c . T r a n s a c t i o n s2007ThCh$2006ThCh$COMPANYDescription OF THETRANSACTIONAMOUNTEFFECT ONINCOME(charges/credit)AMOUNTEFFECT ONINCOME(charges/credit)<strong>Banco</strong> <strong>Security</strong> Time deposits 17,205,674 168,633 59,780 3,982Bank costs and others 37,305 (37,305) 2,942 2,942Financial investments 2,990,640 (18,951) - -Administradora General de Fondos <strong>Security</strong> S.A. Mutual funds 20,639,210 270,135 22,163,533 40,176Valores <strong>Security</strong> S.A. Corredores de Bolsa Financial investments 47,512,164 281,708 53,457,798 290,879Servicios <strong>Security</strong> S.A. Commercial account 1,733 166 1,727,931 3,530Inversiones Seguros <strong>Security</strong> Limitada Commercial account 5,294,356 140,675 2,109,449 91,359Corredora de Seguros <strong>Security</strong> Ltda. Commercial account 37,000 - 895,969 4,102Inversiones Invest <strong>Security</strong> Ltda. Commercial account 757,552 22,356 54,059 596Consulting and accounting services 289,006 (289,006) 341,029 (341,029)Valores <strong>Security</strong> S.A. Corredores de Bolsa Consulting and services 11,034 (11,034) - -Asesorías <strong>Security</strong> S.A. Current account 270,315 (22,500) 266,449 -Travel <strong>Security</strong> S.A. General costs 23,006 (23,006) 27,184 27,184Inmobiliaria <strong>Security</strong> S.A. Rentals - - 2,630 2,630Virtual <strong>Security</strong> S.A. Consulting and services 196,019 (183,154) 359,711 359,711Commercial account 201,077 3,504 - -Global Gestión y Servicios Ltda. Advertising services 249,294 (249,294) - -Factoring <strong>Security</strong> S.A. Consulting and services 109,737 (59,737) - -Seguros Vida <strong>Security</strong> Previsión S.A. Policies 9,334 (8,631) 9,635 9,6356 . I N C O M E TA X A N D D E F E R R E D TA X E Sa . R e c o v e r a b l e t a x e sDetails of recoverable taxes at December 31, 2007 and 2006 are as follows:2007ThCh$2006ThCh$Recovery of tax losses 90,949 124,290Sence training tax 1,464 355Subtotal 92,413 124,645Monthly provisional payment 28,857 34,955Total 121,270 159,600
<strong>annual</strong> <strong>report</strong> 2007<strong>grupo</strong> <strong>security</strong>page 91b .At December 31, 2007 the Company has not provided for income tax since it has an accumulated tax loss amounting toThCh$5,552,373 (ThCh$5,374,455 in 2006).c . D e f e r r e d t a x e s :Deferred taxes at December 31, 2007 and 2006 are as follows:DEFERRED TAXES2007ThCh$2006ThCh$TEMPORARY DIFFERENCESASSETSSHORT TERMLIABILITIESSHORT TERMASSETSSHORT TERMLIABILITIESSHORT TERMVacation provision 15,871 - 8,241 -Other provisions 453,432 - 210,725 -Placement differences - - - 90,953Total 469,303 - 218,966 90,953d .The composition of net charge to income tax at December 31, 2007 and 2006 is as follows:ITEM2007ThCh$2006ThCh$Current tax expense:Previous year’s adjustment (25,112) (2,973)Deferred taxes:Effect of the fluctuation in the year’s deferred taxes 341,290 99,305Total 316,178 96,3327 . O T H E R C U R R E N T A S S E T SThe balance of ThCh$3,029,298 at December 31, 2007 (ThCh$2,084,992 in 2006) represents resale agreements for ThCh$2,992,983(ThCh$2,084,475 in 2006) and other projects for ThCh$36,315 (ThCh$517 in 2006).2007ThCh$2006ThCh$BOOKVALUEMARKETVALUEMATURITYBOOKVALUEMARKETVALUEMATURITYValores <strong>Security</strong> S.A. Corredores de Bolsa 2,992,983 2,992,983 2-ener-08 2,084,475 2,084,475 2-ener-07