Estados Financieros, (Inglés, Español) - Túnel San Cristóbal

18. EMPLOYEE BENEFITS
The Company has a current staff of 33. Details of these expenses are shown in the following chart:
19. EFFECT OF VARIATIONS IN THE
EXCHANGE RATE, FOREIGN CURRENCY
AND INDEXATION UNITS
Transactions in foreign currencies are converted into the
functional currency using the standing exchange rates on the
dates of the transactions. Losses or profits in foreign currency
Assets (Charge/Credits)
Cash and cash equivalent
Cash and cash equivalent
Subtotal (Charges/Credits)
Liabilities (charges/credits)
Commercial accounts payable and other
accounts payable
Subtotal (charges/credits)
Total
Personnel expenses
resulting from the conversion of the balances of assets and
liabilities at the year-end exchange rate are recognized in
the statement of comprehensive income, save that they are
related to cash flow hedges and investment hedges.
a) Details of the effect on income of the exchange rate
differences at December 31, 2011 and 2010, respectively,
are shown in the following table:
Concept Currency ACCUMULATED
US DOLLAR
EURO
EURO
ACCUMULATED
01/01/11 01/01/10
12/31/11 12/31/10
ThCh$ ThCh$
Salaries and wages 377,514 395,493
Employee benefits 14,399 49,179
Indemnity payments 9,598 36,884
Totals 401,511 481,556
01/01/11
12/31/11
ThCh$
01/01/10
12/31/10
ThCh$
176