1 ANNUAL REPORT 2 Commercial Offices Valparaíso San Ignacio, 348 San Ignacio La Calera, 673 Latorre Av. San Felipe, 233 Freire Valparaíso Blanco, 738 Blanco Limache, 338 Urmeneta Putaendo, 670 Sarmiento Viña Del Mar, 275 1 Norte Quintero, 2025 Normandie Llay Llay, 139 San Francisco Concón, 25420 Borgoño Av. La Ligua, 255 Uribe Los Andes, 572 Santa Rosa Quilpué, 625 Claudio Vicuña Cabildo, 748 Humeres Av. San Antonio, 2352 Ramón Barros Luco Av. Villa Alemana, 654 Santiago Petorca, 535 Silva Cartagena, 390 Cartagena Av. Casablanca, 56 General Bonilla Papudo, 176 Miraflores Algarrobo, 700 Peñablanca Av. Quillota, 452 Chacabuco Zapallar, 156 Diego Sutil Central Offices Valparaíso, Cochrane 751 ANNUAL REPORT Main Offices of Esval 3 General Management and Headquarters 751 Cochrane, Valparaíso, Chile Telephone (32) 2209000, Fax (32) 2209502 Quillota Area ANNUAL REPORT 452 Chacabuco, Quillota Telephone (33) 291700, Fax (33) 310916 Mailing address: P.O. Box 66, Quillota San Felipe - Los Andes Area 233 Freire, San Felipe Telephone (34) 494300, Fax (34) 494390 Southern Coast Area 2410 Barros Luco, San Antonio Telephone (35) 205500, Fax (35) 205520 Call Center 600 600 6060 www.esval.cl
[email protected] Annual Report 4 ANNUAL REPORT 5 ANNUAL REPORT Table of Contents Letter from the Chairman 7 Letter from the CEO 11 Company Information 14 Historical Account 17 Company’s Equity 20 Line of business and Activities 24 Board of Directors and Administration 26 Organizational chart 29 Management Report 31 Administration Report 55 Statement of Liability 67 Financial Statements 69 6 ANNUAL REPORT Letter from 7 the Chairman ANNUAL REPORT Dear Shareholders, On behalf of the Board of Directors, I am pleased to submit the 2011 Annual Report.