Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

FINANCIAL INSTRUMENTS

Summary of Financial Assets Classified by Type and Category

	Financial assets at fair value with changes in results	Financial assets measured at amortized cost	Financial assets at fair value with changes in other comprehensive income	Financial derivatives designated for hedging
Balance as of 12-31-2018	ThCh$	ThCh$	ThCh$	ThCh$
Equity instruments	—	—	269,031	—
Trade and other receivables	—	371,656,536	—	—
Derivative instruments	1,491,497	—	1,423,613	38,169,894
Other financial assets	—	84,580	—	—
Total current	1,491,497	371,741,116	1,692,644	38,169,894
Equity instruments	—	—	2,326,484	—
Trade and other receivables	—	1,156,638	—	—
Derivative instruments	36,086	—	—	—
Total non-current	36,086	1,156,638	2,326,484	—
Total	1,527,583	372,897,754	4,019,128	38,169,894

	Financial assets at fair value with changes in results	Financial assets measured at amortized cost	Financial assets at fair value with changes in other comprehensive income	Financial derivatives designated for hedging
Balance as of 12-31-2017	ThCh$	ThCh$	ThCh$	ThCh$
Trade and other receivables	—	301,379,119	—	—
Derivative instruments	10,343,671	—	5,742,633	20,038,433
Other financial assets	—	82,127	—	—
Total current	10,343,671	301,461,246	5,742,633	20,038,433
Equity instruments	6,353	—	2,595,342	—
Trade and other receivables	—	1,032,923	—	—
Derivative instruments	—	—	—	30,789,703
Total non-current	6,353	1,032,923	2,595,342	30,789,703
Total	10,350,024	302,494,169	8,337,975	50,828,136

Summary of Financial Liabilities Classified by Type and Category

	Financial liabilities at fair value with changes in results	Financial liabilities measured at amortized cost	Financial liabilities at fair value with changes in other comprehensive income	Financial derivatives designated for hedging
Balance as of 12-31-2018	ThCh$	ThCh$	ThCh$	ThCh$
Interest-bearing loans	—	43,946,822	—	—
Trade and other current payables	—	419,006,236	—	—
Derivative instruments	756,005	—	7,161,949	81,195,765
Other financial liabilities	—	—	—	—
Total current	756,005	462,953,058	7,161,949	81,195,765
Interest-bearing loans	—	797,023,880	—	—
Trade and other current payables	—	450,421	—	—
Derivative instruments	159,630	—	—	2,629,715
Total non-current	159,630	797,474,301	—	2,629,715
Total	915,635	1,260,427,359	7,161,949	83,825,480

	Financial liabilities held for trading	Loans and payables	Financial liabilities at fair value with changes in other comprehensive income	Financial derivatives designated for hedging
Balance as of 12-31-2017	ThCh$	ThCh$	ThCh$	ThCh$
Interest-bearing loans	—	17,255,679	—	—
Trade and other current payables	—	429,451,249	—	—
Derivative instruments	1,255,478	—	—	304,278
Other financial liabilities	889,026	—	—	—
Total current	2,144,504	446,706,928	—	304,278
Interest-bearing loans	—	760,932,929	—	—
Trade and other current payables	—	951,161	—	—
Derivative instruments	—	—	—	21,045,216
Total non-current	—	761,884,090	—	21,045,216
Total	2,144,504	1,208,591,018	—	21,349,494

Summary of Financial Derivative Transactions Qualifying as Hedge Instruments Resulted in Recognition of Assets and Liabilities

	Balance as of
	12-31-2018				12-31-2017
	Assets		Liabilities		Assets		Liabilities
	Current	Non-current	Current	Non-current	Current	Non-current	Current	Non-current
	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$
Exchange rate hedge:	38,169,894	—	81,195,765	2,629,715	20,038,433	30,789,703	304,278	21,045,216
Cash flow hedge	38,169,894	—	81,195,765	2,629,715	20,038,433	30,789,703	304,278	21,045,216
Total	38,169,894	—	81,195,765	2,629,715	20,038,433	30,789,703	304,278	21,045,216

Summary of Hedge Derivative Instruments and Their Corresponding Hedged Instruments

Type of	Description of		Fair value of hedged item	Fair value of hedged item
hedging	hedging	Description of	12-31-2018	12-31-2017	Type of risks
instrument	instrument	hedged item	ThCh$	ThCh$	hedged
SWAP	Exchange rate	Unsecured liabilities (bonds)	(18,892,399)	7,696,061	Cash flow
FORWARD	Exchange rate	Revenues	(26,763,187)	21,782,581	Cash flow

Summary of Financial Derivative Transactions Recorded at Fair Value Through Profit or Loss Resulted in the Recognition of Assets and Liabilities

	Balance as of
	12-31-2018				12-31-2017
	Asset		Liabilities		Asset		Liabilities
	Current ThCh$	Non-Current ThCh$	Current ThCh$	Non-Current ThCh$	Current ThCh$	Non-Current ThCh$	Current ThCh$	Non-Current ThCh$
Non-hedging derivative instruments	41,023	36,086	207,957	159,630	402,716	—	1,255,478	—
Total	41,023	36,086	207,957	159,630	402,716	—	1,255,478	—

Summary of Fair Value of Hedging and Non-Hedging Derivatives Entered into by the Group as Well as the Remaining Contractual Maturities

	Balance as of 12-31-2018
		Notional value
	Fair value	Less than one year	1 - 2 years	2 - 3 years	Total
Financial derivatives	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$
Exchange rate hedges:	(45,655,586)	1,227,557,071	76,355,223	—	1,303,912,294
Cash flow hedges	(45,655,586)	1,227,557,071	76,355,223	—	1,303,912,294
Derivatives not designated for hedge accounting	(290,478)	34,525,045	29,457,793	1,913,220	65,896,058
Total	(45,946,064)	1,262,082,116	105,813,016	1,913,220	1,369,808,352

	Balance as of 12-31-2017
		Notional value
	Fair value	Less than one year	1 - 2 years	2 - 3 years	Total
Financial derivatives	ThCh$	ThCh$	ThCh$	ThCh$	ThCh$
Exchange rate hedges:	29,478,642	306,350,419	525,812,635	—	832,163,054
Cash flow hedges	29,478,642	306,350,419	525,812,635	—	832,163,054
Derivatives not designated for hedge accounting	(852,762)	19,682,638	—	—	19,682,638
Total	28,625,880	326,033,057	525,812,635	—	851,845,692

Schedule of Financial Assets and Liabilities Measured at Fair Value

		Fair value measured at end of
	Balance as of	reporting period using:
	12-31-2018	Level 1	Level 2	Level 3
Financial instruments measured at fair value	ThCh$	ThCh$	ThCh$	ThCh$
Financial Assets
Financial derivatives designated as cash flow hedges	38,169,894	—	38,169,894	—
Financial derivatives not designated for hedge accounting	77,109	—	77,109	—
Commodity derivatives designated as non-cash flow hedge	1,450,474	—	1,450,474	—
Commodity derivatives designated as cash flow hedges	1,423,613	—	1,423,613	—
Available-for-sale financial assets, non-current	—	—	—	—
Equity instruments at fair value with changes in other comprehensive income	2,595,515	2,326,484	269,031
Total	43,716,605	2,326,484	41,390,121	—
Financial Liabilities
Financial derivatives designated as cash flow hedges	83,825,480	—	83,825,480	—
Financial derivatives not designated for hedge accounting	367,587	—	367,587	—
Commodity derivatives designated as non-cash flow hedge	548,048	—	548,048	—
Commodity derivatives designated as fair value hedge	7,161,949	—	7,161,949	—
Total	91,903,064	—	91,903,064	—

		Fair value measured at end of
	Balance as of	reporting period using:
	12-31-2017	Level 1	Level 2	Level 3
Financial instruments measured at fair value	ThCh$	ThCh$	ThCh$	ThCh$
Financial Assets
Financial derivatives designated as cash flow hedges	50,828,136	—	50,828,136	—
Financial derivatives not designated for hedge accounting	402,716	—	402,716	—
Commodity derivatives designated as non-cash flow hedge	9,940,955	—	9,940,955	—
Commodity derivatives designated as cash flow hedges	5,472,633	—	5,742,633	—
Available-for-sale financial assets, non-current	6,353	6,353	—	—
Total	66,650,793	6,353	66,914,440	—
Financial Liabilities
Financial derivatives designated as cash flow hedges	21,349,494	—	21,349,494	—
Financial derivatives not designated for hedge accounting	1,255,478	—	1,255,478	—
Commodity derivatives designated as non-cash flow hedge	889,026	—	889,026	—
Commodity derivatives designated as fair value hedge		—	—	—
Total	23,493,998	—	23,493,998	—