Equibles

6-K

ANDINA BOTTLING CO INC (AKO-A)

6-K 2025-02-10 For: 2025-02-10
View Original
Added on April 04, 2026

UNITED STATES

SECURITIES ANDEXCHANGE COMMISSION

WASHINGTON, D.C.20549

FORM 6-K

REPORT OF FOREIGNISSUER

PURSUANT TO RULE13a-16 OR 15b-16 OF

THE SECURITIESEXCHANGE ACT OF 1934

December 2024

Date of Report (Date of Earliest Event Reported)

EmbotelladoraAndina S.A.

(Exact name of registrant as specified in its charter)

Andina BottlingCompany, Inc.

(Translation of Registrant´s name into English)

Avda. Miraflores9153

Renca

Santiago, Chile

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ¨ No x

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨ No x

Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934

Yes ¨ No x

Consolidated Financial Statements
EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES
Santiago, Chile
December 31, 2024 and 2023

INDEPENDENT AUDITOR’S REPORT

Santiago, January 28, 2025

To the Shareholders and Directors

Embotelladora Andina S.A.

Opinion

We have audited the consolidated financial statements of Embotelladora Andina S.A. and subsidiaries, which comprise the consolidated statements of financial position as of December 31, 2024 and 2023, and the consolidated statements of income by function, comprehensive income, changes in equity and direct cash flows for the years then ended and the related notes thereto.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Embotelladora Andina S.A. and subsidiaries as of December 31, 2024 and 2023, the results of its operations and its cash flows for the years then ended, in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board.

Basis for anopinion

We conducted our audits in accordance with generally accepted auditing standards in Chile. Our responsibilities under those standards are described in the paragraphs under the section "Auditor's Responsibilities for the Audit of the Consolidated Financial Statements" in this report. According to the ethical requirements relevant to our audits of the consolidated financial statements, we are required to be independent of Embotelladora Andina S.A and subsidiaries and to comply with the other ethical responsibilities in accordance with such requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Management’sresponsibility for the consolidated financial statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board. This responsibility includes the design, implementation and maintenance of a relevant internal control for the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing and presenting the consolidated financial statements, Management is required to evaluate whether there are facts or circumstances that, taken as a whole, raise substantial doubt about the ability of Embotelladora Andina S.A. and subsidiaries to continue as a going concern for at least twelve months from the end of the reporting period, but not limited to that period.

Auditor’sresponsibility for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high, but not absolute, level of assurance and, therefore, does not guarantee that an audit performed in accordance with Generally Accepted Auditing Standards in Chile will always detect a material misstatement when it exists. The risk of not detecting a material misstatement due to fraud is greater than the risk of not detecting a material misstatement due to error, as fraud may involve collusion, forgery, intentional omissions, concealment, misrepresentations or disregard of controls by Management. A misstatement is considered material if, individually or in the aggregate, it would influence the judgment of a reasonable user based on these consolidated financial statements.

As part of an audit conducted in accordance with Generally Accepted Auditing Standards in Chile, we:

· Exercise<br> our professional judgment and maintain our professional skepticism throughout the audit.
· Identify<br> and assess the risks of material misstatement of the consolidated financial statements, whether<br> due to fraud or error, we design and perform audit procedures in response to those risks.<br> Such procedures include examining evidence, on a test basis, regarding the amounts and disclosures<br> in the consolidated financial statements.
· Obtain<br> an understanding of internal control relevant to an audit in order to design audit procedures<br> that are appropriate in the circumstances, but not for the purpose of expressing an opinion<br> on the effectiveness of Embotelladora Andina S.A and subsidiaries's internal control. Consequently,<br> we do not express such an opinion.
· We<br> assess the appropriateness of accounting policies used and the reasonableness of significant<br> accounting estimates made by Management, as well as assessing the appropriateness of the<br> overall presentation of the consolidated financial statements.
· We<br> conclude whether in our judgment there are facts or circumstances that, taken as a whole,<br> cast substantial doubt about the ability of Embotelladora Andina S.A and subsidiaries to<br> continue as a going concern for a reasonable period of time.

We are required to communicate to those charged with governance, among other matters, the planned timing and scope and the significant audit findings, including any significant deficiencies and material weaknesses in internal control that we identify during our audit.

Sergio Tubío L.

RUT: 21.175.581-4

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Financial Statements

at December 31, 2024 and 2023

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Financial Statements

I. Consolidated Statements of Financial Position 1
II. Consolidated Statements of Income by Function 3
III. Consolidated Statements of Comprehensive (Loss) Income 4
IV. Consolidated Statements of Changes in Equity 5
V. Consolidated Statements of Direct Cash Flows 6
VI. Notes to the Consolidated Financial Statements
1 –<br> Corporate information 7
--- ---
2 – Basis of preparation<br> of consolidated financial statements and application of accounting criteria 8
3 – financial reporting<br> by segment 27
4 – cash and cash<br> equivalents 30
5 – other current<br> and non-current financial assets 30
6 – other current<br> and non-current non-financial assets 31
7 – trade accounts<br> and other accounts receivable 32
8 – inventories 33
9 – tax assets and<br> liabilities 34
10 – income tax<br> expense, deferred taxes and other taxes 34
11 – property, plant<br> and equipment 37
12 – related parties 40
13 – current and<br> non-current employee benefits 42
14 – investments<br> in associates accounted for using the equity method 44
15 – intangible<br> assets other than goodwill 47
16 – goodwill 49
17 – other current<br> and non-current financial liabilities 49
18 – trade and other<br> accounts payable 60
19 – other provisions,<br> current and non-current 60
20 – other non-financial<br> liabilities 61
21 – equity 61
22 – derivative<br> assets and liabilities 65
23 – litigation<br> and contingencies 67
24 – financial risk<br> management 71
25 – expenses by<br> nature 75
26 – other income 75
27 – other expenses<br> by function 75
28 – financial income<br> and expenses 76
29 – other (losses)<br> gains 76
30 – exchange difference 76
31 – local and foreign<br> currency 77
32 – environment 81
33 – subsequent<br> events 81

Consolidated Financial Statements

EMBOTELLADORAANDINA S.A. AND SUBSIDIARIES

December 31, 2024 and 2023

EMBOTELLADORAANDINA S.A. AND SUBSIDIARIES

ConsolidatedStatements of Financial Position

as of December 31,2024 and 2023

ASSETS NOTE 12.31.2024 12.31.2023
ThCh ThCh
Current assets:
Cash and cash equivalents 4
Other financial assets 5
Other non-financial assets 6
Trade and other accounts receivable, net 7
Accounts receivable from related companies 12.1
Inventory 8
Current tax assets 9
Total Current Assets
Non-Current Assets:
Other financial assets 5
Other non-financial assets 6
Trade and other receivables 7
Accounts receivable from related parties 12.1
Investments accounted for under the equity method 14
Intangible assets other than goodwill 15
Goodwill 16
Property, plant and equipment 11
Deferred tax assets 10.2
Total Non-Current Assets
Total Assets

All values are in US Dollars.

The accompanying notes 1 to 33 form an integral part of these Consolidated Financial Statements

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EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

ConsolidatedStatements of Financial Position

as of December 31,2024 and 2023

LIABILITIES AND EQUITY NOTE 12.31.2024 12.31.2023
ThCh ThCh
LIABILITIES
Current Liabilities
Other financial liabilities 17
Trade and other accounts payable 18
Accounts payable to related parties 12.2
Other provisions 19
Tax liabilities 9
Employee benefits current provisions 13
Other non-financial liabilities 20
Total Current Liabilities
Other financial liabilities 17
Trade accounts and other accounts payable 18
Accounts payable to related companies 12.2
Other provisions 19
Deferred tax liabilities 10.2
Employee benefits non-current provisions 13
Other non-financial liabilities 20
Total Non-current liabilities
EQUITY 21
Issued capital
Retained earnings
Other reserves ) )
Equity attributable to owners of the parent
Non-controlling interests
Total Equity
Total Liabilities and Equity

All values are in US Dollars.

The accompanying notes 1 to 33 form an integral part of these Consolidated Financial Statements.

2

EMBOTELLADORAANDINA S.A. AND SUBSIDIARIES

ConsolidatedStatements of Income by Function

For the fiscalyears ended December 31, 2024 and 2023

01.01.2024 01.01.2023
NOTE 12.31.2024 12.31.2023
ThCh ThCh
Net sales
Cost of sales 8 - 25 ) )
Gross Profit
Other income 26
Distribution expenses 25 ) )
Administrative expenses 25 ) )
Other expenses, by function 27 ) )
Other (loss) gains 29 )
Financial income 28
Financial expenses 28 ) )
Share of profit (loss) of investments in associates accounted for using the equity method 14.3
Foreign exchange differences 30 ) )
Income by indexation units )
Net income before income taxes
Income tax expense 10.1 ) )
Net income
Net income attributable to
Owners of the controller
Non-controlling interests
Net income
Earnings per Share, basic and diluted in ongoing operations CLP CLP
Earnings per Series A Share 21.5
Earnings per Series B Share 21.5

All values are in US Dollars.

The accompanying notes 1 to 33 form an integral part of these Consolidated Financial Statements

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EMBOTELLADORAANDINA S.A. AND SUBSIDIARIES

ConsolidatedStatements of Comprehensive Income

For the fiscalyears ended December 31, 2024 and 2023

01.01.2024 01.01.2023
12.31.2024 12.31.2023
ThCh ThCh
Net Income
Other Comprehensive Income:
Components of other comprehensive income that will not be reclassified to net income for the period, before taxes
Actuarial Gains (losses) from defined benefit plans )
Components of other comprehensive income that will be reclassified to net income for the period, before taxes
Gain (losses) from exchange rate translation differences ) )
Income tax related to components of other comprehensive income that will not be reclassified to net income for the period
Gain (losses) from cash flow hedges
Income tax related to components of other comprehensive income that will not be reclassified to net income for the period
Income tax related to defined benefit plans )
Income tax related to exchange rate translation differences
Income tax related to cash flow hedges ) )
Other comprehensive income, total ) )
Total comprehensive income
Total comprehensive income attributable to:
Equity holders of the controller
Non-controlling interests
Total Comprehensive Income

All values are in US Dollars.

The accompanying notes 1 to 33 form an integral part of these Consolidated Financial Statements.

4

EMBOTELLADORAANDINA S.A. AND SUBSIDIARIES

ConsolidatedStatements of Changes in Equity

For the fiscalyears ended December 31, 2024 and 2023

Other<br> reserves
Issued<br> Capital Reserves<br> for<br> Exchange <br> Rate<br> Differences Cashflow<br> hedge <br> reserve Actuarial<br> gains or<br> losses in<br> employee<br> benefets Other<br> <br> reserves Total<br> other<br> reserves Retained<br> earnings Controlling<br> equity Non-controlling<br> interests Total<br> Equity
ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Opening balance<br> 01.01.2024 ) ) ) )
Changes in equity
Comprehensive<br> income
Earnings
Other comprehensive<br> income ) ) ) ) )
Comprehensive<br> income ) ) )
Dividends ) ) ) )
Increase (decrease) from other<br> changes *
Total changes in equity ) ) )
Ending balance 12.31.2024 ) ) ) )
Other<br> reserves
Issued<br><br> Capital Reserves<br> for<br> Exchange<br> Rate<br> Differences Cashflow<br><br> hedge <br>reserve Actuarial<br><br> gains or<br> losses in<br> employee<br> benefets Other<br><br> reserves Total<br> other<br> reserves Retained<br><br> earnings Controlling<br><br> equity Non-controlling<br><br> interests Total<br> Equity
ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Opening balance<br> 01.01.2023 ) ) ) )
Changes in equity
Comprehensive income
Earnings
Other comprehensive income ) ) ) )
Comprehensive income ) )
Dividends ) ) ) )
Increase (decrease) from other<br> changes *
Total changes in equity ) )
Ending balance 12.31.2023 ) ) ) )

All values are in US Dollars.

*Corresponds mainly to inflation effects on the equity of our Subsidiaries in Argentina (see Note 2.5.1)

The accompanying notes 1 to 33 form an integral part of these Consolidated Financial Statements.

5

EMBOTELLADORAANDINA S.A. AND SUBSIDIARIES

ConsolidatedStatements of Direct Cash Flows

For the fiscalyears ended December 31, 2024 and 2023

01.01.2024 01.01.2023
Cash flows provided by (used in) Operating Activities NOTE 12.31.2024 12.31.2023
ThCh ThCh
Cash flows provided by Operating Activities
Receipts from the sale of goods and the rendering of services (including taxes)
Payments for Operating Activities
Payments to suppliers for goods and services (including taxes) ) )
Payments to and on behalf of employees ) )
Other payments for operating activities (value-added taxes on purchases, sales and others) ) )
Dividends received
Interest payments ) )
Interest received
Income tax payments ) )
Other cash movements (tax on bank debits Argentina and others) ) )
Cash flows provided by (used in) Operating Activities
Cash flows provided by (used in) Investing Activities
Proceeds from sale of Property, plant and equipment
Purchase of Property, plant and equipment ) )
Collection on forward, term, option and financial exchange agreements
Purchases of other current financial assets.
Other cash inflows (outflows)
Net cash flows used in Investing Activities ) )
Cash Flows generated from (used in) Financing Activities
Proceeds from changes in ownership interests in subsidiaries
Proceeds (payments) from short term loans
Loan payments ) )
Lease liability payments ) )
Dividend payments by the reporting entity ) )
Proceeds from the issuance of bonds
Payment of bond principal )
Proceeds (payments) from bond-related derivative instruments
Net cash flows (used in) generated by Financing Activities ) )
Net increase in cash and cash equivalents before exchange differences )
Effects of exchange differences on cash and cash equivalents
Effects of inflation in cash and cash equivalents in Argentina ) )
Net increase (decrease) in cash and cash equivalents )
Cash and cash equivalents – beginning of period 4
Cash and cash equivalents - end of period 4

All values are in US Dollars.

The accompanying notes 1 to 33 form an integral part of these Consolidated Financial Statements

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EMBOTELLADORAANDINA S.A. AND SUBSIDIARIES

Notes to theConsolidated Financial Statements

1 – CORPORATE INFORMATION

Embotelladora Andina S.A. RUT (Chilean Taxpayer Id. N°) 91.144.000-8 (hereinafter “Andina,” and together with its subsidiaries, the “Company”) is an open stock corporation, whose corporate address and principal offices are located at Miraflores 9153, borough of Renca, Santiago, Chile. The Company is registered in the Securities Registry of the Chilean Financial Market Commission (hereinafter "CMF"), and pursuant to Chile’s Law 18,046 is subject to the supervision of this entity. It is also registered with the U.S. Securities and Exchange Commission (hereinafter “SEC”) and its stock is traded on the New York Stock Exchange since 1994.

The principal activity of Embotelladora Andina S.A. is to produce, bottle, commercialize and distribute the products under registered trademarks of The Coca-Cola Company (TCCC), as well as commercialize and distribute some brands of other companies such as Monster, AB InBev, Diageo and Capel, among others. The Company maintains operations and is licensed to produce, commercialize and distribute such products in certain territories in Chile, Brazil, Argentina and Paraguay

In Chile, the territories in which it has TCCC’s franchise are the Metropolitan Region; the province of San Antonio, the V Region; the province of Cachapoal including the commune of San Vicente de Tagua-Tagua, the VI Region; the II Region of Antofagasta; the III Region of Atacama, the IV Region of Coquimbo XI Region de Aysén del General Carlos Ibáñez del Campo; XII Region of Magallanes and Chilean Antarctic. In Brazil, the aforementioned franchise covers much of the state of Rio de Janeiro, the entire state of Espirito Santo, and part of the states of São Paulo and Minas Gerais. In Argentina it includes the provinces of Córdoba, Mendoza, San Juan, San Luis, Entre Ríos, as well as part of the provinces of Santa Fe and Buenos Aires, Chubut, Santa Cruz, Neuquén, Río Negro, La Pampa, Tierra del Fuego, Antarctica and South Atlantic Islands. Finally, in Paraguay the territory comprises the whole country. The bottling agreement for the territories in Argentina expires in September 2027; for the territories in Brazil, it expires in October 2027; for the territories in Chile it expires in January 2025, and for the territory in Paraguay it expires on March 1, 2028. Said agreements are renewable upon the request of Embotelladora Andina S.A. and at the sole discretion of The Coca-Cola Company.

As of the date of these consolidated financial statements, regarding Andina’s principal shareholders, the Controlling Group holds 53.58% of the outstanding shares with voting rights, corresponding to the Series A shares. The Controlling Group is composed of the Chadwick Claro, Garcés Silva, Said Handal and Said Somavía families, who control the Company in equal parts.

These Consolidated Financial Statements reflect the consolidated financial position of Embotelladora Andina S.A. and its Subsidiaries, which were approved by the Board of Directors on January 28, 2025.

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2 – BASISOF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND APPLICATION OF ACCOUNTING CRITERIA

2.1 Accounting principles and basisof preparation

The Company's Consolidated Financial Statements for the fiscal years ended December 31, 2024 and 2023 have been prepared in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board (hereinafter “IFRS”) and the Interpretations issued by the IFRS Interpretations Committee (IFRIC) applicable to companies reporting under IFRS.

These Consolidated Financial Statements have been prepared following the going concern principle by applying the historical cost method, with the exception, according to IFRS, of those assets and liabilities that are recorded at fair value.

These Consolidated Statements reflect the consolidated financial position of Embotelladora Andina S.A. and its Subsidiaries as of December 31, 2024 and 2023 and the results of operations for the periods from January 1 to December 31, 2024 and 2023, with the statements of changes in equity and cash flows and cash flows for the periods from January 1 to December 31, 2024 and 2023.

These Consolidated Financial Statements have been prepared based on the accounting records maintained by the Parent Company and by the other entities that are part of the Company and are presented in thousands of Chilean pesos (unless expressly stated) as this is the functional and presentation currency of the Company. Foreign operations are included in accordance with the accounting policies established in Notes 2.5.

2.2 Subsidiaries and consolidation

Subsidiary entities are those companies directly or indirectly controlled by Embotelladora Andina. Control is obtained when the Company has power over the investee, when it has exposure or is entitled to variable returns from its involvement in the investee and when it has the ability to use its power to influence the amount of investor returns. They include assets and liabilities, results of operations, and cash flows for the periods reported. Income or losses from subsidiaries acquired or sold are included in the consolidated statements of income by function from the effective date of acquisition through the effective date of disposal, as applicable.

The acquisition method is used to account for the acquisition of subsidiaries. The consideration transferred for the acquisition of the subsidiary is the fair value of assets transferred, equity securities issued, liabilities incurred or assumed on the date that control is obtained. Identifiable assets acquired, and identifiable liabilities and contingencies assumed in a business combination are accounted for initially at their fair values at the acquisition date. Goodwill is initially measured as the excess of the aggregate of the consideration transferred and the fair value of non-controlling interest over the net identifiable assets acquired and liabilities assumed. If the consideration is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the income statement.

Intercompany transactions, balances and unrealized gains on transactions between Group entities are eliminated. Unrealized losses are also eliminated. When necessary, the accounting policies of the subsidiaries are modified to ensure uniformity with the policies adopted by the Group.

The interest of non-controlling shareholders is presented in the consolidated statement of changes in equity and the consolidated statement of income by function under "Non-Controlling Interest" and “Earnings attributable to non-controlling interests", respectively.

8

The consolidated financial statements include all assets, liabilities, income, expenses, and cash flows of the Company and its subsidiaries after eliminating balances and transaction among the Group’s entities, the subsidiary companies included in the consolidation are the following:

Ownership interest
12.31.2024 12.31.2023
Taxpayer ID Company Name Direct Indirect Total Direct Indirect Total
96.842.970-1 Andina Bottling Investments S.A. 99.94 0.06 100.0 99.94 0.06 100.0
96.972.760-9 Andina Bottling Investments Dos S.A. 64.42 35.58 100.0 64.42 35.58 100.0
Foreign Andina Empaques Argentina S.A. - 99.98 99.98 - 99.98 99.98
96.836.750-1 Andina Inversiones Societarias S.A. 100.0 - 100.0 100.0 - 100.0
76.070.406-7 Embotelladora Andina Chile S.A. 99.99 0.01 100.0 99.99 0.01 100.0
Foreign Embotelladora del Atlántico S.A. 0.92 99.07 99.99 0.92 99.07 99.99
96.705.990-0 Envases Central S.A. 59.27 - 59.27 59.27 - 59.27
Foreign Paraguay Refrescos S.A. 0.08 97.75 97.83 0.08 97.75 97.83
76.276.604-3 Red de Transportes Comerciales Ltda. 99.85 0.15 100.0 99.85 0.15 100.0
77.427.659-9 Re-Ciclar S.A. 60.00 - 60.00 60.00 - 60.00
Foreign Rio de Janeiro Refrescos Ltda. - 99.99 99.99 - 99.99 99.99
78.536.950-5 Servicios Multivending Ltda. 99.9 0.10 100.0 99.9 0.10 100.0
78.861.790-9 Transportes Andina Refrescos Ltda. 99.9 0.01 100.0 99.9 0.01 100.0
96.928.520-7 Transportes Polar S.A. 99.9 0.01 100.0 99.9 0.01 100.0
76.389.720-6 Vital Aguas S.A. 66.5 - 66.5 66.5 - 66.5
93.899.000-k VJ S.A. 15.0 50.00 65.0 15.0 50.00 65.0
2.3 Investments in associates
--- ---

Ownership interest held by the Group in associates are recorded following the equity method. According to the equity method, the investment in an associate is initially recorded at cost. As of the date of acquisition, the investment in the statement of financial position is recorded by the proportion of its total assets, which represents the Group's participation in its capital, once adjusted, where appropriate, the effect of the transactions made with the Group, plus capital gains that have been generated in the acquisition of the company.

Dividends received from these companies are recorded by reducing the value of the investment and the results obtained by them, which correspond to the Group according to its ownership, are recorded under the item “Participation in profit (loss) of associates accounted for by the equity method.”

Associates are all entities over which the Group exercises significant influence but does not have control. Significant influence is the power to intervene in the financial and operating policy decisions of the associate, without having control or joint control over it. The results of these associates are accounted for using the equity method. Accounting policies of the associates are changed, where necessary, to ensure conformity with the policies adopted by the Company and unrealized gains are eliminated.

For associates located in Brazil, the financial statements accounted for using the equity method have a one-month lag because their reporting dates are different from those of Embotelladora Andina.

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2.4 Financial reporting by operatingsegment

“IFRS 8 Operating Segments” requires that entities disclose information on the results of operating segments. In general, this is information that Management and the Board of Directors use internally to assess performance of segments and allocate resources to them. Therefore, the following operating segments have been determined based on geographic location:

· Operation<br> in Chile
· Operation<br> in Brazil
· Operation<br> in Argentina
· Operation<br> in Paraguay
2.5 Functional currency and presentationcurrency
--- ---
2.5.1 Functional currency
--- ---

Items included in the financial statements of each of the entities in the Company are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional currency of each of the Operations is the following:

Company Functional<br> Currency
Embotelladora<br> del Atlántico Argentine<br> Peso (ARS)
Embotelladora<br> Andina Chilean<br> Peso (CLP)
Paraguay<br> Refrescos Paraguayan<br> Guaraní (PYG)
Rio<br> de Janeiro Refrescos Brazil<br> Real (BRL)

Foreign currency-denominated monetary assets and liabilities are converted to the functional currency at the observed exchange rate of each central bank, in effect on the closing date.

All differences arising from the liquidation or conversion of monetary items are recorded in the income statement, with the exception of the monetary items designated as part of the hedging of the Group's net investment in a business abroad. These differences are recorded under other comprehensive income until the disposal of the net investment, at which point they are reclassified to the income statement. Tax adjustments attributable to exchange differences in these monetary items are also recognized under other comprehensive income.

Non-monetary items that are valued at historical cost in a foreign currency are converted using the exchange rate in effect at the date of the initial transaction. Non-monetary items measured at fair value in a foreign currency are converted using the exchange rate in effect at the date on which fair value is determined. Losses or gains arising from the conversion of non-monetary items measured at fair value are recorded in accordance with the recognition of losses or gains arising from the change in the fair value of the respective item (e.g., exchange differences arising from items whose fair value gains or losses are recognized in another overall result or in results are also recognized under comprehensive income).

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Functional currency in hyperinflationaryeconomies

Beginning July 2018, Argentina's economy is considered as hyperinflationary, according to the criteria established in the International Accounting Standard No. 29 “Financial information in hyperinflationary economies” (IAS 29). This determination was carried out based on a series of qualitative and quantitative criteria, including an accumulated inflation rate of more than 100% for three years. In accordance with IAS 29, the financial statements of companies in which Embotelladora Andina S.A. participates in Argentina have been retrospectively restated by applying a general price index to the historical cost, in order to reflect the changes in the purchasing power of the Argentine peso, as of the closing date of these financial statements.

Non-monetary assets and liabilities were restated since February 2003, the last date an inflation adjustment was applied for accounting purposes in Argentina. In this context, it should be mentioned that the Group made its transition to IFRS on January 1, 2004, applying the attributed cost exemption for Property, plant and equipment.

For consolidation purposes in Embotelladora Andina S.A. and as a result of the adoption of IAS 29, the results and financial position of our Argentine subsidiaries were converted to the closing exchange rate (ARS/CLP) at the date of presentation of these financial statements , in accordance with IAS 21 "Effects of foreign currency exchange rate variations", when dealing with a hyperinflationary economy.

The comparative amounts in the consolidated financial statements are those that were presented as current year amounts in the relevant financial statements of the previous year (i.e., not adjusted for subsequent changes in price level or exchange rates). This results in differences between the closing net equity of the previous year and the opening net equity of the current year and, as an accounting policy option, these changes are presented as follows: (a) the re-measurement of Opening balances under IAS 29 as an adjustment to equity and (b) subsequent effects, including re-expression under IAS 21 , as "Exchange rate differences in the conversion of foreign operations" under other comprehensive income.

The adjustment factor is derived from the National Consumer Price Index (CPI), which is published by the National Institute of Statistics and Census of the Argentine Republic (INDEC). Inflation for the periods January to December 2024 and 2023 amounted to 118.10% and 209.91%, respectively.

2.5.2 Presentation currency

The presentation currency is the Chilean peso, which is the functional currency of the parent company, for such purposes, the financial statements of subsidiaries are translated from the functional currency to the presentation currency as indicated below:

a. Translation<br> of financial statements whose functional currency does not correspond to hyperinflationary<br> economies (Brazil and Paraguay)

Financial statements measured as indicated are translated to the presentation currency as follows:

· The<br> statement of financial position is translated to the closing exchange rate at the financial<br> statement date and the income statement is translated at the average monthly exchange rates,<br> the differences that result are recognized in equity under other comprehensive income.
· Cash<br> flow income statement are also translated at average exchange rates for each transaction.
· In<br> the case of the disposal of an investment abroad, the component of other comprehensive income<br> (OCI) relating to that investment is reclassified to the income statement. 
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b. Translation<br> of financial statements whose functional currency corresponds to hyperinflationary economies<br> (Argentina)

Financial statements of economies with a hyperinflationary economic environment, are recognized according to IAS 29 Financial Information in Hyperinflationary Economies, and subsequently converted to Chilean pesos as follows:

· The<br> statement of financial position sheet is translated at the closing exchange rate at the financial<br> statements date.
· The<br> income statement is translated at the closing exchange rate at the financial statements date.
· The<br> statement of cash flows is converted to the closing exchange rate at the date of the financial<br> statements.
· For<br> the disposal of an investment abroad, the component of other comprehensive income (OCI) relating<br> to that investment is reclassified to the income statement.

In accordance with IAS 21 "Effects of Changes in Foreign Exchange Rates," we use the closing exchange rate to translate financial information into presentation currency. The official dollar whose value is determined by the Central Bank of Argentina (BCRA) is used to calculate the exchange rate for the presentation and preparation of the consolidated financial statements.

In the course of Argentine market transactions, there are a number of other types of U.S. dollar rates that may differ from the BCRA-calculated official rate. In the event that financial information is translated into the presentation currency using a non-official exchange rate, the consolidated figures of our Operation in Argentina may be affected.

2.5.3 Exchange rates

Exchange rates regarding the Chilean peso in effect at the end of each period are as follows:

Date BRL (*) ARS PYG
12.31.2024 160.92 0.97 0.127
12.31.2023 181.17 1.08 0.120

All values are in US Dollars.

Exchange rates regarding the Chilean peso, calculated using average rates, used in the preparation of the Consolidated Financial Statements, are as follows:

Date BRL PYG
12.31.2024 175.86 0.124
12.31.2023 168.31 0.115

All values are in US Dollars.

(*) For the translation of Argentine figures, closing rates (not average) are used, as described in Note 2.5.2 b.

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2.6 Property, plant, and equipment

The elements of Property, plant and equipment, are valued for their acquisition cost, net of their corresponding accumulated depreciation, and of the impairment losses they have experienced.

The cost of the items of Property, plant and equipment include in addition to the price paid for the acquisition: i) the financial expenses accrued during the construction period that are directly attributable to the acquisition, construction or production of qualified assets, which are those that require a substantial period of time before being ready for use, such as production facilities. The Group defines a substantial period as one that exceeds twelve months. The interest rate used is that corresponding to specific financing or, if it does not exist, the weighted average financing rate of the Company making the investment; and ii) personnel expenses directly related to the construction in progress.

Construction in progress is transferred to operating assets after the end of the trial period when they are available for use, from which moment depreciation begins.

Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset only when it is probable that future economic benefits associated with the items of Property, plant and equipment will flow to the Company and the cost of the item can be measured reliably. Repairs and maintenance are charged to expense in the reporting period in which they are incurred.

Land is not depreciated since it has an indefinite useful life. Depreciation on other assets is calculated using the straight-line method to allocate their cost or revalued amounts to their residual values over their estimated useful lives.

The estimated useful lives by asset category are:

Assets Range in years
Buildings 15-80
Plant and equipment 5-20
Warehouse installations and accessories 10-50
Furniture and supplies 4-5
Motor vehicles 4-10
IT equipment 3-5
Other Property, plant and equipment 3-10
Bottles and containers 1-8

The residual value and useful lives of Property, plant and equipment are reviewed and adjusted at the end of each fiscal year, if appropriate.

The Company assesses on each reporting date if there is evidence that an asset may be impaired. The Group estimates the recoverable amount of the asset, if there is evidence, or when an annual impairment test is required for an asset.

Gains and losses on disposals of property, plant, and equipment are calculated by comparing the proceeds to the carrying amount and are charged to other expenses by function or other gains, as appropriate in the statement of comprehensive income.

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2.7 Intangible assets and Goodwill
2.7.1 Goodwill
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Goodwill represents the excess of the consideration transferred over the Company’s interest in the net fair value of the net identifiable assets of the subsidiary and the fair value of the non-controlling interest in the subsidiary on the acquisition date. Since goodwill is an intangible asset with indefinite useful life, it is recognized separately and tested annually or more frequently if events or changes in circumstances indicate a potential impairment. The carrying value of goodwill is compared to the recoverable amount, which is the higher of value in use and the fair value less costs to sell. Any impairment is recognized immediately as an expense and is not subsequently reversed.

Goodwill is carried at cost less accumulated impairment losses.

Gains and losses on the sale of an entity include the carrying amount of goodwill related to that entity.

Goodwill is assigned to each cash generating unit (CGU) or group of cash-generating units, from where it is expected to benefit from the synergies arising from the business combination. Such CGUs or groups of CGUs represent the lowest level in the organization at which goodwill is monitored for internal management purposes.

2.7.2 Distribution rights

Distribution rights are contractual rights to produce and/or distribute Coca-Cola brand products and other brands in certain territories in Argentina, Brazil, Chile and Paraguay. Distribution rights are born from the process of valuation at fair value of the assets and liabilities of companies acquired in business combinations. Distribution rights have an indefinite useful life and are not amortized, (as they are historically permanently renewed by The Coca-Cola Company) and therefore are subject to impairment tests on an annual basis.

2.7.3 Software

Carrying amounts correspond to internal and external software development costs, which are capitalized once the recognition criteria in IAS 38, Intangible Assets, have been met. Their accounting recognition is initially realized for their acquisition or production cost and, subsequently, they are valued at their net cost of their corresponding accumulated amortization and of the impairment losses that, if applicable, they have experienced. The aforementioned software is amortized within four years.

2.8 Impairment of non-financialassets

Assets that have an indefinite useful life, such as intangibles related to distribution rights and goodwill, are not amortized and are tested annually for impairment or more frequently if events or changes in circumstances indicate a potential impairment. Assets that are subject to amortization are tested for impairment whenever there is an event or change in circumstances indicating that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the carrying value of the asset exceeds its recoverable amount. The recoverable amount is the greater of an asset’s fair value less costs to sell or its value in use.

For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash generating units - CGU). Cash-generating unit's recoverable amount has been determined on the basis of its value in use.

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Regardless of what was stated in the previous paragraph, in the case of CGUs to which goodwill or intangible assets with an indefinite useful life have been assigned, the analysis of their recoverability is carried out systematically at the end of each fiscal year. These indications may include new legal provisions, change in the economic environment that affects business performance indicators, competition movements, or the disposal of an important part of a CGU.

Management reviews business performance based on geographic segments. Goodwill is monitored at the operating segment level that includes the different cash generating units in operations in Chile, Brazil, Argentina and Paraguay. The impairment of distribution rights is monitored geographically in the CGU or group of cash generating units, which correspond to specific territories for which distribution rights have been acquired for products owned by The Coca-Cola Company, as well as other intangible assets of indefinite useful life.These cash generating units or groups of cash generating units are composed of the following segments:

- Operation<br> in Chile; (North Zone Antofagasta, Atacama and Coquimbo, Metropolitan Area
- ,<br> Central Zone San Antonio and Cachapoal and Extreme South Zone of Aysen and Magallanes);
- Operation<br> in Argentina; (San Juan, Mendoza, San Luis, Córdoba, Santa Fé, Entre Ríos,<br> La Pampa, Neuquén, Rio Negro, Chubut, Santa Cruz, Tierra del Fuego and western area<br> of the Province of Buenos Aires);
- Operation<br> in Brazil (State of Rio de Janeiro and Espirito Santo, Ipiranga territories, nd investment<br> in the Sorocaba. associate);
- Operation<br> in Paraguay

Other intangible assets with indefinite useful lives consist of:

  • AdeS Chile and Comercializadora Novaverde (Guallarauco);

  • Ades Argentina;

  • AdeS Brazil and investment in the associate Leão Alimentos e Bebidas Ltda;

  • AdeS Paraguay

To check if goodwill has suffered a loss due to impairment of value, the Company compares the book value thereof with its recoverable value, and recognizes an impairment loss, for the excess of the asset's carrying amount over its recoverable amount. To determine the recoverable values of the CGU, management considers the discounted cash flow method as the most appropriate.

The main assumptions used in the annual impairment test are:

a) Discount<br> rate

The discount rate applied in the annual impairment test carried out in 2024 was estimated using the CAPM (Capital Asset Pricing Model) methodology, which allows estimating a discount rate according to the level of risk of the CGU in the country where it operates. A nominal discount rate in local currency before tax is used according to the following table:

2024 Discount<br><br> rates 2023 Discount<br><br> rates
Argentina 21.2 % 38.7 %
Chile 9.3 % 10.3 %
Brazil 10.4 % 11.2 %
Paraguay 11.0 % 12.0 %
b) Other<br> assumptions
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The financial projections to determine the net present value of future cash flows of the CGUs are modeled based on the main historical variables and the respective approved budgets for each CGU.. In this regard, a conservative growth rate is used, taking into account the differences that exist in categories with high growth such as carbonated beverages, categories with medium growth such as waters and juices, and categories that have lower margins such as alcohols. Additionally, the valuation model considers projections over 5 years based on perpetuity growth rates per operation, which follow a real growth according to long-term population growth expectations. In this sense, the variables with greatest sensitivity in these projections are the discount rates applied in the determination of the net present value of projected cash flows, growth perpetuities and EBITDA margins considered in each CGU.

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In order to sensitize the impairment test, variations were made to the main variables used in the model. Ranges used for each of the modified variables are:

- Discount<br> Rate: Increase / Decrease of up to 200 bps as a value in the rate at which future cash<br> flows are discounted to bring them to present value
- Perpetuity:<br> Increase / Decrease of up to 25 bps in the rate to calculate the perpetual growth of future<br> cash flows
- EBITDA<br> margin: Increase / Decrease of 150 bps of EBITDA margin of operations, which is applied<br> per year for the projected periods, that is, for the years 2025-2029

After modeling and valuing the different CGUs as a result of the tests performed as of December 31, 2024, no impairment were identified in any of the CGUs listed above, assuming conservative projections aligned with the history of the current markets. Thus, the impairment test yielded recovery values higher than the book values of assets, including those for the sensitivity calculations in the stress test conducted on the model for the 3 previously mentioned variables.

It should be noted that, although no impairment indicators were identified for the CGUs described above, during the annual review of intangible assets with indefinite useful lives, it was determined that for the Guallarauco brand, specifically the investment in Novaverde, the recoverable value was CLP 2,921 million less than the carrying amount recorded in the Financial Statements, which was reduced from its carrying amount as of December 2024. On the other hand, AdeS Chile recognized an impairment of the investment equivalent to CLP 881 million as of December 2024.

2.9 Financial instruments

A financial instrument is any contract that results in the recognition of a financial asset in one entity and a financial liability or equity instrument in another entity.

2.9.1 Financial assets

Pursuant to IFRS 9 “Financial Instruments”, except for certain trade accounts receivable, the Group initially measures a financial asset at its fair value plus transaction costs, in the case of a financial asset that is not at fair value, reflecting changes in P&L.

The classification is based on two criteria: (a) the Group's business model for the purpose of managing financial assets to obtain contractual cash flows; and (b) if the contractual cash flows of financial instruments represent "solely payments of principal and interest” on the outstanding principal amount (the “SPPI criterion”). According to IFRS 9, financial assets are subsequently measured at (i) fair value with changes in P&L (FVPL), (ii) amortized cost or (iii) fair value through other comprehensive income (FVOCI).

The subsequent classification and measurement of the Group's financial assets are as follows:

- Financial<br> asset at amortized cost for financial instruments that are maintained within a business model<br> with the objective of maintaining the financial assets to collect contractual cash flows<br> that meet the SPPI criterion. This category includes the Group’s trade and other accounts<br> receivable. 
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- Financial<br> assets measured at fair value with changes in other comprehensive income (FVOCI), with gains<br> or losses recognized in P&L at the time of liquidation. Financial assets in this category<br> correspond to the Group's instruments that meet the SPPI criterion and are kept within a<br> business model both to collect cash flows and to sell.

Other financial assets are classified and subsequently measures as follows:

- Equity<br> instruments at fair value with changes in other comprehensive income (FVOCI) without recognizing<br> earnings or losses in P&L at the time of liquidation. This category only includes equity<br> instruments that the Group intends to keep in the foreseeable future and that the Group has<br> irrevocably chosen to classify in this category in the initial recognition or transition.
- Financial<br> assets at fair value with changes in P&L (FVPL) include derivative instruments and equity<br> instruments quoted that the Group had not irrevocably chosen to classify at FVOCI in the<br> initial recognition or transition. This category also includes debt instruments whose cash<br> flow characteristics do not comply with the SPPI criterion or are not kept within a business<br> model whose objective is to recognize contractual cash flows or sale.
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A financial asset (or, where applicable, a portion of a financial asset or a portion of a group of similar financial assets) is initially disposed (for example, canceled in the Group's consolidated financial statements) when:

- The<br> rights to receive cash flows from the asset have expired,
- The<br> Group has transferred the rights to receive the cash flows of the asset or has assumed the<br> obligation to pay all cash flows received without delay to a third party under a transfer<br> agreement; and the Group (a) has substantially transferred all risks and benefits of<br> the asset, or (b) has not substantially transferred or retained all risks and benefits<br> of the asset but has transferred control of the asset.
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2.9.2 Financial Liabilities
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Financial liabilities are classified as a fair value financial liability at the date of their initial recognition, as appropriate, with changes in results, loans and credits, accounts payable or derivatives designated as hedging instruments in an effective coverage.

All financial liabilities are initially recognized at fair value and transaction costs directly attributable are netted from loans and credits and accounts payable.

The Group's financial liabilities include trade and other accounts payable, loans and credits, including those discovered in current accounts, and derivative financial instruments.

The classification and subsequent measurement of the Group's financial liabilities are as follows:

- Fair<br> value financial liabilities with changes in results include financial liabilities held for<br> trading and financial liabilities designated in their initial recognition at fair value with<br> changes in results. The losses or gains of liabilities held for trading are recognized in<br> the income statement.
- Loans<br> and credits are valued at cost or amortized using the effective interest rate method. Gains<br> and losses are recognized in the income statement when liabilities are disposed, as well<br> as interest accrued in accordance with the effective interest rate method.
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A financial liability is disposed of when the obligation is extinguished, cancelled or expires. Where an existing financial liability is replaced by another of the same lender under substantially different conditions, or where the conditions of an existing liability are substantially modified, such exchange or modification is treated as a disposal of the original liability and the recognition of the new obligation. The difference in the values in the respective books is recognized in the statement of income.

2.9.3 Offsetting financial instruments

Financial assets and financial liabilities are offset with the corresponding net amount presenting the corresponding net amount in the statement of financial position, if:

- There<br> is currently a legally enforceable right to offset the amounts recognized, and
- It<br> is intended to liquidate them for the net amount or to realize the assets and liquidate the<br> liabilities simultaneously.
2.10 Derivatives financial instrumentsand hedging activities
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The Company and its subsidiaries use derivative financial instruments to mitigate risks relating to changes in foreign currency and exchange rates associated with raw materials, and loan obligations. Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value at each closing date. Derivatives are accounted as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. The method of recognizing the resulting gain or loss depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged.

2.10.1 Derivative financial instrumentsdesignated as cash flow hedges

At the inception of the transaction, the group documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedging transactions. The group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income. The gain or loss relating to the ineffective portion is recognized immediately in the consolidated income statement within "other gains (losses).”

Amounts accumulated in equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss (for example, when foreign currency denominated financial liabilities are translated into their functional currencies). The gain or loss relating to the effective portion of cross currency swaps hedging the effects of changes in foreign exchange rates are recognized in the consolidated income statement within "foreign exchange differences.” When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognized when the forecast transaction is ultimately recognized in the consolidated income statement.

2.10.2 Derivative financial instrumentsnot designated for hedging

The fair value of derivative financial instruments that do not qualify for hedge accounting pursuant to IFRS are immediately recognized in the income statement under "Other income and losses". The fair value of these derivatives is recorded under "other current financial assets" or "other current financial liabilities" in the statement of financial position.”

The Company does not use hedge accounting for its foreign investments.

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The Company also evaluates the existence of embedded derivatives in contracts and financial instruments as stipulated by IFRS 9 and classifies them pursuant to their contractual terms and the business model of the group. At the date of these financial statements, the Company had no embedded derivatives.

2.10.3 Fair value hierarchy

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the date of the transaction. Fair value is based on the presumption that the transaction to sell the asset or to transfer the liability takes place;

- In<br> the asset or liability main market, or
- In<br> the absence of a main market, in the most advantageous market for the transaction of those<br> assets or liabilities.

The Company maintains assets related to foreign currency derivative contracts which were classified as Other current and non-current financial assets and Other current and non-current financial liabilities, respectively, and are accounted at fair value within the statement of financial position.

The Company uses the following hierarchy to determine and disclose the fair value of financial instruments with assessment techniques:

Level 1: Quote values (unadjusted) in active markets for identical assets or liabilities
Level 2: Valuation techniques for which the lowest level variable used, which is significant for the calculation,<br>is directly or indirectly observable
Level 3: Valuation techniques for which the lowest level variable used, which is significant for the calculation,<br>is not observable.

During the reporting periods there were no transfers of items between fair value measurement categories. All of which were valued during the periods using Level 2.

2.11 Inventories

Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted average cost method. The cost of finished goods and work in progress includes raw materials, direct labor, other direct costs and manufacturing overhead (based on operating capacity) to bring the goods to marketable condition, but it excludes interest expense. Net realizable value is the estimated selling price in the ordinary course of business, less applicable variable selling expenses. Spare parts and production materials are stated at the lower of cost or net realizable value.

The initial cost of inventories includes the transfer of losses and gains from cash flow hedges, related to the purchase of raw materials.

Estimates are also made for obsolescence of raw materials and finished products based on turnover and age of the related goods.

2.12 Trade accounts receivable andother accounts receivable

Trade accounts receivable and other accounts receivable are measured and recognized at the transaction price at the time they are generated less the provision for expected credit losses, pursuant to the requirements of IFRS 15, since they do not have a significant financial component, less the provision of expected credit losses. The provision for expected credit losses is made applying a value impairment model based on expected credit losses for the following 12 months. The Group applies a simplified focus for trade receivables, thereby impairment is always recorded referring to expected losses during the whole life of the asset. The carrying amount of the asset is reduced by the provision of expected credit losses, and the loss is recognized in administrative expenses in the consolidated income statement by function.

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2.13 Cash and cash equivalents

Cash and cash equivalents include cash on hand, bank balances, time deposits and other short-term highly liquid and low risk of change in value investments.

2.14 Other financial liabilities

Resources obtained from financial institutions as well as the issuance of debt securities are initially recognized at fair value, net of costs incurred during the transaction. Then, liabilities are valued by accruing interests in order to equal the current value with the future value of liabilities payable, using the effective interest rate method.

General and specific borrowing costs directly attributable to the acquisition, construction or production of qualified assets, considered as those that require a substantial period of time in order to get ready for their forecasted use or sale, are added to the cost of those assets until the period in which the assets are substantially ready to be used or sold.

2.15 Income tax

The Company and its subsidiaries in Chile account for income tax according to the net taxable income calculated based on the rules in the Income Tax Law. Subsidiaries in other countries account for income taxes according to the tax regulations of the country in which they operate.

Deferred income taxes are calculated using the liability method on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Consolidated Financial Statements, using the tax rates that have been enacted or substantively enacted on the balance sheet date and are expected to apply when the deferred income tax asset is realized, or the deferred income tax liability is settled.

Deferred income tax assets are recognized only to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilized.

The Company does not recognize deferred income taxes for temporary differences from investments in subsidiaries in which the Company can control the timing of the reversal of the temporary differences and it is probable that they will not be reversed in the near future.

The Group offsets deferred tax assets and liabilities if and only if it has legally recognized a right to offset against the tax authority the amounts recognized in those items; and intends to settle the resulting net debts, or to realize the assets and simultaneously settle the debts that have been offset by them.

2.16 Provisions

Provisions are recognized when the Company has a present legal or constructive obligation as a result of past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation.

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2.17 Leases

In accordance with IFRS 16 “Leases” Embotelladora Andina analyzes, at the beginning of the contract, the economic background of the agreement, to determine if the contract is, or contains, a lease, evaluating whether the agreement transfers the right to control the use of an identified asset for a period of time in exchange for a consideration. Control is considered to exist if the client has i) the right to obtain substantially all the economic benefits from the use of an identified asset; and ii) the right to direct the use of the asset.

The Company when operating as a lessee, at the beginning of the lease (on the date the underlying asset is available for use) records an asset for the right-of-use in the statement of financial position (under Property, plant and equipment) and a lease liability (under Other financial liabilities).

This asset is initially recognized at cost, which includes: i) value of the initial measurement of the lease liability; ii) lease payments made up to the start date less lease incentives received; iii) the initial direct costs incurred; and iv) the estimation of costs for dismantling or restoration. Subsequently, the right-of-use asset is measured at cost, adjusted by any new measurement of the lease liability, less accumulated depreciation and accumulated losses due to impairment of value. The right-of-use asset is depreciated in the same terms as the rest of similar depreciable assets, if there is reasonable certainty that the lessee will acquire ownership of the asset at the end of the lease. If such certainty does not exist, the asset depreciates at the shortest period between the useful life of the asset or the lease term.

On the other hand, the lease liability is initially measured at the present value of the lease payments, discounted at the incremental loan rate of the Company, if the interest rate implicit in the lease could not be easily determined. Lease payments included in the measurement of the liability include: i) fixed payments, less any lease incentive receivable; ii) variable lease payments; iii) residual value guarantees; iv) exercise price of a purchase option; and v) penalties for lease termination.

The lease liability is increased to reflect the accumulation of interest and is reduced by the lease payments made. In addition, the carrying amount of the liability is measured again if there is a modification in the terms of the lease (changes in the term, in the amount of payments or in the evaluation of an option to buy or change in the amounts to be paid). Interest expense is recognized as an expense and is distributed among the periods that constitute the lease period, so that a constant interest rate is obtained in each year on the outstanding balance of the lease liability.

Short-term leases, equal to or less than one year, or lease of low-value assets are excepted from the application of the recognition criteria described above, recording the payments associated with the lease as an expense in a linear manner throughout the lease term. The Company does not act as lessor, nor does it have variable payments as lessee.

2.18 Deposits for returnable containers

This liability comprises cash collateral, or deposit, received from customers for bottles and other returnable containers made available to them.

This liability pertains to the deposit amount that will be reimbursed when the customer or distributor returns the bottles and containers in good condition, together with the original invoice.

This liability is presented under Other current financial liabilities since the Company does not have legal rights to defer settlement for a period in excess of one year. However, the Company does not anticipate any material cash settlements for such amounts during the upcoming year.

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2.19 Revenue recognition

The Company recognizes revenue when control over a good or service is transferred to the client. Control refers to the ability of the client to direct the use and obtain substantially all the benefits of the goods and services exchanged. Revenue is measured based on the consideration to which it is expected to be entitled for such transfer of control, excluding amounts collected on behalf of third parties.

Management has defined the following indicators for revenue recognition, applying the five-step model established by IFRS 15 “Revenue from contracts with customers”: 1) Identification of the contract with the customer; 2) Identification of performance obligations; 3) Determination of the transaction price; 4) Assignment of the transaction price; and 5) Recognition of revenue.

All the above conditions are met at the time the products are delivered to the customer. Net sales reflect the units delivered at list price, net of promotions, discounts and taxes.

The revenue recognition criteria of the goods provided by Embotelladora Andina corresponds to a single performance obligation that transfers the product to be received to the customer.

2.20 Contributions from The Coca-ColaCompany

The Company receives certain discretionary contributions from The Coca-Cola Company (TCCC) mainly related to the financing of advertising and promotional programs for its products in the territories where the Company has distribution licenses. The contribution received from TCCC are recognized in net income after the conditions agreed with TCCC in order to become a creditor to such incentive have been fulfilled, they are recorded as a reduction in the marketing expenses included in the Administration Expenses account. Given its discretionary nature, the portion of contributions received in one period does not imply it will be repeated in the following period.

2.21 Dividend distribution

The minimum mandatory dividend established by the Chilean Corporations Law is 30% of net income for the year, which must be ratified unanimously by the General Shareholders' Meeting. Net income is determined as of December 31 of each year, at which time the liability is recognized in the Company's consolidated financial statements.

Interim and final dividends are recorded at the time of their approval by the competent body, which in the first case is normally the Board of Directors of the Company, while in the second case it is the responsibility of the General Shareholders’ Meeting.

2.22 Critical accounting estimatesand judgments

In preparing the Consolidated Financial Statements, the Company has used certain judgments and estimates made to quantify some of the assets, liabilities, income, expenses and commitments. Following is an explanation of the estimates and judgments that might have a material impact on future financial statements.

2.22.1 Impairment of goodwill andintangible assets with indefinite useful lives

The Company tests annually whether goodwill and intangible assets with indefinite useful life (such as distribution rights) have suffered any impairment. The recoverable amounts of cash generating units are determined based on value in use calculations. The significant judgments and assumptions used in the calculations include sales volumes and prices, discount rates, marketing expenses and other economic factors. The estimation of these variables requires a use of estimates and judgments as they are subject to inherent uncertainties; however, the assumptions are consistent with the Company’s internal planning and past results. Therefore, management evaluates, and updates estimates according to the conditions affecting the variables. If these assets are considered to have been impaired, they will be written off at their estimated fair value or future recovery value according to the lowest discounted cash flows analysis. On an annual basis and close to each fiscal year end discounted cash flows in the Company's cash generating units in Chile, Brazil, Argentina and Paraguay generated a higher value than the carrying values of the respective net assets, including goodwill of the Brazilian, Argentinian and Paraguayan subsidiaries.

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2.22.2 Fair Value of Assets and Liabilities

IFRS require in certain cases that assets and liabilities be recorded at their fair value. Fair value is the price that would be received for selling an asset or paid to transfer a liability in a transaction ordered between market participants at the date of measurement.

The basis for measuring assets and liabilities at fair value are their current prices in an active market. For those that are not traded in an active market, the Company determines fair value based on the best information available by using valuation techniques.

In the case of the valuation of intangibles recognized as a result of acquisitions from business combinations, the Company estimates the fair value based on the "multi-period excess earning method", which involves the estimation of future cash flows generated by the intangible assets, adjusted by cash flows that do not come from these, but from other assets. The Company also applies estimations over the period during which the intangible assets will generate cash flows, cash flows from other assets, and a discount rate.

Other assets acquired, and liabilities assumed in a business combination are carried at fair value using valuation methods that are considered appropriate under the circumstances. Assumptions include the depreciated cost of recovery and recent transaction values for comparable assets, among others. These valuation techniques require certain inputs to be estimated, including the estimation of future cash flows.

2.22.3 Allowances for doubtful accounts

The Group uses a provision matrix to calculate expected credit losses for trade receivables. Provisions are based on due days for various groups of customer segments that have similar loss patterns (i.e., by geography region, product type, customer type and rating, and credit letter coverage and other forms of credit insurance).

The provision matrix is initially based on the historically observed non-compliance rates for the Group. The Group will calibrate the matrix to adjust the historical credit loss experience with forward-looking information. For example, if expected economic conditions (i.e., gross domestic product) are expected to deteriorate over the next year, which can lead to more non-compliances in the industry, historical default rates are adjusted. At each closing date, the observed historical default rates are updated and changes in prospective estimates are analyzed. The assessment of the correlation between observed historical default rates, expected economic conditions and expected credit losses are significant estimates.

2.22.4 Useful life, residual valueand impairment of property, plant, and equipment

Property, plant, and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful life of those assets. Changes in circumstances, such as technological advances, changes to the Company’s business model, or changes in its capital strategy might modify the effective useful lives as compared to our estimates. Whenever the Company determines that the useful life of Property, plant and equipment might be shortened, it depreciates the excess between the net book value and the estimated recoverable amount according to the revised remaining useful life. Factors such as changes in the planned usage of manufacturing equipment, dispensers, transportation equipment and computer software could make the useful lives of assets shorter. The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of any of those assets may not be recovered. The estimate of future cash flows is based, among other factors, on certain assumptions about the expected operating profits in the future. The Company’s estimation of discounted cash flows may differ from actual cash flows because of, among other reasons, technological changes, economic conditions, changes in the business model, or changes in operating profit. If the sum of the projected discounted cash flows (excluding interest) is less than the carrying amount of the asset, the asset shall be written-off to its estimated recoverable value.

23

2.22.5 Contingent liabilities

Provisions for litigation and other contingencies are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the current obligation at the date of issuance of the financial statements, considering the risks and uncertainties surrounding the obligation. When a provision is measured using estimated cash flows to settle the current obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material). The accrual of the discount is recognized as a finance cost. Incremental legal costs expected to be incurred in settling the legal claim are included in the measurement of the provision.

Provisions are reviewed at the end of each reporting period and are adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic benefits will be required to settle the obligation, the provision is reversed.

A contingent liability does not imply the recognition of a provision. Legal costs expected to be incurred in defending the legal claim are recognized in profit or loss when incurred.

2.22.6. Employee benefits

The Company records a liability regarding indemnities for years of service that will be paid to employees in accordance with individual and collective agreements subscribed with employees, which is recorded at actuarial value in accordance with IAS 19 “Employee Benefits”. At year-end there were no modifications to the agreements.

Results from updated actuarial variables are recorded within other comprehensive income in accordance with IAS 19.

Additionally, the Company has retention plans for some officers, which have a provision pursuant to the guidelines of each plan. These plans grant the right to certain officers to receive a cash payment on a certain date once they have fulfilled the required years of service.

The Company and its subsidiaries have recorded a provision to account for the cost of vacations and other employee benefits on an accrual basis. These liabilities are recorded under current non-financial liabilities.

24

2.23 New Standards, Interpretationsand Amendments to IFRS
2.23.1 Mandatory standards, interpretations and amendments for the first time for financial years beginning on January 1, 2024.
--- ---

Amendment to IFRS 16 "Leases" on sale and leaseback. Issued in September 2022, this amendment explains how an entity should recognize the rights to use the asset and how the gains or losses arising from the sale and leaseback should be recognized in the financial statements.

Amendment to IAS 1 "Non-current liabilities with covenants". Issued in October 2022, the amendment aims to improve the information that an entity provides when the payment terms of its liabilities may be deferred depending on compliance with covenants within twelve months after the date of issuance of the financial statements.

Amendments to IAS 7 "Statement of Cash Flows" and IFRS 7 "Financial Instruments: Disclosures" on supplier financing arrangements. Published in May 2023, these amendments require disclosures to improve the transparency of supplier financing arrangements and their effects on a company's liabilities, cash flows and exposure to liquidity risk.

The adoption of the standards, amendments and interpretations described above do not have a significant impact on the consolidated financial statements of the Company.

2.23.2 Standards, interpretations and amendments issued, the application of which is not yet mandatory, for which early adoption has not been made.

Amendments to IAS 21 - Non-convertibility. Issued in August 2023, this amendment affects an entity that has a transaction or operation in a foreign currency that is not convertible into another currency for a specific purpose at the measurement date. A currency is convertible into another currency when it is possible to obtain the other currency (with a normal administrative delay), and the transaction is carried out through a market or convertibility mechanism that creates enforceable rights and obligations. This amendment establishes the guidelines to be followed to determine the exchange rate to be used in situations of absence of convertibility as mentioned above. Early adoption is allowed.

Amendment to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments. Published in May 2024, this amendment intends to:

· Clarify<br> the requirements for the timing of recognition and derecognition of some financial assets<br> and liabilities, with a new exception for some financial liabilities settled through an electronic<br> cash transfer system;
· Clarify<br> and add further guidance for assessing whether a financial asset meets the principal-and-interest-only<br> payment (SPPI) criterion;
· Add<br> new disclosures for certain instruments with contractual terms that may change cash flows<br> (such as some instruments with features linked to the achievement of environmental, social<br> and governance (ESG) goals); and
· Make<br> updates to disclosures for equity instruments designated at fair value through other comprehensive<br> income (FVOCI). 
25

Annual Improvements to IFRS - Volume 11. The following improvements were published in July 2024:

· IFRS<br> 1 First-time Adoption of International Financial Reporting Standards. Some cross-references<br> to IFRS 9 indicated in paragraphs B5-B6 regarding the retrospective application exception<br> in hedge accounting were improved.
· IFRS<br> 7 Financial Instruments: Disclosures. Regarding the disclosures on results from the derecognition<br> of financial assets where there is continuous involvement, a reference to IFRS 13 is incorporated<br> in order to disclose whether there are significant unobservable inputs that impacted the<br> fair value, and therefore, part of the result of the derecognition.
· IFRS<br> 9 Financial Instruments. A reference on the initial measurement of accounts receivable was<br> amended by eliminating the concept of transaction price.
· IFRS<br> 10 Consolidated Financial Statements. Some improvements are incorporated in the description<br> of the control assessment when there are “de facto agents”.
· IAS<br> 7 Statement of Cash Flows. A reference in paragraph 37 regarding the concept of “equity<br> method” was amended by eliminating the reference to the “cost method”.

IFRS 18 Presentation and disclosure in financial statements. Issued in April of 2024.This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the income statement. The key new concepts introduced in IFRS 18 relate to (Mandatory as from January 1, 2027):

· The<br> structure of the income statement;
· Disclosures<br> required in the financial statements for certain profit or loss performance measures that<br> are reported outside an entity's financial statements (i.e., performance measures defined<br> by management); and
· Enhanced<br> principles on aggregation and disaggregation that apply to the principal financial statements<br> and notes overall.

IFRS 19 Non-Public Interest Subsidiaries: Disclosures. Issued in April 2024. This new standard establishes that an eligible subsidiary applies the requirements of other IFRS Accounting Standards, except for the disclosure requirements, and instead may apply the reduced disclosure requirements of IFRS 19. The reduced disclosure requirements of IFRS 19 balance the information needs of users of the financial statements of eligible subsidiaries with cost savings for preparers. IFRS 19 is a voluntary standard for eligible subsidiaries

A subsidiary is eligible if it:

· Has<br> no public liability; and
· Has<br> an ultimate or intermediate parent that produces consolidated financial statements available<br> for public use that comply with IFRS Accounting Standards.

Company management estimates that the adoption of the standards, interpretations and amendments described above will not have a material impact on the Company's consolidated financial statements in the period of initial application.

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3 – FINANCIAL REPORTING BYSEGMENT

The Company provides financial information by segments according to IFRS 8 “Operating Segments,” which establishes standards for reporting by operating segment and related disclosures for products and services, and geographic areas.

The Company’s Board of Directors and Management measures and assesses performance of operating segments based on the operating income of each of the countries where there are Coca-Cola franchises.

The operating segments are determined based on the presentation of internal reports to the Company´s chief strategic decision-maker. The chief operating decision-maker has been identified as the Company´s Board of Directors who makes the Company’s strategic decisions.

The following operating segments have been determined for strategic decision making based on geographic location:

· Operation<br> in Chile
· Operation<br> in Brazil
· Operation<br> in Argentina
· Operation<br> in Paraguay

The four operating segments conduct their businesses through the production and sale of soft drinks and other beverages, as well as packaging materials.

Expenses and revenue associated with the Corporate Officer were assigned to the operation in Chile in the soft drinks segment because Chile is the country that manages and pays the corporate expenses, which would also be substantially incurred, regardless of the existence of subsidiaries abroad.

Total revenues by segment include sales to unrelated customers and inter-segments, as indicated in the consolidated statement of income of the Company.

27

A summary of the Company's operations by segment according to IFRS is as follows:

For the period ended December 31, 2024 Operation in <br><br>Chile Operation in <br><br>Argentina Operation in <br><br>Brazil Operation in <br><br>Paraguay Inter-segment <br><br>eliminations Consolidated <br><br>Total
ThCh ThCh ThCh ThCh ThCh ThCh
Revenues from ordinary activities 1,245,017,869 798,447,268 909,678,045 282,065,004 (10,975,181 3,224,233,005
Cost of sales (824,059,469 (428,873,483 (542,292,798 (161,442,839 11,305,181 (1,945,363,408
Distribution expenses (101,148,705 (106,646,693 (66,879,135 (15,312,475 - (289,987,008
Administrative expenses (200,770,283 (180,872,313 (141,148,019 (39,010,598 (561,801,213
Financial income 10,879,956 (2,505,917 19,571,322 1,014,557 - 28,959,918
Financial costs (32,598,203 (11,204,328 (26,611,352 - - (70,413,883
Share of entity in income of associates accounted for using the equity method, total (2,298,261 - 3,295,905 - - 997,644
Income tax expense (42,534,666 (35,815,666 (48,040,456 (7,001,858 - (133,392,646
Oher income (expenses) (26,486,958 7,091,473 1,526,372 (719,171 - (18,588,284
Net income of the segment reported 26,001,280 39,620,341 109,099,884 59,592,620 330,000 234,644,125
Depreciation and amortization 51,077,980 47,953,737 36,388,203 16,021,013 (330,000 151,110,933
Current assets 528,419,153 174,373,750 224,628,287 85,774,550 - 1,013,195,740
Non-current assets 867,381,313 387,082,375 728,698,570 294,746,275 - 2,277,908,533
Segment assets, total 1,395,800,466 561,456,125 953,326,857 380,520,825 - 3,291,104,273
Carrying amount in associates accounted for using the equity method, total 46,683,997 - 38,508,713 - - 85,192,710
Segment disbursements of non-monetary assets 105,146,894 76,780,061 93,640,763 15,973,893 - 291,541,611
Current liabilities 426,497,211 186,311,088 240,103,614 53,232,081 - 906,143,994
Non-current liabilities 923,267,523 49,094,282 378,537,102 19,664,352 - 1,370,563,259
Segment liabilities, total 1,349,764,734 235,405,370 618,640,716 72,896,433 - 2,276,707,253
Cash flows (used in) provided by in Operating Activities 237,563,057 33,918,565 70,270,360 15,489,929 - 357,241,911
Cash flows (used in) provided by Investing Activities (163,677,289 (75,645,230 (34,556,219 (15,973,893 - (289,852,631
Cash flows (used in) provided by Financing Activities (77,241,755 32,332,916 (73,477,219 (1,372,118 - (119,758,176

All values are in US Dollars.

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For the period ended December 31, 2023 Operation in <br><br>Chile Operation in <br><br>Argentina Operation in <br><br>Brazil Operation in <br><br>Paraguay Inter-segment <br><br>eliminations Consolidated <br><br>Total
ThCh ThCh ThCh ThCh ThCh ThCh
Revenues from ordinary activities 1,191,974,011 460,337,955 745,382,614 223,840,649 (3,098,177 2,618,437,052
Cost of sales (785,163,742 (234,814,106 (460,648,667 (124,798,917 3,428,177 (1,601,997,255
Distribution expenses (98,940,612 (60,925,828 (55,074,448 (12,866,291 - (227,807,179
Administrative expenses (185,062,364 (98,996,057 (116,836,812 (30,400,282 - (431,295,515
Financial income 12,892,543 8,497,135 9,251,681 754,808 - 31,396,167
Financial costs (31,413,255 (6,174,445 (27,700,652 - - (65,288,352
Share of entity in income of associates accounted for using the equity method, total 320,225 - 2,395,944 - - 2,716,169
Income tax expense (27,867,269 (25,000,923 (27,122,886 (6,003,229 - (85,994,307
Oher income (expenses) (40,422,909 (20,238,217 (1,651,128 (3,343,039 - (65,655,293
Net income of the segment reported 36,316,628 22,685,514 67,995,646 47,183,699 330,000 174,511,487
Depreciation and amortization 44,930,478 23,055,893 31,384,619 13,730,334 (330,000 112,771,324
Current assets 537,875,315 86,006,922 276,111,516 81,777,273 - 981,771,026
Non-current assets 818,222,778 192,749,170 651,665,020 277,112,895 - 1,939,749,863
Segment assets, total **** 1,356,098,093 **** 278,756,092 **** 927,776,536 **** 358,890,168 **** - **** 2,921,520,889
Carrying amount in associates accounted for using the equity method, total 49,790,788 - 42,008,479 - - 91,799,267
Segment disbursements of non-monetary assets 98,330,718 24,421,786 50,018,391 19,936,603 - 192,707,498
Current liabilities 256,032,001 107,654,447 284,887,152 44,297,696 692,871,296
Non-current liabilities 965,276,582 23,188,614 300,646,803 18,552,180 1,307,664,179
Segment liabilities, total **** 1,221,308,583 **** 130,843,061 **** 585,533,955 **** 62,849,876 **** - **** 2,000,535,475
Cash flows (used in) provided by in Operating Activities 196,897,114 32,330,115 118,389,616 19,213,391 - 366,830,236
Cash flows (used in) provided by Investing Activities (224,464,143 (24,421,513 110,533,381 (19,936,603 - (158,288,878
Cash flows (used in) provided by Financing Activities 19,739,413 3,911,735 (209,887,714 (890,232 - (187,126,798

All values are in US Dollars.

29

4 – CASH AND CASH EQUIVALENTS

The composition of cash and cash equivalents is as follows:

By item 12.31.2024
ThCh ThCh$
Cash 360,472 552,062
Bank balances 139,876,935 119,335,228
Other fixed rate instruments 108,661,597 183,796,393
Cash and cash equivalents 248,899,004 303,683,683

All values are in US Dollars.

Other fixed income instruments correspond primarily to investments in short-term instruments with good credit ratings, such as Time Deposits and Mutual Funds, which are highly liquid, with insignificant risk of change in value and easily converted into known amounts of cash. An amount of CLP 6,878,230 is subject to restrictions on the use of cash and cash equivalents as it is committed to the purchase of real estate assets.

By currency
ThCh ThCh$
14,817,741 9,462,829
234,718 437,604
ARS 12,461,057 18,340,987
CLP 140,155,381 140,758,085
PYG 32,690,023 38,469,449
BRL 48,540,084 96,214,729
Cash and cash equivalents 248,899,004 303,683,683

All values are in US Dollars.

5 – OTHER CURRENT AND NON-CURRENTFINANCIAL ASSETS

The composition of other financial assets is as follows:

Balance
Current
Other financial assets 12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh$ ThCh ThCh$ ThCh$
Financial assets measured at amortized cost (1) 72,481,578 66,190,949 2,933,957 3,027,052
Financial assets at fair value (2) 4,105,005 1,094,844 144,550,766 78,988,715
Other financial assets (3) - - 21,935,580 11,300,572
Total 76,586,583 67,285,793 169,420,303 93,316,339

All values are in US Dollars.

(1) Financial<br> instrument that does not meet the definition of cash equivalents pursuant to Note 2.13.
(2) Market<br> value of hedging instruments. See details in Note 22.
--- ---
(3) Correspond<br> to the rights in the Argentinean company Alimentos de Soya S.A., manufacturing company of<br> “AdeS” products, which are framed in the purchase of the "AdeS" brand<br> managed by The Coca-Cola Company at the end of 2016.
--- --- 
30

6 – OTHER CURRENT AND NON-CURRENTNON-FINANCIAL ASSETS

The composition of other non-financial assets is as follows:

Balance
Current Non-current
Other non-financial assets 12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
Prepaid expenses
Tax credit remainder (1) (2)
Judicial deposits
Others (3)
Total

All values are in US Dollars.

(1) In November 2006, Rio de<br>Janeiro Refrescos Ltda. ("RJR") filed a court order No. 0021799-23.2006.4.02.5101 seeking recognition of the right to<br>exclude ICMS (Tax on Commerce and Services) from the PIS (Program of Social Integration) and COFINS (Contribution for the Financing of<br>Social Security) calculation base, as well as recognition of the right to obtain reimbursement of amounts unduly collected since November 14,<br>2001, duly restated using the Selic interest rate. On May 20, 2019, the ruling favoring RJR became final, allowing the recovery<br>of amounts overpaid from November 14, 2001 to August 2017. It is worth noting that in September 2017, RJR had already<br>obtained a Security Mandate, which granted it the right to exclude, from that date, the ICMS from the PIS and COFINS calculation base.

The company took steps to assess the total amount of the credit at issue for the period of unduly collection of taxes from November 2001 to August 2017, totaling approximately CLP 100,550 million (CLP 92,783 million at December 2021) (BRL 613 million, of which BRL 370 million corresponds to capital and BRL 243 million to interest and monetary restatement. These amounts were recorded as of December 31, 2019 and recovered as of December 31, 2023.

Companhia de Bebidas Ipiranga, acquired in September 2013, also filed a court order n. 0005018-15.2002.4.03.6110 to recognize the same issue as the one previously descibed for RJR. On September 12, 2019, the ruling favoring Ipiranga became final, allowing the recovery of the amounts overpaid from September 12, 1990 to December 12, 2013 (date on which Ipiranga was acquired by RJR). The Ipiranga credit will be generated in the name of RJR, however pursuant to a contractual clause ("Subscription Agreement for Shares and Exhibits"), which requireds RJR to transfer any gain resulting from this action to the former shareholders of Ipiranga. The Company performed procedures to assess the total amount of the credit in question for the tax period expired, totaling BRL 162,588, of which BRL 80,177 correspond to principal and BRL 82,411 correspond to interest and monetary restatement. These amounts were recorded in the year ended December 31, 2020. The payment of income tax is made at the time of liquidation of the credit, with which the respective deferred tax liability of BRL 55,280 was recorded. The value of PIS and Cofins recorded was BRL 7,623 thousand.

As of the date of these financial statements, the amount to be transferred to the former shareholders of Ipiranga is CLP 21,693,201 or BRL 134,808 thousand (CLP 30,830,785 or BRL 170,176 thousand at December 31, 2023). The liability is included in trade accounts and other accounts payables (Note 18).

(2) The<br> Company obtained a favorable final judgment in the Federal Proceeding No. 5089101-22.2022.4.02.5101,<br> pending before the 30th Federal Court of Rio de Janeiro, recognizing its right to recover<br> the PIS and COFINS credits for payment of an amount higher than the amount owed due to an<br> increase in the basis of calculation (including the amount of a state tax - ICMS-ST). The<br> lawsuit was filed on 11/22/2022 and relates to the credit for the period from 11/22/2017<br> to 8/26/2024 in the total amount of BRL200,266,717 (with BRL 144,539,175 corresponding to<br> principal and BRL 55,727,543 corresponding to the monetary adjustment for the Selic rate<br> until 12/31/2024). The total amount of the credit recorded, net of taxes and fees, is CLP<br> 24,951,904 or BRL 155,058. The Company will initiate procedures before the Receita Federal<br> of Brazil to validate this credit and begin offsetting the federal tax liability.
(3) Other<br> non-financial assets are mainly composed of advances to suppliers.
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31

7 – TRADE ACCOUNTS AND OTHERACCOUNTS RECEIVABLE

The composition of other non-financial assets is as follows:

The composition of trade and other receivables is as follows:

Current Non-current
Trade debtors and other accounts receivable, Net 12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
Trade debtors
Other debtors
Other accounts receivable
Total

All values are in US Dollars.

Current Non-current
Trade debtors and other accounts receivable, Gross 12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
Trade debtors
Other debtors
Other accounts receivable
Total

All values are in US Dollars.

The stratification of the portfolio for current and non-current trade accounts receivable, without impairment impact, is as follows:

12.31.2024 12.31.2023
ThCh ThCh
Less than one month 276,941,661 239,907,074
Between one and three months
Between three and six months
Between six and eight months
Older than eight months
Total

All values are in US Dollars.

The Company has approximately 2271,887 clients, which may have balances in the different sections of the stratification. The number of clients is distributed geographically with 69,926 in Chile, 85,350 in Brazil, 64,611 in Argentina and 52,000 in Paraguay.

The provision for expected credit losses associated with each tranche of the portfolio for current and non-current trade receivables is as follows:

12.31.2024
Credit amount Impairment provision Percentage**%**
ThCh ThCh
Less than one month ) 0.42 %
Between one and three months ) 8.13 %
Between three and six months ) 74.94 %
Between six and eight months ) 30.20 %
Older than eight months ) 96.80 %
Total )

All values are in US Dollars.

32

12.31.2023
Credit amount Impairment provision Percentage%
ThCh ThCh
Less than one month ) 0.16 %
Between one and three months ) 10.88 %
Between three and six months ) 21.60 %
Between six and eight months ) 68.09 %
Older than eight months ) 40.99 %
Total )

All values are in US Dollars.

The movement in the allowance for expected credit losses is presented below:

12.31.2024 12.31.2023
ThCh ThCh
Opening balance
Increase (decrease)
Provision reversal ) )
Increase (decrease) for changes of foreign currency ) )
Sub – total movements ) )
Ending balance

All values are in US Dollars.

The provision for expected credit losses is recorded as an administrative expense in the statements of income by function.

8 – INVENTORIES

The composition of inventories is detailed as follows:

Details 12.31.2024 12.31.2023
ThCh ThCh
Raw materials (1)
Finished goods
Spare parts and supplies
Work in progress
Other inventories
Obsolescence provision (2) ) )
Total

All values are in US Dollars.

The cost of inventories recognized as cost of sales as of December 31, 2024 and 2023 amounts to CLP 1,584,826,536 thousand and CLP 1,346,516,486 thousand, respectively.

(1) Approximately<br> 80% is composed of concentrate and sweeteners used in the preparation of beverages, as well<br> as caps and PET supplies used in the packaging of the product.
(2) The<br> obsolescence provision is related mainly with the obsolescence of spare parts classified<br> as inventories and to a lesser extent to finished products and raw materials. The general<br> standard is to provision all those multi-functional spare parts without utility in rotation<br> in the last four years prior to the technical analysis technical to adjust the provision.<br> In the case of raw materials and finished products, the obsolescence provision is determined<br> according to maturity.
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33

9 – TAX ASSETS AND LIABILITIES

The composition of current tax accounts receivable is the following:

Tax assets 12.31.2024 12.31.2023
ThCh ThCh
Monthly provisional payments
Tax credits
Recoverable taxes from prior years
Surplus Tax Credit
Other Recoverable Taxes
Total

All values are in US Dollars.

The composition of current tax accounts payable is the following:

Current
Tax liabilities 12.31.2024 12.31.2023
ThCh ThCh
Income tax expense
Other
Total

All values are in US Dollars.

10 – INCOME TAX EXPENSE, DEFERREDTAXES AND OTHER TAXES

10.1 Income tax expense

The current and deferred income tax expenses are detailed as follows:

Details 12.31.2024 12.31.2023
ThCh ThCh
Current income tax expense (116,949,330) (58,334,583)
Current tax adjustment previous period ) )
Foreign dividends tax withholding expense ) )
Other current tax expense (income) ) )
Current income tax expense ) )
Expense (income) for the creation and reversal of temporary differences of deferred tax and others ) )
Expense (income) for deferred taxes ) )
Total income tax expense ) )

All values are in US Dollars.

34

The distribution of national and foreign tax expenditure is as follows:

Income taxes 12.31.2024 12.31.2023
ThCh ThCh
Current taxes
Foreign ) )
National ) )
Current tax expense ) )
Deferred taxes
Foreign ) )
National ) )
Deferred tax expense ) )
Income tax expense ) )

All values are in US Dollars.

The reconciliation of the tax expense using the statutory rate with the tax expense using the effective rate is as follows:

Reconciliation of effective rate 12.31.2024 12.31.2024
ThCh ThCh
Net income before taxes
Tax expense at legal rate (27.0%) ) )
Effect of tax rate in other jurisdictions ) )
Permanent differences:
Withholding and other non-taxable income ) )
Non-deductible expenses ) )
Tax effect on excess tax provision in previous periods ) )
Tax effect of price-level restatement for Chilean companies ) )
Subsidiaries tax withholding expense and other legal tax debits and credits )
Adjustments to tax expense ) )
Tax expense at effective rate ) )
Effective rate % %

All values are in US Dollars.

The applicable income tax rates in each of the jurisdictions where the Company operates are the following:

Rates
Country 2024 2023
Chile 27.00 % 27.00 %
Brazil 34.00 % 34.00 %
Argentina 35.00 % 35.00 %
Paraguay 10.00 % 10.00 % 
35

10.2 Deferred taxes

The net cumulative balances of temporary differences resulted in deferred tax assets and liabilities, which are detailed as follows:

12.31.2024 12.31.2023
Temporary differences Assets Liabilities Assets Liabilities
ThCh ThCh ThCh ThCh
Property, plant and equipment ) )
Obsolescence provision
ICMS exclusion credit )
Employee benefits )
Provision for severance indemnity )
Tax loss carry forwards (1)
Tax goodwill Brazil (2) ) )
Contingency provision
Foreign Exchange differences (3) )
Allowance for doubtful accounts
Coca-Cola incentives (Argentina)
Assets and liabilities for placement of bonds ) )
Financial expense ) )
Lease liabilities
Inventories
Distribution rights (4) ) )
Prepaid income )
Spare parts ) )
Intangibles ) )
Others ) )
Tax inflation adjustment )
Subtotal ) )
Offsetting of deferred tax assets/(liabilities) ) )
Total assets and liabilities net ) )

All values are in US Dollars.

(1) Tax<br> losses mainly associated with entities in Chile. Tax losses have no expiration date in Chile.
(2) Difference<br> for tax amortization of Goodwill in Brazil.
(3) Corresponds<br> to deferred taxes for exchange rate differences generated on the translation of debts expressed<br> in foreign currency in the subsidiary Rio de Janeiro Refrescos Ltda., that for tax purposes<br> are recognized when paid.
(4) Distribution<br> rights arising from business combinations. See Note 15.

Deferred tax account movements are as follows:

Movement 12.31.2024 12.31.2023
ThCh ThCh
Opening balance ) )
Increase (decrease) in deferred tax ) )
Increase (decrease) due to foreign currency translation(*)
Total movements ) )
Ending balance ) )

All values are in US Dollars.

(*) Includes IAS 29 effects due to inflation in Argentina

36

10.3 Other deferred taxes

On January 24, 2024, Rio de Janeiro Refrescos Ltda. entered into an agreement with the State Secretariat of Economic Development, Industry, Commerce and Services (Secretaría de Estado de Hacienda, Gobierno del Estado de Rio de Janeiro). As a result, the company was granted a differentiated sales tax treatment for its industrial plant in the city of Duque de Caxias. This tax incentive is expected to result in higher operating margins for the Company for the period 2024 to 2032, provided that certain turnover levels are met. Consequently, for the year 2024, the Company has accrued higher profits amounting to approximately CLP 3,740,000 thousand.

11 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at the close of each period is detailed as follows:

Property, plant and equipment, gross 12.31.2024
ThCh ThCh$
Construction in progress 128,215,798 96,126,388
Land 123,895,947 115,737,432
Buildings 436,959,682 356,340,587
Plant and equipment 883,485,697 709,047,901
Information technology equipment 38,690,860 35,069,078
Fixed installations and accessories 79,376,966 43,914,423
Vehicles 93,948,092 81,294,395
Leasehold improvements 417,335 420,586
Rights of use 101,789,265 100,265,151
Other properties, plant and equipment (1) 591,042,877 425,204,655
Total Property, plant and equipment, gross 2,477,822,519 1,963,420,596

All values are in US Dollars.

Accumulated depreciation of Property, plant and equipment 12.31.2024 12.31.2023
ThCh ThCh
Buildings (154,234,604 (130,708,389
Plant and equipment (604,950,321 (494,072,229
Information technology equipment (28,031,257 (25,646,570
Fixed installations and accessories (51,636,433 (28,383,356
Vehicles (58,719,029 (48,042,781
Leasehold improvements (333,299 (351,552
Rights of use (66,670,171 (66,973,796
Other properties, plant and equipment (1) (415,473,833 (296,853,112
Total accumulated depreciation (1,380,048,947 (1,091,031,785
Total Property, plant and equipment, net 1,097,773,572 872,388,811

All values are in US Dollars.

(1) The net balance of each of these categories is presented below:

Other Property, plant and equipment, net 12.31.2024
ThCh ThCh$
Bottles 52,405,316 43,683,655
Marketing and promotional assets (market assets) 87,694,964 72,164,433
Other Property, plant and equipment 35,468,764 12,503,455
Total 175,569,044 128,351,543

All values are in US Dollars.

37

11.1 Movements

Movements in Property, plant and equipment are detailed as follows:

Construction<br> <br><br>in progress Land Buildings,<br> net Plant<br> and <br><br>equipment,<br><br>net IT<br> equipment,<br><br>net Fixed<br> <br><br>facilities and <br><br>accessories,<br><br>net Vehicles,<br> net Leasehold<br><br><br> improvements, <br><br>net Others Rights-of-use,<br> <br><br>net (1) Property,<br> plant <br><br>and equipment, <br><br>net
ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Opening<br> balance at 01.01.2024 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
Additions 176,217,015 - 4,864,795 22,486,660 2,277,835 304,637 8,265,490 9,867 75,744,148 - 290,170,447
Right-of use additions - - - - - - - - - 12,348,946 12,348,946
Disposals - (127,759 (833,890 (297,450 (7,002 (118,918 (480,928 - (6,204,638 (62,786 (8,133,371
Transfers between items of Property,<br> plant and equipment (134,329,091 3,713,656 43,572,212 62,388,806 2,145,890 8,391,578 1,094,118 48,874 13,194,706 (220,749 -
Right-of-use transfers - - - - - - - - - -
Depreciation expense - - (10,722,943 (38,015,053 (3,989,250 (3,348,747 (6,710,478 (31,229 (64,154,852 (126,972,552
Amortization (16,452,010 (16,452,010
Increase (decrease) due to foreign<br> currency translation differences 13,620,466 4,572,618 20,338,726 13,733,575 1,036,332 6,980,916 (506,611 (12,929 35,646,625 5,997,508 101,407,226
Other incerease<br> (decrease) (2) (23,418,980 - (126,020 3,263,166 (226,710 - 315,858 419 (7,008,488 216,830 (26,983,925
Total<br> movements 32,089,410 8,158,515 57,092,880 63,559,704 1,237,095 12,209,466 1,977,449 15,002 47,217,501 1,827,739 225,384,761
Ending balance al 12.31.2024 128,215,798 123,895,947 282,725,078 278,535,376 10,659,603 27,740,533 35,229,063 84,036 175,569,044 35,119,094 1,097,773,572

All values are in US Dollars.

(1) Right<br> of use assets is composed as follows:
Right-of-use Gross asset Net asset
--- --- --- --- --- ---
ThCh ThCh ThCh$
Constructions and buildings 24,518,751 (10,751,991 13,766,760
Plant and Equipment 55,846,552 (38,939,105 16,907,447
IT equipment 999,207 (631,045 368,162
Motor vehicles 14,696,107 (10,646,117 4,049,990
Others 5,728,648 (5,701,913 26,735
Total 101,789,265 (66,670,171 35,119,094

All values are in US Dollars.

Lease liabilities interest expenses at the closing of the period reached ThCh$ 3,277,261

(2) Corresponds<br>mainly to the effect of adopting IAS 29 in Argentina. 
38

Construction<br> in progress Land Buildings,<br> net Plant<br> and equipment, net IT<br> equipment, net Fixed<br> facilities and accessories, net Vehicles,<br> net Leasehold<br> improvements, net Others Rights-of-use,<br> net (1) Property,<br> plant and equipment, net
ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Opening<br> 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,<br> 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<br> 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<br> (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<br> 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

All values are in US Dollars.

(1) Right<br> of use assets is composed as follows:
Right-of-use Gross asset 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

All values are in US Dollars.

Lease liabilities interest expenses at the closing of the period reached ThCh$ 2,616,945

(2) Corresponds<br>mainly to the effect of adopting IAS 29 in Argentina. 
39

12 – RELATED PARTIES

Balances and main transactions with related parties are detailed as follows:

12.1 Accounts receivable:
12.31.2023
--- --- --- --- --- --- --- ---
Taxpayer<br> ID Company Relationship Country Currency Non-current Current Non-current
ThCh ThCh ThCh
96.891.720-K Embonor S.A. Shareholder related Chile CLP
77.526.480-2 Comercializadora Nova Verde Common shareholder Chile CLP
Foreign Sorocaba Refrescos Shareholder related Brazil BRL
76.140.057-6 Monster Associate Chile CLP
86.881.400-4 Envases CMF S.A. Associate Chile CLP
96.517.210-2 Embotelladora Iquique S.A. Shareholder related Chile CLP
96.714.870-9 Coca-Cola de Chile S.A. Shareholder Chile CLP
76.572.588-7 Coca-Cola del Valle New Ventures<br> S.A. Associate Chile CLP
Foreign Embotelladoras Bolivianas Unidas<br> S.A. Shareholder related Bolivia
Foreign The Coca-Cola Export Corporation Shareholder related Panama
77.427.659-9 Re-Ciclar<br> S.A. Shareholder<br> related Chile CLP
Total

All values are in US Dollars.

12.2 Accounts payable:
12.31.2023
--- --- --- --- --- --- --- ---
Taxpayer ID Company Relationship Country Currency Non-current Current Non-current
ThCh ThCh ThCh
Foreign Recofarma do Indústrias<br> Amazonas Ltda. Shareholder related Brazil BRL
96.714.870-9 Coca-Cola de Chile S.A. Shareholder Chile CLP
Foreign Ser. y Prod. para Bebidas Refrescantes<br> S.R.L. Shareholder Argentina ARS
86.881.400-4 Envases CMF S.A. Associate Chile CLP
Foreign Coca-Cola Company Shareholder Paraguay PYG
Foreign Monster Energy Company –<br> USA Shareholder related Argentina PYG
77.526.480-2 Comercializadora Nova Verde S.A. Common shareholder Chile CLP
Foreign Monster Energy Brasil Com de<br> Bebidas Ltda. Shareholder related Brazil BRL
76.572.588-7 Coca Cola del Valle New Ventures<br> S.A. Associate Chile CLP
96.891.720-K Embonor S.A. Shareholder related Chile CLP
Foreign Leão Alimentos e Bebidas<br> Ltda. Associate Brazil BRL
Foreign The Coca- Cola Export Corporation Shareholder related Panamá
Foreign Monster Energy Company –<br> EEUU Shareholder related Argentina PYG
Foreign Alimentos de Soja S.A.U. Shareholder related Argentina ARS
89.996.200-1 Envases<br> del Pacifico S.A. Shareholder<br> related Chile CLP
Total

All values are in US Dollars.

40

12.3 Transactions:
Taxpayer<br> ID Company Relationship Country Transaction<br> description Currency Accumulated<br> at 12.31.2024 Accumulated<br> at 12.31.23
--- --- --- --- --- --- --- ---
ThCh ThCh
96.714.870-9 Coca-Cola de Chile<br> S.A. Shareholders Chile Purchase of concentrate CLP
96.714.870-9 Coca-Cola de Chile S.A. Shareholders Chile Purchase of advertising services<br> and others CLP
96.714.870-9 Coca-Cola de Chile S.A. Shareholders Chile Lease of water source CLP
96.714.870-9 Coca-Cola de Chile S.A. Shareholders Chile Sale of raw materials and others CLP
96.714.870-9 Coca-Cola de Chile S.A. Shareholders Chile Minimum dividend CLP
86.881.400-4 Envases CMF S.A. Associate Chile Purchase of containers CLP
86.881.400-4 Envases CMF S.A. Associate Chile Purchase of raw materials CLP
86.881.400-4 Envases CMF S.A. Associate Chile Purchase of services and others CLP
86.881.400-4 Envases CMF S.A. Associate Chile Purchase of containers CLP
86.881.400-4 Envases CMF S.A. Associate Chile Sale of containers/raw materials CLP
93.281.000-K Coca-Cola Embonor S.A. Common shareholder Chile Sale of finished products CLP
93.281.000-K Coca-Cola Embonor S.A. Common shareholder Chile Sale of services and others CLP
93.281.000-K Coca-Cola Embonor S.A. Common shareholder Chile Sale of raw materials and inputs CLP
96.891.720-K Embonor S.A. Shareholder related Chile Minimum dividend CLP
96.517.310-2 Embotelladora Iquique S.A. Shareholder related Chile Sale of finished products CLP
89.996.200-1 Envases del Pacífico S.A. Director related Chile Purchase of raw materials and<br> inputs CLP
94.627.000-8 Parque Arauco S.A Director related Chile Space lease CLP
Foreign Recofarma do Indústrias<br> Amazonas Ltda. Shareholder related Brazil Purchase of concentrate BRL
Foreign Recofarma do Indústrias<br> Amazonas Ltda. Shareholder related Brazil Sale of water source BRL
Foreign Recofarma do Indústrias<br> Amazonas Ltda. Shareholder related Brazil Lease of water source BRL
Foreign Serv. y Prod. para Bebidas Refrescantes<br> S.R.L. Shareholder related Argentina Purchase of concentrate ARS
Foreign Serv. y Prod. para Bebidas Refrescantes<br> S.R.L. Shareholder related Argentina Advertising rights awards and<br> others ARS
Foreign KAIK Participações Associate Brazil Reimbursement and other purchases BRL
Foreign Leão Alimentos e Bebidas<br> Ltda. Associate Brazil Purchase of products BRL
Foreign Sorocaba Refrescos S.A. Associate Brazil Purchase of products BRL
76.572.588-7 Coca-Cola Del Valle New Ventures<br> SA Associate Chile Sale of services and others CLP
76.572.588-7 Coca-Cola Del Valle New Ventures<br> SA Associate Chile Purchase of services and others CLP
Foreign Alimentos de Soja S.A.U. Shareholder related Argentina Payment of fees and services ARS
Foreign Alimentos de Soja S.A.U. Shareholder related Argentina Purchase of products ARS
Foreign Alimentos de Soja S.A.U. Shareholder related Argentina Marketing services ARS
Foreign Trop Frutas do Brasil Ltda. Associate Brazil Purchase of products BRL
77526480-2 Comercializadora Novaverde S.A. Common shareholder Chile Sale of raw materials CLP
77526480-2 Comercializadora Novaverde S.A. Common shareholder Chile Sale of finished products CLP
77526480-2 Comercializadora Novaverde S.A. Common shareholder Chile Sale of services and others CLP
77526480-2 Comercializadora Novaverde S.A. Common shareholder Chile Purchase of finished products CLP
77526480-2 Comercializadora Novaverde S.A. Common shareholder Chile Advertising services and others CLP
77526480-2 Comercializadora Novaverde S.A. Common shareholder Chile Cold equipment maintenance CLP
77526480-2 Comercializadora Novaverde S.A. Common shareholder Chile Purchase of raw materials CLP
97.036.000-K Banco Santander Chile. Director/Manager/Executive Chile Purchase of services CLP
Foreign Monster Energy Brasil Comercio<br> de Bebidas Ltda. Equity investee Brazil Purchase of products BRL
33-0520613 Monster Energy Company - USA Equity investee U.S.A. Purchase of advertising material CLP
76140057-6 Monster Energy Company - CHILE Subsidiary Chile Sale of advertising services<br> and others CLP
76140057-6 Monster Energy Company - CHILE Subsidiary Chile Purchase of advertising services<br> and others CLP
76140057-6 Monster Energy Company - CHILE Subsidiary Chile Purchase of finished products CLP
76140057-6 Monster Energy Company - CHILE Subsidiary Chile Sale of finished products CLP
Foreign The Coca-Cola Export Corporation<br> Panama Shareholder related Chile Purchase of products and others CLP
Foreign The Coca-Cola Export Corporation<br> Panama Shareholder related Chile Sale of finished CLP
Foreign The Coca-Cola Export Corporation<br> Atlanta Shareholder related Chile Purchase of products and others CLP

All values are in US Dollars.

41

12.4 Salaries and benefits received by key management

Salaries and benefits paid to the Company’s key management personnel including directors and managers are detailed as follows:

Description 12.31.2024 12.31.2024
ThCh ThCh
Executive wages, salaries and benefits
Director allowances
Accrued benefits and payments during the fiscal year
Total

All values are in US Dollars.

13 – CURRENT AND NON-CURRENTEMPLOYEE BENEFITS

Employee benefits are detailed as follows:

Description 12.31.2024 12.31.2023
ThCh ThCh
Accrued vacation
Participation in profits and bonuses
Severance indemnity
Total

All values are in US Dollars.

ThCh ThCh
Current
Non-current
Total

All values are in US Dollars.

13.1 Severance indemnities

Movements in employee benefits and valued as mentioned in note 2, are as follows:

Movements 12.31.2024 12.31.2023
ThCh ThCh
Opening balance
Service costs
Interest costs
Actuarial variations )
Benefits paid ) )
Total

All values are in US Dollars.

42

13.1.1 Assumptions

The actuarial assumptions used are detailed as follows:

Assumptions 12.31.2024 12.31.2023
Discount rate 2.15 % 2.26 %
Expected salary increase rate 2.0 % 2.0 %
Turnover rate 7.53 % 7.62 %
Mortality rate RV-2020 RV-2020
Retirement age of women 60 years 60 years
Retirement age of men 65 years 65 years

The result of changes in severance indemnities resulting from the sensitization of the actuarial assumptions at the valuation date is presented below:

Sensitivity to discount rate ThCh
Variation in the provision due to an increase of up to 100 basis points )
Variation in the provision for a decrease of up to 100 basis points

All values are in US Dollars.

Sensitivity to salary increase ThCh
Variation in the provision due to an increase of up to 100 basis points
Variation in the provision for a decrease of up to 100 basis points )

All values are in US Dollars.

13.2 Personnel expenses

Personnel expenses included in the consolidated statement of income are as follows:

Description 12.31.2024 12.31.2024
ThCh ThCh
Wages and salaries
Employee benefits
Severance benefits
Other personnel expenses
Total

All values are in US Dollars.

43

14 – INVESTMENTS IN ASSOCIATESACCOUNTED FOR USING THE EQUITY METHOD

14.1 Description

Investments in associates are accounted for using the equity method. Investments in associates are detailed as follows:

Functional Investment value Ownership<br> interest
TAXPAYER ID Name Country currency 12.31.2024 12.31.2023 12.31.2024 12.31.2023
86.881.400-4 Envases CMF S.A. (1) Chile CLP 21,243,928 21,025,975 50.00 % 50.00 %
Foreign Leão Alimentos e Bebidas Ltda. (2) Brazil BRL 10,874,632 10,636,778 10.26 % 10.26 %
Foreign Kaik Participações Ltda. (2) Brazil BRL 448,687 1,551,253 11.32 % 11.32 %
Foreign SRSA Participações Ltda. Brazil BRL 52,333 59,875 40.00 % 40.00 %
Foreign Sorocaba Refrescos S.A. Brazil BRL 27,132,918 28,875,351 40.00 % 40.00 %
Foreign Trop Frutas do Brasil Ltda. (3) Brazil BRL - 885,062 0 % 6.10 %
76.572.588.7 Coca-Cola del Valle New Ventures S.A. Chile CLP 25,440,212 28,764,973 35.00 % 35.00 %
Total 85,192,710 91,799,267
(1) In<br> Envases CMF S.A., regardless of the ownership interest, it was determined that no controlling<br> interest was held, only a significant influence, given that there was not a majority vote<br> of the Board of Directors to make strategic business decisions.
--- ---
(2) In<br> these companies, regardless of the ownership interest, it has been defined that the Company<br> has significant influence, given that it has the right to appoint directors.
--- ---
(3) The<br> interest held in Trop Frutas do Brasil Ltda. was disposed of in May 2024.
--- ---

Envases CMF S.A.

Chilean entity whose corporate purpose is to manufacture and sell plastic material products and beverage bottling and packaging services. The business relationship is to supply plastic bottles, preforms and caps to Coca-Cola bottlers in Chile.

Leão Alimentos e Bebidas Ltda.

Brazilian entity whose corporate purpose is to manufacture and commercialize food, beverages in general and beverage concentrates. Invest in other companies. The business relationship is to produce non-carbonated products for Coca-Cola bottlers in Brazil.

Kaik Participações Ltda.

Brazilian entity whose corporate purpose is to invest in other companies with its own resources.

SRSA Participações Ltda.

Brazilian entity whose corporate purpose is the purchase and sale of real estate investments and property management, supporting the business of Rio De Janeiro Refrescos Ltda. (Andina Brazil).

Sorocaba Refrescos S.A.

Brazilian entity whose corporate purpose is to manufacture and commercialize food, beverages in general and beverage concentrates, in addition to investing in other companies. It has commercial relationship with Rio de Janeiro Refrescos Ltda. (Andina Brazil).

Trop Frutas do Brasil Ltda.

Brazilian entity whose corporate purpose is to manufacture, commercialize and export natural fruit pulp and coconut water. The business relationship is to produce products for Coca-Cola bottlers in Brazil.

Coca-Cola del Valle New Ventures S.A.

Chilean entity whose corporate purpose is to manufacture, distribute and commercialize all kinds of juices, waters and beverages in general. The business relationship is to produce waters and juices for Coca-Cola bottlers in Chile.

44

14.2 Movements

The movement of investments in other entities accounted for using the equity method is shown below:

Description 12.31.2024 12.31.2023
ThCh ThCh
Opening balance
Dividends declared ) )
Share in operating income
Impairment Trop Frutas do Brasil Ltda. )
Impairment Coca-Cola del Valle New Ventures S.A. )
Disposal of Trop Frutas do Brasil Ltda. )
Other increase (decrease) in investments in associates* )
Ending balance

All values are in US Dollars.

*Mainly due to foreign exchange rates

The main movement is explained by dividends declared in 2024 and 2023 corresponding to Envases CMF S.A. and Sorocaba Refrescos S.A., in addition to the impairment of Coca-Cola del Valle New Ventures S.A. (see Note 2.8).

14.3 Reconciliation of share ofprofit in investments in associates:
Description 12.31.2024 12.31.2024
--- --- --- --- ---
ThCh ThCh
Share in operating income
Unrealized earnings from product inventory acquired from associates and not sold at the end of the period, which is presented as a discount in the respective asset account (containers and / or inventory) ) )
Amortization of goodwill on preferred stock CCDV S.A. )
Income statement balance

All values are in US Dollars.

45

14.4 Summary financial informationof associates:

At December 31, 2024

Envases<br> CMF S.A. Sorocaba<br> Refrescos S.A. Kaik<br> Participações Ltda. SRSA<br> Participações Ltda. Leão<br> Alimentos e Bebidas Ltda. Coca-Cola<br> del Valle New Ventures S.A.
ThCh ThCh ThCh ThCh ThCh ThCh
Short term assets
Long term assets
Total assets
Short term liabilities
Long term liabilities
Total liabilities
Total Equity
Total revenue from ordinary<br> activities
Net income before taxes ) )
Net income after taxes ) )
Other comprehensive income ) )
Total comprehensive income )
Reporting date (See Note<br> 2.3)

All values are in US Dollars.

At December 31, 2023

Envases<br> CMF S.A. Sorocaba<br> Refrescos S.A. Kaik<br> Participações Ltda. SRSA<br> Participações Ltda. Leão<br> Alimentos e Bebidas Ltda. Trop<br> Frutas do Brasil Ltda. Coca-Cola<br> del Valle New Ventures S.A.
ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Short term assets
Long term assets
Total assets
Short term liabilities
Long term liabilities
Total liabilities
Total Equity
Total revenue from ordinary<br> activities
Net income before taxes ) )
Net income after taxes ) ) )
Other comprehensive income ) )
Total comprehensive income ) ) )
Reporting date (See Note<br> 2.3)

All values are in US Dollars.

46

15 – INTANGIBLE ASSETS OTHERTHAN GOODWILL

Intangible assets other than goodwill are detailed as follows:

December 31, 2024 December 31, 2023
Description Gross Value Accumulated Amortization / <br>Impairment Net Value Gross Value Accumulated Amortization / <br>Impairment Net Value
ThCh ThCh ThCh ThCh ThCh ThCh
Distribution rights (1) ) )
Software ) )
Water rights
Trademarks indefinite useful life (2)
Trademarks definite useful life (3) ) )
Others ) )
Total ) )

All values are in US Dollars.

(1) Correspond<br> to brands, water rights and distribution rights. Distribution rights are contractual rights<br> to produce and distribute Coca-Cola products in certain parts of Argentina, Brazil, Chile<br> and Paraguay. Distribution rights result from the valuation process at fair value of the<br> assets and liabilities of the companies acquired in business combinations. Production and<br> distribution contracts are renewable for periods of 5 years with Coca-Cola. The nature of<br> the business and renewals that Coca-Cola has permanently done on these rights, allow qualifying<br> them as indefinite contracts.

Distribution rights together with the assets that are part of the cash-generating units, are annually subjected to the impairment test. Such distribution rights have an indefinite useful life, are not subject to amortization. Rights in Chile related to AdeS were provisioned for impairment pursuant to the annual tests performed. See Note 2.8.

(2) On<br> September 21, 2021 Coca-Cola Andina together with Coca-Cola Femsa, acquired the Brazilian<br> beer brand Therezópolis for BRL 70 million. Each bottler bought 50% of the brand.<br> This transaction is part of the company’s long-term strategy to complement its beer<br> portfolio in Brazil. The transaction was completed and approved by CADE (Brazilian Administrative<br> Council of Economic Defense). In September of that same year, Andina recorded an intangible<br> asset under the Therezópolis brand for BRL 35 million with an indefinite useful life.
(3) Correspond<br> to distribution rights that did not arise from business combinations. These rights are subject<br> to amortization.
--- ---
Distribution rights 12.31.2024 12.31.2023
--- --- ---
ThCh ThCh
Chile (excluding Metropolitan Region, Rancagua and San Antonio)
Brazil (Rio de Janeiro, Espirito Santo, Riberão Preto and the investments in Sorocaba and Leão Alimentos y Bebidas Ltda.)
Paraguay
Argentina (North and South)
Total

All values are in US Dollars.

47

The movement and balances of identifiable intangible assets are detailed as follows:

December 31, 2024
Description Distribution <br>rights Software Water rights Trademarks <br>indefinite <br>useful life Trademarks <br>definite <br>useful life Others Total
ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Opening balance
Additions
Amortization /Impairment ) ) )
Other increases (decreases) (1)(2) ) ) )
Ending balance

All values are in US Dollars.

December 31, 2023
Description Distribution <br>rights Software Water rights Trademarks <br>indefinite <br>useful life Trademarks <br>definite <br>useful life Others Total
ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Opening balance
Additions
Amortization ) ) )
Other increases (decreases) (1) )
Ending balance

All values are in US Dollars.

(1) Mainly<br> corresponds to restatement due to the effects of translation of distribution rights of foreign<br> subsidiaries.
(2) The rights in Chile related to<br>AdeS were provisioned for impairment according to the annual tests performed. See Note 2.8. 
48

16 – GOODWILL

Movement in Goodwill is detailed as follows:

Cash Generating Unit 01.01.2024 Foreign currency translation differences 12.31.2024
ThCh ThCh ThCh
Chilean operation
Brazilian operation )
Argentine operation
Paraguayan operation
Total

All values are in US Dollars.

Cash Generating Unit 01.01.2023 Foreign currency translation differences 12.31.2023
ThCh ThCh ThCh
Chilean operation
Brazilian operation
Argentine operation )
Paraguayan operation
Total )

All values are in US Dollars.

17 – OTHER CURRENT AND NON-CURRENTFINANCIAL LIABILITIES

Liabilities are detailed as follows:

Balance
Current Non-current
12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
Bank loans (Note 17.1.1 - 3)
Bonds payable, net ^(1)^ (Note 17.2)
Bottle guaranty deposits
Derivative contract liabilities (Note 17.3)
Lease liabilities (Note 17.4.1 - 2)
Total

All values are in US Dollars.

^(1)^ Amounts net of issuance expenses and discounts related to issuance.

49

The fair value of financial assets and liabilities is presented below:

Book value Fair value Book value Fair value
Current 12.31.2024 12.31.2024 12.31.2023 12.31.2023
ThCh ThCh ThCh ThCh
Cash and cash equivalent (2)
Financial assets at fair value (1)
Trade debtors and other accounts receivable (2)
Accounts receivable related companies (2)
Bank liabilities (2)
Bonds payable (2)
Bottle guaranty deposits (2)
Forward contracts liabilities (see Note 22) (1)
Leasing agreements (2)
Accounts payable (2)
Accounts payable related companies (2)

All values are in US Dollars.

Book value Fair value Book value Fair value
Non-current 12.31.2024 12.31.2024 12.31.2023 12.31.2023
ThCh ThCh ThCh ThCh
Financial assets at fair value (1)
Non-current accounts receivable (2)
Accounts receivable related companies (2)
Bank liabilities (2)
Bonds payable (2)
Leasing agreements (2)
Non-current accounts payable (2)
Derivative contracts liabilities (see Note 22) (1)
Accounts payable related companies (2)

All values are in US Dollars.

(1) Fair<br> values are based on discounted cash flows using market discount rates at the close of the<br> six-month and one-year period and are classified as Level 2 of the fair value measurement<br> hierarchies.
(2) Financial<br> instruments such as: Cash and Cash Equivalents, Trade debtors and Other Accounts Receivable,<br> Accounts Receivable related companies, Bottle Guarantee Deposits Trade Accounts Payable,<br> and Other Accounts Payable related companies present a fair value that approximates their<br> carrying value, considering the nature and term of the obligation. The business model is<br> to maintain the financial instrument in order to collect/pay contractual cash flows, in accordance<br> with the terms of the contract, where cash flows are received/cancelled on specific dates<br> that exclusively constitute payments of principal plus interest on that principal. These<br> instruments are revalued at amortized cost. 
50

17.1 Bank liabilities
17.1.1 Bank liabilities, current
--- ---
Maturity Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Indebted Entity Creditor Entity **** Type of Nominal **** Up<br> to 90<br> days to At At
Taxpayer<br> ID Name Country Taxpayer<br> ID Name Country Currency Amortization Rate 90<br> days 1<br> year 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
96.705.990-0 Envases Central S.A. Chile 97.006.000-6 Banco Estado Chile CLP Semiannually 2.00 %
96.705.990-0 Envases Central S.A. Chile 97.006.000-6 Banco Estado Chile CLP Semiannually 1.28 %
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Scotiabank Chile S.A. Chile CLP Semiannually 9.49 %
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Scotiabank Chile S.A. Chile UF Semiannually 3.32 %
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Banco de Chile Chile CLP At maturity 6.00 %
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Banco Bice Chile CLP At maturity 6.40 %
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Banco Bice Chile CLP At maturity 6.60 %
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Banco de Chile Chile CLP At maturity 6.30 %
91.144.000-8 Embotelladora Andina S.A. Chile 97.023.000-9 Itau Corpbanca Chile UF At maturity 0.18 %
91.144.000-8 Embotelladora Andina S.A. Chile 97.023.000-9 Itau Corpbanca Chile UF At maturity 0.18 %
91.144.000-8 Embotelladora Andina S.A. Chile 97.023.000-9 Itau Corpbanca Chile USD At maturity 0.18 %
Foreign Embotelladora del Atlántico<br> S.A. Argentina Foreign Banco<br> Galicia S.A. Argentina USD At maturity 0.15 %
Foreign Embotelladora del Atlántico<br> S.A. Argentina Foreign Banco<br> Galicia S.A. Argentina USD At maturity 0.16 %
Foreign Embotelladora del Atlántico<br> S.A. Argentina Foreign Banco<br> Nación S.A. Argentina ARS At maturity 0.16 %
Foreign Embotelladora del Atlántico<br> S.A. Argentina Foreign Banco<br> Nación S.A. Argentina ARS At maturity 0.48 %
Foreign Embotelladora del Atlántico<br> S.A. Argentina Foreign Banco<br> Coinag Argentina ARS At maturity 0.43 %
Foreign Embotelladora del Atlántico<br> S.A. Argentina Foreign Banco<br> Comafi S.A. Argentina ARS At maturity 0.46 %
Foreign Embotelladora del Atlántico<br> S.A. Argentina Foreign Banco<br> Macro Argentina ARS At maturity 0.33 %
Foreign Andina Empaques Argentina S.A. Argentina Foreign Banco<br> Galicia S.A. Argentina USD At maturity 0.18 %
Foreign Andina Empaques<br> Argentina S.A. Argentina Foreign Banco<br> Galicia S.A. Argentina ARS At maturity 0.48 %
Total

All values are in US Dollars.

17.1.2 Bank liabilities, non-current
Maturity
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Indebted<br> entity Creditor<br> entity Type<br> of Nominal 1<br> year up to
Taxpayer<br> ID Name Country Taxpayer<br> ID Name Country Currency Amortization Rate 2<br> years
ThCh ThCh ThCh ThCh ThCh ThCh$
**** **** **** **** **** **** **** **** **** **** Total

All values are in US Dollars.

51

17.1.3 Bank liabilities, non-currentprevious year
Maturity
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Indebted entity Creditor entity Type of Nominal 1 year up to
Taxpayer ID Name Country Taxpayer ID Name Country Currency Amortization Rate 2 years
ThCh ThCh ThCh ThCh ThCh ThCh$
96.705.990-0 Envases Central S.A. Chile 97.006.000-6 Banco Estado Chile CLP Semiannually 2.00 % - - 4,000,000 - - 4,000,000
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Scotiabank Chile S.A. Chile CLP Semiannually 9.49 % - 4,500,000 - - - 4,500,000
77.427.659-9 Re-Ciclar S.A. Chile 97.018.000-1 Scotiabank Chile S.A. Chile UF Semiannually 3.32 % - 4,903,691 - - - 4,903,691
**** **** **** **** **** **** **** **** **** **** **** **** **** **** **** Total 13,403,691

All values are in US Dollars.

17.1.4 Current and non-current bankobligations “Restrictions”

Bank obligations are not subject to restrictions for the reported periods.

17.2 Bond obligations

On September 20, 2023, the Company issued corporate bonds in the Swiss public market for CHF 170 million. The operation consisted of a 5-year issue with bullet structure and an annual coupon of 2.7175%. Simultaneously, derivatives (Cross Currency Swaps) have been contracted through our subsidiary in Brazil (Rio de Janeiro Refrescos) to hedge 100% of the financial obligations of the bond that are denominated in Swiss francs by redenominating such liabilities to Brazilian reais.

Current Non-current Total
Composition of bonds payable 12.31.2024 12.31.2023 12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh ThCh ThCh
Bonds face value ^1^

All values are in US Dollars.

17.2.1 Current and non-current balances

Bonds payable correspond to bonds in UF issued by the parent company on the Chilean market, bonds in U.S. dollars issued by the Parent Company on the U.S. market and the Swiss public market . A detail of these instruments is presented below:

Current Non-current
Bonds Series Current<br> nominal amount Adjustment<br> unit Final<br> maturity Interest<br> payment 12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
CMF Registration<br> 254 06.13.2001 B 507,481 UF 6.5 % 12.01.2026 Semiannually
CMF Registration 641 08.23.2010 C 954,545 UF 4.0 % 08.15.2031 Semiannually
CMF Registration 760 08.20.2013 D 4,000,000 UF 3.8 % 08.16.2034 Semiannually
CMF Registration 760 04.02.2014 E 3,000,000 UF 3.75 % 03.01.2035 Semiannually
CMF Registration 912 10.10.2018 F 5,700,000 UF 2.83 % 09.25.2039 Semiannually
U.S. Bonds 2050<br> 01.01.2020 - 300,000,000 3.95 % 01.21.2050 Semiannually
Swiss Bond<br> 2024  09.20.2024 - 170,000,000 CHF 2.7175 % 09.20.2028 Annual
Total

All values are in US Dollars.

^1^ Gross amounts do not include issuance expenses and discounts related to issuance.

52

17.2.2 Non-current maturities
Year of maturity Total Non-current
--- --- --- --- --- --- ---
Serie More than 1<br>up to 2 More than 2<br>up to 3 More than 3<br>up to 4 More than 5 12.31.2024
ThCh ThCh ThCh ThCh ThCh
CMF Registration 254 06.13.2001 B
CMF Registration 641 08.23.2010 C
CMF Registration 760 08.20.2013 D
CMF Registration 760 04.02.2014 E
CMF Registration 912 10.10.2018 F
U.S. Bonds 2050 01.21.2020 -
Swiss Bond 2024 09.20.2024 -
Total

All values are in US Dollars.

17.2.3 Market rating

The bonds issued on the Chilean market had the following rating:

AA+ : ICR Compañía Clasificadora de Riesgo Ltda. rating
AA+ : Fitch Chile Clasificadora de Riesgo Limitada rating

The rating of bonds issued on the international market had the following rating:

BBB : S&P<br>Global Ratings
BBB+ : Fitch<br>Ratings Inc.
17.2.4 Restrictions
--- ---
17.2.4.1 Restrictions regarding bondsplaced abroad.
--- ---

Obligations with bonds placed abroad are not affected by financial restrictions for the periods reported.

17.2.4.2 Restrictions regarding bondsplaced in the local market.

The following financial information was used for calculating restrictions:

12.31.2024
ThCh
Average net financial debt last 4 quarters
Net financial debt
Unencumbered assets
Total unsecured liabilities
EBITDA LTM
Net financial expenses LTM

All values are in US Dollars.

Restrictions on the issuance of bondsfor a fixed amount registered under number 254, series B1 and B2.

· Maintain<br> an Indebtedness Level not greater than three point five times the EBITDA. For these purposes,<br> "Indebtedness Level" will be considered as the ratio between /a/ the average over<br> the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated<br> EBITDA in the period of twelve consecutive months ending at the closing of the latest "Consolidated<br> Financial Statements of Income by Function". 
53

“Consolidated Net Financial Liabilities” will be considered as the result of : /i/ "Other Financial Liabilities, Current", plus /ii/ "Other Financial Liabilities, Non-Current", minus /iii/ the sum of "Cash and Cash Equivalents"; plus "Other Financial Assets, Current"; plus "Other Financial Assets, Non-Current" (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities);

“EBITDA” will be considered as the addition of the following accounts of the "Consolidated Financial Statements of Income by Function" contained in the Issuer's Consolidated Financial Statements: "Revenues from Ordinary Activities", "Cost of Sales", "Distribution Costs", "Administrative Expenses" and "Other Expenses, by function", discounting the value of "Depreciation" and "Amortization for the Year" presented in the Notes to the Issuer's Consolidated Financial Statements.

As of the date of these financial statements, this ratio was 1.31 times.

· Maintain,<br> and in no manner lose, sell, assign or transfer to a third party, the geographical area currently<br> denominated as the “Metropolitan Region” (Región Metropolitana)<br> as a territory in Chile in which we have been authorized by The Coca-Cola Company for the<br> development, production, sale and distribution of products and brands of the licensor, in<br> accordance to the respective bottler or license agreement, renewable from time to time.
· Not<br> lose, sell, assign, or transfer to a third party any other territory of Argentina or Brazil,<br> which as of this date is franchised by TCCC to the Company for the development, production,<br> sale and distribution of products and brands of such licensor, as long as any of these territories<br> account for more than 40% of the Issuer's Adjusted Consolidated Operating Cash Flow.
--- ---
· Maintain<br> consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least<br> equal to 1.3 times of the issuer’s unsecured consolidated liabilities.
--- ---

Unsecured consolidated liabilities payable shall be regarded as the total liabilities, obligations and debts of the issuer that are not secured by real guarantees on goods and assets of the latter, voluntarily and conventionally constituted by the issuer less the asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities under "Other Current Financial Assets" and "Other non-current Financial Assets" of the Issuer’s Consolidated Statement of Financial Position.

Consolidated Assets free of any pledge, mortgage or other lien will only be regarded as those assets free of any pledge, mortgage or other real lien voluntarily and conventionally constituted by the issuer less asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities and under "Other Current Financial Assets" and "Other non-current Financial Assets" of the Issuer’s Consolidated Statement of Financial Position.

As of the date of these financial statements, this ratio was 1.46 times.

Restrictions to bond lines registeredin the Securities Registered under number 641, series C

· Maintain<br> an Indebtedness Level not greater than three point five times the EBITDA. For these purposes,<br> "Indebtedness Level" will be considered as the ratio between /a/ the average over<br> the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated<br> EBITDA in the period of twelve consecutive months ending at the closing of the latest "Consolidated<br> Financial Statements of Income by Function".

“Consolidated Net Financial Liabilities" will be considered as the result of: /i/ "Other Financial Liabilities, Current", plus /ii/ "Other Financial Liabilities, Non-Current", minus /iii/ the sum of "Cash and Cash Equivalents"; plus "Other Financial Assets, Current"; plus "Other Financial Assets, Non-Current" (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities);

54

"EBITDA" will be considered as the addition of the following accounts of the "Consolidated Financial Statements of Income by Function" contained in the Issuer's Consolidated Financial Statements: "Revenues from Ordinary Activities", "Cost of Sales", "Distribution Costs", "Administrative Expenses" and "Other Expenses, by function", discounting the value of "Depreciation" and "Amortization for the Year" presented in the Notes to the Issuer's Consolidated Financial Statements.

As of the date of these financial statements, this ratio was 1.31 times.

· Maintain<br> consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least<br> equal to 1.3 times of the issuer’s unsecured consolidated liabilities.

Unencumbered assets refer to the assets that are the property of the issuer; classified under Total Assets of the Issuer’s Financial Statements; and that are free of any pledge, mortgage or other liens constituted in favor of third parties, less "Other Current Financial Assets" and "Other Non-Current Financial Assets" of the Issuer’s Financial Statements (to the extent they correspond to asset balances of derivative financial instruments, taken to hedge exchange rate and interest rate risk of the financial liabilities).

Unsecured total liabilities correspond to liabilities from Total Current Liabilities and Total Non-Current Liabilities of Issuer’s Financial Statement which do not benefit from preferences or privileges, less "Other Current Financial Assets" and "Other Non-Current Financial Assets" of the Issuer’s Financial Statements (to the extent they correspond to asset balances of derivative financial instruments, taken to hedge exchange rate and interest rate risk of the financial liabilities).

As of the date of these financial statements, this ratio was 1.46 times.

· Maintain<br> a level of "Net Financial Coverage" greater than 3 times in its quarterly financial<br> statements. Net financial coverage means the ratio between the issuer's EBITDA of the last<br> 12 months and the issuer's Net Financial Expenses in the last 12 months. Net Financial Expenses<br> will be regarded as the difference between the absolute value of interest expense associated<br> with the issuer's financial debt account, accounted for under "Financial Costs";<br> and interest income associated with the issuer's cash accounted for under the Financial Income<br> account. However, this restriction shall be deemed to have been breached where the mentioned<br> level of net financial coverage is lower than the level previously indicated during two consecutive<br> quarters.

As of the date of these financial statements, Net Financial Coverage was 11.88 times.

Restrictions to bond lines registeredin the Securities Registrar under number 760, series D and E.

· Maintain<br> an Indebtedness Level not greater than three point five times the EBITDA. For these purposes,<br> "Indebtedness Level" will be considered as the ratio between /a/ the average over<br> the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated<br> EBITDA in the period of twelve consecutive months ending at the closing of the latest "Consolidated<br> Financial Statements of Results by Function".

“Consolidated Net Financial Liabilities" will be considered as the result of : /i/ "Other Financial Liabilities, Current", plus /ii/ "Other Financial Liabilities, Non-Current", minus /iii/ the sum of "Cash and Cash Equivalents"; plus "Other Financial Assets, Current"; plus "Other Financial Assets, Non-Current" (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities);

“EBITDA" will be considered as the addition of the following accounts of the "Consolidated Financial Statements of Income by Function" contained in the Issuer's Consolidated Financial Statements: "Revenues from Ordinary Activities", "Cost of Sales", "Distribution Costs", "Administrative Expenses" and "Other Expenses, by function", discounting the value of "Depreciation" and "Amortization for the Year" presented in the Notes to the Issuer's Consolidated Financial Statements.

55

As of the date of these financial statements, this ratio was 1.31 times.

· Maintain<br> consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least<br> equal to 1.3 times of the issuer’s unsecured consolidated liabilities payable.

Unsecured Consolidated Liabilities Payable shall be regarded as the total liabilities, obligations and debts of the issuer that are not secured by real guarantees on goods and assets of the latter, voluntarily and conventionally constituted by the issuer less the asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities under "Other Current Financial Assets" and "Other non-current Financial Assets" of the Issuer’s Consolidated Statement of Financial Position.

The following will be considered in determining Consolidated Assets: assets free of any pledge, mortgage or other lien, as well as those assets having a pledge, mortgage or real encumbrances that operate solely by law, less asset balances of derivative financial instruments, taken to hedge exchange rate or interest rate risks on financial liabilities under "Other Current Financial Assets" and "Other non-current Financial Assets" of the Issuer’s Consolidated Financial Statements. Therefore, Consolidated Assets free of any pledge, mortgage or other lien will only be regarded as those assets free of any pledge, mortgage or other real lien voluntarily and conventionally constituted by the issuer less asset balances of derivative financial instruments, taken to cover exchange rate or interest rate risks on financial liabilities and under "Other Current Financial Assets" and "Other non-current Financial Assets" of the Issuer’s Consolidated Statement of Financial Position.

As of the date of these financial statements, this ratio was 1.46 times.

· Maintain,<br> and in no manner, lose, sell, assign or transfer to a third party, the geographical area<br> currently denominated as the “Metropolitan Region” as a territory franchised<br> to the Issuer in Chile by The Coca-Cola Company, hereinafter also referred to as "TCCC"<br> or the "Licensor" for the development, production, sale and distribution of products<br> and brands of said licensor, in accordance to the respective bottler or license agreement,<br> renewable from time to time. Losing said territory means the non-renewal, early termination<br> or cancellation of this license agreement by TCCC, for the geographical area today called<br> "Metropolitan Region". This reason shall not apply if, as a result of the loss,<br> sale, transfer or disposition, of that licensed territory is purchased or acquired by a subsidiary<br> or an entity that consolidates in terms of accounting with the Issuer.
· Not<br> lose, sell, assign, or transfer to a third party any other territory of Argentina or Brazil,<br> which as of the issuance date of these instruments is franchised by TCCC to the Issuer for<br> the development, production, sale and distribution of products and brands of such licensor,<br> as long as any of these territories account for more than 40% of the Issuer's Adjusted Consolidated<br> Operating Cash Flow of the audited period immediately before the moment of loss, sale, assignment<br> or transfer. For these purposes, the term "Adjusted Consolidated Operating Cash Flow"<br> shall mean the addition of the following accounting accounts of the Issuer's Consolidated<br> Statement of Financial Position: (i) "Gross Profit" which includes regular<br> activities and cost of sales; less (ii) "Distribution Costs"; less (iii) "Administrative<br> Expenses"; plus (iv) "Participation in profits (losses) of associates that<br> are accounted for using the equity method"; plus (v) "Depreciation";<br> plus (vi) "Intangibles Amortization".
--- ---

Restrictions to bond lines registeredin the Securities Registrar under number 912, series F.

· Maintain<br> an Indebtedness Level not greater than three point five times the EBITDA. For these purposes,<br> "Indebtedness Level" will be considered as the ratio between /a/ the average over<br> the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated<br> EBITDA in the period of twelve consecutive months ending at the closing of the latest "Consolidated<br> Financial Statements of Results by Function".

"Consolidated Net Financial Liabilities" will be considered as the result of : /i/ "Other Financial Liabilities, Current", plus /ii/ "Other Financial Liabilities, Non-Current", minus /iii/ the sum of "Cash and Cash Equivalents"; plus "Other Financial Assets, Current"; plus "Other Financial Assets, Non-Current" (to the extent that they correspond to the balances of assets for derivative financial instruments, taken to hedge exchange rate and/or interest rate risk of financial liabilities);

56

"EBITDA" will be considered as the sum of the following accounts of the "Consolidated Financial Statements of Income by Function" contained in the Issuer's Consolidated Financial Statements: "Revenues from Ordinary Activities", "Cost of Sales", "Distribution Costs", "Administrative Expenses" and "Other Expenses, by function", discounting the value of "Depreciation" and "Amortization for the Year" presented in the Notes to the Issuer's Consolidated Financial Statements.

As of the date of these financial statements, this ratio was 1.31 times.

· Maintain<br> consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least<br> equal to 1.3 times of the issuer’s unsecured consolidated liabilities payable. Unsecured<br> Consolidated Liabilities Payable shall be regarded as the total liabilities, obligations<br> and debts of the issuer that are not secured by real guarantees on goods and assets of the<br> latter, voluntarily and conventionally constituted by the issuer less the asset balances<br> of derivative financial instruments, taken to cover exchange rate or interest rate risks<br> on financial liabilities under "Other Current Financial Assets" and "Other<br> non-current Financial Assets" of the Issuer’s Consolidated Statement of Financial<br> Position. The following will be considered in determining Consolidated Assets: assets free<br> of any pledge, mortgage or other lien, as well as those assets having a pledge, mortgage<br> or real encumbrances that operate solely by law, less asset balances of derivative financial<br> instruments, taken to hedge exchange rate or interest rate risks on financial liabilities<br> under "Other Current Financial Assets" and "Other non-current Financial Assets"<br> of the Issuer’s Consolidated Financial Statements. Therefore, Consolidated Assets free<br> of any pledge, mortgage or other lien will only be regarded as those assets free of any pledge,<br> mortgage or other real lien voluntarily and conventionally constituted by the issuer less<br> asset balances of derivative financial instruments, taken to cover exchange rate or interest<br> rate risks on financial liabilities and under "Other Current Financial Assets"<br> and "Other non-current Financial Assets" of the Issuer’s Consolidated Statement<br> of Financial Position.

As of the date of these financial statements, this ratio was 1.46 times.

· Not<br> lose, sell, assign, or transfer to a third party any other territory of Argentina or Brazil,<br> which as of the issuance date of local bonds Series C, D and E is franchised by TCCC<br> to the Issuer for the development, production, sale and distribution of products and brands<br> of such licensor, as long as any of these territories account for more than 40% of the Issuer's<br> Adjusted Consolidated Operating Cash Flow of the audited period immediately before the moment<br> of loss, sale, assignment or transfer. For these purposes, the term "Adjusted Consolidated<br> Operating Cash Flow" shall mean the addition of the following accounting accounts of<br> the Issuer's Consolidated Statement of Financial Position: (i) "Gross Profit"<br> which includes regular activities and cost of sales; less (ii) "Distribution Costs";<br> less (iii) "Administrative Expenses"; plus (iv) "Participation in<br> profits (losses) of associates that are accounted for using the equity method"; plus<br> (v) "Depreciation"; plus (vi) "Intangibles Amortization".

As of the date of these financial statements, the Company complies with all financial covenants.

17.3 Derivative contract obligations

Please see details in Note 22.

57

17.4 Liabilities for leasing agreements
17.4.1 Current liabilities for leasingagreements
--- ---
Maturity Total
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Indebteded<br> Entity Creditor<br> Entity Type<br> of Nominal Up<br> to 90<br> days and At At
Name Country Tax<br> ID Name Country Currency Amortization Rate 90<br> days 1<br> year 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
Rio de Janeiro<br> Refrescos Ltda. Brazil Foreign Cogeração<br> - Light ESCO Brazil BRL Monthly 13.00 %
Rio de Janeiro Refrescos Ltda. Brazil Foreign Tetra Pack Brazil BRL Monthly 7.65 %
Rio de Janeiro Refrescos Ltda. Brazil Foreign Real estate Brazil BRL Monthly 8.18 %
Rio de Janeiro Refrescos Ltda. Brazil Foreign Leão Brazil BRL Monthly 11.25 %
Embotelladora del Atlántico<br> S.A. Argentina Foreign Tetra Pak SRL Argentina USD Monthly 12.00 %
Embotelladora del Atlántico<br> S.A. Argentina Foreign Real estate Argentina ARS Monthly 50.00 %
Embotelladora del Atlántico<br> S.A. Argentina Foreign Systems Argentina USD Monthly 12.00 %
Embotelladora del Atlántico<br> S.A. Argentina Foreign Real estate Argentina ARS Monthly 12.00 %
Vital Jugos S:A Chile 76.080.198-4 De Lage Landen Chile S.A Chile USD Monthly 4.08 %
Vital Jugos S.A. Chile 77.951.700-4 Sig Combibloc Chile SPA. Chile EUR Monthly 9.22 %
Vital Aguas S.A Chile 76.572.588-7 Coca Cola del Valle New Ventures<br> S.A Chile CLP Monthly 11.24 %
Envases Central S.A Chile 76.572.588-7 Coca Cola del Valle New Ventures<br> S.A Chile CLP Monthly 3.86 %
Envases Central S.A Chile 76.572.588-7 Coca Cola del Valle New Ventures<br> S.A Chile UF Monthly 9.22 %
Transportes Polar S.A. Chile 76.413.243-2 Cons. Inmob. e Inversiones Limitada Chile UF Monthly 2.89 %
Transportes Polar S.A. Chile 76.536.499-K Jungheinrich Rentalift SPA Chile UF Monthly 4.11 %
Transportes Polar S.A. Chile 93.075.000-k Importadora Técnica Vignola<br> SAIC Chile UF Monthly 3.67 %
Transportes Polar S.A. Chile 93.075.000-k Inversiones La Verbena Ltda, Chile UF Monthly 3.43 %
Transporte Andina Refrescos<br> Ltda Chile 78.861.790-9 Comercializador Novaverde Limitada Chile UF Monthly 3.87 %
Transporte Andina Refrescos<br> Ltda Chile 78.861.790-9 Comercializador Novaverde Limitada Chile UF Monthly -
Transporte Andina Refrescos<br> Ltda Chile 76.536.499-K Jungheinrich Rentalift SPA Chile UF Monthly 2.88 %
Transporte Andina Refrescos<br> Ltda Chile 76.536.499-K Jungheinrich Rentalift SPA Chile UF Monthly 4.11 %
Transporte Andina Refrescos<br> Ltda Chile 85.275.700-0 Arrendamiento De Maquinaria SPA Chile UF Monthly 5.39 %
Transporte Andina Refrescos<br> Ltda Chile 85.275.700-0 Arrendamiento De Maquinaria SPA Chile UF Monthly 0.45 %
Red de transportes comerciales<br> Ltda Chile 76.930.501-7 Inmobiliaria Ilog Avanza Park Chile UF Monthly 2.48 %
Embotelladora<br> Andina S.A. Chile 91.144.000-8 Inversiones<br> La Verbena Ltda. Chile UF Monthly 3.43 %

All values are in US Dollars.

The Company maintains leases on forklifts, vehicles, real estate and machinery. These leases have an average lifespan of between one and eight years without including a renewal option in the contracts.

58

17.4.2 Non-current liabilities for leasing agreements
Maturity
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Indebted<br> Entity Creditor<br> Entity Type<br> of Nominal 1<br> year up to 2<br> years up to 3<br> years up to 4<br> years up to More<br> than At
Name Country Taxpayer<br> ID Name Country Currency Amortization Rate 2<br> years 3<br> years 4<br> years 5<br> years 5<br> years 12.31.2024
ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Cogeração<br> - Light ESCO Brazil BRL Monthly 13.00 % 1,513,809 1,710,604 1,932,983 521,301 , 5,678,697
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Tetra<br> Pack Brazil BRL Monthly 7.65 % 482,012 567,424 667,972 754,477 637,981 3,109,866
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Real<br> estate Brazil BRL Monthly 8.18 % 866,320 380,045 195,378 , , 1,441,743
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Leao<br> Alimentos e Bebidas Ltda. Brazil BRL Monthly 11.25 % 30,939 29,057 - - - 59,996
Embotelladora<br> del Atlántico S.A. Argentina Foreign Tetra<br> Pak SRL Argentina USD Monthly 12.00 % 597,759 597,759 597,759 564,406 197,521 2,555,204
Embotelladora<br> del Atlántico S.A. Argentina Foreign Real<br> estate Argentina ARS Monthly 50.00 % 15,078 - - - , 15,078
Embotelladora<br> del Atlántico S.A. Argentina Foreign Real<br> estate Argentina USD Monthly 12.00 % 102,638 74,851 , - , 177,489
Embotelladora<br> del Atlántico S.A. Argentina Foreign Sistemas Argentina USD Monthly 12.00 % 389,010 327,827 278,698 278,698 859,320 2,133,553
Vital<br> Jugos S.A Chile 77.951.198-4 Sig<br> Combibloc Chile SPA. Chile Euro Monthly 9.22 % 172,072 188,625 206,770 226,661 226,879 1,021,007
Transporte<br> Andina Refrescos Ltda Chile 76.536.499-k Jungheinrich<br> Rentalift SPA Chile UF Monthly 4.11 % 865,182 901,419 867,356 - - 2,633,957
Transportes<br> Polar S.A. Chile 76.413.243-2 Inversiones<br> La Verbena Chile UF Monthly 3.43 % 187,008 229,809 352,080 - - 768,897
Transportes<br> Polar S.A. Chile 76.536.499-K Jungheinrich<br> Rentalift SPA Chile UF Monthly 4.11 % 381,213 397,180 378,677 - - 1,157,070
Transportes<br> Polar S.A. Chile 93.075.000-k Importadora<br> Técnica Vignola SAIC Chile UF Monthly 3.67 % 22,910 - - - - 22,910
Embotelladora<br> Andina S.A Chile 91.144.000-8 Inversiones<br> La Verbena Ltda. Chile UF Monthly 3.43 % 24,049 29,876 33,189 28,540 - 115,654
Total 20,891,121
17.4.3 Non-current liabilities for leasing agreements (previousyear)
--- ---
Maturity
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Indebted entity Creditor entity Amortization Nominal 1 year up to 2<br> years up to 3<br> years up to 4 years up to More than At
Name Country Taxpayer ID Name Country Currency Type 2 years 2 years 3 years 4 years 5 years 5 years 12.31.2023
ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Cogeração<br> - Light ESCO Brazil BRL Monthly 12.28 % 1,508,279 1,704,356 1,925,922 2,176,292 586,918 7,901,767
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Tetra<br> Pack Brazil BRL Monthly 7.39 % 572,983 633,670 700,981 775,654 1,514,109 4,197,397
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Real<br> Estate Brazil BRL Monthly 8.10 % 351,697 316,738 166,992 - - 835,427
Rio<br> de Janeiro Refrescos Ltda. Brazil Foreign Leão<br> Alimentos e Bebidas Ltda. Brazil BRL Monthly 3.50 % 298,867 34,834 32,714 - - 366,415
Embotelladora<br> del Atlántico S.A. Argentina Foreign Tetra<br> Pak SRL Argentina USD Monthly 12.00 % 473,164 236,582 473,164 236,582 325,300 1,744,792
Embotelladora<br> del Atlántico S.A. Argentina Foreign Real<br> Estate Argentina ARS Monthly 50.00 % 3,505 1,752 - - - 5,257
Embotelladora<br> del Atlántico S.A. Argentina Foreign Real<br> Estate Argentina USD Monthly 12.00 % 391,171 195,586 329,479 164,740 1,009,031 2,090,007
Embotelladora<br> del Atlántico S.A. Argentina Foreign Systems Argentina USD Monthly 12.00 % 30,877 15,438 - - - 46,315
Vital<br> Jugos S.A. Chile Foreign De<br> Lage Landen Chile S.A Chile USD Monthly 5.49 % 166,326 - - - - 166,326
Vital<br> Jugos S.A. Chile 77.951.198-4 Sig<br> Combibloc Chile SPA. Chile EUR Monthly 39.22 % 215,369 107,685 238,039 119,019 446,054 1,126,166
Transportes<br> Andina Refrescos Ltda. Chile 85.275.700-0 Arrendamiento<br> De Maquinaria SPA Chile UF Monthly 0.45 % 40,226 20,113 - - - 60,339
Transportes<br> Andina Refrescos Ltda. Chile 76.536.499-k Jungheinrich<br> Rentalift SPA Chile UF Monthly 0.24 % 631,973 315,986 - - - 947,959
Transportes<br> Andina Refrescos Ltda. Chile 76.536.499-k Jungheinrich<br> Rentalift SPA Chile UF Monthly 0.34 % 1,082,507 541,253 1,124,173 562,086 - 3,310,018
Red<br> de Transportes Comerciales Ltda. Chile 76.930.501-7 Inmobiliaria<br> Ilog Avanza Park Chile UF Monthly 2.48 % 235,140 117,570 - - - 352,709
Transportes<br> Polar S.A. Chile 76.413.243-2 Cons.<br> Inmob. e Inversiones Limitada Chile UF Monthly 2.89 % 51,013 25,506 - - - 76,519
Transportes<br> Polar S.A. Chile 76.536.499-K Jungheinrich<br> Rentalift SPA Chile UF Monthly 4.11 % 484,434 242,217 495,328 247,664 - 1,469,643
Transportes<br> Polar S.A. Chile 93.075.000-k Importadora<br> Técnica Vignola SAIC Chile UF Monthly 3.67 % 76,480 38,240 - - - 114,721
Total 24,811,777

Leasing agreement obligations are not subject to financial restrictions for the reported periods.

59

18 – TRADE ANDOTHER ACCOUNTS PAYABLE

Trade and other accounts payable are detailed as follows:

Classification 12.31.2024
ThCh ThCh$
Current 457,074,643 428,911,984
Non-current 2,534,836 2,392,555
Total 459,609,479 431,304,539

All values are in US Dollars.

Item 12.31.2024
ThCh ThCh
Trade accounts payable 319,605,026 296,701,188
Withholding tax 77,122,183 74,435,775
Others (1) 62,882,270 60,167,576
Total 459,609,479 431,304,539

All values are in US Dollars.

(1) Other current considers the account payable to former shareholders of Companhia de Bebidas Ipiranga ("CBI"). See Note 6<br>for further information.

19 – OTHER PROVISIONS,CURRENT AND NON-CURRENT

19.1 Balances

The composition of provisions is as follows:

Description 12.31.2024
ThCh ThCh$
Litigation (1) 55,425,799 54,801,896
Total 55,245,799 54,801,896
Current 1,522,426 1,314,106
Non-current 53,723,373 53,487,790
Total 55,245,799 54,801,896

All values are in US Dollars.

(1) Correspond to the provision made for the probable losses of tax, labor and commercial contingencies, according to the following detail:
Description (see note 23.1) 12.31.2024
--- --- --- ---
ThCh ThCh$
Tax contingencies 29,416,543 29,637,064
Labor contingencies 13,912,282 13,200,665
Civil contingencies 11,916,974 11,964,167
Total 55,245,799 54,801,896

All values are in US Dollars.

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19.2 Movements

The movement of principal provisions over litigation is detailed as follows:

Description 12.31.2024 12.31.2023
ThCh ThCh
Opening balance at January 1^st^ 54,801,896 48,695,427
Additional provisions 189,356 (44,497
Increase (decrease) in existing provisions 13,550,379 6,680,379
Used provision (payments made charged to the provision) (7,232,750 (4,139,270
Reversal of unused provision (17,716 -
Increase (decrease) due to foreign exchange rate differences (6,045,366 3,609,857
Total 55,245,799 54,801,896

All values are in US Dollars.

20 – OTHER NON-FINANCIAL LIABILITIES

Other current and non-current non-financial liabilities at each reporting period end are detailed as follows:

Current Non-current
Description 12.31.2024 12.31.2023 12.31.2024 12.31.2023
ThCh ThCh ThCh ThCh
Dividends payable
Other
Total

All values are in US Dollars.

(1) Corresponds to prepayment from Coca-Cola de Chile S.A. for a marketing co-participation plan for the penetration of market equipment, which will be developed in the short term.

21 – EQUITY

21.1 Number of shares:
Number of subscribed, paid-in and <br><br>voting shares
--- --- --- --- ---
Series 2024 2023
A 473,289,301 473,289,301
B 473,281,303 473,281,303
21.1.1 Capital:
--- ---
Paid-in and subscribed capital
--- --- ---
Series 2024 2023
ThCh ThCh
A
B
Total

All values are in US Dollars.

61

21.1.2 Rights of each series:
· Series A:<br> Elect 12 of the 14 Directors.
--- ---
· Series B:<br> Receive an additional 10% of dividends distributed to Series A and elects 2 of the 14<br> Directors.
21.2 Dividend policy
--- ---

Under Chilean law, we must distribute cash dividends equivalent to at least 30% of our annual net profit, barring a unanimous vote by shareholders to the contrary. If there is no net profit in a given year, the Company shall not be legally obligated to distribute dividends from accumulated earnings, unless approved by the General Shareholders Meeting. At the General Shareholders’ Meeting held in April 2024, shareholders agreed to pay out of the 2023 earnings a final dividend additional to the 30% required by Chile’s Law on Corporations and an eventual final dividend, which were paid on May 23 and May 30, 2024, respectively.

The dividends declared and/or paid per share are presented below:

Approval-Payment Periods Dividend type Profits imputable to dividends CLP Series A CLP Series B
12.27.2022 01.27.2023 Interim 2022 Earnings 29.00 31.90
04.20.2023 05.09.2023 Final 2022 Earnings 29.00 31.90
04.20.2023 05.26.2023 Final Accumulated profits 50.00 55.00
07.25.2023 08.25.2023 Interim 2023 Earnings 29.00 31.90
09.27.2023 10.26.2023 Interim 2023 Earnings 29.00 31.90
12.28.2023 01.25.2023 Interim 2023 Earnings 32.00 35.20
04.25.2024 05.23.2024 Final Retained Earnings 32.00 35.20
04.25.2024 05.30.2024 Final Retained Earnings 30.00 33.00
07.31.2024 08.14.2024 Interim 2024 Earnings 32.00 35.20
09.25.2024 10.25.2024 Interim 2024 Earnings 32.00 35.20
12.19.2024 01.31.2025 Interim 2024 Earnings 141.00 155.10
21.3 Other reserves
--- ---

The balance of other reserves includes the following:

Concept 12.31.2024 12.31.2024
ThCh ThCh
Polar acquisition 421,701,520 421,701,520
Foreign currency translation reserves (599,259,259 (556,832,899
Cash flow hedge reserve (11,879,833 (24,064,386
Reserve for employee benefit actuarial gains or losses (8,087,069 (6,013,183
Legal and statutory reserves 5,435,538 5,435,538
Other 6,014,568 6,014,568
Total (186,074,535 (153,758,842

All values are in US Dollars.

21.3.1 Polar acquisition

This amount corresponds to the difference between the valuation at fair value of the issuance of shares of Embotelladora Andina S.A. and the book value of the paid capital of Embotelladoras Coca-Cola Polar S.A., which was finally the value of the capital increase notarized in legal terms.

62

21.3.2 Cash flow hedge reserve

They arise from the fair value of the existing derivative contracts that have been qualified for hedge accounting at the end of each financial period. When contracts have expired, these reserves are adjusted and recognized in the income statement in the corresponding period (see Note 22).

21.3.3 Reserve for employee benefit actuarial gains or losses

Corresponds to the restatement effect of employee benefits actuarial gains or losses that according to IAS 19 amendments must be carried to other comprehensive income.

21.3.4 Legal and statutory reserves

In accordance with Official Circular N° 456 issued by the Chilean Financial Market Commission (CMF), the legally required price-level restatement of paid-in capital for 2009 is presented as part of other equity reserves and is accounted for as a capitalization from Other Reserves with no impact on net income or retained earnings under IFRS. This amount totaled CLP 5,435,538 thousand as of December 31, 2009.

21.3.5 Foreign currency translation reserves

This corresponds to the conversion of the financial statements of foreign subsidiaries whose functional currency is different from the presentation currency of the Consolidated Financial Statements. Additionally, exchange differences between accounts receivable kept by the companies in Chile with foreign subsidiaries are presented in this account, which have been treated as investment accounted for using the equity method, Translation reserves are detailed as follows:

Description 12.31.2024 12.31.2024
ThCh ThCh
Brazil (149,362,866 (106,141,988
Argentina (481,188,361 (464,946,783
Paraguay 31,291,968 14,255,872
Total (599,259,259 (556,832,899

All values are in US Dollars.

The movement of this reserve for the periods ended on the dates indicated below, is detailed as follows:

Description 12.31.2024 12.31.2024
ThCh ThCh
Brazil (43,220,877 34,620,409
Argentina (16,241,578 (103,957,934
Paraguay 17,036,095 7,987,992
Total (42,426,360 (61,349,533

All values are in US Dollars.

63

21.4 Non-controlling interests

This is the recognition of the portion of equity and income from subsidiaries owned by third parties. This account is detailed as follows:

Non-controlling interests
Ownership % Shareholders’ Equity Income
December December December December
Description 2024 2023 2024 2023 2024 2023
ThCh ThCh ThCh ThCh
Embotelladora del Atlántico S.A. 0.0171 0.0171
Andina Empaques Argentina S.A. 0.0209 0.0209 )
Paraguay Refrescos S.A. 2.1697 2.1697
Vital S.A. 35.0000 35.0000
Vital Aguas S.A. 33.5000 33.5000
Envases Central S.A. 40.7300 40.7300
Re-Ciclar S.A 40.0000 40.0000 )
Total

All values are in US Dollars.

21.5 Earnings per share

The basic earnings per share presented in the statement of comprehensive income is calculated as the quotient between income for the period and the weighted average number of shares outstanding during the same period.

Earnings per share used to calculate basic and diluted earnings per share is detailed as follows:

Earnings per share 12.31.2024
SERIES A SERIES B TOTAL
Earnings attributable to shareholders (CLP 000’s) 110,792,786 121,870,098 232,662,884
Weighted average  number of shares 473,289,301 473,281,303 946,570,604
Earnings per basic and diluted share (CLP) 234.09 257.50 245.80
Earnings per share 12.31.2024
--- --- --- ---
SERIES A SERIES B TOTAL
Earnings attributable to shareholders (CLP 000’s) 81,639,457 89,801,953 171,441,410
Weighted average  number of shares 473,289,301 473,281,303 946,570,604
Earnings per basic and diluted share (CLP) 172.49 189.74 181.12 
64

22 – DERIVATIVEASSETS AND LIABILITIES

Embotelladora Andina currently maintains “Cross Currency Swaps” and “Currency Forward” agreements as derivative financial instruments.

Cross Currency Swaps (“CCS”), also known as interest rate and currency swaps are valued by the method of discounted future cash flows at a market rate corresponding to the currencies and rates of the transaction.

On the other hand, the fair value of forward currency contracts is calculated in reference to current forward exchange rates for contracts with similar maturity profiles.

As of the date of these financial statements, the Company holds the following derivative instruments:

22.1 Accounting recognition of cross currency and rate swaps

Cross Currency Swaps, associated with localBonds (Chile)

At the closing date of these financial statements, the Company maintains derivative contracts to secure some of its bond debt issued in Unidades de Fomento totaling UF 8,462,025 (UF 8,911,035 as of December 31, 2023), to convert those obligations to CLP.

These contracts were valued at their fair values, resulting in a non-current asset at the closing date of the financial statements of ThCh$ 85,252,373 (non-current asset of ThCh$ 71,053,190 as of December 31, 2023), which is presented within other non-current financial assets. The maturity date of the derivative contracts is distributed in the years 2026, 2031, 2034 and 2035.

Cross Currency Swaps, associated with internationalBonds (U.S.A. and Switzerland)

At the end of the fiscal year, the Company holds derivative contracts linked to US dollar obligations for USD 300 million, of which USD150 million is converted into inflation-adjusted Chilean pesos (UF) and USD 150 million into Chilean pesos (CLP), maturing in 2050. Additionally, derivatives on Swiss franc obligations for CHF 170 million are included, converted to Brazilian reals (BRL), maturing in 2028.

The fair value measurement of the first contract reports a non-current liability of ThCh$17,611,810, while the second contract records a non-current liability of ThCh$24,176,267, resulting in a combined total liability of ThCh$41,788,077 compared to a combined total liability of both of ThCh$52,449,9 25 as of December 31, 2023. The third contract, meanwhile, reflects non-current assets of Th$59,298,394 compared to non-current assets of Th$7,935,524 at the end of 2023.

The amount of exchange differences recognized in the statement of income related to financial liabilities in U.S. dollars and Swiss francs is absorbed by the amounts recognized under comprehensive income.

22.2 Forward currency transactions expected to be very likely

During the years 2024 and 2023 , Embotelladora Andina entered into forward contracts to ensure the exchange rate on future commodity purchasing needs for its 4 operations, closing forward instruments in USD/ARS, USD/BRL, USD/CLP, and USD/PYG. At the closing date of these financial statements, outstanding contracts amount to USD 89.0 million (USD 87.4 million as of December 31, 2023).

Forward contracts that secure future commodity prices have been designated as hedging contracts since they comply with the documentation requirements of IFRS, and therefore their effects on changes in fair value are recorded in other comprehensive income.

65

22.3 Swap of raw material of highly probable expected transactions:

During the year 2024, Embotelladora Andina entered into sugar swap contracts No. 5 to secure the price of future sugar purchases for the Chilean operation. At the closing date of these financial statements, the outstanding contracts amount to USD 1.7 million.

Forward contracts that ensure prices of future raw materials have not been designated as hedge agreements, since they do not fulfill IFRS documentation requirements, whereby its effects on variations in fair value are accounted for directly under other comprehensive income.

22.4 Fair value hierarchy

At the closing date of these financial statements, the Company held assets for derivative contracts for ThCh$ 148,655,771 (ThCh$ 80,083,558 as of December 31, 2023) and held liabilities for derivative contracts for ThCh$ 42,149,462 (ThCh$ 53,908,135 as of December 31, 2023). Those contracts covering existing items have been classified in the same category of hedged items, the net amount of derivative contracts by concepts covering forecasted items have been classified in current and non-current financial assets and financial liabilities. All the derivative contracts are carried at fair value in the consolidated statement of financial position.

The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:

Level 1: quoted (unadjusted) prices in active markets for identical assets<br>or liabilities
Level 2: Inputs other than quoted prices included in level 1 that are<br>observable for the assets and liabilities, either directly (that is, as prices) or indirectly (that is, derived from prices)
Level 3: Inputs for assets and liabilities that are not based on observable<br>market data.

During the reporting period, there were no transfers of items between fair value measurement categories; all of which were valued during the period using level 2.

Fair Value Measurement at December 31, 2024
**** **** Quoted prices in active markets for Observable Unobservable ****
identical assets or liabilities marketdata market data
(Level 1) (Level 2) (Level 3) Total
ThCh$ ThCh$ ThCh$ ThCh$
Assets
Other current financial assets - 4,105,005 - 4,105,005
Other non-current financial assets - 144,550,766 - 144,550,766
Total assets - 148,655,771 - 148,655,771
Liabilities
Other current financial liabilities - 361,384 - 361,384
Other non-current financial liabilities - 41,788,078 - 41,788,078
Total Liabilities - 42,149,462 - 42,149,462
Fair Value Measurement at December 31, 2023
--- --- --- --- --- ---
**** **** Quoted prices in active markets for Observable Unobservable ****
identical assets or liabilities marketdata market data
(Level 1) (Level 2) (Level 3) Total
ThCh$ ThCh$ ThCh$ ThCh$
Assets
Other current financial assets - 1,094,843 - 1,094,843
Other non-current financial assets - 78,988,714 - 78,988,714
Total assets - 80,083,557 - 80,083,557
Liabilities
Other current financial liabilities - 1,458,210 - 1,458,210
Other non-current financial liabilities - 52,449,925 - 52,449,925
Total Liabilities - 53,908,135 - 53,908,135 
66

23 – LITIGATIONAND CONTINGENCIES

23.1 Lawsuits and other legal actions:

In the opinion of the Company's legal counsel, the Parent

Company and its subsidiaries do not face legal or extrajudicial contingencies that might result in material or significant losses or gains, except for the following:

1) Embotelladora del Atlántico S.A. and Andina Empaques Argentina S.A. face labor, tax, civil and<br>trade lawsuits. Accounting provisions have been made for the contingency of a probable loss because of these lawsuits, totaling CLP 722,249<br>thousand (CLP 490,108 thousand as of December 31, 2023). Management considers it unlikely that non-provisioned contingencies will<br>affect the Company's income and equity, based on the opinion of its legal counsel. Additionally, Embotelladora del Atlántico S.A.<br>maintains time deposits for an amount of CLP 61,269 thousand to guaranty judicial liabilities.
2) Rio de Janeiro Refrescos Ltda. faces labor, tax, civil and trade lawsuits. Accounting provisions have<br>been made for the contingency of a probable loss because of these lawsuits, totaling CLP 53,001,124 thousand (CLP 52,997,682 thousand<br>as of December 31, 2023). Management considers it unlikely that non-provisioned contingencies will affect the Company's income and<br>equity, based on the opinion of its legal counsel. As it is customary in Brazil, Rio de Janeiro Refrescos Ltda. maintains Deposit in courts<br>and assets given in pledge to secure the compliance of certain processes, irrespective of whether these have been classified as a possible,<br>probable or remote. The amounts deposited or pledged as legal guarantees amounted to CLP 24,406,656 thousand (CLP 25,845,561 thousand<br>as of December 31, 2023).
--- ---

Part of the assets held under warranty by Rio de Janeiro Refrescos Ltda. are in the process of being released and others have already been released in exchange for guarantee insurance and bond letters for BRL 2,442,962,831 with different Financial Institutions and Insurance Companies in Brazil, these entities receive an annual commission fee of 0.13%. and become responsible of fulfilling obligations with the Brazilian tax authorities should any trial result against Rio de Janeiro Refrescos Ltda. Additionally, if the warranty and bond letters are executed, Rio de Janeiro Refrescos Ltda. promises to reimburse to the financial institutions and Insurance Companies any amounts disbursed by them to the Brazilian government.

Main contingencies faced by Rio de Janeiro Refrescos are as follows:

a) Tax contingencies resulting from credits on tax on industrialized products (IPI).

Rio de Janeiro Refrescos is a party to a series of proceedings under way, in which the Brazilian federal tax authorities demand payment of value-added tax on industrialized products (Imposto sobre Produtos Industrializados, or IPI) totaling BRL 3,516,866,679 at the date of these financial statements.

The Company does not share the position of the Brazilian tax authority in these procedures and considers that it was entitled to claim IPI tax credits in connection with purchases of certain exempt raw materials from suppliers located in the Manaus free trade zone.

Based on the opinion of its advisers, and legal outcomes to date, Management estimates that these procedures do not represent probable losses and has not recorded a provision on these matters.

Notwithstanding the above, the IFRS related to business combination in terms of distribution of the purchase price establish that contingencies must be measured one by one according to their probability of occurrence and discounted at fair value from the date on which it is deemed the loss can be generated. As a result of the acquisition of Companhia de Bebidas Ipiranga in 2013 and pursuant to this criterion and although there are contingencies listed only as possible for BRL 647,235,052 (amount includes adjustments for current lawsuits) a start provision has been generated in the accounting of the business combination for BRL 127,294,115.

67

b) Other tax contingencies.

They refer to ICMS-SP tax administrative processes that challenge the credits derived from the acquisition of tax-exempt products acquired by the Company from a supplier located in the Manaus Free Zone. The total amount is BRL 569,660,017 being assessed by external attorneys as a remote loss, so it has no accounting provision.

The company was challenged by the federal tax authority for tax deductibility of a portion of goodwill in the 2014-2016 period arising from the acquisition of Companhia de Bebidas Ipiranga. The tax authority understands that the entity that acquired Companhia de Bebidas Ipiranga is Embotelladora Andina and not Rio de Janeiro Refrescos Ltda. In the view of external lawyers, such a statement is erroneous, classifying it as a possible loss. The value of this process is BRL 1,060,752,324, as of the date of these financial statements.

3) Embotelladora Andina S.A. and its Chilean subsidiaries face labor, tax, civil and trade lawsuits. Accounting<br>provisions have been made for the contingency of a probable loss because of these lawsuits, totaling CLP 1,472,915 thousand (CLP 1,267,215<br>thousand as of December 31, 2023). Management considers it is unlikely that non-provisioned contingencies will affect income and<br>equity of the Company, in the opinion of its legal advisors.
4) Paraguay Refrescos S.A. faces tax, trade, labor and other lawsuits. Accounting provisions have been made<br>for the contingency of any loss because of these lawsuits amounting to CLP 49,511 thousand (CLP 46,891 thousand as of December 31,<br>2023). Management considers it is unlikely that non-provisioned contingencies will affect income and equity of the Company, in the opinion<br>of its legal advisors.
--- --- 
68

23.2 Direct guarantees and restricted assets:

Guarantees and restricted assets are detailed as follows:

Guarantees that commit assets recognized inthe financial statements:

**** Committed assets Accounting<br> value
Guaranty creditor Debtor name Relationship Guaranty Type 12.31.2024 12.31.2023
ThCh ThCh
Administradora Plaza<br> Vespucio S.A. Embotelladora Andina<br> S.A. Parent company Guarantee receipt Trade accounts and<br> other accounts receivable
Cooperativa Agrícola Pisquera<br> Elqui Limitada Embotelladora Andina S.A. Parent company Guarantee receipt Other non-current financial assets
Mall Plaza Embotelladora Andina S.A. Parent company Guarantee receipt Trade accounts and other accounts<br> receivable
Metro S.A. Embotelladora Andina S.A. Parent company Guarantee receipt Trade accounts and other accounts<br> receivable
Parque Arauco S.A. Embotelladora Andina S.A. Parent company Guarantee receipt Trade accounts and other accounts<br> receivable
Lease agreement Embotelladora Andina S.A. Parent company Guarantee receipt Trade accounts and other accounts<br> receivable
Others Embotelladora Andina S.A. Parent company Guarantee receipt Trade accounts and other accounts<br> receivable
Several retail Vending Subsidiary Guarantee receipt Trade accounts and other accounts<br> receivable
Several retail Transportes Refrescos Subsidiary Guarantee receipt Trade accounts and other accounts<br> receivable
Several retail Transportes Polar Subsidiary Guarantee receipt Trade accounts and other accounts<br> receivable
Workers’ claims Rio de Janeiro Refrescos Ltda. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Civil and tax claims Rio de Janeiro Refrescos Ltda. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Governmental entities Rio de Janeiro Refrescos Ltda. Subsidiary Plant and equipment Property, plant & equipment
Distribuidora Baraldo S.H. Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Acuña Gomez Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Nicanor López Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Municipalidad Bariloche Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Municipalidad San Antonio Oeste Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Municipalidad Carlos Casares Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Municipalidad Chivilcoy Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Granada Maximiliano Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Municipalidad de Junin Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Almada Jorge Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Others Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Temas Industriales SA - Embargo<br> General de Fondos Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
DBC SA C CERVECERIA ARGENTINA<br> SA ISEMBECK Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Coto Cicsa Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Cencosud Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Jose Luis Kreitzer, Alexis Beade<br> Y Cesar Bechetti Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Vicentin Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Provincia de Entre Ríos Embotelladora del Atlántico<br> S.A. Subsidiary Judicial deposit Other non-current non-financial<br> assets
Marcus A.Peña Paraguay Refrescos Subsidiary Real estate Property, plant & equipment
Ana Maria Mazó Paraguay Refrescos Subsidiary Real estate Property, plant & equipment
Stefano Szwao Giacomelli Paraguay Refrescos Subsidiary Real estate Property, plant & equipment
Sofía Cartes Paraguay Refrescos Subsidiary Real estate Property, plant & equipment

All values are in US Dollars.

69

Guarantees that do not commit assets recognized in the FinancialStatements:

**** Committed assets Amounts involved
Guaranty<br> creditor Debtor<br> name Relationship Guaranty Type 12.31.2024 12.31.2023
ThCh$ ThCh$
Labor procedures Rio de Janeiro Refrescos<br> Ltda. Subsidiary Guaranty receipt Legal proceeding 6,648,889 2,681,242
Administrative procedures Rio de Janeiro Refrescos Ltda. Subsidiary Guaranty receipt Legal proceeding 80,036,491 11,245,798
Federal government Rio de Janeiro Refrescos Ltda. Subsidiary Guaranty receipt Legal proceeding 188,083,737 223,415,663
State government Rio de Janeiro Refrescos Ltda. Subsidiary Guaranty receipt Legal proceeding 116,943,181 108,317,724
Sorocaba Refrescos Rio de Janeiro Refrescos Ltda. Subsidiary Guaranty receipt Guarantor - 3,623,490
Others Rio de Janeiro Refrescos Ltda. Subsidiary Guaranty receipt Legal proceeding 1,407,340 1,369,766
Aduana de EZEIZA Andina Empaques Argentina S.A. Subsidiary Surety insurance Faithful compliance of contract 576,829 658,369
Aduana de EZEIZA Andina Empaques Argentina S.A. Subsidiary Surety insurance Faithful compliance of contract 4,414 3,886 
70

24 – FINANCIALRISK MANAGEMENT

The Company’s businesses are exposed to a variety of financial and market risks (including foreign exchange risk, interest rate risk and price risk). The Company’s global risk management program focuses on the uncertainty of financial markets and seeks to minimize potential adverse effects on the performance of the Company. The Company uses derivatives to hedge certain risks. A description of the primary policies established by the Company to manage financial risks are provided below:

Interest Rate Risk

At the closing date of these financial statements, the Company maintains all of its debt obligations denominated in fixed rates in order to avoid fluctuations in financial expenses resulting from an increase in interest rates.

The Company's indebtedness corresponds to six bonds in the Chilean local market at fixed rates, which currently have an outstanding balance of UF14.16 million denominated in Unidades de Fomento ("UF"), a debt indexed to inflation in Chile (the Company's sales are correlated to the variation of the UF). Of the total bonds, five are redenominated through derivatives to Chilean Pesos (CLP) in their rate and notional value, maintaining the structure of the bond.

On the other hand, the Company has incurred debt obligations in the international market through a 144A/RegS bond issued in the US at a fixed rate in US dollars for an amount of USD 300 million, of this amount USD 150 Million have been redenominated through derivatives to Chilean pesos indexed to inflation (UF) and USD 150 million have been redenominated through derivatives to Chilean pesos (CLP) in their rate and nominal amount, while preserving the bond’s structure. Furthermore, in September 2024, a bond was issued in the Swiss market for an amount of CHF 170 million at a fixed rate in Swiss francs. Through derivatives, this bond's rate and nominal amount have been redenominated to Brazilian reals (BRL) while preserving the bond's structure.

Credit risk

The credit risk to which the Company is exposed comes mainly from trade accounts receivable maintained with retailers, wholesalers and supermarket chains in domestic markets; and the financial investments held with banks and financial institutions, such as time deposits, mutual funds and derivative financial instruments.

a) Trade accounts receivable and other current accounts receivable

Credit risk related to trade accounts receivable is managed and monitored by the area of Finance and Administration of each business unit. The Company has a broad client-base of more than 272 thousand clients, implying a high level of atomization of accounts receivable, which are subject to policies, procedures and controls established by the Company. In accordance with such policies, credits must be based objectively, non-discretionary and uniformly granted to all clients of the same segment and channel, provided these will allow generating economic benefits to the Company. The credit limit is checked periodically considering payment behavior. Trade accounts receivable pending of payment are monitored on a monthly basis,

i. Sale Interruption

In accordance with Corporate Credit Policy, the interruption of sale must be within the following framework: when a customer has outstanding debts for an amount greater than USD 250,000, and over 60 days expired, sale is suspended. The General Manager in conjunction with the Finance and Administration Manager authorize exceptions to this rule, and if the outstanding debt should exceed USD 1,000,000, and in order to continue operating with that client, the authorization of the Chief Financial Officer is required. Notwithstanding the foregoing, each operation can define an amount lower than USD 250,000 according to the country’s reality.

71

ii. Impairment

The impairment recognition policy establishes the following criteria for provisions: 30% is provisioned for 31 to 60 days overdue, 60% between 60 and 91 days, 90% between 91 and 120 days overdue and 100% for more than 120 days. Exemption of the calculation of global impairment is given to credits whose delays in the payment correspond to accounts disputed with the customer whose nature is known and where all necessary documentation for collection is available, therefore, there is no uncertainty on recovering them. However, these accounts also have an impairment provision as follows: 40% for 91 to 120 days overdue, 80% between 120 and 170, and 100% for more than 170 days.

iii. Prepayment to suppliers

The Policy establishes that USD 25,000 prepayments can only be granted to suppliers if its value is properly and fully provisioned. The Treasurer of each subsidiary must approve supplier warranties that the Company receives for prepayments before signing the respective service contract, In the case of domestic suppliers, a warranty ballot (or the instrument existing in the country) shall be required, in favor of Andina executable in the respective country, non-endorsable, payable on demand or upon presentation and its validity will depend on the term of the contract. In the case of foreign suppliers, a stand-by credit letter will be required which shall be issued by a first line bank; in the event that this document is not issued in the country where the transaction is done, a direct bank warranty will be required. Subsidiaries can define the best way of safeguarding the Company’s assets for prepayments under USD 25,000.

iv. Guarantees

In Chile, we have insurance with Compañía de Seguros de Crédito Continental S.A (AA rating –according to Fitch Chile and Humphreys rating agencies) covering the credit risk regarding trade debtors in Chile.

The rest of the operations do not have credit insurance, instead mortgage guarantees are required for volume operations of wholesalers and distributors in the case of trade accounts receivables. In the case of other debtors, different types of guarantees are required according to the nature of the credit granted.

Historically, uncollectible trade accounts have been lower than 0.5% of the Company’s total sales,

b) Financial investment.

The Company has a Policy that is applicable to all the companies of the group in order to cover credit risks for financial investments, restricting both the types of instruments as well as the institutions and degree of concentration. The companies of the group can invest in:

i. Time deposits: only in banks or financial institutions that have a risk rating equal to or higher than<br>Level 1 (Fitch) or equivalent for deposits of less than 1 year and rated A or higher (S&P) or equivalent for deposits of more than<br>1 year.
ii. Mutual funds: investments with immediate liquidity and no risk of capital (funds composed of investments<br>at a fixed-term, current account, fixed rate Tit BCRA, negotiable obligations, Over Night, etc.,) in all those counter-parties that<br>have a rating greater than or equal to AA-(S&P) or equivalent, Type 1 Pacts and Mutual Funds, with a rating greater than or equal<br>to AA+ (S&P) or equivalent.
--- ---
iii. Other investment alternatives must be evaluated and authorized by the office of the Chief Financial Officer.
--- --- 
72

Exchange Rate Risk

The Company is exposed to three types of risk caused by exchange rate volatility in the countries where it operates:

a) Exposureof foreign investment

This risk originates from the translation of net investment from the functional currency of each country (Brazilian Real, Paraguayan Guaraní, and Argentine Peso) to the Parent Company’s reporting currency (Chilean Peso). Appreciation or devaluation of the Chilean Peso with respect to the functional currencies of each country, originates decreases and increases in equity, respectively. The Company does not hedge this risk.

The Company evaluates the fluctuations of the currencies used in the Operations (local currencies) with respect to the presentation currency of the financial statements through a sensitivity analysis on total assets, total liabilities and net equity in local currency.

/CLP BRL/CLP ARS/CLP PGY/CLP
Exchange rate variation at reporting date % -11.2 % -11.0 % 5.6 %

All values are in US Dollars.

Brazil Argentina Paraguay
ThCh ThCh ThCh
Total assets 953,326,857 561,456,125 380,520,825
Total liabilities 618,640,716 235,405,370 72,896,433
Net investment 334,686,141 326,050,755 307,624,392
Share on income 28.2 24.4 8.7

All values are in US Dollars.

BRL/CLP ARS/CLP PGY/CLP
-10% variation impact on currency translation -19.1 % -19.1 % -5.1 %
Variation impact on results (9,918,171 ) (3,601,849 ) (5,417,511 )
Variation impact on equity (29,774,110 ) (29,640,978 ) (31,076,694 )

The above scenario represents the exchange rate sensitivity of minus 10% over the actual exchange rates at the reporting date, impacting the translation of local currencies to the presentation currency of the Group's financial statements, and how it would impact the results and equity of the different Operations.

Net exposure of assets and liabilities in foreign currency

This risk stems mostly from carrying liabilities in US dollar, so the volatility of the US dollar with respect to the functional currency of each country generates a variation in the valuation of these obligations, with consequent effect on results.

In order to protect the Company from the effects on income resulting from the volatility of the Brazilian Real and the Chilean Peso against the U,S, dollar, the Company maintains derivative contracts (cross currency swaps) to cover almost 100% of US dollar-denominated financial liabilities.

By designating such contracts as hedging derivatives, the effects on income for variations in the Chilean Peso and the Brazilian Real against the US dollar, are mitigated annulling its exposure to exchange rates.

73

b) Exposure of assets purchased or indexed to foreign currency

This risk originates from purchases of raw materials and investments in Property, plant and equipment, whose values are expressed in a currency other than the functional currency of the subsidiary. Changes in the value of costs or investments can be generated through time, depending on the volatility of the exchange rate.

In order to minimize this risk, the Company maintains a currency hedging policy stipulating that it is necessary to enter into foreign currency derivatives contracts to lessen the effect of the exchange rate over cash expenditures expressed in US dollars, corresponding mainly to payment to suppliers of raw materials in each of the operations. This policy stipulates up to 12-month forward horizon.

Commodities risk

The Company is subject to the risk of price fluctuations in the international markets mainly for sugar, PET resin and aluminum, which are inputs used to produce beverages and containers, which together account for 35% to 40% of operating costs. Procurement and anticipated purchase contracts are made frequently to minimize and/or stabilize this risk. To minimize this risk or stabilize often supply contracts and anticipated purchases are made when market conditions warrant.

Liquidity risk

The products we sell are mainly paid for in cash and short-term credit; therefore, the Company´s main source of financing comes from the cash flow of our operations. This cash flow has historically been sufficient to cover the investments necessary for the normal course of our business, as well as the distribution of dividends approved by the General Shareholders’ Meeting. Should additional funding be required for future geographic expansion or other needs, the main sources of financing to consider are: (i) debt offerings in the Chilean and foreign capital markets (ii) borrowings from commercial banks, both internationally and in the local markets where the Company operates; and (iii) public equity offerings.

The following table presents an analysis of the Company’s committed maturities for liability payments throughout the coming years:

Payments on the year of maturity
Item 1 year More than 1 <br>up to 2 More than 2 <br>up to 3 More than 3<br> up to 4 More than 5
ThCh ThCh ThCh ThCh ThCh
Bank debt
Bonds payable
Lease obligations
Contractual obligations (1)
Total

All values are in US Dollars.

(1) Agreements that the Andina Group has with collaborating entities for its operation, which are mainly related<br>to contracts entered into to supply products and/or support services in information technology services, commitments of the company with<br>its franchisor to make investments or expenses related to the development of the franchise, support services to personnel, security services,<br>maintenance services of fixed assets, purchase of inputs for production, among others. 
74

25 – EXPENSES BY NATURE

Other expenses by nature are:

01.01.2024 01.01.2023
Description 12.31.2024 12.31.2023
ThCh ThCh
Direct production costs (1,584,826,536 (1,346,516,486
Payroll and employee benefits (489,656,716 (378,482,113
Transportation and distribution (261,492,646 (211,998,332
Advertisement (47,157,493 (35,831,757
Depreciation and amortization (151,110,933 (112,771,324
Repairs and maintenance (63,130,395 (46,021,127
Other expenses (199,776,910 (129,478,810
Total (1) (2,797,151,629 (2,261,099,949

All values are in US Dollars.

(1) Corresponds to the addition of cost of sales, administrative expenses and distribution costs.

26 – OTHER INCOME

Other income by function is detailed as follows:

01.01.2024
Description 12.31.2024
ThCh ThCh$
Gain due to disposal of Property, plant and equipment 222,898 754,338
Recovery PIS credit and COFINS Brazil(1) 20,454,256 -
Others 802,707 556,151
Total 21,479,861 1,310,489

All values are in US Dollars.

(1) See Note 6 (2) for more information on recovery.

27 – OTHER EXPENSES BY FUNCTION

Other expenses by function are detailed as follows:

01.01.2024 01.01.2023
Description 12.31.2024 12.31.2023
ThCh ThCh
Contingencies and non-operating fees (19,376,723 (11,145,708
Tax on bank debits (7,862,779 (4,403,347
Write-offs, disposals and loss on sale of property, plant and equipment (5,805,588 (8,072,422
Others (3,604,939 (2,820,106
Total (36,650,029 (26,441,583

All values are in US Dollars.

75

28 – FINANCIAL INCOME AND EXPENSES

Financial income and costs are detailed as follows:

a) Financial income
01.01.2024
--- --- --- ---
Description 12.31.2024
ThCh ThCh$
Interest income 18,377,685 25,791,172
Ipiranga purchase warranty restatement 39,511 47,032
From PIS credit and COFINS (1) 8,986,697 -
Other financial income 1,556,025 5,557,963
Total 28,959,918 31,396,167

All values are in US Dollars.

(1) See Note 6 (2) for more information on recovery.
b) Financial expenses
--- ---
01.01.2024 01.01.2023
--- --- --- --- ---
Description 12.31.2024 12.31.2023
ThCh ThCh
Bond interest (51,829,876 (53,148,503
Bank loan interest (7,398,612 (4,510,379
Lease interest (3,277,261 (2,616,945
Other financial costs (7,908,134 (5,012,525
Total (70,413,883 (65,288,352

All values are in US Dollars.

29 – OTHER (LOSSES) GAINS

Other (losses) gains are detailed as follows:

01.01.2024 01.01.2023
Description 12.31.2024 12.31.2023
ThCh ThCh
Other gains and losses* (15,909,117 )^(1)^
Total )

All values are in US Dollars.

(1) a) losses for CLP 25,530,162 due to the assignment of a loan owned by Embotelladora Andina S.A. to a financial<br>institution with a discount. The credit of Embotelladora Andina was originally generated as a result of dividends from subsidiaries declared<br>in Argentine pesos. b) In addition to the previous, a water source in the Brazilian Operation has been disposed of, generating a profit<br>of CLP 9,750,769.

30 – EXCHANGE DIFFERENCE

Exchange differences are detailed as follows:

01.01.2024 01.01.2023
Description 12.31.2024 12.31.2023
ThCh ThCh
Generated by suppliers (6.022.628 (26.366.916
Generated by financial assets (1.067.456 12.348.172
Generated by financial liabilities 206.889 (3.310.906
Other (523.509 113.520
Total (7.406.704 (17.216.130

All values are in US Dollars.

76

31 - LOCAL AND FOREIGN CURRENCY

Local and foreign currency balances are the following:

CURRENT ASSETS
ThCh ThCh$
Cash and cash equivalents 248,899,004 303,683,683
14,817,741 9,462,829
234,718 437,604
CLP 140,155,381 140,758,085
BRL 48,540,084 96,214,729
ARS 12,461,057 18,340,987
PGY 32,690,023 38,469,449
Other current financial assets 76,586,583 67,285,793
CLP 73,865,057 66,587,339
BRL 2,553,727 13,897
ARS 57,786 684,557
PGY 110,013 -
Other current non-financial assets 27,260,507 19,311,851
3,195,150 174,579
213,862 615,636
UF 1,024,253 1,196,729
CLP 5,389,357 6,353,138
BRL 2,451,721 3,213,978
ARS 10,110,029 3,531,840
PGY 4,876,135 4,225,951
Trade and other accounts receivable 332,831,088 298,892,164
5,617,644 3,511,802
- 1,233
UF - 1,030,138
CLP 177,104,333 182,395,110
BRL 87,509,718 79,993,377
ARS 50,035,902 23,712,111
PGY 12,563,491 8,248,393
Accounts receivable from related entities 9,901,543 16,161,318
-
CLP 9,901,543 14,736,546
BRL - 1,223,699
ARS - -
PGY - 201,073
Inventory 299,970,909 233,053,160
CLP 106,986,666 106,204,544
BRL 73,721,137 64,808,180
ARS 95,970,869 38,277,180
PGY 23,292,237 23,763,256
Current tax assets 17,746,106 43,383,058
- 6,253,451
CLP 7,749,543 6,213,032
BRL 9,851,901 30,643,656
ARS 144,662 272,919
Total current assets 1,013,195,740 981,771,027
23,630,536 19,402,661
448,580 1,054,473
UF 1,024,253 2,226,867
CLP 521,151,879 523,247,794
BRL 224,628,288 276,111,516
ARS 168,780,305 84,819,594
PGY 73,531,899 74,908,122

All values are in US Dollars.

77

NON-CURRENT ASSETS
ThCh ThCh$
Other non-current financial assets 169,420,303 93,316,339
24,195,386 19,030,656
UF 1,216,865 1,216,865
CLP 62,774,079 53,832,722
BRL 59,298,394 7,935,524
ARS 21,935,579 11,300,572
Other non-financial, non-current assets 79,746,695 59,412,482
- 609,042
UF 431,216 17,154
CLP 47,530 55,397
BRL 74,983,744 55,660,553
ARS 2,415,012 1,338,592
PGY 1,869,193 1,731,744
Accounts receivable, non-current 335,723 371,401
UF - 225,323
CLP 212,749 51,752
ARS 9,008 136
PGY 113,966 94,190
Non-current accounts receivable from related entities 292,931 108,021
CLP 292,931 108,021
Investments accounted for using the equity method 85,192,710 91,799,267
CLP 46,683,997 49,790,788
BRL 38,508,713 42,008,479
Intangible assets other than goodwill 693,383,630 695,926,565
3,959,421 3,959,421
CLP 318,673,224 312,908,478
BRL 172,991,812 195,313,156
ARS 9,074,686 5,269,949
PGY 188,684,487 178,475,561
Goodwill 144,681,420 122,103,802
CLP 9,523,767 9,523,767
BRL 64,670,541 72,810,771
ARS 62,487,785 32,193,085
PGY 7,999,327 7,576,179
Property, plant and equipment 1,097,773,572 872,388,811
- 2,429,848
CLP 394,341,668 364,462,607
BRL 318,245,367 277,936,537
ARS 291,160,305 140,055,748
PGY 94,026,232 87,504,071
Deferred tax assets 7,081,549 4,323,174
CLP 5,028,479 2,592,024
PGY 2,053,070 1,731,150
Total non-current assets 2,277,908,533 1,939,749,862
28,154,807 23,599,119
- 2,429,848
UF 1,648,081 12,775,351
CLP 837,578,424 782,009,547
BRL 728,698,571 651,665,020
ARS 387,082,375 190,158,082
PGY 294,746,275 277,112,895

All values are in US Dollars.

78

12.31.2024 12.31.2023
CURRENT<br> LIABILITIES Up to 90 days 90 days to 1 year Total Up to 90 days 90 days to 1 year Total
ThCh$ ThCh$ ThCh$ ThCh$ ThCh$ ThCh$
Other<br> financial liabilities, current 47,596,941 62,733,519 110,330,460 16,062,851 36,934,150 52,997,001
USD 4,527,746 2,823,324 7,351,070 342,000 5,444,143 5,786,143
EUR 37,902 119,070 156,972 32,709 90,988 123,697
UF 6,635,279 27,455,884 34,091,163 13,753,586 13,044,881 26,798,467
CLP 202,438 28,032,817 28,235,255 899,930 11,384,709 12,284,639
BRL 824,103 2,471,938 3,296,041 685,038 2,829,430 3,514,468
ARS 34,452,772 140,384 34,593,156 349,588 1,804,522 2,154,110
PGY 17,523 1,690,102 1,707,625 - 1,482,060 1,482,060
CHF 899,178 - 899,178 - 853,417 853,417
Trade<br> and other accounts payable, current 449,856,870 7,217,773 457,074,643 404,557,957 24,354,027 428,911,984
USD 18,947,509 349,038 19,296,547 37,085,189 2,156,901 39,242,090
EUR 5,524,760 53,061 5,577,821 5,285,606 297,386 5,582,992
UF 1,860,276 - 1,860,276 3,430,102 302,021 3,732,123
CLP 167,135,196 6,815,674 173,950,870 166,250,228 21,597,719 187,847,947
BRL 144,438,439 - 144,438,439 129,596,874 - 129,596,874
ARS 67,851,883 - 67,851,883 45,129,973 - 45,129,973
PGY 42,129,433 - 42,129,433 17,779,985 - 17,779,985
Other currencies 1,969,374 - 1,969,374 - - -
Accounts<br> payable to related entities, current 94,376,420 - 94,376,420 96,045,624 - 96,045,624
CLP 47,188,912 - 47,188,912 39,175,392 - 39,175,392
BRL 28,548,564 - 28,548,564 40,225,863 - 40,225,863
ARS 7,542,033 - 7,542,033 8,031,621 - 8,031,621
PGY 11,096,911 - 11,096,911 8,612,748 - 8,612,748
Other<br> current provisions 422,985 1,099,441 1,522,426 127,229 1,186,877 1,314,106
CLP 422,985 1,049,930 1,472,915 127,229 1,139,985 1,267,214
PGY - 49,511 49,511 - 46,892 46,892
Current<br> tax liabilities 10,155,528 18,213,748 28,369,276 7,700,127 5,711,494 13,411,621
CLP 4,106,948 - 4,106,948 2,440,280 23,458 2,463,738
BRL 6,048,580 - 6,048,580 5,259,847 - 5,259,847
ARS - 16,898,437 16,898,437 - 4,143,057 4,143,057
PGY - 1,315,311 1,315,311 - 1,544,979 1,544,979
Current<br> provisions for employee benefits 59,703,271 12,663,916 72,367,187 47,674,090 10,143,710 57,817,800
CLP 7,223,078 10,676,695 17,899,773 5,769,075 8,867,752 14,636,827
BRL 30,162,575 - 30,162,575 28,791,559 - 28,791,559
ARS 22,317,618 - 22,317,618 13,113,456 - 13,113,456
PGY - 1,987,221 1,987,221 - 1,275,958 1,275,958
Other<br> non-current non-financial liabilities 101,155,626 40,947,956 142,103,582 2,364,699 40,008,461 42,373,160
CLP 101,151,643 40,668,020 14,1819,663 2,360,088 39,785,560 42,145,648
ARS 3,983 - 3,983 4,611 - 4,611
PGY - 279,936 279,936 - 222,901 222,901
Total<br> current liabilities 763,267,641 142,876,353 906,143,994 574,532,577 118,338,719 692,871,296
USD 23,475,255 3,172,362 26,647,617 37,427,189 7,601,044 45,028,233
EUR 5,562,662 172,131 5,734,793 5,318,315 388,374 5,706,689
UF 8,495,555 27,455,884 35,951,439 17,183,688 13,346,902 30,530,590
CLP 327,431,200 87,243,136 414,674,336 217,022,222 82,799,183 299,821,405
BRL 210,022,261 2,471,938 212,494,199 204,559,181 2,829,430 207,388,611
ARS 132,168,289 17,038,821 149,207,110 66,629,249 5,947,579 72,576,828
PGY 53,243,867 5,322,081 58,565,948 26,392,733 4,572,790 30,965,523
CHF 899,178 - 899,178 - 853,417 853,417
Other currencies 1,969,374 - 1,969,374 - - - 
79

12.31.2023
NON-CURRENT LIABILITIES More than 3<br> and up to 5 years More than 5<br> years Total More than 1<br> year up to 3 years More than 3<br> and up to 5 years More than 5<br> years Total
ThCh ThCh ThCh ThCh ThCh ThCh ThCh
Other<br> financial liabilities, non-current
UF
CLP
BRL
ARS
CHF
Accounts<br> payable, non-current
CLP
ARS
Accounts<br> payable related companies
BRL
Other provisions,<br> non-current
BRL
ARS
Deferred<br> tax liabilities
CLP
BRL
ARS
PGY
Non-current<br> provisions for employee benefits
CLP
ARS
PGY
Other non-financial<br> liabilities
BRL
ARS
Total non-current<br> liabilities
UF
CLP
BRL
ARS
PGY
CHF

All values are in US Dollars.

80

32 – ENVIRONMENT

The Company has made disbursements for industrial process improvements, industrial waste flow measurement equipment, laboratory analysis, consulting on environmental impacts and other studies.

The detail of these disbursements by country is as follows:

2024 period
**** **** Charged to Charged<br> to To be charged to To be charged to
Countries **** expenses fixed<br> assets expenses fixed assets
ThCh$ ThCh ThCh$ ThCh$
Chile 6,828,294 2,335,978 - -
Argentina 365,243 - 497 -
Brazil 3,145,076 329,324 - -
Paraguay 254,102 610,318 - -
Total 10,592,715 3,275,620 497 -

All values are in US Dollars.

33 – SUBSEQUENT EVENTS

No other events have occurred subsequent to December 31, 2024, that may significantly affect the Company's consolidated financial position.

81

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Santiago, Chile.

EMBOTELLADORA ANDINA S.A.
By: /s/ Andrés Wainer
Name: Andrés Wainer
Title: Chief Financial Officer

Santiago, February 10, 2025

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