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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - CLP ($)
Total
Common Stock
Reserve of exchange differences on translation
Reserve of cash flow hedges
Reserve of Actuarial gains and losses on defined benefit plans
Other reserves
Retained earnings
Equity attributable to equity holders of the parent
Non-controlling interests
Beginning Balance at Dec. 31, 2014 $ 1,148,499,918,000 $ 562,693,346,000 $ (67,782,858,000) $ (43,370,000) $ (1,712,687,000) $ (5,511,629,000) $ 537,945,375,000 $ 1,025,588,177,000 $ 122,911,741,000
Changes                  
Interim dividends [1] (24,387,190,000) 0 0 0 0 0 (24,387,190,000) (24,387,190,000) 0
Interim dividends according to policy [2] (36,016,878,000) 0 0 0 0 0 (36,016,878,000) (36,016,878,000) 0
Other increase (decrease) in Equity [3] (10,858,589,000) 0 0 0 0 25,543,000 0 25,543,000 (10,884,132,000)
Total Comprehensive income (expense) 110,284,884,000 0 (27,652,528,000) 40,844,000 (589,731,000) 0 120,808,135,000 92,606,720,000 17,678,164,000
Total changes in equity 39,022,227,000 0 (27,652,528,000) 40,844,000 (589,731,000) 25,543,000 60,404,067,000 32,228,195,000 6,794,032,000
Ending Balance at Dec. 31, 2015 1,187,522,145,000 562,693,346,000 (95,435,386,000) (2,526,000) (2,302,418,000) (5,486,086,000) 598,349,442,000 1,057,816,372,000 129,705,773,000
Changes                  
Interim dividends [1] (24,387,190,000) 0 0 0 0 0 (24,387,190,000) (24,387,190,000) 0
Interim dividends according to policy [2] (34,841,553,000) 0 0 0 0 0 (34,841,553,000) (34,841,553,000) 0
Other increase (decrease) in Equity [3] (14,413,649,000) 0 0 0 0 0 0 0 (14,413,649,000)
Effects business combination [4] 363,139,000 0 0 0 0 0 0 0 363,139,000
Total Comprehensive income (expense) 111,169,839,000 0 (25,123,546,000) 41,607,000 (1,623,299,000) 0 118,457,488,000 91,752,250,000 19,417,589,000
Increase (decrease) through changes in ownership interests in subsidaries [5] (24,757,013,000) 0 0 0 0 (13,041,724,000) (13,041,724,000) 0 (11,715,289,000)
Total changes in equity 13,133,573,000 0 (25,123,546,000) 41,607,000 (1,623,299,000) (13,041,724,000) 59,228,745,000 19,481,783,000 (6,348,210,000)
Ending Balance at Dec. 31, 2016 1,200,655,718,000 562,693,346,000 (120,558,932,000) 39,081,000 (3,925,717,000) (18,527,810,000) 657,578,187,000 1,077,298,155,000 123,357,563,000
Changes                  
Final dividends [6] (5,922,874,000) 0 0 0 0 0 (5,922,874,000) (5,922,874,000) 0
Interim dividends [1] (25,865,201,000) 0 0 0 0 0 (25,865,201,000) (25,865,201,000) 0
Interim dividends according to policy [2] (38,938,475,000) 0 0 0 0 0 (38,938,475,000) (38,938,475,000) 0
Other increase (decrease) in Equity [3] (8,805,260,000) 0 0 0 0 0 0 0 (8,805,260,000)
Total Comprehensive income (expense) 113,289,447,000 0 (32,982,829,000) (10,837,000) (32,794,000) 0 129,607,353,000 96,580,893,000 16,708,554,000
Increase (decrease) through changes in ownership interests in subsidaries [7] (7,584,747,000) 0 0 0 0 (2,075,441,000) 0 (2,075,441,000) (5,509,306,000)
Total changes in equity 26,172,890,000 0 (32,982,829,000) (10,837,000) (32,794,000) (2,075,441,000) 58,880,803,000 23,778,902,000 2,393,988,000
Ending Balance at Dec. 31, 2017 $ 1,226,828,608,000 $ 562,693,346,000 $ (153,541,761,000) $ 28,244,000 $ (3,958,511,000) $ (20,603,251,000) $ 716,458,990,000 $ 1,101,077,057,000 $ 125,751,551,000
[1] Related to dividends declared as of December 31 of each year and paid during January of the following year, as agreed by the Board of Directors.
[2] Corresponds to the differences between CCU’s policy to distribute a minimum dividend of at least 50% of the income (Note 27) and the interim dividends declared as of December 31 of each year.
[3] Mainly related to dividends to Non-controlling interest.
[4] Corresponds to the non-controlling interest from the business combination of paraguayan company Sajonia Brewing Company S.R.L. (see Note 1 (2)).
[5] In 2016, the Company, through its subsidiaries Aguas CCU-Nestlé Chile S.A. and Embotelladoras Chilenas Unidas S.A., acquired an additional interest of Manantial S.A. for an amount of ThCh$ 19,111,686, with a carrying amount to ThCh$ 3,816,220, gererating in a decrease in Other reserves of ThCh$ 7,801,153 (see Note 1 (1)). Additionally, during 2016 the Company, through its subsidiary Compañía Industrial Cervecera S.A. acquired an additional interest in Los Huemules SRL. for an amount of ThCh$ 118,092, with a carrying amount of ThCh$ 312,103, resulting in an increase in Other reserves of ThCh$ 194,000 (see Note 1 (4)). Finally during 2016, the joint venture Foods acquired an additional interest in Alimentos Nutrabien S.A. for an amount of ThCh$ 14,352,706, with a carrying amount of ThCh$ 3,497,385, resulting in a decrease of ThCh$ 5,426,209.
[6] Corresponds to the differences between the final dividend and CCU’s policy of distributing a minimum dividend of at least 50% of income ( see Note 27).
[7] During 2017, through its subsidiary CCU Inversiones S.A., the Company acquired an additional interest of VSPT for an amount of ThCh$ 7,800,000 with a carrying amount of ThCh$ 5,724,003, generated, at CCu's consolidated level, a decrease in Other reserves of ThCh$ 2,075,441.