Financial Statements - Entel

EMPRESA NACIONAL DE TELECOMUNICACIONES S.A. & SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFor Transalation Purposes OnlyType of assetCurrency 12/31/2011Values not discounted according to expiries91 days – 1Th.CLP 1–90 days 1–3 years 3–5 yearsyearCash and cash equivalents Dollars 1,023,299 1,023,299 - - -Peruvian Sol 785,715 785,715 - - -Euros 9,311 9,311 - - -Other current financial assets Dollars 250,068,924 64,108,792 185,960,132 - -Other current non-financial assets Dollars 128,446 128,446 - - -Peruvian Sol 14,143 14,143 - - -Commercial debtors and other accounts receivable, current Dollars 6,865,546 6,865,546 - - -Peruvian Sol 1,670,175 1,670,175 - - -Euros 4,139,857 4,139,857 - - -Current tax assets Peruvian Sol 1,066,064 - 1,066,064 - -Other noncurrent financial assets Dollars 89,664,668 - - 89,664,668 -Noncurrent rights receivable Peruvian Sol 476,023 - - 476,023 -Intangible assets Peruvian Sol 4,845,860 - - - -Property, plant and equipment Peruvian Sol 10,192,789 - - - -Deferred tax assets Peruvian Sol 1,267,102 - - - -Total assets in foreign currency 372,217,922Dollars 347,750,883Peruvian Sol 20,317,871Euros 4,149,168Type o f lia bilityC urre nc y 12 / 3 1/ 2 0 12Va lue s no t dis c o unte d a c c o rding to e xpirie sTh.C LP 1– 9 0 da ys 9 1 da ys – 1 ye a r 1– 3 ye a rs 3 – 5 ye a rs 5 + ye a rsOther financial liabilities, current USD 730,964 179,752 551,212 - - -Trade and other accounts payable USD 40,008,963 40,008,963 - - - -EUR 6,566,918 6,566,918 - - - -PEN 767,997 767,997 - - - -Other financial liabilities, noncurrent USD 309,312,292 - - 309,312,292 - -Provisions, noncurrent USD 92,360 - - - - -Deferred tax liabilities PEN 419,487 - - - - -Total liabilities in foreign currency 357,898,981USD 350,144,579PEN 1,187,484EUR 6,566,918At the end of each accounting period, Group companies held derivative contracts for exchange rateprotection (foreign currency forwards) and the substitution of obligations in dollars at variableinterest rates for obligations in the national currency index (Unidades de Fomento, UF) at a fixed- 52 -