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INVESTMENTS IN ASSOCIATES ACCOUNTED FOR USING THE EQUITY METHOD (Tables) | 12 Months Ended
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Dec. 31, 2020
INVESTMENTS IN ASSOCIATES ACCOUNTED FOR USING THE EQUITY METHOD |
Schedule of investments in associates using equity method of accounting |
|  |  |  |  |  | Functional |  | Investment value |  | Ownership interest |
Taxpayer ID |  | Company |  | Country |  | currency |  | 12.31.2020 |  | 12.31.2019 |  | 12.31.2020 |  | 12.31.2019 |
86.881.400-4 |  | Envases CMF S.A. (1) |  | Chile |  | CLP |  | 20,185,148 |  | 18,561,835 |  | 50.00 | % | 50.00 | %
Foreign |  | Leão Alimentos e Bebidas Ltda. (2) |  | Brazil |  | BRL |  | 10,628,035 |  | 17,896,839 |  | 10.26 | % | 10.26 | %
Foreign |  | Kaik Participações Ltda. (2) |  | Brazil |  | BRL |  | 979,978 |  | 1,313,498 |  | 11.32 | % | 11.32 | %
Foreign |  | SRSA Participações Ltda. |  | Brazil |  | BRL |  | 48,032 |  | 65,301 |  | 40.00 | % | 40.00 | %
Foreign |  | Sorocaba Refrescos S.A. |  | Brazil |  | BRL |  | 20,976,662 |  | 24,636,945 |  | 40.00 | % | 40.00 | %
Foreign |  | Trop Frutas do Brasil Ltda. (2) |  | Brazil |  | BRL |  | 4,695,228 |  | 6,250,481 |  | 7.52 | % | 7.52 | %
76.572.588.7 |  | Coca Cola del Valle New Ventures S.A. |  | Chile |  | CLP |  | 30,443,271 |  | 31,141,834 |  | 35.00 | % | 35.00 | %
Total |  |  |  |  |  |  |  | 87,956,354 |  | 99,866,733 |  |  |  |  |
| (1) |  | In Envases CMF S.A., regardless of the percentage of ownership interest, it was determined that no controlling interest was held, only a significant influence, given that there was not a majority vote of the Board of Directors to make strategic business decisions.
| (2) |  | In these companies, regardless of the ownership interest, it has been defined that the Company has significant influence, given that it has the right to appoint directors.
Schedule of movement of investments in associates accounted for using the equity method |
Description |  | 12.31.2020 |  | 12.31.2019 |  | 12.31.2018
|  | ThCh$ |  | ThCh$ |  | ThCh$
Opening balance |  | 99,866,733 |  | 102,410,945 |  | 86,809,069
Other investment increases in associates (Capital contributions to Leão Alimentos e Bebidas Ltda, and Coca-Cola del Valle New Ventures S,A,) |  | — |  | — |  | 15,615,466
Dividends received |  | (1,215,126) |  | (1,076,491) |  | (403,414)
Share in operating income |  | 3,248,680 |  | (2,495,621) |  | 2,194,144
Amortization unrealized income in associates |  | (566,422) |  | (919,462) |  | 85,268
Increase (decrease) in foreign currency translation, investments in associates |  | (13,377,511) |  | 1,947,362 |  | (1,889,588)
Ending balance |  | 87,956,354 |  | 99,866,733 |  | 102,410,945
Schedule of reconciliation of share of profit in investments in associates |
Description |  | 12.31.2020 |  | 12.31.2019 |  | 12.31.2018
|  | ThCh$ |  | ThCh$ |  | ThCh$
Share of profit of investment accounted for using the equity method |  | 3,248,680 |  | (2,495,621) |  | 2,194,144
Unrealized earnings from product inventory acquired from associates and not sold at the end of the period, which is presented as a discount in the respective asset account (containers and / or inventory) |  | (528,122) |  | (394,490) |  | (868,233)
Amortization goodwill in the sale of fixed assets of Envases CMF S.A. |  | 85,266 |  | 85,266 |  | 85,268
Amortization goodwill preferred rights CCDV S.A. |  | (523,061) |  | (610,238) |  | —
Income statement balance |  | 2,228,763 |  | (3,415,083) |  | 1,411,179
Summary of financial information by associates | At December 31, 2020:
|  |  |  |  |  |  |  |  |  | Leão |  |  |  |
|  |  |  |  |  | Kaik |  | SRSA |  | Alimentos e |  | Trop Frutas |  | Coca-
|  | Envases |  | Sorocaba |  | Participaçōes |  | Participaçōes |  | Bebidas |  | do Brasil |  | Cola del Valle
|  | CMF S.A. |  | Refrescos S.A. |  | Ltda. |  | Ltda. |  | Ltda. |  | Ltda. |  | New Ventures S.A.
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
Total assets |  | 75,089,424 |  | 86,802,489 |  | 8,657,291 |  | 288,440 |  | 144,111,310 |  | 76,012,734 |  | 105,735,317
Total liabilities |  | 34,633,862 |  | 41,781,275 |  | 26 |  | 168,354 |  | 37,634,466 |  | 21,236,127 |  | 20,000,197
Total revenue |  | 40,455,562 |  | 45,021,214 |  | 8,657,265 |  | 120,086 |  | 144,111,310 |  | 54,776,607 |  | 85,735,120
Net income (loss) of associates |  | 4,717,515 |  | 664,208 |  | 96,980 |  | 117,350 |  | (39,244,393) |  | (890,021) |  | (475,467)
Reporting date |  | 12.31.2020 |  | 11.30.2020 |  | 11.30.2020 |  | 11.30.2020 |  | 11.30.2020 |  | 11.30.2020 |  | 12.31.2020
At December 31, 2019:
|  |  |  |  |  |  |  |  |  | Leão |  |  |  |
|  |  |  |  |  | Kaik |  | SRSA |  | Alimentos e |  | Trop Frutas |  | Coca-
|  | Envases |  | Sorocaba |  | Participaçōes |  | Participaçōes |  | Bebidas |  | do Brasil |  | Cola del Valle
|  | CMF S.A. |  | Refrescos S.A. |  | Ltda. |  | Ltda. |  | Ltda. |  | Ltda. |  | New Ventures S.A.
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$
Total assets |  | 77,994,582 |  | 116,551,131 |  | 11,661,828 |  | 393,856 |  | 248,493,994 |  | 104,778,397 |  | 107,388,847
Total liabilities |  | 39,826,283 |  | 54,650,105 |  | 35 |  | 229,780 |  | 38,137,061 |  | 27,158,470 |  | 18,693,717
Total revenue |  | 58,640,058 |  | 69,343,990 |  | 337,450 |  | 160,342 |  | 139,769,189 |  | 47,252,571 |  | 31,914,825
Net income (loss) of associates |  | 1,449,997 |  | 3,948,798 |  | 337,450 |  | 160,342 |  | 2,320,841 |  | (1,177,262) |  | 4,297,003
Reporting date |  | 12.31.2019 |  | 11.30.2019 |  | 11.30.2019 |  | 11.30.2019 |  | 11.30.2019 |  | 11.30.2019 |  | 11.30.2019

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