Samsung 2006 Annual Report Download - page 97

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87
Note 7 : Inventories
Inventories, net of valuation losses, as of December 31, 2006 and 2005, consist of
the following:
Inventories are insured against fire and other casualty losses for up to \5,572,203 million
as of December 31, 2006 (2005: \4,458,490 million).
As of December 31, 2006, losses on valuation of inventories, amounted to \183,964
million (2005: \142,738 million).
Note 8 : Financing Receivables
Financing receivables of the consumer financing subsidiary, Samsung Card Co., Ltd., as
of December 31, 2006 and 2005, are as follows:
2006 2005
Finished goods and merchandise \2,181,047 \1,984,512
Semi-finished goods and work-in-process 1,594,414 1,272,997
Raw materials and supplies 1,963,723 1,764,964
Materials-in-transit 1,014,261 842,416
\6,753,445 \5,864,889
Accounts 2006 2005
Short-term financing receivables
Credit card assets \3,323,235 \4,362,375
Lease assets 107,293 98,131
Installment finance 448,653 827,507
General loans 1,210,031 1,104,146
5,089,212 6,392,159
Less: Allowance for doubtful accounts (502,240) (728,812)
4,586,972 5,663,347
Long-term financing receivables
Credit card assets 2,425,802 2,227,841
Lease assets 624,094 526,910
Installment finance 352,049 757,109
General loans 606,330 1,049,144
Trust assets and others 247,291 90,587
4,255,566 4,651,591
Less : Allowance for doubtful accounts (449,031) (898,121)
3,086,535 3,753,470
\8,393,507 \9,416,817
(In millions of Korean won)
(In millions of Korean won)