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BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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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