Samsung 1998 Annual Report Download - page 57

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19. Related Party Transactions
Significant transactions with related parties for the year ended December 31, 1998 and the
related amounts receivable and amounts payable at December 31, 1998 are as follows:
Thousands of Korean Won, Thousand of US Dollar
Amounts Amounts
Company Sales Purchases Receivable Payable
Samsung Corporation ￦51,855,525 ￦146,920,300 ￦3,830,168 ￦5,855,380
Samsung Display Devices Co., Ltd. 26,568,194 895,598,735 1,103,888 106,658,196
Samsung Electro-Mechanics Co., Ltd. 59,812,506 595,070,730 14,556,664 96,207,750
Samsung Data Systems Co., Ltd. 100,440,780 284,175,476 28,497,396 3,654,599
Samsung Aerospace Industries Ltd. 4,947,778 177,566,926 1,273,041 7,485,060
Kwangju Electronics Co., Ltd. 8,378,650 160,143,771 2,381,095 41,701,706
Cheil Communications, Inc. 3,905,767 93,881,143 810,649 44,496,252
Seoul Commtech Co., Ltd. 11,090,018 88,248,505 2,418,684 18,568,206
Samsung Heavy Industries Co., Ltd. 6,464,887 59,622,928 831,012 25,087,549
Novita Co., Ltd. 9,039,061 62,302,469 8,892,873 22,247,858
Samsung Everland Co., Ltd. 3,006,125 122,337,141 136,862 8,553,886
Samsung Motors Inc. 24,263,110 12,021,684 8,952,336 436,174
Samsung Corning Precision Glass Co., Ltd. 5,076,561 1,909,632 78,476 318,267
The Joong-Ang Daily News 1,546,801 17,475,089 25,428 3,577,205
Other local subsidiaries and affiliated companies 35,339,171 165,207,889 6,208,182 27,670,339
Foreign subsidiaries and affiliated companies $ 7,457,380 $ 1,581,153 $ 183,472 $ 419,039
￦351,734,934 ￦2,882,482,418 ￦79,996,754 ￦412,518,427
$ 7,457,380 $ 1,581,153 $ 183,472 $ 419,039
In addition, during 1998, Samsung Corporation executed exportation of ￦7,315,974 million and importation of ￦4,810,803
million for the Company. And, the Company purchased the head office building from Samsung Corporation and Samsung Everland
Co., Ltd., affiliated companies, in the amount of ￦227,400 million in 1998.
20. Research and development cost
Research and development cost incurred in 1998 and 1997 comprise the following :
Thousands of Korean Won
1998 1997
Increase in deferred charges 1,162,296,579 776,765,405
Ordinary research and development expenses 501,937,916 490,806,128
1,664,234,495 1,267,571,533
NOTES TO FINANCIAL STATEMENTS
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