Samsung 2000 Annual Report Download - page 64

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9. Equity Investments, Continued
At December 31, 2000, investments in 11 affiliated companies, including Samsung Glass America Inc. were not valued using the equity
method due to the immateriality of their assets to the financial statements of the Company.
At December 31, 2000, the financial conditions of invested companies, such as Korea Housing Guarantee Co., Ltd., New ICO Global
Communications, Samsung Electronics Moscow Service Center Ltd., TRL Microwave Tech, Inc. and Samsung Crosana Joint Stock Company
have deteriorated significantly. Accordingly, these investments have been written down and charged to current operations.
The cumulative net gain on the valuation of investments in listed companies of 457,997 million as of December 31, 2000 is recorded in
the capital adjustment account.
10. Long-Term Financial Instruments, Receivables and Other Assets
Long-term financial instruments and other assets as of December 31, 2000 and 1999 consist of the following:
64
Unitel Co., Ltd.
Samsung Corning Co., Ltd.
Samsung Lions Co., Ltd.
Towa Korea Co., Ltd.
POSCO Hüls Co., Ltd.
Samsung Corning Precision Glass Co., Ltd.
The Joong-Ang Daily News California, Inc.
Total investment in subsidiaries, affiliates
(2) Other investments
Investment in listed companies
Investment in unlisted companies
Securities market stabilization fund
Other
Total other investments
Total investments
Recorded
Book Value
8,097,545
266,813,817
–
1,477,250
31,258,890
98,648,359
–
4,779,785,567
440,442,604
180,337,602
8,743,987
431,343
629,955,536
5,409,741,103
Recorded
Book Value
–
234,741,156
–
937,991
13,693,448
–
3,509,432
2,856,280,021
2,898,807,045
122,658,461
18,760,587
153,538,343
3,193,764,436
6,050,044,457
Market Value
(Net Book Value)
14,092,076
269,615,291
46,816
4,150,664
34,820,290
75,434,805
–
4,886,678,412
440,442,604
161,472,369
8,743,987
750,658
611,409,618
5,498,088,030
Acquisition
Cost
5,213,925
94,263,035
275,000
800,000
17,200,000
116,140,060
–
4,505,243,019
898,439,398
197,315,163
16,601,222
431,343
1,112,787,126
5,618,030,145
Percentage
of Ownership
29.07
45.29
27.50
40.00
20.00
41.85
–
–
–
–
–
2000 1999
Thousands of Won
Asset
Long-term financial instruments
Long-term trade receivables
Long-term loans (A)
Long-term deposits
Long-term prepaid expenses
Intangible assets (B)
Total
258,000
2,817,779
60,075,540
411,152,293
486,509,110
265,416,250
1,226,228,972
1,467,500
16,583,583
366,164,492
457,313,823
472,116,096
246,103,450
1,559,748,944
Millions of Won
2000 1999