MIRA
INFORM REPORT
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Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SAMSUNG ELECTRONICS CO., LTD. |
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Registered Office : |
416, Maetan 3-Dong, Yeongtong-Gu, Seocho-gu, |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
13.01.1969 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
manufacture
and marketing of consumer
electronic products |
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No. of Employees : |
190,500 |
RATING & COMMENTS
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MIRAs Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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 March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Samsung Electronics Co., Ltd.
416, Maetan 3-Dong, Yeongtong-Gu
Seocho-gu
Tel: 82-31-2001114
Fax: 82-31-2007538
Web: www.samsung.com
Synthesis
Employees: 190,500
Company Type: Public Parent
Corporate Family: 111
Companies
Traded:
Incorporation Date:
13-Jan-1969
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: South
Korean Won
Annual Sales: 148,933.2 1
Net Income: 12,058.2
Total Assets: 135,096.6 2
Market Value: 166,823.9 (25-May-2012)
Business Description
Samsung Electronics Co., Ltd. principally engaged in the manufacture and marketing of consumer electronic products. The Company operates in two business divisions: end product division and component division. Its end product division manufactures digital media products, including digital televisions (TVs), monitors, printers, computers, air conditioners, refrigerators and others, and communication products, including mobile phones and network systems. Its component division manufactures semiconductors, including memories, storages and others, and liquid crystal display (LCD) products, including thin film transistor (TFT) LCDs and active-matrix organic light-emitting diodes (AMOLEDs) used for TVs, monitors, personal computers (PCs) and others. In January 2011, it acquired a display technology firm, Liquavista BV. On July 1, 2011, it sold its solar cell business to SAMSUNG SDI CO.,LTD. On April 1, 2012, it merged with SAMSUNG LED CO.,LTD., and spun-off its LCD business. For the nine months ended 30 September 2011, Samsung Electronics Co., Ltd.'s total revenues increased 4% to W117.698T. Net income applicable to Common Stock decreased 24% to W8.218T. Revenues reflect increased demand for the HHP, System, Network merchandises and finished goods in communication segment. Net income was offset by decreased gains on foreign currency transactions and increased interest expenses.
Industry
Industry Audio and Video Equipment
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3230 - Manufacture
of television and radio receivers, sound or video recording or reproducing
apparatus and
associated goods
NAICS 2002: 33431 - Audio and
Video Equipment Manufacturing
UK SIC 2003: 3230 - Manufacture
of television and radio receivers, sound or video recording or reproducing
apparatus and
associated goods
US SIC 1987: 3651 - Household
Audio and Video Equipment
Key Executives
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Name |
Title |
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Ji Seong Choi |
Vice Chairman of the Board, Chief Executive Officer |
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Won Gi Jang |
Co-President |
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Ju-Hwa Yoon |
Chief Financial Officer |
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Jay Y. Lee |
Chief Operating Officer |
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Gyeong Tae Bae |
Vice President |
Significant Developments
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Topic |
#* |
Most Recent Headline |
Date |
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Spin-offs |
1 |
Samsung Electronics Co., Ltd. Mulls Spinoff Of LCD Operations-DJ |
14-Feb-2012 |
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Class Action Lawsuit |
1 |
Samsung Electronics Co., Ltd. Appeals Galaxy Tab 10.1 Ruling-DJ |
13-Sep-2011 |
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Corporate Litigation |
40 |
Apple Inc, Samsung Electronics Co Ltd CEOs In US Court Talks On
Patents-Reuters |
21-May-2012 |
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Regulatory / Company Investigation |
1 |
EU Opens Formal Antitrust Probe Against Samsung Electronics Co., Ltd.
Over Patents-DJ |
31-Jan-2012 |
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Mergers & Acquisitions |
7 |
Samsung Electronics Co Ltd Announces Acquisition Of Nanoradio AB |
1-Jun-2012 |
* number of significant developments within the last 12 months
News
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Title |
Date |
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Roundup: S. Korean shares drop on U.S.,
China economic concerns |
4-Jun-2012 |
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Sony dips below 1,000 yen for 1st time
since 1980 |
4-Jun-2012 |
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Samsung Electronics Assigned Patent |
4-Jun-2012 |
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MARKET TALK: JPMorgan Downgrades Canon To Underweight |
3-Jun-2012 |
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BRIEF: Samsung Galaxy S3 sales begin in
Israel |
3-Jun-2012 |
Financial Summary
As of 31-Mar-2012
Key Ratios Company Industry
Current Ratio (MRQ) 1.58 3.17
Quick Ratio (MRQ) 1.18 2.41
Debt to Equity (MRQ) 0.13 0.23
Sales 5 Year Growth 13.96 3.71
Net Profit Margin (TTM) % 9.23 3.84
Return on Assets (TTM) % 10.78 3.71
Return on Equity (TTM) % 14.16 7.21
Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1107.891
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152
Corporate Overview
Location
Samsung Electronics Co.
416, Maetan 3-Dong, Yeongtong-Gu
Seocho-gu
Suwon, 443742
Korea, Republic of
Tel: 82-31-2001114
Fax: 82-31-2007538
Web: www.samsung.com
Quote Symbol - Exchange
005930 - Korea
Stock Exchange
Sales KRW(mil): 165,001,776.0
Assets KRW(mil): 155,631,248.0
Employees: 190,500
Fiscal Year End: 31-Dec-2011
Industry: Audio
and Video Equipment
Incorporation Date: 13-Jan-1969
Company Type: Public
Parent
Quoted Status: Quoted
Vice Chairman
of the Board,
Chief Executive
Officer: Ji
Seong Choi
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Market Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
2429 - Other Electronic Equipment Manufacturing
2421 - Computer and Electronic Office Equipment Manufacturing
2441 - Whiteware Appliance Manufacturing
NACE 2002 Codes:
2923 - Manufacture of non-domestic cooling and ventilation
equipment
3002 - Manufacture of computers and other information processing
equipment
3210 - Manufacture of electronic valves and tubes and other
electronic components
3230 - Manufacture of television and radio receivers, sound or
video recording or reproducing apparatus and associated goods
2971 - Manufacture of electric domestic appliances
NAICS 2002 Codes:
333411 - Air Purification Equipment Manufacturing
334111 - Electronic Computer Manufacturing
334419 - Other Electronic Component Manufacturing
335222 - Household Refrigerator and Home Freezer Manufacturing
334413 - Semiconductor and Related Device Manufacturing
33431 - Audio and Video Equipment Manufacturing
335224 - Household Laundry Equipment Manufacturing
US SIC 1987:
3632 - Household Refrigerators and HOme and Farm Freezers
3633 - Household Laundry Equipment
3679 - Electronic Components, Not Elsewhere Classified
3674 - Semiconductors and Related Devices
3571 - Electronic Computers
3651 - Household Audio and Video Equipment
3564 - Industrial and Commercial Fans and Blowers and Air
Purification Equipment
UK SIC 2003:
2971 - Manufacture of electric domestic appliances
3230 - Manufacture of television and radio receivers, sound or
video recording or reproducing apparatus and associated goods
3210 - Manufacture of electronic valves and tubes and other
electronic components
2923 - Manufacture of non-domestic cooling and ventilation
equipment
3002 - Manufacture of computers and other information processing
equipment
Business
Description
Samsung
Electronics Co., Ltd. principally engaged in the manufacture and marketing of
consumer electronic products. The Company operates in two business divisions:
end product division and component division. Its end product division
manufactures digital media products, including digital televisions (TVs),
monitors, printers, computers, air conditioners, refrigerators and others, and
communication products, including mobile phones and network systems. Its
component division manufactures semiconductors, including memories, storages
and others, and liquid crystal display (LCD) products, including thin film
transistor (TFT) LCDs and active-matrix organic light-emitting diodes (AMOLEDs)
used for TVs, monitors, personal computers (PCs) and others. In January 2011,
it acquired a display technology firm, Liquavista BV. On July 1, 2011, it sold
its solar cell business to SAMSUNG SDI CO.,LTD. On April 1, 2012, it merged
with SAMSUNG LED CO.,LTD., and spun-off its LCD business. For the nine months
ended 30 September 2011, Samsung Electronics Co., Ltd.'s total revenues
increased 4% to W117.698T. Net income applicable to Common Stock decreased 24%
to W8.218T. Revenues reflect increased demand for the HHP, System, Network
merchandises and finished goods in communication segment. Net income was offset
by decreased gains on foreign currency transactions and increased interest
expenses.
More Business
Descriptions
Research, design,
manufacture and sale of semiconductors, telecommunications, digital media and
digital convergence technologies. The company consists of eight independently
operated business units: Visual Display, Mobile Communications,
Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging,
Semiconductor and LCD. Production of digital TVs, semiconductor chips, mobile
phones and TFT-LCDs
Electronic
Appliance Mfr
Samsung
Electronics Co., Ltd. (Samsung) manufactures consumer electronics, home
appliances, communication, and semiconductor products. The company also
provides a wide range of solutions for hospitality, healthcare, finance,
education, government and insurance. The company is a part of the Samsung Group
and has 205 offices across 71 countries. Samsung established partnerships with
global leaders across different industries including Sony, IBM, Microsoft, EMC,
Intel, TSMC and Time Warner. The company operates principally in Asia, Europe
and America through five business segments, namely, Digital Media,
Telecommunication, LCD, Semiconductor and Others. These five business segments
comprise nine independent businesses, namely, Visual Display, IT Solutions,
Digital Appliances, Mobile Communications, Telecommunication Systems, Digital
Imaging, Memory, System LSI and LCD Business. The Digital Media segment of the
company produces color TV, monitors, MP3 players, DVD Players, home theater
systems, laser printers, digital camcorders, laptops and potable entertainment
devices. Touch of Color TVs, all-in-one color laser printers and 4th-generation
Blu-ray disc players are a few innovative products of Samsung’s Digital Media
business division. Additionally, it manufactures and sells handsets, networking
systems and other consumer electronics including computer and home appliances
such as air conditioners, refrigerators, air purifiers, microwaves, washing
machines and remote controlled digital home networks incorporating new
technology and design for consumers. For the fiscal year ended December 2011,
the Digital Media segment generated revenue of KRW58.92 trillion, indicating an
increase of 1% over the previous year's revenue. The Digital Media segment
accounted for 33% of the total revenues generated by the company.The
Telecommunication segment of the company manufactures mobile phones based on
next generation technology, including Mobile WiMAX. The company provided
full-blown commercial mobile WiMAX services in the US, Japan and Russia. The
company reported strong sales of Galaxy S II with expansion of high-end (Galaxy
Note/Nexus, etc.) and mass-market (Galaxy Ace/Y, etc.) model line-ups. During
the year, the company continued to develop its smart phone market. For the
fiscal year ended December 2011, the Telecommunication segment generated
revenue of KRW55.53 trillion, indicating an increase of 39% over the previous
year's revenue. The Telecommunication segment accounted for 31% of the total
revenues generated by the company.The Semiconductor segment of the company
conducts its business through three sub-divisions, namely, Memory Systems, LSI
and Storage. Memory division is equipped with nanotechnology and develops new
memory devices along with multi chip packages and fusion memory. The storage
division makes hard disc drives which provide high data storage capacity to
mobile products as well as digital appliances. For the fiscal year ended
December 2011, the Semiconductor segment generated revenue of KRW36.99
trillion, indicating a decrease of 2% over the previous year's revenue. The
Semiconductor segment accounted for 20% of the total revenues generated by the
company.The LCD business segment of the company manufactures panels for TVs,
digital information displays, notebook PCs and desktop monitors. In addition,
it produces various display panels for mobile products. For the fiscal year
ended December 2011, the LCD business segment generated revenue of KRW29.24
trillion, indicating a decrease of 2% over the previous year's revenue. The LCD
business segment accounted for 16% of the total revenues generated by the
company.In January 2012, the company introduced the next evolution of its
award-winning Central Station, the Series 7 Samsung Smart Station, as well as a
redesigned Series 7 HDTV monitor for a whole-home solution. In January 2012,
the company's PM810 solid-state drives (SSDs) attained Cryptographic Module Validation
Program (CMVP) validation for providing high level of data security. In
November 2011, Samsung announced the launch of its flagship 4” Wave 3
smartphone, which will initially be launched in France, and subsequently in the
markets of Germany, Italy and Russia among others. In November 2011, Samsung,
Panasonic Corporation, Sony Corporation and X6D Limited (XPAND 3D) begun the licensing
program of “Full HD 3D Glasses Initiative”, an industry-wide initiative to
standardize 3D active shutter glasses for consumers. In August 2011, Samsung
launched ChatON, a free mobile communication service that allows users to
communicate instantly with any mobile phone. In August 2011, announced a new
naming strategy for its GALAXY range of smartphones. In July 2011, the company
launched the world’s first zero client monitor using Cisco Universal Power
Over Ethernet (UPOE) technology.
Samsung
Electronics Co., Ltd. (Samsung) is a manufacturer of semiconductors,
information technology products, digital media, and telecommunication
infrastructure systems. Samsung manufactures various innovative products. Some
of the key products of the company include IT business products, printers,
professional displays, telecommunication devices, set top box and solar
modules. The company is also involved in the manufacture of components such as
semiconductor, LCD panels, compressor, and storage and fiber optics devices.
Furthermore, the company provides a wide range of solutions for hospitality,
healthcare, finance, education, government and insurance. The company is
headquartered in Seoul, Republic of Korea. Samsung aims to introduce an
optimized long term evolution (LTE) solution for extremely dense user areas
that require higher capacity mobile broadband, whilst simultaneously improving
service quality in weak-signal areas. To this end, it plans to launch a
commercial LTE service in 2012 in partnership with KDDI, a Japanese telecom
operator. The company also established a new joint venture named Samsung Suzhou
LCD (SSL) in China, in cooperation with Suzhou Industrial Park and TCL
Corporation. Through SSL, the company aims to create synergies by establishing
an integrated LCD panel production base in China by utilizing the world-class
infrastructure within Suzhou Industrial Park.The company reported revenues of
(Won) KRW 154,630,328.00 million during the fiscal year ended December 2010, an
increase of 13.43% over 2009. The operating profit of the company was KRW
17,296,536.00 million during the fiscal year 2010, an increase of 58.32% over
2009. The net profit of the company was KRW 15,799,035.00 million during the
fiscal year 2010, an increase of 65.06% over 2009.
Audio and Video Equipment Manufacturing
Brand/Trade Names
SAMSUNG
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Strategic Initiatives
Partnerships
Cadence said that
its Silicon Realization reference flow is fully optimized to deliver
significant power savings with utmost quality on all counts, and offers
time-to-market advantages for innovative electronic designs targeted to the
Common Platform alliance's 32/28-nanometer process. Chi-Ping Hsu, senior vice
president of research and development for Silicon Realization Group at Cadence,
said: "Our close collaboration with the Common Platform partners brings
together silicon-proven tools, end-to-end flows and methodologies as an aid to
advanced designers looking to achieve better predictability in design
convergence, superior quality of silicon and higher design productivity. The
close collaboration between Cadence and the Common Platform alliance on
advanced node, low-power design solutions for Silicon Realization gives
designers a fast track to silicon success."GlobalData uses a range of
research techniques to gather and verify its information and analysis. These
include primary research, in-house knowledge and expertise, proprietary
databases, and secondary sources such as company websites, annual reports, SEC
filings and press releases.
In addition,
concurrent design for manufacturing (in-design DFM) technology is enabled on
demand to ensure manufacturability at 32 and 28 nanometers. Cadence said that
its Silicon Realization reference flow is fully optimized to deliver
significant power savings with utmost quality on all counts, and offers
time-to-market advantages for innovative electronic designs targeted to the
Common Platform alliance's 32/28-nanometer process. Chi-Ping Hsu, senior vice
president of research and development for Silicon Realization Group at Cadence,
said: "Our close collaboration with the Common Platform partners brings
together silicon-proven tools, end-to-end flows and methodologies as an aid to
advanced designers looking to achieve better predictability in design
convergence, superior quality of silicon and higher design productivity. The
close collaboration between Cadence and the Common Platform alliance on advanced
node, low-power design solutions for Silicon Realization gives designers a fast
track to silicon success."GlobalData uses a range of research techniques
to gather and verify its information and analysis.
Sales and
Distribution
The segments
revenue increased by 1% to KRW58,920 billion. Such robust growth of the segment
will help the overall profitability of the company.Diverse Portfolio of
ProductsSamsung produces the full spectrum of electronic items and home
appliances including, televisions, DVD players, MP3 players, refrigerators,
washing machines, air conditioners, personal computers, note books, monitors,
fax machines, memory devices, semiconductors, printers and mobile phones and
accessories. Samsung operates with an underlying strategy of 'Digital
e-Company', which helped it become the leader of the digital convergence
revolution through the broadening of its segments/business units. The company
structures its operations according to market conditions for gaining higher
market share through the digital convergence of products. Furthermore, it
improved its communication process across the entire supply chain from sales to
marketing, and communications to research, and manufacturing and distribution
by integrating on a single intensive Internet based platform.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
Samsung carries
out manufacturing and selling of consumer electronic products. It operates in
more than 70 countries worldwide through a network of subsidiaries and
affiliates. The company's diverse product portfolio and geographical reach are
major strengths of the company, even as involvement in several litigations,
decline in inventory turnover and operational performance are areas of concern.
However, the company could benefit from launch of new products and strategic
collaborations. Stiff competition and rapid technological changes could affect
the company's operational and financial performance.
Strengths
Liquidity Position
Samsung reported
improvement in its liquidity position in 2011. For the fiscal year ended
December 2011, the company reported current ratio of 1.6, as compared to 1.5 in
2010. its quick ratio also improved marginally to 1.22 in 2011, as compared to
1.17 in 2010. The improvement was driven by higher growth in the company’s total
current assets than its current liabilities. In 2011, the company’s total
current assets stood at KRW71502 trillion, indicating an increase of 16.44%
over KRW61,402 trillion in 2010. Its total current liabilities declined to
KRW44,319 trillion, from KRW39,944 trillion in 2010. Cash from operating
activities also forms an important part of the liquidity. In 2011, the company
reported total cash of KRW22917 trillion from its operating activities. Strong
liquidity ensures the financial stability and makes it possible for the company
to meet with its short-term obligations.
Comprehensive
Product Portfolio
Samsung is one of
the leading manufacturers of the electronic goods. The company has divided its
business into five business segments, namely, Digital Media, Telecommunication,
LCD, Semiconductor and Others. The company offers its products through eight
independent businesses, namely, Visual Display, IT Solutions, Digital
Appliances, Mobile Communications, Telecommunication Systems, Digital Imaging,
Semiconductor Business, and LCD Business. The Digital Media segment of the
company manufactures color TV, monitors, MP3 players, DVD Players, home theater
systems, laser printers, digital camcorders, laptops and potable entertainment
devices. Touch of Color TVs, all-in-one color laser printers and 4th-generation
Blu-ray disc players are a few innovative products of Samsung’s Digital Media
business division. Additionally, it manufactures and sells handsets, networking
systems and other consumer electronics. The Telecommunication segment of the
company manufactures mobile phones based on next generation technology,
including Mobile WiMAX. The company provided full-blown commercial mobile WiMAX
services in the US, Japan and Russia. The company reported strong sales of
Galaxy S II with expansion of high-end (Galaxy Note/Nexus, etc.) and
mass-market (Galaxy Ace/Y, etc.) model line-ups. The Semiconductor segment of
the company offers dynamic random access memory (DRAM), static random access
memory (SRAM), NAND flash memory and Solid State Drives (SSDs), display driver
IC (DDI), CMOS image sensor (CIS), mobile application processor (AP), smart
card IC and media player SoC, hard disk drives for notebook and desktop PCs,
digital camcorders, MP4 players, and a wide range of other consumer electronics
and mobile devices. Such range of product offerings would help the company
mitigate risks with diversified customer base.
Geographic Reach
Wide geographical
operations lead to greater benefits, improved profit margins, economies of
scale, and recognition on a worldwide basis. The company operates principally
in Asia, Europe and America through 197 offices in more than 70 countries.
Geographically, the company has divided its business into five regions, namely,
Korea, America, Europe, Asia and Africa, and China. For the fiscal year ended
December 2011, America accounted for 29% of the company’s total revenue
followed by Europe (24%), Asia and Africa (17%), Korea (16%), and China (14%).
Geographical diversity enables the group to mitigate risks associated with
overdependence on a specific market. It bestows the group with a wide customer
base, strong brand presence and growth opportunities across emerging markets.
Weaknesses
Legal Proceedings
The company has
been involved in several litigations. In April 2012, Potter Voice Technologies
filed Colorado Patent Infringement Lawsuit against the company. Potter Voice’s
lawsuit includes claims against a group of 15 defendant companies includinh
Apple Inc, and the company, accused of infringing Potter's U.S. Patent No.
5,729,659, which was issued by the U.S. Patent and Trademark in 1998. In March
2012, the company, Sony Corporation, and four other companies were sued by
Graphics Properties Holdings Inc for allegedly infringing a patent through
their sale of mobile phones and other electronic devices. The patent at issue
relates to a computer graphics process that turns text and images into pixels
to be displayed on screens. In addition, the company is facing an array of
litigations by Apple Inc, for infringement of its proprietary products such as
Ipad and Iphone. Such involvement in litigation affects the brand image of the
company.
Decline in
Operational Performance
Samsung reported
decline in its operational performance in 2011. For the fiscal year ended
December 2011, the company reported total revenue of KRW165001 trillion, as
compared to KRW154630 trillion in 2010. The company’s operating income stood
at KRW16,249 trillion, reflecting a decline of 6% over KRW17296 trillion in
2010. The decline in operating income was mainly attributable to increase in
the company’s operating expenses. In 2011, its operating expenses stood at
KRW148,752 trillion, as compared to KRW137,333 trillion in 2010. Total expenses
as a percentage of sales amounted to 90.15%, as compared to 88.80% in 2010. As
a result, the company’s operating margin declined to 9.84% in 2011, as compared
to 11.18% in 2010. Decline in operational performance resulted in the decline
in the profitability of the company. In 2011, the company reported net profit
of KRW13,359 trillion, reflecting a decline of 15.44% over KRW 15,799 trillion
in 2010.
Decline in
Inventory Turnover
Samsung’s has
been reporting decline in its inventory turnover for the last two years. For
the fiscal year ended December 2011, the company reported inventory turnover
ratio of 6.50 as compared to 7 and 8.30 in 2010 and 2009 respectively. As of
December 2011, the value of the company's inventory totaled to KRW17153
trillion, reflecting an increase of 17% over KRW16670 trillion in 2010. Decline
in inventory turnover reflects that the company required 56 days to sell its
inventory on hand, as compared to 52 days and 44 days in 2010 and 2009
respectively. The increase in days of inventory on hand indicates the
company’s weak sales or ineffective buying. The declining inventory turnover
ratio affects the company‘s performance and raises its inventory cost such as
warehouse and material handling cost.
Opportunities
Outlook for Memory
Products
Positive outlook
for memory products could improve the company’s market share and growth
opportunities in the future. The huge demand for NAND flash memory stems from
the increasing demand for smart phones, iPhones, iPads, PCs, high performance
workstations, servers, switches, routers and Internet infrastructure. The
industrial customers have been demanding flash drives instead of rotating disk
drives for enhancing performance and consistency. Flash memory accounts for
approximately 8% of the total revenue generated by the semiconductor industry.
The flash memory market generated revenue of $23.80 billion in 2010 and is
expected to rise to $30.38 billion in 2012. The demand for NAND flash is
expected to grow at a CAGR of 14.80% between 2010 and 2014, driven by demand
from end-user segments including mobile handsets, MP3/PMP players, digital
cameras, and USB flash drives. This outlook augurs well for the company.
Strategic
Collaborations
Strategic
Collaborations provides various growth and expansion opportunities to the
company. In April 2012, the company, Neotion SA, and Fransat entered into a
strategic collaboration wherein Eutelsat Communications SA, the parent company
of Fransat launched a new satellite television solution that can be
incorporated into the company’s ES series televisions using using Neotion
SA's decryption modules and Fransat's access card. In February 2012, the
company announced that it was considering the acquisition of Samsung Mobile
Display, a joint venture (JV) with Samsung SDI Co., Ltd. Samsung Mobile Display
is a near monopolistic supplier of organic light-emitting diode (OLED) displays
used in high-end smartphones and touted as the next-generation display to
replace LCD flat screens in televisions. In January 2012, the company enhanced
its advertising collaboration with Rovi Corporation. Samsung is expected to
take advantage of a wide range of new advertising capabilities, Rovi has been
introducing including new Request For Information (RFI) capabilities that
support click to call, email, and quick response (QR) codes within
advertisements, social networking options, as well as additional TV commerce
capabilities. In December 2012, the company signed an agreement with Sony
Corporation to form a new business alliance in liquid crystal panel business.
As per the agreement, the company would acquire the joint venture S-LCD, a
manufacturer of liquid crystal panel. Such business collaborations would open
new growth avenues for the company.
Launch of New
Products
The company is
constantly involved in the manufacture of innovative products to meet
customer’s changing requirements. In May, the company launched its new Galaxy
series smartphone, Galaxy S III. In May 2012, the company launched interactive
Smart TV models LED ES8000, ES7500 series, and Plasma E8000 series in India. In
March 2012, the company enhanced its GALAXY tab range with the introduction of
new Samsung GALAXY Tab 2 310. In January 2012, Samsung launched its widest
range of 2012 BEE star rated Split Air conditioner models in the Indian market.
39 Split AC models, with ratings between 1 and 5 have been launched across the
company’s eight air conditioner series available in the Indian market. In
November 2011, the company launched mobile phone Galaxy Note in the Indian
market. Recently, the company launched the bada 2.0 smartphone. The new version
of smartphone operating system incorporates support for near field
communications, web applications and scalable user interface. In the same
month, the company launched Wave 3 in the global markets. In February 2011, the
company introduced two compact cameras that encompass high-end technology and
related features. It offers 14 and 12 mega pixel resolution with 5X zoom
capability. Furthermore, the company launched the industry’s first DDR4 DRAM
module utilizing a 30 nanometer (nm) class process technology. The new module
incorporates the capability to achieve a data transfer rate of 2.133 gigabits
per second (Gbps) at 1.2V. In October 2010, Samsung introduced the OMNIA 7
smartphone comprising Windows phone 7 platform across the Asia and Europe.
Launch of innovative products at regular intervals would help the company gain
new customer base and increase its presence in the market.
Threats
Competition
The PC peripherals
industry is intensely competitive. It is characterized by short product life
cycles, continual performance enhancements, and rapid adoption of technological
and product advancements by competitors in the retail market, and price
sensitivity in the original equipment manufacturer (OEM) market. The notebook
product line offered by the company faces competition from Dell, Hewlett-Packard,
LG Electronics and Acer. In the audio business, the company faces competition
from several small competitors and also from larger established consumer
electronics companies, such as Sony and Philips. In the digital appliances
business, its competitors include LG Electronics, Panasonic, Sharp Corp., and
Sony. The company's competitors in mobile phone market include Nokia, Motorola,
Apple, Sony Ericsson and others. Many of the competitors across categories or
markets have equal or greater marketing resources and brand recognition as the
company. In addition, continuing convergence of the markets for computing
devices and consumer electronics could further increase the competition.
Foreign Currency
Fluctuations
The robust
international operations of the company increased its exposure to foreign
currency fluctuations. The company operates throughout the world and has
dealings in various currencies. It operates in 72 countries and transacts
business in more than 60 currencies including Euro, Chinese Renminbi, British
Pound Sterling, Japanese Yen, Taiwanese Dollar, Canadian Dollar, and Mexican
Peso. However, the functional currency of the company’s operations is the
South Korean Won. The company makes efforts to mitigate risks through foreign
currency hedging. However, hedging activities may not offset more than a
portion of the adverse financial impact resulting from unfavorable movement in
foreign currency exchange rates. Such fluctuations in currency would negatively
impact the overall financial health of the company.
Rise in
Counterfeit Products
Samsung’s
business depends on the uniqueness and quality of its products. The high
penetration of counterfeit merchandise may lower the sales of the company and
adversely affect its profit margins. Moreover, as the customers end up buying
the counterfeited products bearing the look a like brand labels, the low
quality of these counterfeits affects the consumer confidence and also
tarnishes the brand image of the company. The US Chamber of Commerce estimates
a cost of $500-600 billion per year on the global economy due to counterfeiting
and piracy activities. It accounts for about 5-7% of the world trade. In US
alone, counterfeit activities result in a yearly sales loss of about $200-250
billion. With the increase in imitation products, the company’s financial
health and brand position may be severely affected.
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Samsung Electronics Co., Ltd. |
|
|
|
|
|
Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Suwon |
Korea, Republic of |
Audio and Video Equipment |
148,933.2 |
190,500 |
|
|
Subsidiary |
Zhaoyan District, Beijing |
China |
Chemical Manufacturing |
1,000.0 |
5,000 |
|
|
Subsidiary |
México, D.F. |
Mexico |
Appliance and Tool |
1,619.7 |
2,960 |
|
|
Subsidiary |
Manaus, AM |
Brazil |
Audio and Video Equipment |
5,351.7 |
2,800 |
|
|
Subsidiary |
Galanta |
Slovakia |
Audio and Video Equipment |
4,304.2 |
2,662 |
|
|
Subsidiary |
Seongnam-si, Gyeonggi-do |
Korea, Republic of |
Retail (Specialty) |
1,495.7 |
2,585 |
|
|
Subsidiary |
Jakata Selatan |
Indonesia |
Electronic Instruments and Controls |
|
1,775 |
|
|
Subsidiary |
Jászfényszaru |
Hungary |
Audio and Video Equipment |
4,746.6 |
1,754 |
|
|
Subsidiary |
Seremban, Negeri Sembilan |
Malaysia |
Computer Hardware |
1,480.7 |
1,200 |
|
|
Subsidiary |
Chertsey |
United Kingdom |
Appliance and Tool |
4,294.9 |
910 |
|
|
Subsidiary |
Weybridge, |
United Kingdom |
Electronic Instruments and Controls |
1,246.3 |
60 |
|
|
Subsidiary |
Chertsey |
United Kingdom |
Office Equipment |
|
|
|
|
UK Branch/Trading address |
Manchester |
United Kingdom |
Communications Services |
|
2 |
|
|
Subsidiary |
Warszawa |
Poland |
Audio and Video Equipment |
1,277.9 |
820 |
|
|
Subsidiary |
Schwalbach Am Taunus, Hessen |
Germany |
Commercial Banks |
8,536.0 |
600 |
|
|
Subsidiary |
Suwon-si, Gyeonggi-do |
Korea, Republic of |
Miscellaneous Transportation |
1,268.5 |
548 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Scientific and Technical Instruments |
183.7 |
422 |
|
|
Subsidiary |
Schwalbach Am Taunus, Hessen |
Germany |
Appliance and Tool |
3,336.0 |
400 |
|
|
Subsidiary |
Cernusco Sul Naviglio, MI |
Italy |
Electronic Instruments and Controls |
2,642.6 |
377 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Electronic Instruments and Controls |
974.1 |
300 |
|
|
Subsidiary |
Alcobendas, Madrid |
Spain |
Audio and Video Equipment |
1,830.3 |
267 |
|
|
Subsidiary |
Homebush Bay, NSW |
Australia |
Miscellaneous Capital Goods |
1,323.7 |
225 |
|
|
Subsidiary |
Saint-Denis La Plaine |
France |
Appliance and Tool |
3,629.1 |
224 |
|
|
Subsidiary |
Wien, Wien |
Austria |
Electronic Instruments and Controls |
609.7 |
200 |
|
|
Subsidiary |
Lima |
Peru |
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
Upplands Väsby |
Sweden |
Appliance and Tool |
1,098.5 |
195 |
|
|
Subsidiary |
Eschborn, Hessen |
Germany |
Semiconductors |
7,452.9 |
160 |
|
|
Subsidiary |
Ridgefield Park, NJ |
United States |
Appliance and Tool |
15,000.0 |
150 |
|
|
Subsidiary |
San Jose, CA |
United States |
Electronic Instruments and Controls |
2,000.0 |
1,000 |
|
|
Branch |
Irvine, CA |
United States |
Semiconductors |
8.6 |
15 |
|
|
Branch |
Pasadena, CA |
United States |
Semiconductors |
5.7 |
10 |
|
|
Branch |
Houston, TX |
United States |
Electronic Instruments and Controls |
5.3 |
7 |
|
|
Branch |
Cary, NC |
United States |
Semiconductors |
4.0 |
7 |
|
|
Subsidiary |
Austin, TX |
United States |
Appliance and Tool |
549.3 |
1,000 |
|
|
Subsidiary |
Richardson, TX |
United States |
Electronic Instruments and Controls |
3.4 |
300 |
|
|
Branch |
Bridgewater, NJ |
United States |
Communications Services |
16.7 |
50 |
|
|
Branch |
Phillipsburg, NJ |
United States |
Retail (Technology) |
5.5 |
17 |
|
|
Branch |
Germantown, MD |
United States |
Communications Services |
3.9 |
9 |
|
|
Branch |
Shawnee Mission, KS |
United States |
Communications Services |
3.9 |
9 |
|
|
Branch |
Radnor, PA |
United States |
Electronic Instruments and Controls |
7.1 |
7 |
|
|
Branch |
Eagan, MN |
United States |
Retail (Technology) |
1.3 |
4 |
|
|
Branch |
North Middletown, NJ |
United States |
Appliance and Tool |
4.0 |
2 |
|
|
Subsidiary |
San Jose, CA |
United States |
Business Services |
|
200 |
|
|
Branch |
San Jose, CA |
United States |
Computer Hardware |
16.4 |
14 |
|
|
Branch |
San Jose, CA |
United States |
Miscellaneous Financial Services |
|
4 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Appliance and Tool |
|
180 |
|
|
Branch |
Compton, CA |
United States |
Advertising |
33.9 |
150 |
|
|
Branch |
San Diego, CA |
United States |
Retail (Technology) |
22.6 |
70 |
|
|
Branch |
Mt Arlington, NJ |
United States |
Electronic Instruments and Controls |
7.1 |
7 |
|
|
Branch |
Oak Brook, IL |
United States |
Electronic Instruments and Controls |
7.1 |
7 |
|
|
Branch |
Roseville, CA |
United States |
Computer Hardware |
6.3 |
7 |
|
|
Branch |
El Segundo, CA |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Minneapolis, MN |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Louisville, KY |
United States |
Personal Services |
|
4 |
|
|
Subsidiary |
Bryanston |
South Africa |
Appliance and Tool |
60.0 |
100 |
|
|
Subsidiary |
Klang, Selangor |
Malaysia |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Athens |
Greece |
Electronic Instruments and Controls |
|
100 |
|
|
Subsidiary |
Ciudad De Buenos Aires, Ciudad De Buenos Aires |
Argentina |
Electronic Instruments and Controls |
26.4 |
80 |
|
|
Subsidiary |
Palo Alto, CA |
United States |
Broadcasting and Cable Television |
14.5 |
57 |
|
|
Subsidiary |
Doral, FL |
United States |
Retail (Technology) |
16.8 |
52 |
|
|
Subsidiary |
Makati , Metro Manila |
Philippines |
Miscellaneous Capital Goods |
|
50 |
|
|
Subsidiary |
Istanbul, Istanbul |
Turkey |
Miscellaneous Capital Goods |
|
50 |
|
|
Subsidiary |
Delft, Zuid-Holland |
Netherlands |
Computer Hardware |
1,337.8 |
42 |
|
|
Samsung
Electronics, Filial af Samsung Electronics Nordic Ab, Sverige |
Subsidiary |
København Sv |
Denmark |
Miscellaneous Capital Goods |
|
35 |
|
Subsidiary |
Chertsey |
United Kingdom |
Appliance and Tool |
|
28 |
|
|
Subsidiary |
Eindhoven, North Brabant |
Netherlands |
Biotechnology and Drugs |
|
26 |
|
|
Subsidiary |
Burnaby, BC |
Canada |
Retail (Technology) |
8.5 |
20 |
|
|
Subsidiary |
Oslo, Oslo |
Norway |
|
8.6 |
17 |
|
|
Subsidiary |
Milpitas, CA |
United States |
Computer Storage Devices |
|
15 |
|
|
Subsidiary |
Istanbul, Istanbul |
Turkey |
Miscellaneous Capital Goods |
|
11 |
|
|
Subsidiary |
Maadi, Cairo |
Egypt |
Construction Services |
200.0 |
10 |
|
|
Subsidiary |
Delft, Zuid-Holland |
Netherlands |
Electronic Instruments and Controls |
349.7 |
5 |
|
|
Subsidiary |
Delft, Zuid-Holland |
Netherlands |
Miscellaneous Transportation |
9,898.4 |
|
|
|
Subsidiary |
Chaoyang District, Beijing |
China |
Miscellaneous Capital Goods |
1,000.0 |
|
|
|
Subsidiary |
Borovskiy Rayon, Kaluzhskaya Oblast |
Russian Federation |
Audio and Video Equipment |
648.4 |
|
|
|
Subsidiary |
Bogotá DC |
Colombia |
Appliance and Tool |
432.2 |
|
|
|
Subsidiary |
San Juan |
Philippines |
Appliance and Tool |
274.6 |
|
|
|
Subsidiary |
Bogota, Bogota |
Colombia |
Electronic Instruments and Controls |
0.3 |
|
|
|
Subsidiary |
Suzhou |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Bangalore |
India |
Software and Programming |
|
|
|
|
Subsidiary |
Suzhou |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Mexico City |
Mexico |
Appliance and Tool |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Cheonan-si |
Korea, Republic of |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Suzhou |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Appliance and Tool |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Appliance and Tool |
|
|
|
|
Subsidiary |
Cheonan-Si |
Korea, Republic of |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Hochiminh City |
Viet Nam |
Appliance and Tool |
|
|
|
|
Subsidiary |
Rijswijk |
Netherlands |
Appliance and Tool |
|
|
|
|
Subsidiary |
Weihai |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Huizhou City |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Suzhou |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Central, Hong Kong Island |
Hong Kong |
Appliance and Tool |
|
|
|
|
Subsidiary |
Gwangju |
Korea, Republic of |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Maadi, Cairo |
Egypt |
Communications Services |
|
|
|
|
Subsidiary |
Lima |
Peru |
Appliance and Tool |
|
|
|
|
Subsidiary |
Tianjin, Tianjin |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Cheonan-City |
Korea, Republic of |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Appliance and Tool |
|
|
|
|
Subsidiary |
Santiago |
Chile |
Appliance and Tool |
|
|
|
|
Subsidiary |
Shanghai |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Tianjin |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Tianjin |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Shenzhen |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Roissy CDG |
France |
Appliance and Tool |
|
|
|
|
Subsidiary |
Ramat Gan |
Israel |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Yokohama |
Japan |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Bratislava |
Slovakia |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Voderady |
Slovakia |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Kyiv |
Ukraine |
Electronic Instruments and Controls |
|
|
Competitors Report
|
CompanyName |
Location |
Employees |
Ownership |
|
Alcatel-Lucent USA Inc. |
New Providence, New Jersey, United States |
21,946 |
Private |
|
Cisco Systems, Inc. |
San Jose, California, United States |
71,825 |
Public |
|
Dongbu HiTek Semiconductor |
Seoul, Korea, Republic of |
1,800 |
Private |
|
FUJITSU LIMITED |
Tokyo, Japan |
172,336 |
Public |
|
Globalfoundries Silicon Partners Pte. Ltd. |
Singapore, Singapore |
6,004 |
Private |
|
Hewlett-Packard Company |
Palo Alto, California, United States |
349,600 |
Public |
|
Hitachi, Ltd. |
Tokyo, Japan |
372,360 |
Public |
|
Infineon Technologies AG |
Neubiberg, Germany |
26,026 |
Public |
|
Intel Corporation |
Santa Clara, California, United States |
100,800 |
Public |
|
JDS Uniphase Corporation |
Milpitas, California, United States |
5,000 |
Public |
|
Koninklijke Philips Electronics NV |
Amsterdam, Netherlands |
122,008 |
Public |
|
LG Electronics Inc. |
Seoul, Korea, Republic of |
35,626 |
Public |
|
Micron Technology, Inc. |
Boise, Idaho, United States |
26,100 |
Public |
|
Mitsubishi Electric Corporation |
Tokyo, Japan |
114,443 |
Public |
|
National Semiconductor Corporation |
Santa Clara, California, United States |
5,700 |
Public |
|
NEC Corp |
Tokyo, Japan |
115,840 |
Public |
|
Nokia Oyj |
Espoo, Finland |
129,355 |
Public |
|
Nortel Networks Corporation |
Mississauga, Ontario, Canada |
740 |
Public |
|
Panasonic Corporation |
Kadoma-Shi, Japan |
348,028 |
Public |
|
Philips Consumer Electronic Services B.V. |
Eindhoven, Netherlands |
10,000 |
Private |
|
Photronics, Inc. |
Brookfield, Connecticut, United States |
1,350 |
Public |
|
Sanyo Electric Co Ltd |
Moriguchi, Osaka Pref, Japan |
92,675 |
Public |
|
Sharp Corporation |
Osaka-Shi, Japan |
57,200 |
Public |
|
Siemens AG |
Muenchen, Germany |
405,000 |
Public |
|
SK Hynix Inc |
Icheon, Korea, Republic of |
20,046 |
Public |
|
SONY CORPORATION |
Tokyo, Japan |
168,200 |
Public |
|
Spansion Inc. |
Sunnyvale, California, United States |
3,375 |
Public |
|
|
|
34,759 |
Public |
|
Whirlpool Corporation |
|
68,000 |
Public |
Executives Report
|
|
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Significant Developments
Samsung Electronics Co Ltd Announces Acquisition Of Nanoradio AB Jun 01, 2012
Samsung Electronics Co Ltd announced that it has acquired Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones. Headquartered in Kista, Sweden, Nanoradio has approximately 60 employees. Terms of the transaction were not disclosed.
Apple Inc, Samsung Electronics Co Ltd CEOs In US Court Talks On Patents-Reuters May 21, 2012
Reuters reported that the Chief Executives of Apple Inc and Samsung Electronics Co Ltd were summoned for court-directed mediation on Monday over the iPhone maker's claims the Korean firm has 'slavishly' copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung were instructed by a federal judge to appear for a two-day mediation to help resolve the bitter patent litigation between the two companies. There was no sign of either CEO at the San Francisco federal courthouse on Monday. The mediation session had been on a magistrate judge's calendar for Monday morning, but the meeting, which is not open to the public - could have been arranged at an undisclosed location, such as a law firm office. The U.S. case, the most closely watched in a global patent war between the two companies involving some 20 cases in 10 countries, is set for trial at the end of July in San Jose, California. Each company denies the other's allegations of patent infringement. Apple, the maker of the iPod, iPad and iPhone, has a complex relationship with Samsung, a conglomerate that makes computer chips, Galaxy smartphones, and televisions.
US Court Revives Apple Inc's Claim On Samsung Electronics Co Ltd's Tablets-Reuters May 14, 2012
Reuters reported that A US appeals court ruled on Monday that Apple Inc could press its bid for an immediate injunction to block the sale of some tablet computers made by Samsung Electronics Co Ltd based on allegations of infringement of one patent. The US Court of Appeals for the Federal Circuit said the judge in a district court in California had erred in deciding that Apple failed to show that it was likely to succeed on the merits and sent the case back to the district count for further review. Appeals court also ruled that the lower court was right to deny Apple requested preliminary injunctions which would have stopped sale of Samsung smartphones and tablets based on three other patents. The three patents include two that have to do with smartphone design and a third related to scrolling. The patent ruling in Washington is part of a larger legal proceeding in California. Apple sued Samsung in US last year, saying Samsung's Galaxy line of mobile phones and tablets "slavishly" copies the iPhone and iPad. Samsung then countersued Apple. In mid-April, Both agreed that their chief executives would participate in settlement talks to try to resolve the dispute, according to an order by US District Judge Lucy Koh. One of three judges hearing the case dissented from part of majority decision, saying that the finding for Apple in the tablet design patent should not result in ruling returning the issue to the lower court but that Apple should have been granted its injunction.
Samsung Electronics Co Ltd Acquires mSpot May 09, 2012
Samsung Electronics Co Ltd announced that it is acquiring mSpot, Inc., a mobile cloud-based content service provider based in Palo Alto, California. The acquisition will include the full scope of technology, assets and human resources under mSpot. Further details of the transaction were not disclosed.
Potter Voice Technologies Files Colorado Patent Infringement Lawsuit Against Samsung Electronics Co Ltd, Others, Says The Lanier Law Firm
Apr 25, 2012
Attorneys from The Lanier Law Firm are representing Brighton, Colo.-based Potter Voice Technologies LLC in a federal patent infringement lawsuit against a group of cell phone manufacturers and technology companies for allegedly infringing a 14-year-old patent that covers technology used in Apple's Siri and other electronic products that rely on voice commands to control computer functions. The lawsuit filed April 25, 2012, in Denver federal court includes claims against a group of 15 defendant companies accused of infringing Potter's U.S. Patent No. 5,729,659, which was issued by the U.S. Patent and Trademark Office on March 17, 1998. The legal team representing Potter is led by intellectual property attorneys Christopher Banys and Daniel Bedell from The Lanier Law Firm's office in Palo Alto, Calif. The federal lawsuit includes claims of willful infringement against Apple Inc., Sony Corp., and Microsoft Corp. Other defendants named in the lawsuit are Google Inc. HTC Corp. and HTC America Inc., Samsung Electronics Co. Ltd. and Samsung Electronics America Inc.; Sony Mobile Communications AB and Sony Corp. of America; LG Electronics Inc. and LG Electronics Mobilecomm U.S.A. Inc.; Motorola Solutions Inc. and Motorola Mobility Inc.; ZTE Corp. and ZTE (USA) Inc.; Kyocera Corp.; Sharp Corp. and Sharp Electronics Corp.; Huawei Technologies Co. Ltd. and Huawei America Inc.; Pantech Wireless Inc.; Research In Motion Limited and Research In Motion Corp.; and Nokia Corp. and Nokia Inc.
US Judge Sends Apple Inc, Samsung Electronics Co Ltd To Settlement Talks-Reuters Apr 17, 2012
Reuters reported that Apple Inc and Samsung Electronics Co Ltd agreed that their Chief Executives would participate in settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing. Apple sued Samsung in the United States last year, saying the South Korean company's Galaxy line of mobile phones and tablets 'slavishly' copies the iPhone and iPad. Samsung then countersued Apple. In a court filing late on Monday, both companies agreed to the settlement conference. U.S. District Judge Lucy Koh on Tuesday then referred the companies to a San Francisco-based magistrate judge who will lead the talks. Along with Apple Chief Executive Tim Cook and Samsung CEO Choi Gee-sung, both companies' general counsels will also participate, according to Koh's order. The two companies are engaged in a bruising legal battle that includes more than 20 cases in 10 countries as they jostle for the top spot in the smartphone and tablet markets. In the case before Koh, trial is currently scheduled for July.
Samsung Electronics Co Ltd Says To Unveil New Galaxy S Smartphone On May 3-Reuters Apr 16, 2012
Reuters reported that Samsung Electronics Co Ltd would unveil the third-generation of its flagship smartphone Galaxy S on May 3 in London.
Samsung Electro-Mechanics Co., Ltd. to Sell Entire Shares of Samsung Electronics Co Ltd Apr 12, 2012
Samsung Electro-Mechanics Co., Ltd. announced that it will sell entire 269,867 shares of Samsung Electronics Co Ltd, which mainly engaged in the manufacturing and wholesale of electrical and electronics products, for KRW 343,540,691,000, on April 13, 2012 to improve the financial structure.
Neotion SA, Samsung Electronics Co Ltd and Eutelsat Communications SA's Fransat Announce New Satellite Television Offer Apr 10, 2012
Neotion SA, Samsung Electronics Co Ltd and Fransat, a subsidiary of Eutelsat Communications SA, announced the launch of a new solution in France that integrates Fransat's satellite television offering into Samsung Electronics Co Ltd's 2012 range of television sets (ES series) using Neotion SA's decryption modules and Fransat's access card.
Samsung Electronics Co Ltd to Establish New Subsidiary Apr 02, 2012
Samsung
Electronics Co Ltd announced that it will establish a new wholly owned
subsidiary in China. The new entity, to be capitalized at KRW 2,605,900
million, will be mainly engaged in the memory manufacturing.
Apple Inc., Samsung
Electronics Co Ltd, Four Others Sued By Graphics Properties Holdings
Inc-Reuters
Mar 27, 2012
Reuters reported
that Apple Inc., Sony Corporation and four other companies were sued by
Graphics Properties Holdings Inc, formerly known as Silicon Graphics Inc, for
allegedly infringing a patent through their sale of mobile phones and other
electronic devices. The lawsuits against Apple Inc., Sony, HTC Corporation, LG
Electronics Inc. and Samsung Electronics Co Ltd, and Research In Motion Limited
were filed in the U.S. District Court in Wilmington, Delaware. The patent at
issue relates to a computer graphics process that turns text and images into
pixels to be displayed on screens. According to the lawsuits, the defendants'
infringing devices include Apple's iPhone and the HTC EVO4G, LG Thrill,
Research in Motion Torch, Samsung Galaxy S and Galaxy S II, and Sony Xperia
Play smartphones. Graphics Properties said that unless the alleged
infringements are halted, it will suffer irreparable harm. The lawsuits seek to
stop the sale of infringing products and also seek reasonable royalties and
other damages. Apple and Samsung did not immediately respond to requests for
comment. Silicon Graphics filed for bankruptcy in 2009 and sold much of its
operations to Rackable Systems Inc. The remaining operations are based in New
Rochelle, New York, and are owned by private investment firms and other
investors, according to the complaints.
Samsung
Electronics Co Ltd Files Fresh Lawsuit Against Apple Inc. In South Korea-Reuters
Mar 07, 2012
Reuters reported
that Samsung Electronics Co Ltd has filed another lawsuit against Apple Inc. in
South Korea, claiming the iPhone 4S and iPad2 infringed on three of its
patents. The move escalates the tension between the firms as they vie for
dominance of the mobile device market, after a series of legal clashes in
Australia, Germany, and the Netherlands. Samsung said the fresh suit, filed on
Tuesday to a Seoul court, covers three utility patents and involves methods of
displaying data, the user interface, and short text messages. The companies
have extended their fight to more than 30 cases in 10 countries since Apple
fired its first salvo in April, claiming Samsung copied its iPhone and iPad
models.
German Court
Dismisses Apple Inc.'s Suit Against Samsung Electronics Co Ltd's Favor On
Slide-To-Lock-DJ Mar 02, 2012
Dow Jones reported
that a German court on Friday dismissed a patent infringement suit brought by
Apple Inc. against Samsung Electronics Co Ltd over slide-to-lock technology, a feature
that blocks and unblocks device screens with the slide of a finger. In a
separate case, the Mannheim Regional Court also Friday rejected a case brought
by Samsung against Apple over the alleged infringement of a third-generation,
or 3G, wireless patent.
Sensio
Technologies Inc And Samsung Electronics Reach Patent License Agreement Over
SENSIO(R) S2D Switch Feb 29, 2012
Sensio
Technologies Inc and Samsung Electronics co., Ltd announced that they have
reached a patent license agreement over the SENSIO(R) S2D Switch. As a result
of this agreement, SENSIO is licensing Samsung Electronics the right to
implement SENSIO(R) S2D Switch in its 3DTVs. The financial terms of the license
agreement will remain confidential.
Samsung
Electronics Co., Ltd. Mulls Spinoff Of LCD Operations-DJ Feb 14, 2012
Dow Jones reported
that Samsung Electronics Co., Ltd. is considering spinning off its liquid
crystal display operations into a separate company, in a bid to strengthen the
competitiveness of the business which has been mired in losses due to a supply
glut. The Company is considering several ways to boost the LCD business,
including a possible spinoff, but hasn't made a final decision.
Apple Inc.
Launches New Legal Attack On Samsung Electronics Co., Ltd.-Reuters Feb 13, 2012
Reuters reported
that Apple Inc raised the stake in an intensifying global patent battle with
Samsung Electronics Co., Ltd. by targeting the latest model using Google's
Android software. Apple has asked a federal court in California to block
Samsung from selling its new Galaxy Nexus smartphones, which use Google's
newest version of Android, called Ice Cream Sandwich, alleging four patent
violations including new features such as a voice command search function. In a
lawsuit filed in San Jose, Apple said the Galaxy Nexus infringes on patents
underlying features customers expect from Apple products. Those include the
ability to unlock phones by sliding an image and to search for information by
voice.
Samsung
Electronics Co., Ltd. Says May Fully Takeover OLED Unit, JV With Samsung SDI
Co., Ltd.-Reuters Feb 07, 2012
Reuters reported
that Samsung Electronics Co., Ltd. is considering fully taking over unlisted
flat-screen display maker Samsung Mobile Display, a joint venture (JV) with
Samsung SDI Co., Ltd. Samsung Mobile Display is a near monopolistic supplier of
organic light-emitting diode (OLED) displays used in high-end smartphones and
touted as the next-generation display to replace LCD flat screens in
televisions.
EU Opens Formal
Antitrust Probe Against Samsung Electronics Co., Ltd. Over Patents-DJ
Jan 31, 2012
Dow Jones reported
that the European Commission (EU) has opened a formal investigation into
Samsung Electronics Co., Ltd. to see whether it is using specially-protected
patents, known as 'standards-essential', to distort the market for mobile
devices such as phones and tablets in Europe. The case hinges on
standards-essential patents, patents which cover an area that is crucial to
compliance with an industry standard, such as 3G or WiFi.
Court Bans Samsung
Electronics Co., Ltd. From Selling Two Tablet PCs In Germany-DJ Jan 31, 2012
Dow Jones reported
that the Duesseldorf higher regional court on Tuesday ruled Samsung Electronics
Co., Ltd. cannot distribute its Galaxy Tab 10.1 and smaller Galaxy Tab 8.9
tablet computers in Germany. Selling those devices would violate the law
against unfair competition, the court said in a statement, adding they would
imitate Apple Inc.'s iPad. The decision follows a ruling by a lower Duesseldorf
court last year that banned Samsung from distributing the Galaxy Tab 10.1 and
Tab 8.9 in Germany, and barred Samsung's German unit from selling the devices
in the whole of the European Union.
Samsung
Electronics Co., Ltd. Comments On FY 2012 Guidance-Conference Call Jan 27, 2012
Samsung
Electronics Co., Ltd. announced that for fiscal 2012, it target double-digit
sales growth year-on-year. The Company will strive to achieve solid earnings in
fiscal 2012 by further reinforcing differentiated competitiveness.
Samsung
Electronics Co., Ltd. Declares Annual Cash Dividend for FY 2011 Jan 26, 2012
Samsung
Electronics Co., Ltd. announced that its Board of Directors has declared an
annual cash dividend of KRW 5,000 per share of common stock and KRW 5,050 per
share of preferred stock for the fiscal year 2011 to shareholders of record on
December 31, 2011. The dividend rates of market prices are 0.47% (common
shares) and 0.77% (preferred shares), respectively. The total cash dividend
amount is KRW 752,194,971,700.
German Court
Grants Victory To Apple Inc. In Patent Suit With Samsung Electronics Co.,
Ltd.-DJ Jan 20, 2012
Dow Jones reported
that in the latest setback for Samsung Electronics Co., Ltd. in its legal
battle against Apple Inc. over intellectual property rights, a German court had
ruled that Apple hadn't violated one of its technical patents. The ruling comes
after Samsung filed claims with the Mannheim Regional Court in Germany in April
last year, alleging Apple infringed some of its telecommunications standard
technology patents. The two technology companies are engaged in a legal dispute
over more than 30 patent cases in 10 different countries, and the latest German
court's decision is significant as it is the first ruling in a series of
judgements expected from the German court. Samsung said it will review the
details of the ruling before deciding whether it will appeal to a higher court
in Germany. The Mannheim court is also due to rule on additional Samsung
patents relating to telecommunications standards in the coming days and weeks.
Eastman Kodak
Company Alleges Patent Infringement Against Samsung Electronics Co., Ltd. Jan
18, 2012
Eastman Kodak
Company announced that it has filed a lawsuit against Samsung Electronics Co.
Ltd., alleging infringement of certain patents related to Kodak digital imaging
technology. The complaint, filed in U.S. District Court for the Western
District of New York, alleges that certain Samsung tablets infringe patented
Kodak digital imaging technology. Kodak has licensed its digital imaging
patents to more than 30 technology companies, including LG, Motorola, and
Nokia, with all of the licenses royalty-bearing to Kodak. The complaint against
Samsung alleges infringement of five patents: U.S. Patent No. 6,292,218 -
Electronic Camera For Initiating Capture of Still Images While Previewing
Motion Images; U.S. Patent No. 7,210,161 - Automatically Transmitting Images
from an Electronic Camera to a Service Provider Using a Network Configuration
File; U.S. Patent No. 7,742,084 - Network Configuration File for Automatically
Transmitting Images from an Electronic Still Camera; U.S. Patent No. 7,453,605
- Capturing Digital Images to be Transferred to an E-Mail Address; and U.S.
Patent No. 7,936,391 - Digital Camera with Communications Interface for
Selectively Transmitting Images over a Cellular Phone Network and a Wireless
LAN Network to a Destination.
Technicolor SA
Announces Strategic Relationships with Intel Corporation, Samsung Electronics
Co., Ltd. and VIZIO Jan 11, 2012
Technicolor SA
announced that it has agreed announces strategic relationships around M-GO with
Corporation, Samsung Electronics Co., Ltd. and VIZIO. M-GO is a free app that
combine all media, including movies, music, apps, live TV, in one location.
Specifically, the agreement includes the following: M-GO will be available on
Intel Ultrabooks devices through Intel AppUpSM center; M-GO will be available
on Samsung's 2012 Smart TVs as well as its Galaxy tablets and Blu-Ray Disc
players; and M-GO will come pre-loaded on VIZIO's televisions, tablets, Blu-Ray
players and stream players that are part of the VIZIO Internet Apps Plus
ecosystem.
Rovi Corporation
And Samsung Electronics Co., Ltd. Expand Smart TV Advertising Collaboration Jan
09, 2012
Rovi Corporation
and Samsung Electronics Co., Ltd., announced the companies are expanding their
efforts to drive interactive living room advertising. Building upon
collaboration that has been delivering campaigns for high-profile brands for
almost a year, the companies plan to introduce a range of new options for
marketers looking to reach connected device users. Samsung is expected to take
advantage of a wide range of new advertising capabilities Rovi has been
introducing (and plans to continue to introduce over the coming year) including
new Request For Information (RFI) capabilities that support click to call,
email, and quick response (QR) codes within advertisements, social networking
options, as well as additional TV commerce capabilities.
Samsung
Electronics Co., Ltd. Issues Q4 2011 Guidance; EBIT Guidance Above Analysts'
Estimates-Conference Call Jan 06, 2012
Samsung
Electronics Co., Ltd. announced that for the fourth quarter of 2011, it expects
sale in the range of KRW46-KRW48 trillion and operating profit in the range of
KRW5.0-KRW5.4 trillion. According to I/B/E/S Estimates, analysts were expecting
the Company to report revenue of KRW46.5 trillion and EBIT of KRW4.7 for the
fourth quarter of 2011.
Samsung
Electronics Co., Ltd. And Other LCD Makers Settle Price Fixing Case For $553
Million-Reuters Dec 27, 2011
Reuters reported
that Samsung Electronics Co., Ltd., Sharp Corp and five other makers of liquid
crystal displays agreed to pay more than $553 million to settle consumer and
state regulatory claims that they conspired to fix prices for LCD panels in
televisions, notebook computers and monitors. The settlement is the latest
arising from lawsuits alleging the creation of an international cartel designed
to illegally inflate prices and stifle competition in LCD panels between 1999
and 2006, affecting billions of dollars of U.S. commerce. In December 2006,
authorities in Japan, Korea, the European Union and the United States revealed
a probe into alleged anti competitive activity among LCD panel manufacturers.
Many companies and executives have since pleaded guilty to criminal antitrust
violations and paid more than $890 million in fines. The latest payout includes
$538.6 million to resolve claims by indirect purchasers that bought televisions
and computers with thin film transistor LCDs, as well as claims by eight
states: Arkansas, California, Florida, Michigan, Missouri, New York, West
Virginia and Wisconsin. It also includes payments of more than $14.7 million by
five of the companies to settle civil fine and penalty law claims by the
states, the office of New York Attorney General Eric Schneiderman said.
Sony Corporation
Forms New Business Alliance with Samsung Electronics Co., Ltd. Dec 26, 2011
Sony Corporation
announced that it has signed an agreement with Samsung Electronics Co., Ltd.,
to form a new business alliance in liquid crystal panel business. Under the
agreement, Samsung Electronics will fully acquire the joint venture S-LCD,
which is established by the two companies, for KRW 1,080 billion in total. The joint
venture is engaged in the manufacture of liquid crystal display panel. In
addition, the two companies have also signed a strategic agreement, under which
Samsung Electronics will provide liquid crystal panel to Sony Corporation.
Samsung
Electronics Co., Ltd. to Merge with SAMSUNG LED CO.,LTD. Dec 26, 2011
Samsung
Electronics Co., Ltd. announced that it has signed a statutory merger agreement
with SAMSUNG LED CO.,LTD., which is mainly engaged in the manufacturing of
electric parts, computer, video and communication apparatus, to improve
shareholders' value. The merger ratio of Samsung Electronics Co., Ltd. and
SAMSUNG LED CO.,LTD. is 1 : 0.0134934 and 269,867 common shares will be issued
with the merger. The merger effective date is April 1, 2012. After the merger,
Samsung Electronics Co., Ltd. will survive and SAMSUNG LED CO.,LTD. will be
dissolved.
Samsung
Electronics Co., Ltd. Seeks To Build Advanced Chip Manufacturing Plant In
China-DJ Dec 06, 2011
Dow Jones reported
that Samsung Electronics Co., Ltd. is seeking government approval to set up a
new flash memory manufacturing plant in China, its first manufacturing base for
semiconductors there, to meet demand for smartphones and tablet computers. The
new plant will make so-called NAND flash memory chips, which are used to store
data in electronic devices even when power is switched off.
Samsung
Electronics Co., Ltd., LG Electronics Inc. To Sell Organic EL-Panel TVs By H2
2012-DJ Dec 06, 2011
Dow Jones reported
that Samsung Electronics Co., Ltd. and LG Electronics Inc. will introduce TVs
with organic electroluminescence (EL) panels by the second half of 2012, the
Nikkei reported.
Samsung
Electronics Co., Ltd. Scores Patent Win Against Apple Inc.-Reuters Nov 30, 2011
Reuters reported
that Samsung Electronics Co., Ltd. is set to resume selling its Galaxy tablet
computer in Australia as early as Friday, after the firm won a rare legal
victory in a long-running global patent war with Apple Inc. An Australian
federal court unanimously decided to lift a preliminary injunction, imposed by
a lower court, on sales of Samsung's Galaxy Tab 10.1, but granted Apple a stay
on lifting the sales ban until Friday afternoon.
Samsung
Electronics Co., Ltd. Attorney Says Judge Wrong In Australian Apple Inc.
Case-DJ Nov 25, 2011
Dow Jones reported
that an attorney for Samsung Electronics Co., Ltd. on Friday said a judge made
a series of errors and misunderstood key elements of the case in her decision
last month to temporarily ban the sale of the company's tablet computer in
Australia on the grounds that it copied Apple Inc.s' iPad. The legal skirmish
is part of a wider global battle between the two companies that began in April,
when Apple sued Samsung in California. The companies have since filed suits
against each other in many countries. Samsung has already been prevented from
selling certain products in Germany. Apple claims that Samsung's Galaxy Tab
10.1 breached 13 of its patents. All of these claims will be tested in
Australia in a final court hearing, but the temporary sales injunction ruling
delivered in October by Justice Annabelle Bennett focused on just two, both
related to touch-screen technology. Samsung has since launched an appeal to the
temporary injunction before the full bench of Australia's Federal Court.
Samsung
Electronics Co., Ltd. Acquires Nexus Division Of ITC Nov 15, 2011
Samsung
Electronics Co., Ltd. announced that it has acquired the Nexus division of ITC
Nexus Holding Company (ITC), a provider of cardiac point-of-care testing
solutions. Nexus develops, manufactures and markets the Cardiac STATus,
DECISION Point and VYENT line of rapid test kits that aid in the diagnosis and
monitoring of several cardiovascular diseases. Nexus will continue to operate
from its San Diego, California headquarters and become part of Samsung's HME
division which focuses on developing and bringing to market innovative
technological solutions for the healthcare industry. ITC Nexus Holding Company
will continue business under the name ITC. The acquisition is expected to be
completed during the fourth quarter of 2011. Terms of the transaction were not
disclosed.
Imagination
Technologies Group plc Announces Licensing High-Performance Multiprocessor
Graphics Core To Samsung Electronics Nov 10, 2011
Imagination Technologies
Group plc announced that it has signed a license agreement with Samsung
Electronics Co., Ltd. (Samsung) for IP from Imagination's PowerVR SGX MP
multiprocessor graphics family. Samsung will deploy Imagination's technologies
in multiple SoCs targeting mobile and consumer markets. Under the terms of
licensing arrangements, Imagination receives license fees and royalty revenues
on SoCs incorporating Imagination's IP.
Samsung
Electronics Co., Ltd. to Sell Shares of IMARKETKOREA CO.,LTD Oct 28, 2011
Samsung
Electronics Co., Ltd. announced that it will sell 3,152,680 shares of
IMARKETKOREA CO.,LTD, for KRW 75,979,588,000, on October 31, 2011. After the
transaction, Samsung Electronics Co., Ltd. will hold 323,660 shares, or 1.80%
of IMARKETKOREA CO.,LTD.
EU OKs Seagate
Technology PLC To Buy Samsung Electronics Co., Ltd.'s Hard Disk Drive
Business-DJ Oct 19, 2011
Dow Jones reported
that the European Commission cleared Seagate Technology PLC to buy Samsung
Electronics Co., Ltd.'s hard disk drive business, after an in-depth
investigation of the combination.
Samsung
Electronics Co., Ltd. Seeks Sales Ban On Apple Inc.'s iPhone 4S In Japan,
Australia-DJ Oct 17, 2011
Dow Jones reported
that Samsung Electronics Co., Ltd. is seeking to stop the sale of Apple Inc.'s
new iPhone 4S in Japan and Australia, further ramping up a legal clash with the
U.S. company after a series of setbacks in courts around the world in recent
days. The Company has filed on Monday for preliminary injunctions in the Tokyo
District Court and in the New South Wales Registry, Australia, to stop the sale
of iPhone 4S smartphones in the two countries. Samsung also asked the Japanese
court to stop the sale of Apple's iPhone 4 and iPad 2 devices. The fresh legal
action underscores how critical the smartphone business has become to Samsung,
and how much of a threat Samsung is to Apple. Later this month Samsung is
expected to confirm that its mobile business accounted for more than 50% of
operating profit for the first time ever during the third quarter as it
overtook Apple in smartphone sales.
Yandex NV Partners
With Samsung Electronics Co., Ltd. Oct 17, 2011
Yandex NV and
Samsung have announced a strategic partnership in the CIS countries. Samsung
Smart TV in these countries now features Yandex's TV widget with access to
Yandex's online services. Samsung's Smart TV for users in the CIS now has
Yandex as the default search engine with the portal's front page set up as the
default homepage. Additionally, Yandex's services will also be available on
bada 2.0 powered smartphones in the near future.
Samsung
Electronics Co., Ltd. Loses Dutch Bid To Ban Apple Inc. Products-The Economic
Times Oct 14, 2011
The Economic Times
reported that Dutch court on October 14, 2011 turned down Samsung Electronics
Co., Ltd.'s request for an injunction against all of Apple Inc.'s mobile
products that use 3G telecommunications technology, including iPhones and
iPads. A court in The Hague dismissed Samsung's claims of patent infringement
by Apple and also rejected Apple's counterclaims in the case. Earlier this
month, Samsung was forced to upgrade three of its smartphones to get around
temporary sales bans on earlier versions of products that a Dutch court said
violated an Apple patent.
Apple Inc. Wins
Block On Samsung Electronics Co., Ltd. Tablet In Australia-DJ Oct 13, 2011
Dow Jones reported
that Apple Inc. has won a victory in its global patent battle with Samsung
Electronics Co., Ltd. when a judge in Australia upheld a temporary injunction
blocking Samsung Electronics from selling its Galaxy Tab 10.1 tablet computer
in the Pacific nation. Justice Annabelle Bennett ruled that the Samsung product
couldn't be sold in Australia if it used features such as touch-screen
technology that Apple claims infringe patents used in iPad tablet.
Samsung
Electronics Co., Ltd. Issues Q3 2011 Guidance; Revenue Guidance Above Analysts'
Estimates Oct 07, 2011
Samsung
Electronics Co., Ltd. announced that for the third quarter of 2011, it expects
sale in the range of KRW40-KRW42 trillion and operating profit in the range of
KRW4.0-KRW4.4 trillion. According to I/B/E/S Estimates, analysts were expecting
the Company to report revenue of KRW30 trillion for the third quarter of 2011.
Samsung
Electronics Co., Ltd. To File For Multiple Injunctions Against Apple Inc's
iPhone 4S-NYT Oct 05, 2011
The New York Times
reported Samsung Electronics Co., Ltd. revealed on October 05, 2011 that it
would try to stop the release of Apple's new iPhone 4S in France and Italy with
filings seeking injunctions on the new smartphone. Samsung's complaints (via
WSJ) will center on two instances of alleged patent infringement related to
WCDMA standards for 3G connectivity. The patents in question are considered
essential, which means that Samsung has an obligation to license them to any
competitor on fair, reasonable and nondiscriminatory (FRAND) terms in the EU.
Samsung has previously attempted to block the sale of Apple products on similar
grounds in the Netherlands. In that case Apple argued that it had been
attempting to comply with the FRAND licensing requirement but was still in the
process of negotiations with Samsung based on price. A preliminary decision on
the validity of Samsung's complaint is expected next week.
Apple Inc. Rejects
Samsung Offer To End Australia Tablet Row-Reuters Oct 02, 2011
Reuters reported
that Apple Inc. has rejected an offer from Samsung Electronics Co., Ltd. to
help settle their tablet computer row in Australia, hoping for an important
court victory there in its global campaign of patent litigation. Apple claims
Samsung's Galaxy line of mobile phones and tablets slavishly copied its iPhone
and iPad and has launched an international legal battle which is expected to
hurt growth at one of the South Korean firm's businesses.
Apple Inc.'s
Ex-CEO Jobs Tried To Defuse Samsung Electronics Co., Ltd. Patents Row-DJ Sep
29, 2011
Dow Jones reported
that Apple Inc.'s legal battle with Samsung Electronics Co., Ltd. over claims
it copied its smartphones and tablet computers took a surprise twist on
Thursday when an Australian court heard Apple founder Steve Jobs had personally
sought to head off a confrontation last year. Giving evidence in a federal
court hearing to consider a possible injunction preventing Samsung from selling
a rival tablet in Australia, senior Apple executive Richard Lutton said Jobs
made the move because of the close supplier relationship between the companies.
The case was adjourned to Friday and Justice Annabelle Bennett said she hoped
to decide next week whether to block temporarily the launch of Samsung's Galaxy
Tab 10.1. The South Korean company had planned to put its device on sale in
Australia Friday but said it would wait until a judgment is made.
Samsung
Electronics Co., Ltd. Joins Forces With Intel Corporation And Microsoft
Corp.-Reuters Sep 28, 2011
Reuters reported
that Samsung Electronics Co., Ltd. unveiled on Wednesday software pacts with
Intel Corporation and Microsoft Corp. as the Company strengthens its mobile
software push. Samsung has quickly become one of the largest smartphone makers
globally, helped by its strong offering of devices using Google's Android
platform. Under the deal, the LiMo Foundation and Linux Foundation are
effectively merging their LiMo and Meego mobile operating systems and hope to
gain wider industry and consumer support, but analysts said the new Tizen
platform is likely to struggle.
Microsoft Corp. And Samsung Electronics Co., Ltd. Broaden Smartphone
Partnership Sep 28, 2011
Microsoft Corp.
announced that it has signed a definitive agreement with Samsung Electronics
Co. Ltd. to cross-license the patent portfolios of both companies, providing
broad coverage for each company's products. Under the terms of the agreement,
Microsoft will receive royalties for Samsung's mobile phones and tablets
running the Android mobile platform. In addition, the companies agreed to
cooperate in the development and marketing of Windows Phone.
Samsung
Electronics Co., Ltd., Apple Inc. Tablet War Judgement Imminent In Australia-DJ
Sep 28, 2011
Dow Jones reported
that an important milestone looms in the global tablet war raging between Apple
Inc. and Samsung Electronics Co., Ltd. when an Australian court could decide
whether to ban the South Korean company from launching its device Down Under. A
positive ruling for Apple would follow a victory in Germany, where a court this
month barred Samsung from selling its Galaxy Tab 10.1 in Europe's biggest
economy on the grounds that it copied Apple's popular iPad. It would be a major
blow for Samsung: backing up the German decision ahead of an appeal hearing
there and preceding other patent infringement actions slated for the U.S.,
Japan, France and South Korea. In the Federal Court in Sydney, Apple is seeking
a temporary sales injunction ahead of a final hearing that could run for
months.
Network-1 Security
Solutions, Inc. Commences Patent Litigation Against 16 Data Networking
Companies Including Samsung Electronics Co., Ltd. Sep 19, 2011
Network-1 Security
Solutions, Inc. announced that it has initiated patent litigation against 16
data networking equipment manufacturers in the United States District Court for
the Eastern District of Texas , Tyler Division, for infringement of United
States Patent No. 6,218,930 (Remote Power Patent). Named as defendants in the
lawsuit, excluding related parties, are Alcatel-Lucent USA, Inc., Allied
Telesis, Inc., Avaya Inc., AXIS Communications Inc., Dell, Inc., GarrettCom,
Inc., Hewlett-Packard Company, Huawei Technologies USA, Juniper Networks, Inc.,
Motorola Solutions, Inc., NEC Corporation, Polycom, Inc., Samsung Electronics
Co., Ltd, ShoreTel, Inc., Sony Electronics, Inc., and Transition Networks, Inc.
Samsung
Electronics Co., Ltd. Files Counter Claim In Australia Against Apple
Inc.-Reuters Sep 19, 2011
Reuters reported
that Samsung Electronics Co., Ltd. has filed a counter claim in an Australian
court, accusing Apple Inc. of infringing its wireless patents related to the
U.S. firm's iPhone and iPad products. The move comes after Samsung last month
delayed the launch of its latest Galaxy tablet computer in Australia over a
global patent dispute with Apple. Samsung filed the claim with the Federal
Court of Australia, New South Wales Registery, on September 16, 2011, a media
statement released by Samsung Electronics Australia said. The claim says Apple
infringed seven Australian patents owned by Samsung related to wireless
communications standards by Apple's iPhone 3G, iPhone 3GS, iPhone 4 and iPad 2
products. It also says the patents that Apple relied on in its claims against
Samsung in relation to the Galaxy Tab 10.1 were invalid and should be revoked
by the court, according to the statement.
Samsung
Electronics Co., Ltd. Appeals Galaxy Tab 10.1 Ruling-DJ Sep 13, 2011
Dow Jones reported
that the Duesseldorf higher regional court said Samsung Electronics Co., Ltd.
has appealed a ruling from last week that bans the Samsung Electronics Co.,
Ltd. from selling its Galaxy Tab 10.1 tablet computer in Germany. Samsung
Electronics Co., Ltd. so far hasn't said what the appeal will be based on, the
court said in a statement. Samsung Electronics Co., Ltd. Friday said it would
appeal a ruling by the Duesseldorf regional court that bans Samsung from
distributing the product in Germany, while Samsung Electronics Co., Ltd.'s
German unit is barred from selling the device in the whole of the European
Union. The ban followed a dispute with Apple Inc., which claims that Samsung
had copied its products.
NTT DoCoMo, Inc.,
Others To Make Smartphone Chips With Samsung Electronics Co., Ltd.-Reuters Sep
13, 2011
Reuters reported
that NTT DoCoMo, Inc. and other Japanese firms will partner South Korea's
Samsung Electronics Co., Ltd. to develop key chips for next-generation
smartphones to reduce reliance on Qualcomm Inc, the Nikkei business daily
reported. The companies including FUJITSU LIMITED, NEC Corporation and
Panasonic Corporation's unit Panasonic Mobile Communications Co, are in talks
to form a joint venture next year to develop chips that control wireless
communications and signals. Qualcomm has about 80 percent of the market for
such semiconductors, known as baseband chips, the Nikkei said. DoCoMo is to
take a majority stake in the joint venture, to be capitalised at about 30
billion yen ($389.6 million) and headquartered in Japan. The venture expects to
use the chips in the partners' own smartphones and to sell to other handset
manufacturers.
Apple Inc. Wins German Court Ruling On Samsung Electronics Co., Ltd. Tablets-Reuters Sep 09, 2011
Reuters reported
that a German court upheld an injunction sought by Apple Inc. barring Samsung
Electronics Co., Ltd. from selling its Galaxy 10.1 tablets in Germany, marking
a victory for the U.S. company in its battle across the globe with its South
Korean rival. However retailers such as German consumer electronics chain Media
Market will still be able to sell the device, if they are getting rid of
existing stock or obtaining new supplies from the South Korean group's parent
Samsung International. Giving the ruling, Judge Johanna Brueckner-Hoffmann said
in court in Duesseldorf the overall impression of the tablet was too similar to
the design of Apple's iPad.
Apple Inc. Files Patent Lawsuit Against Samsung Electronics Co., Ltd.'s Local Units-DJ Sep 08, 2011
Dow Jones reported that has filed a patent lawsuit in Japan against Samsung Electronics Co., Ltd.'s local units and the matter has already gone to court, the Tokyo District Court said. The lawsuit is tied to patents for the iPhone and iPad, and Apple is seeking JPY100 million in damages from the South Korean electronics giant's units. The lawsuit in Japan follows other patent lawsuits Apple and Samsung have filed against each other in the U.S. and Europe. The first hearing for the case in Japan took place Wednesday, according to the Tokyo court.
Rovi Corporation And Samsung Electronics Co., Ltd. Expand Relationship With New Multi-Year DivX Licensing Agreement Sep 06, 2011
Rovi Corporation and Samsung Electronics Co., Ltd. announced that the companies have signed a multi-year licensing agreement enabling Samsung to continue to integrate DivX technology on its comprehensive range of consumer electronic devices. The DivX technology will continue to feature prominently on Samsung's range of popular mobile devices including the greatly anticipated Galaxy S II LTE and Galaxy Note smartphone.
Samsung Electronics Co., Ltd. Delays Tablet Launch In Australia On Apple Suit-Reuters Aug 29, 2011
Reuters reported that Samsung Electronics Co., Ltd. would delay the launch of its Galaxy tablet computer in Australia until after a court ruling in late September on its ongoing global patent dispute with Apple. Samsung and Apple have been locked in acrimonious battle over smartphones and tablets patents since April as Apple seeks to rein in the growth of Google's Android phones by taking directly aim at the biggest Android vendor.
German Court To Decide On Samsung Electronics Co., Ltd.'s Galaxy Ban September 9-DJ Aug 25, 2011
Dow Jones reported that the Duesseldorf regional court said it will decide September 9 whether the ban on Samsung Electronics Co., Ltd.'s Galaxy Tab 10.1 tablet computer will be upheld or not. The court issued a preliminary injunction earlier this month at the request of Apple Inc., barring Samsung from distributing the Galaxy Tab 10.1 touch-screen tablet throughout the European Union, except the Netherlands. Samsung appealed the German decision, and the court held a hearing Thursday to consider Samsung's objections. Still, the restriction was already relaxed a few days ago. While the sales ban remains, it isn't being enforced outside Germany as the court last week identified legal uncertainties regarding such an implementation. The uncertainties don't apply to Samsung's German unit, however, and it is still barred from selling the device in the European Union.
German Court Upholds Apple Inc. Injunction On Samsung Electronics Co., Ltd.-Reuters Aug 25, 2011
Reuters reported that A German court upheld an injunction sought by Apple Inc. banning the sale of Samsung Electronics Co., Ltd.'s new Galaxy Tab tablet computers in Germany because they were too similar to Apple's iPad. The Duesseldorf court had previously imposed an injunction covering the whole of the European Union but later limited it to Germany, saying it was not clear that its jurisdiction extended to the whole bloc in this case.
Samsung Electronics Co., Ltd. Reiterates Not Interested In Hewlett-Packard Company's PC Business-Reuters Aug 25, 2011
Reuters reported that Samsung Electronics Co., Ltd. has reiterated on Thursday that it is not interested in buying Hewlett-Packard Company's PC business as market speculation failed to dissipate.
Samsung Electronics Co., Ltd. Not To Take Over Hewlett-Packard Company's PC Business-DJ Aug 24, 2011
Dow Jones reported that Samsung Electronics Co., Ltd. has no intention to take over Hewlett-Packard Company's personal computer business, contrary to market speculation after the company said last week it plans to sell or spin off its PC business. Last week, Hewlett-Packard unveiled plans to sell or spin off its PC business, suggesting that computers are no longer the company's growth drivers and the U.S.-based firm is shifting its focus toward software and mobile devices.
Siemens AG's Osram unit Files Complaint Against LG Electronics Inc., LG Innotek Co., Ltd. And Samsung Electronics Co., Ltd.-DJ Aug 22, 2011
Dow Jones reported that Siemens AG's Osram unit and an affiliate filed a complaint Monday with the Korea trade commission against LG Electronics Inc.'s component-making unit, LG Innotek Co., Ltd. and Samsung Electronics Co., Ltd., alleging that both companies infringe its patents for LED technology used in TVs and computer monitors. The complaint follows actions filed by LG Electronics and Samsung in Korea in July this year that seek to ban the import to that country of products made by Osram and two of its affiliates. Osram is seeking to ban exports of certain LG LED products from Korea that are manufactured allegedly using Osram's patented core technology. It is also claiming damages.
Samsung Electronics Co., Ltd.'s Galaxy Tablet Ban Lifted In Most Of
Europe-Reuters Aug 16, 2011
Reuters reported
that Samsung Electronics Co., Ltd. can sell its latest iPad rival in most of
Europe again after a German court lifted most of an injuntion it had imposed at
Apple's request. The Duesseldorf regional court said it was questionable
whether its authority extended to international companies operating outside
Germany, so it restricted a preliminary ban imposed last week on Samsung
Electronics to Germany. Samsung's Galaxy Tab line of tablet computers is
considered the most credible alternative to Apple's iPad, which has taken the
market by storm, selling about 30 million since its launch a year and a half
ago.
Samsung
Electronics Co., Ltd. To Appeal Ban On Galaxy Tablet Sales-WSJ Aug 15, 2011
The Wall Street
Journal reported that Samsung Electronics Co., Ltd. will go to court later on
August 25 to appeal a decision banning the South Korean technology giant from
selling its Galaxy tablet computer in most of the European Union, in what has
become a global battle among tech companies for intellectual-property rights.
The regional court of Dnsseldorf earlier this month issued a preliminary
injunction, made at the request of Apple Inc., barring Samsung from distributing
its Galaxy Tab 10.1 touch screen tablet across Europe, except the Netherlands.
The device, released earlier this summer, and which runs on Google Inc.'s
Android operating system, is widely considered to be the most promising
competitor to Apple's iPad, which has dominated the market since its release
last year. Apple claims Samsung copied its products.
Samsung
Electronics Co., Ltd. Appeals German Ban on Galaxy Tablet Sales-WSJ Aug 12,
2011
The Wall Street
Journal reported that Samsung Electronics Co., Ltd. will go to court on August
25 to appeal an earlier decision banning the Company from selling its Galaxy
tablet computer in most of the European Union, in what has become a global
battle amongst technology companies for intellectual property rights. The
regional court of Dnsseldorf earlier this month issued a preliminary
injunction, made at the request of Apple Inc., barring Samsung from
distributing its Galaxy Tab 10.1 touchscreen tablet throughout most of Europe,
except the Netherlands.
Apple Inc. Blocks
Samsung Electronics Co., Ltd. From Selling Galaxy Tablet In EU-Reuters Aug 10,
2011
Reuters reported
that Apple Inc. scored victory in its patent infringement battle against
Samsung Electronics Co., Ltd. after a German court barred Samsung Electronics
from temporarily selling its flagship Galaxy tablet in the European Union
except the Netherlands. The court order comes a week after Samsung was forced
to delay the Australian launch of its latest Galaxy tablet because of similar
lawsuits. Apple has said Samsung's Galaxy line of mobile phones and tablets
'slavishly' copied the iPhone and iPad. It has sued in the United States,
Australia and elsewhere. Samsung has countersued Apple.
Panasonic Corp,
Samsung Electronics Co., Ltd., Sony Corporation, And XPAND 3D Join Forces In
'Full HD 3D Glasses Initiative' Aug 08, 2011
Panasonic Corp,
Samsung Electronics Co., Ltd., Sony Corporation and X6D Limited (XPAND 3D)
announced their intent to collaborate on the development of a new technology
standard for consumer 3D active glasses, under the name, Full HD 3D Glasses
Initiative. With this new agreement, the companies intend to work together on
the development and licensing of radio frequency (RF) system 3D active glasses
technology, including RF system protocols between consumer 3D active glasses
and 3D displays such as televisions, personal computers, projectors and 3D
theaters with XPAND active shutter glasses. The standardization will also
include multiple types of infrared (IR) system protocols between 3D active
glasses and 3D displays, ranging from the protocols jointly developed by
Panasonic and XPAND 3D*, to the proprietary protocols of Samsung and Sony,
respectively. The license of today's newly announced Full HD 3D Glasses
Initiative is targeted to be released in September 2011, at which time the
development of new standardization-applied active 3D glasses will begin.
Universal glasses with the new IR/RF protocols will be made available in 2012,
and are targeted to be backward compatible with 2011 3D active TVs. Through
this initiative, the four companies aim to widely introduce universal active 3D
glasses to the market.
Samsung
Electronics Co., Ltd. Declares Interim Cash Dividend for FY 2011 Jul 28, 2011
Samsung
Electronics Co., Ltd. announced that it has declared an interim cash dividend
of KRW 500 per share of common stock and KRW 500 per share of preferred stock
for the fiscal year 2011, payable on August 26, 2011, to shareholders of record
on June 30, 2011. The dividend rates of market prices are 0.06% (common shares)
and 0.09% (preferred shares), respectively. The total cash dividend amount is
KRW 75,001,011,000. The Company's interim cash dividend for fiscal year 2010
were KRW 5,000 per share of common stock and KRW 5,000 per share of preferred
stock.
Sony Corporation
Denies Report It May Exit LCD JV With Samsung Electronics Co., Ltd.-Reuters Jul
27, 2011
Reuters reported
that Sony Corporation denied a media report it was considering pulling out of
its LCD joint venture with Samsung Electronics Co., Ltd. South Korean newspaper
Chosun Ilbo reported that Sony and Samsung were in talks to break up their
liquid-crystal display joint venture (JV) S-LCD, quoting an unidentified
industry source. Samsung also denied the report.
Apple Inc. Trade
Complaint With U.S. Authorities Against Samsung Electronics Co., Ltd.-DJ Jul
06, 2011
Dow Jones reported
that Apple Inc. has filed a trade complaint with U.S. authorities against
Samsung Electronics Co., Ltd., seeking to block imports of Samsung Electronics
Co., Ltd.'s Galaxy S mobile phone and Galaxy Tab computer, according to
Bloomberg News. The complaint with the U.S. International Trade Commission in
Washington was filed, just days after Apple Inc. asked a federal court to halt
sales of the Samsung devices. It counters patent-infringement claims Samsung
filed with the commission last week that seek to block imports of Apple's
iPhone and iPad. Apple claims Samsung is infringing seven patents related to
the technology and design of the devices.
Greenwich Beteiligungen
AG Reports on License and Patent Litigation between CCP Systems AG and IBM
Corporation/Samsung Electronics Co Ltd Jul 06, 2011
Greenwich
Beteiligungen AG announced that it has been informed by CCP Systems AG about a
license and patent litigation between CCP Systems AG and IBM
Corporation/Samsung Electronics Co Ltd on Pretrial Discovery, which started in
the court in the United States on July 1, 2011.
Samsung
Electronics Co., Ltd. Drops Lawsuit Against Apple Inc.-Reuters Jul 02, 2011
Reuters reported
that according to Bloomberg, Samsung Electronics Co., Ltd. has dropped a
lawsuit against Apple Inc. that claimed Apple copied many of Samsung's
innovations. Samsung dropped the suit on Thursday. The news service quoted Nam
Ki Yung, a spokesman for the Suwon, South Korea-based company as saying the
company wanted to "streamline" the legal proceedings.
Samsung
Electronics Co., Ltd. Creates Component Division-Reuters Jul 01, 2011
Reuters reported
that Samsung Electronics Co., Ltd. named the head of its chip business to lead
a newly created division encompassing the firm's semiconductor and flat screen
operations in a move widely seen as aimed at overhauling its struggling LCD
unit. The change marks a revival of the consolidated business structure for
Samsung's component business, which was introduced in January 2009 but
abolished in December that year to give more power to each component business
and ensure they ran like separate companies.
Samsung
Electronics Co., Ltd. Files Complaint Against Apple Inc. With US International
Trade Commission-DJ Jun 30, 2011
Dow Jones reported
that Samsung Electronics Co., Ltd. has filed a patent infringement lawsuit
against Apple Inc. in the U.S., the latest in a series of legal disputes
between the two companies. Samsung Electronics filed a complaint with the
United States International Trade Commission on June 28 over Apple Inc.'s
violation of five patents held by Samsung related to wireless communications
standards and mobile device user interface. Samsung is seeking to prohibit the
entry into the U.S. market of all Apple products, allegedly violating the
patents covered by Samsung.
AU Optronics Corp.
Suing Samsung Electronics Co., Ltd. And Its Customers On LCD Patent
Infringement-DJ Jun 28, 2011
Dow Jones reported
that AU Optronics Corp. has filed lawsuits with two federal courts in the U.S.
against Samsung Electronics Co., Ltd. and three of its customers, accusing them
of infringing 10 of the Taiwanese firm's liquid crystal display patents. AUO
has filed the lawsuits with federal courts in Delaware and the Northern
District of California after Samsung filed lawsuits at the two courts on June 1
against the Taiwanese firm and its customers over an alleged infringement of
five LCD display patents. The Taiwanese firm alleged in its lawsuit that
Samsung and customers AT&T Inc., Best Buy Co., Inc. and BrandsMart USA
infringed AUO's patents.
Apple Inc.'s Apple
Korea Sues Samsung Electronics CO., Ltd. In Seoul Over Smartphone-DJ Jun 24,
2011
Dow Jones reported
that Apple Inc. has filed a lawsuit with a Seoul court claiming Samsung
Electronics CO., Ltd. copied the look and feel of its iPhone smartphones. In
response, Samsung Electronics said Apple's latest legal action wouldn't affect
its stance over the patent lawsuit.
Towa Corporation
to Sell All Stake in SECRON Co., Ltd. to Samsung Electronics CO., Ltd. Jun 23,
2011
Towa Corporation
announced that it has decided to sell all the stake (a 22.5% stake) in SECRON
Co., Ltd. to Samsung Electronics CO., Ltd., for KRW 8,740,440,000, on July 6,
2011. SECRON Co., Ltd. was a joint venture established by Towa Corporation and
Samsung Electronics CO., Ltd. in November 1993. After the transition, Towa
Corporation will hold 0% stake in SECRON Co., Ltd.
Spansion Inc. And
Samsung Electronics Co., Ltd Announces Patent Litigation Settlement And
Cross-Licensing Agreement Jun 20, 2011
Spansion Inc. and
Samsung Electronics Co., Ltd announced that they have agreed to settle all
ongoing patent litigation and disputes, including their respective
investigations with the US International Trade Commission. Under the terms of
the agreement, Spansion and Samsung have agreed to a seven year cross license
of each other's patent portfolios. As part of the overall agreement, Samsung
will pay Spansion $150 million over five years with an initial payment of $25
million due in August 2011 and 20 quarterly payments of $6.25 million starting
in fiscal fourth quarter of 2011. In addition, Spansion has agreed to purchase
Samsung's bankruptcy claim for $30 million, which Samsung has elected to apply
against the first $30 million Samsung owes Spansion.
Apple Inc. And
Samsung Electronics Co., Ltd. In Talks On Patent Lawsuits-Reuters Jun 17, 2011
Reuters reported
that Apple Inc. and Samsung Electronics Co., Ltd. are in talks about patent
litigation between the two companies. Apple sued Samsung in April, claiming
Samsung's Galaxy line of smartphones and tablets infringe several patents and
trademarks. Samsung then countersued, asserting its own patents against Apple.
At a hearing on Friday in a San Jose, Calif. federal court, U.S. District Judge
Lucy Koh referenced the close business relationship between the two companies.
BrandsMart Sues
Samsung Electronics Co., Ltd., LG, AUO, Toshiba Among Others For Alleged Price
Fixing-DJ Jun 07, 2011
Dow Jones reported
that Electronics retailer BrandsMart USA Inc. has filed a lawsuit with the U.S.
federal court in Florida against a slew of Asian flat panel makers, including
Samsung Electronics Co., Ltd., LG Display Co. Ltd., AU Optronics Corp. and
Toshiba Corp., for allegedly fixing the prices of liquid crystal displays. The
listed companies have formed an 'international cartel' to eliminate competition
and fix the prices of LCD panels used in consumer electronics, ranging from
cell phones to televisions, from 1996 to 2006, according to a court filing in
the U.S. 'During the relevant period, the conspiracy affected billions of
dollars of commerce throughout the United States.' About 35 companies,
including units of some of the LCD makers, are named as defendants in the
lawsuit.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
Revenue |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
Total Revenue |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
101,223.9 |
88,790.5 |
74,111.5 |
81,560.4 |
76,283.0 |
|
Cost of Revenue, Total |
101,223.9 |
88,790.5 |
74,111.5 |
81,560.4 |
76,283.0 |
|
Gross Profit |
47,709.2 |
44,940.2 |
32,693.0 |
28,650.8 |
29,732.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
14,071.4 |
13,575.1 |
11,011.6 |
11,278.3 |
9,600.6 |
|
Labor & Related Expense |
3,340.0 |
3,052.2 |
2,140.5 |
2,450.7 |
2,411.9 |
|
Advertising Expense |
6,888.4 |
5,668.9 |
4,794.4 |
5,606.5 |
4,001.8 |
|
Total Selling/General/Administrative Expenses |
24,299.8 |
22,296.2 |
17,946.6 |
19,335.5 |
16,014.3 |
|
Research & Development |
9,008.0 |
7,869.5 |
5,787.2 |
3,480.8 |
3,709.9 |
|
Depreciation |
332.3 |
303.6 |
251.8 |
241.3 |
254.5 |
|
Amortization of Intangibles |
271.2 |
196.5 |
61.2 |
112.4 |
96.6 |
|
Depreciation/Amortization |
603.5 |
500.1 |
313.0 |
353.7 |
351.1 |
|
Investment Income -
Operating |
-227.5 |
-385.3 |
-57.3 |
- |
- |
|
Interest/Investment Income - Operating |
-227.5 |
-385.3 |
-57.3 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
-227.5 |
-385.3 |
-57.3 |
- |
- |
|
Impairment-Assets Held for Use |
256.6 |
- |
- |
- |
- |
|
Impairment-Assets Held for Sale |
- |
- |
- |
- |
1.6 |
|
Loss (Gain) on Sale of Assets - Operating |
-963.2 |
-161.1 |
51.4 |
- |
- |
|
Unusual Expense (Income) |
-706.6 |
-161.1 |
51.4 |
- |
1.6 |
|
Other Operating Expense |
849.2 |
492.7 |
512.8 |
- |
- |
|
Other, Net |
-784.4 |
-630.7 |
-420.3 |
- |
- |
|
Other Operating Expenses, Total |
64.9 |
-138.0 |
92.5 |
- |
- |
|
Total Operating Expense |
134,265.9 |
118,771.9 |
98,245.0 |
104,730.5 |
96,359.9 |
|
|
|
|
|
|
|
|
Operating Income |
14,667.2 |
14,958.8 |
8,559.5 |
5,480.7 |
9,655.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-581.4 |
-502.6 |
-419.4 |
-609.0 |
-316.6 |
|
Interest Expense, Net Non-Operating |
-581.4 |
-502.6 |
-419.4 |
-609.0 |
-316.6 |
|
Interest Income -
Non-Operating |
636.9 |
482.7 |
282.8 |
558.1 |
500.7 |
|
Investment Income -
Non-Operating |
765.2 |
1,777.3 |
1,128.7 |
75.2 |
486.0 |
|
Interest/Investment Income - Non-Operating |
1,402.2 |
2,260.0 |
1,411.5 |
633.3 |
986.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
820.7 |
1,757.5 |
992.1 |
24.3 |
670.1 |
|
Gain (Loss) on Sale of Assets |
- |
- |
- |
44.2 |
-280.7 |
|
Other Non-Operating Income (Expense) |
- |
- |
- |
427.6 |
322.0 |
|
Other, Net |
- |
- |
- |
427.6 |
322.0 |
|
Income Before Tax |
15,488.0 |
16,716.2 |
9,551.7 |
5,976.7 |
10,367.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
3,091.4 |
2,752.0 |
1,904.6 |
624.7 |
1,840.2 |
|
Income After Tax |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-338.4 |
-300.5 |
-148.0 |
-331.0 |
-540.7 |
|
Net Income Before Extraord Items |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
Net Income |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-1,594.2 |
-1,813.1 |
-1,005.8 |
-679.4 |
-1,242.6 |
|
Total Adjustments to Net Income |
-1,594.2 |
-1,813.1 |
-1,005.8 |
-679.4 |
-1,242.6 |
|
Income Available to Common Excl Extraord Items |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
130.2 |
129.3 |
127.7 |
126.8 |
126.6 |
|
Basic EPS Excl Extraord Items |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Basic/Primary EPS Incl Extraord Items |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
Diluted Weighted Average Shares |
130.2 |
129.7 |
128.3 |
128.0 |
128.1 |
|
Diluted EPS Excl Extraord Items |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
Diluted EPS Incl Extraord Items |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
Dividends per Share - Common Stock Primary Issue |
4.96 |
8.65 |
6.27 |
5.00 |
8.61 |
|
Gross Dividends - Common Stock |
647.2 |
1,121.7 |
803.5 |
634.8 |
1,088.4 |
|
Interest Expense, Supplemental |
581.4 |
502.6 |
419.4 |
609.0 |
316.6 |
|
Depreciation, Supplemental |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Total Special Items |
-706.6 |
-161.1 |
51.4 |
-44.2 |
285.5 |
|
Normalized Income Before Tax |
14,781.4 |
16,555.1 |
9,603.1 |
5,932.5 |
10,652.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-141.0 |
-26.5 |
10.2 |
-4.6 |
50.1 |
|
Inc Tax Ex Impact of Sp Items |
2,950.4 |
2,725.5 |
1,914.9 |
620.1 |
1,890.3 |
|
Normalized Income After Tax |
11,831.0 |
13,829.6 |
7,688.2 |
5,312.4 |
8,762.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
9,898.4 |
11,716.0 |
6,534.3 |
4,302.0 |
6,978.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
76.05 |
90.63 |
51.16 |
33.93 |
55.13 |
|
Diluted Normalized EPS |
76.05 |
90.35 |
50.92 |
33.62 |
54.49 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
- |
3.2 |
|
Amort of Intangibles, Supplemental |
593.7 |
472.7 |
287.1 |
217.8 |
208.0 |
|
Advertising Expense, Supplemental |
6,888.4 |
5,668.9 |
4,794.4 |
5,606.5 |
4,001.8 |
|
Research & Development Exp, Supplemental |
9,008.0 |
7,869.5 |
5,787.2 |
3,480.8 |
6,536.9 |
|
Normalized EBIT |
13,733.1 |
14,412.3 |
8,553.6 |
5,480.7 |
9,657.2 |
|
Normalized EBITDA |
26,001.5 |
24,266.2 |
17,279.6 |
14,653.5 |
18,802.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
12,753.3 |
8,627.6 |
8,716.3 |
6,998.2 |
6,230.4 |
|
Short Term Investments |
10,578.0 |
11,180.3 |
9,217.5 |
3,631.0 |
6,393.7 |
|
Cash and Short Term Investments |
23,331.3 |
19,807.9 |
17,933.8 |
10,629.2 |
12,624.2 |
|
Accounts Receivable -
Trade, Gross |
19,088.3 |
16,985.9 |
15,375.2 |
9,633.4 |
11,944.4 |
|
Provision for Doubtful
Accounts |
-186.3 |
-163.7 |
-110.8 |
-71.3 |
-59.3 |
|
Trade Accounts Receivable - Net |
18,902.0 |
16,822.2 |
15,264.3 |
9,562.1 |
12,151.3 |
|
Other Receivables |
2,064.2 |
1,953.7 |
1,736.3 |
6,212.4 |
7,167.8 |
|
Total Receivables, Net |
20,966.2 |
18,776.0 |
17,000.6 |
15,774.5 |
19,319.1 |
|
Inventories - Finished Goods |
7,082.2 |
5,802.2 |
4,078.7 |
3,490.6 |
4,234.1 |
|
Inventories - Work In Progress |
2,666.1 |
2,308.3 |
1,632.8 |
1,573.9 |
1,811.3 |
|
Inventories - Raw Materials |
3,894.6 |
3,665.4 |
2,738.0 |
2,120.1 |
2,136.2 |
|
Inventories - Other |
1,246.8 |
1,147.6 |
1,345.6 |
1,430.0 |
1,445.9 |
|
Total Inventory |
14,889.8 |
12,923.6 |
9,795.2 |
8,614.6 |
9,627.6 |
|
Prepaid Expenses |
2,022.1 |
1,939.1 |
1,254.2 |
1,533.5 |
1,380.6 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
1,695.1 |
1,643.0 |
|
Other Current Assets |
858.4 |
657.4 |
570.5 |
630.9 |
169.1 |
|
Other Current Assets, Total |
858.4 |
657.4 |
570.5 |
2,326.0 |
1,812.1 |
|
Total Current Assets |
62,067.8 |
54,104.0 |
46,554.3 |
38,877.8 |
44,763.6 |
|
|
|
|
|
|
|
|
Buildings |
16,035.5 |
13,266.1 |
11,967.9 |
7,672.7 |
11,150.8 |
|
Land/Improvements |
6,262.8 |
5,843.2 |
6,026.5 |
2,550.2 |
3,369.8 |
|
Machinery/Equipment |
83,869.9 |
71,774.2 |
61,732.7 |
25,917.1 |
64,183.7 |
|
Construction in
Progress |
6,061.2 |
7,263.9 |
2,933.7 |
3,997.5 |
3,583.6 |
|
Other
Property/Plant/Equipment |
4,065.8 |
3,654.8 |
3,088.2 |
1,426.4 |
- |
|
Property/Plant/Equipment - Gross |
116,295.2 |
101,802.2 |
85,749.1 |
41,563.9 |
82,287.9 |
|
Accumulated Depreciation |
-62,437.6 |
-55,133.3 |
-48,341.4 |
-7,824.6 |
-42,353.5 |
|
Property/Plant/Equipment - Net |
53,857.6 |
46,669.0 |
37,407.7 |
33,739.3 |
39,934.5 |
|
Goodwill, Net |
454.3 |
503.5 |
71.7 |
7.8 |
28.5 |
|
Intangibles, Net |
2,458.2 |
1,945.6 |
1,006.9 |
617.2 |
724.3 |
|
LT Investment - Affiliate Companies |
7,989.7 |
7,344.5 |
6,298.7 |
3,459.1 |
4,040.8 |
|
LT Investments - Other |
2,798.3 |
2,678.8 |
1,278.8 |
2,632.7 |
4,150.3 |
|
Long Term Investments |
10,788.0 |
10,023.3 |
7,577.5 |
6,091.8 |
8,191.1 |
|
Note Receivable - Long Term |
- |
- |
- |
2,941.4 |
4,456.8 |
|
Deferred Income Tax - Long Term Asset |
1,401.1 |
990.4 |
903.1 |
301.0 |
284.5 |
|
Other Long Term Assets |
4,069.6 |
4,090.8 |
2,813.9 |
1,025.5 |
1,371.2 |
|
Other Long Term Assets, Total |
5,470.7 |
5,081.2 |
3,717.0 |
1,326.5 |
1,655.7 |
|
Total Assets |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
8,920.8 |
8,061.2 |
7,072.0 |
4,435.8 |
6,450.4 |
|
Accrued Expenses |
6,791.4 |
6,258.2 |
5,105.6 |
6,277.8 |
7,241.0 |
|
Notes Payable/Short Term Debt |
8,380.0 |
7,427.7 |
6,681.1 |
7,166.6 |
9,030.6 |
|
Current Portion - Long Term Debt/Capital Leases |
26.3 |
990.3 |
201.2 |
1,797.0 |
2,122.9 |
|
Customer Advances |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Income Taxes Payable |
1,096.2 |
1,807.6 |
965.6 |
536.3 |
1,435.8 |
|
Other Payables |
7,146.5 |
6,080.8 |
4,557.8 |
4,060.6 |
4,125.5 |
|
Deferred Income Tax - Current Liability |
- |
- |
- |
2.0 |
5.0 |
|
Other Current Liabilities |
4,850.9 |
3,792.2 |
3,687.8 |
689.5 |
546.0 |
|
Other Current liabilities, Total |
14,352.9 |
12,459.2 |
10,313.3 |
5,893.2 |
6,986.7 |
|
Total Current Liabilities |
38,471.4 |
35,196.7 |
29,373.3 |
25,570.3 |
31,831.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
4,201.1 |
990.6 |
1,185.3 |
4,894.3 |
4,350.6 |
|
Capital Lease Obligations |
106.7 |
85.9 |
- |
- |
- |
|
Total Long Term Debt |
4,307.8 |
1,076.5 |
1,185.3 |
4,894.3 |
4,350.6 |
|
Total Debt |
12,714.1 |
9,494.6 |
8,067.7 |
13,857.9 |
15,504.1 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,025.6 |
1,456.2 |
1,073.4 |
1,180.0 |
1,565.7 |
|
Deferred Income Tax |
2,025.6 |
1,456.2 |
1,073.4 |
1,180.0 |
1,565.7 |
|
Minority Interest |
3,685.4 |
3,312.7 |
2,988.6 |
3,816.4 |
4,600.4 |
|
Pension Benefits - Underfunded |
363.3 |
526.8 |
645.2 |
675.0 |
790.5 |
|
Other Long Term Liabilities |
1,521.2 |
1,341.7 |
1,329.9 |
1,324.6 |
1,420.2 |
|
Other Liabilities, Total |
1,884.4 |
1,868.5 |
1,975.1 |
1,999.7 |
2,210.7 |
|
Total Liabilities |
50,374.6 |
42,910.6 |
36,595.7 |
37,460.7 |
44,559.0 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
103.7 |
105.3 |
102.6 |
94.8 |
127.6 |
|
Preferred Stock - Non Redeemable, Net |
103.7 |
105.3 |
102.6 |
94.8 |
127.6 |
|
Common Stock |
675.4 |
685.6 |
668.2 |
617.7 |
831.2 |
|
Common Stock |
675.4 |
685.6 |
668.2 |
617.7 |
831.2 |
|
Additional Paid-In Capital |
3,870.8 |
3,993.5 |
3,964.9 |
5,537.5 |
7,531.9 |
|
Retained Earnings (Accumulated Deficit) |
84,672.3 |
74,909.3 |
61,027.7 |
43,999.5 |
54,553.9 |
|
Treasury Stock - Common |
-6,544.8 |
-6,839.3 |
-7,217.7 |
-7,074.1 |
-9,783.1 |
|
Unrealized Gain (Loss) |
2,668.6 |
3,405.4 |
1,834.2 |
855.7 |
1,787.3 |
|
Translation Adjustment |
-724.1 |
-843.8 |
-640.4 |
2,167.7 |
216.5 |
|
Other Equity |
- |
- |
- |
-57.8 |
-69.9 |
|
Other Equity, Total |
-724.1 |
-843.8 |
-640.4 |
2,109.8 |
146.6 |
|
Total Equity |
84,722.0 |
75,415.9 |
59,739.4 |
46,141.1 |
55,195.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
Total Common Shares Outstanding |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
Treasury Shares - Common Stock Primary Issue |
16.9 |
17.5 |
19.0 |
20.3 |
20.9 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Total Preferred Stock Outstanding |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Treasury Shares - Preferred Primary Issue |
3.0 |
3.0 |
3.0 |
3.0 |
3.0 |
|
Employees |
101,970 |
95,659 |
85,085 |
84,462 |
84,721 |
|
Number of Common Shareholders |
149,564 |
144,522 |
117,325 |
156,539 |
133,301 |
|
Deferred Revenue - Current |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Deferred Revenue - Long Term |
- |
- |
- |
- |
180.5 |
|
Total Long Term Debt, Supplemental |
4,339.8 |
2,070.4 |
- |
6,698.6 |
6,447.1 |
|
Long Term Debt Maturing within 1 Year |
26.5 |
990.5 |
- |
1,797.6 |
2,088.1 |
|
Long Term Debt Maturing in Year 2 |
880.0 |
44.9 |
- |
2,666.8 |
1,877.4 |
|
Long Term Debt Maturing in Year 3 |
2,584.3 |
900.0 |
- |
1,964.6 |
1,831.6 |
|
Long Term Debt Maturing in Year 4 |
11.0 |
16.6 |
- |
55.5 |
432.6 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
- |
23.5 |
|
Long Term Debt Maturing in 2-3 Years |
3,464.3 |
944.9 |
- |
4,631.4 |
3,709.0 |
|
Long Term Debt Maturing in 4-5 Years |
11.0 |
16.6 |
- |
55.5 |
456.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
838.0 |
118.3 |
- |
214.1 |
194.0 |
|
Total Capital Leases, Supplemental |
118.8 |
94.4 |
- |
57.5 |
62.3 |
|
Capital Lease Payments Due in Year 1 |
12.1 |
8.5 |
- |
7.0 |
6.7 |
|
Capital Lease Payments Due in Year 2 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in Year 3 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in Year 4 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in Year 5 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in 2-3 Years |
21.5 |
17.8 |
- |
9.9 |
11.0 |
|
Capital Lease Payments Due in 4-5 Years |
21.5 |
17.8 |
- |
9.9 |
11.0 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
63.7 |
50.4 |
- |
30.6 |
33.6 |
|
Total Operating Leases, Supplemental |
- |
- |
- |
- |
370.8 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
- |
- |
89.6 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Payments Due in Year 3 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Payments Due in Year 4 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Payments Due in Year 5 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
- |
- |
103.0 |
|
Operating Lease Pymts. Due in 4-5 Years |
- |
- |
- |
- |
103.0 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
- |
- |
75.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
Depreciation |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Depreciation/Depletion |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Amortization of Intangibles |
593.7 |
472.7 |
287.1 |
217.8 |
211.4 |
|
Amortization |
593.7 |
472.7 |
287.1 |
217.8 |
211.4 |
|
Unusual Items |
225.1 |
1,105.3 |
410.9 |
695.2 |
474.6 |
|
Equity in Net Earnings (Loss) |
-1,262.9 |
-1,960.7 |
-1,342.3 |
-489.8 |
-104.8 |
|
Other Non-Cash Items |
3,640.6 |
7,878.6 |
5,495.7 |
1,521.4 |
1,080.9 |
|
Non-Cash Items |
2,602.7 |
7,023.3 |
4,564.2 |
1,726.8 |
1,450.6 |
|
Accounts Receivable |
-1,982.9 |
-1,674.0 |
-4,829.6 |
-42.4 |
-1,250.0 |
|
Inventories |
-3,671.0 |
-3,952.6 |
-998.3 |
-868.6 |
-1,784.8 |
|
Prepaid Expenses |
-24.8 |
-1,592.6 |
-1,251.6 |
-210.8 |
-224.8 |
|
Other Assets |
-480.0 |
-11.7 |
-162.4 |
-1,193.5 |
-1,394.0 |
|
Accounts Payable |
1,015.9 |
2,088.7 |
3,668.1 |
-850.9 |
416.4 |
|
Accrued Expenses |
459.1 |
1,021.8 |
308.1 |
182.1 |
1,447.3 |
|
Taxes Payable |
- |
- |
- |
-682.9 |
46.9 |
|
Other Liabilities |
1,418.1 |
-5,474.7 |
-1,904.5 |
-856.3 |
-425.8 |
|
Other Assets & Liabilities, Net |
-396.8 |
- |
- |
411.1 |
-35.7 |
|
Other Operating Cash Flow |
-2,919.4 |
-640.0 |
-1,255.4 |
- |
0.0 |
|
Changes in Working Capital |
-6,581.7 |
-10,235.0 |
-6,425.6 |
-4,112.3 |
-3,204.5 |
|
Cash from Operating Activities |
20,686.1 |
20,606.4 |
14,511.7 |
12,139.3 |
15,918.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-19,826.6 |
-18,697.2 |
-6,324.2 |
-12,800.9 |
-13,185.3 |
|
Purchase/Acquisition of Intangibles |
-599.0 |
-1,089.6 |
-430.9 |
-194.7 |
-211.3 |
|
Capital Expenditures |
-20,425.6 |
-19,786.8 |
-6,755.2 |
-12,995.6 |
-13,396.6 |
|
Sale of Business |
835.3 |
- |
- |
- |
- |
|
Sale of Fixed Assets |
342.9 |
1,062.0 |
79.1 |
268.3 |
529.2 |
|
Sale/Maturity of Investment |
651.6 |
248.3 |
37.6 |
4,778.0 |
3,599.2 |
|
Purchase of Investments |
-206.8 |
-2,097.6 |
-5,064.0 |
-3,264.3 |
-3,913.5 |
|
Sale of Intangible Assets |
8.8 |
14.4 |
44.5 |
- |
- |
|
Other Investing Cash Flow |
-262.7 |
-183.4 |
550.7 |
-715.2 |
264.9 |
|
Other Investing Cash Flow Items, Total |
1,369.1 |
-956.3 |
-4,352.2 |
1,066.7 |
479.8 |
|
Cash from Investing Activities |
-19,056.5 |
-20,743.1 |
-11,107.4 |
-11,928.8 |
-12,916.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
46.2 |
-146.0 |
12.2 |
1,024.8 |
1,056.2 |
|
Financing Cash Flow Items |
46.2 |
-146.0 |
12.2 |
1,024.8 |
1,056.2 |
|
Total Cash Dividends Paid |
-789.4 |
-1,658.5 |
-645.3 |
-1,195.3 |
-881.5 |
|
Sale/Issuance of
Common |
145.2 |
159.4 |
259.1 |
- |
- |
|
Repurchase/Retirement
of Common |
- |
- |
- |
- |
-1,964.5 |
|
Common Stock, Net |
145.2 |
159.4 |
259.1 |
- |
-1,964.5 |
|
Options Exercised |
- |
- |
- |
150.8 |
126.3 |
|
Issuance (Retirement) of Stock, Net |
145.2 |
159.4 |
259.1 |
150.8 |
-1,838.2 |
|
Short Term Debt Issued |
- |
- |
- |
607.3 |
859.0 |
|
Short Term Debt
Reduction |
882.1 |
750.8 |
-417.8 |
-1,659.9 |
-2,978.2 |
|
Short Term Debt, Net |
882.1 |
750.8 |
-417.8 |
-1,052.6 |
-2,119.2 |
|
Long Term Debt Issued |
3,543.1 |
983.9 |
244.0 |
3,949.3 |
2,720.3 |
|
Long Term Debt
Reduction |
-1,033.6 |
-263.0 |
-313.8 |
-377.3 |
-206.2 |
|
Long Term Debt, Net |
2,509.5 |
720.9 |
-69.8 |
3,571.9 |
2,514.1 |
|
Issuance (Retirement) of Debt, Net |
3,391.6 |
1,471.7 |
-487.6 |
2,519.3 |
394.9 |
|
Cash from Financing Activities |
2,793.6 |
-173.3 |
-861.5 |
2,499.6 |
-1,268.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
4,423.1 |
-310.1 |
2,542.8 |
2,710.1 |
1,732.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,837.9 |
8,778.1 |
5,409.3 |
5,299.1 |
4,543.8 |
|
Net Cash - Ending Balance |
13,261.0 |
8,468.0 |
7,952.1 |
8,009.2 |
6,276.5 |
|
Cash Interest Paid |
579.0 |
503.6 |
427.8 |
- |
- |
|
Cash Taxes Paid |
3,590.1 |
1,846.7 |
1,547.0 |
- |
- |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Total Revenues |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
Total Revenue |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
101,223.9 |
88,790.5 |
74,111.5 |
81,560.4 |
76,283.0 |
|
Research & Develop. |
9,008.0 |
7,869.5 |
5,787.2 |
1,047.7 |
1,176.6 |
|
Salaries & Wages |
3,205.7 |
2,917.4 |
2,051.3 |
2,319.1 |
2,244.2 |
|
Retirement Allowance |
134.3 |
134.8 |
89.3 |
131.6 |
166.9 |
|
Commissions Paid |
5,358.6 |
5,854.4 |
4,803.0 |
3,585.7 |
3,488.4 |
|
Depreciation Expense |
332.3 |
303.6 |
251.8 |
241.3 |
254.5 |
|
Amort of Intangibles |
271.2 |
196.5 |
61.2 |
112.4 |
96.6 |
|
Advertising Expenses |
2,691.8 |
2,839.1 |
2,117.6 |
2,417.6 |
1,837.2 |
|
Sales Promotional Expenses |
4,196.5 |
2,829.8 |
2,676.8 |
- |
- |
|
Marketing Expenses |
- |
- |
- |
3,188.9 |
2,164.6 |
|
Shipping/Handling |
3,420.4 |
3,553.5 |
2,611.6 |
2,245.4 |
1,941.4 |
|
After Service Expenses |
2,532.5 |
2,122.8 |
1,913.0 |
- |
- |
|
Public Relations Expense |
472.2 |
427.7 |
369.0 |
- |
- |
|
Other Selling and Administrative Expense |
2,135.8 |
1,516.4 |
1,358.6 |
- |
- |
|
Amort. of Bad Debts |
- |
- |
- |
483.1 |
183.4 |
|
IR Expenses |
- |
- |
- |
568.3 |
409.1 |
|
Research Expense |
- |
- |
- |
2,433.1 |
2,533.2 |
|
Misc Selling & Admin |
- |
- |
- |
2,568.2 |
2,210.5 |
|
Warranty Expenses |
- |
- |
- |
1,827.7 |
1,367.8 |
|
Stock Compensation |
- |
- |
- |
- |
0.8 |
|
L-Secs. for Sale Reduction |
- |
- |
- |
- |
1.6 |
|
Dividend Income |
-31.1 |
-28.4 |
-22.0 |
- |
- |
|
Commission Income |
-23.8 |
-18.7 |
-63.1 |
- |
- |
|
Rental Income |
-83.2 |
-83.5 |
-72.7 |
- |
- |
|
Gain-Sale of Investment Assets |
-201.8 |
-356.9 |
-35.3 |
- |
- |
|
Gain-Sale of Property, Plant and Equ |
-102.6 |
-244.7 |
-42.7 |
- |
- |
|
Gain-Transfer of Business |
-959.3 |
-155.2 |
0.0 |
- |
- |
|
Other Non-Operating Revenues |
-784.4 |
-630.7 |
-420.3 |
- |
- |
|
Other Allowance for Doubtful Accounts |
13.0 |
13.2 |
5.3 |
- |
- |
|
Loss on Disposal of Investment Assets |
5.4 |
- |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
88.0 |
- |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
168.6 |
- |
- |
- |
- |
|
Losses on Sale of Property, Plant and Eq |
98.7 |
238.8 |
94.1 |
- |
- |
|
Donations |
245.8 |
189.3 |
86.8 |
- |
- |
|
Others in Other Operating Expense |
849.2 |
492.7 |
512.8 |
- |
- |
|
Total Operating Expense |
134,265.9 |
118,771.9 |
98,245.0 |
104,730.5 |
96,359.9 |
|
|
|
|
|
|
|
|
Interest Income |
636.9 |
482.7 |
282.8 |
558.1 |
500.7 |
|
Dividend Income |
- |
- |
- |
22.9 |
19.8 |
|
Commission Income |
- |
- |
- |
84.9 |
58.3 |
|
Rental Income |
- |
- |
- |
47.8 |
46.0 |
|
Gain Disp of Mkt Sec |
- |
- |
- |
86.3 |
67.8 |
|
Gain on Foreign Currency Transactions |
5,038.5 |
5,199.9 |
6,032.2 |
6,577.2 |
1,971.2 |
|
G-For Exch Translatn |
486.2 |
429.4 |
1,036.1 |
404.0 |
137.6 |
|
Other Financial Income |
- |
344.1 |
269.7 |
- |
- |
|
Gain on Valuations of Derivatives |
72.3 |
- |
- |
- |
- |
|
Gain on Derivatives Transaction |
448.6 |
- |
- |
- |
- |
|
Interest Expenses |
-581.4 |
-502.6 |
-419.4 |
-609.0 |
-316.6 |
|
L-For Curr Transactn |
-5,625.3 |
-5,426.7 |
-6,388.6 |
-6,903.4 |
-1,989.9 |
|
L-For Exch Translatn |
-499.4 |
-358.1 |
-825.9 |
-848.6 |
-125.1 |
|
Other Financial Expense |
- |
-372.0 |
-337.3 |
- |
- |
|
Loss on Valuation of Derivatives |
-53.9 |
- |
- |
- |
- |
|
Loss on Derivative Transaction |
-364.7 |
- |
- |
- |
- |
|
Gain Disposal Assets |
- |
- |
- |
100.8 |
115.7 |
|
Miscellaneous Income |
- |
- |
- |
1,001.7 |
841.4 |
|
Other Amortization |
- |
- |
- |
- |
-2.6 |
|
Loss on Disp of AR |
- |
- |
- |
- |
-319.0 |
|
Loss Disp of Mkt Sec |
- |
- |
- |
-24.5 |
-1.9 |
|
Donations Paid |
- |
- |
- |
-137.0 |
-207.1 |
|
Loss Disp Tang. Ast |
- |
- |
- |
-56.6 |
-77.4 |
|
Miscellaneous Exp. |
- |
- |
- |
-569.8 |
-414.0 |
|
Gain under Equity Method |
1,262.9 |
1,960.7 |
1,342.3 |
951.5 |
702.2 |
|
Loss Under Equity Method |
- |
- |
- |
-190.2 |
-295.8 |
|
Net Income Before Taxes |
15,488.0 |
16,716.2 |
9,551.7 |
5,976.7 |
10,367.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3,091.4 |
2,752.0 |
1,904.6 |
624.7 |
1,840.2 |
|
Net Income After Taxes |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
-338.4 |
-300.5 |
-148.0 |
-331.0 |
-540.7 |
|
Net Income Before Extra. Items |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
Net Income |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-1,594.2 |
-172.6 |
-125.2 |
-679.4 |
-1,242.6 |
|
Participated Preferred Dividends |
- |
-1,640.5 |
-880.6 |
- |
- |
|
Income Available to Com Excl E |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
130.2 |
129.3 |
127.7 |
126.8 |
126.6 |
|
Basic EPS Excluding ExtraOrdin |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Basic EPS Including ExtraOrdin |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
Diluted Weighted Average Share |
130.2 |
129.7 |
128.3 |
128.0 |
128.1 |
|
Diluted EPS Excluding ExtraOrd |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
Diluted EPS Including ExtraOrd |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
DPS-Common Stock |
4.96 |
8.65 |
6.27 |
5.00 |
8.61 |
|
Gross Dividends - Common Stock |
647.2 |
1,121.7 |
803.5 |
634.8 |
1,088.4 |
|
Normalized Income Before Taxes |
14,781.4 |
16,555.1 |
9,603.1 |
5,932.5 |
10,652.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
2,950.4 |
2,725.5 |
1,914.9 |
620.1 |
1,890.3 |
|
Normalized Income After Taxes |
11,831.0 |
13,829.6 |
7,688.2 |
5,312.4 |
8,762.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
9,898.4 |
11,716.0 |
6,534.3 |
4,302.0 |
6,978.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
76.05 |
90.63 |
51.16 |
33.93 |
55.13 |
|
Diluted Normalized EPS |
76.05 |
90.35 |
50.92 |
33.62 |
54.49 |
|
Interest Expense |
581.4 |
502.6 |
419.4 |
609.0 |
316.6 |
|
Advertising Expense |
6,888.4 |
5,668.9 |
4,794.4 |
5,606.5 |
4,001.8 |
|
R&D Expense, Supplemental |
9,008.0 |
7,869.5 |
5,787.2 |
3,480.8 |
6,536.9 |
|
Depreciation |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Amort of Intangibles, Suppleme |
593.7 |
472.7 |
287.1 |
217.8 |
208.0 |
|
Amort. of Acquisition Costs |
- |
- |
- |
- |
3.4 |
|
Amort. of Nega. Acquisition Costs |
- |
- |
- |
- |
-0.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
12,753.3 |
8,627.6 |
8,716.3 |
6,998.2 |
6,230.4 |
|
Short-term Financial Instruments |
10,008.6 |
10,158.9 |
7,410.3 |
- |
- |
|
ST Available-for-Sale Financial Assets |
569.4 |
1,021.4 |
1,807.2 |
- |
- |
|
ST Deposits |
- |
- |
- |
2,851.3 |
5,407.7 |
|
ST Secs for Sale |
- |
- |
- |
779.7 |
985.9 |
|
ST Secs-Maturity |
- |
- |
- |
- |
0.1 |
|
ST Loans |
- |
- |
- |
- |
155.2 |
|
Advance Sec. Dep |
- |
- |
- |
- |
140.6 |
|
Trade Rcvb Gross |
19,120.4 |
16,985.9 |
15,394.7 |
9,633.4 |
11,944.4 |
|
Receivable from Relative Parties |
92.9 |
54.3 |
37.6 |
- |
- |
|
Doubtful Account |
-186.3 |
-163.7 |
-110.8 |
-71.3 |
-59.3 |
|
Current Potion of LT Trade Receivable |
-32.1 |
0.0 |
-19.5 |
- |
- |
|
Other Rcvbls |
1,971.3 |
1,899.5 |
1,698.7 |
1,237.2 |
1,056.7 |
|
ST Loan Rcvbl |
- |
- |
- |
4,975.2 |
5,955.9 |
|
Advance Payments |
1,246.8 |
1,147.6 |
1,345.6 |
1,078.1 |
1,114.4 |
|
Prepaid Expenses |
2,022.1 |
1,939.1 |
1,254.2 |
1,533.5 |
1,380.6 |
|
Deferred Taxes |
- |
- |
- |
1,695.1 |
1,643.0 |
|
Accrued Income |
- |
- |
- |
- |
266.1 |
|
Other Quick Asst |
858.4 |
657.4 |
570.5 |
630.9 |
28.5 |
|
Finished Goods & Merchandises |
5,126.6 |
3,975.1 |
2,585.3 |
- |
- |
|
Semi-finish Good&Work in Progress |
2,666.1 |
2,308.3 |
1,632.8 |
- |
- |
|
Raw Materials&Supplies |
3,894.6 |
3,665.4 |
2,738.0 |
- |
- |
|
Goods in Transit |
1,955.6 |
1,827.1 |
1,493.5 |
1,001.4 |
1,734.1 |
|
Merchandise |
- |
- |
- |
296.8 |
234.8 |
|
Finished Goods |
- |
- |
- |
2,124.6 |
2,265.1 |
|
Parts Manufact |
- |
- |
- |
67.9 |
- |
|
Semi-finish Good |
- |
- |
- |
1,573.9 |
116.0 |
|
Work in Progress |
- |
- |
- |
- |
1,695.4 |
|
Raw Materials |
- |
- |
- |
2,120.1 |
2,136.2 |
|
Supplies |
- |
- |
- |
351.9 |
331.6 |
|
Total Current Assets |
62,067.8 |
54,104.0 |
46,554.3 |
38,877.8 |
44,763.6 |
|
|
|
|
|
|
|
|
Available-for-Sale Financial Assets |
2,798.3 |
2,678.8 |
1,278.8 |
2,078.7 |
3,965.9 |
|
Affiliates Investment |
7,989.7 |
7,344.5 |
6,298.7 |
3,459.1 |
4,040.8 |
|
LT Finl Assets |
- |
- |
- |
- |
1.2 |
|
LT Secs-Maturity |
- |
- |
- |
265.5 |
157.3 |
|
LT Loans |
- |
- |
- |
- |
351.6 |
|
Other Inv Assets |
- |
- |
- |
288.5 |
25.8 |
|
Guarantee Dep. |
- |
- |
- |
710.8 |
848.0 |
|
Other LT Assets |
- |
- |
- |
21.9 |
- |
|
LT Acct Rcvb Net |
- |
- |
- |
- |
45.6 |
|
LT Loans Rcvbl |
- |
- |
- |
2,941.4 |
4,059.6 |
|
Land |
6,262.8 |
5,843.2 |
6,026.5 |
2,550.2 |
3,369.8 |
|
Buildings |
- |
- |
- |
- |
10,582.7 |
|
Buildings Depre. |
- |
- |
- |
- |
-2,615.2 |
|
Buildings & Structure |
16,035.5 |
13,266.1 |
11,967.9 |
7,672.7 |
- |
|
Buildings & Structure Depreciation |
-4,942.8 |
-4,179.6 |
-3,505.8 |
-502.0 |
- |
|
Structures |
- |
- |
- |
- |
568.1 |
|
Structure Depre. |
- |
- |
- |
- |
-202.6 |
|
Tools/Equip./Fix |
- |
- |
- |
- |
3,261.5 |
|
Tool/Equip Depr. |
- |
- |
- |
- |
-2,228.7 |
|
Machinery/Equip. |
83,869.9 |
71,774.2 |
61,732.7 |
25,917.1 |
60,613.3 |
|
Mach/Equip Depre |
-54,830.7 |
-48,446.5 |
-42,592.4 |
-6,840.9 |
-37,194.7 |
|
Transport Equip. |
- |
- |
- |
- |
308.8 |
|
Transport Deprec |
- |
- |
- |
- |
-112.3 |
|
Construction in Prgo/Mach.In Transit |
- |
- |
- |
3,997.5 |
- |
|
Construc in Prog |
6,061.2 |
7,263.9 |
2,933.7 |
- |
3,405.9 |
|
Mach.In Transit |
- |
- |
- |
- |
177.7 |
|
Other Tangible Assets |
4,065.8 |
3,654.8 |
3,088.2 |
1,426.4 |
- |
|
Other Tangible Assets, Depreciation |
-2,664.1 |
-2,507.2 |
-2,243.2 |
-481.8 |
- |
|
Intel Prop Right |
854.0 |
530.3 |
389.5 |
- |
- |
|
Develop Costs |
410.6 |
294.8 |
184.2 |
- |
- |
|
Membership Right |
171.8 |
168.7 |
157.7 |
- |
- |
|
Goodwill |
454.3 |
503.5 |
71.7 |
7.8 |
28.5 |
|
Indust.-Patent |
- |
- |
- |
322.2 |
336.4 |
|
Other Intangible |
1,021.7 |
951.7 |
275.6 |
295.0 |
387.9 |
|
Deposits Provided |
687.4 |
577.7 |
499.9 |
- |
- |
|
LT Prepaid Expen |
2,998.4 |
3,123.2 |
2,095.9 |
292.9 |
523.2 |
|
LA Defer Tax Dbt |
1,401.1 |
990.4 |
903.1 |
301.0 |
284.5 |
|
Other Non-current Assets |
383.8 |
389.8 |
218.1 |
- |
- |
|
Neg Goodwill |
- |
- |
- |
- |
0.0 |
|
Total Assets |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
8,920.8 |
8,061.2 |
7,072.0 |
4,435.8 |
6,450.4 |
|
Accounts Payable |
7,146.5 |
6,080.8 |
4,557.8 |
4,060.6 |
4,125.5 |
|
Inc. Taxes Pay. |
1,096.2 |
1,807.6 |
965.6 |
536.3 |
1,435.8 |
|
Accrued Expenses |
6,791.4 |
6,258.2 |
5,105.6 |
6,277.8 |
7,241.0 |
|
Customer Advance |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Deposit Withheld |
1,488.8 |
927.4 |
725.6 |
458.0 |
415.6 |
|
ST Borrowings |
8,380.0 |
7,427.7 |
6,681.1 |
7,166.6 |
9,030.6 |
|
Current Port LTD |
26.3 |
990.3 |
201.2 |
1,797.0 |
2,122.9 |
|
Curent Liability |
3,050.8 |
2,571.1 |
2,753.1 |
- |
- |
|
Deferred Taxes |
- |
- |
- |
2.0 |
5.0 |
|
Other Cur Liabs. |
311.3 |
293.7 |
209.2 |
231.5 |
130.4 |
|
Total Current Liability |
38,471.4 |
35,196.7 |
29,373.3 |
25,570.3 |
31,831.6 |
|
|
|
|
|
|
|
|
Bonds |
1,111.2 |
517.5 |
192.5 |
3,435.9 |
3,153.3 |
|
Non-Current Borrowings |
3,089.9 |
473.1 |
992.8 |
1,458.4 |
1,197.3 |
|
Capital Lease |
106.7 |
85.9 |
- |
- |
- |
|
Total Long Term Debt |
4,307.8 |
1,076.5 |
1,185.3 |
4,894.3 |
4,350.6 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
889.6 |
945.2 |
962.7 |
534.9 |
682.4 |
|
Long-Term Accrued Expenses |
106.5 |
108.8 |
130.2 |
141.1 |
45.9 |
|
LT Advances Received |
- |
- |
- |
- |
180.5 |
|
Other LT Liabs. |
209.8 |
27.5 |
27.1 |
648.6 |
511.4 |
|
LL Defer Tax Crd |
2,025.6 |
1,456.2 |
1,073.4 |
1,180.0 |
1,565.7 |
|
Retire Reserve |
363.3 |
526.8 |
645.2 |
675.0 |
790.5 |
|
Long-term Liability |
315.3 |
260.2 |
209.9 |
- |
- |
|
Minority Int. |
3,685.4 |
3,312.7 |
2,988.6 |
3,816.4 |
4,600.4 |
|
Total Liabilities |
50,374.6 |
42,910.6 |
36,595.7 |
37,460.7 |
44,559.0 |
|
|
|
|
|
|
|
|
Common Stock |
675.4 |
685.6 |
668.2 |
617.7 |
831.2 |
|
Preferred Stock |
103.7 |
105.3 |
102.6 |
94.8 |
127.6 |
|
Additional Paid-in Capital |
3,822.8 |
3,880.4 |
3,781.9 |
5,231.1 |
7,024.2 |
|
Cons Retain Earn |
- |
- |
- |
4,410.3 |
54,553.9 |
|
Othr Capital Adj |
- |
- |
- |
-57.8 |
-69.9 |
|
Stock Options |
- |
- |
- |
306.4 |
507.7 |
|
Retained Earnings or Accumulated Deficit |
84,672.3 |
- |
- |
- |
- |
|
Legal Reserve |
- |
397.2 |
387.1 |
357.9 |
- |
|
Voluntary Reserve |
- |
55,241.7 |
46,570.2 |
39,231.3 |
- |
|
Loss-Valuation of Derivatives |
- |
- |
- |
-13.4 |
- |
|
Retained Earnings Before Appropriations |
- |
19,270.3 |
14,070.4 |
- |
- |
|
G-Sec for Sale V |
- |
- |
- |
676.8 |
1,528.6 |
|
L-Sec for Sale V |
- |
- |
- |
-1.4 |
-1.4 |
|
Capital Change Under Equity Method |
- |
- |
- |
204.3 |
268.8 |
|
Capital Change Under Equity Method(Loss) |
- |
- |
- |
-10.7 |
-8.6 |
|
Treasury Stock |
-6,544.8 |
-6,839.3 |
-7,217.7 |
-7,074.1 |
-9,783.1 |
|
Stock Options in Other Capital Adjustmen |
48.0 |
113.1 |
183.0 |
- |
- |
|
Gains on Valuation of Available for Sale |
903.5 |
1,416.9 |
585.3 |
- |
- |
|
Gains on Valuation of Equity Method Secu |
930.1 |
1,044.4 |
685.2 |
- |
- |
|
Losses on Cumulative Effect of Foreign C |
-724.1 |
-843.8 |
-640.4 |
- |
- |
|
Other Capital |
835.0 |
944.1 |
563.7 |
- |
- |
|
Currency Adjus. |
- |
- |
- |
2,167.7 |
216.5 |
|
Total Equity |
84,722.0 |
75,415.9 |
59,739.4 |
46,141.1 |
55,195.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
Total Common Shares Outstandin |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
T/S-Common Stock |
16.9 |
17.5 |
19.0 |
20.3 |
20.9 |
|
S/O-Preferred Stock |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Total Preferred Shares Outstan |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
T/S-Preferred Stock |
3.0 |
3.0 |
3.0 |
3.0 |
3.0 |
|
Deferred Revenue - Current |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Deferred Revenue - Long-Term |
- |
- |
- |
- |
180.5 |
|
Full-Time Employees |
101,970 |
95,659 |
85,085 |
84,462 |
84,721 |
|
Number of Common Shareholders |
149,564 |
144,522 |
117,325 |
156,539 |
133,301 |
|
Long-Term Debts Due in 1 Year |
26.5 |
990.5 |
- |
1,797.6 |
2,088.1 |
|
Long-Term Debts Due in 2 Years |
880.0 |
44.9 |
- |
2,666.8 |
1,877.4 |
|
Long-Term Debts Due in 3 Years |
2,584.3 |
900.0 |
- |
1,964.6 |
1,831.6 |
|
Long-Term Debts Due in 4 Years |
11.0 |
16.6 |
- |
55.5 |
432.6 |
|
Long-Term Debts Due in 5 Years |
- |
- |
- |
- |
23.5 |
|
Long-Term Debts Due Remaining |
838.0 |
118.3 |
- |
214.1 |
194.0 |
|
Total Long Term Debt, Supplemental |
4,339.8 |
2,070.4 |
- |
6,698.6 |
6,447.1 |
|
Capital Lease Due in 1 Year |
12.1 |
8.5 |
- |
7.0 |
6.7 |
|
Capital Lease Due in 5 Years |
43.0 |
35.6 |
- |
19.9 |
22.0 |
|
Capital Lease Due Remaining |
63.7 |
50.4 |
- |
30.6 |
33.6 |
|
Total Capital Leases |
118.8 |
94.4 |
- |
57.5 |
62.3 |
|
Operating Lease Pymts Due within 1Yr |
- |
- |
- |
- |
89.6 |
|
Operating Lease Pymts Due within 5Yr |
- |
- |
- |
- |
206.1 |
|
Operating Lease-Remaining Maturities |
- |
- |
- |
- |
75.0 |
|
Total Operating Leases |
- |
- |
- |
- |
370.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
Depreciation |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Amort. Intangible |
593.7 |
472.7 |
287.1 |
217.8 |
211.4 |
|
Corporate Taxes |
3,091.4 |
2,752.0 |
1,904.6 |
- |
- |
|
Financial Income |
-1,644.0 |
-1,256.2 |
-1,588.7 |
- |
- |
|
Financial Expense |
1,499.4 |
1,232.7 |
1,582.5 |
- |
- |
|
Retirement Allowance |
556.9 |
487.3 |
417.9 |
494.3 |
662.5 |
|
Prov. Doubtful Act |
84.7 |
99.5 |
81.0 |
483.8 |
186.0 |
|
Gains on Valuation of Equity Method Secu |
-1,262.9 |
-1,960.7 |
-1,342.3 |
- |
- |
|
Gain Disp Tang. Ast |
-102.6 |
-244.7 |
-42.7 |
-100.8 |
-115.7 |
|
Disp Tang Asst Loss |
98.7 |
238.8 |
94.1 |
56.6 |
77.4 |
|
Gain on Disposal of Investment Assets |
-201.8 |
- |
- |
- |
- |
|
Gain on Disposal of Business |
-959.3 |
- |
- |
- |
- |
|
Loss-Scraping of Inventory |
1,221.5 |
1,111.3 |
359.5 |
- |
- |
|
Impairment Loss on Intangible Assets |
168.6 |
- |
- |
- |
- |
|
Provisions |
- |
4,693.0 |
2,370.6 |
- |
- |
|
Other Income or Expenses |
52.2 |
-129.8 |
727.8 |
- |
- |
|
Trade Receivables |
-1,818.9 |
-1,555.1 |
-4,342.9 |
-78.3 |
-1,458.9 |
|
Account Receivables |
-163.9 |
-118.9 |
-486.7 |
-511.7 |
98.4 |
|
Advances Payments |
-133.0 |
209.7 |
-164.2 |
-238.3 |
-384.0 |
|
Prepaid Expenses |
-24.8 |
-1,592.6 |
-1,251.6 |
-137.9 |
-25.5 |
|
Other Quick Assets |
- |
88.7 |
-193.4 |
- |
- |
|
Inventory |
-3,538.0 |
-4,162.3 |
-834.1 |
-630.3 |
-1,400.8 |
|
Other Non-Current Assets |
- |
17.0 |
124.1 |
- |
- |
|
Stock Compensation |
- |
- |
- |
- |
0.8 |
|
Loss on AR Disp |
- |
- |
- |
- |
319.0 |
|
Translation Loss |
- |
- |
- |
972.6 |
131.9 |
|
Loss Under Equity Method |
- |
- |
- |
190.2 |
295.8 |
|
Loss on Sec Disposal |
- |
- |
- |
24.5 |
1.9 |
|
L-Secs. for Sale Reuction |
- |
- |
- |
- |
6.7 |
|
L-Secs. Held to Maturities Reuction |
- |
- |
- |
- |
22.3 |
|
L-Derivatives Trading and Valuation |
- |
- |
- |
54.5 |
166.2 |
|
L-Inventory Valuation and Scrapping |
- |
- |
- |
841.2 |
456.0 |
|
Amort.Conv Rgts.Adj. |
- |
- |
- |
- |
57.8 |
|
Income Taxes Paid |
- |
- |
- |
- |
0.0 |
|
Miscellaneous Loss |
- |
- |
- |
617.6 |
345.5 |
|
Translation Gain |
- |
- |
- |
-407.0 |
-138.4 |
|
Equity Earnings |
- |
- |
- |
-680.0 |
-400.6 |
|
Repayment Guarantee |
- |
- |
- |
- |
-190.7 |
|
Gain on Sec Sales |
- |
- |
- |
-126.3 |
-102.4 |
|
G-Derivatives Trading and Valuation |
- |
- |
- |
-52.9 |
-131.9 |
|
Tax Decrease Due to Deferred Taxes |
- |
- |
- |
-454.7 |
-107.2 |
|
Miscellaneous Gains |
- |
- |
- |
-186.7 |
-92.5 |
|
Accrued Income |
- |
- |
- |
547.6 |
-55.4 |
|
Security Deposits |
- |
- |
- |
- |
-7.2 |
|
LT Trade Receivables |
- |
- |
- |
- |
166.0 |
|
LT Prepaid Expenses |
- |
- |
- |
-72.9 |
-199.2 |
|
Loans |
- |
- |
- |
-1,193.5 |
-1,386.9 |
|
Trade Payables |
677.0 |
981.4 |
2,721.4 |
-1,376.0 |
500.1 |
|
Account Payable |
338.9 |
1,107.3 |
946.7 |
601.8 |
-171.7 |
|
Advances Received |
495.0 |
-333.9 |
314.3 |
-257.5 |
122.7 |
|
Deposits Withheld |
502.4 |
166.8 |
206.0 |
-175.6 |
89.9 |
|
Accrued Expenses |
459.1 |
1,021.8 |
308.1 |
-188.9 |
1,233.5 |
|
Other Current Liab. |
- |
78.8 |
-13.2 |
- |
- |
|
Provisions |
652.1 |
-4,867.3 |
-1,970.7 |
- |
- |
|
Accrued Income Taxes |
- |
- |
- |
-682.9 |
46.9 |
|
LT Accrued Expenses |
- |
- |
- |
371.0 |
213.7 |
|
LT Account Payable |
- |
- |
- |
-76.7 |
88.0 |
|
Pymt of Retire Allow |
-231.3 |
-480.1 |
-370.9 |
-274.3 |
-363.9 |
|
Increased-Reserve Assets |
-480.0 |
-117.3 |
-93.2 |
- |
- |
|
Other Long-term Liability |
- |
-39.0 |
-70.0 |
- |
- |
|
Retire Insur. Dep |
- |
- |
- |
-148.9 |
-274.5 |
|
Other Operating Assets & Liabilities |
-396.8 |
- |
- |
411.1 |
-35.7 |
|
Interest Received |
682.3 |
395.7 |
236.4 |
- |
- |
|
Interest Paid |
-579.0 |
-503.6 |
-427.8 |
- |
- |
|
Dividend Income |
319.2 |
23.7 |
54.4 |
- |
- |
|
Dividend Income-Affiliates |
248.2 |
1,290.9 |
428.6 |
- |
- |
|
Taxes Paid |
-3,590.1 |
-1,846.7 |
-1,547.0 |
- |
- |
|
Cash from Operating Activities |
20,686.1 |
20,606.4 |
14,511.7 |
12,139.3 |
15,918.1 |
|
|
|
|
|
|
|
|
Inc-ST Finl Assets |
68.3 |
-2,587.4 |
-3,978.5 |
- |
-1,771.6 |
|
Inc-ST Securities Available-for-Sale |
468.0 |
848.9 |
-875.9 |
- |
- |
|
Acquis of Market Sec |
- |
- |
- |
-3,252.9 |
-1,982.8 |
|
Acq-LT Secs. for Sale |
-378.8 |
-358.9 |
-67.9 |
-11.5 |
-22.3 |
|
Acq-Inv. Secs. Under Equity Method |
- |
- |
- |
- |
-136.8 |
|
Dec-ST Finl Assets |
- |
- |
- |
1,313.7 |
0.0 |
|
Dec in ST Loans |
- |
- |
- |
- |
418.7 |
|
Decrease in LT Loans |
- |
- |
- |
- |
53.5 |
|
Dec-Guarantee Dep |
416.5 |
316.8 |
377.8 |
301.4 |
237.7 |
|
Disp of Market Secs. |
- |
- |
- |
3,249.6 |
3,259.3 |
|
Dec-ST Sec Maturity |
- |
- |
- |
- |
0.0 |
|
Dec-LT Secs for Sale |
374.7 |
8.0 |
2.4 |
171.1 |
88.5 |
|
Dec-LT Secs Maturity |
- |
- |
- |
28.4 |
52.9 |
|
Dec-Affiliates&Joint Venture Investment |
276.9 |
240.3 |
35.1 |
- |
- |
|
Inc-Affiliates&Joint Venture Investment |
-364.2 |
-0.2 |
-141.7 |
- |
- |
|
Dec-Affiliates Stock |
- |
- |
- |
15.2 |
198.5 |
|
Cash Intflow from Disposal of Business S |
835.3 |
- |
- |
- |
- |
|
Disp-Tangible Assets |
342.9 |
1,062.0 |
79.1 |
268.3 |
529.2 |
|
Decrease Intangibles |
8.8 |
14.4 |
44.5 |
- |
- |
|
Other Inflow |
- |
- |
- |
112.6 |
39.8 |
|
Other Investing Cash Flow |
328.8 |
-177.2 |
310.8 |
- |
- |
|
Increase in LT Loans |
- |
- |
- |
- |
-242.5 |
|
Inc in Guarant Depos |
-536.2 |
-364.1 |
-365.3 |
-324.4 |
-229.8 |
|
Cash Outflow-Consolidation Scope Change |
-471.8 |
41.1 |
227.4 |
- |
- |
|
Acq-Tangible Assets |
-19,826.6 |
-18,697.2 |
-6,324.2 |
-12,800.9 |
-13,185.3 |
|
Acq Intangible Asset |
-599.0 |
-1,089.6 |
-430.9 |
-194.7 |
-211.3 |
|
Cash Outflow |
- |
- |
- |
-804.8 |
-12.4 |
|
Cash from Investing Activities |
-19,056.5 |
-20,743.1 |
-11,107.4 |
-11,928.8 |
-12,916.8 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
- |
- |
- |
607.3 |
859.0 |
|
Inc in LT Borrowings |
- |
- |
- |
987.2 |
953.1 |
|
Increase in Bonds |
- |
- |
- |
2,962.1 |
1,767.2 |
|
Disp-Treasury Stock |
145.2 |
159.4 |
259.1 |
- |
- |
|
Stock Options |
- |
- |
- |
150.8 |
126.3 |
|
Cash Inflow-Consoli. Capital Transaction |
- |
- |
- |
- |
161.5 |
|
Other Inflow |
- |
- |
- |
360.5 |
822.5 |
|
Repay ST Borrowings |
882.1 |
750.8 |
-417.8 |
- |
- |
|
Increase- Bonds< Debt |
3,543.1 |
983.9 |
244.0 |
- |
- |
|
Repayments of Bonds< Debt |
-1,033.6 |
-263.0 |
-313.8 |
- |
- |
|
Dec-Current Port. LT Debt |
- |
- |
- |
-1,659.9 |
-2,978.2 |
|
Dec in LT Borrowings |
- |
- |
- |
-377.3 |
-206.2 |
|
Acquis of Treas Stck |
- |
- |
- |
- |
-1,964.5 |
|
Dividends Paid |
-789.4 |
-1,658.5 |
-645.3 |
-1,195.3 |
-881.5 |
|
Other Financing Cash Flow |
59.5 |
-104.4 |
-194.6 |
- |
- |
|
Other Outflow |
- |
- |
- |
-77.8 |
-380.9 |
|
Cash Flows-Consolidation Scope Change |
- |
- |
- |
3.0 |
2.2 |
|
Cash Inflow/Outflow from Foreign Currenc |
-13.3 |
-41.6 |
206.8 |
739.2 |
450.9 |
|
Cash from Financing Activities |
2,793.6 |
-173.3 |
-861.5 |
2,499.6 |
-1,268.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
4,423.1 |
-310.1 |
2,542.8 |
2,710.1 |
1,732.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,837.9 |
8,778.1 |
5,409.3 |
5,299.1 |
4,543.8 |
|
Net Cash - Ending Balance |
13,261.0 |
8,468.0 |
7,952.1 |
8,009.2 |
6,276.5 |
|
Cash Interest Paid |
579.0 |
503.6 |
427.8 |
- |
- |
|
Cash Taxes Paid |
3,590.1 |
1,846.7 |
1,547.0 |
- |
- |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
Revenue |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
Total Revenue |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
101,223.9 |
88,790.5 |
74,111.5 |
81,560.4 |
76,283.0 |
|
Cost of Revenue, Total |
101,223.9 |
88,790.5 |
74,111.5 |
81,560.4 |
76,283.0 |
|
Gross Profit |
47,709.2 |
44,940.2 |
32,693.0 |
28,650.8 |
29,732.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
14,071.4 |
13,575.1 |
11,011.6 |
11,278.3 |
9,600.6 |
|
Labor & Related Expense |
3,340.0 |
3,052.2 |
2,140.5 |
2,450.7 |
2,411.9 |
|
Advertising Expense |
6,888.4 |
5,668.9 |
4,794.4 |
5,606.5 |
4,001.8 |
|
Total Selling/General/Administrative Expenses |
24,299.8 |
22,296.2 |
17,946.6 |
19,335.5 |
16,014.3 |
|
Research & Development |
9,008.0 |
7,869.5 |
5,787.2 |
3,480.8 |
3,709.9 |
|
Depreciation |
332.3 |
303.6 |
251.8 |
241.3 |
254.5 |
|
Amortization of Intangibles |
271.2 |
196.5 |
61.2 |
112.4 |
96.6 |
|
Depreciation/Amortization |
603.5 |
500.1 |
313.0 |
353.7 |
351.1 |
|
Investment Income -
Operating |
-227.5 |
-385.3 |
-57.3 |
- |
- |
|
Interest/Investment Income - Operating |
-227.5 |
-385.3 |
-57.3 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
-227.5 |
-385.3 |
-57.3 |
- |
- |
|
Impairment-Assets Held for Use |
256.6 |
- |
- |
- |
- |
|
Impairment-Assets Held for Sale |
- |
- |
- |
- |
1.6 |
|
Loss (Gain) on Sale of Assets - Operating |
-963.2 |
-161.1 |
51.4 |
- |
- |
|
Unusual Expense (Income) |
-706.6 |
-161.1 |
51.4 |
- |
1.6 |
|
Other Operating Expense |
849.2 |
492.7 |
512.8 |
- |
- |
|
Other, Net |
-784.4 |
-630.7 |
-420.3 |
- |
- |
|
Other Operating Expenses, Total |
64.9 |
-138.0 |
92.5 |
- |
- |
|
Total Operating Expense |
134,265.9 |
118,771.9 |
98,245.0 |
104,730.5 |
96,359.9 |
|
|
|
|
|
|
|
|
Operating Income |
14,667.2 |
14,958.8 |
8,559.5 |
5,480.7 |
9,655.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-581.4 |
-502.6 |
-419.4 |
-609.0 |
-316.6 |
|
Interest Expense, Net Non-Operating |
-581.4 |
-502.6 |
-419.4 |
-609.0 |
-316.6 |
|
Interest Income -
Non-Operating |
636.9 |
482.7 |
282.8 |
558.1 |
500.7 |
|
Investment Income -
Non-Operating |
765.2 |
1,777.3 |
1,128.7 |
75.2 |
486.0 |
|
Interest/Investment Income - Non-Operating |
1,402.2 |
2,260.0 |
1,411.5 |
633.3 |
986.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
820.7 |
1,757.5 |
992.1 |
24.3 |
670.1 |
|
Gain (Loss) on Sale of Assets |
- |
- |
- |
44.2 |
-280.7 |
|
Other Non-Operating Income (Expense) |
- |
- |
- |
427.6 |
322.0 |
|
Other, Net |
- |
- |
- |
427.6 |
322.0 |
|
Income Before Tax |
15,488.0 |
16,716.2 |
9,551.7 |
5,976.7 |
10,367.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
3,091.4 |
2,752.0 |
1,904.6 |
624.7 |
1,840.2 |
|
Income After Tax |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-338.4 |
-300.5 |
-148.0 |
-331.0 |
-540.7 |
|
Net Income Before Extraord Items |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
Net Income |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-1,594.2 |
-1,813.1 |
-1,005.8 |
-679.4 |
-1,242.6 |
|
Total Adjustments to Net Income |
-1,594.2 |
-1,813.1 |
-1,005.8 |
-679.4 |
-1,242.6 |
|
Income Available to Common Excl Extraord Items |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
Income Available to Common Incl Extraord Items |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
Basic/Primary Weighted Average Shares |
130.2 |
129.3 |
127.7 |
126.8 |
126.6 |
|
Basic EPS Excl Extraord Items |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Basic/Primary EPS Incl Extraord Items |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
Diluted Weighted Average Shares |
130.2 |
129.7 |
128.3 |
128.0 |
128.1 |
|
Diluted EPS Excl Extraord Items |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
Diluted EPS Incl Extraord Items |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
Dividends per Share - Common Stock Primary Issue |
4.96 |
8.65 |
6.27 |
5.00 |
8.61 |
|
Gross Dividends - Common Stock |
647.2 |
1,121.7 |
803.5 |
634.8 |
1,088.4 |
|
Interest Expense, Supplemental |
581.4 |
502.6 |
419.4 |
609.0 |
316.6 |
|
Depreciation, Supplemental |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Total Special Items |
-706.6 |
-161.1 |
51.4 |
-44.2 |
285.5 |
|
Normalized Income Before Tax |
14,781.4 |
16,555.1 |
9,603.1 |
5,932.5 |
10,652.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-141.0 |
-26.5 |
10.2 |
-4.6 |
50.1 |
|
Inc Tax Ex Impact of Sp Items |
2,950.4 |
2,725.5 |
1,914.9 |
620.1 |
1,890.3 |
|
Normalized Income After Tax |
11,831.0 |
13,829.6 |
7,688.2 |
5,312.4 |
8,762.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
9,898.4 |
11,716.0 |
6,534.3 |
4,302.0 |
6,978.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
76.05 |
90.63 |
51.16 |
33.93 |
55.13 |
|
Diluted Normalized EPS |
76.05 |
90.35 |
50.92 |
33.62 |
54.49 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
- |
3.2 |
|
Amort of Intangibles, Supplemental |
593.7 |
472.7 |
287.1 |
217.8 |
208.0 |
|
Advertising Expense, Supplemental |
6,888.4 |
5,668.9 |
4,794.4 |
5,606.5 |
4,001.8 |
|
Research & Development Exp, Supplemental |
9,008.0 |
7,869.5 |
5,787.2 |
3,480.8 |
6,536.9 |
|
Normalized EBIT |
13,733.1 |
14,412.3 |
8,553.6 |
5,480.7 |
9,657.2 |
|
Normalized EBITDA |
26,001.5 |
24,266.2 |
17,279.6 |
14,653.5 |
18,802.1 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1145.271505 |
1082.999462 |
1083.436022 |
1120.28956 |
|
|
|
|
|
|
|
|
Net Sales |
40,025.7 |
41,303.7 |
38,110.8 |
36,401.6 |
33,013.8 |
|
Revenue |
40,025.7 |
41,303.7 |
38,110.8 |
36,401.6 |
33,013.8 |
|
Total Revenue |
40,025.7 |
41,303.7 |
38,110.8 |
36,401.6 |
33,013.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
26,646.7 |
27,512.5 |
25,627.2 |
24,761.2 |
23,256.9 |
|
Cost of Revenue, Total |
26,646.7 |
27,512.5 |
25,627.2 |
24,761.2 |
23,256.9 |
|
Gross Profit |
13,379.0 |
13,791.2 |
12,483.6 |
11,640.5 |
9,756.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
5,983.1 |
7,384.9 |
6,278.1 |
5,883.1 |
3,169.7 |
|
Labor & Related Expense |
- |
- |
- |
- |
796.6 |
|
Advertising Expense |
- |
- |
- |
- |
1,072.2 |
|
Total Selling/General/Administrative Expenses |
5,983.1 |
7,384.9 |
6,278.1 |
5,883.1 |
5,038.4 |
|
Research & Development |
2,412.3 |
2,394.6 |
2,243.0 |
2,274.4 |
2,092.4 |
|
Depreciation |
- |
- |
- |
- |
80.1 |
|
Amortization of Intangibles |
- |
- |
- |
- |
56.2 |
|
Depreciation/Amortization |
- |
- |
- |
- |
136.3 |
|
Investment Income -
Operating |
- |
- |
- |
- |
-37.7 |
|
Interest/Investment Income - Operating |
- |
- |
- |
- |
-37.7 |
|
Interest Expense (Income) - Net Operating Total |
- |
- |
- |
- |
-37.7 |
|
Loss (Gain) on Sale of Assets - Operating |
- |
- |
- |
- |
-41.9 |
|
Unusual Expense (Income) |
- |
- |
- |
- |
-41.9 |
|
Other Operating Expense |
153.1 |
781.8 |
273.6 |
257.2 |
96.7 |
|
Other, Net |
-342.2 |
-1,394.7 |
-238.2 |
-237.1 |
-159.3 |
|
Other Operating Expenses, Total |
-189.0 |
-612.9 |
35.5 |
20.1 |
-62.6 |
|
Total Operating Expense |
34,853.1 |
36,679.1 |
34,183.8 |
32,938.7 |
30,381.9 |
|
|
|
|
|
|
|
|
Operating Income |
5,172.6 |
4,624.6 |
3,927.0 |
3,462.9 |
2,631.9 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-137.4 |
-165.5 |
-155.3 |
-136.7 |
-123.4 |
|
Interest Expense, Net Non-Operating |
-137.4 |
-165.5 |
-155.3 |
-136.7 |
-123.4 |
|
Interest Income -
Non-Operating |
164.2 |
185.8 |
164.2 |
152.5 |
133.8 |
|
Investment Income -
Non-Operating |
684.9 |
240.3 |
-7.7 |
466.9 |
481.0 |
|
Interest/Investment Income - Non-Operating |
849.1 |
426.0 |
156.4 |
619.4 |
614.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
711.7 |
260.5 |
1.2 |
482.7 |
491.4 |
|
Other Non-Operating Income (Expense) |
-269.8 |
-105.0 |
-112.6 |
-101.7 |
-99.3 |
|
Other, Net |
-269.8 |
-105.0 |
-112.6 |
-101.7 |
-99.3 |
|
Income Before Tax |
5,614.6 |
4,780.1 |
3,815.5 |
3,843.9 |
3,024.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
1,151.0 |
1,286.3 |
637.6 |
607.5 |
538.3 |
|
Income After Tax |
4,463.6 |
3,493.7 |
3,177.9 |
3,236.3 |
2,485.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-165.8 |
-99.4 |
-130.7 |
-45.6 |
-62.6 |
|
Net Income Before Extraord Items |
4,297.7 |
3,394.3 |
3,047.2 |
3,190.7 |
2,423.2 |
|
Net Income |
4,297.7 |
3,394.3 |
3,047.2 |
3,190.7 |
2,423.2 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-567.8 |
-440.7 |
-403.4 |
-425.9 |
-353.5 |
|
Total Adjustments to Net Income |
-567.8 |
-440.7 |
-403.4 |
-425.9 |
-353.5 |
|
Income Available to Common Excl Extraord Items |
3,730.0 |
2,953.6 |
2,643.8 |
2,764.9 |
2,069.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
3,730.0 |
2,953.6 |
2,643.8 |
2,764.9 |
2,069.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
130.4 |
130.3 |
130.2 |
130.1 |
130.0 |
|
Basic EPS Excl Extraord Items |
28.59 |
22.67 |
20.31 |
21.25 |
15.92 |
|
Basic/Primary EPS Incl Extraord Items |
28.59 |
22.67 |
20.31 |
21.25 |
15.92 |
|
Dilution Adjustment |
0.4 |
0.0 |
0.6 |
0.0 |
0.0 |
|
Diluted Net Income |
3,730.4 |
2,953.6 |
2,644.4 |
2,764.9 |
2,069.6 |
|
Diluted Weighted Average Shares |
130.6 |
130.3 |
130.4 |
130.4 |
130.3 |
|
Diluted EPS Excl Extraord Items |
28.57 |
22.67 |
20.28 |
21.20 |
15.88 |
|
Diluted EPS Incl Extraord Items |
28.57 |
22.67 |
20.28 |
21.20 |
15.88 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
4.37 |
0.00 |
0.46 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
569.2 |
0.0 |
60.1 |
0.0 |
|
Interest Expense, Supplemental |
137.4 |
165.5 |
155.3 |
136.7 |
123.4 |
|
Depreciation, Supplemental |
3,085.5 |
3,045.8 |
3,064.3 |
2,906.3 |
2,658.8 |
|
Total Special Items |
- |
- |
- |
- |
-41.9 |
|
Normalized Income Before Tax |
5,614.6 |
4,780.1 |
3,815.5 |
3,843.9 |
2,982.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
- |
- |
- |
- |
-7.5 |
|
Inc Tax Ex Impact of Sp Items |
1,151.0 |
1,286.3 |
637.6 |
607.5 |
530.8 |
|
Normalized Income After Tax |
4,463.6 |
3,493.7 |
3,177.9 |
3,236.3 |
2,451.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,730.0 |
2,953.6 |
2,643.8 |
2,764.9 |
2,035.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
28.59 |
22.67 |
20.31 |
21.25 |
15.65 |
|
Diluted Normalized EPS |
28.57 |
22.67 |
20.28 |
21.20 |
15.62 |
|
Amort of Intangibles, Supplemental |
164.1 |
166.2 |
154.3 |
143.3 |
129.5 |
|
Advertising Expense, Supplemental |
1,527.9 |
2,424.6 |
1,791.7 |
1,581.2 |
1,072.2 |
|
Research & Development Exp, Supplemental |
2,412.3 |
2,394.6 |
2,243.0 |
2,274.4 |
2,092.4 |
|
Normalized EBIT |
5,172.6 |
4,624.6 |
3,927.0 |
3,462.9 |
2,552.4 |
|
Normalized EBITDA |
8,422.2 |
7,836.5 |
7,145.5 |
6,512.6 |
5,340.7 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
12,753.3 |
8,627.6 |
8,716.3 |
6,998.2 |
6,230.4 |
|
Short Term Investments |
10,578.0 |
11,180.3 |
9,217.5 |
3,631.0 |
6,393.7 |
|
Cash and Short Term Investments |
23,331.3 |
19,807.9 |
17,933.8 |
10,629.2 |
12,624.2 |
|
Accounts Receivable -
Trade, Gross |
19,088.3 |
16,985.9 |
15,375.2 |
9,633.4 |
11,944.4 |
|
Provision for Doubtful
Accounts |
-186.3 |
-163.7 |
-110.8 |
-71.3 |
-59.3 |
|
Trade Accounts Receivable - Net |
18,902.0 |
16,822.2 |
15,264.3 |
9,562.1 |
12,151.3 |
|
Other Receivables |
2,064.2 |
1,953.7 |
1,736.3 |
6,212.4 |
7,167.8 |
|
Total Receivables, Net |
20,966.2 |
18,776.0 |
17,000.6 |
15,774.5 |
19,319.1 |
|
Inventories - Finished Goods |
7,082.2 |
5,802.2 |
4,078.7 |
3,490.6 |
4,234.1 |
|
Inventories - Work In Progress |
2,666.1 |
2,308.3 |
1,632.8 |
1,573.9 |
1,811.3 |
|
Inventories - Raw Materials |
3,894.6 |
3,665.4 |
2,738.0 |
2,120.1 |
2,136.2 |
|
Inventories - Other |
1,246.8 |
1,147.6 |
1,345.6 |
1,430.0 |
1,445.9 |
|
Total Inventory |
14,889.8 |
12,923.6 |
9,795.2 |
8,614.6 |
9,627.6 |
|
Prepaid Expenses |
2,022.1 |
1,939.1 |
1,254.2 |
1,533.5 |
1,380.6 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
1,695.1 |
1,643.0 |
|
Other Current Assets |
858.4 |
657.4 |
570.5 |
630.9 |
169.1 |
|
Other Current Assets, Total |
858.4 |
657.4 |
570.5 |
2,326.0 |
1,812.1 |
|
Total Current Assets |
62,067.8 |
54,104.0 |
46,554.3 |
38,877.8 |
44,763.6 |
|
|
|
|
|
|
|
|
Buildings |
16,035.5 |
13,266.1 |
11,967.9 |
7,672.7 |
11,150.8 |
|
Land/Improvements |
6,262.8 |
5,843.2 |
6,026.5 |
2,550.2 |
3,369.8 |
|
Machinery/Equipment |
83,869.9 |
71,774.2 |
61,732.7 |
25,917.1 |
64,183.7 |
|
Construction in
Progress |
6,061.2 |
7,263.9 |
2,933.7 |
3,997.5 |
3,583.6 |
|
Other
Property/Plant/Equipment |
4,065.8 |
3,654.8 |
3,088.2 |
1,426.4 |
- |
|
Property/Plant/Equipment - Gross |
116,295.2 |
101,802.2 |
85,749.1 |
41,563.9 |
82,287.9 |
|
Accumulated Depreciation |
-62,437.6 |
-55,133.3 |
-48,341.4 |
-7,824.6 |
-42,353.5 |
|
Property/Plant/Equipment - Net |
53,857.6 |
46,669.0 |
37,407.7 |
33,739.3 |
39,934.5 |
|
Goodwill, Net |
454.3 |
503.5 |
71.7 |
7.8 |
28.5 |
|
Intangibles, Net |
2,458.2 |
1,945.6 |
1,006.9 |
617.2 |
724.3 |
|
LT Investment - Affiliate Companies |
7,989.7 |
7,344.5 |
6,298.7 |
3,459.1 |
4,040.8 |
|
LT Investments - Other |
2,798.3 |
2,678.8 |
1,278.8 |
2,632.7 |
4,150.3 |
|
Long Term Investments |
10,788.0 |
10,023.3 |
7,577.5 |
6,091.8 |
8,191.1 |
|
Note Receivable - Long Term |
- |
- |
- |
2,941.4 |
4,456.8 |
|
Deferred Income Tax - Long Term Asset |
1,401.1 |
990.4 |
903.1 |
301.0 |
284.5 |
|
Other Long Term Assets |
4,069.6 |
4,090.8 |
2,813.9 |
1,025.5 |
1,371.2 |
|
Other Long Term Assets, Total |
5,470.7 |
5,081.2 |
3,717.0 |
1,326.5 |
1,655.7 |
|
Total Assets |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
8,920.8 |
8,061.2 |
7,072.0 |
4,435.8 |
6,450.4 |
|
Accrued Expenses |
6,791.4 |
6,258.2 |
5,105.6 |
6,277.8 |
7,241.0 |
|
Notes Payable/Short Term Debt |
8,380.0 |
7,427.7 |
6,681.1 |
7,166.6 |
9,030.6 |
|
Current Portion - Long Term Debt/Capital Leases |
26.3 |
990.3 |
201.2 |
1,797.0 |
2,122.9 |
|
Customer Advances |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Income Taxes Payable |
1,096.2 |
1,807.6 |
965.6 |
536.3 |
1,435.8 |
|
Other Payables |
7,146.5 |
6,080.8 |
4,557.8 |
4,060.6 |
4,125.5 |
|
Deferred Income Tax - Current Liability |
- |
- |
- |
2.0 |
5.0 |
|
Other Current Liabilities |
4,850.9 |
3,792.2 |
3,687.8 |
689.5 |
546.0 |
|
Other Current liabilities, Total |
14,352.9 |
12,459.2 |
10,313.3 |
5,893.2 |
6,986.7 |
|
Total Current Liabilities |
38,471.4 |
35,196.7 |
29,373.3 |
25,570.3 |
31,831.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
4,201.1 |
990.6 |
1,185.3 |
4,894.3 |
4,350.6 |
|
Capital Lease Obligations |
106.7 |
85.9 |
- |
- |
- |
|
Total Long Term Debt |
4,307.8 |
1,076.5 |
1,185.3 |
4,894.3 |
4,350.6 |
|
Total Debt |
12,714.1 |
9,494.6 |
8,067.7 |
13,857.9 |
15,504.1 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,025.6 |
1,456.2 |
1,073.4 |
1,180.0 |
1,565.7 |
|
Deferred Income Tax |
2,025.6 |
1,456.2 |
1,073.4 |
1,180.0 |
1,565.7 |
|
Minority Interest |
3,685.4 |
3,312.7 |
2,988.6 |
3,816.4 |
4,600.4 |
|
Pension Benefits - Underfunded |
363.3 |
526.8 |
645.2 |
675.0 |
790.5 |
|
Other Long Term Liabilities |
1,521.2 |
1,341.7 |
1,329.9 |
1,324.6 |
1,420.2 |
|
Other Liabilities, Total |
1,884.4 |
1,868.5 |
1,975.1 |
1,999.7 |
2,210.7 |
|
Total Liabilities |
50,374.6 |
42,910.6 |
36,595.7 |
37,460.7 |
44,559.0 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
103.7 |
105.3 |
102.6 |
94.8 |
127.6 |
|
Preferred Stock - Non Redeemable, Net |
103.7 |
105.3 |
102.6 |
94.8 |
127.6 |
|
Common Stock |
675.4 |
685.6 |
668.2 |
617.7 |
831.2 |
|
Common Stock |
675.4 |
685.6 |
668.2 |
617.7 |
831.2 |
|
Additional Paid-In Capital |
3,870.8 |
3,993.5 |
3,964.9 |
5,537.5 |
7,531.9 |
|
Retained Earnings (Accumulated Deficit) |
84,672.3 |
74,909.3 |
61,027.7 |
43,999.5 |
54,553.9 |
|
Treasury Stock - Common |
-6,544.8 |
-6,839.3 |
-7,217.7 |
-7,074.1 |
-9,783.1 |
|
Unrealized Gain (Loss) |
2,668.6 |
3,405.4 |
1,834.2 |
855.7 |
1,787.3 |
|
Translation Adjustment |
-724.1 |
-843.8 |
-640.4 |
2,167.7 |
216.5 |
|
Other Equity |
- |
- |
- |
-57.8 |
-69.9 |
|
Other Equity, Total |
-724.1 |
-843.8 |
-640.4 |
2,109.8 |
146.6 |
|
Total Equity |
84,722.0 |
75,415.9 |
59,739.4 |
46,141.1 |
55,195.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
Total Common Shares Outstanding |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
Treasury Shares - Common Stock Primary Issue |
16.9 |
17.5 |
19.0 |
20.3 |
20.9 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Total Preferred Stock Outstanding |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Treasury Shares - Preferred Primary Issue |
3.0 |
3.0 |
3.0 |
3.0 |
3.0 |
|
Employees |
101,970 |
95,659 |
85,085 |
84,462 |
84,721 |
|
Number of Common Shareholders |
149,564 |
144,522 |
117,325 |
156,539 |
133,301 |
|
Deferred Revenue - Current |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Deferred Revenue - Long Term |
- |
- |
- |
- |
180.5 |
|
Total Long Term Debt, Supplemental |
4,339.8 |
2,070.4 |
- |
6,698.6 |
6,447.1 |
|
Long Term Debt Maturing within 1 Year |
26.5 |
990.5 |
- |
1,797.6 |
2,088.1 |
|
Long Term Debt Maturing in Year 2 |
880.0 |
44.9 |
- |
2,666.8 |
1,877.4 |
|
Long Term Debt Maturing in Year 3 |
2,584.3 |
900.0 |
- |
1,964.6 |
1,831.6 |
|
Long Term Debt Maturing in Year 4 |
11.0 |
16.6 |
- |
55.5 |
432.6 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
- |
23.5 |
|
Long Term Debt Maturing in 2-3 Years |
3,464.3 |
944.9 |
- |
4,631.4 |
3,709.0 |
|
Long Term Debt Maturing in 4-5 Years |
11.0 |
16.6 |
- |
55.5 |
456.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
838.0 |
118.3 |
- |
214.1 |
194.0 |
|
Total Capital Leases, Supplemental |
118.8 |
94.4 |
- |
57.5 |
62.3 |
|
Capital Lease Payments Due in Year 1 |
12.1 |
8.5 |
- |
7.0 |
6.7 |
|
Capital Lease Payments Due in Year 2 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in Year 3 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in Year 4 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in Year 5 |
10.7 |
8.9 |
- |
5.0 |
5.5 |
|
Capital Lease Payments Due in 2-3 Years |
21.5 |
17.8 |
- |
9.9 |
11.0 |
|
Capital Lease Payments Due in 4-5 Years |
21.5 |
17.8 |
- |
9.9 |
11.0 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
63.7 |
50.4 |
- |
30.6 |
33.6 |
|
Total Operating Leases, Supplemental |
- |
- |
- |
- |
370.8 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
- |
- |
89.6 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Payments Due in Year 3 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Payments Due in Year 4 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Payments Due in Year 5 |
- |
- |
- |
- |
51.5 |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
- |
- |
103.0 |
|
Operating Lease Pymts. Due in 4-5 Years |
- |
- |
- |
- |
103.0 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
- |
- |
75.0 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1138.093549 |
1152 |
1178.05 |
1067.65 |
1096.95 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
13,991.4 |
12,753.3 |
9,378.6 |
8,665.8 |
10,674.3 |
|
Short Term Investments |
8,318.0 |
10,578.0 |
9,084.9 |
9,197.2 |
9,692.0 |
|
Cash and Short Term Investments |
22,309.4 |
23,331.3 |
18,463.5 |
17,863.0 |
20,366.3 |
|
Accounts Receivable -
Trade, Gross |
- |
19,120.4 |
- |
- |
- |
|
Provision for Doubtful
Accounts |
- |
-186.3 |
- |
- |
- |
|
Trade Accounts Receivable - Net |
19,243.0 |
18,934.1 |
18,447.7 |
18,641.0 |
16,175.1 |
|
Other Receivables |
2,099.4 |
2,032.0 |
1,707.3 |
1,722.3 |
2,021.2 |
|
Total Receivables, Net |
21,342.4 |
20,966.2 |
20,155.0 |
20,363.3 |
18,196.3 |
|
Inventories - Finished Goods |
4,891.9 |
5,126.6 |
4,601.2 |
4,127.3 |
4,197.3 |
|
Inventories - Work In Progress |
2,743.1 |
2,666.1 |
2,471.2 |
2,673.0 |
2,480.6 |
|
Inventories - Raw Materials |
4,464.8 |
3,894.6 |
4,489.3 |
4,452.8 |
4,131.7 |
|
Inventories - Other |
3,605.4 |
3,202.4 |
3,774.8 |
3,181.5 |
3,297.4 |
|
Total Inventory |
15,705.2 |
14,889.8 |
15,336.5 |
14,434.6 |
14,107.1 |
|
Prepaid Expenses |
2,396.8 |
2,022.1 |
2,366.3 |
2,182.2 |
2,183.7 |
|
Discontinued Operations - Current Asset |
- |
- |
- |
155.8 |
- |
|
Other Current Assets |
888.4 |
858.4 |
734.2 |
679.0 |
716.2 |
|
Other Current Assets, Total |
888.4 |
858.4 |
734.2 |
834.8 |
716.2 |
|
Total Current Assets |
62,642.3 |
62,067.8 |
57,055.5 |
55,677.9 |
55,569.6 |
|
|
|
|
|
|
|
|
Buildings |
- |
16,035.5 |
- |
- |
- |
|
Land/Improvements |
- |
6,262.8 |
- |
- |
- |
|
Machinery/Equipment |
- |
83,869.9 |
- |
- |
- |
|
Construction in
Progress |
- |
6,061.2 |
- |
- |
- |
|
Other Property/Plant/Equipment |
- |
4,065.8 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
- |
116,295.2 |
- |
- |
- |
|
Accumulated Depreciation |
- |
-62,437.6 |
- |
- |
- |
|
Property/Plant/Equipment - Net |
57,990.3 |
53,857.6 |
50,642.8 |
53,744.8 |
50,305.0 |
|
Intangibles, Net |
2,925.2 |
2,912.5 |
2,893.1 |
3,116.5 |
2,617.6 |
|
LT Investment - Affiliate Companies |
7,861.7 |
7,989.7 |
7,802.4 |
8,323.3 |
7,897.4 |
|
LT Investments - Other |
3,654.7 |
2,798.3 |
2,020.6 |
2,842.9 |
2,758.1 |
|
Long Term Investments |
11,516.4 |
10,788.0 |
9,823.0 |
11,166.2 |
10,655.6 |
|
Deferred Income Tax - Long Term Asset |
1,436.7 |
1,401.1 |
1,349.5 |
1,330.1 |
1,088.7 |
|
Other Long Term Assets |
4,212.8 |
4,069.6 |
4,008.2 |
4,191.9 |
4,228.8 |
|
Other Long Term Assets, Total |
5,649.5 |
5,470.7 |
5,357.7 |
5,522.0 |
5,317.4 |
|
Total Assets |
140,723.6 |
135,096.6 |
125,772.2 |
129,227.5 |
124,465.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
10,255.2 |
8,920.8 |
9,571.4 |
8,388.1 |
8,845.1 |
|
Accrued Expenses |
5,080.6 |
6,791.4 |
5,114.9 |
4,848.6 |
4,281.5 |
|
Notes Payable/Short Term Debt |
7,886.9 |
8,380.0 |
7,034.9 |
6,837.9 |
7,225.0 |
|
Current Portion - Long Term Debt/Capital Leases |
25.3 |
26.3 |
340.3 |
427.1 |
484.2 |
|
Customer Advances |
1,363.8 |
1,259.3 |
826.6 |
809.7 |
804.7 |
|
Income Taxes Payable |
2,095.0 |
1,096.2 |
976.3 |
1,021.5 |
1,535.1 |
|
Other Payables |
7,105.3 |
7,146.5 |
5,925.7 |
5,843.8 |
6,341.7 |
|
Discontinued Operations - Current Liability |
- |
- |
- |
17.0 |
- |
|
Other Current Liabilities |
5,889.5 |
4,850.9 |
5,603.6 |
5,877.9 |
5,157.5 |
|
Other Current liabilities, Total |
16,453.6 |
14,352.9 |
13,332.1 |
13,569.9 |
13,839.0 |
|
Total Current Liabilities |
39,701.6 |
38,471.4 |
35,393.6 |
34,071.6 |
34,674.9 |
|
|
|
|
|
|
|
|
Long Term Debt |
4,170.3 |
4,201.1 |
2,940.3 |
3,009.6 |
2,818.0 |
|
Capital Lease Obligations |
103.5 |
106.7 |
- |
- |
- |
|
Total Long Term Debt |
4,273.8 |
4,307.8 |
2,940.3 |
3,009.6 |
2,818.0 |
|
Total Debt |
12,186.0 |
12,714.1 |
10,315.5 |
10,274.6 |
10,527.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,082.4 |
2,025.6 |
1,591.9 |
1,793.7 |
1,583.6 |
|
Deferred Income Tax |
2,082.4 |
2,025.6 |
1,591.9 |
1,793.7 |
1,583.6 |
|
Minority Interest |
2,117.2 |
3,685.4 |
3,643.5 |
3,727.2 |
3,825.2 |
|
Reserves |
358.6 |
315.3 |
397.2 |
387.0 |
315.7 |
|
Pension Benefits - Underfunded |
487.1 |
363.3 |
481.8 |
406.2 |
633.4 |
|
Other Long Term Liabilities |
1,115.5 |
1,205.9 |
1,215.1 |
945.8 |
1,027.8 |
|
Other Liabilities, Total |
1,961.1 |
1,884.4 |
2,094.1 |
1,739.0 |
1,976.9 |
|
Total Liabilities |
50,136.1 |
50,374.6 |
45,663.4 |
44,341.1 |
44,878.4 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
105.0 |
103.7 |
101.4 |
111.9 |
108.9 |
|
Preferred Stock - Non Redeemable, Net |
105.0 |
103.7 |
101.4 |
111.9 |
108.9 |
|
Common Stock |
683.6 |
675.4 |
660.5 |
728.7 |
709.3 |
|
Common Stock |
683.6 |
675.4 |
660.5 |
728.7 |
709.3 |
|
Additional Paid-In Capital |
3,904.0 |
3,870.8 |
3,815.7 |
5,121.2 |
4,973.3 |
|
Retained Earnings (Accumulated Deficit) |
89,317.1 |
84,672.3 |
79,500.1 |
84,700.0 |
79,286.2 |
|
Treasury Stock - Common |
-6,591.2 |
-6,544.8 |
-6,471.4 |
-7,153.2 |
-6,966.9 |
|
Unrealized Gain (Loss) |
2,337.4 |
1,833.6 |
1,829.6 |
2,687.2 |
2,497.4 |
|
Translation Adjustment |
-639.2 |
-724.1 |
-94.5 |
-1,309.5 |
-1,021.5 |
|
Other Equity |
1,470.8 |
835.0 |
767.4 |
- |
- |
|
Other Equity, Total |
831.6 |
110.9 |
672.8 |
-1,309.5 |
-1,021.5 |
|
Total Equity |
90,587.5 |
84,722.0 |
80,108.7 |
84,886.4 |
79,586.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
140,723.6 |
135,096.6 |
125,772.2 |
129,227.5 |
124,465.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
130.5 |
130.4 |
130.2 |
130.1 |
130.1 |
|
Total Common Shares Outstanding |
130.5 |
130.4 |
130.2 |
130.1 |
130.1 |
|
Treasury Shares - Common Stock Primary Issue |
16.8 |
16.9 |
17.1 |
17.2 |
17.2 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Total Preferred Stock Outstanding |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Treasury Shares - Preferred Primary Issue |
3.0 |
3.0 |
3.0 |
3.0 |
3.0 |
|
Employees |
85,874 |
101,970 |
103,052 |
100,453 |
100,973 |
|
Number of Common Shareholders |
- |
149,564 |
- |
171,683 |
- |
|
Deferred Revenue - Current |
1,363.8 |
1,259.3 |
826.6 |
809.7 |
804.7 |
|
Total Long Term Debt, Supplemental |
- |
4,339.8 |
- |
- |
- |
|
Long Term Debt Maturing within 1 Year |
- |
26.5 |
- |
- |
- |
|
Long Term Debt Maturing in Year 2 |
- |
880.0 |
- |
- |
- |
|
Long Term Debt Maturing in Year 3 |
- |
2,584.3 |
- |
- |
- |
|
Long Term Debt Maturing in Year 4 |
- |
11.0 |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
3,464.3 |
- |
- |
- |
|
Long Term Debt Maturing in 4-5 Years |
- |
11.0 |
- |
- |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
838.0 |
- |
- |
- |
|
Total Capital Leases, Supplemental |
- |
118.8 |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
- |
12.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
- |
10.7 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
- |
10.7 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
- |
10.7 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
- |
10.7 |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
- |
21.5 |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
21.5 |
- |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
63.7 |
- |
- |
- |
Annual Cash Flows
Standardized
Financials in: USD (mil) Except
for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
Depreciation |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Depreciation/Depletion |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Amortization of Intangibles |
593.7 |
472.7 |
287.1 |
217.8 |
211.4 |
|
Amortization |
593.7 |
472.7 |
287.1 |
217.8 |
211.4 |
|
Unusual Items |
225.1 |
1,105.3 |
410.9 |
695.2 |
474.6 |
|
Equity in Net Earnings (Loss) |
-1,262.9 |
-1,960.7 |
-1,342.3 |
-489.8 |
-104.8 |
|
Other Non-Cash Items |
3,640.6 |
7,878.6 |
5,495.7 |
1,521.4 |
1,080.9 |
|
Non-Cash Items |
2,602.7 |
7,023.3 |
4,564.2 |
1,726.8 |
1,450.6 |
|
Accounts Receivable |
-1,982.9 |
-1,674.0 |
-4,829.6 |
-42.4 |
-1,250.0 |
|
Inventories |
-3,671.0 |
-3,952.6 |
-998.3 |
-868.6 |
-1,784.8 |
|
Prepaid Expenses |
-24.8 |
-1,592.6 |
-1,251.6 |
-210.8 |
-224.8 |
|
Other Assets |
-480.0 |
-11.7 |
-162.4 |
-1,193.5 |
-1,394.0 |
|
Accounts Payable |
1,015.9 |
2,088.7 |
3,668.1 |
-850.9 |
416.4 |
|
Accrued Expenses |
459.1 |
1,021.8 |
308.1 |
182.1 |
1,447.3 |
|
Taxes Payable |
- |
- |
- |
-682.9 |
46.9 |
|
Other Liabilities |
1,418.1 |
-5,474.7 |
-1,904.5 |
-856.3 |
-425.8 |
|
Other Assets & Liabilities, Net |
-396.8 |
- |
- |
411.1 |
-35.7 |
|
Other Operating Cash Flow |
-2,919.4 |
-640.0 |
-1,255.4 |
- |
0.0 |
|
Changes in Working Capital |
-6,581.7 |
-10,235.0 |
-6,425.6 |
-4,112.3 |
-3,204.5 |
|
Cash from Operating Activities |
20,686.1 |
20,606.4 |
14,511.7 |
12,139.3 |
15,918.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-19,826.6 |
-18,697.2 |
-6,324.2 |
-12,800.9 |
-13,185.3 |
|
Purchase/Acquisition of Intangibles |
-599.0 |
-1,089.6 |
-430.9 |
-194.7 |
-211.3 |
|
Capital Expenditures |
-20,425.6 |
-19,786.8 |
-6,755.2 |
-12,995.6 |
-13,396.6 |
|
Sale of Business |
835.3 |
- |
- |
- |
- |
|
Sale of Fixed Assets |
342.9 |
1,062.0 |
79.1 |
268.3 |
529.2 |
|
Sale/Maturity of Investment |
651.6 |
248.3 |
37.6 |
4,778.0 |
3,599.2 |
|
Purchase of Investments |
-206.8 |
-2,097.6 |
-5,064.0 |
-3,264.3 |
-3,913.5 |
|
Sale of Intangible Assets |
8.8 |
14.4 |
44.5 |
- |
- |
|
Other Investing Cash Flow |
-262.7 |
-183.4 |
550.7 |
-715.2 |
264.9 |
|
Other Investing Cash Flow Items, Total |
1,369.1 |
-956.3 |
-4,352.2 |
1,066.7 |
479.8 |
|
Cash from Investing Activities |
-19,056.5 |
-20,743.1 |
-11,107.4 |
-11,928.8 |
-12,916.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
46.2 |
-146.0 |
12.2 |
1,024.8 |
1,056.2 |
|
Financing Cash Flow Items |
46.2 |
-146.0 |
12.2 |
1,024.8 |
1,056.2 |
|
Total Cash Dividends Paid |
-789.4 |
-1,658.5 |
-645.3 |
-1,195.3 |
-881.5 |
|
Sale/Issuance of
Common |
145.2 |
159.4 |
259.1 |
- |
- |
|
Repurchase/Retirement
of Common |
- |
- |
- |
- |
-1,964.5 |
|
Common Stock, Net |
145.2 |
159.4 |
259.1 |
- |
-1,964.5 |
|
Options Exercised |
- |
- |
- |
150.8 |
126.3 |
|
Issuance (Retirement) of Stock, Net |
145.2 |
159.4 |
259.1 |
150.8 |
-1,838.2 |
|
Short Term Debt Issued |
- |
- |
- |
607.3 |
859.0 |
|
Short Term Debt
Reduction |
882.1 |
750.8 |
-417.8 |
-1,659.9 |
-2,978.2 |
|
Short Term Debt, Net |
882.1 |
750.8 |
-417.8 |
-1,052.6 |
-2,119.2 |
|
Long Term Debt Issued |
3,543.1 |
983.9 |
244.0 |
3,949.3 |
2,720.3 |
|
Long Term Debt
Reduction |
-1,033.6 |
-263.0 |
-313.8 |
-377.3 |
-206.2 |
|
Long Term Debt, Net |
2,509.5 |
720.9 |
-69.8 |
3,571.9 |
2,514.1 |
|
Issuance (Retirement) of Debt, Net |
3,391.6 |
1,471.7 |
-487.6 |
2,519.3 |
394.9 |
|
Cash from Financing Activities |
2,793.6 |
-173.3 |
-861.5 |
2,499.6 |
-1,268.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
4,423.1 |
-310.1 |
2,542.8 |
2,710.1 |
1,732.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,837.9 |
8,778.1 |
5,409.3 |
5,299.1 |
4,543.8 |
|
Net Cash - Ending Balance |
13,261.0 |
8,468.0 |
7,952.1 |
8,009.2 |
6,276.5 |
|
Cash Interest Paid |
579.0 |
503.6 |
427.8 |
- |
- |
|
Cash Taxes Paid |
3,590.1 |
1,846.7 |
1,547.0 |
- |
- |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1107.891393 |
1095.603455 |
1101.856011 |
1120.28956 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
4,463.6 |
12,396.6 |
8,883.5 |
5,709.6 |
2,485.7 |
|
Depreciation |
3,085.5 |
11,674.7 |
8,621.8 |
5,561.0 |
2,658.8 |
|
Depreciation/Depletion |
3,085.5 |
11,674.7 |
8,621.8 |
5,561.0 |
2,658.8 |
|
Amortization of Intangibles |
164.1 |
593.7 |
426.7 |
272.6 |
129.5 |
|
Amortization |
164.1 |
593.7 |
426.7 |
272.6 |
129.5 |
|
Unusual Items |
332.9 |
225.1 |
735.5 |
353.6 |
30.9 |
|
Equity in Net Earnings (Loss) |
-324.8 |
-1,262.9 |
-984.2 |
-713.6 |
-335.3 |
|
Other Non-Cash Items |
1,367.4 |
3,640.6 |
2,230.2 |
1,207.5 |
446.0 |
|
Non-Cash Items |
1,375.4 |
2,602.7 |
1,981.4 |
847.6 |
141.6 |
|
Accounts Receivable |
-95.1 |
-1,982.9 |
-1,196.0 |
-783.6 |
1,170.7 |
|
Inventories |
-889.4 |
-3,671.0 |
-3,457.3 |
-1,161.9 |
-820.0 |
|
Prepaid Expenses |
-189.2 |
-24.8 |
-350.1 |
129.7 |
-104.9 |
|
Other Assets |
- |
-480.0 |
- |
- |
- |
|
Accounts Payable |
575.5 |
1,015.9 |
1,319.4 |
-716.5 |
-200.6 |
|
Accrued Expenses |
-1,929.4 |
459.1 |
-1,195.9 |
-1,743.9 |
-2,166.4 |
|
Other Liabilities |
985.0 |
1,418.1 |
2,117.4 |
1,929.4 |
1,276.6 |
|
Other Assets & Liabilities, Net |
-125.8 |
-396.8 |
-459.0 |
-247.2 |
-140.0 |
|
Other Operating Cash Flow |
30.5 |
-2,919.4 |
-2,455.0 |
-1,709.2 |
-553.9 |
|
Changes in Working Capital |
-1,637.9 |
-6,581.7 |
-5,676.5 |
-4,303.2 |
-1,538.4 |
|
Cash from Operating Activities |
7,450.6 |
20,686.1 |
14,236.9 |
8,087.5 |
3,877.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-6,798.2 |
-19,826.6 |
-14,639.2 |
-10,141.1 |
-4,934.0 |
|
Purchase/Acquisition of Intangibles |
-110.4 |
-599.0 |
-435.7 |
-312.0 |
-153.7 |
|
Capital Expenditures |
-6,908.7 |
-20,425.6 |
-15,074.9 |
-10,453.1 |
-5,087.6 |
|
Sale of Business |
- |
835.3 |
- |
- |
- |
|
Sale of Fixed Assets |
96.5 |
342.9 |
267.3 |
156.9 |
124.9 |
|
Sale/Maturity of Investment |
23.6 |
1,187.9 |
2,177.9 |
2,720.1 |
1,837.0 |
|
Investment, Net |
2,415.9 |
- |
- |
- |
- |
|
Purchase of Investments |
-102.4 |
-743.0 |
-451.6 |
-69.6 |
-287.1 |
|
Sale of Intangible Assets |
5.0 |
8.8 |
8.9 |
2.9 |
0.1 |
|
Other Investing Cash Flow |
-216.1 |
-262.7 |
-517.3 |
-648.1 |
-61.5 |
|
Other Investing Cash Flow Items, Total |
2,222.5 |
1,369.1 |
1,485.2 |
2,162.2 |
1,613.4 |
|
Cash from Investing Activities |
-4,686.1 |
-19,056.5 |
-13,589.7 |
-8,290.9 |
-3,474.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-797.8 |
46.2 |
325.4 |
-68.3 |
324.2 |
|
Financing Cash Flow Items |
-797.8 |
46.2 |
325.4 |
-68.3 |
324.2 |
|
Total Cash Dividends Paid |
-256.5 |
-789.4 |
-766.8 |
-683.2 |
-2.0 |
|
Sale/Issuance of
Common |
35.0 |
145.2 |
72.7 |
62.5 |
56.6 |
|
Common Stock, Net |
35.0 |
145.2 |
72.7 |
62.5 |
56.6 |
|
Issuance (Retirement) of Stock, Net |
35.0 |
145.2 |
72.7 |
62.5 |
56.6 |
|
Short Term Debt
Reduction |
- |
- |
- |
- |
-262.0 |
|
Short Term Debt, Net |
-630.0 |
882.1 |
-398.0 |
-871.7 |
-262.0 |
|
Long Term Debt Issued |
- |
3,543.1 |
2,165.4 |
1,926.2 |
1,737.5 |
|
Long Term Debt
Reduction |
-26.1 |
-1,033.6 |
-898.5 |
-651.7 |
-545.6 |
|
Long Term Debt, Net |
-26.1 |
2,509.5 |
1,266.9 |
1,274.5 |
1,191.9 |
|
Issuance (Retirement) of Debt, Net |
-656.2 |
3,391.6 |
868.9 |
402.8 |
929.9 |
|
Cash from Financing Activities |
-1,675.4 |
2,793.6 |
500.2 |
-286.2 |
1,308.7 |
|
|
|
|
|
|
|
|
Net Change in Cash |
1,089.1 |
4,423.1 |
1,147.3 |
-489.6 |
1,711.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12,989.7 |
8,837.9 |
8,937.0 |
8,886.3 |
8,740.1 |
|
Net Cash - Ending Balance |
14,078.7 |
13,261.0 |
10,084.3 |
8,396.7 |
10,451.9 |
|
Cash Interest Paid |
149.0 |
579.0 |
432.7 |
200.3 |
89.6 |
|
Cash Taxes Paid |
456.3 |
3,590.1 |
2,854.5 |
2,167.5 |
850.0 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Total Revenues |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
Total Revenue |
148,933.2 |
133,730.6 |
106,804.5 |
110,211.2 |
106,015.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
101,223.9 |
88,790.5 |
74,111.5 |
81,560.4 |
76,283.0 |
|
Research & Develop. |
9,008.0 |
7,869.5 |
5,787.2 |
1,047.7 |
1,176.6 |
|
Salaries & Wages |
3,205.7 |
2,917.4 |
2,051.3 |
2,319.1 |
2,244.2 |
|
Retirement Allowance |
134.3 |
134.8 |
89.3 |
131.6 |
166.9 |
|
Commissions Paid |
5,358.6 |
5,854.4 |
4,803.0 |
3,585.7 |
3,488.4 |
|
Depreciation Expense |
332.3 |
303.6 |
251.8 |
241.3 |
254.5 |
|
Amort of Intangibles |
271.2 |
196.5 |
61.2 |
112.4 |
96.6 |
|
Advertising Expenses |
2,691.8 |
2,839.1 |
2,117.6 |
2,417.6 |
1,837.2 |
|
Sales Promotional Expenses |
4,196.5 |
2,829.8 |
2,676.8 |
- |
- |
|
Marketing Expenses |
- |
- |
- |
3,188.9 |
2,164.6 |
|
Shipping/Handling |
3,420.4 |
3,553.5 |
2,611.6 |
2,245.4 |
1,941.4 |
|
After Service Expenses |
2,532.5 |
2,122.8 |
1,913.0 |
- |
- |
|
Public Relations Expense |
472.2 |
427.7 |
369.0 |
- |
- |
|
Other Selling and Administrative Expense |
2,135.8 |
1,516.4 |
1,358.6 |
- |
- |
|
Amort. of Bad Debts |
- |
- |
- |
483.1 |
183.4 |
|
IR Expenses |
- |
- |
- |
568.3 |
409.1 |
|
Research Expense |
- |
- |
- |
2,433.1 |
2,533.2 |
|
Misc Selling & Admin |
- |
- |
- |
2,568.2 |
2,210.5 |
|
Warranty Expenses |
- |
- |
- |
1,827.7 |
1,367.8 |
|
Stock Compensation |
- |
- |
- |
- |
0.8 |
|
L-Secs. for Sale Reduction |
- |
- |
- |
- |
1.6 |
|
Dividend Income |
-31.1 |
-28.4 |
-22.0 |
- |
- |
|
Commission Income |
-23.8 |
-18.7 |
-63.1 |
- |
- |
|
Rental Income |
-83.2 |
-83.5 |
-72.7 |
- |
- |
|
Gain-Sale of Investment Assets |
-201.8 |
-356.9 |
-35.3 |
- |
- |
|
Gain-Sale of Property, Plant and Equ |
-102.6 |
-244.7 |
-42.7 |
- |
- |
|
Gain-Transfer of Business |
-959.3 |
-155.2 |
0.0 |
- |
- |
|
Other Non-Operating Revenues |
-784.4 |
-630.7 |
-420.3 |
- |
- |
|
Other Allowance for Doubtful Accounts |
13.0 |
13.2 |
5.3 |
- |
- |
|
Loss on Disposal of Investment Assets |
5.4 |
- |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
88.0 |
- |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
168.6 |
- |
- |
- |
- |
|
Losses on Sale of Property, Plant and Eq |
98.7 |
238.8 |
94.1 |
- |
- |
|
Donations |
245.8 |
189.3 |
86.8 |
- |
- |
|
Others in Other Operating Expense |
849.2 |
492.7 |
512.8 |
- |
- |
|
Total Operating Expense |
134,265.9 |
118,771.9 |
98,245.0 |
104,730.5 |
96,359.9 |
|
|
|
|
|
|
|
|
Interest Income |
636.9 |
482.7 |
282.8 |
558.1 |
500.7 |
|
Dividend Income |
- |
- |
- |
22.9 |
19.8 |
|
Commission Income |
- |
- |
- |
84.9 |
58.3 |
|
Rental Income |
- |
- |
- |
47.8 |
46.0 |
|
Gain Disp of Mkt Sec |
- |
- |
- |
86.3 |
67.8 |
|
Gain on Foreign Currency Transactions |
5,038.5 |
5,199.9 |
6,032.2 |
6,577.2 |
1,971.2 |
|
G-For Exch Translatn |
486.2 |
429.4 |
1,036.1 |
404.0 |
137.6 |
|
Other Financial Income |
- |
344.1 |
269.7 |
- |
- |
|
Gain on Valuations of Derivatives |
72.3 |
- |
- |
- |
- |
|
Gain on Derivatives Transaction |
448.6 |
- |
- |
- |
- |
|
Interest Expenses |
-581.4 |
-502.6 |
-419.4 |
-609.0 |
-316.6 |
|
L-For Curr Transactn |
-5,625.3 |
-5,426.7 |
-6,388.6 |
-6,903.4 |
-1,989.9 |
|
L-For Exch Translatn |
-499.4 |
-358.1 |
-825.9 |
-848.6 |
-125.1 |
|
Other Financial Expense |
- |
-372.0 |
-337.3 |
- |
- |
|
Loss on Valuation of Derivatives |
-53.9 |
- |
- |
- |
- |
|
Loss on Derivative Transaction |
-364.7 |
- |
- |
- |
- |
|
Gain Disposal Assets |
- |
- |
- |
100.8 |
115.7 |
|
Miscellaneous Income |
- |
- |
- |
1,001.7 |
841.4 |
|
Other Amortization |
- |
- |
- |
- |
-2.6 |
|
Loss on Disp of AR |
- |
- |
- |
- |
-319.0 |
|
Loss Disp of Mkt Sec |
- |
- |
- |
-24.5 |
-1.9 |
|
Donations Paid |
- |
- |
- |
-137.0 |
-207.1 |
|
Loss Disp Tang. Ast |
- |
- |
- |
-56.6 |
-77.4 |
|
Miscellaneous Exp. |
- |
- |
- |
-569.8 |
-414.0 |
|
Gain under Equity Method |
1,262.9 |
1,960.7 |
1,342.3 |
951.5 |
702.2 |
|
Loss Under Equity Method |
- |
- |
- |
-190.2 |
-295.8 |
|
Net Income Before Taxes |
15,488.0 |
16,716.2 |
9,551.7 |
5,976.7 |
10,367.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3,091.4 |
2,752.0 |
1,904.6 |
624.7 |
1,840.2 |
|
Net Income After Taxes |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
-338.4 |
-300.5 |
-148.0 |
-331.0 |
-540.7 |
|
Net Income Before Extra. Items |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
Net Income |
12,058.2 |
13,663.7 |
7,499.0 |
5,021.0 |
7,986.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-1,594.2 |
-172.6 |
-125.2 |
-679.4 |
-1,242.6 |
|
Participated Preferred Dividends |
- |
-1,640.5 |
-880.6 |
- |
- |
|
Income Available to Com Excl E |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
130.2 |
129.3 |
127.7 |
126.8 |
126.6 |
|
Basic EPS Excluding ExtraOrdin |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Basic EPS Including ExtraOrdin |
80.40 |
91.67 |
50.84 |
34.24 |
53.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
10,464.0 |
11,850.6 |
6,493.1 |
4,341.6 |
6,743.5 |
|
Diluted Weighted Average Share |
130.2 |
129.7 |
128.3 |
128.0 |
128.1 |
|
Diluted EPS Excluding ExtraOrd |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
Diluted EPS Including ExtraOrd |
80.40 |
91.39 |
50.60 |
33.93 |
52.65 |
|
DPS-Common Stock |
4.96 |
8.65 |
6.27 |
5.00 |
8.61 |
|
Gross Dividends - Common Stock |
647.2 |
1,121.7 |
803.5 |
634.8 |
1,088.4 |
|
Normalized Income Before Taxes |
14,781.4 |
16,555.1 |
9,603.1 |
5,932.5 |
10,652.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
2,950.4 |
2,725.5 |
1,914.9 |
620.1 |
1,890.3 |
|
Normalized Income After Taxes |
11,831.0 |
13,829.6 |
7,688.2 |
5,312.4 |
8,762.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
9,898.4 |
11,716.0 |
6,534.3 |
4,302.0 |
6,978.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
76.05 |
90.63 |
51.16 |
33.93 |
55.13 |
|
Diluted Normalized EPS |
76.05 |
90.35 |
50.92 |
33.62 |
54.49 |
|
Interest Expense |
581.4 |
502.6 |
419.4 |
609.0 |
316.6 |
|
Advertising Expense |
6,888.4 |
5,668.9 |
4,794.4 |
5,606.5 |
4,001.8 |
|
R&D Expense, Supplemental |
9,008.0 |
7,869.5 |
5,787.2 |
3,480.8 |
6,536.9 |
|
Depreciation |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Amort of Intangibles, Suppleme |
593.7 |
472.7 |
287.1 |
217.8 |
208.0 |
|
Amort. of Acquisition Costs |
- |
- |
- |
- |
3.4 |
|
Amort. of Nega. Acquisition Costs |
- |
- |
- |
- |
-0.2 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1145.271505 |
1082.999462 |
1083.436022 |
1120.28956 |
|
|
|
|
|
|
|
|
Sales Revenue |
40,025.7 |
41,303.7 |
38,110.8 |
36,401.6 |
33,013.8 |
|
Total Revenue |
40,025.7 |
41,303.7 |
38,110.8 |
36,401.6 |
33,013.8 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
26,646.7 |
27,512.5 |
25,627.2 |
24,761.2 |
23,256.9 |
|
Salaries and Wages |
- |
- |
- |
- |
763.3 |
|
Retirement and Severance Benefits |
- |
- |
- |
- |
33.3 |
|
Commissions |
- |
- |
- |
- |
1,350.2 |
|
Depreciation |
- |
- |
- |
- |
80.1 |
|
Amortization of Intangible Assets |
- |
- |
- |
- |
56.2 |
|
Advertising Expenses |
- |
- |
- |
- |
352.2 |
|
Sales Promotional Expenses |
- |
- |
- |
- |
720.0 |
|
Freight Expenses |
- |
- |
- |
- |
783.8 |
|
Warranty Expenses |
- |
- |
- |
- |
518.6 |
|
Public Relations Expense |
- |
- |
- |
- |
72.8 |
|
Other Selling and Administrative Expense |
- |
- |
- |
- |
438.7 |
|
Dividend Income |
- |
- |
- |
- |
-23.8 |
|
Commission Income |
- |
- |
- |
- |
-4.6 |
|
Rental Income |
- |
- |
- |
- |
-20.9 |
|
Gain-Sale of Investment Assets |
- |
- |
- |
- |
-13.9 |
|
Gain-Sale of Property, Plant and Equ |
- |
- |
- |
- |
-54.0 |
|
Other Non-Operating Revenues-Other |
- |
- |
- |
- |
-159.3 |
|
Other Allowance for Doubtful Accounts |
- |
- |
- |
- |
2.5 |
|
Losses on Sale of Property, Plant and Eq |
- |
- |
- |
- |
12.1 |
|
Donations |
- |
- |
- |
- |
28.5 |
|
Other Non-Operating Expenses-Other |
- |
- |
- |
- |
96.7 |
|
R & D Expenses |
2,412.3 |
2,394.6 |
2,243.0 |
2,274.4 |
2,092.4 |
|
Selling and Administrative Expenses |
5,983.1 |
7,384.9 |
6,278.1 |
5,883.1 |
- |
|
Other Operating Income |
-342.2 |
-1,394.7 |
-238.2 |
-237.1 |
- |
|
Other Operating Income |
153.1 |
781.8 |
273.6 |
257.2 |
- |
|
Total Operating Expense |
34,853.1 |
36,679.1 |
34,183.8 |
32,938.7 |
30,381.9 |
|
|
|
|
|
|
|
|
Interest Income |
164.2 |
185.8 |
164.2 |
152.5 |
133.8 |
|
Gains on Foreign Currency Transactions |
1,099.7 |
1,830.0 |
1,684.5 |
1,019.3 |
497.8 |
|
Gains on Foreign Currency Translation |
377.9 |
-855.7 |
719.9 |
137.0 |
527.1 |
|
Other Financial Income |
157.8 |
136.7 |
236.4 |
65.9 |
83.2 |
|
Interest Expenses |
-137.4 |
-165.5 |
-155.3 |
-136.7 |
-123.4 |
|
Losses on Foreign Currency Transactions |
-928.2 |
-2,111.0 |
-1,876.1 |
-1,051.0 |
-574.9 |
|
Losses on Foreign Currency Translation |
-347.1 |
960.2 |
-1,042.2 |
-83.3 |
-387.4 |
|
Other Financial Expense |
-269.8 |
-105.0 |
-112.6 |
-101.7 |
-99.3 |
|
Gain under Equity Method |
324.8 |
280.2 |
269.7 |
379.0 |
335.3 |
|
Net Income Before Taxes |
5,614.6 |
4,780.1 |
3,815.5 |
3,843.9 |
3,024.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1,151.0 |
1,286.3 |
637.6 |
607.5 |
538.3 |
|
Net Income After Taxes |
4,463.6 |
3,493.7 |
3,177.9 |
3,236.3 |
2,485.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-165.8 |
-99.4 |
-130.7 |
-45.6 |
-62.6 |
|
Net Income Before Extra. Items |
4,297.7 |
3,394.3 |
3,047.2 |
3,190.7 |
2,423.2 |
|
Net Income |
4,297.7 |
3,394.3 |
3,047.2 |
3,190.7 |
2,423.2 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-567.8 |
-440.7 |
-403.4 |
-425.9 |
-353.5 |
|
Income Available to Com Excl ExtraOrd |
3,730.0 |
2,953.6 |
2,643.8 |
2,764.9 |
2,069.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
3,730.0 |
2,953.6 |
2,643.8 |
2,764.9 |
2,069.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
130.4 |
130.3 |
130.2 |
130.1 |
130.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
28.59 |
22.67 |
20.31 |
21.25 |
15.92 |
|
Basic EPS Including ExtraOrdinary Item |
28.59 |
22.67 |
20.31 |
21.25 |
15.92 |
|
Dilution Adjustment |
0.4 |
0.0 |
0.6 |
0.0 |
0.0 |
|
Diluted Net Income |
3,730.4 |
2,953.6 |
2,644.4 |
2,764.9 |
2,069.6 |
|
Diluted Weighted Average Shares |
130.6 |
130.3 |
130.4 |
130.4 |
130.3 |
|
Diluted EPS Excluding ExtraOrd Items |
28.57 |
22.67 |
20.28 |
21.20 |
15.88 |
|
Diluted EPS Including ExtraOrd Items |
28.57 |
22.67 |
20.28 |
21.20 |
15.88 |
|
DPS-Common Stock |
0.00 |
4.37 |
0.00 |
0.46 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
569.2 |
0.0 |
60.1 |
0.0 |
|
Normalized Income Before Taxes |
5,614.6 |
4,780.1 |
3,815.5 |
3,843.9 |
2,982.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1,151.0 |
1,286.3 |
637.6 |
607.5 |
530.8 |
|
Normalized Income After Taxes |
4,463.6 |
3,493.7 |
3,177.9 |
3,236.3 |
2,451.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,730.0 |
2,953.6 |
2,643.8 |
2,764.9 |
2,035.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
28.59 |
22.67 |
20.31 |
21.25 |
15.65 |
|
Diluted Normalized EPS |
28.57 |
22.67 |
20.28 |
21.20 |
15.62 |
|
Interest Expense, Supplemental |
137.4 |
165.5 |
155.3 |
136.7 |
123.4 |
|
Advertising Expense, Supplemental |
1,527.9 |
2,424.6 |
1,791.7 |
1,581.2 |
1,072.2 |
|
R&D Expense, Supplemental |
2,412.3 |
2,394.6 |
2,243.0 |
2,274.4 |
2,092.4 |
|
Depreciation, Supplemental |
3,085.5 |
3,045.8 |
3,064.3 |
2,906.3 |
2,658.8 |
|
Amort of Intangibles, Supplemental |
164.1 |
166.2 |
154.3 |
143.3 |
129.5 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
12,753.3 |
8,627.6 |
8,716.3 |
6,998.2 |
6,230.4 |
|
Short-term Financial Instruments |
10,008.6 |
10,158.9 |
7,410.3 |
- |
- |
|
ST Available-for-Sale Financial Assets |
569.4 |
1,021.4 |
1,807.2 |
- |
- |
|
ST Deposits |
- |
- |
- |
2,851.3 |
5,407.7 |
|
ST Secs for Sale |
- |
- |
- |
779.7 |
985.9 |
|
ST Secs-Maturity |
- |
- |
- |
- |
0.1 |
|
ST Loans |
- |
- |
- |
- |
155.2 |
|
Advance Sec. Dep |
- |
- |
- |
- |
140.6 |
|
Trade Rcvb Gross |
19,120.4 |
16,985.9 |
15,394.7 |
9,633.4 |
11,944.4 |
|
Receivable from Relative Parties |
92.9 |
54.3 |
37.6 |
- |
- |
|
Doubtful Account |
-186.3 |
-163.7 |
-110.8 |
-71.3 |
-59.3 |
|
Current Potion of LT Trade Receivable |
-32.1 |
0.0 |
-19.5 |
- |
- |
|
Other Rcvbls |
1,971.3 |
1,899.5 |
1,698.7 |
1,237.2 |
1,056.7 |
|
ST Loan Rcvbl |
- |
- |
- |
4,975.2 |
5,955.9 |
|
Advance Payments |
1,246.8 |
1,147.6 |
1,345.6 |
1,078.1 |
1,114.4 |
|
Prepaid Expenses |
2,022.1 |
1,939.1 |
1,254.2 |
1,533.5 |
1,380.6 |
|
Deferred Taxes |
- |
- |
- |
1,695.1 |
1,643.0 |
|
Accrued Income |
- |
- |
- |
- |
266.1 |
|
Other Quick Asst |
858.4 |
657.4 |
570.5 |
630.9 |
28.5 |
|
Finished Goods & Merchandises |
5,126.6 |
3,975.1 |
2,585.3 |
- |
- |
|
Semi-finish Good&Work in Progress |
2,666.1 |
2,308.3 |
1,632.8 |
- |
- |
|
Raw Materials&Supplies |
3,894.6 |
3,665.4 |
2,738.0 |
- |
- |
|
Goods in Transit |
1,955.6 |
1,827.1 |
1,493.5 |
1,001.4 |
1,734.1 |
|
Merchandise |
- |
- |
- |
296.8 |
234.8 |
|
Finished Goods |
- |
- |
- |
2,124.6 |
2,265.1 |
|
Parts Manufact |
- |
- |
- |
67.9 |
- |
|
Semi-finish Good |
- |
- |
- |
1,573.9 |
116.0 |
|
Work in Progress |
- |
- |
- |
- |
1,695.4 |
|
Raw Materials |
- |
- |
- |
2,120.1 |
2,136.2 |
|
Supplies |
- |
- |
- |
351.9 |
331.6 |
|
Total Current Assets |
62,067.8 |
54,104.0 |
46,554.3 |
38,877.8 |
44,763.6 |
|
|
|
|
|
|
|
|
Available-for-Sale Financial Assets |
2,798.3 |
2,678.8 |
1,278.8 |
2,078.7 |
3,965.9 |
|
Affiliates Investment |
7,989.7 |
7,344.5 |
6,298.7 |
3,459.1 |
4,040.8 |
|
LT Finl Assets |
- |
- |
- |
- |
1.2 |
|
LT Secs-Maturity |
- |
- |
- |
265.5 |
157.3 |
|
LT Loans |
- |
- |
- |
- |
351.6 |
|
Other Inv Assets |
- |
- |
- |
288.5 |
25.8 |
|
Guarantee Dep. |
- |
- |
- |
710.8 |
848.0 |
|
Other LT Assets |
- |
- |
- |
21.9 |
- |
|
LT Acct Rcvb Net |
- |
- |
- |
- |
45.6 |
|
LT Loans Rcvbl |
- |
- |
- |
2,941.4 |
4,059.6 |
|
Land |
6,262.8 |
5,843.2 |
6,026.5 |
2,550.2 |
3,369.8 |
|
Buildings |
- |
- |
- |
- |
10,582.7 |
|
Buildings Depre. |
- |
- |
- |
- |
-2,615.2 |
|
Buildings & Structure |
16,035.5 |
13,266.1 |
11,967.9 |
7,672.7 |
- |
|
Buildings & Structure Depreciation |
-4,942.8 |
-4,179.6 |
-3,505.8 |
-502.0 |
- |
|
Structures |
- |
- |
- |
- |
568.1 |
|
Structure Depre. |
- |
- |
- |
- |
-202.6 |
|
Tools/Equip./Fix |
- |
- |
- |
- |
3,261.5 |
|
Tool/Equip Depr. |
- |
- |
- |
- |
-2,228.7 |
|
Machinery/Equip. |
83,869.9 |
71,774.2 |
61,732.7 |
25,917.1 |
60,613.3 |
|
Mach/Equip Depre |
-54,830.7 |
-48,446.5 |
-42,592.4 |
-6,840.9 |
-37,194.7 |
|
Transport Equip. |
- |
- |
- |
- |
308.8 |
|
Transport Deprec |
- |
- |
- |
- |
-112.3 |
|
Construction in Prgo/Mach.In Transit |
- |
- |
- |
3,997.5 |
- |
|
Construc in Prog |
6,061.2 |
7,263.9 |
2,933.7 |
- |
3,405.9 |
|
Mach.In Transit |
- |
- |
- |
- |
177.7 |
|
Other Tangible Assets |
4,065.8 |
3,654.8 |
3,088.2 |
1,426.4 |
- |
|
Other Tangible Assets, Depreciation |
-2,664.1 |
-2,507.2 |
-2,243.2 |
-481.8 |
- |
|
Intel Prop Right |
854.0 |
530.3 |
389.5 |
- |
- |
|
Develop Costs |
410.6 |
294.8 |
184.2 |
- |
- |
|
Membership Right |
171.8 |
168.7 |
157.7 |
- |
- |
|
Goodwill |
454.3 |
503.5 |
71.7 |
7.8 |
28.5 |
|
Indust.-Patent |
- |
- |
- |
322.2 |
336.4 |
|
Other Intangible |
1,021.7 |
951.7 |
275.6 |
295.0 |
387.9 |
|
Deposits Provided |
687.4 |
577.7 |
499.9 |
- |
- |
|
LT Prepaid Expen |
2,998.4 |
3,123.2 |
2,095.9 |
292.9 |
523.2 |
|
LA Defer Tax Dbt |
1,401.1 |
990.4 |
903.1 |
301.0 |
284.5 |
|
Other Non-current Assets |
383.8 |
389.8 |
218.1 |
- |
- |
|
Neg Goodwill |
- |
- |
- |
- |
0.0 |
|
Total Assets |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
8,920.8 |
8,061.2 |
7,072.0 |
4,435.8 |
6,450.4 |
|
Accounts Payable |
7,146.5 |
6,080.8 |
4,557.8 |
4,060.6 |
4,125.5 |
|
Inc. Taxes Pay. |
1,096.2 |
1,807.6 |
965.6 |
536.3 |
1,435.8 |
|
Accrued Expenses |
6,791.4 |
6,258.2 |
5,105.6 |
6,277.8 |
7,241.0 |
|
Customer Advance |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Deposit Withheld |
1,488.8 |
927.4 |
725.6 |
458.0 |
415.6 |
|
ST Borrowings |
8,380.0 |
7,427.7 |
6,681.1 |
7,166.6 |
9,030.6 |
|
Current Port LTD |
26.3 |
990.3 |
201.2 |
1,797.0 |
2,122.9 |
|
Curent Liability |
3,050.8 |
2,571.1 |
2,753.1 |
- |
- |
|
Deferred Taxes |
- |
- |
- |
2.0 |
5.0 |
|
Other Cur Liabs. |
311.3 |
293.7 |
209.2 |
231.5 |
130.4 |
|
Total Current Liability |
38,471.4 |
35,196.7 |
29,373.3 |
25,570.3 |
31,831.6 |
|
|
|
|
|
|
|
|
Bonds |
1,111.2 |
517.5 |
192.5 |
3,435.9 |
3,153.3 |
|
Non-Current Borrowings |
3,089.9 |
473.1 |
992.8 |
1,458.4 |
1,197.3 |
|
Capital Lease |
106.7 |
85.9 |
- |
- |
- |
|
Total Long Term Debt |
4,307.8 |
1,076.5 |
1,185.3 |
4,894.3 |
4,350.6 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
889.6 |
945.2 |
962.7 |
534.9 |
682.4 |
|
Long-Term Accrued Expenses |
106.5 |
108.8 |
130.2 |
141.1 |
45.9 |
|
LT Advances Received |
- |
- |
- |
- |
180.5 |
|
Other LT Liabs. |
209.8 |
27.5 |
27.1 |
648.6 |
511.4 |
|
LL Defer Tax Crd |
2,025.6 |
1,456.2 |
1,073.4 |
1,180.0 |
1,565.7 |
|
Retire Reserve |
363.3 |
526.8 |
645.2 |
675.0 |
790.5 |
|
Long-term Liability |
315.3 |
260.2 |
209.9 |
- |
- |
|
Minority Int. |
3,685.4 |
3,312.7 |
2,988.6 |
3,816.4 |
4,600.4 |
|
Total Liabilities |
50,374.6 |
42,910.6 |
36,595.7 |
37,460.7 |
44,559.0 |
|
|
|
|
|
|
|
|
Common Stock |
675.4 |
685.6 |
668.2 |
617.7 |
831.2 |
|
Preferred Stock |
103.7 |
105.3 |
102.6 |
94.8 |
127.6 |
|
Additional Paid-in Capital |
3,822.8 |
3,880.4 |
3,781.9 |
5,231.1 |
7,024.2 |
|
Cons Retain Earn |
- |
- |
- |
4,410.3 |
54,553.9 |
|
Othr Capital Adj |
- |
- |
- |
-57.8 |
-69.9 |
|
Stock Options |
- |
- |
- |
306.4 |
507.7 |
|
Retained Earnings or Accumulated Deficit |
84,672.3 |
- |
- |
- |
- |
|
Legal Reserve |
- |
397.2 |
387.1 |
357.9 |
- |
|
Voluntary Reserve |
- |
55,241.7 |
46,570.2 |
39,231.3 |
- |
|
Loss-Valuation of Derivatives |
- |
- |
- |
-13.4 |
- |
|
Retained Earnings Before Appropriations |
- |
19,270.3 |
14,070.4 |
- |
- |
|
G-Sec for Sale V |
- |
- |
- |
676.8 |
1,528.6 |
|
L-Sec for Sale V |
- |
- |
- |
-1.4 |
-1.4 |
|
Capital Change Under Equity Method |
- |
- |
- |
204.3 |
268.8 |
|
Capital Change Under Equity Method(Loss) |
- |
- |
- |
-10.7 |
-8.6 |
|
Treasury Stock |
-6,544.8 |
-6,839.3 |
-7,217.7 |
-7,074.1 |
-9,783.1 |
|
Stock Options in Other Capital Adjustmen |
48.0 |
113.1 |
183.0 |
- |
- |
|
Gains on Valuation of Available for Sale |
903.5 |
1,416.9 |
585.3 |
- |
- |
|
Gains on Valuation of Equity Method Secu |
930.1 |
1,044.4 |
685.2 |
- |
- |
|
Losses on Cumulative Effect of Foreign C |
-724.1 |
-843.8 |
-640.4 |
- |
- |
|
Other Capital |
835.0 |
944.1 |
563.7 |
- |
- |
|
Currency Adjus. |
- |
- |
- |
2,167.7 |
216.5 |
|
Total Equity |
84,722.0 |
75,415.9 |
59,739.4 |
46,141.1 |
55,195.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
135,096.6 |
118,326.5 |
96,335.1 |
83,601.8 |
99,754.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
Total Common Shares Outstandin |
130.4 |
129.8 |
128.3 |
127.0 |
126.4 |
|
T/S-Common Stock |
16.9 |
17.5 |
19.0 |
20.3 |
20.9 |
|
S/O-Preferred Stock |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Total Preferred Shares Outstan |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
T/S-Preferred Stock |
3.0 |
3.0 |
3.0 |
3.0 |
3.0 |
|
Deferred Revenue - Current |
1,259.3 |
778.6 |
1,102.1 |
604.7 |
874.6 |
|
Deferred Revenue - Long-Term |
- |
- |
- |
- |
180.5 |
|
Full-Time Employees |
101,970 |
95,659 |
85,085 |
84,462 |
84,721 |
|
Number of Common Shareholders |
149,564 |
144,522 |
117,325 |
156,539 |
133,301 |
|
Long-Term Debts Due in 1 Year |
26.5 |
990.5 |
- |
1,797.6 |
2,088.1 |
|
Long-Term Debts Due in 2 Years |
880.0 |
44.9 |
- |
2,666.8 |
1,877.4 |
|
Long-Term Debts Due in 3 Years |
2,584.3 |
900.0 |
- |
1,964.6 |
1,831.6 |
|
Long-Term Debts Due in 4 Years |
11.0 |
16.6 |
- |
55.5 |
432.6 |
|
Long-Term Debts Due in 5 Years |
- |
- |
- |
- |
23.5 |
|
Long-Term Debts Due Remaining |
838.0 |
118.3 |
- |
214.1 |
194.0 |
|
Total Long Term Debt, Supplemental |
4,339.8 |
2,070.4 |
- |
6,698.6 |
6,447.1 |
|
Capital Lease Due in 1 Year |
12.1 |
8.5 |
- |
7.0 |
6.7 |
|
Capital Lease Due in 5 Years |
43.0 |
35.6 |
- |
19.9 |
22.0 |
|
Capital Lease Due Remaining |
63.7 |
50.4 |
- |
30.6 |
33.6 |
|
Total Capital Leases |
118.8 |
94.4 |
- |
57.5 |
62.3 |
|
Operating Lease Pymts Due within 1Yr |
- |
- |
- |
- |
89.6 |
|
Operating Lease Pymts Due within 5Yr |
- |
- |
- |
- |
206.1 |
|
Operating Lease-Remaining Maturities |
- |
- |
- |
- |
75.0 |
|
Total Operating Leases |
- |
- |
- |
- |
370.8 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1138.093549 |
1152 |
1178.05 |
1067.65 |
1096.95 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
13,991.4 |
12,753.3 |
9,378.6 |
8,665.8 |
10,674.3 |
|
Short-term Financial Instruments |
7,919.9 |
10,008.6 |
8,527.5 |
8,580.7 |
8,958.1 |
|
ST Available-for-Sale Financial Assets |
398.1 |
569.4 |
557.4 |
616.5 |
733.9 |
|
Current Assets Held for Sale |
- |
- |
- |
155.8 |
- |
|
Trade Receivable |
19,243.0 |
- |
18,447.7 |
18,641.0 |
16,175.1 |
|
Trade Receivable |
- |
19,120.4 |
- |
- |
- |
|
Receivable from Relative Parties |
- |
92.9 |
- |
- |
- |
|
Provision for Doubtful Accounts |
- |
-186.3 |
- |
- |
- |
|
Current Potion of LT Trade Receivable |
- |
-32.1 |
- |
- |
- |
|
Other Receivables |
2,099.4 |
1,971.3 |
1,707.3 |
1,722.3 |
2,021.2 |
|
Prepaid Expenses Total |
2,396.8 |
2,022.1 |
2,366.3 |
2,182.2 |
2,183.7 |
|
Advance Payments |
1,333.3 |
1,246.8 |
1,220.3 |
1,265.2 |
1,183.7 |
|
Other Current Assets |
888.4 |
858.4 |
734.2 |
679.0 |
716.2 |
|
Finished Goods & Merchandises |
4,891.9 |
5,126.6 |
4,601.2 |
4,127.3 |
4,197.3 |
|
Goods in Transit |
2,272.1 |
1,955.6 |
2,554.5 |
1,916.4 |
2,113.7 |
|
Raw Materials&Supplies |
4,464.8 |
3,894.6 |
4,489.3 |
4,452.8 |
4,131.7 |
|
Semi-finish Good&Work in Progress |
2,743.1 |
2,666.1 |
2,471.2 |
2,673.0 |
2,480.6 |
|
Total Current Assets |
62,642.3 |
62,067.8 |
57,055.5 |
55,677.9 |
55,569.6 |
|
|
|
|
|
|
|
|
Deposits Provided |
720.8 |
687.4 |
650.6 |
673.6 |
619.9 |
|
Other Non-current Assets |
480.1 |
383.8 |
373.6 |
417.6 |
462.0 |
|
Long-term Prepaid Expenses |
3,012.0 |
2,998.4 |
2,984.0 |
3,100.7 |
3,146.8 |
|
Available-for-Sale Financial Assets |
3,654.7 |
2,798.3 |
2,020.6 |
2,842.9 |
2,758.1 |
|
Affiliates&Joint Venture Investment |
7,861.7 |
7,989.7 |
7,802.4 |
8,323.3 |
7,897.4 |
|
Tangible Assets, Net |
57,990.3 |
- |
50,642.8 |
53,744.8 |
50,305.0 |
|
Land |
- |
6,262.8 |
- |
- |
- |
|
Buildings & Structure |
- |
16,035.5 |
- |
- |
- |
|
Buildings & Structure Depreciation |
- |
-4,942.8 |
- |
- |
- |
|
Machinery/Equip. |
- |
83,869.9 |
- |
- |
- |
|
Mach/Equip Depre |
- |
-54,830.7 |
- |
- |
- |
|
Construc in Prog |
- |
6,061.2 |
- |
- |
- |
|
Other Tangible Assets |
- |
4,065.8 |
- |
- |
- |
|
Other Tangible Assets, Depreciation |
- |
-2,664.1 |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
- |
2,617.6 |
|
Intel Prop Right |
- |
854.0 |
- |
- |
- |
|
Develop Costs |
- |
410.6 |
- |
- |
- |
|
Membership Right |
- |
171.8 |
- |
- |
- |
|
Goodwill |
- |
454.3 |
- |
- |
- |
|
Other Intangible |
- |
1,021.7 |
- |
- |
- |
|
Intangible Assets |
2,925.2 |
- |
2,893.1 |
3,116.5 |
- |
|
Deferred Income Taxes Assets Non-current |
1,436.7 |
1,401.1 |
1,349.5 |
1,330.1 |
1,088.7 |
|
Total Assets |
140,723.6 |
135,096.6 |
125,772.2 |
129,227.5 |
124,465.2 |
|
|
|
|
|
|
|
|
Trade Payable |
10,255.2 |
8,920.8 |
9,571.4 |
8,388.1 |
8,845.1 |
|
Other Payables |
7,105.3 |
7,146.5 |
5,925.7 |
5,843.8 |
6,341.7 |
|
Income Taxes Payable |
2,095.0 |
1,096.2 |
976.3 |
1,021.5 |
1,535.1 |
|
Accrued Expenses |
5,080.6 |
6,791.4 |
5,114.9 |
4,848.6 |
4,281.5 |
|
Advance for Customers |
1,363.8 |
1,259.3 |
826.6 |
809.7 |
804.7 |
|
Withholdings |
1,349.9 |
1,488.8 |
969.8 |
1,520.8 |
1,256.4 |
|
Short-term Borrowings |
7,886.9 |
8,380.0 |
7,034.9 |
6,837.9 |
7,225.0 |
|
Current Portion of Long-term Liabilities |
25.3 |
26.3 |
340.3 |
427.1 |
484.2 |
|
Reserve for Current Liabilities |
4,270.9 |
3,050.8 |
3,808.9 |
4,082.8 |
3,622.0 |
|
Other Current Liabilities |
268.8 |
311.3 |
824.9 |
274.3 |
279.1 |
|
Current Liablites Held for Sale |
- |
- |
- |
17.0 |
- |
|
Total Current Liabilities |
39,701.6 |
38,471.4 |
35,393.6 |
34,071.6 |
34,674.9 |
|
|
|
|
|
|
|
|
Bonds |
1,124.1 |
1,111.2 |
496.5 |
545.9 |
533.3 |
|
Non-Current Borrowings from Banks |
3,046.2 |
3,089.9 |
2,443.8 |
2,463.7 |
2,284.7 |
|
Capital Leased Liabilities, LD |
103.5 |
106.7 |
- |
- |
- |
|
Total Long Term Debt |
4,273.8 |
4,307.8 |
2,940.3 |
3,009.6 |
2,818.0 |
|
|
|
|
|
|
|
|
Long-term Other Payables |
820.3 |
889.6 |
1,099.6 |
818.3 |
886.5 |
|
Long-term Accrued Expenses |
105.6 |
106.5 |
78.0 |
87.7 |
101.1 |
|
Other Long-term Liabilities |
189.6 |
209.8 |
37.5 |
39.8 |
40.2 |
|
Deferred Income Taxes Liabilities Non-cu |
2,082.4 |
2,025.6 |
1,591.9 |
1,793.7 |
1,583.6 |
|
Liabilities Reserve |
358.6 |
315.3 |
397.2 |
387.0 |
315.7 |
|
Provisions for Retirement and Severance |
487.1 |
363.3 |
481.8 |
406.2 |
633.4 |
|
Minority Interest |
2,117.2 |
3,685.4 |
3,643.5 |
3,727.2 |
3,825.2 |
|
Total Liabilities |
50,136.1 |
50,374.6 |
45,663.4 |
44,341.1 |
44,878.4 |
|
|
|
|
|
|
|
|
Common Stock |
683.6 |
675.4 |
660.5 |
728.7 |
709.3 |
|
Preferred Stock |
105.0 |
103.7 |
101.4 |
111.9 |
108.9 |
|
Additional Paid-in Capital |
3,869.5 |
3,822.8 |
3,738.3 |
4,124.8 |
4,014.7 |
|
Other Capital Surplus |
- |
- |
- |
906.1 |
868.8 |
|
Appropriated Retained Earnings for Statu |
- |
- |
- |
422.2 |
410.9 |
|
Appropriated Retained Earnings for Volun |
77,247.8 |
68,327.5 |
- |
73,303.5 |
71,345.6 |
|
Retained Earnings Carried Forward |
12,069.3 |
16,344.8 |
- |
10,974.2 |
7,529.7 |
|
Retained Earnings, Total |
- |
- |
79,500.1 |
- |
- |
|
Stock Options in Other Capital Adjustmen |
34.5 |
48.0 |
77.4 |
90.3 |
89.9 |
|
Gains on Valuation of Available for Sale |
1,525.0 |
903.5 |
845.7 |
1,557.1 |
1,434.3 |
|
Gains on Valuation of Equity Method Secu |
812.5 |
930.1 |
983.9 |
1,130.1 |
1,063.1 |
|
Treasury Stock in Capital Adjustments |
-6,591.2 |
-6,544.8 |
-6,471.4 |
-7,153.2 |
-6,966.9 |
|
Overseas Business Trans. Debit/Credit |
-639.2 |
-724.1 |
-94.5 |
-1,309.5 |
-1,021.5 |
|
Others in Other Capital |
1,470.8 |
835.0 |
767.4 |
- |
- |
|
Total Equity |
90,587.5 |
84,722.0 |
80,108.7 |
84,886.4 |
79,586.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
140,723.6 |
135,096.6 |
125,772.2 |
129,227.5 |
124,465.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
130.5 |
130.4 |
130.2 |
130.1 |
130.1 |
|
Total Common Shares Outstanding |
130.5 |
130.4 |
130.2 |
130.1 |
130.1 |
|
T/S-Common Stock |
16.8 |
16.9 |
17.1 |
17.2 |
17.2 |
|
S/O-Preferred Stock |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
Total Preferred Shares Outstanding |
19.9 |
19.9 |
19.9 |
19.9 |
19.9 |
|
T/S-Preferred Stock |
3.0 |
3.0 |
3.0 |
3.0 |
3.0 |
|
Deferred Revenue, Current |
1,363.8 |
1,259.3 |
826.6 |
809.7 |
804.7 |
|
Full-Time Employees |
85,874 |
101,970 |
103,052 |
100,453 |
100,973 |
|
Number of Common Shareholders |
- |
149,564 |
- |
171,683 |
- |
|
Long Term Debt Maturing within 1 Year |
- |
26.5 |
- |
- |
- |
|
Long Term Debt Maturing in Year 3 |
- |
880.0 |
- |
- |
- |
|
Long Term Debt Maturing in Year 3 |
- |
2,584.3 |
- |
- |
- |
|
Long Term Debt Maturing in Year 4 |
- |
11.0 |
- |
- |
- |
|
Long Term Debt - Remaining Maturities |
- |
838.0 |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
- |
4,339.8 |
- |
- |
- |
|
Capital Lease Payments Due within 1 Year |
- |
12.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
- |
43.0 |
- |
- |
- |
|
Capital Leases - Remaining Maturities |
- |
63.7 |
- |
- |
- |
|
Total Capital Leases |
- |
118.8 |
- |
- |
- |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
12,396.6 |
13,964.2 |
7,647.0 |
5,352.0 |
8,526.8 |
|
Depreciation |
11,674.7 |
9,381.3 |
8,438.9 |
8,955.0 |
8,933.7 |
|
Amort. Intangible |
593.7 |
472.7 |
287.1 |
217.8 |
211.4 |
|
Corporate Taxes |
3,091.4 |
2,752.0 |
1,904.6 |
- |
- |
|
Financial Income |
-1,644.0 |
-1,256.2 |
-1,588.7 |
- |
- |
|
Financial Expense |
1,499.4 |
1,232.7 |
1,582.5 |
- |
- |
|
Retirement Allowance |
556.9 |
487.3 |
417.9 |
494.3 |
662.5 |
|
Prov. Doubtful Act |
84.7 |
99.5 |
81.0 |
483.8 |
186.0 |
|
Gains on Valuation of Equity Method Secu |
-1,262.9 |
-1,960.7 |
-1,342.3 |
- |
- |
|
Gain Disp Tang. Ast |
-102.6 |
-244.7 |
-42.7 |
-100.8 |
-115.7 |
|
Disp Tang Asst Loss |
98.7 |
238.8 |
94.1 |
56.6 |
77.4 |
|
Gain on Disposal of Investment Assets |
-201.8 |
- |
- |
- |
- |
|
Gain on Disposal of Business |
-959.3 |
- |
- |
- |
- |
|
Loss-Scraping of Inventory |
1,221.5 |
1,111.3 |
359.5 |
- |
- |
|
Impairment Loss on Intangible Assets |
168.6 |
- |
- |
- |
- |
|
Provisions |
- |
4,693.0 |
2,370.6 |
- |
- |
|
Other Income or Expenses |
52.2 |
-129.8 |
727.8 |
- |
- |
|
Trade Receivables |
-1,818.9 |
-1,555.1 |
-4,342.9 |
-78.3 |
-1,458.9 |
|
Account Receivables |
-163.9 |
-118.9 |
-486.7 |
-511.7 |
98.4 |
|
Advances Payments |
-133.0 |
209.7 |
-164.2 |
-238.3 |
-384.0 |
|
Prepaid Expenses |
-24.8 |
-1,592.6 |
-1,251.6 |
-137.9 |
-25.5 |
|
Other Quick Assets |
- |
88.7 |
-193.4 |
- |
- |
|
Inventory |
-3,538.0 |
-4,162.3 |
-834.1 |
-630.3 |
-1,400.8 |
|
Other Non-Current Assets |
- |
17.0 |
124.1 |
- |
- |
|
Stock Compensation |
- |
- |
- |
- |
0.8 |
|
Loss on AR Disp |
- |
- |
- |
- |
319.0 |
|
Translation Loss |
- |
- |
- |
972.6 |
131.9 |
|
Loss Under Equity Method |
- |
- |
- |
190.2 |
295.8 |
|
Loss on Sec Disposal |
- |
- |
- |
24.5 |
1.9 |
|
L-Secs. for Sale Reuction |
- |
- |
- |
- |
6.7 |
|
L-Secs. Held to Maturities Reuction |
- |
- |
- |
- |
22.3 |
|
L-Derivatives Trading and Valuation |
- |
- |
- |
54.5 |
166.2 |
|
L-Inventory Valuation and Scrapping |
- |
- |
- |
841.2 |
456.0 |
|
Amort.Conv Rgts.Adj. |
- |
- |
- |
- |
57.8 |
|
Income Taxes Paid |
- |
- |
- |
- |
0.0 |
|
Miscellaneous Loss |
- |
- |
- |
617.6 |
345.5 |
|
Translation Gain |
- |
- |
- |
-407.0 |
-138.4 |
|
Equity Earnings |
- |
- |
- |
-680.0 |
-400.6 |
|
Repayment Guarantee |
- |
- |
- |
- |
-190.7 |
|
Gain on Sec Sales |
- |
- |
- |
-126.3 |
-102.4 |
|
G-Derivatives Trading and Valuation |
- |
- |
- |
-52.9 |
-131.9 |
|
Tax Decrease Due to Deferred Taxes |
- |
- |
- |
-454.7 |
-107.2 |
|
Miscellaneous Gains |
- |
- |
- |
-186.7 |
-92.5 |
|
Accrued Income |
- |
- |
- |
547.6 |
-55.4 |
|
Security Deposits |
- |
- |
- |
- |
-7.2 |
|
LT Trade Receivables |
- |
- |
- |
- |
166.0 |
|
LT Prepaid Expenses |
- |
- |
- |
-72.9 |
-199.2 |
|
Loans |
- |
- |
- |
-1,193.5 |
-1,386.9 |
|
Trade Payables |
677.0 |
981.4 |
2,721.4 |
-1,376.0 |
500.1 |
|
Account Payable |
338.9 |
1,107.3 |
946.7 |
601.8 |
-171.7 |
|
Advances Received |
495.0 |
-333.9 |
314.3 |
-257.5 |
122.7 |
|
Deposits Withheld |
502.4 |
166.8 |
206.0 |
-175.6 |
89.9 |
|
Accrued Expenses |
459.1 |
1,021.8 |
308.1 |
-188.9 |
1,233.5 |
|
Other Current Liab. |
- |
78.8 |
-13.2 |
- |
- |
|
Provisions |
652.1 |
-4,867.3 |
-1,970.7 |
- |
- |
|
Accrued Income Taxes |
- |
- |
- |
-682.9 |
46.9 |
|
LT Accrued Expenses |
- |
- |
- |
371.0 |
213.7 |
|
LT Account Payable |
- |
- |
- |
-76.7 |
88.0 |
|
Pymt of Retire Allow |
-231.3 |
-480.1 |
-370.9 |
-274.3 |
-363.9 |
|
Increased-Reserve Assets |
-480.0 |
-117.3 |
-93.2 |
- |
- |
|
Other Long-term Liability |
- |
-39.0 |
-70.0 |
- |
- |
|
Retire Insur. Dep |
- |
- |
- |
-148.9 |
-274.5 |
|
Other Operating Assets & Liabilities |
-396.8 |
- |
- |
411.1 |
-35.7 |
|
Interest Received |
682.3 |
395.7 |
236.4 |
- |
- |
|
Interest Paid |
-579.0 |
-503.6 |
-427.8 |
- |
- |
|
Dividend Income |
319.2 |
23.7 |
54.4 |
- |
- |
|
Dividend Income-Affiliates |
248.2 |
1,290.9 |
428.6 |
- |
- |
|
Taxes Paid |
-3,590.1 |
-1,846.7 |
-1,547.0 |
- |
- |
|
Cash from Operating Activities |
20,686.1 |
20,606.4 |
14,511.7 |
12,139.3 |
15,918.1 |
|
|
|
|
|
|
|
|
Inc-ST Finl Assets |
68.3 |
-2,587.4 |
-3,978.5 |
- |
-1,771.6 |
|
Inc-ST Securities Available-for-Sale |
468.0 |
848.9 |
-875.9 |
- |
- |
|
Acquis of Market Sec |
- |
- |
- |
-3,252.9 |
-1,982.8 |
|
Acq-LT Secs. for Sale |
-378.8 |
-358.9 |
-67.9 |
-11.5 |
-22.3 |
|
Acq-Inv. Secs. Under Equity Method |
- |
- |
- |
- |
-136.8 |
|
Dec-ST Finl Assets |
- |
- |
- |
1,313.7 |
0.0 |
|
Dec in ST Loans |
- |
- |
- |
- |
418.7 |
|
Decrease in LT Loans |
- |
- |
- |
- |
53.5 |
|
Dec-Guarantee Dep |
416.5 |
316.8 |
377.8 |
301.4 |
237.7 |
|
Disp of Market Secs. |
- |
- |
- |
3,249.6 |
3,259.3 |
|
Dec-ST Sec Maturity |
- |
- |
- |
- |
0.0 |
|
Dec-LT Secs for Sale |
374.7 |
8.0 |
2.4 |
171.1 |
88.5 |
|
Dec-LT Secs Maturity |
- |
- |
- |
28.4 |
52.9 |
|
Dec-Affiliates&Joint Venture Investment |
276.9 |
240.3 |
35.1 |
- |
- |
|
Inc-Affiliates&Joint Venture Investment |
-364.2 |
-0.2 |
-141.7 |
- |
- |
|
Dec-Affiliates Stock |
- |
- |
- |
15.2 |
198.5 |
|
Cash Intflow from Disposal of Business S |
835.3 |
- |
- |
- |
- |
|
Disp-Tangible Assets |
342.9 |
1,062.0 |
79.1 |
268.3 |
529.2 |
|
Decrease Intangibles |
8.8 |
14.4 |
44.5 |
- |
- |
|
Other Inflow |
- |
- |
- |
112.6 |
39.8 |
|
Other Investing Cash Flow |
328.8 |
-177.2 |
310.8 |
- |
- |
|
Increase in LT Loans |
- |
- |
- |
- |
-242.5 |
|
Inc in Guarant Depos |
-536.2 |
-364.1 |
-365.3 |
-324.4 |
-229.8 |
|
Cash Outflow-Consolidation Scope Change |
-471.8 |
41.1 |
227.4 |
- |
- |
|
Acq-Tangible Assets |
-19,826.6 |
-18,697.2 |
-6,324.2 |
-12,800.9 |
-13,185.3 |
|
Acq Intangible Asset |
-599.0 |
-1,089.6 |
-430.9 |
-194.7 |
-211.3 |
|
Cash Outflow |
- |
- |
- |
-804.8 |
-12.4 |
|
Cash from Investing Activities |
-19,056.5 |
-20,743.1 |
-11,107.4 |
-11,928.8 |
-12,916.8 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
- |
- |
- |
607.3 |
859.0 |
|
Inc in LT Borrowings |
- |
- |
- |
987.2 |
953.1 |
|
Increase in Bonds |
- |
- |
- |
2,962.1 |
1,767.2 |
|
Disp-Treasury Stock |
145.2 |
159.4 |
259.1 |
- |
- |
|
Stock Options |
- |
- |
- |
150.8 |
126.3 |
|
Cash Inflow-Consoli. Capital Transaction |
- |
- |
- |
- |
161.5 |
|
Other Inflow |
- |
- |
- |
360.5 |
822.5 |
|
Repay ST Borrowings |
882.1 |
750.8 |
-417.8 |
- |
- |
|
Increase- Bonds< Debt |
3,543.1 |
983.9 |
244.0 |
- |
- |
|
Repayments of Bonds< Debt |
-1,033.6 |
-263.0 |
-313.8 |
- |
- |
|
Dec-Current Port. LT Debt |
- |
- |
- |
-1,659.9 |
-2,978.2 |
|
Dec in LT Borrowings |
- |
- |
- |
-377.3 |
-206.2 |
|
Acquis of Treas Stck |
- |
- |
- |
- |
-1,964.5 |
|
Dividends Paid |
-789.4 |
-1,658.5 |
-645.3 |
-1,195.3 |
-881.5 |
|
Other Financing Cash Flow |
59.5 |
-104.4 |
-194.6 |
- |
- |
|
Other Outflow |
- |
- |
- |
-77.8 |
-380.9 |
|
Cash Flows-Consolidation Scope Change |
- |
- |
- |
3.0 |
2.2 |
|
Cash Inflow/Outflow from Foreign Currenc |
-13.3 |
-41.6 |
206.8 |
739.2 |
450.9 |
|
Cash from Financing Activities |
2,793.6 |
-173.3 |
-861.5 |
2,499.6 |
-1,268.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
4,423.1 |
-310.1 |
2,542.8 |
2,710.1 |
1,732.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,837.9 |
8,778.1 |
5,409.3 |
5,299.1 |
4,543.8 |
|
Net Cash - Ending Balance |
13,261.0 |
8,468.0 |
7,952.1 |
8,009.2 |
6,276.5 |
|
Cash Interest Paid |
579.0 |
503.6 |
427.8 |
- |
- |
|
Cash Taxes Paid |
3,590.1 |
1,846.7 |
1,547.0 |
- |
- |
Interim Cash Flows
As Reported
Financials in: USD (mil) Except
for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1107.891393 |
1095.603455 |
1101.856011 |
1120.28956 |
|
|
|
|
|
|
|
|
Net Income |
4,463.6 |
12,396.6 |
8,883.5 |
5,709.6 |
2,485.7 |
|
Depreciation |
3,085.5 |
11,674.7 |
8,621.8 |
5,561.0 |
2,658.8 |
|
Amortization of Intangible Assets |
164.1 |
593.7 |
426.7 |
272.6 |
129.5 |
|
Corporate Taxes |
1,151.0 |
3,091.4 |
1,781.4 |
1,144.7 |
538.3 |
|
Financial Income |
-699.9 |
-1,644.0 |
-2,002.0 |
-889.3 |
-744.1 |
|
Financial Expense |
754.3 |
1,499.4 |
2,016.8 |
720.1 |
610.1 |
|
Retirement and Severance Benefits |
181.6 |
556.9 |
421.4 |
278.0 |
136.5 |
|
Expenses of Allowance for Doubtful Accou |
41.3 |
84.7 |
66.7 |
27.8 |
12.4 |
|
Loss-Sale of Property, Plant and Equipme |
71.2 |
98.7 |
61.7 |
34.8 |
12.1 |
|
Loss-Scraping of Inventory |
285.2 |
1,221.5 |
743.6 |
381.2 |
72.7 |
|
Impairment Loss on Intangible Assets |
- |
168.6 |
- |
- |
- |
|
Other Income/Expense |
-60.9 |
52.2 |
-54.3 |
-73.7 |
-107.2 |
|
Gains on Valuation of Equity Method Secu |
-324.8 |
-1,262.9 |
-984.2 |
-713.6 |
-335.3 |
|
Gains on Sale of Property, Plant and Equ |
-23.6 |
-102.6 |
-69.8 |
-62.4 |
-54.0 |
|
Gain on Disposal of Investment Assets |
- |
-201.8 |
- |
- |
- |
|
Gain on Disposal of Business |
- |
-959.3 |
- |
- |
- |
|
Trade Receivable |
-72.2 |
-1,818.9 |
-1,399.9 |
-1,073.7 |
1,080.6 |
|
Other Receivable |
-22.9 |
-163.9 |
203.9 |
290.1 |
90.1 |
|
Advanced Payments |
-63.6 |
-133.0 |
-102.5 |
-19.7 |
12.7 |
|
Prepaid Expenses |
- |
-24.8 |
- |
- |
- |
|
ST/LT Prepaid Expenses |
-189.2 |
- |
-350.1 |
129.7 |
-104.9 |
|
Inventories |
-825.9 |
-3,538.0 |
-3,354.7 |
-1,142.3 |
-832.6 |
|
Trade Payables |
1,436.6 |
677.0 |
1,339.7 |
215.0 |
512.9 |
|
Other Payables |
- |
338.9 |
- |
- |
- |
|
ST/LT Other Payables |
-861.1 |
- |
-20.2 |
-931.6 |
-713.5 |
|
Advances from Customers |
54.1 |
495.0 |
38.6 |
-8.2 |
-15.4 |
|
Withholdings |
-204.6 |
502.4 |
594.9 |
503.6 |
297.9 |
|
ST/LT Accrued Expenses |
-1,929.4 |
459.1 |
-1,195.9 |
-1,743.9 |
-2,166.4 |
|
Provisions |
1,209.7 |
652.1 |
1,576.8 |
1,515.2 |
1,045.0 |
|
Payment for Retirement and Severance Ben |
-74.2 |
-231.3 |
-93.0 |
-81.2 |
-50.9 |
|
Reserve Assets-Outside |
- |
-480.0 |
- |
- |
- |
|
Other Operating Assets & Liabilities |
-125.8 |
-396.8 |
-459.0 |
-247.2 |
-140.0 |
|
Dividends Received |
453.6 |
319.2 |
33.7 |
31.4 |
177.7 |
|
Dividend Received from Affiliates |
- |
248.2 |
284.6 |
283.0 |
- |
|
Interest Received |
182.2 |
682.3 |
513.8 |
344.2 |
208.0 |
|
Cash-Interest Paid |
-149.0 |
-579.0 |
-432.7 |
-200.3 |
-89.6 |
|
Cash-Tax Paid |
-456.3 |
-3,590.1 |
-2,854.5 |
-2,167.5 |
-850.0 |
|
Cash from Operating Activities |
7,450.6 |
20,686.1 |
14,236.9 |
8,087.5 |
3,877.3 |
|
|
|
|
|
|
|
|
Decrease in Deposits Provided |
68.1 |
416.5 |
259.3 |
99.7 |
67.4 |
|
Proceeds from Sale of Short-term Financi |
- |
68.3 |
1,464.9 |
2,143.0 |
1,514.9 |
|
Disp-ST Securities Available-for-Sale |
- |
468.0 |
467.7 |
465.0 |
321.7 |
|
Proceeds from Sale of LT Available for s |
23.6 |
374.7 |
226.6 |
108.6 |
0.4 |
|
Dec-Affiliates&Joint Venture Investment |
- |
276.9 |
18.6 |
3.4 |
- |
|
Cash Intflow from Disposal of Business S |
- |
835.3 |
- |
- |
- |
|
Proceeds from Sale of Property Plant and |
96.5 |
342.9 |
267.3 |
156.9 |
124.9 |
|
Decrease-Intangible Assets |
5.0 |
8.8 |
8.9 |
2.9 |
0.1 |
|
Others |
-180.9 |
328.8 |
37.3 |
-185.2 |
-32.8 |
|
Increase in Deposits Provided |
-103.3 |
-536.2 |
-347.8 |
-161.5 |
-96.1 |
|
Inc-Affiliates&Joint Venture Investment |
-83.5 |
-364.2 |
-104.9 |
-36.3 |
-255.6 |
|
Purchase of LT Available for Sale Securi |
-18.8 |
-378.8 |
-346.7 |
-33.3 |
-31.5 |
|
Purchase of Property, Plant and Equipmen |
-6,798.2 |
-19,826.6 |
-14,639.2 |
-10,141.1 |
-4,934.0 |
|
Purchase of Intangible Assets |
-110.4 |
-599.0 |
-435.7 |
-312.0 |
-153.7 |
|
Cash Outflow-Consolidation Scope Change |
- |
-471.8 |
-466.0 |
-401.1 |
- |
|
Net Disposal of Current Financial Instru |
2,232.2 |
- |
- |
- |
- |
|
Net Disposal of Current Securities Avail |
183.7 |
- |
- |
- |
- |
|
Cash from Investing Activities |
-4,686.1 |
-19,056.5 |
-13,589.7 |
-8,290.9 |
-3,474.2 |
|
|
|
|
|
|
|
|
ST Borrowings, NET |
-630.0 |
882.1 |
-398.0 |
-871.7 |
- |
|
Proceeds from Sale of Treasury Stock |
35.0 |
145.2 |
72.7 |
62.5 |
56.6 |
|
Cash Flow from Other Financing Activitie |
1.0 |
59.5 |
60.0 |
-7.9 |
296.2 |
|
Repayments of Short-term Borrowings |
- |
- |
- |
- |
-262.0 |
|
Proceeds from Bonds&Long-term Borrowings |
- |
3,543.1 |
2,165.4 |
1,926.2 |
1,737.5 |
|
Repayments Bonds&Long-term Borrowings |
-26.1 |
-1,033.6 |
-898.5 |
-651.7 |
-545.6 |
|
Payments in Dividends |
-256.5 |
-789.4 |
-766.8 |
-683.2 |
-2.0 |
|
Increase/Decrease in Minority Interest |
-881.9 |
- |
- |
- |
- |
|
Change-Foreign Currency Translation |
83.1 |
-13.3 |
265.4 |
-60.3 |
28.0 |
|
Cash from Financing Activities |
-1,675.4 |
2,793.6 |
500.2 |
-286.2 |
1,308.7 |
|
|
|
|
|
|
|
|
Net Change in Cash |
1,089.1 |
4,423.1 |
1,147.3 |
-489.6 |
1,711.8 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent at Beginning |
12,989.7 |
8,837.9 |
8,937.0 |
8,886.3 |
8,740.1 |
|
Cash and Cash Equivalent at End |
14,078.7 |
13,261.0 |
10,084.3 |
8,396.7 |
10,451.9 |
|
Cash Interest Paid |
149.0 |
579.0 |
432.7 |
200.3 |
89.6 |
|
Cash Taxes Paid |
456.3 |
3,590.1 |
2,854.5 |
2,167.5 |
850.0 |
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)
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Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.85.29 |
|
Euro |
1 |
Rs.68.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 SCs 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.