LG 2003 Annual Report Download - page 55

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LG Electronics Inc._Annual Report 2003 55
Non-Consolidated Statements of Appropriations of Retained Earnings
Year Ended December 31, 2003 and Nine-Month Period from April 1, 2002 (Spin-Off Date) to December 31, 2002
(Dates of Appropriations: March 12, 2004 and March 14, 2003 for the year ended December 31, 2003 and the nine-month period from April 1,
2002 (spin-off date) to December 31, 2002, respectively)
(in millions of Won)
2003 2002
Retained earnings before appropriations
Unappropriated retained earnings carried over
from the prior year ￦15 ￦-
Effect of change in accounting principle (Note 11) (3,271) -
Changes in retained earnings arising from
equity method accounting (Note 9) (13,576) -
Net income 662,824 277,716
645,992 277,716
Transfer from voluntary reserve
Reserve for research and manpower development 76,590 -
722,582 277,716
Appropriations of retained earnings
Legal reserve 19,660 15,743
Reserve for research and manpower development 506,200 76,590
Reserve for improvement of financial structure - 27,771
Loss from disposal of treasury stock 62 166
Cash dividends (Note 24) 196,600 157,431
722,522 277,701
Unappropriated retained earnings to be
carried forward to the subsequent year ￦60 ￦15