LG 2004 Annual Report Download - page 112

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LG Electronics Inc.
Notes to Non-Consolidated Financial Statements
December 31, 2004 and 2003
30. Operating Results for the Final Interim Period
Significant operating results for the three-month periods ended December 31, 2004 and 2003, are as follows:
Sales
Cost of sales
Operating income
Net income (loss) for the period
Basic earnings (loss) per share (in won)
Diluted earnings (loss) per share (in won)
(in millions of Korean won, except per share amounts)
2004
6,521,349
5,065,431
94,909
163,381
1,046
1,023
2003
5,417,450
4,144,519
197,694
(17,206)
(164)
(164)
31. Supplemental Cash Flow Information
Significant transactions not affecting cash flows for the years ended December 31, 2004 and2003, are as follows:
32. Approval of Non-Consolidated Financial Statements
The non-consolidated financial statements of the Company will be approved by the Board of Directors on February 19, 2005.
33. Subsequent Event
On January 1, 2005, the Company merged a part of PC division of LG IBM PC Co., Ltd., a joint venture with IBM Korea Inc. This merger
is aimed to optimize business efficiency, align operational strategies, and maximize profitability.
On January 24, 2005, the Company signed a memorandum of understanding with Nortel Networks Corporation of Canada for
establishment of a joint venture to engage in the field of communication equipment and networking solution.
Reclassification of current maturities of debentures
Transfer to buildings, machinery and others from construction-in-progress
Changes in capital adjustments arising from the equity method
of accounting for investments
Transfer to machinery and equipment from machinery-in-transit
Reclassification of current maturities of long-term debt
Changes in retained earnings arising from deducting organization costs
(in millions of Korean won)
2004
649,140
400,505
136,267
33,933
-
-
2003
985,112
102,259
7,641
108,299
4,468
3,271