Company: AKO-B
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-109492
Chunk: 71

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-11-12
Form: 6-K
Chunk 71
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 |     |       | 946,570,604 |
| Basic and diluted earnings per share (CLP)    |     |            |      133.80 |     |          |      147.18 |     |       |      140.49 |

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22 – DERIVATIVE ASSETS AND LIABILITIES

As of the date of these financial statements,
the Company maintains cross currency swaps, currency forwards, and commodity swaps as derivative financial instruments.

Cross currency swaps (CCS), also known as interest
rate and currency swaps, are valued by discounting expected future cash flows using current market rates for the currencies and rates
involved in each transaction.

The fair value of currency forward contracts is
determined based on the forward exchange rates in effect for contracts with similar maturity profiles, in accordance with market conditions
at the closing date.

The fair value of commodity swaps is determined
based on expected future cash flows, calculated using current market prices for futures contracts and considering the agreed maturity
dates.

As of the date of these financial statements,
the Company holds the following derivative assets and liabilities, recognized at fair value:

| 22.1 | Accounting recognition of cross currency and rate swaps |

Cross Currency Swaps, related to Local Bonds (Chile)

As of the closing date of these financial statements,
the Company maintains derivative contracts aimed at hedging part of its bond debt issued in Unidades de Fomento (UF), for a total amount
of UF 8,161,799 (UF 8,462,025 as of December 31, 2024), for the purpose of converting these obligations to Chilean pesos (CLP).

The fair value measurement of these contracts
at year-end resulted in a non-current asset of ThCh$ 94,864,787 (ThCh$ 85,252,373 as of December 31, 2024), which is presented under
“Other non-current financial assets.”

The maturity dates of the derivative contracts
are distributed over the years 2026, 2031, 2034, and 2035.

Cross Currency Swaps, related to international bonds (US and Switzerland)

At period-end, the Company has derivative contracts
linked to US dollar-denominated obligations totaling USD 300 million, of which USD 150 million is converted to inflation-indexed Chilean
pesos (UF) and USD150 million to nominal Chilean pesos (CLP), both maturing in 205