QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (CHGAAP)
(Millions of Ch$ as of September 30, 2005)
	JAN-SEP	IQ	IIQ	IIIQ	IVQ	JAN-SEP	IQ	IIQ	IIIQ	IVQ	VARIATION
	2004	2004	2004	2004	2004	2005	2005	2005	2005		IIIQ05/IIIQ04	2005/2004
OPERATING REVENUES
FIXED TELECOMMUNICATIONS	325,647	106,215	106,572	112,860	106,709	329,460	106,099	112,668	110,693		-1.9%	1.2%
Basic Telephony	232,195	77,469	76,698	78,028	74,853	222,019	72,710	76,621	72,688		-6.8%	-4.4%
Telephone Line Serv.Fee (Fixed Monthly Charge)	114,800	37,299	38,906	38,595	35,528	95,785	32,476	33,360	29,949		-22.4%	-16.6%
Variable Charge	93,613	32,846	30,478	30,289	27,418	74,119	24,441	25,617	24,061		-20.6%	-20.8%
Connections and other installations	2,881	1,303	801	777	1,109	2,313	670	802	841		8.2%	-19.7%
Plans of minutes (tariff flexibility)	2,473	0	34	2,439	6,428	30,557	8,533	10,280	11,744		-	-
Value added services	13,298	4,235	4,700	4,363	4,199	14,919	5,209	4,900	4,810		10.2%	12.2%
Other basic telephony revenues	5,130	1,786	1,779	1,565	171	4,326	1,381	1,662	1,283		-18.0%	-15.7%
Broadband	18,096	4,901	6,332	6,863	7,670	30,175	8,072	10,502	11,601		69.0%	66.7%
Access Charges and Interconnections	23,576	6,038	7,731	9,807	8,768	31,926	10,075	11,361	10,490		7.0%	35.4%
Domestic long distance	7,782	1,939	2,445	3,398	2,582	7,911	2,714	2,746	2,451		-27.9%	1.7%
International long distance	2,143	533	677	933	731	1,929	648	778	503		-46.1%	-10.0%
Other interconnection services	13,651	3,566	4,609	5,476	5,455	22,086	6,713	7,837	7,536		37.6%	61.8%
Other Fixed Telecommunications businesses	51,780	17,807	15,811	18,162	15,418	45,340	15,242	14,184	15,914		-12.4%	-12.4%
Directory Advertising	4,860	1,219	332	3,309	1,163	4,340	1,034	440	2,866		-13.4%	-10.7%
ISP- switched and dedicated	2,242	703	695	844	951	1,928	659	672	597		-29.3%	-14.0%
Security services (Telemergencia)	4,998	1,575	1,616	1,807	1,843	5,850	1,895	1,922	2,033		12.5%	17.0%
Public telephones	8,399	2,878	2,841	2,680	2,699	7,565	2,650	2,524	2,391		-10.8%	-9.9%
Interior installations	24,390	8,413	8,097	7,880	7,636	22,704	7,711	7,586	7,407		-6.0%	-6.9%
Equipment marketing	6,891	3,019	2,230	1,642	1,126	2,953	1,293	1,040	620		-62.2%	-57.1%
LONG DISTANCE	47,289	15,845	15,363	16,081	15,778	43,506	15,368	15,363	12,775		-20.6%	-8.0%
Domestic Long Distance	19,476	6,562	6,733	6,181	5,739	17,744	6,042	5,983	5,719		-7.5%	-8.9%
International Service	18,546	6,615	6,088	5,843	5,955	14,550	5,563	5,716	3,271		-44.0%	-21.5%
Rental of LD Network	9,267	2,668	2,542	4,057	4,084	11,212	3,763	3,664	3,785		-6.7%	21.0%
CORPORATE CUSTOMER COMMUNICATIONS	61,246	19,733	20,830	20,683	23,650	56,113	18,787	18,448	18,878		-8.7%	-8.4%
Equipment	10,643	2,936	3,634	4,073	3,258	9,449	2,356	3,699	3,394		-16.7%	-11.2%
Complementary Services	12,643	4,848	4,303	3,492	4,462	10,814	3,400	3,456	3,958		13.3%	-14.5%
Data services	23,873	8,038	7,931	7,904	8,025	21,157	8,148	6,617	6,392		-19.1%	-11.4%
Dedicated links and others	14,087	3,911	4,962	5,214	7,905	14,693	4,883	4,676	5,134		-1.5%	4.3%
OTHER BUSINESSES	3,206	579	962	1,665	848	2,133	692	801	640		-61.6%	-33.5%
MOBILE COMMUNICATIONS	135,372	69,198	66,174	0	0	0	0	0	0		n/a	n/a
Outgoing Traffic	95,783	48,019	47,764	0	0	0	0	0	0		n/a	n/a
Interconnection under Calling Party Pays	39,589	21,179	18,410	0	0	0	0	0	0		n/a	n/a
TOTAL OPERATING REVENUES	572,760	211,570	209,901	151,289	146,985	431,212	140,946	147,280	142,986		-5.5%	-24.7%
	JAN-SEP	IQ	IIQ	IIIQ	IVQ	JAN-SEP	IQ	IIQ	IIIQ	IVQ	VARIATION
	2004	2004	2004	2004	2004	2005	2005	2005	2005		IIIQ05/IIIQ04	2005/2004
OPERATING COSTS AND EXPENSES
Operating costs	367,968	141,949	140,228	85,791	87,148	272,715	85,940	88,113	98,662		15.0%	-25.9%
Adm. & Selling Expenses	125,098	44,581	47,910	32,607	38,016	92,353	32,605	31,069	28,679		-12.0%	-26.2%
TOTAL OPERATING COSTS AND EXPENSES	493,066	186,530	188,138	118,398	125,164	365,068	118,545	119,182	127,341		7.6%	-26.0%
OPERATING INCOME	79,694	25,040	21,763	32,891	21,821	66,144	22,401	28,098	15,645		-52.4%	-17.0%
EBITDA	264,676	94,616	89,603	80,457	71,613	211,954	72,531	75,902	63,521		-21.0%	-19.9%
Operating Margin	13.9%	11.8%	10.4%	21.7%	14.8%	15.3%	15.9%	19.1%	10.9%		-10.8pp	1.4pp
EBITDA Margin	46.2%	44.7%	42.7%	53.2%	48.7%	49.2%	51.5%	51.5%	44.4%		-8.8pp	3.0pp
NON-OPERATING INCOME
Interest Income	7,351	1,940	1,810	3,601	2,158	6,227	3,447	1,830	950		-73.6%	-15.3%
Other Non-Operating Income	485,853	732	7,381	477,740	1,048	2,198	596	713	889		-99.8%	-99.5%
Revenues from Related Companies	276	24	62	190	279	1,117	398	319	400		110.5%	304.7%
Interest Expense	-36,601	-11,965	-11,876	-12,760	-18,750	-22,558	-8,895	-7,204	-6,459		-49.4%	-38.4%
Amortization of Goodwill	-144,204	-2,980	-2,980	-138,244	432	-1,171	-386	-390	-395		-99.7%	-99.2%
Other Non-Operating Expenses	-8,022	-1,047	-4,914	-2,061	-17,240	-6,016	-1,481	-2,190	-2,345		13.8%	-25.0%
Monetary Correction	11,525	-1,315	4,265	8,575	-2,327	431	-3,351	3,275	507		-94.1%	-96.3%
TOTAL NON-OPERATING INCOME	316,178	-14,611	-6,252	337,041	-34,400	-19,772	-9,672	-3,647	-6,453		c.s.	c.s.
INCOME BEFORE INCOME TAX	395,872	10,429	15,511	369,932	-12,579	46,372	12,729	24,451	9,192		-97.5%	-88.3%
Income Tax	-61,574	-6,771	-9,011	-45,792	-2,318	-24,711	-4,577	-11,254	-8,880		-80.6%	-59.9%
Minority Interest	-185	46	31	-262	-105	67	19	-3	51		-119.5%	-136.2%
Amortization of Negative Goodwill	0	0	0	0	0	0	0	0	0		-	-
NET INCOME	334,113	3,704	6,531	323,878	-15,002	21,728	8,171	13,194	363		-99.9%	-93.5%
Observed exchange rate (end of the period)		616.41	636.30	608.90	557.40		585.93	579.00	529.20
		IQ	IIQ	IIIQ	IVQ		IQ	IIQ	IIIQ	IVQ
		2004	2004	2004	2004		2005	2005	2005
Earnings per Common Share (Ch$)		3.8	6.8	338.4	-15.7		8.5	13.8	0.4
Earnings per ADR (US$)		0.025	0.043	2.223	-0.112		0.058	0.095	0.003
Weighted Average Number of Shares Fully Paid (millions)		957.2	957.2	957.2	957.2		957.2	957.2	957.2

Última actualización 03/11/05
Por Telefónica CTC Chile