Samsung 2005 Annual Report Download - page 112

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110
Certain bank deposits, inventories, and property, plant and
equipment are pledged as collaterals for the above borrowings
(notes 4, 7 and 11). In addition, SEC guarantees repayment of
substantially all short-term borrowings of overseas subsidiaries
(note 19).
In addition, the above short-term borrowings include those of
Samsung Card Co., Ltd., the consumer financing subsidiary,
amounting to \2,263,921 million (2004: \2,568,439 million)
and current maturities of long-term debts of \3,672,014 mil-
lion (2004: \4,870,356 million) as of December 31, 2005.
(in millions of Korean won) Reference 2005 2004
Korean won loans (A) \542,216 \337,186
Foreign currency loans, in Korean won equivalents (B) 631,344 511,099
Debentures (C) 7,304,732 9,554,196
8,478,292 10,402,481
Less: Current maturities (3,786,791) (4,957,052)
\ 4,691,501 \5,445,429
Note 15: Long-Term Debt
Long-term debts as of December 31, 2005 and 2004, consist of the following:
As of December 31, 2005, certain bank deposits, and property,
plant and equipment are pledged as collaterals for the above
long-term debts (notes 4 and 11). In addition, repayment of
certain long-term debts is guaranteed by various Korean
financial institutions and/or certain affiliated companies (note 19).
Included in the long-term debts are the borrowings of
Samsung Card Co., Ltd. in an aggregate amount of
\4,386,262 million (2004: \5,114,799 million) as of
December 31, 2005.
(in millions of Korean won) Annual interest rates (%)
as of December 31, 2005
2005 2004
Korea Energy Management Corporation 2.8 - 4.5 \921 \3,714
Samsung Life Insurance Co., Ltd. 6.9 320,000 320,000
Samsung Shinhan 4th Special Purpose Company - 215,346 -
Hana Bank Others 2.5 - 4.9 5,949 13,472
\542,216 \337,186
(A) Local currency loans as of December 31, 2005 and 2004, consist of the following: