ARAUCO & CONSTITUTION PULP INC | CIK:0001004156 | 3

  • Filed: 5/9/2018
  • Entity registrant name: ARAUCO & CONSTITUTION PULP INC (CIK: 0001004156)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1004156/000119312518157677/0001193125-18-157677-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1004156/000119312518157677/arauco-20171231.xml
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  • ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory

    The following tables set forth information about Investments in associates.
     
    Name
     
    Puertos y Logística S.A.
     
    Country
     
    Chile
     
    Functional Currency
     
    U.S. Dollar
     
    Corporate purpose
     
    Docking and warehousing operations for proprietary and third party use, cargo of all classes of goods, as well, as warehousing and transport operations.
     
    Ownership interest (%)
     
    20.2767%
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
     
     
     
     
    Carrying amount
     
    ThU.S.$62,225
     
    ThU.S.$61,505
     
     
     
    Name
     
    Inversiones Puerto Coronel S.A.
     
    Country
     
    Chile
     
    Functional Currency
     
    U.S. Dollar
     
    Corporate purpose
     
    Investments in movables and real estate, acquisition of companies, securities and investment instruments, investment management and development and/or participation in all kind of businesses and companies related to industrial, shipping, forestry and commercial activities.
     
    Ownership interest (%)
     
    50.0000%
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
     
     
     
     
    Carrying amount
     
    ThU.S.$47,619
     
    ThU.S.$43,559
     
      
     
    Name
     
    Servicios Corporativos Sercor S.A.
     
    Country
     
    Chile
     
    Functional Currency
     
    Chilean Pesos
     
    Corporate purpose
     
    Consulting services related to business management to Boards of Directors and Senior Management of all Arauco’s entities.
     
    Ownership interest (%)
     
    20.0000%
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
     
     
     
     
    Carrying amount
     
    ThU.S.$ 191
     
    ThU.S.$ 190
     
     
    Name
     
    Genómica Forestal S.A.
     
    Country
     
    Chile
     
    Functional Currency
     
    Chilean Pesos
     
    Corporate purpose
     
    Developing forestry genomics, through the use of biotechnological, molecular and bioinformatics tools with the purpose of strengthening genetic programs so as to improve the competitive position of the Chilean forestry industry for priority tree species.
     
    Ownership interest (%)
     
    25.0000%
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
     
     
     
     
    Carrying amount
     
    ThU.S.$(4)
     
    ThU.S.$(1)
     
     
    Name
     
    Consorcio Tecnológico Bioenercel S.A.
     
    Country
     
    Chile
     
    Functional Currency
     
    Chilean Pesos
     
    Corporate purpose
     
    Developing of technologies which will promote the development of a biofuels industry in Chile, obtained from lingo-cellulosic materials. The future execution of this sustainable project is financed by the Innova Chile Committee.
     
    Ownership interest (%)
     
    20.0000%
     
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
     
     
     
     
    Carrying amount
     
    ThU.S.$6
     
    ThU.S.$31
     
     
    Name
     
    Vale do Corisco S.A.
     
    Country
     
    Brazil
     
    Functional Currency
     
    Brazilian Real
     
    Corporate purpose
     
    Management of forestry activities.
     
    Ownership interest (%)
     
    49.0000%
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
     
     
     
     
    Carrying amount
     
    ThU.S.$48,921
     
    ThU.S.$160,490