LG 2006 Annual Report Download - page 64

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LG ELECTRONICS INC.
NON-CONSOLIDATED STATEMENTS OF INCOME
YEARS ENDED DECEMBER 31, 2006 AND 2005
(in millions of Korean won, except per share amounts) 2006 2005
Sales ￦23,170,719 ￦23,774,151
Cost of sales 17,727,403 17,663,551
Gross prot 5,443,316 6,110,600
Selling and administrative expenses 4,908,402 5,195,960
Operating income 534,914 914,640
Non-operating Income
Interest income 45,743 56,595
Equity in earnings of equity-method investees 225,018 516,588
Foreign exchange gains 326,121 313,365
Gain on valuation of derivatives 11,154 9,134
Gain on settlement of derivatives 45,936 39,369
Gain on disposal of investment securities 24,792 48,713
Reversal of allowance for doubtful accounts 7,473 7,487
Rent income 28,495 21,020
Dividend income 675 1,073
Gain on disposal of property, plant and equipment 4,988 3,895
Refund of income taxes 6,573 38,828
Gain on business transfer - 28,607
Others 27,413 49,271
754,381 1,133,945
LG ELECTRONICS
FINANCIAL STATEMENTS