Samsung 2007 Annual Report Download - page 93

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91
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
7. INVENTORIES
Inventories, net of valuation losses, as of December 31, 2007 and 2006, consist of the following:
Inventories are insured against fire and other casualty losses for up to ￦6,258,083 million as of December 31, 2007 (2006: ￦5,572,203
million).
As of December 31, 2007, losses on valuation of inventories, amounted to ￦258,787 million (2006: ￦183,964 million).
2007 2006
Finished goods and merchandise
￦
2,340,066
￦
2,181,047
Semi-finished goods and work-in-process 1,695,511 1,594,414
Raw materials and supplies 2,309,980 1,963,723
Materials-in-transit 1,623,246 1,014,261
￦
7,968,803
￦
6,753,445
(In millions of Korean won)
8. FINANCING RECEIVABLES
Financing receivables of the consumer financing subsidiary, Samsung Card Co., Ltd., as of December 31, 2007 and 2006, are as
follows:
Accounts 2007 2006
Short-term financing receivables
Credit card assets
￦
4,311,592
￦
3,323,235
Lease assets 141,228 107,293
Installment finance 358,870 448,653
General loans 698,043 615,031
Call loans and others 507,215 595,000
6,016,948 5,089,212
Less: Allowance for doubtful accounts (441,942) (502,240)
5,575,006 4,586,972
(In millions of Korean won)
Long-term financing receivables
Credit card assets 2,069,388 2,425,802
Lease assets 801,395 624,094
Installment finance 406,619 352,049
General loans 547,318 606,330
Trust assets and others 221,087 247,291
4,045,807 4,255,566
Less: Allowance for doubtful accounts (245,852) (449,031)
3,799,955 3,806,535
￦
9,374,961
￦
8,393,507