Santiago, November 18, 2022
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
Av. Libertador Bernardo O’Higgins 1449
Present
Ref.: Accompany background of Coresa S.A. Containers, Networks and
Containers.
Dear Sir or Madam:
Attached hereto the economic and financial background for the division,
corresponding to the report on the objects of the division and its terms, and
conditions, the financial statement used for the Division, a report on the
Asset, liability and equity accounts, in addition to the Board of Directors’ report on
significant changes that have taken place after
Closure of the Division’s statement of financial position.
Jose Ignacio Arrate Donoso
General Manager
Coresa S.A. Containers, Nets and Containers
REPORT
In my capacity as General Manager and as mandated by the Board of Directors of
Coresa S.A., Containers, Networks and Containers (hereinafter indistinctly “Coresa”
SA”), I report the following:
1. Purpose, Terms and Conditions of the Division of Coresa S.A.:
In line with the permanent commitment of Coresa S.A. to strictly comply with
The legal and tax regulations, seeks to improve the efficiency and effectiveness in the allocation
of resources with respect to each line of business, separate risks, and evaluate and control
adequately the performance of each of them, leaving the assets in another entity
and investments unrelated to the company’s core business.
In view of the foregoing, it will be submitted to the consideration of the Shareholders’ Meeting to divide
Coresa S.A., Containers, Nets and Containers, and assign to the company that is born from the
Division: (i) Accounts receivable from current related entities amounting to
$4,239,775,153. (ii) Accounts receivable from related non-current entities, which
amount to $2,949,756,210. So it would be assigned to the society that is born of the
Division a total of assets amounting to $7,189,531,363. No liabilities will be assigned to
The new society.
It will correspond to the shareholders of Coresa S.A., Containers, Networks and
Packaging, the same proportion in the capital of the new company as that which
owned in the Company. Upon approval of the division, all shareholders of Coresa S.A.
shall be incorporated as of right, by virtue of Article 100 of the S.A. Law, as
shareholders of the new company in the proportion indicated above.
The division of Coresa S.A. into
Two companies, one that will subsist with the current name, and another anonymous
closed that will constitute with part of the patrimony of the company that is divided, with the
company name agreed by the Board. The Society will continue with the main turn of the
Company, that is, providing excellent solutions for protection and packaging
raw materials and products of agriculture and industry; and the society born from the
division, shall be constituted as a company the principal object of which shall be to purchase,
sell and invest in all types of property, movable or immovable, tangible and
incorporeal, administer them and perceive their fruits.
2. Financial statements used for the division.
CoresaS.A.
Containers
Nets & Packaging
Individual, not
Audited
(Before the split)
Ai 30.09.2022
$
ASSETS
CURRENT ASSETS
Cash and cash equivalents 3,244,961,073
Other non-financial assets, current 227,519,029
Trade receivables and other accounts receivable, current 2,169,011,743
Accounts receivable from related entities, current 4,962,573,556
Inventories 2,398,099,722
Tax assets, current 389,441,184
TOTAL CURRENT ASSETS 13,391,606,307
NON-CURRENT ASSETS
Other financial assets, non-current 13,501,731
Investments accounted for using the equity method (1,102,702,889)
Accounts receivable from related, non-current entities 3,360,710,368
Property, plant and equipment 3,438,872,550
Right-of-use assets 1,205,857,563
TOTAL NON-CURRENT ASSETS 6,916,239,323
TOTAL ASSETS 20,307,845,630
EQUITY AND LIABILITIES
CURRENT LIABILITIES
Other financial liabilities, current
Current lease liabilities
Business and other accounts payable, current
Other provisions, current
Tax liabilities, current
Provisions for employee benefits, current
TOTAL CURRENT LIABILITIES
NON-CURRENT LIABILITIES
Other financial liabilities, non-current
Lease liabilities, non-current
Deferred tax liability
Provisions for employee benefits, not current
TOTAL CURRENT LIABILITIES
TOTAL LIABILITIES
HERITAGE
Issued capital
Accrued profits
Other bookings
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY
Coresa S.A.
Containers
Nets & Packaging
Individual, not
Audited
(Before the split)
As of 30.09.2022
Ss
721.301.756
838.671.420
1.059.533.733
100.878.898
586.824.404
355.427.116
3.662.637.327
781.757.407
737.919.401
402.531.851
398.618.292
2.320.826.951
5.933.464.278
13.909.725.908
424.263.959
(9.608.515)
14.324.381.352
20.307.845.630
3. Asset and equity accounts.
ASSETS:
CURRENT ASSETS
Accounts receivable from related entities
Company name Currency
Soltex S.A. CLP
Soltex S.A. UF
Soltex S.A. US$
Redes, Telas y Plásticos Argentina S.A. CLP
Total Current Assets Allocated to the “New Company”
NON-CURRENT ASSETS
Accounts receivable from related entities
Company name Currency
Soltex S.A. UF
Redes, Telas y Plásticos Argentina S.A. CLP
Total Non-Current Assets Allocated to the “New Company”
TOTAL ASSETS ALLOCATED TO THE “NEW COMPANY”
Amount $
385.903.778
3.332.203.822
443.294.095
78.373.458
4.239.775.153
Amount $
2.859.487.524
90.268.686
2.949.756.210
7.189.531.363
úÚ-_-_—
PATRIMONY:
Corsa S.A. Seoresa 5. To.
Containers, Containers, or
Detail Networks and Packaging Networks and Packaging New Company
(before division) legal continuator)
$5 5
Issued capital 13,909,725,908 6,932,993,568 5,976,732,340
Accumulated profits 424,263,959 211,454,936 212,799,023
Other reserves (9,608,515) (9,608,515) –
QTAL EQUITY 14,324,381,352 7,134,849,989 7,189,531,363
Percentages of assigned equity 100,000% 49.8091318129% 50.1908681871%
4. It is reported that, after the closure of the state of the situation
financial division, there are no significant changes that have
taken place.
Santiago, Chile, November 17, 2022.
HIM
se <3osé TEñacio Arrate Donoso
General Manager
Coresa S.A. Containers, Nets and Containers
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=fafc8c3e732ea7e299fe2e1c570a5445VFdwQmVVMXFSWGhOUkZGNlQxUnJNRTVuUFQwPQ==&secuencia=-1&t=1682376108
