LG 2009 Annual Report Download - page 51

NON-CONSOLIDATED STATEMENTS
OF CASH FLOWS
Years Ended December 31, 2009 and 2008
NON-CONSOLIDATED STATEMENTS
OF CASH FLOWS
Years Ended December 31, 2009 and 2008
(in millions of Korean won) 2009 2008
Changes in operating assets and liabilities
Increase in trade accounts and notes receivable (3,213,147) (1,074,136)
Decrease (increase) in other accounts receivable 37,611 (5,302)
Decrease (increase) in accrued income 15,777 (88,909)
Increase in advances (38,535) (5,614)
Decease (increase) in other current assets (33,191) 9,388
Decrease in inventories 134,103 13,557
Increase in prepaid expenses (61,278) (43,249)
Increase in long-term advance payments (91,143) (98,624)
Increase in long-term prepaid expenses (273,330) (88,840)
Increase in deferred income tax assets (90,195) (51,332)
Increase in trade accounts and notes payable 1,669,489 435,828
Increase in other accounts payable 37,648 249,900
Increase in advances from customers 47,213 113,752
Increase in withholdings 76,344 24,488
Increase in accrued expenses 74,565 293,355
Increase (decrease) in income taxes payable (39,663) 54,555
Decrease in product warranty reserve (346,472) (329,729)
Decrease in provisions for sales return (1,143) -
Payment of severance benefits (212,986) (152,514)
Decrease (increase) in severance insurance deposits 73,133 (80)
Increase in severance fund assets (32,699) -
Decrease in contribution to the National Pension Fund 1,824 2,554
Increase (decrease) in deferred income tax liabilities 305,749 (69,064)
Decrease in provisions for restoration (320) -
Dividends received 191,507 168,489
Others (17,967) 15,409
(1,787,106) (626,118)
Net cash provided by operating activities 492,807 1,347,893
(in millions of Korean won) 2009 2008
Cash flows from investing activities
Proceeds from disposal of long-term financial instruments 38,352 30,323
Disposal of short-term and long-term loans 30,710 57,793
Return of refundable deposits 47,651 66,347
Proceeds from disposal of long-term investment securities 486 56,773
Proceeds from disposal of equity-method investments - 23,375
Proceeds from disposal of property, plant and equipment 89,702 139,266
Proceeds from disposal of intangible assets 8,516 5,078
Proceeds from disposal of derivatives 45,492 74,558
Proceeds from business transfer - 56,859
Acquisition of short-term financial instruments (173,000) (50,000)
Acquisition of long-term financial instruments (36,338) (40,505)
Increase in short-term and long-term loans (62,780) (42,595)
Acquisition of long-term investment securities (66,978) (1,415)
Acquisition of equity-method investments (268,467) (64,413)
Payment of refundable deposits (39,730) (61,253)
Acquisition of property, plant and equipment (605,893) (636,252)
Acquisition of intangible assets (47,094) (56,669)
Acquisition of derivatives (131,841) (210,210)
Others 403 1,144
Net cash used in investing activities (1,170,809) (651,796)
Cash flows from financing activities
Issuance of short-term borrowings 188,585 386,809
Issuance of debentures 568,025 -
Issuance of long-term debts 190,000 190,000
Payment of short-term borrowings (302,305) (140,000)
Payment of dividends (57,232) (137,765)
Payment of current maturities of long-term debts (275,750) (370,867)
Net cash provided by (used in) financing activities 311,323 (71,823)
Net increase (decrease) in cash and cash equivalents (366,679) 624,274
Cash and cash equivalents
Beginning of the year 1,156,645 532,371
End of the year \ 789,966
\ 1,156,645
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