|
 |
| CONSOLIDATED STATEMENTS OF
CASH FLOWS |
|
| For the years ended December
31, 2003 and 2002 |
|
2003
|
2002
|
|
|
ThCh$ |
ThCh$ |
| Cash flows from operating
activities |
Collection of accounts receivable
|
408,073,968 |
474,374,280 |
Interest income received
|
2,806,478 |
14,217,987 |
Dividends and other distributions received
|
74,552,562 |
29,559,542 |
Other income received
|
1,853,531 |
2,721,648 |
Payments to suppliers and employees
|
(369,924,710) |
(417,043,968) |
Interest paid
|
(31,015,020) |
(43,994,845) |
Income taxes paid
|
(1,500,556) |
(2,012,059) |
Other operating expenses paid
|
(5,755,019) |
(4,401,527) |
VAT and other taxes paid
|
(14,249,325) |
(23,114,002) |
|
|
Net cash provided by operating activities
|
64,841,909 |
30,307,056 |
|
|
| Cash flows from financing
activities |
Increase in capital
|
45,693,869 |
1,118,131 |
Borrowings
|
42,733,118 |
141,993,747 |
Specific term borrowings from related companies
|
13,875,811 |
47,853,010 |
Other borrowings from related companies
|
258,410 |
- |
Other sources of financing
|
17,589,193 |
8,538,026 |
Dividends paid
|
(1,263,041) |
(7,989,770) |
Capital distributions
|
(549,040) |
- |
Repayment of loans
|
(167,254,649) |
(162,052,577) |
Repayment of bonds
|
(32,346,147) |
(17,443,404) |
Repayment of borrowings from related companies
|
(338,327) |
(1,930,216) |
Payment of share issuance costs
|
(881,894) |
(17,533) |
| Other amounts used in financing activities |
(17,210,945) |
(4,887,956) |
|
|
| Net cash (used in) provided by financing activities |
(99,693,642) |
5,181,458 |
|
|
| Cash flows from investing
activities |
| Proceeds from sales of property, plant and
equipment |
15,758,449 |
2,799,266 |
| Proceeds from sales of permanent investments |
72,749 |
605,447 |
| Proceeds from sales of investments in other
companies |
20,330,061 |
1,597 |
| Collection of loans from related companies |
- |
37,710 |
| Other income from investments |
37,754,373 |
23,284,928 |
| Purchases of property, plant and equipment |
(12,075,492) |
(22,800,364) |
| Payments of capitalized interest |
(77,363) |
(313,182) |
| Long-term investments in financial instruments |
(191,179) |
(611,060) |
| Investments in financial instruments |
(48,832,995) |
(301,617) |
| Loans granted to related companies |
(752,838) |
- |
| Other investing activities |
(25,000) |
(1,816,502) |
|
|
Net cash provided by investing activities
|
11,960,765 |
886,223 |
|
|
|
Net cash flows for the year
|
(22,890,968) |
36,374,737 |
|
| Effect of price-level restatement on cash
and cash equivalents |
(14,818,431) |
2,597,706 |
|
|
|
| Net (increase) decrease in cash and cash equivalents |
(37,709,399) |
38,972,443 |
|
| Cash and cash equivalents, beginning of year |
94,018,044 |
55,045,601 |
|
|
| Cash and cash equivalents, end of year |
56,308,645 |
94,018,044 |
|
* * *
|
