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

9. DETERIORATION IN THE VALUE OF
ASSETS
As specified in the standard, the Company will assess, at
each financial statement closing, whether deterioration in
the value of any assets has occurred. If so, the Company
will estimate the recoverable amount of the asset.
The assumptions used by the company to calculate the value
in use do not represent any significant changes at the closing
of the year ended at December 31, 2011.
10. PROVISIONS AND CONTINGENT
LIABILITIES
a) Provisions
The information to be disclosed on provisions corresponds
to obligations in place at the date of the financial statements
arising from past events the amounts and times of payment
of which are uncertain, are recorded in the statement of
financial position as provisions for the current value of the
most probable amount that the Company is estimated to
have to pay to discharge the obligation.
The breakdown is the following:
Provisions 12/31/2011
ThCh$
12/31/2010
ThCh$
Vacation provision 28,993 26,229
Other - 7,717
Total Provisions 28,993 33,946
The movements in the various categories are shown below:
Movements Vacation
ThCh$
b) Contingent liabilities
Other
ThCh$
Balance at 01/01/2011 26, 229 7,717
Increases
Provisions used
2,764
-
-
(7,717)
Balance at 12/31/2011
28,993 -
i) Lawsuits and other legal action
1.-
Court: 11th Civil Court of Santiago.
Matter: Summary Trial, for the lessee’s failure to comply
with an obligation to do; alternatively, action for contingent
damages.
Case No.: 7425-2007
Plaintiff: Sociedad Concesionaria Túnel San Cristóbal S.A.
Defendant: Publicidad en Ruta Comunicación y Difusión S.A.
Amount sought: Not applicable.
Status: A claim was filed in a Summary Trial to relieve
Sociedad Concesionaria Túnel San Cristóbal S.A. from any
disturbance or hindrance in the enjoyment of the object, as
per what is provided in article 1924 No. 3 of the Civil Code.
The removal of advertising elements that prevent the use of
the real estate under the Purchase Promise Contract entered
into through a public deed dated January 2, at the Notary
Public’s Office of Santiago of Mr. José Musalem Saffie,
between Sociedad Concesionaria Túnel San Cristóbal S.A.
and the Defendant, was requested by way of a third party. At
December 31, 2011 the Summary Trial has been dismissed.
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