EX-99 10 exhifive.htm EXHIBIT 5: BALANCESHEET

Exhibit 5

Compañía Cervecerías Unidas S.A.
Exhibit 5: Balance Sheet
		Ch$ millions				US$ millions (1)
		##	##			##	##			% Change
ASSETS
Cash & equivalents		62,704	83,617			83.7	111.7			-25.0%
Other current assets		##	##			##	##			24.8%
Total current assets		205,759	198,276			274.8	264.8			3.8%
PP&E, net		337,312	355,374			450.5	474.6			-5.1%
Other assets		105,117	96,614			140.4	129.0			8.8%
TOTAL ASSETS		648,188	650,265			865.7	868.5			-0.3%
LIABILITIES &
STOCKHOLDERS' EQUITY
Short-term debt (2)		48,600	33,123			64.9	44.2			46.7%
Other current liabilities		##	##			##	##			-4.8%
Total current liabilities		106,566	93,981			142.3	125.5			13.4%
Long-term debt (2)		40,481	58,624			54.1	78.3			-30.9%
Other long-term labilities		##	##			##	##			-2.0%
Total long-term liabilities		72,046	90,831			96.2	121.3			-20.7%
Minority interest		41,895	41,924			56.0	56.0			-0.1%
Stockholders' equity		427,680	423,529			571.2	565.7			1.0%
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY		648,188	650,265			865.7	868.5			-0.3%
OTHER FINANCIAL INFORMATION
Cash & equivalents plus
other liquid assets		95,658	88,000			127.8	117.5			8.7%
Total financial debt		89,081	91,748			119.0	122.5			-2.9%
Net debt (3)		(6,577)	3,748			(8.8)	5.0			N/A
Liquidity ratio		1.93	2.11
Debt / Capitalization		0.16	0.17
(1) Exchange rate: US$ 1.00 = Ch$ 748,73
(2) Includes only financial debt
(3) Total financial debt minus cash & equivalents plus other liquid assets