Information by Segment | 35. INFORMATION BY SEGMENT 35.1. Basis of segmentation The Group’s activities operate under a matrix management structure with dual and cross management responsibilities (based on business and geographical areas of responsibility), and its subsidiaries are engaged in either the generation and the distribution business. The Group adopted a “bottom-up” approach to determine its reportable segments. The generation and networks and the distribution reportable segments were defined based on IFRS 8.9 and on the criteria described in IFRS 8.12. Generation Segment: Distribution and Networks Segments: It should be noted that on December 9, 2022, the Group disposed of its interest in Enel Transmisión Chile, a company belonging to the Distribution and Networks segment until that date. Following the accounting criteria described in note 3.k), the sale of this company did not qualify as a discontinued operation. Therefore, its results up to the sale date are part of the consolidated results of Enel Chile and are included in the results of the Distribution and Networks segment detailed below (see notes 33 (1) and 40). Each of the operating segments generates separate financial information, which is aggregated into one combined set of information for the Generation Business, and another set of combined information for the Distribution and Networks Business at the reportable segment level. In addition, in order to assist the decision-making process, the Planning & Control Department at Parent Company level prepares internal reports containing combined information at the reportable segment level about the main key performance indicators (KPIs), such as: EBITDA 1 , Total Capex 2 , Profit for the Year, Total Energy Generation 3 , Distribution and Networks 4 , among others. The presentation of information under this business approach has been made taking into consideration that the KPIs are similar in each of the following aspects: a) The nature of the activities: generation on one hand, and distribution and networks on the other; b) The nature of the production processes: The Generation Business deals with the generation of electricity and its transmission to dispatch centers, while the Distribution Business does not generate electricity, but distributes electricity to end customers; c) The methods used to distribute its products or provide the services: generators normally sell energy through energy bids, whereas distributors and transmitters deliver energy in their concession area or area where their facilities operate; and d) The nature of the regulatory framework for public electricity services: the regulatory framework distinguishes between Generation companies, which can freely decide whether to sell their energy and capacity to regulated or unregulated customers; and Distribution and Networks companies, which, as natural monopolies, are subject to regulated tariffs and are required free access to their networks. The Company’s highest decision-making authority reviews on a monthly basis these internal reports and uses the KPI information to make decisions on the allocation of resources and the assessment of the performance of the operating segments for each reportable segment. The information disclosed in the following tables is based on the financial information of the companies forming each segment. The accounting policies used to determine the segment information are the same as those used in the preparation of the Group’s consolidated financial statements. 35.2 Financial information by business line Generation Distribution and Networks Holdings and eliminations Total 12-31-2022 12-31-2021 12-31-2022 12-31-2021 12-31-2022 12-31-2021 12-31-2022 12-31-2021 Line of Business ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ASSETS CURRENT ASSETS 1,937,857,990 704,953,231 517,448,833 381,074,530 608,935,496 182,224,732 3,064,242,319 1,268,252,493 Cash and cash equivalents 15,577,716 4,059,117 1,645,018 1,964,579 857,990,965 303,951,444 875,213,699 309,975,140 Other current financial assets 3,328,010 2,747,199 102,529 1,238,240 99,677 55,976 3,530,216 4,041,415 Other current non-financial assets 168,853,772 53,654,303 2,071,666 4,215,329 21,714,914 8,956,365 192,640,352 66,825,997 Trade and other current receivables 941,807,106 319,374,477 498,172,677 344,375,668 69,533,572 24,434,982 1,509,513,355 688,185,127 Current accounts receivable from related companies 686,500,891 262,328,437 3,546,493 11,763,448 (433,778,780) (217,651,797) 256,268,604 56,440,088 Inventories 48,882,081 25,601,423 4,696,300 2,997,869 24,337,712 2,648,418 77,916,093 31,247,710 Current tax assets 46,194,764 37,188,275 6,555,521 14,519,397 67,808,082 59,829,344 120,558,367 111,537,016 Non-current assets or disposal groups held for sale 26,713,650 — 658,629 — 1,229,354 — 28,601,633 — NON-CURRENT ASSETS 6,459,003,403 5,869,269,137 1,503,735,962 1,590,778,338 838,598,048 772,023,628 8,801,337,413 8,232,071,103 Other non-current financial assets 57,198,350 38,915,283 — — 2,629,290 463,782 59,827,640 39,379,065 Other non-current non-financial assets 71,679,797 85,177,306 3,974,661 3,076,764 2,621,883 1,362,578 78,276,341 89,616,648 Trade and other non-current receivables 46,817,168 100,176,330 521,384,397 401,098,758 122,946,080 14,511,252 691,147,645 515,786,340 Non-Current accounts payable from related companies 147,613,887 148,999,820 — — (147,613,887) (142,651,819) — 6,348,001 Investments accounted for using the equity method 12,792,475 6,095,038 — — 4,960,303 3,828,895 17,752,778 9,923,933 Intangible assets other than goodwill 107,712,453 101,567,646 76,341,449 82,839,363 7,387,361 6,814,546 191,441,263 191,221,555 Goodwill 34,282,519 34,159,548 2,240,478 2,240,478 847,090,432 884,678,172 883,613,429 921,078,198 Property, plant and equipment 5,715,336,720 5,031,641,934 866,265,376 1,093,444,389 (9,248,102) (14,397,562) 6,572,353,994 6,110,688,761 Investment property — — — — 7,348,262 7,539,005 7,348,262 7,539,005 Assets for right of use 231,835,979 156,537,247 2,552,157 4,244,878 (689,704) 6,736 233,698,432 160,788,861 Deferred tax assets 33,734,055 165,998,985 30,977,444 3,833,708 1,166,130 9,868,043 65,877,629 179,700,736 TOTAL ASSETS 8,396,861,393 6,574,222,368 2,021,184,795 1,971,852,868 1,447,533,544 954,248,360 11,865,579,732 9,500,323,596 Generation Distribution and Networks Holdings and eliminations Total 12-31-2022 12-31-2021 12-31-2022 12-31-2021 12-31-2022 12-31-2021 12-31-2022 12-31-2021 Line of Business ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ LIABILITIES AND EQUITY CURRENT LIABILITIES 1,815,369,972 1,160,666,050 707,079,955 746,688,757 646,041,953 224,971,410 3,168,491,880 2,132,326,217 Other current financial liabilities 55,252,071 79,273,121 5,288,702 150,674 7,979,010 8,916,095 68,519,783 88,339,890 Current lease liabilities 17,743,500 9,242,799 1,273,849 1,853,542 3,287 8,677 19,020,636 11,105,018 Trade and other current payables 1,077,964,004 668,905,400 371,911,869 262,862,315 294,017,036 46,556,772 1,743,892,909 978,324,487 Current accounts payable to related companies 607,176,390 373,766,861 315,459,903 465,826,390 23,862,281 165,004,707 946,498,574 1,004,597,958 Other current provisions 22,008,065 17,906,766 180,851 1,266,514 713,090 583,037 22,902,006 19,756,317 Current tax liabilities 21,154,968 2,461,869 944,932 9,202,761 312,236,470 1,484,077 334,336,370 13,148,707 Other current non-financial liabilities 14,070,974 9,109,234 12,019,849 5,526,561 7,230,779 2,418,045 33,321,602 17,053,840 NON-CURRENT LIABILITIES 3,232,461,558 2,688,289,480 629,125,828 371,287,907 446,561,163 961,927,094 4,308,148,549 4,021,504,481 Other non-current financial liabilities 876,704,452 902,487,329 — — 1,307,098,804 1,039,387,049 2,183,803,256 1,941,874,378 Non-current lease liabilities 214,705,438 145,264,339 1,959,481 3,292,221 — 499 216,664,919 148,557,059 Trade and other non-current payables 267,218 3,788,764 308,041,157 175,608,162 487 486 308,308,862 179,397,412 Non-current accounts payable to related companies 1,742,214,913 1,245,386,779 281,625,788 142,651,760 (876,743,988) (87,979,442) 1,147,096,713 1,300,059,097 Other long-term provisions 177,512,333 181,398,929 11,957,910 12,319,020 — 394,765 189,470,243 194,112,714 Deferred tax liabilities 201,374,515 192,175,894 — 11,639,461 (2,358,021) (6,398,405) 199,016,494 197,416,950 Non-current provisions for employee benefits 19,682,689 17,787,446 24,452,845 24,641,998 18,563,881 16,522,142 62,699,415 58,951,586 Other non-current non-financial liabilities — — 1,088,647 1,135,285 — — 1,088,647 1,135,285 EQUITY 3,349,029,863 2,725,266,838 684,979,012 853,876,204 354,930,428 (232,650,144) 4,388,939,303 3,346,492,898 Equity attributable to owners of the parent 3,349,029,863 2,725,266,838 684,979,012 853,876,204 354,930,428 (232,650,144) 4,097,200,895 3,097,868,353 Issued capital 1,270,222,769 1,264,108,957 177,568,664 230,137,980 2,434,312,037 2,387,856,533 3,882,103,470 3,882,103,470 Retained earnings 1,900,047,598 1,455,385,686 778,754,348 946,912,262 (204,369,129) (799,111,653) 2,474,432,817 1,603,186,295 Issuance premiums 85,511,492 85,511,492 273,307 354,220 (85,784,799) (85,865,712) — — Other reserves 93,248,004 (79,739,297) (271,617,307) (323,528,258) (1,789,227,681) (1,735,529,312) (2,259,335,392) (2,387,421,412) Non-controlling interests — — — — — — 291,738,408 248,624,545 Total Liabilities and Equity 8,396,861,393 6,574,222,368 2,021,184,795 1,971,852,868 1,447,533,544 954,248,360 11,865,579,732 9,500,323,596 The Holdings and eliminations column corresponds to transactions between companies in different lines of business and country, primarily purchases and sales of energy and services. Generation Distribution and Networks Holdings and eliminations Total 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 Line of Business ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ STATEMENTS OF COMPREHENSIVE INCOME (LOSS) REVENUES AND OTHER OPERATING INCOME 3,877,758,513 1,953,287,738 1,577,422,263 1,454,721,924 1,201,833,293 1,382,068,220 (376,048,574) (299,891,496) (374,088,286) 4,956,431,863 2,855,229,535 2,585,402,197 Revenues 3,302,181,412 1,934,131,175 1,543,647,794 1,449,144,572 1,193,549,267 1,376,425,433 (372,325,894) (297,998,038) (371,688,910) 4,379,000,090 2,829,682,404 2,548,384,317 Energy sales 2,625,836,969 1,803,343,706 1,494,203,779 1,334,971,825 1,103,758,191 1,270,159,653 (405,592,652) (321,853,728) (383,626,832) 3,555,216,142 2,585,248,169 2,380,736,600 Other sales 672,104,106 129,626,809 38,825,239 6,719,051 5,347,333 6,601,069 38,084,659 21,936,360 13,444,564 716,907,816 156,910,502 58,870,872 Other services rendered 4,240,337 1,160,660 10,618,776 107,453,696 84,443,743 99,664,711 (4,817,901) 1,919,330 (1,506,642) 106,876,132 87,523,733 108,776,845 Other operating income 575,577,101 19,156,563 33,774,469 5,577,352 8,284,026 5,642,787 (3,722,680) (1,893,458) (2,399,376) 577,431,773 25,547,131 37,017,880 RAW MATERIALS AND CONSUMABLES USED (2,573,293,127) (1,346,981,551) (616,852,308) (1,194,700,166) (974,857,661) (1,116,324,483) 368,469,226 310,533,808 358,731,152 (3,399,524,067) (2,011,305,404) (1,374,445,639) Energy purchases (1,102,539,973) (660,360,745) (177,049,909) (1,139,342,609) (933,785,293) (1,060,494,642) 356,664,541 297,153,754 372,681,097 (1,885,218,041) (1,296,992,284) (864,863,454) Fuel consumption (587,063,837) (374,868,794) (231,176,490) — — — — — — (587,063,837) (374,868,794) (231,176,490) Transportation expenses (305,760,332) (159,477,763) (113,704,101) (17,909,689) (12,947,272) (23,694,571) 28,150,078 20,686,811 (4,141,015) (295,519,943) (151,738,224) (141,539,687) Other miscellaneous supplies and services (577,928,985) (152,274,249) (94,921,808) (37,447,868) (28,125,096) (32,135,270) (16,345,393) (7,306,757) (9,808,930) (631,722,246) (187,706,102) (136,866,008) CONTRIBUTION MARGIN 1,304,465,386 606,306,187 960,569,955 260,021,758 226,975,632 265,743,737 (7,579,348) 10,642,312 (15,357,134) 1,556,907,796 843,924,131 1,210,956,558 Other work performed by the entity and capitalized 23,738,963 13,352,715 15,581,738 16,574,703 17,403,271 9,805,315 4,256,019 401,210 152,263 44,569,685 31,157,196 25,539,316 Employee benefits expense (72,744,313) (71,617,409) (65,564,485) (39,078,134) (49,357,037) (37,496,730) (46,416,946) (42,370,708) (34,165,533) (158,239,393) (163,345,154) (137,226,748) Other expenses, by nature (195,666,710) (126,899,337) (121,366,276) (77,662,552) (71,488,295) (79,580,559) 4,294,415 8,836,807 10,353,501 (269,034,847) (189,550,825) (190,593,334) GROSS OPERATING INCOME 1,059,793,326 421,142,156 789,220,932 159,855,775 123,533,571 158,471,763 (45,445,860) (22,490,379) (39,016,903) 1,174,203,241 522,185,348 908,675,792 Depreciation and amortization expense (183,459,507) (164,579,061) (185,479,080) (56,293,022) (47,931,057) (45,583,947) 1,479,578 1,582,462 1,106,008 (238,272,951) (210,927,656) (229,957,019) Impairment losses (reversal of impairment losses) recognized in profit or loss (2,286,438) (33,035,731) (698,453,039) — — — 738,739 136,877 646,598 (1,547,699) (32,898,854) (697,806,441) Impairment gains and reversals of impairment losses (Impairment losses) determined in accordance with IFRS 9. (1,992,280) (691,132) (1,305,341) (20,030,616) (17,419,025) (12,998,719) (2,458) (655,018) (863,647) (22,025,354) (18,765,175) (15,167,707) OPERATING INCOME 872,055,101 222,836,232 (96,016,528) 83,532,137 58,183,489 99,889,097 (43,230,001) (21,426,058) (38,127,944) 912,357,237 259,593,663 (34,255,375) FINANCIAL RESULT (85,132,092) (62,697,134) (80,090,891) (20,577,980) (11,685,010) 5,929,058 (13,229,033) (82,677,420) (38,272,941) (118,939,105) (157,059,564) (112,434,774) Financial income 13,008,285 8,178,108 15,080,015 29,585,814 19,109,146 22,717,208 7,820,486 (866,854) (1,636,763) 50,414,585 26,420,400 36,160,460 Cash and cash equivalents 18,295 29,479 597,718 4,038,512 1,093,452 1,562,194 15,842,151 2,136,870 5,164,145 19,898,958 3,259,801 7,324,057 Other financial income 12,989,990 8,148,629 14,482,297 25,547,302 18,015,694 21,155,014 (8,021,665) (3,003,724) (6,800,908) 30,515,627 23,160,599 28,836,403 Financial costs (115,872,168) (94,212,401) (59,088,322) (50,482,680) (30,325,667) (17,696,544) (27,263,185) (49,505,048) (50,623,905) (193,618,033) (174,043,116) (127,408,771) Bank loans (347,388) (2,465,972) (7,112,931) (184) — (33,244) (11,242,572) (261,725) (4,855) (11,590,144) (2,727,697) (7,151,030) Secured and unsecured obligations (50,378,424) (47,518,870) (47,654,290) — — — (42,035,639) (38,471,477) (36,613,957) (92,414,063) (85,990,347) (84,268,247) Others (65,146,356) (44,227,559) (4,321,101) (50,482,496) (30,325,667) (17,663,300) 26,015,026 (10,771,846) (14,005,093) (89,613,826) (85,325,072) (35,989,494) Income from indexation units 609,680 3,385,938 (703,130) 4,023,279 1,851,124 1,124,304 1,229,931 660,458 1,664,594 5,862,890 5,897,520 2,085,768 Foreign exchange profits (losses) 17,122,111 19,951,221 (35,379,454) (3,704,393) (2,319,613) (215,910) 4,983,735 (32,965,976) 12,323,133 18,401,453 (15,334,368) (23,272,231) Positive 167,251,274 89,910,296 120,757,605 43,076,163 67,179,990 20,978,492 193,183,643 178,120,351 (10,034,714) 403,511,080 335,210,637 131,701,383 Negative (150,129,163) (69,959,075) (156,137,059) (46,780,556) (69,499,603) (21,194,402) (188,199,908) (211,086,327) 22,357,847 (385,109,627) (350,545,005) (154,973,614) Share of profit (loss) of associates and joint ventures accounted for using the equity method 4,014,081 3,157,673 2,424,250 — 361 — (732,840) 19,375 1,085,142 3,281,241 3,177,409 3,509,392 Other gains (losses) 935,428 10,137,284 9,478,528 — 2,171,056 10,287 981,045,868 (2,171,056) — 981,981,296 10,137,284 9,488,815 Gain (loss) from other investments 124,652 10,137,284 94,490 — 2,171,056 10,287 981,045,868 (2,171,056) — 981,170,520 10,137,284 104,777 Gain (loss) from the sale of assets 810,776 — 9,384,038 — — — — — — 810,776 — 9,384,038 Profit (loss) before taxes 791,872,518 173,434,055 (164,204,641) 62,954,157 48,669,896 105,828,442 923,853,994 (106,255,159) (75,315,743) 1,778,680,669 115,848,792 (133,691,942) Income tax (151,330,979) (24,666,990) 97,419,625 7,698,062 2,275,431 (23,421,217) (326,063,963) 7,252,901 7,306,699 (469,696,880) (15,138,658) 81,305,107 PROFIT (LOSS) 640,541,539 148,767,065 (66,785,016) 70,652,219 50,945,327 82,407,225 597,790,031 (99,002,258) (68,009,044) 1,308,983,789 100,710,134 (52,386,835) Profit (loss) attributable to 640,541,539 148,767,065 (66,785,016) 70,652,219 50,945,327 82,407,225 597,790,031 (99,002,258) (68,009,044) 1,308,983,789 100,710,134 (52,386,835) Profit (loss) attributable to owners of the parent — — — — — — — — — 1,252,082,258 85,153,969 (50,860,313) Profit (loss) attributable to non-controlling interests — — — — — — — — — 56,901,531 15,556,165 (1,526,522) Generation Distribution and Networks Holdings and eliminations Total 12-31-2022 12-31-2021 12-31-2020 12-31-2022 12-31-2021 12-31-2020 12-31-2022 12-31-2021 12-31-2020 12-31-2022 12-31-2021 12-31-2020 ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ STATEMENT OF CASH FLOWS Net cash flows from (used in) operating activities 689,196,260 445,854,355 551,979,917 91,074,469 17,684,402 111,689,249 (35,491,916) (50,645,942) 92,197,032 744,778,813 412,892,815 755,866,198 Net cash flows from (used in) investing activities (990,157,962) (604,078,037) (100,557,328) (98,077,760) (85,111,489) (111,939,127) 1,543,807,101 (47,365,284) (342,154,935) 455,571,379 (736,554,810) (554,651,390) Net cash flows from (used in) financing activities 315,350,620 157,788,515 (469,832,875) 9,965,731 67,203,137 1,578,034 (953,972,710) 68,239,857 340,585,507 (628,656,359) 293,231,509 (127,669,334) The Holding, and eliminations column corresponds to transactions between companies in different lines of business and country, primarily purchases and sales of energy and services . |