Samsung 2008 Annual Report Download - page 72

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
8. FINANCING RECEIVABLES
Financing receivables of the consumer financing subsidiary, Samsung Card Co., Ltd., as of December 31, 2008 and 2007, are as follows:
(In millions of Korean won)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
CONTINUED
Accounts 2008 2007
Short-term financing receivables
Credit card assets
￦
5,193,739
￦
4,311,592
Lease assets 182,898 141,228
Installment finance 306,221 358,870
General loans 569,332 698,043
Call loans and others 470,232 507,215
6,722,422 6,016,948
Less: Allowance for doubtful accounts (455,910) (441,942)
6,266,512 5,575,006
Long-term financing receivables
Credit card assets 1,845,906 2,069,388
Lease assets 1,000,959 801,395
Installment finance 423,863 406,619
General loans 428,171 547,318
Trust assets and others 198,088 221,087
3,896,987 4,045,807
Less: Allowance for doubtful accounts (192,195) (245,852)
3,704,792 3,799,955
￦
9,971,304
￦
9,374,961
Collection schedule of installment finance and general loans as of December 31, 2008, follows:
(In millions of Korean won)
Year Installment finance General loans
2009
￦
306,221
￦
569,332
2010 232,169 193,783
2011 156,477 143,594
2012 24,110 68,027
2013 10,601 20,137
Thereafter 506 2,630
￦
730,084
￦
997,503
Maturities of finance lease, as of December 31, 2008 and 2007, are as follows:
(In millions of Korean won)
2008 2007
Minimum Lease Present Minimum Lease Present
Payment Values Payment Values
Within one year
￦
29,973
￦
29,225
￦
26,466
￦
25,636
From one year to five years 438,904 385,848 259,274 234,557
More than five years - - 804 639
Unguaranteed residual value 88,790 78,199 62,420 54,691
557,667
￦
493,272 348,964
￦
315,523
Present value adjustment (64,395) (33,441)
Financing lease receivables
￦
493,272
￦
315,523