| PROPERTY, PLANT AND EQUIPMENT |
11 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment at the close of each period is detailed as follows: | | | | | Property, plant and equipment, gross | | 12.31.2023 | | 12.31.2022 | | | ThCh$ | | ThCh$ | Construction in progress | | 96,126,388 | | 49,169,567 | Land | | 115,737,432 | | 104,906,878 | Buildings | | 356,340,587 | | 337,689,681 | Plant and equipment | | 709,047,901 | | 693,153,093 | Information technology equipment | | 35,069,078 | | 34,992,575 | Fixed installations and accessories | | 43,914,423 | | 69,798,556 | Vehicles | | 81,294,395 | | 75,759,020 | Leasehold improvements | | 420,586 | | 362,243 | Rights of use | | 100,265,151 | | 73,946,435 | Other properties, plant and equipment (1) | | 425,204,655 | | 448,561,681 | Total Property, plant and equipment, gross | | 1,963,420,596 | | 1,888,339,729 |
| | | | | Accumulated depreciation of Property, plant and equipment | | 12.31.2023 | | 12.31.2022 | | | ThCh$ | | ThCh$ | Buildings | | (130,708,389) | | (117,237,092) | Plant and equipment | | (494,072,229) | | (499,070,234) | Information technology equipment | | (25,646,570) | | (27,257,028) | Fixed installations and accessories | | (28,383,356) | | (44,057,493) | Vehicles | | (48,042,781) | | (44,600,066) | Leasehold improvements | | (351,552) | | (282,057) | Rights of use | | (66,973,796) | | (53,350,442) | Other properties, plant and equipment (1) | | (296,853,112) | | (304,264,058) | Total accumulated depreciation | | (1,091,031,785) | | (1,090,118,470) | Total Property, plant and equipment, net | | 872,388,811 | | 798,221,259 |
| (1) | The net balance of each of these categories is presented below: |
| | | | | Other Property, plant and equipment, net | | 12.31.2023 | | 12.31.2022 | | | ThCh$ | | ThCh$ | Bottles | | 43,683,655 | | 46,351,209 | Marketing and promotional assets (market assets) | | 72,164,433 | | 70,149,875 | Other Property, plant and equipment | | 12,503,455 | | 27,796,539 | Total | | 128,351,543 | | 144,297,623 |
11.1 Movements Movements in Property, plant and equipment are detailed as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fixed | | | | | | | | | | | | | | | | | | | | | | | facilities | | | | | | | | | | | | | | | | | | | | | IT | | and | | | | Leasehold | | | | | | Property, plant | | | Construction in | | | | | | Plant and | | equipment | | accessories, | | | | improvements, | | | | Rights-of-use, | | and equipment, | | | progress | | Land | | Buildings, net | | equipment, net | | net | | net | | Vehicles, net | | net | | Others | | net (1) | | net | | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | Opening balance at 01.01.2023 | | 49,169,567 | | 104,906,878 | | 220,452,589 | | 194,082,859 | | 7,735,547 | | 25,741,063 | | 31,158,954 | | 80,186 | | 144,297,623 | | 20,595,993 | | 798,221,259 | Additions | | 100,905,107 | | 11,316,009 | | 1,266,472 | | 37,341,985 | | 1,081,074 | | 6,248 | | 3,804,000 | | 22,935 | | 41,756,709 | | — | | 197,500,539 | Right-of use additions | | — | | — | | — | | — | | — | | — | | — | | — | | — | | 25,119,021 | | 25,119,021 | Disposals | | — | | — | | (6,707) | | (292,766) | | (1,365) | | — | | (42,333) | | — | | (1,431,798) | | (174,444) | | (1,949,413) | Transfers between items of Property, plant and equipment | | (57,285,699) | | — | | 9,985,619 | | 21,285,201 | | 2,279,728 | | 2,148,709 | | 2,511,373 | | — | | 18,399,131 | | 675,938 | | — | Right-of-use transfers | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | Depreciation expense | | — | | — | | (9,175,999) | | (29,999,476) | | (3,048,237) | | (1,903,192) | | (5,692,021) | | (46,176) | | (46,855,960) | | — | | (96,721,061) | Amortization | | — | | — | | — | | — | | — | | — | | — | | — | | — | | (11,005,033) | | (11,005,033) | Increase (decrease) due to foreign currency translation differences | | 95,202 | | (485,959) | | (4,295,531) | | (2,173,388) | | 311,883 | | (3,243,921) | | 898,032 | | 4,474 | | (16,326,501) | | 56,926 | | (25,158,783) | Other increase (decrease) (2) | | 3,242,211 | | 504 | | 7,405,755 | | (5,268,743) | | 1,063,878 | | (7,217,840) | | 613,609 | | 7,615 | | (11,487,661) | | (1,977,046) | | (13,617,718) | Total movements | | 46,956,821 | | 10,830,554 | | 5,179,609 | | 20,892,813 | | 1,686,961 | | (10,209,996) | | 2,092,660 | | (11,152) | | (15,946,080) | | 12,695,362 | | 74,167,552 | Ending balance al 12.31.2023 | | 96,126,388 | | 115,737,432 | | 225,632,198 | | 214,975,672 | | 9,422,508 | | 15,531,067 | | 33,251,614 | | 69,034 | | 128,351,543 | | 33,291,355 | | 872,388,811 |
| (1) | Right of use assets is composed as follows: |
| | | | | | | | | | | Accumulated | | | Right-of-use | | Gross asset | | depreciation | | Net asset | | | ThCh$ | | ThCh$ | | ThCh$ | Constructions and buildings | | 16,246,384 | | (6,883,481) | | 9,362,903 | Plant and Equipment | | 52,431,352 | | (35,679,624) | | 16,751,728 | IT equipment | | 1,155,261 | | (1,030,250) | | 125,011 | Motor vehicles | | 22,051,973 | | (15,132,557) | | 6,919,416 | Others | | 8,380,181 | | (8,247,884) | | 132,297 | Total | | 100,265,151 | | (66,973,796) | | 33,291,355 |
Lease liabilities interest expenses at the closing of the period reached ThCh$ 2,616,945 | (2) | Corresponds mainly to the effect of adopting IAS 29 in Argentina. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fixed | | | | | | | | | | | | | | | | | | | Plant and | | IT | | facilities and | | | | Leasehold | | | | | | Property, plant | | | Construction | | | | | | equipment, | | equipment, | | accessories, | | | | improvements, | | | | Rights-of-use, | | and equipment, | | | in progress | | Land | | Buildings, net | | net | | net | | net | | Vehicles, net | | net | | Others | | net (1) | | net | | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | Opening balance at 01.01.2022 | | 56,280,594 | | 101,286,107 | | 203,343,125 | | 169,651,555 | | 5,613,217 | | 23,099,121 | | 19,184,600 | | 113,289 | | 114,153,544 | | 23,653,975 | | 716,379,127 | Additions | | 75,269,957 | | — | | 867,990 | | 21,280,010 | | 922,233 | | 74,995 | | 636,420 | | 10,275 | | 68,730,337 | | — | | 167,792,217 | Right-of use additions | | — | | — | | — | | — | | — | | — | | — | | — | | — | | 5,883,061 | | 5,883,061 | Disposals | | (32,456) | | — | | (16,174) | | (538,429) | | (15,105) | | — | | (4,522) | | — | | (2,249,837) | | (67,398) | | (2,923,921) | Transfers between items of Property, plant and equipment | | (84,598,804) | | 159,232 | | 10,014,587 | | 33,485,897 | | 3,487,406 | | 3,384,472 | | 16,037,695 | | 51,403 | | 17,940,342 | | 37,770 | | — | Right-of-use transfers | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | Depreciation expense | | — | | — | | (8,477,029) | | (35,372,214) | | (2,641,086) | | (3,365,827) | | (5,524,208) | | (68,741) | | (49,526,391) | | — | | (104,975,496) | Amortization | | — | | — | | — | | — | | — | | — | | — | | — | | — | | (9,993,249) | | (9,993,249) | Increase (decrease) due to foreign currency translation differences | | 4,263,117 | | 3,461,539 | | 11,105,445 | | 7,324,221 | | 43,790 | | 1,282,713 | | 852,241 | | 10,324 | | 6,450,271 | | 1,235,657 | | 36,029,318 | Other increase (decrease) (2) | | (2,012,841) | | — | | 3,614,645 | | (1,748,181) | | 325,092 | | 1,265,589 | | (23,272) | | (36,364) | | (11,200,643) | | (153,823) | | (9,969,798) | Total movements | | (7,111,027) | | 3,620,771 | | 17,109,464 | | 24,431,304 | | 2,122,330 | | 2,641,942 | | 11,974,354 | | (33,103) | | 30,144,079 | | (3,057,982) | | 81,842,132 | Ending balance al 12.31.2022 | | 49,169,567 | | 104,906,878 | | 220,452,589 | | 194,082,859 | | 7,735,547 | | 25,741,063 | | 31,158,954 | | 80,186 | | 144,297,623 | | 20,595,993 | | 798,221,259 |
| (1) | Right of use assets is composed as follows: |
| | | | | | | | | | | Accumulated | | | Right-of-use | | Gross asset | | depreciation | | Net asset | | | ThCh$ | | ThCh$ | | ThCh$ | Constructions and buildings | | 6,694,251 | | (3,452,700) | | 3,241,551 | Plant and Equipment | | 47,377,683 | | (33,624,676) | | 13,753,007 | IT Equipment | | 1,214,851 | | (1,081,741) | | 133,110 | Motor vehicles | | 9,395,320 | | (6,066,615) | | 3,328,705 | Others | | 9,264,330 | | (9,124,710) | | 139,620 | Total | | 73,946,435 | | (53,350,442) | | 20,595,993 |
Lease liabilities interest expenses at the closing of the period reached ThCh$ 2,092,868. | (2) | Corresponds mainly to the effect of adopting IAS 29 in Argentina. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fixed facilities | | | | | | | | | | | | | | | | | | | Plant and | | IT | | and | | | | Leasehold | | | | | | Property, plant | | | Construction | | | | | | equipment, | | Equipment, | | accessories, | | | | improvements, | | | | Rights-of-use, | | and equipment, | | | in progress | | Land | | Buildings, net | | net | | net | | net | | Vehicles, net | | net | | Other, | | net(1) | | net | | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | | ThCh$ | Opening balance at 01.01.2021 | | 34,194,083 | | 94,321,726 | | 180,916,878 | | 145,790,203 | | 4,878,307 | | 17,647,892 | | 16,410,784 | | 59,142 | | 90,020,253 | | 21,337,277 | | 605,576,545 | Additions | | 61,100,226 | | — | | 3,708,881 | | 19,025,057 | | 1,428,080 | | 12,068 | | 171,420 | | 8,738 | | 47,426,736 | | — | | 132,881,206 | Right-of use additions | | — | | — | | — | | — | | — | | — | | — | | — | | — | | 9,070,997 | | 9,070,997 | Disposals | | (74,476) | | — | | (276,312) | | (277,845) | | (3,896) | | (11) | | (9,573) | | — | | (3,156,795) | | — | | (3,798,908) | Transfers between items of Property, plant and equipment | | (39,845,790) | | — | | 4,370,826 | | 21,182,049 | | 751,603 | | 606,279 | | 4,771,885 | | 88,345 | | 8,074,803 | | — | | — | Right-of-use transfers | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | Depreciation expense | | — | | — | | (7,862,888) | | (32,058,439) | | (2,219,235) | | (3,700,948) | | (4,054,092) | | (51,774) | | (43,651,397) | | — | | (93,598,773) | Amortization | | — | | — | | — | | — | | — | | — | | — | | — | | — | | (8,386,063) | | (8,386,063) | Increase (decrease) due to foreign currency translation differences | | 6,513,216 | | 6,964,382 | | 21,941,520 | | 23,364,406 | | 658,167 | | 3,080,061 | | 2,264,353 | | 8,840 | | 16,399,966 | | 1,759,346 | | 82,954,257 | Other increase (decrease) (2) | | (5,606,665) | | (1) | | 544,220 | | (7,373,876) | | 120,191 | | 5,453,780 | | (370,177) | | (2) | | (960,022) | | (127,582) | | (8,320,134) | Total movements | | 22,086,511 | | 6,964,381 | | 22,426,247 | | 23,861,352 | | 734,910 | | 5,451,229 | | 2,773,816 | | 54,147 | | 24,133,291 | | 2,316,698 | | 110,802,582 | Ending balance at 12.31. 2021 | | 56,280,594 | | 101,286,107 | | 203,343,125 | | 169,651,555 | | 5,613,217 | | 23,099,121 | | 19,184,600 | | 113,289 | | 114,153,544 | | 23,653,975 | | 716,379,127 |
(1) Right of use assets is composed as follows: | | | | | | | | | | | Accumulated | | | Right-of-use | | Gross asset | | depreciation | | Net asset | | | ThCh$ | | ThCh$ | | ThCh$ | Constructions and buildings | | 4,042,921 | | (2,140,590) | | 1,902,331 | Plant and Equipment | | 43,450,544 | | (27,325,328) | | 16,125,216 | IT Equipment | | 997,458 | | (750,993) | | 246,465 | Motor vehicles | | 12,171,762 | | (7,065,299) | | 5,106,463 | Others | | 8,954,143 | | (8,680,643) | | 273,500 | Total | | 69,616,828 | | (45,962,853) | | 23,653,975 |
Lease liabilities interest expense for the year ended December 31, 2021reached CLP 1,816,506 thousand. (2) Corresponds mainly to the effect of adopting IAS 29 in Argentina.
|