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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2021
PROPERTY PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

11 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at the close of each period is detailed as follows:

Property, plant and equipment, gross

    

12.31.2021

    

12.31.2020

ThCh$

ThCh$

Construction in progress

 

56,280,594

 

34,194,083

Land

 

101,286,107

 

94,321,726

Buildings

 

306,300,748

 

266,921,167

Plant and equipment

 

613,537,377

 

515,395,328

Information technology equipment

 

29,470,242

 

24,323,557

Fixed installations and accessories

 

61,264,172

 

45,558,495

Vehicles

 

56,346,552

 

45,808,748

Leasehold improvements

 

322,036

 

203,164

Rights of use (1)

69,616,828

56,726,206

Other properties, plant and equipment (2)

 

383,403,363

 

314,602,940

Total Property, plant and equipment, gross

 

1,677,828,019

 

1,398,055,414

Accumulated depreciation of Property, plant and equipment

    

12.31.2021

    

12.31.2020

 

ThCh$

 

ThCh$

Buildings

 

(102,957,623)

 

(86,004,289)

Plant and equipment

 

(443,885,822)

 

(369,605,125)

Information technology equipment

 

(23,857,025)

 

(19,445,250)

Fixed installations and accessories

 

(38,165,051)

 

(27,910,603)

Vehicles

 

(37,161,952)

 

(29,397,964)

Leasehold improvements

 

(208,747)

 

(144,022)

Rights of use (1)

 

(45,962,853)

 

(35,388,929)

Other properties, plant and equipment (2)

 

(269,249,819)

 

(224,582,687)

Total accumulated depreciation

 

(961,448,892)

 

(792,478,869)

Total Property, plant and equipment, net

716,379,127

605,576,545

(1)For adoption of IFRS 16, See details of underlying assets in Note 11.1
(2)The net balance of each of these categories is presented below:

Other Property, plant and equipment, net

    

12.31.2021

    

12.31.2020

ThCh$

ThCh$

Bottles

 

36,546,377

30,275,255

Marketing and promotional assets (market assets)

 

55,210,620

44,106,959

Other Property, plant and equipment

 

22,396,547

15,638,039

Total

 

114,153,544

90,020,253

11.1     Movements

Movements in Property, plant and equipment are detailed as follows:

  

  

  

  

  

  

Fixed

  

    

  

  

  

  

    

    

IT

facilities and

Leasehold

Property, plant

    

Construction in

    

    

Plant and

equipment

    

accessories,

    

    

improvements,

    

    

Rights-of-use,

    

& equipment,

progress

Land

Buildings, net

equipment, net

net

net

Vehicles, net

net

Others

net (1)

net

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$ 

ThCh$

Opening balance at 01.01.2021

 

34,194,083

94,321,726

180,916,878

145,790,203

4,878,307

17,647,892

16,410,784

59,142

90,020,253

21,337,277

605,576,545

Additions

 

61,100,226

3,708,881

19,025,057

1,428,080

12,068

171,420

8,738

47,426,736

132,881,206

Right-of use additions

9,070,997

9,070,997

Disposals

 

(74,476)

(276,312)

(277,845)

(3,896)

(11)

(9,573)

(3,156,795)

(3,798,908)

Transfers between items of Property, plant and equipment

 

(39,845,790)

4,370,826

21,182,049

751,603

606,279

4,771,885

88,345

8,074,803

Right-of-use transfers

Depreciation expense

 

(7,862,888)

(32,058,439)

(2,219,235)

(3,700,948)

(4,054,092)

(51,774)

(43,651,397)

(93,598,773)

Amortization

(8,386,063)

(8,386,063)

Increase (decrease) due to foreign currency translation differences

 

6,513,216

6,964,382

21,941,520

23,364,406

658,167

3,080,061

2,264,353

8,840

16,399,966

1,759,346

82,954,257

Other increase (decrease) (2)

 

(5,606,665)

(1)

544,220

(7,373,876)

120,191

5,453,780

(370,177)

(2)

(960,022)

(127,582)

(8,320,134)

Total movements

 

22,086,511

6,964,381

22,426,247

23,861,352

734,910

5,451,229

2,773,816

54,147

24,133,291

2,316,698

110,802,582

Ending balance al 12.31.2021

 

56,280,594

101,286,107

203,343,125

169,651,555

5,613,217

23,099,121

19,184,600

113,289

114,153,544

23,653,975

716,379,127

(1)Right of use assets is composed as follows:

    

    

Accumulated 

    

Right-of-use

Gross asset

depreciation

Net asset

 

ThCh$

 

ThCh$

 

ThCh$

Constructions and buildings

 

4,042,921

 

(2,140,590)

 

1,902,331

Plant and Equipment

 

43,450,544

 

(27,325,328)

 

16,125,216

IT Equipment

 

997,458

 

(750,993)

 

246,465

Motor vehicles

 

12,171,762

 

(7,065,299)

 

5,106,463

Others

 

8,954,143

 

(8,680,643)

 

273,500

Total

 

69,616,828

 

(45,962,853)

 

23,653,975

Lease liabilities interest expenses at the closing of the period reached CLP 1,816,506 thousand.

(2)Corresponds mainly to the effect of adopting IAS 29 in Argentina.

Fixed

    

    

    

    

    

IT

    

facilities and

    

    

Leasehold

    

    

    

Property, plant

Construction in

Plant and

equipment,

accessories,

improvements,

Rights-of-use,

& equipment,

progress

Land

Buildings, net

equipment, net

net

net

Vehicles, net

net

Others

net (1)

net

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$ 

ThCh$

Opening balance at 01.01.2020

 

27,290,581

104,196,754

211,973,775

185,353,224

5,001,845

19,843,281

21,961,147

70,021

114,784,403

32,243,832

722,718,863

Additions

 

37,726,227

1,520,363

8,963,015

809,348

(1,313)

1,323,740

30,536,408

80,877,788

Right-of use additions

1,775,457

1,775,457

Disposals

(164,113)

(2,485,145)

(2,426)

(22,823)

(6,046,468)

(87,043)

(8,808,018)

Transfers between items of Property, plant and equipment

(23,336,382)

2,177,344

8,858,066

1,151,754

1,175,520

906,624

50,356

9,016,718

Right-of-use transfers

 

Depreciation expense

 

(7,240,230)

(33,465,104)

(2,058,555)

(2,803,621)

(4,963,835)

(44,630)

(48,830,152)

(99,406,127)

Amortization

 

(7,851,901)

(7,851,901)

Increase (decrease) due to foreign currency translation differences

 

(3,086,288)

(9,936,257)

(29,231,570)

(19,859,576)

(829,268)

(628,317)

(3,124,155)

(16,605)

(11,400,730)

(4,728,542)

(82,841,308)

Other increase (decrease) (2)

 

(4,400,055)

61,229

1,881,309

(1,574,277)

805,609

62,342

330,086

1,960,074

(14,526)

(888,209)

Total movements

 

6,903,502

(9,875,028)

(31,056,897)

(39,563,021)

(123,538)

(2,195,389)

(5,550,363)

(10,879)

(24,764,150)

(10,906,555)

(117,142,318)

Ending balance al 12.31.2020

 

34,194,083

94,321,726

180,916,878

145,790,203

4,878,307

17,647,892

16,410,784

59,142

90,020,253

21,337,277

605,576,545

(1)Right of use assets is composed as follows:

Accumulated

Right-of-use

    

Gross asset

    

depreciation

    

Net asset

ThCh$

ThCh$

ThCh$

Constructions and buildings

2,740,852

(1,326,250)

1,414,602

Plant and Equipment

37,671,980

(19,802,307)

17,869,673

IT Equipment

451,313

(449,249)

2,064

Motor vehicles

7,298,422

(5,966,204)

1,332,218

Others

8,563,639

(7,844,919)

718,720

Total

56,726,206

(35,388,929)

21,337,277

Lease liabilities interest expenses at the closing of the period reached CLP 1,873,571 thousand.

(2)Corresponds mainly to the effect of adopting IAS 29 in Argentina

    

    

    

    

    

    

Fixed facilities

    

    

    

    

Plant and

IT

 and

Leasehold

Construction

equipment,

Equipment,

accessories,

improvements,

Other,

    

Property, plant and 

in progress

Land

Buildings, net

net

net

net

Vehicles, net

net

net

Rights-of-use

equipment, net

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

Opening balance at 01.01.2019

 

26,048,670

100,479,196

214,160,351

207,403,985

5,184,721

21,057,169

21,798,601

32,177

114,606,098

 

710,770,968

Additions

 

49,134,461

749,800

11,582,259

675,974

7,271

(342,001)

1,309

32,640,210

 

94,449,283

Right-of use additions (3)

 

21,721,728

 

21,721,728

Disposals

 

(8,761)

(5,902)

(352,204)

(977)

(8,911)

(52,095)

(155)

(1,135,304)

 

(1,564,309)

Transfers between items of Property, plant and equipment

 

(48,358,902)

2,268,316

430,971

20,735,065

1,019,048

1,379,012

7,650,847

65,250

14,810,393

 

Right-of-use transfers

 

(25,991)

(266,007)

(13,788,120)

(23,712)

(1,181,465)

(2,520,405)

17,805,700

 

Depreciation expense

 

(7,681,481)

(37,572,910)

(1,949,851)

(2,977,512)

(6,267,039)

(30,737)

(42,410,016)

 

(98,889,546)

Amortization (2)

 

(8,254,568)

 

(8,254,568)

Increase (decrease) due to foreign currency translation differences

 

688,063

1,529,526

4,685,319

3,228,519

83,757

386,253

464,563

2,177

2,216,555

1,024,539

 

14,309,271

Other increase (decrease) (1)

(186,959)

(80,284)

(99,276)

(5,883,370)

12,885

(1)

(110,264)

(3,423,128)

(53,567)

(9,823,964)

Total movements

1,241,911

3,717,558

(2,186,576)

(22,050,761)

(182,876)

(1,213,888)

162,546

37,844

178,305

32,243,832

11,947,895

Ending balance at 12.31. 2019

27,290,581

104,196,754

211,973,775

185,353,224

5,001,845

19,843,281

21,961,147

70,021

114,784,403

32,243,832

722,718,863

(1)Mainly correspond to effects of IAS 29 in Argentina,
(2)Of the total of CLP 8,254,568 thousand recorded as amortization for the current period, CLP 5,994,037 thousand correspond to right-of-use amortization arising from the adoption of the IFRS, effective beginning on January 1, 2019, the remaining CLP 2,260,531 thousand correspond to depreciation (today amortization) of goods acquired under the financial lease method, which until December 31, 2018 were classified and valued pursuant to the accounting criteria of property, plant and equipment,
(3)For IFRS 16 adoption