Company: AKO-B
Filing Date: 2025-05-07
Form Type: 6-K
Source: 0001104659-25-045391
Chunk: 24

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-05-07
Form: 6-K
Chunk 24
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 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 is 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.

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| 2.22 | Critical accounting estimates and judgments |

In preparing the Consolidated Financial Statements,
the Company has used certain judgments and