Samsung 2006 Annual Report Download - page 98
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88
Collection schedule of installment finance and general loans as of
December 31, 2006, are as follows:
Finance lease of financing receivables, as of December 31, 2006,
are as follows:
The minimum lease receipts relating to operating lease agreement
as of December 31, 2006 and 2005, are as follows:
As of December 31, 2006 and 2005, property on operating lease
is classified as follows:
Year Installment finance General loans
2007 \448,653 \1,210,031
2008 192,833 274,414
2009 129,966 203,343
2010 20,025 96,332
2011 8,805 28,516
Thereafter 420 3,725
\800,702 \1,816,361
Minimum
lease
payment
Present
values
Within one year \34,705 \31,147
From one year to five years 213,948 168,167
More than five years 1,560 1,148
Unguaranteed residual value 29,279 25,606
279,492 \226,068
Present value adjustment (53,424)
Financing lease receivables \226,068
2006 2005
Automobiles \688,021 \571,810
Electronic system 14,390 14,226
702,411 586,036
Less: Accumulated depreciation 204,652 158,234
Accumulated impairment
losses 854 -
Operating lease assets \496,905 \427,802
(In millions of Korean won)
The outstanding balance of financing receivables sold to financial
institutions as of December 31, 2006 and 2005,
are as follows (Note 19):
Furthermore, from 2003 to 2005, Samsung Card Co., Ltd.
transferred credit card receivables and financial assets to
SangRokSoo 1st Securitization Specialty Co., Ltd., Badbank
Harmony Co., Ltd. and Badbank Heemangmoah Securitization
Specialty Co., Ltd. in accordance with the “personal credit
rehabilitation” program in exchange for cash, preferred stock and
subordinated bonds. The preferred stock is recorded as available-
for-sale securities and the subordinated bonds are recorded as
held-to-maturity securities.
Note 9 : Long-Term Available-For-Sale Securities and
Long-Term Held-To-Maturity Securities
(1) Long-Term Available-For-Sale Securities
Long-term available-for-sale securities as of December 31, 2006
and 2005, consist of the following:
2006 2005
Asset-backed securities
with limited recourse \4,002,923 \4,017,978
Financing receivables
with recourse - 17,395
\4,002,923 \4,035,373
2006 2005
Detail Acquisition
Cost
Recorded
Book Value
Recorded
Book Value
Listed equities ¹(1) \601,961 \1,810,756 \1,581,740
Non-listed
equities ¹(2) 615,839 729,190 645,150
Government
and public bonds
and others
(3) 18,178 16,903 5,543
Funds 168 155 168
\1,236,146 \2,557,004 \2,232,601
(In millions of Korean won)
2006 2005
Within one year \192,193 \166,600
From one year to five years 163,158 164,027
\355,351 \330,627
(In millions of Korean won)
(In millions of Korean won)
(In millions of Korean won)
(In millions of Korean won)
¹ Excludes equity-method investees.