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Trade and other receivables | 12 Months Ended
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Dec. 31, 2017
Disclosure of trade and other receivables [Abstract] |
Disclosure of trade and other receivables [text block] | Note 10 Trade and other receivables The trade and other receivables are detailed as follows:
|  | As of December 31, 2017 |  | As of December 31, 2016 |
|  | Current |  | Non current |  | Current |  | Non current |
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |
Accounts receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Chile operating segment |  |  | 159,465,654 |  |  | - |  |  | 145,670,490 |  |  | - |
International business operating segment |  |  | 62,587,204 |  |  | - |  |  | 63,602,409 |  |  | - |
Wines operating segment |  |  | 40,284,490 |  |  | - |  |  | 42,958,093 |  |  | - |
Impairment loss estimate |  |  | (4,154,752) |  |  | - |  |  | (3,837,914) |  |  | - |
Total commercial debtors |  |  | 258,182,596 |  |  | - |  |  | 248,393,078 |  |  | - |
Others accounts receivables (1) |  |  | 28,031,002 |  |  | 3,330,606 |  |  | 32,395,055 |  |  | 3,563,797 |
Total other accounts receivable |  |  | 28,031,002 |  |  | 3,330,606 |  |  | 32,395,055 |  |  | 3,563,797 |
Total |  |  | 286,213,598 |  |  | 3,330,606 |  |  | 280,788,133 |  |  | 3,563,797 |
| (1) | As of December 31, 2017, this item mainly includes ThCh$ 2,411,833 (ThCh$ 2,898,277 in 2016) in non-current related to the account receivable from the sale of the 49% that subsidiary CPCh had in Compañía Pisquera Bauzá S.A. (see Note 1, letter (b)).
The Company’s accounts receivable are denominated in the following currencies:
|  | As of December 31, 2017 |  | As of December 31, 2016 |
|  | ThCh$ |  | ThCh$ |
Chilean Peso |  |  | 183,948,334 |  |  | 179,896,747 |
Argentine Peso |  |  | 54,882,590 |  |  | 56,773,947 |
US Dollar |  |  | 27,810,990 |  |  | 24,451,001 |
Euro |  |  | 9,326,882 |  |  | 7,025,446 |
Unidad de Fomento |  |  | 2,590,736 |  |  | 3,613,395 |
Uruguayan Peso |  |  | 4,372,909 |  |  | 5,304,719 |
Paraguayan Guaraní |  |  | 5,495,532 |  |  | 6,030,014 |
Others Currencies |  |  | 1,116,231 |  |  | 1,256,661 |
Total |  |  | 289,544,204 |  |  | 284,351,930 |
The detail of the accounts receivable maturities as of December 31, 2017, is detailed as follows:
|  |  |  |  |  |  |  | Overdue balances |
|  | Total |  | Current balance |  | 0 a 3 months |  | 3 a 6 months |  | 6 a 12 months |  | More than 12 months |
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |
Accounts receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chile operating segment |  |  | 159,465,654 |  |  | 150,256,296 |  |  | 4,960,461 |  |  | 1,037,876 |  |  | 1,358,009 |  |  | 1,853,012 |
International business operating segment |  |  | 62,587,204 |  |  | 56,180,536 |  |  | 4,978,409 |  |  | 595,173 |  |  | 318,551 |  |  | 514,535 |
Wines operating segment |  |  | 40,284,490 |  |  | 36,270,918 |  |  | 3,347,465 |  |  | 219,135 |  |  | 224,487 |  |  | 222,485 |
Impairment loss estimate |  |  | (4,154,752) |  |  | - |  |  | (421,560) |  |  | (695,114) |  |  | (1,001,699) |  |  | (2,036,379) |
Total commercial debtors |  |  | 258,182,596 |  |  | 242,707,750 |  |  | 12,864,775 |  |  | 1,157,070 |  |  | 899,348 |  |  | 553,653 |
Others accounts receivables |  |  | 28,031,002 |  |  | 27,768,858 |  |  | 97,052 |  |  | 165,092 |  |  | - |  |  | - |
Total other accounts receivable |  |  | 28,031,002 |  |  | 27,768,858 |  |  | 97,052 |  |  | 165,092 |  |  | - |  |  | - |
Total current |  |  | 286,213,598 |  |  | 270,476,608 |  |  | 12,961,827 |  |  | 1,322,162 |  |  | 899,348 |  |  | 553,653 |
Others accounts receivables |  |  | 3,330,606 |  |  | 3,330,606 |  |  | - |  |  | - |  |  | - |  |  | - |
Total non-current |  |  | 3,330,606 |  |  | 3,330,606 |  |  | - |  |  | - |  |  | - |  |  | - |
The detail of the accounts receivable maturities as of December 31, 2016, is detailed as follows:
|  |  |  |  |  |  |  | Overdue balances |
|  | Total |  | Current balance |  | 0 a 3 months |  | 3 a 6 months |  | 6 a 12 months |  | More than 12 months |
|  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |  | ThCh$ |
Accounts receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chile operating segment |  |  | 145,670,490 |  |  | 134,545,838 |  |  | 8,090,616 |  |  | 1,136,211 |  |  | 638,417 |  |  | 1,259,408 |
International business operating segment |  |  | 63,602,409 |  |  | 55,231,951 |  |  | 7,521,071 |  |  | 130,299 |  |  | 275,300 |  |  | 443,788 |
Wines operating segment |  |  | 42,958,093 |  |  | 39,499,120 |  |  | 3,028,707 |  |  | 208,628 |  |  | 137,671 |  |  | 83,967 |
Impairment loss estimate |  |  | (3,837,914) |  |  | - |  |  | (1,130,545) |  |  | (478,707) |  |  | (542,389) |  |  | (1,686,273) |
Total commercial debtors |  |  | 248,393,078 |  |  | 229,276,909 |  |  | 17,509,849 |  |  | 996,431 |  |  | 508,999 |  |  | 100,890 |
Others accounts receivables |  |  | 32,395,055 |  |  | 31,917,416 |  |  | 186,213 |  |  | 291,426 |  |  | - |  |  | - |
Total other accounts receivable |  |  | 32,395,055 |  |  | 31,917,416 |  |  | 186,213 |  |  | 291,426 |  |  | - |  |  | - |
Total current |  |  | 280,788,133 |  |  | 261,194,325 |  |  | 17,696,062 |  |  | 1,287,857 |  |  | 508,999 |  |  | 100,890 |
Others accounts receivables |  |  | 3,563,797 |  |  | 3,563,797 |  |  | - |  |  | - |  |  | - |  |  | - |
Total non-current |  |  | 3,563,797 |  |  | 3,563,797 |  |  | - |  |  | - |  |  | - |  |  | - |
The Company markets its products through wholesale customers, retail and supermarket chains. As of December 31, 2017, the accounts receivable from the three most important supermarket chains in Chile and Argentina represent 28.1% (27.1% in 2016) of the total accounts receivable. As indicated in the Risk management note (Note 5), for Credit Risk purposes, the Company acquires credit insurance policies to cover approximately 90% and 99% of the significant accounts receivable balances domestic and export, respectively, of the total of the account receivables. Regarding amounts aged more than 6 months and for which no allowances have been constituted, they correspond mainly to amounts already covered by the credit insurance policies. In addition, there are amounts overdue within ranges for which, in accordance with current policies are only partially impaired for, based on a case by case analysis. For the above mentioned, management estimates that it does not require establishing allowances for further deterioration, in addition to those already constituted based on an aging analysis of these balances. The write-offs of our doubtful clients are once all pre-trial and judicial, efforts have been made and exhausted all means of payment, with the proper demonstration of the insolvency of customers. This process of punishment normally takes more than 1 year. The movement of the impairment losses provision for accounts receivable is as follows:
|  | As of December 31, 2017 |  | As of December 31, 2016 |
|  | ThCh$ |  | ThCh$ |
Balance at the beginning of year |  |  | (3,837,914) |  |  | (3,936,871) |
Impairment estimate for accounts receivable |  |  | (1,948,264) |  |  | (1,352,722) |
Uncollectible accounts |  |  | 634,256 |  |  | 219,222 |
Add back of unused provisions |  |  | 832,704 |  |  | 1,031,841 |
Effect of translation into presentation currency |  |  | 164,466 |  |  | 200,616 |
Total |  |  | (4,154,752) |  |  | (3,837,914) |

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