annual report grupo security - Banco Security

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2007ThCh$2006ThCh$Accrual for contingencies assocaited with investments 3,219,500 -Loss from future contracts 98,994 127,981Loss on sale of shares 74,284 95,383Other non-operating expenses 18,320 12,661Litigations - 256,166Accrual for consulting and financial market research expenses 676,747 192,433Insurance division reorganization expenses - 2,685,000Others 814,503 257,500Total 4,902,348 3,627,1242 2 . P R I C E - L E V E L R E S TAT E M E N TDetails of the net charge to income from monetary correction, as described in Note 2 e, are as follows:Indexation2007ThCh$2006ThCh$Assets (charges) / creditsInventories CPI 181,046 51,162Fixed assets CPI 276,064 50,845Investments in related companies CPI 9,770,077 4,790,525Goodwill CPI 2,823,149 1,051,151Other non-monetary assets CPI 5,923,832 797,940Other non-monetary assets UF 6,050 -Expense and cost accounts CPI 671,159 151,422Total credits 19,651,377 6,893,045Liabilities (charges) / creditsShareholders’ equity CPI (14,831,936) (5,604,374)Non-monetary liabilities CPI (6,413,562) (1,625,715)Non-monetary liabilities UF (6,119) -Income accounts CPI (714,102) (162,300)Total charges (21,965,719) (7,392,389)Loss from price-level restatement (2,314,342) (499,344)
annual report 2007grupo securitypage 1372 3 . E X C H A N G E D I F F E R E N C E SDetails of exchange differences at December 31, 2007 and 2006 are as follows:Price-level restatement of2007ThCh$(Charges) / creditsCash (22,914) 5,121Dollar investments - 30,140Accounts payable 436,410 -Total charges (credits) 413,496 35,2612006ThCh$LiabilitiesOther liabilities in dollars 4,456 (3,029)Total charges 4,456 (3,029)Net credit (charge) to income 417,952 32,2322 4 . S TAT E M E N T S O F C A S H F L O W SIn accordance with Technical Bulletin No.50 of the Chilean Institute of Accountants, the Company has considered as cash equivalents allinvestments made as part of the normal management of cash surpluses, with maturities of less than 90 days.At December 31, 2007 and 2006, there are no financing or investing activities committing future flows not disclosed in the notes.2007ThCh$2006ThCh$Cash 4,327,215 3,453,568Time deposits 262,722 60,252Resale agreements 12,697,477 2,945,103Mutual fund units 8,421,541 1,473,743Total 25,708,955 7,932,666
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a n n u a l r e p o r t2 0 0 7g r u
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annual report 2007grupo securitypag
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Security produced a 148% real incre
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B O A R D O F D I R E C T O R SC H
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SUPERBRANDSSuperbrands placed Grupo
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FUNDACION CHILEUNIDO SEMINARFUNDACI
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1981Banco Urquijo de Chile is forme
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economic and financial environment
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A R E A S O F B U S I N E S SThe fo
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F I N A N C I N GGrupo Security par
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B A N C O S E C U R I T YThe missio
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• PRIVATE BANKINGThis is focused
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I N V E S T M E N T SGrupo Security
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MUTUAL FUNDS SECURITYSHORT-TERM FIX
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I N S U R A N C ET H E I N S U R A
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In terms of investment income, life
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2.45%54.9432.71%2.04%44.1901.63%1.5
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S E R V I C E SIn order to provide
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T R A V E L S E C U R I T Y S . A .
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investment and financing policies
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I n f o r m a t i o n o n t h e c o
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The human team making up Grupo Secu
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D I R E C T O R S ’ A L L O W A N
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D I V I D E N D S P A I DThe follow
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The following shows the volume of G
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M A T E R I A L I N F O R M A T I O
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financial statementsunconsolidatedc
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I N D E P E N D E N T A U D I T O R
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