LG 2003 Annual Report Download - page 105

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LG Electronics Inc._Annual Report 2003 105
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
33. Subsequent Event
Upon a resolution of the Board of Directors in February 2004, the Company is scheduled to acquire commercial
papers (having a face value of ￦100,000 million at an annual interest rate of 7.5%, and maturing at the end of three
months from the issuance date) of LG Card Co., Ltd., as part of the fulfillment of LG Card Co., Ltd.’s business
normalization agreement with the creditor financial institutions.
34. Reclassification of Prior Year Financial Statement Presentation
Certain amounts in the non-consolidated financial statements as of December 31, 2002 and for the nine-month
period from April 1, 2002 (spin-off date) to December 31, 2002, presented herein for comparative purposes, have
been reclassified to conform to the non-consolidated financial statements presentation as of and for the year ended
December 31, 2003. These reclassifications had no effect on previously reported net income or shareholders’
equity.