Samsung 2008 Annual Report Download - page 75

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
Impairment losses on cost-method investments resulting from the decline in realizable value below the acquisition cost amounted to
￦2,885 million for the year ended December 31, 2008 (2007: ￦6,234 million).
As of December 31, 2008, the Company’s investments in Pusan Newport are pledged as collateral against the investee’s debt.
Gain and loss on valuation of available-for-sale securities for 2008 are as follows:
(In millions of Korean won)
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,
2008 Amount Earnings 2008 2008 Amount Earnings 2008
￦
2,519,181
￦
(1,077,274)
￦
-
￦
1,441,907
￦
(1,665)
￦
(599)
￦
-
￦
(2,264)
Deferred income tax and Minority interest (598,550) 542
￦
843,357
￦
(1,722)
Gain and loss on evaluation of available-for-sale securities for 2007 are as follows:
(2) LONG-TERM HELD-TO-MATURITY SECURITIES
Long-term held-to-maturity securities as of December 31, 2008 and 2007, consist of the following:
The subordinate bonds of SangRokSoo 1st Securitization Specialty were previously impaired by ￦404,583 million. The realizable value
subsequently dropped and a loss of ￦3,538 million was recognized in 2008. The subordinate bonds of Badbank Heemangmoah
Securitization Specialty were also previously impaired by ￦20,700 million. As the subordinate bonds of Badbank Heemang Moah
Securitization Specialty recovered, a gain of ￦6,483 million was recognized during 2008.
(In millions of Korean won)
(In millions of Korean won)
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
￦
1,286,374
￦
1,244,388
￦
11,581
￦
2,519,181
￦
(2,086)
￦
(897)
￦
(1,318)
￦
(1,665)
Deferred income tax and Minority interest (1,092,358) 458
￦
1,426,823
￦
(1,207)
Face Value Recorded Face Value Recorded
Book Value Book Value
Government and public bonds
￦
97
￦
97
￦
165
￦
165
ABS subordinated securities 756,701 334,363 572,406 147,122
￦
756,798
￦
334,460
￦
572,571
￦
147,287
20072008
The maturities of long-term held-to-maturity securities as of December 31, 2008, consist of the following:
(In millions of Korean won)
Recorded book value
Maturity Government and public bonds ABS subordinated securities Total
From one year to five years
￦
97
￦
334,363
￦
334,460