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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of Employee benefits [Abstract]  
Disclosure of total employee defined benefit plans in statement of financial position [Text Block]
As of
December 31, 2021 and 2020
, the total staff benefits recorded in the Consolidated Statement of Financial Position is detailed as follows:
 
Employees’ Benefits
As of December 31, 2021
As of December 31, 2020
Current
Non-current
Current
Non-current
ThCh$
ThCh$
ThCh$
ThCh$
Short term benefits
49,699,243
-
33,935,007
-
Employment termination benefits
977,858
34,274,997
5,965,581
35,678,357
Total
50,677,101
34,274,997
39,900,588
35,678,357
 
Disclosure of Short-term employee benefits expense [Text Block]
The total short-term benefits recorded in the Consolidated Statement of Financial Position are detailed as follows:
 
Short-Term Employees’ Benefits
As of December 31, 2021
As of December 31, 2020
ThCh$
ThCh$
Vacation
16,934,429
14,381,033
Bonus and compensation
32,764,814
19,553,974
Total
49,699,243
33,935,007
 
Disclosure of termination benefits [Text Block]
The obligation recorded for severance indemnity is detailed as follow
s
:
 
Severance Indemnity
As of December

31, 2021
As of December

31, 2020
ThCh$
ThCh$
Current
977,858
5,965,581
Non-current
34,274,997
35,678,357
Total
35,252,855
41,643,938
 
Disclosure of reimbursement rights [text block]
The change in the severance indemnity is detailed as follows:
 
Severance Indemnity
ThCh$
 
Balance as of January 1, 2020
33,571,138
Current cost of service
3,077,205
Interest cost
2,343,063
Actuarial (Gain) losses
1,859,692
Paid-up benefits
(1,087,421)
Past service cost
653,426
Conversion effect
(1,146,660)
Others
2,373,495
Changes
8,072,800
As of December 31, 2020
41,643,938
Current cost of service
2,988,782
Interest cost
3,279,881
Actuarial (Gain) losses
(5,216,580)
Paid-up benefits
(6,210,075)
Past service cost
469,558
Conversion effect
105,928
Others
(1,808,577)
Changes
(6,391,083)
As of December 31, 2021
35,252,855
 
Disclosure of termination benefits expense [Text Block]
The figures recorded in the Consolidated Statement of Income, are detailed as follows:
 
Expense recognized for severance indemnity
For the years ended as of December 31,
2021
2020
2019
ThCh$
ThCh$
ThCh$
Current cost of service
2,988,782
3,077,205
2,457,762
Past service cost
469,558
653,426
930,906
Non-provisioned paid benefits
4,976,108
3,718,682
3,959,881
Other
920,120
2,271,831
70,747
Total expense recognized in Consolidated Statement of Income
9,354,568
9,721,144
7,419,296
 
Disclosure of information about actuarial assumptions [Text Block] The main actuarial assumptions used for the calculation of the severance indemnity obligation are detailed as follows:
 
Actuarial Assumptions
Chile
Argentina
As of December

31, 2021
As of December

31, 2020
As of December

31, 2021
As of December 31,

2020
 
Mortality table
RV-2014
RV-2014
Gam '83
Gam '83
Annual interest rate
6,97%
4,41%
61,23%
54,87%
Voluntary employee turnover rate
1,9%
1,9%
"ESA 77 Ajustada" - 50%
"ESA 77 Ajustada" - 50%
Company’s needs rotation rate
5,3%
5,3%
"ESA 77 Ajustada" - 50%
"ESA 77 Ajustada" -50%
Salary increase (*)
3,7%
3,7%
52,10%
46,1%
Estimated retirement age for (*)
Officers
 
60
60
60
60
Other
Male
65
65
65
65
Female
60
60
60
60
 
Disclosure of information about sensitivity analysis [Text Block]
The Following is a sensitivity analysis based on increased (decreased) of 1 percent on the discount rate:
 
Sensitivity Analysis
As of December

31, 2021
As of December

31, 2020
ThCh$
ThCh$
1% increase in the Discount Rate (Gain)
1,833,192
2,383,615
1% decrease in the Discount Rate (Loss)
(2,101,740)
(2,778,376)
 
 
 
 
Disclosure of information about other employee expense [Text Block]
The amounts recorded in the Consolidated Statement of Income are detailed as follows:
 
Personal expense
For the years ended as of December 31,
2021
2020
2019
ThCh$
ThCh$
ThCh$
Salaries
213,794,654
183,112,042
168,117,881
Employees’ short-term benefits
46,605,454
34,107,747
27,469,694
Total expenses for short-term employee benefits
260,400,108
217,219,789
195,587,575
Employments termination benefits
9,354,568
9,721,144
7,419,296
Other staff expense
45,277,007
37,006,715
34,115,503
Total (1)
315,031,683
263,947,648
237,122,374
(1)
See
Note 30 - Natures of cost and expense
.