Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

September 2024

Date of Report (Date of Earliest Event Reported)

Embotelladora Andina S.A.

(Exact name of registrant as specified in its charter)

Andina Bottling Company, Inc.

(Translation of Registrant´s name into English)

Avda. Miraflores 9153

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

Interim Consolidated Financial Statements

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Santiago, Chile

September 30, 2024 and December 31, 2023

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Interim Consolidated Financial Statements

at September 30, 2024 (non-audited) and December 31, 2023

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Financial Statements

Interim Consolidated Statements of Financial Position at September 30, 2024 (non-audited) and December 31, 2023

II.

Interim Consolidated Statements of Income by Function (non-audited)

III.

Interim Consolidated Statements of Comprehensive (Loss) Income (non-audited)

IV.

Interim Consolidated Statements of Changes in Equity (non-audited)

Interim Consolidated Statements of Direct Cash Flows (non-audited)

VI.	Notes to the Interim Consolidated Financial Statements

1 – Corporate information	8
2 – Basis of preparation of consolidated financial statements and application of accounting criteria	9
3 – Financial reporting by segment	28
4 – Cash and cash equivalents	31
5 – Other current and non-current financial assets	31
6 – Other current and non-current non-financial assets	32
7 – Trade accounts and other accounts receivable	33
8 – Inventories	35
9 – Tax assets and liabilities	36
10 – Income tax expense and deferred taxes	36
11 – Property, plant and equipment	39
12 – Related parties	42
13 – Current and non-current employee benefits	44
14 – Investments in associates accounted for using the equity method	45
15 – Intangible assets other than goodwill	48
16 – Goodwill	50
17 – Other current and non-current financial liabilities	50
18 – Trade and other accounts payable	62
19 – Other provisions, current and non-current	62
20 – Other non-financial liabilities	63
21 – Equity	63
22 – Derivative assets and liabilities	67
23 – Litigation and contingencies	69
24 – Financial risk management	73
25 – Expenses by nature	77
26 – Other income	77
27 – Other expenses by function	77
28 – Financial income and expenses	78
29 – Other (losses) gains	78
31 – Local and foreign currency	79
32 – Environment	83
33 – Subsequent events	83

Consolidated Financial Statements

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

September 30, 2024 (non-audited) and December 31, 2023

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Statements of Financial Position

as of September 30, 2024 and December 31, 2023

ASSETS	NOTE		09.30.2024		12.31.2023
			ThCh$		ThCh$
Current assets:

Cash and cash equivalents		4		210,685,267		303,683,683
Other financial assets		5		72,357,766		67,285,793
Other non-financial assets		6		23,831,770		19,311,851
Trade and other accounts receivable, net		7		251,802,033		298,892,164
Accounts receivable from related companies		12.1		9,910,383		16,161,318
Inventory		8		274,260,605		233,053,160
Current tax assets		9		44,789,119		43,383,058
Total Current Assets				887,636,943		981,771,027

Non-Current Assets:
Other financial assets		5		148,257,630		93,316,339
Other non-financial assets		6		53,969,720		59,412,482
Trade and other receivables		7		156,884		371,401
Accounts receivable from related parties		12.1		352,808		108,021
Investments accounted for under the equity method		14		87,371,919		91,799,267
Intangible assets other than goodwill		15		676,542,205		695,926,565
Goodwill		16		138,295,949		122,103,802
Property, plant and equipment		11		1,023,163,348		872,388,811
Deferred tax assets		10.2		4,664,376		4,323,174
Total Non-Current Assets				2,132,774,839		1,939,749,862

Total Assets				3,020,411,782		2,921,520,889

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

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Statements of Financial Position

as of September 30, 2024 and December 31, 2023

LIABILITIES AND EQUITY	NOTE		09.30.2024			12.31.2023
			ThCh$			ThCh$
LIABILITIES
Current Liabilities
Other financial liabilities		17		87,773,202			52,997,001
Trade and other accounts payable		18		375,290,935			428,911,984
Accounts payable to related parties		12.2		88,609,505			96,045,624
Other provisions		19		1,527,636			1,314,106
Tax liabilities		9		29,090,784			13,411,621
Employee benefits current provisions		13		52,519,458			57,817,800
Other non-financial liabilities		20		40,910,094			42,373,160
Total Current Liabilities				675,721,614			692,871,296

Other financial liabilities		17		1,050,871,171			1,044,325,833
Trade accounts and other accounts payable		18		2,731,566			2,392,555
Accounts payable to related companies		12.2		1,120,979			6,007,041
Other provisions		19		54,130,143			53,487,790
Deferred tax liabilities		10.2		206,539,199			180,470,219
Employee benefits non-current provisions		13		19,707,364			18,473,946
Other non-financial liabilities		20		5,566,739			2,506,795
Total Non-current liabilities				1,340,667,161			1,307,664,179

EQUITY		21
Issued capital				270,737,574			270,737,574
Retained earnings				904,862,076			769,311,795
Other reserves				(206,216,568	)		(153,758,842	)
Equity attributable to owners of the parent				969,383,082			886,290,527
Non-controlling interests				34,639,925			34,694,887
Total Equity				1,004,023,007			920,985,414
Total Liabilities and Equity				3,020,411,782			2,921,520,889

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

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Statements of Income by Function

For the periods ended September 30, 2024 and 2023

			01.01.2024			01.01.2023			07.01.2024			07.01.2023
	NOTE		09.30.2024 (non-audited)			09.30.2023 (non-audited)			09.30.2024 (non-audited)			09.30.2023 (non-audited)
			ThCh$			ThCh$			ThCh$			ThCh$
Net sales				2,210,479,090			2,021,001,963			726,805,764			670,332,847
Cost of sales		25		(1,344,338,346	)		(1,232,599,861	)		(451,541,791	)		(412,229,892	)
Gross Profit				866,140,744			788,402,102			275,263,973			258,102,955
Other income		26		907,051			1,071,874			239,835			335,798
Distribution expenses		25		(195,441,297	)		(187,212,810	)		(66,077,620	)		(59,773,091	)
Administrative expenses		25		(392,495,426	)		(349,214,815	)		(130,599,850	)		(120,190,039	)
Other expenses		27		(24,703,982	)		(17,698,003	)		(5,176,409	)		(9,070,958	)
Other (loss) gains		29		-			(25,659,888	)		-			103,542
Financial income		28		16,158,245			27,043,900			6,154,512			5,942,204
Financial expenses		28		(50,239,798	)		(51,726,114	)		(18,917,085	)		(21,981,178	)
Share of profit (loss) of investments in associates and joint ventures accounted for using the equity method		14.3		1,860,133			(5,301	)		70,376			(845,513	)
Foreign exchange differences		30		(9,308,549	)		(6,580,808	)		(950,645	)		3,171,779
Income by indexation units				1,963,180			(169,713	)		(2,675,460	)		17,295,850
Net income before income taxes				214,840,301			178,250,424			58,021,627			73,091,349
Income tax expense		10.1		(80,712,904	)		(64,696,923	)		(15,724,815	)		(9,541,318	)
Net income				134,127,397			113,553,501			42,296,812			63,550,031

Net income attributable to
Owners of the controller				132,987,772			112,149,967			41,942,358			63,707,715
Non-controlling interests				1,139,625			1,403,534			354,454			(157,684	)
Net income				134,127,397			113,553,501			42,296,812			63,550,031

Earnings per Share, basic and diluted in ongoing operations
Earnings per Series A Share		21.5		133.80			112.84			42.20			64.10
Earnings per Series B Share		21.5		147.18			124.12			46.42			70.51

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

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income

For the periods ended September 30, 2024 and 2023

	01.01.2024			01.01.2023			07.01.2024			07.01.2023
	09.30.2024			09.30.2023			09.30.2024			09.30.2023
	(non-audited)			(non-audited)			(non-audited)			(non-audited)
	ThCh$			ThCh$			ThCh$			ThCh$
Other Comprehensive Income
Net income		134,127,397			113,553,501			42,296,812			63,550,031
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		(1,494,019	)		(824,406	)		(119,209	)		(670,595	)
Components of other comprehensive income that will be reclassified to net income for the period, before taxes
Gain (losses) from exchange rate translation differences		(97,454,339	)		(79,399,090	)		(66,585,132	)		46,784,406
Gain (losses) from cash flow hedges		21,948,389			59,835,301			4,300,694			7,701,104
Income tax related to components of other comprehensive income that will not be reclassified to net income for the period
Income tax benefit related to defined benefit plans		403,385			222,590			32,186			181,061

Income tax related to components of other comprehensive income that will be reclassified to net income for the period
Income tax related to exchange rate translation differences		30,628,636			32,124,179			16,199,789			(9,613,441	)
Income tax related to cash flow hedges
Other comprehensive income, total		(6,737,787	)		(16,489,375	)		(1,229,577	)		(2,579,623	)
Total comprehensive income		(52,705,735	)		(4,530,801	)		(47,401,249	)		41,802,912
Total comprehensive income attributable to:		81,421,662			109,022,700			(5,104,437	)		105,352,943
Equity holders of the controller
Non-controlling interests		80,530,046			107,371,754			(4,995,473	)		105,007,544
Total comprehensive income		891,616			1,650,946			(108,964	)		345,399
Net income		81,421,662			109,022,700			(5,104,437	)		105,352,943

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

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Statements of Changes in Equity

For the periods ended September 30, 2024 and 2023

			Other reserves
	Issued capital		Reserves for Exchange rate differences			Cashflow hedge reserve			Actuarial gains or losses in employee benefits			Other reserves		Total other reserves			Retained earnings			Controlling equity			Non-controlling interests			Total equity
	ThCh$		ThCh$			ThCh$			ThCh$			ThCh$		ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Opening balance 01.01.2024		270,737,574		(556,832,899	)		(24,064,386	)		(6,013,183	)		433,151,626		(153,758,842	)		769,311,795			886,290,527			34,694,887			920,985,414
Changes in equity
Comprehensive income
Earnings		-		-			-			-			-		-			132,987,772			132,987,772			1,139,625			134.127.397
Other comprehensive income		-		(66,588,167	)		15,205,634			(1,075,193	)				(52,457,726	)		-			(52,457,726	)		(248,009	)		(52.705.735	)
Comprehensive income		-		(66,588,167	)		15,205,634			(1,075,193	)				(52,457,726	)		132,987,772			80,530,046			891,616			81.421.662
Dividends		-		-			-			-					-			(125,231,241	)		(125,231,241	)		(969,412	)		(126,200,653	)
Increase (decrease) from other changes *		-		-			-			-					-			127,793,750			127,793,750			22,834			127,816,584
Total changes in equity		-		(66,588,167	)		15,205,634			(1,075,193	)				(52,457,726	)		135,550,281			83,092,555			(54,962	)		83,037,593
Ending balance 09.30.2024		270,737,574		(623,421,066	)		(8,858,752	)		(7,088,376	)		433,151,626		(206,216,568	)		904,862,076			969,383,082			34,639,925			1,004,023,007

			Other reserves
	Issued capital		Reserves for Exchange rate differences			Cashflow hedge reserve			Actuarial gains or losses in employee benefits			Other reserves		Total other reserves			Retained earnings			Controlling equity			Non-controlling interests			Total equity
	ThCh$		ThCh$			ThCh$			ThCh$			ThCh$		ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Opening balance 01.01.2023		270,737,574		(495,483,366	)		(62,344,501	)		(7,776,316	)		433,151,626		(132,452,557	)		716,975,127			855,260,144			28,142,508			883,402,652
Changes in equity
Comprehensive income
Earnings		-		-			-			-			-		-			112,149,967			112,149,967			1,403,534			113.553.501
Other comprehensive income		-		(47,548,486	)		43,328,736			(558,463	)		-		(4,778,213	)		-			(4,778,213	)		247,412			(4.530.801	)
Comprehensive income		-		(47,548,486	)		43,328,736			(558,463	)		-		(4,778,213	)		112,149,967			107,371,754			1,650,946			109.022.700
Dividends		-		-			-			-			-		-			(136,164,127	)		(136,164,127	)		(325,995	)		(136,490,122	)
Increase (decrease) from other changes *		-		-			-			-			-		-			102,762,532			102,762,532			4,120,000			106,882,532
Total changes in equity		-		(47,548,486	)		43,328,736			(558,463	)		-		(4,778,213	)		78,748,372			73,970,159			5,444,951			79,415,110
Ending balance 09.30.2023		270,737,574		(543,031,852	)		(19,015,765	)		(8,334,779	)		433,151,626		(137,230,770	)		795,723,499			929,230,303			33,587,459			962,817,762

*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.

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Consolidated Statements of Direct Cash Flows

For the periods ended September 30, 2024 and 2023

			01.01.2024			01.01.2023
Cash flows provided by (used in) Operating Activities	NOTE		09.30.2024			09.30.2023
			ThCh$			ThCh$
Cash flows provided by Operating Activities
Receipts from the sale of goods and the rendering of services (including taxes)				3,187,197,957			2,996,456,702
Payments for Operating Activities
Payments to suppliers for goods and services (including taxes)				(2,293,905,935	)		(2,162,680,482	)
Payments to and on behalf of employees				(242,952,430	)		(209,435,619	)
Other payments for operating activities (value-added taxes on purchases, sales and others)				(312,067,035	)		(311,478,143	)
Dividends received				2,752,778			-
Interest payments				(52,932,146	)		(60,683,064	)
Interest received				8,351,762			14,172,957
Income tax payments				(65,298,097	)		(64,604,535	)
Other cash movements (tax on bank debits Argentina and others)				(12,892,535	)		(3,350,417	)
Cash flows provided by (used in) Operating Activities				218,254,318			198,397,399

Cash flows provided by (used in) Investing Activities
Dividends received				-			4,109,768
Proceeds from sale of Property, plant and equipment				78,707			76,968
Purchase of Property, plant and equipment				(210,512,294	)		(151,161,097	)
Payment on forward, term option and financial exchange agreements				-			-
Collection on forward, term, option and financial exchange agreements				-			126,950
Other (payments) redemptions for (purchases) of financial instruments				-			63,159,390
Other cash inflows (outflows)				519,371			2,768,326
Net cash flows used in Investing Activities				(209,914,216	)		(80,919,695	)

Cash Flows generated from (used in) Financing Activities

Proceeds from changes in ownership interests in subsidiaries				-			4,119,966
Proceeds (payments) from short term loans				96,895,821			48,837,032
Loan payments				(56,301,591	)		(18,407,304	)
Lease liability payments				(7,082,373	)		(5,072,078	)
Dividend payments by the reporting entity				(126,603,360	)		(136,164,127	)
Other cash inflows (outflows) (placement and payment of public debt)				1,133,489			(57,388,084	)
Net cash flows (used in) generated by Financing Activities				(91,958,014	)		(164,074,595	)
Net increase in cash and cash equivalents before exchange differences				(83,617,912	)		(46,596,891	)
Effects of exchange differences on cash and cash equivalents				4,133,318			(3,860,405	)
Effects of inflation in cash and cash equivalents in Argentina				(13,513,822	)		(16,448,729	)
Net increase (decrease) in cash and cash equivalents				(92,998,416	)		(66,906,025	)
Cash and cash equivalents – beginning of period		4		303,683,683			291,681,987
Cash and cash equivalents - end of period		4		210,685,267			224,775,962

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

EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES

Notes to the Consolidated 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 in the entire territory of 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 December 2024, and for the territory in Paraguay it expires in March 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.

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 October 29, 2024.

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

2.1

Accounting principles and basis of preparation

The Company's Interim Consolidated Financial Statements for the period ended September 30, 2024 and fiscal year ended December 31, 2023 have been prepared in accordance with International Accounting Standard No. 34 (IAS34) as incorporated into the International Financial Reporting Standards (hereinafter "IFRS") issued by the International Accounting Standards Board (hereinafter "IASB").

These Interim 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 Interim Consolidated Statements reflect the consolidated financial position of Embotelladora Andina S.A. and its Subsidiaries as of September 30, 2024 and December 31, 2023 and the results of operations for the periods from January 1 to September 30, 2024 and 2023, with the statements of changes in equity and cash flows for the same periods.

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.

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
		09.30.2024						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 SpA.		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.

2.4

Financial reporting by operating segment

“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 in Chile
	•	Operation in Brazil
	•	Operation in Argentina
	•	Operation in Paraguay

2.5

Functional currency and presentation currency

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 Currency
Embotelladora del Atlántico	Argentine Peso (ARS)
Embotelladora Andina	Chilean Peso (CLP)
Paraguay Refrescos	Paraguayan Guaraní (PYG)
Rio de Janeiro Refrescos	Brazil 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).

Functional currency in hyperinflationary economies

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 September 2024 and from January to December 2023 amounted to 101.55% 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:

Translation of financial statements whose functional currency does not correspond to hyperinflationary economies (Brazil and Paraguay)

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

•

The statement of financial position is translated to the closing exchange rate at the financial statement date and the income statement is translated at the average monthly exchange rates, the differences that result are recognized in equity under other comprehensive income.

•

Cash flow income statement are also translated at average exchange rates for each transaction.

•

In the case of the disposal of an investment abroad, the component of other comprehensive income (OCI) relating to that investment is reclassified to the income statement.

Translation of financial statements whose functional currency corresponds to hyperinflationary economies (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 statement of financial position sheet is translated at the closing exchange rate at the financial statements date.

•

The income statement is translated at the closing exchange rate at the financial statements date.

•

The statement of cash flows is converted to the closing exchange rate at the date of the financial statements.

•

For the disposal of an investment abroad, the component of other comprehensive income (OCI) relating 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	USD		BRL		ARS		PYG
09.30.2024		897.68		164.77		0.92		0.115
12.31.2023		877.12		181.17		1.08		0.120
09.30.2023		895.60		178.84		2.56		0.122

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

Date	USD		BRL		PYG
09.30.2024		937.57		179.45		0.125
09.30.2023		821.36		164.15		0.113

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

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.

2.7

Intangible assets and Goodwill

2.7.1

Goodwill

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-financial assets

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.

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 minor investments.These cash generating units or groups of cash generating units are composed of the following segments:

Operation in Chile; (North Zone Antofagasta, Atacama and Coquimbo, Metropolitan Area

, Central Zone San Antonio and Cachapoal and Extreme South Zone of Aysen and Magallanes);

Operation in Argentina; (San Juan, Mendoza, San Luis, Córdoba, Santa Fé, Entre Ríos, La Pampa, Neuquén, Rio Negro, Chubut, Santa Cruz, Tierra del Fuego and western area of the Province of Buenos Aires);

Operation in Brazil (State of Rio de Janeiro and Espirito Santo, Ipiranga territories, investment in the Sorocaba associate and investment in the Leão Alimentos e Bebidas Ltda. associate);

Operation in 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:

Discount rate

The discount rate applied in the annual impairment test carried out in 2023 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:

	2023 Discount rates
Argentina		38.7	%
Chile		10.3	%
Brazil		11.2	%
Paraguay		12.0	%

Other assumptions

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 are less developed and 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.

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 Rate: Increase / Decrease of up to 200 bps as a value in the rate at which future cash flows are discounted to bring them to present value

Perpetuity: Increase / Decrease of up to 25 bps in the rate to calculate the perpetual growth of future cash flows

EBITDA margin: Increase / Decrease of 150 bps of EBITDA margin of operations, which is applied per year for the projected periods, that is, for the years 2024-2028

After modeling and valuing the different CGUs as a result of the tests performed as of December 31, 2023, no impairment were identified in any of the CGUs listed above, assuming conservative projections aligned with the history of the current markets. Thus, despite the deterioration of the macroeconomic conditions experienced by the economic conditions of the countries in which we operate, 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.

The yearly review of other investments revealed that, for the AdeS brand, specifically in the Chilean operation, the recoverable value was CLP 1,627 million less than the book value recorded in the Financial Statements, which were reduced from their book value as of December 2023. This is noteworthy even though no impairment indicators were found for the CGUs mentioned above. The negative trend in the seeds segment's sales and the brand's overall decline in relevance in the local vegetable market are the primary causes of the lower valuation of AdeS in Chile.

As a result of the ongoing monitoring of the cash flows of the various cash-generating units, at the end of the quarter there were no indications of impairment that would require us to run our models to determine a material change from year-end 2023.

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 asset at amortized cost for financial instruments that are maintained within a business model with the objective of maintaining the financial assets to collect contractual cash flows that meet the SPPI criterion. This category includes the Group’s trade and other accounts receivable.

Financial assets measured at fair value with changes in other comprehensive income (FVOCI), with gains or losses recognized in P&L at the time of liquidation. Financial assets in this category correspond to the Group's instruments that meet the SPPI criterion and are kept within a business model both to collect cash flows and to sell.

Other financial assets are classified and subsequently measures as follows:

Equity instruments at fair value with changes in other comprehensive income (FVOCI) without recognizing earnings or losses in P&L at the time of liquidation. This category only includes equity instruments that the Group intends to keep in the foreseeable future and that the Group has irrevocably chosen to classify in this category in the initial recognition or transition.

Financial assets at fair value with changes in P&L (FVPL) include derivative instruments and equity instruments quoted that the Group had not irrevocably chosen to classify at FVOCI in the initial recognition or transition. This category also includes debt instruments whose cash flow characteristics do not comply with the SPPI criterion or are not kept within a business model whose objective is to recognize contractual cash flows or sale.

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 rights to receive cash flows from the asset have expired,

The Group has transferred the rights to receive the cash flows of the asset or has assumed the obligation to pay all cash flows received without delay to a third party under a transfer agreement; and the Group (a) has substantially transferred all risks and benefits of the asset, or (b) has not substantially transferred or retained all risks and benefits of the asset but has transferred control of the asset.

2.9.2

Financial Liabilities

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 value financial liabilities with changes in results include financial liabilities held for trading and financial liabilities designated in their initial recognition at fair value with changes in results. The losses or gains of liabilities held for trading are recognized in the income statement.

Loans and credits are valued at cost or amortized using the effective interest rate method. Gains and losses are recognized in the income statement when liabilities are disposed, as well as interest accrued in accordance with the effective interest rate method.

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 is currently a legally enforceable right to offset the amounts recognized, and

It is intended to liquidate them for the net amount or to realize the assets and liquidate the liabilities simultaneously.

2.10

Derivatives financial instruments and hedging activities

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 instruments designated 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 instruments not 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.

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 the asset or liability main market, or

In the absence of a main market, in the most advantageous market for the transaction of those 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, is directly or indirectly observable

Level 3: Valuation techniques for which the lowest level variable used, which is significant for the calculation, 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 and other 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.

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.

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.

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-Cola Company

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 estimates and 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 and intangible 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.

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 value and 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.

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.

2.23

New Standards, Interpretations and Amendments to IFRS

2.23.1

New Standards, Interpretations and Amendments for annual periods 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 January 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

New Standards, Interpretations and Amendments issued, the application of which is not yet mandatory, for which early adoption has not been made.

Standards and interpretations, as well as IFRS amendments, which have been issued, but have still not become effective as of the date of these financial statements are set forth below. The Company has not made an early adoption of these standards:

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. Mandatory as of January 1, 2025.

Amendment to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments. Published in May 2024, this amendment intends to (Mandatory as from January 1, 2026):

•

clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;

•

clarify and add further guidance for assessing whether a financial asset meets the principal-and-interest-only payment (SPPI) criterion;

•

add new disclosures for certain instruments with contractual terms that may change cash flows (such as some instruments with features linked to the achievement of environmental, social and governance (ESG) goals); and

•

make updates to disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI).

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

•

IFRS 1 First-time Adoption of International Financial Reporting Standards. Some cross-references to IFRS 9 indicated in paragraphs B5-B6 regarding the retrospective application exception in hedge accounting were improved.

•

IFRS 7 Financial Instruments: Disclosures. Regarding the disclosures on results from the derecognition of financial assets where there is continuous involvement, a reference to IFRS 13 is incorporated in order to disclose whether there are significant unobservable inputs that impacted the fair value, and therefore, part of the result of the derecognition.

•

IFRS 9 Financial Instruments. A reference on the initial measurement of accounts receivable was amended by eliminating the concept of transaction price.

•

IFRS 10 Consolidated Financial Statements. Some improvements are incorporated in the description of the control assessment when there are “de facto agents”.

•

IAS 7 Statement of Cash Flows. A reference in paragraph 37 regarding the concept of “equity method” was amended by eliminating the reference to the “cost method”.

IFRS 18 Presentation and disclosure in financial statements. 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 structure of the income statement;

•

disclosures required in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (i.e., performance measures defined by management); and

•

Enhanced principles on aggregation and disaggregation that apply to the principal financial statements and notes overall.

IFRS 19 Non-Public Interest Subsidiaries: Disclosures. This new standard works together with other IFRS Accounting Standards. An eligible subsidiary applies the requirements of other IFRS Accounting Standards, except for the disclosure requirements, and instead applies 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 (effective January 1, 2027). A subsidiary is eligible if it:

•

has no public liability; and

•

has an ultimate or intermediate parent that produces consolidated financial statements available for public use that comply with IFRS Accounting Standards.

Management estimates that the amendments to IFRS 9, IFRS 7 and IFRS 19 will have no significant impact on the Group. Management has decided to apply the amendment to IAS 21 as of the date specified in the amendment, which is January 1, 2025. Given the volatility of Argentina's exchange markets and the announcements of amendments, it is currently impossible to estimate the impact of this amendment. Finally, regarding IFRS 18, Management will begin a process of evaluating the impact on the presentation of the required information.

3 – FINANCIAL REPORTING BY SEGMENT

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 in Chile

•

Operation in Brazil

•

Operation in Argentina

•

Operation 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.

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

For the period ended September 30, 2024	Operation in Chile			Operation in Argentina			Operation in Brazil			Operation in Paraguay			Inter-segment eliminations			Consolidated, total
	ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Revenues from ordinary activities		880,103,866			483,390,512			656,583,721			197,637,271			(7,236,280	)		2,210,479,090
Cost of sales		(588,437,884	)		(262,644,061	)		(388,851,690	)		(111,888,491	)		7,483,780			(1,344,338,346	)
Distribution expenses		(72,839,019	)		(63,102,057	)		(48,645,864	)		(10,854,357	)		-			(195,441,297	)
Administrative expenses		(151,345,389	)		(112,169,933	)		(100,599,285	)		(28,380,819	)		-			(392,495,426	)
Financial income		9,019,723			(2,373,593	)		8,656,070			856,045						16,158,245
Financial costs		(24,034,543	)		(6,892,492	)		(19,312,763	)		-			-			(50,239,798	)
Share of entity in income of associates accounted for using the equity method, total		(114,839	)		-			1,974,972			-			-			1,860,133
Income tax expense		(28,837,014	)		(17,946,982	)		(28,836,009	)		(5,092,899	)		-			(80,712,904	)
Oher income (expenses) (*)		(21,125,195	)		6,395,346			(16,285,430	)		(127,022	)		-			(31,142,301	)
Net income of the segment reported		2,389,707			24,656,740			64,683,722			42,149,728			247,500			134,127,397

Depreciation and amortization		37,590,065			30,847,269			27,628,127			12,101,115			(247,500	)		107,919,076

Current assets		462,612,684			118,446,015			251,459,444			55,118,800			-			887,636,943
Non-current assets		849,696,962			339,281,687			683,606,919			260,189,271			-			2,132,774,839
Segment assets, total		1,312,309,646			457,727,702			935,066,363			315,308,071			-			3,020,411,782

Carrying amount in associates accounted for using the equity method, total		49,269,836			-			38,102,083			-			-			87,371,919

Segment disbursements of non-monetary assets		89,975,248			51,208,880			59,562,867			9,765,299			-			210,512,294

Current liabilities		280,837,754			135,425,246			223,951,459			35,507,155			-			675,721,614
Non-current liabilities		909,148,182			44,391,143			369,415,763			17,712,073			-			1,340,667,161
Segment liabilities, total		1,189,985,936			179,816,389			593,367,222			53,219,228			-			2,016,388,775

Cash flows (used in) provided by in Operating Activities		165,428,884			1,852,264			63,936,664			(12,963,494	)		-			218,254,318
Cash flows (used in) provided by Investing Activities		(148,462,449	)		(51,208,145	)		(478,323	)		(9,765,299	)		-			(209,914,216	)
Cash flows (used in) provided by Financing Activities		(49,726,608	)		31,471,924			(72,331,212	)		(1,372,118	)		-			(91,958,014	)

For the period ended September 30, 2023	Operation in Chile			Operation in Argentina			Operation in Brazil			Operation in Paraguay			Inter-country eliminations			Consolidated, total
	ThCh$			ThCh$			ThCh$			ThCh$			ThCh$			ThCh$
Net sales		859,500,160			507,795,693			501,778,512			154,610,186			(2,682,588	)		2,021,001,963
Cost of sales		(574,618,982	)		(263,635,726	)		(311,356,991	)		(85,918,250	)		2,930,088			(1,232,599,861	)
Distribution expenses		(72,220,823	)		(68,713,132	)		(37,312,958	)		(8,965,897	)		-			(187,212,810	)
Administrative expenses		(138,692,378	)		(104,390,817	)		(83,040,219	)		(23,091,401	)		-			(349,214,815	)
Financial income		9,089,511			9,897,052			7,443,760			613,577			-			27,043,900
Financial costs		(23,302,595	)		(7,135,351	)		(21,288,168	)		-			-			(51,726,114	)
Share of entity in income of associates accounted for using the equity method, total		(1,378,531	)		-			1,373,230			-			-			(5,301	)
Income tax expense		(21,029,489	)		(25,690,479	)		(13,573,954	)		(4,403,001	)		-			(64,696,923	)
Oher income (expenses)		(27,053,298	)		(10,708,571	)		(8,195,070	)		(3,079,599	)		-			(49,036,538	)
Net income of the segment reported		10,293,575			37,418,669			35,828,142			29,765,615			247,500			113,553,501

Depreciation and amortization		32,773,124			26,976,123			23,805,966			9,936,829			(247,500	)		93,244,542

Current assets		483,538,026			114,892,446			228,789,116			65,262,757			-			892,482,345
Non-current assets		783,625,576			273,937,666			637,347,449			278,202,215			-			1,973,112,906
Segment assets, total		1,267,163,602			388,830,112			866,136,565			343,464,972			-			2,865,595,251

Carrying amount in associates and joint ventures accounted for using the equity method, total		48,651,947			-			43,442,286			-			-			92,094,233

Segment disbursements in non-monetary assets		70,584,319			29,574,703			37,792,203			13,209,872			-			151,161,097

Current liabilities		244,354,183			125,127,306			199,400,691			42,290,874			-			611,073,054
Non-current liabilities		885,020,989			33,880,597			355,314,942			17,387,907			-			1,291,604,435
Segment liabilities, total		1,129,375,172			159,007,903			554,715,633			59,678,781			-			1,902,777,489

Cash flows (used in) provided by in Operating Activities		146,206,625			(9,805,355	)		54,681,265			7,314,864			-			198,397,399
Cash flows (used in) provided by Investing Activities		(160,004,878	)		(29,574,283	)		122,759,570			(14,100,104	)		-			(80,919,695	)
Cash flows (used in) provided by Financing Activities		16,190,207			28,776,900			(209,041,702	)		-			-			(164,074,595	)

4 – CASH AND CASH EQUIVALENTS

The composition of cash and cash equivalents is as follows:

By item	09.30.2024		12.31.2023
	ThCh$		ThCh$
Cash		7,791,545		552,062
Bank balances		91,940,086		119,335,228
Other fixed rate instruments		110,953,636		183,796,393
Cash and cash equivalents		210,685,267		303,683,683

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.. There are no restrictions for significant amounts available to cash.

By currency	09.30.2024		12.31.2023
	ThCh$		ThCh$
USD		8,759,402		9,462,829
EUR		643,253		437,604
ARS		2,227,726		18,340,987
CLP		110,127,618		140,758,085
PYG		12,356,129		38,469,449
BRL		76,571,139		96,214,729
Cash and cash equivalents		210,685,267		303,683,683

5 – OTHER CURRENT AND NON-CURRENT FINANCIAL ASSETS

The composition of other financial assets is as follows:

	Balance
	Current				Non-current
Other financial assets	09.30.2024		12.31.2023		09.30.2024		12.31.2023
	ThCh$		ThCh$		ThCh$		ThCh$
Financial assets measured at amortized cost (1)		71,508,466		66,190,949		2,948,080		3,027,052
Financial assets at fair value (2)		849,300		1,094,844		125,890,698		78,988,715
Other financial assets (3)		-		-		19,418,852		11,300,572
Total		72,357,766		67,285,793		148,257,630		93,316,339

(1)

Financial instrument that does not meet the definition of cash equivalents pursuant to Note 2.13.

(2)

Market value of hedging instruments. See details in Note 22.

(3)

Correspond to the rights in the Argentinean company Alimentos de Soya S.A., manufacturing company of “AdeS” products, which are framed in the purchase of the "AdeS" brand managed by The Coca-Cola Company at the end of 2016.

6 – OTHER CURRENT AND NON-CURRENT NON-FINANCIAL ASSETS

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

	Balance
	Current				Non-current
Other non-financial assets	09.30.2024		12.31.2023		09.30.2024		12.31.2023
	ThCh$		ThCh$		ThCh$		ThCh$
Prepaid expenses		13,058,885		11,435,334		1,202,568		1,700,462
Tax credit remainder (1)		171,025		933,282		25,178,254		39,373,807
Judicial deposits		-		-		14,171,730		14,649,339
Others (2)		10,601,860		6,943,235		13,417,168		3,688,874
Total		23,831,770		19,311,851		53,969,720		59,412,482

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

At the closing of these financial statements the value to be transferred to the former shareholders of Ipiranga is CLP 25,178,254 (CLP 30,830,785 at December 31, 2023). The liability is recorded in other non-financial liabilities (Note 18).

(2)   Other non-financial assets are mainly composed of advances to suppliers.

7 – TRADE ACCOUNTS AND OTHER ACCOUNTS RECEIVABLE

The composition of trade and other receivables is as follows:

	Current				Non-current
Trade debtors and other accounts receivable, Net	09.30.2024		12.31.2023		09.30.2024		12.31.2023
	ThCh$		ThCh$		ThCh$		ThCh$
Trade debtors	212,126,033		251,169,538		89,905		94,190
Other debtors		35,440,498		41,973,516		53,096		277,077
Other accounts receivable		4,235,502		5,749,110		13,883		134
Total		251,802,033		298,892,164		156,884		371,401

	Current				Non-current
Trade debtors and other accounts receivable, Gross	09.30.2024		12.31.2023		09.30.2024		12.31.2023
	ThCh$		ThCh$		ThCh$		ThCh$
Trade debtors		216,587,861		255,616,735		89,905		94,190
Other debtors		36,072,201		42,135,933		53,096		277,077
Other accounts receivable		4,439,773		5,834,787		13,883		134
Total		257,099,835		303,587,455		156,884		371,401

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

	09.30.2024		12.31.2023
	ThCh$		ThCh$
Less than one month		206,762,901		239,907,074
Between one and three months		2,241,748		7,467,587
Between three and six months		1,156,757		1,276,211
Between six and eight months		5,982,340		5,142,341
Older than eight months		534,020		1,917,712
Total		216,677,766		255,710,925

The Company has approximately 273 thousand clients, which may have balances in the different sections of the stratification. The number of clients is distributed geographically with 68 thousand in Chile, 85 thousand in Brazil, 66 thousand in Argentina and 53 thousand 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:

	09.30.2024
	Credit amount		Impairment provision			Percentage %
	ThCh$		ThCh$
Less than one month		206,762,901		(942,322	)		0.46	%
Between one and three months		2,241,748		(317,810	)		14.18	%
Between three and six months		1,156,757		(208,225	)		18.00	%
Between six and eight months		5,982,340		(2,657,024	)		44.41	%
Older than eight months		534,020		(336,447	)		63.00	%
Total		216,677,766		(4,461,828	)

	12.31.2023
	Credit amount		Impairment provision			Percentage %
	ThCh$		ThCh$
Less than one month		239,907,074		(700,137	)		0,29	%
Between one and three months		7,467,587		(294,510	)		3,94	%
Between three and six months		1,276,211		(138,648	)		10,86	%
Between six and eight months		5,142,341		(2,397,365	)		46,62	%
Older than eight months		1,917,712		(916,537	)		48	%
Total		255,710,925		(4,447,197	)

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

	09.30.2024			12.31.2023
	ThCh$			ThCh$
Opening balance		4,447,197			4,492,643
Increase (decrease)		1,420,742			1,319,216
Provision reversal		(1,003,626	)		(1,110,743	)
Increase (decrease) for changes of foreign currency		(402,485	)		(253,919	)
Sub – total movements		14,631			(45,446	)
Ending balance		4,461,828			4,447,197

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	09.30.2024			12.31.2023
	ThCh$			ThCh$
Raw materials (1)		116,052,882			90,992,931
Finished goods		119,536,669			115,591,443
Spare parts and supplies		34,060,305			26,527,656
Work in progress		183,311			194,686
Other inventories		8,041,384			6,012,077
Obsolescence provision (2)		(3,613,946	)		(6,265,633	)
Total		274,260,605			233,053,160

The cost of inventory recognized as cost of sales amounts to CLP 1,094,296,356 thousand and CLP 1,016,382,735 thousand as of September 30, 2024 and 2023, respectively.

(1)

Approximately 80% is composed of concentrate and sweeteners used in the preparation of beverages, as well as caps and PET supplies used in the packaging of the product.

(2)

The obsolescence provision is related mainly with the obsolescence of spare parts classified as inventories and to a lesser extent to finished products and raw materials. The general standard is to provision all those multi-functional spare parts without utility in rotation in the last four years prior to the technical analysis technical to adjust the provision. In the case of raw materials and finished products, the obsolescence provision is determined according to maturity.

9 – TAX ASSETS AND LIABILITIES

The composition of current tax accounts receivable is the following:

Tax assets	09.30.2024		12.31.2023
		ThCh$		ThCh$
Monthly provisional payments		2,679,042		4,691,320
Tax credits		38,732,533		32,125,597
Recoverable taxes from prior years		77,287		27,247
Surplus Tax Credit		2,972,961		6,265,971
Other Recoverable Taxes		327,296		272,923
Total		44,789,119		43,383,058

The composition of current tax accounts payable is the following:

	Current
Tax liabilities	09.30.2024		12.31.2023
		ThCh$		ThCh$
Income tax expense		29,090,784		13,411,621
Total		29,090,784		13,411,621

10 – INCOME TAX EXPENSE AND DEFERRED TAXES

10.1 Income tax expense

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

Details	09.30.2024			09.30.2023
	ThCh$			ThCh$
Current income tax expense		(72,245,443	)		(59,643,170	)
Current tax adjustment previous period		1,425,173			(126,754	)
Foreign dividends tax withholding expense		(1,976,237	)		(18,816,819	)
Other current tax expense (income)		-			-
Current income tax expense		(72,796,507	)		(78,586,743	)
Expense (income) for the creation and reversal of temporary differences of deferred tax and others		(7,916,397	)		13,889,820
Expense (income) for deferred taxes		(7,916,397	)		13,889,820
Total income tax expense		(80,712,904	)		(64,696,923	)

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

Income taxes	09.30.2024			09.30.2023
	ThCh$			ThCh$
Current taxes
Foreign		(39,846,624	)		(28,033,160	)
National		(27,795,955	)		(50,553,582	)
Current tax expense		(67,642,579	)		(78,586,742	)
Deferred taxes
Foreign		(12,029,267	)		(15,634,275	)
National		(1,041,058	)		29,524,094
Deferred tax expense		(13,070,325	)		13,889,819
Income tax expense		(80,712,904	)		(64,696,923	)

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	09.30.2024			09.30.2023
	ThCh$			ThCh$
Net income before taxes		214,840,301			178,250,424
Tax expense at legal rate (27.0%)		(58,171,752	)		(48,127,614	)
Effect of tax rate in other jurisdictions		(1,832,824	)		(2,746,837	)
Permanent differences:
Withholding and other non-taxable income		(13,529,658	)		(18,791,367	)
Non-deductible expenses		(4,208,229	)		(1,918,167	)
Tax effect on excess tax provision in previous periods		1,855,236			(552,159	)
Tax effect of price-level restatement for Chilean companies		(2,837,479	)		(5,616,083	)
Subsidiaries tax withholding expense and other legal tax debits and credits		(1,988,198	)		13,055,304
Adjustments to tax expense		(20,708,328	)		(13,822,472	)
Tax expense at effective rate		(80,712,904	)		(64,696,923	)
Effective rate		37.6	%		36.3	%

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	%

10.2 Deferred taxes

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

	09.30.2024						12.31.2023
Temporary differences	Assets			Liabilities			Assets			Liabilities
	ThCh$			ThCh$			ThCh$			ThCh$
Property, plant and equipment		11,189,268			(66,239,960	)		5,970,424			(54,058,525	)
Obsolescence provision		1,198,990			-			2,231,501			-
ICMS exclusion credit		1,450,509			-			3,241,530			-
Employee benefits		7,145,219			-			8,212,311			(14,382	)
Provision for severance indemnity		2,744,901			(1,492	)		2,546,033			(94,659	)
Tax loss carry forwards (1)		674,801			-			2,142,747			-
Tax goodwill Brazil (2)		-			(14,782,712	)		-			(15,782,005	)
Contingency provision		25,837,335			-			27,144,927			-
Foreign Exchange differences (3)		-			(4,681,923	)		4,640,723			-
Allowance for doubtful accounts		1,070,887			-			799,274			-
Coca-Cola incentives (Argentina)		182,024			-			-			-
Assets and liabilities for placement of bonds		-			(525,544	)		-			(561,994	)
Financial expense		-			(2,262,207	)		-			(2,363,384	)
Lease liabilities		4,897,595			-			3,665,695			-
Inventories		2,117,063			-			1,706,518			-
Distribution rights (4)		-			(154,720,164	)		-			(161,155,669	)
Hedge derivatives		-			-			-			-
Prepaid income		4,265,247			(218,364	)		4,481,352			-
Spare parts		-			(9,129,971	)		-			(4,816,189	)
Intangibles		83,572			(9,362,271	)		77,752			(5,497,812	)
Tax inflation adjustment		-			(3,002,070	)		-			-
Accrued loan income		-			(73,402	)		-			-
Others		3,917,470			(3,649,624	)		4,301,875			(2,965,088	)
Subtotal		66,774,881			(268,649,704	)		71,162,662			(247,309,707	)
Offsetting of deferred tax assets/(liabilities)		(62,110,505	)		62,110,505			(66,839,488	)		66,839,488
Total assets and liabilities net		4,664,376			(206,539,199	)		4,323,174			(180,470,219	)

(1)

Tax losses mainly associated with entities in Chile. Tax losses have no expiration date in Chile.

(2)

Difference for tax amortization of Goodwill in Brazil.

(3)

Corresponds to deferred taxes for exchange rate differences generated on the translation of debts expressed in foreign currency in the subsidiary Rio de Janeiro Refrescos Ltda., that for tax purposes are recognized when paid.

(4)

Distribution rights arising from business combinations. See Note 15.

Deferred tax account movements are as follows:

Movement	09.30.2024			12.31.2023
	ThCh$			ThCh$
Opening balance		(176,147,045	)		(163,350,223	)
Increase (decrease) in deferred tax		(36,366,895	)		(31,400,047	)
Increase (decrease) due to foreign currency translation(*)		10,639,117			18,603,225
Total movements		(25,727,778	)		(12,796,822	)
Ending balance		(201,874,823	)		(176,147,045	)

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

11 – PROPERTY, PLANT AND EQUIPMENT

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

Property, plant and equipment, gross	09.30.2024		12.31.2023
	ThCh$		ThCh$
Construction in progress		169,682,676		96,126,388
Land		118,292,235		115,737,432
Buildings		391,616,720		356,340,587
Plant and equipment		796,497,994		709,047,901
Information technology equipment		40,781,354		35,069,078
Fixed installations and accessories		67,725,057		43,914,423
Vehicles		86,093,720		81,294,395
Leasehold improvements		490,517		420,586
Rights of use		106,354,805		100,265,151
Other properties, plant and equipment (1)		545,868,157		425,204,655
Total Property, plant and equipment, gross		2,323,403,235		1,963,420,596

Accumulated depreciation of Property, plant and equipment	09.30.2024			12.31.2023
	ThCh$			ThCh$
Buildings		(149,077,737	)		(130,708,389	)
Plant and equipment		(560,509,116	)		(494,072,229	)
Information technology equipment		(31,126,181	)		(25,646,570	)
Fixed installations and accessories		(46,055,214	)		(28,383,356	)
Vehicles		(55,885,267	)		(48,042,781	)
Leasehold improvements		(334,211	)		(351,552	)
Rights of use		(72,145,887	)		(66,973,796	)
Other properties, plant and equipment (1)		(385,106,274	)		(296,853,112	)
Total accumulated depreciation		(1,300,239,887	)		(1,091,031,785	)
Total Property, plant and equipment, net		1,023,163,348			872,388,811

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

Other Property, plant and equipment, net	09.30.2024		12.31.2023
	ThCh$		ThCh$
Bottles		46,610,569		43,683,655
Marketing and promotional assets (market assets)		83,504,483		72,164,433
Other Property, plant and equipment		30,646,831		12,503,455
Total		160,761,883		128,351,543

11.1 Movements

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

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

	ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Opening 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	128,595,095		-		390,879		19,742,529		994,117		178,849		1,440,973		127,238		50,588,908		-		202,058,588
Right-of use additions	-		-		-		-		-		-		-		-		-		8,365,135		8,365,135
Disposals	-		-		-		(64,245	)	-		-		(385,366	)	(5,840	)	(4,520,737	)	-		(4,976,188	)
Transfers between items of Property, plant and equipment	(45,012,356	)	-		10,825,945		18,299,593		1,490,227		2,838,155		1,085,301		-		10,395,754		77,381		-
Right-of-use transfers	-		-		-		-		-		-		-		-		-		-		-
Depreciation expense	-		-		(7,844,870	)	(26,644,009	)	(2,894,232	)	(2,207,078	)	(4,962,264	)	(24,489	)	(46,309,227	)	-		(90,886,169	)
Amortization	-		-		-		-		-		-		-		-		-		(11,946,565	)	(11,946,565	)
Increase (decrease) due to foreign currency translation differences	10,641,554		2,914,021		13,321,444		6,599,566		642,815		5,328,851		(515,801	)	(9,638	)	25,477,320		4,502,986		68,903,118
Other increase (decrease) (2)	(20,668,005	)	(359,218	)	213,387		3,079,774		(262	)	-		293,996		-		(3,221,678	)	(81,374	)	(20,743,380	)
Total movements	73,556,288		2,554,803		16,906,785		21,013,208		232,665		6,138,777		(3,043,161	)	87,271		32,410,340		917,563		150,774,539
Ending balance al 09.30.2024	169,682,676		118,292,235		242,538,983		235,988,878		9,655,173		21,669,844		30,208,453		156,305		160,761,883		34,208,918		1,023,163,348

(1)

Right of use assets is composed as follows:

Right-of-use	Gross asset	Accumulated depreciation		Net asset
	ThCh$	ThCh$		ThCh$
Constructions and buildings	22,008,253	(10,210,206	)	11,798,047
Plant and Equipment	61,166,102	(43,450,177	)	17,715,925
IT equipment	701,695	(588,290	)	113,405
Motor vehicles	15,441,780	(10,903,406	)	4,538,374
Others	7,036,975	(6,993,808	)	43,167
Total	106,354,805	(72,145,887	)	34,208,918

	Lease liabilities interest expenses at the closing of the period reached ThCh$ 2,408,487

	(2) Corresponds mainly to the effect of adopting IAS 29 in Argentina.

	Construction in progress		Land		Buildings, net		Plant and equipment, net		IT equipment, net		Fixed facilities and accessories, net		Vehicles, net		Leasehold improvements, net		Others		Rights-of-use, net (1)		Property, plant and equipment, net
	ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Opening balance at 01.01.2023	49,169,567		104,906,878		220,452,589		194,082,859		7,735,547		25,741,063		31,158,954		80,186		144,297,623		20,595,993		798,221,259
Additions	100,905,107		11,316,009		1,266,472		37,341,985		1,081,074		6,248		3,804,000		22,935		41,756,709		-		197,500,539
Right-of use additions	-		-		-		-		-		-		-		-		-		25,119,021		25,119,021
Disposals	-		-		(6,707	)	(292,766	)	(1,365	)	-		(42,333	)	-		(1,431,798	)	(174,444	)	(1,949,413	)
Transfers between items of Property, plant and equipment	(57,285,699	)	-		9,985,619		21,285,201		2,279,728		2,148,709		2,511,373		-		18,399,131		675,938		-
Right-of-use transfers	-		-		-		-		-		-		-		-		-		-		-
Depreciation expense	-		-		(9,175,999	)	(29,999,476	)	(3,048,237	)	(1,903,192	)	(5,692,021	)	(46,176	)	(46,855,960	)	-		(96,721,061	)
Amortization	-																-		(11,005,033	)	(11,005,033	)
Increase (decrease) due to foreign currency translation differences	95,202		(485,959	)	(4,295,531	)	(2,173,388	)	311,883		(3,243,921	)	898,032		4,474		(16,326,501	)	56,926		(25,158,783	)
Other increase (decrease) (2)	3,242,211		504		7,405,755		(5,268,743	)	1,063,878		(7,217,840	)	613,609		7,615		(11,487,661	)	(1,977,046	)	(13,617,718	)
Total movements	46,956,821		10,830,554		5,179,609		20,892,813		1,686,961		(10,209,996	)	2,092,660		(11,152	)	(15,946,080	)	12,695,362		74,167,552
Ending balance al 12.31.2023	96,126,388		115,737,432		225,632,198		214,975,672		9,422,508		15,531,067		33,251,614		69,034		128,351,543		33,291,355		872,388,811

(1)

Right of use assets is composed as follows:

Right-of-use	Gross asset	Accumulated depreciation		Net asset
	ThCh$	ThCh$		ThCh$
Constructions and buildings	16,246,384	(6,883,481	)	9,362,903
Plant and Equipment	52,431,352	(35,679,624	)	16,751,728
IT equipment	1,155,261	(1,030,250	)	125,011
Motor vehicles	22,051,973	(15,132,557	)	6,919,416
Others	8,380,181	(8,247,884	)	132,297
Total	100,265,151	(66,973,796	)	33,291,355

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

	(2) Corresponds mainly to the effect of adopting IAS 29 in Argentina.

12 – RELATED PARTIES

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

12.1 Accounts receivable:

					09.30.2024		12.31.2023
Taxpayer ID	Company	Relationship	Country	Currency	Current	Non-current	Current	Non-current
					ThCh$	ThCh$	ThCh$	ThCh$
96.891.720-K	Embonor S.A.	Shareholder related	Chile	CLP	4,116,698	-	7,371,731	-
77.526.480-2	Comercializadora Nova Verde	Common shareholder	Chile	CLP	3,797,188	-	5,071,655	-
Foreign	Sorocaba Refrescos	Shareholder related	Brazil	BRL	-	-	1,223,699	-
76.140.057-6	Monster	Associate	Chile	CLP	1,531,262	-	837,713	-
86.881.400-4	Envases CMF S.A.	Associate	Chile	CLP	-	-	713,006	-
96.517.210-2	Embotelladora Iquique S.A.	Shareholder related	Chile	CLP	302,333	-	403,061	-
96.714.870-9	Coca-Cola de Chile S.A.	Shareholder	Chile	CLP	-	352,808	349,914	108,021
76.572.588-7	Coca-Cola del Valle New Ventures S.A.	Associate	Chile	CLP	32,064	-	149,820	-
Foreign	Embotelladoras Bolivianas Unidas S.A.	Shareholder related	Bolivia	USD	-	-	40,719	-
Foreign	The Coca-Cola Export Corporation Panama	Shareholder related	Panama	USD	130,838		-	-
Total					9,910,383	352,808	16,161,318	108,021

12.2 Accounts payable:

					09.30.2024		12.31.2023
Taxpayer ID	Company	Relationship	Country	Currency	Current	Non-current	Current	Non-current
					ThCh$	ThCh$	ThCh$	ThCh$
Foreign	Recofarma do Indústrias Amazonas Ltda.	Shareholder related	Brazil	BRL	32,020,481	1,120,979	40,159,177	6,007,041
96.714.870-9	Coca-Cola de Chile S.A.	Shareholder	Chile	CLP	31,147,196	-	25,770,189	-
Foreign	Ser. y Prod. para Bebidas Refrescantes S.R.L.	Shareholder	Argentina	ARS	6,937,653	-	9,431,483	-
86.881.400-4	Envases CMF S.A.	Associate	Chile	CLP	5,278,218	-	6,883,553	-
Foreign	Coca-Cola Company	Shareholder	Paraguay	PYG	4,960,415	-	4,877,061	-
Foreign	Monster Energy Company – USA	Shareholder related	Argentina	PYG	2,961,878	-	2,389,283	-
77.526.480-2	Comercializadora Nova Verde S.A.	Common shareholder	Chile	CLP	1,653,713	-	2,831,752	-
Foreign	Monster Energy Brasil Com de Bebidas Ltda.	Shareholder related	Brazil	BRL	1,813,761	-	1,985,330	-
76.572.588-7	Coca Cola del Valle New Ventures S.A.	Associate	Chile	CLP	399,270	-	602,113	-
96.891.720-K	Embonor S.A.	Shareholder related	Chile	CLP	45,676	-	416,073	-
Foreign	Leão Alimentos e Bebidas Ltda.	Associate	Brazil	BRL	193,971	-	307,967	-
Foreign	The Coca- Cola Export Corporation	Shareholder related	Panamá	USD	1,159,820	-	288,001	-
Foreign	Monster Energy Company – EEUU	Shareholder related	Argentina	PYG	21,991	-	61,155	-
Foreign	Alimentos de Soja S.A.U.	Shareholder related	Argentina	ARS	4,516	-	38,797	-
89.996.200-1	Envases del Pacifico S.A.	Shareholder related	Chile	CLP	-	-	3,690	-
Foreign	Coca-Cola Hellenic Business Service	Shareholder related	Greece	USD	10,946	-	-	-
Total					88,609,505	1,120,979	96,045,624	6,007,041

12.3 Transactions:

Taxpayer ID

Company

Relationship

Country

Transaction description

Currency

Accumulated at
09.30.2024

Accumulated at
12.31.23

ThCh$

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Purchase of concentrate

CLP

147,664,260

207,040,438

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Purchase of advertising services and others

CLP

9,651,972

9,057,004

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Lease of water source

CLP

4,471,644

6,424,479

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Sale of raw materials and others

CLP

2,453,269

1,025,290

96.714.870-9

Coca-Cola de Chile S.A.

Shareholders

Chile

Minimum dividend

CLP

35,855

86.881.400-4

Envases CMF S.A.

Associate

Chile

Purchase of containers

CLP

14,576,144

21,103,185

86.881.400-4

Envases CMF S.A.

Associate

Chile

Purchase of raw materials

CLP

20,588,712

32,085,055

86.881.400-4

Envases CMF S.A.

Associate

Chile

Purchase of services and others

CLP

460,413

496,196

86.881.400-4

Envases CMF S.A.

Associate

Chile

Purchase of containers

CLP

9,008,637

10,830,682

86.881.400-4

Envases CMF S.A.

Associate

Chile

Sale of containers/raw materials

CLP

9,013,784

10,981,598

93.281.000-K

Coca-Cola Embonor S.A.

Common shareholder

Chile

Sale of finished products

CLP

56,654,435

74,933,722

93.281.000-K

Coca-Cola Embonor S.A.

Common shareholder

Chile

Sale of services and others

CLP

75,743

360,722

93.281.000-K

Coca-Cola Embonor S.A.

Common shareholder

Chile

Sale of raw materials and inputs

CLP

34,615

261,983

96.891.720-K

Embonor S.A.

Shareholder related

Chile

Minimum dividend

CLP

416,073

96.517.310-2

Embotelladora Iquique S.A.

Shareholder related

Chile

Sale of finished products

CLP

4,375,530

6,912,134

89.996.200-1

Envases del Pacífico S.A.

Director related

Chile

Purchase of raw materials and inputs

CLP

138,792

3,690

94.627.000-8

Parque Arauco S.A

Director related

Chile

Space lease

CLP

152,248

143,308

Foreign

Recofarma do Indústrias Amazonas Ltda.

Shareholder related

Brazil

Purchase of concentrate

BRL

121,729,211

125,212,630

Foreign

Recofarma do Indústrias Amazonas Ltda.

Shareholder related

Brazil

Sale of water source

BRL

9,750,769

Foreign

Recofarma do Indústrias Amazonas Ltda.

Shareholder related

Brazil

Lease of water source

BRL

4,859,602

624,871

Foreign

Serv. y Prod. para Bebidas Refrescantes S.R.L.

Shareholder related

Argentina

Purchase of concentrate

ARS

96,219,257

109,232,990

Foreign

Serv. y Prod. para Bebidas Refrescantes S.R.L.

Shareholder related

Argentina

Advertising rights awards and others

ARS

124,203

Foreign

KAIK Participações

Associate

Brazil

Reimbursement and other purchases

BRL

21,263

114,147

Foreign

Leão Alimentos e Bebidas Ltda.

Associate

Brazil

Purchase of products

BRL

1,375,678

130,042

Foreign

Sorocaba Refrescos S.A.

Associate

Brazil

Purchase of products

BRL

3,183,730

2,799,927

76.572.588-7

Coca-Cola Del Valle New Ventures SA

Associate

Chile

Sale of services and others

CLP

1,242,678

555,666

76.572.588-7

Coca-Cola Del Valle New Ventures SA

Associate

Chile

Purchase of services and others

CLP

2,411,348

4,296,982

Foreign

Alimentos de Soja S.A.U.

Shareholder related

Argentina

Payment of fees and services

ARS

13,136

565,355

Foreign

Alimentos de Soja S.A.U.

Shareholder related

Argentina

Purchase of products

ARS

311,617

674,311

Foreign

Alimentos de Soja S.A.U.

Shareholder related

Argentina

Marketing services

ARS

214

49,114

Foreign

Trop Frutas do Brasil Ltda.

Associate

Brazil

Purchase of products

BRL

70,745

190,060

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Sale of raw materials

CLP

61,184

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Sale of finished products

CLP

10,018,961

12,827,332

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Sale of services and others

CLP

463,678

1,689,356

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Purchase of finished products

CLP

17,724,706

21,192,591

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Advertising services and others

CLP

2,226,889

924,924

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Cold equipment maintenance

CLP

176,141

594,640

77526480-2

Comercializadora Novaverde S.A.

Common shareholder

Chile

Purchase of raw materials

CLP

480,713

401,498

97.036.000-K

Banco Santander Chile.

Director/Manager/Executive

Chile

Purchase of services

CLP

2,146

4,396,965

Foreign

Monster Energy Brasil Comercio de Bebidas Ltda.

Equity investee

Brazil

Purchase of products

BRL

1,381,692

3,466,645

33-0520613

Monster Energy Company - USA

Equity investee

U.S.A.

Purchase of advertising material

CLP

473,411

175,705

76140057-6

Monster Energy Company - CHILE

Subsidiary

Chile

Sale of advertising services and others

CLP

3,829,818

3,561,747

76140057-6

Monster Energy Company - CHILE

Subsidiary

Chile

Purchase of advertising services and others

CLP

638,658

439,520

76140057-6

Monster Energy Company - CHILE

Subsidiary

Chile

Purchase of finished products

CLP

27,141,293

35,904,599

Foreign

The Coca-Cola Export Corporation Panama

Shareholder related

Chile

Purchase of products and others

CLP

1,419,551

230,619

Foreign

The Coca-Cola Export Corporation Atlanta

Shareholder related

Chile

Purchase of products and others

CLP

361,873

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	09.30.2024		09.30.2023
	ThCh$		ThCh$
Executive wages, salaries and benefits		10,472,614		7,685,973
Director allowances		1,364,925		1,251,500
Total		11,837,539		8,937,473

13 – CURRENT AND NON-CURRENT EMPLOYEE BENEFITS

Employee benefits are detailed as follows:

Description	09.30.2024		12.31.2023
	ThCh$		ThCh$
Accrued vacation		25,391,604		23,546,649
Participation in profits and bonuses		27,651,682		34,271,151
Severance indemnity		19,183,536		18,473,946
Total		72,226,822		76,291,746

	ThCh$		ThCh$
Current		52,519,458		57,817,800
Non-current		19,707,364		18,473,946
Total		72,226,822		76,291,746

13.1 Severance indemnities

The movements in benefits and valuation as mentioned in Note 2 are as follows:

Movements	09.30.2024			12.31.2023
		ThCh$			ThCh$
Opening balance		18,473,946			17,409,795
Service costs		835,899			1,202,371
Interest costs		636,753			1,000,018
Actuarial variations		761,238			(1,678,013	)
Other accrued benefits		539,327			2,184,304
Benefits paid		(1,539,799	)		(1,644,529	)
Total		19,707,364			18,473,946

13.1.1 Assumptions

The actuarial assumptions used are detailed as follows:

Assumptions	09.30.2024		12.31.2023
Discount rate		2.26%		2.26%
Expected salary increase rate		2.0%		2.0%
Turnover rate		7.62%		7.62%
Mortality rate		RV-2020		RV-2020
Retirement age of women		60 years		60 years
Retirement age of men		65 years		65 years

13.2 Personnel expenses

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

Description	09.30.2024		09.30.2023
	ThCh$		ThCh$
Wages and salaries		244,310,052		218,019,456
Employee benefits		64,833,118		58,242,068
Severance benefits		4,829,253		5,065,028
Other personnel expenses		16,116,515		15,068,053
Total		330,088,938		296,394,605

14 – INVESTMENTS IN ASSOCIATES ACCOUNTED 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:

						Ownership
			Functional	Investment value		interest
TAXPAYER ID	Name	Country	currency	09.30.2024	12.31.2023	09.30.2024		12.31.2023
86.881.400-4	Envases CMF S.A. (1)	Chile	CLP	20,842,351	21,025,975	50.00	%	50.00	%
Foreign	Leão Alimentos e Bebidas Ltda. (2)	Brazil	BRL	11,156,743	10,636,778	10.26	%	10.26	%
Foreign	Kaik Participações Ltda. (2)	Brazil	BRL	454,316	1,551,253	11.32	%	11.32	%
Foreign	SRSA Participações Ltda.	Brazil	BRL	53,802	59,875	40.00	%	40.00	%
Foreign	Sorocaba Refrescos S.A.	Brazil	BRL	26,437,075	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	28,427,632	28,764,973	35.00	%	35.00	%
Total				87,371,919	91,799,267

(1)

In Envases CMF S.A., regardless of the ownership interest, it was determined that no controlling interest was held, only a significant influence, given that there was not a majority vote of the Board of Directors to make strategic business decisions.

(2)

In these companies, regardless of the ownership interest, it has been defined that the Company has significant influence, given that it has the right to appoint directors.

(3)

The 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.

14.2 Movements

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

Description	09.30.2024			12.31.2023
	ThCh$			ThCh$
Opening balance		91,799,267			92,344,598
Dividends declared		(1,888,026	)		(6,232,958	)
Share in operating income		2,405,095			3,145,106
Other increase (decrease) in investments in associated companies		-			(1,615,050	)
Disposal of Trop Frutas do Brasil Ltda.		(869,876	)		-
Other increase (decrease) in investments in associates*		(4,074,541	)		4,157,571
Ending balance		87,371,919			91,799,267

*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.

14.3 Reconciliation of share of profit in investments in associates:

Description	09.30.2024			09.30.2023
	ThCh$			ThCh$
Share in operating income		2,405,095			285,002
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)		(439,702	)		(431,570	)
Amortization of goodwill on sale of fixed assets Envases CMF S.A.		(105,260	)		141,267
Income statement balance		1,860,133			(5,301	)

14.4 Summary financial information of associates:

The tables below reflect the amounts presented in the financial statements of the relevant associates and not the Company’s share of those amounts.

At September 30, 2024

	Envases CMF S.A.	Sorocaba Refrescos S.A.		Kaik Participações Ltda.	SRSA Participações Ltda.		Leão Alimentos e Bebidas Ltda.		Coca-Cola del Valle New Ventures S.A.
	ThCh$	ThCh$		ThCh$	ThCh$		ThCh$		ThCh$
Short term assets	62.105.661	72.067.008		596.760	22.477		86.045.079		22.120.161
Long term assets	53.624.479	99.304.763		4.013.495	314.791		43.303.576		74.227.554
Total assets	115.730.140	171.371.771		4.610.255	337.268		129.348.655		96.347.715
Short term liabilities	46.154.633	22.015.274		596.760	202.762		19.748.581		15.126.324
Long term liabilities	27.890.804	85.189.272		-	-		17.231.085		-
Total liabilities	74.045.437	107.204.546		596.760	202.762		36.979.666		15.126.324
Total Equity	41.684.703	64.167.225		4.013.495	134.506		92.368.989		81.221.390
Total revenue from ordinary activities	64.122.610	88.425.574		243.498	-		58.469.468		20.830.240
Net income before taxes	2.115.903	(26.947.071	)	243.498	(1.446	)	(612.935	)	-1.549.245
Net income after taxes	1.534.903	6.612.274		243.498	(1.446	)	(2.009.375	)	(577.186	)
Other comprehensive income	-	158.492		-	132.657		(94.520.400	)	-
Total comprehensive income	1.534.903	6.770.767		243.498	131.211		(96.529.774	)	(577.186	)

Reporting date (See Note 2.3)	30.09.2024	31.08.2024		31.08.2024	31.08.2024		31.08.2024		31.08.2024

At December 31, 2023

	Envases CMF S.A.	Sorocaba Refrescos S.A.		Kaik Participações Ltda.	SRSA Participações Ltda.	Leão Alimentos e Bebidas Ltda.		Trop Frutas do Brasil Ltda.		Coca-Cola del Valle New Ventures  S.A.
	ThCh$	ThCh$		ThCh$	ThCh$	ThCh$		ThCh$		ThCh$
Short term assets	50,693,046	39,392,459		-	24,715	92,747,488		21,186,620		24,548,167
Long term assets	54,127,400	101,420,184		13,704,046	347,922	62,843,154		28,404,343		70,825,265
Total assets	104,820,446	140,812,643		13,704,046	372,637	155,590,642		49,590,963		95,373,432
Short term liabilities	35,045,849	22,951,428		-	222,950	22,924,938		14,104,874		13,188,225
Long term liabilities	27,722,647	46,453,440		34	-	16,678,828		13,212,410		-
Total liabilities	62,768,496	69,404,868		34	222,950	39,603,766		27,317,284		13,188,225
Total Equity	42,051,950	71,407,775		13,704,012	149,687	115,986,876		22,273,679		82,185,207
Total revenue from ordinary activities	92,308,940	-		983,452	146,063	84,624,940		55,434,136		29,385,365
Net income before taxes	5,923,727	58,931,149		983,452	146,063	5,657,251		(2,548,671	)	(7,822,534	)
Net income after taxes	4,755,373	(1,206,475	)	-	146,063	2,529,341		(2,349,151	)	(5,101,497	)
Other comprehensive income	29,516	9,690,233		-	-	(93,593,890	)	(58,242	)	-
Total comprehensive income	4,784,889	8,483,758		983,452	146,063	(91,064,549	)	(2,407,393	)	(5,101,497	)

Reporting date (See Note 2.3)	12.31.2023	11.30.2023		11.30.2023	11.302023	11.30.2023		11.30.2023		11.30.2023

15 – INTANGIBLE ASSETS OTHER THAN GOODWILL

Intangible assets other than goodwill are detailed as follows:

	September 30, 2024							December 31, 2023
			Accumulated							Accumulated
Description	Gross Value		Amortization / Impairment			Net Value		Gross Value		Amortization / Impairment			Net Value
	ThCh$		ThCh$			ThCh$		ThCh$		ThCh$			ThCh$
Distribution rights (1)		644,970,483		(3,078,000	)		641,892,483		667,955,100		(3,078,000	)		664,877,100
Software		63,777,145		(35,754,941	)		28,022,204		63,828,408		(40,121,558	)		23,706,850
Water rights		587,432		-			587,432		587,432		-			587,432
Trademarks indefinite useful life (2)		5,766,928		-			5,766,928		6,341,107		-			6,341,107
Trademarks definite useful life (3)		1,297,378		(1,032,195	)		265,183		1,297,378		(891,277	)		406,101
Others		510,182		(502,207	)		7,975		560,183		(552,208	)		7,975
Total		716,909,548		(40,367,343	)		676,542,205		740,569,608		(44,643,043	)		695,926,565

(1)

Correspond to brands, water rights and distribution rights. Distribution rights are contractual rights to produce and distribute Coca-Cola products in certain parts of Argentina, Brazil, Chile and Paraguay. Distribution rights result from the valuation process at fair value of the assets and liabilities of the companies acquired in business combinations. Production and distribution contracts are renewable for periods of 5 years with Coca-Cola. The nature of the business and renewals that Coca-Cola has permanently done on these rights, allow qualifying 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 September 21, 2021 Coca-Cola Andina together with Coca-Cola Femsa, acquired the Brazilian beer brand Therezópolis for BRL 70 million. Each bottler bought 50% of the brand. This transaction is part of the company’s long-term strategy to complement its beer portfolio in Brazil. The transaction was completed and approved by CADE (Brazilian Administrative Council of Economic Defense). In September of that same year, Andina recorded an intangible asset under the Therezópolis brand for BRL 35 million with an indefinite useful life.

(3)

Correspond to distribution rights that did not arise from business combinations. These rights are subject to amortization.

Distribution rights	09.30.2024		12.31.2023
	ThCh$		ThCh$
Chile (excluding Metropolitan Region, Rancagua and San Antonio)		301,187,149		301,187,149
Brazil (Rio de Janeiro, Espirito Santo, Riberão Preto and the investments in Sorocaba and Leão Alimentos y Bebidas Ltda.)		166,417,063		182,986,222
Paraguay		170,460,263		178,475,561
Argentina (North and South)		3,828,008		2,228,168
Total		641,892,483		664,877,100

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

	September 30, 2024
Description	Distribution rights		Software		Water rights	Trademarks indefinite useful life		Trademarks definite useful life		Others	Total
	ThCh$		ThCh$		ThCh$	ThCh$		ThCh$		ThCh$	ThCh$
Opening balance	664,877,100		23,706,850		587,432	6,341,107		406,101		7,975	695,926,565
Additions	-		7,627,467		-	-		-		-	7,627,467
Amortization /Impairment	-		(4,945,422	)	-	-		(140,918	)	-	(5,086,340	)
Other increases (decreases) (1)	(22,984,617	)	1,633,309		-	(574,179	)	-		-	(21,925,487	)
Ending balance	641,892,483		28,022,204		587,432	5,766,928		265,182		7,975	676,542,205

	December 31, 2023
Description	Distribution rights		Software		Water rights	Trademarks indefinite useful life	Trademarks definite useful life		Others	Total
	ThCh$		ThCh$		ThCh$	ThCh$	ThCh$		ThCh$	ThCh$
Opening balance	644,233,416		20,763,351		439,102	5,741,054	593,990		7,975	671,778,888
Additions	-		8,984,225		148,330	-	-		-	9,132,555
Amortization	-		(4,857,341	)	-	-	(187,889	)	-	(5,045,230	)
Impairment (2)	(1,627,000	)	-		-	-	-		-	(1,627,000	)
Other increases (decreases) (1)	22,270,684		(1,183,385	)	-	600,053	-		-	21,687,352
Ending balance	664,877,100		23,706,850		587,432	6,341,107	406,101		7,975	695,926,565

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

16 – GOODWILL

Movement in Goodwill is detailed as follows:

Cash Generating Unit	01.01.2024	Foreign currency translation differences		09.30.2024
	ThCh$	ThCh$		ThCh$
Chilean operation	8,503,023	-		8,503,023
Brazilian operation	73,831,515	(6,592,919	)	67,238,596
Argentine operation	32,193,085	23,125,310		55,318,395
Paraguayan operation	7,576,179	(340,244	)	7,235,935
Total	122,103,802	16,192,148		138,295,949

Cash Generating Unit	01.01.2023	Foreign currency translation differences		12.31.2023
	ThCh$	ThCh$		ThCh$
Chilean operation	8,503,023	-		8,503,023
Brazilian operation	66,941,508	6,890,007		73,831,515
Argentine operation	46,254,831	(14,061,746	)	32,193,085
Paraguayan operation	7,324,560	251,619		7,576,179
Total	129,023,922	(6,920,120	)	122,103,802

17 – OTHER CURRENT AND NON-CURRENT FINANCIAL LIABILITIES

Liabilities are detailed as follows:

	Balance
	Current		Non-current
	09.30.2024	12.31.2023	09.30.2024	12.31.2023
	ThCh$	ThCh$	ThCh$	ThCh$
Bank loans (Note 17.1.1 - 3)	43,589,037	1,500,909	9,553,118	13,403,691
Bonds payable, net ⁽¹⁾ (Note 17.2)	20,706,962	27,479,415	967,958,653	953,660,440
Bottle guaranty deposits	12,350,764	12,632,184	-	-
Derivative contract liabilities (Note 17.3)	1,220,800	1,458,210	52,585,474	52,449,925
Lease liabilities (Note 17.4.1 - 2)	9,905,639	9,926,283	20,773,927	24,811,777
Total	87,773,202	52,997,001	1,050,871,171	1,044,325,833

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

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

	Book value		Fair value		Book value		Fair value
Current	09.30.2024		09.30.2024		12.31.2023		12.31.2023
	ThCh$		ThCh$		ThCh$		ThCh$
Cash and cash equivalent (2)		210,685,267		210,685,267		303,683,683		303,683,683
Financial assets at fair value (1)		849,300		849,300		842,906		842,906
Trade debtors and other accounts receivable (2)		251,802,033		251,802,033		298,892,164		298,892,164
Accounts receivable related companies (2)		9,910,383		9,910,383		16,161,318		16,161,318
Bank liabilities (2)		43,589,037		42,327,666		1,500,909		1,465,732
Bonds payable (2)		20,706,962		21,052,325		27,479,415		26,931,768
Bottle guaranty deposits (2)		12,350,764		12,350,764		12,632,186		12,632,186
Forward contracts liabilities (see Note 22) (1)		1,220,800		1,220,800		1,458,210		1,458,210
Leasing agreements (2)		9,905,639		9,905,639		9,926,283		9,926,283
Accounts payable (2)		375,290,935		375,290,935		428,911,984		428,911,984
Accounts payable related companies (2)		88,609,505		88,609,505		96,045,624		96,045,624

Non-current	Book value 09.30.2024		Fair value 09.30.2024		Book value 12.31.2023		Fair value 12.31.2023
	ThCh$		ThCh$		ThCh$		ThCh$
Financial assets at fair value (1)		125,890,698		125,890,698		78,988,715		78,988,715
Non-current accounts receivable (2)		156,884		156,884		371,401		371,401
Accounts receivable related companies (2)		352,808		352,808		108,021		108,021
Bank liabilities (2)		9,553,118		8,985,035		13,403,691		13,403,691
Bonds payable (2)		967,958,653		941,984,041		953,660,440		894,107,588
Leasing agreements (2)		20,773,927		20,773,927		24,811,777		24,811,777
Non-current accounts payable (2)		2,731,566		2,731,566		2,392,555		2,392,555
Derivative contracts liabilities (see Note 22) (1)		52,585,474		52,585,474		52,449,925		52,449,925
Accounts payable related companies (2)		1,120,979		1,120,979		6,007,041		6,007,041

(1)

Fair values are based on discounted cash flows using market discount rates at the close of the six-month and one-year period and are classified as Level 2 of the fair value measurement hierarchies.

(2)

Financial instruments such as: Cash and Cash Equivalents, Trade debtors and Other Accounts Receivable, Accounts Receivable related companies, Bottle Guarantee Deposits Trade Accounts Payable, and Other Accounts Payable related companies present a fair value that approximates their carrying value, considering the nature and term of the obligation. The business model is to maintain the financial instrument in order to collect/pay contractual cash flows, in accordance with the terms of the contract, where cash flows are received/cancelled on specific dates that exclusively constitute payments of principal plus interest on that principal. These instruments are revalued at amortized cost.

17.1 Bank liabilities

17.1.1 Bank liabilities, current

										Maturity		Total
Indebted Entity			Creditor Entity				Type of	Nominal		Up to	90 days to	At	At
Taxpayer ID	Name	Country	Taxpayer ID	Name	Country	Currency	Amortization	Rate		90 days	1 year	09.30.2024	12.31.2023
										M$	M$	M$	M$
91.144.000-8	Embotelladora Andina S.A.	Chile	97.023.000-9	Itaú Corpbanca	Chile	UF	At maturity	0.18	%	-	-	-	657,036
91.144.000-8	Embotelladora Andina S.A.	Chile	97.023.000-9	Itaú Corpbanca	Chile	UF	At maturity	0.18	%	-	589,513	589,513	535,951
91.144.000-8	Embotelladora Andina S.A.	Chile	97.023.000-9	Itaú Corpbanca	Chile	USD	At maturity	0.18	%	-	31,420	31,420	30,700
96.705.990-0	Envases Central S.A.	Chile	97.006.000-6	Banco Estado	Chile	CLP	Semiannually	2.00	%	-	-		34,460
96.705.990-0	Envases Central S.A.	Chile	97.006.000-6	Banco Estado	Chile	CLP	Semiannually	7.85	%	4,049,956	-	4,049,956	-
77.427.659-9	Re-Ciclar S.A.	Chile	97.018.000-1	Scotiabank Chile S.A.	Chile	CLP	Semiannually	9.49	%	-	74,731	74,731	186,233
77.427.659-9	Re-Ciclar S.A.	Chile	97.018.000-1	Scotiabank Chile S.A.	Chile	UF	Semiannually	3.32	%	-	16,310	16,310	56,529
77.427.659-9	Re-Ciclar S.A.	Chile	97.018.000-1	Scotiabank Chile S.A.	Chile	UF	At maturity	6.42	%	-	5,252,247	5,252,247	-
77.427.659-9	Re-Ciclar S.A.	Chile	97.018.000-1	Scotiabank Chile S.A.	Chile	UF	At maturity	6.67	%	-	1,009,077	1,009,077	-
77.427.659-9	Re-Ciclar S.A.	Chile	97.018.000-1	Scotiabank Chile S.A.	Chile	UF	At maturity	6.64	%	-	1,501,111	1,501,111	-
Foreign	Embotelladora del Atlántico S.A.	Argentina	Foreign	Banco Galicia S.A.	Argentina	USD	At maturity	15.00	%	-	138,225	138,225	-
Foreign	Embotelladora del Atlántico S.A.	Argentina	Foreign	Banco Galicia S.A.	Argentina	USD	At maturity	16.00	%	-	257,040	257,040	-
Foreign	Embotelladora del Atlántico S.A.	Argentina	Foreign	Banco Nación S.A.	Argentina	ARS	At maturity	36.00	%	-	24,233,964	24,233,964	-
Foreign	Embotelladora del Atlántico S.A.	Argentina	Foreign	Banco Galicia S.A.	Argentina	ARS	At maturity	49.00	%	132,420	-	132,420	-
Foreign	Embotelladora del Atlántico S.A.	Argentina	Foreign	Banco Patagonia S.A.	Argentina	ARS	At maturity	48.00	%	3,490,220	-	3,490,220	-
Foreign	Embotelladora del Atlántico S.A.	Argentina	Foreign	Banco Comafi S.A.	Argentina	ARS	At maturity	47.00	%	30,755	-	30,755	-
Foreign	Andina Empaques Argentina S.A.	Argentina	Foreign	Banco Galicia SA	Argentina	USD	At maturity	18.00	%	-	141,165	141,165	-
Foreign	Andina Empaques Argentina S.A.	Argentina	Foreign	Banco Galicia SA	Argentina	ARS	At maturity	49.00	%	2,640,883	-	2,640,883
											Total	43,589,037	1,500,909

17.1.2 Bank liabilities, non-current

Maturity

Indebted entity

Creditor entity

Type of

Nominal

1 year up to

More than 2

More than 3

More than 4

More than 5

Taxpayer ID

Name

Country

Taxpayer ID

Name

Country

Currency

Amortization

Rate

2 years

Up to 3 years

Up to 4 years

Up to 5 years

years

09.30.2024

ThCh$

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

77.427.659-9

Re-Ciclar S.A.

5.053.118

97.018.000-1

Scotiabank Chile S.A.

Chile

Semiannually

3.32

5,053,118

Total

9.553.118

17.1.3 Bank liabilities, non-current previous year

Maturity

Indebted entity

Creditor entity

Type of

Nominal

1 year up to

More than 2

More than 3

More than 4

More than 5

Taxpayer ID

Name

Country

Taxpayer ID

Name

Country

Currency

Amortization

Rate

2 years

Up to 3 years

Up to 4 years

Up to 5 years

years

12.31.2023

ThCh$

96.705.990-0

Envases Central S.A.

Chile

97.006.000-6

Banco Estado

Chile

CLP

Semiannually

2.00

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

77.427.659-9

Re-Ciclar S.A.

Chile

97.018.000-1

Scotiabank Chile S.A.

Chile

Semiannually

3.32

4,903,691

Total

13,403,691

17.1.4 Current and non-current bank obligations “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	09.30.2024		12.31.2023		09.30.2024		12.31.2023		09.30.2024		12.31.2023
	ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Bonds face value¹		21,421,445		28,170,013		975,622,714		961,723,115		997,044,159		989,893,128

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 nominal						Current		Non-current
Bonds	Series	amount	Adjustment unit	Interest rate		Final maturity	Interest payment	09.30.2024	12.31.2023	09.30.2024	12.31.2023
								ThCh$	ThCh$	ThCh$	ThCh$
CMF Registration 254 06.13.2001	B	666,265	UF	6.5	%	12.01.2026	Semiannually	12,765,871	11,660,222	13,026,718	18,669,905
CMF Registration 641 08.23.2010	C	954,545	UF	4.0	%	08.15.2031	Semiannually	5,348,766	5,612,839	31,017,616	35,117,116
CMF Registration 760 08.20.2013	D	4,000,000	UF	3.8	%	08.16.2034	Semiannually	697,730	2,062,069	151,641,680	147,157,440
CMF Registration 760 04.02.2014	E	3,000,000	UF	3.75	%	03.01.2035	Semiannually	352,097	1,366,861	113,731,305	110,368,102
CMF Registration 912 10.10.2018	F	5,700,000	UF	2.83	%	09.25.2039	Semiannually	81,637	1,536,949	216,089,395	209,699,352
U.S. Bonds 2050 01.01.2020	-	300,000,000	USD	3.95	%	01.21.2050	Semiannually	2,038,856	4,590,627	269,304,000	263,136,000
Swiss Bond 2023 09.20.2023	-	170,000,000	CHF	2.7175	%	09.20.2028	Annual	136,488	1,340,446	180,812,000	177,575,200
							Total	21,421,445	28,170,013	975,622,714	961,723,115

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

17.2.2 Non-current maturities

		Year of maturity				Total Non-current
	Serie	More than 1 up to 2	More than 2 up to 3	More than 3 up to 4	More than 5	09.30.2024
		ThCh$	ThCh$	ThCh$	ThCh$	ThCh$
CMF Registration 254 06.13.2001	B	13,026,718	-	-	-	13,026,718
CMF Registration 641 08.23.2010	C	5,169,603	5,169,603	5,169,603	15,508,807	31,017,616
CMF Registration 760 08.20.2013	D	-	-	-	151,641,680	151,641,680
CMF Registration 760 04.02.2014	E	-	-	-	113,731,305	113,731,305
CMF Registration 912 10.10.2018	F	-	-	-	216,089,395	216,089,395
U.S. Bonds 2050 01.21.2020	-	-	-	-	269,304,000	269,304,000
Swiss Bond 2023 09.20.2023	-	-	-	-	180,812,000	180,812,000
Total		18,196,321	5,169,603	5,169,603	947,087,187	975,622,714

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 Global Ratings

BBB+ : Fitch Ratings Inc.

17.2.4 Restrictions

17.2.4.1 Restrictions regarding bonds placed abroad.

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

17.2.4.2 Restrictions regarding bonds placed in the local market.

The following financial information was used for calculating restrictions:

		09.30.2024
		ThCh$
Average net financial debt last 4 quarters		694,658,234
Net financial debt		717,359,878
Unencumbered assets		2,866,708,359
Total unsecured liabilities		1,889,648,777
EBITDA LTM		526,120,060
Net financial expenses LTM		40,731,834

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

Maintain an Indebtedness Level not greater than three point five times the EBITDA. For these purposes, “Indebtedness Level” will be considered as the ratio between /a/ the average over the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated EBITDA in the period of twelve consecutive months ending at the closing of the latest “Consolidated 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);

“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 1.32 times.

Maintain, and in no manner lose, sell, assign or transfer to a third party, the geographical area currently denominated as the “Metropolitan Region” (Región Metropolitana) as a territory in Chile in which we have been authorized by The Coca-Cola Company for the development, production, sale and distribution of products and brands of the licensor, in accordance to the respective bottler or license agreement, renewable from time to time.

Not lose, sell, assign, or transfer to a third party any other territory of Argentina or Brazil, which as of this date is franchised by TCCC to the Company for the development, production, sale and distribution of products and brands of such licensor, as long as any of these territories account for more than 40% of the Issuer’s Adjusted Consolidated Operating Cash Flow.

Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least 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 1.52 times.

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

“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);

As of the date of these financial statements, this ratio was 1.32 times.

Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least 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 1.52 times.

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

As of the date of these financial statements, Net Financial Coverage was 12.92 times.

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

As of the date of these financial statements, this ratio was 1.32 times.

Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least 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 1.52 times.

Maintain, and in no manner, lose, sell, assign or transfer to a third party, the geographical area currently denominated as the “Metropolitan Region” as a territory franchised to the Issuer in Chile by The Coca-Cola Company, hereinafter also referred to as "TCCC" or the "Licensor" for the development, production, sale and distribution of products and brands of said licensor, in accordance to the respective bottler or license agreement, renewable from time to time. Losing said territory means the non-renewal, early termination or cancellation of this license agreement by TCCC, for the geographical area today called "Metropolitan Region". This reason shall not apply if, as a result of the loss, sale, transfer or disposition, of that licensed territory is purchased or acquired by a subsidiary or an entity that consolidates in terms of accounting with the Issuer.

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

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

Maintain an Indebtedness Level not greater than three point five times the EBITDA. For these purposes, "Indebtedness Level" will be considered as the ratio between /a/ the average over the last four Quarters of the Consolidated Net Financial Liabilities, and /b/ the accumulated EBITDA in the period of twelve consecutive months ending at the closing of the latest "Consolidated 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 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 1.32 times.

Maintain consolidated assets free of any pledge, mortgage or other encumbrances for an amount at least 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 1.52 times.

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

17.4 Liabilities for leasing agreements

17.4.1 Current liabilities for leasing agreements

									Maturity		Total
Indebted Entity		Creditor Entity				Type of	Nominal		Up to	90 days and	At	At
Name	Country	Tax ID	Name	Country	Currency	Amortization	Rate		90 days	Up to 1 year	09.30.2024	12.31.2023
									ThCh$	ThCh$	ThCh$	ThCh$
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Cogeração - Light ESCO	Brazil	BRL	Monthly	13.00	%	317,522	1,012,907	1,330,429	1,334,761
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Tetra Pack	Brazil	BRL	Monthly	7.65	%	106,263	343,005	449,268	518,253
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Real estate	Brazil	BRL	Monthly	8.18	%	299,736	883,956	1,183,692	541,111
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Leão	Brazil	BRL	Monthly	11.25	%	66,647	184,997	251,644	323,011
Embotelladora del Atlántico S.A.	Argentina	Foreign	Tetra Pak SRL	Argentina	USD	Monthly	12.00	%	135,596	406,789	542,385	354,873
Embotelladora del Atlántico S.A.	Argentina	Foreign	Real Estate	Argentina	ARS	Monthly	50.00	%	268,897	3,117	272,015	805,124
Embotelladora del Atlántico S.A.	Argentina	Foreign	Systems	Argentina	USD	Monthly	12.00	%	19,098	41,602	60,700	76,769
Embotelladora del Atlántico S.A.	Argentina	Foreign	Real Estate	Argentina	ARS	Monthly	12.00	%	121,587	300,243	421,830	254,035
Vital Jugos S.A.	Chile	76.080.198-4	De Lage Landen Chile S.A	Chile	USD	Monthly	4.08	%	157,865	168,804	326,669	626,747
Vital Jugos S.A.	Chile	77.951.700-4	Sig Combibloc Chile SPA.	Chile	EUR	Monthly	9.22	%	35,830	112,563	148,393	123,697
Vital Aguas S.A.	Chile	76.572.588-7	Coca Cola del Valle New Ventures S.A	Chile	UF	Monthly	11.40	%	210,599	0	210,599	998,501
Envases Central S.A.	Chile	76.572.588-7	Coca Cola del Valle New Ventures S.A	Chile	UF	Monthly	9.22	%	658,815	674,118	1,332,933	603,428
Transportes Polar S.A.	Chile	76.413.243-2	Cons. Inmob. e Inversiones Limitada	Chile	UF	Monthly	2.89	%	33,389	57,021	90,410	350,874
Transportes Polar S.A.	Chile	93.075.000-k	Importadora Técnica Vignola SAIC	Chile	UF	Monthly	3.67	%	21,595	65,986	87,582	1,006,025
Transportes Polar S.A.	Chile	76.536.499-K	Jungheinrich Rentalift SPA	Chile	UF	Monthly	4.11	%	87,976	261,172	349,148	763,257
Transporte Andina Refrescos Ltda	Chile	85.275.700-0	Arrendamiento de maquinarias SPA	Chile	UF	Monthly	5.39	%	92,226	62,178	154,404	198,555
Transporte Andina Refrescos Ltda	Chile	76.536.499-K	Jungheinrich Rentalift SPA 21	Chile	UF	Monthly	2.88	%	261,972	797,316	1,059,291	518,261
Transporte Andina Refrescos Ltda	Chile	76.536.499-K	Jungheinrich Rentalift SPA 23	Chile	UF	Monthly	4.11	%	197,575	611,432	809,007	128,214
Transporte Andina Refrescos Ltda	Chile	77.526.480-2	Comercializadora Novaverde Ltda.	Chile	UF	Monthly	3.87	%	121,649	205,379	327,028	325,105
Red de Transportes Comerciales Ltda.	Chile	76.276.604-3	Inmobiliaria Ilog Avanza Park San Bernardo	Chile	UF	Monthly	2.48	%	134,756	363,456	498,212	518,261
										Total	9,905,639	9,926,283

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.

17.4.2 Non-current liabilities for leasing agreements

							Maturity
Indebted Entity		Creditor Entity				Type of	Nominal			1 year up to		2 years up to		3 years up to		4 years up to		More than		At
Name	Country	Taxpayer ID	Name	Country	Currency	Amortization	Rate			2 years		3 years		4 years		5 years		5 years		09.30.2024
										ThCh$		ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Cogeração - Light ESCO	Brazil	BRL	Monthly		13.00	%		1,503,384		1,698,824		1,919,672		1,051,485		-		6,173,365
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Tetra Pack\|	Brazil	BRL	Monthly		7.65	%		513,369		585,106		666,894		760,148		805,305		3,330,822
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Real Estate	Brazil	BRL	Monthly		8.18	%		931,753		329,269		87,638		-		-		1,348,660
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Leao Alimentos e Bebidas Ltda.	Brazil	BRL	Monthly		11.25	%		83,228		27,437		6,750		-		-		117,415
Embotelladora del Atlántico S.A.	Argentina	Foreign	Tetra Pak SRL	Argentina	USD	Monthly		12.00	%		542,386		542,386		542,386		542,386		284,557		2,454,101
Embotelladora del Atlántico S.A.	Argentina	Foreign	Real Estate	Argentina	ARS	Monthly		50.00	%		-		-		-		-		-		0
Embotelladora del Atlántico S.A.	Argentina	Foreign	Systems	Argentina	USD	Monthly		12.00	%		5,795		-		-		-		-		5,795
Embotelladora del Atlántico S.A.	Argentina	Foreign	Real Estate	Argentina	USD	Monthly		12.00	%		370,730		316,563		252,881		252,881		842,938		2,035,993
Vital Jugos S.A	Chile	77.951.198-4	Sig Combibloc Chile SPA.	Chile	EUR	Monthly		9.2	%		162,668		195,470		195,470		214,273		276,174		1,026,901
Transportes Polar S.A.	Chile	93.075.000-k	Importadora Técnica Vignola SAIC	Chile	UF	Monthly		3.67	%		51,585		-		-		-		-		51,585
Transportes Polar S.A.	Chile	76.413.243-2	Jungheinrich Rentalift SPA 23	Chile	UF	Monthly		4.11	%		372,349		404,194		404,194		77,224		-		1,241,713
Transporte Andina Refrescos Ltda	Chile	78.861.790-9	Arrendamiento de maquinarias SPA	Chile	UF	Monthly		5.39	%		-		-		-		-		-		0
Transporte Andina Refrescos Ltda.	Chile	76.536.499-k	Jungheinrich Rentalift SPA 21	Chile	UF	Monthly		2.88	%		179,530		-		-		-		-		179,530
Transporte Andina Refrescos Ltda	Chile	76.536.499-k	Jungheinrich Rentalift SPA 23	Chile	UF	Monthly		4.11	%		845,068		880,462		917,338		165,179		-		2,808,047
																			Total		20,773,927

17.4.3 Non-current liabilities for leasing agreements (previous year)

							Maturity
Indebted entity		Creditor entity				Amortization	Nominal			1 year up to		2 years up to		3 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 de Janeiro Refrescos Ltda.	Brazil	Foreign	Cogeração - 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 de Janeiro Refrescos Ltda.	Brazil	Foreign	Tetra Pack	Brazil	BRL	Monthly		7.39	%		572,983		633,670		700,981		775,654		1,514,109		4,197,397
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Real Estate	Brazil	BRL	Monthly		8.10	%		351,697		316,738		166,992		-		-		835,427
Rio de Janeiro Refrescos Ltda.	Brazil	Foreign	Leão Alimentos e Bebidas Ltda.	Brazil	BRL	Monthly		3.50	%		298,867		34,834		32,714		-		-		366,415
Embotelladora del Atlántico S.A.	Argentina	Foreign	Tetra Pak SRL	Argentina	USD	Monthly		12.00	%		473,164		236,582		473,164		236,582		325,300		1,744,792
Embotelladora del Atlántico S.A.	Argentina	Foreign	Real Estate	Argentina	ARS	Monthly		50.00	%		3,505		1,752		-		-		-		5,257
Embotelladora del Atlántico S.A.	Argentina	Foreign	Real Estate	Argentina	USD	Monthly		12.00	%		391,171		195,586		329,479		164,740		1,009,031		2,090,007
Embotelladora del Atlántico S.A.	Argentina	Foreign	Systems	Argentina	USD	Monthly		12.00	%		30,877		15,438		-		-		-		46,315
Vital Jugos S.A.	Chile	Foreign	De Lage Landen Chile S.A	Chile	USD	Monthly		5.49	%		166,326		-		-		-		-		166,326
Vital Jugos S.A.	Chile	77.951.198-4	Sig Combibloc Chile SPA.	Chile	EUR	Monthly		39.22	%		215,369		107,685		238,039		119,019		446,054		1,126,166
Transportes Andina Refrescos Ltda.	Chile	85.275.700-0	Arrendamiento De Maquinaria SPA	Chile	UF	Monthly		0.45	%		40,226		20,113		-		-		-		60,339
Transportes Andina Refrescos Ltda.	Chile	76.536.499-k	Jungheinrich Rentalift SPA	Chile	UF	Monthly		0.24	%		631,973		315,986		-		-		-		947,959
Transportes Andina Refrescos Ltda.	Chile	76.536.499-k	Jungheinrich Rentalift SPA	Chile	UF	Monthly		0.34	%		1,082,507		541,253		1,124,173		562,086		-		3,310,018
Red de Transportes Comerciales Ltda.	Chile	76.930.501-7	Inmobiliaria Ilog Avanza Park	Chile	UF	Monthly		2.48	%		235,140		117,570		-		-		-		352,709
Transportes Polar S.A.	Chile	76.413.243-2	Cons. Inmob. e Inversiones Limitada	Chile	UF	Monthly		2.89	%		51,013		25,506		-		-		-		76,519
Transportes Polar S.A.	Chile	76.536.499-K	Jungheinrich Rentalift SPA	Chile	UF	Monthly		4.11	%		484,434		242,217		495,328		247,664		-		1,469,643
Transportes Polar S.A.	Chile	93.075.000-k	Importadora 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.

18 – TRADE AND OTHER ACCOUNTS PAYABLE

Trade and other accounts payable are detailed as follows:

Classification	09.30.2024		12.31.2023
	ThCh$		ThCh$
Current		375,290,935		428,911,984
Non-current		2,731,566		2,392,555
Total		378,022,501		431,304,539

Item	09.30.2024		12.31.2023
	ThCh$		ThCh$
Trade accounts payable		265,946,694		296,701,188
Withholding tax		61,069,935		74,435,775
Others (1)		51,005,872		60,167,576	⁽¹⁾
Total		378,022,501		431,304,539

(1)

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

19 – OTHER PROVISIONS, CURRENT AND NON-CURRENT

19.1

Balances

The composition of provisions is as follows:

Description	09.30.2024		12.31.2023
	ThCh$		ThCh$
Litigation (1)		55,657,779		54,801,896
Total		55,657,779		54,801,896

Current		1,527,636		1,314,106
Non-current		54,130,143		53,487,790
Total		55,657,779		54,801,896

(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)	09.30.2024		12.31.2023
	ThCh$		ThCh$
Tax contingencies		30,539,719		29,637,064
Labor contingencies		13,668,561		13,200,665
Civil contingencies		11,449,499		11,964,167
Total		55,657,779		54,801,896

19.2

Movements

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

Description	09.30.2024			12.31.2023
	ThCh$			ThCh$
Opening balance at January 1^st		54,801,896			48,695,427
Additional provisions		128,693			-
Increase (decrease) in existing provisions		11,177,339			6,635,882
Used provision (payments made charged to the provision)		(5,515,477	)		(4,139,270	)
Reversal of unused provision		(17,716	)		-
Increase (decrease) due to foreign exchange rate differences		(4,916,956	)		3,609,857
Total		55,657,779			54,801,896

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	09.30.2024		12.31.2023			09.30.2024		12.31.2023
	ThCh$		ThCh$			ThCh$		ThCh$
Dividends payable		32,093,051		32,081,207			-		-
Other		8,817,043		10,291,953	⁽¹⁾		5,566,739		2,506,795
Total		40,910,094		42,373,160			5,566,739		2,506,795

(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 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		135,379,504		135,379,504
B		135,358,070		135,358,070
Total		270,737,574		270,737,574

21.1.2

Rights of each series:

Series A: Elect 12 of the 14 Directors.

Series B: Receive an additional 10% of dividends distributed to Series A and elects 2 of the 14 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
12.28.2023	01.25.2024	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

21.3

Other reserves

The balance of other reserves includes the following:

Concept	09.30.2024			09.30.2023
	ThCh$			ThCh$
Polar acquisition		421,701,520			421,701,520
Foreign currency translation reserves		(623,421,066	)		(543,031,852	)
Cash flow hedge reserve		(8,858,752	)		(19,015,764	)
Reserve for employee benefit actuarial gains or losses		(7,088,376	)		(8,334,781	)
Legal and statutory reserves		5,435,538			5,435,538
Other		6,014,568			6,014,569
Total		(206,216,568	)		(137,230,770	)

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.

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	09.30.2024			09.30.2023
	ThCh$			ThCh$
Brazil		(140,123,819	)		(110,411,979	)
Argentina		(487,024,361	)		(451,973,994	)
Paraguay		3,727,114			19,354,121
Total		(623,421,066	)		(543,031,852	)

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

Description	09.30.2024			09.30.2023
	ThCh$			ThCh$
Brazil		(33,981,831	)		30,350,418
Argentina		(22,077,578	)		(90,985,145	)
Paraguay		(10,528,758	)		13,086,241
Total		(66,588,167	)		(47,548,486	)

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
					September		September		September			September
Description	2024		2023		2024		2023		2024			2023
					ThCh$		ThCh$		ThCh$			ThCh$
Embotelladora del Atlántico S.A.		0.0171		0.0171		44,525		36,599		4,269			6,714
Andina Empaques Argentina S.A.		0.0209		0.0209		4,629		4,141		(79	)		(503	)
Paraguay Refrescos S.A.		2.1697		2.1697		5,686,642		6,157,969		914,539			645,836
Vital S.A.		35.0000		35.0000		9,932,149		9,157,065		246,316			41,300
Vital Aguas S.A.		33.5000		33.5000		2,526,385		2,366,192		93,241			93,441
Envases Central S.A.		40.7300		40.7300		7,844,298		7,193,971		125,593			254,501
Re-Ciclar S.A		40.0000		40.0000		8,601,297		8,671,522		(244,254	)		362,245
Total						34,639,925		33,587,459		1,139,625			1,403,534

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	09.30.2024
	SERIES A		SERIES B		TOTAL
Earnings attributable to shareholders (CLP 000’s)		63,328,046		69,659,726		132,987,772
Weighted average number of shares		473,289,301		473,281,303		946,570,604
Earnings per basic and diluted share (CLP)		133.80		147.18		140.49

Earnings per share	09.30.2023
	SERIES A		SERIES B		TOTAL
Earnings attributable to shareholders (CLP 000’s)		53,405,197		58,744,769		112,149,966
Weighted average number of shares		473,289,301		473,281,303		946,570,604
Earnings per basic and diluted share (CLP)		112.84		124.12		118.48

22 – DERIVATIVE ASSETS 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 local Bonds (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 8,620,808 (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$ 84,688,439 (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 international Bonds (U.S.A. and Switzerland)

At the closing date of these financial statements, the Company has derivative contracts to secure obligations with the public issued in U.S. dollars for USD 300 million, to convert these obligations into Chilean pesos indexed by the Consumer Price Index (UF) maturing in 2050. Additionally, there are derivative contracts to secure obligations with the public issued in Swiss francs for an amount of CHF 170 million to convert this obligation into Brazilian reais maturing in 2028.

The valuation of the first contract at fair value results in a non-current liability of ThCh$ 52,585,474, as of the closing date of the financial statements (non-current liability of ThCh$ 52,449,925 as of December 31, 2023), while the valuation of the second contract at fair value results in a non-current asset of ThCh$ 41,202,259 (non-current asset of ThCh$ 7,935,525, as of December 31, 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 2024 period and 2023 fiscal year, Embotelladora Andina entered into forward contracts to ensure the exchange rate on future commodity purchasing needs for its 4 operations, i.e., closing forward instruments in USD/ARS, USD/BRL, USD/CLP, EUR/CLP and USD/PYG. At the closing date of these financial statements, outstanding contracts amount to USD 90.67 million (USD 87.4 million as of December 31, 2023). The valuation of these contracts results in current assets of ThCh$ 849,299 and current liabilities of ThCh$ 1,220,800.

Futures 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.

22.3 Fair value hierarchy

At the closing date of these financial statements, the Company held assets for derivative contracts for ThCh$ 126,739,998 (ThCh$ 80,083,558 as of December 31, 2023) and held liabilities for derivative contracts for ThCh$ 53,806,273 (ThCh$ 53,908,135 as of December 31, 2023). Those contracts covering existing items have been classified in the same category of hedged, 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 or liabilities

Level 2:

Inputs other than quoted prices included in level 1 that are 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 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 September 30, 2024
		Quoted prices in active markets for	Observable
		identical assets or liabilities	market data	Unobservable market data
		(Level 1)	(Level 2)	(Level 3)	Total
		ThCh$	ThCh$	ThCh$	ThCh$
Assets
Other current financial assets		-	849,300	-	849,300
Other non-current financial assets		-	125,890,698	-	125,890,698
Total assets		-	126,739,998	-	126,739,998

Liabilities
Other current financial liabilities		-	1,220,800	-	1,220,800
Other non-current financial liabilities		-	52,585,474	-	52,585,474
Total Liabilities		-	53,806,274	-	53,806,274

	Fair Value Measurement at December 31, 2023
		Quoted prices in active markets for	Observable
		identical assets or liabilities	market data	Unobservable 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

23 – LITIGATION AND 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:

Embotelladora del Atlántico S.A. and Andina Empaques Argentina S.A. face labor, tax, civil and trade lawsuits. Accounting provisions have been made for the contingency of a probable loss because of these lawsuits, totaling CLP 674,826 thousand (CLP 490,108 thousand as of December 31, 2023). Management considers it unlikely that non-provisioned contingencies will affect the Company's income and equity, based on the opinion of its legal counsel. Additionally, Embotelladora del Atlántico S.A. maintains time deposits for an amount of CLP 38,410 thousand to guaranty judicial liabilities.

Rio de Janeiro Refrescos Ltda. faces labor, tax, civil and trade lawsuits. Accounting provisions have been made for the contingency of a probable loss because of these lawsuits, totaling CLP 53,455,316 thousand (CLP 52,997,682 thousand as of December 31, 2023). Management considers it unlikely that non-provisioned contingencies will affect the Company's income and equity, based on the opinion of its legal counsel. As it is customary in Brazil, Rio de Janeiro Refrescos Ltda. maintains Deposit in courts and assets given in pledge to secure the compliance of certain processes, irrespective of whether these have been classified as a possible, probable or remote. The amounts deposited or pledged as legal guarantees amounted to CLP 24,362,516 thousand (CLP 25,845,561 thousand 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 2,442,901,329 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:

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 3,425,059,621 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 643,732,189 (amount includes adjustments for current lawsuits) a start provision has been generated in the accounting of the business combination for BRL 126,168,871.

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 563,780,209 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 1,044,161,104, as of the date of these financial statements.

Embotelladora Andina S.A. and its Chilean subsidiaries face labor, tax, civil and trade lawsuits. Accounting provisions have been made for the contingency of a probable loss because of these lawsuits, totaling CLP 1,482,850 thousand (CLP 1,267,215 thousand as of December 31, 2023). Management considers it is unlikely that non-provisioned contingencies will affect income and equity of the Company, in the opinion of its legal advisors.

Paraguay Refrescos S.A. faces tax, trade, labor and other lawsuits. Accounting provisions have been made for the contingency of any loss because of these lawsuits amounting to CLP 44,787 thousand (CLP 46,891 thousand as of December 31, 2023). Management considers it is unlikely that non-provisioned contingencies will affect income and equity of the Company, in the opinion of its legal advisors.

23.2 Direct guarantees and restricted assets:

Guarantees and restricted assets are detailed as follows:

Guarantees that commit assets recognized in the financial statements:

Committed assets

Accounting value

Guaranty creditor

Debtor name

Relationship

Guaranty

Type

09.30.2024

12.31.2023

ThCh$

Administradora Plaza Vespucio S.A.

Embotelladora Andina S.A.

Parent company

Guarantee receipt

Trade accounts and other accounts receivable

68,307

169,150

Cooperativa Agrícola Pisquera Elqui Limitada

Embotelladora Andina S.A.

Parent company

Guarantee receipt

Other non-current financial assets

1,181,622

1,125,595

Mall Plaza

Embotelladora Andina S.A.

Parent company

Guarantee receipt

Trade accounts and other accounts receivable

329,684

666,024

Metro S.A.

Embotelladora Andina S.A.

Parent company

Guarantee receipt

Trade accounts and other accounts receivable

22,898

22,222

Parque Arauco S.A.

Embotelladora Andina S.A.

Parent company

Guarantee receipt

Trade accounts and other accounts receivable

154,295

299464

Lease agreement

Embotelladora Andina S.A.

Parent company

Guarantee receipt

Trade accounts and other accounts receivable

91,651

96,299

Others

Embotelladora Andina S.A.

Parent company

Guarantee receipt

Trade accounts and other accounts receivable

45,749

59,468

Several retail

Transportes Polar

Subsidiary

Guarantee receipt

Trade accounts and other accounts receivable

22,235

17,656

Workers’ claims

Rio de Janeiro Refrescos Ltda.

Subsidiary

Judicial deposit

Other non-current non-financial assets

7,440,733

7,100,709

Civil and tax claims

Rio de Janeiro Refrescos Ltda.

Subsidiary

Judicial deposit

Other non-current non-financial assets

6,692,588

7,485,574

Governmental entities

Rio de Janeiro Refrescos Ltda.

Subsidiary

Plant and equipment

Property, plant & equipment

10,229,195

11,259,278

Distribuidora Baraldo S.H.

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

Acuña Gomez

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

Nicanor López

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

Municipalidad Bariloche

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

434

Municipalidad San Antonio Oeste

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

2,042

2,395

Municipalidad Carlos Casares

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

Municipalidad Chivilcoy

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

12,770

14,979

Others

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

Granada Maximiliano

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

166

195

Municipalidad de Junin

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

Almada Jorge

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

226

265

Mirgoni Marano

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

Temas Industriales SA - Embargo General de Fondos

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

11,598

13,604

DBC SA C CERVECERIA ARGENTINA SA ISEMBECK

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

2,451

2,441

Coto Cicsa

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

971

1,139

Cencosud

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

231

271

Jose Luis Kreitzer, Alexis Beade Y Cesar Bechetti

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

116

25,920

Vicentin

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

916

1,074

Provincia de Entre Ríos

Embotelladora del Atlántico S.A.

Subsidiary

Judicial deposit

Other non-current non-financial assets

6,687

Marcus A.Peña

Paraguay Refrescos

Subsidiary

Real estate

Property, plant & equipment

4,751

5,332

Ana Maria Mazó

Paraguay Refrescos

Subsidiary

Real estate

Property, plant & equipment

1,029

1,077

Stefano Szwao Giacomelli

Paraguay Refrescos

Subsidiary

Real estate

Property, plant & equipment

2,762

2,892

Sofía Cartes

Paraguay Refrescos

Subsidiary

Real estate

Property, plant & equipment

2,385

Guarantees that do not commit assets recognized in the Financial Statements:

Committed assets

Amounts involved

Guaranty creditor

Debtor name

Relationship

Guaranty

Type

09.30.2024

12.31.2023

ThCh$

Labor procedures

Rio de Janeiro Refrescos Ltda.

Subsidiary

Guaranty receipt

Legal proceeding

6,738,052

2,681,242

Administrative procedures

Rio de Janeiro Refrescos Ltda.

Subsidiary

Guaranty receipt

Legal proceeding

82,097,007

11,245,798

Federal government

Rio de Janeiro Refrescos Ltda.

Subsidiary

Guaranty receipt

Legal proceeding

189,197,489

223,415,663

State government

Rio de Janeiro Refrescos Ltda.

Subsidiary

Guaranty receipt

Legal proceeding

119,891,263

108,317,724

Sorocaba Refrescos

Rio de Janeiro Refrescos Ltda.

Subsidiary

Guaranty receipt

Guarantor

3,295,387

3,623,490

Others

Rio de Janeiro Refrescos Ltda.

Subsidiary

Guaranty receipt

Legal proceeding

1,296,113

1,369,766

Aduana de EZEIZA

Andina Empaques Argentina S.A.

Subsidiary

Surety insurance

Faithful compliance of contract

278,076

658,369

Aduana de EZEIZA

Andina Empaques Argentina S.A.

Subsidiary

Surety insurance

Faithful compliance of contract

3,977

3,886

24 – FINANCIAL RISK 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 UF14.39 million (UF14.61 million as of December 31, 2023) 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 indebtedness in the international market through a USD 300 million fixed-rate 144A/RegS bond issued in the US, which has been redenominated through derivatives to Unidades de Fomento ("UF", Chilean pesos indexed to inflation) in its rate and nominal value, maintaining the structure of the bond. Additionally, in September 2023 a bond was issued in the Swiss market for an amount of CHF 170 million at a fixed rate [CHF], which has been redenominated, through derivatives, to Brazilian reais (BRL) in its rate and notional value, maintaining the structure of the bond.

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.

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 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,

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.

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,

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:

Time deposits: only in banks or financial institutions that have a risk rating equal to or higher than 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 1 year.

ii.

Mutual funds: investments with immediate liquidity and no risk of capital (funds composed of investments at a fixed-term, current account, fixed rate Tit BCRA, negotiable obligations, Over Night, etc.,) in all those counter-parties that 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 to AA+ (S&P) or equivalent.

iii.

Other investment alternatives must be evaluated and authorized by the office of the Chief Financial Officer.

Exchange Rate Risk

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

a) Exposure of 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.

		USD/CLP				BRL/CLP				ARS/CLP				PGY/CLP
Exchange rate variation at reporting date (Foreign currency variation with respect to CLP)			2.3	%			-9.1	%			-14.7	%			-4.5	%

	Brazil			Argentina			Paraguay
	ThCh$			ThCh$			ThCh$
Total assets		935,066,363			457,727,702			315,308,071
Total liabilities		593,367,222			179,816,389			53,219,228
Net investment		341,699,141			277,911,313			262,088,842
Share on income		29.7	%		21.5	%		8.9	%

	BRL/CLP			ARS/CLP			PGY/CLP
-10% variation impact on currency translation		-16.2	%		-22.5	%		-10.1	%

Variation impact on results		(5,880,338	)		(2,241,522	)		(3,831,793	)
Variation impact on equity		(69,596,015	)		(73,669,986	)		(40,997,907	)

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.

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 up to 2		More than 2 up to 3		More than 3 up to 4		More than 5
	ThCh$		ThCh$		ThCh$		ThCh$		ThCh$
Bank debt		43,589,037		9,553,118		-		-		-
Bonds payable		21,421,445		18,196,321		5,169,603		5,169,603		1,031,062,236
Lease obligations		9,905,639		5,561,844		4,946,309		4,993,223		5,272,549
Contractual obligations (1)		49,247,042		18,902,785		17,674,869		17,429,393		-
Total		124,163,163		52,214,068		27,790,781		27,592,219		1,036,334,785

(1)

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

25 – EXPENSES BY NATURE

Other expenses by nature are:

	01.01.2024			01.01.2023			07.01.2024			07.01.2023
Description	09.30.2024			09.30.2023			09.30.2024			09.30.2023
	ThCh$			ThCh$			ThCh$			ThCh$
Direct production costs		(1,094,296,356	)		(1,016,382,735	)		(361,799,076	)		(333,137,433	)
Payroll and employee benefits		(330,088,937	)		(296,394,605	)		(109,148,887	)		(102,863,037	)
Transportation and distribution		(180,567,610	)		(170,895,183	)		(62,500,766	)		(46,268,601	)
Advertisement		(34,712,925	)		(28,992,874	)		(9,531,743	)		(10,289,659	)
Depreciation and amortization		(107,919,075	)		(93,244,542	)		(36,047,307	)		(32,627,778	)
Repairs and maintenance		(43,960,740	)		(38,040,597	)		(16,922,481	)		(19,903,601	)
Other expenses		(140,729,426	)		(125,076,950	)		(52,269,001	)		(47,102,913	)
Total (1)		(1,932,275,069	)		(1,769,027,486	)		(648,219,261	)		(592,193,022	)

(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		01.01.2023		07.01.2024		07.01.2023
Description	09.30.2024		09.30.2023		09.30.2024		09.30.2023
	ThCh$		ThCh$		ThCh$		ThCh$
Gain due to disposal of Property, plant and equipment		176,524		603,257		77,694		288,987
Others		730,527		468,617		162,141		46,811
Total		907,051		1,071,874		239,835		335,798

27 – OTHER EXPENSES BY FUNCTION

Other expenses by function are detailed as follows:

	01.01.2024			01.01.2023			07.01.2024			07.01.2023
Description	09.30.2024			09.30.2023			09.30.2024			09.30.2023
	ThCh$			ThCh$			ThCh$			ThCh$
Contingencies and non-operating fees		(15,776,198	)		(8,198,960	)		(1,956,359	)		(2,734,877	)
Tax on bank debits		(4,925,595	)		(4,894,909	)		(1,647,015	)		(1,528,155	)
Write-offs, disposals and loss (gain) on sale of property, plant and equipment (1)		(2,437,759	)		(1,621,257	)		(1,569,124	)		(3,142,036	)
Others		(1,564,430	)		(2,982,877	)		(3,911	)		(1,665,890	)
Total		(24,703,982	)		(17,698,003	)		(5,176,409	)		(9,070,958	)

(1) During 2023, an unused corporate project provision of ThCh$ 1,520,779 was reversed.

28 – FINANCIAL INCOME AND EXPENSES

Financial income and costs are detailed as follows:

Financial income

	01.01.2024		01.01.2023		07.01.2024		07.01.2023
Description	09.30.2024		09.30.2023		09.30.2024		09.30.2023
		ThCh$		ThCh$		ThCh$		ThCh$
Interest income		15,224,840		23,071,923		4,433,859		5,106,255
Ipiranga purchase warranty restatement		37,011		37,398		11,967		14,855
From PIS credit and COFINS (1)		-		139,924		671,121		-
Other financial income (2)		896,394		3,794,655		1,037,565		821,094
Total		16,158,245		27,043,900		6,154,512		5,942,204

(1)

See Note 6 for more information on recovery.

(2)

The balance includes a lower income of ThCh$ 5,875,189 (loss) from valuation of instruments (BOPREAL).

Financial expenses

	01.01.2024			01.01.2023			07.01.2024			07.01.2023
Description	09.30.2024			09.30.2023			09.30.2024			09.30.2023
		ThCh$			ThCh$			ThCh$			ThCh$
Bond interest		(38,606,811	)		(40,308,125	)		(13,539,723	)		(15,035,270	)
Bank loan interest		(4,038,845	)		(5,518,089	)		(3,145,154	)		(4,705,447	)
Lease interest		(2,408,487	)		(1,917,444	)		(765,317	)		(677,628	)
Other financial costs		(5,185,655	)		(3,982,456	)		(1,466,891	)		(1,562,833	)
Total		(50,239,798	)		(51,726,114	)		(18,917,085	)		(21,981,178	)

29 – OTHER (LOSSES) GAINS

Other (losses) gains are detailed as follows:

	01.01.2024		01.01.2023			07.01.2024		07.01.2023
Description	09.30.2024		09.30.2023			09.30.2024		09.30.2023
		ThCh$		ThCh$			ThCh$		ThCh$
Other gains and losses*				25,659,888	⁽¹⁾				103,542
Total				25,659,888					103,542

⁽¹⁾ The balance includes losses recorded in June 2023, for CLP 25,530,162 due to the assignment of a loan owned by Embotelladora Andina S.A. to a financial institution with a discount. The credit of Embotelladora Andina was originally generated as a result of dividends from subsidiaries declared in Argentine pesos.

30 – EXCHANGE DIFFERENCE

Exchange differences are detailed as follows:

	01.01.2024			01.01.2023			07.01.2024			07.01.2023
Description	09.30.2024			09.30.2023			09.30.2024			09.30.2023
		ThCh$			ThCh$			ThCh$			ThCh$
Generated by suppliers		(4,606,759	)		(14,441,079	)		(1,114,989	)		(5,373,946	)
Generated by financial assets		1,440,179			8,471,087			1,879,051			9,309,412
Generated by financial liabilities		(1,784,994	)		(3,542,673	)		(1,497,831	)		(2,331,191	)
Other		(4,356,975	)		2,931,857			(216,876	)		1,567,504
Total		(9,308,549	)		(6,580,808	)		(950,645	)		3,171,779

h31 - LOCAL AND FOREIGN CURRENCY

Local and foreign currency balances are the following:

CURRENT ASSETS	09.30.2024		12.31.2023
		ThCh$		ThCh$
Cash and cash equivalents		210,685,267		303,683,683
USD		8,759,402		9,462,829
EUR		643,253		437,604
CLP		110,127,618		140,758,085
BRL		76,571,139		96,214,729
ARS		2,227,726		18,340,987
PGY		12,356,129		38,469,449

Other current financial assets		72,357,766		67,285,793
CLP		71,619,782		66,587,339
BRL		556,397		13,897
ARS		-		684,557
PGY		181,587		-

Other non-financial assets, current		23,831,770		19,311,851
USD		4,797,648		174,579
EUR		481,561		615,636
UF		1,148,203		1,196,729
CLP		3,465,660		6,353,138
BRL		2,760,294		3,213,978
ARS		4,037,858		3,531,840
PGY		7,140,546		4,225,951

Trade and other receivables		251,802,033		298,892,164
USD		5,418,286		3,511,802
EUR		-		1,233
UF		-		1,030,138
CLP		145,286,898		182,395,110
BRL		66,893,363		79,993,377
ARS		27,364,882		23,712,111
PGY		6,838,604		8,248,393

Accounts receivable from related entities		9,910,383		16,161,318
USD		3,526,260		-
CLP		5,469,663		14,736,546
BRL		-		1,223,699
ARS		615,239		-
PGY		-		201,073
CHF		299,221		-

Inventory		274,260,605		233,053,160
CLP		105,419,531		106,204,544
BRL		67,365,227		64,808,180
ARS		80,324,089		38,277,180
PGY		21,151,758		23,763,256

Current tax assets		44,789,119		43,383,058
USD		-		6,253,451
CLP		7,148,800		6,213,032
BRL		37,313,023		30,643,656
ARS		327,296		272,919

Total current assets		887,636,943		981,771,027
USD		22,501,596		19,402,661
EUR		1,124,814		1,054,473
UF		1,148,203		2,226,867
CLP		448,537,952		523,247,794
BRL		251,459,443		276,111,516
ARS		114,897,090		84,819,594
PGY		47,668,624		74,908,122

NON-CURRENT ASSETS	09.30.2024		12.31.2023
		ThCh$		ThCh$
Other non-current financial assets		148,257,630		93,316,339
USD		24,195,386		19,030,656
UF		1,216,865		1,216,865
CLP		62,224,268		53,832,722
BRL		41,202,259		7,935,524
ARS		19,418,852		11,300,572

Other non-financial, non-current assets		53,969,720		59,412,482
USD		-		609,042
UF		493,454		17,154
CLP		47,531		55,397
BRL		49,466,491		55,660,553
ARS		2,234,967		1,338,592
PGY		1,727,277		1,731,744

Accounts receivable, non-current		156,884		371,401
UF		-		225,323
CLP		53,097		51,752
ARS		13,883		136
PGY		89,904		94,190

Non-current accounts receivable from related entities		352,808		108,021
CLP		352,808		108,021

Investments accounted for using the equity method		87,371,919		91,799,267
CLP		49,269,836		49,790,788
BRL		38,102,083		42,008,479

Intangible assets other than goodwill		676,542,205		695,926,565
USD		3,959,421		3,959,421
CLP		316,623,165		312,908,478
BRL		177,217,105		195,313,156
ARS		8,282,251		5,269,949
PGY		170,460,263		178,475,561

Goodwill		138,295,949		122,103,802
CLP		9,523,767		9,523,767
BRL		66,217,852		72,810,771
ARS		55,318,395		32,193,085
PGY		7,235,935		7,576,179

Property, plant and equipment		1,023,163,348		872,388,811
EUR		-		2,429,848
UF		-		11,316,009
CLP		378,827,893		353,146,598
BRL		311,401,129		277,936,537
ARS		254,013,339		140,055,748
PGY		78,920,987		87,504,071

Deferred tax assets		4,664,376		4,323,174
CLP		2,909,469		2,592,024
PGY		1,754,907		1,731,150

Total non-current assets		2,132,774,839		1,939,749,862
USD		28,154,807		23,599,119
EUR		-		2,429,848
UF		1,710,319		12,775,351
CLP		819,831,834		782,009,547
BRL		683,606,919		651,665,020
ARS		339,281,687		190,158,082
PGY		260,189,273		277,112,895

	09.30.2024						12.31.2023
CURRENT 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 current financial liabilities		46,420,954		41,352,248		87,773,202		16,062,851		36,934,150		52,997,001
USD		1,758,519		1,485,286		3,243,805		342,000		5,444,143		5,786,143
EUR		35,830		112,563		148,393		32,709		90,988		123,697
UF		21,066,654		3,703,883		24,770,537		13,753,586		13,044,881		26,798,467
CLP		14,284,298		7,837,165		22,121,463		899,930		11,384,709		12,284,639
BRL		1,187,759		2,424,865		3,612,624		685,038		2,829,430		3,514,468
ARS		7,951,406		24,237,081		32,188,487		349,588		1,804,522		2,154,110
PGY		-		1,551,405		1,551,405		-		1,482,060		1,482,060
CHF		136,488		-		136,488		-		853,417		853,417

Trade accounts payable and other accounts payable, current		374,592,126		698,809		375,290,935		404,557,957		24,354,027		428,911,984
USD		26,953,960		350,113		27,304,073		37,085,189		2,156,901		39,242,090
EUR		5,166,722		202,833		5,369,555		5,285,606		297,386		5,582,992
UF		2,118,385		19,742		2,138,127		3,430,102		302,021		3,732,123
CLP		128,762,869		126,121		128,888,990		166,250,228		21,597,719		187,847,947
BRL		137,645,120		-		137,645,120		129,596,874		-		129,596,874
ARS		50,280,767		-		50,280,767		45,129,973		-		45,129,973
PGY		21,742,555		-		21,742,555		17,779,985		-		17,779,985
Other currencies		1,921,748		-		1,921,748		-		-		-

Accounts payable to related companies, current		74,208,522		14,400,983		88,609,505		96,045,624		-		96,045,624
USD		670,684		892,957		1,563,641		-		-		-
CLP		10,946		-		10,946		39,175,392		-		39,175,392
BRL		27,881,547		13,508,026		41,389,573		40,225,863		-		40,225,863
ARS		39,870,316		-		39,870,316		8,031,621		-		8,031,621
PGY		5,775,029		-		5,775,029		8,612,748		-		8,612,748


Other current provisions		1,482,850		44,786		1,527,636		127,229		1,186,877		1,314,106
UF		-		-		-		-		-		-
CLP		1,482,850		-		1,482,850		127,229		1,139,985		1,267,214
PGY		-		44,786		44,786		-		46,892		46,892

Current tax liabilities		22,260,694		6,830,090		29,090,784		7,700,127		5,711,494		13,411,621
CLP		3,423,117		2,100		3,425,217		2,440,280		23,458		2,463,738
BRL		18,837,577		-		18,837,577		5,259,847		-		5,259,847
ARS		-		6,131,668		6,131,668		-		4,143,057		4,143,057
PGY		-		696,322		696,322		-		1,544,979		1,544,979

Current employee Benefit provisions		26,972,357		25,547,101		52,519,458		47,674,090		10,143,710		57,817,800
CLP		2,986,538		9,383,840		12,370,378		5,769,075		8,867,752		14,636,827
BRL		23,985,819		-		23,985,819		28,791,559		-		28,791,559
ARS		-		14,270,539		14,270,539		13,113,456		-		13,113,456
PGY		-		1,892,722		1,892,722		-		1,275,958		1,275,958

Other current non-financial liabilities		31,805,905		9,104,189		40,910,094		2,364,699		40,008,461		42,373,160
CLP		31,802,060		8,865,970		40,668,030		2,360,088		39,785,560		42,145,648
ARS		3,845		-		3,845		4,611		-		4,611
PGY		-		238,219		238,219		-		222,901		222,901

Total current liabilities		577,743,409		97,978,205		675,721,614		574,532,577		118,338,719		692,871,296
USD		29,383,163		2,728,356		32,111,519		37,427,189		7,601,044		45,028,233
EUR		5,213,497		315,396		5,528,893		5,318,315		388,374		5,706,689
UF		23,185,040		3,723,625		26,908,665		17,183,688		13,346,902		30,530,590
CLP		210,623,279		39,723,221		250,346,500		217,022,222		82,799,183		299,821,405
BRL		221,526,592		2,424,865		223,951,457		204,559,181		2,829,430		207,388,611
ARS		64,011,047		44,639,288		108,650,335		66,629,249		5,947,579		72,576,828
PGY		21,742,555		4,423,454		26,166,009		26,392,733		4,572,790		30,965,523
CHF		136,488		-		136,488		-		853,417		853,417
Other currencies		1,921,748		-		1,921,748		-		-		-

	09.30.2024				12.31.2023
NON CURRENT LIABILITIES	More than 1 year up to 3	More than 3 and up to 5	More than 5 years	Total	More than 1 year up to 3	More than 3 and up to 5	More than 5 years	Total
	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$
Other non-current financial liabilities	861,092,467	187,404,552	2,374,152	1,050,871,171	39,864,902	203,951,623	800,509,308	1,044,325,833
USD	281,432,208	1,590,534	1,127,494	284,150,236	1,509,143	1,203,965	259,130,959	261,844,067
EUR	162,668	588,059	276,174	1,026,901	323,054	357,058	446,054	1,126,166
UF	5,864,998	481,418	-	6,346,416	32,606,024	12,349,672	486,381,343	531,337,039
CLP	567,960,221	917,338	165,179	569,042,738	-	8,500,000	52,449,925	60,949,925
BRL	5,672,372	4,492,587	805,305	10,970,264	5,421,424	5,778,555	2,101,027	13,301,006
ARS	-	-	-	-	5,257	-	-	5,257
CHF	-	179,334,616	-	179,334,616	-	175,762,373	-	175,762,373

Accounts payable, non-current	2,731,566	-	-	2,731,566	2,392,555	-	-	2,392,555
UF	748,096	-	-	748,096	-	-	-	-
CLP	1,961,456	-	-	1,961,456	2,392,555	-	-	2,392,555
ARS	22,014	-	-	22,014	-	-	-	-

Accounts payable related companies	1,120,979	-	-	1,120,979	6,007,041	-	-	6,007,041
BRL	1,120,979	-	-	1,120,979	6,007,041	-	-	6,007,041

Other provisions, non-current	54,130,143	-	-	54,130,143	490,107	52,997,683	-	53,487,790
BRL	53,455,317	-	-	53,455,317	-	52,997,683	-	52,997,683
ARS	674,826	-	-	674,826	490,107	-	-	490,107

Deferred tax liabilities	206,539,199	-	-	206,539,199	113,608,651	47,772,196	19,089,372	180,470,219
UF	88,056,043	-	-	88,056,043
CLP	9,653,229	-	-	9,653,229	94,801,758	-	1,231,565	96,033,323
BRL	52,588,495	-	-	52,588,495	-	47,772,196	-	47,772,196
ARS	39,185,615	-	-	39,185,615	18,806,893	-	-	18,806,893
PGY	17,055,817	-	-	17,055,817	-	-	17,857,807	17,857,807

Non-current employee benefit provisions	16,441,715	286,475	2,979,174	19,707,364	15,499,538	249,254	2,725,154
UF	14,749,473	41,474	-	14,790,947
CLP	1,023,185	245,001	26,580	1,294,766	14,799,923	249,254	2,725,154	17,774,331
BRL	-	-	2,952,594	2,952,594
ARS	12,801	-	-	12,801	5,242	-	-	5,242
PGY	656,256	-	-	656,256	694,373	-	-	694,373

Other non-financial liabilities	5,566,739	-	-	5,566,739	-	2,506,795	-	2,506,795
BRL	5,566,739	-	-	5,566,739	-	2,506,795	-	2,506,795
ARS	-	-	-	-

Total non-current liabilities	1,147,622,808	187,691,027	5,353,326	1,340,667,161	177,862,794	307,477,551	822,323,834	1,307,664,179
USD	281,432,208	1,590,534	1,127,494	284,150,236	1,509,143	1,203,965	259,130,959	261,844,067
EUR	162,668	588,059	276,174	1,026,901	323,054	357,058	446,054	1,126,166
UF	109,418,610	522,892	-	109,941,502	32,606,024	12,349,672	486,381,343	531,337,039
CLP	580,598,091	1,162,339	191,759	581,952,189	111,994,236	8,749,254	56,406,644	177,150,134
BRL	118,403,902	4,492,587	3,757,899	126,654,388	11,428,465	109,055,229	2,101,027	122,584,721
ARS	39,895,256	-	-	39,895,256	19,307,499	-	-	19,307,499
PGY	17,712,073	-	-	17,712,073	694,373	-	17,857,807	18,552,180
CHF	-	179,334,616	-	179,334,616	-	175,762,373	-	-

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				Future commitments
	Charged to		Charged to		To be charged to		To be charged to
Countries	expenses		fixed assets		expenses		fixed assets
	ThCh$		ThCh$		ThCh$		ThCh$
Chile		1,442,009		241,565		1,302,079		2,441,670
Argentina		250,271		-		476		-
Brazil		1,959,680		270,167		558,892		116,512
Paraguay		187,887		56,628		-		-
Total		3,839,847		568,360		1,861,447		2,558,182

33 – SUBSEQUENT EVENTS

No other events have occurred subsequent to September 30, 2024, that may significantly affect the Company's consolidated financial position.

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, November 12, 2024

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