BANCO SANTANDER CHILE | CIK:0001027552 | 3

  • Filed: 3/28/2018
  • Entity registrant name: BANCO SANTANDER CHILE (CIK: 0001027552)
  • Generator: S2 Filings
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1027552/000095010318003835/0000950103-18-003835-index.htm
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    • ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory

    NOTE 24

    NON-CONTROLLING INTEREST

     

    a)The non-controlling interest included in the equity and the income from the subsidiaries is summarized as follows:

      

            Other comprehensive income
    As of December 31, 2017 Non-controlling Equity Income Available for sale investments Deferred tax Total other comprehensive income Comprehensive income
      % MCh$ MCh$  MCh$  MCh$  MCh$  MCh$
                   
    Subsidiaries:              
    Santander Agente de Valores Limitada 0.97 389 132 - - - 132
    Santander S.A. Sociedad Securitizadora 0.36 1 - - - - -
    Santander Corredores de Bolsa Limitada 49.00 21,000 702 470 (134) 336 1,038
    Santander Corredora de Seguros Limitada 0.25 167 4 - - - 4
    Subtotal   21,557 838 470 (134) 336 1,174
                   
    Entities controlled through other considerations:              
    Bansa Santander S.A.(1) 100.00 17,401 10,869 - - - 10,869

    Santander Gestión de Recaudación y

    Cobranzas Limitada

    		 100.00 2,925 741 - - - 741
    Subtotal   20,326 11,610 - - - 11,610
                   
    Total   41,883 12,448 470 (134) 336 12,784

     

    (1)In September 2017, Bansa Santander S.A. celebrated a legal cession of rights,which generated an income of Ch$20,663 million before tax (Ch$15,197 million net of taxes)

     

            Other comprehensive income
    As of December 31, 2016 Non-controlling Equity Income Available for sale investments Deferred tax Total other comprehensive income Comprehensive income
      % MCh$ MCh$  MCh$  MCh$  MCh$  MCh$
                   
    Subsidiaries:              
    Santander Agente de Valores Limitada 0.97 492 116 - - - 116
    Santander S.A. Sociedad Securitizadora 0.36 2 -    - - - -
    Santander Corredores de Bolsa Limitada (1) 49.41 19,966 1,130 1,054 (251) 803 1,933
    Santander Corredora de Seguros Limitada 0.25 164 7 - - - 7
                                            Subtotal   20,624 1,253 1,054 (251) 803                 2.056

    Entities controlled through other considerations:

    		              
    Bansa Santander S.A. 100.00 6,533 529 - - - 529

    Santander Gestión de Recaudación y

    Cobranzas Limitada

    		 100.00 2,184 583 - - - 583
    Subtotal   8,717 1,112 - - - 1,112
                   
    Total   29,341 2,365 1,054 (251) 803 3,168

     

    (1) Ex Santander S.A. Corredores de Bolsa, See Note1.

     

            Other comprehensive income
    As of December 31, 2015 Non-controlling Equity Income Available for sale investments Deferred tax Total other comprehensive income Comprehensive income
      % MCh$ MCh$  MCh$  MCh$  MCh$  MCh$
                   
    Subsidiaries:              
    Santander Agente de Valores Limitada 0.97 652 98 (4) 1 (3) 95
    Santander S.A. Sociedad Securitizadora 0.36 2 - - - - -
    Santander S.A. Corredores de Bolsa Ltda 49.41 21,765 816 (128) 29 (99) 717
    Santander Corredora de Seguros Limitada 0.25 156  (5) - - - (5)
    Subtotals   22,575 909 (132) 30 (102) 807
                   
    Entities controlled through other considerations:              
    Bansa Santander S.A. 100.00 6,004 334 - - - 334

    Santander Gestión de Recaudación y

    Cobranzas Limitada (1)

    		 100.00 1,602 564 - - - 564
    Multinegocios S.A. 100.00 - 310 - - - 310
    Servicios Administrativos y Financieros Limitada 100.00 - 550 - - - 550
    Multiservicios de Negocios Limitada 100.00 - 596 - - - 596
    Subtotals   7,606 2.354 - - - 2,354
                   
    Total   30,181 3.263 (132) 30 (102) 3,161

     

    (1) As of June 30, 2015, these entities have finished sales services to the Bank and therefore they have been excluded from the consolidation perimeter.

     

    b) The overview of the financial information of the subsidiaries included in the consolidation of the Bank that possess non-controlling interests is as follows, which does not include consolidation or conforming accounting policy adjustments:

     

      As of December 31,
      2017   2016   2015
           

    Net 

    income 

    		         Net income         Net
    Assets Liabilities Capital   Assets Liabilities Capital   Assets Liabilities Capital income
      MCh$ MCh$ MCh$ MCh$   MCh$ MCh$ MCh$ MCh$   MCh$ MCh$ MCh$ MCh$
    Santander Corredora de Seguros Limitada 76,177 9,803 64,937 1,437   75,000 10,065 62,276 2,659   72,860 10,588 60,765 1,507
    Santander Corredores de Bolsa Limitada 88,711 45,855 41,424 1,432   86,473 45,724

    38,356

    		 2,393   71,118 26,763 42,618 1,737
    Santander Agente de Valores Limitada 44,910 4,732 26,569 13,609   54,486 3,666 38,851 11,969   131,305 64,049 57,554 9,702
    Santander S.A. Sociedad Securitizadora 400 50 432 (82)   509 77 512 (80)   566 53 561 (48)
    Santander Gestión de Recaudación y Cobranzas Ltda. 10,826 7,901 2,184 741   8,547 6,363 1,602 582   6,194 4,592 1,038 564
    Bansa Santander S.A. 25,535 8,134 6,533 10,868   31,301 24,768 6,004 529   31,631 25,627 5,670 334
    Total 246,559 76,475 142,079 28,005   256,316 90,663 147,601 18,052   313,674 131,672 168,206 13,796