EX-3 5 exh3.htm EXHIBIT 3:BALANCE

Exhibit 3: Balance Sheet
		Ch$ millions				US$ millions (1)
		Mar 31-2007	Mar 31-2006			Mar 31-2007	Mar 31-2006			% Change
ASSETS
Cash & equivalents		97,662	91,723			181.1	170.1			6.5%
Other current assets		179,226	164,359			332.4	304.8			9.0%
Total current assets		276,888	256,081			513.5	474.9			8.1%
PP&E, net		343,816	328,493			637.6	609.2			4.7%
Other assets		100,809	84,097			187.0	156.0			19.9%
TOTAL ASSETS		721,513	668,671			1,338.1	1,240.1			7.9%
LIABILITIES &
STOCKHOLDERS' EQUITY
Short-term debt (2)		34,202	12,847			63.4	23.8			166.2%
Other current liabilities		106,600	85,506			197.7	158.6			24.7%
Total current liabilities		140,802	98,353			261.1	182.4			43.2%
Long-term debt (2)		117,473	139,738			217.9	259.2			-15.9%
Other long-term liabilities		44,487	39,256			82.5	72.8			13.3%
Total long-term liabilities		161,959	178,994			300.4	332.0			-9.5%
Minority interest		42,590	41,337			79.0	76.7			3.0%
Stockholders' equity		376,161	349,987			697.6	649.1			7.5%
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY		721,513	668,671			1,338.1	1,240.1			7.9%
OTHER FINANCIAL INFORMATION
Cash & equivalents plus
other liquid assets		97,662	91,723			181.1	170.1			6.5%
Total financial debt		151,675	152,585			281.3	283.0			-0.6%
Net debt (3)		54,013	60,862			100.2	112.9			-11.3%
Liquidity ratio		1.97	2.60
Debt / Capitalization		0.27	0.28
(1) Exchange rate: US$1.00 = Ch$539.21
(2) Includes only financial debt
(3) Total financial debt minus cash & equivalents plus other liquid assets