Samsung 2008 Annual Report Download - page 70

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
For the years ended December 31, 2008 and 2007, changes in valuation gain or loss on short-term available-for-sale securities are as follows:
(In millions of Korean won)
Balance at Balance at Balance at Balance at
January 1, Valuation Included in December 31, January 1, Valuation Included in December 31,
2008 Amount Earnings 2008 2008 Amount Earnings 2008
Beneficiary
certificates
￦
5,493
￦
12,067
￦
5,493
￦
12,067
￦ -
￦ -
￦ -
￦ -
Financial institution
bonds - - - - (196) - (196) -
￦
5,493
￦
12,067
￦
5,493 12,067
￦
(196) -
￦
(196) -
Deferred income tax (2,920) -
￦
9,147
￦
-
2008
Valuation Gain on Available-For-Sale Securities
Valuation Loss on Available-For-Sale Securities
Balance at Balance at Balance at Balance at
January 1, Valuation Included in December 31, January 1, Valuation Included in December 31,
2007 Amount Earnings 2007 2007 Amount Earnings 2007
Beneficiary
certificates
￦
9,085
￦
5,493
￦
9,085
￦
5,493
￦ -
￦ -
￦ -
￦
-
Financial institution
bonds - - - - (580) (196) (580) (196)
￦
9,085
￦
5,493
￦
9,085 5,493
￦
(580)
￦
(196)
￦
(580) (196)
Deferred income tax (1,510) 53
￦
3,983
￦
(143)
2007
(In millions of Korean won)
Valuation Gain on Available-For-Sale Securities
Valuation Loss on Available-For-Sale Securities
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
CONTINUED
6. ACCOUNTS AND NOTES RECEIVABLE
Accounts and notes receivable, and their allowance for doubtful accounts as of December 31, 2008 and 2007, are as follows:
As of December 31, 2008, the Company has credit insurance with Korea Export Insurance and overseas insurance companies against its
export accounts receivable with their approved foreign customers.
(In millions of Korean won)
2008 2007
Trade accounts and notes receivable
￦
12,133,793
￦
11,180,598
Less: Allowance for doubtful accounts (89,814) (55,466)
￦
12,043,979
￦
11,125,132
Other accounts and notes receivable
￦
1,582,861
￦
1,010,801
Less: Allowance for doubtful accounts (24,483) (21,600)
Discounts on present value (99) (58)
￦
1,558,279
￦
989,143