EX-5 7 e5.htm EXHIBIT 5: BALANCE

Exhibit 5: Balance Sheet
		Ch$ millions				US$ millions (1)				%
		30-June-05	30-June-04			30-June-05	30-June-04			Change
ASSETS
Cash & equivalents		58,949	65,426			101.8	113.0			-9.9%
Other current assets		158,357	124,720			273.5	215.4			27.0%
Total current assets		217,306	190,146			375.3	328.4			14.3%
PP&E, net		315,796	319,678			545.4	552.1			-1.2%
Other assets		79,359	67,637			137.1	116.8			17.3%
TOTAL ASSETS		612,460	577,461			1,057.8	997.3			6.1%
LIABILITIES &
STOCKHOLDERS' EQUITY
Short-term debt (2)		42,225	37,130			72.9	64.1			13.7%
Other current liabilities		72,872	60,559			125.9	104.6			20.3%
Total current liabilities		115,097	97,689			198.8	168.7			17.8%
Long-term debt (2)		119,756	114,016			206.8	196.9			5.0%
Other long-term liabilities		30,325	33,709			52.4	58.2			-10.0%
Total long-term liabilities		150,081	147,726			259.2	255.1			1.6%
Minority interest		41,659	40,094			72.0	69.2			3.9%
Stockholders' equity		305,623	291,952			527.8	504.2			4.7%
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY		612,460	577,461			1,057.8	997.3			6.1%
OTHER FINANCIAL INFORMATION
Total financial debt		161,981	151,146			279.8	261.0			7.2%
Net debt (3)		103,032	85,720			177.9	148.0			20.2%
Liquidity ratio		1.89	1.95
Debt / Capitalization		0.32	0.31
(1) Exchange rate: US$1.00 = Ch$579.00
(2) Includes only financial debt
(3) Total financial debt minus cash & equivalents