EX-3 5 i3.htm EXHIBIT 5:BALANCE

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Exhibit 3: Balance Sheet
		Ch$ millions				US$ millions (1)
		Mar 31-2005	Mar 31-2004			Mar 31-2005	Mar 31-2004			% Change
ASSETS
Cash & equivalents		75.487	22.358			128,8	38,2			237,6%
Other current assets		127.626	179.098			217,8	305,7			-28,7%
Total current assets		203.114	201.456			346,7	343,8			0,8%
PP&E, net		299.097	317.314			510,5	541,6			-5,7%
Other assets		91.978	66.728			157,0	113,9			37,8%
TOTAL ASSETS		594.189	585.498			1.014,1	999,3			1,5%
LIABILITIES &
STOCKHOLDERS' EQUITY
Short-term debt (2)		45.501	39.803			77,7	67,9			14,3%
Other current liabilities		65.970	62.157			112,6	106,1			6,1%
Total current liabilities		111.471	101.960			190,2	174,0			9,3%
Long-term debt (2)		92.569	105.281			158,0	179,7			-12,1%
Other long-term liabilities		28.794	36.195			49,1	61,8			-20,4%
Total long-term liabilities		121.363	141.476			207,1	241,5			-14,2%
Minority interest		39.267	39.501			67,0	67,4			-0,6%
Stockholders' equity		322.087	302.562			549,7	516,4			6,5%
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY		594.189	585.498			1.014,1	999,3			1,5%
OTHER FINANCIAL INFORMATION
Cash & equivalents plus
other liquid assets		77.204	81.431			131,8	139,0			-5,2%
Total financial debt		138.070	145.084			235,6	247,6			-4,8%
Net debt (3)		60.866	63.653			103,9	108,6			-4,4%
Liquidity ratio		1,82	1,98
Debt / Capitalization		0,28	0,30
(1) Exchange rate: US$1.00 = Ch$585.93
(2) Includes only financial debt
(3) Total financial debt minus cash & equivalents plus other liquid assets

Última actualización 28/04/2005
Por Jorge Bustos Concha