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2003 Annual Report 69
As the interest rates and repayment periods of corporate bonds were changed by mutual agreement in 1999, the difference between nominal
value and present value was presented as bad debt expense, and amortized using the effective interest method over the remaining period.
7. PROPERTY, PLANT AND EQUIPM ENT :
Property, plant and equipment as of December 31, 2003 and 2002 consist of the following :
The changes in property, plant and equipment in 2003 are as follows :
2003 2002 2003 2002
Korean won (in millions) U.S. dollars (Note 2) (in thousands)
Buildings and structures
Machinery and equipment
Vehicles
Dies, moulds and tools
Other equipment
Less: Accumulated depreciation
Land
Construction in progress
1,348,211
2,189,241
46,274
1,192,788
194,345
4,970,859
(2,151,627)
2,819,232
1,422,030
422,098
4,663,360
1,222,836
1,987,189
44,632
1,077,454
176,730
4,508,841
(1,882,817)
2,626,024
1,399,283
141,547
4,166,854
1,125,573
1,827,719
38,632
995,816
162,251
4,149,991
(1,796,316)
2,353,675
1,187,201
352,394
3,893,270
1,020,902
1,659,032
37,262
899,527
147,546
3,764,269
(1,571,895)
2,192,374
1,168,211
118,172
3,478,757
￦
￦
￦
￦
＄
＄
＄
＄
Beginning of
period
Korean won (in millions) U.S. dollars (Note 2)
(in thousands)
1,399,283
1,021,484
1,226,206
23,504
271,147
83,683
141,547
4,166,854
￦
￦
Acquisition
-
-
-
-
-
-
1,018,305
1,018,305
￦
￦
Transfer
34,829
134,765
348,240
14,794
146,802
28,240
(707,670)
-
￦
￦
Disposal
(12,082)
(5,992)
(70,323)
(2,001)
(996)
(918)
(54,084)
(146,396)
￦
￦
Depreciation
-
(46,810)
(192,293)
(8,438)
(122,765)
(29,097)
-
(399,403)
￦
￦
Other
changes
-
-
-
-
-
-
24,000
24,000
￦
￦
End of period
1,422,030
1,103,447
1,311,830
27,859
294,188
81,908
422,098
4,663,360
￦
￦
End of period
1,187,201
921,228
1,095,200
23,258
245,607
68,382
352,394
3,893,270
＄
＄
Land
Buildings and
structures
Machinery and
equipment
Vehicles
Dies, molds and
tools
Other
equipment
Construction
in progress
End of the
period