NOTE 17 — CURRENT AND NON-CURRENT PROVISIONS
17.1Balances
This account is detailed as follows:
|
Description |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
Litigation (1) |
|
65,624,166 |
|
73,081,893 |
|
|
|
|
|
|
|
|
|
Total |
|
65,624,166 |
|
73,081,893 |
|
|
|
|
|
|
|
|
|
(1) |
Corresponds to the provision for probable fiscal, labor and trade contingency losses based on the opinion of our legal advisors, detailed as follows: |
|
Detail (see note 21.1) |
|
12.31.2017 |
|
12.31.2016 |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
|
|
|
|
|
|
|
|
Tax Contingencies |
|
49,185,234 |
|
63,543,782 |
|
|
Labor Contingencies |
|
10,468,704 |
|
7,940,428 |
|
|
Civil Contingencies |
|
5,970,228 |
|
1,597,683 |
|
|
|
|
|
|
|
|
|
Total |
|
65,624,166 |
|
73,081,893 |
|
|
|
|
|
|
|
|
Movement of provisions is detailed as follows:
|
|
|
12.31.2017 |
|
12.31.2016 |
|
||||||||
|
Description |
|
Litigation |
|
Others |
|
Total |
|
Litigation |
|
Others |
|
Total |
|
|
|
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
ThCh$ |
|
|
Opening Balance as of January 01 |
|
73,081,893 |
|
— |
|
73,081,893 |
|
64,301,817 |
|
— |
|
64,301,817 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional provisions |
|
2,493,968 |
|
— |
|
2,493,968 |
|
1,047,308 |
|
— |
|
1,047,308 |
|
|
Increase (decrease) in existing provisions |
|
(19,083,499 |
) |
— |
|
(19,083,499 |
) |
(1,519,800 |
) |
— |
|
(1,519,800 |
) |
|
Payments |
|
22,985,793 |
|
— |
|
22,985,793 |
|
4,276,851 |
|
— |
|
4,276,851 |
|
|
Reverse unused provision (*) |
|
(6,769,384 |
) |
— |
|
(6,769,384 |
) |
(2,774,703 |
) |
— |
|
(2,774,703 |
) |
|
Increase (decrease) due to foreign exchange differences |
|
(7,084,605 |
) |
— |
|
(7,084,605 |
) |
7,750,420 |
|
— |
|
7,750,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
65,624,166 |
|
— |
|
65,624,166 |
|
73,081,893 |
|
— |
|
73,081,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(*) During the years 2017 and 2016 there has been a reversal of provisions amounting to Th$6,769,384 and Th$2,774,703, respectively, which resulted from fines demanded by the Brazilian Treasury on the use of IPI tax credits in the Free Zone of Manaus, because of favorable rulings on the subject for Rio de Janeiro Refrescos Ltda. from the Superior Chamber of Fiscal Resources (CSRF).