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Inventories
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Inventories

Note 12   Inventories

 

The inventories balances are detailed as follows:

 

   
  As of December 31, 2023 As of December 31, 2022
ThCh$ ThCh$
Finished products 156,692,277 184,684,428
In process products 25,068,819 23,070,479
Raw material 224,501,917 244,040,652
Finished products  and Raw material in transit 11,712,496 21,209,137
Materials and products 13,523,712 13,075,171
Realizable net value estimate and obsolescence (5,770,789) (5,280,333)
Total 425,728,432 480,799,534

 

For the years ended as of December 31, 2023, 2022 and 2021, the Company wrote off a total of ThCh$ 5,212,799, ThCh$ 2,371,770 and ThCh$ 3,692,846, against net realizable value and obsolescence, respectively.

 

Additionally, the Company presents an estimate for inventory impairment which includes amounts related to low turnover, technical obsolescence and/or products recalled from the market.

 

The movement of net realizable value and obsolescence estimate is detailed as follows:

 

   
  As of December 31, 2023 As of December 31, 2022
ThCh$ ThCh$
Initial balance (5,280,333) (3,176,553)
Inventories write-down estimation (6,483,906) (4,756,848)
Inventories recognised as an expense 5,212,799 2,371,770
Business combinations effect 780,651 281,298
Total (5,770,789) (5,280,333)

 

As of December 31, 2023 and 2022, the Company does not have any inventory pledged as guarantee for financial obligations.

 

There is no non-current inventory at 31 December, 2023 and 2022, as it is available for sale to the public once it is produced. Inventories for which technically a production cycle of more than twelve months is required represent a marginal total.