Accounts and transactions with related parties

12 Months Ended

Dec. 31, 2018

Disclosure of Transactions and outstanding balances for related party [Abstract]

Disclosure Of Transactions And Outstanding Balances For Related Party Explanatory [Text Block]

Note 11 Accounts and transactions with related parties

Transactions between the Company and its subsidiaries occur in the normal course of operations and have been eliminated during the consolidation process.

The amounts indicated as transactions in the following table relate to trade operations with related parties, which are under similar terms than what a third party would get respect to price and payment conditions. There are no uncollectible estimates decreasing accounts receivable or guarantees provided to related parties.

Conditions of the balances and transaccions with related parties:

(1)

Business operations agreed upon Chilean peso with a payment condition usually up to 30 days.

(2)

Business operations agreed upon in foreign currencies and with a payment condition up to 30 days. Balances are presented at the closing exchange rate.

(3)

An agreement between the subsidiary Compañía Pisquera de Chile S.A. with Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. due to differences resulting from the contributions made by the latter. It establishes a 3% annual interest over capital, with annual payments to be made in eight instalments of UF 1,124 each. Beginning February 28, 2007 and UF 9,995 bullet payment at the last contribution date. In accordance with the contract,

Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.

renewed the contract for a period of nine years with maturing in the year 2023. Consequently, the UF 9,995 will be paid in nine equal and successive instalments of UF 1,200 each and a final payment of UF 2,050, beginning on February 28, 2015.

(4)

An agreement of grape supply between the subsidiary Compañía Pisquera de Chile S.A. and Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda. These contracts stipulate a 3% annual interest on the capital, with a term of eight years, and annual payments to expire on the following dates: May 31, 2018, May 31, 2019 and May 31, 2020.

(5)

Business operations agreed upon in Chilean Pesos that will accrue a TAB interest rate to 30 days plus a spread of 0.78% annual.

The transaction table includes the main transactions made with related parties.

The detail of the accounts receivable and payable from related parties as of December 31, 2018 and 2017, are detailed as follows:

Accounts receivable from related

parties

Current:

Tax ID	Company	Country of origin	Ref.	Relationship	Transaction	Currency	As of December 31, 2018		As of December 31, 2017
							ThCh $		ThCh $
6,062,786-K	Andrónico Luksic Craig	Chile	(1)	Chairman of CCU	Sales of products	CLP		-		1,207
6,372,368-1	Jean Paul Luksic	Chile	(1)	Director of company related to the controller	Sales of products	CLP		-		464
14,534,777-7	Hubert Porte	Chile	(1)	Director of company related to the controller	Sales of products	CLP		-		2,095
76,029,109-9	Inversiones Chile Chico Ltda.	Chile	(1)	Related to the controller's shareholder	Services provided	CLP		2,959		2,253
76,035,409-0	Cervecera Guayacán SpA.	Chile	(1)	Associate of subsidiary (until July 2018)	Sales of products	CLP		-		80,298
76,079,669-7	Minera Antucoya	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		161		355
76,111,872-2	Inversiones Tv Medios Ltda.	Chile	(1)	Related to the controller	Sales of products	CLP		33		-
76,115,132-0	Canal 13 SpA.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		51		-
76,178,803-5	Viña Tabalí S.A.	Chile	(1)	Related to the controller's shareholder	Services provided	CLP		51,667		40,965
76,178,803-5	Viña Tabalí S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		153		-
76,363,269-5	Inversiones Alabama Ltda.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		738		-
76,380,217-5	Hapag-Lloyd Chile SpA.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		141		-
76,481,675-7	Cervecería Szot SpA.	Chile	(1)	Associate of subsidiary	Services provided	CLP		2,869		-
76,481,675-7	Cervecería Szot SpA.	Chile	(1)	Associate of subsidiary	Sales of products	CLP		23,090		15,009
76,481,675-7	Cervecería Szot SpA.	Chile	(1)	Associate of subsidiary	Remittanse send	CLP		495		-
76,481,675-7	Cervecería Szot SpA.	Chile	(5)	Associate of subsidiary	Loan	CLP		50,000		-
76,486,051-9	Inversiones Río Elqui SpA.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		24,029		-
76,727,040-2	Minera Centinela	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		608		781
76,806,870-4	Transacciones e Inv. Arizona S.A.	Chile	(1)	Related to the controller	Sales of products	CLP		11		-
77,051,330-8	Cervecería Kunstmann Ltda.	Chile	(1)	Related to non-controlling subsidiary	Sales of products	CLP		101,664		245,385
77,755,610-K	Comercial Patagona Ltda.	Chile	(1)	Subsidiary of joint venture	Sales of products	CLP		1,222,832		667,195
78,105,460-7	Alimentos Nutrabien S.A.	Chile	(1)	Subsidiary of joint venture (until november 2018)	Sales of products	CLP		-		151
78,259,420-6	Inversiones PFI Chile Ltda.	Chile	(1)	Shareholder of joint operation	Services provided	CLP		751,805		2,997,036
78,259,420-6	Inversiones PFI Chile Ltda.	Chile	(1)	Shareholder of joint operation	Sales of products	CLP		-		402,666
81,148,200-5	Ferrocarril de Antofagasta a Bolivia S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		5,070		3,457
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	(1)	Shareholder of subsidiary	Advance purchase	CLP		14,393		14,393
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	(4)	Shareholder of subsidiary	Supply contract	UF		47,082		77,929
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	(3)	Shareholder of subsidiary	Loan	UF		32,149		31,191
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	(1)	Shareholder of subsidiary	Sales of products	CLP		1,478		-
90,081,000-8	Compañía Chilena de Fósforos S.A.	Chile	(1)	Shareholder of subsidiary (until January 2018)	Sales of products	CLP		-		2,893
90,160,000-7	Compañía Sud Americana de Vapores S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		1,264		165
91,021,000-9	Invexans S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		33		3,713
91,705,000-7	Quiñenco S.A.	Chile	(1)	Controller's Shareholder	Sales of products	CLP		3,929		2,759
92,011,000-2	Empresa Nacional de Energía Enex S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		4,384		4,341
92,048,000-4	SAAM S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		149		83
93,920,000-2	Antofagasta Minerals S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		3,167		2,640
94,625,000-7	Inversiones Enex S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		195,720		234,880
96,427,000-7	Inversiones y Rentas S.A.	Chile	(1)	Controller	Services provided	CLP		3,465		3,465
96,536,010-7	Inversiones Consolidadas Ltda.	Chile	(1)	Related to the controller	Sales of products	CLP		853		121
96,571,220-8	Banchile Corredores de Bolsa S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		3,545		514
96,591,040-9	Empresas Carozzi S.A.	Chile	(1)	Shareholder of joint operation	Sales of products	CLP		-		76,635
96,645,790-2	Socofin S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		-		2,395
96,767,630-6	Banchile Administradora General de Fondos S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		315		67
96,790,240-3	Minera Los Pelambres	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		300		659
96,819,020-2	Agrícola El Cerrito S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		11		-
96,847,140-6	Inmobiliaria Norte Verde S.A.	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		33		-
96,919,980-7	Cervecería Austral S.A.	Chile	(1)	Joint venture	Services provided	CLP		139,647		74,387
96,919,980-7	Cervecería Austral S.A.	Chile	(1)	Joint venture	Remittanse send	CLP		2,923		-
96,922,250-7	Agrícola Valle Nuevo S.A.	Chile	(1)	Related to the controller	Sales of products	CLP		33		-
97,004,000-5	Banco de Chile	Chile	(1)	Related to the controller's shareholder	Sales of products	CLP		44,604		62,816
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	(1)	Joint venture	Remittanse send	CLP		20,035		4,334
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	(1)	Joint venture	Services provided	CLP		269,946		685,412
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	(1)	Joint venture	Sales of products	CLP		11,071		16,654
96,951,040-5	Inversiones Rosario S.A.	Chile	(1)	Related to the controller	Sales of products	CLP		22		-
0-E	Bebidas Bolivianas BBO S.A.	Bolivia	(2)	Associate (until July 2018)	Sales of products	USD		-		30,791
0-E	Central Cervecera de Colombia S.A.S.	Colombia	(2)	Joint venture	Sales of products	USD		9,480		9,248
0-E	Gráfica Editorial Intersudamericana S.A.	Paraguay	(2)	Related to the subsidiary's shareholder	Sales of products	PYG		-		220
0-E	Palermo S.A.	Paraguay	(2)	Related to the subsidiary's shareholder	Sales of products	PYG		-		8,247
0-E	Paraguay Soccer S.A.	Paraguay	(2)	Related to the subsidiary's shareholder	Sales of products	PYG		-		85
0-E	QSR S.A.	Paraguay	(2)	Related to the subsidiary's shareholder	Sales of products	PYG		434		410
Total								3,048,841		5,810,764

Non Current:

Tax ID

Company

Country of

origin

Ref.

Relationship

Transaction

Currency

As of December

31, 2018

As of December

31, 2017

ThCh

81,805,700-8

Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.

Chile

(3)

Shareholder of subsidiary

Loan

143,783

166,928

81,805,700-8

Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.

Chile

(4)

Shareholder of subsidiary

Supply contract

47,082

91,543

Total

190,865

258,471

Accounts payable to related

parties

Current:

Tax ID

Company

Country of

origin

Ref.

Relationship

Transaction

Currency

As of December

31, 2018

As of December

31, 2017

ThCh

76,115,132-0

Canal 13 SpA.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

277,515

196,805

76,380,217-5

Hapag-Lloyd Chile SpA.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

32,646

54,194

76,481,675-7

Cervecería Szot SpA.

Chile

(1)

Associate of subsidiary

Purchase of products

CLP

2,199

17,288

77,051,330-8

Cervecería Kunstmann Ltda.

Chile

(1)

Related to non-controlling subsidiary

Services received

CLP

8,704

13,733

77,755,610-K

Comercial Patagona Ltda.

Chile

(1)

Subsidiary of joint venture

Services received

CLP

92,129

106,671

78,053,790-6

Servipag Ltda.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

4,218

78,105,460-7

Alimentos Nutrabien S.A.

Chile

(1)

Subsidiary of joint venture (until november 2018)

Purchase of products

CLP

543

78,259,420-6

Inversiones PFI Chile Ltda.

Chile

(1)

Shareholder of joint operation

Purchase of products

CLP

1,160,168

958,293

81,805,700-8

Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.

Chile

(1)

Shareholder of subsidiary

Purchase of products

CLP

417

37,433

92,011,000-2

Empresa Nacional de Energía Enex S.A.

Chile

(1)

Related to the controller's shareholder

Purchase of products

CLP

44,239

139,373

92,048,000-4

SAAM S.A.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

123

94,058,000-5

Servicios Aeroportuarios Aerosan S.A.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

1,711

2,025

96,591,040-9

Empresas Carozzi S.A.

Chile

(1)

Shareholder of joint operation

Purchase of products

CLP

736,974

1,595,771

94,625,000-7

Inversiones Enex S.A.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

96,689,310-9

Transbank S.A.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

5,868

3,462

96,798,520-1

Saam Extraportuarios S.A.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

17,201

1,971

96,810,030-0

Radiodifusión SpA.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

41,170

55,244

96,908,970-K

San Antonio Terminal Internacional S.A.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

15,724

7,541

96,919,980-7

Cervecería Austral S.A.

Chile

(1)

Joint venture

Remittanse received

CLP

7,869

96,919,980-7

Cervecería Austral S.A.

Chile

(1)

Joint venture

Purchase of products

CLP

1,204,662

1,152,343

96,919,980-7

Cervecería Austral S.A.

Chile

(1)

Joint venture

Royalty

CLP

109,091

96,953,410-K

Artikos Chile S.A.

Chile

(1)

Related to the controller's shareholder

Services received

CLP

137

97,004,000-5

Banco de Chile

Chile

(1)

Related to the controller's shareholder

Services received

CLP

1,244

22,730

99,542,980-2

Foods Compañía de Alimentos CCU S.A.

Chile

(1)

Joint venture

Remittanse received

CLP

46,708

99,542,980-2

Foods Compañía de Alimentos CCU S.A.

Chile

(1)

Joint venture

Purchase of products

CLP

19,920

17,406

99,542,980-2

Foods Compañía de Alimentos CCU S.A.

Chile

(1)

Joint venture

Consignation sales

CLP

211,985

233,565

0-E

Bebidas Bolivianas BBO S.A.

Bolivia

(2)

Associate (until July 2018)

Services received

USD

44,451

0-E

Ecor Ltda.

Bolivia

(2)

Related to the subsidiary's shareholder

Services received

BOB

11,879

0-E

Central Cervecera de Colombia S.A.S.

Colombia

(2)

Joint venture

Services received

USD

24,449

14,199

0-E

Nestlé Waters Marketing & Distribution

France

(2)

Related to the subsidiary's shareholder

Purchase of products

Euros

12,256

0-E

Amstel Brouwerijen B.V.

Netherlands

(2)

Related to the controller's shareholder

License and technical assistance

Euros

120,726

66,583

0-E

Heineken Brouwerijen B.V.

Netherlands

(2)

Related to the controller's shareholder

Purchase of products

USD

1,044,963

1,241,991

0-E

Heineken Brouwerijen B.V.

Netherlands

(2)

Related to the controller's shareholder

License and technical assistance

Euros

1,486,100

1,349,472

0-E

Heineken Brouwerijen B.V.

Netherlands

(2)

Related to the controller's shareholder

Royalty

USD

12,879

2,586,380

0-E

Heineken Brouwerijen B.V.

Netherlands

(2)

Related to the controller's shareholder

Services received

USD

1,025

0-E

Banco Amambay S.A.

Paraguay

(2)

Related to the subsidiary's shareholder

Services received

PYG

148

0-E

Banco BASA S.A.

Paraguay

(2)

Related to the subsidiary's shareholder

Services received

PYG

0-E

Emprendimientos Hoteleros S.A.E.C.A

Paraguay

(2)

Related to the subsidiary's shareholder

Services received

PYG

11,249

8,481

0-E

Gráfica y Editorial Intersuda S.A.

Paraguay

(2)

Related to the subsidiary's shareholder

Purchase of products

PYG

448

0-E

Watt's Alimentos S.A.

Paraguay

(2)

Related joint venture shareholder

Purchase of products

USD

106,531

92,566

0-E

Societé des Produits Nestlé S.A.

Switzerland

(2)

Related to the subsidiary's shareholder

Royalty

CHF

62,397

46,572

Total

6,936,910

10,069,043

Most significant transactions and effects on results:

As of December 31, 2018 and 2017 the most significant transactions with related parties that are not subsidiaries of the Company and their effect on the Consolidated Statement of Income are detailed as follows:

					2018					2017
Tax ID	Company	Country of origin	Relationship	Transaction	Amounts		(Charges)/Credits (Effect on Income)			Amounts		(Charges)/Credits (Effect on Income)
					ThCh $		ThCh $			ThCh $		ThCh $
76,079,669-7	Minera Antucoya	Chile	Related to the controller's shareholder	Sales of products		2,045		1,636			1,501		1,200
76,178,803-5	Viña Tabali S.A.	Chile	Related to the controller's shareholder	Services provided		90,214		90,214			85,931		85,931
76,115,132-0	Canal 13 SpA.	Chile	Related to the controller's shareholder	Advertising		2,641,844		(2,641,844	)		2,064,067		(2,064,067	)
76,313,970-0	Inversiones Irsa Ltda.	Chile	Related to the controller	Dividends paid		4,522,295		-			4,457,428		-
76,481,675-7	Cervecería Szot SpA.	Chile	Associate of subsidiary	Capital contribution		-		-			52,771		-
76,553,712-6	Heliservicios S.A.	Chile	Related to the controller	Services received		-		-			17,760		(17,760	)
76,727,040-2	Minera Centinela	Chile	Related to the controller's shareholder	Sales of products		7,246		5,797			5,085		4,068
77,051,330-8	Cervecería Kunstmann Ltda	Chile	Related to non-controlling subsidiary	Services received		113,507		(113,507	)		152,578		(152,578	)
77,051,330-8	Cervecería Kunstmann Ltda.	Chile	Related to non-controlling subsidiary	Sales of products		773,056		589,466			640,590		484,283
77,755,610-K	Comercial Patagona Ltda.	Chile	Subsidiary of joint venture	Sales of products		5,777,863		3,466,718			4,807,422		2,884,453
77,755,610-K	Comercial Patagona Ltda.	Chile	Subsidiary of joint venture	Services received		405,845		(405,845	)		355,279		(355,279	)
78,259,420-6	Inversiones PFI Chile Ltda.	Chile	Shareholder of subsidiary	Purchase of products		12,726,958		-			11,062,488		-
78,259,420-6	Inversiones PFI Chile Ltda.	Chile	Shareholder of subsidiary	Services provided		2,756,584		2,756,584			3,154,653		3,154,653
79,985,340-K	Cervecera Valdivia S.A.	Chile	Shareholder of subsidiary	Dividends paid		990,073		-			818,433		-
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Loan		26,483		5,826			25,204		6,467
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Purchase of grape		5,358,014		-			4,855,607		-
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Dividends paid		768,325		-			637,313		-
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Sales of products		3,731		2,985			4,727		3,782
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Supply contract		73,994		4,750			70,839		6,604
90,703,000-8	Nestlé Chile S.A.	Chile	Shareholder of subsidiary	Dividends paid		3,922,143		-			4,158,228		-
91,705,000-7	Quiñenco S.A.	Chile	Controller's Shareholder	Sales of products		20,362		16,290			15,941		12,753
92,011,000-2	Empresa Nacional de Energía Enex S.A.	Chile	Related to the controller's shareholder	Services received		277,482		(277,482	)		298,865		(298,865	)
92,011,000-2	Empresa Nacional de Energía Enex S.A.	Chile	Related to the controller's shareholder	Purchase of products		227,106		(227,106	)		260,177		(260,177	)
93,920,000-2	Antofagasta Minerals S.A.	Chile	Related to the controller's shareholder	Sales of products		34,966		27,973			33,441		26,753
94,625,000-7	Inversiones Enex S.A.	Chile	Related to the controller's shareholder	Sales of products		1,474,819		1,179,855			1,445,395		1,156,316
96,427,000-7	Inversiones y Rentas S.A.	Chile	Controller	Office lease		9,106		9,106			9,622		9,622
96,427,000-7	Inversiones y Rentas S.A.	Chile	Controller	Dividends paid		35,137,554		-			34,633,542		-
96,571,220-8	Banchile Corredores de Bolsa S.A.	Chile	Related to the controller's shareholder	Investments		1,231,060,000		-			645,420,000		-
96,571,220-8	Banchile Corredora de Bolsa S.A.	Chile	Related to the controller's shareholder	Investment Rescue		1,220,115,263		1,225,263			654,640,312		720,312
96,591,040-9	Empresas Carozzi S.A	Chile	Related joint venture	Sales of products		35,820		28,656			91,198		72,958
96,657,690-7	Inversiones Punta Brava S.A.	Chile	Related to the controller's shareholder	Sales of products		1,095		876			1,150		920
96,657,690-7	Inversiones Punta Brava S.A.	Chile	Related to the controller's shareholder	Services received		87,394		(87,394	)		83,946		(83,946	)
96,689,310-9	Transbank S.A.	Chile	Related to the controller's shareholder	Commission		167,149		(167,149	)		131,269		(131,269	)
96,798,520-1	SAAM Extraportuario S.A	Chile	Related to the controller's shareholder	Services received		83,711		(83,711	)		55,148		(55,148	)
96,810,030-0	Radiodifusión SpA.	Chile	Related to the controller's shareholder	Services provided		470,325		(470,325	)		391,598		(391,598	)
96,919,980-7	Cervecería Austral S.A.	Chille	Joint venture	Dividends received		372,088		-			245,068		-
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Sales of products		-		-			413,117		183,835
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Purchase of products		10,055,050		-			8,481,780		-
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Services provided		279,607		279,607			253,473		253,473
96,919,980-7	Cerveceria Austral S.A.	Chile	Joint venture	Royalty		329,276		(329,276	)		333,356		(333,356	)
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Interests		165,325		(165,325	)		369,097		(369,097	)
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Transportation of securities		368,839		(368,839	)		359,579		(359,579	)
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Derivatives		42,723,097		6,622,290			63,548,208		5,500,174
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Sales of products		247,781		198,225			219,821		175,857
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Investments		323,366,723		-			2,146,826		-
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Investment Rescue		321,199,617		334,173			2,155,817		3,596
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Remittanse send		-		-			717,900		-
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Services provided		444,677		444,677			731,310		731,310
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Purchase of products		11,590		(11,590	)		15,329		(15,329	)
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Consignation sales		3,029,169		-			2,804,870		-
0-E	Bebidas Bolivianas BBO S.A.	Bolivia	Associate (until july 2018)	Sales of products		194,516		73,916			425,664		161,752
0-E	Central Cervecera de Colombia S.A.S.	Colombia	Joint venture	Capital contribution		-		-			28,232,532		-
0-E	Zona Franca Central Cervecera S.A.S.	Colombia	Joint venture	Capital contribution		59,505,559		-			21,080,358		-
0-E	Americas Distilling Investments	United States	Associate of subsidiary	Capital contribution		-		-			1,043,720		-
0-E	Amstel Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	License and technical assistance		247,395		(247,395	)		211,740		(211,740	)
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	Purchase of products		432,639		-			306,553		-
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	License and technical assistance		9,609,913		(9,609,913	)		11,051,487		(11,051,487	)
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	Services received		73,733		(73,733	)		166,677		(166,677	)
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	Sales of products		-		-			846,179		634,634
0-E	Societé des Produits Nestlé S.A.	Switzerland	Related to the subsidiary's shareholder	Royalty		543,331		(543,331	)		520,363		(520,363	)

As of December 31, 2017 and 2016 the most significant transactions with related parties that are not subsidiaries of the Company and their effect on the Consolidated Statement of Income are detailed as follows:

					2017					2016
Tax ID	Company	Country of origin	Relationship	Transaction	Amounts		(Charges)/Credits (Effect on Income)			Amounts		(Charges)/Credits (Effect on Income)
					ThCh $		ThCh $			ThCh $		ThCh $
76,079,669-7	Minera Antucoya	Chile	Related to the controller's shareholder	Sales of products		1,501		1,200			-		-
76,115,132-0	Canal 13 SpA.	Chile	Related to the controller's shareholder	Advertising		2,064,067		(2,064,067	)		3,427,941		(3,427,941	)
76,178,803-5	Viña Tabalí S.A.	Chile	Related to the controller's shareholder	Services provided		85,931		85,931			52,470		52,470
76,313,970-0	Inversiones Irsa Ltda.	Chile	Related to the controller	Dividends paid		4,457,428		-			4,132,618		-
76,481,675-7	Cervecería Szot SpA.	Chile	Associate of subsidiary	Capital contribution		52,771		-			-		-
76,553,712-6	Heliservicios S.A.	Chile	Related to the controller	Services received		17,760		(17,760	)		-		-
76,727,040-2	Minera Centinela	Chile	Related to the controller's shareholder	Sales of products		5,085		4,068			-		-
77,051,330-8	Cervecería Kunstmann Ltda.	Chile	Related to non-controlling subsidiary	Services received		152,578		(152,578	)		83,220		(83,220	)
77,051,330-8	Cervecería Kunstmann Ltda.	Chile	Related to non-controlling subsidiary	Sales of products		640,590		484,283			522,566		418,052
77,755,610-K	Comercial Patagona Ltda.	Chile	Subsidiary of joint venture	Sales of products		4,807,422		2,884,453			4,259,983		1,746,594
77,755,610-K	Comercial Patagona Ltda.	Chile	Subsidiary of joint venture	Services received		355,279		(355,279	)		329,258		(329,258	)
78,259,420-6	Inversiones PFI Chile Ltda.	Chile	Shareholder of subsidiary	Services provided		3,154,653		3,154,653			3,234,158		3,234,158
78,259,420-6	Inversiones PFI Chile Ltda.	Chile	Shareholder of subsidiary	Purchase of products		11,062,488		-			10,083,606		-
78,780,780-1	Operaciones y Servicios Enex Ltda.	Chile	Related to the controller's shareholder	Sales of products		-		-			224,387		183,997
79,985,340-K	Cervecera Valdivia S.A.	Chile	Shareholder of subsidiary	Dividends paid		818,433		-			633,668		-
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Dividends paid		637,313		-			599,123		-
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Loan		25,204		6,467			23,844		7,017
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Purchase of grape		4,855,607		-			4,255,971		-
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Supply contract		70,839		6,604			67,267		8,321
81,805,700-8	Cooperativa Agrícola Control Pisquero de Elqui y Limarí Ltda.	Chile	Shareholder of subsidiary	Sales of products		4,727		3,782			-		-
90,081,000-8	Compañía Chilena de Fósforos S.A.	Chile	Shareholder of subsidiary	Dividends paid		979,637		-			1,273,753		-
90,703,000-8	Nestlé Chile S.A.	Chile	Shareholder of subsidiary	Dividends paid		4,158,228		-			3,530,565		-
91,705,000-7	Quiñenco S.A.	Chile	Controller's Shareholder	Sales of products		15,941		12,753			13,984		11,186
92,011,000-2	Empresa Nacional de Energía Enex S.A.	Chile	Related to the controller's shareholder	Services received		298,865		(298,865	)		339,457		(339,457	)
92,011,000-2	Empresa Nacional de Energía Enex S.A.	Chile	Related to the controller's shareholder	Purchase of products		260,177		(260,177	)		100,146		(100,146	)
93,920,000-2	Antofagasta Minerals S.A.	Chile	Related to the controller's shareholder	Sales of products		33,441		26,753			35,532		28,069
94,625,000-7	Inversiones Enex S.A.	Chile	Related to the controller's shareholder	Sales of products		1,445,395		1,156,316			1,161,918		906,296
96,427,000-7	Inversiones y Rentas S.A.	Chile	Controller	Office lease		9,622		9,622			11,463		11,463
96,427,000-7	Inversiones y Rentas S.A.	Chile	Controller	Dividends paid		34,633,542		-			32,109,822		-
96,571,220-8	Banchile Corredores de Bolsa S.A.	Chile	Related to the controller's shareholder	Investments		645,420,000		-			61,400,000		-
96,571,220-8	Banchile Corredores de Bolsa S.A.	Chile	Related to the controller's shareholder	Investment Rescue		654,640,312		720,312			170,500,000		402,369
96,591,040-9	Empresas Carozzi S.A.	Chile	Shareholder of joint operation	Sales of products		91,198		72,958			311,666		249,322
96,657,690-7	Inversiones Punta Brava S.A.	Chile	Related to the controller's shareholder	Sales of products		1,150		920			-		-
96,657,690-7	Inversiones Punta Brava S.A.	Chile	Related to the controller's shareholder	Services received		83,946		(83,946	)		-		-
96,689,310-9	Transbank S.A.	Chile	Related to the controller's shareholder	Commission		131,269		(131,269	)		104,193		(104,193	)
96,798,520-1	SAAM Extraportuario S.A.	Chile	Related to the controller's shareholder	Services received		55,148		(55,148	)		77,521		(77,521	)
96,810,030-0	Radiodifusión SpA.	Chile	Related to the controller's shareholder	Services provided		391,598		(391,598	)		380,129		(380,129	)
96,919,980-7	Cervecería Austral S.A.	Chille	Joint venture	Dividends received		245,068		-			-		-
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Royalty		-		-			429,517		(429,517	)
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Purchase of products		8,481,780		-			5,438,419		-
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Sales of products		413,117		183,835			62,444		27,788
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Services provided		253,473		253,473			234,327		234,327
96,919,980-7	Cervecería Austral S.A.	Chile	Joint venture	Royalty		333,356		(333,356	)		-		-
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Derivatives		63,548,208		5,500,174			35,318,178		2,006,627
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Interests		369,097		(369,097	)		529,138		(529,138	)
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Investments		2,146,826		-			61,400,000		-
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Financial income		-		-			247,101		247,101
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Leasing paid		-		-			87,457		2,266
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Transportation of securities		359,579		(359,579	)		282,267		(282,267	)
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Sales of products		219,821		175,857			87,772		48,800
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Leasing paid		-		-			87,457		2,266
97,004,000-5	Banco de Chile	Chile	Related to the controller's shareholder	Investment Rescue		2,155,817		3,596			247,101		247,101
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Remittanse send		717,900		-			750,000		-
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Services provided		731,310		731,310			1,553,943		1,553,943
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Purchase of products		15,329		(15,329	)		17,773		(17,773	)
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Consignation sales		2,804,870		-			5,115,078		-
99,542,980-2	Foods Compañía de Alimentos CCU S.A.	Chile	Joint venture	Sales of products		-		-			5,973		2,745
0-E	Bebidas Bolivianas BBO S.A.	Bolivia	Associate	Contribution of capital		-		-			2,174,370		-
0-E	Bebidas Bolivianas BBO S.A.	Bolivia	Associate	Sales of products		425,664		161,752			396,076		150,509
0-E	Central Cervecera de Colombia S.A.S.	Colombia	Joint venture	Capital contribution		28,232,532		-			22,943,861		-
0-E	Zona Franca Central Cervecera S.A.S.	Colombia	Subsidiary of joint venture	Capital contribution		21,080,358		-			-		-
0-E	Americas Distilling Investments LLC	United States	Associate of subsidiary	Capital contribution		1,043,720		-			-		-
0-E	Amstel Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	License and technical assistance		211,740		(211,740	)		165,995		(165,995	)
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	Purchase of products		306,553		-			-		-
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	License and technical assistance		11,051,487		(11,051,487	)		9,445,557		(9,445,557	)
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	Sales of products		846,179		634,634			161,220		120,915
0-E	Heineken Brouwerijen B.V.	Netherlands	Related to the controller's shareholder	Services received		166,677		(166,677	)		82,475		(82,475	)
0-E	Societé des Produits Nestlé S.A.	Switzerland	Related to the subsidiary's shareholder	Royalty		520,363		(520,363	)		432,535		(432,535	)

Remuneration of the Management key employees

The Company is managed by a Board of Directors comprised of 9 members, each of whom is in office for a 3-year term and may be re-elected.

The Board was appointed at the Ordinary Shareholders´ Meeting held on April 13, 2016, being elected Messrs. Andrónico Luksic Craig, Francisco Pérez Mackenna, Pablo Granifo Lavín, Rodrigo Hinzpeter Kirberg, Marc Busain, Carlos Molina Solís, Didier Debrosse, José Miguel Barros van Hövell tot Westerflier and Vittorio Corbo Lioi, the latter independent according to article 50 bis of Law Nº18,046. The Chairman and the Vice Chairman, as well as the members of the Audit Committee were appointed at the Board of Directors´ meeting held on April 13, 2016. At the same meeting, and according to article 50 bis of Law N° 18,046, the independent Director Mr. Vittorio Corbo Lioi appointed the other members of the Directors Committee, which is composed of Directors Messrs. Pérez, Molina and Corbo. Additionally, Messrs. Corbo and Molina were appointed as members of the Audit Committee, both meeting the independence criteria under the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002 and the New York Stock Exchange Rules. The Board of Directors also resolved that Directors Messrs. Pérez and Barros shall participate in the Audit Committee´s meetings as observers.

At the Board meeting held on May 9, 2018, and due to the resignation of the directors Messrs. Marc Busain and Didier Debrosse, both effective as of May 1, 2018, the Board of Directors appointed Messrs. Hemmo Parson and Rory Cullinan in these vacancies, until the next Ordinary Shareholders' Meeting, pursuant to article 32 of Law N ° 18,046. In addition, in said meeting, Mr. Carlos Molina was designated as Vice Chairman of the Board of Directors, in lieu of Mr. Marc Busain.

The Ordinary Shareholders´ Meeting held on April 11, 2018 resolved to maintain the remuneration of Directors of Compañía Cervecerías Unidas S.A. previously agreed at the Ordinary Shareholders´ Meeting held on April 12, 2017, which consists of a gross monthly fee for attendance to Board Meetings of UF 100 per Director, and UF 200 for the Chairman, independent of the number of meetings held within such period, plus an amount equivalent to 3% of the distributed dividends, for the whole Board, at a rate of one-ninth for each Director and in proportion to the time each one served as such during the year 2018. If the distributed dividends exceed 50% of the net profits, the Board of Directors’ variable remuneration shall be calculated over a maximum 50% of such profits.

Additionally, those Directors that are members of the Directors Committee receive a gross remuneration of UF 34 for each meeting they attend, plus the amount that, as the percentage of the dividends, is required to complete one third of the total remuneration a Director is entitled to pursuant to article 50 bis of Law Nº 18,046 and Regulation N° 1956 of the CMF. Directors that are members and observers of the Audit Committee receive a gross monthly remuneration of UF 25.

According to the above, as of

December 31, 2018

, the Directors received ThCh$ 3,263,451 (ThCh$ 3,146,516 in 2017 and ThCh$ 3,215,759 in 2016) in meeting attendance fees and dividend participation. In addition, ThCh$ 217,514 (ThCh$ 224,813 in 2017 and ThCh$ 212,665 in 2016) were paid as meeting attendance fees and dividend participation to the Senior Management of the Parent Company.

As of

December 31, 2018

, the remuneration corresponding to the key personal was ThCh$ 7,308,365 (ThCh$ 6,449,061 in 2017 and ThCh$ 7,565,658 in 2016).

The Company grants annual discretionary and variable bonuses to the top key employees, which are not subject to an agreement and are decided on the basis of the compliance with individual and corporate goals and depending on the year results.