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Right-of-use assets and Lease liabilities
 12 Months Ended
Dec. 31, 2020
Presentation of leases for lessee [abstract]  
Disclosure of leases [text block]
Nota 14
Right-of-use assets and Lease liabilities
 
 
14.1
Right-of-use assets
 
 
Reconciliation of changes in
right-of-use assets as of
December 31, 2020, net value
 
Land
 
 
Buildings
 
 
Other
property,
plant and
equipment
 
 
Transport
equipment
 
 
Supplies
and
accessories
 
 
Office
equipment
 
 
Network and
communication
equipment
 
 
Mining
assets
 
 
IT
equipment
 
 
Energy
generating
assets
 
 
Constructions
in progress
 
 
Machinery,
plant and
equipment
 
 
Buildings,
plant and
equipment
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Opening Balance
 
 
-
 
 
 
25,742
 
 
 
-
 
 
 
3,356
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
8,066
 
 
 
37,164
 
Additions  -   1,782   -   -   -   -   -   -   -   -   -   121   1,903 
Depreciation expenses  -   (3,535)  -   (877)  -   -   -   -   -   -   -   (4,019)  (8,431)
Other increases / decreases  -   (612)  -   -   -   -   -   -   -   -   -   -   (612)
Total changes
 
 
-
 
 
 
(2,365
)
 
 
-
 
 
 
(877
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(3,898
)
 
 
(7,140
)
Closing balance
 
 
-
 
 
 
23,377
 
 
 
-
 
 
 
2,479
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
4,168
 
 
 
30,024
 
 
Reconciliation of changes in
right-of-use assets as of
December 31, 2019, net value
 
Land
 
 
Buildings
 
 
Other
property,
plant and equipment
 
 
Transport
equipment
 
 
Supplies
and
accessories
 
 
Office
equipment
 
 
Network and
communication
equipment
 
 
Mining
assets
 
 
IT
equipment
 
 
Energy
generating
assets
 
 
Constructions
in progress
 
 
Machinery,
plant and
equipment
 
 
Buildings,
plant and
equipment
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Opening Balance
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Initial recognition of IFRS 16  -   29,289   -   3,893   -   -   -   -   -   -   -   11,933   45,115 
Balance recognized in IFRS 16
 
 
-
 
 
 
29,289
 
 
 
-
 
 
 
3,893
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
11,933
 
 
 
45,115
 
Depreciation expenses  -   (3,547)  -   (537)  -   -   -   -   -   -   -   (3,867)  (7,951)
Total changes
 
 
-
 
 
 
(3,547
)
 
 
-
 
 
 
(537
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(3,867
)
 
 
(7,951
)
Closing balance
 
 
-
 
 
 
25,742
 
 
 
-
 
 
 
3,356
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
8,066
 
 
 
37,164
 
 
The Company’s lease activities included the following aspects:
(a)The nature of the Company’s lease activities is related to contracts focused primarily on business operations, mainly rights-of-use to equipment and real estate,
(b)The Company does not estimate any significant future cash outflows that would potentially expose the Company, and these are likewise not reflected in the measurement of lease liabilities, related to concepts such as: (i) Variable lease payments, (ii) Expansion options and termination options, (iii) Guaranteed residual value and (iv) Leases not yet undertaken but committed by the Company.
(c)These are not subject to restrictions or agreements imposed by contracts.
 
There were no sales transactions with leases later in the period.
 
14.2
Lease liabilities
 
 
 
As of December 31, 2020
 
 
As of December 31, 2019
 
Lease liabilities
 
Current
 
 
Non-Current
 
 
Current
 
 
Non-Current
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
Lease liabilities  5,528   25,546   7,694   30,203 
Total
 
 
5,528
 
 
 
25,546
 
 
 
7,694
 
 
 
30,203
 
 
i)
Current and non-current lease liabilities
 
Debtor
 
Creditor
 
Contract
 
Type of
 
Maturity
   
Tax ID No.
 
Company
 
Country
 
TAX ID No.
 
Supplier
 
Country
 
indexation unit
 
amortization
 
date
 
Effective rate
 
79.626.800-K SQM Salar S.A. Chile 83.776.000-3 Empresa Constructora Contex Ltda Chile UF Monthly 
03-31-2021
  0% 
79.626.800-K SQM Salar S.A. Chile 76.146.110-9 Transportes, Construcción y Servicios Cribach Ltda Chile Peso Monthly 09-01-2020  
8.93
%		 
79.626.800-K SQM Salar S.A. Chile 76.065.017-K SKM Industrial Ltda. Chile Peso Monthly 06-01-2022  8.93% 
79.626.800-K SQM Salar S.A. Chile 96.862.140-8 Ameco Chile S.A. Chile Peso Monthly 04-24-2021  4.07% 
79.947.100-0 SQM Industrial S.A. Chile 96.856.400-5 El Trovador S.A. Chile UF Monthly 02-08-2030  3.10% 
79.947.100-0 SQM Industrial S.A. Chile 76.976.580-8 Sociedad Comercial Grandleasing Chile Ltda Chile UF Monthly 08-26-2024  2.72% 
79.768.170-9 Soquimich Comercial S.A. Chile 76.729.932-K SAAM Logistics S.A. Chile UF Monthly 08-01-2022  0.81% 
79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 07-06-2023  1.30% 
79.768.170-9 Soquimich Comercial S.A. Chile 91.577.000-2 Muelles de Penco S.A. Chile UF Monthly 07-06-2023  1.30% 
79.768.170-9 Soquimich Comercial S.A. Chile 76.722.280-7 Inmobiliaria Chincui SPA Chile UF Monthly 05-01-2028  3.38% 
79.768.170-9 Soquimich Comercial S.A. Chile 96.565.580-8 Compañía de Leasing Tattersall S.A. Chile UF Monthly 05-24-2021  6.18% 
Foreign SQM North America Corp. USA Foreign Paces West LL. USA Dollar Monthly 12-31-2027  3.36% 
Foreign SQM North America Corp. USA Foreign Hawkins Nunmber One, LLC USA Dollar Monthly 08-31-2024  3.33% 
Foreign SQM Comercial de México S.A. de C.V. Mexico Foreign Onni Ensenada S.A. de C.V. Mexico Dollar Monthly 12-03-2026  3.45% 
Foreign SQM Comercial de México S.A. de C.V. Mexico Foreign Madol Inmobiliaria S.A. de C.V. Mexico Mexican Peso Monthly 10-31-2023  7.84% 
Foreign SQM Comercial de México S.A. de C.V. Mexico Foreign Madol Inmobiliaria S.A. de C.V. Mexico Mexican Peso Monthly 10-31-2023  7.84% 
Foreign SQM Europe N.V. Belgium Foreign Straatsburgdok N.V. Belgium Euro Monthly 03-31-2027  1.30% 
Foreign SQM Australia PTY Australia Foreign The trust Company (Australia) Pty Ltd Australia Australian dollar Monthly 01-31-2021  3.60% 
 
(a)As of December 31, 2020 and December 31, 2019, current lease liabilities are analyzed as follows:
 
Debtor
 
Creditor
 
Nominal amounts as of December 31,2020
 
 
Amounts at amortized cost as of December 31, 2020
 
Company
 
Supplier
 
Up to 90 days
 
 
90 days to 1 year
 
 
Total
 
 
Up to 90 days
 
 
90 days to 1 year
 
 
Total
 
   
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM Salar S.A. Empresa Constructora Contex Ltda  536   -   536   536   -   536 
SQM Salar S.A. Transportes, Construcción y Servicios Cribach Ltda  -   -   -   -   -   - 
SQM Salar S.A. SKM Industrial Ltda.  202   607   809   181   566   747 
SQM Salar S.A. Ameco Chile S.A.  135   -   135   134   -   134 
SQM Industrial S.A. El Trovador S.A.  466   1,399   1,865   353   1,076   1,429 
SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda  180   540   720   164   498   662 
Soquimich Comercial S.A. SAAM Logistics S.A.  -   -   -   -   -   - 
Soquimich Comercial S.A. Muelles de Penco S.A.  41   124   165   54   107   161 
Soquimich Comercial S.A. Muelles de Penco S.A.  44   133   177   57   115   172 
Soquimich Comercial S.A. Inmobiliaria Chincui SPA  157   471   628   123   376   499 
Soquimich Comercial S.A. Compañía de Leasing Tattersall S.A.  55   18   73   54   18   72 
SQM North America Corp. Paces West LL.  53   163   216   41   128   169 
SQM North America Corp. Hawkins Nunmber One, LLC  31   96   127   28   85   113 
SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V.  99   296   395   81   246   327 
SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V.  20   59   79   16   49   65 
SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V.  7   21   28   6   18   24 
SQM Europe N.V. Straatsburgdok N.V.  91   302   393   83   279   362 
SQM Australia PTY The trust Company (Australia) Pty Ltd  14   42   56   14   42   56 
Total
 
 
 
 
2,131
 
 
 
4,271
 
 
 
6,402
 
 
 
1,925
 
 
 
3,603
 
 
 
5,528
 
 
Debtor
 
Creditor
 
Nominal amounts as of December 31,2019
 
 
Amounts at amortized cost as of December 31, 2019
 
Company
 
Supplier
 
Up to 90 days
 
 
90 days to 1 year
 
 
Total
 
 
Up to 90 days
 
 
90 days to 1 year
 
 
Total
 
 
 
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM Salar S.A.
 
Empresa Constructora Contex Ltda
 
 
554
 
 
 
1,662
 
 
 
2,216
 
 
 
506
 
 
 
1,578
 
 
 
2,084
 
SQM Salar S.A.
 
Transportes, Construcción y Servicios Cribach Ltda
 
 
74
 
 
 
124
 
 
 
198
 
 
 
71
 
 
 
121
 
 
 
192
 
SQM Salar S.A.
 
SKM Industrial Ltda.
 
 
202
 
 
 
607
 
 
 
809
 
 
 
166
 
 
 
519
 
 
 
685
 
SQM Salar S.A.
 
Ameco Chile S.A.
 
 
135
 
 
 
404
 
 
 
539
 
 
 
129
 
 
 
394
 
 
 
523
 
SQM Industrial S.A.
 
El Trovador S.A.
 
 
466
 
 
 
1,399
 
 
 
1,865
 
 
 
343
 
 
 
1,044
 
 
 
1,387
 
SQM Industrial S.A.
 
Sociedad Comercial Grandleasing Chile Ltda
 
 
180
 
 
 
540
 
 
 
720
 
 
 
159
 
 
 
485
 
 
 
644
 
Soquimich Comercial S.A.
 
SAAM Logistics S.A.
 
 
106
 
 
 
142
 
 
 
248
 
 
 
103
 
 
 
140
 
 
 
243
 
Soquimich Comercial S.A.
 
Muelles de Penco S.A.
 
 
45
 
 
 
60
 
 
 
105
 
 
 
44
 
 
 
59
 
 
 
103
 
Soquimich Comercial S.A.
 
Muelles de Penco S.A.
 
 
48
 
 
 
64
 
 
 
112
 
 
 
47
 
 
 
64
 
 
 
111
 
Soquimich Comercial S.A.
 
Inmobiliaria Chincui SPA
 
 
157
 
 
 
471
 
 
 
628
 
 
 
119
 
 
 
363
 
 
 
482
 
Soquimich Comercial S.A.
 
Compañía de Leasing Tattersall S.A.
 
 
55
 
 
 
164
 
 
 
219
 
 
 
51
 
 
 
157
 
 
 
208
 
SQM North America Corp.
 
Paces West LL.
 
 
49
 
 
 
156
 
 
 
205
 
 
 
34
 
 
 
116
 
 
 
150
 
SQM North America Corp.
 
Hawkins Nunmber One, LLC
 
 
31
 
 
 
93
 
 
 
124
 
 
 
26
 
 
 
81
 
 
 
107
 
SQM Comercial de México S.A. de C.V.
 
Onni Ensenada S.A. de C.V.
 
 
99
 
 
 
296
 
 
 
395
 
 
 
78
 
 
 
238
 
 
 
316
 
SQM Comercial de México S.A. de C.V.
 
Madol Inmobiliaria S.A. de C.V.
 
 
20
 
 
 
59
 
 
 
79
 
 
 
15
 
 
 
46
 
 
 
61
 
SQM Comercial de México S.A. de C.V.
 
Madol Inmobiliaria S.A. de C.V.
 
 
7
 
 
 
21
 
 
 
28
 
 
 
5
 
 
 
16
 
 
 
21
 
SQM Europe N.V.
 
Straatsburgdok N.V.
 
 
91
 
 
 
273
 
 
 
364
 
 
 
82
 
 
 
247
 
 
 
329
 
SQM Australia PTY
 
The trust Company (Australia) Pty Ltd
 
 
16
 
 
 
32
 
 
 
48
 
 
 
16
 
 
 
32
 
 
 
48
 
Total
 
 
 
 
2,335
 
 
 
6,567
 
 
 
8,902
 
 
 
1,994
 
 
 
5,700
 
 
 
7,694
 
 
As of December 31, 2020 and December 31, 2019, the Non-current lease liabilities are analyzed as follows:
 
Debtor
 
Creditor
 
Nominal amounts as of December 31,2020
 
 
Amounts at amortized cost as of December 31, 2020
 
Company
 
Supplier
 
1-2
Years
 
 
2-3
Years
 
 
3-4
Years
 
 
Total
 
 
1-2
Years
 
 
2-3
Years
 
 
3-4
Years
 
 
Total
 
   
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM Salar S.A. Empresa Constructora Contex Ltda  -   -   -   -   -   -   -   - 
SQM Salar S.A. Transportes, Construcción y Servicios Cribach Ltda  -   -   -   -   -   -   -   - 
SQM Salar S.A. SKM Industrial Ltda.  337   -   -   337   330   -   -   330 
SQM Salar S.A. Ameco Chile S.A.  -   -   -   -   -   -   -   - 
SQM Industrial S.A. El Trovador S.A.  3,730   5,594   5,905   15,229   2,993   4,847   5,622   13,462 
SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda  1,441   420   -   1,861   1,379   417   -   1,796 
Soquimich Comercial S.A. SAAM Logistics S.A.  -   -   -   -   -   -   -   - 
Soquimich Comercial S.A. Muelles de Penco S.A.  262   -   -   262   163   96   -   259 
Soquimich Comercial S.A. Muelles de Penco S.A.  281   -   -   281   175   103   -   278 
Soquimich Comercial S.A. Inmobiliaria Chincui SPA  1,255   1,883   889   4,027   1,047   1,707   867   3,621 
Soquimich Comercial S.A. Compañía de Leasing Tattersall S.A.  -   -   -   -   -   -   -   - 
SQM North America Corp. Paces West LL.  452   730   258   1,440   377   668   253   1,298 
SQM North America Corp. Hawkins Nunmber One, LLC  263   90   -   353   249   89   -   338 
SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V.  789   1,151   -   1,940   689   1,094   -   1,783 
SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V.  144   -   -   144   133   -   -   133 
SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V.  52   -   -   52   48   -   -   48 
SQM Europe N.V. Straatsburgdok N.V.  816   1,339   113   2,268   768   1,308   113   2,189 
SQM Australia PTY The trust Company (Australia) Pty Ltd  11   -   -   11   11   -   -   11 
Total
  
 
 
9,833
 
 
 
11,207
 
 
 
7,165
 
 
 
28,205
 
 
 
8,362
 
 
 
10,329
 
 
 
6,855
 
 
 
25,546
 
  
Debtor
 
Creditor
 
Nominal amounts as of December 31,2019
 
 
Amounts at amortized cost as of December 31, 2019
 
Company
 
Supplier
 
1-2 Years
 
 
2-3 Years
 
 
3-4 Years
 
 
Total
 
 
1-2 Years
 
 
2-3 Years
 
 
3-4 Years
 
 
Total
 
   
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
 
ThUS$
 
SQM Salar S.A. Empresa Constructora Contex Ltda  554   -   -   554   547   -   -   547 
SQM Salar S.A. Transportes, Construcción y Servicios Cribach Ltda  -   -   -   -   -   -   -   - 
SQM Salar S.A. SKM Industrial Ltda.  1,147   -   -   1,147   1,077   -   -   1,077 
SQM Salar S.A. Ameco Chile S.A.  135   -   -   135   134   -   -   134 
SQM Industrial S.A. El Trovador S.A.  3,730   5,594   7,373   16,697   2,903   4,701   7,287   14,891 
SQM Industrial S.A. Sociedad Comercial Grandleasing Chile Ltda  1,441   1,141   -   2,582   1,342   1,115   -   2,457 
Soquimich Comercial S.A. SAAM Logistics S.A.  -   -   -   -   -   -   -   - 
Soquimich Comercial S.A. Muelles de Penco S.A.  -   -   -   -   -   -   -   - 
Soquimich Comercial S.A. Muelles de Penco S.A.  -   -   -   -   -   -   -   - 
Soquimich Comercial S.A. Inmobiliaria Chincui SPA  1,255   1,883   1,464   4,602   1,013   1,651   1,455   4,119 
Soquimich Comercial S.A. Compañía de Leasing Tattersall S.A.  73   -   -   73   72   -   -   72 
SQM North America Corp. Paces West LL.  439   709   508   1,656   351   627   492   1,470 
SQM North America Corp. Hawkins Nunmber One, LLC  257   224   -   481   234   217   -   451 
SQM Comercial de México S.A. de C.V. Onni Ensenada S.A. de C.V.  789   1,184   362   2,335   665   1,088   356   2,109 
SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V.  157   65   -   222   135   63   -   198 
SQM Comercial de México S.A. de C.V. Madol Inmobiliaria S.A. de C.V.  57   24   -   81   49   23   -   72 
SQM Europe N.V. Straatsburgdok N.V.  801   1,295   564   2,660   744   1,248   559   2,551 
SQM Australia PTY The trust Company (Australia) Pty Ltd  55   -   -   55   55   -   -   55 
Total
  
 
 
10,890
 
 
 
12,119
 
 
 
10,271
 
 
 
33,280
 
 
 
9,321
 
 
 
10,733
 
 
 
10,149
 
 
 
30,203
 
 
Other lease disclosures
 
Total lease expenses related to lease payments were ThUS$ 61,705 and ThUS$ 56,051 for the periods ended December 31, 2020 and 2019. See Note 23.8.
 
Expenses related to variable payments not included in lease liabilities were MUS$
1,133
and MUS$
1,096
for the periods ending December 31, 2020 and 2019.
 
Income from subleases on right-of-use assets were ThUS$ 176 and ThUS$ 261 as of December 31, 2020 and 2019, respectively.
 
Payments for contractual operating leases are disclosed in Note 5.2 Liquidity Risk.