Assets | Note* | As of December 31, 2023, as reported to the CMF | Subsequent event adjustment | As of December 31, 2023, as filed with the Form 20-F |
ThUS$ | ThUS$ | ThUS$ | ||
Current Assets | ||||
Cash and cash equivalents | 9.1 | 1,041,369 | - | 1,041,369 |
Other current financial assets | 12.1 | 1,325,843 | - | 1,325,843 |
Other current non-financial assets | 16 | 136,750 | - | 136,750 |
Trade and other receivables, current | 12.2 | 907,181 | - | 907,181 |
Trade receivables due from related parties, current | 11.5 | 43,253 | - | 43,253 |
Current inventories | 10 | 1,774,594 | - | 1,774,594 |
Current tax assets | 25.1 | 637,033 | - | 637,033 |
Total current assets other than those classified as held for sale or disposal | 5,866,023 | - | 5,866,023 | |
Non-current assets or groups of assets classified as held for sale | 118 | - | 118 | |
Total non-current assets held for sale | 118 | - | 118 | |
Total current assets | 5,866,141 | - | 5,866,141 | |
Non-current assets | ||||
Other non-current financial assets | 12.1 | 248,281 | - | 248,281 |
Other non-current non-financial assets | 16 | 373,700 | - | 373,700 |
Non-current trade receivables | 12.2 | 2,559 | - | 2,559 |
Investments accounted for under the equity method | 7.1-8.1 | 86,417 | - | 86,417 |
Intangible assets other than goodwill | 14.1 | 155,874 | - | 155,874 |
Goodwill | 14.1 | 958 | - | 958 |
Property, plant and equipment, net | 15.1 | 3,609,937 | - | 3,609,937 |
Right-of-use assets | 13.1 | 73,193 | - | 73,193 |
Non-current tax assets | 25.1 | 986,274 | (926,733) | 59,541 |
Deferred tax assets | 25.3 | 302,236 | - | 302,236 |
Total non-current assets | 5,839,429 | (926,733) | 4,912,696 | |
Total assets | 11,705,570 | (926,733) | 10,778,837 |
Liabilities and Equity | Note* | As of December 31, 2023, as reported to the CMF | Subsequent event adjustment | As of December 31, 2023, as filed with the Form 20-F |
ThUS$ | ThUS$ | ThUS$ | ||
Current liabilities | ||||
Other current financial liabilities | 12.4 | 1,256,499 | - | 1,256,499 |
Lease liabilities, current | 13.2 | 18,192 | - | 18,192 |
Trade and other payables, current | 12.5 | 449,633 | - | 449,633 |
Current trade payables due to related parties | 11.6 | 2,346 | - | 2,346 |
Other current provisions | 18.1 | 392,322 | - | 392,322 |
Current tax liabilities | 25.2 | 20,890 | 162,743 | 183,633 |
Provisions for employee benefits, current | 17.1 | 23,946 | - | 23,946 |
Other current non-financial liabilities | 18.3 | 187,305 | - | 187,305 |
Total current liabilities | 2,351,133 | 162,743 | 2,513,876 | |
Non-current liabilities | ||||
Other non-current financial liabilities | 12.4 | 3,213,422 | - | 3,213,422 |
Non-current lease liabilities | 13.2 | 56,966 | - | 56,966 |
Other non-current provisions | 18.1 | 60,450 | - | 60,450 |
Deferred tax liabilities | 25.3 | 394,688 | - | 394,688 |
Non-current provisions for employee benefits | 17.1 | 62,006 | - | 62,006 |
Total non-current liabilities | 3,787,532 | - | 3,787,532 | |
Total liabilities | 6,138,665 | 162,743 | 6,301,408 | |
Equity | ||||
Equity attributable to owners of the Parent | 19 | |||
Share capital | 1,577,643 | - | 1,577,643 | |
Retained earnings | 3,838,162 | (1,089,476) | 2,748,686 | |
Other reserves | 114,870 | - | 114,870 | |
Equity attributable to owners of the Parent | 5,530,675 | (1,089,476) | 4,441,199 | |
Non-controlling interests | 36,230 | - | 36,230 | |
Total equity | 5,566,905 | (1,089,476) | 4,477,429 | |
Total liabilities and equity | 11,705,570 | (926,733) | 10,778,837 |
As of December 31, 2023, as reported to the CMF | Subsequent event adjustment | As of December 31, 2023, as filed with the Form 20-F | ||
Consolidated Statements of Income | Note* | |||
ThUS$ | ThUS$ | ThUS$ | ||
Revenue | 21.1 | 7,467,490 | - | 7,467,490 |
Cost of sales | 21.2 | (4,392,436) | - | (4,392,436) |
Gross profit | 3,075,054 | - | 3,075,054 | |
Other income | 21.3 | 40,557 | - | 40,557 |
Administrative expenses | 21.4 | (175,765) | - | (175,765) |
Other expenses | 21.5 | (93,400) | - | (93,400) |
Impairment of financial assets and reversal of impairment losses | 21.7 | 202 | - | 202 |
Other (losses) gains | 21.6 | (2,254) | - | (2,254) |
Income from operating activities | 2,844,394 | - | 2,844,394 | |
Finance income | 21.1 | 122,726 | - | 122,726 |
Finance costs | 15-21.9 | (138,402) | - | (138,402) |
Share of profit of associates and joint ventures accounted for using the equity method | 7.1-8.1 | 593 | - | 593 |
Foreign currency translation differences | 24 | (22,293) | - | (22,293) |
Income before taxes | 2,807,018 | - | 2,807,018 | |
Income tax expense | 25.3 | (787,275) | (1,089,476) | (1,876,751) |
Net income | 2,019,743 | (1,089,476) | 930,267 | |
Net income attributable to: | ||||
Net income attributable to owners of the parent | 2,012,667 | (1,089,476) | 923,191 | |
Net income attributable to non-controlling interests | 7,076 | - | 7,076 | |
2,019,743 | (1,089,476) | 930,267 | ||
Basic earnings per share (US$ per share) | 3.26 | 7.0462 | - | 3.2320 |
Diluted earnings per share (US$ per share) | 3.26 | 7.0462 | - | 3.2320 |
As of December 31, 2023, as reported to the CMF | Subsequent event adjustment | As of December 31, 2023, as filed with the Form 20-F | |
Consolidated Statements of Comprehensive Income | |||
ThUS$ | ThUS$ | ThUS$ | |
Net income | 2,019,743 | (1,089,476) | 930,267 |
Items of other comprehensive income that will not be reclassified to income for the year, before taxes | |||
(Losses) gain from measurements of defined benefit plans | (5,843) | - | (5,843) |
Gains (losses) from financial assets measured at fair value through other comprehensive income | 190,509 | - | 190,509 |
Total other comprehensive income that will not be reclassified to income for the year, before taxes | 184,666 | - | 184,666 |
Items of other comprehensive income that will be reclassified to income for the year, before taxes | |||
Foreign currency exchange gains (losses) | 3,177 | - | 3,177 |
Cash flow hedges- effective portion of changes in far value | 126 | - | 126 |
Cash flow hedges-reclassified to income for the year | 18,566 | - | 18,566 |
Total other comprehensive income that will be reclassified to income for the year | 21,869 | - | 21,869 |
Other items of other comprehensive income, before taxes | 206,535 | - | 206,535 |
Income taxes related to items of other comprehensive income that will not be reclassified to income for the year | |||
Income tax benefit (expense) relating to measurement of defined benefit pension plans through other comprehensive income | 1,582 | - | 1,582 |
Income tax (expense) benefit relating to gains (losses) on financial assets measured irrevocably at fair value through other comprehensive income | (57,242) | - | (57,242) |
Total income tax (expense) benefit relating to components of other comprehensive income that will not be reclassified to income for the year | (55,660) | - | (55,660) |
Income taxes relating to components of other comprehensive income that will be reclassified to income for the year | |||
Income tax (expense) benefit related to gains (losses) from cash flow hedges | (5,047) | - | (5,047) |
Total income tax (expense) benefit relating to components of other comprehensive income that will be reclassified to income for the year | (5,047) | - | (5,047) |
Total other comprehensive income (loss) | 145,828 | - | 145,828 |
Total comprehensive income | 2,165,571 | (1,089,476) | 1,076,095 |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of the parent | 2,158,444 | (1,089,476) | 1,068,968 |
Comprehensive income attributable to non-controlling interest | 7,127 | - | 7,127 |
2,165,571 | (1,089,476) | 1,076,095 |
Consolidated Statements of Changes in Equity | Share capital |
Foreign currency translation reserve |
Hedge reserve |
Gains and losses from financial assets reserve |
Actuarial gains and losses from defined benefit plans reserve |
Accumulated other comprehensive income |
Other miscellaneous reserves |
Total reserves |
Retained earnings |
Equity attributable to owners of the Parent |
Non- controlling interests | Total Equity |
ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | ThUS$ | |
Equity at January 1, 2023 | 1,577,643 | (8,042) | (14,575) | (10,973) | (9,198) | (42,788) | 11,663 | (31,125) | 3,350,114 | 4,896,632 | 35,369 | 4,932,001 |
Net income | - | - | - | - | - | - | - | - | 2,012,667 | 2,012,667 | 7,076 | 2,019,743 |
Other comprehensive income | - | 3,121 | 13,645 | 133,267 | (4,256) | 145,777 | - | 145,777 | - | 145,777 | 51 | 145,828 |
Comprehensive income | - | 3,121 | 13,645 | 133,267 | (4,256) | 145,777 | - | 145,777 | 2,012,667 | 2,158,444 | 7,127 | 2,165,571 |
Dividends | - | - | - | - | - | - | - | - | (1,524,619) | (1,524,619) | (6,266) | (1,530,885) |
Other increases in equity | - | - | - | - | - | - | 218 | 218 | - | 218 | - | 218 |
Total changes in equity | - | 3,121 | 13,645 | 133,267 | (4,256) | 145,777 | 218 | 145,995 | 488,048 | 634,043 | 861 | 634,904 |
Equity as of December 31, 2023 | 1,577,643 | (4,921) | (930) | 122,294 | (13,454) | 102,989 | 11,881 | 114,870 | 3,838,162 | 5,530,675 | 36,230 | 5,566,905 |
Subsequent event adjustment | - | - | - | - | - | - | - | - | (1,089,476) | (1,089,476) | - | (1,089,476) |
Equity as of December 31, 2023, as filed with the Form 20-F | 1,577,643 | (4,921) | (930) | 122,294 | (13,454) | 102,989 | 11,881 | 114,870 | 2,748,686 | 4,441,199 | 36,230 | 4,477,429 |
CHEMICAL AND MINING COMPANY OF CHILE INC. | |
(Registrant) | |
Date: April 29, 2024 | /s/ Gerardo Illanes |
By: Gerardo Illanes | |
CFO |
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SQM - Sociedad Química y Minera de Chile published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 10:14:03 UTC.