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CURRENT AND DEFERRED INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2018
CURRENT AND DEFERRED INCOME TAXES |
Schedule of current tax assets |
Description |  | 12.31.2018 |  | 12.31.2017
|  | ThCh$ |  | ThCh$
Tax credits (*) |  | 2,532,056 |  | —
Total |  | 2,532,056 |  | —
(*) Tax credits correspond to income tax credits on training expenses, purchase of Property, plant and equipment, and donations.
Schedule of current tax payable |
Description |  | 12.31.2018 |  | 12.31.2017
|  | ThCh$ |  | ThCh$
Income tax expense |  | 9,338,612 |  | 3,184,965
Total |  | 9,338,612 |  | 3,184,965
Schedule of current and deferred income tax expenses |
Item |  | 12.31.2018 |  | 12.31.2017 |  | 12.31.2016
|  | ThCh$ |  | ThCh$ |  | ThCh$
Current income tax expense |  | 38,313,980 |  | 40,183,261 |  | 35,902,002
Current tax adjustment previous period |  | 312,403 |  | 137,455 |  | 534,392
Withholding tax expense foreign subsidiaries |  | 7,364,213 |  | 6,730,031 |  | 7,645,218
Other current tax expense (income) |  | 474,105 |  | (5,733) |  | 92,008
Current income tax expense |  | 46,464,701 |  | 47,045,014 |  | 44,173,620
Income (expense) for the creation and reversal of current tax difference (*) |  | 9,100,154 |  | 4,752,620 |  | 4,633,473
Expense (income) for deferred taxes |  | 9,100,154 |  | 4,752,620 |  | 4,633,473
Total income tax expense |  | 55,564,855 |  | 51,797,634 |  | 48,807,093
(*) It includes the effects for the adoption of IAS 29.
Schedule of the net cumulative balances of temporary differences that give rise to deferred tax assets and liabilities |
|  | 12.31.2018 |  | 12.31.2017
Temporary differences |  | Assets |  | Liabilities |  | Assets |  | Liabilities
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
Property, plant and equipment |  | 5,420,447 |  | 46,181,359 |  | 5,978,377 |  | 47,179,903
Obsolescence provision |  | 910,076 |  | 112,359 |  | 2,215,341 |  | 200,979
Employee benefits |  | 5,169,161 |  | 131,829 |  | 5,391,796 |  | —
Post-employment benefits |  | 90,941 |  | 1,014,354 |  | 61,155 |  | 1,020,522
Tax loss carried-forwards (1) |  | 9,137,392 |  | — |  | 10,056,534 |  | —
Tax Goodwill Brazil |  | 18,836,838 |  | — |  | 23,195,957 |  | —
Contingency provision |  | 26,796,262 |  | — |  | 31,177,351 |  | —
Foreign exchange differences (2) |  | 13,083,953 |  | — |  | 7,631,498 |  | —
Allowance for doubtful accounts |  | 1,262,977 |  | — |  | 1,155,542 |  | —
Coca-Cola incentives (Argentina) |  | 352,061 |  | — |  | 451,790 |  | —
Assets and liabilities for placement of bonds |  | — |  | 1,327,727 |  | — |  | 1,297,000
Lease liabilities |  | 1,328,320 |  | — |  | 1,083,010 |  | —
Inventories |  | 347,470 |  | — |  | 350,746 |  | —
Distribution rights |  | — |  | 173,273,994 |  | — |  | 163,850,599
Others |  |  |  | 5,940,224 |  | 3,729,093 |  | 920,772
Subtotal |  | 82,735,898 |  | 227,981,846 |  | 92,478,190 |  | 214,469,775
Total Assets and net liabilities |  | — |  | 145,245,948 |  | 3,212,981 |  | 125,204,566
| (1) |  | Tax losses mainly associated with the subsidiary Embotelladora Andina Chile S.A. In Chile tax losses have no expiration date
| (2) |  | Corresponds to differed taxes for exchange rate differences generated on the translation of debt expressed in foreign currency in the subsidiary Rio de Janeiro Refrescos Ltda. and which for tax purposes are recognized in Brazil when incurred. This item also includes the effects of the differences generated in the appraisal of forward contracts.
Schedule of movement in deferred income tax accounts |
Item |  | 12.31.2018 |  | 12.31.2017 |  | 12.31.2016
|  | ThCh$ |  | ThCh$ |  | ThCh$
Opening Balance |  | 121,991,585 |  | 125,608,802 |  | 130,201,701
Increase (decrease) in deferred tax |  | 11,303,016 |  | (3,417,011) |  | (6,409,481)
Increase (decrease) due to foreign currency translation (*) |  | 11,951,347 |  | (200,206) |  | 1,816,582
Movements |  | 23,254,363 |  | (3,617,217) |  | (4,592,899)
Ending balance |  | 145,245,948 |  | 121,991,585 |  | 125,608,802
(*) It includes the effects for the adoption of IAS 29.
Schedule of composition of domestic and foreign tax expense |
Income tax |  | 12.31.2018 |  | 12.31.2017 |  | 12.31.2016
|  | ThCh$ |  | ThCh$ |  | ThCh$
Current income taxes |  |  |  |  |  |
Foreign |  | (24,442,984) |  | (30,258,395) |  | (24,752,106)
Domestic |  | (22,021,717) |  | (16,786,619) |  | (19,421,514)
Current income tax expense |  | (46,464,701) |  | (47,045,014) |  | (44,173,620)
Deferred income taxes |  |  |  |  |  |
Foreign |  | (9,121,332) |  | (4,667,982) |  | (4,291,287)
Domestic |  | 21,178 |  | (84,638) |  | (342,186)
Deferred income tax expense |  | (9,100,154) |  | (4,752,620) |  | (4,633,473)
Income tax expense |  | (55,564,855) |  | (51,797,634) |  | (48,807,093)
Schedule of reconciliation between the effective tax rate and the statutory rate |
Reconciliation of effective rate |  | 12.31.2018 |  | 12.31.2017 |  | 12.31.2016 |
|  | ThCh$ |  | ThCh$ |  | ThCh$ |
Net income before taxes |  | 153,606,681 |  | 170,798,359 |  | 140,856,204 |
Tax expense at legal rate (27.0%) |  | (41,544,270) |  | — |  | — |
Tax expense at legal rate (25.5%) |  | — |  | (43,553,581) |  | (33,805,489) |
Effect of a different tax rate in other jurisdictions |  | 967,671 |  | (4,971,103) |  | (9,214,270) |
Permanent differences: |  |  |  |  |  |  |
Non-taxable revenues |  | 12,752,599 |  | 9,645,068 |  | 6,068,410 |
Non-deductible expenses |  | (11,141,237) |  | (4,020,729) |  | (419,761) |
Tax effect on excess tax provision prior periods |  | (295,632) |  | 125,021 |  | 86,731 |
Effect of tax restatement Chilean companies |  | 2,566,163 |  | (1,465,753) |  | (1,875,343) |
Foreign subsidiaries tax withholding expense and other legal tax debits and credits |  | (18,870,149) |  | (7,556,557) |  | (9,647,371) |
Adjustments to tax expense |  | (14,988,256) |  | (3,272,950) |  | (5,787,334) |
Tax expense at effective rate |  | (55,564,855) |  | (51,797,634) |  | (48,807,093) |
Effective rate |  | 36.2 | % | 30.6 | % | 34.7 | %
Schedule of income tax rates applicable in each jurisdiction |
|  | Rate |
Country |  | 2018 |  | 2017 |  | 2016 |
Chile |  | 27.0 | % | 25.5 | % | 24.0 | %
Brazil |  | 34.0 | % | 34.0 | % | 34.0 | %
Argentina |  | 30.0 | % | 35.0 | % | 35.0 | %
Paraguay |  | 10.0 | % | 10.0 | % | 10.0 | %

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