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INCOME TAX EXPENSE AND DEFERRED TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
INCOME TAX EXPENSE AND DEFERRED TAXES |
Schedule of current and deferred income tax expenses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Details |  | 12.31.2021 |  | 12.31.2020 |  | 12.31.2019
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Current income tax expense |  | 45,614,890 | ​ | 55,522,189 | ​ | 35,439,707
Current tax adjustment previous period |  | (2,284,477) | ​ | (735,907) | ​ | 713,992
Foreign dividends tax withholding expense |  | 2,877,817 | ​ | 6,987,142 | ​ | 4,534,145
Other current tax expense (income) |  | (114,130) | ​ | (47,569) | ​ | (425,958)
Current income tax expense |  | 46,094,100 | ​ | 61,725,855 | ​ | 40,261,886
Expense (income) for the creation and reversal of temporary differences of deferred tax and others |  | 83,220 | ​ | (6,820,456) | ​ | 20,905,005
Expense (income) for deferred taxes |  | 83,220 | ​ | (6,820,456) | ​ | 20,905,005
Total income tax expense |  | 46,177,320 | ​ | 54,905,399 | ​ | 61,166,891
Schedule of distribution of national and foreign tax expenditure | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Income taxes |  | 12.31.2021 |  | 12.31.2020 |  | 12.31.2019
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Current taxes |  | ​ | ​ |  |  |
Foreign |  | (37,363,624) | ​ | (39,128,690) | ​ | (24,315,576)
National |  | (8,730,476) | ​ | (22,597,165) | ​ | (15,946,310)
Current tax expense |  | (46,094,100) | ​ | (61,725,855) | ​ | (40,261,886)
Deferred taxes |  | ​ | ​ | ​ | ​ | ​
Foreign |  | 6,942,925 | ​ | 7,280,487 | ​ | (24,012,798)
National |  | (7,026,145) | ​ | (460,031) | ​ | 3,107,793
Deferred tax expense |  | (83,220) | ​ | 6,820,456 | ​ | (20,905,005)
Income tax expense |  | (46,177,320) | ​ | (54,905,399) | ​ | (61,166,891)
Schedule of reconciliation of the tax expense using the statutory rate with the tax expense using the effective rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of effective rate |  | 12.31.2021 |  | 12.31.2020 |  | 12.31.2019 |
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ |
Net income before taxes |  | 203,208,988 | ​ | 178,022,719 | ​ | 236,413,116 | ​
Tax expense at legal rate (27.0%) |  | (54,866,427) | ​ | (48,066,134) | ​ | (63,831,541) | ​
Effect of tax rate in other jurisdictions |  | 860,745 | ​ | 1,032,950 | ​ | (3,471,705) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Permanent differences: |  | ​ |  | ​ |  | ​ | ​
Non-taxable revenues |  | (10,868,055) | ​ | (2,417,582) | ​ | 9,507,807 | ​
Non-deductible expenses |  | (2,935,310) | ​ | (6,007,898) | ​ | (4,664,045) | ​
Tax effect on excess tax provision in previous periods | ​ | 13,250,594 | ​ | 113,747 | ​ | (3,316,278) | ​
Tax effect of price-level restatement for Chilean companies | ​ | (15,794,098) | ​ | (5,936,464) | ​ | 5,199,589 | ​
Subsidiaries tax withholding expense and other legal tax debits and credits |  | 24,175,231 | ​ | 6,375,982 | ​ | (590,718) | ​
Adjustments to tax expense |  | 7,828,362 | ​ | (7,872,215) | ​ | 6,136,355 | ​
Tax expense at effective rate |  | (46,177,320) | ​ | (54,905,399) | ​ | (61,166,891) | ​
Effective rate |  | 22.7 | % | 30.8 | % | 25.9 | %
Schedule of income tax rates applicable in each jurisdiction | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Rate |
Country |  | 2021 |  | 2020 |  | 2019 |
Chile |  | 27.0 | % | 27.0 | % | 27.0 | %
Brazil |  | 34.0 | % | 34.0 | % | 34.0 | %
Argentina |  | 35.0 | % | 30.0 | % | 30.0 | %
Paraguay |  | 10.0 | % | 10.0 | % | 10.0 | %
Schedule of the net cumulative balances of temporary differences that give rise to deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 12.31.2021 | ​ | 12.31.2020
Temporary differences |  | Assets |  | Liabilities |  | Assets |  | Liabilities
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Property, plant and equipment |  | 5,944,185 | ​ | 52,435,301 |  | 5,421,466 | ​ | 39,544,960
Obsolescence provision |  | 1,696,051 | ​ | — |  | 1,340,235 | ​ | —
ICMS exclusion credit |  | 4,925,230 | ​ | — |  | — | ​ | 17,679,221
Employee benefits |  | 3,163,172 | ​ | 115,828 |  | 4,475,497 | ​ | 18,300
Provision for severance indemnity |  | 271,789 | ​ | 271,367 |  | 150,027 | ​ | 101,339
Tax loss carry forwards (1) | ​ | 4,292,863 | ​ | 698 |  | 6,423,820 | ​ | —
Tax goodwill Brazil |  | — | ​ | 3,126,125 |  | 2,080,987 | ​ | —
Contingency provision |  | 30,216,275 | ​ | — |  | 24,103,234 | ​ | —
Foreign Exchange differences (2) |  | 7,165,844 | ​ | — |  | 8,116,713 | ​ | —
Allowance for doubtful accounts |  | 638,484 | ​ | — |  | 915,562 | ​ | —
Assets and liabilities for placement of bonds |  | — | ​ | 2,081,271 |  | 378,901 | ​ | 2,377,870
Lease liabilities |  | 1,781,922 | ​ | — |  | 1,528,990 | ​ | —
Inventories |  | 652,669 | ​ | — |  | 469,416 | ​ | —
Distribution rights |  | — | ​ | 151,228,739 |  | — | ​ | 144,151,661
Hedge derivatives |  | — | ​ | — |  | — | ​ | —
Spare parts |  | — | ​ | 3,374,376 |  | — | ​ | —
Intangibles | ​ | 130 | ​ | 5,440,229 |  | — | ​ | —
Others | ​ | 5,906,158 | ​ | 5,326,478 |  | 3,785,655 | ​ | 7,060,830
Subtotal |  | 61,729,542 |  | 228,325,642 | ​ | 59,190,503 | ​ | 210,934,181
Total assets and liabilities net |  | 1,858,727 |  | 168,454,827 | ​ | 1,925,869 | ​ | 153,669,547
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) | Tax losses mainly associated with the subsidiary Embotelladora Andina Chile S.A. Tax losses have no expiration date in Chile.
(2) | Corresponds to deferred taxes for exchange rate differences generated on the translation of debts expressed in foreign currency that for tax purposes are recognized when incurred.
Schedule of movement in deferred income tax accounts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Movement |  | 12.31.2021 |  | 12.31.2020 |  | 12.31.2019
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Opening balance |  | 151,743,678 | ​ | 168,085,407 | ​ | 145,245,948
Increase (decrease) in deferred tax |  | 4,507,688 | ​ | 4,411,619 | ​ | 20,905,005
Increase (decrease) due to foreign currency translation* |  | 10,344,734 | ​ | (20,753,348) | ​ | 1,934,454
Total movements |  | 14,852,422 | ​ | (16,341,729) | ​ | 22,839,459
Ending balance |  | 166,596,100 | ​ | 151,743,678 | ​ | 168,085,407
​ * Includes IAS 29 effect, due to inflation in Argentina

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References No definition available. + Details
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