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EstadosFinancieros soboce jjjj

EstadosFinancieros soboce jjjj

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ESTADOS

FINANCIERO
S
ffd8ffe00010
4a4649460001
020100c800c8
0000ffe20c584
943435f50524
f46494c45000
10100000c484
c696e6f02100
0006d6e74725
247422058595
a2007ce00020
009000600310
000616373704
d53465400000
000494543207
352474200000
000000000000
00000000000f
6d6000100000
000d32d48502
020000000000
000000000000
000000000000
000000000000
000000000000
000000000000
000000000000
000000000000
011637072740
000015000000
SOCIEDAD BOLIVIANA DE CEMENTO SA
E!"ad#! F$%a%c$e&#! a' 31 de (a&)# de 2010
* 2009
CONTENIDO
D$c"a(e% de '#! a+d$"#&e!
$%de,e%d$e%"e! Ba'a%ce -e%e&a'
E!"ad# de -a%a%c$a! * ,.&d$da!
E!"ad# de e/#'+c$0% de'
,a"&$(#%$# %e"# E!"ad# de f'+1#
de efec"$/# N#"a! a '#! e!"ad#!
f$%a%c$e&#!
B! 2 3#'$/$a%# 4S5 2 d0'a&
e!"ad#+%$de%!e 4FV 2 +%$dad
de f#(e%"# a 'a /$/$e%da
Me(#&$a F$%a%c$e&a
2009
Ca&"a de' S6%d$c#
ffd8ffe000104a46494600010201009600
960000ffe20c584943435f50524f46494c45
00010100000c484c696e6f021000006d6e
74725247422058595a2007ce0002000900
0600310000616373704d53465400000000
4945432073524742000000000000000000
0000000000f6d6000100000000d32d4850
2020000000000000000000000000000000
0000000000000000000000000000000000
0000000000000000000000000000001163
7072740000015000000033646573630000
01840000006c77747074000001f0000000
146263707400000204000000147258595a
00000218000000146758595a0000022c00
0000146258595a0000024000000014646d
6e640000025400000070646d6464000002
c400000088767565640000034c00000086
76696577000003d4000000246c756d6900
0003f8000000146d6561730000040c0000
002474656368000004300000000c725452
430000043c0000080c675452430000043c
0000080c625452430000043c0000080c74
65787400000000436f7079726967687420
2863292031393938204865776c6574742d
5061636361726420436f6d70616e790000
6465736300000000000000127352474220
49454336313936362d322e310000000000
0000000000001273524742204945433631
3936362d322e3100000000000000000000
0000000000000000000000000000000000
ffd8ff
e0001
04a46
49460
00102
0100c
800c8
0000ff
e20c5
84943
435f5
0524f
46494
c4500
01010
0000c
484c6
96e6f
02100
0006d
6e747
25247
42205
8595a
2007c
e0002
00090
00600
31000
06163
73704
d5346
54000
00000
49454
32073
52474
20000
00000
00000
00000
00000
0000f
6d600
01000
00000
d32d4
85020
20000
00000
00000
00000
00000
00000
00000
00000
00000
00000
00000
Me(#&$a F$%a%c$e&a
2009
Ca&"a de' S6%d$c#
ffd8ffe000104a464946000102010096009
60000ffe20c584943435f50524f46494c450
0010100000c484c696e6f021000006d6e74
725247422058595a2007ce0002000900060
0310000616373704d53465400000000494
5432073524742000000000000000000000
0000000f6d6000100000000d32d48502020
0000000000000000000000000000000000
0000000000000000000000000000000000
0000000000000000000000000011637072
7400000150000000336465736300000184
0000006c77747074000001f000000014626
3707400000204000000147258595a00000
218000000146758595a0000022c00000014
6258595a0000024000000014646d6e6400
00025400000070646d6464000002c400000
088767565640000034c0000008676696577
000003d4000000246c756d69000003f8000
000146d6561730000040c00000024746563
68000004300000000c725452430000043c0
000080c675452430000043c0000080c6254
52430000043c0000080c746578740000000
0436f707972696768742028632920313939
38204865776c6574742d506163636172642
0436f6d70616e7900006465736300000000
0000001273524742204945433631393636
2d322e3100000000000000000000001273
5247422049454336313936362d322e3100
0000000000000000000000000000000000
000000000000000000
ffd8ffe000104a46494600010201009700970000ffe20c584943435f50524f46494c
4500010100000c484c696e6f021000006d6e74725247422058595a2007ce000200
09000600310000616373704d53465400000000494543207352474200000000000
00000000000000000f6d6000100000000d32d4850202000000000000000000000
00000000000000000000000000000000000000000000000000000000000000000
0000000001163707274000001500000003364657363000001840000006c777470
74000001f0000000146263707400000204000000147258595a000002180000001
46758595a0000022c000000146258595a0000024000000014646d6e6400000254
00000070646d6464000002c400000088767565640000034c00000086766965770
00003d4000000246c756d69000003f8000000146d6561730000040c00000024746
56368000004300000000c725452430000043c0000080c675452430000043c0000
080c625452430000043c0000080c7465787400000000436f707972696768742028
63292031393938204865776c6574742d5061636361726420436f6d70616e790000
646573630000000000000012735247422049454336313936362d322e310000000
00000000000000012735247422049454336313936362d322e3100000000000000
0000000000000000000000000000000000000000
DICTAMEN DE LOS AUDITORES INDEPENDIENTES
27 de (a*# de 2010
A '#! !e7#&e! Acc$#%$!"a!
de S#c$edad B#'$/$a%a de
Ce(e%"# SA La 8a)
9e(#! e:a($%ad# '#! 3a'a%ce! -e%e&a'e! de S#c$edad B#'$/$a%a de Ce(e%"# SA a' 31
de (a&)# de 2010 * 2009 * '#! c#&&e!,#%d$e%"e! e!"ad#! de -a%a%c$a! * ,.&d$da!; de
e/#'+c$0% de' ,a"&$(#%$# %e"# * de f'+1# de efec"$/# ,#& '#! e1e&c$c$#! "e&($%ad#! e% e!a!
fec<a!; * 'a! %#"a! 1 a 23 =+e !e ac#(,a7a% E!"#! e!"ad#! f$%a%c$e&#! !#%
&e!,#%!a3$'$dad de 'a -e&e%c$a de 'a S#c$edad N+e!"&a &e!,#%!a3$'$dad e! e:,&e!a& +%a
#,$%$0% !#3&e e!"#! e!"ad#! f$%a%c$e&#! 3a!ad#! e% %+e!"&a a+d$"#&6a
Efec"+a(#! %+e!"&#! e:>(e%e! de ac+e&d# c#% %#&(a! de a+d$"#&6a -e%e&a'(e%"e
ace,"ada! e% B#'$/$a E!a! %#&(a! &e=+$e&e% =+e ,'a%$f$=+e(#! * e1ec+"e(#! 'a a+d$"#&6a
,a&a #3"e%e& &a)#%a3'e !e-+&$dad &e!,ec"# a !$ '#! e!"ad#! f$%a%c$e&#! e!">% '$3&e! de
,&e!e%"ac$#%e! $%c#&&ec"a! !$-%$f$ca"$/a! 4%a a+d$"#&6a $%c'+*e e:a($%a&; !#3&e +%a 3a!e
de ,&+e3a!; e/$de%c$a! =+e !+!"e%"e% '#! $(,#&"e! * &e/e'ac$#%e! e% '#! e!"ad#!
f$%a%c$e&#! 4%a a+d$"#&6a "a(3$.% $%c'+*e e/a'+a& '#! ,&$%c$,$#! de c#%"a3$'$dad
+"$'$)ad#! * 'a! e!"$(ac$#%e! !$-%$f$ca"$/a! <ec<a! ,#& 'a -e&e%c$a; a!6 c#(# "a(3$.%
e/a'+a& 'a ,&e!e%"ac$0% de '#! e!"ad#! f$%a%c$e&#! e% !+ c#%1+%"# C#%!$de&a(#! =+e
%+e!"&#! e:>(e%e! ,&#,#&c$#%a% +%a 3a!e &a)#%a3'e ,a&a %+e!"&a #,$%$0% E% %+e!"&a #,$%$0%; '#! e!"ad#! f$%a%c$e&#! a%"e! (e%c$#%ad#! ,&e!e%"a%
&a)#%a3'e(e%"e; e% "#d# a!,ec"# !$-%$f$ca"$/#; 'a !$"+ac$0% ,a"&$(#%$a' * f$%a%c$e&a de
S#c$edad B#'$/$a%a de Ce(e%"# SA a' 31 de (a&)# de 2010 * 2009; '#! &e!+'"ad#! de
!+! #,e&ac$#%e!; 'a e/#'+c$0% de !+ ,a"&$(#%$# %e"# * !+! f'+1#! de efec"$/# ,#& '#!
e1e&c$c$#! "e&($%ad#! e% e!a! fec<a!; de ac+e&d# c#% ,&$%c$,$#! de c#%"a3$'$dad
-e%e&a'(e%"e ace,"ad#! e% B#'$/$a Ta' c#(# !e $%d$ca e% 'a N#"a 8 a '#! e!"ad#! f$%a%c$e&#!; e!"#! <a% !$d# ,&e,a&ad#! ,a&a
da& c+(,'$($e%"# a 'a! d$!,#!$c$#%e! 'e-a'e! a 'a! =+e e!"> !+1e"a 'a S#c$edad c#(# e%"e
$%de,e%d$e%"e ?,&e!e%"ac$0% a%"e 'a @+%"a Ae%e&a' O&d$%a&$a de Acc$#%$!"a!; 'a F+%dac$0%
,a&a e' De!a&&#''# E(,&e!a&$a' * e' Se&/$c$# de I(,+e!"#! Nac$#%a'e!B 8#& '# "a%"#; %#
$%c'+*e% 'a c#%!#'$dac$0% de '#! e!"ad#! f$%a%c$e&#! de a=+e''a! e(,&e!a! !+3!$d$a&$a! de
'a S#c$edad; c#% 'a! c+a'e! c#&&e!,#%de&6a c#%!#'$da& D$c<a! $%/e&!$#%e! !e ,&e!e%"a%
/a'+ada! a !+ /a'#& ,a"&$(#%$a' ,&#,#&c$#%a'
PricewaterhouseCoopers
S.R.L.
ffd8ffe000104a46494600010201
009600960000ffe20c584943435f5
0524f46494c4500010100000c484
c696e6f021000006d6e747252474
22058595a2007ce0002000900060
0310000616373704d5346540000
000049454320735247420000000
000000000000000000000f6d6000
100000000d32d48502020000000
000000000000000000000000000
000000000000000000000000000
000000000000000000000000000
000000011637072740000015000
000033646573630000018400000
06c77747074000001f0000000146
263707400000204000000147258
595a00000218000000146758595
a0000022c000000146258595a000
0024000000014646d6e64000002
5400000070646d6464000002c400
000088767565640000034c000000
8676696577000003d4000000246c
756d69000003f8000000146d6561
730000040c000000247465636800
0004300000000c72545243000004
3c0000080c675452430000043c00
00080c625452430000043c000008
0c7465787400000000436f707972
696768742028632920313939382
04865776c6574742d50616363617
26420436f6d70616e79000064657
363000000000000001273524742
2049454336313936362d322e310
000000000000000000000127352
47422049454336313936362d322
e31000000000000000000000000
000000000000000000000000000
000CCCC?S#c$#B
MAT 8ROF ND CA4BE
3808 MAT 8ROF ND
CA4L8E1870
N#"a
2010 B!
2009 ?Ree:,&e!ad#B B!
N#"a
2010 B!
2009 ?Ree:,&e!ad#B B!
ACTIVO ACTIVO CORRIENTE D$!,#%$3$'$dade! I%/e&!$#%e! "e(,#&a&$a! C+e%"a! ,#& c#3&a& c#(e&c$a'e! O"&a! c+e%"a! ,#& c#3&a& I%/e%"a&$#! Aa!"#! ,a-ad#! ,#& a%"$c$,ad#
3 4 5 6 7
33;440;144 153;184;239 33;035;539 24;942;761 119;840;367 68;785;300 433;228;350
19;994;436 150;276;870 31;723;517 42;806;078 85;498;321 57;114;965 387;414;187
PASIVO PASIVO CORRIENTE De+da! c#(e&c$a'e! De+da! 3a%ca&$a! * f$%a%c$e&a! I(,+e!"#! ,#& ,a-a& De+da! !#c$a'e! * #"&a! de+da! PASIVO NO CORRIENTE De+da! 3a%ca&$a! * f$%a%c$e&a! 8&e/$!$F% ,a&a $%de(%$)ac$#%e!
12 13 13
102;700;095 60;902;632 67;517;866 13;085;219 244;205;812 631;322;797 38;541;385
103;253;954 89;316;285 69;627;934 10;809;886 273;008;059 531;948;556 34;533;848
669;864;182
566;482;404
ACTIVO NO CORRIENTE
T#"a' de' ,a!$/#
914;069;994
839;490;463
C+e%"a! ,#& c#3&a& c#(e&c$a'e! O"&a! c+e%"a! ,#& c#3&a& I%/e&!$#%e! ,e&(a%e%"e! Ac"$/#! ,a&a 'a /e%"a Ac"$/#! f$1#! Ca&-#! d$fe&$d#! Va'#& ''a/e
4 5 8 11 9 10
618;511 29;109;814 323;915;153 11;971;080 1;134;607;064 8;818;994 66;496;813
631;328 57;984;395 288;479;295 13;100;670 991;750;500 13;134;240 74;533;001
PATRIMONIO NETO Ca,$"a' ,a-ad# A,#&"e! ,#& Ca,$"a'$)a& Re!e&/a! Re!+'"ad#! ac+(+'ad#!
17 18
196;614;600 1;058;010 368;149;497 528;873;678
196;614;600 1;058;010 357;715;348 432;149;195
1;575;537;429
1;439;613;429
T#"a' de' ,a"&$(#%$# %e"#
1;094;695;785
987;537;153
T#"a' de' ac"$/#
2;008;765;779
1;827;027;616
T#"a' ,a!$/# * ,a"&$(#%$# %e"#
2;008;765;779
1;827;027;616
La! %#"a! 1 a 23 =+e !e ac#(,aFa% f#&(a% ,a&"e $%"e-&a%"e de e!"e e!"ad#
BALANCE AENERAL AL 31 DE MARGO DE 2010 H
2009
N#"a
2010 B!
2009 ?Ree:,&e!ad#B B!
Ve%"a! Ne"a! C#!"# de /e%"a!
1;009;267;041 ?548;263;438B
859;468;027 ?492;184;874B
Aa%a%c$a 3&+"a
461;003;603
367;283;153
Aa!"#!I De ad($%$!"&ac$F% De c#(e&c$a'$)ac$F%
?125;243;880B ?161;938;136B
?98;705;282B ?138;693;842B
Aa%a%c$a #,e&a"$/a
173;821;587
129;884;029
O"&a! Aa%a%c$a! ?8F&d$da!B I
Aa!"#! f$%a%c$e&#! I%-&e!#! f$%a%c$e&#! Re%d$($e%"# de $%/e&!$#%e! O"&a! -a%a%c$a! * ?,F&d$da!B %e"a! D$fe&e%c$a de ca(3$# A1+!"e ,#& $%f'ac$F% * "e%e%c$a de 3$e%e!
14
?52;675;109B 4;930;411 51;178;357 3;575;290 ?513;398B 9;204;690
?53;708;924B 4;606;514 40;708;190 3;733;432 30;264;839 77;105;015
Re!+'"ad# a%"e! de' $(,+e!"# a 'a! +"$'$dade!
189;521;828
232;593;095
I(,+e!"# a 'a! +"$'$dade! de 'a! e(,&e!a!
21
?11;058;676B
?21;734;666B
Aa%a%c$a %e"a de' e1e&c$c$#
178;463;152
210;858;429
La! %#"a! 1 a 23 =+e !e ac#(,aFa% f#&(a% ,a&"e $%"e-&a%"e de e!"e e!"ad#
Ca,$"a' 8a-ad# B!
A,#&"e! ,#& Ca,$"a'$)a& B!
A1+!"e de ca,$"a' B!
Le-a' B!
Re/a'#&$)ac$F% "Fc%$ca de ac"$/#! f$1#! B!
A1+!"e -'#3a' de' ,a"&$(#%$# %e"# B!
8&$(a de e($!$F% B!
A1+!"e de &e!e&/a! B!
T#"a' Re!e&/a! B!
Re!+'"ad#! Ac+(+'ad#! B!
T#"a' B!
Sa'd#! a' 31 de (a&)# de 2008
196;614;600
1;058;010
50;994;397
23;461;904 27;226;549
138;615;174
44;055;838
66;032;309
350;386;171
283;579;116
831;637;897
C#%!"$"+c$F% de &e!e&/a 'e-a'
E
E
E
6;573;389
E
E
E
755;788
7;329;177
?7;465;397B
?136;220B
Dec'a&ac$F% de d$/$de%d#! !e-F% ac"a de @+%"a O&d$%a&$a de Acc$#%$!"a! ce'e3&ada e' 29 de (a*# de 2008
E
E
E
E
E
E
E
E
E?54;822;953B
?54;822;953B
Aa%a%c$a %e"a de' e1e&c$c$#
E
E
E
E
E
E
E
E
210;858;429
210;858;429
Sa'd#! a' 31 de (a&)# de 2009
196;614;600
1;058;010
50;994;397
30;035;293
27;226;549
138;615;174
44;055;838
66;788;097
357;715;348
432;149;195
987;537;153
C#%!"$"+c$F% de &e!e&/a 'e-a'
E
E
E
10;328;877
E
E
E
105;272
10;434;149
?10;434;149B
E
Dec'a&ac$F% de d$/$de%d#! !e-F% ac"a de @+%"a O&d$%a&$a de Acc$#%$!"a! ce'e3&ada e' 28 de (a*# de 2009
E
E
E
E
E
E
E
E
E
?71;304;520B
?71;304;520B
Aa%a%c$a %e"a de' e1e&c$c$#
E196;614;600
E1;058;010
E50;994;397
E40;364;170
E27;226;549
E138;615;174
E44;055;838
E66;893;369
E368;149;497
178;463;152 528;873;678
178;463;152 1;094;695;785
ffd8ffe000104a46494600010201
00c800c80000ffe20c584943435f5
0524f46494c4500010100000c484
c696e6f021000006d6e747252474
22058595a2007ce0002000900060
0310000616373704d5346540000
000049454320735247420000000
000000000000000000000f6d6000
100000000d32d48502020000000
000000000000000000000000000
000000000000000000000000000
000000000000000000000000000
000000011637072740000015000
000033646573630000018400000
06c77747074000001f0000000146
263707400000204000000147258
595a00000218000000146758595
a0000022c000000146258595a000
0024000000014646d6e64000002
5400000070646d6464000002c40
0000088767565640000034c0000
008676696577000003d40000002
46c756d69000003f8000000146d6
561730000040c00000024746563
68000004300000000c725452430
000043c0000080c6754524300000
43c0000080c625452430000043c0
000080c7465787400000000436f7
079726967687420286329203139
3938204865776c6574742d50616
36361726420436f6d70616e79000
064657363000000000000001273
5247422049454336313936362d3
22e310000000000000000000000
127352474220494543363139363
62d322e31000000000000000000
000000000000000000000000000
000000000
ffd8ffe000104a46494600010201
00c800c80000ffe20c584943435f5
0524f46494c4500010100000c484
c696e6f021000006d6e747252474
22058595a2007ce0002000900060
0310000616373704d5346540000
000049454320735247420000000
000000000000000000000f6d6000
100000000d32d48502020000000
000000000000000000000000000
000000000000000000000000000
000000000000000000000000000
000000011637072740000015000
000033646573630000018400000
06c77747074000001f0000000146
263707400000204000000147258
595a00000218000000146758595
a0000022c000000146258595a000
0024000000014646d6e64000002
5400000070646d6464000002c40
0000088767565640000034c0000
008676696577000003d40000002
46c756d69000003f8000000146d6
561730000040c00000024746563
68000004300000000c725452430
000043c0000080c6754524300000
43c0000080c625452430000043c0
000080c7465787400000000436f7
079726967687420286329203139
3938204865776c6574742d50616
36361726420436f6d70616e79000
064657363000000000000001273
5247422049454336313936362d3
22e310000000000000000000000
127352474220494543363139363
62d322e31000000000000000000
000000000000000000000000000
000000000
ffd8ffe000104a46494600010201
00c800c80000ffe20c584943435f5
0524f46494c4500010100000c484
c696e6f021000006d6e747252474
22058595a2007ce0002000900060
0310000616373704d5346540000
000049454320735247420000000
000000000000000000000f6d6000
100000000d32d48502020000000
000000000000000000000000000
000000000000000000000000000
000000000000000000000000000
000000011637072740000015000
000033646573630000018400000
06c77747074000001f0000000146
263707400000204000000147258
595a00000218000000146758595
a0000022c000000146258595a000
0024000000014646d6e64000002
5400000070646d6464000002c40
0000088767565640000034c0000
008676696577000003d40000002
46c756d69000003f8000000146d6
561730000040c00000024746563
68000004300000000c725452430
000043c0000080c6754524300000
43c0000080c625452430000043c0
000080c7465787400000000436f7
079726967687420286329203139
3938204865776c6574742d50616
36361726420436f6d70616e79000
064657363000000000000001273
5247422049454336313936362d3
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ESTADO DE AANANCIAS H 8ERDIDAS 8OR LOS
E@ERCICIOS TERMINADOS EL 31 DE MARGO DE 2010
H 2009
Ca,$"a' 8a-ad# B!
A,#&"e! ,#& Ca,$"a'$)a& B!
A1+!"e de ca,$"a' B!
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A1+!"e -'#3a' de' ,a"&$(#%$# %e"# B!
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A1+!"e de &e!e&/a! B!
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Sa'd#! a' 31 de (a&)# de 2008
196;614;600
1;058;010
50;994;397
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138;615;174
44;055;838
66;032;309
350;386;171
283;579;116
831;637;897
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210;858;429
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196;614;600
1;058;010
50;994;397
30;035;293
27;226;549
138;615;174
44;055;838
66;788;097
357;715;348
432;149;195
987;537;153
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E44;055;838
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E368;149;497
178;463;152 528;873;678
178;463;152 1;094;695;785
2010
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?Ree:,&e!ad#B
B!
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Aa%a%c$a %e"a de' e1e&c$c$#
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000000000000000000000000000
000000000
C#%"ad#&a
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080c675452430000043c0
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3c0000080c74657874000
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ESTADO DE EVOL4CION DEL 8ATRIMONIO NETO 8OR LOS
E@ERCICIOS TERMINADOS EL 31 DE MARGO DE 2010 H 2009
(Expresao e! "o!ea co!sta!te#
Re!e&/a!
2010
2009
?Ree:,&e!ad#B
B!
B!
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Aa%a%c$a %e"a de' e1e&c$c$#
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210;858;429
A1+!"e! ,a&a &ec#%c$'$a& 'a +"$'$dad %e"a a' efec"$/# #&$-$%ad# e% 'a! #,e&ac$#%e!I
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71;562;338
56;001;641
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0c584943435f50524f4649
4c4500010100000c484c6
96e6f021000006d6e7472
5247422058595a2007ce0
002000900060031000061
6373704d5346540000000
049454320735247420000
000000000000000000000
000f6d6000100000000d3
2d4850202000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000001
163707274000001500000
003364657363000001840
000006c77747074000001
f00000001462637074000
00204000000147258595a
000002180000001467585
95a0000022c0000001462
58595a000002400000001
4646d6e64000002540000
0070646d6464000002c40
000008876756564000003
4c0000008676696577000
003d4000000246c756d69
000003f8000000146d656
1730000040c0000002474
656368000004300000000
c725452430000043c0000
080c675452430000043c0
000080c62545243000004
3c0000080c74657874000
00000436f707972696768
742028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e790000646573630000
000000000012735247422
049454336313936362d32
2e3100000000000000000
000001273524742204945
4336313936362d322e310
000000000000000000000
000000000000000000000
00000000000
ESTADO DE AANANCIAS H 8ERDIDAS 8OR LOS
E@ERCICIOS TERMINADOS EL 31 DE MARGO DE 2010
H 2009
2010
2009
?Ree:,&e!ad#B
B!
B!
EFECTIVO ORIAINADO EN ?A8LICADO AB ACTIVIDADES O8ERATIVASI
Aa%a%c$a %e"a de' e1e&c$c$#
178;463;152
210;858;429
A1+!"e! ,a&a &ec#%c$'$a& 'a +"$'$dad %e"a a' efec"$/# #&$-$%ad# e% 'a! #,e&ac$#%e!I
De,&ec$ac$F% de ac"$/#! f$1#!
71;562;338
56;001;641
Re%d$($e%"# e% $%/e&!$#%e!
?51;178;357B
?40;708;190B
8&e/$!$F% ,a&a $%c#3&a3'e!
993;276
836;477
8&e/$!$F% ,a&a $%de(%$)ac$#%e!
10;202;142
5;934;868
8&e/$!$F% ,a&a #3!#'e!ce%c$a de $%/e%"a&$#!
1;600;000
4;335;438
A(#&"$)ac$F% de /a'#& ''a/e * ca&-#! d$fe&$d#!
10;896;475
11;904;404
De!/a'#&$)ac$F% de $%/e&!$#%e!
E
?1;355;130B
Ree:,&e!$F% de !a'd#! $%$c$a'e! * d$fe&e%c$a de ca(3$# de de+da! 3a%ca&$a! * f$%a%c$e&a! * de ac"$/#! ,a&a 'a /e%"a
?12;613;121B
?107;751;809B
I%"e&e!e! de/e%-ad#!
52;675;109
51;792;005
262;601;014
191;848;133
Ca(3$#! e% ac"$/#! * ,a!$/#!I
D$!($%+c$F% e% c+e%"a! ,#& c#3&a& c#(e&c$a'e! * #"&a! c+e%"a! ,#& c#3&a& a c#&"# ,'a)#
15;266;711
12;346;132
?I%c&e(e%"#B e% $%/e%"a&$#!
?35;942;048B
?7;234;123B
?I%c&e(e%"#B e% -a!"#! ,a-ad#! ,#& a%"$c$,ad#
?11;670;336B
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D$!($%+c$F% ?I%c&e(e%"#B e% c+e%"a! ,#& c#3&a& c#(e&c$a'e!; * #"&a! c+e%"a! ,#& c#3&a& %# c#&&$e%"e!
29;178;707
?53;816;384B
D$!($%+c$F% e% ca&-#! d$fe&$d#! * /a'#& ''a/e
2;103;514
4;798;409
D$!($%+c$F% ?I%c&e(e%"#B e% de+da! c#(e&c$a'e!
35;092;814
?36;062;913B
?D$!($%+c$F%B I%c&e(e%"# e% $(,+e!"#! ,#& ,a-a&
?1;873;368B
17;742;020
?D$!($%+c$F%B I%c&e(e%"# e% de+da! !#c$a'e! * #"&a! de+da!
?33;608;039B
321;364
?D$!($%+c$F%B a%"$c$,#! &ec$3$d#!
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?6;194;604B
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254;954;365
119;234;838
EFECTIVO ORIAINADO EN ?A8LICADO AB ACTIVIDADES DE INVERSIONI
D$/$de%d#! c#3&ad#!
29;001;399
21;427;914
M#/$($e%"# $%/e&!$#%e! ,e&(a%e%"e!
?13;258;900B
1;063;885
M#/$($e%"# ca&-#! d$fe&$d#!
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?214;418;902B
?52;975;664B
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1;129;591
4;913;916
T#"a' efec"$/# a,'$cad# a ac"$/$dade! de $%/e&!$F%
?198;195;367B
?25;569;949B
EFECTIVO ORIAINADO EN ?A8LICADO AB ACTIVIDADES DE FINANCIAMIENTOI
8a-# de d$/$de%d#!
?71;304;520B
?54;822;953B
I%c&e(e%"# e% de+da! 3a%ca&$a! * f$%a%c$e&a! e $%"e&e!e!
210;128;300
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?179;229;701B
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?40;405;921B
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I%c&e(e%"# %e"# de efec"$/#
16;353;077
65;292;773
D$!,#%$3$'$dade! e $%/e&!$#%e! "e(,#&a&$a! a' $%$c$# de' e1e&c$c$#
170;271;306
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D$!,#%$3$'$dade! e $%/e&!$#%e! "e(,#&a&$a! a' c$e&&e de' e1e&c$c$#
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La! %#"a! 1 a 23 =+e !e ac#(,aFa% f#&(a% ,a&"e $%"e-&a%"e de e!"e e!"ad#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C#%"ad#&a
ffd8ffe000104a46494600
010201006400640000ffe2
0c584943435f50524f4649
4c4500010100000c484c6
96e6f021000006d6e7472
5247422058595a2007ce0
002000900060031000061
6373704d5346540000000
049454320735247420000
000000000000000000000
000f6d6000100000000d3
2d4850202000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000001
163707274000001500000
003364657363000001840
000006c77747074000001
f00000001462637074000
00204000000147258595a
000002180000001467585
95a0000022c0000001462
58595a000002400000001
4646d6e64000002540000
0070646d6464000002c40
000008876756564000003
4c0000008676696577000
003d4000000246c756d69
000003f8000000146d656
1730000040c0000002474
656368000004300000000
c725452430000043c0000
080c675452430000043c0
000080c62545243000004
3c0000080c74657874000
00000436f707972696768
742028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e790000646573630000
000000000012735247422
049454336313936362d32
2e3100000000000000000
000001273524742204945
4336313936362d322e310
000000000000000000000
000000000000000000000
00000000000
NOTAS A LOS ESTADOS FINANCIEROS AL 31 DE MARGO DE 2010 H
2009
NOTA $ % NATURALE&A '
O()ETO
E% fec<a 24 de !e,"$e(3&e de 1925 f+e c#%!"$"+$da 'a S#c$edad de Ce(e%"# 3a1# 'a
e!c&$"+&a ,K3'$ca ND283
E% fec<a 22 de #c"+3&e de 1978; 'a S#c$edad de Ce(e%"#; (#d$f$c0 !+ &a)0% !#c$a' a S#c$edad
B#'$/$a%a de Ce(e%"# SA 3a1# e!c&$"+&a ,K3'$ca ND 548L78
La S#c$edad; "$e%e ,#& #31e"# ,&$%c$,a'(e%"e 'a fa3&$cac$0% de ce(e%"#; <#&($-0% ,&e(e)c'ad#;
,&#d+c"#! de c#%c&e"#; 'a e:,'#"ac$0% * ,&#d+cc$0% de a-&e-ad#! ,."&e#!; 'a fa3&$cac$0% de c+a'=+$e&
#"&a c'a!e de (a"e&$a'e! de c#%!"&+cc$0% * c+a'=+$e& #"&a ac"$/$dad &e'ac$#%ada c#% 'a c#%!"&+cc$0%
A!$($!(#; 'a S#c$edad "$e%e ,#& #31e"# e' de!a&&#''# e $%/e&!$#%e! $%(#3$'$a&$a!; 'a ,&e!"ac$0% de
!e&/$c$#! de "&a%!,#&"e %ac$#%a' e $%"e&%ac$#%a' de ca&-a * 'a c#(,&a de (a"e&$a! ,&$(a! e $%!+(#!
,a&a 'a ,&#d+cc$0%; c#(e&c$a'$)ac$0% * d$!"&$3+c$0% de ,&#d+c"#! *L# !e&/$c$#! =+e !ea% e'a3#&ad#! #
&ea'$)ad#! ,#& '#! ,&#*ec"#! de &e!,#%!a3$'$dad !#c$a' de 'a e(,&e!a; e%"&e e''#! '#! 1+-+e"e!
a&"e!a%a'e! NOTA * % POLITICAS
CONTA(LES
L#! ,&e!e%"e! e!"ad#! f$%a%c$e&#! e:,&e!ad#! e% 3#'$/$a%#! <a% !$d# ,&e,a&ad#! de ac+e&d# c#%
,&$%c$,$#! c#%"a3'e! -e%e&a'(e%"e ace,"ad#! e% B#'$/$a
*.$ Esti"acio!es co!ta+,es ELa ,&e,a&ac$0% de '#! e!"ad#! f$%a%c$e&#! de ac+e&d# c#%
,&$%c$,$#! c#%"a3'e! -e%e&a'(e%"e ace,"ad#! e% B#'$/$a; &e=+$e&e =+e 'a Ae&e%c$a de 'a S#c$edad
&ea'$ce e!"$(ac$#%e! =+e afec"a% '#! (#%"#! de ac"$/#!; ,a!$/#!; $%-&e!#! * -a!"#! de' e1e&c$c$# L#!
&e!+'"ad#! &ea'e! ,+ede% d$fe&$& de 'a! e!"$(ac$#%e! &ea'$)ada!
*.* Co!sieraci-! e ,os e.ectos e ,a i!.,aci-! %De ac+e&d# c#% 'a Re!#'+c$0% CTNAC
01L2008 de' 11 de e%e&# de 2008 de' C#'e-$# de A+d$"#&e! * C#%"ad#&e! 8K3'$c#! de B#'$/$a; 'a
S#c$edad a1+!"a ,#& $%f'ac$0% !+! e!"ad#! f$%a%c$e&#! "#(a%d# e% c+e%"a 'a 4%$dad de F#(e%"# a 'a
V$/$e%da ?4FVB La 4FV a' 31 de (a&)# de 2010 * 2009 f+e de 1;53826 * de 1;50703;
&e!,ec"$/a(e%"e
*./ Criterios e
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'#! !$-+$e%"e!I
a# Mo!ea extra!1era % L#! ac"$/#! * ,a!$/#! e% (#%eda e:"&a%1e&a !e /a'Ka% a' "$,# de
ca(3$# de c$e&&e de cada e1e&c$c$# La! d$fe&e%c$a! de ca(3$# !e &e-$!"&a% e% '#! &e!+'"ad#! de'
e1e&c$c$#; e% 'a c+e%"a D$fe&e%c$a de ca(3$#
+# I!0ersio!es te"porarias %La! $%/e&!$#%e! "e(,#&a&$a! e%I aB S#c$edade! Ad($%$!"&ad#&a!
de F#%d#! de I%/e&!$0% e!">% /a'+ada! a !+ /a'#& %#($%a' ac"+a'$)ad# a 'a fec<a de c$e&&e de'
e1e&c$c$# (>! '#! &e%d$($e%"#! de/e%-ad#!M * 3B De,0!$"#! a 8'a)# F$1# e!">% /a'+ad#! a !+ /a'#&
%#($%a' ac"+a'$)ad# a 'a fec<a de c$e&&e de' e1e&c$c$#
c# Pre0isi-! i!co+ra+,es %La ,&e/$!$0% ,a&a $%c#3&a3'e! de 'a! c+e%"a! ,#& c#3&a& c#(e&c$a'e!
a e:ce,c$0% de 'a! de' !ec"#& ,K3'$c# * e:ce,"# ,a&a 'a! =+e c+e%"a% c#% -a&a%"6a! &ea'e!
c#%!"$"+$da! a fa/#& de 'a S#c$edad; !e de"e&($%a a,'$ca%d# ,#&ce%"a1e! de' 10 a' 100 ,#& c$e%"#;
,&#-&e!$/a(e%"e e% f+%c$0% de 'a (#&#!$dad de 'a! c+e%"a! ,#& c#3&a&M de!de 'a! c+e%"a! c#% (#&a
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# I!0e!tarios
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ac"+a'$)ad#
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48BD4VBM@QBE8
E' /a'#& %e"# c#%"a3'e de '#! $%/e%"a&$#! %# !+,e&a !+ /a'#&
&ec+,e&a3'e
ffd8ffe000104a46494600
010201006400640000ffe2
0c584943435f50524f4649
4c4500010100000c484c6
96e6f021000006d6e7472
5247422058595a2007ce0
002000900060031000061
6373704d5346540000000
049454320735247420000
000000000000000000000
000f6d6000100000000d3
2d4850202000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000001
163707274000001500000
003364657363000001840
000006c77747074000001
f00000001462637074000
00204000000147258595a
000002180000001467585
95a0000022c0000001462
58595a000002400000001
4646d6e64000002540000
0070646d6464000002c40
000008876756564000003
4c0000008676696577000
003d4000000246c756d69
000003f8000000146d656
1730000040c0000002474
656368000004300000000
c725452430000043c0000
080c675452430000043c0
000080c62545243000004
3c0000080c74657874000
00000436f707972696768
742028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e790000646573630000
000000000012735247422
049454336313936362d32
2e3100000000000000000
000001273524742204945
4336313936362d322e310
000000000000000000000
000000000000000000000
00000000000
e# Acti0os para ,a 0e!ta %L#! ac"$/#! ,a&a 'a /e%"a e!">% &e-$!"&ad#! a '#! /a'#&e! de (e&cad#
&e!+'"a%"e! de a/a'K#! ".c%$c#! ,&ac"$cad#! e% !e,"$e(3&e de 2005 ,#& ,e&$"#! $%de,e%d$e%"e!;
&ee:,&e!ad#! a (#%eda de c$e&&e <a!"a e' 31 de (a&)# de 2007 8#!"e&$#&(e%"e; 'a S#c$edad <a
dec$d$d# !+!,e%de& e' a1+!"e ,#& $%f'ac$0% de e!"a! c+e%"a! ,a&a %# e:cede& !+ /a'#& de (e&cad#
.# I!0ersio!es per"a!e!tes %La! $%/e&!$#%e! !e ac"+a'$)a% * e!">% /a'+ada! de
'a !$-+$e%"e (a%e&aI
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!#3&e 'a 3a!e de !+! e!"ad#! f$%a%c$e&#! a' 31 de (a&)# de 2010 %# a+d$"ad#! * 2009 a+d$"ad#!
E La! c+#"a! de ca,$"a' e% S#c$edad E:,'#"ad#&a de M$%e&a'e! Ca'c>&e#! L"da ?ERMICALB; a !+
/a'#& ,a"&$(#%$a' ,&#,#&c$#%a' a' 31 de (a&)# de 2010 * 2009; %# a+d$"ad# de3$d# a =+e !+ c$e&&e
f$!ca' e! e' 30 de !e,"$e(3&e de cada a7#
E La! acc$#%e! e% E!,ec$a'$!"a! e% M$%e&a'e! Ca'$)#! SA ?ESMICALB; a !+ /a'#& ,a"&$(#%$a'
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!e,"$e(3&e de cada a7#
ELa! c+#"a! de ca,$"a' e% C#(,a76a I%"e-&a' de C#%!$-%ac$#%e! * Se&/$c$#! L"da ?CIS L"daB; a !+
/a'#& ,a"&$(#%$a' ,&#,#&c$#%a' a' 31 de d$c$e(3&e de 2006; &ee:,&e!ad# a (#%eda de c$e&&e E!"a
S#c$edad %# "$e%e #,e&ac$#%e! %$ (#/$($e%"# c#%"a3'e e% '#! K'"$(#! a7#!
E La! acc$#%e! e% e' Ba%c# BISA SA e!">% /a'+ada! a !+ c#!"# de ad=+$!$c$0%;
&ee:,&e!ad# a (#%eda de c$e&&e
ELa! c+#"a! de ,a&"$c$,ac$0% e% 'a! c##,e&a"$/a! "e'ef0%$ca!; COTEL; COTAS; COMTECO * COSETT; a
!+ c#!"# de ad=+$!$c$0% ac"+a'$)ad# <a!"a e' 31 de (a&)# de 2007 8#!"e&$#&(e%"e; 'a S#c$edad <a
dec$d$d# !+!,e%de& e' a1+!"e ,#& $%f'ac$0% de e!"a! c+e%"a! ,a&a %# e:cede& !+ /a'#& de (e&cad#
E' /a'#& %e"# c#%"a3'e de 'a! $%/e&!$#%e! ,e&(a%e%"e! %# !+,e&a a !+
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e!">% &e-$!"&ad#! a '#! /a'#&e! &e!+'"a%"e! de +% &e/a'K# ".c%$c# ,&ac"$cad# e% e!a fec<a ,#& ,e&$"#!
$%de,e%d$e%"e!; &ee:,&e!ad#! a (#%eda de c$e&&e La! $%c#&,#&ac$#%e! ,#!"e&$#&e! e!">% &e-$!"&ada!
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e!">% &e-$!"&ad#! a' /a'#& ,a-ad# a' (#(e%"# de 'a ad=+$!$c$0% de d$c<#! 3$e%e! de S#c$edad
Ce(e%"# SE' 8+e%"eT SA; d$c<# /a'#& f+e &a"$f$cad# ,#& ,e&$"#! ".c%$c#! $%de,e%d$e%"e! d+&a%"e 'a
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c#% '#! c&$"e&$#! !e7a'ad#! e% 'a N#"a 2;2
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de 'a &e'ac$0% e%"&e 'a ca,ac$dad de ,&#d+cc$0% * 'a! +%$dade! ,&#d+c$da!; fac"#& =+e e!
a,'$cad# a' /a'#& de c#!"# # &e/a'K# ac"+a'$)ad# de '#! 3$e%e!
E' &e!"# de '#! ac"$/#! f$1#! !e de,&ec$a ,#& '6%ea &ec"a a,'$ca%d# "a!a! !+f$c$e%"e! ,a&a e:"$%-+$&
e' /a'#& de d$c<#! 3$e%e! a' f$%a' de !+ /$da K"$'
L#! (a%"e%$($e%"#!; &e,a&ac$#%e!; &e%#/ac$#%e! * (e1#&a! =+e %# e:"$e%de% 'a /$da K"$' de '#!
3$e%e!; !#% ca&-ad#! a '#! &e!+'"ad#! de' e1e&c$c$# e% e' =+e !e $%c+&&e%
L#! /a'#&e! %e"#! &e!+'"a%"e! e% !+ c#%1+%"#; %# !+,e&a% !+ /a'#&
&ec+,e&a3'e
h# Car2os i.erios %L#! ca&-#! d$fe&$d#!; !e &ec#%#ce% a' c#!"# * !e ac"+a'$)a% ,#& $%f'ac$0% de
ac+e&d# c#% e' c&$"e&$# de!c&$"# e% 'a N#"a 22 E!"#! c#!"#! !#% a(#&"$)ad#! de ac+e&d# c#% 'a!
!$-+$e%"e! /$da! K"$'e!
E L$ce%c$a! !#f"Ua&e E E%"&e 4 * 7
a7#! E 8&#*ec"# FANCESA E O"&#! c#!"#! E 5
a7#! E Ce&"$f$cac$0% ISOS E 5 a7#!
E O"&#! (e%#&e! E E%"&e 4 * 6
a7#!
ffd8ffe000104a4649460
0010201006400640000ff
e20c584943435f50524f4
6494c4500010100000c48
4c696e6f021000006d6e7
4725247422058595a200
7ce000200090006003100
00616373704d53465400
00000049454320735247
42000000000000000000
0000000000f6d60001000
00000d32d48502020000
00000000000000000000
00000000000000000000
00000000000000000000
00000000000000000000
00000000000116370727
40000015000000033646
57363000001840000006c
77747074000001f000000
01462637074000002040
00000147258595a00000
218000000146758595a0
000022c00000014625859
5a000002400000001464
6d6e6400000254000000
70646d6464000002c4000
00088767565640000034c
00000086766965770000
03d4000000246c756d690
00003f8000000146d6561
730000040c00000024746
56368000004300000000c
725452430000043c00000
80c675452430000043c00
00080c625452430000043
c0000080c746578740000
0000436f7079726967687
42028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e79000064657363000
00000000000127352474
22049454336313936362
d322e310000000000000
00000000012735247422
049454336313936362d3
22e31000000000000000
00000000000000000000
0000000000000000000
i# Va,or ,,a0e EC#&&e!,#%de a' (a*#& /a'#& ,a-ad# e% 'a ad=+$!$c$0% de $%/e&!$#%e! c#%
&e!,ec"# a !+ /a'#& ,a"&$(#%$a' ,&#,#&c$#%a'; /a'+ad# a !+ c#!"# ac"+a'$)ad# a' c$e&&e de' e1e&c$c$#
La a(#&"$)ac$0% de e!"#! c#%ce,"#! !e &ea'$)a; e% f+%c$0% a c&$"e&$#! ".c%$c#! def$%$d#! ,#& 'a
Ae&e%c$a; de 'a !$-+$e%"e (a%e&aI
$B E' /a'#& ''a/e c#&&e!,#%d$e%"e a 'a $%/e&!$0% &ea'$)ada e% FANCESA !e a(#&"$)a
e% /e$%"e a7#!
$$B E' /a'#& ''a/e c#&&e!,#%d$e%"e a 'a $%/e&!$0% &ea'$)ada e% Read* M$:; !e
a(#&"$)a e% d$e) a7#!
E' /a'#& %e"# c#%"a3'e de '#! /a'#&e! ''a/e! %# !+,e&a% !+ /a'#&
&ec+,e&a3'e
1# Pre0isi-! para i!e"!i3acio!es a, perso!a, %La ,&e/$!$0% ,a&a $%de(%$)ac$#%e! !e
c#%!"$"+*e ,a&a "#d# e' ,e&!#%a' ,#& e' "#"a' de' ,a!$/# de/e%-ad# a' c$e&&e de' e1e&c$c$#; '# c+a' e!
c#%!$!"e%"e c#% '# e!"$,+'ad# e% e' Dec&e"# S+,&e(# ND 110 ,+3'$cad# e' 7 de (a*# de 2009; =+e
&ec#%#ce e' de&ec<# de ,a-# de $%de(%$)ac$0% ?e=+$/a'e%"e a +% (e! de !+e'd# ,#& a7# de !e&/$c$#B;
e% fa/#& de '#! "&a3a1ad#&e! '+e-# de <a3e& c+(,'$d# (>! de %#/e%"a ?90B d6a! de "&a3a1# c#%"$%+#;
*a !ea =+e e:$!"a de!,$d# $%"e(,e!"$/# # &e%+%c$a /#'+%"a&$a ,#& ,a&"e de' "&a3a1ad#&
4# Costos e .i!a!cia"ie!to %L#! c#!"#! de f$%a%c$a($e%"# !#% &e-$!"&ad#! e% '#! &e!+'"ad#!
de' e1e&c$c$# e% e' =+e !e $%c+&&e%
,# Patri"o!io !eto % La S#c$edad a1+!"a e' "#"a' de' ,a"&$(#%$# e% 3a!e a '# d$!,+e!"# ,#& 'a
N#&(a de C#%"a3$'$dad ND 3 de' C#'e-$# de A+d$"#&e! de B#'$/$a E' a1+!"e c#&&e!,#%d$e%"e a 'a!
c+e%"a! de Ca,$"a' !e &e-$!"&a e% 'a c+e%"a A1+!"e de Ca,$"a' * e' a1+!"e de 'a! &e!e&/a! e% 'a c+e%"a
A1+!"e de &e!e&/a! E' a1+!"e de &e!+'"ad#! ac+(+'ad#! =+eda e:,+e!"# e% 'a ($!(a c+e%"a
"# Resu,taos e, e1ercicio %La S#c$edad de"e&($%a e' &e!+'"ad# de cada e1e&c$c$# "#(a%d# e%
c+e%"a '#! efec"#! de 'a $%f'ac$0% N# !e a1+!"a% '#! &+3&#! $%d$/$d+a'e! de' e!"ad# de -a%a%c$a! *
,.&d$da!; ,e&# !e &e-$!"&a +% a1+!"e -'#3a' e% 'a c+e%"a SA1+!"e ,#& $%f'ac$0% * "e%e%c$a de 3$e%e!T
E!"e ,&#ced$($e%"# %# #&$-$%a +%a d$!"#&!$0% !$-%$f$ca"$/a e% '#! &+3&#! $%d$/$d+a'e! de d$c<# e!"ad#
!# Reco!oci"ie!to e i!2resos %La S#c$edad &ec#%#ce '#! $%-&e!#! ,#& /e%"a! a 'a e%"&e-a
de' ,&#d+c"# ?ce(e%"# + <#&($-0%B a' c#(,&ad#&
E' &ec#%#c$($e%"# de $%-&e!#! ,#& c#%"&a"#! de c#%!"&+cc$0% e! &ea'$)ad# c#% &efe&e%c$a a'
e!"ad# de a/a%ce de 'a #3&a Ba1# e!"e (."#d#; '#! $%-&e!#! de&$/ad#! de' c#%"&a"# !e
c#(,a&a% c#% '#! c#!"#! $%c+&&$d#! e% 'a c#%!"&+cc$0%; c#% '# =+e !e &e/e'a e' $(,#&"e de '#!
$%-&e!#!; de '#! -a!"#! * de '#! &e!+'"ad#! =+e !#% a"&$3+$d#! a 'a ,#&c$0% de' c#%"&a"#
e1ec+"ad# cada a7#
*.5 A"i!istraci-! e
ries2os
a# Ries2o e ca"+io
La ,#!$c$0% e% (#%eda e:"&a%1e&a (e%c$#%ada e% 'a N#"a 16; e:,#%e a 'a S#c$edad a' &$e!-# de
/a&$ac$0% e% e' "$,# de ca(3$# de 'a (#%eda '#ca' &e!,ec"# a' d0'a& e!"ad#+%$de%!e La
S#c$edad; c#%!$de&a =+e %# e! %ece!a&$# +"$'$)a& %$%-K% $%!"&+(e%"# f$%a%c$e&# ,a&a ($%$($)a&
e' &$e!-# a%"e! (e%c$#%ad# Ca3e !e7a'a& =+e de%"&# de 'a! ,#'6"$ca! c#(e&c$a'e!; e' ,&ec$# de
/e%"a !e f$1a e% 3#'$/$a%#!
+# Ries2o e cr6ito
E' &$e!-# de c&.d$"# de 'a S#c$edad e!"> a"#($)ad# e% /a&$#! c'$e%"e! Ad$c$#%a'(e%"e; 'a
S#c$edad "$e%e ,#'6"$ca! de c&.d$"# "e%d$e%"e! a &ed+c$& e' &$e!-# de &ec+,e&a3$'$dad de d$c<#!
c&.d$"#! D$c<a! ,#'6"$ca!; +%$da! a +% ,&#ce!# de c#%"&#' de c#3&a%)a! &ed+ce% e' &$e!-# de
c&.d$"# de 'a S#c$edad
ffd8ffe000104a4649460
0010201006400640000ff
e20c584943435f50524f4
6494c4500010100000c48
4c696e6f021000006d6e7
4725247422058595a200
7ce000200090006003100
00616373704d53465400
00000049454320735247
42000000000000000000
0000000000f6d60001000
00000d32d48502020000
00000000000000000000
00000000000000000000
00000000000000000000
00000000000000000000
00000000000116370727
40000015000000033646
57363000001840000006c
77747074000001f000000
01462637074000002040
00000147258595a00000
218000000146758595a0
000022c00000014625859
5a000002400000001464
6d6e6400000254000000
70646d6464000002c4000
00088767565640000034c
00000086766965770000
03d4000000246c756d690
00003f8000000146d6561
730000040c00000024746
56368000004300000000c
725452430000043c00000
80c675452430000043c00
00080c625452430000043
c0000080c746578740000
0000436f7079726967687
42028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e79000064657363000
00000000000127352474
22049454336313936362
d322e310000000000000
00000000012735247422
049454336313936362d3
22e31000000000000000
00000000000000000000
0000000000000000000
NOTA / % INVERSIONES TEMPORARIAS
2010 B!
2009 ?Ree:,&e!ad#B B!
S#c$edade! Ad($%$!"&ad#&a! de F#%d#! de I%/e&!$F% De,F!$"#! a ,'a)# f$1#
150;576;306 2;607;933
147;633;854 2;643;016
153;184;239
150;276;870
NOTA 7 % OTRAS CUENTAS POR CO(RAR
2010
2009
?Ree:,&e!ad#B
B!
B!
Corrie!te
Rec'a(#! a' !e-+&#
13;515
338;041
A%"$c$,# ,&#/eed#&e!
13;227;296
30;535;378
C+e%"a! c#% e' ,e&!#%a'
5;766;155
5;882;910
C+e%"a! ,#& c#3&a& /a&$a! MLN
705;175
1;418;680
C+e%"a! ,#& c#3&a& /a&$a! MLE
356;346
347;607
O"&#!
5;965;788
5;397;595
8&e/$!$F% #"&a! c+e%"a! ,#& c#3&a&
?1;091;514B
?1;114;133B
24;942;761
42;806;078
No corrie!te
A%"$c$,# ,a&a c#(,&a de ac"$/#! f$1#!
28;919;075
55;666;786
E!($ca'
371;443
2;473;468
O"&a! c+e%"a ,#& c#3&a&
1;062
?1;051B
C+e%"a! ,#& c#3&a& de I%/e&!#& SA
147;148
181;055
C+e%"a! ,#& c#3&a& c#(e&c$a'e! e% e1ec+c$F%
73;606
74;998
8&e/$!$F% #"&a! c+e%"a! ,#& c#3&a&
?402;520B
?410;861B
29;109;814
57;984;395
NOTA 8 % INVENTARIOS
2010
2009
?Ree:,&e!ad#B
B!
B!
Ma"e&$a! ,&$(a!
50356198
17427664
8&#dc+"#! e% ,&#ce!#
26718209
14803609
8&#d+c"#! "e&($%ad#!
4741671
12346372
Ma"e&$a'e! * !+($%$!"&#! de #,e&ac$F%; &e,+e!"#!
41750950
43091408
8&e/$!$F% ,a&a #3!#'e!ce%c$a de $%/e%"a&$#!
?3726661B
?2170732B
119840367
85498321
c# Ries2o e ,i9uie3
La S#c$edad ,#!ee ,#'6"$ca! de "e!#&e&6a ,&+de%"e! "e%d$e%"e! a (a%"e%e& f#%d#! !+f$c$e%"e!
,a&a <ace& f&e%"e a !+! #3'$-ac$#%e!; a!6 c#(# d$!,#%e& de fac$'$dade! f$%a%c$e&a! adec+ada!
D$c<a! ,#'6"$ca! !#% c#(,'e(e%"ada! a "&a/.! de +% e!"&$c"# !e-+$($e%"# de 'a! c#3&a%)a!
De3$d# a 'a %a"+&a'e)a d$%>($ca de '#! %e-#c$#! de 'a S#c$edad; 'a! ,#'6"$ca! de "e!#&e&6a !e
def$%e% c#% e' #31e"$/# de (a%"e%e& f'e:$3$'$dad e% e' f$%a%c$a($e%"#; a "&a/.! de' acce!# a
'6%ea! de c&.d$"# * a +%a ac"$/a ,a&"$c$,ac$0% e% 'a B#'!a B#'$/$a%a de Va'#&e! '# =+e 'e -e%e&a
'a #,#&"+%$dad de #,"$($)a& !+ c#!"# f$%a%c$e&#
# Ries2o e tasa e i!ter6s
La S#c$edad f$%a%c$a !+! #,e&ac$#%e! a "&a/.! de 'a #3"e%c$0% de ,&.!"a(#! =+e "$e%e%
d$/e&!a! "a!a! de $%"e&.! La S#c$edad %# +"$'$)a $%!"&+(e%"#! f$%a%c$e&#! "a'e! c#(# !Ua,! de
"a!a! de $%"e&.! ,a&a ($%$($)a& !+ e:,#!$c$0% a' &$e!-# de /a&$ac$#%e! e% 'a! "a!a! de $%"e&.!
La S#c$edad %# ,#!ee ac"$/#! f$%a%c$e&#! =+e e!".% e:,+e!"#! a' &$e!-# de "a!a de $%"e&.!
NOTA 7 % OTRAS CUENTAS POR CO(RAR
2010
2009
?Ree:,&e!ad#B
B!
B!
Corrie!te
Rec'a(#! a' !e-+&#
13;515
338;041
A%"$c$,# ,&#/eed#&e!
13;227;296
30;535;378
C+e%"a! c#% e' ,e&!#%a'
5;766;155
5;882;910
C+e%"a! ,#& c#3&a& /a&$a! MLN
705;175
1;418;680
C+e%"a! ,#& c#3&a& /a&$a! MLE
356;346
347;607
O"&#!
5;965;788
5;397;595
8&e/$!$F% #"&a! c+e%"a! ,#& c#3&a&
?1;091;514B
?1;114;133B
24;942;761
42;806;078
No corrie!te
A%"$c$,# ,a&a c#(,&a de ac"$/#! f$1#!
28;919;075
55;666;786
E!($ca'
371;443
2;473;468
O"&a! c+e%"a ,#& c#3&a&
1;062
?1;051B
C+e%"a! ,#& c#3&a& de I%/e&!#& SA
147;148
181;055
C+e%"a! ,#& c#3&a& c#(e&c$a'e! e% e1ec+c$F%
73;606
74;998
8&e/$!$F% #"&a! c+e%"a! ,#& c#3&a&
?402;520B
?410;861B
29;109;814
57;984;395
NOTA 8 % INVENTARIOS
2010
2009
?Ree:,&e!ad#B
B!
B!
Ma"e&$a! ,&$(a!
50356198
17427664
8&#dc+"#! e% ,&#ce!#
26718209
14803609
8&#d+c"#! "e&($%ad#!
4741671
12346372
Ma"e&$a'e! * !+($%$!"&#! de #,e&ac$F%; &e,+e!"#!
41750950
43091408
8&e/$!$F% ,a&a #3!#'e!ce%c$a de $%/e%"a&$#!
?3726661B
?2170732B
119840367
85498321
A' 31 de (a&)# de 2010 'a "a!a de &e%d$($e%"# ,&#(ed$# de e!"a! $%/e&!$#%e! /a&6a e%"&e 1V * 5V a%+a'
?2009; 4V a 15V a%+a'B
NOTA 5 % CUENTAS POR CO(RAR
COMERCIALES
2010 2009
?Ree:,&e!ad#B Corrie!te B!
B! C+e%"a! ,#& c#3&a& c#(e&c$a'e! E c#&"# ,'a)# 708;250 1;068;678 De+d#&e! ,#& /e%"a! E
c#&"# ,'a)# 43;837;305 41;454;011
44;545;555 42;522;689 8&e/$!$0% ,a&a
$%c#3&a3'e! ?11;510;016B ?10;799;172B T#"a'e! 33;035;539 31;723;517
No Corrie!te
C+e%"a! ,#& c#3&a& c#(e&c$a'e! E 'a&-# ,'a)# 618;511 631;328 T#"a'e! 618;511 631;328
ffd8ffe000104a4649460
0010201006400640000ff
e20c584943435f50524f4
6494c4500010100000c48
4c696e6f021000006d6e7
4725247422058595a200
7ce000200090006003100
00616373704d53465400
00000049454320735247
42000000000000000000
0000000000f6d60001000
00000d32d48502020000
00000000000000000000
00000000000000000000
00000000000000000000
00000000000000000000
00000000000116370727
40000015000000033646
57363000001840000006c
77747074000001f000000
01462637074000002040
00000147258595a00000
218000000146758595a0
000022c00000014625859
5a000002400000001464
6d6e6400000254000000
70646d6464000002c4000
00088767565640000034c
00000086766965770000
03d4000000246c756d690
00003f8000000146d6561
730000040c00000024746
56368000004300000000c
725452430000043c00000
80c675452430000043c00
00080c625452430000043
c0000080c746578740000
0000436f7079726967687
42028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e79000064657363000
00000000000127352474
22049454336313936362
d322e310000000000000
00000000012735247422
049454336313936362d3
22e31000000000000000
00000000000000000000
0000000000000000000
NOTA 7 % OTRAS CUENTAS POR CO(RAR
2010
2009
?Ree:,&e!ad#B
B!
B!
Corrie!te
Rec'a(#! a' !e-+&#
13;515
338;041
A%"$c$,# ,&#/eed#&e!
13;227;296
30;535;378
C+e%"a! c#% e' ,e&!#%a'
5;766;155
5;882;910
C+e%"a! ,#& c#3&a& /a&$a! MLN
705;175
1;418;680
C+e%"a! ,#& c#3&a& /a&$a! MLE
356;346
347;607
O"&#!
5;965;788
5;397;595
8&e/$!$F% #"&a! c+e%"a! ,#& c#3&a&
?1;091;514B
?1;114;133B
24;942;761
42;806;078
No corrie!te
A%"$c$,# ,a&a c#(,&a de ac"$/#! f$1#!
28;919;075
55;666;786
E!($ca'
371;443
2;473;468
O"&a! c+e%"a ,#& c#3&a&
1;062
?1;051B
C+e%"a! ,#& c#3&a& de I%/e&!#& SA
147;148
181;055
C+e%"a! ,#& c#3&a& c#(e&c$a'e! e% e1ec+c$F%
73;606
74;998
8&e/$!$F% #"&a! c+e%"a! ,#& c#3&a&
?402;520B
?410;861B
29;109;814
57;984;395
NOTA 8 % INVENTARIOS
2010
2009
?Ree:,&e!ad#B
B!
B!
Ma"e&$a! ,&$(a!
50356198
17427664
8&#dc+"#! e% ,&#ce!#
26718209
14803609
8&#d+c"#! "e&($%ad#!
4741671
12346372
Ma"e&$a'e! * !+($%$!"&#! de #,e&ac$F%; &e,+e!"#!
41750950
43091408
8&e/$!$F% ,a&a #3!#'e!ce%c$a de $%/e%"a&$#!
?3726661B
?2170732B
119840367
85498321
NOTA : % CAR;OS DI<ERIDOS
Va'#& de c#!"# ac"+a'$)ad# B!
2010 A(#&"$)ac$F% ac+(+'ada B!
Va'#& %e"# B!
2009 ?Ree:,&e!ad#B Va'#& %e"# B!
L$ce%c$a S#f"Ua&e 8&#*e"# FANCESA E O"&#! c#!"#! Ce&"$f$cac$F% ISOS O"&#! (e%#&e!
14858498 11243715 8757254 15073878
?12347128B ?8645123B ?8775844B ?11366256B
2511370 2598592 1410 3707622
3221468 3874549 37974 6000249
49933345
?41114351B
8818994
13134240
ffd8ffe000104a4649
46000102010064006
40000ffe20c5849434
35f50524f46494c450
0010100000c484c69
6e6f021000006d6e74
725247422058595a2
007ce000200090006
00310000616373704
d5346540000000049
45432073524742000
00000000000000000
00000000f6d6000100
000000d32d4850202
00000000000000000
00000000000000000
00000000000000000
00000000000000000
00000000000000000
00000000001163707
27400000150000000
33646573630000018
40000006c77747074
000001f00000001462
63707400000204000
000147258595a0000
02180000001467585
95a0000022c000000
146258595a0000024
000000014646d6e64
00000254000000706
46d6464000002c400
00008876756564000
0034c000000867669
6577000003d400000
0246c756d69000003f
8000000146d656173
0000040c000000247
46563680000043000
00000c72545243000
0043c0000080c6754
52430000043c00000
80c62545243000004
3c0000080c7465787
400000000436f70797
26967687420286329
20313939382048657
76c6574742d506163
6361726420436f6d70
616e7900006465736
30000000000000012
73524742204945433
6313936362d322e31
00000000000000000
00000127352474220
49454336313936362
d322e310000000000
00000000000000000
00000000000000000
NOTA = % ;ASTOS PA;ADOS POR
ANTICIPADO
2010 2009
?Ree:,&e!ad#B B! B!
A%"$c$,# /a&$#! $(,+e!"#! 64769166 53993265 Se-+&#! ,a-ad#! ,#& a%"$c$,ad# 3500121
2236353 Aa!"#! ,a-ad#! ,#& a%"$c$,ad# 516013 885347
68785300 57114965
NOTA > % INVERSIONES
PERMANENTES
2010 2009 V de ?Ree:,&e!ad#B
8a&"$c$,ac$0% B! B!
F>3&$ca Nac$#%a' de Ce(e%"# SA ?FANCESAB 33;34 289266933 271624842 E!,ec$a'$!"a!
e% M$%e&a'e! Ca'$)#! SA ?ESMICALB 99;50 23949586 5937771 E:,'#&ad#&a de M$%e&a'e!
Ca'c>&e#! L"da ?ERMICALB 99;00 8715081 8918224 C#(,a7$a I%"e-&a' de C#%!$-%ac$#%e!
* Se&/$c$#! ?CISB 99;50 38830 38830 Ba%c# BISA SA 373258 373258 C+#"a! e%
C##,e&a"$/a! "e'ef0%$ca! 719404 734312 O"&#! 852061 852058
323915153 288479295
L#! e!"ad#! f$%a%c$e&#! $%d$/$d+a'e! de S#c$edad B#'$/$a%a de Ce(e%"# SA; <a% !$d# ,&e,a&ad#!
,a&a c+(,'$& c#% 'a! d$!,#!$c$#%e! 'e-a'e! a 'a! =+e e!"> !+1e"a 'a S#c$edad c#(# e%"e
$%de,e%d$e%"e 8#& '# "a%"#; %# $%c'+*e% 'a c#%!#'$dac$0% de '#! e!"ad#! f$%a%c$e&#! de a=+e''a!
e(,&e!a! !+3!$d$a&$a! de 'a S#c$edad; c#% 'a! c+a'e! c#&&e!,#%de&6a c#%!#'$da&M d$c<a! $%/e&!$#%e!
!e ,&e!e%"a% /a'+ada! a !+ /a'#& ,a"&$(#%$a' ,&#,#&c$#%a' 8a&a e/a'+a& 'a !$"+ac$0% f$%a%c$e&a * '#!
&e!+'"ad#! de 'a! #,e&ac$#%e! c#%!#'$dada! de 'a e%"$dad ec#%0($ca =+e c#%f#&(a% 'a S#c$edad; *
!+! e(,&e!a! !+3!$d$a&$a!; !e de3e &ec+&&$& a e!"ad#! f$%a%c$e&#! c#%!#'$dad#! ,&e,a&ad#! !e-K% 'a
N#&(a de C#%"a3$'$dad ND 8 de' C#'e-$# de A+d$"#&e! de B#'$/$a
Va'#& de c#!"# ac"+a'$)ad# B!
2010 A(#&"$)ac$F% ac+(+'ada B!
Va'#& %e"# B!
2009 ?Ree:,&e!ad#B Va'#& %e"# B!
Va'#& ''a/e FANCESA Va'#& ''a/eREADH MIR
139603918 14915104
?73292057B ?14730152B
66311861 184952
73292057 1240944
154519022
?88022209B
66496813
74533001
ffd8ffe000104a4649
46000102010064006
40000ffe20c5849434
35f50524f46494c450
0010100000c484c69
6e6f021000006d6e74
725247422058595a2
007ce000200090006
00310000616373704
d5346540000000049
45432073524742000
00000000000000000
00000000f6d6000100
000000d32d4850202
00000000000000000
00000000000000000
00000000000000000
00000000000000000
00000000000000000
00000000001163707
27400000150000000
33646573630000018
40000006c77747074
000001f00000001462
63707400000204000
000147258595a0000
02180000001467585
95a0000022c000000
146258595a0000024
000000014646d6e64
00000254000000706
46d6464000002c400
00008876756564000
0034c000000867669
6577000003d400000
0246c756d69000003f
8000000146d656173
0000040c000000247
46563680000043000
00000c72545243000
0043c0000080c6754
52430000043c00000
80c62545243000004
3c0000080c7465787
400000000436f70797
26967687420286329
20313939382048657
76c6574742d506163
6361726420436f6d70
616e7900006465736
30000000000000012
73524742204945433
6313936362d322e31
00000000000000000
00000127352474220
49454336313936362
d322e310000000000
00000000000000000
00000000000000000
NOTA $? % VALOR
LLAVE
La! a(#&"$)ac$#%e! de '#! e1e&c$c$#! "e&($%ad#! e' 31 de (a&)# de 2010 * 2009 de ca&-#! d$fe&$d#! *
/a'#& ''a/e a!c$e%de% a B!10896475 * B!11904404 ?&ee:,&e!ad#B; &e!,ec"$/a(e%"e
NOTA $$ % ACTIVOS
<I)OS
2010 2009 Va'#& ?Ree:,&e!ad#B #&$-$%a'e!
De,&ec$ac$#%e! Va'#&e! Va'#&e! ac"+a'$)ad#
Ac+(+'ada Re!$d+a'e! Re!$d+a'e! B! B! B! B!
Ma=+$%a&$a * e=+$,# 1091651204 ?454322143B 637329061 681710448 I%!"a'ac$#%e!
154414546 ?100221671B 54192875 59895109 Te&&e%#! 47207694 E47207694
45973630 Re"&a"#! * #3&a! de a&"e 100332 E100332 100332 Ed$f$c$#! 140796705
?48534738B 92261967 92292086 Ve<6c+'#! 103803173 ?58151850B 45651323
35968588 M+e3'e! * e=+$,#! de #f$c$%a 21995786 ?15868047B 6127739 6031922
E=+$,#! de c#(,+"ac$0% 18522661 ?15221347B 3301314 2695171 Re,+e!"#! 42052655
E42052655 44712631 Re,+e!"#! * e=+$,#! de "&>%!$"# 27911 E27911 6600 O3&a! e%
c#%!"&+cc$0% 194827907 E194827907 10601969 C#%ce!$#%e! ($%e&a! 12573621
?1047335B 11526286 11762014
1827974195 ?693367131B 1134607064 991750500
La de,&ec$ac$0% de '#! e1e&c$c$#! "e&($%ad#! a' 31 de (a&)# de 2010 * 2009 a!c$e%de% a
B!71562338 * B!56001641 ?&ee:,&e!ad#B; &e!,ec"$/a(e%"e
ffd8ffe000104a46494600
010201006400640000ffe2
0c584943435f50524f4649
4c4500010100000c484c6
96e6f021000006d6e7472
5247422058595a2007ce0
002000900060031000061
6373704d5346540000000
049454320735247420000
000000000000000000000
000f6d6000100000000d3
2d4850202000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000001
163707274000001500000
003364657363000001840
000006c77747074000001
f00000001462637074000
00204000000147258595a
000002180000001467585
95a0000022c0000001462
58595a000002400000001
4646d6e64000002540000
0070646d6464000002c40
000008876756564000003
4c0000008676696577000
003d4000000246c756d69
000003f8000000146d656
1730000040c0000002474
656368000004300000000
c725452430000043c0000
080c675452430000043c0
000080c62545243000004
3c0000080c74657874000
00000436f707972696768
742028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e790000646573630000
000000000012735247422
049454336313936362d32
2e3100000000000000000
000001273524742204945
4336313936362d322e310
000000000000000000000
000000000000000000000
00000000000
NOTA $* % DEUDAS
COMERCIALES
2010 2009
?Ree:,&e!ad#B B! B!
8&#/eed#&e! '#ca'e! 63242791 58525530 8&#/eed#&e! de' e:"e&$#& 2967562 2441957
F'e"e! ,#& ,a-a& 7864212 7344296 A%"$c$,#! &ec$3$d#! ,#& c#%"&a"#! de c#%!"&+cc$0% ?N#"a
15B 896284 15958261 Ac&eed#&e! /a&$#! 24019614 12964686 De,0!$"#! * c#3&a%)a! ,#&
ade'a%"#! E624073 C<e=+e! &e/e&"$d#! 846281 307510 O"&#! 2863351 5087641
102700095 103253954
NOTA $/ % DEUDAS (ANCARIAS '
<INANCIERAS
*?$? *??: Porci-! Porci-! Porci-!
Porci-! Corrie!te !o corrie!te Corrie!te
!o corrie!te (s (s (s (s
(ANCO ;ANADERO S.A. Pr6sta"os N@ $??/8$8 EE1127580 16913698 T#"a' 8&.!"a(#!
?4S5BI 2500000 Fec<a I%$c$a'I 27L08L2007 Fec<a Ve%c$($e%"#I 05L07L2017 Ta!a de I%"e&e!
TRE W 5;20V
Pr6sta"os N@ $??/>?5 EE9023190 T#"a' 8&.!"a(#! ?B!B 9000000 Fec<a
I%$c$a'I 10L06L2008 Fec<a Ve%c$($e%"#I 05L07L2009 Ta!a de I%"e&e! 8;30V
Pr6sta"os N@ $??5?/: E41820000 ET#"a' 8&.!"a(#! ?B!B 41820000 Fec<a
I%$c$a'I 02L07L2009 Fec<a Ve%c$($e%"#I 02L07L2017 Ta!a de I%"e&e! TRE W 4;75V
(ANCO (ISA S.A. Pr6sta"os N@ /:?7/$ 5554996 24997504 5670116 31185636
T#"a' 8&.!"a(#! ?4S5BI 5500000 Fec<a I%$c$a'I 05L07L2006 Fec<a Ve%c$($e%"#I 05L07L2015
Ta!a de I%"e&e! TRE W 5V
Pr6sta"os N@ $??$/$? EE1443302 2164953 T#"a' 8&.!"a(#! ?4S5BI 5650000 Fec<a
I%$c$a'I 24L08L2000 Fec<a Ve%c$($e%"#I 20L04L2011 Ta!a de I%"e&e! TRE W 6V
ffd8ffe000104a46494600
010201006400640000ffe2
0c584943435f50524f4649
4c4500010100000c484c6
96e6f021000006d6e7472
5247422058595a2007ce0
002000900060031000061
6373704d5346540000000
049454320735247420000
000000000000000000000
000f6d6000100000000d3
2d4850202000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000001
163707274000001500000
003364657363000001840
000006c77747074000001
f00000001462637074000
00204000000147258595a
000002180000001467585
95a0000022c0000001462
58595a000002400000001
4646d6e64000002540000
0070646d6464000002c40
000008876756564000003
4c0000008676696577000
003d4000000246c756d69
000003f8000000146d656
1730000040c0000002474
656368000004300000000
c725452430000043c0000
080c675452430000043c0
000080c62545243000004
3c0000080c74657874000
00000436f707972696768
742028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e790000646573630000
000000000012735247422
049454336313936362d32
2e3100000000000000000
000001273524742204945
4336313936362d322e310
000000000000000000000
000000000000000000000
00000000000
*?$? *??: Porci-! Porci-! Porci-!
Porci-! Corrie!te !o corrie!te Corrie!te
!o corrie!te
(s (s (s (s Pr6sta"os N@ 5=5777
EE7655422 T#"a' 8&.!"a(#! ?B!B 12600000 Fec<a I%$c$a'I 30L06L2008 Fec<a
Ve%c$($e%"#I 05L07L2009 Ta!a de I%"e&e! 9;20V
Pr6sta"os N@ 5:$$$> EE298521 T#"a' 8&.!"a(#! ?B!B 292460 Fec<a I%$c$a'I
12L11L2008 Fec<a Ve%c$($e%"#I 11L05L2009 Ta!a de I%"e&e! 7;11V
Pr6sta"os N@ 5:$57/ EE422909 T#"a' 8&.!"a(#! ?B!B 414323 Fec<a I%$c$a'I
14L11L2008 Fec<a Ve%c$($e%"#I 13L05L2009 Ta!a de I%"e&.! 6;52V
Pr6sta"os N@ 5:=>$$ EE647886 T#"a' 8&.!"a(#! ?4S5B 634733 Fec<a I%$c$a'I
12L01L2009 Fec<a Ve%c$($e%"#I 11L07L2009 Ta!a de I%"e&.! 9;21V
(ANCO MERCANTIL Pr6sta"os N@ 8?8??*=7:$ 6363000 34996500 6494860
42216588 T#"a' 8&.!"a(#! ?4S5BI 9000000 Fec<a I%$c$a'I 05L07L2006 Fec<a Ve%c$($e%"#I
13L05L2016 Ta!a de I%"e&e! TRE W 5V
Pr6sta"os N@ 8?$?:/??88 E24395000 ET#"a' 8&.!"a(#! ?B!B 24395000
Fec<a I%$c$a'I 30L10L2009 Fec<a Ve%c$($e%"#I 18L09L2017 Ta!a de I%"e&.! 6;00V
(ANCO NACIONAL DE (OLIVIA S.A. Pr6sta"os N@ $?$?/7/$ EE676548 10143027 T#"a'
8&.!"a(#! ?4S5BI 1500000 Fec<a I%$c$a'I 27L08L2007 Fec<a Ve%c$($e%"#I 05L07L2017 Ta!a de
I%"e&e! TRE W 5;2V
Pr6sta"os N@ $?$?*?>5 5891667 20620833 6013763 27061910 T#"a' 8&.!"a(#!
?4S5BI 5000000 Fec<a I%$c$a'I 04L07L2006 Fec<a Ve%c$($e%"#I 23L05L2014 Ta!a de I%"e&.!
TRE W 5V
ffd8ffe000104a46494600
010201006400640000ffe2
0c584943435f50524f4649
4c4500010100000c484c6
96e6f021000006d6e7472
5247422058595a2007ce0
002000900060031000061
6373704d5346540000000
049454320735247420000
000000000000000000000
000f6d6000100000000d3
2d4850202000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000001
163707274000001500000
003364657363000001840
000006c77747074000001
f00000001462637074000
00204000000147258595a
000002180000001467585
95a0000022c0000001462
58595a000002400000001
4646d6e64000002540000
0070646d6464000002c40
000008876756564000003
4c0000008676696577000
003d4000000246c756d69
000003f8000000146d656
1730000040c0000002474
656368000004300000000
c725452430000043c0000
080c675452430000043c0
000080c62545243000004
3c0000080c74657874000
00000436f707972696768
742028632920313939382
04865776c6574742d5061
636361726420436f6d706
16e790000646573630000
000000000012735247422
049454336313936362d32
2e3100000000000000000
000001273524742204945
4336313936362d322e310
000000000000000000000
000000000000000000000
00000000000
Me(#&$a F$%a%c$e&a 2009
*?$? PorciA! PorciA! Corrie!te !o corrie!te (s (s
*??: PorciA! PorciA! Corrie!te !o corrie!te (s (s
PrAsta"os NA T#"a' 8&F!"a(#! ?4S5BI Fec<a I%$c$a'I Fec<a Ve%c$($e%"#I Ta!a de I%"e&e!
$?$?/$>/ 2500000 28L07L2008 23L07L2009 8;00V
E
E
2551807
E
PrAsta"os NA T#"a' 8&F!"a(#! ?B!B Fec<a I%$c$a'I Fec<a Ve%c$($e%"#I Ta!a de I%"e&e!
$?$?58// 10605000 27L11L2009 25L09L2021 4;75V W T&e
E
10605000
E
E
CA< PrAsta"os NA T#"a' 8&F!"a(#! ?4S5BI Fec<a I%$c$a'I Fec<a Ve%c$($e%"#I Ta!a de I%"e&e!
C<A??/5>: 25000000 16L08L2006 26L12L2014 L$3#& ?180B W 4;5V
14521780
120387960
12975286
137705458
PrAsta"os NA T#"a' 8&F!"a(#! ?4S5BI Fec<a I%$c$a'I Fec<a Ve%c$($e%"#I Ta!a de I%"e&e!
SO(OCE IVD $?*:: 130795000 22EMa&E04 19EFe3E10 8;500V
E
E
14433022
E
PrAsta"os NA T#"a' 8&F!"a(#! ?4S5BI Fec<a I%$c$a'I Fec<a Ve%c$($e%"#I Ta!a de I%"e&e!
S(C % $ % E$V % ?> 40000000 06EOc"E08 10EA-#E19 9;34V
E
282800000
E
264557286
PrAsta"os NA T#"a' 8&F!"a(#! ?B!B Fec<a I%$c$a'I Fec<a Ve%c$($e%"#I Ta!a de I%"e&e!
S(C % $ % N$V % ?: 70700000 27EN#/E09 30EMa&E10 9;050V
E
70700000
E
E
PA;ARAS PrAsta"os NA T#"a' 8&F!"a(#! ?B!BI Fec<a I%$c$a'I Fec<a Ve%c$($e%"#I Ta!a de I%"e&e!
S(C % P($ % N$V 21000000 15L09L2009 10L09L2010 3;750V
21000000
E
E
E
INTERESES I%"e&e!e! * c#($!$#%e! ,#& ,a-a&
7571189
19882073
TOTAL
8?.:?*.8/*
8/$./**.=:=
>:./$8.*>7
7/$.:5>.778
ffd8ffe000104a4649
46000102010064006
40000ffe20c5849434
35f50524f46494c450
0010100000c484c69
6e6f021000006d6e74
725247422058595a2
007ce000200090006
00310000616373704
d5346540000000049
45432073524742000
00000000000000000
00000000f6d6000100
000000d32d4850202
00000000000000000
00000000000000000
00000000000000000
00000000000000000
00000000000000000
00000000001163707
27400000150000000
33646573630000018
40000006c77747074
000001f00000001462
63707400000204000
000147258595a0000
02180000001467585
95a0000022c000000
146258595a0000024
000000014646d6e64
00000254000000706
46d6464000002c400
00008876756564000
0034c000000867669
6577000003d400000
0246c756d69000003f
8000000146d656173
0000040c000000247
46563680000043000
00000c72545243000
0043c0000080c6754
52430000043c00000
80c62545243000004
3c0000080c7465787
400000000436f70797
26967687420286329
20313939382048657
76c6574742d506163
6361726420436f6d70
616e7900006465736
30000000000000012
73524742204945433
6313936362d322e31
00000000000000000
00000127352474220
49454336313936362
d322e310000000000
00000000000000000
00000000000000000
(o!os e"itios
% E"isi-! e +o!os So+oce
IV
E% fec<a 22 de (a&)# de 2004; SOBOCE &ea'$)0 'a e($!$0% de 3#%#! SOBOCE IV ,#& +% "#"a' de
4S5 35000000 de!"$%ad#! a' &eca(3$# de ,a!$/#! L#! !a'd#! de d$c<a e($!$0% a' 31 de (a&)#
de 2010 * 2009 !#% '#! !$-+$e%"e!I
A, /$ e "ar3o e *?$?
Se&$e 8'a)# e% (e!e! Ve%c$($e%"# Ta!a V M#%"# M#%"# 4S5 B! ?XB
D 72 Fe3&e&# 19; 2010 8;50 E
A, /$ e "ar3o e *??:
Se&$e 8'a)# e% (e!e! Ve%c$($e%"# Ta!a V M#%"# M#%"# 4S5 B! ?XB
D 72 Fe3&e&# 19; 2010 8;50 2000000 14140000
?XBB#'$/$a%#! c#%/e&"$d#! a' "$,# de ca(3$# B! 7;07 ,#&
cada 4S5 1
% E"isi-! e +o!os So+oce V e"isi-! $ B * A, /$ e "ar3o e *?$? E% fec<a 23 de a3&$'
de 2007; (ed$a%"e Ac"a de @+%"a de acc$#%$!"a! !e a,&#30 'a e($!$0% de' ,&#-&a(a de E($!$0% de
B#%#!
V E' (#%"# "#"a' de' ,&#-&a(a a'ca%)a a 4S5
50000000
A' 31 de (a&)# de 2010; de%"&# de' 8&#-&a(a E($!$0% de B#%#! S#3#ce V E!e <a &ea'$)ad# 'a
e($!$0% de 3#%#! S#3#ce V e($!$0% 1 ,#& +% "#"a' de 4S5 40000000 * e($!$0% 2 ,#& +% "#"a'
de B! 70700000 L#! !a'd#! de e!"a! e($!$#%e! a' 31 de (a&)# de 2010 * 2009; !#% '#!
!$-+$e%"e!I
8'a)# e% (e!e! Ve%c$($e%"# Ta!a V M#%"# M#%"# 4S5 B! ?XB
132 A-#!"# 10; 2019 9;34 40000000 282800000 132 Se,"$e(3&e
30; 2020 9;05 10000000 70700000
?XB B#'$/$a%#! c#%/e&"$d#! a' "$,# de ca(3$# B! 7;07 ,#&
cada 4S5 1
A, /$ e "ar3o e *??:
E% #c"+3&e de 2008; de%"&# de' 8&#-&a(a E($!$0% de B#%#! S#3#ce V E!e <a &ea'$)ad# 'a
e($!$0% de 3#%#! S#3#ce V; E($!$0% 1 ,#& +% "#"a' de 4S5 40000000; <a3$.%d#!e c#'#cad#
<a!"a e' 31 de (a&)# de 2009 4S5 36660000
ffd8ffe000104a46494600
010201006400640000ffe2
0c584943435f50524f4649
4c4500010100000c484c6
96e6f021000006d6e7472
5247422058595a2007ce0
002000900060031000061
6373704d5346540000000
049454320735247420000
000000000000000000000
000f6d6000100000000d3
2d4850202000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000001
163707274000001500000
003364657363000001840
000006c77747074000001
f00000001462637074000
00204000000147258595a
000002180000001467585
95a0000022c0000001462
58595a000002400000001
4646d6e64000002540000
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3c0000080c74657874000
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742028632920313939382
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NOTA $5 % OTRAS ;ANANCIAS '
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UTILIDADES
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a 'a +"$'$dad %e"a; de"e&($%ada de ac+e&d# c#% ,&$%c$,$#! de c#%"a3$'$dad -e%e&a'(e%"e ace,"ad#!
e% B#'$/$a; c#% a'-+%#! a1+!"e! de"e&($%ad#! de ac+e&d# c#% 'a Le* T&$3+"a&$a * !+! dec&e"#!
&e-'a(e%"a&$#! De ac+e&d# c#% 'a 'e-$!'ac$0% /$-e%"e; e' I(,+e!"# a 'a! 4"$'$dade! de 'a! E(,&e!a!
?I4EB e! c#%!$de&ad# c#(# ,a-# a c+e%"a de' I(,+e!"# a 'a! T&a%!acc$#%e! ?ITB
La S#c$edad <a &e-$!"&ad# a' 31 de (a&)# de 2010 +%a ,&#/$!$0% ,a&a e' $(,+e!"# a 'a! +"$'$dade! ,#&
B!50598071 ?2009; B!56612838; &ee:,&e!ad#B; c#% ca&-# a 'a c+e%"a de ac"$/# de%#($%ada
a%"$c$,# $(,+e!"# a 'a! "&a%!acc$#%e! ,#& B!39539395 ?2009; B!34878172 &ee:,&e!ad#B * c#%
ca&-# a 'a c+e%"a de -a!"#; I(,+e!"# a 'a! 4"$'$dade! de 'a! E(,&e!a! ,#& B!11058676 ?2009;
21734666B NOTA ** %
CONTIN;ENCIAS
aB E' Se&/$c$# Nac$#%a' de 8a"&$(#%$# de' E!"ad# ?SENA8EB a "&a/.! de +% 1+$c$# c#ac"$/#; e!">
&ec'a(a%d# a S#c$edad B#'$/$a%a de Ce(e%"# SA e' ,a-# de 4S5 384000; e=+$/a'e%"e a
B!3110400 =+e !e-K% e!"a &e,a&"$c$0% de' A#3$e&%# B#'$/$a%# !+&-e% c#(# c#%!ec+e%c$a de +%
e&&#& e% 'a a,'$cac$0% de 'a! "a!a! '$3#&; +"$'$)ada! ,a&a e' c>'c+'# de $%"e&e!e!; d+&a%"e 'a /$-e%c$a de
'a de+da =+e SOBOCE (a%"e%6a c#% e' E:E Ba%c# de' E!"ad# SOBOCE %# <a &e-$!"&ad# %$%-+%a
,&e/$!$0% ,#& e' 1+$c$# (e%c$#%ad#; de3$d# a =+e c#%!$de&a =+e 'a de+da =+e (a%"e%6a c#% e' E:E
Ba%c# de' E!"ad# f+e "#"a'(e%"e ca%ce'ada * =+e c+e%"a c#% 'a! e!c&$"+&a! ,K3'$ca! de ca%ce'ac$0%
de de+da c#&&e!,#%d$e%"e! E' 1+$c$# c#ac"$/# f$!ca' <a "e%$d# &e!+'"ad# fa/#&a3'e a SOBOCE e% ,&$(e&a $%!"a%c$a La
Se%"e%c$a ND 019L02 dec'a&a ,&#3ada 'a e:ce,c$0% de ,a-# #,+e!"a ,#& SOBOCE * 'a e:c'+*e
de' ,&e!e%"e ,&#ce!# *; ,#& "a%"#; '$3e&a a 'a S#c$edad de "#da &e!,#%!a3$'$dad e% 'a ,&$(e&a
$%!"a%c$a
E' Se&/$c$# Nac$#%a' de 8a"&$(#%$# de' E!"ad# ?SENA8EB; a "&a/.! de +% 1+$c$# #&d$%a&$#; !#'$c$"0
'a %+'$dad de d#c+(e%"#! ,&e!e%"ad#! ,#& SOBOCE; e% &e'ac$0% a' ,&#ce!# 1+d$c$a' (e%c$#%ad#
a%"e&$#&(e%"e A 'a fec<a; e' ,&#ce!# !e e%c+e%"&a e% 'a e"a,a de $%$c$# de' ".&($%# de ,&+e3a
S$% e(3a&-#; a%"e 'a $%ac"$/$dad de' SENA8E e' e:,ed$e%"e !e e%c+e%"&a e% a&c<$/#
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ffd8ffe00010 4a4649460001 020100c800c8 0000ffe20c584 943435f50524 f46494c45000 10100000c484 c696e6f02100 0006d6e74725 247422058595 SOCIEDAD BOLIVIANA DE CEMENTO S.A. a2007ce00020 Estados Financieros al 31 de marzo de 2010 y 2009 009000600310 000616373704 CONTENIDO d53465400000 Dictamen de los auditores independientes Balance general Estado de ganancias y pérdidas 000494543207 Estado de evolución del patrimonio neto Estado de flujo 352474200000 de efectivo Notas a los estados financieros 000000000000 Bs = boliviano US$ = dólar estadounidense UFV = unidad 00000000000f de fomento a la vivienda 6d6000100000 000d32d48502 020000000000 ESTADOS 000000000000 FINANCIERO 000000000000 S 000000000000 000000000000 000000000000 000000000000 000000000000 011637072740

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