annual report grupo security - Banco Security

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g l o b a l s e c u r i t y g e s t i ó n y s e r v i c i o s 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 rGlobal Securtiy Gestión y Servicios Ltda. is not inscribed in the Securities Register.o b j e c t sThe carrying out of civil mandates related to obtaining information on third parties and the preparatory handling of requests for the preevaluationof such information to enable the principals to execute acts and contracts directly with those parties without the interventionof the company; and in general carry out all acts and business directly and indirectly related to the objects.g e n e r a l i n f o r m a t i o nGlobal Security Mandatos Limitada was constituted under public deed dated October 5, 2000 signed before the notary EnriqueMorgan Torres, granting the administration and use of the corporate name to the partner Inversiones Invest Security Limitada.On September 1, 2004, before the notary Linda Scarlett Boschi Jiménez, the company was divided into Mandatos Security Ltda. andGestión y Servicios Security Ltda.p a i d c a p i t a l a n d e q u i t yThe company’s capital and reserves at December 31, 2007 was Ch$108 million and its liabilities Ch$104 million.t r a d i n g r e l a t i o n s w i t h s u b s i d i a r y a n d a s s o c i a t e c o m p a n i e s a n d t h e p a r e n tGestión y Servicios Security provides advisory, marketing and financial product sales services to Valores Security, Administradora Generalde Fondos Security and Vida Security.In the future, there is the possibility of extending the offer of these services to customers of the parent’s subsidiaries and associatecompanies.b o a r d o f d i r e c t o r s a n d m a n a g e m e n tADMINISTRATORS Renato Peñafiel M. TAX Nº: 6.350.390-8Francisco Silva S. TAX Nº: 4.103.061-5LEGAL REPRESENTATIVE Juan Pablo Lira T. TAX Nº: 7.367.430-1
annual report 2007grupo securitypage 179s u m m a r i z e d f i n a n c i a l s t a t e m e n t s · D e c e m b e r 3 1 , 2 0 0 7 a n d 2 0 0 6BALANCE SHEET2007Ch$ MILLIONS2006Ch$ MILLIONSASSETSCurrent 354.5 443.8Fixed assets 17.6 13.6Other assets 2.8 6.4Total ASSETS 374.9 463.7LIABILITIESCurrent 479.1 572.1Capital & reserves (108.3) (76.1)Net income for the year 4.2 (32.2)TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 374.9 463.7STATEMENT OF INCOME2007Ch$ MILLIONS2006Ch$ MILLIONSOperating income (36.6) (42.9)Non-operating loss 42.4 (5.7)Income before taxes 5.8 (48.6)Income tax (1.6) 16.4NET INCOME FOR THE YEAR 4.2 (32.2)CASH FLOW2007Ch$ MILLIONS2006Ch$ MILLIONSNet cash flow from operating activities 25.1 35.3Net cash flow from investment activities (14.0) (22.3)Net cash flow from financing activities 0.0 0.0Net total cash flow the year 11.1 13.0Effect of inflation (0.8) 0.0Net change in cash & cash equivalents 10.3 13.0
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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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