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Vina Concha Y Toro (VCO)
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VCO » Topics » Non-Operating Result

This excerpt taken from the VCO 6-K filed Oct 29, 2007.

Non-Operating Result

Non-operating income increased to Ch$725 million (US$1.4 million) mainly due to a better result in equity income from Viña Almaviva.

Non-operating expenses decreased to Ch$1,126 million (US$2.2 million) from Ch$1,752 million (US$3.4 million) mainly due to a gain in price-level restatement, lower exchange rate differences and lower interest expenses for the period.

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Interest expenses fell by 6.6% and totaled Ch$1,138 million (US$2.2 million). As of September 30, 2007 total financial debt was Ch$95,231 million (US$186 million), representing a 10.5% decrease over the same period of 2006.

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The price-level restatement showed a gain of Ch$356 million (US$697 thousand) compared to a loss of Ch$191 million (US$374 thousand) in 3Q06.

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Exchange differences produced a loss of Ch$42 million (US$83 thousand) compared to a loss of Ch$214 million (US$418 thousand) in 3Q06.


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