LG 2001 Annual Report Download - page 48

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ยป48
LG Electronics Inc. The
43
rd Annual Report
Non-Consolidated Income Statements
for the years ended December 31, 2001 and 2000
In millions of Korean Won except for EPS amounts
2001 2000
Sales (Note 22) 16,600,971 14,835,674
Cost of sales (Note 22) 12,914,998 11,820,761
Gross profit 3,685,973 3,014,913
Selling and administrative expenses 2,890,007 2,093,828
Operating income 795,966 921,085
Non-operating income :
Interest income 62,987 66,933
Dividends income 2,627 299
Foreign exchange gains 186,040 185,552
Gain on disposal of property, plant and equipment 2,357 2,359
Gain on disposal of investments (Note 7) 112,192 254,910
Equity in earnings of affiliates, net (Note 7) - 287,368
Royalty income 92,380 56,154
Gain on business transfer (Note 26) 1,358,760 -
Gain on valuation of security stabilization fund 10,972 -
Gain on transaction of derivatives (Note 14) 21,474 -
Gain on valuation of derivatives (Note 14) 66,908 -
Other 228,369 188,145
2,145,066 1,041,720
Non-operating expenses :
Interest expense 392,519 436,870
Foreign exchange losses 268,643 275,389
Loss from transfer of trade accounts and notes receivable 132,743 196,222
Loss from disposal of property, plant and equipment 57,422 24,675
Loss from disposal of investments (Note 7) 386,015 83,865
Loss from redemption of debentures 8,750 664
Equity in losses of affiliates, net (Note 7) 901,473 -
Donations 6,797 6,875
Other bad debt expenses 37,101 53,657
Loss on trasaction of derivatives (Note 14) 40,662 -
Loss on valuation of derivatives (Note 14) 3,073 -
Other 132,134 156,052
2,367,332 1,234,269
Ordinary income 573,700 728,536
Extraordinary gains - 188
Extraordinary losses - -
Income before income tax expenses 573,700 728,724
Income tax expenses (Note 19) 66,418 226,541
Net income 507,282 502,183
The accompanying notes are an integral part of these financial statements. Continued;