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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
    ... 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 first ...
  • 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, revenue ... Fortune's World's Most Admired Electronics Companies. 24% Average annual growth over last four years in sales of mobile handsets. 30...
  • 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
    ..., improve 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 - ...
  • Page 11
    ... financial centers and in government chambers around the world, we had already made significant moves to ... financial management, and lauded Samsung Electronics for the "Best Communication of Shareholder Value in Asia" as well as the "Best IR by a Korean Company." Samsung Electronics is ...
  • Page 12
    ...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 ...highs. Results were driven by sales of premium products. These include high-value mobile handsets, ï¬,ash...
  • Page 13
    13 > We can point to many reasons why Samsung Electronics continues to sustain superior performance. We emphasize profi... 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
    ... every level of customer contact, we continue to build the brand and drive sales. 4. Cost innovation - Even as a premium ... think, act and work. With challenging goals and a pioneering spirit, our people are up to the task. At Samsung Electronics, we are not content with current achievements. To drive...
  • 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 ... intend to seize this opportunity to leap forward and become a premier company in the world - the best of the best - as we help shape ...
  • Page 16
    ... digital broadcasting. Now every appliance in the home - from the washing machine to the vacuum to the refrigerator - works better, cleaner and smarter. All thanks 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
    ...communications that 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,...
  • 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
    ...be the hub 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 ...
  • 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
    ... higher than the competition. We keep improving awareness of the brand. 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-...
  • Page 29
    ... 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 accomplishments, we are...
  • 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 premium ...
  • Page 31
    ... power to improve sales and enhance quality and productivity. Samsung Electronics' global ..., as we further diversified the Samsung Electronics mobile product portfolio, and our strategic ..., industrious and connected - that's the Samsung Electronics home. The Digital Appliance Business brings superior ...
  • Page 32
    ... revolution home, Samsung Electronics is driving success in appliance markets around the world. The division is... efforts to gain the number one market share by 2006. Samsung Electronics also has ... of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition,...
  • Page 33
    ...IT investments and strong demand for PCs, mobile phones and digital consumer electronics. Samsung Electronics overwhelmed its competitors in... is shifting from PCs to mobile devices and other digital consumer products. Samsung Electronics enjoys competitive advantages with its timely investments and, ...
  • Page 34
    ... investment in the R&D of innovative technologies and products. 130 CIS Camera phone quality can dramatically ... Business exceeded its targets in 2003 and marked another record year in sales with strong demand for...also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Page 35
    ... are focused 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...
  • 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
    37 Imagining the future, and then shaping it, has become a way of life at Samsung Electronics. And the results of our research and development drive our success as an emerging global leader. Samsung Electronics has applied for over a thousand patents. R&D is a ...
  • Page 38
    38 UB Pad & UB Weaver The UB Weaver personal assistant weaves diverse devices into a seamless network, acting as a data fishing rod for seamless 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 ...
  • Page 39
    ..., videophone calls, moving images and the ability to buy services and products through m-commerce. Soon, handsets will remotely control ... high-quality multimedia services via miniaturized sensor networks - all controlled by a Samsung Electronics handheld device. UB Sync The UB Sync makes recharging ...
  • Page 40
    ... 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 her...
  • Page 41
    ... high-speed portable Internet and 4G systems for future-generation services and handsets. Continuous R&D is how we create a steady stream of breakthrough and world class... life - today, tomorrow and in the years to come. e-post it A brainstorming assistant for recording, saving and ...
  • Page 42
    .... In China, Samsung Anycall is known as the best phone to give or get. Recent award-winning products cover a broad range, including refrigerators, printers, mobile phones, notebook PCs, TFT-LCD monitors, PDP TVs, camcorders, DVD players and ...
  • Page 43
    For the greater good
  • Page 44
    44 SOCIAL CONTRIBUTION
  • Page 45
    ... the world The world's great companies foster prosperity in the communities they serve. At Samsung Electronics,..., including the annual National Students' Creativity Olympiad. The Samsung Digital Hope Fund helps .... In 2003, through the Fund, Samsung Electronics provided a total of $ 600,000 to 15 youth...
  • Page 46
    .... At Salt Lake, we supplied 20,000 mobile handsets. Samsung Electronics also supports numerous events, such as the 14th... events and festivals all over the world, from Vietnam to Indonesia to Iran to Hungary and the Czech Republic. Samsung Electronics sponsors the World Cyber Games (WCG), the world's ...
  • Page 47
    ... chemicals we produce. In 2003, Samsung Electronics' commitment to the environment was recognized by several awards, including the 2003 Korea Green Management ... to restore the ecological system of the Woncheon stream. Also in 2003, Samsung Electronics participated in the "Korea-China Green Great ...
  • 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 ...
  • 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 2002, and the ...
  • Page 51
    51 million are to be distributed to the Company and the Affiliates. As of the date of this report, the shares in Samsung Life Insurance...Company had sales to, and purchases from, subsidiaries and affiliated companies within the Samsung Group amounting to ₩1,423,958 million and US$24,533,...
  • Page 52
    ...-term financial instruments Short-term available-for-sale securities Trade accounts and notes receivable... net of accumulated depreciation Long-term available-for-sale securities Equity-method Investments Deferred income...882 ₩ 34,439,600 December 31, 2003 and 2002 2002 In millions of Korean ...
  • Page 53
    53 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Trade accounts and notes payable Current portion of long-...,209 ₩ 9,788,906 ₩ 1,657,337 December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 ...
  • Page 54
    54 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Commitments and contingencies Shareholder's equity: Capital stock: Common stock Preferred stock... 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 Operating ... 1,067,772 457,950 ₩ 2,123,956 For the years ended December 31, 2003 and 2002 2002 2003 2002 In ...
  • Page 56
    56 Non-Consolidated Income Statements 2003 Non-operating expenses: Interest expense Foreign ...the equity method of accounting Loss on impairment of availablefor-sale securities Others Total non-operating expenses...8,870,466 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won...
  • Page 57
    ...Non-Consolidated Statements of Appropriations of Retained Earnings 2003 Retained earnings before appropriations: Unappropriated ... Cash dividends (Common stock : 100% in 2003 and 100% in 2002) (Preferred stock ... ₩ 31 For the years ended December 31, 2003 and 2002 Date of appropriations: February ...
  • Page 58
    58 Non-Consolidated Statements of Cash Flows 2003 Cash flows from operating activities: Net income ... equity method of accounting Loss on impairment of available-for-sale securities Deferred income taxes Others Total...,508,582 For the years ended December 31, 2003 and 2002 2002 In millions of Korean ...
  • 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
    ... Proceeds from disposal of short-term available-for-sale securities Acquisition of short-term available-... equipment Proceeds from long-term available-for-sale securities Proceeds from diposal of investments Acquisition ...,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 accounts and notes payable Repayment of current...,209 ₩ 210,062 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002...
  • Page 62
    62 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative ... accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses ...
  • Page 63
    63 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative ... accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses ...
  • 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
    66 BOARD OF DIRECTORS Samsung Electronics works to enhance its business by encouraging a progressive and ... independent manner. Kun-Hee Lee • Chairman & CEO, Samsung Electronics [1998-present]... Electronics • Chairman's Office [1998-2003] • President & CEO, Samsung Fire & Marine...
  • Page 67
    ...] Franz-Hermann Hirlinger • Outside director, Samsung Electronics [1998-present] • Representative, State of Barvaria Korea Office [2001-... Sung-Lark Rim • Outside director, Samsung Electronics [2000-present] • Executive Director, Korea Financial Planner Association [2000-...
  • Page 68
    ... Fax: 82-2-727-7985 www.samsung.com KOREAN PRODUCTION BASES Suwon Complex 416,...-myon Asan-gun, Chungcheongnam-do Korea Tel: 82-41-540-7114... OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC...-752-332-1401 Tianjin Tongguang Samsung Electronics Co., Ltd. (TTSEC) Tianjin...
  • Page 69
    ...-2-2758-9588 Samsung Electronics ASIA Production Bases P.T. Samsung Electronics Indonesia (SEIN.... (SDMA) Seremban Malaysia Tel: 60-6-678-7914 Samsung India Electronics Ltd...-10-6510-1234 Sales Bases Thai Samsung Electronics Co., Ltd. (TSE... Tel: 86-20-3879-2268 Samsung Electronics Taiwan Co.,Ltd. (SET...
  • 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 ..., South Africa Tel: 27-11-549-1510 AMERICA Production Bases Sales Bases Samsung Electronics Samsung Electronics Latinoamerica (Zona Libre), S.A. (SELAPA) Panama, Panama Tel: 50-7-210-...
  • 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
    ... 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 first ...
  • 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, revenue ... Fortune's World's Most Admired Electronics Companies. 24% Average annual growth over last four years in sales of mobile handsets. 30...
  • 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
    ..., improve 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 - ...
  • Samsung 2003 Annual Report - Page 11
    ... financial centers and in government chambers around the world, we had already made significant moves to ... financial management, and lauded Samsung Electronics for the "Best Communication of Shareholder Value in Asia" as well as the "Best IR by a Korean Company." Samsung Electronics is ...
  • Samsung 2003 Annual Report - Page 12
    ...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 ...highs. Results were driven by sales of premium products. These include high-value mobile handsets, ï¬,ash...
  • Samsung 2003 Annual Report - Page 13
    13 > We can point to many reasons why Samsung Electronics continues to sustain superior performance. We emphasize profi... 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
    ... every level of customer contact, we continue to build the brand and drive sales. 4. Cost innovation - Even as a premium ... think, act and work. With challenging goals and a pioneering spirit, our people are up to the task. At Samsung Electronics, we are not content with current achievements. To drive...
  • 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 ... intend to seize this opportunity to leap forward and become a premier company in the world - the best of the best - as we help shape ...
  • Samsung 2003 Annual Report - Page 16
    ... digital broadcasting. Now every appliance in the home - from the washing machine to the vacuum to the refrigerator - works better, cleaner and smarter. All thanks 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
    ...communications that 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,...
  • 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
    ...be the hub 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 ...
  • 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
    ... higher than the competition. We keep improving awareness of the brand. 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-...
  • Samsung 2003 Annual Report - Page 29
    ... 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 accomplishments, we are...
  • 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 premium ...
  • Samsung 2003 Annual Report - Page 31
    ... power to improve sales and enhance quality and productivity. Samsung Electronics' global ..., as we further diversified the Samsung Electronics mobile product portfolio, and our strategic ..., industrious and connected - that's the Samsung Electronics home. The Digital Appliance Business brings superior ...
  • Samsung 2003 Annual Report - Page 32
    ... revolution home, Samsung Electronics is driving success in appliance markets around the world. The division is... efforts to gain the number one market share by 2006. Samsung Electronics also has ... of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition,...
  • Samsung 2003 Annual Report - Page 33
    ...IT investments and strong demand for PCs, mobile phones and digital consumer electronics. Samsung Electronics overwhelmed its competitors in... is shifting from PCs to mobile devices and other digital consumer products. Samsung Electronics enjoys competitive advantages with its timely investments and, ...
  • Samsung 2003 Annual Report - Page 34
    ... investment in the R&D of innovative technologies and products. 130 CIS Camera phone quality can dramatically ... Business exceeded its targets in 2003 and marked another record year in sales with strong demand for...also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Samsung 2003 Annual Report - Page 35
    ... are focused 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...
  • 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
    37 Imagining the future, and then shaping it, has become a way of life at Samsung Electronics. And the results of our research and development drive our success as an emerging global leader. Samsung Electronics has applied for over a thousand patents. R&D is a ...
  • Samsung 2003 Annual Report - Page 38
    38 UB Pad & UB Weaver The UB Weaver personal assistant weaves diverse devices into a seamless network, acting as a data fishing rod for seamless 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 ...
  • Samsung 2003 Annual Report - Page 39
    ..., videophone calls, moving images and the ability to buy services and products through m-commerce. Soon, handsets will remotely control ... high-quality multimedia services via miniaturized sensor networks - all controlled by a Samsung Electronics handheld device. UB Sync The UB Sync makes recharging ...
  • Samsung 2003 Annual Report - Page 40
    ... 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 her...
  • Samsung 2003 Annual Report - Page 41
    ... high-speed portable Internet and 4G systems for future-generation services and handsets. Continuous R&D is how we create a steady stream of breakthrough and world class... life - today, tomorrow and in the years to come. e-post it A brainstorming assistant for recording, saving and ...
  • Samsung 2003 Annual Report - Page 42
    .... In China, Samsung Anycall is known as the best phone to give or get. Recent award-winning products cover a broad range, including refrigerators, printers, mobile phones, notebook PCs, TFT-LCD monitors, PDP TVs, camcorders, DVD players and ...
  • 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
    ... the world The world's great companies foster prosperity in the communities they serve. At Samsung Electronics,..., including the annual National Students' Creativity Olympiad. The Samsung Digital Hope Fund helps .... In 2003, through the Fund, Samsung Electronics provided a total of $ 600,000 to 15 youth...
  • Samsung 2003 Annual Report - Page 46
    .... At Salt Lake, we supplied 20,000 mobile handsets. Samsung Electronics also supports numerous events, such as the 14th... events and festivals all over the world, from Vietnam to Indonesia to Iran to Hungary and the Czech Republic. Samsung Electronics sponsors the World Cyber Games (WCG), the world's ...
  • Samsung 2003 Annual Report - Page 47
    ... chemicals we produce. In 2003, Samsung Electronics' commitment to the environment was recognized by several awards, including the 2003 Korea Green Management ... to restore the ecological system of the Woncheon stream. Also in 2003, Samsung Electronics participated in the "Korea-China Green Great ...
  • 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 ...
  • 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 2002, and the ...
  • Samsung 2003 Annual Report - Page 51
    51 million are to be distributed to the Company and the Affiliates. As of the date of this report, the shares in Samsung Life Insurance...Company had sales to, and purchases from, subsidiaries and affiliated companies within the Samsung Group amounting to ₩1,423,958 million and US$24,533,...
  • Samsung 2003 Annual Report - Page 52
    ...-term financial instruments Short-term available-for-sale securities Trade accounts and notes receivable... net of accumulated depreciation Long-term available-for-sale securities Equity-method Investments Deferred income...882 ₩ 34,439,600 December 31, 2003 and 2002 2002 In millions of Korean ...
  • 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-...,209 ₩ 9,788,906 ₩ 1,657,337 December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 ...
  • 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... 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 Operating ... 1,067,772 457,950 ₩ 2,123,956 For the years ended December 31, 2003 and 2002 2002 2003 2002 In ...
  • Samsung 2003 Annual Report - Page 56
    56 Non-Consolidated Income Statements 2003 Non-operating expenses: Interest expense Foreign ...the equity method of accounting Loss on impairment of availablefor-sale securities Others Total non-operating expenses...8,870,466 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won...
  • Samsung 2003 Annual Report - Page 57
    ...Non-Consolidated Statements of Appropriations of Retained Earnings 2003 Retained earnings before appropriations: Unappropriated ... Cash dividends (Common stock : 100% in 2003 and 100% in 2002) (Preferred stock ... ₩ 31 For the years ended December 31, 2003 and 2002 Date of appropriations: February ...
  • Samsung 2003 Annual Report - Page 58
    58 Non-Consolidated Statements of Cash Flows 2003 Cash flows from operating activities: Net income ... equity method of accounting Loss on impairment of available-for-sale securities Deferred income taxes Others Total...,508,582 For the years ended December 31, 2003 and 2002 2002 In millions of Korean ...
  • 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
    ... Proceeds from disposal of short-term available-for-sale securities Acquisition of short-term available-... equipment Proceeds from long-term available-for-sale securities Proceeds from diposal of investments Acquisition ...,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 accounts and notes payable Repayment of current...,209 ₩ 210,062 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002...
  • Samsung 2003 Annual Report - Page 62
    62 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative ... accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses ...
  • Samsung 2003 Annual Report - Page 63
    63 Non-Consolidated Five-Year Financial Summary 2003 Sales: Domestic Export Total sales Cost of sales Gross profit Selling, general and administrative ... accounting Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses ...
  • 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
    66 BOARD OF DIRECTORS Samsung Electronics works to enhance its business by encouraging a progressive and ... independent manner. Kun-Hee Lee • Chairman & CEO, Samsung Electronics [1998-present]... Electronics • Chairman's Office [1998-2003] • President & CEO, Samsung Fire & Marine...
  • Samsung 2003 Annual Report - Page 67
    ...] Franz-Hermann Hirlinger • Outside director, Samsung Electronics [1998-present] • Representative, State of Barvaria Korea Office [2001-... Sung-Lark Rim • Outside director, Samsung Electronics [2000-present] • Executive Director, Korea Financial Planner Association [2000-...
  • Samsung 2003 Annual Report - Page 68
    ... Fax: 82-2-727-7985 www.samsung.com KOREAN PRODUCTION BASES Suwon Complex 416,...-myon Asan-gun, Chungcheongnam-do Korea Tel: 82-41-540-7114... OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC...-752-332-1401 Tianjin Tongguang Samsung Electronics Co., Ltd. (TTSEC) Tianjin...
  • Samsung 2003 Annual Report - Page 69
    ...-2-2758-9588 Samsung Electronics ASIA Production Bases P.T. Samsung Electronics Indonesia (SEIN.... (SDMA) Seremban Malaysia Tel: 60-6-678-7914 Samsung India Electronics Ltd...-10-6510-1234 Sales Bases Thai Samsung Electronics Co., Ltd. (TSE... Tel: 86-20-3879-2268 Samsung Electronics Taiwan Co.,Ltd. (SET...
  • 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 ..., South Africa Tel: 27-11-549-1510 AMERICA Production Bases Sales Bases Samsung Electronics Samsung Electronics Latinoamerica (Zona Libre), S.A. (SELAPA) Panama, Panama Tel: 50-7-210-...
  • Samsung 2003 Annual Report - Page 72
    Coming together