Condensed Balance Sheet & Statement of Earnings– IFRS

CONSOLIDATED FINANCIAL STATEMENTS	2008 THUS$	2009 THUS$	2010 THUS$

ASSETS
Cash and marketable securities	183,451	251,074	541,395
Accounts receivable	329,273	166,300	174,393
Inventories & Others	257,226	193,287	293,963
TOTAL CURRENT ASSETS	769,950	610,661	1,009,751
Net property plant & equipment	383,195	433,021	444,519
Other assets	12,000	24,374	95,487
TOTAL ASSETS	1,165,145	1,068,056	1,549,757

LIABILITIES & CAPITAL ACCOUNTS
Borrowed from banks	208,271	54,639	15,038
Short-term public bonds	1,005	865	57,624
Accounts payable & accrued liabilities	131,619	137,055	224,899
TOTAL CURRENT LIABILITIES	340,895	192,559	297,561
Borrowed from banks	81,633	23,611	8,637
Long-term public bonds	158,244	270,192	324,166
Long term debt	71,914	52,877	66,996
TOTAL LONG TERM LIABILITIES	311,791	346,680	399,799
CAPITAL ACCOUNTS
Capital stock & reserves	132,182	132,182	406,662
Retained earnings	308,104	326,793	351,806
Year end net income	72,173	69,842	93,929
TOTAL CAPITAL ACCOUNTS	512,459	528,817	852,397

TOTAL LIABILITIES & CAPITAL ACCOUNTS	1,165,145	1,068,056	1,549,757

STATEMENT OF EARNINGS

(Figures in Thousands US$)

STATEMENT OF EARNINGS REVENUES	2008 THUS$	2009 THUS$	2010 THUS$
Net sales and operating revenues	2,535,369	922,192	1,298,164
GROSS EARNINGS	2,535,369	922,192	1,298,164
COST & EXPENSES
Cost of sales	-2,352,991	-776,928	-1,124,396
Selling, general expenses & other deductions	-93,626	-56,470	-58,219
Net income taxes	-16,579	-18,952	-21,620
TOTAL COSTS & EXPENSES	-2,463,196	-852,350	-1,204,235
NET EARNINGS	72,173	69,842	93,929

	2008	2009	2010
Net Earnings per Share	0.62	0.59	0.79

	2008	2009	2010
Paid Dividends per Share	0.60	0.30	0.27

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