Samsung 2005 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2005 Samsung annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

95
Note 5: Short-Term Available-For-Sale Securities and
Short-Term Held-To-Maturity Securities
Short-term available-for-sale securities as of December 31,
2005 and 2004, consist of the following:
1 ClassⅡ beneficiary certificates accounted for as short-term available-for-
sale securities as of December 31, 2004, have been reclassified as short-
term financing receivables (note 8).
2 Interest income amounting to \
3,551 million (2004: \
2,787 million) and
calculated based on documentation sent by the financial institutions is
included in financial institution bonds.
3 The Company holds 3,190,000 shares of SK Corp. which represents a
percentage of ownership of 2.45%.
4 Beneficiary certificates as of December 31, 2005 and 2004, consist of the
following:
As of December 31, 2005, unrealized holding losses on short-
term available-for-sale securities amounting to \19,961 million
(2004: \6,099 million) are recorded in a separate component
of shareholders’ equity as other capital adjustments. As of
December 31, 2005, deferred income tax charged directly to
shareholders’ equity amounts to \7,571 million.
Short-term held-to-maturity securities as of December 31,
2005 and 2004, consist of the following:
Note 6: Accounts and Notes Receivable
Accounts and notes receivable, and their allowance for doubtful
accounts as of December 31, 2005 and 2004, are as follows:
(in millions of Korean won) 2005 20041
Financial institution bonds 2\585,225 \592,485
Fair-value investments 3166,199 181,511
Beneficiary certificates 41,114,543 1,463,199
ABS senior securities - 510
ABS subordinated securities 13,680 186,745
Others 51,155 52,170
\1,930,802 \2,476,620
(in millions of Korean won) 2005 2004
Call loan \26,170 \6,776
Time deposit - 40,667
Certificate of deposit 179,851 298,996
Bonds 913,842 1,100,638
(in millions of Korean won) 2005 2004
Government and
public bonds \178 \152
Financial institution
bonds - 29,593
Subordinated securities 898 53,294
\1,076 \83,039
(in millions of Korean won) 2005 2004
Trade accounts and
notes receivable \ 7,451,467 \6,812,457
Less: Allowance for doubtful
accounts (54,114) (38,065)
\7,397,353 \6,774,392
Other accounts and
notes receivable \1,118,869 \1,171,451
Less: Allowance for doubtful
accounts (16,222) (28,027)
Discounts on
present value (27) -
\1,102,620 \1,143,424