( Ch$ millions as of December 31, 2003)
	JAN-DEC	IQ	IIQ	IIIQ	IVQ	JAN-DEC	IQ	IIQ	IIIQ	IVQ	VARIATION
	2002	2002	2002	2002	2002	2003	2003	2003	2003	2003	IVQ03/IVQ02	2003/2002
OPERATING REVENUES
FIXED TELEPHONY	385.039	92.665	95.137	97.072	100.165	374.541	93.828	92.463	94.394	93.856	-6,3%	-2,7%
Primary Service	356.650	86.058	88.777	88.395	93.420	343.531	87.078	86.801	85.070	84.582	-9,5%	-3,7%
Telephone Line Serv.Fee (Fixed Monthly Charge)	160.320	39.938	39.783	40.034	40.565	152.142	39.752	38.657	37.441	36.292	-10,5%	-5,1%
Variable Charge	158.011	36.576	39.454	40.439	41.542	143.651	35.976	36.245	35.766	35.664	-14,1%	-9,1%
Connections and other installations	7.030	1.989	1.748	1.648	1.645	5.622	1.612	1.378	1.319	1.313	-20,2%	-20,0%
Value added services	17.335	4.061	4.229	4.133	4.912	18.130	4.513	4.743	4.520	4.354	-11,4%	4,6%
Equipment Marketing	5.017	1.612	1.193	719	1.493	8.806	2.250	2.279	1.898	2.379	59,3%	75,5%
Other fixed telephony revenues	8.937	1.882	2.370	1.422	3.263	15.180	2.975	3.499	4.126	4.580	40,4%	69,9%
Access Charges and Interconnections	23.497	5.744	6.075	5.900	5.778	25.630	5.786	5.307	6.386	8.151	41,1%	9,1%
Domestic long distance	9.530	2.254	2.356	2.430	2.490	8.767	2.320	2.163	2.148	2.136	-14,2%	-8,0%
International long distance	3.548	836	950	892	870	2.685	731	715	637	602	-30,8%	-24,3%
Other interconnection services	10.419	2.654	2.769	2.578	2.418	14.178	2.735	2.429	3.601	5.413	123,9%	36,1%
Directory Advertising	4.892	863	285	2.777	967	5.380	964	355	2.938	1.123	16,1%	10,0%
LONG DISTANCE	75.477	19.019	18.360	18.374	19.724	61.655	17.378	16.143	14.903	13.231	-32,9%	-18,3%
Domestic Long Distance	33.265	8.542	8.138	8.309	8.276	26.209	7.748	6.772	6.230	5.459	-34,0%	-21,2%
International Service	28.328	7.285	7.076	6.923	7.044	24.576	6.823	6.537	5.976	5.240	-25,6%	-13,2%
Rental of LD Network	13.884	3.192	3.146	3.142	4.404	10.870	2.807	2.834	2.697	2.532	-42,5%	-21,7%
MOBILE COMMUNICATIONS	209.001	49.538	50.191	51.818	57.454	237.620	55.142	56.720	59.947	65.811	14,5%	13,7%
Outgoing Traffic	122.103	27.731	30.147	30.889	33.336	149.427	32.464	34.968	39.297	42.698	28,1%	22,4%
Interconnection under Calling Party Pays	86.898	21.807	20.044	20.929	24.118	88.193	22.678	21.752	20.650	23.113	-4,2%	1,5%
CORPORATE CUSTOMER COMMUNICATIONS	87.068	19.468	21.128	21.267	25.205	78.733	18.218	19.345	19.797	21.373	-15,2%	-9,6%
Equipment	24.746	5.070	5.710	5.859	8.107	17.549	3.810	4.078	4.157	5.504	-32,1%	-29,1%
Complementary Services	13.008	2.672	2.810	3.285	4.241	16.008	3.770	3.594	4.233	4.411	4,0%	23,1%
Data services	18.414	3.893	4.512	4.995	5.014	26.696	6.083	6.680	6.546	7.387	47,3%	45,0%
Dedicated links and others	30.900	7.833	8.096	7.128	7.843	18.480	4.555	4.993	4.861	4.071	-48,1%	-40,2%
OTHER BUSINESSES	113.140	35.737	31.239	32.630	13.534	60.241	14.375	14.113	16.912	14.841	9,7%	-46,8%
Public Telephones	12.199	3.415	3.110	2.641	3.033	11.081	2.922	2.512	2.997	2.650	-12,6%	-9,2%
Interior installation and equipment marketing	28.526	7.210	7.015	6.779	7.522	30.937	7.428	7.402	8.037	8.070	7,3%	8,5%
Information System Services (Sonda)	62.945	23.898	20.054	18.993	0	0	0	0	0	0	0,0%	0,0%
Other Operating Revenues	9.470	1.214	1.060	4.217	2.979	18.223	4.025	4.199	5.878	4.121	38,3%	92,4%
TOTAL OPERATING REVENUES	869.725	216.427	216.055	221.161	216.082	812.790	198.941	198.784	205.953	209.112	-3,2%	-6,5%
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (CHGAAP), continued
( Ch$ millions as of December 31, 2003)
	JAN-DEC	IQ	IIQ	IIIQ	IVQ	JAN-DEC	IQ	IIQ	IIIQ	IVQ	VARIATION
	2002	2002	2002	2002	2002	2003	2003	2003	2003	2003	IVQ03/IVQ02	2003/2002
OPERATING COSTS AND EXPENSES
Salaries	80.362	21.017	21.800	20.254	17.291	56.839	12.236	14.718	15.050	14.835	-14,2%	-29,3%
Depreciation	263.646	65.991	66.607	65.965	65.083	263.687	65.221	65.551	66.941	65.974	1,4%	0,0%
Other Operating Costs	262.195	60.323	60.274	67.154	74.444	233.745	55.865	57.673	57.349	62.858	-15,6%	-10,9%
Adm. & Selling Expenses	131.719	34.913	35.212	32.274	29.320	143.161	32.583	33.670	38.899	38.009	29,6%	8,7%
TOTAL OPERATING COSTS AND EXPENSES	737.922	182.244	183.893	185.647	186.138	697.432	165.905	171.612	178.239	181.676	-2,4%	-5,5%
OPERATING INCOME	131.803	34.183	32.162	35.514	29.944	115.358	33.036	27.172	27.714	27.436	-8,4%	-12,5%
EBITDA	395.710	100.174	98.769	101.480	95.287	381.863	98.395	92.876	94.846	95.746	0,5%	-3,5%
Operating Margin	15,2%	15,8%	14,9%	16,1%	13,9%	14,2%	16,6%	13,7%	13,5%	13,1%	-0,7pp	-1,0pp
EBITDA Margin	45,5%	46,3%	45,7%	45,9%	44,1%	47,0%	49,5%	46,7%	46,1%	45,8%	1,7pp	1,5pp
NON-OPERATING INCOME
Interest Income	16.858	3.503	3.411	3.722	6.222	7.077	2.292	2.286	1.353	1.146	-81,6%	-58,0%
Other Non-Operating Income	13.354	2.141	1.520	8.727	966	12.334	1.799	4.944	4.594	997	3,2%	-7,6%
Revenues from Related Companies	2.379	14	(303)	755	1.913	680	154	57	426	43	-97,8%	-71,4%
Interest Expense	(82.287)	(20.012)	(20.032)	(23.823)	(18.420)	(61.245)	(17.302)	(17.234)	(14.713)	(11.996)	-34,9%	-25,6%
Amortization of Goodwill	(24.909)	(3.872)	(4.056)	(13.086)	(3.895)	(23.084)	(3.745)	(3.779)	(12.650)	(2.910)	-25,3%	-7,3%
Other Non-Operating Expenses	(38.259)	(3.460)	(6.262)	(20.289)	(8.248)	(12.471)	(1.804)	(2.683)	(2.609)	(5.375)	-34,8%	-67,4%
Monetary Correction	(9.041)	(4.094)	(1.614)	(1.400)	(1.933)	635	2.062	(2.358)	1.270	(339)	-82,5%	-107,0%
TOTAL NON-OPERATING INCOME	(121.905)	(25.780)	(27.336)	(45.394)	(23.395)	(76.074)	(16.544)	(18.767)	(22.329)	(18.434)	-21,2%	-37,6%
INCOME BEFORE INCOME TAX	9.898	8.403	4.826	(9.880)	6.549	39.284	16.492	8.405	5.385	9.002	37,5%	296,9%
Income Tax	(26.984)	(5.820)	(5.413)	(7.268)	(8.483)	(29.009)	(9.218)	(7.450)	(4.001)	(8.340)	-1,7%	7,5%
Minority Interest	(771)	(335)	(283)	(127)	(26)	(141)	(15)	3	(91)	(38)	46,2%	-81,7%
Amortization of Negative Goodwill	0	90	(90)	0	0	0	0	0	0	0	-	-
NET INCOME	(17.857)	2.338	(960)	(17.275)	(1.960)	10.134	7.259	958	1.293	624	-131,8%	-156,8%
Observed exchange rate (end of the period)		655,90	688,05	748,73	718,61		731,56	699,12	660,97	593,80
		I	II	III	IV		I	II	III	IV
		2002	2002	2002	2002		2003	2003	2003	2003
Earnings per Common Share (Ch$)		2,4	-1,0	-18,0	-2,0		7,6	1,0	1,4	0,7
Earnings per ADR (US$)		0,015	-0,006	-0,109	-0,012		0,046	0,006	0,008	0,004
Weighted Average Number of Shares Fully Paid (millions)		957,2	957,2	957,2	957,2		957,2	957,2	957,2	957,2

Última actualización 28-01-2004
Por Telefónica CTC Chile