Samsung 1999 Annual Report Download - page 54

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6. Trade Accounts and Notes Receivable and Valuation of Assets and Liabilities at Present Value:
The outstanding balance of trade accounts and notes receivable sold to financial institutions as of December 31, 1999 is as follows
(see Note 13):
Millions of Korean Won
Asset backed securities with limited recourse 1,953
Export accounts and notes receivable with recourse 1,523,803
Trade notes receivable with recourse 199,909
Trade accounts receivable without recourse 113,626
1,839,291
Accounts which are valued at present value under rescheduled payment and long-term installment transactions are as follows:
Millions of Korean Won
Accounts Face Value Discount Present Value
Long-term installment Long-term financial
transactions instruments and other assets 4,151 742 3,409
Other long-term liabilities 205,363 46,110 159,253
Rescheduled Long-term financial
instruments and other assets 4,914 1,362 3,552
214,428 48,214 166,214
7. Inventories:
Inventories at December 31, 1999 consist of the following:
Thousands of Korean Won
Finished goods and merchandise 572,945,964
Semifinished goods and work in process 666,500,256
Raw materials and supplies 909,922,532
Materials in transit 112,010,900
2,261,379,652
Inventories are insured against fire and other casualty losses up to 1,675,458 million at December 31, 1999.
At December 31, 1999, 294,219 million of land and construction in progress held by the Company, included in the merchandise
account, are for sale. Related interest costs of 29,885 million have been capitalized for the year ended December 31, 1999.
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