15. OTHER FINANCIAL LIABILITIESThe breakdown of this category for each period is given in the following table.12/31/2011Th.CLP$12/31/2010Th.CLP$CurrentInterest accruing loans 987,193 433,723Creditors for financial leasing 1,644,813 1,494,233Non-hedge derivatives 15,799,808 12,427,560Hedge derivatives 152,227 215,170Current subtotal 18,584,041 14,570,686NoncurrentInterest accruing loans 311,422,507 282,380,867Creditors for financial leasing 8,239,236 9,481,683Non-hedge derivatives - 1,688,763Hedge derivatives 33,842,271 56,779,729Noncurrent subtotal 353,504,014 350,331,042Total other financial liabilities 372,088,055 364,901,728_a) Loans Accruing Interest – As of December 31, 2011, the current values of the following bank loans were:179_Syndicated Loan administered by Citibank N.A. Balance of USD $400,000,000, at Libor USD 90 day + 0.275%._Credit provided by Scotiabank & Trust (Cayman) Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. Joint loan for USD $200,000,000, at Libor USD 90 day + 0.95%_b) Hedge Derivatives – Cash flow - This balance corresponds to the market value of derivative contracts classified as hedges against exchange and interest raterisks, Cross Currency Swap (CCS), with respect to the syndicated loan administered by Citibank N.A. These CCS contracts include the substitution of obligationsfor USD $173 million at a rate of Libor 90 day + 0.275% for UF 4,491,000, and obligations in Chilean pesos for Th.CLP $22,600,000, both rates fluctuating between2.95% and 5.58%.Report 2011_c) Derivatives at Fair Value with Change in Income – This item includes foreign exchange futures contracts (FR), with a purchase obligation of USD $411 millionand EUR €3 million, in a total of Th.CLP $222,023,105.It also includes CCS contracts due to expire in June 2012, with a purchase obligation of USD $67 million, in UF 2,246,000. The interest rate for these CCS contractsis the Libor USD 90 day + 0.275% for components in dollars, with rates fluctuating between 2.95% and 3.05% for the UF component.
In calculating the market value of derivative instruments flows are discounted considering variables quoted on active markets (interest rates). Consequently, themarket values determined are classified under the second level of the IFRS 7 hierarchy.The expiry profile of the nominal flows for other financial liabilities is presented in the following table. For the purposes of calculating values, capital and interestpayment flows (without discounting values) have been considered for financial debts and the compensation value of financial derivatives with favorable balances,according to the current exchange rates at the close of the period.CreditorClass ofLiabilityTotal debtTh.CLP$Current (term in days)0–90 daysOn 12/31/201191 days – 1yearTotalCurrentTh.CLP$Noncurrent (term in years)1 - 3 3–5Morethan 5TotalNoncurrentTh.CLP$Banco de Crédito e Inversiones Loans 448,197 448,197 - 448,197 - - - -Citibank N.A. (syndicated) Loans 211,306,353 506,934 1,360,268 1,867,202 209,439,151 - - 209,439,151The Bank of Tokyo-Mitsubishi UFJ, Ltd (deal) Loans 53,293,443 136,209 340,067 476,276 52,817,167 - - 52,817,167Scotiabank & Trust (Cayman) Ltd (deal) Loans 53,293,443 136,209 340,067 476,276 52,817,167 - - 52,817,167Banco de Crédito e Inversiones Loans 341,752 29,292 87,878 117,170 224,582 - - 224,582Claro Comunicaciones S.A. (Telmex S.A.) Loans 3,305,099 472,157 - 472,157 944,314 944,314 944,314 2,832,942Deutsche Bank (Chile) Hedge derivatives 17,622,114 344,410 885,165 1,229,575 16,392,539 - - 16,392,539Banco Santander - Chile Hedge derivatives 8,863,497 173,675 446,361 620,036 8,243,461 - - 8,243,461Banco de Chile Hedge derivatives 1,506,385 120,646 307,908 428,554 1,077,831 - - -180Scotiabank Chile Hedge derivatives 8,910,091 181,357 433,424 614,781 8,295,310 - - -Scotiabank Chile Hedge derivatives 2,341,189 176,306 449,520 625,826 1,715,363 - - -Deutsche Bank (Chile) Non-hedge derivatives 7,947,800 172,205 7,775,595 7,947,800 - - - -Banco Santander - Chile Non-hedge derivatives 3,996,417 86,837 3,909,580 3,996,417 - - - -Report 2011Scotiabank Chile Non-hedge derivatives 4,104,206 90,678 4,013,528 4,104,206 - - - -Banco Bice Non-hedge derivatives 49,000 - 49,000 49,000 - - - -Banco de Crédito e Inversiones Non-hedge derivatives 1,059,480 184,000 875,480 1,059,480 - - - -Banco Bilbao Vizcaya Argentaria, Chile Non-hedge derivatives 244,250 76,050 168,200 244,250 - - - -Corpbanca Non-hedge derivatives 140,725 63,225 77,500 140,725 - - - -Banco de Chile Non-hedge derivatives 162,780 98,280 64,500 162,780 - - - -Banco Santander - Chile Non-hedge derivatives 1,800 1,800 - 1,800 - - - -Banco del Estado de Chile Non-hedge derivatives 352,950 - 352,950 352,950 - - - -HSBC Bank (Chile) Non-hedge derivatives 190,700 - 190,700 190,700 - - - -JP Morgan Chase Bank, N.A. Non-hedge derivatives 89,400 7,500 81,900 89,400 - - - -Banco de Crédito e Inversiones Non-hedge derivatives 1,140 1,140 - 1,140 - - - -Banco Bilbao Vizcaya Argentaria, Chile Non-hedge derivatives 4,600 4,600 - 4,600 - - - -Corpbanca Non-hedge derivatives 500 500 - 500 - - - -Deutsche Bank (Chile) Non-hedge derivatives 30,000 30,000 - 30,000 - - - -Banco del Estado de Chile Non-hedge derivatives 6,780 6,780 - 6,780 - - - -HSBC Bank (Chile) Non-hedge derivatives 21,150 21,150 - 21,150 - - - -Scotiabank Chile Non-hedge derivatives 11,240 11,240 - 11,240 - - - -Consorcio Nacional de Seguros S.A. Financial Leasing 9,447,934 497,248 1,396,275 1,893,523 3,723,401 2,108,482 1,722,528 7,554,411Chilena Consolidada Seguros de Vida S.A. Financial Leasing 1,455,908 54,597 163,790 218,387 436,772 436,772 363,977 1,237,521Banco Bice Financial Leasing 1,023,873 41,508 124,525 166,033 332,067 332,067 193,706 857,840Bice Vida Cía. de Seguros de Vida S.A. Financial Leasing 454,968 23,533 70,598 94,131 188,263 172,574 - 360,837Commercial accounts payable and other Commercial credit 326,224,772 326,224,772 - 326,224,772 - - - -Total 718,253,936 330,423,035 23,964,779 354,387,814 356,647,388 3,994,209 3,224,525 363,866,122
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Company IdentificationChairman’s
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Juan José Hurtado VicuñaChairmanC
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CONSOLIDATED REVENUEValues calculat
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CONSOLIDATED OPERATING INCOMEValues
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Chapter 1CompanyinfOrmation_
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KEY FIGURES 2011In CLP$ million 200
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1997199820002001PCS MOBILE TELEPHON
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Since 2009, Entel has had a Code of
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New StructureIn its current organiz
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“workForce*_27ParentCompanyMobile
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72 projectswere undertaken by Human
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Entel sponsored the Sensation and C
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“Live better connected” Campaig
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Chapter 2StrategicfouNdations_
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Entel spentUSD $502 millionon the d
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custOmerserVice_42Report 2011The ma
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Consultancy, good practices and the
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innovAtion_46Report 2011Innovation
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48Report 2011I-factoryEntel has cre
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MarketSegments_Chapter 3
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REVENUE FOR CHILEAN TELECOMMUNICATI
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Connectivity Breaking Down Barriers
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December 5, 2011January 16, 2012Mar
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CONSUMERS SEGMENT SHARE OF TOTALENT
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945,429 subscribersMBB services (in
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Innovations 2011The new products an
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ENTERPRISE SEGMENT SHARE OF TOTALEN
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+50% market sharein mobile services
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CORPORATE SEGMENT SHARE OF TOTAL EN
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Mobile ServicesInfrastructureFor th
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15 %annual growthin Wholesale Segme
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In August 2011, the second stage of
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COPC® CertificationIn April 2011,
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compAny andfiNancialinformation_
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*Tax ID No. Shareholders Quantity o
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On January 24, 2005, the board of d
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sumMary oftransactiOns_Summary shar
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Interest Rate Risks124Report 2011Th
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consolidAted materiAlevEnts 2011_12
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- Page 184 and 185: CreditorClass ofLiabilityTotal debt
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Subsidiaries of Entel S.A.Company N
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