LG 1999 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 1999 LG annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

5
2
(In millions of Korean W on)
Cash Flows From Operating Activities :
Net income
￦
2,005,021
Adjustments to reconcile net income to net cash provided by operating activities :
Depreciation 370,763
Amortization of discounts and premiums on debentures 28,250
Provision for severance benefits 92,070
Bad debt expense 74,569
Gain on valuation of investments, net (43,718)
Foreign currency translation gains, net (24,089)
Gain on disposal of investments, net (2,365,967)
Loss on disposal of property, plant and equipment, net 49,069
Loss on redemption of debentures 75,718
Equity in loss of affiliates, net 146,371
Gain on disposal of intangible assets (281,392)
Others, net 2,336
Changes in assets and liabilities :
Increase in trade accounts and notes receivable (38,310)
Decrease in other accounts receivable 42,284
Increase in inventories (107,553)
Increase in prepaid expenses (4,042)
Decrease in advances 37,213
Increase in other current assets (7,534)
Decrease in long-term prepaid expenses 2,158
Decrease in long-term trade accounts receivable 4,357
Decrease in deferred income tax assets 15,991
Increase in trade accounts and notes payable 242,387
Increase in other accounts payable 113,456
Increase in accrued expenses 47,153
Increase in advances from customers 17,841
Severance benefits transferred from affiliates 8,854
Increase in income taxes payable 533,953
Decrease in withholdings (24,709)
Payment of severance benefits (135,293)
Decrease in national pension fund 5,947
Net cash provided by operating activities
￦
883,154
The accompanying notes are an integral part of these financial statements.
STATEMENT OF CASH FLOWS (LGE Inc. Only)
For the year ended December 31, 1999