Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 99

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 99
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 an amount not greater than the budgeted purchases of U.S. dollar-denominated raw materials. Depending on market conditions, instead of forward currency contracts, from time to time we prefer to utilize our cash surplus to purchase raw materials in advance to obtain better prices and a fixed exchange rate. Additionally, during 2024 we entered forward contracts to hedge our budgeted purchases of #5 sugar, which is used in our operations in Chile.
The Company believes its balances of cash and cash equivalents, which totaled Ch$248,899 million as of December 31, 2024, along with cash generated by ongoing operations and continued access to debt markets, will be sufficient to satisfy its cash requirements over the next twelve months and beyond.
The Company’s material cash requirements include the following contractual and other obligations.
Debt
As of December 31, 2024, the Company had outstanding fixed-rate notes with varying maturities for an aggregate principal amount of Ch$1,003,864 million (collectively the “Notes”). Future interest payments associated with the Notes total Ch$586,717 million, with Ch$51,970 million payable within 12 months.
Leases
The Company has lease arrangements for certain equipment and facilities, including machinery and production lines, building and installations and technology equipment. As of December 31, 2024, the Company had fixed lease payment obligations of Ch$30,522 million, with Ch$9,631 million payable within 12 months.
Manufacturing Purchase Obligations
The Company has agreements with its collaborating entities for its operation, which are mainly related to contracts entered into to supply products and/or support services in purchase of supplies for production like sugar, beverage cans and payments to obtain rights over mineral spring waters, among others. As of December 31, 2024, the Company had manufacturing purchase obligations of Ch$201,888 million, with Ch$145,026 million payable within 12 months.
Other Purchase Obligations
The Company’s other purchase obligations primarily consist of contracts entered into to supply information technology services, company commitments with its franchisor to make investments or expenses related to the development of the franchise, staff support services, security services, maintenance services for fixed assets. As of December 31, 2024, the Company had other purchase obligations of Ch$43,794 million, with Ch$33,113 million payable within 12 months.
Cash Flows from Operating Activities 2024 vs. Cash Flows from Operating Activities 2023 and 2022