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Investments Accounted for Using the Equity Method (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure Of Interests In Other Entities [Abstract]  
Schedule of Changes in Investments Accounted for with Equity Method

 

a)

The following tables present the changes in investments accounted for with the equity method for the years ended December 31, 2017 and 2016:

 

Changes in Investments in Associates

Relationship

Country

Functional

Currency

Ownership

Interest

%

Balance as of

1-1-2017

Additions

Share of

Profit

(Loss) (*)

Dividends

Declared

Foreign

Currency

Translation

Other

Comprehensive

Income

Other

Increase

(Decrease)

Balance as of

12-31-2017

Transferred to

assets held for

distribution to

owners

Balance as of

12-31-2017

 

 

 

 

 

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

GNL Chile S.A.

Associate

Chile

U.S. dollar

33.33%

3,982,934

-

841,957

(743,734)

(297,841)

-

-

3,783,316

-

3,783,316

Centrales Hidroeléctricas de Aysén S.A. (*)

Joint venture

Chile

Chilean peso

51.00%

6,441,166

1,943,100

(4,179,034)

-

-

-

-

4,205,232

(4,205,232)

-

Transmisora Eléctrica de Quillota Ltda.

Joint venture

Chile

Chilean peso

50.00%

8,222,763

-

595,996

-

-

-

-

8,818,759

-

8,818,759

Enel Argentina (formerly named Endesa Argentina S.A.)

Associate

Argentina

Argentine peso

0.12%

91,335

-

44,177

-

(29,199)

(1,490)

323

105,146

-

105,146

 

 

 

 

TOTAL

18,738,198

1,943,100

(2,696,904)

(743,734)

(327,040)

(1,490)

323

16,912,453

(4,205,232)

12,707,221

 

 

Changes in Investments in Associates

Relationship

Country

Functional

Currency

Ownership

Interest

%

 

Balance as of

1-1-2016

 

Additions

 

Share of

Profit

(Loss) (*)

 

Dividends

Declared

 

Foreign

Currency

Translation

 

Other

Comprehensive

Income

 

Other

Increase

(Decrease)

 

Balance as of

12-31-2016

 

Transferred to

assets held for

distribution to

owners

 

Balance as of

12-31-2016

 

 

 

 

 

 

 

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

Electrogas S.A. (**)

Associate

Chile

U.S. dollar

 

42.50

%

 

12,042,873

 

-

 

 

5,166,226

 

 

(3,979,095

)

 

(844,372

)

 

607,375

 

-

 

 

12,993,007

 

 

(12,993,007

)

 

-

 

GNL Quinteros S.A. (***)

Associate

Chile

U.S. dollar

 

20.00

%

 

17,137,023

 

-

 

 

2,750,075

 

 

(2,598,035

)

 

(816,094

)

 

(12,298,165

)

 

(4,174,804

)

 

-

 

-

 

 

-

 

GNL Chile S.A.

Associate

Chile

U.S. dollar

 

33.33

%

 

2,662,029

 

-

 

 

1,491,025

 

-

 

 

(170,120

)

-

 

-

 

 

3,982,934

 

-

 

 

3,982,934

 

Centrales Hidroeléctricas de Aysén S.A.

Joint venture

Chile

Chilean peso

 

51.00

%

 

6,280,293

 

 

2,346,000

 

 

(2,185,127

)

-

 

-

 

-

 

-

 

 

6,441,166

 

-

 

 

6,441,166

 

Transmisora Eléctrica de Quillota Ltda.

Joint venture

Chile

Chilean peso

 

50.00

%

 

7,594,153

 

-

 

 

628,610

 

-

 

-

 

-

 

-

 

 

8,222,763

 

-

 

 

8,222,763

 

Enel Argentina (formerly named Endesa Argentina S.A.)

Associate

Argentina

Argentine peso

 

0.34

%

-

 

 

235,090

 

 

23,610

 

-

 

 

(21,044

)

 

(656

)

 

(145,665

)

 

91,335

 

-

 

 

91,335

 

Southern Cone Power Argentina S.A. (****)

Associate

Argentina

Argentine peso

 

2.00

%

-

 

 

3,326

 

 

3,780

 

-

 

 

(1,080

)

 

(63

)

 

(5,963

)

 

-

 

-

 

 

-

 

 

 

 

 

TOTAL

 

 

45,716,371

 

 

2,584,416

 

 

7,878,199

 

 

(6,577,130

)

 

(1,852,710

)

 

(11,691,509

)

 

(4,326,432

)

 

31,731,205

 

 

(12,993,007

)

 

18,738,198

 

 

(*) See Note 5.1.

(**) See Note 5.2

(***) See Note 12.1 b)

(****) In May 2016, Southern Cone Power Argentina S.A. was merged into Enel Argentina S.A., with the latter being the legal successor company.

 
Summary of Financial Information from Financial Statements of Investments in Associates

The following tables show financial information as of December 31, 2017 and 2016 from the financial statements of the investments in associates where the Group has significant influence:

 

 

As of and for the year ended December 31, 2017

 

 

 

 

 

 

 

 

 

Other

 

Investments with

Ownership

Current

Non-current

Current

Non-current

 

 

 

Comprehensive

Comprehensive

Significant Influence

Interest

Assets

Assets

Liabilities

Liabilities

Revenues

Expenses

Profit (Loss)

Income

Income

 

%

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

GNL Chile S.A.

33.33%

71,254,956

148,950

63,340,564

-

687,399,254

(684,873,130)

2,526,124

(24,472)

2,501,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the year ended December 31, 2016

 

 

 

 

 

 

 

 

 

Other

 

Investments with

Ownership

Current

Non-current

Current

Non-current

 

 

 

Comprehensive

Comprehensive

Significant Influence

Interest

Assets

Assets

Liabilities

Liabilities

Revenues

Expenses

Profit (Loss)

Income

Income

 

%

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

GNL Quintero S.A.

20.00%

-

-

-

-

86,471,706

(72,752,059)

13,719,647

(65,571,292)

(51,851,645)

Electrogas S.A.

42.50%

9,318,456

40,746,438

5,683,680

13,809,430

24,126,070

(11,970,244)

12,155,826

(347,369)

11,808,457

GNL Chile S.A.

33.33%

90,283,944

117,703

78,452,153

-

615,229,994

(610,756,322)

4,473,522

(510,406)

3,963,116

 
Schedule of Additional Financial Information on Investments in Joint Ventures

The following tables present information from the financial statements as of December 31, 2017 and 2016, on the main joint ventures:

 

 

Centrales Hidroeléctricas de Aysén

S.A.

Transmisora Eléctrica de Quillota Ltda.

Investments in Joint Ventures

51.00%

51.00%

50.00%

50.00%

 

12-31-2017 (*)

12-31-2016

12-31-2017

12-31-2016

 

ThCh$

ThCh$

ThCh$

ThCh$

Total current assets

-

863,962

7,793,702

6,366,378

Total non-current assets

-

15,159,321

12,036,201

12,034,576

Total current liabilities

-

3,324,706

440,426

245,025

Total non-current liabilities

-

68,081

1,751,963

1,710,406

Cash and cash equivalents

-

860,719

7,310,296

5,716,196

 

 

 

 

 

Revenues

-

-

2,813,493

2,774,316

Depreciation and amortization expense

-

-

(782,322)

(773,093)

Other fixed operating expenses

-

(4,363,197)

(525,471)

-

Interest income

-

42,046

-

134,995

Income tax expense

-

(7,070)

(313,709)

(225,008)

Profit (loss)

-

(4,284,195)

1,191,991

1,257,220

Comprehensive income (loss)

-

(4,284,195)

1,191,991

1,257,220