LG 2009 Annual Report Download - page 49

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NON-CONSOLIDATED STATEMENTS
OF APPROPRIATIONS OF RETAINED EARNINGS
Years Ended December 31, 2009 and 2008
(in millions of Korean won, except per share amounts) 2009 2008
Sales, net \ 30,513,436
\ 27,638,515
Cost of sales
23,418,287 20,822,187
Gross profit 7,095,149 6,816,328
Selling and administrative expenses 5,480,328 5,589,438
Operating income 1,614,821 1,226,890
Non-operating income
Interest income 59,153 82,056
Rent income 23,965 32,238
Foreign exchange gains 1,856,955 1,381,577
Gain on disposal of investment securities 405 53,626
Gain on disposal of property, plant and equipment 7,716 20,696
Gain on valuation of equity-method investments 1,377,260 983,424
Gain on settlement of derivatives 40,121 73,892
Gain on valuation of derivatives 24,653 5,371
Others 102,181 37,655
3,492,409 2,670,535
Non-operating expenses
Interest expense 107,756 107,425
Foreign exchange losses 1,764,501 2,229,935
Donations 14,828 11,945
Loss from disposal of property, plant and equipment 29,589 13,648
Loss from disposal of intangible assets 21,770 4,452
Loss from transfer of trade accounts receivable 70,466 151,878
Loss on impairment of investment securities 37,577 3,062
Loss on impairment of property, plant and equipment 92 90,292
Loss on valuation of equity-method investments 129,573 392,638
Loss on settlement of derivatives 78,659 172,422
Loss on valuation of derivatives 12,143 129,625
Other depreciation 38,851 30,106
Others 284,806 44,973
2,590,611 3,382,401
Income before income taxes 2,516,619 515,024
Income tax expense 463,784 32,238
Net income \ 2,052,835 \ 482,786
Basic earnings per share (in won) \ 12,740 \ 2,992
(in millions of Korean won) 2009 2008
Retained earnings before appropriations
Unappropriated retained earnings carried over from prior year \ 99 \ 263,799
Cumulative effect of change in accounting principle - 26,423
Transfer to other comprehensive income - (40,887)
Loss on valuation of equity-method investments
exceeding book value (47,484) -
Net income 2,052,835 482,786
2,005,450 732,121
Transfer from discretionary reserve
Reserve for research and manpower development 3,949,343 3,252,504
5,954,793 3,984,625
Appropriations of retained earnings
Discretionary reserve 28,272 5,723
Reserve for research and manpower development 5,643,697 3,921,571
Cash dividends 282,725 57,232
Dividends (ratio) per share
Common stock :
￦ 1,750 (35%) in 2009,
￦ 350 (7%) in 2008
Preferred stock :
￦ 1,800 (36%) in 2009,
￦ 400 (8%) in 2008
5,954,694 3,984,526
Unappropriated retained earnings to be carried forward to subsequent year \ 99 \ 99
NON-CONSOLIDATED STATEMENTS
OF INCOME
Years Ended December 31, 2009 and 2008
85
84