PA - Banco Security

) Summary of Consolidated Equity as of December 31, 2009
ADJUSTMENTS TO EQUITY IFRS
Equity 31.12.2009
ThCLP$
Total Equity under Chile GAAP 294,558,780
Adjustments first time adoption IFRS
Revaluation goodwill 2,309,928
Recognition difference minimum dividend (6,458,481)
Adjustment difference in amortization of effective discount rate related to bond issuance (631,178)
Non-controlling interest 1,859,966
Price level restatement 7,312,459
Deferred tax discount bond issuance 80,645
Amortization and depreciations (4,985)
Difference investment income under IFRS (4,675,606)
Other expenses, (calculation equity method investment in related parties (1,404,765)
Other income or expenses 64,353
Subtotal (1,547,664)
Total Equity under IFRS 293,011,116
c) Reconciliation of the Consolidated Net Income for the period ended December 31, 2009
ADJUSTMENT TO INCOME IFRS
31.12.2009
ThCLP$
Total Net Income under Chile GAAP 30,076,361
Adjustments to income first time adoption IFRS
Price level restatement 4,183,417
Deferred taxes (1,721)
Indexation unit items at effective interest rate (68,679)
Other expenses, (calculation VP EE.RR) (1,404,765)
Amortization at bond issuance discound at effective interest rate (70,064)
Difference impairment goodwill 982,868
Amortizations and depreciations (4,985)
Difference investment income under IFRS (3,702,052)
Other minor expenses (4,609)
Non-controlling interest 723,451
Subtotal adjustments 632,861
Total net income under IFRS 30,709,222