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Investments Accounted for Using the Equity Method
12 Months Ended
Dec. 31, 2021
INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD.  
Investments Accounted for Using the Equity Method

12.   INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

12.1. Investments accounted for using the equity method

The detail of the Group’s investees accounted for using the equity method and the movements for the years ended December 31, 2021 and 2020, are as follows:

Share of

Foreign

Other

Other

Balance as

Balance as

Balance as of

Profit

Dividends

Currency

Comprehensive

Increase

of

Negative

of

Taxpayer ID

Ownership

1-1-2021

Additions

(Loss)

Declared

Translation

Income

(Decrease)

12-31-2021

Equity

12-31-2021

Number

Associates and Joint Ventures

Relationship

Country

Currency

Interest

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

Provision

ThCh$

76.418.940-K

GNL Chile S.A.

Associate

Chile

U.S. dollar

33.33%

1,729,383

3,620,701

(381,860)

738,412

5,706,636

5,706,636

77.017.930-0

Transmisora Eléctrica de Quillota Ltda. (*)

Joint Business

Chile

Chilean Peso

0.00%

7,451,193

(292,529)

(5,360,886)

(1,797,778)

76.014.570-K

Enel Argentina S.A.

Associate

Argentina

Argentine Peso

0.0793%

370,563

(108,016)

(66,360)

(5,706)

196,654

387,135

387,135

76.364.085-K

Energías Marina SpA

Associate

Chile

Chilean Peso

25.00%

57,357

(62,484)

(5,127)

5,127

77.157.779-2

Enel X AMPCI Ebus Chile SpA

Associate

Chile

U.S. dollar

20.00%

3,441,664

19,737

(670,700)

678,387

359,797

3,828,885

3,828,885

77.374.847-0

HIF H2 SpA

Joint Business

Chile

U.S. dollar

50.00%

1,277

1,277

1,277

TOTAL

12,992,803

58,634

3,177,409

(6,479,806)

1,411,093

359,797

(1,601,124)

9,918,806

5,127

9,923,933

Share of

Foreign

Other

Other

Balance as

Negative

Balance as

Balance as of

Profit

Dividends

Currency

Comprehensive

Increase

of

Equity

of

Taxpayer ID

Ownership

1-1-2020

Additions

(Loss)

Declared

Translation

Income

(Decrease)

12-31-2020

Provision

12-31-2020

Number

Associates and Joint Ventures

Relationship

Country

Currency

Interest

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

76.418.940-K

GNL Chile S.A.

Associate

Chile

U.S. dollar

33.33%

1,410,206

1,127,312

(686,058)

(122,077)

1,729,383

1,729,383

77.017.930-0

Transmisora Eléctrica de Quillota Ltda.

Joint Business

Chile

Chilean Peso

50.00%

6,099,228

1,351,965

7,451,193

7,451,193

76.014.570-K

Enel Argentina S.A.

Associate

Argentina

Argentine Peso

0.08%

401,908

15,333

(130,962)

84,284

370,563

370,563

76.364.085-K

Energías Marina SpA

Associate

Chile

Chilean Peso

25.00%

17,246

(70,360)

(53,114)

53,114

77.157.779-2

Enel X AMPCI Ebus Chile SpA

Associate

Chile

U.S. dollar

20.00%

2,727,091

1,085,142

(389,551)

18,982

3,441,664

3,441,664

TOTAL

7,928,588

2,727,091

3,509,392

(686,058)

(642,590)

18,982

84,284

12,939,689

53,114

12,992,803

(*)

See Note 12.3.a).

12.2. Additional financial information on investments in associates

Financial information as of December 31, 2021 and 2020 of the main companies in which the Group exercises significant influence is detailed below:

As of December 31, 2021

% Ownership
Interest Direct /

Current Assets

Non-current
Assets

Current Liabilities

Non-current
Liabilities

Revenues

Profit (Loss)

Other
Comprehensive
Income

Comprehensive
Income

Investments with Significant Influence

Indirect

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

GNL Chile S.A.

33.33%

135,535,995

1,551,052,079

204,485,491

1,464,982,676

1,025,300,274

10,862,103

2,215,243

13,077,346

Enel X AMPCI Ebus Chile SpA

20.00%

15,011,284

105,903,882

13,781,434

87,989,309

98,684

5,190,928

5,289,612

As of December 31, 2020

% Ownership
Interest Direct /

Current Assets

Non-current
Assets

Current Liabilities

Non-current
Liabilities

Revenues

Profit (Loss)

Other
Comprehensive
Income

Comprehensive
Income

Investments with Significant Influence

Indirect

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

GNL Chile S.A.

33.33%

57,032,080

1,433,019,578

117,974,825

1,366,888,682

553,288,674

3,381,935

(366,207)

3,015,728

Enel X AMPCI Ebus Chile SpA

20.00%

20,007,409

93,871,600

15,101,345

81,569,344

7,503,692

5,425,709

5,425,709

None of the Company’s associates have issued price quotations.

12.3. Joint ventures

The detail of the Group’s statements of financial position and statements of income of joint ventures for the years ended December 31, 2021 and 2020, are as follows:

a)Transmisora Eléctrica de Quillota Ltda.:

Transmisora Eléctrica

de Quillota Ltda.

50.0% (1)

50.0%

12-31-2021

12-31-2020

ThCh$

ThCh$

    

Total current assets

7,157,805

Total non-current assets

10,068,936

Total current liabilities

806,841

Total non-current liabilities

1,517,515

Cash and cash equivalents

4,261,166

Revenues

896,616

4,643,283

Other fixed operating expenses

(239,154)

(268,806)

Depreciation and amortization expense

(824,314)

(782,799)

Other Income

25,735

4,187

Interest income

61,769

29,103

Income tax expense

(505,710)

(921,039)

Profit (loss)

(585,058)

2,703,929

Comprehensive income

(585,058)

2,703,929

(1)On December 30, 2021, the Company sold its 50% equity interest in Transmisora Eléctrica de Quillota Ltda. (see Note 2, section 1.6) for US$13,862,707, equivalent to ThCh$11,786,767, resulting in a profit of ThCh$9,968,845, which is included in Other profits (losses) of the consolidated statement of income (See Note 32).

b)HIF H2 SpA.:

HIF H2 SpA

%

50%

12-31-2021

ThCh$

Total Current Assets

4,008,576

Total non-current liabilities

4,006,021

Cash and cash equivalents

2,555

There are no significant commitments and contingencies, or restrictions to the availability of funds in associated companies and joint ventures.