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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C O N S O L I D A T E D S T A T E M E N T S O F I N C O M E
as of December 31, 2008 and 2007 (in millions of chilean pesos - MCh$)
2 0 0 8
M C h $
CONSOLIDATED
2 0 0 7
M C h $
Interest revenue 238 ,599 174 ,135
Interest expense (201 ,985) (152 ,330)
Net income for interest and indexation 36 ,614 21 ,805
Income from fees and commissions 22 ,752 22 ,415
Expenses from fees and commissions (3 ,176) (3 ,493)
Net fees and commissions 19 ,576 18 ,922
Net income from trading and brokerage activities 39 ,455 52 ,509
Foreign exchange transaction, net (13 ,135) 2 ,960
Other operating income 5 ,197 2 ,660
Total operating revenues 87 ,707 98 ,856
Provisions for loan losses (10 ,310) (6 ,036)
Net operating revenues 77 ,397 92 ,820
Staff expenses (21 ,537) (20 ,934)
Administrative expenses (23 ,840) (21 ,410)
Depreciation and amortization (2 ,388) (2 ,159)
Impairments - -
Other operating expenses (2 ,426) (4 ,780)
Total operating expenses (50 ,191) (49 ,283)
Net operating income 27 ,206 43 ,537
Income attributable to affiliates 164 174
Net loss from price-level restatement (10 ,509) (8 ,255)
Income before income tax 16 ,861 35 ,456
Income tax (2 ,529) (5 ,761)
Income from continued operations 14 ,332 29 ,695
Income of discontinued operations - -
Consolidated net income for the year 14 ,332 29 ,695
Attributable to:
Equity holders of the parent 14 ,340 29 ,675
Minority interest (8) 20
Net income per share attributable to Equity holders of the parent:
Basic net income 104 219
Diluted net income - -