PA - Banco Security

6 PERFORMANCE INDECATORS OF THE CONSOLIDATED STATEMENTS OF FINANCIAL
POSITION
Liquidity Ratios 31-DEc-10 31-DEc-09
Current ratio
(Total current assets/Total current liabilities)
Acid test
(Cash & cash equivalents/Total current liabilities)
times 1.11 1.10
times 0.04 0.04
Levels of Activity 31-DEC-10 31-DEC-09
Total assets Ch$ millions 4,173,242 4,489,050
Inventory turnover NA NA
Inventory permanence NA NA
Debt Ratio 31-DEC-10 31-DEC-09
Individual financial debt ratio1 times 0.31 0.35
Current liabilities /Total liabilities times 0.93 0.93
Non-current liabilities /Total liabilities times 0.07 0.07
Consolidated financial expense coverage times 12.93 7.42
Results 31-DEC-10 31-DEC-09
Ordinary business revenues Ch$ millions 348,044 307,179
Cost of sales Ch$ millions (199,319) (175,141)
Gross margin Ch$ millions 148,725 132,038
Administrative expenses Ch$ millions (86,934) (90,949)
Operating result5 Ch$ millions 61,791 41,089
Financial costs Ch$ millions (4,122) (5,807)
Earnings before tax Ch$ millions 49,183 37,261
Earnings attributable to controller shareholders Ch$ millions 40,852 29,986
E.B.I.T.D.A. 7 Ch$ millions 57,824 47,354
Profitability 31-DEC-10 31-DEC-09
Return on equity 2 % 13.59% 10.42%
Return on assets 3 % 0.98% 0.67%
Return on operational assets4&5 % 1.56% 0.95%
Earnings per share 6 Ch$ 16.02 11.76
Dividend yield % 3.5% 4.6%
(Div. paid 12 months/Closing price for period)
1. Individual debt ratio: the individual total debt Grupo Security to Consolidated equity, as defined in Note 31 to the consolidated financial statements
of Grupo Security.
2. Return on equity: Earnings attributable to the controller shareholders to Equity attributable to the controller shareholders.
3. Return on assets: Earnings attributable to the controller shareholders to Total assets.
4. Operational assets: Total current assets.
5. Operating result: Gross margin plus Administrative expenses.
6. Earnings per share: Earnings attributable to the controller shareholders over the number of shares.
7. E.B.I.T.D.A.: The sum of Earnings before tax, Financial expenses and Depreciation.
8. Return on operating assets: The Operating result over Operating assets (annualized).
9. Financial expenses coverage: The sum of Earnings before tax and Financial costs to Financial costs