LG 2001 Annual Report Download - page 50

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ยป50
LG Electronics Inc. The
43
rd Annual Report
Non-Consolidated Statements of Appropriations of Retained Earnings
for the years ended December 31, 2001 and 2002
Dates of appropriations : March 14, 2002 and March 9, 2001
In millions of Korean Won
2001 2000
Unappropriated retained earnings before appropriations :
Unappropriated retained earnings carried over from prior year 24 44
Adjustments of retained earnings due to equity method of accounting 58,079 2,074
Net income for the year 507,282 502,183
565,385 504,301
Reversal of other reserves
Reserve for business rationalization - 115,115
Reserve for technological development 391,280 407,237
Reserve for export losses - 14,000
Reserve for redemption of redeemable preferred stock 544,000 -
1,500,665 1,040,653
Appropriations of retained earnings (Note 17) :
Legal reserve 13,889 14,500
Reserve for business rationalization 150,000 70,000
Reserve for technological development 549,162 141,400
Reserve for redemption of redeemable preferred stock
- 544,000
Redemption of redeemable preferred stock 544,000 -
Loss from disposal of treasury stock 104,704 125,868
Cash dividends (Note 21) 138,891 144,861
1,500,646 1,040,629
Unappropriated retained earnings to be carried forward to subsequent year 19 24
The accompanying notes are an integral part of these financial statements.