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

Note 25 – Consolidated Statements of Cash Flows
The Company has considered all investments made as part of the regular management of cash surpluses, expiring in less than 90 days and
with low risk of recoverability as cash and cash equivalents, in accordance with Technical Bulletin No. 50 issued by the Chilean Association
of Accountants.
As of December 31, 2008 and 2007, there are no financing or investment activities that commit cash flows that have not been disclosed
in the notes.
Composition of cash and cash equivalents
2 0 0 8
T h C h $
2 0 0 7
T h C h $
Cash 7,747,581 4,712,337
Time deposits 7,378,484 2,555,925
Sellback agreements (1) 7,980,830 13,827,545
Mutual funds units (2) 3,775,145 9,171,058
Total 26,882,040 30,266,865
(1) These balances are presented under other current assets (Note 10).
(2) These balances are presented under marketable securities (Note 4)
Note 26 - Contingencies and Restrictions
Of the companies that have been consolidated the following have contingencies and/or restrictions as of December 31, 2008 and
2007.
Grupo Security S.A.
As of December 31, 2008 and 2007, the Company has the following ratios and restrictions arising from the placement of bonds:
Indebtedness: The Company must maintain a level of debt not exceeding 0.4 in its quarterly financial statements, measured using the
figures in its individual balance sheet. Such indebtedness is defined as the ratio between demand liabilities and shareholders’ equity for
all series in 2008 and 2007.