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62 63 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
2) Non-listed equities
Non-listed equities as of December 31, 2009 and 2008, consist of the following:
1. As of December 31, 2009, these investments in affiliated companies were not valued using the equity method of accounting due to immateriality of their
total asset balances or the Company's inability to exercise significant influence over the operating and financial policies.
2. The differences between the acquisition cost and fair value of the investment is recorded under accumulated other comprehensive income, a separate
component of equity.
Impairment losses on cost-method investments resulting from the decline in realizable value below the acquisition cost amounted to
₩
3,040
million for the year ended December 31, 2009 (2008:
₩
2,885 million).
As of December 31, 2009, 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 2009 are as follows:
(In millions of Korean won, except for the number of shares and percentage)
2009 2008
Number of
Shares Owned
Percentage of
Ownership (%)
Acquisition
Cost
Net Book Value
of Investee
Recorded
Book Value
Recorded
Book Value
Allat Corporation 1 300,000 30.0
₩
1,500
₩
4,924
₩
5,173
₩
5,427
iMarketKorea 380,000 14.1 1,900 11,825 1,900 1,900
Kihyup Technology Banking
Corporation 1,000,000 17.2 5,000 6,612 5,000 5,000
Korea Digital Satellite Broadcasting 240,000 0.7 3,344 738 3,000 3,000
Pusan Newport 1,135,307 1.0 5,677 4,181 5,677 5,677
Renault Samsung Motors 2 17,512,000 19.9 87,560 147,714 147,714 119,432
Samsung Electronics Football
Club 1 400,000 100.0 2,000 1,990 2,000 2,000
Samsung Everland 1 641,123 25.6 64,112 547,405 256,452 256,452
Samsung General Chemicals 1,914,251 3.9 19,143 39,918 13,864 13,864
Samsung Life Insurance 131,588 0.7 92,112 47,194 92,112 92,112
Samsung Petrochemical 514,172 13.0 8,040 27,332 8,040 8,040
Samsung Venture Investment
Corporation 980,000 16.3 4,900 7,274 4,900 4,900
TU Media 3,015,195 5.6 15,076 1,496 15,076 15,076
Yong Pyong Resort 400,000 1.1 1,869 2,931 1,869 1,869
Others 99,428 62,751 81,691 144,853
₩
411,661
₩
914,285
₩
644,468
₩
679,602
(In millions of Korean won)
Valuation Gain on Available-For-Sale Securities Valuation Loss on Available-For-Sale Securities
Balance at
January 1,
2009
Valuation
Amount
Included in
Earnings
Balance at
December 31,
2009
Balance at
January 1,
2009
Valuation
Amount
Included in
Earnings
Balance at
December 31,
2009
₩
1,441,907
₩
376,869
₩
33,006
₩
1,785,770
₩
(2,264)
₩
819
₩
(2)
₩
(1,443)
Deferred income tax and Minority interest (797,964) 942
₩
987,806
₩
(501)
Gain and loss on evaluation of available-for-sale securities for 2008 are as follows:
(2) Long-Term Held-To-Maturity Securities
Long-term held-to-maturity securities as of December 31, 2009 and 2008, consist of the following:
The subordinate bonds of SangRokSoo 1st Securitization Specialty were previously impaired by
₩
408,121 million prior to fiscal year 2009.
The realizable value subsequently dropped and a loss of
₩
2,083 million was recognized in 2009. The subordinate bonds of Badbank
Heemangmoah Securitization Specialty were also previously impaired by
₩
14,217 million prior to fiscal year 2009. As the subordinate
bonds of Badbank Heemang Moah Securitization Specialty recovered, a gain of
₩
11,424 million was recognized during 2009.
The maturities of long-term held-to-maturity securities as of December 31, 2009, consist of the following:
(In millions of Korean won)
Valuation Gain on Available-For-Sale Securities Valuation Loss on Available-For-Sale Securities
Balance at
January 1,
2008
Valuation
Amount
Included in
Earnings
Balance at
December 31,
2008
Balance at
January 1,
2008
Valuation
Amount
Included in
Earnings
Balance at
December 31,
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)
(In millions of Korean won)
2009 2008
Face Value Recorded Book Value Face Value Recorded Book Value
Government and public bonds
₩
61
₩
61
₩
97
₩
97
ABS subordinated securities 727,868 314,872 756,701 334,363
₩
727,929
₩
314,933
₩
756,798
₩
334,460
(In millions of Korean won)
Maturity Recorded book value
Government and public bonds ABS subordinated securities Total
From one year to five years
₩
61
₩
314,872
₩
314,933