Financial Statements - Entel

More documents

Recommendations

Info

For Translation Purposes OnlyEMPRESA NACIONAL DE TELECOMUNICACIONES S.A. & SUBSIDIARIESCONSOLIDATED CASH FLOW STATEMENTFor the years ended December 31, 2012 and 2011DIRECT CASH FLOW STATEMENT01/01/2012 01/01/2011Number12/31/2012 12/31/2011ofNote Th. CLP$ Th. CLP$Amounts charged to customers 1,619,841,670 1,418,482,609Payments to suppliers (846,236,109) (694,217,932)Payments to and on behalf of employees (138,671,189) (131,338,793)Other payments for operating activities (55,027,695) (53,373,227)Amounts received for interest classified as operating 1,799,510 1,263,873Tax on earnings reimbursed (paid) (62,176,473) (30,701,356)Net cash flows used in operating activities 519,529,714 510,115,174Cash flows used to obtain control of subsidiaries - (3,565,222)Amounts received from the sale of property, plant and equipment 13,657 1,819,380Purchases of property, plant and equipment (400,827,441) (407,532,346)Purchases of intangible assets (4,688,495) (3,820,678)Dividends received 1,259 1,217Interest received 2,823,225 3,059,293Government subsidies 1,580,042 5,193,680Net cash flows used in investment activities (401,097,753) (404,844,676)Amounts proceeding from long-term loans 259,675,999 102,536,000Amounts proceeding from short-term loans 201,127,148 448,197Loan payments (368,782,234) (106,277,554)Payments of liabilities for financial leases (1,545,467) (1,403,422)Dividends paid (129,679,618) (140,527,007)Interest paid (11,802,378) (9,211,469)Other cash entries (outgoings) (35,541,270) (4,210,322)Net cash flows used in financing activities (86,547,820) (158,645,577)Net increase (decrease) in cash and cash equivalents 31,884,141 (53,375,079)Effects of foreign currency variations on cash and cash equivalents (1,071,318) 1,166,931Cash and cash equivalents at start of period 23,064,067 75,272,215Cash and cash equivalents at end of period 53,876,890 23,064,067The attached notes, numbered 1–35, form an integral part of these Consolidated Financial Statements–VI–
EMPRESA NACIONAL DE TELECOMUNICACIONES S.A. & SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)For Translation Purposes Only1. COMPANY INFORMATIONa) The Entel GroupEmpresa Nacional de Telecomunicaciones S.A. (Tax ID 92.580.000-7), is constituted and domiciledin the Republic of Chile. The address of its head office is Avenida Andrés Bello 2687, piso 14, LasCondes, Santiago, Chile.It is the parent company of the Entel Group included in these consolidated financial statements.It is an indefinitely constituted public limited company, subject to regulation by the ChileanSecurities and Insurance Supervisor (Reg. No. 162). Its shares are listed in the Register of Securitiesand traded on the national stock market.The controlling shareholder of Entel–Chile S.A. is Inversiones Altel Ltda. (Tax ID 76.242.520-3),which owns 54.76% of stock in circulation. Almendral S.A. (Tax ID 94.270.000-8) directly andindirectly controls 99.99% of Altel Ltda.Almendral S.A. is controlled by a group of shareholders who signed a joint interest agreement onJanuary 25, 2005. The agreement was signed by the Matte, Fernández León, Hurtado Vicuña,Consorcio, Izquierdo and Gianoli groups.The subsidiaries included in the consolidated financial statements are domiciled both in Chile andabroad, with details provided in Note 3 a).Subsidiaries based in Chile are represented by private limited companies not subject to regulationby the Chilean Securities and Insurance Supervisor; as such, their shares are not traded orregistered in the Register of Securities.However, in line with legal requirements for public telecommunications concession holders, thesubsidiaries Entel PCS Telecomunicaciones S.A., Micarrier Telecomunicaciones S.A., and TransamTelecomunicaciones S.A. are registered in the Chilean Securities and Insurance Supervisor SpecialRegister (Nos 33, 247, and 232, respectively). Companies registered in this special register aresubject to the same regulations as public limited companies in terms of market information anddisclosure, except for a requirement to provide interim financial statements on a quarterly basis.The Group’s workforce totaled 8,307 as of December 31, 2012 and averaged 7,771 in 2012.b) Business ActivitiesThe activities undertaken by the Group companies involve mobile telecommunication services,including voice, value added services, data, broadband and mobile Internet. The companies alsoprovide wireline services for integrated solutions for data network services, local telephonyservices, Internet access, long-distance public telephone services, IT services (data center, businessprocess outsourcing and business continuity), infrastructure, network leasing and wholesale traffic.The Group also provides call center services to enterprises and to related companies.These activities are primarily undertaken in Chile. Activities outside Chile are carried out by twocompanies operating in Peru that provide wireline and call center services.–1–
Page 3 and 4: For Translation Purposes OnlyEMPRES
Page 5 and 6: For Translation Purposes OnlyEMPRES
Page 10 and 11: EMPRESA NACIONAL DE TELECOMUNICACIO
Page 14 and 15: Financial LiabilitiesEMPRESA NACION
Page 49 and 50: For evaluation purposes, the profil
Page 57 and 58:
EMPRESA NACIONAL DE TELECOMUNICACIO
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
show all

Financial Statements - Entel

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?