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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
    ... 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% ... largest maker of mobile handsets, in terms of revenue market share. Ranked second in Euromoney's corporate ...
  • 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 growth, return on equity, total return and... Most Admired Electronics Companies. 24% Average annual growth over last four years in sales of ...
  • 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
    ... around the globe, from emerging markets in China, Hong Kong and India to the leading consumer ...¬t and market leadership. Delivering on the promise to improve shareholder value, Samsung Electronics paid... - for the fiscal year 2003, the same as the previous year, and retired company stock worth...
  • 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
    ... business environment, Samsung Electronics posted a second record-breaking year in a row in 2003. Exceptional fi.... Results were driven by sales of premium products. These include high-value mobile handsets, ... cameras and MP3 players, and LCDs for notebook PCs, desktop monitors and televisions.
  • Page 13
    ...We can point to many reasons why Samsung Electronics continues to sustain superior performance....than sales growth. We drive competitiveness through bringing premium products to global markets....future to world-class companies. In the business world of tomorrow, only world leaders will be able to secure...
  • Page 14
    ...at every level of customer contact, we continue to build the brand and drive sales. 4. Cost ...We 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
    15 Won / US Dollar as of December 31, 2003: 1,197/1 >> Samsung Electronics maintained a sizeable cash ... state-of-the-art chip production line and an upgrade in technology to build larger LCD ... for the future and to accelerate innovation in products, technology, marketing, cost, global operations and ...
  • 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
    ... 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 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
    ... 2003, focused on marketing core premium products such as digital TVs. Notably, Samsung Electronics maintained... best in terms of quality and style. In 2003, Samsung Electronics introduced a 70-inch PDP ...largest. Rapid growth in the large- X10Æ'¢Notebook PC The world's thinnest and lightest two-...
  • Page 29
    29 SCD5000Æ'¢DuoCam The latest in Samsung Electronics' line of digital convergence products, the SCD5000 ..., and a premium color laser printer with superior capabilities. We also introduced a number of world's ..., including our recently opened Digital TV Research Center in India. We continue to ...
  • Page 30
    ... sales revenue of mobile phones, Samsung Electronics has risen to number two in the world. to build up... our future, differentiation, innovation and a focus on premium products will drive growth. The best in advanced ... market share in CDMA handsets, to expand high value-added areas such as GSM based ...
  • Page 31
    ... Asia. The best in home appliances DIGITAL APPLIANCE BUSINESS Effortless, industrious and connected - that's the Samsung Electronics home. The ... concentrating on creating innovative products that link the home to the digital future. CE1150Æ'¢Microwave Steam Oven This easy to use combination ...
  • Page 32
    ...world. The division is putting more focus on high-end, innovative products such as side-by-side ... and drum washing machines. We are redoubling efforts to position Samsung Electronics as a leader ... of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition,...
  • Page 33
    ... Web access and TV viewing into a major kitchen appliance, demonstrating a Samsung ... demand for PCs, mobile phones and digital consumer electronics. Samsung Electronics overwhelmed ... and profitability with its strategic focus on being first-to-market with innovative value-added products. In the memory...
  • Page 34
    ...innovative technologies and products. 130 CIS Camera phone quality can dramatically improve, rivaling that ...its targets in 2003 and marked another record year in sales with strong demand for notebook PCs, LCD...are also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Page 35
    ... First, we will expand the market power of four key products: high value added notebook PCs, large scale... the business. Sales more than doubled, for another record year for the LCD Business. We are focused on cost .... 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,...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
    ...international mobile telecommunications standards into new technologies. Our innovations keep pushing forward... images and the ability to buy services and products through m-commerce. Soon, handsets... 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
    ... into the digital home with VOD and HDTV. We are commercializing video services for cyber-education ... a steady stream of breakthrough and world class products that enhance the quality of life - today, tomorrow and in the years to come. e-post it A brainstorming assistant for recording, saving and ...
  • Page 42
    ... communications, and Samsung Electronics continues to release a steady stream of innovative, premium products..., including number one with the P400. In China, Samsung Anycall is known as the best phone to give... products cover a broad range, including refrigerators, printers, mobile phones, notebook PCs...
  • Page 43
    For the greater good
  • Page 44
    44 SOCIAL CONTRIBUTION
  • Page 45
    ... and our annual Global Volunteer Service Festival, we contributed to hundreds of community ...we support children's educational programs around the world. In 2003, this involved over twenty countries... the gap of the digital divide. In 2003, through the Fund, Samsung Electronics provided a total of $ 600...
  • Page 46
    ... events, the annual Crufts Dog Show in England, and the World Hockey Championship (FIH).... the world, from Vietnam to Indonesia to Iran to Hungary and the Czech Republic. Samsung Electronics sponsors ..." format, the WCG 2004 Grand Final will be the first to be held outside of Korea, in San Francisco...
  • Page 47
    ... was recognized by several awards, including the 2003 Korea Green Management Grand Prize given ...VCR garnered the Green Marketing Grand Prize in the sector of large-sized corporations at a ceremony hosted ... knowledge throughout our company. Samsung Electronics employees have taken the lead with "Adopt...
  • 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
    ... and the Affiliates. As of the date of this report, the shares in Samsung Life Insurance Co., Ltd.... on January 15, 2004, with the Board of Directors' approval on October 17, 2003. the reader, have ... principles and practices generally accepted in countries and jurisdictions other than the Republic...
  • 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 ...,209 ₩ 9,788,906 ₩ 1,657,337 December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 In thousands of U.S.dollars $ 1,554,871 873,192 2,244,777 1,805,687 738,...
  • Page 54
    54 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Commitments and ... Common stock Preferred stock Capital surplus: Paid-in capital in excess of par value Other capital surplus ...,761 million in 2002) Capital adjustments: Treasury stock Others TOTAL SHAREHOLDERS' EQUITY TOTAL ...
  • 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 ... (Dividend rate : 10% of per value) Retirment of treasury stock Net income Total ... ₩ 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 Adjustments to ... 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 ï¬,ows ...
  • 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
    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 ... Payment of dividends Acquisition of treasury stock Proceeds from the exercise of stock options Others Net ... 210,062 For the years ended December 31, 2003 and 2002 2002 In millions of Korean ...
  • 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
    ...and makes decisions on issues delegated to them by the BOD and reports their voting results ...Hee Lee • Chairman & CEO, Samsung Electronics [1998-present] • Member, International Olympic Committee... VP, Memory Division, Samsung Electronics [1992-1993] • Managing director, Giheung Plant...
  • Page 67
    ...1995-2001] • Senior Investment Manager and Head of International Marketing, • Credit Suisse [1991-..., Korea Exchange Bank [1997-1999] Gwi-Ho Chung • Outside Director[2003... • Outside director, Samsung Electronics [2000-present] • Executive Director, Korea Financial Planner...
  • Page 68
    68 GLOBAL NETWORK HEAD OFFICE Samsung Main Building 250-2 ga, Taepyong-ro, Jung-gu Seoul, Korea Tel:...Cheonan Plant OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC) ...China Tel: 86-22-2628-0629 Shandong Samsung Telecommunications Co., Ltd. (SST) Weihai, ...
  • Page 69
    ...Tel: 886-2-2758-9588 Samsung Electronics ASIA Production Bases P.T. Samsung Electronics Indonesia (SEIN) Cikarang,...) New Delhi, India Tel: 91-1191-568251 Samsung Electronics Philippine Manufacturing Corporation (SEPHIL...: 63-49-545-9153 Shanghai Samsung Mobile Communications Co.,Ltd. (SSM) Shanghai, ...
  • Page 70
    ... Russia Co.,Ltd. (SER) Moscow, Russia Tel: 7-095-797-2344 Samsung...-15-219-6100 EUROPE Production Bases Samsung Electronics Hungarian Co., Ltd... Tel: 31-15-219-6100 Samsung Electronica Iberia, S.A. (SESA) Barcelona, Spain...-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


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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
    ... 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% ... largest maker of mobile handsets, in terms of revenue market share. Ranked second in Euromoney's corporate ...
  • 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 growth, return on equity, total return and... Most Admired Electronics Companies. 24% Average annual growth over last four years in sales of ...
  • 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
    ... around the globe, from emerging markets in China, Hong Kong and India to the leading consumer ...¬t and market leadership. Delivering on the promise to improve shareholder value, Samsung Electronics paid... - for the fiscal year 2003, the same as the previous year, and retired company stock worth...
  • 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
    ... business environment, Samsung Electronics posted a second record-breaking year in a row in 2003. Exceptional fi.... Results were driven by sales of premium products. These include high-value mobile handsets, ... cameras and MP3 players, and LCDs for notebook PCs, desktop monitors and televisions.
  • Samsung 2003 Annual Report - Page 13
    ...We can point to many reasons why Samsung Electronics continues to sustain superior performance....than sales growth. We drive competitiveness through bringing premium products to global markets....future to world-class companies. In the business world of tomorrow, only world leaders will be able to secure...
  • Samsung 2003 Annual Report - Page 14
    ...at every level of customer contact, we continue to build the brand and drive sales. 4. Cost ...We 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
    15 Won / US Dollar as of December 31, 2003: 1,197/1 >> Samsung Electronics maintained a sizeable cash ... state-of-the-art chip production line and an upgrade in technology to build larger LCD ... for the future and to accelerate innovation in products, technology, marketing, cost, global operations and ...
  • 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
    ... 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 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
    ... 2003, focused on marketing core premium products such as digital TVs. Notably, Samsung Electronics maintained... best in terms of quality and style. In 2003, Samsung Electronics introduced a 70-inch PDP ...largest. Rapid growth in the large- X10Æ'¢Notebook PC The world's thinnest and lightest two-...
  • Samsung 2003 Annual Report - Page 29
    29 SCD5000Æ'¢DuoCam The latest in Samsung Electronics' line of digital convergence products, the SCD5000 ..., and a premium color laser printer with superior capabilities. We also introduced a number of world's ..., including our recently opened Digital TV Research Center in India. We continue to ...
  • Samsung 2003 Annual Report - Page 30
    ... sales revenue of mobile phones, Samsung Electronics has risen to number two in the world. to build up... our future, differentiation, innovation and a focus on premium products will drive growth. The best in advanced ... market share in CDMA handsets, to expand high value-added areas such as GSM based ...
  • Samsung 2003 Annual Report - Page 31
    ... Asia. The best in home appliances DIGITAL APPLIANCE BUSINESS Effortless, industrious and connected - that's the Samsung Electronics home. The ... concentrating on creating innovative products that link the home to the digital future. CE1150Æ'¢Microwave Steam Oven This easy to use combination ...
  • Samsung 2003 Annual Report - Page 32
    ...world. The division is putting more focus on high-end, innovative products such as side-by-side ... and drum washing machines. We are redoubling efforts to position Samsung Electronics as a leader ... of advanced built-in refrigerators and microwave ovens at the world's largest home appliance exhibition,...
  • Samsung 2003 Annual Report - Page 33
    ... Web access and TV viewing into a major kitchen appliance, demonstrating a Samsung ... demand for PCs, mobile phones and digital consumer electronics. Samsung Electronics overwhelmed ... and profitability with its strategic focus on being first-to-market with innovative value-added products. In the memory...
  • Samsung 2003 Annual Report - Page 34
    ...innovative technologies and products. 130 CIS Camera phone quality can dramatically improve, rivaling that ...its targets in 2003 and marked another record year in sales with strong demand for notebook PCs, LCD...are also making bold moves to push the technology forward. Samsung Electronics and Sony have
  • Samsung 2003 Annual Report - Page 35
    ... First, we will expand the market power of four key products: high value added notebook PCs, large scale... the business. Sales more than doubled, for another record year for the LCD Business. We are focused on cost .... 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,...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
    ...international mobile telecommunications standards into new technologies. Our innovations keep pushing forward... images and the ability to buy services and products through m-commerce. Soon, handsets... 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
    ... into the digital home with VOD and HDTV. We are commercializing video services for cyber-education ... a steady stream of breakthrough and world class products that enhance the quality of 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
    ... communications, and Samsung Electronics continues to release a steady stream of innovative, premium products..., including number one with the P400. In China, Samsung Anycall is known as the best phone to give... products cover a broad range, including refrigerators, printers, mobile phones, notebook PCs...
  • 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
    ... and our annual Global Volunteer Service Festival, we contributed to hundreds of community ...we support children's educational programs around the world. In 2003, this involved over twenty countries... the gap of the digital divide. In 2003, through the Fund, Samsung Electronics provided a total of $ 600...
  • Samsung 2003 Annual Report - Page 46
    ... events, the annual Crufts Dog Show in England, and the World Hockey Championship (FIH).... the world, from Vietnam to Indonesia to Iran to Hungary and the Czech Republic. Samsung Electronics sponsors ..." format, the WCG 2004 Grand Final will be the first to be held outside of Korea, in San Francisco...
  • Samsung 2003 Annual Report - Page 47
    ... was recognized by several awards, including the 2003 Korea Green Management Grand Prize given ...VCR garnered the Green Marketing Grand Prize in the sector of large-sized corporations at a ceremony hosted ... knowledge throughout our company. Samsung Electronics employees have taken the lead with "Adopt...
  • 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
    ... and the Affiliates. As of the date of this report, the shares in Samsung Life Insurance Co., Ltd.... on January 15, 2004, with the Board of Directors' approval on October 17, 2003. the reader, have ... principles and practices generally accepted in countries and jurisdictions other than the Republic...
  • 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 ...,209 ₩ 9,788,906 ₩ 1,657,337 December 31, 2003 and 2002 2002 In millions of Korean won 2003 2002 In thousands of U.S.dollars $ 1,554,871 873,192 2,244,777 1,805,687 738,...
  • Samsung 2003 Annual Report - Page 54
    54 Non-Consolidated Balance Sheets 2003 LIABILITIES AND SHAREHOLDERS' EQUITY Commitments and ... Common stock Preferred stock Capital surplus: Paid-in capital in excess of par value Other capital surplus ...,761 million in 2002) Capital adjustments: Treasury stock Others TOTAL SHAREHOLDERS' EQUITY TOTAL ...
  • 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 ... (Dividend rate : 10% of per value) Retirment of treasury stock Net income Total ... ₩ 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 Adjustments to ... 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 ï¬,ows ...
  • 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
    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 ... Payment of dividends Acquisition of treasury stock Proceeds from the exercise of stock options Others Net ... 210,062 For the years ended December 31, 2003 and 2002 2002 In millions of Korean ...
  • 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
    ...and makes decisions on issues delegated to them by the BOD and reports their voting results ...Hee Lee • Chairman & CEO, Samsung Electronics [1998-present] • Member, International Olympic Committee... VP, Memory Division, Samsung Electronics [1992-1993] • Managing director, Giheung Plant...
  • Samsung 2003 Annual Report - Page 67
    ...1995-2001] • Senior Investment Manager and Head of International Marketing, • Credit Suisse [1991-..., Korea Exchange Bank [1997-1999] Gwi-Ho Chung • Outside Director[2003... • Outside director, Samsung Electronics [2000-present] • Executive Director, Korea Financial Planner...
  • Samsung 2003 Annual Report - Page 68
    68 GLOBAL NETWORK HEAD OFFICE Samsung Main Building 250-2 ga, Taepyong-ro, Jung-gu Seoul, Korea Tel:...Cheonan Plant OVERSEAS NETWORK CHINA Production Bases Tianjin Samsung Electronics Co., Ltd. (TSEC) ...China Tel: 86-22-2628-0629 Shandong Samsung Telecommunications Co., Ltd. (SST) Weihai, ...
  • Samsung 2003 Annual Report - Page 69
    ...Tel: 886-2-2758-9588 Samsung Electronics ASIA Production Bases P.T. Samsung Electronics Indonesia (SEIN) Cikarang,...) New Delhi, India Tel: 91-1191-568251 Samsung Electronics Philippine Manufacturing Corporation (SEPHIL...: 63-49-545-9153 Shanghai Samsung Mobile Communications Co.,Ltd. (SSM) Shanghai, ...
  • Samsung 2003 Annual Report - Page 70
    ... Russia Co.,Ltd. (SER) Moscow, Russia Tel: 7-095-797-2344 Samsung...-15-219-6100 EUROPE Production Bases Samsung Electronics Hungarian Co., Ltd... Tel: 31-15-219-6100 Samsung Electronica Iberia, S.A. (SESA) Barcelona, Spain...-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