LG 2006 Annual Report Download - page 66

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LG ELECTRONICS INC.
NON-CONSOLIDATED STATEMENTS OF APPROPRIATIONS OF RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 2006 AND 2005
(DATES OF APPROPRIATIONS: MARCH 23, 2007 AND MARCH 10, 2006
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005, RESPECTIVELY)
(in millions of Korean won) 2006 2005
RETAINED EARNINGS BEFORE APPROPRIATIONS
Unappropriated retained earnings carried over from prior year ￦99 ￦121
Cumulative effect of change in accounting principle - 3,308
Changes in retained earnings arising from equity method accounting (57,215) (23,511)
Net income 212,718 702,801
155,602 682,719
TRANSFER FROM VOLUNTARY RESERVE
Reserve for research and manpower development 2,204,668 1,742,000
2,360,270 2,424,719
APPROPRIATIONS OF RETAINED EARNINGS
Legal reserve 12,166 19,996
Reserve for research and manpower development 2,226,347 2,204,668
Cash dividends 121,658 199,956
2,360,171 2,424,620
UNAPPROPRIATED RETAINED EARNINGS TO BE CARRIED FORWARD TO SUBSEQUENT YEAR ￦99 ￦99
LG ELECTRONICS
FINANCIAL STATEMENTS