Investments accounted for using equity method (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of investments accounted for using equity method [Abstract]

Investments In Joint Ventures And Associates [Text Block]

The share value of investments in joint ventures and associates are detailed as follows:

	Percentage of participation		As of December 31, 2018		As of December 31, 2017
	%		ThCh $		ThCh $
Cervecería Austral S.A.		50.00		7,327,949		6,126,384
Foods Compañía de Alimentos CCU S.A.		50.00		12,012,276		5,792,242
Central Cervecera de Colombia S.A.S.		50.00		40,681,482		50,374,322
Zona Franca Central Cervecera S.A.S.		50.00		80,766,534		20,696,077
Total joint ventures				140,788,241		82,989,025
Bebidas Bolivianas BBO S.A. (1)		34.00		-		14,641,870
Other companies (2)				1,229,540		1,639,385
Total associates				1,229,540		16,281,255
Total				142,017,781		99,270,280

(1)

See

Note 15 – Business combinations, letter a)

(2)

See

Note 15 – Business combinations, letter b)

Disclosure Of Acquisition Of Joint Ventures And Associates Reported Net Of Impairment Loss [Text Block]

The above mentioned values include goodwill generated in the acquisition of the following joint venture and associate, which are presented net of any impairment loss:

	As of December 31, 2018		As of December 31, 2017
	ThCh $		ThCh $
Cervecería Austral S.A.		1,894,770		1,894,770
Bebidas Bolivianas BBO S.A. (1)		-		8,294,324
Total		1,894,770		10,189,094

(1)

See

Note 15 – Business combinations, letter a)

Disclosure Of Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method [Text Block]

The result accrued in joint ventures and associates are detailed as follows:

	For the years ended as of December 31,
	2018			2017			2016
	ThCh $			ThCh $			ThCh $
Cervecería Austral S.A.		1,638,811			952,235			754,326
Foods Compañía de Alimentos CCU S.A.		792,376			165,905			(519,536	)
Central Cervecera de Colombia S.A.S.		(11,804,950	)		(8,646,651	)		(3,969,699	)
Zona Franca Central Cervecera S.A.S.		(391,465	)		87,583			-
Total joint ventures		(9,765,228	)		(7,440,928	)		(3,734,909	)
Bebidas Bolivianas BBO S.A. (1)		(921,812	)		(1,459,916	)		(1,805,548	)
Other companies (2)		(128,480	)		(13,253	)		(20,065	)
Total associates		(1,050,292	)		(1,473,169	)		(1,825,613	)
Total		(10,815,520	)		(8,914,097	)		(5,560,522	)

(1)

See

Note 15 – Business combinations, letter a)

(2)

See

Note 15 – Business combinations, letter b)

Changes In Investments In Joint Ventures And Associates [Text Block]

Changes in investments in joint ventures and associates are detailed as follows:

	As of December 31, 2018			As of December 31, 2017
	ThCh $			ThCh $
Balance at the beginning of year		99,270,280			64,404,946
Other payments to acquire interests in joint ventures		59,505,559			49,312,890
Cash flows used to purchase non-controlling interests		-			1,149,689
Participation in the joint ventures and associates (loss)		(10,815,520	)		(8,914,097	)
Dividends received		(423,994	)		(353,150	)
Business combinations (1)		(14,144,241	)		-
Others		8,625,697			(6,329,998	)
Total		142,017,781			99,270,280

(1)

See

Note 15 – Business combinations, letter a) and b)

Summary Of Significant Financial Information Related To Joint Ventures And Associates [Text Block]

As of December 31, 2018, 2017 and 2016, the significant items of the financial statements of 100% of joint ventures and associates are summarized as follows:

	Joint ventures		Joint ventures		Associates
	As of December 31, 2018		As of December 31, 2017
	ThCh $		ThCh $		ThCh $
Assets and Liabilities
Current assets		206,761,242		49,960,930		5,540,894
Non-current assets		246,997,507		150,837,264		26,609,731
Current liabilities		172,143,127		35,339,239		4,444,262
Non-current liabilities		2,893,856		1,994,220		9,037,112

	Joint ventures			Joint ventures			Associates			Joint ventures			Associates
	For the years ended as of December 31,
	2018			2017						2016
	ThCh $			ThCh $			ThCh $			ThCh $			ThCh $
Income Statement (Summarized)
Net sales		70,296,729			57,417,288			19,760,918			63,926,397			19,733,853
Operating result		(21,173,985	)		(18,606,383	)		(4,086,973	)		(11,913,526	)		(4,159,093	)
Net income for year		(19,886,274	)		(14,352,788	)		(4,462,733	)		(7,287,727	)		(4,712,596	)
Other comprehensive income		(24,720,721	)		(27,052,015	)		(5,761,515	)		(3,451,487	)		(7,965,214	)
Depreciation and amortization		(2,656,715	)		(2,618,567	)		(2,818,923	)		(2,104,820	)		(2,698,849	)