XML 32 R15.htm IDEA: XBRL DOCUMENT v3.22.1
Cash and cash equivalents
 12 Months Ended
Dec. 31, 2021
DisclosureOfCashAndCashEquivalentsExplanatory [Abstract]  
Cash and cash equivalents
Note 9
 
9.1
 
As of December 31, 2021, and 2020, cash and cash equivalents are detailed as follows:
 
Cash
 
As of
December 31,
2021
  
As of
December 31, 2020
 
 
 
ThUS$
 
 
ThUS$
 
Cash on hand  44   54 
Cash in banks  662,407   244,548 
Other demand deposits  -   2,527 
Total Cash
 
 
662,451
 
 
 
247,129
 
 
Cash equivalents
 
As of
December 31,
2021
  
As of
December 31, 2020
 
 
 
ThUS$
 
 
ThUS$
 
Short-term deposits, classified as cash equivalents  237,655   51,595 
Short-term investments, classified as cash equivalents  614,945   210,378 
Total cash equivalents
 
 
852,600
 
 
 
261,973
 
Total cash and cash equivalents
 
 
1,515,051
 
 
 
509,102
 
 
9.2
 
As of December 31, 2021, and 2020, the short-term investments classified as cash and cash equivalents relate to mutual funds (investment liquidity funds) for investments in:
 
Institution
 
As of
December 31,
2021
  
As of
December 31, 2020
 
 
 
ThUS$
 
 
ThUS$
 
Legg Mason - Western Asset Institutional Cash Reserves  233,648   107,625 
JP Morgan US dollar Liquidity Fund Institutional  381,297   102,753 
Total
 
 
614,945
 
 
 
210,378
 
 
Short-term investments are highly liquid mutual funds that are basically invested in short-term fixed rate notes in the U.S. market.
9.3
 
As of December 31, 2021, and 2020, information on cash and cash equivalents by currency is detailed as follows:
 
Currency
  
As of
December 31,
2021
    
As of
December 31,
2020
  
 
 
ThUS$
 
 
ThUS$
 
Peso (*)     4,416       7,190  
Dollar     1,377,983       454,402  
Euro     14,374       17,144  
Mexican Peso     1,827       1,378  
South African Rand     13,048       14,286  
Japanese Yen     1,182       1,646  
Peruvian Sol     6       3  
Indian rupee     -       6  
Chinese Yuan     30,102       11,597  
Indonesian rupee     3       3  
Pound Sterling     1       19  
Australian Dollar     72,107       1,411  
South Korean won     -       16  
Dirham United Arab Emirates     1       -  
Polish Zloty     1       1  
Total
 
 
1,515,051
 
 
 
509,102
 
 
(*) The Company maintains financial derivative instruments policies which allow management to convert term deposits denominated in pesos and UF to Dollars.
 
9.4
 
The Company has granted a guarantee consisting of financial instruments, specified in deposits, custody and administration to Banco de Chile, for its subsidiary Isapre Norte Grande Ltda., in compliance with the provisions of the Superintendence of Health, which regulates social security health institutions.
 
According to the regulations of the Superintendence of Health, this guarantee is for the total payable to its affiliates and medical providers. Banco de Chile reports the current value of the guarantee to the Superintendence of Health and Isapre Norte Grande Ltda. on a daily basis.
 
As of December 31, 2021, and, 2020 pledged assets are as follows
 
Restricted cash balances
  
As of
December 31,
2021
    
As of
December 31,
2020
  
 
 
ThUS$
 
 
ThUS$
 
Isapre Norte Grande Ltda.     622       731  
Total
 
 
622
 
 
 
731
 
 
9.5
 
The detail at the end of each balance date is as follows:
 
Receiver of the deposit
 
Type of deposit
 
Original
Currency
 
Interest Rate
 
 
Placement date
 
Expiration date
 
Principal
 
 
Interest
 accrued to-date
 
  
As of
December 31,
2021
  
                         
 
 
ThUS$
 
 
 
ThUS$
 
 
 
ThUS$
 
Others banks   Fixed term   Dollar     0.58 %   11-30-2021   02-28-2022     200,000       100       200,100  
Banco BCI   Fixed term   Dollar     0.31 %   12-24-2021   02-28-2022     1,250       -       1,250  
Banco BCI   Fixed term   Dollar     0.36 %   12-07-2021   01-14-2022     8,000       2       8,002  
Banco BCI   Fixed term   Dollar     0.28 %   12-30-2021   01-14-2022     500       -       500  
Banco Santander   Fixed term   Dollar     3.12 %   12-30-2021   01-06-2022     3,550       2       3,552  
Banco Santander   Fixed term   Dollar     0.26 %   12-16-2021   01-31-2022     2,500       -       2,500  
Banco Santander   Fixed term   Dollar     0.40 %   12-27-2021   03-04-2022     1,500       -       1,500  
Banco Santander   Fixed term   Dollar     0.40 %   12-29-2021   01-27-2022     1,500       -       1,500  
Banco Itaú Corpbanca   Fixed term   Dollar     0.30 %   12-14-2021   01-07-2022     5,000       1       5,001  
Banco Itaú Corpbanca   Fixed term   Dollar     0.37 %   12-28-2021   01-24-2022     1,000       -       1,000  
Banco Itaú Corpbanca   Fixed term   Dollar     0.34 %   12-07-2021   01-28-2022     2,000       -       2,000  
Scotiabank Sud Americano   Fixed term   Dollar     0.27 %   12-24-2021   02-28-2022     2,750       -       2,750  
Scotiabank Sud Americano   Fixed term   Dollar     0.06 %   12-17-2021   01-31-2022     3,000       -       3,000  
Scotiabank Sud Americano   Fixed term   Dollar     0.07 %   12-03-2021   01-18-2022     5,000       -       5,000  
Total
 
  
 
  
 
      
 
  
 
  
 
 
237,550
 
 
 
105
 
 
 
237,655
 
 
 
Receiver of the deposit
 
Type of deposit
 
Original
Currency
 
Interest Rate
 
 
Placement date
 
Expiration date
 
Principal
 
 
Interest
accrued to-date
 
  
As of
December 31,
2020
  
                       
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Banco Santander – Santiago   Fixed term   Dollar     0.35 %   12-30-2020   03-30-2021     7,000       -       7,000  
Scotiabank Sud Americano   Fixed term   Dollar     0.35 %   11-30-2020   01-08-2021     1,500       1       1,501  
Banco de Chile   Fixed term   Dollar     0.61 %   11-30-2020   01-08-2021     2,000       1       2,001  
Banco de Chile   Fixed term   Dollar     0.61 %   11-30-2020   01-08-2021     3,500       1       3,501  
Banco crédito e Inversiones   Fixed term   Dollar     0.46 %   12-01-2020   01-15-2021     500       -       500  
Scotiabank Sud Americano   Fixed term   Dollar     0.40 %   12-01-2020   01-15-2021     500       -       500  
Scotiabank Sud Americano   Fixed term   Dollar     0.40 %   12-02-2020   01-20-2021     2,500       1       2,501  
Banco Santander – Santiago   Fixed term   Dollar     0.50 %   12-09-2020   01-25-2021     500       -       500  
Scotiabank Sud Americano   Fixed term   Dollar     0.50 %   12-09-2020   01-25-2021     1,000       -       1,000  
Banco Santander – Santiago   Fixed term   Dollar     0.50 %   12-09-2020   01-25-2021     6,000       1       6,001  
Banco crédito e Inversiones   Fixed term   Dollar     0.51 %   12-09-2020   01-25-2021     6,000       1       6,001  
Banco crédito e Inversiones   Fixed term   Dollar     0.26 %   12-14-2020   01-29-2021     500       -       500  
Banco Estado   Fixed term   Dollar     0.14 %   12-14-2020   01-29-2021     1,000       1       1,001  
Scotiabank Sud Americano   Fixed term   Dollar     0.40 %   12-14-2020   01-29-2021     1,500       -       1,500  
Banco de Chile   Fixed term   Dollar     0.56 %   12-14-2020   01-29-2021     5,000       1       5,001  
Banco Itaú Corpbanca   Fixed term   Dollar     0.68 %   12-18-2020   02-01-2021     500       -       500  
Banco Itaú Corpbanca   Fixed term   Dollar     0.68 %   12-18-2020   02-01-2021     2,000       1       2,001  
Banco crédito e Inversiones   Fixed term   Dollar     0.20 %   12-23-2020   02-05-2021     2,000       1       2,001  
Banco Itaú Corpbanca   Fixed term   Dollar     0.40 %   12-24-2020   02-08-2021     1,000       -       1,000  
Banco Santander – Santiago   Fixed term   Dollar     0.26 %   12-29-2020   01-08-2021     2,500       1       2,501  
Banco Santander – Santiago   Fixed term   Dollar     0.15 %   12-30-2020   02-12-2021     700       -       700  
Banco Itaú Corpbanca   Fixed term   Peso     0.35 %   12-29-2020   01-05-2021     3,798       -       3,798  
BBVA Banco Francés   Fixed term   Dollar     1.80 %   12-31-2020   03-06-2021     86       -       86  
Total
 
  
 
  
 
      
 
  
 
  
 
 
51,584
 
 
 
11
 
 
 
51,595