LG 2003 Annual Report Download - page 91

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LG Electronics Inc._Annual Report 2003 91
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
Option Amount Contract
type (in millions) Exercise price due date
Call US$5.00 ￦1,212.0/US$ May 6, 2004
Put US$5.00 ￦1,175.0/US$ May 19, 2004
Call US$5.00 ￦1,208.5/US$ May 19, 2004
Put US$5.00 ￦1,180.0/US$ June 14, 2004
Call US$5.00 ￦1,219.3/US$ June 14, 2004
Put US$10.00 ￦1,170.0/US$ March 12, 2004
Call US$10.00 ￦1,199.1/US$ March 12, 2004
Korea Development Bank Put US$5.00 ￦1,180.0/US$ June 14, 2004
Call US$5.00 ￦1,219.3/US$ June 14, 2004
Credit Agricole Indosuez Put US$5.00 ￦1,170.0/US$ May 13, 2004
Call US$5.00 ￦1,200.25/US$ May 13, 2004
Bank One Put US$5.00 ￦1,180.0/US$ May 6, 2004
Call US$5.00 ￦1,208.1/US$ May 6, 2004
Put US$5.00 ￦1,170.0/US$ May 14, 2004
Call US$5.00 ￦1,199.4/US$ May 14, 2004
ABN-AMRO Bank Put US$10.00 ￦1,150.0/US$ April 7, 2004
Call US$10.00 ￦1,177.1/US$ April 7, 2004
Put US$10.00 ￦1,190.0/US$ June 22, 2004
Call US$10.00 ￦1,225.4/US$ June 22, 2004
Korea Exchange Bank Put US$10.00 ￦1,170.0/US$ January 16, 2004
Call US$10.00 ￦1,192.8/US$ January 16, 2004
Put US$10.00 ￦1,190.0/US$ July 2, 2004
Call US$10.00 ￦1,230.0/US$ July 2, 2004
Societe Generale Put US$10.00 ￦1,150.0/US$ April 6, 2004
Call US$10.00 ￦1,178.6/US$ April 6, 2004
In order to reduce the impact of changes in interest rates and exchange rates, the Company has entered into a
cross currency swap contract. An unrealized valuation loss of ￦1,684 million was charged to current operations for
the year ended December 31, 2003. A summary of the terms of the outstanding cross currency swap contract as of
December 31, 2003 is as follows:
(in millions of Won)
Transaction amount Annual interest rate (%)
Receipts Disbursement Receipts Disbursement Maturity
Standard Chartered Bank ￦110,000 US$93 4.50% 3M Libor + 0.79% November 7, 2005
As a result of the above derivatives contracts, a realized gain of ￦9,049 million and a realized loss of ￦6,022