LG 2011 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    LG Electronics 2012 _wish USERS GUIDE What is your wish? Warning: Wishing is a powerful force. It can lead to amazing leaps of imagination. We are not responsible for the effects of this book on the reader. 01

  • Page 3
    ... Electronics. 02 My wish 12 LG's wish 14 Message from the CEO 18 Four Pilars of Core Strategy 22 My wish + LG's wish 24 Home Entertainment Company 30 Mobile Communications Company 36 Home Appliance Company 42 Air Conditioning & Energy Solution Company 48 Wish + New Business 48 Solar Energy 50 Water...

  • Page 4
    LG Electronics 2012 _wish It is a story about how your wishes become the inspiration for our engineers and designers. And how that inspiration is the very first step in the process of innovation across all of our divisions. Warning: Wishing is a powerful force. It can lead to amazing leaps of ...

  • Page 5
    LG Electronics 2012 _wish As you look through the pages of this book, remember that every product you see began with a wish. So, from everyone at LG, thank you for your inspiration. And please, never ever stop wishing. Warning: Wishing is a powerful force. It can lead to amazing leaps of ...

  • Page 6
    LG is in the wish business. First, we listen to what people dream about the most. Then, we deliver. What do you wish for? Read on. And discover that wishes really do come true. My 02 03 wish

  • Page 7
    More natural color and sound that let me feel the power all around me...an endless stream of entertainment...detail, detail, detail...

  • Page 8
    Smarter life with technology that makes my life more passionate, creative and inspiring...the latest and extreme mobile experience with the fastest speed of connectivity.

  • Page 9
    Convenience and intelligence to fit busy moms like me...style to make me proud in front of my neighbors...

  • Page 10
    Cool but soft air that keeps me always feeling fresh and won't wake me up at night...and worry-free maintenance with ultimate efficiency...

  • Page 11
    LG wishes sustainable growth for our company, our employees and our partners, and a sustainable future for our planet. We wish that our Innovation continues to deliver on people's needs. And brings new levels of ease, convenience and enjoyment to families around the world. LG's wish 12 13

  • Page 12
    ...in with friends and colleagues around the world, the more I felt the surge of optimism for greater things yet to come. As we face the future unfolding before us, it is imperative that we continue to communicate through such tight connections. It is the surest possible way for us to sense the changes...

  • Page 13
    ... and marketing-execute with that consumers' needs in mind. I am excited to share with you that many of our products, from 3D Cinema TV and LTE phones to the world's largest capacity refrigerators and washing machines, have truly captured the hearts and minds of people around the world. And 2012...

  • Page 14
    ...application they create an entirely new market. There simply is no substitute for innovation. 18 Strong Fundamentals There is nothing more fundamental to consumer trust than quality. LG's Founding Chairman once said: "Even if there is just one defective product out of 100, the other 99 are likewise...

  • Page 15
    ... we create, but in the way we nurture and challenge our future engineers, designers and corporate leaders. We must have the vision today to trust in their vision for tomorrow. And to give them the freedom now to explore new avenues of innovation that will keep LG on the forefront for generations...

  • Page 16
    Innovation that astounds us. Style that inspires us. And technology that is beneficial to our homes, our families-and our environment. It turns out that we're both wishing for the very same things! Read on. wish wish 22 23 My LG's

  • Page 17
    HOME ENTERTAINMENT COMPANY Mesmerizing. It's LG. Our engineers set out not just to grant your entertainment wishes-but to surpass them! With a lineup of fully-immersive products that guarantee an eyepopping reaction the first time you turn them on. And that will keep you amazed for years to come....

  • Page 18
    ...ix, Hulu Plus and the brand new 3D World. LG Pentouch TV, a very smart way to watch!  Wish for red dot Design Award * OLED: Organic Light Emitting Diodes IPS Monitors (IPS7W, TM92, D43) See 3D from a whole new angle. The high resolution and wider viewing angles of LG IPS* Monitors let everyone...

  • Page 19
    ...and LCD TVs to home theater systems, projectors and so much more. No wonder LG is the industry trendsetter for innovative home Ultrabook (Z330) It's easy to get carried away with technology this convenient. The LG SUPER Ultrabook features award-winning Super Compact Clutch design in a laptop barely...

  • Page 20
    MOBILE COMMUNICATIONS COMPANY Blazing. It's LG. LG's latest range of smartphones puts full control of today's lifestyle at your fingertips. Groundbreaking technology, stylish design, and a full slate of features keeps you connected on the go like never before. LG Optimus True HD LTE 30 31

  • Page 21
    ...GHz dual-core processor and seamless LTE connectivity also make this phone impressively quick. LTE: Long Term Evolution. It is a standard for wireless communication of high-speed data for * mobile phones and succeed 3G WCDMA/HSDPA/HSUPA (and also CDMA) technology. Wish for LG Optimus 3D Max The LG...

  • Page 22
    ... unique modern square shape offers exquisite style, allowing comfortable, one-handed multi-tasking. The LG Optimus L5 features the latest Android 4.0 operating system, Ice Cream Sandwich, as well as NFC Tag & Play functionality (EU). that take speed to a whole new level. True HD IPS and 3D displays...

  • Page 23
    ... your wish for convenience. And we've come up with some very surprising ways to answer that call. In fact, LG Home Appliance Company has a smarter, fresher and, we're proud to say, more stylish line-up of appliances than any other company in the world. Wish, granted! French Door Refrigerator 36 37

  • Page 24
    ... Load Washing Machine Wash more per load, and do fewer loads per day! With LG you get the industry's largest washing machine, big enough for the bulkiest comforters. Plus Inverter Direct Drive* to save energy, TurboWashâ„¢ for faster wash and rinse cycle times, and 6 Motion* Direct Drive technology...

  • Page 25
    ... a finger! technologies-Linear Compressor*, Inverter Direct Drive, KOMPRESSOR™, and Lightwave-we have refined our line-up even further with Smart Saving and Smart Convenience. Built-in Appliances LG has put all of its industry-leading innovation and design into the My Signature Kitchen suite of...

  • Page 26
    ... after month. LG Air Conditioning and Energy Solution Company's HVAC offerings redefine efficiency for the entire industry, while bringing more peace, quiet, vitality and comfort to homes, offices and buildings of every size. * HVAC: Heating, Ventilating & Air Conditioning Prestige Inverter V 42...

  • Page 27
    ...HVAC systems and provide sustainable energy benefits. Hydro Kit Floor heating, cooling and hot water supply reach new levels of efficiency with LG's Hydro Kit. The advanced heat pump technology takes advantage of ambient air from other parts of the building to deliver 360% greater energy efficiency...

  • Page 28
    ... life. Less energy. Simply brilliant! From the very first air conditioner sold in Korea, to over 100 million units sold around the world, LG Air Conditioning and Energy Solution Company is a long-standing global leader in making homes comfortable. Our innovative HVAC solutions and energy management...

  • Page 29
    ... world in renewable energy. The engineers of both LG Electronics and LG Chem have been conducting groundbreaking research for the past 20 years, well before most companies even conceived of solar as a viable commercial prospect. Add those decades of insight to a half-century designing and building...

  • Page 30
    ..., a company aimed at providing world-class solutions to businesses in need of effective water treatment. By combining the global business, research and technological expertise or these two great corporations, LG-Hitachi Water Solutions is quickly becoming a leader in engineering, procurement and...

  • Page 31
    We wish to maintain our hardearned reputation for bringing added value to the lives of consumers. We wish that our investments in sustainability, sports, and community causes bring health, prosperity and joy to our friends and neighbors around the world. We wish 52 53

  • Page 32
    ..., solar power, electric vehicles, water treatment and smart grid not only because they're good for the planet-but they will also be good for our bottom line. Energy Star* partner of the year ceremony 6 Motion washing machine, introduced as an eco-friendly product at CES 2012 for its energy saving...

  • Page 33
    ...handson experiments and imaging technology. After great success with children throughout Korea, the program has been expanded to India visiting more than 70 schools each year. And, since 2010, LG has sponsored "Champions of the Earth," the United Nations' ï¬,agship environmental award. Where hope is...

  • Page 34
    ...Sports for an exclusive, fully-integrated campaign that will put our name on air, in print, in arenas, online, in stores, and as part of promotional tie-ins throughout the year. Pit exit at the 2011 Formula 1 Petronas Malaysia Grand Prix * NCAA: The National Collegiate Athletic Association 58 59

  • Page 35
    ...a campaign meant to convert consumers in that market to digital TV standards. It's a mix of Technology & Decorator. * Techorator: Design consultant who offers counseling of harmony between new electronic products and consumer's house interior. Performance of Korea's popular idol group, Super Junior...

  • Page 36
    ... continues to be honored with Industry Awards around the world. These honors are a reï¬,ection of the passion our employees put into every product we create. And they are a reaffirmation of what consumers already know: how LG's steady stream of worldleading innovation fulfills their fondest wishes...

  • Page 37
    ... Award 2011 - Robotic Vacuum Cleaner red dot Design Award 2012 - European Bottom Freezer red dot Design Award 2012 - Clothing Management Cabinet red dot Design Award 2012 - Dishwasher (Honorable Mention) red dot Design Award 2012 - French Door Refrigerator (Honorable Mention) 2009 & 2010 New...

  • Page 38
    ...Strategic Planning Division Corporate Business Planning Division d Sales by Company ORGANIZATION EMPLOYEES Korea 35,284 Total 91,457 As of 2011_ In Billions of Korean Won iti on in g Corporate Audit Division HA 20% Middle East & Africa 10% &E Sales by Region North America 23% Europe 15...

  • Page 39
    ... co., Ltd. Lg electronics (Shenyang), inc. Lg electronics tianjin appliances co., Ltd. taizhou Lg electronics refrigeration co., Ltd. Lg electronics taiwan taipei co., Ltd. Yantai Lg inspur Lg Digital Mobile communications co., Ltd. Lg electronics (Shanghai) research and Development center co., Ltd...

  • Page 40
    ... & CEO / Mobile Communications Company Moon-Bum Shin Executive Vice President & CEO / Home Appliance Company Hwan-Yong Nho President & CEO / Air Conditioning & Energy Solution Company Ki-Wan Kim Executive Vice President / Global Marketing Officer Kun-Pyo Lee Executive Vice President / Corporate...

  • Page 41
    ...the world's first Bluetooth headset combined mobile phone • Unveiled the world's first Blu-ray network storage • Held international environment conference with UN • Developed the world's first LTE mobile modem chip • Recorded over 100 million units of LG air conditioners in accumulated sales...

  • Page 42
    ... Statements of Cash Flows To the Board of Directors and Shareholders of LG Electronics Inc. We have audited the accompanying consolidated statements of financial position of LG Electronics Inc. and its subsidiaries (collectively the "Group") as of December 31, 2011 and 2010, and the related...

  • Page 43
    ... Other financial liabilities Deferred income tax liabilities Defined benefit liability Provisions Other non-current liabilities 4,257,406 20,490 378 15,237 423,306 575,632 3,238 5,295,687 Total liabilities Equity attributable to owners of the Parent Company Paid-in capital: Capital stock Share...

  • Page 44
    ... 31, 2011 and 2010 2011 2010 (in millions of Korean Won) 2011 (432,805) 2010 1,282,119 Continuing operations Net sales Cost of sales Gross profit Selling and marketing expenses Administrative expenses Research and development expenses Service costs Other operating income Other operating expenses...

  • Page 45
    ... scope of subsidiaries Others Total transactions with equity holders of the Parent Company Balance at December 31, 2010 Balance at January 1, 2011 Comprehensive income Profit (loss) for the year Available-for-sale financial assets Cash flow hedges Actuarial loss on defined benefit liability Currency...

  • Page 46
    ...'re not stopping here. As long as you keep wishing, we'll keep working. And finding new ways to make life better for all! Produced by HS Ad | Created by inca communications + designcompany co., ltd. wish LG Twin Towers 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, 150-721, Korea | Tel +82 2 3777...