EX-5 10 exhibite.htm BALANCE SHEET

exhibite

Compania Cervecerias Unidas S.A.
Exhibit 5: Balance Sheet
		Ch$ millions				US$ millions (1)
		jun-30-2002	jun-30-2001			jun-30-2002	jun-30-2001			% Change
ASSETS
Cash & equivalents		70,992	70,776			103.2	102.9			0.3%
Other current assets		111,165	116,183			161.6	168.9			-4.3%
Total current assets		182,157	186,959			264.7	271.7			-2.6%
PP&E, net		335,739	344,738			488.0	501.0			-2.6%
Other assets		86,623	89,924			125.9	130.7			-3.7%
TOTAL ASSETS		604,519	621,621			878.6	903.5			-2.8%
LIABILITIES &
STOCKHOLDERS' EQUITY
Short-term debt (2)		32,347	30,210			47.0	43.9			7.1%
Other current liabilities		44,790	51,391			65.1	74.7			-12.8%
Total current liabilities		77,137	81,601			112.1	118.6			-5.5%
Long-term debt (2)		40,059	56,579			58.2	82.2			-29.2%
Other long-term labilities		31,974	29,949			46.5	43.5			6.8%
Total long-term liabilities		72,033	86,528			104.7	125.8			-16.8%
Minority interest		39,737	39,486			57.8	57.4			0.6%
Stockholders' equity		415,611	414,007			604.0	601.7			0.4%
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY		604,519	621,621			878.6	903.5			-2.8%
OTHER FINANCIAL INFORMATION
Cash & equivalents plus
other liquid assets		90,176	94,936			131.1	138.0			-5.0%
Total financial debt		72,406	86,789			105.2	126.1			-16.6%
Net debt (3)		(17,771)	(8,148)			(25.8)	(11.8)			118.1%
Liquidity ratio		2.36	2.29
Debt / Capitalization		0.14	0.16
(1) Exchange rate: US$ 1.00 = Ch$ 688.05
(2) Includes only financial debt
(3) Total financial debt minus cash & equivalents plus other liquid assets