LG 2004 Annual Report Download - page 108

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LG Electronics Inc.
Notes to Non-Consolidated Financial Statements
December 31, 2004 and 2003
25. Transactions with Related Parties
Significant transactions entered into in the ordinary course of business with related parties for the years ended December 31, 2004
and 2003, and the related account balances outstanding as of December 31, 2004 and 2003, are summarized as follows:
1. For year ended December 31, 2004, purchases of 478,811 million include the purchase of LG.Philips Displays Holding B.V.’s trade accounts receivable from the Company’s subsidiaries amounting to
245,895 million.
2. It includes purchase and sale of investment securities from (to) LG Corp.
LG Infocomm U.S.A. Inc. (LGICUS)
LG Electronics U.S.A. Inc. (LGEUS)
Hitachi-LG Data Storage Inc. (HLDS)
LG Electronics Service Europe Netherlands B.V. (LGESE)
LG Electronics Huizhou Inc. (LGEHZ)
LG Electronics Italy S.P.A. (LGEIS)
LG Electronics United Kingdom Ltd.(LGEUK)
LG Telecom, Ltd.
LG Electronics Australia PTY, Ltd.(LGEAP)
Hi Plaza Inc.
LG IBM PC Co., Ltd.
LG Electronics Wales Ltd. (LGEWA)
PT LG Electronics Display Devices Indonesia (LGEDI)
LG.Philips LCD Co., Ltd.
LG.Philips Displays Holding B.V. 1
LG Chem, Ltd.
Zenith Electronics Corporation (Zenith)
MRO
Others 2
2004
2003
(in millions of Korean won)
Receivables
5,719
1,107
25,120
54,277
11
435
6,413
160,077
1,407
1,119
57,484
72
12,914
29,521
7,577
2,451
-
7,580
259,432
632,716
584,407
Payables
183
-
475
1,635
16
10,415
47,422
372
48
18,178
2,817
34
46
84,407
29,575
27,443
-
60,130
283,183
566,379
319,545
Sales
3,088,021
1,021,092
997,625
914,416
817,745
760,432
710,424
694,471
632,622
485,871
292,754
239,174
222,097
149,248
25,964
4,725
2,955
1,573
5,733,951
16,795,160
12,590,720
Purchases
7,110
4,707
37,934
36,129
2,062
91,233
109,526
1,020
5,171
43,444
33,496
1,722
2,784
461,660
478,811
351,535
69
112,431
1,563,281
3,344,125
2,679,403