LG 1999 Annual Report Download - page 35

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3
3
NOTES TO FINANCIAL STATEMENTS
For the year ended December 31, 1999
Millions of Won
Percentage of Ownership (% ) as of Acquisition Net Asset Carrying
December 31, 1999 Cost Value Value
- LG Electronics Qinhuangdao Inc. (LGEQH) (* 3) 80.00 3,284 3,392 3,392
- LG Electronics Research Center of America, Inc. (LGERCA) (* 2) 100.00 899 899 899
- LG Electronics Russia Inc. (LGERI) (* 2) 95.00 391 391 391
- LG Electronics S.A. Pty Ltd. (LGESA) (* 3) 100.00 3,382 3,722 3,722
- LG Electronics Service Europe Netherland B.V. (LGESE) (* 2) 100.00 3,978 3,978 3,978
- Shuguang LG Electronics Co., Ltd. (LGESG) 40.35 56,511 75,682 75,682
- Shanghai LG Electronics Co., Ltd. (LGESH) (* 3) 50.00 3,021 3,571 3,571
- LG Electronics DE Saopaulo Ltd. (LGESP) 100.00 28,481 14,628 14,628
- LG SEL Electronics Vietnam Ltd. (LGESV) (* 3) 55.00 1,711 4,092 4,092
- LG Electronics Sweden AB (LGESW) (* 2) 100.00 2,319 2,319 2,319
- LG Electronics Shenyang Inc. (LGESY) (* 3) 50.00 5,795 3,684 3,684
- LG Electronics Tianjin Appliance Co., Ltd. (LGETA) 70.00 42,948 49,953 49,953
- LG Electronics Thailand Co., Ltd. (LGETH) (* 3) 49.00 3,407 4,444 4,444
- LG Electronics Taiwan Co., Ltd. (LGETW) (* 2) 100.00 4,281 4,281 4,281
- LG Electronics U.K. Ltd. (LGEUK) 100.00 10,486 1,359 1,359
- LG Electronics Ukraine Co., Ltd. (LGEUR) (* 2) 100.00 1,041 1,041 1,041
- LG Electronics U.S.A., Inc. (LGEUS) (* 1) 100.00 15,673 - -
- LG Electronics Wales Ltd. (LGEWA) 100.00 101,812 77,249 77,249
- LG Soft India PVT, LTD (LGSI) (* 2) 88.00 2,920 2,920 2,920
- Zenith Electronics Corporation (Zenith) (* 1) 100.00 236,860 - -
Investments in subsidiaries and affiliates total
￦
3,914,151
￦
3,637,622
￦
3,637,622
(* 1) The equity method of accounting has been suspended due to accumulated losses.
(* 2) Small sized subsidiaries and affiliates whose total assets at the previous year-end are less than
￦
7,000 million are stated at cost in accordance with
financial accounting standards generally accepted in the Republic of Korea.
(* 3) The equity method of accounting is applied based on most recent unaudited financial statements of subsidiaries and affiliates.
Other investments -
Millions of Won
Percentage of Ownership (% ) as of Acquisition Market Carrying
December 31, 1999 Cost Value Value
Marketable equity securities
Hyundai Electronics Industries Co., Ltd. 0.44
￦
28,221
￦
52,634
￦
52,634
P.D.I. 0.39 336 1,258 1,258
Korea stock market stabilization fund 2.36 23,235 22,806 22,806
Hanaro Telecom Inc. 2.50 117,428 117,900 117,900
169,220 194,598 194,598
Non-marketable equity securities
Domestic Companies
Media Valley Inc. 1.81 300 310 300
Nara Mold & Die Co., Ltd. 19.90 597 1,220 597
Sunhan Tech Co., Ltd. 19.90 199 199 199
Castec Korea Co., Ltd. 5.00 150 150 150
Lotis Co., Ltd. 14.00 1,900 1,900 1,900
LG OTIS Elevator Co., Ltd. 19.90 89,550 89,550 89,550
Other - 208 370 208
Overseas Companies
TAISTAR 11.85 760 995 760
GEMFIRE 4.41 1,835 191 1,835
Mainstreet Networks (formerly, eT Communications) 5.45 1,468 - 1,468
iTV Corporation 13.08 1,957 - 1,957
PocketScience 4.42 473 - 473
99,397 94,885 99,397
Debt securities
Bonds issued by government 58,015 45,668 45,668
Senior secured note issued by Zenith 147,519 142,674 142,674
205,534 188,342 188,342
Other investments total 474,151 477,825 482,337
Total
￦
4,388,302
￦
4,115,447
￦
4,119,959