LG 2000 Annual Report Download - page 48

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In millions of Korean won 2000 1999
Cash flows from Operating Activities :
Net income W 502,183 W 2,005,021
Adjustments to reconcile net income to net cash provided by operating activities :
Depreciation 524,050 370,763
Amortization of discounts and premiums on debentures 27,234 28,250
Provision for severance benefits 127,087 92,070
Bad debt expense 117,546 74,569
Loss on valuation of investments, net –(40,644)
Foreign currency translation losses (gains), net 85,460 (24,089)
Gain on disposal of investments, net (171,045) (2,364,752)
Loss on disposal of property, plant and equipment, net 22,317 49,069
Loss on redemption of debentures 664 75,718
Equity in losses (earnings) of affiliates, net (287,368) 146,371
Gain on disposal of intangible assets –(281,392)
Others, net 29,429 (1,953)
Changes in assets and liabilities :
Decrease (increase) in trade accounts and notes receivable 272,942 (33,953)
Decrease in other accounts receivable 4,116 42,284
Increase in inventories (265,654) (107,553)
Decrease (increase) in prepaid expenses 28,654 (1,884)
Decrease (increase) in advances (90,079) 37,213
Increase in other current assets (24,598) (7,534)
Decrease in deferred income tax assets 134,249 15,991
Increase in trade accounts and notes payable 121,455 242,387
Increase in other accounts payable 199,956 113,456
Increase in accrued expenses 54,286 47,153
Increase in advances from customers 58,660 17,841
Increase (decrease) in income taxes payable (457,980) 533,953
Decrease in withholdings (7,523) (24,709)
Payment of severance benefits (85,046) (135,293)
Decrease in contribution to national pension fund 6,709 5,947
Other (2,210) 8,854
Net cash provided by operating activities W 925,494 W 883,154
The accompanying notes are an integral part of these financial statements
Continued;
48
Non-Consolidated Statements of Cash flows
For the years ended December 31, 2000 and 1999