annual report grupo security - Banco Security

d .At December 31, 2007 and 2006, the net charge to income for income taxes is as follows:2007ThCh$2006ThCh$Current tax expenseProvision for first category income tax (1,131,356) (945,379)Tax benefit from tax losses 90,824 -Tax expense adjustment (prior year) (193,499) (19,896)Deferred taxesEffect of the year’s fluctuations in the year’s deferred taxes 1,020,321 893,823Effect of amortization of complementary accounts of deferred assets and liabilities (9,918) (4,896)Other credits (20,997) 312,855Total charge to income (244,625) 236,5079 . O T H E R C U R R E N T A S S E T SThe balance of ThCh$31,800,907 at December 31, 2007 (ThCh$3,464,511 in 2006) mainly represents bonds receivable for separateequity 10, and also resale agreements (Note 10). The details of the balance are as follows:2007ThCh$2006ThCh$Pacts (resale agreements) 14,879,379 2,835,787Assets received in payment 154,495 135,045Rights over leasing contracts 217,952 123,651Contracts receivable (equity bonds) 6,040,452 -Dividends receivable 9,941,769 -Others 566,860 370,028Total 31,800,907 3,464,5111 0 . I N F O R M A T I O N O N S A L E S U N D E R R E P U R C H A S E A G R E E M E N T SCODEStartingdateEndingdateCounterpartOriginalcurrencyValue atsubscription dateRATEFinalvalueIdentification ofinstrumentsBookvalueVRC 12-26-2007 1/2/08 Valores Security S.A. Corredores de Bolsa Chilean pesos 2,990,640 0.5 2,993,920 Notes 2,992,983VRC 12-28-2007 1/2/08 Valores Security S.A. Corredores de Bolsa Chilean pesos 9,698,029 0.5 9,706,111 Notes 9,704,494VRC 4-27-2007 4/1/08 Valores Security S.A. Corredores de Bolsa Chilean pesos 2,013,060 5.9 2,184,721 Notes 2,181,902