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Trade and other receivables | 12 Months Ended
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Dec. 31, 2018
Disclosure of trade and other receivables [Abstract] |
Disclosure of trade and other receivables [text block] | Note 10 Trade and other receivables The trade and other receivables are detailed as follows:
|  | As of December 31, 2018 |  |  | As of December 31, 2017 |
|  | Current |  |  | Non current |  |  | Current |  |  | Non current |
|  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |
Chile operating segment |  |  | 162,477,091 |  |  |  | - |  |  |  | 159,465,654 |  |  |  | - |
International business operating segment |  |  | 76,166,145 |  |  |  | - |  |  |  | 62,587,204 |  |  |  | - |
Wines operating segment |  |  | 51,478,501 |  |  |  | - |  |  |  | 40,284,490 |  |  |  | - |
Total commercial debtors |  |  | 290,121,737 |  |  |  | - |  |  |  | 262,337,348 |  |  |  | - |
Impairment loss estimate |  |  | (6,059,201 | ) |  |  | - |  |  |  | (4,154,752 | ) |  |  | - |
Total commercial debtors - net |  |  | 284,062,536 |  |  |  | - |  |  |  | 258,182,596 |  |  |  | - |
Others accounts receivables (1) |  |  | 36,639,803 |  |  |  | 3,363,123 |  |  |  | 28,031,002 |  |  |  | 3,974,395 |
Total other accounts receivable |  |  | 36,639,803 |  |  |  | 3,363,123 |  |  |  | 28,031,002 |  |  |  | 3,974,395 |
Total |  |  | 320,702,339 |  |  |  | 3,363,123 |  |  |  | 286,213,598 |  |  |  | 3,974,395 |
| (1) | As of December 31, 2018, this item mainly includes ThCh$ 1,392,650 in current and ThCh$ 1,240,461 (ThCh$ 2,411,833 in 2017) in non-current related to the account receivable from the sale of the 49% that subsidiary CPCh had in Compañía Pisquera Bauzá S.A. (see Note 14 – Non-current assets of disposal groups classifield as held for sale) .
The Company’s accounts receivable are denominated in the following currencies:
|  | As of December 31, 2018 |  |  | As of December 31, 2017 |
|  | ThCh $ |  |  | ThCh $ |
Chilean Peso |  |  | 191,979,443 |  |  |  | 183,948,334 |
Argentine Peso |  |  | 67,553,470 |  |  |  | 55,526,379 |
US Dollar |  |  | 34,113,849 |  |  |  | 27,810,990 |
Euro |  |  | 10,152,559 |  |  |  | 9,326,882 |
Unidad de Fomento |  |  | 2,678,592 |  |  |  | 2,590,736 |
Uruguayan Pesos |  |  | 5,128,068 |  |  |  | 4,372,909 |
Paraguayan Guarani |  |  | 8,774,244 |  |  |  | 5,495,532 |
Bolivian |  |  | 1,340,388 |  |  |  | - |
Others currencies |  |  | 2,344,849 |  |  |  | 1,116,231 |
Total |  |  | 324,065,462 |  |  |  | 290,187,993 |
The detail of the accounts receivable maturities as of December 31, 2018 , is detailed as follows:
|  |  |  |  |  |  |  | Overdue balances |
|  | Total |  |  | Current balance |  |  | 0 a 3 months |  |  | 3 a 6 months |  |  | 6 a 12 months |  |  | More than 12 months |
|  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |
Chile operating segment |  |  | 162,477,091 |  |  |  | 152,644,412 |  |  |  | 5,928,791 |  |  |  | 1,085,806 |  |  |  | 844,101 |  |  |  | 1,973,981 |
International business operating segment |  |  | 76,166,145 |  |  |  | 63,419,349 |  |  |  | 9,546,370 |  |  |  | 1,092,229 |  |  |  | 701,571 |  |  |  | 1,406,626 |
Wines operating segment |  |  | 51,478,501 |  |  |  | 44,304,213 |  |  |  | 6,248,007 |  |  |  | 272,721 |  |  |  | 305,811 |  |  |  | 347,749 |
Total commercial debtors |  |  | 290,121,737 |  |  |  | 260,367,974 |  |  |  | 21,723,168 |  |  |  | 2,450,756 |  |  |  | 1,851,483 |  |  |  | 3,728,356 |
Impairment loss estimate |  |  | (6,059,201 | ) |  |  | (148,214 | ) |  |  | (542,195 | ) |  |  | (600,433 | ) |  |  | (1,407,848 | ) |  |  | (3,360,511 | )
Total commercial debtors - net |  |  | 284,062,536 |  |  |  | 260,219,760 |  |  |  | 21,180,973 |  |  |  | 1,850,323 |  |  |  | 443,635 |  |  |  | 367,845 |
Others accounts receivables |  |  | 36,639,803 |  |  |  | 36,056,454 |  |  |  | 321,767 |  |  |  | 162,295 |  |  |  | 99,233 |  |  |  | 54 |
Total other accounts receivable |  |  | 36,639,803 |  |  |  | 36,056,454 |  |  |  | 321,767 |  |  |  | 162,295 |  |  |  | 99,233 |  |  |  | 54 |
Total current |  |  | 320,702,339 |  |  |  | 296,276,214 |  |  |  | 21,502,740 |  |  |  | 2,012,618 |  |  |  | 542,868 |  |  |  | 367,899 |
Others accounts receivables |  |  | 3,363,123 |  |  |  | 3,363,123 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total non-current |  |  | 3,363,123 |  |  |  | 3,363,123 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
The detail of the accounts receivable maturities as of December 31, 2017 , is detailed as follows:
|  |  |  |  |  |  |  | Overdue balances |
|  | Total |  |  | Current balance |  |  | 0 a 3 months |  |  | 3 a 6 months |  |  | 6 a 12 months |  |  | More than 12 months |
|  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |  |  | ThCh $ |
Chile operating segment |  |  | 159,465,654 |  |  |  | 150,256,296 |  |  |  | 4,960,461 |  |  |  | 1,037,876 |  |  |  | 1,358,009 |  |  |  | 1,853,012 |
International business operating segment |  |  | 62,587,204 |  |  |  | 56,180,536 |  |  |  | 4,978,409 |  |  |  | 595,173 |  |  |  | 318,551 |  |  |  | 514,535 |
Wines operating segment |  |  | 40,284,490 |  |  |  | 36,270,918 |  |  |  | 3,347,465 |  |  |  | 219,135 |  |  |  | 224,487 |  |  |  | 222,485 |
Total commercial debtors |  |  | 262,337,348 |  |  |  | 242,707,750 |  |  |  | 13,286,335 |  |  |  | 1,852,184 |  |  |  | 1,901,047 |  |  |  | 2,590,032 |
Impairment loss estimate |  |  | (4,154,752 | ) |  |  | - |  |  |  | (421,560 | ) |  |  | (695,114 | ) |  |  | (1,001,699 | ) |  |  | (2,036,379 | )
Total commercial debtors - net |  |  | 258,182,596 |  |  |  | 242,707,750 |  |  |  | 12,864,775 |  |  |  | 1,157,070 |  |  |  | 899,348 |  |  |  | 553,653 |
Others accounts receivables |  |  | 28,031,002 |  |  |  | 27,768,858 |  |  |  | 97,052 |  |  |  | 165,092 |  |  |  | - |  |  |  | - |
Total other accounts receivable |  |  | 28,031,002 |  |  |  | 27,768,858 |  |  |  | 97,052 |  |  |  | 165,092 |  |  |  | - |  |  |  | - |
Total current |  |  | 286,213,598 |  |  |  | 270,476,608 |  |  |  | 12,961,827 |  |  |  | 1,322,162 |  |  |  | 899,348 |  |  |  | 553,653 |
Others accounts receivables |  |  | 3,974,395 |  |  |  | 3,974,395 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total non-current |  |  | 3,974,395 |  |  |  | 3,974,395 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
The Company markets its products through wholesale customers, retail and supermarket chains. As of December 31, 2018 , the accounts receivable from the three most important supermarket chains in Chile and Argentina represent 27.3% (28.1% in 2017 ) of the total accounts receivable. As indicated in the Risk management note (See Note 5 – Risk administration ), for Credit Risk purposes, the Company acquires credit insurance policies to cover approximately 90% and 99% of the significant accounts receivable balances domestic and export, respectively, of the total of the account receivables. Regarding amounts aged more than 6 months and for which no allowances have been constituted, they correspond mainly to amounts already covered by the credit insurance policies. In addition, there are amounts overdue within ranges for which, in accordance with current policies are only partially impaired for, based on a case by case analysis. The general criteria for the determination of the provision for impairment has been established in the framework of IFRS 9, which requires analysing the behavior of the client portfolio in the long term in order to generate an expected credit loss index by tranches based on the age of the portfolio. This analysis delivered the following results for the Company:
|  |  |  |  | Overdue balances |
|  | Current balance |  |  | 0 a 3 months |  |  | 3 a 6 months |  |  | 6 a 12 months |  |  | More than 12 months |
% Impairment loss estimate by stretch |  |  | 0.10 |  |  |  | 4.30 |  |  |  | 32.60 |  |  |  | 100.00 |  |  |  | 100.00 |
The percentage of impairment determined for the portfolio in each court may differ from the direct application of the previously presented parameters because these percentages are applied to the uncovered portfolio of credit insurance that the Company takes. Past due balances over 6 months and for which no estimates have been made for impairment losses, correspond mainly to items protected by credit insurance. Additionally, there are expired amounts in this stretch, which according to the policy, partial losses due to impairment are estimated based on an individual case-by-case analysis. For the above mentioned, management estimates that it does not require establishing allowances for further impairment, in addition to those already constituted based on an aging analysis of these balances. The write-offs of our doubtful clients are once all pre-trial and judicial, efforts have been made and exhausted all means of payment, with the proper demonstration of the insolvency of customers. This process of write off normally takes more than 1 year. The movement of the impairment losses provision for accounts receivable is as follows:
|  | As of December 31, 2018 |  |  | As of December 31, 2017 |
|  | ThCh $ |  |  | ThCh $ |
Balance at the beginning of year |  |  | (4,154,752 | ) |  |  | (3,837,914 | )
First application effect IFRS 9 |  |  | (192,377 | ) |  |  | - |
Initial balance restated |  |  | (4,347,129 | ) |  |  | (3,837,914 | )
Impairment estimate for accounts receivable |  |  | (1,697,861 | ) |  |  | (1,948,264 | )
Uncollectible accounts |  |  | 527,545 |  |  |  | 634,256 |
Add back of unused provisions |  |  | 448,056 |  |  |  | 832,704 |
Estimates resulting from business combinations (1) |  |  | (1,354,559 | ) |  |  | - |
Effect of translation into presentation currency |  |  | 364,747 |  |  |  | 164,466 |
Total |  |  | (6,059,201 | ) |  |  | (4,154,752 | )
| (1) | See Note 15 – Business Combinations .

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