annual report grupo security - Banco Security

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c o r r e d o r e s d e s e g u r o s s e c u r i t y l i m i t a d at 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 rCorredores de Seguros Security Ltda. is not inscribed in the Securities Register.o b j e c t sinsurance broker.g e n e r a l i n f o r m a t i o nCorredores de Seguros Security Limitada was constituted under public deed dated December 3, 1999, signed before the Santiago notaryEnrique Morgan Torres, granting the administration and representation of the company and the use of its name to its partner ServiciosSecurity S.A.p a i d c a p i t a l a n d e q u i t yThe capital and reserves at December 31, 2007 were Ch$1,526 million and the equity Ch$1,565 million.i n v e s t m e n t a s p r o p o r t i o n o f t h e a s s e t s o f g r u p o s e c u r i t y s . a .Corredores de Seguros Security Limitada represents 0.46% of the assets of Grupo Security.t r a d i n g r e l a t i o n s w i t h s u b s i d i a r y a n d a s s o c i a t e c o m p a n i e s a n d t h e p a r e n tCorredora de Seguros Security provides insurance broking services to Grupo Security, Banco Security, Administradora General de Fondos,Valores Security, Factoring Security, Inmobiliaria Security, Asesorías Security, Securitizadora Security GMAC-RFC, Inversiones SegurosSecurity, Servicios Security, Invest Security, Travel, Global Security and Virtual Security.It also brokers general insurance policies and guarantee and credit policies with Seguros Security and life and health policies with Vida Security.The broker also arranges insurance for customers of Banco Security.In the future, there is the possibility of extending the offer of these services to customers of the parent’s subsidiaries and associate companies.b o a r d a n d m a n a g e m e n tDIRECTORS · Francisco Silva Silva TAX Nº: 4.103.061-5· Renato Peñafiel Muñoz TAX Nº: 6.350.390-8LEGAL REPRESENTATIVE · Alejandro Mandiola Parot TAX Nº: 8.684.673-K
annual report 2007grupo securitypage 165s u m m a r i z e d f i n a n c i a l s t a t e m e n t s · D e c e m b e r 3 1 , 2 0 0 7 a n d 2 0 0 6BALANCE SHEET2007Ch$ MILLIONS2006Ch$ MILLIONSASSETSCurrent 1,512.7 1,258.3Fixed assets 142.6 147.2Other assets 675.7 1,903.7Total ASSETS 2,331.0 5,232.0LIABILITIESCurrent 766.4 903.4Long-Term Liabilities 0.0 0.0Capital & reserves 1,525.9 2,269.5Net income for the year 38.7 136.3TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 2,331.0 5,232.0STATEMENT OF INCOME2007Ch$ MILLIONS2006Ch$ MILLIONSOperating income 49.3 95.6Non-operating loss (3.3) 7.0Income before taxes 46.0 102.6Income tax (7.3) 33.7NET INCOME FOR THE YEAR 38.7 136.3CASH FLOW2007Ch$ MILLIONS2006Ch$ MILLIONSNet cash flow from operating activities (35.3) 1,348.9Net cash flow from investment activities 976.7 (25.1)Net cash flow from financing activities (879.8) (1,341.9)Net total cash flow the year 61.6 (18.1)Effect of inflation (9.8) (5.2)Net change in cash & cash equivalents 51.8 (23.3)
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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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I N D E P E N D E N T A U D I T O R
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