FINANCIAL STATEMENTS OF THE CENTRAL ADMINISTRATION
STATEMENT OF ORIGIN AND APPLICATION OF FUNDS
FOR THE TERM ENDED DECEMBER 31, 2000
- IN PESOS -

CASH AND OTHER MONETARY ASSETS AT BEGINNING OF PERIOD 2.913.368.676,61

ORIGIN OF FUNDS

ANNUAL FLOW -4.379.473.816,29
Management saving /disaving -4.998.809.695,00
Variations in forecasts and technical reserves 318.838.729,65
Amortizations of fiscal year 300.497.149,06
NET POSITION 583.443.350,16
Fiscal Capital increase 583.443.350,16
ASSETS VARIATION 4.004.273.478,16
Current Assets Decrease 422.890.636,99
Financial 403.263.276,11
Financial Investments 403.263.276,11
Real 19.627.360,88
Inventories and related property 19.627.360,88
Non Current Assets Decrease 3.581.382.841,17
Financial 3.580.486.054,72
Financial Investments 765.428.299,70
Credits 1.559.926.079,28
Capital Shares 1.255.131.675,74
Real 896.786,45
Intangibles 896.786,45
LIABILITIES VARIATIONS 4.577.780.559,62
Current Liabilities increase 3.307.167.812,74
Debt 3.229.030.832,68
Third Parties and Collateralized Funds 70.073.805,61
Deferred liabilities 8.063.174,45
Increase in non current liabilities 1.270.612.746,88
Other liabilities 1.270.612.746,88
TOTAL ORIGIN OF FUNDS       4.786.023.571,65

APPLICATION OF FUNDS

NET POSITION 393.825.518,94
Reduction of Capital and Results of previous fiscal years 393.825.518,94
ASSETS VARIATIONS 2.388.448.088,22
Increase of current assets 95.002.074,45
Financial 95.002.074,45
Credits 95.002.074,45
Increase of non current assets 2.293.446.013,77
Real 2.293.446.013,77
Property, plant and equipment 256.036.909,32
Other long term assets 2.037.409.104,45
LIABILITIES VARIATIONS 295.448.295,19
Decrease of current liabilities 84.924.300,73
Other liabilities 84.924.300,73
Decrease of non current liabilities 210.523.994,46
Debts 111.449.898,46
Long term deferred liabilities 99.074.096,00
TOTAL OF APPLICATION OF FUNDS 3.077.721.902,35
CASH AND OTHER MONETARY ASSETS BALANCE AT END OF PERIOD 4.621.670.345,91
The reclassifications and adjustments at the beginning carried out during fiscal year 2000 have been properly segregated, with the objective of presenting the Origin and Application of Funds of the Fiscal Year.
The accompanying Notes and Exhibits are an integral part of these Financial Statements.