LG 2003 Annual Report Download - page 74

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74
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
LG Infocomm Thailand, Inc. (LGICTH) 60.00 3,246 5,851 5,851 3,246 4,356 4,356
Vietnam Korea Exchange, Ltd. (V.K.X.) 40.00 1,736 2,328 2,328 1,736 2,316 2,316
LG TOPS 40.00 2,699 906 906 2,699 1,267 1,267
LG Electronics System India, Ltd.
(LGSYS) (*1, *4) - - - - 6,400 - -
LGE (China) R&D Center (*9) 100.00 8,201 6,539 6,539 - - -
Electromagnetica Goldstar S.R.L. (*2) 50.00 508 508 508 508 508 508
SLD Telecom Pte. Ltd. (*8) 44.00 29,001 25,190 25,190 10,042 10,042 10,042
LG.Philips Displays Holding B.V. (*10) - - - - 1,086,431 433,819 433,819
LG (Yantai) Information &
Communication Technology Co., Ltd. (*2)
100.00 2,720 2,720 2,720 2,720 2,720 2,720
COMMIT Incorporated (*7) - - - - 4,990 4,990 4,990
LG Holdings (HK) Ltd. (*8) 31.82 38,523 44,496 44,496 23,448 22,241 22,241
Kunshan LGMS Computer Co., Ltd. (LGMSK)
51.00 1,155 915 915 - - -
Qingdao LG Langchao Digital
Communication Co., Ltd.(*2) 60.00 2,973 2,973 2,973 - - -
LG Electronics Czech S.R.O. (LGECZ) 100.00 6,534 7,165 7,165 - - -
LG Electonics Nature (Hangzhou)
Recording Media Co., Ltd.(LGEHN) (*2) 49.00 3,036 3,036 3,036 - - -
LG Electronics Inc. Chile Limitada
(LGECL) (*2) 100.00 5,856 5,856 5,856 - - -
￦2,994,548 ￦2,621,879 ￦2,621,879 ￦3,344,880 ￦2,355,029 ￦2,355,029
(*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 or which are
newly established in the current period are stated at cost, in accordance with financial accounting standards generally accepted in the Republic of
Korea.
(*3) This was reclassified into available-for-sale securities in 2003 from equity method investment securities in 2002.
(*4) LG Electronics System India, Ltd. (LGSYS) was merged into LG Electronics India Pvt. Ltd. (LGEIL) in 2003.
(*5) The operation of this subsidiary was suspended as of December 31, 2003
(*6) This was reclassified into equity method investment securities in 2003 from available-for-sale securities in 2002.
(*7) This was reclassified into available-for-sale securities in 2003 from equity method investment securities in 2002.
(*8) During 2003, the Company purchased additional shares of common stock of these subsidiaries.
(*9) During 2003, the subsidiaries were newly established.
(*10) The Company sold all the shares of LG.Philips Displays Holding B.V. to LGEWA during 2003.
The equity method of accounting is applied based on the affiliates’ most recent available financial information,
some of which have not been audited or reviewed.
(in millions of Won)
Percentage of 2003 2002
ownership (%) at Acquisition Net asset Carrying Acquisition Net asset Carrying
December 31, 2003 cost value value cost value value