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Inventories

12 Months Ended

Dec. 31, 2018

Disclosure of Inventories [Abstract]

Note 12 Inventories

The inventories balances are detailed as follows:

	As of December 31, 2018			As of December 31, 2017
	ThCh $			ThCh $
Finished products		83,843,751			74,897,803
In process products		3,109,463			2,861,150
Raw material		127,732,091			114,911,632
In transit raw material		8,488,881			5,236,825
Materials and products		6,206,087			5,618,614
Realizable net value estimate and obsolescence		(1,318,036	)		(1,538,133	)
Total		228,062,237			201,987,891

The Company wrote off a total of ThCh$ 3,296,095, ThCh$ 2,981,075 and ThCh$ 2,012,748 against net realizable value and obsolescence for the years ended as of December 31, 2018, 2017 and 2016, respectively.

Additionally, the Company presents an estimate for inventory impairment which includes amounts related to low turnover, technical obsolescence and/or products recalled from the market.

The movement of net realizable value and obsolescence estimate is detailed as follows:

	As of December 31, 2018			As of December 31, 2017
	ThCh $			ThCh $
Initial balance		(1,538,133	)		(2,337,354	)
Inventories write-down estimation		(3,081,986	)		(2,268,199	)
Estimates resulting from business combinations (1)		(101,244	)		-
Inventories recognised as an expense		3,296,095			2,981,075
Business combinations effect		107,232			86,345
Total		(1,318,036	)		(1,538,133	)

(1)

See

Note 15 – Business Combinations

As of

December 31, 2018 and 2017

, the Company does not have any inventory pledged as guarantee for financial obligations.