Right-Of-Use-Assets

12 Months Ended

Dec. 31, 2024

RIGHT-OF-USE-ASSETS

Right-Of-Use-Assets

18.  RIGHT-OF-USE-ASSETS

Right-of-use assets as of December 31, 2024 and 2023 are detailed as follows:

	Land	Buildings, Net	Other plants and equipment	Right-of-use assets, Net
Movements in 2024	ThCh$	ThCh$	ThCh$	ThCh$
Opening balance as of January 1, 2024	227,690,973	24,539,131	16,822,451	269,052,555
New assets contracts, by right-of use	40,850,336	483,328	100,622	41,434,286
Increases (decreases) from foreign currency translation differences, net	11,949,673	2,222,138	147,298	14,319,109
Depreciation (1)	(11,117,090)	(5,304,825)	(6,946,334)	(23,368,249)
Retirements	(28,751,084)	(75,642)	—	(28,826,726)
Total movements	12,931,835	(2,675,001)	(6,698,414)	3,558,420
Closing balance as of December 31, 2024	240,622,808	21,864,130	10,124,037	272,610,975
	Land	Buildings, Net	Other plants and equipment	Right-of-use assets, Net
Movements in 2023	ThCh$	ThCh$	ThCh$	ThCh$
Opening balance as of January 1, 2023	216,012,927	-	17,685,505	233,698,432
New assets contracts, by right-of use	16,726,443	30,477,107	—	47,203,550
Increases (decreases) from foreign currency translation differences, net	9,238,845	(635,842)	150,451	8,753,454
Depreciation	(7,094,687)	(5,286,457)	(1,013,505)	(13,394,649)
Retirements	—	(15,677)	—	(15,677)
Decreases for classification as held for sale (2)	(7,192,555)	—	—	(7,192,555)
Total movements	11,678,046	24,539,131	(863,054)	35,354,123
Closing balance as of December 31, 2023	227,690,973	24,539,131	16,822,451	269,052,555

(1) See Note 31.a).

(2) See Note 5.1.

As of December 31, 2024, the main right-of-use assets and lease liabilities derive mainly from land leases for the development of non-conventional renewable energy projects within the Enel Green Power Chile Group, in projects such as Altozano, Alwa, Las Salinas, Campos del Sol, Finis Terrae and La Cabaña, with remaining durations from 21 to 34 years, which accrue interest at an annual rate ranging from  0.7% to 5.49%.

The present value of future payments derived from those contracts is detailed as follows:

	As of December 31,
	2024			2023
	Gross	Interest	Present value	Gross	Interest	Present value
	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$
Less than one year	37,568,810	10,682,691	26,886,119	33,002,320	8,864,127	24,138,193
From one to two years	22,416,134	11,079,596	11,336,538	18,156,807	8,625,314	9,531,493
From two to three years	21,679,403	10,207,030	11,472,373	17,614,228	7,964,453	9,649,775
From three to four years	21,526,710	9,770,031	11,756,679	17,420,525	7,839,832	9,580,693
From four to five years	21,535,925	9,375,862	12,160,063	17,509,738	7,494,285	10,015,453
More than five years	376,358,660	155,365,382	220,993,278	333,452,345	128,305,732	205,146,613
Total	501,085,642	206,480,592	294,605,050	437,155,963	169,093,743	268,062,220

a) Short-term and low-value leases

The consolidated income statement for the years ended December 31, 2024, 2023 and 2022 include expenses of ThCh$6,711,205, ThCh$5,459,314 and ThCh$5,436,911, respectively, of which ThCh$6,488,688 correspond to short-term lease payments in 2024 (ThCh$4,612,939 in 2023 and ThCh$3,614,981 in 2022) and ThCh$222,517 related to leases with variable payment clauses in 2024 (ThCh$846,375 in 2023 and ThCh$1,821,930 in 2022), which are exempt from the application of IFRS 16 (see Note 3.f).

As of December 31, 2024, 2023 and 2022, the future payments arising from these contracts are as follows:

	As of December 31,	As of December 31,
	2024	2023
	ThCh$	ThCh$
Less than one year	932,468	1,102,423
From one to two years	—	—
From two to three years	—	—
From three to four years	—	—
From four to five years	—	—
More than five years	—	—
Total	932,468	1,102,423