|
For the period ended December 31, 2017 |
|
Chile |
|
Argentina |
|
Brazil |
|
Paraguay |
|
Intercompany |
|
Consolidated |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Softdrinks |
|
391,629,010 |
|
444,872,352 |
|
387,545,053 |
|
113,314,824 |
|
(96,999) |
|
1,337,264,240 |
|
|
Other beverages |
|
160,244,448 |
|
99,712,939 |
|
216,352,694 |
|
27,962,406 |
|
— |
|
504,272,487 |
|
|
Packaging |
|
— |
|
9,202,768 |
|
— |
|
— |
|
(1,860,876) |
|
7,341,892 |
|
|
Net sales |
|
551,873,458 |
|
553,788,059 |
|
603,897,747 |
|
141,277,230 |
|
(1,957,875 |
) |
1,848,878,619 |
|
|
Cost of sales |
|
(328,579,003 |
) |
(294,370,581 |
) |
(362,686,353 |
) |
(85,346,902 |
) |
1,957,875 |
|
(1,069,024,964 |
) |
|
Distribution expenses |
|
(54,777,094 |
) |
(87,032,428 |
) |
(43,483,958 |
) |
(7,634,395 |
) |
— |
|
(192,927,875 |
) |
|
Administrative expenses |
|
(110,969,260 |
) |
(106,504,163 |
) |
(109,095,660 |
) |
(21,630,238 |
) |
— |
|
(348,199,321 |
) |
|
Finance income |
|
19,057,630 |
|
2,116,590 |
|
6,575,528 |
|
257,906 |
|
(16,813,279 |
) |
11,194,375 |
|
|
Finance expense |
|
(32,594,796 |
) |
(4,663,527 |
) |
(34,767,713 |
) |
(7,612 |
) |
16,813,279 |
|
(55,220,369 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net. |
|
(13,537,166 |
) |
(2,546,937 |
) |
(28,192,185 |
) |
250,294 |
|
— |
|
(44,025,994 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of the entity in income of associates |
|
246,084 |
|
(243 |
) |
(326,201 |
) |
— |
|
— |
|
(80,360 |
) |
|
Income tax expense |
|
(16,871,257 |
) |
(17,683,875 |
) |
(13,719,506 |
) |
(3,522,996 |
) |
— |
|
(51,797,634 |
) |
|
Other income (loss) |
|
(11,312,509 |
) |
(10,441,173 |
) |
(1,855,039 |
) |
(213,025 |
) |
— |
|
(23,821,746 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income of the segment reported |
|
16,073,253 |
|
35,208,659 |
|
44,538,845 |
|
23,179,968 |
|
— |
|
119,000,725 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
42,688,326 |
|
17,648,018 |
|
27,879,514 |
|
10,948,033 |
|
— |
|
99,163,891 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
223,245,173 |
|
97,529,488 |
|
132,815,545 |
|
30,419,844 |
|
— |
|
484,010,050 |
|
|
Non-current assets |
|
636,482,010 |
|
96,532,150 |
|
663,556,969 |
|
234,278,288 |
|
— |
|
1,630,849,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment assets, total |
|
859,727,183 |
|
194,061,638 |
|
796,372,514 |
|
264,698,132 |
|
— |
|
2,114,859,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying amount in associates and joint ventures accounted for using the equity method, total |
|
33,789,538 |
|
— |
|
53,019,531 |
|
— |
|
— |
|
86,809,069 |
|
|
Capital expenditures and other |
|
64,480,973 |
|
40,347,989 |
|
91,198,657 |
|
14,476,783 |
|
— |
|
210,504,402 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
169,508,083 |
|
105,886,744 |
|
135,595,155 |
|
17,297,339 |
|
— |
|
428,287,321 |
|
|
Non-current liabilities |
|
463,997,113 |
|
1,368,167 |
|
393,125,740 |
|
14,847,776 |
|
— |
|
873,338,796 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment liabilities, total |
|
633,505,196 |
|
107,254,911 |
|
528,720,895 |
|
32,145,115 |
|
— |
|
1,301,626,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows provided by in Operating Activities |
|
79,451,122 |
|
38,904,028 |
|
98,783,329 |
|
30,821,869 |
|
— |
|
247,960,348 |
|
|
Cash flows (used in) provided by Investing Activities |
|
(49,677,671 |
) |
(40,344,994 |
) |
(64,331,960 |
) |
(14,476,785 |
) |
— |
|
(168,831,410 |
) |
|
Cash flows (used in) provided by Financing Activities |
|
(91,800,089 |
) |
16,891,759 |
|
(3,437,442 |
) |
— |
|
— |
|
(78,345,770 |
) |
|
For the period ended December 31, 2016 |
|
Chile |
|
Argentina |
|
Brazil |
|
Paraguay |
|
Intercompany |
|
Consolidated |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Softdrinks |
|
391,479,133 |
|
424,427,824 |
|
389,048,385 |
|
106,953,951 |
|
(334,784) |
|
1,311,574,509 |
|
|
Other beverages |
|
148,948,285 |
|
83,518,724 |
|
201,097,188 |
|
25,051,552 |
|
— |
|
458,615,749 |
|
|
Packaging |
|
— |
|
9,112,468 |
|
— |
|
— |
|
(1,843,406) |
|
7,269,062 |
|
|
Net sales |
|
540,427,418 |
|
517,059,016 |
|
590,145,573 |
|
132,005,503 |
|
(2,178,190 |
) |
1,777,459,320 |
|
|
Cost of sales |
|
(319,213,825 |
) |
(279,308,400 |
) |
(359,156,149 |
) |
(78,409,843 |
) |
2,178,190 |
|
(1,033,910,027 |
) |
|
Distribution expenses |
|
(52,540,986 |
) |
(80,066,734 |
) |
(44,107,337 |
) |
(6,961,838 |
) |
|
|
(183,676,895 |
) |
|
Administrative expenses |
|
(117,615,991 |
) |
(97,788,860 |
) |
(109,345,331 |
) |
(21,452,613 |
) |
|
|
(346,202,795 |
) |
|
Finance income |
|
2,426,279 |
|
1,095,411 |
|
5,800,712 |
|
339,290 |
|
|
|
9,661,692 |
|
|
Finance expense |
|
(16,262,215 |
) |
(587,216 |
) |
(34,504,760 |
) |
(20,780 |
) |
|
|
(51,374,971 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net* |
|
(13,835,936 |
) |
508,195 |
|
(28,704,048 |
) |
318,510 |
|
— |
|
(41,713,279 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of the entity in income of associates |
|
717,947 |
|
— |
|
(980,529 |
) |
— |
|
— |
|
(262,582 |
) |
|
Income tax expense |
|
(19,763,700 |
) |
(17,427,278 |
) |
(8,911,762 |
) |
(2,704,353 |
) |
— |
|
(48,807,093 |
) |
|
Other income (loss) |
|
(13,481,333 |
) |
(8,284,072 |
) |
(9,322,611 |
) |
250,478 |
|
— |
|
(30,837,538 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income of the segment reported |
|
4,693,594 |
|
34,691,867 |
|
29,617,806 |
|
23,045,844 |
|
— |
|
92,049,111 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
43,619,318 |
|
16,445,143 |
|
25,666,094 |
|
11,603,897 |
|
— |
|
97,334,452 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
251,357,854 |
|
115,280,140 |
|
150,820,924 |
|
35,283,479 |
|
— |
|
552,742,397 |
|
|
Non-current assets |
|
644,817,201 |
|
98,810,807 |
|
659,123,444 |
|
243,615,898 |
|
— |
|
1,646,367,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment assets, total |
|
896,175,055 |
|
214,090,947 |
|
809,944,368 |
|
278,899,377 |
|
— |
|
2,199,109,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying amount in associates and joint ventures accounted for using the equity method, total |
|
23,854,602 |
|
— |
|
53,343,179 |
|
— |
|
— |
|
77,197,781 |
|
|
Capital expenditures and other |
|
47,755,389 |
|
37,029,524 |
|
51,779,625 |
|
9,239,522 |
|
— |
|
145,804,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
137,438,744 |
|
134,624,014 |
|
130,279,607 |
|
17,192,489 |
|
— |
|
419,534,854 |
|
|
Non-current liabilities |
|
509,625,208 |
|
(1,981,066 |
) |
413,749,384 |
|
16,011,340 |
|
— |
|
937,404,866 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment liabilities, total |
|
647,063,952 |
|
132,642,948 |
|
544,028,991 |
|
33,203,829 |
|
— |
|
1,356,939,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows provided by Operating Activities |
|
71,077,982 |
|
54,162,992 |
|
67,963,682 |
|
30,241,904 |
|
— |
|
223,446,560 |
|
|
Cash flows (used in) provided by Investing Activities |
|
(15,781,118 |
) |
(37,017,204 |
) |
(51,873,047 |
) |
(9,244,948 |
) |
— |
|
(113,916,317 |
) |
|
Cash flows (used in) provided by Financing Activities |
|
(23,591,062 |
) |
(17,777,191 |
) |
(36,806,173 |
) |
(20,050,099 |
) |
— |
|
(98,224,525 |
) |
(*) Financial expenses associated with external financing for the purchase of companies, including capital contributions are presented in this item.
|
For the period ended December 31, 2015 |
|
Chile |
|
Argentina |
|
Brazil |
|
Paraguay |
|
Intercompany |
|
Consolidated |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Softdrinks |
|
375,993,430 |
|
523,460,939 |
|
417,508,814 |
|
105,709,646 |
|
(281,091 |
) |
1,422,391,738 |
|
|
Other beverages |
|
138,739,166 |
|
93,409,514 |
|
189,538,968 |
|
24,329,754 |
|
— |
|
446,017,402 |
|
|
Packaging |
|
— |
|
10,387,685 |
|
— |
|
— |
|
(1,402,569 |
) |
8,985,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
514,732,596 |
|
627,258,138 |
|
607,047,782 |
|
130,039,400 |
|
(1,683,660 |
) |
1,877,394,256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
(309,387,177 |
) |
(351,139,902 |
) |
(369,212,113 |
) |
(78,650,614 |
) |
1,683,660 |
|
(1,106,706,146 |
) |
|
Distribution expenses |
|
(51,642,087 |
) |
(97,485,454 |
) |
(46,571,390 |
) |
(6,791,861 |
) |
— |
|
(202,490,792 |
) |
|
Administrative expenses |
|
(105,959,018 |
) |
(115,611,438 |
) |
(109,802,964 |
) |
(21,227,426 |
) |
— |
|
(352,600,846 |
) |
|
Finance income |
|
1,859,795 |
|
1,669,559 |
|
6,239,526 |
|
349,495 |
|
— |
|
10,118,375 |
|
|
Finance expense |
|
(16,699,299 |
) |
(3,916,370 |
) |
(35,021,529 |
) |
(32,019 |
) |
— |
|
(55,669,217 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net* |
|
(14,839,504 |
) |
(2,246,811 |
) |
(28,782,003 |
) |
317,476 |
|
— |
|
(45,550,842 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of the entity in income of associates accounted for using the equity method, total |
|
777,620 |
|
— |
|
(3,105,449 |
) |
— |
|
— |
|
(2,327,829 |
) |
|
Income tax expense |
|
(14,949,823 |
) |
(16,740,817 |
) |
(6,887,666 |
) |
(3,064,256 |
) |
— |
|
(41,642,562 |
) |
|
Other income (loss) |
|
(15,363,727 |
) |
(9,902,996 |
) |
(10,809,496 |
) |
(1,901,094 |
) |
— |
|
(37,977,313 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income of the segment reported |
|
3,368,880 |
|
34,130,720 |
|
31,876,701 |
|
18,721,625 |
|
— |
|
88,097,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
40,083,270 |
|
21,171,806 |
|
26,572,048 |
|
12,805,208 |
|
— |
|
100,632,332 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
256,380,151 |
|
111,228,338 |
|
145,809,121 |
|
33,992,246 |
|
— |
|
547,409,856 |
|
|
Non-current assets |
|
668,605,326 |
|
102,027,611 |
|
631,923,188 |
|
259,395,043 |
|
— |
|
1,661,951,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment assets, total |
|
924,985,477 |
|
213,255,949 |
|
777,732,309 |
|
293,387,289 |
|
— |
|
2,209,361,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying amount in associates and joint ventures accounted for using the equity method, total |
|
17,793,784 |
|
— |
|
36,396,762 |
|
— |
|
— |
|
54,190,546 |
|
|
Capital expenditures and other |
|
50,042,740 |
|
30,056,170 |
|
25,745,746 |
|
7,469,941 |
|
— |
|
113,314,597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
81,766,688 |
|
113,185,338 |
|
164,173,404 |
|
21,448,780 |
|
— |
|
380,574,210 |
|
|
Non-current liabilities |
|
571,635,493 |
|
6,708,979 |
|
381,506,922 |
|
17,401,120 |
|
— |
|
977,252,514 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment liabilities, total |
|
653,402,181 |
|
119,894,317 |
|
545,680,326 |
|
38,849,900 |
|
— |
|
1,357,826,724 |
|
|
|
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|
Cash flows provided by in Operating Activities |
|
105,897,100 |
|
83,290,552 |
|
66,272,643 |
|
9,448,935 |
|
— |
|
264,909,230 |
|
|
Cash flows (used in) provided by Investing Activities |
|
(40,431,754 |
) |
(28,732,653 |
) |
(29,150,493 |
) |
(4,816,170 |
) |
— |
|
(103,131,070 |
) |
|
Cash flows (used in) provided by Financing Activities |
|
(50,804,304 |
) |
(15,529,951 |
) |
(31,576,973 |
) |
(649,149 |
) |
— |
|
(98,560,377 |
) |