PA - Banco Security

CONSOLIDATED STATEMENTS OF CASH FLOWS, INDIRECT METHOD
As of december 31, 2010 and 2009
CONSOLIDATED STATEMENT OF CASH FLOW
Cash flows provided by (used in) operating activities
December 31
2010
ThCLP$
December 31
2009
Profit (loss) to reconcile net income 41,855,991 30,709,222
Adjustments
Adjustments for income tax expense 7,326,772 6,552,062
Adjustments for decreases (increases) in inventories (2,029,865) (2,700,365)
Adjustments for decreases (increases) in trade receivables (123,177,310) (113,739,863)
Adjustments for decreases (increases) in other accounts receivable from operating activities 228,137,216 (110,784,858)
Adjustments for increases (decreases) in trade payables (6,533,819) (11,658,784)
Adjustments for increases (decreases) in other accounts payable from operating activities (83,751,498) (9,539,690)
Adjustments for depreciation and amortization expenses 4,519,540 4,285,971
Adjustments for impairment (impairment loss reversals) recognized in income for the period (14,371,426) 10,177
Adjustments for provisions 12,542,847 (2,161,607)
Adjustments for unrealized foreign currency losses (gains) (4,247) 603,786
Adjustments for non-controlling interests (1,004,216) (723,451)
Adjustments for undistributed profits of associates (2,757,705) (2,546,585)
Other adjustments for non - cash items (32,082,348) (10,660,465)
Adjustments for losses (gains) from the disposal of non-current assets (2,108,600) (575,638)
Other adjustments so that the effects on cash are investing or financing cash flows. (80,736,414) (70,961,493)
Total adjustments for reconciliation of net income (96,031,072) (324,600,802)
ThCLP$
Interest paid (94,452,084) (127,633,544)
Interest received 86,686,208 206,932,058
Refundable (paid) income tax (27,586) (25,341)
Other cash inflows (outflows) (600,204) -
Net cash flows provided by (used in) operating activities (62,568,747) (214,618,408)
Cash flows provided by (used in) investing activities
Cash flows from loss of control over subsidiaries or other businesses - 200
Cash flows used to obtain control over subsidiaries or other businesses (13,373) -
Cash flows used to purchase non-controlling interests (2,991) (25,774,191)
Other payments to acquire equity or debt instruments of other entities (31,498) -
Other charges for the sale of interests in joint ventures - -
Other payments to acquire interests in joint ventures 68,232,399 41,703,430
Loans to related entities (320,088) -
Proceeds from the sale of property, plant and equipment 7,500 -
Purchases of property, plant and equipment (19,461,973) (6,272,724)
Amounts provided by sale of intangibles (7,101,347) (620)
Purchases of intangibles (179,944) (4,990,234)
Charges to related entities 7,212,584 773,212
Dividends received 984,992 1,557,231
Interest received - -
Refunded (paid) income tax 14,042 2,903
Other cash inflows (outflows) 1,425,006 429,689
Net cash flows provided by (used in) investing activities 50,765,309 7,428,895