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