XML 73 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
Balances and Transactions With Related Parties (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Transactions Between Related Parties [Abstract]  
Summary of Receivables from and Accounts Payable to Related Parties

The balances of accounts receivable and payables between the Company and its non-consolidated related parties are as follows:

 

 

Receivables from related parties

Balance as of

 

 

 

 

 

 

 

12-31-2017

12-31-2016

12-31-2015

Taxpayer ID

Company

Description of the transaction

Term of the transaction

Relationship

Currency

Country

Current

No. 

 

 

 

 

 

 

ThCh$

ThCh$

ThCh$

96.800.570-7

Enel Distribución Chile S.A.

Energy sales

Less than 90 days

Common control

CH$

Chile

42,378,091

35,228,094

44,709,413

96.800.570-7

Enel Distribución Chile S.A.

Tolls

Less than 90 days

Common control

CH$

Chile

10,673

-

-

96.800.570-7

Enel Distribución Chile S.A.

Dividends

Less than 90 days

Common control

CH$

Chile

-

26

-

96.800.570-7

Enel Distribución Chile S.A.

Other services

Less than 90 days

Common control

CH$

Chile

94,981

15,840

501,764

Foreign

Enel Generación Piura S.A.

Other services

Less than 90 days

Common control

CH$

Peru

165,875

346,061

-

96.783.910-8

Empresa Eléctrica de Colina Ltda.

Energy sales

Less than 90 days

Common control

CH$

Chile

-

22

3,009

96.783.910-8

Empresa Eléctrica de Colina Ltda.

Tolls

Less than 90 days

Common control

CH$

Chile

33

22,944

-

96.783.910-8

Empresa Eléctrica de Colina Ltda.

Other services

Less than 90 days

Common control

CH$

Chile

111

-

-

94.271.000-3

Enel Américas S.A.

Other services

Less than 90 days

Parent

CH$

Chile

54,949

152,290

-

76.536.353-5

Enel Chile S.A.

Other services

Less than 90 days

Parent

CH$

Chile

188,902

251,977

265,162

Foreign

Generalima S.A.

Other services

Less than 90 days

Common control

CH$

Peru

-

341,948

-

76.418.940-K

GNL Chile S.A.

Anticipated gas purchase

Less than 90 days

Associate

US$

Chile

18,793,098

16,780,275

15,570,315

76.418.940-K

GNL Chile S.A.

Loans

Less than 90 days

Associate

US$

Chile

-

-

1,498,339

76.788.080-4

GNL Quintero S.A.

Energy sales

Less than 90 days

Associate

CH$

Chile

-

-

571,118

76.107.186-6

Servicios Informáticos e Inmobiliarios Ltda.

Other services

Less than 90 days

Common control

CH$

Chile

-

60,740

18,277

96.800.460-3

Luz Andes Ltda.

Energy sales

Less than 90 days

Common control

CH$

Chile

-

2

2

96.800.460-3

Luz Andes Ltda.

Tolls

Less than 90 days

Common control

CH$

Chile

9

4,917

460

96.806.130-5

Electrogas S.A.

Dividends

Less than 90 days

Associate

CH$

Chile

-

-

1,849,765

96.524.140-K

Empresa Eléctrica Panguipulli S.A.

Energy sales

Less than 90 days

Common control

CH$

Chile

1,031,122

129,755

86,713

96.524.140-K

Empresa Eléctrica Panguipulli S.A.

Other services

Less than 90 days

Common control

CH$

Chile

-

198

198

96.880.800-1

Empresa Eléctrica Puyehue S.A.

Energy sales

Less than 90 days

Common control

CH$

Chile

-

64

64

Foreign

Enel Brasil S.A.

Other services

Less than 90 days

Associate

CH$

Brazil

2,068,594

2,097,313

-

Foreign

PH Chucas S.A.

Other services

Less than 90 days

Common control

CH$

Costa Rica

432,233

1,614,168

1,188,564

Foreign

Endesa Generación S.A.

Commodity derivatives

Less than 90 days

Common control

CH$

Spain

-

587,224

1,858,366

Foreign

Endesa Generación S.A.

Other services

Less than 90 days

Common control

UF

Spain

36,067

36,067

-

Foreign

Endesa Energía S.A.

Other services

Less than 90 days

Common control

CH$

Spain

-

-

232,867

76.126.507-5

Parque Eólico Talinay Oriente S.A.

Energy sales

Less than 90 days

Common control

CH$

Chile

16,994

142,926

59,786

76.126.507-5

Parque Eólico Talinay Oriente S.A.

Tolls

Less than 90 days

Common control

CH$

Chile

-

8

-

76.126.507-5

Parque Eólico Talinay Oriente S.A.

Other services

Less than 90 days

Common control

CH$

Chile

21075

-

-

Foreign

Endesa España S.A.

Other services

Less than 90 days

Common control

CH$

Spain

13,077

13,077

-

76.179.024-2

Parque Eólico Tal Tal S.A.

Energy sales

Less than 90 days

Common control

CH$

Chile

41,487

243,946

215,977

76.179.024-2

Parque Eólico Tal Tal S.A.

Other services

Less than 90 days

Common control

CH$

Chile

23,182

-

-

76.321.458-3

Almeyda Solar S.p.A.

Energy sales

Less than 90 days

Common control

CH$

Chile

50,594

98,353

91,443

76.321.458-3

Almeyda Solar S.p.A.

Other services

Less than 90 days

Common control

CH$

Chile

8,430

-

-

76.052.206-6

Parque Eólico Valle de los Vientos S.A.

Energy sales

Less than 90 days

Common control

CH$

Chile

75,956

81,377

125,727

76.052.206-6

Parque Eólico Valle de los Vientos S.A.

Other services

Less than 90 days

Common control

CH$

Chile

21,075

-

-

Foreign

Compania Energetica Veracruz S.A.C.

Other services

Less than 90 days

Common control

CH$

Peru

758,841

639,233

-

Foreign

Enel Italia Servizi SRL

Other services

Less than 90 days

Common control

CH$

Italy

8,144

8,144

-

Foreign

Enel S.p.A

Other services

Less than 90 days

Parent

CH$

Italy

125,960

125,960

-

Foreign

Enel Trade S.p.A

Commodity derivatives

Less than 90 days

Common control

CH$

Italy

20,751,713

22,321,017

20,397

Extranjera

Enel Trade S.p.A

Gas Sales

Less than 90 days

Common control

US$

Italy

21,484,590

-

-

Extranjera

Enel Trade S.p.A

Other services

Less than 90 days

Common control

US$

Italy

8,511

-

-

Foreign

Emgesa S.A.

Other services

Less than 90 days

Common control

CH$

Colombia

13,746

29,989

-

Foreign

Enel Generación Perú S.A.

Other services

Less than 90 days

Common control

CH$

Peru

-

1,328,268

-

76.412.562-2

Enel Green Power del Sur S.p.A

Energy sales

Less than 90 days

Common control

CH$

Chile

28,835

25,558

-

76.412.562-2

Enel Green Power del Sur S.p.A

Other services

Less than 90 days

Common control

CH$

Chile

131,594

-

-

96.920.110-0

Enel Green Power Chile Ltda.

Other services

Less than 90 days

Common control

CH$

Chile

162,594

-

-

Extranjera

Enel Green Power Colombia SAS

Other services

Less than 90 days

Common control

US$

Colombia

46,557

-

-

Extranjera

Chinango S.A.C.

Other services

Less than 90 days

Common control

US$

Perú

17,410

-

-

Extranjera

Enel Green Power Brasil

Other services

Less than 90 days

Common control

US$

Brazil

47,124

-

-

Extranjera

Enel Green Power Mexico

Other services

Less than 90 days

Common control

US$

México

152,495

-

-

Extranjera

Enel Green Power Perú

Other services

Less than 90 days

Common control

US$

Perú

177,478

-

-

Extranjera

Enel Green Power Italia

Other services

Less than 90 days

Common control

CH$

Italy

262,694

-

-

96.971.330-6

Geotérmica del Norte

Energy sales

Less than 90 days

Common control

CH$

Chile

10,096

-

-

96.971.330-6

Geotérmica del Norte

Other services

Less than 90 days

Common control

US$

Chile

82,830

-

-

 

 

Total

 

 

 

 

109,797,820

82,727,781

68,867,726

 

 

 

 

a)

Accounts payable to related parties:

Payables to related parties

Balance as of

 

 

 

 

 

 

 

12-31-2017

12-31-2016

Taxpayer ID

Company

Description of the transaction

Term of the transaction

Relationship

Currency

Country

Current

Non-Current

Current

Non-Current

No.

 

 

 

 

 

 

ThCh$

ThCh$

ThCh$

ThCh$

Foreign

Comercializadora de Energía del Mercosur S.A.

Other services

Less than 90 days

Associate

AR$

Argentina

-

-

13,574

-

96.800.570-7

Enel Distribución Chile S.A.

Other services

Less than 90 days

Common control

CH$

Chile

50,929

-

124

-

96.800.570-7

Enel Distribución Chile S.A.

Tolls

Less than 90 days

Common control

CH$

Chile

5,469,480

-

7,264,883

-

96.806.130-5

Electrogas S.A.

Other services

Less than 90 days

Associate

CH$

Chile

-

-

257,060

-

96.806.130-5

Electrogas S.A.

Tolls

Less than 90 days

Associate

CH$

Chile

-

-

74,388

-

76.536.353-5

Enel Chile S.A.

Other services

Less than 90 days

Parent

CH$

Chile

762,725

-

1,670,592

-

76.536.353-5

Enel Chile S.A.

Dividends

Less than 90 days

Parent

CH$

Chile

75,296,956

-

85,032,236

-

76.536.353-5

Enel Chile S.A.

Mercantile current account

Less than 90 days

Parent

CH$

Chile

985

-

39,211

-

94.271.000-3

Enel Américas S.A.

Other services

Less than 90 days

Parent

CH$

Chile

1,987

-

-

-

94.271.000-3

Enel Américas S.A.

Other services

Less than 90 days

Parent

CP$

Chile

-

-

14,457

-

76.418.940-K

GNL Chile S.A.

Gas purchase

Less than 90 days

Associate

CH$

Chile

8,100,426

-

4,872,264

-

76.107.186-6

Servicios Informáticos e Inmobiliarios Ltda.

Other services

Less than 90 days

Common control

CH$

Chile

-

-

682,650

-

96.524.140-K

Empresa Eléctrica Panguipulli S.A.

Energy purchase

Less than 90 days

Common control

CH$

Chile

2,568,900

-

1,285,768

-

Foreign

Endesa Generación S.A.

Carbon purchase

Less than 90 days

Common control

CH$

Spain

-

-

486,180

-

Foreign

Endesa Generación S.A.

Other services

Less than 90 days

Common control

CH$

Spain

236,925

-

379,731

-

Foreign

Endesa Generación S.A.

Commodity derivatives

Less than 90 days

Common control

CH$

Spain

-

-

-

-

Foreign

Enel Iberoamérica SRL

Other services

Less than 90 days

Parent

CH$

Spain

97,601

-

183,607

-

Foreign

Enel Produzione S.p.A.

Other services

Less than 90 days

Common control

CH$

Italy

6,768,023

318,518

-

-

Foreign

Enel Produzione S.p.A.

Other services

Less than 90 days

Common control

CH$

Italy

3,271,180

-

-

-

77.017.930-0

Transmisora Eléctrica de Quillota Ltda.

Other services

Less than 90 days

Joint Ventures

CH$

Chile

72,965

-

-

-

77.017.930-0

Transmisora Eléctrica de Quillota Ltda.

Tolls

Less than 90 days

Joint Ventures

CH$

Chile

70,984

-

332,709

-

Foreign

Enel Ingegneria & Ricerca S.p.A

Other services

Less than 90 days

Common control

CH$

Italy

-

-

6,343,845

251,527

76.126.507-5

Parque Eólico Talinay Oriente S.A.

Energy purchase

Less than 90 days

Common control

CH$

Chile

65,826

-

48,432

-

Foreign

Enel Brasil S.A.

Other services

Less than 90 days

Associate

CH$

Brazil

77,680

-

85,864

-

76.179.024-2

Parque Eólico Tal Tal S.A.

Energy purchase

Less than 90 days

Common control

CH$

Chile

2,105,036

-

2,171,862

-

76.321.458-3

Almeyda Solar S.p.A

Energy purchase

Less than 90 days

Common control

CH$

Chile

9,365

-

2,283

-

76.052.206-6

Parque Eólico Valle de los Vientos S.A.

Energy purchase

Less than 90 days

Common control

CH$

Chile

1,261,153

-

475

-

Foreign

Enel S.p.A

Other services

Less than 90 days

Parent

Euro

Italy

128,811

-

79,990

-

Foreign

Enel Trade S.p.A

Commodity derivatives

Less than 90 days

Common control

CH$

Italy

4,184,469

-

1,103,206

-

Foreign

Enel Trade S.p.A

Other services

Less than 90 days

Common control

CH$

Italy

798,030

-

571,754

-

76.412.562-2

Enel Green Power del Sur S.p.A

Energy purchase

Less than 90 days

Common control

CH$

Chile

10,323,525

-

7,406,880

-

76.412.562-2

Enel Green Power del Sur S.p.A

Tolls

Less than 90 days

Common control

CH$

Chile

-

-

42,901

-

76.412.562-2

Enel Green Power del Sur S.p.A

Other services

Less than 90 days

Common control

CH$

Chile

-

-

87,448

-

Foreign

Enel Produzione S.p.A.

Other services

Less than 90 days

Common control

Euro

Italy

-

-

483,665

-

76.722.488-5

Empresa de Transmisión Chena S.A.

Energy purchase

Less than 90 days

Common control

CH$

Chile

43,457

-

-

-

76.722.488-5

Empresa de Transmisión Chena S.A.

Tolls

Less than 90 days

Common control

CH$

Chile

174,766

-

-

-

76.250.019-1

Enel Green Power Chile Ltda.

Other services

Less than 90 days

Common control

CH$

Chile

80,231

-

-

-

Extranjera

Enel Green Power Italia

Other services

Less than 90 days

Common control

CH$

Italy

357,579

-

-

-

Extranjera

Enel Trading Argentina S.R.L.

Other services

Less than 90 days

Associate

AR$

Argentina

13,574

-

-

-

Extranjera

Enel Italia Servizi SRL

Other services

Less than 90 days

Common control

CH$

Italy

469,376

-

-

-

 

 

Total

 

 

 

 

122,862,944

318,518

121,018,039

251,527

 

 

F-1

Summary of Significant Transactions and Effect on Income or Expenses

Transactions with related parties that are not consolidated and their effects on profit or loss are as follows: :

 

 

Transactions with effects on income/expenses

For the years ended

Taxpayer ID No.

 

 

 

 

12-31-2017

12-31-2016

12-31-2015

 

Company

Relationship

Description of Transaction

Country

ThCh$

ThCh$

ThCh$

96.800.570-7

Enel Distribución Chile S.A.

Common control

Energy sales

Chile

374,922,466

374,962,639

337,882,270

96.800.570-7

Enel Distribución Chile S.A.

Common control

Tolls

Chile

4,884,387

4,995,271

2,279,074

96.800.570-7

Enel Distribución Chile S.A.

Common control

Services provided

Chile

1,592,105

12,453

-

96.783.910-8

Empresa Eléctrica de Colina Ltda.

Common control

Electricity tolls

Chile

59,105

42,779

21,641

96.783.910-8

Empresa Eléctrica de Colina Ltda.

Parent

Services provided

Chile

652

2,233

-

94.271.000-3

Enel Américas S.A.

Parent

Services provided

Chile

387,924

498,284

1,467,189

94.271.000-3

Enel Américas S.A.

Parent

Loans

Chile

-

(1,589,749)

(4,545,877)

94.271.000-3

Enel Américas S.A.

Parent

Services received

Chile

-

(979,655)

(6,283,408)

76.536.353-5

Enel Chile S.A. (*)

Parent

Services provided

Chile

-

1,134,766

-

76.536.353-5

Enel Chile S.A. (*)

Parent

Loans

Chile

(754,401)

(420,867)

-

76.536.353-5

Enel Chile S.A. (*)

Parent

Services received

Chile

(11,433,038)

(5,148,683)

-

Foreign

Empresa Distribuidora Sur S.A.

Common control

Services received

Argentina

-

(151,365)

(1,281,486)

Foreign

Empresa Distribuidora Sur S.A.

Common control

Energy sales

Argentina

-

1,879

15,903

96.800.460-3

Luz Andes Ltda.

Common control

Electricity tolls

Chile

6,585

6,294

1,907

Foreign

Compañía Distribuidora y Comercializadora de Energía S.A.

Common control

Energy sales

Colombia

-

19,901,620

69,490,689

Foreign

Compañía Distribuidora y Comercializadora de Energía S.A.

Common control

Energy purchase

Colombia

-

(128,794)

(838,185)

Foreign

Compañía Distribuidora y Comercializadora de Energía S.A.

Common control

Services provided

Colombia

-

15,714

97,342

Foreign

Compañía Distribuidora y Comercializadora de Energía S.A.

Common control

Services received

Colombia

3,844

(17,587)

(142,605)

Foreign

Compañía Distribuidora y Comercializadora de Energía S.A.

Common control

Loans

Colombia

-

11,355

(12,947)

Foreign

Compañía Distribuidora y Comercializadora de Energía S.A.

Common control

Electricity tolls

Colombia

-

(3,864,016)

(24,597,268)

Foreign

Comercializadora de Energía del Mercosur S.A.

Associate

Services received

Argentina

-

(56,368)

(525,165)

Foreign

Empresa de Distribución Eléctrica de Lima Norte S.A.A.

Common control

Energy sales

Peru

-

16,304,643

71,454,196

Foreign

Empresa de Distribución Eléctrica de Lima Norte S.A.A.

Common control

Electricity tolls

Peru

-

(102,171)

(523,969)

Foreign

Empresa de Distribución Eléctrica de Lima Norte S.A.A.

Common control

Services provided

Peru

-

4,889,644

-

Foreign

Empresa de Distribución Eléctrica de Lima Norte S.A.A.

Common control

Services received

Peru

-

-

16,442,636

Foreign

Endesa Latinoamericana S.A.

Common control

Services received

Spain

-

(12,388)

(1,747)

Foreign

Enel Brasil S.A.

Associate

Services provided

Brazil

-

2,044,935

(89,075)

Foreign

Endesa Generación S.A.

Common control

Fuel consumption

Spain

-

(66,297,066)

-

Foreign

Endesa Generación S.A.

Common control

Commodity derivatives

Spain

-

-

(15,030,911)

Foreign

Endesa Generación S.A.

Common control

Services received

Spain

-

-

(2,144,063)

Foreign

Endesa Generación S.A.

Common control

Services provided

Spain

-

-

(23,329)

Foreign

Enel Generación Piura S.A.

Common control

Energy sales

Peru

-

34,935

320,120

Foreign

Enel Generación Piura S.A.

Common control

Energy purchase

Peru

-

(308,224)

(2,337,992)

Foreign

Enel Generación Piura S.A.

Common control

Services provided

Peru

98,421

222,826

608,437

Foreign

Enel Generación Piura S.A.

Common control

Services received

Peru

-

-

(192)

Foreign

Enel Generación Piura S.A.

Common control

Loans

Peru

(135)

(520)

(27,502)

Extranjera

Enel Perú S.A.C.

Common control

Services received

Peru

(181)

-

-

Foreign

Generalima S.A.

Common control

Services provided

Peru

7,405

108,817

151,907

Foreign

Empresa de Energía de Cundinamarca S.A.

Common control

Electricity tolls

Colombia

-

(194,805)

(1,076,426)

Foreign

Empresa de Energía de Cundinamarca S.A.

Common control

Energy sales

Colombia

-

1,161,383

4,239,620

76.788.080-4

GNL Quintero S.A.

Associate

Energy sales

Chile

-

2,356,971

3,260,734

76.788.080-4

GNL Quintero S.A.

Associate

Services received

Chile

-

(37,162)

-

76.788.080-4

GNL Quintero S.A.

Associate

Services provided

Chile

-

960,390

650,390

76.788.080-4

GNL Quintero S.A.

Associate

Electricity tolls

Chile

-

(71,599)

151,088

Foreign

Compañía de Transmisión del Mercosur S.A.

Common control

Electricity tolls

Argentina

-

(95,813)

(811,173)

76.418.940-K

GNL Chile S.A.

Associate

Gas consumption

Chile

(194,163,392)

(116,391,269)

(123,964,573)

76.418.940-K

GNL Chile S.A.

Associate

Loans

Chile

-

(436)

81,749

76.418.940-K

GNL Chile S.A.

Associate

Gas transportation

Chile

-

(49,418,058)

(52,195,582)

76.418.940-K

GNL Chile S.A.

Associate

Services provided

Chile

85,274

82,762

54,377

76.107.186-6

Servicios Informáticos e Inmobiliarios Ltda.

Common control

Services received

Chile

(490,193)

(925,095)

(826,358)

 

 

Summary of Compensation Paid to Members of the Board of Directors

The following tables show details of the compensation paid to the members of the Board of Directors for the years ended December 31, 2017, 2016 and 2015:

 

 

 

 

For the year ended 12-31-2017

 

 

 

Enel Generación 

Board

Board of

Directors’

Committee

Name

    Position

Period in Position

Subsidiaries

 

 

 

ThCh$

ThCh$

ThCh$

Giuseppe Conti (*)

Chairman

01-01-2017 to 12-31-2017

-

-

-

Francesco Giorgianni (*)

Director

01-01-2017 to 12-31-2017

-

-

-

Francesco Buresti (3) (*)

Director

01-01-2017 to 06-27-2017

-

-

-

Enrique Cibié Bluth

Director

01-01-2017 to 12-31-2017

95,729

-

32,648

Jorge Atton Palma

Director

01-01-2017 to 12-31-2017

95,729

-

32,648

Julio Pellegrini Vial

Director

01-01-2017 to 12-31-2017

95,729

-

32,648

Mauro Di Carlo (*)

Director

01-01-2017 to 12-31-2017

-

-

-

Umberto Magrini (*)

Director

01-01-2017 to 12-31-2017

-

-

-

Luca Noviello (*)

Director

01-01-2017 to 12-31-2017

-

-

-

Fabrizio Barderi (4) (*)

Director

08-28-2017 to 12-31-2017

-

-

-

Total

 

 

287,187

-

97,944

 

 

 

 

For the year ended 12-31-2016

 

 

 

Enel Generación 

Board

Board of

Directors’

Name

    Position

Period in Position

Subsidiaries

Committee

 

 

 

ThCh$

ThCh$

ThCh$

Giuseppe Conti (1) (*)

Chairman

4-27-16 to 12-31-16

-

-

-

Enrico Viale (1) (*)

Chairman

1-1-16 to 4-27-16

-

-

-

Francesco Giorgianni (2) (*)

Vice-Chairman

4-27-16 to 12-31-16

-

-

-

Ignacio Mateo Montoya (2) (*)

Vice-Chairman

1-1-16 to 4-27-16

-

-

-

Francesco Buresti (*)

Director

1-1-16 to 12-31-16

-

-

-

Enrique Cibié Bluth

Director

1-1-16 to 12-31-16

98,102

-

29,796

Jorge Atton Palma

Director

1-1-16 to 12-31-16

98,102

-

29,796

Julio Pellegrini Vial (3)

Director

4-27-16 to 12-31-16

73,864

-

23,162

Mauro Di Carlo (3) (*)

Director

4-27-16 to 12-31-16

-

-

-

Umberto Magrini (3) (*)

Director

4-27-16 to 12-31-16

-

-

-

Luca Noviello (3) (*)

Director

4-27-16 to 12-31-16

-

-

-

Felipe Lamarca Claro (3)

Director

1-1-16 to 4-27-16

28,744

-

6,634

Isabel Marshall Lagarrigue (3)

Director

1-1-16 to 4-27-16

28,744

-

-

Vittorio Vagliasindi (3) (*)

Director

1-1-16 to 4-27-16

-

-

-

Francesca Gostinelli (3) (*)

Director

1-1-16 to 4-27-16

-

-

-

Total

 

 

327,556

-

89,388

 

 

 

For the year ended 12-31-2015

 

Name

    Position

Period in Position

Company Board

 

Board of Subsidiaries

Directors Committee

 

 

 

 

ThCh$

 

ThCh$

ThCh$

 

Enrico Viale

Chairman

1-1-15 to 12-31-15

-

 

-

-

 

Ignacio Mateo Montoya

Vice Chairman

1-1-15 to 12-31-15

-

 

-

-

 

Francesco Buresti

Director

1-1-15 to 12-31-15

-

 

-

-

 

Felipe Lamarca Claro

Director

1-1-15 to 12-31-15

 

91,432

 

-

 

32,038

 

Enrique Cibié Bluth

Director

1-1-15 to 12-31-15

 

91,432

 

-

 

32,038

 

Susana Carey Claro

Director

1-1-15 to 4-27-15

 

18,065

 

-

 

7,336

 

Isabel Marshall Lagarrigue

Director

1-1-15 to 12-31-15

 

91,432

 

-

-

 

Vittorio Vagliasindi

Director

1-1-15 to 12-31-15

-

 

-

-

 

Alfredo Arahuetes García

Director

1-1-15 to 4-27-15

 

18,065

 

-

-

 

Jorge Atton Palma

Director

4-27-15 to 12-31-15

 

73,366

 

-

 

24,454

 

Francesca Gostinelli

Director

4-27-15 to 12-31-15

-

 

-

-

 

TOTAL

 

383,792

 

-

 

95,866

 

 

 

(1)

Mr. Giuseppe Conti became Chairman on April 27, 2016, replacing Mr. Enrico Viale.

 

(2)

Mr. Francesco Giorgianni became Vice-Chairman on April 27, 2016 replacing Ignacio Mateo Montoya.

 

(3)

Mr. Julio Pellegrini Vial, Mr. Mauro Di Carlo, Mr. Umberto Magrini and Mr. Luca Noviello became Directors on April 27, 2016, replacing Mr. Felipe Lamarca Claro, Ms. Isabel Marshall Lagarrigue, Mr. Vittorio Vagliasindi and Ms. Francesca Gostinelli.

 

(4)

Mr. Fabrizio Barderi was appointed as Director on August 28, 2017, replacing Mr. Francesco Buresti.

 

(5)

Mr. Julio Pellegrini Vial, Mr. Mauro Di Carlo, Mr. Umberto Magrini and Mr. Luca Noviello became Directors on April 27, 2016, replacing Mr. Felipe Lamarca Claro, Ms. Isabel Marshall Lagarrigue, Mr. Vittorio Vagliasindi and Ms. Francesca Gostinelli.

 

(*)

Mr. Giuseppe Conti, Mr. Enrico Viale, Mr. Francesco Giorgianni, Mr. Ignacio Mateo Montoya, Mr. Francesco Buresti, Mr. Mauro Di Carlo, Mr. Umberto Magrini, Mr. Luca Noviello, Mr. Vittorio Vagliasindi, Ms. Francesca Gostinelli and Mr. Fabrizio Barderi waived their fees and allowances due as the Company’s Directors.

Summary of Key Management Personnel

 

a)

Compensation received by key management personnel

 

Chilean

Company Executives

ID No. 

Name

Position

24.789.926-K

Valter Moro

Chief Executive Officer

13.226.963-7

Juan Alejandro Candia Narvaez (1)

Planning and Control Officer

7.012.475-0

Raúl Arteaga Errazuriz

Chief Financial Officer

8.586.744-K

Luis Alberto Vergara Adamides

Human Resources Officer

7.776.718-5

Luis Ignacio Quiñones  Sotomayor

General Counsel

11.629.179-7

Humberto Espejo Paluz

Marketing and Trading Officer

13.191.190-4

Claudio Helfmann Soto

Business Development Officer

11.565.097-1

Bernardo Canales Fuenzalida

Engineering and Construction Officer

25.467.930-5

Michele Siciliano (5)

Chilean Thermal Generation Officer

10.939.381-9

Claudio Ordenes Tirado (5)

Engineering and Thermal Construction Officer

8.803.928-9

Carlo Carvallo Artigas (5)

Chilean Hydroelectric Generation Officer

 

 

(1)

On April 1, 2017, Mr. Juan Alejandro Candia Narváez was appointed as Planning and Controlling Officer replacing Mr. Jorge Burlando Bonino.

 

Summary of Compensation Received by Key Management Personnel

The compensation of key management personnel for the years ended December 31, 2017, 2016 and 2015 is detailed as follows:

 

 

For the years ended

Remuneration of the Key Management Personnel

12-31-2017

12-31-2016

12-31-2015

 

ThCh$

ThCh$

ThCh$

Cash compensation

2,057,900

1,865,334

1,581,984

Short-term benefits for employees

550,238

553,550

460,027

Other long-term benefits

321,692

252,533

695,840

TOTAL

2,929,830

2,671,417

2,737,851