XML 31 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - CLP ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of cash flows [abstract]      
NET INCOME FOR THE YEAR $ 552,730 $ 621,313 $ 599,693
Adjustments for non-cash items included in net income (1,179,767) (1,119,126) (1,266,270)
Depreciation and amortization 109,426 106,092 79,280
Impairment of property, plant, and equipment 638 2,726 39
Provision for loan losses 553,190 406,024 405,889
Mark to market of trading investments 43,609 39,997 1,438
Income from investments in associates and other companies (1,388) (1,146) (5,095)
Net gain on sale of assets received in lieu of payment (5,934) (5,613) (7,106)
Provision on assets received in lieu of payment 1,456 1,809 816
Loss on sale of associate 20 126  
Net gain on sale of property, plant and equipment (865) (2,456) (2,490)
Net interest income (1,593,848) (1,416,964) (1,414,368)
Net fee and commission income (267,278) (287,086) (290,885)
Changes in deferred taxes (28,465) 37,432 (25,517)
Other non-cash items 9,672 (67) (8,271)
Increase/decrease in operating assets and liabilities 192,956 2,346,978 1,689,069
(Increase) of loans and accounts receivables from customers, net (1,673,357) (2,449,954) (2,703,700)
Decrease (increase) of financial investments (3,015,784) (1,809,112) 588,918
Decrease (increase) of interbank loans (4,078) 232 147,534
Decrease of assets received or awarded in lieu of payment 8,289 (1,743) 722
Increase of debits in customers checking accounts 3,249,540 1,298,976 521,476
(Decrease) increase of time deposits and other time liabilities (2,611,026) 124,998 1,153,874
Increase (decrease) of obligations with domestic banks (54,518) 271,620 (480)
Increase (decrease) of other demand liabilities or time obligations 842,080 257,039 451,775
Increase of obligations with foreign banks (1,095,961) 459,572 90,754
(Decrease) increase of obligations with Central Bank of Chile 4,959,260   (5)
(Decrease) increase of obligations under repurchase agreements 589,753 331,510 (219,516)
Increase (decrease) in other financial liabilities (42,040) 10,958 (26,630)
(Decrease) increase of other assets and liabilities (1,850,030) 989,451 (872,264)
Redemption of letters of credit (6,188) (6,988) (8,989)
Senior bond issuances 1,227,166 1,893,552 1,156,057
Redemption of mortgage bonds and payments of interest (6,312) (6,109) (5,911)
Redemption of senior bonds and payments of interest (2,571,384) (714,783) (289,837)
Interest received 2,232,327 2,321,381 2,244,317
Interest paid (638,479) (904,417) (829,949)
Dividends received from investments in other companies 508 130 38
Fees and commissions received 451,162 498,658 484,463
Fees and commissions paid (183,884) (211,572) (193,578)
Total cash flow (used in) provided by operating activities (819,993) 1,855,586 1,022,492
B - CASH FLOWS FROM INVESTMENT ACTIVITIES:      
Purchases of property, plant, and equipment (50,613) (57,390) (68,329)
Sales of property, plant, and equipment 15,678 8,666 6,297
Sales of investments in associates   1,930  
Purchases of investments in associates and other companies   (62,136)  
Purchases of intangible assets (35,170) (32,860) (29,563)
Total cash flow used in investment activities (70,105) (141,790) (91,565)
C - CASH FLOW FROM FINANCING ACTIVITIES:      
Dividends paid (331,255) (355,141) (423,611)
Placement of subordinated bond 475,390    
Lease obligation paid (42,045) (30,145)  
Total cash flow used in financing activities 102,090 (385,286) (423,611)
D – NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE YEAR (788,008) 1,328,510 507,316
E – EFFECTS OF FOREIGN EXCHANGE RATE FLUCTUATIONS (28,706) 126,669 114,498
F - INITIAL BALANCE OF CASH AND CASH EQUIVALENTS 3,711,334 2,256,155 1,634,341
FINAL BALANCE OF CASH AND CASH EQUIVALENTS 2,984,620 3,711,334 2,256,155
Provision for loan losses for cash flow purposes 553,190 406,024 405,889
Recovery of loans previously charged off (74,926) (82,713) (88,481)
Provision for loan losses – net $ 478,264 $ 323,311 $ 317,408