EX-1 2 exhibit-1.htm EXHIBIT 1:INCOME STATEMENT (THIRD QUARTER 2007)

Exhibit 1: Income Statement (Third Quarter 2007)

Exhibit 1: Income Statement (Third Quarter 2007)
			Ch$ millions				US$ millions (1)				%
			Q3'07	Q3'06			Q3'07	Q3'06			Change
Net sales			137.387	131.057			268,7	256,4			4,8%
Cost of goods sold			(68.479)	(65.470)			(133,9)	(128,1)			4,6%
	% of sales		49,8%	50,0%			49,8%	50,0%
Gross profit			68.907	65.587			134,8	128,3			5,1%
	% of sales		50,2%	50,0%			50,2%	50,0%
SG&A			(51.901)	(49.889)			(101,5)	(97,6)			4,0%
	% of sales		37,8%	38,1%			37,8%	38,1%
Operating income			17.006	15.698			33,3	30,7			8,3%
	% of sales		12,4%	12,0%			12,4%	12,0%
Non-operating result
	Financial income		(235)	237			(0,5)	0,5			NM
	Equity in NI of rel. companies		(63)	33			(0,1)	0,1			NM
	Other non-operating income		478	589			0,9	1,2			-18,8%
	Amortization of goodwill		(652)	(691)			(1,3)	(1,4)			-5,7%
	Interest expenses		(1.846)	(1.917)			(3,6)	(3,8)			-3,7%
	Other non-operating expenses		(641)	(687)			(1,3)	(1,3)			-6,8%
	Price level restatement		(1.081)	(848)			(2,1)	(1,7)			27,5%
	Currency exchange result		(361)	30			(0,7)	0,1			NM
	Total		(4.401)	(3.255)			(8,6)	(6,4)			35,2%
Income before taxes			12.606	12.444			24,7	24,3			1,3%
	Income taxes		(1.893)	(2.659)			(3,7)	(5,2)			-28,8%
	Tax rate		15,0%	21,4%			15,0%	21,4%
Minority interest			(702)	(343)			(1,4)	(0,7)			104,9%
Amort. of negative goodwill			12	13			0,0	0,0			-8,7%
Net income			10.021	9.454			19,6	18,5			6,0%
	% of sales		7,3%	7,2%			7,3%	7,2%
Earnings per share			31,46	29,68			0,06	0,06			6,0%
Earnings per ADR			157,32	148,42			0,31	0,29
Weighted avg. shares (millions)			318,5	318,5			318,5	318,5
Depreciation			10.809	10.650			21,1	20,8			1,5%
Amortization			140	142			0,3	0,3			-1,1%
EBITDA			27.955	26.490			54,7	51,8			5,5%
	% of sales		20,3%	20,2%			20,3%	20,2%
Capital expenditures			14.936	14.998			29,2	29,3			-0,4%
(1) Exchange rate: US$1.00 = Ch$511.23