Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 95

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 95
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 due to the lower sales volume. Our distribution, administrative and sales expenses in Argentina represented 36.3% of our net sales in Argentina during the year ended December 31, 2024, compared to 35.3% for 2023.
Paraguay
In Paraguay, our distribution, administrative and sales expenses were Ch$55,373 million during the year ended December 31, 2024, a 24.9% increase, compared to Ch$44,320 million during 2023. The distribution, administrative and sales expenses in local currency in Paraguay increased 15.3%, which is mainly explained by (i) higher cost of labor and services provided by third parties, (ii) higher marketing expenses, and (iii) higher distribution expenses, due to higher sales volumes. Our distribution, administrative and sales expenses in Paraguay represented 19.6% of our net sales in Paraguay during the year ended December 31, 2024, compared to 19.8% for 2023.

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Other Income (Expense), Net
The following table sets forth our other income (expense), net for the year ended December 31, 2023 and 2024:

                                                  ​                                                     ​       ​          ​         ​    
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​                                                                                                                  Year Ended December 31,
​                                                                                                       2023            2024              
​                                                                                                       ​             (in millions of Ch$)
​                                                                                                       ​           ​   ​                ​
Other income (expense)                                                                                       (41,040)             (15,170)
Financial income                                                                                               31,396               28,960
Financial expenses                                                                                           (65,288)             (70,414)
Share of profit of investments in associates and joint ventures accounted for using the equity method           2,716   998               
Foreign exchange differences                                                                                 (17,216)              (7,407)
Income (loss) by indexation units                                                                             (7,399)                3,989
Other income (expense), net                                                                                  (96,831)             (59,045)
​
We had other expenses, net, of Ch$59,045 million during the year ended December 31, 2024, a 39.0% decrease compared to Ch$96,831 million during 2023. The decrease is mainly explained by the recognition of a tax credit in Brazil and the effect of monetary inflation thereon, which impacted by Ch$20,322 million in other