Samsung 2006 Annual Report Download - page 128

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118
(F) Significant transactions between subsidiaries and related parties, which are not subsidiaries or equity-method investees, for the years
ended December 31, 2006 and 2005, and the related receivables and payables as of December 31, 2006 and 2005, are as follows:
Selling Company Purchasing Company
Sales Receivables
2006 2005 2006 2005
SJC Samsung Heavy Industries
Co., Ltd. \377,517 \498,965 \24,018 \17,873
Samsung Corporation SAPL 308,782 22,713 14,605 7,628
Samsung Corporation SJC 213,642 294,281 5,349 8,690
SJC Samsung Corporation 171,900 288,124 41,801 39,488
SAPL Samsung Corporation 150,977 185,261 10,601 10,642
Samsung SDI Hungary Rt. SEH 116,438 109,042 5,102 8,139
SAPL Cheil Industries Inc. 81,120 58,905 - 3,760
Samsung SDI America, Inc. SLCD 76,856 11,622 128 366
Samsung SDI America, Inc. SII 68,583 57,164 1,941 4,171
SAPL Samsung Heavy Industries
Co., Ltd. 67,134 8,283 3,968 618
Others 1,478,899 1,480,259 232,802 264,942
\3,111,848 \3,014,619 \340,315 \366,317
Further, as of December 31, 2006, the balances of beneficiary
certificates from Samsung Securities Co., Ltd. amounted to
\1,156,158 million (2005: \904,314 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). In addition, Samsung Card Co., Ltd. a domestic subsidiary,
joined defined benefit pension plan to Samsung Life Insurance
Co., Ltd.
As of December 31, 2005, Samsung Card Co., Ltd., a domestic
subsidiary, has general term loans amounting to \320,000 million
from Samsung Life Insurance Co., Ltd. (Note 15).
For the year ended December 31, 2006, SEC recognized
expenses for short-term benefits of \26,017 million, long-term
benefits of \15,379 million and severance benefits of \7,118
million as key management compensation. Key management
consists of registered executive officers who have the authority
and responsibility in the planning, directing and controlling of
Company operations.
(In millions of Korean won)