Samsung El.gdr Regulatory News (SMSN)

13 Jan 2006 07:12

Samsung Electronics Co. Ld13 January 2006 Earnings Release Q4 2005 Samsung Electronics Disclaimer This report includes forward-looking statements which can generally beidentified by phrases such as Samsung Electronics (SEC) or its management"believes," "expects," "anticipates," "foresees," "forecasts," "estimates"or other words or phrases of similar import. Similarly, such statements that describe the company's business strategy,outlook, objectives, plans, intentions or goals also are forward-lookingstatements. All such statements are subject to certain risks and uncertainties thatcould cause actual results to differ materially from those in this material. Auditing for the Q4 2005 financial results has not been finalized.Figures in this earnings release are subject to change during the independent auditing process. Sales and Profits (Unit : Trillion, KRW) Q4 '05 Q-on-Q 3Q '05 FY '05 Y-on-Y FY '04Sales 15.52 7% 14.54 57.46 - 57.63Gross Profit 4.91 12% 4.40 17.30 -15% 20.35 (Margin) (32%) (30%) (30%) (35%)SG&A 2.77 22% 2.27 9.24 11% 8.34Operating Profit 2.14 - 2.13 8.06 -33% 12.02 (Margin) (14%) (15%) (14%) (21%)Non-operating Income 0.76 2,433% 0.03 0.81 -27% 1.11 Equity Income from 0.03 - 0.03 -0.61 -23% -0.79Samsung CardIncome Tax 0.33 22% 0.27 1.23 -47% 2.34Net profit 2.56 36% 1.88 7.64 -29% 10.79 (Margin) (17%) (13%) (13%) (19%) Divisional Performance - Sales (Unit : Trillion, KRW) Q4 '05 Q-on-Q 3Q '05 FY '05 Y-on-Y FY '04Semiconductor 5.09 11% 4.59 18.33 1% 18.22Memory 3.84 10% 3.47 14.08 - 14.11System LSI 0.56 1% 0.55 2.01 -12% 2.28LCD 3.01 12% 2.68 9.71 12% 8.69Telecommunication 4.95 8% 4.58 18.82 -1% 18.94Handsets 4.65 6% 4.37 17.77 - 17.75Digital Media 1.58 -4% 1.64 6.48 -19% 8.03Digital Appliances 0.75 -12% 0.85 3.38 4% 3.26Total 15.52 7% 14.54 57.46 - 57.63 Divisional Performance - Operating Profit (Unit : Trillion, KRW) Q4 '05 Q-on-Q 3Q '05 FY '05 Y-on-Y FY '04Semiconductor 1.62 21% 1.35 5.46 -27% 7.48 (Margin) (32%) (29%) (30%) (41%)LCD 0.40 36% 0.30 0.73 -61% 1.88(Margin) (13%) (11%) (8%) (22%)Telecommunication 0.38 -31% 0.55 2.30 -18% 2.81 (Margin) (8%) (12%) (12%) (15%)Digital Media -0.20 -706% -0.02 -0.31 -1,118% -0.03 (Margin) (-13%) (-2%) (-5%) (-0.3%)Appliances -0.06 -43% -0.04 -0.09 -70% -0.05 (Margin) (-8%) (-5%) (-3%) (-2%)Total 2.14 - 2.13 8.06 -33% 12.02 (Margin) (14%) (15%) (14%) (21%) Financial Position (Unit: Trillion KRW) Q4 '05 Q3 '05 FY '04Assets 50.5 46.7 43.8 Cash* 6.9 4.8 7.4 A/R & Inventories 4.4 4.5 4.5 PP & E 24.7 23.5 19.7 Other Assets 14.5 13.9 12.2Liabilities 10.8 9.8 9.4 Debt 0.1 0.1 0.1 Other Liabilities 10.7 9.7 9.3Shareholders Equity 39.7 36.9 34.4Debt / Equity 0.3% 0.3% 0.3%Net Debt / Equity -17.1% -12.7% -21.3%Return on Equity 20.6% 20.6% 33.8%Return on Asset 16.2% 16.3% 26.0% * Cash = Cash + Cash equivalents + S-T financial instruments + Marketablesecurities Cash Flow (Unit: Trillion KRW) Q4 '05 FY '05 FY '04Cash* (Beginning of period) 4.79 7.43 7.99Cash flow from Operation 4.28 12.66 14.78Net Profit 2.56 7.64 10.79Depreciation 1.31 5.06 4.53Income(Loss) from Equity method -0.47 -0.16 -0.58Increase(decrease) in Working 0.88 0.12 0.04 Capital, etcCash flow from Investment -2.43 -10.61 -9.01CAPEX -2.58 -10.10 -7.42Cash flow from Financing 0.24 -2.62 -6.32Dividend - -0.85 -1.60Increase of Short-term borrowings - - -1.00Repurchase of Shares - -2.15 -3.84Proceeds from sales of shares 0.24 0.38 0.12 Under stock option planNet decrease in cash 2.08 -0.56 -0.56Cash (End of period) 6.87 6.87 7.43 * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Capital Expenditure (Unit: Billion KRW) FY '06 FY '05 (%)Sales 63.60 57.46 11%Capex 9.23 10.04 -8%Semiconductor 5.63 6.33 -11%Memory 4.58 5.29 -13%System LSI 0.98 0.99 -1%LCD 2.37 2.87 -17%Telecommunication 0.54 0.27 100%Digital Media & Others 0.69 0.57 23%R&D 6.08 5.41 12% For a detailed presentation of our Q4 2005 results including business outlook, Please refer to the following link : http://www.samsung.com/ir This information is provided by RNS The company news service from the London Stock Exchange