Samsung 2005 Annual Report Download - page 103

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101
3) Government and public bonds and others
As of December 31, 2005, the difference between acquisition
cost and fair value of government and public bonds and
others amounting to a loss of \284 million (2004: gain of
\227 million), except for deferred income tax charged directly
to other shareholders’ equity amounting to a gain of \114
million (2004: loss of \204 million), was recorded in a separate
component of shareholders’ equity as other capital adjustments.
In relation to government and public bonds and others, an
impairment loss of \11,838 million was recorded as non-
operating expense for the year ended December 31, 2004.
(in millions of Korean won) 2005 2004
Face Value Recorded
Book Value
Face Value Recorded
Book Value
Government and public bonds \ 520 \ 520 \ 706 \706
ABS subordinated securities \1,071,097 \221,318 \1,351,227 \966,613
\1,071,617 \221,838 \1,351,933 \967,319
(2) Long-Term Held-To-Maturity Securities
Long-term held-to-maturity securities as of December 31, 2005 and 2004, consist of the following:
As of December 31, 2005, the subsidiaries determined
that the decline in the value of certain ABS subordinated
securities would not be recoverable, and charged the related
impairment losses of \90,557 million (2004: \109,267
million), to current operations as non-operating expenses for
the year ended December 31, 2005.
(in millions of Korean won) Recorded book value
Maturity Government and
public bonds
ABS subordinated
securities
Total
From one year to five years \ 459 \ 221,318 \221,777
More than five years to ten years \61 - \61
\520 \221,318 \221,838
The maturities of long-term held-to-maturity securities as of December 31, 2005, consist of the following: