DOCSLIB.ORG

2005 Annual Report 2005 23 23 Administrative and Selling Expenses Were USD 364 Our Pessimism About 2006 Has Also Been Confirmed Million, 43% More Than in 2004

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2005 Annual Report 2005 23 23 Administrative and Selling Expenses Were USD 364 Our Pessimism About 2006 Has Also Been Confirmed Million, 43% More Than in 2004 Founded in 1872 Annual Report 2005 Germany Hamburg USA New Jersey Brazil Sao Paulo Valparaiso Chile Santiago Annual Report 2005 2 Annual Report 4 Chairman’s Letter to the Shareholders 7 Board of Directors 8 Management 11 Historical Summary: India A Regional Company Going Global New Delhi China 5 CSAV and the Community Hong Kong 9 Description of the Company and the Industry 2 The CSAV Group in 2005 26 CSAV Services 2 Services of Norasia Container Lines Ltd. 4 Services of Companhia Libra de Navegaçao and Montemar Marítima S.A. 6 Other Activities of the Year 48 General Information 52 Material Information 55 Subsidiary Companies of CSAV 68 Other Subsidiaries and Associate Companies 84 Summarized Ownership Structure of Subsidiaries 88 Investments as a Percentage of the Total Assets 9 Financial Statements 206 Statement of Liability Regional offices CSAV Annual Report 2005 Chairman’s Letter to the Shareholders Dear Shareholder, I am writing to inform you about the Company’s activities during 2005. CSAV obtained a net income of USD 2,0,67, the second highest in its history, despite incurring losses in the last quarter for reasons which we will explain later. CSAV again increased its group sales, from USD 2,685,886,778 to USD ,894,960,977, which represents a growth of 45%. The volume of containers carried by the Company increased by 29.9%, enabling us to become the 4th shipping company in this business. This improvement was due to the favourable development of the global economy which grew by 4,5% (our forecast was 4,2%) and also the satisfactory growth of the Chilean economy which, using a new method of calculation, rose by 6.% (our forecast was 5.8% using the old system). The increase in container volume was noticed in practically all the traffics but particularly in those related to China, where the average weighted increase was 27.2%. The Chinese economy grew by 9.9% in 2005. SAAM continued to produce satisfactory results, as also our subsidiary Odjfell y Vapores S.A. and our associate company Belden Shipping Pte. Std. How do I see the year 2006? I think that from an economic point of view it should be a little weaker than 2005. However, it will be a very bad year from the point of view of the containership freights business. The problem for containerships has already been explained to shareholders in the financial statements of September and December 2005. It is very simple: there is an imbalance between supply and demand in this freight market. Capacity has risen and continues to rise because practically all shipowners, seeing the good results and tariff rises of the years 2004 and most of 2005, ordered the building of new ships, many of which with a larger capacity than existing ones. Demand, on the other hand, has not risen in the same proportion. Annual Report 2005 4 This imbalance has led to a heavy fall in tariffs which will continue, unfortunately, for some time. This is not the only problem that concerns us. Oil prices continue to affect the shipping business and the global economy in general, and there are reasons for worry about the situation in Iran. The terrorist threat remains latent. London was added to the attacks on New York and Madrid. Terrorism at sea has been more active. A matter of great concern is the possible protectionist war between the United States of America and China, the leading countries in global economic growth. Should actions of this kind materialize, it is possible to think that the world globalization process will be in danger and that there is a risk of recession. The Twenty-First Century Project has continued to progress and, with satisfaction somewhat delayed, I should inform you that the “Proyecto Integra” has progressed considerably. We are now working on applying it in Norasia. Acknowledgements As in previous years, I should like to record the thanks of the board and myself to all the Company’s personnel who have contributed to producing the results of this year. Ricardo Claro Valdés Chairman Annual Report 2005 5 Annual Report 2005 6 Board of Directors CHAIRMAN VICE PRESIDENT Ricardo Claro Valdés Felipe Lamarca Claro Lawyer Business Engineer Board Member since April 986 Board Member since April 200 TAX ID: .58.999- TAX ID: 4.779.25- DIRECTORS Luis Alvarez Marín Baltazar Sánchez Guzmán Agronomist Business Engineer Board Member since April 979 Board Member since July 990 TAX ID: .490.52-5 TAX ID: 6.060.760-5 Joaquín Barros Fontaine Christoph Schiess Schmitz General Manager Business Engineer & Bachelor of Commerce Board Member since April 2000 Board Member since April 996 TAX ID: 5.89.26-0 TAX ID: 6.7.875-0 Juan Andrés Camus Camus Patricio Valdés Pérez Business Engineer General Manager Board Member since April 2004 Board Member since April 988 TAX ID: 6.70.84-0 TAX ID: 7.44.809- Arturo Claro Fernández Agronomist Board Member since April 987 TAX ID: 4.08.676-9 PRESIDENT AD-HONOREM Jaime Claro Valdés José Luis Cerda Urrutia Civil Industrial Engineer Civil Engineer Board Member since April 997 TAX ID: .66.990-6 TAX ID: .80.078- Patricio García Domínguez SECRETARY TO THE BOARD General Accountant Alexander Tavra Checura Board Member since April 988 Navy-Systems Engineer TAX ID: .09.849-9 TAX ID: 6.25.67-9 Changes in the Board There were no changes in the board during 2005. Directors’ Committee The Directors’ Committee, as referred to in clause 50 Bis of Law 8,046, comprised during the year Luis Alvarez Marín (chairman), Patricio García Domínguez and Juan Andrés Camus Camus. Annual Report 2005 7 Management General Manager Deputy General Manager Juan Antonio Alvarez Avendaño Domingo Cruzat Amunátegui Lawyer Civil Industrial Engineer Tax ID: 7.0.770- Tax ID: 6.989.04-K Senior Vice President Information Technology Senior Vice President West Coast South America Lines Senior Vice President Shipmanagement Roberto Aguiló Ríos Luis Alvarez Ríos Héctor Arancibia Sánchez Civil Engineer Civil Engineer Mechanical Navy Engineer Tax ID: 6.065.462-K Tax ID: 7.75.692 – 0 Tax ID: 4.80.268-0 Senior Vice President Libra and Montemar Lines Senior Vice President East Coast Lines Senior Vice President Chartering & Bulk Enrique Arteaga Correa Gonzalo Baeza Solsona Santiago Bielenberg Vásquez Civil Industrial Engineer Civil Industrial Engineer Business Engineer Tax ID: 9.77.86-9 Tax ID: 6.955.062-2 Tax ID: 5.05.578-8 Senior Vice President Operations & Logistics Senior Vice President Human Resources Regional Manager West Coast South America Fernando Bustamante Feres Guillermo Cobo González Eugenio Cruz Novoa Electronic Engineer Degree in Administration Civil Engineer Tax ID: 6.622.925-4 Tax ID: 4.756.86- Tax ID: 7.08.89-8 Senior Vice President North America Region Senior Vice President 2st Century Project and Management Control Senior Vice President Cargo Services Mario Da-Bove Andrade Rodrigo de la Cuadra Infante Rafael Della Maggiora Silva Business Engineer Foods Engineer Civil Industrial Engineer Tax ID:4.75.284-K Tax ID: 8.96.078-7 Tax ID: 6.999.711-2 Senior Vice President Comptroller Senior Vice President Administration & Finance Senior Vice President Norasia Lines Gabriel Escobar Pablo Rafael Ferrada Moreira Guillermo Ginesta Bascuñán Business Engineer Business Engineer Civil Industrial Engineer Rut: 7.58.066- Tax ID: 0.02.911-2 Tax ID: 7.011.275-2 Senior Vice President Processes Senior Vice President Asia Region Senior Vice President Europe Region Patrick Horn García Alejandro Pattillo Moreira Arturo Ricke Guzmán Civil Industrial Engineer Degree in Economics Business Engineer Tax ID: 6.728.2-6 Tax ID: 7.4.5-5 Tax ID: 6.994.49-0 Senior Vice President Car Carrier & Reefer Senior Vice President Marketing and Commercial Senior Vice President Reefer Cristóbal Rollán Rodríguez Francisco Subiabre Vergara Jorge Villagra Mendoza Business Engineer Business Engineer Chilean Merchant Marine Captain Tax ID: 7.554.67- Tax ID: 5.589.92-5 Tax ID: 5.752.2-2 Senior Vice President Global Customer Support Vice President Technical Vice President Sales Ricardo Waidele Cortés Guillermo Baltra Aedo Arturo Castro Miranda Agronomist Naval Engineer Transport Engineer Tax ID: 5.22.28-2 Tax ID: 6.004.82-0 Tax ID: 6.997.529- Vice President Insurance and Claims Vice President Research Vice President Human Resources Ignacio Jiménez Olmo Vivien Swett Brown Juan Carlos Valenzuela Aguirre Civil Industrial Engineer Business Engineer Degree in Philosophy Tax ID: 6.06.6-K Tax ID: 8.57.420- Tax ID: 9.805.849-4 Vice President Container Logistics Senior Lawyer Head of International Legal Department Fernando Valenzuela Diez Cristian Araya Maggi Renaud Fabri Electronic Engineer Lawyer Lawyer Tax ID: 7.75694-7 Tax ID: 8.7.87-9 Tax ID: 4.740.09-K Head of Legal Department External lawyers: Beltrán Sáez Martínez de Morentín Antonio Pedrals García de Cortázar Harasic y Cía. Lawyer Estudio Claro y Cía. Correa y Lyon Abogados Ltda. Tax ID: 2.89.04-0 Juan Carlos Osorio y Cía. Jaime Santibáñez Guarello Annual Report 2005 8 Organizational Structure Senior Vice President Shipmanagement Héctor Arancibia Sánchez Mechanical Navy Engineer Board of Tax ID: 4.80.268-0 Directors Senior Vice President Chartering & Bulk Santiago Bielenberg Vásquez Directors's General Business Engineer Committee Secretary Tax ID: 5.05.578-8 General Management Regional Manager West Coast South America Research Human Eugenio Cruz Novoa Department Resources Civil Engineer Tax ID: 7.08.89-8 21st Century Comptroller Senior Vice President Cargo Services Project Management Rafael Della Maggiora Silva Civil Industrial Engineer Tax ID: 6.999.711-2 Deputy General Senior Vice President Norasia Lines
Load more

Recommended publications
  • Año 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Cartera Cartera Cartera Cartera Cartera Cartera Cartera Cartera Cartera C
    EVOLUCION DE LA CARTERA CHILE 65 Año 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Cartera Cartera Cartera Cartera Cartera Cartera Cartera Cartera Cartera Cartera 1 Aguas A Aguas A Aguas A Aguas A Aguas A Aguas A Aguas A Aguas A Aguas A Aguas A 2 Andina B Almendral Almendral Almendral Andina B Andina B Andina B Andina B Andina B Andina B 3 Banmedica Andina B Andina B Andina B Banmedica Andrómaco Andrómaco Andrómaco Andrómaco Andrómaco 4 Banvida Banmedica Banmedica Banmedica Banvida Banmedica Banmedica Banmedica Banmedica Banmedica 5 Bbvacl Banvida Banvida Banvida Bbvacl Banvida Banvida Banvida Banvida Banvida 6 Bci Bbvacl Bbvacl Bbvacl Bci Bbvacl Bci Bci Bci Bci 7 Besalco Bci Bci Bci Besalco Bci Besalco Besalco Besalco Besalco 8 Bsantander Besalco Besalco Besalco Bsantander Besalco Bsantander Bsantander Bsantander Bsantander 9 Cap Bsantander Bsantander Bsantander Cap Bsantander Cap Cap Cap Cap 10 Cct Cap Cap Cap Cct Cap Cct Cementos CCU CCU 11 Cementos Cct Cct Cct Cementos Cct Cementos Cencosud Cementos Cementos 12 CCU Cementos Cementos Cementos Cencosud Cementos Cencosud CCU Cencosud Cencosud 13 Cge CCU CCU CCU CCU Cencosud CCU Cge Cge Cge 14 Chile Cge Cge Cge Cge CCU Cge Chile Chile Chile 15 Chilectra Chile Chile Chile Chile Cge Chile Cintac Cintac Cintac 16 Cintac Chilectra Chilectra Chilectra Cintac Chile Cintac Cmpc Cmpc Cmpc 17 Cmpc Cintac Cintac Cintac Cmpc Cintac Cmpc Colbun Colbun Colbun 18 Colbun Cmpc Cmpc Cmpc Colbun Cmpc Colbun Conchatoro Conchatoro Conchatoro 19 Coloso Colbun Colbun Colbun Coloso Colbun Conchatoro Copec
    [Show full text]
  • Impacts of Nonstate, Market-Driven Governance on Chilean Forests
    Impacts of nonstate, market-driven governance on Chilean forests Robert Heilmayra,1 and Eric F. Lambinb,c,d,1 aEmmett Interdisciplinary Program for Environment and Resources, Stanford University, Stanford, CA 94305; bGeorges Lemaître Centre for Earth and Climate Research, Earth and Life Institute, Université Catholique de Louvain, 1348 Louvain-la-Neuve, Belgium; cSchool of Earth, Energy, and Environmental Sciences, Stanford University, Stanford, CA 94305; and dWoods Institute for the Environment, Stanford University, Stanford, CA 94305 Contributed by Eric F. Lambin, January 13, 2016 (sent for review August 10, 2015) Global markets for agricultural products, timber, and minerals are regimes may exceed the benefits for landowners, minimizing the po- critically important drivers of deforestation. The supply chains driving tential for large-scale conservation benefits (15). In addition, suppliers land use change may also provide opportunities to halt deforesta- may be able to circumvent environmental agreements by segmenting tion. Market campaigns, moratoria, and certification schemes have markets and shipping production that fails to meet environmental been promoted as powerful tools to achieve conservation goals. standards to consumers with weaker environmental concerns (16). Despite their promise, there have been few opportunities to rigor- Even if initially effective, corporate commitments to environmental ously quantify the ability of these nonstate, market-driven (NSMD) practices may wane as public attention turns elsewhere (17). governance regimes to deliver conservation outcomes. This study Such critiques highlight the importance of clear program eval- analyzes the impacts of three NSMD governance systems that sought uation to determine the effectiveness of NSMD governance re- to end the conversion of natural forests to plantations in Chile at the gimes.
    [Show full text]
  • CSAV's Subsidiary Companies
    IDENTIFICATION OF THE COMPANY • Name Compañía Sud Americana de Vapores S.A. • Ticker code Vapores • Tax Number 90.160.000 - 7 • Type of Entity Stock listed company • Securities Register Number 76 • Legal Address Valparaíso, Chile CONSTITUTION DOCUMENTS Compañía Sud Americana de Vapores was incorporated by public deed dated October 4, 1872 before the Valparaíso notary Julio César Escala. Its existence was authorized by Supreme Decree 2,347 of October 9, 1872. These documents were registered on page 486 ff, No.147 and page 497 ff, No.148 respectively in the Valparaíso Registrar of Commerce on October 15, 1872. OFFICES Valparaíso Plaza Sotomayor 50, Valparaíso Postal Code 2360171 PO Box 49-V Telephone: (56-32) 220 3000 Telefax: (56-32) 220 3333 Santiago Hendaya 60, floors 10 to 14, Las Condes Postal Code 6760399 PO Box 186 – Correo 34 Telephone: (56-2) 2330 7000 Telefax: (56-2) 2330 7700 WEB SITE www.csav.com SHAREHOLDER SERVICES DCV Registros S.A. Huérfanos 770 Piso 22 Santiago, Chile Telephone: (56-2) 2393 9003 [email protected] INVESTOR RELATIONS Vivien Swett Senior Vice President, Investor Relations Telephone: (56-32) 220 3296 [email protected] Founded in 1872 CSAV in 2013 Consolidated Financial Statements 2 Chairman’s statement 18 Results analysis 76 Consolidated Statement of Financial Position 4 Board of directors 22 CSAV’s services 78 Consolidated Statement of Comprehensive Income 6 Management 26 Other activities 80 Statement of Changes in Net Equity 81 Consolidated Statement of Cash Flows Activities and businesses General information
    [Show full text]
  • Banchile – Informe Final
    Banchile Asesoría Financiera S.A. 3 de noviembre de 2017 Informe al Directorio de Enel Generación Chile S.A. Proyecto Elqui Información Importante El presente documento ha sido preparado por Banchile Asesoría Financiera S.A. (“Banchile”) a solicitud del Directorio de Enel Generación Chile S.A. (el “Directorio de EGC” o el “Cliente”) para actuar como su evaluador independiente en los términos del artículo 147 de la Ley 18.046 en conexión con la reorganización corporativa propuesta (la “Transacción” o “Elqui”). Las recomendaciones y conclusiones aquí contenidas constituyen el mejor parecer u opinión de Banchile respecto de la evaluación de la Transacción al tiempo de elaboración de este documento, considerando la metodología de trabajo utilizada y la información disponible. Sin embargo, las conclusiones contenidas en el presente informe podrían variar si se dispusieran de otros antecedentes o información o se utilizaren otros criterios de valorización no considerados en el desarrollo del presente informe. Banchile no tendrá obligación alguna de comunicar dichas variaciones como así tampoco cuando las opiniones o información contenidas en el documento, o los supuestos sobre los cuales se elaboró el presente informe, se modificaren. Este informe fue preparado para ser usado exclusivamente para efectos de la Transacción y consideración de Enel Generación Chile S.A. (“EGC” o “la Compañía”) y, por tanto, debe ser utilizado exclusivamente en dicho contexto, no pudiendo ser utilizado para otro propósito sin el consentimiento previo y por escrito de Banchile. En la elaboración del informe se ha utilizado únicamente información pública e información proporcionada por la Compañía, respecto de la cual Banchile ha asumido, sin realizar una verificación independiente, su completa y total veracidad, integridad, exactitud, suficiencia, consistencia y razonabilidad.
    [Show full text]
  • The Santiago Exchange Indices Methodology Consultation
    The Santiago Exchange Indices Methodology Consultation SANTIAGO, APRIL 2, 2018: In August 2016, the Santiago Exchange (the “Exchange”) and S&P Dow Jones Indices (“S&P DJI”) signed an Index Operation and License Agreement. The Exchange’s partnership with S&P DJI, the world’s leading provider of index-based concepts, data and research, includes the adoption of international index methodology standards and the integration of operational processes and business strategies and enhances the visibility, governance, and transparency of the existing indices. The agreement also enables the development, licensing, distribution and management of current and future indices which will be designed to serve as innovative and practical tools for local and global investors. The new and existing Santiago Exchange indices will be co-branded under the “S&P/CLX” name (the “Indices”) that can be used to underlie liquid financial products, expanding the breadth and depth of the Chilean capital market. As part of this transition, S&P DJI and the Exchange are conducting a consultation with members of the investment community on potential changes to the following Santiago Exchange indices to ensure that they continue to meet their objectives and are aligned with the needs of local and international market participants. • Indice General de Precios y Acciones (“IGPA”) • IGPA Large, IGPA Mid, and IGPA Small (collectively “IGPA Size Indices”) • Indice de Precios Selectivo de Acciones (“IPSA”) IGPA The IGPA is designed to serve as a broad country benchmark of the Chilean market. Based on a review of the index’s methodology and existing data, and to ensure that the index continues to satisfy its objective, S&P DJI and the Exchange are proposing to increase the minimum bursatility presence1 required for index eligibility.
    [Show full text]
  • Deal Trends in Latin America
    Deal Trends in Latin America Essential data for strategic decisions September 2020 | Issue 12 Table of Contents Deal Activity in Latin America……………..…………..…………………………….................... 4 Deal Activity in Latin America: LTM YoY Trends by Country................................ 5 M&A Activity in Latin America: Top Deals (Announced) H1 2020........................ 6 Activity in Latin America: Sector Trends LTM YoY………………………………… 7 Deal Activity in Latin America: LTM YoY by Largest Subsector........................... 8 Deal Activity in Latin America: Cross-Border Intra-regional Deals 2020 LTM….. 9 Deal Activity in Latin America: Cross-Border Deal Count………………………… 10 Key Metrics by Country …………………….…………..….……….…………………………….. 12 Data Dispatch: Latin America……………………………………………………….................... 13 Panjiva Research: Highlighting LatAm Supply Chain Data……………………………………. 14 Behind the Data……………………………………………………………………....................... 15 2 Data color order: Complimentary colors: Footer : Never change the footer text on individual slides. Change, turn on or off Deal Trends in Latin America Editor’s Note Deal Trends in Latin America explores deal activity in Argentina, Brazil, Chile, Colombia, Ecuador, Contributors: Mexico, Panama, Peru, Uruguay, and Venezuela. This publication brought to you by S&P Global Market Intelligence. Kai Wong [email protected] Market Development For analysis contained in this report, data was collected on M&A and Private Placements in these countries Private Equity Solutions between Q3 2017 and Q2 2020.* We also examined trends in various industries, cross-border activity, S&P Global Market Intelligence currencies, and assessed macroeconomic conditions in the region. Yu Yu Li Key Highlights: [email protected] Market Development While 2019 was a strong year, deal activity has since slowed down in the region due to the global COVID-19 Private Equity Solutions pandemic.
    [Show full text]
  • Estudio Comparativo De Rentabilidad Accionaria Y Contable En Empresas Chilenas Antes Y Después De Su Emisión De Adr’S
    ESTUDIO COMPARATIVO DE RENTABILIDAD ACCIONARIA Y CONTABLE EN EMPRESAS CHILENAS ANTES Y DESPUÉS DE SU EMISIÓN DE ADR’S. Tesina presentada como requisito para optar al Grado de Licenciado en Administración. Profesores Responsables: Mónica Raddatz T. Horacio Sanhueza B. Osvaldo Rojas Q. Profesor Patrocinante : Leonardo Pacheco Caro. Presentado por Alonso Andrés Muñoz Martínez Pedro Alexis Molina Cid VALDIVIA- CHILE 2005 ÍNDICE DE MATERIAS Página. Resumen 1.- Introducción 1 2.- Marco de Referencia del Estudio 3 2.1.- Definición de ADR`s 3 Esquema general ADR 4 2.2.- Tipos de ADR`s 5 2.3.- Requisitos para optar al Sistema de ADR 6 2.4 .- Ventajas del Sistema ADR 8 2.5.- Desventajas del Sistema de ADR 9 3.- Material y Metodología de Análisis 10 3.1.- Empresas a Analizar 10 3.2.- Periodo de Análisis 10 3.3.- Variables 10 3.4.- Cálculo de Rentabilidad Bursátil 11 3.5.- Cálculo de Rentabilidad sobre el Patrimonio 12 3.6.- Tipo y Diseño de Investigación 13 4.- Presentación y Discusión de Resultados 14 4.1.- Rentabilidad accionaria 14 4.1.1.- Comportamiento de Rentabilidades Individuales 14 4.1.2.- Comportamiento de Rentabilidades Promedio 15 4.2.- Rentabilidad sobre Patrimonio 18 4.2.1.- Comportamiento Individual 18 4.2.2.- Rentabilidad sobre Patrimonio Promedio 19 5.- Conclusiones 21 6.- Bibliografía 23 7.- Anexos 24 ÍNDICE DE TABLAS Tabla N° 1 Pendiente de la Tendencia de la Rentabilidad Bursátil Individual. Tabla N° 2 Rentabilidad Promedio Bursátil de Empresas con Emisión de ADR´s. Tabla N° 3 Pendiente de la Rentabilidad sobre Patrimonio Individual.
    [Show full text]
  • Compañía Sud Americana De Vapores Sa (Csav)
    Clasificadora de Riesgo HUMPHREYS LTDA. An affiliate of MOODY´S INVESTORS SERVICE COMPAÑÍA SUD AMERICANA DE VAPORES S.A. (CSAV) Noviembre 2004 Categoría de Riesgo y Contacto1 Tipo de Instrumento Categoría Contactos Títulos Accionarios Primera Clase Nivel 2 Socio Responsable Alejandro Sierra M. Tendencia Favorable Gerente a Cargo Aldo Reyes D. Analista Margarita Andrade P. Otros Títulos: Teléfono 56-2-204 7293 Bonos A+ Fax 56-2-223 4937 Tendencia En Observación Correo Electrónico [email protected] Sitio Web www.moodyschile.cl EEFF base 30 junio 2004 Tipo de Reseña Clasificación de Acciones Número y Fecha de Inscripción de Instrumentos Bono Series A1 y A2 N° 274 de 12.10.01 Estado de Resultados Consolidados (MUS$ de cada Año) Junio Año Año Año Año Año 2004 2003 2002 2001 2000 1999 Ingresos Operacionales 1.204.482 2.135.539 1.674.948 1.735.112 1.743.761 1.079.760 Resultados Operacionales 33.818 66.531 34.691 19.094 41.104 35.862 Resultados No Operacionales 42.990 15.048 16.522 16.815 6.891 (414) Resultados Finales 71.132 72.323 36.778 26.081 43.083 30.940 Balance General Consolidado (MUS$ de cada Año) Junio Año Año Año Año Año 2004 2003 2002 2001 2000 1999 Activo Circulante 716.600 564.584 518.009 480.734 430.601 338.938 Activo Fijo 267.884 272.109 262.307 264.338 283.727 332.448 Otros Activos 454.093 441.295 299.150 310.400 368.093 206.261 Pasivo Circulante 462.892 341.866 374.784 274.831 209.728 139.465 Pasivo Largo Plazo 341.001 345.399 179.627 281.756 363.823 265.315 Interés Minoritario 20.648 22.081 22.584 16.247 26.552 13.417 Patrimonio 614.036 568.642 502.471 482.638 482.318 459.450 Total Activos/Pasivos 1.438.577 1.277.988 1.079.466 1.055.472 1.082.421 877.647 1 Moody’s Investors Service, Inc.
    [Show full text]
  • Annual Report 2020
    1 Cencosud Annual Report - 2020 Letter from the President Dear shareholders, It is an honor for me to be the interim replacement of my father, Horst Paulmann Kemna, creator and soul of Cencosud. Just like he taught us, we will keep his focus on Cencosud culture and the careful attention and care for details and the customer. Service, service, service. From a little restaurant to a transnational corporation, with more than 115,000 committed employees, following a path sometimes winding and no stranger to difficulties, but has been able to successfully face it with its passion, vision, and unique leadership. In that context, I present to you Cencosud's Integrated Annual Report and the Company's financial statements corresponding to the tax year 2020, as well as the challenges we had to face during this period. The year 2020 has been extremely complicated because from the very beginning we had to deal with the COVID- 19 pandemic, which is affecting virtually every person in the world and has resulted in significant changes in our daily lives. Some others, like remote working or e-commerce, already were on the horizon. However, the pandemic has accelerated their incorporation into society and these changes are here to stay. In this period, our focus was to look after the health and safety of our employees. I especially want to thank your efforts, dedication, and commitment. Without them we couldn't have kept the continuous operations of our business units and deliver essential goods to the communities we are in. While Chilean national economy shrank by 5.8% in 2020 -the biggest decrease since the crisis of 1982-, Chile had a better performance compared to her neighbor nations and, according to estimates, would be the first Latin American economy to recover.
    [Show full text]
  • 2006 Annual Report 189 2006 190 Annual Report 2006 Management Analysis
    Founded in 1872 Annual Report 1 6 200 2 Annual Report 6 200 AAnnual Report and Financial Statements 2006 4 Chairman’s Letter to the Shareholders 6 Board of Directors 8 Management 11 Historical Summary: A Regional Company Going Global 15 Description of the Company and the Industry Sector 19 The CSAV Group in 2006 22 CSAV Services 28 Services of Norasia Container Lines Ltd. 30 Services of Companhia Libra de Navegaçao and Compañía Libra de Navegación (Uruguay) S.A. 32 Other Activities in the Year 44 General Information 48 Material Information 51 CSAV Subsidiary Companies 65 Other Subsidiary and Associate Companies 82 Summary of Ownership of Subsidiaries 86 Investments as Proportion of Total Assets 91 Financial Statements 204 Declaration of Responsibility Annual Report 3 6 200 CChairman’s Letter to the Shareholders Dear Shareholder, I should like to comment on the Company’s business during 2006. CSAV last year produced a loss of US$58,241,000. In my letter to shareholders published in the previous AnnualAnnual Report,Report, II hadhad forecastedforecasted 2006 by saying that “it will be a very bad year from the point of view of thethe freightfreight inin thethe containership business”. I made the same forecast at the shareholders meeting held on April 19, 2006. In the letter mentioned above, I added: “The problem for containerships has already been explained to shareholdersshareholders inin thethe financial statements of September and December 2005. It is very simple: there is anan imbalanceimbalance between supply and demand in this freight market. Capacity has risen and continues toto riserise because practically all shipowners, seeing the good results and tariff increases of thethe yearsyears 2004 and most of 2005, ordered the building of new ships, many of which with largerlarger capacitycapacity than existing ones.
    [Show full text]
  • Inversionistas Chilenos En Argentina
    MINISTERIO DE RELACIONES EXTERIORES - CHILE Dirección General de Relaciones Económicas Internacionales Dirección de Asuntos Económicos Bilaterales Departamento de Inversiones en el Extranjero EMPRESAS CHILENAS CON INVERSIONES EN EL EXTERIOR, SEGUN PAGINAS WEB DE CADA EMPRESA INVERSIONISTA EMPRESAS CHILENAS CON INVERSIONES DIRECTAS EN : ARGENTINA NOMBRE EMPRESA DIRECCION PÁGINA WEB 1 AGENCIAS UNIVERSALES S.A. (AGUNSA) http://www.agunsa.com/index.php?option=com_content&task=view&id=45&Itemid=46&pais=true 2 ANASAC http://www.anasac.cl/anasac/empresa/filiales 3 AGROBERRIES http://www.agroberries.cl/company.html 4 ALUSA S.A. http://www.alusa.cl/inicio.html 5 ATENTUS S.A http://www.atentus.com/ 6 AQB S.A. http://www.aqbargentina.com.ar/historia.php 7 CELULOSA ARAUCO Y CONSTITUCION (CELCO) http://www.arauco.cl/default.asp 8 CEM (EX INDUGAS) http://www.cembrass.com.ar/esp/main.html 9 CENCOSUD S.A. http://www.cencosud.cl/unidades_easy_argentina.htm 10 CESMEC http://www.cesmec.cl/nueva/acerca/index.act 11 CHILE FILMS http://www.cinecolor.com.ar/ 12 CIA. GENERAL DE ELECTRICIDAD - CGE http://www.cge.cl/sectorelectrico/Paginas/SectorElectrico.aspx 13 CIA. SUDAMERICANA DE VAPORES http://www.csav.com/csav/abusoffices.nsf/frmfilter?OpenForm&Seq=4#a1 14 CIDEF http://www.cidef.com.ar/ 15 COLCHONES ROSEN http://www.rosenthestore.com/home.html 16 COASIN http://www.coasin.com/fileadmin/Template/img/Principal/Minternacional.swf 17 CORESA S.A. http://www.coresa.com.ar/ 18 CORPORA TRES MONTES S.A. http://www.tmluc.cl/ 19 EMBOTELLADORA ANDINA S.A. http://www.cocacola-edasa.com.ar/edasa/ 20 EMBOTELLADORA COCA-COLA POLAR S.A.
    [Show full text]
  • Columbia FDI Profiles
    Columbia FDI Profiles Country profiles of inward and outward foreign direct investment issued by the Vale Columbia Center on Sustainable International Investment March 12, 2010 Editor-in-Chief: Karl P. Sauvant Editor: Thomas Jost Managing Editors: Zehra Gulay Kavame and Ana-Maria Poveda-Garces Chile’s outward FDI and its policy context by ∗ Carlos Razo and Álvaro Calderón Despite the recent financial and economic crisis, Chile’s outward foreign direct investment (OFDI) in 2009 surpassed the record level of 2008, reflecting the strength of Chilean firms and the country’s continuous commitment to integrate into the world economy. Two decades ago, Chile was an unlikely foreign direct investor. Today, even with no explicit policies to promote outward investment or the creation of national champions, Chile stands out as the third biggest investor of Latin America in absolute terms and as the first one in proportion to its GDP, even outperforming other emerging economies of similar size in other regions of the world. Trends and developments In the middle of the 1980s, Chile underwent important market reforms that reshaped its private sector. At the time, the country ranked seventh as a foreign direct investor of Latin America and the Caribbean, based on its stock of assets held abroad. However, privatization, deregulation and trade and financial liberalization increased competition in local markets and pushed local firms to raise efficiency. The increased competitiveness of some domestic firms at the beginning of the 1990s led to the emergence of Chilean firms as global players. 1 Today, Chile is the third largest foreign direct investor of the region, only behind Brazil and Mexico.
    [Show full text]