NOTE 10 — PROPERTY, PLANT AND EQUIPMENT
10.1Balances
Property, plant and equipment are detailed below at the end of each period:
|
|
|
Property, plant and equipment, gross |
|
Cumulative depreciation and |
|
Property, plant and equipment, net |
|
||||||
|
Item |
|
12.31.2017 |
|
12.31.2016 |
|
12.31.2017 |
|
12.31.2016 |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Construction in progress |
|
84,118,716 |
|
49,986,111 |
|
— |
|
— |
|
84,118,716 |
|
49,986,111 |
|
|
Land |
|
96,990,155 |
|
91,961,876 |
|
— |
|
— |
|
96,990,155 |
|
91,961,876 |
|
|
Buildings |
|
222,101,850 |
|
230,355,844 |
|
(59,716,002 |
) |
(57,282,683 |
) |
162,385,848 |
|
173,073,161 |
|
|
Plant and equipment |
|
431,876,945 |
|
453,359,655 |
|
(276,043,865 |
) |
(262,957,030 |
) |
155,833,080 |
|
190,402,625 |
|
|
Information technology |
|
20,697,750 |
|
19,683,777 |
|
(16,070,425 |
) |
(13,560,865 |
) |
4,627,325 |
|
6,122,912 |
|
|
Fixed facilities and accessories |
|
32.990.387 |
|
32,616,284 |
|
(13,400,510 |
) |
(12,150,171 |
) |
19,589,877 |
|
20,466,113 |
|
|
Vehicles |
|
52,587,886 |
|
44,629,827 |
|
(23,324,621 |
) |
(20,733,402 |
) |
29,263,265 |
|
23,896,425 |
|
|
Leasehold improvements |
|
115,768 |
|
734,100 |
|
(108,355 |
) |
(543,577 |
) |
7,415 |
|
190,523 |
|
|
Other Property, plant and equipment (1) |
|
395.823.718 |
|
397,539,405 |
|
(288,888,898 |
) |
(287,488,266 |
) |
106,934,818 |
|
110,051,139 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
1,337,303,175 |
|
1,320,866,879 |
|
(677,552,676 |
) |
(654,715,994 |
) |
659,750,499 |
|
666,150,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Other Property, plant and equipment is composed of bottles, market assets, furniture and other minor assets. |
The net balance of each of these categories is detailed as follows:
|
Other Property, plant and equipment |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
Bottles |
|
51,876,569 |
|
64,020,146 |
|
|
Marketing and promotional assets |
|
42,798,282 |
|
38,834,104 |
|
|
Other Property, plant and equipment |
|
12,259,967 |
|
7,196,889 |
|
|
|
|
|
|
|
|
|
Total |
|
106,934,818 |
|
110,051,139 |
|
|
|
|
|
|
|
|
The Company has insurance to protect its Property, plant and equipment and its inventory from potential losses. The geographic distribution of those assets is detailed as follows:
|
Chile |
: Santiago, Puente Alto, Maipú, Renca, Rancagua y San Antonio, Antofagasta, Coquimbo and Punta Arenas. |
|
Argentina |
: Buenos Aires, Mendoza, Córdoba y Rosario, Bahía Blanca, Chacabuco, La Pampa, Neuquén, Comodoro Rivadavia, Trelew, and Tierra del Fuego |
|
Brazil |
: Río de Janeiro, Niteroi, Campos, Cabo Frío, Nova Iguazú, Espirito Santo, Vitoria, part of São Paulo and Minas Gerais. |
|
Paraguay |
: Asunción, Coronel Oviedo, Ciudad del Este and Encarnación. |
10.2Movements
Movements in Property, plant and equipment are detailed as follows:
|
|
|
Construction |
|
Land |
|
Buildings, net |
|
Plant and |
|
IT |
|
Fixed |
|
Vehicles, net |
|
Leasehold |
|
Other, |
|
Property, plant |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Opening balance at January 1, 2017 |
|
49,986,111 |
|
91,961,876 |
|
173,073,161 |
|
190,402,625 |
|
6,122,912 |
|
20,466,113 |
|
23,896,425 |
|
190,523 |
|
110,051,139 |
|
666,150,885 |
|
|
Additions |
|
89,392,003 |
|
4,955,929 |
|
1,674,734 |
|
4,992,508 |
|
945,827 |
|
(4,161 |
) |
1,512,162 |
|
13,529 |
|
44,451,636 |
|
147,934,167 |
|
|
Disposals |
|
— |
|
— |
|
(300,079 |
) |
(700,973 |
) |
(1,062,530 |
) |
— |
|
(173,190 |
) |
— |
|
(790,242 |
) |
(3,027,014 |
) |
|
Transfers between items of Property, plant and equipment |
|
(41,957,409 |
) |
— |
|
3,450,060 |
|
24,250,647 |
|
1,133,684 |
|
2,548,441 |
|
2,253,061 |
|
— |
|
8,321,516 |
|
— |
|
|
Depreciation expense |
|
— |
|
— |
|
(5,880,770 |
) |
(36,026,939 |
) |
(2,190,107 |
) |
(2,112,681 |
) |
(5,303,332 |
) |
(61,033 |
) |
(45,746,096 |
) |
(97,320,958 |
) |
|
Increase (decrease) due to foreign currency translation differences |
|
(13,319,346 |
) |
72,350 |
|
(9,538,737 |
) |
(20,492,851 |
) |
(320,634 |
) |
(1,307,835 |
) |
7,441,057 |
|
(34,272 |
) |
(7,670,229 |
) |
(45,170,497 |
) |
|
Other increase (decrease) (1) |
|
17,357 |
|
— |
|
(92,521 |
) |
(6,591,937 |
) |
(1,827 |
) |
— |
|
(362,918 |
) |
(101,332 |
) |
(1,682,906 |
) |
(8,816,084 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total movements |
|
34,132,605 |
|
5,028,279 |
|
(10,687,313 |
) |
(34,569,545 |
) |
(1,495,587 |
) |
(876,236 |
) |
5,366,840 |
|
(183,108 |
) |
(3,116,321 |
) |
(6,400,386 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance at December 31, 2017 |
|
84,118,716 |
|
96,990,155 |
|
162,385,848 |
|
155,833,080 |
|
4,627,325 |
|
19,589,877 |
|
29,263,265 |
|
7,415 |
|
106,934,818 |
|
659,750,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Mainly correspond to property, plant & equipment write-offs. |
|
|
|
Construction |
|
Land |
|
Buildings, net |
|
Plant and |
|
IT Equipment, |
|
Fixed facilities |
|
Vehicles, net |
|
Leasehold |
|
Other, |
|
Property, plant and |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening balance at January 1, 2016 |
|
34,625,004 |
|
86,898,529 |
|
159,474,930 |
|
203,379,934 |
|
4,320,656 |
|
22,306,759 |
|
18,106,705 |
|
274,945 |
|
111,142,410 |
|
640,529,872 |
|
|
Additions |
|
70,421,863 |
|
1,248,433 |
|
1,201,903 |
|
9,833,490 |
|
2,666,593 |
|
161,395 |
|
338,986 |
|
— |
|
38,923,620 |
|
124,796,283 |
|
|
Disposals |
|
— |
|
— |
|
(4,598 |
) |
(601,444 |
) |
— |
|
— |
|
(3,473 |
) |
— |
|
(54,861 |
) |
(664,376 |
) |
|
Transfers between items of Property, plant and equipment |
|
(53,824,861 |
) |
1,643,038 |
|
15,471,645 |
|
16,202,982 |
|
1,062,653 |
|
1,709,635 |
|
9,015,390 |
|
— |
|
8,719,518 |
|
— |
|
|
Depreciation expense |
|
— |
|
— |
|
(5,335,475 |
) |
(35,568,436 |
) |
(1,910,731 |
) |
(2,456,511 |
) |
(4,622,348 |
) |
(112,805 |
) |
(44,120,837 |
) |
(94,127,143 |
) |
|
Increase (decrease) due to foreign currency translation differences |
|
(1,235,895 |
) |
2,171,876 |
|
2,792,916 |
|
(1,266,728 |
) |
29,148 |
|
(1,254,915 |
) |
1,783,041 |
|
28,383 |
|
(3,322,005 |
) |
(274,179 |
) |
|
Other increase (decrease) (1) |
|
— |
|
— |
|
(528,160 |
) |
(1,577,173 |
) |
(45,407 |
) |
(250 |
) |
(721,876 |
) |
— |
|
(1,236,706 |
) |
(4,109,572 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total movements |
|
15,361,107 |
|
5,063,347 |
|
13,598,231 |
|
(12,977,309 |
) |
1,802,256 |
|
(1,840,646 |
) |
5,789,720 |
|
(84,422 |
) |
(1,091,271 |
) |
25,621,013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance at December 31, 2016 |
|
49,986,111 |
|
91,961,876 |
|
173,073,161 |
|
190,402,625 |
|
6,122,912 |
|
20,466,113 |
|
23,896,425 |
|
190,523 |
|
110,051,139 |
|
666,150,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Mainly correspond to property, plant & equipment write-offs. |
|
|
Construction in |
|
Land |
|
Buildings, net |
|
Plant and |
|
IT Equipment, net |
|
Fixed |
|
Vehicles, net |
|
Leasehold |
|
Other, |
|
Property, plant |
|
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening balance at January 1, 2015 |
|
25,522,059 |
|
76,957,848 |
|
172,058,447 |
|
253,238,833 |
|
4,821,856 |
|
25,055,547 |
|
16,169,783 |
|
446,120 |
|
138,804,792 |
|
713,075,285 |
|
|
Additions |
|
59,639,751 |
|
17,987,524 |
|
104,132 |
|
9,184,539 |
|
285,838 |
|
— |
|
105,804 |
|
— |
|
23,668,047 |
|
110,975,635 |
|
|
Disposals |
|
— |
|
— |
|
(16,277 |
) |
(228,309 |
) |
(245 |
) |
— |
|
(4,917 |
) |
— |
|
(84,020 |
) |
(333,768 |
) |
|
Transfers between items of property, plant and equipment |
|
(46,527,488 |
) |
— |
|
10,132,100 |
|
9,853,256 |
|
1,583,502 |
|
1,371,016 |
|
8,868,154 |
|
5,993 |
|
14,713,467 |
|
— |
|
|
Depreciation expense |
|
— |
|
— |
|
(5,069,161 |
) |
(35,294,090 |
) |
(1,879,341 |
) |
(2,512,958 |
) |
(3,967,423 |
) |
(87,523 |
) |
(49,139,913 |
) |
(97,950,409 |
) |
|
Increase (decrease) due to foreign currency translation differences |
|
(4,009,318 |
) |
(8,046,843 |
) |
(17,496,868 |
) |
(29,405,268 |
) |
(469,797 |
) |
(1,606,846 |
) |
(2,918,202 |
) |
(89,645 |
) |
(16,283,975 |
) |
(80,326,762 |
) |
|
Other increase (decrease) (1) |
|
— |
|
— |
|
(237,443 |
) |
(3,969,027 |
) |
(21,157 |
) |
— |
|
(146,494 |
) |
— |
|
(535,988 |
) |
(4,910,109 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total movements |
|
9,102,945 |
|
9,940,681 |
|
(12,583,517 |
) |
(49,858,899 |
) |
(501,200 |
) |
(2,748,788 |
) |
1,936,922 |
|
(171,175 |
) |
(27,662,382 |
) |
(72,545,413 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance at December 31, 2015 |
|
34,625,004 |
|
86,898,529 |
|
159,474,930 |
|
203,379,934 |
|
4,320,656 |
|
22,306,759 |
|
18,106,705 |
|
274,945 |
|
111,142,410 |
|
640,529,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|