Samsung 2008 Annual Report Download - page 80

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
(In millions of Korean won)
1. Acquisitions include amounts transferred from other accounts such as construction-in-progress.
2. Others include amounts from changes in scope of consolidation and changes in foreign currency exchange rates.
Balance at January 1, 2007
￦
6,776
￦
(186)
￦
262,726
￦
389,069
￦
658,385
Acquisition 1 22,830 - 113,564 108,006 244,400
Disposal - - (3,019) (3,145) (6,164)
Amortization (3,181) 186 (58,329) (134,950) (196,274)
Others 2 219 - (41) 4,102 4,280
Balance at December 31, 2007
￦
26,644
￦
-
￦
314,901
￦
363,082
￦
704,627
Negative Intellectual
Goodwill Goodwill Property Rights Others Total
2007
The amortization expense of intangible assets for the years ended December 31, 2008 and 2007, is allocated to the following accounts:
The changes in intangible assets for the years ended December 31, 2008 and 2007, are as follows:
(In millions of Korean won)
(In millions of Korean won)
Account 2008 2007
Production costs
￦
32,801
￦
30,327
Selling and administrative expenses 123,661 89,774
Research and development expenses 83,200 76,173
￦
239,662
￦
196,274
2008 2007
Long-term guarantee deposits
￦
895,245
￦
793,737
Long-term trade receivables, net 27,600 42,712
Long-term prepaid expenses 368,875 489,775
Others 363,351 354,370
￦
1,655,071
￦
1,680,594
13. LONG-TERM DEPOSITS AND OTHER ASSETS
Long-term deposits and other assets as of December 31, 2008 and 2007, consist of the following:
14. SHORT-TERM BORROWINGS
Short-term borrowings as of December 31, 2008 and 2007 consist of the following:
Certain bank deposits and property, plant and equipment are pledged as collaterals for the above borrowings. As of December 31, 2008 and 2007
overdraft facilities of the Company amount to ￦930,500 million and ￦1,189,000 million. In addition, SEC guarantees repayment of substantially
all short-term borrowings of overseas subsidiaries (Note 19).
In addition, the above short-term borrowings include those of Samsung, a consumer financing subsidiary, amounting to ￦1,779,762 million
(2007: ￦2,127,160 million) and current maturities of long-term debts of ￦2,243,426 million (2007: ￦1,933,885 million) as of December 31, 2008.
(In millions of Korean won)
Annual Interest Rates (%)
as of December 31, 2008 2008 2007
General term loans from commercial banks 3.8 ~ 8.4
￦
1,177,500
￦
1,616,000
Notes discounted 5.8 ~ 8.7 674,762 567,160
Usance financing, including document
against acceptance loans incurred from LIBOR +2.0 ~ 3.0 3,065,346 4,391,387
intercompany transactions
Short-term borrowings of overseas subsidiaries 0.6 ~ 26.0 4,109,022 1,878,552
￦
9,026,630
￦
8,453,099
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
CONTINUED