Samsung 2000 Annual Report Download - page 73

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Components of deferred taxes as of December 31, 2000 are as follows:
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.
The Company has not recognized the income tax effect of a temporary difference of 415,090 million resulting from the revaluation of land
it has no immediate plans to dispose of. In addition, a change in accounting policy in the current year (see Note 2) resulted in a cumulative
increase in deferred income tax of 3,009 million that was adjusted to opening retained earnings.
20. Earnings Per Share
Earnings per share and diluted earnings per share are calculated as follows:
73
Deferred Tax Asset Calculation
Deferred tax assets:
Loss on valuation of investments using the equity method
Deferred foreign exchange losses
Investment stock reduction losses
Depreciation
Other
Tax credits
Total deferred tax assets
Deferred tax liabilities:
Special reserves appropriated for tax purposes
Capitalized interest expense
Accrued income
Gain on valuation of investments using the equity method
Other
Total deferred tax liabilities
Net deferred tax assets
Beginning
Balance
320,422,447
236,486,776
85,782,593
311,472,320
89,287,880
240,187,881
1,283,639,897
160,301,578
34,669,575
4,031,119
–
4,110,702
203,112,974
1,080,526,923
Increase
(Decrease)
(320,422,447)
(104,366,080)
(80,546,470)
(165,310,076)
17,817,975
(240,187,881)
(893,014,979)
(49,322,141)
20,141,152
4,948,678
35,918,457
(2,380,699)
9,305,447
(902,320,426)
Ending
Balance
–
132,120,696
5,236,123
146,162,244
107,105,855
–
390,624,918
110,979,437
54,810,727
8,979,797
35,918,457
1,730,003
212,418,421
178,206,497
EPS Calculation
Net income
Adjustments:
Dividends for preferred stock
Undeclared participating preferred stock dividend
Net income available for common stock
Weighted average number of shares of common stock
Earnings per share in Korean Won
6,014,530,192
(69,202,389)
(738,754,987)
5,206,572,816
148,735,383
35,006
Thousands of Won
Thousands of Won