Samsung 2000 Annual Report Download - page 60

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6. Trade Accounts and Notes Receivable, and Valuation at Present Value
The outstanding balance of trade accounts and notes receivable sold to financial institutions as of December 31, 2000 and 1999 are as
follows (see Note 14):
Accounts which are valued at present value under rescheduled payment and long-term installment transactions are as follows:
7. Inventories
Inventories as of December 31, 2000 and 1999 consist of the following:
Inventories are insured against fire and other casualty losses up to 2,357,936 million at December 31, 2000.
At December 31, 2000, 245,583 million of land and construction in progress held for resale are included in the finished goods and
merchandise account. Related interest costs of 10,048 million and 29,885 million have been capitalized for the years ended December
31, 2000 and 1999, respectively.
60
Asset Millions of Won
2000 1999
Asset backed securities with limited recourse –1,953
Export accounts and notes receivable with recourse 2,427,993 1,523,803
Trade notes receivable with recourse 243,981 199,909
Trade accounts receivable without recourse 128,895 113,626
Trade accounts receivable with recourse 71,015 –
Total 2,871,884 1,839,291
Account Millions of Won
Face Value Discount Present Value
Long-term installment transactions
Long-term trade receivables 5,867 375 5,492
Other long-term receivables 403,694 58,034 345,660
Rescheduled
Long-term trade receivables and other assets 5,607 1,041 4,566
Total 415,168 59,450 355,718
Inventory Millions of Won
2000 1999
Finished goods and merchandise 737,544,326 572,945,964
Semifinished goods and work in process 982,591,087 666,500,256
Raw materials and supplies 952,276,658 909,922,532
Materials in transit 130,351,554 112,010,900
Total 2,802,763,625 2,261,379,652