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Financial Information as per operating segments (Details 1) - CLP ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Sales revenue external customers $ 1,678,397,181 $ 1,535,321,041 $ 1,469,989,796
Other income 19,963,613 23,576,667 28,381,919
Sales revenue between segments 0 0 0
Net sales $ 1,698,360,794 $ 1,558,897,708 $ 1,498,371,715
Change % 8.90% 0.00% 0.00%
Cost of sales $ 798,738,655 $ 741,819,916 $ 685,075,251
% of Net sales 47.00% 47.60% 45.70%
Gross margin $ 899,622,139 $ 817,077,792 $ 813,296,464
% of Net sales 53.00% 52.40% 54.30%
MSD&A [1] $ (668,783,480) $ (619,542,751) $ (612,564,776)
% of Net sales 39.40% 39.70% 40.90%
Other operating income (expenses) $ 4,055,543 $ 3,116,679 $ 4,205,310
Adjusted operating result $ 227,177,411 $ 192,305,813 $ 213,448,998
Change % 17.10% 0.00% 0.00%
% of Net sales 13.80% 12.90% 13.70%
Net financial expense $ (19,115,361) $ (14,627,170) $ (15,255,586)
Equity and income of associates and joint ventures (8,914,097) (5,560,522) (5,228,135)
Foreign currency exchange differences (2,563,019) 456,995 957,565
Results as per adjustment units (110,539) (2,246,846) (3,282,736)
Other gains (losses) (7,716,791) (8,345,907) 8,512,000
Income before taxes 196,474,395 170,328,270 190,640,106
Tax income (expense) 48,365,976 30,246,383 50,114,516
Net income for year 148,108,419 140,081,887 140,525,590
Non-controlling interests 18,501,066 21,624,399 19,717,455
Net income attributable to equity holders of the parent 129,607,353 118,457,488 120,808,135
Depreciation and amortization 92,199,504 83,528,045 81,566,802
ORBDA [2] $ 327,093,706 $ 284,179,765 $ 286,503,800
Change % 15.10% 0.00% 0.00%
% of Net sales 19.30% 18.20% 19.10%
Chile [Member]      
Sales revenue external customers $ 1,020,763,055 $ 973,220,715 $ 885,769,609
Other income 14,667,777 15,630,481 16,757,566
Sales revenue between segments 11,688,658 8,524,493 6,932,905
Net sales $ 1,047,119,490 $ 997,375,689 $ 909,460,080
Change % 5.00% 0.00% 0.00%
Cost of sales $ (483,604,499) $ (471,151,686) $ (411,375,380)
% of Net sales 46.20% 47.20% 45.20%
Gross margin $ 563,514,991 $ 526,224,003 $ 498,084,700
% of Net sales 53.80% 52.80% 54.80%
MSD&A [1] $ (383,169,121) $ (373,407,847) $ (343,380,553)
% of Net sales 36.60% 37.40% 37.80%
Other operating income (expenses) $ 2,438,416 $ 1,734,871 $ 626,889
Adjusted operating result [3] $ 182,784,286 $ 154,551,027 $ 155,331,036
Change % 18.30% 0.00% 0.00%
% of Net sales 17.50% 15.50% 17.10%
Net financial expense $ 0 $ 0 $ 0
Equity and income of associates and joint ventures 0 0 0
Foreign currency exchange differences 0 0 0
Results as per adjustment units 0 0 0
Other gains (losses) 0 0 0
Depreciation and amortization 64,807,818 61,736,849 56,698,871
ORBDA [2] $ 247,592,104 $ 216,287,876 $ 212,029,907
Change % 14.50% 0.00% 0.00%
% of Net sales 23.60% 21.70% 23.30%
International Business [Member]      
Sales revenue external customers $ 457,178,413 $ 366,778,056 $ 400,051,022
Other income 2,740,533 2,783,615 4,708,728
Sales revenue between segments 398,100 546,972 953,967
Net sales $ 460,317,046 $ 370,108,643 $ 405,713,717
Change % 24.40% 0.00% 0.00%
Cost of sales $ (190,387,412) $ (157,485,547) $ (162,665,341)
% of Net sales 41.40% 42.60% 40.10%
Gross margin $ 269,929,634 $ 212,623,096 $ 243,048,376
% of Net sales 58.60% 57.40% 59.90%
MSD&A [1] $ (225,341,789) $ (191,413,501) $ (216,098,525)
% of Net sales 49.00% 51.70% 53.30%
Other operating income (expenses) $ 678,153 $ (394,820) $ 3,315,892
Adjusted operating result [3] $ 45,265,998 $ 20,814,775 $ 30,265,743
Change % 117.50% 0.00% 0.00%
% of Net sales 9.80% 5.60% 7.50%
Net financial expense $ 0 $ 0 $ 0
Equity and income of associates and joint ventures 0 0 0
Foreign currency exchange differences 0 0 0
Results as per adjustment units 0 0 0
Other gains (losses) 0 0 0
Depreciation and amortization 15,568,301 11,928,705 14,334,415
ORBDA [2] $ 60,834,299 $ 32,743,480 $ 44,600,158
Change % 85.80% 0.00% 0.00%
% of Net sales 13.20% 8.80% 11.00%
Wines [Member]      
Sales revenue external customers $ 200,455,713 $ 195,322,270 $ 184,169,165
Other income 3,105,064 5,851,015 5,214,674
Sales revenue between segments 893,005 228,767 131,209
Net sales $ 204,453,782 $ 201,402,052 $ 189,515,048
Change % 1.50% 0.00% 0.00%
Cost of sales $ (126,244,373) $ (112,938,261) $ (105,956,281)
% of Net sales 61.70% 56.10% 55.90%
Gross margin $ 78,209,409 $ 88,463,791 $ 83,558,767
% of Net sales 38.30% 43.90% 44.10%
MSD&A [1] $ (53,941,735) $ (52,007,092) $ (51,070,291)
% of Net sales 26.40% 25.80% 26.90%
Other operating income (expenses) $ 251,765 $ 732,689 $ 44,823
Adjusted operating result [3] $ 24,519,439 $ 37,189,388 $ 32,533,299
Change % (34.10%) 0.00% 0.00%
% of Net sales 12.00% 18.50% 17.20%
Net financial expense $ 0 $ 0 $ 0
Equity and income of associates and joint ventures 0 0 0
Foreign currency exchange differences 0 0 0
Results as per adjustment units 0 0 0
Other gains (losses) 0 0 0
Depreciation and amortization 7,505,440 7,078,872 7,568,991
ORBDA [2] $ 32,024,879 $ 44,268,260 $ 40,102,290
Change % (27.70%) 0.00% 0.00%
% of Net sales 15.70% 22.00% 21.20%
Other Segments [Member]      
Sales revenue external customers $ 0 $ 0 $ 0
Other income (549,761) (688,444) 1,700,951
Sales revenue between segments (12,979,763) (9,300,232) (8,018,081)
Net sales $ (13,529,524) $ (9,988,676) $ (6,317,130)
Change % 0.00% 0.00% 0.00%
Cost of sales $ 1,497,629 $ (244,422) $ (5,078,249)
% of Net sales 0.00% 0.00% 0.00%
Gross margin $ (12,031,895) $ (10,233,098) $ (11,395,379)
% of Net sales 0.00% 0.00% 0.00%
MSD&A [1] $ (6,330,835) $ (2,714,311) $ (2,015,407)
% of Net sales 0.00% 0.00% 0.00%
Other operating income (expenses) $ 687,209 $ 1,043,939 $ 217,706
Adjusted operating result [3] $ (17,675,521) $ (11,903,470) $ (13,193,080)
Change % 0.00% 0.00% 0.00%
% of Net sales 0.00% 0.00% 0.00%
Net financial expense $ 0 $ 0 $ 0
Equity and income of associates and joint ventures 0 0 0
Foreign currency exchange differences 0 0 0
Results as per adjustment units 0 0 0
Other gains (losses) 0 0 0
Depreciation and amortization [4] 4,317,945 2,783,619 2,964,525
ORBDA [2] $ (13,357,576) $ (9,119,851) $ (10,228,555)
Change % 0.00% 0.00% 0.00%
% of Net sales 0.00% 0.00% 0.00%
[1] MSD and A, included Marketing, Selling, Distribution and Administrative expenses.
[2] ORBDA (for management purpose we have defined as Adjusted Operating Result before Depreciation and Amortization).
[3] Adjusted operating result (for management purposes we have defined as Net income before other gains (losses), net financial expense, equity and income of joint venture, foreign currency exchange differences, result as per adjustment units and income taxes).
[4] Includes depreciation and amortization corresponding to the Corporate Support Units.