LG 2004 Annual Report Download - page 101

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LG Electronics Inc.
Notes to Non-Consolidated Financial Statements
December 31, 2004 and 2003
LG ELECTRONICS ANNUAL REPORT 2004
100
101
As of December 31, 2004, Hana Bank has provided guarantees of 26,264 million to the Company. The Company is contingently liable
for guarantees approximating 1,766,502 million, including US$1,180 million, on the indebtedness of its subsidiaries and affiliates as
follows:
In order to reduce the impact of changes in exchange rates on future cash flows, the Company has entered into foreign currency
forward contracts. As of December 31, 2004, the Company has outstanding forward contracts with ABN-AMRO and others for selling
US dollars amounting to US$198 million at contract exchange rates of 1,035.70 : US$1 ~ 1,180.30 : US$1, with contract due dates of
January through July 2005.
As of December 31, 2004, the Company has outstanding forward contracts with Societe General Bank and others for selling euro and
buying US dollars amounting to €37 million at contract exchange rates of €1.2459 : US$1 ~ €1.3436 : US$1, with contract due dates of
January through March 2005.
As of December 31, 2004, the Company has outstanding forward contracts with UFJ Bank and others for selling US dollars and buying
Japanese yen amounting to US$75 million at contract exchange rates of 102.84 : US$1 ~ 107.08 : US$1, with contract due dates of
January through March 2005.
As a result of the above foreign currency forward contracts, an unrealized valuation gain and loss amounting to 11,097 million and
2,201 million, respectively, were charged to current operations for the year ended December 31, 2004.
PT LG Electronics Display Device Indonesia (LGEDI)
LG Electronics Wales Ltd. (LGEWA)
LG Electronics Service Europe Netherlands B.V. (LGESE)
LG Electronics Tianjin Appliance Co., Ltd. (LGETA)
LG Electronics Mexico S.A. de C.V. (LGEMS)
LG Electronics Mlawa SP.Zo.O. (LGEMA)
LG Electronics Monterrey Mexico S.A. de C.V. (LGEMM)
LG Electronics Gulf FZE (LGEGF)
PT LG Electronics Indonesia (LGEIN)
LG Electronics Japan Inc. (LGEJP)
LG Electronics da Amazonia Ltda. (LGEAZ)
LG Electronics de Sao Paulo Ltda. (LGESP)
LG.Philips Displays Holding B.V.
LG Electronics U.S.A., Inc. (LGEUS)
LG Electronics Italy S.P.A. (LGEIS)
Zenith Electronics Corporation
Others
(in millions of Korean won)
171,183
134,045
125,065
123,820
99,186
88,906
72,168
55,321
54,800
54,486
52,190
52,190
52,190
40,708
28,963
6,263
555,018
1,766,502