EX-2 3 exhibit-2.htm EXHIBIT 2: INCOME STATEMENT (YEAR TO DATE 2007)

Exhibit 2: Income Statement (Nine Months Ended September 30, 2007)

Exhibit 2: Income Statement (Nine Months Ended September 30, 2007)
			Ch$ millions				US$ millions (1)				%
			30-Sep-07	30-Sep-06			30-Sep-07	30-Sep-06			Change
Net sales			429.753	398.009			840,6	778,5			8,0%
Cost of goods sold			(206.634)	(194.714)			(404,2)	(380,9)			6,1%
	% of sales		48,1%	48,9%			48,1%	48,9%
Gross profit			223.119	203.295			436,4	397,7			9,8%
	% of sales		51,9%	51,1%			51,9%	51,1%
SG&A			(159.275)	(152.774)			(311,6)	(298,8)			4,3%
	% of sales		37,1%	38,4%			37,1%	38,4%
Operating income			63.844	50.521			124,9	98,8			26,4%
	% of sales		14,9%	12,7%			14,9%	12,7%
Non-operating result
	Financial income		1.030	1.505			2,0	2,9			-31,6%
	Equity in NI of rel. companies		(356)	111			(0,7)	0,2			NM
	Other non-operating income		2.062	3.390			4,0	6,6			-39,2%
	Amortization of goodwill		(2.036)	(3.064)			(4,0)	(6,0)			-33,5%
	Interest expense		(5.874)	(5.835)			(11,5)	(11,4)			0,7%
	Other non-operating expenses		(3.020)	(1.315)			(5,9)	(2,6)			129,7%
	Price level restatement		(2.244)	(949)			(4,4)	(1,9)			136,4%
	Currency exchange result		6	(485)			0,0	(0,9)			NM
	Total		(10.432)	(6.642)			(20,4)	(13,0)			57,1%
Income before taxes			53.412	43.879			104,5	85,8			21,7%
	Income taxes		(8.831)	(9.281)			(17,3)	(18,2)			-4,8%
	Tax rate		16,5%	21,2%			16,5%	21,2%
Minority interest			(1.409)	279			(2,8)	0,5			NM
Amort. of negative goodwill			38	39			0,1	0,1			-2,0%
Net income			43.210	34.916			84,5	68,3			23,8%
	% of sales		10,1%	8,8%			10,1%	8,8%
Earnings per share			135,67	109,63			0,27	0,21			23,8%
Earnings per ADR			678,33	548,13			1,33	1,07
Weighted avg. shares (millions)			318,5	318,5			318,5	318,5
Depreciation			32.756	32.620			64,1	63,8			0,4%
Amortization			437	459			0,9	0,9			-4,9%
EBITDA			97.037	83.600			189,8	163,5			16,1%
	% of sales		22,6%	21,0%			22,6%	21,0%
Capital expenditures			38.082	33.687			74,5	65,9			13,0%
(1) Exchange rate: US$1.00 = Ch$511.23