Samsung El.gdr Regulatory News (SMSN)

3 Dec 2007 09:53

Samsung Electronics Co. Ld03 December 2007 Samsung Electronics Co., Ltd.Non-Consolidated Balance SheetsSeptember 30, 2007 and December 31, 2006 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) 2007 2006 2007 2006AssetsCurrent assets KRW KRW USD USDCash and cash equivalents 1,784,662 977,989 1,939,850 1,063,032Short-term financial instruments 2,820,354 3,335,141 3,065,602 3,625,153Short-term available-for-sale 867,043 2,058,781 942,438 2,237,805securities (Note 4)Trade accounts and notes 2,315,111 1,842,439 2,516,425 2,002,651receivable, net of allowance fordoubtful accounts (Note 5)Other accounts and notes 684,657 864,669 744,192 939,858receivable, net of allowance fordoubtful accounts (Note 5)Inventories, net of valuation 3,377,004 3,219,474 3,670,657 3,499,428losses (Note 6)Short-term deferred income tax 1,216,968 1,155,410 1,322,791 1,255,880assets (Note 21)Short-term receivables under 102,622 69,348 111,546 75,378finance lease (Note 7)Advanced payments 750,408 551,479 815,661 599,434Prepaid expenses 567,640 400,824 617,000 435,678Other current assets 248,378 238,603 269,976 259,352 Total current assets 14,734,847 14,714,157 16,016,138 15,993,649 Property, plant and equipment, 29,664,277 28,820,442 32,243,779 31,326,567including revaluations, net ofaccumulated depreciation (Note 10)Long-term available-for-sale 2,322,203 1,148,944 2,524,134 1,248,852securities (Note 8)Equity-method investments (Note 9) 13,212,716 11,265,083 14,361,648 12,244,655Intangible assets, net of 556,184 522,378 604,548 567,802accumulated amortization (Note 11)Long-term receivables under 281,438 154,140 305,911 167,543finance lease (Note 7)Long-term deposits and other 1,120,746 1,183,984 1,218,202 1,286,941assets, net (Note 12) Total assets 61,892,411 57,809,128 67,274,360 62,836,009 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) 2007 2006 2007 2006Liabilities and Shareholders' EquityCurrent liabilities KRW KRW USD USDTrade accounts and notes payable 2,371,408 1,869,101 2,331,368 2,031,632Other accounts and notes payable 2,233,124 3,291,797 2,692,282 3,578,040Accrued expenses (Note 14) 3,381,686 2,873,148 3,264,137 3,122,987Income taxes payable 827,704 1,111,233 1,131,103 1,207,862Other current liabilities 538,944 489,736 654,120 532,321 Total current liabilities 9,352,866 9,635,015 10,073,010 10,472,842 Foreign currency notes and bonds (Note 86,506 87,317 94,028 94,91013)Long-term advances received 210,813 340,033 229,145 369,601Long-term accrued expenses (Note 14) 47,352 274,527 51,470 298,399Deferred income tax liabilities (Note 1,583,990 1,221,815 1,721,728 1,328,06021)Accrued severance benefits, net 872,434 620,469 948,298 674,423Other long-term liabilities 418,837 432,368 455,256 469,965 Total liabilities 12,572,798 12,611,544 13,666,085 13,708,200 Commitments and contingencies (Note 15)Shareholders' equityCapital stock (Note 16)Common stock 778,047 778,047 845,703 845,703Preferred stock 119,467 119,467 129,855 129,855Capital surplusPaid-in capital in excess of par value 4,403,893 4,403,893 4,786,840 4,786,840Other capital surplus 1,960,246 1,963,351 2,130,702 2,134,077Capital adjustmentsTreasury stock (Note 18) (9,198,798) (7,520,023) (9,998,693) (8,173,938)Stock options (Note 19) 489,307 539,153 531,855 586,036Accumulated other comprehensive income 2,016,851 556,924 2,192,230 605,353(Note 20)Retained earnings (Note 17) 48,750,600 44,356,772 52,989,783 48,213,883 Total shareholders' equity 49,319,613 45,197,584 53,608,275 49,127,809 Total liabilities & shareholders' 61,892,411 57,809,128 67,274,360 62,836,009equity Samsung Electronics Co., Ltd.Non-Consolidated Statements of Income For the Three-Month and Nine-Month Periods ended September 30, 2007 and 2006 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) For the three-month period ended September 30 For the nine-month period ended September 30 2007 2006 2007 2006 2007 2006 2007 2006 KRW KRW USD USD KRW KRW USD USDSales (Note 26) 16,680,570 15,216,475 18,131,054 16,539,647 45,699,455 43,283,592 49,673,321 47,047,383 Cost of sales 11,999,629 10,995,899 13,043,075 11,952,064 34,230,977 31,571,015 37,207,584 34,316,321 Gross profit 4,680,941 4,220,576 5,087,979 4,587,583 11,468,478 11,712,577 12,465,737 12,731,062 Selling, general and 2,614,958 2,371,075 2,842,345 2,577,256 7,308,715 6,831,051 7,944,255 7,425,055administrative expenses Operating profit 2,065,983 1,849,501 2,245,634 2,010,327 4,159,763 4,881,526 4,521,482 5,306,007 Non-operating incomeInterest and dividend 64,218 49,419 69,802 53,716 178,709 181,203 194,249 196,960incomeCommission income 96,882 90,221 105,307 98,066 258,839 227,719 281,347 247,521Gain on disposal of 3,126 6,130 3,398 6,663 23,784 41,283 25,852 44,873available-for-salesecuritiesGain on disposal of 12,855 22,373 13,973 24,318 59,790 66,208 64,989 71,965property, plant andequipmentForeign exchange gains 117,567 82,199 127,790 89,347 182,692 276,145 198,578 300,158Gain on foreign 770 16,734 837 18,189 83,852 114,045 91,143 123,962currency translationGain on valuation of 589,070 542,388 640,293 589,552 1,823,523 1,279,784 1,982,090 1,391,070equity-methodinvestmentsOthers 80,029 105,941 86,988 115,154 246,239 273,293 267,652 297,056 964,517 915,405 1,048,388 995,005 2,857,428 2,459,680 3,105,900 2,673,565 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) For the three-month period ended For the nine-month period ended September 30 September 30 2007 2006 2007 2006 2007 2006 2007 2006 KRW KRW USD USD KRW KRW USD USD Non-operating expenses Interest expenses 12,264 10,866 13,330 11,811 36,396 34,270 39,561 37,250 Loss on disposal oftrade accounts and notesreceivable 77,767 66,911 84,529 72,729 204,174 180,321 221,928 196,001 Donations 65,631 49,007 71,338 53,268 100,003 122,343 108,699 132,982 Loss on disposal of available-for-salesecurities - 1,139 - 1,238 1,752 1,642 1,904 1,785 Loss on disposal ofequity method investment 1,511 - 1,642 - 26,653 - 28,971 - Loss on disposal of property, plant andequipment 10,538 3,992 11,454 4,339 32,253 25,481 35,058 27,697 Foreign exchangelosses 145,218 71,503 157,846 77,721 278,041 249,142 302,218 270,807 Loss on foreigncurrency translation 12,790 - 13,902 - 22,526 33,951 24,485 36,903 Loss on valuation ofequity-method investments 56,721 21,695 61,653 23,582 177,119 116,200 192,521 126,304 Others 20,724 13,533 22,528 14,710 51,722 67,564 56,220 73,438 403,164 238,646 438,222 259,398 930,639 830,914 1,011,565 903,167 Net income before income taxes 2,627,336 2,526,260 2,855,800 2,745,934 6,086,552 6,510,292 6,615,817 7,076,405 Income taxes (Note 21) 436,122 355,894 474,046 386,841 873,613 961,478 949,579 1,045,085 Net income 2,191,214 2,170,366 2,381,754 2,359,093 5,212,939 5,548,814 5,666,238 6,031,320 Basic earnings per share (Note 22) (in Korean Won and U.S.Dollars) 14,991 14,590 16 16 34,409 36,937 37 40 Diluted earnings per share (Note 22) (in Korean Won and U.S.Dollars) 14,804 14,367 16 16 33,987 36,383 37 40 Samsung Electronics Co., Ltd.Non-Consolidated Statements of Cash FlowsFor the Three-Month and Nine-Month Periods ended September 30, 2007 and 2006 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) For the three-month period ended For the nine-month period ended September 30 September 30 2007 2006 2007 2006 2007 2006 2007 2006 KRW KRW USD USD KRW KRW USD USD Cash Flows from operating activities Net income 2,191,214 2,170,366 2,381,754 2,359,093 5,212,939 5,548,814 5,666,238 6,031,320 Adjustments to reconcile net income to net cash provided by operating activities Depreciation andamortization 1,806,018 1,440,614 1,963,063 1,565,885 5,196,507 4,085,107 5,648,377 4,440,334 Provision for severancebenefits 109,816 79,623 119,365 86,547 396,306 356,833 430,767 387,862 Loss on disposal of trade accounts and notesreceivable 77,767 66,911 84,529 72,729 204,174 180,321 221,928 196,001 Loss on disposal of property, plant and equipment 10,538 3,992 11,454 4,339 32,253 25,481 35,058 27,697 Gain on disposal of property, plant and equipment (12,855) (22,373) (13,973) (24,318) (59,790) (66,208) (64,989) (71,965) Loss on disposal of available-for-salesecurities - 1,139 - 1,238 1,752 1,642 1,904 1,785 Gain on disposal of available-for-salesecurities (3,126) (6,130) (3,398) (6,663) (23,784) (41,283) (25,852) (44,873) Loss on foreign currency translation 12,783 - 13,895 - 22,490 33,951 24,446 36,903 Gain on foreign currency translation (770) (16,734) (837) (18,189) (83,852) (114,045) (91,143) (123,962) Loss on valuation of equity-method investmensts 56,721 21,695 61,653 23,582 177,119 116,200 192,521 126,304 Gain on valuation of equity-method investments (201,592) (465,749) (219,122) (506,249) (1,171,719) (953,005) (1,273,608) (1,035,875)Deferred income taxes 82,703 33,313 89,895 36,210 (71,745) 48,591 (77,984) 52,816 Others 36,939 50,256 40,152 54,625 134,904 244,877 146,634 266,170 4,166,156 3,356,923 4,528,430 3,648,829 9,967,554 9,467,276 10,834,297 10,290,517 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) For the three-month period ended For the nine-month period ended September 30 September 30 2007 2006 2007 2006 2007 2006 2007 2006 Changes in operating KRW KRW USD USD KRW KRW USD USD assets and liabilities Increase in trade accounts and notes receivable (373,289) (392,206) (405,749) (426,311) (684,122) (837,976) (743,611) (910,843)Decrease (increase) in other accounts and notes receivable (131,980) (177,850) (143,457) (193,315) 178,190 126,124 193,685 137,091 Decrease (increase) in inventories (226,991) (71,180) (246,729) (77,370) (248,918) (378,510) (270,563) (411,424)Decrease in trade accounts and notes payable 219,676 262,139 238,778 284,934 510,620 474,027 555,022 515,247 Increase(decrease) in other accounts and notes payable (361,778) 180,319 (393,237) 195,999 (1,234,740) (280,398) (1,342,109) (304,780)Increase in accruedexpenses 327,920 275,729 356,435 299,705 198,262 136,656 215,502 148,539 Increase(decrease) in income taxes payable (240,609) 272,939 (261,532) 296,673 (302,476) 5,070 (328,778) 5,511 Payment of severance benefits (84,891) (31,498) (92,273) (34,237) (204,439) (116,037) (222,216) (126,127)Others (155,683) 52,107 (169,220) 56,639 (54,621) 106,666 (59,371) 115,941 Net cash provided by operating activities 3,138,531 3,727,422 3,411,446 4,051,546 8,125,310 8,702,898 8,831,858 9,459,672 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) For the three-month period ended September 30 For the nine-month period ended September 30 2007 2006 2007 2006 2007 2006 2007 2006 KRW KRW USD USD KRW KRW USD USD Cash flows from investing activities Net decrease (increase) in short-termfinancial instruments (1,413,929) (180,462) (1,536,879) (196,154) 514,787 1,686,548 559,551 1,833,204 Proceeds from disposal of short-term available-for-salesecurities 263,118 1,032,252 285,998 1,122,013 2,303,777 2,676,941 2,504,105 2,909,718 Acquisition of short-term available-for-salesecurities (360,000) (990,553) (391,304) (1,076,688) (1,075,020) (2,068,353) (1,168,500) (2,248,210)Proceeds from disposal of property, plant andequipment 53,958 81,470 58,650 88,554 228,688 274,375 248,574 298,234 Acquisition of property, plant andequipment (1,735,549) (2,872,916) (1,886,466) (3,122,735) (6,418,200) (7,654,687) (6,976,304) (8,320,312)Proceeds from disposal of long-termavailable-for-salesecurities 27 - 29 - 14,376 3,171 15,626 3,447 Proceeds from disposal of investments 4,568 7,176 4,965 7,800 340,303 7,242 369,895 7,872 Acquisition of long-term available-for-salesecurities (6,013) (15,802) (6,536) (17,176) (8,931) (24,268) (9,708) (26,378) Acquisition of equity-method investments (47,119) (126,471) (51,216) (137,468) (648,335) (500,689) (704,712) (544,227) Others (10,645) (47,996) (11,571) (52,170) (17,632) (107,516) (19,165) (116,865) Net cash used in investing activities (3,251,584) (3,113,302) (3,534,330) (3,384,024) (4,766,187) (5,707,236) (5,180,638) (6,203,517) (In millions of Korean won, in thousands of U.S. dollars (Note 3)) For the three-month period ended For the nine-month period ended September 30 September 30 2007 2006 2007 2006 2007 2006 2007 2006 KRW USD KRW USD KRW KRW USD USD Cash flows from financing activities Payment of dividends (71,955) (74,387) (78,212) (80,855) (818,030) (831,790) (889,163) (904,120) Acquisition of treasury stock - (44,121) - (47,958) (1,825,395) (1,812,879) (1,984,125) (1,970,520)Exercise of stock options 28,245 45,230 30,701 49,163 90,975 146,556 98,886 159,300 Net cash used in financing activities (43,710) (73,278) (47,511) (79,650) (2,552,450) (2,498,113) (2,774,402) (2,715,340) Net increase (decrease) in cash and cash equivalents (156,763) 540,842 (170,395) 587,872 806,673 497,549 876,818 540,815 Cash and cash equivalents Beginning of the period 1,941,425 1,010,259 2,110,245 1,098,108 977,989 1,053,552 1,063,032 1,145,165 End of the period 1,784,662 1,551,101 1,939,850 1,685,980 1,784,662 1,551,101 1,939,850 1,685,980 Samsung Electronics Co., Ltd.Non-Consolidated Statement of Changes in Shareholders' EquityFor the Nine-Month Period ended September 30, 2007 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) Capital Capital Capital Accumulated Retained Total Stock adjustments other earnings Surplus comprehensive income KRW KRW KRW KRW KRW KRW Shareholders' equity, January 1, 2007 897,514 6,367,244 (6,980,870) 516,520 44,460,189 45,260,597 Cumulative effects of restatements (Note 21) - - - 40,404 (103,417) (63,013) Restated beginning balance 897,514 6,367,244 (6,980,870) 556,924 44,356,772 45,197,584 Cash dividends from prior - - - - (746,075) (746,075) year's net income Cash dividends from current year's net income - - - - (73,036) (73,036) Retained earnings after appropriations - - - - 43,537,661 44,378,473 Acquisition of treasury stock - - (1,825,395) - - (1,825,395)Disposal of treasury stock - (5,507) 146,620 - - 141,113 Stock options - 2,402 (49,846) - - (47,444) Gain on valuation of available-for-sale securities - - - 858,361 - 858,361 Loss on valuation of available-for-sale securities - - - 1,355 - 1,355 Gain on valuation of equity-method investments - - - 451,204 - 451,204 Loss on valuation of equity-method investments - - - 149,007 - 149,007 Net income - - - - 5,212,939 5,212,939 Shareholders' equity, September 30, 2007 897,514 6,364,139 (8,709,491) 2,016,851 48,750,600 49,319,613 Capital Capital Capital Accumulated Retained Total Stock Surplus adjustments other earnings comprehensive income USD USD USD USD USD USD Shareholders' equity, January 1, 2007 975,559 6,920,917 (7,587,902) 561,435 48,326,292 49,196,301 Cumulative effects of restatements (Note 21) - - - 43,917 (112,409) (68,492) Restated beginning balance 975,559 6,920,917 (7,587,902) 605,352 48,213,883 49,127,809 Cash dividends from prior year's - - - - (810,951) (810,951) net income Cash dividends from current year's - - - - (79,387) (79,387) net income Retained earnings after appropriations - - - - 47,323,545 48,237,471 Acquisition of treasury stock - - (1,984,125) - - (1,984,125) Disposal of treasury stock - (5,986) 159,370 - - 153,384 Stock options - 2,611 (54,181) - - (51,570) Gain on valuation of available-for-sale securities - - - 933,001 - 933,001 Loss on valuation of available-for-sale securities - - - 1,473 - 1,473 Gain on valuation of equity-method investments - - - 490,439 - 490,439 Loss on valuation of equity-method investments - - - 161,964 - 161,964 Net income - - - - 5,666,238 5,666,238 Shareholders' equity, September 30, 2007 975,559 6,917,542 (9,466,838) 2,192,229 52,989,783 53,608,275 (In millions of Korean won, in thousands of U.S. dollars (Note 3)) Capital Capital Capital Accumulated Retained Total Stock adjustments other earnings Surplus comprehensive income KRW KRW KRW KRW KRW KRW Shareholders' equity, July 1, 2007 897,514 6,364,467 (8,738,393) 1,656,969 46,632,422 46,812,979Cash dividends - - - - (73,036) (73,036) Disposal of treasury stock - (328) 43,797 - - 43,469 Stock options - - (14,895) - - (14,895) Gain on valuation of available-for-sale securities - - - 154,881 - 154,881 Loss on valuation of available-for-sale securities - - - 29 - 29 Gain on valuation of equity-method investments - - - 164,847 - 164,847 Loss on valuation of equity-method investments - - - 40,125 - 40,125 Net income - - - - 2,191,214 2,191,214 Shareholders' equity September 30, 2007 897,514 6,364,139 (8,709,491) 2,016,851 48,750,600 49,319,613 Capital Capital Capital Accumulated Retained Total Stock Surplus adjustments other earnings comprehensive income USD USD USD USD USD USD Shareholders' equity, July 1, 2007 975,559 6,917,899 (9,498,253) 1,801,052 50,687,415 50,883,672Cash dividends - - - - (79,386) 79,386 Disposal of treasury stock - (357) 47,605 - - 47,248 Stock options - - (16,190) - - (16,190) Gain on valuation of available-for-sale securities - - - 168,349 - 168,349 Loss on valuation of available-for-sale securities - - - 32 - 32 Gain on valuation of equity-method investments - - - 179,182 - 179,182 Loss on valuation of equity-method investments - - - 43,614 - 43,614 Net income - - - - 2,381,754 2,381,754 Shareholders' equity eptember 30, 2007 975,559 6,917,542 (9,466,838) 2,192,229 52,989,783 53,608,275 The accompanying notes are an integral part of these non-consolidated financialstatements. See Report of Independent Accountants. For a detailed information of our 2007 3Q Non-consolidated financial statement,Please refer to the following link : http://www.samsung.com/ir END This information is provided by RNS The company news service from the London Stock Exchange