Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 96

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 96
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 income and by Ch$8,155 million in financial income (net of financial costs), respectively. We also had a decrease in losses relate to foreign exchange differences, mainly in Argentina. This decrease in expenses is partially offset by an increase in financial costs due to an increase in short-term debt in the operation in Argentina and in Re-Ciclar.
Income Taxes
We had income taxes of Ch$133,393 million during the year ended December 31, 2024, a 55.1% increase compared to Ch$85,994 million during 2023. This increase is mainly explained by higher operating and non-operating profits generated in our operations.
Net Income
Due to the factors described above, we had a net income of Ch$234,644 million during the year ended December 31, 2024, a 34.5% increase compared to Ch$174,511 million during 2023. Our net income represented 7.3% of our net sales during the year ended December 31, 2024, compared to 6.7% for 2023.
Summary of Results of Operations for the Years ended December 31, 2022 and 2023
For information regarding the results of operations for the years ended December 31, 2022 and December 31, 2023, See “Item 5. Operating and Financial Review and Prospects –A. Operating Results 2023 –Summary of Results of Operations for the years ended December 31, 2022 and 2023” in our Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023.
Basis of Presentation
The aforementioned discussion should be read in conjunction with and is qualified in its entirety by reference to the consolidated financial statements, including the notes thereto.
These consolidated financial statements have been prepared in accordance with IFRS issued by the IASB.
These financial statements reflect the consolidated financial position of Embotelladora Andina S.A. and its subsidiaries as of December 31, 2024 and 2023 as well as the operating results, changes in shareholders’ equity and cash flows for the years ended December 31, 2024, 2023 and 2022, all of which were approved by the board of directors on March 25, 2025.
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Our consolidated financial results include the results of our subsidiaries located in Chile, Brazil, Argentina and Paraguay. Our subsidiaries outside Chile prepare