annual report grupo security - Banco Security

2 5 . C O N T I N G E N C I E S A N D R E S T R I C T I O N SAmong the companies which have been consolidated, the following have contingencies and/or restrictions at December 31, 2007and 2006.G r u p o S e c u r i t y S . A .At December 31, 2007 and 2006, the Company has the following indexes and restrictions as a result of bond issuances:Indebtedness: The Company must maintain in its quarterly financial statements, a level of indebtedness below 0.4, measured on itsindividual balance figures; such indebtedness is defined as the ratio between current liabilities and equity for all 2007 and 2006 series.·Ownership: Keep a 51% ownership interest in Banco Security for series BSECU-C2 and BSECU-D in 2006 (in 2005 there are none).F a c t o r i n g S e c u r i t y S . A .On August 30, 2005, the Chilean Internal Revenue Service made settlements for the years 2001, 2002 and 2003 to the Factoring SecurityS.A. subsidiary, related to first category tax and the sole tax. The claim for these settlements was filed on November 10, 2005, and wasadministratively solved on May 31, 2007. There are no current contingencies with this regulatory agency.I n m o b i l i a r i a S e c u r i t y S . A .At December 31, 2007 and 2006 the direct subsidiary Inmobiliaria Security S.A. has a ThCh$1,592,004 mortgage on behalf of BancoSecurity to assure compliance with the purchase of land associated with the Huechuraba Project.2 6 . T H I R D P A R T Y G U A R A N T E E SAt December 31, 2007 Sociedad Inmobiliaria Security S.A. in virtue of a lease contract for Huechuraba property has received acertificate of deposit for UF1,000 from Constructora Vespucio Norte S.A. guaranteeing the maintenance of the property.