LG 2001 Annual Report Download - page 86

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ยป86
LG Electronics Inc. The
43
rd Annual Report
Notes to Financial Statements
for the years ended December 31, 2001 and 2000
22. Transactions with Related Parties
Significant transactions entered into in the ordinary course of business with related parties for the years
ended December 31, 2001 and 2000 and the related account balances outstanding at December 31,
2001 and 2000 are summarized as follows.
Millions of Won
Sales Purchases Receivables Payables
LG Electronics U.S.A., Inc. 1,325,732 38,266 8,662 30,106
LG Electronics Alabama, Inc. 235,923 24,870 3,130 9,697
LG Electronics Service Europe Netherlands B.V. 436,066 4,509 6,686 28,104
Hitachi-LG Data Storage Inc. 923,833 141,899 36,531 15,610
Zenith Electronics Corporation 18,911 - 273,801 1,143
LG.Philips Displays Holding B.V. 24,647 184,326 5,931 104,480
LG International Corp. 445,637 26,719 9,711 4,080
LG TeleCom Ltd. 302,226 20,374 161,666 3,862
Other 3,590,069 1,103,084 286,876 336,687
2001 Total 7,303,044 1,544,047 792,994 533,769
2000 Total 7,028,871 1,504,114 806,155 425,381
23. Segment Information
The Company has organized four reportable business divisions: digital display & media division, digital
appliances division, display device division and information & communications division. Additionally, the
Company has a centralized supporting division to provide general and administrative, marketing and sales
and research and development services to each business division. The Company transferred the assets and
liabilities of display device division to LG.Philips Displays Korea Co., Ltd. on June 30, 2001. Therefore,
display device division does not exist as of December 31, 2001.
Main products each business division manufactures and sells are as follows :
Digital Display & Media division : VCR, PC, computer, CD-ROM, TV, monitor, audio and PDP
Digital Appliances division : refrigerator, washing machine, air conditioner, microwave oven and
vacuum cleaner
Display Device division : CPT/CDT, DY, FBT, electron gun and magnetron
Information & Communications division : mobile telecommunication systems, mobile phones, electronic
switching systems, transmission equipment and network equipment