MIRA INFORM REPORT
|
Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
Samsung C&T |
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|
|
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Formerly Known As : |
Samsung Corporation |
|
|
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Registered Office : |
1321-20, Seocho-2Dong, Seocho-Gu, Seoul, 137-956 |
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|
Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
|
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Date of Incorporation : |
11.01.1952 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Construction Services |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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|
Payment
Behaviour : |
No Complaints |
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Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Samsung C&T
1321-20, Seocho-2Dong
Seocho-Gu
Seoul, 137-956
Korea, Republic of
Tel: 82-2-21452114
Fax: 82-2-21452188
Web: www.samsungcnt.com
synthesis
Employees: 6,526
Company Type: Public Parent
Corporate Family: 72
Companies
Traded: Korea
Stock Exchange: 000830
Incorporation Date: 11-Jan-1952
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: South
Korean Won
Annual Sales: 19,757.8 1
Net Income: 405.3
Total Assets: 17,534.0 2
Market Value: 10,503.5
(26-Aug-2011)
Business Description
Samsung C&T
Corporation, is a Korea-based company engaged in the construction and trading
business. It operates its business under two divisions. Its construction
business division is engaged in the construction works, such as commercial and
industrial building construction; civil engineering works, including
construction of subways, roads, bridges, harbors, airports and large-scale
reclamation projects; plant buildings, covering nuclear power plants, coal
fired power plants, energy storages and transmission facilities, petrochemical
plants, industrial facilities and environmental facilities, as well as housing
development and other related services. Its trading business division involves
in international trading of chemicals, steel products, electronic materials,
textiles and others products, as well as overseas resource development projects
such as Balkhash power plant project, Indonesia bio-diesel palm plantation
project and Mexico Manzanillo LNG receiving terminal project. For the three
months ended 31 March 2011, Samsung C&T's total revenues increased 19% to
W4.696T. The Company's net income applicable to Common Stock decreased 43% to
W137.23B. Revenues reflect increased income from trading business. Net income
for this period was offset by decreased interest income, increased losses on
foreign currency translation and increased losses on foreign currency
transactions.
Industry
Industry Construction Services
ANZSIC 2006: 3020 -
Non-Residential Building Construction
NACE 2002: 4521 - General
construction of buildings and civil engineering works
NAICS 2002: 23621 - Industrial
Building Construction
UK SIC 2003: 45212 -
Construction of domestic buildings
US SIC 1987: 1541 - General
Contractors-Industrial Buildings and Warehouses
Key Executives
|
Name |
Title |
|
Hyeon Wu Jung |
Managing Director |
|
Chung Gi Jang |
President |
|
Jin Gu Kim |
Vice President |
|
Sang Dae Lee |
President & Chief Executive Officer |
|
Ki Cheol Jeong |
Chief Financial Officer & Head of Strategic Planning |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Litigation |
3 |
Samsung C&T Announces Lawsuit Filed by seoul guarantee insurance
company and 14 Other Financial Institutes |
3-Mar-2011 |
|
Mergers & Acquisitions |
1 |
Samsung C&T Eyes Buying Apollo's Parallel Petroleum-Reuters |
22-Aug-2011 |
|
Officer Changes |
1 |
Samsung C&T Announces Change Of Chief Executive Officer |
18-Mar-2011 |
|
Strategic Combinations |
2 |
Samsung Life Insurance Co Ltd to Establish JV in China |
15-Jul-2011 |
|
Business Deals |
1 |
Samsung C&T Signs Contract with Land Transport Authority |
29-Aug-2011 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
'Moldcell
offers Samsung Galaxy S II' |
5-Sep-2011 |
|
'M:tel
offers Samsung Galaxy S II from EUR 229' |
5-Sep-2011 |
|
'Carphone
Warehouse unveils 'back to school' promotions' |
5-Sep-2011 |
|
'Samsung
pulls Galaxy Tab 7.7 from Ifa show after injunction' |
5-Sep-2011 |
|
'M:tel
introduces Galaxy Tab offers' |
5-Sep-2011 |
Financial Summary
As
of 31-Mar-2011
|
Key Ratios |
Company |
Industry |
|
Current Ratio (MRQ) |
1.08 |
|
|
Quick Ratio (MRQ) |
0.90 |
|
|
Debt to Equity (MRQ) |
0.32 |
|
|
Sales 5 Year Growth |
8.09 |
11.33 |
Stock Snapshot
|
|
1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1156.282
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1134.9
Corporate Overview
Location
1321-20, Seocho-2Dong
Seocho-Gu
Seoul, 137-956
Korea, Republic of
Tel: 82-2-21452114
Fax: 82-2-21452188
Web: www.samsungcnt.com
Quote Symbol - Exchange
000830 - Korea
Stock Exchange
Sales KRW(mil): 22,845,622.0
Assets KRW(mil): 19,899,374.0
Employees: 6,526
Fiscal Year End: 31-Dec-2010
Industry: Construction
Services
Incorporation Date: 11-Jan-1952
Company Type: Public
Parent
Quoted Status: Quoted
Previous Name: Samsung
Corporation
Managing Director: Hyeon Wu
Jung
Company Web Links
· Corporate History/Profile
· Employment Opportunities
· Financial Information
· Home Page
· Investor Relations
· News Releases
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3109 - Other Heavy and Civil Engineering Construction
3322 - Metal and Mineral Wholesaling
3101 - Road and Bridge Construction
3323 - Industrial and Agricultural Chemical Product Wholesaling
3019 - Other Residential Building Construction
3711 - Textile Product Wholesaling
3494 - Other Electrical and Electronic Goods Wholesaling
3020 - Non-Residential Building Construction
NACE 2002 Codes:
4523 - Construction of motorways, roads, railways, airfields and
sports facilities
5141 - Wholesale of textiles
5152 - Wholesale of metals and ores
5143 - Wholesale of electrical household appliances and radio and
television goods
4521 - General construction of buildings and civil engineering
works
5155 - Wholesale of chemical products
NAICS 2002 Codes:
23621 - Industrial Building Construction
237310 - Highway, Street, and Bridge Construction
236116 - New Multifamily Housing Construction (except Operative
Builders)
424690 - Other Chemical and Allied Products Merchant Wholesalers
237990 - Other Heavy and Civil Engineering Construction
423620 - Electrical and Electronic Appliance, Television, and Radio
Set Merchant Wholesalers
423510 - Metal Service Centers and Other Metal Merchant Wholesalers
424310 - Piece Goods, Notions, and Other Dry Goods Merchant
Wholesalers
US SIC 1987:
5131 - Piece Goods, Notions, and Other Dry Good
1522 - General Contractors-Residential Buildings, Other Than
Single-Family
5169 - Chemicals and Allied Products, Not Elsewhere Classified
1541 - General Contractors-Industrial Buildings and Warehouses
5064 - Electrical Appliances, Television and Radio Sets
1611 - Highway and Street Construction, Except Elevated Highways
1629 - Heavy Construction, Not Elsewhere Classified
1622 - Bridge, Tunnel, and Elevated Highway Construction
5051 - Metals Service Centers and Offices
UK SIC 2003:
45212 - Construction of domestic buildings
5155 - Wholesale of chemical products
45213 - Construction of civil engineering constructions
5152 - Wholesale of metals and ores
5141 - Wholesale of textiles
4523 - Construction of motorways, roads, railways, airfields and
sports facilities
5143 - Wholesale of electrical household appliances and radio and
television goods
Business
Description
Samsung C&T
Corporation, is a Korea-based company engaged in the construction and trading
business. It operates its business under two divisions. Its construction
business division is engaged in the construction works, such as commercial and
industrial building construction; civil engineering works, including
construction of subways, roads, bridges, harbors, airports and large-scale
reclamation projects; plant buildings, covering nuclear power plants, coal fired
power plants, energy storages and transmission facilities, petrochemical
plants, industrial facilities and environmental facilities, as well as housing
development and other related services. Its trading business division involves
in international trading of chemicals, steel products, electronic materials,
textiles and others products, as well as overseas resource development projects
such as Balkhash power plant project, Indonesia bio-diesel palm plantation
project and Mexico Manzanillo LNG receiving terminal project. For the three
months ended 31 March 2011, Samsung C&T's total revenues increased 19% to
W4.696T. The Company's net income applicable to Common Stock decreased 43% to
W137.23B. Revenues reflect increased income from trading business. Net income
for this period was offset by decreased interest income, increased losses on
foreign currency translation and increased losses on foreign currency
transactions.
More Business
Descriptions
Engaged in the
construction and engineering business in global markets since its merger with
Samsung
Engineering &
Construction Co., Ltd. in 1995, then an associated company. The Company is a
part of the Samsung Group of companies.
Other Heavy and Civil Engineering Construction
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 72 |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Seoul |
Korea, Republic of |
Construction Services |
19,757.8 |
6,526 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
|
206,000 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Water Transportation |
11,320.6 |
13,204 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Computer Services |
|
4,600 |
|
|
Subsidiary |
Changwon-Si, Gyeongsangnam-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
101.6 |
287 |
|
|
Subsidiary |
Athens |
Greece |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Retail (Specialty) |
4,696.9 |
12,300 |
|
|
Subsidiary |
Seongnam-si, Gyeonggi-do |
Korea, Republic of |
Software and Programming |
1,954.0 |
11,678 |
|
|
Subsidiary |
Suwon-si, Gyeonggi-Do |
Korea, Republic of |
Semiconductors |
6,027.0 |
10,792 |
|
|
Subsidiary |
Calamba City, Laguna |
Philippines |
Electronic Instruments and Controls |
305.9 |
|
|
|
Subsidiary |
Chachoengsao |
Thailand |
Electronic Instruments and Controls |
296.5 |
|
|
|
Subsidiary |
Soowon-Si, Kyeonggi-Do |
Korea, Republic of |
Electronic Instruments and Controls |
4,431.7 |
6,969 |
|
|
Subsidiary |
Göd |
Hungary |
Electronic Instruments and Controls |
351.7 |
667 |
|
|
Subsidiary |
Taipei City, Taipei City |
Taiwan |
Electronic Instruments and Controls |
|
50 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Insurance (Life) |
22,330.0 |
6,062 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Insurance (Property and Casualty) |
12,849.7 |
5,343 |
|
|
Subsidiary |
|
|
|
|
|
|
|
Samsung
Fire & Marine Insurance Claim Adjustment Service Co Ltd |
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Business Services |
|
|
|
Samsung
Fire & Marine Insurance Co. , London Representative Office |
Subsidiary |
London |
United Kingdom |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Construction Services |
4,513.5 |
5,277 |
|
|
Subsidiary |
Bangkok, Bangkok |
Thailand |
Construction Services |
|
25 |
|
|
Subsidiary |
Changwon-Si, Gyeongsangnam-Do |
Korea, Republic of |
Aerospace and Defense |
2,765.7 |
4,901 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Security Systems and Services |
776.0 |
4,879 |
|
|
Subsidiary |
Gumi-Si, Gyeongsangbuk-Do |
Korea, Republic of |
Containers and Packaging |
4,429.1 |
4,121 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Investment Services |
2,340.5 |
3,092 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Miscellaneous Financial Services |
85.5 |
227 |
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
4.1 |
9 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Consumer Financial Services |
2,834.3 |
3,091 |
|
|
Subsidiary |
Songnam, Kyonggi-do |
Korea, Republic of |
Construction Services |
|
1,600 |
|
|
Subsidiary |
Jakarta Selatan, Bali |
Indonesia |
Construction Services |
|
|
|
|
Subsidiary |
Pelabuhan Klang, Selangor |
Malaysia |
Appliance and Tool |
341.0 |
1,400 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Communications Services |
623.4 |
1,172 |
|
|
Joint Venture |
Seonsan-si, Chungcheongnam-do |
Korea, Republic of |
Chemical Manufacturing |
4,865.6 |
1,065 |
|
|
Subsidiary |
Berlin |
Germany |
Electronic Instruments and Controls |
|
1,000 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Advertising |
1,162.8 |
951 |
|
|
Subsidiary |
London |
United Kingdom |
Advertising |
32.1 |
76 |
|
|
Subsidiary |
London |
United Kingdom |
Advertising |
|
|
|
|
Subsidiary |
Ridgefield Park, NJ |
United States |
Advertising |
12.5 |
60 |
|
|
Subsidiary |
New York, NY |
United States |
Advertising |
0.7 |
3 |
|
|
Branch |
Boston, MA |
United States |
Advertising |
14.6 |
70 |
|
|
Subsidiary |
Schwalbach |
Germany |
Business Services |
99.2 |
35 |
|
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
3,692.2 |
297 |
|
|
Joint Venture |
Ulsan |
Korea, Republic of |
Chemical Manufacturing |
237.0 |
185 |
|
|
Subsidiary |
Schwalbach |
Germany |
Photography |
404.9 |
100 |
|
|
Subsidiary |
Targoviste, Judet Dambovita |
Romania |
Iron and Steel |
|
892 |
|
|
Subsidiary |
Sesto San Giovanni, Milano (Milan) |
Italy |
Apparel and Accessories |
33.6 |
11 |
|
|
Subsidiary |
Sandton |
South Africa |
Miscellaneous Capital Goods |
2.0 |
100 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Construction Services |
|
100 |
|
|
Subsidiary |
Porto Salvo, Lisboa |
Portugal |
Appliance and Tool |
411.2 |
90 |
|
|
Samsung
Electronics India Information & Telecommunication Ltd |
Subsidiary |
New Delhi, New Delhi |
India |
Computer Storage Devices |
|
50 |
|
Subsidiary |
Chertsey |
United Kingdom |
Retail (Grocery) |
44.2 |
42 |
|
|
Subsidiary |
Brentford |
United Kingdom |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Brentford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Hong Kong, Hong Kong |
Hong Kong |
Metal Mining |
|
40 |
|
|
Subsidiary |
Hong Kong, Hong Kong |
Hong Kong |
Miscellaneous Transportation |
|
80 |
|
|
Subsidiary |
Taipei City, Taipei City |
Taiwan |
Construction Services |
|
30 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Business Services |
|
23 |
|
|
Subsidiary |
Bangkok, Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
12 |
|
|
Subsidiary |
Ho Chi Minh, Ho Chi Minh |
Viet Nam |
Electronic Instruments and Controls |
|
11 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
17.0 |
7 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
1,476.4 |
|
|
|
Subsidiary |
Calamba City, Laguna |
Philippines |
Communications Equipment |
1,028.9 |
|
|
|
Subsidiary |
Ulsan |
Korea, Republic of |
Chemical Manufacturing |
293.6 |
|
|
|
Subsidiary |
New Delhi |
India |
Electronic Instruments and Controls |
1.0 |
|
|
|
Subsidiary |
Maadi, Cairo |
Egypt |
Miscellaneous Capital Goods |
|
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|
Subsidiary |
North Sydney, NSW |
Australia |
Metal Mining |
|
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Subsidiary |
Campo Alegre, Caracas |
Venezuela |
Food Processing |
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Subsidiary |
London |
United Kingdom |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Trucking |
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Subsidiary |
Riyadh, Ar Riyad |
Saudi Arabia |
Miscellaneous Capital Goods |
|
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Subsidiary |
London |
United Kingdom |
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Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Co-Chief Executive Officer, Director |
Director/Board Member |
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Vice President, Director |
Director/Board Member |
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Non-Executive Independent Director |
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Director |
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Director |
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Non-Executive Independent Director |
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Non-Executive Independent Director |
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Executives |
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Managing Director |
Chief Executive Officer |
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Co-Chief Executive Officer, Director |
Chief Executive Officer |
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President & Chief Executive Officer |
Chief Executive Officer |
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President |
President |
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Managing Director |
Managing Director |
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Chief Financial Officer & Head of Strategic Planning |
Finance Executive |
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Chief Human Resources Officer |
Human Resources Executive |
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Senior Vice President-Sales |
Sales Executive |
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Senior Vice President-Business Development |
Business Development Executive |
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Vice President |
Other |
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Vice President |
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Significant Developments
Samsung C&T Signs Contract with Land Transport Authority Aug 29, 2011
Samsung C&T announced that it has signed a contract with Land Transport Authority to construct subway downtown line (DTL) in Singapore. The contract amount is KRW 228,745,506,780.
Samsung C&T Eyes Buying Apollo's Parallel Petroleum-Reuters Aug 22, 2011
Reuters reported that Samsung C&T is considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million. Parallel Petroleum owned by private equity group Apollo Global Management.
Samsung Life Insurance Co Ltd to Establish JV in China Jul 15, 2011
Samsung Life Insurance Co Ltd announced that it will establish a China-based joint venture with Samsung C&T Corporation, to acquire and develop commercial property in China. The new entity, to be launched on March 30, 2012, will be mainly engaged in the property development and leasing service. Samsung Life Insurance Co Ltd will invest KRW 652,770 million to hold a 90% stake in the new venture with Samsung C&T Corporation holding 10% stake.
Samsung C&T Announces Change Of Chief Executive Officer Mar 18, 2011
Samsung C&T announced that Mr. Yeon-Joo Jung, Mr. Sung-Ha Chi has been changed as Chief Executive Officer and the Board appoints Mr. Yeon-Joo Jung, Mr. Shin Kim as new Chief Executive Officer.
Samsung C&T Announces Lawsuit Filed by seoul guarantee insurance company and 14 Other Financial Institutes
Mar 03, 2011
Samsung C&T announced that seoul guarantee insurance company and 14 other financial institutes have filed a lawsuit against the Company, to cancel the first court judgement and file the same case to Seoul High Court.
Samsung C&T Announces Seoul Guarantee Insurance and 13 Other Companies Appeal to Supreme Court of Korea Feb 07, 2011
Samsung C&T announced that Seoul Guarantee Insurance and 13 other companies have appealed to Supreme Court of Korea against the first judgment for the case of demanding for KRW 2,450 billion for damages caused by 28 affiliates, including the Company, of Samsung Group. The first judgment was announced on February 14, 2008. Seoul Guarantee Insurance and 13 other companies requested to overturn the first judgement and let Seoul High Court make the judgement again.
Anhui Liuguo Chemical Co., Ltd to Set up JV with Samsung C&T Corporation and Hong Kong-based Company Jan 28, 2011
Anhui Liuguo Chemical Co., Ltd announced that it plans to set up a joint venture with Samsung C&T Corporation and a Hong Kong-based company, with each to hold a 70% stake, a 20% stake and a 10% stake in the joint venture. The joint venture will be engaged in manufacture of chemical fertilizer.
Samsung C&T Declares Annual Cash Dividend for FY 2010 Jan 25, 2011
Samsung C&T announced that its Board of Directors has declared an annual cash dividend of KRW 500 per share of common stock and KRW 550 per share of preferred stock for the fiscal year 2010 to shareholders of record on December 31, 2010. The dividend rates of market prices are 0.6% (common shares) and 1.6% (preferred shares), respectively. The total cash dividend amount is KRW 75,649,501,150.
Samsung C&T Announces Court Ruling Jan 19, 2011
Samsung C&T announced that it has received a court ruling from Seoul High Court, filed by seoul guarantee insurance company and 13 related parties against the Company, regarding a contract amount requestment case. The court ordered the Company to pay KRW 600 billion with an interest rate of 5% per annum charged from May 8, 2010 to January 11, 2011 and an interest rate of 20% per annum from January 12, 2011 until all the liabilities has been liquidated, to seoul guarantee insurance company and 13 related parties.
Samsung C&T Announces Changes in Shareholding Structure
Dec 07, 2010
Samsung C&T announced that Mirae Asset Global Investments and eight related parties have acquired 7,900,918 shares of the Company, representing a 5.06% stake.
'Moldcell offers
Samsung Galaxy S II'
DMeurope: 05 September
2011
[What follows is the
full text of the news story.]
Moldova mobile operator Moldcell has launched sales of the Samsung Galaxy S II smartphone. The operator offers the smartphone for MDL 5,999 for subscribers signing an annual contract. The offer runs until 31 December.
(Distributed for DMeurope.com via M2 Communications (www.m2.com))
'M:tel offers Samsung Galaxy S II from EUR 229'
DMeurope: 05 September 2011
[What follows is the full text of the news story.]
Montenegrin mobile operator M:tel is offering the Samsung Galaxy S II mobile phone together with the postpaid packages my m:tel and m:tel surf. The device, featuring a Super Amoled screen and dual-core processor, can be purchased from EUR 229 with the my m:tel 40 package on a 24-month contract. With a 24-month contract for my m:tel 20, my m:tel 30 and my m:tel 40 package, customers receive double the normal amount of minutes, SMS and mobile internet for the first six months of the subscription.
(Distributed for DMeurope.com via M2 Communications (www.m2.com))
'Carphone Warehouse
unveils 'back to school' promotions'
DMeurope: 05
September 2011
[What follows is the
full text of the news story.]
UK mobile phone retailer Carphone Warehouse has announced a series of 'back to school' promotions for September. It is offering the Samsung Galaxy SII White smartphone from free on a GBP 31 per month tariff (excluding data), as well as the Sony Ericsson Xperia Ray from free on a GBP 20.50 minimum per month contract (including data). The Samsung Galaxy W is offered from free on a minimum GBP 20.50 a month contract (including data), with the new Nokia C2-02 available free from GBP 10.50 per month or for GBP 79.95 on PAYG. Carphone Warehouse is also promoting tethering during September, which allows smartphones to share their 3G internet connection with tablets through a secure wireless connection. Available deals include the BlackBerry Playbook 16GB with BlackBerry 9300 - from free on GBP 36 per month contract. It will also offer the Archos 7 Home Tablet and HTC Flyer WiFi tablet, with pricing to be confirmed. In addition, the Motorola Xoom 3G has been reduced from GBP 579.99 to GBP 479.99.
(Distributed for DMeurope.com via M2 Communications (www.m2.com))
'Samsung pulls Galaxy
Tab 7.7 from Ifa show after injunction'
DMeurope: 05
September 2011
[What follows is the
full text of the news story.]
Samsung pulled its new 7.7-inch Galaxy Tab devices from German consumer electronics show Ifa taking in place in Berlin after a German court accepted Apple's request to ban sales and marketing of Samsung's new tablet device there. Samsung originally planned to unveil its new tablet equipped with an advanced display technology at the Ifa. Samsung spokesman James Chung said that Samsung respects the Duesseldorf court's decision made on 2 September and therefore decided not to display the Galaxy Tab 7.7.
(Distributed for DMeurope.com via M2 Communications (www.m2.com))
'M:tel introduces
Galaxy Tab offers'
DMeurope: 05
September 2011
[What follows is the
full text of the news story.]
Bosnian mobile operator m:tel introduced promotional mobile internet (m:net) packages for new and existing customers which include the Samsung Galaxy Tab. When signing a 24-month contract, users get a postpaid m:net connection together with the Samsung P1000 Galaxy Tab. The device can be purchased for BAM 999 with the m:net 500 MB package or BAM 349 with the m:net 10 GB package).
(Distributed for DMeurope.com via M2 Communications (www.m2.com))
AFP Asia-Pacific
economic news summary
Agence France-Presse:
05 September 2011
[What follows is the
full text of the news story.]
Hong Kong, Sept 5, 2011 (AFP) -
AFP Asia-Pacific economic news summary for Monday:
China-US-oil-environment
BEIJING: The US oil giant behind a huge spill off China said it had halted production at the oilfield in line with a government order, as an influential Chinese newspaper accused it of a cover-up.
Asia-finance-stocks-forex
HONG KONG: Asian markets fell sharply while the euro took a beating after a poor US jobs report added to fears that the world's largest economy is facing a renewed recession.
EU-eurozone-economy-Australia-Barroso
CANBERRA: European Commission chief Jose Manuel Barroso said he did not expect Europe to slide into recession, calling the European Union and the euro "strong and resilient."
Japan-auto-company-recall
TOKYO: Japan'sHonda Motor is recalling 936,000 cars worldwide, mostly its popular Fit subcompact, called Jazz overseas, due to defective power window switches, the company said.
SKorea-Germany-Samsung-Apple-IT-technology
SEOUL: South Korea'sSamsung Electronics said it has withdrawn its new tablet computer from a major electronics fair in Berlin after a German court accepted a complaint from US rival Apple.
Indonesia-economy-inflation
JAKARTA: Inflation in Indonesia accelerated in August due partly to higher gold, food and transport prices in the Muslim holy month, the Central Statistics Agency said.
India-Turkey-aviation-travel
MUMBAI: Mumbai airport's main runway reopened for the first time in three days, after a Turkish Airlines jet skidded on landing in the Indian city and became stuck in mud.
afp
Roundup: S. Korean
shares plunge on U.S. job data shock
Xinhua News Agency:
05 September 2011
[What follows is the
full text of the news story.]
SEOUL, Sept. 5 (Xinhua) -- South Korean shares ended 4.39 percent lower on Monday as foreign and institutional investors dumped stocks on shocks that the U.S. job growth unexpectedly stalled last month, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) plunged 81.92 points, or 4.39 percent, to close at 1,785.83. Trading volume stood at 410.13 million shares worth 5.83 trillion won (5. 45 billion U.S. dollars).
The KOSPI started 2.06 percent lower, and extended its earlier losses throughout the session on news that non-farm payrolls in the U.S. stayed unchanged last month.
"Investors dumped stocks on disappointing job data in the United States. Poor performance in the labor market may lead to weaker consumption, ending up slowing output in the overall industry," Kang Hyun-gie, an analyst at Solomon Investment & Securities in Seoul, told Xinhua.
Kang, however, said the KOSPI may rebound later this week after U.S. President Barack Obama announces his plan for boosting economic growth. Obama is set to address Congress on Thursday to unveil stimulus measures to enhance job and economic growth.
The U.S. government will unlikely take aggressive actions due to their lack of room for additional fiscal stimulus after Standard & Poor's downgraded its credit rating to AA-plus, but broader actions for job growth can be taken such as tax benefits, the analyst added.
Lingering fiscal crisis in Europe also dented investor sentiment, analysts said. Discussion for the Greek bailout package has been delayed due to different views over reduction in the Greek fiscal deficit.
Offshore investors led the market plunge by dumping a net 331.7 billion won worth of local shares. Local institutions were also net sellers of a 432.5 billion won worth of stocks.
Retail investors bought a whopping 735.2 billion won worth of shares, but they failed to stop the KOSPI from falling free.
Tech and auto shares lost ground on foreign selling. Market bellwether Samsung Electronics sank 4.94 percent to 731,000 won, and its local rival LG Electronics dropped 4.91 percent to 60,000 won. Memory chip giant Hynix Semiconductor tumbled 8.12 percent to 17,550 won, and flat screen maker LG Display plummeted 6.02 percent to 18,750 won.
Top automaker Hyundai Motor dipped 5.25 percent to close at 189, 500 won and its affiliate Kia Motors slid 4.49 percent to 66,000 won. Top auto parts maker Hyundai Mobis, affiliate with Hyundai Motor Group, dropped 4.72 percent to 313,000 won.
Chemical shares, which led the previous market rally, ended bearish. Leading Chemical firm LG Chem plunged 10.48 percent to 329,000 won and top oil refiner SK Innovation tumbled 10.98 percent to 146,000 won.
The local currency finished at 1,068.8 won against the greenback, down 5.8 won from Friday's close.
Bond prices ended sharply higher. The yield on the liquid three- year treasury notes sank 0.09 percentage point to 3.35 percent, and the return on the benchmark five-year government bonds dropped 0.11 percentage point to 3.46 percent.
Yonhap: Samsung
Affiliate Begins Security Business in China
World News
Connection: 05 September 2011
[What follows is the
full text of the news story.]
Material in the World News Connection is generally copyrighted by the source cited. Permission for use must be obtained from the copyright holder. Inquiries regarding use may be directed to NTIS, US Dept. of Commerce.
[Computer selected and disseminated without OSC editorial intervention.]
Samsung-China security biz
Samsung affiliate begins security business in China
By Kim Young-gyo
HONG KONG, Sept. 5 (Yonhap) -- An affiliate of South Korean conglomerate Samsung Group has launched a security business in China in a bid to tap into a growing need for security systems there, company officials said Monday.
S1 Corp., South Korea's largest security provider, said it set up a China subsidiary this month in Beijing called Samsung Security Systems Technologies Ltd. It is the first South Korean company to enter China in the field of security services.
The company, widely known in South Korea as the producer of unmanned security system Secom, holds about 50 percent market share in the country.
S1 officials estimated that China's security system market will grow to US$26.5 billion by 2013 and will overtake North America as the largest market by 2018.
Global security service providers, such as GE Co. and Honeywell International Inc., have already stepped into China, focusing on selling surveillance cameras used for monitoring.
S1 officials said they company aims to develop a new business area in China by providing comprehensive security solutions for Chinese customers.
[Description of Source: Seoul Yonhap in English -- Semiofficial news agency of the ROK; URL: http://english.yonhapnews.co.kr]
Material in the World News Connection is generally copyrighted by the source cited. Permission for use must be obtained from the copyright holder. Inquiries regarding use may be directed to NTIS, US Dept. of Commerce.
Samsung Removes
Tablet From Trade Show After Injunction
New York Times: 05
September 2011
[What follows is the
full text of the news story.]
Samsung Electronics will not showcase the Galaxy Tab 7.7, its latest tablet computer, at one of the largest electronics shows after Apple won a second injunction blocking sales of the computer in Germany.
Samsung withdrew the new version of the Galaxy from the consumer electronics show, known as IFA, in Berlin after a court in Dusseldorf, Germany, on Friday granted Apple's request to prohibit sales and marketing of the product, James Chung, a spokesman for Samsung of Seoul, South Korea, said on Sunday.
Mr. Chung said he could not confirm whether Samsung, Apple's closest rival in tablet computers, had received the court order. A spokesman for Apple in Seoul said he could not immediately comment on the ruling.
''Samsung respects the court's decision,'' Mr. Chung said. The company believes the ruling ''severely limits consumer choice in Germany,'' he said. He said Samsung would pursue all available options, including legal action, to defend its intellectual property rights.
Samsung and Apple, maker of the iPad, are involved in legal disputes across three continents, as Apple -- also one of the biggest customers for Samsung's chips and displays -- contends the Galaxy devices copied its iPhone and iPad. Last month, the Dusseldorf Regional Court granted Apple a temporary sales ban on the earlier Galaxy Tab 10.1 model in 26 of the 27 European Union member countries.
The August ruling, scaled back to only Germany on jurisdictional grounds, could have cost Samsung sales of as many as half a million units this year, Strategy Analytics estimated.
Samsung had planned to show the Galaxy Tab 7.7 with other mobile devices at this year's IFA conference, which continues through Wednesday and has become a battleground for companies seeking to lure European consumers to alternatives to the iPhone and the iPad.
Samsung, which does not disclose how many tablets it has sold, aims to increase those sales more than fivefold this year from 2010, when the original Galaxy Tab running Google Inc.'s Android software went on sale.
Samsung had about a 16 percent share in the tablet market in the first quarter, trailing the iPad's 69 percent, Strategy Analytics said.
Legal disputes between the companies began after Apple charged Samsung with ''slavishly'' copying its products in a lawsuit filed in April in the United States. Samsung countersued in California, Germany, Seoul and Tokyo.
A court ruling in the Netherlands on Aug. 25 ordered Samsung to halt some sales of its smartphones after Oct. 13.
In Australia, Samsung agreed to delay the introduction of the Galaxy Tab 10.1 until the end of September, the second delay in a month.
September 05, 2011, MondayïïïïLate Edition - Final
Section: BïïïïPage: 4ïïïïColumn: 0ïïïïDesk: Business/Financial DeskïïïïLength: 476 words
S. Korea shares close
4.39 percent lower
Agence France-Presse:
05 September 2011
[What follows is the
full text of the news story.]
Seoul, Sept 5, 2011 (AFP) -
South Korean shares ended 4.39 percent lower Monday, weighed down by global economic uncertainties including disappointing data on US payrolls.
The benchmark KOSPI index closed down 81.92 points at 1,785.83.
"Bad US data and the European Central Bank's warning on Greece over the weekend discouraged investor sentiment," Lee Jae-Man, an analyst at Tong Yang Securities, told Yonhap news agency.
"Large-cap stocks lost significant ground."
US stock markets closed more than two percent lower Friday after data showed that the world's largest economy added no new jobs in the month of August, renewing fears of a double-dip recession.
In Seoul, foreign and institutional investors dumped large-cap exporters of electronics products, autos and ships.
Samsung Electronics slumped 4.94 percent to 731,000 won and the country's top carmaker Hyundai Motor fell 5.25 percent to 189,500.
Hyundai Heavy Industries, the world's top shipyard, dived 7 percent to 312,000 won while LG Chem, Korea's leading chemicals maker, fell 10.48 percent to 329,000.
Oil refiners were the biggest losers due to fears a global economic slowdown would hit demand for petroleum products. SK Innovation lost 10.98 percent to 146,000 won and S-Oil dropped 10.59 percent to 105,500.
The won closed at 1,068.8 to the dollar, down 5.8 won from Friday's close, as offshore investors cut their holdings of local stocks.
Samsung Galaxy S II Walkthrough
PC Magazine Online
31 August 2011
By Alex Colon
[What follows is the full text of the article.]
Samsung yesterday announced the long-anticipated arrival of the Galaxy S II on AT&T, Sprint, and T-Mobile at an event in New York City. PCMag was there to take a hands-on look at the new devices and walk you through all of the new features.
We got to take a look at AT&T's Samsung Galaxy S II and Sprint's Epic 4G Touch, but T-Mobile's version of the device was mysteriously shielded behind glass. According to Troy Edwards, T-Mobile's senior manager of communications, T-Mobile is planning to announce more about its version of the Galaxy S II in the "next few weeks." For the moment, though, if we want an idea as to how it will differ from the other carrier models, Edwards said to look at the ways in which T-Mobile's Samsung Vibrant differed from the AT&T Captivate, Sprint Epic 4G, and the Verizon Fascinate (all of which are devices from the original Samsung Galaxy Family).
Regardless of these differences, a number of new capabilities were announced last night that will be available on all of the new Galaxy S II phones, no matter the carrier. See the slideshow for more.
Hardware
On the hardware side, each of the three new devices are designed with an ultra-thin form factor and come sporting a Super AMOLED Plus touch-screen display. Additionally, all three phones are enabled with 4G service and powered by dual core processors, which should make for a super speedy gaming and Web experience. In addition to that, each phone will feature an 8-megapixel rear-facing camera with autofocus, flash, and 1080p HD video recording, along with a 2-megapixel front-facing camera for video chat, with support for video chat through Google Talk built in.
Software
Software hasn't been left out of the mix either. The new Galaxy S II phones will feature an updated version of Samsung's TouchWiz UI. This latest version of TouchWiz features support for Live Panel, which provides users with a magazine-like widget view for immediate access to email, news, social updates, and weather, among others. All of the Samsung Live Panel widgets can be positioned and re-sized. There are seven quick-link buttons at the bottom of each home screen for quick navigation. You can tap any button to immediately bring up the corresponding home screen, or slide you finger across for a carousel-like view.
Even better, users can finally take a screen grab of the phone's screen by pressing the power button and the home key simultaneously, which is a feature that has long been missing on Android phones. Hopefully this trend will catch on.
A Voice Talk feature allows users to dictate voice commands, including voice dial, text message, navigation, music, Web browsing and search. When docked in the car, the Galaxy S II will automatically default into Voice Talk mode, but it can also be instantly activated by a long press on the search key.
Each of the Galaxy S II devices feature six-axis motion sensing using an accelerometer and gyroscope that support advanced touch-screen gestures, including motion to zoom in on images, silence a ringing phone, and move widgets on the menu screens.
Samsung's Media Hub movie and TV content service will be included on each device, which now allows for playback on a TV through an HDMI cable. Users can share purchased film or TV content across up to five devices enabled with Media Hub at no additional cost. Samsung's All Share application enables inter-device connectivity through DLNA, so users can send music and video content wirelessly to other DLNA-enabled devices. And Samsung's Kies Air service allows users to connect their PC or Mac via Wi-Fi without a preloaded application to view and manage your content.
Samsung's Social Hub service on the Galaxy S II transfers email, instant messaging, contacts, calendar and social network connections, including Twitter, Facebook and LinkedIn accounts, into “Feeds” and “Messages” folders that can be either separated into separate tabs or combined into comprehensive lists.
In addition, all three devices support an array of cloud-based services including content sync across the Galaxy spectrum with Google services like Books, Calendar, Email, and Music, and Samsung Media Hub and cloud photo sync through Picasa Web Albums and Google+.
Finally, each Galaxy S II integrates a number of enterprise solutions, including on-device encryption of user data, full support for Exchange ActiveSync, Cisco VPN, Cisco WebEx, and Sybase MDM.
All in all these devices support a very promising list of new features. Check back with PCMag for a full review of each phone when it becomes available, and for updated information on T-Mobile's version.
For a full walkthrough of what was on display last night, see the slideshows above. Also check out PCMag's hands-on and benchmark tests with the Samsung Galaxy II.
Ziff Davis, Inc.
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Samsung Series 7
Slate: Hands On
PC Magazine Online
31 August 2011
By Brian Westover
[What follows is the
full text of the article.]
Samsung isn't new to the tablet game, but the company's newest offering - the Samsung Series 7 Slate - may be exactly what buyers have been waiting for in Windows tablets. We went hands on with the new Series 7 Slate, and we were pleased with what we saw.
The Samsung Series 7 Slate has a spacious 11.6-inch display, with 1366-by-768 resolution and an eye-popping 16 million colors. It should even look good outdoors, with 400-nit brightness coming from Samsung's sharp-looking SuperBright LED backlit display. That extra inch of real estate for the screen also helps to alleviate one of the biggest problems we've seen with Windows tablets, namely the fact that Windows icons become miniscule on a smaller screen. The touch screen is capable of registering up to 10 fingers at a time, or it can be used with a digital stylus for more precise selection or handwriting recognition.
The Series 7 Slate is also light, weighing 1.96 pounds - lighter than many smaller 10-inch tablets we've seen, like the Acer Iconia W500-BZ467, which weighed in at 2.1 pounds. It's thin too, measuring less than a half inch thick. The back appears to be brushed aluminum, and the rich texture of the cool metal surface leaves you feeling that the slate, though thin and light, is still substantial.
On the hardware side, the Series 7 Slate is remarkably similar to the super-thin Samsung Series 9 laptop, with the same dual-core 1.6-GHz Intel Core i5-2467M low-voltage processor. It's an enormous step up from the Intel Atom processors that have been used in competitors thus far. With 4 GB of RAM and solid-state drives available in both 64 GB and 128 GB capacities, the Series 7 seems to be borrowing much of its spec list from the top-rated laptop. During our time with the slate, the Series 7 was also significantly faster and more responsive than any other Windows tablet we've reviewed.
The Series 7 boasts a number of ports and connectors, with a full-sized USB 2.0 port, a micro HDMI port for displaying video on an HDTV, and a microSD card slot. Wireless connectivity comes in the form of Bluetooth 2.1 and Wi-Fi 802.11n, and a SIM card slot opens up the option for a 3G mobile connection. A docking connection on the bottom includes support pins similar to those seen on the Acer Iconia Tab W500, but a proprietary Samsung connection is used instead of USB. Samsung estimates that the internal lithium-polymer battery will provide up to 7 hours of use on a single charge. We'll have to take that with a grain of salt until we have tested the unit in the labs.
You'll also find several features more at home on a tablet, like front and rear facing cameras, accelerometer and gyroscopic sensors, and GPS. Physical controls for power and volume can be found on either side of the device. While the tablet can be purchased on its own, you can also pick up the Series 7 Slate bundled with a dock, wireless keyboard, and digital stylus.
The biggest problem plaguing the Windows tablet concept has always been the lack of a physical keyboard and mouse - two elements that are too deeply integrated into Windows to discard without inconveniencing users. Samsung has sidestepped these problems with a digital pen, dock, and wireless keyboard. Combined with the impressive hardware inside, the Series 7 Slate stands to be used both as a consumption device and a genuine productivity tool.
The dock, in addition to the necessary docking connection, offers full-sized versions of the ports found on the tablet, with HDMI, USB 2.0 and Ethernet ports available. The dock is also remarkably sturdy, with metal construction, and table-gripping rubber feet that provide a surprisingly stable base for the slate. When using the touch screen in this set-up, I found myself wishing that touch-screened desktop computers were so stable. The accompanying wireless keyboard is just as slim and light as the Series 7 itself, with chiclet-style keys and a cool brushed aluminum surface.
The Series 7 Slate will be available on its own, with a 64GB SSD, for $1,099, while the Series 7 bundle with stylus, dock and keyboard will be available for $1,349 with a 128GB SSD. While some may balk at these prices, it's worth pointing out that other Windows tablets are priced similarly, and the oh-so-similar Samsung Series 9 laptop sells for even more.
According to Samsung, the Series 7 Slate will be made available for order online on October 2. While the new device will likely also be sold by brick and mortar stores, Samsung expects the majority of their sales to be online.
For more, check out the hands-on slideshow above.
Ziff Davis, Inc.
Samsung Galaxy S II
Aims to Raise Bar for Google Android 643849
eWeek
31 August 2011
[What follows is the
full text of the article.]
Samsung might find itself in a legal brawl with Apple over alleged patent infringement, but the manufacturer still seems determined to take on the iPhone in the one place that ultimately matters: store shelves. The Samsung Galaxy S II smartphone, due to arrive in the United States on three carriers in September, offers the sort of high-end specs that could make it a significant competitor to not only Apple's upcoming iPhone 5, but also establish it as a standout Google Android device.
The Samsung Galaxy S II smartphone runs Android 2.3, "skinned" with the manufacturer's TouchWiz interface, which distinguishes it from other devices on the market running Google's software. It includes a 4.3-inch "Super AMOLED Plus" screen, fronted with ultra-tough Gorilla Glass, 16GB of onboard memory (expandable via microSD to 32GB), and two cameras-eight megapixels for the rear one, 2-megapixel in the front. A 1.2GHz dual-core processor powers the applications.
The device will make its debut on AT&T, Sprint and T-Mobile starting in September. Samsung is offering a variety of content hubs, including a Social Hub, Readers Hub, Music Hub and Game Hub.
While Samsung is angling its Galaxy franchise toward the consumer segment, the company also has an eye on the enterprise, entering into a partnership with VMWare to bring virtual desktops to mobile devices. The two companies will work to integrate VMware Horizon Mobile with Samsung smartphones, with could allow enterprise IT pros to manage employees' mobile email, applications, and other data. This has significant security implications for the mobile-enterprise space. The collaboration will extend to VMware View 5 on the manufacturer's devices, giving the latter access to data from a centralized infrastructure.
The announcement of that partnership comes at a time when Android devices, along with the iPhone, are gaining greater traction within the enterprise. The Galaxy S II offers some built-in productivity applications, notably QuickOffice, as well as access to the growing Android Marketplace.
The original Galaxy S supposedly sold some 10 million units in the United States last year, and the Galaxy S II-already on the market in Korea and other countries-seems on track to produce similar numbers even before it debuts on these shores. In the meantime, Samsung continues to push its Galaxy Tab tablet, in an obvious bid to create a device ecosystem that competes with Apple's iOS.
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Samsung Electronics
Co Ltd Receives Patent for Device for Removing Interference Signal with
Different Charecteristics and Method for Removing Thereof
Indian Patent News
31 August 2011
[What follows is the
full text of the article.]
New Delhi, Aug. 31 -- Samsung Electronics Co Ltd received Patent for device for removing interference signal with different charecteristics and method for removing thereof on Feb. 2, 2007. The patent number issued by the Indian Patent Office is 202796.
Samsung Electronics Co Ltd had filed patent application number 111/CHE/2004 for device for removing interference signal with different charecteristics and method for removing thereof on Feb. 12, 2004. The inventor of the patent is Jung-Won Kwak.
The International classification number is H04B15/00.
According to the Controller General of Patents, Designs & Trade Marks, "A device for removing interference signal with different characteristic and method for removing thereof are disclosed. The device for removing an interference signal comprises an IIR notch filter for generating a notch to remove the signal with a different characteristic included in the input signals, a frequency tracking unit for tracking a frequency in the frequency domain for the signal with a different characteristic included in the input signals to provide a position value of the notch, and a power ratio calculation unit for calculating a power ratio of the signal different from the input signals on the characteristic and providing a depth value of the notch set in correspondence with the calculated power ratio, wherein the IIR notch filter removes the signal with a different characteristic using the position value and the depth value. Accordingly, the signal with a different characteristic included in the input signals can be correctly removed."
About the Company
Samsung Electronics Co., Ltd. (Public, SEO:005930) provides consumer electronic products. The Company operates its business through two business divisions: digital media and communication (DMC) division and device solution (DS) division. The DMC division is involved in the manufacture of digital media and communication products, such as televisions (TVs), monitors, printers, air conditioners, refrigerators and washers, as well as cell phones, network systems and computers. Its DC division provides semiconductors and liquid crystal display (LCD) products, consisting of memory chips, hard disc drives (HDDs), system large scale integrated circuit (LSI) products and thin film transistor (TFT) LCD products. On April 1, 2010, the Company completed its merger with SAMSUNG DIGITAL IMAGING CO.,LTD, engaged in the manufacturing and sale of digital cameras. The Company sold 50% of SAMSUNG THALES CO., LTD., engaged in the manufacture and sale of military equipment, to Samsung TechWin Co., Ltd., on August 31, 2010.
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· 31620 Manufacture of other electrical equipment not elsewhere classified
· 32100 Manufacture of electronic valves and tubes and other electronic components
· 2849 Electronic Equipment Manufacturing n.e.c.
Korean company sells
shares in Samsung Life
Global Banking News
(GBN)
31 August 2011
[What follows is the
full text of the article.]
Global Banking News-August 31, 2011--Korean company sells shares in Samsung Life(C)2011 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 31 August 2011
A report from Reuters said that South Korean business conglomerate, CJ Corp, a holding company, has sold its stake in Samsung Life Insurance Company Ltd (SEO:032830).
Shares worth KRW543.5bn are to be sold to affiliates, CJ Cheiljedang Corp and CJ O Shopping Co Ltd.
The sale is to meet holding company regulations.
[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]
((Distributed via M2 Communications - http://www.m2.com))
Normans Media Ltd.
SINGAPORE,VIET NAM :
Samsung C&T to build subway segment in Singapore and port facility in
Vietnam
TendersInfo News
30 August 2011
[What follows is the
full text of the article.]
Two orders have been secured by Samsung C&T Corp., a trading and construction company, to build a subway segment in Singapore and a port facility in Vietnam. The combined cost of these orders is estimated at $415 million.
In the first contract, in which the company has signed with Singapore s Land Transportation Authority, Samsung C&T will build a section of the 21-kilometer (13-mile) Downtown Line Stage 3. A 683-meter underground tunnel and a station will also be included in the contract. This deal is valued at $212 million.
Samsung C&T has secured the second contract from Formosa Ha Tinh Steel Corp., the Vietnamese steel unit of Taiwan s Formosa Group. Under this deal, which is valued at $203 million, the company will build the seaport facility for the steelmaker s mill in the central province of Ha Tinh.
TendersInfo News
Related
Geographies
· Asia
· Singapore
· Vietnam
UNITED STATES :
Samsung to unveil Galaxy Tab Wi-Fi tablet with pre-installed NXP Software s
LifeVibes VoiceExperience software
TendersInfo News
30 August 2011
[What follows is the
full text of the article.]
Samsung is all set to unveil Galaxy Tab Wi-Fi tablet with pre-installed NXP Software s LifeVibes VoiceExperience software.
At present, Samsung is planning to launch pre-installed Voice over IP (VoIP) applications on all its tablets, beginning with Galaxy Tab Wi-Fi.
According to NXP Software, with its HD voice capabilities, LifeVibes VoiceExperience will enable Samsung to introduce a superior VoIP experience which fulfills its demanding quality standards. It offers standard speakerphone noise suppression, acoustic echo cancellation and voice quality. Its HD voice compatibility makes sure voice sounds clear and natural, with better clearness on all types of phone and mobile device. It offers very low demands on original platform resources, which makes very small harm on battery life.
NXP Software s LifeVibes VoiceExperience software is based on its widespread knowledge of digital voice processing. It can effortlessly be combined.
Peter van de Berg, Marketing Director of NXP Software, said, "A phone call is about getting the words across, but HD voice adds human emotion to the conversation. With HD voice, it sounds almost like you are talking to somebody in the same room. So it's a much richer experience for personal communications. And business and conference calls are much more effective."
TendersInfo News
Samsung, LG, Motorola, Then Apple: America's Biggest Cell Phone Makers
PC Magazine Online
30 August 2011
By Sara Yin
[What follows is the full text of the article.]
Apple iPhone coverage and rumors are ubiquitous on the Internet, but when it comes to actual sales, Samsung, LG, and Motorola are all more popular.
In a market of 234 million U.S. cell phone users, the pecking order for cell phone manufacturers is Samsung, LG, Motorola, Apple, and RIM, according to comScore's August mobiLens report.
Between the months of May-July, Samsung grew 1 percentage point to capture 25.5 percent of the cell phone market, compared to the previous three months, followed by LG (20.9 percent, share unchanged), Motorola (14.1 percent, down 1.5 percent), Apple (9.1 percent, up 1.2 percent), and Research in Motion (7.6 percent, down 0.6 percent). Click on the market share graph below to enlarge.
Meanwhile, smartphone penetration shot up 10 percent to 35 percent of the U.S. cell phone market, or 82.2 million subscribers.
And among smartphones, Android continued to outpace rival mobile operating systems with 41.8 percent of the pie, up 5.4 percent from the February-April period. Apple's iOS gained 1 percent to capture 27 percent of the smartphone market. RIM tumbled 4 percent but retained third place with 21.7 percent share, followed by Microsoft's Windows Mobile (5.7 percent) and Nokia's Symbian (1.9 percent).
But although one in four American cell phone owners are carrying a Samsung, the South Korean company's margins are still a fraction of Apple's.
"Samsung does well in unit sales, but its margins are not improving even though the mix of smartphones is increasing dramatically," wrote Asymco analyst Horace Dediu in a blog comment on Monday.
To be honest, comScore's August mobiLens report don't deviate much from July's. But as we noted then too, these figures could be flipped inside out in mere months, given that virtually every major cell phone manufacturer is expected to announce a highly-anticipated new phone; perhaps starting Tuesday night when Samsung has gathered journalists for a "major product announcement."
For more on Samsung vs. Apple, see Samsung Galaxy S II LTE vs. Apple iPhone 4: Specs Compared.
Recently, we also compiled a list of "Upcoming Gadgets Worth Waiting For".
Ziff Davis, Inc.
Related Companies
Motorola Inc [profile]
Nokia Corporation [profile]
Samsung Launches
Series 7 Aluminum Laptops: Hands On
PC Magazine Online
30 August 2011
By Cisco Cheng
[What follows is the
full text of the article.]
If there's one thing Samsung laptops are known for, it's that its aluminum laptops, particularly the Series 9 and QX411-W01, are both tough-as-nails and breathtakingly beautiful. Today, the company launches two more under the Series 7 brand, a 13-inch and 15-inch version that'll rival the Apple Macbook Pros in terms of beauty and power.
The secret is in the hardened aluminum that the company uses, which is as durable and sleek as that found on the MacBook Pros. Both laptops are completely covered in it, and you'd be hard-pressed to detect any warping or bending after applying force to the either the bottom or top of the frame. Though they do seem heavy, it's the kind of heft that gives them their tough-as-nails characteristics.
The 13-inch version should really be called a 14-inch laptop, since Samsung managed to squeeze in a 14-inch widescreen into a 13-inch frame, leaving as little bezel around the screen as possible. It's similar to what Gateway did with the ID47H02u, except Samsung's version has a higher resolution (1,600-by-900) and is matted to withstand glare. The 15-inch version, on the other hand, is named appropriately because of its 15.6-inch widescreen. It, too, boasts a 1,600-by-900 resolution and an anti-glare screen.
Both laptops feature HDMI and two USB 3.0 ports. On the right side of each laptop, you'll find a slot-loading DVD burner, similar to the ones found in the Macbook Pros. I was impressed with their typing experiences, as all the Chiclet-style keys are raised to a proper height and have LED backlights for lightless areas. The oversized clickpad, or a touchpad that integrates the mouse buttons, is my least favorite part about these two laptops, as it tends to interrupt cursor movement. The clicking experience was also a bit too resistant for my tastes.
Samsung didn't skimp on the parts underneath the hood, though. The Series 7 13-inch will be configured with a dual core Core i5, up to 8GB of memory, and switching graphics technology using an AMD Radeon 6450M discrete graphics chip. The 15-inch will be the thinnest quad core laptop (measuring 23mm thick), according to Samsung, equipped with an Intel Core i7-2675M (2.2GHz) processor, up to 8GB of memory, and switching graphics technology using an AMD Radeon 6490M. Both laptops have non-removable batteries: The 13-inch bundles a 65WH Lithium Polymer one that promises up to seven hours of battery life, while the 80WH battery in the 15-inch is also claiming up to seven hours.
In addition to fast components, Samsung will also include onboard flash memory and software to enable a technology it calls "Fast Start." Note: This isn't Intel's Rapid Start technology, which is based on similar principles. With Fast Start, you can expect instant boot, resume, and shut down times. It will even resume instantly to where you left off when power is completely cut-off from the laptop.
Both laptops will be available in retail channels on October 2, and will be priced between $999 and $1,299, depending on the configuration.
For more, see the slideshow above.
Ziff Davis, Inc.
Related Companies
Advanced Micro Devices [profile]
Samsung Electronics
Co. Ltd Files Patent Application for Method for Providing Interactive Data
Service in a Mobile Communication System
Indian Patent News
30 August 2011
[What follows is the
full text of the article.]
New Delhi, Aug. 30 -- South Korea based Samsung Electronics Co. Ltd filed patent application for method for providing interactive data service in a mobile communication system. The inventors are Kim Dae Gyun, Chang Yong, Koo Chang Hoi, Jung Jung Soo and Bae Beom Sik.
Samsung Electronics Co. Ltd filed the patent application on May 11, 2004. The patent application number is 01259/DELNP/2004 A. The international classification is G06F01/24.
According to the Controller General of Patents, Designs & Trade Marks, "A method for providing an interactive data service between a base station and a mobile station in a mobile communication system including at least one mobile station, the base station communicating with the mobile station, and a server connected to the base station. The base station simultaneously transmits data transmitted from the server, to one or more mobile stations over a forward common channel. A particular mobile station receiving a service through the common channel transmits reverse transmission data over a dedicated channel."
About the Company
Samsung Electronics Co., Ltd. (Public, SEO:005930) provides consumer electronic products. The Company operates its business through two business divisions: digital media and communication (DMC) division and device solution (DS) division. The DMC division is involved in the manufacture of digital media and communication products, such as televisions (TVs), monitors, printers, air conditioners, refrigerators and washers, as well as cell phones, network systems and computers. Its DC division provides semiconductors and liquid crystal display (LCD) products, consisting of memory chips, hard disc drives (HDDs), system large scale integrated circuit (LSI) products and thin film transistor (TFT) LCD products. On April 1, 2010, the Company completed its merger with SAMSUNG DIGITAL IMAGING CO.,LTD, engaged in the manufacturing and sale of digital cameras. The Company sold 50% of SAMSUNG THALES CO., LTD., engaged in the manufacture and sale of military equipment, to Samsung TechWin Co., Ltd., on August 31, 2010.
Related Topics
Legal
Related Industries
· 3674 Semiconductors and related devices Semiconductors [profile]
· 32100 Manufacture of electronic valves and tubes and other electronic components
· 2849 Electronic Equipment Manufacturing n.e.c.
Annual
Income Statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
Total Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
|
|
|
|
|
|
|
Cost of Revenue |
17,937.5 |
12,963.7 |
17,160.6 |
15,767.0 |
14,884.5 |
|
Cost of Revenue, Total |
17,937.5 |
12,963.7 |
17,160.6 |
15,767.0 |
14,884.5 |
|
Gross Profit |
1,820.3 |
1,529.7 |
1,451.2 |
1,819.4 |
1,647.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
542.0 |
464.6 |
1,022.3 |
1,068.2 |
884.3 |
|
Labor & Related Expense |
386.5 |
314.0 |
- |
- |
- |
|
Advertising Expense |
18.3 |
17.7 |
- |
- |
- |
|
Total Selling/General/Administrative Expenses |
946.9 |
796.2 |
1,022.3 |
1,068.2 |
884.3 |
|
Research & Development |
91.3 |
75.8 |
- |
- |
- |
|
Depreciation |
40.9 |
36.0 |
- |
- |
- |
|
Depreciation/Amortization |
40.9 |
36.0 |
- |
- |
- |
|
Impairment-Assets Held for Use |
12.1 |
12.9 |
0.2 |
9.9 |
39.8 |
|
Unusual Expense (Income) |
12.1 |
12.9 |
0.2 |
9.9 |
39.8 |
|
Total Operating Expense |
19,028.8 |
13,884.6 |
18,183.1 |
16,845.1 |
15,808.6 |
|
|
|
|
|
|
|
|
Operating Income |
729.0 |
608.8 |
428.7 |
741.3 |
723.8 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-123.0 |
-151.1 |
-126.7 |
-113.2 |
-118.6 |
|
Interest Expense, Net Non-Operating |
-123.0 |
-151.1 |
-126.7 |
-113.2 |
-118.6 |
|
Interest Income -
Non-Operating |
57.8 |
86.5 |
95.6 |
141.3 |
124.2 |
|
Investment Income -
Non-Operating |
221.5 |
39.1 |
89.1 |
90.9 |
0.1 |
|
Interest/Investment Income - Non-Operating |
279.4 |
125.6 |
184.7 |
232.2 |
124.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
156.4 |
-25.5 |
57.9 |
119.0 |
5.6 |
|
Gain (Loss) on Sale of Assets |
-7.4 |
-13.3 |
-9.4 |
-21.0 |
-10.8 |
|
Other Non-Operating Income (Expense) |
2.1 |
80.1 |
-40.3 |
2.8 |
-54.2 |
|
Other, Net |
2.1 |
80.1 |
-40.3 |
2.8 |
-54.2 |
|
Income Before Tax |
880.1 |
650.0 |
437.0 |
842.1 |
664.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
250.4 |
187.7 |
105.2 |
275.7 |
228.0 |
|
Income After Tax |
629.8 |
462.3 |
331.8 |
566.4 |
436.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-224.4 |
-221.2 |
-17.7 |
-213.2 |
-245.5 |
|
Net Income Before Extraord Items |
405.3 |
241.1 |
314.1 |
353.1 |
191.0 |
|
Discontinued Operations |
- |
- |
- |
161.1 |
13.7 |
|
Total Extraord Items |
- |
- |
- |
161.1 |
13.7 |
|
Net Income |
405.3 |
241.1 |
314.1 |
514.2 |
204.7 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-2.0 |
-1.8 |
-2.1 |
-2.5 |
-1.8 |
|
Total Adjustments to Net Income |
-2.0 |
-1.8 |
-2.1 |
-2.5 |
-1.8 |
|
Income Available to Common Excl Extraord Items |
403.3 |
239.3 |
312.0 |
350.6 |
189.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
403.3 |
239.3 |
312.0 |
511.7 |
202.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
146.5 |
146.2 |
146.5 |
148.1 |
148.1 |
|
Basic EPS Excl Extraord Items |
2.75 |
1.64 |
2.13 |
2.37 |
1.28 |
|
Basic/Primary EPS Incl Extraord Items |
2.75 |
1.64 |
2.13 |
3.45 |
1.37 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Diluted Net Income |
403.3 |
239.3 |
312.0 |
511.7 |
203.1 |
|
Diluted Weighted Average Shares |
147.0 |
146.9 |
147.5 |
149.6 |
149.9 |
|
Diluted EPS Excl Extraord Items |
2.74 |
1.63 |
2.11 |
2.34 |
1.26 |
|
Diluted EPS Incl Extraord Items |
2.74 |
1.63 |
2.11 |
3.42 |
1.35 |
|
Dividends per Share - Common Stock Primary Issue |
0.43 |
0.39 |
0.45 |
0.54 |
0.37 |
|
Gross Dividends - Common Stock |
63.4 |
57.3 |
66.3 |
79.3 |
54.7 |
|
Interest Expense, Supplemental |
123.0 |
151.1 |
126.7 |
113.2 |
118.6 |
|
Depreciation, Supplemental |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Total Special Items |
25.0 |
31.7 |
12.6 |
30.9 |
50.6 |
|
Normalized Income Before Tax |
905.1 |
681.7 |
449.6 |
873.0 |
715.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
5.6 |
7.6 |
2.3 |
10.1 |
17.4 |
|
Inc Tax Ex Impact of Sp Items |
255.9 |
195.3 |
107.5 |
285.8 |
245.3 |
|
Normalized Income After Tax |
649.2 |
486.4 |
342.1 |
587.2 |
469.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
422.8 |
263.4 |
322.3 |
371.4 |
222.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.89 |
1.80 |
2.20 |
2.51 |
1.50 |
|
Diluted Normalized EPS |
2.88 |
1.79 |
2.18 |
2.48 |
1.48 |
|
Amort of Acquisition Costs, Supplemental |
5.5 |
5.5 |
3.0 |
- |
- |
|
Amort of Intangibles, Supplemental |
36.3 |
29.6 |
4.0 |
3.7 |
4.8 |
|
Rental Expenses |
22.1 |
20.3 |
24.6 |
33.3 |
21.9 |
|
Advertising Expense, Supplemental |
18.3 |
17.7 |
19.8 |
22.3 |
23.4 |
|
Research & Development Exp, Supplemental |
91.3 |
75.8 |
84.6 |
81.7 |
61.6 |
|
Normalized EBIT |
741.2 |
621.7 |
428.9 |
751.2 |
763.6 |
|
Normalized EBITDA |
981.3 |
833.9 |
622.4 |
936.4 |
932.7 |
Annual
Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,012.8 |
1,221.7 |
1,503.0 |
1,176.1 |
1,311.3 |
|
Short Term Investments |
158.3 |
170.2 |
176.8 |
88.3 |
82.9 |
|
Cash and Short Term Investments |
1,171.1 |
1,391.8 |
1,679.8 |
1,264.4 |
1,394.2 |
|
Accounts Receivable -
Trade, Gross |
2,812.5 |
2,120.7 |
2,304.1 |
3,136.7 |
2,762.6 |
|
Provision for Doubtful
Accounts |
-140.0 |
-134.7 |
-115.5 |
-85.5 |
-72.8 |
|
Trade Accounts Receivable - Net |
2,825.2 |
2,109.6 |
2,272.2 |
3,114.0 |
2,739.3 |
|
Other Receivables |
614.1 |
956.4 |
702.3 |
928.4 |
660.6 |
|
Total Receivables, Net |
3,439.3 |
3,066.0 |
2,974.5 |
4,042.4 |
3,399.9 |
|
Inventories - Finished Goods |
757.0 |
534.7 |
553.7 |
528.4 |
527.4 |
|
Inventories - Work In Progress |
40.1 |
24.7 |
24.0 |
22.2 |
21.1 |
|
Inventories - Raw Materials |
286.7 |
192.9 |
211.5 |
224.7 |
163.8 |
|
Inventories - Other |
439.1 |
346.2 |
317.4 |
252.3 |
256.3 |
|
Total Inventory |
1,522.9 |
1,098.5 |
1,106.5 |
1,027.5 |
968.7 |
|
Prepaid Expenses |
526.7 |
428.1 |
367.8 |
371.5 |
318.1 |
|
Deferred Income Tax - Current Asset |
71.9 |
40.0 |
22.8 |
36.2 |
49.8 |
|
Other Current Assets |
90.9 |
89.0 |
70.9 |
73.5 |
74.3 |
|
Other Current Assets, Total |
162.8 |
129.0 |
93.7 |
109.7 |
124.1 |
|
Total Current Assets |
6,822.8 |
6,113.5 |
6,222.2 |
6,815.5 |
6,205.0 |
|
|
|
|
|
|
|
|
Buildings |
904.2 |
807.2 |
743.4 |
937.6 |
965.0 |
|
Land/Improvements |
503.5 |
414.0 |
384.5 |
504.3 |
579.7 |
|
Machinery/Equipment |
2,075.0 |
1,852.6 |
1,631.9 |
1,985.8 |
1,553.0 |
|
Construction in
Progress |
155.0 |
172.2 |
66.1 |
74.3 |
434.6 |
|
Other
Property/Plant/Equipment |
55.6 |
53.0 |
31.3 |
85.2 |
23.6 |
|
Property/Plant/Equipment - Gross |
3,693.2 |
3,299.1 |
2,857.1 |
3,587.2 |
3,555.9 |
|
Accumulated Depreciation |
-1,222.5 |
-1,023.4 |
-787.5 |
-880.9 |
-842.9 |
|
Property/Plant/Equipment - Net |
2,470.8 |
2,275.6 |
2,069.6 |
2,706.3 |
2,713.0 |
|
Goodwill, Net |
51.3 |
55.4 |
54.5 |
- |
- |
|
Intangibles, Net |
196.1 |
220.4 |
43.6 |
62.2 |
29.5 |
|
LT Investment - Affiliate Companies |
420.8 |
361.2 |
419.5 |
282.5 |
207.1 |
|
LT Investments - Other |
7,125.8 |
5,883.2 |
2,861.0 |
4,628.6 |
4,873.5 |
|
Long Term Investments |
7,546.6 |
6,244.4 |
3,280.5 |
4,911.0 |
5,080.6 |
|
Note Receivable - Long Term |
381.8 |
420.1 |
559.8 |
394.6 |
218.6 |
|
Deferred Income Tax - Long Term Asset |
5.4 |
7.1 |
23.0 |
2.4 |
3.6 |
|
Other Long Term Assets |
59.3 |
16.0 |
6.5 |
3.9 |
5.1 |
|
Other Long Term Assets, Total |
64.7 |
23.1 |
29.5 |
6.3 |
8.7 |
|
Total Assets |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,972.7 |
1,770.7 |
1,700.1 |
3,044.5 |
2,439.2 |
|
Accrued Expenses |
242.9 |
148.6 |
167.9 |
262.0 |
173.2 |
|
Notes Payable/Short Term Debt |
646.8 |
351.0 |
1,288.3 |
563.5 |
459.4 |
|
Current Portion - Long Term Debt/Capital Leases |
805.4 |
341.1 |
170.8 |
113.3 |
567.4 |
|
Customer Advances |
1,191.9 |
1,379.0 |
1,311.0 |
1,265.1 |
1,308.1 |
|
Income Taxes Payable |
103.6 |
113.0 |
57.0 |
152.8 |
142.0 |
|
Other Payables |
539.5 |
436.9 |
407.1 |
492.5 |
526.6 |
|
Deferred Income Tax - Current Liability |
0.0 |
0.1 |
2.0 |
- |
- |
|
Other Current Liabilities |
150.4 |
128.4 |
117.5 |
107.2 |
180.2 |
|
Other Current liabilities, Total |
1,985.5 |
2,057.2 |
1,894.7 |
2,017.6 |
2,156.9 |
|
Total Current Liabilities |
5,653.2 |
4,668.6 |
5,221.8 |
6,000.9 |
5,796.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,004.3 |
1,433.4 |
1,374.9 |
961.8 |
712.8 |
|
Total Long Term Debt |
1,004.3 |
1,433.4 |
1,374.9 |
961.8 |
712.8 |
|
Total Debt |
2,456.5 |
2,125.5 |
2,834.0 |
1,638.6 |
1,739.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1,460.9 |
1,176.4 |
535.4 |
1,014.4 |
1,074.8 |
|
Deferred Income Tax |
1,460.9 |
1,176.4 |
535.4 |
1,014.4 |
1,074.8 |
|
Minority Interest |
1,491.1 |
1,369.3 |
1,043.8 |
1,487.1 |
1,339.5 |
|
Reserves |
106.5 |
85.2 |
61.2 |
61.2 |
58.2 |
|
Pension Benefits - Underfunded |
123.3 |
108.7 |
95.7 |
109.2 |
117.5 |
|
Other Long Term Liabilities |
78.5 |
108.9 |
40.2 |
14.0 |
92.1 |
|
Other Liabilities, Total |
308.3 |
302.8 |
197.1 |
184.4 |
267.7 |
|
Total Liabilities |
9,917.8 |
8,950.5 |
8,373.0 |
9,648.7 |
9,191.0 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
20.5 |
20.0 |
18.5 |
24.8 |
25.0 |
|
Preferred Stock - Non Redeemable, Net |
20.5 |
20.0 |
18.5 |
24.8 |
25.0 |
|
Common Stock |
688.2 |
670.8 |
620.1 |
834.5 |
839.9 |
|
Common Stock |
688.2 |
670.8 |
620.1 |
834.5 |
839.9 |
|
Additional Paid-In Capital |
880.6 |
862.2 |
798.0 |
1,083.1 |
1,020.0 |
|
Retained Earnings (Accumulated Deficit) |
1,653.1 |
1,275.6 |
994.8 |
1,051.0 |
675.4 |
|
Treasury Stock - Common |
-269.7 |
-273.8 |
-259.3 |
-227.3 |
-102.0 |
|
Unrealized Gain (Loss) |
4,583.2 |
3,770.6 |
1,633.9 |
2,586.9 |
2,741.3 |
|
Translation Adjustment |
65.2 |
78.8 |
80.7 |
-105.8 |
-121.4 |
|
Other Equity |
-4.9 |
-2.1 |
0.0 |
- |
-13.8 |
|
Other Equity, Total |
60.3 |
76.7 |
80.7 |
-105.8 |
-135.1 |
|
Total Equity |
7,616.3 |
6,402.1 |
3,886.6 |
5,247.1 |
5,064.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
Total Common Shares Outstanding |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
Treasury Shares - Common Stock Primary Issue |
9.5 |
9.9 |
10.2 |
8.8 |
6.9 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
Total Preferred Stock Outstanding |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
Treasury Shares - Preferred Primary Issue |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Employees |
5,049 |
4,665 |
4,476 |
4,141 |
4,343 |
|
Number of Common Shareholders |
123,044 |
118,965 |
122,853 |
94,911 |
53,692 |
|
Deferred Revenue - Current |
1,191.9 |
1,379.0 |
1,311.0 |
1,265.1 |
1,308.1 |
|
Total Long Term Debt, Supplemental |
1,811.6 |
1,768.2 |
1,549.2 |
1,073.3 |
1,288.6 |
|
Long Term Debt Maturing within 1 Year |
806.0 |
332.5 |
172.7 |
108.4 |
568.8 |
|
Long Term Debt Maturing in Year 2 |
235.0 |
863.2 |
434.0 |
228.6 |
271.1 |
|
Long Term Debt Maturing in Year 3 |
620.5 |
179.7 |
611.3 |
465.9 |
195.5 |
|
Long Term Debt Maturing in Year 4 |
54.1 |
180.4 |
16.8 |
213.0 |
7.5 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
- |
216.8 |
|
Long Term Debt Maturing in 2-3 Years |
855.5 |
1,042.9 |
1,045.4 |
694.6 |
466.7 |
|
Long Term Debt Maturing in 4-5 Years |
54.1 |
180.4 |
16.8 |
213.0 |
224.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
96.0 |
212.4 |
314.4 |
57.3 |
28.9 |
Annual
Cash Flows
Financials in: USD
(mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
629.8 |
462.3 |
331.8 |
727.5 |
450.2 |
|
Depreciation |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Depreciation/Depletion |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Amortization of Intangibles |
41.7 |
35.0 |
7.1 |
3.7 |
4.8 |
|
Amortization |
41.7 |
35.0 |
7.1 |
3.7 |
4.8 |
|
Deferred Taxes |
26.3 |
16.7 |
-3.3 |
32.2 |
-11.7 |
|
Unusual Items |
-149.7 |
29.4 |
-12.8 |
-36.8 |
138.1 |
|
Equity in Net Earnings (Loss) |
-47.2 |
-34.6 |
-20.5 |
-23.1 |
-14.5 |
|
Other Non-Cash Items |
160.2 |
68.5 |
349.1 |
-124.5 |
93.0 |
|
Non-Cash Items |
-36.6 |
63.3 |
315.9 |
-184.4 |
216.7 |
|
Accounts Receivable |
-604.6 |
303.8 |
342.3 |
-382.7 |
-185.2 |
|
Inventories |
-373.0 |
-45.6 |
-242.9 |
-75.5 |
-12.2 |
|
Prepaid Expenses |
-83.9 |
-18.1 |
-118.4 |
-57.5 |
-37.5 |
|
Other Assets |
1.2 |
7.8 |
-46.1 |
12.5 |
-4.6 |
|
Accounts Payable |
176.3 |
-133.3 |
-1,065.8 |
402.2 |
256.2 |
|
Accrued Expenses |
71.3 |
-35.1 |
-36.8 |
92.3 |
72.8 |
|
Taxes Payable |
-1.3 |
42.5 |
-63.2 |
-52.6 |
59.9 |
|
Other Liabilities |
-292.6 |
-41.1 |
435.8 |
-119.6 |
-8.0 |
|
Other Operating Cash Flow |
2.4 |
- |
- |
- |
- |
|
Changes in Working Capital |
-1,104.1 |
81.0 |
-795.0 |
-181.0 |
141.6 |
|
Cash from Operating Activities |
-244.5 |
835.5 |
42.8 |
579.4 |
965.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-349.9 |
-208.1 |
-207.8 |
-509.0 |
-398.2 |
|
Purchase/Acquisition of Intangibles |
-59.0 |
-14.7 |
-71.8 |
-24.8 |
-2.5 |
|
Capital Expenditures |
-408.9 |
-222.8 |
-279.6 |
-533.8 |
-400.7 |
|
Sale of Fixed Assets |
13.0 |
9.6 |
100.6 |
3.9 |
18.8 |
|
Sale/Maturity of Investment |
99.2 |
15.6 |
53.4 |
129.9 |
359.3 |
|
Purchase of Investments |
-56.8 |
-70.0 |
-426.2 |
-104.7 |
-90.3 |
|
Sale of Intangible Assets |
- |
0.7 |
0.8 |
495.7 |
1.2 |
|
Other Investing Cash Flow |
292.8 |
-62.2 |
-61.4 |
-362.1 |
117.2 |
|
Other Investing Cash Flow Items, Total |
348.2 |
-106.3 |
-332.8 |
162.7 |
406.2 |
|
Cash from Investing Activities |
-60.7 |
-329.1 |
-612.3 |
-371.1 |
5.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-146.5 |
102.4 |
73.2 |
-42.4 |
-227.2 |
|
Financing Cash Flow Items |
-146.5 |
102.4 |
73.2 |
-42.4 |
-227.2 |
|
Total Cash Dividends Paid |
-65.2 |
-59.0 |
-69.1 |
-58.1 |
-39.5 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
43.0 |
|
Repurchase/Retirement
of Common |
- |
- |
-120.4 |
-147.4 |
- |
|
Common Stock, Net |
- |
- |
-120.4 |
-147.4 |
43.0 |
|
Options Exercised |
3.7 |
2.5 |
6.6 |
11.2 |
15.4 |
|
Issuance (Retirement) of Stock, Net |
3.7 |
2.5 |
-113.8 |
-136.2 |
58.4 |
|
Short Term Debt Issued |
277.1 |
- |
775.6 |
118.4 |
- |
|
Short Term Debt
Reduction |
- |
-1,037.9 |
- |
- |
-166.5 |
|
Short Term Debt, Net |
277.1 |
-1,037.9 |
775.6 |
118.4 |
-166.5 |
|
Long Term Debt Issued |
406.4 |
499.7 |
754.8 |
501.8 |
293.5 |
|
Long Term Debt
Reduction |
-406.4 |
-382.8 |
-131.2 |
-719.5 |
-739.9 |
|
Long Term Debt, Net |
0.0 |
116.9 |
623.6 |
-217.7 |
-446.4 |
|
Issuance (Retirement) of Debt, Net |
277.1 |
-921.0 |
1,399.1 |
-99.3 |
-612.9 |
|
Cash from Financing Activities |
69.0 |
-875.1 |
1,289.4 |
-336.0 |
-821.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-236.2 |
-368.6 |
719.8 |
-127.7 |
150.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,230.3 |
1,483.1 |
1,000.3 |
1,312.5 |
1,126.9 |
|
Net Cash - Ending Balance |
994.1 |
1,114.5 |
1,720.1 |
1,184.7 |
1,276.9 |
Annual
Income Statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
Total Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
|
|
|
|
|
|
|
Cost-Revenue |
17,937.5 |
12,963.7 |
17,160.6 |
15,767.0 |
14,884.5 |
|
Selling&General Administrative Expense |
- |
- |
1,022.3 |
1,068.2 |
884.3 |
|
Salaries and Wages |
319.8 |
259.8 |
- |
- |
- |
|
Retirement and Severance Benefits |
25.0 |
17.2 |
- |
- |
- |
|
Employee Benefits |
41.7 |
37.0 |
- |
- |
- |
|
Depreciation |
40.9 |
36.0 |
- |
- |
- |
|
Travel Expenses |
32.0 |
20.7 |
- |
- |
- |
|
Commissions |
153.4 |
136.7 |
- |
- |
- |
|
Rental Expenses |
22.1 |
20.3 |
- |
- |
- |
|
Freight Expenses |
164.6 |
125.0 |
- |
- |
- |
|
Taxes and Dues |
25.2 |
21.1 |
- |
- |
- |
|
Advertising Expenses |
18.3 |
17.7 |
- |
- |
- |
|
Research & Development Expense |
91.3 |
75.8 |
- |
- |
- |
|
Other Selling and Administrative Expense |
144.6 |
140.8 |
- |
- |
- |
|
Adjustment-Selling and Administrative E |
0.0 |
0.0 |
- |
- |
- |
|
Loss-Reduction of Assets |
12.1 |
12.9 |
0.2 |
9.9 |
39.8 |
|
Total Operating Expense |
19,028.8 |
13,884.6 |
18,183.1 |
16,845.1 |
15,808.6 |
|
|
|
|
|
|
|
|
Interest Income |
57.8 |
86.5 |
95.6 |
141.3 |
124.2 |
|
Dividend Income |
83.0 |
40.3 |
66.2 |
51.7 |
50.5 |
|
Gain-Disposal of Tangible Assets |
4.1 |
2.2 |
20.8 |
1.1 |
13.1 |
|
Recovery-Loan Loss Reserve |
- |
16.2 |
1.2 |
1.3 |
31.0 |
|
Gain/Disp Intang Ast |
- |
- |
- |
0.0 |
1.2 |
|
Gain Disp Inv Asset |
177.1 |
0.6 |
27.7 |
81.8 |
28.9 |
|
Gain-Foreign Currency Translation |
58.2 |
94.9 |
304.1 |
40.0 |
43.3 |
|
Gain-Foreign Exchange Transaction |
387.4 |
394.0 |
665.4 |
143.8 |
127.9 |
|
Other Non-Operating Income |
52.4 |
82.8 |
38.9 |
36.9 |
27.1 |
|
Interest Expense, Non-Operating |
-123.0 |
-151.1 |
-126.7 |
-113.2 |
-118.6 |
|
Loss-Disposal of Accounts Receivable |
-10.2 |
-11.8 |
-22.8 |
-20.3 |
-24.4 |
|
Disp of Inv. Assets |
-7.9 |
-1.9 |
-1.4 |
-6.6 |
-0.4 |
|
Loss-Disposal of Tangible Assets |
-1.3 |
-3.6 |
-7.4 |
-1.7 |
-0.7 |
|
Loss-Foreign Exchange Transaction |
-436.9 |
-425.6 |
-721.8 |
-204.5 |
-211.6 |
|
Loss-Foreign Currency Translation |
-86.6 |
-97.9 |
-271.4 |
-38.4 |
-53.0 |
|
Other Amortization |
-21.7 |
-1.6 |
-41.9 |
-18.7 |
-0.2 |
|
Other Non-Operating Expense |
-19.9 |
-10.1 |
-27.6 |
-5.9 |
-101.4 |
|
Donations Paid, Non-Operating |
-8.8 |
-7.2 |
-10.9 |
-10.8 |
-10.8 |
|
Gain under Equity Method |
56.5 |
37.7 |
27.2 |
28.8 |
19.2 |
|
Loss under Equity Method |
-9.3 |
-3.1 |
-6.7 |
-5.7 |
-4.8 |
|
Net Income Before Taxes |
880.1 |
650.0 |
437.0 |
842.1 |
664.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
250.4 |
187.7 |
105.2 |
275.7 |
228.0 |
|
Net Income After Taxes |
629.8 |
462.3 |
331.8 |
566.4 |
436.5 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
-224.4 |
-221.2 |
-17.7 |
-213.2 |
-245.5 |
|
Net Income Before Extra. Items |
405.3 |
241.1 |
314.1 |
353.1 |
191.0 |
|
Discontinued Operations |
- |
- |
- |
161.1 |
13.7 |
|
Net Income |
405.3 |
241.1 |
314.1 |
514.2 |
204.7 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-2.0 |
-1.8 |
-2.1 |
-2.5 |
-1.8 |
|
Income Available to Com Excl E |
403.3 |
239.3 |
312.0 |
350.6 |
189.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
403.3 |
239.3 |
312.0 |
511.7 |
202.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
146.5 |
146.2 |
146.5 |
148.1 |
148.1 |
|
Basic EPS Excluding ExtraOrdin |
2.75 |
1.64 |
2.13 |
2.37 |
1.28 |
|
Basic EPS Including ExtraOrdin |
2.75 |
1.64 |
2.13 |
3.45 |
1.37 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Diluted Net Income |
403.3 |
239.3 |
312.0 |
511.7 |
203.1 |
|
Diluted Weighted Average Share |
147.0 |
146.9 |
147.5 |
149.6 |
149.9 |
|
Diluted EPS Excluding ExtraOrd |
2.74 |
1.63 |
2.11 |
2.34 |
1.26 |
|
Diluted EPS Including ExtraOrd |
2.74 |
1.63 |
2.11 |
3.42 |
1.35 |
|
DPS-Common Stock |
0.43 |
0.39 |
0.45 |
0.54 |
0.37 |
|
Gross Dividends - Common Stock |
63.4 |
57.3 |
66.3 |
79.3 |
54.7 |
|
Normalized Income Before Taxes |
905.1 |
681.7 |
449.6 |
873.0 |
715.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
255.9 |
195.3 |
107.5 |
285.8 |
245.3 |
|
Normalized Income After Taxes |
649.2 |
486.4 |
342.1 |
587.2 |
469.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
422.8 |
263.4 |
322.3 |
371.4 |
222.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.89 |
1.80 |
2.20 |
2.51 |
1.50 |
|
Diluted Normalized EPS |
2.88 |
1.79 |
2.18 |
2.48 |
1.48 |
|
Interest Expense |
123.0 |
151.1 |
126.7 |
113.2 |
118.6 |
|
Rental Expense |
22.1 |
20.3 |
24.6 |
33.3 |
21.9 |
|
Advertising Expense |
18.3 |
17.7 |
19.8 |
22.3 |
23.4 |
|
R & D Expense |
91.3 |
75.8 |
84.6 |
81.7 |
61.6 |
|
Depreciation |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Amort of Goodwill |
5.5 |
5.5 |
3.0 |
- |
- |
|
Amort of Intangibles, Suppleme |
36.3 |
29.6 |
4.0 |
3.7 |
4.8 |
Annual
Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
1,012.8 |
1,221.7 |
1,503.0 |
1,176.1 |
1,311.3 |
|
ST Investment Assets |
158.3 |
170.2 |
176.8 |
88.3 |
82.9 |
|
Deferred Notes Receivable |
- |
- |
- |
- |
0.0 |
|
ST Loans |
175.9 |
489.8 |
285.6 |
526.9 |
335.9 |
|
Advance Sec. Dep |
68.9 |
71.2 |
57.4 |
64.4 |
67.3 |
|
Trade Rcvb Gross |
2,812.5 |
2,120.7 |
2,304.1 |
3,136.7 |
2,762.6 |
|
Doubtful Account |
-140.0 |
-134.7 |
-115.5 |
-85.5 |
-72.8 |
|
Curr Port LT Rcv |
37.2 |
11.2 |
18.6 |
17.8 |
21.7 |
|
Other Receivables |
438.2 |
466.6 |
416.6 |
401.4 |
324.7 |
|
Advance Payments |
409.4 |
321.3 |
296.0 |
227.0 |
229.9 |
|
Prepaid Expenses |
526.7 |
428.1 |
367.8 |
371.5 |
318.1 |
|
Accrued Income |
115.6 |
112.4 |
65.0 |
45.1 |
27.8 |
|
Deferred Taxes |
71.9 |
40.0 |
22.8 |
36.2 |
49.8 |
|
Other Quick Asst |
22.0 |
17.8 |
13.5 |
9.2 |
7.0 |
|
Merchandise |
224.8 |
135.6 |
143.0 |
117.4 |
323.9 |
|
Finished Goods |
196.0 |
162.3 |
333.6 |
196.3 |
94.8 |
|
Unfinish. Constr |
- |
- |
- |
- |
0.3 |
|
Work in Progress |
40.1 |
24.7 |
24.0 |
22.2 |
20.8 |
|
Raw Materials |
272.6 |
175.9 |
192.5 |
206.5 |
134.7 |
|
Suppl. Material |
6.0 |
6.0 |
6.3 |
4.4 |
3.3 |
|
Stored Goods |
29.7 |
24.9 |
21.4 |
25.3 |
26.4 |
|
CA Land |
0.5 |
0.5 |
0.5 |
0.7 |
11.9 |
|
Goods in Transit |
336.2 |
236.9 |
77.0 |
214.7 |
66.7 |
|
Display Materials |
7.6 |
10.5 |
12.2 |
13.1 |
13.8 |
|
By-Products |
- |
- |
- |
- |
42.0 |
|
Total Current Assets |
6,822.8 |
6,113.5 |
6,222.2 |
6,815.5 |
6,205.0 |
|
|
|
|
|
|
|
|
LT Financial Assets |
0.1 |
0.1 |
0.3 |
0.7 |
0.5 |
|
LT Notes Receivable |
- |
- |
- |
- |
0.0 |
|
LT Invetment Stock |
6,815.7 |
5,604.5 |
2,740.6 |
4,447.7 |
4,673.2 |
|
Affiliates Stock |
420.8 |
361.2 |
419.5 |
282.5 |
207.1 |
|
Other Fixed Assets |
310.0 |
278.6 |
120.1 |
180.2 |
199.8 |
|
Forgn Dev't Fund |
59.3 |
16.0 |
6.5 |
3.9 |
5.1 |
|
LT Receivable |
381.8 |
420.1 |
559.8 |
394.6 |
218.6 |
|
LA Defer Tax Dbt |
5.4 |
7.1 |
23.0 |
2.4 |
3.6 |
|
Land |
503.5 |
414.0 |
384.5 |
504.3 |
579.7 |
|
Buildings |
516.0 |
473.6 |
434.3 |
571.0 |
599.1 |
|
Buildings Depre. |
-92.2 |
-77.6 |
-60.4 |
-65.8 |
-124.4 |
|
Structures |
388.2 |
333.6 |
309.0 |
366.6 |
365.9 |
|
Structure Depre. |
-131.6 |
-111.6 |
-89.5 |
-103.1 |
-91.3 |
|
Tools/Equip./Fix |
334.5 |
302.0 |
221.2 |
178.6 |
249.5 |
|
Tool/Equip Depr. |
-228.4 |
-200.8 |
-156.7 |
-156.4 |
-205.3 |
|
Machinery/Equip. |
1,683.5 |
1,515.0 |
1,382.9 |
1,728.6 |
1,223.7 |
|
Mach/Equip Depre |
-730.5 |
-599.3 |
-455.3 |
-466.0 |
-355.3 |
|
Ships |
22.1 |
4.2 |
3.1 |
50.7 |
52.8 |
|
Ships Deprec. |
-3.8 |
-3.1 |
-2.5 |
-45.8 |
-46.2 |
|
Transport Equip. |
34.8 |
31.5 |
24.7 |
27.9 |
27.0 |
|
Software, Intangible |
18.3 |
24.9 |
26.1 |
41.9 |
8.6 |
|
Transport Deprec |
-21.5 |
-20.1 |
-15.5 |
-18.0 |
-16.9 |
|
Construction |
151.3 |
168.6 |
62.8 |
69.8 |
430.1 |
|
Other Tangibles |
55.6 |
53.0 |
31.3 |
85.2 |
23.6 |
|
Deprec.-Other |
-14.4 |
-11.0 |
-7.5 |
-25.7 |
-3.6 |
|
Fields/Trees |
3.7 |
3.6 |
3.3 |
4.4 |
4.4 |
|
Usage Income Rgt |
10.0 |
10.7 |
11.9 |
16.7 |
18.1 |
|
Mining Rights |
154.2 |
165.8 |
0.0 |
0.0 |
0.1 |
|
Indust.-Patent |
1.8 |
1.9 |
1.9 |
2.8 |
1.8 |
|
LA Develop Costs |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Intangible |
11.8 |
17.2 |
3.8 |
0.8 |
0.9 |
|
Goodwill |
51.3 |
55.4 |
54.5 |
- |
- |
|
Total Assets |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
1,972.7 |
1,770.7 |
1,700.1 |
3,044.5 |
2,439.2 |
|
Accounts Payable |
539.5 |
436.9 |
407.1 |
492.5 |
526.6 |
|
Taxes Payable |
103.6 |
113.0 |
57.0 |
152.8 |
142.0 |
|
Accrued Expenses |
242.9 |
148.6 |
167.9 |
262.0 |
173.2 |
|
Customer Advance |
1,191.6 |
1,378.5 |
1,310.8 |
1,262.9 |
1,305.6 |
|
Prepaid Income |
0.3 |
0.4 |
0.3 |
2.2 |
2.5 |
|
Deposit Withheld |
140.4 |
111.1 |
81.8 |
66.3 |
114.4 |
|
ST Borrowings |
646.8 |
351.0 |
1,288.3 |
563.5 |
459.4 |
|
Deferred Income Tax Credits |
0.0 |
0.1 |
2.0 |
- |
- |
|
Current Port LTD |
806.0 |
341.1 |
170.8 |
113.3 |
567.4 |
|
Discount on Debentures Issuance, Current |
-0.6 |
- |
- |
- |
- |
|
Construction Loss Provision |
9.0 |
16.8 |
35.5 |
40.8 |
61.2 |
|
Other Current Liabilities |
1.1 |
0.5 |
0.1 |
0.1 |
4.6 |
|
Total Current Liability |
5,653.2 |
4,668.6 |
5,221.8 |
6,000.9 |
5,796.1 |
|
|
|
|
|
|
|
|
Bonds |
490.8 |
893.8 |
563.3 |
491.1 |
488.6 |
|
Discount on Debentures Issuance, Non-Cur |
-1.3 |
- |
- |
- |
- |
|
LT Borrowings |
514.8 |
539.5 |
811.6 |
470.6 |
224.2 |
|
Total Long Term Debt |
1,004.3 |
1,433.4 |
1,374.9 |
961.8 |
712.8 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
21.1 |
47.6 |
33.5 |
7.9 |
40.9 |
|
Rental Secur Dep |
43.8 |
47.6 |
5.4 |
4.3 |
48.7 |
|
LT Prepaid Incom |
0.6 |
0.9 |
1.1 |
1.8 |
2.2 |
|
Other LT Liabs. |
13.0 |
12.8 |
0.2 |
0.1 |
0.4 |
|
Error Adj. Prov. |
106.5 |
85.2 |
61.2 |
61.2 |
58.2 |
|
Deferred Income Tax, Credit |
1,460.9 |
1,176.4 |
535.4 |
1,014.4 |
1,074.8 |
|
Retire Reserve |
281.9 |
251.1 |
95.7 |
109.2 |
117.5 |
|
Minority Int. |
1,491.1 |
1,369.3 |
1,043.8 |
1,487.1 |
1,339.5 |
|
Plan Assets |
-157.2 |
-140.9 |
- |
- |
- |
|
Transfer to National Pension Fund |
-1.4 |
-1.5 |
- |
- |
- |
|
Total Liabilities |
9,917.8 |
8,950.5 |
8,373.0 |
9,648.7 |
9,191.0 |
|
|
|
|
|
|
|
|
Common Stock |
688.2 |
670.8 |
620.1 |
834.5 |
839.9 |
|
Preferred Stock |
20.5 |
20.0 |
18.5 |
24.8 |
25.0 |
|
Consolidated Capital Surplus |
879.3 |
860.0 |
795.3 |
1,077.5 |
1,012.2 |
|
Consolidated Retained Earnings |
1,653.1 |
1,275.6 |
994.8 |
1,051.0 |
675.4 |
|
Other Capital Adjustment |
-4.9 |
-2.1 |
0.0 |
- |
-13.8 |
|
Gain-Valuation of Derivatives |
-19.4 |
-12.7 |
-53.1 |
15.0 |
5.3 |
|
Stock Options |
1.3 |
2.2 |
2.7 |
5.6 |
7.8 |
|
G-Secs for Sale Valuation |
4,557.8 |
3,747.2 |
1,572.5 |
2,551.0 |
2,725.1 |
|
Capital Change, Equity Method |
92.8 |
61.6 |
116.8 |
52.2 |
35.6 |
|
Capital Change, Equity Method (Loss) |
-48.0 |
-25.5 |
-2.3 |
-31.3 |
-24.7 |
|
Treasury Stock |
-269.7 |
-273.8 |
-259.3 |
-227.3 |
-102.0 |
|
Overseas Business Trans. Debit/Credit |
65.2 |
78.8 |
80.7 |
-105.8 |
-121.4 |
|
Total Equity |
7,616.3 |
6,402.1 |
3,886.6 |
5,247.1 |
5,064.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
Total Common Shares Outstandin |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
T/S-Common Stock |
9.5 |
9.9 |
10.2 |
8.8 |
6.9 |
|
S/O-Preferred Stock |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
Total Preferred Shares Outstan |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
T/S-Preferred Stock |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Deferred Revenue, Current |
1,191.9 |
1,379.0 |
1,311.0 |
1,265.1 |
1,308.1 |
|
Full-Time Employees |
5,049 |
4,665 |
4,476 |
4,141 |
4,343 |
|
Number of Common Shareholders |
123,044 |
118,965 |
122,853 |
94,911 |
53,692 |
|
Long-Term Debts Due in 1 Year |
806.0 |
332.5 |
172.7 |
108.4 |
568.8 |
|
Long-Term Debts Due in 2 Years |
235.0 |
863.2 |
434.0 |
228.6 |
271.1 |
|
Long-Term Debts Due in 3 Years |
620.5 |
179.7 |
611.3 |
465.9 |
195.5 |
|
Long-Term Debts Due in 4 Years |
54.1 |
180.4 |
16.8 |
213.0 |
7.5 |
|
Long-Term Debts Due in 5 Years |
- |
- |
- |
- |
216.8 |
|
Long-Term Debts Due Remaining |
96.0 |
212.4 |
314.4 |
57.3 |
28.9 |
|
Total Long Term Debt, Supplemental |
1,811.6 |
1,768.2 |
1,549.2 |
1,073.3 |
1,288.6 |
Annual
Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
629.8 |
462.3 |
331.8 |
727.5 |
450.2 |
|
Depreciation |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Amort. Intangible |
41.7 |
35.0 |
7.1 |
3.7 |
4.8 |
|
Amort-Bad Debt Expenses |
44.3 |
46.3 |
100.9 |
38.1 |
19.1 |
|
Retirement Allowance |
59.4 |
44.3 |
52.6 |
73.7 |
61.4 |
|
Loss-Dec/Develop Exp |
- |
- |
- |
0.0 |
87.8 |
|
Transf-Construcn Rsv |
22.4 |
1.5 |
24.0 |
5.7 |
46.3 |
|
Error Adj Allow Paid |
40.1 |
32.2 |
25.6 |
26.6 |
28.6 |
|
Other Non-Operating Expense |
2.0 |
1.8 |
0.1 |
- |
- |
|
Amort.Conv Rgts.Adj. |
- |
- |
- |
- |
0.4 |
|
Stock Compensation |
- |
- |
- |
- |
0.3 |
|
Translation Loss |
84.8 |
94.3 |
256.0 |
38.3 |
52.8 |
|
Amort. of Discount |
1.5 |
2.4 |
3.3 |
4.3 |
6.1 |
|
Valuation Inventory |
0.0 |
2.0 |
3.9 |
7.4 |
1.9 |
|
Loss-Decr. Inv Secs. |
12.1 |
12.9 |
0.2 |
9.9 |
48.7 |
|
Disposition of Inv. |
7.9 |
1.9 |
1.4 |
6.6 |
0.4 |
|
Disp Tang Asst Loss |
1.3 |
3.6 |
7.4 |
1.7 |
2.3 |
|
Loss Equity Method |
9.3 |
3.1 |
6.7 |
5.7 |
4.8 |
|
L-Trade Rcvbl Disp |
10.2 |
11.8 |
22.8 |
20.3 |
40.9 |
|
Reversal Prov. Doubt |
- |
-16.2 |
-1.2 |
-1.3 |
-31.0 |
|
Rvrs-Construct L Rsv |
-30.5 |
-21.2 |
-18.1 |
-25.8 |
-18.1 |
|
Gain Disp of Inv Ast |
-177.1 |
-0.6 |
-27.7 |
-81.8 |
-28.9 |
|
Gain Disp Tang. Ast |
-4.1 |
-2.2 |
-20.8 |
-1.1 |
-13.8 |
|
Gain-Discontinued Operation |
- |
- |
- |
-161.1 |
- |
|
Translation Gain |
-54.4 |
-92.4 |
-245.6 |
-39.9 |
-43.3 |
|
Dispos./Intang Asset |
- |
- |
- |
- |
-1.2 |
|
Amort Provis. of PV |
-4.2 |
-4.1 |
-6.4 |
-9.3 |
-16.1 |
|
Equity Earnings |
-56.5 |
-37.7 |
-27.2 |
-28.8 |
-19.2 |
|
Other Special Income |
-3.2 |
-1.2 |
-0.2 |
-1.5 |
-0.5 |
|
Inventory |
-316.3 |
-51.5 |
-131.9 |
-59.0 |
49.5 |
|
Trade Receivables |
-605.6 |
341.8 |
336.9 |
-305.4 |
-230.1 |
|
Accrued Income |
4.4 |
-41.7 |
-38.8 |
-20.2 |
2.9 |
|
Account Receivables |
-3.5 |
3.6 |
44.2 |
-57.1 |
42.0 |
|
Prepaid Expenses |
-83.9 |
-18.1 |
-118.4 |
-57.5 |
-37.5 |
|
Advanced Payment |
-56.7 |
5.9 |
-111.0 |
-16.5 |
-61.8 |
|
Security Deposits |
1.4 |
6.2 |
-26.6 |
15.7 |
-6.3 |
|
Deferred Taxes-Asset |
-29.5 |
-2.1 |
-13.0 |
6.9 |
-16.9 |
|
Other Quick Asset |
-0.2 |
1.6 |
-19.5 |
-3.2 |
1.7 |
|
Trade Payables |
144.4 |
-110.9 |
-1,004.1 |
558.4 |
215.1 |
|
Account Payables |
31.9 |
-22.4 |
-61.7 |
-156.2 |
41.1 |
|
Accrued Expenses |
71.3 |
-35.1 |
-36.8 |
92.3 |
72.8 |
|
Accrued Income Taxes |
-1.3 |
42.5 |
-63.2 |
-52.6 |
59.9 |
|
Unearned Income |
-0.4 |
1.2 |
-3.7 |
-0.1 |
-0.7 |
|
Advances Received |
-238.3 |
-35.5 |
398.5 |
-12.4 |
-8.8 |
|
Deposits Withheld |
27.1 |
27.3 |
56.3 |
-7.9 |
68.4 |
|
Deferred Taxes-Liability |
55.8 |
18.8 |
9.7 |
25.3 |
5.2 |
|
Other Current Liabilities |
-11.6 |
22.8 |
26.8 |
-4.0 |
0.5 |
|
Defect Repair Cost |
-21.2 |
-14.8 |
-6.2 |
-23.1 |
-21.8 |
|
Exports Receivable |
- |
- |
- |
-58.3 |
- |
|
Deferred Notes Receivable, Current |
- |
- |
- |
58.3 |
- |
|
National Pension |
0.1 |
0.1 |
0.1 |
0.6 |
0.3 |
|
Pymt of Retire Allow |
-36.0 |
-30.3 |
-12.1 |
-49.1 |
-31.7 |
|
Retirement Pension Operating Fund |
-12.3 |
-11.9 |
-23.9 |
-23.8 |
-14.1 |
|
Cash Inflow-Consolidation Scope Changes |
- |
- |
- |
-91.1 |
- |
|
Overseas Business Translation Debit |
-1.9 |
-19.1 |
158.0 |
18.6 |
-12.8 |
|
Dividend Income, A/L |
2.4 |
- |
- |
- |
- |
|
Cash from Operating Activities |
-244.5 |
835.5 |
42.8 |
579.4 |
965.8 |
|
|
|
|
|
|
|
|
Dec-ST Financial Assets |
52.1 |
8.0 |
- |
7.7 |
250.2 |
|
Dec-LT Financial Assets |
- |
0.3 |
0.0 |
0.1 |
0.9 |
|
Dec in ST Loans |
285.9 |
- |
7.7 |
- |
114.3 |
|
Dec LT Rcvbl |
220.5 |
118.6 |
254.0 |
88.3 |
13.6 |
|
Decrease-ST Receivable |
- |
- |
13.4 |
- |
- |
|
Dec-Current LT Rcvbl |
- |
- |
- |
15.0 |
7.7 |
|
Disposal-Securities under Equity Method |
- |
- |
- |
2.6 |
- |
|
Decrease in Securities for Sale |
45.5 |
3.8 |
50.3 |
82.5 |
86.4 |
|
Dec. Other Inv Asset |
1.6 |
3.5 |
3.0 |
36.9 |
21.8 |
|
Disp Tangible Assets |
13.0 |
9.6 |
100.6 |
3.9 |
18.8 |
|
Dec-Overseas Resources Development Fund |
7.5 |
- |
- |
- |
- |
|
Disposal Intangibles |
- |
0.7 |
0.8 |
495.7 |
1.2 |
|
Increase-ST Investment Assets |
- |
- |
-35.1 |
- |
- |
|
Increase-LT Financial Assets |
- |
- |
-3.3 |
-0.3 |
- |
|
Inc LT Rcvbl |
-221.2 |
-125.2 |
-336.5 |
-267.9 |
-18.4 |
|
Increase-ST Loans |
- |
-55.6 |
- |
-197.5 |
- |
|
Increase-Securities under Equity Method |
-1.4 |
-14.4 |
-249.2 |
-13.0 |
- |
|
Increase in Securities for Sale |
-42.6 |
-48.1 |
-115.1 |
-74.3 |
-73.1 |
|
Inc-Other Inv. Asset |
-12.8 |
-7.5 |
-23.4 |
-17.1 |
-17.1 |
|
Inc-Natural Resources Develop. Cost |
-49.4 |
-8.2 |
-3.9 |
-1.4 |
-1.9 |
|
Acq. Tangible Asset |
-349.9 |
-208.1 |
-207.8 |
-509.0 |
-398.2 |
|
Acq Intangible Asset |
-9.6 |
-6.5 |
-67.9 |
-23.4 |
-0.6 |
|
Cash from Investing Activities |
-60.7 |
-329.1 |
-612.3 |
-371.1 |
5.5 |
|
|
|
|
|
|
|
|
Increase-ST Borrowings |
277.1 |
- |
775.6 |
118.4 |
- |
|
Inc in LT Borrowings |
186.1 |
148.6 |
348.7 |
394.2 |
16.0 |
|
Increase in Bonds |
220.3 |
351.1 |
406.0 |
107.6 |
277.5 |
|
Inc Lease Guarantee |
0.1 |
38.3 |
2.6 |
0.7 |
0.9 |
|
Increase-Other LT Liabilities |
- |
- |
115.9 |
- |
- |
|
Disposal-Treasury Stock |
- |
- |
- |
- |
43.0 |
|
Stock Options |
3.7 |
2.5 |
6.6 |
11.2 |
15.4 |
|
Minority Interest Dividend |
-141.3 |
-5.8 |
-68.2 |
-53.0 |
-208.3 |
|
Dec-Current Portion of LT Debt |
-342.7 |
-220.0 |
-95.2 |
-566.5 |
-478.1 |
|
Dec of ST Borrowings |
- |
-1,037.9 |
- |
- |
-166.5 |
|
Dec in LT Borrowings |
-63.7 |
-162.8 |
-36.0 |
-153.0 |
-261.8 |
|
Acquisition-Treasury Stock |
- |
- |
-120.4 |
-147.4 |
- |
|
Dec Lease Guarantee |
-5.2 |
0.0 |
-0.1 |
-39.4 |
-1.2 |
|
Decrease in Other Fixed Assets |
-0.1 |
-0.3 |
- |
-8.1 |
-4.6 |
|
Dividends Paid |
-65.2 |
-59.0 |
-69.1 |
-58.1 |
-39.5 |
|
Decrease-Minority Interest, FN |
- |
- |
- |
- |
-9.3 |
|
Dec due to Con Scope |
- |
70.2 |
22.9 |
57.3 |
-4.8 |
|
Cash from Financing Activities |
69.0 |
-875.1 |
1,289.4 |
-336.0 |
-821.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-236.2 |
-368.6 |
719.8 |
-127.7 |
150.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,230.3 |
1,483.1 |
1,000.3 |
1,312.5 |
1,126.9 |
|
Net Cash - Ending Balance |
994.1 |
1,114.5 |
1,720.1 |
1,184.7 |
1,276.9 |
Annual
Income Statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
Total Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
|
|
|
|
|
|
|
Cost of Revenue |
17,937.5 |
12,963.7 |
17,160.6 |
15,767.0 |
14,884.5 |
|
Cost of Revenue, Total |
17,937.5 |
12,963.7 |
17,160.6 |
15,767.0 |
14,884.5 |
|
Gross Profit |
1,820.3 |
1,529.7 |
1,451.2 |
1,819.4 |
1,647.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
542.0 |
464.6 |
1,022.3 |
1,068.2 |
884.3 |
|
Labor & Related Expense |
386.5 |
314.0 |
- |
- |
- |
|
Advertising Expense |
18.3 |
17.7 |
- |
- |
- |
|
Total Selling/General/Administrative Expenses |
946.9 |
796.2 |
1,022.3 |
1,068.2 |
884.3 |
|
Research & Development |
91.3 |
75.8 |
- |
- |
- |
|
Depreciation |
40.9 |
36.0 |
- |
- |
- |
|
Depreciation/Amortization |
40.9 |
36.0 |
- |
- |
- |
|
Impairment-Assets Held for Use |
12.1 |
12.9 |
0.2 |
9.9 |
39.8 |
|
Unusual Expense (Income) |
12.1 |
12.9 |
0.2 |
9.9 |
39.8 |
|
Total Operating Expense |
19,028.8 |
13,884.6 |
18,183.1 |
16,845.1 |
15,808.6 |
|
|
|
|
|
|
|
|
Operating Income |
729.0 |
608.8 |
428.7 |
741.3 |
723.8 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-123.0 |
-151.1 |
-126.7 |
-113.2 |
-118.6 |
|
Interest Expense, Net Non-Operating |
-123.0 |
-151.1 |
-126.7 |
-113.2 |
-118.6 |
|
Interest Income -
Non-Operating |
57.8 |
86.5 |
95.6 |
141.3 |
124.2 |
|
Investment Income -
Non-Operating |
221.5 |
39.1 |
89.1 |
90.9 |
0.1 |
|
Interest/Investment Income - Non-Operating |
279.4 |
125.6 |
184.7 |
232.2 |
124.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
156.4 |
-25.5 |
57.9 |
119.0 |
5.6 |
|
Gain (Loss) on Sale of Assets |
-7.4 |
-13.3 |
-9.4 |
-21.0 |
-10.8 |
|
Other Non-Operating Income (Expense) |
2.1 |
80.1 |
-40.3 |
2.8 |
-54.2 |
|
Other, Net |
2.1 |
80.1 |
-40.3 |
2.8 |
-54.2 |
|
Income Before Tax |
880.1 |
650.0 |
437.0 |
842.1 |
664.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
250.4 |
187.7 |
105.2 |
275.7 |
228.0 |
|
Income After Tax |
629.8 |
462.3 |
331.8 |
566.4 |
436.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-224.4 |
-221.2 |
-17.7 |
-213.2 |
-245.5 |
|
Net Income Before Extraord Items |
405.3 |
241.1 |
314.1 |
353.1 |
191.0 |
|
Discontinued Operations |
- |
- |
- |
161.1 |
13.7 |
|
Total Extraord Items |
- |
- |
- |
161.1 |
13.7 |
|
Net Income |
405.3 |
241.1 |
314.1 |
514.2 |
204.7 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-2.0 |
-1.8 |
-2.1 |
-2.5 |
-1.8 |
|
Total Adjustments to Net Income |
-2.0 |
-1.8 |
-2.1 |
-2.5 |
-1.8 |
|
Income Available to Common Excl Extraord Items |
403.3 |
239.3 |
312.0 |
350.6 |
189.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
403.3 |
239.3 |
312.0 |
511.7 |
202.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
146.5 |
146.2 |
146.5 |
148.1 |
148.1 |
|
Basic EPS Excl Extraord Items |
2.75 |
1.64 |
2.13 |
2.37 |
1.28 |
|
Basic/Primary EPS Incl Extraord Items |
2.75 |
1.64 |
2.13 |
3.45 |
1.37 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Diluted Net Income |
403.3 |
239.3 |
312.0 |
511.7 |
203.1 |
|
Diluted Weighted Average Shares |
147.0 |
146.9 |
147.5 |
149.6 |
149.9 |
|
Diluted EPS Excl Extraord Items |
2.74 |
1.63 |
2.11 |
2.34 |
1.26 |
|
Diluted EPS Incl Extraord Items |
2.74 |
1.63 |
2.11 |
3.42 |
1.35 |
|
Dividends per Share - Common Stock Primary Issue |
0.43 |
0.39 |
0.45 |
0.54 |
0.37 |
|
Gross Dividends - Common Stock |
63.4 |
57.3 |
66.3 |
79.3 |
54.7 |
|
Interest Expense, Supplemental |
123.0 |
151.1 |
126.7 |
113.2 |
118.6 |
|
Depreciation, Supplemental |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Total Special Items |
25.0 |
31.7 |
12.6 |
30.9 |
50.6 |
|
Normalized Income Before Tax |
905.1 |
681.7 |
449.6 |
873.0 |
715.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
5.6 |
7.6 |
2.3 |
10.1 |
17.4 |
|
Inc Tax Ex Impact of Sp Items |
255.9 |
195.3 |
107.5 |
285.8 |
245.3 |
|
Normalized Income After Tax |
649.2 |
486.4 |
342.1 |
587.2 |
469.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
422.8 |
263.4 |
322.3 |
371.4 |
222.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.89 |
1.80 |
2.20 |
2.51 |
1.50 |
|
Diluted Normalized EPS |
2.88 |
1.79 |
2.18 |
2.48 |
1.48 |
|
Amort of Acquisition Costs, Supplemental |
5.5 |
5.5 |
3.0 |
- |
- |
|
Amort of Intangibles, Supplemental |
36.3 |
29.6 |
4.0 |
3.7 |
4.8 |
|
Rental Expenses |
22.1 |
20.3 |
24.6 |
33.3 |
21.9 |
|
Advertising Expense, Supplemental |
18.3 |
17.7 |
19.8 |
22.3 |
23.4 |
|
Research & Development Exp, Supplemental |
91.3 |
75.8 |
84.6 |
81.7 |
61.6 |
|
Normalized EBIT |
741.2 |
621.7 |
428.9 |
751.2 |
763.6 |
|
Normalized EBITDA |
981.3 |
833.9 |
622.4 |
936.4 |
932.7 |
Annual
Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,012.8 |
1,221.7 |
1,503.0 |
1,176.1 |
1,311.3 |
|
Short Term Investments |
158.3 |
170.2 |
176.8 |
88.3 |
82.9 |
|
Cash and Short Term Investments |
1,171.1 |
1,391.8 |
1,679.8 |
1,264.4 |
1,394.2 |
|
Accounts Receivable -
Trade, Gross |
2,812.5 |
2,120.7 |
2,304.1 |
3,136.7 |
2,762.6 |
|
Provision for Doubtful
Accounts |
-140.0 |
-134.7 |
-115.5 |
-85.5 |
-72.8 |
|
Trade Accounts Receivable - Net |
2,825.2 |
2,109.6 |
2,272.2 |
3,114.0 |
2,739.3 |
|
Other Receivables |
614.1 |
956.4 |
702.3 |
928.4 |
660.6 |
|
Total Receivables, Net |
3,439.3 |
3,066.0 |
2,974.5 |
4,042.4 |
3,399.9 |
|
Inventories - Finished Goods |
757.0 |
534.7 |
553.7 |
528.4 |
527.4 |
|
Inventories - Work In Progress |
40.1 |
24.7 |
24.0 |
22.2 |
21.1 |
|
Inventories - Raw Materials |
286.7 |
192.9 |
211.5 |
224.7 |
163.8 |
|
Inventories - Other |
439.1 |
346.2 |
317.4 |
252.3 |
256.3 |
|
Total Inventory |
1,522.9 |
1,098.5 |
1,106.5 |
1,027.5 |
968.7 |
|
Prepaid Expenses |
526.7 |
428.1 |
367.8 |
371.5 |
318.1 |
|
Deferred Income Tax - Current Asset |
71.9 |
40.0 |
22.8 |
36.2 |
49.8 |
|
Other Current Assets |
90.9 |
89.0 |
70.9 |
73.5 |
74.3 |
|
Other Current Assets, Total |
162.8 |
129.0 |
93.7 |
109.7 |
124.1 |
|
Total Current Assets |
6,822.8 |
6,113.5 |
6,222.2 |
6,815.5 |
6,205.0 |
|
|
|
|
|
|
|
|
Buildings |
904.2 |
807.2 |
743.4 |
937.6 |
965.0 |
|
Land/Improvements |
503.5 |
414.0 |
384.5 |
504.3 |
579.7 |
|
Machinery/Equipment |
2,075.0 |
1,852.6 |
1,631.9 |
1,985.8 |
1,553.0 |
|
Construction in
Progress |
155.0 |
172.2 |
66.1 |
74.3 |
434.6 |
|
Other
Property/Plant/Equipment |
55.6 |
53.0 |
31.3 |
85.2 |
23.6 |
|
Property/Plant/Equipment - Gross |
3,693.2 |
3,299.1 |
2,857.1 |
3,587.2 |
3,555.9 |
|
Accumulated Depreciation |
-1,222.5 |
-1,023.4 |
-787.5 |
-880.9 |
-842.9 |
|
Property/Plant/Equipment - Net |
2,470.8 |
2,275.6 |
2,069.6 |
2,706.3 |
2,713.0 |
|
Goodwill, Net |
51.3 |
55.4 |
54.5 |
- |
- |
|
Intangibles, Net |
196.1 |
220.4 |
43.6 |
62.2 |
29.5 |
|
LT Investment - Affiliate Companies |
420.8 |
361.2 |
419.5 |
282.5 |
207.1 |
|
LT Investments - Other |
7,125.8 |
5,883.2 |
2,861.0 |
4,628.6 |
4,873.5 |
|
Long Term Investments |
7,546.6 |
6,244.4 |
3,280.5 |
4,911.0 |
5,080.6 |
|
Note Receivable - Long Term |
381.8 |
420.1 |
559.8 |
394.6 |
218.6 |
|
Deferred Income Tax - Long Term Asset |
5.4 |
7.1 |
23.0 |
2.4 |
3.6 |
|
Other Long Term Assets |
59.3 |
16.0 |
6.5 |
3.9 |
5.1 |
|
Other Long Term Assets, Total |
64.7 |
23.1 |
29.5 |
6.3 |
8.7 |
|
Total Assets |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,972.7 |
1,770.7 |
1,700.1 |
3,044.5 |
2,439.2 |
|
Accrued Expenses |
242.9 |
148.6 |
167.9 |
262.0 |
173.2 |
|
Notes Payable/Short Term Debt |
646.8 |
351.0 |
1,288.3 |
563.5 |
459.4 |
|
Current Portion - Long Term Debt/Capital Leases |
805.4 |
341.1 |
170.8 |
113.3 |
567.4 |
|
Customer Advances |
1,191.9 |
1,379.0 |
1,311.0 |
1,265.1 |
1,308.1 |
|
Income Taxes Payable |
103.6 |
113.0 |
57.0 |
152.8 |
142.0 |
|
Other Payables |
539.5 |
436.9 |
407.1 |
492.5 |
526.6 |
|
Deferred Income Tax - Current Liability |
0.0 |
0.1 |
2.0 |
- |
- |
|
Other Current Liabilities |
150.4 |
128.4 |
117.5 |
107.2 |
180.2 |
|
Other Current liabilities, Total |
1,985.5 |
2,057.2 |
1,894.7 |
2,017.6 |
2,156.9 |
|
Total Current Liabilities |
5,653.2 |
4,668.6 |
5,221.8 |
6,000.9 |
5,796.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,004.3 |
1,433.4 |
1,374.9 |
961.8 |
712.8 |
|
Total Long Term Debt |
1,004.3 |
1,433.4 |
1,374.9 |
961.8 |
712.8 |
|
Total Debt |
2,456.5 |
2,125.5 |
2,834.0 |
1,638.6 |
1,739.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1,460.9 |
1,176.4 |
535.4 |
1,014.4 |
1,074.8 |
|
Deferred Income Tax |
1,460.9 |
1,176.4 |
535.4 |
1,014.4 |
1,074.8 |
|
Minority Interest |
1,491.1 |
1,369.3 |
1,043.8 |
1,487.1 |
1,339.5 |
|
Reserves |
106.5 |
85.2 |
61.2 |
61.2 |
58.2 |
|
Pension Benefits - Underfunded |
123.3 |
108.7 |
95.7 |
109.2 |
117.5 |
|
Other Long Term Liabilities |
78.5 |
108.9 |
40.2 |
14.0 |
92.1 |
|
Other Liabilities, Total |
308.3 |
302.8 |
197.1 |
184.4 |
267.7 |
|
Total Liabilities |
9,917.8 |
8,950.5 |
8,373.0 |
9,648.7 |
9,191.0 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
20.5 |
20.0 |
18.5 |
24.8 |
25.0 |
|
Preferred Stock - Non Redeemable, Net |
20.5 |
20.0 |
18.5 |
24.8 |
25.0 |
|
Common Stock |
688.2 |
670.8 |
620.1 |
834.5 |
839.9 |
|
Common Stock |
688.2 |
670.8 |
620.1 |
834.5 |
839.9 |
|
Additional Paid-In Capital |
880.6 |
862.2 |
798.0 |
1,083.1 |
1,020.0 |
|
Retained Earnings (Accumulated Deficit) |
1,653.1 |
1,275.6 |
994.8 |
1,051.0 |
675.4 |
|
Treasury Stock - Common |
-269.7 |
-273.8 |
-259.3 |
-227.3 |
-102.0 |
|
Unrealized Gain (Loss) |
4,583.2 |
3,770.6 |
1,633.9 |
2,586.9 |
2,741.3 |
|
Translation Adjustment |
65.2 |
78.8 |
80.7 |
-105.8 |
-121.4 |
|
Other Equity |
-4.9 |
-2.1 |
0.0 |
- |
-13.8 |
|
Other Equity, Total |
60.3 |
76.7 |
80.7 |
-105.8 |
-135.1 |
|
Total Equity |
7,616.3 |
6,402.1 |
3,886.6 |
5,247.1 |
5,064.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
Total Common Shares Outstanding |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
Treasury Shares - Common Stock Primary Issue |
9.5 |
9.9 |
10.2 |
8.8 |
6.9 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
Total Preferred Stock Outstanding |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
Treasury Shares - Preferred Primary Issue |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Employees |
5,049 |
4,665 |
4,476 |
4,141 |
4,343 |
|
Number of Common Shareholders |
123,044 |
118,965 |
122,853 |
94,911 |
53,692 |
|
Deferred Revenue - Current |
1,191.9 |
1,379.0 |
1,311.0 |
1,265.1 |
1,308.1 |
|
Total Long Term Debt, Supplemental |
1,811.6 |
1,768.2 |
1,549.2 |
1,073.3 |
1,288.6 |
|
Long Term Debt Maturing within 1 Year |
806.0 |
332.5 |
172.7 |
108.4 |
568.8 |
|
Long Term Debt Maturing in Year 2 |
235.0 |
863.2 |
434.0 |
228.6 |
271.1 |
|
Long Term Debt Maturing in Year 3 |
620.5 |
179.7 |
611.3 |
465.9 |
195.5 |
|
Long Term Debt Maturing in Year 4 |
54.1 |
180.4 |
16.8 |
213.0 |
7.5 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
- |
216.8 |
|
Long Term Debt Maturing in 2-3 Years |
855.5 |
1,042.9 |
1,045.4 |
694.6 |
466.7 |
|
Long Term Debt Maturing in 4-5 Years |
54.1 |
180.4 |
16.8 |
213.0 |
224.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
96.0 |
212.4 |
314.4 |
57.3 |
28.9 |
Annual
Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
629.8 |
462.3 |
331.8 |
727.5 |
450.2 |
|
Depreciation |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Depreciation/Depletion |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Amortization of Intangibles |
41.7 |
35.0 |
7.1 |
3.7 |
4.8 |
|
Amortization |
41.7 |
35.0 |
7.1 |
3.7 |
4.8 |
|
Deferred Taxes |
26.3 |
16.7 |
-3.3 |
32.2 |
-11.7 |
|
Unusual Items |
-149.7 |
29.4 |
-12.8 |
-36.8 |
138.1 |
|
Equity in Net Earnings (Loss) |
-47.2 |
-34.6 |
-20.5 |
-23.1 |
-14.5 |
|
Other Non-Cash Items |
160.2 |
68.5 |
349.1 |
-124.5 |
93.0 |
|
Non-Cash Items |
-36.6 |
63.3 |
315.9 |
-184.4 |
216.7 |
|
Accounts Receivable |
-604.6 |
303.8 |
342.3 |
-382.7 |
-185.2 |
|
Inventories |
-373.0 |
-45.6 |
-242.9 |
-75.5 |
-12.2 |
|
Prepaid Expenses |
-83.9 |
-18.1 |
-118.4 |
-57.5 |
-37.5 |
|
Other Assets |
1.2 |
7.8 |
-46.1 |
12.5 |
-4.6 |
|
Accounts Payable |
176.3 |
-133.3 |
-1,065.8 |
402.2 |
256.2 |
|
Accrued Expenses |
71.3 |
-35.1 |
-36.8 |
92.3 |
72.8 |
|
Taxes Payable |
-1.3 |
42.5 |
-63.2 |
-52.6 |
59.9 |
|
Other Liabilities |
-292.6 |
-41.1 |
435.8 |
-119.6 |
-8.0 |
|
Other Operating Cash Flow |
2.4 |
- |
- |
- |
- |
|
Changes in Working Capital |
-1,104.1 |
81.0 |
-795.0 |
-181.0 |
141.6 |
|
Cash from Operating Activities |
-244.5 |
835.5 |
42.8 |
579.4 |
965.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-349.9 |
-208.1 |
-207.8 |
-509.0 |
-398.2 |
|
Purchase/Acquisition of Intangibles |
-59.0 |
-14.7 |
-71.8 |
-24.8 |
-2.5 |
|
Capital Expenditures |
-408.9 |
-222.8 |
-279.6 |
-533.8 |
-400.7 |
|
Sale of Fixed Assets |
13.0 |
9.6 |
100.6 |
3.9 |
18.8 |
|
Sale/Maturity of Investment |
99.2 |
15.6 |
53.4 |
129.9 |
359.3 |
|
Purchase of Investments |
-56.8 |
-70.0 |
-426.2 |
-104.7 |
-90.3 |
|
Sale of Intangible Assets |
- |
0.7 |
0.8 |
495.7 |
1.2 |
|
Other Investing Cash Flow |
292.8 |
-62.2 |
-61.4 |
-362.1 |
117.2 |
|
Other Investing Cash Flow Items, Total |
348.2 |
-106.3 |
-332.8 |
162.7 |
406.2 |
|
Cash from Investing Activities |
-60.7 |
-329.1 |
-612.3 |
-371.1 |
5.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-146.5 |
102.4 |
73.2 |
-42.4 |
-227.2 |
|
Financing Cash Flow Items |
-146.5 |
102.4 |
73.2 |
-42.4 |
-227.2 |
|
Total Cash Dividends Paid |
-65.2 |
-59.0 |
-69.1 |
-58.1 |
-39.5 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
43.0 |
|
Repurchase/Retirement
of Common |
- |
- |
-120.4 |
-147.4 |
- |
|
Common Stock, Net |
- |
- |
-120.4 |
-147.4 |
43.0 |
|
Options Exercised |
3.7 |
2.5 |
6.6 |
11.2 |
15.4 |
|
Issuance (Retirement) of Stock, Net |
3.7 |
2.5 |
-113.8 |
-136.2 |
58.4 |
|
Short Term Debt Issued |
277.1 |
- |
775.6 |
118.4 |
- |
|
Short Term Debt
Reduction |
- |
-1,037.9 |
- |
- |
-166.5 |
|
Short Term Debt, Net |
277.1 |
-1,037.9 |
775.6 |
118.4 |
-166.5 |
|
Long Term Debt Issued |
406.4 |
499.7 |
754.8 |
501.8 |
293.5 |
|
Long Term Debt
Reduction |
-406.4 |
-382.8 |
-131.2 |
-719.5 |
-739.9 |
|
Long Term Debt, Net |
0.0 |
116.9 |
623.6 |
-217.7 |
-446.4 |
|
Issuance (Retirement) of Debt, Net |
277.1 |
-921.0 |
1,399.1 |
-99.3 |
-612.9 |
|
Cash from Financing Activities |
69.0 |
-875.1 |
1,289.4 |
-336.0 |
-821.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-236.2 |
-368.6 |
719.8 |
-127.7 |
150.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,230.3 |
1,483.1 |
1,000.3 |
1,312.5 |
1,126.9 |
|
Net Cash - Ending Balance |
994.1 |
1,114.5 |
1,720.1 |
1,184.7 |
1,276.9 |
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
Total Revenue |
19,757.8 |
14,493.4 |
18,611.8 |
17,586.4 |
16,532.4 |
|
|
|
|
|
|
|
|
Cost-Revenue |
17,937.5 |
12,963.7 |
17,160.6 |
15,767.0 |
14,884.5 |
|
Selling&General Administrative Expense |
- |
- |
1,022.3 |
1,068.2 |
884.3 |
|
Salaries and Wages |
319.8 |
259.8 |
- |
- |
- |
|
Retirement and Severance Benefits |
25.0 |
17.2 |
- |
- |
- |
|
Employee Benefits |
41.7 |
37.0 |
- |
- |
- |
|
Depreciation |
40.9 |
36.0 |
- |
- |
- |
|
Travel Expenses |
32.0 |
20.7 |
- |
- |
- |
|
Commissions |
153.4 |
136.7 |
- |
- |
- |
|
Rental Expenses |
22.1 |
20.3 |
- |
- |
- |
|
Freight Expenses |
164.6 |
125.0 |
- |
- |
- |
|
Taxes and Dues |
25.2 |
21.1 |
- |
- |
- |
|
Advertising Expenses |
18.3 |
17.7 |
- |
- |
- |
|
Research & Development Expense |
91.3 |
75.8 |
- |
- |
- |
|
Other Selling and Administrative Expense |
144.6 |
140.8 |
- |
- |
- |
|
Adjustment-Selling and Administrative E |
0.0 |
0.0 |
- |
- |
- |
|
Loss-Reduction of Assets |
12.1 |
12.9 |
0.2 |
9.9 |
39.8 |
|
Total Operating Expense |
19,028.8 |
13,884.6 |
18,183.1 |
16,845.1 |
15,808.6 |
|
|
|
|
|
|
|
|
Interest Income |
57.8 |
86.5 |
95.6 |
141.3 |
124.2 |
|
Dividend Income |
83.0 |
40.3 |
66.2 |
51.7 |
50.5 |
|
Gain-Disposal of Tangible Assets |
4.1 |
2.2 |
20.8 |
1.1 |
13.1 |
|
Recovery-Loan Loss Reserve |
- |
16.2 |
1.2 |
1.3 |
31.0 |
|
Gain/Disp Intang Ast |
- |
- |
- |
0.0 |
1.2 |
|
Gain Disp Inv Asset |
177.1 |
0.6 |
27.7 |
81.8 |
28.9 |
|
Gain-Foreign Currency Translation |
58.2 |
94.9 |
304.1 |
40.0 |
43.3 |
|
Gain-Foreign Exchange Transaction |
387.4 |
394.0 |
665.4 |
143.8 |
127.9 |
|
Other Non-Operating Income |
52.4 |
82.8 |
38.9 |
36.9 |
27.1 |
|
Interest Expense, Non-Operating |
-123.0 |
-151.1 |
-126.7 |
-113.2 |
-118.6 |
|
Loss-Disposal of Accounts Receivable |
-10.2 |
-11.8 |
-22.8 |
-20.3 |
-24.4 |
|
Disp of Inv. Assets |
-7.9 |
-1.9 |
-1.4 |
-6.6 |
-0.4 |
|
Loss-Disposal of Tangible Assets |
-1.3 |
-3.6 |
-7.4 |
-1.7 |
-0.7 |
|
Loss-Foreign Exchange Transaction |
-436.9 |
-425.6 |
-721.8 |
-204.5 |
-211.6 |
|
Loss-Foreign Currency Translation |
-86.6 |
-97.9 |
-271.4 |
-38.4 |
-53.0 |
|
Other Amortization |
-21.7 |
-1.6 |
-41.9 |
-18.7 |
-0.2 |
|
Other Non-Operating Expense |
-19.9 |
-10.1 |
-27.6 |
-5.9 |
-101.4 |
|
Donations Paid, Non-Operating |
-8.8 |
-7.2 |
-10.9 |
-10.8 |
-10.8 |
|
Gain under Equity Method |
56.5 |
37.7 |
27.2 |
28.8 |
19.2 |
|
Loss under Equity Method |
-9.3 |
-3.1 |
-6.7 |
-5.7 |
-4.8 |
|
Net Income Before Taxes |
880.1 |
650.0 |
437.0 |
842.1 |
664.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
250.4 |
187.7 |
105.2 |
275.7 |
228.0 |
|
Net Income After Taxes |
629.8 |
462.3 |
331.8 |
566.4 |
436.5 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
-224.4 |
-221.2 |
-17.7 |
-213.2 |
-245.5 |
|
Net Income Before Extra. Items |
405.3 |
241.1 |
314.1 |
353.1 |
191.0 |
|
Discontinued Operations |
- |
- |
- |
161.1 |
13.7 |
|
Net Income |
405.3 |
241.1 |
314.1 |
514.2 |
204.7 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-2.0 |
-1.8 |
-2.1 |
-2.5 |
-1.8 |
|
Income Available to Com Excl E |
403.3 |
239.3 |
312.0 |
350.6 |
189.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
403.3 |
239.3 |
312.0 |
511.7 |
202.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
146.5 |
146.2 |
146.5 |
148.1 |
148.1 |
|
Basic EPS Excluding ExtraOrdin |
2.75 |
1.64 |
2.13 |
2.37 |
1.28 |
|
Basic EPS Including ExtraOrdin |
2.75 |
1.64 |
2.13 |
3.45 |
1.37 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Diluted Net Income |
403.3 |
239.3 |
312.0 |
511.7 |
203.1 |
|
Diluted Weighted Average Share |
147.0 |
146.9 |
147.5 |
149.6 |
149.9 |
|
Diluted EPS Excluding ExtraOrd |
2.74 |
1.63 |
2.11 |
2.34 |
1.26 |
|
Diluted EPS Including ExtraOrd |
2.74 |
1.63 |
2.11 |
3.42 |
1.35 |
|
DPS-Common Stock |
0.43 |
0.39 |
0.45 |
0.54 |
0.37 |
|
Gross Dividends - Common Stock |
63.4 |
57.3 |
66.3 |
79.3 |
54.7 |
|
Normalized Income Before Taxes |
905.1 |
681.7 |
449.6 |
873.0 |
715.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
255.9 |
195.3 |
107.5 |
285.8 |
245.3 |
|
Normalized Income After Taxes |
649.2 |
486.4 |
342.1 |
587.2 |
469.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
422.8 |
263.4 |
322.3 |
371.4 |
222.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.89 |
1.80 |
2.20 |
2.51 |
1.50 |
|
Diluted Normalized EPS |
2.88 |
1.79 |
2.18 |
2.48 |
1.48 |
|
Interest Expense |
123.0 |
151.1 |
126.7 |
113.2 |
118.6 |
|
Rental Expense |
22.1 |
20.3 |
24.6 |
33.3 |
21.9 |
|
Advertising Expense |
18.3 |
17.7 |
19.8 |
22.3 |
23.4 |
|
R & D Expense |
91.3 |
75.8 |
84.6 |
81.7 |
61.6 |
|
Depreciation |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Amort of Goodwill |
5.5 |
5.5 |
3.0 |
- |
- |
|
Amort of Intangibles, Suppleme |
36.3 |
29.6 |
4.0 |
3.7 |
4.8 |
Annual
Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
1,012.8 |
1,221.7 |
1,503.0 |
1,176.1 |
1,311.3 |
|
ST Investment Assets |
158.3 |
170.2 |
176.8 |
88.3 |
82.9 |
|
Deferred Notes Receivable |
- |
- |
- |
- |
0.0 |
|
ST Loans |
175.9 |
489.8 |
285.6 |
526.9 |
335.9 |
|
Advance Sec. Dep |
68.9 |
71.2 |
57.4 |
64.4 |
67.3 |
|
Trade Rcvb Gross |
2,812.5 |
2,120.7 |
2,304.1 |
3,136.7 |
2,762.6 |
|
Doubtful Account |
-140.0 |
-134.7 |
-115.5 |
-85.5 |
-72.8 |
|
Curr Port LT Rcv |
37.2 |
11.2 |
18.6 |
17.8 |
21.7 |
|
Other Receivables |
438.2 |
466.6 |
416.6 |
401.4 |
324.7 |
|
Advance Payments |
409.4 |
321.3 |
296.0 |
227.0 |
229.9 |
|
Prepaid Expenses |
526.7 |
428.1 |
367.8 |
371.5 |
318.1 |
|
Accrued Income |
115.6 |
112.4 |
65.0 |
45.1 |
27.8 |
|
Deferred Taxes |
71.9 |
40.0 |
22.8 |
36.2 |
49.8 |
|
Other Quick Asst |
22.0 |
17.8 |
13.5 |
9.2 |
7.0 |
|
Merchandise |
224.8 |
135.6 |
143.0 |
117.4 |
323.9 |
|
Finished Goods |
196.0 |
162.3 |
333.6 |
196.3 |
94.8 |
|
Unfinish. Constr |
- |
- |
- |
- |
0.3 |
|
Work in Progress |
40.1 |
24.7 |
24.0 |
22.2 |
20.8 |
|
Raw Materials |
272.6 |
175.9 |
192.5 |
206.5 |
134.7 |
|
Suppl. Material |
6.0 |
6.0 |
6.3 |
4.4 |
3.3 |
|
Stored Goods |
29.7 |
24.9 |
21.4 |
25.3 |
26.4 |
|
CA Land |
0.5 |
0.5 |
0.5 |
0.7 |
11.9 |
|
Goods in Transit |
336.2 |
236.9 |
77.0 |
214.7 |
66.7 |
|
Display Materials |
7.6 |
10.5 |
12.2 |
13.1 |
13.8 |
|
By-Products |
- |
- |
- |
- |
42.0 |
|
Total Current Assets |
6,822.8 |
6,113.5 |
6,222.2 |
6,815.5 |
6,205.0 |
|
|
|
|
|
|
|
|
LT Financial Assets |
0.1 |
0.1 |
0.3 |
0.7 |
0.5 |
|
LT Notes Receivable |
- |
- |
- |
- |
0.0 |
|
LT Invetment Stock |
6,815.7 |
5,604.5 |
2,740.6 |
4,447.7 |
4,673.2 |
|
Affiliates Stock |
420.8 |
361.2 |
419.5 |
282.5 |
207.1 |
|
Other Fixed Assets |
310.0 |
278.6 |
120.1 |
180.2 |
199.8 |
|
Forgn Dev't Fund |
59.3 |
16.0 |
6.5 |
3.9 |
5.1 |
|
LT Receivable |
381.8 |
420.1 |
559.8 |
394.6 |
218.6 |
|
LA Defer Tax Dbt |
5.4 |
7.1 |
23.0 |
2.4 |
3.6 |
|
Land |
503.5 |
414.0 |
384.5 |
504.3 |
579.7 |
|
Buildings |
516.0 |
473.6 |
434.3 |
571.0 |
599.1 |
|
Buildings Depre. |
-92.2 |
-77.6 |
-60.4 |
-65.8 |
-124.4 |
|
Structures |
388.2 |
333.6 |
309.0 |
366.6 |
365.9 |
|
Structure Depre. |
-131.6 |
-111.6 |
-89.5 |
-103.1 |
-91.3 |
|
Tools/Equip./Fix |
334.5 |
302.0 |
221.2 |
178.6 |
249.5 |
|
Tool/Equip Depr. |
-228.4 |
-200.8 |
-156.7 |
-156.4 |
-205.3 |
|
Machinery/Equip. |
1,683.5 |
1,515.0 |
1,382.9 |
1,728.6 |
1,223.7 |
|
Mach/Equip Depre |
-730.5 |
-599.3 |
-455.3 |
-466.0 |
-355.3 |
|
Ships |
22.1 |
4.2 |
3.1 |
50.7 |
52.8 |
|
Ships Deprec. |
-3.8 |
-3.1 |
-2.5 |
-45.8 |
-46.2 |
|
Transport Equip. |
34.8 |
31.5 |
24.7 |
27.9 |
27.0 |
|
Software, Intangible |
18.3 |
24.9 |
26.1 |
41.9 |
8.6 |
|
Transport Deprec |
-21.5 |
-20.1 |
-15.5 |
-18.0 |
-16.9 |
|
Construction |
151.3 |
168.6 |
62.8 |
69.8 |
430.1 |
|
Other Tangibles |
55.6 |
53.0 |
31.3 |
85.2 |
23.6 |
|
Deprec.-Other |
-14.4 |
-11.0 |
-7.5 |
-25.7 |
-3.6 |
|
Fields/Trees |
3.7 |
3.6 |
3.3 |
4.4 |
4.4 |
|
Usage Income Rgt |
10.0 |
10.7 |
11.9 |
16.7 |
18.1 |
|
Mining Rights |
154.2 |
165.8 |
0.0 |
0.0 |
0.1 |
|
Indust.-Patent |
1.8 |
1.9 |
1.9 |
2.8 |
1.8 |
|
LA Develop Costs |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Intangible |
11.8 |
17.2 |
3.8 |
0.8 |
0.9 |
|
Goodwill |
51.3 |
55.4 |
54.5 |
- |
- |
|
Total Assets |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
1,972.7 |
1,770.7 |
1,700.1 |
3,044.5 |
2,439.2 |
|
Accounts Payable |
539.5 |
436.9 |
407.1 |
492.5 |
526.6 |
|
Taxes Payable |
103.6 |
113.0 |
57.0 |
152.8 |
142.0 |
|
Accrued Expenses |
242.9 |
148.6 |
167.9 |
262.0 |
173.2 |
|
Customer Advance |
1,191.6 |
1,378.5 |
1,310.8 |
1,262.9 |
1,305.6 |
|
Prepaid Income |
0.3 |
0.4 |
0.3 |
2.2 |
2.5 |
|
Deposit Withheld |
140.4 |
111.1 |
81.8 |
66.3 |
114.4 |
|
ST Borrowings |
646.8 |
351.0 |
1,288.3 |
563.5 |
459.4 |
|
Deferred Income Tax Credits |
0.0 |
0.1 |
2.0 |
- |
- |
|
Current Port LTD |
806.0 |
341.1 |
170.8 |
113.3 |
567.4 |
|
Discount on Debentures Issuance, Current |
-0.6 |
- |
- |
- |
- |
|
Construction Loss Provision |
9.0 |
16.8 |
35.5 |
40.8 |
61.2 |
|
Other Current Liabilities |
1.1 |
0.5 |
0.1 |
0.1 |
4.6 |
|
Total Current Liability |
5,653.2 |
4,668.6 |
5,221.8 |
6,000.9 |
5,796.1 |
|
|
|
|
|
|
|
|
Bonds |
490.8 |
893.8 |
563.3 |
491.1 |
488.6 |
|
Discount on Debentures Issuance, Non-Cur |
-1.3 |
- |
- |
- |
- |
|
LT Borrowings |
514.8 |
539.5 |
811.6 |
470.6 |
224.2 |
|
Total Long Term Debt |
1,004.3 |
1,433.4 |
1,374.9 |
961.8 |
712.8 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
21.1 |
47.6 |
33.5 |
7.9 |
40.9 |
|
Rental Secur Dep |
43.8 |
47.6 |
5.4 |
4.3 |
48.7 |
|
LT Prepaid Incom |
0.6 |
0.9 |
1.1 |
1.8 |
2.2 |
|
Other LT Liabs. |
13.0 |
12.8 |
0.2 |
0.1 |
0.4 |
|
Error Adj. Prov. |
106.5 |
85.2 |
61.2 |
61.2 |
58.2 |
|
Deferred Income Tax, Credit |
1,460.9 |
1,176.4 |
535.4 |
1,014.4 |
1,074.8 |
|
Retire Reserve |
281.9 |
251.1 |
95.7 |
109.2 |
117.5 |
|
Minority Int. |
1,491.1 |
1,369.3 |
1,043.8 |
1,487.1 |
1,339.5 |
|
Plan Assets |
-157.2 |
-140.9 |
- |
- |
- |
|
Transfer to National Pension Fund |
-1.4 |
-1.5 |
- |
- |
- |
|
Total Liabilities |
9,917.8 |
8,950.5 |
8,373.0 |
9,648.7 |
9,191.0 |
|
|
|
|
|
|
|
|
Common Stock |
688.2 |
670.8 |
620.1 |
834.5 |
839.9 |
|
Preferred Stock |
20.5 |
20.0 |
18.5 |
24.8 |
25.0 |
|
Consolidated Capital Surplus |
879.3 |
860.0 |
795.3 |
1,077.5 |
1,012.2 |
|
Consolidated Retained Earnings |
1,653.1 |
1,275.6 |
994.8 |
1,051.0 |
675.4 |
|
Other Capital Adjustment |
-4.9 |
-2.1 |
0.0 |
- |
-13.8 |
|
Gain-Valuation of Derivatives |
-19.4 |
-12.7 |
-53.1 |
15.0 |
5.3 |
|
Stock Options |
1.3 |
2.2 |
2.7 |
5.6 |
7.8 |
|
G-Secs for Sale Valuation |
4,557.8 |
3,747.2 |
1,572.5 |
2,551.0 |
2,725.1 |
|
Capital Change, Equity Method |
92.8 |
61.6 |
116.8 |
52.2 |
35.6 |
|
Capital Change, Equity Method (Loss) |
-48.0 |
-25.5 |
-2.3 |
-31.3 |
-24.7 |
|
Treasury Stock |
-269.7 |
-273.8 |
-259.3 |
-227.3 |
-102.0 |
|
Overseas Business Trans. Debit/Credit |
65.2 |
78.8 |
80.7 |
-105.8 |
-121.4 |
|
Total Equity |
7,616.3 |
6,402.1 |
3,886.6 |
5,247.1 |
5,064.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
17,534.0 |
15,352.6 |
12,259.6 |
14,895.8 |
14,255.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
Total Common Shares Outstandin |
146.7 |
146.3 |
146.0 |
147.4 |
149.3 |
|
T/S-Common Stock |
9.5 |
9.9 |
10.2 |
8.8 |
6.9 |
|
S/O-Preferred Stock |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
Total Preferred Shares Outstan |
4.2 |
4.2 |
4.2 |
4.3 |
4.3 |
|
T/S-Preferred Stock |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Deferred Revenue, Current |
1,191.9 |
1,379.0 |
1,311.0 |
1,265.1 |
1,308.1 |
|
Full-Time Employees |
5,049 |
4,665 |
4,476 |
4,141 |
4,343 |
|
Number of Common Shareholders |
123,044 |
118,965 |
122,853 |
94,911 |
53,692 |
|
Long-Term Debts Due in 1 Year |
806.0 |
332.5 |
172.7 |
108.4 |
568.8 |
|
Long-Term Debts Due in 2 Years |
235.0 |
863.2 |
434.0 |
228.6 |
271.1 |
|
Long-Term Debts Due in 3 Years |
620.5 |
179.7 |
611.3 |
465.9 |
195.5 |
|
Long-Term Debts Due in 4 Years |
54.1 |
180.4 |
16.8 |
213.0 |
7.5 |
|
Long-Term Debts Due in 5 Years |
- |
- |
- |
- |
216.8 |
|
Long-Term Debts Due Remaining |
96.0 |
212.4 |
314.4 |
57.3 |
28.9 |
|
Total Long Term Debt, Supplemental |
1,811.6 |
1,768.2 |
1,549.2 |
1,073.3 |
1,288.6 |
Annual
Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
629.8 |
462.3 |
331.8 |
727.5 |
450.2 |
|
Depreciation |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Amort. Intangible |
41.7 |
35.0 |
7.1 |
3.7 |
4.8 |
|
Amort-Bad Debt Expenses |
44.3 |
46.3 |
100.9 |
38.1 |
19.1 |
|
Retirement Allowance |
59.4 |
44.3 |
52.6 |
73.7 |
61.4 |
|
Loss-Dec/Develop Exp |
- |
- |
- |
0.0 |
87.8 |
|
Transf-Construcn Rsv |
22.4 |
1.5 |
24.0 |
5.7 |
46.3 |
|
Error Adj Allow Paid |
40.1 |
32.2 |
25.6 |
26.6 |
28.6 |
|
Other Non-Operating Expense |
2.0 |
1.8 |
0.1 |
- |
- |
|
Amort.Conv Rgts.Adj. |
- |
- |
- |
- |
0.4 |
|
Stock Compensation |
- |
- |
- |
- |
0.3 |
|
Translation Loss |
84.8 |
94.3 |
256.0 |
38.3 |
52.8 |
|
Amort. of Discount |
1.5 |
2.4 |
3.3 |
4.3 |
6.1 |
|
Valuation Inventory |
0.0 |
2.0 |
3.9 |
7.4 |
1.9 |
|
Loss-Decr. Inv Secs. |
12.1 |
12.9 |
0.2 |
9.9 |
48.7 |
|
Disposition of Inv. |
7.9 |
1.9 |
1.4 |
6.6 |
0.4 |
|
Disp Tang Asst Loss |
1.3 |
3.6 |
7.4 |
1.7 |
2.3 |
|
Loss Equity Method |
9.3 |
3.1 |
6.7 |
5.7 |
4.8 |
|
L-Trade Rcvbl Disp |
10.2 |
11.8 |
22.8 |
20.3 |
40.9 |
|
Reversal Prov. Doubt |
- |
-16.2 |
-1.2 |
-1.3 |
-31.0 |
|
Rvrs-Construct L Rsv |
-30.5 |
-21.2 |
-18.1 |
-25.8 |
-18.1 |
|
Gain Disp of Inv Ast |
-177.1 |
-0.6 |
-27.7 |
-81.8 |
-28.9 |
|
Gain Disp Tang. Ast |
-4.1 |
-2.2 |
-20.8 |
-1.1 |
-13.8 |
|
Gain-Discontinued Operation |
- |
- |
- |
-161.1 |
- |
|
Translation Gain |
-54.4 |
-92.4 |
-245.6 |
-39.9 |
-43.3 |
|
Dispos./Intang Asset |
- |
- |
- |
- |
-1.2 |
|
Amort Provis. of PV |
-4.2 |
-4.1 |
-6.4 |
-9.3 |
-16.1 |
|
Equity Earnings |
-56.5 |
-37.7 |
-27.2 |
-28.8 |
-19.2 |
|
Other Special Income |
-3.2 |
-1.2 |
-0.2 |
-1.5 |
-0.5 |
|
Inventory |
-316.3 |
-51.5 |
-131.9 |
-59.0 |
49.5 |
|
Trade Receivables |
-605.6 |
341.8 |
336.9 |
-305.4 |
-230.1 |
|
Accrued Income |
4.4 |
-41.7 |
-38.8 |
-20.2 |
2.9 |
|
Account Receivables |
-3.5 |
3.6 |
44.2 |
-57.1 |
42.0 |
|
Prepaid Expenses |
-83.9 |
-18.1 |
-118.4 |
-57.5 |
-37.5 |
|
Advanced Payment |
-56.7 |
5.9 |
-111.0 |
-16.5 |
-61.8 |
|
Security Deposits |
1.4 |
6.2 |
-26.6 |
15.7 |
-6.3 |
|
Deferred Taxes-Asset |
-29.5 |
-2.1 |
-13.0 |
6.9 |
-16.9 |
|
Other Quick Asset |
-0.2 |
1.6 |
-19.5 |
-3.2 |
1.7 |
|
Trade Payables |
144.4 |
-110.9 |
-1,004.1 |
558.4 |
215.1 |
|
Account Payables |
31.9 |
-22.4 |
-61.7 |
-156.2 |
41.1 |
|
Accrued Expenses |
71.3 |
-35.1 |
-36.8 |
92.3 |
72.8 |
|
Accrued Income Taxes |
-1.3 |
42.5 |
-63.2 |
-52.6 |
59.9 |
|
Unearned Income |
-0.4 |
1.2 |
-3.7 |
-0.1 |
-0.7 |
|
Advances Received |
-238.3 |
-35.5 |
398.5 |
-12.4 |
-8.8 |
|
Deposits Withheld |
27.1 |
27.3 |
56.3 |
-7.9 |
68.4 |
|
Deferred Taxes-Liability |
55.8 |
18.8 |
9.7 |
25.3 |
5.2 |
|
Other Current Liabilities |
-11.6 |
22.8 |
26.8 |
-4.0 |
0.5 |
|
Defect Repair Cost |
-21.2 |
-14.8 |
-6.2 |
-23.1 |
-21.8 |
|
Exports Receivable |
- |
- |
- |
-58.3 |
- |
|
Deferred Notes Receivable, Current |
- |
- |
- |
58.3 |
- |
|
National Pension |
0.1 |
0.1 |
0.1 |
0.6 |
0.3 |
|
Pymt of Retire Allow |
-36.0 |
-30.3 |
-12.1 |
-49.1 |
-31.7 |
|
Retirement Pension Operating Fund |
-12.3 |
-11.9 |
-23.9 |
-23.8 |
-14.1 |
|
Cash Inflow-Consolidation Scope Changes |
- |
- |
- |
-91.1 |
- |
|
Overseas Business Translation Debit |
-1.9 |
-19.1 |
158.0 |
18.6 |
-12.8 |
|
Dividend Income, A/L |
2.4 |
- |
- |
- |
- |
|
Cash from Operating Activities |
-244.5 |
835.5 |
42.8 |
579.4 |
965.8 |
|
|
|
|
|
|
|
|
Dec-ST Financial Assets |
52.1 |
8.0 |
- |
7.7 |
250.2 |
|
Dec-LT Financial Assets |
- |
0.3 |
0.0 |
0.1 |
0.9 |
|
Dec in ST Loans |
285.9 |
- |
7.7 |
- |
114.3 |
|
Dec LT Rcvbl |
220.5 |
118.6 |
254.0 |
88.3 |
13.6 |
|
Decrease-ST Receivable |
- |
- |
13.4 |
- |
- |
|
Dec-Current LT Rcvbl |
- |
- |
- |
15.0 |
7.7 |
|
Disposal-Securities under Equity Method |
- |
- |
- |
2.6 |
- |
|
Decrease in Securities for Sale |
45.5 |
3.8 |
50.3 |
82.5 |
86.4 |
|
Dec. Other Inv Asset |
1.6 |
3.5 |
3.0 |
36.9 |
21.8 |
|
Disp Tangible Assets |
13.0 |
9.6 |
100.6 |
3.9 |
18.8 |
|
Dec-Overseas Resources Development Fund |
7.5 |
- |
- |
- |
- |
|
Disposal Intangibles |
- |
0.7 |
0.8 |
495.7 |
1.2 |
|
Increase-ST Investment Assets |
- |
- |
-35.1 |
- |
- |
|
Increase-LT Financial Assets |
- |
- |
-3.3 |
-0.3 |
- |
|
Inc LT Rcvbl |
-221.2 |
-125.2 |
-336.5 |
-267.9 |
-18.4 |
|
Increase-ST Loans |
- |
-55.6 |
- |
-197.5 |
- |
|
Increase-Securities under Equity Method |
-1.4 |
-14.4 |
-249.2 |
-13.0 |
- |
|
Increase in Securities for Sale |
-42.6 |
-48.1 |
-115.1 |
-74.3 |
-73.1 |
|
Inc-Other Inv. Asset |
-12.8 |
-7.5 |
-23.4 |
-17.1 |
-17.1 |
|
Inc-Natural Resources Develop. Cost |
-49.4 |
-8.2 |
-3.9 |
-1.4 |
-1.9 |
|
Acq. Tangible Asset |
-349.9 |
-208.1 |
-207.8 |
-509.0 |
-398.2 |
|
Acq Intangible Asset |
-9.6 |
-6.5 |
-67.9 |
-23.4 |
-0.6 |
|
Cash from Investing Activities |
-60.7 |
-329.1 |
-612.3 |
-371.1 |
5.5 |
|
|
|
|
|
|
|
|
Increase-ST Borrowings |
277.1 |
- |
775.6 |
118.4 |
- |
|
Inc in LT Borrowings |
186.1 |
148.6 |
348.7 |
394.2 |
16.0 |
|
Increase in Bonds |
220.3 |
351.1 |
406.0 |
107.6 |
277.5 |
|
Inc Lease Guarantee |
0.1 |
38.3 |
2.6 |
0.7 |
0.9 |
|
Increase-Other LT Liabilities |
- |
- |
115.9 |
- |
- |
|
Disposal-Treasury Stock |
- |
- |
- |
- |
43.0 |
|
Stock Options |
3.7 |
2.5 |
6.6 |
11.2 |
15.4 |
|
Minority Interest Dividend |
-141.3 |
-5.8 |
-68.2 |
-53.0 |
-208.3 |
|
Dec-Current Portion of LT Debt |
-342.7 |
-220.0 |
-95.2 |
-566.5 |
-478.1 |
|
Dec of ST Borrowings |
- |
-1,037.9 |
- |
- |
-166.5 |
|
Dec in LT Borrowings |
-63.7 |
-162.8 |
-36.0 |
-153.0 |
-261.8 |
|
Acquisition-Treasury Stock |
- |
- |
-120.4 |
-147.4 |
- |
|
Dec Lease Guarantee |
-5.2 |
0.0 |
-0.1 |
-39.4 |
-1.2 |
|
Decrease in Other Fixed Assets |
-0.1 |
-0.3 |
- |
-8.1 |
-4.6 |
|
Dividends Paid |
-65.2 |
-59.0 |
-69.1 |
-58.1 |
-39.5 |
|
Decrease-Minority Interest, FN |
- |
- |
- |
- |
-9.3 |
|
Dec due to Con Scope |
- |
70.2 |
22.9 |
57.3 |
-4.8 |
|
Cash from Financing Activities |
69.0 |
-875.1 |
1,289.4 |
-336.0 |
-821.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-236.2 |
-368.6 |
719.8 |
-127.7 |
150.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,230.3 |
1,483.1 |
1,000.3 |
1,312.5 |
1,126.9 |
|
Net Cash - Ending Balance |
994.1 |
1,114.5 |
1,720.1 |
1,184.7 |
1,276.9 |
Annual
Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
629.8 |
462.3 |
331.8 |
727.5 |
450.2 |
|
Depreciation |
198.4 |
177.1 |
186.4 |
181.4 |
164.3 |
|
Amort. Intangible |
41.7 |
35.0 |
7.1 |
3.7 |
4.8 |
|
Amort-Bad Debt Expenses |
44.3 |
46.3 |
100.9 |
38.1 |
19.1 |
|
Retirement Allowance |
59.4 |
44.3 |
52.6 |
73.7 |
61.4 |
|
Loss-Dec/Develop Exp |
- |
- |
- |
0.0 |
87.8 |
|
Transf-Construcn Rsv |
22.4 |
1.5 |
24.0 |
5.7 |
46.3 |
|
Error Adj Allow Paid |
40.1 |
32.2 |
25.6 |
26.6 |
28.6 |
|
Other Non-Operating Expense |
2.0 |
1.8 |
0.1 |
- |
- |
|
Amort.Conv Rgts.Adj. |
- |
- |
- |
- |
0.4 |
|
Stock Compensation |
- |
- |
- |
- |
0.3 |
|
Translation Loss |
84.8 |
94.3 |
256.0 |
38.3 |
52.8 |
|
Amort. of Discount |
1.5 |
2.4 |
3.3 |
4.3 |
6.1 |
|
Valuation Inventory |
0.0 |
2.0 |
3.9 |
7.4 |
1.9 |
|
Loss-Decr. Inv Secs. |
12.1 |
12.9 |
0.2 |
9.9 |
48.7 |
|
Disposition of Inv. |
7.9 |
1.9 |
1.4 |
6.6 |
0.4 |
|
Disp Tang Asst Loss |
1.3 |
3.6 |
7.4 |
1.7 |
2.3 |
|
Loss Equity Method |
9.3 |
3.1 |
6.7 |
5.7 |
4.8 |
|
L-Trade Rcvbl Disp |
10.2 |
11.8 |
22.8 |
20.3 |
40.9 |
|
Reversal Prov. Doubt |
- |
-16.2 |
-1.2 |
-1.3 |
-31.0 |
|
Rvrs-Construct L Rsv |
-30.5 |
-21.2 |
-18.1 |
-25.8 |
-18.1 |
|
Gain Disp of Inv Ast |
-177.1 |
-0.6 |
-27.7 |
-81.8 |
-28.9 |
|
Gain Disp Tang. Ast |
-4.1 |
-2.2 |
-20.8 |
-1.1 |
-13.8 |
|
Gain-Discontinued Operation |
- |
- |
- |
-161.1 |
- |
|
Translation Gain |
-54.4 |
-92.4 |
-245.6 |
-39.9 |
-43.3 |
|
Dispos./Intang Asset |
- |
- |
- |
- |
-1.2 |
|
Amort Provis. of PV |
-4.2 |
-4.1 |
-6.4 |
-9.3 |
-16.1 |
|
Equity Earnings |
-56.5 |
-37.7 |
-27.2 |
-28.8 |
-19.2 |
|
Other Special Income |
-3.2 |
-1.2 |
-0.2 |
-1.5 |
-0.5 |
|
Inventory |
-316.3 |
-51.5 |
-131.9 |
-59.0 |
49.5 |
|
Trade Receivables |
-605.6 |
341.8 |
336.9 |
-305.4 |
-230.1 |
|
Accrued Income |
4.4 |
-41.7 |
-38.8 |
-20.2 |
2.9 |
|
Account Receivables |
-3.5 |
3.6 |
44.2 |
-57.1 |
42.0 |
|
Prepaid Expenses |
-83.9 |
-18.1 |
-118.4 |
-57.5 |
-37.5 |
|
Advanced Payment |
-56.7 |
5.9 |
-111.0 |
-16.5 |
-61.8 |
|
Security Deposits |
1.4 |
6.2 |
-26.6 |
15.7 |
-6.3 |
|
Deferred Taxes-Asset |
-29.5 |
-2.1 |
-13.0 |
6.9 |
-16.9 |
|
Other Quick Asset |
-0.2 |
1.6 |
-19.5 |
-3.2 |
1.7 |
|
Trade Payables |
144.4 |
-110.9 |
-1,004.1 |
558.4 |
215.1 |
|
Account Payables |
31.9 |
-22.4 |
-61.7 |
-156.2 |
41.1 |
|
Accrued Expenses |
71.3 |
-35.1 |
-36.8 |
92.3 |
72.8 |
|
Accrued Income Taxes |
-1.3 |
42.5 |
-63.2 |
-52.6 |
59.9 |
|
Unearned Income |
-0.4 |
1.2 |
-3.7 |
-0.1 |
-0.7 |
|
Advances Received |
-238.3 |
-35.5 |
398.5 |
-12.4 |
-8.8 |
|
Deposits Withheld |
27.1 |
27.3 |
56.3 |
-7.9 |
68.4 |
|
Deferred Taxes-Liability |
55.8 |
18.8 |
9.7 |
25.3 |
5.2 |
|
Other Current Liabilities |
-11.6 |
22.8 |
26.8 |
-4.0 |
0.5 |
|
Defect Repair Cost |
-21.2 |
-14.8 |
-6.2 |
-23.1 |
-21.8 |
|
Exports Receivable |
- |
- |
- |
-58.3 |
- |
|
Deferred Notes Receivable, Current |
- |
- |
- |
58.3 |
- |
|
National Pension |
0.1 |
0.1 |
0.1 |
0.6 |
0.3 |
|
Pymt of Retire Allow |
-36.0 |
-30.3 |
-12.1 |
-49.1 |
-31.7 |
|
Retirement Pension Operating Fund |
-12.3 |
-11.9 |
-23.9 |
-23.8 |
-14.1 |
|
Cash Inflow-Consolidation Scope Changes |
- |
- |
- |
-91.1 |
- |
|
Overseas Business Translation Debit |
-1.9 |
-19.1 |
158.0 |
18.6 |
-12.8 |
|
Dividend Income, A/L |
2.4 |
- |
- |
- |
- |
|
Cash from Operating Activities |
-244.5 |
835.5 |
42.8 |
579.4 |
965.8 |
|
|
|
|
|
|
|
|
Dec-ST Financial Assets |
52.1 |
8.0 |
- |
7.7 |
250.2 |
|
Dec-LT Financial Assets |
- |
0.3 |
0.0 |
0.1 |
0.9 |
|
Dec in ST Loans |
285.9 |
- |
7.7 |
- |
114.3 |
|
Dec LT Rcvbl |
220.5 |
118.6 |
254.0 |
88.3 |
13.6 |
|
Decrease-ST Receivable |
- |
- |
13.4 |
- |
- |
|
Dec-Current LT Rcvbl |
- |
- |
- |
15.0 |
7.7 |
|
Disposal-Securities under Equity Method |
- |
- |
- |
2.6 |
- |
|
Decrease in Securities for Sale |
45.5 |
3.8 |
50.3 |
82.5 |
86.4 |
|
Dec. Other Inv Asset |
1.6 |
3.5 |
3.0 |
36.9 |
21.8 |
|
Disp Tangible Assets |
13.0 |
9.6 |
100.6 |
3.9 |
18.8 |
|
Dec-Overseas Resources Development Fund |
7.5 |
- |
- |
- |
- |
|
Disposal Intangibles |
- |
0.7 |
0.8 |
495.7 |
1.2 |
|
Increase-ST Investment Assets |
- |
- |
-35.1 |
- |
- |
|
Increase-LT Financial Assets |
- |
- |
-3.3 |
-0.3 |
- |
|
Inc LT Rcvbl |
-221.2 |
-125.2 |
-336.5 |
-267.9 |
-18.4 |
|
Increase-ST Loans |
- |
-55.6 |
- |
-197.5 |
- |
|
Increase-Securities under Equity Method |
-1.4 |
-14.4 |
-249.2 |
-13.0 |
- |
|
Increase in Securities for Sale |
-42.6 |
-48.1 |
-115.1 |
-74.3 |
-73.1 |
|
Inc-Other Inv. Asset |
-12.8 |
-7.5 |
-23.4 |
-17.1 |
-17.1 |
|
Inc-Natural Resources Develop. Cost |
-49.4 |
-8.2 |
-3.9 |
-1.4 |
-1.9 |
|
Acq. Tangible Asset |
-349.9 |
-208.1 |
-207.8 |
-509.0 |
-398.2 |
|
Acq Intangible Asset |
-9.6 |
-6.5 |
-67.9 |
-23.4 |
-0.6 |
|
Cash from Investing Activities |
-60.7 |
-329.1 |
-612.3 |
-371.1 |
5.5 |
|
|
|
|
|
|
|
|
Increase-ST Borrowings |
277.1 |
- |
775.6 |
118.4 |
- |
|
Inc in LT Borrowings |
186.1 |
148.6 |
348.7 |
394.2 |
16.0 |
|
Increase in Bonds |
220.3 |
351.1 |
406.0 |
107.6 |
277.5 |
|
Inc Lease Guarantee |
0.1 |
38.3 |
2.6 |
0.7 |
0.9 |
|
Increase-Other LT Liabilities |
- |
- |
115.9 |
- |
- |
|
Disposal-Treasury Stock |
- |
- |
- |
- |
43.0 |
|
Stock Options |
3.7 |
2.5 |
6.6 |
11.2 |
15.4 |
|
Minority Interest Dividend |
-141.3 |
-5.8 |
-68.2 |
-53.0 |
-208.3 |
|
Dec-Current Portion of LT Debt |
-342.7 |
-220.0 |
-95.2 |
-566.5 |
-478.1 |
|
Dec of ST Borrowings |
- |
-1,037.9 |
- |
- |
-166.5 |
|
Dec in LT Borrowings |
-63.7 |
-162.8 |
-36.0 |
-153.0 |
-261.8 |
|
Acquisition-Treasury Stock |
- |
- |
-120.4 |
-147.4 |
- |
|
Dec Lease Guarantee |
-5.2 |
0.0 |
-0.1 |
-39.4 |
-1.2 |
|
Decrease in Other Fixed Assets |
-0.1 |
-0.3 |
- |
-8.1 |
-4.6 |
|
Dividends Paid |
-65.2 |
-59.0 |
-69.1 |
-58.1 |
-39.5 |
|
Decrease-Minority Interest, FN |
- |
- |
- |
- |
-9.3 |
|
Dec due to Con Scope |
- |
70.2 |
22.9 |
57.3 |
-4.8 |
|
Cash from Financing Activities |
69.0 |
-875.1 |
1,289.4 |
-336.0 |
-821.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-236.2 |
-368.6 |
719.8 |
-127.7 |
150.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,230.3 |
1,483.1 |
1,000.3 |
1,312.5 |
1,126.9 |
|
Net Cash - Ending Balance |
994.1 |
1,114.5 |
1,720.1 |
1,184.7 |
1,276.9 |
Interim
Cash Flows
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1120.28956 |
1145.278736 |
|
|
|
|
|
Net Income |
124.5 |
210.8 |
|
Depreciation |
32.2 |
16.1 |
|
Corporate Taxes |
52.5 |
64.9 |
|
Interest Expenses |
23.5 |
20.1 |
|
Retirement and Severance Benefits |
9.5 |
9.6 |
|
Expenses of Allowance for Doubtful Accou |
0.1 |
0.4 |
|
Expenses of Allowance for Other Doubtful |
13.0 |
7.2 |
|
Provisions for Construction Losses |
6.6 |
0.6 |
|
Provision-Defect Repair |
4.1 |
6.4 |
|
Losses on Foreign Currency Translation |
33.5 |
43.2 |
|
Loss-Sale of Investment Assets |
0.0 |
0.0 |
|
Loss-Reduction of Investment Assets |
- |
0.0 |
|
Losses on Sale of Property, Plant and Eq |
0.0 |
0.1 |
|
Losses on Sale of Intangible Assets |
- |
0.0 |
|
Losses on Sale of Trade Receivable |
2.4 |
1.9 |
|
Loss under Equity Method |
0.5 |
1.3 |
|
Amortization-Discount on Bond Issuance |
0.3 |
0.2 |
|
Interest Income |
-2.0 |
-7.3 |
|
Dividend Income |
-42.1 |
-52.8 |
|
Gains on Foreign Currency Translation |
-33.5 |
-39.4 |
|
Recovery of Provisions for Construction |
-9.5 |
-1.7 |
|
Recovery of Provisions for Construction |
-13.3 |
- |
|
Recovery-Doubtful Credit Reserve |
-17.9 |
-6.0 |
|
Gain-Sale of Investment Assets |
-1.5 |
-144.0 |
|
Gains on Sale of Property, Plant and Equ |
-0.2 |
-0.5 |
|
Gain under Equity Method |
-50.4 |
-27.0 |
|
Other Non-Operating Income |
0.0 |
-0.1 |
|
Trade Receivables |
16.2 |
-531.6 |
|
Other Current Assets |
-125.3 |
-181.4 |
|
Inventories |
-125.2 |
0.7 |
|
Trade Payables |
32.1 |
165.2 |
|
Other Current Liabilities |
162.7 |
293.1 |
|
Reserve-Defect Repair |
-7.9 |
-4.6 |
|
LT Account Payable |
6.9 |
5.0 |
|
Payment-Retirement Allowance |
-15.5 |
-14.7 |
|
Cumulative Assets outside Company |
2.9 |
7.4 |
|
Inc-Overseas Business Translation Credit |
-8.9 |
-7.4 |
|
Reserve-Severance & Retirement Benefit |
0.5 |
- |
|
Other Asset & Liabilities |
-0.2 |
0.8 |
|
Cash-Interest Received |
10.5 |
11.2 |
|
Cash-Interest Paid |
-23.5 |
-20.8 |
|
Dividends Received |
44.5 |
76.2 |
|
Cash-Tax Paid |
-29.3 |
-24.8 |
|
Cash from Operating Activities |
72.8 |
-121.6 |
|
|
|
|
|
Proceeds from Sale of Trading Securities |
- |
1.7 |
|
Decrease in Short-term Loans |
23.5 |
78.2 |
|
Decrease-Current Portion of LT Receivabl |
5.0 |
14.8 |
|
Proceeds from Sale of Available for sale |
- |
0.8 |
|
Decrease-LT Receivable |
3.6 |
96.9 |
|
Decrease-Other Non-Current Assets |
3.6 |
2.3 |
|
Proceeds from Sale of Property Plant and |
7.8 |
71.9 |
|
Decrease-Intangible Assets |
0.3 |
2.5 |
|
Purchase of Short-term Financial Instrum |
-30.9 |
-10.3 |
|
Purchase of Available for sale Securitie |
-12.9 |
-15.1 |
|
Inc-Natural Resources Develop. Cost |
-3.0 |
-0.3 |
|
Increase-LT Receivable |
-54.0 |
-62.4 |
|
Increase-Other Non-Current Assets |
-9.1 |
0.0 |
|
Purchase of Property, Plant and Equipmen |
-38.2 |
-83.9 |
|
Purchase of Intangible Assets |
-4.1 |
-9.5 |
|
Cash from Investing Activities |
-108.5 |
87.6 |
|
|
|
|
|
Proceeds from Short-term Borrowings |
243.2 |
117.7 |
|
Proceeds from Long-term Borrowings |
154.3 |
25.8 |
|
Increase-Rent Guarantee Deposit |
0.0 |
0.0 |
|
Capital Increase |
1.5 |
- |
|
Other Capital Increase |
7.1 |
3.9 |
|
Proceeds from Sale of Treasury Stock |
0.9 |
2.1 |
|
Dec-Current Portion of LT Debt |
-118.9 |
-4.1 |
|
Repayments of Long-term Borrowings |
-150.8 |
-71.0 |
|
Decrease-Lease Guarantee Deposit |
-23.9 |
0.0 |
|
Payments in Dividends |
-0.1 |
- |
|
Cash from Financing Activities |
113.2 |
74.5 |
|
|
|
|
|
Foreign Exchange Effects |
-3.1 |
-11.2 |
|
Net Change in Cash |
74.4 |
29.3 |
|
|
|
|
|
Cash and Cash Equivalent at Beginning |
766.0 |
879.7 |
|
Cash and Cash Equivalent at End |
840.5 |
909.0 |
|
Cash Interest Paid |
23.5 |
20.8 |
|
Cash Taxes Paid |
29.3 |
24.8 |
Geographic
Segments
Financials in: As Reported (mil)
|
Annual |
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Geographic Segments
Financials in: As Reported (mil)
|
Interim |
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Business
Segments
Financials in: As Reported (mil)
|
Annual |
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Business Segments
Financials in: As Reported (mil)
|
Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
|
UK Pound |
1 |
Rs.80.08 |
|
Euro |
1 |
Rs.68.45 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.