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EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2018
EQUITY |
Schedule of number of shares |
|  | Number of shares subscribed |  | Number of shares paid in |  | Number of voting shares
Series |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
A |  | 473,289,301 |  | 473,289,301 |  | 473,289,301 |  | 473,289,301 |  | 473,289,301 |  | 473,289,301 |  | 473,289,301 |  | 473,289,301 |  | 473,289,301
B |  | 473,281,303 |  | 473,281,303 |  | 473,281,303 |  | 473,281,303 |  | 473,281,303 |  | 473,281,303 |  | 473,281,303 |  | 473,281,303 |  | 473,281,303
Schedule of equity |
|  | Subscribed Capital |  |  |  | Paid-in capital |  |
Series |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
A |  | 135,379,504 |  | 135,379,504 |  | 135,379,504 |  | 135,379,504 |  | 135,379,504 |  | 135,379,504
B |  | 135,358,070 |  | 135,358,070 |  | 135,358,070 |  | 135,358,070 |  | 135,358,070 |  | 135,358,070
Total |  | 270,737,574 |  | 270,737,574 |  | 270,737,574 |  | 270,737,574 |  | 270,737,574 |  | 270,737,574
Schedule of dividends declared and paid |
|  |  |  |  |  | Profits |  |  |  |
|  |  |  | Dividend |  | imputable to |  | Ch$ per Series |  | Ch$ per Series
Payment month |  | type |  | dividends |  | A Share |  | B Share
2017 |  | January |  | Interim |  | 2016 |  | 19.00 |  | 20.90
2017 |  | May |  | Final |  | 2016 |  | 19.00 |  | 20.90
2017 |  | August |  | Additional |  | Retained Earnings |  | 19.00 |  | 20.90
2017 |  | October |  | Interim |  | 2017 |  | 19.00 |  | 20.90
2018 |  | January |  | Interim |  | 2017 |  | 21.50 |  | 23.65
2018 |  | May |  | Final |  | 2017 |  | 21.50 |  | 23.65
2018 |  | August |  | Additional |  | Retained Earnings |  | 21.50 |  | 23.65
2018 |  | October |  | Interim |  | 2018 |  | 21.50 |  | 23.65
2019 |  | January |  | Interim |  | 2018 |  | 21.50 |  | 23.65
Schedule of other reserves |
Description |  | 12.31.2018 |  | 12.31.2017 |  | 12.31.2016
|  | ThCh$ |  | ThCh$ |  | ThCh$
Polar acquisition |  | 421,701,520 |  | 421,701,520 |  | 421,701,520
Foreign currency translation reserves |  | (306,674,528) |  | (237,077,572) |  | (168,744,355)
Cash flow hedge reserve |  | (13,668,932) |  | (3,094,671) |  | (2,448,175)
Reserve for employee benefit actuarial gains or losses |  | (1,954,077) |  | (1,915,587) |  | (1,785,032)
Legal and statutory reserves |  | 5,435,538 |  | 5,435,538 |  | 5,435,538
Other |  | 6,014,568 |  | — |  | —
Total |  | 110,854,089 |  | 185,049,228 |  | 254,159,496
Schedule of foreign currency translation reserves |
Details |  | 12.31.2018 |  | 12.31.2017 |  | 12.31.2016
|  | ThCh$ |  | ThCh$ |  | ThCh$
Brazil |  | (99,990,343) |  | (90,156,924) |  | (58,306,230)
Argentina |  | (201,118,180) |  | (128,348,112) |  | (108,386,213)
Paraguay |  | 8,623,849 |  | (4,862,332) |  | 10,545,453
Exchange rate differences in related companies |  | (14,189,854) |  | (13,710,204) |  | (12,597,365)
Total |  | (306,674,528) |  | (237,077,572) |  | (168,744,355)
Schedule of movement in foreign currency translation reserves |
Details |  | 12.31.2018 |  | 12.31.2017 |  | 12.31.2016
|  | ThCh$ |  | ThCh$ |  | ThCh$
Brazil |  | (10,313,069) |  | (32,963,533) |  | 30,138,065
Argentina |  | (72,770,068) |  | (19,961,899) |  | (23,472,215)
Paraguay |  | 13,486,181 |  | (15,407,785) |  | (11,183,004)
Exchange rate differences in related companies |  | — |  | — |  | 3,219,956
Total |  | (69,596,956) |  | (68,333,217) |  | (1,297,198)
Schedule of consolidated statements of comprehensive income |
|  | Gross Balance |  | Tax |  | Net Balance
Cash Flow for hedge (1) |  | (13,151,841) |  | 2,554,551 |  | (10,597,290)
Exchange rate translation differences (1) |  | (72,455,525) |  | 2,476,204 |  | (69,979,321)
Benefit relate to defined benefit plans |  | (63,463) |  | 16,184 |  | (47,279)
Total Comprenhensive income as of December 31, 2018 |  | (85,670,829) |  | 5,046,939 |  | (80,623,890)
|  | Gross Balance |  | Tax |  | Net Balance
Cash Flow for hedge (1) |  | (813,844) |  | 167,348 |  | (646,496)
Exchange rate translation differences (1) |  | (68,831,435) |  | 232,666 |  | (68,598,769)
Benefit relate to defined benefit plans |  | (329,477) |  | 84,017 |  | (245,460)
Total Comprenhensive income as of December 31, 2017 |  | (69,974,756) |  | 484,031 |  | (69,490,725)
|  | Gross Balance |  | Tax |  | Net Balance
Cash Flow for hedge (1) |  | (42,836,575) |  | 13,301,186 |  | (29,535,389)
Exchange rate translation differences (1) |  | 148,686 |  | (2,431,408) |  | (2,282,722)
Benefit relate to defined benefit plans |  | (29,423) |  | 7,060 |  | (22,363)
Total Comprenhensive income as of December 31, 2016 |  | (42,717,312) |  | 10,876,838 |  | (31,840,474)
(1)These concepts will be reclassified to the statements of income when it is settled
Schedule of movement in comprehensive income |
|  |  |  |  |  | Benefit related
|  | Cash Flow |  | Exchange rate |  | to defines
As of December 31, 2018: |  | Hedge |  | Differences |  | benefit plans
|  | M$ |  | M$ |  | M$
Increase (decrease) |  | (63,699,788) |  | (72,455,525) |  | (334,508)
Deferred taxes |  | 20,217,065 |  | 2,476,204 |  | 89,366
Reclassification to the result by function |  | 48,415,956 |  | — |  | 271,045
Reclassification of deferred taxes related to other reserves |  | (15,530,523) |  | — |  | (73,182)
Total Changes in Equity |  | (10,597,290) |  | (69,979,321) |  | (47,279)
Equity holders of the parent |  | (10,597,290) |  | (69,592,296) |  | (43,150)
Non-Controlling interests |  | — |  | (387,025) |  | (4,129)
Total Changes in equity as of December 31, 2018 |  | (10,597,290) |  | (69,979,321) |  | (47,279)
|  |  |  |  |  | Benefit related
|  | Cash Flow |  | Exchange rate |  | to defines
As of December 31, 2017: |  | Hedge |  | Differences |  | benefit plans
|  | M$ |  | M$ |  | M$
Increase (decrease) |  | (14,172,572) |  | (68,831,435) |  | (476,044)
Deferred taxes |  | 3,875,908 |  | 232,666 |  | 121,390
Reclassification to the result by function |  | 13,352,835 |  | — |  | 146,564
Reclassification of deferred taxes related to other reserves |  | (3,702,667) |  | — |  | (37,370)
Total Changes in Equity |  | (646,496) |  | (68,598,769) |  | (245,460)
Equity holders of the parent |  | (646,496) |  | (68,333,217) |  | (130,555)
Non-Controlling interests |  | — |  | (265,552) |  | (114,905)
Total Changes in equity as of December 31, 2017 |  | (646,496) |  | (68,598,769) |  | (245,460)
|  |  |  |  |  | Benefit related
|  | Cash Flow |  | Exchange rate |  | to defines
As of December 31, 2016: |  | Hedge |  | Differences |  | benefit plans
|  | M$ |  | M$ |  | M$
Increase (decrease) |  | (119,668,724) |  | 148,686 |  | (359,258)
Deferred taxes |  | 38,337,727 |  | (2,431,408) |  | 86,222
Reclassification to the result by function |  | 76,802,629 |  | — |  | 313,341
Reclassification of deferred taxes related to other reserves |  | (25,007,021) |  | — |  | (62,668)
Total Changes in Equity |  | (29,535,389) |  | (2,282,722) |  | (22,363)
Equity holders of the parent |  | (29,535,389) |  | (1,297,198) |  | 11,253
Non-Controlling interests |  | — |  | (985,524) |  | (33,616)
Total Changes in equity as of December 31, 2016 |  | (29,535,389) |  | (2,282,722) |  | (22,363)
Schedule of non-controlling interests |
|  | Non-controlling Interests
|  | Ownership % |  |  |  | Shareholders’ Equity |  |  |  | Income
|  |  |  |  |  |  |  | December |  | December |  | December |  | December |  | December |  | December
Details |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
|  |  |  |  |  |  |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
Embotelladora del Atlántico S.A. |  | 0.0171 |  | 0.0171 |  | 0.0171 |  | 23,260 |  | 13,765 |  | 12,209 |  | 3,633 |  | 5,590 |  | 5,502
Andina Empaques Argentina S.A. |  | 0.0209 |  | 0.0209 |  | 0.0209 |  | 2,113 |  | 2,213 |  | 2,062 |  | 96 |  | 711 |  | 785
Paraguay Refrescos S.A. |  | 2.1697 |  | 2.1697 |  | 2.1697 |  | 5,378,074 |  | 5,045,792 |  | 5,337,687 |  | 556,112 |  | 502,945 |  | 504,806
Vital S.A. |  | 35.0000 |  | 35.0000 |  | 35.0000 |  | 7,674,785 |  | 9,261,108 |  | 9,054,947 |  | 271,063 |  | 283,327 |  | 319,858
Vital Aguas S.A. |  | 33.5000 |  | 33.5000 |  | 33.5000 |  | 1,986,493 |  | 2,117,098 |  | 2,027,879 |  | 36,696 |  | 151,647 |  | 23,744
Envases Central S.A. |  | 40.7300 |  | 40.7300 |  | 40.7300 |  | 4,836,892 |  | 5,483,317 |  | 5,129,661 |  | (20,225) |  | 220,715 |  | 668,425
Total |  |  |  |  |  |  |  | 19,901,617 |  | 21,923,293 |  | 21,564,445 |  | 847,375 |  | 1,164,935 |  | 1,523,120
Schedule of subsidiaries financial information |
|  | Non-controlling Interests
|  | Ownership % |  |  |  | Shareholders’ Equity |  |  |  | Income
|  |  |  |  |  |  |  | December |  | December |  | December |  | December |  | December |  | December
Details |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
|  |  |  |  |  |  |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
Embotelladora del Atlántico S.A. |  | 0.0171 |  | 0.0171 |  | 0.0171 |  | 23,260 |  | 13,765 |  | 12,209 |  | 3,633 |  | 5,590 |  | 5,502
Andina Empaques Argentina S.A. |  | 0.0209 |  | 0.0209 |  | 0.0209 |  | 2,113 |  | 2,213 |  | 2,062 |  | 96 |  | 711 |  | 785
Paraguay Refrescos S.A. |  | 2.1697 |  | 2.1697 |  | 2.1697 |  | 5,378,074 |  | 5,045,792 |  | 5,337,687 |  | 556,112 |  | 502,945 |  | 504,806
Vital S.A. |  | 35.0000 |  | 35.0000 |  | 35.0000 |  | 7,674,785 |  | 9,261,108 |  | 9,054,947 |  | 271,063 |  | 283,327 |  | 319,858
Vital Aguas S.A. |  | 33.5000 |  | 33.5000 |  | 33.5000 |  | 1,986,493 |  | 2,117,098 |  | 2,027,879 |  | 36,696 |  | 151,647 |  | 23,744
Envases Central S.A. |  | 40.7300 |  | 40.7300 |  | 40.7300 |  | 4,836,892 |  | 5,483,317 |  | 5,129,661 |  | (20,225) |  | 220,715 |  | 668,425
Total |  |  |  |  |  |  |  | 19,901,617 |  | 21,923,293 |  | 21,564,445 |  | 847,375 |  | 1,164,935 |  | 1,523,120
The following tables presents summarized information regarding the Company´s subsidiaries owned by third parties as of December 31, 2018, 2017 and 2016:
|  |  |  | Andina |  |  |  |  |  |  |  |
|  | Embotelladora |  | Empaques |  | Paraguay |  |  |  |  |  |
|  | Del Atlantico |  | Argentina |  | Refrescos |  | Vital Jugos |  | Vital Aguas |  | Envases
December 31,2018 |  | S.A. |  | S.A. |  | S.A. |  | S.A. |  | S.A. |  | Central S.A.
Total current assets |  | 78,222,876 |  | 4,329,932 |  | 37,309,706 |  | 16,005,424 |  | 4,616,490 |  | 13,737,336
Total non-current assets |  | 156,224,157 |  | 9,251,880 |  | 248,751,791 |  | 16,969,708 |  | 5,287,639 |  | 12,239,33
Total current liabilities |  | 82,148,269 |  | 2,309,810 |  | 21,870,719 |  | 11,018,878 |  | 3,803,117 |  | 13,063,735
Total non-current liabilities |  | 15,897,476 |  | 1,169,270 |  | 16,323,385 |  | 28,298 |  | 171,184 |  | 1,041,400
Net sales |  | 406,216,738 |  | 16,034,964 |  | 149,588,252 |  | 56,724,318 |  | 15,859,403 |  | 59,433,099
Net Income |  | 21,304,406 |  | 458,980 |  | 25,630,364 |  | 774,466 |  | 109,539 |  | (112,302)
|  |  |  | Andina |  |  |  |  |  |  |  |
|  | Embotelladora |  | Empaques |  | Paraguay |  |  |  |  |  |
|  | Del Atlantico |  | Argentina |  | Refrescos |  | Vital Jugos |  | Vital Aguas |  | Envases
December 31,2017 |  | S.A. |  | S.A. |  | S.A. |  | S.A. |  | S.A. |  | Central S.A.
Total current assets |  | 97,285,008 |  | 7,143,561 |  | 30,419,844 |  | 21,135,712 |  | 4,296,412 |  | 8,343,734
Total non-current assets |  | 94,369,129 |  | 6,413,307 |  | 234,278,288 |  | 19,691,418 |  | 5,876,875 |  | 14,243,627
Total current liabilities |  | 109,594,738 |  | 2,944,499 |  | 17,297,339 |  | 14,244,283 |  | 3,698,382 |  | 7,410,662
Total non-current liabilities |  | 1,339,723 |  | 28,444 |  | 14,487,776 |  | 128,071 |  | 157,558 |  | 1,710,709
Net sales |  | 544,585,291 |  | 20,698,427 |  | 141,277,230 |  | 68,884,622 |  | 14,642,493 |  | 39,205,943
Net Income |  | 32,781,977 |  | 3,398,080 |  | 23,179,968 |  | 809,507 |  | 452,679 |  | 541,927
|  |  |  | Andina |  |  |  |  |  |  |  |
|  | Embotelladora |  | Empaques |  | Paraguay |  |  |  |  |  |
|  | Del Atlantico |  | Argentina |  | Refrescos |  | Vital Jugos |  | Vital Aguas |  | Envases
December 31,2016 |  | S.A. |  | S.A. |  | S.A. |  | S.A. |  | S.A. |  | Central S.A.
Total current assets |  | 110,564,779 |  | 6,680,394 |  | 35,283,479 |  | 19,265,466 |  | 4,783,537 |  | 8,508,056
Total non-current assets |  | 98,518,204 |  | 7,381,968 |  | 243,615,898 |  | 22,297,712 |  | 6,298,423 |  | 12,034,286
Total current liabilities |  | 132,431,541 |  | 4,061,713 |  | 17,192,489 |  | 15,246,108 |  | 4,884,341 |  | 7,333,325
Total non-current liabilities |  | 1,621,792 |  | 141,258 |  | 16,011,340 |  | 445,794 |  | 144,250 |  | 614,711
Net sales |  | 507,946,578 |  | 20,601,647 |  | 132,005,503 |  | 75,788,427 |  | 14,437,818 |  | 40,342,848
Net Income |  | 32,268,140 |  | 3,754,831 |  | 23,045,844 |  | 913,880 |  | 70,878 |  | 1,641,112
Schedule of earnings per share |
|  | 12.31.2018
Earnings per share |  | SERIES A |  | SERIES B |  | TOTAL
Earnings attributable to shareholders (ThCh$) |  | 46,001,994 |  | 50,601,377 |  | 96,603,371
Average weighted number of shares |  | 473,289,301 |  | 473,281,303 |  | 946,570,604
Earnings per basic and diluted share (in Chilean pesos) |  | 97.20 |  | 106.92 |  | 102.06
|  | 12.31.2017
Earnings per share |  | SERIES A |  | SERIES B |  | TOTAL
Earnings attributable to shareholders (ThCh$) |  | 56,112,755 |  | 61,723,035 |  | 117,835,790
Average weighted number of shares |  | 473,289,301 |  | 473,281,303 |  | 946,570,604
Earnings per basic and diluted share (in Chilean pesos) |  | 118.56 |  | 130.42 |  | 124.49
|  | 12.31.2016
Earnings per share |  | SERIES A |  | SERIES B |  | TOTAL
Earnings attributable to shareholders (ThCh$) |  | 43,107,979 |  | 47,418,012 |  | 90,525,991
Average weighted number of shares |  | 473,289,301 |  | 473,281,303 |  | 946,570,604
Earnings per basic and diluted share (in Chilean pesos) |  | 91.08 |  | 100.19 |  | 95.64

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