Company: SQM
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0000909037-25-000036
Chunk: 21

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-09-30
Form: 6-K
Chunk 21
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. (c) Consolidated Interim Statements of Comprehensive Income for the six-month periods ended June 30, 2025 and 2024. (d) Consolidated Interim Statements of Changes in Equity for the six-month periods ended June 30, 2025 and 2024. (e) Consolidated Interim Statements of Cash Flows for the six-month periods ended June 30, 2025 and 2024. 2.2 Consolidated financial statements The interim consolidated financial statements of the Company and subsidiaries have been prepared in accordance with IAS 34 “Interim Financial Reporting” incorporated into IFRS accounting standards. The interim consolidated financial statements should be read in conjunction with the annual financial statements as of December 31, 2024. The accounting principles and criteria used in these interim financial statements were consistently applied throughout both periods and to the annual financial statements as of December 31, 2024. There have been no changes in the methods used to calculate accounting estimates during the periods reported. IFRS establish certain alternatives for their application, those applied by the Company are detailed in this Note and Note 3.

Notes to the Consolidated Interim Financial Statements June 30, 2025 15 2.3 Basis of measurement The consolidated interim financial statements have been prepared on the historical cost basis except for the following: (a) Inventories are recorded at the lower of cost and net realizable value. (b) Financial derivatives measured at fair value. (c) Certain financial investments measured at fair value with an offsetting entry in other comprehensive income. 2.4 Accounting pronouncements New accounting pronouncements (a) The following standards, interpretations and amendments are mandatory for the first time for annual periods beginning on January 1, 2025: Amendments and improvements Description Mandatory for annual periods beginning on or after Amendments to IAS 21 - Lack of exchangeability currency that cannot be exchanged with another currency for a specific purpose as of the measurement date. One currency is exchangeable into another when the other currency can be obtained with a normal administrative delay, and the transaction is performed using a market or exchange mechanism that creates enforceable rights and obligations. This amendment contains instructions regarding the exchange rate to be used when the currency is not exchangeable, as previously described. Early adoption is permitted. 01-01-2025 Management determined that the adoption of the aforementioned standards, amendments and interpretations did not significantly impact the Company’s consolidated financial statements. Notes to the Consolidated Interim Financial Statements