Samsung 2004 Annual Report Download - page 57

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As discussed in Note 26 to the accompanying non-consolidated financial statements, the
Company had sales to, and purchases from, subsidiaries and affiliated companies within
the Samsung Group amounting to ￦2,379,191 million and US$37,983,923 thousand,
and ￦11,052,972 million and US$9,135,020 thousand, respectively, during the year
ended December 31, 2004, and the related accounts receivable and accounts payable as
of December 31, 2004 amounted to ￦940,170 million and US$382,382 thousand, and
￦1,847,781 million and US$607,950 thousand, respectively.
The amounts expressed in U.S. dollars, provided solely for the convenience of the reader,
have been translated on the basis set forth in Note 3 to the accompanying non-consoli-
dated financial statements.
Accounting principles and auditing standards and their application in practice vary among
countries. The accompanying non-consolidated financial statements are not intended to
present the financial position, results of operations and cash flows in conformity with
accounting principles and practices generally accepted in countries and jurisdictions other
than the Republic of Korea. In addition, the procedures and practices used in the Republic
of Korea to audit such financial statements may differ from those generally accepted and
applied in other countries. Accordingly, this report and the accompanying non-consolidated
financial statements are for use by those who are knowledgeable about Korean accounting
principles or auditing standards and their application in practice.
Seoul, Korea
January 28, 2005
This report is effective as of January 28, 2005, the audit report date. Certain subsequent events or
circumstances, which may occur between the audit report date and the time of reading this report,
could have a material impact on the accompanying non-consolidated financial statements and notes
thereto. Accordingly, the readers of the audit report should understand that there is a possibility that
the above audit report may have to be revised to reflect the impact of such subsequent events or
circumstances, if any.
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