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Other non-financial assets
 12 Months Ended
Dec. 31, 2023
Other Non-financial Assets  
Other non-financial assets

Note 9   Other non-financial assets

 

The Company maintained the following other non-financial assets:

 

       
  As of December 31, 2023 As of December 31, 2022
Current Non-current Current Non-current
ThCh$ ThCh$ ThCh$ ThCh$
Insurances paid 7,023,579 2,605,172 5,969,572 –
Advertising 9,430,148 9,452,969 9,638,905 12,189,131
Advances to suppliers 9,860,004 – 2,646,597 –
Prepaid expenses 1,736,475 156,307 1,633,812 312,916
Total advances 28,050,206 12,214,448 19,888,886 12,502,047
Guarantees paid – 92,963 11,223 107,492
Consumables 754,621 – 985,485 –
Dividends receivable 869,878 – 1,152,147 –
Others – 3,616 – 3,905
Total others assets 1,624,499 96,579 2,148,855 111,397
Total 29,674,705 12,311,027 22,037,741 12,613,444

 

 

Nature of each non-financial asset:

 

a)Insurances paid: Annual payments for insurances policies are included, which are capitalized and then amortized according the term of the contract.

 

b)Advertising: Corresponds to advertising and promotion contracts related to customers and advertising service providers, that promote our brands which are capitalized and then amortized according the term of the contract.

 

c)Advances to suppliers: Mainly for services, purchase of raw materials and customs agents.

 

d)Prepaid expenses: Services paid in advance that give entitlement to benefits usually for a period of 12 months, they are reflected against result as they are accrued.

 

e)Guarantees paid: It is the initial payment for the lease of goods required by the lessor to ensure compliance with the conditions stipulated in the contract.

 

f)Consumables: Under this item are mainly included security supplies, clothing or supplies to be used in administrative offices, such as: eyeglasses, gloves, masks, aprons, etc.

 

g)Dividends receivable: Dividends receivable from associates and joint ventures.