annual report grupo security - Banco Security

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i n v e r s i o n e s s e g u r o s s e c u r i t y l i m i t a d a A N D S U B S I D I A R I E St y p e o f c o m p a n yLimited partnershipi n s c r i p t i o n i n t h e s e c u r i t i e s r e g i s t e rInversiones Seguros Security Ltda. is not inscribed in the Securities Register.o b j e c t sThe company’s objects are to manage any kind of business for its own or third party’s account, the provision of business administrationservices, the acquisition and permanent holding of all kinds of corporeal or incorporeal assets, real estate or movable assets, real orpersonal, securities, commercial paper or credit instruments; the temporary assignment of any of these assets in any form: the disposalin any form of the assets indicated or of their returns, whether accrued, pending or received at the time of disposal and the exploitationof the returns on the assets acquired.g e n e r a l i n f o r m a t i o nThe company was constituted by public deed dated November 28, 1995 before the notary Raúl Undurraga Laso. It was inscribed in theSantiago Trade Register on the same date in folio 29562 Nº 23,698 and an extract of the deed was published in the Official Gazette onDecember 5, 1995.The name was changed to its present Inversiones Seguros Security and its capital increased by a public deed dated December 29, 1998,whose extract was published in the Official Gazette on January 4, 1999.p a i d c a p i t a l a n d e q u i t yThe capital and reserves as of December 31, 2007 were Ch$64,329 million and the equity Ch$73,702 million.i n v e s t m e n t a s p r o p o r t i o n o f t h e a s s e t s o f g r u p o s e c u r i t y s . a .Inversiones Seguros Security Limitada represents 24.19% of the assets of Grupo Security.t r a d i n g r e l a t i o n s w i t h s u b s i d i a r y a n d a s s o c i a t e c o m p a n i e s a n d t h e p a r e n tAs a holding company, trading relations are carried out through its subsidiary companies.a d m i n i s t r a t o r s· Renato Peñafiel M. TAX Nº: 6.350.390-8· Francisco Silva S. TAX Nº: 4.103.061-5
annual report 2007grupo securitypage 157s u m m a r i z e d f i n a n c i a l s t a t e m e n t s · D e c e m b e r 3 1 , 2 0 0 7 a n d 2 0 0 6BALANCE SHEET2007Ch$ MILLIONS2006Ch$ MILLIONSASSETSCurrent 23,471.0 3,128.9Fixed assets 184.0 205.2Other assets 73,808.2 85,580.2Total ASSETS 97,463.2 88,914.3LIABILITIESCurrent 23,760.7 25,255.5Long-Term Liabilities 0.0 393.8Minority interest 0.5 0.0Capital & reserves 64,328.8 57,737.1Net income for the year 9,373.2 5,527.9TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 97,463.2 88,914.3STATEMENT OF INCOME2007Ch$ MILLIONS2006Ch$ MILLIONSOperating income (3,088.8) (5,079.4)Non-operating loss 11,910.6 9,597.9Income before taxes 8,821.8 4,518.5Minority interest 0.0 0.0Amortización mayor valor inversión 16.6 5.3Income tax 534.8 1,004.1NET INCOME FOR THE YEAR 9,373.2 5,527.9CASH FLOW2007Ch$ MILLIONS2006Ch$ MILLIONSNet cash flow from operating activities (11,577.0) 17,355.5Net cash flow from investment activities 26,139.8 (46,716.7)Net cash flow from financing activities (9,534.6) 30,064.3Net total cash flow the year 9,224.2 703.0Effect of inflation 78.6 (112.1)Net change in cash & cash equivalents 9,613.2 590.9
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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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