Form 20-F
☑
|
|
Form 40 F
☐
|
|
Cencosud S.A.
|
|
|
|
|
|
|
Date: June 30,
2017
|
By:
|
/s/
Sebasti
á
n Rivera
Mart
i
nez
|
|
|
|
Name:
Sebasti
á
n Rivera
Mart
i
nez
|
|
|
|
Title: Legal
Manager
|
|
|
|
|
|
|
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
2
|
|
|
Unaudited Condensed
Consolidated Interim Financial Statements as of and for the
three-month period ended March 31, 2017
|
F-1
|
|
Three-month
period ended March 31,
|
|
|
|
2017
|
2016
|
%
Change
|
|
(in
millions of Ch$)
|
|
|
Revenues
from ordinary activities:
|
|
|
|
Supermarkets
|
1,814,359
|
1,813,974
|
0.02
%
|
Home improvement
stores
|
331,757
|
324,369
|
2.3
%
|
Department
stores
|
262,800
|
247,215
|
6.3
%
|
Shopping
centers
|
59,483
|
54,004
|
10.1
%
|
Financial
services
|
53,159
|
39,733
|
33.8
%
|
Other
|
2,005
|
2,589
|
(22.6
)%
|
Total
revenues from ordinary activities
|
2,523,563
|
2,481,884
|
1.7
%
|
|
|
|
|
Cost
of sales:
|
|
|
|
Supermarkets
|
(1,346,627
)
|
(1,350,118
)
|
(0.3
)%
|
Home improvement
stores
|
(224,463
)
|
(215,805
)
|
4.0
%
|
Department
stores
|
(186,774
)
|
(179,513
)
|
4.0
%
|
Shopping
centers
|
(6,791
)
|
(5,556
)
|
22.2
%
|
Financial
services
|
(20,845
)
|
(13,256
)
|
57.2
%
|
Other
|
(422
)
|
(1,059
)
|
(60.2
)%
|
Total
cost of
sales
|
(1,785,921
)
|
(1,765,307
)
|
1.2
%
|
|
|
|
|
Gross
profit:
|
|
|
|
Supermarkets
|
467,732
|
463,856
|
0.8
%
|
Home improvement
stores
|
107,295
|
108,564
|
(1.2
)%
|
Department
stores
|
76,025
|
67,703
|
12.3
%
|
Shopping
centers
|
52,693
|
48,448
|
8.8
%
|
Financial
services
|
32,314
|
26,478
|
22.0
%
|
Other
|
1,584
|
1,530
|
3.5
%
|
Total
gross
profit
|
737,642
|
716,577
|
2.9
%
|
|
|
|
|
Administrative
expenses, distribution costs and other expenses
|
(631,209
)
|
(584,489
)
|
8.0
%
|
Other income by
function
|
29,472
|
40,774
|
(27.7
)%
|
Participation in
profit or loss of equity method associates
|
4,509
|
2,860
|
57.7
%
|
Financial
income
|
4,044
|
3,841
|
5.3
%
|
Financial
expenses
|
(66,618
)
|
(69,323
)
|
3.9
%
|
Other gain
(losses),
net
|
(2,678
)
|
(3,463
)
|
22.7
%
|
Exchange
differences
|
31,616
|
38,526
|
(17.9
)%
|
Losses from
indexation
|
(2,786
)
|
(3,468
)
|
19.7
%
|
Profit
before
taxes
|
103,992
|
141,834
|
(26.7
)%
|
Income tax
expense
|
(35,915
)
|
(32,805
)
|
9.5
%
|
Profit
|
68,077
|
109,029
|
(37.6
)%
|
Profit attributable
to non-controlling
shareholders
|
(910
)
|
1,347
|
(167.6
)%
|
Profit attributable
to controlling
shareholders
|
67,167
|
107,682
|
(37.6
)%
|
|
As of March
31,
|
As of December
31,
|
|
2017
|
2016
|
Reconciliation
of Total Financial Liabilities to Net Financial Debt
|
(in millions of Ch$)
|
|
Total
Financial Liabilities
|
3,312,084
|
3,324,347
|
Less: Total cash
and cash equivalents
|
(210,730
)
|
(275,219
)
|
Less: Total other
financial assets, current and non-current
|
(395,865
)
|
(507,349
)
|
Less: Total other
financial liabilities from Banco Paris and Banco Peru
|
(99,201
)
|
(110,011
)
|
Plus: Cash and cash
equivalents from Banco Paris and Banco Peru
|
34,152
|
32,373
|
Plus: Total other
fiancial assets from Banco Paris and Banco Peru, current and
non-current
|
-
|
28,634
|
Net
Financial Debt
|
2,640,439
|
2,492,776
|
|
Currency
|
Amount Outstanding
(in U.S.$)
|
Maturity Date
|
Amount Outstanding
(in Ch$ Th)
|
Banks:
|
|
|
|
|
Chile
|
|
|
|
|
BCI
|
CLP
|
1,468,778
|
N/A *
|
975,225
|
SCOTIABANK
|
USD
|
33,746,691
|
10-23-2017
|
22,406,790
|
RABOBANK
|
USD
|
30,576,156
|
10-04-2018
|
20,301,650
|
MIZUHO
BANK
|
USD
|
33,346,425
|
03-27-2019
|
22,141,026
|
SANTANDER
CHILE
|
CLP
|
75,764,491
|
03-29-2019
|
50,305,349
|
SUMITOMO
|
USD
|
50,646,945
|
04-01-2019
|
33,628,052
|
BANCO
ESTADO
|
CLP
|
60,238,021
|
06-28-2019
|
39,996,239
|
RABOBANK
|
USD
|
50,021,002
|
03-262020
|
33,212,445
|
BBVA
CHILE
|
CLP
|
53,093,632
|
02-02-2021
|
35,252,579
|
|
|
|
|
|
Total Chile
|
|
388,902,141
|
|
258,219,355
|
|
|
|
|
|
Peru
|
|
-
|
|
|
Total Peru
|
|
-
|
|
-
|
|
|
|
|
|
Brazil
|
|
|
|
|
HSBC
BRASIL
|
BRL
|
14,857,210
|
N/A *
|
9,864,742
|
SAFRA
|
BRL
|
9,110,413
|
N/A *
|
6,049,041
|
BANCO
ITAU
|
USD
|
16,349,146
|
05-02-2017
|
10,855,342
|
HSBC
BRASIL
|
USD
|
13,190,116
|
04-04-2017
|
8,757,841
|
BANK
OF AMERICA
|
USD
|
60,046,783
|
12-21-2017
|
39,869,263
|
BANCO
NORDESTE
|
BRL
|
910,529
|
12-16-2018
|
604,564
|
SANTANDER
BR
|
BRL
|
206,653
|
12-16-2019
|
137,211
|
SANTANDER
BR
|
BRL
|
61,600
|
12-16-2019
|
40,901
|
Total Brazil
|
|
114,732,450
|
|
76,178,905
|
|
|
|
|
|
Argentina
|
|
|
|
|
BANCO
GALICIA
|
ARS
|
33,671,784
|
N/A *
|
22,357,054
|
BBVA
|
ARS
|
32,977,362
|
N/A *
|
21,895,979
|
BANCO
CIUDAD AR
|
ARS
|
15,612,863
|
N/A *
|
10,366,473
|
MACRO
|
ARS
|
29,271,215
|
N/A *
|
19,435,209
|
ICBC
ARGENTINA
|
ARS
|
6,287,021
|
N/A *
|
4,174,393
|
HSBC
ARGENTINA
|
ARS
|
32,528,586
|
N/A *
|
21,598,005
|
Total Argentina
|
|
150,348,831
|
|
99,827,113
|
|
|
|
|
|
Colombia
|
|
-
|
|
-
|
Total Colombia
|
|
-
|
|
-
|
|
|
|
|
|
Bonds:
|
|
|
|
|
Incabond 2
|
PEN
|
40,397,737
|
08-12-2017
|
26,822,885
|
Incabond 1
|
PEN
|
88,626,993
|
05-05-2018
|
58,845,665
|
Bcenc-E
|
CLF
|
81,310,418
|
05-07-2018
|
53,987,678
|
Reg
S/144A 2021
|
USD
|
758,135,417
|
01-20-2021
|
503,379,173
|
Bcenc-P
|
CLP
|
80,231,407
|
11-07-2022
|
53,271,247
|
Reg
S/144A 2023
|
USD
|
1,211,537,500
|
01-20-2023
|
804,424,554
|
Reg
S/144A 2025
|
USD
|
654,556,319
|
02-12-2025
|
434,605,759
|
Jumbo
B
|
CLF
|
71,890,827
|
09-01-2026
|
47,733,352
|
Bcenc-F
|
CLF
|
183,302,833
|
05-07-2028
|
121,707,582
|
Bcenc-J
|
CLF
|
123,413,974
|
10-15-2029
|
81,943,176
|
Bcenc-N
|
CLF
|
183,308,360
|
05-28-2030
|
121,711,252
|
Bcenc-O
|
CLP
|
83,673,430
|
06-01-2031
|
55,556,647
|
Bcenc-R
|
CLF
|
202,644,251
|
11-07-2041
|
134,549,703
|
Reg
S/144A 2045
|
USD
|
353,156,076
|
02-12-2045
|
234,485,040
|
Total Bonds
|
|
4,116,185,542
|
|
2,733,023,714
|
|
As of
March 31,
|
|
|
2017
|
2016
|
|
(in millions of Ch$)
|
|
Capital
expenditures
(1)
|
42,461
|
41,890
|
Permanent
investments
(2)
|
—
|
—
|
Total
|
42,461
|
41,890
|
|
Less than One Year
|
One to Three Years
|
Three to Five Years
|
Thereafter
|
Total
|
|
(in millions of
$)
|
||||
Long-term
debt obligations
(1)
|
0
|
590,756
|
784,665
|
2,635,142
|
4,010,563
|
Short-term debt obligations
(1)
|
474,601
|
0
|
0
|
0
|
474,601
|
Time
deposits and other Bank Balances
|
54,497
|
44,714
|
0
|
0
|
99,210
|
Leases
obligations and other financial liabilities
|
169,372
|
585,978
|
1,005,708
|
11,812
|
1,772,870
|
Commercial
loans
|
1,790,351
|
4,154
|
0
|
0
|
1,794,505
|
Tax
Liabilities
|
0
|
0
|
0
|
0
|
0
|
Other
financial liabilities Option (2)
|
2,401
|
0
|
0
|
0
|
2,401
|
Total
|
2,491,222
|
1,225,602
|
1,790,373
|
2,646,954
|
8,154,150
|
Statement of
changes innet equity ThCh$
|
Paid-incapital
|
Share
premium
|
Revaluation surplus
reserves
|
Translationr
eserves
|
Hedge
reserves
|
Employee benefit
reserves
|
Share based
payments reserves
|
Other
reserves
|
Total
reserves
|
Retained
earnings
|
Equity attributable
to parent company shareholders
|
Non-controlling
interest
|
Total
equity
|
Opening balance as of
January 1, 2017
|
2,420,564,735
|
461,302,097
|
14,252,148
|
(1,250,381,663
)
|
(22,078,872
)
|
(1,120,048
)
|
26,949,962
|
(53,638,633
)
|
(1,286,017,106
)
|
2,489,410,413
|
4,085,260,139
|
(1,208,404
)
|
4,084,051,735
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in
equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net profit
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
67,167,284
|
67,167,284
|
910,052
|
68,077,336
|
Other comprehensive (loss)
profit
|
-
|
-
|
-
|
82,040,201
|
(11,832,666
)
|
-
|
-
|
-
|
70,207,535
|
-
|
70,207,535
|
(23,195
)
|
70,184,340
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Comprehensive (loss)
profit
|
-
|
-
|
-
|
82,040,201
|
(11,832,666
)
|
-
|
-
|
-
|
70,207,535
|
67,167,284
|
137,374,819
|
886,857
|
138,261,676
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share
issuance
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividends
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(14,380,562
)
|
(14,380,562
)
|
-
|
(14,380,562
)
|
Stock option (see Note
20)
|
-
|
-
|
-
|
-
|
-
|
-
|
1,096,628
|
-
|
1,096,628
|
-
|
1,096,628
|
-
|
1,096,628
|
Decrease due to changes in ownership
interest without a loss of control
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
11
|
11
|
-
|
11
|
-
|
11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total transactions with
owners
|
-
|
-
|
-
|
-
|
-
|
-
|
1,096,628
|
11
|
1,096,639
|
(14,380,562
)
|
(13,283,923
)
|
-
|
(13,283,923
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Changes in
equity
|
-
|
-
|
-
|
82,040,201
|
(11,832,666
)
|
-
|
1,096,628
|
11
|
71,304,174
|
52,786,722
|
124,090,896
|
886,857
|
124,977,753
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, as of March 31,
2017
|
2,420,564,735
|
461,302,097
|
14,252,148
|
(1,168,341,462
)
|
(33,911,538
)
|
(1,120,048
)
|
28,046,590
|
(53,638,622
)
|
(1,214,712,932
)
|
2,542,197,135
|
4,209,351,035
|
(321,547
)
|
4,209,029,488
|
Statement of
changes innet equity ThCh$
|
Paid-incapital
|
Share
premium
|
Revaluation surplus
reserves
|
Translation
reserves
|
Hedge
reserves
|
Employee benefit
reserves
|
Share based
payments reserves
|
Other
reserves
|
Total
reserves
|
Retained
earnings
|
Equity attributable
to parent company shareholders
|
Non-controlling
interest
|
Total
equity
|
Opening balance as of
January 1, 2016
|
2,321,380,936
|
526,633,344
|
-
|
(1,187,109,821
)
|
14,859,584
|
(229,427
)
|
19,276,599
|
(52,476,934
)
|
(1,205,679,999
)
|
2,329,411,478
|
3,971,745,759
|
(933,941
)
|
3,970,811,818
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in
equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net profit
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
107,681,808
|
107,681,808
|
1,347,029
|
109,028,837
|
Other comprehensive (loss)
profit
|
-
|
-
|
-
|
(92,209,621
)
|
(100,682
)
|
-
|
-
|
-
|
(92,310,303
)
|
-
|
(92,310,303
)
|
(251,952
)
|
(92,562,255
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Comprehensive (loss)
profit
|
-
|
-
|
-
|
(92,209,621
)
|
(100,682
)
|
-
|
-
|
-
|
(92,310,303
)
|
107,681,808
|
15,371,505
|
1,095,077
|
16,466,582
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share
issuance
|
48,837,899
|
(35,102,239
)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
13,735,660
|
-
|
13,735,660
|
Dividends
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(24,151,239
)
|
(24,151,239
)
|
-
|
(24,151,239
)
|
Stock option (see Note
20)
|
-
|
-
|
-
|
-
|
-
|
-
|
3,739,726
|
-
|
3,739,726
|
-
|
3,739,726
|
-
|
3,739,726
|
Decrease due to changes in ownership
interest without a loss of control
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,161,699
)
|
(1,161,699
)
|
-
|
(1,161,699
)
|
(52,597
)
|
(1,214,296
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total transactions with
owners
|
48,837,899
|
(35,102,239
)
|
-
|
-
|
-
|
-
|
3,739,726
|
(1,161,699
)
|
2,578,027
|
(24,151,239
)
|
(7,837,552
)
|
(52,597
)
|
(7,890,149
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Changes in
equity
|
48,837,899
|
(35,102,239
)
|
-
|
(92,209,621
)
|
(100,682
)
|
-
|
3,739,726
|
(1,161,699
)
|
(89,732,276
)
|
83,530,569
|
7,533,953
|
1,042,480
|
8,576,433
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, as of March 31,
2016
|
2,370,218,835
|
491,531,105
|
-
|
(1,279,319,442
)
|
14,758,902
|
(229,427
)
|
23,016,325
|
(53,638,633
)
|
(1,295,412,275
)
|
2,412,942,047
|
3,979,279,712
|
108,539
|
3,979,388,251
|
Major
shareholders as of March 31, 2017
|
Shares
|
Interest
|
|
|
%
|
Inversiones
Quinchamali Limitada
|
573,754,802
|
20.044
%
|
Inversiones Latadia
Limitada
|
550,823,211
|
19.243
%
|
Inversiones Tano
Limitada
|
287,328,548
|
10.038
%
|
Banco de Chile on
behalf of third parties
|
190,547,411
|
6.657
%
|
Banco Itau on
behalf of investors
|
158,753,528
|
5.546
%
|
Provida C Pension
Fund
|
75,326,810
|
2.632
%
|
Horst Paulmann
Kemna
|
70,336,573
|
2.457
%
|
Banco Santander -
JP Morgan
|
59,184,339
|
2.068
%
|
Fondo de Pensiones
Habitat C
|
54,606,787
|
1.908
%
|
Capital C Pension
Fund
|
50,153,631
|
1.752
%
|
Cuprum C Pension
Fund
|
45,557,640
|
1.592
%
|
Provida B Pension
Fund
|
43,323,908
|
1.514
%
|
Other
shareholders
|
702,839,759
|
24.553
%
|
|
|
|
Total
|
2,862,536,947
|
100.000
%
|
Standards and
interpretations
|
Description
|
Application for
annual periods beginning on or after:
|
IFRS 9
“Financial Instruments”
|
The complete
version of IFRS 9 replaces most of the guidance in IAS 39. IFRS 9
retains but simplifies the mixed measurement model and establishes
three primary measurement categories for financial assets. There is
now a new expected credit losses model that replaces the incurred
loss impairment model used in IAS 39.
|
01-01-2018
|
IFRS 15
“Revenue from Contracts with Customers”
|
This standard
defines a new model to recognize revenue from contracts with
costumers. The standard deals with revenue recognition and
establishes principles for reporting useful information to users of
financial statements about the nature, amount, timing and
uncertainty of revenue and cash flows arising from an
entity’s contracts with customers. Revenue is recognized when
a customer obtains control of a good or service and thus has the
ability to direct the use and obtain the benefits from the good or
service. The standard replaces IAS 18 ‘Revenue’ and IAS
11 ‘Construction contracts’ and related
interpretations.
|
01-01-2018
|
IFRS 16
“Leases”
|
Specifies how an
IFRS reporter will recognise, measure, present and disclose leases.
The new standard brings most leases on-balance sheet for lessees
under a single model, eliminating the distinction between operating
and finance leases. Lessor accounting however remains largely
unchanged and the distinction between operating and finance leases
is retained. The standard also provides a single lessee accounting
model, requiring lessees to recognise assets and liabilities for
all leases unless the lease term is 12 months or less or the
underlying asset has a low value.
|
01-01-2019
|
IFRIC 22 —
Foreign Currency Transactions and Advance
Consideration
|
IFRIC 22 clarifies
the accounting for transactions that include the receipt or payment
of advance consideration in a foreign currency.
|
01-01-2018
|
Amandments and
improvements
|
Description
|
Application for
annual periods beginning on or after:
|
Amendment to IFRS 2
— Share-based Payment
|
The amendments to
IFRS 2 clarify the classification and measurement of share-based
payment transactions. The amendments address several requests that
the IASB and the IFRS Interpretations Committee received and that
the IASB decided to deal with in one combined narrow-scope
project.
|
01-01-2018
|
Amendment to IFRS
15 — Revenue from Contracts with Customers
|
The amendments in
Clarifications to IFRS 15 'Revenue from Contracts with Customers'
address three of the five topics identified (identifying
performance obligations, principal versus agent considerations, and
licensing) and provide some transition relief for modified
contracts and completed contracts. The IASB concluded that it was
not necessary to amend IFRS 15 with respect to collectability or
measuring non-cash consideration. In all its decisions, the IASB
considered the need to balance helping entities with implementing
IFRS 15 and not disrupting the implementation process.
|
01-01-2018
|
Amendment to IAS 40
— Investment Property
|
The amendment
provides guidance on transfers to, or from, investment properties.
More specifically, the question was whether a property under
construction or development that was previously classified as
inventory could be transferred to investment property when there
was an evident change in use.
|
01-01-2018
|
Amendment to IFRS
12 — Disclosure of Interests in Other Entities
|
The amendment
clarifies the scope of the standard by specifying that the
disclosure requirements in the standard, except for those in
paragraphs B10–B16, apply to an entity’s interests
listed in paragraph 5 that are classified as held for sale, as held
for distribution or as discontinued operations in accordance with
IFRS 5 Non-current Assets Held for Sale and Discontinued
Operations
|
01-01-2018
|
Amendment to IAS 28
— Investments in Associates and Joint Ventures
(2011)
|
The amendment
clarifies that the election to measure at fair value through profit
or loss an investment in an associate or a joint venture that is
held by an entity that is a venture capital organisation, or other
qualifying entity, is available for each investment in an associate
or joint venture on an investment-by-investment basis, upon initial
recognition
|
01-01-2018
|
Amendment to IFRS
10 — Consolidated Financial Statements
|
The IASB has made
limited scope amendments to IFRS 10 Consolidated financial
statements and IAS 28 Investments in associates and joint
ventures.
The amendments
clarify the accounting treatment for sales or contribution of
assets between an investor and its associates or joint ventures.
They confirm that the accounting treatment depends on whether the
non-monetary assets sold or contributed to an associate or joint
venture constitute a ‘business’ (as defined in IFRS 3
Business Combinations).
Where the
non-monetary assets constitute a business, the investor will
recognise the full gain or loss on the sale or contribution of
assets. If the assets do not meet the definition of a business, the
gain or loss is recognised by the investor only to the extent of
the other investor’s investors in the associate or joint
venture. The amendments apply prospectively.
** In December the
IASB decided to defer the application date of this amendment until
such time as the IASB has finalised its research project on the
equity method.
|
N/A**
|
|
|
|
|
Valuation
method
|
Amortized
|
|
||||
Classification
|
Group
|
Type
|
|
Value
|
Level I
|
Level II
|
Level III
|
cost
|
|
|
|
|
|
|
ThCh$
|
%
|
%
|
%
|
%
|
|
|
At fair value through profit or
loss
|
Mutual
funds
|
Mutual
funds
|
|
106,873,757
|
100%
|
-
|
-
|
-
|
|
|
|
Other financial
Instruments
|
Highly liquid financial
instruments
|
|
28,849,230
|
100%
|
-
|
-
|
-
|
|
|
|
|
Other financial
investments
|
|
255,539
|
100%
|
-
|
-
|
-
|
|
|
Loans and trade
receivables, net
|
Cash and cash
equivalents
|
Cash
balances
|
|
36,243,319
|
-
|
-
|
-
|
100%
|
|
|
|
|
Bank
balances
|
|
119,425,033
|
-
|
-
|
-
|
100%
|
|
|
|
|
Short-term
deposits
|
|
55,062,128
|
-
|
-
|
-
|
100%
|
|
|
|
Receivables
|
Trade receivables,
net
|
|
826,371,883
|
-
|
-
|
-
|
100%
|
|
|
|
Receivables from related
entities
|
Related entities,
current
|
|
19,752,035
|
-
|
-
|
-
|
100%
|
|
|
Financial liabilities and
payables
|
Bank loans
|
Current
|
|
244,555,004
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
199,969,698
|
0.1%
|
-
|
-
|
99.9%
|
|
|
|
Bonds
payable
|
Current
|
|
109,291,538
|
-
|
-
|
-
|
100.0%
|
|
|
|
|
Non-Current
|
|
2,608,318,115
|
0.3%
|
-
|
-
|
99.7%
|
|
|
|
Other loans
(lease)
|
Current
|
|
2,701,004
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
19,253,821
|
-
|
-
|
-
|
100%
|
|
|
|
Deposits and saving
accounts
|
Current
|
|
54,496,733
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
44,713,727
|
-
|
-
|
-
|
100%
|
|
|
|
Debt purchase
affiliates
|
Non-Current
|
|
1,834,202
|
-
|
-
|
-
|
100%
|
|
|
|
Other financial
liabilities
|
Current
|
|
2,401,062
|
-
|
-
|
-
|
100%
|
|
|
|
Trade
payables
|
Current
|
|
1,575,117,514
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
191,783
|
-
|
-
|
-
|
100%
|
|
|
|
Withholding
taxes
|
Current
|
|
200,835,638
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
3,962,425
|
-
|
-
|
-
|
100%
|
|
|
|
Payables to related
entities
|
Current
|
|
14,397,527
|
-
|
-
|
-
|
100%
|
|
|
|
Other financial
liabilities
|
Forward
|
|
1,845,932
|
-
|
100%
|
-
|
-
|
|
|
Hedges
|
Hedging
derivatives
|
Cash flow hedging
liability
|
|
13,058,576
|
-
|
100%
|
-
|
-
|
|
|
|
|
Fair value hedging
liability
|
|
5,783,367
|
-
|
100%
|
-
|
-
|
|
|
|
|
Cash flow hedging
asset
|
|
241,515,051
|
-
|
100%
|
-
|
-
|
|
|
|
|
Fair value hedging
asset
|
|
18,370,994
|
-
|
100%
|
-
|
-
|
|
|
|
|
|
Valuation
method
|
Amortized
|
|
||||
Classification
|
Group
|
Type
|
|
Value
|
Level I
|
Level II
|
Level
III
|
cost
|
|
|
|
|
|
|
ThCh$
|
%
|
%
|
%
|
%
|
|
|
At fair value through
profit or loss
|
Mutual
funds
|
Mutual fund
shares
|
|
189,960,780
|
100%
|
-
|
-
|
-
|
|
|
|
Derivatives
|
Forward
|
|
1,398,557
|
-
|
100%
|
-
|
-
|
|
|
|
Other financial
Instrument
|
Highly liquid financial
instruments
|
|
28,629,285
|
100%
|
-
|
-
|
-
|
|
|
|
|
Financial investments
– long term
|
|
240,874
|
100%
|
-
|
-
|
-
|
|
|
Loans and trade
receivables, net
|
Cash and cash
equivalents
|
Cash
balances
|
|
52,646,980
|
-
|
-
|
-
|
100%
|
|
|
|
|
Bank
balances
|
|
135,282,148
|
-
|
-
|
-
|
100%
|
|
|
|
|
Short-term
deposits
|
|
87,289,875
|
-
|
-
|
-
|
100%
|
|
|
|
|
Trade receivables,
net
|
|
879,033,383
|
-
|
-
|
-
|
100%
|
|
|
|
Receivables from
related parties
|
Related parties,
current
|
|
28,988,176
|
-
|
-
|
-
|
100%
|
|
|
Financial liabilities
and payables
|
Bank
loans
|
Current
|
|
215,393,417
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
206,299,337
|
|
0.1%
|
-
|
99.9%
|
|
|
|
Bonds
payable
|
Current
|
|
127,530,284
|
-
|
-
|
-
|
100.0%
|
|
|
|
|
Non-Current
|
|
2,618,875,407
|
|
0.3%
|
-
|
99.7%
|
|
|
|
Other
loans (lease)
|
Current
|
|
2,713,893
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
19,256,643
|
-
|
-
|
-
|
100%
|
|
|
|
Deposits and saving
accounts
|
Current
|
|
56,128,948
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
45,030,033
|
-
|
-
|
-
|
100%
|
|
|
|
Debt purchase
affiliates
|
Non-Current
|
|
1,722,769
|
-
|
-
|
-
|
100%
|
|
|
|
Other financial
liabilities
|
Current
|
|
2,091,081
|
-
|
-
|
-
|
100%
|
|
|
|
Trade
payables
|
Current
|
|
1,726,983,368
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
191,397
|
-
|
-
|
-
|
100%
|
|
|
|
Withholding
taxes
|
Current
|
|
199,863,684
|
-
|
-
|
-
|
100%
|
|
|
|
|
Non-Current
|
|
4,612,328
|
-
|
-
|
-
|
100%
|
|
|
|
Payables to related
parties
|
Current
|
|
18,722,919
|
-
|
-
|
-
|
100%
|
|
|
Hedges
|
Hedging
derivatives
|
Cash flow hedging
liabilities
|
|
13,514,328
|
-
|
100%
|
-
|
-
|
|
|
|
|
Fair value hedging
liabilities
|
|
3,078,542
|
-
|
100%
|
-
|
-
|
|
|
|
|
Cash flow hedging
assets
|
|
264,820,710
|
-
|
100%
|
-
|
-
|
|
|
|
|
Fair value hedging
assets
|
|
22,299,090
|
-
|
100%
|
-
|
-
|
|
|
As
of
|
|
Borrowings
|
March
31,2017
|
December 31,2016
|
|
ThCh$
|
ThCh$
|
Current
|
354,152,386
|
338,155,386
|
Non-Current
|
2,857,234,092
|
2,893,489,541
|
Total
|
3,211,386,185
|
3,231,944,927
|
|
WACC
rate as of
|
|
Country
|
3/31/2017
|
12/31/2016
|
|
|
|
Chile
|
6.11
%
|
6.19
%
|
Argentina
|
12.17
%
|
12.27
%
|
Peru
|
6.66
%
|
6.75
%
|
Colombia
|
6.98
%
|
7.03
%
|
|
|
Payables to
related entities
|
Balance as
of
|
||||||
|
|
|
|
|
|
Current
|
Non
Current
|
||
Tax ID number
|
Company
|
Transaction
description
|
Transaction
term
|
Nature
of
relationship
|
Currency
|
3/31/2017
|
12/31/2016
|
3/31/2017
|
12/31/2016
|
ThCh$
|
ThCh$
|
ThCh$
|
|
||||||
-
|
Loyalti Del Perú
S.A.C.
|
Fund transfer
|
Current
|
Associate
|
Peruvian
New Sol
|
613,144
|
675,399
|
-
|
-
|
99.500.840-8
|
CAT Administradora de Tarjetas
S.A.
|
Trade payable
|
Current
|
Associate
|
Chilean Pesos
|
12,383,516
|
16,765,170
|
-
|
-
|
77.218.570-7
|
CAT Corredores de Seguros y
Servicios S.A.
|
Trade payable
|
Current
|
Associate
|
Chilean Pesos
|
734,410
|
243,112
|
-
|
-
|
76.388.146-6
|
Operadora de Procesos
S.A.
|
Trade payable
|
Current
|
Associate
|
Chilean Pesos
|
627,524
|
989,095
|
-
|
-
|
76.388.155-5
|
Servicios Integrales
S.A.
|
Trade payable
|
Current
|
Associate
|
Chilean Pesos
|
38,933
|
50,143
|
-
|
-
|
Total
|
|
|
|
|
|
14,397,527
|
18,722,919
|
-
|
-
|
Transactions
|
|||||||||
Tax ID Number
|
Company
|
Nature of
relationship
|
Transaction
description
|
Currency
|
Country
|
3/31/2017
|
Impact to profit
and loss (charge/credit)
|
3/31/2016
|
Impact to profit
and loss (charge/credit)
|
|
|
|
|
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
96.863.570-0
|
Inmobiliaria Mall Viña Del Mar
S.A.
|
Associate
|
Leases
paid
|
Chilean
pesos
|
Chile
|
-
|
-
|
890,000
|
(890,000
)
|
96.863.570-0
|
Inmobiliaria Mall Viña Del Mar
S.A.
|
Associate
|
Utilities
Paid
|
Chilean
pesos
|
Chile
|
-
|
-
|
571,626
|
(571,626
)
|
96.863.570-0
|
Inmobiliaria Mall Viña Del Mar
S.A.
|
Associate
|
Sale of
goods
|
Chilean
pesos
|
Chile
|
-
|
-
|
1,598
|
1,598
|
77.209.070-6
|
Viña Cousiño Macul S.A.
|
Common director
|
Merchandise
buying
|
Chilean pesos
|
Chile
|
79,332
|
(79,332
)
|
201,477
|
(201,477
)
|
92.147.000-2
|
Wenco
S.A.
|
Common director
|
Merchandise
buying
|
Chilean
pesos
|
Chile
|
858,021
|
(858,021
)
|
968,042
|
(968,042
)
|
92.147.000-2
|
Wenco
S.A.
|
Common director
|
Sale of
goods
|
Chilean
pesos
|
Chile
|
8,092
|
8,092
|
-
|
-
|
76.076.630-5
|
Maxi Kioskos Chile
S.A.
|
Company’s Director
|
Leases
collected
|
Chilean
pesos
|
Chile
|
209,119
|
209,119
|
128,891
|
128,891
|
76.076.630-5
|
Maxi Kioskos Chile
S.A.
|
Company’s Director
|
Utilities
collected
|
Chilean
pesos
|
Chile
|
85,068
|
85,068
|
1,595
|
1,595
|
78.410.320-K
|
Imp y Comercial Regen
Ltda.
|
Company’s Director
|
Merchandise buying
|
Chilean
pesos
|
Chile
|
61,901
|
(61,901
)
|
43,403
|
(43,403
)
|
78.410.320-K
|
Imp Y Comercial Regen
Ltda.
|
Company’s Director
|
Leases
collected
|
Chilean
pesos
|
Chile
|
68,639
|
68,639
|
78,242
|
78,242
|
78.410.320-K
|
Imp Y Comercial Regen
Ltda.
|
Company’s Director
|
Sale of
goods
|
Chilean
pesos
|
Chile
|
7,269
|
7,269
|
7,991
|
7,991
|
78.410.320-K
|
Imp Y Comercial Regen
Ltda.
|
Company’s Director
|
Common expenses
collected
|
Chilean
pesos
|
Chile
|
24,072
|
24,072
|
-
|
-
|
79.595.200-4
|
Adelco Santiago
Ltda
|
Company, director
relationship
|
Goods
purchases
|
Chilean
pesos
|
Chile
|
6,770
|
6,770
|
7,931
|
(7,931
)
|
88.983.600-8
|
Teleductos
S.A.
|
Common director
|
Leas
collected
|
Chilean
pesos
|
Chile
|
10,913
|
10,913
|
12,645
|
12,645
|
88.983.600-8
|
Teleductos
S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
111,172
|
(111,172
)
|
332,918
|
(332,918
)
|
92.491.000-3
|
Labsa Inversiones
Ltda.
|
Company, director
relationship
|
Leases
paid
|
Chilean
pesos
|
Chile
|
111,973
|
(111,973
)
|
151,546
|
(151,546
)
|
93.737.000-8
|
Manquehue Net
S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
2,084
|
(2,084
)
|
5,737
|
(5,737
)
|
96.566.940-K
|
Agencias Universales
S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
9,916
|
(9,916
)
|
1,672
|
(1,672
)
|
96.566.940-K
|
Agencias Universales
S.A.
|
Common director
|
Sale of
goods
|
Chilean
pesos
|
Chile
|
5,622
|
5,622
|
1,981
|
1,981
|
92.580.000-7
|
Empresa Nacional de
Telecomunicaciones S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
134,541
|
(134,541
)
|
111,976
|
(111,976
)
|
92.580.000-7
|
Empresa Nacional de
Telecomunicaciones S.A.
|
Common director
|
Leas
collected
|
Chilean
pesos
|
Chile
|
24,279
|
24,279
|
-
|
-
|
90.193.000-7
|
Empresa El
Mercurio.S.A.P.
|
Common director
|
Leases
paid
|
Chilean
pesos
|
Chile
|
9,915
|
9,915
|
-
|
-
|
90.193.000-7
|
Empresa El
Mercurio.S.A.P.
|
Common director
|
Common expenses
collected
|
Chilean
pesos
|
Chile
|
1,558
|
1,558
|
-
|
-
|
90.193.000-7
|
Empresa El
Mercurio.S.A.P.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
20,623
|
20,623
|
21,062
|
21,062
|
90.193.000-7
|
Empresa El
Mercurio.S.A.P.
|
Common director
|
Services
received
|
Chilean
pesos
|
Chile
|
698,760
|
(698,760
)
|
477,292
|
(477,292
)
|
96.628.870-1
|
Entel Telefon’a Local
S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
-
|
-
|
4,580
|
(4,580
)
|
96.806.980-2
|
Entel PCS Telecomunicaciones
S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
103,378
|
(103,378
)
|
135,207
|
(135,207
)
|
96.806.980-2
|
Entel PCS Telecomunicaciones
S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
830,779
|
(830,779
)
|
839,994
|
(839,994
)
|
96.806.980-2
|
Entel PCS Telecomunicaciones
S.A.
|
Common director
|
Lease
collected
|
Chilean
pesos
|
Chile
|
331,734
|
331,734
|
470,902
|
470,902
|
96.806.980-2
|
Entel PCS Telecomunicaciones
S.A.
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
48,162
|
48,162
|
40,723
|
40,723
|
96.566.940-K
|
Cia Nacional de
Telefonos,Telefònica del Sur S.A
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
269
|
(269
)
|
321
|
(321
)
|
96.628.870-1
|
Industria Productos Alimenticios
S.A.
|
Common director
|
Merchandise
buying
|
Chilean
pesos
|
Chile
|
314,246
|
(314,246
)
|
166,630
|
(166,630
)
|
79.675.370-5
|
Assets- Chile
S.A
|
Common director
|
Sale of
goods
|
Chilean
pesos
|
Chile
|
-
|
-
|
1,425
|
1,425
|
70.649.100-7
|
Centros de Estudios
Pùblicos
|
Company, director
relationship
|
Services
provided
|
Chilean
pesos
|
Chile
|
-
|
-
|
162
|
(162
)
|
O-E
|
JetAviation Flight Services
Inc.
|
Company, director
relationship
|
Services
provided
|
US Dollar
|
Chile
|
293,124
|
(293,124
)
|
229,256
|
(229,256
)
|
92434000
|
Besalco
S.A
|
Common director
|
Services
provided
|
Chilean
pesos
|
Chile
|
73
|
(73
)
|
-
|
-
|
88.417.000-1
|
Sky Airline
S.A.
|
Company, director
relationship
|
Leases
collected
|
Chilean
pesos
|
Chile
|
-
|
-
|
5,682
|
5,682
|
99.500.840-8
|
CAT Administradora de Tarjetas
S.A.
|
Associate
|
Financial retail
income
|
Chilean
pesos
|
Chile
|
4,741,908
|
4,741,908
|
4,801,441
|
4,801,441
|
99.500.840-8
|
CAT Administradora de Tarjetas
S.A.
|
Associate
|
Cencosud Card
sales
|
Chilean
pesos
|
Chile
|
165,074,450
|
-
|
172,252,029
|
-
|
99.500.840-8
|
CAT Administradora de Tarjetas
S.A.
|
Associate
|
Statements
collection
|
Chilean
pesos
|
Chile
|
279,590,192
|
-
|
249,284,855
|
-
|
99.500.840-8
|
CAT Administradora de Tarjetas
S.A.
|
Associate
|
Leases
collected
|
Chilean
pesos
|
Chile
|
4,113
|
4,113
|
50,269
|
50,269
|
99.500.840-8
|
CAT Administradora de Tarjetas
S.A.
|
Associate
|
Gift Cards
buying
|
Chilean
pesos
|
Chile
|
3,133
|
3,133
|
186,725
|
186,725
|
77.218.570-7
|
CAT Corredores de Seguros y
Servicios S.A.
|
Associate
|
Gift Cards
buying
|
Chilean
pesos
|
Chile
|
20,738
|
20,738
|
14,925
|
14,925
|
77.218.570-7
|
CAT Corredores de Seguros y
Servicios S.A.
|
Associate
|
Merchandise
buying
|
Chilean
pesos
|
Chile
|
210,886
|
210,886
|
83,602
|
83,602
|
77.218.570-7
|
CAT Corredores de Seguros y
Servicios S.A.
|
Associate
|
Financial retail
income
|
Chilean
pesos
|
Chile
|
22,145
|
22,145
|
47,883
|
47,883
|
76.388.155-5
|
Servicios Integrales
S.A.
|
Associate
|
Merchandise
buying
|
Chilean
pesos
|
Chile
|
-
|
-
|
3,053
|
3,053
|
76.388.155-5
|
Servicios Integrales
S.A.
|
Associate
|
Gift Cards
buying
|
Chilean
pesos
|
Chile
|
-
|
-
|
28,970
|
28,970
|
76.388.155-5
|
Servicios Integrales
S.A.
|
Associate
|
Financial retail
income
|
Chilean
pesos
|
Chile
|
22,145
|
22,145
|
47,883
|
47,883
|
76.388.146-6
|
Operadora de Procesos
S.A.
|
Associate
|
Commissions
payment
|
Chilean
pesos
|
Chile
|
1,447,413
|
(1,447,413
)
|
1,553,213
|
(1,553,213
)
|
76.388.146-6
|
Operadora de Procesos
S.A.
|
Associate
|
Financial retail
income
|
Chilean
pesos
|
Chile
|
1,694,282
|
1,694,282
|
1,982,086
|
1,982,086
|
Board of
directors
|
Role
|
Profession
|
Horst Paulmann
Kemna
|
Chairman
|
Businessman
|
Heike Paulmann
Koepfer
|
Director
|
Commercial
Engineer
|
Peter Paulmann
Koepfer
|
Director
|
Commercial
Engineer
|
Roberto Oscar
Phillips
|
Director
|
National Public
Accountant
|
Cristián
Eyzaguirre Johnston
|
Director
|
Economist
|
Richard Büchi
Buc
|
Director
|
Civil
Engineer
|
David Gallagher
Patrickson
|
Director
|
Businessman
|
Julio Moura
Neto
|
Director
|
Engineer
|
Mario Valcarce
Durán
|
Director
|
Commercial
Engineer
|
Name
|
Role
|
March
31,
2017
|
March
31,
2016
|
|
|
ThCh$
|
ThCh$
|
Horst Paulmann
Kemna
|
Chairman
|
52,259
|
50,925
|
Heike Paulmann
Koepfer
|
Director
|
26,130
|
25,462
|
Peter Paulmann
Koepfer
|
Director
|
26,130
|
25,462
|
Cristián
Eyzaguirre Johnston
|
Director
|
26,130
|
25,462
|
Roberto Oscar
Philipps
|
Director
|
34,839
|
33,950
|
David Gallagher
Patrickson
|
Director
|
34,839
|
33,950
|
Julio
Moura
|
Director
|
26,130
|
25,462
|
Richard Bûchi
Buc
|
Director
|
34,839
|
33,950
|
Mario Valcarce
Durán
|
Director
|
34,839
|
-
|
Total
|
|
296,135
|
254,623
|
Key management
compensation
|
March
31,
2017
|
March
31,
2016
|
|
ThCh$
|
ThCh$
|
Salary and other
short term employee benefits
|
1,193,534
|
1,358,707
|
Share based
payments
|
779,824
|
732,630
|
Total
|
1,973,358
|
2,091,337
|
|
As
of March 31, 2017
|
|||
Inventory
category
|
Departmentstores
|
Supermarkets
|
Homeimprovement
|
Total
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Raw
material
|
783,011
|
3,385,059
|
-
|
4,168,070
|
Goods
|
206,044,214
|
732,680,405
|
246,168,642
|
1,184,893,261
|
Total
|
206,827,225
|
736,065,464
|
246,168,642
|
1,189,061,331
|
|
As
of December 31, 2016
|
|||
Inventory
category
|
Departmentstores
|
Supermarkets
|
Homeimprovement
|
Total
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Raw
material
|
1,164,458
|
3,576,026
|
-
|
4,740,484
|
Goods
|
192,143,210
|
697,409,780
|
254,992,540
|
1,144,545,530
|
Total
|
193,307,668
|
700,985,806
|
254,992,540
|
1,149,286,014
|
|
Inventories at net realizableas of
|
|
Net realizable
value movements
|
3/31/2017
|
12/31/2016
|
|
ThCh$
|
ThCh$
|
Beginning
Balance
|
49,219,377
|
66,062,640
|
Increase of
Inventory to NRV (Net Realizable Value)
|
4,913,154
|
8,671,880
|
Decrease of
Inventory to NRV (Net Realizable Value)
|
(3,437,454
)
|
(25,515,143
)
|
Total
|
50,695,077
|
49,219,377
|
|
For the three
months ended
March
31,
|
|
Additional
information inventory
|
2017
|
2016
|
|
ThCh$
|
ThCh$
|
Cost of inventories
recognized as expenses during the year
|
1,654,415,417
|
1,652,195,243
|
Intangible
movements
|
Patents, trademarks
and other rights
|
Applications
(IT)
|
Other identifiable
intangible assets
|
Intangible
assets, net
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Initial balance as
of January 1, 2017
|
267,528,026
|
109,301,075
|
31,339,013
|
408,168,114
|
Additions
|
-
|
8,375,481
|
-
|
8,375,481
|
Retirements
|
-
|
(550,264
)
|
-
|
(550,264
)
|
Amortization
|
-
|
(7,530,966
)
|
(366,057
)
|
(7,897,023
)
|
Decrease in foreign
exchange
|
3,622,213
|
948,825
|
686,024
|
5,257,062
|
Balance at
March 31, 2017
|
271,150,239
|
110,544,151
|
31,658,980
|
413,353,370
|
Intangible
movements
|
Patents, trademarks
and other rights
|
Applications
(IT)
|
Other identifiable
intangible assets
|
Intangible
assets, net
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Initial balance as
of January 1, 2016
|
267,839,511
|
103,417,708
|
30,492,198
|
401,749,417
|
Additions
|
-
|
37,671,772
|
-
|
37,671,772
|
Retirements
|
-
|
(1,517,096
)
|
-
|
(1,517,096
)
|
Amortization
|
-
|
(29,772,784
)
|
(1,335,738
)
|
(31,108,522
)
|
Decrease in foreign
exchange
|
(311,485
)
|
(498,525
)
|
2,182,553
|
1,372,543
|
Balance at
December 31, 2016
|
267,528,026
|
109,301,075
|
31,339,013
|
408,168,114
|
Individually
significant identifiable Intangible assets
|
Book Value March
2017
|
Book Value
December 2016
|
Remaining
amortization period
|
Country of
origin
|
Segment
|
|
ThCh$
|
ThCh$
|
|
|
|
Paris
Brand
|
120,754,313
|
120,754,313
|
Indefinite
|
Chile
|
Department stores
|
Johnson’s
Brand
|
15,501,628
|
15,501,628
|
Indefinite
|
Chile
|
Department stores
|
Pierre Cardin
License
|
171,584
|
171,584
|
Defined
|
Chile
|
Department
stores
|
Wong
Brand
|
32,698,606
|
31,840,410
|
Indefinite
|
Peru
|
Supermarkets
|
Metro
Brand
|
71,342,413
|
69,469,986
|
Indefinite
|
Peru
|
Supermarkets
|
Bretas
Brand
|
17,772,191
|
17,255,743
|
Indefinite
|
Brazil
|
Supermarkets
|
Perini
Brand
|
795,773
|
772,648
|
Indefinite
|
Brazil
|
Supermarkets
|
Prezunic
Brand
|
12,113,731
|
11,761,714
|
Indefinite
|
Brazil
|
Supermarkets
|
Total
|
271,150,239
|
267,528,026
|
|
|
|
Goodwill per
operating segment and country
|
As
of
December,
2016
|
Impairment
|
Increase (decrease)
foreign exchange
|
As
of
March,
2017
|
|
ThCh$
|
|
ThCh$
|
ThCh$
|
Real Estate?&
Shopping?Argentina?
|
89,569
|
-
|
1,610
|
91,179
|
Supermarkets—Chile
|
106,991,957
|
-
|
-
|
106,991,957
|
Supermarkets—Brazil
|
397,062,475
|
-
|
11,776,476
|
408,838,951
|
Supermarkets—Peru
|
264,355,612
|
-
|
7,042,777
|
271,398,389
|
Supermarkets—
Colombia
|
439,366,277
|
-
|
19,971,195
|
459,337,472
|
Financial services
– Colombia
|
52,305,509
|
-
|
2,377,523
|
54,683,032
|
Shopping Centers
– Colombia
|
31,383,305
|
-
|
1,426,514
|
32,809,819
|
Home
Improvement—Argentina
|
1,377,864
|
-
|
24,767
|
1,402,631
|
Home
Improvement—Chile
|
1,227,458
|
-
|
-
|
1,227,458
|
Department
stores—Chile
|
138,159,463
|
-
|
-
|
138,159,463
|
|
|
|
|
|
Total
|
1,432,319,489
|
-
|
42,620,862
|
1,474,940,351
|
Goodwill per
operating segment and country
|
As
of
December,
2015
|
Impairment
|
Increase (decrease)
foreign exchange
|
As
of
December,
2016
|
|
ThCh$
|
|
ThCh$
|
ThCh$
|
Real Estate?&
Shopping?Argentina?
|
115,986
|
-
|
(26,417
)
|
89,569
|
Supermarkets—Chile
|
106,991,957
|
-
|
-
|
106,991,957
|
Supermarkets—Brazil
|
343,976,582
|
-
|
53,085,893
|
397,062,475
|
Supermarkets—Peru
|
275,687,596
|
-
|
(11,331,984
)
|
264,355,612
|
Supermarkets—
Colombia
|
439,366,277
|
-
|
-
|
439,366,277
|
Financial services
– Colombia
|
52,305,509
|
-
|
-
|
52,305,509
|
Shopping Centers
– Colombia
|
31,383,305
|
-
|
-
|
31,383,305
|
Home
Improvement—Argentina
|
2,477,939
|
-
|
(1,100,075
)
|
1,377,864
|
Home
Improvement—Chile
|
1,227,458
|
-
|
-
|
1,227,458
|
Department
stores—Chile
|
138,159,463
|
-
|
-
|
138,159,463
|
|
|
|
|
|
Total
|
1,391,692,072
|
-
|
40,627,417
|
1,432,319,489
|
|
2016
|
||||
|
|
|
|
|
|
Segment and
Country
|
Chile
|
Argentina
|
Peru
|
Colombia
|
Brazil
|
|
%
|
%
|
%
|
%
|
%
|
Supermarkets
|
9.01
|
-
|
10.08
|
9.44
|
9.97
|
Home
Improvement
|
8.41
|
-
|
-
|
-
|
-
|
Department
stores
|
8.84
|
24.84
|
-
|
-
|
-
|
Movement for the
three months ended March 31, 2017
|
Construction In
progress
|
Land
|
Building,
net
|
Plant and
equipment net
|
Information
technology equipment, net
|
Fixed
installations and accessories, net
|
Motor vehicles,
net
|
Lease
improvements, net
|
Other property,
plant and equipment, net
|
Property, plant
and equipment, net
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Opening balance January 1,
2017
|
66,402,237
|
659,605,782
|
1,048,864,332
|
226,080,180
|
36,328,354
|
319,768,058
|
670,349
|
212,594,588
|
8,479,693
|
2,578,793,573
|
Changes
|
|
|
|
|
|
|
|
|
|
|
Additions
|
17,033,447
|
1,129,900
|
1,837,571
|
8,248,717
|
3,285,282
|
6,982,480
|
54,471
|
474,591
|
798,620
|
39,845,079
|
Removal
|
(9,923
)
|
-
|
(200,913
)
|
(93,826
)
|
(400
)
|
(42,823
)
|
-
|
(41,937
)
|
-
|
(389,822
)
|
Depreciation
expenses
|
-
|
-
|
(8,090,598
)
|
(13,083,933
)
|
(4,205,994
)
|
(18,307,873
)
|
(60,369
)
|
(8,451,247
)
|
(9,192
)
|
(52,209,206
)
|
Increase (decrease) for revaluation
charged to equity
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Increase (decrease) in foreign
exchange
|
2,027,302
|
12,186,470
|
21,694,062
|
3,480,704
|
369,918
|
3,327,112
|
13,573
|
5,239,831
|
(989,264
)
|
47,349,708
|
Transfer to (from) non—current
assets and disposal groups held for sale
|
-
|
(16,164,214
)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(16,164,214
)
|
Other increase
(decrease)
|
(10,678,951
)
|
-
|
4,212,596
|
3,607,516
|
1,807,406
|
357,793
|
-
|
693,640
|
-
|
-
|
Total
changes
|
8,371,875
|
(2,847,844
)
|
19,452,718
|
2,159,178
|
1,256,212
|
(7,683,311
)
|
7,675
|
(2,085,122
)
|
(199,836
)
|
18,431,545
|
Final balance as of March 31,
2017
|
74,774,112
|
656,757,938
|
1,068,317,050
|
228,239,358
|
37,584,566
|
312,084,747
|
678,024
|
210,509,466
|
8,279,857
|
2,597,225,118
|
Movement for the
year ended December 31, 2016
|
Construction In
progress
|
Land
|
Building,
net
|
Plant and
equipment net
|
Information
technology equipment, net
|
Fixed
installations and accessories, net
|
Motor vehicles,
net
|
Lease
improvements, net
|
Other property,
plant and equipment, net
|
Property, plant
and equipment, net
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Opening balance January 1,
2016
|
63,017,895
|
725,437,554
|
1,075,995,255
|
246,716,665
|
32,046,485
|
343,696,782
|
577,489
|
202,460,078
|
21,542,427
|
2,711,490,630
|
Changes
|
|
|
|
|
|
|
|
|
|
|
Additions
|
112,960,591
|
2,637,687
|
14,673,368
|
27,951,919
|
4,281,236
|
19,393,558
|
64,748
|
9,534,011
|
894,142
|
192,391,260
|
Decrease derived from loss of
control in subsidiaries
|
(26,452
)
|
-
|
(294,862
)
|
(36,007
)
|
(34,940
)
|
-
|
-
|
-
|
-
|
(392,261
)
|
Transfers to (from) investment
properties
|
(6,299,632
)
|
(41,143,628
)
|
(1,890,902
)
|
(733,140
)
|
224,296
|
(756,374
)
|
-
|
-
|
(3,306,574
)
|
(53,905,954
)
|
Retirements
|
(227,085
)
|
(992,318
)
|
(5,922,284
)
|
(5,606,035
)
|
(567,568
)
|
(298,660
)
|
-
|
(212,866
)
|
(2,259,506
)
|
(16,086,322
)
|
Depreciation
expenses
|
-
|
-
|
(31,219,656
)
|
(52,165,648
)
|
(14,005,719
)
|
(67,906,543
)
|
(221,744
)
|
(30,452,796
)
|
(632,791
)
|
(196,604,897
)
|
Increase (decrease) for revaluation
charged to equity
|
-
|
18,435,465
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
18,435,465
|
Impairment losses recognized in
results
|
-
|
(2,639,637
)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(2,639,637
)
|
Decrease (increase) in foreign
exchange
|
(2,225,068
)
|
(14,638,273
)
|
(21,515,463
)
|
(718,868
)
|
(919,762
)
|
(2,617,885
)
|
(25,217
)
|
14,468,605
|
(2,343,689
)
|
(30,535,620
)
|
Transfer to non—current assets
and disposal groups held for sale
|
-
|
(27,520,057
)
|
(9,440,631
)
|
(537,066
)
|
(1,684
)
|
(445,337
)
|
-
|
-
|
(5,414,316
)
|
(43,359,091
)
|
Other increase (decrease)
[1]
|
(100,798,012
)
|
28,989
|
28,479,507
|
5,095,507
|
15,306,010
|
13,178,168
|
275,073
|
38,434,758
|
-
|
-
|
Total
changes
|
3,384,342
|
(65,831,772
)
|
(27,130,923
)
|
(26,749,338
)
|
4,281,869
|
(39,453,073
)
|
92,860
|
31,771,712
|
(13,062,734
)
|
(132,697,057
)
|
Final balance as of December 31,
2016
|
66,402,237
|
659,605,782
|
1,048,864,332
|
219,967,327
|
36,328,354
|
304,243,709
|
670,349
|
234,231,790
|
8,479,693
|
2,578,793,573
|
|
Balance as of
3/31/2017
|
Balance as of
12/31/2016
|
||
Loans
|
Current
|
Non-current
|
Current
|
Non-current
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Bank loans
(1)
|
244,555,004
|
199,969,698
|
215,393,417
|
206,299,337
|
Bond debt
(2)
|
109,291,538
|
2,608,318,115
|
127,530,284
|
2,618,875,407
|
Other
loans—leases
|
2,701,004
|
19,253,821
|
2,713,893
|
19,256,643
|
Other financial
liabilities (forward)
|
1,845,932
|
-
|
-
|
-
|
Other financial
liabilities (hedge derivatives) (3)
|
6,194,771
|
12,647,172
|
4,151,393
|
12,441,477
|
Time deposits
(4)
|
54,486,946
|
44,713,727
|
56,113,724
|
45,030,033
|
Term savings
accounts
|
9,787
|
-
|
15,224
|
-
|
Debt purchase
Bretas
|
-
|
1,834,202
|
-
|
1,722,769
|
Other Financial
liabilities—other
|
2,401,062
|
-
|
2,091,081
|
-
|
Totals
Loans
|
421,486,044
|
2,886,736,735
|
408,009,016
|
2,903,625,666
|
|
Provision Legal
Claims (2)
|
Exposure
|
||||
|
Civil
|
Labor
|
Tax
|
Total
|
Current
|
Non-current
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Total as of March
31,2017
|
28,967,404
|
20,645,304
|
21,052,485
|
70,665,193
|
10,691,944
|
59,973,249
|
Total as of
December 31,2016
|
28,708,673
|
21,405,740
|
18,230,724
|
68,345,137
|
10,340,136
|
58,005,001
|
Provision By
Country
|
December 31,
2016
ThCh$
|
|
Chile
|
15,357,517
|
15,351,464
|
Argentina
|
19,678,944
|
19,260,544
|
Brazil
|
30,476,940
|
29,078,658
|
Peru
|
915,754
|
673,291
|
Colombia
|
4,236,038
|
3,981,180
|
Total
Provision
|
70,665,193
|
68,345,137
|
Provision
type
|
Legal claims
|
Onerous
contracts
|
Total
|
|
ThCh$
|
ThCh$
|
ThCh$
|
Initial Balance
January 1, 2017
|
68,345,137
|
11,690,457
|
80,035,594
|
Movements in
Provisions:
|
|
|
|
Creation of
additional provisions
|
1,828,225
|
-
|
1,828,225
|
Increase (decrease)
in existing provisions
|
561,550
|
(355,036
)
|
206,514
|
Application of
provision
|
(850,675
)
|
-
|
(850,675
)
|
Reversal of
non-used provisions
|
(634,456
)
|
-
|
(634,456
)
|
Increase (decrease)
in foreign exchange rate
|
1,415,412
|
-
|
1,415,412
|
Changes in
provisions, total
|
2,320,056
|
(355,036
)
|
1,965,020
|
Total provision,
closing balance as of March 31, 2017
|
70,665,193
|
11,335,421
|
82,000,614
|
Provision
type
|
Legal claims
|
Onerous
contracts
|
Total
|
|
ThCh$
|
ThCh$
|
ThCh$
|
Initial Balance
January 1, 2016
|
77,816,222
|
16,014,325
|
93,830,547
|
Movements in
Provisions:
|
|
|
|
Creation of
additional provisions
|
8,075,575
|
-
|
8,075,575
|
Increase and
decrease in existing provisions
|
578,142
|
(4,323,868
)
|
(3,745,726
)
|
Application of
provision
|
(12,127,645
)
|
-
|
(12,127,645
)
|
Reversal of unused
provision
|
(2,504,731
)
|
-
|
(2,504,731
)
|
Increase (decrease)
in foreign exchange rate
|
(3,492,426
)
|
-
|
(3,492,426
)
|
Changes in
provisions, total
|
(9,471,085
)
|
(4,323,868
)
|
(13,794,953
)
|
Total provision,
closing balance as of December 31, 2016
|
68,345,137
|
11,690,457
|
80,035,594
|
Movement of paid
shares
|
No
of
shares
|
Shares
Issuances
(Th$)
|
Shares
premium
(Th$)
|
|
|
|
|
Paid shares as of
January 1, 2016
|
2,828,723,963
|
2,321,380,936
|
526,633,344
|
Stock options
issuance 2016
|
33,812,984
|
99,183,799
|
(65,331,247
)
|
Paid
shares as of December 31, 2016
|
2,862,536,947
|
2,420,564,735
|
461,302,097
|
Paid
shares as of January 1, 2017
|
2,862,536,947
|
2,420,564,735
|
461,302,097
|
Paid
shares as of March 31, 2017
|
2,862,536,947
|
2,420,564,735
|
461,302,097
|
|
Non-controlling
Interest
Mar 31,
|
Non-controlling
Interest
Dec
31,
|
Balances
as
of,
|
|
|
2017
|
2016
|
Mar 31,
2017
|
Dec 31,
2016
|
Company
|
%
|
%
|
ThCh$
|
ThCh$
|
Cencosud Shoppings
Centers S.A.
|
0.00004
%
|
0.00004
%
|
492
|
479
|
Mercado Mayorista P
y P Ltda.
|
10.00000
%
|
10.00000
%
|
93,871
|
93,871
|
Easy Retail
S.A.
|
0.07361
%
|
0.07361
%
|
16,582
|
18,795
|
Comercial Food and
Fantasy Ltda.
|
10.00000
%
|
10.00000
%
|
(12,921
)
|
-
|
Administradora del
Centro Comercial Alto Las Condes Ltda.
|
55.00000
%
|
55.00000
%
|
(709,183
)
|
(1,608,229
)
|
Cencosud Retail
S.A.
|
0.03760
%
|
0.03760
%
|
241,082
|
231,864
|
Jumbo Retail
Argentina S.A.
|
0.07600
%
|
0.07600
%
|
48,530
|
54,816
|
Total
|
|
|
(321,547
)
|
(1,208,404
)
|
|
Non-controlling
Interest
Mar 31,
|
Non-controlling
Interest
Dec
31,
|
Balances
as
of,
|
|
|
2017
|
2016
|
Mar 31,
2017
|
Dec 31,
2016
|
Company
|
%
|
%
|
ThCh$
|
ThCh$
|
Cencosud Shoppings
Centers S.A.
|
0.00004
%
|
0.00004
%
|
13
|
9
|
Easy Retail
S.A.
|
0.07361
%
|
0.42500
%
|
(2,214
)
|
800
|
Comercial Food and
Fantasy Ltda.
|
10.00000
%
|
10.00000
%
|
11,080
|
-
|
Administradora del
Centro Comercial Alto Las Condes Ltda.
|
55.00000
%
|
55.00000
%
|
899,046
|
1,331,401
|
Cencosud Retail
S.A.
|
0.03760
%
|
0.03906
%
|
9,215
|
11,488
|
Jumbo Retail
Argentina S.A.
|
0.07600
%
|
0.07600
%
|
(7,088
)
|
3,331
|
Total
|
|
|
910,052
|
1,347,029
|
Expenses by
nature of integral income by function
|
3-31-2017
|
3-31-2016
|
|
|
|
Cost of
sales
|
1,785,921,395
|
1,765,306,972
|
Distribution
cost
|
6,438,007
|
6,242,744
|
Administrative
expenses
|
585,030,025
|
541,751,349
|
Other expenses by
function
|
39,740,805
|
36,495,483
|
Total
|
2,417,130,232
|
2,349,796,548
|
Expenses by
nature
|
For the three
months ended March 31
|
|
|
2017
|
2016
|
|
ThCh$
|
ThCh$
|
Cost of goods
sold
|
1,654,415,417
|
1,652,195,243
|
Other cost of
sales
|
131,505,978
|
113,111,729
|
Personnel
expenses
|
356,332,965
|
324,051,034
|
Depreciation and
amortization
|
60,106,229
|
51,280,017
|
Distribution
cost
|
6,438,007
|
6,242,744
|
Other expenses by
function
|
39,740,805
|
36,495,483
|
Cleaning
|
18,388,106
|
17,707,593
|
Safety and
security
|
15,795,109
|
14,626,829
|
Maintenance
|
19,231,332
|
18,365,315
|
Professional
fees
|
17,748,707
|
16,578,907
|
Bags for
Customers
|
3,979,960
|
4,904,531
|
Credit card
commission
|
25,002,124
|
23,397,692
|
Lease
|
49,431,123
|
47,510,269
|
Other
|
19,014,370
|
23,329,162
|
Total
|
2,417,130,232
|
2,349,796,548
|
Personnel
expenses
|
For the three
months ended March 31
|
|
|
2017
|
2016
|
|
ThCh$
|
ThCh$
|
Salaries
|
278,186,828
|
254,825,533
|
Short-term employee
benefits
|
67,391,379
|
61,683,110
|
Termination
benefits
|
10,754,758
|
7,542,391
|
Total
|
356,332,965
|
324,051,034
|
Depreciation and
amortization
|
For the three
months ended March 31
|
|
|
2017
|
2016
|
|
ThCh$
|
ThCh$
|
Depreciation
|
52,209,206
|
45,174,049
|
Amortization
|
7,897,023
|
6,105,968
|
Total
|
60,106,229
|
51,280,017
|
Other gain
(losses)
|
For the three
months ended March 31
|
|
|
2017
|
2016
|
|
ThCh$
|
ThCh$
|
Complementary
remittance tax
|
(1,179,553
)
|
(1,197,646
)
|
Wealth tax
Colombia
|
(2,222,000
)
|
(5,566,905
)
|
Insurance
claims
|
(1,912,891
)
|
1,607,520
|
Sales of businesses
and properties
|
144,105
|
9,547,202
|
Other net
losses
|
2,492,676
|
(7,852,705
)
|
Total
|
(2,677,663
)
|
(3,462,534
)
|
Other operating
income
|
For the three
months ended March 31
|
|
|
2017
|
2016
|
|
ThCh$
|
ThCh$
|
Sell
Carton and Wraps
|
739,755
|
931,922
|
Recovery of
fees
|
542,959
|
545,676
|
Increase on
revaluation of Investment properties (see note 12.1)
|
26,614,201
|
37,958,719
|
Other
Income
|
1,575,557
|
1,337,871
|
Total
|
29,472,472
|
40,774,188
|
Financial
results
|
For the three
months ended March 31
|
|
|
2017
|
2016
|
|
ThCh$
|
ThCh$
|
Other finance
income from investments
|
4,043,544
|
3,840,794
|
|
|
|
|
|
|
Financial
Income
|
4,043,544
|
3,840,794
|
|
|
|
Bank loan
expenses
|
(26,054,991
)
|
(25,255,302
)
|
Bond debt
expenses
|
(34,621,531
)
|
(36,048,575
)
|
Interest on bank
deposits
|
-
|
(452,093
)
|
Valuation of
financial derivatives
|
(5,941,246
)
|
(7,567,481
)
|
|
|
|
Financial
Expenses
|
(66,617,768
)
|
(69,323,451
)
|
|
|
|
Results from UF
indexed bonds in Chile
|
(2,858,616
)
|
(3,325,580
)
|
Results from UF
indexed Brazil
|
(72,422
)
|
(142,831
)
|
Results from UF
indexed Other
|
145,183
|
-
|
|
|
|
(Losses) gains from
indexation
|
(2,785,855
)
|
(3,468,411
)
|
|
|
|
Financial debt
IFC-ABN Argentina
|
(278,025
)
|
(96,366
)
|
Debt to the public
Bonds and Banks (Chile)
|
31,917,132
|
38,721,668
|
Financial debt
Peru
|
(79,111
)
|
(243,029
)
|
Financials Assets
and Debts (Colombia)
|
55,847
|
143,331
|
|
|
|
Exchange
difference
|
31,615,843
|
38,525,604
|
|
|
|
Financial results
total
|
(33,744,236
)
|
(30,425,464
)
|
|
March
31, 2017
|
March
31, 2016
|
Current
and deferred income tax
|
ThCh$
|
ThCh$
|
|
|
|
Net current income
tax expense
|
42,889,991
|
32,066,483
|
Previous year
adjustment
|
(4,238,817
)
|
2,718,420
|
|
|
|
Income tax
expense
|
38,651,174
|
34,784,903
|
|
|
|
Deferred tax
expense (income) due to taxes arising from the creation and
reversal of temporary differences
|
(4,208,705
)
|
(2,410,877
)
|
Deferred expenses
(income) due to taxes arising from the changes in tax rates or new
rates
|
1,472,647
|
431,190
|
|
|
|
Deferred income tax
expense
|
(2,736,058
)
|
(1,979,687
)
|
|
|
|
Net tax expense
(income)
|
35,915,116
|
32,805,216
|
Consolidated statement of
income
|
Supermarkets
|
Shopping
Centers
|
Home
improvement
|
Department
stores
|
Financial
services
|
Support services, financing, adjustment sand
other
|
Consolidated total
|
For the quarter ended March 31,
2017
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Revenues from ordinary
activities
|
1,814,359,150
|
59,483,158
|
331,757,452
|
262,799,548
|
53,158,758
|
2,005,227
|
2,523,563,293
|
Cost of
sales
|
(1,346,627,119
)
|
(6,790,616
)
|
(224,462,810
)
|
(186,774,461
)
|
(20,844,735
)
|
(421,654
)
|
(1,785,921,395
)
|
|
|
|
|
|
|
|
|
Gross
Margin
|
467,732,031
|
52,692,542
|
107,294,642
|
|
32,314,023
|
1,583,573
|
737,641,898
|
|
|
|
|
|
|
|
|
Other revenues by
function
|
2,226,663
|
26,535,858
|
286,295
|
256,203
|
-
|
167,453
|
29,472,472
|
Sales, general and administrative
expenses
|
(411,699,257
)
|
(6,341,357
)
|
(80,707,752
)
|
(70,147,191
)
|
(12,298,693
)
|
(50,014,587
)
|
(631,208,837
)
|
Financial expenses,
net
|
-
|
-
|
-
|
-
|
-
|
(62,574,224
)
|
(62,574,224
)
|
Participation in profit of equity
method associates
|
42,781
|
-
|
-
|
-
|
4,466,037
|
-
|
4,508,818
|
Exchange
differences
|
-
|
-
|
-
|
-
|
-
|
31,615,843
|
31,615,843
|
Losses from
indexation
|
-
|
-
|
-
|
-
|
-
|
(2,785,855
)
|
(2,785,855
)
|
Other losses,
net
|
(277,289
)
|
-
|
(1,635,602
)
|
-
|
-
|
(764,772
)
|
(2,677,663
)
|
Income tax
expense
|
-
|
-
|
-
|
-
|
-
|
(35,915,116
)
|
(35,915,116
)
|
|
|
|
|
|
|
|
|
Net
profit (loss)
|
58,024,929
|
72,887,043
|
25,237,583
|
6,134,099
|
24,481,367
|
(118,687,685
)
|
68,077,336
|
Net profit (loss) from continued
operations
|
58,024,929
|
72,887,043
|
25,237,583
|
6,134,099
|
24,481,367
|
(118,687,685
)
|
68,077,336
|
Net profit (loss) from discontinued
operations
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net profit (loss) of attributable to
non-controlling interest
|
-
|
-
|
-
|
-
|
-
|
(910,052
)
|
(910,052
)
|
|
|
|
|
|
|
|
|
Net profit for the year attributable
to controlling shareholders, Total
|
58,024,929
|
72,887,043
|
25,237,583
|
6,134,099
|
24,481,367
|
(119,597,737
)
|
67,167,284
|
Depreciation and
amortization
|
40,643,067
|
1,396,743
|
5,948,964
|
7,595,653
|
443,307
|
4,078,495
|
60,106,229
|
Consolidated statement of
income
|
Supermarkets
|
Shopping
Centers
|
Home
improvement
|
Department
stores
|
Financial
services
|
Support services, financing, adjustments and
other
|
Consolidated total
|
For the quarter ended March 31,
2016
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Revenues from ordinary
activities
|
1,813,974,167
|
54,003,766
|
324,368,894
|
247,215,355
|
39,733,346
|
2,588,712
|
2,481,884,240
|
Cost of
sales
|
(1,350,118,155
)
|
(5,556,222
)
|
(215,805,344
)
|
(179,512,697
)
|
(13,255,733
)
|
(1,058,821
)
|
(1,765,306,972
)
|
|
|
|
|
|
|
|
|
Gross
Margin
|
463,856,012
|
48,447,544
|
108,563,550
|
67,702,658
|
26,477,613
|
1,529,891
|
716,577,268
|
|
|
|
|
|
|
|
|
Other income by
function
|
2,466,271
|
37,836,338
|
103,863
|
124,352
|
(149
)
|
243,513
|
40,774,188
|
Sales, general and administrative
expenses
|
(378,004,290
)
|
(6,261,099
)
|
(74,357,921
)
|
(67,394,237
)
|
(12,336,195
)
|
(46,135,834
)
|
(584,489,576
)
|
Financial expenses,
net
|
-
|
-
|
-
|
-
|
-
|
(65,482,657
)
|
(65,482,657
)
|
Participation in profit of equity
method associates
|
54,181
|
-
|
-
|
-
|
2,805,990
|
-
|
2,860,171
|
Exchange
differences
|
-
|
-
|
-
|
-
|
-
|
38,525,604
|
38,525,604
|
Losses from
indexation
|
-
|
-
|
-
|
-
|
-
|
(3,468,411
)
|
(3,468,411
)
|
Other gains (losses),
net
|
-
|
-
|
-
|
-
|
-
|
(3,462,534
)
|
(3,462,534
)
|
Income tax
expense
|
-
|
-
|
-
|
-
|
-
|
(32,805,216
)
|
(32,805,216
)
|
|
|
|
|
|
|
|
|
Net
profit (loss)
|
88,372,174
|
80,022,783
|
34,309,492
|
432,773
|
16,947,259
|
(111,055,644
)
|
109,028,837
|
Net profit (loss) from continued
operations
|
88,372,174
|
80,022,783
|
34,309,492
|
432,773
|
16,947,259
|
(111,055,644
)
|
109,028,837
|
Net profit (loss) from discontinued
operations
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net profit (loss) of attributable to
non-controlling interest
|
-
|
-
|
-
|
-
|
-
|
(1,347,029
)
|
(1,347,029
)
|
|
|
|
|
|
|
|
|
Net profit for the year attributable
to controlling shareholders, Total
|
88,372,174
|
80,022,783
|
34,309,492
|
432,773
|
16,947,259
|
(112,402,673
)
|
107,681,808
|
Depreciation and
amortization
|
31,806,859
|
1,568,010
|
6,002,721
|
7,275,658
|
788,576
|
3,838,193
|
51,280,017
|
|
Supermarkets
|
ShoppingCenter
|
Home
Improvement
|
Department
Stores
|
Financial Services
(Insurance +cards + bank)
|
Support Services,
Financing, and Other Settings
|
Total
Consolidated
|
Regional
information by segment
Current assets
and liabilities
at March 31,
2017
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Trade accounts
payable and other payables
|
1,203,139,635
|
48,774,536
|
266,073,978
|
184,543,881
|
37,202,001
|
36,219,121
|
1,775,953,152
|
|
Supermarkets
|
ShoppingCenter
|
Home
Improvement
|
Department
Stores
|
Financial Services
(Insurance +cards + bank)
|
Support Services,
Financing, and Other Settings
|
Total
Consolidated
|
Regional
information by segment
Current assets
and liabilities
at December 31,
2016
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Trade accounts
payable and other payables
|
1,294,692,757
|
35,089,329
|
273,630,631
|
246,827,811
|
39,764,889
|
36,841,635
|
1,926,847,052
|
|
Chile
|
Argentina
|
Brazil
|
Peru
|
Colombia
|
Consolidated
total
|
At March 31,
2017
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Total
assets
|
4,630,827,644
|
1,494,790,219
|
1,409,815,790
|
1,241,527,804
|
1,662,123,227
|
10,439,084,684
|
Total
liabilities
|
4,070,820,061
|
821,940,222
|
517,343,768
|
374,113,886
|
445,837,259
|
6,230,055,196
|
Total Net
equity
|
1,010,627,226
|
655,906,732
|
781,437,358
|
693,076,414
|
1,067,981,758
|
4,209,029,488
|
Adjustments to net
investment
|
(450,619,643
)
|
16,943,265
|
111,034,664
|
174,337,504
|
148,304,210
|
-
|
Net
investment
|
560,007,583
|
672,849,997
|
892,472,022
|
867,413,918
|
1,216,285,968
|
4,209,029,488
|
Percentage
of Net equity
|
24.0
%
|
15.6
%
|
18.6
%
|
16.5
%
|
25.4
%
|
100.0
%
|
Percentage
of equity
|
13.3
%
|
16.0
%
|
21.2
%
|
20.6
%
|
28.9
%
|
100.0
%
|
|
Chile
|
Argentina
|
Brazil
|
Peru
|
Colombia
|
Consolidated
total
|
At December 31,
2016
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Total
assets
|
4,779,856,500
|
1,411,985,049
|
1,431,919,219
|
1,240,938,778
|
1,584,057,942
|
10,448,757,488
|
Total
liabilities
|
4,202,937,399
|
813,235,515
|
530,551,320
|
403,728,564
|
414,252,955
|
6,364,705,753
|
Total Net
equity
|
885,649,473
|
655,906,732
|
781,437,358
|
693,076,414
|
1,067,981,758
|
4,084,051,735
|
Adjustments to net
investment
|
(308,730,372
)
|
(57,157,198
)
|
119,930,541
|
144,133,800
|
101,823,229
|
-
|
Net
investment
|
576,919,101
|
598,749,534
|
901,367,899
|
837,210,214
|
1,169,804,987
|
4,084,051,735
|
Percentage
of Net equity
|
21.7
%
|
16.1
%
|
19.1
%
|
17.0
%
|
26.2
%
|
100.0
%
|
Percentage
of equity
|
14.1
%
|
14.7
%
|
22.1
%
|
20.5
%
|
28.6
%
|
100.0
%
|
At March 31,
2017
|
Chile
|
Argentina
|
Brazil
|
Peru
|
Colombia
|
Consolidated
total
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Other non-financial
assets
|
23,141,427
|
8,212,658
|
21,073,867
|
1,803,869
|
6,440
|
54,238,261
|
Trade receivables
and other receivables
|
-
|
12,031,198
|
3,374,067
|
-
|
-
|
15,405,265
|
Equity Method
investments
|
202,139,191
|
-
|
-
|
1,060,656
|
-
|
203,199,847
|
Intangible assets
other than goodwill
|
220,458,618
|
10,220,320
|
64,026,156
|
110,774,272
|
7,874,004
|
413,353,370
|
Goodwill
|
246,378,878
|
1,493,810
|
408,838,951
|
271,398,389
|
546,830,323
|
1,474,940,351
|
Property Plant and
Equipment
|
1,105,404,191
|
216,077,151
|
335,816,769
|
358,487,417
|
581,439,590
|
2,597,225,118
|
Investment
Property
|
1,553,130,558
|
331,755,657
|
-
|
203,492,203
|
30,619,555
|
2,118,997,973
|
Income tax assets,
non-current
|
4,852,773
|
9,374,978
|
73,613,076
|
-
|
-
|
87,840,827
|
|
|
|
|
|
|
|
Non
-current assets—Total
|
3,355,505,636
|
589,165,772
|
906,742,886
|
947,016,806
|
1,166,769,912
|
6,965,201,012
|
At December
31, 2016
|
Chile
|
Argentina
|
Brazil
|
Peru
|
Colombia
|
Consolidated
total
|
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Other non-financial
assets
|
23,356,132
|
7,663,639
|
19,431,481
|
1,877,863
|
6,160
|
52,335,275
|
Trade receivables
and other receivables
|
-
|
8,815,714
|
3,077,992
|
-
|
-
|
11,893,706
|
Equity Method
investments
|
199,737,813
|
-
|
-
|
989,721
|
-
|
200,727,534
|
Intangible assets
other than goodwill
|
219,352,035
|
9,823,814
|
64,145,345
|
106,901,729
|
7,945,191
|
408,168,114
|
Goodwill
|
246,378,878
|
1,467,433
|
397,062,475
|
264,355,612
|
523,055,091
|
1,432,319,489
|
Property Plant and
Equipment
|
1,107,174,199
|
212,741,017
|
340,287,996
|
355,639,693
|
562,950,668
|
2,578,793,573
|
Investment
Property
|
1,531,658,588
|
323,482,594
|
-
|
197,264,575
|
29,288,270
|
2,081,694,027
|
Income tax assets,
non-current
|
4,852,774
|
5,409,578
|
73,114,098
|
-
|
-
|
83,376,450
|
|
|
|
|
|
|
|
Non
-current assets—Total
|
3,332,510,419
|
569,403,789
|
897,119,387
|
927,029,193
|
1,123,245,380
|
6,849,308,168
|
|
Supermarkets
|
Shopping
Center
|
Home
Improvement
|
Department
Stores
|
Financial Services
(Insurance +cards +bank)
|
Support Services,
Financing,a nd Other Settings
|
Total
Consolidated
|
As of March 31,
2017
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Property plant and
equipment
|
25,202,757
|
5,608,454
|
3,878,478
|
3,890,078
|
112,409
|
1,152,903
|
39,845,079
|
Intangible asset,
other that goodwill
|
2,356,686
|
45,740
|
681,399
|
1,752,606
|
48,618
|
3,490,432
|
8,375,481
|
Goodwill
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Investment
property
|
-
|
1,818,907
|
-
|
-
|
-
|
-
|
1,818,907
|
|
|
|
|
|
|
|
|
Total
additions
|
27,559,443
|
7,473,101
|
4,559,877
|
5,642,684
|
161,027
|
4,643,335
|
50,039,467
|
|
Supermarkets
|
Shopping
Center
|
Home
Improvement
|
Department
Stores
|
Financial Services
(Insurance +cards +bank)
|
Support Services,
Financing, and Other Settings
|
Total
Consolidated
|
As of December
31, 2016
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
ThCh$
|
Property plant and
equipment
|
113,455,353
|
33,906,164
|
11,131,370
|
27,836,982
|
1,258,327
|
4,803,064
|
192,391,260
|
Intangible asset,
other that goodwill
|
8,638,903
|
138,107
|
2,964,884
|
9,083,317
|
584,489
|
16,262,072
|
37,671,772
|
Goodwill
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Investment
properties
|
-
|
1,225,878
|
-
|
-
|
-
|
-
|
1,225,878
|
Total
additions
|
122,094,256
|
35,270,149
|
14,096,254
|
36,920,299
|
1,842,816
|
21,065,136
|
231,288,910
|
Country
|
Society
|
Grounds
|
Amount
[1]
|
Stage
of
the
process
|
Expected
outcome
[2]
|
|
|
|
ThCh$
|
|
|
|
|
|
|
|
|
Chile
|
Cencosud
S.A.
|
Shares transference
cost
|
7,500,000
|
Trial
|
Positive
|
|
Cencosud
Internacional Limitada
|
Shares transference
cost
|
27,010,215
|
Trial
|
Positive
|
|
Cencosud Retail
S.A.
|
Deductible expenses
income tax
|
1,915,647
|
Trial
|
Positive
|
|
Cencosud Retail
S.A.
|
First category
income tax
|
8,186,021
|
Trial
|
Positive
|
|
Paris
Administradora Sur Limitada
|
First category
income tax
|
3,768,171
|
Trial
|
Positive
|
|
Paris
Administradora Centro Limitada
|
Deductible
expenses, offsetting losses
|
2,388,090
|
Trial
|
Positive
|
|
Cencosud Retail
S.A.
|
Deductible expenses
income tax
|
3,305,773
|
Trial
|
Positive
|
|
Sociedad Comercial
de Tiendas S.A.
|
Income
tax
|
332,015
|
Trial
|
Positive
|
Peru
|
Cencosud
Perú
|
VAT or G&S
tax?
|
1,062,694
|
Trial
|
Positive
|
Brazil
|
Cencosud Comercial
Ltda
|
Income
tax
|
54,940,302
|
Trial
|
Positive
|
|
Cencosud Comercial
Ltda
|
PIS & CONFIS
[3]?
|
20,775,069
|
Trial
|
Positive
|
|
Cencosud Comercial
Ltda
|
Different causes
– Activities Tax
|
14,074,871
|
Trial
|
Positive
|
Stock
options?Impact in P&L
|
As
of March
31,
2017
|
As
of March
31,
2016
|
|
ThCh$
|
ThCh$
|
Impact in the
income statement
|
1,096,628
|
3,739,726
|
Property, plant
and equipment; and Investment property held for
sale
|
3/31/2017
Unaudited
|
12/31/2016
|
|
ThCh$
|
ThCh$
|
|
|
|
Land
|
32,437,651
|
16,570,947
|
Facilities
|
348,921
|
348,921
|
Furnishings
|
5,511
|
5,511
|
Leased
assets
|
5,414,316
|
5,414,316
|
Buildings
|
4,456,863
|
4,456,863
|
|
|
|
Total property,
plant and equipment
|
42,663,262
|
26,796,558
|
|
|
|
Other financial
liabilities, current and non-current - Leasing
|
(3,860,774
)
|
(3,860,774
)
|
|
|
|
Investment
property
|
2,939,242
|
2,939,242
|
Gas stations -
Colombia
|
3/31/2017
Unaudited
|
12/31/2016
|
|
ThCh$
|
ThCh$
|
|
|
|
Other non financial
assets, current
|
140,616
|
134,502
|
Trade receivables
and other receivables, current
|
326,616
|
312,416
|
Inventories,
current
|
950,564
|
877,016
|
Property, plant and
equipment
|
17,315,377
|
16,562,533
|
Trade payables and
other payables, non-current
|
(2,930,314
)
|
(2,802,909
)
|
Other provisions,
current
|
(82,277
)
|
(78,699
)
|
Current provision
for employee benefits
|
(78,742
)
|
(75,319
)
|
|
|
|
Total gas stations
classified as held for sale
|
15,641,840
|
14,929,540
|