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Other financial liabilities | 12 Months Ended
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Dec. 31, 2018
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 Financial Statements are detailed as follows:
|  | As of December 31, 2018 |  |  | As of December 31, 2017 |
|  | Current |  |  | Non current |  |  | Current |  |  | Non current |
|  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |
Bank borrowings (*) |  |  | 38,160,178 |  |  |  | 75,200,804 |  |  |  | 24,623,746 |  |  |  | 73,886,831 |
Bonds payable (*) |  |  | 4,081,175 |  |  |  | 135,281,303 |  |  |  | 3,306,135 |  |  |  | 69,476,612 |
Financial leases obligations (*) |  |  | 365,972 |  |  |  | 17,546,162 |  |  |  | 176,586 |  |  |  | 17,638,289 |
Derivative financial instruments (**) |  |  | 4,997,124 |  |  |  | - |  |  |  | 10,416,675 |  |  |  | - |
Derivative hedge liabilities (**) |  |  | 1,194,502 |  |  |  | 157,028 |  |  |  | 1,840,188 |  |  |  | - |
Deposits for return of bottles and containers |  |  | 13,967,995 |  |  |  | - |  |  |  | 13,228,328 |  |  |  | - |
Total |  |  | 62,766,946 |  |  |  | 228,185,297 |  |  |  | 53,591,658 |  |  |  | 161,001,732 |
(*) See Note 5 – Risk administration . (**) See Note 7 – Financial instruments . The maturities and interest rates of these obligations are detailed as follows: Current loan and financial obligation As of December 31, 2018 :
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
76,035,409-0 |  | Cervecera Guayacán SpA. |  |  | Chile |  |  | 76,645,030-K |  |  | Banco Itaú Corpbanca |  |  | Chile |  |  | CLP |  |  |  | 1,091 |  |  |  | 3,578 |  |  |  | 4,669 |  |  | Monthly |  |  |  | 4.87 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  |  | Chile |  |  | 97,030,000-7 |  |  | Banco del Estado de Chile |  |  | Chile |  |  | UF |  |  |  | - |  |  |  | 10,535,493 |  |  |  | 10,535,493 |  |  | At maturity |  |  |  | 2.70 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  |  | Chile |  |  | 97,030,000-7 |  |  | Banco del Estado de Chile |  |  | Chile |  |  | USD |  |  |  | - |  |  |  | 5,670,991 |  |  |  | 5,670,991 |  |  | At maturity |  |  |  | 2.90 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. |  |  | Chile |  |  | 97,018,000-1 |  |  | Scotiabank Chile |  |  | Chile |  |  | USD |  |  |  | - |  |  |  | 10,576,858 |  |  |  | 10,576,858 |  |  | At maturity |  |  |  | 2.96 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. (1) |  |  | Chile |  |  | 97,018,000-1 |  |  | Scotiabank Chile |  |  | Chile |  |  | USD |  |  |  | 11,007 |  |  |  | - |  |  |  | 11,007 |  |  | At maturity |  |  |  | 3.38 |
91,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  |  | Chile |  |  | 97,030,000-7 |  |  | Banco del Estado de Chile |  |  | Chile |  |  | CLP |  |  |  | - |  |  |  | 309,108 |  |  |  | 309,108 |  |  | 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 |  |  |  | 10,829 |  |  |  | 7,300 |  |  |  | 18,129 |  |  | 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 |  |  |  | 18,868 |  |  |  | 18,666 |  |  |  | 37,534 |  |  | 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 |  |  |  | 9,192 |  |  |  | 28,382 |  |  |  | 37,574 |  |  | Monthly |  |  |  | 6.12 |
96,711,590-8 |  | Manantial S.A. |  |  | Chile |  |  | 97,030,000-7 |  |  | Banco del Estado de Chile |  |  | Chile |  |  | CLP |  |  |  | 28,669 |  |  |  | 64,826 |  |  |  | 93,495 |  |  | Monthly |  |  |  | 5.02 |
96,711,590-8 |  | Manantial S.A. |  |  | Chile |  |  | 97,004,000-5 |  |  | Banco de Chile |  |  | Chile |  |  | CLP |  |  |  | 16,666 |  |  |  | 50,000 |  |  |  | 66,666 |  |  | Monthly |  |  |  | 4.44 |
96,711,590-8 |  | Manantial S.A. |  |  | Chile |  |  | 97,004,000-5 |  |  | Banco de Chile |  |  | Chile |  |  | CLP |  |  |  | 20,833 |  |  |  | 62,501 |  |  |  | 83,334 |  |  | Monthly |  |  |  | 4.42 |
96,711,590-8 |  | Manantial S.A. |  |  | Chile |  |  | 97,030,000-7 |  |  | Banco del Estado de Chile |  |  | Chile |  |  | CLP |  |  |  | 73,030 |  |  |  | 224,475 |  |  |  | 297,505 |  |  | 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 |  |  |  | 39,951 |  |  |  | 90,476 |  |  |  | 130,427 |  |  | Monthly |  |  |  | 4.73 |
96,711,590-8 |  | Manantial S.A. |  |  | Chile |  |  | 76,645,030-K |  |  | Banco Itaú Corpbanca |  |  | Chile |  |  | CLP |  |  |  | 37,588 |  |  |  | 115,166 |  |  |  | 152,754 |  |  | Monthly |  |  |  | 4.42 |
96,711,590-8 |  | Manantial S.A. |  |  | Chile |  |  | 97,004,000-5 |  |  | Banco de Chile |  |  | Chile |  |  | CLP |  |  |  | 31,200 |  |  |  | 93,600 |  |  |  | 124,800 |  |  | Monthly |  |  |  | 5.16 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  |  | Chile |  |  | 97,004,000-5 |  |  | Banco de Chile |  |  | Chile |  |  | CLP |  |  |  | 45,100 |  |  |  | - |  |  |  | 45,100 |  |  | At maturity |  |  |  | 4.92 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  |  | Chile |  |  | 97,018,000-1 |  |  | Scotiabank Chile |  |  | Chile |  |  | CLP |  |  |  | - |  |  |  | 2,016,815 |  |  |  | 2,016,815 |  |  | At maturity |  |  |  | 3.98 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  |  | Chile |  |  | 97,004,000-5 |  |  | Banco de Chile |  |  | Chile |  |  | CLP |  |  |  | 6,536 |  |  |  | - |  |  |  | 6,536 |  |  | At maturity |  |  |  | 4.56 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  |  | Chile |  |  | 97,030,000-7 |  |  | Banco del Estado de Chile |  |  | Chile |  |  | CLP |  |  |  | 210,510 |  |  |  | 647,019 |  |  |  | 857,529 |  |  | Monthly |  |  |  | 5.02 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  |  | Chile |  |  | 97,030,000-7 |  |  | Banco del Estado de Chile |  |  | Chile |  |  | CLP |  |  |  | - |  |  |  | 1,026,099 |  |  |  | 1,026,099 |  |  | At maturity |  |  |  | 3.64 |
0-E |  | Compañía Industrial Cervecera S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco de la Nación Argentina |  |  | Argentina |  |  | ARS |  |  |  | 226,995 |  |  |  | 278,924 |  |  |  | 505,919 |  |  | Monthly |  |  |  | 32.50 |
0-E |  | Compañía Industrial Cervecera S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Galicia |  |  | Argentina |  |  | ARS |  |  |  | 506,614 |  |  |  | 545,956 |  |  |  | 1,052,570 |  |  | Quarterly |  |  |  | 23.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Superville |  |  | Argentina |  |  | USD |  |  |  | - |  |  |  | 210,829 |  |  |  | 210,829 |  |  | At maturity |  |  |  | 6.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Patagonia |  |  | Argentina |  |  | USD |  |  |  | 245,193 |  |  |  | - |  |  |  | 245,193 |  |  | At maturity |  |  |  | 6.20 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Patagonia |  |  | Argentina |  |  | USD |  |  |  | - |  |  |  | 208,701 |  |  |  | 208,701 |  |  | At maturity |  |  |  | 4.30 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Patagonia |  |  | Argentina |  |  | USD |  |  |  | 210,949 |  |  |  | - |  |  |  | 210,949 |  |  | At maturity |  |  |  | 5.25 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Patagonia |  |  | Argentina |  |  | USD |  |  |  | 210,101 |  |  |  | - |  |  |  | 210,101 |  |  | At maturity |  |  |  | 6.50 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Patagonia |  |  | Argentina |  |  | ARS |  |  |  | 388,865 |  |  |  | - |  |  |  | 388,865 |  |  | At maturity |  |  |  | 49.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco San Juan |  |  | Argentina |  |  | ARS |  |  |  | - |  |  |  | 643,278 |  |  |  | 643,278 |  |  | Quarterly |  |  |  | 68.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco San Juan |  |  | Argentina |  |  | ARS |  |  |  | - |  |  |  | 136,453 |  |  |  | 136,453 |  |  | Quarterly |  |  |  | 68.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco San Juan |  |  | Argentina |  |  | ARS |  |  |  | - |  |  |  | 116,959 |  |  |  | 116,959 |  |  | Quarterly |  |  |  | 68.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco San Juan |  |  | Argentina |  |  | ARS |  |  |  | - |  |  |  | 38,986 |  |  |  | 38,986 |  |  | Quarterly |  |  |  | 68.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco BBVA |  |  | Argentina |  |  | ARS |  |  |  | 736,905 |  |  |  | - |  |  |  | 736,905 |  |  | At maturity |  |  |  | 64.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Patagonia |  |  | Argentina |  |  | ARS |  |  |  | 238,536 |  |  |  | - |  |  |  | 238,536 |  |  | At maturity |  |  |  | 66.50 |
0-E |  | Bebidas Bolivianas BBO S.A. |  |  | Bolivia |  |  | 0-E |  |  | Banco Mercantil Santa Cruz S.A. |  |  | Bolivia |  |  | BOB |  |  |  | 38,735 |  |  |  | - |  |  |  | 38,735 |  |  | Quarterly |  |  |  | 5.00 |
0-E |  | Milotur S.A. |  |  | Uruguay |  |  | 0-E |  |  | Banco Itaú |  |  | Uruguay |  |  | UI |  |  |  | 110,633 |  |  |  | 326,783 |  |  |  | 437,416 |  |  | Monthly |  |  |  | 4.80 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,878,856 |  |  |  | 34,281,322 |  |  |  | 38,160,178 |  |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco Supervielle |  |  | Argentina |  |  | ARS |  |  |  | 797 |  |  |  | 2,391 |  |  |  | 3,188 |  |  | 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 |  |  |  | 87,629 |  |  |  | 267,426 |  |  |  | 355,055 |  |  | Monthly |  |  |  | 3.95 |
76,077,848-6 |  | Cervecera Belga de la Patagonia S.A. |  |  | Chile |  |  | 97,015,000-5 |  |  | Banco Santander |  |  | Chile |  |  | UF |  |  |  | 2,090 |  |  |  | 5,639 |  |  |  | 7,729 |  |  | Monthly |  |  |  | 6.27 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90,516 |  |  |  | 275,456 |  |  |  | 365,972 |  |  |  |  |  |  |  |
( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows.
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  |  | Debtor country |  |  | Registration |  |  | 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. (1) |  |  | Chile |  |  | Bond H |  |  | 573 03/23/2009 |  | Chile |  |  | UF |  |  |  | 665,357 |  |  |  | 2,486,177 |  |  |  | 3,151,534 |  |  | Semiannual |  |  |  | 4.25 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  |  | Chile |  |  | Bond J |  |  | 898 28/06/2018 |  | Chile |  |  | UF |  |  |  | 929,641 |  |  |  | - |  |  |  | 929,641 |  |  | Semiannual |  |  |  | 2.90 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,594,998 |  |  |  | 2,486,177 |  |  |  | 4,081,175 |  |  |  |  |  |  |  |
( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows.
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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
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 |
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 |
96,981,310-6 |  | 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 |  |  | Quarterly |  |  | 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 |
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 |  |  | Quarterly |  |  | 25.50 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco San Juan |  |  | Argentina |  |  | ARS |  |  |  | - |  |  |  | 674,403 |  |  |  | 674,403 |  |  | Quarterly |  |  | 27.00 |
0-E |  | Finca La Celia S.A. |  |  | Argentina |  |  | 0-E |  |  | Banco San Juan |  |  | Argentina |  |  | ARS |  |  |  | - |  |  |  | 66,398 |  |  |  | 66,398 |  |  | Quarterly |  |  | 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 |
0-E |  | Milotur S.A. |  |  | Uruguay |  |  | 0-E |  |  | Banco Itaú |  |  | Uruguay |  |  | UI |  |  |  | 403,857 |  |  |  | 288,469 |  |  |  | 692,326 |  |  | Monthly |  |  | 6.00 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,891,137 |  |  |  | 19,732,609 |  |  |  | 24,623,746 |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
76,077,848-6 |  | Cervecera Belga de la Patagonia S.A. |  |  | Chile |  |  | 97,015,000-5 |  |  | Banco Santander |  |  | Chile |  |  | UF |  |  |  | 6,231 |  |  |  | - |  |  |  | 6,231 |  |  | Monthly |  |  | 6.27 |
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 |
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 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 50,763 |  |  |  | 125,823 |  |  |  | 176,586 |  |  |  |  |  |  |
( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows.
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  |  | Debtor country |  |  | Registration |  |  | 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 |  |  | Bond E |  |  | 388 10/18/2004 |  | Chile |  |  | UF |  |  |  | 41,232 |  |  |  | 2,617,308 |  |  |  | 2,658,540 |  |  | Semiannual |  |  | 4.00 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. (1) |  |  | Chile |  |  | Bond H |  |  | 573 03/23/2009 |  | 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 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. Non-current loan and financial obligation As of December 31, 2018 :
|  |  |  |  |  |  |  |  |  |  |  |  |  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
76,035,409-0 |  | Cervecera Guayacán SpA. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 10,049 |  |  |  | 11,077 |  |  |  | 43,764 |  |  |  | 64,890 |  |  | Monthly |  |  | 4.87 |
91,041,000-8 |  | Viña San Pedro Tarapacá S.A. (1) |  | Chile |  | 97,018,000-1 |  | Scotiabank Chile |  | Chile |  | USD |  |  | 8,059,332 |  |  |  | - |  |  |  | - |  |  |  | 8,059,332 |  |  | At maturity |  |  | 3.38 |
91,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | - |  |  |  | 39,826,440 |  |  |  | - |  |  |  | 39,826,440 |  |  | 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 |  | CLP |  |  | 18,000 |  |  |  | - |  |  |  | - |  |  |  | 18,000 |  |  | Monthly |  |  | 6.00 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 22,500 |  |  |  | - |  |  |  | - |  |  |  | 22,500 |  |  | Monthly |  |  | 5.76 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 13,048 |  |  |  | - |  |  |  | - |  |  |  | 13,048 |  |  | Monthly |  |  | 6.12 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 52,210 |  |  |  | - |  |  |  | - |  |  |  | 52,210 |  |  | Monthly |  |  | 5.02 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 27,780 |  |  |  | - |  |  |  | - |  |  |  | 27,780 |  |  | Monthly |  |  | 4.44 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 48,610 |  |  |  | - |  |  |  | - |  |  |  | 48,610 |  |  | Monthly |  |  | 4.42 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 41,300 |  |  |  | - |  |  |  | - |  |  |  | 41,300 |  |  | Monthly |  |  | 4.92 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 51,671 |  |  |  | - |  |  |  | - |  |  |  | 51,671 |  |  | Monthly |  |  | 4.73 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 76,645,030-K |  | Banco Itaú Corpbanca |  | Chile |  | CLP |  |  | 92,344 |  |  |  | - |  |  |  | - |  |  |  | 92,344 |  |  | Monthly |  |  | 4.42 |
96,711,590-8 |  | Manantial S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 114,800 |  |  |  | - |  |  |  | - |  |  |  | 114,800 |  |  | Monthly |  |  | 5.16 |
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 |  |  | 4.92 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,004,000-5 |  | Banco de Chile |  | Chile |  | CLP |  |  | 400,000 |  |  |  | - |  |  |  | - |  |  |  | 400,000 |  |  | At maturity |  |  | 4.56 |
96,981,310-6 |  | Cervecería Kunstmann S.A. |  | Chile |  | 97,030,000-7 |  | Banco del Estado de Chile |  | Chile |  | CLP |  |  | 520,654 |  |  |  | - |  |  |  | - |  |  |  | 520,654 |  |  | Monthly |  |  | 5.02 |
0-E |  | Bebidas Bolivianas BBO S.A. |  | Bolivia |  | 0-E |  | Banco Mercantil Santa Cruz S.A. |  | Bolivia |  | BOB |  |  | 1,743,952 |  |  |  | 1,743,952 |  |  |  | 3,487,900 |  |  |  | 6,975,804 |  |  | Quarterly |  |  | 5.00 |
0-E |  | Milotur S.A. |  | Uruguay |  | 0-E |  | Banco Itaú |  | Uruguay |  | UI |  |  | 871,421 |  |  |  | - |  |  |  | - |  |  |  | 871,421 |  |  | Monthly |  |  | 4.80 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14,087,671 |  |  |  | 57,581,469 |  |  |  | 3,531,664 |  |  |  | 75,200,804 |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | 99,012,000-5 |  | Consorcio Nacional de Seguros S.A. |  | Chile |  | UF |  |  | 747,756 |  |  |  | 801,372 |  |  |  | 15,995,307 |  |  |  | 17,544,435 |  |  | Monthly |  |  | 3.95 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | ARS |  |  | 1,727 |  |  |  | - |  |  |  | - |  |  |  | 1,727 |  |  | Monthly |  |  | 17.00 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 749,483 |  |  |  | 801,372 |  |  |  | 15,995,307 |  |  |  | 17,546,162 |  |  |  |  |  |  |
( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows.
|  |  |  |  |  |  |  |  |  |  |  |  |  | Maturity (*) |  |  |  |  |  |  |  |  |
Debtor Tax ID |  | Company |  | Debtor country |  | Registration |  | 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. (1) |  | Chile |  | Bond H |  | 573 03/23/2009 |  | Chile |  | UF |  |  | 9,976,415 |  |  |  | 9,984,905 |  |  |  | 32,519,081 |  |  |  | 52,480,401 |  |  | Semiannual |  |  | 4.25 |
90,413,000-1 |  | Compañía Cervecerías Unidas S.A. |  | Chile |  | Bond J |  | 898 06/28/2018 |  | Chile |  | UF |  |  | - |  |  |  | - |  |  |  | 82,800,902 |  |  |  | 82,800,902 |  |  | Semiannual |  |  | 2.90 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,976,415 |  |  |  | 9,984,905 |  |  |  | 115,319,983 |  |  |  | 135,281,303 |  |  |  |  |  |  |
( 1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement (Note 7 – Financial instruments ) . (*) See Note 5 – Risk administration non-discounted contractual cash flows. 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 |
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 |
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 |
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 |  |  | Quarterly |  |  | 23.00 |
Sub-Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18,136,349 |  |  |  | 55,750,482 |  |  |  | - |  |  |  | 73,886,831 |  |  |  |  |  |  |
Financial leases obligations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
76,077,848-6 |  | Cervecera Belga de la Patagonia S.A. |  | Chile |  | 97,015,000-5 |  | Banco Santander |  | Chile |  | UF |  |  | - |  |  |  | 6,991 |  |  |  | - |  |  |  | 6,991 |  |  | Monthly |  |  | 6.27 |
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 |
0-E |  | Finca La Celia S.A. |  | Argentina |  | 0-E |  | Banco Supervielle |  | Argentina |  | ARS |  |  | 8,792 |  |  |  | - |  |  |  | - |  |  |  | 8,792 |  |  | Monthly |  |  | 17.00 |
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 |  | 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 |  | Bond E |  | 388 10/18/2004 |  | 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 |  | Bond H |  | 573 03/23/2009 |  | 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 – Financial instruments) . (*) See Note 5 – Risk administration 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%
Bonds Serie J | 2.89%
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, 2018 |  |  | As of December 31, 2017 |
|  | Fixed Interest Rate |  |  | Variable Interest Rate |  |  | Fixed Interest Rate |  |  | Variable Interest Rate |
|  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |
US Dollar |  |  | 17,333,622 |  |  |  | 8,070,339 |  |  |  | 6,102,155 |  |  |  | 4,843,243 |
Chilean Pesos |  |  | 65,221,552 |  |  |  | - |  |  |  | 65,836,938 |  |  |  | - |
Argentinean Pesos |  |  | 3,357,467 |  |  |  | 505,919 |  |  |  | 8,987,505 |  |  |  | 1,717,599 |
Unidades de Fomento |  |  | 167,823,319 |  |  |  | - |  |  |  | 100,928,433 |  |  |  | - |
UI |  |  | 1,308,837 |  |  |  | - |  |  |  | 692,326 |  |  |  | - |
Total |  |  | 262,059,336 |  |  |  | 8,576,258 |  |  |  | 182,547,357 |  |  |  | 6,560,842 |
The terms and conditions of the main interest accruing obligations as of December 31, 2018 , 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, 2018 , 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 de Chile for a total of ThCh$ 500,000, at a fixed interest rate; maturing on April 25, 2013, the date on which it was renewed, maturing on April 25, 2014.
The subsidiary amortizes interest and capital in a single payment at the end of the established term. 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, at a fixed interest rate; maturing on April 25, 2014.
The subsidiary amortizes interest and capital in a single payment at the end of the established term. 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 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.
| e) | 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, at a fixed interest rate maturing on July 14, 2020.
The subsidiary amortizes interest and capital monthly until the end of the established term. 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.
| f) | 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, at a fixed interest rate, maturing on November 22, 2016.
The subsidiary amortizes interest and capital of a single payment at the end of the established term. On November 22, 2016, this loan was paid .
| g) | 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, at a fixed interest rate, maturing on April 13, 2022.
The Company amortizes interest semi-annually, and the capital amortization consists in 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:
| 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 ORBDA and Finance Costs account. Adjusted ORBDA means ORBDA 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, 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.
| d. | 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.
| 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, 2018, the Company was in compliance with the financial covenants required for this loan.
| h) | 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, at a fixed interest rate, maturing on July 3, 2018.
The subsidiary amortizes interest monthly, and capital amortization consists in a single payment at the end of the established term. On July 3, 2018, this loan was paid .
| i) | On April 23, 2018, 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, at a fixed interest rate, maturing on April 23, 2019.
The subsidiary amortizes interest and capital amortization consists in a single payment at the end of the established term.
| j) | On April 17, 2018, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 1,000,000, at a fixed interest rate, maturing on April 17, 2019.
The subsidiary amortizes interest and capital amortization consists in a single payment at the end of the established term.
| k) | On April 26, 2018, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco del Estado de Chile for a total of ThCh$ 3,500,000, at a fixed interest rate, maturing on May 25, 2018.
|  | On May 25, 2018 the loan was renewed, maturing on July 3, 2018.
The subsidiary amortizes interest and capital amortization consists in a single payment at the end of the established term. On July 3, 2018, this loan was paid . 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. It accrues interest at a compound floating rate Libor at 180 days plus a fixed margin, maturing on July 11, 2016.
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$-Euro and interest rate swap agreements (Cross Currency Interest Rate Swap). For details of the Company`s hedge strategies see Note 5 – Risk administration and Note 7 – Financial instruments . On July 11, 2016, this loan was paid .
| b) | On July 7, 2011, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco de Chile for a total of US$ 10,000,000. It accrues interest at a compound floating rate Libor at 180 days plus a fixed margin, maturing on July 7, 2016.
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 – Risk administration and Note 7 – Financial instruments . On July 7, 2016, this loan was paid .
| 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, at a fixed interest rate, maturing on July 3, 2017.
The subsidiary amortizes interest and capital consists in 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 – Risk administration and Note 7 – Financial instruments . On July 3, 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, at a fixed interest rate, maturing on April 24, 2015.
The subsidiary amortizes interest and capital consists in 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 20, 2016, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Banco de Chile for a total of ThCh$ 2,000,000, at a fixed interest rate, maturing on April 20, 2018.
The subsidiary amortizes interest and capital consists in a single payment at the end of the established term. On April 20, 2018, the loan was renewed, maturing on July 19, 2018. On July 19, 2018, the loan was renewed, maturing on July 19, 2021.
| f) | 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, at a fixed interest rate, maturing on August 24, 2018.
The subsidiary amortizes interest and capital consists in a single payment at the end of the established term. On August 24, 2018, the loan was renewed, maturing on August 24, 2020. Scotiabank Chile – Bank Loans
| a) | On September 4, 2014, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Scotiabank Chile for a total of US$ 638,674, at a fixed interest rate, maturing on September 4, 2016.
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.
| b) | On June 17, 2015, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Scotiabank Chile for a total of US$ 7,871,500. It accrues interest at a compound floating rate Libor at 90 days plus a fixed margin, with a term of three years maturing on June 18, 2018.
The subsidiary 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 – Risk aministration and Note 7 – Financial instruments . On June 18, 2018, this loan was paid .
| c) | On June 18, 2018, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Scotiabank Chile for a total of US$ 11,600,000, It accrues interest at a compound floating rate Libor at 90 days plus a fixed margin, with a term of three years maturing on June 18, 2021.
The subsidiary 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 – Risk aministration and Note 7 – Financial instruments .
| d) | On April 24, 2015, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Scotiabank Chile for a total of ThCh$ 1,000,000, at a fixed interest rate, with a term of one year maturity on April 22, 2016.
The subsidiary amortizes interest semi-annually and capital amortization consists in a single payment at the end of the established term. On June 22, 2016, this loan was paid.
| e) | On April 20, 2016, the subsidiary Cervecería Kunstmann S.A. signed a bank loan with Scotiabank Chile for a total of ThCh$ 2,000,000, at a fixed interest rate, with a term of one year maturity on April 20, 2017.
The subsidiary amortizes interest semi-annually and capital amortization consists in 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.
| f) | On July 3, 2018, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Scotiabank Chile for a total of US$ 15,000,000, at a fixed interest rate, with a term of three years maturing on July 3, 2019.
The subsidiary amortizes interest and capital in a single payment at the end of the established term. Scotiabank Azul Chile (Former Banco BBVA Chile) – Bank Loans
| a) | On January 29, 2018, Compañía Cervecerías Unidas S.A. signed a bank loan with Scotiabank Azul Chile for a total of ThCh$ 60,000,000, at a fixed interest rate, maturing on May 29, 2018.
The Company amortizes interest monthly and capital consists in a single payment at the end of the established term. On May 29, 2018, the loan was renewed, maturing on July 27, 2018. On July 27, 2018, the loan was renewed, maturing on August 24, 2018. On August 24, 2018, this loan was paid .
| b) | On July 3, 2018, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Scotiabank Azul Chile for a total of ThCh$ 4,500,000, at a fixed interest rate, maturing on December 3, 2018.
The Company amortizes interest and capital consists in a single payment at the end of the established term. On December 3, 2018, this loan was paid . Banco Consorcio – Bank Loans
| a) | On May 17, 2018, the subsidiary Viña San Pedro Tarapacá S.A. signed a bank loan with Banco Consorcio for a total of ThCh$ 6,000,000, at a fixed interest rate, maturing on July 3, 2018.
The Company amortizes interest monthly and capital consists in a single payment at the end of the established term. On July 3, 2018, this loan was paid . Banco BBVA Francés S.A. – Bank Loan with Compañía Industrial Cervecera S.A. (CICSA)
| a) | 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 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 – Contingencies and commitments ) .
| 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. On April 4, 2018, this loan was paid .
| 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. On May 22, 2018, 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 ORBDA. Adjusted ORBDA means ORBDA 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 ORBDA (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, 2018, the Company was in compliance with the financial covenants and specific requirements of this loan. Banco Mercantil Santa Cruz S.A. – Bank loans
| a) | On June 26, 2017, the subsidiary Bebidas Bolivianas BBO S.A. signed a bank loan with Banco Mercantil Santa Cruz S.A. for a total of 68,877,500 Bolivian, at a fixed interest rate, maturing on May 1, 2027.
The subsidiary amortizes quarterly interest and and capital amortization begins on September 10, 2019 in a quarterly basis.
| b) | On December 18, 2017, the subsidiary Bebidas Bolivianas BBO S.A. signed a bank loan with Banco Mercantil Santa Cruz S.A. for a total of 6,860,000 Bolivian, at a fixed interest rate, maturing on December 13, 2018.
The subsidiary amortizes interest and capital quarterly. On September 14, 2018, the loan was paid.
| c) | On May 14, 2018, the subsidiary Bebidas Bolivianas BBO S.A. signed a bank loan with Banco Mercantil Santa Cruz S.A. for a total of 6,860,000 Bolivian, at a fixed interest rate, maturing on May 9, 2019.
The subsidiary amortizes interest and capital quarterly. On September 27, 2018, the loan was paid.
| d) | On June 22, 2018, the subsidiary Bebidas Bolivianas BBO S.A. signed a bank loan with Banco Mercantil Santa Cruz S.A. for a total of 6,180,400 Bolivian, at a fixed interest rate, maturing on December 13, 2019.
The subsidiary amortizes interest and capital quarterly. On September 20, 2018, the loan was paid.
| 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. 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. On February 28, 2018, the Company carries out an amendment to the contract with Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A., recording a balance debt of UF 608,375, with 3.95% annual interest and maturity on February 5, 2048. Subsidiary Finca La Celia S.A.
|  |  |  |  |  |  |  | Amount |  |  |  |  |  |  |
Type |  | Institution |  | Contract Date |  | Currency type or reset unit |  | Contract (Thousands) |  |  | Purchase option (UF) |  |  | Number of quotas |  |  | Anual Interest (%) |
Automotor |  | Banco Supervielle - Argentina |  | 06-07-2017 |  | ARS |  |  | 9,963 |  |  |  | 398 |  |  |  | 36 |  |  |  | 17.00 |
As of December 31, 2018 future payments and the current value of finance lease obligations are detailed as follows:
Lease Minimum Future Payments |  | As of December 31, 2018 |
|  | Gross Amount |  |  | Interest |  |  | Value |
|  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |
0 to 3 months |  |  | 241,724 |  |  |  | 151,208 |  |  |  | 90,516 |
3 months to 1 year |  |  | 725,183 |  |  |  | 449,727 |  |  |  | 275,456 |
Over 1 year to 3 years |  |  | 1,911,683 |  |  |  | 1,162,200 |  |  |  | 749,483 |
Over 3 years to 5 years |  |  | 1,909,956 |  |  |  | 1,108,584 |  |  |  | 801,372 |
Over 5 years |  |  | 23,078,634 |  |  |  | 7,083,327 |  |  |  | 15,995,307 |
Total |  |  | 27,867,180 |  |  |  | 9,955,046 |  |  |  | 17,912,134 |
| 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 ORBDA and Financial Costs account. Adjusted ORBDA means ORBDA 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.
On October 8, 2018, the Company redeemed all of the Series E Bonds, before their scheduled maturity, in accordance with the provisions of: the Fifth Clause No. 10 and other applicable terms of the Issuance Contract; General Standard No. 30 of the CMF; and the Securities Market Law. The bonds were redeemed, according to the value of the Unidad de Fomento on the day of the early redemption, at the value equivalent to the unpaid balance of the capital, plus interest accrued and not paid in the period comprised between the day following the expiration date of the last installment of interest paid and the date set for the redemption, amounting to a total of UF 659,199.6 (equivalent to ThCh$ 18,043,633). 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 ORBDA and Financial Costs account. Adjusted ORBDA means ORBDA 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 – Risk administration and Note 7 – Finacial instruments . As of December 31, 2018 , the Company was in compliance with the financial covenants required for this public issue. Series J Bonds – CCU S.A. On June 28, 2018, CCU S.A. registered in the Securities Register, under the number 898, the issuance of its Series J Bond, bearer and dematerialized, for a total of UF 3 million with maturity on August 10, 2043. The Series J bonds will accrue on the unpaid capital expressed in Unidades de Fomento, an annual interest of 2.9%, compounded, due, calculated on the basis of equal semesters of 180 days, equivalent to 1.4396% semi-annual. Interest will accrue as of August 10, 2018, will be paid semiannually as of February 10, 2019 and the capital will be paid at the end of the bond term. The issue was subscribed with Banco BICE as the representative of the bond holders and the payer bank and requires the Company to comply with the following financial indicators with respect to its Interim Consolidated Financial Statements and other specific requirements:
| a. | Maintain at the end of each quarter a level of consolidated net financial debt, reflected in each of its quarterly Consolidated Financial Statements, not greater than 1.5 times, defined as the ratio between Net Financial Debt and Total Adjusted Equity. The Net Financial Debt is defined as the difference between / x / the unpaid amount of the "Financial Debt", that is, the sum of the accounts, current and non-current, Bank loans, Obligations with the public and Obligations for financial leases , contained in the Note Other financial liabilities, and / and / the balance of the item Cash and cash equivalents. Total Adjusted Equity, which is defined as the sum of / x / Total Equity and / and / the sum of the accounts Interim Dividends, Dividends provisioned according to policy, as well as all other accounts related to the provision of dividends, contained in the Consolidated Statement of Changes in the Issuer's Equity.
| b. | The Issuer must maintain a consolidated financial expense coverage of not less than three times, defined as the ratio between ORBDA and Financial Expenses. ORBDA is the sum of the accounts Gross margin and Other income per function, minus the accounts Distribution expenses, Administrative expenses and Other expenses per function and plus the Depreciation and Amortization line recorded in the Note Costs and Expenses by Nature. Financial Expenses refers to the account of the same name referred to in the Consolidated Statement of Income by Function. The Consolidated Financial Expenses Coverage Ratio will be calculated for the period of twelve consecutive months prior to the date of the corresponding Consolidated Financial Statements, including the closing month of said Consolidated Financial Statements.
| c. | Maintain an Adjusted Equity at a consolidated level for an amount of at least equal to ThCh$ 312,516,750. For these purposes, Adjusted Equity corresponds to the sum of / i / the Equity account attributable to the owners of the controlling entity in the Consolidated Statement of Financial Position, and / ii / the sum of the accounts Interim Dividends, Dividends provisioned according to policy, as well as all other accounts relating to the provision of dividends, contained in the Consolidated Statement of Changes in Equity.
| d. | Maintain Lien-Free Assets for an amount equal to at least 1.2 times the unpaid amount of the Financial Debt without collateral. For these purposes, the assets and debts will be valued at book value. The following shall be understood: / a / Assets Free of Liens is the difference between / i / the Total Assets account in the Consolidated Statement of Financial Position, and / ii / the assets given as guarantees indicated in the Note on Contingencies and Commitments of the Consolidated Financial Statements; and / b / Financial Debt is defined in the Issuance Contract.
| e. | Maintain, directly or indirectly, the ownership of more than fifty percent of the social rights and of the subscribed and paid shares, respectively, of: / a / Cervecera CCU Chile Limitada and / b / Embotelladoras Chilenas Unidas S.A.
| f. | Not sell, nor allow the sale of, nor assign the ownership of, nor transfer and / or in any way alienate, either through a transaction or a series of transactions, directly or indirectly, assets of the Company’s property and/or its subsidiaries necessary to maintain in Chile, directly and / or through one or more Subsidiaries, a nominal installed capacity for the production, without distinction of Beers and / or Analcoholic Beverages and / or Nectars and / or Mineral and / or Packaged Waters, hereinafter the "Essential Businesses" ", Equal to and not inferior to, either with respect to one or more of the aforementioned categories or all of them together, 15.9 million hectoliters per year.
| g. | To maintain, directly or through a Subsidiary, the ownership of the trademark "CRISTAL", brand or word, for beer, in class 32 of the International Classifier of Products and Services for the registration of trademarks.
| h. | Not to make investments in instruments issued by "related parties" other than the Company’s Subsidiaries, nor to carry out other operations outside its normal line of business, under conditions different from those established in the contract.
As of December 31, 2018, the Company was in compliance with the financial covenants required for this public issue. F) Conciliation of finance obligations of Cash Flows
|  |  |  |  | Flows |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of December 31, 2017 |  |  | Capital |  |  | Interest |  |  | Acquisitions |  |  | Accrual of interest |  |  | Change in foreing currency and unit per adjustment |  |  | Others |  |  | As of December 31, 2018 |
|  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |
Other financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 24,623,746 |  |  |  | (93,311,712 | ) |  |  | (7,329,217 | ) |  |  | 92,806,210 |  |  |  | 7,751,402 |  |  |  | (2,102,985 | ) |  |  | 15,722,734 |  |  |  | 38,160,178 |
Bond payable |  |  | 3,306,135 |  |  |  | (2,737,203 | ) |  |  | (2,911,224 | ) |  |  | - |  |  |  | 3,882,088 |  |  |  | 90,527 |  |  |  | 2,450,852 |  |  |  | 4,081,175 |
Financial leases obligations |  |  | 176,586 |  |  |  | (1,071,050 | ) |  |  | (1,919 | ) |  |  | - |  |  |  | 675,796 |  |  |  | (56,632 | ) |  |  | 643,191 |  |  |  | 365,972 |
Total others financial liabililities current |  |  | 28,106,467 |  |  |  | (97,119,965 | ) |  |  | (10,242,360 | ) |  |  | 92,806,210 |  |  |  | 12,309,286 |  |  |  | (2,069,090 | ) |  |  | 18,816,777 |  |  |  | 42,607,325 |
Non current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings |  |  | 73,886,831 |  |  |  | (207,714 | ) |  |  | - |  |  |  | 8,703,343 |  |  |  | - |  |  |  | 396,858 |  |  |  | (7,578,514 | ) |  |  | 75,200,804 |
Bond payable |  |  | 69,476,612 |  |  |  | (16,408,664 | ) |  |  | - |  |  |  | 82,498,034 |  |  |  | - |  |  |  | 2,914,363 |  |  |  | (3,199,042 | ) |  |  | 135,281,303 |
Financial leases obligations |  |  | 17,638,289 |  |  |  | (6,412 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 557,476 |  |  |  | (643,191 | ) |  |  | 17,546,162 |
Total others financial liabililities non-current |  |  | 161,001,732 |  |  |  | (16,622,790 | ) |  |  | - |  |  |  | 91,201,377 |  |  |  | - |  |  |  | 3,868,697 |  |  |  | (11,420,747 | ) |  |  | 228,028,269 |
Total other financial liabilities |  |  | 189,108,199 |  |  |  | (113,742,755 | ) |  |  | (10,242,360 | ) |  |  | 184,007,587 |  |  |  | 12,309,286 |  |  |  | 1,799,607 |  |  |  | 7,396,030 |  |  |  | 270,635,594 |
|  |  |  |  | Flows |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of December 31, 2016 |  |  | Capital |  |  | Interest |  |  | Acquisitions |  |  | Accrual of interest |  |  | Change in foreing currency and unit per adjustment |  |  | Others |  |  | As of December 31, 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 other financial liabilities |  |  | 160,489,567 |  |  |  | (27,168,446 | ) |  |  | (10,206,075 | ) |  |  | 57,777,169 |  |  |  | 11,561,405 |  |  |  | (3,363,242 | ) |  |  | 17,821 |  |  |  | 189,108,199 |
|  |  |  |  | Flows |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of December 31, 2015 |  |  | Capital |  |  | Interest |  |  | Acquisitions |  |  | Accrual of interest |  |  | Change in foreing currency and unit per adjustment |  |  | Others |  |  | As of December 31, 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 other financial liabilities |  |  | 168,118,198 |  |  |  | (29,441,517 | ) |  |  | (11,727,164 | ) |  |  | 23,149,709 |  |  |  | 13,134,962 |  |  |  | (2,744,621 | ) |  |  | - |  |  |  | 160,489,567 |

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