A N N U A L R E P O R T G R U P O S E C U R I T Y ... - Banco Security
A N N U A L R E P O R T G R U P O S E C U R I T Y ... - Banco Security
A N N U A L R E P O R T G R U P O S E C U R I T Y ... - Banco Security
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102<br />
Note 18 - Foreign currency translation<br />
As of December 31, 2008 and 2007 foreign currency translation is detailed as follows:<br />
Description<br />
Currency<br />
2 0 0 8<br />
T h C h $<br />
2 0 0 7<br />
T h C h $<br />
Assets (charges)/credits<br />
Mutual funds installments U.S. dollar - (608)<br />
Total charges - (608)<br />
Foreign currency translation - (608)<br />
Note 19 - Statements of Cash Flows<br />
The Company has considered all investments made as part of the regular management of cash surpluses, expiring in less than 90 days and<br />
with low risk of recoverability, as cash and cash equivalents in accordance with Technical Bulletin No. 50 issued by the Chilean Association<br />
of Accountants.<br />
As of December 31, 2008 and 2007, there are no financing or investment activities that commit to future cash flows that have not been<br />
disclosed in the notes.<br />
Composición del efectivo y efectivo equivalente<br />
2 0 0 8<br />
T h C h $<br />
2 0 0 7<br />
T h C h $<br />
Cash 60,645 20,018<br />
Time deposits 60,926 61,876<br />
Sellback agreement (1) 6,447,172 3,259,359<br />
Mutual funds units (2) - 4,511,229<br />
Total 6,568,743 7,852,482<br />
(1) These balances are presented under other current assets (Note 8-9).<br />
(2) These balances are presented under marketable securities (Note 4).
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