Company: SQM
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0000909037-25-000010
Chunk: 19

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-03
Form: 6-K
Chunk 19
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 custody by stockbrokers and as of December 31, 2023 the Sociedad de Inversiones Pampa Calichera S.A. owned 46,600,458 Series A and B shares with 2,348,842 Series A shares held in custody by stockbrokers

Notes to the Consolidated Financial Statement December 31, 2024 14 Note 2 Basis of presentation for the consolidated financial statements 2.1 Accounting period These consolidated financial statements cover the following periods: (a) Consolidated Statements of Financial Position as of December 31, 2024 and 2023. (b) Consolidated Statements of Income for the periods from January 1 to December 31, 2024 and 2023. (c) Consolidated Statements of Comprehensive Income from January 1 to December 31, 2024 and 2023. (d) Consolidated Statements of Changes in Equity for the years ended December 31, 2024 and 2023. (e) Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023. 2.2 Consolidated financial statements The consolidated financial statements of the Group have been prepared in accordance with IFRS accounting standards as issued by the IASB, and represent the complete, explicit and unreserved adoption of these standards. These consolidated financial statements fairly present the Company’s financial position as of December 31, 2024 and 2023 and the results of its operations, changes in equity and cash flows for three years in the period ended December 31, 2024 and 2023. IFRS establish certain alternatives for their application, those applied by the Company are detailed in this Note and Note 3. The accounting policies used in preparing these consolidated financial statements comply with each IFRS in effect as of the reporting date.

Notes to the Consolidated Financial Statement December 31, 2024 15 2.3 Basis of measurement The consolidated 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, 2024: