LG 2000 Annual Report Download - page 61

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Millions of won 2000 1999
Goodwill W 375,170 W –
Development costs 120,557 82,938
Industrial property rights 558,702 15,979
Other 38,083 7,192
W1,092,512 W106,109
Details of research and development costs incurred for the years ended December 31, 2000 and 1999 are as follows :
Millions of won 2000 1999
Capitalized W 76,836 W 74,271
Expensed 295,776 179,697
W372,612 W253,968
As a result of the merger with LG Information & Communications, Ltd., the Company recognized goodwill of W393,820 million
and acquired industrial property rights of W578,788 million. Related amortization expenses of goodwill and industrial property
rights approximate W21,275 million and W38,180 million, respectively, for the year ended December 31, 2000 (Note 25).
10. Short-Term Borrowings:
Short-term borrowings as of December 31, 2000 and 1999 comprise the following :
Annual interest rates (%) In millions
as of December 31, 2000 2000 1999
Bank overdrafts 10.5 – 11.5 W 430 W 16,957
Won currency loans :
General term loans 7.5 – 8.25 171,500 81,500
Notes discounted 7.05 – 7.86 357,100 –
Loans from insurance companies – –20,000
528,600 101,500
Foreign currency loans LIBOR + 1 - 1.5 11,849 11,324
US$ 9 US$ 1
¥ 897
Trade loans 1.48 – 9.3 117,476 –
US$ 91
¥ 250
W658,355 W129,781
See Notes 3 and 8 for collateral arrangements for these borrowings.
Current maturities of long-term debt as of December 31, 2000 and 1999 comprise the following :
Millions of won 2000 1999
Debentures W1,410,500 W1,154,450
Discount on debentures, net (11,263) (6,158)
Long-term debt 261,197 217,800
Long-term other accounts payable 3,282 –
W1,663,716 W1,366,092
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