DOCSLIB.ORG

Report Annual

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Report Annual $118$/5(3257 WorldReginfo - b3fbd52f-650d-4252-b9f7-c7ca7dcfd54f JURZLQJQDWXUDO« WorldReginfo - b3fbd52f-650d-4252-b9f7-c7ca7dcfd54f growing natural … WorldReginfo - b3fbd52f-650d-4252-b9f7-c7ca7dcfd54f 7KH&RPSDQ\ 06 Letter from the Chairman 08 Company History 10 Board of Directors 12 Subsidiaries 6XVWDLQDELOLW\DQG(QYLURQPHQW 28 Sustainability, Community and Environment )LQDQFLDO,QIRUPDWLRQ 32 Financial Analysis 46 Ownership Structure 48 General Information )LQDQFLDO6WDWHPHQWV 66 Consolidated Financial Statements 70 Summarized Financial Statements 77 Subsidiaries 94 Related Companies 96 Overseas Representatives 101 Banks 102 General Information AnnualReport09LTWYLZHZcmpc / 03 WorldReginfo - b3fbd52f-650d-4252-b9f7-c7ca7dcfd54f While a tree grows, it rises with a unique character and with no rush. Our business follows the development and progress course. *XDtED0LOO&HOXORVH5LRJUDQGHQVH 04 WorldReginfo - b3fbd52f-650d-4252-b9f7-c7ca7dcfd54f (PSUHVDV&03&&RUSRUDWH%XLOGLQJ [OV\ZHUK DQQXDOWRQQHVRISXOSDQGWKRXVDQGDQQXDOWRQQHVRISDSHUDUHSURGXFHG E\WKHUHFXQWO\DFTXLUHGPLOOLQ*XDtED%UD]LO 7KH&RPSDQ\ AnnualReport09LTWYLZHZcmpc / 05 WorldReginfo - b3fbd52f-650d-4252-b9f7-c7ca7dcfd54f the company letter from the chairman Dear Shareholders: In 2010, CMPC turns 90 years of steady progress. were affected, resulting in net losses for over US$10 Our organization is branded by professionalism, million. excellence, innovation, austerity and our permanent Regarding the pulp business, the reactivation of betting on the future. This is the legacy, of Messer’s the world global demand was perceived stronger Luis and Arturo Matte Larraín, Jorge Alessandri, during the last quarter of the year. CMPC’s annual Ernesto Ayala and so many others. Their effort production reached 1.85 million tonnes compared and intelligence showed us the path to follow, and to 1.95 million tonnes of the previous year. This contributed to build CMPC not only in its business lower production is explained by the definite shut environment but also as a company caring for the down of Laja mill line 1 at the beginning of 2009. country’s development. Among the projects foreseen for this business is the This anniversary arrives in a special moment. The modernization of Laja Mill which for its first phase acquisition of the forestry, pulp and paper industrial will require an investment close to US$ 300 million assets related to the Guaíba unit of Aracruz, located that will enable the mill to recover its former produc- in the state of Río Grande Do Sul and the acquisition tion capacity of 370 thousand tonnes per year. This of Melhoramentos Papéis in the Tissue business, investment includes the systems and equipment to both in Brazil, constitute relevant milestones for the reduce the mill’s dependency on external power as company’s future. well as to improve its environmental performance. I 2009 was marked by the important global financial believe this project is the best tribute to Laja Mill on crisis that strongly slashed the markets. However its 50th anniversary. CMPC was able to carry out these acquisitions In Santa Fe I Mill, an environmental enhancement based on its financial position and reputation, both project is being executed involving a US$ 24 million resulting from a prudent management of its opera- investment. At Santa Fe II Mill, work is being done to tions and finances. expand its capacity to 940 thousand tonnes per year During the year, CMPC reached consolidated sales and, additionally, environmental permits are being of US$ 3,124 million, 4.5% lower than the previous processed to be able to expand such capacity in the year. On the other hand, 2009 profit reached US$ future to 1.14 million tonnes per year. 268 million, similar to the one reached in 2008. CMPC paper businesses have been less affected These figures are the result of a strong reduction in by the global growth decrease. This is due to the prices and costs in most of our products, as well as strong competitive position of these business units, the effect of the foreign exchange rate evolution and the significant specialization of applications and the its impact over the financial debt and deferred taxes. diversification of clients. The total paper production Conditions remained adverse in sawn wood markets. of this business area reached 879 thousand tones The deep depression, both in prices and volumes, during 2009. led CMPC Maderas to stop the production of all CMPC Tissue achieved a 26% growth in sale sawmills for a three week period at the beginning of volumes even though the countries where our the year and to the indefinite closure of Las Cañas operations are held showed a lower growth pace sawmill, located in Constitución. than in previous years. A great part of the growth 8.4 million m3 of wood were harvested in 2009, achieved this year is explained by the volume contri- substantially lower than 2008’s 9.9 million m3. This buted by Melhoramentos Papéis in Brazil since the decrease is mainly explained by a lower demand date of its acquisition, in June 2009. This affiliate of sawn products. During the year 26,132 hectares has two productive mills in the state of Sao Paulo, were planted on own land and other 1,277 hectares in the cities of Caieiras and Mogi das Cruzes, with under forestry development agreements. Regarding a capacity of 75,000 tonnes per year, and approxi- forestry fires, 2008-2009 season was one of the mately 10% share of the Brazilian market. In order most negatives and 6,298 hectares of plantations (OLRGRUR0DWWH/DUUDtQ&KDLUPDQ (PSUHVDV&03& 06 WorldReginfo - b3fbd52f-650d-4252-b9f7-c7ca7dcfd54f to provide an adequate local production support to multiwall paper sack plant in Guadalajara, Mexico, tion has become a moral and strategic imperative. the expected growth on sales, US$ 80 million were with a capacity of 60 million sacks per year. This mill Thus, during 2009 the foundation provided profes- approved for new projects. This includes a new started its commercial operation in January 2010. sional support to schools, focusing its training on paper machine, effluent treatment systems, and teachers, libraries, and early stimulation. Currently, In the financial field, in order to have flexibility conversion equipments. it collaborates with education in ten municipali- and to keep the capability to execute investment ties, benefiting approximately 7,000 children, 400 In Mexico, the successful start up in early 2009 of a projects in its various business areas, CMPC struc- teachers and principals, and more than 50 schools. new paper machine, added to new conversion lines tured several financing operations. In fact, in order and a variety of innovation projects applied to diaper to fund the Guaíba acquisition, CMPC issued and The educational, cultural, and recreational activities machines, provided the required support to the sales placed a US$ 500 million bond in the United States of the Jorge Alessandri Educational Park, which increase. During 2009, a purchase of a new paper of America and increased its capital in the same hosted more than 100,000 visitors in 2009, can be machine was approved, which will enable to sustain amount by issuing 20 million common stocks. In added to this task. the foreseen sales growth and our entry into the addition, two bonds were placed in Chile for 10 Contributing to a sustainable development is a Central American market. millions Unidades de fomento,(U.F.); two series of fundamental part of our way of doing businesses. commercial papers; and bank loans were obtained In Colombia, our presence in the market has gene- One of our priorities is to reduce the environmental one for US$ 250 million in Chile, and another in rated a significant competitive activity. Nonetheless, impact of our operations and to bring benefits to Brazil for US$ 150 million. important advances have been achieved with the their neighbor communities. Our Good Neigh- introduction of Elite and Babysec brands into the The celebration of our 90 years will coincide with borhood Program has made possible bringing main supermarket chains. The project involving the a period of important challenges. There is no our Company and the community closer together, installation of a paper machine and its conversion doubt that we will face them upholding our tradi- expanding social and economic development line suffered delays in its initial phase. However, we tional values and principles. In my last year’s letter, opportunities for the neighbors. expect that the start up will take place during the I expressed my confidence in CMPC capability Likewise, we started the measurement of Laja, second half of 2010. to overcome the crisis and even more to emerge Pacífico and Santa Fe mills carbon footprints, strengthened from this difficult process. Even when This set of investments will provide the competitive information that is relevant to our clients given the the adverse scenario is not yet over, the Company tools required to improve products quality, develop worldwide concern regarding the climate change. has proven its capability to adapt and to take advan- of innovations, and sustain the projected sales tage of opportunities. The challenge to integrate and I conclude by thanking our shareholders on behalf growth. It is important to mention that during 2009 meet the potential of the recently performed acquisi- of myself and of the Board of Directors that I chair CMPC Tissue consolidated itself as the second tions is huge. In order to achieve this objective, the for the trust placed in our institution. tissue producer in Latin America and 10th world- collaboration of all CMPC workers will be essen- wide, with production facilities in 8 countries and tial, maintaining a fluent, open, and constructive sales in more than 18. relationship. On this regard, I would like to reaffirm The Paper products area, which includes corrugated my recognition to our workers, union leaders, and boxes, industrial sacks and molded pulp trays, had executives for their permanent dedication and effort a good performance despite facing a scenario of to fulfill their responsibilities.
Load more

Recommended publications
  • Establishing Credibility: the Role of Foreign Advisors in Chile's 1955
    This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: The Decline of Latin American Economies: Growth, Institutions, and Crises Volume Author/Editor: Sebastian Edwards, Gerardo Esquivel and Graciela Márquez, editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-18500-1 Volume URL: http://www.nber.org/books/edwa04-1 Conference Date: December 2-4, 2004 Publication Date: July 2007 Title: Establishing Credibility: The Role of Foreign Advisors in Chile’s 1955–1958 Stabilization Program Author: Sebastian Edwards URL: http://www.nber.org/chapters/c10659 8 Establishing Credibility The Role of Foreign Advisors in Chile’s 1955–1958 Stabilization Program Sebastian Edwards 8.1 Introduction The adoption of stabilization programs is usually a painful process, both politically and economically. History is replete with instances where, even in the light of obvious and flagrant macroeconomics disequilibria, the implementation of stabilization programs is significantly delayed. Why do policymakers and/or politicians prefer to live with growing inflationary pressures and implement price and other forms of highly inefficient con- trols instead of tackling the roots of macroeconomic imbalances? Is the prolongation of inflation the consequence of mistaken views on the me- chanics of fiscal deficits and money creation, or is it the unavoidable result of the political game? Why, after months of apparent political stalemate, are stabilization programs all of a sudden adopted that closely resemble others proposed earlier? These questions are at the heart of the political economy of stabilization and inflationary finance.1 In recent years the analysis of these issues has attained new interest, as a number of authors have applied the tools of game theory to the study of macroeconomic pol- icymaking.
    [Show full text]
  • Cómo Citar El Artículo Número Completo Más Información Del
    Tzintzun. Revista de Estudios Históricos ISSN: 1870-719X ISSN: 2007-963X [email protected] Universidad Michoacana de San Nicolás de Hidalgo México Soto, Angel; Garay, Cristián Tecnocracia y apartidismo de derechas en Chile. El “relato” de Jorge Alessandri (1958-1964) Tzintzun. Revista de Estudios Históricos, núm. 68, 2018, Julio-, pp. 255-274 Universidad Michoacana de San Nicolás de Hidalgo México Disponible en: https://www.redalyc.org/articulo.oa?id=89860339009 Cómo citar el artículo Número completo Sistema de Información Científica Redalyc Más información del artículo Red de Revistas Científicas de América Latina y el Caribe, España y Portugal Página de la revista en redalyc.org Proyecto académico sin fines de lucro, desarrollado bajo la iniciativa de acceso abierto Tecnocracia y apartidismo de derechas en Chile. El “relato” de Jorge Alessandri (1958-1964) Angel Soto y Cristián Garay Resumen La tecnocracia gerencial tuvo su primera expresión en Chile en el gobierno de Jorge Alessandri Rodríguez, un liberal ecléctico. En efecto, quien gobernó entre 1958 y 1964, se caracterizó por una primera fase de su gobierno que incluyó el Gabinete de los Gerentes, obedeciendo a varias influencias de corte tecnocrático y despolitizador frente a la tradicional forma de la administración política partidista. Palabras clave: Historia de Chile, Tecnocracia, Administración del Estado, Derechas. Ángel Mauricio Soto Gamboa ∙ Universidad San Sebastián Correo electrónico: [email protected] Cristián Garay Vera . Universidad de Santiago de Chile Correo electrónico: [email protected] Tzintzun. Revista de Estudios Históricos ∙ Número 68 (julio - diciembre 2018) ISSN: 1870-719X ∙ ISSN-e: 2007-963X 255 ANGEL SOTO Y CRISTIÁN GARAY Technocracy and non-partisanship of rights in Chile.
    [Show full text]
  • Empresas Copec S.A. Consolidated Financial
    EMPRESAS COPEC S.A. CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 IFRS - International Financial Reporting Standards IAS - International Accounting Standards NIFCH - Chilean Financial Reporting Standards IFRIC - International Financial Reporting Interpretations Committee US$ - United States dollars ThUS$ - Thousands of US dollars MUS$ - Millions of US dollars MCh$ - Millions of Chilean Pesos COP$ - Colombian pesos S./ - Peruvian nuevo sol WorldReginfo - d6a34cd4-9970-4f3e-9bfb-af0f71482286 INDEPENDENT AUDITORS' REPORT Santiago, March 8, 2019 Dear Shareholders and Directors Empresas Copec S.A. We have audited the accompanying consolidated financial statements of Empresas Copec S.A. and affiliates, which comprise a consolidated statement of financial position as of December 31, 2018 and 2017, the corresponding consolidated statements of income by function, consolidated comprehensive income, consolidated changes in equity and consolidated cash flow for the years ending on these dates, and the corresponding notes to the consolidated financial statements. Management's responsibility for the consolidated financial statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). This responsibility includes the design, implementation and maintenance of relevant internal controls for the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether
    [Show full text]
  • Banco Santander Chile Form 20-F 2008
    2008 Banco Santander Chile Form 20-F 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) " REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2008 OR " TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-14554 BANCO SANTANDER-CHILE (d/b/a Santander, Banco Santander, Banco Santander Santiago, and Santander Santiago) (Exact name of Registrant as specified in its charter) SANTANDER-CHILE BANK (d/b/a Santander, Banco Santander, Santander Santiago Bank, and Santander Santiago) (Translation of Registrant’s name into English) Chile (Jurisdiction of incorporation) Bandera 140 Santiago, Chile Telephone: 011-562 320-2000 (Address of principal executive offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares (“ADS”), each representing the right to receive 1,039 Shares of New York Stock Exchange Common Stock without par value Shares of Common Stock, without par value* New York Stock Exchange * Santander-Chile’s shares of common stock are not listed for trading, but only in connection with the registration of the American Depositary Shares pursuant to the requirements of the New York Stock Exchange. Securities registered or to be registered pursuant to Section 12(g) of the Act: None (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: 7.375% Subordinated Notes due 2012 The number of outstanding shares of each class of common stock of Banco Santander-Chile at December 31, 2008, was: 188,446,126,794 Shares of Common Stock, without par value Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Power, Coercion, Legitimacy and the Press in Pinochet's Chile a Dissertation Presented to the Faculty Of
    Writing the Opposition: Power, Coercion, Legitimacy and the Press in Pinochet's Chile A dissertation presented to the faculty of the College of Arts and Sciences of Ohio University In partial fulfillment of the requirements for the degree Doctor of Philosophy Brad T. Eidahl December 2017 © 2017 Brad T. Eidahl. All Rights Reserved. 2 This dissertation titled Writing the Opposition: Power, Coercion, Legitimacy and the Press in Pinochet's Chile by BRAD T. EIDAHL has been approved for the Department of History and the College of Arts and Sciences by Patrick M. Barr-Melej Professor of History Robert Frank Dean, College of Arts and Sciences 3 ABSTRACT EIDAHL, BRAD T., Ph.D., December 2017, History Writing the Opposition: Power, Coercion, Legitimacy and the Press in Pinochet's Chile Director of Dissertation: Patrick M. Barr-Melej This dissertation examines the struggle between Chile’s opposition press and the dictatorial regime of Augusto Pinochet Ugarte (1973-1990). It argues that due to Chile’s tradition of a pluralistic press and other factors, and in bids to strengthen the regime’s legitimacy, Pinochet and his top officials periodically demonstrated considerable flexibility in terms of the opposition media’s ability to publish and distribute its products. However, the regime, when sensing that its grip on power was slipping, reverted to repressive measures in its dealings with opposition-media outlets. Meanwhile, opposition journalists challenged the very legitimacy Pinochet sought and further widened the scope of acceptable opposition under difficult circumstances. Ultimately, such resistance contributed to Pinochet’s defeat in the 1988 plebiscite, initiating the return of democracy.
    [Show full text]
  • Capital Increase Presentation
    Enel Américas Capital Increase February 27th, 2019 Table of Contents Our Track Record Transaction Rationale Transaction Structure Closing Remarks 2 Our Track Record 3 Proposed Equity Capital Increase Facilitates Pursuit of Proven Growth Strategy Formation of Successful Up to US$ 3.5 Bn Continued the Largest Delivery of Capital Increase Growth Private Utility Growth and Capital Structure Strategy & Company in Shareholder Optimization to Consolidation LatAm Value Unlock Growth Created Americas- Organic Facilitates execution of Minority investors buyout focused growth vehicle growth strategy with leading market Captured efficiencies Privatization and position Cash flow optimization consolidation Expanded Free Market Unlocked efficiencies and Enel X segments Credit enhancement Enel X expansion Simplified structure Inorganic Higher market capitalization, float and Reduced leakage Acquired Enel Dx São liquidity Paulo and Enel Dx Goiás evidencing strong value creation capabilities 4 Our Track Record Sustainability, Growth, Efficiencies and Value Creation 2016 2018 I&N(3) End users MM 14.1 24.5 EBITDA US$ Bn 2.4 3.4 Growth Net Income US$ Bn 1.0 1.7 CAPEX US$ Bn 1.2 1.7 Group simplification Number of companies 43 32(4) Opex reduction Cumulated efficiencies(1,5) US$ MM ~ 130 ~ 420 Shareholder return Total Dividends US$ Bn 0.3 0.5 Value creation People benefited(1) MM (cumulated) 1.4 2.7 Sustainability commitment Index Member Number of indexes 0 4(2) Notes: 3. Infrastructure & Networks 5 1. Base year 2015 4. Not including acquired
    [Show full text]
  • Emerging Index - QSR
    2 FTSE Russell Publications 19 August 2021 FTSE RAFI Emerging Index - QSR Indicative Index Weight Data as at Closing on 30 June 2021 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) Absa Group Limited 0.29 SOUTH BRF S.A. 0.21 BRAZIL China Taiping Insurance Holdings (Red 0.16 CHINA AFRICA BTG Pactual Participations UNT11 0.09 BRAZIL Chip) Acer 0.07 TAIWAN BYD (A) (SC SZ) 0.03 CHINA China Tower (H) 0.17 CHINA Adaro Energy PT 0.04 INDONESIA BYD (H) 0.12 CHINA China Vanke (A) (SC SZ) 0.09 CHINA ADVANCED INFO SERVICE 0.16 THAILAND Canadian Solar (N Shares) 0.08 CHINA China Vanke (H) 0.2 CHINA Aeroflot Russian Airlines 0.09 RUSSIA Capitec Bank Hldgs Ltd 0.05 SOUTH Chongqing Rural Commercial Bank (A) (SC 0.01 CHINA Agile Group Holdings (P Chip) 0.04 CHINA AFRICA SH) Agricultural Bank of China (A) (SC SH) 0.27 CHINA Catcher Technology 0.2 TAIWAN Chongqing Rural Commercial Bank (H) 0.04 CHINA Agricultural Bank of China (H) 0.66 CHINA Cathay Financial Holding 0.29 TAIWAN Chunghwa Telecom 0.32 TAIWAN Air China (A) (SC SH) 0.02 CHINA CCR SA 0.14 BRAZIL Cia Paranaense de Energia 0.01 BRAZIL Air China (H) 0.06 CHINA Cemex Sa Cpo Line 0.7 MEXICO Cia Paranaense de Energia (B) 0.07 BRAZIL Airports of Thailand 0.04 THAILAND Cemig ON 0.03 BRAZIL Cielo SA 0.13 BRAZIL Akbank 0.18 TURKEY Cemig PN 0.18 BRAZIL CIFI Holdings (Group) (P Chip) 0.03 CHINA Al Rajhi Banking & Investment Corp 0.52 SAUDI Cencosud 0.04 CHILE CIMB Group Holdings 0.11 MALAYSIA ARABIA Centrais Eletricas Brasileiras S.A.
    [Show full text]
  • The United States, Eduardo Frei's Revolution in Liberty and The
    The Gathering Storm: The United States, Eduardo Frei's Revolution in Liberty and the Polarization of Chilean Politics, 1964-1970 A dissertation presented to the faculty of the College of Arts and Sciences of Ohio University In partial fulfillment of the requirements for the degree Doctor of Philosophy Sebastian Hurtado-Torres December 2016 © 2016 Sebastian Hurtado-Torres. All Rights Reserved. 2 This dissertation titled The Gathering Storm: The United States, Eduardo Frei's Revolution in Liberty, and the Polarization of Chilean Politics, 1964-1970 by SEBASTIAN HURTADO-TORRES has been approved for the Department of History and the College of Arts and Sciences by Patrick Barr-Melej Associate Professor of History Robert Frank Dean, College of Arts and Sciences 3 ABSTRACT HURTADO-TORRES, SEBASTIAN, Ph.D., December 2016, History The Gathering Storm: The United States, Eduardo Frei’s Revolution in Liberty, and the Polarization of Chilean Politics, 1964-1970 Director of Dissertation: Patrick Barr-Melej This dissertation explores the involvement of the United States in Chilean politics between the presidential campaign of 1964 and Salvador Allende’s accession to the presidency in 1970. The main argument of this work is that the partnership between the Christian Democratic Party of Chile (PDC) and the United States in this period played a significant role in shaping Chilean politics and thus contributed to its growing polarization. The alliance between the PDC and the United States was based as much on their common views on communism as on their shared ideas about modernization and economic development. Furthermore, the U.S. Embassy in Santiago, headed by men strongly committed to the success of the Christian Democratic project, involved itself heavily in the inner workings of Chilean politics as an informal actor, unable to dictate terms but capable of exerting influence on local actors whose interests converged with those of the United States.
    [Show full text]
  • Annual Report 2017
    Annual Report Enel Chile 2017 Santiago Stock Exchange ENELCHILE Nueva York Stock Exchange ENIC Enel Chile S.A. was initially incorporated as Enersis Chile S.A., on March 1, 2016. On October 18, of the same year, the company changed its name to Enel Chile S.A. As of December 31, 2017 the company´s total subscribed and paid capital amounted to Ch$ 4,120,836,253 represented by 49,092,772,762 shares. These shares are traded on the Santiago Stock Exchange and, as American Depository Receipts (ADR) on the New York Stock Exchange. The company’s business is to exploit, develop, operate, generate, distribute, transform and/or sell energy, in any form and nature, directly or through other companies. Total assets as of December 31, 2017, amounted to ThCh $5,694,773,008 . Enel Chile controls and manages a group of companies that operate in the Chilean electricity market. In 2017, net income attributable to the controlling shareholder reached ThCh$ 349,382,642 and operating income was ThCh $578,630,574 . At year end 2017, a total 1,948 people were directly employed by its subsidiaries in Chile. Annual Report Enel Chile 2017 2 Annual Report Enel Chile 2017 Contents > Letter from the Chairman ....................................................................4 > Open Power ........................................................................................8 > Highlights 2017 ................................................................................10 > Main financial and operating data .....................................................14
    [Show full text]
  • Enel Chile Annual Report 2018
    Annual Report Enel Chile 2018 Santiago Stock Exchange ENELCHILE New York Stock Exchange ENIC Enel Chile S.A. was initially incorporated as Enersis Chile S.A., on March 1, 2016. On October 18, of the same year, the company changed its name to Enel Chile S.A. As of December 31, 2018 the company´s total subscribed and paid capital amounted to Ch$ 3,954,491,478,786 represented by 70,134,077,818 ¹ shares. These shares are traded on the Santiago Stock Exchange and, as American Depository Receipts (ADR) on the New York Stock Exchange. The company's business is to exploit, develop, operate, generate, distribute, transform and/or sell energy, in any form and nature, directly or through other companies. Total assets as of December 31, 2018, amounted to ThCh$ 7,488,020,164. Enel Chile controls and manages a group of companies that operate in the Chilean electricity market. In 2018, net income attributable to the con- trolling shareholder reached ThCh$ 361,709,937 and operating income was ThCh$ 670,604,721. At year end 2018, a total 2,062 people were directly employed by its subsidiaries in Chile. (¹) : Total shares consider 967,520,599 shares of treasury stock generated by the process of withdrawal right carried out during the Elqui project. Annual Report Enel Chile 2018 2 Annual Report Enel Chile 2018 Content > Letter from the Chairman ......................................................................................................... 4 > Open Power ............................................................................................................................
    [Show full text]
  • Banco Santander Chile Santander Chile Bank (Translation of Registrant’S Name Into English)
    FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Commission File Number: 001-14554 Banco Santander Chile Santander Chile Bank (Translation of Registrant’s Name into English) Bandera 140 Santiago, Chile (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒ Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes ☐ No ☒ If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BANCO SANTANDER-CHILE By: /s/ Cristian Florence Name: Cristian Florence Title: General Counsel Date: February 6, 2017 Exhibit 99.1 MINUTES OF THE TWENTY SECOND EXTRAORDINARY SHAREHOLDERS MEETING OF BANCO SANTANDER – CHILE JANUARY 9, 2017 An Extraordinary Shareholders Meeting of Banco Santander – Chile convened in Santiago on January 9, 2017 at 5:00 pm, at Calle Bandera No.
    [Show full text]
  • 2007 Latin American Leasing Industry
    THE ALTA GROUP LAR 100 - 2007 LATIN AMERICAN LEASING INDUSTRY REPORTS EXTRAORDINARY GROWTH Industry grew more than 81% in US dollars and 71% in real terms in 2007. This figure is more than 12 times higher than the region’s GDP growth. INTRODUCTION The Alta Group, the top consulting firm specializing in leasing and capital goods based financing industries, submits for the fourth consecutive year its ranking of the 100 largest leasing companies in Latin America. The purpose of this publication is to generate useful information for the sustainable growth of the leasing industry and its corresponding contribution to the economic development of Latin American economies. As in the previous reports, this one is based on data available from regulatory agencies, central banks, and voluntarily disclosed information by several individual leasing companies and national leasing associations. Though there are some limitations where data could not be obtained, the information presented herein is the result of a robust data compilation. The Alta Group keeps a more comprehensive and detailed database about leasing industry players in the region that is available for sale. We anticipate that in the future, additional information will become available, such as new originations by year and by country, and delinquency data. We continue to refine our analytical tools, and the quality of information available improves every year. CURRENT STATUS The extraordinary growth of the leasing industry in Latin America is a very encouraging indicator about the good performance of economies in the region. It is clear that whenever equipment leasing grows in a country, fixed capital investment also grows, thus fueling the expansion of wealth.
    [Show full text]