Samsung 1998 Annual Report Download - page 44

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4. Cash and bank deposits
Cash and bank deposits at December 31, 1998 and 1997 consist of the following :
Annual Interest Rates(%) Thousands of Korean Won
1998 1998 1997
Cash on hand and in banks - 141,822,284 26,068,865
Passbook accounts 1 27,220,625 31,093,071
Installment and time deposits 6.5-18.0 876,275,738 1,207,995,182
Foreign currency deposits 4.6-6.5 157,613,974 129,835,851
Group severance insurance deposits 8.5 178,528,734 346,654,387
Other deposits - 76,410 368,197
1,381,537,765 1,742,015,553
Less : portion classified as non-current (194,059,084) (374,858,303)
1,187,478,681 1,367,157,250
At December 31, 1998 and 1997, bank deposits of ￦154,290 million and ￦208,927 million, respectively, are pledged as collateral
for certain short-term loans, and are subject to restrictions on withdrawal (see Note 9). In addition, group severance insurance
deposits may only be withdrawn for the actual payment of severance benefits.
5. Marketable securities
Marketable securities at December 31, 1998 and 1997 consist of the following :
Annual Interest Rates(%) Thousands of Korean Won
1998 1998 1997
Beneficiary securities 9.0 - 14.8 78,818,785 14,500,000
Negotiable certificates of deposits 6.78 19,731,322 10,611,340
Bonds 5 - 6 159,605 19,254,280
98,709,712 44,365,620
Marketable securities of ￦37,357 million are pledged as collateral for certain short-term loans at December 31, 1998 (see Note 9).
6. Inventory
Inventory at December 31, 1998 and 1997 consist of the following :
Thousands of Korean Won
1998 1997
Finished goods and merchandise 749,898,233 598,437,367
Semifinished goods and work in process 513,431,854 834,334,178
Raw materials and supplies 526,522,704 640,714,921
Materials in transit 79,767,336 267,965,173
1,869,620,127 2,341,451,639
Inventory is insured against fire and other casualty losses up to ￦1,806,432 million at December 31, 1998.
At December 31, 1998. ￦473,269 million of land and construction in progress held by the Company for sale are included in
merchandise account and related interest costs of ￦35,513 million have been capitalized for the year ended December 31, 1998.
NOTES TO FINANCIAL STATEMENTS
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