LG 2001 Annual Report Download - page 51

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LG Electronics Inc. The
43
rd Annual Report
Non-Consolidated Statements of Cash Flows
for the years ended December 31, 2001 and 2000
The accompanying notes are an integral part of these financial statements.
In millions of Korean Won
2001 2000
CASH FLOWS FROM OPERATING ACTIVITIES :
Net income 507,282 502,183
Adjustments to reconcile net income to net cash provided by operating activities :
Depreciation 625,221 524,050
Amortization of discounts and premiums on debentures 21,231 27,234
Provision for severance benefits 141,296 127,087
Bad debt expense 38,452 117,546
Foreign currency translation losses, net 48,482 85,460
Loss (gain)on disposal of investments, net 273,823 (171,045)
Loss on disposal of property, plant and equipment, net 55,065 22,317
Loss on redemption of debentures 8,750 664
Equity in losses (earnings)of affiliates, net 901,473 (287,368)
Loss (gain)on valuation of derivatives, net (63,835) 21,473
Loss on transaction of derivatives, net 19,188 -
Product warranty provision 31,221 -
Gain on business transfer (1,358,760) -
Others (9,154) 7,956
Changes in assets and liabilities :
Decrease (increase)in trade accounts and notes receivable (344,309) 272,942
Decrease in other accounts receivable 1,962 4,116
Decrease (increase)in inventories 150,626 (265,654)
Decrease (increase)in prepaid expenses (22,986) 28,654
Decrease (increase)in advances 16,727 (90,079)
Decrease (increase)in other current assets 9,842 (24,598)
Decrease (increase)in deferred income tax assets (107,217) 134,249
Increase in trade accounts and notes payable 98,368 121,455
Increase in other accounts payable 91,164 199,956
Increase in accrued expenses 109,104 54,286
Increase (decrease)in advances from customers (21,551) 58,660
Increase (decrease)in income taxes payable 3,026 (457,980)
Decrease in withholdings (9,564) (7,523)
Payment of severance benefits (148,131) (85,046)
Decrease in contribution to national pension fund 4,857 6,709
Other 4,778 (2,210)
Net cash provided by operating activities 1,076,431 925,494