Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document and Entity Information [Abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | UNITED BREWERIES CO INC |
Entity Central Index Key | 0000888746 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Trading Symbol | CCU |
Entity Common Stock, Shares Outstanding | 369,502,872 |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
CONSOLIDATED STATEMENT OF FINAN
CONSOLIDATED STATEMENT OF FINANCIAL POSITION $ in Thousands | Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) | |
Current assets | |||
Cash and cash equivalents | $ 319,014,050 | $ 170,044,602 | |
Other financial assets | 22,745,469 | 10,724,196 | |
Other non-financial assets | 18,861,414 | 15,834,225 | |
Trade and other current receivables | 320,702,339 | 286,213,598 | |
Accounts receivable from related parties | 3,048,841 | 5,810,764 | |
Inventories | 228,062,237 | 201,987,891 | |
Biological assets | 8,489,873 | 8,157,688 | |
Current tax assets | 17,302,429 | 28,027,878 | |
Total current assets other than non-current assets of disposal groups classified as held for sale | 938,226,652 | 726,800,842 | |
Non-current assets of disposal groups classified as held for sale | 2,780,607 | 2,305,711 | |
Total Non-current assets of disposal groups classified as held for sale | 2,780,607 | 2,305,711 | |
Total current assets | 941,007,259 | 729,106,553 | |
Non-current assets | |||
Other financial assets | 3,325,079 | 1,918,191 | |
Other non-financial assets | 5,007,150 | 4,644,827 | |
Trade and other non-current receivables | 3,363,123 | 3,974,395 | |
Accounts receivable from related parties | 190,865 | 258,471 | |
Investments accounted for using equity method | 142,017,781 | 99,270,280 | |
Intangible assets other than goodwill | 118,964,142 | 77,032,480 | |
Goodwill | 123,044,901 | 94,617,474 | |
Property, plant and equipment (net) | 1,021,266,631 | 917,913,428 | |
Investment property | 8,715,956 | 5,825,359 | |
Deferred tax assets | 37,691,088 | 40,351,329 | |
Current tax assets non current | 1,270,941 | 1,316,300 | |
Total non-current assets | 1,464,857,657 | 1,247,122,534 | |
Total Assets | 2,405,864,916 | 1,976,229,087 | |
Current liabilities | |||
Other financial liabilities | 62,766,946 | 53,591,658 | [1] |
Trade and other current payables | 303,380,168 | 281,681,553 | |
Accounts payable to related parties | 6,936,910 | 10,069,043 | |
Other current provisions | 405,069 | 349,775 | |
Current tax liabilities | 75,885,449 | 22,526,634 | |
Provisions for employee benefits | 31,794,163 | 26,232,493 | |
Other non-financial liabilities | 164,555,540 | 74,298,299 | |
Total current liabilities | 645,724,245 | 468,749,455 | |
Non-current liabilities | |||
Other financial liabilities | 228,185,297 | 161,001,732 | |
Trade and other non-current payables | 12,413 | 541,783 | |
Other non-current provisions | 7,425,759 | 1,240,389 | |
Deferred tax liabilities | 108,500,171 | 94,350,111 | |
Provisions for employee benefits | 26,901,088 | 23,517,009 | |
Total non-current liabilities | 371,024,728 | 280,651,024 | |
Total liabilities | 1,016,748,973 | 749,400,479 | |
Equity attributable to equity holders of the parent | |||
Paid-in capital | 562,693,346 | 562,693,346 | |
Other reserves | (151,048,226) | (178,075,279) | |
Retained earnings | 868,481,588 | 716,458,990 | |
Total equity attributable to equity holders of the parent | 1,280,126,708 | 1,101,077,057 | |
Non-controlling interests | 108,989,235 | 125,751,551 | |
Total Shareholders' Equity | 1,389,115,943 | 1,226,828,608 | |
Total Liabilities and Shareholders' Equity | $ 2,405,864,916 | $ 1,976,229,087 | |
[1] | See Note 21 - Other financial liabilities. |
CONSOLIDATED STATEMENT OF INCOM
CONSOLIDATED STATEMENT OF INCOME - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Net sales | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 |
Cost of sales | (860,011,392) | [1] | (798,738,655) | (741,819,916) |
Gross margin | 923,270,945 | [1] | 899,622,139 | 817,077,792 |
Other income by function | 228,455,054 | 6,717,902 | 5,144,154 | |
Distribution costs | (314,391,183) | (290,227,129) | (270,835,822) | |
Administrative expenses | (152,376,458) | (142,514,649) | (155,322,295) | |
Other expenses by function | (216,236,609) | (238,704,061) | (195,412,109) | |
Other gains (losses) | 4,029,627 | (7,716,791) | (8,345,907) | |
Income from operational activities | 472,751,376 | 227,177,411 | 192,305,813 | |
Finance income | 15,794,456 | 5,050,952 | 5,680,068 | |
Finance costs | (23,560,662) | (24,166,313) | (20,307,238) | |
Share of net loss of joint ventures and associates accounted for using the equity method | (10,815,520) | (8,914,097) | (5,560,522) | |
Foreign currency exchange differences | 3,299,657 | (2,563,019) | 456,995 | |
Result as per adjustment units | 742,041 | (110,539) | (2,246,846) | |
Income before taxes | 458,211,348 | [1] | 196,474,395 | 170,328,270 |
Tax income (expense) | (136,126,817) | (48,365,976) | (30,246,383) | |
Net income of year | 322,084,531 | 148,108,419 | 140,081,887 | |
Net income attibutable to: | ||||
Equity holders of the parent | 306,890,792 | 129,607,353 | 118,457,488 | |
Non-controlling interests | 15,193,739 | 18,501,066 | 21,624,399 | |
Net income of year | $ 322,084,531 | $ 148,108,419 | $ 140,081,887 | |
Net income per share (Chilean pesos) from: | ||||
Continuing operations | $ 830.55 | $ 350.76 | $ 320.59 | |
Diluted earnings per share (Chilean pesos) from: | ||||
Continuing operations | $ 830.55 | $ 350.76 | $ 320.59 | |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - CLP ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||||
Net income of year | $ 322,084,531 | $ 148,108,419 | $ 140,081,887 | |||
Components of other comprehensive income that will not be reclassified to income for the year, before taxes | ||||||
Gains (losses) from defined benefit plans | (1,263,781) | 19,669 | (2,355,384) | |||
Other comprehensive income that will not be reclassified to incom for the year, before taxes | (1,263,781) | 19,669 | (2,355,384) | |||
Components of other comprehensive income that will be reclassified to income for the year, before taxes | ||||||
Gains (losses) on exchange differences on translation | 63,008 | [1] | (5,661) | 84,962 | [1] | |
Gains (losses) on cash flow hedges | 37,990,079 | [1] | (34,786,480) | [1] | (27,280,176) | |
Other comprehensive income that will be reclassified to income for the year, before taxes | 38,053,087 | (34,792,141) | (27,195,214) | |||
Other comprehensive income, before tax | 36,789,306 | (34,772,472) | (29,550,598) | |||
Income taxes related to components of other comprehensive income that will not be reclassified to income for the year | ||||||
Income tax relating to defined benefit plans | 339,533 | (47,228) | 659,198 | |||
Income taxes related to components of other comprehensive income that will not be reclassified to income for the year | 339,533 | (47,228) | 659,198 | |||
Income taxes related to components of other comprehensive income that will be reclassified to income for the year | ||||||
Income tax relating to cash flow hedges | (16,196) | 728 | (20,648) | |||
Income taxes related to components of other comprehensive income that will be reclassified to income for the year | (16,196) | 728 | (20,648) | |||
Total other comprehensive income and expense | 37,112,643 | (34,818,972) | (28,912,048) | |||
Comprehensive income (expense) | 359,197,174 | [2] | 113,289,447 | 111,169,839 | ||
Comprehensive income (expense) attributable to: | ||||||
Equity holders of the parent | 341,548,106 | 96,580,893 | 91,752,250 | |||
Non-controlling interests | 17,649,068 | 16,708,554 | 19,417,589 | |||
Total Comprehensive income (expense) | $ 359,197,174 | [2] | $ 113,289,447 | $ 111,169,839 | ||
[1] | These concepts will be reclassified to the Statement of Income when it’s settled. | |||||
[2] | See Note 27 - Common Shareholders’ Equity. |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - CLP ($) $ in Thousands | Total | Common Stock | Reserve of exchange differences on translation | Reserve of cash flow hedges | Reserve of Actuarial gains and losses on defined benefit plans | Other reserves | Total other reservations | Retained earnings | Equity attributable to equity holders of the parent | Non-controlling interests | |
Beginning Balance at Dec. 31, 2015 | $ 1,187,522,145 | $ 562,693,346 | $ (95,435,386) | $ (2,526) | $ (2,302,418) | $ (5,486,086) | $ (103,226,416) | $ 598,349,442 | $ 1,057,816,372 | $ 129,705,773 | |
Changes | |||||||||||
Interim dividends | [1] | (24,387,190) | 0 | 0 | 0 | 0 | 0 | 0 | (24,387,190) | (24,387,190) | 0 |
Interim dividends according to policy | [2] | (34,841,553) | 0 | 0 | 0 | 0 | 0 | 0 | (34,841,553) | (34,841,553) | 0 |
Other increase (decrease) in Equity | [3] | (14,413,649) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (14,413,649) |
Effects business combination | [4] | 363,139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 363,139 |
Total Comprehensive income (expense) | 111,169,839 | 0 | (25,123,546) | 41,607 | (1,623,299) | 0 | (26,705,238) | 118,457,488 | 91,752,250 | 19,417,589 | |
Increase (decrease) through changes in ownership interests in subsidaries | [5] | (24,757,013) | 0 | 0 | 0 | 0 | (13,041,724) | (13,041,724) | 0 | (13,041,724) | (11,715,289) |
Total changes in equity | 13,133,573 | 0 | (25,123,546) | 41,607 | (1,623,299) | (13,041,724) | (39,746,962) | 59,228,745 | 19,481,783 | (6,348,210) | |
Ending Balance at Dec. 31, 2016 | 1,200,655,718 | 562,693,346 | (120,558,932) | 39,081 | (3,925,717) | (18,527,810) | (142,973,378) | 657,578,187 | 1,077,298,155 | 123,357,563 | |
Changes | |||||||||||
Final dividends | [6] | (5,922,874) | 0 | 0 | 0 | 0 | 0 | 0 | (5,922,874) | (5,922,874) | 0 |
Interim dividends | [1] | (25,865,201) | 0 | 0 | 0 | 0 | 0 | 0 | (25,865,201) | (25,865,201) | 0 |
Interim dividends according to policy | [2] | (38,938,475) | 0 | 0 | 0 | 0 | 0 | 0 | (38,938,475) | (38,938,475) | 0 |
Other increase (decrease) in Equity | [3] | (8,805,260) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (8,805,260) |
Total Comprehensive income (expense) | 113,289,447 | 0 | (32,982,829) | (10,837) | (32,794) | 0 | (33,026,460) | 129,607,353 | 96,580,893 | 16,708,554 | |
Increase (decrease) through changes in ownership interests in subsidaries | [7] | (7,584,747) | 0 | 0 | 0 | 0 | (2,075,441) | (2,075,441) | 0 | (2,075,441) | (5,509,306) |
Total changes in equity | 26,172,890 | 0 | (32,982,829) | (10,837) | (32,794) | (2,075,441) | (35,101,901) | 58,880,803 | 23,778,902 | 2,393,988 | |
Ending Balance (Previously stated [member]) at Dec. 31, 2017 | 1,226,692,832 | 562,693,346 | (153,541,761) | 28,244 | (3,958,511) | (20,603,251) | (178,075,279) | 716,332,268 | 1,100,950,335 | 125,742,497 | |
Ending Balance at Dec. 31, 2017 | 1,226,828,608 | 562,693,346 | (153,541,761) | 28,244 | (3,958,511) | (20,603,251) | (178,075,279) | 716,458,990 | 1,101,077,057 | 125,751,551 | |
Increase (decrease) due to changes in accounting policies at Dec. 31, 2017 | [8] | (135,776) | 0 | 0 | 0 | 0 | 0 | 0 | (126,722) | (126,722) | (9,054) |
Changes | |||||||||||
Final dividends | [6] | (1,296,076) | 0 | 0 | 0 | 0 | 0 | 0 | (1,296,076) | (1,296,076) | 0 |
Interim dividends | [1] | (51,730,402) | 0 | 0 | 0 | 0 | 0 | 0 | (51,730,402) | (51,730,402) | 0 |
Interim dividends according to policy | [2] | (101,714,994) | 0 | 0 | 0 | 0 | 0 | 0 | (101,714,994) | (101,714,994) | 0 |
Other increase (decrease) in Equity | [3] | (7,374,653) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (7,374,653) |
Effects business combination | [9] | 6,755,102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,755,102 |
Total Comprehensive income (expense) | [10] | 359,197,174 | 0 | 35,487,433 | 51,944 | (882,063) | 0 | 34,657,314 | 306,890,792 | 341,548,106 | 17,649,068 |
Increase (decrease) through changes in ownership interests in subsidaries | [11] | (41,413,040) | 0 | 0 | 0 | 0 | (7,630,261) | (7,630,261) | 0 | (7,630,261) | (33,782,779) |
Total changes in equity | 162,423,111 | 0 | 35,487,433 | 51,944 | (882,063) | (7,630,261) | 27,027,053 | 152,149,320 | 179,176,373 | (16,753,262) | |
Ending Balance at Dec. 31, 2018 | $ 1,389,115,943 | $ 562,693,346 | $ (118,054,328) | $ 80,188 | $ (4,840,574) | $ (28,233,512) | $ (151,048,226) | $ 868,481,588 | $ 1,280,126,708 | $ 108,989,235 | |
[1] | Related to dividends declared as of December 31 of each year and paid during January of the following year, as agreed by the Board of Directors. | ||||||||||
[2] | Corresponds to the differences between CCU’s policy to distribute a minimum dividend of at least 50% of the income (Note 27- Common Shareholders’ Equity) and the interim dividends declared as of December 31 of each year. | ||||||||||
[3] | Mainly related to dividends to Non-controlling interest. | ||||||||||
[4] | Corresponds to the non-controlling interest from the business combinations of paraguayan company Sajonia Brewing Company S.R.L. (Note 1 - General Information, letter D)). | ||||||||||
[5] | In 2016, the Company, through its subsidiaries Aguas CCU-Nestlé Chile S.A. and Embotelladoras Chilenas Unidas S.A., acquired an additional interest of Manantial S.A. for an amount of ThCh$ 19,111,686, with a carrying amount of ThCh$ 3,816,220, gererating in a decrease in Other reserves of ThCh$ 7,801,153 (see Note 1 - General Information (1)). Additionally, during 2016 the Company, through its subsidiary Compañía Industrial Cervecera S.A. acquired an additional interest in Los Huemules SRL. for an amount of ThCh$ 118,092, with a carrying amount of ThCh$ 312,103, resulting in an increase in Other reserves of ThCh$ 194,000 (see Note 1 - General Information (4)). Finally during 2016, the joint venture Foods acquired an additional interest in Alimentos Nutrabien S.A. for an amount of ThCh$ 14,352,706, with a carrying amount of ThCh$ 3,497,385, resulting in a decrease of ThCh$ 5,426,209. | ||||||||||
[6] | Corresponds to the differences between the final dividend and CCU’s policy of distributing a minimum dividend of at least 50% of income (Note 27 - Common Shareholders’ Equity). | ||||||||||
[7] | During 2017, through its subsidiary CCU Inversiones S.A., the Company acquired an additional interest of VSPT for an amount of ThCh$ 7,800,000 with a carrying amount of ThCh$ 5,724,003, generated, at CCU's consolidated level, a decrease in Other reserves of ThCh$ 2,075,441. | ||||||||||
[8] | See Note 4 - Accounting changes. | ||||||||||
[9] | See Note 15 – Business Combinations. | ||||||||||
[10] | See Note 27 - Common Shareholders’ Equity. | ||||||||||
[11] | During 2018, the Company through its subsidiary CCU Inversiones S.A., acquired an additional interest of VSPT for an amount of ThCh$ 49,222,781 with a carrying amount of ThCh$ 36,165,735, generated, at CCU's consolidated level, a decrease in Other reserves of ThCh$ 13,054,114 and on December 17, 2018 the joint venture Foods Compañía de Alimentos CCU S.A. (“Foods”) and subsidiary CCU Inversiones S.A. sold the property over Alimentos Nutrabien S.A.generating an effect in Other reserves of ThCh $ 5,426,209 (Note 27 - Common Shareholders’ Equity). |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOW - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Classes of cash receipts from operating activities: | ||||
Proceeds from goods sold and services rendered | $ 2,063,846,199 | $ 2,027,615,713 | $ 1,862,763,071 | |
Other proceeds from operating activities | 211,980,184 | 27,287,853 | 23,086,788 | |
Classes of cash payments from operating activities: | ||||
Payments of operating activities | (1,308,662,407) | (1,263,418,419) | (1,216,451,995) | |
Payments of salaries | (202,182,968) | (202,321,289) | (201,389,122) | |
Other payments for operating activities | (282,794,912) | (262,820,379) | (228,011,323) | |
Cash flow from (used in) operations | 482,186,096 | 326,343,479 | 239,997,419 | |
Dividends received | 374,208 | 264,079 | 34,380 | |
Interest paid | (17,691,156) | (18,564,514) | (16,958,068) | |
Interest received | 13,627,809 | 4,870,651 | 5,635,697 | |
Income tax reimbursed (paid) | (35,068,401) | (40,656,061) | (47,055,951) | |
Other cash movements | (14,115,425) | (10,096,203) | 8,360,871 | |
Net cash flows from operating activities | 429,313,131 | 262,161,431 | 190,014,348 | |
Cash flows from (used in) investing activities | ||||
Cash flows used to obtain control of subsidaries or other businesses | (5,819,495) | 0 | (641,489) | |
Cash flows used to purchase non-controlling interests | 0 | (1,149,689) | (2,174,370) | |
Other charges on the sale of interests in joint ventures | 0 | 1,058,984 | 512,596 | |
Other payments to acquire interests in joint ventures | [1] | (59,505,559) | (49,312,890) | (27,043,481) |
Proceeds from sales of property, plan and equipment | 1,064,516 | 1,554,696 | 2,753,539 | |
Purchase of property, plant and equipment | (128,366,525) | (123,526,778) | (125,691,740) | |
Purchases of intangibles assets | (3,073,897) | (2,238,702) | (3,191,685) | |
Other cash movements | (3,301,141) | 0 | 469,240 | |
Net cash flows used in investing activities | (199,002,101) | (173,614,379) | (155,007,390) | |
Cash flows from (used in) financing activities | ||||
Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control | (49,222,782) | (7,800,000) | (19,111,686) | |
Proceeds from long-term loans and bonds | 91,201,377 | 40,850,000 | 3,804,384 | |
Porceeds from short-term loans and bonds | 92,806,210 | 16,927,169 | 19,345,325 | |
Total proceeds from loans | 184,007,587 | 57,777,169 | 23,149,709 | |
Loan and bonds payments | (112,665,293) | (25,754,218) | (27,910,666) | |
Payments of finance lease liabilities | (1,077,462) | (1,414,228) | (1,530,851) | |
Payments of loan from related parties | 0 | (717,900) | (750,000) | |
Dividends paid | (74,825,181) | (75,128,211) | (69,819,729) | |
Other cash movements | 819,269 | 36,190 | 913,318 | |
Net cash flows used in financing activities | (52,963,862) | (53,001,198) | (95,059,905) | |
Net decrease in cash equivalents, before the effect of changes in exchange rate | 177,347,168 | 35,545,854 | (60,052,947) | |
Effects of changes in exchange rates on Cash and cash equivalents | (28,377,720) | 465,565 | 1,531,891 | |
Increase (decrease) in cash an cash equivalents | 148,969,448 | 36,011,419 | (58,521,056) | |
Cash and cash equivalents, beginning of the year | 170,044,602 | 134,033,183 | 192,554,239 | |
Cash and cash equivalents, final of the year | $ 319,014,050 | $ 170,044,602 | $ 134,033,183 | |
[1] | Corresponds to payments of commited capital made between 2016 to 2018 in Central Cervecera de Colombia S.A.S. and the acquisition in 2017 of 50% of Zona Franca Central Cervecera S.A.S. (see Note 16 – Investments accounted using equity method). Additionally, in 2016, includes the amount paid in proportion to the creation of the company Promarca Internacional SpA. (See Note 1 – General information, letter E)). |
General Information
General Information | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of general information about financial statements [Abstract] | |
Disclosure of general information about financial statements [text block] | Note 1 General Information A) Company information Compañía Cervecerías Unidas S.A. (hereinafter also “CCU”, “the Company” or “the Parent Company”) was incorporated in Chile as an open stock company, and is registered in the Securities Registry of the Comisión para el Mercado Financiero (CMF) (ex Superintendencia de Valores y Seguros or Local Superintendence of Equity Securities, (SVS)) under Nº 0007, and consequently, the Company is overseen by the CMF. The Company’s shares are traded in Chile on the Santiago Stock Exchange and Electronic Stock Exchange. The Company is also registered with the United States of America Securities and Exchange Commission (SEC) and its American Depositary Shares (ADS)’s are traded in the New York Stock Exchange (NYSE). There was an a mendment to the Deposit Agreement dated December 3, 2012, between the Company, JP Morgan Chase Bank, NA and all holders of ADRs, whereby there was a change in the ADS ratio from 5 common shares for each ADS to 2 common shares for each ADS, effective as of December 20, 2012. CCU is a diversified beverage company, with operations mainly in Chile, Argentina, Uruguay, Paraguay, Colombia and Bolivia. CCU is the largest Chilean brewery, the second largest brewery in Argentina, the second largest producer of soft drinks in Chile, the second-largest wine producer in Chile, the largest producer of bottled mineral water, nectar and sport drinks in Chile and one of the largest pisco producers in Chile. It also participates in the business of Home and Office Delivery (“HOD”), in a business involving home delivery of purified water in dispensers, and in the rum and candy industry in Chile. It participates in the industry of the ciders, spirits and wines in Argentina and also participates in the industry of mineral water and soft drinks and beer distribution in Uruguay, Paraguay, Colombia and Bolivia. Compañía Cervecerías Unidas S.A. is under the control of Inversiones y Rentas S.A. (IRSA), which is the direct and indirect owner of 60% of the Company’s shares. IRSA is currently a joint venture between Quiñenco S.A. and Heineken Chile Limitada, a company controlled by Heineken Americas B.V., each with a 50% equity participation. The Company’s address and main office is located in Santiago, Chile, at Avenida Vitacura Nº 2670, Las Condes district and its tax identification number (Rut) is 90,413,000-1. As of December 31, 2018 the Company had a total 8,797 employees detailed as follows: Number of employes Parent company Consolidated Senior Executives 10 14 Managers and Deputy Managers 79 420 Other workers 283 8,363 Total 372 8,797 These Consolidated Financial Statements include: Statement of Financial Position, Statement of Income, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows (direct method), and the Accompanying Notes with disclosures. In the accompanying Statement of Financial Position, assets and liabilities that are classified as current, are those with maturities equal to or less than twelve months, and those classified as non-current, are those with maturities greater than twelve months. In turn, in the Consolidated Statement of Income, expenses are classified by function, and the nature of depreciation and personnel expenses is identified in footnotes. The Consolidated Statement of Cash Flows is presented using the direct method. The figures in the Consolidated Statement of Financial Position and their explanatory notes are presented compared to the previous year (2017) and the Consolidated Statement of Income, Consolidated Statement of Comprehensive Income, Consolidated Statement of Changes in Equity, Consolidated Statement of Cash Flows and their explanatory notes are presented compared with 2017 and 2016. These Consolidated Financial Statements are presented in thousands of Chilean pesos (ThCh$) and have been prepared from the accounting records of Compañía Cervecerías Unidas S.A. and its subsidiaries. All amounts have been rounded to thousand Chilean pesos, except when otherwise indicated. The Company’s functional currency and presentation currency is the Chilean peso, except for some subsidiaries in Chile, Argentine, Uruguay, Paraguay and Bolivia that use the US Dollar, Argentine peso, Uruguayan Peso, Paraguayan guaraní and Bolivian, respectively. The functional currency of joint operations in Colombia and associates in Perú, are the Colombian peso and the Sol, respectively. However they use the Chilean peso as the presentation currency for consolidation purposes. Subsidiaries whose functional currency is not the Chilean peso, have converted their financial statement from their functional currency to the Group’s presentation currency, which is the Chilean peso. The following exchange rates have been used: for the Consolidated Statement of Financial Position and the Consolidated Statement of Changes in Equity, net at the year-end exchange rate, and for the Consolidated Statements of Income, Consolidated Statements of Comprehensive Income and the Consolidated Statement of Cash Flows at the transaction date exchange rate or at the average monthly exchange rate, as appropriate, with the exception of subsidiaries that operate in hyperinflationary economies (See Note 4 – Accounting changes ). B) Brands and licensing In Chile, its portfolio of brands in the beer category consists of its own CCU brands, international licensing brands and distribution of Craft brands. CCU’s own brands which correspond to national products, produced, marketed and distributed by Cervecería CCU, which include the following brands, among others, Cristal, Cristal Cero 0°, Cristal Cero Radler, Escudo, Royal Guard, Morenita, Dorada, Andes, Bavaria and Stones in its Lemon, Maracuyá and Apple varieties. The international licensing brands, of which some are produced and other are imported, marketed and distributed by Cervecería CCU, include, among others, the Tecate, Coors, Heineken and Sol brands. The Craft distribution brands, which are beer that is created and produced in their original breweries and are marketed and distributed in partnership with Cervecera CCU, Austral, Kunstmann, Szot, Guayacán, D´olbek and Blue Moon beer. In the Chile operating segment, in the non-alcoholic beverages category, CCU has the Bilz, Pap, Pop Candy, Kem, Kem Xtreme, Nobis, Cachantun, Mas, Mas Woman and Porvenir brands. In the HOD category, CCU has the Manantial brand. The Company, directly or through its subsidiaries, has licensing agreements with Pepsi, 7up, Mirinda, Gatorade, Adrenaline Red, Sobe Life Water, Lipton Ice Tea, Ocean Spray, Crush, Canada Dry Limón Soda, Canada Dry Ginger Ale, Canada Dry Agua Tónica, Nestlé Pure Life, Watt’s, Watt´s Selección and Frugo. In Chile, CCU is the exclusive distributor of the Red Bull energy drink and Perrier water. Through a joint venture it also has its own brands, Sprim and Fructus and a license for the Vivo and Caricia brands. Aditionally, in the Chile operating segment, in the pisco and cocktails categories, CCU owns the Mistral, Campanario, Horcón Quemado, Control C, Tres Erres, Espíritu de los Andes, La Serena, Iceberg, Ruta Cocktail, Cusqueño Sour, Sol de Cuba, brands, together with the respective line extensions, as applicable. In the rum category, the Company owns the Sierra Morena (and their extensions) and Cabo Viejo brands. In the liquor category, the Company has the Fehrenberg and Barsol (quebranta grapes distillate) brands and is the exclusive distributor in Chile of Pernod Ricard whisky, vodka and others liquors in the traditional channel. Finally, in the cider category, the Company owns the Cygan brand. In Argentina, CCU produces beer in its plants located in Salta, Santa Fé and Luján. Its main brands are Schneider, Imperial, Palermo, Bieckert, Santa Fé, Salta, Córdoba and it is the holder of exclusive license for the production and marketing of Miller, Heineken, Amstel and Sol. CCU also imports Kunstmann and Blue Moon brands, and exports beer to different countries, mainly under the Schneider, Heineken and Imperial brands. Until April, 2018 in Argentina, CCU was the exclusive license for the production and marketing of Budweiser beer (see letter C), under this Note) and from this date CCU owns the Isenbeck, Diosa, Iguana and Báltica brands and also incorporated, in the form of exclusive licensing agreements, in its portfolio Warsteiner and Grolsch brands. Aditionally, until December 31, 2017 in Argentina, CCU was the exclusive distributor of the Red Bull energy drink. Besides, participates in the cider business, with control of Saenz Briones, marketing the leading market brands “Sidra Real”, “La Victoria” and “1888”. Also participates in the spirits business, which it market under the El Abuelo brand, in adittion of importing other liquors from Chile, as well as also sells and distributes of Eugenio Bustos and La Celia wines belonging to the bodega Finca La Celia (subsidiary in Argentina of the Chilean subsidiary Viña San Pedro de Tarapacá S.A. (VSPT)). In Uruguay, the Company participates in the mineral water and soft drinks business with the Nativa and Nix brands, flavored waters with the Nativa brand, soft drinks with the Nix brand and nectars with Watt´s brand, in isotonic drink with the FullSport brand and energy drink with the Thor brand. In addition, it sells imported beer under the Heineken, Schneider, Imperial and Kuntsmann brands. In Paraguay, the Company participates in the non-alcoholic and alcoholic drink business. Its portfolio of non-alcoholic brands consists of Pulp, Watt's, Puro Sol, La Fuente, Zuma and the Full Power isotonic drink. These brands include its own, licensed and imported brands. The Company in the beer business is owner of Sajonia brand and imports Heineken, Schneider, Paulaner, Sol and Kunstmann, brands. In the Wine operating segment, through its subsidiary Viña San Pedro Tarapacá S.A. (“VSPT”), CCU produces wines and sparkling wines, which are sold in the domestic and overseas markets, exporting to more than 80 countries. The main brands of Viña San Pedro are Altaïr, Cabo de Hornos, Sideral, 1865, Castillo de Molina, Épica, 35 Sur, GatoNegro, Gato, Manquehuito and San Pedro Exportación. Viña Tarapacá’s brands include: Gran Reserva Etiqueta Azul, Gran Reserva Etiqueta Negra, Gran Reserva Etiqueta Blanca, Tarapacá Reserva, León de Tarapacá and Tarapacá Varietal. Viña Santa Helena’s brands portfolio includes: Selección del Directorio, Siglo de Oro, Santa Helena Varietal, Alpaca, Gran Vino and Santa Helena. Viña San Pedro Tarapacá S.A. is also present in the domestic and international markets with the Misiones de Rengo, Viña Mar, Casa Rivas and Leyda vineyards in Chile and with the Finca La Celia and Tamari vineyards in Argentina. In December 2018, Viña San Pedro de Tarapacá S.A. signed an agreement to acquire a part of the Pernod Ricard wine business in Argentina. The purchase agreement, which is subject to local regulatory approval, includes the brands of Argentine wines Graffigna, Colón and Santa Silvia, which represent approximately 1.5 million cases of 9-liter wine bottles per year. Bodegas Graffigna has a winery in the province of San Juan, two fields in the same province, and a field in Mendoza. Since November 2014, in Colombia, CCU participates in the beer business through its joint venture with Central Cervecera de Colombia S.A.S. (“CCC”). Its portfolio includes the imported Heineken brand. Its has exclusive licensing contracts for importing, distributing and producing Heineken beer in Colombia. In October 2015 Coors and Coors Light brands were incorporated to CCC’s brand portfolio through licensing contract for the production and/or marketing of those brands. As of April and July of 2016, the Tecate and Sol brands were incorporated, respectively, with a licensing contract to produce and/or market them. During April 2017 the Miller and Miller Genuine Draft (MGD) brands were incorporated with a licensing contract to produce and market them. In Bolivia, through its subsidiary Bebidas Bolivianas BBO S.A. (BBO), the Company participates in the non-alcoholic and alcoholic beverage business since May 2014. Its portfolio of non-alcoholic brands, both owned and licensed, includes the Mendocina, Free cola, Sinalco, Real and Natur-all brands. The alcoholic brands are Real, Capital and Cordillera. In addition BBO markets imported Heineken beer. The described licenses are detailed as follows: Main brands under license Licenses Validity Date Aberlour, Absolut, Ballantine's, Beefeater, Blender´s Pride, Borzoi, Chivas Reagal, Cuvee MUMM, Dubonnet, Elyx, G.H. MUMM, Havana Club, Jameson, Kahlúa, Level, Long John, Longmorn, Malibu, Martell, Olmeca, Orloff, Passport, Pernod, Perrier Jouet, Ricard, Royale Salute, Sandeman, Scapa, Strathisla, The Glenlivet, Wyborowa, 100 Pipers, in Chile (1) June 2019 Adrenaline, Adrenaline Rush (9) February 2028 Amstel in Argentina (2) July 2022 Austral in Chile (4) July 2020 Blue Moon in Chile (5) December 2021 Coors in Chile (6) December 2025 Coors in Colombia (7) December 2020 Crush, Canada Dry (Ginger Ale, Agua Tónica and Limón Soda) in Chile (8) December 2023 Frugo in Chile Indefinitely Gatorade in Chile (9) December 2043 Grolsch in Argentina (16) May 2028 Heineken in Bolivia (10) December 2024 Heineken in Chile, Argentina and Uruguay (11) 10 years renewables Heineken in Colombia (12) March 2028 Heineken in Paraguay May 2023 Miller and Miller Genuine Draft in Colombia (15) December 2026 Miller in Argentina (12) December 2026 Nestlé Pure Life in Chile (8) December 2022 Paulaner in Paraguay April 2019 Pepsi, Seven Up and Mirinda in Chile December 2043 Red Bull in Chile (13) Indefinitely Schneider in Paraguay May 2023 Sol in Chile and Argentina (11) 10 years renewables Sol in Colombia (3) March 2028 Sol in Paraguay January 2023 Té Lipton in Chile March 2020 Tecate in Colombia (3) March 2028 Warsteiner para Argentina (17) May 2028 Watt´s in Uruguay 99 years Watt's (nectars, fruit-based drinks and other) rigid packaging, except carton in Chile Indefinitely Watt's in Paraguay (14) July 2026 (1) Renewable for periods of 3 years. (2) After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given. (3) The contract will remain in effect as long as the Heineken license agreeemente for Colombia remains in force. (4) Renewable for periods of two years, subject to the compliance of the contract conditions. (5) If Renewal criteria have benn satisfied, renewable through December, 2025, thereafter shall automatically renew every year for a new term of 5 years (Rolling Contract). (6) After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 5 years, subject to the compliance of the contract conditions. (7) License renewable for one period of 5 years, subject to the compliance of the contract conditions. (8) License renewable for periods of 5 years, subject to the compliance of the contract conditions. (9) License was renewed for a period equal to the duration of the Shareholders Agreement of Bebidas CCU-PepsiCo SpA. (10) License for 10 years, automatically renewable for periods of 5 years, unless notice of non-renewal. (11) License for 10 years, automatically renewable on the same terms (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given. (12) After the initial termination date, License is automatically renewable each year for a period of 5 years (Rolling Contract), unless notice of non-renewal is given. (13) Indefinite contract, notice of termination 6 months in advance. (14) Sub-license is renewed automatically and successively for two periods of 5 years each, subject to the terms and conditions stipulated in the International Sub-license agreement of December 28, 2018 between Promarca Internacional Paraguay S.R.L. and Bebidas del Paraguay S.A. (15) Distribution will begin in April 2017 and the begin of local production is estimated by October 2019. (16) Till May, 2019, it shall be produced on behalf of CICSA by Cervecería Argentina SA Isenbeck and sold by Cervecería and Maltería Quilmes S.A. (17) Till May, 2019, it shall be produced on behalf of CICSA by Cervecería Argentina SA Isenbeck and sold by Cervecería and Maltería Quilmes S.A. Prior to the expirty of its term, Parties shall negociate its continuity for five (5) more years. C) Early termination Budweiser license The general aspects of the transaction are described below: a) Description of the Transaction. According to the Material Event reported on September 6, 2017, the CMF was informed that CCU and Compañía Cervecerías Unidas Argentina S.A. (CCU-A), entity organized under the laws of the Republic of Argentina and a subsidiary of CCU, have agreed with Anheuser-Busch InBev S.A./N.V. (ABI and together with CCU-A the "Parties"), an offer letter ("Term Sheet") which, among other matters, contemplates the early termination of license agreement in Argentina for the brand "Budweiser", signed between CCU-A and Anheuser-Busch, Incorporated (today Anheuser-Busch LLC, a subsidiary of ABI) dated March 26, 2008 (the "License Agreement"). As agreed to in the Early Termination of the License Agreement (the “Transaction”), ABI directly or its subsidiaries (hereinafter together referred to as the “ABI Group”), pays to CCU-A the amount of US$ 306,000,000. The Transaction also includes the transfer from ABI to CCU-A of: (a) ownership of the brands Isenbeck and Diosa. This does not include the production plant owned by Cervecería Argentina S.A. Isenbeck (CASA Isenbeck) located in Zárate, province of Buenos Aires, Argentina (which will continue to operate under the ownership of ABI Group), nor the contracts with its employees and/or distributors, nor the transfer of any liabilities of CASA Isenbeck; (b) the ownership of the following registered brands in Argentina: Norte, Iguana and Báltica; and (c) the obligation of ABI to make its reasonable best efforts to cause that certain international premium beer brands are licensed to CCU-A (together with the brands identified in letter (b) above and with the brand Diosa referred to as the "Group of Brands") in Argentine territory. In order to establish a smooth transition of the brands that are transferred by virtue of the Transaction, the Parties will enter into the following contracts (all together with the Early Termination referred to as the “Transaction”): I. Contract by virtue of which CCU-A will produce for the ABI Group part or all of the volume of the beer Budweiser, for a period of up to one year; II. Contract by virtue of which the ABI Group will produce for CCU-A part or all of the volume of the beer Isenbeck and Diosa for a period of up to one year; III. Contract by virtue of which the ABI Group will produce and distribute the Group of Brands, on behalf of CCU-A, for a period of maximum three years; and IV. Other agreements, documents and/or contracts that the Parties deem necessary for the Transaction (the “Transaction Documents”). In summary, this agreement with ABI consists of the early termination of the license agreement of the Budweiser brand in exchange for a portfolio of brands representing similar volumes, plus different payments of up to US$ 400,000,000 before taxes, over a period of up to three years. b) Status of the Transaction: On March 14, 2018, CCU reported as a Material Event that CCU-A had been notified of the resolution of the Secretario de Comercio del Ministerio de Producción de la Argentina (SECOM), which, based on the favorable opinion of the Comisión Nacional de Defensa de la Competencia (CNDC), approved the Transaction. The resolution established that the Parties must submit to the CNDC, for review and approval, drafts of contracts that contained all of the terms and conditions of the Transaction (the "Contracts"). On March 16, 2018, the Parties filed the Contracts with the CNDC. On April 27, 2018, CCU-A was notified of the resolution of the CNDC that approved the Contracts, thus fulfilling the condition established in the Term Sheet, becoming binding and therefore, the parties were legally obliged to close the Transaction. The signature of the respective contracts took place on May 2, 2018. As a consequence of the closing of the Transaction: b.1) CCU-A early terminated the license agreement with ABI in Argentina for the brand “Budweiser”. b.2) CCU-A received a payment from ABI of US$ 306,000,000, equivalents to ThCh$ 185,648,399 before taxes (See Note 30 – Other income by function ). b.3) ABI transferred to CCU-A (i) the ownership of the Isenbeck and Diosa brands and certain assets related to said brands (not including the production plant owned by Cervecería Argentina S.A. Isenbeck, nor the contracts with its employees and/or distributors, nor the transfer of any liabilities of said entity); and (ii) ownership of the following registered trademarks in Argentina: Norte, Iguana and Báltica. The five brands mentioned above were valued at US$ 44,044,000, equivalents to ThCh$ 26,721,236 (See Note 17 – Intangible assets other than goodwill and Note 30 – Other income by function ). As of December 31, 2018, the net effect of the aforementioned compensations generated in the consolidated results of Compañía Cervecerías Unidas S.A. and subsidiaries a Net income attributable to the equity holders of the parent of ThCh$ 157,358,973, shown in (See Note 6 – Financial information as per operating segments ). b.4) CCU-A was granted the licenses of the Warsteiner and Grolsch brands for the Argentine territory (these brands, together with Isenbeck, Diosa, Norte, Iguana and Báltica, the “Brands”); b.5) CCU-A received an ABI payment of US$ 10,000,000, equivalents to ThCh$ 6,109,800, before taxes, for the production of Budweiser of one year, which will be reflected in results under Other income by function as performance obligations are met, of which as of December 31, 2018 have been recognized in Other income by function US$ 6,451,629, equivalents to ThCh$ 4,840,167; and b.6) CCU-A will receive from ABI annual payments of up to US$ 28,000,000, equivalents to ThCh$ 17,107,440, before taxes, for a period of up to three years, depending on the volume and the timing of the transition to CCU-A of the production and/or commercialization of the Brands, which will be reflected in the results, under Net sales, Cost of sales and MSD&A, as the performance obligations are met, of which as of December 31, 2018 have been recognized in results an amount of US$ 19.802.868 , equivalents to ThCh$ 14,251,811. This transaction did not result in impairment of the productive assets of the Company. D) Direct and indirect significant subsidiaries The consolidated financial statements include the following direct and indirect subsidiaries where the percentage of participation represents the economic interest at a consolidated level: Share percentage direct and indirect Subsidiary Tax ID Country of origin Functional currency As of December 31, 2018 As of December 31, 2017 Direct % Indirect % Total % Total % Aguas CCU-Nestlé Chile S.A. 76,007,212-5 Chile Chilean Pesos - 50.0917 50.0917 50.0917 Cervecera Guayacán SpA. (***) (13) 76,035,409-0 Chile Chilean Pesos - 25.0006 25.0006 - CRECCU S.A. 76,041,227-9 Chile Chilean Pesos 99.9602 0.0398 100.0000 100.0000 Cervecería Belga de la Patagonia S.A. (***) 76,077,848-6 Chile Chilean Pesos - 25.5034 25.5034 25.5034 Inversiones Invex CCU Dos Ltda. 76,126,311-0 Chile Chilean Pesos 99.8516 0.1484 100.0000 100.0000 Inversiones Invex CCU Tres Ltda. (8) 76,248,389-0 Chile Chilean Pesos 99.9999 0.0001 100.0000 100.0000 Bebidas CCU-PepsiCo SpA. (***) 76,337,371-1 Chile Chilean Pesos - 49.9888 49.9888 49.9866 CCU Inversiones II Ltda. (16) 76,349,531-0 Chile US Dollar 99.7133 0.2867 100.0000 99.9999 Bebidas Carozzi CCU SpA. (***) 76,497,609-6 Chile Chilean Pesos - 49.9917 49.9917 49.9917 Bebidas Ecusa SpA. 76,517,798-7 Chile Chilean Pesos - 99.9834 99.9834 99.9834 Promarca Internacional SpA. (***) 76,574,762-7 Chile US Dollar - 49.9917 49.9917 49.9917 CCU Inversiones S.A. (10) 76,593,550-4 Chile Chilean Pesos 99.0242 0.7533 99.7775 99.9733 Inversiones Internacionales SpA. 76,688,727-9 Chile US Dollar - 80.0000 80.0000 80.0000 New Ecusa S.A. 76,718,230-9 Chile Chilean Pesos - 99.9834 99.9834 99.9834 Promarca S.A. (***) 76,736,010-K Chile Chilean Pesos - 49.9917 49.9917 49.9917 CCU Inversiones III SpA. (14) 76,933,685-0 Chile US Dollar - 99.9950 99.9950 - Vending y Servicios CCU Ltda. 77,736,670-K Chile Chilean Pesos - 99.9779 99.9779 99.9738 Inversiones Invex CCU Ltda. 78,418,890-6 Chile US Dollar 6.7979 93.1941 99.9920 99.9905 Transportes CCU Ltda. 79,862,750-3 Chile Chilean Pesos 98.0000 2.0000 100.0000 100.0000 Fábrica de Envases Plásticos S.A. 86,150,200-7 Chile Chilean Pesos 90.9100 9.0866 99.9966 99.9966 Millahue S.A. 91,022,000-4 Chile Chilean Pesos 99.9621 - 99.9621 99.9621 Viña San Pedro Tarapacá S.A. (*) (10) 91,041,000-8 Chile Chilean Pesos - 82.9870 82.9870 67.1992 Manantial S.A. (2) 96,711,590-8 Chile Chilean Pesos - 50.5507 50.5507 50.5507 Viña Altaïr SpA. (6) 96,969,180-9 Chile Chilean Pesos - 82.9870 82.9870 67.1992 Cervecería Kunstmann S.A. 96,981,310-6 Chile Chilean Pesos 50.0007 - 50.0007 50.0007 Cervecera CCU Chile Ltda. 96,989,120-4 Chile Chilean Pesos 99.7500 0.2499 99.9999 99.9999 Embotelladoras Chilenas Unidas S.A. 99,501,760-1 Chile Chilean Pesos 99.0670 0.9164 99.9834 99.9834 Viña Valles de Chile S.A. 99,531,920-9 Chile Chilean Pesos - 82.9870 82.9870 67.1992 Comercial CCU S.A. 99,554,560-8 Chile Chilean Pesos 50.0000 49.9888 99.9888 99.9866 Viña Orgánica SPT S.A. (11) 99,568,350-4 Chile Chilean Pesos - - - 67.1992 Compañía Pisquera de Chile S.A. 99,586,280-8 Chile Chilean Pesos 46.0000 34.0000 80.0000 80.0000 Andina de Desarrollo SACFAIMM 0-E Argentina Argentine Pesos - 59.1971 59.1971 59.1970 Cía. Cervecerías Unidas Argentina S.A. (9) 0-E Argentina Argentine Pesos - 99.9936 99.9936 99.9924 Compañía Industrial Cervecera S.A. (1) 0-E Argentina Argentine Pesos - 99.9950 99.9950 99.9949 Finca Eugenio Bustos S.A. (4) 0-E Argentina Argentine Pesos - - - 67.1992 Finca La Celia S.A. 0-E Argentina Argentine Pesos - 82.9870 82.9870 67.1992 Los Huemules S.R.L. 0-E Argentina Argentine Pesos - 74.9979 74.9979 74.9979 Sáenz Briones y Cía. S.A.I.C. 0-E Argentina Argentine Pesos - 89.9150 89.9150 89.9150 Bebidas Bolivianas BBO S.A. (12) 0-E Bolivia Bolivians - 51.0000 51.0000 - International Spirits Investments USA LLC (7) 0-E United States US Dollar - 80.0000 80.0000 80.0000 Inversiones CCU Lux S.à r.l. (15) 0-E Luxemburgo US Dollar - 99.9999 99.9999 - Southern Breweries C.S.C. (3) 0-E Luxemburgo US Dollar 37.7810 62.2141 99.9951 99.9942 Bebidas del Paraguay S.A. (5) (**) 0-E Paraguay Paraguayan Guaranies - 50.0049 50.0049 50.0049 Distribuidora del Paraguay S.A. (**) 0-E Paraguay Paraguayan Guaranies - 49.9589 49.9589 49.9589 Sajonia Brewing Company S.R.L. (5) (***) 0-E Paraguay Paraguayan Guaranies - 25.5025 25.5025 25.5025 Andrimar S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 Coralina S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 Marzurel S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 Milotur S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 (*) Listed company in Chile. (**) See Note 1 – General Information, letter E) , Subsidiaries with direct or indirect participation of less than 50% (***) Subsidiaries in which we have an interest of more or equal than 50% through one or more subsidiaries of the Company. In addition to what is shown in the preceding table, the following are the percentages of participation with voting rights, in each of the subsidiaries. Each shareholder has one vote per share owned or represented. The percentage of participation with voting rights represents the sum of the direct participation and indirect participation through a subsidiary. Share percentage with voting rights Subsidiary Tax ID Country of origin Functional currency As of December 31, 2018 As of December 31, 2017 % % Aguas CCU-Nestlé Chile S.A. 76,007,212-5 Chile Chilean Pesos 50.0917 50.0917 Cervecera Guayacán SpA. (***) (13) 76,035,409-0 Chile Chilean Pesos 25.0006 - CRECCU S.A. 76,041,227-9 Chile Chilean Pesos 100.0000 100.0000 Cervecería Belga de la Patagonia S.A. (***) 76,077,848-6 Chile Chilean Pesos 25.5034 25.5034 Inversiones Invex CCU Dos Ltda. 76,126,311-0 Chile Chilean Pesos 100.0000 100.0000 Inversiones Invex CCU Tres Ltda. (8) 76,248,389-0 Chile Chilean Pesos 100.0000 100.0000 Bebidas CCU-PepsiCo SpA. (***) 76,337,371-1 Chile Chilean Pesos 49.9888 49.9866 CCU Inversiones II Ltda. (16) 76,349,531-0 Chile US Dollar 100.0000 100.0000 Bebidas Carozzi CCU SpA. (***) 76,497,609-6 Chile Chilean Pesos 49.9917 49.9917 Bebidas Ecusa SpA. 76,517,798-7 Chile Chilean Pesos 99.9834 99.9834 Promarca Internacional SpA. (***) 76,574,762-7 Chile US Dollar 49.9917 49.9917 CCU Inversiones S.A. (10) 76,593,550-4 Chile Chilean Pesos 99.7775 99.9733 Inversiones Internacionales SpA. 76,688,727-9 Chile US Dollar 80.0000 80.0000 New Ecusa S.A. 76,718,230-9 Chile Chilean Pesos 99.9834 99.9834 Promarca S.A. (***) 76,736,010-K Chile Chilean Pesos 49.9917 49.9917 CCU Inversiones III SpA. (14) 76,933,685-0 Chile US Dollar 100.0000 - Vending y Servicios CCU Ltda. 77,736,670-K Chile Chilean Pesos 99.9779 99.9738 Inversiones Invex CCU Ltda. 78,418,890-6 Chile US Dollar 99.9920 99.9905 Transportes CCU Ltda. 79,862,750-3 Chile Chilean Pesos 100.0000 100.0000 Fábrica de Envases Plásticos S.A. 86,150,200-7 Chile Chilean Pesos 100.0000 100.0000 Millahue S.A. 91,022,000-4 Chile Chilean Pesos 99.9621 99.9621 Viña San Pedro Tarapacá S.A. (*) (10) 91,041,000-8 Chile Chilean Pesos 82.9870 67.1992 Manantial S.A. (2) 96,711,590-8 Chile Chilean Pesos 50.5507 50.5507 Viña Altaïr SpA. (6) 96,969,180-9 Chile Chilean Pesos 82.9870 67.1992 Cervecería Kunstmann S.A. 96,981,310-6 Chile Chilean Pesos 50.0007 50.0007 Cervecera CCU Chile Ltda. 96,989,120-4 Chile Chilean Pesos 100.0000 100.0000 Embotelladoras Chilenas Unidas S.A. 99,501,760-1 Chile Chilean Pesos 99.9834 99.9834 Viña Valles de Chile S.A. 99,531,920-9 Chile Chilean Pesos 82.9870 67.1992 Comercial CCU S.A. 99,554,560-8 Chile Chilean Pesos 100.0000 100.0000 Viña Orgánica SPT S.A. (11) 99,568,350-4 Chile Chilean Pesos - 67.1992 Compañía Pisquera de Chile S.A. 99,586,280-8 Chile Chilean Pesos 80.0000 80.0000 Andina de Desarrollo SACFAIMM 0-E Argentina Argentine Pesos 100.0000 100.0000 Cía. Cervecerías Unidas Argentina S.A. (9) 0-E Argentina Argentine Pesos 100.0000 100.0000 Compañía Industrial Cervecera S.A. (1) 0-E Argentina Argentine Pesos 100.0000 100.0000 Finca Eugenio Bustos S.A. (4) 0-E Argentina Argentine Pesos - 67.1992 Finca La Celia S.A. 0-E Argentina Argentine Pesos 82.9870 67.1992 Los Huemules S.R.L. 0-E Argentina Argentine Pesos 74.9979 74.9979 Sáenz Briones y Cía. S.A.I.C. 0-E Argentina Argentine Pesos 100.0000 100.0000 Bebidas Bolivianas BBO S.A. (12) 0-E Bolivia Bolivians 51.0000 - International Spirits Investments USA LLC (7) 0-E United States US Dollar 80.0000 80.0000 Inversiones CCU Lux S.à r.l. (15) 0-E Luxemburgo US Dollar 99.9999 - Southern Breweries C.S.C. (3) 0-E Luxemburgo US Dollar 100.0000 100.0000 Bebidas del Paraguay S.A. (5) (**) 0-E Paraguay Paraguayan Guaranies 50.0049 50.0049 Distribuidora del Paraguay S.A. (**) 0-E Paraguay Paraguayan Guaranies 49.9589 49.9589 Sajonia Brewing Company S.R.L. (5) (***) 0-E Paraguay Paraguayan Guaranies 25.5025 25.5025 Andrimar S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 Coralina S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 Marzurel S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 Milotur S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 (*) Listed company in Chile. (**) See Note 1 – General Information, letter E) , Subsidiaries with direct or indirect participation of less than 50% (***) Subsidiaries in which we have an interest of more or equal than 50% through one or more subsidiaries of the Company. The main movements in the ownership of the subsidiaries included in these consolidated financial statements are the following: (1) Compañía Industrial Cervecera S.A. On January 7, 2016, subsidiary Compañía Industrial Cervecera S.A. (CICSA), acquired 50.99% of the stock rights of Los Huemules S.R.L (LH). As a consequence of the above mentioned the shareholders of Los Huemules S.R.L. are Cervecería Kunstmann S.A. (CK) and CICSA with 49.01% and 50.99%, respectively. The final amount of this transaction was ThCh$ 118,092 . Subsequently, on March 16, 2017, the stock rights of Los Huemules S.R.L. were |
Summary of significant accounti
Summary of significant accounting policies | 12 Months Ended |
Dec. 31, 2018 | |
Summary Of Significant Accounting Policies [Abstract] | |
Disclosure of significant accounting policies [text block] | Note 2 Summary of significant accounting policies Significant accounting policies adopted for the preparation of these consolidated financial statements are described below: 2.1 Basis of preparation The accompanying consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), issued by the International Accounting Standard Board (IASB), which have been applied consistently in the years presented. Except for the standards included in Note 4 - Accounting Changes , which explains the treatment that was applied for each of them. The consolidated financial statements have been prepared on a historical basis, as modified by the subsequent valuation of financial assets and financial liabilities (including derivative instruments) at fair value. The preparation of the Consolidated Financial Statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires that management uses its professional judgment in the process of applying the Company’s accounting policies. See Note 3 - Estimates and application of professional judgment for disclosure of significant accounting estimates and judgments. All IFRS standards, amendments and enhancements whose adoption was required by January 1, 2018, have been adopted by the Company, without significant impacts on the financial statements as of December 31, 2018, including what is mentioned in Note 4 – Accounting changes for IFRS 9 and IFRS 15. At the date of issuance of these consolidated financial statements the following Standards, Amendments, Improvements and Interpretations to existing IFRS standards have been published to existing standards that have not taken effect and that the Company has not adopted in advance. These standards are required to be applied by the following dates: Next Standard Improvements and Amendments Mandatory for years beginning in: Amendments to IAS 12 Income taxes. January, 1, 2019 Amendments to IAS 19 Employees benefits. January, 1, 2019 Amendments to IAS 23 Borrowing costs. January, 1, 2019 Amendments to IAS 28 Investment in Associates and Joint Ventures. January, 1, 2019 Amendments to IAS 1 and IAS 8 Presentation of Financial Statements and Accounting Policies, Changes in Accounting Estimates and Errors. January, 1, 2020 Amendments to IFRS 3 Business combination. January, 1, 2019 Amendments to IFRS 9 Financial Instruments. January, 1, 2019 Amendments to IFRS 11 Joint arrangements. January, 1, 2019 Amendments to IFRS 3 Definition of a Business. January, 1, 2020 IFRS 16 Leases. January, 1, 2019 IFRS 17 Insurance Contracts. January, 1, 2021 IFRIC 23 Uncertainty over Income Tax Treatments. January, 1, 2019 The Company estimates the adoption of these new Standards, Improvements, Amendments and Interpretations mentioned in the table above will not have a material impact on the Consolidated Financial Statements upon initial application, except by the application of IFRS 16, Standards for which the Company has performed the following analysis: Nature of the change: - The Company at the date of issuance of these Consolidated Financial Statements have not apply of standard IFRS 16, this standard will apply the annual period since January 1, 2019, date from its mandatory adoption. - This standard requires that the lease contracts currently classified as operational, with maturities greater than 12 months, have an accounting treatment similar to financial leases. In general terms, this means that an asset must be recognized for the right-to-use the assets subject to operational lease contracts and a liability, equivalent to the present value of the payments associated with the contract. As for the effects on the result, the monthly lease payments will be replaced by the depreciation of the asset and the recognition of a financial expense. If the case of the lease modifications such as lease value, term, index of readjustment, associated interest rate, etc., the lessee will recognize the amount of the new measurement of the lease liability as an adjustment to the asset for the right-to-use. - The only exceptions are short-term and low-value leases in accordance with the IFRS 16. Evaluation methodology: - The Company has carried out a survey of lease agreements in accordance with the guidelines provided by IFRS 16. - The information has been standardized according to the main characteristics of each contract, such as: description, contract payment flows, start and end date of the contract, term, renewal method, currency, readjustability index, among others. - The current value of the obligations has been determined based on the payment flow of each of the contracts, discounting these at the implicit rate associated with them and in the case of not having it, at the average indebtedness rate that the Company would obtain by requesting financing from banking institutions of each economic environment in which the Company operates. Impacts: For lease commitments whose analysis is within the scope of IFRS 16, the Company estimates to recognize assets for right of use and an lease liability for an amount of approximately ThCh$ 22,627, 871 as of January 1, 2019. Adoption of IFRS16 The Company will apply the simplified transition approach and will not restate the comparative amounts for the year 2018. 2.2 Basis of consolidation Subsidiaries Subsidiaries are entities over which the Company has power to direct their financial and operating policies, which generally is the result of ownership of more than half of the voting rights. Subsidiaries are consolidated from the date on which control was obtained by the Company, and are excluded from consolidation as of the date the Company loses such control. T he acquisition method is used for the accounting of acquisition of subsidiaries. The acquisition cost is the fair value of the assets delivered, of the equity instruments issued and of the liabilities incurred or assumed as of the exchange date. The identifiable assets acquired, as well as the identifiable liabilities and contingencies assumed in a business combination are initially valued at their fair value on the acquisition date, regardless the scope of minority interests. Goodwill is initially measured as the excess of the aggregate of the consideration transferred and the fair value of non-controlling interest over the net identifiable assets acquired and liabilities assumed. If this consideration is lower than the fair value of the net assets of the subsidiary acquired, the difference is recognized as income. Joint operations As explained in Note 1- General information , for the joint arrangements that qualify as joint operations, the Company recognizes its share of the assets, liabilities and income in respect to its interest in the joint operations in accordance with IFRS 11. Intercompany transaction Intercompany transactions, balances and unrealized gains from transactions between the Company’s entities are eliminated in consolidation. Unrealized losses are also eliminated, unless the transaction provides evidence of an impairment of the asset transferred. Whenever necessary, the accounting policies of subsidiaries are amended to ensure uniformity with the policies adopted by the Company. Non-controlling Interest Non-controlling interest is presented in the Equity section of the Consolidated Stament of Financial Position. The net income attributable to equity holder of the parent and non-controlling interest are each disclosed separately in the Consolidated Statement of Income after net income. Investments accounted for using the equity method Joint ventures and associates The Company maintains investments in joint arrangements that qualify as joint ventures, which correspond to a contractual agreement by which two or more parties carry out an economic activity that is subject to joint control, and normally involves the establishment of a separate entity in which each party has a share based on a shareholders’ agreement. In addition, the Company maintains investments in associates which are defined as entities in which the investor does not have significant influence and are not a subsidiary or a joint venture. The Company accounts for its participation in joint arrangements that qualify as joint ventures and in associates using the equity method. The financial statements of the joint venture are prepared for the same year, under accounting policies consistent with those of the Company. Adjustments are made to agree any difference in accounting policies that may exist with the Company’s accounting policies. Whenever the Company contributes or sells assets to companies under joint control or associates, any income or loss arising from the transaction is recognized based on how the asset is realized. When the Company purchases assets from those companies, it does not recognize its share in the income or loss of the joint venture in respect to such transaction until the asset is sold or realized. 2.3 Financial information as per operating segments The Company has defined three operating segments which are essentially defined with respect to its revenues in the geographic areas of commercial activity: 1.- Chile, 2.- International business and 3.- Wine. These operating segments mentioned are consistent with the way the Company is managed and how results will be reported by CCU. These segments reflect separate operating results which are regularly reviewed by chief operating decision maker in order to make decisions about the resources to be allocated to the segment and assess its performance (See Note 6 - Financial information as per operating segment ). The segments performance is measured according to several indicators, of which OR (Adjust Operating Result), OR before Exceptional Items (EI), ORBDA (Adjust Operating Result Before Depreciation and Amortization), ORBDA before EI, ORBDA margin (ORBDA’s % of total revenues for the operating segment), the volumes and Net sales. Sales between segments are conducted using terms and conditions at current market rates. The Company defined the Adjusted Operating Result as the Net incomes (losses) before Other gains (losses), Net financial cost, Equity and income from joint ventures and associates, Foreign currency exchange differences, Results as per adjustment units and Income tax, and the ORBDA, for the Company purposes, is defined as Adjusted Operating Result before Depreciation and Amortization. MSD&A, included Marketing, Selling, Distribution and Administrative expenses. Corporate revenues and expenses are presented separately within the other. 2.4 Foreign currency and sdjustment unit s Presentation and functional currency The Company uses the Chilean peso (Ch$ or CLP) as its functional currency and for the presentation of its financial statements. The functional currency has been determined considering the economic environment in which the Company carries out its operations and the currency in which the main cash flows are generated. The functional currency of the Argentinian, Uruguayan and Paraguayan subsidiaries is the Argentine Peso, Uruguayan Peso, Paraguayan Guarani and Bolivian, respectively. The functional currency of the joint venture in Colombia is the Colombian Peso. Transactions and balances Transactions in foreign currencies and adjustment units (“Unidad de Fomento” or “UF”) are initially recorded at the exchange rate of the corresponding currency or adjustment unit as of the date on which the transaction occurs. The Unidad de Fomento (UF) is a Chilean inflation-indexed peso-denominated monetary unit. The UF rate is set daily in advance based on changes in the previous month’s inflation rate. At the close of each Consolidated Statement of Financial Position, the monetary assets and liabilities denominated in foreign currencies and adjustment units are translated into Chilean pesos at the exchange rate of the corresponding currency or adjustment unit. The exchange difference arising, both from the liquidation of foreign currency transactions, as well as from the valuation of foreign currency monetary assets and liabilities, is included in statement of income, in Foreign currency exchange differences, while the difference arising from the changes in adjustment units are recorded in the statement of income as Result as per adjustment units. For consolidation purposes, the assets and liabilities of the subsidiaries whose functional currency is different from the Chilean peso and not operating in countries whose economy is considered hyperinflationary, are translated into Chilean pesos using the exchange rates prevailing at the date of the Consolidated Financial Statements while exchange differences originated by the conversion of assets and liabilities, are recorded under Reserve of exchange differences on translation within Other equity reserves. Incomes, costs and expenses are translated at the average monthly exchange rate for the respective fiscal years. These exchange rates have not suffered significant fluctuations during these months. The results and financial situation in CCU Group's entities, which have a functional currency different from the presentation currency, being their functional currency the currency of a hyperinflationary economy (as the case of subsidiaries in Argentina as from 1 July 2018 as described in Note 4 – Accounting changes ) , are converted into the presentation currency as established in IAS 21 and IAS 29. The comparative figures, as the Group's presentation currency is the currency of a non-hyperinflationary economy, are not changed with respect to those that were presented as current amounts of year in question, within the Financial Statements of the preceding period, that is, these amounts are not adjusted for subsequent changes that have occurred in the price level or exchange rates. The exchange rates of the primary foreign currencies, adjustment units and index used in the preparation of the consolidated financial statements are detailed as follows: As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 Chilean Pesos as per unit of foreign currency or adjustable unit Ch$ Ch$ Ch$ Foreign currencies US Dollar USD 694.77 614.75 669.47 Euro EUR 794.75 739.15 705.60 Argentine Peso ARS 18.43 32.96 42.13 Uruguayan Peso UYU 21.44 21.34 22.82 Canadian Dollar CAD 509.62 491.05 498.38 Sterling Pound GBP 882.36 832.09 826.10 Paraguayan Guarani PYG 0.12 0.11 0.12 Bolivians BOB 101.28 89.61 97.59 Colombian Peso COP 0.21 0.21 0.22 Adjustment units Unidad de fomento (*) UF 27,565.79 26,798.14 26,347.98 Unidad de indexada (**) UI 86.19 79.62 80.15 (*) The Unidad de Fomento (UF) is a Chilean inflation-indexed, Chilean peso-denominated monetary unit. The UF rate is set daily in advance based on changes in the previous month´s inflation rate. (**) The Unidad Indexada (UI) is a Uruguay inflation-indexed, Uruguayan peso-denominated monetary unit. The UI rate is set daily in advance based on changes in the previous month´s inflation rate. Index used in hyperinflationary economies As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 Argentina Consumer Price Index 183.13 124.80 100.00 Index percentage variation of Argentina Consumer Price Index 47.5 % 24.8 % - 2.5 Cash and cash equivalents Cash and cash equivalents includes available cash, bank balances, time deposits at financial entities, investments in mutual funds and financial instruments acquired under resale agreements, as well as highly liquid short-term investments, all at a fixed interest rate, normally with original maturity of up to three months. 2.6 Other financial assets Other financial assets include money market securities, derivative contracts and time deposits at financial entities maturing in more than 90 days. 2.7 Financial instruments IFRS 9 – Financial instruments, replaces the IAS 39 – Financial instruments, for the annual periods beginning on January 1, 2018 and which brings together three aspects of accounting and which are: classification and measurement; impairment and hedge accounting. Financial assets The Company recognizes a financial asset in its Consolidated Statement of Financial Position as follows: As of the date of initial recognition, management classifies its financial assets: (i) at fair value through profit and loss (ii) Trade and other current receivables and (iii) hedging derivatives. The classification depends on the purpose for which the financial assets were acquired. For instruments not classified at fair value through Income, any cost attributable to the transaction is recognized as part of the asset’s value. The fair value of instruments that are actively traded in formal markets is determined by the traded price on the financial statement closing date. For investments without an active market, fair value is determined using valuation techniques including (i) the use of recent market transactions, (ii) references to the current market value of another financial instrument of similar characteristics, (iii) discounted cash flows and (iv) other valuation models. After initial recognition, the Company values the financial assets as described below: Trade and other current receivables Trade receivable credits or accounts are recognized according to their invoice value. The Company purchases credit insurance covering approximately 90% and 99% of individually significant accounts receivable balances for the domestic market and the international market, of total trade receivable, respectively, net of a 10% deductible. An impairment of accounts receivable balances is recorded when there is an objective evidence that the Company not will be capable to collect amounts according to the original terms. Some indicators that an account receivable has impairment are the financial problems, initiation of a bankruptcy, financial restructuring and age of the balances of our customers. Estimated losses from bad debts is measured in an amount equal to the "expectations of credit losses", using the simplified approach established in IFRS 9 and in order to determine whether or not there is impairment from portfolio, a risk analysis is carried out according to the historical experience (three years) on the uncollectability, which is adjusted according to macroeconomic variables, in order to obtain sufficient prospective information for the estimation and considering other factors of aging until reaching 100% of the balance in most of the debts older than 180 days, with the exception of those cases that in accordance with current policies, losses are estimated due to partial deterioration based on a case by case analysis. Additionally, the company maintains credit insurance for individually significant accounts receivable. Impairment losses are recorded in the Consolidated Statemet of Income in the period incurred. Current trade receivable credits and accounts are initially recognized at their nominal value and are not discounted because they do not differ significantly from their fair value. The Company has determined that the calculation of the amortized cost is not materially different from the invoiced amount because the transactions do not have significant associated costs. Financial liabilities The Company recognizes a financial liability in its Consolidated Statement of Financial Position as follows: Interest-bearing loans and financial obligations Interest-bearing loans and financial obligations are initially recognized at the fair value of the resources obtained, less incurred costs that are directly attributable to the transaction. After initial recognition, interest-bearing loans and obligations are measured at amortized cost. The difference between the net amount received and the value to be paid is recognized in the Consolidated Statement of Income over the term of the loan, using the effective interest rate method. Interest paid and accrued related to loans and obligations used to finance its operations are presented under finance costs. Interest-bearing loans and obligations maturing within twelve months are classified as current liabilities, unless the Company has the unconditional right to defer payment of the obligation for at least a twelve months after the closing date of the Consolidated Financial Statement. Trade and other payables Trade and other payables are initially recognized at nominal value because they do not differ significantly from their fair value. The Company has determined that no significant differences exist between the carrying value and amortized cost using the effective interest rate method. Derivative Instruments All derivative financial instruments are initially recognized at fair value as of the date of the derivative contract and subsequently re-measured at their fair value. Gains and losses resulting from fair value measurement are recorded in the Consolidated Statement of Income as gains or losses due to fair value of financial instruments, unless the derivative instrument is designated as a hedging instrument. Financial Instruments at fair value through profit and loss include financial assets classified as held for trading and financial assets which have been designated as such by the Company. Financial assets are classified as held for trading when acquired for the purpose of selling them in the short term. The fair value of derivative financial instruments that do not qualify for hedge accounting is immediately recognized in the consolidated statement of income under Other gains (losses). The fair value of these derivatives is recorded under Other financial assets and Other financial liabilities. Derivative instruments classified as hedges are accounted for as cash flow hedges. In order to classify a derivative as a hedging instrument for accounting purposes, the Company documents (i) as of the transaction date or at designation time, the relationship or correlation between the hedging instrument and the hedged item, as well as the risk management purposes and strategies, (ii) the assessment, both at designation date as well as on a continuing basis, whether the derivative instrument used in the hedging is highly transaction effective to offset changes in inception cash flows of the hedged item. A hedge is considered effective when changes in the cash flows of the underlying directly attributable to the risk hedged are offset with the changes in fair value, or in the cash flows of the hedging instrument with effectiveness between 80% to 125%. See Note 4 - Accounting changes . The total fair value of a hedging derivative is classified as assets or financial liabilities in Other non-current if the maturity of the hedged item is more than 12 months and as other assets or current liabilities if the remaining maturity of the hedged item is less than 12 months. The ineffective portion of these instruments can be viewed in Other gains (losses) of the Consolidated Statements of Income. The effective portion of the change in the fair value of derivative instruments that are designated and qualified as cash flow hedges are initially recognized in Cash Flow Hedge Reserve in a separate component of Equity. The income or loss related to the ineffective portion is immediately recognized in the Consolidated Statement of Income. The amounts accumulated in Equity are reclassified in Income during the same period in which the corresponding hedged item is reflected in the Consolidated Statement of Income. When a cash flow hedge ceases to comply with the hedge accounting criteria, any accumulated income or loss existing in Equity remains in Equity and is recognized when the expected transaction is finally recognized in the Consolidated Statement of Income. When it is estimated that an expected transaction will not occur, the accumulated gain or loss recorded in Equity is immediately recognized in the Consolidated Statement of Income. Derivative instruments are classified as held for trading unless they are classified as hedge instruments. Deposits for returns of bottles and containers Deposits for returns of bottles and containers corresponds to the liabilities registered by the guarantees of money received from customers for bottles and containers placed at their disposal and represents the value that will be returned to the customer when it returns the bottles to the Company in good condition along with the original invoice. This value is determined by the estimation of the bottles and containers in circulation that are expected to be returned to the Company in the course of time based on the historic experience, physical counts held by clients and independent studies over the quantities that are in the hands of end consumers, valued at the average weighted guarantees for each type of bottles and containers. The Company does not intend to make significant repayment of these deposits within the next 12 months. Such amounts are classified within current liabilities, under the line Other financial liabilities, since the Company does not have the legal ability to defer this payment for a period exceeding 12 months. This liability is not discounted, since it is considered a payable on demand, with the original invoice and the return of the respective bottles and containers and it does not have adjustability or interest clauses of any kind in its origin. 2.8 Financial asset impairment As of each financial statement date the Company assesses whether a financial asset or group of financial assets is impaired. The Company assesses impairment of accounts receivable collectively by grouping the financial assets according to similar risk characteristics, which indicate the debtor’s capacity to comply with their obligations under the agreed upon conditions. When there is objective evidence that a loss due to impairment has been incurred in the accounts receivable, the loss amount is recognized in the Consolidated Statement of Income, as Administrative expenses. If the impairment loss amount decreases during subsequent periods and such decrease can be objectively related to an event occurred after recognition of the impairment, the previously recognized impairment loss is reversed. Any subsequent impairment reversal is recognized in Income provided that the carrying amount of the asset does not exceed its value as of the date the impairment was recognized. 2.9 Inventories Inventories are stated at the lower of cost acquisition or production cost and net realizable value. The production cost of finished products and of products under processing includes raw material, direct labor, indirect manufacturing expenses based on a normal operational capacity and other costs incurred to place the products at the locations and in the conditions necessary for sale, net of discounts attributable to inventories. The net realizable value is the estimated sale price in the normal course of business, less marketing and distribution expenses. When market conditions cause the production cost to be higher than its net realizable value, an allowance for assets deterioration is registered for the difference in value. This allowance for inventory deterioration also includes amounts related to obsolete items due to low turnover, technical obsolescence and products withdrawn from the market. The inventories and cost of products sold, is determined using the Weighted Average Cost (WAC). The Company estimates that most of the inventories have a high turnover. The materials and raw materials purchased from third parties are valued at their acquisition cost; once used, they are incorporated in finished products using the WAC methodology. 2.10 Current biological assets Under current Biological assets, the Company includes the costs associated with agricultural activities (grapes), which are capitalized up to the harvesting date, when they become part of the inventory cost for subsequent processes. The Company considers that the costs associated with agricultural activities represent a reasonable approximation to their fair value. 2.11 Other non-financial assets Other non-financial assets mainly includes prepayments associated with advertising related to contracts regarding the making of commercials which are work in progress and have not yet been shown (current and non-current), payments to insurances and advances to suppliers in relation with certain purchases of property, plant and equipment. Additionally paid guarantees related with leases and materials to be consumed related to industrial safety implements. 2.12 Property, plant and equipment Property, plant and equipment items are recorded at their historic cost, less accumulated depreciation and impairment losses. The cost includes both disbursements directly attributable to the asset acquisition or construction, as well as the financing interest directly related to certain qualified assets, which are capitalized during the construction or acquisition period, as long as these assets qualify for these purposes considering the period necessary to complete and prepare the assets to be operative. Disbursements after the purchase or acquisition are only capitalized when it is likely that the future economic benefits associated to the investment will flow to the Company, and costs may be reasonably measured. Subsequent disbursements related to repairs and maintenance are recorded as expenses when incurred. Depreciation of property, plant and equipment items, including assets under financial lease, is calculated on a straight line basis over the estimated useful lives of property, plant and equipment items, taking into account their estimated residual value. When an asset is formed by significant components with different useful lives, each part is separately depreciated. Property, plant and equipment useful lives and residual values estimates are reviewed and adjusted at each financial statement closing date, if necessary. The estimated useful lives of property, plant and equipment are detailed as follows: Type of Assets Number of years Land Indefinite Buildings and Constructions 20 to 60 Machinery and equipment 10 to 25 Fumiture and accesories 5 to 10 Other equipment (coolers and mayolicas) 5 to 8 Glass containers, and plastic containers 3 to 12 Vines in production 30 Gains and losses resulting from the sale of properties, plants and equipment are calculated comparing their book values against the related sales proceeds and are included in the Consolidated Statement of Income. Biological assets held by Viña San Pedro Tarapacá S.A. (VSPT) and its subsidiaries consist of vines in formation and in production. Harvested grapes are used for subsequent wine production. Vines under production are valued at the historic cost, less depreciation and any impairment loss. Depreciation of vines in production is recorded using the straight-line method over the 30-year estimated average production life, which is periodically assessed. Vines in formation are not depreciated until they start producing. Costs incurred in acquiring and planting new vines are capitalized. When the carrying amount of a property, plant and equipment item exceeds its recoverable value, it is immediately written down to its recoverable amount (See Note 2 - Summary of significant accounting policies 2.17 ). 2.13 Leases Lease agreements are classified as finance leases when the agreement transfers to the Company substantially all the risks and rewards inherent to ownership of the asset, in accordance with IAS 17 “Leases”. For agreements that qualify as finance leases, and an asset and a liability are recognized as of the inception date for a value equivalent to the fair value of the leased asset or the present value of future lease payments, whichever is lower. Subsequently, lease payments are allocated between the finance cost and reduction of the obligation, in order to obtain a constant interest rate on the balance of the obligation. Lease agreements that do not qualify as finance leases are classified as operating leases. Operating lease payments are charged to income using the straight-line method over the term of the lease. 2.14 Investment property Investment property consist of land and buildings held by the Company for the purpose of generating appreciation and not to be used in the normal course of business, and are recorded at historical cost less any impairment loss. Depreciation of investment property, excluding land, is calculated using the straight-line method over the estimated useful life of the asset, taking into account their estimated residual value. 2.15 Intangible assets other than goodwill Commercial trademarks The Company’s commercial trademarks are intangible assets with indefinite useful |
Estimates and application of pr
Estimates and application of professional judgment | 12 Months Ended |
Dec. 31, 2018 | |
Accounting policies, changes in accounting estimates and errors [Abstract] | |
Disclosure of changes in accounting policies, accounting estimates and errors [text block] | Note 3 Estimates and application of professional judgment The preparation of Financial Statement requires estimates and assumptions from Management affecting the amounts included in the Consolidated Financial Statements and their related notes. The estimates made and the assumptions used by the Company are based on historical experience, changes in the industry and the information supplied by external qualified sources. Nevertheless, final results could differ from the estimates under certain conditions. Significant estimates and accounting policies are defined as those that are important to correctly reflect the Company’s financial position and income, and/or those that require a high level of judgment by Management. The primary estimates and professional judgments relate to the following concepts: • The valuation of goodwill acquired to determine the existence of losses due to potential impairment (Note 2 - Summary of significant accounting policies (2.16) and Note 18- Goodwill) . • The valuation of commercial trademarks to determine the existence of potential losses due to potential impairment (Note 2 - Summary of significant accounting policies (2.17) and Note 17 – Intangible assets other than goodwill) . • The assumptions used in the current calculation of liabilities and obligations to employees (Note 2 - Summary of significant accounting policies (2.20) and Note 25 – Employee benefits) . • Useful lives of property, plant and equipment (Note 2 - Summary of significant accounting policies (2.12) and Note 19 – Property, plant and equipment) and intangibles (Note 2 - Summary of significant accounting policies (2.15) and Note 17 - Intangible assets other than goodwill) . • The assumptions used for calculating the fair of value financial instruments (Note 2 - Summary of significant accounting policies (2.7) and Note 7 – Financial instruments) . • The likelihood of occurrence and amounts estimated in an uncertain or contingent manner (Note 2 - Summary of significant accounting policies (2.21) and Note 23 – Other provisions) . • The valuation of current Biological assets (Note 2 - Summary of significant accounting policies (2.10) and Note 13 – Biological assets) . Such estimates are based on the best available information of the events analyzed to date in these consolidated financial statements. However, it is possible that events that may occur in the future may result in adjustments to such estimates, which would be recorded prospectively. |
Accounting changes
Accounting changes | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Accounting Changes [Abstract] | |
Disclosure Of Accounting Changes [Text Block] | Note 4 Accounting changes a) The accounting policies described in the Consolidated Financial Statements as of December 31, 2018 reflect the modifications made by IFRS 15 and IFRS 9 which went into effect as of January 1, 2018. The following is an explanation of the initial impact of the application of these rules: - In relation with IFRS 9, the Company has made an evaluation of its impacts which included the determination of gaps between criteria of classification and measurement of financial instruments with respect to the criteria currently used and the determination of the impact of moving to a model of expected credit losses to determine the impairment of its financial assets. Based on the evaluation, we have determined that there are no significant changes impacting the classification and measurement of the Company’s financial assets as a result of the application of IFRS 9. We haven’t identified significant impacts on accounting policies for financial liabilities, since the new requirements only impacts accounting for liabilities, other than derivative financial instruments, which are designated at fair value through profit or loss, on which the Company, as of January 1, 2018, does not have, nor has there been debt renegotiations that could be affected by the new clarifications about the accounting treatment regarding modification of liabilities; however for derivative financial instruments that are recognized at fair value through profit or loss the effect as of January 1, 2018, the Company has determined an increase of ThCh$ 1,307, net of deferred taxes, which was recorded under Retained earnings in Equity as of January 1, 2018. In relation to the new impairment model, the standard requires the recognition of impairment losses based on expected credit losses (ECL), instead of only incurred credit losses as indicated in IAS 39. Based on the evaluations performed on the portfolio of Trade receivables as of January 1, 2018, the Company determined a decrease of ThCh$ 128,029, net of deferred taxes, which was recorded under Retained earning in Equity as of January 1, 2018 and additionally modified, as of said date, the respective accounting policy. The Company has adopted to continue using the IFRS 9’s exception that allows continuing the record of hedge accounting according to IAS 39. The date of adoption of this new standard is mandatory as of January 1, 2018. The Company applied this rule prospectively, using the practical resources allowed by the standard and given that the effects are not significant the comparative balances for the year 2017 will not be restated. As of January 1, 2018, financial assets and liabilities are classified as fair value with changes in profit or loss, measured at amortized cost and at fair value in other comprehensive income, without affecting the classification maintained by the Company. - In relation with IFRS 15, the basic principle of IFRS 15 is an entity recognizes income from ordinary activities, in a way that represents the transfer of goods or services committed to customers, in exchange for an amount that reflects the compensation, in which the entity, expects to have entitled in change these goods or services. An entity shall recognize revenue from ordinary activities in accordance with that basic principle by applying the following 5 steps which are: Step 1 – Identify the contract (or contracts) with the customer. Step 2 - Identify performance obligations in the contract. Step 3 - Determine the price of the transaction. Step 4 - Assign the price of the transaction between performance obligations. Step 5 - Recognize income from ordinary activities when (or as) the entity satisfies a performance obligation. The Company has carried out an evaluation of the 5 steps indicated above and no new performance obligations have been identified or different from those already presented in the Consolidated Financial Statements and additionally has determined there are no significant changes in the recognition of income, since these are recorded to the extent that it is likely the economic benefits flow to the Company and can be measured reliably, with determined prices that are measured at the fair value of the economic benefits received or to be received, once the performance obligation is satisfied and income is presented net of valued added tax, specific taxes, returns, discounts and rebates. The Company adopted IFRS 15 based on the modified retrospective approach. These was no impact of adoption and no adjustment to the opening balance of retained earnings was made. b) Financial reporting in hyperinflationary economies Inflation in Argentina has shown significant increases since the beginning of 2018. The cumulative inflation rate of three years, calculated using different combinations of consumer price indices, has exceeded 100% for several months, and it’s still increasing. The cumulative three-year inflation calculated using the general price index has already exceeded 100%. Therefore, as prescribed by IAS 29, Argentina was declared a hyperinflationary economy as of July 1, 2018. According to aforementioned, IAS 29 must be applied by all entities whose functional currency is the Argentine peso for the accounting periods ended after July 1, 2018, as if the economy had always been hyperinflationary. In this regard, IAS 29 requires that the Financial Statements of an entity whose functional currency is the currency of a hyperinflationary country be restated in terms of the current purchasing power at the end of the reporting period. The above mentioned implies that the restatement of non-monetary items must be made from their date of origin, last restatement, valuation or another particular date in some very specific cases and considering that the Financial Statements are prepared under the historical cost criteria. The adjustment factor used in each case is obtained based on the combined index of the National Consumer Price Index (IPC), with the Wholesale Price Index (IPIM), published by the National Institute of Statistics and Census of the Argentine Republic (INDEC), according to the series prepared and published by the Argentine Federation of Professional Councils of Economic Sciences (FACPCE). For consolidation purposes, for subsidiaries whose functional currency is the Argentine peso, paragraph 43 of IAS 21 has been considered, which requires that the Financial Statements of a subsidiary that has a functional currency of a hyperinflationary economy to be restated in accordance with IAS 29, before being converted so that they are included in the Consolidated Financial Statements. The comparative amounts presented previously (2017 for the purposes of the Consolidated Statement of Financial Position and years 2017 and 2016 for the Consolidated Statement of Incomes by Function, Consolidated Statement of Comprehensive Income, Consolidated Statement of Changes in Equity and Consolidated Statement of Cash Flows) in Chilean pesos) have not been restated. Re-expression due to hyperinflation will be recorded until the period in which the economy of the entity ceases to be considered as a hyperinflationary economy; at that time, adjustments made for hyperinflation will be part of the cost of non-monetary assets and liabilities. The comparative amounts in the Company’s Financial Statements are presented in a stable currency and they are not adjusted by inflationary changes. The application by first time of IAS 29 gave rise to a positive adjustment of ThCh$ 92,241,004, net of taxes, which have been charged to the "Reserve of exchange differences on translation" account (Other comprehensive income). On the other hand, during fiscal year 2018, the application of this standard generated a gain in net monetary position of ThCh$ 2,312,604 (before tax), which is recognized in the Consolidated Statement of Incomes under "Result as per adjustment units". Additionally, since the Argentine economy was declared as hyperinflationary, a loss of ThCh$ 6,086,727 was recorded in results for the year, generated by the inflation adjustment and translation at the year-end exchange rate as of December 31, 2018. The most significant effects on the non-monetary items restated, after rating the Argentine economy in a situation of hyperinflation are the following: ThCh$ Current assets 1,905,102 Non-current assets 118,989,487 Current liabilities - Non-current liabilities (27,149,456 ) Total Shareholders' Equity 93,745,133 Non-controlling interests (1,504,129 ) Equity attributable to equity holders of the parent 92,241,004 c) During the year ended on December 31, 2018, there have been no other significant changes in the use of accounting principles or relevant changes in any accounting estimates with regard to previous years that have affected these consolidated financial statements. |
Risk Administration
Risk Administration | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of risk management [Abstract] | |
Disclosure of risk management [Text Block] | Note 5 Risk Administration Risk Management In companies where CCU has a controlling interest, the Company’s Administration and Finance Management provides a centralized service for the group’s companies to obtain financing and administration of exchange rates, interest rates, liquidity, inflation, raw materials and credit risks. Such activity operates in accordance with a framework of policies and procedures which is regularly reviewed to ensure it fulfils the purpose of managing the risks by business needs. In companies with a non-controlling interest (VSPT, CPCH, Aguas CCU-Nestlé S.A., Bebidas del Paraguay S.A., Cervecería Kunstmann S.A. and Bebidas Bolivianas BBO S.A.) the responsibility for this service lies with the respective Board of Directors and respective Administration and Finance Management Area. When applicable, the Board of Directors and Directors Committee has the final responsibility for establishing and reviewing the risk administration structure, as well as for the reviewing significant changes made to risk management policies. In accordance with financial risk policies, the Company uses derivate instruments only for the purpose of hedging exposure to interest rate and Exchange rate risks arising from the Company’s operations and its sources of financing. The Company does not acquire derivate instruments for speculative or investment purposes. Nevertheless, some derivatives are not treated as hedges for accounting purpose because they do not qualify as such. Transactions with derivate instruments are exclusively carried out by Administration and Finance staff and Internal Audit Management regularly reviews the control environment of this function. Relationships with credit rating agencies and monitoring of financial restrictions (covenants) are also managed by Administration and Finance. The Company’s main risk exposure is related to exchange rates, interest rates, inflation and raw materials price (commodities), taxes, trade accounts receivable and liquidity. Several types of financial instruments are used to manage the risk originated by these exposures. For each of the following points, where applicable, the sensitivity analyses developed are merely for illustration purposes, since in practice the sensitized variables rarely change without affecting each other and without affecting other factors that were considered as constant and which also affect the Company’s financial position and results. Exchange rate risk The Company is exposed to exchange rate risks originated by: a) its net exposure to foreign currency assets and liabilities, b) exports sales, c) the purchase of raw materials, products and capital investments in foreign currencies, or indexed in such currencies, and d) the net investment of subsidiaries in foreign countries. The Company’s greatest exchange rate exposure is to the variation on the Chilean peso as compared to the US Dollar, Euro, Argentine Peso, Uruguayan Peso, Paraguayan Guarani, Bolivian Peso and Colombian Peso. As of December 31, 2018, the Company maintained foreign currency obligations amounting to ThCh$ 88,218,862 (ThCh$ 69,160,367 in 2017), mostly denominated in US Dollars. Foreign currency obligations (ThCh$ 25,403,961 as of December 31, 2018 and ThCh$ 10,945,398 as of December 31, 2017) represent a 9% (6% in 2017) of total other financial liabilities. The remaining 91% (94% in 2017) is mainly denominated in Unidades de Fomento (inflation-indexed Chilean monetary unit – see inflation risk section). In addition, the Company has assets in foreign currency in the amount of ThCh$ 234,306,916 (ThCh$ 140,345,944 in 2017) that mainly correspond to net investments of subsidiaries in foreign countries and export accounts receivable. Regarding the operations of foreign subsidiaries, the net liability exposure in US Dollars and other currencies amounts to ThCh$ 7,871,677 (net liability ThCh$ 7,894,180 as of December 31, 2017). To protect the value of the net foreign currency assets and liabilities position of its Chilean operations, the Company enters into derivate contracts (currency forwards) to ease any variation in the Chilean peso as compared to other currencies. As of December 31, 2018, the net exposure of the Company in Chile in foreign currencies, after the use of derivate instruments, is assets in the amount of ThCh$ 1,364,230 (liability in the amount of ThCh$ 1,026,554 as of December 31, 2017). As of December 31, 2018, of the Company’s total sales, both in Chile and abroad, 7% (7% in 2017 and 8% in 2016) corresponds to export sales in foreign currencies, mainly US Dollars and Euros and approximately 61% (62% in 2017 and 63% 2016) of total direct costs correspond to raw materials and products purchased in foreign currencies, or indexed to such currencies. The Company does not hedge the possible variations in the expected cash flows from such transactions. The Company is also exposed to fluctuations in exchange rates relating to the conversion from Argentine Peso, Uruguayan Peso, Paraguayan Guaraní, Bolivian Peso and Colombian Peso to Chilean Pesos with respect to assets, liabilities, income and expenses of its subsidiaries in Argentina, Uruguay, Paraguay and Bolivia, associated in Perú and join venture in Colombia. The Company does not hedge the risks associated to the conversion of its subsidiaries, whose effects are recorded in equity. As of December 31, 2018, the net investment in foreign subsidiaries, associates and joint ventures amounts to ThCh$ 247,679,930, ThCh$ 958,474 and ThCh$ 121,448,016, respectively (ThCh$ 133,134,842, ThCh$ 7,406,020 and ThCh$ 71,070,399 as of December 31, 2017). Exchange rate sensitivity analysis The effect of foreign currency translation differences recognized in the Consolidated Statement of Income for the year ended as of December 31, 2018, related to assets and liabilities denominated in foreign currency, was a gain of ThCh$ 3,299,657 (loss of ThCh$ 2,563,019 in 2017 and a gain of ThCh$ 456,995 in 2016). Considering exposure as of December 31, 2018 and assuming a 10% increase in the exchange rate, and keeping constant all other variables such as interest rates constant, it is estimated that the effect on the Company’s net income would be a net income after taxes of ThCh$ 99,589 (a loss of ThCh$ 76,478 in 2017 and gain of ThCh$ 289,448 in 2016) associated of the owners of the controller. Considering that approximately 7% of the Company’s sales revenue comes from export sales carried out in Chile (7% in 2017 and 8% in 2016), in currencies other than Chilean Peso, and that approximately 61% (62% in 2017 and 63% in 2016) of the Company’s direct costs are in or indexed to the US Dollar and assuming that the functional currencies will appreciate (depreciate) by 10% in respect to the US Dollar, and keeping all other variables constant, the hypothetical effect on the Company’s income would be a loss after taxes of ThCh$ 22,116,350 (ThCh$ 18,772,323 in 2017 and ThCh$ 13,908,457 in 2016). The Company can also be affected by changes in the Exchange rate of the countries where its foreign subsidiaries operate, since income is converted to Chilean Pesos at the average Exchange rate of each month. The operating income of foreign subsidiaries as of December 31, 2018 was net income of ThCh$ 56,533,194 ( ThCh$ 46,395,490 in 2017 and ThCh$ 23,057,091 in 2016). Therefore, a depreciation (appreciation) of 10% in the exchange rate of the Argentine Peso, the Uruguayan Peso, the Paraguayan Guarani and the Bolivian peso against the Chilean Peso, would result in a loss (income) before taxes of ThCh$ 5,653,319 ( ThCh$ 4,639,549 in 2017 and ThCh$ 2,305,709 in 2016). The net investment in foreign subsidiaries, associates and joint ventures as of December 31, 2018, amounted to ThCh$ 247,679,930, ThCh$ 958,474 and ThCh$ 121,448,016, respectively ( ThCh$ 133,134,842, ThCh$ 7,406,020 and ThCh$ 71,070,399 in 2017). Assuming a 10% increase or decrease in the Argentine Peso, Uruguayan Peso, Paraguayan Guarani, Bolivian Peso and Colombian Peso against the Chilean Peso, and maintaining all other variables constant, the increase (decrease) would hypothetically result in Net income (loss) of ThCh$ 37,008,642 ( ThCh$ 21,161,126 in 2017 and ThCh$ 17,869,963 in 2016) recorded as a credit (charge) to equity. The Company does not hedge risks associated to currency conversion of the financial statements of its subsidiaries that have a different functional currency, whose effects are recorded in equity. Interest rate risk Interest rate risk mainly originates from the Company’s financing sources. The main exposure is related variable interest rate obligations indexed to the London Inter Bank Offer Rate (“LIBOR”) and the Buenos Aires Deposits of Large Amounts Rate (“BADLAR”) As of December 31, 2018, the Company had a total ThCh$ 8,576,258 in variable interest debt ( ThCh$ 6,560,842 in 2017). Consequently, as of December 31, 2018, the company’s financing structure is made up of (without considering the effects of cross currency swaps approximately 3% (3% in 2017) debt with variable interest rate, and 97% (97% in 2017) in debt with fixed interest rates. To manage interest rate risk, the Company has a policy which seeks to reduce the volatility of its finance cost, and maintain and ideal percentage of its debt in fixed rate instruments. The financial position is mainly set by the use of short-term and long-term, as well as derivate instruments such as cross currency interest rate swaps and cross interest rate swaps. As of December 31, 2018, after considering the effect of interest rates and currency swaps, approximately 99.8% (99% in 2017) of the Company’s debt is at fixed interest rates. The terms and conditions of the Company’s obligations as of December 31, 2018, including Exchange rates, interest rates, maturities and effective interest rates, are detailed in Note 21 – Other financial liabilities. Interest rate sensitivity analysis The total financial cost recognized in the Consolidated Statement of Income for the twelve months ended as of December 31, 2018, related to short and long-term debt amounted to ThCh$ 23,560,662 ( ThCh$ 24,166,313 in 2017 and ThCh$ 20,307,238 in 2016). Assuming a reasonably possible increase of 100 bps in variable interest rates and maintaining all other variables constant, the increase would hypothetically result in a loss before taxes of ThCh$ 5,059 ( ThCh$ 17,176 in 2017 and ThCh$ 34,228 in 2016). Inflation risk The Company maintains a series of agreements indexed to Unidades de Fomento (UF) with third parties, as well as UF indexed financial debt which means the Company is exposed to fluctuations in the UF, generating an increase in the value of those agreements and liabilities if the UF increases due to inflation. This risk is partially mitigated by the Company’s policy of keeping net sales per unit in UF constant as long as the market conditions allow it, and taking cross currency swaps if the if the market conditions are favorable to the Company. Inflation in Argentina has shown significant increases since the beginning of 2018. The cumulative inflation rate of three years, calculated using different combinations of consumer price indices, has exceeded 100% for several months, and it’s still increasing. The cumulative three-year inflation calculated using the general price index has already exceeded 100%. Therefore, as prescribed by IAS 29, Argentina was declared a hyperinflationary economy as of July 1, 2018. Inflation sensitivity analysis Income from indexation units recognized in the Consolidated Statement of Income for the twelve-months ended as of December 31, 2018, related to UF indexed short and long-term debt, is a gain of ThCh$ 742,041 (a loss of ThCh$ 110,539 in 2017 and a loss of ThCh$ 2,246,846 in 2016). Assuming a reasonably possible 3% increase (decrease) in the Unidad de Fomento and keeping all other variables such as interest rates constant, the aforementioned increase (decrease) would hypothetically result in a loss (income) of ThCh$ 3,380,752 ( ThCh$ 1,419,965 in 2017 and ThCh$ 3,062,661 in 2016) in the Consolidated Statement of Income. Raw material Price risk The main exposure to raw materials Price variation is related to barley, malt, and cans used in the production of beer, concentrates, sugar and plastic containers used in the production of soft drinks and bulk wine and grapes for the manufacturing of wine and spirits. Barley, malt and cans In Chile, the Company obtains its malt supply from both local producers and the international market. Long-term supply agreements are entered into with local producers where the barley price is set annually according to market prices, which are used to determine the price of malt according to the agreements. The purchase commitments made expose the Company to raw materials price fluctuation risk. During 2018, the Company in Chile did not acquire barley (0 tons in 2017) and 73,498 tons of malts (68,000 tons in 2017). CCU Argentina acquires malt mainly from local producers. These raw materials represent approximately 5% (6% in 2017 and 7% in 2016) of the direct cost of the Chile Operating segment. As of December 31, 2018, in the Chile Operation segment, the cost of cans represented approximately 12% of direct costs (12% in 2017 and 15% in 2016). In the International Business Operating segment, the cost of cans represented approximately 38% of direct raw materials costs as of December 31, 2018 (33% in 2017 and 34% in 2016). Concentrates, Sugar and plastic containers The main raw materials used in the production of non-alcoholic beverages are concentrated, which are mainly acquired from licenses, sugar and plastic resin for the manufacturing of plastic bottles and containers. The Company is exposed to price fluctuation risks involving these raw materials, which jointly represent approximately 27% (29% in 2017 and 30% in 2016) of the direct cost of the Chile Operating segment. The Company does not engage in hedging raw materials purchases. Grapes and wine The main raw materials used by subsidiary Viña San Pedro Tarapacá S.A. for wine production are grapes harvested from its own vineyards and grapes and wine acquires from third parties through long-term and spot contracts. In the last 12 months, approximately 26% (22% in 2017) of VSPT’s total wine supply came from its own vineyards. Regarding our export market, and considering our focus on this market, approximately 41% (34% in 2017) of our wine supply for export came from our own vineyards. The remaining 74% (78% in 2017) supply was purchased from third parties through long-term and spot contracts. In the last 12 months, the subsidiary VSPT acquired 63% (69% in 2017) of the necessary grapes and wine from third parties through spot contracts. Additionally, the long-term transactions were 11% (9% in 2017) of the total supply. We should consider that as of December 31, 2018, wine represents 64% (61% in 2017 and 56% in 2016) of the total direct cost of the Wine Operating segment, and supplies purchased from third parties represented 38% (42% in 2017). Raw material Price sensitivity analysis Total direct costs in the Consolidated Statement of Income for the twelve months ended as of December 31, 2018, amounted to ThCh$ 650,386,343 ( ThCh$ 586,223,676 in 2017 and ThCh$ 540,692,964 in 2016). Assuming a reasonably possible 8% increase (decrease) in the direct cost of each Operating segment and keeping all other variables such as exchange rates constant, the aforesaid increase (decrease) would hypothetically result into a loss (income) before taxes of ThCh$ 30,150,723 ( ThCh$ 28,604,884 in 2017 and ThCh$ 28,075,829 in 2016) for the Chile Operating segment, ThCh$ 13,545,233 ( ThCh$ 10,404,929 in 2017 and ThCh$ 8,089,082 in 2016) for the International Business Operating segment and ThCh$ 8,734,204 ( ThCh$ 8,215,317 in 2017 and ThCh$ 7,222,786 in 2016) for the Wine operating segment. Credit risk The credit risk which the Company is exposed to originates from: a) trade accounts receivable from retail customers, whole sale distributors and supermarket chains in the domestic market; b) accounts receivable from exports; and c) financial instruments maintained with Banks and financial institutions, such as demand deposits, mutual fund investments, instrument acquired under resale commitments and derivatives. Domestic market The credit risk related to trade accounts receivable from domestic markets is managed by the Credit and Collections Management Department, and is monitored by the Credit Committee of each business unit. The domestic market mainly refers to accounts receivables in Chile and represents 63% of total trade accounts receivable (66% in 2017 and 55% in 2016). The Company has a wide base of customers that are subject to the policies, procedures and controls established by the Company. Credit limits are established for all customers on the basis of an internal rating and their payment behavior. Outstanding trade accounts receivable are regularly monitored. In addition, the Company purchases credit insurance that covers 90% of individually significant accounts receivable balances, coverage that as of December 31, 2018, is equivalent to 84% (88% in 2017) of total accounts receivable. Overdue, but not impaired, trade accounts receivables represent customers that are less than 22 days overdue (30 in 2017). As of December 31, 2018, the Company has approximately 1,294 customers (1,205 customers in 2017) with more than Ch$ 10 million in debt each, which altogether represent approximately 86% (85% in 2017) of total trade accounts receivable. There are 261 customers (240 customers in 2017) with balances in excess of Ch$ 50 million each, representing approximately 75% (74% in 2017) of the total accounts receivable. The 90% (94% in 2017) of those accounts receivable are covered by credit insurance. The Company sells its products through retail customers, wholesale distributors and supermarket chains, with a credit worthiness of 99% (99% in 2017). As of December 31, 2018, the Company has no significant guarantees from its customers. The Company believes that no additional credit risk provisions other than the individual and collective provisions determined as of December 31, 2018, that amount to ThCh$ 6,059,201 ( ThCh$ 4,154,752 in 2017) are needed since a large percentage of these are covered by insurance. Exports market The credit risk related to accounts receivable from exports is managed by the Head of Credit and Collections at VSPT and is monitored by VSPT Administration and Finance Management. VSPT’s export trade accounts receivable represent 12% of total trade accounts receivable (12% in 2017). VSPT has a wide base of customers, in more than eighty countries, which are subject to the policies, procedures and controls established by VSPT. In addition, VSPT acquires credit insurance to cover 99.5% (99.7% in 2017) of individually significant accounts receivable; and as of December 31, 2018 more than 90% (90% in 2017) of total accounts receivable are covered. Pending payments of trade accounts receivable are regularly monitored. Apart from the credit insurance, having diversified sales in different countries decreases the credit risk. As of December 31, 2018, there were 58 customers (63 customers in 2017) with more than ThCh$ 65,000 of debt each, which represent 92% (91% in 2017) of VSPT´s total export market accounts receivable. With regards to VSPT’s export customers, overdue, but no impaired, trade accounts receivables are customers that are less than 28 days overdue (20 days average in 2017). The Company believes that no credit risk provisions are necessary other than the individual and collective provisions determined as of December 31, 2018. See analysis of accounts receivable aging and losses due to impairment of accounts receivables (Note 10 – Trade and other receivables) . Financial investments and derivatives Financial investments correspond to time deposits, which are financial instruments acquired with repurchase agreements at fixed interest rate, maturing in less than three months placed in financial institutions in Chile, so there are not exposed to significant market risk. Derivatives are measured at fair value and traded only in the Chilean market. As of 2018, the amendment to IFRS 9, which requires changes to the valuation of derivative financial instruments considering the counterparty risk (CVA and DVA), is applied. Tax risk Our businesses are taxed with different duties, particularly with excise taxes on the consumption of alcoholic and non-alcoholic beverages. An increase in the rate of these or any other tax could negatively affect our sales and profitability. Liquidity risk The Company manages liquidity risk at a consolidated level. Cash flows from operating activities are the main source of liquidity. Additionally, the Company has the ability to issue debt and equity instruments in the capitals market based on our needs. In order to manage short-term liquidity, the Company considers projected cash flows for a twelve-month moving period and maintains cash and cash equivalents available to meet its obligations. Based on current operating performance and its liquidity position, the Company estimates that cash flows from operation activities and available cash will be sufficient to finance working capital, capital investments, interest payments, dividend payment and debt payment requirement for the next 12-months period and in the foreseeable future. The Company’s financial liabilities expiring as of December 31, 2018 and 2017, based on non-discounted contractual cash flows are summarized as follows: Contractual flows maturities As of December 31, 2018 Book value (*) 0 to 3 months 3 months to 1 year Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Other financial liabilities no derivatives Bank borrowings 113,360,982 4,171,430 38,017,422 20,574,967 59,839,650 3,381,796 125,985,265 Bond payable 139,362,478 2,349,873 4,855,854 18,896,434 18,053,262 167,691,118 211,846,541 Financial leases obligations 17,912,134 241,724 725,183 1,911,683 1,909,956 23,078,634 27,867,180 Deposits for return of bottles and containers 13,967,995 - 13,967,995 - - - 13,967,995 Sub-Total 284,603,589 6,763,027 57,566,454 41,383,084 79,802,868 194,151,548 379,666,981 Derivative financial liabilities Derivative financial instruments 4,997,124 4,997,124 - - - - 4,997,124 Derivative hedge liabilities 1,351,530 639,032 620,516 424,299 - - 1,683,847 Sub-Total 6,348,654 5,636,156 620,516 424,299 - - 6,680,971 Total 290,952,243 12,399,183 58,186,970 41,807,383 79,802,868 194,151,548 386,347,952 Contractual flows maturities As of December 31, 2017 Book value (*) 0 to 3 months 3 months to 1 year Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Other financial liabilities no derivatives Bank borrowings 98,510,577 5,159,746 22,871,796 23,799,505 60,322,863 - 112,153,910 Bond payable 72,782,747 1,127,076 4,523,346 18,137,303 19,380,469 48,315,616 91,483,810 Financial leases obligations 17,814,875 354,543 1,034,396 2,552,580 2,551,761 27,644,377 34,137,657 Deposits for return of bottles and containers 13,228,328 - 13,228,328 - - - 13,228,328 Sub-Total 202,336,527 6,641,365 41,657,866 44,489,388 82,255,093 75,959,993 251,003,705 Derivative financial liabilities Derivative financial instruments 10,416,675 10,416,675 - - - - 10,416,675 Derivative hedge liabilities 1,840,188 698,685 1,142,524 - - - 1,841,209 Sub-Total 12,256,863 11,115,360 1,142,524 - - - 12,257,884 Total 214,593,390 17,756,725 42,800,390 44,489,388 82,255,093 75,959,993 263,261,589 (*) View current and non-current book value in Note 7 – Financial Instruments . |
Financial Information as per op
Financial Information as per operating segments | 12 Months Ended |
Dec. 31, 2018 | |
Operating segments [Abstract] | |
Disclosure of entity's operating segments [text block] | Note 6 Financial Information as per operating segments The Company has defined three Operating segments, essentially defined with respect to its revenues in the geographic areas of commercial activity: 1. Chile, 2. International business and 3.Wine. These Operating segments mentioned are consistent with the way the Company is managed and how results are reported by CCU. These segments reflect separate operating results which are regularly reviewed by the chief operating decision maker in order to make decisions about the resources to be allocated to the segment and assess its performance. Operating segment Products and services Chile Beers, non-alcoholic beverages, spirits and SSU. International Business Beers, cider, non-alcoholic beverages and spirits in Argentina, Uruguay, Paraguay and Bolivia. Wines Wines, mainly in export markets to more 80 countries. Corporate revenues and expenses are presented separately within the Other, in addition in the other presents the elimination of transactions between segments. The Company does not have any customers representing more than 10% of consolidated revenues. The detail of the segments is presented in the following tables: a) Information as per operating segments for the years ended December 31, 2018 and 2017 : Chile International Business Wines Others Total 2018 2017 2018 (4) 2017 2018 2017 2018 (4) 2017 2018 (5) 2017 ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Sales revenue external customers 1,080,974,052 1,020,763,055 473,972,819 457,178,413 201,305,759 200,455,713 - - 1,756,252,630 1,678,397,181 Other income 15,754,493 14,667,777 9,404,839 2,740,533 4,190,594 3,105,064 (2,320,219 ) (549,761 ) 27,029,707 19,963,613 Sales revenue between segments 12,845,646 11,688,658 548,184 398,100 1,022,378 893,005 (14,416,208 ) (12,979,763 ) - - Net sales 1,109,574,191 1,047,119,490 483,925,842 460,317,046 206,518,731 204,453,782 (16,736,427 ) (13,529,524 ) 1,783,282,337 1,698,360,794 Change % 6.0 - 5.1 - 1.0 - - - 5.0 - Cost of sales (501,255,744 ) (483,604,499 ) (230,068,601 ) (190,387,412 ) (133,271,578 ) (126,244,373 ) 4,584,531 1,497,629 (860,011,392 ) (798,738,655 ) % of Net sales 45.2 46.2 47.5 41.4 64.5 61.7 - - 48.2 47.0 Gross margin 608,318,447 563,514,991 253,857,241 269,929,634 73,247,153 78,209,409 (12,151,896 ) (12,031,895 ) 923,270,945 899,622,139 % of Net sales 54.8 53.8 52.5 58.6 35.5 38.3 - - 51.8 53.0 MSD&A (1) (407,242,869 ) (383,169,121 ) (210,591,361 ) (225,341,789 ) (52,408,689 ) (53,941,735 ) (11,332,903 ) (6,330,835 ) (681,575,822 ) (668,783,480 ) % of Net sales 36.7 36.6 43.5 49.0 25.4 26.4 - - 38.2 39.4 Other operating income (expenses) 1,586,173 2,438,416 223,078,626 678,153 1,828,938 251,765 532,889 687,209 227,026,626 4,055,543 Adjusted operating result (2) 202,661,751 182,784,286 266,344,506 45,265,998 22,667,402 24,519,439 (22,951,910 ) (17,675,521 ) 468,721,749 234,894,202 Change % 10.9 - 488.4 - (7.6 ) - - - 99.5 - % of Net sales 18.3 17.5 55.0 9.8 11.0 12.0 - - 26.3 13.8 Net financial expense - - - - - - - - (7,766,206 ) (19,115,361 ) Equity and income of associates and joint ventures - - - - - - - - (10,815,520 ) (8,914,097 ) Foreign currency exchange differences - - - - - - - - 3,299,657 (2,563,019 ) Results as per adjustment units - - - - - - - - 742,041 (110,539 ) Other gains (losses) - - - - - - - - 4,029,627 (7,716,791 ) Income before taxes 458,211,348 196,474,395 Tax income (expense) (136,126,817 ) (48,365,976 ) Net income for year 322,084,531 148,108,419 Non-controlling interests 15,193,739 18,501,066 Net income attributable to equity holders of the parent 306,890,792 129,607,353 Depreciation and amortization 63,148,804 64,807,818 19,798,708 15,568,301 7,935,006 7,505,440 2,406,676 4,317,945 93,289,194 92,199,504 ORBDA (3) 265,810,555 247,592,104 286,143,214 60,834,299 30,602,408 32,024,879 (20,545,234 ) (13,357,576 ) 562,010,943 327,093,706 Change % 7.4 - 370.4 - (4.4 ) - - - 71.8 - % of Net sales 24.0 23.6 59.1 13.2 14.8 15.7 - - 31.5 19.3 (1) MSD&A included Marketing, Selling, Distribution and Administrative expenses. (2) Adjusted operating result (for management purposes we have defined as Net income before other gains (losses), net financial expense, equity and income of joint venture, foreign currency exchange differences, result as per adjustment units and income taxes). (3) ORBDA (for management purpose we have defined as Adjusted Operating Result before Depreciation and Amortization). (4) The net impact, related to early termination of Budweiser license, on International Business Operating segment earnings was a one-time gain of ThCh$ 211,228,960 in ORBDA and a loss in Other for an amount of ThCh$ 2,386,517. (5) The net impact, related to early termination of Budweiser license ( See Note 1 – General information, letter C ), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. b) Information as per operating segments for the years ended December 31, 2017 and 2016 : Chile International Business Wines Others Total 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Sales revenue external customers 1,020,763,055 973,220,715 457,178,413 366,778,056 200,455,713 195,322,270 - - 1,678,397,181 1,535,321,041 Other income 14,667,777 15,630,481 2,740,533 2,783,615 3,105,064 5,851,015 (549,761 ) (688,444 ) 19,963,613 23,576,667 Sales revenue between segments 11,688,658 8,524,493 398,100 546,972 893,005 228,767 (12,979,763 ) (9,300,232 ) - - Net sales 1,047,119,490 997,375,689 460,317,046 370,108,643 204,453,782 201,402,052 (13,529,524 ) (9,988,676 ) 1,698,360,794 1,558,897,708 Change % 5.0 - 24.4 - 1.5 - - - 8.9 - Cost of sales (483,604,499 ) (471,151,686 ) (190,387,412 ) (157,485,547 ) (126,244,373 ) (112,938,261 ) 1,497,629 (244,422 ) (798,738,655 ) (741,819,916 ) % of Net sales 46.2 47.2 41.4 42.6 61.7 56.1 - - 47.0 47.6 Gross margin 563,514,991 526,224,003 269,929,634 212,623,096 78,209,409 88,463,791 (12,031,895 ) (10,233,098 ) 899,622,139 817,077,792 % of Net sales 53.8 52.8 58.6 57.4 38.3 43.9 - - 53.0 52.4 MSD&A (1) (383,169,121 ) (373,407,847 ) (225,341,789 ) (191,413,501 ) (53,941,735 ) (52,007,092 ) (6,330,835 ) (2,714,311 ) (668,783,480 ) (619,542,751 ) % of Net sales 36.6 37.4 49.0 51.7 26.4 25.8 - - 39.4 39.7 Other operating income (expenses) 2,438,416 1,734,871 678,153 (394,820 ) 251,765 732,689 687,209 1,043,939 4,055,543 3,116,679 Adjusted operating result (2) 182,784,286 154,551,027 45,265,998 20,814,775 24,519,439 37,189,388 (17,675,521 ) (11,903,470 ) 234,894,202 200,651,720 Change % 18.3 - 117.5 - (34.1 ) - - - 17.1 - % of Net sales 17.5 15.5 9.8 5.6 12.0 18.5 - - 13.8 12.9 Net financial expense - - - - - - - - (19,115,361 ) (14,627,170 ) Equity and income of associates and joint ventures - - - - - - - - (8,914,097 ) (5,560,522 ) Foreign currency exchange differences - - - - - - - - (2,563,019 ) 456,995 Results as per adjustment units - - - - - - - - (110,539 ) (2,246,846 ) Other gains (losses) - - - - - - - - (7,716,791 ) (8,345,907 ) Income before taxes 196,474,395 170,328,270 Tax income (expense) (48,365,976 ) (30,246,383 ) Net income for year 148,108,419 140,081,887 Non-controlling interests 18,501,066 21,624,399 Net income attributable to equity holders of the parent 129,607,353 118,457,488 Depreciation and amortization 64,807,818 61,736,849 15,568,301 11,928,705 7,505,440 7,078,872 4,317,945 2,783,619 92,199,504 83,528,045 ORBDA (3) 247,592,104 216,287,876 60,834,299 32,743,480 32,024,879 44,268,260 (13,357,576 ) (9,119,851 ) 327,093,706 284,179,765 Change % 14.5 - 85.8 - (27.7 ) - - - 15.1 - % of Net sales 23.6 21.7 13.2 8.8 15.7 22.0 - - 19.3 18.2 (1) MSD&A included Marketing, Selling, Distribution and Administrative expenses. (2) Adjusted operating result (for management purposes we have defined as Net income before other gains (losses), net financial expense, equity and income of joint venture, foreign currency exchange differences, result as per adjustment units and income taxes). (3) ORBDA (for management purpose we have defined as Adjusted Operating Result before Depreciation and Amortization). Sales information by geographic location For the years ended as of December 31, Net sales per geographical location 2018 2017 2016 ThCh$ ThCh$ ThCh$ Chile (1) 1,289,513,013 1,226,668,091 1,176,972,109 Argentina (2) 421,607,095 413,466,737 329,585,488 Uruguay 17,708,773 16,402,136 15,204,331 Paraguay 43,565,171 41,823,830 37,135,780 Bolivia (3) 10,888,285 - - Foreign countries 493,769,324 471,692,703 381,925,599 Total 1,783,282,337 1,698,360,794 1,558,897,708 (1) Includes net sales correspond to Corporate Support Unit and eliminations between geographical locations. Additionally, includes net sales made in Chile of the Wines Operating segment. (2) Includes net sales made by the subisiaries Finca La Celia S.A. and Los Huemules SRL., registered under the Wines Operating segment and Chile Operating segment, respectively. (3) See Note 15 – Business combinations, letter a) . Sales information by customer For the years ended as of December 31, Net Sales 2018 2017 2016 ThCh$ ThCh$ ThCh$ Domestic sales 1,664,613,889 1,572,617,473 1,429,152,068 Exports sales 118,668,448 125,743,321 129,745,640 Total 1,783,282,337 1,698,360,794 1,558,897,708 Sales information by product category For the years ended as of December 31, Sales information by product category 2018 2017 2016 ThCh$ ThCh$ ThCh$ Alcoholic business 1,206,506,503 1,158,451,078 1,041,923,724 Non-alcoholic business 549,746,127 519,946,103 493,397,317 Others (1) 27,029,707 19,963,613 23,576,667 Total 1,783,282,337 1,698,360,794 1,558,897,708 (1) Others consist mainly of sales of by-products and packaging including bottles, pallets, and glasses. Depreciation and amortization as per operating segments For the years ended as of December 31, Depreciation and amortization 2018 2017 2016 ThCh$ ThCh$ ThCh$ Chile operating segment 63,148,804 64,807,818 61,736,849 International Business operating segment 19,798,708 15,568,301 11,928,705 Wines operating segment 7,935,006 7,505,440 7,078,872 Others (1) 2,406,676 4,317,945 2,783,619 Total 93,289,194 92,199,504 83,528,045 (1) I ncludes depreciation and amortization corresponding to the Corporate Support Units. Cash flows Operating Segments For the years ended as of December 31, Cash flows Operating Segments 2018 2017 2016 ThCh$ ThCh$ ThCh$ Cash flows from (used in ) Operating activities 429,313,131 262,161,431 190,014,348 Chile operating segment 157,294,023 161,413,504 152,862,350 International business operating segment 228,740,495 58,773,027 13,065,093 Wines operating segment 14,340,011 16,167,068 32,949,789 Others (1) 28,938,602 25,807,832 (8,862,884 ) Cash flows from (used in ) Investing Activities (199,002,101 ) (173,614,379 ) (155,007,390 ) Chile operating segment (98,325,850 ) (78,746,298 ) (57,119,431 ) International business operating segment (35,475,310 ) (32,312,751 ) (40,032,866 ) Wines operating segment (16,749,301 ) (10,870,574 ) (13,499,538 ) Others (1) (*) (48,451,640 ) (51,684,756 ) (44,355,555 ) Cash flows from (used in ) Financing Activities (52,963,862 ) (53,001,198 ) (95,059,905 ) Chile operating segment (78,048,783 ) (65,996,567 ) (90,636,820 ) International business operating segment (100,573,425 ) (8,217,846 ) 18,820,789 Wines operating segment 3,741,241 (15,171,642 ) (18,841,106 ) Others (1) 121,917,105 36,384,857 (4,402,768 ) (1) Others includes Corporate Support Units, due to cash flows are managed by CCU. (*) Includes contribution to joint ventures. See Note 8 - Cash and cash equivalents . Capital expenditures as per operating segments For the years ended as of December 31, Capital expenditures (property, plant and equipment and software additions) 2018 2017 2016 ThCh$ ThCh$ ThCh$ Chile operating segment 78,887,075 80,866,369 53,809,780 International Business operating segment 32,756,828 32,312,751 39,592,739 Wines operating segment 16,961,638 10,948,212 14,767,858 Others (1) 2,834,881 1,638,148 20,713,048 Total 131,440,422 125,765,480 128,883,425 (1) Others includes the capital investments corresponding to the Corporate Support Units. Assets as per operating segments As of December 31, 2018 As of December 31, 2017 Assets as per Operating segment ThCh$ ThCh$ Chile operating segment 1,183,145,732 1,045,791,551 International Business operating segment 463,913,523 274,766,962 Wines operating segment 341,959,321 315,298,950 Others (1) 416,846,340 340,371,624 Total 2,405,864,916 1,976,229,087 (1) I ncludes assets corresponding to the Corporate Support Units. Assets per geographic location As of December 31, 2018 As of December 31, 2017 Assets per geographical location ThCh$ ThCh$ Chile (1) 1,924,196,897 1,689,394,491 Argentina (2) 373,091,516 213,714,384 Uruguay 26,925,415 25,015,615 Paraguay 53,126,091 48,104,597 Bolivia (3) 28,524,997 - Total 2,405,864,916 1,976,229,087 (1) Includes the assets corresponding to the Corporate Support Units and eliminations between geographic location and investments in associates and joint ventures. Additionally, includes part of Wines Operating segment and excludes its argentine subsidiary Finca La Celia S.A. (2) Includes the assets of the subisiaries Finca La Celia S.A. and Los Huemules SRL., registered under the Wines Operating segment and Chile Operating segment, respectively. (3) See Note 15 – Business combinations, letter a) . Liabilities as per operating segments As of December 31, 2018 As of December 31, 2017 Liabilities as per Operating segment ThCh$ ThCh$ Chile operating segment 457,517,605 388,121,093 International Business operating segment 172,893,966 119,351,344 Wines operating segment 112,427,830 95,094,080 Others (1) 273,909,572 146,833,962 Total 1,016,748,973 749,400,479 (1) O thers includes liabilities corresponding to the Corporate Support Units. Operating Segment’s additional information The Consolidated Statement of Income classified according to the Company’s operations management is as follows: For the years ended December 31, CONSOLIDATED STATEMENT OF INCOME Notes 2018 (*) 2017 2016 ThCh$ ThCh$ ThCh$ Sales revenue external customers 1,756,252,630 1,678,397,181 1,535,321,041 Other income 27,029,707 19,963,613 23,576,667 Net sales 1,783,282,337 1,698,360,794 1,558,897,708 Change % 5.0 8.9 - Cost of sales (860,011,392 ) (798,738,655 ) (741,819,916 ) % of Net sales 48.2 47.0 47.6 Gross margin 923,270,945 899,622,139 817,077,792 % of Net sales 51.8 53.0 52.4 MSD&A (1) (681,575,822 ) (668,783,480 ) (619,542,751 ) % of Net sales 38.2 39.4 39.7 Other operating income (expenses) 227,026,626 4,055,543 3,116,679 Adjusted operating result (2) 468,721,749 234,894,202 200,651,720 Change % 99.5 17.1 - % of Net sales 26.3 13.8 12.9 Net financial expense 32 (7,766,206 ) (19,115,361 ) (14,627,170 ) Equity and income of associates and joint ventures 16 (10,815,520 ) (8,914,097 ) (5,560,522 ) Foreign currency exchange differences 32 3,299,657 (2,563,019 ) 456,995 Results as per adjustment units 32 742,041 (110,539 ) (2,246,846 ) Other gains (losses) 31 4,029,627 (7,716,791 ) (8,345,907 ) Income before taxes 458,211,348 196,474,395 170,328,270 Tax income (expense) 24 (136,126,817 ) (48,365,976 ) (30,246,383 ) Net income for year 322,084,531 148,108,419 140,081,887 Non-controlling interests 28 15,193,739 18,501,066 21,624,399 Net income attributable to equity holders of the parent 306,890,792 129,607,353 118,457,488 Depreciation and amortization 29 93,289,194 92,199,504 83,528,045 ORBDA (3) 562,010,943 327,093,706 284,179,765 Change % 71.8 15.1 - % of Net sales 31.5 19.3 18.2 (*) The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C ), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. See definition of (1), (2) and (3) in information as per Operating segment under this Note. The following is a reconciliation of our Net income, the main comparable IFRS measure to Adjusted Operating Result for the years ended December 31, 2018, 2017 and 2016 : For the years ended December 31, 2018 (*) 2017 2016 ThCh$ ThCh$ ThCh$ Net income of year 322.084.531 148,108,419 140,081,887 Add (Subtract): Other gains (losses) (4.029.627 ) 7,716,791 8,345,907 Finance income (15.794.456 ) (5,050,952 ) (5,680,068 ) Finance costs 23.560.662 24,166,313 20,307,238 Share of net loss of joint ventures and associates accounted for using the equity method 10.815.520 8,914,097 5,560,522 Foreign currency exchange differences (3.299.657 ) 2,563,019 (456,995 ) Result as per adjustment units (742.041 ) 110,539 2,246,846 Tax income (expense) 136.126.817 48,365,976 30,246,383 Adjusted operating result 468.721.749 234,894,202 200,651,720 Depreciation and amortization 93.289.194 92,199,504 83,528,045 ORBDA 562.010.943 327,093,706 284,179,765 (*) The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C ), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. The following is a reconciliation of the consolidated amounts presented for MSD&A with the comparable amounts presented on the face of our consolidated statement of income: For the years ended December 31. 2018 2017 2016 ThCh$ ThCh$ ThCh$ Consolidated statement of income Distribution costs (314,391,183 ) (290,227,129 ) (270,835,822 ) Administrative expenses (152,376,458 ) (142,514,649 ) (155,322,295 ) Other expenses by function (216,236,609 ) (238,704,061 ) (195,412,109 ) Other expenses included in ´Other expenses by function´ 1,428,428 2,662,359 2,027,475 Total MSD&A (681,575,822 ) (668,783,480 ) (619,542,751 ) Segment information by joint ventures and associates The Administration of the Company review the financial situation and result of the all of their joint ventures and associated that is described in Note 16 – Investments accounted for using equity method . |
Financial Instruments
Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Financial instruments [Abstract] | |
Disclosure of financial instruments [text block] | Note 7 Financial Instruments Financial instruments categories The carrying amounts of each financial instrument category as of each year-end are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 11,522,482 - 3,158,391 - Market securities and investments in other companies 11,010,433 - 7,565,805 - Derivative hedge assets 212,554 3,325,079 - 1,918,191 Total other financial assets 22,745,469 3,325,079 10,724,196 1,918,191 Accounts receivable - trade and other receivable (net) 320,702,339 3,363,123 286,213,598 3,974,395 Accounts receivable from related parties 3,048,841 190,865 5,810,764 258,471 Total accounts receivables 323,751,180 3,553,988 292,024,362 4,232,866 Sub-Total financial assets 346,496,649 6,879,067 302,748,558 6,151,057 Cash and cash equivalents 319,014,050 - 170,044,602 - Total financial assets 665,510,699 6,879,067 472,793,160 6,151,057 Bank borrowings 38,160,178 75,200,804 24,623,746 73,886,831 Bonds payable 4,081,175 135,281,303 3,306,135 69,476,612 Financial leases obligations 365,972 17,546,162 176,586 17,638,289 Deposits for return of bottles and containers 13,967,995 - 13,228,328 - Total financial liabilities measured at amortized cost 56,575,320 228,028,269 41,334,795 161,001,732 Derivative financial instruments 4,997,124 - 10,416,675 - Derivative hedge liabilities 1,194,502 157,028 1,840,188 - Total financial derivative liabilities 6,191,626 157,028 12,256,863 - Total other financial liabilities (*) 62,766,946 228,185,297 53,591,658 161,001,732 Account payable- trade and other payable 303,380,168 12,413 281,681,553 541,783 Accounts payable to related parties 6,936,910 - 10,069,043 - Total commercial obligations and other accounts payable 310,317,078 12,413 291,750,596 541,783 Total financial liabilities 373,084,024 228,197,710 345,342,254 161,543,515 (*) See Note 21 - Other financial liabilities . Fair value of Financial instrument s The following tables show fair values, based on financial instrument categories, compared to the carrying amount included in the Consolidated Statements of Financial Position: a) Financial assets and liabilities are detailed as follows: As of December 31, 2018 As of December 31, 2017 Book Value Fair Value Book Value Fair Value ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 11,522,482 11,522,482 3,158,391 3,158,391 Market securities and investments in other companies 11,010,433 11,010,433 7,565,805 7,565,805 Derivative hedge assets 3,537,633 3,537,633 1,918,191 1,918,191 Total other financial assets 26,070,548 26,070,548 12,642,387 12,642,387 Accounts receivable - trade and other receivable (net) 324,065,462 324,065,462 290,187,993 290,187,993 Accounts receivable from related parties 3,239,706 3,239,706 6,069,235 6,069,235 Total accounts receivables 327,305,168 327,305,168 296,257,228 296,257,228 Sub-Total financial assets 353,375,716 353,375,716 308,899,615 308,899,615 Cash and cash equivalents 319,014,050 319,014,050 170,044,602 170,044,602 Total financial assets 672,389,766 672,389,766 478,944,217 478,944,217 Bank borrowings 113,360,982 117,211,707 98,510,577 102,062,465 Bonds payable 139,362,478 187,276,391 72,782,747 79,559,896 Financial leases obligations 17,912,134 24,278,897 17,814,875 29,314,234 Deposits for return of bottles and containers 13,967,995 13,967,995 13,228,328 13,228,328 Total financial liabilities measured at amortized cost 284,603,589 342,734,990 202,336,527 224,164,923 Derivative financial instruments 4,997,124 4,997,124 10,416,675 10,416,675 Derivative hedge liabilities 1,351,530 1,351,530 1,840,188 1,840,188 Total financial derivative liabilities 6,348,654 6,348,654 12,256,863 12,256,863 Total other financial liabilities (*) 290,952,243 349,083,644 214,593,390 236,421,786 Account payable- trade and other payable 303,392,581 303,392,581 282,223,336 282,223,336 Accounts payable to related parties 6,936,910 6,936,910 10,069,043 10,069,043 Total commercial obligations and other accounts payable 310,329,491 310,329,491 292,292,379 292,292,379 Total financial liabilities 601,281,734 659,413,135 506,885,769 528,714,165 (*) See Note 21 - Other financial liabilities . The carrying amount of current accounts receivable, cash and cash equivalents and other financial assets and liabilities approximate their fair value due to their short-term nature, and in the case of accounts receivable, due to the fact that any collection loss is already reflected in the impairment loss provision. The fair value of non-derivative financial assets and liabilities that are not quoted in active markets are estimated through the use of discounted cash flows calculated on market variables observed as of the date of the financial statements. The fair value of derivative instruments is estimated through the discount of future cash flows, determined according to information observed in the market or to variables and prices obtained from third parties. The fair value of bank borrowings and Bonds payable has hierarchy level 2 of fair value. b) Financial instruments by category: Fair value with changes in income Financial assets measured at amortized cost Hedge derivatives Total As of December 31, 2018 ThCh$ ThCh$ ThCh$ ThCh$ Financial assets Derivative financial instruments 11,522,482 - - 11,522,482 Marketable securities and investments in other companies 11,010,433 - - 11,010,433 Derivative hedge assets - - 3,537,633 3,537,633 Total other financial assets 22,532,915 - 3,537,633 26,070,548 Cash and cash equivalents - 319,014,050 - 319,014,050 Trade and other receivable (net) - 324,065,462 - 324,065,462 Accounts receivable from related parties - 3,239,706 - 3,239,706 Total financial assets 22,532,915 646,319,218 3,537,633 672,389,766 As of December 31, 2018 Fair value with changes in income Hedge derivatives Financial liabilities measured at amortized cost Total ThCh$ ThCh$ ThCh$ ThCh$ Financial liabilities Bank borrowings - - 113,360,982 113,360,982 Bonds payable - - 139,362,478 139,362,478 Financial leases obligations - - 17,912,134 17,912,134 Deposits for return of bottles and containers - - 13,967,995 13,967,995 Derivative financial instruments 4,997,124 - - 4,997,124 Derivative hedge liabilities - 1,351,530 - 1,351,530 Total other financial liabilities 4,997,124 1,351,530 284,603,589 290,952,243 Account payable- trade and other payable - - 303,392,581 303,392,581 Accounts payable to related parties - - 6,936,910 6,936,910 Total financial liabilities 4,997,124 1,351,530 594,933,080 601,281,734 As of December 31, 2017 Fair value with changes in income Financial assets measured at amortized cost Hedge derivatives Total ThCh$ ThCh$ ThCh$ ThCh$ Financial assets Derivative financial instruments 3,158,391 - - 3,158,391 Marketable securities and investments in other companies 7,565,805 - - 7,565,805 Derivative hedge assets - - 1,918,191 1,918,191 Total other financial assets 10,724,196 - 1,918,191 12,642,387 Cash and cash equivalents - 170,044,602 - 170,044,602 Trade and other receivable (net) - 290,187,993 - 290,187,993 Accounts receivable from related parties - 6,069,235 - 6,069,235 Total financial assets 10,724,196 466,301,830 1,918,191 478,944,217 As of December 31, 2017 Fair value with changes in income Hedge derivatives Financial liabilities measured at amortized cost Total ThCh$ ThCh$ ThCh$ ThCh$ Financial liabilities Bank borrowings - - 98,510,577 98,510,577 Bonds payable - - 72,782,747 72,782,747 Financial leases obligations - - 17,814,875 17,814,875 Deposits for return of bottles and containers - - 13,228,328 13,228,328 Derivative financial instruments 10,416,675 - - 10,416,675 Derivative hedge liabilities - 1,840,188 - 1,840,188 Total other financial liabilities 10,416,675 1,840,188 202,336,527 214,593,390 Account payable- trade and other payable - - 282,223,336 282,223,336 Accounts payable to related parties - - 10,069,043 10,069,043 Total financial liabilities 10,416,675 1,840,188 494,628,906 506,885,769 Derivative Instruments The detail of maturities, number of derivative agreements, contracted nominal amounts, fair values and the classification of such derivative instruments by type of agreement at the closing of each year are detailed as follows: As of December 31, 2018 As of December 31, 2017 Number agreegments Nominal amounts thousand Asset Liability Number agreegments Nominal amounts thousand Asset Liability ThCh$ ThCh$ ThCh$ ThCh$ Cross currency interest rate swaps CLP/USD 1 2,000 3,325,079 1,194,502 1 2,000 1,918,191 1,484,538 Less than a year - - 1,194,502 - - - 1,484,538 Between 1 and 5 years 2,000 3,325,079 - 2,000 1,918,191 - Cross currency interest rate swaps USD/EURO 1 11,600 212,554 157,028 1 7,872 - 355,650 Less than a year - 212,554 - 7,872 - 355,650 Between 1 and 5 years - 11,600 - 157,028 - - - - Total 2 3,537,633 1,351,530 2 1,918,191 1,840,188 Forwards USD 32 269,371 11,264,711 3,832,634 27 245,641 3,095,825 9,722,619 Less than a year 269,371 11,264,711 3,832,634 245,641 3,095,825 9,722,619 Forwards Euro 10 79,326 225,815 1,153,302 14 65,598 44,474 694,056 Less than a year 79,326 225,815 1,153,302 65,598 44,474 694,056 Forwards CAD 3 2,650 28,381 3,986 3 1,750 15,530 - Less than a year 2,650 28,381 3,986 1,750 15,530 - Forwards GBP 4 1,030 3,575 7,202 2 480 2,562 - Less than a year 4 1,030 3,575 7,202 480 2,562 - Total 49 11,522,482 4,997,124 46 3,158,391 10,416,675 Total instruments 51 15,060,115 6,348,654 48 5,076,582 12,256,863 These derivative agreements have been entered into as a hedge of exchange rate risk exposure. In the case of forwards, the Company does not comply with the formal requirements for hedging designation; consequently their effects are recorded in Income, in Other gains (losses). In the case of Cross Currency Interest Rate Swaps and the Cross Interest Rate Swaps, these qualify as cash flow hedges of the cash flows related to loans from Banco de Chile and Scotiabank Chile. See additional disclosures in Note 21 – Other financial liabilities . As of December 31, 2018 Entity Nature of risks covered Rights Obligations Fair value of net asset (liabilities) Currency Amount Currency Amount Amount Maturity ThCh$ ThCh$ ThCh$ Scotiabank Chile Flow interest rate and exchange rate on bank bonds USD 8,256,869 EUR 8,201,343 55,526 06-18-2021 Banco de Chile Flow interest rate on bank bonds UF 60,388,039 CLP 58,257,462 2,130,577 09-15-2021 As of December 31, 2017 Entity Nature of risks covered Rights Obligations Fair value of net asset (liabilities) Currency Amount Currency Amount Amount Maturity ThCh$ ThCh$ ThCh$ Scotiabank Chile Flow interest rate and exchange rate on bank bonds USD 4,860,845 EUR 5,216,495 (355,650 ) 06-18-2018 Banco de Chile Flow interest rate on bank bonds UF 60,640,827 CLP 60,207,174 433,653 09-15-2021 The Consolidated Statement of Other Comprehensive Income includes under the caption cash flow hedge, for the years ended December 31, 2018, a credit before income taxes of ThCh$ 63,008 (ThCh$ 5,661 and ThCh$ 84,962, in 2017 and 2016, respectively), related to the fair value of Cross Currency Interest Swap and Cross Interest Rate Swap derivatives instruments. Fair value hierarchies The financial instruments recorded at fair value in the Statement of Financial Position are classified as follows, depending on the method used to obtain their fair values: Level 1 Fair values obtained through direct reference to quoted market prices, without any adjustment. Level 2 Fair values obtained through the use of valuation models accepted in the market and based on prices other than those of Level 1, which may be directly or indirectly observed as of the measurement date (adjusted prices). Level 3 Fair values obtained through internally developed models or methodologies that use information which may not be observed or which is illiquid. The fair value of financial instruments recorded at fair value in the Consolidated Financial Statements, is detailed as follows: As of December 31, 2018 Recorded fair value Fair value hierarchy level 1 level 2 level 3 ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 11,522,482 - 11,522,482 - Market securities and investments in other companies 11,010,433 11,010,433 - - Derivative hedge assets 3,537,633 - 3,537,633 - Total other financial assets 26,070,548 11,010,433 15,060,115 - Derivative financial instruments 4,997,124 - 4,997,124 - Derivative hedge liabilities 1,351,530 - 1,351,530 - Total financial derivative liabilities 6,348,654 - 6,348,654 - As of December 31, 2017 Recorded fair value Fair value hierarchy level 1 level 2 level 3 ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 3,158,391 - 3,158,391 - Market securities and investments in other companies 7,565,805 7,565,805 - - Derivative hedge assets 1,918,191 - 1,918,191 - Total other financial assets 12,642,387 7,565,805 5,076,582 - Derivative financial instruments 10,416,675 - 10,416,675 - Derivative hedge liabilities 1,840,188 - 1,840,188 - Total financial derivative liabilities 12,256,863 - 12,256,863 - During the year ended as of December 31, 2018 , the Company has not made any significant instrument transfers between levels 1 and 2. Credit quality of financial assets The Company uses two credit assessment systems for its clients: a) Clients with loan insurance are assessed according to the external risk criteria (trade reports, non-compliance and protested documents that are available in the local market), payment capability and equity situation required by the insurance company to grant a loan coverage; b) All other the clients are assessed through an ABC risk model, which considers internal risk (non-compliance and protested documents), external risk (trade reports, non-compliance and protested documents that are available in the local market) and payment capacity and equity situation. The uncollectible rate during the last two years has not been significant. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2018 | |
Cash and Cash Equivalents [Abstract] | |
Disclosure of cash flow statement [text block] | Note 8 Cash and cash equivalents Cash and cash equivalent balances are detailed as follows: As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 ThCh$ ThCh$ ThCh$ Cash on hand 221,071 97,228 106,203 Bank balances 64,085,358 45,389,589 41,519,788 Cash 64,306,429 45,486,817 41,625,991 Time deposits 46,723,278 4,804,224 14,955,778 Securities purchased under resale agreements 196,319,058 102,695,758 75,447,904 Investments in mutual funds 10,194,222 16,586,749 24,772 Short term investments classified as cash equivalents 206,513,280 119,282,507 75,472,676 Cash equivalents 253,236,558 124,086,731 90,428,454 Overnight deposits 1,471,063 471,054 1,978,738 Total other cash and cash equivalents 1,471,063 471,054 1,978,738 Total 319,014,050 170,044,602 134,033,183 The composition of cash and cash equivalents by currency as of December 31, 2018 , is detailed as follows: Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Cash on hand 77,940 5,290 - 5,477 - - 132,364 - 221,071 Bank balances 39,692,222 17,550,277 954,640 1,039,825 548,975 2,495,748 1,127,401 676,270 64,085,358 Cash 39,770,162 17,555,567 954,640 1,045,302 548,975 2,495,748 1,259,765 676,270 64,306,429 Time deposits 24,755,756 - - 21,967,522 - - - - 46,723,278 Securities purchased under resale agreements 196,319,058 - - - - - - - 196,319,058 Investments in mutual funds - - - 10,194,222 - - - - 10,194,222 Short term investments classified as cash equivalents 196,319,058 - - 10,194,222 - - - - 206,513,280 Cash equivalents 221,074,814 - - 32,161,744 - - - - 253,236,558 Overnight deposits - 1,471,063 - - - - - - 1,471,063 Total other cash and cash equivalents - 1,471,063 - - - - - - 1,471,063 Total 260,844,976 19,026,630 954,640 33,207,046 548,975 2,495,748 1,259,765 676,270 319,014,050 The composition of cash and cash equivalents by currency as of December 31, 2017 , is detailed as follows: Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Cash on hand 75,623 16,154 - 5,451 - - - - 97,228 Bank balances 30,110,816 4,691,411 182,966 1,391,103 718,348 7,758,211 - 536,734 45,389,589 Cash 30,186,439 4,707,565 182,966 1,396,554 718,348 7,758,211 - 536,734 45,486,817 Time deposits 4,804,224 - - - - - - - 4,804,224 Securities purchased under resale agreements 102,695,758 - - - - - - - 102,695,758 Investments in mutual funds - - - 16,586,749 - - - - 16,586,749 Short term investments classified as cash equivalents 102,695,758 - - 16,586,749 - - - - 119,282,507 Cash equivalents 107,499,982 - - 16,586,749 - - - - 124,086,731 Overnight deposits - 471,054 - - - - - - 471,054 Total other cash and cash equivalents - 471,054 - - - - - - 471,054 Total 137,686,421 5,178,619 182,966 17,983,303 718,348 7,758,211 - 536,734 170,044,602 The composition of cash and cash equivalents by currency as of December 31, 2016 , is detailed as follows: Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Cash on hand 100,921 788 - 4,494 - - - - 106,203 Bank balances 27,164,330 6,479,095 786,887 2,158,115 1,136,783 3,291,550 - 503,028 41,519,788 Cash 27,265,251 6,479,883 786,887 2,162,609 1,136,783 3,291,550 - 503,028 41,625,991 Time deposits 14,754,416 - - 201,362 - - - - 14,955,778 Securities purchased under resale agreements 75,447,904 - - - - - - - 75,447,904 Investments in mutual funds - - - 24,772 - - - - 24,772 Short term investments classified as cash equivalents 75,447,904 - - 24,772 - - - - 75,472,676 Cash equivalents 90,202,320 - - 226,134 - - - - 90,428,454 Overnight deposits - 1,978,738 - - - - - - 1,978,738 Total other cash and cash equivalents - 1,978,738 - - - - - - 1,978,738 Total 117,467,571 8,458,621 786,887 2,388,743 1,136,783 3,291,550 - 503,028 134,033,183 The composition of time deposits is detailed as follows: As of December 31, 2018: Financial entity Date of placement Due date Currency Amount Monthly interest rate (%) ThCh Banco de Chile 12-21-2018 01-30-2019 USD 486,812 3.50 Banco de Chile 12-24-2018 01-09-2019 CLP 1,250,613 0.21 Banco de Chile 12-26-2018 01-25-2019 USD 139,017 3.25 Banco de Chile 12-27-2018 01-25-2019 USD 62,548 2.75 Banco Francés - Argentina 12-07-2018 03-07-2019 ARS 5,921,330 0.53 Banco Francés - Argentina 12-12-2018 03-12-2019 ARS 5,110,766 0.50 Banco HSBC - Argentina 12-12-2018 03-12-2019 ARS 4,921,479 0.50 Banco Itaú - Argentina 11-07-2018 01-07-2019 ARS 6,013,947 0.58 Banco Santander - Chile 12-18-2018 01-10-2019 CLP 2,803,033 0.25 Banco Santander - Chile 12-19-2018 01-10-2019 CLP 10,010,400 0.26 Banco Santander - Chile 12-27-2018 01-24-2019 CLP 10,003,333 0.25 Total 46,723,278 As of December 31, 2017 : Financial entity Date of placement Due date Currency Amount Monthly interest rate (%) ThCh Banco Consorcio - Chile 12-20-2017 01-03-2018 CLP 4,804,224 0.24 Total 4,804,224 As of December 31, 2016: Financial entity Date of placement Due date Currency Amount Monthly interest rate (%) ThCh Banco Santander - Chile 12-27-2016 01-05-2017 CLP 1,250,550 0.33 Banco Santander - Chile 12-28-2016 01-10-2017 CLP 2,400,792 0.33 Banco Santander - Chile 12-29-2016 01-25-2017 CLP 5,701,292 0.34 Banco Santander - Chile 12-28-2016 01-26-2017 CLP 5,401,782 0.33 Banco Francés - Argentina 12-12-2016 01-11-2017 ARS 201,362 1.60 Total 14,955,778 The composition of Securities purchased under resale agreements is detailed as follows: As of December 31, 2018 : Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%) ThCh BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-17-2018 01-04-2019 CLP 6,807,616 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-20-2018 01-10-2019 CLP 3,552,994 0.23 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-21-2018 01-10-2019 CLP 1,196,505 0.23 BanChile Corredores de Bolsa S.A. Banco BICE - Chile 12-21-2018 01-10-2019 CLP 1,997,067 0.23 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-21-2018 01-10-2019 CLP 709,418 0.23 BanChile Corredores de Bolsa S.A. Banco de Chile 12-21-2018 01-10-2019 CLP 296,155 0.23 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-21-2018 01-10-2019 CLP 184,213 0.23 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-21-2018 01-16-2019 CLP 283,475 0.23 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-21-2018 01-16-2019 CLP 91,813 0.23 BanChile Corredores de Bolsa S.A. Banco de Chile 12-26-2018 01-15-2019 CLP 10,004,000 0.24 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-26-2018 01-10-2019 CLP 300,885 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-26-2018 01-10-2019 CLP 1,100,440 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-26-2018 01-10-2019 CLP 490,196 0.24 BanChile Corredores de Bolsa S.A. Banco de Chile 12-26-2018 01-10-2019 CLP 5,001,235 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2018 01-15-2019 CLP 3,500,840 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2018 01-15-2019 CLP 1,500,360 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-13-2018 01-14-2019 CLP 4,105,904 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-14-2018 01-02-2019 CLP 1,094,729 0.24 BancoEstado Corredores de Bolsa S.A. Banco del Estado de Chile 12-14-2018 01-02-2019 CLP 7,009,520 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-14-2018 01-02-2019 CLP 1,911,598 0.24 BancoEstado Corredores de Bolsa S.A. Banco Santander - Chile 12-14-2018 01-02-2019 CLP 415,536 0.24 BancoEstado Corredores de Bolsa S.A. Banco Security - Chile 12-14-2018 01-02-2019 CLP 5,690,513 0.24 BancoEstado Corredores de Bolsa S.A. Banco Santander - Chile 12-14-2018 01-30-2019 CLP 250,340 0.24 BancoEstado Corredores de Bolsa S.A. Banco Security - Chile 12-20-2018 01-30-2019 CLP 500,440 0.24 BancoEstado Corredores de Bolsa S.A. Scotiabank Chile 12-24-2018 01-10-2019 CLP 199,653 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-24-2018 01-10-2019 CLP 950,991 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-26-2018 01-30-2019 CLP 2,634,725 0.24 BancoEstado Corredores de Bolsa S.A. Banco del Estado de Chile 12-26-2018 01-30-2019 CLP 6,702,680 0.24 BancoEstado Corredores de Bolsa S.A. Scotiabank Chile 12-26-2018 01-30-2019 CLP 4,829,042 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-26-2018 01-30-2019 CLP 8,848,606 0.24 BancoEstado Corredores de Bolsa S.A. Banco Santander - Chile 12-26-2018 01-30-2019 CLP 6,560,550 0.24 BancoEstado Corredores de Bolsa S.A. Banco Itaú Corpbanca - Chile 12-26-2018 01-30-2019 CLP 1,650,525 0.24 BancoEstado Corredores de Bolsa S.A. Banco Security - Chile 12-26-2018 01-30-2019 CLP 4,881,954 0.24 BancoEstado Corredores de Bolsa S.A. Banco Consorcio 12-26-2018 01-30-2019 CLP 3,427,727 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-27-2018 01-15-2019 CLP 3,279,009 0.25 BancoEstado Corredores de Bolsa S.A. Banco del Estado de Chile 12-27-2018 01-15-2019 CLP 472,241 0.25 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-27-2018 01-10-2019 CLP 600,200 0.25 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-27-2018 01-15-2019 CLP 3,001,000 0.25 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 11-30-2018 01-04-2019 CLP 3,899,730 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 11-30-2018 01-04-2019 CLP 2,216,658 0.26 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 12-13-2018 01-02-2019 CLP 2,859,342 0.25 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 12-13-2018 01-30-2019 CLP 270,405 0.25 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-13-2018 01-16-2019 CLP 233,620 0.25 BBVA Corredores de Bolsa Ltda. Banco Security - Chile 12-13-2018 01-16-2019 CLP 1,969,680 0.25 BBVA Corredores de Bolsa Ltda. Banco de Chile 12-13-2018 01-02-2019 CLP 3,550,258 0.25 BBVA Corredores de Bolsa Ltda. Banco Santander - Chile 12-17-2018 01-02-2019 CLP 2,876,187 0.25 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-17-2018 01-02-2019 CLP 7,880,787 0.25 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-17-2018 01-16-2019 CLP 1,474,627 0.25 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-17-2018 01-16-2019 CLP 1,550,072 0.25 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-17-2018 01-16-2019 CLP 1,230,260 0.25 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-17-2018 01-02-2019 CLP 4,911,284 0.25 BBVA Corredores de Bolsa Ltda. Banco de Chile 12-19-2018 01-10-2019 CLP 6,881,358 0.26 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 12-19-2018 01-10-2019 CLP 7,941,664 0.26 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-19-2018 01-10-2019 CLP 3,822,988 0.26 BBVA Corredores de Bolsa Ltda. Banco Santander - Chile 12-19-2018 01-10-2019 CLP 4,451,265 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-19-2018 01-10-2019 CLP 1,963,352 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-19-2018 01-10-2019 CLP 185,620 0.26 BBVA Corredores de Bolsa Ltda. Banco Security - Chile 12-19-2018 01-10-2019 CLP 1,967,453 0.26 BBVA Corredores de Bolsa Ltda. Banco Security - Chile 12-19-2018 01-10-2019 CLP 895,503 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-24-2018 01-10-2019 CLP 4,802,350 0.26 BBVA Corredores de Bolsa Ltda. Banco Santander - Chile 12-24-2018 01-10-2019 CLP 2,602,140 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-24-2018 01-10-2019 CLP 2,501,517 0.26 BBVA Corredores de Bolsa Ltda. Banco de Chile 12-24-2018 01-09-2019 CLP 900,546 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-27-2018 01-30-2019 CLP 1,190,413 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-27-2018 01-10-2019 CLP 3,801,316 0.26 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-27-2018 01-15-2019 CLP 9,453,276 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-27-2018 01-09-2019 CLP 2,000,692 0.26 Total 196,319,058 (*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. As of December 31, 2017 : Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%) ThCh BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-12-2017 01-05-2018 CLP 369,413 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-14-2017 01-05-2018 CLP 144,116 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-14-2017 01-05-2018 CLP 6,006,912 0.24 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-14-2017 01-05-2018 CLP 196,591 0.24 BanChile Corredores de Bolsa S.A. Banco Itaú Corpbanca - Chile 12-14-2017 01-05-2018 CLP 970,704 0.24 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-14-2017 01-05-2018 CLP 3,796,772 0.24 BanChile Corredores de Bolsa S.A. Banco de Chile 12-22-2017 01-05-2018 CLP 3,672,751 0.25 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-26-2017 01-05-2018 CLP 2,910,394 0.24 BanChile Corredores de Bolsa S.A. Banco Itaú Corpbanca - Chile 12-26-2017 01-05-2018 CLP 1,591,406 0.24 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-12-2017 01-05-2018 CLP 2,935,603 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-22-2017 01-05-2018 CLP 2,631,974 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-04-2018 CLP 80,020 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-22-2017 01-03-2018 CLP 5,003,750 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-05-2018 CLP 2,750,688 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-05-2018 CLP 3,000,750 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-28-2017 01-05-2018 CLP 5,001,250 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-28-2017 01-05-2018 CLP 4,001,000 0.25 BancoEstado S.A. Corredores de Bolsa Banco Security - Chile 12-28-2017 01-05-2018 CLP 1,000,250 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Azul - Chile 12-28-2017 01-05-2018 CLP 1,000,250 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-10-2018 CLP 4,251,063 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-29-2017 01-10-2018 CLP 3,238,217 0.25 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-29-2017 01-10-2018 CLP 2,000,333 0.25 BancoEstado S.A. Corredores de Bolsa Banco Security - Chile 12-29-2017 01-10-2018 CLP 1,938,656 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-30-2018 CLP 1,250,313 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-29-2017 01-10-2018 CLP 340,057 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-22-2017 01-10-2018 CLP 2,628,752 0.25 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-22-2017 01-10-2018 CLP 1,974,698 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-15-2018 CLP 3,800,950 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-04-2018 CLP 950,238 0.25 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-22-2017 01-10-2018 CLP 1,000,750 0.25 BancoEstado S.A. Corredores de Bolsa Banco Internacional - Chile 12-28-2017 01-10-2018 CLP 944,884 0.25 BancoEstado S.A. Corredores de Bolsa Banco BICE - Chile 12-28-2017 01-10-2018 CLP 2,000,500 0.25 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-28-2017 01-10-2018 CLP 8,475,346 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-04-2018 CLP 225,056 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-30-2018 CLP 8,102,025 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-29-2017 01-10-2018 CLP 2,524,410 0.25 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-28-2017 01-10-2018 CLP 3,833,082 0.25 BBVA Corredores de Bolsa Ltda. Scotiabank Azul - Chile 12-27-2017 01-08-2018 CLP 1,700,567 0.25 BBVA Corredores de Bolsa Ltda. Scotiabank Azul - Chile 12-18-2017 01-18-2018 CLP 290,289 0.23 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-28-2017 01-30-2018 CLP 1,455,543 0.23 BBVA Corredores de Bolsa Ltda. Scotiabank Azul - Chile 12-28-2017 01-30-2018 CLP 2,425,349 0.23 Valores Security S.A. Corredores de Bolsa Banco Security - Chile 12-27-2017 01-10-2018 CLP 280,086 0.23 Total 102,695,758 (*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. As of December 31, 2016: Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%) ThCh BanChile Corredores de Bolsa S.A. Banco de Chile 12-28-2016 01-04-2017 CLP 3,531,124 0.32 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-28-2016 01-04-2017 CLP 3,602,675 0.32 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2016 01-04-2017 CLP 2,044,419 0.32 BanChile Corredores de Bolsa S.A. Banco Santander - Chile 12-28-2016 01-04-2017 CLP 674,935 0.32 BanChile Corredores de Bolsa S.A. Banco de Chile 12-28-2016 01-06-2017 CLP 1,679,525 0.32 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-28-2016 01-06-2017 CLP 1,205,429 0.32 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2016 01-06-2017 CLP 1,116,326 0.32 BanChile Corredores de Bolsa S.A. Banco de Chile 12-28-2016 01-16-2017 CLP 872,178 0.32 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-28-2016 01-16-2017 CLP 435,612 0.32 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2016 01-16-2017 CLP 1,865,909 0.32 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-28-2016 01-16-2017 CLP 1,241,355 0.32 BanChile Corredores de Bolsa S.A. Banco Santander - Chile 12-28-2016 01-16-2017 CLP 261,444 0.32 BanChile Corredores de Bolsa S.A. Banco de Chile 12-29-2016 01-06-2017 CLP 1,427,025 0.31 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-29-2016 01-06-2017 CLP 1,725,807 0.31 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-29-2016 01-06-2017 CLP 5,799,890 0.31 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-29-2016 01-06-2017 CLP 1,549,449 0.31 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-27-2016 01-03-2017 CLP 925,383 0.31 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-29-2016 01-06-2017 CLP 3,916,539 0.33 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-29-2016 01-06-2017 CLP 6,085,662 0.33 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-29-2016 01-10-2017 CLP 2,400,528 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-29-2016 01-10-2017 CLP 6,019,097 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-10-2017 CLP 3,933,092 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-10-2017 CLP 1,350,297 0.33 BancoEstado S.A. Corredores de Bolsa Banco BICE - Chile 12-29-2016 01-05-2017 CLP 105,017 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-10-2017 CLP 500,110 0.33 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-29-2016 01-10-2017 CLP 3,500,770 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-16-2017 CLP 4,000,880 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-20-2017 CLP 1,917,467 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-20-2017 CLP 82,974 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-03-2017 CLP 250,055 0.33 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-29-2016 01-05-2017 CLP 6,101,342 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-05-2017 CLP 725,160 0.33 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-30-2016 01-10-2017 CLP 1,600,149 0.28 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-30-2016 01-10-2017 CLP 3,000,280 0.28 Total 75,447,904 (*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. Payments for business acquisitions are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Total disbursement per business acquisition Other cash payment to acquire interests in joint ventures (1) 59,505,559 49,312,890 27,043,481 Cash flow used for control of subsidiaries or other business (2) 49,222,782 7,800,000 19,111,686 Cash flow used in the purchase of non-controling interests (3) - 1,149,689 2,174,370 Payment for changes in ownership interests in subidiaries (4) 5,819,495 - 641,489 Total 114,547,836 58,262,579 48,971,026 (1) Corresponds to payments of commited capital made between 2016 to 2018 in Central Cervecera de Colombia S.A.S. an d the acquisition in 2017 of 50% of Zona Franca Central Cervecera S.A.S. (see Note 16 – Investments accounted using equity method ). Additionally, in 2016, includes the amount paid in proportion to the creation of the company Promarca Internacional SpA. (See Note 1 – General information, letter E) ). (2) In 2018, through its subsidiary CCU Inversiones S.A. correspond to the acquisition of 15.79% of VSPT (see Note 1 – General information, letter D) ). In 2017, corresponds to the acquisition of 2.5% of interet in VSPT, through its subsidiary CCU Inversiones S.A. (see Note 1 – General information, letter D) ). In 2016, corresponds to the acquisition of an additional interest in Manantial S.A., through its subsidiaries Aguas CCU-Nestlé Chile S.A. and Embotelladoras Chilenas Unidas S.A. (see Note 1 – General information, letter D) ). (3) In 2017, mainly corresponds to the payment of 40% of the acquisitions of Americas Distilling Investment LLC. In 2016, corresponds to capital contributions in Bebidas Bolivianas BBO S.A. (4) Corresponds to the payment to obtain control of Bebidas Bolivianas BBO S.A. and Cervecera Guayacán SpA. (See Note 15 – Business combinations, letter a) and b) ). Additionally in 2016 includes the payment for ownership on Sajonia Brewing Company S.R.L. of Paraguay (see Note 15 – Business combinations, letter c) ). |
Other non-financial assets
Other non-financial assets | 12 Months Ended |
Dec. 31, 2018 | |
Other non financial assets [Abstract] | |
Disclosure Of Other Non Financial Assets Explanatory [Text Block] | Note 9 Other non-financial assets The Company maintained the following other non-financial assets: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Insurances paid 3,565,768 - 3,348,593 - Advertising 7,976,638 3,173,523 7,383,730 3,632,423 Advances to suppliers 4,695,341 - 3,643,691 - Prepaid expenses 1,685,096 1,705,693 583,165 755,703 Total advances 17,922,843 4,879,216 14,959,179 4,388,126 Guarantees paid 62,316 106,571 59,452 242,535 Consumables 393,234 - 446,565 - Dividends receivable 423,994 - 353,150 - Other 59,027 21,363 15,879 14,166 Total other assets 938,571 127,934 875,046 256,701 Total 18,861,414 5,007,150 15,834,225 4,644,827 Nature of each non-financial asset: a) Insurances paid: Annual payments for insurances policies are included, which are capitalized and then amortized according the term of the contract. b) Advertising: Corresponds to advertising and promotion contracts related to customers and advertising service providers, that promote our brands which are capitalized and then amortized according the term of the contract. c) Advances to suppliers: Payments made to suppliers mainly for assets constructions and purchases of property, plants and equipments. d) Prepaid expenses: Services paid in advance that give entitlement to benefits usually for a period of 12 months, they are reflected against result as they are accrued. e) Guarantees paid: It is the initial payment for the lease of goods required by the lessor to ensure compliance with the conditions stipulated in the contract. f) Materials to be consumed: Under this item are mainly included security supplies, clothing or supplies to be used in administrative offices, such as: eyeglasses, gloves, masks, aprons, etc. g) Dividends receivable: Dividends receivable from associates and joint ventures. |
Trade and other receivables
Trade and other receivables | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of trade and other receivables [Abstract] | |
Disclosure of trade and other receivables [text block] | Note 10 Trade and other receivables The trade and other receivables are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Chile operating segment 162,477,091 - 159,465,654 - International business operating segment 76,166,145 - 62,587,204 - Wines operating segment 51,478,501 - 40,284,490 - Total commercial debtors 290,121,737 - 262,337,348 - Impairment loss estimate (6,059,201 ) - (4,154,752 ) - Total commercial debtors - net 284,062,536 - 258,182,596 - Others accounts receivables (1) 36,639,803 3,363,123 28,031,002 3,974,395 Total other accounts receivable 36,639,803 3,363,123 28,031,002 3,974,395 Total 320,702,339 3,363,123 286,213,598 3,974,395 (1) As of December 31, 2018, this item mainly includes ThCh$ 1,392,650 in current and ThCh$ 1,240,461 (ThCh$ 2,411,833 in 2017) in non-current related to the account receivable from the sale of the 49% that subsidiary CPCh had in Compañía Pisquera Bauzá S.A. (see Note 14 – Non-current assets of disposal groups classifield as held for sale) . The Company’s accounts receivable are denominated in the following currencies: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Chilean Peso 191,979,443 183,948,334 Argentine Peso 67,553,470 55,526,379 US Dollar 34,113,849 27,810,990 Euro 10,152,559 9,326,882 Unidad de Fomento 2,678,592 2,590,736 Uruguayan Pesos 5,128,068 4,372,909 Paraguayan Guarani 8,774,244 5,495,532 Bolivian 1,340,388 - Others currencies 2,344,849 1,116,231 Total 324,065,462 290,187,993 The detail of the accounts receivable maturities as of December 31, 2018 , is detailed as follows: Overdue balances Total Current balance 0 a 3 months 3 a 6 months 6 a 12 months More than 12 months ThCh ThCh ThCh ThCh ThCh ThCh Chile operating segment 162,477,091 152,644,412 5,928,791 1,085,806 844,101 1,973,981 International business operating segment 76,166,145 63,419,349 9,546,370 1,092,229 701,571 1,406,626 Wines operating segment 51,478,501 44,304,213 6,248,007 272,721 305,811 347,749 Total commercial debtors 290,121,737 260,367,974 21,723,168 2,450,756 1,851,483 3,728,356 Impairment loss estimate (6,059,201 ) (148,214 ) (542,195 ) (600,433 ) (1,407,848 ) (3,360,511 ) Total commercial debtors - net 284,062,536 260,219,760 21,180,973 1,850,323 443,635 367,845 Others accounts receivables 36,639,803 36,056,454 321,767 162,295 99,233 54 Total other accounts receivable 36,639,803 36,056,454 321,767 162,295 99,233 54 Total current 320,702,339 296,276,214 21,502,740 2,012,618 542,868 367,899 Others accounts receivables 3,363,123 3,363,123 - - - - Total non-current 3,363,123 3,363,123 - - - - The detail of the accounts receivable maturities as of December 31, 2017 , is detailed as follows: Overdue balances Total Current balance 0 a 3 months 3 a 6 months 6 a 12 months More than 12 months ThCh ThCh ThCh ThCh ThCh ThCh Chile operating segment 159,465,654 150,256,296 4,960,461 1,037,876 1,358,009 1,853,012 International business operating segment 62,587,204 56,180,536 4,978,409 595,173 318,551 514,535 Wines operating segment 40,284,490 36,270,918 3,347,465 219,135 224,487 222,485 Total commercial debtors 262,337,348 242,707,750 13,286,335 1,852,184 1,901,047 2,590,032 Impairment loss estimate (4,154,752 ) - (421,560 ) (695,114 ) (1,001,699 ) (2,036,379 ) Total commercial debtors - net 258,182,596 242,707,750 12,864,775 1,157,070 899,348 553,653 Others accounts receivables 28,031,002 27,768,858 97,052 165,092 - - Total other accounts receivable 28,031,002 27,768,858 97,052 165,092 - - Total current 286,213,598 270,476,608 12,961,827 1,322,162 899,348 553,653 Others accounts receivables 3,974,395 3,974,395 - - - - Total non-current 3,974,395 3,974,395 - - - - The Company markets its products through wholesale customers, retail and supermarket chains. As of December 31, 2018 , the accounts receivable from the three most important supermarket chains in Chile and Argentina represent 27.3% (28.1% in 2017 ) of the total accounts receivable. As indicated in the Risk management note (See Note 5 – Risk administration ), for Credit Risk purposes, the Company acquires credit insurance policies to cover approximately 90% and 99% of the significant accounts receivable balances domestic and export, respectively, of the total of the account receivables. Regarding amounts aged more than 6 months and for which no allowances have been constituted, they correspond mainly to amounts already covered by the credit insurance policies. In addition, there are amounts overdue within ranges for which, in accordance with current policies are only partially impaired for, based on a case by case analysis. The general criteria for the determination of the provision for impairment has been established in the framework of IFRS 9, which requires analysing the behavior of the client portfolio in the long term in order to generate an expected credit loss index by tranches based on the age of the portfolio. This analysis delivered the following results for the Company: Overdue balances Current balance 0 a 3 months 3 a 6 months 6 a 12 months More than 12 months % Impairment loss estimate by stretch 0.10 4.30 32.60 100.00 100.00 The percentage of impairment determined for the portfolio in each court may differ from the direct application of the previously presented parameters because these percentages are applied to the uncovered portfolio of credit insurance that the Company takes. Past due balances over 6 months and for which no estimates have been made for impairment losses, correspond mainly to items protected by credit insurance. Additionally, there are expired amounts in this stretch, which according to the policy, partial losses due to impairment are estimated based on an individual case-by-case analysis. For the above mentioned, management estimates that it does not require establishing allowances for further impairment, in addition to those already constituted based on an aging analysis of these balances. The write-offs of our doubtful clients are once all pre-trial and judicial, efforts have been made and exhausted all means of payment, with the proper demonstration of the insolvency of customers. This process of write off normally takes more than 1 year. The movement of the impairment losses provision for accounts receivable is as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Balance at the beginning of year (4,154,752 ) (3,837,914 ) First application effect IFRS 9 (192,377 ) - Initial balance restated (4,347,129 ) (3,837,914 ) Impairment estimate for accounts receivable (1,697,861 ) (1,948,264 ) Uncollectible accounts 527,545 634,256 Add back of unused provisions 448,056 832,704 Estimates resulting from business combinations (1) (1,354,559 ) - Effect of translation into presentation currency 364,747 164,466 Total (6,059,201 ) (4,154,752 ) (1) See Note 15 – Business Combinations . |
Accounts and transactions with
Accounts and transactions with related parties | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Transactions and outstanding balances for related party [Abstract] | |
Disclosure Of Transactions And Outstanding Balances For Related Party Explanatory [Text Block] | Note 11 Accounts and transactions with related parties Transactions between the Company and its subsidiaries occur in the normal course of operations and have been eliminated during the consolidation process. The amounts indicated as transactions in the following table relate to trade operations with related parties, which are under similar terms than what a third party would get respect to price and payment conditions. There are no uncollectible estimates decreasing accounts receivable or guarantees provided to related parties. Conditions of the balances and transaccions with related parties: (1) Business operations agreed upon Chilean peso with a payment condition usually up to 30 days. (2) Business operations agreed upon in foreign currencies and with a payment condition up to 30 days. Balances are presented at the closing exchange rate. (3) An agreement between the subsidiary Compañía Pisquera de Chile S.A. with Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. due to differences resulting from the contributions made by the latter. It establishes a 3% annual interest over capital, with annual payments to be made in eight instalments of UF 1,124 each. Beginning February 28, 2007 and UF 9,995 bullet payment at the last contribution date. In accordance with the contract, Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. renewed the contract for a period of nine years with maturing in the year 2023. Consequently, the UF 9,995 will be paid in nine equal and successive instalments of UF 1,200 each and a final payment of UF 2,050, beginning on February 28, 2015. (4) An agreement of grape supply between the subsidiary Compañía Pisquera de Chile S.A. and Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. These contracts stipulate a 3% annual interest on the capital, with a term of eight years, and annual payments to expire on the following dates: May 31, 2018, May 31, 2019 and May 31, 2020. (5) Business operations agreed upon in Chilean Pesos that will accrue a TAB interest rate to 30 days plus a spread of 0.78% annual. The transaction table includes the main transactions made with related parties. The detail of the accounts receivable and payable from related parties as of December 31, 2018 and 2017, are detailed as follows: Accounts receivable from related parties Current: Tax ID Company Country of origin Ref. Relationship Transaction Currency As of December 31, 2018 As of December 31, 2017 ThCh ThCh 6,062,786-K Andrónico Luksic Craig Chile (1) Chairman of CCU Sales of products CLP - 1,207 6,372,368-1 Jean Paul Luksic Chile (1) Director of company related to the controller Sales of products CLP - 464 14,534,777-7 Hubert Porte Chile (1) Director of company related to the controller Sales of products CLP - 2,095 76,029,109-9 Inversiones Chile Chico Ltda. Chile (1) Related to the controller's shareholder Services provided CLP 2,959 2,253 76,035,409-0 Cervecera Guayacán SpA. Chile (1) Associate of subsidiary (until July 2018) Sales of products CLP - 80,298 76,079,669-7 Minera Antucoya Chile (1) Related to the controller's shareholder Sales of products CLP 161 355 76,111,872-2 Inversiones Tv Medios Ltda. Chile (1) Related to the controller Sales of products CLP 33 - 76,115,132-0 Canal 13 SpA. Chile (1) Related to the controller's shareholder Sales of products CLP 51 - 76,178,803-5 Viña Tabalí S.A. Chile (1) Related to the controller's shareholder Services provided CLP 51,667 40,965 76,178,803-5 Viña Tabalí S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 153 - 76,363,269-5 Inversiones Alabama Ltda. Chile (1) Related to the controller's shareholder Sales of products CLP 738 - 76,380,217-5 Hapag-Lloyd Chile SpA. Chile (1) Related to the controller's shareholder Sales of products CLP 141 - 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Services provided CLP 2,869 - 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Sales of products CLP 23,090 15,009 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Remittanse send CLP 495 - 76,481,675-7 Cervecería Szot SpA. Chile (5) Associate of subsidiary Loan CLP 50,000 - 76,486,051-9 Inversiones Río Elqui SpA. Chile (1) Related to the controller's shareholder Sales of products CLP 24,029 - 76,727,040-2 Minera Centinela Chile (1) Related to the controller's shareholder Sales of products CLP 608 781 76,806,870-4 Transacciones e Inv. Arizona S.A. Chile (1) Related to the controller Sales of products CLP 11 - 77,051,330-8 Cervecería Kunstmann Ltda. Chile (1) Related to non-controlling subsidiary Sales of products CLP 101,664 245,385 77,755,610-K Comercial Patagona Ltda. Chile (1) Subsidiary of joint venture Sales of products CLP 1,222,832 667,195 78,105,460-7 Alimentos Nutrabien S.A. Chile (1) Subsidiary of joint venture (until november 2018) Sales of products CLP - 151 78,259,420-6 Inversiones PFI Chile Ltda. Chile (1) Shareholder of joint operation Services provided CLP 751,805 2,997,036 78,259,420-6 Inversiones PFI Chile Ltda. Chile (1) Shareholder of joint operation Sales of products CLP - 402,666 81,148,200-5 Ferrocarril de Antofagasta a Bolivia S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 5,070 3,457 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (1) Shareholder of subsidiary Advance purchase CLP 14,393 14,393 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (4) Shareholder of subsidiary Supply contract UF 47,082 77,929 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (3) Shareholder of subsidiary Loan UF 32,149 31,191 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (1) Shareholder of subsidiary Sales of products CLP 1,478 - 90,081,000-8 Compañía Chilena de Fósforos S.A. Chile (1) Shareholder of subsidiary (until January 2018) Sales of products CLP - 2,893 90,160,000-7 Compañía Sud Americana de Vapores S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 1,264 165 91,021,000-9 Invexans S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 33 3,713 91,705,000-7 Quiñenco S.A. Chile (1) Controller's Shareholder Sales of products CLP 3,929 2,759 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 4,384 4,341 92,048,000-4 SAAM S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 149 83 93,920,000-2 Antofagasta Minerals S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 3,167 2,640 94,625,000-7 Inversiones Enex S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 195,720 234,880 96,427,000-7 Inversiones y Rentas S.A. Chile (1) Controller Services provided CLP 3,465 3,465 96,536,010-7 Inversiones Consolidadas Ltda. Chile (1) Related to the controller Sales of products CLP 853 121 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 3,545 514 96,591,040-9 Empresas Carozzi S.A. Chile (1) Shareholder of joint operation Sales of products CLP - 76,635 96,645,790-2 Socofin S.A. Chile (1) Related to the controller's shareholder Sales of products CLP - 2,395 96,767,630-6 Banchile Administradora General de Fondos S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 315 67 96,790,240-3 Minera Los Pelambres Chile (1) Related to the controller's shareholder Sales of products CLP 300 659 96,819,020-2 Agrícola El Cerrito S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 11 - 96,847,140-6 Inmobiliaria Norte Verde S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 33 - 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Services provided CLP 139,647 74,387 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Remittanse send CLP 2,923 - 96,922,250-7 Agrícola Valle Nuevo S.A. Chile (1) Related to the controller Sales of products CLP 33 - 97,004,000-5 Banco de Chile Chile (1) Related to the controller's shareholder Sales of products CLP 44,604 62,816 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Remittanse send CLP 20,035 4,334 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Services provided CLP 269,946 685,412 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Sales of products CLP 11,071 16,654 96,951,040-5 Inversiones Rosario S.A. Chile (1) Related to the controller Sales of products CLP 22 - 0-E Bebidas Bolivianas BBO S.A. Bolivia (2) Associate (until July 2018) Sales of products USD - 30,791 0-E Central Cervecera de Colombia S.A.S. Colombia (2) Joint venture Sales of products USD 9,480 9,248 0-E Gráfica Editorial Intersudamericana S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG - 220 0-E Palermo S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG - 8,247 0-E Paraguay Soccer S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG - 85 0-E QSR S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG 434 410 Total 3,048,841 5,810,764 Non Current: Tax ID Company Country of origin Ref. Relationship Transaction Currency As of December 31, 2018 As of December 31, 2017 ThCh ThCh 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (3) Shareholder of subsidiary Loan UF 143,783 166,928 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (4) Shareholder of subsidiary Supply contract UF 47,082 91,543 Total 190,865 258,471 Accounts payable to related parties Current: Tax ID Company Country of origin Ref. Relationship Transaction Currency As of December 31, 2018 As of December 31, 2017 ThCh ThCh 76,115,132-0 Canal 13 SpA. Chile (1) Related to the controller's shareholder Services received CLP 277,515 196,805 76,380,217-5 Hapag-Lloyd Chile SpA. Chile (1) Related to the controller's shareholder Services received CLP 32,646 54,194 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Purchase of products CLP 2,199 17,288 77,051,330-8 Cervecería Kunstmann Ltda. Chile (1) Related to non-controlling subsidiary Services received CLP 8,704 13,733 77,755,610-K Comercial Patagona Ltda. Chile (1) Subsidiary of joint venture Services received CLP 92,129 106,671 78,053,790-6 Servipag Ltda. Chile (1) Related to the controller's shareholder Services received CLP 4,218 - 78,105,460-7 Alimentos Nutrabien S.A. Chile (1) Subsidiary of joint venture (until november 2018) Purchase of products CLP - 543 78,259,420-6 Inversiones PFI Chile Ltda. Chile (1) Shareholder of joint operation Purchase of products CLP 1,160,168 958,293 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (1) Shareholder of subsidiary Purchase of products CLP 417 37,433 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile (1) Related to the controller's shareholder Purchase of products CLP 44,239 139,373 92,048,000-4 SAAM S.A. Chile (1) Related to the controller's shareholder Services received CLP - 123 94,058,000-5 Servicios Aeroportuarios Aerosan S.A. Chile (1) Related to the controller's shareholder Services received CLP 1,711 2,025 96,591,040-9 Empresas Carozzi S.A. Chile (1) Shareholder of joint operation Purchase of products CLP 736,974 1,595,771 94,625,000-7 Inversiones Enex S.A. Chile (1) Related to the controller's shareholder Services received CLP 76 76 96,689,310-9 Transbank S.A. Chile (1) Related to the controller's shareholder Services received CLP 5,868 3,462 96,798,520-1 Saam Extraportuarios S.A. Chile (1) Related to the controller's shareholder Services received CLP 17,201 1,971 96,810,030-0 Radiodifusión SpA. Chile (1) Related to the controller's shareholder Services received CLP 41,170 55,244 96,908,970-K San Antonio Terminal Internacional S.A. Chile (1) Related to the controller's shareholder Services received CLP 15,724 7,541 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Remittanse received CLP 7,869 - 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Purchase of products CLP 1,204,662 1,152,343 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Royalty CLP 109,091 - 96,953,410-K Artikos Chile S.A. Chile (1) Related to the controller's shareholder Services received CLP - 137 97,004,000-5 Banco de Chile Chile (1) Related to the controller's shareholder Services received CLP 1,244 22,730 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Remittanse received CLP 46,708 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Purchase of products CLP 19,920 17,406 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Consignation sales CLP 211,985 233,565 0-E Bebidas Bolivianas BBO S.A. Bolivia (2) Associate (until July 2018) Services received USD - 44,451 0-E Ecor Ltda. Bolivia (2) Related to the subsidiary's shareholder Services received BOB 11,879 - 0-E Central Cervecera de Colombia S.A.S. Colombia (2) Joint venture Services received USD 24,449 14,199 0-E Nestlé Waters Marketing & Distribution France (2) Related to the subsidiary's shareholder Purchase of products Euros 12,256 - 0-E Amstel Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder License and technical assistance Euros 120,726 66,583 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder Purchase of products USD 1,044,963 1,241,991 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder License and technical assistance Euros 1,486,100 1,349,472 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder Royalty USD 12,879 2,586,380 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder Services received USD 1,025 1,025 0-E Banco Amambay S.A. Paraguay (2) Related to the subsidiary's shareholder Services received PYG - 148 0-E Banco BASA S.A. Paraguay (2) Related to the subsidiary's shareholder Services received PYG 18 - 0-E Emprendimientos Hoteleros S.A.E.C.A Paraguay (2) Related to the subsidiary's shareholder Services received PYG 11,249 8,481 0-E Gráfica y Editorial Intersuda S.A. Paraguay (2) Related to the subsidiary's shareholder Purchase of products PYG - 448 0-E Watt's Alimentos S.A. Paraguay (2) Related joint venture shareholder Purchase of products USD 106,531 92,566 0-E Societé des Produits Nestlé S.A. Switzerland (2) Related to the subsidiary's shareholder Royalty CHF 62,397 46,572 Total 6,936,910 10,069,043 Most significant transactions and effects on results: As of December 31, 2018 and 2017 the most significant transactions with related parties that are not subsidiaries of the Company and their effect on the Consolidated Statement of Income are detailed as follows: 2018 2017 Tax ID Company Country of origin Relationship Transaction Amounts (Charges)/Credits (Effect on Income) Amounts (Charges)/Credits (Effect on Income) ThCh ThCh ThCh ThCh 76,079,669-7 Minera Antucoya Chile Related to the controller's shareholder Sales of products 2,045 1,636 1,501 1,200 76,178,803-5 Viña Tabali S.A. Chile Related to the controller's shareholder Services provided 90,214 90,214 85,931 85,931 76,115,132-0 Canal 13 SpA. Chile Related to the controller's shareholder Advertising 2,641,844 (2,641,844 ) 2,064,067 (2,064,067 ) 76,313,970-0 Inversiones Irsa Ltda. Chile Related to the controller Dividends paid 4,522,295 - 4,457,428 - 76,481,675-7 Cervecería Szot SpA. Chile Associate of subsidiary Capital contribution - - 52,771 - 76,553,712-6 Heliservicios S.A. Chile Related to the controller Services received - - 17,760 (17,760 ) 76,727,040-2 Minera Centinela Chile Related to the controller's shareholder Sales of products 7,246 5,797 5,085 4,068 77,051,330-8 Cervecería Kunstmann Ltda Chile Related to non-controlling subsidiary Services received 113,507 (113,507 ) 152,578 (152,578 ) 77,051,330-8 Cervecería Kunstmann Ltda. Chile Related to non-controlling subsidiary Sales of products 773,056 589,466 640,590 484,283 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Sales of products 5,777,863 3,466,718 4,807,422 2,884,453 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Services received 405,845 (405,845 ) 355,279 (355,279 ) 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Purchase of products 12,726,958 - 11,062,488 - 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Services provided 2,756,584 2,756,584 3,154,653 3,154,653 79,985,340-K Cervecera Valdivia S.A. Chile Shareholder of subsidiary Dividends paid 990,073 - 818,433 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Loan 26,483 5,826 25,204 6,467 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Purchase of grape 5,358,014 - 4,855,607 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Dividends paid 768,325 - 637,313 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Sales of products 3,731 2,985 4,727 3,782 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Supply contract 73,994 4,750 70,839 6,604 90,703,000-8 Nestlé Chile S.A. Chile Shareholder of subsidiary Dividends paid 3,922,143 - 4,158,228 - 91,705,000-7 Quiñenco S.A. Chile Controller's Shareholder Sales of products 20,362 16,290 15,941 12,753 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Services received 277,482 (277,482 ) 298,865 (298,865 ) 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Purchase of products 227,106 (227,106 ) 260,177 (260,177 ) 93,920,000-2 Antofagasta Minerals S.A. Chile Related to the controller's shareholder Sales of products 34,966 27,973 33,441 26,753 94,625,000-7 Inversiones Enex S.A. Chile Related to the controller's shareholder Sales of products 1,474,819 1,179,855 1,445,395 1,156,316 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Office lease 9,106 9,106 9,622 9,622 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Dividends paid 35,137,554 - 34,633,542 - 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Related to the controller's shareholder Investments 1,231,060,000 - 645,420,000 - 96,571,220-8 Banchile Corredora de Bolsa S.A. Chile Related to the controller's shareholder Investment Rescue 1,220,115,263 1,225,263 654,640,312 720,312 96,591,040-9 Empresas Carozzi S.A Chile Related joint venture Sales of products 35,820 28,656 91,198 72,958 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Sales of products 1,095 876 1,150 920 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Services received 87,394 (87,394 ) 83,946 (83,946 ) 96,689,310-9 Transbank S.A. Chile Related to the controller's shareholder Commission 167,149 (167,149 ) 131,269 (131,269 ) 96,798,520-1 SAAM Extraportuario S.A Chile Related to the controller's shareholder Services received 83,711 (83,711 ) 55,148 (55,148 ) 96,810,030-0 Radiodifusión SpA. Chile Related to the controller's shareholder Services provided 470,325 (470,325 ) 391,598 (391,598 ) 96,919,980-7 Cervecería Austral S.A. Chille Joint venture Dividends received 372,088 - 245,068 - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Sales of products - - 413,117 183,835 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Purchase of products 10,055,050 - 8,481,780 - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Services provided 279,607 279,607 253,473 253,473 96,919,980-7 Cerveceria Austral S.A. Chile Joint venture Royalty 329,276 (329,276 ) 333,356 (333,356 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Interests 165,325 (165,325 ) 369,097 (369,097 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Transportation of securities 368,839 (368,839 ) 359,579 (359,579 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Derivatives 42,723,097 6,622,290 63,548,208 5,500,174 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Sales of products 247,781 198,225 219,821 175,857 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investments 323,366,723 - 2,146,826 - 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investment Rescue 321,199,617 334,173 2,155,817 3,596 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Remittanse send - - 717,900 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Services provided 444,677 444,677 731,310 731,310 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Purchase of products 11,590 (11,590 ) 15,329 (15,329 ) 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Consignation sales 3,029,169 - 2,804,870 - 0-E Bebidas Bolivianas BBO S.A. Bolivia Associate (until july 2018) Sales of products 194,516 73,916 425,664 161,752 0-E Central Cervecera de Colombia S.A.S. Colombia Joint venture Capital contribution - - 28,232,532 - 0-E Zona Franca Central Cervecera S.A.S. Colombia Joint venture Capital contribution 59,505,559 - 21,080,358 - 0-E Americas Distilling Investments United States Associate of subsidiary Capital contribution - - 1,043,720 - 0-E Amstel Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 247,395 (247,395 ) 211,740 (211,740 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Purchase of products 432,639 - 306,553 - 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 9,609,913 (9,609,913 ) 11,051,487 (11,051,487 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Services received 73,733 (73,733 ) 166,677 (166,677 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Sales of products - - 846,179 634,634 0-E Societé des Produits Nestlé S.A. Switzerland Related to the subsidiary's shareholder Royalty 543,331 (543,331 ) 520,363 (520,363 ) As of December 31, 2017 and 2016 the most significant transactions with related parties that are not subsidiaries of the Company and their effect on the Consolidated Statement of Income are detailed as follows: 2017 2016 Tax ID Company Country of origin Relationship Transaction Amounts (Charges)/Credits (Effect on Income) Amounts (Charges)/Credits (Effect on Income) ThCh ThCh ThCh ThCh 76,079,669-7 Minera Antucoya Chile Related to the controller's shareholder Sales of products 1,501 1,200 - - 76,115,132-0 Canal 13 SpA. Chile Related to the controller's shareholder Advertising 2,064,067 (2,064,067 ) 3,427,941 (3,427,941 ) 76,178,803-5 Viña Tabalí S.A. Chile Related to the controller's shareholder Services provided 85,931 85,931 52,470 52,470 76,313,970-0 Inversiones Irsa Ltda. Chile Related to the controller Dividends paid 4,457,428 - 4,132,618 - 76,481,675-7 Cervecería Szot SpA. Chile Associate of subsidiary Capital contribution 52,771 - - - 76,553,712-6 Heliservicios S.A. Chile Related to the controller Services received 17,760 (17,760 ) - - 76,727,040-2 Minera Centinela Chile Related to the controller's shareholder Sales of products 5,085 4,068 - - 77,051,330-8 Cervecería Kunstmann Ltda. Chile Related to non-controlling subsidiary Services received 152,578 (152,578 ) 83,220 (83,220 ) 77,051,330-8 Cervecería Kunstmann Ltda. Chile Related to non-controlling subsidiary Sales of products 640,590 484,283 522,566 418,052 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Sales of products 4,807,422 2,884,453 4,259,983 1,746,594 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Services received 355,279 (355,279 ) 329,258 (329,258 ) 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Services provided 3,154,653 3,154,653 3,234,158 3,234,158 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Purchase of products 11,062,488 - 10,083,606 - 78,780,780-1 Operaciones y Servicios Enex Ltda. Chile Related to the controller's shareholder Sales of products - - 224,387 183,997 79,985,340-K Cervecera Valdivia S.A. Chile Shareholder of subsidiary Dividends paid 818,433 - 633,668 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Dividends paid 637,313 - 599,123 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Loan 25,204 6,467 23,844 7,017 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Purchase of grape 4,855,607 - 4,255,971 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Supply contract 70,839 6,604 67,267 8,321 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Sales of products 4,727 3,782 - - 90,081,000-8 Compañía Chilena de Fósforos S.A. Chile Shareholder of subsidiary Dividends paid 979,637 - 1,273,753 - 90,703,000-8 Nestlé Chile S.A. Chile Shareholder of subsidiary Dividends paid 4,158,228 - 3,530,565 - 91,705,000-7 Quiñenco S.A. Chile Controller's Shareholder Sales of products 15,941 12,753 13,984 11,186 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Services received 298,865 (298,865 ) 339,457 (339,457 ) 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Purchase of products 260,177 (260,177 ) 100,146 (100,146 ) 93,920,000-2 Antofagasta Minerals S.A. Chile Related to the controller's shareholder Sales of products 33,441 26,753 35,532 28,069 94,625,000-7 Inversiones Enex S.A. Chile Related to the controller's shareholder Sales of products 1,445,395 1,156,316 1,161,918 906,296 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Office lease 9,622 9,622 11,463 11,463 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Dividends paid 34,633,542 - 32,109,822 - 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Related to the controller's shareholder Investments 645,420,000 - 61,400,000 - 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Related to the controller's shareholder Investment Rescue 654,640,312 720,312 170,500,000 402,369 96,591,040-9 Empresas Carozzi S.A. Chile Shareholder of joint operation Sales of products 91,198 72,958 311,666 249,322 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Sales of products 1,150 920 - - 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Services received 83,946 (83,946 ) - - 96,689,310-9 Transbank S.A. Chile Related to the controller's shareholder Commission 131,269 (131,269 ) 104,193 (104,193 ) 96,798,520-1 SAAM Extraportuario S.A. Chile Related to the controller's shareholder Services received 55,148 (55,148 ) 77,521 (77,521 ) 96,810,030-0 Radiodifusión SpA. Chile Related to the controller's shareholder Services provided 391,598 (391,598 ) 380,129 (380,129 ) 96,919,980-7 Cervecería Austral S.A. Chille Joint venture Dividends received 245,068 - - - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Royalty - - 429,517 (429,517 ) 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Purchase of products 8,481,780 - 5,438,419 - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Sales of products 413,117 183,835 62,444 27,788 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Services provided 253,473 253,473 234,327 234,327 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Royalty 333,356 (333,356 ) - - 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Derivatives 63,548,208 5,500,174 35,318,178 2,006,627 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Interests 369,097 (369,097 ) 529,138 (529,138 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investments 2,146,826 - 61,400,000 - 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Financial income - - 247,101 247,101 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Leasing paid - - 87,457 2,266 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Transportation of securities 359,579 (359,579 ) 282,267 (282,267 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Sales of products 219,821 175,857 87,772 48,800 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Leasing paid - - 87,457 2,266 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investment Rescue 2,155,817 3,596 247,101 247,101 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Remittanse send 717,900 - 750,000 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Services provided 731,310 731,310 1,553,943 1,553,943 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Purchase of products 15,329 (15,329 ) 17,773 (17,773 ) 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Consignation sales 2,804,870 - 5,115,078 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Sales of products - - 5,973 2,745 0-E Bebidas Bolivianas BBO S.A. Bolivia Associate Contribution of capital - - 2,174,370 - 0-E Bebidas Bolivianas BBO S.A. Bolivia Associate Sales of products 425,664 161,752 396,076 150,509 0-E Central Cervecera de Colombia S.A.S. Colombia Joint venture Capital contribution 28,232,532 - 22,943,861 - 0-E Zona Franca Central Cervecera S.A.S. Colombia Subsidiary of joint venture Capital contribution 21,080,358 - - - 0-E Americas Distilling Investments LLC United States Associate of subsidiary Capital contribution 1,043,720 - - - 0-E Amstel Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 211,740 (211,740 ) 165,995 (165,995 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Purchase of products 306,553 - - - 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 11,051,487 (11,051,487 ) 9,445,557 (9,445,557 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Sales of products 846,179 634,634 161,220 120,915 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Services received 166,677 (166,677 ) 82,475 (82,475 ) 0-E Societé des Produits Nestlé S.A. Switzerland Related to the subsidiary's shareholder Royalty 520,363 (520,363 ) 432,535 (432,535 ) Remuneration of the Management key employees The Company is managed by a Board of Directors comprised of 9 members, each of whom is in office for a 3-year term and may be re-elected. The Board was appointed at the Ordinary Shareholders´ Meeting held on April 13, 2016, being elected Messrs. Andrónico Luksic Craig, Francisco Pérez Mackenna, Pablo Granifo Lavín, Rodrigo Hinzpeter Kirberg, Marc Busain, Carlos Molina Solís, Didier Debrosse, José Miguel Barros van Hövell tot Westerflier and Vittorio Corbo Lioi, the latter independent according to article 50 bis of Law Nº18,046. The Chairman and the Vice Chairman, as well as the members of the Audit Committee were appointed at the Board of Directors´ meeting held on April 13, 2016. At the same meeting, and according to article 50 bis of Law N° 18,046, the independent Director Mr. Vittorio Corbo Lioi appointed the other members of the Directors Committee, which is composed of Directors Messrs. Pérez, Molina and Corbo. Additionally, Messrs. Corbo and Molina were appointed as members of the Audit Committee, both meeting the independence criteria under the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002 and the New York Stock Exchange Rules. The Board of Directors also resolved that Directors Messrs. Pérez and Barros shall participate in the Audit Committee´s meetings as observers. At the Board meeting held on May 9, 2018, and due to the resignation of the directors Messrs. Marc Busain and Didier Debrosse, both effective as of M |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Inventories [Abstract] | |
Inventories | Note 12 Inventories The inventories balances are detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Finished products 83,843,751 74,897,803 In process products 3,109,463 2,861,150 Raw material 127,732,091 114,911,632 In transit raw material 8,488,881 5,236,825 Materials and products 6,206,087 5,618,614 Realizable net value estimate and obsolescence (1,318,036 ) (1,538,133 ) Total 228,062,237 201,987,891 The Company wrote off a total of ThCh$ 3,296,095, ThCh$ 2,981,075 and ThCh$ 2,012,748 against net realizable value and obsolescence for the years ended as of December 31, 2018, 2017 and 2016, respectively. Additionally, the Company presents an estimate for inventory impairment which includes amounts related to low turnover, technical obsolescence and/or products recalled from the market. The movement of net realizable value and obsolescence estimate is detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Initial balance (1,538,133 ) (2,337,354 ) Inventories write-down estimation (3,081,986 ) (2,268,199 ) Estimates resulting from business combinations (1) (101,244 ) - Inventories recognised as an expense 3,296,095 2,981,075 Business combinations effect 107,232 86,345 Total (1,318,036 ) (1,538,133 ) (1) See Note 15 – Business Combinations . As of December 31, 2018 and 2017 , the Company does not have any inventory pledged as guarantee for financial obligations. |
Biological assets
Biological assets | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Agriculture [Abstract] | |
Biological assets | Note 13 Biological assets The Company recorded under Current biological assets the agricultural activities (grapes) derived from production of plantations that will be destined to be an input to the following process of the wine production. The costs associated to the agricultural activities (grapes) are accumulated to the harvest date. The valuation of current biological assets is described in Note 2 - Summary of significant accounting policies, 2.10 . The movement of current biological assets is detailed as follows: ThCh As of January 1 2017 Historic cost 7,948,379 Book Value 7,948,379 As of December 31, 2017 Acquisitions 18,440,177 Decreases due to harvesting (18,230,868 ) Changes 209,309 Book Value 8,157,688 As of December 31, 2017 Historic cost 8,157,688 Book Value 8,157,688 As of December 31, 2018 Acquisitions 20,871,261 Decreases due to harvesting (20,634,418 ) Other increases (decreases) (1) 95,342 Changes 332,185 Book Value 8,489,873 As of December 31, 2018 Historic cost 8,489,873 Book Value 8,489,873 (1) Mainly corresponds to the financial effect of the application IAS 29 “Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . |
Non-current assets of disposal
Non-current assets of disposal groups classified as held for sale | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Non-current asset held for sale and discontinued operations [Abstract] | |
Disclosure of non-current assets held for sale and discontinued operations [text block] | Note 14 Non-current assets of disposal groups classified as held for sale a) International Business Operating segment - During September 2015, the Board of subsidiary Saenz Briones S.A. authorized the sale of property located in Luján de Cuyo city, Provincia de Mendoza, Argentina. At the date of issuance of these Financial Statements that property is the same condition. b) Wine Operating segment - During the last quarter of 2009, the Board of Tamarí S.A. (merged with Finca la Celia S.A. as of April 1, 2011) authorized the sale of fixed assets which includes the winery with facilities for processing and storage of wines as well as of acres that surround it and the guest house. This decision is based primarily on the advantage of consolidating the operations of processing and packaging of wines from the Wine Group subsidiaries VSPT facilities in Finca La Celia, generating significant synergies for the Group. During 2010, the Company hired a specialist broker for such assets. Subsequently, on December 13, 2011, a sales reservation contract was signed for all of the assets. At the date of issuance of these Financial Statements this transaction is current. - During November 2015, the Board of subsidiary Viña Valles de Chile S.A. (legal and continuing successor of Viña Misiones de Rengo S.A.) authorized the sale of certain fixed assets located in Rengo city, Provincia de Cachapoal, Sexta Región. At the date of issuance of these Financial Statements this transaction is current. At the date of issuance of these Financial Statements this transaction is available for sale through a real estate broker specializing in this type of asset. c) Chile Operating segment - On January 7, 2016, the shareholders of Compañía Pisquera Bauzá S.A. signed an agreement in which Compañía Pisquera de Chile S.A. (“CPCh”) (subsidiary of Compañía Cervecerías Unidas S.A.) sold its interest of 49% to Agroproductos Bauzá S.A. The price of the transaction was an amount of UF 150,000 (equivalent to ThCh$ 3,844,364 on December 31, 2015). In January 2016, the first payment was received for an amount of UF 20,000 (equivalents to ThCh$ 512,596 on January 8, 2016). The account receivable balance as of December 31, 2017 is an amount of UF 90.000, plus its interest, bouth accounted as a non-current receivable (equivalents to ThCh$ 2,411,832). This amount will be paid in annual payments maturing in 2020. It is important to mention the payment with maturating in 2018 by UF 20.000 was paid in advance during May 2017 (equivalent to ThCh$ 578,958). Previously, in October 2015, CPCh’s Board agreed to instruct the Management to obtain an agreement with Agroproductos Bauzá based on the terms which were reflected in the before mentioned transaction. As described in Note 2 - Summary of significant accounting policies, 2.18 , non-current assets of disposal groups classified as held for sale have been recorded at the lower of carrying amount and fair value less cost to sale. Assets held for sale are detailed as follows: Non-current assets of disposal groups classified as held for sale As of December 31, 2018 As of December 31, 2017 ThCh ThCh Land 1,894,078 1,786,879 Contructions 718,203 473,975 Machinerys 168,326 44,857 Total 2,780,607 2,305,711 |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about business combination [abstract] | |
Disclosure of business combinations [text block] | Note 15 Business Combinations a) Bebidas Bolivianas BBO S.A. On May 7, 2014, the Company acquired 34% of the stock rights of Bebidas Bolivianas BBO S.A. a Bolivian closed stock company that produces soft drinks and beers in three factories located in the cities of Santa Cruz de la Sierra and Nuestra Señora de la Paz. The amount of this transaction was US$ 24.303.000, equivalents to ThCh$ 13,776,885. On December 9, 2015, the Company paid an increased of capital for an amount of US$ 2,720,000, equivalents to ThCh$ 1,921,245. On June 8, 2016 and November 17, 2016, the Company paid an increased of capital for an amount of US$ 2,221,696, equivalents to ThCh$ 1,510,420 and US$ 1,019,970, equivalents to ThCh$ 663,951, respectively. This transaction did not change the percentage of participation because both partners concurred with the same capital contributions. Subsequently, on August 9, 2018, the Company acquired an additional 17% of the shares of BBO for an amount of US$ 8,500,000, equivalents to ThCh$ 5,457,935, remaining with a 51% stake in BBO. The Company has determinated the fair values of assets and liabilities for this business combination (see Note 1 – General information, letter D ). On September 20, 2018, the Company paid committed capital of US$ 1,530,029 (equivalent to ThCh$ 1,044,688) in BBO, since that both partners concurred with the same capital contributions, the percentages of participation were maintained. b) Cervecera Guayacán SpA. On August 31, 2018, the subsidiary Cervecería Kunstmann S.A. (CK) acquired an additional 30.0004% of the stock rights of Cervecera Guayacán SpA., for an amount of ThCh$ 361,560, equivalent to 39,232 shares and the subscription and payment of ThCh$ 470,711, equivalent to 49,038 shares. As a consequence above mentioned CK has the 50.0004% stake in Cervecera Guayacán SpA. The Company has determinated the fair values of assets and liabilities for this business combination (see Note 1 – General information, letter D ). c) Sajonia Brewing Company S.R.L. On March 31, 2016, subsidiary Bebidas del Paraguay S.A. acquired 51% of the stock rights of Sajona Brewing Company S.R.L (Paraguayan company). The purpose of this company is the production and marketing of Sajonia brand beer. The amount of this transaction was ThCh$ 641,489 (equivalents to US$ 1,000,000). The Company has determinated the fair values of assets and liabilities for this business combination (see Note 1 – General information, letter D ). It is expected that the acquisition of this company allows transforming the brand into a reference in the segment of craft beer, increasing its productive capability and distribution network, forming part of the brands portfolio of BBO and BdP. According with the above mentioned, BdP begins to participate in the production of beer, with its own brand and with great growth prospects. As of December 31, 2018 , the Company has no other business combinations. |
Investments accounted for using
Investments accounted for using equity method | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of investments accounted for using equity method [Abstract] | |
Disclosure of investments accounted for using equity method [text block] | Note 16 Investments accounted for using equity method Joint ventures and Associates As of December 31, 2018 and 2017 , the Company recorded investments qualifying as joint venture and associates. The share value of investments in joint ventures and associates are detailed as follows: Percentage of participation As of December 31, 2018 As of December 31, 2017 % ThCh ThCh Cervecería Austral S.A. 50.00 7,327,949 6,126,384 Foods Compañía de Alimentos CCU S.A. 50.00 12,012,276 5,792,242 Central Cervecera de Colombia S.A.S. 50.00 40,681,482 50,374,322 Zona Franca Central Cervecera S.A.S. 50.00 80,766,534 20,696,077 Total joint ventures 140,788,241 82,989,025 Bebidas Bolivianas BBO S.A. (1) 34.00 - 14,641,870 Other companies (2) 1,229,540 1,639,385 Total associates 1,229,540 16,281,255 Total 142,017,781 99,270,280 (1) See Note 15 – Business combinations, letter a) . (2) See Note 15 – Business combinations, letter b) . The above mentioned values include goodwill generated in the acquisition of the following joint venture and associate, which are presented net of any impairment loss: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Cervecería Austral S.A. 1,894,770 1,894,770 Bebidas Bolivianas BBO S.A. (1) - 8,294,324 Total 1,894,770 10,189,094 (1) See Note 15 – Business combinations, letter a) . The result accrued in joint ventures and associates are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Cervecería Austral S.A. 1,638,811 952,235 754,326 Foods Compañía de Alimentos CCU S.A. 792,376 165,905 (519,536 ) Central Cervecera de Colombia S.A.S. (11,804,950 ) (8,646,651 ) (3,969,699 ) Zona Franca Central Cervecera S.A.S. (391,465 ) 87,583 - Total joint ventures (9,765,228 ) (7,440,928 ) (3,734,909 ) Bebidas Bolivianas BBO S.A. (1) (921,812 ) (1,459,916 ) (1,805,548 ) Other companies (2) (128,480 ) (13,253 ) (20,065 ) Total associates (1,050,292 ) (1,473,169 ) (1,825,613 ) Total (10,815,520 ) (8,914,097 ) (5,560,522 ) (1) See Note 15 – Business combinations, letter a) . (2) See Note 15 – Business combinations, letter b) . Changes in investments in joint ventures and associates are detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Balance at the beginning of year 99,270,280 64,404,946 Other payments to acquire interests in joint ventures 59,505,559 49,312,890 Cash flows used to purchase non-controlling interests - 1,149,689 Participation in the joint ventures and associates (loss) (10,815,520 ) (8,914,097 ) Dividends received (423,994 ) (353,150 ) Business combinations (1) (14,144,241 ) - Others 8,625,697 (6,329,998 ) Total 142,017,781 99,270,280 (1) See Note 15 – Business combinations, letter a) and b) . Significant matters regarding investments accounted for using the equity method are detailed as follows: (1) Cervecería Austral S.A. A closed stock company that operates as a beer manufacturing facility in the southern end of Chile, which is the southernmost brewery in the world. (2) Foods Compañía de Alimentos CCU S.A . (Foods), Foods, is a closed stock company that participated in the business of snacks and foods in Chile. At the end of 2015, Foods sold the Calaf and Natur brands to Empresas Carozzi S.A. In addition Foods was the main shareholder of Alimentos Nutrabien S.A. and owned the Nutra Bien brand. On December 17, 2018, Foods and subsidiary CCU Inversiones S.A. sold 100% of the shares of Alimentos Nutrabien S.A. to Ideal S.A. (3) Central Cervecera de Colombia S.A.S. and Zona Franca Central Cervecera S.A.S. On November 10, 2014, CCU, directly and through its subsidiaries CCU Inversiones II Limitada, and Grupo Postobón have established a joint arrangements through a company named Central Cervecera de Colombia S.A.S. (the "Company"), in which CCU and Grupo Postobón participate as equal shareholders. The purpose of this Company is the beer and non-alcoholic drinks production, marketing and distribution based on malt (Products). Subsequently, on August 16, 2017, CCU, through its subsidiary CCU Inversiones ll Limitada, acquired 50% of the shares of of a company incorporated in Colombia called Zona Franca Central Cervecera S.A.S. (ZF CC), which relates to a joint agreements and that qualifies as a joint operations, in which CCU and Grupo Postobon participate as equal shareholders. The amount of this transaction was US$ 10,204, equivalents to ThCh$ 6,432. The purpose of ZF CC is acting exclusively as industrial user of one or more free zones, providing tolling services to CCC, and this latter company will produce, market and distribute Products. For the purposes above, previous associations involves the construction of a beer production plant, with an annual total capacity of 3,000,000 hectoliters. The Parties will also invest in CCC and ZF CC an approximate amount of US$ 200,000,000 in equal parts, following a gradual investment plan agreed by the parties. As of December 31, 2018 and 2017, the total amount contributed to CCC and ZF CC was US$ 236,857,949 (equivalents to ThCh$ 153,149,320) and US$ 144,740,179 (equivalents to ThCh$ 93,643,761). The Company does not have any contingent liabilities related to joint ventures and associates as D ecember 31, 2018 . As of December 31, 2018, 2017 and 2016, the significant items of the financial statements of 100% of joint ventures and associates are summarized as follows: Joint ventures Joint ventures Associates As of December 31, 2018 As of December 31, 2017 ThCh ThCh ThCh Assets and Liabilities Current assets 206,761,242 49,960,930 5,540,894 Non-current assets 246,997,507 150,837,264 26,609,731 Current liabilities 172,143,127 35,339,239 4,444,262 Non-current liabilities 2,893,856 1,994,220 9,037,112 Joint ventures Joint ventures Associates Joint ventures Associates For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh ThCh ThCh Income Statement (Summarized) Net sales 70,296,729 57,417,288 19,760,918 63,926,397 19,733,853 Operating result (21,173,985 ) (18,606,383 ) (4,086,973 ) (11,913,526 ) (4,159,093 ) Net income for year (19,886,274 ) (14,352,788 ) (4,462,733 ) (7,287,727 ) (4,712,596 ) Other comprehensive income (24,720,721 ) (27,052,015 ) (5,761,515 ) (3,451,487 ) (7,965,214 ) Depreciation and amortization (2,656,715 ) (2,618,567 ) (2,818,923 ) (2,104,820 ) (2,698,849 ) |
Intangible assets other than go
Intangible assets other than goodwill | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about intangible assets [abstract] | |
Disclosure of intangible assets [text block] | Note 17 Intangible assets other than goodwill The intangible assets movement are detailed as follows: Trademarks Software programs Water rights Distribution rights Total ThCh ThCh ThCh ThCh ThCh As of January 1, 2017 Historic cost 65,160,928 28,364,765 2,091,059 763,017 96,379,769 Accumulated amortization - (18,072,174 ) - (373,440 ) (18,445,614 ) Book Value 65,160,928 10,292,591 2,091,059 389,577 77,934,155 As of December 31, 2017 Additions - 3,498,499 158,968 - 3,657,467 Divestitures (cost) (226 ) (103,675 ) - - (103,901 ) Divestitures (amortization) - 103,675 - - 103,675 Amortization of year - (2,873,115 ) - (173,294 ) (3,046,409 ) Conversion effect (1,355,703 ) (260,268 ) - (103,287 ) (1,719,258 ) Effect of conversion (amortization) - 167,026 - 39,725 206,751 Changes (1,355,929 ) 532,142 158,968 (236,856 ) (901,675 ) Book Value 63,804,999 10,824,733 2,250,027 152,721 77,032,480 As of December 31, 2017 Historic cost 63,804,999 31,499,321 2,250,027 659,730 98,214,077 Accumulated amortization - (20,674,588 ) - (507,009 ) (21,181,597 ) Book Value 63,804,999 10,824,733 2,250,027 152,721 77,032,480 As of December 31, 2018 Additions (1) 16,647,981 3,431,842 784,900 - 20,864,723 Additions for business combinations (cost) (2) 7,168,245 67,119 - - 7,235,364 Divestitures (cost) - - (92,415 ) - (92,415 ) Amortization of year - (2,999,205 ) - (39,751 ) (3,038,956 ) Conversion effect (1,251,533 ) (164,197 ) - (44,251 ) (1,459,981 ) Effect of conversion (amortization) - (212,119 ) - (23,841 ) (235,960 ) Others increase (decreased) (3) 18,117,445 323,268 - 218,174 18,658,887 Changes 40,682,138 446,708 692,485 110,331 41,931,662 Book Value 104,487,137 11,271,441 2,942,512 263,052 118,964,142 As of December 31, 2018 Historic cost 104,487,137 35,157,353 2,942,512 833,653 143,420,655 Accumulated amortization - (23,885,912 ) - (570,601 ) (24,456,513 ) Book Value 104,487,137 11,271,441 2,942,512 263,052 118,964,142 (1) Corresponds mainly to the brands mentioned in Note 1 – General information, letter C) . (2) See Note 15 – Business combinations . (3) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . There are no restrictions or pledges on intangible assets. The cash generating unit associates to the trademarks are detailed as follows: Segment Cash Generating Unit As of December 31, 2018 As of December 31, 2017 (CGU) ThCh ThCh Chile Embotelladoras Chilenas Unidas S.A. 31,659,575 31,476,163 Manantial S.A. 1,166,000 1,166,000 Compañía Pisquera de Chile S.A. 1,363,782 1,363,782 Cervecería Kunstmann S.A. (3) 1,091,223 286,518 Sub-Total 35,280,580 34,292,463 International Business CCU Argentina S.A. and subsidiaries (1) 36,807,884 3,735,289 Marzurel S.A., Coralina S.A. and Milotur S.A. 2,651,576 2,639,301 Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. 3,558,832 3,356,895 Bebidas Bolivianas BBO S.A. (2) 6,363,540 - Sub-Total 49,381,832 9,731,485 Wines Viña San Pedro Tarapacá S.A. 19,824,725 19,781,051 Sub-Total 19,824,725 19,781,051 Total 104,487,137 63,804,999 (1) See Note 1 – General Information, letter C) . (2) See Note 15 – Business combinations, letter a) . (3) See Note 15 – Business combinations, letter b) . Management has not found any evidence of impairment of intangible assets. The same methodology described in Note 18 - Goodwill , has been used for trademarks with indefinite useful lives . |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2018 | |
Intangible assets other than goodwill [abstract] | |
Disclosure of goodwill [text block] | Note 18 Goodwill The goodwill movements is detailed as follows: Goodwill ThCh As of January 1, 2017 Historic cost 96,926,551 Book Value 96,926,551 As of December 31, 2017 Conversion effect (2,309,077 ) Changes (2,309,077 ) Book Value 94,617,474 As of December 31, 2017 Historic cost 94,617,474 Book Value 94,617,474 As of December 31, 2018 Additions for business combinations (1) 10,832,577 Other increases (decreases) (2) 21,881,066 Conversion effect (4,286,216 ) Changes 28,427,427 Book Value 123,044,901 As of December 31, 2018 Historic cost 123,044,901 Book Value 123,044,901 (1) See Note 15 – Business combinations . (2) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . Goodwill on investments acquired in business combinations is assigned as of the acquisition date to the Cash Generating Units (CGU), or group of CGUs that it is expected will benefit from the business combination synergies. The carrying amount of goodwill of the investments assigned to the CGUs within the Company’s segments is detailed as follows: Segment Cash Generating Unit As of December 31, 2018 As of December 31, 2017 (CGU) ThCh ThCh Chile Embotelladoras Chilenas Unidas S.A. 25,257,686 25,257,686 Manantial S.A. 8,879,245 8,879,245 Compañía Pisquera de Chile S.A. 9,808,550 9,808,550 Los Huemules S.R.L. 8,679 47,443 Cervecería Kunstmann S.A. (1) 456,007 - Sub-Total 44,410,167 43,992,924 International Business CCU Argentina S.A. and subsidiaries 24,863,266 5,355,254 Marzurel S.A., Coralina S.A. and Milotur S.A. 4,839,916 6,956,760 Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. 5,236,732 5,896,392 Bebidas Bolivianas BBO S.A. (2) 11,278,676 - Sub-Total 46,218,590 18,208,406 Wines Viña San Pedro Tarapacá S.A. 32,416,144 32,416,144 Sub-Total 32,416,144 32,416,144 Total 123,044,901 94,617,474 (1) See Note 15 – Business combinations, letter b) . (2) See Note 15 – Business combinations, letter a) . Goodwill assigned to the CGU is subject to impairment tests annually or with a higher frequency in case there are indications that any of the CGU could experience impairment. The recoverable amount of each CGU is determined as the higher of value in use or fair value less costs to sell. To determine the value in use, the Company has used cash flow projections over a 5-year span, based on the budgets and projections reviewed by Management for the same term and with an average grown-rate of 3%. The rates used to discount the projected cash flows reflect the market assessment of the specific risks related to the corresponding CGU. The pre-tax discount rates used range from a 8.99% to 13.28%. Given the materiality of the amounts involved, it was not considered relevant to describe additional information in this Note. A reasonable change in assumptions would not result in an impairment to goodwill. As December 31, 2018 , t he Company has not identified any evidence of impairment of goodwill . |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Disclosure of property, plant and equipment [text block] | Note 19 Property , plant and equipment Property, plant and equipment movements are detailed as follows: Land, buildings and contruction Machinery and equipment Bottles and containers Other Equipment Assets under contruction Furniture, accesories and vehicles Assets under finance lease Under production vines Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ As of January 1, 2017 Historic cost 584,830,357 453,735,402 196,174,306 129,190,151 114,775,040 70,251,593 13,926,785 29,436,746 1,592,320,380 Accumulated depreciation (162,399,793 ) (259,578,488 ) (115,697,641 ) (86,460,883 ) - (48,764,711 ) (1,351,211 ) (13,962,931 ) (688,215,658 ) Book Value 422,430,564 194,156,914 80,476,665 42,729,268 114,775,040 21,486,882 12,575,574 15,473,815 904,104,722 As of December 31, 2017 Additions - - - - 118,850,131 - - - 118,850,131 Transfers 29,368,004 43,963,753 20,642,995 18,784,331 (124,150,216 ) 10,802,816 - 588,317 - Conversion effect historic cost (4,642,067 ) (10,260,721 ) (10,182,025 ) (3,613,420 ) (720,676 ) (379,481 ) (1,605 ) (100,852 ) (29,900,847 ) Write off (cost) (144,577 ) (681,120 ) (2,192,467 ) (2,301,087 ) - (778,317 ) - - (6,097,568 ) Write off (depreciation) 122,890 609,546 1,942,571 2,241,388 - 613,585 - - 5,529,980 Capitalized interests - - - - 1,042,045 - - - 1,042,045 Depreciation (16,782,519 ) (28,140,337 ) (23,072,705 ) (13,920,736 ) - (6,262,416 ) (43,108 ) (1,002,696 ) (89,224,517 ) Conversion effect depreciation 609,002 4,833,334 6,522,113 3,733,259 - 92,238 519 54,154 15,844,619 Others increase (decreased) (101,686 ) 1,048,526 18,981 7,257 (1,189,435 ) (35,064 ) (138,391 ) 59,875 (329,937 ) Divestitures (depreciation) (434,512 ) (322,483 ) (45,081,934 ) (27,295 ) - (614,206 ) - (521,685 ) (47,002,115 ) Divestitures (depreciation) 326,742 322,483 43,718,122 26,267 - 363,484 - 339,817 45,096,915 Changes 8,321,277 11,372,981 (7,684,349 ) 4,929,964 (6,168,151 ) 3,802,639 (182,585 ) (583,070 ) 13,808,706 Book Value 430,751,841 205,529,895 72,792,316 47,659,232 108,606,889 25,289,521 12,392,989 14,890,745 917,913,428 As of December 31, 2017 Historic cost 608,854,028 485,770,049 159,541,057 142,280,575 108,606,889 79,120,713 13,816,109 29,367,600 1,627,357,020 Accumulated depreciation (178,102,187 ) (280,240,154 ) (86,748,741 ) (94,621,343 ) - (53,831,192 ) (1,423,120 ) (14,476,855 ) (709,443,592 ) Book Value 430,751,841 205,529,895 72,792,316 47,659,232 108,606,889 25,289,521 12,392,989 14,890,745 917,913,428 As of December 31, 2018 Additions - - - - 123,230,196 - - - 123,230,196 Additions of historic cost by business combination 12,734,666 7,481,173 4,940,095 3,656,444 99,432 824,392 - - 29,736,202 Additions of acumulated depreciation by business combination (762,783 ) (7,432,623 ) (2,384,378 ) (2,509,968 ) - (752,521 ) - - (13,842,273 ) Transfers 39,838,515 45,234,574 26,616,253 16,798,523 (137,622,837 ) 6,919,683 - 2,215,289 - Conversion effect historic cost (5,754,382 ) (14,801,093 ) (20,321,228 ) (6,309,411 ) (1,509,220 ) (583,483 ) (10,977 ) (159,909 ) (49,449,703 ) Write off (cost) (72,907 ) (2,578,367 ) (3,449,791 ) (13,306,471 ) - (1,797,179 ) - - (21,204,715 ) Write off (depreciation) 5,707 2,397,406 2,541,051 13,063,328 - 1,270,646 - - 19,278,138 Capitalized interests - - - - 609,921 - - - 609,921 Depreciation (17,056,082 ) (27,288,968 ) (23,911,356 ) (14,882,856 ) - (6,023,071 ) (21,175 ) (1,017,002 ) (90,200,510 ) Conversion effect depreciation 707,133 6,290,990 12,688,447 5,358,799 - 285,779 2,406 92,393 25,425,947 Others increase (decreased) (1) 26,611,361 31,138,091 19,091,618 2,850,058 4,240,542 297,792 (43,183 ) 673,686 84,859,965 Divestitures (cost) (2,476,636 ) (790,001 ) (5,687,343 ) (2,573,198 ) (226,716 ) (4,051,693 ) - (1,206,401 ) (17,011,988 ) Divestitures (depreciation) 85,208 264,080 4,249,122 2,417,657 - 3,960,623 - 945,333 11,922,023 Changes 53,859,800 39,915,262 14,372,490 4,562,905 (11,178,682 ) 350,968 (72,929 ) 1,543,389 103,353,203 Book Value 484,611,641 245,445,157 87,164,806 52,222,137 97,428,207 25,640,489 12,320,060 16,434,134 1,021,266,631 As of December 31, 2018 Historic cost 679,853,030 551,888,633 180,757,354 143,550,263 97,428,207 80,841,052 13,842,797 30,862,740 1,779,024,076 Accumulated depreciation (195,241,389 ) (306,443,476 ) (93,592,548 ) (91,328,126 ) - (55,200,563 ) (1,522,737 ) (14,428,606 ) (757,757,445 ) Book Value 484,611,641 245,445,157 87,164,806 52,222,137 97,428,207 25,640,489 12,320,060 16,434,134 1,021,266,631 (1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . The balance of the land at the end of each year is as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Land 249,548,928 225,840,815 Total 249,548,928 225,840,815 Capitalized interest as of December 31, 2018 , amountedThCh$ 609,921 (ThCh$ 1,042,045 in 2017 ), using an annually capitalization rate of 3.71% (4.25% in 2017). The Company, through its subsidiary Viña San Pedro Tarapacá S.A., has biological assets corresponding to vines that produce grapes. The vines are segmented into those under formation and those under production, and they are grown both on leased and owned land. The grapes harvested from these vines are used in the manufacturing of wine, which is marketed both in the domestic market and abroad. As of December 31, 2018 , the Company maintained approximately 4,917 hectares of which 3,884 are for vines in production stage. Of the total hectares mentioned above, 3,546 correspond to own land and 338 to leased land. The vines under formation are recorded at historic cost, and only start being depreciated when they are transferred to the production phase, which occurs in the majority of cases in the third year after plantation, when they start producing grapes commercially (in volumes that justify their production-oriented handling and later harvest). During 2018, the production plant vines yield approximately 52.4 million kilos of grapes (43.9 million kilos of grapes in 2017). By the nature of business of the Company, in the value of the assets it is not considered to start an allowance for cost of dismantling, removal or restoration. In relation to the impairment losses of property, plant and equipment, the Managment has not perceived evidence of impairment with respect to these at December 31, 2018 . The depreciation for the year ended as of December 31, 2018 and 2017, recognized in net incomes and other assets is as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Recognized in net incomes 87,471,320 86,557,532 Recognized in others assets 2,729,190 2,666,985 Total 90,200,510 89,224,517 Assets under finance lease: The carrying amount of land and buildings relates to finance lease agreements for the Company and its subsidiaries. Such assets will not be owned by the Company until the corresponding purchase options are exercised. As of December 31, 2018 As of December 31, 2017 ThCh ThCh Land 3,266,096 3,215,075 Buildings 8,985,051 9,101,182 Machinery and equipment 68,913 76,732 Total 12,320,060 12,392,989 In Note 21 – Other financial liabilities, letter B ) includes the detail of the lease agreements, and it also reconciles the total amount of the future minimum lease payments and their current value as regards such assets, the purchase options originated at CCU S.A. and Cervecería Kunstmann S.A. |
Investment Property
Investment Property | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about investment property [abstract] | |
Disclosure of investment property [text block] | Note 20 Investment Property Investment property movements are detailed as follows: Lands Buildings Total ThCh ThCh ThCh As of January 1, 2017 Historic cost 4,729,639 2,279,475 7,009,114 Depreciation - (755,287 ) (755,287 ) Book Value 4,729,639 1,524,188 6,253,827 As of December 31, 2017 Additions - 17,588 17,588 Depreciation - (49,909 ) (49,909 ) Convertion effect (depreciation) (270,804 ) (165,236 ) (436,040 ) Conversion effect - 30,893 30,893 Changes (270,804 ) (157,664 ) (428,468 ) Book Value 4,458,835 1,366,524 5,825,359 As of December 31, 2017 Historic cost 4,458,835 2,131,827 6,590,662 Depreciation - (765,303 ) (765,303 ) Book Value 4,458,835 1,366,524 5,825,359 As of December 31, 2018 Additions - 3,613 3,613 Depreciation - (49,728 ) (49,728 ) Convertion effect (depreciation) (429,377 ) (269,737 ) (699,114 ) Conversion effect - 68,416 68,416 Other increases (decreases) (1) 2,695,795 871,615 3,567,410 Changes 2,266,418 624,179 2,890,597 Book Value 6,725,253 1,990,703 8,715,956 As of December 31, 2018 Historic cost 6,725,253 2,737,318 9,462,571 Depreciation - (746,615 ) (746,615 ) Book Value 6,725,253 1,990,703 8,715,956 (1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . Investment property includes twenty land properties, two offices and one apartment, situated in Chile, which are maintained for appreciation purposes, with one land property, two offices and one apartment of them being leased and generating ThCh$ 158,235 revenue during year 2018 (ThCh$ 193,839 in 2017 and ThCh$ 251,545 in 2016 ). Additionally, there are three land properties in Argentina, which are leased and generated an income for ThCh$ 97,312 for year 2018 (ThCh$ 135,064 in 2017 and ThCh$ 131,389 in 2016 ). In addition, the expenses associated with such investment properties amounted to ThCh$ 50,874 for the year ended as of December 31, 2018 (ThCh$ 60,452 in 2017 and ThCh$ 71,090 in 2016 ). The fair value, of investment property that represent 89% of the carrying amount is ThCh$ 13,332,435. Management has not detected any evidence of impairment of investment property. The Company does not maintain any pledge or restriction over investment property items. |
Other financial liabilities
Other financial liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other financial liabilities [Abstract] | |
Disclosure Of Other Financial Liabilities Explanatory [Text Block] | Note 21 Other financial liabilities Debts and financial liabilities classified according to the type of obligation and their classifications in the Consolidated Financial Statements are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Bank borrowings (*) 38,160,178 75,200,804 24,623,746 73,886,831 Bonds payable (*) 4,081,175 135,281,303 3,306,135 69,476,612 Financial leases obligations (*) 365,972 17,546,162 176,586 17,638,289 Derivative financial instruments (**) 4,997,124 - 10,416,675 - Derivative hedge liabilities (**) 1,194,502 157,028 1,840,188 - Deposits for return of bottles and containers 13,967,995 - 13,228,328 - Total 62,766,946 228,185,297 53,591,658 161,001,732 (*) See Note 5 – Risk administration . (**) See Note 7 – Financial instruments . The maturities and interest rates of these obligations are detailed as follows: Current loan and financial obligation As of December 31, 2018 : Maturity (*) Debtor Tax ID Company Debtor country Lending party Tax ID Creditor name Creditor country Currency 0 to 3 months 3 months to 1 year Total Type of amortization Interest Rate ThCh ThCh ThCh (%) Bank borrowings 76,035,409-0 Cervecera Guayacán SpA. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 1,091 3,578 4,669 Monthly 4.87 91,041,000-8 Viña San Pedro Tarapacá S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile UF - 10,535,493 10,535,493 At maturity 2.70 91,041,000-8 Viña San Pedro Tarapacá S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile USD - 5,670,991 5,670,991 At maturity 2.90 91,041,000-8 Viña San Pedro Tarapacá S.A. Chile 97,018,000-1 Scotiabank Chile Chile USD - 10,576,858 10,576,858 At maturity 2.96 91,041,000-8 Viña San Pedro Tarapacá S.A. (1) Chile 97,018,000-1 Scotiabank Chile Chile USD 11,007 - 11,007 At maturity 3.38 91,413,000-1 Compañía Cervecerías Unidas S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 309,108 309,108 At maturity 4.56 99,586,280-8 Compañía Pisquera de Chile S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 326,560 - 326,560 At maturity 4.68 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile UF 10,829 7,300 18,129 Monthly 5.48 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 13,500 40,500 54,000 Monthly 6.00 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 18,868 18,666 37,534 Monthly 5.88 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 22,500 67,500 90,000 Monthly 5.76 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 9,192 28,382 37,574 Monthly 6.12 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 28,669 64,826 93,495 Monthly 5.02 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 16,666 50,000 66,666 Monthly 4.44 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 20,833 62,501 83,334 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 73,030 224,475 297,505 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 41,700 125,100 166,800 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 39,951 90,476 130,427 Monthly 4.73 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 37,588 115,166 152,754 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 31,200 93,600 124,800 Monthly 5.16 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 45,100 - 45,100 At maturity 4.92 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,018,000-1 Scotiabank Chile Chile CLP - 2,016,815 2,016,815 At maturity 3.98 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 6,536 - 6,536 At maturity 4.56 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 210,510 647,019 857,529 Monthly 5.02 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 1,026,099 1,026,099 At maturity 3.64 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco de la Nación Argentina Argentina ARS 226,995 278,924 505,919 Monthly 32.50 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco Galicia Argentina ARS 506,614 545,956 1,052,570 Quarterly 23.00 0-E Finca La Celia S.A. Argentina 0-E Banco Superville Argentina USD - 210,829 210,829 At maturity 6.00 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina USD 245,193 - 245,193 At maturity 6.20 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina USD - 208,701 208,701 At maturity 4.30 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina USD 210,949 - 210,949 At maturity 5.25 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina USD 210,101 - 210,101 At maturity 6.50 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina ARS 388,865 - 388,865 At maturity 49.00 0-E Finca La Celia S.A. Argentina 0-E Banco San Juan Argentina ARS - 643,278 643,278 Quarterly 68.00 0-E Finca La Celia S.A. Argentina 0-E Banco San Juan Argentina ARS - 136,453 136,453 Quarterly 68.00 0-E Finca La Celia S.A. Argentina 0-E Banco San Juan Argentina ARS - 116,959 116,959 Quarterly 68.00 0-E Finca La Celia S.A. Argentina 0-E Banco San Juan Argentina ARS - 38,986 38,986 Quarterly 68.00 0-E Finca La Celia S.A. Argentina 0-E Banco BBVA Argentina ARS 736,905 - 736,905 At maturity 64.00 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina ARS 238,536 - 238,536 At maturity 66.50 0-E Bebidas Bolivianas BBO S.A. Bolivia 0-E Banco Mercantil Santa Cruz S.A. Bolivia BOB 38,735 - 38,735 Quarterly 5.00 0-E Milotur S.A. Uruguay 0-E Banco Itaú Uruguay UI 110,633 326,783 437,416 Monthly 4.80 Sub-Total 3,878,856 34,281,322 38,160,178 Financial leases obligations 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 797 2,391 3,188 Monthly 17.00 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 87,629 267,426 355,055 Monthly 3.95 76,077,848-6 Cervecera Belga de la Patagonia S.A. Chile 97,015,000-5 Banco Santander Chile UF 2,090 5,639 7,729 Monthly 6.27 Sub-Total 90,516 275,456 365,972 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. Maturity (*) Debtor Tax ID Company Debtor country Registration ID No. Instrument Creditor country Currency 0 to 3 months 3 months to 1 year Total Type of amortization Interest Rate ThCh ThCh ThCh (%) Bonds payable 90,413,000-1 Compañía Cervecerías Unidas S.A. (1) Chile Bond H 573 03/23/2009 Chile UF 665,357 2,486,177 3,151,534 Semiannual 4.25 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile Bond J 898 28/06/2018 Chile UF 929,641 - 929,641 Semiannual 2.90 Sub-Total 1,594,998 2,486,177 4,081,175 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. As of December 31, 2017 : Maturity (*) Debtor Tax ID Company Debtor country Lending party Tax ID Creditor name Creditor country Currency 0 to 3 months 3 months to 1 year Total Type of amortization Interest Rate ThCh ThCh ThCh (%) Bank borrowings 91,041,000-8 Viña San Pedro Tarapacá S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile USD - 4,961,271 4,961,271 At maturity 1.75 91,041,000-8 Viña San Pedro Tarapacá S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile UF 58,809 - 58,809 At maturity 2.70 91,041,000-8 Viña San Pedro Tarapacá S.A. (1) Chile 97,018,000-1 Scotiabank Chile Chile USD 4,238 4,839,005 4,843,243 At maturity 2.42 91,413,000-1 Compañía Cervecerías Unidas S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 324,308 324,308 At maturity 4.56 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile UF 17,425 29,507 46,932 Monthly 4.80 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile UF 9,956 30,704 40,660 Monthly 5.48 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 13,500 40,500 54,000 Monthly 6.00 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 12,667 - 12,667 Monthly 7.59 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 19,170 42,000 61,170 Monthly 5.88 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 22,500 67,500 90,000 Monthly 5.76 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 37,500 - 37,500 Monthly 5.40 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 8,641 26,677 35,318 Monthly 6.12 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 20,028 61,526 81,554 Monthly 5.02 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 16,667 49,999 66,666 Monthly 4.44 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 20,834 62,500 83,334 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 69,530 213,527 283,057 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 41,700 125,100 166,800 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 38,678 86,121 124,799 Monthly 4.73 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 35,966 110,127 146,093 Monthly 4.42 99,586,280-8 Compañía Pisquera de Chile S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 326,560 - 326,560 At maturity 4.68 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP - 2,021,408 2,021,408 At maturity 5.35 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,018,000-1 Scotiabank Chile Chile CLP 16,600 - 16,600 At maturity 4.50 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 6,708 - 6,708 At maturity 4.68 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 200,248 614,849 815,097 Monthly 5.02 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco de la Nación Argentina Argentina ARS 300,889 561,283 862,172 Monthly 26.63 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco de la Nación Argentina Argentina ARS 80,679 26,371 107,050 Monthly 27.81 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco Galicia Argentina ARS 925,670 1,594,645 2,520,315 Quarterly 23.00 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco de la Nación Argentina Argentina ARS 3,944 1,975,917 1,979,861 At maturity 20.00 0-E Finca La Celia S.A. Argentina 0-E Banco Superville Argentina USD - 185,739 185,739 At maturity 2.50 0-E Finca La Celia S.A. Argentina 0-E Santander Río Argentina USD 184,728 - 184,728 At maturity 5.00 0-E Finca La Celia S.A. Argentina 0-E Banco Macro Argentina USD - 185,339 185,339 At maturity 2.70 0-E Finca La Celia S.A. Argentina 0-E Banco Macro Argentina USD - 184,652 184,652 At maturity 2.50 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina USD 185,018 - 185,018 At maturity 2.55 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina USD - 215,408 215,408 At maturity 3.20 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina ARS 399,014 - 399,014 At maturity 31.77 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina ARS 292,589 - 292,589 At maturity 31.50 0-E Finca La Celia S.A. Argentina 0-E Banco Patagonia Argentina ARS 250,005 - 250,005 At maturity 31.50 0-E Finca La Celia S.A. Argentina 0-E Banco San Juan Argentina ARS - 67,356 67,356 Quarterly 25.50 0-E Finca La Celia S.A. Argentina 0-E Banco San Juan Argentina ARS - 674,403 674,403 Quarterly 27.00 0-E Finca La Celia S.A. Argentina 0-E Banco San Juan Argentina ARS - 66,398 66,398 Quarterly 26.00 0-E Finca La Celia S.A. Argentina 0-E Banco Comafi Argentina ARS 368,143 - 368,143 At maturity 24.50 0-E Finca La Celia S.A. Argentina 0-E BBVA Argentina ARS 498,676 - 498,676 At maturity 32.00 0-E Milotur S.A. Uruguay 0-E Banco Itaú Uruguay UI 403,857 288,469 692,326 Monthly 6.00 Sub-Total 4,891,137 19,732,609 24,623,746 Financial leases obligations 76,077,848-6 Cervecera Belga de la Patagonia S.A. Chile 97,015,000-5 Banco Santander Chile UF 6,231 - 6,231 Monthly 6.27 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 14,986 47,281 62,267 Monthly 7.07 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile UF 26,989 73,384 100,373 Monthly 4.33 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 577 - 577 Monthly 17.50 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 419 406 825 Monthly 17.50 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 1,561 4,752 6,313 Monthly 17.00 Sub-Total 50,763 125,823 176,586 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. Maturity (*) Debtor Tax ID Company Debtor country Registration ID No. Instrument Creditor country Currency 0 to 3 months 3 months to 1 year Total Type of amortization Interest Rate ThCh ThCh ThCh (%) Bonds payable 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile Bond E 388 10/18/2004 Chile UF 41,232 2,617,308 2,658,540 Semiannual 4.00 90,413,000-1 Compañía Cervecerías Unidas S.A. (1) Chile Bond H 573 03/23/2009 Chile UF 647,595 - 647,595 Semiannual 4.25 Sub-Total 688,827 2,617,308 3,306,135 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. Non-current loan and financial obligation As of December 31, 2018 : Maturity (*) Debtor Tax ID Company Debtor country Lending party Tax ID Creditor name Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bank borrowings 76,035,409-0 Cervecera Guayacán SpA. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 10,049 11,077 43,764 64,890 Monthly 4.87 91,041,000-8 Viña San Pedro Tarapacá S.A. (1) Chile 97,018,000-1 Scotiabank Chile Chile USD 8,059,332 - - 8,059,332 At maturity 3.38 91,413,000-1 Compañía Cervecerías Unidas S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 39,826,440 - 39,826,440 At maturity 4.56 99,586,280-8 Compañía Pisquera de Chile S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 16,000,000 - 16,000,000 At maturity 4.68 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 18,000 - - 18,000 Monthly 6.00 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 22,500 - - 22,500 Monthly 5.76 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 13,048 - - 13,048 Monthly 6.12 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 52,210 - - 52,210 Monthly 5.02 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 27,780 - - 27,780 Monthly 4.44 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 48,610 - - 48,610 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 41,300 - - 41,300 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 51,671 - - 51,671 Monthly 4.73 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 92,344 - - 92,344 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 114,800 - - 114,800 Monthly 5.16 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 2,000,000 - - 2,000,000 At maturity 4.92 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 400,000 - - 400,000 At maturity 4.56 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 520,654 - - 520,654 Monthly 5.02 0-E Bebidas Bolivianas BBO S.A. Bolivia 0-E Banco Mercantil Santa Cruz S.A. Bolivia BOB 1,743,952 1,743,952 3,487,900 6,975,804 Quarterly 5.00 0-E Milotur S.A. Uruguay 0-E Banco Itaú Uruguay UI 871,421 - - 871,421 Monthly 4.80 Sub-Total 14,087,671 57,581,469 3,531,664 75,200,804 Financial leases obligations 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 747,756 801,372 15,995,307 17,544,435 Monthly 3.95 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 1,727 - - 1,727 Monthly 17.00 Sub-Total 749,483 801,372 15,995,307 17,546,162 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. Maturity (*) Debtor Tax ID Company Debtor country Registration ID No. Instrument Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bonds payable 90,413,000-1 Compañía Cervecerías Unidas S.A. (1) Chile Bond H 573 03/23/2009 Chile UF 9,976,415 9,984,905 32,519,081 52,480,401 Semiannual 4.25 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile Bond J 898 06/28/2018 Chile UF - - 82,800,902 82,800,902 Semiannual 2.90 Sub-Total 9,976,415 9,984,905 115,319,983 135,281,303 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. As of December 31, 2017: Maturity (*) Debtor Tax ID Company Debtor country Lending party Tax ID Creditor name Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bank borrowings 91,041,000-8 Viña San Pedro Tarapacá S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile UF 10,183,293 - - 10,183,293 At maturity 2.70 91,413,000-1 Compañía Cervecerías Unidas S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 39,750,482 - 39,750,482 At maturity 4.56 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile UF 17,624 - - 17,624 Monthly 5.48 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 72,000 - - 72,000 Monthly 6.00 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 32,667 - - 32,667 Monthly 5.88 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 112,500 - - 112,500 Monthly 5.76 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 50,621 - - 50,621 Monthly 6.12 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 138,116 - - 138,116 Monthly 5.02 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 94,445 - - 94,445 Monthly 4.44 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 131,944 - - 131,944 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 297,505 - - 297,505 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 208,100 - - 208,100 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 171,638 - - 171,638 Monthly 4.73 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 245,098 - - 245,098 Monthly 4.42 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,018,000-1 Scotiabank Chile Chile CLP 2,000,000 - - 2,000,000 At maturity 4.50 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 400,000 - - 400,000 At maturity 4.68 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 1,378,183 - - 1,378,183 Monthly 5.02 99,586,280-8 Compañía Pisquera de Chile S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 16,000,000 - 16,000,000 At maturity 4.68 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco de la Nación Argentina Argentina ARS 748,377 - - 748,377 Monthly 26.63 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco Galicia Argentina ARS 1,854,238 - - 1,854,238 Quarterly 23.00 Sub-Total 18,136,349 55,750,482 - 73,886,831 Financial leases obligations 76,077,848-6 Cervecera Belga de la Patagonia S.A. Chile 97,015,000-5 Banco Santander Chile UF - 6,991 - 6,991 Monthly 6.27 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 136,371 156,348 17,329,787 17,622,506 Monthly 7.07 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 8,792 - - 8,792 Monthly 17.00 Sub-Total 145,163 163,339 17,329,787 17,638,289 (*) See Note 5 non-discounted contractual cash flows. Maturity (*) Debtor Tax ID Company Debtor country Registration ID No. Instrument Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bonds payable 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile Bond E 388 10/18/2004 Chile UF 5,327,846 5,359,626 5,359,627 16,047,099 Semiannual 4.00 90,413,000-1 Compañía Cervecerías Unidas S.A. (1) Chile Bond H 573 03/23/2009 Chile UF 7,258,889 9,702,632 36,467,992 53,429,513 Semiannual 4.25 Sub-Total 12,586,735 15,062,258 41,827,619 69,476,612 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments) (*) See Note 5 – Risk administration non-discounted contractual cash flows. Details of the fair value of bank borrowings, financial leases obligations and bonds payable are described in Note 7 The effective interest rates of bond obligations are as follows: Bonds Serie E 4.51% Bonds Serie H 4.27% Bonds Serie J 2.89% Debts and financial liabilities are stated in several currencies and they accrue fixed and variable interest rates. These obligations classified by currency and interest type (excluding the effect of cross currency interest rate swap agreements) are detailed as follows: As of December 31, 2018 As of December 31, 2017 Fixed Interest Variable Interest Fixed Interest Variable Interest ThCh ThCh ThCh ThCh US Dollar 17,333,622 8,070,339 6,102,155 4,843,243 Chilean Pesos 65,221,552 - 65,836,938 - Argentinean Pesos 3,357,467 505,919 8,987,505 1,717,599 Unidades de Fomento 167,823,319 - 100,928,433 - UI 1,308,837 - 692,326 - Total 262,059,336 8,576,258 182,547,357 6,560,842 The terms and conditions of the main interest accruing obligations as of December 31, 2018 , are detailed as follows: A) Bank Borrowings Banco Estado – Bank Loans a) On July 27, 2012, the subsidiary Compañía Pisquera Chile S.A. (CPCh) signed a bank loan with the Banco del Estado de Chile for a total of ThCh$ 16,000,000, for a period of 5 years, with maturity on July 27, 2017. This loan accrues interest at an annual fixed rate of 6.86% and an effective rate of 7.17%. The Company amortized interest semi-annually, and the capital amortization consists of a single payment at the end of the established term. On July 27, 2017 this loan was renewed for 5 years, with maturity on July 27, 2022. This loan accrues interest at an annual fixed rate of 4.68%. The Company amortized interest semi-annually, and the capital amortization consists of a single payment at the end of the established term This obligation is subject to certain reporting obligations in addition to complying with the following financial ratios, which will be measured on the half-yearly financial statements of CPCh : - Maintain a Financial Expense Coverage not less than 3, calculated as the relationship between Gross Margin less Marketing costs, Distribution and Administration expenses, plus Other income by function, less Other expenses by function, plus Depreciation and Amortization, divided by Financial costs. - Maintain a debt ratio of no more than 3, measured as Total liabilities divided by Equity. - Maintain an Equity higher than UF 770,000. In addition, this loan obliges CPCh to comply with certain restrictions of affirmative nature, including maintaining insurance, maintaining the ownership of essential assets, and also to comply with certain restrictions, such as not to pledge, mortgage or grant any kind of encumbrance or real right over any fixed asset with an individual accounting value higher than UF 10,000, except under the terms established by the agreement, among other. As of December 31, 2018 , the Company was in compliance with the financial covenants and specific requirements of this loan. b) On April 25, 2012, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 500,000, at a fixed interest rate; maturing on April 25, 2013, the date on which it was renewed, maturing on April 25, 2014. The subsidiary amortizes interest and capital in a single payment at the end of the established term. Subsequently this loan was renewed for one year, maturing on April 25, 2014. It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016. This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. On April 27, 2016, this loan was paid. c) On April 25, 2013, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 600,000, at a fixed interest rate; maturing on April 25, 2014. The subsidiary amortizes interest and capital in a single payment at the end of the established term. It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016. This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. On April 27, 2016, this loan was paid. d) On October 15, 2014, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of UF 380,000, maturing on October 15, 2019. This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term. e) On July 15, 2015, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 4,000,000, at a fixed interest rate maturing on July 14, 2020. The subsidiary amortizes interest and capital monthly until the end of the established term. This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. f) On May 26, 2016, the subsidiary Aguas CCU-Nestlé Chile S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 5,300,000, at a fixed interest rate, maturing on November 22, 2016. The subsidiary amortizes interest and capital of a single payment at the end of the established term. On November 22, 2016, this loan was paid . g) On April 13, 2017, Compañía Cervecerías Unidas S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 40,000,000, at a fixed interest rate, maturing on April 13, 2022. The Company amortizes interest semi-annually, and the capital amortization consists in a single payment at the end of the established term. This obligation is subject to certain reporting obligations in addition to complying with the following financial ratios: a. Maintain at the end of each semester an indebtedness ratio measured over the consolidated financial statements not higher than 1.5, defined as the ratio of Total Adjusted Liabilities and Total Adjusted Equity. The Total Adjusted Liabilities are defined as Total Consolidated Liabilities less Dividends provisioned, according to policy included in the Statement of Changes in Equity, plus the amount of all guarantees issued by the Company and its subsidiaries that are cautioned by real guarantees, except as noted in the contract. Total Adjusted Equity is defined as Total Equity plus Dividends provisioned account, according to policy included in the Statement of Changes in Equity. b. Maintain a Financial Expense Coverage measured at the end of each semester and retroactively for periods of 12 months, not less than 3, calculated as the ratio of Adjusted ORBDA and Finance Costs account. Adjusted ORBDA means ORBDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments’ financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded on the Note Nature of the costs and expenses. c. Maintain at the end of each semester, assets free of liens for an amount equal to at least 1.2, defined as the ratio of Total Assets free of lien and Finance Debt free of lien. Total Assets free of lien are defined as Total Assets less assets pledged as collateral for cautioned obligations of third parties. Finance Debt free of lien are defined as the sum of Bank loan, Bonds payable and Lease obligations contained under Note Other financial liabilities. d. Maintain at the end of each semester a minimum equity of ThCh$ 312,516,750, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends provisioned account, according to policy included in the Statement of Changes in Equity. e. To maintain, either directly or indirectly, ownership over more than 50% of the subscribed and paid-up shares and over the voting rights of the following companies: Cervecera CCU Chile Ltda. and Embotelladoras Chilenas Unidas S.A. f. Maintain a nominal installed capacity for the production manufacturing of beer and soft drinks, equal or higher altogether than 15.9 million hectolitres a year. g. To maintain, either directly or through a subsidiary, ownership of the trademark "CRISTAL", denominative for beer class 32 of the international classifier, and not to transfer its use, except to its subsidiaries. As of December 31, 2018, the Company was in compliance with the financial covenants required for this loan. h) On July 3, 2017, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of US$ 8,000,000, at a fixed interest rate, maturing on July 3, 2018. The subsidiary amortizes interest monthly, and capital amortization consists in a single payment at the end of the established term. On July 3, 2018, this loan was paid . i) On April 23, 2018, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of US$ 8,000,000, at a fixed interest rate, maturing on April 23, 2019. The subsidiary amortizes interest and capital amortization consists in a single payment at the end of the established term. j) On April 17, 2018, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 1,000,000, at a fixed interest rate, maturing on April 17, 2019. The subsidiary amortizes interest and capital amortization consists in a single payment at the end of the established term. k) On April 26, 2018, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 3,500,000, at a fixed interest rate, maturing on May 25, 2018. On May 25, 2018 the loan was renewed, maturing on July 3, 2018. The subsidiary amortizes interest and capital amortization consists in a single payment at the end of the established term. On July 3, 2018, this loan was paid . Banco de Chile – Bank Loans a) On July 11, 2011, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco de Chile for a total of US$ 4,436,100. It accrues interest at a compound floating rate Libor at 180 days plus a fixed margin, maturing on July 11, 2016. The subsidiary amortizes interest semi-annually, and capital amortization consists of a single payment at the end of the established term. This debt was changed to Euros and a fixed interest rate through a currency US$-Euro and interest rate swap agreements (Cross Currency Interest Rate Swap). For details of the Company`s hedge strategies see Note 5 – Risk administration and Note 7 – Fi |
Trade and other current payable
Trade and other current payables | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of trade and other payables [Abstract] | |
Disclosure of trade and other payables [text block] | Note 22 Trade and other current payables Trade and other payables are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Suppliers 247,335,760 - 224,330,195 - Notes payable 3,973,183 12,413 4,707,572 541,783 Trade an other current payables 251,308,943 12,413 229,037,767 541,783 Withholdings payable 52,071,225 - 52,643,786 - Trade accounts payable withholdings 52,071,225 - 52,643,786 - Total 303,380,168 12,413 281,681,553 541,783 |
Other Provisions
Other Provisions | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Other provisions, contingent liabilities and contingent assets [Abstract] | |
Disclosure of other provisions [text block] | Note 23 Other provisions Provisions recorded in the consolidated statement of financial position are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Litigation 405,069 488,562 349,775 950,920 Others - 6,937,197 - 289,469 Total 405,069 7,425,759 349,775 1,240,389 The changes in provisions are detailed as follows: Litigation (1) Others Total ThCh ThCh ThCh As of January 1, 2017 1,248,243 484,441 1,732,684 As of December 31, 2017 Incorporated 1,028,505 14,386 1,042,891 Used (652,280 ) - (652,280 ) Released (81,249 ) (142,291 ) (223,540 ) Conversion effect (242,524 ) (67,067 ) (309,591 ) Changes 52,452 (194,972 ) (142,520 ) As of December 31, 2017 1,300,695 289,469 1,590,164 As of December 31, 2018 Incorporated 560,355 6,731,027 7,291,382 Used (344,749 ) - (344,749 ) Released (102,277 ) (11,975 ) (114,252 ) Conversion effect (520,393 ) (71,324 ) (591,717 ) Changes (407,064 ) 6,647,728 6,240,664 As of December 31, 2018 893,631 6,937,197 7,830,828 (1) See Note 34 – Contingencies and commitments . The maturities of provisions at December 31, 2018 , are detailed as follows: Litigation Others Total ThCh ThCh ThCh Less than one year 405,069 - 405,069 Between two and five years 314,784 6,937,197 7,251,981 Over five years 173,778 - 173,778 Total 893,631 6,937,197 7,830,828 The maturities of provisions at December 31, 2017 , are detailed as follows: Litigation Others Total ThCh ThCh ThCh Less than one year 349,775 - 349,775 Between two and five years 445,941 289,469 735,410 Over five years 504,979 - 504,979 Total 1,300,695 289,469 1,590,164 The provisions for Litigation and Other - current and non-current correspond to estimates made by the Administration, intended to cover eventual effects that may derive from the resolution of trials/claims or uncertainties to which the Company is exposed. Such trails/claims or uncertainties derive from transactions that are part of the normal course of CCU's business and the countries where it operates and whose details and scopes are not fully public knowledge, so that its detailed exposition could affect the interests of the Company and the progress of the resolution of these, according to the legal reserves of each administrative and judicial procedure. Therefore, based on the provisions of IAS 37 "Provisions, contingent liabilities and contingent assets", paragraph 92, although the amounts provisioned in relation to these trials/claims or uncertainties are indicated, no further detail of the same at the closing of these Financial Statements. Significant litigation proceedings which the Company is exposed to at a consolidated level are detailed in Note 34 – Contingencies and commitments . Management believes that based on the development of such proceedings to date, the provisions established on a case by case basis are adequate to cover the possible adverse effects that could arise from these proceedings. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of current, deferred and income taxes [Abstract] | |
Disclosure Of Current Deferred And Income Taxes Explanatory [Text Block] | Note 24 Income taxes Current tax asset s Taxes receivables are detailed as follows: As of December As of December ThCh ThCh Refundable tax previous year 11,884,421 9,640,567 Taxes under claim (1) 968,195 968,195 Argentinean tax credits 440,172 4,813,614 Monthly provisions 3,686,905 12,537,248 Payment of absorbed profit provision - 24,104 Other credits 322,736 44,150 Total 17,302,429 28,027,878 (1) This item includes claims for refund of first category taxes (Provisional payment of absorved profit) for an amount of ThCh$ 968,195 that was presented in April 2014 from the commercial year 2013. Current tax assets non current Taxes receivables are detailed as follows: As of December As of December ThCh ThCh Taxes under claim (1) 1,173,281 1,173,281 Others (2) 97,660 143,019 Total 1,270,941 1,316,300 (1) This item includes claims for refund of first category taxes (Provisional payment of absorved profit) that was presented in April 2010 from the commercial year 2009. (2) Corresponds to the minimum presumed income tax of Argentine subsidiaries, whose recovery period is estimated to be more than one year. Current tax liabilities Taxes payable are detailed as follows: As of December As of December ThCh ThCh Chilean Tax income (expense) 71,587,790 18,335,047 Monthly provisional payments 3,946,196 3,970,511 Chilean unique taxes 101,474 105,903 Other 249,989 115,173 Total 75,885,449 22,526,634 Tax expense The income tax and deferred tax expense for the years ended as of December 31, 2018, 2017 and 2016, are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Income as per deferred tax related to the origin and reversal of temporary differences 9,930,675 (500,800 ) (878,629 ) Prior year adjustments 484,985 569,212 3,838,136 Effect of change in tax rates 23,903 (50,071 ) (856,612 ) Tax benefits (loss) (1,795,446 ) 611,282 (765,292 ) Total deferred tax expense 8,644,117 629,623 1,337,603 Current tax expense (144,929,220 ) (47,841,130 ) (31,285,976 ) Prior period adjustments 158,286 (1,154,469 ) (298,010 ) Total expenses (income) for current taxes (144,770,934 ) (48,995,599 ) (31,583,986 ) (Loss) Income from income tax (136,126,817 ) (48,365,976 ) (30,246,383 ) Deferred taxes related to items charged or credited directly to the Consolidated Statement of Comprehensive Income are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Net income from cash flow hedge (16,196 ) 728 (20,648 ) Actuarial gains and losses deriving from defined benefit plans 339,533 (47,228 ) 659,198 Charge to equity 323,337 (46,500 ) 638,550 Effective Rate The Company’s income tax expense as of December 31, 2018, 2017 and 2016 represents 29.71% , 24.62% and 17.80%, respectively of income before taxes. The following is reconciliation between such effective tax rate and the statutory tax rate valid in Chile. For the years ended as of December 31, 2018 2017 2016 ThCh Rate % ThCh Rate % ThCh Rate % Income before taxes 458,211,348 196,474,395 170,328,270 Income tax using the statutory rate (123,717,064 ) 27.00 (50,100,971 ) 25.50 (40,878,785 ) 24.00 Adjustments to reach the effective rate Tax effect of permanent differences, net (14,596,485 ) 3.19 4,071,180 (2.07 ) 10,357,858 (6.10 ) Effect of change in tax rate 23,903 (0.01 ) (50,071 ) 0.03 (856,612 ) 0.50 Effect of tax rates in Argentina and Uruguay 1,519,558 (0.33 ) (1,700,857 ) 0.86 (1,308,482 ) 0.80 Prior year adjustments 643,271 (0.14 ) (585,257 ) 0.30 2,439,638 (1.40 ) Income tax, as reported (136,126,817 ) 29.71 (48,365,976 ) 24.62 (30,246,383 ) 17.80 Deferred taxes Deferred tax assets and liabilities included in the Consolidated Financial Statements are detailed as follows: As of December As of December 31, 2017 ThCh ThCh Deferred taxes assets Accounts receivable impairment provision 1,406,961 1,136,789 Other non-tax expenses 8,825,378 10,597,985 Benefits to staff 3,468,874 3,328,263 Inventory impairment provision 352,183 401,487 Severance indemnity 6,829,816 6,133,014 Inventory valuation 2,143,768 2,228,552 Intangibles 241,802 229,725 Other assets 10,639,754 10,436,908 Tax loss carryforwards 3,782,552 5,858,606 Total assets from deferred taxes 37,691,088 40,351,329 Deferred taxes liabilities Property, plant and equipment depreciation 51,471,109 45,380,381 Agricultural operation expenses 7,150,018 7,130,896 Manufacturing indirect activation costs 5,743,496 5,258,290 Intangibles 16,614,440 11,736,406 Land 25,408,185 23,313,756 Other liabilities 2,112,923 1,530,382 Total liabilities from deferred taxes 108,500,171 94,350,111 Total (70,809,083 ) (53,998,782 ) No deferred taxes have been recorded for temporary differences between the taxes and accounting value generated by investments in subsidiaries; consequently deferred tax is not recognized for the translation adjustments or investments in joint ventures and associates. In accordance with current tax laws in Chile, tax losses do not expire and can be applied indefinitely. Argentina, Uruguay and Paraguay tax losses expire after 5 years and Bolivia tax losses expire after 3 years. Changes in deferred tax assets are detailed as follows: Movement of deferred tax ThCh$ As of January 1, 2017 (54,950,823 ) Deferred taxes from tax loss carry forwards absortion 629,623 Conversion effect 369,646 Deferred taxes against equity (47,228 ) Changes 952,041 As of December 31, 2017 (53,998,782 ) As of January 1, 2018 Deferred taxes related to credited items (charged) directly to equity (1) (24,537,164 ) Deferred taxes from tax loss carry forwards absortion 8,644,117 Conversion effect (967,300 ) Deferred taxes against equity 339,533 Other deferred movements taxes (289,487 ) Changes (16,810,301 ) As of December 31, 2018 (70,809,083 ) (1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . On September 29, 2014 Act No. 20,780 was published in Chile, regarding the so called “Tax reform” which introduces amendments, among others, to the Income tax system. The said Act provides that corporations will apply by default the "Partially Integrated System", unless a future Extraordinary Shareholders Meeting agrees to opt for the "Attributed Income Regime”. The Act provides for the "Partially Integrated System" a gradual increase in the First Category Income tax rate, going from 20% to 21% for the business year 2014, to 22.5% for the business year 2015, to 24% for the business year 2016, to 25.5% for the business year 2017 and to 27% starting 2018 business year. Additionaly, in Argentina a Tax Reform No. 27,430 was approved by the government, which, amongst other measures, increases the excise tax on several beverages, including beer from 8% to 14% on the producer price, that applies as of March 1st, 2018, and also gradually reduces for the reporting year 2018 the corporate income tax rate from 35% to 25% (30% for the year 2018 and 2019, and 25% as the year 2020). The effects as of December 31st, 2017 were recognized, without affecting significantly the Consolidated Financial Statements. Additionally, on earnings distributed as dividends a retention will apply that will gradually increase from 0% to 13% (7% for the year 2018 and 2019, and 13% as the year 2020), applicable as of the reporting results 2018. This law also provides an option to revalue fixed assets excluding vehicles, on their values as of December 31, 2017, and it must be applied to all assets that belong to the same category. This revaluation can then be deducted as depreciation or as a tax cost when the good is sold. In the case of annual recurring depreciation, the remaining useful life of the assets to be re-evaluated can never be less than 5 years. In the case of sale in the first two years, the value of the revaluation to be considered is reduced by 60% (first year) or 30% (second year) |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Employee benefits [Abstract] | |
Disclosure Of Employee Benefits Explanatory [Text Block] | Note 25 Employee Benefits The Company grants short term and employment termination benefits as part of its compensation policies. The Parent Company and its subsidiaries have collective agreements with their employees, which establish the compensation and/or short–term and long-term benefits for their staff, the main features of which are described below: Short-term benefits are generally based on combined plans or agreements, designed to compensate benefits received, such as paid vacation, annual performance bonuses and compensation through annuities. Long-term benefits are plans or agreements mainly intended to cover the post-employment benefits generated at the end of the labour relationship, be it by voluntary resignation or death of personnel hired. The cost of such benefits is charged against income, in the “Personnel Expense” item. As of December 31, 2018 and 2017 , the total staff benefits recorded in the Consolidated Statement of Financial Position is detaileds as follows: As of December 31, 2018 As of December 31, 2017 Employees’ Benefits Current Non current Current Non current ThCh ThCh ThCh ThCh Short term benefits 31,600,044 - 26,050,387 - Employment termination benefits 194,119 26,901,088 182,106 23,517,009 Total 31,794,163 26,901,088 26,232,493 23,517,009 Employees’ Bonuses Short-term benefits are mainly comprised of recorded vacation (on accruals basis), bonuses and share compensation. Such benefits are recorded when the obligation is accrued and are usually paid within a 12-month periods, consequently, they are not discounted. The total short-term benefits recorded in the Consolidated Statement of Financial Position are detailed as follows: Short-Term Employees’ Benefits As of December 31, 2018 As of December 31, 2017 ThCh ThCh Vacation 10,518,298 9,932,727 Bonus and compensation 21,081,746 16,117,660 Total 31,600,044 26,050,387 The Company records staff vacation cost on an accrual basis. Severance Indemnity The Company records a liability for the payment of an irrevocable severance indemnity, originated by collective and individual agreements entered into with certain groups of employees. Such obligation is determined by means of the current value of the benefit accrued cost, a method that considers several factors for the calculation such as estimates of future continuance, mortality rates, future salary increases and discount rates. The Company periodically evaluates the above-mentioned factors based on historical data and future projections, making adjustments that apply when checking changes sustained trend. The so-determined value is presented at the current value by using the severance benefits accrued method. The discount rate is determined by reference to market interest rates curves for high quality entrepreneurial bonds. The discount rate in Chile was 5,69% ( 5,96% in 2017 ) and in Argentina 34,62% ( 24,55% in 2017 ). The obligation recorded for severance indemnity is detailed as follows: Severance Indemnity As of December 31, 2018 As of December 31, 2017 ThCh ThCh Current 194,119 182,106 Non-current 26,901,088 23,517,009 Total 27,095,207 23,699,115 The change in the severance indemnity is detailed as follows: Severance Indemnity ThCh Balance as of January 1, 2017 22,153,423 Current cost of service 1,942,099 Interest cost 1,850,598 Actuarial (Gain) losses (99,357 ) Paid-up benefits (1,934,587 ) Past service cost 604,337 Conversion effect (694,189 ) Others (123,209 ) Changes 1,545,692 As of December 31, 2017 23,699,115 Current cost of service 2,154,071 Interest cost 1,742,273 Actuarial (Gain) losses 1,322,754 Paid-up benefits (1,640,831 ) Past service cost 306,746 From combinations (1) 776,718 Conversion effect (1,281,341 ) Others 15,702 Changes 3,396,092 As of December 31, 2018 27,095,207 (1) See Note 15 – Business combinations, letter a) . The figures recorded in the Consolidated Statement of Income, are detailed as follows: For the years ended as of December 31, Expense recognized for severance indemnity 2018 2017 2016 ThCh ThCh ThCh Current cost of service 2,154,071 1,942,099 1,650,484 Past service cost 306,746 604,337 342,039 Non-provided paid benefits 6,547,694 6,023,869 7,851,201 Other 175,005 269,377 1,114,112 Total expense recognized in Consolidated Statement of Income 9,183,516 8,839,682 10,957,836 Actuarial Assumptions As mentioned in Note 2 - Summary of significant accounting policies, 2.20 , the severance payment obligation is recorded at its actuarial value. The main actuarial assumptions used for the calculation of the severance indemnity obligation are detailed as follows: Chile Argentina Actuarial Assumptions As of December 31, 2018 As of December 31, 2017 As of December 31, 2018 As of December 31, 2017 Mortality table RV-2014 RV-2014 Gam,83 Gam '83 Annual interest rate 5,69% 5,96% 34,62% 24,55% Voluntary employee turnover rate 1,9% 1,9% "ESA 77 Ajustada" - 50% "ESA 77 Ajustada" - 50% Company’s needs rotation rate 5,3% 5,3% "ESA 77 Ajustada" - 50% "ESA 77 Ajustada" - 50% Salary increase (*) 3,7% 3,7% 28,27% 18,68% Officers 60 60 60 60 Estimated retirement age for (*) Other Male 65 65 65 65 Female 60 60 60 60 (*) Average of the Company. Sensitivity Analysis The Following is a sensitivity analysis based on increased (decreased) of 1 percent on the discount rate: Sensitivity Analysis As of December 31, 2018 As of December 31, 2017 ThCh ThCh 1% increase in the Discount Rate (Gain) 1,623,794 1,457,410 1% decrease in the Discount Rate (Loss) (1,880,258 ) (1,684,968 ) Personnel expense The amounts recorded in the Consolidated Statement of Income are detailed as follows: For the years ended as of December 31, Personal expense 2018 2017 2016 ThCh ThCh ThCh Salaries 159,246,822 151,944,702 145,766,757 Employees’ short-term benefits 31,528,110 27,588,955 23,189,206 Total expenses for short-term employee benefits 190,774,932 179,533,657 168,955,963 Employments termination benefits 9,183,516 8,839,682 10,957,836 Other staff expense 32,183,184 32,485,170 30,971,754 Total (1) 232,141,632 220,858,509 210,885,553 (1) See Note 29 – Natures of cost and expense . |
Other non-financial liabilities
Other non-financial liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other non financial liabilities [Abstract] | |
Disclosure Of Other Non Financial Liabilities Explanatory [Text Block] | Note 26 Other non-financial liabilities The total Other non-financial liabilities are detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Parent dividend provisioned by the board 51,730,402 25,865,201 Parent dividend provisioned according to policy 101,714,994 38,938,475 Outstanding parent dividends 684,158 709,790 Subsidiaries dividends according to policy 7,502,145 8,758,691 Total dividends payable 161,631,699 74,272,157 Income received in advance (1) 2,497,811 - Others 426,030 26,142 Total 164,555,540 74,298,299 Current 164,555,540 74,298,299 Total 164,555,540 74,298,299 (1) See Note 1 – General information, letter C) . |
Common Shareholders' Equity
Common Shareholders' Equity | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of equity attributable to owners of parent [Abstract] | |
Disclosure Of Equity Attributable To Owners Of Parent Explanatory [Text Block] | Note 27 Common Shareholders’ Equity Subscribed and paid-up Capital As of December 31, 2018 , December 31, 2017 and December 31, 2016, the Company’s capital shows a balance of ThCh$ 562,693,346, divided into 369,502,872 shares of common stock without face value, entirely subscribed and paid-up. The Company has issued only one series of common shares. Such common shares are registered for trading at the Santiago Stock Exchange and the Chilean Electronic Stock Exchange, and at the New York Stock Exchange /NYSE), evidenced by ADS (American Deposcitary Shares), with an equivalence of two shares per ADS (Se e Note 1 – General information ). The Company has not issued any others shares or convertible instruments during the period, thus changing the number of outstanding shares as of December 31, 2018 and 2017 and 2016. Capital Management The main purpose, when managing shareholder’s capital, is to maintain an adequate credit risk profile and a healthy capital ratio, allowing the access of the Company to the capitals market for the development of its medium and long term purposes and, at the same time, to maximize shareholder’s return. Income per share The basic income per share is calculated as the ratio between the net income (loss) of the term corresponding to shares holders and the weighted average number of valid outstanding shares during such term. The diluted earnings per share is calculated as the ratio between the net income (loss) for the period attributable to shares holders and the weighted average additional common shares that would have been outstanding if it had become all ordinary potential dilutive shares. The information used for the calculation of the income as per each basic and diluted share is as follows: Income per share For the years ended as of December 31, 2018 2017 2016 Equity holders of the controlling company (ThCh$) 306,890,792 129,607,353 118,457,488 Weighted average number of shares 369,502,872 369,502,872 369,502,872 Basic income per share (in Chilean pesos) 830.55 350.76 320.59 Equity holders of the controlling company (ThCh$) 306,890,792 129,607,353 118,457,488 Weighted average number of shares 369,502,872 369,502,872 369,502,872 Diluted income per share (in Chilean pesos) 830.55 350.76 320.59 As of December 31, 2018, 2017 and 2016 , the Company has not issued any convertible or other kind of instruments creating diluting effects. Distributable net income In accordance with Circular No 1945 from the CMF on November 4, 2009, the Board of Directors agreed that the net distributable income for the year 2009 will be that reflected in the financial statements attributable to equity holders of the parents, without adjusting it. The above agreement remains in effect for the year ended December 31, 2018 . Dividends The Company’s dividends policy consists of annually distributing at least 50% of the net distributable profit of the year. As of December 31, 2018, 2017 and 2016 , the Company has distributed the following dividends: Dividend Nº Payment Date Type of Dividend Dividends per Share ( Ch$ ) Related to FY 250 01-06-2017 Interim 66.0000 2015 251 04-26-2017 Final 97.47388 2015 252 01-05-2018 Interim 66.0000 2016 253 04-26-2018 Final 110.32236 2016 254 01-05-2018 Interim 70.0000 2017 255 04-26-2018 Final 108.88833 2017 256 01-04-2019 Interim 140.0000 2018 On December 1, 2015, at the Ordinary Board Director Meeting it was agreed to pay the interim Dividend No. 250, amounting to ThCh$ 24,387,190 corresponding to 66 per share. This dividend was paid on January 8, 2016. On April 13, 2016, at the Shareholders Meeting it was agreed to pay the final Dividend No. 251, amounting to ThCh$ 36,016,878 corresponding to 97.47388 per share. This dividend was paid on April 22, 2016. On December 6, 2016, at the Ordinary Board Director Meeting it was agreed to pay the interim Dividend No. 252, amounting to ThCh$ 24,387,190 corresponding to 66 per share. This dividend was paid on January 6, 2017. On April 12, 2017, at the Shareholders Meeting it was agreed to pay the final Dividend No. 253, amounting to ThCh$ 40,764,427 corresponding to the 34.41% of Net income attibutable to Equity holders of the parent, equivalent to 110.32236 per share. This dividend was paid on April 26, 2017. On December 6, 2017, at the Ordinary Board Director Meeting it was agreed to pay the interim Dividend No. 254, amounting to ThCh$ 25,865,201 corresponding to 70 per share. This dividend was paid on January 5, 2018. On April 11, 2018, at the Shareholders Meeting it was agreed to pay the final Dividend No. 255, amounting to ThCh$ 40,234,551 corresponding to the 31.04% of Net income attibutable to Equity holders of the parent, equivalent to Ch$ 108.88833 per share. This dividend was paid on April 26, 2018. On December 5, 2018, at the Ordinary Board Director Meeting it was agreed to pay the interim Dividend No. 256, amounting to ThCh$ 51,730,402 corresponding to Ch$ 140 per share. This dividend was paid on January 4, 2019. Consolidated Statement of Comprehensive Income Comprehensive income and expenses are detailed as follows: Other Income and expense charged or credited against net equity Gross Balance Tax Net Balance ThCh ThCh ThCh Gains (losses) on cash flow hedges (1) 63,008 (16,196 ) 46,812 Gains (losses) on exchange differences on translation (1) 37,990,079 - 37,990,079 Reserve of Actuarial gains and losses on defined benefit plans (1,263,781 ) 339,533 (924,248 ) Total comprehensive income As of December 31, 2018 36,789,306 323,337 37,112,643 Other Income and expense charged or credited against net equity Gross Balance Tax Net Balance ThCh ThCh ThCh Gains (losses) on cash flow hedges (1) (5,661 ) 728 (4,933 ) Gains (losses) on exchange differences on translation (1) (34,786,480 ) - (34,786,480 ) Reserve of Actuarial gains and losses on defined benefit plans 19,669 (47,228 ) (27,559 ) Total comprehensive income As of December 31, 2017 (34,772,472 ) (46,500 ) (34,818,972 ) Other Income and expense charged or credited against net equity Gross Balance Tax Net Balance ThCh ThCh ThCh Cash flow hedge (1) 84,962 (20,648 ) 64,314 Conversion differences of subsidiaries abroad (27,280,176 ) - (27,280,176 ) Reserve of Actuarial gains and losses on defined benefit plans (2,355,384 ) 659,198 (1,696,186 ) Total comprehensive income As of December 31, 2016 (29,550,598 ) 638,550 (28,912,048 ) (1) These concepts will be reclassified to the Statement of Income when it’s settled . The movement of comprehensive income and expense is detailed as follows: a) As of December 31, 2018 : Changes Reserve of exchange differences on translation Reserve of cash flow hedges Reserve of Actuarial gains and losses on defined benefit plans Total other reserves ThCh ThCh ThCh ThCh Conversion of joint ventures and foreign subsidiaries (55,755,054 ) 63,008 (1,263,781 ) (56,955,827 ) Deferred taxes - (16,196 ) 339,533 323,337 Inflation adjustment of subsidiaries in Argentina 93,745,133 - - 93,745,133 Total changes in equity 37,990,079 46,812 (924,248 ) 37,112,643 Equity holders of the parent 35,487,433 51,944 (882,063 ) 34,657,314 Non-controlling interests 2,502,646 (5,132 ) (42,185 ) 2,455,329 Total changes in equity 37,990,079 46,812 (924,248 ) 37,112,643 b) As of December 31, 2017 : Changes Reserve of exchange differences on translation Reserve of cash flow hedges Reserve of Actuarial gains and losses on defined benefit plans Total other reserves ThCh ThCh ThCh ThCh Conversion of joint ventures and foreign subsidiaries (34,786,480 ) (5,661 ) 19,669 (34,772,472 ) Deferred taxes - 728 (47,228 ) (46,500 ) Total changes in equity (34,786,480 ) (4,933 ) (27,559 ) (34,818,972 ) Equity holders of the parent (32,982,829 ) (10,837 ) (32,794 ) (33,026,460 ) Non-controlling interests (1,803,651 ) 5,904 5,235 (1,792,512 ) Total changes in equity (34,786,480 ) (4,933 ) (27,559 ) (34,818,972 ) c) As of December 31, 2016: Changes Reserve of exchange differences on translation Reserve of cash flow hedges Reserve of Actuarial gains and losses on defined benefit plans Total other reserves ThCh ThCh ThCh ThCh Conversion of joint ventures and foreign subsidiaries (27,280,176 ) (399,559 ) (2,355,384 ) (30,035,119 ) Deferred taxes - 89,983 659,198 749,181 Reclassification to the result by function - 484,521 - 484,521 Reclassification of deferred taxes related to other reserves - (110,631 ) - (110,631 ) Total changes in equity (27,280,176 ) 64,314 (1,696,186 ) (28,912,048 ) Equity holders of the parent (25,123,546 ) 41,607 (1,623,299 ) (26,705,238 ) Non-controlling interests (2,156,630 ) 22,707 (72,887 ) (2,206,810 ) Total changes in equity (27,280,176 ) 64,314 (1,696,186 ) (28,912,048 ) Other Reserves The reserves that are a part of the Company’s equity are as follows: Currency Translation Reserves foreign subsidiaries’ and joint ventures financial statements which functional currency is different from the presentation currency of the Consolidated Financial Statements and inflation adjustment of subsidiaries in Argentina. As of December 31, 2018 , 2017 and 2016, it amounts to a negative reserve of ThCh$ 118,054,328 ThCh$ 153,541,761 and ThCh$ 120,558,932 , respectively. Hedge reserve : This reserve originated from the hedge accounting application of financial liabilities. The reserve is reversed at the end of the hedge agreement, or when the transaction ceases qualifying hedge accounting, whichever is first. The reserve effects are transferred to income. As of December 31, 2018 , 2017 and 2016, it amounts to a positive reserve of ThCh$ 80,188 , ThCh$ 28,244 and ThCh$ 39,081 respectively, net of deferred taxes. Actuarial gains and losses on defined benefit plans reserves: As of December 31, 2018, 2017 and 2016 the amount recorded is a negative reserve of ThCh$ 4,840,574 , ThCh$ 3,958,511 and ThCh$ 3,925,717, respectively, net of deferred taxes. Other reserves : As of December 31, 2018, 2017 and 2016 the amount is a negative reserve of ThCh$ 28,233,512 , ThCh$ 20,603,251 and ThCh$ 18,527,810 , respectively. Such reserves relate mainly to the following concepts: - Adjustment due to re-assessment of fixed assets carried out in 1979 (increased for ThCh$ 4,087,396). - Price level restatement of paid-up capital registered as of December 31, 2008, according to CMF Circular Letter Nª456 (decreased for ThCh$ 17,615,333). - Difference in purchase of shares of the subsidiary Viña San Pedro Tarapacá S.A. made during year 2012 and 2013 (decreased for ThCh$ 9,779,475). - Difference in purchase of shares of the subsidiary Manantial S.A. made during year 2016 (decreased for ThCh$ 7,801,153). - Difference in purchase of shares of the Alimentos Nutrabien S.A. made during year 2016 (decreased for ThCh$ 5,426,209). On December 17, 2018 Food's and subsidiary CCU Inversiones S.A. sold their participation over Alimentos Nutrabien S.A. The aforehead effect was accounted in result of the exercise. - Difference in purchase of shares of the subsidiary Viña San Pedro Tarapacá S.A. made during year 2018 and 2017 (decreased for ThCh$ 13,054,114 and ThCh$ 2,075,441, respectively). |
Non-controlling Interests
Non-controlling Interests | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Non-controlling interests [Abstract] | |
Disclosure of non-controlling interests [text block] | Note 28 Non-controlling Interests Non-controlling Interests are detailed as follows: a. Equity Equity As of December 31, 2018 As of December 31, 2017 ThCh ThCh Viña San Pedro Tarapacá S.A. 39,007,270 72,189,322 Bebidas del Paraguay S.A. 18,803,673 17,624,239 Aguas CCU-Nestlé Chile S.A. 24,118,966 20,347,714 Cervecería Kunstmann S.A. 8,118,212 6,684,320 Compañía Pisquera de Chile S.A. 5,109,395 4,898,600 Saenz Briones & Cía. S.A.I.C. 1,179,410 680,303 Distribuidora del Paraguay S.A. 4,445,452 2,806,825 Bebidas Bolivianas BBO S.A. (1) 7,075,032 - Other 1,131,825 520,228 Total 108,989,235 125,751,551 (1) See Note 15 – Business combinations, letter a) . b. Result For the years ended as of December 31, Result 2018 2017 2016 ThCh ThCh ThCh Aguas CCU-Nestlé Chile S.A. 7,587,140 7,814,358 8,377,672 Viña San Pedro Tarapacá S.A. 2,520,768 6,223,423 9,887,477 Cervecería Kunstmann S.A. 2,772,074 1,979,976 1,636,906 Compañía Pisquera de Chile S.A. 1,154,401 954,046 790,152 Saenz Briones & Cía. S.A.I.C. 42,787 33,027 11,184 Distribuidora del Paraguay S.A. 1,431,158 906,728 255,683 Bebidas del Paraguay S.A. 210,568 580,406 576,986 Bebidas Bolivianas BBO S.A. (1) (552,816 ) - - Other 27,659 9,102 88,339 Total 15,193,739 18,501,066 21,624,399 (1) See Note 15 – Business combinations, letter a) . c. The Summarized financial information of non controlling interest is detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Assets and Liabilities Current assets 711,482,809 610,476,810 Non-currente assets 829,511,196 746,352,848 Current liabilities 399,409,388 337,171,241 Non-current liabilities 149,602,171 159,841,007 Dividends paid 3,212,105 10,150,528 The main significant Non-controlling interest is represented by Viña San Pedro Tarapacá S.A. with the following balances: Assets and Liabilities As of December 31, 2018 As of December 31, 2017 ThCh ThCh Assets and Liabilities Current assets 156,118,074 141,114,944 Non-currente assets 185,841,247 174,184,006 Current liabilities 80,877,682 63,872,711 Non-current liabilities 31,550,148 31,221,369 For the years ended as of December 31, Result 2018 2017 2016 ThCh ThCh ThCh Net sales 206,518,731 204,453,782 201,402,052 Net income of year 14,833,018 17,715,119 28,021,996 Dividends paid by Viña San Pedro Tarapacá S.A. amounted to ThCh$ 9,070,285, ThCh$ 13,602,317 and ThCh$ 17,682,375, for the years ended December 31, 2018, 2017 and 2016 , respectively. |
Nature of cost and expense
Nature of cost and expense | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of expenses by nature [Abstract] | |
Disclosure of expenses by nature [text block] | Note 29 Nature of cost and expense Operational cost and expenses grouped by nature are detailed as follows: For the years ended as of December 31, Costs and expenses by nature 2018 2017 2016 ThCh ThCh ThCh Direct cost 650,386,343 586,223,676 540,692,964 Personnel expense (1) 232,141,632 220,858,509 210,885,553 Transportation and distribution 243,907,283 235,265,049 230,047,942 Advertising and promotion 118,003,908 129,603,036 105,938,586 Depreciation and amortization 93,289,194 92,199,504 83,528,045 Materials and maintenance 46,610,947 46,172,647 47,102,582 Energy 29,309,465 25,940,847 24,444,163 Leases 17,727,367 15,929,047 16,294,896 Other expenses 111,639,503 117,992,179 104,455,411 Total 1,543,015,642 1,470,184,494 1,363,390,142 (1) See Note 25 - Employee benefits. |
Other income by function
Other income by function | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other income by function [Abstract] | |
Disclosure Of Other Income By Function Explanatory [Text Block] | Note 30 Other incomes by function Other income by function is detailed as follows: For the years ended as of December 31, Other incomes by function 2018 2017 2016 ThCh ThCh ThCh Sales of fixed assets 2,464,820 1,641,317 2,605,720 Lease expense 266,335 535,555 382,934 Sale of glass 731,111 1,334,123 549,787 Claims recovery 831,230 761,290 589,396 Advance term license (1) 213,400,487 - - Other 10,761,071 2,445,617 1,016,317 Total 228,455,054 6,717,902 5,144,154 (1) See brands in Note 1 – General information, letter C) . |
Other Gains (Losses)
Other Gains (Losses) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other gains losses [Abstract] | |
Disclosure Of Other Gains Losses Explanatory [Text Block] | Note 31 Other Gains (Losses) Other gains (losses) items are detailed as follows: For the years ended as of December 31, Other gain and (loss) 2018 2017 2016 ThCh ThCh ThCh Results derivative contracts (1) 5,108,327 (8,010,204 ) (10,134,414 ) Marketable securities to fair value (132,420 ) 293,413 84,133 Other (946,280 ) - 1,704,374 Total 4,029,627 (7,716,791 ) (8,345,907 ) (1) Under this concept the Company (payment) or received cash flows amounting to ThCh$ 7,508,815 (payment), ThCh$ 11,391,103 (payment) and ThCh$ 9,698,871 received, corresponding to 2018 , 2017 and 2016 , respectively, and these were recorded in the Consolidated Cash Flow Statement, under Operational activities, in line item Other cash movements. |
Financial results
Financial results | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of income statement [Abstract] | |
Disclosure Of Income Statement Explanatory [Text Block] | Note 32 Financial results The financial results composition is detailed as follows: For the years ended as of December 31, Financial results 2018 2017 2016 ThCh ThCh ThCh Finance income 15,794,456 5,050,952 5,680,068 Finance costs (23,560,662 ) (24,166,313 ) (20,307,238 ) Foreign currency exchange differences 3,299,657 (2,563,019 ) 456,995 Result as per adjustment units 742,041 (110,539 ) (2,246,846 ) |
Effects of changes in currency
Effects of changes in currency exchange rate | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Effects of changes in foreign exchange rate [Abstract] | |
Disclosure of effect of changes in foreign exchange rates [text block] | Note 33 Effects of changes in currency exchange rate Current assets are denominated in the following currencies: CURRENT ASSETS As of December 31, 2018 As of December 31, 2017 ThCh ThCh Current assets Cash and cash equivalents 319,014,050 170,044,602 CLP 260,844,976 137,686,421 USD 19,026,630 5,178,619 Euros 954,640 182,966 ARS 33,207,046 17,983,303 UYU 548,975 718,348 PYG 2,495,748 7,758,211 BOB 1,259,765 - Others currencies 676,270 536,734 Other financial assets 22,745,469 10,724,196 CLP 1,284,308 1,669,678 USD 20,990,836 8,992,300 Euros 438,369 44,126 Others currencies 31,956 18,092 Other non-financial assets 18,861,414 15,834,225 CLP 14,998,511 11,758,075 UF 282,494 275,568 USD 860,506 791,191 Euros 5,078 173,165 ARS 2,061,473 2,593,125 UYU 72,792 37,956 PYG 434,399 205,145 BOB 146,161 - Trade and other current receivables 320,702,339 286,213,598 CLP 191,891,137 183,758,319 UF 1,394,916 138,261 USD 34,113,849 27,810,990 Euros 10,152,559 9,326,882 ARS 65,748,507 54,194,474 UYU 5,128,068 4,372,909 PYG 8,588,066 5,495,532 BOB 1,340,388 - Others currencies 2,344,849 1,116,231 Accounts receivable from related parties 3,048,841 5,810,764 CLP 2,959,696 5,652,643 UF 79,231 109,120 USD 9,480 40,039 PYG 434 8,962 Inventories 228,062,237 201,987,891 CLP 181,084,437 166,761,797 USD 198,068 374,473 Euros - 17,363 ARS 34,392,396 27,356,020 UYU 2,403,427 1,966,752 PYG 7,669,975 5,511,486 BOB 2,313,934 - Biological assets 8,489,873 8,157,688 CLP 7,914,384 7,666,639 ARS 575,489 491,049 Current tax assets 17,302,429 28,027,878 CLP 13,262,197 21,407,803 ARS 3,922,627 6,620,075 UYU 117,605 - Non-current assets of disposal groups classified as held for sale 2,780,607 2,305,711 CLP 1,884,958 2,046,178 ARS 895,649 259,533 Total current assets 941,007,259 729,106,553 CLP 676,124,604 538,407,553 UF 1,756,641 522,949 USD 75,199,369 43,187,612 Euros 11,550,646 9,744,502 ARS 140,803,187 109,497,579 UYU 8,270,867 7,095,965 PYG 19,188,622 18,979,336 BOB 5,060,248 - Others currencies 3,053,075 1,671,057 Total current assets by currencies 941,007,259 729,106,553 Non-Current assets are denominated in the following currencies: NON-CURRENT ASSETS As of December As of December 31, 2017 ThCh ThCh Non-current assets Other financial assets 3,325,079 1,918,191 UF 3,325,079 1,918,191 Trade and other non-current receivables 3,363,123 3,974,395 CLP 88,306 190,015 UF 1,283,676 2,452,475 ARS 1,804,963 1,331,905 PYG 186,178 - Other non-financial assets 5,007,150 4,644,827 CLP 4,278,605 3,493,654 USD 173,693 664,290 ARS 540,495 472,141 PYG 14,357 14,742 Accounts receivable from related parties 190,865 258,471 UF 190,865 258,471 Investments accounted for using the equity method 142,017,781 99,270,280 CLP 19,407,798 26,782,445 USD 122,031,829 72,128,873 ARS 578,154 358,962 Intangible assets other than goodwill 118,964,142 77,032,480 CLP 67,739,510 65,914,305 ARS 37,960,927 4,385,112 UYU 2,912,675 2,975,596 PYG 3,848,057 3,757,467 BOB 6,502,973 - Goodwill 123,044,901 94,617,474 CLP 75,577,909 76,119,432 USD 22,298,304 12,853,153 ARS 24,889,792 5,381,779 PYG 278,896 263,110 Property, plant and equipment (net) 1,021,266,631 917,913,428 CLP 830,151,351 808,313,408 USD - 1,681 Euros - 94,776 ARS 142,669,147 78,183,157 UYU 14,890,634 14,739,411 PYG 18,030,887 16,580,995 BOB 15,524,612 - Investment property 8,715,956 5,825,359 CLP 4,332,690 4,862,410 ARS 4,383,266 962,949 Deferred tax assets 37,691,088 40,351,329 CLP 32,989,545 36,530,783 ARS 2,955,530 3,601,765 UYU 223,831 180,761 PYG 47,456 38,020 BOB 1,474,726 - Current tax assets non current 1,270,941 1,316,300 CLP 1,172,749 1,173,281 ARS 98,192 143,019 Total non-current assets 1,464,857,657 1,247,122,534 CLP 1,035,738,463 1,023,379,733 UF 4,799,620 4,629,137 USD 144,503,826 85,647,997 Euros - 94,776 ARS 215,880,466 94,820,789 UYU 18,027,140 17,895,768 PYG 22,405,831 20,654,334 BOB 23,502,311 - Total non-current assets by currencies 1,464,857,657 1,247,122,534 Current liabilities are denominated in the following currencies: As of December 31, 2018 As of December 31, 2017 CURRENT LIABILITIES Until 90 days More the 91 days until 1 year Until 90 days More the 91 days until 1 year ThCh ThCh ThCh ThCh Current liabilities Other financial liabilities 11,197,060 51,569,886 16,761,881 36,829,777 CLP 1,579,060 19,510,742 1,621,976 17,844,529 UF 1,695,546 13,302,035 823,223 2,798,184 USD 4,509,884 16,667,379 10,096,603 10,571,414 Euros 1,153,302 - 694,056 355,650 ARS 2,098,712 1,762,947 3,122,166 4,971,531 UI 110,633 326,783 403,857 288,469 BOB 38,735 - - - Others currencies 11,188 - - - Trade and other current payables 297,834,912 5,545,256 280,932,266 749,287 CLP 177,575,915 1,796,915 169,971,096 - UF - - 5,847 - USD 43,335,127 2,746,757 34,814,603 498,752 Euros 4,921,252 974,462 6,030,900 250,535 ARS 63,786,646 612 65,677,731 - UYU 2,202,163 - 1,978,456 - PYG 2,367,325 26,444 2,179,652 - BOB 3,302,514 - - - Others currencies 343,970 66 273,981 - Accounts payable to related parties 6,651,051 285,859 10,069,043 - CLP 4,042,438 - 4,616,727 - USD 903,988 285,859 3,980,612 - Euros 1,619,082 - 1,416,055 - PYG 11,267 - 9,077 - BOB 11,879 - - - Others currencies 62,397 - 46,572 - Other current provisions 271,812 133,257 297,500 52,275 CLP 5,380 133,257 - 52,275 ARS 266,432 - 297,500 - Current tax liabilities 56,895,995 18,989,454 18,162,016 4,364,618 CLP 3,932,875 18,989,454 5,663,732 4,364,618 ARS 52,201,867 - 12,383,112 - UYU 249,988 - 115,172 - PYG 511,265 - - - Provisions for employee benefits 16,181,182 15,612,981 25,751,992 480,501 CLP 5,530,208 15,612,981 17,619,085 480,501 ARS 9,839,822 - 7,521,224 - UYU 383,167 - 335,454 - PYG 271,167 - 276,229 - BOB 156,818 - - - Other non-financial liabilities 2,479,960 162,075,580 25,891,422 48,406,877 CLP - 162,075,580 25,865,201 48,406,877 USD 2,467,789 - - - ARS 12,171 - 26,221 - Total current liabilities 391,511,972 254,212,273 377,866,120 90,883,335 CLP 192,665,876 218,118,929 225,357,817 71,148,800 UF 1,695,546 13,302,035 829,070 2,798,184 USD 51,216,788 19,699,995 48,891,818 11,070,166 Euros 7,693,636 974,462 8,141,011 606,185 ARS 128,205,650 1,763,559 89,027,954 4,971,531 UYU 2,835,318 - 2,429,082 - PYG 3,161,024 26,444 2,464,958 - UI 110,633 326,783 403,857 288,469 BOB 3,509,946 - - - Others currencies 417,555 66 320,553 - Total current liabilities by currency 391,511,972 254,212,273 377,866,120 90,883,335 Non-Current liabilities are denominated in the following currencies: As of December 31, 2018 As of December 31, 2017 NON-CURRENT LIABILITIES More than 1 year until 3 years More than 3 year until 5 years Over 5 years More than 1 year until 3 years More than 3 year until 5 years Over 5 years ThCh ThCh ThCh ThCh ThCh ThCh Non-current liabilities Other financial liabilities 24,970,597 68,367,746 134,846,954 30,868,247 70,976,079 59,157,406 CLP 3,412,966 55,837,517 43,764 5,332,817 55,750,482 - UF 10,724,171 10,786,277 131,315,290 22,924,023 15,225,597 59,157,406 USD 8,059,332 - - - - - Euros 157,028 - - - - - ARS 1,727 - - 2,611,407 - - UI 871,421 - - - - - BOB 1,743,952 1,743,952 3,487,900 - - - Trade and other non-current payables 5,142 - 7,271 541,783 - - CLP - - 7,271 404,081 - - UF - - - 7,068 - - USD - - - 130,634 - - BOB 5,142 - - - - - Other non- current provisions 239,300 281,654 6,904,805 735,410 - 504,979 CLP 19,056 - 6,731,027 57,252 - - ARS 81,026 281,654 173,778 544,254 - 504,979 UYU 139,218 - - 133,904 - - Deferred tax liabilities 23,241,269 14,084,656 71,174,246 27,074,149 9,333,081 57,942,881 CLP 20,302,096 12,761,025 56,936,976 26,303,193 8,892,998 53,811,477 ARS 2,839,763 1,315,431 10,490,282 735,208 431,503 2,703,872 UYU 46,754 - 897,718 - - 989,517 PYG 52,656 8,200 422,346 35,748 8,580 438,015 BOB - - 2,426,924 - - - Provisions employee benefits 1,258,674 - 25,642,414 301,903 - 23,215,106 CLP - - 22,959,627 - - 20,052,918 ARS - - 2,682,787 - - 3,162,188 PYG 391,302 - - 301,903 - - BOB 867,372 - - - - - Total non-current liabilities 49,714,982 82,734,056 238,575,690 59,521,492 80,309,160 140,820,372 CLP 23,734,118 68,598,542 86,678,665 32,097,343 64,643,480 73,864,395 UF 10,724,171 10,786,277 131,315,290 22,931,091 15,225,597 59,157,406 USD 8,059,332 - - 130,634 - - Euros 157,028 - - - - - ARS 2,922,516 1,597,085 13,346,847 3,890,869 431,503 6,371,039 UYU 185,972 - 897,718 133,904 - 989,517 PYG 443,958 8,200 422,346 337,651 8,580 438,015 UI 871,421 - - - - - BOB 2,616,466 1,743,952 5,914,824 - - - Total non-current liabilities by currency 49,714,982 82,734,056 238,575,690 59,521,492 80,309,160 140,820,372 |
Contingencies and Commitments
Contingencies and Commitments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of commitments and contingent liabilities [Abstract] | |
Disclosure of commitments and contingent liabilities [text block] | Note 34 Contingencies and Commitments Operating lease agreements The total amount of the Company’s obligations with third parties relating to lease operating and services agreements that can not be terminated is detailed as follows: Lease operating and services agreements not to be terminated As of December 31, 2018 ThCh Within 1 year 56,311,446 Between 1 and 5 years 59,404,285 Over 5 years 22,661,389 Total 138,377,120 Purchase and supply agreements The total amount of the Company’s obligations to third parties relating to purchase and supply agreements as of December 31, 2018 is detailed as follows: Purchase and supply agreements Purchase and supply agreements Purchase and contract related to wine and grape ThCh ThCh Within 1 year 232,661,581 13,324,315 Between 1 and 5 years 839,140,078 15,158,909 Over 5 years 237,038,942 236,222 Total 1,308,840,601 28,719,446 Capital investment commitments As of December 31, 2018 , the Company had capital investment commitments related to Property, Plant and Equipment and Intangibles (software) for approximately ThCh$ 39,412,982 . Litigation The following are the most significant proceedings faced by the Company and its subsidiaries, including all those present a possible risk of occurrence and causes whose committed amounts, individually, are more than ThCh$ 25,000. Those losses contingencies for which an estimate cannot be made have been also considered. Trials and claim Subsidiary Court Description Status Estimated accrued loss contingency Comercial CCU S.A. Labour Court. Labor trial. Appeal of first instance verdict. ThCh$ 17,604 Comercial CCU S.A. Labour Court. Labor trial. Appeal of first instance verdict. ThCh$ 21,268 Comercial CCU S.A. Labour Court. Labor trial. Appeal of first instance verdict. ThCh$ 26,027 Viña San Pedro Tarapacá S.A. Labour Court. Labor trial. Execution phase. ThCh$ 15,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 17,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Ruling enforcement. US$ 18,000 Compañía Industrial Cervecera S.A. (CICSA) Commercial Court. Distributor claim for to the termination of distribution agreeent. Evidentiary stage. US$ 38,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 36,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 39,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 37,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 35,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 24,000 Subsidiary Court Description Status Estimated accrued loss contingency Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 39,000 Compañía Industrial Cervecera S.A. (CICSA) Several Tax claims. Evidentiary stage. US$ 383,000 Saenz Briones & Cía S.A.I.C. Labur Court. Labor trial. Evidentiary stage. US$ 51,000 Saenz Briones & Cía S.A.I.C. Labur Court. Labor trial. Evidentiary stage. US$ 42,000 Saenz Briones & Cía S.A.I.C. Labur Court. Labor trial. Evidentiary stage. US$ 18,000 The Company and its subsidiaries have established provisions to allow for such contingencies for ThCh$ 893,631 and ThCh$ 1,300,695 , as of December 31, 2018 and 2017 , respectively (See Note 23 – Other provisions ). Tax processes At the date of issue of these consolidated financial statements, there is no tax litigation that involves significant passive or taxes in claim different to mentioned in Note 24 – Income Tax . Guarantees As of December 31, 2018, CCU and its subsidiaries have not granted direct guarantees as part of their usual financing operations. However, indirect guarantees have been constituted, in the form of stand-by and general security product of financing. The main terms of the indirect guarantees constituted are detailed below: The loan obtained by the subsidiary CICSA in Argentina, as described in N ote 21- Other financial liabilities , is guaranteed by CCU S.A. through a stand- by unrestricted issued by Banco del Estado de Chile: Institution Amount Due date Banco de la Nación Argentina S.A. US$ 2,000,000 December 26, 2019 The subsidiary Finca La Celia S.A. maintains financial debt with local banks in Argentina, guaranteed by VSPT through stand-by letters issued by Banco del Estado de Chile and they are within the financing policy framework approved by VSPT Board of Directors, according to the following detail: Institution Amount Due date Banco Santander Río US$ 500,000 June 30, 2019 Banco Macro US$ 600,000 June 30, 2019 Banco San Juan US$ 1,200,000 June 30, 2019 Banco BBVA Francés US$ 1,500,000 June 30, 2019 Banco Patagonia US$ 1,600,000 June 30, 2019 Banco Patagonia US$ 1,600,000 July 7, 2021 |
Environment
Environment | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure for environment related expense [Abstract] | |
Disclosure For Environment Related Expense Explanatory [Text Block] | Note 35 Environment Distribution of CCU´s main environmental costs in the Industrial Units , accumulated to December 2018: - Industrial Waste Water Treatment (IWWT): 51.64 % These expenses are mainly related to the maintenance and control of the respective Industrial Waste Water Treatment Plants (IWWT). - Solid Industrial Residues (SIR): 33.31 % These expenses are related to the handling and disposal of Solid Industrial Residues (SIR), including hazardous Waste (ResPel) and valorisation of recyclable residues. - Gas Emission Expenses: 1 .05 % These expenses are related to the calibration and verification of monitoring and operational instrumentation of stationary sources (mainly industrial boilers and electric generators) and their respective emissions, in order to provide compliance to rules and central and local government regulations. - Other Environmental Expenses: 14.00 % These expenses are related to the verification and compliance of Food Safety, Environmental Management and Operational Health & Safety Management Standards (ISO 22000, ISO 14000 and ISO 18001 OHSAS respectively) in CCU´s industrial sites and distribution centers, which are in different stages of implementation and certification. The implementation and certification of those three standards is a corporate goal of CCU. The main expenses of each year, detailed by project, are the following: For the years ended as of December 31, Company that made the disbursement Project Expenses 2018 2017 2016 ThCh ThCh ThCh Cervecera CCU Chile Ltda. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 1,232,585 1,388,954 1,319,489 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 752,615 641,683 666,781 Gases Management of atmospheric emissions. 36,581 16,687 21,655 Others Management of internal and external regulatory compliance. 241,295 236,910 233,364 CCU Argentina S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 879,730 930,683 820,999 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 501,979 527,248 560,710 Gases Management of atmospheric emissions. 10,000 8,925 21,847 Others Management of internal and external regulatory compliance. 101,691 201,726 141,379 Cervecería Kunstmann S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 138,901 98,614 86,515 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 49,692 36,292 40,150 Others Management of internal and external regulatory compliance. 46,123 37,623 45,876 Compañía Pisquera de Chile S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 205,743 207,922 237,994 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 59,239 55,341 43,059 Gases Management of atmospheric emissions 2,229 - - Others Management of internal and external regulatory compliance. 11,583 14,280 12,582 Transportes CCU Ltda. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 18,346 - 9,792 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 459,512 388,198 288,856 Gases Management of atmospheric emissions. 11,950 7,544 13,356 Others Management of internal and external regulatory compliance. 206,114 155,951 141,138 VSPT S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 395,845 417,134 454,828 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 87,132 202,204 165,697 Others Management of internal and external regulatory compliance. 183,360 21,916 10,916 Embotelladoras Chilenas Unidas S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 676,991 653,910 593,414 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 154,753 623,732 421,771 Gases Management of atmospheric emissions 12,193 16,400 14,305 Others Management of internal and external regulatory compliance. 110,952 119,226 156,295 Aguas CCU-Nestlé Chile S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 50,354 19,453 35,550 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 57,158 10,818 3,910 Gases Management of atmospheric emissions 270 400 - Others Management of internal and external regulatory compliance. 57,015 67,023 69,330 Fábrica de Envases Plásticos S.A. SIR Solid waste (SIR) and hazardous waste (ResPel) management. 198,890 175,805 129,487 Others Management of internal and external regulatory compliance. 17,323 21,973 21,410 The main disbursements (investment) of each year, detailed by project, are the following: As of December 31, 2018 Company that made the disbursement Project Concept Status [Finished, In process] Disbursements made Amount committed future periods Estimated Completion Date Disbursements ThCh ThCh Cervecera CCU Chile Ltda. IWWT IWWT Plant expansion (Screw) Temuco In process - 774 12-31-2019 IWWT Closed wastewater torch Quilicura In process 23,810 704 12-31-2019 IWWT Stage 1 IWWT Plant Temuco In process 21,646 53,433 12-31-2019 IWWT Replacement anaerobic reactor cells Temuco In process 102,513 20,651 12-31-2019 SIW Raw material and L1, L3 waste management Finished 46,500 - Finished Gases Change Fuel FO6 to GNL Temuco In process 2,576 3,362 12-31-2019 Gases Boiler 1 and 2 economizer In process 70,767 15,841 12-31-2019 Gases Thermal Plant Improvements Quilicura Finished 2,958 - Finished Gases Recover biogas from IWWT Plant 2 Temuco In process 64,840 48,018 12-31-2019 Gases Replacement boiler 2 to Low Nox Quilicura In process 840,385 96,105 12-31-2019 Others SEC Certification of Biogas' plant Quilicura In process 133,016 2,740 12-31-2019 Others DS 10 compliance Quilicura Finished 29,083 - Finished Others Sanitary Permits Compliance Quilicura In process 2,342 2,032 12-31-2019 Others Normalization to DS 78 Quilicura Finished 8,723 - Finished Others Ammonia tank protection Temuco Finished 3,221 - Finished Others New NH3 standard In process - 6,230 12-31-2019 Others Fire sensors Finished 39,141 - Finished Others DS 43 Hazardous substances In process 33,802 70,935 12-31-2019 CCU Argentina S.A. IWWT IWWT Stage 3 Salta In process 330,610 - 12-31-2019 IWWT Tanker EQ Lujan In process - 141 12-31-2019 Gases Boiler 1 Economizer Lujan In process 4,088 7,191 12-31-2019 Others Installation Modification NH3 Salta In process 27,152 70,229 12-31-2019 Cervecería Kunstmann S.A. IWWT New IWWT Plant – IC Technology In process 193,634 93,571 12-31-2019 SIW Biofilter of Earthworms In process 86,619 3 12-31-2019 Gases Thermal energy saving plan In process 24,656 8,094 12-31-2019 Gases Electric energy saving plan In process 7,953 7,763 12-31-2019 Others FEI, Plant Insurance normalization Finished 52,085 - Finished Cía. Pisquera de Chile S.A. IWWT IWWT Hydro Ejectors Montepatria Finished 41,925 - Finished IWWT Washing water treatment plant In process - 14,000 12-31-2019 IWWT Geo membrane HDPE replacement Finished 8,256 - Finished Gases Boiler 4 Ton/h Salamanca In process 312,841 10,771 12-31-2019 Others FEI Monte Patria In process 268,624 21,480 12-31-2019 Others Normative compliance de Coct Finished 4,040 - Finished Others DIA Salamanca Plant In process - 22,634 12-31-2019 VSPT S.A. IWWT IWWT adaptation Isla de Maipo Finished 1,989 - Finished IWWT Hydrocarbons separation tank Isla de Maipo In process - 627 12-31-2019 IWWT Sedimentation and accumulation IWWT Plant Isla de Maipo Finished 2,600 - Finished IWWT IWWT emergency pipe Finished 8,374 - Finished IWWT IWWT Plant Lighting Finished 1,937 - Finished Gases Insulation piping refrigeration / heating Molina Finished 14,860 - Finished Gases Insulation piping refrigeration Isla de Maipo Finished 6,233 - Finished Gases Power Meters Finished 510 - Finished Others Clousure of IWWT Finished 1,477 - Finished Others Container spill CIP-chemical products In process 9,429 2,561 12-31-2019 Others Sulfur Warehouse VI In process 5,880 1,010 12-31-2019 Others Fire incident workshop Isla de Maipo Finished 54,738 - Finished Embotelladoras Chilenas Unidas S.A. IWWT Plant improvement of wastewater In process 45,698 9,543 12-31-2019 IWWT Reverse osmosis plant water recovery Finished 6,000 - Finished IWWT Neutralization System IWWT Modelo In process 2,313 34,690 12-31-2019 Gases Offset NOX - NPX Finished 47,953 - Finished Gases Automatic Purges Boilers I Modelo In process 42,807 3,635 12-31-2019 Gases Condensate Recovery Finished 1,079 - Finished Others Chemical substances warehouse In process 8,400 28,371 12-31-2019 Others Certification steam networks, Antofagasta Finished 10,521 - Finished Others Normalization Cond. Santiago Plant Finished 4,601 - Finished Others New hazardous waste warehouse In process 16,659 3,502 12-31-2019 Others Authorization DS 10 In process 45,739 3,999 12-31-2019 Others Legal Regularization of tanks In process 57,188 3,105 12-31-2019 Others 2nd stage fire network Antofagasta In process 47,193 2,807 12-31-2019 Others Fire network In process 133,381 6,416 12-31-2019 Others Up grade ammonia system In process 58,209 9,389 12-31-2019 Aguas CCU-Nestlé S.A. IWWT IWWT Plant Coinco In process 427,153 60,942 12-31-2019 Others Flammable Warehouse Coinco Finished 95,685 - Finished Others Fire Brigade Equipment Finished 3,791 - Finished Fábrica de Envases Plásticos S.A. SIW Improvement in Waste Management In process - 2,921 12-31-2019 Gases Control of electrical variables In process - 50 12-31-2019 Others Bottle cap Plant Chiller In process 148,558 45,465 12-31-2019 Others RE 43 compliance Finished 17,043 - Finished Others Fire network improvement In process 144,145 34,339 12-31-2019 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Events after reporting period [Abstract] | |
Disclosure of events after reporting period [text block] | Note 36 Subsequent Events a) The Consolidated Financial Statements of CCU S.A., have been approved by the Board of Directors on February 27, 2019. b) There are no others subsequent events between the closing date and the filing date of these Financial Statements (February 27, 2019) that could significantly affect their interpretation. |
Summary of significant accoun_2
Summary of significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Summary Of Significant Accounting Policies [Abstract] | |
Disclosure of basis of preparation of financial statements [text block] | 2.1 Basis of preparation The accompanying consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), issued by the International Accounting Standard Board (IASB), which have been applied consistently in the years presented. Except for the standards included in Note 4 - Accounting Changes , which explains the treatment that was applied for each of them. The consolidated financial statements have been prepared on a historical basis, as modified by the subsequent valuation of financial assets and financial liabilities (including derivative instruments) at fair value. The preparation of the Consolidated Financial Statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires that management uses its professional judgment in the process of applying the Company’s accounting policies. See Note 3 - Estimates and application of professional judgment for disclosure of significant accounting estimates and judgments. All IFRS standards, amendments and enhancements whose adoption was required by January 1, 2018, have been adopted by the Company, without significant impacts on the financial statements as of December 31, 2018, including what is mentioned in Note 4 – Accounting changes for IFRS 9 and IFRS 15. At the date of issuance of these consolidated financial statements the following Standards, Amendments, Improvements and Interpretations to existing IFRS standards have been published to existing standards that have not taken effect and that the Company has not adopted in advance. These standards are required to be applied by the following dates: Next Standard Improvements and Amendments Mandatory for years beginning in: Amendments to IAS 12 Income taxes. January, 1, 2019 Amendments to IAS 19 Employees benefits. January, 1, 2019 Amendments to IAS 23 Borrowing costs. January, 1, 2019 Amendments to IAS 28 Investment in Associates and Joint Ventures. January, 1, 2019 Amendments to IAS 1 and IAS 8 Presentation of Financial Statements and Accounting Policies, Changes in Accounting Estimates and Errors. January, 1, 2020 Amendments to IFRS 3 Business combination. January, 1, 2019 Amendments to IFRS 9 Financial Instruments. January, 1, 2019 Amendments to IFRS 11 Joint arrangements. January, 1, 2019 Amendments to IFRS 3 Definition of a Business. January, 1, 2020 IFRS 16 Leases. January, 1, 2019 IFRS 17 Insurance Contracts. January, 1, 2021 IFRIC 23 Uncertainty over Income Tax Treatments. January, 1, 2019 The Company estimates the adoption of these new Standards, Improvements, Amendments and Interpretations mentioned in the table above will not have a material impact on the Consolidated Financial Statements upon initial application, except by the application of IFRS 16, Standards for which the Company has performed the following analysis: Nature of the change: - The Company at the date of issuance of these Consolidated Financial Statements have not apply of standard IFRS 16, this standard will apply the annual period since January 1, 2019, date from its mandatory adoption. - This standard requires that the lease contracts currently classified as operational, with maturities greater than 12 months, have an accounting treatment similar to financial leases. In general terms, this means that an asset must be recognized for the right-to-use the assets subject to operational lease contracts and a liability, equivalent to the present value of the payments associated with the contract. As for the effects on the result, the monthly lease payments will be replaced by the depreciation of the asset and the recognition of a financial expense. If the case of the lease modifications such as lease value, term, index of readjustment, associated interest rate, etc., the lessee will recognize the amount of the new measurement of the lease liability as an adjustment to the asset for the right-to-use. - The only exceptions are short-term and low-value leases in accordance with the IFRS 16. Evaluation methodology: - The Company has carried out a survey of lease agreements in accordance with the guidelines provided by IFRS 16. - The information has been standardized according to the main characteristics of each contract, such as: description, contract payment flows, start and end date of the contract, term, renewal method, currency, readjustability index, among others. - The current value of the obligations has been determined based on the payment flow of each of the contracts, discounting these at the implicit rate associated with them and in the case of not having it, at the average indebtedness rate that the Company would obtain by requesting financing from banking institutions of each economic environment in which the Company operates. Impacts: For lease commitments whose analysis is within the scope of IFRS 16, the Company estimates to recognize assets for right of use and an lease liability for an amount of approximately ThCh$ 22,627, 871 as of January 1, 2019. Adoption of IFRS16 The Company will apply the simplified transition approach and will not restate the comparative amounts for the year 2018. |
Disclosure of basis of consolidation [text block] | 2.2 Basis of consolidation Subsidiaries Subsidiaries are entities over which the Company has power to direct their financial and operating policies, which generally is the result of ownership of more than half of the voting rights. Subsidiaries are consolidated from the date on which control was obtained by the Company, and are excluded from consolidation as of the date the Company loses such control. T he acquisition method is used for the accounting of acquisition of subsidiaries. The acquisition cost is the fair value of the assets delivered, of the equity instruments issued and of the liabilities incurred or assumed as of the exchange date. The identifiable assets acquired, as well as the identifiable liabilities and contingencies assumed in a business combination are initially valued at their fair value on the acquisition date, regardless the scope of minority interests. Goodwill is initially measured as the excess of the aggregate of the consideration transferred and the fair value of non-controlling interest over the net identifiable assets acquired and liabilities assumed. If this consideration is lower than the fair value of the net assets of the subsidiary acquired, the difference is recognized as income. Joint operations As explained in Note 1- General information , for the joint arrangements that qualify as joint operations, the Company recognizes its share of the assets, liabilities and income in respect to its interest in the joint operations in accordance with IFRS 11. Intercompany transaction Intercompany transactions, balances and unrealized gains from transactions between the Company’s entities are eliminated in consolidation. Unrealized losses are also eliminated, unless the transaction provides evidence of an impairment of the asset transferred. Whenever necessary, the accounting policies of subsidiaries are amended to ensure uniformity with the policies adopted by the Company. Non-controlling Interest Non-controlling interest is presented in the Equity section of the Consolidated Stament of Financial Position. The net income attributable to equity holder of the parent and non-controlling interest are each disclosed separately in the Consolidated Statement of Income after net income. Investments accounted for using the equity method Joint ventures and associates The Company maintains investments in joint arrangements that qualify as joint ventures, which correspond to a contractual agreement by which two or more parties carry out an economic activity that is subject to joint control, and normally involves the establishment of a separate entity in which each party has a share based on a shareholders’ agreement. In addition, the Company maintains investments in associates which are defined as entities in which the investor does not have significant influence and are not a subsidiary or a joint venture. The Company accounts for its participation in joint arrangements that qualify as joint ventures and in associates using the equity method. The financial statements of the joint venture are prepared for the same year, under accounting policies consistent with those of the Company. Adjustments are made to agree any difference in accounting policies that may exist with the Company’s accounting policies. Whenever the Company contributes or sells assets to companies under joint control or associates, any income or loss arising from the transaction is recognized based on how the asset is realized. When the Company purchases assets from those companies, it does not recognize its share in the income or loss of the joint venture in respect to such transaction until the asset is sold or realized. |
Description of accounting policy for segment reporting [text block] | 2.3 Financial information as per operating segments The Company has defined three operating segments which are essentially defined with respect to its revenues in the geographic areas of commercial activity: 1.- Chile, 2.- International business and 3.- Wine. These operating segments mentioned are consistent with the way the Company is managed and how results will be reported by CCU. These segments reflect separate operating results which are regularly reviewed by chief operating decision maker in order to make decisions about the resources to be allocated to the segment and assess its performance (See Note 6 - Financial information as per operating segment ). The segments performance is measured according to several indicators, of which OR (Adjust Operating Result), OR before Exceptional Items (EI), ORBDA (Adjust Operating Result Before Depreciation and Amortization), ORBDA before EI, ORBDA margin (ORBDA’s % of total revenues for the operating segment), the volumes and Net sales. Sales between segments are conducted using terms and conditions at current market rates. The Company defined the Adjusted Operating Result as the Net incomes (losses) before Other gains (losses), Net financial cost, Equity and income from joint ventures and associates, Foreign currency exchange differences, Results as per adjustment units and Income tax, and the ORBDA, for the Company purposes, is defined as Adjusted Operating Result before Depreciation and Amortization. MSD&A, included Marketing, Selling, Distribution and Administrative expenses. Corporate revenues and expenses are presented separately within the other. |
Description of accounting policy for foreign currency translation [text block] | 2.4 Foreign currency and sdjustment unit s Presentation and functional currency The Company uses the Chilean peso (Ch$ or CLP) as its functional currency and for the presentation of its financial statements. The functional currency has been determined considering the economic environment in which the Company carries out its operations and the currency in which the main cash flows are generated. The functional currency of the Argentinian, Uruguayan and Paraguayan subsidiaries is the Argentine Peso, Uruguayan Peso, Paraguayan Guarani and Bolivian, respectively. The functional currency of the joint venture in Colombia is the Colombian Peso. Transactions and balances Transactions in foreign currencies and adjustment units (“Unidad de Fomento” or “UF”) are initially recorded at the exchange rate of the corresponding currency or adjustment unit as of the date on which the transaction occurs. The Unidad de Fomento (UF) is a Chilean inflation-indexed peso-denominated monetary unit. The UF rate is set daily in advance based on changes in the previous month’s inflation rate. At the close of each Consolidated Statement of Financial Position, the monetary assets and liabilities denominated in foreign currencies and adjustment units are translated into Chilean pesos at the exchange rate of the corresponding currency or adjustment unit. The exchange difference arising, both from the liquidation of foreign currency transactions, as well as from the valuation of foreign currency monetary assets and liabilities, is included in statement of income, in Foreign currency exchange differences, while the difference arising from the changes in adjustment units are recorded in the statement of income as Result as per adjustment units. For consolidation purposes, the assets and liabilities of the subsidiaries whose functional currency is different from the Chilean peso and not operating in countries whose economy is considered hyperinflationary, are translated into Chilean pesos using the exchange rates prevailing at the date of the Consolidated Financial Statements while exchange differences originated by the conversion of assets and liabilities, are recorded under Reserve of exchange differences on translation within Other equity reserves. Incomes, costs and expenses are translated at the average monthly exchange rate for the respective fiscal years. These exchange rates have not suffered significant fluctuations during these months. The results and financial situation in CCU Group's entities, which have a functional currency different from the presentation currency, being their functional currency the currency of a hyperinflationary economy (as the case of subsidiaries in Argentina as from 1 July 2018 as described in Note 4 – Accounting changes ) , are converted into the presentation currency as established in IAS 21 and IAS 29. The comparative figures, as the Group's presentation currency is the currency of a non-hyperinflationary economy, are not changed with respect to those that were presented as current amounts of year in question, within the Financial Statements of the preceding period, that is, these amounts are not adjusted for subsequent changes that have occurred in the price level or exchange rates. The exchange rates of the primary foreign currencies, adjustment units and index used in the preparation of the consolidated financial statements are detailed as follows: As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 Chilean Pesos as per unit of foreign currency or adjustable unit Ch$ Ch$ Ch$ Foreign currencies US Dollar USD 694.77 614.75 669.47 Euro EUR 794.75 739.15 705.60 Argentine Peso ARS 18.43 32.96 42.13 Uruguayan Peso UYU 21.44 21.34 22.82 Canadian Dollar CAD 509.62 491.05 498.38 Sterling Pound GBP 882.36 832.09 826.10 Paraguayan Guarani PYG 0.12 0.11 0.12 Bolivians BOB 101.28 89.61 97.59 Colombian Peso COP 0.21 0.21 0.22 Adjustment units Unidad de fomento (*) UF 27,565.79 26,798.14 26,347.98 Unidad de indexada (**) UI 86.19 79.62 80.15 (*) The Unidad de Fomento (UF) is a Chilean inflation-indexed, Chilean peso-denominated monetary unit. The UF rate is set daily in advance based on changes in the previous month´s inflation rate. (**) The Unidad Indexada (UI) is a Uruguay inflation-indexed, Uruguayan peso-denominated monetary unit. The UI rate is set daily in advance based on changes in the previous month´s inflation rate. Index used in hyperinflationary economies As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 Argentina Consumer Price Index 183.13 124.80 100.00 Index percentage variation of Argentina Consumer Price Index 47.5 % 24.8 % - |
Description of accounting policy for cash flows [text block] | 2.5 Cash and cash equivalents Cash and cash equivalents includes available cash, bank balances, time deposits at financial entities, investments in mutual funds and financial instruments acquired under resale agreements, as well as highly liquid short-term investments, all at a fixed interest rate, normally with original maturity of up to three months. |
Description Of Accounting PolicyFor Other Financia lAssets Explanatory [Text Block] | 2.6 Other financial assets Other financial assets include money market securities, derivative contracts and time deposits at financial entities maturing in more than 90 days. |
Description of accounting policy for financial instruments [text block] | 2.7 Financial instruments IFRS 9 – Financial instruments, replaces the IAS 39 – Financial instruments, for the annual periods beginning on January 1, 2018 and which brings together three aspects of accounting and which are: classification and measurement; impairment and hedge accounting. Financial assets The Company recognizes a financial asset in its Consolidated Statement of Financial Position as follows: As of the date of initial recognition, management classifies its financial assets: (i) at fair value through profit and loss (ii) Trade and other current receivables and (iii) hedging derivatives. The classification depends on the purpose for which the financial assets were acquired. For instruments not classified at fair value through Income, any cost attributable to the transaction is recognized as part of the asset’s value. The fair value of instruments that are actively traded in formal markets is determined by the traded price on the financial statement closing date. For investments without an active market, fair value is determined using valuation techniques including (i) the use of recent market transactions, (ii) references to the current market value of another financial instrument of similar characteristics, (iii) discounted cash flows and (iv) other valuation models. After initial recognition, the Company values the financial assets as described below: Trade and other current receivables Trade receivable credits or accounts are recognized according to their invoice value. The Company purchases credit insurance covering approximately 90% and 99% of individually significant accounts receivable balances for the domestic market and the international market, of total trade receivable, respectively, net of a 10% deductible. An impairment of accounts receivable balances is recorded when there is an objective evidence that the Company not will be capable to collect amounts according to the original terms. Some indicators that an account receivable has impairment are the financial problems, initiation of a bankruptcy, financial restructuring and age of the balances of our customers. Estimated losses from bad debts is measured in an amount equal to the "expectations of credit losses", using the simplified approach established in IFRS 9 and in order to determine whether or not there is impairment from portfolio, a risk analysis is carried out according to the historical experience (three years) on the uncollectability, which is adjusted according to macroeconomic variables, in order to obtain sufficient prospective information for the estimation and considering other factors of aging until reaching 100% of the balance in most of the debts older than 180 days, with the exception of those cases that in accordance with current policies, losses are estimated due to partial deterioration based on a case by case analysis. Additionally, the company maintains credit insurance for individually significant accounts receivable. Impairment losses are recorded in the Consolidated Statemet of Income in the period incurred. Current trade receivable credits and accounts are initially recognized at their nominal value and are not discounted because they do not differ significantly from their fair value. The Company has determined that the calculation of the amortized cost is not materially different from the invoiced amount because the transactions do not have significant associated costs. Financial liabilities The Company recognizes a financial liability in its Consolidated Statement of Financial Position as follows: Interest-bearing loans and financial obligations Interest-bearing loans and financial obligations are initially recognized at the fair value of the resources obtained, less incurred costs that are directly attributable to the transaction. After initial recognition, interest-bearing loans and obligations are measured at amortized cost. The difference between the net amount received and the value to be paid is recognized in the Consolidated Statement of Income over the term of the loan, using the effective interest rate method. Interest paid and accrued related to loans and obligations used to finance its operations are presented under finance costs. Interest-bearing loans and obligations maturing within twelve months are classified as current liabilities, unless the Company has the unconditional right to defer payment of the obligation for at least a twelve months after the closing date of the Consolidated Financial Statement. Trade and other payables Trade and other payables are initially recognized at nominal value because they do not differ significantly from their fair value. The Company has determined that no significant differences exist between the carrying value and amortized cost using the effective interest rate method. Derivative Instruments All derivative financial instruments are initially recognized at fair value as of the date of the derivative contract and subsequently re-measured at their fair value. Gains and losses resulting from fair value measurement are recorded in the Consolidated Statement of Income as gains or losses due to fair value of financial instruments, unless the derivative instrument is designated as a hedging instrument. Financial Instruments at fair value through profit and loss include financial assets classified as held for trading and financial assets which have been designated as such by the Company. Financial assets are classified as held for trading when acquired for the purpose of selling them in the short term. The fair value of derivative financial instruments that do not qualify for hedge accounting is immediately recognized in the consolidated statement of income under Other gains (losses). The fair value of these derivatives is recorded under Other financial assets and Other financial liabilities. Derivative instruments classified as hedges are accounted for as cash flow hedges. In order to classify a derivative as a hedging instrument for accounting purposes, the Company documents (i) as of the transaction date or at designation time, the relationship or correlation between the hedging instrument and the hedged item, as well as the risk management purposes and strategies, (ii) the assessment, both at designation date as well as on a continuing basis, whether the derivative instrument used in the hedging is highly transaction effective to offset changes in inception cash flows of the hedged item. A hedge is considered effective when changes in the cash flows of the underlying directly attributable to the risk hedged are offset with the changes in fair value, or in the cash flows of the hedging instrument with effectiveness between 80% to 125%. See Note 4 - Accounting changes . The total fair value of a hedging derivative is classified as assets or financial liabilities in Other non-current if the maturity of the hedged item is more than 12 months and as other assets or current liabilities if the remaining maturity of the hedged item is less than 12 months. The ineffective portion of these instruments can be viewed in Other gains (losses) of the Consolidated Statements of Income. The effective portion of the change in the fair value of derivative instruments that are designated and qualified as cash flow hedges are initially recognized in Cash Flow Hedge Reserve in a separate component of Equity. The income or loss related to the ineffective portion is immediately recognized in the Consolidated Statement of Income. The amounts accumulated in Equity are reclassified in Income during the same period in which the corresponding hedged item is reflected in the Consolidated Statement of Income. When a cash flow hedge ceases to comply with the hedge accounting criteria, any accumulated income or loss existing in Equity remains in Equity and is recognized when the expected transaction is finally recognized in the Consolidated Statement of Income. When it is estimated that an expected transaction will not occur, the accumulated gain or loss recorded in Equity is immediately recognized in the Consolidated Statement of Income. Derivative instruments are classified as held for trading unless they are classified as hedge instruments. Deposits for returns of bottles and containers Deposits for returns of bottles and containers corresponds to the liabilities registered by the guarantees of money received from customers for bottles and containers placed at their disposal and represents the value that will be returned to the customer when it returns the bottles to the Company in good condition along with the original invoice. This value is determined by the estimation of the bottles and containers in circulation that are expected to be returned to the Company in the course of time based on the historic experience, physical counts held by clients and independent studies over the quantities that are in the hands of end consumers, valued at the average weighted guarantees for each type of bottles and containers. The Company does not intend to make significant repayment of these deposits within the next 12 months. Such amounts are classified within current liabilities, under the line Other financial liabilities, since the Company does not have the legal ability to defer this payment for a period exceeding 12 months. This liability is not discounted, since it is considered a payable on demand, with the original invoice and the return of the respective bottles and containers and it does not have adjustability or interest clauses of any kind in its origin. |
Description of accounting policy for impairment of financial assets [text block] | 2.8 Financial asset impairment As of each financial statement date the Company assesses whether a financial asset or group of financial assets is impaired. The Company assesses impairment of accounts receivable collectively by grouping the financial assets according to similar risk characteristics, which indicate the debtor’s capacity to comply with their obligations under the agreed upon conditions. When there is objective evidence that a loss due to impairment has been incurred in the accounts receivable, the loss amount is recognized in the Consolidated Statement of Income, as Administrative expenses. If the impairment loss amount decreases during subsequent periods and such decrease can be objectively related to an event occurred after recognition of the impairment, the previously recognized impairment loss is reversed. Any subsequent impairment reversal is recognized in Income provided that the carrying amount of the asset does not exceed its value as of the date the impairment was recognized. |
Description of accounting policy for measuring inventories [text block] | 2.9 Inventories Inventories are stated at the lower of cost acquisition or production cost and net realizable value. The production cost of finished products and of products under processing includes raw material, direct labor, indirect manufacturing expenses based on a normal operational capacity and other costs incurred to place the products at the locations and in the conditions necessary for sale, net of discounts attributable to inventories. The net realizable value is the estimated sale price in the normal course of business, less marketing and distribution expenses. When market conditions cause the production cost to be higher than its net realizable value, an allowance for assets deterioration is registered for the difference in value. This allowance for inventory deterioration also includes amounts related to obsolete items due to low turnover, technical obsolescence and products withdrawn from the market. The inventories and cost of products sold, is determined using the Weighted Average Cost (WAC). The Company estimates that most of the inventories have a high turnover. The materials and raw materials purchased from third parties are valued at their acquisition cost; once used, they are incorporated in finished products using the WAC methodology. |
Description of accounting policy for biological assets [text block] | 2.10 Current biological assets Under current Biological assets, the Company includes the costs associated with agricultural activities (grapes), which are capitalized up to the harvesting date, when they become part of the inventory cost for subsequent processes. The Company considers that the costs associated with agricultural activities represent a reasonable approximation to their fair value. |
Description Of Accounting Policy For Other Non Financial Assets Explanatory [Text Block] | 2.11 Other non-financial assets Other non-financial assets mainly includes prepayments associated with advertising related to contracts regarding the making of commercials which are work in progress and have not yet been shown (current and non-current), payments to insurances and advances to suppliers in relation with certain purchases of property, plant and equipment. Additionally paid guarantees related with leases and materials to be consumed related to industrial safety implements. |
Description of accounting policy for property, plant and equipment [text block] | 2.12 Property, plant and equipment Property, plant and equipment items are recorded at their historic cost, less accumulated depreciation and impairment losses. The cost includes both disbursements directly attributable to the asset acquisition or construction, as well as the financing interest directly related to certain qualified assets, which are capitalized during the construction or acquisition period, as long as these assets qualify for these purposes considering the period necessary to complete and prepare the assets to be operative. Disbursements after the purchase or acquisition are only capitalized when it is likely that the future economic benefits associated to the investment will flow to the Company, and costs may be reasonably measured. Subsequent disbursements related to repairs and maintenance are recorded as expenses when incurred. Depreciation of property, plant and equipment items, including assets under financial lease, is calculated on a straight line basis over the estimated useful lives of property, plant and equipment items, taking into account their estimated residual value. When an asset is formed by significant components with different useful lives, each part is separately depreciated. Property, plant and equipment useful lives and residual values estimates are reviewed and adjusted at each financial statement closing date, if necessary. The estimated useful lives of property, plant and equipment are detailed as follows: Type of Assets Number of years Land Indefinite Buildings and Constructions 20 to 60 Machinery and equipment 10 to 25 Fumiture and accesories 5 to 10 Other equipment (coolers and mayolicas) 5 to 8 Glass containers, and plastic containers 3 to 12 Vines in production 30 Gains and losses resulting from the sale of properties, plants and equipment are calculated comparing their book values against the related sales proceeds and are included in the Consolidated Statement of Income. Biological assets held by Viña San Pedro Tarapacá S.A. (VSPT) and its subsidiaries consist of vines in formation and in production. Harvested grapes are used for subsequent wine production. Vines under production are valued at the historic cost, less depreciation and any impairment loss. Depreciation of vines in production is recorded using the straight-line method over the 30-year estimated average production life, which is periodically assessed. Vines in formation are not depreciated until they start producing. Costs incurred in acquiring and planting new vines are capitalized. When the carrying amount of a property, plant and equipment item exceeds its recoverable value, it is immediately written down to its recoverable amount (See Note 2 - Summary of significant accounting policies 2.17 ). |
Description of accounting policy for leases [text block] | 2.13 Leases Lease agreements are classified as finance leases when the agreement transfers to the Company substantially all the risks and rewards inherent to ownership of the asset, in accordance with IAS 17 “Leases”. For agreements that qualify as finance leases, and an asset and a liability are recognized as of the inception date for a value equivalent to the fair value of the leased asset or the present value of future lease payments, whichever is lower. Subsequently, lease payments are allocated between the finance cost and reduction of the obligation, in order to obtain a constant interest rate on the balance of the obligation. Lease agreements that do not qualify as finance leases are classified as operating leases. Operating lease payments are charged to income using the straight-line method over the term of the lease. |
Description of accounting policy for investment property [text block] | 2.14 Investment property Investment property consist of land and buildings held by the Company for the purpose of generating appreciation and not to be used in the normal course of business, and are recorded at historical cost less any impairment loss. Depreciation of investment property, excluding land, is calculated using the straight-line method over the estimated useful life of the asset, taking into account their estimated residual value. |
Description of accounting policy for intangible assets other than goodwill [text block] | 2.15 Intangible assets other than goodwill Commercial trademarks The Company’s commercial trademarks are intangible assets with indefinite useful lives that are presented at historical cost, less any impairment loss. The Company believes that through investing in marketing, trademarks maintain their value, consequently they are considered as having indefinite useful lives and they are not amortizable. These assets are tested for impairment on a yearly basis, or when existing factors indicate a likely loss of value (See Note 2 - Summary of significant accounting policies 2.17 ). Software program Software program licenses are capitalized at the value of the costs incurred in their acquisition and in preparing the software for use. Such costs are amortized over their estimated useful lives (4 to 7 years). The maintenance costs of software programs are recognized as an expense in the year in which they are incurred. Water rights Water rights acquired by the Company correspond to the right to use existing water from natural sources, and are recorded at their attributed cost as of the date of transition to IFRS. Since such rights are perpetual they are not amortizable, however they are tested for impairment annually, or when factors exist that indicate a likely loss of value (See Note 2 - Summary of significant accounting policies 2.17 ). Distribution rights Corresponds to rights acquired to distribute different products. These rights are amortized over their estimated useful lives. Research and development Research and development expenses are recognized in the period incurred. |
Description of accounting policy for goodwill [text block] | 2.16 Goodwill Goodwill represents the excess of the consideration transferred the amount of any non-controlling interes in the acquiree and the acquisition date fair vale of any previous equity interest in the acquiree over the fair value of the net idetificable assets acquiree, and is accounted for at its cost value less accumulated impairment losses. Goodwill related to joint venture acquisitions is included in the investment accounting value. For the purposes of impairment tests, goodwill is assigned Cash Generating Units (CGU) that is expected to benefit from the synergies of a business combination. Each unit or group of units (CGU - See Note 18 - Goodwill ) represents the lowest level inside the Company at which goodwill is monitored for internal administration purposes, which is not larger than a business segment. The cash generating units to which the goodwill is assigned are tested for impairment annually or with a higher frequency, when there are signs indicating that a cash generating unit could experience impairment or some of the significant market conditions have changed. Goodwill in the acquisition of joint ventures is assessed for impairment as part of the investment, provided that there are indications that the investment may be impaired. An impairment loss is recognized for the amount by which the carrying amount of the cash generating unit exceeds its recoverable value, which is the fair value of the cash generating unit, less selling costs or its value in use, whichever is higher. An impairment loss is first allocated to goodwill to reduce its carrying amount, and then to other assets in the cash generating unit. Once recognized, impairment losses are not reversed in following years. |
Description Of Accounting Policy For Impairment Of NonCurrent Assets Other Than Goodwill Explanatory [Text Block] | 2.17 Impairment of non-financial assets other than goodwill The Company annually assesses the existence of non-financial asset impairment indicators. When indicators exist, the Company estimates the recoverable amount of the impaired asset. If it cannot estimate the recoverable amount of the impaired asset at an individual level, the Company estimates the recoverable amount of the cash generating unit to which the asset belongs. For intangible assets with indefinite useful lives which are not amortized, the Company performs all required testing to ensure that the carrying amount does not exceed the recoverable value. The recoverable value is defined as the fair value, less selling cost or value in use, whichever is higher. Value in use is determined by estimating future cash flows associated to the asset or to the cash generating unit, discounted from its current value by using interest rates before taxes, which reflect the time value of money and the specific risks of the asset. If the carrying amount of the asset exceeds its recoverable amount, the Company records an impairment loss in the Statement of Income. For the rest of non-financial assets other than goodwill and intangibles with indefinite useful lives, the Company assesses the existence of impairment indicators when an event or change in business circumstances indicates that the carrying amount of the asset may not be recoverable and impairment is recognized when the carrying amount is higher than the recoverable value. The Company annually assesses whether the impairment indicators of non-financial assets for which impairment losses were recorded during prior years have disappeared or decreased. In the event of such situation, the recoverable amount of the specific asset is recalculated and its carrying amount is increased, if necessary. Such increase is recognized in the Statement of Income as reversal of impairment losses. The increase in the value of the previously impaired asset is recognized only when it is originated by changes in the assumptions used to calculate the recoverable amount. The increase in the asset due to reversal of the impairment loss is limited to the amount that would have been recorded had the impairment not occurred. |
Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block] | 2.18 Non-current assets of disposal groups classified as held for sale The Company register as non-current assets of disposal groups classified as held for sale as Property, plant and equipment expected to be sale, for which active sale negotiations have begun. These assets are measured at the lower of their carrying amount and the estimated fair value, less selling costs. From the moment in which the assets are classified as non-current assets of disposal group classified held for sale they are no longer depreciated. |
Description of accounting policy for income tax [text block] | 2.19 Income tax es The income tax account is composed of current income tax associated to legal income tax obligations and deferred taxes recognized in accordance with IAS 12. Income tax is recognized in the Consolidated Statement of Income by Function, except when it is related to items recorded directly in Equity, in which case the tax effect is also recognized in Equity. Income Tax Obligation Income tax obligations are recognized in the financial statements on the basis of the best estimates of taxable profits as of the financial statement closing date, and the income tax rate valid as of that date in the countries where the Company operates. Deferred Tax Deferred taxes are those the Company expects to pay or to recover in the future, due to temporary differences between the carrying amount of assets and liabilities (carrying amount for financial reporting purposes) and the corresponding tax basis of such assets and liabilities used to determine the profits subject to taxes. Deferred tax assets and liabilities are generally recognized for all temporary differences, and they are calculated at the rates that will be valid on the date the liabilities are paid or the assets realized. Deferred tax is recognized on temporary differences arising from investments in subsidiaries and associates, except in cases where the Company is able to control the date on which temporary differences will be reversed, and it is likely that they will not be reverted in the foreseeable future. Deferred tax assets, including those arising from tax losses are recognized provided it is likely that in the future there will be taxable profits against which deductible temporary differences can be offset. Deferred tax assets and liabilities are offset when there is a legal right to offset tax assets against tax liabilities, and the deferred tax is related to the same taxable entity and the same tax authority. |
Description of accounting policy for employee benefits [text block] | 2.20 Employees benefits Employees Vacation The Company accrues the expense associated with staff vacation when the employee earns the benefit. Employees Bonuses The Company recognizes a liability and an expense for bonuses when it’s contractually obligated, it is estimated that, depending on the income requirement at a given date, bonuses will be paid out at the end of the year. Severance Indemnity The Company recognizes a liability for the payment of irrevocable severance indemnities, originated from the collective and individual agreements entered into with employees. Such obligation is determined based on the actuarial value of the accrued cost of the benefit, a method which considers several factors in the calculation, such as estimates of future continuance, mortality rates, future salary increases and discount rates. The determined value is shown at its present value by using the accrued benefits for years of service method. The discount rates are determined by reference to market interest rates curves. The current losses and gains are directly recorded in Income. According to the amendment of IAS 19, the actuarial gains and losses are recognized directly in Other Comprehensive Income, under Equity and, according to the accounting policies of the Company, financial costs related to the severance indemnity are directly recorded under financial cost in the Consolidated Statement of Income. |
Description of accounting policy for provisions [text block] | 2.21 Provisions Provisions are recognized when: (i) the Company has a current legal or implicit obligation, as a result of past events, (ii) it is probable that monetary resources will be required to settle the obligation and (iii) the amounts can be reasonably established. The amounts recognized as provisions as of the financial statement closing date, are Management’s best estimates, and consider the necessary disbursements to liquidate the obligation. The concepts used by the Company to establish provisions charged against income correspond mainly to civil, labor and taxation proceedings that could affect the Company (See Note 23 - Other provisions ). |
Description of accounting policy for recognition of revenue [text block] | 2.22 Revenue recognition Revenue is recognized when it is likely that economic benefits will flow to the Company and these can be reliably measured. Income is measured at the fair value of the economic benefits received or to be received, and is presented net of valued added tax, specific taxes, returns, discounts and rebates. Goods sold are recognized after the Company has transferred to the buyer all the risks and benefits inherent to ownership of the goods, and it do not have the right to dispose of them. In general, this means that sales are recorded when the risks and benefits of ownership are transferred to the customer, pursuant to the terms agreed in the commercial agreements and once the performance obligation is satisfied. In relation to IFRS 15, the Company has applied the criteria established in this standard for these Consolidated Financial Statements, as indicated in Note 4 - Accounting changes, letter a). Sale of products in the domestic market The Company obtains its revenues, both in Chile and Argentina, mainly from the sales of beers, soft drinks, mineral waters, purified water, nectars, wines, cider and spirits, products that are distributed through retail establishments, wholesale distributors and supermarket chains, and none of which act as commercial agents of the Company. Such revenues in the domestic markets, net of the value added tax, specific taxes, returns, discounts and rebates to clients, are recognized when products are delivered, together with the transfer of all risks and benefits related to them and once the performance obligation is satisfied. Exports In general, the Company’s sales delivery conditions are the basis for revenue recognition related to exports. The structure of revenue recognition is based on the grouping of Incoterms, mainly in the following groups: • "FOB (Free on Board) shipping point", by which the buyer organizes and pays for transportation, consequently the sales occurs and revenue is recognized upon delivery of the merchandise to the transporter hired by the buyer. • “CIF (Cost, Insurance & Freight) and similar", by which the Company organizes and pays for external transportation and some other expenses, although CCU ceases being responsible for the merchandise after delivering it to the marine or air shipping company in accordance with the relevant terms. The sale occurs and revenue is recognized upon the delivery of merchandise at the port of destination. In case of discrepancies between the commercial agreements and Incoterms, the former shall prevail. The revenue recognition related to exports are recorded net of specific taxes, returns, discounts and rebates to clients, are recognized when products are delivered, together with the transfer of all risks and benefits related to them and once the performance obligation is satisfied. |
Description Of Accounting Policy For Dealers And Supermarkets Trade Agreements Explanatory [Text Block] | 2.23 Commercial agreements with distributors and supermarket chains The Company enters into commercial agreements with its clients, distributors and supermarkets through which they establish: (i) volume discounts and other client variables, (ii) promotional discounts that correspond to an additional rebate on the price of the products sold due to commercial initiatives development (temporary promotions), (iii) payment for services and rendering of counter-services (advertising and promotional agreements, use of preferential spaces and others) and (iv) shared advertising, which corresponds to the Company’s participation in advertising campaigns, promotional magazines and opening of new sales locations. Volume discounts and promotional discounts are recognized as a reduction in the selling price of the products sold. Shared advertising contributions are recognized when the advertising activities agreed upon with the distributor have been carried out, and they are recorded as marketing expenses incurred, under Other expenses by function. Commitments with distributors or importers in the exports area are recognized on the basis of existing trade agreements. |
Description Of Accounting Policy For Products Cost Of Sales Explanatory [Text Block] | 2.24 Cost of sales of products Cost of sales includes the production cost of the products sold and other costs incurred to place inventories at the locations and under the conditions necessary for the sale. Such costs mainly include raw materials costs, packing costs, production staff labor costs, production-related asset depreciation, returnable bottles depreciation, license payments, operating costs and plant and equipment maintenance costs. |
Description of Accounting Policy For Income [Policy Text Block] | 2.25 Other incomes by function Other incomes by function mainly include incomes from sale of fixed assets and other assets, recovery of claims, leases and payments related to advance term license. |
Description Of Accounting Policy For Other Expense By Function Explanatory [Text Block] | 2.26 Other expenses by function Other expenses by function mainly include advertising and promotion expenses, depreciation of assets sold, selling expenses, marketing costs (sets, signs, neon signs at customer facilities) and marketing and sales staff remuneration and compensation. |
Description Of Accounting Policy For Distribution Costs Explanatory [Text Block] | 2.27 Distribution expenses Distribution costs include all the necessary costs to deliver products to customers. |
Description Of Accounting Policy For Administrative Expense Explanatory [Text Block] | 2.28 Administrative expense s Administrative expenses include support unit staff remuneration and compensation, depreciation of offices, equipment, facilities and furniture used for these functions, non-current asset amortization and other general and administrative expenses. |
Description of accounting policy for environment related expense [text block] | 2.29 Environment liabilities Environmental liabilities are recorded based on the current interpretation of environmental laws and regulations, or when an obligation is likely to occur and the amount of such liability can be reliably calculated. Disbursements related to environmental protection are charged to the Consolidated Statements of Income by Function as incurred, except for investments in infrastructure designed to comply with environmental requirements, which are accounted for following the accounting policies for property, plant and equipment . |
General Information (Tables)
General Information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Detailed Information About Average Number Of Employees [Text Block] | As of December 31, 2018 the Company had a total 8,797 employees detailed as follows: Number of employes Parent company Consolidated Senior Executives 10 14 Managers and Deputy Managers 79 420 Other workers 283 8,363 Total 372 8,797 |
Disclosure of detailed information about main brands under license [Text Block] | The described licenses are detailed as follows: Main brands under license Licenses Validity Date Aberlour, Absolut, Ballantine's, Beefeater, Blender´s Pride, Borzoi, Chivas Reagal, Cuvee MUMM, Dubonnet, Elyx, G.H. MUMM, Havana Club, Jameson, Kahlúa, Level, Long John, Longmorn, Malibu, Martell, Olmeca, Orloff, Passport, Pernod, Perrier Jouet, Ricard, Royale Salute, Sandeman, Scapa, Strathisla, The Glenlivet, Wyborowa, 100 Pipers, in Chile (1) June 2019 Adrenaline, Adrenaline Rush (9) February 2028 Amstel in Argentina (2) July 2022 Austral in Chile (4) July 2020 Blue Moon in Chile (5) December 2021 Coors in Chile (6) December 2025 Coors in Colombia (7) December 2020 Crush, Canada Dry (Ginger Ale, Agua Tónica and Limón Soda) in Chile (8) December 2023 Frugo in Chile Indefinitely Gatorade in Chile (9) December 2043 Grolsch in Argentina (16) May 2028 Heineken in Bolivia (10) December 2024 Heineken in Chile, Argentina and Uruguay (11) 10 years renewables Heineken in Colombia (12) March 2028 Heineken in Paraguay May 2023 Miller and Miller Genuine Draft in Colombia (15) December 2026 Miller in Argentina (12) December 2026 Nestlé Pure Life in Chile (8) December 2022 Paulaner in Paraguay April 2019 Pepsi, Seven Up and Mirinda in Chile December 2043 Red Bull in Chile (13) Indefinitely Schneider in Paraguay May 2023 Sol in Chile and Argentina (11) 10 years renewables Sol in Colombia (3) March 2028 Sol in Paraguay January 2023 Té Lipton in Chile March 2020 Tecate in Colombia (3) March 2028 Warsteiner para Argentina (17) May 2028 Watt´s in Uruguay 99 years Watt's (nectars, fruit-based drinks and other) rigid packaging, except carton in Chile Indefinitely Watt's in Paraguay (14) July 2026 (1) Renewable for periods of 3 years. (2) After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given. (3) The contract will remain in effect as long as the Heineken license agreeemente for Colombia remains in force. (4) Renewable for periods of two years, subject to the compliance of the contract conditions. (5) If Renewal criteria have benn satisfied, renewable through December, 2025, thereafter shall automatically renew every year for a new term of 5 years (Rolling Contract). (6) After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 5 years, subject to the compliance of the contract conditions. (7) License renewable for one period of 5 years, subject to the compliance of the contract conditions. (8) License renewable for periods of 5 years, subject to the compliance of the contract conditions. (9) License was renewed for a period equal to the duration of the Shareholders Agreement of Bebidas CCU-PepsiCo SpA. (10) License for 10 years, automatically renewable for periods of 5 years, unless notice of non-renewal. (11) License for 10 years, automatically renewable on the same terms (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given. (12) After the initial termination date, License is automatically renewable each year for a period of 5 years (Rolling Contract), unless notice of non-renewal is given. (13) Indefinite contract, notice of termination 6 months in advance. (14) Sub-license is renewed automatically and successively for two periods of 5 years each, subject to the terms and conditions stipulated in the International Sub-license agreement of December 28, 2018 between Promarca Internacional Paraguay S.R.L. and Bebidas del Paraguay S.A. (15) Distribution will begin in April 2017 and the begin of local production is estimated by October 2019. (16) Till May, 2019, it shall be produced on behalf of CICSA by Cervecería Argentina SA Isenbeck and sold by Cervecería and Maltería Quilmes S.A. (17) Till May, 2019, it shall be produced on behalf of CICSA by Cervecería Argentina SA Isenbeck and sold by Cervecería and Maltería Quilmes S.A. Prior to the expirty of its term, Parties shall negociate its continuity for five (5) more years. |
Information About Proportion Of Ownership Interest In Subsidiary [Text Block] | The consolidated financial statements include the following direct and indirect subsidiaries where the percentage of participation represents the economic interest at a consolidated level: Share percentage direct and indirect Subsidiary Tax ID Country of origin Functional currency As of December 31, 2018 As of December 31, 2017 Direct % Indirect % Total % Total % Aguas CCU-Nestlé Chile S.A. 76,007,212-5 Chile Chilean Pesos - 50.0917 50.0917 50.0917 Cervecera Guayacán SpA. (***) (13) 76,035,409-0 Chile Chilean Pesos - 25.0006 25.0006 - CRECCU S.A. 76,041,227-9 Chile Chilean Pesos 99.9602 0.0398 100.0000 100.0000 Cervecería Belga de la Patagonia S.A. (***) 76,077,848-6 Chile Chilean Pesos - 25.5034 25.5034 25.5034 Inversiones Invex CCU Dos Ltda. 76,126,311-0 Chile Chilean Pesos 99.8516 0.1484 100.0000 100.0000 Inversiones Invex CCU Tres Ltda. (8) 76,248,389-0 Chile Chilean Pesos 99.9999 0.0001 100.0000 100.0000 Bebidas CCU-PepsiCo SpA. (***) 76,337,371-1 Chile Chilean Pesos - 49.9888 49.9888 49.9866 CCU Inversiones II Ltda. (16) 76,349,531-0 Chile US Dollar 99.7133 0.2867 100.0000 99.9999 Bebidas Carozzi CCU SpA. (***) 76,497,609-6 Chile Chilean Pesos - 49.9917 49.9917 49.9917 Bebidas Ecusa SpA. 76,517,798-7 Chile Chilean Pesos - 99.9834 99.9834 99.9834 Promarca Internacional SpA. (***) 76,574,762-7 Chile US Dollar - 49.9917 49.9917 49.9917 CCU Inversiones S.A. (10) 76,593,550-4 Chile Chilean Pesos 99.0242 0.7533 99.7775 99.9733 Inversiones Internacionales SpA. 76,688,727-9 Chile US Dollar - 80.0000 80.0000 80.0000 New Ecusa S.A. 76,718,230-9 Chile Chilean Pesos - 99.9834 99.9834 99.9834 Promarca S.A. (***) 76,736,010-K Chile Chilean Pesos - 49.9917 49.9917 49.9917 CCU Inversiones III SpA. (14) 76,933,685-0 Chile US Dollar - 99.9950 99.9950 - Vending y Servicios CCU Ltda. 77,736,670-K Chile Chilean Pesos - 99.9779 99.9779 99.9738 Inversiones Invex CCU Ltda. 78,418,890-6 Chile US Dollar 6.7979 93.1941 99.9920 99.9905 Transportes CCU Ltda. 79,862,750-3 Chile Chilean Pesos 98.0000 2.0000 100.0000 100.0000 Fábrica de Envases Plásticos S.A. 86,150,200-7 Chile Chilean Pesos 90.9100 9.0866 99.9966 99.9966 Millahue S.A. 91,022,000-4 Chile Chilean Pesos 99.9621 - 99.9621 99.9621 Viña San Pedro Tarapacá S.A. (*) (10) 91,041,000-8 Chile Chilean Pesos - 82.9870 82.9870 67.1992 Manantial S.A. (2) 96,711,590-8 Chile Chilean Pesos - 50.5507 50.5507 50.5507 Viña Altaïr SpA. (6) 96,969,180-9 Chile Chilean Pesos - 82.9870 82.9870 67.1992 Cervecería Kunstmann S.A. 96,981,310-6 Chile Chilean Pesos 50.0007 - 50.0007 50.0007 Cervecera CCU Chile Ltda. 96,989,120-4 Chile Chilean Pesos 99.7500 0.2499 99.9999 99.9999 Embotelladoras Chilenas Unidas S.A. 99,501,760-1 Chile Chilean Pesos 99.0670 0.9164 99.9834 99.9834 Viña Valles de Chile S.A. 99,531,920-9 Chile Chilean Pesos - 82.9870 82.9870 67.1992 Comercial CCU S.A. 99,554,560-8 Chile Chilean Pesos 50.0000 49.9888 99.9888 99.9866 Viña Orgánica SPT S.A. (11) 99,568,350-4 Chile Chilean Pesos - - - 67.1992 Compañía Pisquera de Chile S.A. 99,586,280-8 Chile Chilean Pesos 46.0000 34.0000 80.0000 80.0000 Andina de Desarrollo SACFAIMM 0-E Argentina Argentine Pesos - 59.1971 59.1971 59.1970 Cía. Cervecerías Unidas Argentina S.A. (9) 0-E Argentina Argentine Pesos - 99.9936 99.9936 99.9924 Compañía Industrial Cervecera S.A. (1) 0-E Argentina Argentine Pesos - 99.9950 99.9950 99.9949 Finca Eugenio Bustos S.A. (4) 0-E Argentina Argentine Pesos - - - 67.1992 Finca La Celia S.A. 0-E Argentina Argentine Pesos - 82.9870 82.9870 67.1992 Los Huemules S.R.L. 0-E Argentina Argentine Pesos - 74.9979 74.9979 74.9979 Sáenz Briones y Cía. S.A.I.C. 0-E Argentina Argentine Pesos - 89.9150 89.9150 89.9150 Bebidas Bolivianas BBO S.A. (12) 0-E Bolivia Bolivians - 51.0000 51.0000 - International Spirits Investments USA LLC (7) 0-E United States US Dollar - 80.0000 80.0000 80.0000 Inversiones CCU Lux S.à r.l. (15) 0-E Luxemburgo US Dollar - 99.9999 99.9999 - Southern Breweries C.S.C. (3) 0-E Luxemburgo US Dollar 37.7810 62.2141 99.9951 99.9942 Bebidas del Paraguay S.A. (5) (**) 0-E Paraguay Paraguayan Guaranies - 50.0049 50.0049 50.0049 Distribuidora del Paraguay S.A. (**) 0-E Paraguay Paraguayan Guaranies - 49.9589 49.9589 49.9589 Sajonia Brewing Company S.R.L. (5) (***) 0-E Paraguay Paraguayan Guaranies - 25.5025 25.5025 25.5025 Andrimar S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 Coralina S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 Marzurel S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 Milotur S.A. 0-E Uruguay Uruguayan Pesos - 99.9999 99.9999 99.9999 (*) Listed company in Chile. (**) See Note 1 – General Information, letter E) , Subsidiaries with direct or indirect participation of less than 50% (***) Subsidiaries in which we have an interest of more or equal than 50% through one or more subsidiaries of the Company. |
Information About Proportion Of Voting Power Held In Subsidiary [Text Block] | In addition to what is shown in the preceding table, the following are the percentages of participation with voting rights, in each of the subsidiaries. Each shareholder has one vote per share owned or represented. The percentage of participation with voting rights represents the sum of the direct participation and indirect participation through a subsidiary. Share percentage with voting rights Subsidiary Tax ID Country of origin Functional currency As of December 31, 2018 As of December 31, 2017 % % Aguas CCU-Nestlé Chile S.A. 76,007,212-5 Chile Chilean Pesos 50.0917 50.0917 Cervecera Guayacán SpA. (***) (13) 76,035,409-0 Chile Chilean Pesos 25.0006 - CRECCU S.A. 76,041,227-9 Chile Chilean Pesos 100.0000 100.0000 Cervecería Belga de la Patagonia S.A. (***) 76,077,848-6 Chile Chilean Pesos 25.5034 25.5034 Inversiones Invex CCU Dos Ltda. 76,126,311-0 Chile Chilean Pesos 100.0000 100.0000 Inversiones Invex CCU Tres Ltda. (8) 76,248,389-0 Chile Chilean Pesos 100.0000 100.0000 Bebidas CCU-PepsiCo SpA. (***) 76,337,371-1 Chile Chilean Pesos 49.9888 49.9866 CCU Inversiones II Ltda. (16) 76,349,531-0 Chile US Dollar 100.0000 100.0000 Bebidas Carozzi CCU SpA. (***) 76,497,609-6 Chile Chilean Pesos 49.9917 49.9917 Bebidas Ecusa SpA. 76,517,798-7 Chile Chilean Pesos 99.9834 99.9834 Promarca Internacional SpA. (***) 76,574,762-7 Chile US Dollar 49.9917 49.9917 CCU Inversiones S.A. (10) 76,593,550-4 Chile Chilean Pesos 99.7775 99.9733 Inversiones Internacionales SpA. 76,688,727-9 Chile US Dollar 80.0000 80.0000 New Ecusa S.A. 76,718,230-9 Chile Chilean Pesos 99.9834 99.9834 Promarca S.A. (***) 76,736,010-K Chile Chilean Pesos 49.9917 49.9917 CCU Inversiones III SpA. (14) 76,933,685-0 Chile US Dollar 100.0000 - Vending y Servicios CCU Ltda. 77,736,670-K Chile Chilean Pesos 99.9779 99.9738 Inversiones Invex CCU Ltda. 78,418,890-6 Chile US Dollar 99.9920 99.9905 Transportes CCU Ltda. 79,862,750-3 Chile Chilean Pesos 100.0000 100.0000 Fábrica de Envases Plásticos S.A. 86,150,200-7 Chile Chilean Pesos 100.0000 100.0000 Millahue S.A. 91,022,000-4 Chile Chilean Pesos 99.9621 99.9621 Viña San Pedro Tarapacá S.A. (*) (10) 91,041,000-8 Chile Chilean Pesos 82.9870 67.1992 Manantial S.A. (2) 96,711,590-8 Chile Chilean Pesos 50.5507 50.5507 Viña Altaïr SpA. (6) 96,969,180-9 Chile Chilean Pesos 82.9870 67.1992 Cervecería Kunstmann S.A. 96,981,310-6 Chile Chilean Pesos 50.0007 50.0007 Cervecera CCU Chile Ltda. 96,989,120-4 Chile Chilean Pesos 100.0000 100.0000 Embotelladoras Chilenas Unidas S.A. 99,501,760-1 Chile Chilean Pesos 99.9834 99.9834 Viña Valles de Chile S.A. 99,531,920-9 Chile Chilean Pesos 82.9870 67.1992 Comercial CCU S.A. 99,554,560-8 Chile Chilean Pesos 100.0000 100.0000 Viña Orgánica SPT S.A. (11) 99,568,350-4 Chile Chilean Pesos - 67.1992 Compañía Pisquera de Chile S.A. 99,586,280-8 Chile Chilean Pesos 80.0000 80.0000 Andina de Desarrollo SACFAIMM 0-E Argentina Argentine Pesos 100.0000 100.0000 Cía. Cervecerías Unidas Argentina S.A. (9) 0-E Argentina Argentine Pesos 100.0000 100.0000 Compañía Industrial Cervecera S.A. (1) 0-E Argentina Argentine Pesos 100.0000 100.0000 Finca Eugenio Bustos S.A. (4) 0-E Argentina Argentine Pesos - 67.1992 Finca La Celia S.A. 0-E Argentina Argentine Pesos 82.9870 67.1992 Los Huemules S.R.L. 0-E Argentina Argentine Pesos 74.9979 74.9979 Sáenz Briones y Cía. S.A.I.C. 0-E Argentina Argentine Pesos 100.0000 100.0000 Bebidas Bolivianas BBO S.A. (12) 0-E Bolivia Bolivians 51.0000 - International Spirits Investments USA LLC (7) 0-E United States US Dollar 80.0000 80.0000 Inversiones CCU Lux S.à r.l. (15) 0-E Luxemburgo US Dollar 99.9999 - Southern Breweries C.S.C. (3) 0-E Luxemburgo US Dollar 100.0000 100.0000 Bebidas del Paraguay S.A. (5) (**) 0-E Paraguay Paraguayan Guaranies 50.0049 50.0049 Distribuidora del Paraguay S.A. (**) 0-E Paraguay Paraguayan Guaranies 49.9589 49.9589 Sajonia Brewing Company S.R.L. (5) (***) 0-E Paraguay Paraguayan Guaranies 25.5025 25.5025 Andrimar S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 Coralina S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 Marzurel S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 Milotur S.A. 0-E Uruguay Uruguayan Pesos 99.9999 99.9999 (*) Listed company in Chile. (**) See Note 1 – General Information, letter E) , Subsidiaries with direct or indirect participation of less than 50% (***) Subsidiaries in which we have an interest of more or equal than 50% through one or more subsidiaries of the Company. |
Disclosure of detailed information about fair values of assets and liabilities in a busniess combination [Text Block] | During 2017, the Company has determined the fair values of assets and liabilities for this business combination as follows: Fair Value Assets and Liabilities ThCh$ Cash and cash equivalents 462,873 Trade and other current receivables 9,813 Inventories 19,552 Total current assets 492,238 Intangible assets other than goodwill 259,712 Property, plant and equipment (net) 79,126 Total non-current assets 338,838 Total activos 831,076 Trade and other current payables 7,063 Total current liabilities 7,063 Deferred tax liabilities 25,948 Total non-current liabilities 25,948 Total liabilities 33,011 Total Shareholders' Equity 798,065 Non-controlling interests 391,052 Net identifiable assets acquired 407,013 Goodwill 234,476 Investment value 641,489 |
Bebidas Bolivianas BBO S.A. [Member] | |
Disclosure of detailed information about fair values of assets and liabilities in a busniess combination [Text Block] | The Company has determinated the fair values of assets and liabilities for this business combinations as follows: Fair Value Assets and Liabilities ThCh$ Total current assets 3,942,346 Total non-current assets 22,748,015 Total Assets 26,690,361 Total current liabilities 5,393,779 Total non-current liabilities 8,854,809 Total liabilities 14,248,588 Net identifiable assets acquired 12,441,773 Non-controlling interests (6,096,469 ) Goodwill 10,376,570 Investment value 16,721,874 |
Cervecera Guayacn SpA [Member] | |
Disclosure of detailed information about fair values of assets and liabilities in a busniess combination [Text Block] | The Company has determinated the fair values of assets and liabilities for this business combination as follows: Fair Value Assets and Liabilities ThCh$ Total current assets 507,149 Total non-current assets 1,355,220 Total Assets 1,862,369 Total current liabilities 238,265 Total non-current liabilities 306,828 Total liabilities 545,093 Net identifiable assets 1,317,276 Non-controlling interests (658,633 ) Goodwill 456,007 Investment value 1,114,650 |
Promarca S.A. [Member] | |
Disclosure of detailed information about fair values of assets and liabilities in a busniess combination [Text Block] | During June 30, 2016, the fair values of the assets and liabilities of Promarca Internacional SpA. were determined, as follows: Fair Value Assets and Liabilities ThCh$ Intangible assets other than goodwill 11,229,149 Total non-current assets 11,229,149 Total Assets 11,229,149 Deferred tax liabilities 3,029,909 Total current liabilities 3,029,909 Net identifiable assets acquired 8,199,240 Amount paid 8,199,240 |
Summary of significant accoun_3
Summary of significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Summary Of Significant Accounting Policies [Abstract] | |
Information About ExplanationOf Not Applied New Standards Or Interpretations [Text Block] | These standards are required to be applied by the following dates: Next Standard Improvements and Amendments Mandatory for years beginning in: Amendments to IAS 12 Income taxes. January, 1, 2019 Amendments to IAS 19 Employees benefits. January, 1, 2019 Amendments to IAS 23 Borrowing costs. January, 1, 2019 Amendments to IAS 28 Investment in Associates and Joint Ventures. January, 1, 2019 Amendments to IAS 1 and IAS 8 Presentation of Financial Statements and Accounting Policies, Changes in Accounting Estimates and Errors. January, 1, 2020 Amendments to IFRS 3 Business combination. January, 1, 2019 Amendments to IFRS 9 Financial Instruments. January, 1, 2019 Amendments to IFRS 11 Joint arrangements. January, 1, 2019 Amendments to IFRS 3 Definition of a Business. January, 1, 2020 IFRS 16 Leases. January, 1, 2019 IFRS 17 Insurance Contracts. January, 1, 2021 IFRIC 23 Uncertainty over Income Tax Treatments. January, 1, 2019 |
Exchange Rates Of Foreign Currencies Used For Financial Statements [Text Block] | The exchange rates of the primary foreign currencies, adjustment units and index used in the preparation of the consolidated financial statements are detailed as follows: As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 Chilean Pesos as per unit of foreign currency or adjustable unit Ch$ Ch$ Ch$ Foreign currencies US Dollar USD 694.77 614.75 669.47 Euro EUR 794.75 739.15 705.60 Argentine Peso ARS 18.43 32.96 42.13 Uruguayan Peso UYU 21.44 21.34 22.82 Canadian Dollar CAD 509.62 491.05 498.38 Sterling Pound GBP 882.36 832.09 826.10 Paraguayan Guarani PYG 0.12 0.11 0.12 Bolivians BOB 101.28 89.61 97.59 Colombian Peso COP 0.21 0.21 0.22 Adjustment units Unidad de fomento (*) UF 27,565.79 26,798.14 26,347.98 Unidad de indexada (**) UI 86.19 79.62 80.15 |
Identity Of Price Index table text block [Table Text Block] | Index used in hyperinflationary economies As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 Argentina Consumer Price Index 183.13 124.80 100.00 Index percentage variation of Argentina Consumer Price Index 47.5 % 24.8 % - |
Useful lives or depreciation rates, property, plant and equipment [Text Block] | The estimated useful lives of property, plant and equipment are detailed as follows: Type of Assets Number of years Land Indefinite Buildings and Constructions 20 to 60 Machinery and equipment 10 to 25 Fumiture and accesories 5 to 10 Other equipment (coolers and mayolicas) 5 to 8 Glass containers, and plastic containers 3 to 12 Vines in production 30 |
Accounting changes (Tables)
Accounting changes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Accounting Changes [Abstract] | |
Disclosure And detailed Information About Hyper Inflationary Assets [Text Block] | The most significant effects on the non-monetary items restated, after rating the Argentine economy in a situation of hyperinflation are the following: ThCh$ Current assets 1,905,102 Non-current assets 118,989,487 Current liabilities - Non-current liabilities (27,149,456 ) Total Shareholders' Equity 93,745,133 Non-controlling interests (1,504,129 ) Equity attributable to equity holders of the parent 92,241,004 |
Risk Administration (Tables)
Risk Administration (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of risk management [Abstract] | |
Maturity Analysis For Derivative And Non Derivative Financial Liabilities [Text Block] | The Company’s financial liabilities expiring as of December 31, 2018 and 2017, based on non-discounted contractual cash flows are summarized as follows: Contractual flows maturities As of December 31, 2018 Book value (*) 0 to 3 months 3 months to 1 year Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Other financial liabilities no derivatives Bank borrowings 113,360,982 4,171,430 38,017,422 20,574,967 59,839,650 3,381,796 125,985,265 Bond payable 139,362,478 2,349,873 4,855,854 18,896,434 18,053,262 167,691,118 211,846,541 Financial leases obligations 17,912,134 241,724 725,183 1,911,683 1,909,956 23,078,634 27,867,180 Deposits for return of bottles and containers 13,967,995 - 13,967,995 - - - 13,967,995 Sub-Total 284,603,589 6,763,027 57,566,454 41,383,084 79,802,868 194,151,548 379,666,981 Derivative financial liabilities Derivative financial instruments 4,997,124 4,997,124 - - - - 4,997,124 Derivative hedge liabilities 1,351,530 639,032 620,516 424,299 - - 1,683,847 Sub-Total 6,348,654 5,636,156 620,516 424,299 - - 6,680,971 Total 290,952,243 12,399,183 58,186,970 41,807,383 79,802,868 194,151,548 386,347,952 Contractual flows maturities As of December 31, 2017 Book value (*) 0 to 3 months 3 months to 1 year Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Other financial liabilities no derivatives Bank borrowings 98,510,577 5,159,746 22,871,796 23,799,505 60,322,863 - 112,153,910 Bond payable 72,782,747 1,127,076 4,523,346 18,137,303 19,380,469 48,315,616 91,483,810 Financial leases obligations 17,814,875 354,543 1,034,396 2,552,580 2,551,761 27,644,377 34,137,657 Deposits for return of bottles and containers 13,228,328 - 13,228,328 - - - 13,228,328 Sub-Total 202,336,527 6,641,365 41,657,866 44,489,388 82,255,093 75,959,993 251,003,705 Derivative financial liabilities Derivative financial instruments 10,416,675 10,416,675 - - - - 10,416,675 Derivative hedge liabilities 1,840,188 698,685 1,142,524 - - - 1,841,209 Sub-Total 12,256,863 11,115,360 1,142,524 - - - 12,257,884 Total 214,593,390 17,756,725 42,800,390 44,489,388 82,255,093 75,959,993 263,261,589 (*) View current and non-current book value in Note 7 – Financial Instruments . |
Financial Information as per _2
Financial Information as per operating segments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Operating segments [Abstract] | |
Disclosure of operating segments [text block] | a) Information as per operating segments for the years ended December 31, 2018 and 2017 : Chile International Business Wines Others Total 2018 2017 2018 (4) 2017 2018 2017 2018 (4) 2017 2018 (5) 2017 ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Sales revenue external customers 1,080,974,052 1,020,763,055 473,972,819 457,178,413 201,305,759 200,455,713 - - 1,756,252,630 1,678,397,181 Other income 15,754,493 14,667,777 9,404,839 2,740,533 4,190,594 3,105,064 (2,320,219 ) (549,761 ) 27,029,707 19,963,613 Sales revenue between segments 12,845,646 11,688,658 548,184 398,100 1,022,378 893,005 (14,416,208 ) (12,979,763 ) - - Net sales 1,109,574,191 1,047,119,490 483,925,842 460,317,046 206,518,731 204,453,782 (16,736,427 ) (13,529,524 ) 1,783,282,337 1,698,360,794 Change % 6.0 - 5.1 - 1.0 - - - 5.0 - Cost of sales (501,255,744 ) (483,604,499 ) (230,068,601 ) (190,387,412 ) (133,271,578 ) (126,244,373 ) 4,584,531 1,497,629 (860,011,392 ) (798,738,655 ) % of Net sales 45.2 46.2 47.5 41.4 64.5 61.7 - - 48.2 47.0 Gross margin 608,318,447 563,514,991 253,857,241 269,929,634 73,247,153 78,209,409 (12,151,896 ) (12,031,895 ) 923,270,945 899,622,139 % of Net sales 54.8 53.8 52.5 58.6 35.5 38.3 - - 51.8 53.0 MSD&A (1) (407,242,869 ) (383,169,121 ) (210,591,361 ) (225,341,789 ) (52,408,689 ) (53,941,735 ) (11,332,903 ) (6,330,835 ) (681,575,822 ) (668,783,480 ) % of Net sales 36.7 36.6 43.5 49.0 25.4 26.4 - - 38.2 39.4 Other operating income (expenses) 1,586,173 2,438,416 223,078,626 678,153 1,828,938 251,765 532,889 687,209 227,026,626 4,055,543 Adjusted operating result (2) 202,661,751 182,784,286 266,344,506 45,265,998 22,667,402 24,519,439 (22,951,910 ) (17,675,521 ) 468,721,749 234,894,202 Change % 10.9 - 488.4 - (7.6 ) - - - 99.5 - % of Net sales 18.3 17.5 55.0 9.8 11.0 12.0 - - 26.3 13.8 Net financial expense - - - - - - - - (7,766,206 ) (19,115,361 ) Equity and income of associates and joint ventures - - - - - - - - (10,815,520 ) (8,914,097 ) Foreign currency exchange differences - - - - - - - - 3,299,657 (2,563,019 ) Results as per adjustment units - - - - - - - - 742,041 (110,539 ) Other gains (losses) - - - - - - - - 4,029,627 (7,716,791 ) Income before taxes 458,211,348 196,474,395 Tax income (expense) (136,126,817 ) (48,365,976 ) Net income for year 322,084,531 148,108,419 Non-controlling interests 15,193,739 18,501,066 Net income attributable to equity holders of the parent 306,890,792 129,607,353 Depreciation and amortization 63,148,804 64,807,818 19,798,708 15,568,301 7,935,006 7,505,440 2,406,676 4,317,945 93,289,194 92,199,504 ORBDA (3) 265,810,555 247,592,104 286,143,214 60,834,299 30,602,408 32,024,879 (20,545,234 ) (13,357,576 ) 562,010,943 327,093,706 Change % 7.4 - 370.4 - (4.4 ) - - - 71.8 - % of Net sales 24.0 23.6 59.1 13.2 14.8 15.7 - - 31.5 19.3 (1) MSD&A included Marketing, Selling, Distribution and Administrative expenses. (2) Adjusted operating result (for management purposes we have defined as Net income before other gains (losses), net financial expense, equity and income of joint venture, foreign currency exchange differences, result as per adjustment units and income taxes). (3) ORBDA (for management purpose we have defined as Adjusted Operating Result before Depreciation and Amortization). (4) The net impact, related to early termination of Budweiser license, on International Business Operating segment earnings was a one-time gain of ThCh$ 211,228,960 in ORBDA and a loss in Other for an amount of ThCh$ 2,386,517. (5) The net impact, related to early termination of Budweiser license ( See Note 1 – General information, letter C ), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. b) Information as per operating segments for the years ended December 31, 2017 and 2016 : Chile International Business Wines Others Total 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Sales revenue external customers 1,020,763,055 973,220,715 457,178,413 366,778,056 200,455,713 195,322,270 - - 1,678,397,181 1,535,321,041 Other income 14,667,777 15,630,481 2,740,533 2,783,615 3,105,064 5,851,015 (549,761 ) (688,444 ) 19,963,613 23,576,667 Sales revenue between segments 11,688,658 8,524,493 398,100 546,972 893,005 228,767 (12,979,763 ) (9,300,232 ) - - Net sales 1,047,119,490 997,375,689 460,317,046 370,108,643 204,453,782 201,402,052 (13,529,524 ) (9,988,676 ) 1,698,360,794 1,558,897,708 Change % 5.0 - 24.4 - 1.5 - - - 8.9 - Cost of sales (483,604,499 ) (471,151,686 ) (190,387,412 ) (157,485,547 ) (126,244,373 ) (112,938,261 ) 1,497,629 (244,422 ) (798,738,655 ) (741,819,916 ) % of Net sales 46.2 47.2 41.4 42.6 61.7 56.1 - - 47.0 47.6 Gross margin 563,514,991 526,224,003 269,929,634 212,623,096 78,209,409 88,463,791 (12,031,895 ) (10,233,098 ) 899,622,139 817,077,792 % of Net sales 53.8 52.8 58.6 57.4 38.3 43.9 - - 53.0 52.4 MSD&A (1) (383,169,121 ) (373,407,847 ) (225,341,789 ) (191,413,501 ) (53,941,735 ) (52,007,092 ) (6,330,835 ) (2,714,311 ) (668,783,480 ) (619,542,751 ) % of Net sales 36.6 37.4 49.0 51.7 26.4 25.8 - - 39.4 39.7 Other operating income (expenses) 2,438,416 1,734,871 678,153 (394,820 ) 251,765 732,689 687,209 1,043,939 4,055,543 3,116,679 Adjusted operating result (2) 182,784,286 154,551,027 45,265,998 20,814,775 24,519,439 37,189,388 (17,675,521 ) (11,903,470 ) 234,894,202 200,651,720 Change % 18.3 - 117.5 - (34.1 ) - - - 17.1 - % of Net sales 17.5 15.5 9.8 5.6 12.0 18.5 - - 13.8 12.9 Net financial expense - - - - - - - - (19,115,361 ) (14,627,170 ) Equity and income of associates and joint ventures - - - - - - - - (8,914,097 ) (5,560,522 ) Foreign currency exchange differences - - - - - - - - (2,563,019 ) 456,995 Results as per adjustment units - - - - - - - - (110,539 ) (2,246,846 ) Other gains (losses) - - - - - - - - (7,716,791 ) (8,345,907 ) Income before taxes 196,474,395 170,328,270 Tax income (expense) (48,365,976 ) (30,246,383 ) Net income for year 148,108,419 140,081,887 Non-controlling interests 18,501,066 21,624,399 Net income attributable to equity holders of the parent 129,607,353 118,457,488 Depreciation and amortization 64,807,818 61,736,849 15,568,301 11,928,705 7,505,440 7,078,872 4,317,945 2,783,619 92,199,504 83,528,045 ORBDA (3) 247,592,104 216,287,876 60,834,299 32,743,480 32,024,879 44,268,260 (13,357,576 ) (9,119,851 ) 327,093,706 284,179,765 Change % 14.5 - 85.8 - (27.7 ) - - - 15.1 - % of Net sales 23.6 21.7 13.2 8.8 15.7 22.0 - - 19.3 18.2 (1) MSD&A included Marketing, Selling, Distribution and Administrative expenses. (2) Adjusted operating result (for management purposes we have defined as Net income before other gains (losses), net financial expense, equity and income of joint venture, foreign currency exchange differences, result as per adjustment units and income taxes). (3) ORBDA (for management purpose we have defined as Adjusted Operating Result before Depreciation and Amortization). |
Disclosure of geographical areas [text block] | Sales information by geographic location For the years ended as of December 31, Net sales per geographical location 2018 2017 2016 ThCh$ ThCh$ ThCh$ Chile (1) 1,289,513,013 1,226,668,091 1,176,972,109 Argentina (2) 421,607,095 413,466,737 329,585,488 Uruguay 17,708,773 16,402,136 15,204,331 Paraguay 43,565,171 41,823,830 37,135,780 Bolivia (3) 10,888,285 - - Foreign countries 493,769,324 471,692,703 381,925,599 Total 1,783,282,337 1,698,360,794 1,558,897,708 (1) Includes net sales correspond to Corporate Support Unit and eliminations between geographical locations. Additionally, includes net sales made in Chile of the Wines Operating segment. (2) Includes net sales made by the subisiaries Finca La Celia S.A. and Los Huemules SRL., registered under the Wines Operating segment and Chile Operating segment, respectively. (3) See Note 15 – Business combinations, letter a) . |
Disclosure of major customers [text block] | Sales information by customer For the years ended as of December 31, Net Sales 2018 2017 2016 ThCh$ ThCh$ ThCh$ Domestic sales 1,664,613,889 1,572,617,473 1,429,152,068 Exports sales 118,668,448 125,743,321 129,745,640 Total 1,783,282,337 1,698,360,794 1,558,897,708 |
Disclosure Of Products By Category [Text Block] | Sales information by product category For the years ended as of December 31, Sales information by product category 2018 2017 2016 ThCh$ ThCh$ ThCh$ Alcoholic business 1,206,506,503 1,158,451,078 1,041,923,724 Non-alcoholic business 549,746,127 519,946,103 493,397,317 Others (1) 27,029,707 19,963,613 23,576,667 Total 1,783,282,337 1,698,360,794 1,558,897,708 (1) Others consist mainly of sales of by-products and packaging including bottles, pallets, and glasses. |
Disclosure Of Depreciation And Amortisation Operating Segments [Text Block] | Depreciation and amortization as per operating segments For the years ended as of December 31, Depreciation and amortization 2018 2017 2016 ThCh$ ThCh$ ThCh$ Chile operating segment 63,148,804 64,807,818 61,736,849 International Business operating segment 19,798,708 15,568,301 11,928,705 Wines operating segment 7,935,006 7,505,440 7,078,872 Others (1) 2,406,676 4,317,945 2,783,619 Total 93,289,194 92,199,504 83,528,045 (1) I ncludes depreciation and amortization corresponding to the Corporate Support Units. |
Disclosure Of Cash Flows From Used In Operating Segments [Text Block] | Cash flows Operating Segments For the years ended as of December 31, Cash flows Operating Segments 2018 2017 2016 ThCh$ ThCh$ ThCh$ Cash flows from (used in ) Operating activities 429,313,131 262,161,431 190,014,348 Chile operating segment 157,294,023 161,413,504 152,862,350 International business operating segment 228,740,495 58,773,027 13,065,093 Wines operating segment 14,340,011 16,167,068 32,949,789 Others (1) 28,938,602 25,807,832 (8,862,884 ) Cash flows from (used in ) Investing Activities (199,002,101 ) (173,614,379 ) (155,007,390 ) Chile operating segment (98,325,850 ) (78,746,298 ) (57,119,431 ) International business operating segment (35,475,310 ) (32,312,751 ) (40,032,866 ) Wines operating segment (16,749,301 ) (10,870,574 ) (13,499,538 ) Others (1) (*) (48,451,640 ) (51,684,756 ) (44,355,555 ) Cash flows from (used in ) Financing Activities (52,963,862 ) (53,001,198 ) (95,059,905 ) Chile operating segment (78,048,783 ) (65,996,567 ) (90,636,820 ) International business operating segment (100,573,425 ) (8,217,846 ) 18,820,789 Wines operating segment 3,741,241 (15,171,642 ) (18,841,106 ) Others (1) 121,917,105 36,384,857 (4,402,768 ) (1) Others includes Corporate Support Units, due to cash flows are managed by CCU. (*) Includes contribution to joint ventures. See Note 8 - Cash and cash equivalents . |
Disclosure Of Capital Investments By Operating Segments [Text Block] | Capital expenditures as per operating segments For the years ended as of December 31, Capital expenditures (property, plant and equipment and software additions) 2018 2017 2016 ThCh$ ThCh$ ThCh$ Chile operating segment 78,887,075 80,866,369 53,809,780 International Business operating segment 32,756,828 32,312,751 39,592,739 Wines operating segment 16,961,638 10,948,212 14,767,858 Others (1) 2,834,881 1,638,148 20,713,048 Total 131,440,422 125,765,480 128,883,425 (1) Others includes the capital investments corresponding to the Corporate Support Units. |
Disclosure Of Operating Segments Assets [Text Block] | Assets as per operating segments As of December 31, 2018 As of December 31, 2017 Assets as per Operating segment ThCh$ ThCh$ Chile operating segment 1,183,145,732 1,045,791,551 International Business operating segment 463,913,523 274,766,962 Wines operating segment 341,959,321 315,298,950 Others (1) 416,846,340 340,371,624 Total 2,405,864,916 1,976,229,087 (1) I ncludes assets corresponding to the Corporate Support Units. |
Disclosure Of Geographical Areas Assets [Text Block] | Assets per geographic location As of December 31, 2018 As of December 31, 2017 Assets per geographical location ThCh$ ThCh$ Chile (1) 1,924,196,897 1,689,394,491 Argentina (2) 373,091,516 213,714,384 Uruguay 26,925,415 25,015,615 Paraguay 53,126,091 48,104,597 Bolivia (3) 28,524,997 - Total 2,405,864,916 1,976,229,087 (1) Includes the assets corresponding to the Corporate Support Units and eliminations between geographic location and investments in associates and joint ventures. Additionally, includes part of Wines Operating segment and excludes its argentine subsidiary Finca La Celia S.A. (2) Includes the assets of the subisiaries Finca La Celia S.A. and Los Huemules SRL., registered under the Wines Operating segment and Chile Operating segment, respectively. (3) See Note 15 – Business combinations, letter a) . |
Disclosure Of Operating Segments Liabilities [Text Block] | Liabilities as per operating segments As of December 31, 2018 As of December 31, 2017 Liabilities as per Operating segment ThCh$ ThCh$ Chile operating segment 457,517,605 388,121,093 International Business operating segment 172,893,966 119,351,344 Wines operating segment 112,427,830 95,094,080 Others (1) 273,909,572 146,833,962 Total 1,016,748,973 749,400,479 (1) O thers includes liabilities corresponding to the Corporate Support Units. |
Disclosure Of Operating Segments Related To Income Statement [Text Block] | The Consolidated Statement of Income classified according to the Company’s operations management is as follows: For the years ended December 31, CONSOLIDATED STATEMENT OF INCOME Notes 2018 (*) 2017 2016 ThCh$ ThCh$ ThCh$ Sales revenue external customers 1,756,252,630 1,678,397,181 1,535,321,041 Other income 27,029,707 19,963,613 23,576,667 Net sales 1,783,282,337 1,698,360,794 1,558,897,708 Change % 5.0 8.9 - Cost of sales (860,011,392 ) (798,738,655 ) (741,819,916 ) % of Net sales 48.2 47.0 47.6 Gross margin 923,270,945 899,622,139 817,077,792 % of Net sales 51.8 53.0 52.4 MSD&A (1) (681,575,822 ) (668,783,480 ) (619,542,751 ) % of Net sales 38.2 39.4 39.7 Other operating income (expenses) 227,026,626 4,055,543 3,116,679 Adjusted operating result (2) 468,721,749 234,894,202 200,651,720 Change % 99.5 17.1 - % of Net sales 26.3 13.8 12.9 Net financial expense 32 (7,766,206 ) (19,115,361 ) (14,627,170 ) Equity and income of associates and joint ventures 16 (10,815,520 ) (8,914,097 ) (5,560,522 ) Foreign currency exchange differences 32 3,299,657 (2,563,019 ) 456,995 Results as per adjustment units 32 742,041 (110,539 ) (2,246,846 ) Other gains (losses) 31 4,029,627 (7,716,791 ) (8,345,907 ) Income before taxes 458,211,348 196,474,395 170,328,270 Tax income (expense) 24 (136,126,817 ) (48,365,976 ) (30,246,383 ) Net income for year 322,084,531 148,108,419 140,081,887 Non-controlling interests 28 15,193,739 18,501,066 21,624,399 Net income attributable to equity holders of the parent 306,890,792 129,607,353 118,457,488 Depreciation and amortization 29 93,289,194 92,199,504 83,528,045 ORBDA (3) 562,010,943 327,093,706 284,179,765 Change % 71.8 15.1 - % of Net sales 31.5 19.3 18.2 (*) The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C ), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Disclosure Of Operating Segments Related To Profit Loss [Text Block] | The following is a reconciliation of our Net income, the main comparable IFRS measure to Adjusted Operating Result for the years ended December 31, 2018, 2017 and 2016 : For the years ended December 31, 2018 (*) 2017 2016 ThCh$ ThCh$ ThCh$ Net income of year 322.084.531 148,108,419 140,081,887 Add (Subtract): Other gains (losses) (4.029.627 ) 7,716,791 8,345,907 Finance income (15.794.456 ) (5,050,952 ) (5,680,068 ) Finance costs 23.560.662 24,166,313 20,307,238 Share of net loss of joint ventures and associates accounted for using the equity method 10.815.520 8,914,097 5,560,522 Foreign currency exchange differences (3.299.657 ) 2,563,019 (456,995 ) Result as per adjustment units (742.041 ) 110,539 2,246,846 Tax income (expense) 136.126.817 48,365,976 30,246,383 Adjusted operating result 468.721.749 234,894,202 200,651,720 Depreciation and amortization 93.289.194 92,199,504 83,528,045 ORBDA 562.010.943 327,093,706 284,179,765 (*) The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C ), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Disclosure Of Operating Segments Related To MSDA [Text Block] | The following is a reconciliation of the consolidated amounts presented for MSD&A with the comparable amounts presented on the face of our consolidated statement of income: For the years ended December 31. 2018 2017 2016 ThCh$ ThCh$ ThCh$ Consolidated statement of income Distribution costs (314,391,183 ) (290,227,129 ) (270,835,822 ) Administrative expenses (152,376,458 ) (142,514,649 ) (155,322,295 ) Other expenses by function (216,236,609 ) (238,704,061 ) (195,412,109 ) Other expenses included in ´Other expenses by function´ 1,428,428 2,662,359 2,027,475 Total MSD&A (681,575,822 ) (668,783,480 ) (619,542,751 ) |
Financial Instruments (Tables)
Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial instruments [Abstract] | |
Disclosure of carrying amount categories of financial instruments [Text Block] | The carrying amounts of each financial instrument category as of each year-end are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 11,522,482 - 3,158,391 - Market securities and investments in other companies 11,010,433 - 7,565,805 - Derivative hedge assets 212,554 3,325,079 - 1,918,191 Total other financial assets 22,745,469 3,325,079 10,724,196 1,918,191 Accounts receivable - trade and other receivable (net) 320,702,339 3,363,123 286,213,598 3,974,395 Accounts receivable from related parties 3,048,841 190,865 5,810,764 258,471 Total accounts receivables 323,751,180 3,553,988 292,024,362 4,232,866 Sub-Total financial assets 346,496,649 6,879,067 302,748,558 6,151,057 Cash and cash equivalents 319,014,050 - 170,044,602 - Total financial assets 665,510,699 6,879,067 472,793,160 6,151,057 Bank borrowings 38,160,178 75,200,804 24,623,746 73,886,831 Bonds payable 4,081,175 135,281,303 3,306,135 69,476,612 Financial leases obligations 365,972 17,546,162 176,586 17,638,289 Deposits for return of bottles and containers 13,967,995 - 13,228,328 - Total financial liabilities measured at amortized cost 56,575,320 228,028,269 41,334,795 161,001,732 Derivative financial instruments 4,997,124 - 10,416,675 - Derivative hedge liabilities 1,194,502 157,028 1,840,188 - Total financial derivative liabilities 6,191,626 157,028 12,256,863 - Total other financial liabilities (*) 62,766,946 228,185,297 53,591,658 161,001,732 Account payable- trade and other payable 303,380,168 12,413 281,681,553 541,783 Accounts payable to related parties 6,936,910 - 10,069,043 - Total commercial obligations and other accounts payable 310,317,078 12,413 291,750,596 541,783 Total financial liabilities 373,084,024 228,197,710 345,342,254 161,543,515 (*) See Note 21 - Other financial liabilities . |
Disclosure of financial assets and liabilities at fair value category [Text Block] | The following tables show fair values, based on financial instrument categories, compared to the carrying amount included in the Consolidated Statements of Financial Position: a) Financial assets and liabilities are detailed as follows: As of December 31, 2018 As of December 31, 2017 Book Value Fair Value Book Value Fair Value ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 11,522,482 11,522,482 3,158,391 3,158,391 Market securities and investments in other companies 11,010,433 11,010,433 7,565,805 7,565,805 Derivative hedge assets 3,537,633 3,537,633 1,918,191 1,918,191 Total other financial assets 26,070,548 26,070,548 12,642,387 12,642,387 Accounts receivable - trade and other receivable (net) 324,065,462 324,065,462 290,187,993 290,187,993 Accounts receivable from related parties 3,239,706 3,239,706 6,069,235 6,069,235 Total accounts receivables 327,305,168 327,305,168 296,257,228 296,257,228 Sub-Total financial assets 353,375,716 353,375,716 308,899,615 308,899,615 Cash and cash equivalents 319,014,050 319,014,050 170,044,602 170,044,602 Total financial assets 672,389,766 672,389,766 478,944,217 478,944,217 Bank borrowings 113,360,982 117,211,707 98,510,577 102,062,465 Bonds payable 139,362,478 187,276,391 72,782,747 79,559,896 Financial leases obligations 17,912,134 24,278,897 17,814,875 29,314,234 Deposits for return of bottles and containers 13,967,995 13,967,995 13,228,328 13,228,328 Total financial liabilities measured at amortized cost 284,603,589 342,734,990 202,336,527 224,164,923 Derivative financial instruments 4,997,124 4,997,124 10,416,675 10,416,675 Derivative hedge liabilities 1,351,530 1,351,530 1,840,188 1,840,188 Total financial derivative liabilities 6,348,654 6,348,654 12,256,863 12,256,863 Total other financial liabilities (*) 290,952,243 349,083,644 214,593,390 236,421,786 Account payable- trade and other payable 303,392,581 303,392,581 282,223,336 282,223,336 Accounts payable to related parties 6,936,910 6,936,910 10,069,043 10,069,043 Total commercial obligations and other accounts payable 310,329,491 310,329,491 292,292,379 292,292,379 Total financial liabilities 601,281,734 659,413,135 506,885,769 528,714,165 (*) See Note 21 - Other financial liabilities . |
Disclosure of financial instruments categories [Text Block] | b) Financial instruments by category: Fair value with changes in income Financial assets measured at amortized cost Hedge derivatives Total As of December 31, 2018 ThCh$ ThCh$ ThCh$ ThCh$ Financial assets Derivative financial instruments 11,522,482 - - 11,522,482 Marketable securities and investments in other companies 11,010,433 - - 11,010,433 Derivative hedge assets - - 3,537,633 3,537,633 Total other financial assets 22,532,915 - 3,537,633 26,070,548 Cash and cash equivalents - 319,014,050 - 319,014,050 Trade and other receivable (net) - 324,065,462 - 324,065,462 Accounts receivable from related parties - 3,239,706 - 3,239,706 Total financial assets 22,532,915 646,319,218 3,537,633 672,389,766 As of December 31, 2018 Fair value with changes in income Hedge derivatives Financial liabilities measured at amortized cost Total ThCh$ ThCh$ ThCh$ ThCh$ Financial liabilities Bank borrowings - - 113,360,982 113,360,982 Bonds payable - - 139,362,478 139,362,478 Financial leases obligations - - 17,912,134 17,912,134 Deposits for return of bottles and containers - - 13,967,995 13,967,995 Derivative financial instruments 4,997,124 - - 4,997,124 Derivative hedge liabilities - 1,351,530 - 1,351,530 Total other financial liabilities 4,997,124 1,351,530 284,603,589 290,952,243 Account payable- trade and other payable - - 303,392,581 303,392,581 Accounts payable to related parties - - 6,936,910 6,936,910 Total financial liabilities 4,997,124 1,351,530 594,933,080 601,281,734 As of December 31, 2017 Fair value with changes in income Financial assets measured at amortized cost Hedge derivatives Total ThCh$ ThCh$ ThCh$ ThCh$ Financial assets Derivative financial instruments 3,158,391 - - 3,158,391 Marketable securities and investments in other companies 7,565,805 - - 7,565,805 Derivative hedge assets - - 1,918,191 1,918,191 Total other financial assets 10,724,196 - 1,918,191 12,642,387 Cash and cash equivalents - 170,044,602 - 170,044,602 Trade and other receivable (net) - 290,187,993 - 290,187,993 Accounts receivable from related parties - 6,069,235 - 6,069,235 Total financial assets 10,724,196 466,301,830 1,918,191 478,944,217 As of December 31, 2017 Fair value with changes in income Hedge derivatives Financial liabilities measured at amortized cost Total ThCh$ ThCh$ ThCh$ ThCh$ Financial liabilities Bank borrowings - - 98,510,577 98,510,577 Bonds payable - - 72,782,747 72,782,747 Financial leases obligations - - 17,814,875 17,814,875 Deposits for return of bottles and containers - - 13,228,328 13,228,328 Derivative financial instruments 10,416,675 - - 10,416,675 Derivative hedge liabilities - 1,840,188 - 1,840,188 Total other financial liabilities 10,416,675 1,840,188 202,336,527 214,593,390 Account payable- trade and other payable - - 282,223,336 282,223,336 Accounts payable to related parties - - 10,069,043 10,069,043 Total financial liabilities 10,416,675 1,840,188 494,628,906 506,885,769 |
Disclosure of derivatives instruments [Text Block] | The detail of maturities, number of derivative agreements, contracted nominal amounts, fair values and the classification of such derivative instruments by type of agreement at the closing of each year are detailed as follows: As of December 31, 2018 As of December 31, 2017 Number agreegments Nominal amounts thousand Asset Liability Number agreegments Nominal amounts thousand Asset Liability ThCh$ ThCh$ ThCh$ ThCh$ Cross currency interest rate swaps CLP/USD 1 2,000 3,325,079 1,194,502 1 2,000 1,918,191 1,484,538 Less than a year - - 1,194,502 - - - 1,484,538 Between 1 and 5 years 2,000 3,325,079 - 2,000 1,918,191 - Cross currency interest rate swaps USD/EURO 1 11,600 212,554 157,028 1 7,872 - 355,650 Less than a year - 212,554 - 7,872 - 355,650 Between 1 and 5 years - 11,600 - 157,028 - - - - Total 2 3,537,633 1,351,530 2 1,918,191 1,840,188 Forwards USD 32 269,371 11,264,711 3,832,634 27 245,641 3,095,825 9,722,619 Less than a year 269,371 11,264,711 3,832,634 245,641 3,095,825 9,722,619 Forwards Euro 10 79,326 225,815 1,153,302 14 65,598 44,474 694,056 Less than a year 79,326 225,815 1,153,302 65,598 44,474 694,056 Forwards CAD 3 2,650 28,381 3,986 3 1,750 15,530 - Less than a year 2,650 28,381 3,986 1,750 15,530 - Forwards GBP 4 1,030 3,575 7,202 2 480 2,562 - Less than a year 4 1,030 3,575 7,202 480 2,562 - Total 49 11,522,482 4,997,124 46 3,158,391 10,416,675 Total instruments 51 15,060,115 6,348,654 48 5,076,582 12,256,863 |
Disclosure of cash flow hedges related to loans from Banco de Chile and Banco Scotiabank [Text Block] | As of December 31, 2018 Entity Nature of risks covered Rights Obligations Fair value of net asset (liabilities) Currency Amount Currency Amount Amount Maturity ThCh$ ThCh$ ThCh$ Scotiabank Chile Flow interest rate and exchange rate on bank bonds USD 8,256,869 EUR 8,201,343 55,526 06-18-2021 Banco de Chile Flow interest rate on bank bonds UF 60,388,039 CLP 58,257,462 2,130,577 09-15-2021 As of December 31, 2017 Entity Nature of risks covered Rights Obligations Fair value of net asset (liabilities) Currency Amount Currency Amount Amount Maturity ThCh$ ThCh$ ThCh$ Scotiabank Chile Flow interest rate and exchange rate on bank bonds USD 4,860,845 EUR 5,216,495 (355,650 ) 06-18-2018 Banco de Chile Flow interest rate on bank bonds UF 60,640,827 CLP 60,207,174 433,653 09-15-2021 |
Disclosure Of Fair Value Of Financial Instruments Recorded At Fair Value Consolidated Statement Of Financial Position [Text Block] | The fair value of financial instruments recorded at fair value in the Consolidated Financial Statements, is detailed as follows: As of December 31, 2018 Recorded fair value Fair value hierarchy level 1 level 2 level 3 ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 11,522,482 - 11,522,482 - Market securities and investments in other companies 11,010,433 11,010,433 - - Derivative hedge assets 3,537,633 - 3,537,633 - Total other financial assets 26,070,548 11,010,433 15,060,115 - Derivative financial instruments 4,997,124 - 4,997,124 - Derivative hedge liabilities 1,351,530 - 1,351,530 - Total financial derivative liabilities 6,348,654 - 6,348,654 - As of December 31, 2017 Recorded fair value Fair value hierarchy level 1 level 2 level 3 ThCh$ ThCh$ ThCh$ ThCh$ Derivative financial instruments 3,158,391 - 3,158,391 - Market securities and investments in other companies 7,565,805 7,565,805 - - Derivative hedge assets 1,918,191 - 1,918,191 - Total other financial assets 12,642,387 7,565,805 5,076,582 - Derivative financial instruments 10,416,675 - 10,416,675 - Derivative hedge liabilities 1,840,188 - 1,840,188 - Total financial derivative liabilities 12,256,863 - 12,256,863 - |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Cash and Cash Equivalents [Abstract] | |
Disclosure Of Cash And Cash Equivalents Balances Components [Text Block] | Cash and cash equivalent balances are detailed as follows: As of December 31, 2018 As of December 31, 2017 As of December 31, 2016 ThCh$ ThCh$ ThCh$ Cash on hand 221,071 97,228 106,203 Bank balances 64,085,358 45,389,589 41,519,788 Cash 64,306,429 45,486,817 41,625,991 Time deposits 46,723,278 4,804,224 14,955,778 Securities purchased under resale agreements 196,319,058 102,695,758 75,447,904 Investments in mutual funds 10,194,222 16,586,749 24,772 Short term investments classified as cash equivalents 206,513,280 119,282,507 75,472,676 Cash equivalents 253,236,558 124,086,731 90,428,454 Overnight deposits 1,471,063 471,054 1,978,738 Total other cash and cash equivalents 1,471,063 471,054 1,978,738 Total 319,014,050 170,044,602 134,033,183 |
Disclosure Of Cash And Cash Equivalents Currency Composition [Text Block] | The composition of cash and cash equivalents by currency as of December 31, 2018 , is detailed as follows: Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Cash on hand 77,940 5,290 - 5,477 - - 132,364 - 221,071 Bank balances 39,692,222 17,550,277 954,640 1,039,825 548,975 2,495,748 1,127,401 676,270 64,085,358 Cash 39,770,162 17,555,567 954,640 1,045,302 548,975 2,495,748 1,259,765 676,270 64,306,429 Time deposits 24,755,756 - - 21,967,522 - - - - 46,723,278 Securities purchased under resale agreements 196,319,058 - - - - - - - 196,319,058 Investments in mutual funds - - - 10,194,222 - - - - 10,194,222 Short term investments classified as cash equivalents 196,319,058 - - 10,194,222 - - - - 206,513,280 Cash equivalents 221,074,814 - - 32,161,744 - - - - 253,236,558 Overnight deposits - 1,471,063 - - - - - - 1,471,063 Total other cash and cash equivalents - 1,471,063 - - - - - - 1,471,063 Total 260,844,976 19,026,630 954,640 33,207,046 548,975 2,495,748 1,259,765 676,270 319,014,050 The composition of cash and cash equivalents by currency as of December 31, 2017 , is detailed as follows: Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Cash on hand 75,623 16,154 - 5,451 - - - - 97,228 Bank balances 30,110,816 4,691,411 182,966 1,391,103 718,348 7,758,211 - 536,734 45,389,589 Cash 30,186,439 4,707,565 182,966 1,396,554 718,348 7,758,211 - 536,734 45,486,817 Time deposits 4,804,224 - - - - - - - 4,804,224 Securities purchased under resale agreements 102,695,758 - - - - - - - 102,695,758 Investments in mutual funds - - - 16,586,749 - - - - 16,586,749 Short term investments classified as cash equivalents 102,695,758 - - 16,586,749 - - - - 119,282,507 Cash equivalents 107,499,982 - - 16,586,749 - - - - 124,086,731 Overnight deposits - 471,054 - - - - - - 471,054 Total other cash and cash equivalents - 471,054 - - - - - - 471,054 Total 137,686,421 5,178,619 182,966 17,983,303 718,348 7,758,211 - 536,734 170,044,602 The composition of cash and cash equivalents by currency as of December 31, 2016 , is detailed as follows: Chilean Peso US Dollar Euro Argentine Peso Uruguayan Peso Paraguayan Guarani Bolivian Others Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Cash on hand 100,921 788 - 4,494 - - - - 106,203 Bank balances 27,164,330 6,479,095 786,887 2,158,115 1,136,783 3,291,550 - 503,028 41,519,788 Cash 27,265,251 6,479,883 786,887 2,162,609 1,136,783 3,291,550 - 503,028 41,625,991 Time deposits 14,754,416 - - 201,362 - - - - 14,955,778 Securities purchased under resale agreements 75,447,904 - - - - - - - 75,447,904 Investments in mutual funds - - - 24,772 - - - - 24,772 Short term investments classified as cash equivalents 75,447,904 - - 24,772 - - - - 75,472,676 Cash equivalents 90,202,320 - - 226,134 - - - - 90,428,454 Overnight deposits - 1,978,738 - - - - - - 1,978,738 Total other cash and cash equivalents - 1,978,738 - - - - - - 1,978,738 Total 117,467,571 8,458,621 786,887 2,388,743 1,136,783 3,291,550 - 503,028 134,033,183 |
Disclosure Of Short term Deposits Classified As Cash Equivalents [Text Block] | The composition of time deposits is detailed as follows: As of December 31, 2018: Financial entity Date of placement Due date Currency Amount Monthly interest rate (%) ThCh Banco de Chile 12-21-2018 01-30-2019 USD 486,812 3.50 Banco de Chile 12-24-2018 01-09-2019 CLP 1,250,613 0.21 Banco de Chile 12-26-2018 01-25-2019 USD 139,017 3.25 Banco de Chile 12-27-2018 01-25-2019 USD 62,548 2.75 Banco Francés - Argentina 12-07-2018 03-07-2019 ARS 5,921,330 0.53 Banco Francés - Argentina 12-12-2018 03-12-2019 ARS 5,110,766 0.50 Banco HSBC - Argentina 12-12-2018 03-12-2019 ARS 4,921,479 0.50 Banco Itaú - Argentina 11-07-2018 01-07-2019 ARS 6,013,947 0.58 Banco Santander - Chile 12-18-2018 01-10-2019 CLP 2,803,033 0.25 Banco Santander - Chile 12-19-2018 01-10-2019 CLP 10,010,400 0.26 Banco Santander - Chile 12-27-2018 01-24-2019 CLP 10,003,333 0.25 Total 46,723,278 As of December 31, 2017 : Financial entity Date of placement Due date Currency Amount Monthly interest rate (%) ThCh Banco Consorcio - Chile 12-20-2017 01-03-2018 CLP 4,804,224 0.24 Total 4,804,224 As of December 31, 2016: Financial entity Date of placement Due date Currency Amount Monthly interest rate (%) ThCh Banco Santander - Chile 12-27-2016 01-05-2017 CLP 1,250,550 0.33 Banco Santander - Chile 12-28-2016 01-10-2017 CLP 2,400,792 0.33 Banco Santander - Chile 12-29-2016 01-25-2017 CLP 5,701,292 0.34 Banco Santander - Chile 12-28-2016 01-26-2017 CLP 5,401,782 0.33 Banco Francés - Argentina 12-12-2016 01-11-2017 ARS 201,362 1.60 Total 14,955,778 |
Disclosure Of Composition Of Financial Instruments Under Repurchase Agreement Commitments [Text Block] | The composition of Securities purchased under resale agreements is detailed as follows: As of December 31, 2018 : Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%) ThCh BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-17-2018 01-04-2019 CLP 6,807,616 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-20-2018 01-10-2019 CLP 3,552,994 0.23 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-21-2018 01-10-2019 CLP 1,196,505 0.23 BanChile Corredores de Bolsa S.A. Banco BICE - Chile 12-21-2018 01-10-2019 CLP 1,997,067 0.23 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-21-2018 01-10-2019 CLP 709,418 0.23 BanChile Corredores de Bolsa S.A. Banco de Chile 12-21-2018 01-10-2019 CLP 296,155 0.23 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-21-2018 01-10-2019 CLP 184,213 0.23 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-21-2018 01-16-2019 CLP 283,475 0.23 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-21-2018 01-16-2019 CLP 91,813 0.23 BanChile Corredores de Bolsa S.A. Banco de Chile 12-26-2018 01-15-2019 CLP 10,004,000 0.24 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-26-2018 01-10-2019 CLP 300,885 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-26-2018 01-10-2019 CLP 1,100,440 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-26-2018 01-10-2019 CLP 490,196 0.24 BanChile Corredores de Bolsa S.A. Banco de Chile 12-26-2018 01-10-2019 CLP 5,001,235 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2018 01-15-2019 CLP 3,500,840 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2018 01-15-2019 CLP 1,500,360 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-13-2018 01-14-2019 CLP 4,105,904 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-14-2018 01-02-2019 CLP 1,094,729 0.24 BancoEstado Corredores de Bolsa S.A. Banco del Estado de Chile 12-14-2018 01-02-2019 CLP 7,009,520 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-14-2018 01-02-2019 CLP 1,911,598 0.24 BancoEstado Corredores de Bolsa S.A. Banco Santander - Chile 12-14-2018 01-02-2019 CLP 415,536 0.24 BancoEstado Corredores de Bolsa S.A. Banco Security - Chile 12-14-2018 01-02-2019 CLP 5,690,513 0.24 BancoEstado Corredores de Bolsa S.A. Banco Santander - Chile 12-14-2018 01-30-2019 CLP 250,340 0.24 BancoEstado Corredores de Bolsa S.A. Banco Security - Chile 12-20-2018 01-30-2019 CLP 500,440 0.24 BancoEstado Corredores de Bolsa S.A. Scotiabank Chile 12-24-2018 01-10-2019 CLP 199,653 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-24-2018 01-10-2019 CLP 950,991 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-26-2018 01-30-2019 CLP 2,634,725 0.24 BancoEstado Corredores de Bolsa S.A. Banco del Estado de Chile 12-26-2018 01-30-2019 CLP 6,702,680 0.24 BancoEstado Corredores de Bolsa S.A. Scotiabank Chile 12-26-2018 01-30-2019 CLP 4,829,042 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-26-2018 01-30-2019 CLP 8,848,606 0.24 BancoEstado Corredores de Bolsa S.A. Banco Santander - Chile 12-26-2018 01-30-2019 CLP 6,560,550 0.24 BancoEstado Corredores de Bolsa S.A. Banco Itaú Corpbanca - Chile 12-26-2018 01-30-2019 CLP 1,650,525 0.24 BancoEstado Corredores de Bolsa S.A. Banco Security - Chile 12-26-2018 01-30-2019 CLP 4,881,954 0.24 BancoEstado Corredores de Bolsa S.A. Banco Consorcio 12-26-2018 01-30-2019 CLP 3,427,727 0.24 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-27-2018 01-15-2019 CLP 3,279,009 0.25 BancoEstado Corredores de Bolsa S.A. Banco del Estado de Chile 12-27-2018 01-15-2019 CLP 472,241 0.25 BancoEstado Corredores de Bolsa S.A. Banco de Chile 12-27-2018 01-10-2019 CLP 600,200 0.25 BancoEstado Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-27-2018 01-15-2019 CLP 3,001,000 0.25 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 11-30-2018 01-04-2019 CLP 3,899,730 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 11-30-2018 01-04-2019 CLP 2,216,658 0.26 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 12-13-2018 01-02-2019 CLP 2,859,342 0.25 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 12-13-2018 01-30-2019 CLP 270,405 0.25 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-13-2018 01-16-2019 CLP 233,620 0.25 BBVA Corredores de Bolsa Ltda. Banco Security - Chile 12-13-2018 01-16-2019 CLP 1,969,680 0.25 BBVA Corredores de Bolsa Ltda. Banco de Chile 12-13-2018 01-02-2019 CLP 3,550,258 0.25 BBVA Corredores de Bolsa Ltda. Banco Santander - Chile 12-17-2018 01-02-2019 CLP 2,876,187 0.25 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-17-2018 01-02-2019 CLP 7,880,787 0.25 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-17-2018 01-16-2019 CLP 1,474,627 0.25 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-17-2018 01-16-2019 CLP 1,550,072 0.25 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-17-2018 01-16-2019 CLP 1,230,260 0.25 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-17-2018 01-02-2019 CLP 4,911,284 0.25 BBVA Corredores de Bolsa Ltda. Banco de Chile 12-19-2018 01-10-2019 CLP 6,881,358 0.26 BBVA Corredores de Bolsa Ltda. Banco del Estado de Chile 12-19-2018 01-10-2019 CLP 7,941,664 0.26 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-19-2018 01-10-2019 CLP 3,822,988 0.26 BBVA Corredores de Bolsa Ltda. Banco Santander - Chile 12-19-2018 01-10-2019 CLP 4,451,265 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-19-2018 01-10-2019 CLP 1,963,352 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-19-2018 01-10-2019 CLP 185,620 0.26 BBVA Corredores de Bolsa Ltda. Banco Security - Chile 12-19-2018 01-10-2019 CLP 1,967,453 0.26 BBVA Corredores de Bolsa Ltda. Banco Security - Chile 12-19-2018 01-10-2019 CLP 895,503 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-24-2018 01-10-2019 CLP 4,802,350 0.26 BBVA Corredores de Bolsa Ltda. Banco Santander - Chile 12-24-2018 01-10-2019 CLP 2,602,140 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-24-2018 01-10-2019 CLP 2,501,517 0.26 BBVA Corredores de Bolsa Ltda. Banco de Chile 12-24-2018 01-09-2019 CLP 900,546 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-27-2018 01-30-2019 CLP 1,190,413 0.26 BBVA Corredores de Bolsa Ltda. Banco de Crédito e Inversiones - Chile 12-27-2018 01-10-2019 CLP 3,801,316 0.26 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-27-2018 01-15-2019 CLP 9,453,276 0.26 BBVA Corredores de Bolsa Ltda. Banco Itaú Corpbanca - Chile 12-27-2018 01-09-2019 CLP 2,000,692 0.26 Total 196,319,058 (*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. As of December 31, 2017 : Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%) ThCh BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-12-2017 01-05-2018 CLP 369,413 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-14-2017 01-05-2018 CLP 144,116 0.24 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-14-2017 01-05-2018 CLP 6,006,912 0.24 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-14-2017 01-05-2018 CLP 196,591 0.24 BanChile Corredores de Bolsa S.A. Banco Itaú Corpbanca - Chile 12-14-2017 01-05-2018 CLP 970,704 0.24 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-14-2017 01-05-2018 CLP 3,796,772 0.24 BanChile Corredores de Bolsa S.A. Banco de Chile 12-22-2017 01-05-2018 CLP 3,672,751 0.25 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-26-2017 01-05-2018 CLP 2,910,394 0.24 BanChile Corredores de Bolsa S.A. Banco Itaú Corpbanca - Chile 12-26-2017 01-05-2018 CLP 1,591,406 0.24 BanChile Corredores de Bolsa S.A. Banco Security - Chile 12-12-2017 01-05-2018 CLP 2,935,603 0.24 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-22-2017 01-05-2018 CLP 2,631,974 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-04-2018 CLP 80,020 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-22-2017 01-03-2018 CLP 5,003,750 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-05-2018 CLP 2,750,688 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-05-2018 CLP 3,000,750 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-28-2017 01-05-2018 CLP 5,001,250 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-28-2017 01-05-2018 CLP 4,001,000 0.25 BancoEstado S.A. Corredores de Bolsa Banco Security - Chile 12-28-2017 01-05-2018 CLP 1,000,250 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Azul - Chile 12-28-2017 01-05-2018 CLP 1,000,250 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-10-2018 CLP 4,251,063 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-29-2017 01-10-2018 CLP 3,238,217 0.25 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-29-2017 01-10-2018 CLP 2,000,333 0.25 BancoEstado S.A. Corredores de Bolsa Banco Security - Chile 12-29-2017 01-10-2018 CLP 1,938,656 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-30-2018 CLP 1,250,313 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-29-2017 01-10-2018 CLP 340,057 0.25 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-22-2017 01-10-2018 CLP 2,628,752 0.25 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-22-2017 01-10-2018 CLP 1,974,698 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-28-2017 01-15-2018 CLP 3,800,950 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-04-2018 CLP 950,238 0.25 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-22-2017 01-10-2018 CLP 1,000,750 0.25 BancoEstado S.A. Corredores de Bolsa Banco Internacional - Chile 12-28-2017 01-10-2018 CLP 944,884 0.25 BancoEstado S.A. Corredores de Bolsa Banco BICE - Chile 12-28-2017 01-10-2018 CLP 2,000,500 0.25 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-28-2017 01-10-2018 CLP 8,475,346 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-04-2018 CLP 225,056 0.25 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-28-2017 01-30-2018 CLP 8,102,025 0.25 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-29-2017 01-10-2018 CLP 2,524,410 0.25 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-28-2017 01-10-2018 CLP 3,833,082 0.25 BBVA Corredores de Bolsa Ltda. Scotiabank Azul - Chile 12-27-2017 01-08-2018 CLP 1,700,567 0.25 BBVA Corredores de Bolsa Ltda. Scotiabank Azul - Chile 12-18-2017 01-18-2018 CLP 290,289 0.23 BBVA Corredores de Bolsa Ltda. Scotiabank Chile 12-28-2017 01-30-2018 CLP 1,455,543 0.23 BBVA Corredores de Bolsa Ltda. Scotiabank Azul - Chile 12-28-2017 01-30-2018 CLP 2,425,349 0.23 Valores Security S.A. Corredores de Bolsa Banco Security - Chile 12-27-2017 01-10-2018 CLP 280,086 0.23 Total 102,695,758 (*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. As of December 31, 2016: Financial entity Underlying Asset (Time Deposit) (*) Date of placement Due date Currency Amount Monthly interest rate (%) ThCh BanChile Corredores de Bolsa S.A. Banco de Chile 12-28-2016 01-04-2017 CLP 3,531,124 0.32 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-28-2016 01-04-2017 CLP 3,602,675 0.32 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2016 01-04-2017 CLP 2,044,419 0.32 BanChile Corredores de Bolsa S.A. Banco Santander - Chile 12-28-2016 01-04-2017 CLP 674,935 0.32 BanChile Corredores de Bolsa S.A. Banco de Chile 12-28-2016 01-06-2017 CLP 1,679,525 0.32 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-28-2016 01-06-2017 CLP 1,205,429 0.32 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2016 01-06-2017 CLP 1,116,326 0.32 BanChile Corredores de Bolsa S.A. Banco de Chile 12-28-2016 01-16-2017 CLP 872,178 0.32 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-28-2016 01-16-2017 CLP 435,612 0.32 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-28-2016 01-16-2017 CLP 1,865,909 0.32 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-28-2016 01-16-2017 CLP 1,241,355 0.32 BanChile Corredores de Bolsa S.A. Banco Santander - Chile 12-28-2016 01-16-2017 CLP 261,444 0.32 BanChile Corredores de Bolsa S.A. Banco de Chile 12-29-2016 01-06-2017 CLP 1,427,025 0.31 BanChile Corredores de Bolsa S.A. Banco del Estado de Chile 12-29-2016 01-06-2017 CLP 1,725,807 0.31 BanChile Corredores de Bolsa S.A. Scotiabank Chile 12-29-2016 01-06-2017 CLP 5,799,890 0.31 BanChile Corredores de Bolsa S.A. Banco de Crédito e Inversiones - Chile 12-29-2016 01-06-2017 CLP 1,549,449 0.31 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-27-2016 01-03-2017 CLP 925,383 0.31 BancoEstado S.A. Corredores de Bolsa Scotiabank Chile 12-29-2016 01-06-2017 CLP 3,916,539 0.33 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-29-2016 01-06-2017 CLP 6,085,662 0.33 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-29-2016 01-10-2017 CLP 2,400,528 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Crédito e Inversiones - Chile 12-29-2016 01-10-2017 CLP 6,019,097 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-10-2017 CLP 3,933,092 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-10-2017 CLP 1,350,297 0.33 BancoEstado S.A. Corredores de Bolsa Banco BICE - Chile 12-29-2016 01-05-2017 CLP 105,017 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-10-2017 CLP 500,110 0.33 BancoEstado S.A. Corredores de Bolsa Banco Santander - Chile 12-29-2016 01-10-2017 CLP 3,500,770 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-16-2017 CLP 4,000,880 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-20-2017 CLP 1,917,467 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-20-2017 CLP 82,974 0.33 BancoEstado S.A. Corredores de Bolsa Banco de Chile 12-29-2016 01-03-2017 CLP 250,055 0.33 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-29-2016 01-05-2017 CLP 6,101,342 0.33 BancoEstado S.A. Corredores de Bolsa BBVA Chile 12-29-2016 01-05-2017 CLP 725,160 0.33 BancoEstado S.A. Corredores de Bolsa Banco del Estado de Chile 12-30-2016 01-10-2017 CLP 1,600,149 0.28 BancoEstado S.A. Corredores de Bolsa Banco Itaú Corpbanca - Chile 12-30-2016 01-10-2017 CLP 3,000,280 0.28 Total 75,447,904 (*) All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. |
Disclosure Of Acquisition Of Business Payments [Text Block] | Payments for business acquisitions are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Total disbursement per business acquisition Other cash payment to acquire interests in joint ventures (1) 59,505,559 49,312,890 27,043,481 Cash flow used for control of subsidiaries or other business (2) 49,222,782 7,800,000 19,111,686 Cash flow used in the purchase of non-controling interests (3) - 1,149,689 2,174,370 Payment for changes in ownership interests in subidiaries (4) 5,819,495 - 641,489 Total 114,547,836 58,262,579 48,971,026 (1) Corresponds to payments of commited capital made between 2016 to 2018 in Central Cervecera de Colombia S.A.S. an d the acquisition in 2017 of 50% of Zona Franca Central Cervecera S.A.S. (see Note 16 – Investments accounted using equity method ). Additionally, in 2016, includes the amount paid in proportion to the creation of the company Promarca Internacional SpA. (See Note 1 – General information, letter E) ). (2) In 2018, through its subsidiary CCU Inversiones S.A. correspond to the acquisition of 15.79% of VSPT (see Note 1 – General information, letter D) ). In 2017, corresponds to the acquisition of 2.5% of interet in VSPT, through its subsidiary CCU Inversiones S.A. (see Note 1 – General information, letter D) ). In 2016, corresponds to the acquisition of an additional interest in Manantial S.A., through its subsidiaries Aguas CCU-Nestlé Chile S.A. and Embotelladoras Chilenas Unidas S.A. (see Note 1 – General information, letter D) ). (3) In 2017, mainly corresponds to the payment of 40% of the acquisitions of Americas Distilling Investment LLC. In 2016, corresponds to capital contributions in Bebidas Bolivianas BBO S.A. (4) Corresponds to the payment to obtain control of Bebidas Bolivianas BBO S.A. and Cervecera Guayacán SpA. (See Note 15 – Business combinations, letter a) and b) ). Additionally in 2016 includes the payment for ownership on Sajonia Brewing Company S.R.L. of Paraguay (see Note 15 – Business combinations, letter c) ). |
Other non-financial assets (Tab
Other non-financial assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other non financial assets [Abstract] | |
Disclosure of detailed information about other non financial assets [Text Block] | The Company maintained the following other non-financial assets: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Insurances paid 3,565,768 - 3,348,593 - Advertising 7,976,638 3,173,523 7,383,730 3,632,423 Advances to suppliers 4,695,341 - 3,643,691 - Prepaid expenses 1,685,096 1,705,693 583,165 755,703 Total advances 17,922,843 4,879,216 14,959,179 4,388,126 Guarantees paid 62,316 106,571 59,452 242,535 Consumables 393,234 - 446,565 - Dividends receivable 423,994 - 353,150 - Other 59,027 21,363 15,879 14,166 Total other assets 938,571 127,934 875,046 256,701 Total 18,861,414 5,007,150 15,834,225 4,644,827 |
Trade and other receivables (Ta
Trade and other receivables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of trade and other receivables [Abstract] | |
Disclosure Of Trade And Other Receivables Balances [Text Block] | The trade and other receivables are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Chile operating segment 162,477,091 - 159,465,654 - International business operating segment 76,166,145 - 62,587,204 - Wines operating segment 51,478,501 - 40,284,490 - Total commercial debtors 290,121,737 - 262,337,348 - Impairment loss estimate (6,059,201 ) - (4,154,752 ) - Total commercial debtors - net 284,062,536 - 258,182,596 - Others accounts receivables (1) 36,639,803 3,363,123 28,031,002 3,974,395 Total other accounts receivable 36,639,803 3,363,123 28,031,002 3,974,395 Total 320,702,339 3,363,123 286,213,598 3,974,395 (1) As of December 31, 2018, this item mainly includes ThCh$ 1,392,650 in current and ThCh$ 1,240,461 (ThCh$ 2,411,833 in 2017) in non-current related to the account receivable from the sale of the 49% that subsidiary CPCh had in Compañía Pisquera Bauzá S.A. (see Note 14 – Non-current assets of disposal groups classifield as held for sale) . |
Disclosure Of Other Receivables Foreign Currency [Text Block] | The Company’s accounts receivable are denominated in the following currencies: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Chilean Peso 191,979,443 183,948,334 Argentine Peso 67,553,470 55,526,379 US Dollar 34,113,849 27,810,990 Euro 10,152,559 9,326,882 Unidad de Fomento 2,678,592 2,590,736 Uruguayan Pesos 5,128,068 4,372,909 Paraguayan Guarani 8,774,244 5,495,532 Bolivian 1,340,388 - Others currencies 2,344,849 1,116,231 Total 324,065,462 290,187,993 |
Disclosure Of Trade And Other Receivables Time Bands [Text Block] | The detail of the accounts receivable maturities as of December 31, 2018 , is detailed as follows: Overdue balances Total Current balance 0 a 3 months 3 a 6 months 6 a 12 months More than 12 months ThCh ThCh ThCh ThCh ThCh ThCh Chile operating segment 162,477,091 152,644,412 5,928,791 1,085,806 844,101 1,973,981 International business operating segment 76,166,145 63,419,349 9,546,370 1,092,229 701,571 1,406,626 Wines operating segment 51,478,501 44,304,213 6,248,007 272,721 305,811 347,749 Total commercial debtors 290,121,737 260,367,974 21,723,168 2,450,756 1,851,483 3,728,356 Impairment loss estimate (6,059,201 ) (148,214 ) (542,195 ) (600,433 ) (1,407,848 ) (3,360,511 ) Total commercial debtors - net 284,062,536 260,219,760 21,180,973 1,850,323 443,635 367,845 Others accounts receivables 36,639,803 36,056,454 321,767 162,295 99,233 54 Total other accounts receivable 36,639,803 36,056,454 321,767 162,295 99,233 54 Total current 320,702,339 296,276,214 21,502,740 2,012,618 542,868 367,899 Others accounts receivables 3,363,123 3,363,123 - - - - Total non-current 3,363,123 3,363,123 - - - - The detail of the accounts receivable maturities as of December 31, 2017 , is detailed as follows: Overdue balances Total Current balance 0 a 3 months 3 a 6 months 6 a 12 months More than 12 months ThCh ThCh ThCh ThCh ThCh ThCh Chile operating segment 159,465,654 150,256,296 4,960,461 1,037,876 1,358,009 1,853,012 International business operating segment 62,587,204 56,180,536 4,978,409 595,173 318,551 514,535 Wines operating segment 40,284,490 36,270,918 3,347,465 219,135 224,487 222,485 Total commercial debtors 262,337,348 242,707,750 13,286,335 1,852,184 1,901,047 2,590,032 Impairment loss estimate (4,154,752 ) - (421,560 ) (695,114 ) (1,001,699 ) (2,036,379 ) Total commercial debtors - net 258,182,596 242,707,750 12,864,775 1,157,070 899,348 553,653 Others accounts receivables 28,031,002 27,768,858 97,052 165,092 - - Total other accounts receivable 28,031,002 27,768,858 97,052 165,092 - - Total current 286,213,598 270,476,608 12,961,827 1,322,162 899,348 553,653 Others accounts receivables 3,974,395 3,974,395 - - - - Total non-current 3,974,395 3,974,395 - - - - |
Description And Details Of Impairment Loss By Stretch [Text Block] | This analysis delivered the following results for the Company: Overdue balances Current balance 0 a 3 months 3 a 6 months 6 a 12 months More than 12 months % Impairment loss estimate by stretch 0.10 4.30 32.60 100.00 100.00 |
Disclosure Of Impairment Loss Of Trade Receivables [Text Block] | The movement of the impairment losses provision for accounts receivable is as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Balance at the beginning of year (4,154,752 ) (3,837,914 ) First application effect IFRS 9 (192,377 ) - Initial balance restated (4,347,129 ) (3,837,914 ) Impairment estimate for accounts receivable (1,697,861 ) (1,948,264 ) Uncollectible accounts 527,545 634,256 Add back of unused provisions 448,056 832,704 Estimates resulting from business combinations (1) (1,354,559 ) - Effect of translation into presentation currency 364,747 164,466 Total (6,059,201 ) (4,154,752 ) (1) See Note 15 – Business Combinations . |
Accounts and transactions wit_2
Accounts and transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Transactions and outstanding balances for related party [Abstract] | |
Disclosure Of Amounts Receivable Related Party Transactions [Text Block] | The detail of the accounts receivable and payable from related parties as of December 31, 2018 and 2017, are detailed as follows: Accounts receivable from related parties Current: Tax ID Company Country of origin Ref. Relationship Transaction Currency As of December 31, 2018 As of December 31, 2017 ThCh ThCh 6,062,786-K Andrónico Luksic Craig Chile (1) Chairman of CCU Sales of products CLP - 1,207 6,372,368-1 Jean Paul Luksic Chile (1) Director of company related to the controller Sales of products CLP - 464 14,534,777-7 Hubert Porte Chile (1) Director of company related to the controller Sales of products CLP - 2,095 76,029,109-9 Inversiones Chile Chico Ltda. Chile (1) Related to the controller's shareholder Services provided CLP 2,959 2,253 76,035,409-0 Cervecera Guayacán SpA. Chile (1) Associate of subsidiary (until July 2018) Sales of products CLP - 80,298 76,079,669-7 Minera Antucoya Chile (1) Related to the controller's shareholder Sales of products CLP 161 355 76,111,872-2 Inversiones Tv Medios Ltda. Chile (1) Related to the controller Sales of products CLP 33 - 76,115,132-0 Canal 13 SpA. Chile (1) Related to the controller's shareholder Sales of products CLP 51 - 76,178,803-5 Viña Tabalí S.A. Chile (1) Related to the controller's shareholder Services provided CLP 51,667 40,965 76,178,803-5 Viña Tabalí S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 153 - 76,363,269-5 Inversiones Alabama Ltda. Chile (1) Related to the controller's shareholder Sales of products CLP 738 - 76,380,217-5 Hapag-Lloyd Chile SpA. Chile (1) Related to the controller's shareholder Sales of products CLP 141 - 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Services provided CLP 2,869 - 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Sales of products CLP 23,090 15,009 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Remittanse send CLP 495 - 76,481,675-7 Cervecería Szot SpA. Chile (5) Associate of subsidiary Loan CLP 50,000 - 76,486,051-9 Inversiones Río Elqui SpA. Chile (1) Related to the controller's shareholder Sales of products CLP 24,029 - 76,727,040-2 Minera Centinela Chile (1) Related to the controller's shareholder Sales of products CLP 608 781 76,806,870-4 Transacciones e Inv. Arizona S.A. Chile (1) Related to the controller Sales of products CLP 11 - 77,051,330-8 Cervecería Kunstmann Ltda. Chile (1) Related to non-controlling subsidiary Sales of products CLP 101,664 245,385 77,755,610-K Comercial Patagona Ltda. Chile (1) Subsidiary of joint venture Sales of products CLP 1,222,832 667,195 78,105,460-7 Alimentos Nutrabien S.A. Chile (1) Subsidiary of joint venture (until november 2018) Sales of products CLP - 151 78,259,420-6 Inversiones PFI Chile Ltda. Chile (1) Shareholder of joint operation Services provided CLP 751,805 2,997,036 78,259,420-6 Inversiones PFI Chile Ltda. Chile (1) Shareholder of joint operation Sales of products CLP - 402,666 81,148,200-5 Ferrocarril de Antofagasta a Bolivia S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 5,070 3,457 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (1) Shareholder of subsidiary Advance purchase CLP 14,393 14,393 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (4) Shareholder of subsidiary Supply contract UF 47,082 77,929 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (3) Shareholder of subsidiary Loan UF 32,149 31,191 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (1) Shareholder of subsidiary Sales of products CLP 1,478 - 90,081,000-8 Compañía Chilena de Fósforos S.A. Chile (1) Shareholder of subsidiary (until January 2018) Sales of products CLP - 2,893 90,160,000-7 Compañía Sud Americana de Vapores S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 1,264 165 91,021,000-9 Invexans S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 33 3,713 91,705,000-7 Quiñenco S.A. Chile (1) Controller's Shareholder Sales of products CLP 3,929 2,759 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 4,384 4,341 92,048,000-4 SAAM S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 149 83 93,920,000-2 Antofagasta Minerals S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 3,167 2,640 94,625,000-7 Inversiones Enex S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 195,720 234,880 96,427,000-7 Inversiones y Rentas S.A. Chile (1) Controller Services provided CLP 3,465 3,465 96,536,010-7 Inversiones Consolidadas Ltda. Chile (1) Related to the controller Sales of products CLP 853 121 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 3,545 514 96,591,040-9 Empresas Carozzi S.A. Chile (1) Shareholder of joint operation Sales of products CLP - 76,635 96,645,790-2 Socofin S.A. Chile (1) Related to the controller's shareholder Sales of products CLP - 2,395 96,767,630-6 Banchile Administradora General de Fondos S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 315 67 96,790,240-3 Minera Los Pelambres Chile (1) Related to the controller's shareholder Sales of products CLP 300 659 96,819,020-2 Agrícola El Cerrito S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 11 - 96,847,140-6 Inmobiliaria Norte Verde S.A. Chile (1) Related to the controller's shareholder Sales of products CLP 33 - 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Services provided CLP 139,647 74,387 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Remittanse send CLP 2,923 - 96,922,250-7 Agrícola Valle Nuevo S.A. Chile (1) Related to the controller Sales of products CLP 33 - 97,004,000-5 Banco de Chile Chile (1) Related to the controller's shareholder Sales of products CLP 44,604 62,816 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Remittanse send CLP 20,035 4,334 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Services provided CLP 269,946 685,412 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Sales of products CLP 11,071 16,654 96,951,040-5 Inversiones Rosario S.A. Chile (1) Related to the controller Sales of products CLP 22 - 0-E Bebidas Bolivianas BBO S.A. Bolivia (2) Associate (until July 2018) Sales of products USD - 30,791 0-E Central Cervecera de Colombia S.A.S. Colombia (2) Joint venture Sales of products USD 9,480 9,248 0-E Gráfica Editorial Intersudamericana S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG - 220 0-E Palermo S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG - 8,247 0-E Paraguay Soccer S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG - 85 0-E QSR S.A. Paraguay (2) Related to the subsidiary's shareholder Sales of products PYG 434 410 Total 3,048,841 5,810,764 Non Current: Tax ID Company Country of origin Ref. Relationship Transaction Currency As of December 31, 2018 As of December 31, 2017 ThCh ThCh 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (3) Shareholder of subsidiary Loan UF 143,783 166,928 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (4) Shareholder of subsidiary Supply contract UF 47,082 91,543 Total 190,865 258,471 |
Disclosure Of Amounts Payable Related Party Transactions [Text Block] | Accounts payable to related parties Current: Tax ID Company Country of origin Ref. Relationship Transaction Currency As of December 31, 2018 As of December 31, 2017 ThCh ThCh 76,115,132-0 Canal 13 SpA. Chile (1) Related to the controller's shareholder Services received CLP 277,515 196,805 76,380,217-5 Hapag-Lloyd Chile SpA. Chile (1) Related to the controller's shareholder Services received CLP 32,646 54,194 76,481,675-7 Cervecería Szot SpA. Chile (1) Associate of subsidiary Purchase of products CLP 2,199 17,288 77,051,330-8 Cervecería Kunstmann Ltda. Chile (1) Related to non-controlling subsidiary Services received CLP 8,704 13,733 77,755,610-K Comercial Patagona Ltda. Chile (1) Subsidiary of joint venture Services received CLP 92,129 106,671 78,053,790-6 Servipag Ltda. Chile (1) Related to the controller's shareholder Services received CLP 4,218 - 78,105,460-7 Alimentos Nutrabien S.A. Chile (1) Subsidiary of joint venture (until november 2018) Purchase of products CLP - 543 78,259,420-6 Inversiones PFI Chile Ltda. Chile (1) Shareholder of joint operation Purchase of products CLP 1,160,168 958,293 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile (1) Shareholder of subsidiary Purchase of products CLP 417 37,433 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile (1) Related to the controller's shareholder Purchase of products CLP 44,239 139,373 92,048,000-4 SAAM S.A. Chile (1) Related to the controller's shareholder Services received CLP - 123 94,058,000-5 Servicios Aeroportuarios Aerosan S.A. Chile (1) Related to the controller's shareholder Services received CLP 1,711 2,025 96,591,040-9 Empresas Carozzi S.A. Chile (1) Shareholder of joint operation Purchase of products CLP 736,974 1,595,771 94,625,000-7 Inversiones Enex S.A. Chile (1) Related to the controller's shareholder Services received CLP 76 76 96,689,310-9 Transbank S.A. Chile (1) Related to the controller's shareholder Services received CLP 5,868 3,462 96,798,520-1 Saam Extraportuarios S.A. Chile (1) Related to the controller's shareholder Services received CLP 17,201 1,971 96,810,030-0 Radiodifusión SpA. Chile (1) Related to the controller's shareholder Services received CLP 41,170 55,244 96,908,970-K San Antonio Terminal Internacional S.A. Chile (1) Related to the controller's shareholder Services received CLP 15,724 7,541 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Remittanse received CLP 7,869 - 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Purchase of products CLP 1,204,662 1,152,343 96,919,980-7 Cervecería Austral S.A. Chile (1) Joint venture Royalty CLP 109,091 - 96,953,410-K Artikos Chile S.A. Chile (1) Related to the controller's shareholder Services received CLP - 137 97,004,000-5 Banco de Chile Chile (1) Related to the controller's shareholder Services received CLP 1,244 22,730 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Remittanse received CLP 46,708 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Purchase of products CLP 19,920 17,406 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile (1) Joint venture Consignation sales CLP 211,985 233,565 0-E Bebidas Bolivianas BBO S.A. Bolivia (2) Associate (until July 2018) Services received USD - 44,451 0-E Ecor Ltda. Bolivia (2) Related to the subsidiary's shareholder Services received BOB 11,879 - 0-E Central Cervecera de Colombia S.A.S. Colombia (2) Joint venture Services received USD 24,449 14,199 0-E Nestlé Waters Marketing & Distribution France (2) Related to the subsidiary's shareholder Purchase of products Euros 12,256 - 0-E Amstel Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder License and technical assistance Euros 120,726 66,583 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder Purchase of products USD 1,044,963 1,241,991 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder License and technical assistance Euros 1,486,100 1,349,472 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder Royalty USD 12,879 2,586,380 0-E Heineken Brouwerijen B.V. Netherlands (2) Related to the controller's shareholder Services received USD 1,025 1,025 0-E Banco Amambay S.A. Paraguay (2) Related to the subsidiary's shareholder Services received PYG - 148 0-E Banco BASA S.A. Paraguay (2) Related to the subsidiary's shareholder Services received PYG 18 - 0-E Emprendimientos Hoteleros S.A.E.C.A Paraguay (2) Related to the subsidiary's shareholder Services received PYG 11,249 8,481 0-E Gráfica y Editorial Intersuda S.A. Paraguay (2) Related to the subsidiary's shareholder Purchase of products PYG - 448 0-E Watt's Alimentos S.A. Paraguay (2) Related joint venture shareholder Purchase of products USD 106,531 92,566 0-E Societé des Produits Nestlé S.A. Switzerland (2) Related to the subsidiary's shareholder Royalty CHF 62,397 46,572 Total 6,936,910 10,069,043 |
Disclosure Of Significant Related Party Transactions [Text Block] | Most significant transactions and effects on results: As of December 31, 2018 and 2017 the most significant transactions with related parties that are not subsidiaries of the Company and their effect on the Consolidated Statement of Income are detailed as follows: 2018 2017 Tax ID Company Country of origin Relationship Transaction Amounts (Charges)/Credits (Effect on Income) Amounts (Charges)/Credits (Effect on Income) ThCh ThCh ThCh ThCh 76,079,669-7 Minera Antucoya Chile Related to the controller's shareholder Sales of products 2,045 1,636 1,501 1,200 76,178,803-5 Viña Tabali S.A. Chile Related to the controller's shareholder Services provided 90,214 90,214 85,931 85,931 76,115,132-0 Canal 13 SpA. Chile Related to the controller's shareholder Advertising 2,641,844 (2,641,844 ) 2,064,067 (2,064,067 ) 76,313,970-0 Inversiones Irsa Ltda. Chile Related to the controller Dividends paid 4,522,295 - 4,457,428 - 76,481,675-7 Cervecería Szot SpA. Chile Associate of subsidiary Capital contribution - - 52,771 - 76,553,712-6 Heliservicios S.A. Chile Related to the controller Services received - - 17,760 (17,760 ) 76,727,040-2 Minera Centinela Chile Related to the controller's shareholder Sales of products 7,246 5,797 5,085 4,068 77,051,330-8 Cervecería Kunstmann Ltda Chile Related to non-controlling subsidiary Services received 113,507 (113,507 ) 152,578 (152,578 ) 77,051,330-8 Cervecería Kunstmann Ltda. Chile Related to non-controlling subsidiary Sales of products 773,056 589,466 640,590 484,283 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Sales of products 5,777,863 3,466,718 4,807,422 2,884,453 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Services received 405,845 (405,845 ) 355,279 (355,279 ) 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Purchase of products 12,726,958 - 11,062,488 - 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Services provided 2,756,584 2,756,584 3,154,653 3,154,653 79,985,340-K Cervecera Valdivia S.A. Chile Shareholder of subsidiary Dividends paid 990,073 - 818,433 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Loan 26,483 5,826 25,204 6,467 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Purchase of grape 5,358,014 - 4,855,607 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Dividends paid 768,325 - 637,313 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Sales of products 3,731 2,985 4,727 3,782 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Supply contract 73,994 4,750 70,839 6,604 90,703,000-8 Nestlé Chile S.A. Chile Shareholder of subsidiary Dividends paid 3,922,143 - 4,158,228 - 91,705,000-7 Quiñenco S.A. Chile Controller's Shareholder Sales of products 20,362 16,290 15,941 12,753 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Services received 277,482 (277,482 ) 298,865 (298,865 ) 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Purchase of products 227,106 (227,106 ) 260,177 (260,177 ) 93,920,000-2 Antofagasta Minerals S.A. Chile Related to the controller's shareholder Sales of products 34,966 27,973 33,441 26,753 94,625,000-7 Inversiones Enex S.A. Chile Related to the controller's shareholder Sales of products 1,474,819 1,179,855 1,445,395 1,156,316 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Office lease 9,106 9,106 9,622 9,622 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Dividends paid 35,137,554 - 34,633,542 - 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Related to the controller's shareholder Investments 1,231,060,000 - 645,420,000 - 96,571,220-8 Banchile Corredora de Bolsa S.A. Chile Related to the controller's shareholder Investment Rescue 1,220,115,263 1,225,263 654,640,312 720,312 96,591,040-9 Empresas Carozzi S.A Chile Related joint venture Sales of products 35,820 28,656 91,198 72,958 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Sales of products 1,095 876 1,150 920 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Services received 87,394 (87,394 ) 83,946 (83,946 ) 96,689,310-9 Transbank S.A. Chile Related to the controller's shareholder Commission 167,149 (167,149 ) 131,269 (131,269 ) 96,798,520-1 SAAM Extraportuario S.A Chile Related to the controller's shareholder Services received 83,711 (83,711 ) 55,148 (55,148 ) 96,810,030-0 Radiodifusión SpA. Chile Related to the controller's shareholder Services provided 470,325 (470,325 ) 391,598 (391,598 ) 96,919,980-7 Cervecería Austral S.A. Chille Joint venture Dividends received 372,088 - 245,068 - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Sales of products - - 413,117 183,835 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Purchase of products 10,055,050 - 8,481,780 - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Services provided 279,607 279,607 253,473 253,473 96,919,980-7 Cerveceria Austral S.A. Chile Joint venture Royalty 329,276 (329,276 ) 333,356 (333,356 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Interests 165,325 (165,325 ) 369,097 (369,097 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Transportation of securities 368,839 (368,839 ) 359,579 (359,579 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Derivatives 42,723,097 6,622,290 63,548,208 5,500,174 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Sales of products 247,781 198,225 219,821 175,857 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investments 323,366,723 - 2,146,826 - 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investment Rescue 321,199,617 334,173 2,155,817 3,596 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Remittanse send - - 717,900 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Services provided 444,677 444,677 731,310 731,310 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Purchase of products 11,590 (11,590 ) 15,329 (15,329 ) 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Consignation sales 3,029,169 - 2,804,870 - 0-E Bebidas Bolivianas BBO S.A. Bolivia Associate (until july 2018) Sales of products 194,516 73,916 425,664 161,752 0-E Central Cervecera de Colombia S.A.S. Colombia Joint venture Capital contribution - - 28,232,532 - 0-E Zona Franca Central Cervecera S.A.S. Colombia Joint venture Capital contribution 59,505,559 - 21,080,358 - 0-E Americas Distilling Investments United States Associate of subsidiary Capital contribution - - 1,043,720 - 0-E Amstel Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 247,395 (247,395 ) 211,740 (211,740 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Purchase of products 432,639 - 306,553 - 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 9,609,913 (9,609,913 ) 11,051,487 (11,051,487 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Services received 73,733 (73,733 ) 166,677 (166,677 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Sales of products - - 846,179 634,634 0-E Societé des Produits Nestlé S.A. Switzerland Related to the subsidiary's shareholder Royalty 543,331 (543,331 ) 520,363 (520,363 ) As of December 31, 2017 and 2016 the most significant transactions with related parties that are not subsidiaries of the Company and their effect on the Consolidated Statement of Income are detailed as follows: 2017 2016 Tax ID Company Country of origin Relationship Transaction Amounts (Charges)/Credits (Effect on Income) Amounts (Charges)/Credits (Effect on Income) ThCh ThCh ThCh ThCh 76,079,669-7 Minera Antucoya Chile Related to the controller's shareholder Sales of products 1,501 1,200 - - 76,115,132-0 Canal 13 SpA. Chile Related to the controller's shareholder Advertising 2,064,067 (2,064,067 ) 3,427,941 (3,427,941 ) 76,178,803-5 Viña Tabalí S.A. Chile Related to the controller's shareholder Services provided 85,931 85,931 52,470 52,470 76,313,970-0 Inversiones Irsa Ltda. Chile Related to the controller Dividends paid 4,457,428 - 4,132,618 - 76,481,675-7 Cervecería Szot SpA. Chile Associate of subsidiary Capital contribution 52,771 - - - 76,553,712-6 Heliservicios S.A. Chile Related to the controller Services received 17,760 (17,760 ) - - 76,727,040-2 Minera Centinela Chile Related to the controller's shareholder Sales of products 5,085 4,068 - - 77,051,330-8 Cervecería Kunstmann Ltda. Chile Related to non-controlling subsidiary Services received 152,578 (152,578 ) 83,220 (83,220 ) 77,051,330-8 Cervecería Kunstmann Ltda. Chile Related to non-controlling subsidiary Sales of products 640,590 484,283 522,566 418,052 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Sales of products 4,807,422 2,884,453 4,259,983 1,746,594 77,755,610-K Comercial Patagona Ltda. Chile Subsidiary of joint venture Services received 355,279 (355,279 ) 329,258 (329,258 ) 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Services provided 3,154,653 3,154,653 3,234,158 3,234,158 78,259,420-6 Inversiones PFI Chile Ltda. Chile Shareholder of subsidiary Purchase of products 11,062,488 - 10,083,606 - 78,780,780-1 Operaciones y Servicios Enex Ltda. Chile Related to the controller's shareholder Sales of products - - 224,387 183,997 79,985,340-K Cervecera Valdivia S.A. Chile Shareholder of subsidiary Dividends paid 818,433 - 633,668 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Dividends paid 637,313 - 599,123 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Loan 25,204 6,467 23,844 7,017 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Purchase of grape 4,855,607 - 4,255,971 - 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Supply contract 70,839 6,604 67,267 8,321 81,805,700-8 Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. Chile Shareholder of subsidiary Sales of products 4,727 3,782 - - 90,081,000-8 Compañía Chilena de Fósforos S.A. Chile Shareholder of subsidiary Dividends paid 979,637 - 1,273,753 - 90,703,000-8 Nestlé Chile S.A. Chile Shareholder of subsidiary Dividends paid 4,158,228 - 3,530,565 - 91,705,000-7 Quiñenco S.A. Chile Controller's Shareholder Sales of products 15,941 12,753 13,984 11,186 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Services received 298,865 (298,865 ) 339,457 (339,457 ) 92,011,000-2 Empresa Nacional de Energía Enex S.A. Chile Related to the controller's shareholder Purchase of products 260,177 (260,177 ) 100,146 (100,146 ) 93,920,000-2 Antofagasta Minerals S.A. Chile Related to the controller's shareholder Sales of products 33,441 26,753 35,532 28,069 94,625,000-7 Inversiones Enex S.A. Chile Related to the controller's shareholder Sales of products 1,445,395 1,156,316 1,161,918 906,296 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Office lease 9,622 9,622 11,463 11,463 96,427,000-7 Inversiones y Rentas S.A. Chile Controller Dividends paid 34,633,542 - 32,109,822 - 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Related to the controller's shareholder Investments 645,420,000 - 61,400,000 - 96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Related to the controller's shareholder Investment Rescue 654,640,312 720,312 170,500,000 402,369 96,591,040-9 Empresas Carozzi S.A. Chile Shareholder of joint operation Sales of products 91,198 72,958 311,666 249,322 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Sales of products 1,150 920 - - 96,657,690-7 Inversiones Punta Brava S.A. Chile Related to the controller's shareholder Services received 83,946 (83,946 ) - - 96,689,310-9 Transbank S.A. Chile Related to the controller's shareholder Commission 131,269 (131,269 ) 104,193 (104,193 ) 96,798,520-1 SAAM Extraportuario S.A. Chile Related to the controller's shareholder Services received 55,148 (55,148 ) 77,521 (77,521 ) 96,810,030-0 Radiodifusión SpA. Chile Related to the controller's shareholder Services provided 391,598 (391,598 ) 380,129 (380,129 ) 96,919,980-7 Cervecería Austral S.A. Chille Joint venture Dividends received 245,068 - - - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Royalty - - 429,517 (429,517 ) 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Purchase of products 8,481,780 - 5,438,419 - 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Sales of products 413,117 183,835 62,444 27,788 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Services provided 253,473 253,473 234,327 234,327 96,919,980-7 Cervecería Austral S.A. Chile Joint venture Royalty 333,356 (333,356 ) - - 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Derivatives 63,548,208 5,500,174 35,318,178 2,006,627 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Interests 369,097 (369,097 ) 529,138 (529,138 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investments 2,146,826 - 61,400,000 - 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Financial income - - 247,101 247,101 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Leasing paid - - 87,457 2,266 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Transportation of securities 359,579 (359,579 ) 282,267 (282,267 ) 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Sales of products 219,821 175,857 87,772 48,800 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Leasing paid - - 87,457 2,266 97,004,000-5 Banco de Chile Chile Related to the controller's shareholder Investment Rescue 2,155,817 3,596 247,101 247,101 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Remittanse send 717,900 - 750,000 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Services provided 731,310 731,310 1,553,943 1,553,943 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Purchase of products 15,329 (15,329 ) 17,773 (17,773 ) 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Consignation sales 2,804,870 - 5,115,078 - 99,542,980-2 Foods Compañía de Alimentos CCU S.A. Chile Joint venture Sales of products - - 5,973 2,745 0-E Bebidas Bolivianas BBO S.A. Bolivia Associate Contribution of capital - - 2,174,370 - 0-E Bebidas Bolivianas BBO S.A. Bolivia Associate Sales of products 425,664 161,752 396,076 150,509 0-E Central Cervecera de Colombia S.A.S. Colombia Joint venture Capital contribution 28,232,532 - 22,943,861 - 0-E Zona Franca Central Cervecera S.A.S. Colombia Subsidiary of joint venture Capital contribution 21,080,358 - - - 0-E Americas Distilling Investments LLC United States Associate of subsidiary Capital contribution 1,043,720 - - - 0-E Amstel Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 211,740 (211,740 ) 165,995 (165,995 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Purchase of products 306,553 - - - 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder License and technical assistance 11,051,487 (11,051,487 ) 9,445,557 (9,445,557 ) 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Sales of products 846,179 634,634 161,220 120,915 0-E Heineken Brouwerijen B.V. Netherlands Related to the controller's shareholder Services received 166,677 (166,677 ) 82,475 (82,475 ) 0-E Societé des Produits Nestlé S.A. Switzerland Related to the subsidiary's shareholder Royalty 520,363 (520,363 ) 432,535 (432,535 ) |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Inventories [Abstract] | |
Disclosure Of Inventory Balances [Text Block] | The inventories balances are detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Finished products 83,843,751 74,897,803 In process products 3,109,463 2,861,150 Raw material 127,732,091 114,911,632 In transit raw material 8,488,881 5,236,825 Materials and products 6,206,087 5,618,614 Realizable net value estimate and obsolescence (1,318,036 ) (1,538,133 ) Total 228,062,237 201,987,891 |
Changes In Current Estimate At Net Realisable Value [Text Block] | The movement of net realizable value and obsolescence estimate is detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Initial balance (1,538,133 ) (2,337,354 ) Inventories write-down estimation (3,081,986 ) (2,268,199 ) Estimates resulting from business combinations (1) (101,244 ) - Inventories recognised as an expense 3,296,095 2,981,075 Business combinations effect 107,232 86,345 Total (1,318,036 ) (1,538,133 ) (1) See Note 15 – Business Combinations . |
Biological assets (Tables)
Biological assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of reconciliation of changes in biological assets [abstract] | |
Disclosure of detailed information about biological assets [text block] | The movement of current biological assets is detailed as follows: ThCh As of January 1 2017 Historic cost 7,948,379 Book Value 7,948,379 As of December 31, 2017 Acquisitions 18,440,177 Decreases due to harvesting (18,230,868 ) Changes 209,309 Book Value 8,157,688 As of December 31, 2017 Historic cost 8,157,688 Book Value 8,157,688 As of December 31, 2018 Acquisitions 20,871,261 Decreases due to harvesting (20,634,418 ) Other increases (decreases) (1) 95,342 Changes 332,185 Book Value 8,489,873 As of December 31, 2018 Historic cost 8,489,873 Book Value 8,489,873 (1) Mainly corresponds to the financial effect of the application IAS 29 “Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . |
Non-current assets of disposa_2
Non-current assets of disposal groups classified as held for sale (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Non-current asset held for sale and discontinued operations [Abstract] | |
Disclosure Of Detailed Information About Of Non current Assets Held For Sale And Discontinued Operations [Text Block] | Assets held for sale are detailed as follows: Non-current assets of disposal groups classified as held for sale As of December 31, 2018 As of December 31, 2017 ThCh ThCh Land 1,894,078 1,786,879 Contructions 718,203 473,975 Machinerys 168,326 44,857 Total 2,780,607 2,305,711 |
Investments accounted for usi_2
Investments accounted for using equity method (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of investments accounted for using equity method [Abstract] | |
Investments In Joint Ventures And Associates [Text Block] | The share value of investments in joint ventures and associates are detailed as follows: Percentage of participation As of December 31, 2018 As of December 31, 2017 % ThCh ThCh Cervecería Austral S.A. 50.00 7,327,949 6,126,384 Foods Compañía de Alimentos CCU S.A. 50.00 12,012,276 5,792,242 Central Cervecera de Colombia S.A.S. 50.00 40,681,482 50,374,322 Zona Franca Central Cervecera S.A.S. 50.00 80,766,534 20,696,077 Total joint ventures 140,788,241 82,989,025 Bebidas Bolivianas BBO S.A. (1) 34.00 - 14,641,870 Other companies (2) 1,229,540 1,639,385 Total associates 1,229,540 16,281,255 Total 142,017,781 99,270,280 (1) See Note 15 – Business combinations, letter a) . (2) See Note 15 – Business combinations, letter b) . |
Disclosure Of Acquisition Of Joint Ventures And Associates Reported Net Of Impairment Loss [Text Block] | The above mentioned values include goodwill generated in the acquisition of the following joint venture and associate, which are presented net of any impairment loss: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Cervecería Austral S.A. 1,894,770 1,894,770 Bebidas Bolivianas BBO S.A. (1) - 8,294,324 Total 1,894,770 10,189,094 (1) See Note 15 – Business combinations, letter a) . |
Disclosure Of Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method [Text Block] | The result accrued in joint ventures and associates are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Cervecería Austral S.A. 1,638,811 952,235 754,326 Foods Compañía de Alimentos CCU S.A. 792,376 165,905 (519,536 ) Central Cervecera de Colombia S.A.S. (11,804,950 ) (8,646,651 ) (3,969,699 ) Zona Franca Central Cervecera S.A.S. (391,465 ) 87,583 - Total joint ventures (9,765,228 ) (7,440,928 ) (3,734,909 ) Bebidas Bolivianas BBO S.A. (1) (921,812 ) (1,459,916 ) (1,805,548 ) Other companies (2) (128,480 ) (13,253 ) (20,065 ) Total associates (1,050,292 ) (1,473,169 ) (1,825,613 ) Total (10,815,520 ) (8,914,097 ) (5,560,522 ) (1) See Note 15 – Business combinations, letter a) . (2) See Note 15 – Business combinations, letter b) . |
Changes In Investments In Joint Ventures And Associates [Text Block] | Changes in investments in joint ventures and associates are detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Balance at the beginning of year 99,270,280 64,404,946 Other payments to acquire interests in joint ventures 59,505,559 49,312,890 Cash flows used to purchase non-controlling interests - 1,149,689 Participation in the joint ventures and associates (loss) (10,815,520 ) (8,914,097 ) Dividends received (423,994 ) (353,150 ) Business combinations (1) (14,144,241 ) - Others 8,625,697 (6,329,998 ) Total 142,017,781 99,270,280 (1) See Note 15 – Business combinations, letter a) and b) . |
Summary Of Significant Financial Information Related To Joint Ventures And Associates [Text Block] | As of December 31, 2018, 2017 and 2016, the significant items of the financial statements of 100% of joint ventures and associates are summarized as follows: Joint ventures Joint ventures Associates As of December 31, 2018 As of December 31, 2017 ThCh ThCh ThCh Assets and Liabilities Current assets 206,761,242 49,960,930 5,540,894 Non-current assets 246,997,507 150,837,264 26,609,731 Current liabilities 172,143,127 35,339,239 4,444,262 Non-current liabilities 2,893,856 1,994,220 9,037,112 Joint ventures Joint ventures Associates Joint ventures Associates For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh ThCh ThCh Income Statement (Summarized) Net sales 70,296,729 57,417,288 19,760,918 63,926,397 19,733,853 Operating result (21,173,985 ) (18,606,383 ) (4,086,973 ) (11,913,526 ) (4,159,093 ) Net income for year (19,886,274 ) (14,352,788 ) (4,462,733 ) (7,287,727 ) (4,712,596 ) Other comprehensive income (24,720,721 ) (27,052,015 ) (5,761,515 ) (3,451,487 ) (7,965,214 ) Depreciation and amortization (2,656,715 ) (2,618,567 ) (2,818,923 ) (2,104,820 ) (2,698,849 ) |
Intangible assets other than _2
Intangible assets other than goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Intangible assets other than goodwill [abstract] | |
Disclosure of detailed information about intangible assets [text block] | The intangible assets movement are detailed as follows: Trademarks Software programs Water rights Distribution rights Total ThCh ThCh ThCh ThCh ThCh As of January 1, 2017 Historic cost 65,160,928 28,364,765 2,091,059 763,017 96,379,769 Accumulated amortization - (18,072,174 ) - (373,440 ) (18,445,614 ) Book Value 65,160,928 10,292,591 2,091,059 389,577 77,934,155 As of December 31, 2017 Additions - 3,498,499 158,968 - 3,657,467 Divestitures (cost) (226 ) (103,675 ) - - (103,901 ) Divestitures (amortization) - 103,675 - - 103,675 Amortization of year - (2,873,115 ) - (173,294 ) (3,046,409 ) Conversion effect (1,355,703 ) (260,268 ) - (103,287 ) (1,719,258 ) Effect of conversion (amortization) - 167,026 - 39,725 206,751 Changes (1,355,929 ) 532,142 158,968 (236,856 ) (901,675 ) Book Value 63,804,999 10,824,733 2,250,027 152,721 77,032,480 As of December 31, 2017 Historic cost 63,804,999 31,499,321 2,250,027 659,730 98,214,077 Accumulated amortization - (20,674,588 ) - (507,009 ) (21,181,597 ) Book Value 63,804,999 10,824,733 2,250,027 152,721 77,032,480 As of December 31, 2018 Additions (1) 16,647,981 3,431,842 784,900 - 20,864,723 Additions for business combinations (cost) (2) 7,168,245 67,119 - - 7,235,364 Divestitures (cost) - - (92,415 ) - (92,415 ) Amortization of year - (2,999,205 ) - (39,751 ) (3,038,956 ) Conversion effect (1,251,533 ) (164,197 ) - (44,251 ) (1,459,981 ) Effect of conversion (amortization) - (212,119 ) - (23,841 ) (235,960 ) Others increase (decreased) (3) 18,117,445 323,268 - 218,174 18,658,887 Changes 40,682,138 446,708 692,485 110,331 41,931,662 Book Value 104,487,137 11,271,441 2,942,512 263,052 118,964,142 As of December 31, 2018 Historic cost 104,487,137 35,157,353 2,942,512 833,653 143,420,655 Accumulated amortization - (23,885,912 ) - (570,601 ) (24,456,513 ) Book Value 104,487,137 11,271,441 2,942,512 263,052 118,964,142 (1) Corresponds mainly to the brands mentioned in Note 1 – General information, letter C) . (2) See Note 15 – Business combinations . (3) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . |
Disclosure Of Detailed Information About Brand Names [Text Block] | The cash generating unit associates to the trademarks are detailed as follows: Segment Cash Generating Unit As of December 31, 2018 As of December 31, 2017 (CGU) ThCh ThCh Chile Embotelladoras Chilenas Unidas S.A. 31,659,575 31,476,163 Manantial S.A. 1,166,000 1,166,000 Compañía Pisquera de Chile S.A. 1,363,782 1,363,782 Cervecería Kunstmann S.A. (3) 1,091,223 286,518 Sub-Total 35,280,580 34,292,463 International Business CCU Argentina S.A. and subsidiaries (1) 36,807,884 3,735,289 Marzurel S.A., Coralina S.A. and Milotur S.A. 2,651,576 2,639,301 Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. 3,558,832 3,356,895 Bebidas Bolivianas BBO S.A. (2) 6,363,540 - Sub-Total 49,381,832 9,731,485 Wines Viña San Pedro Tarapacá S.A. 19,824,725 19,781,051 Sub-Total 19,824,725 19,781,051 Total 104,487,137 63,804,999 (1) See Note 1 – General Information, letter C) . (2) See Note 15 – Business combinations, letter a) . (3) See Note 15 – Business combinations, letter b) . |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Intangible assets and goodwill [abstract] | |
Reconciliation Of Changes In Goodwil [Text Block] | The goodwill movements is detailed as follows: Goodwill ThCh As of January 1, 2017 Historic cost 96,926,551 Book Value 96,926,551 As of December 31, 2017 Conversion effect (2,309,077 ) Changes (2,309,077 ) Book Value 94,617,474 As of December 31, 2017 Historic cost 94,617,474 Book Value 94,617,474 As of December 31, 2018 Additions for business combinations (1) 10,832,577 Other increases (decreases) (2) 21,881,066 Conversion effect (4,286,216 ) Changes 28,427,427 Book Value 123,044,901 As of December 31, 2018 Historic cost 123,044,901 Book Value 123,044,901 (1) See Note 15 – Business combinations . (2) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . |
Disclosure Of Carrying Amount Goodwill Related To Cash Generating Units Investments [Text Block] | The carrying amount of goodwill of the investments assigned to the CGUs within the Company’s segments is detailed as follows: Segment Cash Generating Unit As of December 31, 2018 As of December 31, 2017 (CGU) ThCh ThCh Chile Embotelladoras Chilenas Unidas S.A. 25,257,686 25,257,686 Manantial S.A. 8,879,245 8,879,245 Compañía Pisquera de Chile S.A. 9,808,550 9,808,550 Los Huemules S.R.L. 8,679 47,443 Cervecería Kunstmann S.A. (1) 456,007 - Sub-Total 44,410,167 43,992,924 International Business CCU Argentina S.A. and subsidiaries 24,863,266 5,355,254 Marzurel S.A., Coralina S.A. and Milotur S.A. 4,839,916 6,956,760 Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. 5,236,732 5,896,392 Bebidas Bolivianas BBO S.A. (2) 11,278,676 - Sub-Total 46,218,590 18,208,406 Wines Viña San Pedro Tarapacá S.A. 32,416,144 32,416,144 Sub-Total 32,416,144 32,416,144 Total 123,044,901 94,617,474 (1) See Note 15 – Business combinations, letter b) . (2) See Note 15 – Business combinations, letter a) . |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Disclosure of detailed information about property, plant and equipment [text block] | Property, plant and equipment movements are detailed as follows: Land, buildings and contruction Machinery and equipment Bottles and containers Other Equipment Assets under contruction Furniture, accesories and vehicles Assets under finance lease Under production vines Total ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ As of January 1, 2017 Historic cost 584,830,357 453,735,402 196,174,306 129,190,151 114,775,040 70,251,593 13,926,785 29,436,746 1,592,320,380 Accumulated depreciation (162,399,793 ) (259,578,488 ) (115,697,641 ) (86,460,883 ) - (48,764,711 ) (1,351,211 ) (13,962,931 ) (688,215,658 ) Book Value 422,430,564 194,156,914 80,476,665 42,729,268 114,775,040 21,486,882 12,575,574 15,473,815 904,104,722 As of December 31, 2017 Additions - - - - 118,850,131 - - - 118,850,131 Transfers 29,368,004 43,963,753 20,642,995 18,784,331 (124,150,216 ) 10,802,816 - 588,317 - Conversion effect historic cost (4,642,067 ) (10,260,721 ) (10,182,025 ) (3,613,420 ) (720,676 ) (379,481 ) (1,605 ) (100,852 ) (29,900,847 ) Write off (cost) (144,577 ) (681,120 ) (2,192,467 ) (2,301,087 ) - (778,317 ) - - (6,097,568 ) Write off (depreciation) 122,890 609,546 1,942,571 2,241,388 - 613,585 - - 5,529,980 Capitalized interests - - - - 1,042,045 - - - 1,042,045 Depreciation (16,782,519 ) (28,140,337 ) (23,072,705 ) (13,920,736 ) - (6,262,416 ) (43,108 ) (1,002,696 ) (89,224,517 ) Conversion effect depreciation 609,002 4,833,334 6,522,113 3,733,259 - 92,238 519 54,154 15,844,619 Others increase (decreased) (101,686 ) 1,048,526 18,981 7,257 (1,189,435 ) (35,064 ) (138,391 ) 59,875 (329,937 ) Divestitures (depreciation) (434,512 ) (322,483 ) (45,081,934 ) (27,295 ) - (614,206 ) - (521,685 ) (47,002,115 ) Divestitures (depreciation) 326,742 322,483 43,718,122 26,267 - 363,484 - 339,817 45,096,915 Changes 8,321,277 11,372,981 (7,684,349 ) 4,929,964 (6,168,151 ) 3,802,639 (182,585 ) (583,070 ) 13,808,706 Book Value 430,751,841 205,529,895 72,792,316 47,659,232 108,606,889 25,289,521 12,392,989 14,890,745 917,913,428 As of December 31, 2017 Historic cost 608,854,028 485,770,049 159,541,057 142,280,575 108,606,889 79,120,713 13,816,109 29,367,600 1,627,357,020 Accumulated depreciation (178,102,187 ) (280,240,154 ) (86,748,741 ) (94,621,343 ) - (53,831,192 ) (1,423,120 ) (14,476,855 ) (709,443,592 ) Book Value 430,751,841 205,529,895 72,792,316 47,659,232 108,606,889 25,289,521 12,392,989 14,890,745 917,913,428 As of December 31, 2018 Additions - - - - 123,230,196 - - - 123,230,196 Additions of historic cost by business combination 12,734,666 7,481,173 4,940,095 3,656,444 99,432 824,392 - - 29,736,202 Additions of acumulated depreciation by business combination (762,783 ) (7,432,623 ) (2,384,378 ) (2,509,968 ) - (752,521 ) - - (13,842,273 ) Transfers 39,838,515 45,234,574 26,616,253 16,798,523 (137,622,837 ) 6,919,683 - 2,215,289 - Conversion effect historic cost (5,754,382 ) (14,801,093 ) (20,321,228 ) (6,309,411 ) (1,509,220 ) (583,483 ) (10,977 ) (159,909 ) (49,449,703 ) Write off (cost) (72,907 ) (2,578,367 ) (3,449,791 ) (13,306,471 ) - (1,797,179 ) - - (21,204,715 ) Write off (depreciation) 5,707 2,397,406 2,541,051 13,063,328 - 1,270,646 - - 19,278,138 Capitalized interests - - - - 609,921 - - - 609,921 Depreciation (17,056,082 ) (27,288,968 ) (23,911,356 ) (14,882,856 ) - (6,023,071 ) (21,175 ) (1,017,002 ) (90,200,510 ) Conversion effect depreciation 707,133 6,290,990 12,688,447 5,358,799 - 285,779 2,406 92,393 25,425,947 Others increase (decreased) (1) 26,611,361 31,138,091 19,091,618 2,850,058 4,240,542 297,792 (43,183 ) 673,686 84,859,965 Divestitures (cost) (2,476,636 ) (790,001 ) (5,687,343 ) (2,573,198 ) (226,716 ) (4,051,693 ) - (1,206,401 ) (17,011,988 ) Divestitures (depreciation) 85,208 264,080 4,249,122 2,417,657 - 3,960,623 - 945,333 11,922,023 Changes 53,859,800 39,915,262 14,372,490 4,562,905 (11,178,682 ) 350,968 (72,929 ) 1,543,389 103,353,203 Book Value 484,611,641 245,445,157 87,164,806 52,222,137 97,428,207 25,640,489 12,320,060 16,434,134 1,021,266,631 As of December 31, 2018 Historic cost 679,853,030 551,888,633 180,757,354 143,550,263 97,428,207 80,841,052 13,842,797 30,862,740 1,779,024,076 Accumulated depreciation (195,241,389 ) (306,443,476 ) (93,592,548 ) (91,328,126 ) - (55,200,563 ) (1,522,737 ) (14,428,606 ) (757,757,445 ) Book Value 484,611,641 245,445,157 87,164,806 52,222,137 97,428,207 25,640,489 12,320,060 16,434,134 1,021,266,631 (1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . |
Disclosure Land Balances [Text Block] | The balance of the land at the end of each year is as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Land 249,548,928 225,840,815 Total 249,548,928 225,840,815 |
Disclosure Of Detailed Information About Depreciation Recognised In Other Components Of Financial Statements [Text Block] | The depreciation for the year ended as of December 31, 2018 and 2017, recognized in net incomes and other assets is as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Recognized in net incomes 87,471,320 86,557,532 Recognized in others assets 2,729,190 2,666,985 Total 90,200,510 89,224,517 |
Disclosure of recognised finance lease as assets by lessee [text block] | The carrying amount of land and buildings relates to finance lease agreements for the Company and its subsidiaries. Such assets will not be owned by the Company until the corresponding purchase options are exercised. As of December 31, 2018 As of December 31, 2017 ThCh ThCh Land 3,266,096 3,215,075 Buildings 8,985,051 9,101,182 Machinery and equipment 68,913 76,732 Total 12,320,060 12,392,989 |
Investment Property (Tables)
Investment Property (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about investment property [abstract] | |
Disclosure of detailed information about investment property [text block] | Investment property movements are detailed as follows: Lands Buildings Total ThCh ThCh ThCh As of January 1, 2017 Historic cost 4,729,639 2,279,475 7,009,114 Depreciation - (755,287 ) (755,287 ) Book Value 4,729,639 1,524,188 6,253,827 As of December 31, 2017 Additions - 17,588 17,588 Depreciation - (49,909 ) (49,909 ) Convertion effect (depreciation) (270,804 ) (165,236 ) (436,040 ) Conversion effect - 30,893 30,893 Changes (270,804 ) (157,664 ) (428,468 ) Book Value 4,458,835 1,366,524 5,825,359 As of December 31, 2017 Historic cost 4,458,835 2,131,827 6,590,662 Depreciation - (765,303 ) (765,303 ) Book Value 4,458,835 1,366,524 5,825,359 As of December 31, 2018 Additions - 3,613 3,613 Depreciation - (49,728 ) (49,728 ) Convertion effect (depreciation) (429,377 ) (269,737 ) (699,114 ) Conversion effect - 68,416 68,416 Other increases (decreases) (1) 2,695,795 871,615 3,567,410 Changes 2,266,418 624,179 2,890,597 Book Value 6,725,253 1,990,703 8,715,956 As of December 31, 2018 Historic cost 6,725,253 2,737,318 9,462,571 Depreciation - (746,615 ) (746,615 ) Book Value 6,725,253 1,990,703 8,715,956 (1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . |
Other financial liabilities (Ta
Other financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other financial liabilities [Abstract] | |
Disclosure Of Loans And Financial Obligations Classified By Type At The Statement Of Financial Position [Text Block] | Debts and financial liabilities classified according to the type of obligation and their classifications in the Consolidated Financial Statements are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Bank borrowings (*) 38,160,178 75,200,804 24,623,746 73,886,831 Bonds payable (*) 4,081,175 135,281,303 3,306,135 69,476,612 Financial leases obligations (*) 365,972 17,546,162 176,586 17,638,289 Derivative financial instruments (**) 4,997,124 - 10,416,675 - Derivative hedge liabilities (**) 1,194,502 157,028 1,840,188 - Deposits for return of bottles and containers 13,967,995 - 13,228,328 - Total 62,766,946 228,185,297 53,591,658 161,001,732 |
Disclosure Of Non Current Loans And Financial Obligations [Text Block] | Non-current loan and financial obligation As of December 31, 2018 : Maturity (*) Debtor Tax ID Company Debtor country Lending party Tax ID Creditor name Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bank borrowings 76,035,409-0 Cervecera Guayacán SpA. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 10,049 11,077 43,764 64,890 Monthly 4.87 91,041,000-8 Viña San Pedro Tarapacá S.A. (1) Chile 97,018,000-1 Scotiabank Chile Chile USD 8,059,332 - - 8,059,332 At maturity 3.38 91,413,000-1 Compañía Cervecerías Unidas S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 39,826,440 - 39,826,440 At maturity 4.56 99,586,280-8 Compañía Pisquera de Chile S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 16,000,000 - 16,000,000 At maturity 4.68 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 18,000 - - 18,000 Monthly 6.00 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 22,500 - - 22,500 Monthly 5.76 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 13,048 - - 13,048 Monthly 6.12 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 52,210 - - 52,210 Monthly 5.02 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 27,780 - - 27,780 Monthly 4.44 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 48,610 - - 48,610 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 41,300 - - 41,300 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 51,671 - - 51,671 Monthly 4.73 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 92,344 - - 92,344 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 114,800 - - 114,800 Monthly 5.16 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 2,000,000 - - 2,000,000 At maturity 4.92 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 400,000 - - 400,000 At maturity 4.56 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 520,654 - - 520,654 Monthly 5.02 0-E Bebidas Bolivianas BBO S.A. Bolivia 0-E Banco Mercantil Santa Cruz S.A. Bolivia BOB 1,743,952 1,743,952 3,487,900 6,975,804 Quarterly 5.00 0-E Milotur S.A. Uruguay 0-E Banco Itaú Uruguay UI 871,421 - - 871,421 Monthly 4.80 Sub-Total 14,087,671 57,581,469 3,531,664 75,200,804 Financial leases obligations 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 747,756 801,372 15,995,307 17,544,435 Monthly 3.95 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 1,727 - - 1,727 Monthly 17.00 Sub-Total 749,483 801,372 15,995,307 17,546,162 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. Maturity (*) Debtor Tax ID Company Debtor country Registration ID No. Instrument Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bonds payable 90,413,000-1 Compañía Cervecerías Unidas S.A. (1) Chile Bond H 573 03/23/2009 Chile UF 9,976,415 9,984,905 32,519,081 52,480,401 Semiannual 4.25 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile Bond J 898 06/28/2018 Chile UF - - 82,800,902 82,800,902 Semiannual 2.90 Sub-Total 9,976,415 9,984,905 115,319,983 135,281,303 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. As of December 31, 2017: Maturity (*) Debtor Tax ID Company Debtor country Lending party Tax ID Creditor name Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bank borrowings 91,041,000-8 Viña San Pedro Tarapacá S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile UF 10,183,293 - - 10,183,293 At maturity 2.70 91,413,000-1 Compañía Cervecerías Unidas S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 39,750,482 - 39,750,482 At maturity 4.56 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile UF 17,624 - - 17,624 Monthly 5.48 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 72,000 - - 72,000 Monthly 6.00 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 32,667 - - 32,667 Monthly 5.88 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 112,500 - - 112,500 Monthly 5.76 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 50,621 - - 50,621 Monthly 6.12 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 138,116 - - 138,116 Monthly 5.02 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 94,445 - - 94,445 Monthly 4.44 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 131,944 - - 131,944 Monthly 4.42 96,711,590-8 Manantial S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 297,505 - - 297,505 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 208,100 - - 208,100 Monthly 4.92 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 171,638 - - 171,638 Monthly 4.73 96,711,590-8 Manantial S.A. Chile 76,645,030-K Banco Itaú Corpbanca Chile CLP 245,098 - - 245,098 Monthly 4.42 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,018,000-1 Scotiabank Chile Chile CLP 2,000,000 - - 2,000,000 At maturity 4.50 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,004,000-5 Banco de Chile Chile CLP 400,000 - - 400,000 At maturity 4.68 96,981,310-6 Cervecería Kunstmann S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP 1,378,183 - - 1,378,183 Monthly 5.02 99,586,280-8 Compañía Pisquera de Chile S.A. Chile 97,030,000-7 Banco del Estado de Chile Chile CLP - 16,000,000 - 16,000,000 At maturity 4.68 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco de la Nación Argentina Argentina ARS 748,377 - - 748,377 Monthly 26.63 0-E Compañía Industrial Cervecera S.A. Argentina 0-E Banco Galicia Argentina ARS 1,854,238 - - 1,854,238 Quarterly 23.00 Sub-Total 18,136,349 55,750,482 - 73,886,831 Financial leases obligations 76,077,848-6 Cervecera Belga de la Patagonia S.A. Chile 97,015,000-5 Banco Santander Chile UF - 6,991 - 6,991 Monthly 6.27 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 136,371 156,348 17,329,787 17,622,506 Monthly 7.07 0-E Finca La Celia S.A. Argentina 0-E Banco Supervielle Argentina ARS 8,792 - - 8,792 Monthly 17.00 Sub-Total 145,163 163,339 17,329,787 17,638,289 (*) See Note 5 non-discounted contractual cash flows. Maturity (*) Debtor Tax ID Company Debtor country Registration ID No. Instrument Creditor country Currency Over 1 year to 3 years Over 3 years to 5 years Over 5 years Total Type of amortization Interest Rate ThCh ThCh ThCh ThCh (%) Bonds payable 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile Bond E 388 10/18/2004 Chile UF 5,327,846 5,359,626 5,359,627 16,047,099 Semiannual 4.00 90,413,000-1 Compañía Cervecerías Unidas S.A. (1) Chile Bond H 573 03/23/2009 Chile UF 7,258,889 9,702,632 36,467,992 53,429,513 Semiannual 4.25 Sub-Total 12,586,735 15,062,258 41,827,619 69,476,612 ( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments) (*) See Note 5 – Risk administration non-discounted contractual cash flows. Details of the fair value of bank borrowings, financial leases obligations and bonds payable are described in Note 7 |
Disclosure Of Finance Lease Obligations [Text Block] | Subsidiary Finca La Celia S.A. Amount Type Institution Contract Date Currency Contract Purchase Number of quotas Anual Automotor Banco Supervielle - Argentina 06-07-2017 ARS 9,963 398 36 17.00 |
Disclosure of finance lease and operating lease by lessee [text block] | As of December 31, 2018 future payments and the current value of finance lease obligations are detailed as follows: Lease Minimum Future Payments As of December 31, 2018 Gross Amount Interest Value ThCh ThCh ThCh 0 to 3 months 241,724 151,208 90,516 3 months to 1 year 725,183 449,727 275,456 Over 1 year to 3 years 1,911,683 1,162,200 749,483 Over 3 years to 5 years 1,909,956 1,108,584 801,372 Over 5 years 23,078,634 7,083,327 15,995,307 Total 27,867,180 9,955,046 17,912,134 |
Trade and other current payab_2
Trade and other current payables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Trade and other current payables [abstract] | |
Disclosure of detailed information about trade and other payables [Text Block] | Trade and other payables are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Suppliers 247,335,760 - 224,330,195 - Notes payable 3,973,183 12,413 4,707,572 541,783 Trade an other current payables 251,308,943 12,413 229,037,767 541,783 Withholdings payable 52,071,225 - 52,643,786 - Trade accounts payable withholdings 52,071,225 - 52,643,786 - Total 303,380,168 12,413 281,681,553 541,783 |
Other Provisions (Tables)
Other Provisions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Provisions [abstract] | |
Disclosure Of Information About Total Provisions [Text Block] | Provisions recorded in the consolidated statement of financial position are detailed as follows: As of December 31, 2018 As of December 31, 2017 Current Non current Current Non current ThCh ThCh ThCh ThCh Litigation 405,069 488,562 349,775 950,920 Others - 6,937,197 - 289,469 Total 405,069 7,425,759 349,775 1,240,389 |
Reconciliation Of Changes In Other Provisions [Text Block] | The changes in provisions are detailed as follows: Litigation (1) Others Total ThCh ThCh ThCh As of January 1, 2017 1,248,243 484,441 1,732,684 As of December 31, 2017 Incorporated 1,028,505 14,386 1,042,891 Used (652,280 ) - (652,280 ) Released (81,249 ) (142,291 ) (223,540 ) Conversion effect (242,524 ) (67,067 ) (309,591 ) Changes 52,452 (194,972 ) (142,520 ) As of December 31, 2017 1,300,695 289,469 1,590,164 As of December 31, 2018 Incorporated 560,355 6,731,027 7,291,382 Used (344,749 ) - (344,749 ) Released (102,277 ) (11,975 ) (114,252 ) Conversion effect (520,393 ) (71,324 ) (591,717 ) Changes (407,064 ) 6,647,728 6,240,664 As of December 31, 2018 893,631 6,937,197 7,830,828 (1) See Note 34 – Contingencies and commitments . |
Maturity Provisions [Text Block] | The maturities of provisions at December 31, 2018 , are detailed as follows: Litigation Others Total ThCh ThCh ThCh Less than one year 405,069 - 405,069 Between two and five years 314,784 6,937,197 7,251,981 Over five years 173,778 - 173,778 Total 893,631 6,937,197 7,830,828 The maturities of provisions at December 31, 2017 , are detailed as follows: Litigation Others Total ThCh ThCh ThCh Less than one year 349,775 - 349,775 Between two and five years 445,941 289,469 735,410 Over five years 504,979 - 504,979 Total 1,300,695 289,469 1,590,164 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income taxes paid (refund) [abstract] | |
Disclosure Of Current Tax Assets [Text Block] | Taxes receivables are detailed as follows: As of December As of December ThCh ThCh Refundable tax previous year 11,884,421 9,640,567 Taxes under claim (1) 968,195 968,195 Argentinean tax credits 440,172 4,813,614 Monthly provisions 3,686,905 12,537,248 Payment of absorbed profit provision - 24,104 Other credits 322,736 44,150 Total 17,302,429 28,027,878 (1) This item includes claims for refund of first category taxes (Provisional payment of absorved profit) for an amount of ThCh$ 968,195 that was presented in April 2014 from the commercial year 2013. |
Disclosure Of Current Tax Assets Noncurrent [Text Block] | Taxes receivables are detailed as follows: As of December As of December ThCh ThCh Taxes under claim (1) 1,173,281 1,173,281 Others (2) 97,660 143,019 Total 1,270,941 1,316,300 (1) This item includes claims for refund of first category taxes (Provisional payment of absorved profit) that was presented in April 2010 from the commercial year 2009. (2) Corresponds to the minimum presumed income tax of Argentine subsidiaries, whose recovery period is estimated to be more than one year. |
Disclosure of current tax liabilities [Text Block] | Taxes payable are detailed as follows: As of December As of December ThCh ThCh Chilean Tax income (expense) 71,587,790 18,335,047 Monthly provisional payments 3,946,196 3,970,511 Chilean unique taxes 101,474 105,903 Other 249,989 115,173 Total 75,885,449 22,526,634 |
Disclosure of information about income and deferred tax expense [Text Block] | The income tax and deferred tax expense for the years ended as of December 31, 2018, 2017 and 2016, are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Income as per deferred tax related to the origin and reversal of temporary differences 9,930,675 (500,800 ) (878,629 ) Prior year adjustments 484,985 569,212 3,838,136 Effect of change in tax rates 23,903 (50,071 ) (856,612 ) Tax benefits (loss) (1,795,446 ) 611,282 (765,292 ) Total deferred tax expense 8,644,117 629,623 1,337,603 Current tax expense (144,929,220 ) (47,841,130 ) (31,285,976 ) Prior period adjustments 158,286 (1,154,469 ) (298,010 ) Total expenses (income) for current taxes (144,770,934 ) (48,995,599 ) (31,583,986 ) (Loss) Income from income tax (136,126,817 ) (48,365,976 ) (30,246,383 ) |
Disclosure of information about income tax relating to components of other comprehensive income [Text Block] | Deferred taxes related to items charged or credited directly to the Consolidated Statement of Comprehensive Income are detailed as follows: For the years ended as of December 31, 2018 2017 2016 ThCh ThCh ThCh Net income from cash flow hedge (16,196 ) 728 (20,648 ) Actuarial gains and losses deriving from defined benefit plans 339,533 (47,228 ) 659,198 Charge to equity 323,337 (46,500 ) 638,550 |
Disclosure of information about reconciliation of average effective tax rate and applicable tax rate [Text Block] | The Company’s income tax expense as of December 31, 2018, 2017 and 2016 represents 29.71% , 24.62% and 17.80%, respectively of income before taxes. The following is reconciliation between such effective tax rate and the statutory tax rate valid in Chile. For the years ended as of December 31, 2018 2017 2016 ThCh Rate % ThCh Rate % ThCh Rate % Income before taxes 458,211,348 196,474,395 170,328,270 Income tax using the statutory rate (123,717,064 ) 27.00 (50,100,971 ) 25.50 (40,878,785 ) 24.00 Adjustments to reach the effective rate Tax effect of permanent differences, net (14,596,485 ) 3.19 4,071,180 (2.07 ) 10,357,858 (6.10 ) Effect of change in tax rate 23,903 (0.01 ) (50,071 ) 0.03 (856,612 ) 0.50 Effect of tax rates in Argentina and Uruguay 1,519,558 (0.33 ) (1,700,857 ) 0.86 (1,308,482 ) 0.80 Prior year adjustments 643,271 (0.14 ) (585,257 ) 0.30 2,439,638 (1.40 ) Income tax, as reported (136,126,817 ) 29.71 (48,365,976 ) 24.62 (30,246,383 ) 17.80 |
Disclosure of information about deferred tax assets and liabilities [Text Block] | Deferred tax assets and liabilities included in the Consolidated Financial Statements are detailed as follows: As of December As of December 31, 2017 ThCh ThCh Deferred taxes assets Accounts receivable impairment provision 1,406,961 1,136,789 Other non-tax expenses 8,825,378 10,597,985 Benefits to staff 3,468,874 3,328,263 Inventory impairment provision 352,183 401,487 Severance indemnity 6,829,816 6,133,014 Inventory valuation 2,143,768 2,228,552 Intangibles 241,802 229,725 Other assets 10,639,754 10,436,908 Tax loss carryforwards 3,782,552 5,858,606 Total assets from deferred taxes 37,691,088 40,351,329 Deferred taxes liabilities Property, plant and equipment depreciation 51,471,109 45,380,381 Agricultural operation expenses 7,150,018 7,130,896 Manufacturing indirect activation costs 5,743,496 5,258,290 Intangibles 16,614,440 11,736,406 Land 25,408,185 23,313,756 Other liabilities 2,112,923 1,530,382 Total liabilities from deferred taxes 108,500,171 94,350,111 Total (70,809,083 ) (53,998,782 ) |
Disclosure of information about reconciliation of changes in deferred tax liability asset [Text Block] | Changes in deferred tax assets are detailed as follows: Movement of deferred tax ThCh$ As of January 1, 2017 (54,950,823 ) Deferred taxes from tax loss carry forwards absortion 629,623 Conversion effect 369,646 Deferred taxes against equity (47,228 ) Changes 952,041 As of December 31, 2017 (53,998,782 ) As of January 1, 2018 Deferred taxes related to credited items (charged) directly to equity (1) (24,537,164 ) Deferred taxes from tax loss carry forwards absortion 8,644,117 Conversion effect (967,300 ) Deferred taxes against equity 339,533 Other deferred movements taxes (289,487 ) Changes (16,810,301 ) As of December 31, 2018 (70,809,083 ) (1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b) . |
Employee Benefits (Tables)
Employee Benefits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Employee benefits [Abstract] | |
Disclosure of total employee defined benefit plans in statement of financial position [Text Block] | As of December 31, 2018 and 2017 , the total staff benefits recorded in the Consolidated Statement of Financial Position is detaileds as follows: As of December 31, 2018 As of December 31, 2017 Employees’ Benefits Current Non current Current Non current ThCh ThCh ThCh ThCh Short term benefits 31,600,044 - 26,050,387 - Employment termination benefits 194,119 26,901,088 182,106 23,517,009 Total 31,794,163 26,901,088 26,232,493 23,517,009 |
Disclosure of Short-term employee benefits expense [Text Block] | The total short-term benefits recorded in the Consolidated Statement of Financial Position are detailed as follows: Short-Term Employees’ Benefits As of December 31, 2018 As of December 31, 2017 ThCh ThCh Vacation 10,518,298 9,932,727 Bonus and compensation 21,081,746 16,117,660 Total 31,600,044 26,050,387 |
Disclosure of termination benefits [Text Block] | The obligation recorded for severance indemnity is detailed as follows: Severance Indemnity As of December 31, 2018 As of December 31, 2017 ThCh ThCh Current 194,119 182,106 Non-current 26,901,088 23,517,009 Total 27,095,207 23,699,115 |
Disclosure of reimbursement rights [text block] | The change in the severance indemnity is detailed as follows: Severance Indemnity ThCh Balance as of January 1, 2017 22,153,423 Current cost of service 1,942,099 Interest cost 1,850,598 Actuarial (Gain) losses (99,357 ) Paid-up benefits (1,934,587 ) Past service cost 604,337 Conversion effect (694,189 ) Others (123,209 ) Changes 1,545,692 As of December 31, 2017 23,699,115 Current cost of service 2,154,071 Interest cost 1,742,273 Actuarial (Gain) losses 1,322,754 Paid-up benefits (1,640,831 ) Past service cost 306,746 From combinations (1) 776,718 Conversion effect (1,281,341 ) Others 15,702 Changes 3,396,092 As of December 31, 2018 27,095,207 (1) See Note 15 – Business combinations, letter a) . |
Disclosure of termination benefits expense [Text Block] | The figures recorded in the Consolidated Statement of Income, are detailed as follows: For the years ended as of December 31, Expense recognized for severance indemnity 2018 2017 2016 ThCh ThCh ThCh Current cost of service 2,154,071 1,942,099 1,650,484 Past service cost 306,746 604,337 342,039 Non-provided paid benefits 6,547,694 6,023,869 7,851,201 Other 175,005 269,377 1,114,112 Total expense recognized in Consolidated Statement of Income 9,183,516 8,839,682 10,957,836 |
Disclosure of information about actuarial assumptions [Text Block] | The main actuarial assumptions used for the calculation of the severance indemnity obligation are detailed as follows: Chile Argentina Actuarial Assumptions As of December 31, 2018 As of December 31, 2017 As of December 31, 2018 As of December 31, 2017 Mortality table RV-2014 RV-2014 Gam,83 Gam '83 Annual interest rate 5,69% 5,96% 34,62% 24,55% Voluntary employee turnover rate 1,9% 1,9% "ESA 77 Ajustada" - 50% "ESA 77 Ajustada" - 50% Company’s needs rotation rate 5,3% 5,3% "ESA 77 Ajustada" - 50% "ESA 77 Ajustada" - 50% Salary increase (*) 3,7% 3,7% 28,27% 18,68% Officers 60 60 60 60 Estimated retirement age for (*) Other Male 65 65 65 65 Female 60 60 60 60 (*) Average of the Company. |
Disclosure of information about sensitivity analysis [Text Block] | The Following is a sensitivity analysis based on increased (decreased) of 1 percent on the discount rate: Sensitivity Analysis As of December 31, 2018 As of December 31, 2017 ThCh ThCh 1% increase in the Discount Rate (Gain) 1,623,794 1,457,410 1% decrease in the Discount Rate (Loss) (1,880,258 ) (1,684,968 ) |
Disclosure of information about other employee expense [Text Block] | The amounts recorded in the Consolidated Statement of Income are detailed as follows: For the years ended as of December 31, Personal expense 2018 2017 2016 ThCh ThCh ThCh Salaries 159,246,822 151,944,702 145,766,757 Employees’ short-term benefits 31,528,110 27,588,955 23,189,206 Total expenses for short-term employee benefits 190,774,932 179,533,657 168,955,963 Employments termination benefits 9,183,516 8,839,682 10,957,836 Other staff expense 32,183,184 32,485,170 30,971,754 Total (1) 232,141,632 220,858,509 210,885,553 (1) See Note 29 – Natures of cost and expense . |
Other non-financial liabiliti_2
Other non-financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other non financial liabilities [Abstract] | |
Disclosure of other non financial liabilities [Text Block] | The total Other non-financial liabilities are detailed as follows: As of December 31, 2018 As of December 31, 2017 ThCh ThCh Parent dividend provisioned by the board 51,730,402 25,865,201 Parent dividend provisioned according to policy 101,714,994 38,938,475 Outstanding parent dividends 684,158 709,790 Subsidiaries dividends according to policy 7,502,145 8,758,691 Total dividends payable 161,631,699 74,272,157 Income received in advance (1) 2,497,811 - Others 426,030 26,142 Total 164,555,540 74,298,299 Current 164,555,540 74,298,299 Total 164,555,540 74,298,299 (1) See Note 1 – General information, letter C) . |
Common Shareholders' Equity (Ta
Common Shareholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Common Shareholders' Equity [Abstract] | |
Disclosure of comprenhensive income and expense [Text Block] | Comprehensive income and expenses are detailed as follows: Other Income and expense charged or credited against net equity Gross Balance Tax Net Balance ThCh ThCh ThCh Gains (losses) on cash flow hedges (1) 63,008 (16,196 ) 46,812 Gains (losses) on exchange differences on translation (1) 37,990,079 - 37,990,079 Reserve of Actuarial gains and losses on defined benefit plans (1,263,781 ) 339,533 (924,248 ) Total comprehensive income As of December 31, 2018 36,789,306 323,337 37,112,643 Other Income and expense charged or credited against net equity Gross Balance Tax Net Balance ThCh ThCh ThCh Gains (losses) on cash flow hedges (1) (5,661 ) 728 (4,933 ) Gains (losses) on exchange differences on translation (1) (34,786,480 ) - (34,786,480 ) Reserve of Actuarial gains and losses on defined benefit plans 19,669 (47,228 ) (27,559 ) Total comprehensive income As of December 31, 2017 (34,772,472 ) (46,500 ) (34,818,972 ) Other Income and expense charged or credited against net equity Gross Balance Tax Net Balance ThCh ThCh ThCh Cash flow hedge (1) 84,962 (20,648 ) 64,314 Conversion differences of subsidiaries abroad (27,280,176 ) - (27,280,176 ) Reserve of Actuarial gains and losses on defined benefit plans (2,355,384 ) 659,198 (1,696,186 ) Total comprehensive income As of December 31, 2016 (29,550,598 ) 638,550 (28,912,048 ) (1) These concepts will be reclassified to the Statement of Income when it’s settled . |
Disclosure of changes in comprenhensive income and expense [Text Block] | The movement of comprehensive income and expense is detailed as follows: a) As of December 31, 2018 : Changes Reserve of exchange differences on translation Reserve of cash flow hedges Reserve of Actuarial gains and losses on defined benefit plans Total other reserves ThCh ThCh ThCh ThCh Conversion of joint ventures and foreign subsidiaries (55,755,054 ) 63,008 (1,263,781 ) (56,955,827 ) Deferred taxes - (16,196 ) 339,533 323,337 Inflation adjustment of subsidiaries in Argentina 93,745,133 - - 93,745,133 Total changes in equity 37,990,079 46,812 (924,248 ) 37,112,643 Equity holders of the parent 35,487,433 51,944 (882,063 ) 34,657,314 Non-controlling interests 2,502,646 (5,132 ) (42,185 ) 2,455,329 Total changes in equity 37,990,079 46,812 (924,248 ) 37,112,643 b) As of December 31, 2017 : Changes Reserve of exchange differences on translation Reserve of cash flow hedges Reserve of Actuarial gains and losses on defined benefit plans Total other reserves ThCh ThCh ThCh ThCh Conversion of joint ventures and foreign subsidiaries (34,786,480 ) (5,661 ) 19,669 (34,772,472 ) Deferred taxes - 728 (47,228 ) (46,500 ) Total changes in equity (34,786,480 ) (4,933 ) (27,559 ) (34,818,972 ) Equity holders of the parent (32,982,829 ) (10,837 ) (32,794 ) (33,026,460 ) Non-controlling interests (1,803,651 ) 5,904 5,235 (1,792,512 ) Total changes in equity (34,786,480 ) (4,933 ) (27,559 ) (34,818,972 ) c) As of December 31, 2016: Changes Reserve of exchange differences on translation Reserve of cash flow hedges Reserve of Actuarial gains and losses on defined benefit plans Total other reserves ThCh ThCh ThCh ThCh Conversion of joint ventures and foreign subsidiaries (27,280,176 ) (399,559 ) (2,355,384 ) (30,035,119 ) Deferred taxes - 89,983 659,198 749,181 Reclassification to the result by function - 484,521 - 484,521 Reclassification of deferred taxes related to other reserves - (110,631 ) - (110,631 ) Total changes in equity (27,280,176 ) 64,314 (1,696,186 ) (28,912,048 ) Equity holders of the parent (25,123,546 ) 41,607 (1,623,299 ) (26,705,238 ) Non-controlling interests (2,156,630 ) 22,707 (72,887 ) (2,206,810 ) Total changes in equity (27,280,176 ) 64,314 (1,696,186 ) (28,912,048 ) |
Disclosure of basic and diluted earnings loss per share [Text Block] | The information used for the calculation of the income as per each basic and diluted share is as follows: Income per share For the years ended as of December 31, 2018 2017 2016 Equity holders of the controlling company (ThCh$) 306,890,792 129,607,353 118,457,488 Weighted average number of shares 369,502,872 369,502,872 369,502,872 Basic income per share (in Chilean pesos) 830.55 350.76 320.59 Equity holders of the controlling company (ThCh$) 306,890,792 129,607,353 118,457,488 Weighted average number of shares 369,502,872 369,502,872 369,502,872 Diluted income per share (in Chilean pesos) 830.55 350.76 320.59 |
Disclosure of dividends recognised as distributions to owners [Text Block] | As of December 31, 2018, 2017 and 2016 , the Company has distributed the following dividends: Dividend Nº Payment Date Type of Dividend Dividends per Share ( Ch$ ) Related to FY 250 01-06-2017 Interim 66.0000 2015 251 04-26-2017 Final 97.47388 2015 252 01-05-2018 Interim 66.0000 2016 253 04-26-2018 Final 110.32236 2016 254 01-05-2018 Interim 70.0000 2017 255 04-26-2018 Final 108.88833 2017 256 01-04-2019 Interim 140.0000 2018 |
Non-controlling Interests (Tabl
Non-controlling Interests (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Non-controlling interests [Abstract] | |
Disclosure of detailed information about non-controlling interests [Text Block] | Non-controlling Interests are detailed as follows: a. Equity Equity As of December 31, 2018 As of December 31, 2017 ThCh ThCh Viña San Pedro Tarapacá S.A. 39,007,270 72,189,322 Bebidas del Paraguay S.A. 18,803,673 17,624,239 Aguas CCU-Nestlé Chile S.A. 24,118,966 20,347,714 Cervecería Kunstmann S.A. 8,118,212 6,684,320 Compañía Pisquera de Chile S.A. 5,109,395 4,898,600 Saenz Briones & Cía. S.A.I.C. 1,179,410 680,303 Distribuidora del Paraguay S.A. 4,445,452 2,806,825 Bebidas Bolivianas BBO S.A. (1) 7,075,032 - Other 1,131,825 520,228 Total 108,989,235 125,751,551 (1) See Note 15 – Business combinations, letter a) . |
Disclosure of detailed information about n on-controlling interests related to profit loss [Text Block] | b. Result For the years ended as of December 31, Result 2018 2017 2016 ThCh ThCh ThCh Aguas CCU-Nestlé Chile S.A. 7,587,140 7,814,358 8,377,672 Viña San Pedro Tarapacá S.A. 2,520,768 6,223,423 9,887,477 Cervecería Kunstmann S.A. 2,772,074 1,979,976 1,636,906 Compañía Pisquera de Chile S.A. 1,154,401 954,046 790,152 Saenz Briones & Cía. S.A.I.C. 42,787 33,027 11,184 Distribuidora del Paraguay S.A. 1,431,158 906,728 255,683 Bebidas del Paraguay S.A. 210,568 580,406 576,986 Bebidas Bolivianas BBO S.A. (1) (552,816 ) - - Other 27,659 9,102 88,339 Total 15,193,739 18,501,066 21,624,399 (1) See Note 15 – Business combinations, letter a) . |
Summary of significant financial statements items related to non-controlling interests [Text Block] | As of December 31, 2018 As of December 31, 2017 ThCh ThCh Assets and Liabilities Current assets 711,482,809 610,476,810 Non-currente assets 829,511,196 746,352,848 Current liabilities 399,409,388 337,171,241 Non-current liabilities 149,602,171 159,841,007 Dividends paid 3,212,105 10,150,528 |
Summary of significant financial statements items related to non-controlling interests Vina San Pedro de Tarapaca [Text Block] | The main significant Non-controlling interest is represented by Viña San Pedro Tarapacá S.A. with the following balances: Assets and Liabilities As of December 31, 2018 As of December 31, 2017 ThCh ThCh Assets and Liabilities Current assets 156,118,074 141,114,944 Non-currente assets 185,841,247 174,184,006 Current liabilities 80,877,682 63,872,711 Non-current liabilities 31,550,148 31,221,369 For the years ended as of December 31, Result 2018 2017 2016 ThCh ThCh ThCh Net sales 206,518,731 204,453,782 201,402,052 Net income of year 14,833,018 17,715,119 28,021,996 |
Nature of cost and expense (Tab
Nature of cost and expense (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of expenses by nature [Abstract] | |
Disclosure of detailed information about expenses by nature [Text Block] | Operational cost and expenses grouped by nature are detailed as follows: For the years ended as of December 31, Costs and expenses by nature 2018 2017 2016 ThCh ThCh ThCh Direct cost 650,386,343 586,223,676 540,692,964 Personnel expense (1) 232,141,632 220,858,509 210,885,553 Transportation and distribution 243,907,283 235,265,049 230,047,942 Advertising and promotion 118,003,908 129,603,036 105,938,586 Depreciation and amortization 93,289,194 92,199,504 83,528,045 Materials and maintenance 46,610,947 46,172,647 47,102,582 Energy 29,309,465 25,940,847 24,444,163 Leases 17,727,367 15,929,047 16,294,896 Other expenses 111,639,503 117,992,179 104,455,411 Total 1,543,015,642 1,470,184,494 1,363,390,142 (1) See Note 25 - Employee benefits. |
Other income by function (Table
Other income by function (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of income statement [Abstract] | |
Disclosure of detailed information about other income by function [Text Block] | Other income by function is detailed as follows: For the years ended as of December 31, Other incomes by function 2018 2017 2016 ThCh ThCh ThCh Sales of fixed assets 2,464,820 1,641,317 2,605,720 Lease expense 266,335 535,555 382,934 Sale of glass 731,111 1,334,123 549,787 Claims recovery 831,230 761,290 589,396 Advance term license (1) 213,400,487 - - Other 10,761,071 2,445,617 1,016,317 Total 228,455,054 6,717,902 5,144,154 (1) See brands in Note 1 – General information, letter C) . |
Other Gains (Losses) (Tables)
Other Gains (Losses) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other gains losses [Abstract] | |
Disclosure of detailed information about other gains [Text Block] | Other gains (losses) items are detailed as follows: For the years ended as of December 31, Other gain and (loss) 2018 2017 2016 ThCh ThCh ThCh Results derivative contracts (1) 5,108,327 (8,010,204 ) (10,134,414 ) Marketable securities to fair value (132,420 ) 293,413 84,133 Other (946,280 ) - 1,704,374 Total 4,029,627 (7,716,791 ) (8,345,907 ) (1) Under this concept the Company (payment) or received cash flows amounting to ThCh$ 7,508,815 (payment), ThCh$ 11,391,103 (payment) and ThCh$ 9,698,871 received, corresponding to 2018 , 2017 and 2016 , respectively, and these were recorded in the Consolidated Cash Flow Statement, under Operational activities, in line item Other cash movements. |
Financial results (Tables)
Financial results (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of income statement [Abstract] | |
Disclosure of detailed information about income statement [Text Block] | The financial results composition is detailed as follows: For the years ended as of December 31, Financial results 2018 2017 2016 ThCh ThCh ThCh Finance income 15,794,456 5,050,952 5,680,068 Finance costs (23,560,662 ) (24,166,313 ) (20,307,238 ) Foreign currency exchange differences 3,299,657 (2,563,019 ) 456,995 Result as per adjustment units 742,041 (110,539 ) (2,246,846 ) |
Effects of changes in currenc_2
Effects of changes in currency exchange rate (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Effects of changes in foreign exchange rate [Abstract] | |
Disclosure of components of current assets in foreign exchange [Text Block] | Current assets are denominated in the following currencies: CURRENT ASSETS As of December 31, 2018 As of December 31, 2017 ThCh ThCh Current assets Cash and cash equivalents 319,014,050 170,044,602 CLP 260,844,976 137,686,421 USD 19,026,630 5,178,619 Euros 954,640 182,966 ARS 33,207,046 17,983,303 UYU 548,975 718,348 PYG 2,495,748 7,758,211 BOB 1,259,765 - Others currencies 676,270 536,734 Other financial assets 22,745,469 10,724,196 CLP 1,284,308 1,669,678 USD 20,990,836 8,992,300 Euros 438,369 44,126 Others currencies 31,956 18,092 Other non-financial assets 18,861,414 15,834,225 CLP 14,998,511 11,758,075 UF 282,494 275,568 USD 860,506 791,191 Euros 5,078 173,165 ARS 2,061,473 2,593,125 UYU 72,792 37,956 PYG 434,399 205,145 BOB 146,161 - Trade and other current receivables 320,702,339 286,213,598 CLP 191,891,137 183,758,319 UF 1,394,916 138,261 USD 34,113,849 27,810,990 Euros 10,152,559 9,326,882 ARS 65,748,507 54,194,474 UYU 5,128,068 4,372,909 PYG 8,588,066 5,495,532 BOB 1,340,388 - Others currencies 2,344,849 1,116,231 Accounts receivable from related parties 3,048,841 5,810,764 CLP 2,959,696 5,652,643 UF 79,231 109,120 USD 9,480 40,039 PYG 434 8,962 Inventories 228,062,237 201,987,891 CLP 181,084,437 166,761,797 USD 198,068 374,473 Euros - 17,363 ARS 34,392,396 27,356,020 UYU 2,403,427 1,966,752 PYG 7,669,975 5,511,486 BOB 2,313,934 - Biological assets 8,489,873 8,157,688 CLP 7,914,384 7,666,639 ARS 575,489 491,049 Current tax assets 17,302,429 28,027,878 CLP 13,262,197 21,407,803 ARS 3,922,627 6,620,075 UYU 117,605 - Non-current assets of disposal groups classified as held for sale 2,780,607 2,305,711 CLP 1,884,958 2,046,178 ARS 895,649 259,533 Total current assets 941,007,259 729,106,553 CLP 676,124,604 538,407,553 UF 1,756,641 522,949 USD 75,199,369 43,187,612 Euros 11,550,646 9,744,502 ARS 140,803,187 109,497,579 UYU 8,270,867 7,095,965 PYG 19,188,622 18,979,336 BOB 5,060,248 - Others currencies 3,053,075 1,671,057 Total current assets by currencies 941,007,259 729,106,553 |
Disclosure of components of non-current assets in foreign exchange [Text Block] | Non-Current assets are denominated in the following currencies: NON-CURRENT ASSETS As of December As of December 31, 2017 ThCh ThCh Non-current assets Other financial assets 3,325,079 1,918,191 UF 3,325,079 1,918,191 Trade and other non-current receivables 3,363,123 3,974,395 CLP 88,306 190,015 UF 1,283,676 2,452,475 ARS 1,804,963 1,331,905 PYG 186,178 - Other non-financial assets 5,007,150 4,644,827 CLP 4,278,605 3,493,654 USD 173,693 664,290 ARS 540,495 472,141 PYG 14,357 14,742 Accounts receivable from related parties 190,865 258,471 UF 190,865 258,471 Investments accounted for using the equity method 142,017,781 99,270,280 CLP 19,407,798 26,782,445 USD 122,031,829 72,128,873 ARS 578,154 358,962 Intangible assets other than goodwill 118,964,142 77,032,480 CLP 67,739,510 65,914,305 ARS 37,960,927 4,385,112 UYU 2,912,675 2,975,596 PYG 3,848,057 3,757,467 BOB 6,502,973 - Goodwill 123,044,901 94,617,474 CLP 75,577,909 76,119,432 USD 22,298,304 12,853,153 ARS 24,889,792 5,381,779 PYG 278,896 263,110 Property, plant and equipment (net) 1,021,266,631 917,913,428 CLP 830,151,351 808,313,408 USD - 1,681 Euros - 94,776 ARS 142,669,147 78,183,157 UYU 14,890,634 14,739,411 PYG 18,030,887 16,580,995 BOB 15,524,612 - Investment property 8,715,956 5,825,359 CLP 4,332,690 4,862,410 ARS 4,383,266 962,949 Deferred tax assets 37,691,088 40,351,329 CLP 32,989,545 36,530,783 ARS 2,955,530 3,601,765 UYU 223,831 180,761 PYG 47,456 38,020 BOB 1,474,726 - Current tax assets non current 1,270,941 1,316,300 CLP 1,172,749 1,173,281 ARS 98,192 143,019 Total non-current assets 1,464,857,657 1,247,122,534 CLP 1,035,738,463 1,023,379,733 UF 4,799,620 4,629,137 USD 144,503,826 85,647,997 Euros - 94,776 ARS 215,880,466 94,820,789 UYU 18,027,140 17,895,768 PYG 22,405,831 20,654,334 BOB 23,502,311 - Total non-current assets by currencies 1,464,857,657 1,247,122,534 |
Disclosure of components of current liabilities in foreign exchange [Text Block] | Current liabilities are denominated in the following currencies: As of December 31, 2018 As of December 31, 2017 CURRENT LIABILITIES Until 90 days More the 91 days until 1 year Until 90 days More the 91 days until 1 year ThCh ThCh ThCh ThCh Current liabilities Other financial liabilities 11,197,060 51,569,886 16,761,881 36,829,777 CLP 1,579,060 19,510,742 1,621,976 17,844,529 UF 1,695,546 13,302,035 823,223 2,798,184 USD 4,509,884 16,667,379 10,096,603 10,571,414 Euros 1,153,302 - 694,056 355,650 ARS 2,098,712 1,762,947 3,122,166 4,971,531 UI 110,633 326,783 403,857 288,469 BOB 38,735 - - - Others currencies 11,188 - - - Trade and other current payables 297,834,912 5,545,256 280,932,266 749,287 CLP 177,575,915 1,796,915 169,971,096 - UF - - 5,847 - USD 43,335,127 2,746,757 34,814,603 498,752 Euros 4,921,252 974,462 6,030,900 250,535 ARS 63,786,646 612 65,677,731 - UYU 2,202,163 - 1,978,456 - PYG 2,367,325 26,444 2,179,652 - BOB 3,302,514 - - - Others currencies 343,970 66 273,981 - Accounts payable to related parties 6,651,051 285,859 10,069,043 - CLP 4,042,438 - 4,616,727 - USD 903,988 285,859 3,980,612 - Euros 1,619,082 - 1,416,055 - PYG 11,267 - 9,077 - BOB 11,879 - - - Others currencies 62,397 - 46,572 - Other current provisions 271,812 133,257 297,500 52,275 CLP 5,380 133,257 - 52,275 ARS 266,432 - 297,500 - Current tax liabilities 56,895,995 18,989,454 18,162,016 4,364,618 CLP 3,932,875 18,989,454 5,663,732 4,364,618 ARS 52,201,867 - 12,383,112 - UYU 249,988 - 115,172 - PYG 511,265 - - - Provisions for employee benefits 16,181,182 15,612,981 25,751,992 480,501 CLP 5,530,208 15,612,981 17,619,085 480,501 ARS 9,839,822 - 7,521,224 - UYU 383,167 - 335,454 - PYG 271,167 - 276,229 - BOB 156,818 - - - Other non-financial liabilities 2,479,960 162,075,580 25,891,422 48,406,877 CLP - 162,075,580 25,865,201 48,406,877 USD 2,467,789 - - - ARS 12,171 - 26,221 - Total current liabilities 391,511,972 254,212,273 377,866,120 90,883,335 CLP 192,665,876 218,118,929 225,357,817 71,148,800 UF 1,695,546 13,302,035 829,070 2,798,184 USD 51,216,788 19,699,995 48,891,818 11,070,166 Euros 7,693,636 974,462 8,141,011 606,185 ARS 128,205,650 1,763,559 89,027,954 4,971,531 UYU 2,835,318 - 2,429,082 - PYG 3,161,024 26,444 2,464,958 - UI 110,633 326,783 403,857 288,469 BOB 3,509,946 - - - Others currencies 417,555 66 320,553 - Total current liabilities by currency 391,511,972 254,212,273 377,866,120 90,883,335 |
Disclosure of components of non-current liabilities in foreign exchange [Text Block] | Non-Current liabilities are denominated in the following currencies: As of December 31, 2018 As of December 31, 2017 NON-CURRENT LIABILITIES More than 1 year until 3 years More than 3 year until 5 years Over 5 years More than 1 year until 3 years More than 3 year until 5 years Over 5 years ThCh ThCh ThCh ThCh ThCh ThCh Non-current liabilities Other financial liabilities 24,970,597 68,367,746 134,846,954 30,868,247 70,976,079 59,157,406 CLP 3,412,966 55,837,517 43,764 5,332,817 55,750,482 - UF 10,724,171 10,786,277 131,315,290 22,924,023 15,225,597 59,157,406 USD 8,059,332 - - - - - Euros 157,028 - - - - - ARS 1,727 - - 2,611,407 - - UI 871,421 - - - - - BOB 1,743,952 1,743,952 3,487,900 - - - Trade and other non-current payables 5,142 - 7,271 541,783 - - CLP - - 7,271 404,081 - - UF - - - 7,068 - - USD - - - 130,634 - - BOB 5,142 - - - - - Other non- current provisions 239,300 281,654 6,904,805 735,410 - 504,979 CLP 19,056 - 6,731,027 57,252 - - ARS 81,026 281,654 173,778 544,254 - 504,979 UYU 139,218 - - 133,904 - - Deferred tax liabilities 23,241,269 14,084,656 71,174,246 27,074,149 9,333,081 57,942,881 CLP 20,302,096 12,761,025 56,936,976 26,303,193 8,892,998 53,811,477 ARS 2,839,763 1,315,431 10,490,282 735,208 431,503 2,703,872 UYU 46,754 - 897,718 - - 989,517 PYG 52,656 8,200 422,346 35,748 8,580 438,015 BOB - - 2,426,924 - - - Provisions employee benefits 1,258,674 - 25,642,414 301,903 - 23,215,106 CLP - - 22,959,627 - - 20,052,918 ARS - - 2,682,787 - - 3,162,188 PYG 391,302 - - 301,903 - - BOB 867,372 - - - - - Total non-current liabilities 49,714,982 82,734,056 238,575,690 59,521,492 80,309,160 140,820,372 CLP 23,734,118 68,598,542 86,678,665 32,097,343 64,643,480 73,864,395 UF 10,724,171 10,786,277 131,315,290 22,931,091 15,225,597 59,157,406 USD 8,059,332 - - 130,634 - - Euros 157,028 - - - - - ARS 2,922,516 1,597,085 13,346,847 3,890,869 431,503 6,371,039 UYU 185,972 - 897,718 133,904 - 989,517 PYG 443,958 8,200 422,346 337,651 8,580 438,015 UI 871,421 - - - - - BOB 2,616,466 1,743,952 5,914,824 - - - Total non-current liabilities by currency 49,714,982 82,734,056 238,575,690 59,521,492 80,309,160 140,820,372 |
Contingencies and Commitments (
Contingencies and Commitments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of commitments and contingent liabilities [Abstract] | |
Disclosure of maturity analysis of operating lease payments [text block] | The total amount of the Company’s obligations with third parties relating to lease operating and services agreements that can not be terminated is detailed as follows: Lease operating and services agreements not to be terminated As of December 31, 2018 ThCh Within 1 year 56,311,446 Between 1 and 5 years 59,404,285 Over 5 years 22,661,389 Total 138,377,120 |
Disclosure of purchase and supplies contracts [Text Block] | The total amount of the Company’s obligations to third parties relating to purchase and supply agreements as of December 31, 2018 is detailed as follows: Purchase and supply agreements Purchase and supply agreements Purchase and contract related to wine and grape ThCh ThCh Within 1 year 232,661,581 13,324,315 Between 1 and 5 years 839,140,078 15,158,909 Over 5 years 237,038,942 236,222 Total 1,308,840,601 28,719,446 |
Disclosure of judgements and claims [Text Block] | Trials and claim Subsidiary Court Description Status Estimated accrued loss contingency Comercial CCU S.A. Labour Court. Labor trial. Appeal of first instance verdict. ThCh$ 17,604 Comercial CCU S.A. Labour Court. Labor trial. Appeal of first instance verdict. ThCh$ 21,268 Comercial CCU S.A. Labour Court. Labor trial. Appeal of first instance verdict. ThCh$ 26,027 Viña San Pedro Tarapacá S.A. Labour Court. Labor trial. Execution phase. ThCh$ 15,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 17,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Ruling enforcement. US$ 18,000 Compañía Industrial Cervecera S.A. (CICSA) Commercial Court. Distributor claim for to the termination of distribution agreeent. Evidentiary stage. US$ 38,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 36,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 39,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 37,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 35,000 Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 24,000 Subsidiary Court Description Status Estimated accrued loss contingency Compañía Industrial Cervecera S.A. (CICSA) Labur Court. Labor trial. Evidentiary stage. US$ 39,000 Compañía Industrial Cervecera S.A. (CICSA) Several Tax claims. Evidentiary stage. US$ 383,000 Saenz Briones & Cía S.A.I.C. Labur Court. Labor trial. Evidentiary stage. US$ 51,000 Saenz Briones & Cía S.A.I.C. Labur Court. Labor trial. Evidentiary stage. US$ 42,000 Saenz Briones & Cía S.A.I.C. Labur Court. Labor trial. Evidentiary stage. US$ 18,000 |
Disclosure of Finca La Celia guarantees [Text Block] | The loan obtained by the subsidiary CICSA in Argentina, as described in N ote 21- Other financial liabilities , is guaranteed by CCU S.A. through a stand- by unrestricted issued by Banco del Estado de Chile: Institution Amount Due date Banco de la Nación Argentina S.A. US$ 2,000,000 December 26, 2019 |
Disclosure of CICSA guarantees [Text Block] | The subsidiary Finca La Celia S.A. maintains financial debt with local banks in Argentina, guaranteed by VSPT through stand-by letters issued by Banco del Estado de Chile and they are within the financing policy framework approved by VSPT Board of Directors, according to the following detail: Institution Amount Due date Banco Santander Río US$ 500,000 June 30, 2019 Banco Macro US$ 600,000 June 30, 2019 Banco San Juan US$ 1,200,000 June 30, 2019 Banco BBVA Francés US$ 1,500,000 June 30, 2019 Banco Patagonia US$ 1,600,000 June 30, 2019 Banco Patagonia US$ 1,600,000 July 7, 2021 |
Environment (Tables)
Environment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure for environment related expense [Abstract] | |
Disclosure of detailed information about environment related expense [Text Block] | The main expenses of each year, detailed by project, are the following: For the years ended as of December 31, Company that made the disbursement Project Expenses 2018 2017 2016 ThCh ThCh ThCh Cervecera CCU Chile Ltda. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 1,232,585 1,388,954 1,319,489 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 752,615 641,683 666,781 Gases Management of atmospheric emissions. 36,581 16,687 21,655 Others Management of internal and external regulatory compliance. 241,295 236,910 233,364 CCU Argentina S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 879,730 930,683 820,999 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 501,979 527,248 560,710 Gases Management of atmospheric emissions. 10,000 8,925 21,847 Others Management of internal and external regulatory compliance. 101,691 201,726 141,379 Cervecería Kunstmann S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 138,901 98,614 86,515 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 49,692 36,292 40,150 Others Management of internal and external regulatory compliance. 46,123 37,623 45,876 Compañía Pisquera de Chile S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 205,743 207,922 237,994 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 59,239 55,341 43,059 Gases Management of atmospheric emissions 2,229 - - Others Management of internal and external regulatory compliance. 11,583 14,280 12,582 Transportes CCU Ltda. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 18,346 - 9,792 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 459,512 388,198 288,856 Gases Management of atmospheric emissions. 11,950 7,544 13,356 Others Management of internal and external regulatory compliance. 206,114 155,951 141,138 VSPT S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 395,845 417,134 454,828 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 87,132 202,204 165,697 Others Management of internal and external regulatory compliance. 183,360 21,916 10,916 Embotelladoras Chilenas Unidas S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 676,991 653,910 593,414 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 154,753 623,732 421,771 Gases Management of atmospheric emissions 12,193 16,400 14,305 Others Management of internal and external regulatory compliance. 110,952 119,226 156,295 Aguas CCU-Nestlé Chile S.A. IWWT Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). 50,354 19,453 35,550 SIR Solid waste (SIR) and hazardous waste (ResPel) management. 57,158 10,818 3,910 Gases Management of atmospheric emissions 270 400 - Others Management of internal and external regulatory compliance. 57,015 67,023 69,330 Fábrica de Envases Plásticos S.A. SIR Solid waste (SIR) and hazardous waste (ResPel) management. 198,890 175,805 129,487 Others Management of internal and external regulatory compliance. 17,323 21,973 21,410 |
Disclosure of information about disbursements investment environment related expense [Text Block] | The main disbursements (investment) of each year, detailed by project, are the following: As of December 31, 2018 Company that made the disbursement Project Concept Status [Finished, In process] Disbursements made Amount committed future periods Estimated Completion Date Disbursements ThCh ThCh Cervecera CCU Chile Ltda. IWWT IWWT Plant expansion (Screw) Temuco In process - 774 12-31-2019 IWWT Closed wastewater torch Quilicura In process 23,810 704 12-31-2019 IWWT Stage 1 IWWT Plant Temuco In process 21,646 53,433 12-31-2019 IWWT Replacement anaerobic reactor cells Temuco In process 102,513 20,651 12-31-2019 SIW Raw material and L1, L3 waste management Finished 46,500 - Finished Gases Change Fuel FO6 to GNL Temuco In process 2,576 3,362 12-31-2019 Gases Boiler 1 and 2 economizer In process 70,767 15,841 12-31-2019 Gases Thermal Plant Improvements Quilicura Finished 2,958 - Finished Gases Recover biogas from IWWT Plant 2 Temuco In process 64,840 48,018 12-31-2019 Gases Replacement boiler 2 to Low Nox Quilicura In process 840,385 96,105 12-31-2019 Others SEC Certification of Biogas' plant Quilicura In process 133,016 2,740 12-31-2019 Others DS 10 compliance Quilicura Finished 29,083 - Finished Others Sanitary Permits Compliance Quilicura In process 2,342 2,032 12-31-2019 Others Normalization to DS 78 Quilicura Finished 8,723 - Finished Others Ammonia tank protection Temuco Finished 3,221 - Finished Others New NH3 standard In process - 6,230 12-31-2019 Others Fire sensors Finished 39,141 - Finished Others DS 43 Hazardous substances In process 33,802 70,935 12-31-2019 CCU Argentina S.A. IWWT IWWT Stage 3 Salta In process 330,610 - 12-31-2019 IWWT Tanker EQ Lujan In process - 141 12-31-2019 Gases Boiler 1 Economizer Lujan In process 4,088 7,191 12-31-2019 Others Installation Modification NH3 Salta In process 27,152 70,229 12-31-2019 Cervecería Kunstmann S.A. IWWT New IWWT Plant – IC Technology In process 193,634 93,571 12-31-2019 SIW Biofilter of Earthworms In process 86,619 3 12-31-2019 Gases Thermal energy saving plan In process 24,656 8,094 12-31-2019 Gases Electric energy saving plan In process 7,953 7,763 12-31-2019 Others FEI, Plant Insurance normalization Finished 52,085 - Finished Cía. Pisquera de Chile S.A. IWWT IWWT Hydro Ejectors Montepatria Finished 41,925 - Finished IWWT Washing water treatment plant In process - 14,000 12-31-2019 IWWT Geo membrane HDPE replacement Finished 8,256 - Finished Gases Boiler 4 Ton/h Salamanca In process 312,841 10,771 12-31-2019 Others FEI Monte Patria In process 268,624 21,480 12-31-2019 Others Normative compliance de Coct Finished 4,040 - Finished Others DIA Salamanca Plant In process - 22,634 12-31-2019 VSPT S.A. IWWT IWWT adaptation Isla de Maipo Finished 1,989 - Finished IWWT Hydrocarbons separation tank Isla de Maipo In process - 627 12-31-2019 IWWT Sedimentation and accumulation IWWT Plant Isla de Maipo Finished 2,600 - Finished IWWT IWWT emergency pipe Finished 8,374 - Finished IWWT IWWT Plant Lighting Finished 1,937 - Finished Gases Insulation piping refrigeration / heating Molina Finished 14,860 - Finished Gases Insulation piping refrigeration Isla de Maipo Finished 6,233 - Finished Gases Power Meters Finished 510 - Finished Others Clousure of IWWT Finished 1,477 - Finished Others Container spill CIP-chemical products In process 9,429 2,561 12-31-2019 Others Sulfur Warehouse VI In process 5,880 1,010 12-31-2019 Others Fire incident workshop Isla de Maipo Finished 54,738 - Finished Embotelladoras Chilenas Unidas S.A. IWWT Plant improvement of wastewater In process 45,698 9,543 12-31-2019 IWWT Reverse osmosis plant water recovery Finished 6,000 - Finished IWWT Neutralization System IWWT Modelo In process 2,313 34,690 12-31-2019 Gases Offset NOX - NPX Finished 47,953 - Finished Gases Automatic Purges Boilers I Modelo In process 42,807 3,635 12-31-2019 Gases Condensate Recovery Finished 1,079 - Finished Others Chemical substances warehouse In process 8,400 28,371 12-31-2019 Others Certification steam networks, Antofagasta Finished 10,521 - Finished Others Normalization Cond. Santiago Plant Finished 4,601 - Finished Others New hazardous waste warehouse In process 16,659 3,502 12-31-2019 Others Authorization DS 10 In process 45,739 3,999 12-31-2019 Others Legal Regularization of tanks In process 57,188 3,105 12-31-2019 Others 2nd stage fire network Antofagasta In process 47,193 2,807 12-31-2019 Others Fire network In process 133,381 6,416 12-31-2019 Others Up grade ammonia system In process 58,209 9,389 12-31-2019 Aguas CCU-Nestlé S.A. IWWT IWWT Plant Coinco In process 427,153 60,942 12-31-2019 Others Flammable Warehouse Coinco Finished 95,685 - Finished Others Fire Brigade Equipment Finished 3,791 - Finished Fábrica de Envases Plásticos S.A. SIW Improvement in Waste Management In process - 2,921 12-31-2019 Gases Control of electrical variables In process - 50 12-31-2019 Others Bottle cap Plant Chiller In process 148,558 45,465 12-31-2019 Others RE 43 compliance Finished 17,043 - Finished Others Fire network improvement In process 144,145 34,339 12-31-2019 |
General Information (Details)
General Information (Details) | Dec. 31, 2018Number |
Number of employees | 8,797 |
Senior Executives [Member] | |
Number of employees | 14 |
Managers and Deputy Managers [Member] | |
Number of employees | 420 |
Other workers [Member] | |
Number of employees | 8,363 |
Parent [Member] | |
Number of employees | 372 |
Parent [Member] | Senior Executives [Member] | |
Number of employees | 10 |
Parent [Member] | Managers and Deputy Managers [Member] | |
Number of employees | 79 |
Parent [Member] | Other workers [Member] | |
Number of employees | 283 |
General Information (Details 1)
General Information (Details 1) | 12 Months Ended | |
Dec. 31, 2018 | ||
Adrenaline, Adrenaline Rush [Member] | ||
License Validity Date | February 2028 | [1] |
Amstel In Argentina [Member] | ||
License Validity Date | July 2022 | [2] |
Austral In Chile [Member] | ||
License Validity Date | July 2020 | [3] |
Blue Moon In Chile [Member] | ||
License Validity Date | December 2021 | [4] |
Coors In Chile [Member] | ||
License Validity Date | December 2025 | [5] |
Coors in Colombia [Member] | ||
License Validity Date | December 2020 | [6] |
Crush, Canada Dry in Chile [Member] | ||
License Validity Date | December 2023 | [7] |
Frugo in Chile [Member] | ||
License Validity Date | Indefinitely | |
Gatorade in Chile [Member] | ||
License Validity Date | December 2043 | [1] |
Grolsch in Argentina [Member] | ||
License Validity Date | May 2028 | [8] |
Heineken In Bolivia [Member] | ||
License Validity Date | December 2024 | [9] |
Heineken in Paraguay [Member] | ||
License Validity Date | May 2023 | [7] |
Heineken In Chile, Argentina and Uruguay [Member] | ||
License Validity Date | 10 years renewables | [10] |
Heineken in Colombia [Member] | ||
License Validity Date | March 2028 | [11] |
Miller in Argentina [Member] | ||
License Validity Date | December 2026 | [11] |
Miller and Miller Genuine Draft in Colombia [Member] | ||
License Validity Date | December 2026 | [12] |
Nestle Pure Life in Chile [Member] | ||
License Validity Date | December 2022 | [7] |
Paulaner in Paraguay [Member] | ||
License Validity Date | April 2019 | |
Pepsi, Seven Up and Mirinda in Chile [Member] | ||
License Validity Date | December 2043 | |
Red Bull in Chile [Member] | ||
License Validity Date | Indefinitely | [13] |
Schneider in Paraguay [Member] | ||
License Validity Date | May 2023 | |
Sol in Chile and Argentina [Member] | ||
License Validity Date | 10 years renewables | [10] |
Sol in Colombia [Member] | ||
License Validity Date | March 2028 | [14] |
Sol in Paraguay [Member] | ||
License Validity Date | January 2023 | [9] |
Te Lipton in Chile [Member] | ||
License Validity Date | March 2020 | [9] |
Tecate in Colombia [Member] | ||
License Validity Date | March 2028 | [14] |
Warsteiner para Argentina [Member] | ||
License Validity Date | May 2028 | [15] |
Watt's in Chile [Member] | ||
License Validity Date | Indefinitely | |
Watt's in Paraguay [Member] | ||
License Validity Date | July 2026 | [16] |
Watt's in Uruguay [Member] | ||
License Validity Date | 99 years | [10] |
License Brand Name [Member] | ||
License Validity Date | June 2019 | [17] |
[1] | License was renewed for a period equal to the duration of the Shareholders Agreement of Bebidas CCU-PepsiCo SpA. | |
[2] | After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given. | |
[3] | Renewable for periods of two years, subject to the compliance of the contract conditions. | |
[4] | If Renewal criteria have benn satisfied, renewable through December, 2025, thereafter shall automatically renew every year for a new term of 5 years (Rolling Contract). | |
[5] | After the initial termination date, license is automatically renewed under the same conditions (Rolling Contract), each year for a period of 5 years, subject to the compliance of the contract conditions. | |
[6] | License renewable for one period of 5 years, subject to the compliance of the contract conditions. | |
[7] | License renewable for periods of 5 years, subject to the compliance of the contract conditions. | |
[8] | Till May, 2019, it shall be produced on behalf of CICSA by Cervecería Argentina SA Isenbeck and sold by Cervecería and Maltería Quilmes S.A. | |
[9] | License for 10 years, automatically renewable for periods of 5 years, unless notice of non-renewal. | |
[10] | License for 10 years, automatically renewable on the same terms (Rolling Contract), each year for a period of 10 years, unless notice of non-renewal is given. | |
[11] | After the initial termination date, License is automatically renewable each year for a period of 5 years (Rolling Contract), unless notice of non-renewal is given. | |
[12] | Distribution will begin in April 2017 and the begin of local production is estimated by October 2019. | |
[13] | Indefinite contract, notice of termination 6 months in advance. | |
[14] | The contract will remain in effect as long as the Heineken license agreeemente for Colombia remains in force. | |
[15] | Till May, 2019, it shall be produced on behalf of CICSA by Cervecería Argentina SA Isenbeck and sold by Cervecería and Maltería Quilmes S.A. Prior to the expirty of its term, Parties shall negociate its continuity for five (5) more years. | |
[16] | Sub-license is renewed automatically and successively for two periods of 5 years each, subject to the terms and conditions stipulated in the International Sub-license agreement of December 28, 2018 between Promarca Internacional Paraguay S.R.L. and Bebidas del Paraguay S.A. | |
[17] | Renewable for periods of 3 years. |
General Information (Details 2)
General Information (Details 2) | 1 Months Ended | 12 Months Ended | |||||
Jun. 30, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | ||||||
Subsidiary Tax ID | [1] | 0-E | |||||
Country of incorporation of subsidiary | [1] | Paraguay | |||||
Description of functional currency | [2] | CLP | CLP | ||||
Proportion of ownership interest in subsidiary | [1] | 49.9589% | 49.9589% | ||||
Aguas CCU-Nestle Chile S.A. [Member] | |||||||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | Aguas CCU-Nestlé S.A. | |||||
Subsidiary Tax ID | 76,007,212-5 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 50.0917% | 50.0917% | |||||
Cervecera Guayacan SpA. [Member] | |||||||
Name of subsidiary | [3] | Cervecera Guayacán SpA. (***) (13) | |||||
Subsidiary Tax ID | [3] | 76,035,409-0 | |||||
Country of incorporation of subsidiary | [3] | Chile | |||||
Description of functional currency | [3] | Chilean Pesos | |||||
Proportion of ownership interest in subsidiary | [3] | 25.0006% | 0.00% | ||||
CRECCU S.A. [Member] | |||||||
Name of subsidiary | CRECCU S.A. | ||||||
Subsidiary Tax ID | 76,041,227-9 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |||||
Cerveceria Belga de la Patagonia S.A. [Member] | |||||||
Name of subsidiary | [3] | Cervecería Belga de la Patagonia S.A. (***) | |||||
Subsidiary Tax ID | [3] | 76,077,848-6 | |||||
Country of incorporation of subsidiary | [3] | Chile | |||||
Description of functional currency | [3] | Chilean Pesos | |||||
Proportion of ownership interest in subsidiary | [3] | 25.5034% | 25.5034% | ||||
Inversiones Invex CCU Dos Ltda. [Member] | |||||||
Name of subsidiary | Inversiones Invex CCU Dos Ltda. | ||||||
Subsidiary Tax ID | 76,126,311-0 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |||||
Inversiones Invex CCU Tres Ltda. [Member] | |||||||
Name of subsidiary | Inversiones Invex CCU Tres Ltda. (8) | ||||||
Subsidiary Tax ID | 76,248,389-0 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |||||
Bebidas CCU-PepsiCo SpA [Member] | |||||||
Name of subsidiary | [3] | Bebidas CCU-PepsiCo SpA. (***) | |||||
Subsidiary Tax ID | [3] | 76,337,371-1 | |||||
Country of incorporation of subsidiary | [3] | Chile | |||||
Description of functional currency | [3] | Chilean Pesos | |||||
Proportion of ownership interest in subsidiary | [3] | 49.9888% | 49.9866% | ||||
CCU Inversiones II Ltda. [Member] | |||||||
Name of subsidiary | CCU Inversiones II Ltda. (16) | ||||||
Subsidiary Tax ID | 76,349,531-0 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | US Dollar | ||||||
Proportion of ownership interest in subsidiary | 100.00% | 99.9999% | |||||
Bebidas Carozzi CCU SpA. [Member] | |||||||
Name of subsidiary | [3] | Bebidas Carozzi CCU SpA. (***) | |||||
Subsidiary Tax ID | [3] | 76,497,609-6 | |||||
Country of incorporation of subsidiary | [3] | Chile | |||||
Description of functional currency | [3] | Chilean Pesos | |||||
Proportion of ownership interest in subsidiary | [3] | 49.9917% | 49.9917% | ||||
Bebidas Ecusa SpA. [Member] | |||||||
Name of subsidiary | Bebidas Ecusa SpA. | ||||||
Subsidiary Tax ID | 76,517,798-7 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9834% | 99.9834% | |||||
Promarca Internacional SpA [Member] | |||||||
Name of subsidiary | [3] | Promarca Internacional SpA. (***) | |||||
Subsidiary Tax ID | [3] | 76,574,762-7 | |||||
Country of incorporation of subsidiary | [3] | Chile | |||||
Description of functional currency | [3] | US Dollar | |||||
Proportion of ownership interest in subsidiary | 100.00% | 49.9917% | [3] | 49.9917% | [3] | ||
CCU Inversiones S.A [Member] | |||||||
Name of subsidiary | CCU Inversiones S.A. (10) | ||||||
Subsidiary Tax ID | 76,593,550-4 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.7775% | 99.9733% | |||||
Inversiones Internacionales SpA. [Member] | |||||||
Name of subsidiary | Inversiones Internacionales SpA. | ||||||
Subsidiary Tax ID | 76,688,727-9 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | US Dollar | ||||||
Proportion of ownership interest in subsidiary | 80.00% | 80.00% | |||||
New Ecusa S.A. [Member] | |||||||
Name of subsidiary | New Ecusa S.A. | ||||||
Subsidiary Tax ID | 76,718,230-9 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9834% | 99.9834% | |||||
Promarca S.A. [Member] | |||||||
Name of subsidiary | [3] | Promarca S.A. (***) | |||||
Subsidiary Tax ID | [3] | 76,736,010-K | |||||
Country of incorporation of subsidiary | [3] | Chile | |||||
Description of functional currency | [3] | Chilean Pesos | |||||
Proportion of ownership interest in subsidiary | [3] | 49.9917% | 49.9917% | ||||
CCU Inversiones lll SpA [Member] | |||||||
Name of subsidiary | CCU Inversiones III SpA. (14) | ||||||
Subsidiary Tax ID | 76,933,685-0 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | US Dollar | ||||||
Proportion of ownership interest in subsidiary | 99.995% | 0.00% | |||||
Vending y Servicios CCU Ltda. [Member] | |||||||
Name of subsidiary | Vending y Servicios CCU Ltda. | ||||||
Subsidiary Tax ID | 77,736,670-K | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9779% | 99.9738% | |||||
Inversiones Invex CCU Ltda. [Member] | |||||||
Name of subsidiary | Inversiones Invex CCU Ltda. | ||||||
Subsidiary Tax ID | 78,418,890-6 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | US Dollar | ||||||
Proportion of ownership interest in subsidiary | 99.992% | 99.9905% | |||||
Transportes CCU Ltda. [Member] | |||||||
Name of subsidiary | Transportes CCU Ltda. | ||||||
Subsidiary Tax ID | 79,862,750-3 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |||||
Fabrica de Envases Plasticos S.A. [Member] | |||||||
Name of subsidiary | Fábrica de Envases Plásticos S.A. | Fábrica de Envases Plásticos S.A. | |||||
Subsidiary Tax ID | 86,150,200-7 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9966% | 99.9966% | |||||
Millahue S.A. [Member] | |||||||
Name of subsidiary | Millahue S.A. | ||||||
Subsidiary Tax ID | 91,022,000-4 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9621% | 99.9621% | |||||
Vina San Pedro Tarapaca S.A [Member] | |||||||
Name of subsidiary | Viña San Pedro Tarapacá S.A. (*) (10) | [4] | VSPT S.A. | ||||
Subsidiary Tax ID | [4] | 91,041,000-8 | |||||
Country of incorporation of subsidiary | [4] | Chile | |||||
Description of functional currency | [4] | Chilean Pesos | |||||
Proportion of ownership interest in subsidiary | [4] | 82.987% | 67.1992% | ||||
Manantial S.A. [Member] | |||||||
Name of subsidiary | Manantial S.A. (2) | ||||||
Subsidiary Tax ID | 96,711,590-8 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 50.5507% | 50.5507% | |||||
Vina Altair SpA. [Member] | |||||||
Name of subsidiary | Viña Altaïr SpA. (6) | ||||||
Subsidiary Tax ID | 96,969,180-9 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 82.987% | 67.1992% | |||||
Cerveceria Kunstmann S.A. [Member] | |||||||
Name of subsidiary | Cervecería Kunstmann S.A. | Cervecería Kunstmann S.A. | |||||
Subsidiary Tax ID | 96,981,310-6 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 50.0007% | 50.0007% | |||||
Cervecera CCU Chile Ltda. [Member] | |||||||
Name of subsidiary | Cervecera CCU Chile Ltda. | Cervecera CCU Chile Ltda. | |||||
Subsidiary Tax ID | 96,989,120-4 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9999% | 99.9999% | |||||
Embotelladoras Chilenas Unaidas [Member] | |||||||
Name of subsidiary | Embotelladoras Chilenas Unidas S.A. | ||||||
Subsidiary Tax ID | 99,501,760-1 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9834% | 99.9834% | |||||
Vina Valles de Chile S.A. [Member] | |||||||
Name of subsidiary | Viña Valles de Chile S.A. | ||||||
Subsidiary Tax ID | 99,531,920-9 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 82.987% | 67.1992% | |||||
Comercial CCU S.A. [Member] | |||||||
Name of subsidiary | Comercial CCU S.A. | ||||||
Subsidiary Tax ID | 99,554,560-8 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9888% | 99.9866% | |||||
Viña Orgánica SPT S.A. [Member] | |||||||
Name of subsidiary | Viña Orgánica SPT S.A. (11) | ||||||
Subsidiary Tax ID | 99,568,350-4 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 0.00% | 67.1992% | |||||
Compania Pisquera de Chile SA [Member] | |||||||
Name of subsidiary | Compañía Pisquera de Chile S.A. | Compañía Pisquera de Chile S.A. | |||||
Subsidiary Tax ID | 99,586,280-8 | ||||||
Country of incorporation of subsidiary | Chile | ||||||
Description of functional currency | Chilean Pesos | ||||||
Proportion of ownership interest in subsidiary | 80.00% | 80.00% | |||||
Andina de Desarrollo S.A. [Member] | |||||||
Name of subsidiary | Andina de Desarrollo SACFAIMM | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Argentina | ||||||
Description of functional currency | Argentine Pesos | ||||||
Proportion of ownership interest in subsidiary | 59.1971% | 59.197% | |||||
Cia. Cervecerias Unidas Argentina S.A. [Member] | |||||||
Name of subsidiary | Cía. Cervecerías Unidas Argentina S.A. (9) | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Argentina | ||||||
Description of functional currency | Argentine Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9936% | 99.9924% | |||||
Compania Industrial Cervecera S.A. [Member] | |||||||
Name of subsidiary | Compañía Industrial Cervecera S.A. (1) | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Argentina | ||||||
Description of functional currency | Argentine Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.995% | 99.9949% | |||||
Finca Eugenio Bustos S.A. [Member] | |||||||
Name of subsidiary | Finca Eugenio Bustos S.A. (4) | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Argentina | ||||||
Description of functional currency | Argentine Pesos | ||||||
Proportion of ownership interest in subsidiary | 0.00% | 67.1992% | |||||
Finca La Celia S.A. [Member] | |||||||
Name of subsidiary | Finca La Celia S.A. | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Argentina | ||||||
Description of functional currency | Argentine Pesos | ||||||
Proportion of ownership interest in subsidiary | 82.987% | 67.1992% | |||||
Los Huemules S.R.L. [Member] | |||||||
Name of subsidiary | Los Huemules S.R.L. | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Argentina | ||||||
Description of functional currency | Argentine Pesos | ||||||
Proportion of ownership interest in subsidiary | 74.9979% | 74.9979% | |||||
Saenz Briones y Cia. S.A.I.C. [Member] | |||||||
Name of subsidiary | Sáenz Briones y Cía. S.A.I.C. | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Argentina | ||||||
Description of functional currency | Argentine Pesos | ||||||
Proportion of ownership interest in subsidiary | 89.915% | 89.915% | |||||
Bebidas Bolivianas BBO S.A. [Member] | |||||||
Name of subsidiary | Bebidas Bolivianas BBO S.A. (12) | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Bolivia | ||||||
Description of functional currency | Bolivians | ||||||
Proportion of ownership interest in subsidiary | 51.00% | 0.00% | |||||
International Spirits Investments USA LLCC [Member] | |||||||
Name of subsidiary | International Spirits Investments USA LLC (7) | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | United States | ||||||
Description of functional currency | US Dollar | ||||||
Proportion of ownership interest in subsidiary | 80.00% | 80.00% | |||||
Inversiones CCU Lux S rl [Member] | |||||||
Name of subsidiary | Inversiones CCU Lux S.à r.l. (15) | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Luxemburgo | ||||||
Description of functional currency | US Dollar | ||||||
Proportion of ownership interest in subsidiary | 99.9999% | 0.00% | |||||
Southern Breweries Limited [Member] | |||||||
Name of subsidiary | Southern Breweries C.S.C. (3) | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Luxemburgo | ||||||
Description of functional currency | US Dollar | ||||||
Proportion of ownership interest in subsidiary | 99.9951% | 99.9942% | |||||
Bebidas del Paraguay S.A [Member] | |||||||
Name of subsidiary | [1] | Bebidas del Paraguay S.A. (5) (**) | |||||
Subsidiary Tax ID | [1] | 0-E | |||||
Country of incorporation of subsidiary | [1] | Paraguay | |||||
Description of functional currency | [1] | Paraguayan Guaranies | |||||
Proportion of ownership interest in subsidiary | [1] | 50.0049% | 50.0049% | ||||
Distribuidora del Paraguay S.A. [Member] | |||||||
Name of subsidiary | [1] | Distribuidora del Paraguay S.A. (**) | |||||
Subsidiary Tax ID | [1] | 0-E | |||||
Country of incorporation of subsidiary | [1] | Paraguay | |||||
Description of functional currency | [1] | Paraguayan Guaranies | |||||
Proportion of ownership interest in subsidiary | [1] | 49.9589% | 49.9589% | ||||
Sajonia Brewing Company S.R.L [Member] | |||||||
Name of subsidiary | [3] | Sajonia Brewing Company S.R.L. (5) (***) | |||||
Subsidiary Tax ID | [3] | 0-E | |||||
Country of incorporation of subsidiary | [3] | Paraguay | |||||
Description of functional currency | [3] | Paraguayan Guaranies | |||||
Proportion of ownership interest in subsidiary | [3] | 25.5025% | 25.5025% | ||||
Andrimar S.A. [Member] | |||||||
Name of subsidiary | Andrimar S.A. | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Uruguay | ||||||
Description of functional currency | Uruguayan Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9999% | 99.9999% | |||||
Coralina S.A. [Member] | |||||||
Name of subsidiary | Coralina S.A. | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Uruguay | ||||||
Description of functional currency | Uruguayan Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9999% | 99.9999% | |||||
Marzurel S.A. [Member] | |||||||
Name of subsidiary | Marzurel S.A. | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Uruguay | ||||||
Description of functional currency | Uruguayan Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9999% | 99.9999% | |||||
Milotur S.A. [Member] | |||||||
Name of subsidiary | Milotur S.A. | ||||||
Subsidiary Tax ID | 0-E | ||||||
Country of incorporation of subsidiary | Uruguay | ||||||
Description of functional currency | Uruguayan Pesos | ||||||
Proportion of ownership interest in subsidiary | 99.9999% | 99.9999% | |||||
Direct Ownership [Member] | Aguas CCU-Nestle Chile S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Cervecera Guayacan SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 0.00% | |||||
Direct Ownership [Member] | CRECCU S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9602% | ||||||
Direct Ownership [Member] | Cerveceria Belga de la Patagonia S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 0.00% | |||||
Direct Ownership [Member] | Inversiones Invex CCU Dos Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.8516% | ||||||
Direct Ownership [Member] | Inversiones Invex CCU Tres Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9999% | ||||||
Direct Ownership [Member] | Bebidas CCU-PepsiCo SpA [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 0.00% | |||||
Direct Ownership [Member] | CCU Inversiones II Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.7133% | ||||||
Direct Ownership [Member] | Bebidas Carozzi CCU SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 0.00% | |||||
Direct Ownership [Member] | Bebidas Ecusa SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Promarca Internacional SpA [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 0.00% | |||||
Direct Ownership [Member] | CCU Inversiones S.A [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.0242% | ||||||
Direct Ownership [Member] | Inversiones Internacionales SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | New Ecusa S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Promarca S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 0.00% | |||||
Direct Ownership [Member] | CCU Inversiones lll SpA [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Vending y Servicios CCU Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Inversiones Invex CCU Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 6.7979% | ||||||
Direct Ownership [Member] | Transportes CCU Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 98.00% | ||||||
Direct Ownership [Member] | Fabrica de Envases Plasticos S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 90.91% | ||||||
Direct Ownership [Member] | Millahue S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9621% | ||||||
Direct Ownership [Member] | Vina San Pedro Tarapaca S.A [Member] | |||||||
Proportion of ownership interest in subsidiary | [4] | 0.00% | |||||
Direct Ownership [Member] | Manantial S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Vina Altair SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Cerveceria Kunstmann S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 50.0007% | ||||||
Direct Ownership [Member] | Cervecera CCU Chile Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.75% | ||||||
Direct Ownership [Member] | Embotelladoras Chilenas Unaidas [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.067% | ||||||
Direct Ownership [Member] | Vina Valles de Chile S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Comercial CCU S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 50.00% | ||||||
Direct Ownership [Member] | Viña Orgánica SPT S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Compania Pisquera de Chile SA [Member] | |||||||
Proportion of ownership interest in subsidiary | 46.00% | ||||||
Direct Ownership [Member] | Andina de Desarrollo S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Cia. Cervecerias Unidas Argentina S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Compania Industrial Cervecera S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Finca Eugenio Bustos S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Finca La Celia S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Los Huemules S.R.L. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Saenz Briones y Cia. S.A.I.C. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Bebidas Bolivianas BBO S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | International Spirits Investments USA LLCC [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Inversiones CCU Lux S rl [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Southern Breweries Limited [Member] | |||||||
Proportion of ownership interest in subsidiary | 37.781% | ||||||
Direct Ownership [Member] | Bebidas del Paraguay S.A [Member] | |||||||
Proportion of ownership interest in subsidiary | [1] | 0.00% | |||||
Direct Ownership [Member] | Distribuidora del Paraguay S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | [1] | 0.00% | |||||
Direct Ownership [Member] | Sajonia Brewing Company S.R.L [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 0.00% | |||||
Direct Ownership [Member] | Andrimar S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Coralina S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Marzurel S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Direct Ownership [Member] | Milotur S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Indirect Ownership [Member] | Aguas CCU-Nestle Chile S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 50.0917% | ||||||
Indirect Ownership [Member] | Cervecera Guayacan SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 25.0006% | |||||
Indirect Ownership [Member] | CRECCU S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.0398% | ||||||
Indirect Ownership [Member] | Cerveceria Belga de la Patagonia S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 25.5034% | |||||
Indirect Ownership [Member] | Inversiones Invex CCU Dos Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.1484% | ||||||
Indirect Ownership [Member] | Inversiones Invex CCU Tres Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.0001% | ||||||
Indirect Ownership [Member] | Bebidas CCU-PepsiCo SpA [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 49.9888% | |||||
Indirect Ownership [Member] | CCU Inversiones II Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.2867% | ||||||
Indirect Ownership [Member] | Bebidas Carozzi CCU SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 49.9917% | |||||
Indirect Ownership [Member] | Bebidas Ecusa SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9834% | ||||||
Indirect Ownership [Member] | Promarca Internacional SpA [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 49.9917% | |||||
Indirect Ownership [Member] | CCU Inversiones S.A [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.7533% | ||||||
Indirect Ownership [Member] | Inversiones Internacionales SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | 80.00% | ||||||
Indirect Ownership [Member] | New Ecusa S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9834% | ||||||
Indirect Ownership [Member] | Promarca S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 49.9917% | |||||
Indirect Ownership [Member] | CCU Inversiones lll SpA [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.995% | ||||||
Indirect Ownership [Member] | Vending y Servicios CCU Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9779% | ||||||
Indirect Ownership [Member] | Inversiones Invex CCU Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 93.1941% | ||||||
Indirect Ownership [Member] | Transportes CCU Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 2.00% | ||||||
Indirect Ownership [Member] | Fabrica de Envases Plasticos S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 9.0866% | ||||||
Indirect Ownership [Member] | Millahue S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Indirect Ownership [Member] | Vina San Pedro Tarapaca S.A [Member] | |||||||
Proportion of ownership interest in subsidiary | [4] | 82.987% | |||||
Indirect Ownership [Member] | Manantial S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 50.5507% | ||||||
Indirect Ownership [Member] | Vina Altair SpA. [Member] | |||||||
Proportion of ownership interest in subsidiary | 82.987% | ||||||
Indirect Ownership [Member] | Cerveceria Kunstmann S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Indirect Ownership [Member] | Cervecera CCU Chile Ltda. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.2499% | ||||||
Indirect Ownership [Member] | Embotelladoras Chilenas Unaidas [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.9164% | ||||||
Indirect Ownership [Member] | Vina Valles de Chile S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 82.987% | ||||||
Indirect Ownership [Member] | Comercial CCU S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 49.9888% | ||||||
Indirect Ownership [Member] | Viña Orgánica SPT S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Indirect Ownership [Member] | Compania Pisquera de Chile SA [Member] | |||||||
Proportion of ownership interest in subsidiary | 34.00% | ||||||
Indirect Ownership [Member] | Andina de Desarrollo S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 59.1971% | ||||||
Indirect Ownership [Member] | Cia. Cervecerias Unidas Argentina S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9936% | ||||||
Indirect Ownership [Member] | Compania Industrial Cervecera S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.995% | ||||||
Indirect Ownership [Member] | Finca Eugenio Bustos S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 0.00% | ||||||
Indirect Ownership [Member] | Finca La Celia S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 82.987% | ||||||
Indirect Ownership [Member] | Los Huemules S.R.L. [Member] | |||||||
Proportion of ownership interest in subsidiary | 74.9979% | ||||||
Indirect Ownership [Member] | Saenz Briones y Cia. S.A.I.C. [Member] | |||||||
Proportion of ownership interest in subsidiary | 89.915% | ||||||
Indirect Ownership [Member] | Bebidas Bolivianas BBO S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 51.00% | ||||||
Indirect Ownership [Member] | International Spirits Investments USA LLCC [Member] | |||||||
Proportion of ownership interest in subsidiary | 80.00% | ||||||
Indirect Ownership [Member] | Inversiones CCU Lux S rl [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9999% | ||||||
Indirect Ownership [Member] | Southern Breweries Limited [Member] | |||||||
Proportion of ownership interest in subsidiary | 62.2141% | ||||||
Indirect Ownership [Member] | Bebidas del Paraguay S.A [Member] | |||||||
Proportion of ownership interest in subsidiary | [1] | 50.0049% | |||||
Indirect Ownership [Member] | Distribuidora del Paraguay S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | [1] | 49.9589% | |||||
Indirect Ownership [Member] | Sajonia Brewing Company S.R.L [Member] | |||||||
Proportion of ownership interest in subsidiary | [3] | 25.5025% | |||||
Indirect Ownership [Member] | Andrimar S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9999% | ||||||
Indirect Ownership [Member] | Coralina S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9999% | ||||||
Indirect Ownership [Member] | Marzurel S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9999% | ||||||
Indirect Ownership [Member] | Milotur S.A. [Member] | |||||||
Proportion of ownership interest in subsidiary | 99.9999% | ||||||
[1] | See Note 1 – General Information, letter E), Subsidiaries with direct or indirect participation of less than 50% | ||||||
[2] | All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. | ||||||
[3] | Subsidiaries in which we have an interest of more or equal than 50% through one or more subsidiaries of the Company. | ||||||
[4] | Listed company in Chile. |
General Information (Details 3)
General Information (Details 3) | 1 Months Ended | 12 Months Ended | ||||
Jan. 29, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | |||||
Subsidiary Tax ID | [1] | 0-E | ||||
Country of incorporation of subsidiary | [1] | Paraguay | ||||
Description of functional currency | [2] | CLP | CLP | |||
Aguas CCU-Nestle Chile S.A. [Member] | ||||||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | Aguas CCU-Nestlé S.A. | ||||
Subsidiary Tax ID | 76,007,212-5 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 50.0917% | 50.0917% | ||||
Cervecera Guayacan SpA. [Member] | ||||||
Name of subsidiary | [3] | Cervecera Guayacán SpA. (***) (13) | ||||
Subsidiary Tax ID | [3] | 76,035,409-0 | ||||
Country of incorporation of subsidiary | [3] | Chile | ||||
Description of functional currency | [3] | Chilean Pesos | ||||
Proportion of voting rights held in subsidiary | [3] | 25.0006% | 0.00% | |||
CRECCU S.A. [Member] | ||||||
Name of subsidiary | CRECCU S.A. | |||||
Subsidiary Tax ID | 76,041,227-9 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Cerveceria Belga de la Patagonia S.A. [Member] | ||||||
Name of subsidiary | [3] | Cervecería Belga de la Patagonia S.A. (***) | ||||
Subsidiary Tax ID | [3] | 76,077,848-6 | ||||
Country of incorporation of subsidiary | [3] | Chile | ||||
Description of functional currency | [3] | Chilean Pesos | ||||
Proportion of voting rights held in subsidiary | [3] | 25.5034% | 25.5034% | |||
Inversiones Invex CCU Dos Ltda. [Member] | ||||||
Name of subsidiary | Inversiones Invex CCU Dos Ltda. | |||||
Subsidiary Tax ID | 76,126,311-0 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Inversiones Invex CCU Tres Ltda. [Member] | ||||||
Name of subsidiary | Inversiones Invex CCU Tres Ltda. (8) | |||||
Subsidiary Tax ID | 76,248,389-0 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Bebidas CCU-PepsiCo SpA [Member] | ||||||
Name of subsidiary | [3] | Bebidas CCU-PepsiCo SpA. (***) | ||||
Subsidiary Tax ID | [3] | 76,337,371-1 | ||||
Country of incorporation of subsidiary | [3] | Chile | ||||
Description of functional currency | [3] | Chilean Pesos | ||||
Proportion of voting rights held in subsidiary | [3] | 49.9888% | 49.9866% | |||
CCU Inversiones II Ltda. [Member] | ||||||
Name of subsidiary | CCU Inversiones II Ltda. (16) | |||||
Subsidiary Tax ID | 76,349,531-0 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | US Dollar | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Bebidas Carozzi CCU SpA. [Member] | ||||||
Name of subsidiary | [3] | Bebidas Carozzi CCU SpA. (***) | ||||
Subsidiary Tax ID | [3] | 76,497,609-6 | ||||
Country of incorporation of subsidiary | [3] | Chile | ||||
Description of functional currency | [3] | Chilean Pesos | ||||
Proportion of voting rights held in subsidiary | [3] | 49.9917% | 49.9917% | |||
Bebidas Ecusa SpA. [Member] | ||||||
Name of subsidiary | Bebidas Ecusa SpA. | |||||
Subsidiary Tax ID | 76,517,798-7 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9834% | 99.9834% | ||||
Promarca Internacional SpA [Member] | ||||||
Name of subsidiary | [3] | Promarca Internacional SpA. (***) | ||||
Subsidiary Tax ID | [3] | 76,574,762-7 | ||||
Country of incorporation of subsidiary | [3] | Chile | ||||
Description of functional currency | [3] | US Dollar | ||||
Proportion of voting rights held in subsidiary | [3] | 49.9917% | 49.9917% | |||
CCU Inversiones S.A [Member] | ||||||
Name of subsidiary | CCU Inversiones S.A. (10) | |||||
Subsidiary Tax ID | 76,593,550-4 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 99.02% | 99.7775% | 99.9733% | |||
Inversiones Internacionales SpA. [Member] | ||||||
Name of subsidiary | Inversiones Internacionales SpA. | |||||
Subsidiary Tax ID | 76,688,727-9 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | US Dollar | |||||
Proportion of voting rights held in subsidiary | 80.00% | 80.00% | ||||
New Ecusa S.A. [Member] | ||||||
Name of subsidiary | New Ecusa S.A. | |||||
Subsidiary Tax ID | 76,718,230-9 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9834% | 99.9834% | ||||
Promarca S.A. [Member] | ||||||
Name of subsidiary | [3] | Promarca S.A. (***) | ||||
Subsidiary Tax ID | [3] | 76,736,010-K | ||||
Country of incorporation of subsidiary | [3] | Chile | ||||
Description of functional currency | [3] | Chilean Pesos | ||||
Proportion of voting rights held in subsidiary | [3] | 49.9917% | 49.9917% | |||
CCU Inversiones lll SpA [Member] | ||||||
Name of subsidiary | CCU Inversiones III SpA. (14) | |||||
Subsidiary Tax ID | 76,933,685-0 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | US Dollar | |||||
Proportion of voting rights held in subsidiary | 100.00% | 0.00% | ||||
Vending y Servicios CCU Ltda. [Member] | ||||||
Name of subsidiary | Vending y Servicios CCU Ltda. | |||||
Subsidiary Tax ID | 77,736,670-K | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9779% | 99.9738% | ||||
Inversiones Invex CCU Ltda. [Member] | ||||||
Name of subsidiary | Inversiones Invex CCU Ltda. | |||||
Subsidiary Tax ID | 78,418,890-6 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | US Dollar | |||||
Proportion of voting rights held in subsidiary | 99.992% | 99.9905% | ||||
Transportes CCU Ltda. [Member] | ||||||
Name of subsidiary | Transportes CCU Ltda. | |||||
Subsidiary Tax ID | 79,862,750-3 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Fabrica de Envases Plasticos S.A. [Member] | ||||||
Name of subsidiary | Fábrica de Envases Plásticos S.A. | Fábrica de Envases Plásticos S.A. | ||||
Subsidiary Tax ID | 86,150,200-7 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Millahue S.A. [Member] | ||||||
Name of subsidiary | Millahue S.A. | |||||
Subsidiary Tax ID | 91,022,000-4 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9621% | 99.9621% | ||||
Vina San Pedro Tarapaca S.A [Member] | ||||||
Name of subsidiary | Viña San Pedro Tarapacá S.A. (*) (10) | [4] | VSPT S.A. | |||
Subsidiary Tax ID | [4] | 91,041,000-8 | ||||
Country of incorporation of subsidiary | [4] | Chile | ||||
Description of functional currency | [4] | Chilean Pesos | ||||
Proportion of voting rights held in subsidiary | [4] | 82.987% | 67.1992% | |||
Manantial S.A. [Member] | ||||||
Name of subsidiary | Manantial S.A. (2) | |||||
Subsidiary Tax ID | 96,711,590-8 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 50.5507% | 50.5507% | ||||
Vina Altair SpA. [Member] | ||||||
Name of subsidiary | Viña Altaïr SpA. (6) | |||||
Subsidiary Tax ID | 96,969,180-9 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 82.987% | 67.1992% | ||||
Cerveceria Kunstmann S.A. [Member] | ||||||
Name of subsidiary | Cervecería Kunstmann S.A. | Cervecería Kunstmann S.A. | ||||
Subsidiary Tax ID | 96,981,310-6 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 50.0007% | 50.0007% | ||||
Cervecera CCU Chile Ltda. [Member] | ||||||
Name of subsidiary | Cervecera CCU Chile Ltda. | Cervecera CCU Chile Ltda. | ||||
Subsidiary Tax ID | 96,989,120-4 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Embotelladoras Chilenas Unidas S.A. [Member] | ||||||
Name of subsidiary | Embotelladoras Chilenas Unidas S.A. | Embotelladoras Chilenas Unidas S.A. | ||||
Subsidiary Tax ID | 99,501,760-1 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9834% | 99.9834% | ||||
Vina Valles de Chile S.A. [Member] | ||||||
Name of subsidiary | Viña Valles de Chile S.A. | |||||
Subsidiary Tax ID | 99,531,920-9 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 82.987% | 67.1992% | ||||
Comercial CCU S.A. [Member] | ||||||
Name of subsidiary | Comercial CCU S.A. | |||||
Subsidiary Tax ID | 99,554,560-8 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Viña Orgánica SPT S.A. [Member] | ||||||
Name of subsidiary | Viña Orgánica SPT S.A. (11) | |||||
Subsidiary Tax ID | 99,568,350-4 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 0.00% | 67.1992% | ||||
Compania Pisquera de Chile SA [Member] | ||||||
Name of subsidiary | Compañía Pisquera de Chile S.A. | Compañía Pisquera de Chile S.A. | ||||
Subsidiary Tax ID | 99,586,280-8 | |||||
Country of incorporation of subsidiary | Chile | |||||
Description of functional currency | Chilean Pesos | |||||
Proportion of voting rights held in subsidiary | 80.00% | 80.00% | ||||
Andina de Desarrollo S.A. [Member] | ||||||
Name of subsidiary | Andina de Desarrollo SACFAIMM | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Argentina | |||||
Description of functional currency | Argentine Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Cia. Cervecerias Unidas Argentina S.A. [Member] | ||||||
Name of subsidiary | Cía. Cervecerías Unidas Argentina S.A. (9) | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Argentina | |||||
Description of functional currency | Argentine Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Compania Industrial Cervecera S.A. [Member] | ||||||
Name of subsidiary | Compañía Industrial Cervecera S.A. (1) | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Argentina | |||||
Description of functional currency | Argentine Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Finca Eugenio Bustos S.A. [Member] | ||||||
Name of subsidiary | Finca Eugenio Bustos S.A. (4) | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Argentina | |||||
Description of functional currency | Argentine Pesos | |||||
Proportion of voting rights held in subsidiary | 0.00% | 67.1992% | ||||
Finca La Celia S.A. [Member] | ||||||
Name of subsidiary | Finca La Celia S.A. | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Argentina | |||||
Description of functional currency | Argentine Pesos | |||||
Proportion of voting rights held in subsidiary | 82.987% | 67.1992% | ||||
Los Huemules S.R.L. [Member] | ||||||
Name of subsidiary | Los Huemules S.R.L. | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Argentina | |||||
Description of functional currency | Argentine Pesos | |||||
Proportion of voting rights held in subsidiary | 74.9979% | 74.9979% | ||||
Saenz Briones y Cia. S.A.I.C. [Member] | ||||||
Name of subsidiary | Sáenz Briones y Cía. S.A.I.C. | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Argentina | |||||
Description of functional currency | Argentine Pesos | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Bebidas Bolivianas BBO S.A. [Member] | ||||||
Name of subsidiary | Bebidas Bolivianas BBO S.A. (12) | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Bolivia | |||||
Description of functional currency | Bolivians | |||||
Proportion of voting rights held in subsidiary | 51.00% | 0.00% | ||||
International Spirits Investments USA LLCC [Member] | ||||||
Name of subsidiary | International Spirits Investments USA LLC (7) | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | United States | |||||
Description of functional currency | US Dollar | |||||
Proportion of voting rights held in subsidiary | 80.00% | 80.00% | ||||
Inversiones CCU Lux S rl [Member] | ||||||
Name of subsidiary | Inversiones CCU Lux S.à r.l. (15) | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Luxemburgo | |||||
Description of functional currency | US Dollar | |||||
Proportion of voting rights held in subsidiary | 99.9999% | 0.00% | ||||
Southern Breweries Limited [Member] | ||||||
Name of subsidiary | Southern Breweries C.S.C. (3) | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Luxemburgo | |||||
Description of functional currency | US Dollar | |||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | ||||
Bebidas del Paraguay S.A [Member] | ||||||
Name of subsidiary | [1] | Bebidas del Paraguay S.A. (5) (**) | ||||
Subsidiary Tax ID | [1] | 0-E | ||||
Country of incorporation of subsidiary | [1] | Paraguay | ||||
Description of functional currency | [1] | Paraguayan Guaranies | ||||
Proportion of voting rights held in subsidiary | [1] | 50.0049% | 50.0049% | |||
Distribuidora del Paraguay S.A. [Member] | ||||||
Name of subsidiary | [1] | Distribuidora del Paraguay S.A. (**) | ||||
Subsidiary Tax ID | [1] | 0-E | ||||
Country of incorporation of subsidiary | [1] | Paraguay | ||||
Description of functional currency | [1] | Paraguayan Guaranies | ||||
Proportion of voting rights held in subsidiary | [1] | 49.9589% | 49.9589% | |||
Sajonia Brewing Company S.R.L [Member] | ||||||
Name of subsidiary | [3] | Sajonia Brewing Company S.R.L. (5) (***) | ||||
Subsidiary Tax ID | [3] | 0-E | ||||
Country of incorporation of subsidiary | [3] | Paraguay | ||||
Description of functional currency | [3] | Paraguayan Guaranies | ||||
Proportion of voting rights held in subsidiary | [3] | 25.5025% | 25.5025% | |||
Andrimar S.A. [Member] | ||||||
Name of subsidiary | Andrimar S.A. | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Uruguay | |||||
Description of functional currency | Uruguayan Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9999% | 99.9999% | ||||
Coralina S.A. [Member] | ||||||
Name of subsidiary | Coralina S.A. | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Uruguay | |||||
Description of functional currency | Uruguayan Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9999% | 99.9999% | ||||
Marzurel S.A. [Member] | ||||||
Name of subsidiary | Marzurel S.A. | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Uruguay | |||||
Description of functional currency | Uruguayan Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9999% | 99.9999% | ||||
Milotur S.A. [Member] | ||||||
Name of subsidiary | Milotur S.A. | |||||
Subsidiary Tax ID | 0-E | |||||
Country of incorporation of subsidiary | Uruguay | |||||
Description of functional currency | Uruguayan Pesos | |||||
Proportion of voting rights held in subsidiary | 99.9999% | 99.9999% | ||||
[1] | See Note 1 – General Information, letter E), Subsidiaries with direct or indirect participation of less than 50% | |||||
[2] | All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. | |||||
[3] | Subsidiaries in which we have an interest of more or equal than 50% through one or more subsidiaries of the Company. | |||||
[4] | Listed company in Chile. |
General Information (Details 4)
General Information (Details 4) $ in Thousands, $ in Thousands | Dec. 31, 2018CLP ($) | Aug. 31, 2018CLP ($) | Aug. 09, 2018CLP ($) | Aug. 09, 2018USD ($) | Jan. 29, 2018CLP ($) | Dec. 31, 2017CLP ($) | Jan. 01, 2017CLP ($) | Jan. 07, 2016CLP ($) |
Inventories | $ 107,232 | $ 86,345 | ||||||
Goodwill | 123,044,901 | $ 94,617,474 | $ 96,926,551 | |||||
Investment value | 641,489 | $ 361,560 | $ 5,457,935 | $ 8,500,000 | $ 49,400,000 | $ 118,092 | ||
Bebidas del Paraguay S.A [Member] | ||||||||
Cash and cash equivalents | 462,873 | |||||||
Trade and other current receivables | 9,813 | |||||||
Inventories | 19,552 | |||||||
Total current assets | 492,238 | |||||||
Intangible assets other than goodwill | 259,712 | |||||||
Property, plant and equipment (net) | 79,126 | |||||||
Total non-current assets | 338,838 | |||||||
Total Assets | 831,076 | |||||||
Trade and other current payables | 7,063 | |||||||
Total current liabilities | 7,063 | |||||||
Deferred tax liabilities | 25,948 | |||||||
Total non-current liabilities | 25,948 | |||||||
Total liabilities | 33,011 | |||||||
Total Shareholders' Equity | 798,065 | |||||||
Non-controlling interests | 391,052 | |||||||
Net identifiable assets acquired | 407,013 | |||||||
Goodwill | $ 234,476 |
General Information (Details 5)
General Information (Details 5) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | |
Total current assets | $ 941,007,259 | $ 729,106,553 | |
Total non-current assets | 1,464,857,657 | 1,247,122,534 | |
Total Assets | 2,405,864,916 | 1,976,229,087 | |
Total current liabilities | 645,724,245 | 468,749,455 | |
Total non-current liabilities | 371,024,728 | 280,651,024 | |
Total liabilities | 1,016,748,973 | 749,400,479 | |
Non-controlling interests | 108,989,235 | 125,751,551 | |
Goodwill | 123,044,901 | $ 94,617,474 | $ 96,926,551 |
Bebidas Bolivianas BOO S.A. [Member] | |||
Total current assets | 3,942,346 | ||
Total non-current assets | 22,748,015 | ||
Total Assets | 26,690,361 | ||
Total current liabilities | 5,393,779 | ||
Total non-current liabilities | 8,854,809 | ||
Total liabilities | 14,248,588 | ||
Net identifiable assets acquired | 12,441,773 | ||
Non-controlling interests | (6,096,469) | ||
Goodwill | 10,376,570 | ||
Investment Value | 16,721,874 | ||
Cervecera Guayacan SpA. [Member] | |||
Total current assets | 507,149 | ||
Total non-current assets | 1,355,220 | ||
Total Assets | 1,862,369 | ||
Total current liabilities | 238,265 | ||
Total non-current liabilities | 306,828 | ||
Total liabilities | 545,093 | ||
Net identifiable assets acquired | 1,317,276 | ||
Non-controlling interests | (658,633) | ||
Goodwill | 456,007 | ||
Investment Value | $ 1,114,650 |
General Information (Details 6)
General Information (Details 6) $ in Thousands, $ in Thousands | Dec. 31, 2018CLP ($) | Aug. 31, 2018CLP ($) | Aug. 09, 2018CLP ($) | Aug. 09, 2018USD ($) | Jan. 29, 2018CLP ($) | Jan. 07, 2016CLP ($) |
Amount paid | $ 641,489 | $ 361,560 | $ 5,457,935 | $ 8,500,000 | $ 49,400,000 | $ 118,092 |
Promarca Internacional SpA [Member] | ||||||
Intangible assets other than goodwill | 11,229,149 | |||||
Total non-current assets | 11,229,149 | |||||
Total Assets | 11,229,149 | |||||
Deferred tax liabilities | 3,029,909 | |||||
Total current liabilities | 3,029,909 | |||||
Net identifiable assets acquired | 8,199,240 | |||||
Amount paid | $ 8,199,240 |
General Information (Details Te
General Information (Details Textual) $ / shares in Units, € in Thousands, $ in Thousands, $ in Thousands, in Thousands | Dec. 07, 2018USD ($) | Nov. 13, 2018CLP ($)shares | Nov. 13, 2018EUR (€)shares | Aug. 09, 2018CLP ($) | Dec. 12, 2017CLP ($)$ / shares | Jan. 07, 2016CLP ($) | Jul. 11, 2011 | Dec. 17, 2018CLP ($) | Dec. 17, 2018USD ($) | Sep. 20, 2018CLP ($) | Sep. 20, 2018USD ($) | Aug. 31, 2018CLP ($)$ / perunitshares | Jan. 29, 2018CLP ($)$ / perunit | Dec. 29, 2016CLP ($) | Jun. 30, 2016CLP ($) | Jan. 29, 2016CLP ($) | Dec. 31, 2018CLP ($)Numbershares | Dec. 31, 2018USD ($) | Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLP ($) | Dec. 31, 2016CLP ($) | Dec. 31, 2018USD ($)Numbershares | Dec. 31, 2018CLF ( )Numbershares | Aug. 09, 2018USD ($) | Jun. 05, 2018USD ($) | Jun. 05, 2018ARS ($) | Apr. 30, 2018CLP ($) | Apr. 30, 2018ARS ($) | Dec. 31, 2017USD ($) | Jun. 30, 2017 | Mar. 31, 2016CLP ($) | Mar. 31, 2016USD ($) | May 07, 2014 | Dec. 02, 2011 | ||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Amounts receivable, related party transactions | 185,648,399 | $ 306,000,000 | ||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in joint venture | 50.99% | |||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 17.00% | 30.0004% | 0.18% | 49.9589% | 49.9589% | 49.9589% | 17.00% | |||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | [1] | 49.9589% | 49.9589% | 49.9589% | 49.9589% | |||||||||||||||||||||||||||||||||||
Proportion of ownership interests held by non-controlling interests | 49.01% | |||||||||||||||||||||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 5,457,935 | $ 118,092 | $ 361,560 | $ 49,400,000 | $ 641,489 | $ 8,500,000 | ||||||||||||||||||||||||||||||||||
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities | $ 27,659,891 | $ 40,294,696 | $ 1,044,688 | $ 1,530,029 | $ 49,222,782 | [2] | $ 7,800,000 | [2] | $ 19,111,686 | [2] | ||||||||||||||||||||||||||||||
Number of instruments or interests issued or issuable | $ / perunit | 934,774,763 | |||||||||||||||||||||||||||||||||||||||
Number of employees | Number | 8,797 | 8,797 | 8,797 | |||||||||||||||||||||||||||||||||||||
Intangible assets other than goodwill | $ 118,964,142 | 77,032,480 | 77,934,155 | |||||||||||||||||||||||||||||||||||||
Profit (loss), attributable to ordinary equity holders of parent entity | 306,890,792 | 129,607,353 | 118,457,488 | |||||||||||||||||||||||||||||||||||||
Cash flows from (used in) operating activities | 429,313,131 | 262,161,431 | 190,014,348 | |||||||||||||||||||||||||||||||||||||
Other Income | 228,455,054 | 6,717,902 | 5,144,154 | |||||||||||||||||||||||||||||||||||||
Cost of sales | $ 860,011,392 | [3] | $ 798,738,655 | 741,819,916 | ||||||||||||||||||||||||||||||||||||
Payment Of Capital Commitment | $ 2,226,656 | |||||||||||||||||||||||||||||||||||||||
Dividend payables | $ 129,858,280 | $ 5,141,760,000,000 | $ 104,729,404 | $ 4,146,778,022,400 | ||||||||||||||||||||||||||||||||||||
Sale Or Issue Of Share To Subsidiary | $ 2,600 | |||||||||||||||||||||||||||||||||||||||
Consideration paid (received) | $ 470,711 | |||||||||||||||||||||||||||||||||||||||
Number of shares issued and fully paid | shares | (12,000) | (12,000) | 369,502,872 | 369,502,872 | 369,502,872 | |||||||||||||||||||||||||||||||||||
Payments to acquire or redeem entity's shares | $ 9,252 | € 12,000 | ||||||||||||||||||||||||||||||||||||||
Compaa Cerveceras Unidas SA [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Profit (loss), attributable to ordinary equity holders of parent entity | | 157,358,973 | |||||||||||||||||||||||||||||||||||||||
Sajonia Brewing Company S.R.L [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 51.00% | 51.00% | ||||||||||||||||||||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 641,489 | $ 1,000,000 | ||||||||||||||||||||||||||||||||||||||
Vina San Pedro Tarapaca S.A [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 2.50% | |||||||||||||||||||||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 7,800,000 | |||||||||||||||||||||||||||||||||||||||
Number of instruments or interests issued or issuable | 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||
Offering Price Per Share | $ / shares | $ 7.8 | |||||||||||||||||||||||||||||||||||||||
Peruvian brand BarSol [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 40.00% | |||||||||||||||||||||||||||||||||||||||
Bebidas Bolivianas BBO S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 34.00% | |||||||||||||||||||||||||||||||||||||||
BBO [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | 51.00% | |||||||||||||||||||||||||||||||||||||||
Cervecera Guayacn SpA [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Number of instruments or interests issued or issuable | $ / perunit | 39,232 | |||||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | 50.0004% | |||||||||||||||||||||||||||||||||||||||
Number of shares issued and fully paid | shares | 49,038 | |||||||||||||||||||||||||||||||||||||||
Budweiser Beer [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Cash flows from (used in) operating activities | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||
Other Income | $ 4,840,167 | 6,451,629 | 6,109,800 | |||||||||||||||||||||||||||||||||||||
commercialization of the Brands [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Cash flows from (used in) operating activities | 17,107,440 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||
Cost of sales | $ 14,251,811 | $ 19,802,868 | ||||||||||||||||||||||||||||||||||||||
Aguas CCU-Nestle Chile S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | 50.0917% | 50.0917% | 50.0917% | 50.0917% | ||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | 50.0917% | 50.0917% | 50.0917% | 50.0917% | ||||||||||||||||||||||||||||||||||||
Embotelladoras Chilenas Unidas S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | 99.9834% | 99.9834% | 99.9834% | 99.9834% | ||||||||||||||||||||||||||||||||||||
Compania Industrial Cervecera S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | 99.995% | 99.995% | 99.995% | 99.9949% | ||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | 100.00% | 100.00% | 100.00% | 100.00% | ||||||||||||||||||||||||||||||||||||
Compania Industrial Cervecera S.A. [Member] | Los Huemules S.R.L LH [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 50.99% | |||||||||||||||||||||||||||||||||||||||
Promarca Internacional SpA [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | 100.00% | 49.9917% | [4] | 49.9917% | [4] | 49.9917% | [4] | 49.9917% | [4] | |||||||||||||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 8,199,240 | |||||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | [4] | 49.9917% | 49.9917% | 49.9917% | 49.9917% | |||||||||||||||||||||||||||||||||||
Inversiones Invex CCU Dos Limitada [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Dividend payables | $ 25,128,876 | $ 994,981,977,600 | ||||||||||||||||||||||||||||||||||||||
CCU Inversiones S.A [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | 99.7775% | 99.7775% | 99.7775% | 99.9733% | ||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | 99.02% | 99.7775% | 99.7775% | 99.7775% | 99.9733% | |||||||||||||||||||||||||||||||||||
CCU Inversiones S.A [Member] | VSPT [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 15.79% | |||||||||||||||||||||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 49,222,782 | |||||||||||||||||||||||||||||||||||||||
Number of instruments or interests issued or issuable | $ / perunit | 6,310,613,119 | |||||||||||||||||||||||||||||||||||||||
Proportion of voting rights held in subsidiary | 83.01% | |||||||||||||||||||||||||||||||||||||||
Manantial S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | 100.00% | |||||||||||||||||||||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 19,111,686 | |||||||||||||||||||||||||||||||||||||||
Manantial S.A. [Member] | Aguas CCU-Nestle Chile S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 48.07% | |||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | 99.08% | |||||||||||||||||||||||||||||||||||||||
Manantial S.A. [Member] | Embotelladoras Chilenas Unidas S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 0.92% | |||||||||||||||||||||||||||||||||||||||
Proportion of ownership interests held by non-controlling interests | 0.92% | |||||||||||||||||||||||||||||||||||||||
Quinenco S.A. And Heineken Chile Limitada [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in joint venture | 50.00% | 50.00% | 50.00% | |||||||||||||||||||||||||||||||||||||
Promarca S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Profit (loss) from continuing operations | $ 4,581,922 | $ 4,524,117 | 4,812,696 | |||||||||||||||||||||||||||||||||||||
Distributable Profit Percentage | 100.00% | 100.00% | 100.00% | |||||||||||||||||||||||||||||||||||||
New Ecusa S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in joint venture | 50.00% | |||||||||||||||||||||||||||||||||||||||
Joint ventures [member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Cash receipts from repayment of advances and loans made to related parties | $ 8,199,240 | |||||||||||||||||||||||||||||||||||||||
Compania Pisquera Bauza S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Percentage of voting equity interests acquired | 49.00% | |||||||||||||||||||||||||||||||||||||||
Percentage Of Joint Venture Ownership Interest Sold | 49.00% | 49.00% | 49.00% | |||||||||||||||||||||||||||||||||||||
Bebidas CCU-PepsiCo SpA [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Profit (loss) from continuing operations | $ 1,137,233 | 1,078,916 | 1,066,005 | |||||||||||||||||||||||||||||||||||||
Distributable Profit Percentage | 100.00% | 100.00% | 100.00% | |||||||||||||||||||||||||||||||||||||
Bebidas Carozzi CCU SpA. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Profit (loss) from continuing operations | $ 1,263,169 | $ 2,278,345 | 797,268 | |||||||||||||||||||||||||||||||||||||
Distributable Profit Percentage | 100.00% | 100.00% | 100.00% | |||||||||||||||||||||||||||||||||||||
Inversiones Y Rentas S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary Interest Ownership Percentage Held By Parent | 60.00% | 60.00% | 60.00% | |||||||||||||||||||||||||||||||||||||
Bauza Family [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Proportion of ownership interest in subsidiary | 51.00% | |||||||||||||||||||||||||||||||||||||||
Budweiser In Argentina [Member] | ABI Group [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Amounts receivable, related party transactions | $ 306,000,000 | |||||||||||||||||||||||||||||||||||||||
Budweiser In Argentina [Member] | AB InBev [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Amounts receivable, related party transactions | 400,000,000,000 | |||||||||||||||||||||||||||||||||||||||
Trademarks [Member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Increase (decrease) through transfers, intangible assets other than goodwill | $ 5,614,575 | |||||||||||||||||||||||||||||||||||||||
Brand names [member] | ||||||||||||||||||||||||||||||||||||||||
Disclosure Of General Information About Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Intangible assets other than goodwill | $ 44,044,000 | 26,721,236 | ||||||||||||||||||||||||||||||||||||||
[1] | See Note 1 – General Information, letter E), Subsidiaries with direct or indirect participation of less than 50% | |||||||||||||||||||||||||||||||||||||||
[2] | In 2018, through its subsidiary CCU Inversiones S.A. correspond to the acquisition of 15.79% of VSPT (see Note 1 – General information, letter D)). In 2017, corresponds to the acquisition of 2.5% of interet in VSPT, through its subsidiary CCU Inversiones S.A. (see Note 1 – General information, letter D)). In 2016, corresponds to the acquisition of an additional interest in Manantial S.A., through its subsidiaries Aguas CCU-Nestlé Chile S.A. and Embotelladoras Chilenas Unidas S.A. (see Note 1 – General information, letter D)). | |||||||||||||||||||||||||||||||||||||||
[3] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. | |||||||||||||||||||||||||||||||||||||||
[4] | Subsidiaries in which we have an interest of more or equal than 50% through one or more subsidiaries of the Company. |
Summary of significant accoun_4
Summary of significant accounting policies (Details) | 12 Months Ended |
Dec. 31, 2018 | |
Amendments to IAS 12 [Member] | |
Title of new IFRS | Amendments to IAS 12 |
Description of nature of impending change in accounting policy | Income taxes. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
Amendments to IAS 19 [Member] | |
Title of new IFRS | Amendments to IAS 19 |
Description of nature of impending change in accounting policy | Employees benefits. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
Amendments to IAS 23 [Member] | |
Title of new IFRS | Amendments to IAS 23 |
Description of nature of impending change in accounting policy | Borrowing costs. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
Amendments to IAS 28 [Member] | |
Title of new IFRS | Amendments to IAS 28 |
Description of nature of impending change in accounting policy | Investment in Associates and Joint Ventures. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
Amendments to IAS 1 and IAS 8 [Member] | |
Title of new IFRS | Amendments to IAS 1 and IAS 8 |
Description of nature of impending change in accounting policy | Presentation of Financial Statements and Accounting Policies, Changes in Accounting Estimates and Errors. |
Date by which application of new IFRS is required | Jan. 1, 2020 |
Amendments to IFRS 3 [Member] | |
Title of new IFRS | Amendments to IFRS 3 |
Description of nature of impending change in accounting policy | Business combination. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
Amendments to IFRS 9 [Member] | |
Title of new IFRS | Amendments to IFRS 9 |
Description of nature of impending change in accounting policy | Financial Instruments. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
Amendments to IFRS 11 [Member] | |
Title of new IFRS | Amendments to IFRS 11 |
Description of nature of impending change in accounting policy | Joint arrangements. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
IFRS 16 [Member] | |
Title of new IFRS | IFRS 16 |
Description of nature of impending change in accounting policy | Leases. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
IFRS 17 [Member] | |
Title of new IFRS | IFRS 17 |
Description of nature of impending change in accounting policy | Insurance Contracts. |
Date by which application of new IFRS is required | Jan. 1, 2021 |
IFRIC 23 [Member] | |
Title of new IFRS | IFRIC 23 |
Description of nature of impending change in accounting policy | Uncertainty over Income Tax Treatments. |
Date by which application of new IFRS is required | Jan. 1, 2019 |
Amendment to IFRS 3 [Member] | |
Title of new IFRS | Amendments to IFRS 3 |
Description of nature of impending change in accounting policy | Definition of a Business. |
Date by which application of new IFRS is required | Jan. 1, 2020 |
Summary of significant accoun_5
Summary of significant accounting policies (Details 1) - $ / perunit | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Closing foreign exchange rate | [1] | 86.19 | 79.62 | 80.15 |
US Dollar [Member] | ||||
Closing foreign exchange rate | 694.77 | 614.75 | 669.47 | |
Euros [Member] | ||||
Closing foreign exchange rate | 794.75 | 739.15 | 705.60 | |
Argentinean Pesos [Member] | ||||
Closing foreign exchange rate | 18.43 | 32.96 | 42.13 | |
Uruguayan Peso [Member] | ||||
Closing foreign exchange rate | 21.44 | 21.34 | 22.82 | |
Canadian Dollar [Member] | ||||
Closing foreign exchange rate | 509.62 | 491.05 | 498.38 | |
Sterling Pound [Member] | ||||
Closing foreign exchange rate | 882.36 | 832.09 | 826.10 | |
Paraguayan Guarani [Member] | ||||
Closing foreign exchange rate | 0.12 | 0.11 | 0.12 | |
Bolivians [Member] | ||||
Closing foreign exchange rate | 101.28 | 89.61 | 97.59 | |
Colombian Peso [Member] | ||||
Closing foreign exchange rate | 0.21 | 0.21 | 0.22 | |
Unidades de Fomento [Member] | ||||
Closing foreign exchange rate | [2] | 27,565.79 | 26,798.14 | 26,347.98 |
[1] | The Unidad Indexada (UI) is a Uruguay inflation-indexed, Uruguayan peso-denominated monetary unit. The UI rate is set daily in advance based on changes in the previous month's inflation rate. | |||
[2] | The Unidad de Fomento (UF) is a Chilean inflation-indexed, Chilean peso-denominated monetary unit. The UF rate is set daily in advance based on changes in the previous month's inflation rate. |
Summary of significant accoun_6
Summary of significant accounting policies (Details 2) - Argentina Consumer Price [Member] | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Level of price index | 183.13 | 124.80 | 100 |
Price index movements | 47.5 | 24.8 | 0 |
Summary of significant accoun_7
Summary of significant accounting policies (Details 3) | 12 Months Ended |
Dec. 31, 2018 | |
Land [Member] | |
Useful lives or depreciation rates, property, plant and equipment (In years) | Indefinite |
Buildings and Constructions [Member] | |
Useful lives or depreciation rates, property, plant and equipment (In years) | 20 to 60 |
Machinery and Equipment [Member] | |
Useful lives or depreciation rates, property, plant and equipment (In years) | 10 to 25 |
Fumiture and Accesories [Member] | |
Useful lives or depreciation rates, property, plant and equipment (In years) | 5 to 10 |
Other Equipment (coolers and mayolicas) [Member] | |
Useful lives or depreciation rates, property, plant and equipment (In years) | 5 to 8 |
Glass Containers, and Plastic Containers [Member] | |
Useful lives or depreciation rates, property, plant and equipment (In years) | 3 to 12 |
Vines in production [Member] | |
Useful lives or depreciation rates, property, plant and equipment (In years) | 30 |
Summary of significant accoun_8
Summary of significant accounting policies (Details Textual) - CLP ($) | 12 Months Ended | |
Dec. 31, 2018 | Jan. 01, 2019 | |
Credit Insurance Coverage Deduction Rate | 10.00% | |
Description of how entity determines economic relationship between hedged item and hedging instrument for purpose of assessing hedge effectiveness | A hedge is considered effective when changes in the cash flows of the underlying directly attributable to the risk hedged are offset with the changes in fair value, or in the cash flows of the hedging instrument with effectiveness between 80% to 125%. | |
Subsequent Events [Member] | ||
Right-of-use assets | $ 22,627,871 | |
Domestic Market [Member] | Trade receivables [member] | ||
Credit Insurance Coverage Deduction Rate | 90.00% | |
International Market [Member] | Trade receivables [member] | ||
Credit Insurance Coverage Deduction Rate | 99.00% |
Accounting changes (Details)
Accounting changes (Details) $ in Thousands | Dec. 31, 2018CLP ($) |
Disclosure Of Accounting Changes [Abstract] | |
Current assets | $ 1,905,102 |
Non-current assets | 118,989,487 |
Current liabilities | 0 |
Non-current liabilities | (27,149,456) |
Total Shareholders' Equity | 93,745,133 |
Non-controlling interests | (1,504,129) |
Equity attributable to equity holders of the parent | $ 92,241,004 |
Accounting changes (Details Tex
Accounting changes (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Reserve of exchange differences on translation | $ 37,008,642 | $ 21,161,126 | $ 17,869,963 | |
Gain loss on adjustment units | 742,041 | [1] | $ (110,539) | $ (110,539) |
Increase in deferred tax liability (asset) | 1,307 | |||
Effect of transition to IFRSs [member] | ||||
Reserve of exchange differences on translation | 92,241,004 | |||
Gain loss on adjustment units | 2,312,604 | |||
Gains (losses) on net monetary position | 6,086,727 | |||
Retained Earnings [Member] | ||||
Decrease in deferred tax liability (asset) | $ 128,029 | |||
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Risk Administration (Details)
Risk Administration (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Non-derivative financial liabilities, undiscounted cash flows | $ 379,666,981 | $ 251,003,705 | ||
Derivative financial liabilities, undiscounted cash flows | 6,680,971 | 12,257,884 | ||
Financial liabilities | 386,347,952 | 263,261,589 | $ 160,489,567 | |
Bank borrowings [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 125,985,265 | 112,153,910 | ||
Bond payable [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 211,846,541 | 91,483,810 | ||
Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 27,867,180 | 34,137,657 | ||
Deposits for return of bottles and containers [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 13,967,995 | 13,228,328 | ||
Derivative hedge liabilities [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 1,683,847 | 1,841,209 | ||
Derivative financial instruments Member [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 4,997,124 | 10,416,675 | ||
0 to 3 months | ||||
Non-derivative financial liabilities, undiscounted cash flows | 6,763,027 | 6,641,365 | ||
Derivative financial liabilities, undiscounted cash flows | 5,636,156 | 11,115,360 | ||
Financial liabilities | 12,399,183 | 17,756,725 | ||
0 to 3 months | Bank borrowings [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 4,171,430 | 5,159,746 | ||
0 to 3 months | Bond payable [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 2,349,873 | 1,127,076 | ||
0 to 3 months | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 241,724 | 354,543 | ||
0 to 3 months | Deposits for return of bottles and containers [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
0 to 3 months | Derivative hedge liabilities [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 639,032 | 698,685 | ||
0 to 3 months | Derivative financial instruments Member [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 4,997,124 | 10,416,675 | ||
3 months to 1 year | ||||
Non-derivative financial liabilities, undiscounted cash flows | 57,566,454 | 41,657,866 | ||
Derivative financial liabilities, undiscounted cash flows | 620,516 | 1,142,524 | ||
Financial liabilities | 58,186,970 | 42,800,390 | ||
3 months to 1 year | Bank borrowings [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 38,017,422 | 22,871,796 | ||
3 months to 1 year | Bond payable [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 4,855,854 | 4,523,346 | ||
3 months to 1 year | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 725,183 | 1,034,396 | ||
3 months to 1 year | Deposits for return of bottles and containers [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 13,967,995 | 13,228,328 | ||
3 months to 1 year | Derivative hedge liabilities [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 620,516 | 1,142,524 | ||
3 months to 1 year | Derivative financial instruments Member [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 1 year to 3 years | ||||
Non-derivative financial liabilities, undiscounted cash flows | 41,383,084 | 44,489,388 | ||
Derivative financial liabilities, undiscounted cash flows | 424,299 | 0 | ||
Financial liabilities | 41,807,383 | 44,489,388 | ||
Over 1 year to 3 years | Bank borrowings [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 20,574,967 | 23,799,505 | ||
Over 1 year to 3 years | Bond payable [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 18,896,434 | 18,137,303 | ||
Over 1 year to 3 years | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 1,911,683 | 2,552,580 | ||
Over 1 year to 3 years | Deposits for return of bottles and containers [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 1 year to 3 years | Derivative hedge liabilities [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 424,299 | 0 | ||
Over 1 year to 3 years | Derivative financial instruments Member [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 3 years to 5 years | ||||
Non-derivative financial liabilities, undiscounted cash flows | 79,802,868 | 82,255,093 | ||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Financial liabilities | 79,802,868 | 82,255,093 | ||
Over 3 years to 5 years | Bank borrowings [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 59,839,650 | 60,322,863 | ||
Over 3 years to 5 years | Bond payable [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 18,053,262 | 19,380,469 | ||
Over 3 years to 5 years | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 1,909,956 | 2,551,761 | ||
Over 3 years to 5 years | Deposits for return of bottles and containers [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 3 years to 5 years | Derivative hedge liabilities [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 3 years to 5 years | Derivative financial instruments Member [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 5 years | ||||
Non-derivative financial liabilities, undiscounted cash flows | 194,151,548 | 75,959,993 | ||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Financial liabilities | 194,151,548 | 75,959,993 | ||
Over 5 years | Bank borrowings [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 3,381,796 | 0 | ||
Over 5 years | Bond payable [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 167,691,118 | 48,315,616 | ||
Over 5 years | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 23,078,634 | 27,644,377 | ||
Over 5 years | Deposits for return of bottles and containers [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 5 years | Derivative hedge liabilities [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Over 5 years | Derivative financial instruments Member [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | 0 | 0 | ||
Book value | ||||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 284,603,589 | 202,336,527 | |
Derivative financial liabilities, undiscounted cash flows | [1] | 6,348,654 | 12,256,863 | |
Financial liabilities | [1] | 290,952,243 | 214,593,390 | |
Book value | Bank borrowings [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 113,360,982 | 98,510,577 | |
Book value | Bond payable [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 139,362,478 | 72,782,747 | |
Book value | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 17,912,134 | 17,814,875 | |
Book value | Deposits for return of bottles and containers [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 13,967,995 | 13,228,328 | |
Book value | Derivative hedge liabilities [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | [1] | 1,351,530 | 1,840,188 | |
Book value | Derivative financial instruments Member [Member] | ||||
Derivative financial liabilities, undiscounted cash flows | [1] | 4,997,124 | $ 10,416,675 | |
Book value | 0 to 3 months | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 90,516 | |||
Book value | 3 months to 1 year | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 275,456 | |||
Book value | Over 1 year to 3 years | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 749,483 | |||
Book value | Over 3 years to 5 years | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | 801,372 | |||
Book value | Over 5 years | Financial leases obligations [Member] | ||||
Non-derivative financial liabilities, undiscounted cash flows | $ 15,995,307 | |||
[1] | View current and non-current book value in Note 7 – Financial Instruments. |
Risk Administration (Details Te
Risk Administration (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 12, 2017 | |||
Other financial liabilities | $ 349,083,644 | [1] | $ 236,421,786 | [1] | $ 168,118,198 | |
Financial assets | $ 672,389,766 | $ 478,944,217 | ||||
Percentage of entitys revenue | 27.30% | 28.10% | ||||
Foreign exchange gain (loss) | $ 3,299,657 | $ (2,563,019) | 456,995 | |||
Percentage Increase Decrease In Exchange Rate | 10.00% | |||||
Gains (losses) on exchange differences on translation, net of tax | $ 37,990,079 | [2] | (34,786,480) | [2] | (27,280,176) | |
Gain Loss On Exchange Difference Net Of Tax,Hypothetical Effect On Net Income | 22,116,350 | 18,772,323 | 13,908,457 | |||
Profit (loss) from operating activities | 472,751,376 | 227,177,411 | 192,305,813 | |||
Gains (losses) on exchange differences on translation, before tax | 37,990,079 | [2] | (34,786,480) | [2] | (27,280,176) | |
Reserve of exchange differences on translation | 37,008,642 | 21,161,126 | 17,869,963 | |||
Finance costs | 23,560,662 | 24,166,313 | 20,307,238 | |||
Profit (loss) before tax | 458,211,348 | [3] | 196,474,395 | 170,328,270 | ||
Income From Indexation Units | 742,041 | (110,539) | (2,246,846) | |||
Cost of sales, food and beverage | $ 650,386,343 | 586,223,676 | 540,692,964 | |||
Borrowings, interest rate basis | possible increase of 100 bps in variable interest rates | |||||
Subsidiaries [Member] | ||||||
Investments in subsidiaries, joint ventures and associates | $ 247,679,930 | 133,134,842 | ||||
Associates [member] | ||||||
Investments in subsidiaries, joint ventures and associates | 958,474 | 7,406,020 | ||||
Joint ventures where entity is venturer [member] | ||||||
Investments in subsidiaries, joint ventures and associates | 121,448,016 | 71,070,399 | ||||
Foreign Subsidiaries [Member] | ||||||
Profit (loss) from operating activities | $ 56,533,194 | $ 46,395,490 | $ 23,057,091 | |||
CHILE | ||||||
Percentage of entitys revenue | 7.00% | 7.00% | 8.00% | |||
Argentine Peso And Parauayan Guarani [Member] | ||||||
Percentage Increase Decrease In Exchange Rate | 10.00% | |||||
US Dollar [Member] | ||||||
Percentage Increase Decrease In Exchange Rate | 10.00% | |||||
Currency risk [member] | ||||||
Credit exposure | $ 88,218,862 | $ 69,160,367 | ||||
Other financial liabilities | 25,403,961 | 10,945,398 | ||||
Financial assets | $ 234,306,916 | $ 140,345,944 | ||||
Percentage Of Entity Total Costs | 61.00% | 62.00% | 63.00% | |||
Currency risk [member] | Country of domicile [member] | ||||||
Financial assets | $ 1,364,230 | $ 1,026,554 | ||||
Accounts Receivable Percentage In Total Trade Accounts Receivable | 63.00% | 55.00% | (66.00%) | |||
Credit Insurance Coverage Rate | 84.00% | (88.00%) | ||||
Description Of Trade Receivable Structure In Entity | As of December 31, 2018, the Company has approximately 1,294 customers (1,205 customers in 2017) with more than Ch$ 10 million in debt each, which altogether represent approximately 86% (85% in 2017) of total trade accounts receivable. There are 261 customers (240 customers in 2017) with balances in excess of Ch$ 50 million each, representing approximately 75% (74% in 2017) of the total accounts receivable. The 90% (94% in 2017) of those accounts receivable are covered by credit insurance. | |||||
Credit Worthiness Percentage | 99.00% | (99.00%) | ||||
Provisions | $ 6,059,201 | $ 4,154,752 | ||||
Currency risk [member] | Country of domicile [member] | Top of range [member] | ||||||
Credit Insurance Coverage Rate | 90.00% | |||||
Currency risk [member] | Foreign countries [member] | ||||||
Credit exposure | $ 7,871,677 | $ 7,894,180 | ||||
Accounts Receivable Percentage In Total Trade Accounts Receivable | 12.00% | (12.00%) | ||||
Description Of Trade Receivable Structure In Entity | As of December 31, 2018, there were 58 customers (63 customers in 2017) with more than ThCh$ 65,000 of debt each, which represent 92% (91% in 2017) of VSPT´s total export market accounts receivable. | |||||
Credit Insurance Coverage Rate For Individual Accounts Receivable | 99.50% | (99.70%) | ||||
Credit Insurance Coverage Rate For Total Trade Accounts Receivable | 90.00% | (90.00%) | ||||
Currency risk [member] | Chilean Pesos [Member] | ||||||
Credit Exposure Percentage On Total Other Financial Liabilities | 9.00% | 6.00% | ||||
Currency risk [member] | Unidades de Fomento [Member] | ||||||
Credit Exposure Percentage On Total Other Financial Liabilities | 91.00% | 94.00% | ||||
Exchange rate sensitivity analysis [Member] | ||||||
Gains (losses) on exchange differences on translation, before tax | $ 5,653,319 | $ 4,639,549 | $ 2,305,709 | |||
Interest Rate Risk [Member] | ||||||
Gains (losses) on exchange differences on translation, net of tax | 99,589 | 76,478 | 289,448 | |||
Profit (loss) before tax | 5,059 | 17,176 | 34,228 | |||
Interest Rate Risk [Member] | Floating interest rate [member] | ||||||
Borrowings | $ 8,576,258 | $ 6,560,842 | ||||
Debt Classification Percentage | 3.00% | (3.00%) | ||||
Interest Rate Risk [Member] | Fixed interest rate [member] | ||||||
Debt Classification Percentage | 97.00% | (97.00%) | ||||
Percentage of debt after considering the effect of interest rates and currency swaps | 99.80% | (99.00%) | ||||
Inflation Risk [Member] | ||||||
Percentage Change In Monetary Units | 3.00% | |||||
Inflation Risk Impact On Net Income Loss | $ 3,380,752 | $ 1,419,965 | 3,062,661 | |||
Income From Indexation Units | $ 742,041 | $ 110,539 | 2,246,846 | |||
Raw material price risk [Member] | ||||||
Wine Supply Percentage From Own Vineyards | 41.00% | (34.00%) | ||||
Wine Supply Percentage From Third Party | 74.00% | (78.00%) | ||||
Cost of sales, food and beverage | $ 650,386,343 | $ 586,223,676 | $ 540,692,964 | |||
Raw material price risk [Member] | Vina San Pedro Tarapaca S.A [Member] | ||||||
Wine Supply Percentage From Own Vineyards | 26.00% | (22.00%) | ||||
Wine Supply Percentage From Third Party | 63.00% | (69.00%) | ||||
Percentage of Grape Needs Acquire From Long-Term Agreements | 11.00% | (9.00%) | ||||
Raw material price risk [Member] | International Business Operating Segment [Member] | ||||||
Cost Of Cans Percentage In Direct Costs | 38.00% | (33.00%) | 34.00% | |||
Change In Direct Costs Impact On Loss Income Before Tax | $ 13,545,233 | $ 10,404,929 | $ 8,089,082 | |||
Raw material price risk [Member] | Wine Operaing Segment [Member] | ||||||
Wine Cost Percentage in Direct Costs | 64.00% | (61.00%) | 56.00% | |||
Change In Direct Costs Impact On Loss Income Before Tax | $ 8,734,204 | $ 8,215,317 | $ 7,222,786 | |||
Raw material price risk [Member] | Wine Operaing Segment [Member] | Third Paty [Member] | ||||||
Wine Cost Percentage in Direct Costs | 38.00% | (42.00%) | ||||
Raw material price risk [Member] | Chile operating segment [Member] | ||||||
Change In Direct Costs Impact On Loss Income Before Tax | $ 30,150,723 | $ 28,604,884 | $ 28,075,829 | |||
Raw material price risk [Member] | CHILE | Operating Segments [Member] | ||||||
Cost Of Cans Percentage In Direct Costs | 12.00% | (12.00%) | 15.00% | |||
Commodity price risk [member] | CHILE | Operating Segments [Member] | ||||||
Raw Material Percentage In Direct Costs | 27.00% | (29.00%) | 30.00% | |||
[1] | See Note 21 - Other financial liabilities. | |||||
[2] | These concepts will be reclassified to the Statement of Income when it’s settled. | |||||
[3] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Financial Information as per _3
Financial Information as per operating segments (Details) | 12 Months Ended |
Dec. 31, 2018 | |
CHILE | |
Segment Reporting Information, Description of Products and Services | Beers, non-alcoholic beverages, spirits and SSU. |
International Business [Member] | |
Segment Reporting Information, Description of Products and Services | Beers, cider, non-alcoholic beverages and spirits in Argentina, Uruguay, Paraguay and Bolivia. |
Wines [Member] | |
Segment Reporting Information, Description of Products and Services | Wines, mainly in export markets to more 80 countries. |
Financial Information as per _4
Financial Information as per operating segments (Details 1) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Sales revenue external customers | $ 1,756,252,630 | [1] | $ 1,678,397,181 | $ 1,535,321,041 | |
Other income | 19,963,613 | 19,963,613 | |||
Sales revenue between segments | 0 | 0 | |||
Net sales | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 | |
Change % | 5.00% | [1] | 5.00% | 0.00% | |
Cost of sales | $ (860,011,392) | [1] | $ (798,738,655) | $ (741,819,916) | |
% of Net sales | 48.20% | [1] | 47.00% | 47.00% | |
Gross margin | $ 923,270,945 | [1] | $ 899,622,139 | $ 817,077,792 | |
% of Net sales | 51.80% | [1] | 51.80% | 52.40% | |
MSD&A | $ (681,575,822) | [1] | $ (668,783,480) | $ (619,542,751) | |
% of Net sales | 38.20% | [1] | 38.20% | 39.40% | |
Other operating income (expenses) | $ 227,026,626 | [1] | $ 4,055,543 | $ 4,055,543 | |
Adjusted operating result | $ 472,751,376 | $ 227,177,411 | $ 192,305,813 | ||
Change % | 99.50% | [1] | 17.10% | 0.00% | |
% of Net sales | 26.30% | [1] | 13.80% | 12.90% | |
Net financial expense | $ (7,766,206) | [1] | $ (7,766,206) | $ (14,627,170) | |
Equity and income of associates and joint ventures | (10,815,520) | (8,914,097) | (5,560,522) | ||
Foreign currency exchange differences | 3,299,657 | (2,563,019) | 456,995 | ||
Results as per adjustment units | 742,041 | [1] | (110,539) | (110,539) | |
Other gains (losses) | 4,029,627 | (7,716,791) | (8,345,907) | ||
Income before taxes | 458,211,348 | [1] | 196,474,395 | 170,328,270 | |
Tax income (expense) | 136,126,817 | 48,365,976 | 30,246,383 | ||
Net income for year | 322,084,531 | 148,108,419 | 140,081,887 | ||
Non-controlling interests | 15,193,739 | 18,501,066 | 21,624,399 | ||
Net income attributable to equity holders of the parent | 306,890,792 | [1] | 129,607,353 | 118,457,488 | |
Depreciation and amortization | 93,289,194 | 92,199,504 | 83,528,045 | ||
ORBDA | $ 562,010,943 | [1] | $ 562,010,943 | $ 327,093,706 | |
Change % | 71.80% | [1] | 15.10% | 0.00% | |
% of Net sales | 31.50% | [1] | 19.30% | 18.20% | |
Chile [Member] | |||||
Sales revenue external customers | $ 1,020,763,055 | $ 1,020,763,055 | |||
Other income | 14,667,777 | 14,667,777 | |||
Sales revenue between segments | 11,688,658 | 11,688,658 | |||
Net sales | $ 1,047,119,490 | $ 997,375,689 | |||
Change % | 5.00% | 0.00% | |||
Cost of sales | $ (483,604,499) | $ (483,604,499) | |||
% of Net sales | 45.20% | 46.20% | |||
Gross margin | $ 608,318,447 | $ 563,514,991 | |||
% of Net sales | 53.80% | 52.80% | |||
MSD&A | $ (407,242,869) | $ (383,169,121) | |||
% of Net sales | 36.60% | 36.60% | |||
Other operating income (expenses) | $ 2,438,416 | $ 2,438,416 | |||
Adjusted operating result | $ 182,784,286 | $ 154,551,027 | |||
Change % | 10.90% | 0.00% | |||
% of Net sales | 17.50% | 15.50% | |||
Net financial expense | $ 0 | $ 0 | |||
Equity and income of associates and joint ventures | 0 | 0 | |||
Foreign currency exchange differences | 0 | 0 | |||
Results as per adjustment units | 0 | 0 | |||
Other gains (losses) | 0 | 0 | |||
Depreciation and amortization | 63,148,804 | 61,736,849 | |||
ORBDA | $ 247,592,104 | $ 216,287,876 | |||
Change % | 14.50% | 0.00% | |||
% of Net sales | 23.60% | 21.70% | |||
International Business [Member] | |||||
Sales revenue external customers | $ 457,178,413 | $ 366,778,056 | |||
Other income | 2,740,533 | 2,740,533 | |||
Sales revenue between segments | 398,100 | 398,100 | |||
Net sales | $ 460,317,046 | $ 460,317,046 | |||
Change % | 24.40% | 0.00% | |||
Cost of sales | $ (190,387,412) | $ (157,485,547) | |||
% of Net sales | 41.40% | 41.40% | |||
Gross margin | $ 253,857,241 | $ 269,929,634 | |||
% of Net sales | 52.50% | 57.40% | |||
MSD&A | $ (225,341,789) | $ (225,341,789) | |||
% of Net sales | 43.50% | 49.00% | |||
Other operating income (expenses) | $ 223,078,626 | $ 678,153 | |||
Adjusted operating result | $ 266,344,506 | $ 20,814,775 | |||
Change % | 117.50% | 0.00% | |||
% of Net sales | 55.00% | 5.60% | |||
Net financial expense | $ 0 | $ 0 | |||
Equity and income of associates and joint ventures | 0 | 0 | |||
Foreign currency exchange differences | 0 | 0 | |||
Results as per adjustment units | 0 | 0 | |||
Other gains (losses) | 0 | 0 | |||
Depreciation and amortization | 15,568,301 | 11,928,705 | |||
ORBDA | $ 286,143,214 | $ 32,743,480 | |||
Change % | 370.40% | 0.00% | |||
% of Net sales | 13.20% | 13.20% | |||
Wines [Member] | |||||
Sales revenue external customers | $ 200,455,713 | $ 200,455,713 | |||
Other income | 3,105,064 | 3,105,064 | |||
Sales revenue between segments | 1,022,378 | 228,767 | |||
Net sales | $ 204,453,782 | $ 201,402,052 | |||
Change % | 1.00% | 0.00% | |||
Cost of sales | $ (126,244,373) | $ (112,938,261) | |||
% of Net sales | 61.70% | 56.10% | |||
Gross margin | $ 78,209,409 | $ 88,463,791 | |||
% of Net sales | 35.50% | 38.30% | |||
MSD&A | $ (52,408,689) | $ (53,941,735) | |||
% of Net sales | 25.40% | 25.80% | |||
Other operating income (expenses) | $ 1,828,938 | $ 732,689 | |||
Adjusted operating result | $ 22,667,402 | $ 24,519,439 | |||
Change % | (34.10%) | 0.00% | |||
% of Net sales | 11.00% | 12.00% | |||
Net financial expense | $ 0 | $ 0 | |||
Equity and income of associates and joint ventures | 0 | 0 | |||
Foreign currency exchange differences | 0 | 0 | |||
Results as per adjustment units | 0 | 0 | |||
Other gains (losses) | 0 | 0 | |||
Depreciation and amortization | 7,505,440 | 7,078,872 | |||
ORBDA | $ 30,602,408 | $ 32,024,879 | |||
Change % | (27.70%) | 0.00% | |||
% of Net sales | 14.80% | 15.70% | |||
Other Segments [Member] | |||||
Sales revenue external customers | $ 0 | $ 0 | |||
Other income | (2,320,219) | (549,761) | |||
Sales revenue between segments | (12,979,763) | (12,979,763) | |||
Net sales | $ (13,529,524) | $ (9,988,676) | |||
Change % | 0.00% | 0.00% | |||
Cost of sales | $ 1,497,629 | $ (244,422) | |||
% of Net sales | 0.00% | 0.00% | |||
Gross margin | $ (12,151,896) | $ (12,031,895) | |||
% of Net sales | 0.00% | 0.00% | |||
MSD&A | $ (6,330,835) | $ (6,330,835) | |||
% of Net sales | 0.00% | 0.00% | |||
Other operating income (expenses) | $ 532,889 | $ 687,209 | |||
Adjusted operating result | $ (17,675,521) | $ (11,903,470) | |||
Change % | 0.00% | 0.00% | |||
% of Net sales | 0.00% | 0.00% | |||
Net financial expense | $ 0 | $ 0 | |||
Equity and income of associates and joint ventures | 0 | 0 | |||
Foreign currency exchange differences | 0 | 0 | |||
Results as per adjustment units | 0 | 0 | |||
Other gains (losses) | 0 | 0 | |||
Depreciation and amortization | $ 2,406,676 | [2] | 4,317,945 | [2] | 2,783,619 |
ORBDA | $ (13,357,576) | $ (13,357,576) | |||
Change % | 0.00% | 0.00% | |||
% of Net sales | 0.00% | 0.00% | |||
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. | ||||
[2] | Includes depreciation and amortization corresponding to the Corporate Support Units. |
Financial Information as per _5
Financial Information as per operating segments (Details 2) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Revenue | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 | |
CHILE | |||||
Revenue | [2] | 1,289,513,013 | 1,226,668,091 | 1,176,972,109 | |
Argentina, Pesos | |||||
Revenue | [3] | 421,607,095 | 413,466,737 | 329,585,488 | |
URUGUAY | |||||
Revenue | 17,708,773 | 16,402,136 | 15,204,331 | ||
PARAGUAY | |||||
Revenue | 43,565,171 | 41,823,830 | 37,135,780 | ||
BOLIVIA | |||||
Revenue | [4] | 10,888,285 | 0 | 0 | |
Foreign countries [member] | |||||
Revenue | $ 493,769,324 | $ 471,692,703 | $ 381,925,599 | ||
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. | ||||
[2] | Includes net sales correspond to Corporate Support Unit and eliminations between geographical locations. Additionally, includes net sales made in Chile of the Wines Operating segment. | ||||
[3] | Includes net sales made by the subisiaries Finca La Celia S.A. and Los Huemules SRL., registered under the Wines Operating segment and Chile Operating segment, respectively. | ||||
[4] | See Note 15 – Business combinations, letter a). |
Financial Information as per _6
Financial Information as per operating segments (Details 3) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Revenue | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 |
Domestic sales [Member] | ||||
Revenue | 1,664,613,889 | 1,572,617,473 | 1,429,152,068 | |
Exports sales [Member] | ||||
Revenue | $ 118,668,448 | $ 125,743,321 | $ 129,745,640 | |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Financial Information as per _7
Financial Information as per operating segments (Details 4) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Revenue | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 | |
Alcoholic business [Member] | |||||
Revenue | 1,206,506,503 | 1,158,451,078 | 1,041,923,724 | ||
Non-alcoholic business [Member] | |||||
Revenue | 549,746,127 | 519,946,103 | 493,397,317 | ||
Other business [Member] | |||||
Revenue | [2] | $ 27,029,707 | $ 19,963,613 | $ 23,576,667 | |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. | ||||
[2] | Others consist mainly of sales of by-products and packaging including bottles, pallets, and glasses. |
Financial Information as per _8
Financial Information as per operating segments (Details 5) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Depreciation and amortization | $ 93,289,194 | $ 92,199,504 | $ 83,528,045 | ||
Chile operating segment [Member] | |||||
Depreciation and amortization | 63,148,804 | 64,807,818 | 61,736,849 | ||
International Business Operating Segment [Member] | |||||
Depreciation and amortization | 19,798,708 | 15,568,301 | 11,928,705 | ||
Wine Operaing Segment [Member] | |||||
Depreciation and amortization | 7,935,006 | 7,505,440 | 7,078,872 | ||
Other Segments [Member] | |||||
Depreciation and amortization | $ 2,406,676 | [1] | $ 4,317,945 | [1] | $ 2,783,619 |
[1] | Includes depreciation and amortization corresponding to the Corporate Support Units. |
Financial Information as per _9
Financial Information as per operating segments (Details 6) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Cash flows from (used in ) Operating activities | $ 429,313,131 | $ 262,161,431 | $ 190,014,348 | |
Cash flows from (used in ) Investing Activities | (199,002,101) | (173,614,379) | (155,007,390) | |
Cash flows from (used in ) Financing Activities | (52,963,862) | (53,001,198) | (95,059,905) | |
Chile operating segment [Member] | ||||
Cash flows from (used in ) Operating activities | 157,294,023 | 161,413,504 | 152,862,350 | |
Cash flows from (used in ) Investing Activities | (98,325,850) | (78,746,298) | (57,119,431) | |
Cash flows from (used in ) Financing Activities | (78,048,783) | (65,996,567) | (90,636,820) | |
International Business Operating Segment [Member] | ||||
Cash flows from (used in ) Operating activities | 228,740,495 | 58,773,027 | 13,065,093 | |
Cash flows from (used in ) Investing Activities | (35,475,310) | (32,312,751) | (40,032,866) | |
Cash flows from (used in ) Financing Activities | (100,573,425) | (8,217,846) | 18,820,789 | |
Wines operating segment [Member] | ||||
Cash flows from (used in ) Operating activities | 14,340,011 | 16,167,068 | 32,949,789 | |
Cash flows from (used in ) Investing Activities | (16,749,301) | (10,870,574) | (13,499,538) | |
Cash flows from (used in ) Financing Activities | 3,741,241 | (15,171,642) | (18,841,106) | |
Others [Member] | ||||
Cash flows from (used in ) Operating activities | [1] | 28,938,602 | 25,807,832 | (8,862,884) |
Cash flows from (used in ) Investing Activities | [1],[2] | (48,451,640) | (51,684,756) | (44,355,555) |
Cash flows from (used in ) Financing Activities | [1] | $ 121,917,105 | $ 36,384,857 | $ (4,402,768) |
[1] | Others includes Corporate Support Units, due to cash flows are managed by CCU. | |||
[2] | Includes contribution to joint ventures. See Note 8 - Cash and cash equivalents. |
Financial Information as per_10
Financial Information as per operating segments (Details 7) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Capital commitments | $ 131,440,422 | $ 125,765,480 | $ 128,883,425 | |
Chile operating segment [Member] | ||||
Capital commitments | 78,887,075 | 80,866,369 | 53,809,780 | |
International Business operating segment [Member] | ||||
Capital commitments | 32,756,828 | 32,312,751 | 39,592,739 | |
Wines operating segment [Member] | ||||
Capital commitments | 16,961,638 | 10,948,212 | 14,767,858 | |
Other [Member] | ||||
Capital commitments | [1] | $ 2,834,881 | $ 1,638,148 | $ 20,713,048 |
[1] | Others includes the capital investments corresponding to the Corporate Support Units. |
Financial Information as per_11
Financial Information as per operating segments (Details 8) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Assets | $ 2,405,864,916 | $ 1,976,229,087 | |
Chile Segment [Member] | |||
Assets | 1,183,145,732 | 1,045,791,551 | |
International Business Segment [Member] | |||
Assets | 463,913,523 | 274,766,962 | |
Wines Segment [Member] | |||
Assets | 341,959,321 | 315,298,950 | |
Other Segments [Member] | |||
Assets | [1] | $ 416,846,340 | $ 340,371,624 |
[1] | Includes assets corresponding to the Corporate Support Units. |
Financial Information as per_12
Financial Information as per operating segments (Details 9) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Assets | $ 2,405,864,916 | $ 1,976,229,087 |
CHILE | ||
Assets | 1,924,196,897 | 1,689,394,491 |
ARGENTINA | ||
Assets | 373,091,516 | 213,714,384 |
URUGUAY | ||
Assets | 26,925,415 | 25,015,615 |
PARAGUAY | ||
Assets | 53,126,091 | 48,104,597 |
BOLIVIA | ||
Assets | $ 28,524,997 | $ 0 |
Financial Information as per_13
Financial Information as per operating segments (Details 10) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Liabilities | $ 1,016,748,973 | $ 749,400,479 |
Chile Segment [Member] | ||
Liabilities | 457,517,605 | 388,121,093 |
International Business Segment [Member] | ||
Liabilities | 172,893,966 | 119,351,344 |
Wines Segment [Member] | ||
Liabilities | 112,427,830 | 95,094,080 |
Other Segments [Member] | ||
Liabilities | $ 273,909,572 | $ 146,833,962 |
Financial Information as per_14
Financial Information as per operating segments (Details 11) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Sales revenue external customers | $ 1,756,252,630 | [1] | $ 1,678,397,181 | $ 1,535,321,041 |
Other income | 228,455,054 | 6,717,902 | 5,144,154 | |
Net sales | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 |
Change % | 5.00% | [1] | 5.00% | 0.00% |
Cost of sales | $ (860,011,392) | [1] | $ (798,738,655) | $ (741,819,916) |
% of Net sales | 48.20% | [1] | 47.00% | 47.00% |
Gross margin | $ 923,270,945 | [1] | $ 899,622,139 | $ 817,077,792 |
% of Net sales | 51.80% | [1] | 51.80% | 52.40% |
MSD&A | $ (681,575,822) | [1] | $ (668,783,480) | $ (619,542,751) |
% of Net sales | 38.20% | [1] | 38.20% | 39.40% |
Other operating income (expenses) | $ 227,026,626 | [1] | $ 4,055,543 | $ 4,055,543 |
Adjusted operating result | $ 468,721,749 | [1] | $ 234,894,202 | $ 200,651,720 |
Change % | 99.50% | [1] | 17.10% | 0.00% |
% of Net sales | 26.30% | [1] | 13.80% | 12.90% |
Net financial expense | $ (7,766,206) | [1] | $ (7,766,206) | $ (14,627,170) |
Equity and income of associates and joint ventures | (10,815,520) | (8,914,097) | (5,560,522) | |
Foreign currency exchange differences | 3,299,657 | (2,563,019) | 456,995 | |
Results as per adjustment units | 742,041 | [1] | (110,539) | (110,539) |
Other gains (losses) | 4,029,627 | (7,716,791) | (8,345,907) | |
Income before taxes | 458,211,348 | [1] | 196,474,395 | 170,328,270 |
Tax income (expense) | (136,126,817) | (48,365,976) | (30,246,383) | |
Net income for year | 322,084,531 | 148,108,419 | 140,081,887 | |
Non-controlling interests | (15,193,739) | (18,501,066) | (21,624,399) | |
Net income attributable to equity holders of the parent | 306,890,792 | [1] | 129,607,353 | 118,457,488 |
Depreciation and amortization | 93,289,194 | 92,199,504 | 83,528,045 | |
ORBDA | $ 562,010,943 | [1] | $ 562,010,943 | $ 327,093,706 |
Change % | 71.80% | [1] | 15.10% | 0.00% |
% of Net sales | 31.50% | [1] | 19.30% | 18.20% |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Financial Information as per_15
Financial Information as per operating segments (Details 12) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Income from continuing activities | $ 322,084,531 | $ 148,108,419 | $ 140,081,887 | |
Other gains (losses) | (4,029,627) | 7,716,791 | 8,345,907 | |
Finance income | (15,794,456) | (5,050,952) | (5,680,068) | |
Finance costs | 23,560,662 | 24,166,313 | 20,307,238 | |
Share of net loss of joint ventures and associates accounted for using the equity method | 10,815,520 | 8,914,097 | 5,560,522 | |
Foreign currency exchange differences | (3,299,657) | 2,563,019 | (456,995) | |
Result as per adjustment units | (742,041) | [1] | 110,539 | 110,539 |
Tax income (expense) | 136,126,817 | 48,365,976 | 30,246,383 | |
Adjusted operating result | 472,751,376 | 227,177,411 | 192,305,813 | |
Depreciation and amortization | 93,289,194 | 92,199,504 | 83,528,045 | |
ORBDA | $ 562,010,943 | [1] | $ 562,010,943 | $ 327,093,706 |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Financial Information as per_16
Financial Information as per operating segments (Details 13) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Distribution costs | $ (314,391,183) | $ (290,227,129) | $ (270,835,822) | |
Administrative expenses | (152,376,458) | (142,514,649) | (155,322,295) | |
Other expenses by function | (216,236,609) | (238,704,061) | (195,412,109) | |
Other expenses included in 'Other expenses by function' | 1,428,428 | 2,662,359 | 2,027,475 | |
Total MSD&A | $ (681,575,822) | [1] | $ (668,783,480) | $ (619,542,751) |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Financial Information as per_17
Financial Information as per operating segments (Details Textual) | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
CCU Argentina S.A. [Member] | |
Disclosure of operating segments [line items] | |
Gain On Termination Of License | $ 208,842,443 |
Loss On Termination Of License | 157,358,973 |
Interational Business Operating Segment [Member] | |
Disclosure of operating segments [line items] | |
Gain On Termination Of License | 211,228,960 |
Loss On Termination Of License | $ 2,386,517 |
Financial Instruments (Details)
Financial Instruments (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | $ 22,745,469 | $ 10,724,196 | ||||
Cash and cash equivalents | 319,014,050 | 170,044,602 | $ 134,033,183 | $ 192,554,239 | ||
Accounts receivable - trade and other receivable (net) | 320,702,339 | 286,213,598 | ||||
Accounts receivable from related parties | 3,048,841 | 5,810,764 | ||||
Total Accounts Receivable Current | 323,751,180 | 292,024,362 | ||||
Sub-Total financial assets | 346,496,649 | 302,748,558 | ||||
Total financial assets | 665,510,699 | 472,793,160 | ||||
Other current non-financial liabilities | 164,555,540 | 74,298,299 | ||||
Other current financial liabilities | 62,766,946 | 53,591,658 | [1] | |||
Trade and other current payables | 303,380,168 | 281,681,553 | ||||
Current payables to related parties | 6,936,910 | 10,069,043 | ||||
Other non-current financial assets | 3,325,079 | 1,918,191 | ||||
Accounts receivable - trade and other receivable (net) | 3,363,123 | 3,974,395 | ||||
Accounts receivable from related parties | 190,865 | 258,471 | ||||
Total financial assets | 6,879,067 | 6,151,057 | ||||
Account payable- trade and other payable | 12,413 | 541,783 | ||||
Accounts payable to related entities | 0 | 0 | ||||
Total Accounts Receivable Non Current | 3,553,988 | 4,232,866 | ||||
Sub-Total financial assets | 6,879,067 | 6,151,057 | ||||
Total financial liabilities | 228,197,710 | 161,543,515 | ||||
Total financial liabilities measured at amortized cost | 373,084,024 | 345,342,254 | ||||
Total financial liabilities measured at amortized cost | 228,197,710 | 161,543,515 | ||||
Derivative financial instruments | 4,997,124 | 10,416,675 | ||||
Derivative financial instruments | 0 | 0 | ||||
Derivative hedge liabilities | 1,194,502 | 1,840,188 | ||||
Derivative hedge liabilities | 157,028 | 0 | ||||
Total financial derivative liabilities | 6,191,626 | 12,256,863 | ||||
Total financial derivative liabilities | 157,028 | 0 | ||||
Total other financial liabilities | 164,555,540 | 74,298,299 | ||||
Total commercial obligations and other accounts payable | 310,317,078 | 291,750,596 | ||||
Total commercial obligations and other accounts payable | 12,413 | 541,783 | ||||
Bank borrowings [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other current non-financial liabilities | 75,200,804 | 73,886,831 | ||||
Other current financial liabilities | [2] | 38,160,178 | 24,623,746 | |||
Total other financial liabilities | 75,200,804 | 73,886,831 | ||||
Bond payable [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other current non-financial liabilities | 135,281,303 | 69,476,612 | ||||
Other current financial liabilities | 4,081,175 | 3,306,135 | ||||
Total other financial liabilities | 135,281,303 | 69,476,612 | ||||
Financial leases obligations [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other current non-financial liabilities | 17,546,162 | 17,638,289 | ||||
Other current financial liabilities | [2] | 365,972 | 176,586 | |||
Total other financial liabilities | 17,546,162 | 17,638,289 | ||||
Deposits for return of bottles and containers [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other current non-financial liabilities | 0 | 0 | ||||
Other current financial liabilities | 13,967,995 | 13,228,328 | ||||
Total other financial liabilities | 0 | 0 | ||||
Financial liabilities at amortised cost, class [member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Total financial liabilities | 228,028,269 | 161,001,732 | ||||
Total financial liabilities measured at amortized cost | 56,575,320 | 41,334,795 | ||||
Total financial liabilities measured at amortized cost | 228,028,269 | 161,001,732 | ||||
Derivative financial instruments [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,522,482 | 3,158,391 | ||||
Other non-current financial assets | 0 | 0 | ||||
Market securities and investments in other companies [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,010,433 | 7,565,805 | ||||
Other non-current financial assets | 0 | 0 | ||||
Derivative hedge assets [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 212,554 | 0 | ||||
Other non-current financial assets | $ 3,325,079 | $ 1,918,191 | ||||
[1] | See Note 21 - Other financial liabilities. | |||||
[2] | See Note 5 – Risk administration. |
Financial Instruments (Details
Financial Instruments (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | $ 26,070,548 | $ 12,642,387 | ||||
Cash and cash equivalents | 319,014,050 | 170,044,602 | $ 134,033,183 | $ 192,554,239 | ||
Accounts receivable - trade and other receivable (net) | 324,065,462 | 290,187,993 | ||||
Accounts receivable from related parties | 3,239,706 | 6,069,235 | ||||
Total accounts receivables | 324,065,462 | 290,187,993 | ||||
Total Financial Assets | 672,389,766 | 478,944,217 | ||||
Other financial liabilities | 349,083,644 | [1] | 236,421,786 | [1] | 168,118,198 | |
Account payable- trade and other payable | 303,392,581 | 282,223,336 | ||||
Accounts payable to related parties | 6,936,910 | 10,069,043 | ||||
Total financial liabilities | 386,347,952 | 263,261,589 | $ 160,489,567 | |||
Bank borrowings [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 113,360,982 | 98,510,577 | ||||
Bond payable [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 139,362,478 | 72,782,747 | ||||
Financial leases obligations [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 17,912,134 | 17,814,875 | ||||
Derivative financial instruments [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 4,997,124 | 10,416,675 | ||||
Derivative hedge liabilities [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 1,351,530 | 1,840,188 | ||||
Deposits for return of bottles and containers [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 13,967,995 | 13,228,328 | ||||
Derivative financial instruments [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,522,482 | 3,158,391 | ||||
Market securities and investments in other companies [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,010,433 | 7,565,805 | ||||
Derivative hedge assets [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 3,537,633 | 1,918,191 | ||||
At book value [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 26,070,548 | 12,642,387 | ||||
Cash and cash equivalents | 319,014,050 | 170,044,602 | ||||
Accounts receivable - trade and other receivable (net) | 327,305,168 | 296,257,228 | ||||
Accounts receivable from related parties | 3,239,706 | 6,069,235 | ||||
Total accounts receivables | 327,305,168 | 296,257,228 | ||||
Sub-Total financial assets | 353,375,716 | 308,899,615 | ||||
Total Financial Assets | 672,389,766 | 478,944,217 | ||||
Total financial derivative liabilities | 6,348,654 | 12,256,863 | ||||
Account payable- trade and other payable | 303,392,581 | 282,223,336 | ||||
Accounts payable to related parties | 6,936,910 | 10,069,043 | ||||
Total commercial obligations and other accounts payable | 310,329,491 | 292,292,379 | ||||
Total financial liabilities | 601,281,734 | 506,885,769 | ||||
At book value [Member] | Bank borrowings [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 113,360,982 | 98,510,577 | ||||
At book value [Member] | Bond payable [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 139,362,478 | 72,782,747 | ||||
At book value [Member] | Financial leases obligations [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 17,912,134 | 17,814,875 | ||||
At book value [Member] | Derivative financial instruments [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 4,997,124 | 10,416,675 | ||||
At book value [Member] | Derivative hedge liabilities [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 1,351,530 | 1,840,188 | ||||
At book value [Member] | Deposits for return of bottles and containers [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 13,967,995 | 13,228,328 | ||||
At book value [Member] | Financial liabilities at amortised cost, class [member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 284,603,589 | 202,336,527 | ||||
At book value [Member] | Derivative financial instruments [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,522,482 | 3,158,391 | ||||
At book value [Member] | Market securities and investments in other companies [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,010,433 | 7,565,805 | ||||
At book value [Member] | Derivative hedge assets [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 3,537,633 | 1,918,191 | ||||
At fair value [member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 26,070,548 | 12,642,387 | ||||
Cash and cash equivalents | 319,014,050 | 170,044,602 | ||||
Accounts receivable - trade and other receivable (net) | 327,305,168 | 296,257,228 | ||||
Accounts receivable from related parties | 3,239,706 | 6,069,235 | ||||
Total accounts receivables | 327,305,168 | 296,257,228 | ||||
Sub-Total financial assets | 353,375,716 | 308,899,615 | ||||
Total Financial Assets | 672,389,766 | 478,944,217 | ||||
Total financial derivative liabilities | 6,348,654 | 12,256,863 | ||||
Account payable- trade and other payable | 303,392,581 | 282,223,336 | ||||
Accounts payable to related parties | 6,936,910 | 10,069,043 | ||||
Total commercial obligations and other accounts payable | 310,329,491 | 292,292,379 | ||||
Total financial liabilities | 659,413,135 | 528,714,165 | ||||
At fair value [member] | Bank borrowings [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 117,211,707 | 102,062,465 | ||||
At fair value [member] | Bond payable [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 187,276,391 | 79,559,896 | ||||
At fair value [member] | Financial leases obligations [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 24,278,897 | 29,314,234 | ||||
At fair value [member] | Derivative financial instruments [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 4,997,124 | 10,416,675 | ||||
At fair value [member] | Derivative hedge liabilities [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 1,351,530 | 1,840,188 | ||||
At fair value [member] | Deposits for return of bottles and containers [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 13,967,995 | 13,228,328 | ||||
At fair value [member] | Financial liabilities at amortised cost, class [member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial liabilities | 342,734,990 | 224,164,923 | ||||
At fair value [member] | Derivative financial instruments [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,522,482 | 3,158,391 | ||||
At fair value [member] | Market securities and investments in other companies [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | 11,010,433 | 7,565,805 | ||||
At fair value [member] | Derivative hedge assets [Member] | ||||||
Disclosure of Financial Instruments [Line Items] | ||||||
Other financial assets | $ 3,537,633 | $ 1,918,191 | ||||
[1] | See Note 21 - Other financial liabilities. |
Financial Instruments (Detail_2
Financial Instruments (Details 2) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |||
Financial assets | |||||||
Other financial assets | $ 26,070,548 | $ 12,642,387 | |||||
Cash and cash equivalents | 319,014,050 | 170,044,602 | $ 134,033,183 | $ 192,554,239 | |||
Trade and other current receivables (net) | 324,065,462 | 290,187,993 | |||||
Account receivable from to related companies | 3,239,706 | 6,069,235 | |||||
Total financial assets | 672,389,766 | 478,944,217 | |||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 349,083,644 | [1] | 236,421,786 | [1] | 168,118,198 | ||
Account payable- trade and other payable | 303,392,581 | 282,223,336 | |||||
Accounts payable to related entities | 6,936,910 | 10,069,043 | |||||
Total Financial liabilities | 386,347,952 | 263,261,589 | $ 160,489,567 | ||||
Fair value with changes in income [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 4,997,124 | 10,416,675 | |||||
Account payable- trade and other payable | 0 | 0 | |||||
Accounts payable to related entities | 0 | 0 | |||||
Total Financial liabilities | 4,997,124 | 10,416,675 | |||||
Hedge derivatives [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 1,351,530 | 1,840,188 | |||||
Account payable- trade and other payable | 0 | 0 | |||||
Accounts payable to related entities | 0 | 0 | |||||
Total Financial liabilities | 1,351,530 | 1,840,188 | |||||
Financial libilities measured at amortized cost [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 284,603,589 | 202,336,527 | |||||
Account payable- trade and other payable | 303,392,581 | 282,223,336 | |||||
Accounts payable to related entities | 6,936,910 | 10,069,043 | |||||
Total Financial liabilities | [2] | 290,952,243 | 214,593,390 | ||||
Bank borrowings [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 113,360,982 | 98,510,577 | |||||
Bank borrowings [Member] | Fair value with changes in income [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Bank borrowings [Member] | Hedge derivatives [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Bank borrowings [Member] | Financial libilities measured at amortized cost [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 113,360,982 | 98,510,577 | |||||
Bond payable [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 139,362,478 | 72,782,747 | |||||
Bond payable [Member] | Fair value with changes in income [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Bond payable [Member] | Hedge derivatives [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Bond payable [Member] | Financial libilities measured at amortized cost [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 139,362,478 | 72,782,747 | |||||
Financial leases obligations [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 17,912,134 | 17,814,875 | |||||
Financial leases obligations [Member] | Fair value with changes in income [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Financial leases obligations [Member] | Hedge derivatives [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Financial leases obligations [Member] | Financial libilities measured at amortized cost [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 17,912,134 | 17,814,875 | |||||
Deposits for return of bottles and containers [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 13,967,995 | 13,228,328 | |||||
Deposits for return of bottles and containers [Member] | Fair value with changes in income [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Deposits for return of bottles and containers [Member] | Hedge derivatives [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Deposits for return of bottles and containers [Member] | Financial libilities measured at amortized cost [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 13,967,995 | 13,228,328 | |||||
Derivative financial instruments [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 4,997,124 | 10,416,675 | |||||
Derivative financial instruments [Member] | Fair value with changes in income [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 4,997,124 | 10,416,675 | |||||
Derivative financial instruments [Member] | Hedge derivatives [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Derivative financial instruments [Member] | Financial libilities measured at amortized cost [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Derivative hedge liabilities [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 1,351,530 | 1,840,188 | |||||
Derivative hedge liabilities [Member] | Fair value with changes in income [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Derivative hedge liabilities [Member] | Hedge derivatives [Member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 1,351,530 | 1,840,188 | |||||
Derivative hedge liabilities [Member] | Financial libilities measured at amortized cost [member] | |||||||
Financial liabilities | |||||||
Total financial liabilities measured at amortized cost | 0 | 0 | |||||
Derivative financial instruments [Member] | |||||||
Financial assets | |||||||
Other financial assets | 11,522,482 | 3,158,391 | |||||
Market securities and investments in other companies [Member] | |||||||
Financial assets | |||||||
Other financial assets | 11,010,433 | 7,565,805 | |||||
Derivative hedge assets [Member] | |||||||
Financial assets | |||||||
Other financial assets | 3,537,633 | 1,918,191 | |||||
Fair value with changes in income [member] | |||||||
Financial assets | |||||||
Other financial assets | 22,532,915 | 10,724,196 | |||||
Cash and cash equivalents | 0 | 0 | |||||
Trade and other current receivables (net) | 0 | 0 | |||||
Account receivable from to related companies | 0 | 0 | |||||
Total financial assets | 22,532,915 | 10,724,196 | |||||
Fair value with changes in income [member] | Derivative financial instruments [Member] | |||||||
Financial assets | |||||||
Other financial assets | 11,522,482 | 3,158,391 | |||||
Fair value with changes in income [member] | Market securities and investments in other companies [Member] | |||||||
Financial assets | |||||||
Other financial assets | 11,010,433 | 7,565,805 | |||||
Fair value with changes in income [member] | Derivative hedge assets [Member] | |||||||
Financial assets | |||||||
Other financial assets | 0 | 0 | |||||
Financial Assets Measured At Amortized Cost [Member] | |||||||
Financial assets | |||||||
Other financial assets | 0 | 0 | |||||
Cash and cash equivalents | 319,014,050 | 170,044,602 | |||||
Trade and other current receivables (net) | 324,065,462 | 290,187,993 | |||||
Account receivable from to related companies | 3,239,706 | 6,069,235 | |||||
Total financial assets | 646,319,218 | 466,301,830 | |||||
Financial Assets Measured At Amortized Cost [Member] | Derivative financial instruments [Member] | |||||||
Financial assets | |||||||
Other financial assets | 0 | 0 | |||||
Financial Assets Measured At Amortized Cost [Member] | Market securities and investments in other companies [Member] | |||||||
Financial assets | |||||||
Other financial assets | 0 | 0 | |||||
Financial Assets Measured At Amortized Cost [Member] | Derivative hedge assets [Member] | |||||||
Financial assets | |||||||
Other financial assets | 0 | 0 | |||||
Hedge derivatives [Member] | |||||||
Financial assets | |||||||
Other financial assets | 3,537,633 | 1,918,191 | |||||
Cash and cash equivalents | 0 | 0 | |||||
Trade and other current receivables (net) | 0 | 0 | |||||
Account receivable from to related companies | 0 | 0 | |||||
Total financial assets | 3,537,633 | 1,918,191 | |||||
Hedge derivatives [Member] | Derivative financial instruments [Member] | |||||||
Financial assets | |||||||
Other financial assets | 0 | 0 | |||||
Hedge derivatives [Member] | Market securities and investments in other companies [Member] | |||||||
Financial assets | |||||||
Other financial assets | 0 | 0 | |||||
Hedge derivatives [Member] | Derivative hedge assets [Member] | |||||||
Financial assets | |||||||
Other financial assets | $ 3,537,633 | $ 1,918,191 | |||||
[1] | See Note 21 - Other financial liabilities. | ||||||
[2] | View current and non-current book value in Note 7 – Financial Instruments. |
Financial Instruments (Detail_3
Financial Instruments (Details 3) $ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Disclosure of Financial Instrument [Line Items] | ||||
Derivative financial Asset | $ 11,522,482 | $ 3,158,391 | ||
Total Agreements [Member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 51 | 48 | ||
Derivative financial Asset | $ 15,060,115 | $ 5,076,582 | ||
Derivative financial Liability | $ 6,348,654 | $ 12,256,863 | ||
Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 2 | 2 | ||
Derivative financial Asset | $ 3,537,633 | $ 1,918,191 | ||
Derivative financial Liability | $ 1,351,530 | $ 1,840,188 | ||
Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 49 | 46 | ||
Derivative financial Asset | $ 11,522,482 | $ 3,158,391 | ||
Derivative financial Liability | $ 4,997,124 | $ 10,416,675 | ||
USD [Member] | Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 1 | 1 | ||
Derivative, Nominal amount | $ 2,000 | $ 2,000 | ||
Derivative financial Asset | $ 3,325,079 | $ 1,918,191 | ||
Derivative financial Liability | $ 1,194,502 | $ 1,484,538 | ||
USD [Member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 32 | 27 | ||
Derivative, Nominal amount | 269,371 | 245,641 | ||
Derivative financial Asset | $ 11,264,711 | $ 3,095,825 | ||
Derivative financial Liability | 3,832,634 | $ 9,722,619 | ||
USD [Member] | Not later than one year [member] | Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | - | |||
Derivative, Nominal amount | 0 | 0 | ||
Derivative financial Asset | 0 | $ 0 | ||
Derivative financial Liability | 1,194,502 | 1,484,538 | ||
USD [Member] | Not later than one year [member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Derivative, Nominal amount | 79,326 | 65,598 | ||
Derivative financial Asset | 225,815 | 44,474 | ||
Derivative financial Liability | 1,153,302 | 694,056 | ||
CLP [Member] | Not later than one year [member] | Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Derivative, Nominal amount | 0 | 7,872 | ||
Derivative financial Asset | 212,554 | 0 | ||
Derivative financial Liability | 0 | 355,650 | ||
CLP [Member] | Later than one year and not later than five years [member] | Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Derivative, Nominal amount | 2,000 | 2,000 | ||
Derivative financial Asset | 3,325,079 | 1,918,191 | ||
Derivative financial Liability | $ 0 | $ 0 | ||
Euro [Member] | Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 1 | 1 | ||
Derivative, Nominal amount | 11,600 | 7,872 | ||
Derivative financial Asset | $ 212,554 | $ 0 | ||
Derivative financial Liability | $ 157,028 | $ 355,650 | ||
Euro [Member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 10 | 14 | ||
Derivative, Nominal amount | 79,326 | 65,598 | ||
Derivative financial Asset | $ 225,815 | $ 44,474 | ||
Derivative financial Liability | 1,153,302 | 694,056 | ||
Euro [Member] | Not later than one year [member] | Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Derivative, Nominal amount | 269,371 | 245,641 | ||
Derivative financial Asset | 11,264,711 | 3,095,825 | ||
Derivative financial Liability | 3,832,634 | 9,722,619 | ||
Euro [Member] | Not later than one year [member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Derivative, Nominal amount | 2,650 | 1,750 | ||
Derivative financial Asset | 28,381 | 15,530 | ||
Derivative financial Liability | $ 3,986 | $ 0 | ||
Euro [Member] | Later than one year and not later than five years [member] | Interest rate swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | -  | -  | ||
Derivative, Nominal amount | 11,600 | 0 | ||
Derivative financial Asset | $ 0 | $ 0 | ||
Derivative financial Liability | $ 157,028 | $ 0 | ||
CAD [Member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 3 | 3 | ||
Derivative, Nominal amount | 2,650 | 1,750 | ||
Derivative financial Asset | $ 28,381 | $ 15,530 | ||
Derivative financial Liability | 3,986 | 0 | ||
CAD [Member] | Not later than one year [member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Derivative, Nominal amount | 1,030 | 480 | ||
Derivative financial Asset | 3,575 | 2,562 | ||
Derivative financial Liability | $ 7,202 | $ 0 | ||
GBP [Member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 4 | 2 | ||
Derivative, Nominal amount | $ 1,030 | $ 480 | ||
Derivative financial Asset | $ 3,575 | $ 2,562 | ||
Derivative financial Liability | $ 7,202 | $ 0 | ||
GBP [Member] | Not later than one year [member] | Currency swap contract [member] | ||||
Disclosure of Financial Instrument [Line Items] | ||||
Number of agreements | 4  |
Financial Instruments (Detail_4
Financial Instruments (Details 4) - CLP ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
USD [Member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Nature of risks covered | Flow interest rate and exchange rate on bank bonds | |
USD [Member] | Scotiabank Chile [Member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Nature of risks covered | Flow interest rate and exchange rate on bank bonds | |
Financial assets and liabilities, at fair value | $ 55,526 | $ (355,650) |
Maturity | 06-18-2021 | 06-18-2018 |
USD [Member] | Scotiabank Chile [Member] | Loan commitments [member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Financial assets and liabilities, at fair value | $ 8,201,343 | $ 5,216,495 |
USD [Member] | Scotiabank Chile [Member] | Financial Rights [Member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Financial assets and liabilities, at fair value | $ 8,256,869 | $ 4,860,845 |
UF [Member] | Banco de Chile [Member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Nature of risks covered | Flow interest rate on bank bonds | |
Financial assets and liabilities, at fair value | $ 2,130,577 | |
Maturity | 09-15-2021 | |
UF [Member] | Banco de Chile [Member] | Loan commitments [member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Financial assets and liabilities, at fair value | $ 58,257,462 | |
UF [Member] | Banco de Chile [Member] | Financial Rights [Member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Financial assets and liabilities, at fair value | $ 60,388,039 | |
CLP [Member] | Banco de Chile [Member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Nature of risks covered | Flow interest rate on bank bonds | |
Financial assets and liabilities, at fair value | $ 433,653 | |
Maturity | 09-15-2021 | |
CLP [Member] | Banco de Chile [Member] | Loan commitments [member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Financial assets and liabilities, at fair value | $ 60,207,174 | |
CLP [Member] | Banco de Chile [Member] | Financial Rights [Member] | ||
Disclosure of Financial Instruments [Line Items] | ||
Financial assets and liabilities, at fair value | $ 60,640,827 |
Financial Instruments (Detail_5
Financial Instruments (Details 5) - CLP ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Financial Instrument [Line Items] | ||
Derivative financial instruments | $ 11,522,482,000 | $ 3,158,391,000 |
Market securities and investments in other companies | 11,010,433,000 | 7,565,805,000 |
Derivative hedge assets | 3,537,633,000 | 1,918,191,000 |
Total other financial assets | 26,070,548 | 12,642,387,000 |
Derivative hedge liabilities | 1,351,530,000 | 1,840,188,000 |
Derivative financial instruments | 4,997,124,000 | 10,416,675,000 |
Total financial derivative liabilities | 6,348,654,000 | 12,256,863,000 |
Fair value hierarchyLevel 1 [member] | ||
Disclosure of Financial Instrument [Line Items] | ||
Derivative financial instruments | 0 | 0 |
Market securities and investments in other companies | 11,010,433,000 | 7,565,805,000 |
Derivative hedge assets | 0 | 0 |
Total other financial assets | 11,010,433 | 7,565,805,000 |
Derivative hedge liabilities | 0 | 0 |
Derivative financial instruments | 0 | 0 |
Total financial derivative liabilities | 0 | 0 |
Fair value hierarchyLevel 2 [member] | ||
Disclosure of Financial Instrument [Line Items] | ||
Derivative financial instruments | 11,522,482,000 | 3,158,391,000 |
Market securities and investments in other companies | 0 | 0 |
Derivative hedge assets | 3,537,633,000 | 1,918,191,000 |
Total other financial assets | 15,060,115 | 5,076,582,000 |
Derivative hedge liabilities | 1,351,530,000 | 1,840,188,000 |
Derivative financial instruments | 4,997,124,000 | 10,416,675,000 |
Total financial derivative liabilities | 6,348,654,000 | 12,256,863,000 |
Fair value hierarchyLevel 3 [member] | ||
Disclosure of Financial Instrument [Line Items] | ||
Derivative financial instruments | 0 | 0 |
Market securities and investments in other companies | 0 | 0 |
Derivative hedge assets | 0 | 0 |
Total other financial assets | 0 | 0 |
Derivative hedge liabilities | 0 | 0 |
Derivative financial instruments | 0 | 0 |
Total financial derivative liabilities | $ 0 | $ 0 |
Financial Instruments (Detail_6
Financial Instruments (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Gains (losses) on cash flow hedges, before tax | $ 63,008 | [1] | $ (5,661) | $ 84,962 | [1] |
[1] | These concepts will be reclassified to the Statement of Income when it’s settled. |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | $ 221,071 | $ 97,228 | $ 106,203 | |
Bank balances | 64,085,358 | 45,389,589 | 41,519,788 | |
Cash | 64,306,429 | 45,486,817 | 41,625,991 | |
Time deposits | 600,200 | 4,804,224 | 14,955,778 | |
Securities purchased under resale agreements | 196,319,058 | 102,695,758 | 75,447,904 | |
Investments in mutual funds | 10,194,222 | 16,586,749 | 24,772 | |
Short term investments classified as cash equivalents | 206,513,280 | 119,282,507 | 75,472,676 | |
Cash equivalents | 253,236,558 | 124,086,731 | 90,428,454 | |
Overnight deposits | 1,471,063 | 471,054 | 1,978,738 | |
Total other cash and cash equivalents | 1,471,063 | 471,054 | 1,978,738 | |
Total | $ 319,014,050 | $ 170,044,602 | $ 134,033,183 | $ 192,554,239 |
Cash and cash equivalents (De_2
Cash and cash equivalents (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | $ 221,071 | $ 97,228 | $ 106,203 | |
Bank balances | 64,085,358 | 45,389,589 | 41,519,788 | |
Cash | 64,306,429 | 45,486,817 | 41,625,991 | |
Time deposits | 600,200 | 4,804,224 | 14,955,778 | |
Securities purchased under resale agreements | 196,319,058 | 102,695,758 | 75,447,904 | |
Investments in mutual funds | 10,194,222 | 16,586,749 | 24,772 | |
Short term investments classified as cash equivalents | 206,513,280 | 119,282,507 | 75,472,676 | |
Cash equivalents | 253,236,558 | 124,086,731 | 90,428,454 | |
Overnight deposits | 1,471,063 | 471,054 | 1,978,738 | |
Total other cash and cash equivalents | 1,471,063 | 471,054 | 1,978,738 | |
Total | 319,014,050 | 170,044,602 | 134,033,183 | $ 192,554,239 |
chilean Peso [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 77,940 | 75,623 | 100,921 | |
Bank balances | 39,692,222 | 30,110,816 | 27,164,330 | |
Cash | 39,770,162 | 30,186,439 | 27,265,251 | |
Time deposits | 24,755,756 | 4,804,224 | 14,754,416 | |
Securities purchased under resale agreements | 196,319,058 | 102,695,758 | 75,447,904 | |
Investments in mutual funds | 0 | 0 | 0 | |
Short term investments classified as cash equivalents | 196,319,058 | 102,695,758 | 75,447,904 | |
Cash equivalents | 221,074,814 | 107,499,982 | 90,202,320 | |
Overnight deposits | 0 | 0 | 0 | |
Total other cash and cash equivalents | 0 | 0 | 0 | |
Total | 260,844,976 | 137,686,421 | 117,467,571 | |
US Dollar [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 5,290 | 16,154 | 788 | |
Bank balances | 17,550,277 | 4,691,411 | 6,479,095 | |
Cash | 17,555,567 | 4,707,565 | 6,479,883 | |
Time deposits | 0 | 0 | 0 | |
Securities purchased under resale agreements | 0 | 0 | 0 | |
Investments in mutual funds | 0 | 0 | 0 | |
Short term investments classified as cash equivalents | 0 | 0 | 0 | |
Cash equivalents | 0 | 0 | 0 | |
Overnight deposits | 1,471,063 | 471,054 | 1,978,738 | |
Total other cash and cash equivalents | 1,471,063 | 471,054 | 1,978,738 | |
Total | 19,026,630 | 5,178,619 | 8,458,621 | |
Euro [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 0 | 0 | 0 | |
Bank balances | 954,640 | 182,966 | 786,887 | |
Cash | 954,640 | 182,966 | 786,887 | |
Time deposits | 0 | 0 | 0 | |
Securities purchased under resale agreements | 0 | 0 | 0 | |
Investments in mutual funds | 0 | 0 | 0 | |
Short term investments classified as cash equivalents | 0 | 0 | 0 | |
Cash equivalents | 0 | 0 | 0 | |
Overnight deposits | 0 | 0 | 0 | |
Total other cash and cash equivalents | 0 | 0 | 0 | |
Total | 954,640 | 182,966 | 786,887 | |
Argentinean Pesos [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 5,477 | 5,451 | 4,494 | |
Bank balances | 1,039,825 | 1,391,103 | 2,158,115 | |
Cash | 1,045,302 | 1,396,554 | 2,162,609 | |
Time deposits | 21,967,522 | 0 | 201,362 | |
Securities purchased under resale agreements | 0 | 0 | 0 | |
Investments in mutual funds | 10,194,222 | 16,586,749 | 24,772 | |
Short term investments classified as cash equivalents | 10,194,222 | 16,586,749 | 24,772 | |
Cash equivalents | 32,161,744 | 16,586,749 | 226,134 | |
Overnight deposits | 0 | 0 | 0 | |
Total other cash and cash equivalents | 0 | 0 | 0 | |
Total | 33,207,046 | 17,983,303 | 2,388,743 | |
Uruguayan Peso [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 0 | 0 | 0 | |
Bank balances | 548,975 | 718,348 | 1,136,783 | |
Cash | 548,975 | 718,348 | 1,136,783 | |
Time deposits | 0 | 0 | 0 | |
Securities purchased under resale agreements | 0 | 0 | 0 | |
Investments in mutual funds | 0 | 0 | 0 | |
Short term investments classified as cash equivalents | 0 | 0 | 0 | |
Cash equivalents | 0 | 0 | 0 | |
Overnight deposits | 0 | 0 | 0 | |
Total other cash and cash equivalents | 0 | 0 | 0 | |
Total | 548,975 | 718,348 | 1,136,783 | |
Paraguayan Guarani [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 0 | 0 | 0 | |
Bank balances | 2,495,748 | 7,758,211 | 3,291,550 | |
Cash | 2,495,748 | 7,758,211 | 3,291,550 | |
Time deposits | 0 | 0 | 0 | |
Securities purchased under resale agreements | 0 | 0 | 0 | |
Investments in mutual funds | 0 | 0 | 0 | |
Short term investments classified as cash equivalents | 0 | 0 | 0 | |
Cash equivalents | 0 | 0 | 0 | |
Overnight deposits | 0 | 0 | 0 | |
Total other cash and cash equivalents | 0 | 0 | 0 | |
Total | 2,495,748 | 7,758,211 | 3,291,550 | |
Bolivian [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 132,364 | 0 | 0 | |
Bank balances | 1,127,401 | 0 | 0 | |
Cash | 1,259,765 | 0 | 0 | |
Time deposits | 0 | 0 | 0 | |
Securities purchased under resale agreements | 0 | 0 | 0 | |
Investments in mutual funds | 0 | 0 | 0 | |
Short term investments classified as cash equivalents | 0 | 0 | 0 | |
Cash equivalents | 0 | 0 | 0 | |
Overnight deposits | 0 | 0 | 0 | |
Total other cash and cash equivalents | 0 | 0 | 0 | |
Total | 1,259,765 | 0 | 0 | |
Others [Member] | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||
Cash on hand | 0 | 0 | 0 | |
Bank balances | 676,270 | 536,734 | 503,028 | |
Cash | 676,270 | 536,734 | 503,028 | |
Time deposits | 0 | 0 | 0 | |
Securities purchased under resale agreements | 0 | 0 | 0 | |
Investments in mutual funds | 0 | 0 | 0 | |
Short term investments classified as cash equivalents | 0 | 0 | 0 | |
Cash equivalents | 0 | 0 | 0 | |
Overnight deposits | 0 | 0 | 0 | |
Total other cash and cash equivalents | 0 | 0 | 0 | |
Total | $ 676,270 | $ 536,734 | $ 503,028 |
Cash and cash equivalents (De_3
Cash and cash equivalents (Details 2) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | [1] | 11-30-2018 | 12-29-2016 | ||
Due date of deposits | [1] | 01-30-2019 | 01-06-2017 | ||
Deposits monthly interest rate | 0.23% | 0.33% | [1] | ||
Long-term deposits | $ 600,200 | $ 4,804,224 | $ 14,955,778 | ||
Banco de Chile Due On January 30 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Deposits monthly interest rate | 3.50% | ||||
CLP [Member] | Banco Santander - Chile Due on January 05, 2017 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-27-2016 | ||||
Due date of deposits | 01-05-2017 | ||||
Deposits monthly interest rate | 0.33% | ||||
Long-term deposits | $ 1,250,550 | ||||
CLP [Member] | Banco Santander - Chile Due on January 10, 2017 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-28-2016 | ||||
Due date of deposits | 01-10-2017 | ||||
Deposits monthly interest rate | 0.33% | ||||
Long-term deposits | $ 2,400,792 | ||||
CLP [Member] | Banco Santander - Chile Due on January 25, 2017 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-29-2016 | ||||
Due date of deposits | 01-25-2017 | ||||
Deposits monthly interest rate | 0.34% | ||||
Long-term deposits | $ 5,701,292 | ||||
CLP [Member] | Banco Santander - Chile Due on January 26, 2017 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-28-2016 | ||||
Due date of deposits | 01-26-2017 | ||||
Deposits monthly interest rate | 0.33% | ||||
Long-term deposits | $ 5,401,782 | ||||
CLP [Member] | Banco de Chile Due On January 09 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-24-2018 | ||||
Due date of deposits | 01-09-2019 | ||||
Deposits monthly interest rate | 0.21% | ||||
Long-term deposits | $ 1,250,613 | ||||
CLP [Member] | Banco Santander Chile Due On January 10 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-18-2018 | ||||
Due date of deposits | 01-10-2019 | ||||
Deposits monthly interest rate | 0.25% | ||||
Long-term deposits | $ 2,803,033 | ||||
CLP [Member] | Banco Santander Chile1 Due On January 10 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-19-2018 | ||||
Due date of deposits | 01-10-2019 | ||||
Deposits monthly interest rate | 0.26% | ||||
Long-term deposits | $ 10,010,400 | ||||
CLP [Member] | Banco Santander Chile Due On January 24 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-27-2018 | ||||
Due date of deposits | 01-24-2019 | ||||
Deposits monthly interest rate | 0.25% | ||||
Long-term deposits | $ 10,003,333 | ||||
CLP [Member] | Banco Consorcio - Chile [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-20-2017 | ||||
Due date of deposits | 01-03-2018 | ||||
Deposits monthly interest rate | 0.24% | ||||
Long-term deposits | $ 4,804,224 | ||||
ARS [Member] | Banco Frances - Argentina [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-12-2016 | ||||
Due date of deposits | 01-11-2017 | ||||
Deposits monthly interest rate | 1.60% | ||||
Long-term deposits | $ 201,362 | ||||
ARS [Member] | Banco Frances - Argentina [Member] | Banco Frances - Argentina Due On March 07, 2019 | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-07-2018 | ||||
Due date of deposits | 03-07-2019 | ||||
Deposits monthly interest rate | 0.53% | ||||
Long-term deposits | $ 5,921,330 | ||||
ARS [Member] | Banco Frances - Argentina [Member] | Banco Frances - Argentina Due On March 12, 2019 | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-12-2018 | ||||
Due date of deposits | 03-12-2019 | ||||
Deposits monthly interest rate | 0.50% | ||||
Long-term deposits | $ 5,110,766 | ||||
ARS [Member] | Banco Frances - Argentina [Member] | Banco Itaú - Argentina Due On January 07, 2019 | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 11-07-2018 | ||||
Due date of deposits | 01-07-2019 | ||||
Deposits monthly interest rate | 0.58% | ||||
Long-term deposits | $ 6,013,947 | ||||
ARS [Member] | HSBC Bank Chile [Member] | Banco HSBC - Argentina Due On March 12, 2019 | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-12-2018 | ||||
Due date of deposits | 03-12-2019 | ||||
Deposits monthly interest rate | 0.50% | ||||
Long-term deposits | $ 4,921,479 | ||||
USD [Member] | Banco de Chile Due On January 30 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-21-2018 | ||||
Due date of deposits | 01-30-2019 | ||||
Long-term deposits | $ 486,812 | ||||
USD [Member] | Banco de Chile Due On January 25 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-26-2018 | ||||
Due date of deposits | 01-25-2019 | ||||
Deposits monthly interest rate | 3.25% | ||||
Long-term deposits | $ 139,017 | ||||
USD [Member] | Banco de Chile1 Due On January 25 2019 [Member] | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||
Date of investment of deposits | 12-27-2018 | ||||
Due date of deposits | 01-25-2019 | ||||
Deposits monthly interest rate | 2.75% | ||||
Long-term deposits | $ 62,548 | ||||
[1] | All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. |
Cash and cash equivalents (De_4
Cash and cash equivalents (Details 3) - CLP ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 11-30-2018 | 12-29-2016 | |||
Due date | [1] | 01-30-2019 | 01-06-2017 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 600,200 | $ 4,804,224 | $ 14,955,778 | |||
Monthly interest rate (%) | 0.23% | 0.33% | [1] | |||
Banco del Estado de Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | [1] | BanChile Corredores de Bolsa S.A. | [1] | |
Date of placement | 12-17-2018 | 12-14-2017 | [1] | 12-28-2016 | [1] | |
Due date | 01-04-2019 | 01-05-2018 | [1] | 01-04-2017 | [1] | |
Currency | CLP | CLP | [1] | CLP | [1] | |
Amount | $ 6,807,616 | $ 144,116 | [1] | $ 3,602,675 | [1] | |
Monthly interest rate (%) | 0.24% | 0.24% | [1] | 0.32% | [1] | |
Scotiabank Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | [1] | BanChile Corredores de Bolsa S.A. | [1] | |
Date of placement | 12-20-2018 | |||||
Due date | 01-10-2019 | |||||
Currency | CLP | |||||
Amount | $ 3,552,994 | |||||
Monthly interest rate (%) | 0.23% | |||||
Scotiabank Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | [1] | BanChile Corredores de Bolsa S.A. | [1] | |
Date of placement | 12-21-2018 | 12-12-2017 | [1] | 12-28-2016 | [1] | |
Due date | 01-10-2019 | 01-05-2018 | [1] | 01-04-2017 | [1] | |
Currency | CLP | CLP | [1] | CLP | [1] | |
Amount | $ 1,196,505 | $ 369,413 | [1] | $ 2,044,419 | [1] | |
Monthly interest rate (%) | 0.23% | 0.24% | [1] | 0.32% | [1] | |
Banco BICE - Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | [1] | BancoEstado S.A. Corredores de Bolsa | [1] | |
Date of placement | 12-21-2018 | 12-28-2017 | [1] | 12-29-2016 | [1] | |
Due date | 01-10-2019 | 01-10-2018 | [1] | 01-05-2017 | [1] | |
Currency | CLP | CLP | [1] | CLP | [1] | |
Amount | $ 1,997,067 | $ 2,000,500 | [1] | $ 105,017 | [1] | |
Monthly interest rate (%) | 0.23% | 0.25% | [1] | 0.33% | [1] | |
Banco Security - Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | [1] | |||
Date of placement | 12-21-2018 | |||||
Due date | 01-10-2019 | |||||
Currency | CLP | |||||
Amount | $ 709,418 | |||||
Monthly interest rate (%) | 0.23% | |||||
Banco de Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-21-2018 | 12-22-2017 | 12-28-2016 | ||
Due date | [1] | 01-10-2019 | 01-05-2018 | 01-04-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 296,155 | $ 3,672,751 | [1] | $ 3,531,124 | [1] | |
Monthly interest rate (%) | 0.23% | 0.25% | [1] | 0.32% | [1] | |
Banco Security - Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | |||
Date of placement | [1] | 12-21-2018 | 12-14-2017 | |||
Due date | [1] | 01-10-2019 | 01-05-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 184,213 | $ 3,796,772 | [1] | |||
Monthly interest rate (%) | 0.23% | 0.24% | [1] | |||
Scotiabank Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-21-2018 | 12-14-2017 | 12-28-2016 | ||
Due date | [1] | 01-16-2019 | 01-05-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 283,475 | $ 6,006,912 | [1] | $ 1,116,326 | [1] | |
Monthly interest rate (%) | 0.23% | 0.24% | [1] | 0.32% | [1] | |
Banco Security - Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-21-2018 | 12-12-2017 | |||
Due date | [1] | 01-16-2019 | 01-05-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 91,813 | $ 2,935,603 | [1] | |||
Monthly interest rate (%) | 0.23% | 0.24% | [1] | |||
Banco de Credito e Inversiones - Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-14-2018 | 12-14-2017 | 12-28-2016 | ||
Due date | [1] | 01-02-2019 | 01-05-2018 | 01-16-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 1,911,598 | $ 196,591 | [1] | $ 1,241,355 | [1] | |
Monthly interest rate (%) | 0.24% | 0.24% | [1] | 0.32% | [1] | |
Banco Itau Corpbanca - Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BBVA Corredores de Bolsa Ltda. | BanChile Corredores de Bolsa S.A. | [1] | BancoEstado S.A. Corredores de Bolsa | [1] | |
Date of placement | 11-30-2018 | 12-26-2017 | [1] | 12-30-2016 | [1] | |
Due date | 01-04-2019 | 01-05-2018 | [1] | 01-10-2017 | [1] | |
Currency | CLP | CLP | [1] | CLP | [1] | |
Amount | $ 2,216,658 | $ 1,591,406 | [1] | $ 3,000,280 | [1] | |
Monthly interest rate (%) | 0.26% | 0.24% | [1] | 0.28% | [1] | |
Banco de Credito e Inversiones - Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 12-24-2018 | 12-26-2017 | 12-29-2016 | ||
Due date | [1] | 01-10-2019 | 01-05-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 950,991 | $ 2,910,394 | [1] | $ 1,549,449 | [1] | |
Monthly interest rate (%) | 0.24% | 0.24% | [1] | 0.31% | [1] | |
Banco Itau Corpbanca - Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | BancoEstado S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-17-2018 | 12-29-2017 | |||
Due date | [1] | 01-02-2019 | 01-10-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 7,880,787 | $ 2,000,333 | [1] | |||
Monthly interest rate (%) | 0.25% | 0.25% | [1] | |||
Banco del Estado de Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-26-2018 | 12-22-2017 | 12-28-2016 | ||
Due date | [1] | 01-10-2019 | 01-05-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 1,100,440 | $ 2,631,974 | [1] | $ 1,205,429 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.32% | [1] | |
Banco del Estado de Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-26-2018 | 12-28-2017 | 12-28-2016 | ||
Due date | [1] | 01-10-2019 | 01-04-2018 | 01-16-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 490,196 | $ 80,020 | [1] | $ 435,612 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.32% | [1] | |
Banco de Credito e Inversiones - Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 12-26-2018 | 12-22-2017 | 12-27-2016 | ||
Due date | [1] | 01-30-2019 | 01-03-2018 | 01-03-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 8,848,606 | $ 5,003,750 | [1] | $ 925,383 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.31% | [1] | |
Banco de Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-26-2018 | 12-28-2017 | 12-28-2016 | ||
Due date | [1] | 01-10-2019 | 01-05-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 5,001,235 | $ 2,750,688 | [1] | $ 1,679,525 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.32% | [1] | |
Banco del Estado de Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-14-2018 | 12-28-2017 | 12-29-2016 | ||
Due date | [1] | 01-02-2019 | 01-05-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 7,009,520 | $ 3,000,750 | [1] | $ 1,725,807 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.31% | [1] | |
Scotiabank Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-28-2018 | 12-28-2017 | 12-28-2016 | ||
Due date | [1] | 01-15-2019 | 01-05-2018 | 01-16-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 3,500,840 | $ 5,001,250 | [1] | $ 1,865,909 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.32% | [1] | |
Banco de Credito e Inversiones - Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BancoEstado Corredores de Bolsa S.A. | |||||
Date of placement | 12-27-2018 | 12-28-2017 | [1] | 12-29-2016 | [1] | |
Due date | 01-15-2019 | 01-05-2018 | [1] | 01-10-2017 | [1] | |
Currency | CLP | CLP | [1] | CLP | [1] | |
Amount | $ 3,001,000 | $ 4,001,000 | [1] | $ 6,019,097 | [1] | |
Monthly interest rate (%) | 0.25% | 0.25% | [1] | 0.33% | [1] | |
Banco Security - Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-14-2018 | 12-28-2017 | |||
Due date | [1] | 01-02-2019 | 01-05-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 5,690,513 | $ 1,000,250 | [1] | |||
Monthly interest rate (%) | 0.24% | 0.25% | [1] | |||
BBVA Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado S.A. Corredores de Bolsa | ||||
Date of placement | [1] | 12-28-2017 | 12-29-2016 | |||
Due date | [1] | 01-05-2018 | 01-10-2017 | |||
Currency | [1] | CLP | CLP | |||
Amount | [1] | $ 1,000,250 | $ 3,933,092 | |||
Monthly interest rate (%) | [1] | 0.25% | 0.33% | |||
Banco de Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-13-2018 | 12-28-2017 | 12-28-2016 | ||
Due date | [1] | 01-14-2019 | 01-10-2018 | 01-16-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 4,105,904 | $ 4,251,063 | [1] | $ 872,178 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.32% | [1] | |
Scotiabank Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 12-28-2018 | 12-29-2017 | 12-29-2016 | ||
Due date | [1] | 01-15-2019 | 01-10-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 1,500,360 | $ 3,238,217 | [1] | $ 5,799,890 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.31% | [1] | |
Banco Itau Corpbanca - Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-17-2018 | ||||
Due date | [1] | 01-16-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 1,230,260 | |||||
Monthly interest rate (%) | 0.25% | |||||
Banco Security - Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | Valores Security S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-20-2018 | 12-29-2017 | |||
Due date | [1] | 01-30-2019 | 01-10-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 500,440 | $ 1,938,656 | [1] | |||
Monthly interest rate (%) | 0.24% | 0.25% | [1] | |||
Banco de Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 12-14-2018 | 12-28-2017 | 12-29-2016 | ||
Due date | [1] | 01-02-2019 | 01-30-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 1,094,729 | $ 1,250,313 | [1] | $ 1,427,025 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.31% | [1] | |
Scotiabank Chile Five [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-24-2018 | 12-29-2017 | 12-29-2016 | ||
Due date | [1] | 01-10-2019 | 01-10-2018 | 01-06-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 199,653 | $ 340,057 | [1] | $ 3,916,539 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.33% | [1] | |
Scotiabank Chile Six [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BBVA Corredores de Bolsa Ltda. | |||
Date of placement | [1] | 12-26-2018 | 12-22-2017 | |||
Due date | [1] | 01-30-2019 | 01-10-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 4,829,042 | $ 2,628,752 | [1] | |||
Monthly interest rate (%) | 0.24% | 0.25% | [1] | |||
Banco Santander - Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-14-2018 | 12-22-2017 | 12-28-2016 | ||
Due date | [1] | 01-30-2019 | 01-10-2018 | 01-04-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 250,340 | $ 1,974,698 | [1] | $ 674,935 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.32% | [1] | |
Banco de Chile Five [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-26-2018 | 12-28-2017 | 12-29-2016 | ||
Due date | [1] | 01-30-2019 | 01-15-2018 | 01-10-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 2,634,725 | $ 3,800,950 | [1] | $ 500,110 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.33% | [1] | |
Banco del Estado de Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 12-26-2018 | 12-28-2017 | 12-29-2016 | ||
Due date | [1] | 01-30-2019 | 01-04-2018 | 01-10-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 6,702,680 | $ 950,238 | [1] | $ 2,400,528 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.33% | [1] | |
Banco Santander - Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 12-26-2018 | 12-22-2017 | 12-28-2016 | ||
Due date | [1] | 01-30-2019 | 01-10-2018 | 01-16-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 6,560,550 | $ 1,000,750 | [1] | $ 261,444 | [1] | |
Monthly interest rate (%) | 0.24% | 0.25% | [1] | 0.32% | [1] | |
Banco Internacional - Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado S.A. Corredores de Bolsa | ||||
Date of placement | [1] | 12-28-2017 | ||||
Due date | [1] | 01-10-2018 | ||||
Currency | [1] | CLP | ||||
Amount | [1] | $ 944,884 | ||||
Monthly interest rate (%) | [1] | 0.25% | ||||
Banco Santander - Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | BancoEstado S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-17-2018 | 12-28-2017 | 12-29-2016 | ||
Due date | [1] | 01-02-2019 | 01-10-2018 | 01-10-2017 | ||
Currency | [1] | CLP | CLP | CLP | ||
Amount | $ 2,876,187 | $ 8,475,346 | [1] | $ 3,500,770 | [1] | |
Monthly interest rate (%) | 0.25% | 0.25% | [1] | 0.33% | [1] | |
Banco del Estado de Chile Five [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | [1] | BancoEstado S.A. Corredores de Bolsa | [1] | |
Date of placement | 12-27-2018 | 12-28-2017 | [1] | 12-29-2016 | [1] | |
Due date | 01-15-2019 | 01-04-2018 | [1] | 01-05-2017 | [1] | |
Currency | CLP | CLP | [1] | CLP | [1] | |
Amount | $ 472,241 | $ 225,056 | [1] | $ 6,101,342 | [1] | |
Monthly interest rate (%) | 0.25% | 0.25% | [1] | 0.33% | [1] | |
Banco del Estado de Chile Six [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BBVA Corredores de Bolsa Ltda. | BancoEstado S.A. Corredores de Bolsa | [1] | BancoEstado S.A. Corredores de Bolsa | [1] | |
Date of placement | 11-30-2018 | 12-28-2017 | [1] | 12-30-2016 | [1] | |
Due date | 01-04-2019 | 01-30-2018 | [1] | 01-10-2017 | [1] | |
Currency | CLP | CLP | [1] | CLP | [1] | |
Amount | $ 3,899,730 | $ 8,102,025 | [1] | $ 1,600,149 | [1] | |
Monthly interest rate (%) | 0.26% | 0.25% | [1] | 0.28% | [1] | |
Banco de Credito e Inversiones - Chile Five [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-13-2018 | 12-29-2017 | |||
Due date | [1] | 01-16-2019 | 01-10-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 233,620 | $ 2,524,410 | [1] | |||
Monthly interest rate (%) | 0.25% | 0.25% | [1] | |||
Banco Itau Corpbanca - Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | BancoEstado S.A. Corredores de Bolsa | |||
Date of placement | [1] | 12-19-2018 | 12-28-2017 | |||
Due date | [1] | 01-10-2019 | 01-10-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 1,963,352 | $ 3,833,082 | [1] | |||
Monthly interest rate (%) | 0.26% | 0.25% | [1] | |||
BBVA Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado S.A. Corredores de Bolsa | ||||
Date of placement | [1] | 12-27-2017 | 12-29-2016 | |||
Due date | [1] | 01-08-2018 | 01-10-2017 | |||
Currency | [1] | CLP | CLP | |||
Amount | [1] | $ 1,700,567 | $ 1,350,297 | |||
Monthly interest rate (%) | [1] | 0.25% | 0.33% | |||
BBVA Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado S.A. Corredores de Bolsa | ||||
Date of placement | [1] | 12-18-2017 | 12-29-2016 | |||
Due date | [1] | 01-18-2018 | 01-20-2017 | |||
Currency | [1] | CLP | CLP | |||
Amount | [1] | $ 290,289 | $ 82,974 | |||
Monthly interest rate (%) | [1] | 0.23% | 0.33% | |||
Scotiabank Chile Seven [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-17-2018 | 12-28-2017 | |||
Due date | [1] | 01-16-2019 | 01-30-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 1,474,627 | $ 1,455,543 | [1] | |||
Monthly interest rate (%) | 0.25% | 0.23% | [1] | |||
BBVA Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado S.A. Corredores de Bolsa | ||||
Date of placement | [1] | 12-28-2017 | 12-29-2016 | |||
Due date | [1] | 01-30-2018 | 01-05-2017 | |||
Currency | [1] | CLP | CLP | |||
Amount | [1] | $ 2,425,349 | $ 725,160 | |||
Monthly interest rate (%) | [1] | 0.23% | 0.33% | |||
Banco Security - Chile Five [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BancoEstado Corredores de Bolsa S.A. | |||||
Date of placement | 12-26-2018 | 12-27-2017 | [1] | |||
Due date | 01-30-2019 | 01-10-2018 | [1] | |||
Currency | CLP | CLP | [1] | |||
Amount | $ 4,881,954 | $ 280,086 | [1] | |||
Monthly interest rate (%) | 0.24% | 0.23% | [1] | |||
Banco Itau Corpbanca - Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | ||
Date of placement | [1] | 12-26-2018 | 12-14-2017 | |||
Due date | [1] | 01-30-2019 | 01-05-2018 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 1,650,525 | $ 970,704 | [1] | |||
Monthly interest rate (%) | 0.24% | 0.24% | [1] | |||
Banco de Chile Six [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BancoEstado Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | [1] | |||
Date of placement | 12-27-2018 | 12-29-2016 | [1] | |||
Due date | 01-15-2019 | 01-16-2017 | [1] | |||
Currency | CLP | CLP | [1] | |||
Amount | $ 3,279,009 | $ 4,000,880 | [1] | |||
Monthly interest rate (%) | 0.25% | 0.33% | [1] | |||
Banco de Chile Seven [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BancoEstado Corredores de Bolsa S.A. | |||||
Date of placement | 12-27-2018 | 12-29-2016 | [1] | |||
Due date | 01-10-2019 | 01-20-2017 | [1] | |||
Currency | CLP | CLP | [1] | |||
Amount | $ 600,200 | $ 1,917,467 | [1] | |||
Monthly interest rate (%) | 0.25% | 0.33% | [1] | |||
Banco de Chile Eight [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-13-2018 | 12-29-2016 | |||
Due date | [1] | 01-02-2019 | 01-03-2017 | |||
Currency | [1] | CLP | CLP | |||
Amount | $ 3,550,258 | $ 250,055 | [1] | |||
Monthly interest rate (%) | 0.25% | 0.33% | [1] | |||
Banco del Estado de Chile Seven [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BBVA Corredores de Bolsa Ltda. | |||||
Date of placement | 12-13-2018 | |||||
Due date | 01-02-2019 | |||||
Currency | CLP | |||||
Amount | $ 2,859,342 | |||||
Monthly interest rate (%) | 0.25% | |||||
Banco Itau Corpbanca - Chile Five [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-19-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 185,620 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco del Estado de Chile Eight [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-13-2018 | ||||
Due date | [1] | 01-30-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 270,405 | |||||
Monthly interest rate (%) | 0.25% | |||||
Banco Security - Chile Six [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-13-2018 | ||||
Due date | [1] | 01-16-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 1,969,680 | |||||
Monthly interest rate (%) | 0.25% | |||||
Banco del Estado de Chile Nine [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-19-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 7,941,664 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco Itau Corpbanca - Chile Six [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-27-2018 | ||||
Due date | [1] | 01-09-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 2,000,692 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco Consorcio - Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | BancoEstado Corredores de Bolsa S.A. | |||||
Date of placement | 12-26-2018 | |||||
Due date | 01-30-2019 | |||||
Currency | CLP | |||||
Amount | $ 3,427,727 | |||||
Monthly interest rate (%) | 0.24% | |||||
Scotia bank Chile Eight [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-19-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 3,822,988 | |||||
Monthly interest rate (%) | 0.26% | |||||
Scotia bank Chile Nine [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-27-2018 | ||||
Due date | [1] | 01-15-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 9,453,276 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco Security - Chile Seven [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-19-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 1,967,453 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco Security - Chile Eight [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-19-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 895,503 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco de Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BancoEstado S.A. Corredores de Bolsa | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-26-2018 | ||||
Due date | [1] | 01-15-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 10,004,000 | |||||
Monthly interest rate (%) | 0.24% | |||||
Banco De Chile Nine [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-19-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 6,881,358 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco De Chile Ten [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-24-2018 | ||||
Due date | [1] | 01-09-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 900,546 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco De Credito e Inversiones - Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | ||
Date of placement | [1] | 12-26-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 300,885 | |||||
Monthly interest rate (%) | 0.24% | |||||
Banco De Credito e Inversiones - Chile Six [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-17-2018 | ||||
Due date | [1] | 01-16-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 1,550,072 | |||||
Monthly interest rate (%) | 0.25% | |||||
Banco De Credito e Inversiones - Chile Seven [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-17-2018 | ||||
Due date | [1] | 01-02-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 4,911,284 | |||||
Monthly interest rate (%) | 0.25% | |||||
Banco De Credito e Inversiones - Chile Eight [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-24-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 4,802,350 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco De Credito e Inversiones - Chile Nine [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-24-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 2,501,517 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco De Credito e Inversiones - Chile Ten [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-27-2018 | ||||
Due date | [1] | 01-30-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 1,190,413 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco De Credito e Inversiones - Chile Eleven [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-27-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 3,801,316 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco Santander - Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado Corredores de Bolsa S.A. | BanChile Corredores de Bolsa S.A. | |||
Date of placement | [1] | 12-14-2018 | ||||
Due date | [1] | 01-02-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 415,536 | |||||
Monthly interest rate (%) | 0.24% | |||||
Banco Santander - Chile Four [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-19-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 4,451,265 | |||||
Monthly interest rate (%) | 0.26% | |||||
Banco Santander - Chile Five [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Date of placement | [1] | 12-24-2018 | ||||
Due date | [1] | 01-10-2019 | ||||
Currency | [1] | CLP | ||||
Amount | $ 2,602,140 | |||||
Monthly interest rate (%) | 0.26% | |||||
Scotiabank Azul - Chile [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BancoEstado S.A. Corredores de Bolsa | ||||
Scotiabank Azul - Chile One [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Scotiabank Azul - Chile Two [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
Scotiabank Azul - Chile Three [Member] | ||||||
Disclosure of Cash and Cash Equivalents [Line Items] | ||||||
Financial entity | [1] | BBVA Corredores de Bolsa Ltda. | ||||
[1] | All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. |
Cash and cash equivalents (De_5
Cash and cash equivalents (Details 4) $ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | |||||||||
Dec. 17, 2018CLP ($) | Dec. 17, 2018USD ($) | Sep. 20, 2018CLP ($) | Sep. 20, 2018USD ($) | Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2016CLP ($) | |||||
Disclosure of Cash and Cash Equivalents [Line Items] | |||||||||||
Other cahs payment to acquire interests in joint ventures | [1] | $ 59,505,559 | $ 49,312,890 | $ 27,043,481 | |||||||
Cahs flow used for control of subsidiaries or other business | $ 27,659,891 | $ 40,294,696 | $ 1,044,688 | $ 1,530,029 | 49,222,782 | [2] | 7,800,000 | [2] | 19,111,686 | [2] | |
Cash flow used in the purchase of non-controling interests | [3] | 0 | 1,149,689 | 2,174,370 | |||||||
Payment for changes in ownership interests in subidiaries | [4] | 5,819,495 | 0 | 641,489 | |||||||
Total | $ 114,547,836 | $ 58,262,579 | $ 48,971,026 | ||||||||
[1] | Corresponds to payments of commited capital made between 2016 to 2018 in Central Cervecera de Colombia S.A.S. and the acquisition in 2017 of 50% of Zona Franca Central Cervecera S.A.S. (see Note 16 – Investments accounted using equity method). Additionally, in 2016, includes the amount paid in proportion to the creation of the company Promarca Internacional SpA. (See Note 1 – General information, letter E)). | ||||||||||
[2] | In 2018, through its subsidiary CCU Inversiones S.A. correspond to the acquisition of 15.79% of VSPT (see Note 1 – General information, letter D)). In 2017, corresponds to the acquisition of 2.5% of interet in VSPT, through its subsidiary CCU Inversiones S.A. (see Note 1 – General information, letter D)). In 2016, corresponds to the acquisition of an additional interest in Manantial S.A., through its subsidiaries Aguas CCU-Nestlé Chile S.A. and Embotelladoras Chilenas Unidas S.A. (see Note 1 – General information, letter D)). | ||||||||||
[3] | In 2017, mainly corresponds to the payment of 40% of the acquisitions of Americas Distilling Investment LLC. In 2016, corresponds to capital contributions in Bebidas Bolivianas BBO S.A. | ||||||||||
[4] | Corresponds to the payment to obtain control of Bebidas Bolivianas BBO S.A. and Cervecera Guayacán SpA. (See Note 15 – Business combinations, letter a) and b)). Additionally in 2016 includes the payment for ownership on Sajonia Brewing Company S.R.L. of Paraguay (see Note 15 – Business combinations, letter c)). |
Other non-financial assets (Det
Other non-financial assets (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Other current non-financial assets | $ 18,861,414 | $ 15,834,225 |
Other non-current non-financial assets | 5,007,150 | 4,644,827 |
Insurance paid [Member] | ||
Other current non-financial assets | 3,565,768 | 3,348,593 |
Other non-current non-financial assets | 0 | 0 |
Advertising [Member] | ||
Other current non-financial assets | 7,976,638 | 7,383,730 |
Other non-current non-financial assets | 3,173,523 | 3,632,423 |
Advances to suppliers [Member] | ||
Other current non-financial assets | 4,695,341 | 3,643,691 |
Other non-current non-financial assets | 0 | 0 |
Guarantees paid [Member] | ||
Other current non-financial assets | 62,316 | 59,452 |
Other non-current non-financial assets | 106,571 | 242,535 |
Consumables [Member] | ||
Other current non-financial assets | 393,234 | 446,565 |
Other non-current non-financial assets | 0 | 0 |
Dividends receivable [Member] | ||
Other current non-financial assets | 423,994 | 353,150 |
Other non-current non-financial assets | 0 | 0 |
Prepaid expenses [Member] | ||
Other current non-financial assets | 1,685,096 | 583,165 |
Other non-current non-financial assets | 1,705,693 | 755,703 |
Other Non financial Assets [Member] | ||
Other current non-financial assets | 59,027 | 15,879 |
Other non-current non-financial assets | 21,363 | 14,166 |
Advances Total [Member] | ||
Other current non-financial assets | 17,922,843 | 14,959,179 |
Other non-current non-financial assets | 4,879,216 | 4,388,126 |
Other Asset Total [Member] | ||
Other current non-financial assets | 938,571 | 875,046 |
Other non-current non-financial assets | $ 127,934 | $ 256,701 |
Trade and other receivables (De
Trade and other receivables (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Current trade receivables | $ 284,062,536 | $ 258,182,596 | |
Non-current trade receivables | 0 | 0 | |
Other current receivables | 36,639,803 | 28,031,002 | |
Other non-current receivables | 3,363,123 | 3,974,395 | |
Trade and other current receivables | 320,702,339 | 286,213,598 | |
Trade and other non-current receivables | 3,363,123 | 3,974,395 | |
Current Trade Receivables Gross | 290,121,737 | 262,337,348 | |
Non Current Trade Receivables Gross | 0 | 0 | |
Chile operating segment | |||
Current Trade Receivables Gross | 162,477,091 | 159,465,654 | |
International business operating segment | |||
Current Trade Receivables Gross | 76,166,145 | 62,587,204 | |
Wines operating segment | |||
Current Trade Receivables Gross | 51,478,501 | 40,284,490 | |
Impairment loss estimate | |||
Current Trade Receivables Gross | (6,059,201) | (4,154,752) | |
Accounts receivables: | Chile operating segment | |||
Current Trade Receivables Gross | 162,477,091 | 159,465,654 | |
Non Current Trade Receivables Gross | 0 | 0 | |
Accounts receivables: | International business operating segment | |||
Current Trade Receivables Gross | 76,166,145 | 62,587,204 | |
Non Current Trade Receivables Gross | 0 | 0 | |
Accounts receivables: | Wines operating segment | |||
Current Trade Receivables Gross | 51,478,501 | 40,284,490 | |
Non Current Trade Receivables Gross | 0 | 0 | |
Accounts receivables: | Impairment loss estimate | |||
Current Trade Receivables Gross | (6,059,201) | (4,154,752) | |
Non Current Trade Receivables Gross | 0 | 0 | |
Others accounts receivables | |||
Other current receivables | [1] | 36,639,803 | 28,031,002 |
Other non-current receivables | [1] | $ 3,363,123 | $ 3,974,395 |
[1] | As of December 31, 2018, this item mainly includes ThCh$ 1,392,650 in current and ThCh$ 1,240,461 (ThCh$ 2,411,833 in 2017) in non-current related to the account receivable from the sale of the 49% that subsidiary CPCh had in Compañía Pisquera Bauzá S.A. (see Note 14 – Non-current assets of disposal groups classifield as held for sale). |
Trade and other receivables (_2
Trade and other receivables (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Trade and other receivables | $ 324,065,462 | $ 290,187,993 |
Chilean Peso | ||
Trade and other receivables | 191,979,443 | 183,948,334 |
Argentinean Pesos | ||
Trade and other receivables | 67,553,470 | 55,526,379 |
US Dollar | ||
Trade and other receivables | 34,113,849 | 27,810,990 |
Euro | ||
Trade and other receivables | 10,152,559 | 9,326,882 |
Unidades de Fomento | ||
Trade and other receivables | 2,678,592 | 2,590,736 |
Uruguayan Peso | ||
Trade and other receivables | 5,128,068 | 4,372,909 |
Paraguayan Guaraní | ||
Trade and other receivables | 8,774,244 | 5,495,532 |
Bolivian | ||
Trade and other receivables | 1,340,388 | 0 |
Others Currencies | ||
Trade and other receivables | $ 2,344,849 | $ 1,116,231 |
Trade and other receivables (_3
Trade and other receivables (Details 2) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Current Trade Receivables Gross | $ 290,121,737 | $ 262,337,348 | |
Current trade receivables | 284,062,536 | 258,182,596 | |
Other current receivables | 36,639,803 | 28,031,002 | |
Total current | 320,702,339 | 286,213,598 | |
Others accounts receivables | 3,363,123 | 3,974,395 | |
Total non-current | 3,363,123 | 3,974,395 | |
Chile operating segment | |||
Current Trade Receivables Gross | 162,477,091 | 159,465,654 | |
International business operating segment | |||
Current Trade Receivables Gross | 76,166,145 | 62,587,204 | |
Wines operating segment | |||
Current Trade Receivables Gross | 51,478,501 | 40,284,490 | |
Impairment loss estimate | |||
Current Trade Receivables Gross | (6,059,201) | (4,154,752) | |
Other Accounts Receivables [Member] | |||
Other current receivables | [1] | 36,639,803 | 28,031,002 |
Others accounts receivables | [1] | 3,363,123 | 3,974,395 |
Current balance | |||
Current Trade Receivables Gross | 260,367,974 | 242,707,750 | |
Current trade receivables | 260,219,760 | 242,707,750 | |
Other current receivables | 36,056,454 | 27,768,858 | |
Total current | 296,276,214 | 270,476,608 | |
Others accounts receivables | 3,363,123 | 3,974,395 | |
Total non-current | 3,363,123 | 3,974,395 | |
Current balance | Chile operating segment | |||
Current Trade Receivables Gross | 152,644,412 | 150,256,296 | |
Current balance | International business operating segment | |||
Current Trade Receivables Gross | 63,419,349 | 56,180,536 | |
Current balance | Wines operating segment | |||
Current Trade Receivables Gross | 44,304,213 | 36,270,918 | |
Current balance | Impairment loss estimate | |||
Current Trade Receivables Gross | (148,214) | 0 | |
Current balance | Other Accounts Receivables [Member] | |||
Other current receivables | 36,056,454 | 27,768,858 | |
0 a 3 months | |||
Current Trade Receivables Gross | 21,723,168 | 13,286,335 | |
Current trade receivables | 21,180,973 | 12,864,775 | |
Other current receivables | 321,767 | 97,052 | |
Total current | 21,502,740 | 12,961,827 | |
Total non-current | 0 | 0 | |
0 a 3 months | Chile operating segment | |||
Current Trade Receivables Gross | 5,928,791 | 4,960,461 | |
0 a 3 months | International business operating segment | |||
Current Trade Receivables Gross | 9,546,370 | 4,978,409 | |
0 a 3 months | Wines operating segment | |||
Current Trade Receivables Gross | 6,248,007 | 3,347,465 | |
0 a 3 months | Impairment loss estimate | |||
Current Trade Receivables Gross | (542,195) | (421,560) | |
0 a 3 months | Other Accounts Receivables [Member] | |||
Other current receivables | 321,767 | 97,052 | |
Others accounts receivables | 0 | 0 | |
3 a 6 months | |||
Current Trade Receivables Gross | 2,450,756 | 1,852,184 | |
Current trade receivables | 1,850,323 | 1,157,070 | |
Other current receivables | 162,295 | 165,092 | |
Total current | 2,012,618 | 1,322,162 | |
Total non-current | 0 | 0 | |
3 a 6 months | Chile operating segment | |||
Current Trade Receivables Gross | 1,085,806 | 1,037,876 | |
3 a 6 months | International business operating segment | |||
Current Trade Receivables Gross | 1,092,229 | 595,173 | |
3 a 6 months | Wines operating segment | |||
Current Trade Receivables Gross | 272,721 | 219,135 | |
3 a 6 months | Impairment loss estimate | |||
Current Trade Receivables Gross | (600,433) | (695,114) | |
3 a 6 months | Other Accounts Receivables [Member] | |||
Other current receivables | 162,295 | 165,092 | |
Others accounts receivables | 0 | 0 | |
6 a 12 months | |||
Current Trade Receivables Gross | 1,851,483 | 1,901,047 | |
Current trade receivables | 443,635 | 899,348 | |
Other current receivables | 99,233 | 0 | |
Total current | 542,868 | 899,348 | |
Total non-current | 0 | 0 | |
6 a 12 months | Chile operating segment | |||
Current Trade Receivables Gross | 844,101 | 1,358,009 | |
6 a 12 months | International business operating segment | |||
Current Trade Receivables Gross | 701,571 | 318,551 | |
6 a 12 months | Wines operating segment | |||
Current Trade Receivables Gross | 305,811 | 224,487 | |
6 a 12 months | Impairment loss estimate | |||
Current Trade Receivables Gross | (1,407,848) | (1,001,699) | |
6 a 12 months | Other Accounts Receivables [Member] | |||
Other current receivables | 99,233 | 0 | |
Others accounts receivables | 0 | 0 | |
More than 12 months | |||
Current Trade Receivables Gross | 3,728,356 | 2,590,032 | |
Current trade receivables | 367,845 | 553,653 | |
Other current receivables | 54 | 0 | |
Total current | 367,899 | 553,653 | |
Total non-current | 0 | 0 | |
More than 12 months | Chile operating segment | |||
Current Trade Receivables Gross | 1,973,981 | 1,853,012 | |
More than 12 months | International business operating segment | |||
Current Trade Receivables Gross | 1,406,626 | 514,535 | |
More than 12 months | Wines operating segment | |||
Current Trade Receivables Gross | 347,749 | 222,485 | |
More than 12 months | Impairment loss estimate | |||
Current Trade Receivables Gross | (3,360,511) | (2,036,379) | |
More than 12 months | Other Accounts Receivables [Member] | |||
Other current receivables | 54 | 0 | |
Others accounts receivables | $ 0 | $ 0 | |
[1] | As of December 31, 2018, this item mainly includes ThCh$ 1,392,650 in current and ThCh$ 1,240,461 (ThCh$ 2,411,833 in 2017) in non-current related to the account receivable from the sale of the 49% that subsidiary CPCh had in Compañía Pisquera Bauzá S.A. (see Note 14 – Non-current assets of disposal groups classifield as held for sale). |
Trade and other receivables (_4
Trade and other receivables (Details 3) | 12 Months Ended |
Dec. 31, 2018 | |
Current balance | |
% Impairment loss estimate by stretch | 0.10% |
0 a 3 months | |
% Impairment loss estimate by stretch | 4.30% |
3 a 6 months | |
% Impairment loss estimate by stretch | 32.60% |
6 a 12 months | |
% Impairment loss estimate by stretch | 100.00% |
More than 12 months | |
% Impairment loss estimate by stretch | 100.00% |
Trade and other receivables (_5
Trade and other receivables (Details 4) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Balance at the beginning of year | $ (4,154,752) | $ (3,837,914) | |
First application effect IFRS 9 | (192,377) | 0 | |
Initial balance restated | (4,347,129) | (3,837,914) | |
Impairment estimate for accounts receivable | (1,697,861) | (1,948,264) | |
Uncollectible accounts | 527,545 | 634,256 | |
Add back of unused provisions | 448,056 | 832,704 | |
Estimates resulting from business combinations | [1] | (1,354,559) | 0 |
Effect of translation into presentation currency | 364,747 | 164,466 | |
Total | $ (6,059,201) | $ (4,154,752) | |
[1] | See Note 15 – Business Combinations. |
Trade and other receivables (_6
Trade and other receivables (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Trade and other non-current receivables | $ 3,363,123 | $ 3,974,395 |
Percentage of entity's revenue | 27.30% | 28.10% |
Trade and other current receivables | $ 320,702,339 | $ 286,213,598 |
Country of domicile [member] | Credit Risk [Member] | ||
Credit Insurance Coverage Rate | 90.00% | |
Foreign countries [member] | Credit Risk [Member] | ||
Credit Insurance Coverage Rate | 99.00% | |
Compañía Pisquera de Chile S.A. | ||
Trade and other non-current receivables | $ 1,240,461 | $ 2,411,833 |
Proportion Of Subsidiary Ownership Percentage Sold | 49.00% | |
Trade and other current receivables | $ 1,392,650 |
Accounts and transactions wit_3
Accounts and transactions with related parties (Details) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Current receivables due from related parties | $ 3,048,841 | $ 5,810,764 | ||
Description of functional currency | [1] | CLP | CLP | |
Non-current receivables due from related parties | $ 190,865 | 258,471 | ||
CLP [Member] | ||||
Current receivables due from related parties | $ 3,048,841 | 5,810,764 | ||
Andronico Luksic Craig [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 6,062,786-K | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Chairman of CCU | |||
Current receivables due from related parties | $ 0 | 1,207 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Jean Paul Luksic [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 6,372,368-1 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Director of company related to the controller | |||
Current receivables due from related parties | $ 0 | 464 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Hubert Porte [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 14,534,777-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Director of company related to the controller | |||
Current receivables due from related parties | $ 0 | 2,095 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inversiones Chile Chico Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,029,109-9 | |||
Inversiones Chile Chico Ltda. [Member] | Services provided [Member] | CLP [Member] | ||||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 2,959 | 2,253 | ||
Description of transactions with related party | Services provided | |||
Description of functional currency | CLP | |||
Cervecera Guayacan SpA. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,035,409-0 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Associate of subsidiary (until July 2018) | |||
Current receivables due from related parties | $ 0 | $ 80,298 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Minera Antucoya [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 76,079,669-7 | 76,079,669-7 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Minera Antucoya [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,079,669-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 161 | $ 355 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inversiones Tv Medios Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,111,872-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller | |||
Current receivables due from related parties | $ 33 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Canal 13 SpA. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,115,132-0 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 51 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Vina Tabali S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,178,803-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 153 | $ 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Vina Tabali S.A. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 76,178,803-5 | 76,178,803-5 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Services provided | Services provided | ||
Vina Tabali S.A. [Member] | Services provided [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,178,803-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 51,667 | $ 40,965 | ||
Description of transactions with related party | Services provided | |||
Description of functional currency | CLP | |||
Inversiones Alabama Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,363,269-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 738 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Hapag-Lloyd Chile SpA. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,380,217-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 141 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Cerveceria Szot SpA. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,481,675-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Associate of subsidiary | |||
Current receivables due from related parties | $ 23,090 | 15,009 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Cerveceria Szot SpA. [Member] | Services provided [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,481,675-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Associate of subsidiary | |||
Current receivables due from related parties | $ 2,869 | 0 | ||
Description of transactions with related party | Services provided | |||
Description of functional currency | CLP | |||
Cerveceria Szot SpA. [Member] | Loan [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,481,675-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Associate of subsidiary | |||
Current receivables due from related parties | $ 50,000 | 0 | ||
Description of transactions with related party | Loan | |||
Description of functional currency | CLP | |||
Cerveceria Szot SpA. [Member] | Remittanse send [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,481,675-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Associate of subsidiary | |||
Current receivables due from related parties | $ 495 | 0 | ||
Description of transactions with related party | Remittanse send | |||
Description of functional currency | CLP | |||
Inversiones Río Elqui SpA. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,486,051-9 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 24,029 | $ 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Minera Centinela [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 76,727,040-2 | 76,727,040-2 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Minera Centinela [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,727,040-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 608 | $ 781 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Transacciones e Inv. Arizona S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 76,806,870-4 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller | |||
Current receivables due from related parties | $ 11 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Cerveceria Kunstmann Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 77,051,330-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to non-controlling subsidiary | |||
Current receivables due from related parties | $ 101,664 | $ 245,385 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Comercial Patagona Ltda. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 77,755,610-K | 77,755,610-K | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Comercial Patagona Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 77,755,610-K | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Subsidiary of joint venture | |||
Current receivables due from related parties | $ 1,222,832 | $ 667,195 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Comercial Patagona Ltda. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 77,051,330-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Services received | |||
Alimentos Nutrabien S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 78,105,460-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Subsidiary of joint venture (until november 2018) | |||
Current receivables due from related parties | $ 0 | 151 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inversiones PFI Chile Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 78,259,420-6 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of joint operation | |||
Current receivables due from related parties | $ 0 | $ 402,666 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inversiones PFI Chile Ltda. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 78,259,420-6 | 78,259,420-6 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Services provided | Services provided | ||
Inversiones PFI Chile Ltda. [Member] | Services provided [Member] | CLP [Member] | ||||
Related Parties Tax ID | 78,259,420-6 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of joint operation | |||
Current receivables due from related parties | $ 751,805 | $ 2,997,036 | ||
Description of transactions with related party | Services provided | |||
Description of functional currency | CLP | |||
Ferrocarril de Antofagasta a Bolivia S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 81,148,200-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 5,070 | 3,457 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Cooperativa Agricola Control Pisquero de Elqui y Limari Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of subsidiary | |||
Current receivables due from related parties | $ 1,478 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Cooperativa Agricola Control Pisquero de Elqui y Limari Ltda. [Member] | Advance purchase [Member] | CLP [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of subsidiary | |||
Current receivables due from related parties | $ 14,393 | 14,393 | ||
Description of transactions with related party | Advance purchase | |||
Description of functional currency | CLP | |||
Cooperativa Agricola Control Pisquero de Elqui y Limari Ltda. [Member] | Loan [Member] | UF [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of subsidiary | |||
Current receivables due from related parties | $ 32,149 | 31,191 | ||
Description of transactions with related party | Loan | |||
Description of functional currency | UF | |||
Cooperativa Agricola Control Pisquero de Elqui y Limari Ltda. [Member] | Supply Contract [Member] | UF [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of subsidiary | |||
Current receivables due from related parties | $ 47,082 | 77,929 | ||
Description of transactions with related party | Supply contract | |||
Description of functional currency | UF | |||
Compania Chilena de Fosforos S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 90,081,000-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of subsidiary (until January 2018) | |||
Current receivables due from related parties | $ 0 | 2,893 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Compania Sud Americana de Vapores S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 90,160,000-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 1,264 | 165 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Invexans S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 91,021,000-9 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 33 | 3,713 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Quinenco S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 91,705,000-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Controller's Shareholder | |||
Current receivables due from related parties | $ 3,929 | 2,759 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Empresa Nacional de Energia Enex S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 92,011,000-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 4,384 | 4,341 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
SAAM S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 92,048,000-4 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 149 | $ 83 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Antofagasta Minerals S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 93,920,000-2 | 93,920,000-2 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Antofagasta Minerals S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 93,920,000-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 3,167 | $ 2,640 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inversiones Enex S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 94,625,000-7 | 94,625,000-7 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Inversiones Enex S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 94,625,000-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 195,720 | $ 234,880 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inversiones Y Rentas S.A. [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,427,000-7 | |||
Inversiones Y Rentas S.A. [Member] | Services provided [Member] | CLP [Member] | ||||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Controller | |||
Current receivables due from related parties | $ 3,465 | 3,465 | ||
Description of transactions with related party | Services provided | |||
Description of functional currency | CLP | |||
Inversiones Consolidadas Ltda. [Member] | Sales of products [Member] | CLP [Member] | ||||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller | |||
Current receivables due from related parties | $ 853 | 121 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inversiones Consolidadas Ltda. [Member] | Services provided [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,536,010-7 | |||
Banchile Corredores de Bolsa S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,571,220-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 3,545 | $ 514 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Empresas Carozzi S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 96,591,040-9 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Empresas Carozzi S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,591,040-9 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of joint operation | |||
Current receivables due from related parties | $ 0 | $ 76,635 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Empresas Carozzi S.A. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 96,591,040-9 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Socofin S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,645,790-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 0 | 2,395 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Banchile Administradora General de Fondos S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,767,630-6 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 315 | 67 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Minera Los Pelambres S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,790,240-3 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 300 | 659 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Agricola El Cerrito S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,819,020-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 11 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Inmobiliaria Norte Verde S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,847,140-6 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 33 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Agrícola Valle Nuevo S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,922,250-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller | |||
Current receivables due from related parties | $ 33 | 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Banco de Chile [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller's shareholder | |||
Current receivables due from related parties | $ 44,604 | 62,816 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Foods Compania de Alimentos CCU S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Joint venture | |||
Current receivables due from related parties | $ 11,071 | 16,654 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Foods Compania de Alimentos CCU S.A. [Member] | Services provided [Member] | CLP [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Joint venture | |||
Current receivables due from related parties | $ 269,946 | 685,412 | ||
Description of transactions with related party | Services provided | |||
Description of functional currency | CLP | |||
Foods Compania de Alimentos CCU S.A. [Member] | Remittanse send [Member] | CLP [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Joint venture | |||
Current receivables due from related parties | $ 20,035 | 4,334 | ||
Description of transactions with related party | Remittanse send | |||
Description of functional currency | CLP | |||
Inversiones Rosario S.A. [Member] | Sales of products [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,951,040-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Related to the controller | |||
Current receivables due from related parties | $ 22 | $ 0 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | CLP | |||
Bebidas Bolivianas BBO S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | ||
Country of incorporation | Bolivia | Bolivia | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Bebidas Bolivianas BBO S.A. [Member] | Sales of products [Member] | USD [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Bolivia | |||
Description of nature of related party relationship | Associate (until July 2018) | |||
Current receivables due from related parties | $ 0 | $ 30,791 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | USD | |||
Central Cervecera de Colombia S.A.S. [Member] | Sales of products [Member] | USD [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Colombia | |||
Description of nature of related party relationship | Joint venture | |||
Current receivables due from related parties | $ 9,480 | 9,248 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | USD | |||
Palermo S.A. [Member] | Sales of products [Member] | PYG [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Paraguay | |||
Description of nature of related party relationship | Related to the subsidiary's shareholder | |||
Current receivables due from related parties | $ 0 | 8,247 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | PYG | |||
Grafica Editorial Intersudamericana S.A [Member] | Sales of products [Member] | PYG [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Paraguay | |||
Description of nature of related party relationship | Related to the subsidiary's shareholder | |||
Current receivables due from related parties | $ 0 | 220 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | PYG | |||
Paraguay Soccer S.A. [Member] | Sales of products [Member] | PYG [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Paraguay | |||
Description of nature of related party relationship | Related to the subsidiary's shareholder | |||
Current receivables due from related parties | $ 0 | 85 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | PYG | |||
QSR S.A. [Member] | Sales of products [Member] | PYG [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Paraguay | |||
Description of nature of related party relationship | Related to the subsidiary's shareholder | |||
Current receivables due from related parties | $ 434 | 410 | ||
Description of transactions with related party | Sales of products | |||
Description of functional currency | PYG | |||
Cerveceria Austral S.A. [Member] | Services provided [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Joint venture | |||
Current receivables due from related parties | $ 139,647 | 74,387 | ||
Description of transactions with related party | Services provided | |||
Description of functional currency | CLP | |||
Cerveceria Austral S.A. [Member] | Remittanse send [Member] | CLP [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Joint venture | |||
Current receivables due from related parties | $ 2,923 | 0 | ||
Description of transactions with related party | Remittanse send | |||
Description of functional currency | CLP | |||
Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. [Member] | Loan [Member] | UF [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of subsidiary | |||
Description of transactions with related party | Loan | |||
Description of functional currency | UF | |||
Non-current receivables due from related parties | $ 143,783 | 166,928 | ||
Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. [Member] | Supply Contract [Member] | UF [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Shareholder of subsidiary | |||
Description of transactions with related party | Supply contract | |||
Description of functional currency | UF | |||
Non-current receivables due from related parties | $ 47,082 | $ 91,543 | ||
[1] | All financial instruments acquired under resale agreements, correspond to time deposits and are subject to a fixed interest rate. |
Accounts and transactions wit_4
Accounts and transactions with related parties (Details 1) - CLP ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Current payables to related parties | $ 6,936,910 | $ 10,069,043 |
Canal 13 SpA. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 76,115,132-0 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 277,515 | 196,805 |
Hapag-Lloyd Chile SpA. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 76,380,217-5 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 32,646 | 54,194 |
Cerveceria Szot SpA. [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 76,481,675-7 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Associate of subsidiary | |
Current payables to related parties | $ 2,199 | 17,288 |
Cerveceria Kunstmann Ltda. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 77,051,330-8 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to non-controlling subsidiary | |
Current payables to related parties | $ 8,704 | $ 13,733 |
Comercial Patagona Ltda. [Member] | Services received [Member] | ||
Related Parties Tax ID | 77,755,610-K | 77,755,610-K |
Country of incorporation | Chile | Chile |
Description of nature of related party relationship | Services received | Services received |
Comercial Patagona Ltda. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 77,755,610-K | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Subsidiary of joint venture | |
Current payables to related parties | $ 92,129 | $ 106,671 |
Servipag Ltda. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 78,053,790-6 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 4,218 | 0 |
Alimentos Nutrabien S.A [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 78,105,460-7 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Subsidiary of joint venture (until november 2018) | |
Current payables to related parties | $ 0 | 543 |
Cooperativa Agricola Control Pisquero de Elqui y Limari Ltda. [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 81,805,700-8 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Shareholder of subsidiary | |
Current payables to related parties | $ 417 | 37,433 |
Empresa Nacional de Energia Enex S.A. [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 92,011,000-2 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 44,239 | 139,373 |
SAAM S.A. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 92,048,000-4 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 0 | 123 |
Servicios Aeroportuarios Aerosan S.A. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 94,058,000-5 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 1,711 | 2,025 |
Empresas Carozzi S.A. [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,591,040-9 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Shareholder of joint operation | |
Current payables to related parties | $ 736,974 | 1,595,771 |
Transbank S.A. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,689,310-9 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 5,868 | 3,462 |
SAAM Extraportuarios S.A. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,798,520-1 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 17,201 | 1,971 |
Radiodifusion SpA. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,810,030-0 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 41,170 | 55,244 |
San Antonio Terminal Internacional S.A. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,908,970-K | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 15,724 | 7,541 |
Cerveceria Austral S.A. [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,919,980-7 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Joint venture | |
Current payables to related parties | $ 1,204,662 | 1,152,343 |
Cerveceria Austral S.A. [Member] | Royalty [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,919,980-7 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Joint venture | |
Current payables to related parties | $ 109,091 | 0 |
Cerveceria Austral S.A. [Member] | Remittanse received [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,919,980-7 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Joint venture | |
Current payables to related parties | $ 7,869 | 0 |
Artikos Chile S.A. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 96,953,410-K | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 0 | 137 |
Banco de Chile [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 97,004,000-5 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 1,244 | 22,730 |
Foods Compania de Alimentos CCU S.A. [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 99,542,980-2 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Joint venture | |
Current payables to related parties | $ 19,920 | 17,406 |
Foods Compania de Alimentos CCU S.A. [Member] | Consignation sales [Member] | CLP [Member] | ||
Related Parties Tax ID | 99,542,980-2 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Joint venture | |
Current payables to related parties | $ 211,985 | 233,565 |
Foods Compania de Alimentos CCU S.A. [Member] | Remittanse received [Member] | CLP [Member] | ||
Related Parties Tax ID | 99,542,980-2 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Joint venture | |
Current payables to related parties | $ 46,708 | 0 |
Ecor Ltda [Member] | Services received [Member] | BOB [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Bolivia | |
Description of nature of related party relationship | Related to the subsidiary's shareholder | |
Current payables to related parties | $ 11,879 | 0 |
Central Cervecera de Colombia S.A.S. [Member] | Services received [Member] | USD [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Colombia | |
Description of nature of related party relationship | Joint venture | |
Current payables to related parties | $ 24,449 | 14,199 |
Nestl Waters Marketing Distribution [Member] | Purchase of products [Member] | Euros [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | France | |
Description of nature of related party relationship | Related to the subsidiary's shareholder | |
Current payables to related parties | $ 12,256 | $ 0 |
Amstel Brouwerijen B.V. [Member] | License and technical assistance [Member] | ||
Related Parties Tax ID | 0-E | 0-E |
Country of incorporation | Netherlands | Netherlands |
Description of nature of related party relationship | License and technical assistance | License and technical assistance |
Amstel Brouwerijen B.V. [Member] | License and technical assistance [Member] | Euros [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Netherlands | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 120,726 | $ 66,583 |
Heineken Brouwerijen B.V. [Member] | License and technical assistance [Member] | Euros [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Netherlands | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 1,486,100 | 1,349,472 |
Heineken Brouwerijen B.V. [Member] | Services received [Member] | USD [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Netherlands | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 1,025 | $ 1,025 |
Heineken Brouwerijen B.V. [Member] | Purchase of products [Member] | ||
Related Parties Tax ID | 0-E | 0-E |
Country of incorporation | Netherlands | Netherlands |
Description of nature of related party relationship | Purchase of products | Purchase of products |
Heineken Brouwerijen B.V. [Member] | Purchase of products [Member] | USD [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Netherlands | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 1,044,963 | $ 1,241,991 |
Heineken Brouwerijen B.V. [Member] | Royalty [Member] | USD [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Netherlands | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 12,879 | 2,586,380 |
Banco Amambay S.A. [Member] | Services received [Member] | PYG [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Paraguay | |
Description of nature of related party relationship | Related to the subsidiary's shareholder | |
Current payables to related parties | $ 0 | 148 |
Banco BASA SA. [Member] | Services received [Member] | PYG [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Paraguay | |
Description of nature of related party relationship | Related to the subsidiary's shareholder | |
Current payables to related parties | $ 18 | 0 |
Emprendimientos Hoteleros S.A.E.C.A [Member] | Services received [Member] | PYG [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Paraguay | |
Description of nature of related party relationship | Related to the subsidiary's shareholder | |
Current payables to related parties | $ 11,249 | 8,481 |
Grafica y Editorial Intersuda S.A. [Member] | Purchase of products [Member] | PYG [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Paraguay | |
Description of nature of related party relationship | Related to the subsidiary's shareholder | |
Current payables to related parties | $ 0 | 448 |
Watt's Alimentos S.A. [Member] | Purchase of products [Member] | USD [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Paraguay | |
Description of nature of related party relationship | Related joint venture shareholder | |
Current payables to related parties | $ 106,531 | 92,566 |
Societe des Produits Nestle S.A. [Member] | Royalty [Member] | CHF [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Switzerland | |
Description of nature of related party relationship | Related to the subsidiary's shareholder | |
Current payables to related parties | $ 62,397 | 46,572 |
Inversiones Enex S.A. [Member] | Services received [Member] | CLP [Member] | ||
Related Parties Tax ID | 94,625,000-7 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Related to the controller's shareholder | |
Current payables to related parties | $ 76 | $ 76 |
Inversiones PFI Chile Ltda. [Member] | Purchase of products [Member] | ||
Related Parties Tax ID | 78,259,420-6 | 78,259,420-6 |
Country of incorporation | Chile | Chile |
Description of nature of related party relationship | Purchase of products | Purchase of products |
Inversiones PFI Chile Ltda. [Member] | Purchase of products [Member] | CLP [Member] | ||
Related Parties Tax ID | 78,259,420-6 | |
Country of incorporation | Chile | |
Description of nature of related party relationship | Shareholder of joint operation | |
Current payables to related parties | $ 1,160,168 | $ 958,293 |
Bebidas Bolivianas BBO S.A. [Member] | Services received [Member] | USD [Member] | ||
Related Parties Tax ID | 0-E | |
Country of incorporation | Bolivia | |
Description of nature of related party relationship | Associate (until July 2018) | |
Current payables to related parties | $ 0 | $ 44,451 |
Accounts and transactions wit_5
Accounts and transactions with related parties (Details 2) $ in Thousands, in Thousands | 12 Months Ended | |||
Dec. 31, 2018CLP ($) | Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLP ($) | Dec. 31, 2016CLP ($) | |
Commitments made by entity, related party transactions | 200,000,000 | $ 0 | ||
Ralated Party Transactions Charges Credits on Income | (100,146) | |||
Minera Antucoya [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 76,079,669-7 | 76,079,669-7 | 76,079,669-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 2,045 | $ 1,501 | ||
Ralated Party Transactions Charges Credits on Income | $ 1,636 | $ 1,200 | ||
Vina Tabali S.A. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 76,178,803-5 | 76,178,803-5 | 76,178,803-5 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Services provided | Services provided | Services provided | |
Commitments made by entity, related party transactions | $ 90,214 | $ 85,931 | ||
Ralated Party Transactions Charges Credits on Income | $ 90,214 | $ 85,931 | ||
Canal 13 SpA. [Member] | Advertisings [Member] | ||||
Related Parties Tax ID | 76,115,132-0 | 76,115,132-0 | 76,115,132-0 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Advertising | Advertising | Advertising | |
Commitments made by entity, related party transactions | $ 2,641,844 | $ 2,064,067 | ||
Ralated Party Transactions Charges Credits on Income | $ (2,641,844) | $ (2,064,067) | ||
Inversiones Irsa Ltda [Member] | Dividends paid [Member] | ||||
Related Parties Tax ID | 76,313,970-0 | 76,313,970-0 | 76,313,970-0 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Dividends paid | Dividends paid | Dividends paid | |
Commitments made by entity, related party transactions | $ 4,522,295 | $ 4,457,428 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Cervecera Szot SpA [Member] | Capital contribution [Member] | ||||
Related Parties Tax ID | 76,481,675-7 | 76,481,675-7 | 76,481,675-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Capital contribution | Capital contribution | Capital contribution | |
Commitments made by entity, related party transactions | $ 0 | $ 52,771 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Heliservicios SA [Member] | Services received [Member] | ||||
Related Parties Tax ID | 76,553,712-6 | 76,553,712-6 | 76,553,712-6 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Services received | Services received | Services received | |
Commitments made by entity, related party transactions | $ 0 | $ 17,760 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ (17,760) | ||
Minera Centinela [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 76,727,040-2 | 76,727,040-2 | 76,727,040-2 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 7,246 | $ 5,085 | ||
Ralated Party Transactions Charges Credits on Income | $ 5,797 | $ 4,068 | ||
Cervecera Kunstmann Ltda [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 77,051,330-8 | 77,051,330-8 | 77,051,330-8 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 773,056 | $ 640,590 | ||
Ralated Party Transactions Charges Credits on Income | $ 589,466 | $ 484,283 | ||
Cervecera Kunstmann Ltda [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 77,051,330-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Services received | |||
Comercial Patagona Ltda. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 77,755,610-K | 77,755,610-K | 77,755,610-K | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 5,777,863 | $ 4,807,422 | ||
Ralated Party Transactions Charges Credits on Income | $ 3,466,718 | 2,884,453 | ||
Comercial Patagona Ltda. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 77,051,330-8 | 77,051,330-8 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Services received | Services received | ||
Commitments made by entity, related party transactions | $ 113,507 | 152,578 | ||
Ralated Party Transactions Charges Credits on Income | $ (113,507) | $ (152,578) | ||
Comercial Patagona Ltda. [Member] | Services received [Member] | ||||
Related Parties Tax ID | 77,755,610-K | 77,755,610-K | 77,755,610-K | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Services received | Services received | Services received | |
Commitments made by entity, related party transactions | $ 405,845 | $ 355,279 | ||
Ralated Party Transactions Charges Credits on Income | $ (405,845) | $ (355,279) | ||
Inversiones PFI Chile Ltda. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 78,259,420-6 | 78,259,420-6 | 78,259,420-6 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Services provided | Services provided | Services provided | |
Commitments made by entity, related party transactions | $ 2,756,584 | $ 3,154,653 | ||
Ralated Party Transactions Charges Credits on Income | $ 2,756,584 | $ 3,154,653 | ||
Inversiones PFI Chile Ltda. [Member] | Purchase of products [Member] | ||||
Related Parties Tax ID | 78,259,420-6 | 78,259,420-6 | 78,259,420-6 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Purchase of products | Purchase of products | Purchase of products | |
Commitments made by entity, related party transactions | $ 12,726,958 | $ 11,062,488 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Cervecera Valdivia SA [Member] | Dividends paid [Member] | ||||
Related Parties Tax ID | 79,985,340-K | 79,985,340-K | 79,985,340-K | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Dividends paid | Dividends paid | Dividends paid | |
Commitments made by entity, related party transactions | $ 990,073 | $ 818,433 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda [Member] | Dividends paid [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Dividends paid | |||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda [Member] | Loan [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | 81,805,700-8 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Loan | Loan | ||
Commitments made by entity, related party transactions | $ 26,483 | $ 25,204 | ||
Ralated Party Transactions Charges Credits on Income | $ 5,826 | $ 6,467 | ||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda One [Member] | Loan [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Loan | |||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda One [Member] | Purchase of grape [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | 81,805,700-8 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Purchase of grape | Purchase of grape | ||
Commitments made by entity, related party transactions | $ 5,358,014 | $ 4,855,607 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | 0 | ||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda Two [Member] | Dividends paid [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | 81,805,700-8 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Dividends paid | Dividends paid | ||
Commitments made by entity, related party transactions | $ 768,325 | 637,313 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda Two [Member] | Purchase of grape [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Purchase of grape | |||
Cooperativa Agrcola Control Pisquero de Elqui y Limar LtdaThree [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | 81,805,700-8 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Commitments made by entity, related party transactions | $ 3,731 | $ 4,727 | ||
Ralated Party Transactions Charges Credits on Income | $ 2,985 | $ 3,782 | ||
Cooperativa Agrcola Control Pisquero de Elqui y Limar LtdaThree [Member] | Supply Contract [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Supply contract | |||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda Four [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Cooperativa Agrcola Control Pisquero de Elqui y Limar Ltda Four [Member] | Supply Contract [Member] | ||||
Related Parties Tax ID | 81,805,700-8 | 81,805,700-8 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Supply contract | Supply contract | ||
Commitments made by entity, related party transactions | $ 73,994 | $ 70,839 | ||
Ralated Party Transactions Charges Credits on Income | $ 4,750 | $ 6,604 | ||
Nestl Chile SA [Member] | Dividends paid [Member] | ||||
Related Parties Tax ID | 90,703,000-8 | 90,703,000-8 | 90,703,000-8 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Dividends paid | Dividends paid | Dividends paid | |
Commitments made by entity, related party transactions | $ 3,922,143 | $ 4,158,228 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Quienco SA [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 91,705,000-7 | 91,705,000-7 | 91,705,000-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 20,362 | $ 15,941 | ||
Ralated Party Transactions Charges Credits on Income | $ 16,290 | $ 12,753 | ||
Empresa Nacional de Energa Enex SA [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 92,011,000-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Services received | |||
Empresa Nacional de Energa Enex SA [Member] | Services received [Member] | ||||
Related Parties Tax ID | 92,011,000-2 | 92,011,000-2 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Services received | Services received | ||
Commitments made by entity, related party transactions | $ 277,482 | $ 298,865 | ||
Ralated Party Transactions Charges Credits on Income | $ (277,482) | $ (298,865) | ||
Empresa Nacional de Energa Enex SA [Member] | Purchase of products [Member] | ||||
Related Parties Tax ID | 92,011,000-2 | 92,011,000-2 | 92,011,000-2 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Purchase of products | Purchase of products | Purchase of products | |
Commitments made by entity, related party transactions | $ 227,106 | $ 260,177 | ||
Ralated Party Transactions Charges Credits on Income | $ (227,106) | $ (260,177) | ||
Antofagasta Minerals S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 93,920,000-2 | 93,920,000-2 | 93,920,000-2 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 34,966 | $ 33,441 | ||
Ralated Party Transactions Charges Credits on Income | $ 27,973 | $ 26,753 | ||
Inversiones Enex S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 94,625,000-7 | 94,625,000-7 | 94,625,000-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 1,474,819 | $ 1,445,395 | ||
Ralated Party Transactions Charges Credits on Income | $ 1,179,855 | $ 1,156,316 | ||
Inversiones Y Rentas S.A. [Member] | Dividends paid [Member] | ||||
Related Parties Tax ID | 96,427,000-7 | 96,427,000-7 | 96,427,000-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Dividends paid | Dividends paid | Dividends paid | |
Commitments made by entity, related party transactions | $ 35,137,554 | $ 34,633,542 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Inversiones Y Rentas S.A. [Member] | Office lease [Member] | ||||
Related Parties Tax ID | 96,427,000-7 | 96,427,000-7 | 96,427,000-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Office lease | Office lease | Office lease | |
Commitments made by entity, related party transactions | $ 9,106 | $ 9,622 | ||
Ralated Party Transactions Charges Credits on Income | $ 9,106 | $ 9,622 | ||
Banchile Corredores de Bolsa S.A. [Member] | Investment [Member] | ||||
Related Parties Tax ID | 96,571,220-8 | 96,571,220-8 | 96,571,220-8 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Investments | Investments | Investments | |
Commitments made by entity, related party transactions | $ 1,231,060,000 | $ 645,420,000 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Banchile Corredores de Bolsa S.A. [Member] | Investment Rescue [Member] | ||||
Related Parties Tax ID | 96,571,220-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Investment Rescue | |||
Banchile Corredora de Bolsa SA [Member] | Investment Rescue [Member] | ||||
Related Parties Tax ID | 96,571,220-8 | 96,571,220-8 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Investment Rescue | Investment Rescue | ||
Commitments made by entity, related party transactions | $ 1,220,115,263 | $ 654,640,312 | ||
Ralated Party Transactions Charges Credits on Income | $ 1,225,263 | $ 720,312 | ||
Empresas Carozzi S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 96,591,040-9 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Empresas Carozzi S.A. [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 96,591,040-9 | 96,591,040-9 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Commitments made by entity, related party transactions | $ 35,820 | $ 91,198 | ||
Ralated Party Transactions Charges Credits on Income | $ 28,656 | $ 72,958 | ||
Inversiones Punta Brava SA [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 96,657,690-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Inversiones Punta Brava SA [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 96,657,690-7 | 96,657,690-7 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Commitments made by entity, related party transactions | $ 1,095 | $ 1,150 | ||
Ralated Party Transactions Charges Credits on Income | $ 876 | $ 920 | ||
Inversiones Punta Brava SA [Member] | Services received [Member] | ||||
Related Parties Tax ID | 96,657,690-7 | 96,657,690-7 | 96,657,690-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Services received | Services received | Services received | |
Commitments made by entity, related party transactions | $ 87,394 | $ 83,946 | ||
Ralated Party Transactions Charges Credits on Income | $ (87,394) | $ (83,946) | ||
Transbank S.A. [Member] | Commission [Member] | ||||
Related Parties Tax ID | 96,689,310-9 | 96,689,310-9 | 96,689,310-9 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Commission | Commission | Commission | |
Commitments made by entity, related party transactions | $ 167,149 | $ 131,269 | ||
Ralated Party Transactions Charges Credits on Income | $ (167,149) | $ (131,269) | ||
SAAM Extraportuario SA [Member] | Services received [Member] | ||||
Related Parties Tax ID | 96,798,520-1 | 96,798,520-1 | 96,798,520-1 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Services received | Services received | Services received | |
Commitments made by entity, related party transactions | $ 83,711 | $ 55,148 | ||
Ralated Party Transactions Charges Credits on Income | $ (83,711) | $ (55,148) | ||
Radiodifusin SpA [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 96,810,030-0 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Services provided | |||
Radiodifusin SpA [Member] | Services received [Member] | ||||
Related Parties Tax ID | 96,810,030-0 | 96,810,030-0 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Services provided | Services provided | ||
Commitments made by entity, related party transactions | $ 470,325 | $ 391,598 | ||
Ralated Party Transactions Charges Credits on Income | $ (470,325) | $ (391,598) | ||
Cervecera Austral SA [Member] | Dividends received [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | 96,919,980-7 | 96,919,980-7 | |
Country of incorporation | Chille | Chille | Chille | |
Description of nature of related party relationship | Dividends received | Dividends received | Dividends received | |
Commitments made by entity, related party transactions | $ 372,088 | $ 245,068 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | 0 | ||
Cervecera Austral SA One [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | 96,919,980-7 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Commitments made by entity, related party transactions | $ 0 | 413,117 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 183,835 | ||
Cervecera Austral SA One [Member] | Royalties [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Royalty | |||
Cervecera Austral SA Two [Member] | Purchase of products [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | 96,919,980-7 | 96,919,980-7 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Purchase of products | Purchase of products | Purchase of products | |
Commitments made by entity, related party transactions | $ 10,055,050 | $ 8,481,780 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Cervecera Austral SAThree [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Cervecera Austral SAThree [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | 96,919,980-7 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Services provided | Services provided | ||
Commitments made by entity, related party transactions | $ 279,607 | $ 253,473 | ||
Ralated Party Transactions Charges Credits on Income | $ 279,607 | $ 253,473 | ||
Cervecera Austral SA Four [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Services provided | |||
Cervecera Austral SA Four [Member] | Royalties [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | 96,919,980-7 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Royalty | Royalty | ||
Commitments made by entity, related party transactions | $ 329,276 | $ 333,356 | ||
Ralated Party Transactions Charges Credits on Income | $ (329,276) | (333,356) | ||
Banco de Chile [Member] | Interests [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | 97,004,000-5 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Interests | Interests | ||
Commitments made by entity, related party transactions | $ 165,325 | 369,097 | ||
Ralated Party Transactions Charges Credits on Income | $ (165,325) | $ (369,097) | ||
Banco de Chile [Member] | Derivatives [member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Derivatives | |||
Banco de Chile One [Member] | Interests [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Interests | |||
Banco de Chile One [Member] | Transportation of securities [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | 97,004,000-5 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Transportation of securities | Transportation of securities | ||
Commitments made by entity, related party transactions | $ 368,839 | $ 359,579 | ||
Ralated Party Transactions Charges Credits on Income | $ (368,839) | $ (359,579) | ||
Banco de Chile Two [Member] | Investment [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Investments | |||
Banco de Chile Two [Member] | Remittanse send [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | 97,004,000-5 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Derivatives | Derivatives | ||
Commitments made by entity, related party transactions | $ 42,723,097 | $ 63,548,208 | ||
Ralated Party Transactions Charges Credits on Income | $ 6,622,290 | 5,500,174 | ||
Banco de Chile Three [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | 97,004,000-5 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Commitments made by entity, related party transactions | $ 247,781 | 219,821 | ||
Ralated Party Transactions Charges Credits on Income | $ 198,225 | $ 175,857 | ||
Banco de Chile Three [Member] | Financial income [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Financial income | |||
Commitments made by entity, related party transactions | 247,101 | |||
Ralated Party Transactions Charges Credits on Income | 247,101 | |||
Banco de Chile Four [Member] | Investment [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | 97,004,000-5 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Investments | Investments | ||
Commitments made by entity, related party transactions | $ 323,366,723 | $ 2,146,826 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Banco de Chile Four [Member] | Leasing paid [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Leasing paid | |||
Commitments made by entity, related party transactions | 87,457 | |||
Ralated Party Transactions Charges Credits on Income | 2,266 | |||
Banco de Chile Five [Member] | Investment Rescue [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | 97,004,000-5 | ||
Country of incorporation | Chile | Chile | ||
Description of nature of related party relationship | Investment Rescue | Investment Rescue | ||
Commitments made by entity, related party transactions | $ 321,199,617 | $ 2,155,817 | ||
Ralated Party Transactions Charges Credits on Income | $ 334,173 | $ 3,596 | ||
Banco de Chile Five [Member] | Transportation of securities [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Transportation of securities | |||
Banco de Chile Six [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Foods Compaa de Alimentos CCU SA [Member] | Remittanse send [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | 99,542,980-2 | 99,542,980-2 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Remittanse send | Remittanse send | Remittanse send | |
Commitments made by entity, related party transactions | $ 0 | $ 717,900 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Foods Compaa de Alimentos CCU SA One [Member] | Services provided [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | 99,542,980-2 | 99,542,980-2 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Services provided | Services provided | Services provided | |
Commitments made by entity, related party transactions | $ 444,677 | $ 731,310 | ||
Ralated Party Transactions Charges Credits on Income | $ 444,677 | $ 731,310 | ||
Foods Compaa de Alimentos CCU SA Two [Member] | Purchase of products [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | 99,542,980-2 | 99,542,980-2 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Purchase of products | Purchase of products | Purchase of products | |
Commitments made by entity, related party transactions | $ 11,590 | $ 15,329 | ||
Ralated Party Transactions Charges Credits on Income | $ (11,590) | $ (15,329) | ||
Foods Compaa de Alimentos CCU SA Three [Member] | Consignation sales [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | 99,542,980-2 | 99,542,980-2 | |
Country of incorporation | Chile | Chile | Chile | |
Description of nature of related party relationship | Consignation sales | Consignation sales | Consignation sales | |
Commitments made by entity, related party transactions | $ 3,029,169 | $ 2,804,870 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Bebidas Bolivianas BBO S.A. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | Bolivia | Bolivia | Bolivia | |
Description of nature of related party relationship | Sales of products | Sales of products | Sales of products | |
Commitments made by entity, related party transactions | $ 194,516 | $ 425,664 | ||
Ralated Party Transactions Charges Credits on Income | $ 73,916 | $ 161,752 | ||
Bebidas Bolivianas BBO S.A. [Member] | Contribution of capital [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Bolivia | |||
Description of nature of related party relationship | Contribution of capital | |||
Commitments made by entity, related party transactions | 2,174,370 | |||
Ralated Party Transactions Charges Credits on Income | 0 | |||
Central Cervecera de Colombia S.A.S. [Member] | Capital contribution [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | Colombia | Colombia | Colombia | |
Description of nature of related party relationship | Capital contribution | Capital contribution | Capital contribution | |
Commitments made by entity, related party transactions | $ 0 | $ 28,232,532 | 22,943,861 | |
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | 0 | |
Zona Franca Central Cervecera S.A.S. [Member] | Capital contribution [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | Colombia | Colombia | Colombia | |
Description of nature of related party relationship | Capital contribution | Capital contribution | Capital contribution | |
Commitments made by entity, related party transactions | $ 59,505,559 | $ 21,080,358 | 0 | |
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | 0 | |
Americas Distilling Investments [Member] | Capital contribution [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | United States | United States | United States | |
Description of nature of related party relationship | Capital contribution | Capital contribution | Capital contribution | |
Commitments made by entity, related party transactions | $ 0 | $ 1,043,720 | 0 | |
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | 0 | |
Amstel Brouwerijen B.V. [Member] | License and technical assistance [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | Netherlands | Netherlands | Netherlands | |
Description of nature of related party relationship | License and technical assistance | License and technical assistance | License and technical assistance | |
Commitments made by entity, related party transactions | $ 247,395 | $ 211,740 | ||
Ralated Party Transactions Charges Credits on Income | $ (247,395) | $ (211,740) | ||
Heineken Brouwerijen B.V. [Member] | Purchase of products [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | Netherlands | Netherlands | Netherlands | |
Description of nature of related party relationship | Purchase of products | Purchase of products | Purchase of products | |
Commitments made by entity, related party transactions | $ 432,639 | $ 306,553 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 0 | ||
Heineken Brouwerijen BV One [Member] | License and technical assistance [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | Netherlands | Netherlands | Netherlands | |
Description of nature of related party relationship | License and technical assistance | License and technical assistance | License and technical assistance | |
Commitments made by entity, related party transactions | $ 9,609,913 | $ 11,051,487 | ||
Ralated Party Transactions Charges Credits on Income | $ (9,609,913) | $ (11,051,487) | ||
Heineken Brouwerijen BV Two [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Netherlands | |||
Description of nature of related party relationship | Sales of products | |||
Heineken Brouwerijen BV Two [Member] | Services received [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | ||
Country of incorporation | Netherlands | Netherlands | ||
Description of nature of related party relationship | Services received | Services received | ||
Commitments made by entity, related party transactions | $ 73,733 | $ 166,677 | ||
Ralated Party Transactions Charges Credits on Income | $ (73,733) | (166,677) | ||
Heineken Brouwerijen BV Three [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | ||
Country of incorporation | Netherlands | Netherlands | ||
Description of nature of related party relationship | Sales of products | Sales of products | ||
Commitments made by entity, related party transactions | $ 0 | 846,179 | ||
Ralated Party Transactions Charges Credits on Income | $ 0 | $ 634,634 | ||
Heineken Brouwerijen BV Three [Member] | Services received [Member] | ||||
Related Parties Tax ID | 0-E | |||
Country of incorporation | Netherlands | |||
Description of nature of related party relationship | Services received | |||
Societ des Produits Nestl SA [Member] | Royalties [Member] | ||||
Related Parties Tax ID | 0-E | 0-E | 0-E | |
Country of incorporation | Switzerland | Switzerland | Switzerland | |
Description of nature of related party relationship | Royalty | Royalty | Royalty | |
Commitments made by entity, related party transactions | $ 543,331 | $ 520,363 | ||
Ralated Party Transactions Charges Credits on Income | $ (543,331) | $ (520,363) | ||
Compaa Chilena de Fsforos SA [Member] | Dividends paid [Member] | ||||
Related Parties Tax ID | 90,081,000-8 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Dividends paid | |||
Operaciones y Servicios Enex Ltda. [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 78,780,780-1 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Commitments made by entity, related party transactions | 224,387 | |||
Ralated Party Transactions Charges Credits on Income | 183,997 | |||
Cervecera AustralSA Five [Member] | Royalties [Member] | ||||
Related Parties Tax ID | 96,919,980-7 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Royalty | |||
Commitments made by entity, related party transactions | 0 | |||
Ralated Party Transactions Charges Credits on Income | 0 | |||
Banco de Chile Seven [Member] | Leasing paid [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Leasing paid | |||
Commitments made by entity, related party transactions | 87,457 | |||
Ralated Party Transactions Charges Credits on Income | 2,266 | |||
Banco de Chile Eight [Member] | Investment Rescue [Member] | ||||
Related Parties Tax ID | 97,004,000-5 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Investment Rescue | |||
Commitments made by entity, related party transactions | 247,101 | |||
Ralated Party Transactions Charges Credits on Income | 247,101 | |||
Foods Compaa De Alimentos CCUSA Four [Member] | Sales of products [Member] | ||||
Related Parties Tax ID | 99,542,980-2 | |||
Country of incorporation | Chile | |||
Description of nature of related party relationship | Sales of products | |||
Commitments made by entity, related party transactions | 5,973 | |||
Ralated Party Transactions Charges Credits on Income | $ 2,745 |
Accounts and transactions wit_6
Accounts and transactions with related parties (Details Textual) $ in Thousands, $ in Thousands, in Thousands | Apr. 11, 2018USD ($) | Apr. 11, 2018CLF ( ) | Dec. 31, 2018CLP ($) | Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLP ($) | Dec. 31, 2017CLF ( ) | Dec. 31, 2016CLP ($) |
Explanation of terms and conditions of outstanding balances for related party transaction | (3) An agreement between the subsidiary Compañía Pisquera de Chile S.A. with Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. due to differences resulting from the contributions made by the latter. It establishes a 3% annual interest over capital, with annual payments to be made in eight instalments of UF 1,124 each. Beginning February 28, 2007 and UF 9,995 bullet payment at the last contribution date. In accordance with the contract, Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. renewed the contract for a period of nine years with maturing in the year 2023. Consequently, the UF 9,995 will be paid in nine equal and successive instalments of UF 1,200 each and a final payment of UF 2,050, beginning on February 28, 2015. An agreement of grape supply between the subsidiary Compañía Pisquera de Chile S.A. and Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. These contracts stipulate a 3% annual interest on the capital, with a term of eight years, and annual payments to expire on the following dates: May 31, 2018, May 31, 2019 and May 31, 2020. | (3) An agreement between the subsidiary Compañía Pisquera de Chile S.A. with Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. due to differences resulting from the contributions made by the latter. It establishes a 3% annual interest over capital, with annual payments to be made in eight instalments of UF 1,124 each. Beginning February 28, 2007 and UF 9,995 bullet payment at the last contribution date. In accordance with the contract, Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. renewed the contract for a period of nine years with maturing in the year 2023. Consequently, the UF 9,995 will be paid in nine equal and successive instalments of UF 1,200 each and a final payment of UF 2,050, beginning on February 28, 2015. An agreement of grape supply between the subsidiary Compañía Pisquera de Chile S.A. and Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. These contracts stipulate a 3% annual interest on the capital, with a term of eight years, and annual payments to expire on the following dates: May 31, 2018, May 31, 2019 and May 31, 2020. | |||||
Directors' remuneration expense | $ 100 | ||||||
Expenses For Monthly Attendance Fee To Chairman | | 200 | ||||||
Key Management Personnel Compensation Computation Description | If the distributed dividends exceed 50% of the net profits, the Board of Directors’ variable remuneration shall be calculated over a maximum 50% of such profits. | If the distributed dividends exceed 50% of the net profits, the Board of Directors’ variable remuneration shall be calculated over a maximum 50% of such profits. | |||||
Key management personnel compensation | $ 7,308,365 | $ 6,449,061 | $ 7,565,658 | ||||
Directors Sitting Fees | 217,514 | 224,813 | 212,665 | ||||
Business Operations Basis Spread Percentage | 3.00% | 3.00% | |||||
Directors [Member] | |||||||
Key Management Personnel Compensation Paid | $ 3,263,451 | $ 3,146,516 | $ 3,215,759 |
Inventories (Details)
Inventories (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Inventories [Line Items] | ||
Finished products | $ 83,843,751 | $ 74,897,803 |
In process products | 3,109,463 | 2,861,150 |
Raw material | 127,732,091 | 114,911,632 |
In transit raw material | 8,488,881 | 5,236,825 |
Materials and products | 6,206,087 | 5,618,614 |
Realizable net value estimate and obsolescence | (1,318,036) | (1,538,133) |
Total | $ 228,062,237 | $ 201,987,891 |
Inventories (Details 1)
Inventories (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Inventories [Abstract] | ||
Initial balance | $ (1,538,133) | $ (2,337,354) |
Inventories write-down estimation | (3,081,986) | (2,268,199) |
Estimates resulting from business combinations | (101,244) | 0 |
Inventories recognised as an expense | 3,296,095 | 2,981,075 |
Business combination effect | 107,232 | 86,345 |
Total | $ (1,318,036) | $ (1,538,133) |
Inventories (Details Textual)
Inventories (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Inventories [Abstract] | |||
Cost of inventories recognised as expense during period | $ 3,296,095 | $ 2,981,075 | $ 2,012,748 |
Biological assets (Details)
Biological assets (Details) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of reconciliation of changes in biological assets [line items] | ||||
Current biological assets | $ 8,489,873 | $ 8,157,688 | $ 7,948,379 | |
Gross carrying amount [member] | ||||
Disclosure of reconciliation of changes in biological assets [line items] | ||||
Current biological assets | 8,489,873 | 8,157,688 | $ 7,948,379 | |
Acquisitions through business combinations, biological assets | 20,871,261 | 18,440,177 | ||
Decrease due to harvest, biological assets | (20,634,418) | (18,230,868) | ||
Increase (decrease) in biological assets | 332,185 | $ 209,309 | ||
Increase (decrease) through other changes, biological assets | [1] | $ 95,342 | ||
[1] | Mainly corresponds to the financial effect of the application IAS 29 “Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b). |
Non-current assets of disposa_3
Non-current assets of disposal groups classified as held for sale (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Noncurrent Asset Held For Sale And Discontinued Operations [Line Items] | ||
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners | $ 2,780,607 | $ 2,305,711 |
Land [member] | ||
Disclosure Noncurrent Asset Held For Sale And Discontinued Operations [Line Items] | ||
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners | 1,894,078 | 1,786,879 |
Contructions [member] | ||
Disclosure Noncurrent Asset Held For Sale And Discontinued Operations [Line Items] | ||
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners | 718,203 | 473,975 |
Machinery [member] | ||
Disclosure Noncurrent Asset Held For Sale And Discontinued Operations [Line Items] | ||
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners | $ 168,326 | $ 44,857 |
Non-current assets of disposa_4
Non-current assets of disposal groups classified as held for sale (Details Textual) $ in Thousands, $ in Thousands | Jan. 08, 2017CLP ($) | May 31, 2017CLP ($) | May 31, 2017CLF ( ) | Dec. 31, 2017CLF ( ) | Dec. 31, 2018CLP ($) | Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLP ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017CLF ( ) | Jan. 08, 2016CLF ( ) | Jan. 07, 2016CLF ( ) | Dec. 31, 2015CLP ($) |
Disclosure Noncurrent Asset Held For Sale And Discontinued Operations [Line Items] | ||||||||||||
Non-current assets or disposal groups classified as held for sale | $ 2,780,607 | $ 2,305,711 | 150,000 | |||||||||
Amounts receivable, related party transactions | 185,648,399,000 | $ 306,000,000 | ||||||||||
Compania Pisquera de Chile SA [Member] | ||||||||||||
Disclosure Noncurrent Asset Held For Sale And Discontinued Operations [Line Items] | ||||||||||||
Proportion Of Subsidiary Ownership Percentage Sold | 49.00% | 49.00% | ||||||||||
Compania Pisquera de Chile SA [Member] | Chile operating segment [Member] | ||||||||||||
Disclosure Noncurrent Asset Held For Sale And Discontinued Operations [Line Items] | ||||||||||||
Non-current assets or disposal groups classified as held for sale | 20,000 | $ 3,844,364 | ||||||||||
Proportion Of Subsidiary Ownership Percentage Sold | 49.00% | |||||||||||
Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations | $ 512,596 | $ 578,958 | 20 | 90 | ||||||||
Amounts receivable, related party transactions | 2,411,832,000 |
Business Combinations (Details
Business Combinations (Details Textual) | Sep. 20, 2018CLP ($) | Sep. 20, 2018USD ($) | Aug. 09, 2018CLP ($) | Aug. 31, 2018CLP ($)shares | Dec. 29, 2016CLP ($) | Dec. 31, 2018CLP ($)shares | Dec. 31, 2017 | Nov. 13, 2018shares | Aug. 09, 2018USD ($) | Jan. 29, 2018CLP ($)$ / perunit | Nov. 17, 2016CLP ($) | Nov. 17, 2016USD ($) | Jun. 08, 2016CLP ($) | Jun. 08, 2016USD ($) | Mar. 31, 2016CLP ($) | Mar. 31, 2016USD ($) | Jan. 07, 2016CLP ($) | Dec. 09, 2015CLP ($) | Dec. 09, 2015USD ($) | May 07, 2014CLP ($) | May 07, 2014USD ($) | |
Disclosure of detailed information about business combination [line items] | ||||||||||||||||||||||
Percentage of voting equity interests acquired | 17.00% | 30.0004% | 49.9589% | 17.00% | 0.18% | |||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 5,457,935,000 | $ 361,560,000 | $ 641,489,000 | $ 8,500,000,000 | $ 49,400,000,000 | $ 118,092,000 | ||||||||||||||||
Payment Of Capital Commitment | $ 2,226,656,000 | |||||||||||||||||||||
Number of instruments or interests issued or issuable | $ / perunit | 934,774,763 | |||||||||||||||||||||
Consideration paid (received) | $ 470,711,000 | |||||||||||||||||||||
Number of shares issued and fully paid | shares | 369,502,872 | (12,000) | ||||||||||||||||||||
Bebidas del Paraguay S.A [Member] | ||||||||||||||||||||||
Disclosure of detailed information about business combination [line items] | ||||||||||||||||||||||
Proportion of voting rights held in subsidiary | [1] | 50.0049% | 50.0049% | |||||||||||||||||||
Sajona Brewing Company S.R.L [Member] | Bebidas del Paraguay S.A [Member] | ||||||||||||||||||||||
Disclosure of detailed information about business combination [line items] | ||||||||||||||||||||||
Percentage of voting equity interests acquired | 51.00% | 51.00% | ||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 641,489,000 | $ 1,000,000,000 | ||||||||||||||||||||
Bebidas Bolivianas BBO SA Member [Member] | ||||||||||||||||||||||
Disclosure of detailed information about business combination [line items] | ||||||||||||||||||||||
Percentage of voting equity interests acquired | 17.00% | 17.00% | 34.00% | 34.00% | ||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 5,457,935,000 | $ 8,500,000,000 | $ 663,951,000 | $ 1,019,970,000 | $ 1,510,420,000 | $ 2,221,696,000 | $ 1,921,245,000 | $ 2,720,000 | $ 13,776,885 | $ 24,303,000 | ||||||||||||
Proportion of voting rights held in subsidiary | 51.00% | |||||||||||||||||||||
Payment Of Capital Commitment | $ 1,044,688,000 | $ 1,530,029,000 | ||||||||||||||||||||
Cervecera Guayacn SpA Member [Member] | ||||||||||||||||||||||
Disclosure of detailed information about business combination [line items] | ||||||||||||||||||||||
Percentage of voting equity interests acquired | 30.0004% | |||||||||||||||||||||
Consideration transferred, acquisition-date fair value | $ 361,560,000 | |||||||||||||||||||||
Proportion of voting rights held in subsidiary | 50.0004% | |||||||||||||||||||||
Number of instruments or interests issued or issuable | 39,232,000 | |||||||||||||||||||||
Consideration paid (received) | $ 470,711,000 | |||||||||||||||||||||
Number of shares issued and fully paid | shares | 49,038 | |||||||||||||||||||||
[1] | See Note 1 – General Information, letter E), Subsidiaries with direct or indirect participation of less than 50% |
Investments accounted for usi_3
Investments accounted for using equity method (Details) - CLP ($) $ in Thousands | Jan. 07, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Proportion of ownership interest in joint venture | 50.99% | |||
Investments accounted for using equity method | $ 142,017,781 | $ 99,270,280 | $ 64,404,946 | |
Associates [member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Investments accounted for using equity method | $ 1,229,540 | 16,281,255 | ||
Associates [member] | Bebidas Bolivianas BBO S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Proportion of ownership interest in joint venture | 34.00% | |||
Investments accounted for using equity method | $ 0 | 14,641,870 | ||
Associates [member] | Other companies [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Investments accounted for using equity method | 1,229,540 | 1,639,385 | ||
Joint ventures [member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Investments accounted for using equity method | $ 140,788,241 | 82,989,025 | ||
Joint ventures [member] | Cerveceria Austral S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Proportion of ownership interest in joint venture | 50.00% | |||
Investments accounted for using equity method | $ 7,327,949 | 6,126,384 | ||
Joint ventures [member] | Foods Compania de Alimentos CCU S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Proportion of ownership interest in joint venture | 50.00% | |||
Investments accounted for using equity method | $ 12,012,276 | 5,792,242 | ||
Joint ventures [member] | Central Cervecera de Colombia S.A.S. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Proportion of ownership interest in joint venture | 50.00% | |||
Investments accounted for using equity method | $ 40,681,482 | 50,374,322 | ||
Joint ventures [member] | Zona Franca Central Cervecera S.A.S. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Proportion of ownership interest in joint venture | 50.00% | |||
Investments accounted for using equity method | $ 80,766,534 | $ 20,696,077 |
Investments accounted for usi_4
Investments accounted for using equity method (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | |
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Goodwill | $ 123,044,901 | $ 94,617,474 | $ 96,926,551 | |
Business combinations [member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Goodwill | 1,894,770 | 10,189,094 | ||
Bebidas Bolivianas BBO S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Goodwill | [1] | 0 | 8,294,324 | |
Cerveceria Austral S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Goodwill | $ 1,894,770 | $ 1,894,770 | ||
[1] | See Note 15 – Business combinations, letter a). |
Investments accounted for usi_5
Investments accounted for using equity method (Details 2) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | $ (10,815,520) | $ (8,914,097) | $ (5,560,522) | |
Associates [member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | (1,050,292) | (1,473,169) | (1,825,613) | |
Associates [member] | Bebidas Bolivianas BBO S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | [1],[2] | (921,812) | (1,459,916) | (1,805,548) |
Associates [member] | Other companies [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | [3] | (128,480) | (13,253) | (20,065) |
Joint ventures [member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | (9,765,228) | (7,440,928) | (3,734,909) | |
Joint ventures [member] | Cerveceria Austral S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | 1,638,811 | 952,235 | 754,326 | |
Joint ventures [member] | Foods Compania de Alimentos CCU S.A. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | 792,376 | 165,905 | (519,536) | |
Joint ventures [member] | Central Cervecera de Colombia S.A.S. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | (11,804,950) | (8,646,651) | (3,969,699) | |
Joint ventures [member] | Zona Franca Central Cervecera S.A.S. [Member] | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Share of net loss of joint ventures and associates accounted for using the equity method | $ (391,465) | $ 87,583 | $ 0 | |
[1] | See Note 15 – Business combinations, letter a). | |||
[2] | See Note 15 – Business combinations, letter a). | |||
[3] | See Note 15 – Business combinations, letter b). |
Investments accounted for usi_6
Investments accounted for using equity method (Details 3) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Balance at the beginning of year | $ 99,270,280 | $ 64,404,946 | ||
Other payments to acquire interests in joint ventures | 59,505,559 | 49,312,890 | ||
Cash flows used to purchase non-controlling interests | 0 | 1,149,689 | ||
Participation in the joint ventures and associates (loss) | (10,815,520) | (8,914,097) | $ (5,560,522) | |
Dividends received | (423,994) | (353,150) | ||
Business combinations | [1] | (14,144,241) | 0 | |
Others | 8,625,697 | (6,329,998) | ||
Total | $ 142,017,781 | $ 99,270,280 | $ 64,404,946 | |
[1] | See Note 15 – Business combinations, letter a) and b). |
Investments accounted for usi_7
Investments accounted for using equity method (Details 4) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||
Current assets | $ 941,007,259 | $ 729,106,553 |
Non-current assets | 1,464,857,657 | 1,247,122,534 |
Current liabilities | 645,724,245 | 468,749,455 |
Non-current liabilities | 371,024,728 | 280,651,024 |
Associated | ||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||
Current assets | 5,540,894 | |
Non-current assets | 26,609,731 | |
Current liabilities | 4,444,262 | |
Non-current liabilities | 9,037,112 | |
Joint ventures [member] | ||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||
Current assets | 206,761,242 | 49,960,930 |
Non-current assets | 246,997,507 | 150,837,264 |
Current liabilities | 172,143,127 | 35,339,239 |
Non-current liabilities | $ 2,893,856 | $ 1,994,220 |
Investments accounted for usi_8
Investments accounted for using equity method (Details 5) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Net sales | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 |
Net income of year | 322,084,531 | 148,108,419 | 140,081,887 | |
Other comprehensive income | 37,112,643 | (34,818,972) | (28,912,048) | |
Depreciation and amortization | (93,289,194) | (92,199,504) | (83,528,045) | |
Associated | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Net sales | 19,760,918 | 19,733,853 | ||
Operating result | (4,086,973) | (4,159,093) | ||
Net income of year | (4,462,733) | (4,712,596) | ||
Other comprehensive income | (5,761,515) | (7,965,214) | ||
Depreciation and amortization | (2,818,923) | (2,698,849) | ||
Joint ventures | ||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||
Net sales | 70,296,729 | 57,417,288 | 63,926,397 | |
Operating result | (21,173,985) | (18,606,383) | (11,913,526) | |
Net income of year | (19,886,274) | (14,352,788) | (7,287,727) | |
Other comprehensive income | (24,720,721) | (27,052,015) | (3,451,487) | |
Depreciation and amortization | $ (2,656,715) | $ (2,618,567) | $ (2,104,820) | |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Investments accounted for usi_9
Investments accounted for using equity method (Details Textual) $ in Thousands, $ in Thousands, in Thousands | 12 Months Ended | |||||||||||
Dec. 31, 2018CLP ($)lb | Dec. 31, 2018CLF ( )lb | Dec. 31, 2017CLP ($) | Dec. 31, 2016CLP ($) | Aug. 31, 2018CLP ($) | Aug. 09, 2018CLP ($) | Aug. 09, 2018USD ($) | Jan. 29, 2018CLP ($) | Aug. 16, 2017CLP ($) | Aug. 16, 2017USD ($) | Jan. 07, 2016CLP ($) | ||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||||||||||
Percentage of voting equity interests acquired | 49.9589% | 30.0004% | 17.00% | 17.00% | 0.18% | |||||||
Consideration transferred, acquisition-date fair value | $ 641,489 | $ 361,560 | $ 5,457,935 | $ 8,500,000 | $ 49,400,000 | $ 118,092 | ||||||
Annual Beer Production Capacity In Hectoliters | lb | 3,000,000 | 3,000,000 | ||||||||||
Commitments made by entity, related party transactions | 200,000,000 | $ 0 | ||||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | $ | [1] | $ 59,505,559 | $ 49,312,890 | $ 27,043,481 | ||||||||
Zona Franca Central Cervecera S.A.S. [Member] | ||||||||||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | 144,740,179 | 93,643,761 | ||||||||||
Zona Franca Central Cervecera S.A.S. [Member] | CCU Inversiones ll Limitada [Member] | ||||||||||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||||||||||
Percentage of voting equity interests acquired | 50.00% | 50.00% | ||||||||||
Consideration transferred, acquisition-date fair value | $ 6,432 | $ 10,204 | ||||||||||
Central Cervecera de Colombia S.A.S. [Member] | ||||||||||||
Disclosure Of Investments Accounted For Using Equity Method [Line Items] | ||||||||||||
Other cash payments to acquire interests in joint ventures, classified as investing activities | 236,857,949 | $ 153,149,320 | ||||||||||
[1] | Corresponds to payments of commited capital made between 2016 to 2018 in Central Cervecera de Colombia S.A.S. and the acquisition in 2017 of 50% of Zona Franca Central Cervecera S.A.S. (see Note 16 – Investments accounted using equity method). Additionally, in 2016, includes the amount paid in proportion to the creation of the company Promarca Internacional SpA. (See Note 1 – General information, letter E)). |
Intangible assets other than _3
Intangible assets other than goodwill (Details) - CLP ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | $ 77,032,480 | $ 77,934,155 |
Additions | 20,864,723 | 3,657,467 |
Additions for business combination | 7,235,364 | |
Disposals, intangible assets other than goodwill | (92,415) | |
Amortization of year | (3,038,956) | (3,046,409) |
Others increase (decreased) | 18,658,887 | |
Changes | 41,931,662 | (901,675) |
As of December | 118,964,142 | 77,032,480 |
Trademarks | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 63,804,999 | 65,160,928 |
Additions | 16,647,981 | 0 |
Additions for business combination | 7,168,245 | |
Disposals, intangible assets other than goodwill | 0 | |
Amortization of year | 0 | 0 |
Others increase (decreased) | 18,117,445 | |
Changes | 40,682,138 | (1,355,929) |
As of December | 104,487,137 | 63,804,999 |
Software programs | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 10,824,733 | 10,292,591 |
Additions | 3,431,842 | 3,498,499 |
Additions for business combination | 67,119 | |
Disposals, intangible assets other than goodwill | 0 | |
Amortization of year | (2,999,205) | (2,873,115) |
Others increase (decreased) | 323,268 | |
Changes | 446,708 | 532,142 |
As of December | 11,271,441 | 10,824,733 |
Water rights | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 2,250,027 | 2,091,059 |
Additions | 784,900 | 158,968 |
Additions for business combination | 0 | |
Disposals, intangible assets other than goodwill | (92,415) | |
Amortization of year | 0 | 0 |
Others increase (decreased) | 0 | |
Changes | 692,485 | 158,968 |
As of December | 2,942,512 | 2,250,027 |
Distribution rights | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 152,721 | 389,577 |
Additions | 0 | 0 |
Additions for business combination | 0 | |
Disposals, intangible assets other than goodwill | 0 | |
Amortization of year | (39,751) | (173,294) |
Others increase (decreased) | 218,174 | |
Changes | 110,331 | (236,856) |
As of December | 263,052 | 152,721 |
Gross carrying amount [member] | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 98,214,077 | 96,379,769 |
Disposals, intangible assets other than goodwill | (103,901) | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | (1,459,981) | (1,719,258) |
As of December | 143,420,655 | 98,214,077 |
Gross carrying amount [member] | Trademarks | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 63,804,999 | 65,160,928 |
Disposals, intangible assets other than goodwill | (226) | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | (1,251,533) | (1,355,703) |
As of December | 104,487,137 | 63,804,999 |
Gross carrying amount [member] | Software programs | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 31,499,321 | 28,364,765 |
Disposals, intangible assets other than goodwill | (103,675) | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | (164,197) | (260,268) |
As of December | 35,157,353 | 31,499,321 |
Gross carrying amount [member] | Water rights | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 2,250,027 | 2,091,059 |
Disposals, intangible assets other than goodwill | 0 | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | 0 | 0 |
As of December | 2,942,512 | 2,250,027 |
Gross carrying amount [member] | Distribution rights | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 659,730 | 763,017 |
Disposals, intangible assets other than goodwill | 0 | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | (44,251) | (103,287) |
As of December | 833,653 | 659,730 |
Accumulated depreciation and amortisation [member] | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | (21,181,597) | (18,445,614) |
Disposals, intangible assets other than goodwill | 103,675 | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | (235,960) | 206,751 |
As of December | (24,456,513) | (21,181,597) |
Accumulated depreciation and amortisation [member] | Trademarks | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 0 | 0 |
Disposals, intangible assets other than goodwill | 0 | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | 0 | 0 |
As of December | 0 | 0 |
Accumulated depreciation and amortisation [member] | Software programs | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | (20,674,588) | (18,072,174) |
Disposals, intangible assets other than goodwill | 103,675 | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | (212,119) | 167,026 |
As of December | (23,885,912) | (20,674,588) |
Accumulated depreciation and amortisation [member] | Water rights | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | 0 | 0 |
Disposals, intangible assets other than goodwill | 0 | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | 0 | 0 |
As of December | 0 | 0 |
Accumulated depreciation and amortisation [member] | Distribution rights | ||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||
As of January | (507,009) | (373,440) |
Disposals, intangible assets other than goodwill | 0 | |
Increase (decrease) through net exchange differences, intangible assets other than goodwill | (23,841) | 39,725 |
As of December | $ (570,601) | $ (507,009) |
Intangible assets other than _4
Intangible assets other than goodwill (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ 118,964,142 | $ 77,032,480 | $ 77,934,155 | |
Chile | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 35,280,580 | 34,292,463 | ||
Chile | Embotelladoras Chilenas Unidas S.A. | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 31,659,575 | 31,476,163 | ||
Chile | Manantial S.A. | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 1,166,000 | 1,166,000 | ||
Chile | Compañía Pisquera de Chile S.A. | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 1,363,782 | 1,363,782 | ||
Chile | Compañía Cervecería Kunstmann S.A. | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | [1] | 1,091,223 | 286,518 | |
International Business | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 49,381,832 | 9,731,485 | ||
International Business | CCU Argentina S.A. and subsidiaries | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | [2] | 36,807,884 | 3,735,289 | |
International Business | Marzurel S.A., Coralina S.A. and Milotur S.A. | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 2,651,576 | 2,639,301 | ||
International Business | Bebidas del Paraguay S.A. y Distribuidora del Paraguay S.A. | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 3,558,832 | 3,356,895 | ||
International Business | Bebidas Bolivianas BBO S.A. [Member] | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | [3] | 6,363,540 | 0 | |
Wines | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | 19,824,725 | 19,781,051 | ||
Wines | Vina San Pedro Tarapaca S.A. | ||||
Disclosure Of Intangible Assets Other Than Goodwill [Line Items] | ||||
Intangible assets other than goodwill | $ 19,824,725 | $ 19,781,051 | ||
[1] | See Note 15 – Business combinations, letter b). | |||
[2] | See Note 1 – General Information, letter C). | |||
[3] | See Note 15 – Business combinations, letter a). |
Goodwill (Details)
Goodwill (Details) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | ||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | $ 123,044,901 | $ 94,617,474 | $ 96,926,551 | |
Additions for business combination | 10,832,577 | |||
Other increases (decreases) | [1] | 21,881,066 | ||
Conversion effect | (4,286,216) | (2,309,077) | ||
Changes | 28,427,427 | (2,309,077) | ||
Gross carrying amount [member] | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | $ 123,044,901 | $ 94,617,474 | $ 96,926,551 | |
[1] | Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b). |
Goodwill (Details 1)
Goodwill (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | |
Intangible assets and goodwill [Line Items] | ||||
Goodwill | $ 123,044,901 | $ 94,617,474 | $ 96,926,551 | |
International Business | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 46,218,590 | 18,208,406 | ||
Wines | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 32,416,144 | 32,416,144 | ||
Chile | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 44,410,167 | 43,992,924 | ||
Embotelladoras Chilenas Unidas S.A. | Chile | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 25,257,686 | 25,257,686 | ||
Manantial S.A. | Chile | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 8,879,245 | 8,879,245 | ||
Compañía Pisquera de Chile S.A. | Chile | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 9,808,550 | 9,808,550 | ||
Los Huemules S.R.L. | Chile | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 8,679 | 47,443 | ||
CCU Argentina S.A. and subsidiaries | International Business | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 24,863,266 | 5,355,254 | ||
Marzurel S.A., Coralina S.A. and Milotur S.A. | International Business | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 4,839,916 | 6,956,760 | ||
Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A | International Business | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 5,236,732 | 5,896,392 | ||
Vina San Pedro Tarapaca S.A. | Wines | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | 32,416,144 | 32,416,144 | ||
Cervecera Kunstmann SA [Member] | Chile | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | [1] | 456,007 | 0 | |
Bebidas Bolivianas BBO S.A. [Member] | International Business | ||||
Intangible assets and goodwill [Line Items] | ||||
Goodwill | [2] | $ 11,278,676 | $ 0 | |
[1] | See Note 15 – Business combinations, letter b). | |||
[2] | See Note 15 – Business combinations, letter a). |
Goodwill (Details Textual)
Goodwill (Details Textual) | 12 Months Ended |
Dec. 31, 2018 | |
Intangible assets and goodwill [Line Items] | |
Growth rate used to extrapolate cash flow projections | 3.00% |
Explanation of period over which management has projected cash flows | 5-year |
Bottom of range [member] | |
Intangible assets and goodwill [Line Items] | |
Discount rate applied to cash flow projections | 8.99% |
Top of range [member] | |
Intangible assets and goodwill [Line Items] | |
Discount rate applied to cash flow projections | 13.28% |
Property, plant and equipment_2
Property, plant and equipment (Details) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | $ 917,913,428 | $ 904,104,722 | |
Additions | 123,230,196 | 118,850,131 | |
Additions of historic cost by business combination | 29,736,202 | ||
Additions of acumulated depreciation by business combination | (13,842,273) | ||
Transfers | 0 | 0 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 25,425,947 | 15,844,619 | |
Capitalized interests | 609,921 | 1,042,045 | |
Depreciation, property, plant and equipment | (90,200,510) | (89,224,517) | |
Others increase (decreased) | 84,859,965 | [1] | (329,937) |
Increase (decrease) through other changes, property, plant and equipment | 84,859,965 | [1] | (329,937) |
Changes | 103,353,203 | 13,808,706 | |
As of December | 1,021,266,631 | 917,913,428 | |
Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 1,627,357,020 | 1,592,320,380 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (49,449,703) | (29,900,847) | |
Write-downs (reversals of write-downs) of property, plant and equipment | (21,204,715) | (6,097,568) | |
Others increase (decreased) | (17,011,988) | (47,002,115) | |
Increase (decrease) through other changes, property, plant and equipment | (17,011,988) | (47,002,115) | |
As of December | 1,779,024,076 | 1,627,357,020 | |
Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (709,443,592) | (688,215,658) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 19,278,138 | 5,529,980 | |
Others increase (decreased) | 11,922,023 | 45,096,915 | |
Increase (decrease) through other changes, property, plant and equipment | 11,922,023 | 45,096,915 | |
As of December | (757,757,445) | (709,443,592) | |
Land, buildings and contruction | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 430,751,841 | 422,430,564 | |
Additions | 0 | 0 | |
Additions of historic cost by business combination | 12,734,666 | ||
Additions of acumulated depreciation by business combination | (762,783) | ||
Transfers | 39,838,515 | 29,368,004 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 707,133 | 609,002 | |
Capitalized interests | 0 | 0 | |
Depreciation, property, plant and equipment | (17,056,082) | (16,782,519) | |
Others increase (decreased) | 26,611,361 | [1] | (101,686) |
Increase (decrease) through other changes, property, plant and equipment | 26,611,361 | [1] | (101,686) |
Changes | 53,859,800 | 8,321,277 | |
As of December | 484,611,641 | 430,751,841 | |
Land, buildings and contruction | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 608,854,028 | 584,830,357 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (5,754,382) | (4,642,067) | |
Write-downs (reversals of write-downs) of property, plant and equipment | (72,907) | (144,577) | |
Others increase (decreased) | (2,476,636) | (434,512) | |
Increase (decrease) through other changes, property, plant and equipment | (2,476,636) | (434,512) | |
As of December | 679,853,030 | 608,854,028 | |
Land, buildings and contruction | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (178,102,187) | (162,399,793) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 5,707 | 122,890 | |
Others increase (decreased) | 85,208 | 326,742 | |
Increase (decrease) through other changes, property, plant and equipment | 85,208 | 326,742 | |
As of December | (195,241,389) | (178,102,187) | |
Machinery and equipment | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 205,529,895 | 194,156,914 | |
Additions | 0 | 0 | |
Additions of historic cost by business combination | 7,481,173 | ||
Additions of acumulated depreciation by business combination | (7,432,623) | ||
Transfers | 45,234,574 | 43,963,753 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 6,290,990 | 4,833,334 | |
Capitalized interests | 0 | 0 | |
Depreciation, property, plant and equipment | (27,288,968) | (28,140,337) | |
Others increase (decreased) | 31,138,091 | [1] | 1,048,526 |
Increase (decrease) through other changes, property, plant and equipment | 31,138,091 | [1] | 1,048,526 |
Changes | 39,915,262 | 11,372,981 | |
As of December | 245,445,157 | 205,529,895 | |
Machinery and equipment | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 485,770,049 | 453,735,402 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (14,801,093) | (10,260,721) | |
Write-downs (reversals of write-downs) of property, plant and equipment | (2,578,367) | (681,120) | |
Others increase (decreased) | (790,001) | (322,483) | |
Increase (decrease) through other changes, property, plant and equipment | (790,001) | (322,483) | |
As of December | 551,888,633 | 485,770,049 | |
Machinery and equipment | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (280,240,154) | (259,578,488) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 2,397,406 | 609,546 | |
Others increase (decreased) | 264,080 | 322,483 | |
Increase (decrease) through other changes, property, plant and equipment | 264,080 | 322,483 | |
As of December | (306,443,476) | (280,240,154) | |
Bottles and containers | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 72,792,316 | 80,476,665 | |
Additions | 0 | 0 | |
Additions of historic cost by business combination | 4,940,095 | ||
Additions of acumulated depreciation by business combination | (2,384,378) | ||
Transfers | 26,616,253 | 20,642,995 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 12,688,447 | 6,522,113 | |
Capitalized interests | 0 | 0 | |
Depreciation, property, plant and equipment | (23,911,356) | (23,072,705) | |
Others increase (decreased) | 19,091,618 | [1] | 18,981 |
Increase (decrease) through other changes, property, plant and equipment | 19,091,618 | [1] | 18,981 |
Changes | 14,372,490 | (7,684,349) | |
As of December | 87,164,806 | 72,792,316 | |
Bottles and containers | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 159,541,057 | 196,174,306 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (20,321,228) | (10,182,025) | |
Write-downs (reversals of write-downs) of property, plant and equipment | (3,449,791) | (2,192,467) | |
Others increase (decreased) | (5,687,343) | (45,081,934) | |
Increase (decrease) through other changes, property, plant and equipment | (5,687,343) | (45,081,934) | |
As of December | 180,757,354 | 159,541,057 | |
Bottles and containers | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (86,748,741) | (115,697,641) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 2,541,051 | 1,942,571 | |
Others increase (decreased) | 4,249,122 | 43,718,122 | |
Increase (decrease) through other changes, property, plant and equipment | 4,249,122 | 43,718,122 | |
As of December | (93,592,548) | (86,748,741) | |
Other Equipment | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 47,659,232 | 42,729,268 | |
Additions | 0 | 0 | |
Additions of historic cost by business combination | 3,656,444 | ||
Additions of acumulated depreciation by business combination | (2,509,968) | ||
Transfers | 16,798,523 | 18,784,331 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 5,358,799 | 3,733,259 | |
Capitalized interests | 0 | 0 | |
Depreciation, property, plant and equipment | (14,882,856) | (13,920,736) | |
Others increase (decreased) | 2,850,058 | [1] | 7,257 |
Increase (decrease) through other changes, property, plant and equipment | 2,850,058 | [1] | 7,257 |
Changes | 4,562,905 | 4,929,964 | |
As of December | 52,222,137 | 47,659,232 | |
Other Equipment | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 142,280,575 | 129,190,151 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (6,309,411) | (3,613,420) | |
Write-downs (reversals of write-downs) of property, plant and equipment | (13,306,471) | (2,301,087) | |
Others increase (decreased) | (2,573,198) | (27,295) | |
Increase (decrease) through other changes, property, plant and equipment | (2,573,198) | (27,295) | |
As of December | 143,550,263 | 142,280,575 | |
Other Equipment | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (94,621,343) | (86,460,883) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 13,063,328 | 2,241,388 | |
Others increase (decreased) | 2,417,657 | 26,267 | |
Increase (decrease) through other changes, property, plant and equipment | 2,417,657 | 26,267 | |
As of December | (91,328,126) | (94,621,343) | |
Assets under contruction | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 108,606,889 | 114,775,040 | |
Additions | 123,230,196 | 118,850,131 | |
Additions of historic cost by business combination | 99,432 | ||
Additions of acumulated depreciation by business combination | 0 | ||
Transfers | (137,622,837) | (124,150,216) | |
Increase (decrease) through net exchange differences, property, plant and equipment | 0 | 0 | |
Capitalized interests | 609,921 | 1,042,045 | |
Depreciation, property, plant and equipment | 0 | 0 | |
Others increase (decreased) | 4,240,542 | [1] | (1,189,435) |
Increase (decrease) through other changes, property, plant and equipment | 4,240,542 | [1] | (1,189,435) |
Changes | (11,178,682) | (6,168,151) | |
As of December | 97,428,207 | 108,606,889 | |
Assets under contruction | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 108,606,889 | 114,775,040 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (1,509,220) | (720,676) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 0 | 0 | |
Others increase (decreased) | (226,716) | 0 | |
Increase (decrease) through other changes, property, plant and equipment | (226,716) | 0 | |
As of December | 97,428,207 | 108,606,889 | |
Assets under contruction | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 0 | 0 | |
Write-downs (reversals of write-downs) of property, plant and equipment | 0 | 0 | |
Others increase (decreased) | 0 | 0 | |
Increase (decrease) through other changes, property, plant and equipment | 0 | 0 | |
As of December | 0 | 0 | |
Furniture, accesories and vehicles | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 25,289,521 | 21,486,882 | |
Additions | 0 | 0 | |
Additions of historic cost by business combination | 824,392 | ||
Additions of acumulated depreciation by business combination | (752,521) | ||
Transfers | 6,919,683 | 10,802,816 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 285,779 | 92,238 | |
Capitalized interests | 0 | 0 | |
Depreciation, property, plant and equipment | (6,023,071) | (6,262,416) | |
Others increase (decreased) | 297,792 | [1] | (35,064) |
Increase (decrease) through other changes, property, plant and equipment | 297,792 | [1] | (35,064) |
Changes | 350,968 | 3,802,639 | |
As of December | 25,640,489 | 25,289,521 | |
Furniture, accesories and vehicles | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 79,120,713 | 70,251,593 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (583,483) | (379,481) | |
Write-downs (reversals of write-downs) of property, plant and equipment | (1,797,179) | (778,317) | |
Others increase (decreased) | (4,051,693) | (614,206) | |
Increase (decrease) through other changes, property, plant and equipment | (4,051,693) | (614,206) | |
As of December | 80,841,052 | 79,120,713 | |
Furniture, accesories and vehicles | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (53,831,192) | (48,764,711) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 1,270,646 | 613,585 | |
Others increase (decreased) | 3,960,623 | 363,484 | |
Increase (decrease) through other changes, property, plant and equipment | 3,960,623 | 363,484 | |
As of December | (55,200,563) | (53,831,192) | |
Assets under finance lease | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 12,392,989 | 12,575,574 | |
Additions | 0 | 0 | |
Additions of historic cost by business combination | 0 | ||
Additions of acumulated depreciation by business combination | 0 | ||
Transfers | 0 | 0 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 2,406 | 519 | |
Capitalized interests | 0 | 0 | |
Depreciation, property, plant and equipment | (21,175) | (43,108) | |
Others increase (decreased) | (43,183) | [1] | (138,391) |
Increase (decrease) through other changes, property, plant and equipment | (43,183) | [1] | (138,391) |
Changes | (72,929) | (182,585) | |
As of December | 12,320,060 | 12,392,989 | |
Assets under finance lease | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 13,816,109 | 13,926,785 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (10,977) | (1,605) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 0 | 0 | |
Others increase (decreased) | 0 | 0 | |
Increase (decrease) through other changes, property, plant and equipment | 0 | 0 | |
As of December | 13,842,797 | 13,816,109 | |
Assets under finance lease | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (1,423,120) | (1,351,211) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 0 | 0 | |
Others increase (decreased) | 0 | 0 | |
Increase (decrease) through other changes, property, plant and equipment | 0 | 0 | |
As of December | (1,522,737) | (1,423,120) | |
Under production vines | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 14,890,745 | 15,473,815 | |
Additions | 0 | 0 | |
Additions of historic cost by business combination | 0 | ||
Additions of acumulated depreciation by business combination | 0 | ||
Transfers | 2,215,289 | 588,317 | |
Increase (decrease) through net exchange differences, property, plant and equipment | 92,393 | 54,154 | |
Capitalized interests | 0 | 0 | |
Depreciation, property, plant and equipment | (1,017,002) | (1,002,696) | |
Others increase (decreased) | 673,686 | [1] | 59,875 |
Increase (decrease) through other changes, property, plant and equipment | 673,686 | [1] | 59,875 |
Changes | 1,543,389 | (583,070) | |
As of December | 16,434,134 | 14,890,745 | |
Under production vines | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | 29,367,600 | 29,436,746 | |
Increase (decrease) through net exchange differences, property, plant and equipment | (159,909) | (100,852) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 0 | 0 | |
Others increase (decreased) | (1,206,401) | (521,685) | |
Increase (decrease) through other changes, property, plant and equipment | (1,206,401) | (521,685) | |
As of December | 30,862,740 | 29,367,600 | |
Under production vines | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
As of January | (14,476,855) | (13,962,931) | |
Write-downs (reversals of write-downs) of property, plant and equipment | 0 | 0 | |
Others increase (decreased) | 945,333 | 339,817 | |
Increase (decrease) through other changes, property, plant and equipment | 945,333 | 339,817 | |
As of December | $ (14,428,606) | $ (14,476,855) | |
[1] | Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b). |
Property, plant and equipment_3
Property, plant and equipment (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Total | $ 249,548,928 | $ 225,840,815 |
Land [Member] | ||
Total | $ 249,548,928 | $ 225,840,815 |
Property, plant and equipment_4
Property, plant and equipment (Details 2) - CLP ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Depreciation expense | $ 90,200,510 | $ 89,224,517 |
Recognized in net incomes [Member] | ||
Depreciation expense | 87,471,320 | 86,557,532 |
Recognized in others assets [Member] | ||
Depreciation expense | $ 2,729,190 | $ 2,666,985 |
Property, plant and equipment_5
Property, plant and equipment (Details 3) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Property, plant and equipment | $ 1,021,266,631 | $ 917,913,428 | $ 904,104,722 |
Land | |||
Property, plant and equipment | 3,266,096 | 3,215,075 | |
Buildings | |||
Property, plant and equipment | 8,985,051 | 9,101,182 | |
Machinery and equipment | |||
Property, plant and equipment | $ 68,913 | $ 76,732 |
Property, plant and equipment_6
Property, plant and equipment (Details Textual) $ in Thousands, lb in Millions | 12 Months Ended | |
Dec. 31, 2018CLP ($)alb | Dec. 31, 2017CLP ($)lb | |
Interest costs capitalised | $ | $ 609,921 | $ 1,042,045 |
Capitalisation rate of borrowing costs eligible for capitalisation | 3.71% | 4.25% |
Area of Land Held | 4,917 | |
Area of Land Held For Vines Production | 3,884 | |
Area Of Land Owned | 3,546 | |
Area Of Land Leased | 338 | |
Grape Production In Plant Vines | lb | 52.4 | (43.9) |
Investment Property (Details)
Investment Property (Details) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
As of January | $ 5,825,359 | $ 6,253,827 | |
Additions | 3,613 | 17,588 | |
Depreciation | (49,728) | (49,909) | |
Conversion effect (depreciation) | (699,114) | (436,040) | |
Conversion effect | 68,416 | 30,893 | |
Other increases (decreases) | [1] | 3,567,410 | |
Changes | 2,890,597 | (428,468) | |
As of December | 8,715,956 | 5,825,359 | |
Investment Property Land [Member] | |||
As of January | 4,458,835 | 4,729,639 | |
Additions | 0 | 0 | |
Depreciation | 0 | 0 | |
Conversion effect (depreciation) | (429,377) | (270,804) | |
Conversion effect | 0 | 0 | |
Other increases (decreases) | [1] | 2,695,795 | |
Changes | 2,266,418 | (270,804) | |
As of December | 6,725,253 | 4,458,835 | |
Investment Property Buildings [Member] | |||
As of January | 1,366,524 | 1,524,188 | |
Additions | 3,613 | 17,588 | |
Depreciation | (49,728) | (49,909) | |
Conversion effect (depreciation) | (269,737) | (165,236) | |
Conversion effect | 68,416 | 30,893 | |
Other increases (decreases) | [1] | 871,615 | |
Changes | 624,179 | (157,664) | |
As of December | 1,990,703 | 1,366,524 | |
Gross carrying amount [member] | |||
As of January | 6,590,662 | 7,009,114 | |
As of December | 9,462,571 | 6,590,662 | |
Gross carrying amount [member] | Investment Property Land [Member] | |||
As of January | 4,458,835 | 4,729,639 | |
As of December | 6,725,253 | 4,458,835 | |
Gross carrying amount [member] | Investment Property Buildings [Member] | |||
As of January | 2,131,827 | 2,279,475 | |
As of December | 2,737,318 | 2,131,827 | |
Accumulated depreciation and amortisation [member] | |||
As of January | (765,303) | (755,287) | |
As of December | (746,615) | (765,303) | |
Accumulated depreciation and amortisation [member] | Investment Property Land [Member] | |||
As of January | 0 | 0 | |
As of December | 0 | 0 | |
Accumulated depreciation and amortisation [member] | Investment Property Buildings [Member] | |||
As of January | (765,303) | (755,287) | |
As of December | $ (746,615) | $ (765,303) | |
[1] | Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b). |
Investment Property (Details Te
Investment Property (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Direct operating expense from investment property | $ 50,874 | $ 60,452 | $ 71,090 |
Investment property | $ 8,715,956 | 5,825,359 | 6,253,827 |
Investment Property Fair Value Percentage | 89.00% | ||
At fair value [member] | |||
Investment property | $ 13,332,435 | ||
CHILE | |||
Rental income from investment property | 158,235 | 193,839 | 251,545 |
ARGENTINA | |||
Rental income from investment property | $ 97,312 | $ 135,064 | $ 131,389 |
Other financial liabilities (De
Other financial liabilities (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of other financial liabilities [Line Items] | ||||
Other non-current financial liabilities | $ 228,185,297 | $ 161,001,732 | ||
Other current financial liabilities | 62,766,946 | 53,591,658 | [1] | |
Bank borrowings [Member] | ||||
Disclosure of other financial liabilities [Line Items] | ||||
Other non-current financial liabilities | [2] | 75,200,804 | 73,886,831 | |
Other current financial liabilities | [2] | 38,160,178 | 24,623,746 | |
Bonds payable [Member] | ||||
Disclosure of other financial liabilities [Line Items] | ||||
Other non-current financial liabilities | [2] | 135,281,303 | 69,476,612 | |
Other current financial liabilities | [2] | 4,081,175 | 3,306,135 | |
Financial leases obligations [Member] | ||||
Disclosure of other financial liabilities [Line Items] | ||||
Other non-current financial liabilities | [2] | 17,546,162 | 17,638,289 | |
Other current financial liabilities | [2] | 365,972 | 176,586 | |
Derivative financial instruments [Member] | ||||
Disclosure of other financial liabilities [Line Items] | ||||
Other non-current financial liabilities | [3] | 0 | 0 | |
Other current financial liabilities | [3] | 4,997,124 | 10,416,675 | |
Derivative hedge liabilities [Member] | ||||
Disclosure of other financial liabilities [Line Items] | ||||
Other non-current financial liabilities | [3] | 157,028 | 0 | |
Other current financial liabilities | [3] | 1,194,502 | 1,840,188 | |
Deposits for return of bottles and containers [Member] | ||||
Disclosure of other financial liabilities [Line Items] | ||||
Other non-current financial liabilities | 0 | 0 | ||
Other current financial liabilities | $ 13,967,995 | $ 13,228,328 | ||
[1] | See Note 21 - Other financial liabilities. | |||
[2] | See Note 5 – Risk administration. | |||
[3] | See Note 7 – Financial instruments. |
Other financial liabilities (_2
Other financial liabilities (Details 1) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | ||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 62,766,946 | $ 53,591,658 | [1] | ||
0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 11,197,060 | 16,761,881 | |||
Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 51,569,886 | 36,829,777 | |||
Bono Serie H Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | [2] | Chile | |||
Creditor country | [2] | Chile | |||
Currency | [2] | UF | |||
Interest Rate | [2] | 4.25% | |||
Bono Serie J Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Interest Rate | 2.90% | ||||
Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [3] | $ 38,160,178 | 24,623,746 | ||
Bank borrowings [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 3,878,856 | 4,891,137 | [4] | ||
Bank borrowings [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 34,281,322 | $ 19,732,609 | |||
Bank borrowings [Member] | Bank Borrowings One [Member] | Vina San Pedro Tarapaca S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,041,000-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | USD | ||||
Other current financial liabilities | $ 4,961,271 | ||||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 1.75% | ||||
Bank borrowings [Member] | Bank Borrowings One [Member] | Vina San Pedro Tarapaca S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings One [Member] | Vina San Pedro Tarapaca S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 4,961,271 | ||||
Bank borrowings [Member] | Bank Borrowings One [Member] | Cervecera Guayacan SpA. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 76,035,409-0 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 76,645,030-K | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 4,669 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.87% | ||||
Bank borrowings [Member] | Bank Borrowings One [Member] | Cervecera Guayacan SpA. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 3,578 | ||||
Bank borrowings [Member] | Bank Borrowings Two [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Lending party Tax ID | 97,030,000-7 | ||||
Bank borrowings [Member] | Bank Borrowings Two [Member] | Vina San Pedro Tarapaca S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,041,000-8 | 91,041,000-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | Chile | |||
Currency | UF | UF | |||
Other current financial liabilities | $ 10,535,493 | $ 58,809 | |||
Type of amortization | At maturity | ||||
Interest Rate | 2.70% | 2.70% | |||
Bank borrowings [Member] | Bank Borrowings Two [Member] | Vina San Pedro Tarapaca S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 58,809 | [4] | ||
Bank borrowings [Member] | Bank Borrowings Two [Member] | Vina San Pedro Tarapaca S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 10,535,493 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings Three [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Lending party Tax ID | 97,030,000-7 | ||||
Type of amortization | At maturity | ||||
Bank borrowings [Member] | Bank Borrowings Three [Member] | Vina San Pedro Tarapaca S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,041,000-8 | 91,041,000-8 | |||
Debtor country | Chile | Chile | [2] | ||
Lending party Tax ID | [2] | 97,018,000-1 | |||
Creditor country | Chile | Chile | [2] | ||
Currency | USD | USD | [2] | ||
Other current financial liabilities | $ 5,670,991 | $ 4,843,243 | [2] | ||
Type of amortization | [2] | At maturity | |||
Interest Rate | 2.90% | 2.42% | [2] | ||
Bank borrowings [Member] | Bank Borrowings Three [Member] | Vina San Pedro Tarapaca S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 4,238 | [4] | ||
Bank borrowings [Member] | Bank Borrowings Three [Member] | Vina San Pedro Tarapaca S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 5,670,991 | $ 4,839,005 | [2] | ||
Bank borrowings [Member] | Bank Borrowings Four [Member] | Vina San Pedro Tarapaca S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,041,000-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,018,000-1 | ||||
Creditor country | Chile | ||||
Currency | USD | ||||
Other current financial liabilities | $ 10,576,858 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 2.96% | ||||
Bank borrowings [Member] | Bank Borrowings Four [Member] | Vina San Pedro Tarapaca S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings Four [Member] | Vina San Pedro Tarapaca S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 10,576,858 | ||||
Bank borrowings [Member] | Bank Borrowings Four [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,413,000-1 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 324,308 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.56% | ||||
Bank borrowings [Member] | Bank Borrowings Four [Member] | Compania Cervecerias Unidas S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings Four [Member] | Compania Cervecerias Unidas S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 324,308 | ||||
Bank borrowings [Member] | Bank Borrowings Five [Member] | Vina San Pedro Tarapaca S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | [2] | 91,041,000-8 | |||
Debtor country | [2] | Chile | |||
Lending party Tax ID | [2] | 97,018,000-1 | |||
Creditor country | [2] | Chile | |||
Currency | [2] | USD | |||
Other current financial liabilities | [2] | $ 11,007 | |||
Type of amortization | [2] | At maturity | |||
Interest Rate | [2] | 3.38% | |||
Bank borrowings [Member] | Bank Borrowings Five [Member] | Vina San Pedro Tarapaca S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [2] | $ 11,007 | |||
Bank borrowings [Member] | Bank Borrowings Five [Member] | Vina San Pedro Tarapaca S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [2] | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings Five [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other current financial liabilities | $ 46,932 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.80% | ||||
Bank borrowings [Member] | Bank Borrowings Five [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 17,425 | |||
Bank borrowings [Member] | Bank Borrowings Five [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 29,507 | ||||
Bank borrowings [Member] | Bank Borrowings Six [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,413,000-1 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 309,108 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.56% | ||||
Bank borrowings [Member] | Bank Borrowings Six [Member] | Compania Cervecerias Unidas S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings Six [Member] | Compania Cervecerias Unidas S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 309,108 | ||||
Bank borrowings [Member] | Bank Borrowings Six [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other current financial liabilities | $ 40,660 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 5.48% | ||||
Bank borrowings [Member] | Bank Borrowings Six [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 9,956 | |||
Bank borrowings [Member] | Bank Borrowings Six [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 30,704 | ||||
Bank borrowings [Member] | Bank Borrowings Seven [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 54,000 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 6.00% | ||||
Bank borrowings [Member] | Bank Borrowings Seven [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 13,500 | |||
Bank borrowings [Member] | Bank Borrowings Seven [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 40,500 | ||||
Bank borrowings [Member] | Bank Borrowings Seven [Member] | Compañía Pisquera de Chile S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 99,586,280-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 326,560 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.68% | ||||
Bank borrowings [Member] | Bank Borrowings Seven [Member] | Compañía Pisquera de Chile S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 326,560 | ||||
Bank borrowings [Member] | Bank Borrowings Seven [Member] | Compañía Pisquera de Chile S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings Eight [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | UF | CLP | |||
Other current financial liabilities | $ 18,129 | $ 12,667 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.48% | 7.59% | |||
Bank borrowings [Member] | Bank Borrowings Eight [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 10,829 | $ 12,667 | [4] | ||
Bank borrowings [Member] | Bank Borrowings Eight [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 7,300 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings nine [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 54,000 | $ 61,170 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 6.00% | 5.88% | |||
Bank borrowings [Member] | Bank Borrowings nine [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 13,500 | $ 19,170 | [4] | ||
Bank borrowings [Member] | Bank Borrowings nine [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 40,500 | $ 42,000 | |||
Bank borrowings [Member] | Bank Borrowings Ten [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 37,534 | $ 90,000 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.88% | 5.76% | |||
Bank borrowings [Member] | Bank Borrowings Ten [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 18,868 | $ 22,500 | [4] | ||
Bank borrowings [Member] | Bank Borrowings Ten [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 18,666 | $ 67,500 | |||
Bank borrowings [Member] | Bank Borrowings eleven [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 90,000 | $ 37,500 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.76% | 5.40% | |||
Bank borrowings [Member] | Bank Borrowings eleven [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 22,500 | $ 37,500 | [4] | ||
Bank borrowings [Member] | Bank Borrowings eleven [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 67,500 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings twelve [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 76,645,030-K | 76,645,030-K | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 37,574 | $ 35,318 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 6.12% | 6.12% | |||
Bank borrowings [Member] | Bank Borrowings twelve [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 9,192 | $ 8,641 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twelve [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 28,382 | $ 26,677 | |||
Bank borrowings [Member] | Bank Borrowings thirteen [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 64,826 | ||||
Bank borrowings [Member] | Bank Borrowings thirteen [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,030,000-7 | 97,030,000-7 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 93,495 | $ 81,554 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.02% | 5.02% | |||
Bank borrowings [Member] | Bank Borrowings thirteen [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 28,669 | $ 20,028 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirteen [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 61,526 | ||||
Bank borrowings [Member] | Bank Borrowings fourteen [Member] | Manantial S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 66,666 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.44% | ||||
Bank borrowings [Member] | Bank Borrowings fourteen [Member] | Manantial S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 16,666 | ||||
Bank borrowings [Member] | Bank Borrowings fourteen [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 50,000 | ||||
Bank borrowings [Member] | Bank Borrowings fourteen [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 66,666 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.44% | ||||
Bank borrowings [Member] | Bank Borrowings fourteen [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 16,667 | |||
Bank borrowings [Member] | Bank Borrowings fourteen [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 49,999 | ||||
Bank borrowings [Member] | Bank Borrowings fifteen [Member] | Manantial S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 83,334 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.42% | ||||
Bank borrowings [Member] | Bank Borrowings fifteen [Member] | Manantial S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 20,833 | ||||
Bank borrowings [Member] | Bank Borrowings fifteen [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 62,501 | ||||
Bank borrowings [Member] | Bank Borrowings fifteen [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 83,334 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.42% | ||||
Bank borrowings [Member] | Bank Borrowings fifteen [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 20,834 | |||
Bank borrowings [Member] | Bank Borrowings fifteen [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 62,500 | ||||
Bank borrowings [Member] | Bank Borrowings sixteen [Member] | Manantial S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 297,505 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.92% | ||||
Bank borrowings [Member] | Bank Borrowings sixteen [Member] | Manantial S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 73,030 | ||||
Bank borrowings [Member] | Bank Borrowings sixteen [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 224,475 | ||||
Bank borrowings [Member] | Bank Borrowings sixteen [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 283,057 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.92% | ||||
Bank borrowings [Member] | Bank Borrowings sixteen [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 69,530 | |||
Bank borrowings [Member] | Bank Borrowings sixteen [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 213,527 | ||||
Bank borrowings [Member] | Bank Borrowings seventeen [Member] | Manantial S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 166,800 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.92% | ||||
Bank borrowings [Member] | Bank Borrowings seventeen [Member] | Manantial S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 41,700 | ||||
Bank borrowings [Member] | Bank Borrowings seventeen [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 125,100 | ||||
Bank borrowings [Member] | Bank Borrowings seventeen [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 166,800 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.92% | ||||
Bank borrowings [Member] | Bank Borrowings seventeen [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 41,700 | |||
Bank borrowings [Member] | Bank Borrowings seventeen [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 125,100 | ||||
Bank borrowings [Member] | Bank Borrowings eighteen [Member] | Manantial S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Lending party Tax ID | 76,645,030-K | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 130,427 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.73% | ||||
Bank borrowings [Member] | Bank Borrowings eighteen [Member] | Manantial S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 39,951 | ||||
Bank borrowings [Member] | Bank Borrowings eighteen [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 90,476 | ||||
Bank borrowings [Member] | Bank Borrowings eighteen [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 76,645,030-K | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 124,799 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.73% | ||||
Bank borrowings [Member] | Bank Borrowings eighteen [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 38,678 | |||
Bank borrowings [Member] | Bank Borrowings eighteen [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 86,121 | ||||
Bank borrowings [Member] | Bank Borrowings nineteen [Member] | Manantial S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Lending party Tax ID | 76,645,030-K | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 152,754 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.42% | ||||
Bank borrowings [Member] | Bank Borrowings nineteen [Member] | Manantial S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 37,588 | ||||
Bank borrowings [Member] | Bank Borrowings nineteen [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 115,166 | ||||
Bank borrowings [Member] | Bank Borrowings nineteen [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 76,645,030-K | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 146,093 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.42% | ||||
Bank borrowings [Member] | Bank Borrowings nineteen [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 35,966 | |||
Bank borrowings [Member] | Bank Borrowings nineteen [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 110,127 | ||||
Bank borrowings [Member] | Bank Borrowings twenty [Member] | Manantial S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 124,800 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 5.16% | ||||
Bank borrowings [Member] | Bank Borrowings twenty [Member] | Manantial S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 31,200 | ||||
Bank borrowings [Member] | Bank Borrowings twenty [Member] | Manantial S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 93,600 | ||||
Bank borrowings [Member] | Bank Borrowings twenty [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor country | Chile | ||||
Bank borrowings [Member] | Bank Borrowings twenty [Member] | Compañía Pisquera de Chile S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 99,586,280-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 326,560 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.68% | ||||
Bank borrowings [Member] | Bank Borrowings twenty [Member] | Compañía Pisquera de Chile S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 326,560 | |||
Bank borrowings [Member] | Bank Borrowings twenty [Member] | Compañía Pisquera de Chile S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings twenty one [Member] | Cerveceria Kunstmann S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | 96,981,310-6 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 45,100 | $ 2,021,408 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 4.92% | 5.35% | |||
Bank borrowings [Member] | Bank Borrowings twenty one [Member] | Cerveceria Kunstmann S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 45,100 | $ 0 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twenty one [Member] | Cerveceria Kunstmann S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 2,021,408 | |||
Bank borrowings [Member] | Bank Borrowings twenty two [Member] | Cerveceria Kunstmann S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | 96,981,310-6 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,018,000-1 | 97,018,000-1 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 2,016,815 | $ 16,600 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 3.98% | 4.50% | |||
Bank borrowings [Member] | Bank Borrowings twenty two [Member] | Cerveceria Kunstmann S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 16,600 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twenty two [Member] | Cerveceria Kunstmann S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 2,016,815 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings twenty three [Member] | Cerveceria Kunstmann S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | 96,981,310-6 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 6,536 | $ 6,708 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 4.56% | 4.68% | |||
Bank borrowings [Member] | Bank Borrowings twenty three [Member] | Cerveceria Kunstmann S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 6,536 | $ 6,708 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twenty three [Member] | Cerveceria Kunstmann S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings twenty four [Member] | Cerveceria Kunstmann S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | 96,981,310-6 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,030,000-7 | 97,030,000-7 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other current financial liabilities | $ 857,529 | $ 815,097 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.02% | 5.02% | |||
Bank borrowings [Member] | Bank Borrowings twenty four [Member] | Cerveceria Kunstmann S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 210,510 | $ 200,248 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twenty four [Member] | Cerveceria Kunstmann S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 647,019 | $ 614,849 | |||
Bank borrowings [Member] | Bank Borrowings twenty five [Member] | Cerveceria Kunstmann S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other current financial liabilities | $ 1,026,099 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 3.64% | ||||
Bank borrowings [Member] | Bank Borrowings twenty five [Member] | Cerveceria Kunstmann S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings twenty five [Member] | Cerveceria Kunstmann S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 1,026,099 | ||||
Bank borrowings [Member] | Bank Borrowings twenty five [Member] | Compania Industrial Cervecera S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 862,172 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 26.63% | ||||
Bank borrowings [Member] | Bank Borrowings twenty five [Member] | Compania Industrial Cervecera S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 300,889 | |||
Bank borrowings [Member] | Bank Borrowings twenty five [Member] | Compania Industrial Cervecera S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 561,283 | ||||
Bank borrowings [Member] | Bank Borrowings twenty six [Member] | Compania Industrial Cervecera S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | ARS | |||
Other current financial liabilities | $ 505,919 | $ 107,050 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 32.50% | 27.81% | |||
Bank borrowings [Member] | Bank Borrowings twenty six [Member] | Compania Industrial Cervecera S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 226,995 | $ 80,679 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twenty six [Member] | Compania Industrial Cervecera S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 278,924 | $ 26,371 | |||
Bank borrowings [Member] | Bank Borrowings twenty seven [Member] | Compania Industrial Cervecera S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | ARS | |||
Other current financial liabilities | $ 1,052,570 | $ 2,520,315 | |||
Type of amortization | Quarterly | Quarterly | |||
Interest Rate | 23.00% | 23.00% | |||
Bank borrowings [Member] | Bank Borrowings twenty seven [Member] | Compania Industrial Cervecera S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 506,614 | $ 925,670 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twenty seven [Member] | Compania Industrial Cervecera S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 545,956 | $ 1,594,645 | |||
Bank borrowings [Member] | Bank Borrowings twenty eight [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | USD | ||||
Other current financial liabilities | $ 210,829 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 6.00% | ||||
Bank borrowings [Member] | Bank Borrowings twenty eight [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings twenty eight [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 210,829 | ||||
Bank borrowings [Member] | Bank Borrowings twenty eight [Member] | Compania Industrial Cervecera S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 1,979,861 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 20.00% | ||||
Bank borrowings [Member] | Bank Borrowings twenty eight [Member] | Compania Industrial Cervecera S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 3,944 | |||
Bank borrowings [Member] | Bank Borrowings twenty eight [Member] | Compania Industrial Cervecera S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 1,975,917 | ||||
Bank borrowings [Member] | Bank Borrowings twenty nine [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | USD | USD | |||
Other current financial liabilities | $ 245,193 | $ 185,739 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 6.20% | 2.50% | |||
Bank borrowings [Member] | Bank Borrowings twenty nine [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 245,193 | $ 0 | [4] | ||
Bank borrowings [Member] | Bank Borrowings twenty nine [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 185,739 | |||
Bank borrowings [Member] | Bank Borrowings thirty [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | USD | USD | |||
Other current financial liabilities | $ 208,701 | $ 184,728 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 4.30% | 5.00% | |||
Bank borrowings [Member] | Bank Borrowings thirty [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 184,728 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 208,701 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings thirty one [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | USD | USD | |||
Other current financial liabilities | $ 210,949 | $ 185,339 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 5.25% | 2.70% | |||
Bank borrowings [Member] | Bank Borrowings thirty one [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 210,949 | $ 0 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty one [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 185,339 | |||
Bank borrowings [Member] | Bank Borrowings thirty two [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | USD | USD | |||
Other current financial liabilities | $ 210,101 | $ 184,652 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 6.50% | 2.50% | |||
Bank borrowings [Member] | Bank Borrowings thirty two [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 210,101 | $ 0 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty two [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 184,652 | |||
Bank borrowings [Member] | Bank Borrowings thirty three [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | USD | |||
Other current financial liabilities | $ 388,865 | $ 185,018 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 49.00% | 2.55% | |||
Bank borrowings [Member] | Bank Borrowings thirty three [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 388,865 | $ 185,018 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty three [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings thirty four [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | USD | |||
Other current financial liabilities | $ 643,278 | $ 215,408 | |||
Type of amortization | Quarterly | At maturity | |||
Interest Rate | 68.00% | 3.20% | |||
Bank borrowings [Member] | Bank Borrowings thirty four [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 0 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty four [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 643,278 | $ 215,408 | |||
Bank borrowings [Member] | Bank Borrowings thirty five [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | ARS | |||
Other current financial liabilities | $ 136,453 | $ 399,014 | |||
Type of amortization | Quarterly | At maturity | |||
Interest Rate | 68.00% | 31.77% | |||
Bank borrowings [Member] | Bank Borrowings thirty five [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 399,014 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty five [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 136,453 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings thirty six [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | ARS | |||
Other current financial liabilities | $ 116,959 | $ 292,589 | |||
Type of amortization | Quarterly | At maturity | |||
Interest Rate | 68.00% | 31.50% | |||
Bank borrowings [Member] | Bank Borrowings thirty six [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 292,589 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty six [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 116,959 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings thirty seven [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | ARS | |||
Other current financial liabilities | $ 38,986 | $ 250,005 | |||
Type of amortization | Quarterly | At maturity | |||
Interest Rate | 68.00% | 31.50% | |||
Bank borrowings [Member] | Bank Borrowings thirty seven [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 250,005 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty seven [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 38,986 | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings thirty eight [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | ARS | |||
Other current financial liabilities | $ 736,905 | $ 67,356 | |||
Type of amortization | At maturity | Quarterly | |||
Interest Rate | 64.00% | 25.50% | |||
Bank borrowings [Member] | Bank Borrowings thirty eight [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 736,905 | $ 0 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty eight [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 67,356 | |||
Bank borrowings [Member] | Bank Borrowings thirty nine [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | 0-E | |||
Debtor country | Argentina | Argentina | |||
Lending party Tax ID | 0-E | 0-E | |||
Creditor country | Argentina | Argentina | |||
Currency | ARS | ARS | |||
Other current financial liabilities | $ 238,536 | $ 674,403 | |||
Type of amortization | At maturity | Quarterly | |||
Interest Rate | 66.50% | 27.00% | |||
Bank borrowings [Member] | Bank Borrowings thirty nine [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 238,536 | $ 0 | [4] | ||
Bank borrowings [Member] | Bank Borrowings thirty nine [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | $ 674,403 | |||
Bank borrowings [Member] | Bank Borrowings fourty [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 66,398 | ||||
Type of amortization | Quarterly | ||||
Interest Rate | 26.00% | ||||
Bank borrowings [Member] | Bank Borrowings fourty [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 0 | |||
Bank borrowings [Member] | Bank Borrowings fourty [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 66,398 | ||||
Bank borrowings [Member] | Bank Borrowings fourty [Member] | Bebidas Bolivianas BBO S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Bolivia | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Bolivia | ||||
Currency | BOB | ||||
Other current financial liabilities | $ 38,735 | ||||
Type of amortization | Quarterly | ||||
Interest Rate | 5.00% | ||||
Bank borrowings [Member] | Bank Borrowings fourty [Member] | Bebidas Bolivianas BBO S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 38,735 | ||||
Bank borrowings [Member] | Bank Borrowings fourty [Member] | Bebidas Bolivianas BBO S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings fourty one [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 368,143 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 24.50% | ||||
Bank borrowings [Member] | Bank Borrowings fourty one [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 368,143 | |||
Bank borrowings [Member] | Bank Borrowings fourty one [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings fourty one [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Uruguay | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Uruguay | ||||
Currency | UI | ||||
Other current financial liabilities | $ 437,416 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.80% | ||||
Bank borrowings [Member] | Bank Borrowings fourty one [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 110,633 | ||||
Bank borrowings [Member] | Bank Borrowings fourty one [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 326,783 | ||||
Bank borrowings [Member] | Bank Borrowings fourty two [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 498,676 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 32.00% | ||||
Bank borrowings [Member] | Bank Borrowings fourty two [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 498,676 | |||
Bank borrowings [Member] | Bank Borrowings fourty two [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bank Borrowings fourty three [Member] | Milotur S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Uruguay | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Uruguay | ||||
Currency | UI | ||||
Other current financial liabilities | $ 692,326 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 6.00% | ||||
Bank borrowings [Member] | Bank Borrowings fourty three [Member] | Milotur S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 403,857 | |||
Bank borrowings [Member] | Bank Borrowings fourty three [Member] | Milotur S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 288,469 | ||||
Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [3] | 365,972 | 176,586 | ||
Financial leases obligations [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 90,516 | 50,763 | [4] | ||
Financial leases obligations [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 275,456 | $ 125,823 | |||
Financial leases obligations [Member] | Financial Lease Obligations One [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 3,188 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 17.00% | ||||
Financial leases obligations [Member] | Financial Lease Obligations One [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 797 | ||||
Financial leases obligations [Member] | Financial Lease Obligations One [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 2,391 | ||||
Financial leases obligations [Member] | Financial Lease Obligations One [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 99,012,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Interest Rate | 3.95% | ||||
Financial leases obligations [Member] | Financial Lease Obligations One [Member] | Cervecera Belga de la Patagonia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 76,077,848-6 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,015,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other current financial liabilities | $ 6,231 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 6.27% | ||||
Financial leases obligations [Member] | Financial Lease Obligations One [Member] | Cervecera Belga de la Patagonia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 6,231 | |||
Financial leases obligations [Member] | Financial Lease Obligations One [Member] | Cervecera Belga de la Patagonia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Financial leases obligations [Member] | Financial Lease Obligations Two [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Interest Rate | 17.00% | ||||
Financial leases obligations [Member] | Financial Lease Obligations Two [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | 90,413,000-1 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 99,012,000-5 | 99,012,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | UF | UF | |||
Other current financial liabilities | $ 355,055 | $ 62,267 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 3.95% | 7.07% | |||
Financial leases obligations [Member] | Financial Lease Obligations Two [Member] | Compania Cervecerias Unidas S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 87,629 | $ 14,986 | [4] | ||
Financial leases obligations [Member] | Financial Lease Obligations Two [Member] | Compania Cervecerias Unidas S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 267,426 | $ 47,281 | |||
Financial leases obligations [Member] | Financial Lease Obligations Three [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Interest Rate | 17.00% | ||||
Financial leases obligations [Member] | Financial Lease Obligations Three [Member] | Cerveceria Kunstmann S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other current financial liabilities | $ 100,373 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.33% | ||||
Financial leases obligations [Member] | Financial Lease Obligations Three [Member] | Cerveceria Kunstmann S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 26,989 | |||
Financial leases obligations [Member] | Financial Lease Obligations Three [Member] | Cerveceria Kunstmann S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 73,384 | ||||
Financial leases obligations [Member] | Financial Lease Obligations Three [Member] | Cervecera Belga de la Patagonia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 76,077,848-6 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,015,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other current financial liabilities | $ 7,729 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 6.27% | ||||
Financial leases obligations [Member] | Financial Lease Obligations Three [Member] | Cervecera Belga de la Patagonia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 2,090 | ||||
Financial leases obligations [Member] | Financial Lease Obligations Three [Member] | Cervecera Belga de la Patagonia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 5,639 | ||||
Financial leases obligations [Member] | Financial Lease Obligations Four [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 577 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 17.50% | ||||
Financial leases obligations [Member] | Financial Lease Obligations Four [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 577 | |||
Financial leases obligations [Member] | Financial Lease Obligations Four [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
Financial leases obligations [Member] | Financial Lease Obligations Five [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 825 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 17.50% | ||||
Financial leases obligations [Member] | Financial Lease Obligations Five [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 419 | |||
Financial leases obligations [Member] | Financial Lease Obligations Five [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 406 | ||||
Financial leases obligations [Member] | Financial Lease Obligations Six [Member] | Finca La Celia S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other current financial liabilities | $ 6,313 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 17.00% | ||||
Financial leases obligations [Member] | Financial Lease Obligations Six [Member] | Finca La Celia S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 1,561 | |||
Financial leases obligations [Member] | Financial Lease Obligations Six [Member] | Finca La Celia S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 4,752 | ||||
Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [3] | 4,081,175 | 3,306,135 | ||
Bonds payable [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | 1,594,998 | 688,827 | [4] | ||
Bonds payable [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 2,486,177 | $ 2,617,308 | |||
Bonds payable [Member] | Bono Serie E Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other current financial liabilities | $ 2,658,540 | ||||
Type of amortization | Semiannual | ||||
Interest Rate | 4.00% | ||||
Bonds payable [Member] | Bono Serie E Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [4] | $ 41,232 | |||
Bonds payable [Member] | Bono Serie E Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 2,617,308 | ||||
Bonds payable [Member] | Bono Serie H Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | [2] | 90,413,000-1 | ||
Debtor country | [2] | Chile | Chile | ||
Creditor country | [2] | Chile | Chile | ||
Currency | [2] | UF | UF | ||
Other current financial liabilities | [2] | $ 3,151,534 | $ 647,595 | ||
Type of amortization | [2] | Semiannual | Semiannual | ||
Interest Rate | [2] | 4.25% | 4.25% | ||
Bonds payable [Member] | Bono Serie H Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 665,357 | [2] | $ 647,595 | [4] | |
Bonds payable [Member] | Bono Serie H Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | [2] | $ 2,486,177 | $ 0 | ||
Bonds payable [Member] | Bono Serie J Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other current financial liabilities | $ 929,641 | ||||
Type of amortization | Semiannual | ||||
Interest Rate | 2.90% | ||||
Bonds payable [Member] | Bono Serie J Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | 0 to 3 months | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 929,641 | ||||
Bonds payable [Member] | Bono Serie J Bonds Payable [Member] | Compania Cervecerias Unidas S.A. [Member] | Later than three months and not later than one year [member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other current financial liabilities | $ 0 | ||||
[1] | See Note 21 - Other financial liabilities. | ||||
[2] | This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments). | ||||
[3] | See Note 5 – Risk administration. | ||||
[4] | See Note 5 – Risk administration non-discounted contractual cash flows. |
Other financial liabilities (_3
Other financial liabilities (Details 2) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | ||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 228,185,297 | $ 161,001,732 | |||
Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 9,976,415 | 30,868,247 | |||
Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 9,984,905 | [1] | 70,976,079 | ||
Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 134,846,954 | 59,157,406 | |||
Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | [2] | Chile | |||
Creditor country | [2] | Chile | |||
Currency | [2] | UF | |||
Other non-current financial liabilities | [2] | $ 52,480,401 | |||
Type of amortization | [2] | Semiannual | |||
Interest Rate | [2] | 4.25% | |||
Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [2] | $ 9,976,415 | |||
Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [2] | 9,984,905 | |||
Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [2] | $ 32,519,081 | |||
Compañía Cervecerías Unidas S.A. [Member] | Bono Serie J Bonds Payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other non-current financial liabilities | $ 82,800,902 | ||||
Type of amortization | Semiannual | ||||
Interest Rate | 2.90% | ||||
Compañía Cervecerías Unidas S.A. [Member] | Bono Serie J Bonds Payable [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | $ 0 | |||
Compañía Cervecerías Unidas S.A. [Member] | Bono Serie J Bonds Payable [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 82,800,902 | ||||
Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [3] | 75,200,804 | 73,886,831 | ||
Bank borrowings [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 14,087,671 | 18,136,349 | |||
Bank borrowings [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 57,581,469 | [1] | 55,750,482 | [4] | |
Bank borrowings [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 3,531,664 | $ 0 | |||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty four [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,041,000-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other non-current financial liabilities | $ 10,183,293 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 2.70% | ||||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty four [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 10,183,293 | ||||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty four [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 0 | |||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty four [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty five [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,041,000-8 | ||||
Debtor country | [2] | Chile | |||
Lending party Tax ID | [2] | 97,018,000-1 | |||
Creditor country | [2] | Chile | |||
Currency | [2] | USD | |||
Other non-current financial liabilities | [2] | $ 8,059,332 | |||
Type of amortization | [2] | At maturity | |||
Interest Rate | [2] | 3.38% | |||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty five [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [2] | $ 8,059,332 | |||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty five [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1],[2] | 0 | |||
Bank borrowings [Member] | Vina San Pedro Tarapaca S.A [Member] | Bank Borrowings Fourty five [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [2] | $ 0 | |||
Bank borrowings [Member] | Compania Industrials Cervecera SA [Member] | Bank Borrowings Sixty two [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other non-current financial liabilities | $ 748,377 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 26.63% | ||||
Bank borrowings [Member] | Compania Industrials Cervecera SA [Member] | Bank Borrowings Sixty three [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other non-current financial liabilities | $ 1,854,238 | ||||
Type of amortization | Quarterly | ||||
Interest Rate | 23.00% | ||||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Fourty seven [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 99,586,280-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other non-current financial liabilities | $ 16,000,000 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.68% | ||||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Fourty seven [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Fourty seven [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | 16,000,000 | |||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Fourty seven [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Sixty one [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 99,586,280-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other non-current financial liabilities | $ 16,000,000 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.68% | ||||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Sixty one [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Sixty one [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 16,000,000 | |||
Bank borrowings [Member] | Compañía Pisquera de Chile S.A. [Member] | Bank Borrowings Sixty one [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty six [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other non-current financial liabilities | $ 17,624 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 5.48% | ||||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty six [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 17,624 | ||||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty six [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty six [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty seven [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,004,000-5 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other non-current financial liabilities | $ 72,000 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 6.00% | ||||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty seven [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 72,000 | ||||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty seven [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty seven [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty eight [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 18,000 | $ 32,667 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 6.00% | 5.88% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty eight [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 18,000 | $ 32,667 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty eight [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty eight [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty nine [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 22,500 | $ 112,500 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.76% | 5.76% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty nine [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 22,500 | $ 112,500 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty nine [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fourty nine [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 76,645,030-K | 76,645,030-K | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 13,048 | $ 50,621 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 6.12% | 6.12% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 13,048 | $ 50,621 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty one [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,030,000-7 | 97,030,000-7 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 52,210 | $ 138,116 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.02% | 5.02% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty one [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 52,210 | $ 138,116 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty one [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty one [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty two [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 27,780 | $ 94,445 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 4.44% | 4.44% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty two [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 27,780 | $ 94,445 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty two [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty two [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty three [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 48,610 | $ 131,944 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 4.42% | 4.42% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty three [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 48,610 | $ 131,944 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty three [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty three [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty four [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,030,000-7 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 41,300 | $ 297,505 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 4.92% | 4.92% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty four [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 41,300 | $ 297,505 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty four [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty four [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty five [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 76,645,030-K | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 51,671 | $ 208,100 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 4.73% | 4.92% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty five [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 51,671 | $ 208,100 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty five [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty five [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty six [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 76,645,030-K | 76,645,030-K | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 92,344 | $ 171,638 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 4.42% | 4.73% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty six [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 92,344 | $ 171,638 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty six [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty six [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty seven [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,711,590-8 | 96,711,590-8 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 76,645,030-K | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 114,800 | $ 245,098 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.16% | 4.42% | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty seven [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 114,800 | $ 245,098 | |||
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty seven [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Manantial S.A. [Member] | Bank Borrowings Fifty seven [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty eight [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | 96,981,310-6 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,018,000-1 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 2,000,000 | $ 2,000,000 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 4.92% | 4.50% | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty eight [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 2,000,000 | $ 2,000,000 | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty eight [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty eight [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty nine [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | 96,981,310-6 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,004,000-5 | 97,004,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 400,000 | $ 400,000 | |||
Type of amortization | At maturity | At maturity | |||
Interest Rate | 4.56% | 4.68% | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty nine [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 400,000 | $ 400,000 | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty nine [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Fifty nine [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Sixty [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | 96,981,310-6 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 97,030,000-7 | 97,030,000-7 | |||
Creditor country | Chile | Chile | |||
Currency | CLP | CLP | |||
Other non-current financial liabilities | $ 520,654 | $ 1,378,183 | |||
Type of amortization | Monthly | Monthly | |||
Interest Rate | 5.02% | 5.02% | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Sixty [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 520,654 | $ 1,378,183 | |||
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Sixty [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | [1] | 0 | [4] | |
Bank borrowings [Member] | Cerveceria Kunstmann S.A. [Member] | Bank Borrowings Sixty [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | $ 0 | |||
Bank borrowings [Member] | Milotur S.A. [Member] | Bank Borrowings Sixty two [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Uruguay | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Uruguay | ||||
Currency | UI | ||||
Other non-current financial liabilities | $ 871,421 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.80% | ||||
Bank borrowings [Member] | Milotur S.A. [Member] | Bank Borrowings Sixty two [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 871,421 | ||||
Bank borrowings [Member] | Milotur S.A. [Member] | Bank Borrowings Sixty two [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | 0 | |||
Bank borrowings [Member] | Milotur S.A. [Member] | Bank Borrowings Sixty two [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Cervecera Guayacán SpA. [Member] | Bank Borrowings Fourty four [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 76,035,409-0 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 76,645,030-K | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other non-current financial liabilities | $ 64,890 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 4.87% | ||||
Bank borrowings [Member] | Cervecera Guayacán SpA. [Member] | Bank Borrowings Fourty four [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 10,049 | ||||
Bank borrowings [Member] | Cervecera Guayacán SpA. [Member] | Bank Borrowings Fourty four [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | 11,077 | |||
Bank borrowings [Member] | Cervecera Guayacán SpA. [Member] | Bank Borrowings Fourty four [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 43,764 | ||||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty five [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,413,000-1 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other non-current financial liabilities | $ 39,750,482 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.56% | ||||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty five [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty five [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 39,750,482 | |||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty five [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 0 | ||||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty six [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 91,413,000-1 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | CLP | ||||
Other non-current financial liabilities | $ 39,826,440 | ||||
Type of amortization | At maturity | ||||
Interest Rate | 4.56% | ||||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty six [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty six [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | 39,826,440 | |||
Bank borrowings [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bank Borrowings Fourty six [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bank borrowings [Member] | Bebidas Bolivianas BBO S.A. [Member] | Bank Borrowings Sixty one [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Bolivia | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Bolivia | ||||
Currency | BOB | ||||
Other non-current financial liabilities | $ 6,975,804 | ||||
Type of amortization | Quarterly | ||||
Interest Rate | 5.00% | ||||
Bank borrowings [Member] | Bebidas Bolivianas BBO S.A. [Member] | Bank Borrowings Sixty one [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 1,743,952 | ||||
Bank borrowings [Member] | Bebidas Bolivianas BBO S.A. [Member] | Bank Borrowings Sixty one [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | 1,743,952 | |||
Bank borrowings [Member] | Bebidas Bolivianas BBO S.A. [Member] | Bank Borrowings Sixty one [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 3,487,900 | ||||
Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [3] | 17,546,162 | 17,638,289 | ||
Financial leases obligations [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 749,483 | 145,163 | |||
Financial leases obligations [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 801,372 | [1] | 163,339 | [4] | |
Financial leases obligations [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 15,995,307 | $ 17,329,787 | |||
Financial leases obligations [Member] | Cerveceria Kunstmann S.A. [Member] | Financial Lease Obligations Three [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 96,981,310-6 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,030,000-7 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Interest Rate | 4.33% | ||||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations One [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Interest Rate | 17.00% | ||||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Two [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other non-current financial liabilities | $ 1,727 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 17.00% | ||||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Two [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 1,727 | ||||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Two [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | 0 | |||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Two [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Three [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 0-E | ||||
Debtor country | Argentina | ||||
Lending party Tax ID | 0-E | ||||
Creditor country | Argentina | ||||
Currency | ARS | ||||
Other non-current financial liabilities | $ 8,792 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 17.00% | ||||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Three [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 8,792 | ||||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Three [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 0 | |||
Financial leases obligations [Member] | Finca La Celia S.A. [Member] | Financial Lease Obligations Three [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Financial leases obligations [Member] | Cervecera Belga de la Patagonia S.A. [Member] | Financial Lease Obligations One [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 76,077,848-6 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,015,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other non-current financial liabilities | $ 6,991 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 6.27% | ||||
Financial leases obligations [Member] | Cervecera Belga de la Patagonia S.A. [Member] | Financial Lease Obligations One [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Financial leases obligations [Member] | Cervecera Belga de la Patagonia S.A. [Member] | Financial Lease Obligations One [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 6,991 | |||
Financial leases obligations [Member] | Cervecera Belga de la Patagonia S.A. [Member] | Financial Lease Obligations One [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Financial leases obligations [Member] | Cervecera Belga de la Patagonia S.A. [Member] | Financial Lease Obligations Three [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 76,077,848-6 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 97,015,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Interest Rate | 6.27% | ||||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations One [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Lending party Tax ID | 99,012,000-5 | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other non-current financial liabilities | $ 17,544,435 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 3.95% | ||||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations One [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 747,756 | ||||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations One [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | 801,372 | |||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations One [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 15,995,307 | ||||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations Two [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | 90,413,000-1 | |||
Debtor country | Chile | Chile | |||
Lending party Tax ID | 99,012,000-5 | 99,012,000-5 | |||
Creditor country | Chile | Chile | |||
Currency | UF | UF | |||
Other non-current financial liabilities | $ 17,622,506 | ||||
Type of amortization | Monthly | ||||
Interest Rate | 3.95% | 7.07% | |||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations Two [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 136,371 | ||||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations Two [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [4] | 156,348 | |||
Financial leases obligations [Member] | Compañía Cervecerías Unidas S.A. [Member] | Financial Lease Obligations Two [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 17,329,787 | ||||
Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [3] | $ 135,281,303 | 69,476,612 | ||
Bonds payable [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 12,586,735 | ||||
Bonds payable [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 15,062,258 | ||||
Bonds payable [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | $ 41,827,619 | |||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 0 | ||||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie E Bonds Payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Other non-current financial liabilities | $ 16,047,099 | ||||
Type of amortization | Semiannual | ||||
Interest Rate | 4.00% | ||||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie E Bonds Payable [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | $ 5,327,846 | ||||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie E Bonds Payable [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | 5,359,626 | ||||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie E Bonds Payable [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1] | $ 5,359,627 | |||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | [2] | 90,413,000-1 | ||
Debtor country | [2] | Chile | Chile | ||
Creditor country | [2] | Chile | Chile | ||
Currency | [2] | UF | UF | ||
Other non-current financial liabilities | [2] | $ 53,429,513 | |||
Type of amortization | [2] | Semiannual | |||
Interest Rate | [2] | 4.25% | 4.25% | ||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | Over 1 year to 3 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [2] | $ 7,258,889 | |||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | Over 3 years to 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [2] | 9,702,632 | |||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie H Bonds Payable [Member] | Over 5 years | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other non-current financial liabilities | [1],[2] | $ 36,467,992 | |||
Bonds payable [Member] | Compañía Cervecerías Unidas S.A. [Member] | Bono Serie J Bonds Payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Debtor Tax ID | 90,413,000-1 | ||||
Debtor country | Chile | ||||
Creditor country | Chile | ||||
Currency | UF | ||||
Interest Rate | 2.90% | ||||
[1] | See Note 5 – Risk administration non-discounted contractual cash flows. | ||||
[2] | This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments). | ||||
[3] | See Note 5 – Risk administration. | ||||
[4] | See Note 5 non-discounted contractual cash flows. |
Other financial liabilities (_4
Other financial liabilities (Details 3) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | $ 386,347,952 | $ 263,261,589 | $ 160,489,567 |
Fixed Interest Rate | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 262,059,336 | 182,547,357 | |
Fixed Interest Rate | US Dollar | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 17,333,622 | 6,102,155 | |
Fixed Interest Rate | Chilean Pesos | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 65,221,552 | 65,836,938 | |
Fixed Interest Rate | Unidades de Fomento | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 167,823,319 | 100,928,433 | |
Fixed Interest Rate | Argentinean Pesos | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 3,357,467 | 8,987,505 | |
Fixed Interest Rate | UI [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 1,308,837 | 692,326 | |
Variable Interest Rate | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 8,576,258 | 6,560,842 | |
Variable Interest Rate | US Dollar | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 8,070,339 | 4,843,243 | |
Variable Interest Rate | Chilean Pesos | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 0 | 0 | |
Variable Interest Rate | Unidades de Fomento | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 0 | 0 | |
Variable Interest Rate | Argentinean Pesos | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | 505,919 | 1,717,599 | |
Variable Interest Rate | UI [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Financial liabilities | $ 0 | $ 0 |
Other financial liabilities (_5
Other financial liabilities (Details 4) - Finca La Celia S.A. [Member] - Contract Date 06-07-2017 [Member] $ in Thousands | 12 Months Ended |
Dec. 31, 2018ARS ($)Number | |
Disclosure of other financial liabilities [Line Items] | |
Type | Automotor |
Institution | Banco Supervielle - Argentina |
Currency type or reset unit | ARS |
Contract | $ 9,963 |
Purchase option (UF) | $ 398 |
Number of quotas | Number | 36 |
Annual Interest (%) | 17.00% |
Other financial liabilities (_6
Other financial liabilities (Details 5) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | $ 379,666,981 | $ 251,003,705 | |
Financial libilities measured at amortized cost [member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 284,603,589 | 202,336,527 |
Financial leases obligations [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 27,867,180 | 34,137,657 | |
Financial leases obligations [Member] | Financial libilities measured at amortized cost [member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 17,912,134 | 17,814,875 |
Financial leases obligations [Member] | Interest | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 9,955,046 | ||
0 to 3 months | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 6,763,027 | 6,641,365 | |
0 to 3 months | Financial leases obligations [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 241,724 | 354,543 | |
0 to 3 months | Financial leases obligations [Member] | Financial libilities measured at amortized cost [member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 90,516 | ||
0 to 3 months | Financial leases obligations [Member] | Interest | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 151,208 | ||
3 months to 1 year | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 57,566,454 | 41,657,866 | |
3 months to 1 year | Financial leases obligations [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 725,183 | 1,034,396 | |
3 months to 1 year | Financial leases obligations [Member] | Financial libilities measured at amortized cost [member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 275,456 | ||
3 months to 1 year | Financial leases obligations [Member] | Interest | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 449,727 | ||
Over 1 year to 3 years | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 41,383,084 | 44,489,388 | |
Over 1 year to 3 years | Financial leases obligations [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 1,911,683 | 2,552,580 | |
Over 1 year to 3 years | Financial leases obligations [Member] | Financial libilities measured at amortized cost [member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 749,483 | ||
Over 1 year to 3 years | Financial leases obligations [Member] | Interest | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 1,162,200 | ||
Over 3 years to 5 years | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 79,802,868 | 82,255,093 | |
Over 3 years to 5 years | Financial leases obligations [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 1,909,956 | 2,551,761 | |
Over 3 years to 5 years | Financial leases obligations [Member] | Financial libilities measured at amortized cost [member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 801,372 | ||
Over 3 years to 5 years | Financial leases obligations [Member] | Interest | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 1,108,584 | ||
Over 5 years | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 194,151,548 | 75,959,993 | |
Over 5 years | Financial leases obligations [Member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 23,078,634 | $ 27,644,377 | |
Over 5 years | Financial leases obligations [Member] | Financial libilities measured at amortized cost [member] | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 15,995,307 | ||
Over 5 years | Financial leases obligations [Member] | Interest | |||
Disclosure of other financial liabilities [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | $ 7,083,327 | ||
[1] | View current and non-current book value in Note 7 – Financial Instruments. |
Other financial liabilities (_7
Other financial liabilities (Details 6) - CLP ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | $ 263,261,589 | $ 160,489,567 | |||
Acquisitions | 184,007,587 | 57,777,169 | $ 23,149,709 | ||
Accrual of interest | 12,309,286 | 11,561,405 | 13,134,962 | ||
Change in foreing currency and unit per adjustment | 1,799,607 | (3,363,242) | (2,744,621) | ||
Others | 7,396,030 | 17,821 | 0 | ||
Financial liabilities | 386,347,952 | 263,261,589 | 160,489,567 | ||
Other financial liabilities | 349,083,644 | [1] | 236,421,786 | [1] | 168,118,198 |
Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other financial liabilities | 113,360,982 | 98,510,577 | |||
Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Other financial liabilities | 17,912,134 | 17,814,875 | |||
Current financial liabilities [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 28,106,467 | 42,545,534 | 31,191,653 | ||
Acquisitions | 92,806,210 | 16,927,169 | 19,345,325 | ||
Accrual of interest | 12,309,286 | 11,868,152 | 13,076,743 | ||
Change in foreing currency and unit per adjustment | (2,069,090) | (3,381,908) | (2,623,130) | ||
Others | 18,816,777 | (6,000,066) | 19,614,901 | ||
Financial liabilities | 42,607,325 | 28,106,467 | 42,545,534 | ||
Current financial liabilities [Member] | Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 24,623,746 | 39,079,561 | 27,714,998 | ||
Acquisitions | 92,806,210 | 16,927,169 | 19,345,325 | ||
Accrual of interest | 7,751,402 | 7,492,719 | 8,655,483 | ||
Change in foreing currency and unit per adjustment | (2,102,985) | (3,435,455) | (2,648,436) | ||
Others | 15,722,734 | (6,052,791) | 19,448,135 | ||
Financial liabilities | 38,160,178 | 24,623,746 | 39,079,561 | ||
Current financial liabilities [Member] | Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 3,306,135 | 3,250,023 | 3,155,239 | ||
Acquisitions | 0 | 0 | 0 | ||
Accrual of interest | 3,882,088 | 3,166,139 | 3,216,241 | ||
Change in foreing currency and unit per adjustment | 90,527 | 52,599 | 15,879 | ||
Others | 2,450,852 | (111,357) | (44,173) | ||
Financial liabilities | 4,081,175 | 3,306,135 | 3,250,023 | ||
Current financial liabilities [Member] | Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 176,586 | 215,950 | 321,416 | ||
Acquisitions | 0 | 0 | 0 | ||
Accrual of interest | 675,796 | 1,209,294 | 1,205,019 | ||
Change in foreing currency and unit per adjustment | (56,632) | 948 | 9,427 | ||
Others | 643,191 | 164,082 | 210,939 | ||
Financial liabilities | 365,972 | 176,586 | 215,950 | ||
Non current financial liabilities [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 161,001,732 | 117,944,033 | 136,926,545 | ||
Acquisitions | 91,201,377 | 40,850,000 | 3,804,384 | ||
Accrual of interest | 0 | (306,747) | 58,219 | ||
Change in foreing currency and unit per adjustment | 3,868,697 | 18,666 | (121,491) | ||
Others | (11,420,747) | 6,017,887 | (19,614,901) | ||
Financial liabilities | 228,028,269 | 161,001,732 | 117,944,033 | ||
Non current financial liabilities [Member] | Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 73,886,831 | 29,606,398 | 48,335,093 | ||
Acquisitions | 8,703,343 | 40,850,000 | 3,804,384 | ||
Accrual of interest | 0 | (306,747) | 58,219 | ||
Change in foreing currency and unit per adjustment | 396,858 | (1,470,924) | (2,649,982) | ||
Others | (7,578,514) | 6,052,791 | (19,448,135) | ||
Financial liabilities | 75,200,804 | 73,886,831 | 29,606,398 | ||
Non current financial liabilities [Member] | Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 69,476,612 | 70,836,716 | 71,352,994 | ||
Acquisitions | 82,498,034 | 0 | 0 | ||
Accrual of interest | 0 | 0 | 0 | ||
Change in foreing currency and unit per adjustment | 2,914,363 | 1,196,997 | 2,055,091 | ||
Others | (3,199,042) | 111,357 | 44,173 | ||
Financial liabilities | 135,281,303 | 69,476,612 | 70,836,716 | ||
Non current financial liabilities [Member] | Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Financial liabilities | 17,638,289 | 17,500,919 | 17,238,458 | ||
Acquisitions | 0 | 0 | 0 | ||
Accrual of interest | 0 | 0 | 0 | ||
Change in foreing currency and unit per adjustment | 557,476 | 292,593 | 473,400 | ||
Others | (643,191) | (146,261) | (210,939) | ||
Financial liabilities | 17,546,162 | 17,638,289 | 17,500,919 | ||
Interest Payment [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (10,242,360) | (10,206,075) | (11,727,164) | ||
Interest Payment [Member] | Current financial liabilities [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (10,242,360) | (10,206,075) | (11,727,164) | ||
Interest Payment [Member] | Current financial liabilities [Member] | Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (7,329,217) | (7,146,384) | (8,634,001) | ||
Interest Payment [Member] | Current financial liabilities [Member] | Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (2,911,224) | (3,051,269) | (3,093,163) | ||
Interest Payment [Member] | Current financial liabilities [Member] | Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (1,919) | (8,422) | 0 | ||
Interest Payment [Member] | Non current financial liabilities [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | 0 | 0 | 0 | ||
Interest Payment [Member] | Non current financial liabilities [Member] | Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | 0 | 0 | 0 | ||
Interest Payment [Member] | Non current financial liabilities [Member] | Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | 0 | 0 | 0 | ||
Interest Payment [Member] | Non current financial liabilities [Member] | Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | 0 | 0 | 0 | ||
Principal Payment [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (113,742,755) | (27,168,446) | (29,441,517) | ||
Principal Payment [Member] | Current financial liabilities [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (97,119,965) | (23,646,339) | (26,332,794) | ||
Principal Payment [Member] | Current financial liabilities [Member] | Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (93,311,712) | (22,241,073) | (24,801,943) | ||
Principal Payment [Member] | Current financial liabilities [Member] | Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (2,737,203) | 0 | 0 | ||
Principal Payment [Member] | Current financial liabilities [Member] | Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (1,071,050) | (1,405,266) | (1,530,851) | ||
Principal Payment [Member] | Non current financial liabilities [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (16,622,790) | (3,522,107) | (3,108,723) | ||
Principal Payment [Member] | Non current financial liabilities [Member] | Bank borrowings [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (207,714) | (844,687) | (493,181) | ||
Principal Payment [Member] | Non current financial liabilities [Member] | Bonds payable [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | (16,408,664) | (2,668,458) | (2,615,542) | ||
Principal Payment [Member] | Non current financial liabilities [Member] | Financial leases obligations [Member] | |||||
Disclosure of other financial liabilities [Line Items] | |||||
Increase (decrease) through financing cash flows, liabilities arising from financing activities | $ (6,412) | $ (8,962) | $ 0 | ||
[1] | See Note 21 - Other financial liabilities. |
Other financial liabilities (_8
Other financial liabilities (Details Textual) | May 14, 2018CLP ($) | Jul. 27, 2017 | Apr. 13, 2017CLP ($) | Jul. 07, 2016CLP ($) | Jul. 15, 2015CLP ($) | Oct. 15, 2014EUR (€) | Sep. 04, 2014USD ($) | Apr. 25, 2013CLP ($) | Jul. 27, 2012CLP ($) | Apr. 25, 2012CLP ($) | Jul. 11, 2011USD ($) | Jul. 07, 2011USD ($) | Jun. 22, 2018CLP ($) | Jun. 18, 2018USD ($) | May 17, 2018CLP ($) | Apr. 26, 2018CLP ($) | Apr. 23, 2018USD ($) | Apr. 17, 2018CLP ($) | Feb. 28, 2018CLF ( ) | Jan. 29, 2018CLP ($) | Dec. 18, 2017CLP ($) | Jun. 26, 2017CLP ($) | May 26, 2017USD ($) | Sep. 15, 2016USD ($) | Aug. 25, 2016CLP ($) | May 26, 2016CLP ($) | Apr. 20, 2016CLP ($) | Jun. 17, 2015USD ($) | Apr. 24, 2015CLP ($) | Apr. 20, 2015USD ($) | Apr. 24, 2014CLP ($) | Mar. 23, 2009CLP ($) | Oct. 18, 2004CLP ($) | Dec. 31, 2018CLP ($) | Jul. 03, 2018CLP ($) | Jul. 03, 2017USD ($) | Dec. 28, 2012USD ($) | Dec. 31, 2004CLP ($) | Dec. 31, 2018CLF ( ) | Oct. 08, 2018CLP ($) | Oct. 08, 2018CLF ( ) | Jul. 03, 2018USD ($) | Jul. 14, 2017 | Jun. 28, 2013USD ($) | Jun. 28, 2007CLF ( ) | Oct. 18, 2004CLF ( ) |
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 6,860,000 | $ 68,877,500 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | maturing on December 1, 2024 | |||||||||||||||||||||||||||||||||||||||||||||
Financial Ratios Compliance Description | - Maintain a Financial Expense Coverage not less than 3, calculated as the relationship between Gross Margin less Marketing costs, Distribution and Administration expenses, plus Other income by function, less Other expenses by function, plus Depreciation and Amortization, divided by Financial costs. - Maintain a debt ratio of no more than 3, measured as Total liabilities divided by Equity. - Maintain an Equity higher than UF 770,000. | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate basis | possible increase of 100 bps in variable interest rates | |||||||||||||||||||||||||||||||||||||||||||||
Borrowing costs incurred | $ 897,857,000 | |||||||||||||||||||||||||||||||||||||||||||||
Series E bonds [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 4.51% | 4.51% | ||||||||||||||||||||||||||||||||||||||||||||
Series H bonds [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 4.27% | 4.27% | ||||||||||||||||||||||||||||||||||||||||||||
Banco Mercantil Santa Cruz SA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 6,180,400 | $ 6,860,000 | ||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | maturing on May 9, 2019 | maturing on December 13, 2019 | maturing on December 13, 2018 | maturing on May 1, 2027 | ||||||||||||||||||||||||||||||||||||||||||
Series J Bonds [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 2.89% | 2.89% | ||||||||||||||||||||||||||||||||||||||||||||
Banco del Estado de Chile [Member] | Bottom of range [member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Non-current non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Compania Pisquera Chile S.A. [Member] | Banco del Estado de Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 16,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | loan was renewed for 5 years, with maturity on July 27, 2022 | period of 5 years, with maturity on July 27, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
Compania Pisquera Chile S.A. [Member] | Banco del Estado de Chile [Member] | Fixed interest rate [member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 4.68% | 6.86% | ||||||||||||||||||||||||||||||||||||||||||||
Compania Pisquera Chile S.A. [Member] | Banco del Estado de Chile [Member] | Effective Interest Rate [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 7.17% | |||||||||||||||||||||||||||||||||||||||||||||
Compania Industrial Cervecera S.A. [Member] | Syndicated Bank Loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 23.00% | |||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 183,330,000 | $ 150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | September 15, 2019 | April 20, 2018 | ||||||||||||||||||||||||||||||||||||||||||||
Compania Industrial Cervecera S.A. [Member] | BBVA Bank French S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | November 18, 2017 | |||||||||||||||||||||||||||||||||||||||||||||
Compania Industrial Cervecera S.A. [Member] | Banco de la Nacion Argentina [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 20.00% | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 60,000,000 | $ 24,000,000 | $ 140,000,000 | |||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | May 22, 2018 | April 4, 2018 | a period of 7 years, maturing on November 26, 2019 | |||||||||||||||||||||||||||||||||||||||||||
Loans received | $ 56,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate basis | floating rate BADLAR in pesos plus a fixed spread of 500 basis points | floating rate BADLAR in pesos plus a fixed spread of 400 basis points | ||||||||||||||||||||||||||||||||||||||||||||
Borrowings, adjustment to interest rate basis | 400.00% | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 18,043,633 | 659,199.6 | ||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Compania de Seguros de Vida Consorcio Nacional de Seguros S.A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 3.95% | |||||||||||||||||||||||||||||||||||||||||||||
Notional amount | | 608,375 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | maturity on February 5, 2048 | |||||||||||||||||||||||||||||||||||||||||||||
Gross finance lease obligations | | 688,635.63 | |||||||||||||||||||||||||||||||||||||||||||||
Gain loss on building portion not leased | $ 3,108,950,000 | |||||||||||||||||||||||||||||||||||||||||||||
Deferred liability on building portion not leased | $ 2,276,677 | |||||||||||||||||||||||||||||||||||||||||||||
Finance lease liabilities | $ 10,403,632,000 | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Compania de Seguros de Vida Consorcio Nacional de Seguros S.A [Member] | Lease liabilities [member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 7.07% | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Series E bonds [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 4.00% | |||||||||||||||||||||||||||||||||||||||||||||
Description of minimum equity requirement | Maintain at the end of each quarter a minimum equity of ThCh$ 312,516,750 | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Series H bonds [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Borrowings, interest rate | 4.25% | |||||||||||||||||||||||||||||||||||||||||||||
Description of finacial covenants | Not to make investments in facilities issued by related parties, except in the cases and under the terms established in the agreement. | |||||||||||||||||||||||||||||||||||||||||||||
Borrowing costs incurred | $ 156,952,000 | |||||||||||||||||||||||||||||||||||||||||||||
Description of production installed capacity in hectolitres for a year | Maintain a nominal installed capacity for the production manufacturing of beer and soft drinks, equal or higher altogether than 15.9 million hectolitres a year, except in the cases and under the terms of the contract. | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Series H bonds [Member] | Indebtedness ratio [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Financial Ratios Compliance Description | Maintain at the end of each quarter an indebtedness ratio measured over the consolidated financial statements not higher than 1.5, defined as the ratio of Total Adjusted Liabilities and Total Adjusted Equity. | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Scotiabank Azul Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 60,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | May 29, 2018 | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Banco del Estado de Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | April 13, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
Compania Cervecerias Unidas S.A. [Member] | Banco de la Nacion Argentina [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Loans received | $ 84,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Cerveceria Kunstmann S.A. [Member] | Scotiabank Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 638,674 | $ 2,000,000 | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | September 4, 2016 | April 20, 2017 | April 22, 2016 | |||||||||||||||||||||||||||||||||||||||||||
Cerveceria Kunstmann S.A. [Member] | Banco del Estado de Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 4,000,000 | $ 600,000,000 | $ 500,000,000 | $ 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | July 14, 2020 | April 25, 2014 | April 25, 2013 | April 17, 2019 | ||||||||||||||||||||||||||||||||||||||||||
Borrowings Renewal Description | It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016. | Subsequently this loan was renewed for one year, maturing on April 25, 2014. It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016. | ||||||||||||||||||||||||||||||||||||||||||||
Cerveceria Kunstmann S.A. [Member] | Banco de Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 400,000 | $ 2,000,000 | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | August 24, 2018 | April 20, 2018 | April 24, 2015 | |||||||||||||||||||||||||||||||||||||||||||
Vina San Pedro Tarapaca S.A [Member] | Scotiabank Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 11,600,000 | $ 7,871,500 | $ 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | June 18, 2021 | June 18, 2018 | July 3, 2019 | |||||||||||||||||||||||||||||||||||||||||||
Vina San Pedro Tarapaca S.A [Member] | Scotiabank Azul Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 4,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | December 3, 2018 | |||||||||||||||||||||||||||||||||||||||||||||
Vina San Pedro Tarapaca S.A [Member] | Banco del Estado de Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 380,000 | $ 3,500,000 | $ 8,000,000 | $ 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | October 15, 2019 | May 25, 2018 | April 23, 2019 | July 3, 2018 | ||||||||||||||||||||||||||||||||||||||||||
Vina San Pedro Tarapaca S.A [Member] | Banco de Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 7,271,000 | $ 4,436,100 | $ 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | July 3, 2017 | July 11, 2016 | July 7, 2016 | |||||||||||||||||||||||||||||||||||||||||||
Vina San Pedro Tarapaca S.A [Member] | Banco Consorcio [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | July 3, 2018 | |||||||||||||||||||||||||||||||||||||||||||||
CCU-Nestle Chile S.A. [Member] | Banco del Estado de Chile [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of other financial liabilities [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | $ 5,300,000 | |||||||||||||||||||||||||||||||||||||||||||||
Borrowings, maturity | November 22, 2016 |
Trade and other current payab_3
Trade and other current payables (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Trade and other current payables | $ 303,380,168 | $ 281,681,553 |
Trade and other non-current payables | 12,413 | 541,783 |
Trade Accounts Payable Witholdings | 52,071,225 | 52,643,786 |
Trade Accounts Payable Witholdings Non Current | 0 | 0 |
Suppliers [Member] | ||
Trade and other current payables | 247,335,760 | 224,330,195 |
Trade and other non-current payables | 0 | 0 |
Notes payable [Member] | ||
Trade and other current payables | 3,973,183 | 4,707,572 |
Trade and other non-current payables | 12,413 | 541,783 |
Trade an other current payables [Member] | ||
Trade and other current payables | 251,308,943 | 229,037,767 |
Trade and other non-current payables | 12,413 | 541,783 |
Withholdings payable [Member] | ||
Trade and other current payables | 52,071,225 | 52,643,786 |
Trade and other non-current payables | 0 | 0 |
Total trade and other current payables [Member] | ||
Trade and other current payables | 303,380,168 | 281,681,553 |
Trade and other non-current payables | $ 12,413 | $ 541,783 |
Other Provisions (Details)
Other Provisions (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Other current provisions | $ 405,069 | $ 349,775 |
Non-current provisions | 7,425,759 | 1,240,389 |
Litigation [member] | ||
Other current provisions | 405,069 | 349,775 |
Non-current provisions | 488,562 | 950,920 |
Others [member] | ||
Other current provisions | 0 | 0 |
Non-current provisions | $ 6,937,197 | $ 289,469 |
Other Provisions (Details 1)
Other Provisions (Details 1) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Other provisions | $ 1,590,164 | $ 1,732,684 | |
Incorporated | 7,291,382 | 1,042,891 | |
Used | (344,749) | (652,280) | |
Released | (114,252) | (223,540) | |
Conversion effect | (591,717) | (309,591) | |
Changes | 6,240,664 | (142,520) | |
Other provisions | 7,830,828 | 1,590,164 | |
Litigation [member] | |||
Other provisions | [1] | 1,300,695 | 1,248,243 |
Incorporated | [1] | 560,355 | 1,028,505 |
Used | [1] | (344,749) | (652,280) |
Released | [1] | (102,277) | (81,249) |
Conversion effect | [1] | (520,393) | (242,524) |
Changes | [1] | (407,064) | 52,452 |
Other provisions | [1] | 893,631 | 1,300,695 |
Others [member] | |||
Other provisions | 289,469 | 484,441 | |
Incorporated | 6,731,027 | 14,386 | |
Used | 0 | 0 | |
Released | (11,975) | (142,291) | |
Conversion effect | (71,324) | (67,067) | |
Changes | 6,647,728 | (194,972) | |
Other provisions | $ 6,937,197 | $ 289,469 | |
[1] | See Note 34 – Contingencies and commitments. |
Other Provisions (Details 2 )
Other Provisions (Details 2 ) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Other provisions | $ 7,830,828 | $ 1,590,164 | $ 1,732,684 | |
Not later than one year [member] | ||||
Other provisions | 405,069 | 349,775 | ||
Later than one year and not later than five years [member] | ||||
Other provisions | 7,251,981 | 735,410 | ||
Over 5 years | ||||
Other provisions | 173,778 | 504,979 | ||
Legal proceedings provision [member] | ||||
Other provisions | [1] | 893,631 | 1,300,695 | 1,248,243 |
Legal proceedings provision [member] | Not later than one year [member] | ||||
Other provisions | 405,069 | 349,775 | ||
Legal proceedings provision [member] | Later than one year and not later than five years [member] | ||||
Other provisions | 314,784 | 445,941 | ||
Legal proceedings provision [member] | Over 5 years | ||||
Other provisions | 173,778 | 504,979 | ||
Miscellaneous other provisions [member] | ||||
Other provisions | 6,937,197 | 289,469 | $ 484,441 | |
Miscellaneous other provisions [member] | Not later than one year [member] | ||||
Other provisions | 0 | 0 | ||
Miscellaneous other provisions [member] | Later than one year and not later than five years [member] | ||||
Other provisions | 6,937,197 | 289,469 | ||
Miscellaneous other provisions [member] | Over 5 years | ||||
Other provisions | $ 0 | $ 0 | ||
[1] | See Note 34 – Contingencies and commitments. |
Income taxes (Details)
Income taxes (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
IncomeTaxes [Line Items] | |||
Current tax assets, current | $ 17,302,429 | $ 28,027,878 | |
Refundable tax previous year | |||
IncomeTaxes [Line Items] | |||
Current tax assets, current | 11,884,421 | 9,640,567 | |
Taxes under claim [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax assets, current | [1] | 968,195 | 968,195 |
Argentinean tax credits [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax assets, current | 440,172 | 4,813,614 | |
Monthly provisions [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax assets, current | 3,686,905 | 12,537,248 | |
Payment of absorbed profit provision [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax assets, current | 0 | 24,104 | |
Other credits [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax assets, current | $ 322,736 | $ 44,150 | |
[1] | This item includes claims for refund of first category taxes (Provisional payment of absorved profit) for an amount of ThCh$ 968,195 that was presented in April 2014 from the commercial year 2013. |
Income taxes (Details 1)
Income taxes (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
IncomeTaxes [Line Items] | |||
Current tax assets, non-current | $ 1,270,941 | $ 1,316,300 | |
Taxes under claim [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax assets, non-current | [1] | 1,173,281 | 1,173,281 |
Others [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax assets, non-current | [2] | $ 97,660 | $ 143,019 |
[1] | This item includes claims for refund of first category taxes (Provisional payment of absorved profit) that was presented in April 2010 from the commercial year 2009. | ||
[2] | Corresponds to the minimum presumed income tax of Argentine subsidiaries, whose recovery period is estimated to be more than one year. |
Income taxes (Details 2)
Income taxes (Details 2) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 12, 2017 |
IncomeTaxes [Line Items] | |||
Current tax liabilities, current | $ 75,885,449 | $ 22,526,634 | |
Chilean income taxes | |||
IncomeTaxes [Line Items] | |||
Current tax liabilities, current | 71,587,790 | ||
Chilean income taxes | CHILE | |||
IncomeTaxes [Line Items] | |||
Current tax liabilities, current | 18,335,047 | ||
Monthly provisional payments | |||
IncomeTaxes [Line Items] | |||
Current tax liabilities, current | 3,946,196 | 3,970,511 | |
Chilean Unique Taxes [Member] | |||
IncomeTaxes [Line Items] | |||
Current tax liabilities, current | 101,474 | $ 105,903 | |
Others | |||
IncomeTaxes [Line Items] | |||
Current tax liabilities, current | $ 249,989 | $ 115,173 |
Income taxes (Details 3)
Income taxes (Details 3) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Taxes [Abstract] | |||
Income as per deferred tax related to the origin and reversal of temporary differences | $ 9,930,675 | $ (500,800) | $ (878,629) |
Prior year adjustments | 484,985 | 569,212 | 3,838,136 |
Effect of change in tax rates | 23,903 | (50,071) | (856,612) |
Tax benefits (loss) | (1,795,446) | 611,282 | (765,292) |
Total deferred tax expense | 8,644,117 | 629,623 | 1,337,603 |
Current tax expense | (144,929,220) | (47,841,130) | (31,285,976) |
Prior period adjustments | 158,286 | (1,154,469) | (298,010) |
Total expenses (income) for current taxes | (144,770,934) | (48,995,599) | (31,583,986) |
(Loss) Income from income tax | $ (136,126,817) | $ (48,365,976) | $ (30,246,383) |
Income taxes (Details 4)
Income taxes (Details 4) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Taxes [Abstract] | |||
Net income from cash flow hedge | $ 16,196 | $ (728) | $ 20,648 |
Actuarial gains and losses deriving from defined benefit plans | (339,533) | 47,228 | (659,198) |
Charge to equity | $ 323,337 | $ (46,500) | $ 638,550 |
Income taxes (Details 5)
Income taxes (Details 5) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
IncomeTaxes [Line Items] | ||||
Profit (loss) before tax | $ 458,211,348 | [1] | $ 196,474,395 | $ 170,328,270 |
Tax expense (income) at applicable tax rate | (123,717,064) | (50,100,971) | (40,878,785) | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | ||||
Other tax effects for reconciliation between accounting profit and tax expense (income) | (14,596,485) | 4,071,180 | 10,357,858 | |
Tax effect from change in tax rate | 23,903 | (50,071) | (856,612) | |
Tax effect of foreign tax rates | 1,519,558 | (1,700,857) | (1,308,482) | |
Tax effect of adjustments for tax of prior peiods | 643,271 | (585,257) | 2,439,638 | |
Tax expense (income), continuing operations | $ 136,126,817 | $ 48,365,976 | $ 30,246,383 | |
Applicable tax rate | 27.00% | 25.50% | 24.00% | |
Reconciliation of average effective tax rate and applicable tax rate [abstract] | ||||
Other tax rate effects for reconciliation between accounting profit and tax expense (income) | 3.19% | (2.07%) | (6.10%) | |
Tax rate effect from change in tax rate | (0.01%) | 0.03% | 0.50% | |
Tax rate effect of foreign tax rates | (0.33%) | 0.86% | 0.80% | |
Tax rate effect of adjustments for current tax of prior periods | (0.14%) | 0.30% | (1.40%) | |
Average effective tax rate | 29.71% | 24.62% | 17.80% | |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Income taxes (Details 6)
Income taxes (Details 6) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
IncomeTaxes [Line Items] | |||
Deferred tax assets | $ 37,691,088 | $ 40,351,329 | |
Deferred Tax Liabilities, Net | 108,500,171 | 94,350,111 | |
Deferred tax liability (asset) | (70,809,083) | (53,998,782) | $ (54,950,823) |
Accounts receivable impairment provision [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 1,406,961 | 1,136,789 | |
Other non-tax expenses [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 8,825,378 | 10,597,985 | |
Benefits to staff [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 3,468,874 | 3,328,263 | |
Inventory impairment provision [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 352,183 | 401,487 | |
Severance indemnity [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 6,829,816 | 6,133,014 | |
Inventory valuation [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 2,143,768 | 2,228,552 | |
Intangibles [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 241,802 | 229,725 | |
Deferred Tax Liabilities, Net | 16,614,440 | 11,736,406 | |
Other Assets [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 10,639,754 | 10,436,908 | |
Unused tax losses [member] | |||
IncomeTaxes [Line Items] | |||
Deferred tax assets | 3,782,552 | 5,858,606 | |
Property, plant and equipment depreciation [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred Tax Liabilities, Net | 51,471,109 | 45,380,381 | |
Agricultural operation expenses [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred Tax Liabilities, Net | 7,150,018 | 7,130,896 | |
Manufacturing indirect activation costs [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred Tax Liabilities, Net | 5,743,496 | 5,258,290 | |
Land [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred Tax Liabilities, Net | 25,408,185 | 23,313,756 | |
Other liabilitiess [Member] | |||
IncomeTaxes [Line Items] | |||
Deferred Tax Liabilities, Net | $ 2,112,923 | $ 1,530,382 |
Income Taxes (Details 7)
Income Taxes (Details 7) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
IncomeTaxes [Line Items] | |||
Deferred tax liability (asset) | $ (53,998,782) | $ (54,950,823) | |
Deferred taxes related to credited items (charged) directly to equity | [1] | (24,537,164) | |
Deferred taxes from tax loss carry forwards absortion | 8,644,117 | 629,623 | |
Conversion effect | (967,300) | 369,646 | |
Deferred taxes against equity | 339,533 | (47,228) | |
Other deferred movements taxes | (289,487) | ||
Changes | (16,810,301) | 952,041 | |
Deferred tax liability (asset) | $ (70,809,083) | $ (53,998,782) | |
[1] | Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See Note 4 - Accounting changes, letter b). |
Income taxes (Details textual)
Income taxes (Details textual) - CLP ($) $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
IncomeTaxes [Line Items] | ||||||||
Applicable tax rate | 27.00% | 25.50% | 24.00% | |||||
Description of expiry date of deductible temporary differences, unused tax losses and unused tax credits | In accordance with current tax laws in Chile, tax losses do not expire and can be applied indefinitely. Argentina, Uruguay and Paraguay tax losses expire after 5 years and Bolivia tax losses expire after 3 years​​​​​​​. | |||||||
Revaluation Of Assets Terms And Condition One | the remaining useful life of the assets to be re-evaluated can never be less than 5 years. | |||||||
Revaluation Of Assets Terms And Condition Two | In the case of sale in the first two years, the value of the revaluation to be considered is reduced by 60% (first year) or 30% (second year) | |||||||
Property, plant and equipment, revaluation surplus | $ 6,821,753 | |||||||
Bottom of range [member] | ||||||||
IncomeTaxes [Line Items] | ||||||||
Special Tax On Revaluation Value | 8.00% | |||||||
Top of range [member] | ||||||||
IncomeTaxes [Line Items] | ||||||||
Special Tax On Revaluation Value | 10.00% | |||||||
CHILE | ||||||||
IncomeTaxes [Line Items] | ||||||||
Applicable tax rate | 25.50% | 24.00% | 22.50% | 21.00% | 20.00% | |||
CHILE | Scenario plan for tax rate [Member] | ||||||||
IncomeTaxes [Line Items] | ||||||||
Applicable tax rate | 27.00% | |||||||
ARGENTINA | ||||||||
IncomeTaxes [Line Items] | ||||||||
Applicable tax rate | 35.00% | |||||||
Applicable excise tax rate | 8.00% | |||||||
Earnings retention ratio | 13.00% | 0.00% | ||||||
ARGENTINA | Scenario plan for tax rate [Member] | ||||||||
IncomeTaxes [Line Items] | ||||||||
Applicable tax rate | 25.00% | 30.00% | 25.00% | |||||
Applicable excise tax rate | 14.00% | |||||||
Earnings retention ratio | 7.00% | 13.00% | ||||||
April 2014 [Member] | ||||||||
IncomeTaxes [Line Items] | ||||||||
Receivable related to first category income tax refunds | $ 968,195 |
Employee Benefits (Details)
Employee Benefits (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Employee benefits [Abstract] | ||
Short-term employee benefits accruals | $ 31,600,044 | $ 26,050,387 |
Current net defined benefit liability | 194,119 | 182,106 |
Current provisions for employee benefits | 31,794,163 | 26,232,493 |
Long term employee benefits accruals | 0 | 0 |
Non-current net defined benefit liability | 26,901,088 | 23,517,009 |
Provisions for employee benefits | $ 26,901,088 | $ 23,517,009 |
Employee Benefits (Details 1)
Employee Benefits (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Employee Benefits [Line Items] | ||
Short-term employee benefits accruals | $ 31,600,044 | $ 26,050,387 |
Vacation [Member] | ||
Disclosure Of Employee Benefits [Line Items] | ||
Short-term employee benefits accruals | 10,518,298 | 9,932,727 |
Bonus and compensation [Member] | ||
Disclosure Of Employee Benefits [Line Items] | ||
Short-term employee benefits accruals | $ 21,081,746 | $ 16,117,660 |
Employee Benefits (Details 2)
Employee Benefits (Details 2) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Employee benefits [Abstract] | ||
Current | $ 194,119 | $ 182,106 |
Non-current | 26,901,088 | 23,517,009 |
Total | $ 27,095,207 | $ 23,699,115 |
Employee Benefits (Details 3)
Employee Benefits (Details 3) - CLP ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Employee Benefits [Line Items] | ||
Balance | $ 23,699,115 | |
Changes | 6,240,664 | $ (142,520) |
Balance | 27,095,207 | 23,699,115 |
Severance Indemniy [Member] | ||
Disclosure Of Employee Benefits [Line Items] | ||
Balance | 23,699,115 | 22,153,423 |
Current cost of service | 2,154,071 | 1,942,099 |
Interest cost | 1,742,273 | 1,850,598 |
Actuarial (Gain) losses | 1,322,754 | (99,357) |
Paid-up benefits | (1,640,831) | (1,934,587) |
Past service cost | 306,746 | 604,337 |
From combinations | 776,718 | |
Conversion effect | (1,281,341) | (694,189) |
Others | 15,702 | (123,209) |
Changes | 3,396,092 | 1,545,692 |
Balance | $ 27,095,207 | $ 23,699,115 |
Employee Benefits (Details 4)
Employee Benefits (Details 4) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Employee benefits [Abstract] | |||
Current cost of service | $ 2,154,071 | $ 1,942,099 | $ 1,650,484 |
Past service cost | 306,746 | 604,337 | 342,039 |
Non-provided paid benefits | 6,547,694 | 6,023,869 | 7,851,201 |
Other | 175,005 | 269,377 | 1,114,112 |
Total expense recognized in Consolidated Statement of Income | $ 9,183,516 | $ 8,839,682 | $ 10,957,836 |
Employee Benefits (Details 5)
Employee Benefits (Details 5) - Age | Dec. 31, 2018 | Dec. 31, 2017 | |
CHILE | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of discount rates | 569.00% | 596.00% | |
Acturial assumption of voluntary employee turnover rate | 19 | 19 | |
Acturial assumption of rotation rate | 53 | 53 | |
Actuarial assumption of expected rates of salary increases | [1] | 37.00% | 37.00% |
CHILE | Officers [Member] | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of retirement age | 60 | 60 | |
CHILE | Other employees Male [Member] | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of retirement age | [1] | 65 | 65 |
CHILE | Other employees Female [Member] | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of retirement age | [1] | 60 | 60 |
ARGENTINA | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of discount rates | 3462.00% | 2455.00% | |
Acturial assumption of voluntary employee turnover rate | 50 | 50 | |
Acturial assumption of rotation rate | 50 | 50 | |
Actuarial assumption of expected rates of salary increases | [1] | 2827.00% | 1868.00% |
ARGENTINA | Officers [Member] | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of retirement age | 60 | 60 | |
ARGENTINA | Other employees Male [Member] | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of retirement age | [1] | 65 | 65 |
ARGENTINA | Other employees Female [Member] | |||
Disclosure Of Employee Benefits [Line Items] | |||
Actuarial assumption of retirement age | [1] | 60 | 60 |
[1] | Average of the Company. |
Employee Benefits (Details 6)
Employee Benefits (Details 6) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Employee benefits [Abstract] | ||
1% increase in the Discount Rate (Gain) | $ 1,623,794 | $ 1,457,410 |
1% decrease in the Discount Rate (Loss) | $ (1,880,258) | $ (1,684,968) |
Employee Benefits (Details 6) (
Employee Benefits (Details 6) (Parenthetical) | Dec. 31, 2018 |
Disclosure of Employee benefits [Abstract] | |
Percentage of reasonably possible increase in actuarial assumption | 1.00% |
Percentage of reasonably possible decrease in actuarial assumption | 1.00% |
Employee Benefits (Details 7)
Employee Benefits (Details 7) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of Employee benefits [Abstract] | ||||
Salaries | $ 159,246,822 | $ 151,944,702 | $ 145,766,757 | |
Employees' short-term benefits | 31,528,110 | 27,588,955 | 23,189,206 | |
Total expenses for short-term employee benefits | 190,774,932 | 179,533,657 | 168,955,963 | |
Employments termination benefits | 9,183,516 | 8,839,682 | 10,957,836 | |
Other staff expense | 32,183,184 | 32,485,170 | 30,971,754 | |
Total | [1] | $ 232,141,632 | $ 220,858,509 | $ 210,885,553 |
[1] | See Note 29 – Natures of cost and expense. |
Employee Benefits (Details Text
Employee Benefits (Details Textual) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Employee Benefits [Line Items] | ||
Weighted average duration of short term employee benefit obligations | 12 | |
CHILE | ||
Disclosure Of Employee Benefits [Line Items] | ||
Actuarial assumption of discount rates | 569.00% | 596.00% |
ARGENTINA | ||
Disclosure Of Employee Benefits [Line Items] | ||
Actuarial assumption of discount rates | 3462.00% | 2455.00% |
Other non-financial liabiliti_3
Other non-financial liabilities (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other non financial liabilities [Line Items] | |||
Current dividend payables | $ 161,631,699 | $ 74,272,157 | |
Other non-financial liabilities | 426,030 | 26,142 | |
Other current non-financial liabilities | 164,555,540 | 74,298,299 | |
Income received in advance | [1] | 2,497,811 | 0 |
Parent [Member] | Dividend Provisioned By Board [Member] | |||
Disclosure of other non financial liabilities [Line Items] | |||
Current dividend payables | 51,730,402 | 25,865,201 | |
Parent [Member] | Dividend Provisioned As Per Policy [Member] | |||
Disclosure of other non financial liabilities [Line Items] | |||
Current dividend payables | 101,714,994 | 38,938,475 | |
Parent [Member] | Outstanding Dividend [Member] | |||
Disclosure of other non financial liabilities [Line Items] | |||
Current dividend payables | 684,158 | 709,790 | |
Subsidiaries [Member] | Dividend Provisioned As Per Policy [Member] | |||
Disclosure of other non financial liabilities [Line Items] | |||
Current dividend payables | $ 7,502,145 | $ 8,758,691 | |
[1] | See Note 1 – General Information, letter C). |
Common Shareholders' Equity (De
Common Shareholders' Equity (Details) - CLP ($) $ in Thousands | 12 Months Ended | ||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||||
Disclosure of Common Shareholders' Equity [Line Items] | |||||||
Gains (losses) on cash flow hedges, before tax | $ 63,008 | [1] | $ (5,661) | $ 84,962 | [1] | ||
Gains (losses) on exchange differences on translation, before tax | 37,990,079 | [1] | (34,786,480) | [1] | (27,280,176) | ||
Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans | (1,263,781) | 19,669 | (2,355,384) | ||||
Other comprehensive income, before tax | 36,789,306 | (34,772,472) | (29,550,598) | ||||
Income tax relating to cash flow hedges of other comprehensive income | 16,196 | (728) | 20,648 | ||||
Income tax relating to exchange differences on translation of other comprehensive income | 0 | [1] | 0 | [1] | 0 | ||
Income tax relating to remeasurements of defined benefit plans of other comprehensive income | (339,533) | 47,228 | (659,198) | ||||
Charge to equity | 323,337 | (46,500) | 638,550 | ||||
Gains (losses) on cash flow hedges, net of tax | [1] | 46,812 | (4,933) | 64,314 | |||
Gains (losses) on exchange differences on translation, net of tax | 37,990,079 | [1] | (34,786,480) | [1] | (27,280,176) | ||
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans | (924,248) | (27,559) | (1,696,186) | ||||
Other comprehensive income | $ 37,112,643 | $ (34,818,972) | $ (28,912,048) | ||||
[1] | These concepts will be reclassified to the Statement of Income when it’s settled. |
Common Shareholders' Equity (_2
Common Shareholders' Equity (Details 1) - CLP ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of Common Shareholders' Equity [Abstract] | ||||
Equity holders of the controlling company | $ 306,890,792 | [1] | $ 129,607,353 | $ 118,457,488 |
Weighted average number of shares | 369,502,872 | 369,502,872 | 369,502,872 | |
Basic income per share | $ 830.55 | $ 350.76 | $ 320.59 | |
Diluted income per share | $ 830.55 | $ 350.76 | $ 320.59 | |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Common Shareholders' Equity (_3
Common Shareholders' Equity (Details 2) | 12 Months Ended | ||||||||||
Dec. 31, 2018$ / shares | Dec. 31, 2017$ / shares | Dec. 31, 2016$ / shares | Dec. 31, 2015$ / shares | Dec. 05, 2018$ / shares | Apr. 11, 2018$ / shares | Dec. 12, 2017$ / shares | Dec. 06, 2017$ / shares | Dec. 06, 2016$ / shares | Apr. 13, 2016$ / shares | Dec. 01, 2015$ / shares | |
Interim dividend [Member] | |||||||||||
Disclosure of Common Shareholders' Equity [Line Items] | |||||||||||
Dividend paid date | Jan. 4, 2019 | Jan. 5, 2018 | Jan. 5, 2018 | Jan. 6, 2017 | |||||||
Dividend per Share | (per share) | $ 140 | $ 70 | $ 66 | $ 66 | $ 140 | $ 70 | $ 66 | $ 66 | |||
Year of dividend | 2018 | 2017 | 2016 | 2015 | |||||||
Final dividend [Member] | |||||||||||
Disclosure of Common Shareholders' Equity [Line Items] | |||||||||||
Dividend paid date | Apr. 26, 2018 | Apr. 26, 2018 | Apr. 26, 2017 | ||||||||
Dividend per Share | (per share) | $ 108.88833 | $ 110.32236 | $ 97.47388 | $ 108.88833 | $ 110.32236 | $ 97.47388 | |||||
Year of dividend | 2017 | 2016 | 2015 |
Common Shareholders' Equity (_4
Common Shareholders' Equity (Details 3) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Common Shareholders' Equity [Line Items] | |||
Conversion of joint ventures and foreign subsidiaries | $ (56,955,827) | $ (34,772,472) | $ (30,035,119) |
Inflation adjustment of subsidiaries in Argentina | 93,745,133 | ||
Charge to equity | 323,337 | (46,500) | 638,550 |
Reclassification to the result by function | 38,053,087 | (34,792,141) | (27,195,214) |
Reclassification of deferred taxes related to other reserves | (16,196) | 728 | (20,648) |
Other comprehensive income | 37,112,643 | (34,818,972) | (28,912,048) |
Equity holders of the parent | 34,657,314 | (33,026,460) | (26,705,238) |
Non-controlling interests | 2,455,329 | (1,792,512) | (2,206,810) |
Reserve of exchange differences on translation [member] | |||
Disclosure of Common Shareholders' Equity [Line Items] | |||
Conversion of joint ventures and foreign subsidiaries | (55,755,054) | (34,786,480) | (27,280,176) |
Inflation adjustment of subsidiaries in Argentina | 93,745,133 | ||
Charge to equity | 0 | 0 | 0 |
Reclassification to the result by function | 0 | ||
Reclassification of deferred taxes related to other reserves | 0 | ||
Other comprehensive income | 37,990,079 | (34,786,480) | (27,280,176) |
Equity holders of the parent | 35,487,433 | (32,982,829) | (25,123,546) |
Non-controlling interests | 2,502,646 | (1,803,651) | (2,156,630) |
Reserve of cash flow hedges [member] | |||
Disclosure of Common Shareholders' Equity [Line Items] | |||
Conversion of joint ventures and foreign subsidiaries | 63,008 | (5,661) | (399,559) |
Inflation adjustment of subsidiaries in Argentina | 0 | ||
Charge to equity | (16,196) | 728 | 89,983 |
Reclassification to the result by function | 484,521 | ||
Reclassification of deferred taxes related to other reserves | (110,631) | ||
Other comprehensive income | 46,812 | (4,933) | 64,314 |
Equity holders of the parent | 51,944 | (10,837) | 41,607 |
Non-controlling interests | (5,132) | 5,904 | 22,707 |
Reserve of Actuarial gains and losses on defined benefit plans | |||
Disclosure of Common Shareholders' Equity [Line Items] | |||
Conversion of joint ventures and foreign subsidiaries | (1,263,781) | 19,669 | (2,355,384) |
Inflation adjustment of subsidiaries in Argentina | 0 | ||
Charge to equity | 339,533 | (47,228) | 659,198 |
Reclassification to the result by function | 0 | ||
Reclassification of deferred taxes related to other reserves | 0 | ||
Other comprehensive income | (924,248) | (27,559) | (1,696,186) |
Equity holders of the parent | (882,063) | (32,794) | (1,623,299) |
Non-controlling interests | $ (42,185) | $ 5,235 | $ (72,887) |
Common Shareholders' Equity (_5
Common Shareholders' Equity (Details Textual) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2018CLP ($)$ / sharesshares | Dec. 31, 2008CLP ($) | Dec. 31, 1979CLP ($) | Dec. 05, 2018CLP ($) | Dec. 05, 2018$ / shares | Nov. 13, 2018shares | Jun. 05, 2018USD ($) | Jun. 05, 2018ARS ($) | Apr. 30, 2018CLP ($) | Apr. 30, 2018ARS ($) | Apr. 11, 2018CLP ($) | Apr. 11, 2018$ / shares | Dec. 31, 2017CLP ($)$ / shares | Dec. 12, 2017CLP ($)$ / shares | Dec. 06, 2017CLP ($)$ / shares | Dec. 31, 2016CLP ($)$ / shares | Dec. 06, 2016CLP ($)$ / shares | Apr. 13, 2016USD ($) | Apr. 13, 2016$ / shares | Dec. 31, 2015$ / shares | Dec. 01, 2015CLP ($)$ / shares | |
Disclosure of Common Shareholders' Equity [Line Items] | |||||||||||||||||||||
Issued capital | $ 562,693,346,000 | $ 562,693,346,000 | |||||||||||||||||||
Number of shares issued and fully paid | shares | 369,502,872 | (12,000) | |||||||||||||||||||
Description of dividend policy | annually distributing at least 50% of the net distributable profit of the year | ||||||||||||||||||||
Dividend payables | $ 129,858,280,000 | $ 5,141,760,000,000 | $ 104,729,404,000 | $ 4,146,778,022,400 | |||||||||||||||||
Reserve of exchange differences on translation | $ 37,008,642,000 | 21,161,126,000 | $ 17,869,963,000 | ||||||||||||||||||
Reserve of cash flow hedges | 80,188,000 | 28,244,000 | 39,081,000 | ||||||||||||||||||
Reserve of remeasurements of defined benefit plans | 4,840,574,000 | 3,958,511,000 | 3,925,717,000 | ||||||||||||||||||
Other reserves | $ (151,048,226,000) | $ (178,075,279,000) | $ 18,527,810,000 | ||||||||||||||||||
Increase decrease through adjustments due to reassessment of fixed assets | $ 4,087,396,000 | ||||||||||||||||||||
Increase decrease through adjustments of price level restatement of paid up capital | $ 17,615,333,000 | ||||||||||||||||||||
Interim dividend [Member] | |||||||||||||||||||||
Disclosure of Common Shareholders' Equity [Line Items] | |||||||||||||||||||||
Dividend payables | $ 51,730,402 | $ 25,865,201 | $ 24,387,190 | $ 24,387,190 | |||||||||||||||||
Dividend per Share | (per share) | $ 140 | $ 140 | $ 70 | $ 70 | $ 66 | $ 66 | $ 66 | $ 66 | |||||||||||||
Final dividend [Member] | |||||||||||||||||||||
Disclosure of Common Shareholders' Equity [Line Items] | |||||||||||||||||||||
Dividend payables | $ 40,234,551 | $ 40,764,427 | $ 36,016,878 | ||||||||||||||||||
Dividend per Share | (per share) | $ 108.88833 | $ 108.88833 | $ 110.32236 | $ 110.32236 | $ 97.47388 | $ 97.47388 | |||||||||||||||
Percentage of dividend distribution | 31.04% | 34.41% |
Non-controlling Interests (Deta
Non-controlling Interests (Details) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | $ 108,989,235 | $ 125,751,551 |
Bebidas del Paraguay S.A [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | 18,803,673 | 17,624,239 |
Aguas CCU-Nestle Chile S.A. [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | 24,118,966 | 20,347,714 |
Cerveceria Kunstmann S.A. [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | 8,118,212 | 6,684,320 |
Compania Pisquera de Chile S.A [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | 5,109,395 | 4,898,600 |
Vina San Pedro Tarapaca S.A [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | 39,007,270 | 72,189,322 |
Saenz Briones Cia. S.A.I.C. [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | 1,179,410 | 680,303 |
Distribuidora del Paraguay S.A. [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | 4,445,452 | 2,806,825 |
Other subsidiaries [Member] | ||
Disclosure of Non-controlling interests [Line Items] | ||
Non-controlling interests | $ 1,131,825 | $ 520,228 |
Non-controlling Interests (De_2
Non-controlling Interests (Details 1) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | $ 15,193,739 | $ 18,501,066 | $ 21,624,399 |
Aguas CCU-Nestle Chile S.A. [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | 7,587,140 | 7,814,358 | 8,377,672 |
Vina San Pedro Tarapaca S.A [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | 2,520,768 | 6,223,423 | 9,887,477 |
Cerveceria Kunstmann S.A. [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | 2,772,074 | 1,979,976 | 1,636,906 |
Compania Pisquera de Chile SA [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | 1,154,401 | 954,046 | 790,152 |
Saenz Briones Cia. S.A.I.C. [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | 42,787 | 33,027 | 11,184 |
Distribuidora del Paraguay S.A. [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | 1,431,158 | 906,728 | 255,683 |
Bebidas del Paraguay S.A. y Distribuidora del Paraguay S.A. | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | 210,568 | 580,406 | 576,986 |
Other subsidiaries [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Profit (loss), attributable to non-controlling interests | $ 27,659 | $ 9,102 | $ 88,339 |
Non-controlling Interests (De_3
Non-controlling Interests (Details 2) $ in Thousands, in Thousands | 12 Months Ended | |||
Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLF ( ) | Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) | |
Disclosure of Non-controlling interests [Line Items] | ||||
Current assets | $ 941,007,259 | $ 729,106,553 | ||
Total non-current assets | 1,464,857,657 | 1,247,122,534 | ||
Current liabilities | 645,724,245 | 468,749,455 | ||
Non-current liabilities | 371,024,728 | 280,651,024 | ||
Dividends paid | | 3,212,105 | 10,150,528 | ||
Non-controlling interests [member] | ||||
Disclosure of Non-controlling interests [Line Items] | ||||
Current assets | 711,482,809 | 610,476,810 | ||
Total non-current assets | 829,511,196 | 746,352,848 | ||
Current liabilities | 399,409,388 | 337,171,241 | ||
Non-current liabilities | $ 149,602,171 | $ 159,841,007 |
Non-controlling Interests (De_4
Non-controlling Interests (Details 3) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Statement of financial position [abstract] | ||
Current assets | $ 941,007,259 | $ 729,106,553 |
Total non-current assets | 1,464,857,657 | 1,247,122,534 |
Current liabilities | 645,724,245 | 468,749,455 |
Non-current liabilities | 371,024,728 | 280,651,024 |
Non-controlling interests [member] | ||
Statement of financial position [abstract] | ||
Current assets | 711,482,809 | 610,476,810 |
Total non-current assets | 829,511,196 | 746,352,848 |
Current liabilities | 399,409,388 | 337,171,241 |
Non-current liabilities | 149,602,171 | 159,841,007 |
Vina San Pedro Tarapaca S.A [Member] | Non-controlling interests [member] | ||
Statement of financial position [abstract] | ||
Current assets | 156,118,074 | 141,114,944 |
Total non-current assets | 185,841,247 | 174,184,006 |
Current liabilities | 80,877,682 | 63,872,711 |
Non-current liabilities | $ 31,550,148 | $ 31,221,369 |
Non-controlling Interests (De_5
Non-controlling Interests (Details 4) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure Of Employee Benefits [Line Items] | ||||
Net sales | $ 1,783,282,337 | [1] | $ 1,698,360,794 | $ 1,558,897,708 |
Net income of year | 322,084,531 | 148,108,419 | 140,081,887 | |
Vina San Pedro Tarapaca S.A [Member] | Non-controlling interests [member] | ||||
Disclosure Of Employee Benefits [Line Items] | ||||
Net sales | 206,518,731 | 204,453,782 | 201,402,052 | |
Net income of year | $ 14,833,018 | $ 17,715,119 | $ 28,021,996 | |
[1] | The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent. |
Non-controlling Interests (De_6
Non-controlling Interests (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Non-controlling interests [Line Items] | |||
Dividends paid, classified as financing activities | $ 74,825,181 | $ 75,128,211 | $ 69,819,729 |
Vina San Pedro Tarapaca S.A [Member] | |||
Disclosure of Non-controlling interests [Line Items] | |||
Dividends paid, classified as financing activities | $ 9,070,285 | $ 13,602,317 | $ 17,682,375 |
Nature of cost and expense (Det
Nature of cost and expense (Details) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of Nature of cost and expense [Line Items] | ||||
Direct cost | $ 650,386,343 | $ 586,223,676 | $ 540,692,964 | |
Personnel expense | [1] | 232,141,632 | 220,858,509 | 210,885,553 |
Transportation and distribution | 243,907,283 | 235,265,049 | 230,047,942 | |
Advertising and promotion | 118,003,908 | 129,603,036 | 105,938,586 | |
Depreciation and amortization | 93,289,194 | 92,199,504 | 83,528,045 | |
Materials and maintenance | 46,610,947 | 46,172,647 | 47,102,582 | |
Energy | 29,309,465 | 25,940,847 | 24,444,163 | |
Leases | 17,727,367 | 15,929,047 | 16,294,896 | |
Other expenses | 111,639,503 | 117,992,179 | 104,455,411 | |
Total | $ 1,543,015,642 | $ 1,470,184,494 | $ 1,363,390,142 | |
[1] | See Note 29 – Natures of cost and expense. |
Other income by function (Detai
Other income by function (Details) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of other income by function [Abstract] | ||||
Sales of fixed assets | $ 2,464,820 | $ 1,641,317 | $ 2,605,720 | |
Lease expense | 266,335 | 535,555 | 382,934 | |
Sale of glass | 731,111 | 1,334,123 | 549,787 | |
Claims recovery | 831,230 | 761,290 | 589,396 | |
Advance term license (1) | [1] | 213,400,487 | 0 | 0 |
Others | 10,761,071 | 2,445,617 | 1,016,317 | |
Total | $ 228,455,054 | $ 6,717,902 | $ 5,144,154 | |
[1] | General information, letter C). |
Other Gains (Losses) (Details)
Other Gains (Losses) (Details) - CLP ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of other gains losses [Abstract] | ||||
Results derivative contracts | [1] | $ 5,108,327 | $ (8,010,204) | $ (10,134,414) |
Marketable securities to fair value | (132,420) | 293,413 | 84,133 | |
Other | (946,280) | 0 | 1,704,374 | |
Total | $ 4,029,627 | $ (7,716,791) | $ (8,345,907) | |
[1] | Under this concept the Company (payment) or received cash flows amounting to ThCh$ 7,508,815 (payment), ThCh$ 11,391,103 (payment) and ThCh$ 9,698,871 received, corresponding to 2018, 2017 and 2016, respectively, and these were recorded in the Consolidated Cash Flow Statement, under Operational activities, in line item Other cash movements. |
Other Gains (Losses) (Details T
Other Gains (Losses) (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Derivatives [member] | |||
Disclosure of other gains losses [Line Items] | |||
Payments from contracts held for dealing or trading purpose | $ 7,508,815 | $ 11,391,103 | $ 9,698,871 |
Financial results (Details)
Financial results (Details) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Financial results [Abstract] | |||
Finance income | $ 15,794,456 | $ 5,050,952 | $ 5,680,068 |
Finance costs | (23,560,662) | (24,166,313) | (20,307,238) |
Foreign currency exchange differences | (3,299,657) | 2,563,019 | (456,995) |
Result as per adjustment units | $ 742,041 | $ (110,539) | $ (2,246,846) |
Effects of changes in currenc_3
Effects of changes in currency exchange rate (Details) $ in Thousands | Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016CLP ($) | Dec. 31, 2015CLP ($) |
Current assets [abstract] | ||||||
Cash and cash equivalents | $ 319,014,050 | $ 170,044,602 | $ 134,033,183 | $ 192,554,239 | ||
Other financial assets | 22,745,469 | 10,724,196 | ||||
Other non-financial assets | 18,861,414 | 15,834,225 | ||||
Trade and other current receivables | 320,702,339 | 286,213,598 | ||||
Accounts receivable from related parties | 3,048,841 | 5,810,764 | ||||
Inventories | 228,062,237 | 201,987,891 | ||||
Biological assets | 8,489,873 | 8,157,688 | 7,948,379 | |||
Current tax assets | 17,302,429 | 28,027,878 | ||||
Non-current assets of disposal groups classified as held for sale | 2,780,607 | 2,305,711 | ||||
Total current assets | 941,007,259 | 729,106,553 | ||||
Chilean Pesos [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 260,844,976 | 137,686,421 | ||||
Other financial assets | 1,284,308 | 1,669,678 | ||||
Other non-financial assets | 14,998,511 | 11,758,075 | ||||
Trade and other current receivables | 191,891,137 | 183,758,319 | ||||
Accounts receivable from related parties | 2,959,696 | 5,652,643 | ||||
Inventories | 181,084,437 | 166,761,797 | ||||
Biological assets | 7,914,384 | 7,666,639 | ||||
Current tax assets | 13,262,197 | 21,407,803 | ||||
Non-current assets of disposal groups classified as held for sale | 1,884,958 | 2,046,178 | ||||
Total current assets | 676,124,604 | 538,407,553 | ||||
US Dollar [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 19,026,630 | 5,178,619 | 8,458,621 | |||
Other financial assets | 20,990,836 | 8,992,300 | ||||
Other non-financial assets | 860,506 | 791,191 | ||||
Trade and other current receivables | 34,113,849 | 27,810,990 | ||||
Accounts receivable from related parties | 9,480 | 40,039 | ||||
Inventories | 198,068 | 374,473 | ||||
Total current assets | 75,199,369 | 43,187,612 | ||||
Euros [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 954,640 | 182,966 | ||||
Other financial assets | 438,369 | 44,126 | ||||
Other non-financial assets | 5,078 | 173,165 | ||||
Trade and other current receivables | 10,152,559 | 9,326,882 | ||||
Inventories | 0 | 17,363 | ||||
Total current assets | 11,550,646 | 9,744,502 | ||||
Argentinean Pesos [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 33,207,046 | 17,983,303 | 2,388,743 | |||
Other non-financial assets | 2,061,473 | 2,593,125 | ||||
Trade and other current receivables | 65,748,507 | 54,194,474 | ||||
Inventories | 34,392,396 | 27,356,020 | ||||
Biological assets | 575,489 | 491,049 | ||||
Current tax assets | 3,922,627 | 6,620,075 | ||||
Non-current assets of disposal groups classified as held for sale | 895,649 | 259,533 | ||||
Total current assets | 140,803,187 | 109,497,579 | ||||
Uruguayan Peso [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 548,975 | 718,348 | 1,136,783 | |||
Other non-financial assets | 72,792 | 37,956 | ||||
Trade and other current receivables | 5,128,068 | 4,372,909 | ||||
Inventories | 2,403,427 | 1,966,752 | ||||
Current tax assets | $ 117,605 | $ 0 | ||||
Total current assets | 8,270,867 | 7,095,965 | ||||
Paraguayan Guarani [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 2,495,748 | 7,758,211 | 3,291,550 | |||
Other financial assets | 434,399 | 205,145 | ||||
Other non-financial assets | 8,588,066 | 5,495,532 | ||||
Trade and other current receivables | 434 | 8,962 | ||||
Accounts receivable from related parties | 7,669,975 | 5,511,486 | ||||
Inventories | 19,188,622 | 18,979,336 | ||||
Other currencies [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 676,270 | 536,734 | $ 503,028 | |||
Other financial assets | 31,956 | 18,092 | ||||
Trade and other current receivables | 2,344,849 | 1,116,231 | ||||
Total current assets | 3,053,075 | 1,671,057 | ||||
Unidades de Fomento | ||||||
Current assets [abstract] | ||||||
Other non-financial assets | 282,494 | 275,568 | ||||
Trade and other current receivables | 1,394,916 | 138,261 | ||||
Accounts receivable from related parties | 79,231 | 109,120 | ||||
Total current assets | 1,756,641 | 522,949 | ||||
Bolivianboliviano [Member] | ||||||
Current assets [abstract] | ||||||
Cash and cash equivalents | 1,259,765 | 0 | ||||
Other non-financial assets | 146,161 | 0 | ||||
Trade and other current receivables | 1,340,388 | 0 | ||||
Inventories | 2,313,934 | 0 | ||||
Total current assets | $ 5,060,248 | $ 0 |
Effects of changes in currenc_4
Effects of changes in currency exchange rate (Details 1) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Non-current assets [abstract] | ||||
Other financial assets | $ 3,325,079 | $ 1,918,191 | ||
Trade and other non-current receivables | 3,363,123 | 3,974,395 | ||
Other non-financial assets | 5,007,150 | 4,644,827 | ||
Accounts receivable from related parties | 190,865 | 258,471 | ||
Investments accounted for using equity method | 142,017,781 | 99,270,280 | $ 64,404,946 | |
Intangible assets other than goodwill | 118,964,142 | 77,032,480 | 77,934,155 | |
Goodwill | 123,044,901 | 94,617,474 | $ 96,926,551 | |
Property, plant and equipment (net) | 1,021,266,631 | 917,913,428 | 904,104,722 | |
Investment property | 8,715,956 | 5,825,359 | $ 6,253,827 | |
Deferred tax assets | 37,691,088 | 40,351,329 | ||
Current tax assets, non-current | 1,270,941 | 1,316,300 | ||
Total non-current assets | 1,464,857,657 | 1,247,122,534 | ||
Unidades de Fomento [Member] | ||||
Non-current assets [abstract] | ||||
Other financial assets | 3,325,079 | 1,918,191 | ||
Trade and other non-current receivables | 1,283,676 | 2,452,475 | ||
Accounts receivable from related parties | 190,865 | 258,471 | ||
Total non-current assets | 4,799,620 | 4,629,137 | ||
Euros [Member] | ||||
Non-current assets [abstract] | ||||
Other financial assets | 0 | 94,776 | ||
Total non-current assets | 0 | 94,776 | ||
Chilean Pesos [Member] | ||||
Non-current assets [abstract] | ||||
Trade and other non-current receivables | 88,306 | 190,015 | ||
Other non-financial assets | 4,278,605 | 3,493,654 | ||
Investments accounted for using equity method | 19,407,798 | 26,782,445 | ||
Intangible assets other than goodwill | 67,739,510 | 65,914,305 | ||
Goodwill | 75,577,909 | 76,119,432 | ||
Property, plant and equipment (net) | 830,151,351 | 808,313,408 | ||
Investment property | 4,332,690 | 4,862,410 | ||
Deferred tax assets | 32,989,545 | 36,530,783 | ||
Current tax assets, non-current | 1,172,749 | 1,173,281 | ||
Total non-current assets | 1,035,738,463 | 1,023,379,733 | ||
Argentinean Pesos [Member] | ||||
Non-current assets [abstract] | ||||
Trade and other non-current receivables | 1,804,963 | 1,331,905 | ||
Other non-financial assets | 540,495 | 472,141 | ||
Investments accounted for using equity method | 578,154 | 358,962 | ||
Intangible assets other than goodwill | 37,960,927 | 4,385,112 | ||
Goodwill | 24,889,792 | 5,381,779 | ||
Property, plant and equipment (net) | 142,669,147 | 78,183,157 | ||
Investment property | 4,383,266 | 962,949 | ||
Deferred tax assets | 2,955,530 | 3,601,765 | ||
Current tax assets, non-current | 98,192 | 143,019 | ||
Total non-current assets | 215,880,466 | 94,820,789 | ||
Paraguayan Guarani [Member] | ||||
Non-current assets [abstract] | ||||
Trade and other non-current receivables | 186,178 | 0 | ||
Other non-financial assets | 14,357 | 14,742 | ||
Intangible assets other than goodwill | 3,848,057 | 3,757,467 | ||
Goodwill | 278,896 | 263,110 | ||
Property, plant and equipment (net) | 18,030,887 | 16,580,995 | ||
Deferred tax assets | 47,456 | 38,020 | ||
Total non-current assets | 22,405,831 | 20,654,334 | ||
US Dollar [Member] | ||||
Non-current assets [abstract] | ||||
Other non-financial assets | 173,693 | 664,290 | ||
Investments accounted for using equity method | 122,031,829 | 72,128,873 | ||
Goodwill | 22,298,304 | 12,853,153 | ||
Property, plant and equipment (net) | 0 | 1,681 | ||
Total non-current assets | 144,503,826 | 85,647,997 | ||
Uruguayan Peso [Member] | ||||
Non-current assets [abstract] | ||||
Intangible assets other than goodwill | 2,912,675 | 2,975,596 | ||
Property, plant and equipment (net) | 14,890,634 | 14,739,411 | ||
Deferred tax assets | 223,831 | 180,761 | ||
Total non-current assets | 18,027,140 | 17,895,768 | ||
Bolivianboliviano [Member] | ||||
Non-current assets [abstract] | ||||
Intangible assets other than goodwill | 6,502,973 | 0 | ||
Property, plant and equipment (net) | 15,524,612 | 0 | ||
Deferred tax assets | 1,474,726 | 0 | ||
Total non-current assets | $ 23,502,311 | $ 0 |
Effects of changes in currenc_5
Effects of changes in currency exchange rate (Details 2) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Current liabilities [abstract] | |||
Other financial liabilities | $ 62,766,946 | $ 53,591,658 | [1] |
Trade and other current payables | 303,380,168 | 281,681,553 | |
Accounts payable to related parties | 6,936,910 | 10,069,043 | |
Other current provisions | 405,069 | 349,775 | |
Current tax liabilities, current | 75,885,449 | 22,526,634 | |
Provisions for employee benefits | 31,794,163 | 26,232,493 | |
Other non-financial liabilities | 164,555,540 | 74,298,299 | |
Total current liabilities | 645,724,245 | 468,749,455 | |
0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 11,197,060 | 16,761,881 | |
Trade and other current payables | 297,834,912 | 280,932,266 | |
Accounts payable to related parties | 6,651,051 | 10,069,043 | |
Other current provisions | 271,812 | 297,500 | |
Current tax liabilities, current | 56,895,995 | 18,162,016 | |
Provisions for employee benefits | 16,181,182 | 25,751,992 | |
Other non-financial liabilities | 2,479,960 | 25,891,422 | |
Total current liabilities | 391,511,972 | 377,866,120 | |
More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 51,569,886 | 36,829,777 | |
Trade and other current payables | 5,545,256 | 749,287 | |
Accounts payable to related parties | 285,859 | 0 | |
Other current provisions | 133,257 | 52,275 | |
Current tax liabilities, current | 18,989,454 | 4,364,618 | |
Provisions for employee benefits | 15,612,981 | 480,501 | |
Other non-financial liabilities | 162,075,580 | 48,406,877 | |
Total current liabilities | 254,212,273 | 90,883,335 | |
Chilean Pesos [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 1,579,060 | 1,621,976 | |
Trade and other current payables | 177,575,915 | 169,971,096 | |
Accounts payable to related parties | 4,042,438 | 4,616,727 | |
Other current provisions | 5,380 | 0 | |
Current tax liabilities, current | 3,932,875 | 5,663,732 | |
Provisions for employee benefits | 5,530,208 | 17,619,085 | |
Other non-financial liabilities | 0 | 25,865,201 | |
Total current liabilities | 192,665,876 | 225,357,817 | |
Chilean Pesos [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 19,510,742 | 17,844,529 | |
Trade and other current payables | 1,796,915 | 0 | |
Accounts payable to related parties | 0 | 0 | |
Other current provisions | 133,257 | 52,275 | |
Current tax liabilities, current | 18,989,454 | 4,364,618 | |
Provisions for employee benefits | 15,612,981 | 480,501 | |
Other non-financial liabilities | 162,075,580 | 48,406,877 | |
Total current liabilities | 218,118,929 | 71,148,800 | |
Unidades de Fomento [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 1,695,546 | 823,223 | |
Trade and other current payables | 0 | 5,847 | |
Total current liabilities | 1,695,546 | 829,070 | |
Unidades de Fomento [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 13,302,035 | 2,798,184 | |
Trade and other current payables | 0 | 0 | |
Total current liabilities | 13,302,035 | 2,798,184 | |
US Dollar [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 4,509,884 | 10,096,603 | |
Trade and other current payables | 43,335,127 | 34,814,603 | |
Accounts payable to related parties | 903,988 | 3,980,612 | |
Current tax liabilities, current | 2,467,789 | 0 | |
Total current liabilities | 51,216,788 | 48,891,818 | |
US Dollar [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 16,667,379 | 10,571,414 | |
Trade and other current payables | 2,746,757 | 498,752 | |
Accounts payable to related parties | 285,859 | 0 | |
Current tax liabilities, current | 0 | 0 | |
Total current liabilities | 19,699,995 | 11,070,166 | |
Euros [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 1,153,302 | 694,056 | |
Trade and other current payables | 4,921,252 | 6,030,900 | |
Accounts payable to related parties | 1,619,082 | 1,416,055 | |
Total current liabilities | 7,693,636 | 8,141,011 | |
Euros [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 0 | 355,650 | |
Trade and other current payables | 974,462 | 250,535 | |
Accounts payable to related parties | 0 | 0 | |
Total current liabilities | 974,462 | 606,185 | |
Argentinean Pesos [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 2,098,712 | 3,122,166 | |
Trade and other current payables | 63,786,646 | 65,677,731 | |
Other current provisions | 266,432 | 297,500 | |
Current tax liabilities, current | 52,201,867 | 12,383,112 | |
Provisions for employee benefits | 9,839,822 | 7,521,224 | |
Other non-financial liabilities | 12,171 | 26,221 | |
Total current liabilities | 128,205,650 | 89,027,954 | |
Argentinean Pesos [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 1,762,947 | 4,971,531 | |
Trade and other current payables | 612 | 0 | |
Other current provisions | 0 | 0 | |
Current tax liabilities, current | 0 | 0 | |
Provisions for employee benefits | 0 | 0 | |
Other non-financial liabilities | 0 | 0 | |
Total current liabilities | 1,763,559 | 4,971,531 | |
Uruguay Peso en Unidades Indexadas [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 110,633 | 403,857 | |
Total current liabilities | 110,633 | 403,857 | |
Uruguay Peso en Unidades Indexadas [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 326,783 | 288,469 | |
Total current liabilities | 326,783 | 288,469 | |
Other currencies [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 11,188 | 0 | |
Trade and other current payables | 343,970 | 273,981 | |
Accounts payable to related parties | 62,397 | 46,572 | |
Total current liabilities | 417,555 | 320,553 | |
Other currencies [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Trade and other current payables | 66 | 0 | |
Accounts payable to related parties | 0 | 0 | |
Total current liabilities | 66 | 0 | |
Uruguayan Peso [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Trade and other current payables | 2,202,163 | 1,978,456 | |
Current tax liabilities, current | 249,988 | 115,172 | |
Provisions for employee benefits | 383,167 | 335,454 | |
Total current liabilities | 2,835,318 | 2,429,082 | |
Uruguayan Peso [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Trade and other current payables | 0 | 0 | |
Current tax liabilities, current | 0 | 0 | |
Provisions for employee benefits | 0 | 0 | |
Total current liabilities | 0 | 0 | |
Paraguayan Pesos [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Trade and other current payables | 2,367,325 | 2,179,652 | |
Accounts payable to related parties | 11,267 | 9,077 | |
Current tax liabilities, current | 511,265 | 0 | |
Provisions for employee benefits | 271,167 | 276,229 | |
Total current liabilities | 3,161,024 | 2,464,958 | |
Paraguayan Pesos [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Trade and other current payables | 26,444 | 0 | |
Accounts payable to related parties | 0 | 0 | |
Current tax liabilities, current | 0 | 0 | |
Provisions for employee benefits | 0 | 0 | |
Total current liabilities | 26,444 | 0 | |
Bolivianboliviano [Member] | 0 to 3 months | |||
Current liabilities [abstract] | |||
Other financial liabilities | 38,735 | 0 | |
Trade and other current payables | 3,302,514 | 0 | |
Accounts payable to related parties | 11,879 | 0 | |
Provisions for employee benefits | 156,818 | 0 | |
Total current liabilities | 3,509,946 | 0 | |
Bolivianboliviano [Member] | More the 91 days until 1 year | |||
Current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Trade and other current payables | 0 | 0 | |
Accounts payable to related parties | 0 | 0 | |
Provisions for employee benefits | 0 | 0 | |
Total current liabilities | $ 0 | $ 0 | |
[1] | See Note 21 - Other financial liabilities. |
Effects of changes in currenc_6
Effects of changes in currency exchange rate (Details 3) - CLP ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Non-current liabilities [abstract] | |||
Other financial liabilities | $ 228,185,297 | $ 161,001,732 | |
Trade and other non-current payables | 12,413 | 541,783 | |
Other non-current provisions | 7,425,759 | 1,240,389 | |
Deferred tax liabilities | 108,500,171 | 94,350,111 | |
Provisions for employee benefits | 26,901,088 | 23,517,009 | |
Total non-current liabilities | 371,024,728 | 280,651,024 | |
Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 9,976,415 | 30,868,247 | |
Trade and other non-current payables | 5,142 | 541,783 | |
Other non-current provisions | 239,300 | 735,410 | |
Deferred tax liabilities | 23,241,269 | 27,074,149 | |
Provisions for employee benefits | 1,258,674 | 301,903 | |
Total non-current liabilities | 49,714,982 | 59,521,492 | |
Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 9,984,905 | [1] | 70,976,079 |
Trade and other non-current payables | 0 | 0 | |
Other non-current provisions | 281,654 | 0 | |
Deferred tax liabilities | 14,084,656 | 9,333,081 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 82,734,056 | 80,309,160 | |
Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 134,846,954 | 59,157,406 | |
Trade and other non-current payables | 7,271 | 0 | |
Other non-current provisions | 6,904,805 | 504,979 | |
Deferred tax liabilities | 71,174,246 | 57,942,881 | |
Provisions for employee benefits | 25,642,414 | 23,215,106 | |
Total non-current liabilities | 238,575,690 | 140,820,372 | |
Chilean Pesos [Member] | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 3,412,966 | 5,332,817 | |
Trade and other non-current payables | 0 | 404,081 | |
Other non-current provisions | 19,056 | 57,252 | |
Deferred tax liabilities | 20,302,096 | 26,303,193 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 23,734,118 | 32,097,343 | |
Chilean Pesos [Member] | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 55,837,517 | 55,750,482 | |
Trade and other non-current payables | 0 | 0 | |
Other non-current provisions | 0 | 0 | |
Deferred tax liabilities | 12,761,025 | 8,892,998 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 68,598,542 | 64,643,480 | |
Chilean Pesos [Member] | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 43,764 | 0 | |
Trade and other non-current payables | 7,271 | 0 | |
Other non-current provisions | 6,731,027 | 0 | |
Deferred tax liabilities | 56,936,976 | 53,811,477 | |
Provisions for employee benefits | 22,959,627 | 20,052,918 | |
Total non-current liabilities | 86,678,665 | 73,864,395 | |
Unidades de Fomento | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 10,724,171 | 22,924,023 | |
Trade and other non-current payables | 0 | 7,068 | |
Total non-current liabilities | 10,724,171 | 22,931,091 | |
Unidades de Fomento | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 10,786,277 | 15,225,597 | |
Trade and other non-current payables | 0 | 0 | |
Total non-current liabilities | 10,786,277 | 15,225,597 | |
Unidades de Fomento | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 131,315,290 | 59,157,406 | |
Trade and other non-current payables | 0 | 0 | |
Total non-current liabilities | 131,315,290 | 59,157,406 | |
US Dollar [Member] | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 8,059,332 | 0 | |
Trade and other non-current payables | 0 | 130,634 | |
Total non-current liabilities | 8,059,332 | 130,634 | |
US Dollar [Member] | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Trade and other non-current payables | 0 | 0 | |
Total non-current liabilities | 0 | 0 | |
US Dollar [Member] | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Trade and other non-current payables | 0 | 0 | |
Total non-current liabilities | 0 | 0 | |
Argentinean Pesos | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 1,727 | 2,611,407 | |
Other non-current provisions | 81,026 | 544,254 | |
Deferred tax liabilities | 2,839,763 | 735,208 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 2,922,516 | 3,890,869 | |
Argentinean Pesos | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Other non-current provisions | 281,654 | 0 | |
Deferred tax liabilities | 1,315,431 | 431,503 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 1,597,085 | 431,503 | |
Argentinean Pesos | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Other non-current provisions | 173,778 | 504,979 | |
Deferred tax liabilities | 10,490,282 | 2,703,872 | |
Provisions for employee benefits | 2,682,787 | 3,162,188 | |
Total non-current liabilities | 13,346,847 | 6,371,039 | |
Uruguay Peso en Unidades Indexadas [Member] | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 871,421 | 0 | |
Total non-current liabilities | 871,421 | 0 | |
Uruguay Peso en Unidades Indexadas [Member] | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Total non-current liabilities | 0 | 0 | |
Uruguay Peso en Unidades Indexadas [Member] | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Total non-current liabilities | 0 | 0 | |
Uruguayan Peso [Member] | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other non-current provisions | 139,218 | 133,904 | |
Deferred tax liabilities | 46,754 | 0 | |
Total non-current liabilities | 185,972 | 133,904 | |
Uruguayan Peso [Member] | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other non-current provisions | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Total non-current liabilities | 0 | 0 | |
Uruguayan Peso [Member] | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other non-current provisions | 0 | 0 | |
Deferred tax liabilities | 897,718 | 989,517 | |
Total non-current liabilities | 897,718 | 989,517 | |
Paraguayan Pesos [Member] | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Deferred tax liabilities | 52,656 | 35,748 | |
Provisions for employee benefits | 391,302 | 301,903 | |
Total non-current liabilities | 443,958 | 337,651 | |
Paraguayan Pesos [Member] | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Deferred tax liabilities | 8,200 | 8,580 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 8,200 | 8,580 | |
Paraguayan Pesos [Member] | Over 5 years | |||
Non-current liabilities [abstract] | |||
Deferred tax liabilities | 422,346 | 438,015 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 422,346 | 438,015 | |
Bolivianboliviano [Member] | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 1,743,952 | 0 | |
Trade and other non-current payables | 5,142 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Provisions for employee benefits | 867,372 | 0 | |
Total non-current liabilities | 2,616,466 | 0 | |
Bolivianboliviano [Member] | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 1,743,952 | 0 | |
Trade and other non-current payables | 0 | 0 | |
Deferred tax liabilities | 0 | 0 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 1,743,952 | 0 | |
Bolivianboliviano [Member] | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 3,487,900 | 0 | |
Trade and other non-current payables | 0 | 0 | |
Deferred tax liabilities | 2,426,924 | 0 | |
Provisions for employee benefits | 0 | 0 | |
Total non-current liabilities | 5,914,824 | 0 | |
Euros [Member] | Over 1 year to 3 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 157,028 | 0 | |
Total non-current liabilities | 157,028 | 0 | |
Euros [Member] | Over 3 years to 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Total non-current liabilities | 0 | 0 | |
Euros [Member] | Over 5 years | |||
Non-current liabilities [abstract] | |||
Other financial liabilities | 0 | 0 | |
Total non-current liabilities | $ 0 | $ 0 | |
[1] | See Note 5 – Risk administration non-discounted contractual cash flows. |
Contingencies and Commitments_2
Contingencies and Commitments (Details) $ in Thousands | Dec. 31, 2018CLP ($) |
Disclosure of commitments and contingent [Line Items] | |
Minimum lease payments payable under non-cancellable operating lease | $ 138,377,120 |
Within 1 year | |
Disclosure of commitments and contingent [Line Items] | |
Minimum lease payments payable under non-cancellable operating lease | 56,311,446 |
Between 1 and 5 years | |
Disclosure of commitments and contingent [Line Items] | |
Minimum lease payments payable under non-cancellable operating lease | 59,404,285 |
Over 5 years | |
Disclosure of commitments and contingent [Line Items] | |
Minimum lease payments payable under non-cancellable operating lease | $ 22,661,389 |
Contingencies and Commitments_3
Contingencies and Commitments (Details 1) $ in Thousands | Dec. 31, 2018CLP ($) |
Disclosure of commitments and contingent [Line Items] | |
Purchase and supply agreements | $ 1,308,840,601 |
Purchase and contract related to wine and grape | 28,719,446 |
Within 1 year | |
Disclosure of commitments and contingent [Line Items] | |
Purchase and supply agreements | 232,661,581 |
Purchase and contract related to wine and grape | 13,324,315 |
Between 1 and 5 years | |
Disclosure of commitments and contingent [Line Items] | |
Purchase and supply agreements | 839,140,078 |
Purchase and contract related to wine and grape | 15,158,909 |
Over 5 years | |
Disclosure of commitments and contingent [Line Items] | |
Purchase and supply agreements | 237,038,942 |
Purchase and contract related to wine and grape | $ 236,222 |
Contingencies and Commitments_4
Contingencies and Commitments (Details 2) - 12 months ended Dec. 31, 2018 $ in Thousands, $ in Thousands | CLP ($) | USD ($) |
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Aguas CCU-Nestlé Chile S.A. | |
Court |   | |
Legal proceeding one [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Comercial CCU S.A. | |
Court | Labour Court. | |
Description | Labor trial. | |
Status | Appeal of first instance verdict. | |
Estimated accrued loss contingency | $ 17,604 | |
Legal proceeding two [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Comercial CCU S.A. | |
Court | Labour Court. | |
Description | Labor trial. | |
Status | Appeal of first instance verdict. | |
Estimated accrued loss contingency | $ 21,268 | |
Legal proceeding three [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Comercial CCU S.A. | |
Court | Labour Court. | |
Description | Labor trial. | |
Status | Appeal of first instance verdict. | |
Estimated accrued loss contingency | $ 26,027 | |
Legal proceeding four [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Viña San Pedro Tarapacá S.A. | |
Court | Labour Court. | |
Description | Labor trial. | |
Status | Execution phase. | |
Estimated accrued loss contingency | $ 15,000 | |
Legal proceeding five [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | $ 17,000 | |
Legal proceeding six [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Ruling enforcement. | |
Estimated accrued loss contingency | 18,000 | |
Legal proceeding seven [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Commercial Court. | |
Description | Distributor claim for to the termination of distribution agreeent. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 38,000 | |
Legal proceeding eight [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 36,000 | |
Legal proceeding nine [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 39,000 | |
Legal proceeding ten [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 37,000 | |
Legal proceeding eleven [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 35,000 | |
Legal proceeding twelve [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 24,000 | |
Legal proceeding thirteen [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 39,000 | |
Legal proceeding fourteen [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Compañía Industrial Cervecera S.A. (CICSA) | |
Description | Several Tax claims. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 383,000 | |
Legal proceeding fifteen [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Saenz Briones & Cía S.A.I.C. | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 51,000 | |
Legal proceeding sixteen [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Saenz Briones & Cía S.A.I.C. | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | 42,000 | |
Legal Proceeding Seventeen [Member] | ||
Disclosure of commitments and contingent [Line Items] | ||
Subsidiary | Saenz Briones & Cía S.A.I.C. | |
Court | Labur Court. | |
Description | Labor trial. | |
Status | Evidentiary stage. | |
Estimated accrued loss contingency | $ 18,000 |
Contingencies and Commitments_5
Contingencies and Commitments (Details 3) - Compania Industrial Cervecera S.A. [Member] - Banco de la Nacion Argentin [Member] | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disclosure of commitments and contingent [Line Items] | |
Amount | $ 2,000,000 |
Due date | Dec. 26, 2019 |
Contingencies and Commitments_6
Contingencies and Commitments (Details 4) - Finca La Celia S.A. [Member] | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Banco Santander Rio [Member] | |
Disclosure of commitments and contingent [Line Items] | |
Amount | $ 500,000 |
Due date | Jun. 30, 2019 |
Banco Marco [Member] | |
Disclosure of commitments and contingent [Line Items] | |
Amount | $ 600,000 |
Due date | Jun. 30, 2019 |
Banco San Juan [Member] | |
Disclosure of commitments and contingent [Line Items] | |
Amount | $ 1,200,000 |
Due date | Jun. 30, 2019 |
Banco BBVA Frances [Member] | |
Disclosure of commitments and contingent [Line Items] | |
Amount | $ 1,500,000 |
Due date | Jun. 30, 2019 |
Banco Patagonia One [Member] | |
Disclosure of commitments and contingent [Line Items] | |
Amount | $ 1,600,000 |
Due date | Jun. 30, 2019 |
Banco Patagonia Two [Member] | |
Disclosure of commitments and contingent [Line Items] | |
Amount | $ 1,600,000 |
Due date | Jul. 7, 2021 |
Contingencies and Commitments_7
Contingencies and Commitments (Details Textual) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of commitments and contingent liabilities [Abstract] | |||
Capital commitments | $ 131,440,422 | $ 125,765,480 | $ 128,883,425 |
Explanation about the presentation of significant legal proceedings | all those present a possible risk of occurrence and causes whose committed amounts, individually, are more than ThCh$ 25,000. | ||
Legal proceedings provision | $ 893,631 | $ 1,300,695 |
Environment (Details)
Environment (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Environment [Line Items] | ||||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | |||
Cervecera CCU Chile Ltda. [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Cervecera CCU Chile Ltda. | Cervecera CCU Chile Ltda. | ||
Cervecera CCU Chile Ltda. [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 1,232,585 | $ 1,388,954 | $ 1,319,489 | |
Cervecera CCU Chile Ltda. [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 752,615 | 641,683 | 666,781 | |
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Gases | |||
Description of nature of expenses | Management of atmospheric emissions. | |||
Environmental related expenses | $ 36,581 | 16,687 | 21,655 | |
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 241,295 | $ 236,910 | 233,364 | |
CCU Argentina S.A. [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | CCU Argentina S.A. | CCU Argentina S.A. | ||
CCU Argentina S.A. [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 879,730 | $ 930,683 | 820,999 | |
CCU Argentina S.A. [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 501,979 | 527,248 | 560,710 | |
CCU Argentina S.A. [Member] | Gas emission expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Gases | |||
Description of nature of expenses | Management of atmospheric emissions. | |||
Environmental related expenses | $ 10,000 | 8,925 | 21,847 | |
CCU Argentina S.A. [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 101,691 | $ 201,726 | 141,379 | |
Cerveceria Kunstmann S.A. [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Cervecería Kunstmann S.A. | Cervecería Kunstmann S.A. | ||
Cerveceria Kunstmann S.A. [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 138,901 | $ 98,614 | 86,515 | |
Cerveceria Kunstmann S.A. [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 49,692 | 36,292 | 40,150 | |
Cerveceria Kunstmann S.A. [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 46,123 | $ 37,623 | 45,876 | |
Compania Pisquera de Chile SA [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Compañía Pisquera de Chile S.A. | Compañía Pisquera de Chile S.A. | ||
Compania Pisquera de Chile SA [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 205,743 | $ 207,922 | 237,994 | |
Compania Pisquera de Chile SA [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 59,239 | 55,341 | 43,059 | |
Compania Pisquera de Chile SA [Member] | Gas emission expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Gases | |||
Description of nature of expenses | Management of atmospheric emissions | |||
Environmental related expenses | $ 2,229 | 0 | 0 | |
Compania Pisquera de Chile SA [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 11,583 | 14,280 | 12,582 | |
Transportes CCU Ltda. [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Transportes CCU Ltda. | |||
Transportes CCU Ltda. [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 18,346 | 0 | 9,792 | |
Transportes CCU Ltda. [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 459,512 | 388,198 | 288,856 | |
Transportes CCU Ltda. [Member] | Gas emission expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Gases | |||
Description of nature of expenses | Management of atmospheric emissions. | |||
Environmental related expenses | $ 11,950 | 7,544 | 13,356 | |
Transportes CCU Ltda. [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 206,114 | $ 155,951 | 141,138 | |
Vina San Pedro Tarapaca S.A [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Viña San Pedro Tarapacá S.A. (*) (10) | [1] | VSPT S.A. | |
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 395,845 | $ 417,134 | 454,828 | |
Vina San Pedro Tarapaca S.A [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 87,132 | 202,204 | 165,697 | |
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 183,360 | $ 21,916 | 10,916 | |
Embotelladoras Chilenas Unidas S.A. [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Embotelladoras Chilenas Unidas S.A. | Embotelladoras Chilenas Unidas S.A. | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 676,991 | $ 653,910 | 593,414 | |
Embotelladoras Chilenas Unidas S.A. [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 154,753 | 623,732 | 421,771 | |
Embotelladoras Chilenas Unidas S.A. [Member] | Gas emission expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Gases | |||
Description of nature of expenses | Management of atmospheric emissions | |||
Environmental related expenses | $ 12,193 | 16,400 | 14,305 | |
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 110,952 | $ 119,226 | 156,295 | |
Aguas CCU-Nestle Chile S.A. [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | Aguas CCU-Nestlé S.A. | ||
Aguas CCU-Nestle Chile S.A. [Member] | Industrial waste water treatment [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | IWWT | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | |||
Environmental related expenses | $ 50,354 | $ 19,453 | 35,550 | |
Aguas CCU-Nestle Chile S.A. [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 57,158 | 10,818 | 3,910 | |
Aguas CCU-Nestle Chile S.A. [Member] | Gas emission expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Gases | |||
Description of nature of expenses | Management of atmospheric emissions | |||
Environmental related expenses | $ 270 | 400 | 0 | |
Aguas CCU-Nestle Chile S.A. [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 57,015 | $ 67,023 | 69,330 | |
Fabrica de Envases Plasticos S.A. [Member] | ||||
Environment [Line Items] | ||||
Name of subsidiary | Fábrica de Envases Plásticos S.A. | Fábrica de Envases Plásticos S.A. | ||
Fabrica de Envases Plasticos S.A. [Member] | Solid industrial residues [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | SIR | |||
Description of nature of expenses | Solid waste (SIR) and hazardous waste (ResPel) management. | |||
Environmental related expenses | $ 198,890 | $ 175,805 | 129,487 | |
Fabrica de Envases Plasticos S.A. [Member] | Other environmental expenses [Member] | ||||
Environment [Line Items] | ||||
Number of derivative agreements | Others | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | |||
Environmental related expenses | $ 17,323 | $ 21,973 | $ 21,410 | |
[1] | Listed company in Chile. |
Environment (Details 1)
Environment (Details 1) - CLP ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | ||
Cervecera CCU Chile Ltda. [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Cervecera CCU Chile Ltda. | Cervecera CCU Chile Ltda. | |
Cervecera CCU Chile Ltda. [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
Cervecera CCU Chile Ltda. [Member] | Industrial waste water treatment [Member] | IWWT Plant Expansion Screw Temuco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | IWWT | |
Description of nature of expenses | IWWT Plant expansion (Screw) Temuco | IWWT Plant expansion (Screw) Temuco | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 0 | $ 2,941 | |
Commitments for disbursements in project | $ 774 | $ 774 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cervecera CCU Chile Ltda. [Member] | Industrial waste water treatment [Member] | Closed wastewater torch Quilicura | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Closed wastewater torch Quilicura | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 23,810 | ||
Commitments for disbursements in project | $ 704 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cervecera CCU Chile Ltda. [Member] | Industrial waste water treatment [Member] | Stage 1 IWWT Plant Temuco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | IWWT | |
Description of nature of expenses | Stage 1 IWWT Plant Temuco | Stage 1 IWWT Plant Temuco | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 21,646 | $ 259,733 | |
Commitments for disbursements in project | $ 53,433 | $ 38,639 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cervecera CCU Chile Ltda. [Member] | Industrial waste water treatment [Member] | Replacement anaerobic reactor cells Temuco | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | IWWT | |
Description of nature of expenses | Replacement anaerobic reactor cells Temuco | Replacement anaerobic reactor cells Temuco | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 102,513 | $ 19,960 | |
Commitments for disbursements in project | $ 20,651 | $ 0 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cervecera CCU Chile Ltda. [Member] | Solid Industrial Waste [Member] | Raw material and L1, L3 waste management | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | SIW | ||
Description of nature of expenses | Raw material and L1, L3 waste management | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 46,500 | ||
Commitments for disbursements in project | $ 0 | ||
Cervecera CCU Chile Ltda. [Member] | Solid Industrial Waste [Member] | Increase capacity of waste container [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | SIW | ||
Description of nature of expenses | Increase capacity of waste container | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 7,632 | ||
Commitments for disbursements in project | $ 0 | ||
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of atmospheric emissions. | ||
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | Change Fuel FO6 to GNL Temuco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Change Fuel FO6 to GNL Temuco | Change Fuel FO6 to GNL Temuco | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 2,576 | $ 58,432 | |
Commitments for disbursements in project | $ 3,362 | $ 5,930 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | Boiler 1 and 2 economizer [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Boiler 1 and 2 economizer | Boiler 1 and 2 economizer | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 70,767 | $ 22,387 | |
Commitments for disbursements in project | $ 15,841 | $ 14,510 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | Thermal Plant Improvements Quilicura [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Thermal Plant Improvements Quilicura | Thermal Plant Improvements Quilicura | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 2,958 | $ 26,387 | |
Commitments for disbursements in project | $ 0 | $ 2,948 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | Recover biogas From IWWT Plant 2 Temuco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Recover biogas from IWWT Plant 2 Temuco | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 64,840 | ||
Commitments for disbursements in project | $ 48,018 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | Replacement boiler 2 to Low Nox Quilicura [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Replacement boiler 2 to Low Nox Quilicura | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 840,385 | ||
Commitments for disbursements in project | $ 96,105 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cervecera CCU Chile Ltda. [Member] | Gas emission expenses [Member] | Steam consumption improvements [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Steam consumption improvements | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 7,903 | ||
Commitments for disbursements in project | $ 0 | ||
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | SEC Certification of Biogas plant Quilicura [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | SEC Certification of Biogas' plant Quilicura | SEC Certification of Biogas' plant Quilicura | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 133,016 | $ 116,555 | |
Commitments for disbursements in project | $ 2,740 | $ 54,382 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | DS 10 Compliance Quilicura [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | DS 10 compliance Quilicura | DS 10 compliance Quilicura | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 29,083 | $ 102,219 | |
Commitments for disbursements in project | $ 0 | $ 14,643 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | Sanitary Permits Compliance Quilicura [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | Sanitary Permits Compliance Quilicura | Sanitary Permits Compliance Quilicura | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 2,342 | $ 8,569 | |
Commitments for disbursements in project | $ 2,032 | $ 16,866 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | Normalization to DS 78 Quilicura [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | Normalization to DS 78 Quilicura | Normalization to DS 78 Quilicura | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 8,723 | $ 127,078 | |
Commitments for disbursements in project | $ 0 | $ 0 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | Ammonia tank protection Temuco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | Ammonia tank protection Temuco | Ammonia tank protection Temuco | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 3,221 | $ 19,257 | |
Commitments for disbursements in project | $ 0 | $ 3,221 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | New NH3 standard [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | New NH3 standard | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 0 | ||
Commitments for disbursements in project | $ 6,230 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | Fire sensors [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Fire sensors | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 39,141 | ||
Commitments for disbursements in project | $ 0 | ||
Cervecera CCU Chile Ltda. [Member] | Other environmental expenses [Member] | DS 43 Hazardous substances [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | DS 43 Hazardous substances | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 33,802 | ||
Commitments for disbursements in project | $ 70,935 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
CCU Argentina S.A. [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | CCU Argentina S.A. | CCU Argentina S.A. | |
CCU Argentina S.A. [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
CCU Argentina S.A. [Member] | Industrial waste water treatment [Member] | IWWT Stage 3 Salta [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | IWWT | |
Description of nature of expenses | IWWT Stage 3 Salta | IWWT Stage 3 Salta | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 330,610 | $ 153,169 | |
Commitments for disbursements in project | $ 0 | $ 109,047 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
CCU Argentina S.A. [Member] | Industrial waste water treatment [Member] | Tanker EQ Lujan [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Tanker EQ Lujan | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 0 | ||
Commitments for disbursements in project | $ 141 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
CCU Argentina S.A. [Member] | Industrial waste water treatment [Member] | IWWT Stage 2 Salta [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | IWWT Stage 2 Salta | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 3,103 | ||
Commitments for disbursements in project | $ 0 | ||
CCU Argentina S.A. [Member] | Gas emission expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of atmospheric emissions. | ||
CCU Argentina S.A. [Member] | Gas emission expenses [Member] | Boiler 1 Economizer Lujan [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Boiler 1 Economizer Lujan | Boiler 1 Economizer Luján | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 4,088 | $ 17,741 | |
Commitments for disbursements in project | $ 7,191 | $ 0 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
CCU Argentina S.A. [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
CCU Argentina S.A. [Member] | Other environmental expenses [Member] | Installation Modification NH3 Salta [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Installation Modification NH3 Salta | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 27,152 | ||
Commitments for disbursements in project | $ 70,229 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
CCU Argentina S.A. [Member] | Other environmental expenses [Member] | NH3 adaptation installation Salta [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | NH3 adaptation installation Salta | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 9,102 | ||
Commitments for disbursements in project | $ 0 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cerveceria Kunstmann S.A. [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Cervecería Kunstmann S.A. | Cervecería Kunstmann S.A. | |
Cerveceria Kunstmann S.A. [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
Cerveceria Kunstmann S.A. [Member] | Industrial waste water treatment [Member] | New IWWT Plant – IC Technology [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | IWWT | |
Description of nature of expenses | New IWWT Plant – IC Technology | New IWWT Plant – IC Technology | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 193,634 | $ 814,127 | |
Commitments for disbursements in project | $ 93,571 | $ 112,745 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Cerveceria Kunstmann S.A. [Member] | Industrial waste water treatment [Member] | IWWT Secondary plant and discharge [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | IWWT Secondary plant and discharge | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 461 | ||
Commitments for disbursements in project | $ 66,820 | ||
Cerveceria Kunstmann S.A. [Member] | Solid Industrial Waste [Member] | Biofilter of Earthworms [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | SIW | ||
Description of nature of expenses | Biofilter of Earthworms | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 86,619 | ||
Commitments for disbursements in project | $ 3 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cerveceria Kunstmann S.A. [Member] | Gas emission expenses [Member] | Thermal energy saving plan [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Thermal energy saving plan | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 24,656 | ||
Commitments for disbursements in project | $ 8,094 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cerveceria Kunstmann S.A. [Member] | Gas emission expenses [Member] | Electric energy saving plan [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Electric energy saving plan | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 7,953 | ||
Commitments for disbursements in project | $ 7,763 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Cerveceria Kunstmann S.A. [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Cerveceria Kunstmann S.A. [Member] | Other environmental expenses [Member] | FEI, Plant Insurance normalization [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | FEI,  Plant Insurance normalization | FEI,  Plant Insurance normalization | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 52,085 | $ 96,341 | |
Commitments for disbursements in project | $ 0 | $ 82,265 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Compania Pisquera de Chile SA [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Compañía Pisquera de Chile S.A. | Compañía Pisquera de Chile S.A. | |
Compania Pisquera de Chile SA [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
Compania Pisquera de Chile SA [Member] | Gas emission expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of atmospheric emissions | ||
Compania Pisquera de Chile SA [Member] | Gas emission expenses [Member] | Boiler 4 Ton/h Salamanca [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Boiler 4 Ton/h Salamanca | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 2,608 | ||
Commitments for disbursements in project | $ 170,634 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Compania Pisquera de Chile SA [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Vina San Pedro Tarapaca S.A [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Viña San Pedro Tarapacá S.A. (*) (10) | [1] | VSPT S.A. |
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | IWWT adaptation Isla de Maipo [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | IWWT adaptation Isla de Maipo | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 1,989 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | Hydrocarbons separation tank Isla de Maipo [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Hydrocarbons separation tank Isla de Maipo | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 0 | ||
Commitments for disbursements in project | $ 627 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | Sedimentation and accumulation IWWT Plant Isla de Maipo [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Sedimentation and accumulation IWWT Plant Isla de Maipo | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 2,600 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | IWWT emergency pipe [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | IWWT emergency pipe | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 8,374 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | IWWT Plant Lighting [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | IWWT | |
Description of nature of expenses | IWWT Plant Lighting | IWWT Plant Lighting | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 1,937 | $ 1,487 | |
Commitments for disbursements in project | $ 0 | $ 1,937 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | IWWT adaptation IM [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | IWWT adaptation IM | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 37,561 | ||
Commitments for disbursements in project | $ 1,989 | ||
Estimated completion date of project | Dec. 31, 2018 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | Hydrocarbons separation tank IM [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Hydrocarbons separation tank IM | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 929 | ||
Commitments for disbursements in project | $ 627 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | Sedimentation and accumulation IWWT Plant IM [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Sedimentation and accumulation IWWT Plant IM | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 4,035 | ||
Commitments for disbursements in project | $ 1,477 | ||
Estimated completion date of project | Dec. 31, 2018 | ||
Vina San Pedro Tarapaca S.A [Member] | Industrial waste water treatment [Member] | IWWT Pool aerators [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | IWWT Pool aerators | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 13,177 | ||
Commitments for disbursements in project | $ 1,300 | ||
Vina San Pedro Tarapaca S.A [Member] | Solid Industrial Waste [Member] | Compost Container [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | SIW | ||
Description of nature of expenses | Compost Container | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 2,750 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Solid Industrial Waste [Member] | Compost Container (2) [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | SIW | ||
Description of nature of expenses | Compost Container (2) | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 6,050 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Solid Industrial Waste [Member] | Waste Container [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | SIW | ||
Description of nature of expenses | Waste Container | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 3,200 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Gas emission expenses [Member] | Insulation piping refrigeration / heating Molina [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Insulation piping refrigeration / heating Molina | Insulation piping refrigeration / heating Molina | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 14,860 | $ 779 | |
Commitments for disbursements in project | $ 0 | $ 14,860 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Vina San Pedro Tarapaca S.A [Member] | Gas emission expenses [Member] | Insulation piping refrigeration Isla de Maipo [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Insulation piping refrigeration Isla de Maipo | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 6,233 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Gas emission expenses [Member] | Power Meters [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Power Meters | Power Meters | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 510 | $ 8,417 | |
Commitments for disbursements in project | $ 0 | $ 0 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | Clousure of IWWT [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Clousure of IWWT | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 1,477 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | Container spill CIP-chemical products [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Container spill CIP-chemical products | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 9,429 | ||
Commitments for disbursements in project | $ 2,561 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | Sulfur Warehouse VI [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Sulfur Warehouse VI | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 5,880 | ||
Commitments for disbursements in project | $ 1,010 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | Fire incident workshop Isla de Maipo [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Fire incident workshop Isla de Maipo | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 54,738 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | Close IWWT/Infrastructure [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | Close IWWT/Infrastructure | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 6,890 | ||
Commitments for disbursements in project | $ 0 | ||
Estimated completion date of project | Dec. 31, 2018 | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | Hazardous waste warehouse expansion [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | Hazardous waste warehouse expansion | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 8,424 | ||
Commitments for disbursements in project | $ 0 | ||
Vina San Pedro Tarapaca S.A [Member] | Other environmental expenses [Member] | Sulfur warehouse [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | Sulfur warehouse | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 4,389 | ||
Commitments for disbursements in project | $ 0 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Embotelladoras Chilenas Unidas S.A. | Embotelladoras Chilenas Unidas S.A. | |
Embotelladoras Chilenas Unidas S.A. [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Industrial waste water treatment [Member] | Plant improvement of wastewater [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Plant improvement of wastewater | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 45,698 | ||
Commitments for disbursements in project | $ 9,543 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Industrial waste water treatment [Member] | Reverse osmosis plant water recovery [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Reverse osmosis plant water recovery | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 6,000 | ||
Commitments for disbursements in project | $ 0 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Industrial waste water treatment [Member] | Neutralization System IWWT Modelo [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Neutralization System IWWT Modelo | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 2,313 | ||
Commitments for disbursements in project | $ 34,690 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Industrial waste water treatment [Member] | Recovery solutions CIP [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Recovery solutions CIP | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 3,473 | ||
Commitments for disbursements in project | $ 0 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Gas emission expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of atmospheric emissions | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Gas emission expenses [Member] | Offset NOX - NPX [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Offset NOX - NPX | Offset NOX - NPX | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 47,953 | $ 1,486 | |
Commitments for disbursements in project | $ 0 | $ 48,553 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Gas emission expenses [Member] | Automatic Purges Boilers I Modelo [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Automatic Purges Boilers I Modelo | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 42,807 | ||
Commitments for disbursements in project | $ 3,635 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Gas emission expenses [Member] | Condensate Recovery [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Condensate Recovery | Condensate Recovery | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 1,079 | $ 47,224 | |
Commitments for disbursements in project | $ 0 | $ 0 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Gas emission expenses [Member] | Change Lighting System [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Change Lighting System | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 33,873 | ||
Commitments for disbursements in project | $ 0 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Chemical substances warehouse [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Chemical substances warehouse | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 8,400 | ||
Commitments for disbursements in project | $ 28,371 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Certification steam networks Antofagasta [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Certification steam networks, Antofagasta | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 10,521 | ||
Commitments for disbursements in project | $ 0 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Normalization CondSantiago Plant [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Normalization Cond.  Santiago Plant | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 4,601 | ||
Commitments for disbursements in project | $ 0 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | New hazardous waste warehouse [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | New hazardous waste warehouse | New hazardous waste warehouse | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 16,659 | $ 11,562 | |
Commitments for disbursements in project | $ 3,502 | $ 13,176 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Authorization DS 10 [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | Authorization DS 10 | Authorization DS 10 | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 45,739 | $ 27,576 | |
Commitments for disbursements in project | $ 3,999 | $ 5,274 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Legal Regularization of tanks [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | Legal Regularization of tanks | Legal Regularization of tanks | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 57,188 | $ 9,391 | |
Commitments for disbursements in project | $ 3,105 | $ 40,541 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Second stage fire network Antofagasta [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | 2nd stage fire network Antofagasta | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 47,193 | ||
Commitments for disbursements in project | $ 2,807 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Fire network [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Fire network | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 133,381 | ||
Commitments for disbursements in project | $ 6,416 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Up grade ammonia system [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | Up grade ammonia system | Up grade ammonia system | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 58,209 | $ 98,070 | |
Commitments for disbursements in project | $ 9,389 | $ 50,656 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | Regularizations [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | Regularizations | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 93,766 | ||
Commitments for disbursements in project | $ 0 | ||
Estimated completion date of project | Dec. 31, 2018 | ||
Embotelladoras Chilenas Unidas S.A. [Member] | Other environmental expenses [Member] | SEC Electric Regularization [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | SEC Electric Regularization | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 29,499 | ||
Commitments for disbursements in project | $ 0 | ||
Aguas CCU-Nestle Chile S.A. [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Aguas CCU-Nestlé Chile S.A. | Aguas CCU-Nestlé S.A. | |
Aguas CCU-Nestle Chile S.A. [Member] | Flammable Warehouse Coinco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | Flammable Warehouse Coinco | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 4,939 | ||
Commitments for disbursements in project | $ 0 | ||
Estimated completion date of project | Dec. 31, 2018 | ||
Aguas CCU-Nestle Chile S.A. [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
Aguas CCU-Nestle Chile S.A. [Member] | Industrial waste water treatment [Member] | IWWT Plant Coinco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | IWWT | |
Description of nature of expenses | IWWT Plant Coinco | IWWT Plant Coinco | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 427,153 | $ 262,719 | |
Commitments for disbursements in project | $ 60,942 | $ 226,538 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Aguas CCU-Nestle Chile S.A. [Member] | Gas emission expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of atmospheric emissions | ||
Aguas CCU-Nestle Chile S.A. [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Aguas CCU-Nestle Chile S.A. [Member] | Other environmental expenses [Member] | Flammable Warehouse Coinco [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Flammable Warehouse Coinco | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 95,685 | ||
Commitments for disbursements in project | $ 0 | ||
Aguas CCU-Nestle Chile S.A. [Member] | Other environmental expenses [Member] | Fire Brigade Equipment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Fire Brigade Equipment | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 3,791 | ||
Commitments for disbursements in project | $ 0 | ||
Fabrica de Envases Plasticos S.A. [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Fábrica de Envases Plásticos S.A. | Fábrica de Envases Plásticos S.A. | |
Fabrica de Envases Plasticos S.A. [Member] | Solid Industrial Waste [Member] | Improvement in Waste Management [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | SIW | ||
Description of nature of expenses | Improvement in Waste Management | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 0 | ||
Commitments for disbursements in project | $ 2,921 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Fabrica de Envases Plasticos S.A. [Member] | Gas emission expenses [Member] | Control of electrical variables [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | Gases | |
Description of nature of expenses | Control of electrical variables | Control of electrical variables | |
Disclosure of status of project | In process | In process | |
Investments other than investments accounted for using equity method | $ 0 | $ 3,288 | |
Commitments for disbursements in project | $ 50 | $ 50 | |
Estimated completion date of project | Dec. 31, 2019 | Dec. 31, 2019 | |
Fabrica de Envases Plasticos S.A. [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Fabrica de Envases Plasticos S.A. [Member] | Other environmental expenses [Member] | Bottle cap Plant Chiller [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Bottle cap Plant Chiller | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 148,558 | ||
Commitments for disbursements in project | $ 45,465 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Fabrica de Envases Plasticos S.A. [Member] | Other environmental expenses [Member] | RE 43 compliance [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | Other | |
Description of nature of expenses | RE 43 compliance | RE 43 compliance | |
Disclosure of status of project | Finished | In process | |
Investments other than investments accounted for using equity method | $ 17,043 | $ 6,803 | |
Commitments for disbursements in project | $ 0 | $ 11,853 | |
Estimated completion date of project | Dec. 31, 2018 | ||
Fabrica de Envases Plasticos S.A. [Member] | Other environmental expenses [Member] | Fire network improvement [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Fire network improvement | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 144,145 | ||
Commitments for disbursements in project | $ 34,339 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Transportes CCU Ltda. [Member] | |||
Disclosure of Environment [Line Items] | |||
Name of subsidiary | Transportes CCU Ltda. | ||
Transportes CCU Ltda. [Member] | Industrial waste water treatment [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Maintenance and control of the Industrial Waste Water Treatment Plants (IWWT). | ||
Transportes CCU Ltda. [Member] | Gas emission expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of atmospheric emissions. | ||
Transportes CCU Ltda. [Member] | Other environmental expenses [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of nature of expenses | Management of internal and external regulatory compliance. | ||
Transportes CCU Ltda. [Member] | Other environmental expenses [Member] | Acoustic isolation [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Other | ||
Description of nature of expenses | Acoustic isolation | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 1,106 | ||
Commitments for disbursements in project | $ 0 | ||
Ca Pisquera de Chile SA [Member] | Industrial waste water treatment [Member] | IWWT Hydro Ejectors Montepatria [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | IWWT Hydro Ejectors Montepatria | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 41,925 | ||
Commitments for disbursements in project | $ 0 | ||
Ca Pisquera de Chile SA [Member] | Industrial waste water treatment [Member] | Washing water treatment plant [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Washing water treatment plant | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 0 | ||
Commitments for disbursements in project | $ 14,000 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Ca Pisquera de Chile SA [Member] | Industrial waste water treatment [Member] | Geo membrane HDPE replacement [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | IWWT | ||
Description of nature of expenses | Geo membrane HDPE replacement | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 8,256 | ||
Commitments for disbursements in project | $ 0 | ||
Ca Pisquera de Chile SA [Member] | Gas emission expenses [Member] | Boiler 4 Ton/h Salamanca [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Gases | ||
Description of nature of expenses | Boiler 4 Ton/h Salamanca | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 312,841 | ||
Commitments for disbursements in project | $ 10,771 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Ca Pisquera de Chile SA [Member] | Other environmental expenses [Member] | FEI Monte Patria [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | FEI Monte Patria | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 268,624 | ||
Commitments for disbursements in project | $ 21,480 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
Ca Pisquera de Chile SA [Member] | Other environmental expenses [Member] | Normative compliance de Coct [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | Normative compliance de Coct | ||
Disclosure of status of project | Finished | ||
Investments other than investments accounted for using equity method | $ 4,040 | ||
Commitments for disbursements in project | $ 0 | ||
Ca Pisquera de Chile SA [Member] | Other environmental expenses [Member] | DIA Salamanca Plant [Member] | |||
Disclosure of Environment [Line Items] | |||
Description of name of project | Others | ||
Description of nature of expenses | DIA Salamanca Plant | ||
Disclosure of status of project | In process | ||
Investments other than investments accounted for using equity method | $ 0 | ||
Commitments for disbursements in project | $ 22,634 | ||
Estimated completion date of project | Dec. 31, 2019 | ||
[1] | Listed company in Chile. |
Environment (Details Textual)
Environment (Details Textual) | 12 Months Ended |
Dec. 31, 2018 | |
Industrial waste water treatment [Member] | |
Disclosure of Environment [Line Items] | |
Percentage of distribution of environmental costs | 51.64% |
Solid industrial residues [Member] | |
Disclosure of Environment [Line Items] | |
Percentage of distribution of environmental costs | 33.31% |
Gas emission expenses [Member] | |
Disclosure of Environment [Line Items] | |
Percentage of distribution of environmental costs | 1.05% |
Other environmental expenses [Member] | |
Disclosure of Environment [Line Items] | |
Percentage of distribution of environmental costs | 14.00% |