United Breweries Files 6-K, Details Financial Position

TL;DR

**United Breweries just dropped a 6-K with their year-end financial position, confirming 20-F annual reports.**

AI Summary

UNITED BREWERIES COMPANY, INC. (Compañía Cervecerías Unidas S.A.) filed a 6-K report on February 29, 2024, for the period ending December 31, 2023. This filing, under the Securities Exchange Act of 1934, indicates the company's intent to file annual reports under Form 20-F. The report includes an index for its Consolidated Statement of Financial Position, covering both assets and liabilities.

Why It Matters

This filing provides a snapshot of the company's financial health at the end of 2023, offering transparency to investors regarding its assets and liabilities.

Risk Assessment

Risk Level: low — This is a routine regulatory filing providing standard financial position information, not indicating any immediate new risks.

Key Players & Entities

• UNITED BREWERIES CO INC (company) — Registrant
• Compañía Cervecerías Unidas S.A. (company) — Exact name of Registrant
• February 29, 2024 (date) — Filing date
• December 31, 2023 (date) — Conformed period of report
• Republic of Chile (company) — Jurisdiction of incorporation

FAQ

Filing Documents

• ccufs4q23_6k.htm (6-K) — 5106KB
• ccufs20236k_001.jpg (GRAPHIC) — 37KB
• ccufs20236k_002.jpg (GRAPHIC) — 3KB
• 0001292814-24-000617.txt ( ) — 5161KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 COMPAA CERVECERAS UNIDAS S.A. (Exact name of Registrant as specified in its charter) UNITED BREWERIES COMPANY, INC. (Translation of Registrant's name into English) Republic of Chile (Jurisdiction of incorporation or organization) Vitacura 2670, 23 rd floor, Santiago, Chile (Address of principal executive offices) _________________________________________ Securities registered or to be registered pursuant to section 12(b) of the Act. Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F ___ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ___ No X INDEX CONSOLIDATED STATEMENT OF FINANCIAL POSITION (ASSETS) 6 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (LIABILITIES AND EQUITY) 7 CONSOLIDATED STATEMENT OF INCOME 8 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 9 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 10 CONSOLIDATED STATEMENT OF CASH FLOW 11 Note 1 General Information 12 Note 2 Summary of significant accounting policies 24 2.1 Basis of preparation 24 2.2 Basis of consolidation 25 2.3 Financial information as per operating segments 26 2.4 Foreign currency and adjustment units 26 2.5 Cash and cash equivalents 28 2.6 Other financial assets 28 2.7 Financial instruments 28 2.8 Financial asset impairment 31 2.9 Inventories 31 2.10 Current biological assets 32 2.11 Other non-financial assets 32 2.12 Property, plant and equipment 32 2.13 Leases 33 2.14 Investment properties assets 33 2.15 Intangible assets other than goodwill 33 2.16 Goodwill 34 2.17 Impairment of non-financial assets other than goodwill 34 2.18 Non-current assets of disposal groups classified as held for sale 34 2.19 Income taxes 35 2.20 Employees benefits 35 2.21 Provisions 36 2.22 Revenue recognition 36 2.23 Commercial agreements with distributors and supermarket chains 36 2.24 Cost of sales of products 37 2.25 Other incomes by function 37 2.26 Other expenses by function 37 2.27 Distribution expenses 37 2.28 Administrative expenses 37 2.29 Environment liabilities 37 Note 3 Estimates and application of professional judgment 38 Note 4 Accounting changes 38 Note 5 Risk Administration 39 Note 6 Financial Information as per operating segments 45 Note 7 Financial Instruments 51 Note 8 Cash and cash equivalents 58 Note 9 Other non-financial assets 65 Note 10 Trade and other receivables 66 Note 11 Accounts and transactions with related parties 69 Note 12 Inventories 78 Note 13 Biological assets 79 Note 14 Non-current assets of disposal groups classified as held for sale 80 Note 15 Business Combinations 81 Note 16 Investments accounted for using equity method 81 Note 17 Intangible assets other than goodwill 85 Note 18 Goodwill 87 Note 19 Property, plant and equipment 90 Note 20 Investment Property 92 Note 21 Other financial liabilities 93 Note 22 Right of use assets and Lease liabilities 112 Note 23 Trade and other current payables 119 Note 24 Other provisions 119 Note 25 Income taxes 120 Note 26 Employee Benefits 123 Note 27 Other non-financial liabilities 126 Note 28 Common Shareholders' Equity 127 Note 29 Non-controlling Interests 131 Note 30 Nature of cost and expense 133 Note 31 Other incomes by function 133 Note 32 Other Gains (Losses) 134 Note 33 Financial results 134 Note 34 Effects of changes in currency exchange rate 135 Note 35 Contingencies and Commitments 139 Note 36 Subsequent Events 144 Table of Contents Compañía Cervecerías Unidas S.A. and subsidiaries Consolidated Statements of Financial Position (Figures expressed in thousands of Chilean pesos) CONSOLIDATED ASSETS Notes As of December 31, 2023 As of December 31, 2022 ThCh$ ThCh$ Current assets Cash and cash equivalents 8 618,154,016 597,081,675 Others financial assets 7 7,440,650 45,657,992 Others non-financial assets 9 29,674,705 22,037,741 Trade and other current receivables 10 446,486,753 445,263,536 Accounts receivable from related parties 11 9,040,528 6,204,099 Inventories 12 425,728,432 480,799,534 Biological assets 13 14,764,284 16,180,293 Current tax assets 25 28,786,247 46,707,525 Total current assets other than non-current assets of disposal groups classified as held for sale 1,580,075,615 1,659,932,395 Non-current assets of disposal groups classified as held for sale 14 21,607,472 2,016,037

View Full Filing

View this 6-K filing on SEC EDGAR