Samsung 2009 Annual Report Download - page 36

68 69 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
15. Long-Term Debts
Long-term debts as of December 31, 2009 and 2008 consist of the following:
As of December 31, 2009, 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 (2008:
₩
836,498
million) as of December 31, 2009.
(A) Korean won loans as of December 31, 2009 and 2008, consist of the following:
(B) Long-term debts denominated in foreign currencies as of December 31, 2009 and 2008, consist of the following:
(C) Debentures outstanding as of December 31, 2009 and 2008, consist of the following:
(In millions of Korean won)
(In millions of Korean won)
(In millions of Korean won)
(In millions of Korean won)
The amortization expense of intangible assets for the years ended December 31, 2009 and 2008, is allocated to the following accounts:
13. Long-Term Deposits and Other Assets
Long-term deposits and other assets as of December 31, 2009 and 2008, consist of the following:
14. Short-Term Borrowings
Short-term borrowings as of December 31, 2009 and 2008 consist of the following:
Certain bank deposits and property, plant and equipment are pledged as collaterals for the above borrowings. As of December 31, 2009
and 2008 overdraft facilities of the Company amount to
₩
1,484,800 million and
₩
930,500 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
₩
586,000 million
(2008:
₩
1,779,762 million) and current maturities of long-term debts of
₩
2,894,277 million (2008:
₩
2,243,426 million) as of December 31,
2009.
(In millions of Korean won)
(In millions of Korean won)
(In millions of Korean won)
Account 2009 2008
Production costs
₩
43,113
₩
32,801
Selling and administrative expenses 124,003 123,661
Research and development expenses 80,987 83,200
₩
248,103
₩
239,662
2009 2008
Long-term guarantee deposits
₩
864,013
₩
895,245
Long-term trade receivables, net 92,980 27,600
Long-term prepaid expenses 2,440,595 368,875
Others 258,074 363,351
₩
3,655,662
₩
1,655,071
Annual Interest Rates (%)
as of December 31, 2009 2009 2008
General term loans from commercial banks 1.6~6.5
₩
578,500
₩
1,177,500
Notes discounted 3.1 90,000 674,762
Usance financing, including document against
acceptance loans incurred from intercompany
transactions
LIBOR + 1.2~1.7 3,534,129 3,065,346
Short-term borrowings of overseas subsidiaries 0.8~11.0 3,410,889 4,109,022
₩
7,613,518
₩
9,026,630
Reference 2009 2008
Korean won loans (A)
₩
932,132
₩
768,638
Foreign currency denominated loans (B) 1,132,941 1,346,158
Debentures (C) 4,398,174 5,916,532
6,463,247 8,031,328
Less: Current maturities (2,918,235) (2,257,371)
₩
3,545,012
₩
5,773,957
Annual Interest Rates (%)
as of December 31, 2009 2009 2008
Samsung Shinhan 4th Special Purpose Company -
₩
-
₩
97,002
Others 3.1~10.0 932,132 671,636
₩
932,132
₩
768,638
Annual Interest Rates (%)
as of December 31, 2009 2009 2008
Mitsubishi Tokyo and others 0.8~4.0 110,240 383,476
Foreign financial institutions
(Overseas subsidiaries) 0.9~15.0 1,022,701 962,682
₩
1,132,941
₩
1,346,158
Annual Interest Rates (%)
as of December 31, 2009 2009 2008
Non-guaranteed debentures 5.0~9.2
₩
4,400,000
₩
5,920,000
4,400,000 5,920,000
Discounts (1,826) (3,468)
₩
4,398,174
₩
5,916,532