LG 2001 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2001 LG annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 99

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99

LG Electronics Inc. The
43
rd Annual Report
Notes to Financial Statements
for the years ended December 31, 2001 and 2000
231,780 million.
In December 2001, the Company purchased 218,845 shares of common stock of LG CNS Co., Ltd. for
48,146 million.
In December 2001, PT LG Electronics Display Devices Indonesia (LGEDI) executed stock redemption,
reducing investment stocks of the Company by 50,000 shares. As a result, the Company recognized gain on
disposal of investment amounting to 21,576 million.
8. Property, Plant and Equipment
Property, plant and equipment as of December 31, 2001 and 2000 comprise the following :
Millions of Won
2001 2000
Buildings 1,002,446 1,095,616
Structures 89,215 107,578
Machinery and equipment 1,027,145 1,282,603
Tools 726,384 776,989
Furniture and fixtures 479,525 484,019
Vehicles 24,113 27,099
3,348,828 3,773,904
Accumulated depreciation (1,279,316) (1,500,218)
2,069,512 2,273,686
Land 773,525 794,384
Construction in progress 70,302 218,694
Machinery in transit 10,148 50,324
2,923,487 3,337,088
As of December 31, 2001 and 2000, the value of the Company s land, as determined by the local
government in Korea for property tax assessment purposes, approximates 639,124 million and
655,189 million, respectively.
As of December 31, 2001, property, plant and equipment, other than land and certain construction in
progress, and inventories are insured against various property risks including fire and other casualty losses
up to approximately 5,059,245 million.
A substantial portion of property, plant and equipment as of December 31, 2001 and 2000 is pledged
as collateral for various loans from banks, including Korea Development Bank, up to a maximum Won
equivalent amount of approximately 325,782 million and 649,139 million, respectively (see Notes 10
and 11).