NOTE 12 — CURRENT AND NON-CURRENT EMPLOYEE BENEFITS
Employee benefits are detailed as follows:
|
Description |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
Accrued vacations |
|
20,769,275 |
|
19,828,622 |
|
|
Employee remuneration payable |
|
15,186,368 |
|
15,824,809 |
|
|
Indemnities for years of service |
|
8,286,355 |
|
8,157,745 |
|
|
|
|
|
|
|
|
|
Total |
|
44,241,998 |
|
43,811,176 |
|
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
Current |
|
35,955,643 |
|
35,653,431 |
|
|
Non-current |
|
8,286,355 |
|
8,157,745 |
|
|
|
|
|
|
|
|
|
Total |
|
44,241,998 |
|
43,811,176 |
|
|
|
|
|
|
|
|
12.1Indemnities for years of service
The movements of post-employment benefits that are determined as stated in Note 2 are detailed as follows:
|
Movements |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
Opening balance |
|
8,157,745 |
|
8,230,030 |
|
|
Service costs |
|
1,727,905 |
|
2,059,799 |
|
|
Interest costs |
|
300,755 |
|
182,328 |
|
|
Net actuarial losses |
|
(530,059 |
) |
536,105 |
|
|
Benefits paid |
|
(1,369,991 |
) |
(2,850,517 |
) |
|
|
|
|
|
|
|
|
Total |
|
8,286,355 |
|
8,157,745 |
|
|
|
|
|
|
|
|
The actuarial assumptions used are detailed as follows:
|
Assumptions |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
|
|
|
|
|
Discount rate |
|
2.7% |
|
2.7% |
|
|
Expected salary increase rate |
|
2.0% |
|
2.0% |
|
|
Turnover rate |
|
5.4% |
|
5.4% |
|
|
Mortality rate (1) |
|
RV-2009 |
|
RV-2009 |
|
|
Retirement age of women |
|
60 years |
|
60 years |
|
|
Retirement age of men |
|
65 years |
|
65 years |
|
|
(1) |
Mortality assumption tables prescribed for use by the Chilean Financial Market Commission (CMF). |
12.2Personnel expenses
Personnel expenses included in the consolidated statement of income are as follows:
|
Description |
|
12.31.2017 |
|
12.31.2016 |
|
12.30.2015 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Wages and salaries |
|
215,715,214 |
|
218,944,639 |
|
230,854,998 |
|
|
Employee benefits |
|
50,127,117 |
|
50,174,153 |
|
48,977,105 |
|
|
Severance and post-employment benefits |
|
7,410,936 |
|
8,252,502 |
|
6,217,204 |
|
|
Other personnel expenses |
|
14,205,259 |
|
10,921,843 |
|
10,561,935 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
287,458,526 |
|
288,293,137 |
|
296,611,242 |
|
|
|
|
|
|
|
|
|
|
12.3Number of Employees (unaudited)
|
Description |
|
12.31.2017 |
|
12.31.2016 |
|
12.31.2015 |
|
|
Number of employees |
|
15,924 |
|
16,296 |
|
16,525 |
|
|
Number of average employees |
|
15,784 |
|
16,009 |
|
15,504 |
|