LG 2007 Annual Report Download - page 38

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70 + 71
(in millions of Korean won) Total
Balance at January 1, 2007
809,169
2,219,993
(44,893)
687,981
2,466,926
6,139,176
Cumulative effect of
changes in accounting principles - - - (159,664) (44,696) (204,360)
Restated balance 809,169 2,219,993 (44,893) 528,317 2,422,230 5,934,816
Cash dividends - - - - (121,659) (121,659)
Appropriation of retained earnings - - - - 2,300,571 5,813,157
Net income - - - - 1,222,395 1,222,395
Change in equity from
equity method - - - 23,152 - 23,152
Change in equity from
negative equity method - - - 151,733 - 151,733
Gain on valuation of
available for sale securities - - - 265 - 265
Balance at December, 2007
809,169
2,219,993
(44,893)
703,467
3,522,966
7,210,702
Capital
stock
Capital
surplus
Capital
adjustments
Accumulated other
comprehensive
income
Retained
earnings (in millions of Korean won) 2007 2006
Cash flows from operating activities
Net income
1,222,395
239,203
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation 595,605 591,211
Amortization 116,777 115,763
Amortization of discounts on debentures 2,294 23,674
Provision for severance benefits 218,572 186,811
Loss from transfer of trade accounts and notes receivable 202,594 204,546
Bad debt expense 3,643 -
Gain on foreign currency translation, net 36,426 (76,640)
Gain from disposal of investment securities, net (28,656) (23,474)
Loss on impairment of assets, net 101,195 837
Loss from disposal of property, plant and equipment, net (7,730) 10,875
Equity in losses (gains) of equity-method investees, net (1,293,945) 174,626
Loss (gain) on valuation of derivatives, net 70,772 18,345
Gain on settlement of derivatives, net 4,429 (18,835)
Provision for product warranties, net 401,423 738,543
Stock compensation costs 11,256 -
Reversal of compensation costs - (5,799)
Loss on redemption of debentures (8,240) -
Reversal of accounts receivables - (7,473)
Others 3,178 21,136
Net adjustments
429,593
1,954,146
NON-CONSOLIDATED STATEMENTS OF CASH FLOWSNON-CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
Year Ended December 31, 2007 Years Ended December 31, 2007 and 2006