LG 1999 Annual Report Download - page 45

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23. Segment Information :
The Company has organized three reportable business divisions : Display division, Home Appliances division and Multimedia division. Additionally,
the Company has a centralized supporting division to provide general and administrative, marketing and sales and research and development
services to each business division.
Main products each business division manufactures and sells are as follows :
Display division : TV, CPT/ CDT, Monitor, DY, FBT, Electron gun, Magnetron and PDP
Home Appliances division : Refrigerator, Washing machine, Air conditioner, Microwave oven and Vacuum cleaner
Multimedia divisionaVCR, PC, Computer, CD-ROM and Audio
Financial Data by Business Division (Millions of Won)
Business Division
Total Multimedia Home Appliances Display Supporting Division
Ⅰ
. Sales
External Sales
￦
10,546,099
￦
2,952,759
￦
3,032,259
￦
4,205,273
￦
355,808
Inter-division Sales 1,459,978 43,754 994,172 377,902 44,150
12,006,077 2,996,513 4,026,431 4,583,175 399,958
Ⅱ
. Ordinary Income (Loss) 684,012 216,419 525,231 522,974 (580,612)
Ⅲ
. Fixed Assets
Tangible and Intangible assets 2,832,358 415,288 796,847 766,147 854,076
Depreciation 370,763 58,081 82,535 152,963 77,184
Financial data by Geographic Area (Million of Won)
North Central & South
Total Domestic America America Europe Central Asia Asia Pacific Others
Sales
￦
12,006,077
￦
4,163,891
￦
2,407,551
￦
376,425
￦
1,364,540
￦
423,478
￦
2,917,293
￦
149,002
￦
203,897
24. Supplemental Cash Flow Information :
The Company considers cash on hand, bank deposits and highly liquid marketable securities with original maturities of three
months or less to be cash and cash equivalents.
Pursuant to the provision of the revised Financial Accounting Standards, the Company amended the beginning balance of
the cash and cash equivalents on the statement of cash flows as of January 1, 1999. As a result of retroactive adoption of the
revised standards, the beginning balance of cash and cash equivalents on the statement of cash flows as of January 1, 1999 was
decreased by
￦
131,153 million.
Significant transactions not affecting cash flows for the year ended December 31, 1999 are as follows :
Millions of Won
Transfer to property, plant and equipment from construction in progress
￦
35,735
Transfer to machinery and equipment from machinery in transit 79,602
Additional provision of severance benefits 11,907
Reclassify current maturities of debenture 1,154,450
Reclassify current maturities of long-term debt 217,800
Retroactive adoption of the revised standards on prior year’s research cost 425,582
Retroactive adoption of the revised standards on deferred income tax 254,280
Retroactive adoption of the revised standards on sales of receivables 34,734
Retroactive adoption of the revised standards on the equity method of accounting 251,797
Transfer to investments from receivables from Zenith 433,119
25. Subsequent Events :
On January 1, 2000, LG information Communications Co., Ltd., an affiliate, transferred its domestic sales division of its mobile phone business.
The purchase price and payment terms are presently being negotiated.
NOTES TO FINANCIAL STATEMENTS
For the year ended December 31, 1999