|
 |
| CONSOLIDATED STATEMENTS OF
INCOME |
|
| For the year ended December
31, 2003 and 2002 |
|
2003
|
2002
|
|
|
|
ThCh$ |
ThCh$ |
| Operating results |
Revenues
|
357,379,426 |
400,261,681 |
Cost of sales
|
(285,027,378) |
(319,100,849) |
|
Gross margin
|
72,352,048 |
81,160,832 |
| Administrative and selling expenses |
(59,605,083) |
(70,781,178) |
|
|
| Operating income |
12,746,965 |
10,379,654 |
|
|
| Non-operating results |
Interest income
|
2,928,419 |
5,401,212 |
Equity participation in income of equity-method
investments
|
57,994,807 |
25,933,368 |
Other non-operating income
|
38,008,875 |
6,036,544 |
Equity participation in losses of equity-method
investments
|
(598,439) |
(498,183) |
Amortization of goodwill
|
(20,094,838) |
(20,737,172) |
Interest expense
|
(35,192,376) |
(51,234,423) |
Other non-operating expenses
|
(45,745,531) |
(65,309,403) |
Price-level restatement, net
|
1,891,935 |
5,073,338 |
Net foreign exchange gain (loss)
|
984,383 |
(14,058,234) |
|
|
Non-operating income (loss)
|
177,235 |
(109,392,953) |
|
|
Income (loss) before income taxes, minority
interest and amortization of negative goodwill
|
12,924,200 |
(99,013,299) |
Income tax (expense) benefit
|
(2,568,762) |
142,850 |
|
Income (loss) before minority interest and
amortization of negative goodwill
|
10,355,438 |
(98,870,449) |
Minority interest
|
3,816,095 |
20,727,517 |
Income (loss) before amortization of negative
goodwill
|
14,171,533 |
(78,142,932) |
|
Amortization of negative goodwill
|
23,523,313 |
1,907,919 |
|
|
Net income (loss) for the year
|
37,694,846 |
(76,235,013) |
|
* * *
|
