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INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

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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