XML 41 R23.htm IDEA: XBRL DOCUMENT
v3.23.1

OTHER CURRENT AND NON-CURRENT FINANCIAL LIABILITIES | 12 Months Ended
--- | ---
Dec. 31, 2022
OTHER CURRENT AND NON-CURRENT FINANCIAL LIABILITIES |
OTHER CURRENT AND NON-CURRENT FINANCIAL LIABILITIES | 17 – OTHER CURRENT AND NON-CURRENT FINANCIAL LIABILITIES Liabilities are detailed as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance
​ | ​ | Current | ​ | Non-current
​ |  | 12.31.2022 |  | 12.31.2021 |  | 12.31.2022 |  | 12.31.2021
​ | ​ | ThCh$ | ​ | ThCh$ |  | ThCh$ | ​ | ThCh$
Bank loans (Note 17.1.1 - 3) |  | 688,800 | ​ | 26,617 | ​ | 13,366,211 | ​ | 4,000,000
Bonds payable, net (1) (Note 17.2) |  | 340,767,980 | ​ | 25,383,339 | ​ | 763,368,160 | ​ | 1,020,661,942
Bottle guaranty deposits |  | 16,427,144 | ​ | 13,402,885 | ​ | — | ​ | —
Derivative contract liabilities (Note 17.3) |  | 2,317,577 | ​ | 758,663 | ​ | 112,175,058 | ​ | —
Lease liabilities (Note 17.4.1 - 2) |  | 7,100,579 | ​ | 8,191,535 | ​ | 15,892,629 | ​ | 16,387,030
Total |  | 367,302,080 | ​ | 47,763,039 | ​ | 904,802,058 | ​ | 1,041,048,972
(1) Amounts net of issuance expenses and discounts related to issuance. The fair value of financial assets and liabilities is presented below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Book value |  | Fair value |  | Book value |  | Fair value
Current | ​ | 12.31.2022 | ​ | 12.31.2022 | ​ | 12.31.2021 | ​ | 12.31.2021
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Cash and cash equivalent (2) |  | 291,681,987 | ​ | 291,681,987 | ​ | 304,312,020 | ​ | 304,312,020
Financial assets at fair value (1) |  | 170,206,554 | ​ | 170,206,554 | ​ | 961,705 | ​ | 961,705
Trade debtors and other accounts receivable (2) |  | 279,770,286 | ​ | 279,770,286 | ​ | 265,490,626 | ​ | 265,490,626
Accounts receivable related companies (2) |  | 15,062,167 | ​ | 15,062,167 | ​ | 9,419,050 | ​ | 9,419,050
Bank liabilities (2) |  | 688,800 | ​ | 107,114 | ​ | 26,617 | ​ | 111,992
Bonds payable (2) |  | 340,767,980 | ​ | 339,666,507 | ​ | 25,383,339 | ​ | 26,774,799
Bottle guaranty deposits (2) |  | 16,427,144 | ​ | 16,427,144 | ​ | 13,402,885 | ​ | 13,402,885
Forward contracts liabilities (see Note 22) (1) |  | 2,317,577 | ​ | 2,317,577 | ​ | 758,663 | ​ | 758,663
Leasing agreements (2) |  | 7,100,579 | ​ | 7,100,579 | ​ | 8,191,535 | ​ | 8,191,535
Accounts payable (2) | ​ | 384,801,630 | ​ | 384,801,630 | ​ | 327,409,207 | ​ | 327,409,207
Accounts payable related companies (2) | ​ | 90,248,067 | ​ | 90,248,067 | ​ | 56,103,461 | ​ | 56,103,461
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current |  | 12.31.2022 |  | 12.31.2022 |  | 12.31.2021 |  | 12.31.2021
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Financial assets at fair value (1) |  | 75,297,737 | ​ | 75,297,737 | ​ | 281,337,127 | ​ | 281,337,127
Non-current accounts receivable (2) | ​ | 539,920 | ​ | 539,920 | ​ | 126,464 | ​ | 126,464
Accounts receivable related companies (2) |  | 109,318 | ​ | 109,318 | ​ | 98,940 | ​ | 98,940
Bank liabilities (2) |  | 13,366,211 | ​ | 13,921,569 | ​ | 4,000,000 | ​ | 4,056,753
Bonds payable (2) |  | 763,368,160 | ​ | 729,602,210 | ​ | 1,020,661,942 | ​ | 1,041,841,338
Leasing agreements (2) | ​ | 15,892,629 | ​ | 15,892,629 | ​ | 16,387,030 | ​ | 16,387,030
Non-current accounts payable (2) |  | 3,015,284 | ​ | 3,015,284 | ​ | 256,273 | ​ | 256,273
Derivative contracts liabilities (see Note 22) (1) | ​ | 112,175,058 | ​ | 112,175,058 | ​ | — | ​ | —
Accounts payable related companies (2) | ​ | 10,354,296 | ​ | 10,354,296 | ​ | 11,557,723 | ​ | 11,557,723
(1) | Fair values are based on discounted cash flows using market discount rates at the close of the six-month and one-year period and are classified as Level 2 of the fair value measurement hierarchies.
​
(2) | Financial instruments such as: Cash and Cash Equivalents, Trade debtors and Other Accounts Receivable, Accounts Receivable related companies, Bottle Guarantee Deposits Trade Accounts Payable, and Other Accounts Payable related companies present a fair value that approximates their carrying value, considering the nature and term of the obligation. The business model is to maintain the financial instrument in order to collect/pay contractual cash flows, in accordance with the terms of the contract, where cash flows are received/cancelled on specific dates that exclusively constitute payments of principal plus interest on that principal. These instruments are revalued at amortized cost.
​ 17.1 Bank liabilities ​ 17.1.1 Bank liabilities, current ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Maturity | ​ | Total
Indebted Entity | ​ | Creditor Entity | ​ | ​ | ​ | Type of | ​ | Nominal | ​ | Up to | ​ | 90 days to | ​ | At | ​ | At
Taxpayer ID |  | Name |  | Country |  | Taxpayer ID |  | Name |  | Country |  | Currency |  | Amortization |  | Rate |  | 90 days |  | 1 year |  | 12.31.2022 |  | 12.31.2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
96.705.990-0 | ​ | Envases Central S.A. | ​ | Chile | ​ | 97.006.000-6 | ​ | Banco Estado | ​ | Chile | ​ | CLP | ​ | Semiannually | ​ | 2.00 | % | 28,683 | ​ | — | ​ | 28,683 | ​ | 26,617
77.427.659-9 | ​ | Re-Ciclar S.A. | ​ | Chile | ​ | 97.018.000-1 | ​ | Scotiabank Chile S.A. | ​ | Chile | ​ | CLP | ​ | Semiannually | ​ | 9.49 | % | — | ​ | 53,350 | ​ | 53,350 | ​ | —
91.144.000-8 | ​ | Embotelladora Andina S.A. | ​ | Chile | ​ | 97.023.000-9 | ​ | Itaú Corpbanca | ​ | Chile | ​ | UF | ​ | At maturity | ​ | 0.18 | % | 21,207 | ​ | — | ​ | 21,207 | ​ | —
91.144.000-8 | ​ | Embotelladora Andina S.A. | ​ | Chile | ​ | 97.023.000-9 | ​ | Itaú Corpbanca | ​ | Chile | ​ | UF | ​ | At maturity | ​ | 0.18 | % | 585,560 | ​ | — | ​ | 585,560 | ​ | —
Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 688,800 | ​ | 26,617
​ 17.1.2 Bank liabilities, non-current ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Maturity
Indebted entity | ​ | Creditor entity | ​ | ​ | ​ | Type of | ​ | Nominal | ​ | 1 year up to | ​ | More than 2 | ​ | More than 3 | ​ | More than 4 | ​ | More than 5 | ​ | At
Taxpayer ID |  | Name |  | Country |  | Taxpayer ID |  | Name |  | Country |  | Currency |  | Amortization |  | Rate |  | 2 years |  | Up to 3 years |  | Up to 4 years |  | Up to 5 years |  | years |  | 12.31.2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
96.705.990-0 | ​ | Envases Central S.A. | ​ | Chile | ​ | 97.006.000-6 | ​ | Banco Estado | ​ | Chile | ​ | CLP | ​ | Semiannually | ​ | 2.00 | % | — | ​ | — | ​ | 4,000,000 | ​ | — | ​ | — | ​ | 4,000,000
77.427.659-9 | ​ | Re-Ciclar S.A. | ​ | Chile | ​ | 97.018.000-1 | ​ | Scotiabank Chile S.A. | ​ | Chile | ​ | CLP | ​ | Semiannually | ​ | 9.49 | % | — | ​ | 4,500,000 | ​ | — | ​ | — | ​ | — | ​ | 4,500,000
77.427.659-9 | ​ | Re-Ciclar S.A. | ​ | Chile | ​ | 97.018.000-1 | ​ | Scotiabank Chile S.A. | ​ | Chile | ​ | UF | ​ | Semiannually | ​ | 3.32 | % | — | ​ | 4,866,211 | ​ | — | ​ | — | ​ | — | ​ | 4,866,211
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | 13,366,211
​ 17.1.3 Bank liabilities, non-current previous year ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Maturity
Indebted entity | ​ | Creditor entity | ​ | ​ | ​ | Type of | ​ | Nominal | ​ | 1 year up to | ​ | More than 2 | ​ | More than 3 | ​ | More than 4 | ​ | More than 5 | ​ | At
Taxpayer ID |  | Name |  | Country |  | Taxpayer ID |  | Name |  | Country |  | Currency |  | Amortization |  | Rate |  | 2 years |  | Up to 3 years |  | Up to 4 years |  | Up to 5 years |  | years |  | 12.31.2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
96.705.990-0 | ​ | Envases Central S.A. | ​ | Chile | ​ | 97.006.000-6 | ​ | Banco Estado | ​ | Chile | ​ | CLP | ​ | Semiannually | ​ | 2.00 | % | — | ​ | — | ​ | 4,000,000 | ​ | — | ​ | — | ​ | 4,000,000
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | 4,000,000
​ 17.1.4 Current and non-current bank obligations “Restrictions” Bank obligations are not subject to restrictions for the reported periods. 17.2 Bond obligations ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Current | ​ | Non-current | ​ | Total
Composition of bonds payable |  | 12.31.2022 |  | 12.31.2021 |  | 12.31.2022 |  | 12.31.2021 |  | 12.31.2022 |  | 12.31.2021
​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Bonds face value 1 |  | 341,478,129 | ​ | 26,103,215 | ​ | 769,765,783 | ​ | 1,027,864,462 | ​ | 1,104,136,139 | ​ | 1,053,970,677
​ 17.2.1 Current and non-current balances Bonds payable correspond to bonds in UF issued by the parent company on the Chilean market and bonds in U.S. dollars issued by the Parent Company on the international market. A detail of these instruments is presented below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  | ​ | Current nominal | ​ | Adjustment | ​ | Interest | ​ | Final | ​ | Interest | ​ | Current |  | Non-current
Bonds |  | Series |  | amount |  | unit |  | rate |  | maturity |  | payment |  | 12.31.2022 |  | 12.31.2021 |  | 12.31.2022 |  | 12.31.2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThCh$ | ​ | ThCh$ |  | ThCh$ | ​ | ThCh$
CMF Registration 254 06.13.2001 |  | B |  | 1,253,683 |  | UF |  | 6.50 | % | 12.01.2026 |  | Semiannually |  | 10,513,470 | ​ | 8,769,787 | ​ | 28,795,438 | ​ | 34,515,188
CMF Registration 641 08.23.2010 |  | C |  | 1,227,273 |  | UF |  | 4.00 | % | 08.15.2031 |  | Semiannually |  | 5,427,888 | ​ | 4,853,856 | ​ | 38,302,888 | ​ | 38,035,317
CMF Registration 760 08.20.2013 |  | D |  | 4,000,000 |  | UF |  | 3.80 | % | 08.16.2034 |  | Semiannually |  | 1,967,995 | ​ | 1,737,109 | ​ | 140,443,920 | ​ | 123,966,960
CMF Registration 760 04.02.2014 |  | E |  | 3,000,000 |  | UF |  | 3.75 | % | 03.01.2035 |  | Semiannually |  | 1,304,513 | ​ | 1,151,467 | ​ | 105,332,951 | ​ | 92,975,229
CMF Registration 912 10.10.2018 | ​ | F | ​ | 5,700,000 | ​ | UF | ​ | 2.83 | % | 09.25.2039 | ​ | Semiannually | ​ | 1,491,144 | ​ | 1,316,202 | ​ | 200,132,586 | ​ | 176,652,918
Bonds USA 2023 10.01.2013 | ​ | — | ​ | 365,000,000 | ​ | USD | ​ | 5.00 | % | 10.01.2023 | ​ | Semiannually | ​ | 316,293,761 | ​ | 3,853,898 | ​ | — | ​ | 308,311,850
Bonds USA 2050 01.01.2020 |  | — |  | 300,000,000 |  | USD |  | 3.95 | % | 01.21.2050 |  | Semiannually |  | 4,479,358 | ​ | 4,420,896 | ​ | 256,758,000 | ​ | 253,407,000
​ |  |  |  |  |  |  |  |  |  | ​ |  | Total |  | 341,478,129 | ​ | 26,103,215 | ​ | 769,765,783 | ​ | 1,027,864,462
​ 17.2.2 Non-current maturities ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year of maturity | ​ | Total Non-
​ | ​ | ​ | ​ | More than 1 | ​ | More than 2 | ​ | More than 3 | ​ | ​ | ​ | current
​ |  | Series |  | up to 2 |  | up to 3 |  | up to 4 |  | More than 5 |  | 12.31.2022
​ | ​ | ​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
CMF Registration 254 06.13.2001 |  | B |  | 10,977,281 | ​ | 11,690,803 | ​ | 6,127,354 | ​ | — | ​ | 28,795,438
CMF Registration 641 08.23.2010 |  | C |  | 4,787,861 | ​ | 4,787,861 | ​ | 4,787,861 | ​ | 23,939,305 | ​ | 38,302,888
CMF Registration 760 08.20.2013 |  | D |  | — | ​ | — | ​ | — | ​ | 140,443,920 | ​ | 140,443,920
CMF Registration 760 04.02.2014 |  | E |  | — | ​ | — | ​ | — | ​ | 105,332,951 | ​ | 105,332,951
CMF Registration 912 10.10.2018 |  | F |  | — | ​ | — | ​ | — | ​ | 200,132,586 | ​ | 200,132,586
Bonds USA 2050 |  | — |  | — | ​ | — | ​ | — | ​ | 256,758,000 | ​ | 256,758,000
Total |  |  |  | 15,765,142 | ​ | 16,478,664 | ​ | 10,915,215 | ​ | 726,606,762 | ​ | 769,765,783
​ 17.2.3 Market rating The bonds issued on the Chilean market had the following rating: ​
​ | ​
AA+ | : | ICR Compañía Clasificadora de Riesgo Ltda. rating
AA+ | : | Fitch Chile Clasificadora de Riesgo Limitada rating
​ The rating of bonds issued on the international market had the following rating: ​
​ | ​ | ​
BBB | : | Standard&Poors Global Ratings
BBB+ | : | Fitch Ratings Inc.
​ 17.2.4 Restrictions 17.2.4.1 Restrictions regarding bonds placed abroad. Obligations with bonds placed abroad are not affected by financial restrictions for the periods reported. 17.2.4.2 Restrictions regarding bonds placed in the local market. The following financial information was used for calculating restrictions: ​
​ | ​ | ​
​ |  | 12.31.2022
​ | ​ | ThCh$
Average net financial debt last 4 quarters |  | 566.228.101
Net financial debt |  | 642.079.544
Unencumbered assets |  | 2.739.790.315
Total unsecured liabilities |  | 1.881.793.665
EBITDA LTM |  | 463.623.280
Net financial expenses LTM |  | 23.350.639
​ Restrictions on the issuance of bonds for a fixed amount registered under number 254, series B1 and B2.
● | Maintain an Indebtedness Level not greater than three point five times the EBITDA. For these purposes, “Indebtedness Level” will be considered as the ratio between /a/ the average over the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated EBITDA in the period of twelve consecutive months ending at the closing of the latest “Consolidated Financial Statements of Income by Function”. Consolidated Net Financial Liabilities” will be considered as the result of : /i/ “Other Financial Liabilities, Current”, plus /ii/ “Other Financial Liabilities, Non-Current”, minus /iii/ the sum of “Cash and Cash Equivalents”; plus “Other Financial Assets, Current”; plus “Other Financial Assets, Non-Current” (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities);
EBITDA” will be considered as the addition of the following accounts of the “Consolidated Financial Statements of Income by Function” contained in the Issuer’s Consolidated Financial Statements: “Revenues from Ordinary Activities”, “Cost of Sales”, “Distribution Costs”, “Administrative Expenses” and “Other Expenses, by function”, discounting the value of “Depreciation” and “Amortization for the Year” presented in the Notes to the Issuer’s Consolidated Financial Statements. As of December 31, 2022 , this ratio was 1.20 times.
● | Maintain, and in no manner lose, sell, assign or transfer to a third party, the geographical area currently denominated as the “Metropolitan Region” (Región Metropolitana) as a territory in Chile in which we have been authorized by The Coca-Cola Company for the development, production, sale and distribution of products and brands of the licensor, in accordance to the respective bottler or license agreement, renewable from time to time.
● | Not lose, sell, assign, or transfer to a third party any other territory of Argentina or Brazil, which as of this date is franchised by TCCC to the Company for the development, production, sale and distribution of products and brands of such licensor, as long as any of these territories account for more than 40% of the Issuer’s Adjusted Consolidated Operating Cash Flow.
● | Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least equal to 1.3 times of the issuer’s unsecured consolidated liabilities.
Unsecured consolidated liabilities payable shall be regarded as the total liabilities, obligations and debts of the issuer that are not secured by real guarantees on goods and assets of the latter, voluntarily and conventionally constituted by the issuer less the asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Statement of Financial Position. Consolidated Assets free of any pledge, mortgage or other lien will only be regarded as those assets free of any pledge, mortgage or other real lien voluntarily and conventionally constituted by the issuer less asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities and under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Statement of Financial Position. As of December 31, 2022, this ratio is 1.46 times. Restrictions to bond lines registered in the Securities Registered under number 641, series C
● | Maintain an Indebtedness Level not greater than three point five times the EBITDA. For these purposes, “Indebtedness Level” will be considered as the ratio between /a/ the average over the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated EBITDA in the period of twelve consecutive months ending at the closing of the latest “Consolidated Financial Statements of Income by Function”.
Consolidated Net Financial Liabilities” will be considered as the result of: /i/ “Other Financial Liabilities, Current”, plus /ii/ “Other Financial Liabilities, Non-Current”, minus /iii/ the sum of “Cash and Cash Equivalents”; plus “Other Financial Assets, Current”; plus “Other Financial Assets, Non-Current” (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities); “EBITDA” will be considered as the addition of the following accounts of the “Consolidated Financial Statements of Income by Function” contained in the Issuer’s Consolidated Financial Statements: “Revenues from Ordinary Activities”, “Cost of Sales”, “Distribution Costs”, “Administrative Expenses” and “Other Expenses, by function”, discounting the value of “Depreciation” and “Amortization for the Year” presented in the Notes to the Issuer’s Consolidated Financial Statements. As of December 31, 2022, this ratio was 1.20 times.
● | Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least equal to 1.3 times of the issuer’s unsecured consolidated liabilities.
Unencumbered assets refer to the assets that are the property of the issuer; classified under Total Assets of the Issuer’s Financial Statements; and that are free of any pledge, mortgage or other liens constituted in favor of third parties, less “Other Current Financial Assets” and “Other Non-Current Financial Assets” of the Issuer’s Financial Statements (to the extent they correspond to asset balances of derivative financial instruments, taken to hedge exchange rate and interest rate risk of the financial liabilities). Unsecured total liabilities correspond to liabilities from Total Current Liabilities and Total Non-Current Liabilities of Issuer’s Financial Statement which do not benefit from preferences or privileges, less “Other Current Financial Assets” and “Other Non-Current Financial Assets” of the Issuer’s Financial Statements (to the extent they correspond to asset balances of derivative financial instruments, taken to hedge exchange rate and interest rate risk of the financial liabilities). As of December 31, 2022, this ratio was 1.46 times.
● | Maintain a level of “Net Financial Coverage” greater than 3 times in its quarterly financial statements. Net financial coverage means the ratio between the issuer’s EBITDA of the last 12 months and the issuer’s Net Financial Expenses in the last 12 months. Net Financial Expenses will be regarded as the difference between the absolute value of interest expense associated with the issuer’s financial debt account accounted for under “Financial Costs”; and interest income associated with the issuer’s cash accounted for under the Financial Income account. However, this restriction shall be deemed to have been breached where the mentioned level of net financial coverage is lower than the level previously indicated during two consecutive quarters.
As of December 31, 2022, Net Financial Coverage was 19.85 times. Restrictions to bond lines registered in the Securities Registrar under number 760, series D and E.
● | Maintain an Indebtedness Level not greater than three point five times the EBITDA. For these purposes, “Indebtedness Level” will be considered as the ratio between /a/ the average over the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated EBITDA in the period of twelve consecutive months ending at the closing of the latest “Consolidated Financial Statements of Results by Function”.
Consolidated Net Financial Liabilities” will be considered as the result of : /i/ “Other Financial Liabilities, Current”, plus /ii/ “Other Financial Liabilities, Non-Current”, minus /iii/ the sum of “Cash and Cash Equivalents”; plus “Other Financial Assets, Current”; plus “Other Financial Assets, Non-Current” (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities); EBITDA” will be considered as the addition of the following accounts of the “Consolidated Financial Statements of Income by Function” contained in the Issuer’s Consolidated Financial Statements: “Revenues from Ordinary Activities”, “Cost of Sales”, “Distribution Costs”, “Administrative Expenses” and “Other Expenses, by function”, discounting the value of “Depreciation” and “Amortization for the Year” presented in the Notes to the Issuer’s Consolidated Financial Statements. As of December 31, 2022, this ratio was 1.20 times.
● | Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least equal to 1.3 times of the issuer’s unsecured consolidated liabilities payable.
Unsecured Consolidated Liabilities Payable shall be regarded as the total liabilities, obligations and debts of the issuer that are not secured by real guarantees on goods and assets of the latter, voluntarily and conventionally constituted by the issuer less the asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Statement of Financial Position. The following will be considered in determining Consolidated Assets: assets free of any pledge, mortgage or other lien, as well as those assets having a pledge, mortgage or real encumbrances that operate solely by law, less asset balances of derivative financial instruments, taken to hedge exchange rate or interest rate risks on financial liabilities under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Financial Statements. Therefore, Consolidated Assets free of any pledge, mortgage or other lien will only be regarded as those assets free of any pledge, mortgage or other real lien voluntarily and conventionally constituted by the issuer less asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities and under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Statement of Financial Position. As of December 31, 2022, this ratio was 1.46 times.
● | Maintain, and in no manner, lose, sell, assign or transfer to a third party, the geographical area currently denominated as the “Metropolitan Region” as a territory franchised to the Issuer in Chile by The Coca-Cola Company, hereinafter also referred to as “TCCC” or the “Licensor” for the development, production, sale and distribution of products and brands of said licensor, in accordance to the respective bottler or license agreement, renewable from time to time. Losing said territory, means the non-renewal, early termination or cancellation of this license agreement by TCCC, for the geographical area today called “Metropolitan Region”. This reason shall not apply if, as a result of the loss, sale, transfer or disposition, of that licensed territory is purchased or acquired by a subsidiary or an entity that consolidates in terms of accounting with the Issuer.
● | Not lose, sell, assign, or transfer to a third party any other territory of Argentina or Brazil, which as of the issuance date of these instruments is franchised by TCCC to the Issuer for the development, production, sale and distribution of products and brands of such licensor, as long as any of these territories account for more than 40% of the Issuer’s Adjusted Consolidated Operating Cash Flow of the audited period immediately before the moment of loss, sale, assignment or transfer. For these purposes, the term “Adjusted Consolidated Operating Cash Flow” shall mean the addition of the following accounting accounts of the Issuer’s Consolidated Statement of Financial Position: (i) “Gross Profit” which includes regular activities and cost of sales; less (ii) “Distribution Costs”; less (iii) “Administrative Expenses”; plus (iv) “Participation in profits (losses) of associates that are accounted for using the equity method”; plus (v) ”Depreciation”; plus (vi) ”Intangibles Amortization”.
Restrictions to bond lines registered in the Securities Registrar under number 912, series F.
● | Maintain an Indebtedness Level not greater than three point five times the EBITDA. For these purposes, “Indebtedness Level” will be considered as the ratio between /a/ the average over the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated EBITDA in the period of twelve consecutive months ending at the closing of the latest “Consolidated Financial Statements of Results by Function”.
“Consolidated Net Financial Liabilities” will be considered as the result of : /i/ “Other Financial Liabilities, Current”, plus /ii/ “Other Financial Liabilities, Non-Current”, minus /iii/ the sum of “Cash and Cash Equivalents”; plus “Other Financial Assets, Current”; plus “Other Financial Assets, Non-Current” (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities); “EBITDA” will be considered as the sum of the following accounts of the “Consolidated Financial Statements of Income by Function” contained in the Issuer’s Consolidated Financial Statements: “Revenues from Ordinary Activities”, “Cost of Sales”, “Distribution Costs”, “Administrative Expenses” and “Other Expenses, by function”, discounting the value of “Depreciation” and “Amortization for the Year” presented in the Notes to the Issuer’s Consolidated Financial Statements. As of December 31, 2022, this ratio was 1.20 times.
● | Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least equal to 1.3 times of the issuer’s unsecured consolidated liabilities payable. Unsecured Consolidated Liabilities Payable shall be regarded as the total liabilities, obligations and debts of the issuer that are not secured by real guarantees on goods and assets of the latter, voluntarily and conventionally constituted by the issuer less the asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Statement of Financial Position. The following will be considered in determining Consolidated Assets: assets free of any pledge, mortgage or other lien, as well as those assets having a pledge, mortgage or real encumbrances that operate solely by law, less asset balances of derivative financial instruments, taken to hedge exchange rate or interest rate risks on financial liabilities under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Financial
| Statements. Therefore, Consolidated Assets free of any pledge, mortgage or other lien will only be regarded as those assets free of any pledge, mortgage or other real lien voluntarily and conventionally constituted by the issuer less asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities and under “Other Current Financial Assets” and “Other non-current Financial Assets” of the Issuer’s Consolidated Statement of Financial Position.
As of December 31, 2022, this ratio was 1.46 times.
● | Not lose, sell, assign, or transfer to a third party any other territory of Argentina or Brazil, which as of the issuance date of local bonds Series C, D and E is franchised by TCCC to the Issuer for the development, production, sale and distribution of products and brands of such licensor, as long as any of these territories account for more than 40% of the Issuer’s Adjusted Consolidated Operating Cash Flow of the audited period immediately before the moment of loss, sale, assignment or transfer. For these purposes, the term “Adjusted Consolidated Operating Cash Flow” shall mean the addition of the following accounting accounts of the Issuer’s Consolidated Statement of Financial Position: (i) “Gross Profit” which includes regular activities and cost of sales; less (ii) “Distribution Costs”; less (iii) “Administrative Expenses”; plus (iv) “Participation in profits (losses) of associates that are accounted for using the equity method”; plus (v) “Depreciation”; plus (vi) “Intangibles Amortization”.
As of December 31, 2022 and 2021 the Company complies with all financial covenants. 17.3 Derivative contract obligations Please see details in Note 22. 17.4 Liabilities for leasing agreements ​ 17.4.1 Current liabilities for leasing agreements ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | Maturity | ​ | Total
Indebted entity | ​ | Creditor entity | ​ | ​ | ​ | Amortization | ​ | Nominal | ​ | Up to | ​ | 90 days up to | ​ | at | ​ | at
Name |  | Country |  | Taxpayer ID |  | Name |  | Country |  | Currency |  | Type |  | Rate |  | 90 days |  | 1 year |  | 12.31.2022 |  | 12.31.2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Cogeração - Light ESCO | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 12.28 | % | 255,231 | ​ | 814,197 | ​ | 1,069,428 | ​ | 873,321
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Tetra Pack | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 7.39 | % | 29,490 | ​ | 91,801 | ​ | 121,291 | ​ | 180,136
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Real estate | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 8.10 | % | 67,708 | ​ | 87,905 | ​ | 155,613 | ​ | 267,752
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Leão Alimentos e Bebidas Ltda. | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 3.50 | % | 74,841 | ​ | 224,521 | ​ | 299,362 | ​ | 289,409
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Tetra Pak SRL | ​ | Argentina | ​ | USD | ​ | Monthly | ​ | 12.00 | % | 61,435 | ​ | 435,873 | ​ | 497,308 | ​ | 148,347
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Banco Comafi | ​ | Argentina | ​ | USD | ​ | Monthly | ​ | 12.00 | % | — | ​ | — | ​ | — | ​ | 24,779
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Real estate | ​ | Argentina | ​ | ARS | ​ | Monthly | ​ | 50.00 | % | 206,444 | ​ | 416,130 | ​ | 622,574 | ​ | 486,793
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Systems | ​ | Argentina | ​ | USD | ​ | Monthly | ​ | 12.00 | % | 43,225 | ​ | 80,028 | ​ | 123,253 | ​ | 138,103
VJ S.A. | ​ | Chile | ​ | 93.899.000-k | ​ | De Lage Landen Chile S.A. | ​ | Chile | ​ | USD | ​ | Linear | ​ | 12.16 | % | 145,000 | ​ | 443,820 | ​ | 588,820 | ​ | 558,872
Vital Aguas S.A. | ​ | Chile | ​ | 76.389.720-6 | ​ | Coca-Cola del Valle New Ventures S.A. | ​ | Chile | ​ | CLP | ​ | Linear | ​ | 7.50 | % | 262,042 | ​ | 736,459 | ​ | 998,501 | ​ | 1,107,139
Envases Central S.A. | ​ | Chile | ​ | 96.705.990-0 | ​ | Coca-Cola del Valle New Ventures S.A. | ​ | Chile | ​ | CLP | ​ | Linear | ​ | 5.56 | % | 602,887 | ​ | — | ​ | 602,887 | ​ | 2,364,977
Paraguay Refrescos S.A. | ​ | Paraguay | ​ | 80.003.400-7 | ​ | Tetra Pack Ltda. Suc. Py | ​ | Paraguay | ​ | PGY | ​ | Monthly | ​ | 1.00 | % | — | ​ | — | ​ | — | ​ | 185,345
Transportes Polar S.A. | ​ | Chile | ​ | 96.928.520-7 | ​ | Cons. Inmob. e Inversiones Limitada | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 2.89 | % | — | ​ | 118,883 | ​ | 118,883 | ​ | 101,950
Embotelladora Andina S.A. | ​ | Chile | ​ | 91.144.000-8 | ​ | Central de Restaurante Aramark Ltda. | ​ | Chile | ​ | CLP | ​ | Monthly | ​ | 1.30 | % | — | ​ | — | ​ | — | ​ | 13,997
Transportes Andina Refrescos Ltda | ​ | Chile | ​ | 78.861.790-9 | ​ | Arrendamiento De Maquinaria SPA | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 1.00 | % | 77,216 | ​ | 232,224 | ​ | 309,440 | ​ | 274,063
Transportes Andina Refrescos Ltda | ​ | Chile | ​ | 78.861.790-9 | ​ | Comercializadora Novaverde Limitada | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 0.08 | % | 106,674 | ​ | 71,128 | ​ | 177,802 | ​ | 376,446
Transportes Andina Refrescos Ltda | ​ | Chile | ​ | 78.861.790-9 | ​ | Jungheinrich Rentalift SPA | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 0.24 | % | 230,716 | ​ | 702,187 | ​ | 932,903 | ​ | 800,106
Red de Transportes Comerciales S.A. | ​ | Chile | ​ | 76.276.604-3 | ​ | Inmobiliaria Ilog Avanza Park | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 0.21 | % | 119,510 | ​ | 363,004 | ​ | 482,514 | ​ | —
​ | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  |  |  | ​ | Total | ​ | 7,100,579 | ​ | 8,191,535
​ The Company maintains leases on forklifts, vehicles, real estate and machinery. These leases have an average lifespan of between one and eight years without including a renewal option in the contracts. 17.4.2 Non-current liabilities for leasing agreements ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Maturity | ​ | ​
Indebted entity | ​ | Creditor entity | ​ | ​ | ​ | Amortization | ​ | Nominal | ​ | 1 year up to | ​ | 2 years up to | ​ | 3 years up to | ​ | 4 years up to | ​ | More than | ​ | at
Name |  | Country |  | Taxpayer ID |  | Name |  | Country |  | Currency |  | Type |  | Rate |  | 2 years |  | 3 years |  | 4 years |  | 5 years |  | 5 years |  | 12.31.2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$ | ​ | ThCh$
Rio de Janeiro Refrescos Ltda. | ​ | Brasil | ​ | Foreign | ​ | Cogeração - Light ESCO | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 12.28 | % | 1,208,453 | ​ | 1,365,552 | ​ | 1,543,074 | ​ | 1,743,674 | ​ | 2,501,730 | ​ | 8,362,483
Rio de Janeiro Refrescos Ltda. | ​ | Brasil | ​ | Foreign | ​ | Tetra Pack | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 7.39 | % | 130,569 | ​ | 140,558 | ​ | 151,311 | ​ | 162,886 | ​ | 409,959 | ​ | 995,283
Rio de Janeiro Refrescos Ltda. | ​ | Brasil | ​ | Foreign | ​ | Real estate | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 8.10 | % | 57,105 | ​ | 8,702 | ​ | — | ​ | — | ​ | — | ​ | 65,807
Rio de Janeiro Refrescos Ltda. | ​ | Brasil | ​ | Foreign | ​ | Leao Alimentos e Bebidas Ltda. | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 3.50 | % | 292,445 | ​ | 270,586 | ​ | 31,538 | ​ | 29,618 | ​ | — | ​ | 624,187
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Tetra Pak SRL | ​ | Argentina | ​ | USD | ​ | Monthly | ​ | 12.00 | % | — | ​ | 842,297 | ​ | — | ​ | 513,737 | ​ | 335,293 | ​ | 1,691,327
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Real estate | ​ | Argentina | ​ | ARS | ​ | Monthly | ​ | 50.00 | % | — | ​ | 136,139 | ​ | — | ​ | — | ​ | — | ​ | 136,139
VJ S.A. | ​ | Chile | ​ | Foreign | ​ | De Lage Landen Chile S.A | ​ | Chile | ​ | USD | ​ | Monthly | ​ | 12.16 | % | 769,982 | ​ | — | ​ | — | ​ | — | ​ | ​ | ​ | 769,982
Transportes Andina Refrescos Ltda | ​ | Chile | ​ | 85.275.700-0 | ​ | Arrendamiento De Maquinaria SPA | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 1.00 | % | — | ​ | 355,952 | ​ | — | ​ | — | ​ | — | ​ | 355,952
Transportes Polar S.A. | ​ | Chile | ​ | 76.413.243-2 | ​ | Cons. Inmob. e Inversiones Limitada | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 2.89 | % | — | ​ | 195,393 | ​ | — | ​ | — | ​ | — | ​ | 195,393
Red de Transportes Comerciales S.A. | ​ | Chile | ​ | 76.276.604-3 | ​ | Inmobiliaria Ilog Avanza Park | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 0.21 | % | — | ​ | 831,235 | ​ | — | ​ | — | ​ | — | ​ | 831,235
Transportes Andina Refrescos Ltda | ​ | Chile | ​ | 78.861.790-9 | ​ | Jungheinrich Rentalift SPA | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 0.24 | % | — | ​ | 1,864,841 | ​ | — | ​ | — | ​ | — | ​ | 1,864,841
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | 15,892,629
​ 17.4.3 Non-current liabilities for leasing agreements (previous year) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Maturity | ​ | ​
Indebted entity | ​ | ​ | ​ | Creditor entity | ​ | ​ | ​ | Type of | ​ | Nominal | ​ | 1 year up to | ​ | 2 years up to | ​ | 3 years up to | ​ | 4 years up to | ​ | More than | ​ | at
Name |  | Country |  | Taxpayer ID |  | Name |  | Country |  | Currency |  | Amortization |  | Rate |  | 2 years |  | 3 years |  | 4 years |  | 5 years |  | 5 years |  | 12.31.2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | THCH$ | ​ | THCH$ | ​ | THCH$ | ​ | THCH$ | ​ | THCH$ | ​ | THCH$
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Cogeração - Light ESCO | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 12.28 | % | 986,852 | ​ | 1,115,143 | ​ | 1,260,112 | ​ | 1,423,926 | ​ | 3,917,596 | ​ | 8,703,629
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Tetra Pack| | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 7.39 | % | 64,906 | ​ | 69,872 | ​ | 75,217 | ​ | 80,971 | ​ | 256,055 | ​ | 547,021
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Real estate | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 8.20 | % | 115,321 | ​ | 28,670 | ​ | — | ​ | — | ​ | — | ​ | 143,991
Rio de Janeiro Refrescos Ltda. | ​ | Brazil | ​ | Foreign | ​ | Leão Alimentos e Bebidas Ltda. | ​ | Brazil | ​ | BRL | ​ | Monthly | ​ | 6.56 | % | 276,248 | ​ | 269,864 | ​ | 249,693 | ​ | 29,102 | ​ | 27,331 | ​ | 852,238
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Banco Comafi | ​ | Argentina | ​ | USD | ​ | Monthly | ​ | 12.00 | % | — | ​ | 86,276 | ​ | — | ​ | — | ​ | — | ​ | 86,276
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Tetra Pak SRL | ​ | Argentina | ​ | USD | ​ | Monthly | ​ | 12.00 | % | — | ​ | 296,693 | ​ | — | ​ | 234,882 | ​ | — | ​ | 531,575
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Real estate | ​ | Argentina | ​ | ARS | ​ | Monthly | ​ | 50.00 | % | — | ​ | 86,139 | ​ | — | ​ | — | ​ | — | ​ | 86,139
Embotelladora del Atlántico S.A. | ​ | Argentina | ​ | Foreign | ​ | Real estate | ​ | Argentina | ​ | ARS | ​ | Monthly | ​ | 50.00 | % | 1,343,457 | ​ | — | ​ | — | ​ | — | ​ | — | ​ | 1,343,457
Vital Aguas S.A. | ​ | Chile | ​ | 76.572.588-7 | ​ | Coca-Cola del Valle New Ventures S.A. | ​ | Chile | ​ | CLP | ​ | Monthly | ​ | 8.20 | % | 602,887 | ​ | — | ​ | — | ​ | — | ​ | — | ​ | 602,887
Envases Central S.A. | ​ | Chile | ​ | 76.572.588-7 | ​ | Coca-Cola del Valle New Ventures S.A. | ​ | Chile | ​ | CLP | ​ | Monthly | ​ | 9.00 | % | — | ​ | 541,264 | ​ | — | ​ | 44,696 | ​ | — | ​ | 585,960
Paraguay Refrescos S.A. | ​ | Paraguay | ​ | 80.003.400-7 | ​ | Tetra Pack Ltda. Suc. Py | ​ | Paraguay | ​ | PGY | ​ | Monthly | ​ | 1.00 | % | — | ​ | 212,945 | ​ | — | ​ | 64,460 | ​ | — | ​ | 277,405
Transportes Polar S.A. | ​ | Chile | ​ | 76.413.243-2 | ​ | Cons. Inmob. e Inversiones Limitada | ​ | Chile | ​ | UF | ​ | Monthly | ​ | 2.89 | % | — | ​ | 156,942 | ​ | — | ​ | — | ​ | — | ​ | 156,942
Embotelladora Andina S.A. | ​ | Chile | ​ | 76.178.360-2 | ​ | Central de Restaurante Aramark Ltda. | ​ | Chile | ​ | CLP | ​ | Monthly | ​ | 1.30 | % | — | ​ | 1,670,939 | ​ | — | ​ | 798,571 | ​ | — | ​ | 2,469,510
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | 16,387,030
​ Leasing agreement obligations are not subject to financial restrictions for the reported periods.

X
- Definition The entire disclosure for financial instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Section Scope -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS07_g3-5A__IFRS07_g3-5A_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialLiabilitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration