Samsung 1999 Annual Report Download - page 45

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STATEMENTS OF APPROPRIATIONS OF RETAINED EARNINGS
For the year ended December 31, 1999
Date of appropriations: March 16, 2000 Thousands of Korean Won Thousands of U.S. Dollars (Note 3)
Retained earnings before appropriations:
Unappropriated retained earnings carried over from prior year 32,306 $ 28
Cumulative effects of changes in accounting policy (Note 2) (1,744,477,621) (1,523,561)
Additional accrued severance benefits (Note 2) (8,450,909) (7,381)
Interim dividends (Note 15) (Dividend rate: 10%) (84,663,871) (73,942)
Net income 3,170,402,574 2,768,911
1,332,842,479 1,164,055
Transfers from voluntary reserves (Note 14):
Reserve for overseas market development 53,600,000 46,812
Reserve for overseas investment losses 70,199,899 61,310
Reserve for technology development 274,700,000 239,913
Reserve for export losses 68,000,000 59,388
466,499,899 407,423
Appropriations (Note 14):
Legal reserve 150,000,000 131,004
Reserve for business rationalization 700,000,000 611,354
Reserve for technology development 606,581,000 529,765
Cash dividends (Note 15) 342,729,389 299,327
(Common stock: 40%)
(Preferred stock: 41%)
1,799,310,389 1,571,450
Unappropriated retained earnings carried over to subsequent year 31,989 $ 28
The accompanying notes are an integral part of this statement.
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