NOTE 11 — RELATED PARTY DISCLOSURES
Balances and main transactions with related parties are detailed as follows:
11.1Accounts receivable:
11.1.1Current:
|
Taxpayer ID |
|
Company |
|
Relationship |
|
Country |
|
Currency |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
96.891.720-K |
|
Embonor S.A. |
|
Related to Shareholder |
|
Chile |
|
Chilean pesos |
|
4,220,936 |
|
5,283,410 |
|
|
96.517.210-2 |
|
Embotelladora Iquique S.A. |
|
Related to Shareholder |
|
Chile |
|
Chilean pesos |
|
303,866 |
|
307,848 |
|
|
76.572.588-7 |
|
Coca Cola del Valle New Ventures S.A. |
|
Associate |
|
Chile |
|
Chilean pesos |
|
647.342 |
|
180,000 |
|
|
96.919.980-7 |
|
Cervecería Austral S.A. |
|
Related to director |
|
Chile |
|
Dollars |
|
16,674 |
|
13,827 |
|
|
77.755.610-k |
|
Comercial Patagona Ltda. |
|
Related to director |
|
Chile |
|
Chilean pesos |
|
— |
|
3,598 |
|
|
Foreign |
|
Servicios y Productos para Bebidas Refrescantes S.R.L. |
|
Shareholder |
|
Argentina |
|
Argentine pesos |
|
181,414 |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
5,370,232 |
|
5,788,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11.1.2Non-current:
|
Taxpayer ID |
|
Company |
|
Relationship |
|
Country |
|
Currency |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Chilean pesos |
|
156,492 |
|
147,682 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
156,492 |
|
147,682 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11.2.1Current:
|
Taxpayer ID |
|
Company |
|
Relationship |
|
Country of |
|
Currency |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
Foreign |
|
Recofarma do Industrias Amazonas Ltda, |
|
Related to Shareholder |
|
Brazil |
|
Brazilian real |
|
15,891,797 |
|
17,345,806 |
|
|
Foreign |
|
Servicio y Productos para Bebidas Refrescantes S.R.L. |
|
Shareholder |
|
Argentina |
|
Argentine pesos |
|
— |
|
10,275,931 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Chilean pesos |
|
12,458,055 |
|
7,284,499 |
|
|
Foreign |
|
Leão Alimentos e Bebidas Ltda. |
|
Associate |
|
Brazil |
|
Brazilian real |
|
2,539,052 |
|
3,571,514 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Chilean pesos |
|
2,807,572 |
|
5,338,180 |
|
|
89.996.200-1 |
|
Envases del Pacífico S.A. |
|
Related to director |
|
Chile |
|
Chilean pesos |
|
193,685 |
|
304,405 |
|
|
Foreign |
|
Alimentos de Soja S.A.U. |
|
Related to Shareholder |
|
Argentina |
|
Argentine pesos |
|
71,276 |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
33,961.437 |
|
44,120,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxpayer ID |
|
Company |
|
Relationship |
|
Country of |
|
Description of transaction |
|
Currency |
|
Cumulative |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Purchase of concentrates |
|
Chilean pesos |
|
140.609.445 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Purchase of advertising services |
|
Chilean pesos |
|
1.823.190 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Lease of water fountain |
|
Chilean pesos |
|
2.989.115 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Sale of raw materials and other |
|
Chilean pesos |
|
2.163.225 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Purchase of bottles |
|
Chilean pesos |
|
20.865.624 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Purchase of raw materials |
|
Chilean pesos |
|
12.617.540 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Purchase of caps |
|
Chilean pesos |
|
477.188 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Purchase services and others |
|
Chilean pesos |
|
357.456 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Sale services and others |
|
Chilean pesos |
|
14.944 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Purchase of packaging |
|
Chilean pesos |
|
2.960.894 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Sale of packaging and raw materials |
|
Chilean pesos |
|
2.942.690 |
|
|
96.891.720-K |
|
Embonor S.A. |
|
Related to Shareholder |
|
Chile |
|
Sale of finished products |
|
Chilean pesos |
|
42.561.124 |
|
|
96.517.310-2 |
|
Embotelladora Iquique S.A. |
|
Related to Shareholder |
|
Chile |
|
Sale of finished products |
|
Chilean pesos |
|
2.650.329 |
|
|
89.996.200-1 |
|
Envases del Pacífico S.A. |
|
Related to director |
|
Chile |
|
Purchase of raw materials and materials |
|
Chilean pesos |
|
1.676.013 |
|
|
94.627.000-8 |
|
Parque Arauco S.A. |
|
Related to director |
|
Chile |
|
Rent of spaces |
|
Chilean pesos |
|
90.032 |
|
|
99.279.000-8 |
|
Euroamerica Seguros de Vida S.A. |
|
Related to director |
|
Chile |
|
Purchase of insurance policies |
|
Chilean pesos |
|
312.231 |
|
|
Foreign |
|
Recofarma do Industrias Amazonas Ltda. |
|
Related to Shareholder |
|
Brazil |
|
Purchase of concentrates |
|
Chilean pesos |
|
196.738.018 |
|
|
Foreign |
|
Recofarma do Industrias Amazonas Ltda. |
|
Related to Shareholder |
|
Brazil |
|
Refund and other purchases |
|
Chilean pesos |
|
5.099.040 |
|
|
Foreign |
|
Servicio y Productos para Bebidas Refrescantes S.R.L. |
|
Shareholder |
|
Argentina |
|
Purchase of concentrates |
|
Argentine pesos |
|
272.541.272 |
|
|
Foreign |
|
Servicio y Productos para Bebidas Refrescantes S.R.L. |
|
Shareholder |
|
Argentina |
|
Advertising participation payment |
|
Argentine pesos |
|
12.584.231 |
|
|
Foreign |
|
KAIK Participações |
|
Associate |
|
Brazil |
|
Refund and other purchases |
|
Brazilian real |
|
6.614 |
|
|
Foreign |
|
Leão Alimentos e Bebidas Ltda. |
|
Associate |
|
Brazil |
|
Purchase of products |
|
Brazilian real |
|
104.103 |
|
|
Foreign |
|
Coca-Cola Peru |
|
Related to Shareholder |
|
Peru |
|
Purchase of concentrate and marketing recovery |
|
U.S. dollar |
|
7.147.534 |
|
|
Foreign |
|
Sorocaba Refrescos S.A. |
|
Associate |
|
Brazil |
|
Purchase of products |
|
Brazilian real |
|
574.881 |
|
|
89.862.200-2 |
|
Latam Airlines Group S.A. |
|
Related to director |
|
Chile |
|
Sale of products |
|
Chilean pesos |
|
652.588 |
|
|
76.572.588-7 |
|
Coca Cola Del Valle New Ventures SA |
|
Common Shareholder |
|
Chile |
|
Sale of services and others |
|
Chilean pesos |
|
1.444.162 |
|
|
Foreign |
|
Trop Frutas do Brasil Ltda. |
|
Associate |
|
Brazil |
|
Purchase of products |
|
Brazilian real |
|
317.565 |
|
|
Foreign |
|
Alimentos de Soja S.A.U. |
|
Related to Shareholder |
|
Argentina |
|
Payment of fees and services |
|
Argentine pesos |
|
538.546 |
|
|
Taxpayer ID |
|
Company |
|
Relationship |
|
Country |
|
Description of transaction |
|
Currency |
|
Cumulative |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Purchase of concentrate |
|
Chilean pesos |
|
129,660,611 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Purchase of advertising services |
|
Chilean pesos |
|
7,154,023 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Lease of water fountain |
|
Chilean pesos |
|
3,740,351 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Sale of services and others |
|
Chilean pesos |
|
2,299,634 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Purchase of bottles |
|
Chilean pesos |
|
34,144,348 |
|
|
76.572.588.7 |
|
Coca-Cola del Valle New Ventures S.A. |
|
Associate |
|
Chile |
|
Administrative and commercial services |
|
Chilean pesos |
|
180,000 |
|
|
96.891.720-K |
|
Embonor S.A. |
|
Associate |
|
Chile |
|
Sale of packaging materials |
|
Chilean pesos |
|
44,310,169 |
|
|
96.517.310-2 |
|
Embotelladora Iquique S.A. |
|
Related to Shareholder |
|
Chile |
|
Sale of finished products |
|
Chilean pesos |
|
2,749,506 |
|
|
Foreign |
|
Recofarma do Industrias Amazonas Ltda. |
|
Related to Shareholder |
|
Brazil |
|
Sale of finished products |
|
Chilean pesos |
|
115,706,386 |
|
|
Foreign |
|
Recofarma do Industrias Amazonas Ltda. |
|
Related to Shareholder |
|
Brazil |
|
Purchase of concentrates |
|
Brazilian real |
|
25,675,184 |
|
|
Foreign |
|
Leão Alimentos e Bebidas Ltda. |
|
Related to Shareholder |
|
Brazil |
|
Advertising participation payment |
|
Brazilian real |
|
11,658,142 |
|
|
Foreign |
|
Servicio y Productos para Bebidas Refrescantes S.R.L. |
|
Associate |
|
Argentina |
|
Purchase of concentrates |
|
Brazilian real |
|
114,427,713 |
|
|
Foreign |
|
Servicio y Productos para Bebidas Refrescantes S.R.L. |
|
Shareholder |
|
Argentina |
|
Purchase of concentrates |
|
Argentine pesos |
|
14,680,603 |
|
|
89.996.200-1 |
|
Envases del Pacífico S.A. |
|
Related to director |
|
Chile |
|
Advertising participation payment |
|
Argentine pesos |
|
1,751,011 |
|
|
Foreign |
|
Coca-Cola Peru |
|
Related to director |
|
Peru |
|
Purchase of raw materials |
|
Chilean pesos |
|
4,188,812 |
|
|
Taxpayer ID |
|
Company |
|
Relationship |
|
Country |
|
Description of transaction |
|
Currency |
|
Cumulative |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Purchase of concentrates |
|
Chilean pesos |
|
131,381,786 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Purchase of advertising services |
|
Chilean pesos |
|
4,510,007 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Lease of water fountain |
|
Chilean pesos |
|
3,065,143 |
|
|
96.714.870-9 |
|
Coca-Cola de Chile S.A. |
|
Shareholder |
|
Chile |
|
Sale of services and others |
|
Chilean pesos |
|
2,938,754 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Purchase of bottles |
|
Chilean pesos |
|
38,203,461 |
|
|
86.881.400-4 |
|
Envases CMF S.A. |
|
Associate |
|
Chile |
|
Sale of packaging materials |
|
Chilean pesos |
|
1,946,094 |
|
|
96.891.720-K |
|
Embonor S.A. |
|
Related to Shareholder |
|
Chile |
|
Sale of finished products |
|
Chilean pesos |
|
42,147,579 |
|
|
96.517.310-2 |
|
Embotelladora Iquique S.A. |
|
Related to Shareholder |
|
Chile |
|
Sale of finished products |
|
Chilean pesos |
|
2,888,054 |
|
|
Foreign |
|
Recofarma do Industrias Amazonas Ltda. |
|
Related to Shareholder |
|
Brazil |
|
Purchase of concentrates |
|
Brazilian real |
|
106,510,167 |
|
|
Foreign |
|
Recofarma do Industrias Amazonas Ltda. |
|
Related to Shareholder |
|
Brazil |
|
Advertising participation payment |
|
Brazilian real |
|
19,953,118 |
|
|
Foreign |
|
Leao Alimentos e Bebidas Ltda. |
|
Associate |
|
Brazil |
|
Purchase of concentrates |
|
Brazilian real |
|
16,963,602 |
|
|
Foreign |
|
Servicio y Productos para Bebidas Refrescantes S.R.L. |
|
Shareholder |
|
Argentina |
|
Purchase of concentrates |
|
Argentine pesos |
|
145,188,901 |
|
|
Foreign |
|
Servicio y Productos para Bebidas Refrescantes S.R.L. |
|
Shareholder |
|
Argentina |
|
Advertising participation payment |
|
Argentine pesos |
|
20,555,307 |
|
|
89.996.200-1 |
|
Envases del Pacífico S.A. |
|
Related to director |
|
Chile |
|
Purchase of raw materials |
|
Chilean pesos |
|
1,662,803 |
|
|
Foreign |
|
Coca-Cola Perú |
|
Related to director |
|
Perú |
|
Sale of finished products |
|
Chilean pesos |
|
3,399,427 |
|
|
Foreign |
|
Sorocaba Refrescos S. A. |
|
Related to Shareholder |
|
Brazil |
|
Purchase of concentrates and advertising participation |
|
Brazilian real |
|
2,986,650 |
|
11.4Key management compensation
Salaries and benefits paid to the Company’s key management personnel including directors and managers are detailed as follows:
|
Description |
|
12.31.2017 |
|
12.31.2016 |
|
12.31.2015 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Executive wages, salaries and benefits |
|
6,454,846 |
|
6,255,806 |
|
6,412,238 |
|
|
Director allowances |
|
1,513,100 |
|
1,492,088 |
|
1,512,000 |
|
|
Termination of employment contracts benefits |
|
— |
|
79,027 |
|
192,920 |
|
|
Accrued benefit in last five years and paid during fiscal year |
|
334,477 |
|
314,288 |
|
257,683 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
8,302,423 |
|
8,141,209 |
|
8,374,841 |
|
|
|
|
|
|
|
|
|
|