LG 2000 Annual Report Download - page 75

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Condensed income statements
For the eight-month
period ended For the year ended
August 31, 2000 December 31, 1999
Sales W2,006,376 W2,768,022
Cost of sales 1,436,022 2,025,206
Gross profit 570,354 742,816
Selling and administrative expenses 327,183 511,005
Opreating income 243,171 231,811
Non-operating income (expenses) (57,801) 185,308
Income before income taxes 185,370 417,119
Income taxes 59,671 119,327
Net income W 125,699 W 297,792
26. Subsequent Events:
Through a resolution by the board of directors on January 19, 2001, the Company has determined to grant employees a certain
portion of its treasury stock to encourage successful corporate restructuring.
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