|
 |
| CONSOLIDATED STATEMENTS OF
CASH FLOWS |
|
| For the year ended December
31, 2003 and 2002 |
|
2003 |
2002 |
|
|
ThCh$ |
ThCh$ |
| Reconciliation
between net income (loss) and operating cash flows |
Net income (loss) for the year
|
37,694,846 |
(76,235,013) |
|
| Income from sales of assets |
Loss on the sale of property, plant and equipment
|
2,927,230 |
17,088 |
Gain on the sale of investments
|
(18,568) |
(422,926) |
Loss on the sale of investments
|
87,014 |
17,189 |
|
| Add (deduct) charges (credits)
to net income (loss) which do not represent cash flows |
Depreciation
|
28,667,916 |
29,450,170 |
Amortization of intangible assets
|
104,313 |
879,472 |
Write-offs and provisions
|
8,878,070 |
12,870,040 |
Equity participation in income of equity-method
investments
|
(57,994,807) |
(25,933,368) |
Equity participation in losses of equity-method
investments
|
598,439 |
498,183 |
Amortization of goodwill
|
20,094,838 |
20,737,172 |
Amortization of negative goodwill
|
(23,523,313) |
(1,907,919) |
Price-level restatement, net
|
(1,891,935) |
(5,073,338) |
Net foreign exchange (gain) loss
|
(984,383) |
14,058,234 |
Other non-cash credits
|
(4,039,936) |
(10,048,829) |
Other non-cash charges
|
37,502,029 |
59,208,286 |
|
| Variations in assets affecting
cash flows (increase) decrease |
Accounts receivable
|
(19,389,775) |
4,102,443 |
Inventories
|
1,604,573 |
7,860,425 |
Other assets
|
19,115,012 |
44,746,113 |
|
| Variations in liabilities
affecting cash flows increase (decrease) |
Accounts payable related to operating income
|
(2,333,499) |
(53,555,342) |
Interest payable
|
16,556,998 |
12,561,097 |
Income taxes payable, net
|
799,586 |
957,774 |
Other accounts payable related to non-operating
income
|
3,942,432 |
15,526,434 |
VAT and other taxes payable
|
260,924 |
721,188 |
|
|
Minority interest
|
(3,816,095) |
(20,727,517) |
|
|
|
Net cash provided by operating activities
|
64,841,909 |
30,307,056 |
|
* * *
|
