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RELATED PARTY DISCLOSURES
12 Months Ended
Dec. 31, 2017
RELATED PARTY DISCLOSURES  
RELATED PARTY DISCLOSURES

 

NOTE 11 — RELATED PARTY DISCLOSURES

 

Balances and main transactions with related parties are detailed as follows:

 

11.1Accounts receivable:

 

11.1.1Current:

 

Taxpayer ID

 

Company

 

Relationship

 

Country
of origin

 

Currency

 

12.31.2017

 

12.31.2016

 

 

 

 

 

 

 

 

 

 

 

ThCh$

 

ThCh$

 

96.891.720-K

 

Embonor S.A.

 

Related to Shareholder

 

Chile

 

Chilean pesos

 

4,220,936

 

5,283,410

 

96.517.210-2

 

Embotelladora Iquique S.A.

 

Related to Shareholder

 

Chile

 

Chilean pesos

 

303,866

 

307,848

 

76.572.588-7

 

Coca Cola del Valle New Ventures S.A.

 

Associate

 

Chile

 

Chilean pesos

 

647.342

 

180,000

 

96.919.980-7

 

Cervecería Austral S.A.

 

Related to director

 

Chile

 

Dollars

 

16,674

 

13,827

 

77.755.610-k

 

Comercial Patagona Ltda.

 

Related to director

 

Chile

 

Chilean pesos

 

 

3,598

 

Foreign

 

Servicios y Productos para Bebidas Refrescantes S.R.L.

 

Shareholder

 

Argentina

 

Argentine pesos

 

181,414

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

5,370,232

 

5,788,683

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.1.2Non-current:

 

Taxpayer ID

 

Company

 

Relationship

 

Country
of origin

 

Currency

 

12.31.2017

 

12.31.2016

 

 

 

 

 

 

 

 

 

 

 

ThCh$

 

ThCh$

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Chilean pesos

 

156,492

 

147,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

156,492

 

147,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.2Accounts payable:

 

11.2.1Current:

 

Taxpayer ID

 

Company

 

Relationship

 

Country of
origin

 

Currency

 

12.31.2017

 

12.31.2016

 

 

 

 

 

 

 

 

 

 

 

ThCh$

 

ThCh$

 

Foreign

 

Recofarma do Industrias Amazonas Ltda,

 

Related to Shareholder

 

Brazil

 

Brazilian real

 

15,891,797

 

17,345,806

 

Foreign

 

Servicio y Productos para Bebidas Refrescantes S.R.L.

 

Shareholder

 

Argentina

 

Argentine pesos

 

 

10,275,931

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Chilean pesos

 

12,458,055

 

7,284,499

 

Foreign

 

Leão Alimentos e Bebidas Ltda.

 

Associate

 

Brazil

 

Brazilian real

 

2,539,052

 

3,571,514

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Chilean pesos

 

2,807,572

 

5,338,180

 

89.996.200-1

 

Envases del Pacífico S.A.

 

Related to director

 

Chile

 

Chilean pesos

 

193,685

 

304,405

 

Foreign

 

Alimentos de Soja S.A.U.

 

Related to Shareholder

 

Argentina

 

Argentine pesos

 

71,276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

33,961.437

 

44,120,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.3Transactions:

 

Taxpayer ID

 

Company

 

Relationship

 

Country of
origin

 

Description of transaction

 

Currency

 

Cumulative 
12.31.2017

 

 

 

 

 

 

 

 

 

 

 

 

 

ThCh$

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Purchase of concentrates

 

Chilean pesos

 

140.609.445

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Purchase of advertising services

 

Chilean pesos

 

1.823.190

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Lease of water fountain

 

Chilean pesos

 

2.989.115

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Sale of raw materials and other

 

Chilean pesos

 

2.163.225

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Purchase of bottles

 

Chilean pesos

 

20.865.624

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Purchase of raw materials

 

Chilean pesos

 

12.617.540

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Purchase of caps

 

Chilean pesos

 

477.188

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Purchase services and others

 

Chilean pesos

 

357.456

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Sale services and others

 

Chilean pesos

 

14.944

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Purchase of packaging

 

Chilean pesos

 

2.960.894

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Sale of packaging and raw materials

 

Chilean pesos

 

2.942.690

 

96.891.720-K

 

Embonor S.A.

 

Related to Shareholder

 

Chile

 

Sale of finished products

 

Chilean pesos

 

42.561.124

 

96.517.310-2

 

Embotelladora Iquique S.A.

 

Related to Shareholder

 

Chile

 

Sale of finished products

 

Chilean pesos

 

2.650.329

 

89.996.200-1

 

Envases del Pacífico S.A.

 

Related to director

 

Chile

 

Purchase of raw materials and materials

 

Chilean pesos

 

1.676.013

 

94.627.000-8

 

Parque Arauco S.A.

 

Related to director

 

Chile

 

Rent of spaces

 

Chilean pesos

 

90.032

 

99.279.000-8

 

Euroamerica Seguros de Vida S.A.

 

Related to director

 

Chile

 

Purchase of insurance policies

 

Chilean pesos

 

312.231

 

Foreign

 

Recofarma do Industrias Amazonas Ltda.

 

Related to Shareholder

 

Brazil

 

Purchase of concentrates

 

Chilean pesos

 

196.738.018

 

Foreign

 

Recofarma do Industrias Amazonas Ltda.

 

Related to Shareholder

 

Brazil

 

Refund and other purchases

 

Chilean pesos

 

5.099.040

 

Foreign

 

Servicio y Productos para Bebidas Refrescantes S.R.L.

 

Shareholder

 

Argentina

 

Purchase of concentrates

 

Argentine pesos

 

272.541.272

 

Foreign

 

Servicio y Productos para Bebidas Refrescantes S.R.L.

 

Shareholder

 

Argentina

 

Advertising participation payment

 

Argentine pesos

 

12.584.231

 

Foreign

 

KAIK Participações

 

Associate

 

Brazil

 

Refund and other purchases

 

Brazilian real

 

6.614

 

Foreign

 

Leão Alimentos e Bebidas Ltda.

 

Associate

 

Brazil

 

Purchase of products

 

Brazilian real

 

104.103

 

Foreign

 

Coca-Cola Peru

 

Related to Shareholder

 

Peru

 

Purchase of concentrate and marketing recovery

 

U.S. dollar

 

7.147.534

 

Foreign

 

Sorocaba Refrescos S.A.

 

Associate

 

Brazil

 

Purchase of products

 

Brazilian real

 

574.881

 

89.862.200-2

 

Latam Airlines Group S.A.

 

Related to director

 

Chile

 

Sale of products

 

Chilean pesos

 

652.588

 

76.572.588-7

 

Coca Cola Del Valle New Ventures SA

 

Common Shareholder

 

Chile

 

Sale of services and others

 

Chilean pesos

 

1.444.162

 

Foreign

 

Trop Frutas do Brasil Ltda.

 

Associate

 

Brazil

 

Purchase of products

 

Brazilian real

 

317.565

 

Foreign

 

Alimentos de Soja S.A.U.

 

Related to Shareholder

 

Argentina

 

Payment of fees and services

 

Argentine pesos

 

538.546

 

 

 

Taxpayer ID

 

Company

 

Relationship

 

Country
of origin

 

Description of transaction

 

Currency

 

Cumulative
12.31.2016

 

 

 

 

 

 

 

 

 

 

 

 

 

ThCh$

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Purchase of concentrate

 

Chilean pesos

 

129,660,611

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Purchase of advertising services

 

Chilean pesos

 

7,154,023

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Lease of water fountain

 

Chilean pesos

 

3,740,351

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Sale of services and others

 

Chilean pesos

 

2,299,634

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Purchase of bottles

 

Chilean pesos

 

34,144,348

 

76.572.588.7

 

Coca-Cola del Valle New Ventures S.A.

 

Associate

 

Chile

 

Administrative and commercial services

 

Chilean pesos

 

180,000

 

96.891.720-K

 

Embonor S.A.

 

Associate

 

Chile

 

Sale of packaging materials

 

Chilean pesos

 

44,310,169

 

96.517.310-2

 

Embotelladora Iquique S.A.

 

Related to Shareholder

 

Chile

 

Sale of finished products

 

Chilean pesos

 

2,749,506

 

Foreign

 

Recofarma do Industrias Amazonas Ltda.

 

Related to Shareholder

 

Brazil

 

Sale of finished products

 

Chilean pesos

 

115,706,386

 

Foreign

 

Recofarma do Industrias Amazonas Ltda.

 

Related to Shareholder

 

Brazil

 

Purchase of concentrates

 

Brazilian real

 

25,675,184

 

Foreign

 

Leão Alimentos e Bebidas Ltda.

 

Related to Shareholder

 

Brazil

 

Advertising participation payment

 

Brazilian real

 

11,658,142

 

Foreign

 

Servicio y Productos para Bebidas Refrescantes S.R.L.

 

Associate

 

Argentina

 

Purchase of concentrates

 

Brazilian real

 

114,427,713

 

Foreign

 

Servicio y Productos para Bebidas Refrescantes S.R.L.

 

Shareholder

 

Argentina

 

Purchase of concentrates

 

Argentine pesos

 

14,680,603

 

89.996.200-1

 

Envases del Pacífico S.A.

 

Related to director

 

Chile

 

Advertising participation payment

 

Argentine pesos

 

1,751,011

 

Foreign

 

Coca-Cola Peru

 

Related to director

 

Peru

 

Purchase of raw materials

 

Chilean pesos

 

4,188,812

 

 

 

Taxpayer ID

 

Company

 

Relationship

 

Country
of origin

 

Description of transaction

 

Currency

 

Cumulative
12.31.2015

 

 

 

 

 

 

 

 

 

 

 

 

 

ThCh$

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Purchase of concentrates

 

Chilean pesos

 

131,381,786

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Purchase of advertising services

 

Chilean pesos

 

4,510,007

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Lease of water fountain

 

Chilean pesos

 

3,065,143

 

96.714.870-9

 

Coca-Cola de Chile S.A.

 

Shareholder

 

Chile

 

Sale of services and others

 

Chilean pesos

 

2,938,754

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Purchase of bottles

 

Chilean pesos

 

38,203,461

 

86.881.400-4

 

Envases CMF S.A.

 

Associate

 

Chile

 

Sale of packaging materials

 

Chilean pesos

 

1,946,094

 

96.891.720-K

 

Embonor S.A.

 

Related to Shareholder

 

Chile

 

Sale of finished products

 

Chilean pesos

 

42,147,579

 

96.517.310-2

 

Embotelladora Iquique S.A.

 

Related to Shareholder

 

Chile

 

Sale of finished products

 

Chilean pesos

 

2,888,054

 

Foreign

 

Recofarma do Industrias Amazonas Ltda.

 

Related to Shareholder

 

Brazil

 

Purchase of concentrates

 

Brazilian real

 

106,510,167

 

Foreign

 

Recofarma do Industrias Amazonas Ltda.

 

Related to Shareholder

 

Brazil

 

Advertising participation payment

 

Brazilian real

 

19,953,118

 

Foreign

 

Leao Alimentos e Bebidas Ltda.

 

Associate

 

Brazil

 

Purchase of concentrates

 

Brazilian real

 

16,963,602

 

Foreign

 

Servicio y Productos para Bebidas Refrescantes S.R.L.

 

Shareholder

 

Argentina

 

Purchase of concentrates

 

Argentine pesos

 

145,188,901

 

Foreign

 

Servicio y Productos para Bebidas Refrescantes S.R.L.

 

Shareholder

 

Argentina

 

Advertising participation payment

 

Argentine pesos

 

20,555,307

 

89.996.200-1

 

Envases del Pacífico S.A.

 

Related to director

 

Chile

 

Purchase of raw materials

 

Chilean pesos

 

1,662,803

 

Foreign

 

Coca-Cola Perú

 

Related to director

 

Perú

 

Sale of finished products

 

Chilean pesos

 

3,399,427

 

Foreign

 

Sorocaba Refrescos S. A.

 

Related to Shareholder

 

Brazil

 

Purchase of concentrates and advertising participation

 

Brazilian real

 

2,986,650

 

 

 

11.4Key management compensation

 

Salaries and benefits paid to the Company’s key management personnel including directors and managers are detailed as follows:

 

Description

 

12.31.2017

 

12.31.2016

 

12.31.2015

 

 

 

ThCh$

 

ThCh$

 

ThCh$

 

Executive wages, salaries and benefits

 

6,454,846

 

6,255,806

 

6,412,238

 

Director allowances

 

1,513,100

 

1,492,088

 

1,512,000

 

Termination of employment contracts benefits

 

 

79,027

 

192,920

 

Accrued benefit in last five years and paid during fiscal year

 

334,477

 

314,288

 

257,683

 

 

 

 

 

 

 

 

 

Total

 

8,302,423

 

8,141,209

 

8,374,841