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:DisclosureOfOtherProvisionsExplanatory

    24.   Provisions:

     

     

    (a)   As of December 31, 2016 and 2017, provisions are detailed as follows:

     

     

     

    2016

     

    2017

     

     

     

    MCh$

     

    MCh$

     

    Provision for minimum dividends

     

    165,675

     

    172,804

     

    Other provisions for contingencies

     

    21,893

     

    21,733

     

     

     

     

     

     

     

    Total

     

    187,568

     

    194,537

     

     

     

     

     

     

     

     

    (b)   The following table details the changes in provisions during 2015, 2016 and 2017:

     

     

     

    Minimum
    dividends

     

    Other
    contingencies

     

    Total

     

     

     

    MCh$

     

    MCh$

     

    MCh$

     

     

     

     

     

     

     

     

     

    Balances as of January 1, 2015

     

    177,324

     

    8,319

     

    185,643

     

    Provisions established

     

    167,699

     

    7,061

     

    174,760

     

    Provisions used

     

    (177,324

    )

    (247

    )

    (177,571

    )

    Provisions released

     

     

     

     

     

     

     

     

     

     

     

     

    Balances as of December 31, 2015

     

    167,699

     

    15,133

     

    182,832

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balances as of January 1, 2016

     

    167,699

     

    15,133

     

    182,832

     

    Provisions established

     

    165,675

     

    6,880

     

    172,555

     

    Provisions used

     

    (167,699

    )

     

    (167,699

    )

    Provisions released

     

     

    (120

    )

    (120

    )

     

     

     

     

     

     

     

     

    Balances as of December 31, 2016

     

    165,675

     

    21,893

     

    187,568

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balances as of January 1, 2017

     

    165,675

     

    21,893

     

    187,568

     

    Provisions established

     

    172,804

     

     

    172,804

     

    Provisions used

     

    (165,675

    )

     

    (165,675

    )

    Provisions released

     

     

    (160

    )

    (160

    )

     

     

     

     

     

     

     

     

    Balances as of December 31, 2017

     

    172,804

     

    21,733

     

    194,537