XML 127 R91.htm IDEA: XBRL DOCUMENT v3.20.1
Financial Information as per operating segments (Details 1) - CLP ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement [Line Items]      
Net sales $ 1,822,540,697 $ 1,783,282,337 $ 1,698,360,794
Cost of sales (908,318,190) (860,011,392) (798,738,655)
Gross margin 914,222,507 923,270,945 899,622,139
MSD&A (704,571,238) (681,575,822) (668,783,480)
Adjusted operating result 233,965,051 472,751,376 227,177,411
Equity and income of associates and joint ventures (16,431,759) (10,815,520) (8,914,097)
Foreign currency exchange differences (9,054,155) 3,299,657 (2,563,019)
Results as per adjustment units (8,255,001)    
Other gains (losses) 3,156,799 4,029,627 (7,716,791)
Income before taxes 185,621,574 458,211,348 196,474,395
Tax income (expense) (39,975,914) (136,126,817) (48,365,976)
Net income for year 145,645,660 322,084,531 148,108,419
Non-controlling interests 15,503,968 15,193,739 18,501,066
Depreciation and amortization 105,020,934 93,289,194 92,199,504
ORBDA 335,829,186    
Operating Segments [Member]      
Statement [Line Items]      
Sales revenue external customers 1,789,547,058 1,756,252,630 [1] 1,678,397,181
Other income 32,993,639 27,029,707 [2] 19,963,613
Sales revenue between segments 0 0 [1] 0
Net sales $ 1,822,540,697 $ 1,783,282,337 [1] $ 1,698,360,794
Change % 2.20% 5.00% [1] 0.00%
Cost of sales $ (908,318,190) $ (860,011,392) [1] $ (798,738,655)
% of Net sales 49.80% 48.20% [1] 47.00%
Gross margin $ 914,222,507 $ 923,270,945 [1] $ 899,622,139
% of Net sales 50.20% 51.80% [1] 53.00%
MSD&A $ (704,571,238) [3] $ (681,575,822) [1] $ (668,783,480) [3]
% of Net sales 38.70% 38.20% [1] 39.40%
Other operating income (expenses) $ 21,156,983 $ 227,026,626 [1] $ 4,055,543
Adjusted operating result $ 230,808,252 [4] $ 468,721,749 [1] $ 234,894,202 [4]
Change % (50.80%) 99.50% [1] 0.00%
% of Net sales 12.70% 26.30% [1] 13.80%
Net financial expense $ (14,602,562) $ (7,766,206) [1] $ (19,115,361)
Equity and income of associates and joint ventures (16,431,759) (10,815,520) [1] (8,914,097)
Foreign currency exchange differences (9,054,155) 3,299,657 [1] (2,563,019)
Results as per adjustment units   742,041 [1] (110,539)
Other gains (losses) 3,156,799 4,029,627 [1] (7,716,791)
Income before taxes 185,621,574 458,211,348 [1] 196,474,395
Tax income (expense) (39,975,914) (136,126,817) [1] (48,365,976)
Net income for year 145,645,660 322,084,531 [1] 148,108,419
Non-controlling interests 15,503,968 15,193,739 [1] 18,501,066
Net income attributable to equity holders of the parent 130,141,692 306,890,792 [1] 129,607,353
Depreciation and amortization 105,020,934 93,289,194 [1] 92,199,504
ORBDA $ 335,829,186 [5] $ 562,010,943 [1] $ 327,093,706 [5]
Change % (40.20%) 71.80% [1] 0.00%
% of Net sales 18.40% 31.50% [1] 19.30%
Chile [Member] | Operating Segments [Member]      
Statement [Line Items]      
Sales revenue external customers $ 1,134,048,629 $ 1,080,974,052 $ 1,020,763,055
Other income 16,438,937 15,754,493 14,667,777
Sales revenue between segments 13,816,469 12,845,646 11,688,658
Net sales $ 1,164,304,035 $ 1,109,574,191 $ 1,047,119,490
Change % 4.90% 6.00% 0.00%
Cost of sales $ (540,048,331) $ (501,255,744) $ (483,604,499)
% of Net sales 46.40% 45.20% 46.20%
Gross margin $ 624,255,704 $ 608,318,447 $ 563,514,991
% of Net sales 53.60% 54.80% 53.80%
MSD&A [3] $ (429,093,171) $ (407,242,869) $ (383,169,121)
% of Net sales 36.90% 36.70% 36.60%
Other operating income (expenses) $ 5,266,475 $ 1,586,173 $ 2,438,416
Adjusted operating result [4] $ 200,429,008 $ 202,661,751 $ 182,784,286
Change %   10.90% 0.00%
% of Net sales 17.20% 18.30% 17.50%
Net financial expense $ 0 $ 0 $ 0
Equity and income of associates and joint ventures 0 0 0
Foreign currency exchange differences 0 0 0
Results as per adjustment units 0 0 0
Other gains (losses) 0 0 0
Depreciation and amortization 66,301,914 63,148,804 64,807,818
ORBDA [5] $ 266,730,922 $ 265,810,555 $ 247,592,104
Change % 0.30% 7.40% 0.00%
% of Net sales 22.90% 24.00% 23.60%
International Business [Member] | Operating Segments [Member]      
Statement [Line Items]      
Sales revenue external customers $ 452,267,652 $ 473,972,819 [6] $ 457,178,413
Other income 11,724,538 9,404,839 [6] 2,740,533
Sales revenue between segments 495,259 548,184 [6] 398,100
Net sales $ 464,487,449 $ 483,925,842 [6] $ 460,317,046
Change % (4.00%) 5.10% [6] 0.00%
Cost of sales $ (248,880,925) $ (230,068,601) [6] $ (190,387,412)
% of Net sales 53.60% 47.50% [6] 41.40%
Gross margin $ 215,606,524 $ 253,857,241 [6] $ 269,929,634
% of Net sales 46.40% 52.50% [6] 58.60%
MSD&A $ (210,155,693) [3] $ (210,591,361) [6] $ (225,341,789) [3]
% of Net sales 45.20% 43.50% [6] 49.00%
Other operating income (expenses) $ 14,201,709 $ 223,078,626 [6] $ 678,153
Adjusted operating result $ 19,652,540 [4] $ 266,344,506 [6] $ 45,265,998 [4]
Change % (92.60%) 488.40% [6] 0.00%
% of Net sales 4.20% 55.00% [6] 9.80%
Net financial expense $ 0 $ 0 [6] $ 0
Equity and income of associates and joint ventures 0 0 [6] 0
Foreign currency exchange differences 0 0 [6] 0
Results as per adjustment units 0 0 [6] 0
Other gains (losses) 0 0 [6] 0
Depreciation and amortization 27,077,745 19,798,708 [6] 15,568,301
ORBDA $ 46,730,285 [5] $ 286,143,214 [6] $ 60,834,299 [5]
Change % (83.70%) 370.40% [6] 0.00%
% of Net sales 10.10% 59.10% [6] 13.20%
Wines [Member] | Operating Segments [Member]      
Statement [Line Items]      
Sales revenue external customers $ 203,230,777 $ 201,305,759 $ 200,455,713
Other income 3,806,545 4,190,594 3,105,064
Sales revenue between segments 5,284,436 1,022,378 893,005
Net sales $ 212,321,758 $ 206,518,731 $ 204,453,782
Change % 2.80% 1.00% 0.00%
Cost of sales $ (128,763,785) $ (133,271,578) $ (126,244,373)
% of Net sales 60.60% 64.50% 61.70%
Gross margin $ 83,557,973 $ 73,247,153 $ 78,209,409
% of Net sales 39.40% 35.50% 38.30%
MSD&A [3] $ (55,595,811) $ (52,408,689) $ (53,941,735)
% of Net sales 26.20% 25.40% 26.40%
Other operating income (expenses) $ 515,019 $ 1,828,938 $ 251,765
Adjusted operating result [4] $ 28,477,181 $ 22,667,402 $ 24,519,439
Change % 25.60% (7.60%) 0.00%
% of Net sales 13.40% 11.00% 12.00%
Net financial expense $ 0 $ 0 $ 0
Equity and income of associates and joint ventures 0 0 0
Foreign currency exchange differences 0 0 0
Results as per adjustment units 0 0 0
Other gains (losses) 0 0 0
Depreciation and amortization 9,826,148 7,935,006 7,505,440
ORBDA [5] $ 38,303,329 $ 30,602,408 $ 32,024,879
Change % 25.20% (4.40%) 0.00%
% of Net sales 18.00% 14.80% 15.70%
Other Segments [Member]      
Statement [Line Items]      
Depreciation and amortization [7] $ 1,815,127 $ 2,406,676 $ 4,317,945
Other Segments [Member] | Operating Segments [Member]      
Statement [Line Items]      
Sales revenue external customers 0 0 [6] 0
Other income 1,023,619 (2,320,219) [6] (549,761)
Sales revenue between segments (19,596,164) (14,416,208) [6] (12,979,763)
Net sales (18,572,545) $ (16,736,427) [6] $ (13,529,524)
Change %   0.00% [6] 0.00%
Cost of sales $ 9,374,851 $ 4,584,531 [6] $ 1,497,629
% of Net sales 0.00% 0.00% [6] 0.00%
Gross margin $ (9,197,694) $ (12,151,896) [6] $ (12,031,895)
% of Net sales 0.00% 0.00% [6] 0.00%
MSD&A $ (9,726,563) [3] $ (11,332,903) [6] $ (6,330,835) [3]
% of Net sales 0.00% 0.00% [6] 0.00%
Other operating income (expenses) $ 1,173,780 $ 532,889 [6] $ 687,209
Adjusted operating result $ (17,750,477) [4] $ (22,951,910) [6] $ (17,675,521) [4]
Change %   0.00% [6] 0.00%
% of Net sales 0.00% 0.00% [6] 0.00%
Net financial expense $ 0 $ 0 [6] $ 0
Equity and income of associates and joint ventures 0 0 [6] 0
Foreign currency exchange differences 0 0 [6] 0
Results as per adjustment units 0 0 [6] 0
Other gains (losses) 0 0 [6] 0
Depreciation and amortization 1,815,127 2,406,676 [6] 4,317,945
ORBDA [5] $ (15,935,350) $ (20,545,234) [6] $ (13,357,576)
Change %   0.00% [6] 0.00%
% of Net sales 0.00% 0.00% [6] 0.00%
[1] The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent.
[2] The net impact, related to early termination of Budweiser license (See Note 1 – General information, letter C), on CCU’s consolidated earnings was a one-time gain of ThCh$ 208,842,443 in ORBDA and ThCh$ 157,358,973 in Net income attributable to equity holder of the parent.
[3] MSD&A included Marketing, Selling, Distribution and Administrative expenses.
[4] Adjusted operating result (for management purposes we have defined as Net income before other gains (losses), net financial expense, equity and income of joint venture, foreign currency exchange differences, result as per adjustment units and income taxes).
[5] ORBDA (for management purpose we have defined as Adjusted Operating Result before Depreciation and Amortization).
[6] The net impact, related to early termination of Budweiser license, on International Business Operating segment earnings was a one-time gain of ThCh$ 211,228,960 in ORBDA and a loss in Other for an amount of ThCh$ 2,386,517.
[7] Includes depreciation and amortization corresponding to the Corporate Support Units.