AMERICA

DEL SUR
CHILE
2013

NET WORKING CAPITAL - Thousands USD

December

Non-Trade Receivables

Advances
Suppliers/Contractors

Inventories

Trade Receivables

Sales in Excess

Prepaid exp/accrued
income

Trade Payables

Invoices To Come

Advances from
Customers

Billings in excess of sales -

Accrued exp/def inc-
current

Non-trade payables

NET WORKING CAPITAL =

1212

0113

0213

0313

0413

0513

0613

0713

0813

0913

1013

1113

1213

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

MONTH

5%

8%

6%

6%

4%

6%

6%

3%

4%

4%

5%

6%

6%

23

28

21

26

17

20

19

10

12

13

15

19

19

12%

9%

11%

10%

8%

15%

18%

18%

18%

18%

18%

18%

18%

59

1%

11%

51

23%

113

0%

30

2%

14%

47

42%

140

0%

42

2%

12%

45

26%

95

1%

41

1%

11%

46

35%

142

1%

36

1%

11%

48

23%

97

0%

46

2%

14%

45

48%

152

1%

55

2%

15%

46

34%

103

1%

55

3%

10

12%

38

50%

151

1%

55

2%

11%

34

28%

85

1%

55

2%

13%

40

50%

151

1%

55

2%

13%

40

32%

97

1%

55

4%

12

11%

34

29%

90

1%

2%

11%
21%

65

-0

9%

13%

17%

14%

11%

24%

14%

15%

17%

20%

11%

13%

15%

-44

-45

-63

-56

-48

-76

-43

-45

-52

-60

-35

-41

-45

0%

4%

4%

2%

4%

5%

6%

6%

6%

6%

6%

6%

6%

37%

50%

40%

-9

36%

-17

34%

-14

46%

-17

52%

-17

52%

-17

58%

-17

52%

-17

43%

-17

52%

-17

64%

-180

-167

-148

-143

-147

-146

-158

-158

-178

-158

-132

-158

-197

8%

10%

8%

9%

14%

20%

21%

21%

21%

21%

21%

21%

21%

-37

-32

-31

-37

-59

-61

-65

-65

-65

-65

-65

-65

-65

1%

1%

1%

1%

1%

1%

2%

2%

2%

2%

2%

2%

2%

-5

5%

-4

5%

-4

4%

-5

5%

-4

8%

-4

7%

-5

6%

-5

6%

-5

6%

-5

6%

-5

6%

-5

6%

200

-14

-18

-37

-22

-19

-19

-19

-19

-19

-19

-19

-8%

-8%

-16%

-2%

-25%

-17%

-24%

-14%

-46%

-18%

-18%

-30%

-54%

-37

-26

-60

-7

-108

-54

-74

-42

-140

-54

-56

-92

-164

Revenues lst 12m.

481,7

335,5

369,4

401,0

430,7

314,4

305,8

305,8

305,8

305,8

305,8

305,8

305,8

CoGS lst 12m.

-271,1

-280,0

-304,4

-337,5

-361,7

-265,9

-259,7

-259,7

-259,7

-259,7

-259,7

-259,7

-259,7

100

DSO

39

51

44

42

41

52

55

45

41

48

48

41

42

DPO

59

59

76

61

48

104

60

63

73

84

49

58

63

DIH

161

191

123

158

104

216

155

227

129

223

146

143

101

60,0%

3
140

152

142
95

47

45

46

59

7
30

8
42

4
41

23

28

21

26

-12

-13

-167

-148

151

-9

48

45
5

46
7

46

55

17
0

20

19

-17

-17

-400

-32
-4
-18

-31
-4
-14

Non-trade receivables
Trade receivables
Trade payables
Billings in excess of sales

90

34
12

35
7

34
7

40
7

55

55

55

55

55

10

12

13

15

19

19

-17

-17

-17

-17

-17

-17

-158

-158

-178

40,0%

20,0%

0,0%

-20,0%
-132

-147

4
65

55

-146

-37
-5
-18

97

10

38

-158

-200
-37
-5
-24

40
7

-14
-143

4
151

85

6
36

-100
-180

103

97

51

-2

-300

TETRA GLOBAL INTELLIGENCE

113

6%

-18

4
4

-5

-24

1%

-13

80,0%

300

35

-12

100,0%

55

-2

NET WORKING CAPITAL - DECEMBER 2013

400

MUSD

Month / Year

-158
-197

-40,0%

-65
-59
-4
-37

-61
-4
-22

-65

-65

-5
-19

-5
-19

-65
-5
-19

Advances to suppl/contractors
Sales in excess of invoicing
Invoices to Come
Accrued exp/def inc-current

-65
-5
-19

-5
-19

-60,0%

-65
-5
-19

-65
-5
-19

Inventories
Prepaid exp/accrued income
Advances from customers
Non-trade payables

-80,0%

-100,0%