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BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND APPLICATION OF ACCOUNTING CRITERIA (Tables) | 12 Months Ended
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Dec. 31, 2020
BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND APPLICATION OF ACCOUNTING CRITERIA |
Schedule of the list of subsidiaries included in the consolidation |
|  |  |  | Ownership interest
|  |  |  | 12.31.2020 |  | 12.31.2019
Taxpayer ID |  | Company Name |  | 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. |  | 0.70 |  | 99.28 |  | 99.98 |  | 0.70 |  | 99.28 |  | 99.98
96.842.970-1 |  | Andina Bottling Investments S.A. |  | 99.9 |  | 0.09 |  | 99.99 |  | 99.9 |  | 0.09 |  | 99.99
96.972.760-9 |  | Andina Bottling Investments Dos S.A. |  | 99.9 |  | 0.09 |  | 99.99 |  | 99.9 |  | 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
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. |  | 99.9 |  | 0.09 |  | 99.99 |  | 99.9 |  | 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. |  | 99.9 |  | 0.09 |  | 99.99 |  | 99.9 |  | 0.09 |  | 99.99
78.861.790-9 |  | Transportes Andina Refrescos Ltda. |  | 99.9 |  | 0.09 |  | 99.99 |  | 99.9 |  | 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 companies that have a functional currency different from the presentation currency of the parent company |
Company |  | Functional currency
Embotelladora del Atlántico |  | Argentine Peso (ARS)
Embotelladora Andina |  | Chilean Peso (CLP)
Paraguay Refrescos |  | Paraguayan Guaraní (PYG)
Rio de Janeiro Refrescos |  | Brazil Real (BRL)
Schedule of exchange rates regarding the Chilean peso in effect at the end of each period | Exchange rates regarding the Chilean peso in effect at the end of each period are as follows:
Date |  | USD |  | BRL |  | ARS |  | PGY
12.31.2020 |  | 710.95 |  | 136.80 |  | 8.44 |  | 0.103
12.31.2019 |  | 748.74 |  | 185.76 |  | 12.50 |  | 0.116
12.31.2018 |  | 694.77 |  | 179.30 |  | 18.43 |  | 0.117
Schedule of estimated useful lives by asset category |
Assets |  | Range in years
Buildings |  | 15-80
Plant and equipment |  | 5-20
Warehouse installations and accessories |  | 10-50
Furniture and supplies |  | 4-5
Motor vehicles |  | 4-10
Other Property, plant and equipment |  | 3-10
Bottles and containers |  | 2-5
Schedule of changes in estimated useful lives |
|  | Previous |  | New
Assets |  | year range |  | year range
Buildings |  | 30-50 |  | 15-80
Plants and equipment |  | 10-20 |  | 5-20
Fixed installations and accessories |  | 10-30 |  | 10-50
Furniture and materials |  | 4-5 |  | 5
Vehicles |  | 5-7 |  | 4-10
Other property, plant and equipment |  | 3-8 |  | 5-10
Containers and cases |  | 2-8 |  | 2-5
Schedule of discount rates applied in annual test to the level of risk of the CGU |
|  | Discount rates |  | Discount rates |
|  | 2020 |  | 2019 |
Argentina |  | 28.1 | % | 35.3 | %
Chile |  | 7.2 | % | 8.5 | %
Brazil |  | 9.9 | % | 11.4 | %
Paraguay |  | 9.3 | % | 11.5 | %
Schedule of New Standards, Interpretations and Amendments for annual periods beginning on or after January 1, 2020. |
|  | Standards and Interpretations |  | Mandatory application date
Conceptual Framework |  | Revised Conceptual Framework |  | January 1, 2020
Schedule of amendments to IFRS that have been issued effective as of the date of these financial statements |
|  | Amendments |  | Implementation date
IFRS 3 |  | Definition of a business |  | January 1, 2020
IAS 1 and IAS 8 |  | Definition of material |  | January 1, 2020
IFRS 9, IAS 39 and IFRS 7 |  | Reference Interest Rate Reform |  | January 1, 2020
IFRS 16 |  | COVID-19-Related Rent Concessions |  | January 1, 2020
Schedule of New Accounting Standards, Interpretations and Amendments with effective application for annual periods beginning on or after January 1, 2020 |
|  | Standards and Interpretations |  | Mandator y application date
IFRS 17 |  | Insurance Contracts |  | January 1, 2023
Summary of Amendments to IFRS which have been issued and will become in effect on January 1, 2023 |
|  | Amendments |  | Date of application
IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 |  | Interest Rate Benchmark Reform—Phase 2 |  | January 1, 2023
IAS 1 |  | Classification of liabilities as current or non-current |  | January 1, 2023
IFRS 3 |  | Reference to the Conceptual Framework |  | January 1, 2022
IAS 16 |  | Property, Plant and Equipment — Proceeds before Intended Use |  | January 1, 2022
IAS 37 |  | Onerous Contracts—Cost of Fulfilling a Contract |  | January 1, 2022
IFRS 10 and IAS 28 |  | Consolidated Financial Statements - sale or contribution of assets between an investor and its associate or joint venture |  | To be determined

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