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
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001004156
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory

    NOTE 11. BALANCES IN FOREIGN CURRENCY AND FOREIGN CURRENCY EXCHANGE RATE IMPACT IN PROFIT OR LOSS.
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
    ThU.S.$
     
    ThU.S.$
     
    Total Current Assets
     
    2,770,363
     
    2,722,360
     
     
     
     
     
     
     
    Cash and Cash Equivalents
     
    589,886
     
    592,253
     
    U.S Dollar
     
    501,352
     
    524,426
     
    Euros
     
    4,306
     
    2,357
     
    Brazilian Real
     
    47,314
     
    47,696
     
    Argentine Pesos
     
    10,038
     
    4,046
     
    Other currencies
     
    3,685
     
    3,327
     
    Chilean Pesos
     
    23,191
     
    10,401
     
     
     
     
     
     
     
    Other current financial assets
     
    3,504
     
    5,201
     
    U.S Dollar
     
    3,497
     
    4,879
     
    Argentine Pesos
     
    -
     
    315
     
    Other currencies
     
    7
     
    7
     
     
     
     
     
     
     
    Other current non-financial assets
     
    129,837
     
    144,915
     
    U.S Dollar
     
    48,632
     
    62,246
     
    Euros
     
    104
     
    71
     
    Brazilian Real
     
    17,158
     
    22,537
     
    Argentine Pesos
     
    5,832
     
    12,261
     
    Other currencies
     
    5,306
     
    3,500
     
    Chilean Pesos
     
    52,805
     
    44,300
     
     
     
     
     
     
     
    Trade and other current receivables
     
    814,412
     
    701,610
     
    U.S Dollar
     
    550,674
     
    489,056
     
    Euros
     
    20,498
     
    26,544
     
    Brazilian Real
     
    89,673
     
    46,150
     
    Argentine Pesos
     
    26,863
     
    15,137
     
    Other currencies
     
    17,702
     
    16,620
     
    Chilean Pesos
     
    106,442
     
    106,681
     
    U.F.
     
    2,560
     
    1,422
     
     
     
     
     
     
     
    Accounts receivable due from related companies
     
    3,488
     
    12,505
     
    U.S Dollar
     
    726
     
    274
     
    Brazilian Real
     
    171
     
    726
     
    Chilean Pesos
     
    2,192
     
    10,548
     
    U.F.
     
    399
     
    957
     
     
     
     
     
     
     
    Current Inventories
     
    868,462
     
    852,612
     
    U.S Dollar
     
    809,689
     
    812,748
     
    Brazilian Real
     
    58,773
     
    39,864
     
     
     
     
     
     
     
    Current biological assets
     
    307,796
     
    306,117
     
    U.S Dollar
     
    270,761
     
    271,551
     
    Brazilian Real
     
    37,035
     
    34,566
     
     
     
     
     
     
     
    Current tax assets
     
    49,471
     
    104,088
     
    U.S Dollar
     
    7,769
     
    6,199
     
    Brazilian Real
     
    6,721
     
    5,798
     
    Argentine Pesos
     
    -
     
    39
     
    Other currencies
     
    3,188
     
    2,696
     
    Chilean Pesos
     
    31,793
     
    89,356
     
     
     
     
     
     
     
    Non-current assets or disposal groups classified as held for sale
     
    3,507
     
    3,059
     
    U.S Dollar
     
    2,835
     
    3,059
     
    Brazilian Real
     
    672
     
    -
     
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
    ThU.S.$
     
    ThU.S.$
     
    Total Non-Current Assets
     
    11,224,237
     
    11,283,821
     
     
     
     
     
     
     
    Other non-current financial assets
     
    56,600
     
    8,868
     
    U.S Dollar
     
    56,600
     
    8,868
     
     
     
     
     
     
     
    Other non-current non-financial assets
     
    121,521
     
    130,319
     
    U.S Dollar
     
    104,711
     
    95,658
     
    Brazilian Real
     
    4,629
     
    4,042
     
    Argentine Pesos
     
    11,303
     
    9,900
     
    Other currencies
     
    693
     
    636
     
    Chilean Pesos
     
    185
     
    20,083
     
     
     
     
     
     
     
    Trade and other non-current receivables
     
    16,040
     
    14,273
     
    U.S Dollar
     
    4,247
     
    6,895
     
    Brazilian Real
     
    3,345
     
    -
     
    Other currencies
     
    -
     
    527
     
    Chilean Pesos
     
    6,692
     
    5,753
     
    U.F.
     
    1,756
     
    1,098
     
     
     
     
     
     
     
    Accounts receivable due from related companies, non-current
     
    1,056
     
    957
     
    U.F.
     
    1,056
     
    957
     
     
     
     
     
     
     
    Investments accounted for using equity method
     
    368,772
     
    446,548
     
    U.S Dollar
     
    130,276
     
    124,324
     
    Euros
     
    185,410
     
    156,990
     
    Brazilian Real
     
    53,080
     
    165,203
     
    Chilean Pesos
     
    6
     
    31
     
     
     
     
     
     
     
    Intangible assets other than goodwill
     
    88,615
     
    89,497
     
    U.S Dollar
     
    87,007
     
    88,394
     
    Brazilian Real
     
    1,516
     
    1,026
     
    Chilean Pesos
     
    92
     
    77
     
     
     
     
     
     
     
    Goodwill
     
    69,922
     
    74,893
     
    U.S Dollar
     
    42,656
     
    42,508
     
    Brazilian Real
     
    27,266
     
    32,385
     
     
     
     
     
     
     
    Property, plant and equipment
     
    7,034,299
     
    6,919,495
     
    U.S Dollar
     
    6,443,081
     
    6,394,105
     
    Brazilian Real
     
    585,202
     
    520,448
     
    Chilean Pesos
     
    6,016
     
    4,942
     
     
     
     
     
     
     
    Non-current biological assets
     
    3,459,146
     
    3,592,874
     
    U.S Dollar
     
    2,934,819
     
    3,185,872
     
    Brazilian Real
     
    524,327
     
    407,002
     
     
     
     
     
     
     
    Deferred tax assets
     
    8,266
     
    6,097
     
    U.S Dollar
     
    4,319
     
    4,134
     
    Brazilian Real
     
    3,622
     
    1,697
     
    Other currencies
     
    32
     
    52
     
    Chilean Pesos
     
    293
     
    214
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
    Up to 90
    days
     
    From 91
    days to 1
    year
     
    Total
     
    Up to 90
    days
     
    From 91
    days to 1
    year
     
    Total
     
     
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Total Liabilities, current
     
    1,045,364
     
    354,030
     
    1,399,394
     
    806,280
     
    539,784
     
    1,346,064
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other current financial liabilities
     
    148,778
     
    351,566
     
    500,344
     
    196,001
     
    501,451
     
    697,452
     
    U.S Dollar
     
    134,125
     
    284,293
     
    418,418
     
    178,442
     
    455,908
     
    634,350
     
    Brazilian Real
     
    2,383
     
    4,660
     
    7,043
     
    3,558
     
    1,282
     
    4,840
     
    Argentine Pesos
     
    -
     
    -
     
    -
     
    11
     
    29
     
    40
     
    Chilean Pesos
     
    1,508
     
    4,116
     
    5,624
     
    1,132
     
    3,387
     
    4,519
     
    U.F.
     
    10,762
     
    58,497
     
    69,259
     
    12,858
     
    40,845
     
    53,703
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Bank Loans
     
    110,700
     
    282,172
     
    392,872
     
    134,140
     
    61,483
     
    195,623
     
    U.S Dollar
     
    108,317
     
    277,512
     
    385,829
     
    130,571
     
    60,172
     
    190,743
     
    Brazilian Real
     
    2,383
     
    4,660
     
    7,043
     
    3,558
     
    1,282
     
    4,840
     
    Argentine Pesos
     
    -
     
    -
     
    -
     
    11
     
    29
     
    40
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Financial Leases
     
    9,928
     
    34,413
     
    44,341
     
    9,534
     
    30,866
     
    40,400
     
    Chilean Pesos
     
    1,508
     
    4,116
     
    5,624
     
    1,132
     
    3,387
     
    4,519
     
    U.F.
     
    8,420
     
    30,297
     
    38,717
     
    8,402
     
    27,479
     
    35,881
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other Loans
     
    28,150
     
    34,981
     
    63,131
     
    52,327
     
    409,102
     
    461,429
     
    U.S Dollar
     
    25,808
     
    6,781
     
    32,589
     
    47,871
     
    395,736
     
    443,607
     
    U.F.
     
    2,342
     
    28,200
     
    30,542
     
    4,456
     
    13,366
     
    17,822
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Trade and other current payables
     
    717,342
     
    4
     
    717,346
     
    511,371
     
    26,520
     
    537,891
     
    U.S Dollar
     
    193,562
     
    -
     
    193,562
     
    146,652
     
    3,510
     
    150,162
     
    Euros
     
    9,099
     
    -
     
    9,099
     
    12,006
     
    1,028
     
    13,034
     
    Brazilian Real
     
    124,917
     
    -
     
    124,917
     
    4,849
     
    21,982
     
    26,831
     
    Argentine Pesos
     
    29,243
     
    -
     
    29,243
     
    31,661
     
    -
     
    31,661
     
    Other currencies
     
    4,936
     
    -
     
    4,936
     
    12,244
     
    -
     
    12,244
     
    Chilean Pesos
     
    333,525
     
    4
     
    333,529
     
    285,359
     
    -
     
    285,359
     
    U.F.
     
    22,060
     
    -
     
    22,060
     
    18,600
     
    -
     
    18,600
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Accounts payable to related companies
     
    11,208
     
    -
     
    11,208
     
    3,831
     
    -
     
    3,831
     
    U.S Dollar
     
    1,354
     
    -
     
    1,354
     
    1,969
     
    -
     
    1,969
     
    Chilean Pesos
     
    9,854
     
    -
     
    9,854
     
    1,862
     
    -
     
    1,862
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other current provisions
     
    2,728
     
    -
     
    2,728
     
    842
     
    -
     
    842
     
    U.S Dollar
     
    622
     
    -
     
    622
     
    842
     
    -
     
    842
     
    Brazilian Real
     
    2,106
     
    -
     
    2,106
     
    -
     
    -
     
    -
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Current tax liabilities
     
    6,361
     
    1,727
     
    8,088
     
    1,641
     
    -
     
    1,641
     
    U.S Dollar
     
    283
     
    -
     
    283
     
    448
     
    -
     
    448
     
    Euros
     
    158
     
    -
     
    158
     
    7
     
    -
     
    7
     
    Argentine Pesos
     
    46
     
    -
     
    46
     
    133
     
    -
     
    133
     
    Other currencies
     
    479
     
    -
     
    479
     
    574
     
    -
     
    574
     
    Chilean Pesos
     
    5,395
     
    1,727
     
    7,122
     
    479
     
    -
     
    479
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Current provisions for employee benefits
     
    5,595
     
    135
     
    5,730
     
    5,214
     
    30
     
    5,244
     
    Chilean Pesos
     
    5,595
     
    135
     
    5,730
     
    5,214
     
    30
     
    5,244
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other current non-financial liabilities
     
    153,352
     
    598
     
    153,950
     
    87,380
     
    11,783
     
    99,163
     
    U.S Dollar
     
    119,309
     
    582
     
    119,891
     
    62,974
     
    163
     
    63,137
     
    Euros
     
    77
     
    -
     
    77
     
    53
     
    -
     
    53
     
    Brazilian Real
     
    18,016
     
    -
     
    18,016
     
    9,426
     
    11,616
     
    21,042
     
    Argentine Pesos
     
    3,215
     
    -
     
    3,215
     
    3,474
     
    -
     
    3,474
     
    Other currencies
     
    3,906
     
    -
     
    3,906
     
    3,202
     
    -
     
    3,202
     
    Chilean Pesos
     
    8,809
     
    16
     
    8,825
     
    8,183
     
    4
     
    8,187
     
    U.F.
     
    20
     
    -
     
    20
     
    68
     
    -
     
    68
     
     
     
     
    12-31-2017
     
    12-31-2016
     
     
     
    From 13
    months to
    5 years
     
    More than
    5 years
     
    Total
     
    From 13 months
    to 5 years
     
    More than
    5 years
     
    Total
     
     
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Total non-current liabilities
     
    3,025,553
     
    2,452,760
     
    5,478,313
     
    3,599,291
     
    2,061,543
     
    5,660,834
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other non-current financial liabilities
     
    1,455,641
     
    2,322,926
     
    3,778,567
     
    2,020,484
     
    1,850,430
     
    3,870,914
     
    U.S Dollar
     
    970,631
     
    1,508,999
     
    2,479,630
     
    1,591,127
     
    1,075,204
     
    2,666,331
     
    Brazilian Real
     
    16,506
     
    -
     
    16,506
     
    17,098
     
    1,042
     
    18,140
     
    Chilean Pesos
     
    9,839
     
    -
     
    9,839
     
    11,151
     
    -
     
    11,151
     
    U.F.
     
    458,665
     
    813,927
     
    1,272,592
     
    401,108
     
    774,184
     
    1,175,292
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Bank Loans
     
    327,424
     
    138,161
     
    465,585
     
    626,384
     
    92,351
     
    718,735
     
    U.S Dollar
     
    310,918
     
    138,161
     
    449,079
     
    609,286
     
    91,309
     
    700,595
     
    Brazilian Real
     
    16,506
     
    -
     
    16,506
     
    17,098
     
    1,042
     
    18,140
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Financial Leases
     
    68,035
     
    -
     
    68,035
     
    73,586
     
    -
     
    73,586
     
    Chilean Pesos
     
    9,839
     
    -
     
    9,839
     
    11,151
     
    -
     
    11,151
     
    U.F.
     
    58,196
     
    -
     
    58,196
     
    62,435
     
    -
     
    62,435
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other Loans
     
    1,060,182
     
    2,184,765
     
    3,244,947
     
    1,320,514
     
    1,758,079
     
    3,078,593
     
    U.S Dollar
     
    659,713
     
    1,370,838
     
    2,030,551
     
    981,841
     
    983,895
     
    1,965,736
     
    U.F.
     
    400,469
     
    813,927
     
    1,214,396
     
    338,673
     
    774,184
     
    1,112,857
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other non-current provisions
     
    36,008
     
    -
     
    36,008
     
    38,138
     
    -
     
    38,138
     
    U.S Dollar
     
    7
     
    -
     
    7
     
    1
     
    -
     
    1
     
    Brazilian Real
     
    4,682
     
    -
     
    4,682
     
    5,425
     
    -
     
    5,425
     
    Argentine Pesos
     
    31,316
     
    -
     
    31,316
     
    32,712
     
    -
     
    32,712
     
    Chilean Pesos
     
    3
     
    -
     
    3
     
    -
     
    -
     
    -
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Deferred tax liabilities
     
    1,355,531
     
    129,834
     
    1,485,365
     
    1,479,596
     
    151,469
     
    1,631,065
     
    U.S Dollar
     
    1,247,096
     
    129,834
     
    1,376,930
     
    1,412,506
     
    131,406
     
    1,543,912
     
    Brazilian Real
     
    108,435
     
    -
     
    108,435
     
    67,090
     
    20,063
     
    87,153
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Non-current provisions for employee benefits
     
    66,033
     
    -
     
    66,033
     
    60,084
     
    -
     
    60,084
     
    Other currencies
     
    129
     
    -
     
    129
     
    144
     
    -
     
    144
     
    Chilean Pesos
     
    65,904
     
    -
     
    65,904
     
    59,940
     
    -
     
    59,940
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Other non-current non-financial liabilities
     
    112,340
     
    -
     
    112,340
     
    989
     
    59,644
     
    60,633
     
    U.S Dollar
     
    13
     
    -
     
    13
     
    430
     
    -
     
    430
     
    Brazilian Real
     
    111,634
     
    -
     
    111,634
     
    -
     
    59,644
     
    59,644
     
    Argentine Pesos
     
    480
     
    -
     
    480
     
    349
     
    -
     
    349
     
    Chilean Pesos
     
    213
     
    -
     
    213
     
    206
     
    -
     
    206
     
    U.F.
     
    -
     
    -
     
    -
     
    4
     
    -
     
    4
     
     
    The table below sets forth the subsidiaries that have determined a functional currency other than the U.S. Dollar as follows:
     
    Subsidiary
     
    Country
     
    Functional Currency
     
    Arauco do Brasil S.A.
     
    Brazil
     
    Brazilian Real
     
    Arauco Forest Brasil S.A.
     
    Brazil
     
    Brazilian Real
     
    Arauco Florestal Arapoti S.A.
     
    Brazil
     
    Brazilian Real
     
    Arauco Industria de Paineis Ltda.
     
    Brazil
     
    Brazilian Real
     
    Empreendimentos Florestais Santa Cruz Ltda.
     
    Brazil
     
    Brazilian Real
     
    Mahal Empreendimentos e Participacoes S.A.
     
    Brazil
     
    Brazilian Real
     
    Investigaciones Forestales Bioforest S.A.
     
    Chile
     
    Chilean Pesos
     
    Consorcio Protección Fitosanitaria Forestal S.A.
     
    Chile
     
    Chilean Pesos
     
    Forestal Nuestra Señora del Carmen S.A.
     
    Argentina
     
    Argentine Pesos
     
    Forestal Talavera S.A.
     
    Argentina
     
    Argentine Pesos
     
    Greeneagro S.A.
     
    Argentina
     
    Argentine Pesos
     
    Leasing Forestal S.A.
     
    Argentina
     
    Argentine Pesos
     
    Savitar S.A.
     
    Argentina
     
    Argentine Pesos
     
    Flakeboard Company Limited
     
    Canada
     
    Canadian Dollar
     
     
    The table below shows a detail per company of the effect in the period of the Reserve of Exchange Differences on translation:
     
     
     
    January - December
     
     
     
    2017
     
    2016
     
    2015
     
     
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Arauco do Brasil S.A.
     
    (6,537)
     
    73,087
     
    (155,390)
     
    Arauco Forest Brasil S.A.
     
    (6,929)
     
    68,314
     
    (140,992)
     
    Arauco Florestal Arapoti S.A.
     
    (1,051)
     
    19,523
     
    (43,189)
     
    Arauco Distribución S.A.
     
    -
     
    -
     
    (4,180)
     
    Sonae Arauco S.A.
     
    20,547
     
    -
     
    -
     
    Arauco Argentina S.A.
     
    (752)
     
    4,989
     
    (13,308)
     
    Flakeboard Company Limited
     
    6,529
     
    2,984
     
    (16,915)
     
    Others
     
    307
     
    (13)
     
    (301)
     
    Total reserve of exchange differences on translation
     
    12,114
     
    168,884
     
    (374,275)
     
     
    Effect of foreign exchange rates changes
     
     
     
    January-December
     
     
     
    2017
     
    2016
     
    2015
     
     
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Exchange differences recognized in profit or loss, except for those arising on financial instruments measured at fair value through profit or loss
     
    98
     
    (3,935)
     
    (40,827)
     
    Reserve of exchange differences on translation (with Non-controlling interests)
     
    11,873
     
    173,754
     
    (385,109)