Vivir mejor - Entel

The derivatives category applies to all contracts with positive balances for the Group companies. Those representing credits of balances against the Group, as wellas the notional values of contracts, are included under Other Financial Liabilities (Note 15).Debtors for Financial Leasing reflects balances related to the current contract with Telmex S.A. and corresponds to capital installments to be received in more thanone year’s time for the long term lease of telecommunications infrastructure.The contract comprises 19 equal annual payments of UF 40,262.12 each, the last of which is due on January 10, 2017, and a final installment (the purchase option)of UF 30,196.59 due on January 10, 2018.This value is shown net of non-accrued interest determined on the basis of the interest rate included in the contract, equivalent to an annual rate of 8.7%.The expiry profile of this contract is as follows:Minimum leasing payments 12/31/2011 12/31/2010Gross Interest Present value Gross Interest Present valueLess than one year 897,605 - 897,605 862,659 - 862,659Between one and five years 4,301,024 ( 1,028,674 ) 3,272,350 4,164,971 ( 1,113,993 ) 3,050,978More than five years 860,205 ( 205,735 ) 654,470 1,665,988 ( 445,597 ) 1,220,391Total 6,058,834 ( 1,234,409 ) 4,824,425 6,693,618 ( 1,559,590 ) 5,134,0281637. OTHER NON-FINANCIAL ASSETSThis item principally corresponds to prepaid expenses, detailed in the table below.Report 2011Other non-financial assets Current Non current12/31/2011Th.CLP$12/31/2010Th.CLP$12/31/2011Th.CLP$12/31/2010Th.CLP$Prepaid ExpensesLeasing, land, property 9,910,532 9,196,422 1,844,952 2,031,806Leasing, capacity 484,867 759,537 926,686 1,425,177Insurance 1,921,027 563,591 - -Marketing 1,045,807 370,603 1,836,256 -Other services 3,240,495 1,573,851 66,182 397,094Deferred costs for customer installations 151,669 500,318 35,337 72,422Other - 180,703 9,265 9,279Total 16,754,397 13,145,025 4,718,678 3,935,778