LG 2003 Annual Report Download - page 57

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LG Electronics Inc._Annual Report 2003 57
Non-Consolidated Statements of Cash Flows, Continued
Year Ended December 31, 2003 and Nine-Month Period from April 1, 2002 (Spin-Off Date) to December 31, 2002
(in millions of Won)
2003 2002
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of short-term financial instruments (39,966) (436)
Acquisition of short-term trading securities - (48)
Decrease in short-term and long-term loans, net 73,214 24,398
Disposal (acquisition) of long-term financial instruments (894) 5,374
Proceeds from disposal of investment securities 175,654 315,505
Acquisition of investment securities (490,732) (678,612)
Payment of refundable deposits (32,715) (38,041)
Proceeds from disposal of property, plant and equipment 39,630 15,917
Proceeds from disposal of intangible assets 291 3,188
Proceeds from disposal of derivatives 4,603 11,716
Acquisition of property, plant and equipment (758,998) (472,001)
Acquisition of intangible assets (82,867) (95,832)
Others (200) 96
Net cash used in investing activities (1,112,980) (908,776)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings 342,024 23,694
Payment of current maturities of long-term debt (705,460) (1,311,748)
Proceeds from issuance of debentures 1,247,738 696,702
Proceeds from long-term debt 22,242 -
Payment of debentures (24,347) (41,302)
Payment of dividends (157,396) -
Proceeds from disposal of treasury stock 2,536 -
Acquisition of treasury stock - (12,514)
Early redemption of long-term debt (243) (45,079)
Net cash provided by (used in) financing activities 727,094 (690,247)
Net increase (decrease) in cash and cash equivalents 519,677 (91,799)
CASH AND CASH EQUIVALENTS
Beginning of the year (Note 32) 17,176 108,975
End of the year (Note 32) ￦536,853 ￦17,176
*The accompanying notes are an integral part of these non-consolidated financial statements.