| | | 2017 | | 2016 | | 2015 | |
| | | ThU.S.$ | | ThU.S.$ | | ThU.S.$ | |
| Employee expenses | | 563,117 | | 532,957 | | 537,629 | |
| Wages and salaries | | 542,981 | | 506,993 | | 519,066 | |
| Severance indemnities | | 20,136 | | 25,964 | | 18,563 | |
| | | 2017 | | 2016 | | 2015 | |
| Discount rate | | 5.11% | | 4.52% | | 4.91% | |
| Inflation | | 2.77% | | 2.79% | | 2.95% | |
| Annual rate of wage growth | | 5.22% | | 5.22% | | 5.22% | |
| Mortality rate (1) | | RV-2014 | | RV-2009 | | RV-2009 | |
| (1) | For the purposes of determining the technical reserves, Chilean annuity providers are required by law to utilize the mortality tables specified by the SVS (currently Chilean Commission for the Financial Market). The most recent table is the RV-2014, which is based on Chilean pensioner experience from 2006-2013 (SP &; SVS, 2013). The mortality tables distinguish between males and females. |
| Sensitivities to assumptions | | 2017 ThU.S.$ | |
| | | | |
| Discount rate | | | |
| Increase in 100 bps | | (5,170) | |
| Decrease in 100 bps | | 6,018 | |
| | | | |
| | | | |
| Wage growth rates | | | |
| Increase in 100 bps | | 5,590 | |
| Decrease in 100 bps | | (5,212) | |
| | | 12-31-2017 | | 12-31-2016 | |
| | | ThU.S.$ | | ThU.S.$ | |
| Current | | 5,730 | | 5,244 | |
| Non-current | | 66,033 | | 60,084 | |
| Total | | 71,763 | | 65,328 | |
| | | 12-31-2017 | | 12-31-2016 | |
| Reconciliation of the present value of severance indemnities obligations | | ThU.S.$ | | ThU.S.$ | |
| Opening balance | | 65,328 | | 56,433 | |
| Current service cost | | 5,583 | | 5,334 | |
| Interest cost | | 3,208 | | 2,957 | |
| (Gains) losses from changes in actuarial assumptions | | (3,711) | | 2,083 | |
| Actuarial gains and losses arising from experience | | 1,212 | | 3,503 | |
| Benefits paid | | (5,654) | | (7,871) | |
| Increase (decrease) for foreign currency exchange rates changes | | 5,792 | | 2,889 | |
| Closing balance | | 71,763 | | 65,328 | |