XML 52 R32.htm IDEA: XBRL DOCUMENT
v3.21.1

Employee benefits | 12 Months Ended
--- | ---
Dec. 31, 2020
Disclosure of Employee benefits [Abstract] |
Disclosure Of Employee Benefits Explanatory [Text Block] | Note 26 Employee Benefits The Company grants short term and employment termination benefits as part of its compensation policies. The Parent Company and its subsidiaries have collective agreements with their employees, which establish the compensation and/or short–term and long-term benefits for their staff, the main features of which are described below:
| § | Short-term benefits are generally based on combined plans or agreements, designed to compensate benefits received, such as paid vacation, annual performance bonuses and compensation through annuities.
| § | Long-term benefits are plans or agreements mainly intended to cover the post-employment benefits generated at the end of the labor relationship, be it by voluntary resignation or death of personnel hired.
The cost of such benefits is charged against income, in the “Personnel Expense” item. As of December 31, 2020 and 2019 , the total staff benefits recorded in the Consolidated Statement of Financial Position is detailed as follows:
Employees’ Benefits | As of December 31, 2020 | As of December 31, 2019
Current | Non-current | Current | Non-current
ThCh$ | ThCh$ | ThCh$ | ThCh$
Short term benefits | 33,935,007 | - | 27,356,205 | -
Employment termination benefits (1) | 5,965,581 | 35,678,357 | - | 33,571,138
Total | 39,900,588 | 35,678,357 | 27,356,205 | 33,571,138
(1) The Company has an approved short-term retirement program. Short - term benefits Short-term benefits are mainly comprised of recorded vacation (on accruals basis), bonuses and share compensation. Such benefits are recorded when the obligation is accrued and are usually paid within a 12-month periods, consequently, they are not discounted. The total short-term benefits recorded in the Consolidated Statement of Financial Position are detailed as follows:
Short-Term Employees’ Benefits | As of December 31, 2020 | As of December 31, 2019
ThCh$ | ThCh$
Vacation s | 14,381,033 | 11,500,170
Bonus and compensation | 19,553,974 | 15,856,035
Total | 33,935,007 | 27,356,205
The Company records staff vacation cost on an accrual basis. Severance Indemnity The Company records a liability for the payment of an irrevocable severance indemnity, originated by collective and individual agreements entered into with certain groups of employees. Such obligation is determined by means of the current value of the benefit accrued cost, a method that considers several factors for the calculation such as estimates of future continuance, mortality rates, future salary increases and discount rates. The Company periodically evaluates the above-mentioned factors based on historical data and future projections, making adjustments that apply when checking changes sustained trend. The so-determined value is presented at the current value by using the severance benefits accrued method. The discount rate is determined by reference to market interest rates curves for high quality entrepreneurial bonds. The discount rate in Chile was 4,41% ( 4,5% in 2019 ) and in Argentina 54,87% ( 49,14% in 2019 ). The obligation recorded for severance indemnity is detailed as follows:
Severance Indemnity | As of December 31, 2020 | As of December 31, 2019
ThCh$ | ThCh$
Current | 5,965,581 | -
Non-current | 35,678,357 | 33,571,138
Total | 41,643,938 | 33,571,138
The change in the severance indemnity is detailed as follows:
Severance Indemnity | ThCh$
Balance as of January 1, 2019 | 27,095,207
Current cost of service | 2,457,762
Interest cost | 1,750,514
Actuarial (Gain) losses | 4,086,158
Paid-up benefits | (1,773,734)
Past service cost | 930,906
Conversion effect | (787,975)
Others | (187,700)
Changes | 6,475,931
As of December 31, 2019 | 33,571,138
Current cost of service | 3,077,205
Interest cost | 2,343,063
Actuarial (Gain) losses | 1,859,692
Paid-up benefits | (1,087,421)
Past service cost | 653,426
Conversion effect | (1,146,660)
Others | 2,373,495
Changes | 8,072,800
As of December 31, 2020 | 41,643,938
The figures recorded in the Consolidated Statement of Income, are detailed as follows:
Expense recognized for severance indemnity | For the years ended as of December 31,
2020 | 2019 | 2018
ThCh$ | ThCh$ | ThCh$
Current cost of service | 3,077,205 | 2,457,762 | 2,154,071
Past service cost | 653,426 | 930,906 | 306,746
Non-provided paid benefits | 3,718,682 | 3,959,881 | 6,547,694
Other | 2,271,831 | 70,747 | 175,005
Total expense recognized in Consolidated Statement of Income | 9,721,144 | 7,419,296 | 9,183,516
Actuarial Assumptions As mentioned in Note 2 - Summary of significant accounting policies, 2.20 , the severance payment obligation is recorded at its actuarial value. The main actuarial assumptions used for the calculation of the severance indemnity obligation are detailed as follows:
Actuarial Assumptions | Chile | Argentina
As of December 31, 2020 | As of December 31, 2019 | As of December 31, 2020 | As of December 31, 2019
Mortality table | RV_2014 | RV_2014 | Gam,83 | Gam,83
Annual interest rate | 4.41% | 4.5% | 54.87% | 49.14%
Voluntary employee turnover rate | 1.9% | 1.9% | "ESA 77 Adjusted" - 50% | "ESA 77 Adjusted" - 50%
Company’s needs rotation rate | 5.3% | 5.3% | "ESA 77 Adjusted" -50 % | "ESA 77 Adjusted" -50 %
Salary increase (*) | 3.7% | 3.7% | 46.1% | 45.1%
Estimated retirement age for (*) | Officers |  | 60 | 60 | 60 | 60
Other | Male | 65 | 65 | 65 | 65
Female | 60 | 60 | 60 | 60
(*) Average of the Company. Sensitivity Analysis The Following is a sensitivity analysis based on increased (decreased) of 1 percent on the discount rate:
Sensitivity Analysis | As of December 31, 2020 | As of December 31, 2019
ThCh$ | ThCh$
1% increase in the Discount Rate (Gain) | 2,383,615 | 2,126,263
1% decrease in the Discount Rate (Loss) | (2,778,376) | (2,479,498)
Personnel expense The amounts recorded in the Consolidated Statement of Income are detailed as follows:
Personal expense | For the years ended as of December 31,
2020 | 2019 | 2018
ThCh$ | ThCh$ | ThCh$
Salaries | 183,113,287 | 168,117,881 | 159,246,822
Employees’ short-term benefits | 34,107,747 | 27,469,694 | 31,528,110
Total expenses for short-term employee benefits | 217,221,034 | 195,587,575 | 190,774,932
Employments termination benefits | 9,721,144 | 7,419,296 | 9,183,516
Other staff expense | 37,006,715 | 34,115,503 | 32,183,184
Total (1) | 263,948,893 | 237,122,374 | 232,141,632
(1) See Note 30 - Natures of cost and expense .

X
- References No definition available. + Details
Name: | ccu_DisclosureOfEmployeeBenefitsAbstract
Namespace Prefix: | ccu_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of employee benefits explanatory. + References No definition available. + Details
Name: | ccu_DisclosureOfEmployeeBenefitsExplanatoryTextBlock
Namespace Prefix: | ccu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration