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Investment Property
 12 Months Ended
Dec. 31, 2018
Disclosure of detailed information about investment property [abstract]  
Disclosure of investment property [text block]
Note 20 Investment Property
 
Investment property movements are detailed as follows:
 
 
 
Lands
 
 
Buildings
 
 
Total
 
 
 
ThCh
$
 
 
ThCh
$
 
 
ThCh
$
 
As of January 1, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Historic cost
 
 
4,729,639
 
 
 
2,279,475
 
 
 
7,009,114
 
Depreciation
 
 
-
 
 
 
(755,287
)
 
 
(755,287
)
Book Value
 
 
4,729,639
 
 
 
1,524,188
 
 
 
6,253,827
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Additions
 
 
-
 
 
 
17,588
 
 
 
17,588
 
Depreciation
 
 
-
 
 
 
(49,909
)
 
 
(49,909
)
Convertion effect (depreciation)
 
 
(270,804
)
 
 
(165,236
)
 
 
(436,040
)
Conversion effect
 
 
-
 
 
 
30,893
 
 
 
30,893
 
Changes
 
 
(270,804
)
 
 
(157,664
)
 
 
(428,468
)
Book Value
 
 
4,458,835
 
 
 
1,366,524
 
 
 
5,825,359
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Historic cost
 
 
4,458,835
 
 
 
2,131,827
 
 
 
6,590,662
 
Depreciation
 
 
-
 
 
 
(765,303
)
 
 
(765,303
)
Book Value
 
 
4,458,835
 
 
 
1,366,524
 
 
 
5,825,359
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Additions
 
 
-
 
 
 
3,613
 
 
 
3,613
 
Depreciation
 
 
-
 
 
 
(49,728
)
 
 
(49,728
)
Convertion effect (depreciation)
 
 
(429,377
)
 
 
(269,737
)
 
 
(699,114
)
Conversion effect
 
 
-
 
 
 
68,416
 
 
 
68,416
 
Other increases (decreases) (1)
 
 
2,695,795
 
 
 
871,615
 
 
 
3,567,410
 
Changes
 
 
2,266,418
 
 
 
624,179
 
 
 
2,890,597
 
Book Value
 
 
6,725,253
 
 
 
1,990,703
 
 
 
8,715,956
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Historic cost
 
 
6,725,253
 
 
 
2,737,318
 
 
 
9,462,571
 
Depreciation
 
 
-
 
 
 
(746,615
)
 
 
(746,615
)
Book Value
 
 
6,725,253
 
 
 
1,990,703
 
 
 
8,715,956
 
(1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies”. See
Note 4 - Accounting changes, letter b)
.
 
Investment property includes twenty land properties, two offices and one apartment, situated in Chile, which are maintained for appreciation purposes, with one land property, two offices and one apartment of them being leased and generating ThCh$ 158,235 revenue during year
2018
(ThCh$ 193,839 in
2017
and ThCh$ 251,545 in
2016
). Additionally, there are three land properties in Argentina, which are leased and generated an income for ThCh$ 97,312 for year
2018
(ThCh$ 135,064 in
2017
and ThCh$ 131,389 in
2016
). In addition, the expenses associated with such investment properties amounted to ThCh$ 50,874 for the year ended as of
December 31, 2018
(ThCh$ 60,452 in
2017
and ThCh$ 71,090 in
2016
).
 
The fair value, of investment property that represent 89% of the carrying amount is ThCh$ 13,332,435.
 
Management has not detected any evidence of impairment of investment property.
 
The Company does not maintain any pledge or restriction over investment property items.