EX-2 4 exhibit2.htm CONSOLIDATED INCOME STATEMENT (NINE MONTHS ENDED SEPTEMBER 30)
Exhibit 2: Consolidated Income Statement      
(Nine Months Ended September 30)      
               
  Ch$ millions     US$ millions (1)  
  YTD September 01 YTD September 02 % Change   YTD September 01 YTD September 02 % Change
               
Revenues 284,481 198,806 -30.1%   409.3 265.5 -35.1%
COGS (245,054) (174,063) -29.0%   (352.6) (232.5) -34.1%
Gross Income 39,428 24,742 -37.2%   56.7 33.0 -41.7%
Gross Margin 13.9% 12.4% -10.2%   13.9% 12.4% -10.2%
SG&A (27,366) (19,864) -27.4%   (39.4) (26.5) -32.6%
% sales 9.6% 10.0% -   9.6% 10.0% -
Operating Income 12,062 4,878 -59.6%   17.4 6.5 -62.5%
Operating Margin 4.2% 2.5% -   4.2% 2.5% -
Financial Income 1,871 1,479 -20.9%   2.7 2.0 -26.6%
Equity in Earning (Losses) of Related Companies (61) 296 N/A   (0.1) 0.4 N/A
Other non-Operating Income 4,127 70 -98.3%   5.9 0.1 -98.4%
Financial Expenses (16,915) (15,110) -10.7%   (24.3) (20.2) -17.1%
Positive Goodwill Amortization (2,155) (1,802) -16.4%   (3.1) (2.4) -22.4%
Other non-Operating Expenses (3,268) (6,427) 96.7%   (4.7) (8.6) 82.6%
Price-level Restatement (12,481) (19,408) 55.5%   (18.0) (25.9) 44.3%
Non-Operating Results (28,881) (40,902) 41.6%   (41.6) (54.6) 31.5%
Income (Loss) Before Income Taxes (16,819) (36,023) 114.2%   (24.2) (48.1) 98.8%
Income Tax (4,784) (1,682) -64.9%   (6.9) (2.2) -67.4%
Extraordinary Items (86) - N/A   (0.1) 0.0 N/A
Minority Interest (1,204) 2,366 N/A   (1.7) 3.2 N/A
Negative Goodwill Amortization 16 17 5.6%   0.0 0.0 -2.0%
Net Income (Loss) (22,877) (35,322) 54.4%   (32.9) (47.2) 43.3%
               
1 Exchange rate on September 2002 US$1.00 = 748.73              
Exchange rate on September 2001 US$1.00 = 695.02              

Por Marisol Fernández León