PA - Banco Security

e) Statement of Financial Position by Segment as of January 1, 2009
Statement of Financial Position
FINANCING INVESTMENTS INSURANCE SERVICES
SUPPORT AND
GROUP
ADJUSTMENTS
TOTAL
ThCLP$ ThCLP$ ThCLP$ ThCLP$ ThCLP$ ThCLP$ ThCLP$
Assets
Total current assets 3,255,909,299 122,985,725 753,387,486 17,659,908 16,313,729 (17,559,418) 4,148,696,729
Total non-current assets 82,938,168 585,216 39,837,170 5,102,877 313,299,890 (266,487,356) 175,275,965
Total assets 3,338,847,467 123,570,941 793,224,656 22,762,785 329,613,619 (284,046,774) 4,323,972,694
SUPPORT AND
FINANCING INVESTMENTS INSURANCE SERVICES
Statement of Financial Position
GROUP
ADJUSTMENTS TOTAL
ThCLP$ ThCLP$ ThCLP$ ThCLP$ ThCLP$ ThCLP$ ThCLP$
Liabilities
Total current liabilities 2,972,111,756 119,284,023 725,886,724 11,817,594 11,478,428 (17,559,408) 3,823,019,117
Total non-current liabilities 170,159,020 340,166 7,782,420 153,729 85,939,894 - 264,375,229
Total liabilities 3,142,270,776 119,624,189 733,669,144 11,971,323 97,418,322 (17,559,408) 4,087,394,346
Note 31 – Environment
Grupo Security is not affected by this item as it is an investment holding company.
Note 32 – Risk Management
Grupo Security considers risk management to be critical to achieve the profitability targets defined by its shareholders and also to
guarantee its business continuity. The implementation of this risk management in Grupo Security’s companies is supervised on a
centralized basis by the Business Risk Management and Controller’s Office which consolidates and informs Grupo Security’s Board of
Directors periodically.
As Grupo Security S.A. is the parent of a conglomerate of companies that are diversified in different sectors of the local financial industry,
its subsidiaries have a number of risk factors that are unique to the sector in which they are involved and are controlled by specialized
units to each of the companies.
In each of its related companies Grupo Security has overseer the development of structures and processes required to properly identify,
measure, and value all kinds of risks, as well as follow-up on those risks in accordance with policies defined by the Board of Directors of
each company and the regulations defined by the authorities.
I. Risk Factors
1) Operational Risk
In the continuous improvement of its corporate governance and particularly its internal controls, Grupo Security has developed
control tools for the most significant processes in each of its companies by mapping those processes, developing flowcharts and
separate and consolidated risk maps, and documenting all of the information collected which is used in operations. This has
allowed the Group to identify risks and develop mitigating action plans.
On a monthly basis, the Group performs follow - up of its mitigating action plan and risk determination using a computer program