Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 137

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 8
Chunk 137
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ITEM 8.FINANCIAL INFORMATION

A.   CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION
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See “Item 18 - Financial Statements” for our consolidated financial statements filed as part of this annual report.
Contingencies
We are party to certain legal proceedings that have arisen during the normal course of business, and we believe none of them are likely to have a material adverse effect on our financial condition. In accordance with accounting principles, the provisions regarding legal proceedings and other contingencies must be recorded if such procedures or contingencies are reasonably probable to be resolved against the Company and it is probable that an outflow of economic benefits will be required to settle the corresponding obligation, and a reliable estimate can be made of the amount of such obligation.
The following table represents accounting provisions made as of December 31, 2023 and 2024, for probable loss contingencies stemming from labor, tax, commercial and other litigation faced by our Company:

    ​       ​        ​            ​            ​     
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​                     For the year ended December 31,
​           2023              2024                   
​           ​                             Million Ch$
Chile       ​         1,267   ​                 1,473
Brazil      ​        52,998   ​                53,001
Argentina   ​           490   ​                   722
Paraguay    ​            47   ​                    50
Total       ​        54,802   ​                55,246
​
For more details, see note 23 of our consolidated financial statements included herein.
Dividend Policy
The declaration and payment of dividends are determined, subject to the limitations set forth below, by the affirmative vote of a majority of our shareholders at a general shareholders’ meeting, based upon the recommendation of our board of directors.
At our annual general shareholders’ meeting, our board of directors submits our annual financial statements for the preceding fiscal year together with reports prepared by our Audit Committee for approval by our shareholders. Once our shareholders have approved our annual financial statements, they determine the allocation of our net income, after provision for income taxes and legal reserves for the preceding year and considering the accumulation of losses from prior periods. All shares of our capital stock outstanding at the time a dividend or other distribution is declared are entitled to share equally in that dividend or other distribution, except that holders of our Series B shares are entitled to a dividend 10% greater than any dividend on Series A shares.

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Pursuant