LG 2003 Annual Report Download - page 90

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90
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
As of December 31, 2003, the Company has outstanding forward contracts with UFJ Bank and others for selling
US Dollars and buying Japanese Yen amounting to US$25 million (contract exchange rates: ￥106.57: US$1 ~ ￥
111.42: US$1, contract due dates: January through March 2004).
As a result of the above foreign currency forward contracts, an unrealized valuation gain and loss amounting to
￦654 million and ￦3,715 million, respectively, were charged to current operations for the year ended December
31, 2003.
In order to reduce the impact of changes in exchange rates, the Company has entered into foreign currency
option contracts. An unrealized valuation loss amounting to ￦4,461 million was charged to current operations for
the year ended December 31, 2003. A summary of the terms of outstanding currency option contracts as of
December 31, 2003 is as follows:
Option Amount Contract
type (in millions) Exercise price due date
Deutsche Bank Put US$10.00 ￦1,150.0/US$ January 8, 2004
Call US$10.00 ￦1,161.25/US$ January 8, 2004
Put US$10.00 ￦1,150.0/US$ January 8, 2004
Call US$10.00 ￦1,165.4/US$ January 8, 2004
Put US$10.00 ￦1,180.0/US$ February 11, 2004
Call US$10.00 ￦1,208.35/US$ February 11, 2004
Put US$10.00 ￦1,175.0/US$ March 4, 2004
Call US$10.00 ￦1,199.0/US$ March 4, 2004
Standard Chartered Bank Put US$10.00 ￦1,170.0/US$ January 19, 2004
Call US$10.00 ￦1,189.6/US$ January 19, 2004
Put US$10.00 ￦1,155.0/US$ March 12, 2004
Call US$10.00 ￦1,177.9/US$ March 12, 2004
Put US$10.00 ￦1,150.0/US$ April 6, 2004
Call US$10.00 ￦1,177.35/US$ April 6, 2004
Citi Bank Put US$10.00 ￦1,150.0/US$ January 28, 2004
Call US$10.00 ￦1,168.0/US$ January 28, 2004
Put US$5.00 ￦1,185.0/US$ June 16, 2004
Call US$5.00 ￦1,222.9/US$ June 16, 2004
KorAm Bank Put US$10.00 ￦1,150.0/US$ January 28, 2004
Call US$10.00 ￦1,168.0/US$ January 28, 2004
Put US$10.00 ￦1,175.0/US$ February 18, 2004
Call US$10.00 ￦1,207.8/US$ February 18, 2004
Put US$10.00 ￦1,150.0/US$ March 9, 2004
Call US$10.00 ￦1,171.5/US$ March 9, 2004
Put US$5.00 ￦1,180.0/US$ May 6, 2004