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15. LONG-TERM DEBTS
Long-term debts as of December 31, 2008 and 2007 consist of the following:
(In millions of Korean won)
(A) Korean won loans as of December 31, 2008 and 2007, consist of the following:
(B) Long-term debts denominated in foreign currencies as of December 31, 2008 and 2007, consist of the following:
(In millions of Korean won)
As of December 31, 2008, certain bank deposits, and property, plant and equipment are pledged as collaterals for the above long-term
debts (Notes 4 and 11). In addition, SEC guarantees repayment of substantially all long-term debt of overseas subsidiaries (Note 19).
Included in the long-term debts are the borrowings of Samsung Card with an aggregate amount of ￦867,119 million (2007: ￦836,498
million) as of December 31, 2008.
(In millions of Korean won)
Reference 2008 2007
Korean won loans (A)
￦
768,638
￦
623,663
Foreign currency denominated loans (B) 1,346,158 569,564
Debentures (C) 5,916,532 4,633,179
8,031,328 5,826,406
Less: Current maturities (2,257,371) (1,982,678)
￦
5,773,957
￦
3,843,728
Korea Energy Management Corporation 4.5
￦
68
￦
282
Samsung Shinhan 4th Special Purpose Company - 97,002 151,881
Others 4.7 ~ 10 671,568 471,500
￦
768,638
￦
623,663
Annual Interest Rates (%)
as of December 31, 2008 2008 200
7
Shinhan Bank and others -
￦
-
￦
56,292
Royal Bank of Scotland and others 2.7 ~ 4.3 383,476 234,550
Foreign financial institutions (Overseas subsidiaries) 1.4 ~ 8.4 962,682 278,722
￦
1,346,158
￦
569,564
Annual Interest Rates (%)
as of December 31, 2008 2008 2007
(C) Debentures outstanding as of December 31, 2008 and 2007, consist of the following:
(In millions of Korean won)
Non-guaranteed debentures 4.4 ~ 9.2
￦
5,920,000
￦
4,337,000
Subordinated convertible bonds - - 265,379
5,920,000 4,602,379
Add: Premium for non-executed rights - 43,902
Less: Conversion rights - (10,117)
Discounts (3,468) (2,985)
￦
5,916,532
￦
4,633,179
Annual Interest Rates (%)
as of December 31, 2008 2008 2007