EX-1 3 ex1.htm EXHIBIT 1: INCOME STATEMENT (FOURTH QUARTER 2007)



































Exhibit 1: Income Statement (Fourth Quarter 2007)

























Ch$ millions

US$ millions (1)

%



Q4'07 Q4'06

Q4'07 Q4'06

Change












Net sales

189.076 179.421

380,5 361,1

5,4%












Cost of goods sold

(84.102) (80.123)

(169,3) (161,2)

5,0%

% of sales
44,5% 44,7%

44,5% 44,7%














Gross profit

104.975 99.298

211,3 199,8

5,7%

% of sales
55,5% 55,3%

55,5% 55,3%














SG&A

(68.839) (65.341)

(138,5) (131,5)

5,4%

% of sales
36,4% 36,4%

36,4% 36,4%














Operating income

36.135 33.957

72,7 68,3

6,4%

% of sales
19,1% 18,9%

19,1% 18,9%














Non-operating result











Financial income
129 1.217

0,3 2,4

-89,4%

Equity in NI of rel. companies
(1.097) 2

(2,2) 0,0

NM

Other non-operating income
16.027 1.688

32,3 3,4

849,2%

Amortization of goodwill
(637) (713)

(1,3) (1,4)

-10,7%

Interest expenses
(2.728) (2.214)

(5,5) (4,5)

23,2%

Other non-operating expenses
(2.186) (4.621)

(4,4) (9,3)

-52,7%

Price level restatement
(2.141) 526

(4,3) 1,1

NM

Currency exchange result
(94) 259

(0,2) 0,5

NM

Total
7.275 (3.855)

14,6 (7,8)

NM












Income before taxes

43.410 30.102

87,4 60,6

44,2%

Income taxes
(7.643) (5.803)

(15,4) (11,7)

31,7%

Tax rate
17,6% 19,3%

17,6% 19,3%














Minority interest

(740) (32)

(1,5) (0,1)

2181,2%












Amort. of negative goodwill

11 13

0,0 0,0

-14,0%












Net income

35.038 24.280

70,5 48,9

44,3%

% of sales
18,5% 13,5%

18,5% 13,5%














Earnings per share

110,01 76,23

0,22 0,15

44,3%
Earnings per ADR

550,05 381,16

1,11 0,77














Weighted avg. shares (millions)

318,5 318,5

318,5 318,5














Depreciation

11.343 11.225

22,8 22,6

1,0%
Amortization

141 150

0,3 0,3

-6,2%
EBITDA

47.619 45.332

95,8 91,2

5,0%

% of sales
25,2% 25,3%

25,2% 25,3%














Capital expenditures

14.299 9.580

28,8 19,3

49,3%












(1) Exchange rate: US$1.00 = Ch$496.89










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