| Disclosure of financial instruments [text block] | Note 13 Financial instruments Financial instruments are detailed as follows: 13.1 Types of other financial assets Description of other financial assets 12/31/2018 ThUS$ 12/31/2017 ThUS$ Financial assets at amortized cost (1) 291,790 360,941 Derivative financial instruments - For hedging 18,238 - - At fair value through profit or loss (2) 2,693 6,038 Total other current financial assets 312,721 366,979 Investments classified as available for sale at fair value through profit or loss - 9,179 Financial assets at fair value through other comprehensive income 3,631 - Derivative financial instruments - For hedging 13,425 8,910 Financial assets at amortized cost (3) 75 24,790 Total other non-current financial assets 17,131 42,879 (1) Corresponds to term deposits whose maturity date is greater than 90 days and less than 360 days from the investment date constituted in the following financial institutions: (2) Correspond to forwards and options that were not classified as hedging instruments (See detail in Note 13.3). (3) SQM Potassium S.A. contributed ThUS$24,745 to Western Australia Lithium (WAL). As of December 31, 2017, this had not been legally incorporated as a Company and the funds remained in trust pending transfer to WAL. Institution 12/31/2018 ThUS$ 12/31/2017 ThUS$ Banco Santander 23,124 163,269 Banco de Crédito e Inversiones 145,834 71,748 Banco Itaú-Corpbanca 70,719 77,527 Banco Security 27,215 28,592 Scotiabank Sud Americano 24,898 13,764 Banco Chile - 4,834 Banco BBVA Chile - 1,207 Total 291,790 360,941 13.2 Trade and other receivables 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$$ ThUS$ Trade receivables 429,150 - 429,150 412,321 - 412,321 Prepayments 16,147 - 16,147 16,177 - 16,177 Other receivables 19,558 2,275 21,833 18,377 1,912 20,289 Total trade and other receivables 464,855 2,275 467,130 446,875 1,912 448,787 12/31/2018 12/31/2017 Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net Assets before allowances Allowance for doubtful trade receivables Assets for trade receivables, net ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Receivables related to credit operations, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Trade receivables, current 445,670 (16,520 ) 429,150 427,400 (15,079 ) 412,321 Prepayments, current 16,990 (843 ) 16,147 16,877 (700 ) 16,177 Other receivables, current 23,863 (4,305 ) 19,558 23,409 (5,032 ) 18,377 Current trade and other receivables 40,853 (5,148 ) 35,705 40,286 (5,732 ) 34,554 Other receivables, non-current 2,275 - 2,275 1,912 - 1,912 Non-current receivables 2,275 - 2,275 1,912 - 1,912 Total trade and other receivables 488,798 (21,668 ) 467,130 469,598 (20,811 ) 448,787 Portfolio stratification, continued The Company’s policy is to require guarantees (such as letters of credit, guarantee clauses and others) and/or maintaining insurance policies for certain accounts as deemed necessary by management. Uncollateralized portfolio As of December 31, 2018 the detail of the uncollateralized portfolio is as follows: 2018 Total uncollateralized portfolio Past due segments Number of customers non- renegotiated portfolio Gross non- renegotiated portfolio ThUS$ Number of customers renegotiated portfolio Gross renegotiated portfolio ThUS$ Current 1,429 403,805 136 668 1-30 days 1,284 17,899 390 596 31-60 days 940 8,063 154 118 61-90 days 661 2,147 41 75 91-120 days 498 1,210 27 47 121-150 days 85 385 16 29 151-180 days 49 177 21 176 181-210 days 14 1,289 41 231 211-250 days 12 107 101 242 >250 days 1,756 7,258 305 1,148 Total 6,728 442,340 1,232 3,330 As of December 31, 2017 the detail of the uncollateralized portfolio is as follows: 2017 Total uncollateralized portfolio Past due segments Number of customers non- renegotiated portfolio Gross non- renegotiated portfolio ThUS$ Number of customers renegotiated portfolio Gross renegotiated portfolio ThUS$ Current 3,039 344,802 23 706 1-30 days 1,598 41,510 376 924 31-60 days 824 8,813 130 272 61-90 days 756 3,740 50 119 91-120 days 548 7,367 22 54 121-150 days 182 2,914 22 56 151-180 days 443 5,602 45 75 181-210 days 365 4,470 27 45 211-250 days 682 112 29 138 >250 days 1,837 3,050 350 2,631 Total 10,274 422,380 1,074 5,020 Accounts Receivable 1 to 30 31 to 60 61 to 90 Over 90 Total 2018 Current days days days days ThUS$ Expected Loss Rate 0 % 0 % 87 % 100 % 100 % Total Gross Book Value 404,473 18,495 8,181 2,222 12,299 445,670 Deterioration Estimate - - 7,147 2,222 12,299 21,668 Accounts Receivable 1 to 30 31 to 60 61 to 90 Over 90 Total 2017 Current days days days days ThUS$ Expected Loss Rate 0 % 0 % 0 % 27 % 74 % Total Gross Book Value 345,508 42,434 9,085 3,859 26,514 427,400 Deterioration Estimate - - - 1,061 19,750 20,811 As of December 31, 2018 and December 31, 2017, movements in provisions are as follows : 12/31/2018 12/31/2017 ThUS$ ThUS$ Provision Impairment Accounts receivable at the beginning of the Period 34,936 31,616 Adjustment to Starting Balance through New Model Calculations (IFRS 9) 2,301 - Increase / (decrease) impairment of accounts receivable for the period to profit and loss (2,967 ) 8,037 Use of Provision Applied to Accounts Receivable (1,636 ) (4,717 ) Impairment of Accounts Receivable Provision at the beginning of the Period (1)+(2) 32,634 34,936 (1) Trade and Other Receivables Provision 21,668 20,811 (2) Current Related Party Receivables Provision 10,966 14,125 Recovery of Insurance 827 126 Impairment of Accounts Receivable Provision 32,634 34,936 Renegotiated Provision 2,056 2,580 Non-renegotiated Provision 30,578 32,356 Credit risk concentration. Credit risk concentration with respect to trade receivables is reduced due to the great number of entities in the Company’s client base and their distribution throughout the world. 13.3 Hedging assets and liabilities The balance represents derivative instruments measured at fair value which have been classified as hedges from exchange and interest rate risks related to the total obligations associated with bonds in Chilean pesos and UF in Chilean pesos. As of December 31, 2017, the notional amount of cash flows in Cross Currency Swap contracts agreed upon in US dollars amounted to ThUS$ 461,659, and as of December 31, 2017 such contracts amounted to ThUS$ 266,335 . Hedging assets with underlying debt Derivative instruments (Fwds) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 13,516 (3,004 ) 8,256 - 8,256 Hedging liabilities with underlying debt Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 (17,318 ) 16,636 1,541 - 1,541 Hedging assets with underlying investments Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2018 18,146 19,911 (1,765 ) - (1,765 ) Hedging assets with underlying debt Derivative instruments (Fwds) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 8,910 5,641 2,170 - 2,170 Hedging liabilities with underlying debt Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 17,128 33,696 41 - 41 Hedging liabilities with underlying investments Derivative instruments (CCS) Effect on profit or loss for the period Derivative instruments Hedging reserve in equity before tax Deferred tax hedging reserve in equity Hedging reserve in equity ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ December 31, 2017 (20,159 ) (20,256 ) 97 - 97 The balances in the “effect on profit or loss for the period” column consider the amounts reclassified from other comprehensive income to the statement of comprehensive income. Derivative contract maturities are detailed as follows: Series Contract amount Currency Maturity date ThUS$ H 155,214 UF 01/05/2023 O 58,748 UF 02/01/2022 P 134,228 UF 01/15/2028 The Company uses cross currency swap derivative instruments to hedge the possible financial risk associated with the volatility of the exchange rate associated with Chilean pesos and UF. The objective is to hedge the exchange rate financial risks associated with bonds payable. Hedges are documented and tested to measure their effectiveness. Based on a comparison of critical terms, hedging is highly effective, given that the hedged amount is consistent with obligations maintained for bonds denominated in Chilean pesos and UF. Likewise, hedging contracts are denominated in the same currencies and have the same expiration dates of bond principal and interest payments. Hedge Accounting The Company classifies derivative instruments as hedging that may include derivative or embedded derivatives either as fair value hedge derivative instruments, cash flow hedge derivative instruments, or hedge derivative instruments for net investment in a business abroad. a) Fair value hedge Changes in fair values of derivative instruments classified as fair value hedge derivative instruments are accounted for in gains and losses immediately along with any change in the fair value of the hedged item that is attributable to the risk being hedged. b) Cash flow hedges Cash flow hedges cover exposure to the cash flow variations attributable to a risk associated with a specific transaction that is very likely to be executed, which may have material effects on the results of the Company. The Company documents the relationship between hedge instruments and the hedged item along with the objectives of its risk management and strategy to carry out different hedging transactions. In addition, upon commencement of the period hedged and then on a quarterly basis, the Company documents whether hedge instruments have been efficient and met the objective of hedging market fluctuations. For this purpose, we use the effectiveness test. The hedge instruments are classified as effective or not effective on the basis of the effectiveness test results. At present, hedges are classified as effective on the basis of the effectiveness tests. This note includes the detail of fair values of derivatives classified as hedging instruments. 13.4 Financial liabilities Other current and non-current financial liabilities As of December 31, 2018 and December 31, 2017, the detail is as follows: 31/12/2018 31/12/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Liabilities at amortized cost - Bank borrowings 300 68,870 69,170 163,568 - 163,568 - Obligations with the public (bonds) 15,145 1,249,479 1,264,624 13,494 1,031,507 1,045,001 Derivative financial instruments - For hedging 5,285 12,033 17,318 37,287 - 37,287 - At fair value through profit or loss 2,855 - 2,855 5,979 - 5,979 Total 23,585 1,330,382 1,353,967 220,328 1,031,507 1,251,835 Current and non-current bank borrowings As of December 31, 2018 and December 31, 2017, the detail is as follows: 12/31/2018 12/31/2017 ThUS$ ThUS$ Long-term bank borrowings 68,870 - Short-term bank borrowings - 163,568 Current portion of long-term loans 300 - Short-term borrowings and current portion of long-term borrowings 69,170 163,568 Total bank borrowings 69,170 163,568 a) Bank borrowings, current: As of December 31, 2018 and December 31, 2017, the detail of this caption is as follows: Currency or Nominal Debtor Creditor adjustment Effective rate Tax ID No Company Country Tax ID No, Financial institution Country index Repayment Vencimiento rate 93,007,000-9 SQM.S.A. Chile 0-E Scotiabank Cayman USA US$ Upon maturity 05/29/2023 3.60 % 3.98 % Foreign Nitratos Naturais do Chile Lim Brazil 0-E Banco ITAU Brasil Brasil BRL Upon maturity 01/31/2019 5.17 % 5.17 % Foreign SQM Brasil Limitada Brazil 0-E Banco ITAU Brasil Brasil BRL Upon maturity 01/31/2019 5.5 % 5.5 % 12/31/2018 12/31/2018 Debtor Creditor Nominal amounts Current amounts Company Financial institution Up to 90 days ThUS$ 90 days to 1 year ThUS$ Total ThUS$ Up to 90 days ThUS$ 90 days to 1 year ThUS$ Subtotal ThUS$ Borrowing costs ThUS$ Total ThUS$ SQM S.A. Scotiabank Cayman - - - - 248 248 - 248 Nitratos Naturais do Chile Lim Banco ITAU Brasil - - - 11 - 11 - 11 SQM Brasil Limitada Banco ITAU Brasil - - - 41 - 41 - 41 Total - - - 52 248 300 - 300 Debtor Creditor Currency or Adjustment index Repayment Effective rate Nominal rate Tax ID No Company Country Tax ID No, Financial institution Country 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.63 % 1.63 % 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.73 % 1.73 % 93,007,000-9 SQM.S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.73 % 1.73 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.64 % 1.64 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.67 % 1.67 % 93,007,000-9 SQM S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.67 % 1.67 % 79,626,800-K SQM Salar S.A. CHILE 97,018,000-1 Banco Estado CHILE US$ Upon maturity 1.91 % 1.91 % 79,626,800-K SQM Salar S.A. CHILE 97,018,000-1 Scotiabank Sud Americano CHILE US$ Upon maturity 1.94 % 1.94 % 79,947,100-0 SQM Industrial S.A. CHILE 97,030,000-7 Banco Estado CHILE US$ Upon maturity 1.74 % 1.74 % 79,947,100-0 SQM Industrial S.A. CHILE 97,030,000-7 Banco Estado CHILE US$ Upon maturity 1.65 % 1.65 % 12/31/2017 12/31/2017 Debtor Creditor Nominal amounts Current amounts Company Financial institution Up to 90 days ThUS$ 90 days to 1 year ThUS$ Total ThUS$ Up to 90 days ThUS$ 90 days to 1 year ThUS$ Subtotal ThUS$ Borrowing costs ThUS$ Total ThUS$ SQM S.A. Scotiabank Sud Americano - 20,000 20,000 - 20,137 20,137 - 20,137 SQM S.A. Scotiabank Sud Americano - 17,000 17,000 - 17,140 17,140 - 17,140 SQM S.A. Scotiabank Sud Americano - 3,000 3,000 - 3,025 3,025 - 3,025 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM S.A. Banco Estado 15,000 - 15,000 15,011 - 15,011 - 15,011 SQM Salar S.A. Banco Estado - 20,000 20,000 - 20,071 20,071 - 20,071 SQM Salar S.A. Scotiabank Sud Americano - 20,000 20,000 - 20,072 20,072 - 20,072 SQM Industrial S.A. Banco Estado - 20,000 20,000 - 20,064 20,064 - 20,064 SQM Industrial S.A. Banco Estado 18,000 - 18,000 18,026 - 18,026 - 18,026 Total 63,000 100,000 163,000 63,059 100,509 163,568 - 163,568 b) Unsecured obligations, current: As of December 31, 2018 and December 31, 2017, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds, as follows: Bonds Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93,007,000-9 SQM S.A. CHILE - MMUS$250 4/21/2019 US$ Semiannual Upon maturity 0.95 % 5,50 % 93,007,000-9 SQM S.A. CHILE - MMUS$250 1/28/2019 US$ Semiannual Upon maturity 2,75 % 4,38 % 93,007,000-9 SQM S.A. CHILE - MMUS$300 4/03/2019 US$ Semiannual Upon maturity 1,77 % 3,63 % 93,007,000-9 SQM S.A. CHILE 564 H 1/05/2019 UF Semiannual Semiannual 1,90 % 4,90 % 93,007,000-9 SQM S.A. CHILE 699 O 2/01/2019 UF Semiannual Upon maturity 2,60 % 3,80 % 93,007,000-9 SQM S.A. CHILE 563 P 1/15/2019 UF Semiannual Upon maturity 3,07 % 3,25 % 93.007.000-9 SQM S.A. Chile 700 Q 6/01/2019 UF Semiannual Upon maturity 3,34 % 3,45 % 12/31/2018 12/31/2018 Nominal maturities Current maturities Company Country Series Up to 90 days 91 days to 1 year Total Up to 90 days 91 days to 1 year Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. CHILE ThUS$250,000 2,674 - 2,674 2,674 - 2,674 (386 ) 2,288 SQM S.A. CHILE ThUS$250,000 - 4,648 4,648 - 4,648 4,648 (433 ) 4,215 SQM S.A. CHILE ThUS$300,000 2,658 - 2,658 2,658 - 2,658 (614 ) 2,044 SQM S.A. CHILE H - 3,756 3,756 - 3,756 3,756 (139 ) 3,617 SQM S.A. CHILE O - 934 934 - 934 934 (67 ) 867 SQM S.A. CHILE P - 1,784 1,784 - 1,784 1,784 (12 ) 1,772 SQM S.A. CHILE Q 342 - 342 342 - 342 - 342 Total 5,674 11,122 16,796 5,674 11,122 16,796 (1,651 ) 15,145 Effective rates of bonds in Chilean pesos and UF are expressed and calculated in U.S. dollars based on the flows agreed in Cross Currency Swap Agreements. Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93,007,000-9 SQM S.A. CHILE - ThUS$250,000 04/21/2018 US$ Semiannual Upon maturity 1.47 % 5.50 % 93,007,000-9 SQM S.A. CHILE - ThUS$250,000 01/28/2018 US$ Semiannual Upon maturity 3.17 % 4.38 % 93,007,000-9 SQM S.A. CHILE - ThUS$300,000 04/03/2018 US$ Semiannual Upon maturity 2.12 % 3.63 % 93,007,000-9 SQM S.A. CHILE 564 H 01/05/2018 UF Semiannual Semiannual 2.18 % 4.90 % 93,007,000-9 SQM S.A. CHILE 699 O 02/01/2018 UF Semiannual Upon maturity 2.80 % 3.80 % 12/31/2017 12/31/2017 Nominal maturities Current maturities Company Country Series Up to 90 days 91 days to 1 year Total Up to 90 days 91 days to 1 year Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ SQM S.A. CHILE ThUS$250,000 - - - - 2,674 2,674 (385 ) 2,289 SQM S.A. CHILE ThUS$250,000 - - - 4,648 - 4,648 (433 ) 4,215 SQM S.A. CHILE ThUS$300,000 - - - - 2,658 2,658 (615 ) 2,043 SQM S.A. CHILE H - - - 4,127 - 4,127 (139 ) 3,988 SQM S.A. CHILE O - - - 1,026 - 1,026 (67 ) 959 Total - - - 9,801 5,332 15,133 (1,639 ) 13,494 Effective rates of bonds in Chilean pesos and UF are expressed and calculated in U.S. dollars based on the flows agreed in Cross Currency Swap Agreements. c) Classes of interest-bearing loans, non-current The following table shows the details of bank loans that accrue non-current interest as of December 31, 2018. As of December 31, there were no loans: Debtor Creditor Currency or adjustment index Type of amortization Effective rate Nominal rate Chilean Tax ID Company Country Chilean Tax ID Financial institution Country 93,007,000-9 SQM.S.A. Chile 0-E Scotiabank Cayman USA USD Maturity 3.98% 3.98% 12/31/2018 12/31/2018 Creditor Creditor Nominal non-current maturities Non-current maturities Company Financial institution Between 1 and 2 ThUS$ Between 2 and 3 ThUS$ Between 3 and 4 ThUS$ Total ThUS$ Between 1 and 2 ThUS$ Between 2 and 3 ThUS$ Between 3 and 4 ThUS$ Subtotal ThUS$ Costs of obtaining loans ThUS$ Total ThUS$ SQM S.A. Scotiabank Cayman - 70,000 70,000 - - 70,000 70,000 (1,130 ) 68,870 Total - - 70,000 70,000 - - 70,000 70,000 (1,130 ) 68,870 d) Non-current unsecured interest-bearing bonds The breakdown of non-current unsecured interest-bearing bonds as of December 31, 2018 and December 31, 2017 is detailed as follows: Periodicity Tax ID No. Company Country Number of registration or ID of the instrument Series Maturity date Currency or adjustment index Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. CHILE - ThUS$250,000 04/21/2020 US$ Semiannual Upon maturity 5.50 % 5.50 % 93.007.000-9 SQM S.A. CHILE - ThUS$250,000 01/28/2025 US$ Semiannual Upon maturity 4.38 % 4.38 % 93.007.000-9 SQM S.A. CHILE - ThUS$300,000 04/03/2023 US$ Semiannual Upon maturity 3.63 % 3.63 % 93.007.000-9 SQM S.A. CHILE 564 H 01/05/2030 UF Semiannual Semiannual 4.90 % 4.90 % 93.007.000-9 SQM S.A. CHILE 699 O 02/01/2033 UF Semiannual Upon maturity 3.80 % 5.50 % 93.007.000-9 SQM S.A. CHILE 563 P 01/15/2028 UF Semiannual Upon maturity 3.25 % 3.25 % 93.007.000-9 SQM S.A. CHILE 700 Q 06/01/2038 UF Semiannual Upon maturity 3.45 % 3.45 % Nominal non-current maturities 12/31/2018 Non-current maturities 12/31/2018 Series Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Total Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ MUS$250 250,000 - - - - 250,000 250,000 - - - - 250,000 (131 ) 249,869 MUS$250 - - - - 250,000 250,000 - - - - 250,000 250,000 (2,202 ) 247,798 MUS$300 - - 300,000 - - 300,000 - - 300,000 - - 300,000 (2,006 ) 297,994 H - - - - 158,704 158,704 - - - - 158,704 158,704 (1,392 ) 157,312 O - - - - 59,514 59,514 - - - - 59,514 59,514 (878 ) 58,636 P - - - - 119,028 119,028 - - - - 119,028 119,028 (101 ) 118,927 Q - - - - 119,028 119,028 - - - - 119,028 119,028 (85 ) 118,943 Total 250,000 - 300,000 - 706,274 1,256,274 250,000 - 300,000 - 706,274 1,256,274 (6,795 ) 1,249,479 As of December 31, 2018 and December 31, 2017, the breakdown of unsecured interest-bearing liabilities, non-current is as follows: Periodicity Tax ID No, Company Country Number of registration or ID of the instrument Series Maturity date Currency or Payment of interest Repayment Effective rate Nominal rate 93.007.000-9 SQM S.A. CHILE - MMUS$250 04/21/2020 US$ Semiannual Upon maturity 5.50 % 5.50 % 93.007.000-9 SQM S.A. CHILE - MMUS$250 01/28/2025 US$ Semiannual Upon maturity 4.38 % 4.38 % 93.007.000-9 SQM S.A. CHILE - MMUS$300 04/03/2023 US$ Semiannual Upon maturity 3.63 % 3.63 % 93.007.000-9 SQM S.A. CHILE 564 H 01/05/2030 UF Semiannual Semiannual 4.90 % 6.01 % 93.007.000-9 SQM S.A. CHILE 699 O 01/02/2033 UF Semiannual Upon maturity 3.80 % 3.80 % Nominal non-current maturities 12/31/2017 Non-current maturities 12/31/2017 Series Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Total Over 1 year to 2 Over 2 years to 3 Over 3 Years to 4 Over 4 Years to 5 Over 5 years Subtotal Bond issuance costs Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ MUS$250 250,000 - - - - 250,000 250,000 - - - - 250,000 (517 ) 249,483 MUS$250 - - - - 250,000 250,000 - - - - 250,000 250,000 (2,636 ) 247,364 MUS$300 - - - - 300,000 300,000 - - - - 300,000 300,000 (2,618 ) 297,382 H - - - - 174,367 174,367 - - - - 174,367 174,367 (1,532 ) 172,835 O - - - - 65,388 65,388 - - - - 65,388 65,388 (945 ) 64,443 Total 250,000 - - - 789,755 1,039,755 250,000 - - - 789,755 1,039,755 (8,248 ) 1,031,507 e) Additional information Bonds On December 31, 2018 and December 31, 2017, short term bonds of ThUS$15,145 and ThUS$13,494 respectively were classified as short-term, consisting of the current portion due plus accrued interest to date; debt is presented net of bond issuance costs. The non-current portion consisted of ThUS$1,249,479 on December 31, 2018 and ThUS$1,031,507 on December 31, 2017, corresponding to the issuance series H bonds second issue single series bonds (ThUS$250), series M bonds, series O bonds, third issue single series bonds (ThUS$300) and fourth issue single series bonds (ThUS$250), series P bonds and series Q bonds, net of bond issuance costs As of December 31, 2018 and, 2017, the details of each issuance are as follows: Series “C” bonds On January 24, 2006, the Company placed Series C bonds for UF 3,000,000 (ThUS$101,918) at an annual rate of 4.00%. On July 5, 2017, the Series C bond was prepaid. As of December 31, 2018, and December 31, 2017, the Company has made the following payments with a charge to the Series C bonds: Payments made 12/31/2018 12/31/2017 12/31/2016 ThUS$ ThUS$ ThUS$ Principal payment - 57,290 5,729 Interest payment - 1,515 3,275 Serie “H” bonds On January 13, 2009, the Company placed two bond series in the domestic market. The first was Series H for UF 4,000,000 (ThUS$139,216) at an annual interest rate of 4.9%, with a term of 21 years and payment of the principal beginning in 2019. As of December 31, 2018 , and December 31, 2017 , the Company has made the following payments with a charge to the Series H bonds: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payments of interest, Series H bonds 8,325 7,691 7,289 Single series bonds, second issue ThUS$250,000 On April 21, 2010, the Company informed the CMF of its placement in international markets of an unsecured bond of ThUS$250,000 with a maturity of 10 years beginning on the aforementioned date with an annual interest rate of 5.5% and destined to refinance long-term liabilities. As of December 31, 2018, and December 31, 2017, the detail of payments charged to the line of single series bonds, second issue is as follows: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Interest payment 13,750 13,750 13,750 Series “M” and “O” bonds On April 4, 2012, the Company placed two bond series in the domestic market. Series M for UF 1,000,000 (ThUS$46,601) was placed at a term of 5 years with a single payment at the maturity of the term and an annual interest rate of 3.3%. On February 1, 2017, the M bond was canceled . Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Principal payment Series M bonds - 40,726 - Payment of interest, Series M bonds - 667 1,242 Series O for UF 1,500,000 (ThUS$69,901) was placed at a term of 21 years with a single payment at the maturity of the term and an annual interest rate of 3.80%. As of December 31, 2018, and December 31, 2017the Company has made the following payments with a charge to the Series O bonds: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2017 ThUS$ Payment of interest, Series O bonds 2,457 2,301 2,142 Single series bonds, third issue ThUS$300,000 On April 3, 2013, the Company issued a non-guaranteed bond in the United States with a value of US$300 million. The bond is for a 10-year term with an annual coupon rate of 3.625% and an annual yield of 3.716%. This rate equates to a difference of 180 basis points to comparable US Treasury bonds. The funds raised will be used to refinance long term liabilities and finance general corporate objectives. As of December 31, 2018, and December 31, 2017, the following payments have been made with a debit to the line of single-series bonds, third issue: Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payment of interest 10,875 10,875 10,875 Single series bonds, fourth issuance ThUS$250,000 On October 23, 2014, the Company informed the CMF that Sociedad Química y Minera de Chile S.A. had agreed to issue and place unsecured bonds of ThUS$250,000 in international markets. These mature in 2025 and have annual interest rate of 4.375%, equivalent to a spread of 215 basis points on comparable US Treasury bonds, which were offered to investors at a price of 99.410% with respect to capital. The aforementioned agreement was agreed on October 23, 2014 and the issuance and placement of such bonds was performed in conformity with the provisions of Rule 144A of the US Securities Act of 1933 and these bonds will not be publicly offered in Chile. As of December 31, 2018, and December 31, 2017, the following payments have been made. Payments made 12/31/2018 ThUS$ 12/31/2017 ThUS$ 12/31/2016 ThUS$ Payment of interest 10,938 10,938 10,938 Series “P” bonds On April 5, 2018, the Company informed the Financial Markets Commission that it had authorized the placement on the stock market of the Series “P” bond with a value of UF 3 million, with a charge to the 10 year Bonds Line registered in the FMC Securities Registry dated December 31, 2008 under number 563. The Bonds (i) mature on January 15, 2028; (ii) will accrue on the unpaid principal, expressed in UF, at an annual interest rate of 3.25% from January 15, 2018; and (iii) can be called early by the Company as of the date of placement, that is, as of April 5, 2018. Payments made 12/31/2018 ThUS$ Payment of interest 2,027 Series Q Bonds On October 31, 2018, the issuance of Series Q bonds (the "Bonds") was authorized in the general stock market for the sum of UF 3,000,000, which were issued with a charge to the 30-year Bonds Line registered in the Securities Registry of your Commission on February 14, 2012 under number 700. The Bonds (i) mature on the first day of June 2038; (ii) will earn an interest rate of 3.45% per annum on the outstanding capital, expressed in Unidades de Fomento, as of June 1, 2018; and (iii) may be redeemed early by the Company as of the placement date, that is, as of November 8, 2018. On November 8, 2018, all the Series Q Bonds have been placed and sold to Euroamerica S.A. for a total amount of $83,567,623,842, which was paid in full and in cash by Euroamerica S.A. to the Company. The funds obtained from the aforementioned placement will be used approximately 90% to finance the expansion program of lithium, potassium nitrate and iodine plants in Chile; the remainder will be used for the investment plan of the Company and its subsidiaries, and to finance working capital. Payments made 12/31/2018 ThUS$ Payment of interest 319 13.5 Trade and other payables 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Accounts payable 163,373 - 163,373 195,858 - 195,858 Other accounts payable 378 - 378 422 - 422 Total 163,751 - 163,751 196,280 - 196,280 As of December 31, 2018 and December 31, 2017, the balance of current and past due suppliers is as follows: Suppliers current on all payments Amounts according to payment periods as of 12/31/2018 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier Days days Days days days days ThUS$ Goods 48,969 1,919 912 25 278 2 52,105 Services 37,376 314 157 107 19 35 38,008 Others 54,978 161 20 - - 3 55,162 Total 141,323 2,394 1,089 132 297 40 145,275 Amounts according to payment periods as of 12/31/2017 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 72,567 - - - - - 72,567 Services 36,855 - - - - 3 36,858 Others 45,104 - - - - - 45,104 Total 154,526 - - - - 3 154,529 Suppliers past due on payments Amounts according to payment periods as of 12/31/2018 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 1,533 209 210 255 175 287 2,669 Services 12,229 838 109 111 309 141 13,737 Others 1,039 385 92 6 60 110 1,692 Total 14,801 1,432 411 372 544 538 18,098 Amounts according to payment periods as of 12/31/2017 Up to 30 31 - 60 61 - 90 91 - 120 121 - 365 366 and more Total Type of Supplier days days days days days days ThUS$ Goods 16,693 448 3,965 1,784 1,602 42 24,534 Services 11,704 1,913 547 681 1,325 17 16,187 Others 479 9 13 20 46 41 608 Total 28,876 2,370 4,525 2,485 2,973 100 41,329 Purchase commitments held by the Company are recognized as liabilities when the goods and services are received by the Company, As of December 31, 2018, the Company has purchase orders amounting to ThUS$59,919 (ThUS$41,601 as of December 31, 2017). 13.6 Financial liabilities at fair value through profit or loss This balance relates to derivative instruments measured at their fair value, which have generated balances against the Company. The detail of this type of instrument is as follows: Financial liabilities at fair value with an impact on profit or loss 12/31/2018 Effect on profit or loss as of 12/31/2018 12/31/2017 Effect on profit or loss as of 12/31/2017 12/31/2016 Effect on profit or loss as of 12/31/2016 ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ Current Derivative instruments (IRS) - - - - - (229 ) Total - - - - - (229 ) 13.7 Financial asset and liability categories a) Financial Assets 12/31/2018 12/31/2017 Current Non-current Total Current Non-current Total Description of financial assets Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Amount ThUS$ Cash and cash equivalent 556,066 - 556,066 630,438 - 630,438 Trade receivables due from related parties 44,554 - 44,554 59,132 - 59,132 Financial assets measured at amortized cost 291,790 75 291,865 360,941 45 360,986 Loans and receivables measured at amortized cost 464,855 2,275 467,130 446,875 1,912 448,787 Total financial assets measured at amortized cost 1,357,265 2,350 1,359,615 1,497,386 1,957 1,499,343 Derivative financial instruments - For hedging purposes 18,238 13,425 31,663 - 8,910 8,910 - At fair value through profit or loss 2,693 - 2,693 6,038 - 6,038 Financial assets at fair value through other comprehensive income - 3,631 3,631 - 33,924 33,924 Total financial assets at fa |
