Samsung 2005 Annual Report Download - page 110

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108
Note 12: Intangible Assets
The changes in intangible assets for the years ended December 31, 2005 and 2004, are as follows:
As of December 31, 2005, certain portion of domestic
and overseas subsidiaries’ property, plant and equipment,
up to a maximum of \
19,645 million, and \
5,620 million
(equivalent to US$ 5,547 thousand), respectively, is pledged
as collaterals for various loans from financial institutions.
As of December 31, 2005, property, plant, equipment are
insured against fire and other casualty losses, and business
interruption losses of up to \
55,261,920 million and
\
21,298,026 million, respectively.
As of December 31, 2005, the value of land owned by SEC
and its Korean subsidiaries based on the posted price issued
by the Korean tax authority amounted to \
2,743,672 million
(2004: \
2,051,313 million).
As of December 31, 2005, Samsung Card Co., Ltd., an SEC
subsidiary, has recorded \
432,958 million (2004: \
297,538
million) of operating lease assets and prepaid finance lease
assets acquired through the lease financing business (notes 8
and 19).
1 Acquisitions include amounts transferred from other accounts such as construction-in-progress.
2 Others include amounts from changes in consolidation category, merger and changes in foreign currency exchange rates.
(in millions of Korean won) 2004
Goodwill Negative
Goodwill
Intellectual
property rights
Others Total
Balance
at January 1, 2004 \7,969 \(1,842) \213,920 \245,281 \465,328
Acquisition 11,821 - 53,748 145,823 201,392
Disposal - - (352) (3,149) (3,501)
Amortization (3,941) 621 (47,516) (65,353) (116,189)
Others 2 4,950 - 286 (7,744) (2,508)
Balance
at December 31, 2004 \10,799 \(1,221) \220,086 \314,858 \544,522
(in millions of Korean won) 2005
Goodwill Negative
Goodwill
Intellectual
property rights
Others Total
Balance
at January 1, 2005 \10,799 \(1,221) \220,086 \314,858 \544,522
Acquisition 14,518 - 73,702 166,050 244,270
Disposal (1,063) - (810) (1,430) (3,303)
Amortization (4,623) 622 (52,168) (97,828) (153,997)
Others 2208 - (56) 1,212 1,364
Balance
at December 31, 2005 \9,839 \(599) \240,754 \382,862 \632,856