Samsung 1999 Annual Report Download - page 68

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17. Income Tax Expense, continued:
Components of deferred taxes as of December 31, 1999 are as follows:
Thousands of Korean Won
Beginning Increase Ending
Balance (Decrease) Balance
Deferred tax assets:
Loss (gain) on valuation of investments
using the equity method 759,579,159 (439,156,712) 320,422,447
Deferred foreign exchange losses 426,103,659 (189,616,883) 236,486,776
Invested stock reduction losses 34,689,080 51,093,513 85,782,593
Depreciation 419,407 311,052,912 311,472,319
Other 12,300,663 76,987,217 89,287,880
Tax credits 343,239,162 (103,051,280) 240,187,882
Total deferred tax assets 1,576,331,130 (292,691,233) 1,283,639,897
Deferred tax liabilities:
Special reserves appropriated for tax purposes 242,383,547 (82,081,969) 160,301,578
Capitalized interest expense 43,501,915 (8,832,340) 34,669,575
Accrued income 3,099,741 931,378 4,031,119
Other 7,780,153 (3,669,451) 4,110,702
Total deferred tax liabilities 296,765,356 (93,652,382) 203,112,974
Net deferred tax assets 1,279,565,774 (199,038,851) 1,080,526,923
The Company periodically assesses its ability to recover deferred tax assets. In the event of significant uncertainty regarding the
Company’s ultimate ability to recover such assets, a valuation allowance is recorded to reduce the asset to its estimated net
realizable value.
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