Enel Chile(ENIC)2025-04-29 14:11Debt Management - As of December 31, 2024, the total outstanding debt amounts to 3,914,828 million Ch[672] - 89% of the total outstanding debt had fixed interest rates, while 11% was subject to variable interest rates as of December 31, 2024[679] - The weighted average interest rate for fixed-rate debt is 4.6%, and for variable-rate debt, it is 5.3% as of December 31, 2024[672] - The total fixed-rate debt as of December 31, 2024, is 2,998,702 million Ch[672] - The company plans to manage interest rate risk using derivatives to minimize the average cost of debt and reduce financial volatility[678] Risk Management - The company held hedges for 551 kBbl of Brent oil purchases and 217 kBbl of sales to be settled as of December 31, 2023[671] - The company has a commercial policy to mitigate risks during extreme drought conditions, aligning sale commitments with generation capacity[667] - The company continually evaluates hedging strategies to mitigate the impact of commodity price volatility on profits[669] - The carrying value of financial instruments hedging foreign exchange risk totals 235,894 million Ch as of December 31, 2024[686] - As of December 31, 2023, the total carrying value of financial instruments hedging foreign exchange risk for interest-bearing debt is Ch12,131 million[689] - The expected maturity dates for the hedging instruments are primarily in 2024 (Ch67,227 million) with no amounts due in subsequent years[689] - The fair value of hedging instruments was calculated based on discounted future cash flows, reflecting current discount rates and associated risks[689] Currency Transition - The company transitioned its functional currency from Chilean peso to U.S. dollar effective January 1, 2025[685] - Effective January 1, 2025, the company will change its functional currency to the U.S. dollar[690] Forward-Looking Information - The company has provided a safe harbor statement regarding forward-looking information in its market risk disclosures[691]