LG 2003 Annual Report Download - page 64

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64
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
3. Cash and Cash Equivalents
Cash and cash equivalents as of December 31, 2003 and 2002 consist of the following:
(in millions of Won)
Annual interest rate (%) at December 31, 2003
2003 2002
Cash on hand - ￦47 ￦78
Checking accounts - 2,873 914
Foreign currency checking accounts - 24,977 7,014
Demand deposits 0.1 - 0.3 1,795 8,330
Foreign currency time deposits 0.3 - 0.7 120,161 840
Money market funds 3.5 - 4.0 127,000 -
Time deposits 3.85 - 4.35 210,000 -
Beneficiary certificates 3.1 50,000 -
￦536,853 ￦17,176
4. Financial Instruments
Short-term and long-term financial instruments as of December 31, 2003 and 2002 consist of the following:
(in millions of Won)
Annual interest rate (%) at December 31, 2003
2003 2002
SHORT-TERM FINANCIAL INSTRUMENTS
Installment deposits 6.5 ￦732 ￦766
Time deposits 3.95 - 4.0 40,000 -
40,732 766
LONG-TERM FINANCIAL INSTRUMENTS
Installment deposits - - 429
Other deposits 0.2 - 4.5 9,623 8,300
9,623 8,729
￦50,355 ￦9,495
As of December 31, 2003 and 2002, long-term financial instruments amounting to ￦9,623 million and ￦8,300
million, respectively, are deposited in connection with maintaining checking accounts or research and development
projects funded by the government. The withdrawal of these financial instruments is restricted.