Company: AKO-B
Filing Date: 2025-05-07
Form Type: 6-K
Source: 0001104659-25-045391
Chunk: 9

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-05-07
Form: 6-K
Chunk 9
---
29 “Financial
information in hyperinflationary economies” (IAS 29). This determination was carried out based on a series of qualitative and quantitative
criteria, including an accumulated inflation rate of more than 100% for three years. In accordance with IAS 29, the financial statements
of companies in which Embotelladora Andina S.A. participates in Argentina have been retrospectively restated by applying a general price
index to the historical cost, in order to reflect the changes in the purchasing power of the Argentine peso, as of the closing date of
these financial statements.

Non-monetary assets and liabilities were restated
since February 2003, the last date an inflation adjustment was applied for accounting purposes in Argentina. In this context, it
should be mentioned that the Group made its transition to IFRS on January 1, 2004, applying the attributed cost exemption for Property,
plant and equipment.

For consolidation purposes in Embotelladora Andina
S.A. and as a result of the adoption of IAS 29, the results and financial position of our Argentine subsidiaries were converted to the
closing exchange rate (ARS/CLP) at the date of presentation of these financial statements , in accordance with IAS 21 "Effects of
foreign currency exchange rate variations", when dealing with a hyperinflationary economy.

The comparative amounts in the consolidated financial
statements are those that were presented as current year amounts in the relevant financial statements of the previous year (i.e., not
adjusted for subsequent changes in price level or exchange rates). This results in differences between the closing net equity of the previous
year and the opening net equity of the current year and, as an accounting policy option, these changes are presented as follows: (a) the
re-measurement of Opening balances under IAS 29 as an adjustment to equity and (b) subsequent effects, including re-expression under
IAS 21 , as "Exchange rate differences in the conversion of foreign operations" under other comprehensive income.

The adjustment factor is derived from the
National Consumer Price Index (CPI), which is published by the National Institute of Statistics and Census of the Argentine Republic (INDEC).
Inflation for the periods January to March 2025 and from January to December 2024 amounted to 10.91% and 118.10%,
respectively.

| 2.5.2 | Presentation currency |

The presentation currency is the Chilean peso,
which is the functional currency of the parent