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:DisclosureOfRelatedPartyExplanatory

    NOTE 13. RELATED PARTIES
     
    Related Party Disclosures
     
    Related parties are those entities defined in IAS 24 and under the rules of the Superintendency of Securities and Insurance (current Chilean Commission for the Financial Market) and the Chilean Corporations Law.
     
    The receivable and payable amounts among related parties at the end of each period correspond to commercial and financing transactions denominated in Chilean Pesos, U.S. dollars and Brazilian Real, where collection or payment deadlines are shown in the following tables and in general do not bear interest, except for financing transactions.
     
    As of the date of these consolidated financial statements, the main transactions with related parties are related to fuel purchases with Compañía de Petróleos de Chile S.A. and sodium chlorate purchases at EKA Chile S.A.
     
    As of the date of these consolidated financial statements, there are neither provisions for doubtful accounts nor any guarantees granted or received related to the balances with related parties.
     
    Name of Group’s Main Shareholders
     
    The ultimate shareholders of Arauco, direct and indirectly, are Mrs. Maria Noseda Zambra de Angelini, Mr. Roberto Angelini Rossi and Mrs. Patricia Angelini Rossi. Mrs. María Noseda Zambra (who passed away on April 15, 2018).
     
    Name of the Intermediate Controlling Entity that Produces Consolidated Financial Statements for Public Use
     
    Empresas Copec S.A.
     
    Compensation to Key Management Personnel
     
    Compensation to key management personnel, including directors, managers and deputy managers, consist of a fixed monthly salary, and managers and deputy managers also receive an annual bonus subject to the results of the Company and the fulfillment of goals of the business as well as individual performance.
     
    Pricing Strategy Terms and Conditions Corresponding to Transactions with Related Parties
     
    Related party transactions are equitable in relation to other transactions regularly performed at market conditions, with mutual independence of the parties.
     
    The table below sets forth information about the Relationship between the Parent Company and its Subsidiaries
     
     
     
     
     
     
     
     
     
    % Ownership interest
     
    % Ownership interest
     
     
     
     
     
     
     
    Functional
     
    12-31-2017
     
    12-31-2016
     
    ID N°
     
    Company Name
     
    Country
     
    Currency
     
    Direct
     
    Indirect
     
    Total
     
    Direct
     
    Indirect
     
    Total
     
    -
     
    Agenciamiento y Servicios Profesionales S.A.
     
    Mexico
     
    U.S. Dollar
     
    0.0020
     
    99.9970
     
    99.9990
     
    0.0020
     
    99.9970
     
    99.9990
     
    -
     
    Arauco Argentina S.A.
     
    Argentina
     
    U.S. Dollar
     
    9.9753
     
    90.0048
     
    99.9801
     
    9.9753
     
    90.0048
     
    99.9801
     
    -
     
    Arauco Australia Pty Ltd.
     
    Australia
     
    U.S. Dollar
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    99.9990
     
    99.9990
     
    96547510-9
     
    Arauco Bioenergía S.A.
     
    Chile
     
    U.S. Dollar
     
    98.0000
     
    1.9999
     
    99.9999
     
    98.0000
     
    1.9999
     
    99.9999
     
    -
     
    Arauco Colombia S.A.
     
    Colombia
     
    U.S. Dollar
     
    1.4778
     
    98.5204
     
    99.9982
     
    1.4778
     
    98.5204
     
    99.9982
     
    -
     
    Arauco do Brasil S.A.
     
    Brazil
     
    Brazilian Real
     
    1.1624
     
    98.8366
     
    99.9990
     
    1.1624
     
    98.8366
     
    99.9990
     
    -
     
    Arauco Europe Cooperatief U.A.
     
    Netherlands
     
    U.S. Dollar
     
    0.5689
     
    99.4301
     
    99.9990
     
    0.4614
     
    99.5376
     
    99.9990
     
    -
     
    Arauco Florestal Arapoti S.A.
     
    Brazil
     
    Brazilian Real
     
    -
     
    79.9992
     
    79.9992
     
    -
     
    79.9992
     
    79.9992
     
    -
     
    Arauco Forest Brasil S.A.
     
    Brazil
     
    Brazilian Real
     
    9.9971
     
    90.0021
     
    99.9992
     
    10.1297
     
    89.8694
     
    99.9991
     
    -
     
    Arauco Industria de Paineis Ltda.
     
    Brazil
     
    Brazilian Real
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    -
     
    -
     
    -
     
    Arauco Middle East DMCC
     
    Dubai
     
    U.S. Dollar
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    99.9990
     
    99.9990
     
    76620842-8
     
    Arauco Nutrientes Naturales SPA
     
    Chile
     
    U.S. Dollar
     
    -
     
    99.9484
     
    99.9484
     
    -
     
    99.9484
     
    99.9484
     
    -
     
    Arauco Panels USA, LLC
     
    USA
     
    U.S. Dollar
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    Arauco Perú S.A.
     
    Peru
     
    U.S. Dollar
     
    0.0013
     
    99.9977
     
    99.9990
     
    0.0013
     
    99.9977
     
    99.9990
     
    -
     
    Arauco Wood Products, Inc.
     
    USA
     
    U.S. Dollar
     
    0.0004
     
    99.9986
     
    99.9990
     
    0.0004
     
    99.9986
     
    99.9990
     
    -
     
    Araucomex S.A. de C.V.
     
    Mexico
     
    U.S. Dollar
     
    0.0005
     
    99.9985
     
    99.9990
     
    0.0005
     
    99.9985
     
    99.9990
     
    96657900-5
     
    Consorcio Protección Fitosanitaria Forestal S.A.
     
    Chile
     
    Chilean Pesos
     
    -
     
    57.5223
     
    57.5223
     
    -
     
    57.5404
     
    57.5404
     
    -
     
    Empreendimentos Florestais Santa Cruz Ltda.
     
    Brazil
     
    Brazilian Real
     
    -
     
    99.9795
     
    99.9795
     
    -
     
    99.9789
     
    99.9789
     
    -
     
    Flakeboard America Limited
     
    USA
     
    U.S. Dollar
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    Flakeboard Company Ltd.
     
    Canada
     
    Canadian Dollar
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    99.9990
     
    99.9990
     
    85805200-9
     
    Forestal Arauco S.A.
     
    Chile
     
    U.S. Dollar
     
    99.9484
     
    -
     
    99.9484
     
    99.9484
     
    -
     
    99.9484
     
    93838000-7
     
    Forestal Cholguán S.A.
     
    Chile
     
    U.S. Dollar
     
    -
     
    98.4826
     
    98.4826
     
    -
     
    98.4744
     
    98.4744
     
    -
     
    Forestal Concepción S.A.
     
    Panama
     
    U.S. Dollar
     
    -
     
    -
     
    -
     
    0.0050
     
    99.9940
     
    99.9990
     
    78049140-K
     
    Forestal Los Lagos S.A.
     
    Chile
     
    U.S. Dollar
     
    -
     
    79.9587
     
    79.9587
     
    -
     
    79.9587
     
    79.9587
     
    -
     
    Forestal Nuestra Señora del Carmen S.A.
     
    Argentina
     
    Argentine pesos
     
    -
     
    99.9805
     
    99.9805
     
    -
     
    99.9805
     
    99.9805
     
    -
     
    Forestal Talavera S.A.
     
    Argentina
     
    Argentine pesos
     
    -
     
    99.9942
     
    99.9942
     
    -
     
    99.9942
     
    99.9942
     
    -
     
    Greenagro S.A.
     
    Argentina
     
    Argentine pesos
     
    -
     
    97.9805
     
    97.9805
     
    -
     
    97.9805
     
    97.9805
     
    96563550-5
     
    Inversiones Arauco Internacional Ltda.
     
    Chile
     
    U.S. Dollar
     
    98.0186
     
    1.9804
     
    99.9990
     
    98.0186
     
    1.9804
     
    99.9990
     
    79990550-7
     
    Investigaciones Forestales Bioforest S.A.
     
    Chile
     
    Chilean Pesos
     
    1.0000
     
    98.9489
     
    99.9489
     
    1.0000
     
    98.9489
     
    99.9489
     
    -
     
    Leasing Forestal S.A.
     
    Argentina
     
    Argentine pesos
     
    -
     
    99.9801
     
    99.9801
     
    -
     
    99.9801
     
    99.9801
     
    96510970-6
     
    Maderas Arauco S.A. (ex Paneles Arauco S.A.)
     
    Chile
     
    U.S. Dollar
     
    99.0000
     
    0.9995
     
    99.9995
     
    99.0000
     
    0.9995
     
    99.9995
     
    -
     
    Mahal Empreendimentos e Participacoes S.A.
     
    Brazil
     
    Brazilian Real
     
    -
     
    99.9961
     
    99.9961
     
    -
     
    99.9934
     
    99.9934
     
    -
     
    Novo Oeste Gestao de Ativos Florestais S.A.
     
    Brazil
     
    Brazilian Real
     
    -
     
    99.9991
     
    99.9991
     
    -
     
    99.9990
     
    99.9990
     
    -
     
    Savitar S.A.
     
    Argentina
     
    Argentine pesos
     
    -
     
    99.9841
     
    99.9841
     
    -
     
    99.9841
     
    99.9841
     
    76375371-9
     
    Servicios Aéreos Forestales Ltda.
     
    Chile
     
    U.S. Dollar
     
    0.0100
     
    99.9890
     
    99.9990
     
    0.0100
     
    99.9890
     
    99.9990
     
    96637330-K
     
    Servicios Logísticos Arauco S.A.
     
    Chile
     
    U.S. Dollar
     
    45.0000
     
    54.9997
     
    99.9997
     
    45.0000
     
    54.9997
     
    99.9997
     
     
    The companies in the table below are classified as joint operations in accordance with IFRS 11. The assets, liabilities, income and expenses are recorded in relation to the Company’s ownership percentage in accordance with accounting standards applicable in each case.
     
    Company Name
     
    Country
     
    Functional
    Currency
     
    Eufores S.A.
     
    Uruguay
     
    U.S. Dollar
     
    Celulosa y Energía Punta Pereira S.A.
     
    Uruguay
     
    U.S. Dollar
     
    Zona Franca Punta Pereira S.A.
     
    Uruguay
     
    U.S. Dollar
     
    Forestal Cono Sur S.A.
     
    Uruguay
     
    U.S. Dollar
     
    Stora Enso Uruguay S.A.
     
    Uruguay
     
    U.S. Dollar
     
    El Esparragal Asociación Agraria de R.L.
     
    Uruguay
     
    U.S. Dollar
     
    Ongar S.A.
     
    Uruguay
     
    U.S. Dollar
     
    Terminal Logística e Industrial M’Bopicua S.A.
     
    Uruguay
     
    U.S. Dollar
     
     
    There are no significant restrictions on the ability of subsidiaries to transfer funds to Arauco, in the form of cash dividends or repayment of loans and/or advances.
     
    Employee Benefits for Key Management Personnel
     
     
     
    January - December
     
     
     
    2017
     
    2016
     
    2015
     
     
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Salaries and bonuses
     
    59,501
     
    73,398
     
    65,760
     
    Per diem compensation to members of the Board of Directors
     
    2,566
     
    1,783
     
    1,097
     
    Termination benefits
     
    4,936
     
    6,174
     
    2,250
     
    Total
     
    67,003
     
    81,355
     
    69,107
     
     
    Related Party Receivables, Current
     
    Name of Related Party
     
    Tax ID No.
     
    Nature of
    Relationship
     
    Country
     
    Currency
     
    Maturity
     
    12-31-2017
    ThU.S.$
     
    12-31-2016
    ThU.S.$
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Forestal Mininco S.A.
     
    91.440.000-7
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    30 days
     
    25
     
    39
     
    Eka Chile S.A.
     
    99.500.140-3
     
    Joint Venture
     
    Chile
     
    Chilean pesos
     
    30 days
     
    2,027
     
    1,701
     
    Forestal del Sur S.A.
     
    79.825.060-4
     
    Common director
     
    Chile
     
    Chilean pesos
     
    30 days
     
    4
     
    7,618
     
    Unilin Arauco Pisos Ltda.
     
    -
     
    Joint Venture
     
    Brazil
     
    Brazilian Real
     
    30 days
     
    171
     
    726
     
    Colbún S.A.
     
    96.505.760-9
     
    Common director
     
    Chile
     
    Chilean pesos
     
    30 days
     
    136
     
    -
     
    CMPC Celulosa S.A.
     
    96.532.330-9
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    -
     
    -
     
    2
     
    Fundación Educacional Arauco
     
    71.625.000-8
     
    Common director
     
    Chile
     
    Chilean pesos
     
    -
     
    -
     
    1,188
     
    Fundación Acerca Redes
     
    65.097.218-K
     
    Parent company is founder and contributor
     
    Chile
     
    U.S. Dollar
     
    30 days
     
    726
     
    274
     
    Compañía Puerto de Coronel S.A.
     
    79.895.330-3
     
    Subsidiary of an Associate
     
    Chile
     
    U.F.
     
    30 days
     
    399
     
    957
     
    TOTAL
     
     
     
     
     
     
     
     
     
     
     
    3,488
     
    12,505
     
     
    Related Party Receivables, Non-Current
     
     
     
     
     
    Nature of
     
     
     
     
     
     
    12-31-2017
     
    12-31-2016
     
    Name of Related Party
     
    Tax ID No.
     
    Relationship
     
    Country
    Currency
     
    Maturity
     
    ThU.S.$
     
    ThU.S.$
     
    Compañía Puerto de Coronel S.A.
     
    79.895.330-3
     
    Subsidiary of an Associate
     
    Chile
    U.F.
     
    Sep-18
     
    528
     
    478
     
    Compañía Puerto de Coronel S.A.
     
    79.895.330-3
     
    Subsidiary of an Associate
     
    Chile
    U.F.
     
    Sep-19
     
    528
     
    478
     
    TOTAL
     
     
     
     
     
     
     
     
     
     
    1,056
     
    957
     
     
    Related Party Payables, Current
     
     
     
     
     
    Nature of
     
     
     
     
     
     
     
    12-31-2017
     
    12-31-2016
     
    Name of Related party
     
    Tax ID No.
     
    Relationship
     
    Country
     
    Currency
     
    Maturity
     
    ThU.S.$
     
    ThU.S.$
     
    Compañía de Petróleos de Chile S.A.
     
    99.520.000-7
     
    Common controlling parent
     
    Chile
     
    Chilean pesos
     
    30 days
     
    8,837
     
    1,758
     
    Abastible S.A.
     
    91.806.000-6
     
    Controlling Parent’s Subsidiary
     
    Chile
     
    Chilean pesos
     
    30 days
     
    545
     
    97
     
    Fundación Educacional Arauco
     
    71.625.000-8
     
    Common director
     
    Chile
     
    Chilean pesos
     
    30 days
     
    54
     
    -
     
    Red to Green S.A. (Ex-Sigma Servicios Informáticos S.A.)
     
    86.370.800-1
     
    Common director
     
    Chile
     
    Chilean pesos
     
    30 days
     
    1
     
    -
     
    Portaluppi, Guzman y Bezanilla Abogados
     
    78.096.080-9
     
    Common director
     
    Chile
     
    Chilean pesos
     
    30 days
     
    146
     
    -
     
    Empresa Nacional de Telecomunicaciones S.A.
     
    92.580.000-7
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    30 days
     
    137
     
    -
     
    Servicios Corporativos Sercor S.A.
     
    96.925.430-1
     
    Subsidiary of the Associate
     
    Chile
     
    Chilean pesos
     
    30 days
     
    29
     
    -
     
    Puerto Lirquén S.A.
     
    96.959.030-1
     
    Subsidiary of the Associate
     
    Chile
     
    U.S. Dollar
     
    30 days
     
    1,354
     
    1,246
     
    Compañía Puerto de Coronel S.A.
     
    79.895.330-3
     
    Subsidiary of the Associate
     
    Chile
     
    U.S. Dollar
     
    -
     
    -
     
    723
     
    Adm.Estaciones de Servicio Serco Ltda.
     
    79.689.550-0
     
    Common controlling parent
     
    Chile
     
    Chilean pesos
     
    30 days
     
    1
     
    -
     
    Adm. de Ventas al Detalle Arco Prime Ltda.
     
    77.215.640-5
     
    Common controlling parent
     
    Chile
     
    Chilean pesos
     
    30 days
     
    14
     
    5
     
    Empresa Distrib. Papeles y Cartones S.A.
     
    88.566.900-k
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    -
     
    -
     
    2
     
    Elemental S.A.
     
    76.659.730-0
     
    Indirect associate of controlling parent
     
    Chile
     
    Chilean pesos
     
    30 days
     
    4
     
    -
     
    Woodtech S.A.
     
    76.724.000-7
     
    Indirect associate of controlling parent
     
    Chile
     
    Chilean pesos
     
    30 days
     
    86
     
    -
     
    TOTAL
     
     
     
     
     
     
     
     
     
     
     
    11,208
     
    3,831
     
     
    Related Party Transactions
     
    Purchases
     
     
     
     
     
    Nature of
     
     
     
     
     
    Transaction
     
    12-31-2017
     
    12-31-2016
     
    12-31-2015
     
    Name of Related Party
     
    Tax ID No.
     
    Relationship
     
    Country
     
    Currency
     
    Descriptions
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Abastible S.A.
     
    91.806.000-6
     
    Common controlling parent
     
    Chile
     
    Chilean pesos
     
    Fuel
     
    3,115
     
    2,199
     
    2,503
     
    Empresas Copec S.A.
     
    90.690.000-9
     
    Controlling Parent
     
    Chile
     
    Chilean pesos
     
    Management service
     
    106
     
    356
     
    233
     
    Compañía de Petróleos de Chile S.A.
     
    99.520.000-7
     
    Common controlling parent
     
    Chile
     
    Chilean pesos
     
    Fuel and other
     
    66,789
     
    39,732
     
    61,245
     
    Compañía Puerto de Coronel S.A.
     
    79.895.330-3
     
    Subsidiary of the Associate
     
    Chile
     
    U.S. Dollar
     
    Transport and stowage
     
    9,986
     
    8,633
     
    10,917
     
    Puerto Lirquén S.A.
     
    96.959.030-1
     
    Subsidiary of the Associate
     
    Chile
     
    U.S. Dollar
     
    Port services
     
    6,956
     
    7,311
     
    7,694
     
    EKA Chile S.A.
     
    99.500.140-3
     
    Joint Venture
     
    Chile
     
    Chilean pesos
     
    Sodium chlorate
     
    44,055
     
    47,236
     
    39,362
     
    Forestal del Sur S.A.
     
    79.825.060-4
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Wood and ships
     
    1,310
     
    2,093
     
    2,018
     
    Portaluppi, Guzman y Bezanilla Abogados
     
    78.096.080-9
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Legal services
     
    1,496
     
    1,295
     
    1,312
     
    Empresa Nacional de Telecomunicaciones S.A.
     
    92.580.000-7
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    Telephone services
     
    460
     
    512
     
    552
     
    CMPC Maderas S.A.
     
    95.304.000-K
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    Wood and logs
     
    330
     
    511
     
    267
     
    Forestal Mininco S.A.
     
    91.440.000-7
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    Wood and logs
     
    62
     
    180
     
    204
     
    Red to Green S.A. (Ex-Sigma Servicios Informáticos S.A.)
     
    86.370.800-1
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Computer Services
     
    130
     
    249
     
    59
     
    Empresa de Residuos Resiter Ltda
     
    89.696.400-3
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Industrial Cleaning Services
     
    -
     
    -
     
    (285)
     
    Empresas de Residuos Industriales Resiter Ltda
     
    76.329.072-7
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Industrial Cleaning Services
     
    -
     
    -
     
    5,027
     
    Resiter Uruguay S.A.
     
    -
     
    Common director
     
    Uruguay
     
    U.S. Dollar
     
    Service to collect solid waste
     
    -
     
    -
     
    774
     
    Colbún Transmisión S.A.
     
    76.218.856-2
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Electrical Power
     
    389
     
    383
     
    447
     
    Woodtech S.A.
     
    76.724.000-7
     
    Indirect associate of controlling parent
     
    Chile
     
    Chilean pesos
     
    Wood volumen measurement services
     
    2,239
     
    982
     
    -
     
    Inversiones Siemel S.A.
     
    94.082.000-6
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    Rentals
     
    596
     
    777
     
    -
     
    CMPC Celulosa S.A.
     
    96.532.330-9
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    Others purchases
     
    965
     
    3
     
    2,217
     
     
    Sales
     
     
     
     
     
    Relationship
     
     
     
     
     
    Transaction
     
    12-31-2017
     
    12-31-2016
     
    12-31-2015
     
    Name of Related Party
     
    Tax ID No.
     
    Nature of
     
    Country
     
    Currency
     
    Descriptions
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Compañía de Petróleos de Chile S.A.
     
    99.520.000-7
     
    Common controlling parent
     
    Chile
     
    Chilean pesos
     
    Charter Services
     
    202
     
    -
     
    -
     
    Colbún S.A.
     
    96.505.760-9
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Electrical Power
     
    1,128
     
    5,999
     
    1,083
     
    EKA Chile S.A.
     
    99.500.140-3
     
    Joint venture
     
    Chile
     
    Chilean pesos
     
    Electrical Power
     
    19,182
     
    16,326
     
    17,543
     
    Stora Enso Arapoti Industria de Papel S.A.
     
    -
     
    Subsidiary of the Associate
     
    Brazil
     
    Brazilian Real
     
    Wood
     
    -
     
    1,149
     
    5,617
     
    Forestal del Sur S.A.
     
    79.825.060-4
     
    Common director
     
    Chile
     
    Chilean pesos
     
    Harvesting services, Wood and chips
     
    25,322
     
    21,657
     
    19,328
     
    Forestal Mininco S.A.
     
    91.440.000-7
     
    Common Stockholder
     
    Chile
     
    Chilean pesos
     
    Wood
     
    -
     
    47
     
    311
     
    Compañía Puerto de Coronel S.A.
     
    79.895.330-3
     
    Subsidiary of the Associate
     
    Chile
     
    U.F.
     
    Sale Land
     
    -
     
    1,914
     
    -
     
    Unilin Arauco Pisos Ltda.
     
    -
     
    Joint venture
     
    Brazil
     
    Brazilian Real
     
    Wood
     
    2,966
     
    5,263
     
    2,666
     
     
    Other Transactions
     
     
     
     
     
    Nature of
     
     
     
     
     
    Transaction
     
    12-31-2017
     
    12-31-2016
     
    12-31-2015
     
    Name of Related Party
     
    Tax ID No.
     
    Relationship
     
    Country
     
    Currency
     
    Descriptions
     
    ThU.S.$
     
    ThU.S.$
     
    ThU.S.$
     
    Novo Oeste Gestao de Ativo Florestais S.A.
     
    -
     
    Subsidiary of the Associate
     
    Brazil
     
    Brazilian Real
     
    Loans (Capital and interest)
     
    -
     
    -
     
    41,091
     
     
    (1) Since October 2015, the company is a subsidiary of Arauco, therefore, the transactions presented in this note are those made with this Company until that month (see Note 14).