QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (CHGAAP)
( Ch$ millions as of June 30, 2004)
	ENE-JUN	IQ	IIQ	IIIQ	IVQ	ENE-JUN	IQ	IIQ	VARIATION
	2003	2003	2003	2003	2003	2004	2004	2004	IIQ04/IIQ03	2004/2003
OPERATING REVENUES
FIXED TELEPHONY	187,958	94,668	93,290	95,010	94,570	175,546	87,536	88,010	-5.7%	-6.6%
Primary Service	175,435	87,858	87,577	85,620	85,226	160,827	80,564	80,263	-8.4%	-8.3%
Telephone Line Serv.Fee (Fixed Monthly Charge)	79,110	40,107	39,003	37,682	36,567	73,215	35,836	37,379	-4.2%	-7.5%
Variable Charge	72,867	36,298	36,569	35,998	35,935	60,840	31,557	29,283	-19.9%	-16.5%
Connections and other installations	3,017	1,627	1,390	1,328	1,323	2,021	1,252	769	-44.7%	-33.0%
Value added services	9,339	4,553	4,786	4,549	4,387	8,584	4,069	4,515	-5.7%	-8.1%
Equipment Marketing	4,570	2,270	2,300	1,909	2,397	5,043	2,901	2,142	-6.9%	10.4%
Other fixed telephony revenues	6,532	3,003	3,529	4,154	4,617	11,124	4,949	6,175	75.0%	70.3%
Access Charges and Interconnections	11,192	5,838	5,354	6,429	8,213	13,229	5,801	7,428	38.7%	18.2%
Domestic long distance	4,523	2,341	2,182	2,162	2,152	4,212	1,863	2,349	7.7%	-6.9%
International long distance	1,459	737	722	641	606	1,163	512	651	-9.8%	-20.3%
Other interconnection services	5,210	2,760	2,450	3,626	5,455	7,854	3,426	4,428	80.7%	50.7%
Directory Advertising	1,331	972	359	2,961	1,131	1,490	1,171	319	-11.1%	11.9%
LONG DISTANCE	33,822	17,533	16,289	14,995	13,332	29,984	15,224	14,760	-9.4%	-11.3%
Domestic Long Distance	14,650	7,817	6,833	6,268	5,501	12,773	6,305	6,468	-5.3%	-12.8%
International Service	13,480	6,884	6,596	6,013	5,280	12,205	6,356	5,849	-11.3%	-9.5%
Rental of LD Network	5,692	2,832	2,860	2,714	2,551	5,006	2,563	2,443	-14.6%	-12.1%
MOBILE COMMUNICATIONS	112,862	55,635	57,227	60,343	66,316	130,061	66,484	63,577	11.1%	15.2%
Outgoing Traffic	68,035	32,754	35,281	39,561	43,026	92,025	46,135	45,890	30.1%	35.3%
Interconnection under Calling Party Pays	44,827	22,881	21,946	20,782	23,290	38,036	20,349	17,687	-19.4%	-15.1%
CORPORATE CUSTOMER COMMUNICATIONS	37,969	18,206	19,763	19,761	21,225	38,972	18,959	20,013	1.3%	2.6%
Equipment	7,973	3,670	4,303	4,158	5,455	6,312	2,821	3,491	-18.9%	-20.8%
Complementary Services	7,442	3,804	3,638	4,233	4,376	8,792	4,658	4,134	13.6%	18.1%
Data services	12,904	6,275	6,629	6,542	7,325	15,343	7,722	7,621	15.0%	18.9%
Dedicated links and others	9,650	4,457	5,193	4,828	4,069	8,525	3,758	4,767	-8.2%	-11.7%
OTHER BUSINESSES	28,672	14,675	13,997	17,193	15,266	30,373	15,068	15,305	9.3%	5.9%
Public Telephones	5,482	2,948	2,534	3,018	2,670	5,495	2,765	2,730	7.7%	0.2%
Interior installation and equipment marketing	14,963	7,494	7,469	8,089	8,133	15,862	8,083	7,779	4.2%	6.0%
Other Operating Revenues	8,227	4,233	3,994	6,086	4,463	9,016	4,220	4,796	20.1%	9.6%
TOTAL OPERATING REVENUES	401,283	200,717	200,566	207,302	210,709	404,936	203,271	201,665	0.5%	0.9%
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (CHGAAP), continued
( Ch$ millions as of June 30, 2004)
	ENE-JUN	IQ	IIQ	IIIQ	IVQ	ENE-JUN	IQ	IIQ	VARIATION
	2003	2003	2003	2003	2003	2004	2004	2004	IIQ04/IIQ03	2004/2003
OPERATING COSTS AND EXPENSES
Salaries	27,195	13,123	14,072	15,150	14,949	28,192	13,910	14,282	1.5%	3.7%
Depreciation	131,941	65,804	66,137	67,378	66,478	127,975	64,793	63,182	-4.5%	-3.0%
Other Operating Costs	99,724	49,466	50,258	50,379	56,992	114,940	57,677	57,263	13.9%	15.3%
Adm. & Selling Expenses	81,674	38,996	42,678	46,504	44,647	88,863	42,832	46,031	7.9%	8.8%
TOTAL OPERATING COSTS AND EXPENSES	340,534	167,389	173,145	179,411	183,066	359,970	179,212	180,758	4.4%	5.7%
OPERATING INCOME	60,749	33,328	27,421	27,891	27,643	44,966	24,059	20,907	-23.8%	-26.0%
EBITDA	192,983	99,210	93,773	95,437	96,499	176,030	90,216	85,814	-8.5%	-8.8%
Operating Margin	15.1%	16.6%	13.7%	13.5%	13.1%	11.1%	11.8%	10.4%	-3.3pp	-4.0pp
EBITDA Margin	48.1%	49.4%	46.8%	46.0%	45.8%	43.5%	44.4%	42.6%	-4.2pp	-4.6pp
NON-OPERATING INCOME
Interest Income	4,619	2,313	2,306	1,360	1,155	3,603	1,864	1,739	-24.6%	-22.0%
Other Non-Operating Income	6,803	1,815	4,988	4,626	1,004	7,795	703	7,092	42.2%	14.6%
Revenues from Related Companies	212	155	57	430	43	83	23	60	5.3%	-60.8%
Interest Expense	-34,844	-17,456	-17,388	-14,805	-12,086	-22,905	-11,494	-11,411	-34.4%	-34.3%
Amortization of Goodwill	-7,591	-3,779	-3,812	-12,747	-2,931	-5,726	-2,863	-2,863	-24.9%	-24.6%
Other Non-Operating Expenses	-4,527	-1,820	-2,707	-2,626	-5,418	-5,727	-1,006	-4,721	74.4%	26.5%
Monetary Correction	-318	2,117	-2,435	1,274	-318	2,833	-1,312	4,145	-270.2%	-990.9%
TOTAL NON-OPERATING INCOME	-35,646	-16,655	-18,991	-22,488	-18,551	-20,044	-14,085	-5,959	-68.6%	-43.8%
INCOME BEFORE INCOME TAX	25,103	16,673	8,430	5,403	9,092	24,922	9,974	14,948	77.3%	-0.7%
Income Tax	-16,817	-9,301	-7,516	-4,020	-8,404	-15,163	-6,506	-8,657	15.2%	-9.8%
Minority Interest	-12	-15	3	-92	-38	74	45	29	866.7%	-716.7%
Amortization of Negative Goodwill	0	0	0	0	0	0	0	0	-	-
NET INCOME	8,274	7,357	917	1,291	650	9,833	3,513	6,320	589.2%	18.8%
Observed exchange rate (end of the period)		731.56	699.12	660.97	593.80		616.41	636.30
		IQ	IIQ	IIIQ	IVQ		IQ	IIQ
		2003	2003	2003	2003		2004	2004
Earnings per Common Share (Ch$)		7.7	1.0	1.3	0.7		3.7	6.6
Earnings per ADR (US$)		0.042	0.005	0.008	0.005		0.024	0.042
Weighted Average Number of Shares Fully Paid (millions)		957.2	957.2	957.2	957.2		957.2	957.2

Última actualización 22/07/04
Por Telefónica CTC Chile