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Provisions
12 Months Ended
Dec. 31, 2017
Disclosure Of Other Provisions [Abstract]  
Provisions

22.

PROVISIONS.

 

a)

The breakdown of provisions as of December 31, 2017 and 2016, is as follows:

 

 

 

Current

 

 

Non-current

 

 

 

12-31-2017

 

 

12-31-2016

 

 

12-31-2017

 

 

12-31-2016

 

Provisions

 

ThCh$

 

 

ThCh$

 

 

ThCh$

 

 

ThCh$

 

Provision for legal proceedings (1)

 

 

3,497,786

 

 

 

4,694,579

 

 

 

13,936,190

 

 

 

5,308,206

 

Decommissioning or restoration (2)

 

 

 

 

 

 

 

 

64,486,647

 

 

 

57,798,702

 

Other provisions

 

 

2,138,385

 

 

 

1,798,953

 

 

 

 

 

 

 

Total

 

 

5,636,171

 

 

 

6,493,532

 

 

 

78,422,837

 

 

 

63,106,908

 

 

 

(1)

Provision for legal proceedings mainly consist of the contingencies related to lawsuits on administrative sanctions from our regulators.

 

(2)

Provision for decommissioning or restorations arises from the Bocamina II project and San Isidro Power Plant.

 

The expected timing and amount of any cash outflows related to the above provisions is uncertain and depends on the final resolution of the provisioned matters.

 

b)

Changes in provisions as of December 31, 2017 and 2016, are as follows:

 

 

 

Legal

Proceedings

 

 

Decommissioning or

Restoration

 

 

Environment and Other Provisions

 

 

Total

 

Changes in Provisions

 

ThCh$

 

 

ThCh$

 

 

ThCh$

 

 

ThCh$

 

Balance at January 1, 2017

 

 

10,002,785

 

 

 

57,798,702

 

 

 

1,798,953

 

 

 

69,600,440

 

Increase (decrease) in existing provisions (1)

 

 

12,159,920

 

 

 

4,340,858

 

 

 

339,432

 

 

 

16,840,210

 

Provisions used

 

 

(2,995,017

)

 

 

 

 

 

 

 

 

(2,995,017

)

Reversal of unused provision

 

 

(1,728,788

)

 

 

 

 

 

 

 

 

(1,728,788

)

Increase from adjustment to time value of money (2)

 

 

 

 

 

2,347,087

 

 

 

 

 

 

2,347,087

 

Foreign currency translation

 

 

(4,924

)

 

 

 

 

 

 

 

 

(4,924

)

Total changes in provisions

 

 

7,431,191

 

 

 

6,687,945

 

 

 

339,432

 

 

 

14,458,568

 

Balance at December 31, 2017

 

 

17,433,976

 

 

 

64,486,647

 

 

 

2,138,385

 

 

 

84,059,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal

Proceedings

 

 

Decommissioning or

Restoration

 

 

Other Provisions

 

 

Total

 

Changes in Provisions

 

ThCh$

 

 

ThCh$

 

 

ThCh$

 

 

ThCh$

 

Balance at January 1, 2016

 

 

14,829,364

 

 

 

51,085,542

 

 

 

6,530,429

 

 

 

72,445,335

 

Increase (decrease) in existing provisions

 

 

111,723

 

 

 

4,161,948

 

 

 

(4,731,476

)

 

 

(457,805

)

Provisions used

 

 

(4,948,439

)

 

 

 

 

 

 

 

 

(4,948,439

)

Increase from adjustment to time value of money

 

 

 

 

 

2,551,212

 

 

 

 

 

 

2,551,212

 

Foreign currency translation

 

 

10,137

 

 

 

 

 

 

 

 

 

10,137

 

Total changes in provisions

 

 

(4,826,579

)

 

 

6,713,160

 

 

 

(4,731,476

)

 

 

(2,844,895

)

Balance at December 31, 2016

 

 

10,002,785

 

 

 

57,798,702

 

 

 

1,798,953

 

 

 

69,600,440

 

 

(1) The increase in existing provisions in the year 2017 it is mainly due to sanctions taken by the Superintendency of Electricity and Fuels to Enel Distribución for an amount of ThCh $ 11,840,322. See note 35.

 

(2)

See Note 31.