Samsung 2008 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2008 Samsung annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106


1. THE COMPANY
Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea to manufacture and sell semiconductors,
LCDs, telecommunication products, digital media products.
As of December 31, 2008, SEC’s shares are listed on the Korea Stock Exchange, and its global depository receipts are listed on the London
and Luxembourg Stock Exchange.
CONSOLIDATED SUBSIDIARIES
The consolidated financial statements include the accounts of SEC and its controlled subsidiaries (collectively referred to as “the
Company”). Controlled subsidiaries generally include majority-owned entities and entities in which SEC owns more than 30% of the total
outstanding voting stock and is the largest shareholder. Percentage of ownership is the sum of the percentage of direct and indirect owner-
ship. The consolidated financial statements include the accounts of the consumer financing subsidiary, Samsung Card in accordance with
the Statement of Korean Financial Accounting Standards (“SKFAS”) No.25, Consolidated Financial Statements.
The following table sets forth certain information with regard to consolidated subsidiaries as of December 31, 2008.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2008 AND 2007
(In millions of Korean won)
Percentage of
Subsidiaries Primary Business Capital Ownership (%) Location
Samsung Gwangju Electronics Home appliances
￦
725,941 94.25 Korea
manufacturing
Samsung Card Consumer financing 3,769,034 35.29 Korea
STECO Semiconductor equipment 64,164 51.00 Korea
manufacturing
SEMES Semiconductor equipment 107,858 63.87 Korea
manufacturing
Secron Semiconductor equipment 38,613 50.63 Korea
manufacturing
Samsung Electronics Service Service center for electronic goods 58,964 83.33 Korea
Living Plaza Sales 133,953 100.00 Korea
Samsung Electronics Logitech Distribution 46,731 100.00 Korea
S-LCD LCD manufacturing 3,689,467 50.00 Korea
Samsung Electronics Hainan Optical cable manufacturing 39,574 100.00 Korea
Fiberoptics Korea (SEHF-K)
Samsung Electronics Canada (SECA) Sale of electronic goods 92,256 100.00 Canada
Samsung Electronics America (SEA) Sale of electronic goods 3,822,829 100.00 U.S.A
Samsung Receivables (SRC) Financing 305,564 100.00 U.S.A
Samsung Semiconductor (SSI) Semiconductor sales 2,679,954 100.00 U.S.A
Samsung Austin Semiconductor (SAS) Semiconductor manufacturing 2,559,211 100.00 U.S.A
Samsung Information Systems America (SISA) Information system 34,909 100.00 U.S.A
research and development
Samsung International (SII) Manufacturing and sale of 199,671 100.00 U.S.A
electronic goods
Samsung Mexicana (SAMEX) Manufacturing and sale of 56,540 100.00 Mexico
electronic goods
Samsung Telecommunications America (STA) Mobile phone sales and 395,270 100.00 U.S.A
research and development
Samsung Electronics Sale of electronic goods 60,145 100.00 Panama
Latinoamerica (Zona Libre) (SELA)
Samsung Electronics Sale of electronic goods 30,305 100.00 U.S.A
Latinoamerica Miami (SEMI) and mobile phone
Samsung Electronica Columbia (SAMCOL) Sale of electronic goods
12,890 100.00 Columbia
Samsung Electronics Mexico (SEM) Manufacturing and sale of 58,162 100.00 Mexico
electronic goods
Samsung Electronics Argentina (SEASA) Sale of electronic goods 7,442 100.00 Argentina
continued