EX-2 4 income.htm
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (CHGAAP)                        
(Millions of Ch$ as of June 30, 2006)                        
  JAN-JUN IQ IIQ IIIQ IVQ JAN-JUN IQ IIQ IIIQ IVQ VARIATION
  2005 2005 2005 2005 2005 2006 2006 2006     IIQ06/IIQ05 2006/2005
OPERATING REVENUES                        
                         
FIXED TELECOMMUNICATIONS 223,899 108,588 115,311 113,317 109,116 218,406 109,626 108,780     -5.7% -2.5%
Basic Telephony 152,836 74,411 78,425 74,410 70,275 134,845 68,567 66,278     -15.5% -11.8%
Telephone Line Serv.Fee (Fixed Monthly Charge) 67,380 33,236 34,144 30,660 26,858 46,141 24,559 21,582     -36.8% -31.5%
Variable Charge 51,233 25,014 26,219 24,631 22,110 38,456 19,858 18,598     -29.1% -24.9%
Connections and other installations 1,506 684 822 861 949 772 440 332     -59.6% -48.7%
Plans of minutes (tariff flexibility) 19,254 8,733 10,521 12,022 14,954 38,749 17,825 20,924     98.9% 101.3%
Value added services 10,347 5,331 5,016 4,923 4,419 8,321 4,409 3,912     -22.0% -19.6%
Other basic telephony revenues 3,116 1,413 1,703 1,313 985 2,406 1,476 930     -45.4% -22.8%
Broadband 19,010 8,262 10,748 11,877 12,486 29,530 13,988 15,542     44.6% 55.3%
Access Charges and Interconnections 21,936 10,313 11,623 10,737 11,815 24,736 12,363 12,373     6.5% 12.8%
Domestic long distance 5,587 2,778 2,809 2,510 2,361 4,364 2,255 2,109     -24.9% -21.9%
International long distance 1,460 663 797 514 423 843 419 424     -46.8% -42.3%
Other interconnection services 14,889 6,872 8,017 7,713 9,031 19,529 9,689 9,840     22.7% 31.2%
Other Fixed Telecommunications businesses 30,117 15,602 14,515 16,293 14,540 29,295 14,708 14,587     0.5% -2.7%
Directory Advertising 1,509 1,059 450 2,933 986 1,265 915 350     -22.2% -16.2%
ISP- switched and dedicated 1,362 675 687 613 583 1,127 559 568     -17.3% -17.3%
Security services (Telemergencia) 3,907 1,940 1,967 2,081 2,182 4,465 2,267 2,198     11.7% 14.3%
Public telephones 5,295 2,713 2,582 2,448 2,184 4,815 2,567 2,248     -12.9% -9.1%
Interior installations 15,656 7,892 7,764 7,583 7,785 15,697 7,811 7,886     1.6% 0.3%
Equipment marketing 2,388 1,323 1,065 635 820 1,900 589 1,311     23.1% -20.4%
Paid TV services 0 0 0 0 0 26 0 26     c.s. c.s.
                         
LONG DISTANCE 31,451 15,728 15,723 13,076 14,083 28,213 14,235 13,978     -11.1% -10.3%
Domestic Long Distance 12,307 6,183 6,124 5,855 5,362 10,763 5,638 5,125     -16.3% -12.5%
International Service 11,543 5,694 5,849 3,347 4,788 10,727 5,214 5,513     -5.7% -7.1%
Rental of LD Network 7,601 3,851 3,750 3,874 3,933 6,723 3,383 3,340     -10.9% -11.6%
                         
CORPORATE CUSTOMER COMMUNICATIONS 38,110 19,227 18,883 19,323 21,640 37,041 18,319 18,722     -0.9% -2.8%
Equipment 6,197 2,411 3,786 3,474 3,854 5,474 2,318 3,156     -16.6% -11.7%
Complementary Services 7,017 3,480 3,537 4,051 3,759 6,837 3,429 3,408     -3.6% -2.6%
Data services 15,112 8,338 6,774 6,543 6,773 12,846 6,217 6,629     -2.1% -15.0%
Dedicated links and others 9,784 4,998 4,786 5,255 7,254 11,884 6,355 5,529     15.5% 21.5%
                         
OTHER BUSINESSES 1,527 708 819 655 900 1,193 704 489     -40.3% -21.9%
                         
MOBILE COMMUNICATIONS 0 0 0 0 0 0 0 0     n/a n/a
Outgoing Traffic 0 0 0 0 0 0 0 0     n/a n/a
Interconnection under Calling Party Pays 0 0 0 0 0 0 0 0     n/a n/a
TOTAL OPERATING REVENUES 294,987 144,251 150,736 146,371 145,739 284,853 142,884 141,969     -5.8% -3.4%
                         
                         
                         
  JAN-JUN IQ IIQ IIIQ IVQ JAN-JUN IQ IIQ IIIQ IVQ VARIATION
  2005 2005 2005 2005 2005 2006 2006 2006     IIQ06/IIQ05 2006/2005
OPERATING COSTS AND EXPENSES 243,304 121,416 121,888 130,360 125,380 247,044 123,147 123,897     1.6% 1.5%
OPERATING INCOME 51,683 22,835 28,848 16,011 20,359 37,809 19,737 18,072     -37.4% -26.8%
EBITDA 151,915 74,179 77,736 65,023 69,934 141,176 70,656 70,520     -9.3% -7.1%
Operating Margin 17.5% 15.8% 19.1% 10.9% 14.0% 13.3% 13.8% 12.7%     -6.4pp -4.2pp
EBITDA Margin 51.5% 51.4% 51.6% 44.4% 48.0% 49.6% 49.4% 49.7%     -1.9pp -1.9pp
NON-OPERATING INCOME                        
Interest Income 5,401 3,531 1,870 972 1,700 2,013 683 1,330     -28.9% -62.7%
Other Non-Operating Income 1,462 611 851 788 890 808 506 302     -64.5% -44.7%
Revenues from Related Companies 734 407 327 409 555 843 429 414     26.6% 14.9%
Interest Expense -16,476 -9,110 -7,366 -6,613 -6,737 -10,370 -5,016 -5,354     -27.3% -37.1%
Amortization of Goodwill -794 -395 -399 -404 -403 -1,479 -1,130 -349     -12.5% 86.3%
Other Non-Operating Expenses -3,879 -1,518 -2,361 -2,279 -7,063 -11,805 -10,275 -1,530     -35.2% 204.3%
Monetary Correction 210 -3,167 3,377 230 2,493 2,033 -441 2,474     -26.7% 868.1%
TOTAL NON-OPERATING INCOME -13,342 -9,640 -3,702 -6,897 -8,565 -17,957 -15,244 -2,713     -26.7% 34.6%
INCOME BEFORE INCOME TAX 38,341 13,195 25,146 9,114 11,794 19,852 4,493 15,359     -38.9% -48.2%
Income Tax -16,202 -4,688 -11,514 -9,091 -8,466 -13,013 -3,824 -9,189     -20.2% -19.7%
Minority Interest 16 19 -3 53 -99 202 66 136     c.s. c.s.
Amortization of Negative Goodwill 0 0 0 0 0 0 0 0     c.s. c.s.
NET INCOME 22,155 8,526 13,629 76 3,229 7,041 735 6,306     -53.7% -68.2%
Observed exchange rate (end of the period)   585.93 579.00 529.20 512.50   526.18 539.44        
                         
    IQ IIQ IIIQ IVQ   IQ IIQ IIIQ IVQ    
    2005 2005 2005 2005   2006 2006        
Earnings per Common Share (Ch$)   8.9 14.2 0.1 3.4   0.8 6.6        
Earnings per ADR (US$)   0.061 0.098 0.001 0.026   0.006 0.049        
Weighted Average Number of Shares Fully Paid (millions)   957.2 957.2 957.2 957.2   957.2 957.2        
                         

Última actualización 25/07/06
Por Telefónica CTC Chile