Estadfos Financieros Consolidados Intermedios
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CAMANCHACA S.A. AND SUBSIDIARIES Consolidated financial statements As of December 31, 2020 CONTENTS Consolidated statements of financial position Consolidated statements of changes in equity Consolidated statements of income by function Consolidated statements of comprehensive income Consolidated statements of cash flows, direct method Notes to the consolidated financial statements ThUS$ - Thousands of US dollars UF - Unidades de fomento (a Chilean peso based inflation indexed currency unit) ThCh$ - Thousands of Chilean pesos CONTENTS Consolidated statements of financial position Consolidated statements of changes in equity Consolidated statements of income by function Consolidated statements of comprehensive income Consolidated statements of cash flows, direct method Notes to the consolidated financial statements NOTE 1 - General information ..................................................................................................... 2 NOTE 2 - Summary of significant accounting policies ................................................................ 4 2.1 Period covered ..................................................................................................................................4 2.2 Basis of preparation .........................................................................................................................4 2.3 New pronouncements ......................................................................................................................4 2.4 Basis of consolidation ..................................................................................................................... 10 2.5 Investments in associates .............................................................................................................. 11 2.6 Segment reporting. ......................................................................................................................... 12 2.7 Foreign currency transactions ....................................................................................................... 12 2.8 Property, plant, and equipment ..................................................................................................... 13 2.9 Biological assets .............................................................................................................................. 14 2.10 Intangible assets other than goodwill ........................................................................................... 15 2.11 Interest costs ................................................................................................................................... 16 2.12 Impairment losses on non-financial assets ................................................................................... 16 2.13 Financial assets and liabilities ....................................................................................................... 16 2.14 Derivative financial instruments and hedge activities ................................................................. 18 2.15 Inventories ...................................................................................................................................... 18 2.16 Statement of cash flow ................................................................................................................... 19 2.17 Classification of balances as current and non-current ................................................................. 19 2.18 Earnings per Share ......................................................................................................................... 19 2.19 Trade and other receivables .......................................................................................................... 20 2.20 Cash and cash equivalents ............................................................................................................ 20 2.21 Share capital .................................................................................................................................. 20 2.22 Trade and other payables .............................................................................................................. 20 2.23 Current and deferred income taxes ............................................................................................... 21 2.24 Employee benefits .......................................................................................................................... 21 2.25 Provisions ....................................................................................................................................... 22 2.26 Revenue recognition ...................................................................................................................... 22 2.27 Dividend policy .............................................................................................................................. 23 2.28 Net distributable income............................................................................................................... 23 2.29 Leasing ........................................................................................................................................... 24 2.30 The environment ............................................................................................................................25 2.31 Fair value calculation .....................................................................................................................25 2.32 Dismantling provision ................................................................................................................... 26 NOTE 3 - Financial risk management ........................................................................................ 27 3.1. Credit risk ....................................................................................................................................... 27 3.2. Liquidity risk ................................................................................................................................... 27 3.3. Market risk ..................................................................................................................................... 28 NOTE 4 - Financial Instruments ................................................................................................. 29 NOTE 5 - Significant accounting estimates and judgments ....................................................... 30 NOTE 6 – Segment reporting ..................................................................................................... 32 NOTE 7 - Cash and cash equivalents .......................................................................................... 35 NOTE 8 - Other current and non-current financial assets........................................................... 36 NOTE 9 - Trade and other receivables ....................................................................................... 36 NOTE 10 - Related party balances and transactions ................................................................... 37 NOTE 11 – Inventories ............................................................................................................... 39 NOTE 12 - Biological assets ....................................................................................................... 40 NOTE 13 - Other current and non-current non-financial assets ................................................. 42 NOTE 14 - Equity method investments ...................................................................................... 42 NOTE 15 - Current and non-current tax assets ........................................................................... 43 NOTE 16 - Intangible assets other than goodwill ....................................................................... 43 NOTE 17 - Property, plant and equipment ................................................................................. 53 NOTE 18 - Income and deferred taxes ....................................................................................... 56 NOTE 19 - Other current and non-current financial liabilities ................................................... 58 NOTE 20 - Lease liabilities......................................................................................................... 63 NOTE 21 - Trade and other payables ......................................................................................... 63 NOTE 22 - Other provisions ....................................................................................................... 65 NOTE 23 – Current tax liabilities ............................................................................................... 66 NOTE 24 - Employee benefit provisions .................................................................................... 66 NOTE 25 – Equity ...................................................................................................................... 67 NOTE 26 - Earnings per share .................................................................................................... 70 NOTE 27 - Operating revenue .................................................................................................... 70 NOTE 28 - Administrative expenses .......................................................................................... 70 NOTE 29 - Distribution costs ....................................................................................................