Samsung 2008 Annual Report Download - page 91

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
Deferred income tax assets and liabilities and income tax expense charged directly to equity as of and for the years ended December 31,
2008 and 2007, are as follows:
(In millions of Korean won)
Ⅰ. Deferred income tax assets and liabilities
Gain (Loss) on valuation of available-for-sale securities and others
￦
(682,172)
￦
(755,003)
Ⅱ. Income tax expense
Gain on sale of treasury stock and others
￦
(2,622)
￦
(27,671)
2008 2007
(In millions, except per share amounts)
(In millions, except per share amounts)
26. EARNINGS PER SHARE
Basic earnings per share were computed using the weighted average number of shares of common stock outstanding during the period.
Diluted earnings per share include the additional dilutive effect of the Company’s potentially dilutive securities including stock options.
Basic earnings per share for the years ended December 31, 2008 and 2007, is calculated as follows:
The number of dilutive shares of outstanding stock options is calculated by applying the treasury stock method.
Under the treasury stock method, the proceeds from the exercise of the stock options are assumed to be used to purchase common stock
at the average market price. The incremental number of shares which is the difference between the number of shares assumed to be issued
and the number of shares assumed to be purchased, is included in the denominator in calculating diluted earnings per share.
1. Common shares equivalent
Net income as reported on the statements of income
￦
5,525,904
￦
7,420,579
Adjustments:
Dividends for preferred stock (110,188) (159,823)
Undeclared participating preferred stock dividend (637,556) (825,162)
Excess payment for preferred shares over carrying value - (169,607)
Net income available for common stock 4,778,160 6,265,987
Weighted-average number of common shares outstanding 126,795,572 126,580,267
Basic earnings per share (in Korean won)
￦
37,684
￦
49,502
2008 2007
Stock options 1,168,130 366/366 1,168,130
Stock options 1,494,909 365/365 1,494,909
2008 Number of Shares Weight Common Stock Equivalent
2007 Number of Shares Weight Common Stock Equivalent
Diluted earnings per share for the years ended December 31, 2008 and 2007, is calculated as follows:
Net income available for common stock
￦
4,778,160
￦
6,265,987
Adjustment:
Compensation expense for stock options - -
Net income available for common stock and common equivalent shares 4,778,160 6,265,987
Weighted-average number of shares of common stock
and common shares equivalent 1 127,963,702 128,075,176
Diluted earnings per share (in Korean won)
￦
37,340
￦
48,924
2008 2007