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Table of contents

  • Page 1
    To come so far to achieve so much and yet to have so much more within our grasp.
  • Page 2
  • Page 3
    To humbly press on toward even greater goals to seize the opportunity to be the best.
  • Page 4
  • Page 5
    To move the entire industry forward with us without complacency, with enterprising creative spirit. Samsung Electronics leads into the imminent future of ever greater, ubiquitous connection and consumer delight. Moving forward to be the best. >
  • Page 6
    ... chip of our semiconductor business. Number one in Europe in sales of LCD TVs. Number one in the US in sales of projection TVs, even though Samsung Electronics premium products are 20% more expensive than those of competitors. Ranked ...
  • Page 7
    7 3rd Samsung Electronics rose to third in the 2003 BusinessWeek IT 100, a ranking of the world's best technology companies based on revenue, ... years in sales of mobile handsets. 30% Fastest growing brand worldwide for two years in a row, Samsung Electronics' brand equity has grown 30% each year, ...
  • Page 8
    8 FINANCIAL HIGHLIGHTS $ 36.4 billion SALES 2003 2002 2001 $ 26.9 billion $ 33.2 billion $ 6.0 billion OPERATING PROFIT 2003 2002 2001 $ 1.9 billion $ 6.2 billion Growing to be the best
  • Page 9
    9 $ 5.6 billion CAPEX 2003 2002 2001 $ 3.5 billion $ 3.5 billion $ 2.9 billion R&D EXPENSE 2003 2002 2001 $ 2.5 billion $ 2.0 billion -23.0% NET DEBT-TO-EQUITY RATIO 2002 -23.8% 2001 -0.6% Won / US Dollar as of December 31, 2003: 1,197/1
  • Page 10
    ... brand equity and invest in future sources of profit and market leadership. Delivering on the promise to improve shareholder value, Samsung Electronics paid out dividends of 5,500 won per share - a total dividend payment of 81.5 billion won - for...
  • Page 11
    ... Investor Relations noted our strong commitment to shareholder value and transparent financial management, and lauded Samsung Electronics for the "Best Communication of Shareholder Value in Asia" as well as the "Best IR by a Korean...
  • Page 12
    12 CEO MESSAGE Innovating to become the best Dear Customers, Partners and Shareholders, Around the world, uncertainty prevailed in 2003. Military conï¬,ict ï¬,ared up in Iraq. Terror continued to threaten world security. Many countries and regions were plagued with political ...
  • Page 13
    ... efforts. Our people continually move toward aggressive goals with dedication, innovation and high ideals. Executing on our vision, Samsung Electronics has become one of the world's top companies, with an increasingly powerful brand. However, ...
  • Page 14
    ... a marathon and a sprint. With fresh approaches at every level of customer contact, we continue to build the brand and drive sales. 4. Cost innovation - Even as a premium brand, cost competitiveness is crucial to profitability. While ...
  • Page 15
    15 Won / US Dollar as of December 31, 2003: 1,197/1 >> Samsung Electronics maintained a sizeable cash balance even after making huge investments in facilities and R&D. The ... shape the future of how people work, play and live. Chief Executive Officer, Jong-Yong Yun
  • Page 16
    ..., telecommunications and digital broadcasting. Now every appliance in the home - from the washing machine to the vacuum to the refrigerator - works better, cleaner and ... to futuristic digital technology, inspiring functionality and stylish design from an emerging world leader, Samsung Electronics.
  • Page 17
    RH2777AT Homepad Internet Refrigerator
  • Page 18
  • Page 19
    Families find more quality time and comfort at home, through breakthrough products for the always-on, always-connected digital life.
  • Page 20
    M-35 Notebook PC
  • Page 21
    ...remove geographic boundaries and that free individuals from personal limitations. Playing an increasing role in business transformation worldwide, Samsung Electronics provides the tools and technologies that help people work smarter, faster and better...
  • Page 22
  • Page 23
    Wherever you are, work can be as near or far as you want it. The paperless, wireless workplace is more and more a reality, freeing the creative spirit.
  • Page 24
    ... of all other devices, enabling people to access information and technology anywhere at any time through any device. Samsung Electronics is at the center of this revolution, helping to shape our shared future. We put the power and delight of converged ...
  • Page 25
    DVD-L1200W Portable DVD Player
  • Page 26
  • Page 27
    Sharing thoughts, data, music and pictures anytime and anywhere, people are gaining the means to communicate freely - around the home, around the office and all around the world.
  • Page 28
    28 BUSINESS OVERVIEW 2003 Samsung Electronics has become a premium brand, but we are not satisfied with .... Samsung Electronics TVs and DVD players are considered the world's best in terms of quality and style. In 2003, Samsung Electronics introduced a 70-inch PDP television and 57-inch LCD ...
  • Page 29
    ... and lightest two spindle notebook PC that is also the first to be installed with Centrino and a TV tuner. Samsung Electronics' home theater system and digital camcorder received awards for innovation at CES 2003. While we are proud of our ...
  • Page 30
    30 In sales revenue of mobile phones, Samsung Electronics has risen to number two in the world. to build up market leadership and brand equity worldwide, while we continue to expand intelligently into emerging markets. As we shape our future, differentiation, innovation and a focus on ...
  • Page 31
    ...and increase design power to improve sales and enhance quality and productivity. Samsung... growth enabled to Samsung Electronics' rise to third worldwide in terms of sales volume, with a 12..., industrious and connected - that's the Samsung Electronics home. The Digital Appliance Business brings superior...
  • Page 32
    ...an aggressive rollout in the North American home appliances market. We exhibited over 80 innovative appliances including an extensive line of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition, the Kitchen & Bath Industry...
  • Page 33
    ... Web access and TV viewing into a major kitchen appliance, demonstrating a Samsung Electronics hallmark: market-savvy innovation that drives future success....are further concentrating resources on building up core competencies in 4Gbit NAND Flash Memory Samsung Electronics' proven R&D...
  • Page 34
    ... Our LCD Business exceeded its targets in 2003 and marked another record year in sales with strong demand for notebook PCs, LCD monitors and LCD TVs.... We Semiconductor Business Senior Engineer Sergey Zhidkov are also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Page 35
    ... on cost competitiveness, product quality and customer satisfaction. 57-inch TFT-LCD TV In another world's first, Samsung Electronics has developed a 57-inch high resolution, low energy consumption, long life TFT-LCD TV that overcomes all ...
  • Page 36
    36 RESEARCH AND DEVELOPMENT >> Fast forward into ubiquitous connection Mobile Pac with Brain Core The Mobile Pac takes "plug-and-play" to ...meaning. With this modularized computer and its multiple components, including a mobile projector, users can set up a custom work ...
  • Page 37
    ... then shaping it, has become a way of life at Samsung Electronics. And the results of our research ... drive our success as an emerging global leader. Samsung Electronics has applied for over a thousand ...spans the globe with operations in Korea, China, India, Russia, Israel, the UK and the USA. Smile-...
  • Page 38
    38 UB Pad & UB Weaver The UB Weaver personal assistant weaves diverse devices into a seamless network,...data ï¬,ow. It has several displays that serve multiple purposes. The UB Pad has a large display for main work and a medium size sub-display for extra work area or digital contact with clients.
  • Page 39
    ... incorporating international mobile telecommunications standards into new technologies. Our innovations keep pushing forward the power and reach of wireless... services via miniaturized sensor networks - all controlled by a Samsung Electronics handheld device. UB Sync The ...
  • Page 40
    40 Personal Work Station Rather than commit office space to certain employees who are constantly on the move, businesses will be able to use Personal Work Station (PWS) to create a dynamic, fun and highly productive "nomad" office environment. The PWS recognizes the user by sensing his or ...
  • Page 41
    ... mobile services and in-vehicle data and entertainment. We are moving into the digital home with VOD and HDTV. We are commercializing video services for cyber-education and remote medical care. And we are establishing high-speed portable ...
  • Page 42
    ...'s best selling single model mobile phone at over ten million units sold. Samsung Electronics continues to revolutionize mobile ... a steady stream of innovative, premium products that earn worldwide acclaim for design and technological excellence. Samsung Electronics keeps garnering design awards ...
  • Page 43
    For the greater good
  • Page 44
    44 SOCIAL CONTRIBUTION
  • Page 45
    ... Improving the world The world's great companies foster prosperity in the communities they serve. At Samsung Electronics, we measure success not just by the balance sheet, ... narrow the gap of the digital divide. In 2003, through the Fund, Samsung Electronics provided a total of $ 600,000...
  • Page 46
    ... people share. Nowhere is this more evident than in the Olympic Games. Since 1997, Samsung Electronics has been the official ... to Indonesia to Iran to Hungary and the Czech Republic. Samsung Electronics sponsors the World Cyber Games (WCG), the world's largest and most renowned contest bringing ...
  • Page 47
    ..., CO 2 emissions and the levels of toxic chemicals we produce. In 2003, Samsung Electronics' commitment to the environment was recognized by several awards, including the 2003 Korea Green Management Grand Prize given by the Korea Management ...
  • Page 48
    48
  • Page 49
    FINANCIAL OVERVIEW 2003 50 Independent Auditor's Report 52 Non-consolidated Balance Sheets 55 Non-consolidated Income Statements 57 Non-consolidated Statements of Appropriations Retained Earnings 62 Non-consolidated Five-Year Financial Summary 58 Non-consolidated Statements of Cash Flows 64 ...
  • Page 50
    50 Independent Auditor's Report To the Board of Directors and Shareholders of Samsung Electronics Co., Ltd. We have audited the accompanying non-consolidated balance sheets of Samsung Electronics Co., Ltd. (the "Company") as of December 31, 2003 and ...
  • Page 51
    ... statements, the Company had sales to, and purchases from, subsidiaries and affiliated companies within the Samsung Group amounting to ... of ₩1,046,818 million) were retired on January 15, 2004, with the Board of Directors' approval on October 17, 2003. the reader, have been translated on ...
  • Page 52
    ... equivalents Short-term financial instruments Short-term available-for-sale securities Trade accounts and notes receivable, net... and equipment, including revalued portion, net of accumulated depreciation Long-term available-for-sale securities Equity-method Investments Deferred income tax assets ...
  • Page 53
    53 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Trade accounts and notes payable Current portion of long-term debt Other accounts and notes payable Accrued expenses Income taxes payable Other current ...
  • Page 54
    54 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Commitments and contingencies Shareholder's equity: Capital stock: Common stock Preferred stock Capital... 2002) Capital adjustments: Treasury stock Others TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS...
  • Page 55
    55 Non-Consolidated Income Statements 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative expenses ... foreign currency translation Gain on valuation of investments using the equity method of accounting Others Total non-operating income...
  • Page 56
    56 Non-Consolidated Income Statements 2003 Non-operating expenses: Interest expense Foreign exchange losses ... translation Loss on valuation of investments using the equity method of accounting Loss on impairment of availablefor-sale securities Others Total non-operating expenses Ordinary profit ...
  • Page 57
    ... earnings carried over from the prior year Changes in retained earnings of equity-method investees Interim dividends (Dividend rate : 10% of per value) Retirment of ... 6,967,733 ₩ 31 For the years ended December 31, 2003 and 2002 Date of appropriations: February 28, 2004 ...
  • Page 58
    58 Non-Consolidated Statements of Cash Flows 2003 Cash flows from operating activities: Net income Adjustments ... on valuation on investments using the equity method of accounting Loss on impairment of available-for-sale securities Deferred income taxes Others Total items not involving operating cash...
  • Page 59
    59 Non-Consolidated Statements of Cash Flows 2003 Changes in operating assets and liabilities: Trade accounts and...,418 ₩ (182,864) For the years ended December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 In thousands of U.S.dollars $ (290,144) (306,568) 166,795 235,579 (287...
  • Page 60
    ...and equipment Proceeds from long-term available-for-sale securities Proceeds from diposal of investments Acquisition of long-term available-for-sale securities Acquisition of equity-method investments Others ...,498) For the years ended December 31, 2003 and 2002 2002 In millions of Korean...
  • Page 61
    61 Non-Consolidated Statements of Cash Flows 2003 Cash ï¬,ows from financing activities: Proceeds from other ...268,209 ₩ 210,062 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 In thousands of U.S.dollars $ 585,907 (153,166) 19,658 (760,394) ...
  • Page 62
    62 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of ... on valuation of investments using the equity method of accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses Ordinary pron..
  • Page 63
    63 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of ... on valuation of investments using the equity method of accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses Ordinary pron..
  • Page 64
    64 Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income: Interest and dividend income Foreign ...
  • Page 65
    65 Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative expenses Operating ... $ 2,893,266 For the years ended December 31, 1999-2003 2002 2001 2000 1999 In thousands of U.S. dollars...
  • Page 66
    ... VP & CEO, Semiconductor Business Group, • Samsung Electronics [1993-1996] • Executive VP, Memory Division, Samsung Electronics [1992-1993] • Managing director, Giheung Plant, Samsung Electronics [1987-1992]
  • Page 67
    ...-2000] • Executive director, Korea Exchange Bank [1997-1999] Gwi-Ho Chung • Outside Director[2003-present] • Senior ...1997-1999] Sung-Lark Rim • Outside director, Samsung Electronics [2000-present] • Executive Director, Korea Financial Planner Association [2000-present]...
  • Page 68
    68 GLOBAL NETWORK HEAD OFFICE Samsung Main Building 250-2 ga, Taepyong-ro, Jung-gu Seoul, Korea Tel:... OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC) Tianjin, ...: 86-752-332-1401 Tianjin Tongguang Samsung Electronics Co., Ltd. (TTSEC) Tianjin Tongguang...
  • Page 69
    ... Malaysia Tel: 60-6-678-7914 Samsung India Electronics Ltd. (SIEL) New Delhi, India Tel: 91-1191-568251 Samsung Electronics Philippine Manufacturing Corporation (SEPHIL) Calamba, Philippines Tel: 63-49-545-9153 Shanghai Samsung Mobile ...
  • Page 70
    70 CIS Sales Bases Samsung Electronics Russia Co.,Ltd. (SER) Moscow, Russia ..., France Tel: 33-1-5568-4000 Samsung Electronics Italia S.P.A. (SEI) Cernusco sul Nariglio, Italy ... Europe Ltd. (SSEL) London, U.K. Tel: 44-181-380-7200 Sales Bases Samsung Electronics Samsung Electronics U.K. Ltd. (SEUK) ...
  • Page 71
    71 MIDDLE EAST & AFRICA Sales Bases Samsung Gulf Electronics FZE (SGE) Dubai, U.A.E. Tel: 971-4-225747 Samsung ... Ltd. (SSA) Bryanston, South Africa Tel: 27-11-549-1510 AMERICA Production Bases Sales Bases Samsung Electronics Samsung Electronics Latinoamerica (Zona Libre), S.A. (SELAPA) Panama, ...
  • Page 72
    Coming together


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manual table of contents:

  • Samsung 2003 Annual Report - Page 1
    To come so far to achieve so much and yet to have so much more within our grasp.
  • Samsung 2003 Annual Report - Page 2
  • Samsung 2003 Annual Report - Page 3
    To humbly press on toward even greater goals to seize the opportunity to be the best.
  • Samsung 2003 Annual Report - Page 4
  • Samsung 2003 Annual Report - Page 5
    To move the entire industry forward with us without complacency, with enterprising creative spirit. Samsung Electronics leads into the imminent future of ever greater, ubiquitous connection and consumer delight. Moving forward to be the best. >
  • Samsung 2003 Annual Report - Page 6
    ... chip of our semiconductor business. Number one in Europe in sales of LCD TVs. Number one in the US in sales of projection TVs, even though Samsung Electronics premium products are 20% more expensive than those of competitors. Ranked ...
  • Samsung 2003 Annual Report - Page 7
    7 3rd Samsung Electronics rose to third in the 2003 BusinessWeek IT 100, a ranking of the world's best technology companies based on revenue, ... years in sales of mobile handsets. 30% Fastest growing brand worldwide for two years in a row, Samsung Electronics' brand equity has grown 30% each year, ...
  • Samsung 2003 Annual Report - Page 8
    8 FINANCIAL HIGHLIGHTS $ 36.4 billion SALES 2003 2002 2001 $ 26.9 billion $ 33.2 billion $ 6.0 billion OPERATING PROFIT 2003 2002 2001 $ 1.9 billion $ 6.2 billion Growing to be the best
  • Samsung 2003 Annual Report - Page 9
    9 $ 5.6 billion CAPEX 2003 2002 2001 $ 3.5 billion $ 3.5 billion $ 2.9 billion R&D EXPENSE 2003 2002 2001 $ 2.5 billion $ 2.0 billion -23.0% NET DEBT-TO-EQUITY RATIO 2002 -23.8% 2001 -0.6% Won / US Dollar as of December 31, 2003: 1,197/1
  • Samsung 2003 Annual Report - Page 10
    ... brand equity and invest in future sources of profit and market leadership. Delivering on the promise to improve shareholder value, Samsung Electronics paid out dividends of 5,500 won per share - a total dividend payment of 81.5 billion won - for...
  • Samsung 2003 Annual Report - Page 11
    ... Investor Relations noted our strong commitment to shareholder value and transparent financial management, and lauded Samsung Electronics for the "Best Communication of Shareholder Value in Asia" as well as the "Best IR by a Korean...
  • Samsung 2003 Annual Report - Page 12
    12 CEO MESSAGE Innovating to become the best Dear Customers, Partners and Shareholders, Around the world, uncertainty prevailed in 2003. Military conï¬,ict ï¬,ared up in Iraq. Terror continued to threaten world security. Many countries and regions were plagued with political ...
  • Samsung 2003 Annual Report - Page 13
    ... efforts. Our people continually move toward aggressive goals with dedication, innovation and high ideals. Executing on our vision, Samsung Electronics has become one of the world's top companies, with an increasingly powerful brand. However, ...
  • Samsung 2003 Annual Report - Page 14
    ... a marathon and a sprint. With fresh approaches at every level of customer contact, we continue to build the brand and drive sales. 4. Cost innovation - Even as a premium brand, cost competitiveness is crucial to profitability. While ...
  • Samsung 2003 Annual Report - Page 15
    15 Won / US Dollar as of December 31, 2003: 1,197/1 >> Samsung Electronics maintained a sizeable cash balance even after making huge investments in facilities and R&D. The ... shape the future of how people work, play and live. Chief Executive Officer, Jong-Yong Yun
  • Samsung 2003 Annual Report - Page 16
    ..., telecommunications and digital broadcasting. Now every appliance in the home - from the washing machine to the vacuum to the refrigerator - works better, cleaner and ... to futuristic digital technology, inspiring functionality and stylish design from an emerging world leader, Samsung Electronics.
  • Samsung 2003 Annual Report - Page 17
    RH2777AT Homepad Internet Refrigerator
  • Samsung 2003 Annual Report - Page 18
  • Samsung 2003 Annual Report - Page 19
    Families find more quality time and comfort at home, through breakthrough products for the always-on, always-connected digital life.
  • Samsung 2003 Annual Report - Page 20
    M-35 Notebook PC
  • Samsung 2003 Annual Report - Page 21
    ...remove geographic boundaries and that free individuals from personal limitations. Playing an increasing role in business transformation worldwide, Samsung Electronics provides the tools and technologies that help people work smarter, faster and better...
  • Samsung 2003 Annual Report - Page 22
  • Samsung 2003 Annual Report - Page 23
    Wherever you are, work can be as near or far as you want it. The paperless, wireless workplace is more and more a reality, freeing the creative spirit.
  • Samsung 2003 Annual Report - Page 24
    ... of all other devices, enabling people to access information and technology anywhere at any time through any device. Samsung Electronics is at the center of this revolution, helping to shape our shared future. We put the power and delight of converged ...
  • Samsung 2003 Annual Report - Page 25
    DVD-L1200W Portable DVD Player
  • Samsung 2003 Annual Report - Page 26
  • Samsung 2003 Annual Report - Page 27
    Sharing thoughts, data, music and pictures anytime and anywhere, people are gaining the means to communicate freely - around the home, around the office and all around the world.
  • Samsung 2003 Annual Report - Page 28
    28 BUSINESS OVERVIEW 2003 Samsung Electronics has become a premium brand, but we are not satisfied with .... Samsung Electronics TVs and DVD players are considered the world's best in terms of quality and style. In 2003, Samsung Electronics introduced a 70-inch PDP television and 57-inch LCD ...
  • Samsung 2003 Annual Report - Page 29
    ... and lightest two spindle notebook PC that is also the first to be installed with Centrino and a TV tuner. Samsung Electronics' home theater system and digital camcorder received awards for innovation at CES 2003. While we are proud of our ...
  • Samsung 2003 Annual Report - Page 30
    30 In sales revenue of mobile phones, Samsung Electronics has risen to number two in the world. to build up market leadership and brand equity worldwide, while we continue to expand intelligently into emerging markets. As we shape our future, differentiation, innovation and a focus on ...
  • Samsung 2003 Annual Report - Page 31
    ...and increase design power to improve sales and enhance quality and productivity. Samsung... growth enabled to Samsung Electronics' rise to third worldwide in terms of sales volume, with a 12..., industrious and connected - that's the Samsung Electronics home. The Digital Appliance Business brings superior...
  • Samsung 2003 Annual Report - Page 32
    ...an aggressive rollout in the North American home appliances market. We exhibited over 80 innovative appliances including an extensive line of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition, the Kitchen & Bath Industry...
  • Samsung 2003 Annual Report - Page 33
    ... Web access and TV viewing into a major kitchen appliance, demonstrating a Samsung Electronics hallmark: market-savvy innovation that drives future success....are further concentrating resources on building up core competencies in 4Gbit NAND Flash Memory Samsung Electronics' proven R&D...
  • Samsung 2003 Annual Report - Page 34
    ... Our LCD Business exceeded its targets in 2003 and marked another record year in sales with strong demand for notebook PCs, LCD monitors and LCD TVs.... We Semiconductor Business Senior Engineer Sergey Zhidkov are also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Samsung 2003 Annual Report - Page 35
    ... on cost competitiveness, product quality and customer satisfaction. 57-inch TFT-LCD TV In another world's first, Samsung Electronics has developed a 57-inch high resolution, low energy consumption, long life TFT-LCD TV that overcomes all ...
  • Samsung 2003 Annual Report - Page 36
    36 RESEARCH AND DEVELOPMENT >> Fast forward into ubiquitous connection Mobile Pac with Brain Core The Mobile Pac takes "plug-and-play" to ...meaning. With this modularized computer and its multiple components, including a mobile projector, users can set up a custom work ...
  • Samsung 2003 Annual Report - Page 37
    ... then shaping it, has become a way of life at Samsung Electronics. And the results of our research ... drive our success as an emerging global leader. Samsung Electronics has applied for over a thousand ...spans the globe with operations in Korea, China, India, Russia, Israel, the UK and the USA. Smile-...
  • Samsung 2003 Annual Report - Page 38
    38 UB Pad & UB Weaver The UB Weaver personal assistant weaves diverse devices into a seamless network,...data ï¬,ow. It has several displays that serve multiple purposes. The UB Pad has a large display for main work and a medium size sub-display for extra work area or digital contact with clients.
  • Samsung 2003 Annual Report - Page 39
    ... incorporating international mobile telecommunications standards into new technologies. Our innovations keep pushing forward the power and reach of wireless... services via miniaturized sensor networks - all controlled by a Samsung Electronics handheld device. UB Sync The ...
  • Samsung 2003 Annual Report - Page 40
    40 Personal Work Station Rather than commit office space to certain employees who are constantly on the move, businesses will be able to use Personal Work Station (PWS) to create a dynamic, fun and highly productive "nomad" office environment. The PWS recognizes the user by sensing his or ...
  • Samsung 2003 Annual Report - Page 41
    ... mobile services and in-vehicle data and entertainment. We are moving into the digital home with VOD and HDTV. We are commercializing video services for cyber-education and remote medical care. And we are establishing high-speed portable ...
  • Samsung 2003 Annual Report - Page 42
    ...'s best selling single model mobile phone at over ten million units sold. Samsung Electronics continues to revolutionize mobile ... a steady stream of innovative, premium products that earn worldwide acclaim for design and technological excellence. Samsung Electronics keeps garnering design awards ...
  • Samsung 2003 Annual Report - Page 43
    For the greater good
  • Samsung 2003 Annual Report - Page 44
    44 SOCIAL CONTRIBUTION
  • Samsung 2003 Annual Report - Page 45
    ... Improving the world The world's great companies foster prosperity in the communities they serve. At Samsung Electronics, we measure success not just by the balance sheet, ... narrow the gap of the digital divide. In 2003, through the Fund, Samsung Electronics provided a total of $ 600,000...
  • Samsung 2003 Annual Report - Page 46
    ... people share. Nowhere is this more evident than in the Olympic Games. Since 1997, Samsung Electronics has been the official ... to Indonesia to Iran to Hungary and the Czech Republic. Samsung Electronics sponsors the World Cyber Games (WCG), the world's largest and most renowned contest bringing ...
  • Samsung 2003 Annual Report - Page 47
    ..., CO 2 emissions and the levels of toxic chemicals we produce. In 2003, Samsung Electronics' commitment to the environment was recognized by several awards, including the 2003 Korea Green Management Grand Prize given by the Korea Management ...
  • Samsung 2003 Annual Report - Page 48
    48
  • Samsung 2003 Annual Report - Page 49
    FINANCIAL OVERVIEW 2003 50 Independent Auditor's Report 52 Non-consolidated Balance Sheets 55 Non-consolidated Income Statements 57 Non-consolidated Statements of Appropriations Retained Earnings 62 Non-consolidated Five-Year Financial Summary 58 Non-consolidated Statements of Cash Flows 64 ...
  • Samsung 2003 Annual Report - Page 50
    50 Independent Auditor's Report To the Board of Directors and Shareholders of Samsung Electronics Co., Ltd. We have audited the accompanying non-consolidated balance sheets of Samsung Electronics Co., Ltd. (the "Company") as of December 31, 2003 and ...
  • Samsung 2003 Annual Report - Page 51
    ... statements, the Company had sales to, and purchases from, subsidiaries and affiliated companies within the Samsung Group amounting to ... of ₩1,046,818 million) were retired on January 15, 2004, with the Board of Directors' approval on October 17, 2003. the reader, have been translated on ...
  • Samsung 2003 Annual Report - Page 52
    ... equivalents Short-term financial instruments Short-term available-for-sale securities Trade accounts and notes receivable, net... and equipment, including revalued portion, net of accumulated depreciation Long-term available-for-sale securities Equity-method Investments Deferred income tax assets ...
  • Samsung 2003 Annual Report - Page 53
    53 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Trade accounts and notes payable Current portion of long-term debt Other accounts and notes payable Accrued expenses Income taxes payable Other current ...
  • Samsung 2003 Annual Report - Page 54
    54 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Commitments and contingencies Shareholder's equity: Capital stock: Common stock Preferred stock Capital... 2002) Capital adjustments: Treasury stock Others TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS...
  • Samsung 2003 Annual Report - Page 55
    55 Non-Consolidated Income Statements 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative expenses ... foreign currency translation Gain on valuation of investments using the equity method of accounting Others Total non-operating income...
  • Samsung 2003 Annual Report - Page 56
    56 Non-Consolidated Income Statements 2003 Non-operating expenses: Interest expense Foreign exchange losses ... translation Loss on valuation of investments using the equity method of accounting Loss on impairment of availablefor-sale securities Others Total non-operating expenses Ordinary profit ...
  • Samsung 2003 Annual Report - Page 57
    ... earnings carried over from the prior year Changes in retained earnings of equity-method investees Interim dividends (Dividend rate : 10% of per value) Retirment of ... 6,967,733 ₩ 31 For the years ended December 31, 2003 and 2002 Date of appropriations: February 28, 2004 ...
  • Samsung 2003 Annual Report - Page 58
    58 Non-Consolidated Statements of Cash Flows 2003 Cash flows from operating activities: Net income Adjustments ... on valuation on investments using the equity method of accounting Loss on impairment of available-for-sale securities Deferred income taxes Others Total items not involving operating cash...
  • Samsung 2003 Annual Report - Page 59
    59 Non-Consolidated Statements of Cash Flows 2003 Changes in operating assets and liabilities: Trade accounts and...,418 ₩ (182,864) For the years ended December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 In thousands of U.S.dollars $ (290,144) (306,568) 166,795 235,579 (287...
  • Samsung 2003 Annual Report - Page 60
    ...and equipment Proceeds from long-term available-for-sale securities Proceeds from diposal of investments Acquisition of long-term available-for-sale securities Acquisition of equity-method investments Others ...,498) For the years ended December 31, 2003 and 2002 2002 In millions of Korean...
  • Samsung 2003 Annual Report - Page 61
    61 Non-Consolidated Statements of Cash Flows 2003 Cash ï¬,ows from financing activities: Proceeds from other ...268,209 ₩ 210,062 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 In thousands of U.S.dollars $ 585,907 (153,166) 19,658 (760,394) ...
  • Samsung 2003 Annual Report - Page 62
    62 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of ... on valuation of investments using the equity method of accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses Ordinary pron..
  • Samsung 2003 Annual Report - Page 63
    63 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of ... on valuation of investments using the equity method of accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses Ordinary pron..
  • Samsung 2003 Annual Report - Page 64
    64 Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income: Interest and dividend income Foreign ...
  • Samsung 2003 Annual Report - Page 65
    65 Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative expenses Operating ... $ 2,893,266 For the years ended December 31, 1999-2003 2002 2001 2000 1999 In thousands of U.S. dollars...
  • Samsung 2003 Annual Report - Page 66
    ... VP & CEO, Semiconductor Business Group, • Samsung Electronics [1993-1996] • Executive VP, Memory Division, Samsung Electronics [1992-1993] • Managing director, Giheung Plant, Samsung Electronics [1987-1992]
  • Samsung 2003 Annual Report - Page 67
    ...-2000] • Executive director, Korea Exchange Bank [1997-1999] Gwi-Ho Chung • Outside Director[2003-present] • Senior ...1997-1999] Sung-Lark Rim • Outside director, Samsung Electronics [2000-present] • Executive Director, Korea Financial Planner Association [2000-present]...
  • Samsung 2003 Annual Report - Page 68
    68 GLOBAL NETWORK HEAD OFFICE Samsung Main Building 250-2 ga, Taepyong-ro, Jung-gu Seoul, Korea Tel:... OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC) Tianjin, ...: 86-752-332-1401 Tianjin Tongguang Samsung Electronics Co., Ltd. (TTSEC) Tianjin Tongguang...
  • Samsung 2003 Annual Report - Page 69
    ... Malaysia Tel: 60-6-678-7914 Samsung India Electronics Ltd. (SIEL) New Delhi, India Tel: 91-1191-568251 Samsung Electronics Philippine Manufacturing Corporation (SEPHIL) Calamba, Philippines Tel: 63-49-545-9153 Shanghai Samsung Mobile ...
  • Samsung 2003 Annual Report - Page 70
    70 CIS Sales Bases Samsung Electronics Russia Co.,Ltd. (SER) Moscow, Russia ..., France Tel: 33-1-5568-4000 Samsung Electronics Italia S.P.A. (SEI) Cernusco sul Nariglio, Italy ... Europe Ltd. (SSEL) London, U.K. Tel: 44-181-380-7200 Sales Bases Samsung Electronics Samsung Electronics U.K. Ltd. (SEUK) ...
  • Samsung 2003 Annual Report - Page 71
    71 MIDDLE EAST & AFRICA Sales Bases Samsung Gulf Electronics FZE (SGE) Dubai, U.A.E. Tel: 971-4-225747 Samsung ... Ltd. (SSA) Bryanston, South Africa Tel: 27-11-549-1510 AMERICA Production Bases Sales Bases Samsung Electronics Samsung Electronics Latinoamerica (Zona Libre), S.A. (SELAPA) Panama, ...
  • Samsung 2003 Annual Report - Page 72
    Coming together