EX-2 6 income104.htm

statement of income

QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (CHGAAP)                  
( Ch$ millions as of March 31, 2004)                  
  JAN-MAR IQ IIQ IIIQ IVQ JAN-MAR IQ VARIATION
  2003 2003 2003 2003 2003 2004 2004 IQ04/IQ03 2004/2003
OPERATING REVENUES                  
                   
FIXED TELEPHONY 93.366 93.366 91.998 93.924 93.383 86.398 86.398 -7,5% -7,5%
Primary Service 86.649 86.649 86.364 84.646 84.157 79.517 79.517 -8,2% -8,2%
Telephone Line Serv.Fee (Fixed Monthly Charge) 39.555 39.555 38.464 37.254 36.108 35.370 35.370 -10,6% -10,6%
Variable Charge 35.798 35.798 36.063 35.589 35.483 31.147 31.147 -13,0% -13,0%
Connections and other installations 1.605 1.605 1.370 1.313 1.307 1.236 1.236 -23,0% -23,0%
Value added services 4.491 4.491 4.719 4.497 4.332 4.016 4.016 -10,6% -10,6%
Equipment Marketing 2.239 2.239 2.268 1.888 2.367 2.863 2.863 27,9% 27,9%
Other fixed telephony revenues 2.961 2.961 3.480 4.105 4.560 4.885 4.885 65,0% 65,0%
Access Charges and Interconnections 5.758 5.758 5.280 6.355 8.109 5.725 5.725 -0,6% -0,6%
Domestic long distance 2.309 2.309 2.152 2.137 2.125 1.839 1.839 -20,4% -20,4%
International long distance 727 727 712 634 599 505 505 -30,5% -30,5%
Other interconnection services 2.722 2.722 2.416 3.584 5.385 3.381 3.381 24,2% 24,2%
Directory Advertising 959 959 354 2.923 1.117 1.156 1.156 20,5% 20,5%
                   
LONG DISTANCE 17.293 17.293 16.062 14.827 13.165 15.026 15.026 -13,1% -13,1%
Domestic Long Distance 7.710 7.710 6.738 6.198 5.432 6.223 6.223 -19,3% -19,3%
International Service 6.790 6.790 6.504 5.945 5.214 6.273 6.273 -7,6% -7,6%
Rental of LD Network 2.793 2.793 2.820 2.684 2.519 2.530 2.530 -9,4% -9,4%
                   
MOBILE COMMUNICATIONS 54.869 54.869 56.436 59.648 65.479 65.619 65.619 19,6% 19,6%
Outgoing Traffic 32.303 32.303 34.794 39.100 42.483 45.535 45.535 41,0% 41,0%
Interconnection under Calling Party Pays 22.566 22.566 21.642 20.548 22.996 20.084 20.084 -11,0% -11,0%
                   
CORPORATE CUSTOMER COMMUNICATIONS 17.957 17.957 19.488 19.533 20.959 18.712 18.712 4,2% 4,2%
Equipment 3.620 3.620 4.243 4.110 5.386 2.784 2.784 -23,1% -23,1%
Complementary Services 3.752 3.752 3.587 4.184 4.321 4.597 4.597 22,5% 22,5%
Data services 6.189 6.189 6.537 6.467 7.233 7.622 7.622 23,2% 23,2%
Dedicated links and others 4.396 4.396 5.121 4.772 4.019 3.709 3.709 -15,6% -15,6%
                   
OTHER BUSINESSES 14.474 14.474 13.800 16.993 15.074 14.872 14.872 2,7% 2,7%
Public Telephones 2.908 2.908 2.498 2.983 2.637 2.729 2.729 -6,2% -6,2%
Interior installation and equipment marketing 7.391 7.391 7.365 7.997 8.030 7.978 7.978 7,9% 7,9%
Other Operating Revenues 4.175 4.175 3.937 6.013 4.407 4.165 4.165 -0,2% -0,2%
TOTAL OPERATING REVENUES 197.959 197.959 197.784 204.925 208.060 200.627 200.627 1,3% 1,3%
                   
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (CHGAAP), continued                  
( Ch$ millions as of March 31, 2004)                  
  JAN-MAR IQ IIQ IIIQ IVQ JAN-MAR IQ VARIATION
  2003 2003 2003 2003 2003 2004 2004 IQ04/IQ03 2004/2003
OPERATING COSTS AND EXPENSES                  
Salaries 12.942 12.942 13.878 14.974 14.761 13.729 13.729 6,1% 6,1%
Depreciation 64.899 64.899 65.221 66.608 65.642 63.951 63.951 -1,5% -1,5%
Other Operating Costs 48.786 48.786 49.562 49.803 56.273 56.927 56.927 16,7% 16,7%
Adm. & Selling Expenses 38.459 38.459 42.088 45.964 44.085 42.275 42.275 9,9% 9,9%
TOTAL OPERATING COSTS AND EXPENSES 165.086 165.086 170.749 177.349 180.761 176.882 176.882 7,1% 7,1%
OPERATING INCOME 32.873 32.873 27.035 27.576 27.299 23.745 23.745 -27,8% -27,8%
EBITDA 97.909 97.909 92.406 94.373 95.267 89.042 89.042 -9,1% -9,1%
Operating Margin 16,6% 16,6% 13,7% 13,5% 13,1% 11,8% 11,8% -4,8pp -4,8pp
EBITDA Margin 49,5% 49,5% 46,7% 46,1% 45,8% 44,4% 44,4% -5,1pp -5,1pp
NON-OPERATING INCOME                  
Interest Income 2.281 2.281 2.274 1.346 1.141 1.840 1.840 -19,3% -19,3%
Other Non-Operating Income 1.790 1.790 4.919 4.572 991 694 694 -61,2% -61,2%
Revenues from Related Companies 153 153 57 424 43 23 23 -85,0% -85,0%
Interest Expense (17.216) (17.216) (17.148) (14.639) (11.936) (11.345) (11.345) -34,1% -34,1%
Amortization of Goodwill (3.727) (3.727) (3.759) (12.588) (2.895) (2.826) (2.826) -24,2% -24,2%
Other Non-Operating Expenses (1.795) (1.795) (2.670) (2.595) (5.349) (993) (993) -44,7% -44,7%
Monetary Correction 2.087 2.087 (2.402) 1.258 (314) (1.248) (1.248) -159,8% -159,8%
TOTAL NON-OPERATING INCOME (16.427) (16.427) (18.729) (22.222) (18.319) (13.855) (13.855) -15,7% -15,7%
INCOME BEFORE INCOME TAX 16.446 16.446 8.306 5.354 8.980 9.890 9.890 -39,9% -39,9%
Income Tax (9.173) (9.173) (7.412) (3.981) (8.298) (6.421) (6.421) -30,0% -30,0%
Minority Interest (15) (15) 3 (90) (38) 44 44 -393,3% -393,3%
Amortization of Negative Goodwill 0 0 0 0 0 0 0 - -
NET INCOME 7.258 7.258 897 1.283 644 3.513 3.513 -51,6% -51,6%
Observed exchange rate (end of the period)   731,56 699,12 660,97 593,80   616,41    
                   
    I II III IV   I    
    2003 2003 2003 2003   2004    
Earnings per Common Share (Ch$)   7,6 0,9 1,3 0,7   3,7    
Earnings per ADR (US$)   0,041 0,005 0,008 0,005   0,024    
Weighted Average Number of Shares Fully Paid (millions)   957,2 957,2 957,2 957,2   957,2    

Última actualización 22-04-2004
Por Telefónica CTC Chile