SALMONES CAMANCHACA S.A. AND SUBSIDIARIES
Interim consolidated financial statements
As of June 30, 2023
CONTENTS
Interim consolidated statements of financial position
Interim consolidated statements of changes in equity
Interim consolidated statements of net income by function
Interim consolidated statements of comprehensive income
Interim consolidated statements of cash flows - direct method
Notes to the interim consolidated financial statements
ThUS$ - Thousands of US dollars
UF - Unidades de fomento (a Chilean peso-based inflation indexed currency unit) ThCh$ - Thousands of Chilean pesos
EY Chile | Tel: +56 (41) 2467000 |
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Concepción |
Review Report of the Independent Auditor
Shareholders and Directors
Salmones Camanchaca S.A.
Result of the Interim Consolidated Financial Information Review
We have reviewed the accompanying interim consolidated financial statements of Salmones Camanchaca S.A. and subsidiaries, which comprise the interim consolidated statement of financial position as of June 30, 2023, and the related interim consolidated statements of comprehensive income for the six and three-month periods ended June 30, 2023 and 2022, the interim consolidated statements of changes in equity and cash flows for the six-month periods then ended, and the related notes to the interim consolidated financial statements (collectively referred to as interim consolidated financial information).
Based on our review, we are not aware of any significant modifications that should be made to the accompanying interim consolidated financial information to bring it into conformity with IAS 34, "Interim Financial Reporting" as incorporated into the International Financial Reporting Standards.
Basis for the results of the interim review
We conducted our review in accordance with Generally Accepted Auditing Standards in Chile applicable to reviews of interim financial information. A review of interim financial information consists primarily of applying analytical procedures and making inquiries of persons responsible for accounting and financial matters. A review of interim financial information is substantially less in scope than an audit performed in accordance with Generally Accepted Auditing Standards in Chile, the objective of which is to express an opinion on the interim financial information as a whole. Therefore, we do not express such an opinion. In accordance with the ethical requirements relevant to our review, we are required to be independent of Salmones Camanchaca S.A. and to comply with our other ethical responsibilities in accordance with such requirements. We believe that the results of the review procedures provide us with a reasonable basis for our conclusion.
Management's Responsibility for the Interim Consolidated Financial Information
Management of Salmones Camanchaca S.A. is responsible for the preparation and fair presentation of the interim consolidated financial information in accordance with IAS 34, "Interim Financial Reporting" incorporated in the International Financial Reporting Standards. This responsibility includes designing, implementing and maintaining a relevant internal control to the preparation and fair presentation of the consolidated interim financial information that is free from material misstatement, whether due to fraud or error.
Other matters - Consolidated statement of financial position as of December 31, 2022
On February 22, 2023, we issued an unmodified opinion on the consolidated financial statements as of December 31, 2022 and 2021 of Salmones Camanchaca S.A. and subsidiaries, which include the consolidated statement of financial position as of December 31, 2022 presented in the accompanying interim consolidated financial statements and the related notes.
Concepción, August 16, 2023
CONTENTS | ||
INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | ||
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | ||
INTERIM CONSOLIDATED STATEMENTS OF NET INCOME BY FUNCTION | ||
INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS, DIRECT METHOD | ||
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS | ||
NOTE 1 - GENERAL INFORMATION | 1 | |
NOTE 2.- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2 | |
2.1 | Period covered | 2 |
2.2 | Basis of preparation | 2 |
2.3 | New pronouncements | 3 |
2.4 | Basis of consolidation | 7 |
2.5 | Investments in associates | 8 |
2.6 | Segment reporting | 9 |
2.7 | Foreign currency transactions | 9 |
2.8 | Property, plant, and equipment | 10 |
2.9 | Biological assets | 11 |
2.10 | Intangible assets other than goodwill | 12 |
2.11 | Interest costs | 13 |
2.12 | Impairment losses on non-financial assets | 13 |
2.13 | Financial assets and liabilities | 13 |
2.14 | Inventories | 15 |
2.15 | Statement of Cash Flow | 16 |
2.16 | Classification of Current and Non-Current Balances | 16 |
2.17 | Earnings per Share | 17 |
2.18 | Trade and other receivables | 17 |
2.19 | Cash and cash equivalents | 17 |
2.20 | Share capital | 17 |
2.21 | Trade and other payables, current | 17 |
2.22 | Current and deferred income taxes | 18 |
2.23 | Employee benefits | 18 |
2.24 | Provisions | 18 |
2.25 | Revenue recognition | 19 |
2.26 | Leasing | 20 |
2.27 | Dividend policy | 21 |
2.28 | The Environment | 21 |
2.29 | Fair value calculation | 21 |
2.30 | Investments under the Austral Law | 22 |
NOTE 3 - FINANCIAL RISK MANAGEMENT | 23 | |
3.1. | Credit risk | 23 |
3.2. | Liquidity risk | 23 |
3.3. | Market risk | 24 |
NOTE 4 - FINANCIAL INSTRUMENTS | 24 | |
NOTE 5 - SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGMENTS | 26 | |
NOTE 6 - CASH AND CASH EQUIVALENTS | 27 | |
NOTE 7 - TRADE AND OTHER RECEIVABLES | 27 | |
NOTE 8 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES | 28 | |
NOTE 9 - INVENTORIES | 31 | |
NOTE 10 - BIOLOGICAL ASSETS | 32 | |
NOTE 11 - OTHER CURRENT AND NON-CURRENTNON-FINANCIAL ASSETS | 33 | |
NOTE 12 - EQUITY METHOD INVESTMENTS | 34 | |
NOTE 13 - Current and non-current tax assets | 34 | |
NOTE 14 - INTANGIBLE ASSETS OTHER THAN GOODWILL | 35 | |
NOTE 15 - PROPERTY, PLANT AND EQUIPMENT | 38 | |
NOTE 16 - INCOME AND DEFERRED TAXES | 40 | |
NOTE 17 - OTHER CURRENT AND NON-CURRENT FINANCIAL LIABILITIES | 41 | |
NOTE 18 - LEASE LIABILITIES | 46 | |
NOTE 19 - TRADE AND OTHER PAYABLES | 46 | |
NOTE 20 - OTHER PROVISIONS | 47 | |
NOTE 21 - EMPLOYEE BENEFIT PROVISIONS | 47 | |
NOTE 22 - EQUITY | 48 | |
NOTE 23 - EARNINGS PER SHARE | 50 | |
NOTE 24 - OPERATING REVENUE | 50 | |
NOTE 25 - ADMINISTRATIVE EXPENSES | 51 | |
NOTE 26 - DISTRIBUTION COSTS | 52 | |
NOTE 27 - FINANCIAL INCOME AND COSTS | 52 | |
NOTE 28 - EXCHANGE DIFFERENCES | 53 | |
NOTE 29 - OTHER INCOME (LOSSES) | 54 | |
NOTE 30 - ASSETS AND LIABILITIES IN FOREIGN CURRENCIES | 54 | |
NOTE 31 - GUARANTEES AND CONTINGENCIES | 56 | |
NOTE 32 - SANCTIONS | 56 | |
NOTE 33 - THE ENVIRONMENT | 57 | |
NOTE 34 - SUBSEQUENT EVENTS | 57 |
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Salmones Camanchaca SA published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 21:39:11 UTC.