INTANGIBLE ASSETS OTHER THAN GOODWILL (Tables)

12 Months Ended

Dec. 31, 2022

INTANGIBLE ASSETS OTHER THAN GOODWILL

Schedule of intangible assets other than goodwill

December 31, 2022

December 31, 2021

Accumulated

Gross

Amortization

Net

Gross

Amortization

Net

Description

Value

/Impairment

Value

/Impairment

Value

ThCh$

Distribution rights (1) (2)

653,200,644

(2,237,359)

650,963,285

650,411,156

(3,896,827)

646,514,329

Software

56,968,738

(36,205,387)

20,763,351

44,084,900

(31,019,938)

13,064,962

Others

509,957

(457,705)

52,252

509,957

(457,705)

52,252

Total

710,679,339

(38,900,451)

671,778,888

695,006,013

(35,374,470)

659,631,543

(1)

Correspond to brands, water rights and distribution rights. Distribution rights are contractual rights to produce and distribute Coca-Cola products in certain parts of Argentina, Brazil, Chile and Paraguay. Distribution rights result from the valuation process at fair value of the assets and liabilities of the companies acquired in business combinations. Production and distribution contracts are renewable for periods of 5 years with Coca-Cola. The nature of the business and renewals that Coca-Cola has permanently done on these rights, allow qualifying them as indefinite contracts.

(2)On September 21, 2021 Coca-Cola Andina together with Coca-Cola Femsa, acquired the Brazilian beer brand Therezópolis for BRL 70 million. Each bottler bought 50% of the brand. This transaction is part of the company’s long-term strategy to complement its beer portfolio in Brazil. The transaction was completed and approved by CADE (Brazilian Administrative Council of Economic

Defense). In September, 2021 Andina recorded an intangible asset under the Therezópolis brand for BRL 35 million with an indefinite useful life.

Schedule of distribution rights


	12.31.2022	12.31.2021
Distribution rights	ThCh$	ThCh$
Chile (excluding Metropolitan Region, Rancagua and San Antonio)	303,802,964	303,973,971
Brazil (Rio de Janeiro, Espirito Santo, Ribeirão Preto and Investments in Sorocaba and Leão Alimentos y Bebidas Ltda.)	171,411,484	158,175,979
Paraguay	172,548,023	181,675,993
Argentina (North and South)	3,200,814	2,688,386
Total	650,963,285	646,514,329

Schedule of the movement and balances of identifiable intangible assets

January 1 to December 31, 2022

January 1 to December 31, 2021

Distribution

Description

rights

Others

Software

Total

rights

Others

Software

Total

ThCh$

Opening balance

646,514,329

52,252

13,064,962

659,631,543

596,365,737

975

8,147,453

604,514,165

Additions

16,881

—

12,020,412

12,037,293

5,773,560

—

6,998,593

12,772,153

Amortization /Impairment

(187,888)

—

(4,208,798)

(4,396,686)

(152,644)

—

(2,637,823)

(2,790,467)

Other increases (decreases) (1)

4,619,963

—

(113,225)

4,506,738

44,527,676

51,277

556,739

45,135,692

Total

650,963,285

52,252

20,763,351

671,778,888

646,514,329

52,252

13,064,962

659,631,543

(1)	Mainly corresponds to restatement due to the effects of translation of distribution rights of foreign subsidiaries.