LG 1999 Annual Report Download - page 44

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on any convertible debt, by the weighted average number of common shares and diluted securities outstanding during the year. Diluted ordinary
income per share is computed by dividing diluted ordinary income allocated to common stock, which is diluted net income allocated to common
stock as adjusted by extraordinary gains or losses, net of related income taxes, by the weighted average number of common shares and diluted
securities outstanding during the year, assuming conversion into common shares at January 1, 1999.
Diluted earnings per share and ordinary income per share for the year ended December 31, 1999 are calculated as follows :
Millions of Won (except for EPS data)
Net income allocated to common stock
￦
1,984,971
Add : Interest expenses on convertible bonds, net of tax 1,906
1,986,877
Weighted average number of common shares and diluted securities outstanding 108,820,224
Diluted earnings per share and ordinary income per share
￦
18,258
The diluted securities outstanding for the year ended December 31, 1999 are as follows :
- Diluted security : Foreign currency denominated convertible bonds, issued in 1996
- Issue price :
￦
33,096 million (US$ 40 million)
- Conversion period : December 26, 1996 through October 26, 2006
- Number of common stocks to be issued : 1,492,558 shares
- Conversion price :
￦
22,174 per share
21. Dividends :
Unappropriated retained earnings available for dividends for 1999 are as follows :
Millions of Won
Unappropriated retained earnings before appropriations
￦
1,266,092
Reversal of voluntary reserves 11,290
Appropriations of legal reserve and reserve for business rationalization (212,800)
1,064,582
Appropriations of voluntary reserves (937,160)
Unappropriated retained earnings available for dividends after appropriations 127,422
Dividends
￦
127,378
Details of dividends for the year ended December 31, 1999 are as follows :
Dividends
Common shares Preferred shares
Number of shares 107,327,666 19,095,547
Par value
￦
5,000
￦
5,000
Dividend ratio 20% 21%
Total dividends
￦
107,327,666,000
￦
20,050,324,350
Dividend Payout Ratio
Total dividends to be paid out (A)
￦
127,377,990,350
Net income (B) 2,005,021,086,932
Dividend payout ratio ((A)/ (B)) 6.35%
Dividend Yield Ratio
Common shares Preferred shares
Dividend per share (A)
￦
1,000
￦
1,050
Market price as of December 31, 1999 (B)
￦
47,000
￦
25,060
Dividend Yield Ratio ((A)/ (B)) 2.13% 4.19%
22. Transactions with Related Parties :
Significant transactions entered into in the ordinary course of business with related parties for the year ended December 31, 1999 and the
related account balances outstanding at December 31, 1999 are summarized as follows.
Millions of Won
Sales Purchases Receivables Payables
LG Electronics U.S.A., Inc.
￦
696,998
￦
12,777
￦
13,993
￦
12,754
LG Electronics Alabama, Inc. 317,061 8,415 6,491 8,794
LG Goldstar France S.A.R.L. 221,287 10,500 1,131 10,239
PT LG Electronics Display Devices Indonesia 215,896 41,193 16,259 286
Zenith Electronics Corporation 75,994 6,153 143,490 6,153
Other 3,198,234 970,297 191,127 237,303
￦
4,725,470
￦
1,049,335
￦
372,491
￦
275,529