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Deferred Taxes (Tables)
 12 Months Ended
Dec. 31, 2017
Major Components Of Tax Expense Income [Abstract]  
Summary of Deferred Income Tax Assets and Liabilities

 

a)

The following is the analysis of deferred income tax assets/(liabilities) presented in the consolidated statements of financial position as of December 31, 2017 and 2016

 

Deferred tax assets/(liabilities)

Opening balance as of January 1, 2017

 

Changes

 

Closing balance as of December 31, 2017

 

 

Balance as of December 31, 2017

 

Deferred tax assets/(liabilities)

Opening balance as of January 1, 2017

 

Recognized in profit or loss

 

Recognized in other comprehensive income

 

Recognized directly in equity

 

Foreign exchange currency translation

 

Transfers to (from) non-current assets and disposal groups held for sale

 

Other increases (decreases)

 

Closing balance as of December 31, 2017

 

 

Assets

 

Liabilities

 

Deferred tax assets/(liabilities)

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

 

ThCh$

 

ThCh$

 

Depreciation

 

(209,128,557

)

 

(23,672,231

)

 

-

 

 

-

 

 

61,222

 

 

-

 

 

(1,503

)

 

(232,741,069

)

 

 

146,622

 

 

(232,887,691

)

Amortization

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Accumulations (or accruals)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Provisions

 

20,198,527

 

 

(226,700

)

 

-

 

 

-

 

 

-

 

 

-

 

 

342,283

 

 

20,314,110

 

 

 

20,314,110

 

 

-

 

Foreign currency contracts

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Post-employement benefits obligations

 

1,639,108

 

 

249,625

 

 

(68,034

)

 

-

 

 

-

 

 

-

 

 

(342,283

)

 

1,478,416

 

 

 

1,504,434

 

 

(26,018

)

Revaluations of financial instruments

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Tax loss

 

11,911,396

 

 

(2,375,294

)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

9,536,102

 

 

 

9,536,102

 

 

-

 

Assets classified as held to distribute to owners

 

-

 

 

30,938,936

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

30,938,936

 

 

 

30,938,936

 

 

-

 

Other

 

8,798,644

 

 

(2,260,498

)

 

(2

)

 

-

 

 

(28,356

)

 

-

 

 

3,669,801

 

 

10,179,589

 

 

 

14,962,228

 

 

(4,782,639

)

Deferred tax asses/(liabilities)

 

(166,580,882

)

 

2,653,838

 

 

(68,036

)

 

-

 

 

32,866

 

 

-

 

 

3,668,298

 

 

(160,293,916

)

 

 

77,402,432

 

 

(237,696,348

)

Offsetting of deferred tax assets/(liabilities)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(77,402,432

)

 

77,402,432

 

Deferred tax assets/(liabilities) after offsetting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(160,293,916

)

 

 

-

 

 

(160,293,916

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax assets/(liabilities)

Opening balance as of January 1, 2016

 

Changes

 

Closing balance as of December 31, 2016

 

 

Balance as of December 31, 2016

 

Deferred tax assets/(liabilities)

Opening balance as of January 1, 2016

 

Recognized in profit or loss

 

Recognized in other comprehensive income

 

Recognized directly in equity

 

Foreign exchange currency translation

 

Transfers to (from) non-current assets and disposal groups held for sale

 

Other increases (decreases)

 

Closing balance as of December 31, 2016

 

 

Assets

 

Liabilities

 

Deferred tax assets/(liabilities)

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

ThCh$

 

 

ThCh$

 

ThCh$

 

Depreciation

 

(236,853,008

)

 

27,607,871

 

 

-

 

 

-

 

 

79,558

 

 

34,135

 

 

2,887

 

 

(209,128,557

)

 

 

5,465,105

 

 

(214,593,662

)

Amortization

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Accumulations (or accruals)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Provisions

 

17,384,299

 

 

2,839,332

 

 

-

 

 

-

 

 

-

 

 

(25,104

)

 

-

 

 

20,198,527

 

 

 

20,540,810

 

 

(342,283

)

Foreign currency contracts

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Post-employement benefits obligations

 

1,401,345

 

 

(214,061

)

 

474,498

 

 

-

 

 

-

 

 

(22,674

)

 

-

 

 

1,639,108

 

 

 

1,639,108

 

 

-

 

Revaluations of financial instruments

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Tax loss

 

12,720,468

 

 

(809,016

)

 

-

 

 

-

 

 

-

 

 

-

 

 

(56

)

 

11,911,396

 

 

 

11,911,396

 

 

-

 

Assets classified as held to distribute to owners

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

 

 

-

 

Other

 

7,454,508

 

 

(381,398

)

 

(5

)

 

5,555,110

 

 

12,645

 

 

-

 

 

(3,842,216

)

 

8,798,644

 

 

 

17,744,166

 

 

(8,945,522

)

Deferred tax asses/(liabilities)

 

(197,892,388

)

 

29,042,728

 

 

474,493

 

 

5,555,110

 

 

92,203

 

 

(13,643

)

 

(3,839,385

)

 

(166,580,882

)

 

 

57,300,585

 

 

(223,881,467

)

Offsetting of deferred tax assets/(liabilities)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(38,604,462

)

 

38,604,462

 

Deferred tax assets/(liabilities) after offsetting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(166,580,882

)

 

 

18,696,123

 

 

(185,277,005

)

 
Effects of Deferred Tax on Components of Other Comprehensive Income

The effects of deferred tax on the components of Other Comprehensive Income are as follows:

 

 

For the year ended December 31, 2017

For the year ended December 31, 2016

For the year ended December 31, 2015

Effects of Deferred Tax on the Components of Other

Comprehensive Income

Amount

Before Income

Tax

Income

Tax

Expense

(Benefit)

Amount

After Income

Tax

Amount

Before Income

Tax

Income

Tax

Expense

(Benefit)

Amount

After Income

Tax

Amount

Before Income

Tax

Income

Tax

Expense

(Benefit)

Amount

After Income

Tax

 

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

Available-for-sale financial assets

8

(2)

6

18

(5)

13

(441,585)

10

(441,575)

Cash flow hedge

97,309,516

(26,139,149)

71,170,367

86,959,338

(20,924,809)

66,034,529

(135,791,934)

35,463,169

(100,328,765)

Foreign currency translation

(3,690,798)

-

(3,690,798)

(139,529,128)

-

(139,529,128)

(244,110,922)

-

(244,110,922)

Investments accounted for using the equity method

-

-

-

(11,904,709)

-

(11,904,709)

(2,475,299)

-

(2,475,299)

Actuarial income on defined-benefit pension plans

251,976

(68,034)

183,942

(1,757,402)

474,498

(1,282,904)

(216,648)

(5,476)

(222,124)

Income tax related to components of other

   income and expenses debited or credited

   to Equity

93,870,702

(26,207,185)

67,663,517

(66,231,883)

(20,450,316)

(86,682,199)

(383,036,388)

35,457,703

(347,578,685)

 
Summary of Reconciliation of Deferred Tax Movements Between Balance Sheet and Comprehensive Income

The reconciliation of deferred tax movements between balance sheet and comprehensive income for the years 2017 and 2016 and 2015 is as follows:

 

 

For the years ended

 

12-31-2017

12-31-2016

12-31-2015

 

ThCh$

ThCh$

ThCh$

Increase (decrease) of the deferred taxes related to continuing operations

(68,036)

474,493

830,036

Deferred taxes on hedge movements (revenue and derivatives hedge)

(26,139,149)

(21,528,043)

31,318,550

Increase (decrease) of the deferred taxes related to discontinuing operations

-

603,234

3,309,117

Total

(26,207,185)

(20,450,316)

35,457,703