XML 46 R27.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Other financial liabilities | 12 Months Ended
--- | ---
Dec. 31, 2017
Disclosure of other financial liabilities [Abstract] |
Disclosure Of Other Financial Liabilities Explanatory [Text Block] | Note 21 Other financial liabilities Debts and financial liabilities classified according to the type of obligation and their classifications in the consolidated balance sheet are detailed as follows:
|  | As of December 31, 2017 |  |  | As of December 31, 2016 |
|  | Current |  |  | Non current |  |  | Current |  |  | Non current |
|  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |
Bank borrowings (*) |  |  | 24,623,746 |  |  |  | 73,886,831 |  |  |  | 39,079,561 |  |  |  | 29,606,398 |
Bonds payable (*) |  |  | 3,306,135 |  |  |  | 69,476,612 |  |  |  | 3,250,023 |  |  |  | 70,836,716 |
Financial leases obligations (*) |  |  | 176,586 |  |  |  | 17,638,289 |  |  |  | 215,950 |  |  |  | 17,500,919 |
Derivatives (**) |  |  | 10,416,675 |  |  |  | - |  |  |  | 11,118,676 |  |  |  | - |
Liability coverage (**) |  |  | 1,840,188 |  |  |  | - |  |  |  | - |  |  |  | - |
Deposits for return of bottles and containers |  |  | 13,228,328 |  |  |  | - |  |  |  | 13,015,723 |  |  |  | - |
Total |  |  | 53,591,658 |  |  |  | 161,001,732 |  |  |  | 66,679,933 |  |  |  | 117,944,033 |
(*) See Note 5. (**) See Note 7. The maturities and interest rates of these obligations are detailed as follows: Current loan and financial obligation As of December 31, 2017:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Lending party Tax ID |  | Creditor name |  | Creditor country |  | Currency |  | 0 to 3 months |  |  | 3 months to 1 year |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bank borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Superville |  | Argentina |  | USD |  |  | - |  |  |  | 185,739 |  |  |  | 185,739 |  |  | At maturity |  |  | 2.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Santander Río |  | Argentina |  | USD |  |  | 184,728 |  |  |  | - |  |  |  | 184,728 |  |  | At maturity |  |  | 5.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Macro |  | Argentina |  | USD |  |  | - |  |  |  | 185,339 |  |  |  | 185,339 |  |  | At maturity |  |  | 2.70 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Macro |  | Argentina |  | USD |  |  | - |  |  |  | 184,652 |  |  |  | 184,652 |  |  | At maturity |  |  | 2.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | USD |  |  | 185,018 |  |  |  | - |  |  |  | 185,018 |  |  | At maturity |  |  | 2.55 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | USD |  |  | - |  |  |  | 215,408 |  |  |  | 215,408 |  |  | At maturity |  |  | 3.20 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 399,014 |  |  |  | - |  |  |  | 399,014 |  |  | At maturity |  |  | 31.77 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 292,589 |  |  |  | - |  |  |  | 292,589 |  |  | At maturity |  |  | 31.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 250,005 |  |  |  | - |  |  |  | 250,005 |  |  | At maturity |  |  | 31.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco San Juan |  | Argentina |  | ARS |  |  | - |  |  |  | 67,356 |  |  |  | 67,356 |  |  | Quarter |  |  | 25.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco San Juan |  | Argentina |  | ARS |  |  | - |  |  |  | 674,403 |  |  |  | 674,403 |  |  | Quarter |  |  | 27.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco San Juan |  | Argentina |  | ARS |  |  | - |  |  |  | 66,398 |  |  |  | 66,398 |  |  | Quarter |  |  | 26.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Comafi |  | Argentina |  | ARS |  |  | 368,143 |  |  |  | - |  |  |  | 368,143 |  |  | At maturity |  |  | 24.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | BBVA |  | Argentina |  | ARS |  |  | 498,676 |  |  |  | - |  |  |  | 498,676 |  |  | At maturity |  |  | 32.00 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | USD |  |  | - |  |  |  | 4,961,271 |  |  |  | 4,961,271 |  |  | At maturity |  |  | 1.75 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | UF |  |  | 58,809 |  |  |  | - |  |  |  | 58,809 |  |  | At maturity |  |  | 2.70 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. (1) |  | Chile |  | 97,018,000-1 |  | Scotiabank Chile |  | Chile |  | USD |  |  | 4,238 |  |  |  | 4,839,005 |  |  |  | 4,843,243 |  |  | At maturity |  |  | 2.42 |
91,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | - |  |  |  | 324,308 |  |  |  | 324,308 |  |  | At maturity |  |  | 4.56 |
99,586,280-8 |  | Compañía Pisquera de Chile S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 326,560 |  |  |  | - |  |  |  | 326,560 |  |  | At maturity |  |  | 4.68 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 17,425 |  |  |  | 29,507 |  |  |  | 46,932 |  |  | Monthly |  |  | 4.80 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 9,956 |  |  |  | 30,704 |  |  |  | 40,660 |  |  | Monthly |  |  | 5.48 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 13,500 |  |  |  | 40,500 |  |  |  | 54,000 |  |  | Monthly |  |  | 6.00 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 12,667 |  |  |  | - |  |  |  | 12,667 |  |  | Monthly |  |  | 7.59 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 19,170 |  |  |  | 42,000 |  |  |  | 61,170 |  |  | Monthly |  |  | 5.88 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 22,500 |  |  |  | 67,500 |  |  |  | 90,000 |  |  | Monthly |  |  | 5.76 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 37,500 |  |  |  | - |  |  |  | 37,500 |  |  | Monthly |  |  | 5.40 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 8,641 |  |  |  | 26,677 |  |  |  | 35,318 |  |  | Monthly |  |  | 6.12 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 20,028 |  |  |  | 61,526 |  |  |  | 81,554 |  |  | Monthly |  |  | 5.02 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 16,667 |  |  |  | 49,999 |  |  |  | 66,666 |  |  | Monthly |  |  | 4.44 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 20,834 |  |  |  | 62,500 |  |  |  | 83,334 |  |  | Monthly |  |  | 4.42 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 69,530 |  |  |  | 213,527 |  |  |  | 283,057 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 41,700 |  |  |  | 125,100 |  |  |  | 166,800 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 38,678 |  |  |  | 86,121 |  |  |  | 124,799 |  |  | Monthly |  |  | 4.73 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 35,966 |  |  |  | 110,127 |  |  |  | 146,093 |  |  | Monthly |  |  | 4.42 |
0-E |  | Milotur S.A. |  | Uruguay |  | 0-E |  | Banco Itaú |  | Uruguay |  | UYI |  |  | 403,857 |  |  |  | 288,469 |  |  |  | 692,326 |  |  | Monthly |  |  | 6.00 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | - |  |  |  | 2,021,408 |  |  |  | 2,021,408 |  |  | At maturity |  |  | 5.35 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,018,000-1 |  | Scotiabank Chile |  | Chile |  | CLP |  |  | 16,600 |  |  |  | - |  |  |  | 16,600 |  |  | At maturity |  |  | 4.50 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 6,708 |  |  |  | - |  |  |  | 6,708 |  |  | At maturity |  |  | 4.68 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 200,248 |  |  |  | 614,849 |  |  |  | 815,097 |  |  | Monthly |  |  | 5.02 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  | ARS |  |  | 300,889 |  |  |  | 561,283 |  |  |  | 862,172 |  |  | Monthly |  |  | 26.63 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  | ARS |  |  | 80,679 |  |  |  | 26,371 |  |  |  | 107,050 |  |  | Monthly |  |  | 27.81 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco Galicia |  | Argentina |  | ARS |  |  | 925,670 |  |  |  | 1,594,645 |  |  |  | 2,520,315 |  |  | Quarter |  |  | 23.00 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  | ARS |  |  | 3,944 |  |  |  | 1,975,917 |  |  |  | 1,979,861 |  |  | At maturity |  |  | 20.00 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,891,137 |  |  |  | 19,732,609 |  |  |  | 24,623,746 |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | ARS |  |  | 577 |  |  |  | - |  |  |  | 577 |  |  | Monthly |  |  | 17.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | ARS |  |  | 419 |  |  |  | 406 |  |  |  | 825 |  |  | Monthly |  |  | 17.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | ARS |  |  | 1,561 |  |  |  | 4,752 |  |  |  | 6,313 |  |  | Monthly |  |  | 17.00 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 99,012,000-5 |  | Consorcio Nacional de Seguros S.A. |  | Chile |  | UF |  |  | 14,986 |  |  |  | 47,281 |  |  |  | 62,267 |  |  | Monthly |  |  | 7.07 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | UF |  |  | 26,989 |  |  |  | 73,384 |  |  |  | 100,373 |  |  | Monthly |  |  | 4.33 |
76,077,848-6 |  | Cervecera Belga de la Patagonia S.A. |  | Chile |  | 97,015,000-5 |  | Banco Santander de Chile |  | Chile |  | UF |  |  | 6,231 |  |  |  | - |  |  |  | 6,231 |  |  | Monthly |  |  | 6.27 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 50,763 |  |  |  | 125,823 |  |  |  | 176,586 |  |  |  |  |  |  |
(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7). (*) See Note 5 non-discounted contractual cash flows.
|  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Registration or ID No. Instrument |  | Creditor country |  | Currency |  | 0 to 3 months |  |  | 3 months to 1 year |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bonds payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 388 18/10/2004 Bono Serie E |  | Chile |  | UF |  |  | 41,232 |  |  |  | 2,617,308 |  |  |  | 2,658,540 |  |  | Semiannual |  |  | 4.00 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. (1) |  | Chile |  | 573 23/03/2009 Bono Serie H |  | Chile |  | UF |  |  | 647,595 |  |  |  | - |  |  |  | 647,595 |  |  | Semiannual |  |  | 4.25 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  | 688,827 |  |  |  | 2,617,308 |  |  |  | 3,306,135 |  |  |  |  |  |  |
(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7). (*) See Note 5 non-discounted contractual cash flows. As of December 31, 2016:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Lending party Tax ID |  | Creditor name |  | Creditor country |  | Currency |  | 0 to 3 months |  |  | 3 months to 1 year |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bank borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Superville |  | Argentina |  | USD |  |  | 136,115 |  |  |  | - |  |  |  | 136,115 |  |  | At maturity |  |  | 3.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Superville |  | Argentina |  | USD |  |  | 135,537 |  |  |  | - |  |  |  | 135,537 |  |  | At maturity |  |  | 3.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Superville |  | Argentina |  | USD |  |  | 217,353 |  |  |  | - |  |  |  | 217,353 |  |  | At maturity |  |  | 3.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Superville |  | Argentina |  | USD |  |  | - |  |  |  | 54,032 |  |  |  | 54,032 |  |  | At maturity |  |  | 4.25 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Macro |  | Argentina |  | USD |  |  | - |  |  |  | 200,933 |  |  |  | 200,933 |  |  | At maturity |  |  | 1.85 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | USD |  |  | 201,628 |  |  |  | - |  |  |  | 201,628 |  |  | At maturity |  |  | 2.70 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | USD |  |  | - |  |  |  | 133,909 |  |  |  | 133,909 |  |  | At maturity |  |  | 2.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 1,436 |  |  |  | 1,589 |  |  |  | 3,025 |  |  | Quarter |  |  | 15.25 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 433,258 |  |  |  | - |  |  |  | 433,258 |  |  | At maturity |  |  | 36.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 228,734 |  |  |  | - |  |  |  | 228,734 |  |  | At maturity |  |  | 29.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 340,659 |  |  |  | - |  |  |  | 340,659 |  |  | At maturity |  |  | 28.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | - |  |  |  | 518,917 |  |  |  | 518,917 |  |  | At maturity |  |  | 26.75 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco San Juan |  | Argentina |  | ARS |  |  | 367,243 |  |  |  | - |  |  |  | 367,243 |  |  | Quarter |  |  | 30.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco San Juan |  | Argentina |  | ARS |  |  | 9,178 |  |  |  | 400,250 |  |  |  | 409,428 |  |  | Quarter |  |  | 27.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco San Juan |  | Argentina |  | ARS |  |  | 425 |  |  |  | 84,263 |  |  |  | 84,688 |  |  | Quarter |  |  | 23.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | BBVA |  | Argentina |  | ARS |  |  | 524,538 |  |  |  | - |  |  |  | 524,538 |  |  | At maturity |  |  | 27.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | BBVA |  | Argentina |  | ARS |  |  | 50,045 |  |  |  | - |  |  |  | 50,045 |  |  | At maturity |  |  | 27.00 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 290,342 |  |  |  | - |  |  |  | 290,342 |  |  | At maturity |  |  | 27.75 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Patagonia |  | Argentina |  | ARS |  |  | 74,763 |  |  |  | - |  |  |  | 74,763 |  |  | At maturity |  |  | 27.50 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. (1) |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 157,295 |  |  |  | 7,271,000 |  |  |  | 7,428,295 |  |  | At maturity |  |  | 4.40 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | UF |  |  | 57,821 |  |  |  | - |  |  |  | 57,821 |  |  | At maturity |  |  | 2.70 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. (1) |  | Chile |  | 97,018,000-1 |  | Scotiabank Chile |  | Chile |  | USD |  |  | 3,151 |  |  |  | - |  |  |  | 3,151 |  |  | At maturity |  |  | 1.79 |
99,586,280-8 |  | Compañía Pisquera de Chile S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 457,454 |  |  |  | 16,000,000 |  |  |  | 16,457,454 |  |  | At maturity |  |  | 6.86 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 16,333 |  |  |  | 50,142 |  |  |  | 66,475 |  |  | Monthly |  |  | 4.80 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 9,264 |  |  |  | 28,576 |  |  |  | 37,840 |  |  | Monthly |  |  | 5.48 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 7,599 |  |  |  | 5,124 |  |  |  | 12,723 |  |  | Monthly |  |  | 5.36 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 13,500 |  |  |  | 40,500 |  |  |  | 54,000 |  |  | Monthly |  |  | 6.00 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 19,000 |  |  |  | 57,000 |  |  |  | 76,000 |  |  | Monthly |  |  | 7.59 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 14,000 |  |  |  | 42,000 |  |  |  | 56,000 |  |  | Monthly |  |  | 5.88 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 22,500 |  |  |  | 67,500 |  |  |  | 90,000 |  |  | Monthly |  |  | 5.76 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 8,111 |  |  |  | 25,086 |  |  |  | 33,197 |  |  | Monthly |  |  | 6.12 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | - |  |  |  | 205,849 |  |  |  | 205,849 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 67,488 |  |  |  | 203,111 |  |  |  | 270,599 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 19,030 |  |  |  | 58,392 |  |  |  | 77,422 |  |  | Monthly |  |  | 5.02 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 37,500 |  |  |  | 112,500 |  |  |  | 150,000 |  |  | Monthly |  |  | 5.04 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | - |  |  |  | 255,037 |  |  |  | 255,037 |  |  | Monthly |  |  | 4.68 |
0-E |  | Milotur S.A. |  | Uruguay |  | 0-E |  | Banco Itaú |  | Uruguay |  | UYI |  |  | 406,353 |  |  |  | 638,554 |  |  |  | 1,044,907 |  |  | Monthly |  |  | 6.00 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 21,408 |  |  |  | - |  |  |  | 21,408 |  |  | At maturity |  |  | 5.35 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,018,000-1 |  | Scotiabank Chile |  | Chile |  | CLP |  |  | 18,000 |  |  |  | 2,000,000 |  |  |  | 2,018,000 |  |  | At maturity |  |  | 4.50 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | - |  |  |  | 6,656 |  |  |  | 6,656 |  |  | At maturity |  |  | 4.68 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 190,490 |  |  |  | 584,272 |  |  |  | 774,762 |  |  | Monthly |  |  | 5.02 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  | ARS |  |  | 251,181 |  |  |  | 717,375 |  |  |  | 968,556 |  |  | Monthly |  |  | 15.00 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco Macro |  | Argentina |  | ARS |  |  | 34,300 |  |  |  | 23,406 |  |  |  | 57,706 |  |  | Monthly |  |  | 15.25 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco BBVA |  | Argentina |  | ARS |  |  | 421,179 |  |  |  | 421,652 |  |  |  | 842,831 |  |  | Quarter |  |  | 26.00 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  | ARS |  |  | 103,106 |  |  |  | 303,347 |  |  |  | 406,453 |  |  | Monthly |  |  | 25.19 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco Galicia |  | Argentina |  | ARS |  |  | 68,826 |  |  |  | 789,966 |  |  |  | 858,792 |  |  | Quarter |  |  | 30.50 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco Citibank |  | Argentina |  | ARS |  |  | 30,190 |  |  |  | - |  |  |  | 30,190 |  |  | At maturity |  |  | 25.66 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco HSBC |  | Argentina |  | ARS |  |  | 2,109,794 |  |  |  | - |  |  |  | 2,109,794 |  |  | At maturity |  |  | 25.25 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco BBVA |  | Argentina |  | ARS |  |  | 1,392 |  |  |  | - |  |  |  | 1,392 |  |  | At maturity |  |  | 26.12 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco Macro |  | Argentina |  | ARS |  |  | 12 |  |  |  | - |  |  |  | 12 |  |  | At maturity |  |  | 25.53 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Santander Río |  | Argentina |  | ARS |  |  | 199,954 |  |  |  | - |  |  |  | 199,954 |  |  | At maturity |  |  | 25.00 |
0-E |  | Saenz Briones y Cía. S.A.I.C. |  | Argentina |  | 0-E |  | Banco Citibank |  | Argentina |  | ARS |  |  | 1,138 |  |  |  | - |  |  |  | 1,138 |  |  | At maturity |  |  | 26.50 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,778,623 |  |  |  | 31,300,938 |  |  |  | 39,079,561 |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | ARS |  |  | 453 |  |  |  | 1,472 |  |  |  | 1,925 |  |  | At maturity |  |  | 17.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | ARS |  |  | 528 |  |  |  | 1,545 |  |  |  | 2,073 |  |  | At maturity |  |  | 17.50 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,000,600-6 |  | Banco de Crédito e Inversiones |  | Chile |  | UF |  |  | 14,369 |  |  |  | 3,837 |  |  |  | 18,206 |  |  | Monthly |  |  | 3.44 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 6,054 |  |  |  | 8,072 |  |  |  | 14,126 |  |  | Monthly |  |  | 4.78 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,053,000-2 |  | Banco Security |  | Chile |  | UF |  |  | 4,489 |  |  |  | 8,755 |  |  |  | 13,244 |  |  | Monthly |  |  | 4.40 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 99,012,000-5 |  | Consorcio Nacional de Seguros S.A. |  | Chile |  | UF |  |  | 13,759 |  |  |  | 42,717 |  |  |  | 56,476 |  |  | Monthly |  |  | 7.07 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | UF |  |  | 25,436 |  |  |  | 77,942 |  |  |  | 103,378 |  |  | Monthly |  |  | 4.33 |
76,077,848-6 |  | Cervecera Belga de la Patagonia S.A. |  | Chile |  | 97,015,000-5 |  | Banco Santander Chile |  | Chile |  | UF |  |  | - |  |  |  | 6,522 |  |  |  | 6,522 |  |  | Monthly |  |  | 6.27 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 65,088 |  |  |  | 150,862 |  |  |  | 215,950 |  |  |  |  |  |  |
(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7). (*) See Note 5 non-discounted contractual cash flows.
|  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Registration or ID No. Instrument |  | Creditor country |  | Currency |  | 0 to 3 months |  |  | 3 months to 1 year |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bonds payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 388 18/10/2004 Bono Serie E |  | Chile |  | UF |  |  | - |  |  |  | 2,612,294 |  |  |  | 2,612,294 |  |  | Semiannual |  |  | 4.00 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 573 23/03/2009 Bono Serie H |  | Chile |  | UF |  |  | 637,729 |  |  |  | - |  |  |  | 637,729 |  |  | Semiannual |  |  | 4.25 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  | 637,729 |  |  |  | 2,612,294 |  |  |  | 3,250,023 |  |  |  |  |  |  |
(*) See Note 5 non-discounted contractual cash flows. Non-current loan and financial obligation As of December 31, 2017:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Lending party Tax ID |  | Creditor name |  | Creditor country |  | Currency |  |  | Over 1 year to 3 years |  |  | Over 3 years to 5 years |  |  | Over 5 years |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bank borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  |  | UF |  |  |  | 10,183,293 |  |  |  | - |  |  |  | - |  |  |  | 10,183,293 |  |  | At maturity |  |  | 2.70 |
91,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  |  | CLP |  |  |  | - |  |  |  | 39,750,482 |  |  |  | - |  |  |  | 39,750,482 |  |  | At maturity |  |  | 4.56 |
99,586,280-8 |  | Compañía Pisquera de Chile S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  |  | CLP |  |  |  | - |  |  |  | 16,000,000 |  |  |  | - |  |  |  | 16,000,000 |  |  | At maturity |  |  | 4.68 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | UF |  |  |  | 17,624 |  |  |  | - |  |  |  | - |  |  |  | 17,624 |  |  | Monthly |  |  | 5.48 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | CLP |  |  |  | 72,000 |  |  |  | - |  |  |  | - |  |  |  | 72,000 |  |  | Monthly |  |  | 6.00 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | CLP |  |  |  | 32,667 |  |  |  | - |  |  |  | - |  |  |  | 32,667 |  |  | Monthly |  |  | 5.88 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | CLP |  |  |  | 112,500 |  |  |  | - |  |  |  | - |  |  |  | 112,500 |  |  | Monthly |  |  | 5.76 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  |  | CLP |  |  |  | 50,621 |  |  |  | - |  |  |  | - |  |  |  | 50,621 |  |  | Monthly |  |  | 6.12 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  |  | CLP |  |  |  | 138,116 |  |  |  | - |  |  |  | - |  |  |  | 138,116 |  |  | Monthly |  |  | 5.02 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | CLP |  |  |  | 94,445 |  |  |  | - |  |  |  | - |  |  |  | 94,445 |  |  | Monthly |  |  | 4.44 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | CLP |  |  |  | 131,944 |  |  |  | - |  |  |  | - |  |  |  | 131,944 |  |  | Monthly |  |  | 4.42 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  |  | CLP |  |  |  | 297,505 |  |  |  | - |  |  |  | - |  |  |  | 297,505 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | CLP |  |  |  | 208,100 |  |  |  | - |  |  |  | - |  |  |  | 208,100 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  |  | CLP |  |  |  | 171,638 |  |  |  | - |  |  |  | - |  |  |  | 171,638 |  |  | Monthly |  |  | 4.73 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  |  | CLP |  |  |  | 245,098 |  |  |  | - |  |  |  | - |  |  |  | 245,098 |  |  | Monthly |  |  | 4.42 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,018,000-1 |  | Scotiabank Chile |  | Chile |  |  | CLP |  |  |  | 2,000,000 |  |  |  | - |  |  |  | - |  |  |  | 2,000,000 |  |  | At maturity |  |  | 4.50 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  |  | CLP |  |  |  | 400,000 |  |  |  | - |  |  |  | - |  |  |  | 400,000 |  |  | At maturity |  |  | 4.68 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  |  | CLP |  |  |  | 1,378,183 |  |  |  | - |  |  |  | - |  |  |  | 1,378,183 |  |  | Monthly |  |  | 5.02 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  |  | ARS |  |  |  | 748,377 |  |  |  | - |  |  |  | - |  |  |  | 748,377 |  |  | Monthly |  |  | 26.63 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco Galicia |  | Argentina |  |  | ARS |  |  |  | 1,854,238 |  |  |  | - |  |  |  | - |  |  |  | 1,854,238 |  |  | Quarter |  |  | 23.00 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18,136,349 |  |  |  | 55,750,482 |  |  |  | - |  |  |  | 73,886,831 |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  |  | ARS |  |  |  | 8,792 |  |  |  | - |  |  |  | - |  |  |  | 8,792 |  |  | Monthly |  |  | 17.00 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 99,012,000-5 |  | Consorcio Nacional de Seguros S.A. |  | Chile |  |  | UF |  |  |  | 136,371 |  |  |  | 156,348 |  |  |  | 17,329,787 |  |  |  | 17,622,506 |  |  | Monthly |  |  | 7.07 |
76,077,848-6 |  | Cervecera Belga de la Patagonia S.A. |  | Chile |  | 97,015,000-5 |  | Banco Santander - Chile |  | Chile |  |  | UF |  |  |  | - |  |  |  | 6,991 |  |  |  | - |  |  |  | 6,991 |  |  | Monthly |  |  | 6.27 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 145,163 |  |  |  | 163,339 |  |  |  | 17,329,787 |  |  |  | 17,638,289 |  |  |  |  |  |  |
(*) See Note 5 non-discounted contractual cash flows.
|  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Registration or ID No. Instrument |  | Creditor country |  | Currency |  | Over 1 year to 3 years |  |  | Over 3 years to 5 years |  |  | Over 5 years |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bonds payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 388 18/10/2004 Bono Serie E |  | Chile |  | UF |  |  | 5,327,846 |  |  |  | 5,359,626 |  |  |  | 5,359,627 |  |  |  | 16,047,099 |  |  | Semiannual |  |  | 4.00 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. (1) |  | Chile |  | 573 23/03/2009 Bono Serie H |  | Chile |  | UF |  |  | 7,258,889 |  |  |  | 9,702,632 |  |  |  | 36,467,992 |  |  |  | 53,429,513 |  |  | Semiannual |  |  | 4.25 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  | 12,586,735 |  |  |  | 15,062,258 |  |  |  | 41,827,619 |  |  |  | 69,476,612 |  |  |  |  |  |  |
(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7). (*) See Note 5 non-discounted contractual cash flows. As of December 31, 2016:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Lending party Tax ID |  | Creditor name |  | Creditor country |  | Currency |  | Over 1 year to 3 years |  |  | Over 3 years to 5 years |  |  | Over 5 years |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bank borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | UF |  |  | 10,012,233 |  |  |  | - |  |  |  | - |  |  |  | 10,012,233 |  |  | At maturity |  |  | 2.70 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. (1) |  | Chile |  | 97,018,000-1 |  | Scotiabank Chile |  | Chile |  | USD |  |  | 5,269,733 |  |  |  | - |  |  |  | - |  |  |  | 5,269,733 |  |  | At maturity |  |  | 1.79 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 46,143 |  |  |  | - |  |  |  | - |  |  |  | 46,143 |  |  | Monthly |  |  | 4.80 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | UF |  |  | 57,305 |  |  |  | - |  |  |  | - |  |  |  | 57,305 |  |  | Monthly |  |  | 5.48 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 108,000 |  |  |  | 18,000 |  |  |  | - |  |  |  | 126,000 |  |  | Monthly |  |  | 6.00 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 12,667 |  |  |  | - |  |  |  | - |  |  |  | 12,667 |  |  | Monthly |  |  | 7.59 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 88,667 |  |  |  | - |  |  |  | - |  |  |  | 88,667 |  |  | Monthly |  |  | 5.88 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 180,000 |  |  |  | 22,500 |  |  |  | - |  |  |  | 202,500 |  |  | Monthly |  |  | 5.76 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 72,892 |  |  |  | 13,047 |  |  |  | - |  |  |  | 85,939 |  |  | Monthly |  |  | 6.12 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 580,563 |  |  |  | - |  |  |  | - |  |  |  | 580,563 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 167,461 |  |  |  | 52,210 |  |  |  | - |  |  |  | 219,671 |  |  | Monthly |  |  | 5.02 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 37,510 |  |  |  | - |  |  |  | - |  |  |  | 37,510 |  |  | Monthly |  |  | 5.04 |
0-E |  | Milotur S.A. |  | Uruguay |  | 0-E |  | Banco Itaú |  | Uruguay |  | UYI |  |  | 696,605 |  |  |  | - |  |  |  | - |  |  |  | 696,605 |  |  | Monthly |  |  | 6.00 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 2,000,000 |  |  |  | - |  |  |  | - |  |  |  | 2,000,000 |  |  | At maturity |  |  | 5.35 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 400,000 |  |  |  | - |  |  |  | - |  |  |  | 400,000 |  |  | At maturity |  |  | 4.68 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 1,672,625 |  |  |  | 520,654 |  |  |  | - |  |  |  | 2,193,279 |  |  | Monthly |  |  | 5.02 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  | $ARS |  |  | 1,912,999 |  |  |  | - |  |  |  | - |  |  |  | 1,912,999 |  |  | Monthly |  |  | 15.00 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco de la Nación Argentina |  | Argentina |  | $ARS |  |  | 134,821 |  |  |  | - |  |  |  | - |  |  |  | 134,821 |  |  | Monthly |  |  | 25.19 |
0-E |  | Compañía Industrial Cervecera S.A. |  | Argentina |  | 0-E |  | Banco Galicia |  | Argentina |  | $ARS |  |  | 5,529,763 |  |  |  | - |  |  |  | - |  |  |  | 5,529,763 |  |  | Quarter |  |  | 30.50 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28,979,987 |  |  |  | 626,411 |  |  |  | - |  |  |  | 29,606,398 |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | $ARS |  |  | 920 |  |  |  | - |  |  |  | - |  |  |  | 920 |  |  | - |  |  | 17.50 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | $ARS |  |  | 544 |  |  |  | - |  |  |  | - |  |  |  | 544 |  |  | At maturity |  |  | 17.50 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 99,012,000-5 |  | Consorcio Nacional de Seguros S.A. |  | Chile |  | UF |  |  | 125,221 |  |  |  | 130,838 |  |  |  | 17,131,641 |  |  |  | 17,387,700 |  |  | Monthly |  |  | 7.07 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | UF |  |  | 98,688 |  |  |  | - |  |  |  | - |  |  |  | 98,688 |  |  | Monthly |  |  | 4.33 |
76,077,848-6 |  | Cervecera Belga de la Patagonia S.A. |  | Chile |  | 97,015,000-5 |  | Banco Santander - Chile |  | Chile |  | UF |  |  | - |  |  |  | 13,067 |  |  |  | - |  |  |  | 13,067 |  |  | Monthly |  |  | 6.27 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 225,373 |  |  |  | 143,905 |  |  |  | 17,131,641 |  |  |  | 17,500,919 |  |  |  |  |  |  |
(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7). (*) See Note 5 non-discounted contractual cash flows.
|  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Registration or ID No. Instrument |  | Creditor country |  | Currency |  | Over 1 year to 3 years |  |  | Over 3 years to 5 years |  |  | Over 5 years |  |  | Total |  |  | Type of amortization |  | Interest Rate |
|  |  |  |  |  |  |  |  |  |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  |  |  | (%) |
Bonds payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 388 18/10/2004 Bono Serie E |  | Chile |  | UF |  |  | 5,125,926 |  |  |  | 5,298,895 |  |  |  | 7,904,394 |  |  |  | 18,329,215 |  |  | Semiannual |  |  | 4.00 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 573 23/03/2009 Bono Serie H |  | Chile |  | UF |  |  | 2,345,596 |  |  |  | 9,540,856 |  |  |  | 40,621,049 |  |  |  | 52,507,501 |  |  | Semiannual |  |  | 4.25 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  | 7,471,522 |  |  |  | 14,839,751 |  |  |  | 48,525,443 |  |  |  | 70,836,716 |  |  |  |  |  |  |
(*) See Note 5 non-discounted contractual cash flows. Details of the fair value of bank borrowings, financial leases obligations and bonds payable are described in Note 7. The effective interest rates of bond obligations are as follows:
Bonds Serie E | 4.51%
Bonds Serie H | 4.27%
Debts and financial liabilities are stated in several currencies and they accrue fixed and variable interest rates. These obligations classified by currency and interest type (excluding the effect of cross currency interest rate swap agreements) are detailed as follows:
|  | As of December 31, 2017 |  |  | As of December 31, 2016 |
|  | Fixed Interest Rate |  |  | Variable Interest Rate |  |  | Fixed Interest Rate |  |  | Variable Interest Rate |
|  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |
US Dollar |  |  | 6,102,155 |  |  |  | 4,843,243 |  |  |  | 1,079,507 |  |  |  | 5,272,884 |
Chilean Pesos |  |  | 65,836,938 |  |  |  | - |  |  |  | 33,921,475 |  |  |  | - |
Argentinean Pesos |  |  | 8,987,505 |  |  |  | 1,717,599 |  |  |  | 12,962,674 |  |  |  | 3,422,829 |
Unidades de Fomento |  |  | 100,928,433 |  |  |  | - |  |  |  | 102,088,686 |  |  |  | - |
UYI |  |  | 692,326 |  |  |  | - |  |  |  | 1,741,512 |  |  |  | - |
Total |  |  | 182,547,357 |  |  |  | 6,560,842 |  |  |  | 151,793,854 |  |  |  | 8,695,713 |
The terms and conditions of the main interest accruing obligations as of December 31, 2017, are detailed as follows:
A) | Bank Borrowings
Banco Estado – Bank Loans
| a) | On July 27, 2012, the subsidiary Compañía Pisquera Chile S.A. (CPCh) signed a bank loan with the Banco del Estado de Chile for a total of ThCh$ 16,000,000, for a period of 5 years, with maturity on July 27, 2017.
This loan accrues interest at an annual fixed rate of 6.86% and an effective rate of 7.17%. The Company amortized interest semi-annually, and the capital amortization consists of a single payment at the end of the established term. On July 27, 2017 this loan was renewed for 5 years, with maturity on July 27, 2022. This loan accrues interest at an annual fixed rate of 4.68%. The Company amortized interest semi-annually, and the capital amortization consists of a single payment at the end of the established term This obligation is subject to certain reporting obligations in addition to complying with the following financial ratios, which will be measured on the half-yearly financial statements of CPCh:
| - | Maintain a Financial Expense Coverage not less than 3, calculated as the relationship between Gross Margin less Marketing costs, Distribution and Administration expenses, plus Other income by function, less Other expenses by function, plus Depreciation and Amortization, divided by Financial costs.
| - | Maintain a debt ratio of no more than 3, measured as Total liabilities divided by Equity.
| - | Maintain an Equity higher than UF 770,000.
In addition, this loan obliges CPCh to comply with certain restrictions of affirmative nature, including maintaining insurance, maintaining the ownership of essential assets, and also to comply with certain restrictions, such as not to pledge, mortgage or grant any kind of encumbrance or real right over any fixed asset with an individual accounting value higher than UF 10,000, except under the terms established by the agreement, among other. As of December 31, 2017, the Company was in compliance with the financial covenants and specific requirements of this loan.
| b) | On April 25, 2012, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado e Chile for a total of ThCh$ 500,000, maturing on April 25, 2013.
Subsequently this loan was renewed for one year, maturing on April 25, 2014. It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016. This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. On April 27, 2016, this loan was paid.
| c) | On April 25, 2013, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 600,000, maturing on April 25, 2014.
It was renewed for one year, maturing on April 25, 2015. Subsequently this loan was renewed for one year, maturing on April 27, 2016. This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. On April 27, 2016, this loan was paid.
| d) | On June 16, 2014, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of 6,200,000 euros, maturing on June 16, 2015.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. On June 17, 2015, this loan was paid.
| e) | On December 3, 2014, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 1,300,000, maturing on March 31, 2015.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. On May 29, 2015 the loan was renewed for a term of 3 months, maturing on July 28, 2015. On July 17, 2015, this loan was paid.
| f) | On October 15, 2014, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of UF 380,000, maturing on October 15, 2019.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term.
| g) | On July 15, 2015, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 4,000,000, maturing on July 14, 2020.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term.
| h) | On May 26, 2016, the subsidiary Aguas CCU-Nestlé Chile S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 5,300,000, maturing on November 22, 2016.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single payment at the end of the established term. On November 22, 2016, this loan was paid.
| i) | On April 13, 2017, Compañía Cervecerías Unidas S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 40,000,000, maturing on April 13, 2022.
This loan accrues a fixed interest at an annual rate. The Company amortizes interest semi-annually, and the capital amortization consists of a single payment at the end of the established term. The aforementioned loan oblige the Company to comply with the same covenants as indicated in letter E) Restrictions in this Note.
| j) | On July 3, 2017 the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of US$ 8,000,000, maturing on July 3, 2018.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest monthly, and capital amortization consists of a single payment at the end of the established term. Banco de Chile – Bank Loans
| a) | On July 11, 2011, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco de Chile for a total of US$ 4,436,100, maturing on July 11, 2016.
This loan accrues interest at a compound floating rate Libor plus 180 days plus a fixed margin. The subsidiary amortizes interest semi-annually, and capital amortization consists of a single payment at the end of the established term. This debt was changed to Euros and a fixed interest rate through a currency US$-Euro and interest rate swap agreements (Cross Currency Interest Rate Swap). For details of the Company's hedge strategies see Note 5 and 7. On July 11, 2016, this loan was paid.
| b) | On July 7, 2011, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco de Chile for a total of US$ 10,000,000, maturing on July 7, 2016.
This loan accrues interest at a compound floating rate Libor plus 180 days plus a fixed margin. The subsidiary amortizes interest semi-annually, and capital amortization consists of a single payment at the end of the established term. The interest rate risk to which the subsidiary is exposed as result of this loan is mitigated by the use of cross interest rate swap agreements (interest rate fixed). For details of the Company's hedge strategies see Note 5 and 7. On July 7, 2016, this loan was paid. The aforementioned loans (letter a) and letter b)) oblige the Company to comply with the same covenants indicated in letter D) Restrictions in this Note.
| c) | On July 7, 2016, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco de Chile for a total of ThCh$ 7,271,000, maturing on July 2, 2017.
This loan accrued interest at an annual rate. The subsidiary amortizes interest and capital consists of a single payment at the end of the established term. This debt was changed to US$ and a fixed interest rate through a currency CLP-US$ and interest rate swap agreements (Cross Currency Interest Rate Swap). For details of the Company's hedge strategies see Note 5 and 7. On July 2, 2017, this loan was paid.
| d) | On April 24, 2014, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco de Chile for a total of ThCh$ 1,000,000, maturing on April 24, 2015.
This loan accrued interest at an annual rate. The subsidiary amortizes interest and capital consists of a single payment at the end of the established term. On April 24, 2015 the loan was renewed for a term of 1 year, maturing on April 21, 2016. On April 22, 2016, this loan was paid.
| e) | On April 24, 2015, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco de Chile for a total of ThCh$ 600,000 for a period of three months expiring on July 24, 2015.
This loan bears interest at a fixed interest rate. The subsidiary pays the interest and principal in a single payment at the end of the deadline. On July 24, 2015, this loan was paid.
| f) | On April 20, 2016, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco de Chile for a total of ThCh$ 2,000,000, maturing on April 20, 2018.
This loan accrued interest at an annual rate. The subsidiary amortizes interest and capital consists of a single payment at the end of the established term. On April 20, 2017, the loan was renewed the maturity on April 20, 2019.
| g) | On August 25, 2016, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco de Chile for a total of ThCh$ 400,000, maturing on August 24, 2018.
This loan accrued interest at an annual rate. The subsidiary amortizes interest and capital consists of a single payment at the end of the established term. Banco Scotiabank – Bank Loans
| a) | On June 21, 2013, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco Scotiabank for a total of US$ 8,000,000, maturing on June 22, 2015.
This loan accrues interest at a compound floating rate Libor plus 90 days plus a fixed margin. The subsidiary amortizes interest quarterly and capital amortization consists of a single payment at the end of the established term. The interest rate risk to which the subsidiary is exposed as result of this loan is mitigated by the use of cross interest rate swap agreements (interest rate fixed). For details of the Company's hedge strategies see Note 5 and 7. On June 22, 2015, this loan was paid.
| b) | On September 4, 2014, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco Scotiabank for a total of US$ 638,674, maturing on September 4, 2016.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term. On August 24, 2016, this loan was paid.
| c) | On June 17, 2015, the subsidiary Viña San Pedro Tarapacá S.A. it signed a bank loan with Banco Scotiabank for a total of US$ 7,871,500, with a term of three years maturing on June 18, 2018.
This loan bears interest at a floating interest rate composed dollar Libor at 90 days plus a fixed margin. The company pays quarterly interest and amortization of capital consists of a single payment at the end of the deadline. The interest rate risk to which the subsidiary is exposed as result of this loan is mitigated by the use of cross interest rate swap agreements (interest rate fixed). For details of the Company's hedge strategies see Note 5 and 7.
| d) | On April 24, 2015, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco Scotiabank for a total of ThCh$ 1,000,000, with a term of one year maturity on April 22, 2016.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term. On April 22, 2016, this loan was paid.
| e) | On April 20, 2016, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco Scotiabank for a total of ThCh$ 2,000,000, with a term of one year maturity on April 20, 2017.
This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest semi-annually and capital amortization consists of a single payment at the end of the established term. On April 20, 2017 the loan was renewed for a term of 2 years, maturing on April 20, 2019. BBVA Banco Francés S.A.; HSBC Bank Argentina S.A.; Banco de Galicia y Buenos Aires S.A.; La Sucursal de Citibank NA established in Argentinian Republic; Banco de La Provincia de Buenos Aires – Syndicated Bank Loan with Compañía Industrial Cervecera S.A. (CICSA) On October 5, 2012, the subsidiary CICSA signed a syndicated bank loan for a total of 187.5 million argentinean pesos, maturing on October 5, 2015. The proportional participation of banks lenders is as follows:
| a) | BBVA Bank French S.A., with 55 million argentinean pesos of pro rata participation.
| b) | Banco de la Provincia de Buenos Aires, with 54 million argentinean pesos.
| c) | HSBC Bank Argentina S.A., with 43.5 million argentinean pesos of pro rata participation.
| d) | Banco de Galicia y Buenos Aires S.A., with 20 million argentinean pesos of pro rata participation.
| e) | Citibank NA established in Argentinian Republic, with 15 million argentinean pesos of pro rata participation.
This loan accrues interest at an annual rate of 15.01% whose payment is made monthly. The subsidiary amortizes capital in 9 consecutive and equal quarterly quotes, once the grace period of 12 months from the date of disbursement. This loan obliges the subsidiary to meet specific requirements and financial covenants related to their Consolidated Financial Statements, which according to agreement of the parties are as follows:
| a) | Maintain a capability of repayment measure at the end of each quarter less than or equal to 3, calculated as the financial debt over Adjusted EBITDA1. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments’ financial covenants and is defined as: Operating result before Interest, Income taxes, Depreciation and Amortization for the period of 12 months immediately prior to the date of calculation.
| b) | Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 2.5, calculated as the ratio of Adjusted EBITDA (as defined in paragraph (a)) and Financial Costs account.
| c) | Maintain at the end of each quarter an indebtedness ratio not higher than 1.5, defined as the ratio Financial Liabilities over the Equity meaning the Equity at the time of calculation, as it arises from their Financial Statements and in accordance with generally accepted accounting principles in the Republic of Argentina.
| d) | Maintain at the end of each quarter a minimum Equity of 600 million of argentinean pesos.
On October 5, 2015, this loan was paid.
| 1 | EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).
Banco de la Nación Argentina – Bank Loan with Compañía Industrial Cervecera S.A. (CICSA)
| a) | On December 28, 2012, CICSA signed a bank loan for a total of 140 million of argentinean pesos for a period of 7 years, maturing on November 26, 2019, and whose loan is delivered in two stages, where the first was carried out on December 28, 2012, for a total of 56 million argentinean pesos and the second on June 28, 2013, for a total of 84 million of Argentinean pesos.
This loan accrues interest at an annual rate of 15% fixed by first 36 months. Having completed that term, accrues interest at a compound floating rate BADLAR in pesos plus a fixed spread of 400 basis points and to this effect will be taken BADLAR rate published by the Central Bank of the Republic of Argentina, corresponding to five working days prior to the start of the period, subject to the condition that does not exceed the lending rate of portfolio general of Banco de la Nación Argentina, in whose case shall apply this. Interest will be paid monthly. The subsidiary amortizes capital in 74 consecutive and equal, once the grace period of 10 months from the date of disbursement. This loan is guaranteed by CCU S.A., through a Stand By issued by the Banco del Estado de Chile to Banco de la Nación Argentina (see Note 34).
| b) | On April 20, 2015, the subsidiary CICSA signed a bank loan for a total of 24 million of argentinean pesos, maturing on April 4, 2018.
This loan accrues interest at a compound floating rate BADLAR in pesos plus a fixed spread of 500 basis points and subject to the condition that does not exceed the lending rate of portfolio general of Banco de la Nación Argentina, in whose case shall apply this. Interest will be paid monthly. The subsidiary amortizes capital in 30 monthly, once the grace period of 6 months from de date of disbursement. This loan is guaranteed by CCU S.A., through a Stand By issued by the Banco del Estado de Chile to Banco de la Nacion Argentina (see Note 34).
| c) | On May 26, 2017, the subsidiary CICSA signed a bank loan for a total of 60 million of argentinean pesos, maturing on May 22, 2018.
This loan accrues a fixed interest at an annual rate of 20%. The subsidiary amortizes monthly interest and and capital amortization consists of a single payment at the end of the established term. This loan is guaranteed by CCU S.A., through a Stand By issued by the Banco del Estado de Chile in favor of Banco de la Nación Argentina (see Note 34).
| d) | On June 26, 2015, the subsidiary CICSA signed a bank loan for a total of 30 million of argentine pesos, maturing on December 26, 2015.
This loan accrues a fixed interest at an annual rate of 23%. The subsidiary amortizes monthly interest and the capital amortization in 6 monthly. On December 26, 2015, this loan was paid. Banco BBVA Francés S.A. – Bank Loan with Compañía Industrial Cervecera S.A. (CICSA) On June 18, 2014, the subsidiary CICSA signed a bank loan with BBVA Bank for a total of 90 million argentinean pesos, maturing on November 18, 2017. This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization quarterly. On November 18, 2017, this loan was paid. Banco de Galicia y Buenos Aires S.A.; Banco Santander Río S.A.; – Syndicated Bank Loan with Compañía Industrial Cervecera S.A. (CICSA) On April 20, 2015, the subsidiary CICSA signed a syndicated bank loan for a total of 150 million argentinean pesos, maturing on April 20, 2018. On September 15, 2016 the subsidiary signed an addendum to the original contract in order to increase the loan capital to 183.33 million argentinean pesos, modify the interest rate, the maturity and schedule of repayment of capital and dates of payment, being the new maturity on September 15, 2019. On July 14, 2017, the subsidiary signed a new addendum to the original contract in order to modify the interest rate to fixed interest at an annual nominal rate of 23%. The rest of the conditions remained unchanged. The proportional participation of banks lenders is as follows: (a) Banco de Galicia y Buenos Aires S.A., with 91.66 million argentinean pesos of pro rata participation.
| (b) | Banco Santander Río, with 91.66 million argentinean pesos of pro rata participation.
This loan accrues interest at an annual rate fixed of 23% whose payment will make monthly. CICSA amortised capital in 24 consecutive and variable monthly installments, once completed the 12-month grace period from the date of signature of the addendum. This loan obliges the subsidiary to meet specific requirements and financial covenants related to their Consolidated Financial Statements, which according to agreement of the parties are as follows:
| a) | Maintain a capability of repayment measure at the end of each quarter less than or equal to 3, calculated as the financial debt over Adjusted EBITDA1. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments’ financial covenants and is defined as: Operating result before Interest, Income taxes, Depreciation and Amortization for the period of 12 months immediately prior to the date of calculation.
| b) | Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 2.5, calculated as the ratio of Adjusted EBITDA (as defined in paragraph (a)) and Financial Costs account.
| c) | Maintain at the end of each quarter an indebtedness ratio not higher than 1.5, defined as the ratio Financial Liabilities over the Equity meaning the Equity at the time of calculation, as it arises from their Financial Statements and in accordance with generally accepted accounting principles in the Republic of Argentina.
| d) | Maintain at the end of each quarter a minimum Equity of 600 million of argentinean pesos.
As of December 31, 2017, the Company was in compliance with the financial covenants and specific requirements of this loan.
B) | Financial Lease Obligations
The most significant financial lease agreements are as follows: CCU S.A. In December, 2004, the Company sold a piece of land previously classified as investment property. As part of the transaction, the Company leased eleven floors of a building under construction on the mentioned piece of land. The building was completed during 2007, and on June 28, 2007, the Company entered into a 25-years lease agreement with Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A., for a total amount of UF 688,635.63, with an annual interest rate of 7.07%. The current value of the agreement amounted to ThCh$ 10,403,632 as of December 31, 2007. The agreement also grants CCU the right or option to acquire the assets contained in the agreement (real estate, furniture and facilities) as from month 68 of the lease. The lease rentals committed are according to the conditions prevailing in the market.
1 | EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).
In 2004 the Company recognized a ThCh$ 3,108,950 gain for the building portion not leased by the Company, and a ThCh$ 2,276,677 liability deferred through completion of the building, when the Company recorded the transaction as financial lease. Subsidiaries: Cervecería Kunstmann S.A. and Finca La Celia S.A.
|  |  |  |  |  | Currency |  | Amount |  |  |  |  |  |  |
Type |  | Institution |  | Contract Date |  | type or reset unit |  | Contract ( Thousands) |  |  | Purchase option (UF) |  |  | Number of quotas |  |  | Anual Interest (%) |
Cervecería Kunstmann S.A.
Land Lote 13F1 |  | Banco del Estado de Chile |  | 11-23-2012 |  | UF |  |  | 22,341 |  |  |  | 348 |  |  |  | 73 |  |  |  | 4.33 |
Finca La Celia S.A.
Automotor |  | Banco Supervielle - Argentina |  | 06-10-2014 |  | ARS |  |  | 5,151 |  |  |  | 206 |  |  |  | 45 |  |  |  | 17.50 |
Automotor |  | Banco Supervielle - Argentina |  | 09-04-2014 |  | ARS |  |  | 4,908 |  |  |  | 196 |  |  |  | 45 |  |  |  | 17.50 |
Automotor |  | Banco Supervielle - Argentina |  | 06-07-2017 |  | ARS |  |  | 17,820 |  |  |  | 713 |  |  |  | 36 |  |  |  | 17.00 |
As of December 31, 2017 future payments and the current value of finance lease obligations are detailed as follows:
|  | As of December 31, 2017 |
Lease Minimum Future Payments |  | Gross Amount |  |  | Interest |  |  | Value |
|  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |
0 to 3 months |  |  | 354,543 |  |  |  | 303,780 |  |  |  | 50,763 |
3 months to 1 year |  |  | 1,034,396 |  |  |  | 908,573 |  |  |  | 125,823 |
Over 1 year to 3 years |  |  | 2,552,580 |  |  |  | 2,407,417 |  |  |  | 145,163 |
Over 3 years to 5 years |  |  | 2,551,761 |  |  |  | 2,388,422 |  |  |  | 163,339 |
Over 5 years |  |  | 27,644,377 |  |  |  | 10,314,590 |  |  |  | 17,329,787 |
Total |  |  | 34,137,657 |  |  |  | 16,322,782 |  |  |  | 17,814,875 |
C) | Bonds Payable
Series E Bonds – CCU S.A. On October 18, 2004, under number 388 the Company recorded in the Securities Record the issue of 20-year term public bonds for a total UF 2,000,000 maturing on December 1, 2024. This issue was placed in the local market on December 1, 2004, with a discount amounting to ThCh$ 897,857. This obligation accrues interests at a fixed annual rate of 4.0%, and it amortizes interest and capital semi-annually. On December 17, 2010, took place the Board of Bondholders Serie E, which decided to modify the issued Contract of those bonds in order to update certain references and adapt it to the new IFRS accounting standards. The amendment of the issued Contract is dated December 21, 2010 and has the repertory No. 35738-2010 in the Notary of Ricardo San Martín Urrejola. Because of these changes, the commitment of the Company is to comply with certain financial ratios that will be calculated only on the Consolidated Financial Statements. These financial ratios and other conditions are as follows:
| (a) | Maintain at the end of each quarter an indebtedness ratio measured over the consolidated financial statements not higher than 1.5, defined as the ratio of Total Adjusted Liabilities and Total Adjusted Equity. Total Adjusted Liabilities is defined as Total Liabilities less Dividends provisioned, according to policy included in the Statement of Changes in Equity, plus the amount of all guarantees granted by the Issuer or its subsidiaries that are cautioned by real guarantees, except as noted in the contract. Total Adjusted Equity is defined as Total Equity plus Dividends provisioned, according to policy included in the Statement of Changes in Equity.
| (b) | Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 3, calculated as the ratio of Adjusted EBITDA and Financial Costs account. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments’ financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded on the Note Nature of the costs and expenses.
| (c) | Maintain at the end of each quarter, assets free of liens for an amount equal to at least 1.2, defined as the ratio of Total Assets free of lien and Total Adjusted Liabilities free of lien. Is defined as Total Assets free of lien are defined as Total Assets less assets pledged as collateral for cautioned obligations of third parties. Total Adjusted Liabilities free of lien are defined as Total Liabilities less Dividends provisioned according to policy contained in the Statement of Changes in Equity.
| (d) | Maintain at the end of each quarter a minimum equity of ThCh$ 312,516,750, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends provisioned account, according to policy contained in the Statement of Changes in Equity. This requirement will increase in the amount resulting from each revaluation of property, plant and equipment to be performed by the Issuer.
| (e) | To maintain, either directly or indirectly, ownership over more than 50% of the subscribed and paid-up shares and over the voting rights of the following companies: Cervecera CCU Chile Limitada, Embotelladoras Chilenas Unidas S.A. and Viña San Pedro Tarapacá S.A., except in the cases and under the terms established in the agreement.
| (f) | To maintain, either directly or through a subsidiary, ownership of the trademark "CRISTAL", denominative for beer class 32 of the international classifier, and not to transfer its use, except to its subsidiaries.
| (g) | Not to make investments in facilities issued by related parties, except in the cases and under the terms established in the agreement.
| (h) | Neither sells nor transfer assets from the issuer and its subsidiaries representing over 25% of the assets total of the consolidated financial statements.
As of December 31, 2017, the Company was in compliance with the financial covenants required for this public issue. Series H Bonds – CCU S.A. On March 23, 2009, under number 573, the Company recorded in the Securities Record the issue of bonds Series H for UF 2 million, with 21 years terms. Emission was placed in the local market on April 2, 2009. The issuance of the Bond H was UF 2 million with maturity on March 15, 2030, with a discount amounting to ThCh$ 156,952, and accrues interest at an annual fixed rate of 4.25%, with amortizes interest and capital semi-annually. By deed dated December 27, 2010 issued in the Notary of Ricardo San Martín Urrejola, under repertoires No. 36446-2010, were amended Issue Contract Series H, in order to update certain references and to adapt to the new IFRS accounting rules. The current issue was subscribed with Banco Santander Chile as representative of the bond holders and as paying bank, and it requires that the Company complies with the following financial covenants on its Consolidated Financial Statements and other specific requirements:
| (a) | Maintain at the end of each quarter an indebtedness ratio measured over the consolidated financial statements not higher than 1.5, defined as the ratio of Total Adjusted Liabilities and Total Adjusted Equity. The Total Adjusted Liabilities are defined as Total Liabilities less Dividends provisioned, according to policy included in the Statement of Changes in Equity, plus the amount of all guarantees, debts or obligations of third parties not within the liability and outside the Issuer or its subsidiaries that are cautioned by real guarantees granted by the Issuer or its subsidiaries. Total Adjusted Equity is defined as Total Equity plus Dividends provisioned account, according to policy included in the Statement of Changes in Equity.
| (b) | Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 3, calculated as the ratio of Adjusted EBITDA and Financial Costs account. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments’ financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded on the Note Nature of the cost and expenses.
| (c) | Maintain at the end of each quarter, assets free of liens for an amount equal to, at least, 1.2, defined as the ratio of Total Assets free of lien and Financial Debt free of lien. Total Assets free of lien are defined as Total Assets less assets pledged as collateral for cautioned obligations of third parties. Financial Debt free of lien is defined as the sum of lines Bank Loans, Bonds payable and Finance lease obligations contained in Note Other financial liabilities of the Consolidated Financial Statements.
| (d) | Maintain at the end of each quarter a minimum equity of ThCh$ 312,516,750, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends provisioned account, according to policy included in the Statement of Changes in Equity. This requirement will increase in the amount resulting from each revaluation of property, plant and equipment to be performed by the Issuer.
| (e) | To maintain, either directly or indirectly, ownership over more than 50% of the subscribed and paid-up shares and over the voting rights of the following companies: Cervecera CCU Chile Limitada and Embotelladoras Chilenas Unidas S.A.
| (f) | Maintain a nominal installed capacity for the production manufacturing of beer and soft drinks, equal or higher altogether than 15.9 million hectolitres a year, except in the cases and under the terms of the contract.
| (g) | To maintain, either directly or through a subsidiary, ownership of the trademark "CRISTAL", denominative for beer class 32 of the international classifier, and not to transfer its use, except to its subsidiaries.
| (h) | Not to make investments in facilities issued by related parties, except in the cases and under the terms established in the agreement.
The inflationary risk associated to the interest rate in which this Bond H is exposed, is mitigated by the use of cross interest rate swap agreements (interest rate fixed). For details of the Company’s hedge strategies see Note 5 and 7. As of December 31, 2017, the Company was in compliance with the financial covenants required for this public issue.
D) | Restriction of subsidiary Viña San Pedro Tarapacá S.A.
The subsidiary Viña San Pedro Tarapacá S.A. must comply with certain financial ratios for certain bank loans referred to in letter A):
| (a) | Control over subsidiaries representing at least 30% of the consolidated Adjusted EBITDA of the issuer. Adjusted EBITDA. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments’ financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded in the Note Nature of the costs and expenses.
| (b) | Not to enter into investments in instruments issued by related parties different from its subsidiaries.
| (c) | Neither sells nor transfers essential assets that jeopardize the continuance of its current purpose.
| (d) | Maintain at the end of each quarter an indebtedness ratio measured over the consolidated financial statements not higher than 1.2, defined as the ratio of Total Adjusted Liabilities and Total Adjusted Equity. The Total Adjusted Liabilities is defined as Total Liabilities less Dividends provisioned, according to policy contained in the Statement of Changes in Equity, plus the amount of all guarantees, debts or obligations of third parties not within the liabilities and outside the Issuer or its subsidiaries that are cautioned by real guarantees granted by the Issuer or its subsidiaries. Total Adjusted Equity is defined as Total Equity plus Dividends provisioned, according to policy contained in the Statement of Changes in Equity.
| (e) | Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 3, calculated as the ratio of Adjusted EBITDA (as defined in paragraph (a)) and Financial Costs account.
| (f) | Maintain at the end of each quarter a minimum equity of ThCh$ 83,337,800, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends provisioned account, according to policy included in the Statement of Changes in Equity. This requirement will increase in the amount resulting from each revaluation of property, plant and equipment to be performed by the Issuer.
E) | Restriction of CCU S.A.
The Company must comply with the following financial ratios for the loan maintained with Banco del Estado de Chile for an amount of ThCh$ 40,000,000, referred in letter A):
| (a) | Maintain at the end of each semester an indebtedness ratio measured over the consolidated financial statements not higher than 1.5, defined as the ratio of Total Adjusted Liabilities and Total Adjusted Equity. The Total Adjusted Liabilities are defined as Total Consolidated Liabilities less Dividends provisioned, according to policy included in the Statement of Changes in Equity, plus the amount of all guarantees issued by the Company and its subsidiaries that are cautioned by real guarantees, except as noted in the contract. Total Adjusted Equity is defined as Total Equity plus Dividends provisioned account, according to policy included in the Statement of Changes in Equity.
| (b) | Maintain a Financial Expense Coverage measured at the end of each semester and retroactively for periods of 12 months, not less than 3, calculated as the ratio of Adjusted EBITDA and Finance Costs account. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments’ financial covenants and is defined as: (i) the sum of Gross Margin and Other income by function accounts; (ii) less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii) plus (absolute numbers) Depreciation and Amortization recorded on the Note Nature of the costs and expenses.
| (c) | Maintain at the end of each semester a minimum equity of ThCh$ 312,516,750, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends provisioned account, according to policy included in the Statement of Changes in Equity.
| (d) | Maintain at the end of each semester, assets free of liens for an amount equal to at least 1.2, defined as the ratio of Total Assets free of lien and Finance Debt free of lien. Total Assets free of lien are defined as Total Assets less assets pledged as collateral for cautioned obligations of third parties. Finance Debt free of lien are defined as the sum of Bank loan, Bonds payable and Lease obligations contained under Note Other financial liabilities.
| (e) | To maintain, either directly or indirectly, ownership over more than 50% of the subscribed and paid-up shares and over the voting rights of the following companies: Cervecera CCU Chile Ltda. and Embotelladoras Chilenas Unidas S.A.
| (f) | Maintain a nominal installed capacity for the production manufacturing of beer and soft drinks, equal or higher altogether than 15.9 million hectolitres a year.
| (g) | To maintain, either directly or through a subsidiary, ownership of the trademark "CRISTAL", denominative for beer class 32 of the international classifier, and not to transfer its use, except to its subsidiaries.
As of December 31, 2017, the Company was in compliance with the financial covenants required for this loan.
F) | Conciliation of finance obligations of Cash Flows
|  | As of |  |  | Flows |  |  |  |  |  | Change in foreing currency and |  |  |  |  |  | As of |
|  | December 31, |  |  | Payments |  |  |  |  |  | Accrual of |  |  | unit per |  |  |  |  |  | December 31, |
|  | 2016 |  |  | Capital |  |  | Interest |  |  | Acquisitions |  |  | interest |  |  | adjustment |  |  | Others |  |  | 2017 |
|  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |
Other financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 39,079,561 |  |  |  | (22,241,073 | ) |  |  | (7,146,384 | ) |  |  | 16,927,169 |  |  |  | 7,492,719 |  |  |  | (3,435,455 | ) |  |  | (6,052,791 | ) |  |  | 24,623,746 |
Bond payable |  |  | 3,250,023 |  |  |  | - |  |  |  | (3,051,269 | ) |  |  | - |  |  |  | 3,166,139 |  |  |  | 52,599 |  |  |  | (111,357 | ) |  |  | 3,306,135 |
Financial leases obligations |  |  | 215,950 |  |  |  | (1,405,266 | ) |  |  | (8,422 | ) |  |  | - |  |  |  | 1,209,294 |  |  |  | 948 |  |  |  | 164,082 |  |  |  | 176,586 |
Total others financial liabililities current |  |  | 42,545,534 |  |  |  | (23,646,339 | ) |  |  | (10,206,075 | ) |  |  | 16,927,169 |  |  |  | 11,868,152 |  |  |  | (3,381,908 | ) |  |  | (6,000,066 | ) |  |  | 28,106,467 |
Non current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 29,606,398 |  |  |  | (844,687 | ) |  |  | - |  |  |  | 40,850,000 |  |  |  | (306,747 | ) |  |  | (1,470,924 | ) |  |  | 6,052,791 |  |  |  | 73,886,831 |
Bond payable |  |  | 70,836,716 |  |  |  | (2,668,458 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,196,997 |  |  |  | 111,357 |  |  |  | 69,476,612 |
Financial leases obligations |  |  | 17,500,919 |  |  |  | (8,962 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 292,593 |  |  |  | (146,261 | ) |  |  | 17,638,289 |
Total others financial liabililities non-current |  |  | 117,944,033 |  |  |  | (3,522,107 | ) |  |  | - |  |  |  | 40,850,000 |  |  |  | (306,747 | ) |  |  | 18,666 |  |  |  | 6,017,887 |  |  |  | 161,001,732 |
Total others financial liabililities |  |  | 160,489,567 |  |  |  | (27,168,446 | ) |  |  | (10,206,075 | ) |  |  | 57,777,169 |  |  |  | 11,561,405 |  |  |  | (3,363,242 | ) |  |  | 17,821 |  |  |  | 189,108,199 |
|  | As of |  |  | Flows |  |  |  |  |  | Change in foreing currency and |  |  |  |  |  | As of |
|  | December 31, |  |  | Payments |  |  |  |  |  | Accrual of |  |  | unit per |  |  |  |  |  | December 31, |
|  | 2015 |  |  | Capital |  |  | Interest |  |  | Acquisitions |  |  | interest |  |  | adjustment |  |  | Others |  |  | 2016 |
|  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |
Other financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 27,714,998 |  |  |  | (24,801,943 | ) |  |  | (8,634,001 | ) |  |  | 19,345,325 |  |  |  | 8,655,483 |  |  |  | (2,648,436 | ) |  |  | 19,448,135 |  |  |  | 39,079,561 |
Bond payable |  |  | 3,155,239 |  |  |  | - |  |  |  | (3,093,163 | ) |  |  | - |  |  |  | 3,216,241 |  |  |  | 15,879 |  |  |  | (44,173 | ) |  |  | 3,250,023 |
Financial leases obligations |  |  | 321,416 |  |  |  | (1,530,851 | ) |  |  | - |  |  |  | - |  |  |  | 1,205,019 |  |  |  | 9,427 |  |  |  | 210,939 |  |  |  | 215,950 |
Total others financial liabililities current |  |  | 31,191,653 |  |  |  | (26,332,794 | ) |  |  | (11,727,164 | ) |  |  | 19,345,325 |  |  |  | 13,076,743 |  |  |  | (2,623,130 | ) |  |  | 19,614,901 |  |  |  | 42,545,534 |
Non current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 48,335,093 |  |  |  | (493,181 | ) |  |  | - |  |  |  | 3,804,384 |  |  |  | 58,219 |  |  |  | (2,649,982 | ) |  |  | (19,448,135 | ) |  |  | 29,606,398 |
Bond payable |  |  | 71,352,994 |  |  |  | (2,615,542 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,055,091 |  |  |  | 44,173 |  |  |  | 70,836,716 |
Financial leases obligations |  |  | 17,238,458 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 473,400 |  |  |  | (210,939 | ) |  |  | 17,500,919 |
Total others financial liabililities non-current |  |  | 136,926,545 |  |  |  | (3,108,723 | ) |  |  | - |  |  |  | 3,804,384 |  |  |  | 58,219 |  |  |  | (121,491 | ) |  |  | (19,614,901 | ) |  |  | 117,944,033 |
Total others financial liabililities |  |  | 168,118,198 |  |  |  | (29,441,517 | ) |  |  | (11,727,164 | ) |  |  | 23,149,709 |  |  |  | 13,134,962 |  |  |  | (2,744,621 | ) |  |  | - |  |  |  | 160,489,567 |
|  | As of |  |  | Flows |  |  |  |  |  | Change in foreing currency and |  |  |  |  |  | As of |
|  | December 31, |  |  | Payments |  |  |  |  |  | Accrual of |  |  | unit per |  |  |  |  |  | December 31, |
|  | 2014 |  |  | Capital |  |  | Interest |  |  | Acquisitions |  |  | interest |  |  | adjustment |  |  | Others |  |  | 2015 |
|  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |  |  | ThCh$ |
Other financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 49,137,899 |  |  |  | (54,611,891 | ) |  |  | (10,807,228 | ) |  |  | 23,358,700 |  |  |  | 11,212,161 |  |  |  | (6,425,775 | ) |  |  | 15,851,132 |  |  |  | 27,714,998 |
Bond payable |  |  | 3,029,431 |  |  |  | (2,525,569 | ) |  |  | (3,070,875 | ) |  |  | - |  |  |  | 3,194,839 |  |  |  | 118,555 |  |  |  | 2,408,858 |  |  |  | 3,155,239 |
Financial leases obligations |  |  | 518,140 |  |  |  | (1,697,649 | ) |  |  | 3,197 |  |  |  | - |  |  |  | 1,177,697 |  |  |  | 12,462 |  |  |  | 307,569 |  |  |  | 321,416 |
Total others financial liabililities current |  |  | 52,685,470 |  |  |  | (58,835,109 | ) |  |  | (13,874,906 | ) |  |  | 23,358,700 |  |  |  | 15,584,697 |  |  |  | (6,294,758 | ) |  |  | 18,567,559 |  |  |  | 31,191,653 |
Non current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 46,684,250 |  |  |  | (185,132 | ) |  |  | - |  |  |  | 19,570,689 |  |  |  | - |  |  |  | (1,883,582 | ) |  |  | (15,851,132 | ) |  |  | 48,335,093 |
Bond payable |  |  | 70,908,208 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,853,644 |  |  |  | (2,408,858 | ) |  |  | 71,352,994 |
Financial leases obligations |  |  | 16,874,805 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 671,222 |  |  |  | (307,569 | ) |  |  | 17,238,458 |
Total others financial liabililities non-current |  |  | 134,467,263 |  |  |  | (185,132 | ) |  |  | - |  |  |  | 19,570,689 |  |  |  | - |  |  |  | 1,641,284 |  |  |  | (18,567,559 | ) |  |  | 136,926,545 |
Total others financial liabililities |  |  | 187,152,733 |  |  |  | (59,020,241 | ) |  |  | (13,874,906 | ) |  |  | 42,929,389 |  |  |  | 15,584,697 |  |  |  | (4,653,474 | ) |  |  | - |  |  |  | 168,118,198 |

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

X
- References No definition available. + Details
Name: | ccu_DisclosureOfOtherFinancialLiabilitiesExplanatoryTextBlock
Namespace Prefix: | ccu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration