Samsung 2005 Annual Report Download - page 128

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126
Significant transactions with related parties, which are not
subsidiaries or equity-method investees, for the years ended
December 31, 2005 and 2004, and the related receivables
and payables as of December 31, 2005 and 2004, are as follows:
Furthermore, as of December 31, 2005, the balances of
beneficiary certificates from Samsung Securities Co., Ltd.
amounted to \904,314 million (2004: \1,312,462 million)
(note 5). Also, the Company has entered into a severance
insurance plan with Samsung Life Insurance Co., Ltd., and
fire and other insurance policies with Samsung Fire & Marine
Insurance Co., Ltd (notes 7, 11 and 17).
As of December 31, 2005 and 2004, Samsung Card Co.,
Ltd., a domestic subsidiary, has general term loans amounting
to \320,000 million from Samsung Life Insurance Co., Ltd.
(note 15).
(in millions of Korean won) Sales Purchases Receivables Payables
Company 2005 2004 2005 2004 2005 2004 2005 2004
Samsung Corporation \42,164 \56,099 \1,647,112 \1,970,528 \37,791 \27,521 \402,303 \437,365
iMarketKorea Inc. 46,598 39,652 276,742 236,234 14,891 15,930 93,086 70,337
Samsung Life
Insurance Co., Ltd. 43,101 32,301 12,731 10,690 21,203 19,440 462 1,930
Cheil Communications Inc. 2,385 906 294,581 267,241 122 1,418 200,476 160,269
Samsung Everland Co., Ltd. 1,079 16,791 214,886 220,710 212,021 187,357 35,754 26,722
Samsung Heavy
Industries Co., Ltd. 6,920 5,912 145,553 138,889 6,950 8,183 32,873 18,951
Others 27,097 20,026 430,209 476,501 7,829 5,825 93,593 53,395
\169,344 \171,687 \ 3,021,814 \3,320,793 \300,807 \265,674 \858,547 \768,969
(in millions of Korean won) 2005 2004
Research expenses \2,179,981 \1,838,251
Ordinary development
expenses 3,319,966 3,064,447
\5,499,947 \ 4,902,698
Note 29: Research and Development Costs
Research and development costs incurred and expensed for
the years ended December 31, 2005 and 2004, consist of the
following: