LG 2002 Annual Report Download - page 35

LG Electronics Inc. IAnnual Report 2002 I66 67
Domestic Companies
LG Sports Ltd. ￦ (4) ￦ - ￦ 1 ￦ (3)
LG Innotek Co., Ltd. (995) 757 350 112
LG Investments Security Inc. 36,707 - (11,136) 25,571
LG.Philips LCD Co., Ltd. 2,495 - (923) 1,572
Hi Plaza Inc. (2,591) (772) 400 (2,963)
Overseas Companies
LG Electronics India Pvt Ltd.(LGEIL) 375 - (375) -
Nanjing LG-Tontru Color Display
System Co., Ltd. (LGENT) 13 - (13) -
LG Electronics Service Europe Netherlands B.V. (LGESE) (144) - 39 (105)
LG Electronics Shenyang Inc. (LGESY) 494 - (114) 380
TaiZhou LG-ChunLan Home Appliances
Co., Ltd. (LGECT) - 20,731 - 20,731
LG.Philips Displays Holding B.V. (213,519) - 37,680 (175,839)
Others 6,418 992 (7,861) (451)
￦ (170,751) ￦ 21,708 ￦ 18,048 ￦ (130,995)
Percentage (Millions of Won)
of ownership (%) at Market value
December 31, 2002 Acquisition cost or net asset value Carrying value
(Millions of Won)
April 1, 2002 Addition Amortization December 31, 2002
(* 1) The equity method of accounting has been suspended due to accumulated losses.
(* 2) Investments in small sized subsidiaries and affiliates whose total assets as of the previous year-end amounted to less than
￦ 7,000 million are stated at cost, in accordance with financial
accounting standards generally accepted in the Republic of Korea.
(* 3) The equity method of accounting is applied based on the affiliates' unaudited financial statements.
(* 4) Acquisition cost was written off due to the negative net book value of the investment as of December 31, 2002.
For the nine-month period ended December 31, 2002, the details of changes in differences between the initial purchase price and the Company’s initial proportionate
ownership of the net book value of the investee are as follows:
Continued;
Continued;
Percentage (Millions of Won)
of ownership (%) at Market value
December 31, 2002 Acquisition cost or net asset value Carrying value
<M arketable equity securities>
Hynix Semiconductor Inc. 0.38 ￦ 24,298 ￦ 527 ￦ 527
KT Corp. 0.76 127,441 119,653 119,653
LG Card Co., Ltd. 0.46 1,820 10,842 10,842
Nara MND 12.34 812 3,570 3,570
Voiceware Co., Ltd. 13.08 206 1,844 1,844
Vodavi Technology Inc. 19.86 2,928 1,853 1,853
157,505 138,289 138,289
<Non-marketable equity securities>
Domestic Companies
Innopla Co., Ltd. 19.90 245 645 245
Castec Korea Co., Ltd. 5.00 150 489 150
Msoltech 10.00 635 242 635
Airlinktek 10.00 589 245 589
Korea Information Certificate Authority Inc. 9.35 1,852 1,774 1,852
STIC Co., Ltd. 94.00 28,200 29,959 28,200
Association of Electronics Environment 36.04 4,349 1,795 4,349
Megaround Co., Ltd. 19.90 318 315 318
TEMCO, Inc. 13.04 1,200 1,200 1,200
Netgenetech. Co., Ltd. 15.01 176 176 176
MACHI 9.50 150 150 150
Manager Society, Inc. 3.70 200 200 200
Mobisys Telecom 11.63 279 279 279
Thermo Metrix Technology 19.90 158 158 158
WOWLINUX 8.33 100 100 100
Others - 952 952 952
Overseas Companies
Gemfire Corp. 4.41 1,835 170 1,835
Erlang Technology Inc. 8.40 1,129 187 1,129
Mainstreet Networks (* 4) 5.45 1,468 - -
iTV Corporation (* 4) 13.08 1,957 - -
Pocket Science (* 4) 4.42 473 - -
Neopoint Inc. (* 4) 16.62 1,604 - -
E2OPEN.COM 6.25 12,751 3,606 12,751
Cenix Inc. 2.07 3,272 958 3,272
Monet Mobile Networks 1.90 1,299 871 1,299
SUNPOWER.INC 10.35 1,257 219 1,257
Others - 346 346 346
66,944 45,036 61,442
<Debt securities>
Bonds issued by the government ￦ 11 ￦ 9 ￦ 9
Senior secured note issued by Zenith 131,900 97,817 97,817
Others 44 44 44
131,955 97,870 97,870
Other investments total 356,404 281,195 297,601
Investments securities Total ￦ 3,747,936 ￦ 2,636,224 ￦ 2,652,630
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