STANDARD CODED STATISTICAL RECORD CAP S.A. Consolidated Thousands of US dollars

Transcription

1 STANDARD CODED STATISTICAL RECORD CAP S.A. Consolidated Thousands of US dollars Date Date of document Nº Notes Nº Regist Accountant CIIU PATRICIO VALDIVIA MUÑOZ Docket Nº Signing Manager JAIME ARBILDUA ARAMBURU Firm name Fantasy trade name RUT/(taxID) CAP S.A. " CAP " Address City Region telephone Fax POBox Telex HUERFANOS 669, floor 8 SANTIAGO D CAP CL Deed : City Notary s Offi. Date SANTIAGO PEDRO CUEVAS Legalization : Publication Date CommerceReg. Pages Nº Date SANTIAGO Resolution : Gov. Agency Nº Date TREASURY DEPARTMENT DTO RUT Administration : Legal Representative ARBILDUA ARAMBURU, JAIME K General Manager ARBILDUA ARAMBURU, JAIME K Chairman of the Board DE ANDRACA BARBAS, ROBERTO Directors VICEPRESIDENT : RASSMUSS ECHECOPAR, JUAN DIRECTORS : ALVEAR ARTAZA, FERNANDO K CHUECAS MUÑOZ, DAGOBERTO MENDEZ GONZALEZ, JUAN CARLOS REITICH SILBERMAN, HECTOR VON APPEN BEHRMANN, SVEN Shareholder s Name Type Pers. RUT % Prop. INVERCAP S.A. C A.F.P. CUPRUM S.A. PARA FONDO DE PENSIONES D M.C. INVERSIONES LTDA. D CIA. EXPLOTADORA DE MINAS S.C.M. D A.F.P. HABITAT S.A. PARA FONDO DE PENSIONES D INVERSIONES RAND LTDA. D A.F.P. PROVIDA S.A. PARA FONDO DE PENSIONES D FUNDACION CAP D A.F.P. SANTA MARIA PARA FONDO DE PENSIONES D INVERSIONES AEGIS CHILE S.A. D A.F.P. PROTECCION S.A. PARA FONDO DE PENSIONES D INVERSIONES MONTERREY LTDA. D TOTAL Total Shares Capital Total voting shares Sharholders Underwritten Paid Subscribed Paid 7, ,448, ,448, , ,

2 Class: X Common Series SINGLE Number Preferred Description of Preferences Series Number Risk Classification : Shares Common Preferred Date Classif. 1 1 st CLASS Classif. 2 1 st CLASS Rating RUT Agencies FELLER RATE CLASIFICADORA DE RIESGO LTDA DUFF AND PHELPS CHILE CLASIFICADORA DE RIESGO LTDA Observations Other information : Nº Employees Date Meeting Year End Subsidiaries Associated companies External Auditors DELOITTE AND TOUCHE RUT A) Permanent investment statement RUT COMPANIES Nº OF % COMPANIES ACCOUNTING PERFORMANCE LISTED SECURITY SHARES OWNERSHIP VALUE EQUITY INVESTMENT (V.P.P.) OF FISCAL YEAR UNIT PARTN ERSHIP COMPAÑIA MINERA LA 10,500 50,00 20,990 4, JAULA CIA. MINERA CARMEN 1,647 27,00 7,653 2,067 (5,288) DE ANDACOLLO COMPAÑIA MINERA 934,950 50,00 18,699 9, HUASCO S.A. 4 ================ 5 TOTAL US$ 16,024 6

3 BALANCE SHEET Cash 9,748 13,623 Time deposits 3,107 3,207 Marketable securities (net) ,271 Trade debtors (net) 47,530 40,568 Trade notes receivable (net) 1,868 1,426 Sundry debtors (net) 14,288 32,785 Due from related companies 3,425 3,983 Inventories (net) 161, ,685 Refundable taxes 4,128 3,003 Prepaid expenses 4,513 3,085 Deferral of taxes Other current assets 6,674 3,747 Total current assets 257, ,383 Land 3,211 2,836 Buildings and infrastructure 431, ,834 Machinery and equipment 1,336,978 1,334,020 Other fixed assets 42,855 25,684 Technical revaluation of fixed assets 84,144 84,611 Accumulated depreciation (minus) (1,105,392) (1,050,610) Net fixed assets 792, ,375 Investments in related companies 16,879 10,692 Investments in other companies Def. of carrying value over cost of investment Excess of carrying value over cost of (1,570) (1,744) investment (minus) Long-term debtors 14,846 14,646 Due from related companies 12,776 11,869 Intangibles Redemption (minus) Others 44,231 39,843 Total other assets 87,239 75,387 TOTAL ASSETS 1,137,324 1,256,145

4 Banks and Financial institutions - Short term 39,858 8,537 Banks and financial institutions- Short term Portion 64,705 98,830 Negotiable instruments Bonds --- 5,372 Long term liabilities due within a year 4,672 2,304 Dividends payable Accounts payable 30,282 30,346 Notes payable 36,337 16,131 Sundry creditors 1,398 1,455 Dues from related companies Provisions 38,654 36,057 Withholdings 8,482 5,504 Income tax 2, Unearned income Deferral of taxes Other current liabilities Total current liabilities 227, ,390 Banks and Financial institutions 371, ,622 Bonds ,834 Notes payable Sundry creditors 13,695 18,743 Dues from related companies Provisions 40,688 44,275 Other long-term liabilities 2,373 3,108 Total long-term liabilities 428, ,582 Minority interest Paid-in capital 379, ,444 Reserves for capital revaluation Price premium for sales of own shares Reserve for excess value of technical revaluation of fixed assets Other reserves 3,368 3,791 Deficit accumulated development period (minus) Retained earnings 117,779 89,788 Reserve future dividends Accumulated earnings 119,260 90,878 Accumulated losses (minus) Earnings (loss) of business year 11,009 8,665 Interim dividends (minus) (12,490) (9,755) Total shareholders equity 500, ,023 TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 1,156,711 1,242,097

5 INCOME STATEMENT Sales 158, ,594 Costs of Sales (130,831) (150,973) Operating Margin 28,105 26,621 Selling and Administrative Expenses (5,492) (6,458) OPERATING INCOME 22,613 20,163 Financial income 887 1,628 Earnings from investments in related companies Other income 5,025 3,481 Losses from investments in related companies (1,427) --- Financial expenses (10,651) (12,841) Other expenditures (2,841) (3,691) Adjustment for currency devaluation OTHER INCOME (EXPENSES) (9,007) (10,718) Income before income tax 13,606 9,445 Income tax (2,641) (826) Consolidated income (Losses) 10,965 8,619 Minority interest NET INCOME (LOSSES) 10,965 8,621 Redemption of excess value of investments INCOME (LOSSES) FOR BUSINESS YEAR 11,009 8,665

6 CASH FLOW STATEMENT from 01/01/ /01/1997 to 03/31/ /31/1997 TOTAL NET FLOW OF THE PERIOD Cash flow from operating activities Cash received from customers 160, , Financial income received 77 2, Dividends and other allotments received Other income received 900 5, Cash paid to suppliers and employees (minus) (162,773) (133,277) Interest paid (minus) (6,315) (8,362) Income tax paid (minus) (175) (145) Other expenses paid (minus) (998) (333) VAT and other similar taxes paid (minus) (6,718) (7,750) NET CASH FLOW FROM OPERATING ACTIVITIES (15,081) 35,433 Cash flow from financing activities Sale of cash shares Proceeds from loans 56, Bonds Documented loans to related companies Proceeds from other loans to related companies Other financing sources Dividends paid (minus) (3,402) (3,511) Capital allocation (minus) Payment of loans (minus) (39,011) (38,193) Payment of bonds (minus) Payment of documented loans from related companies (minus) Payment of other loans from related companies (minus) Payment of expenses from shares issuance and sale (minus) Payment of expenses from bonds issuance and sale (minus) Other disbursements for financing activities (minus) (90) NET CASH FLOW FROM FINANCING ACTIVITIES 13,925 (41,704)

7 from 01/01/ /01/1997 to 03/31/ /31/1997 Cash Flow from Investing Activities Proceeds from sales of fixed assets 630 1, Proceeds from sales of permanent investments Proceeds from sales of other investments Collection of documented loans to related companies Collection of other loans to related companies Other income from investments 13, Purchase of fixed assets (minus) (4,578) (2,973) Payment of capitalized interests (minus) Purchase of permanent investments (minus) (627) (1,067) Purchase of investments in financial instruments (minus) Documented loans to related companies (minus) Other loans to related companies (minus) (75) Other investing disbursements (minus) (186) (6) NET CASH FLOW FROM INVESTING ACTIVITIES (4,761) 9, TOTAL NET CASH FLOW FOR THE YEAR (5,917) 3, IMPACT OF INFLATION ON CASH AND CASH EQUIVALENTS NET CHANGES IN CASH AND CASH EQUIVALENTS (5,917) 3, CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 11,925 78, CASH AND CASH EQUIVALENTS AT END OF YEAR 6,008 81,941

8 RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES from 01/01/ /01/1997 to 03/31/ /31/ Net income (losses) for business year 11,009 8,665 Results from sale of assets: (Profits) Losses from sales of fixed assets (3,722) (14) (Profits) on sales of investments Losses on sales of investments (Profits) Losses on sales of other assets Charges (credits) to income not representing cash flows: Depreciation 15,215 19, Amortization of intangibles Write-offs and provisions Equity in earnings of related companies (minus) (705) Equity in losses of related companies 1, Amortization by deficit of carrying value over cost of investments Amortization by excess of carrying value over cost of (44) (44) investments (minus) Net adjustment for currency devaluation Other credits to income not representing cash flows (minus) (3,473) (1,751) Other charges to income not representing cash flows 2,461 20,424 Changes in assets. affecting cash flows: (Increase) decrease in trade accounts receivable (35,386) (29,264) (Increase decrease in inventories 1,797 19, (Increase) decrease in other assets 2,265 (5,269) Changes in liabilities. affecting cash flows: Increase (decrease) in accounts payable related to operating income (16,958) 6, Increase (decrease) in interest payable 2,266 1, Net increase (decrease) in income taxes payable Increase (decrease) of other accounts payable payable related to non-operating income (247) (7,097) Net increase (decrease) in Value Added Tax and other similar taxes payable 7,547 1,955

9 Increase (losses) in minority interest 0 (2) NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (15,081) 35,433