annual report grupo security - Banco Security

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i n v e r s i o n e s i n v e s t 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 Invest Security Ltda. is not inscribed in the Securities Register.o b j e c t sThe corporate objects are to make all kinds of investments in corporeal and incorporeal assets, exploit and dispose of them, receive andinvest their returns; invest, acquire, and dispose of in any form and exploit real estate in any way; administer all kinds of movable andimmovable assets, corporeal or incorporeal, for own or third party’s account; provide all kinds of assistance, consultancy and financial,economic, marketing, accounting and management services, and in general execute all acts and business directly and indirectly relatedto these objects.g e n e r a l i n f o r m a t i o nThe company was constituted on June 28, 2000 before the notary Enrique Morgan Torres, as an investment limited partnership calledInversiones Invest Security Ltda.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$3,265 million and the equity Ch$3,658 million.i n v e s t m e n t a s p r o p o r t i o n o f t h e a s s e t s o f g r u p o s e c u r i t y s . a .Inversiones Invest Security Limitada represents 1.09% of the assets of Grupo Security.t r a d i n g r e l a t i o n s w i t h s u b s i d i a r y a n d a s s o c i a t e c o m p a n i e s a n d t h e p a r e n tInvest Security provides accounting, business risk and control, economic, marketintg and corporate culture advisory services to each ofthe Group companies and the parent company.b o a r d o f d i r e c t o r s a n d m a n a g e m e n tADMINISTRATORS · Renato Peñafiel M. TAX Nº: 6.350.390-8· Francisco Silva S. TAX Nº: 4.103.061-5· Ramón Eluchans O. TAX Nº: 6.464.460-2CORPORATE CULTURE MANAGER · Karin E. Becker S. TAX Nº: 5.360.901-5ACCOUNTING MANAGER · Sergio Candia A. TAX Nº: 6.053.341-5BUSINESS RISKS AND CONTROL MANAGER · Alfonso Verdugo R. TAX Nº: 7.097.708-7
annual report 2007grupo securitypage 173s u m m a r i z e d f i n a n c i a l s t a t e m e n t s · D e c e m b e r 3 1 , 2 0 0 7 a n d 2 0 0 6BALANCE SHEET2007Ch$ MILLIONS2006Ch$ MILLIONSASSETSCurrent 15,980.1 7,205.7Fixed assets 2,263.7 1,695.5Other assets 1,965.7 1,317.3Total ASSETS 20,209.5 10,218.5LIABILITIESCurrent 12,810.2 6,666.1Long-Term Liabilities 912.3 535.4Minority interest 2,828.8 547.0Capital & reserves 3,265.2 2,689.3Net income for the year 393.0 (219.3)TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 20,209.5 10,218.5STATEMENT OF INCOME2007Ch$ MILLIONS2006Ch$ MILLIONSOperating income 1,089.4 94.6Non-operating loss (155.8) (334.4)Income before taxes 933.6 (239.8)Minority interest (363.3) (0.3)Income tax (177.3) 20.8NET INCOME FOR THE YEAR 393.0 (219.3)CASH FLOW2007Ch$ MILLIONS2006Ch$ MILLIONSNet cash flow from operating activities 169.1 1,322.3Net cash flow from investment activities (2,671.4) (294.5)Net cash flow from financing activities 2,726.1 (383.8)Net total cash flow the year 223.8 644.0Effect of inflation (20.1) (13.5)Net change in cash & cash equivalents 203.7 630.5
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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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