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Disclosures on equity (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of detailed information about controls capital management [Abstract]  
Disclosure of detailed information about controls capital management [Text Block]
The Company’s management controls capital management based on the following ratios:
 
Capital Management
 
As of December
31, 2021
 
 
As of December
31, 2020
 
 
Description (1)
 
Calculation (1)
Net Financial Debt (ThUS$)     204,692       1,074,020     Financial Debt – Financial Resources   Other current Financial Liabilities + Other Non-Current Financial Liabilities– Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current
Liquidity     4.62       5.40     Current Assets divided by Current Liabilities   Total Current Assets / Total Current Liabilities
ROE     18.41 %     7.79 %   Profit for the year divided by Total Equity   Profit for the year / Equity
Adjusted EBITDA (ThUS$)     1,185,453       579,765     Adjusted EBITDA   Profit (loss) + Depreciation and Amortization Expenses adjustments + Finance Costs + Income Tax – Other income and Share of profit of associates and joint ventures + Other expenses by function – Finance income – Currency differences
EBITDA (ThUS$)     1,140,086       524,650     EBITDA   Profit (loss) + Depreciation and Amortization Expense adjustments + Finance Costs + Income Tax
ROA     21.29 %     9.83 %   Adjusted EBITDA – Depreciation divided by Total Assets net of financial resources less related parties’ investments   (Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity accounted Investments) (LTM)
Indebtedness     0.06       0.50     Net Financial Debt on Equity   Net Financial Debt / Total Equity
 
Disclosure of classes of share capital [text block]
As of December 31, 2021, the Company has placed share issues in the market as described in note 1.7:
 
 
 
As of December 31, 2021
 
 
As of December 31, 2020
 
Type of capital in preferred shares
 
Series A
 
 
Series B
 
 
Series A
 
 
Series B
 
Description of type of capital in shares
Number of authorized shares     142,819,552       142,818,904       142,819,552       120,376,972  
Number of fully subscribed and paid shares     142,819,552       142,818,904       142,819,552       120,376,972  
Number of subscribed, partially paid shares     -       -       -       -  
Increase (decrease) in the number of current shares     -       -       -       -  
Number of outstanding shares     142,818,904       142,818,904       142,819,552       120,376,972  
Number of shares owned by the Company or its subsidiaries or associates     648       -       -       -  
Number of shares whose issuance is reserved due to the existence of options or agreements to dispose shares     -       -       -       -  
Capital amount in shares ThUS$     134,750       1,442,893       134,750       342,636  
Total number of subscribed shares
 
 
142,819,552
 
 
 
142,818,904
 
 
 
142,819,552
 
 
 
120,376,972
 
19.4
 
As of December 31, 2021, and 2020, this caption comprises the following:
 
Disclosures on reserves in equity
  
As of
December 31,
2021
    
As of
December 31,
2020
    
As of
December 31,
2019
  
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Reserve for currency exchange conversion (1)     (7,913 )     (11,569 )     (25,745 )
Reserve for cash flow hedges (2)     (34,025 )     4,491       7,196  
Reserve for gains and losses from financial assets measured at fair value through other comprehensive income (3)     (11,146 )     6,872       (270 )
Reserve for actuarial gains or losses in defined benefit plans (4)     (4,174 )     (8,680 )     (9,490 )
Other reserves     13,103       16,318       14,086  
Total
 
 
(44,155
)
 
 
7,432
 
 
 
(14,223
)
 
(1) This balance reflects retained earnings for changes in the exchange rate when converting the financial statements of subsidiaries whose functional currency is different from the US dollar.
 
(2) The Company maintains, as hedge instruments, financial derivatives related to obligations with the public issued in UF and Chilean pesos, Changes from the fair value of derivatives designated and classified as hedges are recognized under this classification.
 
(3) This caption includes the fair value of equity investments that are not held for trading and that the group has irrevocably opted to recognize in this category upon initial recognition. In the event that such equity instruments are fully or partially disposed of, the proportional accumulated effect of accumulated fair value will be transferred to retained earnings.
 
(4) This caption reflects the effects of changes in actuarial assumptions, mainly changes in the discount rate.
Disclosure of detailed information about movement in other reserves [Text Block]
Movements in other reserves and changes in interest were as follows:
 
 
 
Foreign
currency
translation
difference
(1)
 
 
Reserve for cash flow
hedges
 
 
Reserve for actuarial gains
and losses from defined
benefit plans
 
 
Reserve for gains (losses)
from financial assets
measured at fair value
through other
comprehensive income
 
 
Other
reserves
 
 
Total reserves
 
Movements
 
Before
taxes
 
 
Before
taxes
 
 
Tax
 
 
Before
taxes
 
 
Deferred
taxes
 
 
Before
Taxes
 
 
Deferred
taxes
 
 
Before
taxes
 
 
Reserves
 
 
Deferred
taxes
 
 
Total
reserves
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Opening balance as of January 1, 2019
 
 
(26,307
)
 
 
7,971
 
 
 
-
 
 
 
(8,176
)
 
 
1,292
 
 
 
(760
)
 
 
(351
)
 
 
11,332
 
 
 
(15,940
)
 
 
941
 
 
 
(14,999
)
Movement of reserves
 
 
562
 
 
 
1,908
 
 
 
(2,683
)
 
 
(3,306
)
 
 
700
 
 
 
1,152
 
 
 
(311
)
 
 
2,754
 
 
 
3,070
 
 
 
(2,294
)
 
 
776
 
Realclasification adjustments

 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Closing balance as of December 31, 2019
 
 
(25,745
)
 
 
9,879
 
 
 
(2,683
)
 
 
(11,482
)
 
 
1,992
 
 
 
392
 
 
 
(662
)
 
 
14,086
 
 
 
(12,870
)
 
 
(1,353
)
 
 
(14,223
)
Movement of reserves
 
 
(404
)
 
 
(3,706
)
 
 
1,001
 
 
 
955
 
 
 
(145
)
 
 
9,784
 
 
 
(2,642
)
 
 
2,537
 
 
 
9,166
 
 
 
(1,786
)
 
 
7,380
 
Realclassification adjustment

 
 
14,580
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(305
)
 
 
14,275
 
 
 
-
 
 
 
14,275
 
Closing balance as of December 31, 2020
 
 
(11,569
)
 
 
6,173
 
 
 
(1,682
)
 
 
(10,527
)
 
 
1,847
 
 
 
10,176
 
 
 
(3,304
)
 
 
16,318
 
 
 
10,571
 
 
 
(3,139
)
 
 
7,432
 
Movement of reserves
 
 
4,046
 
 
 
(52,762
)
 
 
14,246
 
 
 
4,648
 
 
 
(142
)
 
 
(12,072
)
 
 
3,818
 
 
 
134
 
 
 
(56,006
)
 
 
17,922
 
 
 
(38,084
)
Realclassification adjustment

 
 
(390
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(3,349
)
 
 
(3,739
)
 
 
-
 
 
 
(3,739
)
Reclassification to retained earnings
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(13,375
)
 
 
3,611
 
 
 
-
 
 
 
(13,375
)
 
 
3,611
 
 
 
(9,764
)
Closing balance as of December 31, 2021
 
 
(7,913
)
 
 
(46,589
)
 
 
12,564
 
 
 
(5,879
)
 
 
1,705
 
 
 
(15,271
)
 
 
4,125
 
 
 
13,103
 
 
 
(62,549
)
 
 
18,394
 
 
 
(44,155
)
 
(1) See details on reserves for foreign currency translation differences on conversion in Note 23, letter b).
Disclosure of detailed information about legal reserves reported in the individual financial statements of the subsidiaries [Text Block]
 
Subsidiary – Associate
 
As of
December 31,
2021
  
As of
December 31,
2020
  
As of
December 31,
2019
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM Iberian S.A.  9,464   9,464   9,464 
SQM Europe NV  1,957   1,957   1,957 
Soquimich European holding B.V.  828   828   828 
Abu Dhabi Fertilizer Industries WWL  455   455   455 
Kore Potash PLC  -   3,414   2,754 
Vitas Fzco.  (38)  (244)  - 
Pavoni & C. Spa  7   -   - 
Doktor Tarsa Tarim Sanayi AS  -   -   305 
Others  (14)  -   - 
Total
 
 
12,659
 
 
 
15,874
 
 
 
15,763
 
Other derivative reserves of the acquisition of subsidiaries, which was already under Company ownership at the acquisition date (IAS 27R)            
SQM Iberian S.A.  (1,677)  (1,677)  (1,677)
Orcoma Estudios SPA  2,121   2,121   - 
Total Other reserves
 
 
13,103
 
 
 
16,318
 
 
 
14,086
 
Disclosure of dividends [text block]
Dividends discounted from equity from January to December 2021 and 2020 were the following:
 
Dividends
 
As of
December 31,
2021
  
As of
December 31,
2020
  
As of
December 31,
2019
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Ajay SQM Chile S.A. Dividends  -   556   882 
Ajay SQM Chile S.A Payable Dividend  577   682   - 
Soquimich Comercial S.A. Special Dividend  5,904   5,904   3,936 
Soquimich Comercial S.A. Payable Dividend  5,927   2,976   1,999 
Non-controlling interests
 
 
12,408
 
 
 
10,118
 
 
 
6,817
 
Interim dividend  157,774   44,986   211,224 
Special dividend  399,998   100,000   - 
Dividends payable  27,681   4,369   66,891 
Owners of the Parent
 
 
585,453
 
 
 
149,355
 
 
 
278,115
 
Dividends discounted from equity for the period
 
 
597,861
 
 
 
159,473
 
 
 
284,932
 
 
Disclosure Of Financial Restrictions Explanatory
The financial restrictions with respect to the bonds issued by the Company for the periods ended December 31, 2021 and 2020 are as follows.
 
   
Financial restrictions (member)
As of December 31, 2021
  
Financial
restrictions
(member)
  
Financial
restrictions
(member)
  
Financial
restrictions
(member)
  
Financial
restrictions
(member)
Instrument with restriction
   Bonds   Bonds   Bonds   Bank loans
Reporting party or subsidiary restriction
               
Creditor
   Bondholders   Bondholders   Bondholders   Scotiabank
Registration number
   H   Q   O   PB 70M
Name of financial indicator or ratio (See definition in Note 20.1)
   NFD/Equity   NFD/Equity   NFD/Equity   NFD/Equity
Measurement frequency
   Quarterly   Quarterly   Quarterly   Quarterly
Restriction (Range, value and unit of measure)
   Must be less than 1.00   Must be less than 1.00   Must be less than 1.00   Must be less than 1.00
Indicator or ratio determined by the company
  
0.06
  
0.06
  
0.06
  
0.06
Fulfilled YES/NO
   yes   yes   yes   yes
 
   
Financial restrictions (member)
As of December 31, 2020
  
Financial
restrictions
(member)
  
Financial
restrictions
(member)
  
Financial
restrictions
(member)
  
Financial
restrictions
(member)
Instrument with restriction
   Bonds   Bonds   Bonds   Bank loans
Reporting party or subsidiary restriction
                
Creditor
   Bondholders   Bondholders   Bondholders   Scotiabank
Registration number
   H   Q   O   PB 70M
Name of financial indicator or ratio (See definition in Note 20.1)
   NFD/Equity   NFD/Equity   NFD/Equity   Debt/Equity
Measurement frequency
   Quarterly   Quarterly   Quarterly   Quarterly
Restriction (Range, value and unit of measure)
   Must be less than 1.00   Must be less than 1.00   Must be less than 1.00   Must be less than 1.44
Indicator or ratio determined by the company
  
0.5
  
0.5
  
0.5
  
1.23
Fulfilled YES/NO
   yes   yes   yes   yes
 
Disclosure Of Noncontrolling interests Explanatory [Table Text Block]
 
 
% of interests in
 
 
Profit (loss) attributable to non-controlling interests
for the year ended
 
 
Equity, non-controlling interests
for the year ended
 
 
Dividends paid to non-controlling interests
for the year ended
 
Subsidiary
 
the ownership

held by non-
controlling interests
 
 
As of
December 31,
2021
 
 
As of
December 31,
2020
 
 
As of
December 31,
2021
 
 
As of
December 31,
2020
 
 
As of
December 31,
2021
 
 
As of
December 31,
2020
 
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM Potasio S.A.
 
 
0.0000001
%
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Ajay SQM Chile S.A.
 
 
49.00000
%
 
 
769
 
 
 
910
 
 
 
8,382
 
 
 
8,189
 
 
 
577
 
 
 
1,238
 
Soquimich Comercial S.A.
 
 
39.36168
%
 
 
5,926
 
 
 
2,976
 
 
 
26,665
 
 
 
32,078
 
 
 
11,831
 
 
 
8,880
 
Comercial Agrorama Ltda.
 
 
30.00000
%
 
 
56
 
 
 
(45
)
 
 
(596
)
 
 
(775
)
 
 
-
 
 
 
-
 
SQM Indonesia S.A.
 
 
20.00000
%
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Agrorama S.A.
 
 
0.00000
%
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
SQM Thailand Limited
 
 
0,00400
%
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1
 
 
 
-
 
 
 
-
 
Total
 
 
 
 
 
 
6,751
 
 
 
3,841
 
 
 
34,451
 
 
 
39,493
 
 
 
12,408
 
 
 
10,118