Samsung 2006 Annual Report Download - page 101
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91
(2) Long-Term Held-To-Maturity Securities
Long-term held-to-maturity securities as of December 31, 2006 and 2005, consist of the following:
The maturities of long-term held-to-maturity securities as of December 31, 2006, consist of the following:
2006 2005
Face Value Recorded
Book Value Face Value Recorded
Book Value
Government and public bonds \294 \294 \520 \520
ABS subordinated securities 621,281 197,386 696,488 221,318
\621,575 \197,680 \697,008 \221,838
Recorded book value
Maturity Government and
public bonds
ABS subordinated
securities Total
From one year to five years \281 \137,663 \137,944
More than five years to ten years 13 59,723 59,736
\294 \197,386 \197,680
As of December 31, 2006, unrealized holding profits(losses) on
non-listed equities amount to \18,935 million, except for deferred
income tax charged directly to shareholders’ equity and minority
interests amounting to \32,303 million, which were recorded in
a separate component of shareholder’s equity in other capital
adjustments.
Losses on impairment of cost-method investments resulting from
the decline in realizable value below the acquisition cost amounted
to \1,150 million for the year ended December 31, 2006 (2005:
\68,272 million). In addition, reversal of impairment losses of
cost-method investments resulting from the recovery of realizable
value amounted to \40,936 million for the year ended December
31, 2006.
As of December 31, 2006, the Company’s investments in Pusan
Newport Co., Ltd. are pledged as collateral against the investee’s
debt.
3) Government and public bonds and others
As of December 31, 2006, the difference between acquisition
cost and fair value of government and public bonds and others
amounting to a loss of \935 million (2005: loss of \284
million), except for deferred income tax charged directly to other
shareholders’ equity amounting to a gain of \342 million (2005:
gain of \114 million), was recorded in a separate component of
shareholders’ equity in other capital adjustments.
As of December 31, 2006, 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 (accumulative amount: \475,170 million), to
current operations as non-operating expenses for the year ended
December 31, 2006.
In addition, the subdiaries determined that the increase in the
value of certain ABS subordinated securities would be recoverable
and charged the related reversal of impairment losses of \51,275
million for the year ended December 31, 2006.
(In millions of Korean won)
(In millions of Korean won)