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LG ELECTRONICS ANNUAL REPORT 2004
004
005
Income Statement (in billions of Korean won)
Summarized Financial Statements
To compare our 2004 results appropriately with the previous year, we have used pro forma full year
2002 numbers from January 1st to December 31st 2002 in the financial highlights and figures below.
It should be noted that our company underwent a demerger in April 2002, and our official financial
statements are based on a nine-month period from April to December 2002.
I. Current Assets 4,111 3,773 2,963
Quick Assets 2,436 2,269 1,782
Inventories 1,675 1,504 1,181
II. Fixed Assets 9,124 7,508 7,170
Investment Assets 4,859 3,546 3,304
Tangible Assets 3,630 3,123 2,893
Intangible Assets 636 836 973
Total Assets 13,234 11,277 10,133
I. Current Liabilities 4,959 5,091 4,737
II. Fixed Liabilities 3,259 2,682 2,391
Total Liabilities 8,218 7,773 7,128
I. Paid-in Capital 784 784 784
II. Capital Surplus 1,908 1,892 1,876
III. Retained Earnings 2,064 766 278
IV. Capital Adjustment 261 63 67
Total Shareholders
’
Equity 5,016 3,505 3,005
Total Liabilities and Shareholders
’
Equity 13,234 11,277 10,133
1. Sales 24,659 20,177 17,095
Domestic 5,086 4,794 5,458
Exports 19,573 15,383 11,637
2. Cost of Sales 18,736 15,351 14,254
3. Gross Profit 5,924 4,826 4,349
4. SG&A 4,674 3,764 3,321
5. Operating Profit 1,250 1,062 1,029
6. Non-operating Income 1,610 1,123 721
7. Non-operating Expenses 999 1,349 1,074
8. Recurring Profit 1,860 837 675
9. Extraordinary Gains - - -
10.Extraordinary Losses - - -
11.Income Before Income Taxes 1,860 837 675
12. Tax 314 174 178
13. Net Profit 1,546 663 498
※The sales on raw materials (outsourcing related) and PC Buy & Sell in 2002 are excluded for like-for-like comparisons.
2004 2003 2002
2004 2003 2002
Balance Sheet (in billions of Korean won)