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BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2018
BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of the list of subsidiaries included in the consolidation |
|  |  |  | Holding control (percentage)
|  |  |  | 12-31-2018 |  | 12-31-2017
Taxpayer ID |  | Name of the Company |  | Direct |  | Indirect |  | Total |  | Direct |  | Indirect |  | Total
59.144.140-K |  | Abisa Corp S.A. |  | — |  | 99.99 |  | 99.99 |  | — |  | 99.99 |  | 99.99
Foreign |  | Aconcagua Investing Ltda. |  | 0.71 |  | 99.28 |  | 99.99 |  | 0.71 |  | 99.28 |  | 99.99
96.842.970-1 |  | Andina Bottling Investments S.A. |  | 99.90 |  | 0.09 |  | 99.99 |  | 99.90 |  | 0.09 |  | 99.99
96.972.760-9 |  | Andina Bottling Investments Dos S.A. |  | 99.90 |  | 0.09 |  | 99.99 |  | 99.90 |  | 0.09 |  | 99.99
Foreign |  | Andina Empaques Argentina S.A. |  | — |  | 99.98 |  | 99.98 |  | — |  | 99.98 |  | 99.98
96.836.750-1 |  | Andina Inversiones Societarias S.A. |  | 99.98 |  | 0.01 |  | 99.99 |  | 99.98 |  | 0.01 |  | 99.99
76.070.406-7 |  | Embotelladora Andina Chile S.A. |  | 99.99 |  | — |  | 99.99 |  | 99.99 |  | — |  | 99.99
Foreign |  | Embotelladora del Atlántico S.A. |  | 0.92 |  | 99.07 |  | 99.99 |  | 0.92 |  | 99.07 |  | 99.99
96.705.990-0 |  | Envases Central S.A. |  | 59.27 |  | — |  | 59.27 |  | 59.27 |  | — |  | 59.27
96.971.280-6 |  | Inversiones Los Andes Ltda. |  | 99.99 |  | — |  | 99.99 |  | 99.99 |  | — |  | 99.99
Foreign |  | Paraguay Refrescos S.A. |  | 0.08 |  | 97.75 |  | 97.83 |  | 0.08 |  | 97.75 |  | 97.83
76.276.604-3 |  | Red de Transportes Comerciales Ltda. |  | 99.90 |  | 0.09 |  | 99.99 |  | 99.90 |  | 0.09 |  | 99.99
Foreign |  | Rio de Janeiro Refrescos Ltda. |  | — |  | 99.99 |  | 99.99 |  | — |  | 99.99 |  | 99.99
78.536.950-5 |  | Servicios Multivending Ltda. |  | 99.90 |  | 0.09 |  | 99.99 |  | 99.90 |  | 0.09 |  | 99.99
78.861.790-9 |  | Transportes Andina Refrescos Ltda. |  | 99.90 |  | 0.09 |  | 99.99 |  | 99.90 |  | 0.09 |  | 99.99
96.928.520-7 |  | Transportes Polar S.A. |  | 99.99 |  | — |  | 99.99 |  | 99.99 |  | — |  | 99.99
76.389.720-6 |  | Vital Aguas S.A. |  | 66.50 |  | — |  | 66.50 |  | 66.50 |  | — |  | 66.50
93.899.000-k |  | Vital Jugos S.A. |  | 15.00 |  | 50.00 |  | 65.00 |  | 15.00 |  | 50.00 |  | 65.00
Schedule of exchange rates and value of the UF at the close of each of the periods |
|  | Exchange rate to the Chilean Peso
|  | US$ |  | R$ Brazilian |  | A$ Argentine |  | UF Unidad de |  | G$ Paraguayan |  | €
Date |  | dollar |  | Real |  | Peso |  | Fomento |  | Guaraní |  | Euro
12.31.2018 |  | 694.77 |  | 179.30 |  | 18.43 |  | 27,565.79 |  | 0.117 |  | 794.75
12.31.2017 |  | 614.75 |  | 185.84 |  | 32.96 |  | 26,798.14 |  | 0.110 |  | 739.15
12.31.2016 |  | 669.47 |  | 205.42 |  | 42.13 |  | 26,347.98 |  | 0.116 |  | 705.60
Schedule of companies that have a functional currency different from the presentation currency of the parent company |
Company |  | Functional currency |
Andina Empaques Argentina |  | Argentine Peso |
Embotelladora del Atlántico |  | Argentine Peso |
Embotelladora Andina |  | Chilean Peso |
Paraguay Refrescos |  | Guaraní |
Rio de Janeiro Refrescos |  | Reales |
Schedule of estimated useful lives by asset category |
Assets |  | Range in years
Buildings |  | 30 | - | 50
Plant and equipment |  | 10 | - | 20
Warehouse installations and accessories |  | 10 | - | 30
Furniture and supplies |  | 4 | - | 5
Motor vehicles |  | 5 | - | 7
Other Property, plant and equipment |  | 3 | - | 8
Bottles and containers |  | 2 | - | 8
Schedule of new accounting standards effective January 1, 2018 and adopted |
|  |  |  | Mandatory
|  |  |  | Application
|  | Standards, Interpretations and Amendments |  | Date
IFRS 9 |  | Financial Instruments |  | January 1, 2018
IFRS 15 |  | Revenue from Contracts with Customers |  | January 1, 2018
IFRIC 22 |  | Foreign Currency Transactions and Advanced Considerations |  | January 1, 2018
IAS 28 |  | Investments in Associates and Joint Ventures-decision to measure participation in associates and joint ventures at fair value with changes in results |  | January 1, 2018
Summary of new accounting standards effective January 1, 2019 and not adopted |
|  | New Standards |  | Mandatory application date
IFRS 16 |  | Leases |  | January 1, 2019
IFRIC 23 |  | Uncertainty over Income Tax Treatments |  | January 1, 2019
Conceptual Framework |  | Revised Conceptual Framework |  | January 1, 2020
Impact of Revised Conceptual Framework definitions |
|  | Amendments and Improvements |  | Mandatory application date
IFRS 3 |  | Business Combinations |  | January 1, 2019
IFRS 9 |  | Financial Instruments |  | January 1, 2019
IFRS 11 |  | Joint Arrangements |  | January 1, 2019
IAS 12 |  | Income Taxes |  | January 1, 2019
IAS 23 |  | Borrowing Costs |  | January 1, 2019
IAS 28 |  | Investments in Associates |  | January 1, 2019
IAS 19 |  | Employee Benefits-Amendment, reduction or liquidation of the plan |  | January 1, 2019
IFRS 10 and IAS 28 |  | Consolidated Financial Statements-sale or contribution of assets between an investor and its associate or joint venture |  | To be defined

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