BANK OF CHILE | CIK:0001161125 | 3

  • Filed: 4/27/2018
  • Entity registrant name: BANK OF CHILE (CIK: 0001161125)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1161125/000110465918027756/0001104659-18-027756-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1161125/000110465918027756/bch-20171231.xml
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  • ifrs-full:DisclosureOfInvestmentPropertyExplanatory

    16.   Investment Properties:

     

     

     

    2015

     

    2016

     

    2017

     

     

     

    MCh$

     

    MCh$

     

    MCh$

     

    Net Balance as of January 1,

     

    15,936

     

    15,042

     

    14,674

     

    Additions resulting from business combinations

     

     

     

     

    Reclassifications

     

    (515

    )

     

     

    Disposals

     

     

     

     

    Depreciation charges in the period

     

    (379

    )

    (368

    )

    (368

    )

    Impairment

     

     

     

     

     

     

     

     

     

     

     

     

    Net Balance as of December 31,

     

    15,042

     

    14,674

     

    14,306

     

     

     

     

     

     

     

     

     

     

    Estimated useful lives applied by the Bank are presented in Note No. 2(n) on Property and equipment.

     

    As of December 31, 2017, the fair value of the investment properties held by the Bank is Ch$42,230 million (Ch$41,071 million as of December 31, 2016).

     

    In 2017, the Bank earned income of Ch$5,844 million (Ch$5,914 million in 2016) renting out their investment properties.  In the same period the Bank incurred corresponding expenses of Ch$2,587 million and Ch$2,806 million per year in 2016 and 2017.