Disclosure of leases [text block] | N Right of use assets The net book value of lands, buildings, machinery, fixtures and accessories, and other property, pl Land and Machinery Fixtures, Total ThCh$ ThCh$ ThCh$ ThCh$ As of January 1, 2021 Historic cost 29,484,749 5,304,754 2,793,335 37,582,838 Accumulated depreciation (8,560,526) (2,695,706) (1,247,254) (12,503,486) Book Value 20,924,223 2,609,048 1,546,081 25,079,352 Additions 4,918,674 2,381,913 169,190 7,469,777 Conversion effect historic cost (52,237) (95,815) 7,663 (140,389) Depreciation (*) (4,592,067) (2,382,409) (508,915) (7,483,391) Conversion effect depreciation 37,941 49,777 (15,418) 72,300 Others increase (decreased) (1) 1,669,916 1,724,214 (55,796) 3,338,334 Derecognition of assets due to right of use - - (545,706) (545,706) Depreciation of disposals of assets for right of use - - 545,706 545,706 Changes 1,982,227 1,677,680 (403,276) 3,256,631 Book Value 22,906,450 4,286,728 1,142,805 28,335,983 As of January 1, 2022 Historic cost 34,402,173 10,411,400 1,568,746 46,382,319 Accumulated depreciation (11,495,723) (6,124,672) (425,941) (18,046,336) Book Value 22,906,450 4,286,728 1,142,805 28,335,983 As of December 31, 2022 Additions 9,079,630 319,036 2,694,578 12,093,244 Conversion effect historic cost (1,815,774) (2,671,663) 31,082 (4,456,355) Depreciation (*) (6,777,557) (1,878,504) (1,033,172) (9,689,233) Conversion effect depreciation 1,059,617 1,514,005 (5,959) 2,567,663 Others increase (decreased) (1) 4,935,759 1,203,792 585,120 6,724,671 Derecognition of assets due to right of use (977,851) - - (977,851) Depreciation of disposals of assets for right of use 267,849 - - 267,849 Changes 5,771,673 (1,513,334) 2,271,649 6,529,988 Book Value 28,678,123 2,773,394 3,414,454 34,865,971 As of December 31, 2022 Historic cost 44,902,809 8,686,624 5,697,398 59,286,831 Accumulated depreciation (16,224,686) (5,913,230) (2,282,944) (24,420,860) Book Value 28,678,123 2,773,394 3,414,454 34,865,971 (1) It corresponds mainly to the financial effect of the application of IAS 29 “Financial Information in Hyperinflationary Economies. (*) This amount includes ThCh$ 854,477 ( ThCh $ 702,895 as of December 31, 2021) for depreciation activated by agricultural assets, associated to the cost of sale of wine. Lease liabilities Lease libialities that accrue interest classified by type of obligation and by their classification in the Consolidated Statement of Financial Position are the following: As of December 31, 2022 As of December 31, 2021 Current Non-current Current Non-current ThCh$ ThCh$ ThCh$ ThCh$ Leases liabilities (1) 9,120,616 31,306,552 6,152,361 29,009,023 Total 9,120,616 31,306,552 6,152,361 29,009,023 (1) See Note 5 - Risk administration, The most significant financial lease agreements are as follows: CCU S.A. In December, 2004, the Company sold a piece of land previously classified as investment property. As part of the transaction, the Company leased eleven floors of a building under construction on the mentioned piece of land. The building was completed during 2007, and on June 28, 2007, the Company entered into a 25-years lease agreement with Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A., for a total amount of UF 688,635,63 with an annual interest rate of 7.07%. The current value of the agreement amounted to ThCh$ 10,403,632 as of December 31, 2007. The agreement also grants CCU the right or option to acquire the assets contained in the agreement (real estate, furniture and facilities) as from month 68 of the lease. The lease rentals committed are according to the conditions prevailing in the market. At the time of sale, the Company recognized ThCh$ 3,108,950 as a gain for the building portion not leased by the Company and ThCh$ 2,276,677 as a liability that was deferred until completion of the building . On February 28, 2018, the Company carried out an amendment to the contract with Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A., recording a balance debt of UF 608,375, with 2.59% annual interest and maturity on February 5, 2048. The book value, nominal value, and interest rates of these lease liabilities are as follows: Current lease liab il As of December 31, 2022 Lease liabilities at book value: Maturity (*) Debtor Tax ID Company Debtor Lending Creditor name Creditor Currency 0 to 3 months 3 months to 1 Total Type of Interest ThCh$ ThCh$ ThCh$ (%) Lease liabilities 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 44,036 133,285 177,321 Monthly 2.14 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 128,118 391,120 519,238 Monthly 3.95 Subtotal 172,154 524,405 696,559 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 174,057 182,644 356,701 Monthly 4.40 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile Euros 28,744 28,744 57,488 Monthly 1.48 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 1,700,536 4,205,015 5,905,551 Monthly 2.17 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 197,018 898,826 1,095,844 Monthly 3.95 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 40,403 120,954 161,357 Monthly 27.44 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 186,839 551,073 737,912 Monthly 41.25 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 27,301 81,903 109,204 Monthly 0.84 Subtotal (leases IFRS ) 2,354,898 6,069,159 8,424,057 Total 2,527,052 6,593,564 9,120,616 (*) The amount based on the undiscounted contractual flows is found in Note 5 – Risk administration Lease liabilities at nom l v Maturity Debtor Tax ID Company Debtor Lending party Creditor name Creditor Currency 0 to 3 months 3 months to 1 year Total Type of ThCh$ ThCh$ ThCh$ Lease liabilities 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 47,962 142,954 190,916 Monthly 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 304,093 912,278 1,216,371 Monthly Subtotal 352,055 1,055,232 1,407,287 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 166,793 193,421 360,214 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile Euros 29,691 29,691 59,382 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 1,738,738 4,341,637 6,080,375 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 226,897 983,751 1,210,648 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 70,951 212,358 283,309 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 222,679 656,715 879,394 Monthly 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 32,678 98,035 130,713 Monthly Subtotal (leases IFRS ) 2,488,427 6,515,608 9,004,035 Total 2,840,482 7,570,840 10,411,322 As of December 31, 2021 Lease liabilities at book value: Maturity (*) Debtor Tax ID Company Debtor Lending Creditor name Creditor Currency 0 to 3 months 3 months to 1 Total Type of Interest ThCh$ ThCh$ ThCh$ (%) Financial leases obligations 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 39,035 119,031 158,066 Monthly 2.14 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 109,227 333,423 442,650 Monthly 3.95 Subtotal 148,262 452,454 600,716 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 252,247 413,615 665,862 Monthly 4.01 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile Euros 29,985 89,956 119,941 Monthly 1.48 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 651,005 1,876,663 2,527,668 Monthly 1.28 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 163,500 490,494 653,994 Monthly 3.84 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 42,018 116,631 158,649 Monthly 56.00 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 331,849 995,551 1,327,400 Monthly 10.00 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 27,294 70,837 98,131 Monthly 10.02 Subtotal (leases IFRS ) 1,497,898 4,053,747 5,551,645 Total 1,646,160 4,506,201 6,152,361 (*) The amount based on the undiscounted contractual flows is fo d i Note 5 – Risk adminis tr Lease liabilities at nominal value: Maturity Debtor Tax ID Company Debtor Lending party Creditor name Creditor Currency 0 to 3 months 3 months to 1 year Total Type of ThCh$ ThCh$ ThCh$ Financial leases obligations 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 44,628 132,494 177,122 Monthly 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 255,151 765,452 1,020,603 Monthly Subtotal 299,779 897,946 1,197,725 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 300,411 481,610 782,021 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile Euros 30,978 92,933 123,911 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 636,959 1,843,058 2,480,017 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 193,593 580,778 774,371 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 78,072 215,497 293,569 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 394,253 1,183,604 1,577,857 Monthly 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 25,556 76,668 102,224 Monthly Subtotal (leases IFRS ) 1,659,822 4,474,148 6,133,970 Total 1,959,601 5,372,094 7,331,695 Non-current lease liabilities As of December 31, 2022 Lease liabilities at book value: Maturity (*) Debtor Tax ID Company Debtor Lending Creditor name Creditor Currency Over 1 year Over 3 years Over 5 years Total Type of Interest ThCh$ ThCh$ ThCh$ ThCh$ (%) Lease liabilities 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 170,055 52,636 - 222,691 Monthly 2.14 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 1,094,619 1,174,581 18,104,273 20,373,473 Monthly 3.95 Subtotal 1,264,674 1,227,217 18,104,273 20,596,164 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 30,814 - - 30,814 Monthly 4.40 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 6,590,796 1,694,284 59,998 8,345,078 Monthly 2.17 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 539,308 203,634 875,659 1,618,601 Monthly 3.95 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 132,171 - - 132,171 Monthly 23.59 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 427,261 - - 427,261 Monthly 31.26 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 137,381 19,082 - 156,463 Monthly 0.84 Subtotal (leases IFRS ) 7,857,731 1,917,000 935,657 10,710,388 Total 9,122,405 3,144,217 19,039,930 31,306,552 (*) The amount based on the undiscounted contractual flows is found in Note 5 – Risk administration Lease liabilities at nominal value: Maturity Debtor Tax ID Company Debtor Lending Creditor name Creditor Currency Over 1 year to Over 3 years Over 5 years Total Type of ThCh$ ThCh$ ThCh$ ThCh$ Lease liabilities 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 183,093 53,801 - 236,894 Monthly 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 2,432,740 2,432,740 24,530,137 29,395,617 Monthly Subtotal 2,615,833 2,486,541 24,530,137 29,632,511 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 44,116 - - 44,116 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 6,874,065 1,807,266 68,691 8,750,022 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 659,316 307,154 1,366,483 2,332,953 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 201,342 - - 201,342 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 516,106 - - 516,106 Monthly 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 168,047 24,299 - 192,346 Monthly Subtotal (leases IFRS ) 8,462,992 2,138,719 1,435,174 12,036,885 Total 11,078,825 4,625,260 25,965,311 41,669,396 As of December 31, 2021 Lease liabilities at book value: Maturity (*) Debtor Tax Company Debtor Lending Creditor name Creditor Currency Over 1 year Over 3 years Over 5 years Total Type of Interest ThCh$ ThCh$ ThCh$ ThCh$ (%) Financial leases obligations 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 261,722 119,659 - 381,381 Monthly 2.14 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 932,941 1,000,792 16,507,833 18,441,566 Monthly 3.95 Subtotal 1,194,663 1,120,451 16,507,833 18,822,947 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 277,646 - - 277,646 Monthly 4.01 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile Euros 59,971 - - 59,971 Monthly 1.48 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 3,337,057 925,258 278,559 4,540,874 Monthly 1.28 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 998,760 447,091 1,461,761 2,907,612 Monthly 3.84 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 217,856 - - 217,856 Monthly 56.00 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 1,994,342 - - 1,994,342 Monthly 10.00 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 144,630 43,145 - 187,775 Monthly 10.02 Subtotal (leases IFRS ) 7,030,262 1,415,494 1,740,320 10,186,076 Total 8,224,925 2,535,945 18,248,153 29,009,023 (*) The amount based on the undiscounted contractual flows is found in Note 5 – Risk administration Lease liabilities at nominal value: Maturity (*) Debtor Tax Company Debtor Lending Creditor name Creditor Currency Over 1 year to 3 Over 3 years Over 5 years Total Type of ThCh$ ThCh$ ThCh$ ThCh$ Financial leases obligations 79,862,750-3 Transportes CCU Limitada Chile 97,030,000-7 Banco del Estado de Chile Chile UF 283,368 125,536 - 408,904 Monthly 90,413,000-1 Compañía Cervecerías Unidas S.A. Chile 99,012,000-5 Consorcio Nacional de Seguros S.A. Chile UF 2,041,204 2,041,204 21,602,745 25,685,153 Monthly Subtotal 2,324,572 2,166,740 21,602,745 26,094,057 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile CLP 373,997 - - 373,997 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile Euros 72,281 - - 72,281 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile UF 3,369,640 1,079,613 365,886 4,815,139 Monthly 0-E CCU and subsidiaries Chile - Suppliers of PPE Chile USD 1,229,739 624,745 2,233,383 4,087,867 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina ARS 360,458 - - 360,458 Monthly 0-E CCU and subsidiaries Argentina - Suppliers of PPE Argentina USD 2,396,449 - - 2,396,449 Monthly 0-E CCU and subsidiaries Uruguay - Suppliers of PPE Uruguay UYU 182,897 56,358 - 239,255 Monthly Subtotal (leases IFRS ) 7,985,461 1,760,716 2,599,269 12,345,446 Total 10,310,033 3,927,456 24,202,014 38,439,503 Below is the detail of future payments and the value of lease liabilities: As of December 31, 2022 Gross Amount Interest Value ThCh$ ThCh$ ThCh$ 0 to 3 months 2,840,482 313,430 2,527,052 3 months to 1 year 7,570,840 977,276 6,593,564 Over 1 year to 3 years 11,078,825 1,956,420 9,122,405 Over 3 years to 5 years 4,625,260 1,481,043 3,144,217 Over 5 years 25,965,311 6,925,381 19,039,930 Total 52,080,718 11,653,550 40,427,168 As of December 31, 2021 Gross Amount Interest Value ThCh$ ThCh$ ThCh$ 0 to 3 months 1,959,601 313,441 1,646,160 3 months to 1 year 5,372,094 865,893 4,506,201 Over 1 year to 3 years 10,310,033 2,085,108 8,224,925 Over 3 years to 5 years 3,927,456 1,391,511 2,535,945 Over 5 years 24,202,014 5,953,861 18,248,153 Total 45,771,198 10,609,814 35,161,384 Reconciliation of liabilities arising from financing activities: As of Flows Accrual of Change in Increase Others As of Payments Acquisitions Principal Interest ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Other financial liabilities Current Bank borrowings 76,169,204 (73,375,368) (7,972,184) 46,843,478 14,857,608 28,076 - 78,186,302 134,737,116 Bond payable 8,087,630 (5,975,742) (18,250,558) - 26,872,771 1,559,386 - 18,577,599 30,871,086 Lease liabilities 6,152,361 (9,663,757) (1,792,084) - 1,721,895 1,093,203 4,796,273 6,812,725 9,120,616 Total others financial liabilities current 90,409,195 (89,014,867) (28,014,826) 46,843,478 43,452,274 2,680,665 4,796,273 103,576,626 174,728,818 Non-current Bank borrowings 114,492,596 - - 49,445,891 - 19,585 - (79,118,102) 84,839,970 Bond payable 339,740,414 - - 686,832,951 - 73,687,162 - (18,577,599) 1,081,682,928 Lease liabilities 29,009,023 - - - - 3,823,816 7,296,971 (8,823,258) 31,306,552 Total others financial liabilities non-current 483,242,033 - - 736,278,842 - 77,530,563 7,296,971 (106,518,959) 1,197,829,450 Total Other financial liabilities 573,651,228 (89,014,867) (28,014,826) 783,122,320 43,452,274 80,211,228 12,093,244 (2,942,333) 1,372,558,268 As of Flows Accrual of Change in Increase Others As of Payments Acquisitions Principal Interest ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Other financial liabilities Current Bank borrowings 37,754,705 (40,651,624) (5,617,084) 7,274,374 6,543,909 2,102,807 - 68,762,117 76,169,204 Bond payable 7,691,023 (5,399,347) (7,143,086) - 6,324,080 532,802 - 6,082,158 8,087,630 Lease liabilities 4,934,639 (7,630,800) (892,619) - 1,511,877 712,833 2,651,448 4,864,983 6,152,361 Total others financial liabilities current 50,380,367 (53,681,771) (13,652,789) 7,274,374 14,379,866 3,348,442 2,651,448 79,709,258 90,409,195 Non-current Bank borrowings 88,151,400 - - 92,951,539 - 35,046 - (66,645,389) 114,492,596 Bond payable 324,725,456 - - - - 21,146,340 - (6,131,382) 339,740,414 Lease liabilities 27,200,272 - - - - 2,014,722 5,117,917 (5,323,888) 29,009,023 Total others financial liabilities non-current 440,077,128 - - 92,951,539 - 23,196,108 5,117,917 (78,100,659) 483,242,033 Total Other financial liabilities 490,457,495 (53,681,771) (13,652,789) 100,225,913 14,379,866 26,544,550 7,769,365 1,608,599 573,651,228 As of December Flows Accrual of Change in Increase Others As of Payments Acquisitions Principal Interest ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ Other financial liabilities Current Bank borrowings 42,447,438 (90,753,059) (6,116,509) 72,550,018 6,383,609 (1,118,009) - 14,361,217 37,754,705 Bond payable 6,744,739 (5,203,248) (5,906,271) - 5,714,816 138,255 - 6,202,732 7,691,023 Lease liabilities 4,857,097 (6,857,420) (641,630) - 1,257,888 917,429 1,883,967 3,517,308 4,934,639 Total others financial liabilities current 54,049,274 (102,813,727) (12,664,410) 72,550,018 13,356,313 (62,325) 1,883,967 24,081,257 50,380,367 Non-current Bank borrowings 99,749,082 - - 5,559,469 - 307,292 - (17,464,443) 88,151,400 Bond payable 133,806,947 - - 191,227,020 - 5,894,221 - (6,202,732) 324,725,456 Lease liabilities 28,213,259 - - - - 479,576 3,083,854 (4,576,417) 27,200,272 Total others financial liabilities non-current 261,769,288 - - 196,786,489 - 6,681,089 3,083,854 (28,243,592) 440,077,128 Total Other financial liabilities 315,818,562 (102,813,727) (12,664,410) 269,336,507 13,356,313 6,618,764 4,967,821 (4,162,335) 490,457,495 |