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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
continued
Deferred income tax assets and liabilities from tax effect of temporary differences including available tax credit carryforwards and
undisposed accumulated deficit as of December 31, 2006, were as follows:
Temporary Differences Deferred Income Tax Asset (Liabilities)
Beginning Increase Ending Beginning Increase Ending Non-
Balance (Decrease) Balance Balance (Decrease) Balance Current Current
(In millions of Korean won)
Deferred tax arising from temporary differences
Special reserves
appropriated for
tax purposes
￦
(2,054,259)
￦
11,409
￦
(2,042,850)
￦
(564,094)
￦
2,310
￦
(561,784)
￦
(160,417)
￦
(401,367)
Equity-method
investments and
others (1,280,543) (1,346,947) (2,627,490) (287,144) (108,779) (395,923) - (395,923)
Depreciation (618,076) (247,741) (865,817) (184,221) (71,807) (256,028) (5,681) (250,347)
Capitalized interest
expense (139,753) 12,967 (126,786) (38,432) 3,566 (34,866) - (34,866)
Accrued income (449,617) 226,203 (223,414) (123,627) 62,470 (61,157) (60,735) (422)
Accrued expenses 2,204,061 152,536 2,356,597 603,695 49,854 653,549 548,076 105,473
Deferred foreign
exchange gains 26,628 (2,516) 24,112 7,221 (715) 6,506 (462) 6,968
Impairment losses
on investments 631,212 (99,146) 532,066 174,830 (25,341) 149,489 229 149,260
Others 765,310 283,913 1,049,223 153,779 100,269 254,048 134,872 119,176
￦
(915,037)
￦
(1,009,322)
￦
(1,924,359)
￦
(257,993)
￦
11,827 (246,166) 455,882 (702,048)
Deferred tax assets arising from the carryforwards
Undisposed
accumulated
deficit
￦
3,773,184
￦
(419,949)
￦
3,353,235
￦
334,513
￦
(88,453) 246,060 28,411 217,649
Tax credit
carryforwards
￦
1,236,484
￦
105,457
￦
1,341,941
￦
909,804
￦
78,318 988,122 980,149 7,973
Deferred tax relating to items charged to equity
￦
(757,513)
￦
(526,434)
￦
(1,283,947)
￦
(210,876)
￦
(144,241) (355,117) (2,308) (352,809)
￦
632,899
￦
1,462,134
￦
(829,235)
The Company periodically assesses its ability to recover deferred income tax assets. In the event of a significant uncertainty regarding the Company’s
ultimate ability to recover such assets, a valuation allowance is recorded to reduce the assets to its estimated realizable value.