XML 73 R58.htm IDEA: XBRL DOCUMENT

EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

EQUITY

Schedule of number of shares


		Number of subscribed, paid-in and voting shares
Series		2021		2020
A		473,289,301		473,289,301
B		473,281,303		473,281,303

Schedule of equity


		Paid-in and subscribed capital
Series		2021		2020
		ThCh$		ThCh$
A		135,379,504		135,379,504
B		135,358,070		135,358,070
Total		270,737,574		270,737,574

Schedule of dividends declared and paid



				Dividend		Profits imputable		CLP		CLP
Periods approved - paid				type		to dividends		Series A		Series B
04.17.2019		05.30.2019		Final		2018 Results		21.50		23.65
04.17.2019		08.29.2019		Additional		Accumulated Earnings		21.50		23.65
09.24.2019		10.24.2019		Interim		2019 Results		21.50		23.65
12.20.2019		01.23.2020		Interim		2019 Results		22.60		24.86
02-25-2020		05-29-2020		Final		2019 Earnings		26.00		28.60
02-25-2020		08-28-2020		Additional		Accumulated Earnings		26.60		28.60
10-27-2020		11-24-2020		Interim		2020 Earnings		26.60		28.60
12-22-2020		01-29-2021		Interim		2020 Earnings		26.00		28.60
04-15-2021		05-28-2021		Final		2020 Earnings		26.00		28.60
04-15-2021		08-27-2021		Additional		2020 Earnings		26.00		28.60
09-28-2021		10-29-2021		Interim		2021 Earnings		29.00		31.90
12-21-2021		01-28-2022		Interim		2021 Earnings		29.00		31.90

Schedule of other reserves


Concept		12.31.2021		12.31.2020		12.31.2019
		ThCh$		ThCh$		ThCh$
Polar acquisition		421,701,520		421,701,520		421,701,520
Foreign currency translation reserves		(441,580,088)		(517,496,486)		(339,076,340)
Cash flow hedge reserve		50,603,698		(24,719,533)		(14,850,683)
Reserve for employee benefit actuarial gains or losses		(4,885,926)		(4,663,193)		(2,230,752)
Legal and statutory reserves		5,435,538		5,435,538		5,435,538
Other		6,014,568		6,014,568		6,014,568
Total		37,289,310		(113,727,586)		76,993,851

Schedule of foreign currency translation reserves


Description		12.31.2021		12.31.2020		12.31.2019
		ThCh$		ThCh$		ThCh$
Brazil		(167,447,389)		(203,657,392)		(98,794,118)
Argentina		(294,696,228)		(291,332,402)		(246,415,922)
Paraguay		20,563,529		(22,506,692)		6,133,700
Total		(441,580,088)		(517,496,486)		(339,076,340)

Schedule of movement in foreign currency translation reserves


Description		12.31.2021		12.31.2020		12.31.2019
		ThCh$		ThCh$		ThCh$
Brazil		36,210,003		(104,863,274)		15,386,079
Argentina		(3,363,826)		(44,916,480)		(45,297,742)
Paraguay		43,070,221		(28,640,392)		(2,490,149)
Total		75,916,398		(178,420,146)		(32,401,812)

Schedule of consolidated statements of comprehensive income


		Gross
		Balance		Tax		Net Balance
Cash Flow for hedge (1)		104,232,055		(28,944,992)		75,287,063
Exchange rate translation differences (1)		98,973,862		(22,103,267)		76,870,595
Benefit related to defined benefit plans		(357,840)		96,617		(261,223)
Total Comprehensive income as of December 31, 2021		202,848,077		(50,951,642)		151,896,435


		Gross
		Balance		Tax		Net Balance
Cash Flow for hedge (1)		(12,203,755)		2,334,037		(9,869,718)
Exchange rate translation differences (1)		(264,119,093)		84,571,922		(179,547,171)
Benefit related to defined benefit plans		(3,146,362)		849,518		(2,296,844)
Total Comprehensive income as of December 31, 2020		(279,469,210)		87,755,477		(191,713,733)


		Gross
		Balance		Tax		Net Balance
Cash Flow for hedge (1)		(1,865,233)		683,482		(1,181,751)
Exchange rate translation differences (1)		(41,844,584)		9,295,546		(32,549,038)
Benefit related to defined benefit plans		(379,007)		102,332		(276,675)
Total Comprehensive income as of December 31, 2019		(44,088,824)		10,081,360		(34,007,464)

(1)These concepts will be reclassified to the statements of income when it is settled,

Schedule of movement in comprehensive income


						Benefit related
		Cash Flow		Exchange rate		to defines
As of December 31, 2021:		Hedge		Differences		benefit plans
		M$		M$		M$
Increase (decrease)		102,529,128		98,973,862		3,026,996
Deferred taxes		(28,469,748)		(22,103,267)		(817,289)
Reclassification to the result by function		1,227,683		—		(2,470,930)
Reclassification of deferred taxes related to other reserves		—		—		—
Total Changes in Equity		75,287,063		76,870,595		(261,223)
Majority Equity holders		75,323,231		75,916,398		(222,733)
Non-Controlling interests		(36,168)		954,197		(38,490)
Total Changes in equity as of December 31, 2021		75,287,063		76,870,595		(261,223)


						Benefit related
		Cash Flow		Exchange rate		to defines
As of December 31, 2020:		Hedge		Differences		benefit plans
		M$		M$		M$
Increase (decrease)		(11,029,171)		(264,119,093)		(3,338,354)
Deferred taxes		2,029,363		84,571,923		901,356
Reclassification to the result by function		(869,910)		—		140,153
Reclassification of deferred taxes related to other reserves		—		—		—
Total Changes in Equity		(9,869,718)		(179,547,170)		(2,296,845)
Majority Equity holders		(9,686,850)		(178,420,146)		(2,432,441)
Non-Controlling interests		(868)		(1,127,024)		135,596
Total Changes in equity as of December 31, 2020		(9,869,718)		(179,547,170)		(2,296,845)


						Benefit related
		Cash Flow		Exchange rate		to defines
As of December 31, 2019:		Hedge		Differences		benefit plans
		M$		M$		M$
Increase (decrease)		(1,724,004)		(41,844,584)		53,511
Deferred taxes		340,835		9,295,546		(14,448)
Reclassification to the result by function		118,779		—		(432,518)
Reclassification of deferred taxes related to other reserves		82,639		—		116,780
Total Changes in Equity		(1,181,751)		(32,549,038)		(276,675)
Major Equity holders		(1,181,751)		(32,401,812)		(276,675)
Non-Controlling interests		—		(147,226)		—
Total Changes in equity as of December 31, 2019		(1,181,751)		(32,549,038)		(276,675)

Schedule of non-controlling interests


		Non-controlling Interests
		Ownership %						Shareholders’ Equity						Income
								December		December		December		December		December		December
Details		2021		2020		2019		2021		2020		2019		2021		2020		2019
								ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Embotelladora del Atlántico S.A.		0.0171		0.0171		0.0171		33,794		23,662		26,342		3,463		2,312		4,183
Andina Empaques Argentina S.A.		0.0209		0.0209		0.0209		3,761		2,349		2,290		326		244		409
Paraguay Refrescos S.A.		2.1697		2.1697		2.1697		6,331,726		5,037,332		5,368,470		885,010		791,576		622,188
Vital S.A.		35.0000		35.0000		35.0000		8,056,551		8,176,999		7,904,741		499,923		285,269		263,442
Vital Aguas S.A.		33.5000		33.5000		33.5000		2,041,837		1,912,023		1,803,884		130,522		109,110		105,870
Envases Central S.A.		40.7300		40.7300		40.7300		5,738,008		5,227,112		5,148,531		750,192		(70,996)		528,205
Re-Ciclar S.A.*		40.0000		—		—		3,064,078		—		—		64,082		—		—
Total								25,269,755		20,379,477		20,254,258		2,333,518		1,117,515		1,524,297

(*) Re-Ciclar is a company, whose purpose is to produce recycled resin for the Coca-Cola system and third parties. Non-controlling interest reaches 40.0%.

Schedule of subsidiaries financial information


				Andina
		Embotelladora		Empaques		Paraguay
		Del Atlantico		Argentina		Refrescos		Vital Jugos		Vital Aguas		Envases
December 31,2021		S.A.		S.A.		S.A.		S.A.		S.A.		Central S.A.
Total current assets		107,589,399		13,197,912		64,121,536		25,441,586		5,575,990		17,976,170
Total non-current assets		209,051,488		11,865,984		279,148,198		16,832,859		5,789,335		20,945,892
Total current liabilities		98,942,717		6,210,788		34,207,817		17,498,997		4,934,841		20,091,524
Total non-current liabilities		19,520,634		868,253		17,242,154		1,756,730		335,449		4,742,707
Net sales		517,466,510		30,750,914		169,216,180		64,513,412		16,005,176		77,475,816
Net Income		20,307,709		1,558,476		40,788,801		1,428,350		389,619		1,841,867


				Andina
		Embotelladora		Empaques		Paraguay
		Del Atlantico		Argentina		Refrescos		Vital Jugos		Vital Aguas		Envases
December 31,2020		S.A.		S.A.		S.A.		S.A.		S.A.		Central S.A.
Total current assets		65,077,621		6,212,726		44,658,550		21,175,722		3,798,228		15,600,566
Total non-current assets		140,891,069		8,247,288		226,241,150		14,306,662		7,297,306		18,205,899
Total current liabilities		56,982,545		2,733,092		24,337,015		11,812,384		3,897,100		13,908,411
Total non-current liabilities		10,226,241		491,364		14,399,594		307,146		1,490,904		7,064,568
Net sales		309,936,060		15,148,572		157,152,584		42,955,659		12,929,160		62,267,424
Net Income		13,386,097		1,168,507		36,482,572		815,053		325,700		(174,313)


				Andina
		Embotelladora		Empaques		Paraguay
		Del Atlantico		Argentina		Refrescos		Vital Jugos		Vital Aguas		Envases
December 31,2019		S.A.		S.A.		S.A.		S.A.		S.A.		Central S.A.
Total current assets		73,309,861		4,350,074		41,266,559		18,534,272		5,266,575		16,265,862
Total non-current assets		160,885,628		9,433,294		248,309,451		15,475,979		8,527,624		20,903,184
Total current liabilities		66,987,371		2,212,255		25,990,081		11,150,695		5,794,282		18,732,369
Total non-current liabilities		12,732,620		618,031		16,161,177		274,583		2,615,188		5,796,119
Net sales		384,856,368		18,509,124		158,892,010		46,818,385		18,201,656		70,633,817
Net Income		24,531,815		1,954,024		28,675,727		752,692		316,031		1,296,840

Schedule of earnings per share


Earnings per share		12.31.2021
		SERIES A		SERIES B
Earnings attributable to shareholders (ThCh$)		73,666,409		81,031,741
Average weighted number of shares		473,289,301		473,281,303
Earnings per share (in CLP)		155.65		171.21


Earnings per share		12.31.2020
		SERIES A		SERIES B
Earnings attributable to shareholders (ThCh$)		58,095,636		63,904,169
Average weighted number of shares		473,289,301		473,281,303
Earnings per share (in CLP)		122.75		135.02


Earnings per share		12.31.2019
		SERIES A		SERIES B
Earnings attributable to shareholders (ThCh$)		82,725,427		90,996,501
Average weighted number of shares		473,289,301		473,281,303
Earnings per share (in CLP)		174.79		192.27