As of December 31, 2017 and 2016, inventory is detailed as follows:
| As of December 31, 2017 |
As of December 31, 2016 |
|||||||
| Classes of inventory | ThCh$ | ThCh$ | ||||||
| Wine in bulk (a) | 154,421,580 | 149,875,913 | ||||||
| Bottled wines (b) | 54,032,816 | 57,524,535 | ||||||
| Semi-finished wines | 5,945,781 | 4,763,079 | ||||||
| Liquors | 4,273,575 | 3,400,754 | ||||||
| Material and Supplies (c) | 12,816,687 | 11,387,419 | ||||||
| Other Products | 4,242,652 | 3,338,056 | ||||||
| Total inventory, net | 235,733,091 | 230,289,756 | ||||||
| (a) | Within “Wine in bulk” is included the non-bottled wine. |
| (b) | Within bottled wines is included the wine once concluded the bottling process. |
| (c) | In material and supplies are included all those necessary resources for the wine production. |
| (d) | In other products are all those inventory not included in the above lines, such as beverages other than wine and merchandising material. |
Changes of estimates to obsolescence are as follows:
| As of December 31, 2017 | As of December 31, 2016 | As of December 31, 2015 | ||||||||||
| ThCh$ | ThCh$ | ThCh$ | ||||||||||
| Beginning balance | (2,306,166 | ) | (2,481,150 | ) | (3,036,299 | ) | ||||||
| Estimation of obsolescence | (1,339,215 | ) | (1,114,952 | ) | (3,071,587 | ) | ||||||
| Use of provision | 1,897,792 | 1,289,936 | 3,626,736 | |||||||||
| Total | (1,747,589 | ) | (2,306,166 | ) | (2,481,150 | ) | ||||||
From total cost of sale, the amounts corresponding to direct costs are as follows:
| As of December 31, 2017 |
As of December 31, 2016 |
As of December 31, 2015 |
||||||||||
| ThCh$ | ThCh$ | ThCh$ | ||||||||||
| Direct cost | 382,485,664 | 385,682,789 | 365,309,652 | |||||||||
There is no inventory pledged as collateral for debt compliance.
There is no non-current inventory as of December 31, 2017 and 2016, because it is available for sale to the public once it is produced. The stocks for which technical or elaboration involves a cycle of more than twelve months represent a marginal total.