Search for a Company by Name
Home > Samsung Annual Reports > 2003 Annual Report

Samsung 2003 Annual Report Download

Download and view the complete 2003 Samsung annual report

Please find the complete 2003 Samsung annual report annual report below. You can navigate through the pages in the report by either clicking one the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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
    ... DVD Combo. Brand Keys Best Brand Mobile Phone in America. Number one worldwide in DRAM and ... one in the US in sales of projection TVs, even though Samsung Electronics premium products are 20% .... Ranked second in Euromoney's corporate governance ranking of 500 emerging market companies. Number two in ...
  • Page 7
    7 3rd Samsung Electronics rose to third in the 2003 BusinessWeek IT 100, a ranking of the world's best technology ... Companies. 24% Average annual growth over last four years in sales of mobile handsets. ... growing brand worldwide for two years in a row, Samsung Electronics' brand equity has grown 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
    ...the world. Especially given the state of the world economy, 2003 brought remarkable results, both in tangible returns ...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 ...
  • Page 11
    ... our financial reporting and oversight. The Board has a sizeable percentage of outside Directors, and ... we adhere to world-class practices. Samsung Electronics has been singled out ... financial management, and lauded Samsung Electronics for the "Best Communication of Shareholder Value in Asia" ...
  • Page 12
    ...Terror continued to threaten world security. Many countries and regions were plagued with political ...business environment, Samsung Electronics posted a second record-breaking year in a row in 2003. Exceptional ...Results were driven by sales of premium products. These include high-value mobile handsets,...
  • Page 13
    13 > We can point to many reasons why Samsung Electronics continues to sustain superior performance. We ...ts rather than sales growth. We drive competitiveness through bringing premium products to global markets. We ..., we can thank you and our employees worldwide for their undying efforts. Our people ...
  • Page 14
    ... level of customer contact, we continue to build the brand and drive sales. 4. Cost innovation -...continue to develop highly localized product strategies to meet each market's unique needs, while ...pioneering spirit, our people are up to the task. At Samsung Electronics, we are not content with current ...
  • Page 15
    ...Won / US Dollar as of December 31, 2003: 1,197/1 >> Samsung Electronics maintained a sizeable cash ... line and an upgrade in technology to build larger LCD panels for television sets and ... to invest for the future and to accelerate innovation in products, technology, marketing, cost, global operations...
  • 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
    more than work In the imminent future, ubiquitous connection drives productivity and personal satisfaction at every level of business. From the .... 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
    .... In the coming years, the mobile handset will be the hub of all other devices, enabling people to access ... at any time through any device. Samsung Electronics is at the center of this revolution, helping to shape... future. We put the power and delight of converged communications into everybody's hands...
  • 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
    ...Media Business posted stable growth in 2003, focused on marketing core premium products such as digital TVs....DVD Combo Players. Moreover, we took number one in the US market in high-end DLP projection... best in terms of quality and style. In 2003, Samsung Electronics introduced a 70-inch PDP television...
  • Page 29
    ... color laser printer with superior capabilities. We also introduced a number of world's first products. These,... installed with Centrino and a TV tuner. Samsung Electronics' home theater system and digital ... centers in eight countries, including our recently opened Digital TV Research Center in India. ...
  • Page 30
    ... of mobile phones, Samsung Electronics has risen to number two in the world. to build up market leadership ... handsets, to expand high value-added areas such as GSM based PDAs, Mobile Intelligent Terminals ... Design Team Product Designer Seo-Young Shin right: Telecommunication Network Business Sales & ...
  • Page 31
    31 SCH-V330Æ'¢Web Phone A powerful mobile phone in which all the latest ... taking the number two ranking from Motorola. The market is estimated to grow seven percent in 2004. Samsung ... on creating innovative products that link the home to the digital future. CE1150Æ'¢Microwave Steam Oven ...
  • Page 32
    ...cleaners and drum washing machines. We are redoubling efforts to position Samsung Electronics as a leader ... facility in India, part of our strategic efforts to gain the number one market share ...line of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition...
  • Page 33
    ..., mobile phones and digital consumer electronics. Samsung Electronics overwhelmed its competitors in market..., taking it down to 70nm making possible the world's largest capacity flash memory device... investment in the research and development of innovative technologies and products. System LSI Business...
  • Page 34
    34 We have doubled our investment in the R&D of innovative technologies and products. 130 CIS Camera phone quality can dramatically improve, rivaling that of ... Engineer Sergey Zhidkov are also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Page 35
    ..., we will expand the market power of four key products: high value added notebook PCs, large ... will improve cost competitiveness by drastically reducing the number of required parts, reducing raw material costs and .... 57-inch TFT-LCD TV In another world's first, Samsung Electronics has developed a 57...
  • 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
    ... drive our success as an emerging global leader. Samsung Electronics has applied for over a thousand patents....that spans the globe with operations in Korea, China, India, Russia, Israel, the UK and the USA. Smile-bot Smile-bot greets visitors with a handy touch screen and provides automated vacuum ...
  • 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¬,... 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
    ... mobile telecommunications standards into new technologies. Our innovations keep pushing forward ... devices in our homes. Within this current decade, we will likely usher in the age of omnipresent ... multimedia services via miniaturized sensor networks - all controlled by a Samsung Electronics handheld...
  • Page 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 ...
  • Page 41
    ... the digital home with VOD and HDTV. We are commercializing video services for cyber-education ... portable Internet and 4G systems for future-generation services and handsets. Continuous ... in the years to come. e-post it A brainstorming assistant for recording, saving and organizing inspired moments,...
  • Page 42
    ...mobile communications, and Samsung Electronics continues to release a steady stream of innovative, premium products ...places, including number one with the P400. In China, Samsung Anycall is known as the best phone to give... refrigerators, printers, mobile phones, notebook PCs, TFT-LCD monitors, PDP TVs...
  • Page 43
    For the greater good
  • Page 44
    44 SOCIAL CONTRIBUTION
  • Page 45
    ... four super-sized water tanks for potable water, as well as communications and financial assistance to... we support children's educational programs around the world. In 2003, this involved over twenty countries,.... In 2003, through the Fund, Samsung Electronics provided a total of $ 600,000 to 15 youth ...
  • Page 46
    ...Samsung Electronics has been the official TOP (The Olympic Partner) sponsor in the Wireless Communication ... Games. In 2003, we expanded sports marketing with the sponsorship of the Samsung Super League Equestrian ... and most prestigious equestrian events, the annual Crufts Dog Show in England, and ...
  • Page 47
    ... We work hard to develop eco-smart products and we continually seek to reduce ...VCR garnered the Green Marketing Grand Prize in the sector of large-sized corporations at a ceremony hosted ... the ecological system of the Woncheon stream. Also in 2003, Samsung Electronics participated in the "Korea-China ...
  • 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... with accounting principles generally accepted in the Republic of Korea. Without qualifying our opinion, we draw... agreed to sell 3,500,000 shares of Samsung Life Insurance Co., Ltd., which ...
  • Page 51
    ...Company and the Affiliates. As of the date of this report, the shares in Samsung Life Insurance Co., Ltd.... accounts receivable and accounts payable as of December 31, 2003 amounted to ₩437,101 ... on January 15, 2004, with the Board of Directors' approval on October 17, 2003. the reader, have ...
  • 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-term debt Other accounts ... ₩ 9,788,906 ₩ 1,657,337 December 31, 2003 and 2002 2002 In millions of Korean won 2003 ...
  • Page 54
    54 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Commitments and ... Preferred stock Capital surplus: Paid-in capital in excess of par value Other capital surplus Retained earnings: (Net income of ₩5,958,998 million in 2003 and ₩7,051,761 million in 2002) Capital ...
  • 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
    ...-Consolidated Statements of Appropriations of Retained Earnings 2003 Retained earnings before appropriations: Unappropriated ... dividends (Dividend rate : 10% of per value) Retirment of treasury stock Net income... ₩ 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 ...on impairment of available-for-sale securities Deferred income taxes Others Total items not involving operating ...,508,582 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won...
  • Page 59
    59 Non-Consolidated Statements of Cash Flows 2003 Changes in operating assets and liabilities: Trade ... and notes receivable Inventories Trade accounts and notes payable Accrued expenses Income taxes payable ... (182,864) For the years ended December 31, 2003 and 2002 2002 In millions of Korean won ...
  • Page 60
    60 Non-Consolidated Statements of Cash Flows 2003 Cash ï¬,ows from investing activities: Disposal(...and 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 portion of long-term debt Proceeds from other long term liabilities Payment of dividends ...
  • 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 ... Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses ...,021 For the years ended December 31, 1999-2003 2002 2001 2000 1999 In thousands of ...
  • 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
    ...issues delegated to them by the BOD and reports their voting results to the board in accordance with the AOI, BOD charter,... outside directors in a fair and independent manner. Kun-Hee Lee • Chairman & CEO, Samsung Electronics [1998-present] • Member, International Olympic Committee [1996...
  • Page 67
    ... • Outside director, Samsung Electronics [1998-present] • Representative, State of Barvaria Korea Offi...-2001] • Senior Investment Manager and Head of International Marketing, • Credit Suisse [1991..., Korea Exchange Bank [1997-1999] Gwi-Ho Chung • Outside Director[2003...
  • Page 68
    68 GLOBAL NETWORK HEAD OFFICE Samsung Main Building 250-2 ga, Taepyong-...Plant OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC)...510, Sungsung-dong Cheonan, Chungcheongnam-do Korea Tel: 82-41-529-7114 ..., Gongdan-dong, Gumi Gyeongsangbuk-do, Korea Tel: 82-54-460-2114...
  • Page 69
    ... Delhi, India Tel: 91-1191-568251 Samsung Electronics Philippine Manufacturing Corporation ...-49-545-9153 Shanghai Samsung Mobile Communications Co.,Ltd. (SSM) Shanghai,... (SEBJ) Beijing, China Tel: 86-10-6510-1234 Sales Bases Thai... Tel: 61-2-9638-5200 Samsung Electronics Malaysia Sdn. Bhd. (SEMA) Port...
  • Page 70
    ... Office (SEU) Kiev, Ukraine Tel: 380-44-490-6878 Samsung...-15-219-6100 EUROPE Production Bases Samsung Electronics Hungarian Co., Ltd... Tel: 33-1-5568-4000 Samsung Electronics Italia S.P.A. (SEI) Cernusco sul Nariglio...-181-380-7200 Sales Bases Samsung Electronics Samsung Electronics U.K. Ltd. (SEUK...
  • Page 71
    ...-11-549-1510 AMERICA Production Bases Sales Bases Samsung Electronics Samsung Electronics Latinoamerica (Zona ..., Mexico Tel: 52-55-5686-0800 Samsung Austin Semiconductor (SAS) Austin, Texas, U.S.A. ..., New Jersey, U.S.A. Tel: 1-201-229-4000 Samsung Telecommunications America, Inc. (STA) Richardson, ...
  • Page 72
    Coming together


Type your new search above

The manual viewer requires the flash plugin to be installed and enabled.
To view this page ensure that Adobe Flash Player version 10 or greater is installed.

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
    ... DVD Combo. Brand Keys Best Brand Mobile Phone in America. Number one worldwide in DRAM and ... one in the US in sales of projection TVs, even though Samsung Electronics premium products are 20% .... Ranked second in Euromoney's corporate governance ranking of 500 emerging market companies. Number two in ...
  • 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. 24% Average annual growth over last four years in sales of mobile handsets. ... growing brand worldwide for two years in a row, Samsung Electronics' brand equity has grown 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
    ...the world. Especially given the state of the world economy, 2003 brought remarkable results, both in tangible returns ...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 ...
  • Samsung 2003 Annual Report - Page 11
    ... our financial reporting and oversight. The Board has a sizeable percentage of outside Directors, and ... we adhere to world-class practices. Samsung Electronics has been singled out ... financial management, and lauded Samsung Electronics for the "Best Communication of Shareholder Value in Asia" ...
  • Samsung 2003 Annual Report - Page 12
    ...Terror continued to threaten world security. Many countries and regions were plagued with political ...business environment, Samsung Electronics posted a second record-breaking year in a row in 2003. Exceptional ...Results were driven by sales of premium products. These include high-value mobile handsets,...
  • Samsung 2003 Annual Report - Page 13
    13 > We can point to many reasons why Samsung Electronics continues to sustain superior performance. We ...ts rather than sales growth. We drive competitiveness through bringing premium products to global markets. We ..., we can thank you and our employees worldwide for their undying efforts. Our people ...
  • Samsung 2003 Annual Report - Page 14
    ... level of customer contact, we continue to build the brand and drive sales. 4. Cost innovation -...continue to develop highly localized product strategies to meet each market's unique needs, while ...pioneering spirit, our people are up to the task. At Samsung Electronics, we are not content with current ...
  • Samsung 2003 Annual Report - Page 15
    ...Won / US Dollar as of December 31, 2003: 1,197/1 >> Samsung Electronics maintained a sizeable cash ... line and an upgrade in technology to build larger LCD panels for television sets and ... to invest for the future and to accelerate innovation in products, technology, marketing, cost, global operations...
  • 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
    more than work In the imminent future, ubiquitous connection drives productivity and personal satisfaction at every level of business. From the .... 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
    .... In the coming years, the mobile handset will be the hub of all other devices, enabling people to access ... at any time through any device. Samsung Electronics is at the center of this revolution, helping to shape... future. We put the power and delight of converged communications into everybody's hands...
  • 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
    ...Media Business posted stable growth in 2003, focused on marketing core premium products such as digital TVs....DVD Combo Players. Moreover, we took number one in the US market in high-end DLP projection... best in terms of quality and style. In 2003, Samsung Electronics introduced a 70-inch PDP television...
  • Samsung 2003 Annual Report - Page 29
    ... color laser printer with superior capabilities. We also introduced a number of world's first products. These,... installed with Centrino and a TV tuner. Samsung Electronics' home theater system and digital ... centers in eight countries, including our recently opened Digital TV Research Center in India. ...
  • Samsung 2003 Annual Report - Page 30
    ... of mobile phones, Samsung Electronics has risen to number two in the world. to build up market leadership ... handsets, to expand high value-added areas such as GSM based PDAs, Mobile Intelligent Terminals ... Design Team Product Designer Seo-Young Shin right: Telecommunication Network Business Sales & ...
  • Samsung 2003 Annual Report - Page 31
    31 SCH-V330Æ'¢Web Phone A powerful mobile phone in which all the latest ... taking the number two ranking from Motorola. The market is estimated to grow seven percent in 2004. Samsung ... on creating innovative products that link the home to the digital future. CE1150Æ'¢Microwave Steam Oven ...
  • Samsung 2003 Annual Report - Page 32
    ...cleaners and drum washing machines. We are redoubling efforts to position Samsung Electronics as a leader ... facility in India, part of our strategic efforts to gain the number one market share ...line of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition...
  • Samsung 2003 Annual Report - Page 33
    ..., mobile phones and digital consumer electronics. Samsung Electronics overwhelmed its competitors in market..., taking it down to 70nm making possible the world's largest capacity flash memory device... investment in the research and development of innovative technologies and products. System LSI Business...
  • Samsung 2003 Annual Report - Page 34
    34 We have doubled our investment in the R&D of innovative technologies and products. 130 CIS Camera phone quality can dramatically improve, rivaling that of ... Engineer Sergey Zhidkov are also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Samsung 2003 Annual Report - Page 35
    ..., we will expand the market power of four key products: high value added notebook PCs, large ... will improve cost competitiveness by drastically reducing the number of required parts, reducing raw material costs and .... 57-inch TFT-LCD TV In another world's first, Samsung Electronics has developed a 57...
  • 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
    ... drive our success as an emerging global leader. Samsung Electronics has applied for over a thousand patents....that spans the globe with operations in Korea, China, India, Russia, Israel, the UK and the USA. Smile-bot Smile-bot greets visitors with a handy touch screen and provides automated vacuum ...
  • 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¬,... 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
    ... mobile telecommunications standards into new technologies. Our innovations keep pushing forward ... devices in our homes. Within this current decade, we will likely usher in the age of omnipresent ... multimedia services via miniaturized sensor networks - all controlled by a Samsung Electronics handheld...
  • Samsung 2003 Annual Report - Page 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 ...
  • Samsung 2003 Annual Report - Page 41
    ... the digital home with VOD and HDTV. We are commercializing video services for cyber-education ... portable Internet and 4G systems for future-generation services and handsets. Continuous ... in the years to come. e-post it A brainstorming assistant for recording, saving and organizing inspired moments,...
  • Samsung 2003 Annual Report - Page 42
    ...mobile communications, and Samsung Electronics continues to release a steady stream of innovative, premium products ...places, including number one with the P400. In China, Samsung Anycall is known as the best phone to give... refrigerators, printers, mobile phones, notebook PCs, TFT-LCD monitors, PDP TVs...
  • 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
    ... four super-sized water tanks for potable water, as well as communications and financial assistance to... we support children's educational programs around the world. In 2003, this involved over twenty countries,.... In 2003, through the Fund, Samsung Electronics provided a total of $ 600,000 to 15 youth ...
  • Samsung 2003 Annual Report - Page 46
    ...Samsung Electronics has been the official TOP (The Olympic Partner) sponsor in the Wireless Communication ... Games. In 2003, we expanded sports marketing with the sponsorship of the Samsung Super League Equestrian ... and most prestigious equestrian events, the annual Crufts Dog Show in England, and ...
  • Samsung 2003 Annual Report - Page 47
    ... We work hard to develop eco-smart products and we continually seek to reduce ...VCR garnered the Green Marketing Grand Prize in the sector of large-sized corporations at a ceremony hosted ... the ecological system of the Woncheon stream. Also in 2003, Samsung Electronics participated in the "Korea-China ...
  • 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... with accounting principles generally accepted in the Republic of Korea. Without qualifying our opinion, we draw... agreed to sell 3,500,000 shares of Samsung Life Insurance Co., Ltd., which ...
  • Samsung 2003 Annual Report - Page 51
    ...Company and the Affiliates. As of the date of this report, the shares in Samsung Life Insurance Co., Ltd.... accounts receivable and accounts payable as of December 31, 2003 amounted to ₩437,101 ... on January 15, 2004, with the Board of Directors' approval on October 17, 2003. the reader, have ...
  • 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-term debt Other accounts ... ₩ 9,788,906 ₩ 1,657,337 December 31, 2003 and 2002 2002 In millions of Korean won 2003 ...
  • Samsung 2003 Annual Report - Page 54
    54 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Commitments and ... Preferred stock Capital surplus: Paid-in capital in excess of par value Other capital surplus Retained earnings: (Net income of ₩5,958,998 million in 2003 and ₩7,051,761 million in 2002) Capital ...
  • 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
    ...-Consolidated Statements of Appropriations of Retained Earnings 2003 Retained earnings before appropriations: Unappropriated ... dividends (Dividend rate : 10% of per value) Retirment of treasury stock Net income... ₩ 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 ...on impairment of available-for-sale securities Deferred income taxes Others Total items not involving operating ...,508,582 For the years ended December 31, 2003 and 2002 2002 In millions of Korean won...
  • Samsung 2003 Annual Report - Page 59
    59 Non-Consolidated Statements of Cash Flows 2003 Changes in operating assets and liabilities: Trade ... and notes receivable Inventories Trade accounts and notes payable Accrued expenses Income taxes payable ... (182,864) For the years ended December 31, 2003 and 2002 2002 In millions of Korean won ...
  • Samsung 2003 Annual Report - Page 60
    60 Non-Consolidated Statements of Cash Flows 2003 Cash ï¬,ows from investing activities: Disposal(...and 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 portion of long-term debt Proceeds from other long term liabilities Payment of dividends ...
  • 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 ... Loss on valuation of inventories Loss on impairment of available-for-sale securities Others Total non-operating expenses ...,021 For the years ended December 31, 1999-2003 2002 2001 2000 1999 In thousands of ...
  • 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
    ...issues delegated to them by the BOD and reports their voting results to the board in accordance with the AOI, BOD charter,... outside directors in a fair and independent manner. Kun-Hee Lee • Chairman & CEO, Samsung Electronics [1998-present] • Member, International Olympic Committee [1996...
  • Samsung 2003 Annual Report - Page 67
    ... • Outside director, Samsung Electronics [1998-present] • Representative, State of Barvaria Korea Offi...-2001] • Senior Investment Manager and Head of International Marketing, • Credit Suisse [1991..., Korea Exchange Bank [1997-1999] Gwi-Ho Chung • Outside Director[2003...
  • Samsung 2003 Annual Report - Page 68
    68 GLOBAL NETWORK HEAD OFFICE Samsung Main Building 250-2 ga, Taepyong-...Plant OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC)...510, Sungsung-dong Cheonan, Chungcheongnam-do Korea Tel: 82-41-529-7114 ..., Gongdan-dong, Gumi Gyeongsangbuk-do, Korea Tel: 82-54-460-2114...
  • Samsung 2003 Annual Report - Page 69
    ... Delhi, India Tel: 91-1191-568251 Samsung Electronics Philippine Manufacturing Corporation ...-49-545-9153 Shanghai Samsung Mobile Communications Co.,Ltd. (SSM) Shanghai,... (SEBJ) Beijing, China Tel: 86-10-6510-1234 Sales Bases Thai... Tel: 61-2-9638-5200 Samsung Electronics Malaysia Sdn. Bhd. (SEMA) Port...
  • Samsung 2003 Annual Report - Page 70
    ... Office (SEU) Kiev, Ukraine Tel: 380-44-490-6878 Samsung...-15-219-6100 EUROPE Production Bases Samsung Electronics Hungarian Co., Ltd... Tel: 33-1-5568-4000 Samsung Electronics Italia S.P.A. (SEI) Cernusco sul Nariglio...-181-380-7200 Sales Bases Samsung Electronics Samsung Electronics U.K. Ltd. (SEUK...
  • Samsung 2003 Annual Report - Page 71
    ...-11-549-1510 AMERICA Production Bases Sales Bases Samsung Electronics Samsung Electronics Latinoamerica (Zona ..., Mexico Tel: 52-55-5686-0800 Samsung Austin Semiconductor (SAS) Austin, Texas, U.S.A. ..., New Jersey, U.S.A. Tel: 1-201-229-4000 Samsung Telecommunications America, Inc. (STA) Richardson, ...
  • Samsung 2003 Annual Report - Page 72
    Coming together