LG 2003 Annual Report Download - page 85

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LG Electronics Inc._Annual Report 2003 85
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
13. Insured Assets
As of December 31, 2003, property, plant and equipment, other than land and certain construction in-progress,
and inventories are insured against fire and other casualty losses up to approximately ￦4,885,234 million. In
addition, the Company is insured against business interruption losses and losses arising from the transportation of
goods up to approximately ￦3,742,505 million and ￦288,477 million, respectively.
14. Short-Term Borrowings and Current Maturites of Long-Term Debt
Short-term borrowings as of December 31, 2003 and 2002 comprise the following:
(in millions of Won)
Annual interest
rate (%) at
December 31, 2003 2003 2002
Bank overdrafts - ￦-￦34,393
General term loans CD + 0.8 ~1.6 32,000 8,000
Commercial papers 4.8 ~5.7 149,319 -
Foreign currency loans 0.35 ~3.08 209,087 -
￦390,406 ￦42,393
(*) CD represents the annual interest rate for certificates of deposits.
See Note 12 for collateral arrangements for these borrowings.
Current maturities of long-term debt as of December 31, 2003 and 2002 comprise the following:
(in millions of Won)
2003 2002
Debentures ￦986,494 ￦690,040
Discount on debentures (1,382) (2,441)
Long-term debt 4,468 15,419
￦989,580 ￦703,018