Samsung 2008 Annual Report Download - page 65

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
In accordance with the SKFAS No. 25, Consolidated Financial Statements, the following subsidiaries were excluded from consolidation
as of December 31, 2008, because their total assets at the prior fiscal year end were less than ￦7,000 million:
Percentage of
Subsidiaries Primary Business Ownership (%) Location
SEMES America Service 100.00 U.S.A
Samsung Electronics Chile Marketing and service 99.99 Chile
Samsung Semiconductor International Holding company 100.00 Mexico
Samsung Semiconductor Mexico Semiconductor sales 100.00 Mexico
Samsung-Crosna Joint Stock Telecom (switchboard) 67.00 Russia
Samsung Electronics Istanbul Marketing & Trading Marketing 100.00 Turkey
Samsung Electronics Ukraine Marketing 99.99 Ukraine
Samsung Telecom Benelux Installation and service of 100.00 Netherlands
telecom systems
Samsung Electronics Kazakhstan Marketing 100.00 Kazakstan
Samsung Electronics Romania Marketing 100.00 Romania
Samsung Semiconductor France Semiconductor sales 100.00 France
Samsung Semiconductor Italia Semiconductor sales 100.00 Italy
Samsung Semiconductor Sweden Semiconductor sales 100.00 Sweden
Samsung Electronics Limited - 100.00 U.K.
Samsung Telecoms (UK) - 100.00 U.K.
Batino Realty Corporation Real-properties lease 38.90 Philippines
Samsung Electronics China R&D Center Research 100.00 China
Samsung Electronics Shenzhen Semiconductor sales 100.00 China
Samsung Electronics Football Club Sports services 100.00 Korea
CHANGES IN SCOPE OF CONSOLIDATION
(a) Details of subsidiaries newly included in consolidation for the year ended December 31, 2008, are as follows:
(b) The following subsidiaries were deconsolidated for the year ended December 31, 2008:
Location Name of Subsidiaries Remark
China Beijing Samsung Telecom R&D Center (BST) Increase in total assets
Samsung Suzhou Electronics Export (SSEC-E) Newly incorporated
Samsung Electronics Shanghai Telecommunications (SSTC) Increase in shares
Europe Samsung Electronics Baltics (SEB) Increase in total assets
Samsung Electronics Rus Kaluga (SERK) Increase in total assets
Samsung Electronics Ukraine Company (SEUC) Newly incorporated
Samsung Electronics KZ and Central Asia (SEKZ) Newly incorporated
Asia Samsung Electronics Vietnam (SEV) Newly incorporated
Samsung Telecommunications Japan (STJ) Newly incorporated
Location Name of Subsidiaries Remark
China Hangzhou Samsung Eastcom Network Technology (HSEN) Liquidation completed
Asia Samsung Telecommunications India (STI) Merged