Question: CCU sometimes prepays farmers for barley and hops (grains) to be provided in subsequent year's harvests. Prepayments are sometimes for two seasons, but never for more than two. Prepayments always pay out as expected (i.e., grain associated with a 2020 prepayment for the 2022 season will be received in 2022). Note that this implies that you need to think about how deposits move between the noncurrent and current Prepayment accounts
During 2021, CCU will sign contracts and prepay CLP4.0 for grains to be provided in 2022 and CLP2.0 for grains to be provide in 2023. In addition, CCU will sign contracts for CLP 3.5 for grain to be delivered in 2024, payment for which will be made in 2023.