LG 2007 Annual Report Download - page 39

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72 + 73
(in millions of Korean won) 2007 2006
Changes in operating assets and liabilities
Decrease in trade accounts and notes receivable 149,240 296,236
(Increase) decrease in other accounts receivable (43,268) 24,252
Increase in accrued income (31,274) (2,131)
Increase in advances (18,569) (8,889)
Increase in other current assets (17,196) (20,485)
Decrease in inventories 152,067 316,254
Increase in prepaid expenses (35,422) (6,038)
Increase in long-term advance payments (44,035) (11,782)
Decrease (increase) in long-term prepaid expenses 13,342 (30,461)
(Increase) decrease in deferred income tax assets (77,093) 200
Increase (decrease) trade accounts and notes payable 55,920 (24,361)
Decrease in other accounts payable (33,267) (18,268)
Increase (decrease) in accrued expenses 13,848 (77,616)
(Decrease) increase in withholdings (7,709) 13,084
(Decrease) increase in advances from customers (84,672) 70,758
(Decrease) increase in income taxes payable (41,681) 20,842
Payment of severance benefits (139,880) (210,763)
(Increase) decrease in severance insurance deposits (43,402) 9,033
Decrease in contribution to the National Pension Fund 1,828 4,076
Increase (decrease) in deferred income tax liabilities 293,986 (73,232)
Decrease in product warranty reserve (478,348) (609,086)
Dividends received 22,807 16,673
Others 476 (56,664)
Net changes (392,302) (378,368)
Net cash provided by operating activities 1,259,686 1,814,981
(in millions of Korean won) 2007 2006
Cash flows from investing activities
Disposal of short-term and long term loans 20,818 15,553
Increase in short-term and long term loans (12,462) (24,493)
Decrease in short-term financial instruments 20,000 -
Increase in short-term financial instruments - (20,000)
Disposal of long-term financial instruments 37,936 25,198
Acquisition of long-term financial instruments (24,750) (34,293)
Proceeds from disposal of investment securities 35,998 23,912
Acquisition of investment securities (222,705) (237,320)
Return of refundable deposits 57,866 118,886
Payment of refundable deposits (67,347) (47,675)
Proceeds from disposal of property, plant and equipment 143,296 28,823
Proceeds from disposal of intangible assets 377 23,910
Proceeds from disposal of derivatives 41,556 50,685
Acquisition of property, plant and equipment (577,766) (766,181)
Acquisition of intangible assets (77,451) (153,360)
Acquisition of derivatives (40,620) (31,102)
Net cash used in investing activities (665,254) (1,027,457)
Cash flows from financing activities
Proceeds from short-term borrowings 174,679 40,000
Repayment of short-term borrowings (175,382) (44,992)
Repayment of current maturities of long-term debt (786,248) (1,011,516)
Proceeds from issuance of debentures 649,018 -
Proceeds from long-term debt 185,320 381,550
Repayment of long-term debt (478,104) (43,559)
Payment of dividends (121,659) (199,956)
Net cash used in financing activities (552,376) (878,473)
Net increase (decrease) in cash and cash equivalents 42,056 (90,949)
Cash and cash equivalents
Beginning of the year 490,315 581,264
End of the year 532,371
490,315
NON-CONSOLIDATED STATEMENTS OF CASH FLOWSNON-CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31, 2007 and 2006 Years Ended December 31, 2007 and 2006