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
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    • ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory

    The following tables set forth the balances and the reconciliation of the present value of severance indemnities obligations as of December 31, 2017 and December 31, 2016:
     
     
     
    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