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BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND APPLICATION OF ACCOUNTING CRITERIA (Tables)

12 Months Ended

Dec. 31, 2022

BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND APPLICATION OF ACCOUNTING CRITERIA

Schedule of the list of subsidiaries included in the consolidation

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Ownership interest
​	​	​	​	12.31.2022					​	12.31.2021
Taxpayer ID		Company Name		Direct		Indirect		Total		Direct		Indirect		Total
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
77.427.659-9	​	Re-Ciclar S.A.	​	60.00	​	—	​	60.00	​	60.00	​	—	​	60.00
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		VJ S.A.		15.00		50.00		65.00		15.00		50.00		65.00

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Schedule of companies that have a functional currency different from the presentation currency of the parent company

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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:

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​	​	​	​	​	​	​	​	​
Date		USD		BRL		ARS		PYG
12.31.2022	​	855.86	​	164.03	​	4.83	​	0.116
12.31.2021	​	844.69	​	151.36	​	8.22	​	0.123
12.31.2020	​	710.95	​	136.80	​	8.44	​	0.103

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Schedule of estimated useful lives by asset category

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​	​	​
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
IT equipment	​	3-5
Other Property, plant and equipment		3-10
Bottles and containers		1-8

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Schedule of discount rates applied in annual test to the level of risk of the CGU

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​	​	​	​	​	​
​	​	2022 Discount	​	2021 Discount
​		rates		rates
Argentina		33.1	%	27.2	%
Chile		9.3	%	7.1	%
Brazil		10.5	%	9.0	%
Paraguay		11.3	%	8.1	%

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Schedule of amendments to IFRS that have been issued effective as of the date of these financial statements

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​	​	​	​	​
	​	Amendments		Date of application
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

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Schedule of New Accounting Standards, Interpretations and Amendments with effective application for annual periods beginning on or after January 1, 2023

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​	​	​	​	​
​		Standards and Interpretations		Mandatory application date
IFRS 17		Insurance Contracts	​	January 1, 2023

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Summary of Amendments to IFRS which have been issued and will become in effect on January 1, 2023

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​	​	​	​	​
​		Amendments and improvements		Date of application
IAS 1		Classification of liabilities as current or non-current	​	January 1, 2024
IAS 1	​	Non-current liabilities with covenants	​	January 1, 2024
IAS 12		Deferred taxes regarding assets and liabilities that arise from a single transaction	​	January 1, 2023
IAS 8		Definition of Accounting estimate	​	January 1, 2023
IFRS 16	​	Lease Liability in a Sale and Leaseback	​	January 1, 2024

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