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INTANGIBLE ASSETS OTHER THAN GOODWILL (Tables)

12 Months Ended

Dec. 31, 2024

INTANGIBLE ASSETS OTHER THAN GOODWILL

Schedule of intangible assets other than goodwill


		December 31, 2024						December 31, 2023
				Accumulated						Accumulated
		Gross		Amortization /		Net		Gross		Amortization /		Net
Description		Value		Impairment		Value		Value		Impairment		Value
		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Distribution rights (1)		659,561,522		(3,959,421)		655,602,101		667,955,100		(3,078,000)		664,877,100
Software		69,136,434		(37,800,695)		31,335,739		63,828,408		(40,121,558)		23,706,850
Water rights		587,432		—		587,432		587,432		—		587,432
Trademarks indefinite useful life (2)		5,632,172		—		5,632,172		6,341,107		—		6,341,107
Trademarks definite useful life (3)		1,297,378		(1,079,167)		218,211		1,297,378		(891,277)		406,101
Others		498,447		(490,472)		7,975		560,183		(552,208)		7,975
Total		736,713,385		(43,329,755)		693,383,630		740,569,608		(44,643,043)		695,926,565

(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.

Distribution rights together with the assets that are part of the cash-generating units, are annually subjected to the impairment test. Such distribution rights have an indefinite useful life, are not subject to amortization. Rights in Chile related to AdeS were provisioned for impairment pursuant to the annual tests performed. See Note 2.8.

(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 of that same year, Andina recorded an intangible asset under the Therezópolis brand for BRL 35 million with an indefinite useful life.

(3)	Correspond to distribution rights that did not arise from business combinations. These rights are subject to amortization.

Schedule of distribution rights


Distribution rights		12.31.2024		12.31.2023
		ThCh$		ThCh$
Chile (excluding Metropolitan Region, Rancagua and San Antonio)		300,305,728		301,187,149
Brazil (Rio de Janeiro, Espirito Santo, Riberão Preto and the investments in Sorocaba and Leão Alimentos y Bebidas Ltda.)		162,528,398		182,986,222
Paraguay		188,443,848		178,475,561
Argentina (North and South)		4,324,127		2,228,168
Total		655,602,101		664,877,100

Schedule of the movement and balances of identifiable intangible assets

The movement and balances of identifiable intangible assets are detailed as follows:

December 31, 2024

Trademarks

Trademarks

Distribution

indefinite

definite

Description

rights

Software

Water rights

useful life

useful life

Others

Total

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

Opening balance

664,877,100

23,706,850

587,432

6,341,107

406,101

7,975

695,926,565

Additions

—

12,926,859

—

—

—

—

12,926,859

Amortization

—

(7,498,481)

—

—

(187,890)

—

(7,686,371)

Impairment (2)

(881,421)

—

—

—

—

—

(881,421)

Other increases (decreases) (1)

(8,393,578)

2,200,511

—

(708,935)

—

—

(6,902,002)

Ending balance

655,602,101

31,335,739

587,432

5,632,172

218,211

7,975

693,383,630

December 31, 2023

Trademarks

Trademarks

Distribution

indefinite

definite

Description

rights

Software

Water rights

useful life

useful life

Others

Total

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

ThCh$

Opening balance

644,233,416

20,763,351

439,102

5,741,054

593,990

7,975

671,778,888

Additions

—

8,984,225

148,330

—

—

—

9,132,555

Amortization

—

(4,857,341)

—

—

(187,889)

—

(5,045,230)

Impairment

(1,627,000)

—

—

—

—

—

(1,627,000)

Other increases (decreases) (1)

22,270,684

(1,183,385)

—

600,053

—

—

21,687,352

Ending balance

664,877,100

23,706,850

587,432

6,341,107

406,101

7,975

695,926,565

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

(2)	The rights in Chile related to AdeS were provisioned for impairment according to the annual tests performed. See Note 2.8.