CONCHA Y TORO WINERY INC | CIK:0000930543 | 3

  • Filed: 4/27/2018
  • Entity registrant name: CONCHA Y TORO WINERY INC (CIK: 0000930543)
  • Generator: QXi
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/930543/000101905618000569/0001019056-18-000569-index.htm
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    • ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory

      - On November 14, 2012 the Company issued bonds for a total of UF 1,500,000 corresponding to the F series issued by the Viña Concha y Toro S.A. with a charge to the line of bonds registered in the Securities Register of the SVS under number 574 dated March 23, 2009.

    The bonds issued indicated above was performed as per the following detail:

      - UF 1,500,000 placed with charge to F Series, at a term of 6 years amortizable on a semi-annual basis with three-year grace period. The issuance effective rate is UF + 3.63%.

     

      - On September 11, 2014, the Company issued bonds for a total of UF 2,000,000 corresponding to the J and K series issued by the Viña Concha y Toro S.A. with charge to the line of bonds registered in the Securities Register of the SVS under number 575 dated March 23, 2009.

    The bonds issued indicated above was performed as per the following detail:

      - UF 1,000,000 placed with charge to Series J, at a term of 6 years amortizable on a semi-annual basis with 3-yeare grace period. The issuance effective rate is UF + 2.18%, and,

     

      - UF 1,000,000 placed with charge to K Series, at a term of 24 years amortizable on a semi-annual basis with 10-yeare grace period. The issuance effective rate is UF + 3.49%.

     

      - On November 3, 2016, the Company issued bonds for a total of UF 2,000,000 corresponding to the N series issued by the Viña Concha y Toro S.A. with charge to the line of bonds registered in the Securities Register of the SVS under number 841 dated October 12, 2016.

    The bonds issued indicated above was realized as per the following detail:

      - UF 2,000,000 placed with charge to Series N, at a term of 25 years amortizable on a semi-annual basis with 20-year grace period. The issuance effective rate is UF + 2.69%.

    Bonds payable and promissory notes are detailed as follows:

     

      a) Bonds payable and promissory notes, current as of December 31, 2017

     

                                                Maturities        
    Debtor entity
    Tax ID No.    		   Name of debtor entity   Country of the debtor company   Tax ID No. of creditor entity   Name of creditor entity   Country of creditor company   Type of currency or adjustment unit   Type of amortization     Effective rate     Nominal rate     Up to 90 days
    ThCh$    		     90 days to 1 year
    ThCh$    		     Total
    ThCh$    		  
    90.227.000-0   Viña Concha y Toro S.A.   Chile    97.004.000-5   Banco de
    Chile    		    Chile    U.F.      Semiannual       3.78 %     3.50 %     6,770,141       6,699,548       13,469,689  
    90.227.000-0   Viña Concha y
    Toro S.A.    		   Chile    97.004.000-5   Banco de
    Chile    		    Chile    U.F.      Semiannual       2.29 %     2.50 %     9,152,339       —       9,152,339  
    90.227.000-0   Viña Concha y Toro S.A.   Chile    97.004.000-5   Banco de Chile    Chile    U.F.      Semiannual       3.53 %     3.30 %     289,152       —       289,152  
    90.227.000-0   Viña Concha y Toro S.A.   Chile    97.080.000-k   Banco Bice    Chile    U.F.      Semiannual       2.75 %     2.40 %     233,548       —       233,548  
    Total                 16,445,180       6,699,548       23,144,728  

     

      b) Bonds payable and promissory notes, non-current as of December 31, 2017

     

                                                Maturities        
    Debtor entity Tax ID No.   Name of debtor entity   Country of the debtor company   Tax ID No. of creditor entity   Name of creditor entity   Country of creditor company   Type of currency or adjustment unit   Type of amortization     Effective rate     Nominal rate     1 to 2 years
    ThCh$    		     2 to 3 years
    ThCh$    		     3 to 4 years
    ThCh$    		     4 to 5 years
    ThCh$    		     Over 5 years
    ThCh$    		     Total
    ThCh$    		  
    90.227.000-0   Viña Concha y
    Toro S.A.    		   Chile   97.004.000-5   Banco de
    Chile    		   Chile   U.F.     Semiannual       3.78 %     3.50 %     —       —       —       —       —       —  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.004.000-5   Banco de Chile   Chile   U.F.     Semiannual       2.29 %     2.50 %     8,932,710       8,932,720       —       —       —       17,865,430  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.004.000-5   Banco de Chile   Chile   U.F.     Semiannual       3.53 %     3.30 %     —       —       —       —       26,798,140       26,798,140  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.080.000-k   Banco Bice   Chile   U.F.     Semiannual       2.75 %     2.40 %     —       —       —       —       53,596,280       53,596,280  
    Total               8,932,710       8,932,720       —       —       80,394,420       98,259,850  

     

      c) Bonds payable and promissory notes, current as of December 31, 2016

     

                                                Maturities        
    Debtor entity
    Tax ID No.    		   Name of debtor entity   Country of the debtor company   Tax ID No. of creditor entity   Name of creditor entity   Country of creditor company   Type of currency or adjustment unit   Type of amortization     Effective rate     Nominal rate     Up to 90 days
    ThCh$    		     90 days to 1 year
    ThCh$    		     Total
    ThCh$    		  
    90.227.000-0   Viña Concha y
    Toro S.A.    		   Chile   97.004.000-5    Banco de
    Chile    		   Chile   U.F.     Semiannual       3.78 %     3.50 %     6,725,836       6,586,992       13,312,828  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.004.000-5    Banco de Chile   Chile   U.F.     Semiannual       2.29 %     2.50 %     215,940               215,940  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.004.000-5    Banco de Chile   Chile   U.F.     Semiannual       3.53 %     3.30 %     284,295               284,295  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.080.000-k    Banco Bice   Chile   U.F.     Semiannual       2.75 %     2.40 %     229,625               229,625  
    Total               7,455,696       6,586,992       14,042,688  

      

      d) Bonds payable and promissory notes, non-current as of December 31, 2016

                                                Maturities        
    Debtor entity
    Tax ID No.    		   Name of
    debtor entity    		   Country
    of the
    debtor
    company    		   Tax ID No.
    of creditor
    entity    		   Name of
    creditor
    entity    		   Country
    of
    creditor
    company    		   Type of
    currency
    or
    adjustment
    unit    		   Type of
    amortization    		     Effective
    rate    		     Nominal
    rate    		     1 to 2
    years
    ThCh$    		     2 to 3
    years
    ThCh$    		     3 to 4
    years
    ThCh$    		     4 to 5
    years
    ThCh$    		     Over 5
    years
    ThCh$    		     Total
    ThCh$    		  
    90.227.000-0   Viña Concha y
    Toro S.A.    		   Chile   97.004.000-5   Banco de
    Chile    		   Chile   U.F.     Semiannual       3.78 %     3.50 %     13,174,001       —       —       —       —       13,174,001  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.004.000-5   Banco de Chile   Chile   U.F.     Semiannual       2.29 %     2.50 %     —       8,782,657       8,782,656       8,782,666       —       26,347,979  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.004.000-5   Banco de Chile   Chile   U.F.     Semiannual       3.53 %     3.30 %     —       —       —       —       26,347,980       26,347,980  
    90.227.000-0   Viña Concha y Toro S.A.   Chile   97.080.000-k   Banco Bice   Chile   U.F.     Semiannual       2.75 %     2.40 %     —       —       —       —       52,695,960       52,695,960  
    Total             13,174,001       8,782,657       8,782,656       8,782,666       79,043,940       118,565,920  

    Bonds payable and promissory notes correspond to the issuance in Chile of Bonds in UF. These are presented valued at the principal value plus accrued interests at year-end.

     

      e) Issuance Expenses and Placement of equity and debt securities

     

    Issuance expenses net of amortization as of December 31, 2017 and 2016 amount to ThCh$986,910 and ThCh$1,097,113, respectively. In addition, as issuance expenses all disbursements due to reports of Risk Rating Agencies, legal and financial advisories, taxes, printing house and placement commissions are included.

    As of December 31, 2017 and 2016, the amortization amounts to ThCh$124,161 and ThCh$109,192, respectively.