NOTE 5 —OTHER CURRENT AND NON-CURRENT FINANCIAL ASSETS
Below are the financial instruments held by the Company other than cash and cash equivalents. They consist of time deposits with short-term maturities (more than 90 days), restricted mutual funds and derivative contracts. Financial instruments are detailed as follows:
a)Current portion 2017
a.1 Time deposits
|
Placement |
|
Maturity |
|
Institution |
|
Currency |
|
Principal |
|
Annual rat |
|
12.31.2017 |
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
% |
|
ThCh$ |
|
|
08-09-2017 |
|
02-12-2018 |
|
Banco Santander - Chile |
|
Unidad de fomento |
|
7,000,000 |
|
1.04 |
% |
7,082,167 |
|
|
09-25-2017 |
|
02-26-2018 |
|
BCI |
|
Unidad de fomento |
|
1,500,000 |
|
1.36 |
% |
1,516,454 |
|
|
09-25-2017 |
|
05-28-2018 |
|
Banco Santander - Chile |
|
Unidad de fomento |
|
5,000,000 |
|
0.94 |
% |
5,049,376 |
|
|
06-13-2017 |
|
03-15-2018 |
|
Vatorantim |
|
Brazilian reais |
|
20,013 |
|
8.82 |
% |
21,145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
|
|
|
|
|
|
|
|
|
|
13,669,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
a.2 Rights in Forward Contracts |
|
|
|
||||||||||
|
|
|
|
|
||||||||||
|
Rights in Forward Contracts — Forward (see details in Note 20) |
|
469,019 |
|
||||||||||
|
|
|
|
|
||||||||||
|
Subtotal |
|
469,019 |
|
||||||||||
|
|
|
|
|
||||||||||
|
Total other Financial Assets, current |
|
14,138,161 |
|
||||||||||
|
|
|
|
|
||||||||||
b)Non-current 2017
b.1 Rights in forward contracts
|
|
|
12.31.2017 |
|
|
|
|
ThCh$ |
|
|
|
|
|
|
|
Rights in forward contracts (see note 20) |
|
61,898,833 |
|
|
|
|
|
|
|
Sub total |
|
61,898,833 |
|
|
|
|
|
|
F -
b.2 Rights in other companies
|
|
|
12.31.2017 |
|
|
|
|
ThCh$ |
|
|
Rights in Ades (*) manufacturing companies |
|
14,153,111 |
|
|
Increase (decrease) in foreign currency exchange |
|
(1,792,859 |
) |
|
Subtotal |
|
12,360,252 |
|
|
Total Other Financial Assets, non-current |
|
74,259,085 |
|
(*) On December 27, 2016, Coca-Cola Andina confirmed to The Coca-Cola Company its decision to participate in the “AdeS” business and commercialize said products in all its franchise territories, As a result, the operation materialized on March 28, 2017, and pursuant to the agreements, implied a disbursement of US$39 million, ThCh$14,153,111 were allocated to the purchase of rights in the manufacturing company “AdeS” and ThCh$11,923,449 were allocated to distribution rights of the “AdeS” products. The rights in the acquired companies are distributed as follows:
|
· |
Purchase of 13.0% interest in the Argentine company Alimentos de Soya S.A. for ThCh$9,661,283. |
|
· |
Purchase of 8.5% interest in the Brazilian company UBI 3 Participações Ltda. for ThCh$4,491,828. |
a)Current portion 2016
a. 1 Time deposits
|
Placement |
|
Maturity |
|
Institution |
|
Currency |
|
Principal |
|
Annual rate |
|
12.31.2016 |
|
|
|
|
|
|
|
|
|
|
ThCh$ |
|
% |
|
ThCh$ |
|
|
01-15-2016 |
|
01-04-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
5,000,000 |
|
1.35 |
% |
5,207,907 |
|
|
02-25-2016 |
|
01-09-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
6,000,000 |
|
1.09 |
% |
6,209,086 |
|
|
04-22-2016 |
|
02-13-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
5,000,000 |
|
1.25 |
% |
5,135,282 |
|
|
06-24-2016 |
|
01-09-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
5,000,000 |
|
1.11 |
% |
5,088,450 |
|
|
08-31-2016 |
|
01-09-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
7,000,000 |
|
1.50 |
% |
7,072,864 |
|
|
08-31-2016 |
|
01-09-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
3,000,000 |
|
1.24 |
% |
3,028,570 |
|
|
10-19-2016 |
|
02-24-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
2,000,000 |
|
2.30 |
% |
2,017,503 |
|
|
11-09-2016 |
|
02-13-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
5,000,000 |
|
3.48 |
% |
5,038,755 |
|
|
11-24-2016 |
|
05-08-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
10,000,000 |
|
2.85 |
% |
10,046,439 |
|
|
11-24-2016 |
|
05-08-2017 |
|
Banco HSBC - Chile |
|
Unidad de fomento |
|
5,000,000 |
|
2.85 |
% |
5,023,219 |
|
|
03-15-2016 |
|
03-15-2017 |
|
Banco Votoratim - Brazil |
|
Brazilian reais |
|
19,926 |
|
8.82 |
% |
21,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
|
|
|
|
|
|
|
|
|
|
53,889,707 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a.2 Rights in Forward Contracts |
|
|
|
||||||||||
|
Rights in Forward Contracts (see details in Note 20) |
|
4,678,343 |
|
||||||||||
|
|
|
|
|
||||||||||
|
a.3 Funds in Guaranty |
|
|
|
||||||||||
|
Funds in guaranty for Rofex derivative operations — Argentina (1) |
|
1,584,577 |
|
||||||||||
|
|
|
|
|
||||||||||
|
Total other Financial Assets, current |
|
60,152,627 |
|
||||||||||
|
|
|
|
|
||||||||||
(1) Corresponds to funds that must be restricted in accordance with the partial results of derivative operations in Argentina.
b)Non-current portion 2016
|
|
|
12.31.2016 |
|
|
|
|
ThCh$ |
|
|
Derivative futures contracts |
|
|
|
|
Derivative futures contracts (see note 20) |
|
80,180,880 |
|
|
|
|
|
|
|
Total other non-current financial assets |
|
80,180,880 |
|
|
|
|
|
|