Company: AKO-B
Filing Date: 2025-05-07
Form Type: 6-K
Source: 0001104659-25-045391
Chunk: 29

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-05-07
Form: 6-K
Chunk 29
---
 IFRS 7 Financial Instruments: Disclosures. Regarding                                                                                    
 the disclosures on results from the derecognition of financial assets where there is continuous involvement, a reference to IFRS 13 is  
 incorporated in order to disclose whether there are significant unobservable inputs that impacted the fair value, and therefore, part   
 of the result of the derecognition.                                                                                                     |
| · | IFRS 9 Financial Instruments. A reference on                                                                                            
 the initial measurement of accounts receivable was amended by eliminating the concept of transaction price.                             |
| · | IFRS 10 Consolidated Financial Statements. Some                                                                                         
 improvements are incorporated in the description of the control assessment when there are “de facto agents.”                            |
| · | IAS 7 Statement of Cash Flows. A reference in                                                                                           
 paragraph 37 regarding the concept of “equity method” was amended by eliminating the reference to the “cost method”.                    |

Amendment to IFRS 9 and IFRS 7: Contracts Referencing
Electricity That Depends on Nature (Published in December 2024). This amendment includes:

| · | Clarifying the application of the “own                                                        
 use” requirements;                                                                            |
| · | Allowing hedge accounting if these contracts                                                  
 are used as hedging instruments; and                                                          |
| · | Disclosure requirements to enable investors to                                                
 understand the effect of these contracts on an entity’s financial performance and cash flows. |

IFRS 18 Presentation and disclosure in financial
statements. Issued in April of 2024.This is the new standard on presentation and disclosure in financial statements, with a focus
on updates to the income statement. The key new concepts introduced in IFRS 18 relate to (Mandatory as from January 1, 2027):

| · | The structure of the income statement;                                                                                                 |
| · | Disclosures required in the financial statements                                                                                       
 for certain profit or loss performance measures that are reported outside an entity's financial statements (i.e., performance measures 
 defined by management); and                                                                                                            |
| · | Enhanced principles on aggregation and disaggregation                                                                                  
 that apply to the principal financial statements and notes overall.                                                                    |

IFRS 19 Non-Public Interest Subsidiaries: Disclosures.
Issued in April 2024. This new standard establishes that an eligible subsidiary applies the requirements of other IFRS Accounting
Standards, except for the disclosure requirements, and instead may apply the reduced disclosure requirements of IFRS