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Consolidated Statements of Changes in Equity - CLP ($)
$ in Millions
Capital
Reserves and other retained earnings
Effects of merger of companies under common control
Fair value reserve
Cash flow hedge
Income tax effects
Retained earnings of prior years
Income for the year
Provision for mandatory dividends
Total attributable to shareholders of the Bank
Non-controlling interest
Total
Equity at Dec. 31, 2017 $ 891,303 $ 1,784,042 $ (2,224) $ 459 $ (3,562) $ 791 $ 41,267 $ 562,801 $ (168,840) $ 3,106,037 $ 41,883 $ 3,147,920
Distribution of income from previous period 562,801 (562,801)
Equity 891,303 1,784,042 (2,224) 459 (3,562) 791 604,068 (168,840) 3,106,037 41,883 3,147,920
Impact of adopting IFRS 9 394 (19) (82,367) (81,992) (81,992)
Restated opening balance under IFRS 9 891,303 1,784,042 (2,224) 853 (3,562) 772 521,701 (168,840) 3,024,045 41,883 3,065,928
Dividends distributions / withdrawals made (423,611) 168,840 (254,771) 4 (254,767)
Transfer of retained earnings to reserves 141,204 (141,204)
Provision for mandatory dividends (178,600) (178,600) (178,600)
Subtotal 141,204 (564,815) (9,760) (433,371) 4 (433,367)
Other comprehensive income 4,799 13,365 (4,874) 13,290 (84) 13,206
Result of continuous operations 591,563 591,563 4,360 595,923
Result of discontinuous operations       3,770 3,770   3,770
Subtotal 4,799 13,365 (4,874) 595,333 608,623 4,276 612,899
Equity at Dec. 31, 2018 891,303 1,925,246 (2,224) 5,652 9,803 (4,102) (43,114) 595,333 (178,600)   46,163 3,245,460
Distribution of income from previous period 595,333 (595,333)
Equity 891,303 1,925,246 (2,224) 5,652 9,803 (4,102) 552,219 (178,600)   46,163 3,245,460
Purchase of Santander Consumer S.A. [1] (37,041) (37,041) 31,437 (5,604)
Dividends distributions / withdrawals made (355,141) 178,600 (176,541) (176,541)
Transfer of retained earnings to reserves 236,761 (236,761)
Provision for mandatory dividends (185,727) (185,727) (185,727)
Subtotal 199,720 (591,902) (7,127) (399,309) 31,437 (367,872)
Other comprehensive income 22,483 (50,238) 7,546 (20,209) (189) (20,398)
Result of continuous operations 617,392 617,392 2,222 619,614
Result of discontinuous operations 1,699 1,699 1,699
Subtotal 22,483 (50,238) 7,546 619,091 598,882 2,033 600,915
Equity at Dec. 31, 2019 891,303 2,124,966 (2,224) 28,135 (40,435) 3,444 (39,683) 619,091 (185,727) 3,398,870 79,633 3,478,503
Distribution of income from previous period 619,091 (619,091)
Equity 891,303 2,124,966 (2,224) 28,135 (40,435) 3,444 579,408   (185,727) 3,398,870 79,633 3,478,503
Dividends distributions / withdrawals made (331,399) 185,727 (145,672) (145) (145,817)
Transfer of retained earnings to reserves 220,838 (220,838)
Provision for mandatory dividends (164,284) (164,284) (164,284)
Subtotal 220,838 (552,237) 21,443 (309,956) (145) (310,101)
Other comprehensive income 73,561 (96,330) 6,332 (16,437) 79 (16,358)
Result of continuous operations 517,614 547,614 5,116 552,730
Result of discontinuous operations
Subtotal 73,561 (96,330) 6,332   547,614 531,177 5,195 536,372
Equity at Dec. 31, 2020 $ 891,303 $ 2,345,804 $ (2,224) $ 101,696 $ (136,765) $ 9,776 $ 27,171 $ 547,614 $ (164,284) $ 3,620,091 $ 84,683 $ 3,704,774
[1] The effect was generated by the acquisition of Santander Consumer S.A. See Note 2 Significant Event.