LG 2003 Annual Report Download - page 83

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LG Electronics Inc._Annual Report 2003 83
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
11. Intangible Assets
Changes in intangible assets for the year ended December 31, 2003 are as follows:
(in millions of Won)
Industrial Other
property Development Organization intangible
Goodwill rights costs costs assets Total
Balance as of January 1, 2003 ￦296,012 ￦415,497 ￦183,877 ￦3,271 ￦73,810 ￦972,467
Additions 598 49,368 - - 33,015 82,981
Disposals (261) - - - (13) (274)
Amortization (40,195) (83,726) (68,306) - (23,397) (215,624)
Other reductions (*) (52) - - (3,271) 74 (3,249)
Balance as of
December 31, 2003 ￦256,102 ￦381,139 ￦115,571 ￦- ￦83,489 ￦836,301
Accumulated amortization as of
December 31, 2003 ￦141,619 ￦285,222 ￦226,057 ￦3,848 ￦62,271 ￦719,017
(*) In accordance with SKFAS No. 3, the remaining balance of organization costs was deducted from retained earnings.
Changes in intangible assets for the nine-month period from April 1, 2002 (spin-off date) to December 31, 2002
are as follows:
(in millions of Won)
Industrial Other
property Development Organization intangible
Goodwill rights costs costs assets Total
Balance as of April 1, 2002 ￦326,343 ￦464,735 ￦180,433 ￦-￦59,341 ￦1,030,852
Additions 495 10,473 54,513 3,848 32,141 101,470
Disposals (606) (70) - - (3,448) (4,124)
Amortization (30,220) (59,641) (51,069) (577) (14,224) (155,731)
Balance as of
December 31, 2002 ￦296,012 ￦415,497 ￦183,877 ￦3,271 ￦73,810 ￦972,467
Accumulated amortization as of
December 31, 2002 ￦101,663 ￦201,676 ￦157,751 ￦577 ￦38,903 ￦500,570