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INTANGIBLE ASSETS AND GOODWILL (Tables) | 12 Months Ended
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Dec. 31, 2018
INTANGIBLE ASSETS AND GOODWILL |
Schedule of intangible assets other than goodwill |
|  | 12-31-2018 |  | 12-31-2017
|  | Gross |  | Cumulative |  | Net |  | Gross |  | Cumulative |  | Net
Detail |  | Amount |  | Amortization |  | Amount |  | Amount |  | Amortization |  | Amount
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
Distribution rights (1) |  | 661,285,834 |  | (259,434) |  | 661,026,400 |  | 656,411,004 |  | (116,387) |  | 656,294,617
Software |  | 31,526,159 |  | (24,160,202) |  | 7,365,957 |  | 27,595,084 |  | (21,087,741) |  | 6,507,343
Others |  | 728,198 |  | (298,002) |  | 430,196 |  | 511,470 |  | (40,552) |  | 470,918
Total |  | 693,540,191 |  | (24,717,638) |  | 668,822,553 |  | 684,517,558 |  | (21,244,680) |  | 663,272,878
| (1) |  | Correspond to the contractual rights to produce and distribute Coca-Cola products in certain parts of Argentina, Brazil, Chile and Paraguay. Distribution rights result from the valuation process at fair value of the assets and liabilities of the companies acquired in business combinations. Production and distribution contracts are renewable for periods of 5 years with Coca-Cola. The nature of the business and renewals that Coca-Cola has permanently done on these rights, allow qualifying them as indefinite contracts. These production and distribution rights, and in conjunction with the assets that are part of the cash-generating units, are annually subjected to the impairment test. Such distribution rights are composed in the following manner and are not subject to amortization: except for the Monster rights that are amortized in the term of the agreement which is 4 years.
Schedule of distribution rights |
|  | 12.31.2018 |  | 12.31.2017
Distribution rights |  | ThCh$ |  | ThCh$
Chile (excluding Metropolitan Region, Rancagua and San Antonio) |  | 304,888,183 |  | 304,969,889
Brazil (Rio de Janeiro, Espirito Santo, Ribeirão Preto and the investments in Sorocaba and Leão Alimentos e Bebidas Ltda.) |  | 181,583,404 |  | 187,695,738
Paraguay |  | 172,594,328 |  | 162,825,074
Argentina (North and South) |  | 1,960,485 |  | 803,916
Total |  | 661,026,400 |  | 656,294,617
Schedule of the movement and balances of identifiable intangible assets |
|  | 01-01-2018 to 12-31-2018 |  | 01-01-2017 to 12-31-2017
|  | Distribution |  |  |  |  |  |  |  | Distribution |  |  |  |  |  |
Details |  | Rights |  | Rights |  | Software |  | Total |  | Rights |  | Rights |  | Software |  | Total
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
Opening balance |  | 656,294,617 |  | 470,918 |  | 6,507,343 |  | 663,272,878 |  | 674,920,063 |  | 470,918 |  | 5,605,081 |  | 680,996,062
Additions |  | — |  | — |  | 3,718,038 |  | 3,718,038 |  | 11,923,449 | (1) | — |  | 2,907,715 |  | 14,831,164
Amortization |  | (112,601) |  | (40,722) |  | (1,971,417) |  | (2,124,740) |  | (116,387) |  | — |  | (1,842,933) |  | (1,959,320)
Other increases (decreases) (2) |  | 4,844,384 |  |  |  | (888,007) |  | 3,956,377 |  | (30,432,508) |  | — |  | (162,520) |  | (30,595,028)
Total |  | 661,026,400 |  | 430,196 |  | 7,365,957 |  | 668,822,553 |  | 656,294,617 |  | 470,918 |  | 6,507,343 |  | 663,272,878
| (1) |  | Corresponds to distribution rights paid in Argentina, Paraguay and Chile resulting from the transaction in which The Coca-Cola Company acquired the “AdeS” business described in previous notes.
| (2) |  | Mainly corresponds to the foreign currency effect of converting foreign subsidiaries’ distribution rights into the presentation currency.
Schedule of discount rate by country |
|  | Discount Rate |  | Discount Rate |
|  | 2017 |  | 2017 |
Argentina |  | 21.2 | % | 17.1 | %
Chile |  | 8.1 | % | 7.2 | %
Brazil |  | 10.9 | % | 9.6 | %
Paraguay |  | 10.1 | % | 9.1 | %
Schedule of movement in goodwill |
|  |  |  | Foreign currency translation differences |  |
|  |  |  | where functional currency is different from |  |
Operating segment |  | 01.01.2018 |  | presentation currency |  | 12.31.2018
|  | ThCh$ |  | ThCh$ |  | ThCh$
Chilean operation |  | 8,503,023 |  | — |  | 8,503,023
Brazilian operation |  | 73,509,080 |  | (428,980) |  | 73,080,100
Argentine operation |  | 4,672,971 |  | 23,645,158 |  | 28,318,129
Paraguayan operation |  | 6,913,143 |  | 414,778 |  | 7,327,921
Total |  | 93,598,217 |  | 23,630,956 |  | 117,229,173
|  |  |  | Foreign currency translation differences |  |
|  |  |  | where functional currency is different from |  |
Operating segment |  | 01.01.2017 |  | presentation currency |  | 12.31.2017
|  | ThCh$ |  | ThCh$ |  | ThCh$
Chilean operation |  | 8,503,023 |  | — |  | 8,503,023
Brazilian operation |  | 81,145,834 |  | (7,636,754) |  | 73,509,080
Argentine operation |  | 5,972,515 |  | (1,299,544) |  | 4,672,971
Paraguayan operation |  | 7,298,133 |  | (384,990) |  | 6,913,143
Total |  | 102,919,505 |  | (9,321,288) |  | 93,598,217
|  |  |  | Foreign currency translation differences |  |
|  |  |  | where functional currency is different from |  |
Operating segment |  | 01.01.2016 |  | presentation currency |  | 12.31.2016
|  | ThCh$ |  | ThCh$ |  | ThCh$
Chilean operation |  | 8,503,023 |  | — |  | 8,503,023
Brazilian operation |  | 71,960,960 |  | 9,184,874 |  | 81,145,834
Argentine operation |  | 7,720,202 |  | (1,747,687) |  | 5,972,515
Paraguayan operation |  | 7,651,751 |  | (353,618) |  | 7,298,133
Total |  | 95,835,936 |  | 7,083,569 |  | 102,919,505

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