 1,667,824 642 12,592 3,494 52,767 1,737,319 Right-of-use assets 23,461 2,298 2,428 1,776 61 30,024 Other non-current assets 19,377 17 7 2,641 — 22,042 Non-current assets 1,829,661 3,522 76,026 24,653 161,889 2,095,751 |
Effect of fluctuations in for_2
Effect of fluctuations in foreign currency exchange rates (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Effect of fluctuations in foreign currency exchange rates | |
Schedule of reserves for foreign currency exchange differences | As of As of As of December 31, December 31, December 31, Details 2022 2021 2020 ThUS$ ThUS$ ThUS$ Changes in equity generated by the equity method value through conversion: Comercial Hydro S.A. 1,004 1,004 1,004 SQMC Internacional Ltda. (9) (9) (9) Proinsa Ltda. (10) (10) (10) Comercial Agrorama Ltda. 175 155 (19) Isapre Norte Grande Ltda. (130) (121) (14) Almacenes y Depósitos Ltda. 568 305 211 Sacal S.A. (3) (3) (3) Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. (38) (36) (13) Agrorama S.A. 666 628 92 SQM Vitas Fzco (3,614) (4,165) (3,736) Ajay Europe (1,911) (1,413) (693) SQM Oceanía Pty Ltd. (579) (579) (579) SQM Indonesia S.A. (124) (124) (124) Abu Dhabi Fertillizers Industries WWL. — 372 372 SQM Holland B.V. 99 99 99 SQM Thailand Limited (68) (68) (68) SQM Europe (1,983) (1,983) (1,983) SQM Australia Pty Ltd. (1,642) (1,732) (4,052) Pavoni & C. Spa (363) (153) 164 Kore Potash PLC (a) — — (2,128) SQM Colombia S.A.S. (80) (80) (80) Total (8,042) (7,913) (11,569) |
Disclosures on the effects of_2
Disclosures on the effects of fluctuations in foreign currency exchange rates (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosures on the effects of fluctuations in foreign currency exchange rates | |
Schedule of assets held in foreign currency subject to fluctuations in exchange rates | As of As of December 31, December 31, Class of Asset Currency 2022 2021 ThUS$ ThUS$ Cash and cash equivalents USD 1,637,507 1,377,983 Cash and cash equivalents CLP 806,106 4,416 Cash and cash equivalents CNY 92,394 30,102 Cash and cash equivalents EUR 14,963 14,374 Cash and cash equivalents GBP 1 1 Cash and cash equivalents AUD 89,602 72,107 Cash and cash equivalents INR — — Cash and cash equivalents MXN 1,406 1,827 Cash and cash equivalents PEN — 6 Cash and cash equivalents AED 2 1 Cash and cash equivalents JPY 686 1,182 Cash and cash equivalents ZAR 11,647 13,048 Cash and cash equivalents KRW 918 — Cash and cash equivalents IDR 3 3 Cash and cash equivalents PLN 1 1 Subtotal cash and cash equivalents 2,655,236 1,515,051 Other current financial assets USD 722,165 668,360 Other current financial assets BRL 39 48 Other current financial assets CLP 239,151 250,641 Subtotal other current financial assets 961,355 919,049 Other current non-financial assets USD 35,237 18,486 Other current non-financial assets AUD 9,516 11,066 Other current non-financial assets CLF 259 150 Other current non-financial assets CLP 85,608 27,536 Other current non-financial assets CNY 56,404 5,213 Other current non-financial assets EUR 1,046 1,050 Other current non-financial assets COP 217 153 Other current non-financial assets MXN 4,685 6,092 Other current non-financial assets THB 2 8 Other current non-financial assets JPY 158 73 Other current non-financial assets ZAR 3,203 42 Other current non-financial assets SEK — 1 Subtotal other non-financial current assets 196,335 69,870 Trade and other receivables USD 788,596 400,753 Trade and other receivables PEN — — Trade and other receivables BRL 22 21 Trade and other receivables CLF 550 459 Trade and other receivables CLP 58,412 43,496 Trade and other receivables CNY 161,492 108,822 Trade and other receivables EUR 36,318 35,514 Trade and other receivables GBP 76 46 Trade and other receivables MXN 889 237 Trade and other receivables AED 3,116 1,888 Trade and other receivables JPY 129 36,000 Trade and other receivables AUD 1,708 1,214 Trade and other receivables ZAR 33,361 23,568 Trade and other receivables COP 2,751 2,055 Subtotal trade and other receivables 1,087,420 654,073 Receivables from related parties USD 79,331 83,088 Receivables from related parties EUR 1,250 1,150 Receivables from related parties AUD 1,041 1,914 Subtotal receivables from related parties 81,622 86,152 As of As of December 31, December 31, Class of assets Currency 2022 2021 ThUS$ ThUS$ Current inventories USD 1,784,281 1,183,776 Subtotal Current Inventories 1,784,281 1,183,776 Current tax assets USD 127,068 154,709 Current tax assets BRL 1 1 Current tax assets CLP 2,125 1,727 Current tax assets EUR 14,042 171 Current tax assets MXN 59 31 Current tax assets PEN — 3 Current tax assets JPY 77,397 3 Current tax assets ZAR 28 13 Current tax assets COP 1,481 887 Current tax assets KRW 2,713 — Subtotal current tax assets 224,914 157,545 Non-current assets or groups of assets classified as held for sale USD 346 582 Subtotal Non-current assets or groups of assets classified as held for sale 346 582 Total current assets 6,991,509 4,586,098 Other non-current financial assets USD 32,126 9,268 Subtotal Other non-current financial assets 32,126 9,268 Other non-current non-financial assets USD 52,396 33,487 Subtotal Other non-current non-financial assets 52,396 33,487 Other receivables, non-current USD 713 5,239 Other receivables, non-current CLF 77 86 Other receivables, non-current MXN 88 26 Other receivables, non-current CLP 1,213 821 Subtotal Other receivables, non-current 2,091 6,172 Investments classified using the equity method of accounting USD 22,959 20,526 Investments classified using the equity method of accounting AED 19,597 7,879 Investments classified using the equity method of accounting EUR 11,830 11,419 Subtotal Investments classified using the equity method of accounting 54,386 39,824 Intangible assets other than goodwill USD 166,336 179,658 Subtotal intangible assets other than goodwill 166,336 179,658 Purchases goodwill, gross USD 967 34,596 Subtotal Purchases goodwill, gross 967 34,596 Property, plant and equipment USD 2,726,838 2,012,225 Subtotal property, plant and equipment 2,726,838 2,012,225 Right-of-use assets USD 60,867 52,608 Subtotal Right-of-use assets 60,867 52,608 Non-current tax assets USD 127,114 90,364 Subtotal non-current tax assets 127,114 90,364 Deferred tax assets USD 604,471 135,904 Subtotal Deferred tax assets 604,471 135,904 Total non-current assets 3,827,592 2,594,106 Total assets 10,819,101 7,180,204 |
Schedule of liabilities held in foreign currencies | As of December 31, 2022 As of December 31, 2021 More than 90 More than 90 Class of liability Currency Up to 90 days days to 1 year Total Up to 90 days days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current liabilities Other current financial liabilities USD 120,652 381,922 502,574 28,519 4,234 32,753 Other current financial liabilities CLF 20,094 331 20,425 18,259 293 18,552 Subtotal other current financial liabilities 140,746 382,253 522,999 46,778 4,527 51,305 Lease liabilities, current USD — 6,549 6,549 — 4,625 4,625 Lease liabilities, current CLF — 2,331 2,331 — 2,263 2,263 Lease liabilities, current MXN — 436 436 — 434 434 Lease liabilities, current EUR — 387 387 — 382 382 Lease liabilities, current AUD — 2,446 2,446 — — — Subtotal Lease liabilities, current — 12,149 12,149 — 7,704 7,704 Trade and other payables USD 121,260 110 121,370 98,918 76 98,994 Trade and other payables CLF 2,618 — 2,618 1,330 — 1,330 Trade and other payables BRL 10 — 10 5 — 5 Trade and other payables THB 4 — 4 2 — 2 Trade and other payables CLP 162,470 — 162,470 115,504 — 115,504 Trade and other payables CNY 4,757 — 4,757 3,198 — 3,198 Trade and other payables EUR 56,118 564 56,682 41,242 984 42,226 Trade and other payables GBP 18 — 18 18 — 18 Trade and other payables INR — — — 1 — 1 Trade and other payables MXN 802 — 802 881 — 881 Trade and other payables PEN — — — 1 — 1 Trade and other payables AUD 24,394 — 24,394 15,876 — 15,876 Trade and other payables ZAR 1,256 — 1,256 1,288 — 1,288 Trade and other payables AED 72 — 72 — — — Trade and other payables JPY — — — 99 — 99 Trade and other payables CHF 32 — 32 — — — Trade and other payables COP 115 — 115 227 — 227 Trade and other payables KRW 189 — 189 — — — Subtotal trade and other payables 374,115 674 374,789 278,590 1,060 279,650 Other current provisions USD 1,300,878 2,051 1,302,929 54,134 263,332 317,466 Other current provisions CLP — 217 217 200 — 200 Subtotal other current provisions 1,300,878 2,268 1,303,146 54,334 263,332 317,666 As of December 31, 2022 As of December 31, 2021 Class of liability Currency Up to90 days 91 days to 1 year Total Up to90 days 91 days to 1 year Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current tax liabilities USD — 348,658 348,658 — 149,997 149,997 Current tax liabilities CLP — 999 999 — 12 12 Current tax liabilities EUR — 1,386 1,386 — 5,547 5,547 Current tax liabilities MXN — 5,568 5,568 — 1,841 1,841 Current tax liabilities CNY — — — — 9,538 9,538 Subtotal current tax liabilities — 356,611 356,611 — 166,935 166,935 Provisions for employee benefits, current USD 25,867 8,631 34,498 14,341 11,776 26,117 Provisions for employee benefits, current AUD 390 — 390 — 272 272 Provisions for employee benefits, current EUR 385 — 385 214 — 214 Provisions for employee benefits, current MXN 103 — 103 172 — 172 Subtotal Provisions for employee benefits, current 26,745 8,631 35,376 14,727 12,048 26,775 Other current non-financial liabilities USD 393,401 98 393,499 99,643 8,593 108,236 Other current non-financial liabilities BRL 1 — 1 1 — 1 Other current non-financial liabilities CLP 8,281 39,456 47,737 6,342 2,941 9,283 Other current non-financial liabilities CNY 92 — 92 20,736 — 20,736 Other current non-financial liabilities EUR 1,564 250 1,814 1,281 423 1,704 Other current non-financial liabilities MXN 725 14 739 562 — 562 Other current non-financial liabilities JPY 47 — 47 32 — 32 Other current non-financial liabilities PEN — — — 70 — 70 Other current non-financial liabilities COP 250 — 250 — 157 157 Other current non-financial liabilities ARS 26 — 26 47 — 47 Other current non-financial liabilities ZAR — 1 1 846 — 846 Other current non-financial liabilities KRW 2,271 — 2,271 — — — Subtotal other current non-financial liabilities 406,658 39,819 446,477 129,560 12,114 141,674 Total current liabilities 2,249,142 802,405 3,051,547 523,989 467,720 991,709 As of December 31, 2022 Over 1 year to 2 Over 2 years to 3 Over 3 years to 4 Over 4 years to 5 Class of liability Currency years years years years Over 5 years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Non-current liabilities Other non-current financial liabilities USD — 197,521 249,531 — 1,544,654 1,991,706 Other non-current financial liabilities CLF — — — — 402,512 402,512 Subtotal Other non-current financial liabilities — 197,521 249,531 — 1,947,166 2,394,218 Non-current lease liabilities USD — 13,566 — 22,500 — 36,066 Non-current lease liabilities CLP — — — 23 — 23 Non-current lease liabilities CLF — — — 10,982 — 10,982 Non-current lease liabilities MXN — — — 1,094 — 1,094 Non-current lease liabilities EUR — — — 1,420 — 1,420 Subtotal non-current lease liabilities — 13,566 — 36,019 — 49,585 Non-current Trade and other payables USD — — — — — — Subtotal Non-current Trade and other payables — — — — — — Other non-current provisions USD — 3,648 — 26,200 28,205 58,053 Subtotal Other non-current provisions — 3,648 — 26,200 28,205 58,053 Deferred tax liabilities USD — 289,825 — — — 289,825 Subtotal Deferred tax liabilities — 289,825 — — — 289,825 Provisions for employee benefits, non-current USD 34,326 — — — 9,006 43,332 Provisions for employee benefits, non-current CLP 540 — — — — 540 Subtotal Provisions for employee benefits, non-current 34,866 — — — 9,006 43,872 Total non-current liabilities 34,866 504,560 249,531 62,219 1,984,377 2,835,553 Total liabilities 5,887,100 As of December 31, 2021 Over 1 year to 2 Over 2 years to 3 Over 3 years to 4 Over 4 years to 5 Class of liability Currency years years years years Over 5 years Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Non-current liabilities Other non-current financial liabilities USD 369,446 72,900 249,097 — 1,523,473 2,214,916 Other non-current financial liabilities CLF — — — — 372,816 372,816 Subtotal Other non-current financial liabilities 369,446 72,900 249,097 — 1,896,289 2,587,732 Non-current lease liabilities USD — 6,695 — 23,174 — 29,869 Non-current lease liabilities CLF — — — 13,313 — 13,313 Non-current lease liabilities MXN — — — 1,530 — 1,530 Non-current lease liabilities JPY — — — 1,807 — 1,807 Subtotal non-current lease liabilities — 6,695 — 39,824 — 46,519 Non-current Trade and other payables USD — 3,813 — — — 3,813 Subtotal Non-current Trade and other payables — 3,813 — — — 3,813 Other non-current provisions USD — 4,257 — 31,017 25,764 61,038 Subtotal Other non-current provisions — 4,257 — 31,017 25,764 61,038 Deferred tax liabilities USD — 136,823 — — 109,497 246,320 Subtotal Deferred tax liabilities — 136,823 — — 109,497 246,320 Provisions for employee benefits, non-current USD 26,710 — — — — 26,710 Provisions for employee benefits, non-current CLP 389 — — — — 389 Subtotal Provisions for employee benefits, non-current 27,099 — — — — 27,099 Total non-current liabilities 396,545 224,488 249,097 70,841 2,031,550 2,972,521 Total liabilities 3,964,230 |
Schedule of exchange rate changes on the statement of income explanatory | For the period from January to December of the year Foreign currency exchange rate changes 2022 2021 2020 ThUS$ ThUS$ ThUS$ Foreign currency loss (25,400) (17,241) (4,423) Foreign currency translation reserve (255) 4,240 14,000 Total (25,655) (13,001) 9,577 |
Income tax and deferred taxes (
Income tax and deferred taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income tax and deferred taxes | |
Schedule of current and non-current tax assets | As of As of December 31, December 31, Current tax assets 2022 2021 ThUS$ ThUS$ Monthly provisional income tax payments, Chilean companies 894 435 Monthly provisional income tax payments, foreign companies 96,906 62 Corporate tax credits (1) 653 674 1st category tax absorbed by tax losses (2) 169 26,848 Taxes in recovery process 126,292 129,523 Total 224,914 157,542 As of As of December 31, December 31, Non-current tax assets 2022 2021 ThUS$ ThUS$ Total tax paid at SQM Salar (see note 19.3) 127,114 90,364 Total 127,114 90,364 |
Schedule of current tax liabilities | As of As of December 31, December 31, Current tax liabilities 2022 2021 ThUS$ ThUS$ 1st Category income tax 337,245 139,842 Foreign company income tax 19,366 27,055 Article 21 single tax — 38 Total 356,611 166,935 |
Schedule of income tax rates | Income tax Income tax Country 2022 2021 Spain 25 % 25 % Belgium 25 % 25 % Mexico 30 % 30 % United States 21% + 3.51 % 21% + 3.51 % South Africa 28 % 28 % Korea 25 % 25 % China 25%+12% (1) 25%+12% (1) % |
Schedule of deferred taxes | Net liability position Description of deferred tax assets and liabilities as of December 31, 2022 Assets Liabilities ThUS$ ThUS$ Unrealized loss 655,695 — Property, plant and equipment and capitalized interest (1) — (244,560) Restoration and rehabilitation provision 4,685 — Manufacturing expenses — (139,383) Employee benefits and unemployment insurance — (8,995) Vacation accrual 7,650 — Inventory provision 27,512 — Materials provision 11,915 — Others employee benefits 1,177 — Research and development expenses — (12,294) Bad debt provision 715 — Provision for legal complaints and expenses 6,827 — Loan acquisition expenses — (8,793) Financial instruments recorded at market value 5,226 — Specific tax on mining activity — (5,799) Tax loss benefit 10,059 — Other 2,913 — Foreign items (other) 96 — Balances to date 734,470 (419,824) Net balance 314,646 (1) This includes right-of-use assets. (b) Deferred tax assets and liabilities as of December 31, 2021 Net liability position Description of deferred tax assets and liabilities as of December 31, 2021 Assets Liabilities ThUS$ ThUS$ Unrealized loss 144,181 — Property, plant and equipment and capitalized interest (1) — (189,073) Restoration and rehabilitation provision 6,567 — Manufacturing expenses — (108,181) Employee benefits and unemployment insurance — (7,485) Vacation accrual 6,039 — Inventory provision 20,557 — Materials provision 10,554 — Others employee benefits 929 — Research and development expenses — (5,387) Bad debt provision 2,708 — Provision for legal complaints and expenses 334 — Loan acquisition expenses — (8,967) Financial instruments recorded at market value 5,242 — Specific tax on mining activity — (4,545) Tax loss benefit 7,113 — Other 8,862 — Foreign items (other) 136 — Balances to date 213,222 (323,638) Net balance (110,416) (1) This item includes right-of-use assets. |
Schedule of movement in deferred taxes | As of As of December 31, December 31, Movements of deferred tax assets and liabilities 2022 2021 ThUS$ ThUS$ Deferred tax assets 604,471 135,904 Deferred tax liabilities (289,825) (246,320) Total 314,646 (110,416) |
Schedule of deferred tax liabilities (assets) | Deferred tax Deferred taxes (expense) related to items Total increases Deferred tax benefit credited (decreases) in Deferred tax liability (asset) recognized in (charged) deferred tax liability (asset) at beginning of profit (loss) for directly to liabilities at end of Reconciliation of changes in deferred tax liabilities (assets) period the year equity (assets) period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (144,181) (511,514) — (511,514) (655,695) Property, plant and equipment and capitalized interest 189,073 55,487 — 55,487 244,560 Restoration and rehabilitation provision (6,567) 1,882 — 1,882 (4,685) Manufacturing expenses 108,181 31,202 — 31,202 139,383 Employee benefits and unemployment insurance 7,486 2,779 (1,270) 1,509 8,995 Vacation accrual (6,039) (1,611) — (1,611) (7,650) Inventory provision (20,557) (6,955) — (6,955) (27,512) Materials provision (10,554) (1,361) — (1,361) (11,915) Derivative financial instruments — (7,172) 7,172 — — Others employee benefits (929) (248) — (248) (1,177) Research and development expenses 5,387 6,907 — 6,907 12,294 Bad debt provision (2,708) 1,993 — 1,993 (715) Provision for legal complaints and expenses (334) (6,493) — (6,493) (6,827) Loan approval expenses 8,967 (174) — (174) 8,793 Financial instruments recorded at market value (5,243) — 17 17 (5,226) Specific tax on mining activity 4,545 1,257 (3) 1,254 5,799 Tax loss benefit (7,113) (1,502) — (1,502) (8,615) Others (8,862) (7,187) — (7,187) (16,049) Foreign items (other) (136) 11,732 — 11,732 11,596 Total temporary differences, unused losses and unused tax credits 110,416 (430,978) 5,916 (425,062) (314,646) Deferred tax Deferred taxes (expense) related to items Total increases Deferred tax benefit credited (decreases) in liability (asset) recognized in (charged) deferred tax Deferred tax at beginning of profit (loss) for directly to liabilities liability (asset) Reconciliation of changes in deferred tax liabilities (assets) period the year equity (assets) at end of period ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Unrealized loss (90,585) (53,596) — (53,596) (144,181) Property, plant and equipment and capitalized interest 187,168 1,905 — 1,905 189,073 Restoration and rehabilitation provision (6,597) 30 — 30 (6,567) Manufacturing expenses 107,215 966 — 966 108,181 Employee benefits and unemployment insurance 6,669 687 130 817 7,486 Vacation accrual (6,138) 99 — 99 (6,039) Inventory provision (22,200) 1,643 — 1,643 (20,557) Materials provision (8,812) (1,742) — (1,742) (10,554) Derivative financial instruments — 14,246 (14,246) — — Others employee benefits — (929) — (929) (929) Research and development expenses 3,581 1,806 — 1,806 5,387 Bad debt provision (5,072) 2,364 — 2,364 (2,708) Provision for legal complaints and expenses (19,637) 19,303 — 19,303 (334) Loan approval expenses 5,212 3,755 — 3,755 8,967 Financial instruments recorded at market value 3,929 (5,354) (3,818) (9,172) (5,243) Specific tax on mining activity 3,012 1,521 12 1,533 4,545 Tax loss benefit (844) (6,269) — (6,269) (7,113) Others (1,454) (7,408) — (7,408) (8,862) Foreign items (other) 654 (790) — (790) (136) Total temporary differences, unused losses and unused tax credits 156,101 (27,763) (17,922) (45,685) 110,416 |
schedule of net operating loss carryforwards | As of December 31, 2022, and 2021, tax loss carryforwards are detailed as follows: As of As of December 31, December 31, Deferred taxes related to benefits for tax losses 2022 2021 ThUS$ ThUS$ Chile 10,059 7,113 Foreign — 1,444 Total 10,059 8,557 |
schedule of movements in deferred tax assets and liabilities | Movements in deferred tax assets and liabilities as of December 31, 2022 and 2021 are detailed as follows: Assets (liabilities) As of As of December 31, December 31, Movements in deferred tax assets and liabilities 2022 2021 ThUS$ ThUS$ Deferred tax assets and liabilities, net opening balance (110,416) (156,101) Increase (decrease) in deferred taxes in profit or loss 430,978 27,763 Increase (decrease) deferred taxes in equity (5,916) 17,922 Total 314,646 (110,416) |
Schedule of current and deferred tax (expenses) | Current and deferred tax (expenses) benefits are detailed as follows: (Expense) Income As of As of As of December 31, December 31, December 31, Disclosures on income tax (expense) benefit 2022 2021 2020 ThUS$ ThUS$ ThUS$ Current income tax (expense) benefit Current tax expense (2,002,564) (279,105) (97,374) Adjustments to prior year current income tax (expense) benefit (626) 2,326 (1,901) Current income tax expense, net, total (2,003,190) (276,779) (99,275) Deferred tax (expense) benefit Deferred tax benefits relating to the creation and reversal of temporary differences 427,680 28,445 26,219 Tax adjustments related to the creation and reversal of temporary differences from the previous year 3,298 (682) 2,877 Total deferred tax benefits, net 430,978 27,763 29,096 Income tax expense (1,572,212) (249,016) (70,179) Income tax (expenses) benefit for foreign and domestic parties are detailed as follows: (Expense) Income As of As of As of December 31, December 31, December 31, Income tax (expense) benefit 2022 2021 2020 ThUS$ ThUS$ ThUS$ Current income tax benefit (expense) by foreign and domestic parties, net Current income tax expenses, foreign parties, net (213,060) (46,748) (9,782) Current income tax expenses, domestic, net (1,790,130) (230,031) (89,493) Current income tax expense, net, total (2,003,190) (276,779) (99,275) Deferred tax benefit (expense) by foreign and domestic parties, net Current income tax (expense) benefit, foreign parties, net (21,338) (6,679) 10,284 Current income tax benefits, domestic, net 452,316 34,442 18,812 Deferred tax expense, net, total 430,978 27,763 29,096 Income tax expense (1,572,212) (249,016) (70,179) |
Schedule of tax effects of other comprehensive income components | (h) As of December 31, 2022 Amount before taxes (Expense) income for Income tax related to other income and expense components with a charge or credit to net equity (expense) gain income taxes Amount after taxes ThUS$ ThUS$ ThUS$ (Losses) income from defined benefit plans (6,350) 1,273 (5,077) Cash flow hedges 26,622 (7,172) 19,450 Reserve for (losses) income from financial assets measured at fair value through other comprehensive income 190 (17) 173 Total 20,462 (5,916) 14,546 As of December 31, 2021 Amount before taxes (Expense) income for Income tax related to other income and expense components with a charge or credit to net equity (expense) gain income taxes Amount after taxes ThUS$ ThUS$ ThUS$ Income (losses) from defined benefit plans 4,679 (142) 4,537 Cash flow hedges (52,762) 14,246 (38,516) Reserve for (losses) income from financial assets measured at fair value through other comprehensive income (12,072) 3,818 (8,254) Total (60,155) 17,922 (42,233) As of December 31, 2020 Amount before taxes (Expense) income for Income tax related to other income and expense components with a charge or credit to net equity (expense) gain income taxes Amount after taxes ThUS$ ThUS$ ThUS$ Income (losses) from defined benefit plans 974 (145) 829 Cash flow hedges (3,706) 1,001 (2,705) Reserve for income (losses) from financial assets measured at fair value through other comprehensive income 9,784 (2,642) 7,142 Total 7,052 (1,786) 5,266 |
Schedule of tax benefit (expense) | Reconciliation between the tax benefit (expense) and the tax calculated by multiplying income before taxes by the Chilean corporate income tax rate. (Expense) Benefit As of As of As of December 31, December 31, December 31, Income Tax Expense (Benefit) 2022 2021 2020 ThUS$ ThUS$ ThUS$ Consolidated income before taxes 5,486,496 841,221 238,538 Statutory income tax rate in Chile 27 % 27 % 27 % Tax expense using the statutory tax rate (1,481,354) (227,130) (64,405) Net effect of royalty tax payments (57,500) (13,350) (4,659) Tax effect of income from regular activities exempt from taxation and dividends from abroad 3,490 (260) 1,786 Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) (11,058) (2,226) (2,987) Tax effect of tax rates supported abroad (25,053) (5,622) (2,077) Effects of changes resulting from classifying a permanent item as a temporary one — — 4,826 Other tax effects of reconciliation of accounting income to tax expense (737) (428) (2,663) Tax expense using the effective tax rate (1,572,212) (249,016) (70,179) |
Identification and activities_3
Identification and activities of the Company and Subsidiaries - Employees (Details) - employee | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 6,997 | 6,081 |
In Chile | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 6,533 | 5,671 |
Outside Chile | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 464 | 410 |
Executives | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 160 | 136 |
Professionals | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 2,683 | 1,756 |
Technicians and operators | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 4,154 | 4,189 |
SQM S.A. | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 518 | 425 |
SQM S.A. | In Chile | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 518 | 425 |
SQM S.A. | Outside Chile | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 0 | 0 |
SQM S.A. | Executives | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 32 | 33 |
SQM S.A. | Professionals | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 177 | 117 |
SQM S.A. | Technicians and operators | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 309 | 275 |
Other subsidiaries | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 6,479 | 5,656 |
Other subsidiaries | In Chile | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 6,015 | 5,246 |
Other subsidiaries | Outside Chile | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 464 | 410 |
Other subsidiaries | Executives | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 128 | 103 |
Other subsidiaries | Professionals | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 2,506 | 1,639 |
Other subsidiaries | Technicians and operators | ||
Disclosure Of Information About Employees Explanatory [Line Items] | ||
Number of employees | 3,845 | 3,914 |
Identification and activities_4
Identification and activities of the Company and Subsidiaries - Main Shareholders of the Company (Details) - shares | Dec. 31, 2022 | Dec. 31, 2021 |
The Bank of New York Mellon, ADRs | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 22.60% | 23.67% |
Inversiones TLC SpA | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 21.90% | 21.90% |
Sociedad de Inversiones Pampa Calichera S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 15.66% | 15.75% |
Potasios de Chile S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 6.36% | 6.36% |
Banco de Chile via State Street | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 3.87% | 3.22% |
AFP Habitat S.A. for Pension Fund C | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 3.33% | 1.02% |
Inversiones Global Mining (Chile) Limitada | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 3.08% | 3.08% |
Banco Santander via foreign investor accounts | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 3.06% | 3.10% |
AFP Cuprum S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 2.29% | |
Banco de Chile non-resident third party accounts | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 2.19% | 2.78% |
AF Capital S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 1.98% | |
AFP Provida S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 1.84% | |
Inversiones la Esperanza de Chile Limitada | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 1.49% | |
Larrain Vial S.A. Corredora de Bolsa | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 1.32% | |
Bolsa De Comercio De Santiago Bolsa De Valores | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding, ownership percentage | 1.70% | |
Series A stock | The Bank of New York Mellon, ADRs | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of shares outstanding, ownership percentage | 0% | 0% |
Series A stock | Inversiones TLC SpA | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 62,556,568 | 62,556,568 |
Number of shares outstanding, ownership percentage | 43.80% | 43.80% |
Series A stock | Sociedad de Inversiones Pampa Calichera S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 43,133,789 | 44,989,231 |
Number of shares outstanding, ownership percentage | 30.20% | 31.50% |
Series A stock | Potasios de Chile S.A. | ||
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 | Banco de Chile via State Street | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 79,265 | 23,428 |
Number of shares outstanding, ownership percentage | 0.06% | 0.02% |
Series A stock | AFP Habitat S.A. for Pension Fund C | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of shares outstanding, ownership percentage | 0% | 0% |
Series A stock | Inversiones Global Mining (Chile) Limitada | ||
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 | Banco Santander via foreign investor accounts | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 545,729 | 0 |
Number of shares outstanding, ownership percentage | 0.38% | 0% |
Series A stock | AFP Cuprum S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of shares outstanding, ownership percentage | 0% | |
Series A stock | Banco de Chile non-resident third party accounts | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 62,829 | 445 |
Number of shares outstanding, ownership percentage | 0.04% | 0% |
Series A stock | AF Capital S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of shares outstanding, ownership percentage | 0% | |
Series A stock | AFP Provida S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of shares outstanding, ownership percentage | 0% | |
Series A stock | Inversiones la Esperanza de Chile Limitada | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 4,246,226 | |
Number of shares outstanding, ownership percentage | 2.97% | |
Series A stock | Larrain Vial S.A. Corredora de Bolsa | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 125,726 | |
Number of shares outstanding, ownership percentage | 0.09% | |
Series A stock | Bolsa De Comercio De Santiago Bolsa De Valores | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 67,463 | |
Number of shares outstanding, ownership percentage | 0.05% | |
Series B stock | The Bank of New York Mellon, ADRs | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 64,555,045 | 67,603,420 |
Number of shares outstanding, ownership percentage | 45.20% | 47.34% |
Series B stock | Inversiones TLC SpA | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of shares outstanding, ownership percentage | 0% | 0% |
Series B stock | Sociedad de Inversiones Pampa Calichera S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 1,611,227 | 0 |
Number of shares outstanding, ownership percentage | 1.13% | 0% |
Series B stock | Potasios de Chile S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of shares outstanding, ownership percentage | 0% | 0% |
Series B stock | Banco de Chile via State Street | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 10,979,388 | 9,178,379 |
Number of shares outstanding, ownership percentage | 7.69% | 6.43% |
Series B stock | AFP Habitat S.A. for Pension Fund C | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 9,504,885 | 2,914,292 |
Number of shares outstanding, ownership percentage | 6.66% | 2.04% |
Series B stock | Inversiones Global Mining (Chile) Limitada | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | 0 |
Number of shares outstanding, ownership percentage | 0% | 0% |
Series B stock | Banco Santander via foreign investor accounts | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 8,181,775 | 8,856,091 |
Number of shares outstanding, ownership percentage | 5.73% | 6.20% |
Series B stock | AFP Cuprum S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 6,535,039 | |
Number of shares outstanding, ownership percentage | 4.58% | |
Series B stock | Banco de Chile non-resident third party accounts | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 6,181,476 | 7,939,865 |
Number of shares outstanding, ownership percentage | 4.33% | 5.56% |
Series B stock | AF Capital S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 5,652,982 | |
Number of shares outstanding, ownership percentage | 3.96% | |
Series B stock | AFP Provida S.A. | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 5,263,361 | |
Number of shares outstanding, ownership percentage | 3.69% | |
Series B stock | Inversiones la Esperanza de Chile Limitada | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 0 | |
Number of shares outstanding, ownership percentage | 0% | |
Series B stock | Larrain Vial S.A. Corredora de Bolsa | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 3,653,614 | |
Number of shares outstanding, ownership percentage | 2.56% | |
Series B stock | Bolsa De Comercio De Santiago Bolsa De Valores | ||
Identification and Activities of the Company and Subsidiaries [Line Items] | ||
Number of shares outstanding | 4,795,310 | |
Number of shares outstanding, ownership percentage | 3.36% |
Identification and activities_5
Identification and activities of the Company and Subsidiaries - Main Shareholders of the Company - Narratives (Details) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||
Apr. 28, 2021 USD ($) $ / shares shares | Apr. 19, 2021 shares | Dec. 31, 2022 shareholder shares | Dec. 31, 2021 USD ($) shares | Jan. 22, 2021 $ / shares | |
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Percentage of shareholder outstanding shares interest in excess | 5% | 5% | |||
Number of shareholders | shareholder | 1,157 | ||||
Increase through other contributions by owners, equity | $ | $ 1,100,000 | $ 1,100,257 | |||
Share capital | $ | 1,100,000 | ||||
Other equity interest | $ | $ 24,503 | ||||
Series B stock | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Par value per share | $ / shares | $ 50 | ||||
Series B stock | Pre-emptive rights offering | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Number of shares authorised | 22,441,932 | ||||
Number of shares issued and fully paid | 21,687,549 | ||||
Number of shares issued but not fully paid | 754,383 | ||||
Percentage of shares offered in preemptive rights offerings | 97% | ||||
Par value per share | $ / shares | $ 54 | ||||
Inversiones TLC SpA | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Percentage of voting equity held by entity or by its subsidiaries | 21.90% | 21.90% | |||
Inversiones TLC SpA | Series A stock | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Number of shares outstanding | 62,556,568 | 62,556,568 | |||
Number of shares in entity held by entity or by its subsidiaries or associates | 62,556,568 | 62,556,568 | |||
Inversiones TLC SpA | Series B stock | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Number of shares outstanding | 0 | 0 | |||
Number of shares in entity held by entity or by its subsidiaries or associates | 748,490 | ||||
Inversiones TLC SpA | Series A and B stock | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Percentage of voting equity held by entity or by its subsidiaries | 22.16% | 23.75% | |||
Sociedad de Inversiones Pampa Calichera S.A. | Series A stock | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Number of shares outstanding | 43,133,789 | 44,989,231 | |||
Number of shares outstanding, including those held by brokers | 46,600,458 | ||||
Number of shares in entity held by entity or by its subsidiaries or associates | 1,855,442 | ||||
Sociedad de Inversiones Pampa Calichera S.A. | Series B stock | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Number of shares outstanding | 1,611,227 | 0 | |||
Number of shares in entity held by entity or by its subsidiaries or associates | 2,490,965 | ||||
Sociedad de Inversiones Pampa Calichera S.A. | Series A and B stock | |||||
Identification and Activities of the Company and Subsidiaries [Line Items] | |||||
Number of shares outstanding | 47,480,196 |
Basis of presentation for the_3
Basis of presentation for the consolidated financial statements - Revision of Deferred Tax (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2022 | |
Disclosure of reclassifications or changes in presentation [line items] | ||
Deferred tax assets | $ 135,904 | $ 604,471 |
Deferred tax liabilities | 246,320 | $ 289,825 |
Reclassification | 135,904 | |
Original balance | ||
Disclosure of reclassifications or changes in presentation [line items] | ||
Deferred tax liabilities | 110,416 | |
Reclassified balance | ||
Disclosure of reclassifications or changes in presentation [line items] | ||
Deferred tax assets | 135,904 | |
Deferred tax liabilities | $ 246,320 |
Basis of presentation for the_4
Basis of presentation for the consolidated financial statements - Subsidiaries (Details) | 12 Months Ended |
Dec. 31, 2022 | |
SQM Nitratos S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Nitratos S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.9999% |
SQM Nitratos S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.0001% |
SQM Potasio S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Potasio S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.9999% |
SQM Potasio S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.0001% |
Serv. Integrales de Transito y Transf. S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Serv. Integrales de Transito y Transf. S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.0003% |
Serv. Integrales de Transito y Transf. S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.9997% |
Isapre Norte Grande Ltda. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Isapre Norte Grande Ltda. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 1% |
Isapre Norte Grande Ltda. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99% |
Ajay SQM Chile S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 51% |
Ajay SQM Chile S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 51% |
Almacenes y Depositos Ltda. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Almacenes y Depositos Ltda. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 1% |
Almacenes y Depositos Ltda. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99% |
SQM Salar S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Salar S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 18.18% |
SQM Salar S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 81.82% |
SQM Industrial S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Industrial S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.047% |
SQM Industrial S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.953% |
Exploraciones Mineras S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Exploraciones Mineras S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.2691% |
Exploraciones Mineras S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.7309% |
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Soquimich Comercial S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 60.6383% |
Soquimich Comercial S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 60.6383% |
Comercial Agrorama Ltda. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 60.6383% |
Comercial Agrorama Ltda. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 60.6383% |
Comercial Hydro S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Comercial Hydro S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Argrorama S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 60.6383% |
Argrorama S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 60.6383% |
Orcoma Estudios SPA | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Orcoma Estudios SPA | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Orcoma SPA | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Orcoma SPA | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM MaG SpA | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM MaG SpA | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Sociedad Contractual Minera Bufalo | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Sociedad Contractual Minera Bufalo | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.90% |
Sociedad Contractual Minera Bufalo | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.10% |
SQM North America Corp. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM North America Corp. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 40% |
SQM North America Corp. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 60% |
RS Agro Chemical Trading Corporation A.V.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
RS Agro Chemical Trading Corporation A.V.V. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 98.3333% |
RS Agro Chemical Trading Corporation A.V.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 1.6667% |
Nitratos Naturais do Chile Ltda. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Nitratos Naturais do Chile Ltda. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Corporation N.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Corporation N.V. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.0002% |
SQM Corporation N.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.9998% |
SQM Peru S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Peru S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.0091% |
SQM Peru S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.9909% |
SQM Ecuador S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Ecuador S.A. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.00401% |
SQM Ecuador S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.996% |
SQM Brasil Ltda. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Brasil Ltda. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.58% |
SQM Brasil Ltda. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.42% |
SQMC Holding Corporation | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQMC Holding Corporation | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.10% |
SQMC Holding Corporation | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.90% |
SQM Japan Co. Ltd. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Japan Co. Ltd. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.1597% |
SQM Japan Co. Ltd. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.8403% |
SQM Europe NV | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Europe NV | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.58% |
SQM Europe NV | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.42% |
SQM Indonesia S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 80% |
SQM Indonesia S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 80% |
North American Trading Company | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
North American Trading Company | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Virginia LLC | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Virginia LLC | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Comercial de Mexico S.A. de C.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Comercial de Mexico S.A. de C.V. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.01% |
SQM Comercial de Mexico S.A. de C.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.99% |
SQM Investment Corporation N.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Investment Corporation N.V. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 1% |
SQM Investment Corporation N.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99% |
Royal Seed Trading Corporation A.V.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Royal Seed Trading Corporation A.V.V. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 1.67% |
Royal Seed Trading Corporation A.V.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 98.33% |
SQM Lithium Specialties Limited Partnership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Lithium Specialties Limited Partnership | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Comercial Caiman Internacional S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Comercial Caiman Internacional S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM France S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM France S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Administracion y Servicios Santiago S.A. de C.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Administracion y Servicios Santiago S.A. de C.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Nitratos Mexico S.A. de C.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Nitratos Mexico S.A. de C.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Soquimich European Holding B.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Soquimich European Holding B.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Iberian S.A. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Iberian S.A. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Africa Pty | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Africa Pty | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Oceana Pty Ltd. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Oceana Pty Ltd. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Beijing Commercial Co. Ltd. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Beijing Commercial Co. Ltd. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Thailand Limited | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.998% |
SQM Thailand Limited | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.998% |
SQM Colombia S.A.S. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Colombia S.A.S. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Australia PTY | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Australia PTY | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM International N.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM International N.V. | Direct ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 0.58% |
SQM International N.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 99.42% |
SQM (Shanghai) Chemicals Co. Ltd. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM (Shanghai) Chemicals Co. Ltd. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Korea LLC | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Korea LLC | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Holland B.V. | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
SQM Holland B.V. | Indirect ownership | |
Disclosure Of Detailed Information About Subsidiaries [Line Items] | |
Ownership Interest | 100% |
Significant accounting polici_4
Significant accounting policies - Exchange Rates (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Brazilian real | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 5.28 | 5.57 |
Average foreign exchange rate | 5.25 | 5.66 |
New Peruvian sol | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 3.81 | 3.99 |
Average foreign exchange rate | 3.83 | 4.04 |
Japanese yen | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 131.32 | 115.18 |
Average foreign exchange rate | 134.70 | 113.87 |
Euro | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 0.93 | 0.88 |
Average foreign exchange rate | 0.94 | 0.88 |
Mexican peso | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 19.50 | 20.54 |
Average foreign exchange rate | 19.60 | 20.90 |
Australian dollar | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 1.47 | 1.38 |
Average foreign exchange rate | 1.48 | 1.40 |
Pound Sterling | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 0.83 | 0.74 |
Average foreign exchange rate | 0.82 | 0.75 |
South African rand | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 17.01 | 15.94 |
Average foreign exchange rate | 17.28 | 15.88 |
Chilean peso | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 855.86 | 844.69 |
Average foreign exchange rate | 873.81 | 849.46 |
Chinese yuan | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 6.92 | 6.38 |
Average foreign exchange rate | 6.98 | 6.37 |
Indian rupee | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 82.73 | 74.42 |
Average foreign exchange rate | 82.52 | 75.40 |
Thai Baht | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 34.64 | 33.32 |
Average foreign exchange rate | 34.76 | 33.55 |
Turkish lira | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 18.71 | 13.28 |
Average foreign exchange rate | 18.66 | 13.54 |
Korean Won | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 1,259.98 | 1,188.79 |
Average foreign exchange rate | 1,291.64 | 1,183.95 |
Indonesian Rupiah | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 15,570 | 14,265 |
Average foreign exchange rate | 15,596.90 | 14,320.57 |
United Arab Emirates, Dirham | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 3.67 | 3.67 |
Average foreign exchange rate | 3.67 | 3.67 |
Polish Zloty | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 4.37 | 4.06 |
Average foreign exchange rate | 4.42 | 4.08 |
UF | ||
Significant accounting policies [Line Items] | ||
Closing foreign exchange rate | 41.02 | 36.69 |
Average foreign exchange rate | 40.18 | 36.48 |
Significant accounting polici_5
Significant accounting policies - Useful Lives of Property, Plant and Equipment (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Minimum | Mining assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 3 years |
Minimum | Energy generating assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 5 years |
Minimum | Buildings | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 3 years |
Minimum | Supplies and accessories | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 4 years |
Minimum | Office equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 5 years |
Minimum | Transport equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 8 years |
Minimum | Network and communication equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 4 years |
Minimum | IT equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 5 years |
Minimum | Machinery, plant and equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 3 years |
Minimum | Other fixed assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 3 years |
Maximum | Mining assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Maximum | Energy generating assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 16 years |
Maximum | Buildings | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 25 years |
Maximum | Supplies and accessories | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Maximum | Office equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Maximum | Transport equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 9 years |
Maximum | Network and communication equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 12 years |
Maximum | IT equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Maximum | Machinery, plant and equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 25 years |
Maximum | Other fixed assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 15 years |
Average | Mining assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 8 years |
Average | Energy generating assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Average | Buildings | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 13 years |
Average | Supplies and accessories | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 8 years |
Average | Office equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 9 years |
Average | Transport equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 9 years |
Average | Network and communication equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 8 years |
Average | IT equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 8 years |
Average | Machinery, plant and equipment | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Average | Other fixed assets | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 9 years |
Significant accounting polici_6
Significant accounting policies - Useful Lives of of Intangible Assets (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Minimum | |
Significant accounting policies [Line Items] | |
Description of useful life, intangible assets other than goodwill | Unit-production method |
Maximum | |
Significant accounting policies [Line Items] | |
Description of useful life, intangible assets other than goodwill | Unit-production method |
Water rights | Minimum | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Water rights | Maximum | |
Significant accounting policies [Line Items] | |
Description of useful life, intangible assets other than goodwill | Indefinite |
Rights of way | Minimum | |
Significant accounting policies [Line Items] | |
Description of useful life, intangible assets other than goodwill | Indefinite |
Rights of way | Maximum | |
Significant accounting policies [Line Items] | |
Description of useful life, intangible assets other than goodwill | Indefinite |
Corfo Mining properties | Minimum | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, intangible assets other than goodwill | 8 years |
Corfo Mining properties | Maximum | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, intangible assets other than goodwill | 8 years |
Intellectual property | Minimum | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, intangible assets other than goodwill | 9 years |
Intellectual property | Maximum | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, intangible assets other than goodwill | 9 years |
IT programs | Minimum | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, intangible assets other than goodwill | 3 years |
IT programs | Maximum | |
Significant accounting policies [Line Items] | |
Useful life measured as period of time, intangible assets other than goodwill | 9 years |
Significant accounting polici_7
Significant accounting policies - Minimum Dividend (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Minimum | ||
Significant accounting policies [Line Items] | ||
Cash dividend rate | 30% | 30% |
Financial risk management - Cre
Financial risk management - Credit Quality of Financial Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | $ 2,125,587 | $ 852,600 |
Bank notes | ||
Financial risk management [Line Items] | ||
Financial assets | 45,269 | 98,085 |
Bank notes | Others | ||
Financial risk management [Line Items] | ||
Financial assets | 1,887 | |
Bank notes | Agricultural Bank of China | ||
Financial risk management [Line Items] | ||
Financial assets | 10,334 | 860 |
Bank notes | Bank of China Limited | ||
Financial risk management [Line Items] | ||
Financial assets | 27,936 | 4,167 |
Bank notes | Bank of Jiujiang | ||
Financial risk management [Line Items] | ||
Financial assets | 1,964 | |
Bank notes | Bank of Ningbo | ||
Financial risk management [Line Items] | ||
Financial assets | 3,148 | |
Bank notes | Bank of Communications | ||
Financial risk management [Line Items] | ||
Financial assets | 7,422 | |
Bank notes | China CITIC Bank Corp Ltd | ||
Financial risk management [Line Items] | ||
Financial assets | 2,623 | |
Bank notes | China Construction Bank Corporation | ||
Financial risk management [Line Items] | ||
Financial assets | 7,122 | |
Bank notes | China Everbrith Bank Co. Ltd | ||
Financial risk management [Line Items] | ||
Financial assets | 6,569 | |
Bank notes | China Merchants Bank | ||
Financial risk management [Line Items] | ||
Financial assets | 22,628 | |
Bank notes | China Minsheng Bank Corporation | ||
Financial risk management [Line Items] | ||
Financial assets | 784 | |
Bank notes | Industrial & Commercial Bank of China Limited | ||
Financial risk management [Line Items] | ||
Financial assets | 353 | |
Bank notes | Industrial Bank | ||
Financial risk management [Line Items] | ||
Financial assets | 6,615 | |
Bank notes | Ping An Bank | ||
Financial risk management [Line Items] | ||
Financial assets | 8,391 | |
Bank notes | Shanghai Pudong Development Bank Co. Ltd | ||
Financial risk management [Line Items] | ||
Financial assets | 7,905 | |
Bank notes | China Development Bank | ||
Financial risk management [Line Items] | ||
Financial assets | 16,807 | |
Bank notes | Postal Savings Bank of China | ||
Financial risk management [Line Items] | ||
Financial assets | 4,718 | |
Bank notes | KEB Hana Bank (China) | ||
Financial risk management [Line Items] | ||
Financial assets | 1,121 | |
Time deposits | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 950,167 | 905,170 |
Time deposits | Banco de Crdito e Inversiones | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 150,578 | 9,752 |
Time deposits | Banco Santander - Santiago | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 124,689 | 9,052 |
Time deposits | Banco Santander - Santiago One [Member] | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 51,444 | 65,899 |
Time deposits | Banco de Chile | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 602 | |
Time deposits | Banco de Chile One [Member] | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 150,259 | |
Time deposits | Scotiabank Sud Americano | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 10,750 | |
Time deposits | Banco Estado | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 85,055 | |
Time deposits | Scotiabank Chile One [Member] | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 250,362 | |
Time deposits | Banco Ita CorpBanca | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 284,915 | 8,001 |
Time deposits | Others | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 200,100 | |
Time deposits | Sumitomo Mitsui Banking | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 122,631 | |
Time deposits | Sumitomo Mitsui Banking One [Member] | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 210,292 | 320,054 |
Time deposits | Scotiabank Sud Americano One | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 416,026 | 289,421 |
Time deposits | Banco Itau Corpbanca One | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 15,048 | 195,471 |
Time deposits | Banco de Crdito e Inversiones [Member] | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 187,707 | 34,325 |
Investment fund | JP Morgan US Dollar liquidity Fund Institucional | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | 435,485 | 381,297 |
Investment fund | Legg Mason - Western Asset Institutional cash reserves | Financial assets neither past due nor impaired | ||
Financial risk management [Line Items] | ||
Financial assets | $ 590,661 | $ 233,648 |
Financial risk management - Und
Financial risk management - Undiscounted Cash Flows of Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial risk management [Line Items] | ||
Bank borrowings | $ 365,160 | $ 71,690 |
Unsecured obligations | 3,956,980 | 4,013,000 |
Subtotal | 4,322,140 | 4,084,690 |
Hedging liabilities | 73,870 | 83,660 |
Derivative financial instruments | 5,820 | 1,670 |
Subtotal | 79,690 | 85,330 |
Current and non-current lease liabilities | 78,120 | 68,930 |
Trade accounts payable and other accounts payable | 374,789 | 279,650 |
Total financial liabilities | 4,854,740 | 4,518,600 |
Less than 1 year | ||
Financial risk management [Line Items] | ||
Bank borrowings | 144,830 | 1,050 |
Unsecured obligations | 405,170 | 108,060 |
Subtotal | 550,000 | 109,110 |
Hedging liabilities | 40,760 | 12,380 |
Derivative financial instruments | 5,820 | 1,670 |
Subtotal | 46,580 | 14,050 |
Current and non-current lease liabilities | 13,940 | 8,880 |
Trade accounts payable and other accounts payable | 374,790 | 279,650 |
Total financial liabilities | 985,310 | 411,690 |
1 to 5 years | ||
Financial risk management [Line Items] | ||
Bank borrowings | 220,330 | 70,640 |
Unsecured obligations | 616,660 | 924,030 |
Subtotal | 836,990 | 994,670 |
Hedging liabilities | 20,430 | 31,580 |
Derivative financial instruments | 0 | 0 |
Subtotal | 20,430 | 31,580 |
Current and non-current lease liabilities | 36,330 | 30,970 |
Trade accounts payable and other accounts payable | 0 | 0 |
Total financial liabilities | 893,750 | 1,057,220 |
Over 5 years | ||
Financial risk management [Line Items] | ||
Bank borrowings | 0 | 0 |
Unsecured obligations | 2,935,150 | 2,980,910 |
Subtotal | 2,935,150 | 2,980,910 |
Hedging liabilities | 12,680 | 39,700 |
Derivative financial instruments | 0 | 0 |
Subtotal | 12,680 | 39,700 |
Current and non-current lease liabilities | 27,850 | 29,080 |
Trade accounts payable and other accounts payable | 0 | 0 |
Total financial liabilities | 2,975,680 | 3,049,690 |
Carrying amount | ||
Financial risk management [Line Items] | ||
Bank borrowings | 330,800 | 70,080 |
Unsecured obligations | 2,550,600 | 2,518,640 |
Subtotal | 2,881,400 | 2,588,720 |
Hedging liabilities | 62,530 | 85,250 |
Derivative financial instruments | 5,820 | 1,670 |
Subtotal | 68,350 | 86,920 |
Current and non-current lease liabilities | 61,730 | 54,220 |
Trade accounts payable and other accounts payable | 374,790 | 279,650 |
Total financial liabilities | $ 3,386,270 | $ 3,009,510 |
Financial risk management - Nar
Financial risk management - Narrative (Details) | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Financial risk management [Line Items] | |||
Derivatives designated as fair value hedges liability | $ 83,660,000 | $ 73,870,000 | $ 83,660,000 |
Percentage of insurance covers on risk | 80% | ||
Hedging instrument, assets | 14,124,000 | $ 33,794,000 | $ 14,124,000 |
Liquidity ratio | 2.29 | 4.76 | |
Credit facility | |||
Financial risk management [Line Items] | |||
Undrawn borrowing facilities | $ 694,000,000 | ||
Working capital | |||
Financial risk management [Line Items] | |||
Undrawn borrowing facilities | 100,000,000 | ||
Liquidity risk | |||
Financial risk management [Line Items] | |||
Hedging instrument, assets | 549,239,000 | $ 512,236,000 | $ 549,239,000 |
Libor | |||
Financial risk management [Line Items] | |||
Percentage of Financial Liabilities Maturing in Next 12 Months | 7% | ||
SOFR | |||
Financial risk management [Line Items] | |||
Percentage of Financial Liabilities Maturing in Next 12 Months | 2.50% | ||
CLP to US Dollar | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | $ 87,000,000 | ||
Euro to US Dollar | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | 38,050,000 | ||
South African Rand to US Dollar | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | 46,840,000 | ||
Chinese Renminbi to US Dollar | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | 333,190,000 | ||
Australian Dollar to US Dollar | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | 51,290,000 | ||
Other countries currencies | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | $ 7,300,000 | ||
CHILE | |||
Financial risk management [Line Items] | |||
Average foreign exchange rate | 100 | ||
Derivatives | |||
Financial risk management [Line Items] | |||
Financial assets, at fair value | 81,600,000 | $ 11,730,000 | 81,600,000 |
Adjustments for unrealised foreign exchange losses (gains) | 644,000,000 | ||
Derivatives | Interest rate hedging | |||
Financial risk management [Line Items] | |||
Financial assets, at fair value | $ 1,666,000 | ||
Derivative financial instruments percentage of obligations covered | 100% | ||
Derivatives | Cash flow hedge | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | $ 7,140,000 | ||
Derivatives | Derivative instruments associated with nominative term deposits | Hedges of foreign exchange risks | |||
Financial risk management [Line Items] | |||
Derivative instruments designated as fair value hedges assets | $ 12,610,000 | $ 29,980,000 | $ 12,610,000 |
Percentage of foreign exchange risk associated with nominative term deposits | 100% |
Separate information on the m_3
Separate information on the main office, parent entity and joint action agreements (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Separate information on the main office, parent entity and joint action agreements [Line Items] | ||||
Assets | $ 10,819,101 | $ 7,180,201 | $ 4,818,463 | |
Liabilities | (5,887,100) | (3,964,230) | (2,655,885) | |
Total equity | 4,932,001 | 3,215,971 | $ 2,162,578 | $ 2,134,472 |
Parent | ||||
Separate information on the main office, parent entity and joint action agreements [Line Items] | ||||
Assets | 8,430,376 | 5,988,757 | ||
Liabilities | (3,533,744) | (2,807,237) | ||
Total equity | $ 4,896,632 | $ 3,181,520 |
Board of directors, Senior Ma_3
Board of directors, Senior Management and Key management personnel - Narrative (Details) CLF in Thousands, $ in Thousands | 12 Months Ended | |||||||
Apr. 26, 2022 CLF director | Apr. 23, 2021 CLF | Dec. 31, 2022 CLF employee director | Dec. 31, 2022 USD ($) employee director | Dec. 31, 2021 CLF director employee | Dec. 31, 2021 USD ($) director employee | Dec. 31, 2020 USD ($) | Apr. 26, 2023 director | |
Related party disclosures [Line Items] | ||||||||
Number of directors | director | 6 | 6 | ||||||
Key management personnel compensation | CLF | CLF 600 | CLF 600 | ||||||
Key management personnel compensation, percentage | 0.06% | 0.06% | ||||||
Percentage of net earnings for variable compensation | 110% | 110% | ||||||
Number of employees | employee | 6,997 | 6,997 | 6,081 | 6,081 | ||||
Chairman | ||||||||
Related party disclosures [Line Items] | ||||||||
Key management personnel compensation | CLF | CLF 800 | CLF 80 | ||||||
Key management personnel compensation, percentage | 0.12% | 0.12% | ||||||
Directors | ||||||||
Related party disclosures [Line Items] | ||||||||
Number of directors | director | 2 | 8 | 8 | |||||
Directors committee | ||||||||
Related party disclosures [Line Items] | ||||||||
Number of directors | director | 3 | 3 | 3 | 3 | ||||
Key management personnel compensation | CLF 200 | $ 6,711 | CLF 200 | $ 3,749 | $ 4,553 | |||
Key management personnel compensation, percentage | 0.02% | 0.02% | 0.02% | 0.02% | ||||
Percentage of net earnings for variable compensation | 110% | 110% | ||||||
Health, Safety and Environmental Matters Committee | ||||||||
Related party disclosures [Line Items] | ||||||||
Number of directors | director | 3 | 3 | ||||||
Key management personnel compensation | CLF | CLF 100 | |||||||
Corporate Governance Committee | ||||||||
Related party disclosures [Line Items] | ||||||||
Number of directors | director | 3 | 3 | ||||||
Key management personnel compensation | CLF | CLF 100 | |||||||
Vice President | ||||||||
Related party disclosures [Line Items] | ||||||||
Key management personnel compensation | CLF | CLF 700 | CLF 70 | ||||||
Key management personnel | ||||||||
Related party disclosures [Line Items] | ||||||||
Key management personnel compensation | $ | $ 29,633 | $ 31,560 | $ 23,770 | |||||
Number of employees | 142 | 142 | 127 | 127 |
Board of Directors, Senior Ma_4
Board of Directors, Senior Management and Key management personnel (Details) - CLF CLF in Thousands | Apr. 26, 2022 | Apr. 23, 2021 |
Board of Directors, Senior Management and Key management personnel | ||
Key management personnel compensation | CLF 600 | CLF 600 |
Equity-accounted investees - In
Equity-accounted investees - Investments in Associates (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | $ 54,386 | $ 39,824 | $ 85,993 |
Investments accounted for using the equity method of accounting | |||
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | 26,278 | 24,112 | 60,023 |
Share in profit (loss) of associates accounted for using the equity method | 11,481 | 4,654 | 7,118 |
Share in other comprehensive income of associates accounted for using the equity method | (498) | 360 | 382 |
Share in total comprehensive income of associates accounted for using the equity method | 10,983 | 5,014 | 7,500 |
Abu Dhabi Fertilizer Industries WWL | |||
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | 0 | 0 | 11,505 |
Share in profit (loss) of associates accounted for using the equity method | 0 | 0 | (156) |
Share in other comprehensive income of associates accounted for using the equity method | 0 | 0 | 0 |
Share in total comprehensive income of associates accounted for using the equity method | 0 | 0 | (156) |
Doktor Tarsa Tarim Sanayi AS | |||
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | 0 | 0 | 0 |
Share in profit (loss) of associates accounted for using the equity method | 0 | 0 | 4,031 |
Share in other comprehensive income of associates accounted for using the equity method | 0 | 0 | 0 |
Share in total comprehensive income of associates accounted for using the equity method | 0 | 0 | 4,031 |
Ajay North America | |||
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | 17,654 | 15,899 | 14,468 |
Share in profit (loss) of associates accounted for using the equity method | 5,351 | 2,802 | 2,191 |
Share in other comprehensive income of associates accounted for using the equity method | 0 | 0 | 0 |
Share in total comprehensive income of associates accounted for using the equity method | 5,351 | 2,802 | 2,191 |
Ajay Europe SARL | |||
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | 8,624 | 8,213 | 7,875 |
Share in profit (loss) of associates accounted for using the equity method | 6,130 | 1,852 | 1,029 |
Share in other comprehensive income of associates accounted for using the equity method | (498) | 360 | 756 |
Share in total comprehensive income of associates accounted for using the equity method | 5,632 | 2,212 | 1,785 |
SQM Eastmed Turkey | |||
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | 0 | 0 | 0 |
Share in profit (loss) of associates accounted for using the equity method | 0 | 0 | 247 |
Share in other comprehensive income of associates accounted for using the equity method | 0 | 0 | 0 |
Share in total comprehensive income of associates accounted for using the equity method | 0 | 0 | 247 |
Kore Potash PLC | |||
Equity-accounted investees [Line Items] | |||
Investments accounted for using equity method | 0 | 0 | 26,175 |
Share in profit (loss) of associates accounted for using the equity method | 0 | 0 | (224) |
Share in other comprehensive income of associates accounted for using the equity method | 0 | 0 | (374) |
Share in total comprehensive income of associates accounted for using the equity method | $ 0 | $ 0 | $ (598) |
Equity-accounted investees - Di
Equity-accounted investees - Dividends Received (Details) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Feb. 28, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity-accounted investees [Line Items] | ||||
Dividends received | $ 6,354 | $ 11,663 | $ 3,164 | |
Abu Dhabi Fertilizer Industries WWL | ||||
Equity-accounted investees [Line Items] | ||||
Share of ownership in associates | 37% | |||
Dividends received | $ 3,000 | $ 3,000 | 9,438 | 0 |
Ajay North America | ||||
Equity-accounted investees [Line Items] | ||||
Share of ownership in associates | 49% | |||
Dividends received | $ 1,576 | 1,233 | 1,967 | |
Ajay Europe SARL | ||||
Equity-accounted investees [Line Items] | ||||
Share of ownership in associates | 50% | |||
Dividends received | $ 1,778 | $ 992 | $ 1,197 |
Equity-accounted investees - As
Equity-accounted investees - Assets, Liabilities, Revenue and Expenses of Associates (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity-accounted investees [Line Items] | |||
Current assets | $ 6,991,509 | $ 4,586,095 | |
Non-current assets | 3,827,592 | 2,594,106 | |
Current liabilities | 3,051,547 | 991,709 | |
Non-current liabilities | 2,835,553 | 2,972,521 | |
Revenue | 10,710,578 | 2,862,315 | $ 1,817,191 |
Net income (loss) | 3,914,284 | 592,205 | 168,359 |
Other comprehensive income | 14,291 | (37,993) | 19,266 |
Comprehensive income | 3,928,575 | 554,212 | 187,625 |
Associates | |||
Equity-accounted investees [Line Items] | |||
Current assets | 64,197 | 47,698 | 75,549 |
Non-current assets | 17,964 | 16,337 | 149,940 |
Current liabilities | 28,881 | 15,163 | 20,002 |
Non-current liabilities | 2 | 0 | 101 |
Revenue | 127,542 | 95,784 | 91,511 |
Net income (loss) | 23,180 | 9,423 | 2,876 |
Other comprehensive income | (21) | (34) | 2,222 |
Comprehensive income | 23,159 | 9,389 | 5,098 |
Abu Dhabi Fertilizer Industries WWL | |||
Equity-accounted investees [Line Items] | |||
Current assets | 29,313 | ||
Non-current assets | 8,586 | ||
Current liabilities | 6,706 | ||
Non-current liabilities | 101 | ||
Revenue | 6,641 | ||
Net income (loss) | (420) | ||
Other comprehensive income | 0 | ||
Comprehensive income | (420) | ||
Ajay North America | |||
Equity-accounted investees [Line Items] | |||
Current assets | 30,455 | 21,771 | 18,513 |
Non-current assets | 15,972 | 15,096 | 15,749 |
Current liabilities | 10,395 | 4,421 | 4,737 |
Non-current liabilities | 2 | 0 | 0 |
Revenue | 63,482 | 47,375 | 42,920 |
Net income (loss) | 10,919 | 5,718 | 4,471 |
Other comprehensive income | 0 | 0 | 0 |
Comprehensive income | 10,919 | 5,718 | 4,471 |
Ajay Europe SARL | |||
Equity-accounted investees [Line Items] | |||
Current assets | 33,742 | 25,927 | 22,032 |
Non-current assets | 1,992 | 1,241 | 1,493 |
Current liabilities | 18,486 | 10,742 | 7,773 |
Non-current liabilities | 0 | 0 | 0 |
Revenue | 64,060 | 48,409 | 41,950 |
Net income (loss) | 12,261 | 3,705 | 2,058 |
Other comprehensive income | (21) | (34) | 1,736 |
Comprehensive income | $ 12,240 | $ 3,671 | 3,794 |
Kore Potash PLC | |||
Equity-accounted investees [Line Items] | |||
Current assets | 5,691 | ||
Non-current assets | 124,112 | ||
Current liabilities | 786 | ||
Non-current liabilities | 0 | ||
Revenue | 0 | ||
Net income (loss) | (3,233) | ||
Other comprehensive income | 486 | ||
Comprehensive income | $ (2,747) |
Equity-accounted investees - _2
Equity-accounted investees - Disclosures Regarding Interests in Associates (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
Jun. 30, 2021 USD ($) | Feb. 28, 2022 USD ($) | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Sep. 30, 2020 USD ($) shares | Jun. 30, 2020 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Equity-accounted investees [Line Items] | ||||||||||
Profit loss from sale of interests in associates | $ 643 | |||||||||
Dividends received | $ 6,354 | $ 11,663 | $ 3,164 | |||||||
Kore Potash PLC | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Percentage share reduction | 0.05% | 0.06% | 0.60% | |||||||
Transfer in equity of non controlling interest to other reserves | $ 3,739 | |||||||||
Increase decrease in equity through share based payment transaction | $ 79 | $ 754 | ||||||||
Proportion of ownership interest in associate | 20.15% | 20.20% | 19.07% | |||||||
Issue of equity | $ 13,931 | |||||||||
Percentage of dilution of shares | 5.5 | |||||||||
Profit loss from sale of interests in associates | $ 5,778 | |||||||||
Kore Potash PLC | SQM | South Africa | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Investment in associate shares | shares | 260,598,591 | |||||||||
Total shares in associates | shares | 584,753,846 | |||||||||
Payment to acquire investment in associates | $ 1,679 | |||||||||
Proportion of ownership interest in associate | 20.26% | |||||||||
Plantacote N.V. | WSNPK | SQM | Netherlands | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Business combination total purchase consideration | $ 16,757 | 16,757 | ||||||||
Business combination goodwill | $ 7,380 | 7,380 | ||||||||
Doktor Tarsa Tarim Sanayi AS | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Proceeds from sales of interests in associates | $ 33,066 | |||||||||
Profit loss from sale of interests in associates | 11,408 | |||||||||
SQM Eastmed Turkey | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Proceeds from sales of interests in associates | 618 | |||||||||
Profit loss from sale of interests in associates | $ 408 | |||||||||
Abu Dhabi Fertilizer Industries WWL | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Proportion of ownership interest in associate | 37% | |||||||||
Dividends received | $ 3,000 | $ 3,000 | 9,438 | $ 0 | ||||||
Dividend income | $ 523 | |||||||||
Impairment loss recognised in profit or loss | $ 2,800 | |||||||||
Related Party of Abu Dhabi Fertilizer Industries WWL | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Dividends receivable | 2,477 | |||||||||
Related Party of Abu Dhabi Fertilizer Industries WWL | Internacional Technical and Trading Agenies Co. WLL | ||||||||||
Equity-accounted investees [Line Items] | ||||||||||
Dividends received | $ 9,438 |
Joint Ventures - Investments Ac
Joint Ventures - Investments Accounted for Under Equity Method of Accounting (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Investments accounted for using equity method | $ 54,386 | $ 39,824 | $ 85,993 |
Sichuan SQM Migao Chemical Fertilizers Co Ltd. | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 0 | 0 | 9,028 |
Share in profit (loss) of joint ventures accounted for using the equity method | 0 | 0 | (280) |
Share on other comprehensive income joint ventures accounted for using the equity method | 0 | 0 | 0 |
Share on total comprehensive income of joint ventures accounted for using the equity method | 0 | 0 | (280) |
Coromandel SQM India | |||
Statement [Line Items] | |||
Share on other comprehensive income joint ventures accounted for using the equity method | 0 | 0 | 0 |
Share on total comprehensive income of joint ventures accounted for using the equity method | 0 | 0 | |
SQM Vitas Fzco. | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 20,793 | 8,682 | 9,720 |
Share in profit (loss) of joint ventures accounted for using the equity method | 8,208 | 6,304 | 2,010 |
Share on other comprehensive income joint ventures accounted for using the equity method | 674 | 429 | (1,469) |
Share on total comprehensive income of joint ventures accounted for using the equity method | 8,882 | 6,733 | 541 |
SQM Qinqdao Star Corp Nutrition Co. Ltd. | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 0 | 0 | |
Share in profit (loss) of joint ventures accounted for using the equity method | 0 | 0 | 83 |
Share on other comprehensive income joint ventures accounted for using the equity method | 0 | 0 | 0 |
Share on total comprehensive income of joint ventures accounted for using the equity method | 0 | 0 | 83 |
SQM Vitas Brasil Agroindustria | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 14,667 | 0 | 3,511 |
Share in profit (loss) of joint ventures accounted for using the equity method | 5,834 | 4,582 | 1,018 |
Share on other comprehensive income joint ventures accounted for using the equity method | 551 | (429) | (1,469) |
Share on total comprehensive income of joint ventures accounted for using the equity method | 6,385 | 4,153 | (451) |
SQM Vitas Peru S.A.C. | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 1,340 | 4,681 | 1,659 |
Share in profit (loss) of joint ventures accounted for using the equity method | 2,293 | 1,645 | 660 |
Share on other comprehensive income joint ventures accounted for using the equity method | 0 | 0 | |
Share on total comprehensive income of joint ventures accounted for using the equity method | 2,293 | 1,645 | 660 |
SQM Vitas B.V. | |||
Statement [Line Items] | |||
Share on other comprehensive income joint ventures accounted for using the equity method | 0 | 0 | 0 |
Share on total comprehensive income of joint ventures accounted for using the equity method | 0 | 0 | |
Joint ventures | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 16,007 | 4,681 | 5,170 |
Share in profit (loss) of joint ventures accounted for using the equity method | 8,127 | 6,227 | 1,678 |
Share on other comprehensive income joint ventures accounted for using the equity method | 551 | (429) | (1,469) |
Share on total comprehensive income of joint ventures accounted for using the equity method | 8,678 | 5,798 | 209 |
Pavoni & C. Spa | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 7,315 | 7,030 | 7,222 |
Share in profit (loss) of joint ventures accounted for using the equity method | 470 | 174 | 9 |
Share on other comprehensive income joint ventures accounted for using the equity method | (210) | (317) | 349 |
Share on total comprehensive income of joint ventures accounted for using the equity method | 260 | (143) | 358 |
Covalent Lithium Pty Ltd. | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 0 | 0 | |
Share in profit (loss) of joint ventures accounted for using the equity method | 0 | 0 | 0 |
Share on other comprehensive income joint ventures accounted for using the equity method | 90 | 37 | 16 |
Share on total comprehensive income of joint ventures accounted for using the equity method | 90 | 37 | 16 |
Joint Venture Total [Member] | |||
Statement [Line Items] | |||
Investments accounted for using equity method | 28,108 | 15,712 | 25,970 |
Share in profit (loss) of joint ventures accounted for using the equity method | 8,678 | 6,478 | 1,822 |
Share on other comprehensive income joint ventures accounted for using the equity method | 554 | 149 | (1,104) |
Share on total comprehensive income of joint ventures accounted for using the equity method | $ 9,232 | $ 6,627 | $ 718 |
Joint Ventures - Dividends Rece
Joint Ventures - Dividends Received (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Dividends received | $ 6,354 | $ 11,663 | $ 3,164 |
Sichuan SQM Migao Chemical Fertilizers Co Ltd. | |||
Statement [Line Items] | |||
Share of interest in ownership | 50% | ||
Dividends received | $ 0 | 0 | 0 |
SQM Vitas Fzco. | |||
Statement [Line Items] | |||
Share of interest in ownership | 50% | ||
Dividends received | $ 0 | 0 | 0 |
SQM Qinqdao Star Corp Nutrition Co. Ltd. | |||
Statement [Line Items] | |||
Share of interest in ownership | 50% | ||
Dividends received | $ 0 | 0 | 2,223 |
SQM Vitas Brasil Agroindustria | |||
Statement [Line Items] | |||
Share of interest in ownership | 49.99% | ||
Dividends received | $ 0 | 0 | 0 |
SQM Vitas Peru S.A.C. | |||
Statement [Line Items] | |||
Share of interest in ownership | 50% | ||
Dividends received | $ 0 | 0 | 0 |
Pavoni & C. Spa | |||
Statement [Line Items] | |||
Share of interest in ownership | 50% | ||
Dividends received | $ 0 | 0 | 0 |
Covalent Lithium Pty Ltd. | |||
Statement [Line Items] | |||
Share of interest in ownership | 50% | ||
Dividends received | $ 0 | 0 | 0 |
Dividends received | |||
Statement [Line Items] | |||
Dividends received | $ 0 | $ 0 | $ 2,223 |
Joint Ventures - Assets, Liabil
Joint Ventures - Assets, Liabilities, Revenue and Expenses from Joint Ventures (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Current assets | $ 6,991,509 | $ 4,586,095 | |
Non-current assets | 3,827,592 | 2,594,106 | |
Current liabilities | 3,051,547 | 991,709 | |
Non-current liabilities | 2,835,553 | 2,972,521 | |
Revenue | 10,710,578 | 2,862,315 | $ 1,817,191 |
Net income (loss) | 3,914,284 | 592,205 | 168,359 |
Other comprehensive income | 14,291 | (37,993) | 19,266 |
Comprehensive income | 3,928,575 | 554,212 | 187,625 |
Sichuan SQM Migao Chemical Fertilizers Co Ltd. | |||
Statement [Line Items] | |||
Current assets | 29,507 | ||
Non-current assets | 4,412 | ||
Current liabilities | 14,156 | ||
Revenue | 9 | ||
Net income (loss) | (562) | ||
Comprehensive income | (562) | ||
SQM Vitas Fzco. | |||
Statement [Line Items] | |||
Current assets | 9,618 | 9,606 | 496 |
Non-current assets | 20,431 | ||
Current liabilities | 49 | 215 | 496 |
Non-current liabilities | 0 | 0 | |
Revenue | 0 | 0 | |
Net income (loss) | 165 | 159 | 4,019 |
Other comprehensive income | 0 | 0 | |
Comprehensive income | 165 | 159 | 4,019 |
SQM Vitas Brasil Agroindustria | |||
Statement [Line Items] | |||
Current assets | 73,045 | 73,500 | 40,064 |
Non-current assets | 6,111 | 4,846 | 5,527 |
Current liabilities | 45,894 | 68,794 | 33,410 |
Non-current liabilities | 0 | 0 | |
Revenue | 162,026 | 103,335 | 78,960 |
Net income (loss) | 11,670 | 9,165 | 2,036 |
Other comprehensive income | 602 | (858) | (2,938) |
Comprehensive income | 12,272 | 8,307 | (902) |
SQM Vitas Peru S.A.C. | |||
Statement [Line Items] | |||
Current assets | 59,196 | 28,610 | 34,548 |
Non-current assets | 7,285 | 7,347 | 7,928 |
Current liabilities | 49,596 | 24,473 | 33,145 |
Non-current liabilities | 117 | 828 | 1,080 |
Revenue | 61,387 | 48,128 | 37,591 |
Net income (loss) | 4,586 | 3,289 | 1,319 |
Other comprehensive income | 0 | 0 | |
Comprehensive income | 4,586 | 3,289 | 1,319 |
Joint ventures | |||
Statement [Line Items] | |||
Current assets | 155,452 | 128,505 | 115,686 |
Non-current assets | 22,842 | 21,543 | 47,922 |
Current liabilities | 111,454 | 112,206 | 93,300 |
Non-current liabilities | 3,936 | 3,042 | 2,826 |
Revenue | 241,479 | 171,062 | 132,518 |
Net income (loss) | 14,712 | 12,096 | 6,596 |
Other comprehensive income | 258 | (1,418) | (2,207) |
Comprehensive income | 14,970 | 10,678 | 4,389 |
Pavoni & C. Spa | |||
Statement [Line Items] | |||
Current assets | 11,516 | 12,885 | 10,645 |
Non-current assets | 6,358 | 6,714 | 7,493 |
Current liabilities | 8,853 | 11,226 | 9,270 |
Non-current liabilities | 802 | 725 | 836 |
Revenue | 18,066 | 19,599 | 15,958 |
Net income (loss) | 939 | 347 | 16 |
Other comprehensive income | (344) | (634) | 698 |
Comprehensive income | 595 | (287) | 714 |
Covalent Lithium Pty Ltd. | |||
Statement [Line Items] | |||
Current assets | 2,077 | 3,904 | 1,418 |
Non-current assets | 3,088 | 2,636 | 2,131 |
Current liabilities | 7,062 | 7,498 | 2,823 |
Non-current liabilities | 3,017 | 1,489 | 910 |
Revenue | 0 | 0 | |
Net income (loss) | (2,648) | (864) | (232) |
Other comprehensive income | 0 | 74 | 33 |
Comprehensive income | $ (2,648) | $ (790) | $ (199) |
Joint Ventures - Other Joint Ve
Joint Ventures - Other Joint Venture Disclosures (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement [Line Items] | ||||
Cash and cash equivalents | $ 2,655,236 | $ 1,515,051 | $ 509,102 | $ 588,530 |
Other current financial liabilities | 522,999 | 51,305 | ||
Other non-current financial liabilities | 2,394,218 | 2,587,732 | ||
Depreciation and amortization expense | (244,458) | (214,239) | (203,912) | |
Interest Expense | (86,651) | (84,626) | $ (82,199) | |
SQM Vitas Fzco. | ||||
Statement [Line Items] | ||||
Cash and cash equivalents | 3,866 | 4,115 | ||
Other current financial liabilities | 9,753 | 0 | ||
Other non-current financial liabilities | 0 | 0 | ||
Depreciation and amortization expense | 0 | |||
Interest Expense | (1) | (1) | ||
Income tax benefit (expense) | 0 | 0 | ||
SQM Vitas Brasil Agroindustria | ||||
Statement [Line Items] | ||||
Cash and cash equivalents | 3,820 | 4,132 | ||
Other current financial liabilities | 82 | 10,416 | ||
Other non-current financial liabilities | 0 | 0 | ||
Depreciation and amortization expense | (331) | (278) | ||
Interest Expense | (333) | (367) | ||
Income tax benefit (expense) | 3,164 | 1,985 | ||
SQM Vitas Peru S.A.C. | ||||
Statement [Line Items] | ||||
Cash and cash equivalents | 2,208 | 380 | ||
Other current financial liabilities | 4,951 | 238 | ||
Other non-current financial liabilities | 117 | 289 | ||
Depreciation and amortization expense | (360) | (354) | ||
Interest Expense | (298) | (311) | ||
Income tax benefit (expense) | 2,370 | 1,692 | ||
Joint ventures | ||||
Statement [Line Items] | ||||
Cash and cash equivalents | 12,913 | 13,272 | ||
Other current financial liabilities | 15,280 | 19,195 | ||
Other non-current financial liabilities | 117 | 289 | ||
Depreciation and amortization expense | (1,050) | (1,044) | ||
Interest Expense | (1,019) | (1,193) | ||
Income tax benefit (expense) | 4,899 | 3,507 | ||
Pavoni & C. Spa | ||||
Statement [Line Items] | ||||
Cash and cash equivalents | 1,088 | 787 | ||
Other current financial liabilities | 494 | 7,561 | ||
Other non-current financial liabilities | 0 | 0 | ||
Depreciation and amortization expense | (183) | (245) | ||
Interest Expense | (347) | (459) | ||
Income tax benefit (expense) | 459 | 173 | ||
Covalent Lithium Pty Ltd. | ||||
Statement [Line Items] | ||||
Cash and cash equivalents | 1,931 | 3,858 | ||
Other current financial liabilities | 0 | 980 | ||
Other non-current financial liabilities | 0 | 0 | ||
Depreciation and amortization expense | (176) | (167) | ||
Interest Expense | (40) | (55) | ||
Income tax benefit (expense) | $ (1,094) | $ (343) |
Joint Ventures - Narrative (Det
Joint Ventures - Narrative (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||
Feb. 09, 2021 | Jan. 17, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2017 | |
Statement [Line Items] | |||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | $ 0 | $ 0 | $ 16,949,000 | ||||||
Gain loss on disposal of investments in joint ventures | $ 643,000 | ||||||||
Soquimich European Holding B.V. | |||||||||
Statement [Line Items] | |||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | $ 1,276,000 | ||||||||
Arpa Speciali SRL | |||||||||
Statement [Line Items] | |||||||||
Disposal of interests in joint ventures consideration receivable | 56,000 | ||||||||
Gain loss on disposal of investments in joint ventures | 125,000 | ||||||||
Proceeds from disposal of interests in joint ventures | 17,000 | ||||||||
Arpa Speciali SRL | Other accounts receivable | |||||||||
Statement [Line Items] | |||||||||
Disposal of interest in joint ventures balance consideration receivable current | $ 20,000 | ||||||||
Coromandel SQM India | |||||||||
Statement [Line Items] | |||||||||
Proceeds from disposal of interests in joint ventures | $ 1,604,000 | ||||||||
SQM Qinqdao Star Corp Nutrition Co. Ltd. | |||||||||
Statement [Line Items] | |||||||||
Gain loss on disposal of investments in joint ventures | $ 62,000 | ||||||||
Proceeds from disposal of interests in joint ventures | 1,303,000 | ||||||||
Sichuan SQM Migao Chemical Fertilizers Co Ltd. | |||||||||
Statement [Line Items] | |||||||||
Reversal of impairment losses on investment in associates | $ 7,036,000 | ||||||||
Sales contracts and interest in the joint venture | $ 11,500,000 | ||||||||
Mt Holland | |||||||||
Statement [Line Items] | |||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | $ 700,000,000 | ||||||||
Ownership Interest | 50% | ||||||||
Number of Metric tons capacity | 50,000 | ||||||||
Contribution towards projects in joint operations | $ 475,000,000 | ||||||||
Pending contribution towards investment | $ 450,000,000 |
Cash and cash equivalents - Typ
Cash and cash equivalents - Types of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Cash and cash equivalents. | ||||
Cash on hand | $ 43 | $ 44 | ||
Cash in banks | 529,606 | 662,407 | ||
Total cash | 529,649 | 662,451 | ||
Short-term deposits, classified as cash equivalents | 1,099,441 | 237,655 | ||
Short-term investments, classified as cash equivalents | 1,026,146 | 614,945 | ||
Total cash equivalents | 2,125,587 | 852,600 | ||
Total cash and cash equivalents | $ 2,655,236 | $ 1,515,051 | $ 509,102 | $ 588,530 |
Cash and cash equivalents - Sho
Cash and cash equivalents - Short-Term Investments, Classified as Cash Equivalents (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Cash And Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | $ 1,026,146 | $ 614,945 |
Legg Mason - Western Asset Institutional cash reserves | ||
Cash And Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | 590,661 | 233,648 |
JP Morgan US Dollar liquidity Fund Institucional | ||
Cash And Cash Equivalents [Line Items] | ||
Short-term investments, classified as cash equivalents | $ 435,485 | $ 381,297 |
Cash and cash equivalents - Res
Cash and cash equivalents - Restricted Cash Balances (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Cash and Cash Equivalents [Line Items] | ||
Restricted cash | $ 717 | $ 622 |
Isapre Norte Grande Ltda. | ||
Cash and Cash Equivalents [Line Items] | ||
Restricted cash | $ 717 | $ 622 |
Cash and cash equivalents - S_2
Cash and cash equivalents - Short-Term Deposits, Classified as Cash Equivalents (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Cash And Cash Equivalents [Line Items] | ||
Principal | $ 345,949 | $ 43,396 |
Short-term deposits, classified as cash equivalents | $ 1,099,441 | $ 237,655 |
Short term deposit One [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.95% | 0.58% |
Principal | $ 42,998 | $ 200,000 |
Interest accrued to date | 609 | 100 |
Short-term deposits, classified as cash equivalents | $ 43,607 | $ 200,100 |
Short term deposit Two [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.94% | 0.31% |
Principal | $ 100,817 | $ 1,250 |
Interest accrued to date | 537 | |
Short-term deposits, classified as cash equivalents | $ 101,354 | $ 1,250 |
Short term deposit Three [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.96% | 0.36% |
Principal | $ 41,421 | $ 8,000 |
Interest accrued to date | 343 | 2 |
Short-term deposits, classified as cash equivalents | $ 41,764 | $ 8,002 |
Short term deposit Four [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.96% | 0.28% |
Principal | $ 100,660 | $ 500 |
Interest accrued to date | 644 | |
Short-term deposits, classified as cash equivalents | $ 101,304 | $ 500 |
Short term deposit Five [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.95% | 3.12% |
Principal | $ 32,248 | $ 3,550 |
Interest accrued to date | 458 | 2 |
Short-term deposits, classified as cash equivalents | $ 32,706 | $ 3,552 |
Short term deposit Six [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.95% | 0.26% |
Principal | $ 73,831 | $ 2,500 |
Interest accrued to date | 1,070 | |
Short-term deposits, classified as cash equivalents | $ 74,901 | $ 2,500 |
Short term deposit Seven [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.96% | 0.40% |
Principal | $ 30,146 | $ 1,500 |
Interest accrued to date | 183 | |
Short-term deposits, classified as cash equivalents | $ 30,329 | $ 1,500 |
Short term deposit Eight [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.95% | 0.40% |
Principal | $ 103,288 | $ 1,500 |
Interest accrued to date | 523 | |
Short-term deposits, classified as cash equivalents | $ 103,811 | $ 1,500 |
Short term deposit Nine [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.94% | 0.30% |
Principal | $ 20,710 | $ 5,000 |
Interest accrued to date | 168 | 1 |
Short-term deposits, classified as cash equivalents | $ 20,878 | $ 5,001 |
Short term deposit Ten [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.96% | 0.37% |
Principal | $ 50,330 | $ 1,000 |
Interest accrued to date | 322 | |
Short-term deposits, classified as cash equivalents | $ 50,652 | $ 1,000 |
Short term deposit Eleven [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.98% | 0.34% |
Principal | $ 100,487 | $ 2,000 |
Interest accrued to date | 621 | |
Short-term deposits, classified as cash equivalents | $ 101,108 | $ 2,000 |
Short term deposit Twelve [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.96% | 0.27% |
Principal | $ 70,341 | $ 2,750 |
Interest accrued to date | 428 | |
Short-term deposits, classified as cash equivalents | $ 70,769 | $ 2,750 |
Short term deposit Thirteen [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.97% | 0.06% |
Principal | $ 100,258 | $ 3,000 |
Interest accrued to date | 584 | |
Short-term deposits, classified as cash equivalents | $ 100,842 | $ 3,000 |
Short term deposit Fourteen [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 4.54% | 0.07% |
Principal | $ 82,000 | $ 5,000 |
Interest accrued to date | 424 | |
Short-term deposits, classified as cash equivalents | $ 82,424 | 5,000 |
Short term deposit Fifteen [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 4.54% | |
Principal | $ 122,000 | |
Interest accrued to date | 631 | |
Short-term deposits, classified as cash equivalents | $ 122,631 | |
Short term deposit Sixteen [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.42% | |
Principal | $ 2,000 | |
Interest accrued to date | 7 | |
Short-term deposits, classified as cash equivalents | $ 2,007 | |
Short term deposit Seventeen [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.44% | |
Principal | $ 1,500 | |
Interest accrued to date | 6 | |
Short-term deposits, classified as cash equivalents | $ 1,506 | |
Short term deposit Eighteen [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.22% | |
Principal | $ 2,103 | |
Interest accrued to date | 1 | |
Short-term deposits, classified as cash equivalents | $ 2,104 | |
Short term deposit Nineteen [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.95% | |
Principal | $ 600 | |
Interest accrued to date | 2 | |
Short-term deposits, classified as cash equivalents | $ 602 | |
Short term deposit Twenty [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 1.02% | |
Principal | $ 500 | |
Interest accrued to date | 2 | |
Short-term deposits, classified as cash equivalents | $ 502 | |
Short term deposit Twenty One [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.46% | |
Principal | $ 1,000 | |
Interest accrued to date | 4 | |
Short-term deposits, classified as cash equivalents | $ 1,004 | |
Short term deposit Twenty Two [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.42% | |
Principal | $ 700 | |
Interest accrued to date | 2 | |
Short-term deposits, classified as cash equivalents | $ 702 | |
Short term deposit Twenty Three [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 1.07% | |
Principal | $ 1,700 | |
Interest accrued to date | 3 | |
Short-term deposits, classified as cash equivalents | $ 1,703 | |
Short term deposit Twenty Four [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.66% | |
Principal | $ 1,000 | |
Interest accrued to date | 3 | |
Short-term deposits, classified as cash equivalents | $ 1,003 | |
Short term deposit Twenty Five [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.64% | |
Principal | $ 2,500 | |
Interest accrued to date | 15 | |
Short-term deposits, classified as cash equivalents | $ 2,515 | |
Short term deposit Twenty Six [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.72% | |
Principal | $ 2,200 | |
Interest accrued to date | 1 | |
Short-term deposits, classified as cash equivalents | $ 2,201 | |
Short term deposit Twenty Seven [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.96% | |
Principal | $ 500 | |
Short-term deposits, classified as cash equivalents | $ 500 | |
Short term deposit Twenty Eight [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.58% | |
Principal | $ 1,500 | |
Interest accrued to date | 8 | |
Short-term deposits, classified as cash equivalents | $ 1,508 | |
Short term deposit Twenty Nine [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.38% | |
Principal | $ 1,500 | |
Interest accrued to date | 3 | |
Short-term deposits, classified as cash equivalents | $ 1,503 | |
Short term deposit Thirty [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Short term deposits, Interest rate | 0.87% | |
Principal | $ 1,000 | |
Interest accrued to date | 1 | |
Short-term deposits, classified as cash equivalents | 1,001 | |
Short Term Deposits Classified As Cash Equivalents [Member] | ||
Cash And Cash Equivalents [Line Items] | ||
Principal | 1,091,838 | 237,550 |
Interest accrued to date | 7,603 | 105 |
Short-term deposits, classified as cash equivalents | $ 1,099,441 | $ 237,655 |
Inventories - Type of Inventory
Inventories - Type of Inventory (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Inventories | ||
Raw material | $ 27,035 | $ 12,508 |
Production supplies | 68,426 | 41,114 |
Products-in-progress | 590,946 | 527,118 |
Finished product | 1,097,874 | 603,036 |
Total | $ 1,784,281 | $ 1,183,776 |
Inventories - Breakdown of Inve
Inventories - Breakdown of Inventory Allowances (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Inventories | ||||
Raw material and supplies for production | $ 4,186 | $ 1,865 | ||
Products-in-progress | 83,499 | 59,858 | ||
Finished product | 16,372 | 14,169 | ||
Total | $ 104,057 | $ 75,892 | $ 80,930 | $ 88,174 |
Inventories - Narrative (Detail
Inventories - Narrative (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Inventories | ||
Current materials and supplies to be consumed in production process or rendering services | $ 513,209 | $ 458,913 |
Cost of inventories recognised as expense during period | 104,057 | 75,892 |
Products in progress | 122,284 | 111,316 |
Finished product | $ 198,796 | $ 99,551 |
Inventories - Movements in Inve
Inventories - Movements in Inventory Provisions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Inventories | |||
Beginning balance | $ 75,892 | $ 80,930 | $ 88,174 |
Increase in Lower Value | 29,693 | (3,650) | (5,404) |
Additional Provision Differences of Inventory | (161) | 330 | (704) |
Increase / Decrease eventual differences and others | 1,244 | ||
Provision Used | (1,367) | (1,718) | (2,380) |
Total changes | 28,165 | (5,038) | (7,244) |
Final balance | $ 104,057 | $ 75,892 | $ 80,930 |
Related party disclosures - Sig
Related party disclosures - Significant Transactions with Related Parties (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Doktor Tarsa Tarim Sanayi AS | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | $ 1,053 | ||
Ajay Europe SARL | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | $ 45,205 | $ 35,597 | 23,162 |
Dividend income | 1,778 | 992 | 1,197 |
Ajay North America LLC | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | 41,814 | 27,763 | 20,259 |
Dividend income | 1,576 | 1,233 | 1,967 |
Abu Dhabi Fertilizer Industries WWL | |||
Related party disclosures [Line Items] | |||
Dividend income | 3,000 | 9,438 | |
SQM Vitas Brasil Agroindustria | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | 51,748 | 79,086 | 41,341 |
SQM Vitas Peru S.A.C. | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | 58,077 | 17,016 | 17,723 |
Coromandel SQM India | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | 1,814 | 1,510 | |
SQM Star Qingdao Corp Nutrition Co., Ltd. | |||
Related party disclosures [Line Items] | |||
Dividend income | 2,223 | ||
Terra Tarsa Ukraine LLC | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | 737 | ||
Pavoni & C. Spa | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | 4,138 | 5,359 | $ 1,125 |
Banco de Chile | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | (27,918) | (20,904) | |
Norte Grande S.A. | |||
Related party disclosures [Line Items] | |||
Revenue from sale of goods, related party transactions | 142 | 146 | |
El Mercurio S.A.P. | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | (90) | (131) | |
Compania de Seguros de Vida Consorcio Nacional | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | (31) | (134) | |
Entel PCS Telecomunicaciones S.A. | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | (228) | (157) | |
Empresa Nacional de Telecomunicaciones S.A. | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | (1,746) | (2,393) | |
Gonzalo Guerrero Yamamoto | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | (19) | $ (79) | |
Instituto Chileno administracion empresas | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | (46) | ||
Fundacion para el desarrollo social | |||
Related party disclosures [Line Items] | |||
Services received, related party transactions | $ (7) |
Related party disclosures - Tra
Related party disclosures - Trade Receivables Due from Related Parties, Current (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Related party disclosures [Line Items] | ||
Current receivables due from related parties | $ 81,622 | $ 86,152 |
Ajay Europe SARL | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 7,967 | 7,567 |
Ajay North America LLC | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 8,354 | 3,350 |
Abu Dhabi Fertilizer Industries WWL | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 2,477 | |
Soc. de Inversiones Pampa Calichera | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 5 | 5 |
SQM Vitas Brasil Agroindustria | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 32,054 | 55,119 |
SQM Vitas Peru S.A.C. | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 31,081 | 14,684 |
SQM Vitas Fzco. | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 232 | 232 |
Pavoni & C SpA | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | 888 | 804 |
Covalent Lithium Pty Ltd. | ||
Related party disclosures [Line Items] | ||
Current receivables due from related parties | $ 1,041 | $ 1,914 |
Related party disclosures - Nar
Related party disclosures - Narrative (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Related party disclosures [Line Items] | ||
Provision for receivables | $ 8,815 | $ 13,999 |
Related parties | ||
Related party disclosures [Line Items] | ||
Provision for receivables | $ 1,378 | $ 717 |
Financial instruments - Descrip
Financial instruments - Description of Other Financial Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Other non-current financial assets | $ 32,126 | $ 9,268 |
Other current financial assets | 961,355 | 919,049 |
Financial instruments for hedging purposes | ||
Financial instruments [Line Items] | ||
Other non-current financial assets | 22,606 | 245 |
Other current financial assets | 7,014 | 12,625 |
Financial assets at amortized cost | ||
Financial instruments [Line Items] | ||
Other non-current financial assets | 23 | 91 |
Other current financial assets | 950,167 | 905,170 |
Financial assets at fair value through other comprehensive income | ||
Financial instruments [Line Items] | ||
Other non-current financial assets | 9,497 | 8,932 |
Non-hedging | ||
Financial instruments [Line Items] | ||
Other current financial assets | $ 4,174 | $ 1,254 |
Financial instruments - Financi
Financial instruments - Financial Assets By Institution (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Other current financial assets | $ 961,355 | $ 919,049 |
Banco Ita CorpBanca | ||
Financial instruments [Line Items] | ||
Other current financial assets | 15,048 | 195,471 |
Banco Estado | ||
Financial instruments [Line Items] | ||
Other current financial assets | 85,055 | 0 |
Financial assets at amortized cost | ||
Financial instruments [Line Items] | ||
Other current financial assets | 950,167 | 905,170 |
Financial assets at amortized cost | Banco de Crdito e Inversiones | ||
Financial instruments [Line Items] | ||
Other current financial assets | 187,707 | 34,325 |
Financial assets at amortized cost | Banco Santander | ||
Financial instruments [Line Items] | ||
Other current financial assets | 51,444 | 65,899 |
Financial assets at amortized cost | Banco de Chile | ||
Financial instruments [Line Items] | ||
Other current financial assets | 150,259 | 0 |
Financial assets at amortized cost | Scotiabank Sud Americano | ||
Financial instruments [Line Items] | ||
Other current financial assets | 250,362 | 289,421 |
Financial assets at amortized cost | Sumitomo Mitsui Banking | ||
Financial instruments [Line Items] | ||
Other current financial assets | $ 210,292 | $ 320,054 |
Financial instruments - Types o
Financial instruments - Types of Financial Assets, Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Dec. 31, 2021 | |
Financial instruments [Line Items] | ||
Proceeds from the sale of equity instruments | $ 16,413 | |
Term deposit One | ||
Financial instruments [Line Items] | ||
Assets Pledged as Collateral | $ 31,430 |
Financial instruments - Trade a
Financial instruments - Trade and Other Receivables (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Trade and other current receivables | $ 1,087,420 | $ 654,073 |
Non-current trade receivables | 2,091 | 6,172 |
Trade and other non-current receivables | 2,091 | 6,172 |
Trade and other receivables | 1,089,511 | 660,245 |
Trade and other receivables | ||
Financial instruments [Line Items] | ||
Current trade receivables | 1,002,223 | 590,312 |
Current prepayments | 38,709 | 49,168 |
Other current receivables | 16,648 | 14,210 |
Guarantee deposits, current | 29,840 | 383 |
Non-current trade receivables | 0 | 0 |
Non-current prepayments | 0 | 0 |
Other non-current receivables | 2,091 | 6,172 |
Guarantee deposits, noncurrent | 0 | 0 |
Trade receivables | 1,002,223 | 590,312 |
Prepayments | 38,709 | 49,168 |
Other Receivables | 18,739 | 20,382 |
Guarantee deposits | $ 29,840 | $ 383 |
Financial instruments - Trade_2
Financial instruments - Trade and Other Receivables Reconciliation (Details) ¥ in Millions | 3 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 USD ($) | Sep. 30, 2022 CNY (¥) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Financial instruments [Line Items] | |||||
Gross receivables | $ 1,098,326,000 | $ 674,244,000 | |||
Impairment provision for doubtful receivables | (8,815,000) | (13,999,000) | |||
Trade receivables, net | 1,089,511,000 | 660,245,000 | |||
Guarantee Deposits [abstract] | |||||
Payments to acquire new plant | 905,247,000 | 464,718,000 | $ 322,242,000 | ||
Battery-Grade Lithium Hydroxide Monohydrate Plant | |||||
Guarantee Deposits [abstract] | |||||
Number of Metric tons capacity | 20,000 | ||||
Payments to acquire new plant | $ 125,591,000 | ¥ 869 | |||
Battery-Grade Lithium Hydroxide Monohydrate Plant | First installment | |||||
Guarantee Deposits [abstract] | |||||
Payments to acquire new plant | 29,322,000 | 204.5 | |||
Battery-Grade Lithium Hydroxide Monohydrate Plant | Second installment | |||||
Guarantee Deposits [abstract] | |||||
Payments to acquire new plant | $ 8,310,000 | ¥ 57.5 | |||
Receivables related to credit operations, current | |||||
Financial instruments [Line Items] | |||||
Gross receivables | 1,006,982,000 | 600,664,000 | |||
Impairment provision for doubtful receivables | (4,759,000) | (10,352,000) | |||
Trade receivables, net | 1,002,223,000 | 590,312,000 | |||
Prepayments, current | |||||
Financial instruments [Line Items] | |||||
Gross receivables | 39,493,000 | 49,952,000 | |||
Impairment provision for doubtful receivables | (784,000) | (784,000) | |||
Trade receivables, net | 38,709,000 | 49,168,000 | |||
Other receivables, current | |||||
Financial instruments [Line Items] | |||||
Gross receivables | 19,920,000 | 17,073,000 | |||
Impairment provision for doubtful receivables | (3,272,000) | (2,863,000) | |||
Trade receivables, net | 16,648,000 | 14,210,000 | |||
Guarantee deposits | |||||
Financial instruments [Line Items] | |||||
Gross receivables | 29,840,000 | 383,000 | |||
Impairment provision for doubtful receivables | 0 | 0 | |||
Trade receivables, net | 29,840,000 | 383,000 | |||
Other receivables, non-current | |||||
Financial instruments [Line Items] | |||||
Gross receivables | 2,091,000 | 6,172,000 | |||
Impairment provision for doubtful receivables | 0 | 0 | |||
Trade receivables, net | $ 2,091,000 | $ 6,172,000 |
Financial instruments - Renegot
Financial instruments - Renegotiated Portfolio and Impairment Provision for Doubtful Receivables (Details) $ in Thousands | Dec. 31, 2022 USD ($) customer | Dec. 31, 2021 USD ($) employee |
Financial instruments [Line Items] | ||
Total Gross Book Value | $ 1,087,420 | $ 654,073 |
Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 1,273 | 1,517 |
Portfolio under no renegotiated terms | $ 1,005,437 | $ 599,637 |
Number of customers under renegotiated terms | 82 | 126 |
Portfolio under renegotiated terms, gross | $ 1,545 | $ 1,027 |
Receivables due from related parties, current | ||
Financial instruments [Line Items] | ||
Total Gross Book Value | 83,000 | 86,869 |
Impairment Estimate | $ 1,378 | $ 717 |
Between 1 and 30 days | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 1% | 8% |
Total Gross Book Value | $ 30,187 | $ 22,633 |
Impairment Estimate | $ 391 | $ 1,856 |
Between 1 and 30 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 149 | 112 |
Portfolio under no renegotiated terms | $ 30,116 | $ 22,632 |
Number of customers under renegotiated terms | 4 | 0 |
Portfolio under renegotiated terms, gross | $ 71 | $ 0 |
Between 31 and 60 days | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 7% | 32% |
Total Gross Book Value | $ 1,457 | $ 2,113 |
Impairment Estimate | $ 108 | $ 673 |
Between 31 and 60 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 25 | 18 |
Portfolio under no renegotiated terms | $ 1,352 | $ 2,114 |
Number of customers under renegotiated terms | 2 | 0 |
Portfolio under renegotiated terms, gross | $ 105 | $ 0 |
Between 61 and 90 days | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 6% | 34% |
Total Gross Book Value | $ 3,336 | $ 1,015 |
Impairment Estimate | $ 186 | $ 346 |
Between 61 and 90 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 2 | 11 |
Portfolio under no renegotiated terms | $ 2,632 | $ 1,015 |
Number of customers under renegotiated terms | 3 | 0 |
Portfolio under renegotiated terms, gross | $ 704 | $ 0 |
More than 91 days | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 81% | 71% |
Total Gross Book Value | $ 3,873 | $ 3,874 |
Impairment Estimate | $ 3,126 | $ 2,753 |
More than 91 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | customer | 10 | |
Portfolio under no renegotiated terms | $ 235 | |
Number of customers under renegotiated terms | customer | 0 | |
Portfolio under renegotiated terms, gross | $ 0 | |
Between 91 and 120 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | employee | 7 | |
Portfolio under no renegotiated terms | $ 202 | |
Number of customers under renegotiated terms | employee | 0 | |
Portfolio under renegotiated terms, gross | $ 0 | |
Between 121 and 150 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 1 | 3 |
Portfolio under no renegotiated terms | $ 84 | $ 43 |
Number of customers under renegotiated terms | 0 | 0 |
Portfolio under renegotiated terms, gross | $ 0 | $ 0 |
Between 151 and 180 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 2 | 3 |
Portfolio under no renegotiated terms | $ 180 | $ 4 |
Number of customers under renegotiated terms | 1 | 0 |
Portfolio under renegotiated terms, gross | $ 7 | $ 0 |
Between 181 and 210 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 4 | 3 |
Portfolio under no renegotiated terms | $ 67 | $ 130 |
Number of customers under renegotiated terms | 2 | 0 |
Portfolio under renegotiated terms, gross | $ 27 | $ 0 |
Between 211 and 250 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 7 | 1 |
Portfolio under no renegotiated terms | $ 192 | $ 1 |
Number of customers under renegotiated terms | 3 | 2 |
Portfolio under renegotiated terms, gross | $ 54 | $ 4 |
More than 250 days | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 76 | 80 |
Portfolio under no renegotiated terms | $ 2,726 | $ 2,597 |
Number of customers under renegotiated terms | 55 | 117 |
Portfolio under renegotiated terms, gross | $ 301 | $ 893 |
Current | ||
Financial instruments [Line Items] | ||
Expected credit loss rate | 1% | |
Total Gross Book Value | 968,129 | $ 571,029 |
Impairment Estimate | $ 948 | $ 4,724 |
Current | Uncollateralized Portfolio | ||
Financial instruments [Line Items] | ||
Number of customers under no renegotiated terms | 997 | 1,279 |
Portfolio under no renegotiated terms | $ 967,853 | $ 570,899 |
Number of customers under renegotiated terms | 12 | 7 |
Portfolio under renegotiated terms, gross | $ 276 | $ 130 |
Trade | ||
Financial instruments [Line Items] | ||
Total Gross Book Value | 1,006,982 | 600,664 |
Impairment Estimate | $ 4,759 | $ 10,352 |
Financial instruments - Movemen
Financial instruments - Movements in Provisions (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financial instruments | ||
Impairment provision of accounts receivable at the beginning of the year | $ 14,716 | $ 27,273 |
Increase (decrease) impairment of accounts receivable | (3,369) | 235 |
Write-off of receivables | (11,091) | |
Difference in exchange rate | (1,154) | (1,701) |
Impairment provision of accounts receivable provision at the end of the year | 10,193 | 14,716 |
Trade and other receivables provision | 4,759 | 10,352 |
Current other receivables provision | 4,056 | 3,647 |
Trade receivables with related parties, current Provision | 1,378 | 717 |
Insurance recovered | 210 | |
Impairment provision of accounts receivable | 10,193 | 14,716 |
Renegotiated receivables | 356 | 910 |
Non-renegotiated receivables | $ 9,837 | $ 13,806 |
Financial instruments - Derivat
Financial instruments - Derivative Financial Instruments (Hedges) Measured at Fair Value (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financial instruments [Line Items] | ||
Hedging assets | $ 33,794 | $ 14,124 |
Hedging liabilities | 68,342 | 83,526 |
Effect on profit or loss for the period derivative instruments | 25,714 | (17,761) |
Hedging reserve in equity before tax | (19,967) | (46,529) |
Debt | Cross currency swap contracts | ||
Financial instruments [Line Items] | ||
Hedging assets | 22,481 | 12,870 |
Hedging liabilities | 62,526 | 81,854 |
Effect on profit or loss for the period derivative instruments | (12,939) | (22,455) |
Hedging reserve in equity before tax | (27,106) | (46,529) |
Debt | Cross currency swap contracts | Short Term | ||
Financial instruments [Line Items] | ||
Hedging assets | 7,014 | 12,625 |
Hedging liabilities | 42,754 | 8,954 |
Debt | Cross currency swap contracts | Long Term | ||
Financial instruments [Line Items] | ||
Hedging assets | 15,467 | 245 |
Hedging liabilities | 19,772 | 72,900 |
Investment | ||
Financial instruments [Line Items] | ||
Hedging assets | 29,620 | |
Hedging liabilities | 62,526 | |
Effect on profit or loss for the period derivative instruments | (12,939) | |
Hedging reserve in equity before tax | (19,967) | |
Investment | Forward contract | ||
Financial instruments [Line Items] | ||
Hedging assets | 7,139 | 1,254 |
Hedging liabilities | 1,672 | |
Effect on profit or loss for the period derivative instruments | 4,694 | |
Hedging reserve in equity before tax | 7,139 | 0 |
Investment | Forward contract | Short Term | ||
Financial instruments [Line Items] | ||
Hedging assets | 1,254 | |
Hedging liabilities | $ 1,672 | |
Investment | Forward contract | Long Term | ||
Financial instruments [Line Items] | ||
Hedging assets | 7,139 | |
Hedging reserve in equity before tax | 7,139 | |
Investment | Forwards/Options | ||
Financial instruments [Line Items] | ||
Hedging assets | 4,174 | |
Hedging liabilities | 5,816 | |
Effect on profit or loss for the period derivative instruments | 38,653 | |
Hedging reserve in equity before tax | 0 | |
Investment | Forwards/Options | Short Term | ||
Financial instruments [Line Items] | ||
Hedging assets | 4,174 | |
Hedging liabilities | 5,816 | |
Hedging reserve in equity before tax | $ 0 |
Financial instruments - Reconci
Financial instruments - Reconciliation of Asset and Liability Hedging Derivatives (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Hedge-to-debt derivatives | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging derivative, beginning | $ (81,597) | $ 18,070 |
Hedging derivative, ending | (10,061) | (81,597) |
Hedging derivatives to investment | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging derivative, beginning | 12,613 | (21,004) |
Hedging derivative, ending | (29,984) | 12,613 |
Non-hedging derivatives disbursement SQM Australia Pty | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging derivative, ending | 7,139 | |
Non-hedging derivatives | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging derivative, beginning | (418) | (2,784) |
Hedging derivative, ending | (1,643) | (418) |
Cash Flow | Hedge-to-debt derivatives | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | 8,616 | 6,478 |
Cash Flow | Hedging derivatives to investment | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | (52,698) | 9,405 |
Cash Flow | Non-hedging derivatives disbursement SQM Australia Pty | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | 2,022 | |
Cash Flow | Non-hedging derivatives | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | (39,878) | (2,327) |
Income Statement | Hedge-to-debt derivatives | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | 37,494 | (52,254) |
Income Statement | Hedging derivatives to investment | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | 16,104 | 23,083 |
Income Statement | Non-hedging derivatives | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | 38,653 | 4,693 |
Equity and Others | Hedge-to-debt derivatives | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | 25,426 | (53,891) |
Equity and Others | Hedging derivatives to investment | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | (6,003) | $ 1,129 |
Equity and Others | Non-hedging derivatives disbursement SQM Australia Pty | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Gain (loss) on hedging derivatives | $ 5,117 |
Financial instruments - Deriv_2
Financial instruments - Derivative Contract Maturities (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Series H bonds | |
Financial instruments [Line Items] | |
Contract amount | $ 105,828 |
Series O bonds | |
Financial instruments [Line Items] | |
Contract amount | 58,748 |
Series P bonds | |
Financial instruments [Line Items] | |
Contract amount | 134,228 |
Series Q bonds | |
Financial instruments [Line Items] | |
Contract amount | $ 106,933 |
Financial instruments - Other C
Financial instruments - Other Current and Non-Current Financial Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Current | $ 522,999 | $ 51,305 |
Non-current | 2,394,218 | 2,587,732 |
Total | 2,917,217 | 2,639,037 |
Bank borrowings | Financial liabilities at amortised cost | ||
Financial instruments [Line Items] | ||
Current | 130,840 | 85 |
Non-current | 197,522 | 69,613 |
Total | 328,362 | 69,698 |
Obligations public | Financial liabilities at amortised cost | ||
Financial instruments [Line Items] | ||
Current | 343,589 | 40,594 |
Non-current | 2,176,924 | 2,445,219 |
Total | 2,520,513 | 2,485,813 |
For hedging | Financial assets at fair value through profit or loss, classified as held for trading | ||
Financial instruments [Line Items] | ||
Current | 42,754 | 8,954 |
Non-current | 19,772 | 72,900 |
Total | 62,526 | 81,854 |
Non-hedging liabilities | Financial assets at fair value through profit or loss, classified as held for trading | ||
Financial instruments [Line Items] | ||
Current | 5,816 | 1,672 |
Non-current | 0 | 0 |
Total | $ 5,816 | $ 1,672 |
Financial instruments - Bank Bo
Financial instruments - Bank Borrowings, Current (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 21, 2022 | |
Financial instruments [Line Items] | |||
Notional amounts | $ 345,949 | $ 43,396 | |
Borrowing costs | (2,360) | (2,802) | |
Bank borrowings | |||
Financial instruments [Line Items] | |||
Notional amounts | 130,000 | 0 | |
Current amounts | 130,989 | 85 | |
Borrowing costs | (149) | 0 | |
Total | 130,840 | 85 | |
Bank borrowings | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 60,000 | 0 | |
Current amounts | 60,596 | 85 | |
Bank borrowings | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 70,000 | 0 | |
Current amounts | $ 70,393 | $ 0 | |
Scotiabank Cayman | |||
Financial instruments [Line Items] | |||
Effective rate | 2.33% | 2.05% | |
Nominal rate | 3.19% | 1.36% | |
Scotiabank Cayman | Bank borrowings | |||
Financial instruments [Line Items] | |||
Effective rate | 0.97% | 0.82% | |
Nominal rate | 5.22% | 1.36% | |
Notional amounts | $ 70,000 | $ 0 | |
Current amounts | 70,393 | 85 | |
Borrowing costs | (149) | 0 | |
Total | 70,244 | 85 | |
Scotiabank Cayman | Bank borrowings | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current amounts | 85 | ||
Scotiabank Cayman | Bank borrowings | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 70,000 | 0 | |
Current amounts | $ 70,393 | $ 0 | |
Banco Ita CorpBanca | Bank borrowings | |||
Financial instruments [Line Items] | |||
Effective rate | 4.50% | ||
Nominal rate | 4.50% | ||
Notional amounts | $ 20,000 | ||
Current amounts | 20,062 | ||
Borrowing costs | 0 | ||
Total | 20,062 | ||
Banco Ita CorpBanca | Bank borrowings | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 20,000 | ||
Current amounts | 20,062 | ||
Banco Ita CorpBanca | Bank borrowings | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Banco Estado | Bank borrowings | |||
Financial instruments [Line Items] | |||
Effective rate | 4.59% | ||
Nominal rate | 4.59% | ||
Notional amounts | $ 40,000 | ||
Current amounts | 40,128 | ||
Borrowing costs | 0 | ||
Total | 40,128 | ||
Banco Estado | Bank borrowings | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 40,000 | ||
Current amounts | 40,128 | ||
Banco Estado | Bank borrowings | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | $ 0 | ||
Scotiabank Sud Americano | |||
Financial instruments [Line Items] | |||
Effective rate | 5.10% | ||
Nominal rate | 6.08% | ||
Scotiabank Sud Americano | Bank borrowings | |||
Financial instruments [Line Items] | |||
Notional amounts | $ 0 | ||
Current amounts | 406 | ||
Borrowing costs | 0 | ||
Total | 406 | ||
Scotiabank Sud Americano | Bank borrowings | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 406 | ||
Scotiabank Sud Americano | Bank borrowings | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | ||
Current amounts | 0 | ||
Banco Santander | |||
Financial instruments [Line Items] | |||
Current amounts | $ 0 | ||
Banco Santander | Minimum | |||
Financial instruments [Line Items] | |||
Notional amounts | $ 10,000 | ||
Banco Santander | Maximum | |||
Financial instruments [Line Items] | |||
Notional amounts | $ 100,000 |
Financial instruments - Unsecur
Financial instruments - Unsecured Obligations, Current (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Oct. 31, 2018 | |
Financial instruments [Line Items] | |||
Notional amounts | $ 345,949 | $ 43,396 | |
Current maturities | 345,949 | 43,396 | |
Borrowing costs | (2,360) | (2,802) | |
Total | 343,589 | 40,594 | |
Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 32,517 | 37,555 | |
Current maturities | 32,517 | 37,555 | |
Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 313,432 | 5,841 | |
Current maturities | $ 313,432 | $ 5,841 | |
Single series bond Two | |||
Financial instruments [Line Items] | |||
Nominal rate | 4.38% | 4.38% | |
Effective rate | 1.17% | 1.56% | |
Notional amounts | $ 4,648 | $ 4,648 | |
Current maturities | 4,648 | 4,648 | |
Borrowing costs | (433) | (433) | |
Total | 4,215 | 4,215 | |
Single series bond Two | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 4,648 | 4,648 | |
Current maturities | 4,648 | 4,648 | |
Single series bond Two | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | $ 0 | $ 0 | |
Single series bond Three | |||
Financial instruments [Line Items] | |||
Nominal rate | 3.63% | 3.63% | |
Effective rate | 0.56% | 0.74% | |
Notional amounts | $ 302,658 | $ 2,658 | |
Current maturities | 302,658 | 2,658 | |
Borrowing costs | (170) | (614) | |
Total | 302,488 | 2,044 | |
Single series bond Three | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | 0 | 0 | |
Single series bond Three | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 302,658 | 2,658 | |
Current maturities | $ 302,658 | $ 2,658 | |
Single series bond Five | |||
Financial instruments [Line Items] | |||
Nominal rate | 4.25% | 4.25% | |
Effective rate | 3.01% | 3.23% | |
Notional amounts | $ 2,869 | $ 2,869 | |
Current maturities | 2,869 | 2,869 | |
Borrowing costs | (679) | (679) | |
Total | 2,190 | 2,190 | |
Single series bond Five | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | 0 | 0 | |
Single series bond Five | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 2,869 | 2,869 | |
Current maturities | $ 2,869 | $ 2,869 | |
Series H bonds | |||
Financial instruments [Line Items] | |||
Nominal rate | 4.90% | 4.90% | |
Effective rate | 1.23% | 1.75% | |
Notional amounts | $ 17,566 | $ 16,026 | |
Current maturities | 17,566 | 16,026 | |
Borrowing costs | (172) | (172) | |
Total | 17,394 | 15,854 | |
Series H bonds | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 17,566 | 16,026 | |
Current maturities | 17,566 | 16,026 | |
Series H bonds | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | $ 0 | $ 0 | |
Series O bonds | |||
Financial instruments [Line Items] | |||
Nominal rate | 3.80% | 3.80% | |
Effective rate | 1.89% | 2.06% | |
Notional amounts | $ 965 | $ 863 | |
Current maturities | 965 | 863 | |
Borrowing costs | (82) | (82) | |
Total | 883 | 781 | |
Series O bonds | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 965 | 863 | |
Current maturities | 965 | 863 | |
Series O bonds | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | $ 0 | $ 0 | |
Series P bonds | |||
Financial instruments [Line Items] | |||
Nominal rate | 3.25% | 3.25% | |
Effective rate | 1.72% | 2.04% | |
Notional amounts | $ 1,830 | $ 1,636 | |
Current maturities | 1,830 | 1,636 | |
Borrowing costs | (12) | (12) | |
Total | 1,818 | 1,624 | |
Series P bonds | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 1,830 | 1,636 | |
Current maturities | 1,830 | 1,636 | |
Series P bonds | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | $ 0 | $ 0 | |
Series Q bonds | |||
Financial instruments [Line Items] | |||
Nominal rate | 3.45% | 3.45% | |
Effective rate | 2.63% | 2.72% | 3.45% |
Notional amounts | $ 351 | $ 314 | |
Current maturities | 351 | 314 | |
Borrowing costs | (20) | (21) | |
Total | 331 | 293 | |
Series Q bonds | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | 0 | 0 | |
Series Q bonds | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 351 | 314 | |
Current maturities | $ 351 | $ 314 | |
Single Series Bond Six | |||
Financial instruments [Line Items] | |||
Nominal rate | 4.25% | 4.25% | |
Effective rate | 3.79% | 4% | |
Notional amounts | $ 7,508 | $ 7,508 | |
Current maturities | 7,508 | 7,508 | |
Borrowing costs | (237) | (237) | |
Total | 7,271 | 7,271 | |
Single Series Bond Six | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 7,508 | 7,508 | |
Current maturities | 7,508 | 7,508 | |
Single Series Bond Six | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 0 | |
Current maturities | $ 0 | $ 0 | |
Single Series Seventh Issue Bonds | |||
Financial instruments [Line Items] | |||
Nominal rate | 3.50% | 3.50% | |
Effective rate | 3.44% | 3.62% | |
Notional amounts | $ 7,554 | $ 6,874 | |
Current maturities | 7,554 | 6,874 | |
Borrowing costs | (555) | (552) | |
Total | 6,999 | 6,322 | |
Single Series Seventh Issue Bonds | Not later than three months | |||
Financial instruments [Line Items] | |||
Notional amounts | 0 | 6,874 | |
Current maturities | 0 | 6,874 | |
Single Series Seventh Issue Bonds | Later than three months and not later than one year | |||
Financial instruments [Line Items] | |||
Notional amounts | 7,554 | 0 | |
Current maturities | $ 7,554 | $ 0 |
Financial instruments - Classes
Financial instruments - Classes of Interest-Bearing Loans, Non-Current (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financial instruments [Line Items] | ||
Notional amounts | $ 345,949 | $ 43,396 |
Borrowing costs | $ (2,360) | $ (2,802) |
Scotiabank Cayman | ||
Financial instruments [Line Items] | ||
Effective rate | 2.33% | 2.05% |
Nominal rate | 3.19% | 1.36% |
Scotiabank Sud Americano | ||
Financial instruments [Line Items] | ||
Effective rate | 5.10% | |
Nominal rate | 6.08% | |
Unsecured obligations | ||
Financial instruments [Line Items] | ||
Notional amounts | $ 200,000 | $ 70,000 |
Non-current maturities | 200,000 | 70,000 |
Borrowing costs | (2,478) | (387) |
Total | 197,522 | $ 69,613 |
Unsecured obligations | Scotiabank Cayman | ||
Financial instruments [Line Items] | ||
Company | SQM S.A. | |
Financial institution | Scotiabank Cayman | |
Notional amounts | $ 70,000 | |
Non-current maturities | 70,000 | |
Borrowing costs | (387) | |
Total | 69,613 | |
Unsecured obligations | Scotiabank Sud Americano | ||
Financial instruments [Line Items] | ||
Notional amounts | 200,000 | |
Non-current maturities | 200,000 | |
Borrowing costs | (2,478) | |
Total | 197,522 | |
Unsecured obligations | Between 1 year to 2 years | ||
Financial instruments [Line Items] | ||
Notional amounts | 0 | |
Non-current maturities | 0 | |
Unsecured obligations | Between 1 year to 2 years | Scotiabank Cayman | ||
Financial instruments [Line Items] | ||
Notional amounts | 0 | |
Non-current maturities | 0 | |
Unsecured obligations | Between 2 years to 3 years | ||
Financial instruments [Line Items] | ||
Notional amounts | 200,000 | 70,000 |
Non-current maturities | 200,000 | 70,000 |
Unsecured obligations | Between 2 years to 3 years | Scotiabank Cayman | ||
Financial instruments [Line Items] | ||
Notional amounts | 0 | 70,000 |
Non-current maturities | 0 | 70,000 |
Unsecured obligations | Between 2 years to 3 years | Scotiabank Sud Americano | ||
Financial instruments [Line Items] | ||
Notional amounts | 200,000 | |
Non-current maturities | 200,000 | |
Unsecured obligations | Over 3 year to 4 years | ||
Financial instruments [Line Items] | ||
Notional amounts | 0 | 0 |
Non-current maturities | 0 | 0 |
Unsecured obligations | Over 3 year to 4 years | Scotiabank Cayman | ||
Financial instruments [Line Items] | ||
Notional amounts | 0 | 0 |
Non-current maturities | 0 | $ 0 |
Unsecured obligations | Over 3 year to 4 years | Scotiabank Sud Americano | ||
Financial instruments [Line Items] | ||
Notional amounts | 0 | |
Non-current maturities | $ 0 |
Financial instruments - Non-Cur
Financial instruments - Non-Current Unsecured Interest-Bearing Bonds and Additional Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Oct. 31, 2018 | |
Financial instruments [Line Items] | |||
Principal | $ 345,949 | $ 43,396 | |
Borrowing costs | $ (2,360) | $ (2,802) | |
Single series bond Two | |||
Financial instruments [Line Items] | |||
Effective rate | 1.17% | 1.56% | |
Nominal rate | 4.38% | 4.38% | |
Principal | $ 4,648 | $ 4,648 | |
Borrowing costs | $ (433) | $ (433) | |
Single series bond Three | |||
Financial instruments [Line Items] | |||
Effective rate | 0.56% | 0.74% | |
Nominal rate | 3.63% | 3.63% | |
Principal | $ 302,658 | $ 2,658 | |
Borrowing costs | $ (170) | $ (614) | |
Single series bond Five | |||
Financial instruments [Line Items] | |||
Effective rate | 3.01% | 3.23% | |
Nominal rate | 4.25% | 4.25% | |
Principal | $ 2,869 | $ 2,869 | |
Borrowing costs | $ (679) | $ (679) | |
Series H bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 1.23% | 1.75% | |
Nominal rate | 4.90% | 4.90% | |
Principal | $ 17,566 | $ 16,026 | |
Borrowing costs | $ (172) | $ (172) | |
Series O bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 1.89% | 2.06% | |
Nominal rate | 3.80% | 3.80% | |
Principal | $ 965 | $ 863 | |
Borrowing costs | $ (82) | $ (82) | |
Series P bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 1.72% | 2.04% | |
Nominal rate | 3.25% | 3.25% | |
Principal | $ 1,830 | $ 1,636 | |
Borrowing costs | $ (12) | $ (12) | |
Series Q bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 2.63% | 2.72% | 3.45% |
Nominal rate | 3.45% | 3.45% | |
Principal | $ 351 | $ 314 | |
Borrowing costs | $ (20) | $ (21) | |
Single Series Bond Six | |||
Financial instruments [Line Items] | |||
Effective rate | 3.79% | 4% | |
Nominal rate | 4.25% | 4.25% | |
Principal | $ 7,508 | $ 7,508 | |
Borrowing costs | $ (237) | $ (237) | |
Single Series Seventh Issue Bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 3.44% | 3.62% | |
Nominal rate | 3.50% | 3.50% | |
Principal | $ 7,554 | $ 6,874 | |
Borrowing costs | (555) | (552) | |
Unsecured obligations | |||
Financial instruments [Line Items] | |||
Principal | 2,204,648 | 2,475,239 | |
Non-current maturities | 2,204,648 | 2,475,239 | |
Borrowing costs | (27,724) | (30,020) | |
Total | 2,176,924 | 2,445,219 | |
Unsecured obligations | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 300,000 | |
Non-current maturities | 0 | 300,000 | |
Unsecured obligations | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 250,000 | 250,000 | |
Non-current maturities | 250,000 | 250,000 | |
Unsecured obligations | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 1,954,648 | 1,925,239 | |
Non-current maturities | $ 1,954,648 | $ 1,925,239 | |
Unsecured obligations | Single series bond Two | |||
Financial instruments [Line Items] | |||
Effective rate | 4.08% | 4.08% | |
Nominal rate | 4.38% | 4.38% | |
Principal | $ 250,000 | $ 250,000 | |
Non-current maturities | 250,000 | 250,000 | |
Borrowing costs | (469) | (903) | |
Total | 249,531 | 249,097 | |
Unsecured obligations | Single series bond Two | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single series bond Two | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single series bond Two | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 250,000 | 250,000 | |
Non-current maturities | 250,000 | 250,000 | |
Unsecured obligations | Single series bond Two | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single series bond Two | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | $ 0 | $ 0 | |
Unsecured obligations | Single series bond Three | |||
Financial instruments [Line Items] | |||
Effective rate | 3.42% | ||
Nominal rate | 3.63% | ||
Principal | $ 300,000 | ||
Non-current maturities | 300,000 | ||
Borrowing costs | (168) | ||
Total | 299,832 | ||
Unsecured obligations | Single series bond Three | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 300,000 | ||
Non-current maturities | 300,000 | ||
Unsecured obligations | Single series bond Three | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | ||
Non-current maturities | 0 | ||
Unsecured obligations | Single series bond Three | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | ||
Non-current maturities | 0 | ||
Unsecured obligations | Single series bond Three | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | ||
Non-current maturities | 0 | ||
Unsecured obligations | Single series bond Three | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 0 | ||
Non-current maturities | $ 0 | ||
Unsecured obligations | Single series bond Five | |||
Financial instruments [Line Items] | |||
Effective rate | 4.10% | 4.10% | |
Nominal rate | 4.25% | 4.25% | |
Principal | $ 450,000 | $ 450,000 | |
Non-current maturities | 450,000 | 450,000 | |
Borrowing costs | (3,666) | (4,343) | |
Total | 446,334 | 445,657 | |
Unsecured obligations | Single series bond Five | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single series bond Five | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single series bond Five | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single series bond Five | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single series bond Five | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 450,000 | 450,000 | |
Non-current maturities | $ 450,000 | $ 450,000 | |
Unsecured obligations | Series H bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 4.76% | 4.76% | |
Nominal rate | 4.90% | 4.90% | |
Principal | $ 96,967 | $ 100,064 | |
Non-current maturities | 96,967 | 100,064 | |
Borrowing costs | (1,034) | (1,206) | |
Total | 95,933 | 98,858 | |
Unsecured obligations | Series H bonds | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series H bonds | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series H bonds | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series H bonds | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series H bonds | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 96,967 | 100,064 | |
Non-current maturities | $ 96,967 | $ 100,064 | |
Unsecured obligations | Series O bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 3.69% | 3.69% | |
Nominal rate | 3.80% | 3.80% | |
Principal | $ 61,536 | $ 55,035 | |
Non-current maturities | 61,536 | 55,035 | |
Borrowing costs | (741) | (822) | |
Total | 60,795 | 54,213 | |
Unsecured obligations | Series O bonds | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series O bonds | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series O bonds | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series O bonds | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series O bonds | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 61,536 | 55,035 | |
Non-current maturities | $ 61,536 | $ 55,035 | |
Unsecured obligations | Series P bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 3.24% | 3.24% | |
Nominal rate | 3.25% | 3.25% | |
Principal | $ 123,072 | $ 110,070 | |
Non-current maturities | 123,072 | 110,070 | |
Borrowing costs | (52) | (65) | |
Total | 123,020 | 110,005 | |
Unsecured obligations | Series P bonds | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series P bonds | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series P bonds | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series P bonds | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series P bonds | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 123,072 | 110,070 | |
Non-current maturities | $ 123,072 | $ 110,070 | |
Unsecured obligations | Series Q bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 3.43% | 3.43% | |
Nominal rate | 3.45% | 3.45% | |
Principal | $ 123,073 | $ 110,070 | |
Non-current maturities | 123,073 | 110,070 | |
Borrowing costs | (309) | (330) | |
Total | 122,764 | 109,740 | |
Unsecured obligations | Series Q bonds | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series Q bonds | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series Q bonds | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series Q bonds | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Series Q bonds | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 123,073 | 110,070 | |
Non-current maturities | $ 123,073 | $ 110,070 | |
Unsecured obligations | Single Series Bond Six | |||
Financial instruments [Line Items] | |||
Effective rate | 4.19% | 4.19% | |
Nominal rate | 4.25% | 4.25% | |
Principal | $ 400,000 | $ 400,000 | |
Non-current maturities | 400,000 | 400,000 | |
Borrowing costs | (6,112) | (6,347) | |
Total | 393,888 | 393,653 | |
Unsecured obligations | Single Series Bond Six | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Bond Six | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Bond Six | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Bond Six | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Bond Six | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 400,000 | 400,000 | |
Non-current maturities | $ 400,000 | $ 400,000 | |
Unsecured obligations | Single Series Seventh Issue Bonds | |||
Financial instruments [Line Items] | |||
Effective rate | 3.42% | 3.43% | |
Nominal rate | 3.50% | 3.50% | |
Principal | $ 700,000 | $ 700,000 | |
Non-current maturities | 700,000 | 700,000 | |
Borrowing costs | (15,341) | (15,836) | |
Total | 684,659 | 684,164 | |
Unsecured obligations | Single Series Seventh Issue Bonds | Over 1 year to 2 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Seventh Issue Bonds | Over 2 year to 3 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Seventh Issue Bonds | Over 3 year to 4 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Seventh Issue Bonds | Over 4 year to 5 years | |||
Financial instruments [Line Items] | |||
Principal | 0 | 0 | |
Non-current maturities | 0 | 0 | |
Unsecured obligations | Single Series Seventh Issue Bonds | Over 5 Years | |||
Financial instruments [Line Items] | |||
Principal | 700,000 | 700,000 | |
Non-current maturities | $ 700,000 | $ 700,000 |
Financial instruments - Payment
Financial instruments - Payments Made on Series H Bonds (Details) - Series H bonds - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Principal payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 5,241 | $ 6,661 | $ 6,601 |
CCS Coverage | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 2,126 | $ 1,598 | $ 2,575 |
Financial instruments - Payme_2
Financial instruments - Payments Made on Single Series Bonds, Second Issue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2020 | |
Single series bond Two | Interest payment | ||
Financial instruments [Line Items] | ||
Repayments of bonds, notes and debentures | $ 0 | $ 6,875 |
Financial instruments - Payme_3
Financial instruments - Payments Made on Series O Bonds (Details) - Series O bonds - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 2,139 | $ 2,225 | $ 2,070 |
CCS Coverage | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 556 | $ 438 | $ 599 |
Financial instruments - Payme_4
Financial instruments - Payments Made on Single Series Bonds, Third Issue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Single series bond Three | Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 10,875 | $ 10,875 | $ 10,875 |
Financial instruments - Payme_5
Financial instruments - Payments Made on Single Series Bonds, Fourth Issue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Single series bond Four | Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 10,938 | $ 10,938 | $ 10,938 |
Financial instruments - Payme_6
Financial instruments - Payments Made on Series P Bonds (Details) - Series P bonds - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 3,385 | $ 3,835 | $ 3,534 |
CCS Coverage | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 3,569 | $ 3,119 | $ 3,439 |
Financial instruments - Payme_7
Financial instruments - Payments Made on Various Bonds (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Series Q bonds | Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 4,032 | $ 3,990 | $ 3,769 |
Series Q bonds | CCS Coverage | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | 1,877 | 1,919 | 1,021 |
Single Series Fifth Issue Bonds | Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | 19,125 | 19,125 | 19,125 |
Single Series Sixth Issue Bonds | Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | 17,000 | $ 17,000 | $ 8,500 |
Single Series Seventh Issue Bonds | Interest payment | |||
Financial instruments [Line Items] | |||
Repayments of bonds, notes and debentures | $ 23,819 |
Financial instruments - Trade_3
Financial instruments - Trade and Other Payables Details (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments | ||
Accounts payable, current | $ 373,351 | $ 279,092 |
Other accounts payable, current | 1,438 | 558 |
Prepayments from customers, current | 0 | 0 |
Total, current | 374,789 | 279,650 |
Accounts payable, noncurrent | 0 | 0 |
Other accounts payable, noncurrent | 0 | 0 |
Prepayments from customers, noncurrent | 0 | 3,813 |
Total, noncurrent | 0 | 3,813 |
Accounts payable | 373,351 | 279,092 |
Other accounts payable | 1,438 | 558 |
Prepayments from customers | 3,813 | |
Total | $ 374,789 | $ 283,463 |
Financial instruments - Supplie
Financial instruments - Suppliers Current on Payments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Suppliers current on all payments | $ 368,342 | $ 267,764 |
Up to 30 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 364,932 | 260,083 |
31 - 60 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 2,056 | 2,134 |
61 - 90 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 950 | 1,534 |
91 - 120 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 339 | 2 |
121 - 365 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 65 | 198 |
366 and more days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 3,813 |
Goods | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 241,110 | 155,202 |
Goods | Up to 30 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 239,108 | 148,045 |
Goods | 31 - 60 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 786 | 1,799 |
Goods | 61 - 90 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 877 | 1,425 |
Goods | 91 - 120 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 339 | 0 |
Goods | 121 - 365 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 120 |
Goods | 366 and more days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 3,813 |
Services | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 92,907 | 80,613 |
Services | Up to 30 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 91,499 | 80,089 |
Services | 31 - 60 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 1,270 | 335 |
Services | 61 - 90 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 73 | 109 |
Services | 91 - 120 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 2 |
Services | 121 - 365 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 65 | 78 |
Services | 366 and more days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 0 |
Others | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 34,325 | 31,949 |
Others | Up to 30 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 34,325 | 31,949 |
Others | 31 - 60 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 0 |
Others | 61 - 90 Days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 0 |
Others | 91 - 120 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 0 |
Others | 121 - 365 days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | 0 | 0 |
Others | 366 and more days | ||
Financial instruments [Line Items] | ||
Suppliers current on all payments | $ 0 | $ 0 |
Financial instruments - Suppl_2
Financial instruments - Suppliers Past Due on Payments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Suppliers past due on payments | $ 5,009 | $ 15,141 |
Goods | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 2,880 | 7,761 |
Services | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 1,939 | 4,911 |
Others | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 190 | 2,469 |
Up to 30 Days | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 2,978 | 14,083 |
Up to 30 Days | Goods | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 1,294 | 7,688 |
Up to 30 Days | Services | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 1,548 | 4,055 |
Up to 30 Days | Others | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 136 | 2,340 |
31 - 60 days | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 336 | 154 |
31 - 60 days | Goods | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 135 | 30 |
31 - 60 days | Services | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 174 | 108 |
31 - 60 days | Others | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 27 | 16 |
61 - 90 Days | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 84 | 611 |
61 - 90 Days | Goods | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 64 | 5 |
61 - 90 Days | Services | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 20 | 533 |
61 - 90 Days | Others | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 73 | |
91 - 120 days | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 25 | 70 |
91 - 120 days | Goods | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 24 | 1 |
91 - 120 days | Services | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 1 | 34 |
91 - 120 days | Others | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 35 | |
121 - 365 days | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 1,586 | 223 |
121 - 365 days | Goods | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 1,363 | 37 |
121 - 365 days | Services | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 196 | 181 |
121 - 365 days | Others | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 27 | 5 |
366 and more days | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 0 | 0 |
366 and more days | Goods | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 0 | 0 |
366 and more days | Services | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | 0 | 0 |
366 and more days | Others | ||
Financial instruments [Line Items] | ||
Suppliers past due on payments | $ 0 | $ 0 |
Financial instruments - Descr_2
Financial instruments - Description of Financial Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Current financial assets at amortized cost | $ 4,774,445 | $ 3,160,446 |
Current, financial assets at fair value through profit or loss | 11,188 | 13,879 |
Non-current financial assets at amortized cost | 2,114 | 6,263 |
Non-current, financial assets at fair value through profit or loss | 9,497 | 9,177 |
Financial assets at amortized cost | 4,776,559 | 3,166,709 |
Total, financial assets at fair value through profit or loss | 20,685 | 23,056 |
Cash and cash equivalent | ||
Financial instruments [Line Items] | ||
Current financial assets at amortized cost | 2,655,236 | 1,515,051 |
Non-current financial assets at amortized cost | 0 | 0 |
Financial assets at amortized cost | 2,655,236 | 1,515,051 |
Trade receivables due from related parties at amortized cost | ||
Financial instruments [Line Items] | ||
Current financial assets at amortized cost | 81,622 | 86,152 |
Non-current financial assets at amortized cost | 0 | 0 |
Financial assets at amortized cost | 81,622 | 86,152 |
Financial assets measured at amortized cost | ||
Financial instruments [Line Items] | ||
Current financial assets at amortized cost | 950,167 | 905,170 |
Non-current financial assets at amortized cost | 23 | 91 |
Financial assets at amortized cost | 950,190 | 905,261 |
Trade and other receivables | ||
Financial instruments [Line Items] | ||
Current financial assets at amortized cost | 1,087,420 | 654,073 |
Non-current financial assets at amortized cost | 2,091 | 6,172 |
Financial assets at amortized cost | 1,089,511 | 660,245 |
Financial instruments for hedging purposes | ||
Financial instruments [Line Items] | ||
Current, financial assets at fair value through profit or loss | 7,014 | 12,625 |
Non-current, financial assets at fair value through profit or loss | 0 | 245 |
Total, financial assets at fair value through profit or loss | 7,014 | 12,870 |
Financial instruments held for trading | ||
Financial instruments [Line Items] | ||
Current, financial assets at fair value through profit or loss | 4,174 | 1,254 |
Non-current, financial assets at fair value through profit or loss | 0 | 0 |
Total, financial assets at fair value through profit or loss | 4,174 | 1,254 |
Financial assets classified as available for sale at fair value through equity | ||
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 | 9,497 | 8,932 |
Total, financial assets at fair value through profit or loss | 9,497 | 8,932 |
Total financial assets | ||
Financial instruments [Line Items] | ||
Current, total financial assets | 4,785,633 | 3,174,325 |
Non-current, total financial assets | 11,611 | 15,440 |
Total, total financial assets | $ 4,797,244 | $ 3,189,765 |
Financial instruments - Descr_3
Financial instruments - Description of Financial Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Current financial liabilities at amortized cost | $ 861,367 | $ 328,033 |
Non-current financial liabilities at amortized cost | 2,424,031 | 2,565,164 |
Financial liabilities at amortized cost | 3,285,398 | 2,893,197 |
Total financial liabilities | 4,854,740 | 4,518,600 |
For hedging purposes through equity | ||
Financial instruments [Line Items] | ||
Current financial liabilities at fair value through profit or loss | 42,754 | 8,954 |
Non-current financial liabilities at fair value through profit or loss | 19,772 | 72,900 |
Financial liabilities at fair value through profit or loss | 62,526 | 81,854 |
Held for trading at fair value through profit or loss | ||
Financial instruments [Line Items] | ||
Current financial liabilities at fair value through profit or loss | 5,816 | 1,672 |
Non-current financial liabilities at fair value through profit or loss | 0 | 0 |
Financial liabilities at fair value through profit or loss | 5,816 | 1,672 |
Financial liabilities at fair value | ||
Financial instruments [Line Items] | ||
Current financial liabilities at fair value through profit or loss | 48,570 | 10,626 |
Non-current financial liabilities at fair value through profit or loss | 19,772 | 72,900 |
Financial liabilities at fair value through profit or loss | 68,342 | 83,526 |
Bank loans | ||
Financial instruments [Line Items] | ||
Current financial liabilities at amortized cost | 130,840 | 85 |
Non-current financial liabilities at amortized cost | 197,522 | 69,613 |
Financial liabilities at amortized cost | 328,362 | 69,698 |
Unsecured obligations | ||
Financial instruments [Line Items] | ||
Current financial liabilities at amortized cost | 343,589 | 40,594 |
Non-current financial liabilities at amortized cost | 2,176,924 | 2,445,219 |
Financial liabilities at amortized cost | 2,520,513 | 2,485,813 |
Lease Liability | ||
Financial instruments [Line Items] | ||
Current financial liabilities at amortized cost | 12,149 | 7,704 |
Non-current financial liabilities at amortized cost | 49,585 | 46,519 |
Financial liabilities at amortized cost | 61,734 | 54,223 |
Trade and other payables | ||
Financial instruments [Line Items] | ||
Current financial liabilities at amortized cost | 374,789 | 279,650 |
Non-current financial liabilities at amortized cost | 0 | 3,813 |
Financial liabilities at amortized cost | 374,789 | 283,463 |
Total financial liabilities | ||
Financial instruments [Line Items] | ||
Current, total financial liabilities | 909,937 | 338,659 |
Non-current, total financial liabilities | 2,443,803 | 2,638,064 |
Total financial liabilities | $ 3,353,740 | $ 2,976,723 |
Financial instruments - Fair Va
Financial instruments - Fair Value Measurement of Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Line Items] | ||
Total financial liabilities | $ 4,854,740 | $ 4,518,600 |
Level 1 of fair value hierarchy | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy | Forwards | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy | Options | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy | Hedging liabilities - Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Level 1 of fair value hierarchy | Swaps hedges, investments | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy | Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Level 1 of fair value hierarchy | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 1 of fair value hierarchy | Non-current hedging liabilities | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 2 of fair value hierarchy | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 130,840 | 85 |
Level 2 of fair value hierarchy | Forwards | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 4,848 | 1,270 |
Level 2 of fair value hierarchy | Options | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 968 | 402 |
Level 2 of fair value hierarchy | Hedging liabilities - Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 42,754 | |
Level 2 of fair value hierarchy | Swaps hedges, investments | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 2 of fair value hierarchy | Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 8,954 | |
Level 2 of fair value hierarchy | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 343,589 | 40,594 |
Level 2 of fair value hierarchy | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 196,598 | 70,497 |
Level 2 of fair value hierarchy | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 2,476,924 | 2,871,005 |
Level 2 of fair value hierarchy | Non-current hedging liabilities | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 19,772 | 72,900 |
Level 3 of fair value hierarchy | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy | Forwards | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy | Options | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy | Hedging liabilities - Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Level 3 of fair value hierarchy | Swaps hedges, investments | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy | Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Level 3 of fair value hierarchy | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Level 3 of fair value hierarchy | Non-current hedging liabilities | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair value Informative | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 130,840 | 85 |
Fair value Informative | Forwards | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair value Informative | Options | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair value Informative | Hedging liabilities - Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Fair value Informative | Swaps hedges, investments | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair value Informative | Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Fair value Informative | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 343,589 | 40,594 |
Fair value Informative | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 196,598 | 70,497 |
Fair value Informative | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 2,476,924 | 2,871,005 |
Fair value Informative | Non-current hedging liabilities | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair Value | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair Value | Forwards | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 4,848 | 1,270 |
Fair Value | Options | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 968 | 402 |
Fair Value | Hedging liabilities - Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 42,754 | |
Fair Value | Swaps hedges, investments | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair Value | Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 8,954 | |
Fair Value | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair Value | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair Value | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Fair Value | Non-current hedging liabilities | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 19,772 | 72,900 |
Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 3,386,270 | 3,009,510 |
Gross carrying amount | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 130,840 | 85 |
Gross carrying amount | Forwards | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Gross carrying amount | Options | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Gross carrying amount | Hedging liabilities - Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Gross carrying amount | Swaps hedges, investments | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Gross carrying amount | Swaps | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | |
Gross carrying amount | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 343,589 | 40,594 |
Gross carrying amount | Bank borrowings | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 197,522 | 69,613 |
Gross carrying amount | Unsecured obligations | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 2,176,924 | 2,445,219 |
Gross carrying amount | Non-current hedging liabilities | ||
Financial instruments [Line Items] | ||
Total financial liabilities | 0 | 0 |
Cash and cash equivalents | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 2,655,236 | 0 |
Cash and cash equivalents | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 1,515,051 |
Cash and cash equivalents | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Cash and cash equivalents | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 2,655,236 | 1,515,051 |
Cash and cash equivalents | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Cash and cash equivalents | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 2,655,236 | 1,515,051 |
Time deposits | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Time deposits | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 950,167 | 905,170 |
Time deposits | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Time deposits | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 950,167 | 905,170 |
Time deposits | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Time deposits | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 950,167 | 905,170 |
Derivative financial instruments | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Derivative financial instruments | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Derivative financial instruments | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Derivative financial instruments | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Derivative financial instruments | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Derivative financial instruments | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Forwards | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Forwards | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 3,704 | 1,031 |
Forwards | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Forwards | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Forwards | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 3,704 | 1,031 |
Forwards | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Options | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Options | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 470 | 223 |
Options | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Options | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Options | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 470 | 223 |
Options | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Hedging assets | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Total financial liabilities | 0 | |
Hedging assets | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 7,014 | 0 |
Total financial liabilities | 0 | |
Hedging assets | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Total financial liabilities | 0 | |
Hedging assets | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Total financial liabilities | 0 | |
Hedging assets | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 7,014 | 0 |
Total financial liabilities | 0 | |
Hedging assets | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Total financial liabilities | 0 | |
Hedging liabilities - Swaps | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 22,606 | |
Hedging liabilities - Swaps | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Hedging liabilities - Swaps | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Hedging liabilities - Swaps | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Hedging liabilities - Swaps | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 22,606 | |
Hedging liabilities - Swaps | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | |
Swaps | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Swaps | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 12,625 |
Swaps | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Swaps | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Swaps | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 12,625 |
Swaps | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Non-current accounts receivable | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Non-current accounts receivable | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Non-current accounts receivable | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Non-current accounts receivable | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 2,091 | 6,172 |
Non-current accounts receivable | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Non-current accounts receivable | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 2,091 | 6,172 |
Others | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Others | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 23 | 91 |
Others | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Others | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 23 | 91 |
Others | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Others | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | 23 | 91 |
Equity instruments | Level 1 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 9,497 | 9,177 |
Equity instruments | Level 2 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Equity instruments | Level 3 of fair value hierarchy | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Equity instruments | Fair value Informative | ||
Financial instruments [Line Items] | ||
Total financial assets | 0 | 0 |
Equity instruments | Fair Value | ||
Financial instruments [Line Items] | ||
Total financial assets | 9,497 | 9,177 |
Equity instruments | Gross carrying amount | ||
Financial instruments [Line Items] | ||
Total financial assets | $ 0 | $ 0 |
Financial instruments - Narrati
Financial instruments - Narrative (Details) | Sep. 10, 2021 USD ($) | Apr. 03, 2021 USD ($) | Jan. 22, 2020 USD ($) | May 07, 2019 USD ($) | Nov. 08, 2018 USD ($) | Oct. 31, 2018 CLF | Mar. 31, 2018 CLF | Oct. 23, 2014 USD ($) | Apr. 04, 2012 USD ($) | Apr. 21, 2010 USD ($) | Jan. 13, 2009 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CLF | Jan. 15, 2018 | Apr. 04, 2012 CLF | Jan. 13, 2009 CLF |
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 345,949,000 | $ 43,396,000 | |||||||||||||||
Outstanding purchase commitments | 191,319,000 | 166,209,000 | |||||||||||||||
Single series bond One | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 250,000,000 | ||||||||||||||||
Effective rate | 5.50% | ||||||||||||||||
Maturity date | 10 | ||||||||||||||||
Single series bond Three | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 302,658,000 | $ 2,658,000 | |||||||||||||||
Effective rate | 0.56% | 0.74% | 0.74% | ||||||||||||||
Single series bond Three | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 300,000,000 | $ 300,000,000 | |||||||||||||||
Effective rate | 3.625% | ||||||||||||||||
Maturity date | 10 | ||||||||||||||||
Single series bond Two | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 4,648,000 | $ 4,648,000 | |||||||||||||||
Effective rate | 1.17% | 1.56% | 1.56% | ||||||||||||||
Single series bond Two | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 250,000,000 | ||||||||||||||||
Series H bonds | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 17,566,000 | $ 16,026,000 | |||||||||||||||
Effective rate | 1.23% | 1.75% | 1.75% | ||||||||||||||
Series H bonds | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 139,216,000 | $ 13,117,000 | $ 14,870,000 | CLF 363,636.36 | CLF 4,000,000 | ||||||||||||
Effective rate | 4.90% | 4.90% | |||||||||||||||
Maturity date | 21 | ||||||||||||||||
Series Q bonds | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 351,000 | $ 314,000 | |||||||||||||||
Effective rate | 3.45% | 2.63% | 2.72% | 2.72% | |||||||||||||
Proceeds from disposal or maturity of available-for-sale financial assets | $ 83,567,623,842 | ||||||||||||||||
Bond authorized to issue | CLF | CLF 3,000,000 | ||||||||||||||||
Series P bonds | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 1,830,000 | $ 1,636,000 | |||||||||||||||
Effective rate | 1.72% | 2.04% | 2.04% | ||||||||||||||
Series P bonds | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | CLF | CLF 3,000,000 | ||||||||||||||||
Effective rate | 3.25% | ||||||||||||||||
Maturity date | P10Y | ||||||||||||||||
Single Series Bond Six | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 7,508,000 | $ 7,508,000 | |||||||||||||||
Effective rate | 3.79% | 4% | 4% | ||||||||||||||
Single Series Bond Six | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 400,000,000 | ||||||||||||||||
Effective rate | 4.25% | ||||||||||||||||
Maturity date | 2050 | ||||||||||||||||
Single series bond Five | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 2,869,000 | $ 2,869,000 | |||||||||||||||
Effective rate | 3.01% | 3.23% | 3.23% | ||||||||||||||
Single series bond Five | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 450,000,000 | ||||||||||||||||
Effective rate | 4.25% | ||||||||||||||||
Maturity date | 2029 | ||||||||||||||||
Series O bonds | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 965,000 | $ 863,000 | |||||||||||||||
Effective rate | 1.89% | 2.06% | 2.06% | ||||||||||||||
Series O bonds | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 69,901,000 | CLF 1,500,000 | |||||||||||||||
Effective rate | 3.80% | 3.80% | |||||||||||||||
Maturity date | 21 | ||||||||||||||||
Single series bond Four | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 250,000,000 | ||||||||||||||||
Effective rate | 4.375% | ||||||||||||||||
Maturity date | 2025 | ||||||||||||||||
Single Series Seventh Issue Bonds | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 7,554,000 | $ 6,874,000 | |||||||||||||||
Effective rate | 3.44% | 3.62% | 3.62% | ||||||||||||||
Single Series Seventh Issue Bonds | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 700,000,000 | ||||||||||||||||
Effective rate | 3.50% | ||||||||||||||||
Maturity date | 2051 | ||||||||||||||||
Cross currency swap contracts | Series H bonds | Unsecured obligations | |||||||||||||||||
Financial instruments [Line Items] | |||||||||||||||||
Notional amounts | $ 993,000 | $ 760,000 |
Financial instruments - Net Deb
Financial instruments - Net Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financial instruments | ||||
Cash and cash equivalents | $ 2,655,236 | $ 1,515,051 | $ 509,102 | $ 588,530 |
Other current financial assets | 961,355 | 919,049 | ||
Other non-current financial hedge assets | 22,606 | 245 | ||
Other current financial liabilities | (522,999) | (51,305) | ||
Lease liabilities, current | (12,149) | (7,704) | ||
Other non-current financial liabilities | (2,394,218) | (2,587,732) | ||
Non-current lease liabilities | (49,585) | (46,519) | ||
Total | $ 660,246 | $ (258,915) | $ (1,105,095) |
Financial instruments - Recon_2
Financial instruments - Reconciliation of Net Debt (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | $ (258,915,000) | $ (1,105,095,000) |
Amounts from loans | (235,412,000) | (677,930,000) |
Amounts from interests | 58,884,000 | 81,656,000 |
Other cash income/expenses | 1,140,096,000 | 1,630,815,000 |
Interests | 15,763,000 | (136,825,000) |
Exchange rate differences | (84,710,000) | 1,226,000 |
Fair value | 24,540,000 | (52,762,000) |
Net debt, ending | 660,246,000 | (258,915,000) |
Obligations with the public and bank loans | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | (2,555,511,000) | (1,922,864,000) |
Amounts from loans | (246,883,000) | (685,130,000) |
Amounts from interests | 98,155,000 | 75,578,000 |
Other cash income/expenses | 2,566,000 | 16,570,000 |
Interests | (103,100,000) | (84,138,000) |
Exchange rate differences | (44,102,000) | 44,473,000 |
Net debt, ending | (2,848,875,000) | (2,555,511,000) |
Current and non-current lease liabilities | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | (54,223,000) | (31,074,000) |
Amounts from loans | 10,478,000 | 7,960,000 |
Amounts from interests | 1,226,000 | 1,587,000 |
Other cash income/expenses | 0 | 0 |
Interests | (20,426,000) | (32,877,000) |
Exchange rate differences | 1,211,000 | 181,000 |
Net debt, ending | (61,734,000) | (54,223,000) |
Financial instruments derived from hedging | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | (81,597,000) | 18,070,000 |
Amounts from loans | 993,000 | (760,000) |
Amounts from interests | 7,623,000 | 7,238 |
Other cash income/expenses | 0 | 0 |
Interests | 37,494,000 | (52,254,000) |
Exchange rate differences | 0 | 0 |
Fair value | 25,426,000 | (53,891,000) |
Net debt, ending | (10,061,000) | (81,597,000) |
Non-hedging derivative financial instruments (net) | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | (418,000) | |
Amounts from loans | 0 | |
Amounts from interests | 0 | |
Other cash income/expenses | (39,878,000) | |
Interests | 38,653,000 | |
Exchange rate differences | 0 | |
Net debt, ending | (1,643,000) | (418,000) |
Hedging and Investment Derivatives | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | 12,613,000 | |
Amounts from loans | 0 | |
Amounts from interests | 0 | |
Other cash income/expenses | (52,698,000) | |
Interests | 16,104,000 | |
Exchange rate differences | 0 | |
Fair value | (6,003,000) | |
Net debt, ending | (29,984,000) | 12,613,000 |
Current and non current financial liabilities | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | (2,691,749,000) | (1,938,652,000) |
Amounts from loans | (677,930,000) | |
Amounts from interests | 84,403,000 | |
Other cash income/expenses | 14,243,000 | |
Interests | (164,576,000) | |
Exchange rate differences | 44,654,000 | |
Fair value | (53,891,000) | |
Net debt, ending | (2,691,749,000) | |
Current and non-current financial liabilities | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | (2,679,136,000) | |
Amounts from loans | (235,412,000) | |
Amounts from interests | 107,004,000 | |
Other cash income/expenses | (90,010,000) | |
Interests | (31,275,000) | |
Exchange rate differences | (42,891,000) | |
Fair value | 19,423,000 | |
Net debt, ending | (2,952,297,000) | (2,679,136,000) |
Cash and cash equivalents | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | 1,515,051,000 | 509,102,000 |
Amounts from loans | 0 | 0 |
Amounts from interests | 0 | 0 |
Other cash income/expenses | 1,165,225,000 | 1,022,061,000 |
Interests | 0 | 0 |
Exchange rate differences | (25,040,000) | (16,112,000) |
Net debt, ending | 2,655,236,000 | 1,515,051,000 |
Deposits that do not qualify as cash and cash equivalents | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | 905,170,000 | 345,459,000 |
Amounts from loans | 0 | 0 |
Amounts from interests | (48,120,000) | (2,747,000) |
Other cash income/expenses | 62,859,000 | 585,106,000 |
Interests | 47,038,000 | 4,668,000 |
Exchange rate differences | (16,779,000) | (27,316,000) |
Net debt, ending | 950,168,000 | 905,170,000 |
Derivatives for Investment Hedges SQM Australia | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Amounts from loans | 0 | |
Amounts from interests | 0 | |
Other cash income/expenses | 2,022,000 | |
Interests | 0 | |
Exchange rate differences | 0 | |
Fair value | 5,117,000 | |
Net debt, ending | 7,139,000 | |
Derivatives from hedge assets | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | 12,613,000 | (21,004,000) |
Amounts from loans | 0 | |
Amounts from interests | 0 | |
Other cash income/expenses | 9,405,000 | |
Interests | 23,083,000 | |
Exchange rate differences | 0 | |
Fair value | 1,129,000 | |
Net debt, ending | 12,613,000 | |
Derivatives from other financial non-hedge assets | ||
Disclosure Of Detailed Information About Changes In Net Debt [Line Items] | ||
Net debt, beginning | $ (418,000) | (2,784,000) |
Amounts from loans | 0 | |
Amounts from interests | 0 | |
Other cash income/expenses | (2,327) | |
Interests | 4,693,000 | |
Exchange rate differences | 0 | |
Net debt, ending | $ (418,000) |
Right-of-use assets and Lease_3
Right-of-use assets and Lease liabilities - Reconciliation of Changes in ROU Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Opening Balance | $ 52,608 | $ 30,024 |
Additions | 19,196 | 31,826 |
Depreciation of right-of-use assets | (9,206) | (8,706) |
Transfer to property, plant and equipment | (1,736) | |
Other increases / decreases | 5 | (536) |
Total changes | 8,259 | 22,584 |
Closing balance | 60,867 | 52,608 |
Land | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Opening Balance | 17,353 | 0 |
Additions | 1,599 | 17,552 |
Depreciation of right-of-use assets | (12) | (199) |
Transfer to property, plant and equipment | (622) | |
Other increases / decreases | 2 | 0 |
Total changes | 967 | 17,353 |
Closing balance | 18,320 | 17,353 |
Buildings | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Opening Balance | 20,951 | 23,377 |
Additions | 736 | 1,209 |
Depreciation of right-of-use assets | (3,846) | (3,635) |
Transfer to property, plant and equipment | 0 | |
Other increases / decreases | (2) | |
Total changes | (3,112) | (2,426) |
Closing balance | 17,839 | 20,951 |
Other property, plant and equipment | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Opening Balance | 0 | 0 |
Additions | 0 | 0 |
Depreciation of right-of-use assets | 0 | 0 |
Transfer to property, plant and equipment | 0 | |
Other increases / decreases | 0 | 0 |
Total changes | 0 | 0 |
Closing balance | 0 | 0 |
Transport equipment | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Opening Balance | 2,578 | 2,479 |
Additions | 186 | 862 |
Depreciation of right-of-use assets | (965) | (763) |
Transfer to property, plant and equipment | 0 | |
Other increases / decreases | 6 | 0 |
Total changes | (773) | 99 |
Closing balance | 1,805 | 2,578 |
Machinery, plant and equipment | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Opening Balance | 11,726 | 4,168 |
Additions | 16,675 | 12,203 |
Depreciation of right-of-use assets | (4,383) | (4,109) |
Transfer to property, plant and equipment | (1,114) | |
Other increases / decreases | (1) | (536) |
Total changes | 11,177 | 7,558 |
Closing balance | $ 22,903 | $ 11,726 |
Right-of-use assets and Lease_4
Right-of-use assets and Lease liabilities - Current and Non-Current Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Right-of-use assets and Lease liabilities | ||
Current lease liabilities | $ 12,149 | $ 7,704 |
Non-current lease liabilities | $ 49,585 | $ 46,519 |
Right-of-use assets and Lease_5
Right-of-use assets and Lease liabilities - Details of Current and Non-Current Lease Liabilities (Details) | Dec. 31, 2022 |
SQM Salar S.A. | Empresa Constructora Contex Ltda | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 5.39% |
SQM Salar S.A. | Maquinaria Astudillo y Hermanos Ltda. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.89% |
SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.61% |
SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 0% |
SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2% |
SQM Salar S.A. | Inversiones y Gestin New Energy SpA | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 0% |
SQM Salar S.A. | Tatersall Maquinarias S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.90% |
SQM Salar S.A. | Maquinaria Astudillo y Hermanos Ltda. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.26% |
SQM Salar S.A. | Jungheinrich Rentalif SPA | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.90% |
SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.72% |
SQM Industrial S.A. | El Trovador S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.10% |
SQM Industrial S.A. | Jungheinrich Rentalif SPA | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.49% |
SQM Industrial S.A. | Tecno Fast S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 1.44% |
SQM S.A. | Jungheinrich Rentalif SPA | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.49% |
Soquimich Comercial S.A. | Containers Operators S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 0.81% |
Soquimich Comercial S.A. | SAAM Logistics S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 0.81% |
Soquimich Comercial S.A. | Muelles de Penco S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 4.11% |
Soquimich Comercial S.A. | Muelles de Penco S.A. one | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 1.30% |
Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.38% |
Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.97% |
Orcoma Estudios SPA | Obispado de Iquique | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 6.16% |
Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.53% |
Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 7.44% |
SQM North America Corp. | Paces West LL. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.36% |
SQM North America Corp. | Hawkins Nunmber One, LLC | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.33% |
SQM North America Corp. | Deep South Equipment Company | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 1.33% |
SQM North America Corp. | Tennant-South | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 1% |
SQM North America Corp. | Deacon Jones CDJR | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.81% |
SQM North America Corp. | Mt Mullahey Inc. Mullahey Chrysler Dodge | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.81% |
SQM North America Corp. | Berwyn Partners Inc. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 1.34% |
SQM North America Corp. | Myers Ford Co Inc. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 1.51% |
SQM North America Corp. | Ford Motor Credit Company | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 4.19% |
SQM North America Corp. | Porter and Howard INC. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 5.64% |
SQM North America Corp. | Hanford Chrysler Dodge Jeep | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 4.44% |
SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.45% |
SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 7.84% |
SQM Europe NV | Straatsburgdok N.V. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 1.30% |
SQM Australia PTY | The trust Company (Australia) Pty Ltd | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.60% |
SQM Australia PTY | Eagle Petroleum (WA) Pty Ltd | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 5% |
SQM Australia PTY | Ausco Modular Pty Limited | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 5% |
SQM Australia PTY | Western Australian Land Authority | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.55% |
SQM Australia PTY | Mining Thiess Pty Ltd. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.55% |
SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.01% |
SQM Colombia S.A.S. | Renting Colombia S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.72% |
SQM Colombia S.A.S. | Renting Colombia S.A. | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 2.17% |
SQM Africa Pty | Goscor Finance (Pty) Ltd | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 8.51% |
SQM Nitratos S.A. | Jungheinrich Rentalif SPA | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Effective rate | 3.49% |
Right-of-use assets and Lease_6
Right-of-use assets and Lease liabilities - Details of Current Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | $ 12,149 | $ 7,704 | |
Nominal amounts | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 13,939 | 8,881 | |
Nominal amounts | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3,565 | 2,367 | |
Nominal amounts | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 10,374 | 6,514 | |
Nominal amounts | SQM Salar S.A. | Empresa Constructora Contex Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2,159 | 2,158 | |
Nominal amounts | SQM Salar S.A. | Empresa Constructora Contex Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 540 | 540 | |
Nominal amounts | SQM Salar S.A. | Empresa Constructora Contex Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,619 | 1,618 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 400 | 193 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 100 | 48 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 300 | 145 | |
Nominal amounts | SQM Salar S.A. | SKM Industrial Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 337 | ||
Nominal amounts | SQM Salar S.A. | SKM Industrial Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 202 | ||
Nominal amounts | SQM Salar S.A. | SKM Industrial Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 135 | ||
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 193 | 400 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 48 | 100 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 145 | 300 | |
Nominal amounts | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 98 | 195 | |
Nominal amounts | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 49 | 49 | |
Nominal amounts | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 49 | 146 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 31 | 31 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | 8 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 23 | 23 | |
Nominal amounts | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 433 | ||
Nominal amounts | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 108 | ||
Nominal amounts | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 325 | ||
Nominal amounts | SQM Salar S.A. | Tatersall Maquinarias S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 219 | ||
Nominal amounts | SQM Salar S.A. | Tatersall Maquinarias S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 55 | ||
Nominal amounts | SQM Salar S.A. | Tatersall Maquinarias S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 164 | ||
Nominal amounts | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,176 | ||
Nominal amounts | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 294 | ||
Nominal amounts | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 882 | ||
Nominal amounts | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 79 | ||
Nominal amounts | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 20 | ||
Nominal amounts | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 59 | ||
Nominal amounts | SQM Salar S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 520 | ||
Nominal amounts | SQM Salar S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 130 | ||
Nominal amounts | SQM Salar S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 390 | ||
Nominal amounts | SQM Industrial S.A. | El Trovador S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,865 | 1,865 | |
Nominal amounts | SQM Industrial S.A. | El Trovador S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 466 | 466 | |
Nominal amounts | SQM Industrial S.A. | El Trovador S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,399 | 1,399 | |
Nominal amounts | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 720 | 721 | |
Nominal amounts | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 180 | 180 | |
Nominal amounts | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 540 | 541 | |
Nominal amounts | SQM Industrial S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 118 | 118 | |
Nominal amounts | SQM Industrial S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 30 | 30 | |
Nominal amounts | SQM Industrial S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 88 | 88 | |
Nominal amounts | SQM Industrial S.A. | Technofast | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 74 | ||
Nominal amounts | SQM Industrial S.A. | Technofast | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 18 | ||
Nominal amounts | SQM Industrial S.A. | Technofast | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 56 | ||
Nominal amounts | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 73 | 73 | |
Nominal amounts | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 18 | 18 | |
Nominal amounts | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 55 | 55 | |
Nominal amounts | SQM S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 79 | 79 | |
Nominal amounts | SQM S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 20 | 20 | |
Nominal amounts | SQM S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 59 | 59 | |
Nominal amounts | Orcoma Estudios SPA | Obispado de Iquique | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | 5 | |
Nominal amounts | Orcoma Estudios SPA | Obispado de Iquique | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Nominal amounts | Orcoma Estudios SPA | Obispado de Iquique | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 4 | |
Nominal amounts | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | 6 | |
Nominal amounts | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Nominal amounts | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 5 | |
Nominal amounts | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 4 | |
Nominal amounts | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Nominal amounts | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3 | 3 | |
Nominal amounts | Soquimich Comercial S.A. | Containers Operators S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 343 | ||
Nominal amounts | Soquimich Comercial S.A. | Containers Operators S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 86 | ||
Nominal amounts | Soquimich Comercial S.A. | Containers Operators S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 257 | ||
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 266 | 165 | |
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 84 | 41 | |
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 182 | 124 | |
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. one | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 102 | 178 | |
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. one | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 43 | 44 | |
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. one | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 59 | 134 | |
Nominal amounts | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 628 | 628 | |
Nominal amounts | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 157 | 157 | |
Nominal amounts | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 471 | 471 | |
Nominal amounts | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 232 | 232 | |
Nominal amounts | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 58 | 58 | |
Nominal amounts | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 174 | 174 | |
Nominal amounts | SQM North America Corp. | Paces West LL. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 229 | 223 | |
Nominal amounts | SQM North America Corp. | Paces West LL. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 56 | 55 | |
Nominal amounts | SQM North America Corp. | Paces West LL. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 173 | 168 | |
Nominal amounts | SQM North America Corp. | Deep South Equipment Company | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | 5 | |
Nominal amounts | SQM North America Corp. | Deep South Equipment Company | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Nominal amounts | SQM North America Corp. | Deep South Equipment Company | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 4 | |
Nominal amounts | SQM North America Corp. | Hawkins Nunmber One, LLC | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 134 | 130 | |
Nominal amounts | SQM North America Corp. | Hawkins Nunmber One, LLC | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 34 | 32 | |
Nominal amounts | SQM North America Corp. | Hawkins Nunmber One, LLC | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 100 | 98 | |
Nominal amounts | SQM North America Corp. | Tennant-South | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 6 | |
Nominal amounts | SQM North America Corp. | Tennant-South | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 2 | |
Nominal amounts | SQM North America Corp. | Tennant-South | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 4 | |
Nominal amounts | SQM North America Corp. | Deacon Jones CDJR | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | ||
Nominal amounts | SQM North America Corp. | Deacon Jones CDJR | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Nominal amounts | SQM North America Corp. | Deacon Jones CDJR | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | ||
Nominal amounts | SQM North America Corp. | Berwyn Partners Inc. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | ||
Nominal amounts | SQM North America Corp. | Berwyn Partners Inc. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Nominal amounts | SQM North America Corp. | Berwyn Partners Inc. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | ||
Nominal amounts | SQM North America Corp. | Myers Ford Co Inc. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | ||
Nominal amounts | SQM North America Corp. | Myers Ford Co Inc. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Nominal amounts | SQM North America Corp. | Myers Ford Co Inc. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | ||
Nominal amounts | SQM North America Corp. | Ford Motor Credit Company | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | ||
Nominal amounts | SQM North America Corp. | Ford Motor Credit Company | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Nominal amounts | SQM North America Corp. | Ford Motor Credit Company | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | ||
Nominal amounts | SQM North America Corp. | Porter and Howard INC. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | ||
Nominal amounts | SQM North America Corp. | Porter and Howard INC. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | ||
Nominal amounts | SQM North America Corp. | Porter and Howard INC. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | ||
Nominal amounts | SQM North America Corp. | Hanford Chrysler Dodge Jeep | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | ||
Nominal amounts | SQM North America Corp. | Hanford Chrysler Dodge Jeep | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | ||
Nominal amounts | SQM North America Corp. | Hanford Chrysler Dodge Jeep | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3 | ||
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 395 | 395 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 99 | 99 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 296 | 296 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 66 | 78 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 20 | 20 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 46 | 58 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 23 | 28 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | 7 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 16 | 21 | |
Nominal amounts | SQM Europe NV | Straatsburgdok N.V. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 408 | 408 | |
Nominal amounts | SQM Europe NV | Straatsburgdok N.V. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 102 | 102 | |
Nominal amounts | SQM Europe NV | Straatsburgdok N.V. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 306 | 306 | |
Nominal amounts | SQM Australia PTY | Ausco Modular Pty Limited | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 15 | 34 | |
Nominal amounts | SQM Australia PTY | Ausco Modular Pty Limited | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 15 | 9 | |
Nominal amounts | SQM Australia PTY | Ausco Modular Pty Limited | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 0 | 25 | |
Nominal amounts | SQM Australia PTY | Western Australian Land Authority | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 492 | 279 | |
Nominal amounts | SQM Australia PTY | Western Australian Land Authority | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 105 | 52 | |
Nominal amounts | SQM Australia PTY | Western Australian Land Authority | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 387 | 227 | |
Nominal amounts | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 99 | ||
Nominal amounts | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 25 | ||
Nominal amounts | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 74 | ||
Nominal amounts | SQM Australia PTY | Mining Thiess Pty Ltd. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2,468 | ||
Nominal amounts | SQM Australia PTY | Mining Thiess Pty Ltd. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 640 | ||
Nominal amounts | SQM Australia PTY | Mining Thiess Pty Ltd. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,828 | ||
Nominal amounts | SQM Australia PTY | Project JV | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 88 | ||
Nominal amounts | SQM Australia PTY | Project JV | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 22 | ||
Nominal amounts | SQM Australia PTY | Project JV | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 66 | ||
Nominal amounts | SQM Australia PTY | Eagle Petroleum (WA) Pty Ltd | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 11 | ||
Nominal amounts | SQM Australia PTY | Eagle Petroleum (WA) Pty Ltd | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | ||
Nominal amounts | SQM Australia PTY | Eagle Petroleum (WA) Pty Ltd | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | ||
Nominal amounts | SQM Australia PTY | Knight Frank | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 12 | ||
Nominal amounts | SQM Australia PTY | Knight Frank | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 12 | ||
Nominal amounts | SQM Australia PTY | Knight Frank | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 0 | ||
Nominal amounts | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | 6 | |
Nominal amounts | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 2 | |
Nominal amounts | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 4 | |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | 9 | |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 2 | |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | 7 | |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 9 | 10 | |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 3 | |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | 7 | |
Nominal amounts | SQM Africa Pty | Goscor Finance (Pty) Ltd | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 48 | ||
Nominal amounts | SQM Africa Pty | Goscor Finance (Pty) Ltd | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 12 | ||
Nominal amounts | SQM Africa Pty | Goscor Finance (Pty) Ltd | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 36 | ||
Amounts at amortized cost | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 12,149 | 7,704 | |
Amounts at amortized cost | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3,108 | 2,009 | |
Amounts at amortized cost | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 9,041 | 5,695 | |
Amounts at amortized cost | SQM Salar S.A. | Empresa Constructora Contex Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,965 | 1,864 | |
Amounts at amortized cost | SQM Salar S.A. | Empresa Constructora Contex Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 482 | 457 | |
Amounts at amortized cost | SQM Salar S.A. | Empresa Constructora Contex Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,483 | $ 1,407 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 372 | 175 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 92 | 43 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 280 | 132 | |
Amounts at amortized cost | SQM Salar S.A. | SKM Industrial Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 330 | ||
Amounts at amortized cost | SQM Salar S.A. | SKM Industrial Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 197 | ||
Amounts at amortized cost | SQM Salar S.A. | SKM Industrial Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 133 | ||
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 180 | 361 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 44 | 89 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 136 | 272 | |
Amounts at amortized cost | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 98 | 191 | |
Amounts at amortized cost | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 49 | 47 | |
Amounts at amortized cost | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 49 | 144 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 28 | 27 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | 7 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 21 | 20 | |
Amounts at amortized cost | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 433 | ||
Amounts at amortized cost | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 108 | ||
Amounts at amortized cost | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 325 | ||
Amounts at amortized cost | SQM Salar S.A. | Tatersall Maquinarias S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 190 | ||
Amounts at amortized cost | SQM Salar S.A. | Tatersall Maquinarias S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 47 | ||
Amounts at amortized cost | SQM Salar S.A. | Tatersall Maquinarias S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 143 | ||
Amounts at amortized cost | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,077 | ||
Amounts at amortized cost | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 267 | ||
Amounts at amortized cost | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 810 | ||
Amounts at amortized cost | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 79 | ||
Amounts at amortized cost | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 20 | ||
Amounts at amortized cost | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 59 | ||
Amounts at amortized cost | SQM Salar S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 452 | ||
Amounts at amortized cost | SQM Salar S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 112 | ||
Amounts at amortized cost | SQM Salar S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 340 | ||
Amounts at amortized cost | SQM Industrial S.A. | El Trovador S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,520 | 1,474 | |
Amounts at amortized cost | SQM Industrial S.A. | El Trovador S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 376 | 364 | |
Amounts at amortized cost | SQM Industrial S.A. | El Trovador S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,144 | 1,110 | |
Amounts at amortized cost | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 699 | 680 | |
Amounts at amortized cost | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 173 | 168 | |
Amounts at amortized cost | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 526 | 512 | |
Amounts at amortized cost | SQM Industrial S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 113 | 109 | |
Amounts at amortized cost | SQM Industrial S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 28 | 27 | |
Amounts at amortized cost | SQM Industrial S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 85 | 82 | |
Amounts at amortized cost | SQM Industrial S.A. | Technofast | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 73 | ||
Amounts at amortized cost | SQM Industrial S.A. | Technofast | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 18 | ||
Amounts at amortized cost | SQM Industrial S.A. | Technofast | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 55 | ||
Amounts at amortized cost | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 69 | 67 | |
Amounts at amortized cost | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 17 | 17 | |
Amounts at amortized cost | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 52 | 50 | |
Amounts at amortized cost | SQM S.A. | Jungheinrich Rentalif SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 73 | 73 | |
Amounts at amortized cost | SQM S.A. | Jungheinrich Rentalif SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 18 | 18 | |
Amounts at amortized cost | SQM S.A. | Jungheinrich Rentalif SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 55 | 55 | |
Amounts at amortized cost | Orcoma Estudios SPA | Obispado de Iquique | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3 | 2 | |
Amounts at amortized cost | Orcoma Estudios SPA | Obispado de Iquique | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Amounts at amortized cost | Orcoma Estudios SPA | Obispado de Iquique | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 1 | |
Amounts at amortized cost | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | 5 | |
Amounts at amortized cost | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Amounts at amortized cost | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 4 | |
Amounts at amortized cost | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3 | 2 | |
Amounts at amortized cost | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Amounts at amortized cost | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 1 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Containers Operators S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 342 | ||
Amounts at amortized cost | Soquimich Comercial S.A. | Containers Operators S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 85 | ||
Amounts at amortized cost | Soquimich Comercial S.A. | Containers Operators S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 257 | ||
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 242 | 163 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 77 | 41 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 165 | 122 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. one | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 103 | 175 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. one | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 44 | 44 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. one | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 59 | 131 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 532 | 515 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 131 | 127 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 401 | 388 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 219 | 213 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 54 | 52 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 165 | 161 | |
Amounts at amortized cost | SQM North America Corp. | Paces West LL. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 195 | 182 | |
Amounts at amortized cost | SQM North America Corp. | Paces West LL. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 47 | 44 | |
Amounts at amortized cost | SQM North America Corp. | Paces West LL. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 148 | 138 | |
Amounts at amortized cost | SQM North America Corp. | Deep South Equipment Company | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | 5 | |
Amounts at amortized cost | SQM North America Corp. | Deep South Equipment Company | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 1 | |
Amounts at amortized cost | SQM North America Corp. | Deep South Equipment Company | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 4 | |
Amounts at amortized cost | SQM North America Corp. | Hawkins Nunmber One, LLC | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 128 | 121 | |
Amounts at amortized cost | SQM North America Corp. | Hawkins Nunmber One, LLC | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 31 | 30 | |
Amounts at amortized cost | SQM North America Corp. | Hawkins Nunmber One, LLC | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 97 | 91 | |
Amounts at amortized cost | SQM North America Corp. | Tennant-South | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3 | 6 | |
Amounts at amortized cost | SQM North America Corp. | Tennant-South | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 1 | |
Amounts at amortized cost | SQM North America Corp. | Tennant-South | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 5 | |
Amounts at amortized cost | SQM North America Corp. | Deacon Jones CDJR | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | ||
Amounts at amortized cost | SQM North America Corp. | Deacon Jones CDJR | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Amounts at amortized cost | SQM North America Corp. | Deacon Jones CDJR | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | ||
Amounts at amortized cost | SQM North America Corp. | Berwyn Partners Inc. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | ||
Amounts at amortized cost | SQM North America Corp. | Berwyn Partners Inc. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Amounts at amortized cost | SQM North America Corp. | Berwyn Partners Inc. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | ||
Amounts at amortized cost | SQM North America Corp. | Myers Ford Co Inc. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | ||
Amounts at amortized cost | SQM North America Corp. | Myers Ford Co Inc. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Amounts at amortized cost | SQM North America Corp. | Myers Ford Co Inc. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | ||
Amounts at amortized cost | SQM North America Corp. | Ford Motor Credit Company | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | ||
Amounts at amortized cost | SQM North America Corp. | Ford Motor Credit Company | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | ||
Amounts at amortized cost | SQM North America Corp. | Ford Motor Credit Company | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | ||
Amounts at amortized cost | SQM North America Corp. | Porter and Howard INC. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | ||
Amounts at amortized cost | SQM North America Corp. | Porter and Howard INC. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | ||
Amounts at amortized cost | SQM North America Corp. | Porter and Howard INC. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3 | ||
Amounts at amortized cost | SQM North America Corp. | Hanford Chrysler Dodge Jeep | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | ||
Amounts at amortized cost | SQM North America Corp. | Hanford Chrysler Dodge Jeep | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | ||
Amounts at amortized cost | SQM North America Corp. | Hanford Chrysler Dodge Jeep | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | ||
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 350 | 338 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 86 | 84 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 264 | 254 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 62 | 70 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 18 | 17 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 44 | 53 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 23 | 25 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | 6 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 16 | 19 | |
Amounts at amortized cost | SQM Europe NV | Straatsburgdok N.V. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 386 | 383 | |
Amounts at amortized cost | SQM Europe NV | Straatsburgdok N.V. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 96 | 95 | |
Amounts at amortized cost | SQM Europe NV | Straatsburgdok N.V. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 290 | 288 | |
Amounts at amortized cost | SQM Australia PTY | Ausco Modular Pty Limited | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 14 | 32 | |
Amounts at amortized cost | SQM Australia PTY | Ausco Modular Pty Limited | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 14 | 8 | |
Amounts at amortized cost | SQM Australia PTY | Ausco Modular Pty Limited | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 0 | 24 | |
Amounts at amortized cost | SQM Australia PTY | Western Australian Land Authority | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 148 | 347 | |
Amounts at amortized cost | SQM Australia PTY | Western Australian Land Authority | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 54 | 103 | |
Amounts at amortized cost | SQM Australia PTY | Western Australian Land Authority | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 94 | 244 | |
Amounts at amortized cost | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 94 | ||
Amounts at amortized cost | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 23 | ||
Amounts at amortized cost | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 71 | ||
Amounts at amortized cost | SQM Australia PTY | Mining Thiess Pty Ltd. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2,111 | ||
Amounts at amortized cost | SQM Australia PTY | Mining Thiess Pty Ltd. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 538 | ||
Amounts at amortized cost | SQM Australia PTY | Mining Thiess Pty Ltd. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1,573 | ||
Amounts at amortized cost | SQM Australia PTY | Project JV | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 79 | ||
Amounts at amortized cost | SQM Australia PTY | Project JV | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 19 | ||
Amounts at amortized cost | SQM Australia PTY | Project JV | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 60 | ||
Amounts at amortized cost | SQM Australia PTY | Eagle Petroleum (WA) Pty Ltd | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 11 | ||
Amounts at amortized cost | SQM Australia PTY | Eagle Petroleum (WA) Pty Ltd | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 3 | ||
Amounts at amortized cost | SQM Australia PTY | Eagle Petroleum (WA) Pty Ltd | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | ||
Amounts at amortized cost | SQM Australia PTY | Knight Frank | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 12 | ||
Amounts at amortized cost | SQM Australia PTY | Knight Frank | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 12 | ||
Amounts at amortized cost | SQM Australia PTY | Knight Frank | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 0 | ||
Amounts at amortized cost | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 5 | 6 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 1 | 2 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 4 | 4 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | 9 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 2 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 6 | 7 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 9 | 10 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 2 | 3 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 7 | $ 7 | |
Amounts at amortized cost | SQM Africa Pty | Goscor Finance (Pty) Ltd | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 35 | ||
Amounts at amortized cost | SQM Africa Pty | Goscor Finance (Pty) Ltd | Later than three months | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | 8 | ||
Amounts at amortized cost | SQM Africa Pty | Goscor Finance (Pty) Ltd | Later than three months and not later than one year | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Current lease liabilities | $ 27 |
Right-of-use assets and Lease_7
Right-of-use assets and Lease liabilities - Details of Non-Current Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | $ 49,585 | $ 46,519 |
Nominal amounts | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 64,180 | 60,048 |
Nominal amounts | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,698 | 4,857 |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 833 | 1,234 |
Nominal amounts | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 370 | 563 |
Nominal amounts | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 144 | |
Nominal amounts | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,299 | |
Nominal amounts | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 969 | |
Nominal amounts | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3,430 | |
Nominal amounts | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 98 | |
Nominal amounts | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 75 | 106 |
Nominal amounts | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 197 | |
Nominal amounts | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 98 | 216 |
Nominal amounts | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 11,501 | 13,364 |
Nominal amounts | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 420 | 1,141 |
Nominal amounts | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 61 | 134 |
Nominal amounts | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 66 | 145 |
Nominal amounts | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 533 | 96 |
Nominal amounts | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 104 | |
Nominal amounts | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,772 | 3,399 |
Nominal amounts | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 349 | 581 |
Nominal amounts | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 987 | 1,217 |
Nominal amounts | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 90 | 224 |
Nominal amounts | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1 | 6 |
Nominal amounts | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2 | |
Nominal amounts | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | |
Nominal amounts | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | |
Nominal amounts | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 12 | |
Nominal amounts | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 9 | |
Nominal amounts | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | |
Nominal amounts | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,151 | 1,545 |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 65 | |
Nominal amounts | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 24 | |
Nominal amounts | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,452 | 1,859 |
Nominal amounts | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 25 | |
Nominal amounts | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4,653 | |
Nominal amounts | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 15 | |
Nominal amounts | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 28,672 | 28,903 |
Nominal amounts | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 83 | |
Nominal amounts | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 6 | |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 7 | 15 |
Nominal amounts | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 11 | 21 |
Nominal amounts | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 60 | 65 |
Nominal amounts | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | 8 |
Nominal amounts | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 30 | 34 |
Nominal amounts | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 96 | |
Nominal amounts | Between 1 year to 2 years | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 19,248 | 16,636 |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,698 | 4,317 |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 800 | 800 |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 370 | 386 |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 144 | |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,041 | |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 439 | |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,176 | |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 98 | |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 62 | 62 |
Nominal amounts | Between 1 year to 2 years | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 79 | |
Nominal amounts | Between 1 year to 2 years | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 98 | 216 |
Nominal amounts | Between 1 year to 2 years | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3,730 | 3,730 |
Nominal amounts | Between 1 year to 2 years | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 420 | 1,141 |
Nominal amounts | Between 1 year to 2 years | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 1 year to 2 years | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 61 | 134 |
Nominal amounts | Between 1 year to 2 years | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 66 | 145 |
Nominal amounts | Between 1 year to 2 years | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 1 year to 2 years | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 170 | 96 |
Nominal amounts | Between 1 year to 2 years | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 104 | |
Nominal amounts | Between 1 year to 2 years | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,255 | 1,255 |
Nominal amounts | Between 1 year to 2 years | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 349 | 465 |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 479 | 465 |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 90 | 224 |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1 | 6 |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2 | |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 12 | |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 5 | |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 5 | |
Nominal amounts | Between 1 year to 2 years | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | |
Nominal amounts | Between 1 year to 2 years | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 789 | 789 |
Nominal amounts | Between 1 year to 2 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 65 | |
Nominal amounts | Between 1 year to 2 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 24 | |
Nominal amounts | Between 1 year to 2 years | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 888 | 844 |
Nominal amounts | Between 1 year to 2 years | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 25 | |
Nominal amounts | Between 1 year to 2 years | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,231 | |
Nominal amounts | Between 1 year to 2 years | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 15 | |
Nominal amounts | Between 1 year to 2 years | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,616 | 1,184 |
Nominal amounts | Between 1 year to 2 years | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 83 | |
Nominal amounts | Between 1 year to 2 years | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 6 | |
Nominal amounts | Between 1 year to 2 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 7 | 15 |
Nominal amounts | Between 1 year to 2 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 11 | 21 |
Nominal amounts | Between 1 year to 2 years | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 10 | 10 |
Nominal amounts | Between 1 year to 2 years | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | 8 |
Nominal amounts | Between 1 year to 2 years | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | 8 |
Nominal amounts | Between 1 year to 2 years | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 12 | |
Nominal amounts | Between 2 years to 3 years | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 17,082 | 14,332 |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 540 |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 33 | 434 |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 177 |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,041 | |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 439 | |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,176 | |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 13 | 44 |
Nominal amounts | Between 2 years to 3 years | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 79 | |
Nominal amounts | Between 2 years to 3 years | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 5,595 | 5,594 |
Nominal amounts | Between 2 years to 3 years | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 102 | 0 |
Nominal amounts | Between 2 years to 3 years | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,517 | 1,883 |
Nominal amounts | Between 2 years to 3 years | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 116 |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 508 | 752 |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | |
Nominal amounts | Between 2 years to 3 years | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 362 | 756 |
Nominal amounts | Between 2 years to 3 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 564 | 1,015 |
Nominal amounts | Between 2 years to 3 years | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,422 | |
Nominal amounts | Between 2 years to 3 years | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3,162 | 2,995 |
Nominal amounts | Between 2 years to 3 years | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Between 2 years to 3 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 14 | 14 |
Nominal amounts | Between 2 years to 3 years | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Between 2 years to 3 years | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 12 | 12 |
Nominal amounts | Between 2 years to 3 years | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 36 | |
Nominal amounts | Over 3 year to 4 years | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 27,850 | 29,080 |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 217 | |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 91 | |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,078 | |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 39 | |
Nominal amounts | Over 3 year to 4 years | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,176 | 4,040 |
Nominal amounts | Over 3 year to 4 years | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 261 | 0 |
Nominal amounts | Over 3 year to 4 years | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 261 |
Nominal amounts | Over 3 year to 4 years | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 23,894 | 24,724 |
Nominal amounts | Over 3 year to 4 years | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Nominal amounts | Over 3 year to 4 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 36 | 41 |
Nominal amounts | Over 3 year to 4 years | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Nominal amounts | Over 3 year to 4 years | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 10 | 14 |
Nominal amounts | Over 3 year to 4 years | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 48 | |
Amounts at amortized cost | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 49,585 | 46,519 |
Amounts at amortized cost | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,606 | 4,571 |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 808 | 1,180 |
Amounts at amortized cost | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 359 | 539 |
Amounts at amortized cost | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 145 | |
Amounts at amortized cost | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,157 | |
Amounts at amortized cost | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 909 | |
Amounts at amortized cost | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3,301 | |
Amounts at amortized cost | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 97 | |
Amounts at amortized cost | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 72 | 100 |
Amounts at amortized cost | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 198 | |
Amounts at amortized cost | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 97 | 209 |
Amounts at amortized cost | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 10,469 | 11,988 |
Amounts at amortized cost | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 417 | 1,115 |
Amounts at amortized cost | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 60 | 129 |
Amounts at amortized cost | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 65 | 141 |
Amounts at amortized cost | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 487 | 96 |
Amounts at amortized cost | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 103 | |
Amounts at amortized cost | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,574 | 3,107 |
Amounts at amortized cost | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 340 | 559 |
Amounts at amortized cost | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 922 | 1,117 |
Amounts at amortized cost | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 89 | 217 |
Amounts at amortized cost | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1 | 6 |
Amounts at amortized cost | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2 | |
Amounts at amortized cost | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | |
Amounts at amortized cost | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | |
Amounts at amortized cost | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 9 | |
Amounts at amortized cost | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 9 | |
Amounts at amortized cost | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | |
Amounts at amortized cost | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,094 | 1,444 |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 63 | |
Amounts at amortized cost | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 23 | |
Amounts at amortized cost | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,420 | 1,807 |
Amounts at amortized cost | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 24 | |
Amounts at amortized cost | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,858 | |
Amounts at amortized cost | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 15 | |
Amounts at amortized cost | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 17,782 | 17,770 |
Amounts at amortized cost | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 80 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 6 | |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 7 | 15 |
Amounts at amortized cost | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 11 | 21 |
Amounts at amortized cost | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 42 | 45 |
Amounts at amortized cost | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | 8 |
Amounts at amortized cost | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 24 | 25 |
Amounts at amortized cost | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 124 | |
Amounts at amortized cost | Between 1 year to 2 years | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 17,187 | 13,938 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,606 | 4,036 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 775 | 754 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 359 | 365 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 145 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 943 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 397 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,104 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 97 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 59 | 57 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 79 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 97 | 209 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3,182 | 3,086 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 417 | 1,115 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 60 | 129 |
Amounts at amortized cost | Between 1 year to 2 years | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 65 | 141 |
Amounts at amortized cost | Between 1 year to 2 years | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 1 year to 2 years | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 153 | 96 |
Amounts at amortized cost | Between 1 year to 2 years | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 103 | |
Amounts at amortized cost | Between 1 year to 2 years | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,119 | 1,082 |
Amounts at amortized cost | Between 1 year to 2 years | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 340 | 444 |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 431 | 403 |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 89 | 217 |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1 | 6 |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 9 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 5 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 5 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 738 | 713 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 63 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 23 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 861 | 807 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 24 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,858 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 15 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 61 | 86 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 80 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 6 | |
Amounts at amortized cost | Between 1 year to 2 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 7 | 15 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 11 | 21 |
Amounts at amortized cost | Between 1 year to 2 years | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 5 | 5 |
Amounts at amortized cost | Between 1 year to 2 years | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | 8 |
Amounts at amortized cost | Between 1 year to 2 years | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | 5 |
Amounts at amortized cost | Between 1 year to 2 years | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 82 | |
Amounts at amortized cost | Between 2 years to 3 years | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 12,460 | 11,663 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 535 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 33 | 426 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 174 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 999 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 421 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,133 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 13 | 43 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 79 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 5,152 | 4,997 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 90 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,455 | 1,766 |
Amounts at amortized cost | Between 2 years to 3 years | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 115 |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 491 | 714 |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 4 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 356 | 731 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 559 | 1,000 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,619 | 1,146 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Between 2 years to 3 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 8 | 8 |
Amounts at amortized cost | Between 2 years to 3 years | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Between 2 years to 3 years | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 3 | 8 |
Amounts at amortized cost | Between 2 years to 3 years | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 42 | |
Amounts at amortized cost | Over 3 year to 4 years | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 19,938 | 20,918 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Empresa Constructora Contex Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | SKM Industrial Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. One | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Inversiones y Gestin New Energy SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 215 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Tatersall Maquinarias S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 91 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Obras y Servicios para la Industria y Mineria S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 1,064 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Sociedad Inmobiliaria Amaru SpA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Maquinarias Industriales Astudillo Hermanos Ltda. Two | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Salar S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 40 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Industrial S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Industrial S.A. | El Trovador S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 2,135 | 3,905 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Industrial S.A. | Sociedad Comercial Grandleasing Chile Ltda | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Industrial S.A. | Technofast | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Nitratos S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM S.A. | Jungheinrich Rentalif SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | Soquimich Comercial S.A. | Containers Operators S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | Soquimich Comercial S.A. | Muelles de Penco S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 244 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | Soquimich Comercial S.A. | Muelles de Penco S.A. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | Soquimich Comercial S.A. | Inmobiliaria Chincui SPA | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 259 |
Amounts at amortized cost | Over 3 year to 4 years | Soquimich Comercial S.A. | Compaa de Leasing Tattersall S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Paces West LL. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Hawkins Nunmber One, LLC | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Deep South Equipment Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Deacon Jones CDJR | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Berwyn Partners Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Myers Ford Co Inc. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Ford Motor Credit Company | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Porter and Howard INC. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Hanford Chrysler Dodge Jeep | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM North America Corp. | Tennant-South | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Comercial de Mexico S.A. de C.V. | Onni Ensenada S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Comercial de Mexico S.A. de C.V. | Madol Inmobiliaria S.A. de C.V. one | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Europe NV | Straatsburgdok N.V. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Australia PTY | Kwinana Refinery Lease - Laydown Area | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Australia PTY | Mining Thiess Pty Ltd. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Australia PTY | Ausco Modular Pty Limited | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Australia PTY | Western Australian Land Authority | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 16,102 | 16,710 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Australia PTY | Project JV | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Colombia S.A.S. | Mareauto Colombia S.A.S. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | |
Amounts at amortized cost | Over 3 year to 4 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Colombia S.A.S. | Renting Colombia S.A. | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | Orcoma Estudios SPA | Obispado de Iquique | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 29 | 32 |
Amounts at amortized cost | Over 3 year to 4 years | Orcoma Estudios SPA | Comunidad Indgena Aymara Pueblo de Pisiga Choque | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 0 | 0 |
Amounts at amortized cost | Over 3 year to 4 years | Orcoma Estudios SPA | Ruth del Carmen Cortez Maturana | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | 18 | $ 12 |
Amounts at amortized cost | Over 3 year to 4 years | SQM Africa Pty | Goscor Finance (Pty) Ltd | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Non-current lease liabilities | $ 0 |
Right-of-use assets and Lease_8
Right-of-use assets and Lease liabilities - Narrative (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Right-of-use assets and Lease liabilities | |||
Total lease expenses | $ 78,880 | $ 71,897 | $ 61,689 |
Expense relating to variable lease payments not included in measurement of lease liabilities | 3,631 | 1,313 | 1,117 |
Income from subleasing right-of-use assets | $ 142 | $ 146 | $ 176 |
Intangible assets and goodwil_2
Intangible assets and goodwill - Narrative (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Intangible assets and goodwill. | ||
Property and goodwill | $ 7,370 | |
Intangible assets and goodwill | $ 34,149 |
Intangible assets and goodwil_3
Intangible assets and goodwill - Useful Life and Net Value of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Intangible assets other than goodwill | $ 166,336 | $ 179,658 | $ 178,407 |
Goodwill | 967 | 34,596 | 41,966 |
Total intangible assets and goodwill | $ 167,303 | $ 214,254 | 214,254 |
IT programs | Finite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Useful life | Finite | Finite | |
Intangible assets other than goodwill | $ 3,249 | $ 3,447 | |
Total intangible assets and goodwill | $ 3,249 | $ 3,447 | 3,447 |
Mining rights | Finite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Useful life | Finite | Finite | |
Intangible assets other than goodwill | $ 140,873 | $ 149,532 | |
Total intangible assets and goodwill | $ 140,873 | $ 149,532 | 149,532 |
Water rights and rights of way | Indeifinite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Useful life | Indefinite | Indefinite | |
Intangible assets other than goodwill | $ 4,909 | $ 4,909 | |
Total intangible assets and goodwill | $ 4,909 | $ 4,909 | 4,909 |
Water rights | Finite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Useful life | Finite | Finite | |
Intangible assets other than goodwill | $ 11,369 | $ 15,158 | |
Total intangible assets and goodwill | 11,369 | 15,158 | 15,158 |
Customer-related intangible assets | Finite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Total intangible assets and goodwill | $ 0 | $ 0 | |
Intellectual property | Finite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Useful life | Finite | Finite | |
Intangible assets other than goodwill | $ 5,850 | $ 6,481 | |
Total intangible assets and goodwill | $ 5,850 | $ 6,481 | 6,481 |
Other intangible assets | Finite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Useful life | Finite | Finite | |
Intangible assets other than goodwill | $ 86 | $ 131 | |
Total intangible assets and goodwill | 86 | 131 | $ 131 |
Goodwill | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Goodwill | $ 967 | $ 34,596 | |
Goodwill | Indeifinite intangible assets | |||
Disclosure Of Intangible Assets And Goodwill [Line Items] | |||
Useful life | Indefinite |
Intangible assets and goodwil_4
Intangible assets and goodwill - Movements in Identifiable Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | $ 214,254 | $ 214,254 |
Additions | 1,504 | 649 |
Amortization for the year | (13,845) | (8,374) |
Impairment losses recognized in profit or loss for the year | (34,857) | (478) |
Other increases / decreases for foreign currency exchange rates | (159) | 2,256 |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | 16 |
Other increases (decreases) | 406 | (188) |
Subtotal | (46,951) | (6,119) |
Closing balance | 167,303 | 214,254 |
Gross carrying amount | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 273,484 | |
Closing balance | 240,378 | 273,484 |
Accumulated depreciation and amortization | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (59,230) | |
Closing balance | (73,075) | (59,230) |
Indeifinite intangible assets | Goodwill | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 34,596 | 34,596 |
Additions | 0 | |
Impairment losses recognized in profit or loss for the year | (33,629) | |
Other increases / decreases for foreign currency exchange rates | 0 | |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | |
Other increases (decreases) | 0 | (7,370) |
Subtotal | (33,629) | (7,370) |
Closing balance | 967 | 34,596 |
Indeifinite intangible assets | Gross carrying amount | Goodwill | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 38,130 | |
Closing balance | 4,501 | 38,130 |
Indeifinite intangible assets | Accumulated depreciation and amortization | Goodwill | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (3,534) | |
Closing balance | (3,534) | (3,534) |
IT programs | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 3,447 | 3,447 |
Additions | 349 | 296 |
Amortization for the year | (1,039) | (1,716) |
Impairment losses recognized in profit or loss for the year | 0 | |
Other increases / decreases for foreign currency exchange rates | (4) | (17) |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | |
Other increases (decreases) | 496 | 58 |
Subtotal | (198) | (1,379) |
Closing balance | 3,249 | 3,447 |
IT programs | Gross carrying amount | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 35,616 | |
Closing balance | 36,457 | 35,616 |
IT programs | Accumulated depreciation and amortization | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (32,169) | |
Closing balance | (33,208) | (32,169) |
Mining rights | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 149,532 | 149,532 |
Additions | 1,141 | 344 |
Amortization for the year | (8,482) | (2,863) |
Impairment losses recognized in profit or loss for the year | (1,228) | (48) |
Other increases / decreases for foreign currency exchange rates | 0 | 2,283 |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | 16 |
Other increases (decreases) | (90) | (246) |
Subtotal | (8,659) | (514) |
Closing balance | 140,873 | 149,532 |
Mining rights | Gross carrying amount | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 162,893 | |
Closing balance | 162,716 | 162,893 |
Mining rights | Accumulated depreciation and amortization | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (13,361) | |
Closing balance | (21,843) | (13,361) |
Water rights and rights of way | Indeifinite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 4,909 | 4,909 |
Additions | 0 | |
Impairment losses recognized in profit or loss for the year | 0 | (430) |
Other increases / decreases for foreign currency exchange rates | 0 | (4) |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | |
Other increases (decreases) | 0 | |
Subtotal | 0 | (434) |
Closing balance | 4,909 | 4,909 |
Water rights and rights of way | Indeifinite intangible assets | Gross carrying amount | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 7,420 | |
Closing balance | 7,420 | 7,420 |
Water rights and rights of way | Indeifinite intangible assets | Accumulated depreciation and amortization | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (2,511) | |
Closing balance | (2,511) | (2,511) |
Water rights | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 15,158 | 15,158 |
Additions | 0 | |
Amortization for the year | (3,789) | (2,842) |
Impairment losses recognized in profit or loss for the year | 0 | |
Other increases / decreases for foreign currency exchange rates | 0 | |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | |
Other increases (decreases) | 0 | |
Subtotal | (3,789) | (2,842) |
Closing balance | 11,369 | 15,158 |
Water rights | Gross carrying amount | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 18,000 | |
Closing balance | 18,000 | 18,000 |
Water rights | Accumulated depreciation and amortization | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (2,842) | |
Closing balance | (6,631) | (2,842) |
Customer-related intangible assets | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 0 | |
Additions | 0 | |
Impairment losses recognized in profit or loss for the year | 0 | |
Other increases / decreases for foreign currency exchange rates | 0 | |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | |
Other increases (decreases) | 0 | |
Subtotal | 0 | |
Closing balance | 0 | 0 |
Customer-related intangible assets | Gross carrying amount | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 1,778 | |
Closing balance | 1,778 | 1,778 |
Customer-related intangible assets | Accumulated depreciation and amortization | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (1,778) | |
Closing balance | (1,778) | (1,778) |
Intellectual property | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 6,481 | 6,481 |
Additions | 0 | |
Amortization for the year | (476) | (889) |
Impairment losses recognized in profit or loss for the year | 0 | |
Other increases / decreases for foreign currency exchange rates | (155) | |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | |
Other increases (decreases) | 0 | 7,370 |
Subtotal | (631) | 6,481 |
Closing balance | 5,850 | 6,481 |
Intellectual property | Gross carrying amount | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 7,370 | |
Closing balance | 7,215 | 7,370 |
Intellectual property | Accumulated depreciation and amortization | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (889) | |
Closing balance | (1,365) | (889) |
Other intangible assets | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 131 | 131 |
Additions | 14 | 9 |
Amortization for the year | (59) | (64) |
Impairment losses recognized in profit or loss for the year | 0 | |
Other increases / decreases for foreign currency exchange rates | 0 | (6) |
Decrease for classification as held for sale | 0 | |
Transferred from available for sale | 0 | |
Other increases (decreases) | 0 | |
Subtotal | (45) | (61) |
Closing balance | 86 | 131 |
Other intangible assets | Gross carrying amount | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | 2,277 | |
Closing balance | 2,291 | 2,277 |
Other intangible assets | Accumulated depreciation and amortization | Finite intangible assets | ||
Disclosure Of Intangible Assets And Goodwill [Line Items] | ||
Opening balance | (2,146) | |
Closing balance | $ (2,205) | $ (2,146) |
Intangible assets and goodwil_5
Intangible assets and goodwill - Movements in Identifiable Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | $ 34,596 | $ 41,966 |
Goodwill Ending Balance | 967 | 34,596 |
Gross carrying amount | ||
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | 34,596 | 41,966 |
Additional recognition | 0 | |
Impairment losses recognized in profit or loss for the year | (33,629) | |
Total increase (decrease) | (33,629) | (7,370) |
Goodwill Ending Balance | 967 | 34,596 |
SQM S.A. | Gross carrying amount | ||
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | 22,255 | 22,255 |
Additional recognition | 0 | |
Impairment losses recognized in profit or loss for the year | (22,255) | |
Total increase (decrease) | (22,255) | |
Goodwill Ending Balance | 0 | 22,255 |
SQM Iberian S.A. | Gross carrying amount | ||
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | 148 | 148 |
Additional recognition | 0 | |
Impairment losses recognized in profit or loss for the year | 0 | |
Total increase (decrease) | 0 | |
Goodwill Ending Balance | 148 | 148 |
SQM Investment Corporation N.V. | Gross carrying amount | ||
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | 86 | 86 |
Additional recognition | 0 | |
Impairment losses recognized in profit or loss for the year | 0 | |
Total increase (decrease) | 0 | |
Goodwill Ending Balance | 86 | 86 |
Soquimich European Holding B.V. | Gross carrying amount | ||
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | 11,383 | 11,383 |
Additional recognition | 0 | |
Impairment losses recognized in profit or loss for the year | (11,374) | |
Total increase (decrease) | (11,374) | |
Goodwill Ending Balance | 9 | 11,383 |
SQM Holland B.V. | Gross carrying amount | ||
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | 7,370 | |
Total increase (decrease) | (7,370) | |
Goodwill Ending Balance | ||
SQM Potasio S.A. | Gross carrying amount | ||
Disclosure of reconciliation of changes in goodwill [line items] | ||
Goodwill Begining Balance | 724 | 724 |
Additional recognition | 0 | |
Impairment losses recognized in profit or loss for the year | 0 | |
Total increase (decrease) | 0 | |
Goodwill Ending Balance | $ 724 | $ 724 |
Property, plant and equipment -
Property, plant and equipment - Types and Classes of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Property, plant and equipments [Abstract] | |||
Land | $ 23,482 | $ 23,507 | |
Buildings | 273,913 | 270,563 | |
Other property, plant and equipment | 34,960 | 32,846 | |
Transport equipment | 9,487 | 2,463 | |
Suppliers and accessories | 4,798 | 5,556 | |
Office equipment | 1,355 | 1,386 | |
Network and communication equipment | 1,872 | 1,359 | |
Mining assets | 60,284 | 38,241 | |
IT equipment | 3,147 | 3,570 | |
Energy generating assets | 3,253 | 3,970 | |
Construction in progress | 1,328,508 | 731,787 | |
Machinery, plant and equipment | 981,779 | 896,977 | |
Total | 2,726,838 | 2,012,225 | $ 1,737,319 |
Description of classes of property, plant and equipment [Abstract] | |||
Pumps | 32,120 | 28,889 | |
Conveyor Belt | 17,135 | 18,294 | |
Crystallizer | 48,582 | 20,189 | |
Plant Equipment | 163,594 | 168,370 | |
Tanks | 25,923 | 22,358 | |
Filter | 47,976 | 41,438 | |
Electrical equipment/facilities | 110,275 | 97,594 | |
Other Property, Plant & Equipment | 112,628 | 71,150 | |
Site Closure | 36,673 | 34,248 | |
Piping | 107,481 | 106,317 | |
Well | 177,708 | 202,982 | |
Pond | 41,729 | 42,547 | |
Spare Parts | 59,955 | 42,601 | |
Total | 981,779 | 896,977 | |
Gross carrying amount | |||
Property, plant and equipments [Abstract] | |||
Land | 23,482 | 23,507 | |
Buildings | 803,398 | 767,096 | |
Other property, plant and equipment | 250,058 | 239,582 | |
Transport equipment | 21,343 | 13,357 | |
Suppliers and accessories | 29,426 | 28,786 | |
Office equipment | 13,141 | 12,943 | |
Network and communication equipment | 10,878 | 9,577 | |
Mining assets | 230,803 | 195,889 | |
IT equipment | 31,197 | 30,456 | |
Energy generating assets | 38,540 | 38,540 | |
Construction in progress | 1,328,508 | 731,787 | |
Machinery, plant and equipment | 3,716,440 | 3,464,881 | |
Total | 6,497,214 | 5,556,401 | |
Description of classes of property, plant and equipment [Abstract] | |||
Total | 3,716,440 | 3,464,881 | |
Accumulated depreciation and amortization | |||
Property, plant and equipments [Abstract] | |||
Buildings | (529,485) | (496,533) | |
Other property, plant and equipment | (215,098) | (206,736) | |
Transport equipment | (11,856) | (10,894) | |
Suppliers and accessories | (24,628) | (23,230) | |
Office equipment | (11,786) | (11,557) | |
Network and communication equipment | (9,006) | (8,218) | |
Mining assets | (170,519) | (157,648) | |
IT equipment | (28,050) | (26,886) | |
Energy generating assets | (35,287) | (34,570) | |
Machinery, plant and equipment | (2,734,661) | (2,567,904) | |
Total | (3,770,376) | (3,544,176) | |
Description of classes of property, plant and equipment [Abstract] | |||
Total | $ (2,734,661) | $ (2,567,904) |
Property, plant and equipment_2
Property, plant and equipment - Provision for Spare Parts (Details) - Spare Parts - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | $ 48,262 | $ 42,881 |
Increase in provisions | 3,810 | 5,381 |
Ending balance | $ 52,072 | $ 48,262 |
Property, plant and equipment_3
Property, plant and equipment - Changes in Property, Plant and Equipment by Type (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | $ 2,012,225 | $ 1,737,319 |
Changes | ||
Additions | 931,383 | 471,533 |
Disposals | (19) | |
Depreciation for the year | (218,713) | (195,678) |
Impairment | (8,084) | (5,582) |
Increase (decrease) in foreign currency translation difference | (33) | (223) |
Other increases (decreases) | 10,307 | 4,856 |
Decreases for classification as held for sale | (228) | |
Subtotal | 714,613 | 274,906 |
Closing balance | 2,726,838 | 2,012,225 |
Land | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 23,507 | 23,579 |
Changes | ||
Increase (decrease) in foreign currency translation difference | (5) | (72) |
Reclassifications | 121 | |
Decreases for classification as held for sale | (141) | |
Subtotal | (25) | (72) |
Closing balance | 23,482 | 23,507 |
Buildings | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 270,563 | 239,666 |
Changes | ||
Additions | 495 | |
Depreciation for the year | (32,915) | (30,872) |
Impairment | (156) | (456) |
Increase (decrease) in foreign currency translation difference | (7) | (80) |
Reclassifications | 37,147 | 62,291 |
Other increases (decreases) | (1,127) | 14 |
Decreases for classification as held for sale | (87) | |
Subtotal | 3,350 | 30,897 |
Closing balance | 273,913 | 270,563 |
Other property, plant and equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 32,846 | 35,418 |
Changes | ||
Additions | 425 | 346 |
Depreciation for the year | (8,691) | (7,848) |
Impairment | (75) | |
Increase (decrease) in foreign currency translation difference | (1) | |
Reclassifications | 10,449 | 5,008 |
Other increases (decreases) | (69) | (2) |
Subtotal | 2,114 | (2,572) |
Closing balance | 34,960 | 32,846 |
Transport equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 2,463 | 2,880 |
Changes | ||
Additions | 146 | |
Depreciation for the year | (962) | (759) |
Reclassifications | 7,840 | 354 |
Other increases (decreases) | (12) | |
Subtotal | 7,024 | (417) |
Closing balance | 9,487 | 2,463 |
Supplies and accessories | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 5,556 | 4,183 |
Changes | ||
Additions | 4 | |
Depreciation for the year | (1,400) | (1,384) |
Impairment | (16) | |
Reclassifications | 726 | 2,773 |
Other increases (decreases) | (88) | |
Subtotal | (758) | 1,373 |
Closing balance | 4,798 | 5,556 |
Equipment office | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 1,386 | 459 |
Changes | ||
Additions | 7 | 29 |
Depreciation for the year | (248) | (383) |
Impairment | (8) | |
Increase (decrease) in foreign currency translation difference | (1) | (1) |
Reclassifications | 213 | 1,290 |
Other increases (decreases) | (2) | |
Subtotal | (31) | 927 |
Closing balance | 1,355 | 1,386 |
Network and communication equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 1,359 | 1,272 |
Changes | ||
Additions | 152 | 58 |
Depreciation for the year | (788) | (539) |
Reclassifications | 1,149 | 553 |
Other increases (decreases) | 15 | |
Subtotal | 513 | 87 |
Closing balance | 1,872 | 1,359 |
Mining assets | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 38,241 | 47,052 |
Changes | ||
Depreciation for the year | (12,871) | (10,138) |
Reclassifications | 34,914 | 1,327 |
Subtotal | 22,043 | (8,811) |
Closing balance | 60,284 | 38,241 |
IT equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 3,570 | 4,083 |
Changes | ||
Additions | 270 | 232 |
Depreciation for the year | (1,256) | (1,387) |
Impairment | (8) | |
Reclassifications | 582 | 557 |
Other increases (decreases) | (19) | 93 |
Subtotal | (423) | (513) |
Closing balance | 3,147 | 3,570 |
Energy generating assets | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 3,970 | 4,878 |
Changes | ||
Depreciation for the year | (717) | (908) |
Subtotal | (717) | (908) |
Closing balance | 3,253 | 3,970 |
Assets under construction | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 731,787 | 486,345 |
Changes | ||
Additions | 922,690 | 470,112 |
Reclassifications | (316,994) | (224,945) |
Other increases (decreases) | (8,975) | 275 |
Subtotal | 596,721 | 245,442 |
Closing balance | 1,328,508 | 731,787 |
Machinery, plant and equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 896,977 | 887,504 |
Changes | ||
Additions | 7,194 | 756 |
Disposals | (19) | |
Depreciation for the year | (158,865) | (141,460) |
Impairment | (7,928) | (5,019) |
Increase (decrease) in foreign currency translation difference | (20) | (69) |
Reclassifications | 223,853 | 150,792 |
Other increases (decreases) | 20,587 | 4,473 |
Subtotal | 84,802 | 9,473 |
Closing balance | 981,779 | 896,977 |
Gross carrying amount | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 5,556,401 | |
Changes | ||
Closing balance | 6,497,214 | 5,556,401 |
Gross carrying amount | Land | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 23,507 | |
Changes | ||
Closing balance | 23,482 | 23,507 |
Gross carrying amount | Buildings | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 767,096 | |
Changes | ||
Closing balance | 803,398 | 767,096 |
Gross carrying amount | Other property, plant and equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 239,582 | |
Changes | ||
Closing balance | 250,058 | 239,582 |
Gross carrying amount | Transport equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 13,357 | |
Changes | ||
Closing balance | 21,343 | 13,357 |
Gross carrying amount | Supplies and accessories | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 28,786 | |
Changes | ||
Closing balance | 29,426 | 28,786 |
Gross carrying amount | Equipment office | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 12,943 | |
Changes | ||
Closing balance | 13,141 | 12,943 |
Gross carrying amount | Network and communication equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 9,577 | |
Changes | ||
Closing balance | 10,878 | 9,577 |
Gross carrying amount | Mining assets | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 195,889 | |
Changes | ||
Closing balance | 230,803 | 195,889 |
Gross carrying amount | IT equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 30,456 | |
Changes | ||
Closing balance | 31,197 | 30,456 |
Gross carrying amount | Energy generating assets | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 38,540 | |
Changes | ||
Closing balance | 38,540 | 38,540 |
Gross carrying amount | Assets under construction | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 731,787 | |
Changes | ||
Closing balance | 1,328,508 | 731,787 |
Gross carrying amount | Machinery, plant and equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | 3,464,881 | |
Changes | ||
Closing balance | 3,716,440 | 3,464,881 |
Accumulated depreciation and amortization | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (3,544,176) | |
Changes | ||
Closing balance | (3,770,376) | (3,544,176) |
Accumulated depreciation and amortization | Buildings | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (496,533) | |
Changes | ||
Closing balance | (529,485) | (496,533) |
Accumulated depreciation and amortization | Other property, plant and equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (206,736) | |
Changes | ||
Closing balance | (215,098) | (206,736) |
Accumulated depreciation and amortization | Transport equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (10,894) | |
Changes | ||
Closing balance | (11,856) | (10,894) |
Accumulated depreciation and amortization | Supplies and accessories | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (23,230) | |
Changes | ||
Closing balance | (24,628) | (23,230) |
Accumulated depreciation and amortization | Equipment office | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (11,557) | |
Changes | ||
Closing balance | (11,786) | (11,557) |
Accumulated depreciation and amortization | Network and communication equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (8,218) | |
Changes | ||
Closing balance | (9,006) | (8,218) |
Accumulated depreciation and amortization | Mining assets | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (157,648) | |
Changes | ||
Closing balance | (170,519) | (157,648) |
Accumulated depreciation and amortization | IT equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (26,886) | |
Changes | ||
Closing balance | (28,050) | (26,886) |
Accumulated depreciation and amortization | Energy generating assets | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (34,570) | |
Changes | ||
Closing balance | (35,287) | (34,570) |
Accumulated depreciation and amortization | Machinery, plant and equipment | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balance | (2,567,904) | |
Changes | ||
Closing balance | $ (2,734,661) | $ (2,567,904) |
Property, plant and equipment_4
Property, plant and equipment - Costs of Capitalized Interest (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property, plant and equipment | ||
Capitalization interest rate | 4% | 4% |
Amount of costs for interest capitalized | $ 24,708 | $ 14,206 |
Other current and non-current_3
Other current and non-current non-financial assets - Narrative (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | $ 196,335 | $ 69,870 |
Other non-financial assets, non-current | 52,396 | 33,487 |
Domestic Value Added Tax | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 81,361 | 26,356 |
Foreign Value Added Tax | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 66,926 | 14,395 |
Prepaid mining licenses | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 1,122 | 1,233 |
Prepaid insurance | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 33,896 | 20,443 |
Other prepayment | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 1,230 | 659 |
Refund of Value Added Tax to exporters | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 3,020 | 0 |
Other taxes | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 7,512 | 6,030 |
Other assets | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, current | 1,268 | 754 |
Other non-financial assets, non-current | 7,656 | 6,113 |
Exploration and evaluation expenses | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, non-current | 44,023 | 26,752 |
Guarantee deposits | ||
Disclosure of other non-financial assets [Line Items] | ||
Other non-financial assets, non-current | $ 717 | $ 622 |
Other current and non-current_4
Other current and non-current non-financial assets - Movements in Assets for Exploration (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other current and non-current non-financial assets | |||
Opening balance | $ 26,752 | $ 17,883 | $ 18,654 |
Change in assets for exploration and evaluation of mineral resources | |||
Additions | 11,341 | 8,071 | |
Short-term reclassifications | (465) | 83 | (526) |
Increase (decrease) due to transfers and other charges | 6,395 | 715 | (245) |
Total changes | 17,271 | 8,869 | (771) |
Total | $ 44,023 | $ 26,752 | $ 17,883 |
Other current and non-current_5
Other current and non-current non-financial assets - Explorations in Execution (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Disbursements For Exploration And Evaluation [Line Items] | ||
Chile | $ 1,328,508 | $ 731,787 |
Explorations in execution | ||
Disclosure Of Disbursements For Exploration And Evaluation [Line Items] | ||
Chile | $ 3,699 | $ 1,000 |
Other current and non-current_6
Other current and non-current non-financial assets - Conciliation of Explorations in Execution (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Other current and non-current non-financial assets | ||
Opening balance | $ 1,000 | $ 2,666 |
Disbursements | 4,227 | 1,736 |
Reclassifications | (1,528) | (3,402) |
Total changes | 2,699 | (1,666) |
Total | $ 3,699 | $ 1,000 |
Other current and non-current_7
Other current and non-current non-financial assets - Reimbursements for Exploration and Evaluation (Details) - Metallic/Non-Metallic - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information About Reimbursements For Exploration And Evaluation [Line Items] | ||
Reimbursements exploration and evaluation | $ 36,327 | $ 18,154 |
Chile | ||
Disclosure Of Detailed Information About Reimbursements For Exploration And Evaluation [Line Items] | ||
Reimbursements exploration and evaluation | $ 36,327 | $ 18,154 |
Other current and non-current_8
Other current and non-current non-financial assets - Reimbursements for Exploration and Evaluation, Narrative (Details) - Chile - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Non Metalic Exploration | ||
Disclosure Of Detailed Information About Reimbursements For Exploration And Evaluation [Line Items] | ||
Reimbursements exploration and evaluation | $ 11,417 | $ 6,550 |
Metallic exploration | ||
Disclosure Of Detailed Information About Reimbursements For Exploration And Evaluation [Line Items] | ||
Reimbursements exploration and evaluation | $ 24,910 | $ 11,604 |
Other current and non-current_9
Other current and non-current non-financial assets - Prospecting Conciliation (Details) - Metallic exploration - Chile - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Detailed Information About Reconciliation Of Economically Feasible Metalic Explorations [Line Items] | ||
Opening balance | $ 18,154 | $ 10,872 |
Additions | 11,341 | 8,071 |
Reclassifications from Exploration in execution - Chile | 8,864 | 1,906 |
Reclassifications to Exploration in Exploitation-Chile | (2,032) | (2,695) |
Total changes | 18,173 | 7,282 |
Total | $ 36,327 | $ 18,154 |
Other current and non-curren_10
Other current and non-current non-financial assets - Short and Long-Term Exploitation Conciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Other current financial assets | ||
Detailed Information About Short Term And Long Term Exploitation Conciliation [Line Items] | ||
Opening balance | $ 1,235 | $ 1,318 |
Amortization | (1,359) | |
Reclassifications | 465 | 1,276 |
Total changes | 465 | (83) |
Total | 1,700 | 1,235 |
Other non-current financial assets | ||
Detailed Information About Short Term And Long Term Exploitation Conciliation [Line Items] | ||
Opening balance | 8,598 | 7,011 |
Amortization | (2,421) | |
Reclassifications | 1,519 | 1,587 |
Total changes | (902) | 1,587 |
Total | $ 7,696 | $ 8,598 |
Employee benefits - Classes of
Employee benefits - Classes of Benefits and Expenses by Employee (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Current | ||
Profit sharing and bonuses | $ 2,270 | $ 1,383 |
Performance bonus and operational | 33,106 | 25,392 |
Total | 35,376 | 26,775 |
Non-current | ||
Profit sharing and bonuses | 8,973 | 0 |
Severance indemnity payments | 34,899 | 27,099 |
Total | $ 43,872 | $ 27,099 |
Employee benefits - Changes in
Employee benefits - Changes in the Benefit Obligation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employee benefits | |||
Opening balance | $ 9,550 | $ 9,864 | $ 9,586 |
Current cost of service | 0 | 0 | 0 |
Interest cost | 255 | 240 | 280 |
Actuarial gains loss | (1,357) | (135) | 506 |
Settlement | (7,739) | ||
Benefits paid | (430) | (419) | (508) |
Total benefit obligation (A) | $ 279 | $ 9,550 | $ 9,864 |
Employee benefits - Changes i_2
Employee benefits - Changes in Plan Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employee benefits | |||
Fair value of plan assets at the start of the year | $ 13,497 | $ 12,888 | $ 8,754 |
Real return (loss) in the plan assets | 346 | (1,028) | (4,642) |
Benefits paid | (430) | (419) | (508) |
Settlement | (7,739) | ||
Fair value of plan assets at the end of the year | 4,982 | 13,497 | 12,888 |
Non-current-assets | 4,703 | 3,947 | 3,025 |
Net actuarial loss at the beginning of the year | 1,039 | 192 | (3,634) |
Amortization during the year | 0 | 0 | 326 |
Settlement | (1,627) | 0 | 0 |
Gain | 647 | 847 | 3,500 |
Adjustment to recognize the minimum pension obligations | $ 59 | $ 1,039 | $ 192 |
Employee benefits - Cost of Ser
Employee benefits - Cost of Service or Benefits Received (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employee benefits | |||
Financial cost | $ 255 | $ 240 | $ 280 |
Real loss in plan assets | (363) | (316) | (637) |
Settlement | (1,627) | 0 | 0 |
Amortization of prior year losses | 0 | 0 | 326 |
Net periodic pension expenses | $ (1,735) | $ (76) | $ (31) |
Employee benefits - Staff Sever
Employee benefits - Staff Severance Indemnities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employee benefits [Line Items] | |||
Current cost of Service | $ 0 | $ 0 | $ 0 |
Interest cost | 255 | 240 | 280 |
Actuarial gain loss | (1,357) | (135) | 506 |
Benefits paid during the year | 7,739 | ||
Staff severance indemnities | |||
Employee benefits [Line Items] | |||
Opening balance | (27,099) | (32,199) | (27,814) |
Current cost of Service | (4,204) | (4,978) | (3,804) |
Interest cost | (1,928) | (1,303) | (1,486) |
Actuarial gain loss | (5,305) | 3,999 | (2,826) |
Exchange rate difference | 551 | 4,971 | (1,513) |
Benefits paid during the year | 3,086 | 2,411 | 5,244 |
Balance | $ (34,899) | $ (27,099) | $ (32,199) |
Employee benefits - Actuarial A
Employee benefits - Actuarial Assumptions (Details) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Employee benefits [Line Items] | ||||
Actual annual interest rate | 5.12% | 5.67% | 3.65% | |
Voluntary retirement rate: | ||||
Salary increase | 3% | 3% | 3% | |
Retirement age: | ||||
Mortality rate | RV - 2014 | RV - 2014 | RV - 2014 | |
Men | ||||
Voluntary retirement rate: | ||||
Actuarial assumption voluntary retirement rate | 6.49% | 6.49% | 6.49% | |
Retirement age: | ||||
Actuarial assumption of retirement age | 65 years | 65 years | 65 years | |
Women | ||||
Voluntary retirement rate: | ||||
Actuarial assumption voluntary retirement rate | 6.49% | 6.49% | 6.49% | |
Retirement age: | ||||
Actuarial assumption of retirement age | 60 years | 60 years | 60 years | |
Maximum | Men | ||||
Retirement age: | ||||
Actuarial assumption of retirement age | 65 years | |||
Maximum | Women | ||||
Retirement age: | ||||
Actuarial assumption of retirement age | 60 years |
Employee benefits - Sensitivity
Employee benefits - Sensitivity Analysis of Actuarial Assumptions (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Actuarial assumption of discount rates | |||
Employee benefits [Line Items] | |||
Increase in actuarial assumption | $ (2,090) | $ (1,614) | $ (1,985) |
Decrease in actuarial assumption | 2,352 | 1,817 | 2,234 |
Actuarial assumption of employee turnover rate | |||
Employee benefits [Line Items] | |||
Increase in actuarial assumption | (274) | (212) | (261) |
Decrease in actuarial assumption | $ 307 | $ 237 | $ 291 |
Employee benefits - Narrative (
Employee benefits - Narrative (Details) $ / shares in Units, CLF in Thousands, $ in Thousands | 12 Months Ended | ||||
Apr. 26, 2022 CLF | Apr. 23, 2021 CLF | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) $ / shares | |
Employee benefits [Line Items] | |||||
Number of shares effected | shares | 42,032 | 146,708 | |||
Personnel compensation | CLF | CLF 600 | CLF 600 | |||
Weighted average share price | $ / shares | $ 54 | $ 41.93 | |||
Executive compensation plan | |||||
Employee benefits [Line Items] | |||||
Number of shares effected | shares | 188,740 | ||||
Personnel compensation | $ | $ 2,251 | $ 5,978 | $ 875 | ||
Financial target compensation plan | |||||
Employee benefits [Line Items] | |||||
Personnel compensation | $ | $ 8,495 |
Provisions and other non-fina_3
Provisions and other non-financial liabilities - Types of Provisions (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Provisions and other non-financial liabilities [Line Items] | ||
Current provisions | $ 1,303,146 | $ 317,666 |
Non-current provisions | 58,053 | 61,038 |
Total | 1,361,199 | 378,704 |
Legal complaints | ||
Disclosure of Provisions and other non-financial liabilities [Line Items] | ||
Current provisions | 52,106 | 48,518 |
Non-current provisions | 1,603 | 1,223 |
Total | 53,709 | 49,741 |
Provision for dismantling, restoration and rehabilitation cost | ||
Disclosure of Provisions and other non-financial liabilities [Line Items] | ||
Current provisions | 0 | 0 |
Non-current provisions | 53,995 | 58,592 |
Total | 53,995 | 58,592 |
Other provisions | ||
Disclosure of Provisions and other non-financial liabilities [Line Items] | ||
Current provisions | 1,251,040 | 269,148 |
Non-current provisions | 2,455 | 1,223 |
Total | $ 1,253,495 | $ 270,371 |
Provisions and other non-fina_4
Provisions and other non-financial liabilities - Other Current Provisions (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Provisions and other non-financial liabilities [Line Items] | ||
Total | $ 1,303,146 | $ 317,666 |
Other provisions | ||
Disclosure of Provisions and other non-financial liabilities [Line Items] | ||
Rent under Lease contract | 1,189,326 | 260,889 |
Provision for additional tax related to foreign loans | 1,085 | 1,027 |
End of agreement bonus | 35,819 | 2,792 |
Directors' per diem allowance | 4,250 | 3,938 |
Miscellaneous provisions | 20,560 | 502 |
Total | $ 1,251,040 | $ 269,148 |
Provisions and other non-fina_5
Provisions and other non-financial liabilities - Changes in Provisions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | $ 378,704 | $ 166,783 | $ 145,255 |
Changes | |||
Additional provisions | 3,056,824 | 287,568 | 154,581 |
Provision used | (2,060,321) | (65,358) | (127,624) |
Increase(decrease) in foreign currency exchange | (32) | (72) | (2,482) |
Others | (13,976) | (10,217) | (2,947) |
Total Increase (decreases) | 982,495 | 211,921 | 21,528 |
Total | 1,361,199 | 378,704 | 166,783 |
Legal complaints | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | 49,741 | 10,165 | 14,924 |
Changes | |||
Additional provisions | 3,981 | 48,012 | 62,922 |
Provision used | (8,399) | (67,685) | |
Increase(decrease) in foreign currency exchange | (1) | (37) | 4 |
Others | (12) | ||
Total Increase (decreases) | 3,968 | 39,576 | (4,759) |
Total | 53,709 | 49,741 | 10,165 |
Provision for dismantling, restoration and rehabilitation cost | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | 58,592 | 61,265 | 33,238 |
Changes | |||
Additional provisions | 7,085 | 7,302 | 30,974 |
Increase(decrease) in foreign currency exchange | (35) | ||
Others | (11,647) | (9,975) | (2,947) |
Total Increase (decreases) | (4,597) | (2,673) | 28,027 |
Total | 53,995 | 58,592 | 61,265 |
Other provisions | |||
Disclosure of Provisions and other non-financial liabilities [Line Items] | |||
Total provisions, initial balance | 270,371 | 95,353 | 97,093 |
Changes | |||
Additional provisions | 3,045,758 | 232,254 | 60,685 |
Provision used | (2,060,321) | (56,959) | (59,939) |
Increase(decrease) in foreign currency exchange | 4 | (35) | (2,486) |
Others | (2,317) | (242) | |
Total Increase (decreases) | 983,124 | 175,018 | (1,740) |
Total | $ 1,253,495 | $ 270,371 | $ 95,353 |
Provisions and other non-fina_6
Provisions and other non-financial liabilities - Other Current Non-Financial Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Provisions and other non-financial liabilities | ||
Tax withholdings | $ 46,518 | $ 21,546 |
VAT payable | 43,439 | 26,111 |
Guarantees received | 743 | 746 |
Accrual for dividend | 7,370 | 34,184 |
Monthly tax provisional payments | 289,326 | 23,319 |
Deferred income | 19,341 | 5,605 |
Withholdings from employees and salaries payable | 7,242 | 5,587 |
Accrued vacations | 29,642 | 23,467 |
Other current liabilities | 2,856 | 1,109 |
Total | $ 446,477 | $ 141,674 |
Provisions and other non-fina_7
Provisions and other non-financial liabilities - Narrative (Details) | 12 Months Ended |
Dec. 31, 2022 USD ($) ha | |
Minimum | |
Disclosure of other provisions [line items] | |
Research and development expense | $ 10,000,000 |
Minimum | Potassium-lithium operations | |
Disclosure of other provisions [line items] | |
Discount rate evaluation horizon | 8 |
Minimum | Nitrate-iodine operations | |
Disclosure of other provisions [line items] | |
Discount rate evaluation horizon | 11 |
Maximum | |
Disclosure of other provisions [line items] | |
Research and development expense | $ 15,000,000 |
Maximum | Potassium-lithium operations | |
Disclosure of other provisions [line items] | |
Discount rate evaluation horizon | 25 |
Maximum | Nitrate-iodine operations | |
Disclosure of other provisions [line items] | |
Discount rate evaluation horizon | 22 |
SQM Salar | |
Disclosure of other provisions [line items] | |
Area of land | ha | 140,000 |
Area of land, entitled | ha | 81,920 |
SQM | |
Disclosure of other provisions [line items] | |
Percentage of entity's revenue | 1.70% |
SQM | Minimum | |
Disclosure of other provisions [line items] | |
Research and development expense | $ 10,800,000 |
SQM | Maximum | |
Disclosure of other provisions [line items] | |
Research and development expense | $ 18,900,000 |
Disclosures on equity - Capital
Disclosures on equity - Capital Management Ratios (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Disclosure of Disclosures on equity [Line Items] | |||
Net Financial Debt | $ (660,246) | $ 258,915 | $ 1,105,095 |
Liquidity | 2.29 | 4.76 | |
Capital Management | |||
Disclosure of Disclosures on equity [Line Items] | |||
Net Financial Debt | $ (721,980) | $ 204,692 | |
Liquidity | 2.29 | 4.62 | |
ROE | 79.37 | 18.41 | |
Adjusted EBITDA | $ 5,838,439 | $ 1,185,453 | |
EBITDA | $ 5,817,605 | $ 1,140,086 | |
ROA | 78.61 | 21.29 | |
Indebtedness | (0.15) | 0.06 | |
Description Net Financial Debt | Financial Debt – Financial Resources | ||
Description Liquidity | Current Assets divided by Current Liabilities | ||
Description ROE | Profit for the year divided by Total Equity | ||
Description adjusted EBITDA | Adjusted EBITDA | ||
Description EBITDA | EBITDA | ||
Description ROA | Adjusted EBITDA – Depreciation divided by Total Assets net of financial resources less related parties’ investments | ||
Description Indebtedness | Net Financial Debt on Equity | ||
Calculation Net Financial Debt | Other current Financial Liabilities + Other Non-Current Financial Liabilities– Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current | ||
Calculation Liquidity | Total Current Assets / Total Current Liabilities | ||
Calculation ROE | Profit for the year / Equity | ||
Calculation Adjusted EBITDA | EBITDA – 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 on reversal (losses) of financial assets – Finance income – Currency differences. | ||
Calculation EBITDA | Profit (loss) + Depreciation and Amortization Expense adjustments + Finance Costs + Income Tax | ||
Calculation ROA | (Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity accounted Investments) (LTM) | ||
Calculation Indebtedness | Net Financial Debt / Total Equity |
Disclosures on equity - Financi
Disclosures on equity - Financial Restrictions with Respect to Bonds Issued (Details) - Financial restrictions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financial Restrictions [Line Items] | ||
Instrument with restriction | Bonds | Bonds |
Creditor | Bondholders | Bondholders |
Registration number | H | H |
Name of financial indicator or ratio (See definition in Note 20.1) | NFD/Equity | NFD/Equity |
Measurement frequency | Quarterly | Quarterly |
Restriction (Range, value and unit of measure) | Must be less than 1.00 | Must be less than 1.00 |
Indicator or ratio determined by the company | (0.15%) | 0.06% |
Fulfilled YES/NO | yes | yes |
Instrument with restriction | Bonds | Bonds |
Creditor | Bondholders | Bondholders |
Registration number | Q | Q |
Name of financial indicator or ratio (See definition in Note 20.1) | NFD/Equity | NFD/Equity |
Measurement frequency | Quarterly | Quarterly |
Restriction (Range, value and unit of measure) | Must be less than 1.00 | Must be less than 1.00 |
Indicator or ratio determined by the company | (0.15%) | 0.06% |
Fulfilled YES/NO | yes | yes |
Instrument with restriction | Bonds | Bonds |
Creditor | Bondholders | Bondholders |
Registration number | O | O |
Name of financial indicator or ratio (See definition in Note 20.1) | NFD/Equity | NFD/Equity |
Measurement frequency | Quarterly | Quarterly |
Restriction (Range, value and unit of measure) | Must be less than 1.00 | Must be less than 1.00 |
Indicator or ratio determined by the company | (0.15%) | 0.06% |
Fulfilled YES/NO | yes | yes |
Instrument with restriction | Bank loans | Bank loans |
Creditor | Scotiabank | Scotiabank |
Registration number | PB 70M | PB 70M |
Name of financial indicator or ratio (See definition in Note 20.1) | NFD/Equity | NFD/Equity |
Measurement frequency | Quarterly | Quarterly |
Restriction (Range, value and unit of measure) | Must be less than 1.00 | Must be less than 1.00 |
Indicator or ratio determined by the company | (0.15%) | 0.06% |
Fulfilled YES/NO | yes | yes |
Disclosures on equity - Shares
Disclosures on equity - Shares Issued by Class (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of Disclosures on equity [Line Items] | |||
Capital amount in shares | $ 1,577,643 | $ 1,577,643 | |
Series A preferred shares | |||
Disclosure of Disclosures on equity [Line Items] | |||
Number of authorized shares | 142,819,552 | 142,819,552 | 142,819,552 |
Number of fully subscribed and paid shares | 142,819,552 | 142,819,552 | 142,819,552 |
Number of outstanding shares | 142,818,904 | 142,818,904 | 142,819,552 |
Number of shares owned by the Company or its subsidiaries or associates | 648 | 648 | |
Capital amount in shares | $ 134,750 | $ 134,750 | $ 134,750 |
Total number of subscribed shares | 142,819,552 | 142,819,552 | 142,819,552 |
Series B preferred shares | |||
Disclosure of Disclosures on equity [Line Items] | |||
Number of authorized shares | 142,818,904 | 142,818,904 | 120,376,972 |
Number of fully subscribed and paid shares | 142,818,904 | 142,818,904 | 120,376,972 |
Number of outstanding shares | 142,818,904 | 142,818,904 | 120,376,972 |
Capital amount in shares | $ 1,442,893 | $ 1,442,893 | $ 342,636 |
Total number of subscribed shares | 142,818,904 | 142,818,904 | 120,376,972 |
Disclosures on equity - Reserve
Disclosures on equity - Reserves in Equity (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosures on equity | ||||
Reserve for currency exchange conversion | $ (8,042) | $ (7,913) | $ (11,569) | |
Reserve for cash flow hedges | (14,575) | (34,025) | 4,491 | |
Reserve for gains and losses from financial assets measured at fair value through other comprehensive income | (10,973) | (11,146) | 6,872 | |
Reserve for actuarial gains or losses in defined benefit plans | (9,198) | (4,174) | (8,680) | |
Other reserves | 11,663 | 13,103 | 16,318 | |
Total | $ (31,125) | $ (44,155) | $ 7,432 | $ (14,223) |
Disclosures on equity - Movemen
Disclosures on equity - Movements in Other Reserves and Changes in Interest (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | $ (44,155) | $ 7,432 | $ (14,223) |
Movement of reserves | 22,942 | (38,084) | 7,380 |
Reclassification adjustments | (9,912) | (3,739) | 14,275 |
Reclassification to retained earnings | (9,764) | ||
Closing balance | (31,125) | (44,155) | 7,432 |
Foreign currency translation difference before taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | (7,913) | (11,569) | (25,745) |
Movement of reserves | (129) | 4,046 | (404) |
Reclassification adjustments | (390) | 14,580 | |
Closing balance | (8,042) | (7,913) | (11,569) |
Reserve for cash flow hedges before taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | (46,589) | 6,173 | 9,879 |
Movement of reserves | 36,079 | (66,051) | (461) |
Reclassification adjustments | (9,457) | 13,289 | (3,245) |
Closing balance | (19,967) | (46,589) | 6,173 |
Reserve for cash flow hedges tax | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | 12,564 | (1,682) | (2,683) |
Movement of reserves | (7,172) | 14,246 | 1,001 |
Closing balance | 5,392 | 12,564 | (1,682) |
Reserve for actuarial gains and losses from defined benefit plans before taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | (5,879) | (10,527) | (11,482) |
Movement of reserves | (6,276) | 4,648 | 955 |
Closing balance | (12,155) | (5,879) | (10,527) |
Reserve for actuarial gains and losses from defined benefit plans deferred taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | 1,705 | 1,847 | 1,992 |
Movement of reserves | 1,252 | (142) | (145) |
Closing balance | 2,957 | 1,705 | 1,847 |
Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income before taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | (15,271) | 10,176 | 392 |
Movement of reserves | 190 | (12,072) | 9,784 |
Reclassification to retained earnings | (13,375) | ||
Closing balance | (15,081) | (15,271) | 10,176 |
Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income deferred taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | 4,125 | (3,304) | (662) |
Movement of reserves | (17) | 3,818 | (2,642) |
Reclassification to retained earnings | 3,611 | ||
Closing balance | 4,108 | 4,125 | (3,304) |
Other reserves, before taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | 13,103 | 16,318 | 14,086 |
Movement of reserves | (985) | 134 | 2,537 |
Reclassification adjustments | (455) | (3,349) | (305) |
Closing balance | 11,663 | 13,103 | 16,318 |
Total reserves, reserves | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | (62,549) | 10,571 | (12,870) |
Movement of reserves | 28,879 | (56,006) | 9,166 |
Reclassification adjustments | (9,912) | (3,739) | 14,275 |
Reclassification to retained earnings | (13,375) | ||
Closing balance | (43,582) | (62,549) | 10,571 |
Total reserves, deferred taxes | |||
Disclosure of Disclosures on equity [Line Items] | |||
Opening balance | 18,394 | (3,139) | (1,353) |
Movement of reserves | (5,937) | 17,922 | (1,786) |
Reclassification to retained earnings | 3,611 | ||
Closing balance | $ 12,457 | $ 18,394 | $ (3,139) |
Disclosures on equity - Other R
Disclosures on equity - Other Reserves (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | $ 11,663 | $ 13,103 | $ 16,318 |
SQM Iberian S.A. | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 9,464 | 9,464 | 9,464 |
SQM Europe NV | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 1,957 | 1,957 | 1,957 |
Soquimich European Holding B.V. | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 828 | 828 | 828 |
Abu Dhabi Fertilizer Industries WWL | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 0 | 455 | 455 |
Kore Potash PLC | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 0 | 0 | 3,414 |
Soquimich Comercial S.A. | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | (401) | 0 | 0 |
SQM Vitas Fzco. | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 85 | (38) | (244) |
Pavoni & C. Spa | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 7 | 7 | 0 |
SQM Iberian S.A. One | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | (1,677) | (1,677) | (1,677) |
Orcoma Estudios SPA | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 2,121 | 2,121 | 2,121 |
SQM Industrial S.A. | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | 0 | 707 | 0 |
Others | |||
Disclosure of Disclosures on equity [Line Items] | |||
Total Other reserves | $ (721) | $ (721) | $ 0 |
Disclosures on equity - Non-con
Disclosures on equity - Non-controlling Interests (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Noncontrolling interests Explanatory [Line Items] | |||
Profit (loss), attributable to non-controlling interests | $ 7,973 | $ 6,751 | $ 3,841 |
Equity, noncontrolling interests | 35,369 | 34,451 | |
Dividends paid to non-controlling interests | $ 7,370 | 12,408 | |
SQM Potasio S.A. | |||
Disclosure Of Noncontrolling interests Explanatory [Line Items] | |||
Proportion of ownership interests held by non-controlling interests | 0% | ||
Profit (loss), attributable to non-controlling interests | $ 0 | 0 | |
Equity, noncontrolling interests | 0 | 0 | |
Dividends paid to non-controlling interests | $ 0 | 0 | |
Ajay SQM Chile S.A. | |||
Disclosure Of Noncontrolling interests Explanatory [Line Items] | |||
Proportion of ownership interests held by non-controlling interests | 4,900,000% | ||
Profit (loss), attributable to non-controlling interests | $ 2,415 | 769 | |
Equity, noncontrolling interests | 8,986 | 8,382 | |
Dividends paid to non-controlling interests | $ 1,812 | 577 | |
Soquimich Comercial S.A. | |||
Disclosure Of Noncontrolling interests Explanatory [Line Items] | |||
Proportion of ownership interests held by non-controlling interests | 3,936,168% | ||
Profit (loss), attributable to non-controlling interests | $ 5,558 | 5,926 | |
Equity, noncontrolling interests | 26,383 | 26,665 | |
Dividends paid to non-controlling interests | $ 5,558 | 11,831 | |
Comercial Agrorama Ltda. | |||
Disclosure Of Noncontrolling interests Explanatory [Line Items] | |||
Proportion of ownership interests held by non-controlling interests | 3,000,000% | ||
Profit (loss), attributable to non-controlling interests | $ 0 | 56 | |
Equity, noncontrolling interests | 0 | (596) | |
Dividends paid to non-controlling interests | $ 0 | 0 | |
SQM Indonesia S.A. | |||
Disclosure Of Noncontrolling interests Explanatory [Line Items] | |||
Proportion of ownership interests held by non-controlling interests | 2,000,000% | ||
Profit (loss), attributable to non-controlling interests | $ 0 | 0 | |
Equity, noncontrolling interests | 0 | 0 | |
Dividends paid to non-controlling interests | $ 0 | 0 | |
SQM Thailand Limited | |||
Disclosure Of Noncontrolling interests Explanatory [Line Items] | |||
Proportion of ownership interests held by non-controlling interests | 0.002% | ||
Profit (loss), attributable to non-controlling interests | $ 0 | 0 | |
Equity, noncontrolling interests | 0 | 0 | |
Dividends paid to non-controlling interests | $ 0 | $ 0 |
Disclosures on equity - Dividen
Disclosures on equity - Dividends Discounted from Equity (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Disclosures on equity [Line Items] | |||
Dividends discounted from equity for the period | $ 2,211,598 | $ 597,861 | $ 159,473 |
Parent | |||
Disclosure of Disclosures on equity [Line Items] | |||
Interim dividend | 2,204,229 | 157,774 | 44,986 |
Special dividend | 0 | 399,998 | 100,000 |
Dividends payable | 0 | 27,681 | 4,369 |
Owners of the Parent | 2,204,229 | 585,453 | 149,355 |
Non-controlling interests | |||
Disclosure of Disclosures on equity [Line Items] | |||
Special dividend | 0 | 5,904 | 5,904 |
Dividends according to policy | 7,369 | 6,504 | 4,214 |
Non-controlling interests | $ 7,369 | $ 12,408 | $ 10,118 |
Disclosures on equity - Narrati
Disclosures on equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||||||
Nov. 21, 2022 | Aug. 17, 2022 | May 18, 2022 | Apr. 26, 2022 | Dec. 22, 2021 | Aug. 18, 2021 | May 19, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Disclosures on equity [Line Items] | |||||||||
Interim dividend per share | $ 3.08056 | $ 1.84914 | $ 2.78716 | $ 1.40037 | $ 0.31439 | $ 0.23797 | |||
Final dividend per share | $ 0.09691 | ||||||||
Minimum percentage required to call ordinary or extraordinary meeting | 50% | ||||||||
Number of consecutive limitation period of series B shares | 50 years | ||||||||
Contractual capital commitments | $ 0 | ||||||||
Final dividend as per policy | |||||||||
Disclosure of Disclosures on equity [Line Items] | |||||||||
Final dividend per share | $ 2.04964 | ||||||||
Minimum | |||||||||
Disclosure of Disclosures on equity [Line Items] | |||||||||
Cash dividend rate | 30% | 30% |
Contingencies and restrictions
Contingencies and restrictions (Details) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||||||||
Oct. 04, 2022 | Sep. 29, 2022 | Jan. 27, 2022 | Jul. 15, 2021 | Jan. 07, 2021 | Oct. 31, 2020 | Apr. 14, 2020 | Mar. 24, 2017 | Aug. 26, 2016 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Aug. 31, 2004 | Aug. 31, 1996 | |
Statement [Line Items] | ||||||||||||||
Lawsuits, domicile of litigation | 19th Civil Court of Santiago | |||||||||||||
Guarantee obligations | $ 717 | |||||||||||||
Environmental loss contingencies component amount | $ 9,000 | |||||||||||||
Mining assets | 60,284 | $ 38,241 | ||||||||||||
Tax contingencies, estimates possible amount | $ 745,300 | |||||||||||||
Third tax and customs court | Tax Period 2012 to 2014 | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Tax Contingencies, Dispute Amount | $ 17,800 | |||||||||||||
Tax contingencies, contested tax | 11,500 | |||||||||||||
Interest and associated fines | $ 6,300 | |||||||||||||
Third tax and customs court | Tax Period 2015 to 2016 | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Tax Contingencies, Dispute Amount | $ 8,600 | |||||||||||||
Tax contingencies, contested tax | 6,900 | |||||||||||||
Interest and associated fines | 400 | |||||||||||||
Tax contingencies, assessed excess tax amount | $ 1,300 | |||||||||||||
Third tax and customs court | Tax Period 2017 to 2018 | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Tax Contingencies, Dispute Amount | $ 63,900 | |||||||||||||
Tax contingencies, contested tax | 30,200 | |||||||||||||
Interest and associated fines | 16,100 | |||||||||||||
Tax contingencies, assessed excess tax amount | $ 17,600 | |||||||||||||
General Water Bureau | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Loss Contingency, Damages Awarded, Value | $ 4,180 | |||||||||||||
Ocaa y Vega Limited | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Loss Contingency, Damages Awarded, Value | $ 377 | |||||||||||||
Soquimich Comercial S.A. | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, damages owed value | 1,050 | |||||||||||||
SQM Salar | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Loss Contingency, Damages Awarded, Value | $ 48,100 | |||||||||||||
Litigation charges | $ 48,100 | |||||||||||||
SQM Salar | Tax Period 2019 | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Tax Contingencies, Dispute Amount | 36,800 | |||||||||||||
Tax contingencies, assessed excess tax amount | $ 9,700 | |||||||||||||
SQM Salar | Non-current tax assets | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Mining assets | $ 127,100 | |||||||||||||
Lawsuit three | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, name of plaintiff | city of Pomona in the state of California | |||||||||||||
Lawsuits, name of defendant | SQM NA | |||||||||||||
Lawsuits, lawsuit filing date | December 2010 | |||||||||||||
Lawsuits, domicile of litigation | US District Court for the Central District of California | |||||||||||||
Lawsuits, allegations | payment of expenses and other values related to treatment of groundwater to make it apt for consumption, which involved the extraction of perchlorate in this water, which allegedly came from Chilean fertilizers | |||||||||||||
Lawsuit four | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, name of plaintiff | the city of Lindsay in California, United States | |||||||||||||
Lawsuits, name of defendant | SQM NA | |||||||||||||
Lawsuits, lawsuit filing date | December 2010 | |||||||||||||
Lawsuits, domicile of litigation | US District Court for the Central District of California | |||||||||||||
Lawsuits, allegations | payment of expenses and other values related to treatment of groundwater to make it apt for consumption, which involved the extraction of perchlorate in this water, which allegedly came from Chilean fertilizers | |||||||||||||
Lawsuit five | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, name of defendant | SQM Nitratos | |||||||||||||
Lawsuits, lawsuit filing date | May 2014 | |||||||||||||
Lawsuits, domicile of litigation | 18th Civil Court of Santiago | |||||||||||||
Lawsuits, allegations | for its alleged extracontractual liability derived from an explosion occurring in 2010 in the vicinity of the town of Baquedano, which caused the death of six workers | |||||||||||||
Lawsuits, litigation status | On May 7, 2019, the 18th Civil Court of Santiago dismissed the claim. The case currently is in the Santiago Court of Appeals, which will make a determination on the motion for appeal and cassation brought about on behalf of the plaintiff. | |||||||||||||
Lawsuits, nominal value | $ 1,200 | |||||||||||||
Lawsuit six | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, name of plaintiff | Transportes Buen Destino S.A. | |||||||||||||
Lawsuits, name of defendant | SQM Salar | |||||||||||||
Lawsuits, lawsuit filing date | January 2018 | |||||||||||||
Lawsuits, domicile of litigation | arbitration claim under CAM rules | |||||||||||||
Lawsuits, allegations | controversies resulting from the execution of transport contracts for lithium brine and transport of salts | |||||||||||||
Lawsuits, litigation status | currently in the evidence stage | |||||||||||||
Lawsuits, nominal value | $ 3,000 | |||||||||||||
Lawsuit seven | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, name of plaintiff | representatives Claudia Nathalie Mix Jiménez, Gael Fernanda Yeomans Araya, Camila Ruzlay Rojas Valderrama | |||||||||||||
Lawsuits, name of defendant | Corfo | |||||||||||||
Lawsuits, lawsuit filing date | September 2018 | |||||||||||||
Lawsuits, allegations | Salar de Atacama Project Contract signed between Corfo and SQM Salar. | |||||||||||||
Lawsuits, litigation status | discussion stage | |||||||||||||
Lawsuit eight | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, name of plaintiff | The Company and FPC Ingeniería y Construcción SpA | |||||||||||||
Lawsuits, lawsuit filing date | May 2019 | |||||||||||||
Lawsuits, allegations | alleged extracontractual liability derived from the traffic accident occurring | |||||||||||||
Lawsuits, litigation status | on March 5, 2018, involving the overturn of a truck owned by FPC and the subsequent death of its two occupants, both employees of FPC. The four children of one of the deceased workers are the plaintiffs in this case and are seeking compensation for moral damages. | |||||||||||||
Lawsuits, nominal value | $ 1,200 | |||||||||||||
Lawsuit nine | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, damages owed value | $ 493 | |||||||||||||
Lawsuit ten | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, name of plaintiff | Sierra Gorda S.C.M | |||||||||||||
Lawsuits, name of defendant | the Company | |||||||||||||
Lawsuits, lawsuit filing date | December 16, 2011 | |||||||||||||
Lawsuits, nominal value | $ 46,000 | |||||||||||||
Interest and associated fines | $ 3,600 | |||||||||||||
Lawsuit fifteen | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Lawsuits, nominal value | $ 542,000 | |||||||||||||
Law Suit One A | Nitratos Naturais do Chile Ltda. | Provision for taxes other than income tax | Appeal pending | Fazoanda Do Estado De Sao Paulo | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Law suits fines penalties and damages payable | $ 492 | |||||||||||||
Law Suit One B | Nitratos Naturais do Chile Ltda. | Provision for taxes other than income tax | Appeal pending | Fazoanda Do Estado De Sao Paulo | ||||||||||||||
Statement [Line Items] | ||||||||||||||
Law suits fines penalties and damages payable | $ 265 |
Gains (losses) from operating_3
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Revenue by Geographic Location (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Revenue | $ 10,710,578 | $ 2,862,315 | $ 1,817,191 |
Specialty plant nutrition | |||
Statement [Line Items] | |||
Revenue | 1,172,334 | 908,815 | 701,688 |
Iodine and derivatives | |||
Statement [Line Items] | |||
Revenue | 754,339 | 437,931 | 334,657 |
Lithium and derivatives | |||
Statement [Line Items] | |||
Revenue | 8,152,939 | 936,121 | 383,373 |
Potassium | |||
Statement [Line Items] | |||
Revenue | 437,180 | 416,592 | 209,294 |
Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 165,200 | 132,011 | 160,608 |
Other | |||
Statement [Line Items] | |||
Revenue | 28,586 | 30,845 | 27,571 |
Chile | |||
Statement [Line Items] | |||
Revenue | 223,148 | 219,648 | 153,745 |
Chile | Specialty plant nutrition | |||
Statement [Line Items] | |||
Revenue | 128,829 | 136,523 | 100,353 |
Chile | Iodine and derivatives | |||
Statement [Line Items] | |||
Revenue | 1,523 | 1,538 | 1,234 |
Chile | Lithium and derivatives | |||
Statement [Line Items] | |||
Revenue | 1,854 | 901 | 399 |
Chile | Potassium | |||
Statement [Line Items] | |||
Revenue | 64,409 | 50,573 | 23,963 |
Chile | Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 1,199 | 4,125 | 4,059 |
Chile | Other | |||
Statement [Line Items] | |||
Revenue | 25,334 | 25,988 | 23,737 |
Latin America and the Caribbean | |||
Statement [Line Items] | |||
Revenue | 339,941 | 326,287 | 159,990 |
Latin America and the Caribbean | Specialty plant nutrition | |||
Statement [Line Items] | |||
Revenue | 125,712 | 88,990 | 69,535 |
Latin America and the Caribbean | Iodine and derivatives | |||
Statement [Line Items] | |||
Revenue | 16,328 | 10,198 | 10,843 |
Latin America and the Caribbean | Lithium and derivatives | |||
Statement [Line Items] | |||
Revenue | 5,275 | 4,905 | 1,597 |
Latin America and the Caribbean | Potassium | |||
Statement [Line Items] | |||
Revenue | 179,621 | 214,304 | 72,697 |
Latin America and the Caribbean | Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 11,820 | 7,367 | 4,951 |
Latin America and the Caribbean | Other | |||
Statement [Line Items] | |||
Revenue | 1,185 | 523 | 367 |
Europe | |||
Statement [Line Items] | |||
Revenue | 932,558 | 482,765 | 380,125 |
Europe | Specialty plant nutrition | |||
Statement [Line Items] | |||
Revenue | 196,930 | 179,744 | 145,896 |
Europe | Iodine and derivatives | |||
Statement [Line Items] | |||
Revenue | 288,854 | 173,329 | 142,161 |
Europe | Lithium and derivatives | |||
Statement [Line Items] | |||
Revenue | 390,832 | 75,674 | 49,719 |
Europe | Potassium | |||
Statement [Line Items] | |||
Revenue | 27,275 | 33,948 | 30,029 |
Europe | Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 27,725 | 18,662 | 11,585 |
Europe | Other | |||
Statement [Line Items] | |||
Revenue | 942 | 1,408 | 735 |
North America | |||
Statement [Line Items] | |||
Revenue | 914,187 | 558,002 | 427,570 |
North America | Specialty plant nutrition | |||
Statement [Line Items] | |||
Revenue | 489,327 | 314,895 | 246,737 |
North America | Iodine and derivatives | |||
Statement [Line Items] | |||
Revenue | 141,683 | 102,746 | 90,292 |
North America | Lithium and derivatives | |||
Statement [Line Items] | |||
Revenue | 151,152 | 50,349 | 25,558 |
North America | Potassium | |||
Statement [Line Items] | |||
Revenue | 71,711 | 57,682 | 39,432 |
North America | Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 59,402 | 29,860 | 23,963 |
North America | Other | |||
Statement [Line Items] | |||
Revenue | 912 | 2,470 | 1,588 |
Asia and Others | |||
Statement [Line Items] | |||
Revenue | 8,300,744 | 1,275,613 | 695,761 |
Asia and Others | Specialty plant nutrition | |||
Statement [Line Items] | |||
Revenue | 231,536 | 188,663 | 139,167 |
Asia and Others | Iodine and derivatives | |||
Statement [Line Items] | |||
Revenue | 305,951 | 150,120 | 90,127 |
Asia and Others | Lithium and derivatives | |||
Statement [Line Items] | |||
Revenue | 7,603,826 | 804,292 | 306,100 |
Asia and Others | Potassium | |||
Statement [Line Items] | |||
Revenue | 94,164 | 60,085 | 43,173 |
Asia and Others | Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 65,054 | 71,997 | 116,050 |
Asia and Others | Other | |||
Statement [Line Items] | |||
Revenue | $ 213 | $ 456 | $ 1,144 |
Gains (losses) from operating_4
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Revenue by Main Products and Service Lines (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Revenue | $ 10,710,578 | $ 2,862,315 | $ 1,817,191 |
Specialty plant nutrition | |||
Statement [Line Items] | |||
Revenue | 1,172,334 | 908,815 | 701,688 |
Sodium Nitrates | |||
Statement [Line Items] | |||
Revenue | 21,294 | 24,829 | 18,291 |
Potassium nitrate and sodium potassium nitrate | |||
Statement [Line Items] | |||
Revenue | 700,081 | 539,336 | 424,041 |
Specialty Blends | |||
Statement [Line Items] | |||
Revenue | 285,027 | 234,369 | 163,033 |
Other specialty fertilizers | |||
Statement [Line Items] | |||
Revenue | 165,932 | 110,281 | 96,323 |
Iodine and derivatives | |||
Statement [Line Items] | |||
Revenue | 754,339 | 437,931 | 334,657 |
Lithium and derivatives | |||
Statement [Line Items] | |||
Revenue | 8,152,939 | 936,121 | 383,373 |
Potassium | |||
Statement [Line Items] | |||
Revenue | 437,180 | 416,592 | 209,294 |
Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 165,200 | 132,011 | 160,608 |
Other | |||
Statement [Line Items] | |||
Revenue | 28,586 | 30,845 | 27,571 |
Services | |||
Statement [Line Items] | |||
Revenue | 3,785 | 3,428 | 3,241 |
Income from property leases | |||
Statement [Line Items] | |||
Revenue | 454 | 1,531 | 1,457 |
Income from subleases on right-of-use assets | |||
Statement [Line Items] | |||
Revenue | 142 | 146 | 176 |
Commodities | |||
Statement [Line Items] | |||
Revenue | 11,838 | 12,468 | 11,938 |
Other ordinary income of Commercial Offices | |||
Statement [Line Items] | |||
Revenue | $ 12,367 | $ 13,272 | $ 10,759 |
Gains (losses) from operating_5
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Cost of Sales by Nature of Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Depreciation of Right-of-use Assets (contracts under IFRS 16) | $ (9,206) | $ (8,706) | |
Expenses related to variable lease payments (contracts under IFRS 16) | (3,631) | (1,313) | $ (1,117) |
Total | (4,973,953) | (1,772,208) | (1,334,321) |
Cost of sales | |||
Statement [Line Items] | |||
Employee benefit expenses | (561,709) | (345,356) | (287,877) |
Raw material and supplies | (308,744) | (211,771) | (178,956) |
Depreciation expense | (218,714) | (195,678) | (182,314) |
Depreciation of Right-of-use Assets (contracts under IFRS 16) | (6,549) | (5,963) | (5,814) |
Amortization expense | (16,413) | (9,737) | (12,938) |
Investment plan expenses | (18,293) | (15,059) | (14,286) |
Provision for materials, spare parts and supplies | (7,099) | (505) | 640 |
Contractors | (194,296) | (157,571) | (142,017) |
Operating leases | (71,420) | (67,106) | (57,461) |
Mining concessions | (14,585) | (7,325) | (6,645) |
Operational transportation | (91,130) | (76,004) | (68,730) |
Freight / product transportation costs | (94,727) | (77,353) | (52,156) |
Purchase of products from third parties | (473,742) | (329,464) | (260,089) |
Insurance | (43,323) | (21,869) | (17,657) |
CORFO right | (3,272,897) | (247,604) | (74,418) |
Export costs | (153,162) | (99,212) | (88,176) |
Expenses related to variable lease payments (contracts under IFRS 16) | (3,631) | (1,313) | (1,117) |
Variation in gross inventory | 631,156 | 85,709 | 102,446 |
Variation in inventory provision | (27,324) | 5,038 | 7,244 |
Others | $ (27,351) | $ 5,935 | $ 6,000 |
Gains (losses) from operating_6
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Other Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Amounts recovered from insurance | $ 210 | ||
Total | $ 9,854 | 19,552 | $ 26,893 |
Other Incomes | |||
Statement [Line Items] | |||
Discounts obtained from suppliers | 1,404 | 896 | 665 |
Fines charged to suppliers | 593 | 83 | 267 |
Taxes recovered | 1,646 | 1,811 | 1,487 |
Amounts recovered from insurance | 86 | 293 | 14,861 |
Overestimate of provisions for third-party obligations | 365 | 287 | 118 |
Sale of assets classified as properties, plant and equipment | 246 | 311 | 1,626 |
Sale of mining rights | 1,126 | 8,796 | 5,852 |
Easements, pipelines and roads | 2,106 | 4,949 | 1,619 |
Refunds for mining patents and notarial expenses | 20 | 198 | 85 |
Others | $ 2,262 | $ 1,928 | $ 313 |
Gains (losses) from operating_7
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Administrative Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Depreciation of right-of-use assets | $ (9,206) | $ (8,706) | |
Total | (142,644) | (118,893) | $ (107,017) |
Administrative expenses | |||
Statement [Line Items] | |||
Employee benefit expenses | (63,713) | (60,552) | (55,152) |
Marketing costs | (5,661) | (2,415) | (2,377) |
Amortization expense | (126) | (118) | (91) |
Entertainment expenses | (5,576) | (4,906) | (4,858) |
Advisory services | (27,235) | (17,332) | (13,880) |
Lease of buildings and facilities | (3,829) | (3,478) | (3,111) |
Insurance | (3,011) | (3,901) | (3,478) |
Office expenses | (8,596) | (6,363) | (6,204) |
Contractors | (7,283) | (5,106) | (5,079) |
Depreciation of right-of-use assets | (2,656) | (2,743) | (2,617) |
Other expenses | $ (14,958) | $ (11,979) | $ (10,170) |
Gains (losses) from operating_8
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Other Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Depreciation and amortization expense | |||
Subtotal | $ (244,458) | $ (214,239) | $ (203,912) |
Impairment (losses) /reversals of impairment losses recognized in profit for the year | |||
Properties, plant and equipment | (8,084) | (5,582) | |
Intangible assets other than goodwill | 34,857 | 478 | |
Other expenses, by nature | |||
Subtotal | (5,192,568) | (1,951,706) | (1,540,950) |
Total | (75,971) | (60,605) | (99,612) |
Other expenses | |||
Depreciation and amortization expense | |||
Depreciation of assets not in use | 0 | 0 | (138) |
Subtotal | 0 | 0 | (138) |
Impairment (losses) /reversals of impairment losses recognized in profit for the year | |||
Properties, plant and equipment | (8,084) | (5,582) | (9,563) |
Intangible assets other than goodwill | (520) | (478) | (1,941) |
Goodwill | (33,629) | 0 | (140) |
Non-current assets and disposal groups held for sale | 0 | 0 | 0 |
Subtotal | (42,233) | (6,060) | (11,644) |
Other expenses, by nature | |||
Legal expenses | (6,841) | (42,254) | (69,965) |
VAT and other unrecoverable taxes | (5,694) | (1,015) | (626) |
Fines paid | (617) | (882) | (314) |
Investment plan expenses | (727) | 1 | (768) |
Exploration expenses | 0 | (284) | (5,262) |
Contributions and donations | (19,096) | (9,037) | (8,793) |
Other operating expenses | (763) | (1,074) | (2,102) |
Subtotal | $ (33,738) | $ (54,545) | $ (87,830) |
Gains (losses) from operating_9
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Other Gains (Losses) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature | |||
Sale of investments in associates | $ 60 | $ 0 | $ (11,830) |
Adjust previous year application method of participation | 0 | 0 | (49) |
Impairment of interests in associates | 1,349 | (2,009) | 7,235 |
Sale of investments in joint ventures | 0 | 0 | (481) |
Others | (1,292) | (629) | (188) |
Total | $ 117 | $ (2,638) | $ (5,313) |
Gains (losses) from operatin_10
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - (Impairment) Reversal of Losses of Financial Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
(Impairment) /reversal of losses of financial assets (See Note 12.2) | $ 3,369 | $ (235) | $ 4,684 |
(Impairment) reversal of losses of financial assets | |||
Statement [Line Items] | |||
(Impairment) /reversal of losses of financial assets (See Note 12.2) | $ 3,369 | $ (235) | $ 4,684 |
Gains (losses) from operatin_11
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Summary of Expenses by Nature (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Depreciation of right-of-use assets | $ (9,206) | $ (8,706) | |
Impairment of properties, plant and equipment, intangible and Goodwill | (34,149) | ||
Operational leases | (1,226) | (1,587) | $ (1,133) |
Expenses related to variable lease payments (contracts under IFRS 16) | (3,631) | (1,313) | (1,117) |
Total expenses by nature | (5,192,568) | (1,951,706) | (1,540,950) |
Other expenses by nature | |||
Statement [Line Items] | |||
Raw materials and consumables | (561,709) | (345,356) | (287,877) |
Employee benefit expenses | (372,457) | (272,323) | (234,108) |
Depreciation expense | (218,714) | (195,678) | (182,452) |
Depreciation of right-of-use assets | (9,205) | (8,706) | (8,431) |
Impairment of properties, plant and equipment, intangible and Goodwill | (42,233) | (6,060) | (11,644) |
Amortization expense | (16,539) | (9,855) | (13,029) |
Legal expenses | (6,841) | (42,254) | (69,965) |
Investment plan expenses | (19,020) | (15,058) | (15,054) |
Exploration expenses | 0 | (284) | (5,262) |
Provision for materials, spare parts and supplies | (7,099) | (505) | 640 |
Contractors | (201,579) | (162,677) | (147,096) |
Operational leases | (75,249) | (70,584) | (60,572) |
Mining concessions | (14,585) | (7,325) | (6,645) |
Operational transportation | (91,130) | (76,004) | (68,730) |
Freight and product transport costs | (94,727) | (77,353) | (52,156) |
Purchase of products from third parties | 473,742 | 329,464 | 260,089 |
CORFO rights y other agreements | (3,272,897) | (247,604) | (74,418) |
Export costs | 153,162 | 99,212 | 88,176 |
Expenses related to variable lease payments (contracts under IFRS 16) | (3,631) | (1,313) | (1,117) |
Insurance | (46,334) | (25,770) | (21,135) |
Consultant and advisor services | (27,235) | (17,332) | (13,880) |
Variation in gross inventory | (631,156) | (85,709) | (102,446) |
Variation in inventory provision | 27,324 | (5,038) | (7,244) |
Other expenses | $ (88,312) | $ (31,736) | $ (29,444) |
Gains (losses) from operatin_12
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Finance Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature | |||
Interest expense from bank borrowings and overdrafts | $ (3,065) | $ (2,664) | $ (2,797) |
Interest expense from bonds | (108,387) | (90,859) | (87,030) |
Interest expense from loans | (2,098) | (1,135) | (1,598) |
Reversal of capitalized interest expenses | 24,708 | 14,206 | 8,462 |
Financial expenses for restoration and rehabilitation provisions | 9,357 | (1,259) | 2,947 |
Interest on lease agreement | (1,226) | (1,587) | (1,133) |
Interest and bank charges | (5,940) | (1,328) | (1,050) |
Total | $ (86,651) | $ (84,626) | $ (82,199) |
Gains (losses) from operatin_13
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature - Finance Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains (losses) from operating activities in the statement of income of expenses, included according to their nature | |||
Interest from term deposits | $ 31,122 | $ 3,635 | $ 10,260 |
Interest from marketable securities | 10,252 | 68 | 2,147 |
Interest from maintenance of minimum bank balance in current account | 6 | 2 | 18 |
Other finance income | 3,318 | 107 | 259 |
Other finance interests | 2,340 | 856 | 1,031 |
Total | $ 47,038 | $ 4,668 | $ 13,715 |
Reportable segments - Operating
Reportable segments - Operating Segment Items (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Revenue | $ 10,710,578 | $ 2,862,315 | $ 1,817,191 |
Cost of sales | (4,973,953) | (1,772,208) | (1,334,321) |
Administrative expenses | (142,644) | (118,893) | (107,017) |
Finance expense | (86,651) | (84,626) | (82,199) |
Depreciation and amortization expense | (244,458) | (214,239) | (203,912) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 20,159 | 11,132 | 8,940 |
Income before taxes | 5,486,496 | 841,221 | 238,538 |
Income tax expense | (1,572,212) | (249,016) | (70,179) |
Net income (loss) | 3,914,284 | 592,205 | 168,359 |
Assets | 10,819,101 | 7,180,201 | 4,818,463 |
Investment accounted for under the equity method | 54,386 | 39,824 | 85,993 |
Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts | 1,757,581 | 152,663 | 358,009 |
Liabilities | 5,887,100 | 3,964,230 | 2,655,885 |
Impairment loss of financial assets recognized in profit or loss | 3,369 | (235) | 4,684 |
Impairment loss of non-financial assets recognized in profit or loss | (42,233) | (6,060) | (11,644) |
Cash flows from operating activities | 4,077,595 | 822,520 | 182,234 |
Cash flows used in investing activities | (909,401) | (1,006,943) | (167,091) |
Cash flows from financing activities | (2,002,969) | 1,206,485 | (94,132) |
Operating Segments | |||
Statement [Line Items] | |||
Revenue | 10,710,578 | 2,862,315 | 1,817,191 |
Cost of sales | (4,973,953) | (1,772,208) | (1,334,321) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (244,458) | (214,239) | (203,912) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 5,736,625 | 1,090,107 | 482,870 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 5,736,625 | 1,090,107 | 482,870 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Unallocated amounts | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | |
Cost of sales | 0 | 0 | 0 |
Administrative expenses | (142,644) | (118,893) | (107,017) |
Finance expense | (86,651) | (84,626) | (82,199) |
Depreciation and amortization expense | 0 | ||
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 20,159 | 11,132 | 8,940 |
Income before taxes | (250,129) | (248,886) | (244,332) |
Income tax expense | (1,572,212) | (249,016) | (70,179) |
Net income (loss) | (1,822,341) | (497,902) | (314,511) |
Assets | 10,819,101 | 7,180,201 | 4,818,463 |
Investment accounted for under the equity method | 54,386 | 39,824 | 85,993 |
Incorporation of non-current assets other than financial instruments, deferred tax assets, net defined benefit assets and rights arising from insurance contracts | 1,757,581 | 152,663 | 358,009 |
Liabilities | 5,887,100 | 3,964,230 | 2,655,885 |
Impairment loss of financial assets recognized in profit or loss | 3,369 | (235) | 4,684 |
Impairment loss of non-financial assets recognized in profit or loss | (42,233) | (6,060) | (11,644) |
Cash flows from operating activities | 4,077,595 | 822,520 | 182,234 |
Cash flows used in investing activities | (909,401) | (1,006,943) | (167,091) |
Cash flows from financing activities | (2,002,969) | 1,206,485 | (94,132) |
Specialty plant nutrients | |||
Statement [Line Items] | |||
Revenue | 1,172,334 | 908,815 | 701,688 |
Cost of sales | (722,261) | (646,930) | (537,801) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (63,321) | (58,808) | (55,335) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 450,073 | 261,885 | 163,887 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 450,073 | 261,885 | 163,887 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Iodine and its derivatives | |||
Statement [Line Items] | |||
Revenue | 754,339 | 437,931 | 334,657 |
Cost of sales | (282,100) | (240,341) | (168,499) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (53,734) | (41,215) | (40,687) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 472,239 | 197,590 | 166,158 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 472,239 | 197,590 | 166,158 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Lithium and its derivatives | |||
Statement [Line Items] | |||
Revenue | 8,152,939 | 936,121 | 383,373 |
Cost of sales | (3,636,852) | (494,794) | (297,048) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (88,510) | (65,014) | (56,092) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 4,516,087 | 441,327 | 86,325 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 4,516,087 | 441,327 | 86,325 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 165,200 | 132,011 | 160,608 |
Cost of sales | (112,247) | (109,067) | (119,092) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (14,724) | (13,743) | (14,136) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 52,953 | 22,944 | 41,516 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 52,953 | 22,944 | 41,516 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Potassium | |||
Statement [Line Items] | |||
Revenue | 437,180 | 416,592 | 209,294 |
Cost of sales | (193,581) | (253,125) | (187,019) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (24,043) | (35,290) | (34,570) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 243,599 | 163,467 | 22,275 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 243,599 | 163,467 | 22,275 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Other products and services | |||
Statement [Line Items] | |||
Revenue | 28,586 | 30,845 | 27,571 |
Cost of sales | (26,912) | (27,951) | (24,862) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (126) | (169) | (3,092) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 1,674 | 2,894 | 2,709 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 1,674 | 2,894 | 2,709 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Reportable segments | |||
Statement [Line Items] | |||
Revenue | 10,710,578 | 2,862,315 | 1,817,191 |
Cost of sales | (4,973,953) | (1,772,208) | (1,334,321) |
Administrative expenses | 0 | 0 | 0 |
Finance expense | 0 | 0 | 0 |
Depreciation and amortization expense | (244,458) | (214,239) | (203,912) |
The entity's interest in the profit or loss of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Income before taxes | 5,736,625 | 1,090,107 | 482,870 |
Income tax expense | 0 | 0 | 0 |
Net income (loss) | 5,736,625 | 1,090,107 | 482,870 |
Cash flows from operating activities | 0 | 0 | 0 |
Cash flows used in investing activities | 0 | 0 | 0 |
Cash flows from financing activities | 0 | 0 | 0 |
Parent | |||
Statement [Line Items] | |||
Revenue | 1,817,191 | ||
Assets | 8,430,376 | 5,988,757 | |
Liabilities | 3,533,744 | 2,807,237 | |
Parent | Operating Segments | |||
Statement [Line Items] | |||
Revenue | 10,710,578 | 2,862,315 | 1,817,191 |
Parent | Unallocated amounts | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Parent | Specialty plant nutrients | |||
Statement [Line Items] | |||
Revenue | 1,172,334 | 908,815 | 701,688 |
Parent | Iodine and its derivatives | |||
Statement [Line Items] | |||
Revenue | 754,339 | 437,931 | 334,657 |
Parent | Lithium and its derivatives | |||
Statement [Line Items] | |||
Revenue | 8,152,939 | 936,121 | 383,373 |
Parent | Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 165,200 | 132,011 | 160,608 |
Parent | Potassium | |||
Statement [Line Items] | |||
Revenue | 437,180 | 416,592 | 209,294 |
Parent | Other products and services | |||
Statement [Line Items] | |||
Revenue | 28,586 | 30,845 | 27,571 |
Parent | Reportable segments | |||
Statement [Line Items] | |||
Revenue | 10,710,578 | 2,862,315 | 1,817,191 |
Other Operating Segment | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Operating Segments | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Unallocated amounts | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Specialty plant nutrients | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Iodine and its derivatives | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Lithium and its derivatives | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Potassium | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Other products and services | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Other Operating Segment | Reportable segments | |||
Statement [Line Items] | |||
Revenue | $ 0 | $ 0 | $ 0 |
Reportable segments - Statement
Reportable segments - Statement of Comprehensive Income by Reportable Segment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Revenue | $ 10,710,578 | $ 2,862,315 | $ 1,817,191 |
Cost of sales | (4,973,953) | (1,772,208) | (1,334,321) |
Gross profit | 5,736,625 | 1,090,107 | 482,870 |
Other incomes by function | 9,854 | 19,552 | 26,893 |
Administrative expenses | (142,644) | (118,893) | (107,017) |
Other expenses by function | (75,971) | (60,605) | (99,612) |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 3,369 | (235) | 4,684 |
Other losses | 117 | (2,638) | (5,313) |
Financial income | 47,038 | 4,668 | 13,715 |
Finance costs | (86,651) | (84,626) | (82,199) |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 20,159 | 11,132 | 8,940 |
Foreign currency loss | (25,400) | (17,241) | (4,423) |
Profit (loss) before taxes | 5,486,496 | 841,221 | 238,538 |
Income tax expense | (1,572,212) | (249,016) | (70,179) |
Profit (loss) net | 3,914,284 | 592,205 | 168,359 |
Specialty plant nutrients | |||
Statement [Line Items] | |||
Revenue | 1,172,334 | 908,815 | 701,688 |
Cost of sales | (722,261) | (646,930) | (537,801) |
Gross profit | 450,073 | 261,885 | 163,887 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 0 | 0 | 0 |
Other losses | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Foreign currency loss | 0 | 0 | 0 |
Profit (loss) before taxes | 450,073 | 261,885 | 163,887 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) net | 450,073 | 261,885 | 163,887 |
Iodine and its derivatives | |||
Statement [Line Items] | |||
Revenue | 754,339 | 437,931 | 334,657 |
Cost of sales | (282,100) | (240,341) | (168,499) |
Gross profit | 472,239 | 197,590 | 166,158 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 0 | 0 | 0 |
Other losses | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Foreign currency loss | 0 | 0 | 0 |
Profit (loss) before taxes | 472,239 | 197,590 | 166,158 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) net | 472,239 | 197,590 | 166,158 |
Lithium and its derivatives | |||
Statement [Line Items] | |||
Revenue | 8,152,939 | 936,121 | 383,373 |
Cost of sales | (3,636,852) | (494,794) | (297,048) |
Gross profit | 4,516,087 | 441,327 | 86,325 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 0 | 0 | 0 |
Other losses | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Foreign currency loss | 0 | 0 | 0 |
Profit (loss) before taxes | 4,516,087 | 441,327 | 86,325 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) net | 4,516,087 | 441,327 | 86,325 |
Industrial chemicals | |||
Statement [Line Items] | |||
Revenue | 165,200 | 132,011 | 160,608 |
Cost of sales | (112,247) | (109,067) | (119,092) |
Gross profit | 52,953 | 22,944 | 41,516 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 0 | 0 | 0 |
Other losses | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Foreign currency loss | 0 | 0 | 0 |
Profit (loss) before taxes | 52,953 | 22,944 | 41,516 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) net | 52,953 | 22,944 | 41,516 |
Potassium | |||
Statement [Line Items] | |||
Revenue | 437,180 | 416,592 | 209,294 |
Cost of sales | (193,581) | (253,125) | (187,019) |
Gross profit | 243,599 | 163,467 | 22,275 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 0 | 0 | 0 |
Other losses | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Foreign currency loss | 0 | 0 | 0 |
Profit (loss) before taxes | 243,599 | 163,467 | 22,275 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) net | 243,599 | 163,467 | 22,275 |
Other products and services | |||
Statement [Line Items] | |||
Revenue | 28,586 | 30,845 | 27,571 |
Cost of sales | (26,912) | (27,951) | (24,862) |
Gross profit | 1,674 | 2,894 | 2,709 |
Other incomes by function | 0 | 0 | 0 |
Administrative expenses | 0 | 0 | 0 |
Other expenses by function | 0 | 0 | 0 |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 0 | 0 | 0 |
Other losses | 0 | 0 | 0 |
Financial income | 0 | 0 | 0 |
Finance costs | 0 | 0 | 0 |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 0 | 0 | 0 |
Foreign currency loss | 0 | 0 | 0 |
Profit (loss) before taxes | 1,674 | 2,894 | 2,709 |
Income tax expense | 0 | 0 | 0 |
Profit (loss) net | 1,674 | 2,894 | 2,709 |
Corporate unit | |||
Statement [Line Items] | |||
Revenue | 0 | 0 | 0 |
Cost of sales | 0 | 0 | 0 |
Gross profit | 0 | 0 | 0 |
Other incomes by function | 9,854 | 19,552 | 26,893 |
Administrative expenses | (142,644) | (118,893) | (107,017) |
Other expenses by function | (75,971) | (60,605) | (99,612) |
Impairment of gains and review of impairment losses (impairment losses) determined in accordance with IFRS 9 | 3,369 | (235) | 4,684 |
Other losses | 117 | (2,638) | (5,313) |
Financial income | 47,038 | 4,668 | 13,715 |
Finance costs | (86,651) | (84,626) | (82,199) |
Interest in the profit (loss) of associates and joint ventures accounted for by the equity method | 20,159 | 11,132 | 8,940 |
Foreign currency loss | (25,400) | (17,241) | (4,423) |
Profit (loss) before taxes | (250,129) | (248,886) | (244,332) |
Income tax expense | (1,572,212) | (249,016) | (70,179) |
Profit (loss) net | $ (1,822,341) | $ (497,902) | $ (314,511) |
Reportable segments - Segments
Reportable segments - Segments by Geographical Areas (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | |||
Revenue | $ 10,710,578 | $ 2,862,315 | $ 1,817,191 |
Investment accounted for under the equity method | 54,386 | 39,824 | 85,993 |
Intangible assets other than goodwill | 166,336 | 179,658 | 178,407 |
Goodwill | 967 | 34,596 | 41,966 |
Property, plant and equipment, net | 2,726,838 | 2,012,225 | 1,737,319 |
Right-of-use assets | 60,867 | 52,608 | 30,024 |
Other non-current assets | 52,396 | 33,487 | 22,042 |
Non-current assets | 3,061,790 | 2,352,398 | 2,095,751 |
Chile | |||
Statement [Line Items] | |||
Revenue | 223,148 | 219,648 | 153,745 |
Investment accounted for under the equity method | 0 | 0 | 0 |
Intangible assets other than goodwill | 75,666 | 89,019 | 95,934 |
Goodwill | 0 | 22,979 | 23,065 |
Property, plant and equipment, net | 2,269,923 | 1,815,997 | 1,667,824 |
Right-of-use assets | 32,312 | 29,803 | 23,461 |
Other non-current assets | 46,640 | 27,626 | 19,377 |
Non-current assets | 2,424,541 | 1,985,424 | 1,829,661 |
Latin America and the Caribbean | |||
Statement [Line Items] | |||
Revenue | 339,940 | 326,287 | 159,990 |
Investment accounted for under the equity method | 20,792 | 8,683 | 0 |
Intangible assets other than goodwill | 428 | 496 | 565 |
Goodwill | 86 | 86 | 0 |
Property, plant and equipment, net | 743 | 671 | 642 |
Right-of-use assets | 47 | 68 | 2,298 |
Other non-current assets | 17 | 16 | 17 |
Non-current assets | 22,113 | 10,020 | 3,522 |
Europe | |||
Statement [Line Items] | |||
Revenue | 932,558 | 482,765 | 380,126 |
Investment accounted for under the equity method | 15,939 | 15,242 | 41,273 |
Intangible assets other than goodwill | 6,497 | 6,996 | 825 |
Goodwill | 158 | 11,531 | 18,901 |
Property, plant and equipment, net | 14,978 | 11,380 | 12,592 |
Right-of-use assets | 1,651 | 2,040 | 2,428 |
Other non-current assets | 6 | 6 | 7 |
Non-current assets | 39,229 | 47,195 | 76,026 |
North America | |||
Statement [Line Items] | |||
Revenue | 914,187 | 558,002 | 427,572 |
Investment accounted for under the equity method | 17,655 | 15,899 | 14,468 |
Intangible assets other than goodwill | 1,345 | 1,809 | 2,274 |
Goodwill | 723 | 0 | 0 |
Property, plant and equipment, net | 4,506 | 3,704 | 3,494 |
Right-of-use assets | 2,739 | 3,351 | 1,776 |
Other non-current assets | 4,706 | 3,950 | 2,641 |
Non-current assets | 31,674 | 28,713 | 24,653 |
Asia and others | |||
Statement [Line Items] | |||
Revenue | 8,300,745 | 1,275,613 | 695,758 |
Investment accounted for under the equity method | 0 | 0 | 30,252 |
Intangible assets other than goodwill | 82,400 | 81,338 | 78,809 |
Goodwill | 0 | 0 | 0 |
Property, plant and equipment, net | 436,688 | 180,473 | 52,767 |
Right-of-use assets | 24,118 | 17,346 | 61 |
Other non-current assets | 1,027 | 1,889 | 0 |
Non-current assets | $ 544,233 | $ 281,046 | $ 161,889 |
Effect of fluctuations in for_3
Effect of fluctuations in foreign currency exchange rates - (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | $ (8,042) | $ (7,913) | $ (11,569) |
Comercial Hydro S.A. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | 1,004 | 1,004 | 1,004 |
SQMC Internacional Ltda. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (9) | (9) | (9) |
Proinsa Ltda. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (10) | (10) | (10) |
Comercial Agrorama Ltda. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | 175 | 155 | (19) |
Isapre Norte Grande Ltda. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (130) | (121) | (14) |
Almacenes y Depsitos Ltda. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | 568 | 305 | 211 |
Sacal S.A. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (3) | (3) | (3) |
Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (38) | (36) | (13) |
Argrorama S.A. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | 666 | 628 | 92 |
SQM Vitas Fzco. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (3,614) | (4,165) | (3,736) |
Ajay Europe | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (1,911) | (1,413) | (693) |
SQM Oceana Pty Ltd. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (579) | (579) | (579) |
SQM Indonesia S.A. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (124) | (124) | (124) |
Abu Dhabi Fertillizers Industries WWL. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | 0 | 372 | 372 |
SQM Holland B.V. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | 99 | 99 | 99 |
SQM Thailand Limited | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (68) | (68) | (68) |
SQM Europe | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (1,983) | (1,983) | (1,983) |
SQM Australia Pty Ltd. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (1,642) | (1,732) | (4,052) |
Pavoni & C. Spa | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | (363) | (153) | 164 |
Kore Potash PLC | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | 0 | 0 | (2,128) |
SQM Colombia S.A.S. | |||
Changes in equity [abstract] | |||
Reserve for currency exchange conversion | $ (80) | $ (80) | $ (80) |
Disclosures on the effects of_3
Disclosures on the effects of fluctuations in foreign currency exchange rates - Assets Subject to Fluctuations in Exchange Rates (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | $ 10,819,101 | $ 7,180,204 |
Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 6,991,509 | 4,586,098 |
Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 3,827,592 | 2,594,106 |
Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 2,655,236 | 1,515,051 |
Other current financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 961,355 | 919,049 |
Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 196,335 | 69,870 |
Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 1,087,420 | 654,073 |
Receivables from related parties | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 81,622 | 86,152 |
Current inventories | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 1,784,281 | 1,183,776 |
Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 224,914 | 157,545 |
Non-current assets or groups of assets classified as held for sale | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 346 | 582 |
Other non-current non-financial assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 52,396 | 33,487 |
Other receivables, non-current | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 2,091 | 6,172 |
Investments classified using the equity method of accounting | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 54,386 | 39,824 |
Intangible assets other than goodwill | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 166,336 | 179,658 |
Purchases goodwill, gross | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 967 | 34,596 |
Property, plant and equipment | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 2,726,838 | 2,012,225 |
Right-of-use assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 60,867 | 52,608 |
Non-current tax assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 127,114 | 90,364 |
Deferred tax assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | 604,471 | 135,904 |
Other non-current financial assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | $ 32,126 | 9,268 |
USD | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 1,637,507 | 1,377,983 |
USD | Other current financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 722,165 | 668,360 |
USD | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 35,237 | 18,486 |
USD | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 788,596 | 400,753 |
USD | Receivables from related parties | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 79,331 | 83,088 |
USD | Current inventories | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 1,784,281 | 1,183,776 |
USD | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 127,068 | 154,709 |
USD | Non-current assets or groups of assets classified as held for sale | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 346 | 582 |
USD | Other non-current non-financial assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 52,396 | 33,487 |
USD | Other receivables, non-current | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 713 | 5,239 |
USD | Investments classified using the equity method of accounting | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 22,959 | 20,526 |
USD | Intangible assets other than goodwill | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 166,336 | 179,658 |
USD | Purchases goodwill, gross | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 967 | 34,596 |
USD | Property, plant and equipment | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 2,726,838 | 2,012,225 |
USD | Right-of-use assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 60,867 | 52,608 |
USD | Non-current tax assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 127,114 | 90,364 |
USD | Deferred tax assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 604,471 | 135,904 |
USD | Other non-current financial assets | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Assets held in foreign currency | $ 32,126 | 9,268 |
BRL | Other current financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Assets held in foreign currency | $ 39 | 48 |
BRL | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | BRL | |
Assets held in foreign currency | $ 22 | 21 |
BRL | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | BRL | |
Assets held in foreign currency | $ 1 | 1 |
CLF | Other current financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | BRL | |
CLF | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Assets held in foreign currency | $ 85,608 | 27,536 |
CLF | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | |
Assets held in foreign currency | $ 550 | 459 |
CLF | Other receivables, non-current | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | |
Assets held in foreign currency | $ 77 | 86 |
CLP | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Assets held in foreign currency | $ 806,106 | 4,416 |
CLP | Other current financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Assets held in foreign currency | $ 239,151 | 250,641 |
CLP | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | |
Assets held in foreign currency | $ 259 | 150 |
CLP | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Assets held in foreign currency | $ 58,412 | 43,496 |
CLP | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Assets held in foreign currency | $ 2,125 | 1,727 |
CLP | Other receivables, non-current | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Assets held in foreign currency | $ 1,213 | 821 |
CNY | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CNY | |
Assets held in foreign currency | $ 92,394 | 30,102 |
CNY | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CNY | |
Assets held in foreign currency | $ 56,404 | 5,213 |
CNY | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CNY | |
Assets held in foreign currency | $ 161,492 | 108,822 |
EUR | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Assets held in foreign currency | $ 14,963 | 14,374 |
EUR | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Assets held in foreign currency | $ 36,318 | 35,514 |
EUR | Receivables from related parties | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Assets held in foreign currency | $ 1,250 | 1,150 |
EUR | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Assets held in foreign currency | $ 14,042 | 171 |
EUR | Investments classified using the equity method of accounting | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Assets held in foreign currency | $ 11,830 | 11,419 |
GBP | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | GBP | |
Assets held in foreign currency | $ 1 | 1 |
GBP | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Assets held in foreign currency | $ 1,046 | 1,050 |
GBP | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | GBP | |
Assets held in foreign currency | $ 76 | 46 |
AUD | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AUD | |
Assets held in foreign currency | $ 89,602 | 72,107 |
AUD | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AUD | |
Assets held in foreign currency | $ 9,516 | 11,066 |
AUD | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AUD | |
Assets held in foreign currency | $ 1,708 | 1,214 |
AUD | Receivables from related parties | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AUD | |
Assets held in foreign currency | $ 1,041 | 1,914 |
INR | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | INR | |
MXN | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Assets held in foreign currency | $ 1,406 | 1,827 |
MXN | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Assets held in foreign currency | $ 4,685 | 6,092 |
MXN | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Assets held in foreign currency | $ 889 | 237 |
MXN | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Assets held in foreign currency | $ 59 | 31 |
MXN | Other receivables, non-current | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Assets held in foreign currency | $ 88 | 26 |
PEN | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | PEN | |
Assets held in foreign currency | 6 | |
PEN | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | PEN | |
PEN | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | PEN | |
Assets held in foreign currency | 3 | |
YEN | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | JPY | |
Assets held in foreign currency | $ 686 | 1,182 |
YEN | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | JPY | |
Assets held in foreign currency | $ 158 | 73 |
YEN | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | JPY | |
Assets held in foreign currency | $ 129 | 36,000 |
ZAR | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | ZAR | |
Assets held in foreign currency | $ 11,647 | 13,048 |
ZAR | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | ZAR | |
Assets held in foreign currency | $ 3,203 | 42 |
ZAR | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | ZAR | |
Assets held in foreign currency | $ 33,361 | 23,568 |
ZAR | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | ZAR | |
Assets held in foreign currency | $ 28 | 13 |
Colombia, Pesos | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | COP | |
Assets held in foreign currency | $ 217 | 153 |
Colombia, Pesos | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | COP | |
Assets held in foreign currency | $ 2,751 | 2,055 |
Colombia, Pesos | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | COP | |
Assets held in foreign currency | $ 1,481 | 887 |
Thailand, Baht | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | THB | |
Assets held in foreign currency | $ 2 | 8 |
Thailand, Baht | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | KRW | |
Assets held in foreign currency | $ 2,713 | |
AED | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AED | |
Assets held in foreign currency | $ 2 | 1 |
AED | Trade and other receivables | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AED | |
Assets held in foreign currency | $ 3,116 | 1,888 |
AED | Investments classified using the equity method of accounting | Non-current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AED | |
Assets held in foreign currency | $ 19,597 | 7,879 |
IDR | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | IDR | |
Assets held in foreign currency | $ 3 | 3 |
KRW | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | KRW | |
Assets held in foreign currency | $ 918 | |
PLN | Cash and cash equivalents | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | PLN | |
Assets held in foreign currency | $ 1 | 1 |
SEK | Other current non-financial assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | SEK | |
Assets held in foreign currency | 1 | |
JPY | Current tax assets | Current assets | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | JPY | |
Assets held in foreign currency | $ 77,397 | $ 3 |
Disclosures on the effects of_4
Disclosures on the effects of fluctuations in foreign currency exchange rates - Liabilities Subject to Fluctuations in Exchange Rates (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 5,887,100 | $ 3,964,230 |
Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 3,051,547 | 991,709 |
Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 2,835,553 | 2,972,521 |
Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 522,999 | 51,305 |
Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,303,146 | 317,666 |
Deferred tax liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 289,825 | 246,320 |
Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 12,149 | 7,704 |
Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 374,789 | 279,650 |
Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 356,611 | 166,935 |
Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 58,053 | 61,038 |
Provisions for employee benefits, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 26,775 | |
Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 35,376 | |
Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 446,477 | 141,674 |
Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 2,394,218 | 2,587,732 |
Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 49,585 | 46,519 |
Non-current Trade and other payables | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 3,813 | |
Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 43,872 | 27,099 |
Up to 90 days | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 2,249,142 | 523,989 |
Up to 90 days | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 140,746 | 46,778 |
Up to 90 days | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,300,878 | 54,334 |
Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 374,115 | 278,590 |
Up to 90 days | Provisions for employee benefits, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 26,745 | 14,727 |
Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 406,658 | 129,560 |
Later than three months and not later than one year | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 802,405 | 467,720 |
Later than three months and not later than one year | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 382,253 | 4,527 |
Later than three months and not later than one year | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 2,268 | 263,332 |
Later than three months and not later than one year | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 12,149 | 7,704 |
Later than three months and not later than one year | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 674 | 1,060 |
Later than three months and not later than one year | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 356,611 | 166,935 |
Later than three months and not later than one year | Provisions for employee benefits, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 8,631 | 12,048 |
Later than three months and not later than one year | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 39,819 | 12,114 |
Over 1 year to 2 years | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 34,866 | 396,545 |
Over 1 year to 2 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 369,446 | |
Over 1 year to 2 years | Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 34,866 | 27,099 |
Over 2 year to 3 years | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 504,560 | 224,488 |
Over 2 year to 3 years | Deferred tax liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 289,825 | 136,823 |
Over 2 year to 3 years | Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 3,648 | 4,257 |
Over 2 year to 3 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 197,521 | 72,900 |
Over 2 year to 3 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 13,566 | 6,695 |
Over 2 year to 3 years | Non-current Trade and other payables | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 3,813 | |
Over 3 year to 4 years | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 249,531 | 249,097 |
Over 3 year to 4 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 249,531 | 249,097 |
Over 4 year to 5 years | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 62,219 | 70,841 |
Over 4 year to 5 years | Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 26,200 | 31,017 |
Over 4 year to 5 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 36,019 | 39,824 |
Over 5 years | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,984,377 | 2,031,550 |
Over 5 years | Deferred tax liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 109,497 | |
Over 5 years | Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 28,205 | 25,764 |
Over 5 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,947,166 | 1,896,289 |
Over 5 years | Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 9,006 | |
USD | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Liabilities held in foreign currencies | $ 502,574 | 32,753 |
USD | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Liabilities held in foreign currencies | $ 1,302,929 | $ 317,466 |
USD | Deferred tax liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | USD |
Liabilities held in foreign currencies | $ 289,825 | $ 246,320 |
USD | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Liabilities held in foreign currencies | $ 6,549 | 4,625 |
USD | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Liabilities held in foreign currencies | $ 121,370 | 98,994 |
USD | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Liabilities held in foreign currencies | $ 348,658 | $ 149,997 |
USD | Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | USD |
Liabilities held in foreign currencies | $ 58,053 | $ 61,038 |
USD | Provisions for employee benefits, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Liabilities held in foreign currencies | $ 34,498 | 26,117 |
USD | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | |
Liabilities held in foreign currencies | $ 393,499 | $ 108,236 |
USD | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | USD |
Liabilities held in foreign currencies | $ 1,991,706 | $ 2,214,916 |
USD | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | USD |
Liabilities held in foreign currencies | $ 36,066 | $ 29,869 |
USD | Non-current Trade and other payables | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | USD |
Liabilities held in foreign currencies | $ 3,813 | |
USD | Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | USD | USD |
Liabilities held in foreign currencies | $ 43,332 | $ 26,710 |
USD | Up to 90 days | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 120,652 | 28,519 |
USD | Up to 90 days | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,300,878 | 54,134 |
USD | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 121,260 | 98,918 |
USD | Up to 90 days | Provisions for employee benefits, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 25,867 | 14,341 |
USD | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 393,401 | 99,643 |
USD | Later than three months and not later than one year | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 381,922 | 4,234 |
USD | Later than three months and not later than one year | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 2,051 | 263,332 |
USD | Later than three months and not later than one year | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 6,549 | 4,625 |
USD | Later than three months and not later than one year | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 110 | 76 |
USD | Later than three months and not later than one year | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 348,658 | 149,997 |
USD | Later than three months and not later than one year | Provisions for employee benefits, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 8,631 | 11,776 |
USD | Later than three months and not later than one year | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 98 | 8,593 |
USD | Over 1 year to 2 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 369,446 | |
USD | Over 1 year to 2 years | Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 34,326 | 26,710 |
USD | Over 2 year to 3 years | Deferred tax liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 289,825 | 136,823 |
USD | Over 2 year to 3 years | Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 3,648 | 4,257 |
USD | Over 2 year to 3 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 197,521 | 72,900 |
USD | Over 2 year to 3 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 13,566 | 6,695 |
USD | Over 2 year to 3 years | Non-current Trade and other payables | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 3,813 | |
USD | Over 3 year to 4 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 249,531 | 249,097 |
USD | Over 4 year to 5 years | Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 26,200 | 31,017 |
USD | Over 4 year to 5 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 22,500 | 23,174 |
USD | Over 5 years | Deferred tax liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 109,497 | |
USD | Over 5 years | Other non-current provisions | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 28,205 | 25,764 |
USD | Over 5 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,544,654 | 1,523,473 |
USD | Over 5 years | Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 9,006 | |
CLF | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | |
Liabilities held in foreign currencies | $ 20,425 | 18,552 |
CLF | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | |
Liabilities held in foreign currencies | $ 2,331 | 2,263 |
CLF | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | |
Liabilities held in foreign currencies | $ 2,618 | $ 1,330 |
CLF | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | CLF |
Liabilities held in foreign currencies | $ 402,512 | $ 372,816 |
CLF | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLF | CLF |
Liabilities held in foreign currencies | $ 10,982 | $ 13,313 |
CLF | Up to 90 days | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 20,094 | 18,259 |
CLF | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 2,618 | 1,330 |
CLF | Later than three months and not later than one year | Other current financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 331 | 293 |
CLF | Later than three months and not later than one year | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 2,331 | 2,263 |
CLF | Over 4 year to 5 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 10,982 | 13,313 |
CLF | Over 5 years | Other non current financial liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 402,512 | 372,816 |
CLP | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Liabilities held in foreign currencies | $ 162,470 | 115,504 |
CLP | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Liabilities held in foreign currencies | $ 999 | 12 |
CLP | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Liabilities held in foreign currencies | $ 47,737 | $ 9,283 |
CLP | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Liabilities held in foreign currencies | $ 23 | |
CLP | Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | CLP |
Liabilities held in foreign currencies | $ 540 | $ 389 |
CLP | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 162,470 | 115,504 |
CLP | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 8,281 | 6,342 |
CLP | Later than three months and not later than one year | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 999 | 12 |
CLP | Later than three months and not later than one year | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 39,456 | 2,941 |
CLP | Over 1 year to 2 years | Provisions for employee benefits, non-current | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 540 | 389 |
CLP | Over 4 year to 5 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 23 | |
BRL | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CLP | |
Liabilities held in foreign currencies | $ 217 | 200 |
BRL | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | BRL | |
Liabilities held in foreign currencies | $ 10 | 5 |
BRL | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | BRL | |
Liabilities held in foreign currencies | $ 1 | 1 |
BRL | Up to 90 days | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 200 | |
BRL | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 10 | 5 |
BRL | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1 | 1 |
BRL | Later than three months and not later than one year | Other current provisions | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 217 | |
THB | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | THB | |
Liabilities held in foreign currencies | $ 4 | 2 |
THB | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 4 | 2 |
EUR | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Liabilities held in foreign currencies | $ 387 | 382 |
EUR | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Liabilities held in foreign currencies | $ 56,682 | 42,226 |
EUR | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Liabilities held in foreign currencies | $ 1,386 | 5,547 |
EUR | Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Liabilities held in foreign currencies | $ 385 | 214 |
EUR | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | |
Liabilities held in foreign currencies | $ 1,814 | 1,704 |
EUR | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 56,118 | 41,242 |
EUR | Up to 90 days | Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 385 | 214 |
EUR | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,564 | 1,281 |
EUR | Later than three months and not later than one year | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 387 | 382 |
EUR | Later than three months and not later than one year | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 564 | 984 |
EUR | Later than three months and not later than one year | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,386 | 5,547 |
EUR | Later than three months and not later than one year | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 250 | 423 |
GBP | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | GBP | |
Liabilities held in foreign currencies | $ 18 | 18 |
GBP | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 18 | 18 |
INR | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | INR | |
Liabilities held in foreign currencies | 1 | |
INR | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1 | |
MXN | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Liabilities held in foreign currencies | $ 436 | 434 |
MXN | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Liabilities held in foreign currencies | $ 802 | 881 |
MXN | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Liabilities held in foreign currencies | $ 5,568 | 1,841 |
MXN | Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Liabilities held in foreign currencies | $ 103 | 172 |
MXN | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | |
Liabilities held in foreign currencies | $ 739 | $ 562 |
MXN | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | MXN | MXN |
Liabilities held in foreign currencies | $ 1,094 | $ 1,530 |
MXN | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 802 | 881 |
MXN | Up to 90 days | Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 103 | 172 |
MXN | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 725 | 562 |
MXN | Later than three months and not later than one year | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 436 | 434 |
MXN | Later than three months and not later than one year | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 5,568 | 1,841 |
MXN | Later than three months and not later than one year | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 14 | |
MXN | Over 4 year to 5 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 1,094 | 1,530 |
PEN | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | PEN | |
Liabilities held in foreign currencies | 1 | |
PEN | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | PEN | |
Liabilities held in foreign currencies | 70 | |
PEN | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1 | |
PEN | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 70 | |
ARS | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | ARS | |
Liabilities held in foreign currencies | $ 26 | |
ARS | Provisions for employee benefits, non-current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 47 | |
ARS | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 26 | |
ARS | Up to 90 days | Provisions for employee benefits, non-current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 47 | |
JPY | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | JPY | |
Liabilities held in foreign currencies | 99 | |
JPY | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | JPY | |
Liabilities held in foreign currencies | $ 47 | $ 32 |
JPY | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | EUR | JPY |
Liabilities held in foreign currencies | $ 1,420 | $ 1,807 |
JPY | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 99 | |
JPY | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 47 | 32 |
JPY | Over 4 year to 5 years | Non-current lease liabilities | Non-current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 1,420 | 1,807 |
CNY | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CNY | |
Liabilities held in foreign currencies | $ 4,757 | 3,198 |
CNY | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CNY | |
Liabilities held in foreign currencies | 9,538 | |
CNY | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CNY | |
Liabilities held in foreign currencies | $ 92 | 20,736 |
CNY | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 4,757 | 3,198 |
CNY | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 92 | 20,736 |
CNY | Later than three months and not later than one year | Current tax liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 9,538 | |
COP | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | COP | |
Liabilities held in foreign currencies | $ 115 | 227 |
COP | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | COP | |
Liabilities held in foreign currencies | $ 250 | 157 |
COP | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 115 | 227 |
COP | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 250 | |
COP | Later than three months and not later than one year | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 157 | |
ZAR | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | ZAR | |
Liabilities held in foreign currencies | $ 1,256 | 1,288 |
ZAR | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | ZAR | |
Liabilities held in foreign currencies | $ 1 | 846 |
ZAR | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 1,256 | 1,288 |
ZAR | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 846 | |
ZAR | Later than three months and not later than one year | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 1 | |
AUD | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AUD | |
Liabilities held in foreign currencies | $ 2,446 | |
AUD | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AUD | |
Liabilities held in foreign currencies | $ 24,394 | 15,876 |
AUD | Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AUD | |
Liabilities held in foreign currencies | $ 390 | 272 |
AUD | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 24,394 | 15,876 |
AUD | Up to 90 days | Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 390 | |
AUD | Later than three months and not later than one year | Lease liabilities, current | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 2,446 | |
AUD | Later than three months and not later than one year | Provisions for employee benefits, current | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 272 | |
AED | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | AED | |
Liabilities held in foreign currencies | $ 72 | |
AED | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 72 | |
CHF | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | CHF | |
Liabilities held in foreign currencies | $ 32 | |
CHF | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 32 | |
KRW | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | KRW | |
Liabilities held in foreign currencies | $ 189 | |
KRW | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Currency | KRW | |
Liabilities held in foreign currencies | $ 2,271 | |
KRW | Up to 90 days | Trade and other payables | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | 189 | |
KRW | Up to 90 days | Other current non-financial liabilities | Current liabilities | ||
Disclosure of Disclosures on the effects of fluctuations in foreign currency exchange rates [Line Items] | ||
Liabilities held in foreign currencies | $ 2,271 |
Disclosures on the effects of_5
Disclosures on the effects of fluctuations in foreign currency exchange rates - Foreign Currency Exchange Rate Changes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosures on the effects of fluctuations in foreign currency exchange rates | |||
Foreign currency loss | $ (25,400) | $ (17,241) | $ (4,423) |
Foreign currency translation reserve | (255) | 4,240 | 14,000 |
Total | $ (25,655) | $ (13,001) | $ 9,577 |
Income tax and deferred taxes -
Income tax and deferred taxes - Current and Non-Current Tax Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Statement [Line Items] | ||
Current tax assets, current | $ 224,914 | $ 157,542 |
Current tax assets, non-current | 127,114 | 90,364 |
Monthly provisional income tax payments, Chilean companies | ||
Statement [Line Items] | ||
Current tax assets, current | 894 | 435 |
Monthly provisional income tax payments, foreign companies | ||
Statement [Line Items] | ||
Current tax assets, current | 96,906 | 62 |
Corporate tax credits | ||
Statement [Line Items] | ||
Current tax assets, current | 653 | 674 |
1st category tax absorbed by tax losses | ||
Statement [Line Items] | ||
Current tax assets, current | 169 | 26,848 |
Taxes in recovery process | ||
Statement [Line Items] | ||
Current tax assets, current | 126,292 | 129,523 |
Total tax paid at SQM Salar | ||
Statement [Line Items] | ||
Current tax assets, non-current | $ 127,114 | $ 90,364 |
Income tax and deferred taxes_2
Income tax and deferred taxes - Current Tax Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Statement [Line Items] | ||
Current tax liabilities, current | $ 356,611 | $ 166,935 |
1st Category income tax | ||
Statement [Line Items] | ||
Current tax liabilities, current | 337,245 | 139,842 |
Foreign company income tax | ||
Statement [Line Items] | ||
Current tax liabilities, current | $ 19,366 | 27,055 |
Article 21 single tax | ||
Statement [Line Items] | ||
Current tax liabilities, current | $ 38 |
Income tax and deferred taxes_3
Income tax and deferred taxes - Tax Rate within Main Countries the Company Operates (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 27% | 27% | 27% |
Vat tax rate | 12% | ||
Spain | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 25% | 25% | |
Belgium | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 25% | 25% | |
Mexico | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 30% | 30% | |
United States | Maximum | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 3.51% | 3.51% | |
United States | Minimum | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 21% | 21% | |
South Africa | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 28% | 28% | |
Korea | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 25% | 25% | |
China | Maximum | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 12% | 12% | |
China | Minimum | |||
Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 25% | 25% |
Income tax and deferred taxes_4
Income tax and deferred taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Statement [Line Items] | |||
Deferred tax assets | $ 604,471 | $ 135,904 | |
Deferred tax liabilities | (289,825) | (246,320) | |
Total | 314,646 | (110,416) | $ (156,101) |
Unrealized loss | |||
Statement [Line Items] | |||
Deferred tax assets | 655,695 | 144,181 | |
Deferred tax liabilities | 0 | ||
Total | 655,695 | 144,181 | 90,585 |
Property, plant and equipment and capitalized interest | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | 0 | |
Deferred tax liabilities | (244,560) | (189,073) | |
Total | (244,560) | (189,073) | (187,168) |
Restoration and rehabilitation provision | |||
Statement [Line Items] | |||
Deferred tax assets | 4,685 | 6,567 | |
Deferred tax liabilities | 0 | 0 | |
Total | 4,685 | 6,567 | |
Manufacturing expenses | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | 0 | |
Deferred tax liabilities | (139,383) | (108,181) | |
Total | (139,383) | (108,181) | (107,215) |
Employee benefits and unemployment insurance | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | 0 | |
Deferred tax liabilities | (8,995) | (7,485) | |
Total | (8,995) | (7,486) | (6,669) |
Vacation accrual | |||
Statement [Line Items] | |||
Deferred tax assets | 7,650 | 6,039 | |
Deferred tax liabilities | 0 | 0 | |
Total | 7,650 | 6,039 | 6,138 |
Inventory provision | |||
Statement [Line Items] | |||
Deferred tax assets | 27,512 | 20,557 | |
Deferred tax liabilities | 0 | 0 | |
Total | 27,512 | 20,557 | 22,200 |
Materials provision | |||
Statement [Line Items] | |||
Deferred tax assets | 11,915 | 10,554 | |
Deferred tax liabilities | 0 | 0 | |
Total | 11,915 | 10,554 | 8,812 |
Others employee benefits | |||
Statement [Line Items] | |||
Deferred tax assets | 1,177 | 929 | |
Deferred tax liabilities | 0 | 0 | |
Research and development expenses | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | 0 | |
Deferred tax liabilities | (12,294) | (5,387) | |
Total | (12,294) | (5,387) | (3,581) |
Bad debt provision | |||
Statement [Line Items] | |||
Deferred tax assets | 715 | 2,708 | |
Deferred tax liabilities | 0 | 0 | |
Total | 715 | 2,708 | 5,072 |
Provision for legal complaints and expenses | |||
Statement [Line Items] | |||
Deferred tax assets | 6,827 | 334 | |
Deferred tax liabilities | 0 | 0 | |
Total | 6,827 | 334 | 19,637 |
Loan approval expenses | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | ||
Deferred tax liabilities | (8,793) | ||
Total | (8,793) | (8,967) | (5,212) |
Junior mining companies valued based on stock price | |||
Statement [Line Items] | |||
Deferred tax assets | 5,226 | ||
Deferred tax liabilities | 0 | ||
Total | 5,226 | 5,243 | (3,929) |
Royality | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | ||
Deferred tax liabilities | (5,799) | ||
Total | (5,799) | (4,545) | (3,012) |
Loan acquisition expenses | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | ||
Deferred tax liabilities | (8,967) | ||
Financial instruments recorded at market value | |||
Statement [Line Items] | |||
Deferred tax assets | 5,242 | ||
Deferred tax liabilities | 0 | ||
Specific tax on mining activity | |||
Statement [Line Items] | |||
Deferred tax assets | 0 | ||
Deferred tax liabilities | (4,545) | ||
Tax loss benefit | |||
Statement [Line Items] | |||
Deferred tax assets | 10,059 | 7,113 | |
Deferred tax liabilities | 0 | 0 | |
Total | 8,615 | 7,113 | 844 |
Other | |||
Statement [Line Items] | |||
Deferred tax assets | 2,913 | 8,862 | |
Deferred tax liabilities | 0 | 0 | |
Total | 16,049 | 8,862 | 1,454 |
Foreign items (other) | |||
Statement [Line Items] | |||
Deferred tax assets | 96 | 136 | |
Deferred tax liabilities | 0 | ||
Total | (11,596) | 136 | $ (654) |
Balances to date | |||
Statement [Line Items] | |||
Deferred tax assets | 734,470 | 213,222 | |
Deferred tax liabilities | $ (419,824) | $ (323,638) |
Income tax and deferred taxes_5
Income tax and deferred taxes - Deferred Tax Assets and Liabilities in the Statement of Financial Position (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Income tax and deferred taxes | |||
Deferred tax assets | $ 604,471 | $ 135,904 | |
Deferred tax liabilities | (289,825) | (246,320) | |
Total | $ 314,646 | $ (110,416) | $ (156,101) |
Income tax and deferred taxes_6
Income tax and deferred taxes - Reconciliation of Changes in Deferred Tax Liabilities (Assets) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | $ 110,416 | $ 156,101 |
Increase (decrease) in deferred taxes in profit or loss | (430,978) | (27,763) |
Deferred taxes related to items credited (charged) directly to equity | 5,916 | (17,922) |
Total increases (decreases) in deferred tax liabilities (assets) | (425,062) | (45,685) |
Deferred tax assets and liabilities, net end of period | (314,646) | 110,416 |
Unrealized loss | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (144,181) | (90,585) |
Increase (decrease) in deferred taxes in profit or loss | (511,514) | (53,596) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (511,514) | (53,596) |
Deferred tax assets and liabilities, net end of period | (655,695) | (144,181) |
Property, plant and equipment and capitalized interest | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | 189,073 | 187,168 |
Increase (decrease) in deferred taxes in profit or loss | 55,487 | 1,905 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 55,487 | 1,905 |
Deferred tax assets and liabilities, net end of period | 244,560 | 189,073 |
Restoration and rehabilitation provision | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (6,567) | |
Increase (decrease) in deferred taxes in profit or loss | 1,882 | |
Deferred taxes related to items credited (charged) directly to equity | 0 | |
Total increases (decreases) in deferred tax liabilities (assets) | 1,882 | |
Deferred tax assets and liabilities, net end of period | (4,685) | (6,567) |
Facility closure provision | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (6,567) | (6,597) |
Increase (decrease) in deferred taxes in profit or loss | 30 | |
Deferred taxes related to items credited (charged) directly to equity | 0 | |
Total increases (decreases) in deferred tax liabilities (assets) | 30 | |
Deferred tax assets and liabilities, net end of period | (6,567) | |
Manufacturing expenses | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | 108,181 | 107,215 |
Increase (decrease) in deferred taxes in profit or loss | 31,202 | 966 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 31,202 | 966 |
Deferred tax assets and liabilities, net end of period | 139,383 | 108,181 |
Employee benefits and unemployment insurance | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | 7,486 | 6,669 |
Increase (decrease) in deferred taxes in profit or loss | 2,779 | 687 |
Deferred taxes related to items credited (charged) directly to equity | (1,270) | 130 |
Total increases (decreases) in deferred tax liabilities (assets) | 1,509 | 817 |
Deferred tax assets and liabilities, net end of period | 8,995 | 7,486 |
Vacation accrual | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (6,039) | (6,138) |
Increase (decrease) in deferred taxes in profit or loss | (1,611) | 99 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (1,611) | 99 |
Deferred tax assets and liabilities, net end of period | (7,650) | (6,039) |
Inventory provision | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (20,557) | (22,200) |
Increase (decrease) in deferred taxes in profit or loss | (6,955) | 1,643 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (6,955) | 1,643 |
Deferred tax assets and liabilities, net end of period | (27,512) | (20,557) |
Materials provision | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (10,554) | (8,812) |
Increase (decrease) in deferred taxes in profit or loss | (1,361) | (1,742) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (1,361) | (1,742) |
Deferred tax assets and liabilities, net end of period | (11,915) | (10,554) |
Derivative financial instruments | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | 0 | 0 |
Increase (decrease) in deferred taxes in profit or loss | (7,172) | 14,246 |
Deferred taxes related to items credited (charged) directly to equity | 7,172 | (14,246) |
Total increases (decreases) in deferred tax liabilities (assets) | 0 | 0 |
Deferred tax assets and liabilities, net end of period | 0 | 0 |
Other employee benefits | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (929) | 0 |
Increase (decrease) in deferred taxes in profit or loss | (248) | (929) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (248) | (929) |
Deferred tax assets and liabilities, net end of period | (1,177) | (929) |
Research and development expenses | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | 5,387 | 3,581 |
Increase (decrease) in deferred taxes in profit or loss | 6,907 | 1,806 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 6,907 | 1,806 |
Deferred tax assets and liabilities, net end of period | 12,294 | 5,387 |
Bad debt provision | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (2,708) | (5,072) |
Increase (decrease) in deferred taxes in profit or loss | 1,993 | 2,364 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 1,993 | 2,364 |
Deferred tax assets and liabilities, net end of period | (715) | (2,708) |
Provision for legal complaints and expenses | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (334) | (19,637) |
Increase (decrease) in deferred taxes in profit or loss | (6,493) | 19,303 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (6,493) | 19,303 |
Deferred tax assets and liabilities, net end of period | (6,827) | (334) |
Loan approval expenses | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | 8,967 | 5,212 |
Increase (decrease) in deferred taxes in profit or loss | (174) | 3,755 |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (174) | 3,755 |
Deferred tax assets and liabilities, net end of period | 8,793 | 8,967 |
Junior mining companies valued based on stock price | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (5,243) | 3,929 |
Increase (decrease) in deferred taxes in profit or loss | 0 | (5,354) |
Deferred taxes related to items credited (charged) directly to equity | 17 | (3,818) |
Total increases (decreases) in deferred tax liabilities (assets) | 17 | (9,172) |
Deferred tax assets and liabilities, net end of period | (5,226) | (5,243) |
Royality | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | 4,545 | 3,012 |
Increase (decrease) in deferred taxes in profit or loss | 1,257 | 1,521 |
Deferred taxes related to items credited (charged) directly to equity | (3) | 12 |
Total increases (decreases) in deferred tax liabilities (assets) | 1,254 | 1,533 |
Deferred tax assets and liabilities, net end of period | 5,799 | 4,545 |
Tax loss benefit | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (7,113) | (844) |
Increase (decrease) in deferred taxes in profit or loss | (1,502) | (6,269) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (1,502) | (6,269) |
Deferred tax assets and liabilities, net end of period | (8,615) | (7,113) |
Other | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (8,862) | (1,454) |
Increase (decrease) in deferred taxes in profit or loss | (7,187) | (7,408) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | (7,187) | (7,408) |
Deferred tax assets and liabilities, net end of period | (16,049) | (8,862) |
Foreign items (other) | ||
Statement [Line Items] | ||
Deferred tax assets and liabilities, net opening balance | (136) | 654 |
Increase (decrease) in deferred taxes in profit or loss | 11,732 | (790) |
Deferred taxes related to items credited (charged) directly to equity | 0 | 0 |
Total increases (decreases) in deferred tax liabilities (assets) | 11,732 | (790) |
Deferred tax assets and liabilities, net end of period | $ 11,596 | $ (136) |
Income tax and deferred taxes_7
Income tax and deferred taxes - Tax Loss Carryforwards (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Income tax and deferred taxes [Line Items] | ||
Net operating loss carryforwards | $ 10,059 | $ 8,557 |
Chile | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Net operating loss carryforwards | $ 10,059 | 7,113 |
Foreign | ||
Disclosure of Income tax and deferred taxes [Line Items] | ||
Net operating loss carryforwards | $ 1,444 |
Income tax and deferred taxes_8
Income tax and deferred taxes - Movements in Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income tax and deferred taxes | ||
Deferred tax liability (asset) at beginning of period | $ (110,416) | $ (156,101) |
Increase (decrease) in deferred taxes in profit or loss | 430,978 | 27,763 |
Increase (decrease) in deferred taxes in equity | (5,916) | 17,922 |
Deferred tax liability (asset) at end of period | $ 314,646 | $ (110,416) |
Income tax and deferred taxes_9
Income tax and deferred taxes - Current and Deferred Tax (Expenses) Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Current income tax (expense) benefit | |||
Current tax expense | $ (2,002,564) | $ (279,105) | $ (97,374) |
Adjustments to prior year current income tax (expense) benefit | (626) | 2,326 | (1,901) |
Current income tax expense, net, total | (2,003,190) | (276,779) | (99,275) |
Deferred tax (expense) benefit | |||
Deferred tax benefits relating to the creation and reversal of temporary differences | 427,680 | 28,445 | 26,219 |
Tax adjustments related to the creation and reversal of temporary differences from the previous year | 3,298 | (682) | 2,877 |
Total deferred tax benefits, net | 430,978 | 27,763 | 29,096 |
Income tax expense | $ (1,572,212) | $ (249,016) | $ (70,179) |
Income tax and deferred taxe_10
Income tax and deferred taxes - Income Tax (Expenses) Benefit for Foreign and Domestic Parties (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Current income tax expense by foreign and domestic parties, net | |||
Current income tax expense | $ (2,003,190) | $ (276,779) | $ (99,275) |
Deferred tax expense by foreign and domestic parties, net | |||
Deferred tax expense | (430,978) | (27,763) | (29,096) |
Income tax expense | (1,572,212) | (249,016) | (70,179) |
Foreign countries | |||
Current income tax expense by foreign and domestic parties, net | |||
Current income tax expense | (213,060) | (46,748) | (9,782) |
Deferred tax expense by foreign and domestic parties, net | |||
Deferred tax expense | 21,338 | 6,679 | (10,284) |
Country of domicile | |||
Current income tax expense by foreign and domestic parties, net | |||
Current income tax expense | (1,790,130) | (230,031) | (89,493) |
Deferred tax expense by foreign and domestic parties, net | |||
Deferred tax expense | $ (452,316) | $ (34,442) | $ (18,812) |
Income tax and deferred taxe_11
Income tax and deferred taxes - Tax Effects of Other Comprehensive Income Components (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income tax related to other income and expense components with a charge or credit to net equity | |||
(Losses) income from defined benefit plan | $ (1,273) | $ 142 | $ 145 |
Cash flow hedges | 7,172 | (14,246) | (1,001) |
Amount before taxes (expense) gain | |||
Income tax related to other income and expense components with a charge or credit to net equity | |||
(Losses) income from defined benefit plan | (6,350) | 4,679 | 974 |
Cash flow hedges | 26,622 | (52,762) | (3,706) |
Reserve for (losses) income from financial assets measured at fair value through other comprehensive income | 190 | (12,072) | 9,784 |
Total | 20,462 | (60,155) | 7,052 |
(Expense) income for income taxes | |||
Income tax related to other income and expense components with a charge or credit to net equity | |||
(Losses) income from defined benefit plan | 1,273 | (142) | (145) |
Cash flow hedges | (7,172) | 14,246 | 1,001 |
Reserve for (losses) income from financial assets measured at fair value through other comprehensive income | (17) | 3,818 | (2,642) |
Total | (5,916) | 17,922 | (1,786) |
Amount after taxes | |||
Income tax related to other income and expense components with a charge or credit to net equity | |||
(Losses) income from defined benefit plan | (5,077) | 4,537 | 829 |
Cash flow hedges | 19,450 | (38,516) | (2,705) |
Reserve for (losses) income from financial assets measured at fair value through other comprehensive income | 173 | (8,254) | 7,142 |
Total | $ 14,546 | $ (42,233) | $ 5,266 |
Income tax and deferred taxe_12
Income tax and deferred taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||
Consolidated income before taxes | $ 5,486,496 | $ 841,221 | $ 238,538 |
Statutory income tax rate in Chile | 27% | 27% | 27% |
Tax expense using the statutory tax rate | $ (1,481,354) | $ (227,130) | $ (64,405) |
Net effect of royalty tax payments | (57,500) | (13,350) | (4,659) |
Tax effect of income from regular activities exempt from taxation and dividends from abroad | 3,490 | (260) | 1,786 |
Tax rate effect of non-tax-deductible expenses for determining taxable profit (loss) | (11,058) | (2,226) | (2,987) |
Tax effect of tax rates supported abroad | (25,053) | (5,622) | (2,077) |
Effects of changes resulting from classifying a permanent item as a temporary one | 0 | 4,826 | |
Other tax effects of reconciliation of accounting income to tax expense | (737) | (428) | (2,663) |
Income tax expense | $ (1,572,212) | $ (249,016) | $ (70,179) |
Income tax and deferred taxe_13
Income tax and deferred taxes - Narrative (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 27% | 27% | 27% |
Prescriptive period for review legal deadline | 3 | ||
Prescriptive period extended for review legal deadline | 6 | ||
Mining royalties operation | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 9.60% | ||
Caliche extraction operation | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 9.09% | ||
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 | ||
United States | Maximum | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 3.51% | 3.51% | |
United States | Minimum | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 21% | 21% | |
Mexico | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 30% | 30% | |
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% | 28% | |
Prescriptive period for review legal deadline | 3 | ||
Prescriptive period extended for review legal deadline | 5 | ||
China | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Prescriptive period for review legal deadline | 3 | ||
Prescriptive period extended for review legal deadline | 5 | ||
China | Maximum | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 12% | 12% | |
China | Minimum | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 25% | 25% | |
Korea | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Applicable tax rate | 25% | 25% | |
Prescriptive period for review legal deadline | 5 | ||
Prescriptive period extended for review legal deadline | 7 | ||
Korea | Maximum | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Prescriptive period extended for review legal deadline failure to file tax return | 10 years | ||
Prescriptive period extended for review legal deadline, tax evasion or fraud | 15 years | ||
Korea | Minimum | |||
Disclosure of Income tax and deferred taxes [Line Items] | |||
Prescriptive period extended for review legal deadline failure to file tax return | 5 years | ||
Prescriptive period extended for review legal deadline, tax evasion or fraud | 10 years |
Cash and cash equivalents - Inf
Cash and cash equivalents - Information by Currency (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Cash and cash equivalents. | ||||
Cash and cash equivalents | $ 2,655,236 | $ 1,515,051 | $ 509,102 | $ 588,530 |
Financial instruments - Hedging
Financial instruments - Hedging Effect in Profit and Equity (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financial instruments [Abstract] | ||
Effect on Profit or Loss | $ 25,714 | $ (17,761) |
Hedge Reserves from Variation in Gross Hedges | $ (19,967) | $ (46,529) |
Financial instruments - Current
Financial instruments - Current and Non-Current Bank Borrowings (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial instruments [Abstract] | ||
Total loans | $ 4,322,140 | $ 4,084,690 |
Effect of fluctuations in for_4
Effect of fluctuations in foreign currency exchange rates - Foreign Currency Exchange Differences Recognized in Profit or Loss (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Effect of fluctuations in foreign currency exchange rates [Abstract] | |||
Gains (losses) on exchange differences on translation, before tax | $ (255) | $ 4,240 | $ 14,000 |