Samsung 1998 Annual Report Download - page 56

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17. Earnings Per Share
Earnings per share in 1998 and 1997 were calculated as follows :
Thousands of Korean Won
1998 1997
Net income 313,216,038 123,504,909
Adjustment
Dividends for preferred stock (14,965,427) (12,663,053)
Interest expense on convertible
bonds which were converted
into common stock during 1998 2,297 1,257,923
Net income available for common stock 298,252,908 112,099,779
Weighted average number of common stock 105,309,761 90,966,168
Earnings per share in Korean Won 2,832 1,232
18. Accounts Relating to Gross Added Value
The accounts required for the calculation of gross added value for the year ended
December 31, 1998 are as follows :
Thousands of Korean Won
Manufacturing Selling, general and
Cost administrative expense Total
Wage and salaries 619,373,314 288,206,168 907,579,482
Provision for severance benefits 132,302,347 74,600,350 206,902,697
Welfare expense 136,868,400 62,213,549 199,081,949
Rent 98,105,770 38,278,645 136,384,415
Depreciation expense 1,348,960,581 105,070,300 1,454,030,881
Taxes and dues 32,450,585 27,225,115 59,675,700
2,368,060,997 595,594,127 2,963,655,124
NOTES TO FINANCIAL STATEMENTS
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