annual report grupo security - Banco Security

annual report 2007grupo securitypage 03unconsolidated financial summaryRESULTS MILLIONS OF PESOS OF DECEMBER 20071997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007Gross margin -1 0 0 0 0 0 0 0 0 0 0Admin. & selling expenses 1,079 2,227 1,982 2,181 1,493 2,046 1,543 1,687 2,488 3,690 4,421OPERATING RESULT -1,080 -2,227 -1,982 -2,181 -1,493 -2,046 -1,543 -1,687 -2,488 -3,690 -4,421NON-OPERATING RESULTFinancial income 43 1,696 1,435 601 500 384 219 304 381 493 623Income related companies 13,771 10,901 12,787 14,300 14,138 11,690 19,045 22,490 26,693 37,708 42,974Other net non-operating income 2,232 10,204 1,440 956 139 513 341 19 1,464 -72 -139Amortization goodwill -2,415 -338 -50 -50 -50 -50 -50 -1,040 -1,459 -1,971 -2,290Financial expenses -2,172 -1,967 -1,498 -1,442 -2,172 -1,882 -1,742 -1,865 -1,929 -3,253 -4,200Price-level restatements 155 -761 -125 -151 -337 -49 83 -583 -517 -586 -845TOTAL NON-OPERATING RESULT 11,613 19,735 13,988 14,215 12,218 10,606 17,896 19,324 24,634 32,319 36,123Income before income tax 10,533 17,509 12,006 12,034 10,725 8,560 16,353 17,637 22,145 28,629 31,702Income tax 0 1,020 6 18 2 -78 -77 21 16 96 316NET INCOME FOR THE YEAR 10,533 16,489 11,999 12,016 10,723 8,638 16,430 17,616 22,161 28,726 32,018