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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - CLP ($)
$ in Thousands
Total
Common Stock
Reserve of exchange differences on translation
Reserve of cash flow hedges
Reserve of Actuarial gains and losses on defined benefit plans
Other reserves
Total other reservations
Retained earnings
Equity attributable to equity holders of the parent
Non-controlling interests
Beginning Balance (Previously stated [member]) at Dec. 31, 2016 $ 1,200,655,718 $ 562,693,346 $ (120,558,932) $ 39,081 $ (3,925,717) $ (18,527,810) $ (142,973,378) $ 657,578,187 $ 1,077,298,155 $ 123,357,563
Beginning Balance at Dec. 31, 2016 1,200,655,718 562,693,346 (120,558,932) 39,081 (3,925,717) (18,527,810) (142,973,378) 657,578,187 1,077,298,155 123,357,563
Changes                    
Final dividends [1] (5,922,874) 0 0 0 0 0 0 (5,922,874) (5,922,874) 0
Interim dividends [2] (25,865,201) 0 0 0 0 0 0 (25,865,201) (25,865,201) 0
Interim dividends according to policy [3] (38,938,475) 0 0 0 0 0 0 (38,938,475) (38,938,475) 0
Other increase (decrease) in Equity [4] (8,805,260) 0 0 0 0 0 0 0 0 (8,805,260)
Total Comprehensive income (expense) [5] 113,289,447 0 (32,982,829) (10,837) (32,794) 0 (33,026,460) 129,607,353 96,580,893 16,708,554
Increase (decrease) through changes in ownership interests in subsidaries [6] (7,584,747) 0 0 0 0 (2,075,441) (2,075,441) 0 (2,075,441) (5,509,306)
Total changes in equity 26,172,890 0 (32,982,829) (10,837) (32,794) (2,075,441) (35,101,901) 58,880,803 23,778,902 2,393,988
Ending Balance (Previously stated [member]) at Dec. 31, 2017 1,226,692,832 562,693,346 (153,541,761) 28,244 (3,958,511) (20,603,251) (178,075,279) 716,332,268 1,100,950,335 125,742,497
Ending Balance at Dec. 31, 2017 1,226,828,608 562,693,346 (153,541,761) 28,244 (3,958,511) (20,603,251) (178,075,279) 716,458,990 1,101,077,057 125,751,551
Increase (decrease) due to changes in accounting policies at Dec. 31, 2017 [7] (135,776) 0 0 0 0 0 0 (126,722) (126,722) (9,054)
Changes                    
Final dividends [1] (1,296,076) 0 0 0 0 0 0 (1,296,076) (1,296,076) 0
Interim dividends [2] (51,730,402) 0 0 0 0 0 0 (51,730,402) (51,730,402) 0
Interim dividends according to policy [3] (101,714,994) 0 0 0 0 0 0 (101,714,994) (101,714,994) 0
Other increase (decrease) in Equity [4] (7,374,653) 0 0 0 0 0 0 0 0 (7,374,653)
Effects business combination [8] 6,755,102 0 0 0 0 0 0 0 0 6,755,102
Total Comprehensive income (expense) [5] 359,197,174 0 35,487,433 51,944 (882,063) 0 34,657,314 306,890,792 341,548,106 17,649,068
Increase (decrease) through changes in ownership interests in subsidaries [9] (41,413,040) 0 0 0 0 (7,630,261) (7,630,261) 0 (7,630,261) (33,782,779)
Total changes in equity 162,423,111 0 35,487,433 51,944 (882,063) (7,630,261) 27,027,053 152,149,320 179,176,373 (16,753,262)
Ending Balance at Dec. 31, 2018 1,389,115,943 562,693,346 (118,054,328) 80,188 (4,840,574) (28,233,512) (151,048,226) 868,481,588 1,280,126,708 108,989,235
Changes                    
Final dividends [1] (30,689,081) 0 0 0 0 0 0 (30,689,081) (30,689,081) 0
Interim dividends [10] (27,712,715) 0 0 0 0 0 0 (27,712,715) (27,712,715) 0
Interim dividends according to policy [3] (37,358,131) 0 0 0 0 0 0 (37,358,131) (37,358,131) 0
Other increase (decrease) in Equity [4] (11,918,592) 0 0 0 0 0 0 0 0 (11,918,592)
Effects business combination [8] 700,774 0 0 0 0 60,881 60,881 0 60,881 639,893
Total Comprehensive income (expense) [5] 159,956,294 0 16,122,893 249,503 (2,887,580) 0 13,484,816 130,141,692 143,626,508 16,329,786
Increase (decrease) through changes in ownership interests in subsidaries [11] 832,731 0 0 0 0 0 0 0 0 832,731
Total changes in equity 53,811,280 0 16,122,893 249,503 (2,887,580) 60,881 13,545,697 34,381,765 47,927,462 5,883,818
Ending Balance at Dec. 31, 2019 $ 1,442,927,223 $ 562,693,346 $ (101,931,435) $ 329,691 $ (7,728,154) $ (28,172,631) $ (137,502,529) $ 902,863,353 $ 1,328,054,170 $ 114,873,053
[1] Corresponds to the differences between the final dividend and CCU’s policy of distributing a minimum dividend of at least 50% of income (Note 27 - Common Shareholders’ Equity).
[2] Related to dividends declared as of December 31 of each year and paid during January of the following year, as agreed by the Board of Directors.
[3] Corresponds to the differences between CCU’s policy to distribute a minimum dividend of at least 50% of the income (Note 27- Common Shareholders’ Equity) and the interim dividends declared or payed as of December 31 of each year.
[4] Mainly related to dividends to Non-controlling interest.
[5] See Note 27 - Common Shareholders’ Equity.
[6] During 2017, the Company through its subsidiary CCU Inversiones S.A. acquired shares in VSPT by an amount of ThCh$ 7,800,000 with a carrying amount of ThCh$ 5,724,003, which generated, at CCU’s consolidated level, a decrease in Other reserves by an amount of ThCh$ 2,075,441.
[7] Corresponds to the effect by the adoption of IFRS 9 and IFRS15.
[8] See Note 15 – Business combinations.
[9] Mainly related to the acquisition of an additional interest of VSPT, through the subsidiary CCU Inversiones S.A. for an amount of ThCh$ 49,222,781 with a carrying amount of ThCh$ 36,165,735, which generated, at CCU's consolidated level, a decrease in Other reserves of ThCh$ 13,054,114 on January 29, 2018. Additionally, on December 17, 2018 the joint venture Foods Compania de Alimentos CCU S.A. (“Foods”) and subsidiary CCU Inversiones S.A. sold the property over Alimentos Nutrabien S.A. generating an effect in Other reserves of ThCh $ 5,426,209 (Note 27 - Common Shareholders’ Equity).
[10] Corresponds to Interim dividends that were paid on December 26, 2019, as agreed by the Ordinary Board of Directors.
[11] See Note 1 – General information, letter D, number (4).