LG 2007 Annual Report Download - page 36

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NON-CONSOLIDATED BALANCE SHEETS
NON-CONSOLIDATED BALANCE SHEETS
66 + 67
(in millions of Korean won) 2007 2006
Assets
Current assets
Cash and cash equivalents
532,371
490,315
Short-term financial instruments - 20,000
Trade accounts and notes receivable, net 548,503 899,904
Inventories, net 945,570 1,103,654
Other accounts receivable, net 226,086 232,430
Prepaid expenses 111,101 75,679
Accrued income, net 67,283 53,174
Advances, net 73,887 55,180
Derivative transaction debit 665 6,646
Deferred income tax assets 238,991 161,898
Other current assets, net 82,970 61,497
Total current assets
2,827,427
3,160,377
Property, plant and equipment, net 4,037,055 4,256,321
Long-term financial instruments 14,854 28,040
Long-term investment securities 16,199 37,078
Equity method investments 6,308,815 4,583,577
Refundable deposits 329,626 319,241
Long-term advance payments 193,540 149,505
Long-term prepaid expenses 112,189 125,531
Long-term loans receivable, net 90,302 103,748
Intangible assets, net 398,481 462,217
Derivative transaction debit 5,641 4,507
Other investment assets 3,676 -
Total assets
14,337,805
13,230,142
December 31, 2007 and 2006
(in millions of Korean won) 2007 2006
Liabilities and shareholders' equity
Current liabilities
Short-term borrowings
29,265
37,674
Current maturities of long-term debts and debentures, net 370,867 792,569
Trade accounts and notes payable 1,838,402 1,764,116
Other accounts payable 1,051,298 1,083,209
Income taxes payable 42,196 42,813
Accrued expenses 835,332 805,438
Withholdings 46,033 53,705
Unearned income 40,132 35,928
Advances from customers 149,424 284,595
Derivative transaction credit 19,682 1,281
Total current liabilities 4,422,631 4,901,328
Debentures and convertible bonds, net of current maturities and discounts on debentures 1,366,043 792,197
Long-term debts, net of current maturities 281,460 849,944
Accrued severance benefits, net 245,005 228,635
Product warranty reserve 165,031 241,956
Deferred income tax liabilities 570,213 257,396
Derivative transaction credit 76,720 23,832
Other long-term liabilities - 38
Total liabilities
7,127,103
7,295,326
Commitments and contingencies
Shareholders' equity
Capital stock 809,169 809,169
Capital surplus
Paid-in capital in excess of par value 2,207,919 2,207,919
Other capital surplus 12,074 12,074
Capital adjustments
Treasury stock (44,893) (44,893)
Accumulated other comprehensive income
Gain on valuation of available-for-sale securities 5,359 4,623
Loss on valuation of available-for-sale securities (560) (89)
Gain on valuation of equity-method investments 847,300 824,148
Loss on valuation of equity-method investments (148,632) (300,365)
Retained earnings
Statutory reserve 91,049 106,656
Voluntary reserve 2,254,119 2,204,668
Unappropriated retained earnings 1,177,798 110,906
Total shareholders' equity
7,210,702
5,934,816
Total liabilities and shareholders' equity
14,337,805
13,230,142
December 31, 2007 and 2006