Samsung 2007 Annual Report Download - page 105
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103
The amortization expense of intangible assets for the years ended December 31, 2007 and 2006, is distributed among the
following accounts:
(In millions of Korean won)
Account 2007 2006
Production costs
￦
30,327
￦
25,332
Selling and administrative expenses 89,774 81,058
Research and development expenses 76,173 69,888
￦
196,274
￦
176,278
13. SHORT-TERM BORROWINGS
Short-term borrowings as of December 31, 2007 and 2006, consist of the following:
Certain bank deposits and property, plant and equipment are pledged as collaterals for the above borrowings. As of December 31,
2007 and 2006, overdraft facilities of SEC and subsidiaries amount to ￦1,189,000 million and ￦688,500 million. In addition, SEC
guarantees repayment f substantially all short-term borrowings of overseas subsidiaries (Note 18).
In addition, the above short-term borrowings include those of Samsung Card Co., Ltd., the consumer financing subsidiary, amounting
to ￦2,127,160 million (2006: ￦1,557,976 million) and current maturities of long-term debts of ￦1,933,885 million (2006: ￦2,722,010
million) as of December 31, 2007.
(In millions of Korean won)
Annual Interest Rates (%)
as of December 31, 2007 2007 2006
Overdraft -
-
￦
16
General term loans from commercial banks 5.6 ~ 7.2 1,616,000 1,290,464
Notes discounted 5.5 ~ 6.9 567,160 320,000
Usance financing, including document
against acceptance loans incurred from LIBOR +0.5 4,391,387 3,814,409
intercompany transactions
Short-term borrowings of overseas subsidiaries 0.0 ~ 7.1 1,878,552 1,935,889
￦
8,453,099
￦
7,360,778