LG 2001 Annual Report Download - page 89

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LG Electronics Inc. The
43
rd Annual Report
Notes to Financial Statements
for the years ended December 31, 2001 and 2000
Condensed balance sheets of LGIC as of August 31, 2000 and December 31, 1999 and the related
statements of income are as follows (Millions of Won) :
Condensed balance sheets -
As of August 31, 2000 As of December 31, 1999
Current assets 1,221,105 894,135
Investment 1,571,884 1,473,054
Property, plant and equipment 228,085 198,261
Intangible assets 36,176 30,508
Total assets 3,057,250 2,595,958
Current liablities 1,910,295 1,021,601
Non-current liabilities 623,748 403,647
Total liabilities 2,534,043 1,425,248
Shareholders equity 523,207 1,170,710
Total liabilities and shareholders equity 3,057,250 2,595,958
Condensed income statements
For the eight-month period ended August 31, 2000 For the year ended December 31, 1999
Sales 2,006,376 2,768,022
Cost of sales 1,436,022 2,025,206
Gross profit 570,354 742,816
Selling and administrative expenses 327,183 511,005
Opreating income 243,171 231,811
Non-operating income (expenses) (57,801) 185,308
Income before income taxes 185,370 417,119
Income taxes 59,671 119,327
Net income 125,699 297,792