Samsung 2006 Annual Report Download - page 109

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99
Note 14 : Short-Term Borrowings
Short-term borrowings as of December 31, 2006 and 2005, consist of the following:
2006 2005
Long-term financial instruments \926 \9,311
Long-term trade receivables, net 16,434 15,165
Long-term loans receivable, net 288,237 185,201
Long-term guarantee deposits 790,034 780,467
Long-term prepaid expenses 472,275 494,421
Others 58,532 15,152
\1,626,438 \1,499,717
Annual interest rates (%)
as of December 31, 2006 2006 2005
Overdraft - \16 \ -
General term loans from commercial banks 5.1 - 5.7 1,290,464 1,786,157
Notes discounted 4.7 - 4.9 320,000 853,215
Usance financing, including document
against acceptance loans incurred from
intercompany transactions
1.5 - 5.7 3,814,409 3,635,070
Short-term borrowings of overseas subsidiaries 0.0 - 5.7 1,935,889 1,533,423
\7,360,778 \7,807,865
Note 13 : Long-Term Deposits and Other Assets
Long-term deposits and other assets as of December 31, 2006 and 2005, consist of the following:
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 \1,557,976 million (2005: \2,263,921 million)
and current maturities of long-term debts of \2,722,010 million (2005: \3,672,014 million) as of
December 31, 2006.
(In millions of Korean won)
(In millions of Korean won)